The Business Times, 22 February 1988
1988-02-22
1
30
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The Business Times
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Title Section11 1988-02-22 1 BUSINESS TIMES MCI (P) 95/12/87 MONDAY, FEBRUARY 22, 1988 75 CENTS11 words
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Article, Illustration766 1988-02-22 1 LEE HAN SHIH; PATRICIA M SCHERSCHEL - Fannie Mae plans to sell mortgage-backed securities By LEE HAN SHIH and PATRICIA M SCHERSCHEL ONE OF THE BIGGEST financial companies in the United States wants to tap the capital markets of Singapore and other newly-in-dustrialising countries in Asia to raise money766 words
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259 1988-02-22 1 AP FINANCIAL EXPERTS want to tighten controls over China's foreign borrowing, which has zoomed from nothing 10 years ago to more than US$24 billion, according to an official report. The China Daily's weekly business edition said yesterday China's heavy borrowing had aidedAP - 259 words
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Article95 1988-02-22 1 AFP MACAU is committed to solving remaining technical problems so that its currency, the pataca, may be accepted internationally this year, Secretary for Economic Affairs Galhardo Simoes said on Saturday. The currency of this Portuguese enclave in southern China is directly linked to the Hongkong dollar andAFP - 95 words
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Article101 1988-02-22 1 AFP JAPAN is considering reopening the Cambodian Embassy building in Tokyo to provide quarters for Cambodian resistance leader Prince Norodom Sihanouk, Kyodo News Service reported yesterday. The government is also considering paying the prince travel expenses in his bid to find a peaceful solution toAFP - 101 words
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Article, Illustration527 1988-02-22 1 CHUANG PECK MING - By CHUANG PECK MING SHOPLIFTING, which has been plaguing department stores, is now proving to be costly for bookshops too. The problem has become so serious as to bring together the three major book retailers Times The Bookshop. MPH Bookstores and Kinokuniya to527 words
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Article, Illustration534 1988-02-22 1 LIM SOON NEO - By LIM SOON NEO A CONSCIOUS EFFORT must be made to preserve traditional practices by keeping them up-to-date in a society which has undergone considerable changes, Prime Minister Lee Kuan Yew said yesterday. Mr Lee's call, made at a Lunar New Year534 words
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Page 1 Advertisements
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Advertisement433 1988-02-22 1 Need a car or truck loan? WiYFOONG 737-7977 UtfJ Wd\ kxmg Mortgage And hiuixe (S) Ltd A »hi>ll\-owned suh\idi.ir> ol I lonukoniiß.ink hCbtmuß llill MH-111 ("la>more Pla/j Singapore 1N22 MANAGEMENT IT WILL GO DOWN in history as one of British industry's great missed opportunities of the 20th century. For after433 words
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Advertisement303 1988-02-22 1 m MARKET REVIEWS 12,14 CROSSWORDS 11 MONEY ft EXCHANGES 6 TV ft RADIO 11 COMMODITIES 8 BRISTOW 10 AIRCRAFT SCHEDULE 4 DOONESBURY 4 MAJOR JAPANESE trading houses fear that their huge volume of trade with South Africa may come under international scrutiny and criticism. ASIA-PACIFIC, Page 4 A FOREIGN INVESTMENT303 words
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Advertisement100 1988-02-22 1 Official Typewriter Supplier of the 1988 Olympics brother Because of'Ybshie's tirelessness, no other aiiiine can offer you this: I THE JAL PLEDGE J3s highly trained and dedicated professionals we will confidently do our utmost to make any flight with us as enjoyable as possible. Sis the world's number one airline100 words
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MANAGEMENT
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Article, Illustration1235 1988-02-22 2 FT IT WILL GO DOWN in history as one of the great missed opportunities of British industry this century. After inventing the green club-shaped Perrier bottle nearly 85 years ago, the British owners of the famous sparkling water spring in southern France sold the business backFT - 1,235 words
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345 1988-02-22 2 THE MANAGEMENT of human resource continues to receive attention among Singapore companies anxious to reach their organisational goals. To advise them on some strategies and approaches they could take, the Fourth National Human Resource Development Conference has been organised by the Singapore Institute of Management345 words
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612 1988-02-22 2 LILY FERNANDEZ - By LILY FERNANDEZ ALBERTA, a western Canadian province, welcomes small- and medium-sized enterprises. In fact, the government is keen to attract more Singaporeans to set up businesses there. This is tied to two elements: Firstly, the government recognises the importance of SMEs as612 words
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837 1988-02-22 3 ROBERT M TOMASKO - By ROBERT M TOMASKO LAST YEAR'S holiday season was a time of mixed blessings for many American middle managers and staff professionals. The holidays coincided with the end of many corporate fiscal years, the time when the pressure is often greatest to837 words
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Article, Illustration596 1988-02-22 3 FT SWEDEN was once considered capable of sorting out its labour problems in a relatively amicable fashion. That is no longer true. As Mr Pehr Gyllenhammar, the country's leading industrialist and the chairman of Volvo, has been forced to remark: "Sweden has joined BritainFT - 596 words
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850 1988-02-22 3 SHERRY BUCHANAN - By SHERRY BUCHANAN IHT FOR EUROPEAN concerns, the days of "Our man in Peoria" are over. Traditionally, corporate headquarters in Europe tried to run newly acquired companies in far-off lands by putting in one of their own to teach the new acquisitions toIHT - 850 words
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Page 2 Advertisements
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Advertisement66 1988-02-22 2 CONSEQUENCE UNLESS YOU,TOO, HAVE ARRIVED.) > >4 -r'S IP gSM ■MM r- THE ULTIMATE MMMG MACHINE A MEMBER OF SIME DARBY GROUP 0 PERFORMANCE MOTORS LIMITED 896 DUNEARN ROAD (2158) TEL *****00 TELEX RS ***** BEEMVE BRANCH SHOWROOM ?SOMMPONG ARANG TANJONG RHU (1543) TEL *****68 PERFORMANCE COMPANY SON BHO. NO66 words
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Page 3 Advertisements
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Advertisement196 1988-02-22 3 "We need a computer that grows with us ...painlessly." NCR Computers Our incremental architecture lets you add power without disruption. Managing business growth is a 24-hour a day job. You can't afford the disruptions usually caused by computer growth. Disruptions like: Installing replacement hardware and operating systems Putting up with196 words
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ASIA – PACIFIC
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424 1988-02-22 4 Bernama ES-Kyodo MAJOR JAPANESE trading houses fear that their huge volume of trade with South Africa may come under international scrutiny and criticism. 'Japan's top six trading houses accounted for about 50 per cent of Japan's two-way trade with South Africa in 1987, industryBernama ES-Kyodo - 424 words
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222 1988-02-22 4 UPI MAJOR JAPANESE steel manufacturers will trim their exports and shift greater emphasis to domestic sales this year in anticipation of a substantial demand growth at home, the economic journal Nihon Keizai Shimbun reported yesterday. The paper said sales overseas in 1988 will beUPI - 222 words
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100 1988-02-22 4 AP A 2.03-TRILLION-YEN (US$l5.6 billion) supplementary budget for fiscal 1987 ending March 31 was approved by Japan's House of Councillors, or Upper House, in a plenary session last Saturday. The Bill aimed at expanding domestic demand through increased public investment cleared the House ofAP - 100 words
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334 1988-02-22 4 Reuter INDONESIAN Energy Minister Dr Subroto has said he is trying to make life easier for oil companies operating in Indonesia by cutting red tape and simplifying licensing procedures, and will also grant selective contract extension*. "Foreign contractors, for example, will be allowedReuter - 334 words
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Article, Illustration291 1988-02-22 4 AFP TOKYO has urged Washington to withdraw sanctions slapped on Japan for its controversial research whaling in the Antarctic Ocean, according to the Japanese Foreign Ministry. The US formally told the Japanese Embassy in Washington last Friday that it would halveAFP - 291 words
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195 1988-02-22 4 AFP SOUTH KOREA recorded an overall trade surplus of U556.26 billion last year, up from U554.25 billion in 1986, the Korea Foreign Trade Association reported on Saturday. Exports in 1967 amounted to U5547.2 billion, up 36.2 per cent from a year earlier, while importsAFP - 195 words
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Article80 1988-02-22 4 AFP PRESIDENT-ELECT Roh Tae-Woo. who takes office on Thursday, will carry out a massive amnesty including 1,200 political detainees on March 1, authoritative sources reported in Seoul yesterday. The sources said Mr Roh's first action as president will be to summon a Cabinet meeting theAFP - 80 words
