The Business Times, 19 February 1988
1988-02-19
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The Business Times
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Title Section11 1988-02-19 1 BUSINESS TIMES MCI (P) 95/12/87 FRIDAY, FEBRUARY 19, 1988 75 CENTS11 words
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Article152 1988-02-19 1 Reuter Dow Jones lower WALL STREET stocks showed small changes over a narrow area in slow early trading yesterday. Brokers said investors found little in the news background to inspire either buying or selling. Foreign investors were mostly out of the market. The Dow Jones Industrial AverageReuter - 152 words
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Article159 1988-02-19 1 FOREIGN EXCHANGE rates barely hiccoughed in listless trading in Tokyo yesterday. The US dollar fluctuated marginally around 130.00 yen all day, hemmed in tightty between sell orders from commercial operators and buy orders by speculators and institutional investors, analysts said. The market closures in HongKong159 words
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305 1988-02-19 1 COMPRESSORS for air-condi-tioners is the latest product that Sanyo Electric Co, which has been steadily expanding its operations in Singapore, will manufacture in a new $43 million investment. Production of the compressors will oe handled by Sanyo Compressor Singapore Re Ltd, which was305 words
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Article723 1988-02-19 1 ALVIN TAY - MAS survey expected to come in useful as marketing tool By ALVIN TAY THE FINDINGS of the Monetary Authority of Singapore's ongoing survey on the cost of treasury operations could be used as a marketing tool to convince more international banks that it is723 words
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Article83 1988-02-19 1 Reuter TRANSPORT WORKERS have announced a strike for today that could halt all domestic air travel in Australia and severely disrupt international flights. Union officials said in Melbourne yesterday that 1,100 aircraft refuellers and oil-tanker drivers would stop work and meet today to discuss theReuter - 83 words
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Article122 1988-02-19 1 Reuter THE PESO slid to a two-year low of 21.010 against the US dollar from 20.911 in thin trading yesterday, a Bankers' Association of the Philippines spokesman said. He said only US$2 million was sold in a listless market where transactions have totalled onlyReuter - 122 words
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376 1988-02-19 1 SOH TIANG KENG - By SOH TIANG KENG ONE OF BRITAIN'S top merchant banking and securities houses, S G Warburg, plans to set up an office in Singapore within the next few months. Mr Mark Hadaley-ChapJin, a senior Warburg executive based in Hongkong,376 words
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168 1988-02-19 1 AFP INDONESIA is further relaxing investment and operational requirements for foreign oil companies to boost the country's national oil and gas output, a minister ssid in Jakarta on Thursday. "For the sake of national interest, both in the long and short term, it isAFP - 168 words
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Article, Illustration158 1988-02-19 1 THE MARKET VOLATILITY that followed last year's crash has unnerved investors, who now wonder whether their bovine friend will return during the Dragon Year. Most of the experts we spoke to agreed that the market would take its cue from the US economy. But as158 words
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Article, Illustration330 1988-02-19 1 MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad seems to have gained the upper hand in dealing with his problems now that political figures such as Datuk Musa Hitam who was once his No 2 in the government and in the United Malays National Organisation330 words
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122 1988-02-19 1 AP A JAPANESE MINISTRY yesterday called for new steps to boost Japan's aid to the Third World to levels matching its status as one of the world's richest nations. In a 1967 White Paper on economic development, the Ministry of International Trade andAP - 122 words
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Page 1 Advertisements
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Advertisement48 1988-02-19 1 unr ADVANCED BATTERIES for commercial, industrial military applications STEP INTO 88 WITH CHAIR TO SUCCESS hi M d r* JJ, □9I oi f«. »i ijakjn -*4> MOD: 4548 M ri:j EXECUTIVE P MOD: 318G Design Centre Pte. Ltd. Henry Building, 5 Eunos Avenue 8-A Singapore 1440. CALL: 748-666648 words
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Advertisement277 1988-02-19 1 Sm Back Pag* EUROPEAN COMMUNITY economic growth is sot to fall in 1988 but there are no signs of a recession, according to EC Commissioner Peter Schmiedhuber. OVERSEAS, Page 2 INDONESIA'S oil-dependent economy is expected to grow by between 3 and 5 per cent into the *****. OVERSEAS. Page 2277 words
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Advertisement81 1988-02-19 1 PD/I lfY7 quadruple Lr4 lUZ. ZOOMING POWER MINOUA Power-enlarging to 4 times original size. Boost axpactsd from manufacturing, Paga 2 Shipping Times comes as a separata section today. Make sure you get your copy. Vitalis SUPER CONTROL For hair that keeps its style all day, get hold of Vitalis Super81 words
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OVERSEAS
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585 1988-02-19 2 No signs of a recession however Reuter EUROPEAN COMMUNITY economic growth is set to fall in 1988 but there are no signs of a recession, according to EC Commissioner Peter Schmiedhuber. Member states, however, should do more to stimulate their economies, he said inReuter - 585 words
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251 1988-02-19 2 Reuter THE EUROPEAN COMMUNITY (EC) is investigating charges that Japan and South Korea are selling cut-price photocopiers and television sets to boost their share of the EC market unfairly. The "anti-dumping" investigations announced on Wednesday are part of a concerted EC strategy to reduceReuter - 251 words
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Article283 1988-02-19 2 AFP THE WEST GERMAN economy is likely to experience "at best" zero growth over the first quarter of this year, and inflation is likely to rise over the year as a whole, according to two leading economic institutes on Wednesday. Meanwhile, the Federal statistics officeAFP - 283 words
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Article69 1988-02-19 2 Reuter THE US has asked Brazil, Thailand and India for talks to limit textile exports and if agreements are not reached, unilateral quotas will be imposed, says the Commerce Department. The talks will cover polyester yarn with cotton from Brazil, duck cloth from IndiaReuter - 69 words
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124 1988-02-19 2 AP THE South Korean government has invited three foreign companies to bid for feasibility studies on a bullet train to link Seoul with the eastern part of the country. Transportation ministry officials said in Seoul on Wednesday that Louis Berger Co of theAP - 124 words
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Article, Illustration253 1988-02-19 2 Reuter WEST GERMAN Economy Minister Martin Bangemann has held talks with the Sultan of Brunei, Sir Muda Hassanal Bolkiah, and officials of the tiny, oil-rich state on possibilities of increasing economic cooperation. "We were discussing the possibilities of cooperating economically, and we had talksReuter - 253 words
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128 1988-02-19 2 AP FIVE WORLD figures including Australian historian Geoffrey Blainey, Chinese anthropologist and sociologist Fei Xiao-Tong, and US economist John Kenneth Galbraith have been named by Encyclopaedia Brittanica to share its annual award for communicating knowledge for the benefit of mankind. The other winners of the thirdAP - 128 words
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459 1988-02-19 2 AFP INDONESIA'S oil-dependent economy will grow by between 3 and 5 per cent into the *****, spurred by continued expansion of manufactured exports, Economic Coordinating Minister Ali Wardhana said on Wednesday. Speaking at a luncheon with Indonesian and Japanese businessmen in Jakarta, Mr Wardhana alsoAFP - 459 words
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377 1988-02-19 2 Reuter INDONESIA'S state-owned Pertamina Oil Company has plans to build a US$7OO million oil refinery to supply oil products to Asia. Company president director Abdul Rachman Ramly told parliament on Wednesday the refinery would be a Britishdesigned plant with a capacity of 100,000 barrelsReuter - 377 words
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225 1988-02-19 2 UPI A JURY in New York has found two former executives of the Beech-Nut Baby Food Company guilty of federal charges for their part in a scheme to sell millions of jars of fake apple juice for infants. Niels Hoyvald, former presidentUPI - 225 words
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431 1988-02-19 2 AFP CHINESE interim Premier Li Peng pledged at a Lunar New Year gathering in Beijing on Wednesday that economic reforms would be strengthened this year and said that China s most pressing problem was rising prices. Meanwhile. Communist Party chief Zhao Ziyang wasAFP - 431 words
