The Business Times, 27 April 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 WEDNESDAY, APRIL fj, I*BB 75 CENTS
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  • 251 1 AFP Dow Jones higher WALL STREET began hesitantly yesterday edging higher after getting some refreshing economic news for a change. A 2.3 per cent gain in US first quarter GNP. strong but not strong enough to threaten a serious upswing in inflation, provided the support. The Dow
    AFP  -  251 words
  • 422 1  -  By CORRINA LIM TWO SMALL stockbroking firms have turned to management consultants to help them upgrade their operations and ensure that they are complying with the Stock Exchange of Singapore's rules and bye-laws. Stockbroking firms Lim Tan Pte Ltd and Lee Co
    422 words
  • 212 1 DESPITE the strong finish on Wall Street overnight, regional market sentiment was cautious ahead of the release of the US first quarter gross national product data. On the local front, the market gave way to profit-taking after an initial firm opening. Activity was still focused on
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  • 157 1 THE US DOLLAR yesterday closed easier on foreign exchanges in Asia as dealers preferred to wait for the US first-quarter gross national product figures, which were due to be released late last night. In Tokyo, the US currency ended at 124.57
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  • 172 1 UPI THE US economy grew at an annual rate of 2.3 per cent in the first quarter, with personal spending, non-residential investment, exports and a continued build-up of inventories contributing to the increase, the government said yesterday. In a report that accompanied the
    UPI  -  172 words
  • 479 1  -  By TONG SUIT CHEE IN A MOVE to upgrade construction skills, the Housing and Development Board (HDB) is introducing a scheme which requires contractors to have a certain number of their workers certified as trained. From this month, this requirement
    479 words
  • 836 1  -  FIERCE COMPETITION IN HOUSING LOAN MARKET By LEE HAN SHIH, ALVIN TAY SPURRED by the cut-throat fight now going on in the housing loan market, the private residential property market has become more active. For the past two months, agents and developers have been doing
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  • 327 1 Bernama ES THE MALAYSIAN Institute of Economic Research, an independent think tank, estimates about M 55.9 billion must have "leaked out" of the country last year. In giving the estimate in Kuala Lumpur yesterday, the institute's executive director. Or Kamal Salih, called for
    Bernama ES  -  327 words
  • Page 1 Advertisements
    • 199 1 099 Official Typewriter Supplier of the 1988 Olympics brother A HELPING HAND FOR HOME BUYERS tOnce you've found your dream home, the next thing you have to look for is a good housing loan. Look to International Bank of Singapore. At IBS, our housing loan scheme is designed to make
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    • 331 1 Full report, Page 14 Regional markets, Page 16 World markets, Page 17 Modelling the world A WELL-KNOWN and respected economist from the Massachusetts Institute of Technology believes that mathematical or technical economics, has gone too far. Instead of deriving models from the world, some economists are instead deriving the world
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    • 225 1 mita NEW AGE COPIERS Convenient, reliable feature-packed Sote Agent WEI TAH CO PTE LTD TEL: H TEL: 746 1051 Shipping Timet comes at a separate section today. Make sure you get your copy. t Your long-time overseas buyer now wants revised payment terms Comply. Stay competitive. And have peace of
      225 words

  • 465 2  -  By LIM SOON NEO LAST YEAR'S 15 per cent growth in tourist numbers continued into the first two months of this year, pushing the hotel average occupancy level to 73 per cent. The number of visitors in January and February
    465 words
  • 231 2 THE PUBLIC is reminded that the closing date for the submission of views to the Select Committees on the Corruption (Confiscation of Benefits) Bill and the Building Control Bill is May 6. The Corruption (Confiscation of Benefits) Bill seeks to introduce new
    231 words
  • 224 2 THE PRIVATE SECTOR has again been urged to play a greater role in promoting the arts. "The promotion of the arts is not and should not be an exclusive domain of the government. As in other areas, the private sector can
    224 words
  • 374 2 A LOCAL TEXTILE COMPANY is spending $10 million on a new building and equipment to spin more yarns. Singapore Spinners, which specialises in the manufacture of 100 per cent spun polyester yarns for sewing threads, is expected to move into its new $2.5 million
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  • 452 2  -  By BOEY KIT YIN THE IMPACT of increased prices of raw materials for Singapore's largest sugar refinery has been sweetened by continued strong demand for sugar. As a result, the refinery which is now controlled by new owners is running
    452 words
  • 191 2 IT IS ALWAYS a disaster when a man with an unblemished record goes to prison for the first time. Citing this principle, never applied here before, the Court of Appeal yesterday cut to three months the nine-month jail term of former Lamipak boss, Francis
    191 words
  • 182 2 THE SINGAPORE Broadcasting Corporation (SBC) plans to buy $1.5 million worth of broadcast equipment from NEC Corporation of Japan timed especially to improve its coverage of the Seoul Olympic Games in September. Sumitomo Corporation, also of Japan, is the agent acting for NEC.
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  • Page 2 Advertisements
    • 80 2 America. Only United has same day arrivals anywhere in the USA. We are America's Friendly Skies. Our daily morning departures via Tokyo or Hong Kong wing you across the Pacific in time to enjoy the rest of the day in the States. Lunch on the West Coast, dinner on the
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  • Page 2 Miscellaneous
    • 69 2 wmi B y// m Singapore OUTLOOK: Cloudy wNh occasional showers In ft# afternoon "•port for 24 hours prior to 7.30pm on April 26 of the airport; I Mrs of sunehtne.. Rainfall In mm... Rainy days this i Moscow Nossou Now Delhi Now York Nicosia Oslo Paris Perth Rio 'Jonoiro Rome
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  • ADVERTISING & MARKETING
    • 235 3 SINGAPORE spice manufacturer, NIMS Re Ltd, has launched a new range of Indian curry powders free from preservatives, monosodium glutamate and arti"icial colouring. The Earthen Pot range of powders is aimed at the local and export markets. At the recent Food Hotel Asia
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    • 109 3 ALLIED International Designers has appointed Consensus-MBL as its exclusive representative in Indonesia. Consensus will represent Allied in Indonesia in all areas of design capabilities including packaging design, corporate identity development, product and retail design. Allied, with its Asia-Pacific office based in Singapore, aims to
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    • 629 3  -  By GENEVIEVE CUA THE PRACTICE of nurturing existing clients, which is merely common sense to most advertising agencies, is raking in more business for one international agency, the Leo Burnett Company. After all. seeing to the growth of existing clients is part
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    • 391 3 SINGAPORE has the highest per capita consumption of Horlicks in the world. But Beecham, the manufacturer of the malted drink, is not content. It hopes to increase consumption with the launch of a newly formulated Horlicks. Beecham director and general manager Michael Tavender
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  • Page 3 Advertisements
    • 327 3 Now you can catch intruders 'in the act' on video and simultaneously have delivered a hard copy of the event, recording the date and time, right down to the exact second. Evidences that will hold up in court. And for a live demonstration of a Security system that has 21st
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  • OVERSEAS
    • 411 4 Failure to do so may mean losing data access Reuter PACIFIC COUNTRIES risk losing access to US proprietary information if they do not enforce patent and copyright laws, the chairman of the US International Trade Commission said on Monday. "If the Pacific Rim countries
      Reuter  -  411 words
    • 109 4 AFP HONGKONG'S re-export trade in 1987 went up 49 per cent from a year earlier, government trade figures released on Monday showed. China was the top market for Hongkong's re-exports in 1987, during which HKJIB2.B billion of goods originating elsewhere were exported from this British
      AFP  -  109 words
    • 329 4 Reuter THE INTERNATIONAL fight against counterfeiting and piracy of items ranging from luxury goods to spare car parts got a boost on Monday when experts from 50 countries called for tougher national laws to punish violators. About 120 experts, representing 50 countries and 50 private groups,
      Reuter  -  329 words
    • 311 4 Reuter US AGRICULTURE Secretary Richard Lyng warned the European Community (EC) on Monday that hindering progress in world trade talks could provoke Congress into pursuing a more aggressive farm trade posture. The United States has proposed dismantling all farm subsidies within 10 years.