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Article864 1988-02-22 4 ARRIVALS Operator otrvict nwmbor Local tkiw From SU MAS SU SU MAS SU SU MAS MAS SU CPA MA GU SU IOM SU THAI SU SU MAS GU MAS SU SU GU SU SU SU RJ ANZ SU GU THAI GU TK CPA MAS u MAS THAI864 words
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Page 4 Advertisements
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Advertisement208 1988-02-22 4 mm gfttPW AVI k 4 r'tyl, «Jm i l W^ fpp-* > «N. H Wm- -3 w>s; r r%* *jl .*7/f« While you invite them to aMi Sheng party, we invite you to have it at Sommerville Restaurant. It is a tradition to wish your friends and business associates the208 words
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Advertisement174 1988-02-22 4 LONDON The business person's choice, every Tuesday. Thursday. Saturdoy and Sunday. Leaving Chongi Airport at 22:05 hours and arriving Heathrow early the following morning Call your Travel Agent or Air Canada at *****55. AIR CANADA (jfj) Here's why our tenants are extending their leases 15 minutes to the airport and174 words
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Page 4 Miscellaneous
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Miscellaneous51 1988-02-22 4 Doonesbury (SORE, THE DEMOCRATIC CANDIDAS, MAS BORN ALBERT, PRJNCE OF THE TEMESSee VALiSY... I CANT SEEM WSHAKBTHIS C? IFEEUN6OF...OF... DESTINY! m psi fxJ?im fv i WSS TO SON OF ALBEPT THE ELDER, THE YOUNG PRINCS GREW UP IN THE SHADOW OF THE CAPTTOL DOME. rt Jiiil UAMtiyyKg Esa BY GARRY51 words
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REST OF THE WORLD
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Article, Illustration331 1988-02-22 5 AP DEMOCRATIC congressional leaders praise Republican President Ronald Reagan's proposed US$l.l trillion US government budget, including plans to slow down military spending. The Democratic-controlled Congress has begun its review of the spending plan for the fiscal year starting next Oct 1 as the Senate BudgetAP - 331 words
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164 1988-02-22 5 Reuter ITALY will seek this week to have Japan and South Korea excluded from a European Community (EC) proposal to end some import quotas, diplomats said on Friday. They said that at a meeting of EC foreign ministers today. Italy would argueReuter - 164 words
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232 1988-02-22 5 AFP THE SOVIET POLITBURO has discussed s nsw draft law regulating private cooperative businesses, snd recommended public discussion of the proposed legislation, the Communist Party dally Pravda said on Saturday. Legislation adopted by the Supreme Soviet (Parliament) last June providee for public discussion ofAFP - 232 words
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171 1988-02-22 5 AFP EXPERTS from 130 nonaligned and other developing countries are meeting today in Mohammedia, north-east of Casablanca, lor a three-day discussion of those countries' foreigndebt problems. Information available in Rabat indicates that developing countries' forsign debt averaged a record high of US$l-020 trillionAFP - 171 words
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473 1988-02-22 5 AFP A FOREIGN INVESTMENT slump in West Germany has raised concern in Bonn about the long-term prospects of Western Europe's economic locomotive. West Germany, the strongest European economy, is also "the country where wages are the highest, working hours the shortest, with very littleAFP - 473 words
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399 1988-02-22 5 AFP POLITICS is likely to take a backseat at an Organisation of African Unity (OAU) meeting in Addis Ababa today as ministers examine ways of restoring health to the battered and bruised African economy. The regular council of ministersAFP - 399 words
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293 1988-02-22 5 AFP ARAB LEAGUE foreign ministers will lobby UN Security Council members in March for a resolution calling for an international peace conference on the Middle East e Palestinian spokesman said in Tunis yesterday. The resolution would also demand that larael pull out of theAFP - 293 words
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Page 5 Advertisements
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Advertisement370 1988-02-22 5 The Circle. To be precise it's the Nissan Winners' Circle. And if you buy a Nissan Laurel before 10th March 1988, you automatically enter the Nissan Winners' Circle Lucky Draw. Once in, you're not only sure to win a prize, you stand a l-in-100 chance of winning a $20,000 rebate370 words
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Page 5 Miscellaneous
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Miscellaneous63 1988-02-22 5 wm ZS"'. Singapore OUTLOOK: Showers ov«r many mn by neon. Report for 24 hour* prior to 7.30pm on Fob 21 at Hrs oI aunoNns— ft.2o Rainfall tai mm trace RaMall Ms m»... 18S.1 Rainy days Ms mbt... 10 Nassau Now DoftW Now York Nicosia Oslo Paris forth Wo 'Janotro Rome63 words
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MONEY AND EXCHANGES
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331 1988-02-22 6 Competitiveness of Malaysian goods enhanced Bernama THE WEAKENING of the Malaysian dollar against other major currencies since the last quarter of 1987 has enhanced the competitiveness of Malaysian goods. Noting that Malaysian goods faced competition, in particular from Indonesia and Thailand, foreign exchange dealers saidBernama - 331 words
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Article179 1988-02-22 6 Reuter THE RESERVE BANK of Australia mounted a major operation in the fourth quarter of 1907 to stabilise the Australian dollar and domestic financial markets after the October stock market collapse. The Australian economy, with relatively unrestricted foreign exchange and money markets, felt the brunt of heavyReuter - 179 words
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347 1988-02-22 6 AFP JAPAN'S Export-Import Bank has agreed to extend yen-denomi-nated loans totalling six billion yen (U5546.2 million) to five Central American countries. Bank officials announced in Tokyo that the government bank signed an agreement on Friday with the Central American BankAFP - 347 words
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152 1988-02-22 6 AP NEARLY 50 per cent of the local deposits withdrawn from banks in Panama City have been returned in the past four months. The National Banking Commission said last Friday about US$lO3 million of the US$2OB million withdrawn until last October had been recovered byAP - 152 words
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104 1988-02-22 6 Reuter FRENCH Finance Minister Edouard Balladur has ordered an enquiry into the use made by French state firms of the financial futures market and other new financial instruments. The enquiry follows the decision by state nuclear fuel organisation Cogema to file a fraud suit againstReuter - 104 words
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316 1988-02-22 6 Bernama ES MALAYSIA'S narrow money supply or M-1, which comprises currency and demand deposits of the private sector, rose marginally by 0.1 per cent or MslB million in November last year from the previous month. Bank Negara said on Saturday the rise was due toBernama ES - 316 words
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Forex markets
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Article741 1988-02-22 6 Union Bank of Switzerland AFTER the numbing effect of the long wait for the US December trade balance figures, last week was surprisingly calm and stable. The only significant occurrence was a jump of over two centimes in the greenback following the previous Friday's release of theUnion Bank of Switzerland - 741 words
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Article92 1988-02-22 6 Overseas Union Bank Ltd IT WAS a relatively quiet week with the market closed at mid-week for the Lunar New Year. Dealers were also awaiting the auction of the new 5-year note before taking fresh positions. Bond prices closed mixed. The price of the May 1992 noteOverseas Union Bank Ltd - 92 words
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Article247 1988-02-22 6 Asian market z < CURRENCY avorogo deposit roto* for 1 lh* wook •ndod Fob 19 High RICES Law US 7 doyi 6 11/16 6 11/16 1 mmOi 6 11/16 6 11/16 2 iwumttt 6 13/16 6 13/16 3 iwuiiittt 6 13/16 6 13/16 6 6 7/8 6 13/16 9 inmiHw247 words
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94 1988-02-22 6 Reuter JAPAN'S M-2 plus CDs money supply is forecast to grow at about 12 per cent after an 11.9 per cent monthly rise in January. However, according to senior Bank of Japan officials last Friday, the current growth of money supply wouldReuter - 94 words
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Article84 1988-02-22 6 Silver futures on Feb 19 5.000 troy ounces. US cents per troy ounce Open Htgh Low SoW« Fab 638JO 5.00 Mot 638.00 643 00 634.50 640.00 5.00 Apr 643.90 5.00 Mo r 645.50 652.00 643.00 648-50 4.90 M 655.00 658 00 651.00 656.60 4.80 S^. 664JO 4.7084 words
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Article, Illustration490 1988-02-22 6 Indicate* tha avaraga of tha prima landing rata* of 12 major banks In S'por* PLR of bantu at the dose of business on Friday, Fob 19, as supplied by the Association of Banks in Singapore. BANK PLR (%> Algemene Bank 6% Allied Irish Bank PLC 6 Amorican490 words
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218 1988-02-22 6 Reuter THE PHILIPPINES' US$27.B billion foreign debt makes it a small player in attempts to find solutions to the debt crisis, and Manila prefers to let large debtors take the initiative, according to Central Bank governor Jose Fernandez. "I think anybody who pretendsReuter - 218 words