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Article151 1988-02-19 2 Reuter THE UNITED STATES says it still considers China a friendly country despite an article in an official Chinese journal accusing Washington of interfering in Beijing's internal affairs. "We continue to view China as a friendly, non-allied country and remain convinced that progress in US-ChinaReuter - 151 words
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Article1019 1988-02-19 2 ARRIVALS Operator S«rv<c« Local From numb*r fkn* FT FT71 0115 *k/ios/o«o/ ANC/MtT/MNL/ TP* SU SOU 0115 LAX/NRT UA UA805 0120 SfO/HKG ML iL61 5 0305 TYO SU SQ151 0520 KUL MAS MM601 0730 KUL MAS AAH681 0020 KUL SIA SQ43 0820 0HA KAL KE697 0905 SEL/AANl MAS1,019 words
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167 1988-02-19 2 AFP THE WORLD Food Programme (WFP) is to provide emergency aid worth a total of U559.25 million to Vietnam, Pakistan, the Philippines and Benin, a spokesman for the United Nations Food and Agriculture Organisation (FAO) said in Rome on Tuesday. Vietnam will receive 30,000AFP - 167 words
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Page 2 Advertisements
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Advertisement28 1988-02-19 2 rra (yM iiii'f:! iiror3i<[<nMc7 st *Ar •> A v-, -<r > $7.50+ Teochew Porridfe Buffet Supper pfj hartr/ C* vruararia/ VygfK/ irMGMFOmt 429 Bukit final) Road. Sinfapore 1025 Tel: *****31.28 words
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Advertisement57 1988-02-19 2 I \fV I I A \fV I The business person's choice, every I I II \I I II II I Tuesdoy. Thursdoy. Soturdoy ond Sundoy. I A /I I9\ w\ Leoving Chongi Airport at 22:05 1I S 1 hours and arriving Heathrow early the following "lornmg Cal( your Travel Agent57 words
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COMMODITIES
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Article75 1988-02-19 3 Reuter TOKYO RUBBER futurM closed narrowly mixed on position adjustments in extremely light and featureleea trading yesterday, dealers said. Spot February to April roee 0.2 to 0.4 yen per kg to end on their highs on sporadic short-covering, while other months declined 0.1 to 0.3 yen but cloeed aboveReuter - 75 words
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Article233 1988-02-19 3 Reuter SOYBEAN FUTURES on the Chicago Board of Trade rallied sharply at the ctoee on Wsdnesdey on heevy Iocs! buying, with pricss closing 13% to 6X cents per bushel higher. Nearby March ended 13.0 centa higher at USSB.33H, and the March 1989 delivery set a life-of-contract high. C andReuter - 233 words
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Article229 1988-02-19 3 Reuter STEEL OUTPUT by the West's major producers jumped 17.5 per cent last month from a year earlier ss steelmakers worked to meet strong demand, the International Iron and Steel Institute (IISJ) haa said. The institute said crude steel production in the 30 countriesReuter - 229 words
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Article83 1988-02-19 3 AFP THE NATIONAL Pipe Company Ltd. a SaudiJapanese Joint-venture company and Saudi Arabia's largest manufacturer of welded steel pipes, may suspend production becauee of a depreeeed market, the newspapsr Al-Riyadh rsportsd on Wsdnooday, citing company sourcee in Riyadh. The firm has latsly reduced staff, includingAFP - 83 words
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167 1988-02-19 3 Reuter THE UNITED Arab Emirate* (UAE). a key player in oil pricing strategy, is allowing crude oil production to fall in order to defend Opec's official price of US$lB a barrel. Oil Miniater Mana Said AKXeiba said at a meeting with JapaneeeReuter - 167 words
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592 1988-02-19 3 Better prices from Japanese buyers AFP NEW CALEDONIA'S nickel industry is looking at 1968 with relative confidence after two hard yaars, thanks to higher prices offered by Japaneee buyers of the French Pacific territory's major export. Societe Le Nickel (SLN), the quasi-monopoly which hasAFP - 592 words
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Article212 1988-02-19 3 Reuter WHEAT FUTURES on the Chicago Board of Trade cloeed 3-1/4 to 1/4 cent lower on Wedneeday off session lows, with March down 3-1/4 cents at a bushel. Prices recovered from sharp sarty loeses which were sttributed to stoploss selling as prices broke through support levels in March andReuter - 212 words
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Article70 1988-02-19 3 Bangkok OodRg print nhbll (USS/tonn*, POt) White Rke 100% 1« dom 355 100% 2nd doM 32C 100% 3rd daw 315 5% 310 '9S 305 15% 293 20% 293 25% 290 35% 295 Broken Rico A-1 S«p*r 225 A-l Spadot 223 C-l SpwM miq C-1 Ord unq Loonzain Rke70 words
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Article190 1988-02-19 3 TOKYO: YEN-DENOMINATED gold futures ended with small gains in thin trading yeeterday, dealers said. Prices were quoted from one to four yen firmer. Technical-based short-covering lifted prices in early trade, some dealers said. But pricee failed to advance further with little follow-through buying due to the abeence of190 words
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476 1988-02-19 3 AFP THE FOUR-LANE highway linking the copperbelt towns of Kitwe and Ndols is the only one in Zambia, fringed with unkempt forest and encroeching grass, its surface pitted with potholes. The copperbelt which was the gtory of Zambia in the 1900 when the country producedAFP - 476 words
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Page 3 Advertisements
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Advertisement265 1988-02-19 3 Mffcotejn Wngapof, Molayta and Hongkong mra dmd ylrdoy. London commodity pricct wen not iviilibto. Composition with blue. Mondriaan, 1937, Hugs Gemetntemmeum. f, V?" K~, > >■**& L v.: •■-.Vw?! "V*., I- <\i "ZV J> v < :*V -3 -V >■ t4 J s v VW. <-< <*«.-,.■> ■> < ."ts.265 words
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MONEY AND EXCHANGES
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879 1988-02-19 4 Loan exposure a key factor Reuter AFTER A REVIEW of bank ratings focusing on their exposure to developing country loans, Moody's Investors Service Inc said it lowered the ratings of eight institutions and affirmed the grades of three others. About US$B2.6 billion of debtReuter - 879 words
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Article597 1988-02-19 4 JAKARTA: The US dollar was fixed yesterday at 1659.00/1665.00 rupiah. TOKYO: THE US DOLLAR yesterday closed easier against the yen on profittaking but little changed against major currencies, in directionless trade due to a lack of factors, dealers said. The dollar fluctuated marginally around 130.00 yen all day.597 words
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Article, Illustration183 1988-02-19 4 Reuter IMM FOREIGN Currency futures finished mostly higher after a quiet day of trendless trading on Wednesday. US January industrial production and housing starts reports, released on Wednesday morning, wielded limited impact and failed to rouse the market from its torpor, traders said. Values wavered in trading ranges asReuter - 183 words
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379 1988-02-19 4 Reuter THE US DOLLAR'S halving in value since 1985 is leading more bankers and companies to ignore its role as a benchmark against which other currencies are measured. So-called "cross-trades", when two non-dollar currencies are exchanged, now account for about a quarter ofReuter - 379 words
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Article341 1988-02-19 4 TraMftf on P* mry It, 1M Opar M*. u» Saw Eat Vaf Op/ba Vol EUROOOtLAH Mor M 9X01 9X03 9X00 93.01 1043 ***** 2006 Mm M 92J2 fU4 92.81 92 J 2 1571 9555 2742 Sap M WJ4 92-53 92J2A 92-35 7* 4271 1399 471 Ok M 92.25 92.23341 words
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496 1988-02-19 4 EUROSTERLING bonds are likely to be an increasingly attractive choice ttiis year because the UK government's borrowing plans will probably make alternative investments scarce. According to London analysts and investors, the government will have such a comfortable funding poeition that496 words
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Page 4 Advertisements
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Advertisement37 1988-02-19 4 Markets in Singapore, Malaysia, Hongkong, China and Taiwan were closed yesterday. Except for Slmex, which was closed yesterday, all option prices and Come* gold futures were not available. IB BANQUEINDOSUEZ 3 Shenton Way, Shenton House. Singapore 010637 words
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Page 4 Miscellaneous
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Miscellaneous644 1988-02-19 4 12 13 26 27 CRYPTIC PUZZLE ACROSS 1 Eccentrics of the mechanical world? (6) 7 Put a spell on the door? (8) 8 National? Not necessarily (4) 10 The girl Ron has, maybe (6) 11 Something hot in a pot (6) 14 The shrewd air traveller (3) 16 Enjoyable, thanks644 words
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Miscellaneous1266 1988-02-19 4 w em oaou® B 12 7.30 PM Opening and Programme Highlight! followed by Italian Sooctr. 8.30 Tost Pilot —Wo Never Um The Word Dangerous. t.OO No Ploco Uko Homo. t.30 National Geographic Specials A Beaver Pond. 10.15 Applause JazzvMonfe Jump The Blues Away. A series of concerts featuring the best1,266 words
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BANKING AND FINANCE
