The Business Times, 12 April 1988

Microfilm: NL16127
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, APRIL 12, 1988 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    232 1 Reuter Dow Jones higher WALL STREET stocks were mixed yesterday as blue chips issues climbed again. The Dow 30 was up five to 2095 after hitting resistance at 2098 earlier. Gainers and decliners were in balance. Reuter Footsie higher LONDON share prices were steady around yesterday's highs
    Reuter  -  232 words
  • Article
    New Sesdaq trading system in the offing
    480 1  -  Transactions through electronic order book By CORRINA LIM THE FIRST PHASE of the Stock Exchange of Singapore's new floor trading system will kick off within the next two months with a new Sesdaq trading system. At a press conference yesterday, SES data processing
    480 words
  • Article, Illustration
    Stocks rise in major Asian markets
    230 1 MAJOR STOCK MARKETS in the region rose yesterday, bolstered by Wall Street's surge on Friday and strong gains in Tokyo. The Japanese stockmarket continued to race ahead on continued momentum from last Thursday, when the Nikkei Index soared to a record high. However, fears
    230 words
  • Article
    Dollar closes firmer on Asian exchanges
    147 1 THE US DOLLAR yesterday closed slightly higher sgainst the Singapore dollar and major trading currenciea in Asian foreign exchange markets. The dollar moved narrowly in quiet trading owing to the reluctance by dealers to take big positions ahead of two important events this week.
    147 words
  • Article
    Pahang shareholders advised to file claims with liquidators
    411 1 THE KUALA LUMPUR Stock Exchange has advised shareholders of scandal-plagued Pahang Investment PLC to file their claims with the liquidators of the company. In a press release signed by KLSE chairman Nik Mohamed Oin, the exchange also urged "persons who are unfamiliar
    411 words
  • Article, Illustration
    Lock icon NICs urged to help correct trade imbalance
    253 1 Agencies FOR THE SECOND TIME in as many days, the newly industrialising countries (NICs) in Asia have been called upon by the West to participate more actively in the international attempt to redress global trade imbalances and stabilise currencies. In a statement released
    Agencies  -  253 words
  • Article
    PM's visit will not focus on bilateral issues
    517 1  -  By RICHARD SEAH BILATERAL ISSUES will rank low on the agenda of Prime Minister Lee Kuan Yew's five-day visit to the United States which starts today. Contrary to popular perception, Mr Lee is not visiting the US to smoothen out differences over
    517 words
  • Article, Illustration
    David Cheng faces four more CBT charges
    273 1 FOUR fresh charges of criminal breach of trust involving $4.3 million belonging to Oah Yung Investment was yesterday brought against David Cheng Heng Soon, bringing the total allegedly misappropriated by the former executive director to more than $10 million. Cheng is alleged to
    273 words
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      28 1 Nikon The Wond's Finest Photoq'aptnc System Hurry and visit us at: 1-EiSRy DESIGN CENTRE 5 Eunos Avenue 8A (Off Paya Lobar Expressway) Singapore 1440 MON-FRI 9AM-6PM SAT 9AM-IPM
      28 words
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      Page 1 Advertisements Column 2
      338 1 A tourism backlash AUSTRALIANS are increasingly worried about the 'Japanisation' of their tourist industry. The spectre of the Japanese tourist flying in on Japan Air Lines, staying in a Japanese-owned hotel, spending his money in Japanese-owned gift shops and eating at Japanese-owned restaurants is arousing national sentiments. See Page 10
      338 words
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      52 words
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  • HOME NEWS
    • Article
      Signs of slowdown in growth of private building sector
      440 2  -  By LEE HAN SHIH Property Correspondent THE VALUE of new building jobs from the private sector continued to grow, but there are initial signs that the growth may be tapering off. According to figures released by the Ministry of National Development
      440 words
    • Article
      Foundation's project offers chance to buy a bouquet and save a life
      150 2 THE NATIONAL Kidney Foundation has launched an ongoing project with three florist companies to raise funds for its new dialysis centre. Under the project, called Floraf Impressions, 22 per cent of proceeds from the sale of bouquets by
      150 words
    • Article
      Sembawang forms rig subsidiary
      187 2 THE SEMBAWANG GROUP has set up a new company to handle its latest diversification into offshore rig and special marine vessel construction. It said yesterday the whollyowned subsidiary, Sembawang Bethlehem Re Ltd, will manage the assets which the group acquired recently from Bethlehem Singapore Pte Ltd.
      187 words
    • Article
      Murdani to hold talks with ministers during visit
      187 2 GENERAL Benny Murdani, the Indonesian Minister of Defence and Security, arrives in Singapore today for a two-day visit. He is in the Republic at the invitation of Mr Goh Chok Tong, the First Deputy Prime Minister and Minister for Defence. General Murdani,
      187 words
    • Article
      TDB forms advisory group on Indian trade
      309 2  -  By MARTIN SOONG A SPECIAL advisory group on India has bean set up by the Trade Development Board (TDB) to explore trading opportunities between the two countries. Informed sources say the group of 11 people, all private sector businessmen including Scotts Holdings chairman
      309 words
    • Article, Illustration
      PSC chairman dies
      218 2 A TOP public servant and captain of industry, Mr Tan Teck Chwee, died on Sunday night from leukaemia. Mr Tan, 70, had been chairman of the Public Service Commission (PSC) since 1975, and also chaired Jurong Shipyard Ltd and Jurong Engineering Ltd. In a message of condolence
      218 words
    • Article
      Top lata body holding meeting
      122 2 THE HIGHEST decisionmaking body within the International Air Transport Association (lata), its technical committee, is holding a two-day meeting in Singapore beginning today. At the meeting at the Hyatt Regency hotel, the committee comprising 25 elected senior vicepresidents of the major lata international airlines will
      122 words
    • Article
      No agreement in aviation talks with France
      180 2 SINGAPORE and French civil aviation officials, who met recently in Paris to review their existing Air Services Agreement (ASA), did not reach an agreement and will meet for further consultations before the end of this year. Ouring the consultations in Paris from April
      180 words
    • Article
      Mitsubishi award for distributor
      303 2 THE SINGAPORE distributor of Mitsubishi trucks has received Mitsubishi Motors Corporation's award for outstanding performance. Goldbelt Engineering won the 1987 Triple Diamond Commemoration award for its impressive sales of the Mitsubishi FUSO range of heavy goods trucks. Since becoming the distributor in 1980. Goldbell has raised
      303 words
    • Article
      New place for area office
      85 2 THE HDB's Jurong West area office has moved to its new premises at Jurong West St 51 with effect from yesterday. Residents of Block 401 to 455 and 501 to 559 in Jurong West will now find it more convenient to visit the area office
      85 words
    • Article
      Joint defence exercise
      47 2 SINGAPORE and Malaysia will hold an air defence exercise from today to Friday under the auspices of the Five Power Defence Arrangement. During this period, aircraft will be flying at low levels from 6am to 10pm. The public is advised not to be alarmed
      47 words
    • Article
      Corrections and clarifications
      60 2 BT's story last Friday on the proposal by some agencies to lift the ban on new Filipino maids coming to Singapore reported a Labour Ministry official saying there were no objections to the proposal because it did not involve the ministry. The official actually did not comment
      60 words
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      137 2 4 i i-V /< t j > 1 iij" -tv n* y^sm m :*sr„ x ,wm ■'■-vS- DigiNet: Transmit Data In A Flash In a flash of light that's how signals travel through DigiNet. DigiNet is our new digital communication service for sending high volume and time sensitive information. Using
      137 words
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  • ASIA-PACIFIC
    • Article
      Lock icon Australia drops three-way airline merger plan with NZ
      296 3 Reuter AUSTRALIA has abandoned plans for a three-way merger ot its domestic and international carriers with New Zealand's national airline. Plans to include the domestic Australian airlines in the merger were dropped because of difficulties. Transport Minister Gareth Evans said in a
      Reuter  -  296 words
    • Article
      Lock icon HK hires Dutch consultant for new airport
      120 3 Reuter THE HONGKONG government has appointed Netherlands Airport Consultants BV (NAC) to carry out a 15-month study on alternative sites for a replacement international airport in the western harbour area. An official statement yesterday said the latest study is one of a series
      Reuter  -  120 words
    • Article
      Lock icon Vietnam asks for release of Spratly prisoners
      246 3 AFP VIETNAM has demanded from China a list of prisoners held after an incident last month on the disputed Spratly islands and that Hanoi be allowed to send rescue ships to "people in distress" on them, the Vietnam News Agency (VNA) said. Vietnamese
      AFP  -  246 words
    • Article, Illustration
      Pakistani plan to buy Awacs faces setback
      580 3  -  By HARISH MEHTA of the Foreign Desk PAKISTANI plans to acquire Airborne Warning and Control System (Awacs) from the US could receive a further setback in view of the Soviet Union's likely withdrawal from Afghanistan. Pakistan had impressed upon tfje US that it
      580 words
    • Article
      Lock icon Aquino's China visit to focus on trade deficit
      170 3 AFP PRESIDENT Corazon Aquino says her trip to China this week is intended to address Manila's trade deficit with Beijing and improve bilateral relations. In a pre-taped radio interview broadcast in Manila on Sunday, she also said she hoped her visit would