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Page 6 Advertisements
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Advertisement164 1988-02-22 6 FITNESS (ENTRE An investment in good health Occupying an area of almost 3,000 sq m {32,000 sq ft), Fiscal Fitness Centre houses a full-size gymnasium, 2 outdoor jacuzzis, swimming pool, tennis court, steam baths, separate male and female changing rooms and six massage rooms. The gymnasium is equipped with the164 words
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Advertisement23 1988-02-22 6 The Asian foreign exchange report and the local gold market report were not available IB BANQUEINDOSUEZ 3 Shenton Way, Shenton House, Singapore 010623 words
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BANKING AND FINANCE
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Article, Illustration1189 1988-02-22 7 PAUL FRANKLAND - by PAUL FRANKLAND COMPUTERS HAVE proved a blessing to modern businesses but as in life itself, the good things in computers are counterbalanced by the bad things. The bad news about computers is that they are habit-forming, even addictive. Once you use them, you1,189 words
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463 1988-02-22 7 Reuter LONDON THEATRE managers said last Thursday that a new law brought in to regulate financial markets might affect how they raised money for new shows. A new Financial Services Act, designed to protect investors against fraud, requires anyone even a theatre producer whoReuter - 463 words
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232 1988-02-22 7 Reuter BRAZIL and its bank advisory committee are near agreement on a mediumterm financing deal, and a longer-term package could be on the table before the end of March. Finance Minister Mailson Nobrega said in New York on Friday: "If we considerReuter - 232 words
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241 1988-02-22 7 Bernama ES BANK NEGARA has approved a total of 433 applications for M 51.314 billion for financing various projects under the New Investment Fund (NIF) as at Dec 31. 1987 Of this, s total of Ms7l4 million or 54.3 per cent of the approvedBernama ES - 241 words
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262 1988-02-22 7 LEONG WEN WAH - By LEONG WEN WAH A LARGE, US dollar, floating-rate note issue has been put together in Singapore for a state-owned Australian corporation. Singapore International Merchant Bankers Ltd has arranged and lead managed a US$2OO million facility for Tricontinental Corporation Ltd. one of Australia's largest262 words
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642 1988-02-22 7 NYT THE BALANCE of power in the US banking industry has shifted dramatically since the October stock market crash, leaving many of America's largest institutions vulnerable to takeovers, according to a study released last Friday. The report by MAC Group, aNYT - 642 words
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Page 7 Advertisements
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Advertisement26 1988-02-22 7 MONTHLY AT $1650 The SPECIALIST in corporate car rental. Call our HOTLINE now: 469 1455 ORIENT CAR LEASING PTE LTD 913, Bukit Timah Road, Singapore 215826 words
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Advertisement119 1988-02-22 7 This is what an AIDS carrier looks like: -X That's right.You cant tell. A person infected with the AIDS virus may have no symptoms for years yet can still spread the virus to someone else. THE ONLY WAY TO TELL IS TO TAKE AN AIDS ANTIBODY TEST You can take119 words
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COMMODITIES
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Article1261 1988-02-22 8 Precious metals weaken after early gains AFP THERE WAS a quiet start to last week due to the closure of US markets for George Washington's birthday, a carnival in Brazil and the Lunar New Year celebrations in the Far East. Precious metals gained groundAFP - 1,261 words
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Article259 1988-02-22 8 CRUDE PALM OIL FUTURES ended lower last Monday, the only trading for the week as the market closed for the Lunar New Year celebrations. Spot month March was traded Ms 6 lower at Ms99o a tonne on a day which saw cautious trading due to overhanging uncertainty on259 words
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Article119 1988-02-22 8 Chinese Produce BC1 FOt NSW 425.00 Exchange Raburfa 20/25% FOt NSW 3754)0 Si*»n' noon dedng pr fob 20 (SJ/100 kg) Icm on Nutmeg 110 FOt NSW 1455.00 Coconut oil tWP FOt NSW 1223.00 Mb FOt 12.00 Gambler OW drum FOt 122.00 FOt NSW 180.00 Ntw drum FOt Copra119 words
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Article68 1988-02-22 8 Bernama ES OILSEED CULTIVATION in India will undergo tremendous change in the coming yeara in view of experiments at the Indian Agriculture Research Inatitute. The experiments are aimed at producing an ideal plant to bring about stability in oilseed production. A significant development haa already beenBernama ES - 68 words
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Article178 1988-02-22 8 SOYBEAN FUTURES in Chicago. which rallied sharply at midsession on heavy computer fund buying, plummeted amid late profit-taking and hedge selling on Friday to settle well off session highs. Prices closed up 2tt to 6.0 US cents in heavy trading. March was up 2)4 cents at US$6.3l a bushel,178 words
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Article173 1988-02-22 8 WHEAT FUTURES in Chicago closed mostly higher on Friday as new-crop months firmed against a mixed tone in nearby March and May. Prices were off US cent in May to up 6.0 cents higher in deferreds. New crop December was up 6.0 cents. July through March set new contract173 words
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518 1988-02-22 8 AFP WORLD OIL PRICES fell at week's end to their lowest level for two months. Oil circles said late Friday that prices weakened because of the continuing mild winter weather in Europe, excess supplies, and rumours of discounts being granted by members ofAFP - 518 words
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294 1988-02-22 8 AFP VIETNAM'S coal industry is facing a crisis of shrinking coal deposits. Nguyen Ngoc Buu. external relations officer with the Hong Gai Coal Co in north-east Vietnam, said last week: "During the *****, you only had to extract three to four cubic metres ofAFP - 294 words
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Article104 1988-02-22 8 PRICES on the Malaysian Rubber Exchange and Licensing Board were unchanged to steadier last Monday before closing for the rest of the week for the Lunar New Year. Deslsrs said there were little price movements throughout the day as there was not much 01.l interest ahead of the long104 words
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Article181 1988-02-22 8 THE TIN PRICE on the Kuala Lumpur Tin Market (KLTM) firmed another four Malayaian cents to M 517.24 a kg in the two days of trading last week on fairly strong demand. The metal rose three cents on Monday on European and Japanese demand following the US dollar's181 words
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119 1988-02-22 8 Reuter THE EUROPEAN Community (EC) cannot prevent companies from swepping consignments of uranium to beet s US embargo on imports of the mineral from South Africa. Qeorg von Klitzing. director of the European Atomic Energy Community (Euratom) supply sgency, was commentingReuter - 119 words
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Article266 1988-02-22 8 London Commodity Exchange Contain ln-<to) OF London London, wltn option Mar High/low 1265/1266 (1270/1272) 1266/1250 May Mgh/Low SaWi 1295/1296 (129®/1299} 1298/1279 (Nil Cocoa Mor Ngh/Low 1042/1043 (1039/1040) 1046/1033 Moy High/Low Sotw A 1066/1067 (1062/1063) 1070/1056 (3523 No 6 FO# (USS/H mm) Mar Kgh/Low 191.40/191.60 196J0/190.00 May 191.60/191.80 Mgh/tow266 words
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Page 8 Advertisements
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Advertisement61 1988-02-22 8 /tn :> v> Vu <Cv u Wf I.X.* VH Tx m It i* r /j *> <* I Traditional Yu Sfieng: A Toast to DouMe Prosperity. Toss the traditional raw fish salad with family, friends and business associates 0 for an auspicious New Year. A Served from 18 February to61 words
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Advertisement63 1988-02-22 8 I For a welcome change, Hop on the train and head for Raffles. Lunch today at The Elizabethan Grill of Raffles Hotel, where we present traditional English food. We're conveniently close to City Hall MRT Station, just a stop or two from your office. For reservations, call *****76 P Raffles63 words
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SPORTS & LEISURE
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Article, Illustration714 1988-02-22 9 US wins first gold medal in figure skating AFP BRIAN BOITANO won the gripping finale to the "Battle of the Brians'' in Calgary last Saturday night and left a whole host nation to weep. The 24-year-old Californian took the men's individual figure Skating title at the expense of his foodAFP - 714 words
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328 1988-02-22 9 UPI TIRED Of paying rent for no return except cancelled cheques? frustrated by your landlord's failure to fix the leaky roof? Weary. of worrying whether the custodian remembered to empty the manure bin? If so, then the equine condominiumsUPI - 328 words