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311 1988-02-19 5 FT DEN NORSKE CREDITBANK (DNC), Norway's largest bank, said on Tuesday its entire executive board had been replaced, one month after announcing the resignation of its chief executive following the bank's dramatic slide into the red for 1987. The bank's 45-member supervisory boardFT - 311 words
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405 1988-02-19 5 FT TWO MORE substantial gold loans totalling 500,000 troy ounces or about 15 tonnes, and worth about US$22O million are currently being negotiated, according to London traders. Analysts suggested in London on Wednesday that the new loans would have a depressing impact onFT - 405 words
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687 1988-02-19 5 NYT THE FAILURE of a leading mortgage insurer to meet its obligations has led US banks and savings and loan associations to declare nearly US$5OO million in home mortgages in the south-west in default. As a result, the lenders have begun foreclosure proceedingsNYT - 687 words
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494 1988-02-19 5 Expansion a 'matter of survival' Agencies THE BANK OF TOKYO has agreed to buy Los Angeles-based Union Bank for about US$75O million from Brit-ish-owned Standard Chartered PLC. The move, announced earlier this week, ensures a strong US presence for the BankAgencies - 494 words
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Article, Illustration497 1988-02-19 5 FT THE BOARD of the World Bank would this week approve a plan for a US$75 billion boost to its capital base, the bank's president Barber Conable said on Tuesday. In Washington, Michel Camdessus, managing director of the InternationalFT - 497 words
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195 1988-02-19 5 AFP CHASE MANHATTAN BANK has sold its Paris office for "more than" 600 million French francs (US$lO3 million dollars) as part of a general retrenchment of its activities in France, sources close to the buyer said in Paris on Wednesday. Officials from the US-ownedAFP - 195 words
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Page 5 Advertisements
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Advertisement10 1988-02-19 5 M onagers ust anage BT shows you how every Monday.10 words
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Advertisement1016 1988-02-19 5 THE BANK OF EAST ASIA, LIMITED NOTICE SIXTY-NINTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN thai the Sixty-ninth Annual General Meeting of the member* of the Bank will be held in the Connaught Rooms. The Mandann Hotel. 5 Coo naught Road Hong Kong on Friday. 25th March. 1988 at 111,016 words
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Page 5 Miscellaneous
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Miscellaneous33 1988-02-19 5 wmn Moscow Nassau New Delhi New York Nicosia Oslo Paris Perth Rio 'Janeiro Rom* San Fris'co San Juan Santiago Sao Paulo Seoul Stockholm Sydney Taipei Tel Aviv Tokyo Toronto Vancouver Vienna Warsaw Washington33 words
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Miscellaneous72 1988-02-19 5 oonesbury PAPPY, IF YOU PIE FROM 381N040, UJOULP YOU 60 70HEAVEN? I HOPS SO, SON. ASHLEY O'HARA TOU? ME THAT HEAVEN IS WHERE ALL THE "M'YUTTLE \PONIES" UVE, ANP 7HATT YOU 6EJ <f ID STAY THERE FOREVER if? BY GARRY TRUDEAU HEAVEN IS SPEWING FOREVER WITH THOUSANDS OF LITTLE PINK72 words
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PERSPECTIVE
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Article504 1988-02-19 6 IT IS AN OFT REPEATED point which bears repeating: Singapore has only one natural resource its people. And if it isn't bad enough that that is all we have, we now find that there isn't that much to go around to meet the demand arising504 words
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989 1988-02-19 6 DENNIS SEE - By DENNIS SEE Manager, Private Banking Group, BANQUE INDOSUEZ A PERIOD of consolidation can be expected in the investment markets this year. Confidence is likely to remain low as a result of substantial losses incurred by investors in last October's major markets'989 words
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456 1988-02-19 6 HILL SAMUEL MERCHANT BANK ASIA - By HILL SAMUEL MERCHANT BANK ASIA FOLLOWING the global stock market panic in October last year, compounded further by a loss of confidence in the US dollar, most private investors probably feel insecure and demoralised in the current environment. Firstly, there lurks the456 words
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Article, Illustration1865 1988-02-19 6 ALAN JOHN HARGREAVES - By ALAN JOHN HARGREAVES i, Research Director, HOARE GOVETT SECURITIES THE OUTLOOK for the Year of the Dragon is mixed to say the least. While the fundamentals of the economy and the corporate sector remain in growth mode, there is no guarantee that this will1,865 words
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1053 1988-02-19 7 WARDLEY - By WARDLEY THE AUSPICIOUS OMENS of the new year should augur well for financial markets in 1986, the year of double prosperity and the eastern dragon representative of the spirits of change, of venture and good fortune. Given the difficult market1,053 words
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805 1988-02-19 7 DBS SECURITIES SINGAPORE THE PREVAILING mixed views on the fortunes that this dragon year will bring, appear to have affected the world s stock markets. However, we are cautiously optimistic about the local bourse, given a more positive post-crash economic scenario and barring unforeseen circumstances.DBS SECURITIES SINGAPORE - 805 words
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Article, Illustration1826 1988-02-19 7 K C TAN - By K C TAN Vice-President Institutional Sales, SUN HUNG KAI SECURITIES ONE EFFECT of the global stock market crash was a loss of confidence, wealth and capacity to raise capital. The markets became hypersensitive to economic, fiscal and monetary news. This market volatility has1,826 words
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Article897 1988-02-19 7 UOB SECURITIES A LOT MORE surprises await the stock market investor and punter in the Dragon year because the market is expected to be increasingly tricky and volatile. This means trading opportunities will abound for the daring speculator who is adept at stock selection. AUOB SECURITIES - 897 words
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559 1988-02-19 7 DONALD McLAY - By DONALD McLAY Managing Director, BAIN A CO SOME CONFIDENCE is coming back into financial markets, but investors are clearly still apprehensive about prospects for a second wave' fall in world share markets and about a significant slowing in the world economy in 1988559 words
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652 1988-02-19 7 LEE KEEN WHYE - By LEE KEEN WHYE Head of Research, KAY HIAN I BELIEVE we saw the bottom of the last market cycle when the Straits Times Industrial Index hit 700 in mid-December last year. In the short term, the Singapore stock market is likely to recover some652 words
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Page 6 Advertisements
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Advertisement136 1988-02-19 6 8 o fo/Y(7 fat/1/7// }/7//t I lie rest.uir.int with the exquisite Italian Ken.uss.tiKe. IK\ i >r. I( n >J. itie. Service. Kieli is .111 epieure.in ni.isterpieee. I >111\ (i \i i-pt Surui.n s) I2.CC pm to vCC pin .OCpin t< >II CC pin Reservations, ple.ise e.ill 7 33ClNSe\t SSI or136 words
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Advertisement96 1988-02-19 6 Last year's stock market crash not only took the wind out of many investors, it put a heavy dent in many coffers as well. With the onset of a new Lunar Year, there is no better time than the present to consider future Investment policy and to equip oneself for96 words
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SPORTS & LEISURE
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Article, Illustration428 1988-02-19 8 AFP PIRMIN ZURBRIGGEN showed he was human after all on Wednesday when he made the costliest error of his career. It lost him the men's combined title in Calgary, Canada, and the chance to become the first man in history to takeAFP - 428 words
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Article, Illustration146 1988-02-19 8 Reuter EDDIE "THE EAGLE" FEVER is sweeping Calgary, days after Britain's lone ski jumper finished a distant last in the Olympic 70metre event. Posters praising the intrepid Eddie Edwards have appeared all over the city and the jumper himself has been so deluged by mediaReuter - 146 words
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Article, Illustration282 1988-02-19 9 AFP UNDISPUTED world heavyweight boxing champion Mike Tyson arrived in Tokyo on Wednesday to prepare for the defence of his crown against fellow American Tony Tubbs at the new Tokyo Dome on March 21. Speaking to journalists at hisAFP - 282 words
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Article56 1988-02-19 9 AP FORMER heavyweight champion George Foreman. who rejected an earlier opponent will continue his comeback on March 19 when he fights Dwight Muhammad Qawi in a scheduled 10-round bout. Foreman, 40. will be seeking his eighth straight win since resuming his career last March after aAP - 56 words