      Reuter  -  311 words
    • 241 4 Reuter AMERICAN vice-president George Bush, the likely Republican Party presidential nominee, said on Monday trade law enforcement was one area where he could improve on the Reagan administration. "I would be strong in terms of enforcement of existing trade laws
      Reuter  -  241 words
    • 110 4 Reuter THE SOVIET UNION is drafting new laws to guarantee continuation of Kremlin leader Mikhail Gorbachev's reform policies, two Soviet officials said on Monday. Yelena Lukashova, a jurist with the Institute of State and Law of the Soviet Academy of Sciences, told a news
      Reuter  -  110 words
    • 294 4 Reuter DEVELOPED countries are strangling Latin America's economy with high interest rates and trade barriers, speakers told an economic conference in Rio de Janeiro on Monday. They added, however, that they recognised the need for Latin American governments to take decisive steps on
      Reuter  -  294 words
    • 464 4 UPI WORLD economic growth has held up rather better than what analysts had expected in the wake of the stock market crash last October, a Lloyds Bank analyst said in London on Monday. But the outlook remained clouded with uncertainty, said Patrick Foley, deputy
      UPI  -  464 words
    • 270 4 Reuter EUROPEAN COMMUNITY foreign ministers on Monday welcomed progress in the EC's economic relations with Japan but called for more effort by Tokyo to open its markets to foreign goods. In a statement issued at their regular monthly meeting, ministers of the 12 EC
      Reuter  -  270 words
    • 222 4 Reuter AMERICAN trade negotiators in Geneva urged Japan on Monday to drop about 90 import restrictions. A US official said the call was made at bilateral consultations held during a session of the surveillance body of the Uruguay round, which was set up
      Reuter  -  222 words
    • 192 4 AFP EAST ASIAN economies will continue their strong export-led growth this year despite growing American and global trade obstacles, World Bank vice-presi-dent Attila Karaosmanoglu said in Manila on Monday. He said in a speech released ahead of delivery before a lawyers' association that
      AFP  -  192 words
    • 851 4 ARRIVALS Operator Service Local From number time SU son 0040 LAX/NRT UA su UA805 0045 SFO/HKG SQ41 0610 MAA SA SQ47 0700 DEL MAS MH605 0720 KUL SIA SQ31 0755 PAR/ROM MAS MH640 0820 KUL KAL KE624 0840 KUL MAS MH651 0910 PEN MAS MH630 0920 KUL
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  • Page 4 Advertisements
    • 128 4 Make an appointment with your secretary this week at Each afternoon will be filled with fun, excitement and surprises! For just $19.50++ per person, you'll be treated to a 4-course continental or oriental cuisine, complemented with a glass of wine or an ORANGINA. There'll be a special fashion show daily
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    • 55 4 I I I I Th buv-ess De-scr s cno-ce eve-v I I II I I II II I 'uesdoy. I A /1 I y\ /1 \l Leav-rg Cixj'-g- Airpc* a* 22 05 -1- "KJufs o"'vrQ Heo'i'ov. ea''v 'o wra -/rrra Ca I you' T'ave l Age o o r A<'
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  • Page 4 Miscellaneous

  • MONEY AND EXCHANGES
    • 1572 5 CURRENCY FUTURES OPTIONS Tuesday, April 26, 1988 DEUTSCHEMARK (SIMEX) May M call* May M put* High Low San High Low Satt 54 CA6 CA6 56 CAB 57 305B _3io CAB 58 205B 210 CAB 59 I05B HO 3 60 32B 35 27 27 27 41 5 99A 95 62
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    • 1398 5 SINGAPORE: The US dollar closed slightly lower yesterday against most major currencies after some late profit-taking in thin trading, dealers said. They said most operators were reluctant to take large positions. A senior dealer with a Japanese bank branch here said the market was basically more concerned about
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    • 164 5 Gold futures on April 25 100 troy ounces. USS per troy ounce Op«l mgh Low Santa Apf 451.50 451.90 449.00 448.00 -2.00 Moy 448.90 -3.30 Jun 452-50 453 20 449 30 450.10 2.30 Aug 456.50 457.80 453.20 454.60 -2.30 Oct 461.60 462.50 458.50 459.30 •2.30 Dac 467.00
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    • 340 5 Asian market Reuter ASIAN DOLLAR deposit rates closed steady at opening levels in quiet trading yesterday, dealers said. They said most operators were sidelined awaiting the release of US first quarter gross national product data. A senior dealer with a Japanese bank branch said the market was more concerned with
      Reuter  -  340 words
  • Page 5 Advertisements
    • 10 5 !li &4NQUE INDOSUEZ 3 Shenton Way, Shenton House, Singapore 0106
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    • 75 5 \A ill 1 i- II MERIDIEN SINGAPOUR hji brasserie LIPP The famed brasserie Lipp is now at La Brasserie Georges Starring Chef Juliard from Paris For a limited season only from 15-30 April! Secretaries' Week Special Don't miss this opportunity of treating your secretary to superb French cuisine at the
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  • Page 6 Advertisements
    • 329 6 Good ideas keep coming up MORE FAX FEATURES EQUAL MORE VALUE FOR MONEY IWO MORE NEW COMMCT FACSIMILES FROM SHARP FO-620 (TAC NO: 1064-87 FAX 147) Half-tone transmission with 16 shading levels *12 onetouch dialling, 40 two-digit speed dialling Automatic turnaround polling, timer polling and multi-polling Highspeed G3/G2 transmission \Whether
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  • BANKING AND FINANCE
    • 442 7 JUNE EURODOLLAR opened unchanged yesterday from Chicago's close at 92.46 and drifted lower in quiet trading ahead of first quarter United States GNP figure. Position squaring and fear of Fed tightening on gain of GNP prompted the slow downward drift in prices. Trading, however, remained dull and featureless the
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    • 118 7 Reuter CHEMICAL BANK New York, part of Chemical New York Corp, plans to transfer its Zurich activities to Geneva around September, in order to save back office costs, a bank spokeswoman has said. Some 40 of the 170 staff employed by the bank's Zurich branch and
      Reuter  -  118 words
    • 485 7 Reuter A FIERCE BATTLE for market share is likely to break out within the European banking industry over the next few years as banks prepare for the creation of a single European Community market in 1992. "A few large, truly European financial groups will emerge, able
      Reuter  -  485 words
    • 288 7 Reuter IMM CURRENCY futures closed mostly lower in thin, featureless trading on Monday. Yen recovered small losses to close slightly higher for the day but were below session highs. Other contracts were near the middle of session ranges. "It was pretty dull overall," said analyst Kathy Jones of Paine
      Reuter  -  288 words
    • 59 7 THE OVERNIGHT rate on the Singapore interbank market rose points yesterday. The one and twomonth rates fell 1/16. Three months was unchanged. S$ interbank rates at 12 noon yester day: C*F€« MO Overnight 2 3/4 2 1/2 1 -month 3 3/16 3 1/16 2-monh 3 3/16 3 1/16
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    • 109 7 FT THE SYDNEY Futures Exchange. the fourth largest futures market outside the US. expects to start trading a new three-year Australian treasury bond contract on May 17. with options starting a month later. This was confirmed last Friday as the exchange published
      FT  -  109 words
    • 83 7 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID Of FEB HIGH LOW 3 months BQ*****Z 21.7.88 3.04 2.99 3.03 3.02 6 months BY*****H 22.9.88 3.10 3.05 1 year BY*****Z 23.3.89 3.21 3.16 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate
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    • 184 7 Indicates the average of the prime lending rates of 12 mafor banks In S'pore Interbank market rates (offer/bid) on April 26 US$ DM SWFC 7 doyi 7 6 7/a 1/1* —7 1S/U J J/16 J/16 2 1/4 I 4 »/16 7/16 1 mh 7 1/16 —6 IS/16
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    • 206 7  -  By LEONG WEN WAH MR WILLIAM Chee Foofc Onn, general manager (human resources and communications division) of the Overseas Union Bank, has retired He left the bank at the end of March Now in his fifties. Mr Chee has been with OUB for 14 years
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    • 341 7 NYT BELGIUM, banking on the rarity of its name in the international credit market, is raising a US$4OO million loan at terms most analysts say they believe to be the lowest ever seen The borrower is Societe Nationale de Credit a L'lndustrie,
      NYT  -  341 words
  • Page 7 Advertisements
    • 120 7 jf 4, iLtmt <> fJT N r* i Prepared by Hong Kong Masterchefs Dainty prawn dumplings crispy yam rolls Steaming hot buns and many more of your favourite dian xin in authentic Hong Kong flavour. Served daily in the cosy ambience of the Fortune Gate Restaurant Fortune Gate Restaurant the
      120 words