      AFP  -  170 words
    • Article
      Lock icon Black economy looms in the Philippines
      138 3 AFP THE underground economy beyond the reach of Philippine tax collectors accounted for more than half of the country's total output of goods and services in 1967. The paper Business Star said yesterday that unofficial transactions totalled 377 billion pesos last year, or 55
      AFP  -  138 words
    • Article
      Lock icon Indonesia confining new gold hunts to remote areas of Irian Jaya
      211 3 Reuter INDONESIA is limiting new gold exploration to the remote eastern province of Irian Jaya because of problems with thousands of illegal prospectors, Director General of Mines Sutaryo Sigit said. "We will not license any new company to explore
      Reuter  -  211 words
    • Article, Illustration
      Lock icon Suharto takes industrial countries to task
      341 3 Problems of developing nations worsening, he tells Escap AFP INDONESIAN President Suharto yesterday blamed industrial countries for compounding the economic problems of developing countries by failing to control exchange rates and adopting protectionist policies. Mr Suharto told the United Nations Economic And Social Commission
      AFP  -  341 words
    • Article
      Lock icon Asian-Pacific states meet on jobs and the poor
      312 3 Reuter ASIAN-PACIFIC countries will discuss a plan to boost jobs, cut poverty and harness new technologies at a conference of 47 states in the region opened by President Suharto of Indonesia yesterday. Warning of a serious rise in unemployment in the AsianPacific
      Reuter  -  312 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
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      37 words
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      Page 3 Advertisements Column 2
      275 3 Ask for Brother's brilliant Laser Printer This new second generation super-advanced Laser Printer puts all your present printers in the Brother s new HL-8 is faster, quieter and easier to use. It offers advanced price/performance features, plus a huge built-in 1 megabyte memory (optionally expandable with additional boards), compared to
      275 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      198 3 mm Max/ Not* Min (°C) 23/13 Haze 08/05 Cloudy 25/12 Clear 29/21 Cloudy 35/27 Sunny 29/ Cloudy 19/10 O'cost 21/13 Cloudy 18/10 Cloudy unov 24/16 Cloudy 10/01 Cloudy 24/18 Showers 12/03 Clear 22/10 Clear 31/14 Cloudy 07-06 Clear 18/10 Shower* 28/18 Cloudy 20/03 Cloudy 07-02 Cloudy 33/25 Shower* unov 09/03
      198 words
    • Miscellaneous
      Page 3 Miscellaneous Column 2
      86 3 Doonesbury Bujorr, I tmrr rrtoAs TOWOUUhOS NICARASUANS, RESPONSIBLE FOR. SIR. INTEUJTHISPEACEH GENCSHAS NICARAGUA f CONFIRMS? i mm m a i ?> mM. M M w mm is m 'jJIIU Lt* -+Z L&SaiMljy ft 7? n it V* m II B J-llll—iiig'im" iijp'll.. BY GARRY TRUDEAU ever sincbvb arias peace PLAN,
      86 words
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  • REST OF THE WORLD
    • Article
      Lock icon Gorbachev challenged to break down oppression
      387 4 Reuter RONALD REAGAN has issued a pre-summit challenge to Mikhail Gorbachev, urging him to tear down what he called a "grim, invisible wall of oppression" in the Soviet Union and open his country more fully to the western media. Mr Reagan said on Sunday
      Reuter  -  387 words
    • Article
      Lock icon Researchers raise production forecast for West Germany
      245 4 Reuter WEST GERMANY'S Economic Research Institute (IFO) is revising its 1988 production growth estimate for West Germany's manufacturing industry slightly upwards, mainly because of a revival in domestic demand. The institute s analyst Hans Baumann said he expects production to rise by between
      Reuter  -  245 words
    • Article
      Lock icon Czech party leader favours reform
      259 4 Reuter CZECHOSLOVAKIA must streamline its economy and abandon much of its central planning, party leader Milos Jakes said in remarks published on Sunday, that echoed the reform drive in the Soviet Union. "We should abandon excessive economic centralism. The economy is simply not efficient enough,"
      Reuter  -  259 words
    • Article, Illustration
      Lock icon Danish nuclear ship row threatens ties with Nato
      330 4 Reuter DENMARK'S political opposition is pressing for a stricter ban on nuclear weapons aboard visiting Nato ships, threatening the country's already thorny relationship with its Western allies. An opposition Socialist People's Party resolution due for debate on Thursday will demand guarantees by
      Reuter  -  330 words
    • Article
      Lock icon US trade bill may remove oil tax
      410 4 NYT IT WILL BE THE end of the line for one of the most vigorously debated pieces of legislation of the Carter administration, the 1980 crude oil windfall profit tax. if President Reagan signs Congress s omnibus trade Bill. Because oil prices have
      NYT  -  410 words
    • Article
      Lock icon Israel should withdraw from Gaza Strip, says Kissinger
      180 4 AFP FORMER US Secretary of State Henry Kissinger said Israel should withdraw from the Gaza Strip and part of the West Bank to defensible borders. "I think Israel should give up the Gaza Strip and some of the territory of the West
      AFP  -  180 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      953 4 ARRIVALS Operator Sorvico Local From numbor tiro* JAL JL617 0340 TYO CAL CJ333 0405 TPC MAS MH603 0620 KUL AC AC584 0725 YYZ/YHZ/ MAS MU/Da MH640 0820 KUL SV SV398 0835 JED/RUH SU SQ417 0845 DXI/KH MAS MH651 0910 PB4 MAS MH630 0920 KUL NW NW906 0925
      953 words
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      191 4 Europe with Thai t |1I I J rati: m «i- 1 L 4M > -V- > •AX j&iwS vwf ,-V-X "V ni< Tl r iia 'f E|yi I r i J f to jS I vil rm i—nC 'jtjy ■Jy*_ V; .t, < Jtf IL.-■!>:. --*r- i iit y L.'
      191 words
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      Page 4 Advertisements Column 2
      57 4 'IV \l JI Irl If The business person's choice, every I II I II I Tuesday. Thursday, Saturday and I 1 fl\\ II II I Sunday. Leaving Chongi Airport at J- JL 22:05 hours and orrivtng at Lester B. Pearson International Airport the following day Coll your Travel Agent or
      57 words
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      412 5 *> >-'-r t.?C .4*# 4> 4 1 3P$P* s^isSEr* vvt'-a pfev> »A*j* w|# '3ssSr s £ff3gß|sfef >'• frr v > jj »#C<-* Stw i l liPsfpsg- U SSmI ft 4 ,-'i re3*SS*& Occasional h has to put one mtutrf *«v u foot <lo\Vll si m m to one r whos
      412 words
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  • COMMODITIES
    • Article
      Lock icon Opec overtures seen as a new beginning
      1213 6 Enlarged membership expected to fortify industry NYT EMBATTLED but far from dead, the Organisation of Petroleum Exporting Countries is embarking on a great new adventure: trying to assemble what amounts to a global oil coalition. In a stunning announcement last Saturday night, members
      NYT  -  1,213 words
    • Article
      Lock icon Sri Lanka plans to buy rice from China, Pakistan
      207 6 AFP SRI LANKA is planning to buy 40,000 tonnes of rice from China and Pakistan for delivery by December, Food Commissioner Graham Dissanayake said. This will be in addition to the 80,000 tonnes bought from the two countries in January. Mr
      AFP  -  207 words
    • Article
      Lock icon Bigger coffee crop likely
      123 6 Rauter COLOMBIAN coffee producers expect a bumper harvest of 13.2 or 13.3 million 60-kg bags in the crop year ending September, up 20 per cent from the previous year and sharply up on previous estimates of around 12 million bags, the manager of the Colombian Coffee
      Rauter  -  123 words
    • Article
      Oil and Products
      53 6 OPEC's announcement of a full meeting together with non-Opec nations boosted prices across the board. Closing prices for crude (FOB origin) US$/borr»l Oang* Topis (Apr) 16.30 0.15 Minoi (Apr) 15.80 0.14 Dubai (May) 15 00 1.00 W«t T»«oi WTI (Mor)' 16.90 -0.15 N«w York do«« previous doy
      53 words
    • Article
      Produce Prices
      197 6 Chinese Produce Exchange Sellers' noon dosing prices on April 11 (S$/100 kg) Coconut oil Bulk FOB 103.00 Old drum FOB 117.00 New drum FOB 113.00 Copra Mixed (loose) 59 sellers Pepper Muotok white FOB NIW 1105.00 Sarawak white FOB foq NIW 1090.00 Sarawak special block FOB NIW 792.50
      197 words
    • Article
      Lock icon KL Tin
      176 6 Reuter THE KLTM price eased eight cents from lest Friday's dose to M 517.37 a kg yesterday on increased supplies. Turnover ipse to 71 tonnes from 42 on Friday because of week-end accumulation, and dealers noted some renewed Japanese demand at the lower level after recent absence because
      Reuter  -  176 words
    • Article, Illustration
      Lock icon French group to drill for oil just outside Paris in July
      196 6 Reuter FRENCH OIL GROUP Societe Nationale Elf Aquitaine will start drilling for oil just outside Paris in July. Elf holds a 50 per cent stake in the lie De France Permit, which covers 1,520 sq km and contains the
      Reuter  -  196 words
    • Article
      Lock icon More Statoil tests planned to test field
      64 6 Reuter DEN NORSKE Stats Oljelselskap A/S (Statoil), testing a Barents Sea gas find, yesterday said its first production test had shown poor production properties in the reservoir and more wells were needed to appraise the field. The test on block 7226/11 was cut
      Reuter  -  64 words
    • Article
      Lock icon Palm Oil
      363 6 Bernama ES Reuter Malaysian crude palm oil futures closed steady in moderate trading on the Kuala Lumpur Commodity Exchange yesterday. Dealers said prices rose marginally due to a higher Friday close on the Chicago market. The market was also aided by reports of India's purchase of 12,000 tonnes
      Bernama ES; Reuter  -  363 words
    • Article
      SSR and SMR
      78 6 (ewm/kg) MAY 1988 JUNE 1988 (current month) (forward month) RAS NOON NOON tvyart StN+r* 8vy*n SMan SSI 20 230.00 232.00N 230.00 232.00N sse 50 228.50 2 30. SON 228.50 230JON MRELB lvy*n T|TT||| SM* CV 361.00 363.00N 362.00 364.00N SMR I 366.50 368.SON 367.50 369.50N SMS 5
      78 words
    • Article
      Lock icon Rubber