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Article, Illustration524 1988-02-19 9 Mike Cashmore - HOMOKKET BUSHES* with Mike Cashmore HAVING RETURNED from a long Christmas and New Year vacation. I was faced with the daunting prospect of returning to my exercise schedule. Like the many who are resuming or starting a programme for the first time know, this524 words
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450 1988-02-19 9 WALTON MORAIS - By WALTON MORAIS WITH ENTRY to the Rolex Masters restricted to 12 local golfers, today s BP Circuit monthly golf tournament at Warren carries more significance than usual. At stake is a place in the $100,000 Rolex event which will go to450 words
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Article201 1988-02-19 9 AP WELSH GOLFER lan Woosnam has joined world No. 1 Greg Norman and Wimbledon tennis champion Pat Cash as a target for Australian anti-apartheid protesters, a spokeswoman in Melbourne said on Wednesday. Activists are planning a campaign against Woosnam. one of the stars of theAP - 201 words
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158 1988-02-19 9 Reuter TWO BLACK GOLFERS failed to tee off in the first round of a Sunshine Circuit golf tournament in South Africa on Wednesday following threats from radical black activists. Tournament officials said one of the golfers, Richard Mogoerane, pulled out after his wifeReuter - 158 words
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115 1988-02-19 9 AP IN SPITE OF playing with a woefully erratic serve, topseeded Boris Becker of West Germany defeated Sweden's Magnus Gustafsson 6-3, 6-3. in the second round of the Stella Artois indoor tennis tournament in Milan on Wednesday. Becker's serve let him down, asAP - 115 words
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Page 8 Advertisements
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Advertisement252 1988-02-19 8 coußyoislEß XO-Where to eat, drink... A symbol of vitality and strength. A year of good fortune, success and happiness Savour our good luck raw fish from Feb 18 to Mar 2, and get a hongbao of surprises as well as a chance to win over $1 million worth of prizes.252 words
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Advertisement222 1988-02-19 8 fashion show. Cj^oenin Fashion show! fashion show I Nofgrife > ana salads? (Please BARBEQUE 'N' FASHION SHOW, a double pleasure, by the POOLSIDE, food served 7pm 10pm showtime 8.15pm, every Friday. Select from: varieties of salad varieties of dressing varieties of vegetables varieties of meat varieties of seafood varieties of222 words
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Advertisement196 1988-02-19 8 ml THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet buffet luncheon at an ungourmet price' For starters take your pck of our cota dishes prawns on ice fresh oysters smoked salmon, melon ana dried ham vegetable temne mixed seafood salod cooked assorted vegetables and homemade dressings Select your196 words
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Advertisement248 1988-02-19 8 A great time with great people at Club 5. Enjoy an evening with the people who gave you the great hits of yesteryear. Familiar melodies that you can sing or dance to. Happy Hours: spm Bpm, Monday to Friday 1 1 for drinks by the glass and a free pint248 words
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Advertisement101 1988-02-19 8 333 Orchard Road. Singapore 0923. Tct 737 4411. PENINSULA HOTfi (Level 5) here the service is i the ambience great, food simply marvelkxlH Every Saturday of February, Lunar |j| if j:nii Lunch with glamorous fashion show by John Robert Powers. I m We've alot in store mm V" 3 Caleman101 words
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Page 9 Advertisements
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Advertisement606 1988-02-19 9 :<?][!]}=`!([/)?}{&<|$~|+{+|>`@ TANTALISING T-BONE STEAK AT ONLY $22.50 You'll be delighted at what we're offering for dinner during the month of February US Prime T-Bone Steak. Carefuly chosen from the best US Prime Beef and grilled to a sizzling perfection, served with a baked Idaho Potato and a Caesar Satod Complemented606 words
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Advertisement9 1988-02-19 9 IF IT COMES WITH CHOPSTICKS. IT GOES WITH DYNASTY.9 words
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Page 9 Miscellaneous
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Miscellaneous25 1988-02-19 9 Bri BRISTOU) HOCJ DID VOU COmF. TO G£.T Tp GeT TMiS JQ6 ik( THC. PLRC£?> r ON€imOKNIMG I GOT OUT CF BGP ow "we. side25 words
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REGIONAL MARKETS
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Article, Illustration1247 1988-02-19 10 Deal adds up to US$l billion NYT MARKING what analysts described as the largest investment by a Japanese company in an American manufacturing concern, the Firestone Tire and Rubber Company said on Tuesday that it had preliminarily agreed to sell 75 per cent of itsNYT - 1,247 words
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200 1988-02-19 10 UPI AIDED by brisk domestic demand, Sony Corp has said that its profits for th« quarter ended last Dec 31 more than doubled over a year ago. The major Japanese electric and alectronics equipment manufacturer said on Wednesday consolidated net sales hit aUPI - 200 words
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547 1988-02-19 10 NYT SONY Corp may have lost the battle for supremacy in the consumer market for videocassette recorders (VCRs), but its Beta-format camcorders and VCR editing systems are dominating the professional broadcasting market. The world market for professional-use camcorder systems, which usually include several of theNYT - 547 words
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Article440 1988-02-19 10 Reuter SHARE PRICES on the Tokyo market surged to close the sixth consecutive session higher yesterday aa powerful trust funds and other instltutional Inveatora entered the market after being mostly abeent this year. The Nikkei Index spurted 245.41 points, or one per cent to 24,675.36. On Wednaaday it roeeReuter - 440 words
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Article372 1988-02-19 10 Reuter THE Australian share market doeed higher yeeterday, recording its sixth succeeslve gain, as recent poeitive news from home and abroad maintained Investor confidence. By the cloee, the All Ordinariee was 11.7 points higher at 1,243.7, but prices were an hour behind due to computer problems. The Qold MarkerReuter - 372 words
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Article153 1988-02-19 10 Reuter THE SECURITIES Exchange of Thailand Index roee 7.21 to 347.04 yesterday on a turnover of 7,305,474 eheree worth 073.52 million beht. PU 1« BAHT Ao Kham Thai Tit 19 1 Ml 10 Bangkok Agro-lnd 92 ♦B Bangkok Bank. Bank 01 Ayudhya Charoong Thai Wtn A CM 333 330Reuter - 153 words
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Article80 1988-02-19 10 FCT 1« moi Mircow<f.«.....« Acof« MJrung Oriental B nili| 0 042 0 042 unch 0.023 PMlax B 0 39 Ap*x Mining B 0 030 -0 001 Ptoop B Aflat Con i 24 30 •1 3 PLOT 147 B*ou4n Qotd San Miguat B Baafcont 133 0 024 unch -0.001 Btstc80 words
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97 1988-02-19 10 Reuter WHEELOCK Mardsn snd Co Ltd. wholly owned by World International (Holdinge) Ltd. hes said it would ssll its Jspaneee trading arm to a company controlled by Sir Y K Pao. major shsreholder of World Internstionsl. It is selling its 90 per cent staksReuter - 97 words
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72 1988-02-19 10 Reuter THE Jspsnsse Finence Ministry plsns to consult securities housee snd institutions! invsstors st ths snd of Msrch sbout ths next ssle of Nippon Telegraph and Telephone Corp shsres to the public, s min- istry officisl said. Discussions will centre on when sndReuter - 72 words
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237 1988-02-19 10 AP AFP PARK LANE Hotels International Ltd announced yesterday that it had purchased the 500-room Churchill Hotel in London for about HKSI.S billion. The hotel, purchased from International Realty Investment Group of Kuwait was the largest single property investment by a HongkongAP; AFP - 237 words
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181 1988-02-19 10 Reuter GENERAL Motors of Canada Ltd and Ford Motor Co of Canada Ltd ara unfairly using the court system in an attempt to keep Hyundai Motor Co out of the marketplace, a lawyer for the South Korean car maker has said. "We regard this caseReuter - 181 words
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Article208 1988-02-19 10 Reuter AMERICAN investors should learn a lesson from their Japaneae counterparts and keep cool when the market starts to fall, US Securities and Exchange Commission (SEC) Chairman David Ruder said yesterday. "In my opinion, one of the primary causes of the (October 1987) market breakReuter - 208 words
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105 1988-02-19 10 AP KOREA Steel Pipe Co Ltd has said in Seoul that it is discussing a joint venture with China to build and operate a steel pipe plant in Shandong province. Although Seoul has no diplomatic relations with communist countries, South Korean businesses areAP - 105 words
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Page 10 Advertisements