    • 282 7 New Tech Park has been designed to help you start operating quickly and economically. Integral lighting, suspended ceilings, air-conditioning (24-hours, if you wish) are all provided. As are to handle clean rooms and chemical <* waste disposal requirements. With easy access to the Bishan MRT Station and major expressways. Not
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  • COMMODITIES
    • 574 8 Bernama ES THE deputy executive director of the International Natural Rubber Organisation believes the current upsurge of rubber prices is due to fundamental reasons as there is obviously a deficit in supply. Mr Dieter Stiepel said that despite heavy selling, the stabilising effects
      Bernama ES  -  574 words
    • 239 8 Chinese Produce Exchange Sellers' noon dosing prices on April 26 (SS/100 kg) Coconut oil Bulk FOB 107.00 Old drum FOB 117.00 New drum FOB 121.00 Copra Mixed (loose) 61 sellers Pepper Muntofc white FOB NLW 1087.50 Sarawak white FOB faq NLW 1072.50 Sarawak spedal block FOB NLW 690.00
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    • 318 8 HONGKONG: The metal closed slightly higher on moderate buying yesterday, dealers said Most other traders preferred to stay on the sidelines. The metal ended at U*****.00/50 an ounce after opening unchanged from New York's close of $447.30/80. On the local market, gold fell $10 to end at HK54,187
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    • 184 8 London Commodity Exchange Buyer/Seller dosing prices on April 25 (£/torw>e unless specified). Previous closing prices in parenthesis. Coffee Bails in-jtoft Li ondon, sellers option CIF London Moy 1087/1089 High/Low (1082/1083) 1089/1080 Jul 1104/1107 High/Low (1098/1100) 1107/1101 Sales (1838) Cocoa May 893/894 High/low (877/878) 895/885 M 914/915 High/Low (897/898)
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    • 165 8 Reuter BRAZIL, the biggest coffee exporter, is in favour of extending an existing producer-consumer agreement to stabilise world prices. The number two producer, Colombia, is taking the same line ahead of preliminary discussions in London at the International Coffee Organisation on
      Reuter  -  165 words
    • 337 8 SINGAPORE The market closed higher yesterday with May 1 RSS buyers quoted at 242 50 cents a kilo, up 1.50 cents from Monday's close, dealers said. They said prices were marked higher at the outset following firmer Tokyo advices and rose further in subsequent thin trading on some underlying
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    • 238 8 RAS prices In S c*nts/kfl, FOB In bal* NOON CLOSE 6vy*rs S*ll*rs Buyer? Seller? Int 1 RSS Prompt 243.50 244.50N 244.00 245.00N Int 1 RSS May 88 242.00 243.00N 242.50 243.50 Int 1 RSS J una 242.00 243.00 242.50 243.50 Int 2 RSS OP 240.50 242.50N 241.00
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    • 79 8 (cann/kg) MAY 1988 JUNE 1988 (current month) (forward month) RAS NOON NOON luy»rl S*H*o Bvy«n SCUot SSI 30 234.50 236.50N 234.50 236.50N SSI 50 233.00 235.00N 233.00 235.00N MRELB twyan S»IWrl Ivywi SMR CV 395.00 397.00N 396.00 398.00N SMI L 407.00 409.00N 408 00 41 0.00N SMI
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    • 368 8 AFP NORWAY has increased North Sea oil production by more than 20 per cent since the government, in support of efforts by the Organisation of Petroleum Exporting Countries to bolster prices, promised to limit production to 7.5 per cent below capacity Norwegian officials
      AFP  -  368 words
    • 394 8 Bernama Total o/p o$ ot 1 IOOKrv 4034 contractv Turno»«f: 599 lon. Ctoting ton*: Slightly st*odi«r Malaysian crude palm oil futures closed slightly steadier on the Kuala Lumpur Commodity Exchange yesterday. Dealers said prices were firmer because of the tight supply for the nearby months and short covering
      Bernama  -  394 words
    • 94 8 Reuter THE KUALA LUMPUR Tin Market price recovered six cents to close at M 517.33 a kg yesterday. Turnover was 42 tonnes against Monday's 72. The Kuala Lumpur Tin futures market closed slightly steadier. Interest was abeent and turnover fell to 10 tonnes, the lowest level since the
      Reuter  -  94 words
    • 86 8 THE MARKET remained in limbo awaiting the result of the Opec meeting. Closing prices for crude (FOB origin) US$/barr»l Oianga TopJt (May) 17.40 wdi Minot (May) 16.40 xndi Dubai (June) 15.65 -0.05 W#tt T«xo* hwamadim a, WD (juna)* 1142 0.07 N«W York doM prxriouf day. Products (FOB
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    • 201 8 Reuter CBT WHEAT FUTURES closed 3-3/4 to 2-1/2 cents a bushel lower on Monday, with spot May down the most at $3.11-1/4. C and D Commodities sold between seven and 10 million bushels of July and September wheat on the day, pushing prices lower, traders said. Commercials then stepped
      Reuter  -  201 words
    • 184 8 Reuter CBT SOYBEAN futures dropped from the highs late in the session on Monday to close 4-1/2 to one cent a bushel lower. May finished 4-1/2 cents lower at $6.59. The late sell-off was led by local traders who liquidated long positions established earlier. Many participants have bet on
      Reuter  -  184 words
  • Page 8 Advertisements
    • 343 8 < STYLE'B9 Fabrics Garments Shoes Accessories (TRADE ONLY) May 25th to 27th, 1988, 2.00 p.m. to 6.30 p.m ■MM at the Century Fork Sheraton A® Singapore (9th Floor) For the ninth consecutive year, leading designers and i manufacturers from Austria will present the latest fashion materials /§i£ and accessories to
      343 words
    • 85 8 UCHIDA JAPAN BEST SELLER! UCHIDA OFFERS FINE QUALITY AT AFfOFIDABLE PRICES 9 5 II Jtutf I-STII UCHIDA CHECKWRITER :(M*w hi •'■it OFFICE DESK HOME/OFFICE SAFE KEY CASE CHECKWRfTER OFFICE CHAIR COMPUTER DATA SAFE SAFE LOCK REPAIRS SHREDOERS CUPBOARD FIREPROOF CABINET VISIBLE RECORDER •TYPEWRITERS FILING CABINET NIGHT DEPOSfT SAFE PERFORATOR RIBBONS
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  • Page 9 Advertisements
    • 277 9 L V» V- "XT"/ i made it to the TOP The computing power of Wearnes Technology's ALR range of microcomputers has created a distinct impact internationally. While Wearnes Technology was described by Fortune magazine as "a computer mini-conglomerate based in Singapore", its range of microcomputers have received rave reviews in
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  • PERSPECTIVE
    • 520 10 WHEN Missouri Democrat Richard Gephardt dropped out of the US presidential race last month it seemed to be a sign that Americans do not share his enthusiasm for Asia-bashing. Gephardt has been one of the loudest voices in Washington calling for protectionist trade barriers. But
      520 words
    • 1760 10  -  One of the most respected and well-known economists today Professor Charles Kindleberger once wanted to study the Classics. But thrown off by "a pedantic and disagreeable" teacher, he switched to economics and has never looked back since. TAN KEE WEE interviews the
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    • 1119 11  -  The Thai-Laotian border dispute flared up last November. Thai university don Surachai Sirikrai tells DAVID CHEW of the Foreign Desk about the efforts his country has put in to resolve the conflict, and the obstacles that stand in the way. DAVID CHEW THAILAND
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    • 798 11 Genetic engineering tampers with corn and dairy animals, raising their productivity The Economist BIOTECHNOLOGY is set to deliver the biggest jolt to farm economics since Joseph invented buffer stocks. Over the past 40 years, economies of scale, farm machinery, improved crop strains and pesticides have
      The Economist  -  798 words
    • 856 11  -  By BERNARD E TRAINOR NYT ALTHOUGH a minor engagement by World War Two standards, last week s Persian Gulf battle was the most significant American naval surface action since the battle of Leyte Gulf in the Philippines in 1944 It underscored the accuracy
      NYT  -  856 words
  • Page 10 Advertisements
    • 93 10 Business Times will publish its eleventh annual Banking, Finance and Insurance supplement on May 11th. It will be a wide-ranging and penetratine analysis of what the future holds for the financial sector, and will include the views of leading bankers, and finance and insurance executives. This supplement will, like its
      93 words
  • Page 10 Miscellaneous
    • 680 10 mmmm CRYPTIC PUZZLE ACROSS 1 Redhead bringing father a happy ending (5) 6To hug as one should (5) 9 Mistakes made by a novice in the shower, possibly (7) 10 Will it be worn for the month ahead? (5) 11 End of a sentence? (5) 12 Cut share, maybe (5)
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  • Page 11 Miscellaneous
    • 1303 11 WJ as© oaaaa PM Opening and Programme Highlight* followed by Fashion TV. Fashion TV takes us to the most prestigious event for American designers, the Council of Fashion Designers of America Awards Presentation. The spring collection of designer Patrick Kelly and the avant-garde hairstyles of Trevor Sorbie are also featured.