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122 1988-02-22 9 Reuter YANNICK NOAH of France upeet top-seed and title-holder Boris Becker in the semi-finals of the Italian indoor tennis tournament last Saturday, winning through to a final meeting with American veteran Jimmy Connors. Second-seed Connors, seeking his first tournament win since the Tokyo indoorReuter - 122 words
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460 1988-02-22 9 WALTON MORAIS - By WALTON MORAIS AT THE END of the round, as he kicked off the sludge from his spiked shoes in the golfing wing of Warren Golf Club, M Murugiah pondered his card and groaned miserably. "I'm very disappointed with my score. Putt no460 words
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Article, Illustration622 1988-02-22 9 UPI MIKE TYSON, who punched a hole in his dressing room wall before his last bout, was nearly as nervous before his wedding to actress Robin Givens. This time, he refrained from doing damage. "Mike said, this is worse than a fight,"UPI - 622 words
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Page 9 Advertisements
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Advertisement144 1988-02-22 9 w DOUBLE PROSPERITY AWAITS CHINESE GOURMETS AT THE SUMMER PALACE Q&ummerw3wotfaee < i X Kt February 16 to March 2 Chinese orchestra playing nightly from Bpm to 10pm ■«PU TWr, V<" L* ffltokiQ&umrnc'r L~&hu' Our Hong Kong Chef, Mak Kip Fu, has prepared two set menus which include Prosperous Raw144 words
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PERSPECTIVE
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912 1988-02-22 10 How should outsiders react to plans for a single European market by 1992 with glee, because there will be great opportunities for all comers, or with alarm, for fear the result will be a protectionist 'Fortress Europe'? This article from The Economist tacklesThe Economist - 912 words
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650 1988-02-22 10 The Economist BUILDING the brave new Europe requires hard slog, not just heady slogans. Delays are already visible. The European Commission's frontier-free programme requires the passing of no fewer than 300 separate pieces of legislation between 1985 and 1992. The commission has suppliedThe Economist - 650 words
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Article677 1988-02-22 10 The Economist SOME ECONOMISTS are again fretting about Britain's balance of payments the cause, they say, of so many of the country's economic woes in the past 30 years. Most forecasters reckon that the current-account deficit could reach a record £5 billion next year. The BritishThe Economist - 677 words
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Page 10 Advertisements
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Advertisement278 1988-02-22 10 Dragon Year Reunion Dinner Specialties (Open throughout the Chinese New Year Festive Season) or persons with A Complimentary Bottle Dragon Year Lucky Raw Fish Braised Superior Shark's Fin p" Crispy Skin Roasted Chicken Sauted Seafood Combination in Taro Nest^^R£v Steamed Live Sea Bass with Spicy Sauce A Rainbow Chicken Meat278 words
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Page 10 Miscellaneous
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Miscellaneous36 1988-02-22 10 JONeS --NOOR\ "j me ooHew i MOST noy CHAT S#-OU> Ptomsg. you'll Be my FifcST Gu£ST frIStCNT: FianKliLcfeeßf GOSH- u IT'S COLD Tt>C>Ay AMD IT'LL Be £.v€K COLOeR woroc TDv^GHT-• I shouo worm myaio v es....36 words
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THE ARTS
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Article, Illustration452 1988-02-22 11 SHAUN KOH - -by! SHAUN KOH ON FEB 5 TO 7, The Edinburgh String Quartet, one of Scotland's leading chamber ensembles. performed to s good reception at the Hongkong Arts Festival. The performances marked the group's debut in the Far East end it followed them up by playing452 words
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Article395 1988-02-22 11 TOH HAI LEONG - By TOH HAI LEONG THE FILM, The Pawnbroker, is s searing study of a Jewish survivor of a German concentration camp, brilliantly played by Rod Steiger (On the Waterfront). Directed by veteran New York film-maker Sidney Lumet (The Verdict and Prince of the City) and395 words
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Article, Illustration522 1988-02-22 11 SHAUN KOH - Mountain Boys to offer Singaporeans a taste of the music By SHAUN KOH BLUEGRASS MUSIC is traditional in one way. and modern in another. After all, bluegrass just like funk and third-stream is an amalgam of several genres of music. It is a brand of music522 words
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Page 11 Advertisements
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Advertisement307 1988-02-22 11 YOU CAN CREATE AN ADVANTAGE FOR YOUR COMPANY BY PUTTING PEOPLE HRST' "Many factors have contributed to our recent success but the spearhead was the 'PUTTING PEOPLE FIRST PROGRAMME'..." CoNn Marshall, Chief Executive, British Airways 'Marketing' May 86 Putting People First in Business To be successful and profitable, a company307 words
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Page 11 Miscellaneous
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Miscellaneous1242 1988-02-22 11 to tSGE) mm a 12 7JO PM Op«nino and Programme Highlights followed by Lord Polar Wlmsey The Nino Talon (Pt U 8.30 Adam Smith's Money World The Groat Crash Of 1987 (Pt M, Soo highlights). 9.00 Shoaxlng Operas A Dream Of The Red Mansions. It it performed by the PRC1,242 words
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Miscellaneous648 1988-02-22 11 CRYPTIC PUZZLE ACROSS 1 Talk steamily? (5) 6 Do badly as runner and politician (5) 9 Such a wedding may go off with a bang! (7) 10 A show to see again, from the sound of it (5) 11 It makes one red in the face (5) 12 Bird author648 words
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MARKET REVIEWS
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Article, Illustration4809 1988-02-22 12 LISA LEE - r Sinyapore P L. 4 By LISA LEE THERE WERE no fireworks for the Dragon which made a rather subdued entrance in the stockmarket on the last day of a week that saw many investors and dealers in a festive mood. Most of the speculating was4,809 words
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376 1988-02-22 12 K.Lumpur MBT THE KUALA LUMPUR stock market had the shortest aver trading period last week, opening for only one-and-a-half days before closing for the Chinese New Year holidays from Feb 17 to 19. Nonetheless, share prices finished on higher ground, taking the New Straits TimesMBT - 376 words
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444 1988-02-22 12 m r \lAustraiia AFP A SERIES of strong profit results and improved Australian trada figures for January saw the Australian share market finish the week firmer for the first time in four weeks. Brokers said the market took encouragement from the release lastAFP - 444 words
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Article143 1988-02-22 12 AFP WEST GERMAN stocks jumped by 2 per cent at the start of last week on the Commerzbank Index, but the market stagnated the rest of the week. The US dollar's firmness and talk of a falling US trade deficit initially gave the market aAFP - 143 words
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Article323 1988-02-22 12 JULIANA TAY - Wnk ended Feb 19 compiled by JULIANA TAY CORPORATE DEVELOPMENTS The court has ordered the winding up of an associate company of Faber Merlin Malaysia Bhd, President Merlin Hotel Pte ltd. which is the operator of a hotel by the same name in Kitchener Rood323 words
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Article, Illustration872 1988-02-22 14 Investors remain cautious 1 L Hongkong Sm! DBS Securities HK THE HONGKONG market registered a gain of 41 points on the Hang Seng Index during the one-and-a-half days of trading before the Lunar New Year last week. Activity during the short week wasDBS Securities HK - 872 words
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307 1988-02-22 14 H Tokyo 4 AFP SHARE PRICES kept rising on the Tokyo Stock Exchange last week as investors returned to the market, encouraged by a boom in the second section and the stability of the US dollar. The Nikkei Average, a 210.60-yen winnerAFP - 307 words
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762 1988-02-22 14 MICHAEL CLARK - ■mml London L-i A From MICHAEL CLARK ANY LINGERING WORRIES among investors that the British economy was heading for a recession must have been mostly dispelled last week following the latest batch of economic news from the Treasury. If anything, the figures indicated that762 words
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207 1988-02-22 14 UBS THE ZURICH stock market reached a new high for the year last week as the buying trend strsngthened. A lower-than-ex-pected US trade deficit for December confirmed November's positive trend. The growing confidence in the US dollar, coupled with the low level of intereat rates,UBS - 207 words
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929 1988-02-22 14 B1 I I J New York I 1 FT TO THE DWINDLING number of investors who still believe that economic policies and prospects are the fundamental forces behind finsncisl market performance, the most important event on WallFT - 929 words
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348 1988-02-22 14 SHIRISH NADKARNI; AJIT AGHARKAR - From SHIRISH NADKARNI and AJIT AGHARKAR IT WAS BOUND to happen. The members of the Bombay Stock Exchange once again decided to adopt a militant stand against the continuing controls over trading. Although the market was officially open on Friday last348 words