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Advertisement299 1988-02-19 10 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP. 90 AND IN THE MATTER OF MUTUAL HOLIDAYS (PTE) LTD (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP (Pursuant to Section 29CK2Xb) At an Extraordinary General Meeting of the Company held at 135 Cecil Street #14-03 LKN Building, Singapore 0106 on the299 words
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Advertisement287 1988-02-19 10 THE COMPANIES ACT, CAP. 50 Tlijivlvl Ssl T f.iTltX'f T»J. (SINGAPORE) PTE LTD On Masters' Voluntary Liquidation) SPECIAL RESOLUTION Pined mi the 8 day of February IMS At an Extraordinary General Meeting of the company held at 4 Raffles Quay #03-00, Plnlayson House, Singapore 0104 on 2 February IMB, the287 words
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Advertisement10 1988-02-19 10 Mart alt In KL, HK and Talpal wara doaad yaatarday.10 words
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Advertisement278 1988-02-19 10 IT'S ABOUT TIME Given its central location, Singapore is now the courier hub of the Asean region. But the Republic has the potential to join the ranks of big courier service centres such as London, Schipol, Hongkong and Tokyo. It can be a link between the East and West. The278 words
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WORLD MARKETS
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Article973 1988-02-19 11 New York Reuter WALL STREET closed lower on Wednesday amid a late round of prof-it-taking that took the steam out of a market that had gained more than 110 points in the last five sessions. The decline occurred as investors continue to deal with their concernsReuter - 973 words
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916 1988-02-19 11 London Reuter SHARE PRICES on the London market were narrowly lower at the opening in thin trading yesterday, dealers said. The recent cautious trend continues ahead of yesterday's UK money supply and bank lending data for January due at 1130 GMT. The data willReuter - 916 words
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Article869 1988-02-19 11 Selected indices HONGKONG Hongkong Index Thurcdoy Closed Wednesday Closed Week ago 1.474 76 All Industrial] Thursday Wednesday Week ogo NEW YORK 1.991 4 1.977.6 1.9396 Hang Seng Index Thursday Closed Wednesday Closed Week ogo 2.256 46 Dow Jones Wednesday Tuesday Week ogo 2.***** 2.***** 1.***** TOKYO Nikkei Average Thursday 24,*****869 words
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Article318 1988-02-19 11 Reuter LONDON'S International Stock Exchange said after discussions with its Investors Advisory Group that the exchange's increased contract levy on most share transactions would have to be retained for the time being. Further meetings will seek a possible alternative to the charge. The stock exchangeReuter - 318 words
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Article, Illustration360 1988-02-19 11 Final agreement expected within a month IHT SAUDI ARABIA plans to buy about a SO per cent stake in Texaco Inc's extensive US refining operations along the Gulf of Mexico for more than US$l billion, industry sources said. The move, if completed, wouldIHT - 360 words
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625 1988-02-19 11 FT THE OUTCOME of the takeover battle between Birmid Qualcast, the home products group, and cement company Blue Circle, one of the cloeest bid contests in UK corporate history, was on Wednesday night thrown into confusion after the UK Takeover Panel orderedFT - 625 words
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343 1988-02-19 11 NYT TANDEM COMPUTERS Inc has agreed to acquire UngermannBass Inc, a leading maker of local area networks, for approximately US$26O million. After the merger, announced on Tuesday, Ungermann-Bass will operate as an independent division of Tandem, which is based in Cupertino. California. Ralph Ungermann,NYT - 343 words
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191 1988-02-19 11 AFP THE BELEAGUERED Australian media group John Fairfax Ltd resolved its battle for editorial control yesterday and ruled out British press baron Robert Maxwell as an acceptable buyer of any of its assets. Chris Anderson, who resigned last week as editor-in-chief of the FairfaxAFP - 191 words
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353 1988-02-19 11 NYT THE CAMPEAU Corp again sweetened its bid for Federated Department Stores Inc on Tuesday. The offer was raised by US$5 a share, to US$66 in cash, or a total of US$5.7 billion. The Campeau proposal was presented along with details of its financingNYT - 353 words
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203 1988-02-19 11 AFP FRAMATOME, the nuclear power unit of France's giant Compagnie Generate d'Electricite (CQE), on Tuesday made a 2.85 billion tranc (US$49O million) bid for control of the Telemecanique company, the world's third-larg-est maker of parts for factory control systems. The Framatome bid, which was approvedAFP - 203 words
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323 1988-02-19 11 Johnson Johnson to buy Playtex unit NYT JOHNSON Johnson and Playtex Holdings Inc have announced that they had reached an agreement in principle for the big health care company to buy Playtex Family Products Inc for US$726 million. The Playtex Holdings subsidiary makes tampons, disposable baby bottles, rubber gloves andNYT - 323 words
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Page 11 Advertisements
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Advertisement9 1988-02-19 11 Zurich, Stockholm and Vlanna prtcaa wara not avallabJa I9 words
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410 1988-02-19 12 LEE HAN SHIH - October crash boosted earnings in fourth quarter By LEE HAN SHIH HELPED BY the October crash, the ancient trade of pawnbroking chalked up yet another year of healthy growth in 1987. A record $1.17 billion changed hands at pawnshops in 1987. This was up410 words
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280 1988-02-19 12 Reuter INDIA'S economic growth slowed to 4.0 per cent in 1986/87 on lower agricultural production. According to provisional figures of the national accounts released by the Central Statistical Organisation (CSO), growth in Gross Domestic Product (GDP) was down from 4.8 per cent inReuter - 280 words
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180 1988-02-19 12 Reuter THAILAND and Laos signed a ceasefire pact in Bangkok on Wednesday to end six months of bitter fighting over a small section of their border, a top Laotian official said. Laotian Chief of Staff General Sisavat Keobounphan told reporters after signing the agreementReuter - 180 words
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Article, Illustration160 1988-02-19 12 IN THE TURKISH countryside, away from the polluted air of Istanbul, one could muse on anything and everything. There are no barriers of such fire-kindling issues as race or religion; no threats to life or limb from rude strangers; no need, indeed, to plan any strategy for160 words
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165 1988-02-19 12 AFP INDONESIA'S armed forces chief General Benny Murdani has said the government will not hesitate to crack down on disturbances during next month's general assembly to elect a president, the Indonesian press said yesterday. Repressive action, if any, should not "confuse the calm and orderly atmosphereAFP - 165 words
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Article142 1988-02-19 12 NYT THE US GOVERNMENT released two reports on Wednesday that indicated the economy would continue to expand, though at a sluggish pace. Economists said the reports, on home building and industrial production, also provided further evidence that the growth in export business by theNYT - 142 words
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175 1988-02-19 12 AFP INDONESIA will not normalise relations with China until Beijing has admitted and apologised for involvement in a 1965 coup attempt in Indonesia. Indonesia's intelligence chief said yesterday. "This is a principle issue that has to be resolved, that China has to sayAFP - 175 words
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265 1988-02-19 12 UPI PRESIDENT REAGAN, sending Congress a US$l.l trillion budget proposal yesterday, is asking legislators to go along with prescribed tax increases and spending cuts and to add provisions scrapping several domestic programmes. The plan, which sets forth spending recommendations for fiscal 1989,UPI - 265 words
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Article127 1988-02-19 12 UPI HOUSE AND SENATE negotiators in Washington began work on Wednesday on a sweeping compromise trade bill to open foreign markets to American products and avert an economic crisis. The bill is also intended to make US exports more competitive and protect those industriesUPI - 127 words
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270 1988-02-19 12 AFP SOUTH KOREA will open its markets wider and ease foreign exchange controls to curb its bulging payments surplus and head off friction with Its trading partners. Economic Planning Board (EPB) officials said on Wednesday a package of measures would take effect on AprilAFP - 270 words
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543 1988-02-19 12 Bernama THE Umno (Baru) pro torn committee will have its first meeting next month after Prime Minister Datuk Seri Dr Mahathir Mohamad. who is the party's pro tem president, returns from a visit to Thailand and Burma. Stating thisBernama - 543 words