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  • SPORTS & LEISURE
    • 774 12  -  By DAVE KINDRED NYT SOME LETTERS come addressed with only his name Dan Jansen The mailman knows where to deliver the letters. He Knows because in February, on an icy oval in Canada, Dan Jansen fell into our hearts to stay. The letters Keep
      NYT  -  774 words
    • 148 12 Reuter ITALIAN Ettore Pastorelli kicked off the Tour of Spain with a surprise win in the 17.4-km time trial in the Canary Islands on Monday He finished in 19 minutes 58 seconds, with Spaniards Modesto Urrutibeazcoa and Francisco Javier Quevedo in second and third places.
      Reuter  -  148 words
    • 345 13 UPI LEE TREVINO rolled in 25-foot birdie putts on the opening two holes on Monday as he and Jack Nicklaus took an early two-stroke lead over Greg Norman and lan Woosnam midway through the US$3OO,OOO Desert Scramble in Arizona. Trevino and Nicklaus recorded four birdies
      UPI  -  345 words
    • 350 13 UPI JOHN McENROE defeated Stefan Edberg of Sweden 6-3, 6-4 on Monday to capture the final of the Michelin Challenge Series in Inglewood. California. McEnroe. 29, collected the top prize of US$lOO,OOO following the 91-minute match, while Edberg pocketed US$4O,OOO. "It's great to
      UPI  -  350 words
    • 617 13 UPI CARL LEWIS says that his loss to Ben Johnson in last year's world championships has not affected his status as the world's No. 1 sprinter. "Most people that see me don't even know Ben," Lewis said at a news conference
      UPI  -  617 words
    • 181 13 Reuter CHRIS DITTMAR beat fellow Australian Rodney Eyles 9-5, 8-10, 9-5, 9-6 in a classy Paris Open squash championship quarter-final on Monday. Dittmar, seeded second, had to draw on his wide experience to win in spite of taking the opening game
      Reuter  -  181 words
    • 224 13 UPI BRUCE HURST threw a six-hitter, and Brady Anderson and Marty Barrett each drove in two runs on Monday to lead the Boston Red Sox to their sixth straight win, 5-1 over the Brewers in Milwaukee. Hurst, 3-0, pitched his first complete game of the
      UPI  -  224 words
    • 61 13 Reuter RETIRED figure skater Katarina Witt on Monday added a top East German award to her collection of medals and honours. She received a bar from East German head of state Erich Honecker to add to her National Order of Merit in gold, one of the
      Reuter  -  61 words
    • 317 13 AFP A BRAVE FIGHTBACK by Joe Johnson failed to prevent the 1986 winner from crashing out of the World Snooker Championship at the hands of 50J>-1 outsider Steve James in Ihe second round in Sheffield. England. on Monday. Johnson, who won the
      AFP  -  317 words
    • 469 13 AFP SUSSEX, bottom of the English County Championship last year, showed it means business this season by opening its campaign with a seven-wicket win over Somerset on Monday. Appropriately, it was new captain Paul Parker, the former England batsman, who masterminded its first championship
      AFP  -  469 words
    • 267 13 AFP KINGSLEY BLACK, the teenage Luton winger, had Northern Ireland manager Billy Bingham rejoicing yesterday when he ended 24 hours of bitterness and confusion by opting to reject England's approaches and fly to Belfast for today s friendly against France A jubilant Bingham joked.
      AFP  -  267 words
  • Page 12 Advertisements
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    • 219 12 IHEHMI Catch the excitement and fever of Singapore's richest annual fashion and glamour event. SEMI-FINALS Model of The Year April 26,29 Male Model of The Year May 3, 6 Discovery of The Year May 10, 13 (all starting at 9 pm) EWKilil For reservations call *****11 ext 721, The management
      219 words

  • Page 13 Advertisements
    • 538 13 and entertain übertus (£jrtll r. Roast Duckling for Two just for you. At only $22.50 per person. Our special for April is Roast Duckling for Two, carved with an expert hand at your table side, served with a rich Plum Sauce, Young Ginger, Buttered Brussel Sprouts. Young Corn and Dauphinoise
      538 words
    • 59 13 W 'ki-tjkp, Chen Chung Hakka Restaurant Marina Square *02-250 (near Rasa Marina Food Centre) Business Hours: 11.30 am to 2.45pm 6.30pm to 9.45pfn v>V* A®- b V V I Please dial Tel: *****08, *****49 for reservations to iarge party to be held on Monday to Friday only dinner or Lunch
      59 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4652 14 THE LOCAL BOURSE traded lower yesterday in spite of Wall Street's stronger overnight finish and the rise in Tokyo to an all-time high. Trading was quiet throughout the day, with activity concentrated on Malaysian speculative counters. Though the market opened on a firm
      4,652 words
  • Page 14 Advertisements

  • COMAPNY NEWS
    • 488 15  -  By AMY BALAN GREAT EASTERN Life Assurance Co. which will celebrate its 80th year in business this August, is now a $2-billion company. In his annual address to shareholders, chairman Tan Sri Tan Chin Tuan said assets of the company exceeded $2 billion to
      488 words
    • 420 15  -  By MAGDALENE NG THE STOCK EXCHANGE of Singapore has moved in to clear the confusion over which financial institutions are entitled to receive commission rebates on share transactions from local stockbroking firms. In the latest of a series of circulars, dated April 13, the SES
      420 words
    • 3342 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 are quoted after the word 'SETT".