      391 6 Reuter SINGAPORE The rubber market closed firmer yesterday with May 1 RSS buyers quoted at 236.00 cents/kilo, up six cents from last Friday's erase, dealers said. They said prices rose 1.50 cents at the outset in line with higher Tokyo advices and Friday's afterhour firmer trend here. Thereafter prices
      Reuter  -  391 words
    • Article
      Lock icon Tin price has survived Crash, says report
      361 6 Bernama ES THE PRICE of tin on the Kuala Lumpur Tin Market (KLTM) survived the rigorous test of worldwide stockmarket slump in October last year. In its latest quarterly market report, Malaysian Tin, published by the Tin Industry Research and Development Board, said
      Bernama ES  -  361 words
    • Article
      Lock icon World market expected to improve
      158 6 Bernama ES THE WORLD TIN market is expected to improve further in the second half of this year with prices of the metal gradually improving towards normalcy. Executive secretary of the Association of Tin Producing Countries (ATPC) Redzuan Sumun said recently the forecast was based
      Bernama ES  -  158 words
    • Article
      Lock icon Brazil in bid to rationalise sector
      100 6 Reuter MOVES by Brazil to rationalise its fledgling tin industry will make it easier to maintain stable world prices for the metal, according to a Brazilian official who attended a tin producers' meeting in Kuala Lumpur. Samuel Hanan, head of Brazil's Tin Extraction Industry
      Reuter  -  100 words
    • Article
      Lock icon Study group urged
      51 6 Bernama ES THE ASSOCIATION of Tin Producing Countries has proposed the establishment of an international tin study group under the auspices of the United Nations Commission for Trade and Development. It said last Friday in Kuala Lumpur that the group would also monitor global tin developments. Bernama
      Bernama ES  -  51 words
    • Article
      RAS and MRELB
      240 6 RAS prices in S ce«t»/kg, FOB In t»l« NOON CLOSE Buyers Sellers Buyers Sellers bit 1 RSS Prompt 235.00 236.00N 237.00 238.00N lm 1 RSS Moy 88 234.00 235.00N 236.00 237.00 Int 1 RSS June 236.00 237.00 238.00 239.00 bit 2 RSS OP 232.00 234.00N 234.00 236.00N
      240 words
    • Article
      Lock icon Precious Metals
      290 6 Reuter HONGKONG: Gold closed slightly higher in lacklustre trading yesterday. The metal shrugged oft the firm closing tone of the US dollar Bullion ended at U*****.40/450.90 an ounce against an initial 450.50/451.00 and compared with Saturday's close here of U*****.50/450 00. On the local market, gold rose HK$lO
      Reuter  -  290 words
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      Page 6 Advertisements Column 1
      45 6 M igfor iese.. •zm I wish to order copy/copies of the Japanese Products And Services In Singapore Buyers' Guide I book/s. Payment attached. Address: Tel: Cost par copy is 5540.00 WESLEY PUBUSHING HOUSE fO Anson Road #45-02 memHonS Ptaa S'por« 0207 Ttf *****31 Fax: *****73
      45 words
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      Page 7 Advertisements Column 1
      100 7 K_yhe discovery of a new dish, so it is said, does more for the happiness of mankind than the discovery of a star. This month our chef selects: 'e \±Je Terrine of smoked eel and trout with horseradish sauce enhanced with Beluga caviar. Duckling millefeuille in a Mandarin orange-flavoured pepper
      100 words
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  • MONEY AND EXCHANGES
    • Article
      Simex
      443 8 JUNE Eurodollar opened seven ticks higher on Simex yesterday from previous close at 92.59 on short cover rally in late trading session in Chicago News of a sharply higher oil price saw the June contract traded off to 92.57. The steady dollar and lacked of fresh indicators saw the
      443 words
    • Article
      Lock icon IMM
      257 8 Reuter IMM currency futures settled with modest gains after fluctuating within previously established trading ranges throughout the session Friday. Locals dominated quiet trade, floor sources said. Traders anticipate some easing in currencies early this week ahead of the G-7 and IMF meetings in Washington, and ahead of the US
      Reuter  -  257 words
    • Article
      Lock icon Asian dollar market
      332 8 Reuter ASIAN DOLLAR deposit rates closed little changed from opening levels yesterday, after a day of quiet trading. Most operators were sidelined awaiting this week's Group of Seven (G-7) industrial nations meeting and the release of key US economic data, including February trade figures. Short-dates were unchanged
      Reuter  -  332 words
    • Article
      Lock icon Forex markets
      1673 8 Reuter SINGAPORE: The US dollar ended firmer yesterday against most major currencies here, with its rise mainly registering during afternoon trading, dealers said. The dollar firmed to a late 126.10/20 yen from an early 125.65/75 and New York's Friday 125.70/80 close, and to 1.6800/10 marks from 1.6750/60 and
      Reuter  -  1,673 words
    • Article
      Money markets
      61 8 THE OVERNIGHT rate on the Singapore interbank market closed point lower yesterday to end at 2%. One and two months were unchanged, while three months rose 1/16 point. S$ Interbank rates at 12 naon yester day: OfFW BID night 2 3/4 2 1/2 1-monfto 3 1/8 3 2-morrtti
      61 words
    • Article
      Government securities market
      80 8 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****E 07.7.88 3.00 2.95 2.97 2.95 6 months BY*****H 22.9.88 3.10 3.05 1 year BY*****Z 23.3.89 3.17 3.12 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BIO
      80 words
    • Article, Illustration
      World interest rates
      194 8 Indicates the average of the prime lending rate* of 12 ma|or banks in S'pore Interbank market rates (offer/bid) on April 11 7 days 3 6 mffc 12 Mlh us$ 7 6 7/8 7 1/16 6 13/16 7 1/8 7 7 5/16 3/16 7 11/16 9/16 8 1/8
      194 words
    • Article
      Options
      1605 8 CURRENCY FUTURES OPTIONS Mondoy, April 11 1988 DEISTSC HEM ARK (8IMEX) 1 e 8 May s High Low Sad High Low Saa 54 CA8 55 CAB 56 1 57 291A 286 2 5% 199 A 194 8 59 117A 113 268 28 AO 58A 54 658 69 61 24A
      1,605 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Jumbo takeover loan brings life to credit market
      621 9 IHT THE INTERNATIONAL credit market burst into activity last week, after the slow end to the first quarter, with a jumbo takeover financing and a full calendar of standard borrowings. A USSI.3-billion transatlantic takeover loan is being arranged by Chase Manhattan for
      IHT  -  621 words
    • Article
      Lock icon China to start trading in treasury bonds
      150 9 Reuter CHINA will begin secondary market trading of treasury bonds in seven cities this month, the official New China News Agency said in Beijing yesterday. Trading will be limited to bonds issued in 1985 and 1986 and held by individuals. Markets will be
      Reuter  -  150 words
    • Article
      Lock icon Banks will open early this week, says Panamanian President
      290 9 AFP PRESIDENT Manuel Solis Palma of Panama said on Sunday that banks would open for some transactions early this week for the first time in more than a month, though he acknowledged that Panama's main problem remained the lack of dollars.
      AFP  -  290 words
    • Article, Illustration
      Amex poised to take over as market leader
      579 9  -  By LEE HAN SHIH RIDING ON A net gain of some 1,500 new members every month, American Express is poised to take over from Visa as the biggest card issuer in Singapore. "We should overtake Visa in the next two years," predicted
      579 words
    • Article
      Lock icon Colorado committee to urge bail-out plan
      471 9 NYT A PROPOSAL to bail out 14 failed industrial banks and pay 9,000 depositors who have been waiting six months for their savings is expected to be presented to the legislature in Denver this week. The Industrial Bank Oversight Committee, a panel of legislators
      NYT  -  471 words
    • Article
      Lock icon Forfaiters hope to benefit from change of tack by export bodies
      750 9 The Economist FORFAITERS trade debts. At a discount, they buy IOUs from exporters in developed countries for goods sold to importers in other countries. The debts, for example bills of exchange, are bundled into tradeable securities and sold to
      The Economist  -  750 words
    • Article
      Lock icon Aussie interest rates at crucial point
      163 9 Reuter mt HtScRVE BANK'S response to a policy dilemma over the Australian dollar exchange rate may determine the course of interest rates in Australia through 1988 Westpac Banking Corp said in its monthly economic review that falling inflation, an improving trade balance and an
      Reuter  -  163 words
    • Article
      Financial seminar begins today
      134 9 A THREE-DAY conference and workshop on financial topics, organised by the Institute for International Research, begins today at the Dynasty Hotel. Speakers at the financial officers' seminar conducted today and tomorrow include well-known executives from the financial and commercial sectors such as Mr Michael Wong Pakshong,
      134 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      175 9 vCkuuiiwwt Open from 12pm to 2.30pm (lunch): 7.30pm to 10.30pm (dinner). House speciality: Lobster with Chilli Sauce in Chariot. So V .Open from 12pm to 2.30pm (lunch), except Sat. Sun Pub. Hoi.; 7pm to 10.30pm (dinner), except Sun. House speciality: Les Escargot Bourguignonne (Snails Burgundy). Whatever your culinaiy fancy, you'll
      175 words
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      Page 9 Advertisements Column 2
      136 9 Opinions may differ. But they hardly do on this point. i 7 i t c W i '&sot!f§§ i BLAUPUNKT BOSCH Qroup It's a small point But it makes a world of difference. Some crave power. Others set great store by a car's length. Others won't do without a 4-wheel
      136 words
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  • PERSPECTIVE
    • Article
      Corporatisation: What it means
      487 10 THE MOVE to allow architects and engineers to team up and form companies brings Singapore in line with the trend in countries such as the United Kingdom, Australia, Hongkong and the United States. Corporatisation puts building professionals on a stronger business footing, allowing them to offer
      487 words
    • Article, Illustration
      Australia — going, going ...