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111 1988-02-22 14 ABN Bank AMSTERDAM stock prices roe* substantially on Monday and Tuesday, stimulated by better-than-expected US trade deficit figures, takeover activities (Nedlloyd and Audet) and the merger between Amro Bank and Belgian Generate de Banque. The general stock index rose 5.9 points to 229.0 onABN Bank - 111 words
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Page 13 Advertisements
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Advertisement175 1988-02-22 13 This announcement appears as a matter of record only TRICONTINENTAL CORPORATION LIMITED (Incorporated with limited liability in the Australian Capital Territory) MERCHANT BANKERS U*****,000,000 GUARANTEED FLOATING RATE NOTES DUE 1991 Unconditionally guaranteed as to principal and interest by TRICONTINENTAL HOLDINGS LIMITED Arranged and Lead Managed by SINGAPORE INTERNATIONAL MERCHANT BANKERS175 words
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Page 14 Advertisements
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Advertisement571 1988-02-22 14 ASSOCIATION OF MERCHANT BANKS IN MALAYSIA brings to you A TWO-DAY WORKSHOP SEMINAR on CHART ANALYSIS TRADING, TACTICS FORECASTING Featuring MR. DAVID FULLER a global financial expert and internationally renowned speaker Specially designed for Fund Managers, Investment Advisors and Analysts, Brokers, Forex Dealers, Currency Traders and Hedgers and all other571 words
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COMPANY NEWS
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980 1988-02-22 15 ROSIE TAN - By ROSIE TAN MANY INVESTORS in Singapore have never ventured beyond buying and selling stocks that are quoted on the Stock Exchange of Singapore. They are understandably apprehensive about forking out a small fortune to purchase stocks in a company that is980 words
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721 1988-02-22 15 MBT SENIOR PARTNER of accountancy firm Peat Marwick, Mr Paul Geh said quite confidently that business conditions this year will be better than the whole of 1987. Interviewed on the eve of Chinese New Year, Mr Geh said the improvement in business conditionsMBT - 721 words
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1021 1988-02-22 15 Strong export-oriented listed companies making substantial recovery MBT THE FIRST definite signs that listed textile-based companies in Malaysia would be seeing better times came sometime last year. Traditionally strong and export-oriented companies such as Dragon, Phoenix and South Pacific Textile Industries, which had experiencedMBT - 1,021 words
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Article256 1988-02-22 15 MBT SISTEM Televisyen Malaysia (STMB), which is expected to be listed on the Kuala Lumpur Stock Exchange (KLSE) in April, expects to make a pre-tax profit of M 517.58 million for the year ending August 31 1988. Based on the enlarged paidup capital of 44.12 millionMBT - 256 words
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Page 15 Advertisements
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Advertisement91 1988-02-22 15 iNVEST-A-MATIC A NEW SERVICE FROM ericsons Vital information for Fundamental and Technical Analysis is now instantly at your disposal with Invest-A-Matlc Dividend Yields. Market Capitalisation, P E Ratios and much more are available! Charts of SES/KLSE stocks can now be plotted as well as leading world indicators such as Hang91 words
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Advertisement558 1988-02-22 15 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND N THE MATTER OF MUNOOGAS FAR EAST PTE LTO (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap 50, that a Final Meeting of the Members of558 words
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WORLD MARKETS
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297 1988-02-22 16 AFP THE AMERICAN airline company PanAm Corp has announced losses of U*****.5 million for the last quarter of 1987 and U*****.3 million in red ink for the year. PanAm announced its poor 1987 results three days before its employees were scheduled fo carryAFP - 297 words
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762 1988-02-22 16 New York Reuter WALL STREET ended the week with a strong advance, encouraged by a rally in airline stocks. Short covering amid the expiration of several futures and options contracts aided the gain on Friday, traders said. The tranaportation index posted its strongestReuter - 762 words
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318 1988-02-22 17 UPI THE CHAIRMAN of Japan's justice committee was caught in the act of evading taxes on stock market profits. His colleague, the chairman of the budget panel and an infamous gambler, was fingered for handing out US$75O gift certificates to the opposition. These twoUPI - 318 words
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193 1988-02-22 17 FT FORD Motor is to reward its US employees for record corporate earnings last year by paying out US$635 million under a union-negotiated profit sharing agreement. Ford claimed on Friday that the total payment would be the largest ever made by aFT - 193 words
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176 1988-02-22 17 Reuter ALLEGHENY International Inc has said the company and certain subsidiaries have filed in Pittsburgh for reorganisation under Chapter 11 of US bankruptcy laws. Allegheny also announced that it has received a financing committment of US$l75 million from Chemical Bank and Marine MidlandReuter - 176 words
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117 1988-02-22 17 AFP TWO leading Japanese car makers are considering producing pick-up trucks in the US in a bid to dodge expected dumping charges, a leading economic newspaper reported on Saturday. Nihon Keizai said Toyota Motor Corp, Japan's top car maker, is studying a planAFP - 117 words
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Article809 1988-02-22 17 Amsterdam FU 18 FL8 IABN Aaoon Ahold Ahzo 39 60 66 80 72 40 97 20 147 60 0.1 -2 2 -09 1.2 •0.1 AMEV Amro Bank Am Stad ....44 20 59 70 116 00 •06 -08 -2 Barkal BOLS ***** Borsumij 8180 Buahrman Taftaroda 42 30 Calva Elsaviar 40809 words
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Article373 1988-02-22 17 Kodak disputes amount NYT THE POLAROID Corp is seeking damages of up to US$5.7 billion from the Eastman Kodak Co for Kodak's infringement of Polaroid's instant photography patents, according to documents released on Friday by the US District Court in Boston. The estimate includes interest andNYT - 373 words
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750 1988-02-22 17 London Reuter UK SHARES showed little net change over the week as measured by the FTSE 100 Index, with traders saying the moet significant factor was the continuing slump in volume. Uncertainty over the path of both the UK and US economies and aReuter - 750 words
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Page 16 Advertisements
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Advertisement830 1988-02-22 16 4 COURyOISIERXO~Where toeat, drink FEBRUARY Tender and juicy Australian steaks so tempting that you 11 come back for more. Black pepper steak, rib-eye steak, sirloin and others to tantalise your taste buds A Cafe Vienna Supplement K. 4 Al Orchard Terrace the prawns gef dninlf before you do. We've added830 words
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Advertisement185 1988-02-22 16 «JrZ Austrian Fest From the land of 'The Sound of Music'' comes another art form delicious food like Wienerschnitzel, Fiaker-goulash, Papnka Chicken, sausages, salads, apple strudel, Sacher Cake, Emperor's pancakes and much, much more! At $31 for adults and $15 for children, we're sure you'll enjoy the feast as much185 words
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Page 17 Advertisements
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Advertisement273 1988-02-22 17 and entertain 4 übertufi d)riU r i fo much to choose for Drily $18.50. m A sumptuous spread with many different of appetisers, hot and cold soups, '$C salad selection...superb pastries, truffles, ..cheese board, fresh fruit freshly brewed coffee All for $18 50. And for $26.50 irou can add a273 words
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Advertisement140 1988-02-22 17 PALM gSll FROM 9-24 FEBRUARY, THE BEST OF FRENCH CUISINE WONT BE FOUND IN FRANCE. Instead it will be found at Palm Grill, where Monsieur Crotet, one of France's leading chefs, will dish up a gourmet spread. Reservations: 338 8585 ext. ***** or 330 8310. TheWectin Plaza Mies aty WESTIN140 words
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Advertisement8 1988-02-22 17 Zurich, Stockholm and Vienna prtcM were not available8 words
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Advertisement338 1988-02-22 17 to be in theU.S to bank in UjS. doll >- -V W-' > A Ttj >-r Ca ;£i \f •pi*** «i. i'r Bank of Scotland was the first U.K. Clearing Bank to offer an offshore sterling account linked to Money Market rates of interest. Now, through Bank of Scotland (Jersey)338 words
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Article162 1988-02-22 18 Reuter US SECRETARY of State George Shultz yesterday opened talks in Moscow that will try to narrow differences on a US-Soviet strategic arms pact and agree on details of a Soviet pull-out from Afghanistan. Mr Shultz met Soviet Foreign Minister Eduard Shevardnadze at an official guest-houseReuter - 162 words
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513 1988-02-22 18 Bernama THE PRO TEM COMMITTEE of the new Umno yesterday held its first meeting since its registration on a day when critics of Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad were urged not to join the new party being set up.Bernama - 513 words