      3,342 words
    • 303 15 Managers' prices for April 27 Singapore Unit Trust The Commerce 0 94 100 The Savings Fund 080 0 86 S pore Prog fund 038 042 S'pore Sec Fund 063 068 Spore Invest fund 067 072 S pore Equity fund 0 45 049 Asia Unit Trust Japon Gr fund
      303 words
    • 301 15 UNITED OVERSEAS LAND Ltd: 25th AGM at the Board Room. 30th Storey, UOB Building. 1 Bonham Street, Singapore 0104, tomorrow at noon. SELANGOR PROPERTIES Berhad: 26th AGM at 4th Floor, Wisma Perdana, Jalan Dungun, Damansara Heights. ***** Kuala Lumpur on Friday. April 29. at 11 30pm. KRAMAT TIN
      301 words
    • 536 15 MBT WITH MALAYSIAN stockbrokers expressing little enthusiasm (or a new delivery and settlement system, the Kuala Lumpur Stock Exchange is expected to keep the status quo for the time being. Although the Stock Exchange of Singapore implemented a new system last
      MBT  -  536 words
    • 581 15  -  Combined stakes of major owners above 75pc By ROSIE TAN TRADING IN Khoo Teck Puat's Hongkong-listed company, Estate Finance Ltd (EFL), was suspended on Monday following the company's failure to reduce the combined stakes of its major shareholders below the 75 per
      581 words
    • 222 15 THE LEASING company which Trans-Island Bus Services Ltd (Tibs) is buying over intends to raise its issued and paid-up share capital through a rights issue. United Leasing Services Pte Ltd (ULS) will increase its issued and paid-up share capital from $3
      222 words
  • Page 15 Advertisements
    • 71 15 fcock n ßo\/ Hear the sounds of the 60's featuring Manila's #1 Revival Band The Hi-Jacks Nightly performance Sunday to Thursday Bpm to lam Friday to Saturday 9pm to 2am NO COVER CHARGE Jug O'Beer Nights every Sunday, Monday and Tuesday $20/- nett per pitcher RESTAURANT Metro Paragon, 290 Orchard
      71 words
    • 197 15 BUSINESS OPPORTUNITIES IN DARWIN, AUSTRALIA Are you looking for new opportunities or new markets? Darwin, Northern Territory of Australia offers businessmen in Asia a connection to the international market. The newly established Darwin Trade Development Zone is the first free-trade zone in Australia where industrialist can manufacture in a duty-free
      197 words

  • REGIONAL MARKETS
    • 357 16 FT DR ARMAND HAMMER, chief of Occidental Petroleum, signed two co-operation contracts with Chinese corporations on Monday despite continuing problems with his largest China project, a US$75O million joint-venture coal mine in the northern province of Shanxi The new projects are a coal preparation plant
      FT  -  357 words
    • 2944 16 SPORADIC late bargainhunting and covering activities were the highlights on the Kuala Lumpur stock market yesterday in an otherwise sluggish session. Prices managed to close on a steady note after moving within narrow margins for a good part of the day. Business volume was
      2,944 words
    • 1419 16 Hongkong Reuter HONGKONG share prices closed weaker yesterday on stepped up selling as overseas investors were increasingly concerned about the local trade performance. Brokers said sentiment was depressed by rumours that the March trade data, due later today, would show no growth in domestic exports. US gross
      Reuter  -  1,419 words
    • 80 16 AFP JAPAN'S Mitsui Real Estate Development Co said in Tokyo on Monday that it would open a 301-room, four-storey international hotel in Xian tomorrow in a joint venture with the historic Chinese city. The Xian Garden Hotel complete with a dinner theatre and a cultural
      AFP  -  80 words
    • 488 16 Reuter TOKYO share prices yesterday closed slightly higher and at a new peak on incentive-backed buying, but the market mood was cautious with gains tempered by profit-taking, brokers said. "People are looking towards the US first quarter GNP data," said general manager Hiroyuki Wada of Okasan Securities. "We have
      Reuter  -  488 words
    • 425 16 Reuter THE AUSTRALIAN national share market closed slightly firmer in lacklustre trading yesterday following the Anzac Day holiday on Monday. Brokers said local institutions concentrated on industrial stocks, particularly banks, but turnover was still below the levels of the past week. "Obviously the market had the long weekend blues,"
      Reuter  -  425 words
    • 159 16 Reuter THE SECURITIES Exchange of Thailand Index rose 2.68 points to 405.03 yesterday on a turnover of 6,359,805 shares valued at 706.86 million baht. AM BAHT Ao Kham Thai Ayudhya invaatmai H 390 -4 Bangkok Agro-lnd DaMkAk Dank 143 1 _2 DtflK Bank Of Ayudhya <KV ....352 -t-2 Charoono
      Reuter  -  159 words
    • 238 16 AM All Sincara Indus Asia Camant NT S 400 82 SO 0.11 2 5 2.5 11 1.5 1.5 0.5 Koiin Kuochan Dav Laa Chang Yuan Cham Indus Dan Hwa Indus Nan Ya Pias 43 30 59 00 54 50 80 00 74 50 0 6 15 15 15 2
      238 words
    • 72 16 AM M KSOS *1Marsteei Oriental B 0 042 •0 001 Phil Overseas 0 033 •0 002 0 01 unch unch Ape« Mining B 0 028 unch PLOT Atlas Co« B 23 50 unch 172 2 0018 0 021 -0 001 Beoguet Con B 85 unch Sirrve Darby 30 unch
      72 words
  • Page 16 Advertisements
    • 8 16 NOTICES Ty.lCl i em SBuSI i i I
      8 words
    • 338 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ASIATIC NAVIGATION (UNIT I) PRIVATE LIMITED (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the members of ASIATIC NAVIGATION (UNIT I) PRIVATE LIMITED duly convened and held at 10 Collyer Quay
      338 words
    • 439 16 IN THE MATTER OF THE COMPANIES ACT, CAR 50 AND HUP YAU CONSTRUCTION TRADING CO PTE LTD (Incorporated in the Republic of Singapore) At an Extraordinary General Meeting of members at HUP YAU CONSTRUCTION TRADING CO PTE LTD duty convened and held at Blk 531. Hong Lim Complex, Upper Cross
      439 words
    • 236 16 In The Matter of The Companies Act, Cap.so And In The Matter of BEL AIR INVESTMENT PTE LTD (In Members* Voluntary Winding Up) Notice is hereby given, pursuant to Section 308 of the Companies Act. Cap. 50. that the final general meeting of the members of the above-named company will
      236 words
    • 156 16 OFFICIAL NOTICE PROPOSAL TO CHANGE A SHIP'S NAME NOTICE IS HEREBY GIVEN that in consequence of the intended purchase of a ship by our principals. Black Navigation Pte Ltd, we have applied to the Director of Marine under Section 417 of the Merchant Shipping Act (Cap. 172) in respect of
      156 words
    • 6 16 The Seoul market was closed yesterday
      6 words

  • WORLD MARKETS
    • 1037 17 New York Reuter NEW YORK STOCKS closed higher on Monday in light trading. Traders said stability in the dollar and bond markets i before yesterday s report on first quarter GNP facilitated some bargain hunt- ing, but the action was dull with dividend-related trades accounting for
      Reuter  -  1,037 words
    • 1033 17 London Reuter LONDON equities opened firm yesterday after Wall Street reached its highest level for two weeks and Tokyo stocks touched new peaks. Rowntree surged 157p to 909 after a £2.1 billion offer from the Swiss food company Nestle. There has been much market speculation that a
      Reuter  -  1,033 words
    • 1299 17 Selected indices HONGKONG Hongkong Index Tuesday 1,***** Monday 1.***** Week ogo 1.***** Hang Seng Index Tuesday 2.***** Monday 2.623 75 Wee* ogo 2.593 93 All Industrials Tuesday 2.3121 Monday Closed Week ogo 2.3185 NEW YORK Dow Jones Monday 2.037 30 Friday 2.***** Week ogo 2 008 12 TOKYO Nikkei Average
      1,299 words
    • 76 17 Reuter ITALIAN beverages group Martini E Rossi will top up its friendly bid for French liqueur maker Benedictine in a takeover battle with rival bidder Remy Martin, the French cognac house Martini has raised its offer to 7,700 francs per share from 6.550 francs, valuing Benedictine at
      Reuter  -  76 words
    • 139 17 NYT THE BOEING CO on Monday reported higher first-quarter earnings despite lower sales The company attributed the improved profits primarily to lower research and development costs in its core businesses of commercial aircraft, aerospace and computing. These factors were partially
      NYT  -  139 words
    • 412 17 FT EXXON and Mobil, the giants of the US oil industry, have reported a surge in earnings in the first quarter because a fall in the price of crude oil led to windfall profits on products and chemicals they refine from crude. The
      FT  -  412 words
    • 312 17 AP SHAREHOLDERS of Firestone Tire and Rubber Co have voted overwhelmingly in favour of the US$2.6 billion buyout by Bridgestone Corp, Firestone chairman John J Nevin said on Monday. The Japanese company's US$BO per share offer was supported by 99.3 per cent of the 58
      AP  -  312 words
    • 445 17 NYT THE WHITE HOUSE working group on the market crash is likely to produce a set of proposals that will closely track the broad recommendations made in January by the Brady Commission, with one key exception. An administration official said on Monday that the
      NYT  -  445 words
    • 236 17 Reuter THE CUSTOMERS' letters come steadily to the tiny headquarters of Newman's Own Inc in Westport, Connecticut. The thousands that have accumulated are an odd assortment of fan mail, love notes, photos and pleas for cash not the sort of mail one would expect
      Reuter  -  236 words
    • 119 17 Reuter BRITISH-BASED International Leisure Group (ILG) announced in London on Monday that it had placed a billion-dollar order with Boeing for 30 planes to challenge Europe's big airlines. In Seattle, Boeing said ILG had agreed to buy 22 of its fuel-efficient
      Reuter  -  119 words
  • Page 17 Advertisements