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256 1988-02-19 12 Reuter THE NEED to make provision against doubtful Third World debt sent Midland Bank PLC, Britain's third largest bank, nearly US$9OO million into the red in 1967. Several bank analysts said they thought it was the first big British commercial bank toReuter - 256 words
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Article97 1988-02-19 12 Reuter COMEX gold futures popped up to new highs early yesterday since beginning a recovery from last week's reaction lows, buoyed by dollar-related buying. April gold gained US$2.2O at U*****.40 an ounce, which was the strongest price since coming out of a low last Friday ofReuter - 97 words
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186 1988-02-19 12 AFP WEST GERMAN Economic Minister Martin Bangemann has said that the European Community market should remain open to Asean member countries. Speaking at a press conference in Manila after arriving on Wednesday for a two-day visit, Mr Bangemann said that "access toAFP - 186 words
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Article132 1988-02-19 12 Reuter WEST GERMAN Economic Minister Martin Bangemann has urged the Philippines to ease its 40 per cent ceiling on foreign investment in order to compete globally for investors. "You have to change," he said at a meeting of European and Filipino businessmen in Manila yesterday.Reuter - 132 words
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246 1988-02-19 12 Agencies PHILIPPINE Defence Secretary Fidel Ramos said yesterday that the military had dropped the idea of a stringent Internal Security Act after an outcry over the proposal. The retired general told a Senate Defence Committee hearing that military officials had studied the feasibilityAgencies - 246 words
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LATE FILE
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Article67 1988-02-19 12 NYT JAPAN will cooperate with South Korea in the creation of a "wiaa men'e group" that will attampt to raaolva problems between the countries and prevent new ones from appearing. Sources in Tokyo said Japan's decision would be conveyed by Prime Ministar Noboru Takeshita whenNYT - 67 words
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Article60 1988-02-19 12 Reuter BRITISH Ford Company workers voted yesterday on a two-year pay deal that could end a cost I y 10-day atrike and set an important industrial wege precedent et e time of mounting labour unreat. Early reeulta of balloting showed aseembiy line workera votingReuter - 60 words
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Article35 1988-02-19 12 UPI PHILIPPINE President Corazon Aquino, epeaking at an international conference in Manila on constitutional principies, yesterday promieed to work with the country's top judges to revamp the judicial system. UPIUPI - 35 words
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Article48 1988-02-19 12 NYT LICK) GELLI, a financier accused of masterminding a wab of criminal and political conapiraciaa involving many of the moat powarful man in Italy, has baan axtraditad from Switzariand, officiate in Roma said. Ha has baan on tha run from Italian juatica since 1981. NYTNYT - 48 words
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Article55 1988-02-19 12 AP US VICE-PRESIDENT Gaorga Bush will continue to ba on tha offanaiva In his campaign for tha preeidential nomination, a tactic hia adviaers faal won him tha New Hampshire primary. Ha ia expected to go on attacking rival Senator Bob Dole for poeitiona on iesues fromAP - 55 words
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Article38 1988-02-19 12 AP ANTHONY McLEOD Kennedy joined the US Supreme Court yesterday aa its 104 th justice, bringing a crucial tie-break-ing vote to a court hampered by a vacancy for the pest eight months. APAP - 38 words
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Article56 1988-02-19 12 AP THE BRITISH GOVERNMENT has spent more than £3 million in its court battles to block the publication of Spycatcher, the memoirs of a former intelligence officer, a British legal magazine reported yesterday. That's more than five times the government's estimate of £575,000 provided to theAP - 56 words
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Page 12 Advertisements
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Advertisement60 1988-02-19 12 wm s V Your family's happiness in Singapore will be determined by the environment in which they live. That's why you owe it to yourself to check out Ardmore Park. School buses call at the gate... there is aerobics, squash, tennis, swimming, chip and putt and special interest classes for60 words
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SHIPPING TIMES
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118 1988-02-19 13 AFP JAPANESE shipbuilders will apply for an extension of their anti-depression cartel for another year from April 1 to limit production. Kenji Hasegawa, chairman of the Japan Shipbuilders' Association, said the association would soon file with the Fair Trade Commission, Japan's an-ti-monopoly watchdogAFP - 118 words
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372 1988-02-19 13 G DURAIRAJ - By G DURAIRAJ KUANTAN PORT has registered a commendable 49 per cent increase in its throughput last year totalling 1.4 million tonnes compared with 934,952 tonnes in 1986. The port, located along the eastern seaboard of Peninsular Malaysia, witnessed hefty increases in several372 words
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189 1988-02-19 13 JARDINE Surveying Services (JSS) will be setting up a new office at Port Klang on March 1, in the first phase of its expansion into Malaysia. The company has plans to eetablish other offices at Penang and Pasir Gudang by the189 words
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214 1988-02-19 13 Seatrade Week A NEW proposal that would split the US-flag liner fleet into two groups one that received operating subsidy and one that did not is being studied by the Shipbuilders' Council of America. In an effort to move along the operatingSeatrade Week - 214 words
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PORTSIDES
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Article93 1988-02-19 13 AFP JAPAN'S Maritime Self-Defence Force (MSDF) has taken delivery of a new submarine, the 27th sub built by Japan since the end of the World War 11. the defence agency said. The 2.250-ton Sschishio was built at a cost of 32 billion yen (US$246 million) atAFP - 93 words
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Article32 1988-02-19 13 Reuter THE EUROPE South and South-East African Shipping Conference said it revised its currency adjustment factor (CAF) to 18.90 per cent from 22.49 per cent, effective March 1. ReuterReuter - 32 words
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Article163 1988-02-19 14 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): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd163 words
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127 1988-02-19 14 Reuter NEW FOREIGN shipbuilding orders received by Japanese yards in January fell to six ships totalling 101,300 gross registered tonnes (grt) from 21 ships of 357.378 grt in December, the Japan Ship Exporters' Association said. January orders, the lowest in fiscal 1987Reuter - 127 words
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1598 1988-02-19 14 Lloyd's Shipping Economist SINCE ITS FORMATION 10 years ago, Hanjin Container Lines, part of the Seoul-based Hanjin group, has grown to become South Korea's premier container ship operating company. Currently. Hanjin operates 14 fully cellular vessels totalling 26,452 TEU. All butLloyd's Shipping Economist - 1,598 words
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Article1017 1988-02-19 14 At Shpg V 5 AtC Contoma' VM 1 Accord Shpg VI 3 Ahrankial Unar 3 Alrico Ocaon KM 2 Alltrons V* 3 AC Toap*a' a 5 American Tpt n 4/5 Anro Sarvica IV 2/3 Arrow Linns IX 5 Aiion Ocaon XI 4 Altos Una 1 s ANl1,017 words
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Article, Illustration112 1988-02-19 14 HONGKONG International Terminals, a subsidiary of Hutchison Whampoa, took delivery of six new rubber-tyred gantry cranes on Feb 10. The cranes arrived from Japan on Feb 9 and were unloaded at Terminal 4 the following day. Manufactured by Sumitomo Heavy Industries,112 words
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650 1988-02-19 15 EXPORTERS and the Bangkok Shipowners and Agents Association have agreed to fight the Port Authority of Thailand s decision jointly to allow a private firm to monopolise crane services for about 300 days, said the Bangkok Post. Conflict over the controversial service, which650 words
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Article, Illustration76 1988-02-19 15 EVERGREEN LINES is now offering European customers a regular service to and from India, using the ports of Bombay and Madras. Shipment is effected via Evergreen's regular North European ports of call, using the line's round-the-world linehaul vessels. Containers are transhipped at76 words
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190 1988-02-19 15 KINGSLEY WOOD - From KINGSLEY WOOD AUSTRALIAN STATE Transport Minister Roy Abbott has denied opposition claims that Port Adelaide freight charges are higher than those of Sydney and Melbourne. Federal transport spokesman Mr Julian Beale also alleged that idle time for men and machinery190 words