      1622 10  - Australia going, going Australians are becoming increasingly concerned over the rapid 'Japanisation' of their tourism industry. The Japanese are a dominant group of investors in key hotels throughout the country and are buying tourist attractions as well, such as the Lone Pine koala bear sanctuary in Brisbane. FLORENCE CHONG reports
      1,622 words
    • Article
      The clash of goals
      675 10  -  Viewpoint When parents are faced with the choice of more education or more children By TAN KEE WEE THERE IS A CERTAIN beguiling contradiction in the routes which our community treads to achieve its goals. All are aware of the intense pressure the community sets on
      675 words
    • Article, Illustration
      Lock icon Koreans preparing to conquer the skies
      665 11 South Korean manufacturers want to export airplanes and other aviation industry components. The following article surveys some of the hopes of this fledgling industry, while the accompanying report points to a not so palatable face of Korean industry the sweat shops where people work
      AP  -  665 words
    • Article, Illustration
      Lock icon The dark side of a booming economy
      846 11 NYT PAST THE ROWS of charred sewing machines, amid the smoke-blackened piles of timber and cinder blocks, lie the keepsakes of the women who worked and died here. These were among the remains of the Green Hill Textile Co: a snapshot of a
      NYT  -  846 words
    • REGIONAL VIEWOINTS
      • Article
        Time for action
        104 11 Our weekly aummary of what other publication* have to aay about laauea of regional Intereat. THE PHILIPPINES "NOW THAT Gringo Honasan has escaped, what do we do? Wring our hands? Sit on them? The first would be futile; the second could be fatal... "What is important now
        104 words
      • Article
        Value of bases
        165 11 "SHOULD ASIA start shouldering the burden of its own defence? It is a question that lies at the heart of talks now taking place in Manila on the future of US bases in the Philippines. "In 1967 the founding declaration of Asean recognised the presence of foreign
        165 words
      • Article
        Bank's priority
        151 11 INDONESIA "THE NEW GOVERNOR of the central bank (Bank Indonesia), Adrianus Mooy, quite accurately singles out employment generation and export promotion as the top priority objectives of his monetary policy. "We think there are several issues which the central bank should address in light of supporting the two
        151 words
      • Article
        Fear of backlash
        92 11 THAILAND "FAR MORE foreign companies wish to make investments than there are opportunities currently available. They realise the benefits of joining in Thailand's development in the fastest growing region in the world. "Yet there is an increased wariness on the part of foreign investors in the form
        92 words
      • Article
        What's the delay?
        77 11 MALAYSIA WHEN (British Prime Minister) Mrs Thatcher was here in April 1985, she spoke of 'a new era of greater cooperation'. (British Foreifln Secretary) Sir Geoffrey Howe has called for a 'partnership across the board', and cited cooperation on such practical matters as market access. investment, new
        77 words
      • Article
        Role in debt crisis
        137 11 JAPAN "JAPAN HAS CONCLUDED an agreement to reschedule US$5lO million of yen denominated loans owed by the Philippines, stretching out maturities and slashing interest rates on the bulk of the loans from 8 per cent... "Japan was not the first to extend a helping hand to
        137 words
      • Article
        Speaking freely
        166 11 CHINA "THE BRITISH ROLE in keeping the Dalai Lama quiet is all the more regrettable because Whitehall needs to hear every side of the argument on the Tibetan question. Since China has stated its case, it should now be the Dalai Lama's turn to express himself freely in
        166 words
      • Article
        Matter of honour
        108 11 HONGKONG "EVEN THOUGH the annual HK$l2O million bill for the feeding, clothing, sheltering and schooling of the 9,700 (Vietnamese) refugees is unfairly borne by the Hongkong public, the dispute between the territory and Britain over their future is not a good enough reason for this hospitality to
        108 words
      • Article
        Maintaining steam
        102 11 'HONGKONG already boasts the largest container port in the world. The HK54.39 billion bid by Hongkong International Terminals (HIT) for a further expansion of its sprawling waterfront development in Kwai Chung is not the end of the development. With the government pondering the plans by a consortium, led
        102 words
      • Article
        Enter the Qiwi
        120 11 AUSTRALIA "THE DISCUSSION between the Australian Minister for Transport and Communications, Senator Evans, and the New Zealand Minister for Civil Aviation, Mr Jeffries on forming a Pacific super-carrier Air Qiwi? opens a number of exciting possibilities... "The economies of scale and the synergies among the three airlines
        120 words
      • Article
        Bhopal's shadow
        120 11 INDIA "THE RULING of the Indian courts in the Bhopal case this week will, if upheld, turn a terrible tragedy for the victims of the toxic gas leak into a setback for all of India. It will cast a significant shadow on the drive for modernisation begun by
        120 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      181 10 M onagers ust anage BT shows you how every Monday. SUCCESSFUL EXECUTIVES Are you looking for a change of career? A job that would bring you into contact with the best and brightest in Singapore, and put you at the very heart of business and economy? Then consider a switch
      181 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      694 10 CRYPTIC PUZZLE ACROSS 3 It's difficult when you're not limbered up (5) 8 Author's half dead enemy (5) 10 You can sing them in a sari (5) 11 It's a bit appalling, chum! (3) 12 A flat area used for aeronautics (5) 13 A god to Henry, an official to
      694 words
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  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1240 11 w wb aaans 12 7.30 PM Opening Announcement and Programme Highlights followed by Carol Burnett And Friends. Ray Charles and Emmet Kelly appear as guests. 8.00 Ring Of Rre Dream Wanderers Of Borneo. In Borneo, Lawrence and Lome Blair sought the nomadic Pun an Dyaks, the "dream wandering" tribe which
      1,240 words
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  • SPORTS & LEISURE
    • Article, Illustration
      And now, for Hongkong...
      439 12  -  By WALTON MORAIS AFTER COMPLETING a milestone 4-1 victory over Syria in the Davis Cup Asia-Oceania Group II quarter-final match in Damascus on Sunday, the Singapore squad returns home today with plenty to sort out. Team manager Tan Poh Seng, coach Joe Brooke and Singapore Lawn
      439 words
    • Article
      Lock icon Sabatini makes Navratilova sweat for Family Circle Magazine Cup title
      274 12 UPI MARTINA NAVRATILOVA struggled to a 6-1, 4-6, 6-4 victory over Gabriels Sabatini on Sunday to claim the title in the US$3OO,OOO Family Circle Magazine Cup. In the third set of the final in South Carolina, Navratilova and Sabatini were
      UPI  -  274 words
    • Article, Illustration
      Lock icon Lyle gets the green jacket
      671 13 AP SANDY LYLE didn't expect to birdie the 18th hole Mark Calcavecchia didn't expect Lyle to birdie the 18th hole But he did. "You've been there so many times over the years," Lyle said. "You try to put things out of your mind, concentrate on
      AP  -  671 words
    • Article, Illustration
      Lock icon Holyfield wants to hit the big time as heavyweight
      359 13 UPI CRUISERWEIGHT champion Evander Holyfield will surely look like a heavyweight come summer. However, it is questionable whether he II ever hit like one. I don't think I really caught him on the chin." Holyfield said in explaining why he was
      UPI  -  359 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      245 12 4 COURVOISIERXO-Where to eat, drink... Grills Greens I < M A choice of 18 salads, five cold cuts, soup, three roasts, eight grills 12 desserts. What more could you ask for? The entire buffet spread is yours for $25.50 per adult $15.00 per child under 12. BARON'S TABLE. BAROIfg Simply
      245 words
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      Page 12 Advertisements Column 2
      123 12 MALAYSIAN HIGH TEA ONLY $7.00++ o Try Something Malaysian Style "HIGH TEA" From three to six every afternoon your choice of 15 Buffet spread of delicious Kueh Lapis, Kueh Dadah, Mee Siam, Kueh Kuchee, Agar Agar Gundil, Bubor Hitam, Gula Melaka and many more. Unlimited servings Time: 3.00 6.00pm Venue:
      123 words
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      Page 12 Advertisements Column 3
      223 12 DEUCIOZO HYATT Mama Mia! Pete's Place introduces more exciting gastronomic treats for all lovers of Italian food. SOUP AND SALAD Light eaters can now select from a variety of four homemade soups and help themselves to our ever popular salad bar. $10.50* EARLY BIRD SPECIAL A complimentary bowl of salad
      223 words
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      Page 12 Advertisements Column 4
      225 12 SUNDAY FAMILY LUNCH Bring the family for a fabulous meal of fresh seafood and Chinese dishes from our a la cane menu. At a generous 25% off the bill. But only on Sundays between 11.30 am and 2.30pm. And for a limited period. ZS3 9 I SUTSrmnd. Enjoy Our Prompt
      225 words
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      Page 12 Advertisements Column 5
      227 12 r A feast fit for Greek Gods It's the most inviting spread of exotic Greek favourites this side of Athens. With Midya Dolmasi (mussels), Shish Kebab, Oktapothi Krasato (cuttlefish in red wine), Galato Boureko (custard pie), Baklava and more! Even if it's all Greek, at $31 for adults and $15*
      227 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      373 13 and entertain 4 übertuK dtall I w w So much to choose for only $21.50 A sumptuous spread with many different types of appetisers, hot and cold soups, a salad selection...superb pastries, truffles, tortes...cheese board, fresh fruit, freshly brewed coffee All for $21.50 And for $27.50 you can add a
      373 words
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      Page 13 Advertisements Column 2
      539 13 An introduction tO^n^r^ Compiled for right-handed players Left-handed players please reverse instructions. FOREHAND VOLLEY The volley is used to hit the bad m the ar before it bounces It is used mostty when the player is near the net 1 Grip Continental Same as the serve Racquet head shoulder height
      539 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Share prices close mixed in dull trading
      4811 14 THE SINGAPORE stockmarket closed mixed yesterday. The performance put up by the local bourse failed to measure up to expectations following the sharp rises both in Wall Street last Friday and the Tokyo stockmarket yesterday. Trading continued to be lacklustre, with institutional players
      4,811 words
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  • COMPANY NEWS
    • Article, Illustration
      Foreign exchange losses eat into Prima's net profit
      447 15  -  By ROSIE TAN PRIMA LTD, which posted a net profit of $22.39 million last year, could have done better if not for foreign exchange losses of $3 million debited to its reserve account and its profit and loss statement. The flour milling
      447 words
    • Article
      Lock icon Lion Corp extends closing date
      116 15 Reuter NEW ZEALAND-BASED Lion Corp Ltd is extending the closing date for its offer to shareholders of retailer L D Nathan and Co Ltd to April 26 from April 11. The brewer said in a statement yesterday it was entitled to 95.2 per cent of
      Reuter  -  116 words
    • Article
      Lock icon Talam expects Taat Seng to contribute M$360,000 to profit
      655 15 MBT TALAM CORP's proposed acquisition of Taat Seng Estate is expected to contribute a profit before taxation of about M 5360,000 to the group for the current financial year ending Jan 31 1989. The gross profit contribution amounts to 4.6 cents
      MBT  -  655 words
    • Article
      Business done on the SES
      3401 15 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified All Time Settlement Contracts aie quoted after the word "SETT".