    • 568 17 I SINGAPORE TOURIST PROMOTION BOARD TENDER NOTICE DEVELOPMENT AND MANAGEMENT OF THE RE-SITED BUGIS STREET Tenders are invited for the DEVELOPMENT AND MANAGEMENT of the resited Bugis Street The former Bugis Street was world renowned It was a place where tourists could mingle with locals and enjoy the sights, sound,
      568 words

  • 560 18  -  Singapore one of three selected centres By SOH TIANG KENG Financial Correspondent JAPAN'S Nomura group, the world s biggest securities and investment house, plans to have US$3OO million to US$4OO million worth of funds managed by its new fund management subsidiary within the
    560 words
  • 535 18  -  By LILIAN ANG AS IT OPENS a new $25-millior factory, Apple Computer plans tc beef up its Singapore operations even further. Apple chairman John Sculley who is in town for the opening ol the Ang Mo Kio factory tomorrow, says the company intends
    535 words
  • 207 18 AFP POLLS closed last night in the election to choose a new 299member South Korean National Assembly, officials of the National Election Management Committee said in Seoul yesterday. The polls closed at 0900 GMT, 11 hours after they opened, the officials said. They also
    AFP  -  207 words
  • 281 18 Reuter US Senate Democratic leader Robert Byrd warned President Ronald Reagan on Monday that if he vetoed the trade bill pending in Congress, the Democrats might retaliate by killing some provisions cherished by the White House. The Senate resumed debate on the
    Reuter  -  281 words
  • 95 18 HONGKONG'S trade deficit almost doubled in March compared with a year earlier as domestic exports dropped and imports rose sharply. Government statistics released yesterday showed that domestic exports, the mainstay of the British colony's booming economy, dropped 3 per cent from a year earlier to
    95 words
  • 149 18 AP CHINA plans to unveil this week a draft constitution for postcolonial Hongkong that is sure to spark debate over the degree of autonomy Beijing will allow the capitalist enclave. The constitution, known as the Basic Law, is to provide the legal framework for
    AP  -  149 words
  • 40 18 Reuter JIM MANZI may be the highest paid business executive in history but he says he'd prefer no one knew he earned U5526.3 million last year. "I am really a private person." he said in Tokyo yesterday Reuter
    Reuter  -  40 words
  • 357 18 AFP THE ASIAN Development Bank (AOB) opens its annual meeting in Manila tomorrow with a reunion of sorts between China and Taiwan and a quiet struggle for supremacy between the US and Japan. More than 1.500 officials. bankers and experts from across the
    AFP  -  357 words
  • 546 18 Bernama THE HIGH COURT in Kuala Lumpur which on Feb 4 declared the United Malays National Organisation an unlawful society at the time it held its 38th general assembly on April 24 last year has said in its written judgment
    Bernama  -  546 words
  • 237 18 AFP CHINA implicitly confirmed yesterday that it was closing a major sale of arms to Thailand including tanks, ships and radar systems. "China and Thailand are friendly countries and we have extensive exchanges and cooperation in political, economic and other fields," a Foreign
    AFP  -  237 words
  • 81 18 Reuter COMEX gold futures gave back early gains on foreign and speculative selling early yesterday in response to the first-quarter US GNP data, traders said. June gold traded US$O.6O higher at U*****.70 an ounce after trading between U*****.70 to U*****.30. Silver futures were mostly lower at
    Reuter  -  81 words
  • LATE FILE
    • 39 18 AP CREW members of All Nippon Airways and Air Nippon began a 24-hour strike for higher wages yesterday, forcing cancellation of hundreds of domestic flights and affecting more than 50,000 passengers, airline officials said. AP
      AP  -  39 words
    • 34 18 AP MINORITY floor leader Juan Ponce Enrile is the richest Philippine senator out of the 11 who have so far filed reports on their annual income, the Chambers Secretariat said yesterday. AP
      AP  -  34 words
    • 52 18 Reuter A SENATE committee has asked President Corazon Aquino to stop payments on a US$2.l-billion loan for an unused nuclear power plant in the Philippines. Manila pays U*****,000 in daily interest on the nuclear loan. The Committee on Government Corporations said payments should be suspended
      Reuter  -  52 words
    • 65 18 Bernama WESTLAND Helicopters Ltd, part of the UK-based Westland group, has signed an agreement with Airod Sdn Bhd to provide support services for the Royal Malaysian Navy's fleet of six 'Wasp" helicopters bought from Britain. Airod Sdn Bhd said yesterday that the Wasps", formerly operated
      Bernama  -  65 words
    • 54 18 Bernama ES A PRIVATE think-tank, the Malaysian Institute of Economic Research, has made a drastic revision to its forecast for Malaysia's 1988 economic growth to 5.9 per cent, from 2.7 per cent, but cautioned that effects of the October 19 global stock market crash may
      Bernama ES  -  54 words
    • 35 18 Reuter THE New Zealand government said yesterday it planned to deregulate broadcasting, opening the industry to new radio and television companies that would not need licences to hit the airwaves. Reuter
      Reuter  -  35 words
    • 40 18 Reuter US VOTERS in Pennsylvania's presidential primary election appeared likely to give Massachusetts governor Michael Dukakis a sweeping victory yesterday over black civil rights leader Jesse Jackson for the Democratic nomination, opinion polls show. Reuter
      Reuter  -  40 words
  • Page 18 Advertisements
    • 166 18 JOINT VENTURES A WINDOW TO OPPORTUNITIES Thursday 19 May 1988 Hilton International Singapore CONFERENCE HIGHLIGHTS I Business Opportunities And Financing Strategies For Joint Ventures I Dynamic Planning For Joint Venture Projects I Legal Issues Affecting Corporate Joint Ventures Taxation Issues In Relation To Cross Border Joint Ventures The Challenges Of
      166 words
    • 5 18 _]$]}{};>;|/<:*?%)@~}^<]_"`,*)[ Re-export trade surges, Page 4
      5 words
    • 164 18 bt <w Tl Put a smile on her face. What better way to show your secretary that you really care than to take her out auring Secretaries' Week from April 25 to 29. Hubertus Grill She will enjoy our generous Lunch Buffet spreaa of tempting varieties. From noon to 3pm
      164 words

  • SHIPPING TIMES
    • 443 19  -  By LINDA CHEE NANTAI LINE is building on the success of its Far East-South Africa service with a fourth vessel to enter service next month. Mr David C S Yang, president of the Nantai Group, told Shipping Times that two-way
      443 words
    • 275 19 MITSUI OSK Lines is now offering shippers moving export cargo through the ports of Seattle and New York use of the US Customs automated manifest system (AMS). It will also link up with the system at the ports of Los Angeles
      275 words
    • PORTSIDES
      • 108 19  -  From Vonnie Bishop HANJIN Container Lines of South Korea is to open its own office in Hongkong in May as part of a drive to extend its activities on a regional basis. A statement from the company said: "Close cooperation between Hanjin and Korea Shipping
        108 words
      • 101 19 Reuter MEMBER LINES of the Association of West India Trans-Atlantic Steam Ship Lines (Witass) is to raise the Currency Adjustment Factor (CAF) on traffic to and from the UK and the Republic of Ireland to positive 19 per cent from positive 16 per cent effective
        Reuter  -  101 words
    • 162 20 THE MAJOR shipping consortia operating between the Far East/European, Far EasTTPersian Gulf. Straits ports/Australia, Straite/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 Nedlloyd
      162 words
    • 1088 20 Two factors union power and tax liabilities are among the top concerns for choosing a register. This article looks at how the Manx register and NIS are coping with their success. Seatrade THE LAST YEAR has seen the competition for ship registration
      Seatrade  -  1,088 words
    • 408 20 Lloyd's List A GROUP of Middle Eastern businessmen has expressed interest in buying the Normed shipyard which is due to close at the end of July at La Ciotat on the French Mediterranean coast. The yard, which was caught up in the collapse of
      Lloyd's List  -  408 words
    • 1085 20 AB Shpg V 5 ABC Conto.ner VNI 1 Accord Shpg VI 3 Ahrenk-el liner XI 3 Afnca Ocean XN 2 AlHrons VN 3 AC Toepfer XI 5 American Tpt XII 4/5 Anro Serv.ce IV 23 Arrow line* IX 5 As<an Ocean XI 4 Assoc Co" oge XI
      1,085 words
    • 104 20 Reuter SEVEN SHIPPING lines have told shippers and receivers that they are to raise most UK haulage, terminal and related charges from July 1. Inland haulage charges will be raised by 5 per cent, while terminal service charges and related costs
      Reuter  -  104 words
    • 459 21  -  From KINGSLEY WOOD NEW ZEALAND Line (NZL) has sold its share of the Australian New Zealand Direct Line's North America trade route to the South Pacific island operator Sofrana Lines. NZL's parent, the New Zealand Shipping Corporation, has the option to re-purchase
      459 words
    • 976 21 AFP RATES plunged on the dry cargo market over the past week, particularly for Panamax vessels (50,000 70,000 tonners capable of navigating the Panama canal) on the US Gulf and US North Pacific grain routes to Japan. The Biffex (Baltic International Freight Futures Exchange) index plummetted by 112
      AFP  -  976 words
    • 7996 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.