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90 1988-02-19 15 Reuter A SALVAGE expert has inspected a crippled ferry hired by a Palestinian Liberation Organisation as its "ship of return" to Israel. The expert, Antonis Naxakis from Greece, said on board the 6,151ton Sol Phryne that damage caused by an explo- sion on MondayReuter - 90 words
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Article140 1988-02-19 15 Feb 22-25 Insurance solvency assessment. Insurance Reinsurance Research Group course, The Gloucester Hotel, Harrington Gardens, London SW7. March 22-24 NAV 88 Conference. The theme will be Radionav 2000 a European Dimension. The advent of longer range systems, changes in trading patterns have caused a major re-exami-nation of the140 words
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8637 1988-02-19 20 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 of8,637 words
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Article1042 1988-02-19 21 AFTER this week's brief hesitation, dry cargo charter rate potential continued to harden on Wednesday on the London shipping freights market. The most noticeable rise was in the US North Pacific grain-loading area, where Dreyfus reportedly paid a very firm US$l5 (fio) for a Korean vessel to work1,042 words
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Article1034 1988-02-19 21 AT CONVENTIONAL WHARVES VhmI Berth Arrtval Dopcrtun KEPPEL WHARVES Bangkok Navee K35 alongside 2002/0600 Boogabila K09 alongside 2202/0600 Bum Hon K30 alongside 18.02/1700 Kris Melela K24E alongside 19 02/2300 Ma to ram KI5 olongside 2002/0600 Ned leuve K18 alongside 19.02/0600 Rajah Brooke K25W alongside 20 02/2300 Tomoh1,034 words
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Article2054 1988-02-19 22 A B AB Shipping Boustead Shpg AgenckM. ABC Containeriine NV S pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Linee Sea I ion Shpg (S). Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceanus Shipping Agenciee (S) Mufti port Sdn Bhd (PK). Alltrene Alltrane2,054 words
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Article132 1988-02-19 23 Area/Port Viscosity Density Water CST at 50C G/ML at 15C Volume 0/0 Africa/Red Sea Jeddoh 111/180 0.948/0.979 0.2/0.8 Durban 149/164 0.988/0.993 0.1/0.2 Arabian Gulf Ras Tanura 183/229 0.968/0.972 0.0/0.3 Bahrain 109/109 0.966/0.966 0.2/0.2 Europe Rotterdam 29/502 0.959/1.002 0.0/1.4 Hamburg 31/394 0.940/0.990 0.0/0.4 Le Havre 25/367 0.923/0.989132 words
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500 1988-02-19 24 AP IRAN, reacting to a Pentagon announcement confirming a previously-disclosed cutback in US naval forces in the region, said the decision represented a defeat for American "militaristic policy." At a news conference, US Assistant Defence Secretary Richard Armitage confirmed that theAP - 500 words
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257 1988-02-19 24 Kingsley Wood - From Kingsley Wood PORT KEMBLA is looking at the viability of investing in container handling equipment with the aim of attracting shipping from the overcrowded berths of Sydney and Port Botany, 81km to the north. Kembla is currently an industrial port serving the BHP .steel257 words
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Page 13 Advertisements
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Advertisement857 1988-02-19 13 y TIMES i STP Distributors Times PuMs/iinf Croup OOCL Orient Oveiqeas C**tcim\ Line NORTH AMERICA ATLANTIC EXPRESS (ROUND-THE WORLD ROUTING' WW/ jXItMNC SWPfIHC AGENCIES (Rag. No. MM4IJOOK 200 Cantonmnt Road #12 05 Souttipowt. Smpport 0201 Td 221 mi TELEX NO IB 2(179 TERMINAL/CFS Til *****11 220 BOOKINGS Td *****34 23S857 words
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Advertisement113 1988-02-19 13 mm SINCE ITS FORMATION 10 yeors ago, Hanjln Container Linos, part of the Sooul-basod Hanjin group, has grown to become South Korea's premier container ship operating company. Page H EXPORTERS and the Bangkok Shipowners and Agents Association have agreed to fight the Port Authority of Thailand's decision }ointly to allow113 words
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Advertisement740 1988-02-19 13 slN^ lpd# TIMES •cor STP Distributors MAERSK LINE Tlwa mt Luna M Ckwng T«na CY 24/2 2300 MRS CFS 24/2 1300 MRS LUNA M. ARTHUR M M ROTTERDAM H0« LAUST M (KM To Furopr UK Scandma* a Finland □*****1 TH» ••M Luna M Ooamo Tana CY 24/2 2300 MRS CFS740 words
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Page 14 Advertisements
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Advertisement638 1988-02-19 14 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST. DUBLIN. COPENHAGEN. AARHUS, GOTHENBURG. MALMO, HELSINKI. OSLO. AMSTEROAM, CARIBBEAN t S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT KOWIOON BAY THAMES MARU FRANFURT EXPRESS BENAVON OSAKA BAY KITAMO MARU LARGS BAY HONGKONG EXPRESS BREMER- ROAM/ SOUTH- KAOVOY638 words
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Advertisement19 1988-02-19 14 Lines and services represented by Members of the Registry of Accredited {sff§B Shipping Agents. Singapore National VV&rtfir Shipping Association.19 words
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Advertisement397 1988-02-19 14 CHA RGEURS RE UN IS f' m 41Bg<ZiUiiL =U 1K: 3 4; IY»' A hi'.'; a; 1! ALTAI BAKU C« DOUALA SPOtE LA-REUNION m na to TO MAunmut. umnm. i P.NOMC P C£MTIUUBftEVIU.E OOUAU CO.«MK>U LOME i* Ufi W N(.APOOf JUiP'f S ,2^1*14 1 a i ;?ss*si Spare h* SAN397 words
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Page 15 Advertisements
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Advertisement891 1988-02-19 15 wMam The Straits WSMM Steamship Group Mansfield Container Shipping Re Ltd PS&O Containers K«KI:;I>.I X'lAitmur tW Ai; aTTfr w un iw aw iMi vm XII M H u Km w ww mm am lvw is* vm u* am am mm mm am mis mis vis Also Accepting Cargo For: HMturf891 words
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Advertisement634 1988-02-19 15 CSAV iSudArrrrtcarjdoVapcrcsSA TO/FROM FUKR VESSEL S PORE BOTHER VESSEL M ARICA tQQ ANTOT VALP SAI CUV 1 10 A VESSEL I«1 ID «S Vi CSAV 1 *3 CAR CARRIER SM 2M CSAV lu. irca? im «k u/s life CARGO FOR PUNTA ARENAS. TALCAMUANO W (SAN VICENTE) ACCEPTED WITH T/S VIA634 words
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Page 16 Advertisements
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Advertisement348 1988-02-19 16 MSI NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE Singapore Loading for:29/2 BANDAR ABBAS (2nd call) IRAN SHOJAAT KYOWAI KYOWA LINE Singapore Loading for: URANIA 4 27/2 JAVA, LAE, HRA, TLG, LTK, MALAU MICRONESIA SERVICE SPORE PK LOAD FOR A VESSEL 25/2 27/2 SAIPAN, GUAM, TRUK,348 words
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Advertisement695 1988-02-19 16 KSlime km* C**m*rmm FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ Mfmbff ol the Ace Consoflmm ACE CONCORD 13W ORIENTAL CHIEF SM NEPTUNE DIAMOND 74W KOREAN JACEWON 62W NEPTUNE CRYSTAL 44W CHINA CONTAINER 44W HONGKONG CONTAINER FROM ['JROPE VIA SUfV B A Member ol the Ace Consorts Mil I CONTAIN! RISE695 words
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Advertisement280 1988-02-19 16 f/A f FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CHITTAGONG: SAILING 22/2 27/2 FOR: PORTO, LISBON, ORAN, BILBAO MADRID. MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER A ISTANBUL U.S.A. PORT MORESBY, RABUAL, LAE KIETA, MADANG A KIMBE NOUMEA SUVA/LAUTOKA 8/3 8/3 NEW ZEALAND AUCKLANO.280 words
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Advertisement1335 1988-02-19 16 3 EVERGREEN Full Connmet Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GREET lljt W W SB 1/1 VI 1/3 2V3 EVER GLOBE 1/3 7/1 t/3 11/3 14/3 11/3 17/3 V EVE* GENTLE »/3 13/3 15/3 17/3 20/3 22/3 Z3/3 11/4 EVER GENTRY 17/3 21/3 23/3 2V3 21/3 3*3 31/3 11* EVER1,335 words
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Page 17 Advertisements
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Advertisement623 1988-02-19 17 PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE SIN SBV SMG SIN 7/3 10/3 12/3 IS/3 SLO OMIT 20/2 23/2 22/2 2S/2 27/2 1/3 20/2 3/3 5/3 0/3 VESSEL VOY SEA FORTUNE INTEGRA SEA623 words
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Advertisement234 1988-02-19 17 >&NORBUL a NORBULK CARGO SERVICES LTD. REGULAR CONVENTIONAL SPORE MARATHON UNITED AGENC> PTE LTD TEL KL PK S P YEO SHPG TRDG KL '8.T044 PK J6BBlOl PENANG TANJONG MARINE SDN BHD TEL *****5 SABAH TRANSPAC KK TEL ***** *****8 BREAKBULK SERVICE TO EUROPE/UK S pore P.Kelang Loading For MONTANA V234 words
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Advertisement613 1988-02-19 17 \rm I BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT Tdw Lifrau UrpM Hm*«| Liprtw 1M w 2M W *4 IV« 2W 2M VS 12/5 I'HAVM ROM HAVRI 17/1 11/3 I*l ■o 40 110 w OH 1M M/J 110 170 22/4 2M 70 Mrt w MA ao an w i*613 words
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Advertisement671 1988-02-19 17 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESOII LLOYD P.T. BAMBDCRA jjgjjjgjß e P.T. TRftORA LLOYD f EXPRESS SEMI CONTAINERSHIP SERVICES i VSL/VOY S PORE BILBAO ANTWERP H BURG/ ROAM/ADAM BREMEN PALEMBANG/SWB 24-26/2 30/3 2/4 GANDA BHAKTI/20WB 12-14/3 IS/4 18/4 21/4 S. PANJANG 18WB 23-25/3 25/4 2S/4671 words