      3,401 words
    • Article, Illustration
      FELS spending $20m in modernisation plan
      408 15 FAR EAST-LEVINGSTON Shipbuilding Ltd (FELS) is embarking on a $20 million programme to modernise its Pioneer yard in preparation for better times in the next decade. By April next year, the yard which was once used for repairs by the defunct Mitsubishi Singapore Heavy
      408 words
    • Article
      Bayshore developer to lend HK$105m to Chevy Chase
      554 15  -  Borrower to raise stake in Ocean Front by 39.55 pc By LONG SHIH ROME OCEAN FRONT Pte Ltd, developer of the Bayshore Park condominiums, will grant a HK$lO5 million loan to Chevy Chase Inc, a Liberian-incorpo-rated stockbroking firm, to enable it to
      554 words
    • Article
      Lock icon Kampong Lanjut to buy shares in Ayer Hitam Tin, Berjaya Corp
      156 15 Bernama KAMPONG LANJUT Tin Dredging Bhd which recently announced a bonus issue and share-split has gone on an acquisition trail of Ayer Hitam Tin Dredging Bhd and Berjaya Corporation Bhd. Kampong Lanjut said in a statement yesterday that it
      Bernama  -  156 words
    • Article
      Hotel Royal becomes trustee stock
      234 15 hotel ROYAL LTD is the latest company to join the growing list of approved stocks that may be bought with CPF savings. A statement from the Central Provident Fund said Hotel Royal would be added to the list today, bringing the total number of trustee
      234 words
    • Article
      SNP recommends 7.5pc dividend
      77 15 SINGAPORE National Printers Ltd has recommended a first and final tax-exempt dividend of 7.5 per cent for the year ended Dec 31, 1987, which if approved at the annual general meeting on May 25 will be paid on May 31. An interim tax-exempt dividend of 5
      77 words
    • Article
      Lock icon Tan Chong's Made-in-Malaysia car project taking shape
      473 15 MBT TAN CHONG MOTOR Holdings' Made-in-Malaysia car is underway with the project being undertaken by subsidiary Tan Chong Motor Assemblies together with its principal, Nissan Motor Co of Japan. The basic stages involve local assembly of the engine, manufacture of the transmission and
      MBT  -  473 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      196 15 INTERNATIONAL HOTEL FOR SALE CHRISTCHURCH NEW ZEALAND To facilitate a change of investment direction our client company wishes to sell one of its Hotels. The Elms Hotel located in Papanui Road Christchurch was built in 1986 opening in October It has: 76 rooms of an international standard provides full Conference
      196 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Japanese companies in race to produce substitutes for ozone-destroying chemicals
      367 16 Reuter JAPANESE COMPANIES, urged on by environmental concerns and potential profits, are in a race to find substitutes for chemicals which are being blamed for destroying the earth's protective ozone layer. The chemicals, chlorofluorocarbons (CFC's), are widely used as industrial
      Reuter  -  367 words
    • Article
      Lock icon Canberra clears way for Murdoch to raise stake
      263 16 AFP THE GOVERNMENT in Canberra last Sunday cleared the way for media magnate Rupert Murdoch's News Corporation Ltd to increase its share in Reuters International News agency by investing more in an Australian holding company. Treasurer Paul Keating said in a written
      AFP  -  263 words
    • Article
      Lock icon BHP to be listed on Tokyo exchange
      147 16 AFP AUSTRALIA'S leading mining and industrial giant Broken Hill Proprietary Ltd (BHP) is to list its shares on the Tokyo Stock Exchange today. "We expect that our Tokyo listing will provide wider visibility for the company in what is now the world's fastest
      AFP  -  147 words
    • Article
      Lock icon Wharf declines comment
      91 16 Reuter WHARF (HOLDINGS) LTD has said it has no comment on rumours resurfacing in Paris that it is planning to take a stake in French hotel group Accor. "I prefer not to say anything at this moment," a company spokesman said. He added that Wharf is interested
      Reuter  -  91 words
    • Article
      Lock icon Hitachi to make 32-bit MPUs
      65 16 Reuter HITACHI LTD will soon begin full-scale production of a 32-bit microprocessor unit (MPU) and will ship samples of two other MPUs later this year. The MPUs will help Hitachi develop sales of application specific integrated circuits, a company spokesman said in Tokyo last Friday.
      Reuter  -  65 words
    • Article
      Lock icon Air New Zealand signs NZ$60m engine deal
      73 16 Reuter AIR NEW ZEALAND Ltd has signed a contract worth about NZ$6O million with Rolls-Royce PLC for engines to power its first Boeing 747-400. The airline said in a statement that the contract covers six RB2II-524G engines. spares, tooling and engineering establishment costs.
      Reuter  -  73 words
    • Article
      KL prices close steadier
      2645 16 KEEN INTEREST in blue chips gave a boost to the Kuala Lumpur stock market yesterday enabling prices to close steadier in lacklustre trading. Most counters were traded within narrow margins. Dealers noted that there was some definite interest shown by institutional and foreign buyers as evidenced
      2,645 words
    • Article
      Unit trusts
      291 16 Manog«r»' prices for April 12 Singapore Unit Tru Th* Coau**rc* 0 93 Th* Savings fund 0 79 S pom Prog Fund 037 S'por* S*c fund 063 S'por* ln»«st fund 0t7 S'por* ftju.fy fund 045 Asia Unit Trust Mol lnv*st fund 1 32 Ma' Prog fund 033 Mo' Security
      291 words
    • Article
      Stocks end higher
      1415 16 Hongkong PRICES on the Hongkong market closed at the day's highs yesterday, dominated by bullish sentiment which contributed to a firm stand above the key Hang Seng Index chart point of 2,600. The index ended the day 31.14 points higher at 2.651.01, with most of the gains
      1,415 words
    • Article
      Lock icon Honda may raise output
      107 16 Reuter HONDA MOTOR Co Ltd is considering raising car production at its wholly owned Honda of America Mfg Inc (HAM) in Marysville, Ohio, and Honda Canada Inc (HC), in Scarborough. Ontario, because of higher demand in the US. A Honda spokesman said Honda initially planned to
      Reuter  -  107 words
    • Article
      Lock icon Tokyo
      488 16 Reuter TOKYO share prices closed up yesterday on momentum carried over from last Thursday, when the Nikkei Index soared to a new peak, with confidence further bolstered by Wall Street's surge on Friday. brokers said. However, a fear that margin requirements would be further tightened should the index surpass
      Reuter  -  488 words
    • Article
      Lock icon Sydney
      457 16 Reuter THE AUSTRALIAN share market closed sharply stronger in all sectors yesterday, although turnover was light. By the close of floor trading the All Ordinaries had gained 28.7 to 1,453.7, its highest since Oct 24 when it reached 1,515.1. Brokers said the market's strength had been boosted by record
      Reuter  -  457 words
    • Article
      Lock icon Bangkok
      164 16 Reuter THE SECURITIES Exchange of Thailand Index edged up 1.79 to 396.13 yesterday on a turnover of 4,433,665 shares worth 430.34 million baht. A** 11 BAMT Ao Kham Thai 200 +f- 10 -1 Ayudhya investment Bangkok Agro-lnd 152 Bangkok Bank 331 Bank Of Ayudhya 360 Charoong Thai Wire A
      Reuter  -  164 words
    • Article
      Taipei
      293 16 AM 11 MT AM Sinew* Indua 3 02 -013 Asia Camarrt 78 00 +1 Cathay Con* 82 00 0 5 Chang Hwa Bank 355 00 +20 Chang Loong 66 00 +1 Chia Hain Cement 62 SO +1 Chin Hain Flour 22 20 -0 2 China Cham 35 30 -0.3
      293 words
    • Article
      Manila
      84 16 AM 11 pesos Aco)« Mining Anglo Phil Apei Mining B Atlas Con B.... Baguio Gotd Basic Pa«ro»«om Banguat Con B Firat Phil MWgs Lapanto B Marcoppar 0011 003 25 50 0 016 ao 9 048 080 uncti uncft 35 -0 001 uncfi ♦0# uncti uncft Oriental B 0 04
      84 words
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      400 16 NOTICES SOUTHERN SHIPMANAGEMENT (SINGAPORE) PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING (Pursuant to Section 308(1)) NOTICE IS HEREBY GIVEN In pursuance to Section 308(1) of the Companies Act, Cap 50. that a general meeting of members and creditors of the abovenamed company will be held at
      400 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Plan to sell Deutsche Texaco confirmed
      173 17 Reuter TEXACO Inc has confirmed plans to sell its West German subsidiary. Deutsche Texaco AG. A Deutsche Texaco spokesman said in Hamburg on Sunday that Texaco Inc had informed the supervisory and management boards of the 99.1 per cent-held West German subsidiary of its
      Reuter  -  173 words
    • Article
      Lock icon Siemens prepared to take in SGS-Thomson for microchip project
      314 17 Reuter SIEMENS AG said it would welcome participation by SGSThomson Microelectronics in an ambitious European microchip project but the Italian- and French-based group would not necessarily have an equal stake. The Siemens statement followed complaints last week from SGS-Thomson that Siemens
      Reuter  -  314 words
    • Article
      Lock icon Audi dismisses takeover report
      65 17 Reuter VOLKSWAGEN AG's (Audi AG) has described as speculative a report in the West German newspaper, Boersenzeitung, that it was planning to take over luxury sports car maker Dr Ing H C F Porsche AG. An Audi spokesman said the report was pure speculation* whle a
      Reuter  -  65 words
    • Article
      Lock icon Glaxo to set up new research centre
      187 17 Reuter GLAXO HOLDINGS PLC plans to set up a new UK research and development centre in Stevenage, north of London. The centre is expected to open in the early *****, according to a spokesman. Details will be given today at a presentation for
      Reuter  -  187 words
    • Article
      Lock icon 'Hachette would sell Grolier unit to Disney'
      108 17 Reuter HACHETTE SA and Walt Disney Co said if Hachette's bid for Grolier Inc is successful under the terms of its outstanding US$24 per share tender offer, Hachette would sell Grolier's Childcraft Education Corp to Disney for US$52 million, subject to adjustment. Edison,
      Reuter  -  108 words
    • Article
      Lock icon Settlement in sight for Hunts?