      7,996 words
    • 2048 28 A—B AB Shipping Boustead Shpg Agencies ABC Containerhne NV S pore Shpg (S) Accord Shpg Accord Shpg (S) Africa Ocean Lines Sea Hon Shpg (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceanus Shipping Agencies (S) Multtport Sdn Bhd (PK) Alltrans Ailtrans Express American President
      2,048 words
    • 1439 28 THE FREIGHT market on Monday began the week with an easier undertone reported tor Panamax sized vessels but smaller bulk carriers generally appeared to be holding fairly steady, shipbrokers said In fact, several vessels were said to have been fixed from the Gulf to Venezuela with rates rising
      1,439 words
    • 321 30  -  From VONNIE BISHOP CHINA has opened a new international container route and is creating much foreign interest with new port construction work at Dalian. The Shanghai Ocean Shipping Company officially started its additional China/Japan/Australasia run last week with the first of the company's
      321 words
    • 185 30 P O denies withdrawing NUS recognition Reuter THE Peninsular and Oriental Steam Navigation Company has denied a press report which said it planned to withdraw recognition of the National Union of Seamen. NUS leader Sam McCluskie said the union would mount a 2,000-strong picket, to block plans for sailing ferries
      Reuter  -  185 words
    • 188 30 FT DEMAND for crude oil tankers could be significantly reduced by pipelines under construction or discussion in the Middle East, according to a report from Intertanko, the International Association of Independent Tanker Owners. Two pipelines are currently under construction from the Iraqi oilfields to
      FT  -  188 words
  • Page 19 Advertisements
    • 770 19 v V* TIMES STP Distributors SB*** 08 WW/ OigENT OVTKJIAS CohLu«* LINE *gents: JARDINE SHIPPING AGENCIES (Reg No 242*4, OOK) 200 Cantonment Road #12 05 Southpoint. Singapore 0208 Tel *****11 TELEX NO RS ***** TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34 235 PESAM JARDINE SHIPPING AGENCIES SON BHD PORT
      770 words
    • 102 19 MSB HE LAST YEAR has seen the competition for ship registration (or flagging-in) hotting up with the long expected inauguration of the Norwegian International Ship Register. Page II NEW ZEALAND Line (NZL) has sold its share of the Australian New Zealand Direct Line's North America trade route to the South
      102 words
    • 746 19 *°v TIMES STP Distributors USA IS CLOSER TO YOU WITH MAERSK OAKLAND 17 DAYS LOS ANGELES 18 DAYS Feeder from! Port T "is wee* Arthur M Closing T.me CY 27/4 2300 HRS CS 27'4 1300 MRS This week Arthur M Closing Time CV 27/4 2300 HRS CPS 27/4 1300 MRS
      746 words

  • Page 20 Advertisements
    • 787 20 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ROTTERDAM/I ANTWERP LA SEINE HAMBURG EXPRESS KOWLOON BAY S£NAVON OSAka bay kaga I^^EROUSE 1 ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST. DUBLIN, COPENHAGEN, AARHUS. GOTHENBURG, MALMO. HELSINKI, OSLO AMSTERDAM CARIBBEAN I S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT
      787 words
    • 17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 465 20 NOTICE NOTICE WITH IMMEDIATE EFFECT BRUNING SHIPPING TRADING PTE LTD, SINGAPORE IS NO LONGER AN AUTHORIZED REPRESENTATIVE OF RETLA SHIPPING COMPANY FOR ANY OF THEIR SERVICES. FUTURE ENQUIRIES SHOULD BE DIRECTED TO EURO ASIA CHARTERING CORPN PTE LTD, SINGAPORE, TELEPHONE 225-6326 AS MANAGING AGENTS. !S CSAV Corrpjnio SudAmcriccnj dc Vjpcres
      465 words

  • Page 21 Advertisements
    • 1148 21 The Straits Steamship Group Mansfield Container Shipping Pte Ltd P&O Containers CONTAINERSHIP SERVICE TO UK/CONTINENT: LA Stint HAMBURG tXPHESS KOWIOON BAY KNAVON OSAKA SAT KACA LA PIROUS£ LAKS BAY CITY Of tDtNBURCH 01,« 02/05 um mm am am nm am IMS 2MB am am 3M» torn tVK Ston M'kurf Shaw
      1,148 words
    • 326 21 EUROPE BEIBAI SEBATM rMK SEMTM jvu seiam AMEJtttA* SHATM *F M 7 wr an wf an vf an lEUU ee aaa ee an ee aia ee an SENATOR LINK General Agent: USA/PANAMA 111 VESSU SELSIAN SEN new rem sen JtfU SEN accept* uan nmm tn uu. ml ma. sm. tam.