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184 1988-02-22 18 Bernama MALAYSIAN vegetable farmers are worried they may be edged out of the lucrative Singapore market by Thai vegetable exporters using Malaysian roads to transport their produce to the island republic, according to Deputy Agriculture Minister Datuk Alex Lee. Datuk Lee said yesterday the farmersBernama - 184 words
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Article91 1988-02-22 18 Bernama SARAWAK recorded a trade surplus of M 54,241 million last year, an increase of Ms9o9 million or 27 per cent over that of 1986. The increase was mainly due to higher earnings from sawlogs, according to preliminary figures released by the State Statistics Department.Bernama - 91 words
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133 1988-02-22 18 Bernama THE MALAYSIAN government has identified some 60,000 new tax evaders among business men, including petty traders, last year. Deputy Finance Minister Senator Farid Ariffin said warning notices would be issued to them to submit their income tax returns. He was speakingBernama - 133 words
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598 1988-02-22 18 Reuter FEAR AND DOUBT still stalk the Wall Street and London stock exchanges four months after the crash, but Tokyo is one bright spot where brokers predict share prices will soon match their record highs. The New York Stock Exchange, theReuter - 598 words
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151 1988-02-22 18 UPI PRIME MINISTER Noboru Takeshita said yesterday he would try to deepen personal friendship with new South Korean President Roh Tae Woo and offer all Japan could do to make the Seoul Olympics a success. Mr Takeshita will make his first trip toUPI - 151 words
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294 1988-02-22 18 THE INSURANCE Corporation of Singapore (ICS) is taking steps to identify individuals who face a higher risk of contracting Aids. It plans to do this by introducing questions on Aids Acquired Immune Deficiency Syndrome which kills by destroying the body's294 words
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Article91 1988-02-22 18 AFP CHINESE Communist Party head Zhao Ziyang reappeared yesterday in China's official press, dissipating alarmist rumours but without giving reasons for his absence during the Lunar New Year holidays. The People's Daily said in a front-page report that a group of about 100 entrepreneursAFP - 91 words
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295 1988-02-22 18 WILLIAM CHIA - By WILLIAM CHIA THE SECOND Singapore Jewellery Show, held in Tokyo from Jan 26 to 28, had succeeded in securing increased orders as well as improving the number and quality of visitors, said the Trade Development Board, its organiser. The show, supported by the Asean295 words
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LATE FILE
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Article40 1988-02-22 18 AFP THE PHILIPPINE military should stop making excuses about inadequate laws to fight communist insurgents and concentrate on finding and destroying the rebels. Special Presidential Assistant Teodoro Locsin wrote in the Daily Globe newspaper yesterday. AFPAFP - 40 words
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Article29 1988-02-22 18 AFP FRENCH Defence Minister Andre Giraud arrived in Canberra last night, hoping to heal relations with Australia after a bitter rift over New Caledonia. AFPAFP - 29 words
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Article63 1988-02-22 18 Reuter THE West German member of an historians' panel which probed Kurt Waldheim's wartime past yesterday said the Austrian president should resign. Historian Manfred Messerschmidt told a British television interviewer in London that the question at stake was not only whether Waldheim knew about NaziReuter - 63 words
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Article51 1988-02-22 18 Reuter GREEK Cypriots voted for a new president yesterday with both candidates pledging early talks with the TurkishCypriot community to end the 14-year division of the island. Polls close at 6pm (1600 GMT) with the result expected from a simple majority by today morning.Reuter - 51 words
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Article45 1988-02-22 18 Bernama THE Barisan National and Partai Social ia Rakyat Malaysia (PSRM) have finalised preparations for the Tajung Puteri state by-election. Nomination day for the by-elec-tion is today and if there is a contest, polling will be on March 5. BernamaBernama - 45 words
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Article41 1988-02-22 18 AFP OPPOSITION leaders from India's 13 left- and right-wing parties have identified 22 "urgent" issues at a meeting yesterday and decided to "coordinate floor action" against the government when parliament opens today, a spokesman said. AFPAFP - 41 words
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Page 18 Advertisements
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Advertisement680 1988-02-22 18 Get your free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available: 1. Matsushita Electronics (S) Pte Ltd will invest another $31m in Singapore. 2. When prospects of the stock market are not so bright, people apparently turn to games680 words
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Advertisement110 1988-02-22 18 Martat R«vt«ws, PagM 12 ft 14 Swatow Restaurants (Teochew Cuisine at its very best) Swatow's Fa Cat Ytt Sheng (Raw Fish) $15 Sl $20 During this festive season, we have also specially prepared many other traditional Teochew dishes for your Chinese New Year celebrations I i S >«* a JBL110 words
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SHIPPING TIMES
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204 1988-02-22 19 Seatrade Week AMERICAN PRESIDENT Lines wants to build and operate modern container handling facilities at three Indian ports. .It has reportedly made overtures to the Indian Surface Transport Ministry for permission to build and manage terminals at Ballard Pier in Bombay,Seatrade Week - 204 words
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281 1988-02-22 19 G DURAIRAJ - By G DURAIRAJ PORT KLANG has been chosen by the Bangkok-based Economic and Social Commission for Asia and Pacific (Escap) to develop a model port tariff structure. The Malaysian port is one of four ports in the region selected by the UN agency281 words
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277 1988-02-22 19 THE "PRICE" of getting cargo off Sydney's clogged wharves has jumped from the usual bottle of whisky to cash payments of between Assoo in a few weeks, the Federal Opposition claimed in parliament. Industrial Relations spokesman Senator Fred277 words
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PORTSIDES
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Article122 1988-02-22 19 Reuter ARGENTINE port workers continued an indefinite strike in demand of a 32 per cent wage increase, union sources said. However, the stoppage called by the Sole Union of Port Administration Workers only affects about 20 per cent of the goods coming into Buenos Aires port,Reuter - 122 words
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Article65 1988-02-22 19 Reuter THE FAR Eastern Freight Conference said it was adjusting currency adjustment factors (CAF) for cargoes from France to 32 per cent from 36.5 per cent and from Taiwan to 36.5 per cent from 41 per cent. After adjustment for the 3.35 per cent European Area Differential,Reuter - 65 words
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130 1988-02-22 19 Reuter TOURISTS aboard a Swedish-flagged cruise ship had their vacations cut short by a mutiny off Costa Rica, Costa Rican Security Ministry officials said. Crew members of the Galaxias, which was to cruise the Caribbean via the Panama Canal, staged a rebellion off theReuter - 130 words
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Article163 1988-02-22 20 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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118 1988-02-22 20 A JOINT Arab company for land and sea transportation will be operational as from March 1. The company named Arab Bridge Company is a joint venture involving Iraq, Jordan and Egypt It will run goods and passengers' sea transport from the fled Sea port118 words
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Article348 1988-02-22 20 Lloyd's List TWO OF LONDON'S leading shipbroking firms have merged to become one of the largest sale and purchase houses in the capital. Eggar Forrester (Holdings) Limited has acquired C W Kellock and Company, although both will continue to trade under their original identities. The moveLloyd's List - 348 words
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Article893 1988-02-22 20 PRICES continue to rise in the demolition sector to surpass the US$24O per light ton level Brokers reported that sale of the Century Castie (ex Esso Castellon), motor tanker of 15,420 light tons built 1968, to a Taiwanese breaker for about US$245 per light ton. Taiwanese breakers also purchased893 words
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Article1020 1988-02-22 20 AB Shpg V 5 ABC Contain*' vw 1 Accord Shpg VI 3 Ahroniuol linor XI 3 Africa Ocaan XN 2 ANtrora VI 3 AC Toaplar XI 5 AmarKOn Tpit XN 4/5 Anro Sarvica IV 2/3 Arrow linos H 5 Anon Ocaon 4 Attas lin* 1 s AN(1,020 words