      86 17 Reuter THE HUNT BROTHERS could settle their US$l.5 billion dispute with their creditor banks within two weeks, according to the lawyer for the Hunts Placid Oil Co. "Nothing is in writing yet but both parties feel that we can come to a resolution fairly quickly,"
      Reuter  -  86 words
    • Article
      Lock icon Disney drops proposed MGM studio backlot venture
      220 17 Reuter WALT DISNEY Co has decided to withdraw from its proposed Disney/MGM studio backlot venture after concluding the project is financially unfeasible. Disney, facing a May 5 deadline to commit itself to the studio backlot concept, last Friday cited high investment and operating
      Reuter  -  220 words
    • Article, Illustration
      Lock icon Benedetti and rivals may want to avoid a showdown
      748 17 Tussle for Societe Generate continues Reuter AFTER A HUGELY expensive three-month battle, Italian tycoon Carlo De Benedetti and rivals wrestling for control of Belgium's biggest company may declare peace or at least a truce in time for a special shareholders' meeting
      Reuter  -  748 words
    • Article
      Lock icon Fuel standards may cause GM to close plants
      165 17 Reuter GENERAL MOTORS Corp says it may be forced to close plants and cut back on its future product plans if the US government does not roll back fuel economy standards. The US carmaker made this disclosure last Friday in its annual
      Reuter  -  165 words
    • Article
      Lock icon Tate's bid for Staley shaping up to be a bitter fight
      420 17 NYT THE BID LAST FRIDAY by Britain's Tate Lyle PLC for Staley Continental Inc is already shaping up as perhaps the most acrimonious takeover battle the sweetener industry has ever seen. Tate Lyle is offering Staley's stockholders US$32 a
      NYT  -  420 words
    • Article
      Selected indices
      116 17 HONGKONG Hongkong Index Monday 1.***** Friday 1,***** Week ogo Closed Hang Seng Index Monday 2.***** Friday 2.***** Week ogo Closed All Industrials Monday 2.3455 Friday 2.299 0 Week ogo Closed NEW YORK Dow Jones Fridoy 2.***** Thursday 2.062 17 Week ago Closed TOKYO Nikkei Average Monday 26.924 87
      116 words
    • Article
      Lock icon Microsoft files countersuit against Apple Computer
      130 17 NYT THE MICROSOFT CORP filed a countersuit last week charging that Apple Computer Inc had broken a 1985 settlement agreement between the two companies and had interfered with Microsoft's relationship with other software developers. Microsoft's filing was in response to the suit Apple filed
      NYT  -  130 words
    • Article
      Lock icon Kansas City Southern to appeal against verdict
      163 17 Reuter KANSAS CITY Southern Industries (KCSI) plans to appeal a verdict against it and its principal railroad subsidiary, the Kansas City Southern Railway Co (KCSR), in a civil anti-trust and tort suit brought by the state of South Dakota. The company said the
      Reuter  -  163 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      309 17 NOTICE NOTICE IS HEREBY GIVEN that I Kwan Tai Loong of No. 105 Towner Road #11-380 Singapore 1232, have applied for a Second Class Public House licence in respect of premises at M/s Chui Choon Yuen Restaurant at 186-187 Syed Alwi Road Singapore 0820, and that this application will be
      309 words
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      Page 17 Advertisements Column 2
      184 17 Two specially designed bumper supplements on April 21 and May 5 have been planned to help advertisers tap a readership of 200,000 who are receptive and most eager to buy during this festive period. BeritaHarian is the smartest mediabuy this Hari Raya. The supportive editorial articles include: Dressing up for
      184 words
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  • Article, Illustration
    Lock icon 'China factor' sends rubber prices soaring
    612 18  -  Further increases expected in next three weeks By BRIAN GOMEZ A "CHINA FACTOR" has been a key contributor to the surge in rubber prices which, if sustained, will see export earnings rise this year by several hundred million dollars each in Malaysia, Indonesia and
    Source:  -  612 words
  • Article
    Lock icon Tokyo's tyre exports chalk up a record
    201 18 Reuter JAPAN'S exports of motor tyres, including motorcycle tyres, rose to a record 33.60 million tyres in calendar 1987, up 6.6 per cent from the previous record 31.52 million a year earlier, an official of the Japan Automobile Tire Manufacturers Association said. He
    Reuter  -  201 words
  • Article
    Lock icon Dr Yeo to attend RAAF ceremony at Butterworth
    138 18 Bernama AUSTRALIAN Defence Minister Kim Beazley will fly into the Butterworth Airbase on Friday to attend a parade to mark the phasing out of the Royal Australian Air Force (RAAF) mirage fighter squadron stationed there. Mr Beazley and Malaysian Defence Minister Tengku
    Bernama  -  138 words
  • Article
    Lock icon Tokyo cuts trade surplus with US by more than 10pc
    472 18 Reuter JAPAN said yesterday that it cut its trade surplus in March for the 11th straight month, but more importantly that it lopped more than 10 per cent from its critical surplus with the US. "The trade surplus is moving
    Reuter  -  472 words
  • Article
    Lock icon Labour strife, high wages and rising Taiwan dollar deter foreign investors
    289 18 Reuter LABOUR UNREST, rising wages and currency appreciation are scaring away foreign investors from Taiwan, officials said yesterday. "We are worried that we will not be able to achieve this year's foreign investment target," John Ni, director of the
    Reuter  -  289 words
  • Article
    Lock icon Oil prices jump US$1 a barrel in Japan
    325 18 Reuter OIL PRICES shot up nearly US$l a barrel in Tokyo yesterday owing to the belief that Opec will cut oil production after an unexpectedly constructive meeting over the weekend, oil industry sources said. The price monitoring committee of the Organisation of
    Reuter  -  325 words
  • Article
    Lock icon Task force urges America and Europe to give Asian nations more economic say
    248 18 Reuter NORTH AMERICA and Western Europe must give Asia's economically vibrant nations a greater say in running the world economy in return for greater responsibility, a high-powered task force said in Tokyo on Sunday. The task force
    Reuter  -  248 words
  • Article
    Lock icon Asia Pacific grew twice as fast as rest of Third World
    267 18 AFP Oana-Antara THE EXECUTIVE secretary of the UN Economic and Social Commission for Asia and the Pacific said yesterday that a 6 per cent growth rate had pushed the region nearly twice as fast as the rest of the
    AFP; Oana-Antara  -  267 words
  • Article
    Lock icon Rajiv to visit Hanoi to discuss Viet troop withdrawal
    124 18 Reuter INDIAN Prime Minister Rajiv Gandhi plans to stop in Hanoi on his way back from Japan on Saturday to discuss the proposed withdrawal of Vietnamese troops from Cambodia, government sources in New Delhi yesterday. Mr Gandhi, who leaves on Thursday
    Reuter  -  124 words
  • Article
    Lock icon UN takes US to court over PLO issue
    179 18 AP THE UNITED NATIONS yesterday accused the Reagan administration at the World Court of violating a treaty with the UN by trying to close the PLO mission in New York. Before the court in The Hague, Holland, is a UN request for
    AP  -  179 words
  • Article
    Lock icon Comex gold and silver
    92 18 Reuter COMEX GOLD futures lost ground yesterday morning, as the market focussed on the US dollar's sharp advance, preferring to ignore the inflationary consequences of soaring prices for crude oil. June gold fell US$2.BO at U*****.90 an ounce, which penetrated last Friday's low of U*****.70. Silver
    Reuter  -  92 words
  • LATE FILE
    • Article
      Lock icon Hijackers wise in ways of aviation
      50 18 UPI THE HIJACKERS of the Kuwait Airways airliner reveal in repeated radio contacts with Cyprus's Larnaca Airport control tower that they have detailed knowledge of the modern aviation world. Their main spokesman has shown a deep understanding of aircraft radio procedures and vocabulary. UPI
      UPI  -  50 words
    • Article
      Lock icon Aid for Pakistani firefighters
      45 18 UPI US MILITARY experts arrived yesterday in Islamabad to help firefighters battling pockets of flames in a munitions dump that exploded and spewed a torrent of rockets across a 10-mile area, killing at least 93 people and injuring 1,100 others. UPI
      UPI  -  45 words
    • Article
      Lock icon HK-based Indian diplomat arrested
      67 18 Reuter A DIPLOMAT with the Indian High Commission in Hongkong has been arrested for attempting to smuggle 2.3 kg of gold worth U5556,000, a senior customs official in New Delhi said yesterday. Gucharan Shah Singh, a second secretary, was caught at New Delhi airport after stepping
      Reuter  -  67 words
    • Article
      Lock icon Cory should go to China: Ramos
      39 18 UPI PHILIPPINE Defence Secretary Fidel Ramos insisted in Manila yesterday that President Corazon Aquino push ahead with her four-day visit to China and Hongkong despite reports of coup plots to oust her. UPI
      UPI  -  39 words
    • Article
      Lock icon M'sian workers stage picket
      34 18 Bernama THOUSANDS of staff from Malaysian statutory bodies yesterday picketed across the country as their union leaders threatened to consider "more aggressive measures" to resolve their salary adjustment claims. Berna-
      Bernama  -  34 words
    • Article
      Lock icon Request to Petronas
      39 18 Bernama MALAYSIAN STATE Trengganu has asked Petronas to ensure that all essential goods supplied to oil and gas platforms off the state come from within the country, said menteri besar Datuk Haji Wan Mokhtar Ahmad yesterday.