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Advertisement503 1988-02-19 17 i BOUSTEAD SHIPPING AGENCIES I BURMA FIVE STAR (Burmese National Line) S'pore NTONEYWA V232W 22/24 Feb PA AN Vl2l* 22/24 Fab AVA mm 21/25 Ft* PAGAN VI2SW 3/5 Mar Loading for Rangoon -I j P.Kelang Penang Bangkok I Z A" 17/22 Feb^l BANK LINE I-CONTAINER SERVICE NORTHBOUND TO UKC FORTHBANK503 words
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Page 18 Advertisements
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Advertisement1293 1988-02-19 18 flTLflrmC CDfIST (Round-The-World Service) •PK/PNG SPORE LB CHLS NFK NYC HFX NEPTUNE GARNET Vl3 20 Feb 25 Feb 19 Mar 29 Mar 31 Mar 2 Apr (Apr ORIENTAL FREEDOM VU 28 Feb 3 Mar Mar 5 Apr 7 Ape 9 Apr 13 Apr ORIENTAL FAITH V 7 2 Apr 121,293 words
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Advertisement739 1988-02-19 18 'M INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Sinpporf P ftttanf Psnans Lo Mo»>«r Vsl Br '"Of By Fssdsr THEOOOR FONTANE V ISM S O NAGALANO VMM INDIAN COURIER V 2*l THEOOOR FONTANE V 1«N S O TRIPURA VMH INDIAN COURIER V 30N THEOOOR FONTANE V 17N RAVIDAS V J*739 words
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Advertisement546 1988-02-19 18 GOLDEN LINE SfcV GUM GUAM SUPPING (PTE) LTD NXs 1 n. Ttiok *rw str»«< SINGAPORE 01M TEL: SJ4J* CM LINtS) Far SMI» STRAITS/PERSIAN GULF SERVICE: GOLDEN HAVEN Cotomte/KaradN/Outw COL DEN LANO Cotombo/KaradM/Dubai CHINA SERVICE A VESSEL Shanjhai/Hsmliant S pore P Ketone Pcnm 2S/2I Fob 12/14 Mar CHINA OCEAN SHIPPING CO.,546 words
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Advertisement500 1988-02-19 18 PHILI Oni€NT UN€5 PTC LTD M£AD OFFICE 63 ROB KSON ROAD -07 12 AFRO AS;A B.UHDING SINGAPORE 0106 TELEX RS ***** PHIII FA* P2556/6 EAST/FAR EAST LOW. F STOWE. S TON, TILBURY. ABERDEEN tl KVE. H BURG. R MM. GENOA. ANTWERP AND ALL MLANO USA SERVICE S GOLUBKINA ISTANBUL MERSIN.500 words
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Page 19 Advertisements
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Advertisement893 1988-02-19 19 Vi NEPTUNE ORIENT LINES LTD Pwun NEPL,NE SON BHO a JBahru NEPLINE SDN BHD ZM FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A mtmbw of th« ACE Consortium NEPTUNE AGENCIES PTE. LTD. Ft EU/AUST TPA/SCA Terminal CFS BOOKINGS: *****5J *****42 221X2 2Z***** 2790U9 27*14 77*111 ***** M NEPLINE SON BHD. MH INWARD/OUTWARD893 words
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Advertisement375 1988-02-19 19 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN, INCHON #No i Oonjm/MIN •Gloria/WN No 7 Donam/M2N No Donam/IO?N No I Donam/IKN No Donam/M2N ETD BS KICK SPORE PKELANC BUSAN OWB IMB In Port 22-24/02 05-01/03 17* 02/ 12/ OMB 21/ 22« 25-2 MO 27-27/B2 10-11/B375 words
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Advertisement608 1988-02-19 19 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 ***** BCMiMr f PENANG M/s HANDLING SYSTEM CO SON BHD MESSRS HAI TNOMC SHIPPING 127 Penary Street P«n608 words
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Advertisement15 1988-02-19 19 KdliU ft 4 <3 MADJU SENDIRIAN BERHAD 20-12 Tong Eng Building Singapore 0106 Tel *****8/15 words
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Page 20 Advertisements
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Advertisement355 1988-02-19 20 I SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 22b6868 .30 L.nes> FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE "VIA COLOMBO: Accepting cargo tor INOIA Bombay. Cochin, Madras i Calcutta •"VIA LARNACA: Accepting cargo for Lattakia, Piraeus. Thessakmiki,355 words
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Page 20 Miscellaneous
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Miscellaneous196 1988-02-19 20 Yd Regional Weather <T7l St N kx I i m Va fct t 3 232 cv IS 27 rf" m n r?*» -S te lv LLlt In SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed in knots Wove height LEGEND R Thunderstorm Temperature c196 words
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Page 21 Advertisements
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Advertisement931 1988-02-19 21 \\csp\ CSP SHIPPING AGENCIES PTE. LTD. Tel: *****66 (16 Lines) Fa* *****15 FIXED CON r CL/LCL TO: CHINA, HONG KONG. BANGKOK, P.KHJUK, KEELUNG, KAOSHHMG, MANILA, BUSAN, TOKYO/YOKOHAMA KOBE, OSAKA, JAKARTA, L MALAYSIA ALL EUROPE BASE PORTS ALL USA PORTS Also accepts to ottwr destinations. ACCEPTING FCL/LCL AND CONVENTIONAL: P.Kelang: 20/2931 words
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Advertisement257 1988-02-19 21 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. EC IRAQI LINE IRAQI ST*T| (NKRPRISf «0» ARIT TRANS'O«T EAST BOUNO SERVICE ETA S'PORE LOADING FOR ALFARABI 2S/2 iapM W SIN MAO m item WEST BOUNO SERVICE ETA S PORE LOADING FOR W ALFARABI 25/3 MM, A^ta. THROUGH B/U to BAGHDAD UPON REQUEST ALSO257 words
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Page 22 Advertisements
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Advertisement575 1988-02-19 22 I INK I I NIK SUII'I'I I'll III) TTTWST 11 i ll '.I 7^ i ll ii |"Q out »u in mi nr im w WlUlMUflUflMfllMlW 52 22 25 S1 S! SB an aa va aa bij aa m ma.* J TATSUMI MARINE CO. LTD. JAPAN DIRECT SAILING TO PAPUA575 words
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Advertisement295 1988-02-19 22 ZIM FULL CONTAINER SERVICE acta*** FCt/ICI carton to USA Last t *nt Coast CarriMoan.East Canada. HAITI. Carta Rica. CI Salvador. Guatemala. Hondurat Vanaxuaia Nro. Ecuador. Catombu via Miami. Trinidad. Barbados Antimu St Lmcu Rbntaarrat Guayana via Kirattan ZIM EIIAT ZIM HOPE* ACCEPTIRS CAAQO TO ADELAIDE VIA MELBOURNE ADO ALSO FCL295 words
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Advertisement304 1988-02-19 22 Everett Lines COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHER 5 L'iilKw.illillif l.K'i L 4.1b 11 CPV THROUGH BILL OF LADING TO FINAL DESTINATION Panang* P. KatMf* Tinppan MURRAYEVERETT 22/23 Fat thomaseverett MHsr mm* m MUGHEVERETT 11/13 Rtel EVERETT ORIENT LINE' JAPAN/BAY OF304 words
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Page 23 Advertisements
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Advertisement119 1988-02-19 23 JY OF SAUDI ARABIA REGULAR RO-RO SERVICE TO MIDDLE EAST SINGAPORE 24 FEB P KELANG 26 FEB 16 MAR VESSEL S. RIYADH S. ABHA S. TABUK Acting Br—fcbulk. Ro.Ro, Cowtaimrs FCL Containers for Sharjah, Doha and Riyadh. REGULAR RO-RO SERVICE TO USA/CANADA VESSEL I SINGAPORE P KELANG 24 FEB It119 words
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Advertisement44 1988-02-19 23 4* TAYO SHIPPING LINES fTE LTD TEL *****25 (3 Hn«i| TLX AS ***** TAYOIN FAX LTDJ VESSEL S'POftE LOADING FOR «W| UTA-A S? W^ l KKANIARU a vessel JSSm^ PM,L,PfINt P RUnc AflMt- INTER SYSTEM CO SOM BHD TO-: 2»750T1«/23«§7 TLX HA 2K14 HSKL44 words
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Advertisement444 1988-02-19 23 LCL/FCL SERVICE n-n, TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST Uii'KJJ lUCKT SEAWAT SERVICES PTE LTD TIl 26Q61 Fai: *****77 S.E.ASIA/CHINA SERVICES SGP PKLANC PNC FOR TIM 15/3 SHANGHAI E. AFRICA/RED SEA MEDITERRANEAN SERVICE ktN sgp for RUAHA 25/2 1/3 MUKALLA/ALEXANDRIA/DAR ES SALAAM TBN 71/3 t/4 AOEN/HOOCIOAH/ALEXANORIA COLOMBO SERVICE444 words
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Advertisement441 1988-02-19 23 ft£J POH TIONG CHOON SHIPPING (PTE) LTD TEL: *****66 (10 LINES) FAX: *****41 TELEX: R*****6 POHSHIP PTC GROUP KEELUNG/KAO HONG KONG BANGKOK JAKARTA MANILA LCL/FCL SERVICE TO 28/2 6/3 1/3 7/3 27/2 5/3 20/2 24/2 3/3 BUSAN TOKYO/YOKO UK/EUROPE USA/CANADA DURBAN/CTOWN OTHER POUTS: P KELANG, PENANG, E.M'SIA, SURABAYA, BELAWAN, SAMARMOA,441 words
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Advertisement327 1988-02-19 23 PERCH OCEAN UNES (Perfect China Ocean Shipping Lints) WISHING ALL OUR I I I i. v i I Ml 1 I 1 CHINESE NEW YEAR M-Mflfe Of T hf F'BISS GROUP) WEEKLY CONSOL SERVICE LCL/FCL U.SJL (East West Coast all inland points) UK/EUROPE Continents (All Ports) T l ¥Ifii itfl327 words
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Page 24 Advertisements
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Advertisement310 1988-02-19 24 Hai Sun Hup Co (Pte) Ltd ,n 'F I (20 tin.-si TI RS ??(>'.! K PS 20 f>72 \M I Is \K I IM K lII' STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS *Subj«ct to carfo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN CHINESE PORTS, SUBJECT310 words
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Advertisement438 1988-02-19 24 1 COLUMBUS LINE REEDERE! GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMKOWTAfCR SERVICE TO i (ASIA-SOUTH PACIFIC JOINT SERVICE) SPORE CALABAR VIS 29/2 To Rod Mornby. Lm, COLUMBUS NIUGINI VIS |20/3 Rabaul, and Madang Accepting via Transhipment to Orobay, Wewak, Akrtau, Kavieng Kimbe Port Keiang's Afont: H C Til: 35K701/4438 words
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Advertisement316 1988-02-19 24 W UfiS 1 LCL WEEKLY SERVICE TO: Hfl KAMJMtM HONQKOMQ >1/1 TUUMY >1/1 PNEMANTIE rnt S YD/ME LI >1/> aoclaioc an (transit Urns 12 days) WEEKLY COMSOL. SERVICE FROM GERMANY uu rMtrm ETD «W*ANr ETA SPORE CON-CARRIER **7 |Q jyj CON-CARRIER S7/S7 11/2 J/3 LCL SERVICE TO CARRIKAN PORTS Sin316 words
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Advertisement648 1988-02-19 24 Will CALL US AT: P. KELANG PENANG J. BAHRU f. GUDANG SINGAPORE K. LUMPUR 3HS7SJ/3M7111 M (*****/4. C ***** ■07 241 m «7 *****3. *****5. *****0, *****1 47-*****22 242M1 Weekly far east/europe container service lIZZZSI TO EUROPE feeder I BUTANC 4» BUTANC <a I I 77.■ I KORRICAN b. butanc648 words
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