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317 1988-02-22 20 Reuter THE FREQUENCY and scope of strikes over pay and conditions at two of Rotterdam's giant oil storage companies increased as the FNV port union piles on the pressure and calls on foreign unions to refuse to handle diverted ships. FNV spokesman BertReuter - 317 words
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414 1988-02-22 21 Lloyd s List TWO UNITED STATES oil majors have switched their tankers to the Bermuda register so that they can fly the British flag to obtain UK Royal Navy protection in the MidEast Gulf. Mobil Corp has placed three large tankers whileLloyd s List - 414 words
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Article, Illustration213 1988-02-22 21 THE President Truman, one of five vessels to be built by American President Lines in West German yards, will be completed at the end of April. The naming ceremony will be performed in Kiel by Mrs Hannelore Kohl, wife of the Chancellor213 words
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Article65 1988-02-22 21 Reuter THE St Lawrence Seaway Authority said it expects the seaway to open for navigation during the week of March 28. The exact date will depend on the progress of work on the Wei land Canal. Firm opening dates will be announced as early inReuter - 65 words
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166 1988-02-22 21 Reuter AN IRANIAN oil tanker recently repaired after an Iraqi air attack has collided with a Cypriot ship in the Gulf, shipping sources said. They said the 106,790tonne Khark 2, hit by a missile in September, collided with the 217,257tonne oreReuter - 166 words
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174 1988-02-22 21 Reuter WORLD LAID-UP tanker tonnage fell slightly to 11.16 million tonnes dw (121 vessels) in January from 11.09 million (128) at end-December, Lloyds of London Press said. The latest total included 14 vessels of 200,000 to 299,999 tonnes dw totalling 3.62 million tonnesReuter - 174 words
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Article, Illustration59 1988-02-22 21 DATUK TIK MUBTAFFA, 42. has been appointed as the general manager for Kuantan Port Authority (KPA). Datuk Tik, a career civil servant, last held the post of Pahang state financial officer. He was appointed to the new position succeeding Haji Fadzil Yusof who has returned to the59 words
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8316 1988-02-22 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 of8,316 words
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Article1323 1988-02-22 27 GRAIN bulkers offering March loading days in the US Gulf found rates for the Japan voyage weakening to US$26 (fio) on the London shiping freights market on Thursday. Continental paid that rate to the Milito for a 52.000-ton first-half March consignment The US North Pacific loading area, on1,323 words
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Article1385 1988-02-22 27 AT CONVENTIONAL WHARVES JURONG PORT Pomorac J8'9 alongside *****700 VMMt Barth Arrival Departure Seiahtera J2 alongside 22 02/2300 KEPPEL WHARVES Citra JuwitO J3 *****000 23 02 1500 Darsa Jaya IX Jl 2202,0700 22 02-2300 Aconcoguo Amur No 2 Cherry Koto Mutioro Koto Rotnc K18 KI9 <33 K3I1,385 words
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Article2038 1988-02-22 28 Who acts for whom A—-B AB Shipping Boustead Shpg Agencies. ABC Containerize NV S pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Lines Sealion Shpg (S). Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Ocean us < Shipping Agencies (S) Multiport Sdn Bhd (PK). All trans Alltrans Express.2,038 words
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348 1988-02-22 30 AP Reuter SOUTH KOREAs shipbuilders received less new orders last year but had more backlog orders than their Japanese competitors. Industry officials at the Korea Shipbuilders Association said that South Korean shipyards received 3.43 million gross tons of new orders forAP; Reuter - 348 words
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Article190 1988-02-22 30 Feb 22-25 Insurance solvency assessment, Insurance Reinsurance Research Group course. The Gloucester Hotel, Harrington Gardens. London SW7. Feb 28-March 4 Forecasting shipping markets. Cambridge Academy of Transport course. University Arms Hotel, Cambridge. March I*3 Cargo insurance clauses workshop organised by Insurance Reinsurance Research Group. Royal Horseguards Hotel, Whitehall190 words
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178 1988-02-22 30 Kingsley Wood - From Kingsley Wood AUSTRALIAN maritime trade unions have lifted a seven-year old ban against flag of convenience ships loading coal in New South Wales. Following talks between the New South Wales Coal Owners' Association, the maritime trades unions and the178 words
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Page 19 Advertisements
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Advertisement574 1988-02-22 19 aV V STP Distributors slU^ rmts PuM</w>9 Group President Truman to be completed by end April, Page 111 w Orient Overseas Cmieimt Line WW/ Jardines JARDINE SMIPftNC AttNCIES (Rog Ht 242**OOK* 200 Cantonmont Rood #12-05 Southpoint, Sinppore 0201 Td *****11 TELEX NO RS ***** TERMINAL/CFS Tel *****1! 220 BOOKINGS Td574 words
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Advertisement98 1988-02-22 19 mm TWO OF LONDON'S leading shipbroking firms have merged to become one of the largest sale and purchase houses in the capital. Pag* II TWO UNITED STATES oil majors have switched their tankers to the Bermuda register so that they can fly the British flag to obtain UK Royal Navy98 words
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Advertisement764 1988-02-22 19 DISS STP Distributors Timn ummi Gray* SINGAPORE/LISBON 1} DAYS SINGAPORE/LEIXOES XI DATS Next Sailing Luna Maerck Voy. 8804 ETD SINGAPORE 2S/02/88 TMi «M> Luna M CWng Tmt CY 24* 2300 MRS CFS 24/2 1300 HRS To Furop* UH Scanrtmx*!* Fmla^d Th(i MM Luna M Ctoewig T«na CY 24/2 2300 MRS764 words
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Advertisement713 1988-02-22 20 Ml Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON TOKIO EXPRESS KOWLOON BAY BENAVON OSAKA BAY KITANO MARU LARGS BAY HAMBURG BREMERHAVEN 16/3 18/3 26/3 28/3 2/4 4/4 9/4 11/4 15/4 17/4 20/4 22/4 ROTTERDAM/I ANTWERP ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN, COPENHAGEN. AARHUS, GOTHENBURG MALMO713 words
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Advertisement18 1988-02-22 20 Lines and services represented by /vKv Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association18 words
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Advertisement425 1988-02-22 20 CHA RGEURS REUNIS f; J rt» 4* m 3» IN' AP< f NQUtPIf S <>?? I* 44 A ??SSHSI Sport SAN JUAN 21/fc 10. ESTERO 14/04 LA RIOJA am Optorg Shipping Pte. Ltd XEL M A L MPQI t ikil c inr f VPR£SA I iNf AS VAfc MAS AMf.f425 words
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Page 21 Advertisements
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Advertisement584 1988-02-22 21 The Straits Steamship Group STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok F&O Containers I 1 i»"rii BENAVON OtMUk MY RITANOMMI LAMS BAY NOW ROW EXPRESS CAftOMMM BAY Hamburg express yokio ana Abo Accepting Cargo For: NaaMwf to Capanhagan. Airtoia, ctlintn. Mm*. Stockhotn. Matamti. *»n«iton to Awhwra. Otto584 words
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Advertisement628 1988-02-22 21 C S AV EUROPE Tm?s 'i urns* semtm VESSEL TAIWAN SENATM y" r M NTCH SENATM I v. f 1 11 USA/PANAMA ra tin tun mjj 11 m MM Il.n 05 04 17J4 15.04 |BJ4 an 21.04 oj4 aj4 IMS LOAO I*l TO USA/CANADA WEEKLY FULL CONTAINER SERVICE FEEDER P.628 words
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Page 22 Advertisements
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Advertisement321 1988-02-22 22 EXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE Singapore Loading for:29/2 BANDAR ABBAS (2nd call) IRAN SHOJAAT IKVOWAi WS* KYOWA LINE Singapore Loading for: 27/2 JAYA, LAE, HRA, TLG, LTK, MALAU MICRONESIA SERVICE SPORE PK LOAD FOR A VESSEL 25/2 27/2 SAIPAN, GUAM, TRUK, PONAPE, EBE,321 words
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Advertisement867 1988-02-22 22 V£*i *lu«' ICS.LINE IHHi IHWf CM*—*"** FULLY CONTAINERISED SERVICE TO EUROPE Vlft SUE/ 01 lhf (f Coosoclmm ORIENTAL CHIEF MW NEPTUNE DIAMOND 74W KOREAN JACEWON 62W NEPTUNE CRYSTAL 44W CHINA CONTAINER 44W HONGKONG CONTAINER KOREAN JACEJIN UN FROM I JROPE VIA Mrmbet ol Ihf At* Comorlwm HONGKONG CONTAINER S3E 1/3867 words
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Advertisement293 1988-02-22 22 IWa FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CHITTABON6: sailing 25/2 6/3 mmrnmr* FOR: PORTO, LISBON. ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ISTANBUL U.S.A. PORT MORESBY, RABUAL, LAE KIETA, MADANG KIMBE NOUMEA 31/3 SUVA7LAUTOKA 31/3 AUCKLAND, WELLINGTON LYTTELTON, DUNEDIN NAPIER293 words
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Advertisement946 1988-02-22 22 d EVERGREEN hill Contjmrt St'tvm* Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTING CARGO TO: 1) PROVIDENCE. NEWARK SAVANNAH. BOSTON PHILADELPHIA. NORFOLK. JACXSOWVIUX WILMINGTON BERMUDA. ITC 2) ATLANTA. CHICAGO. HTIKNT. COLUMUS OTHER MAJOR MCROBRIDGE KSTINATKWS I) CRISTOBAL. BALBOA. PANAMA CITY. COUW. SAN JUAN SANTO OQWNCO NEW ORLEANS. HOUSTON. LNBON CURACAO VM KINGTON946 words
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Advertisement801 1988-02-22 23 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 vesml MAJAPAHIT HOT A EAGLE HOT A SOMA OOWA FAR EAST CONTAINER SERVICE VOY SIN jkt IMS 23/4 MM 20/4 IONOA 20/3 21/3 20/3 30/3 1/4 «/4 07SS S/3 W1 13/3 MM OMIT OMIT 1M OMIT801 words