      Bernama  -  39 words
    • Article
      Lock icon Japan to discuss export rules
      67 18 AP JAPAN and the US will hold discussions in Tokyo next week on regulations governing exports of strategic items to communist nations, the Japanese Foreign Ministry said yesterday. It said the April 19 to 20 meeting woukJ seek "closer consultations and exchange of information" concerning
      AP  -  67 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      5 18 A new beginning, Page 6
      5 words
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      Page 18 Advertisements Column 2
      385 18 A supplement to bank on BANKS AND FINANCE COMPANIES are once again whetting the appetites of prospective home buyers They are repackaging their housing loan products to keep them ahead of the competition. Rivalry in the credit card industry will be just as intense, with three of the Big Four
      385 words
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  • SHIPPING TIMES
    • Article
      PSA opening dangerous goods container station in May
      522 19  -  By JUNE LIM IN RESPONSE to customer requirements, the Port of Singapore Authority will commission a dangerous goods container freight station next month. Built at a cost of $5 million, the Nelson Road facility covering 4,380 sq metres is designed to handle
      522 words
    • Article
      Lock icon Macau grants concession on planned deep-water harbour
      244 19 AFP THE MACAU government has granted an international consortium concessionary rights to build, operate and manage a planned deep-water harbour in the Portugueserun enclave, officials said. The Macau Port consortium, dominated by Portuguese interests, will launch the first phase of the project next
      AFP  -  244 words
    • Article
      US imposes 25pc tax on distillate fuels for ships' bunkers
      231 19 A SWINGEING 25 per cent tax has been imposed by the US on distillate fuels used for ships' bunkers and aircraft. In a move which caught bunker suppliers, traders and shipowners unprepared, the federal authorities made the tax effective retrospectively
      231 words
    • PORTSIDES
      • Article
        Oakland's new rep in Taiwan
        137 19 THE PORT of Oakland has appointed Henry Lai as its new representative in Taiwan, succeeding Benson Van, who has retired. Mr Lai, 40, is a shipping executive with experience gained in New York and San Francisco as well as Taipei. He now serves as president
        137 words
    • Article
      CONSORTIA
      165 20 THE MAJOR shipping consortia operating between the Far East/European. Far East/Persian Gulf, Straits ports/Australia. Straita/Japan and the member lines ACE (FAR EAST/EUROPE): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang shipping ANRO (STRAITS/AUSTRALIA): Australian National Line Australia Straits Container Line
      165 words
    • Article
      Stolt Tankers sells Brownsville terminal
      108 20 STOLT TANKERS and Terminals has sold its bulk liquid storage terminal at Brownsville. Texas, to Itapco (Independent Terminal and Pipeline Company) of Houston, also in Texas. Itapco owns and manages a network of independently operated bulk liquid storage terminals along the US Gulf coast and
      108 words
    • Article
      Lock icon Chile expects increased shipments of fruit
      455 20 Reuter FLOURISHING world demand (or fresh fruit is leaving a sweet taste in the mouth of Chilean farmers, who are earning hundreds of millions of dollars a year from exports. Chile has surged past competitors South Africa, Australia and neighbouring Argentina to become the
      Reuter  -  455 words
    • Article
      Lock icon Nigerian National Line likely to sell off 5 ships
      177 20 Seatrade Week THE NIGERIAN National Line is to sell off at least five of its ships, ostensibly to be able to settle its debts. The move is inevitable, according to new managing director RearAdmiral Sandy Uguna, if the line is to
      Seatrade Week  -  177 words
    • Article
      INDEX TO ADVERTISERS
      787 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANL 1 1/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III
      787 words
    • Article, Illustration
      Nagoya Wharf handles 35-40pc of Toyota cars
      257 20  -  By SHAHRIR ARIFF BETWEEN 60,000 and 70,000 cars are shipped out each month from the Nagoya Wharf Center, Toyota Motor Corporation's (TMC) principal wharf. Built 21 years ago, the Nagoya Wharf today handles 35 to 40 per cent of all Toyota vehicle shipment.
      257 words
    • Article
      Lock icon UK submarine welded on upside down
      185 20 Reuter A SUBMARINE being built at a leading British shipyard was welded on upside down, company sources said on Friday. The UK Ministry of Defence said it had asked Vickers Shipbuilding and Engineering Ltd for a report on how the mistake occurred at the
      Reuter  -  185 words
    • Article
      Van Ommeren plans more acquisitions
      455 21 TRANSPORT, shipping and trading firm Van Ommeren Ceteco said it plans acquisitions in transport and distribution companies Speaking at a news conference on the firm's 1987 annual results, chairman Wim Brouwer said his firm was trying to buy suitable European distribution companies. "Our representative is
      455 words
    • Article
      Lock icon TANKER RATES
      243 21 AFP UNCERTAINTIES raised by the meeting on Saturday of the Organisation of Petroleum Exporting Countries' pricing committee kept traders sidelined this week on the tanker market. London brokers said. Rates appeared to have eased slightly in some loading areas, particularly the North Sea and West Africa, but both
      AFP  -  243 words
    • Article
      Lock icon Free trade zone boosts Tangier's business
      480 21 Reuter BUSINESS is booming again in Tangier, if only in a small way in the six-hectare free trade zone inside the harbour on the Straits of Gibraltar. For most people. Tangier evokes an era of financial skulduggery and commercial der-ring-do when the city was
      Reuter  -  480 words
    • Article
      More than 20 ships join ProBulk Carriers after a year in operation
      463 21 DRY CARGO operator Proßulk Carriers has more than 20 ships on its books just one year after entering the market. Proßulk is celebrating its first birthday by taking control of the first of four Japanese-owned handysized bulk carriers,
      463 words
    • Article
      SHIPPING LIST where your ships are due...and when
      4982 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 of Singapore.
      4,982 words
    • Article
      SHIPS IN PORT
      1295 27 AT CONVENTIONAL WHARVES V«»Ml Berth Arrival Departure KEPPEL WHARVES Alpho VN Gotden Wo Horv*»otic Be Korl M Stodt Ko H©og Koto Mulia Monolo#v«r«tf Nosbo* Qv—r* Ti»on Uronui S Yoh«f*g No 2 Boob Ultoh Bo bv'on Equotor Ho*#g Inobufcwa Ko»o Moio Oc»0" P#Qft P Dynosty Sriwijoyo Xmhoiyu* *29
      1,295 words
    • Article
      LONDON FREIGHTS
      985 28 EASIER rates were reported paid •n Friday for grain cargoes out of the US although confirmation was not available for some of the Qusiness, shipbrokers said. A lump sum equivalent to U5513.99 was paid for a vessel with cargo capacity for 89,000 long tons carrying light grain from
      985 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      918 19 >• TUP STP Distributors Ttmoa PuMs/Nny Croup OOCL OfQENT OVIIQUS Coktaitm LINE NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORLD ROUTING' EXPORT WW/ MIH: JARDINE SKIPPING AGENCIES (Reg No 2*216*1 00K) 200 Cantonment Road #12 05 Southpomt. Singapore 0208 Tet- *****11 TELEX NO RS 2*179 TERMINAL/CFS Tel *****18 220 BOOKINGS Tel
      918 words
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      Page 19 Advertisements Column 2
      67 19 mm FLOURISHING world demand for fresh fruit is leaving a sweet taste in the mouth of Chilean farmers, who are earning hundreds of millions of dollars a year from exports. Page II TRANSPORT, shipping and trading firm Van Ommeren Ceteco said it plans acquisitions in transport and distribution companies. Page
      67 words
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      Page 19 Advertisements Column 3
      741 19 FESCO LINES IT- FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE A NEW STANDARD IN SERVICE A BETTER WAY TO OAKLAND SIN OAK— 17 DAYS! LPK OAK— 23 DAYS! PEN/ OAK— 22 DAYS! Th« week
      741 words
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      623 20 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT TOKYO BAY RHINE MARU TOKIO EXPRESS HAMBURG EXPRESS KOWLOON BAY BENAVON ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN, COPENHAGEN. AARHUS. GOTHENBURG, MAUW HELSINKI OSLO AMSTERDAM, CARIBBEAN S AMERICA CONTAINER SERVICE FROM UK/CONTINENT KOWLOON BAY THAMES MARU BENAVON OSAKA BAY KITANO MARU
      623 words
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      Page 20 Advertisements Column 2
      18 20 /jS"5\ Lines and services represented by />^<QWfcfry negisiry or Accredited Shipping Agents, Singapore National A Shipping Association. \^SK^y
      18 words
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      Page 20 Advertisements Column 3
      308 20 CHARGEURS RE UN IS f SINGAPORE EWOUIRIES *****44 FAX 2255«51 Sport SAN JUAN 14/01 S.O ESTERO 24/04 LA RIOJA MS Optorg Shipping Pte. Ltd I Port Keiang *****01/2/3 Petalmq Jaya 7^6?593/7b7S6Gj Penanq *****5 jELMA EVPRESA LINf MAP'' MAS ARGFNTINAS (ARGENTINE NATIONAL L!NE» Lotting DM C. Tewn Santos M'video B Aim
      308 words
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      Page 21 Advertisements Column 1
      989 21 -h fll The Straits Steamship Group Mansfield Container Shipping Re Ltd M. P&O Containers CONTANCRSHP SERVICE TO UK/CONTMENT: touio ants Hamburg anas KOW.OON (AT ICNAVOM OSAKA BAY LA KMXISi Also Accepting Cargo For: la AM»wn. Oala. Ijw Zurich Smthiimiii to til UK daatinatwra. Mla« and DuMm (CONTAINERSHIP SERVICE FROM UK/CONTINENT:
      989 words