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Advertisement575 1988-02-22 23 r~: BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT IS PXLAM tTON NAM IKAVt* ROM NAM nn an w iu w i» ao H MfS w m m an u/3 i« an i/t n* vi M mm w w IVI iv mi an an \n* m on on m mm575 words
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Advertisement484 1988-02-22 23 *> EXPRESS SEMI CONTAINEIISNIP SERVICES EUR VSL/VOY PALEMBANG/9WB 24-26/2 GANOA BHAKTI/20WB 12-14/3 15/4 S. PANJANG/MWB 23-25/3 KUTAI/14WB 21-30/3 BILBAO ANTWERP H BURG/ RDAM/ADAM BREMEN 30/3 2/4 15/4 11/4 21/4 25/4 ?S 4 -V 5 9/5 I«MmI to ALSO ACCEPTING BOTH c6NTAINERS. CONVENTIONAL CARGO VIA T/S TO UK PORTS. HUU. LE484 words
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Advertisement426 1988-02-22 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) HTONEYWA V232W 22/24 fee PA-AN VI2IW 22/24 Fab W AWA VIM 21/2J Feb PAGAN Vl2s* 3 5 Mar Loading for Rangoon P.Kelang Penang Bangkok 11/15 Fab 25/21 Fab 17/12 Fab BANK LINE EXPRESS SEMI-CONTAINER SERVICE NORTHBOUND TO UKC SPORE ROAM NULL426 words
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Page 24 Advertisements
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Advertisement1320 1988-02-22 24 SHIPPinG-DATfI s&. ATLflrmC COAST (Round-The-World Service) LB CHLS 19 Mar 29 NUr 26 Mar 5 Apr 2 Apr 12 Apr NEPTUNE GARNET Vl3 Ski 25 Feb 19 Mar ORIENTAL FREEDOM VlB 28 Feb 3 Mar 2S Mar ORIENTAL FAITH V 7 5 Mar 10 Mar 2 Apr •VIA FEEDER PACIFIC1,320 words
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Advertisement724 1988-02-22 24 INDIA EXPRESS CONTAINER SERVICE THEOOOft FONTANE V ISN SO NAGALAND V 3*H THEOOOR FONTANE V ltN INDIAN COURIER V SO TRIPURA VMM RAVIDAS V 394 THEOOOR FONTANE V 17N INDIAN COURIER V JON INDIA/JAPAN/INDIA SERVICE Accepting FCL Contatncrs and Conventional Cargo Alao accapta Matata ft Steal Producta aatt" H r724 words
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Advertisement713 1988-02-22 24 GOLDEN LINE GUAN GUAN SWPMG (PIE) LTD a. T«M Ajrtf Strwt SINGAPORE 0104 TIL STRAITS/PERSIAN GULF SERVICE: GOLDEN HAVEN Cotombo Kararti/Duba. GOLDEN LAND Colombo Karachi Dubai CHINA SERVICE A VCSSCL Stianftiai'Hsmkanf TIL S3OW (It LINES) Fu: »OSM S port P KdM Penang 21/29 Feb 12/14 Iter 26/27 Feb :ean shipping713 words
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Advertisement518 1988-02-22 24 ™e yn mm 1/3. 7/3. 14/3 MOMBASA. DARESSALAM BEIRA TAMATAVE. REUNION TANCA i-B PHIII OWfNT LIN€S PTC LTD MEAD Off ICE 63 ROBINSON ROAD -0' 12 AfRO ASIA BUILOiNG SINGAPORE 01C6 TELEX RS ?87?0 PHIU fA* 2?***** 31 i LAT7AJCIA. BENGHAZI TRIPOLI, ALEXANDRIA PORT SATO. PIRAEUS CASABLANCA. LtMMASOL. WALFTIA. ADEN518 words
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Page 25 Advertisements
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Advertisement950 1988-02-22 25 iik ip" fN i K.Lumpuf NEPLINE SON. BH> VyNEPTUNE ORIENT L NES LTD NEFLIWESON. BHI JBahru NEPLINE SON BHI FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A mtmbtr of th« ACE Cofioor TO EUROPE/UK (VIA SUEZ):! I 0 CHIEF SM (27/2) 29 2 IS/3 19/3 20/3 N DIAMOND MM. (4/3) 6/3 24/3950 words
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Advertisement374 1988-02-22 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG, BUSAN. INCHON STRAITS/KOREA 1 MO JI container to be transhipped at Buvin Korea CALLING INCHON DIRECTLY ON OMM General Survey at Godown PPW PIC on 22/02/ M from I DONA* HIS/N I— 1200 H«MV Nol S POHf A374 words
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Advertisement700 1988-02-22 25 m 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. KELANG PINANG H/s HANDLING SYSTEM CO SON BHD MFSSRS MAI THONG SNIPPING 127 Penjng Street700 words
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Advertisement22 1988-02-22 25 11 a j h MADJU SENDIRIAN BERHAD 20-1? Tonq Fnq Puiidinq Sinqapore 0106 Tel 22^8787 3 REGULAR VESSEL SERVICE TO BELAWAN WEEKLY22 words
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Page 26 Advertisements
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Advertisement365 1988-02-22 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (30 Lines FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTFRACHT/SEEREEDERE I ROSTOCH INTEGRATED FULL CONTAINER SERVICE "VIA COLOMBO: Accepting carfo tar INDIA Bombay, Cochin, Medras i Calcutta "VIA LARNACA Accepting cargo tor Lattako, Piraeus,365 words
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Page 26 Miscellaneous
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Miscellaneous161 1988-02-22 26 Regional Weather <-■ 01 N v j X V. k \s «•> SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND C cT w Wind direction with speed m knots Wove height R Thunderstorm Temperature c J. hower Weather Wmd direction with speed m knots Rom Cloudy Sky161 words
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Page 27 Advertisements
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Advertisement775 1988-02-22 27 CRYSTAL 4 CFS freight services pte ltd Tel: *****88 (8 Lines) Tlx: ***** Fa*: *****88 REGULAR CONSOL PORTS: LA/NY 23/2, 1/3 BOMBAY 27/2,19/3 ROT/HAM 24/2,27/2 COLOMBO 23/2,29/2 AUCK/WEL 23/2, 4/3 CHITTG 22/2,27/2 SYD/MEL 23/2, 2/3 BUSAN 25/2, 3/3 KEE KAO 21/2,28/2 H.KONG 21/2, 1/3 TOK/YOK 22/2,29/2 BANGKOK 22/2,27/2 P.K/PEN 20/2,27/2775 words
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Advertisement260 1988-02-22 27 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. IRAQI LINE IM()I S' *T i 5) IQ» ■intTiHf T*IBS»C« T EAST BOUND SERVICE ETA S PORE LOADtNC FOR ALFARABI m Japan MV SINDBAD m Japan WEST BOUND SERVICE ETA SPORE LOADING FO« MV ALFARABI iH Auuiu THROUGH B/La to BAGHDAD UPON REQUEST ALSO260 words
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Page 28 Advertisements
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Advertisement703 1988-02-22 28 FINF-LINFH SHIPPING PTK LTD 1 Wi, 04 0?C Marin i House Spore 0?07 Tf t ??S9on 1 mes) T[* RS .'MI FI INF R fAX ??W* EUROPE SERVICE n: n y,.n rm ijna:'.iv 11 n im U/l V 3 FAR EAST SERVICE an jm 11/1 I u/i w m a/i703 words
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Advertisement327 1988-02-22 28 ZIM FULL CONTAINER SERVICE accept m g rCL/LCL carfoot to USA Ext t West Coait CjTibbtan Ea»l Canada. HAITI Cottj Rica. El Salvador. Guatemala Honduras Venezuela Peru Ecuador. Colombia via Miami Trinidad Barbados. Antifua SI. Lucia. HontMrrat. Guayana via Kinpton EMT JJJiBiTraTW-'.w 41 frlji., M ACCEPTtNfi CARGO TO ADELAIDE VIA327 words
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Advertisement608 1988-02-22 28 f Everett Lines TC& COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHER blr'B T Em r -1 'lx 'f '.'T CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Ptnang* P. Mianf* Nippon MURRAYEVERETT Gdn K2l/22 FA THOMASEVERETT 4* Mar HUGHEVERETT 11/13 Mar EVERETT608 words
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Page 29 Advertisements
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Advertisement158 1988-02-22 29 Lpttb mmm LCL WEEKLY SERVICE TO: BAMOKOK HAM/BAH* «/3 HONOKONO 2?i "OTTtROAM 1/3 2SS®*°JJ® TILBURY PM MANTLE 1M SYD/MELB J/, aoclaioc an (transit Mm# 12 days) WEEKLY COMSOL. SERVICE FROM GERMANY rn« mm, IXO ET* SPORE COH CARRIER Sift! vj *n CON-CARRIER S7j«7 11/2 LCL SERVICE TO CARIBBEAN PORTS aun158 words
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Advertisement117 1988-02-22 29 P.T. TY I YAN bAIVIUUKB SHIPPING COY BATAM Vessel EVER STURDY Sailing RICROL 3 DUMAI RUMBAI Vessel RICROL 3 Sailing Every Monday Every Wednesday (Fortnightly) Every Wednesday (Fortnightly) Envi Services Pte Ltd Tel P*****5 Tlx RS r i6491 ENVISV Fax: ?9507?8 TAI KUANG HANG CO PTE LTD Vessel MV CHRISTINA117 words
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Advertisement536 1988-02-22 29 SMt KWANG HANG LCL/FCL SERVICE Alao aocapMng cargo to PNQ P.MORESBY, WET A. RABAUL. LAE. MAOANQ. WEWAK. SOLOMON ISLANDS HONIARA NEW CALEOOMA NOUMEA TAHITI PAPEETE E. MALAYSIA I BRUNEI EUROPE. USA. CANADA S AUSTRALIA TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST UiL'KU LUCKY SEAWAT SERVICES PTE ITO Tic *****536 words
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Advertisement488 1988-02-22 29 POH TIONG CHOON SHIPPING (PTE) LTD TEL: *****66 (10 LINES) FAX: *****41 TELEX: R*****6 POHSHIP PTC GROUP LCL/FCL SERVICE TO KEELUNG/KAO 28/2 6/3 13/3 BUSAN 1/3 ft/3 15/3 HONG KONG 22/2 1/3 7/3 TOKYO/YOKO 25/2 3/3 18/3 BANGKOK 27/2 5/3 12/3 UK/EUROPE 24/2 9/3 21/3 JAKARTA 25/2 USA/CANADA 6/3 14/2488 words
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Advertisement409 1988-02-22 29 d TTWim (Porfcct ChMu Ocmh Stn»i«f Linm) Dwtinations: FROM POUT KELANG/SINGAPORE SHANTOU, GUANGZHOU HUANGPU, XIAMEN WFFkI V HAIKOU, ZHANJIANG XINGANG, QINCDAO SA L NGS SHANGHAI t OTHER POUTS SINGAPORE AGENTS: PKELANG/KLUMPUR AGENTS: RAP® SHIPPING PTE LTD JOHANN FREIGHT S/B. TEL: *****77 TLX: 22*5 TEL: *****25/6/7 TLX: *****, CONSOLIDATION SERVICE C;409 words
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Page 30 Advertisements
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Advertisement1176 1988-02-22 30 Hai Sun Hup Co (Pte) Ltd TFL ??***** (20 Lines! TLX RS ***** 8. RS ***** fc. I \M I K\ \K I l\l K III) STRAITS/ JAPAN/ STRAITS SERVICE iPECIALIST IN RO-R0 HEAVY LIFTS 'Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG. TAIWAN CHINESE PORTS, SUBJECT1,176 words
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Advertisement722 1988-02-22 30 BSBO, CALL US AT: P. KELANG PENANG i. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****3/*****1 04-*****2/4, *****3 07-*****8 '07-*****3, *****5, *****0, *****1 •02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE fEEDCR B. BUTANC 415 B. BUTANC CI B BUTANC m B BUTANC 48 OTHtR OCSTINATIONS AARHUS AMSTERDAM ANTWERP. BASLE,722 words
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