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      Page 21 Advertisements Column 2
      603 21 M EUROPE uanrn can nimm mi m rn h ram m kmeit USA/PANAMA I' Jl I-':' Ii HA HI I7JI 11.83 tut TAIHAI SEI I VIA M 7 2113 11.04 12.14 JAM! SEI HA Ml IMM 15J4 11.14 ACSTTM CAM Tl/HM If# LAX. CM. MA. SAT. TAB. *YC AM lAL
      603 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      419 22 HXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE Singapore Loading for:20/4 BANDAR ABBAS KYOWA LINE PNG S. PACIFIC SERVICE Singapore Loading for: A VESSEL 10/5 LAE, PMB. RBL, HRA MICRONESIA SERVICE LOAD FOR GUAM, SAIPAN GUAM. SAIPAN OCEANIA EXPRESS V-12 13/4 OCEANIA EXPRESS V-13 3/5 YOKO
      419 words
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      Page 22 Advertisements Column 2
      496 22 JtS.&.LINE imm SMimat eft***"** FULLY CONTAINERISED SERVICE lUUY CONTAINfRISCD TO FROM NORTH AMERICA WfS! COASI CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL KUANTAN SPORE LOADING FOR SPARKLE SUN AC 17 In Pt DUBAI. DAMMAM. KUWAIT GEN AGENTS CROWN MARINE CO (PTE) LTD TEL: ***** M (9 Line*) FAX NO: *****69 SUB
      496 words
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      Page 22 Advertisements Column 3
      297 22 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO DUBAI: SAILING 23/4 FOR: PORTO, LISBON, ORAN, BILBAO MAORID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER 6 ISTANBUL U.S.A. PAPUA NEW GIIIMFA PORT MORESBY, RABUAL, LAE A MADANG NEW CALEDONIA FIJI ISLANDS NOUMEA SUVA/LAUTOKA 21/5 21/5 AUSTRALIA/ NEW ZEAI
      297 words
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      Page 22 Advertisements Column 4
      1139 22 In mmm EVERGREEN Full Container Service ound-The-World East Bound (FE/CARIB/USEC/EURO/FE) £4 aw w rw 2? aS IS 2? 25 TC LKV AN ox hbc sgp ISS w S2 2J 2 11/1 1U U« 1M J/7 ever growth ,W 5T a~ EVER GRAND W 2M 2*4 3*4 M M T2 U*
      1,139 words
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      Page 23 Advertisements Column 1
      804 23 in PACIFIC INTERNATIONAL LINES »V\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE KOTA EAGLE MAJAPAHFT OOWA JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE MA DRAGON KOTA EAGLE SEA HAWK MA DRAGON MTEGRA MA FORTUNE INTEGRA BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE SIN
      804 words
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      Page 23 Advertisements Column 2
      533 23 ta EXPRESS cor BEN LINE CONTAINERS kiS 1111 i i'J rj -A iY r*ty by Rltim Miru (iprtu OuU Uy U Pstmm l*li City <* Umturfti EXPRESS CONTAINER SERVICE FROM UK/CONTINENT sum S*<M an J* mm m ton, [imu 2M KM KM V !L 15fl Urt HKC. KA< KSC-iS S
      533 words
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      Page 23 Advertisements Column 3
      518 23 DJASAGETRI A Joint Europ* Sarvto* Of: P.T. DJAKARTA LIOTI P.T. SESURI LLOYi P.T. IA—IDM WMKIW P.T. TRIKORA LLOTB EXPRESS SEMI CONTAINERSHIP SERVICES 1 -ihmjijilllil 4 IJiTiTJ VSL/VOY U. BONTANG/14WB OCEAN PRIMA/10WB SRIWIJAYA/23W8 S PORE BILBAO ANTWERP H'BURG/ ROAM/ADAM BREMEN v% z 28 30'S RDAM/ADAM BREI Ufi an 1/7 2VS 2V6
      518 words
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      Page 23 Advertisements Column 4
      380 23 BOUSTEAD SHIPPING AGENCIES PAGAN vunr 103 Apr w P A;A N VU3H U/U Apr 12/13 Apr IVIS 219?!*** v**" imo A» PAGAN VI27W 36 Apr (2 Miy BURMA FIVE STAR SHIPPING CDBPBMTION (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok «fl3 Apr BANK LINE TAUSALA SAMOA VI2N MORAYBANK
      380 words
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  • Page 24 Advertisements
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      655 24 KAWASAKI KISEN KAISHA, LTD. N. AMERICA-ATLANTIC COAST EXPORT voy *INDO 'PK/PNG SGP VOY LB •PK PNC 'INDO ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM IMPORT ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM VIA FEEDER N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL ORIENTAL CHIEF NEPTUNE DIAMOND NEPTUNE CRYSTAL CHINA CONTAINER
      655 words
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      Page 24 Advertisements Column 2
      321 24 AocapHng LCL and eontainorteod cargoaa Direct to South Africa NEDLLOYD COLOMBO 5234F OSAKA MARU 5339F VIRGO 0301F Spori Durban P.Elii C.Town 21/4 11/5 13/5 17/5 10/5 23/5 25/3 21/5 17/5 1/6 l« 9 /6 OSAKA MARU 443K ANJOU 016G HAYAKAWA MARU SO37C JAROINE SHIPPING AGENCIES (REG *****4/ OOKI 8 SSST
      321 words
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      Page 24 Advertisements Column 3
      663 24 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contains INDIAN COURIER V m 13 Aor ORIENT SUCCESS V IIK 14 Apr S O ANDHRA PRADESH V 37M17 Apr TICER BAT V 27 Apr ORIENT SUCCESS V 107 1 INDIAN COURIER V JM 5 Mar SO MANIPUR V.J7M 10 Mm TICCR BAY V.X
      663 words
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      Page 24 Advertisements Column 4
      705 24 GOLDEN LINE GUAN GUAM SHIPPING (PTE) LID a, T«tok Kyi StTMI SINGAPORE 01M TEL SM3W (M LINES) Fai S343SM STRAITS/PERSIAN GULF SERVICE: GOLOCN WONDER CotombofKaractM/Dutei GOIOCN BEAR K»r»chi Dubii CHINA SERVICE NNFU Hutwpu/StMnftei DAI TUN SHAN Mian S'port P Kttani Pcnmi In Port 24/25 A»r 14/15 Apr 2*26 Apr CHINA
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      Page 24 Advertisements Column 5
      484 24 phiU onieNT UNes pre ltd HEAD OFfiCf 63 ROBINSON ROAD »C 7 12 AERO ASIA BUILDING SINGAPORE 01C5 Tflt* RS ?8720 PHIII fAX ??55E>76 1 yim H KONG KOBE KEEUJNG eastafrica/mediterranean nun UK/EUROPE SERVICE TBN mombasa daressalam BEIRA TAMATAVE REUNION. TAN6A LATTAKIA, BENGHAZI TRtPOU, ALEXANDRIA PORT SAID PIRAEUS CASABLANCA LIMMASOL.
      484 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      780 25 S port NEPTUNE AGENCIES PTE LTD F Qortoral Enquiries: Tat: 27M977 Tel No Terminal CFS BOOKINGS *****22 *****53 P Kelang NEPLINE SON. BHD. *****87 K Lumpur NEPLINE SON BHD. 2(***** FE EU/AUST TPA/SEA S: *****53 ***** *****19 27*1 27*111 27*1 INWARD/OUTWARD irnTl Ik ir nnirtlT I 71 1 Lumpur iitri.ini.jvn.Bnw.mwu
      780 words
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      Page 25 Advertisements Column 2
      592 25 HEUNG-A SHIPPING Korean Flag Vessels SE o'"Si )NTA,NER,SED DIRECT SERVICE TO: P. KELANG. PENANG. BUSAN. INCHON TRAITS/KOREA SERVICF Vessels Nam# ETO BS BKK SPORE PKELANG BUSAN MO JI No 7 Donam/IO4N 02/04 14-IMM 17-19«04 «/<-«« 04/05 No I OonrnmOH 04/04 lt/04 20-22/04 23 24/04 03 OMH OMS •Glori»/»4N 13/04 27/04
      592 words
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      Page 25 Advertisements Column 3
      823 25 r SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SimOVBUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 p»a!s Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** rLNANu p irri arc HANDLING SYSTEM CO SON BHD ems RB TH **********21 Th: MA ***** "FEBLOS"
      823 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      312 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 (30 Lines. FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD Vtß DEUTF RACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE ■Ell **VJA LARNACA: Accepting carp for Lattakia. Piraeus, ThessaJontki, Izmir, Istanbul. Meftin, Limascri. Beirut. Alexandria, Port Said, Iraqi,
      312 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      161 26 gy Igy: I Regional Weather N fi ;4 > SVV ,1 I* mm 40 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. C^' Wind direction with speed m knots Wave height LEGEND R Thunderstorm Temperature c X\ Shower Weather Wind direction with speed m knots Ram U Cloudy
      161 words
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      Page 27 Advertisements Column 1
      747 27 Weekly consoJ at our CFS to Far East Bangkok, Hongkong, Keekjng, Kaoshiung, Manila Ausfealiac Sydney, Melbourne, Brisbane, Fremantle USA: Los Angeles, San Francisco, New York, Oakland WAREHOUSING A TRANSPORTATION PTE LTD 44 Benoi Road Singapore 2262 Tel: *****60, *****24 Tlx: RS ***** Fax: *****97 v *v FKwm tcßvicct m lib
      747 words
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      Page 27 Advertisements Column 2
      545 27 UNIPACIFIC TRANS TRADING AGECY PTE. LTD. 00 IRAQI LINE •«»0i S T T I !NT{RM|sf (0* HAMtTIMf TRANSPO* MV BABYLON MV ALFARABI MV ALFARABI EAST BOUND SERVICE ETA S PORE LOADING FOR Y Hmu Rob., Cl* KMrawki. Ynrata WEST BOUND SERVICE ETA S PORE LOADING FOR w* Jaddah Aoitu Rj
      545 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      312 28 Hai Sun Hup Co (Pte) Ltd TEL ??***** l? 0 L.nes) TLX RS ?2061 8. RS ***** IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS KK SPORE PK PL REU DBN IML m 15/4 22/4 26/4 7/5 1/5 13/5 •Abo calls E.L. t P.E. GENERAL AGENTS: HAI SUN
      312 words
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      Page 28 Advertisements Column 2
      417 28 FOR RELIABLE and fast transit WEEKLY FCL SERVICE TO USA-EAST COAST/CULF/CANADA/MEXICO AND FRENCH WBT INDIES For Gulf: L w CwumMnt m Miami, Mobile. SCiANOtA VK ill* 2M ATI. CAHTIU New Orleans, TOVAMA vie 11/4 Sft STUTTCAUT up Houston/Mexico r PtKMAi vm Kt* 12/5 wuwmtc atl VeraCnoT Mexico City. AlMMfvint Halifax,
      417 words
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      Page 28 Advertisements Column 3
      272 28 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK MffM (H PIHII Tel: *****88 (8 Lines) Tlx: RS ***** SHIPPING U. KCPTEI ROAD DTP I TT» F"® "OUK PTC LTD SINGAPORE a» TIMBER/BREAKBULK SERVICE )n CHINA "AWCOOW S pore BKK SRWK/INDIA LATANGAN V 97— In Pt V* G.M 3 Vl2 17/4
      272 words
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      Page 28 Advertisements Column 4
      463 28 /M CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 '04-*****2/4, *****3 <07-*****8 '07-*****3, *****5, *****0, *****1 •02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE a. rm r77T rT7T mi I BUTANC 441 rrvr: iii: i TTTTT BREMERHAVEN. COPENHAGEN. HELSINKI. M FROM EUROPE PKELANG
      463 words