      326 words

  • Page 22 Advertisements
    • 425 22 ?< mSINOSE IMARITIME PTE LTDI m IRAN TAKHTI IRAN VAHOAT ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE Singapore 30/5 21/5 Loading for BANDAR ABBAS BANDAR ABBAS KYOWA LINE PNC/8. PACIFIC SERVICE Singapore Loading for. A VESSEL 10/5 LAE. PMB. RBL. HRA MICRONESIA SERVICE OCEANIA EXPRESS V-13 4/5 OCEANIA EXPRESS
      425 words
    • 881 22 JIG.&.IjINE Mini a imwmt co»*s*A rum FULLY CONTAINERISED SERVICE TO Member of the Ace Consorli ;ni ffROM [JROPf VIA SUEZlAMember o( the Ace Consortium H Kong Kaoshiung Buijn Osaka S pore 3 5 CHINA CONTAINER 44E HONGKONG CONTAINER S4E 10 5 KOREAN JACEWON 43E 17 5 QUEEN S WAY BRIDGE
      881 words
    • 314 22 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO DUBAI: SAILING 6/5 FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS. TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ft ISTANBUL U.S.A. 5/6 21/6 CHICAGO, BOSTON. JAV, PHIL, SAV, 11/5 2/6 14/6 I MIAMI ALL INLAND DESTNS 7/5 PAPUA NEW GIIIMFA PORT
      314 words
    • 1187 22 SHIPPING TIMES, Wednesday, April 27, 1988 ©EVERGREEN Full Container Service gJjyorld_East_Bound (FE/CARIB/USEC/EURQ/FE) »i: sssssj-" s> K l™ r i«111 linn 1111 i i 11/7 I*7 20,7 a/7 22/7 13/4 ALSO ACCEPTINC CARGO TO W?UBI'MC?OM «w£oA SA nc W AM STt> PH AWLft,,A n > w MCXMMMUI. 2) ATLANTA CHICAGO OETPOIT
      1,187 words

  • Page 23 Advertisements
    • 524 23 r PACIFIC INTERNATIONAL LINES \W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 1 VESSEL MAJAPAHIT GOWA KOTA EAGLE FAR EAST CONTAINER SERVICE 16SB Sid SM 26/4 20NB 21S 4/S 6/5 11/5 13/5 17/5 2358 7/5 10/5 12/5 24N8 16/5 16/5 23/5 25/5 27/5 31/5 1158 21/5 23/5
      524 words
    • 321 23 NORBUL T* NORBULK CARGO SERVICES LTD. REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS TO: INDIA/PAKISTAN PORTS TO: KOREA JAPAN PORTS NORBULK NBJO2 LOADING FOR TOKYO/INCHON "LOADS INDONESIA PORTS SUBJECT TO CHANCE WITH/WITHOUT PRIOR NOTICE SPORE MARATHON UNITED AGENCY PTE LTD TEL :??SJ66 KL PK S P YEO SHPG
      321 words
    • 581 23 1 rm BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT Kow'oon l«y Btnjron Ou>> lit L> PtfOUM Larp 8., City of Uintwrfh Hanfkonf Eiprm C*r4i|w> Bay (HAVEN ROAM HAVRE I*s 17/5 22/5 3/5 llrt Mft 17/5 Mrt 2*5 22/5 22/5 3/5 25/5 27/5 27/5 U/5 2» M 7» M 11*
      581 words
    • 566 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI UOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE i VSL/VOY S PORE BILBAO ANTWERP H BURG ROAM/ADAM BREMEN L.J. BONTANG/14WB 1-3-5 9/6 12/6 SRIWIJAYA/23W8 10 13 5 20/6 24/6 OCEAN PRIMA 10WB 20-22/5 30/6
      566 words
    • 394 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING COBPOMTinif (Burmese National Line) Spore HTONEYWA V234W 18/26 Apr Loading for Rangoon P.Kelang Penang Bangkok LOIKAW V 133W PAGAN VI27W AVA V*l PA AN V,124W 30 Apr/10 May 3/5 May 2/5 May S/7 May 8/9 May BANK LINE SEMi-CONTAINERSERVICE NORTHBOUND TO UKC SPORE
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  • Page 24 Advertisements
    • 648 24 "Klin* KAWASAKI KISEN KAISHA, LTD. N. AMERICA-ATLANTIC COAST NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP VIA FEEDER VOV LB 13 19/3 N. AMERICA PACIFIC SOUTH-WEST EUROPE (Member of ACE) ORIENTAL CHIEF TRANSWORLD BRIDGE NEPTUNE DIAMOND NEPUNE CRYSTAL VOY CHINA CONTAINER 44E
      648 words
    • 409 24 rjniiiii-'iriiga Accepting LCL and containerised cargoes Dlrsd to South Africa NEDLLOYD COLOMBO 5234F OSAKA MARU 5339F VIRGO 0301F Spore Durban P.Eliz C.Town 21/4 11/5 13/S 17/5 10/5 23/5 250 26/5 17/5 1/S 6/6 9/6 HAYAKAWA MARU 5037 C Sid Sid VENTO 0106 S §2 VAAL 5135 C Sd 27 4
      409 words
    • 852 24 'M INDIA EXPRESS CONTAINER SERVICE TIGER BAT V 35 ORIENT SUCCESS V 107 S 0 MANIPUR V J7H TIGER BAY V X INDIAN COURIER V JO* AGIOS ANMEAS V C I ORIENT SUCCESS V 101 S 0 NACAIAND V m TIGER BAT V 37 INDIAN COURIER V 31N ORIENT SUCCESS
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    • 564 24 GOLDEN LINE rxiO\ GUAN GUAN SUPPING (PTE) LTD n. TtM Ayar Strut V SI MCA PORE 0104 TEL SJ4JMI (10 LINES) Fai *****04 STRAITS/PERSIAN GULF SERVICE: Spore PMn, Pw.nj GOLDEN BEAR Colombo,'KaradwDubai 17/11 May GOLDEN HARVEST Colombo Karachi Dubai 1/9 iunt CHINA SERVICE DAI YUN SHAN Dalian 3/S May A
      564 words
    • 565 24 SHIPPING TIMES, Wednesday, April 27, 1988 PHILI onICNT LIN€S PT€ LTD l HfAO OFFICE 63 ROBINSON ROAD -071? 1 AFRO ASIA BUHOING SINGAPORE 0106 TELE* RS ***** PHILI FA* *****76 UK/EUROPE SERVICE 7/5. IZ/5 DUBAI. DAMMAN KUWAIT. BOMBAY. DONA MUSCAT. BAHRAIN. ABU DHABI i SHARJAH JEDDAH HOOEIDAH AQABA H KONG
      565 words

  • Page 25 Advertisements
    • 1030 25 \V 4\ b NEPTUNE AGENCIES PTE. LTD ft EU/AUST TP*,St/ >V' T o«Mral Enquiries: T*l: *****77 pM IIIKII ss? ,oo i ts as ss VfcSri "—V bh p MUn NEPLINE SON. BHO. jum7 o*lll 27*1 1 7L> K Lumpur NEPLINE SON. BHD. *****33 INWARD/OUTWARC NEPTUNE ORIENT ITD '•"■h* NEPLIN E
      1,030 words
    • 471 25 HEUNG-A SHIPPINI Korean Flag Vessels I SE n'"SP NTAINER,SED DIRECT SERVICE TO: KELAN G. PENANG, BUSAN, INCHON STRAITS/KOREA SERVICF Vessel s Name ETD BS BKK S PORE PKELANG "Gloria 804N 14 04 28/04 01 03«5 04 05/05 M EnterpriseJo6N 26/04 0705 10-12/05 13 14/05 No 9 Donam 803N JO 04
      471 words
    • 855 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOVBUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office *****41/2 penanc Address S'NSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** MESSRS HAI THONG SHIPPING 127 Penang Street Penang. Malaga imc evert- rn cr^ Cables JAYAPOH PENANG, Tel *****4
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  • Page 26 Advertisements
    • 353 26 Jfc- SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 >30 L.nes> FAX *****39 *****76 TELEX RS ***** A B SSCVIA RS ***** A B SSCAD V£B DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE 1 SOHLAND 3/St E THAELMANN 4/B RUHLAND HU 1/6 [17/6 |27/6 |27/6 [29/6 30/6 •VIA COLOMBO
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  • Page 26 Miscellaneous
    • 187 26 1 Regional Weather 2V 4 N »T^ OY ft l '> t E m K 9 W r ft S <«. 9 'A. a BS m -llC: SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. 'C o w Wind direction with speed in knots Wove height LEGEND R
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  • Page 27 Advertisements
    • 699 27 \\CSPV CSP SHIPPING AGENCIES PTE. LTI Tel: *****66 (16 Lines) Fa* *****15 FIXED CONSOLIDATION SERVICE FfiTLCL TO: CHINA, HONG KONG, BANGKOK, P.KELANG, KEELUNG, KAOSHIUNG, MANILA, BUSAN, TOKYO/YOKOHAMA KOBE, OSAKA, FELIXSTOWE, HAMBORG ALL EUROPE BASE PORTS ALL USA PORTS Also accepts to other destination ACCEPTING FCL/LCL AND CONVENTIONAL: VESSEL MV Tobona
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    • 166 27 0. I UIT WAREHOUSING TRANSPORTATION Weekly consol at our CFS to Far East: Bangkok, Hongkong, Keelung, Kaoshiung, Manila Australia: Sydney, Melbourne, Brisbane, Fremantle USA: Los Angetes, San Francisco, New York, Oakland WAPEHOUSING A TRANSPORTATION PTE LTD 44 Benoi Road Singapore 2262 Tel: *****60, *****24 Tlx: RS ***** Fax: *****97 <crs>
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    • 903 27 .sajya EJ AT CONVENTIONAL WHARVES KEPPEL WHARVES An li Banglar Momata Hoifeng Jenson Kmoli Kutoi Kyowo Breeze like Venture Southern Glory Straits Venture Trode Foir Tianshui Apfil Glory Equator V Johneverett Tronj Hov PASIR PANJANG Congio Flamboyant Honlim Merchant Horizon Stor Isobelo Pioneer Elegont Tri An Niaga 21 Niaga 22
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    • 269 27 UNIPACIFIC TRANSTRADING AGENCY PTE. LTD. mtjjjj—Jl m nf—■ Algerian National Line FAR EAST/ MEDITERRANEAN SFRVICF S PORE LOADING FOR MV KSAR ETTIR is/5 alger. oran. MV KSAR CHELLALA 20,5 ZToZ" ANNABA. TUNIS ALL VESSELS ACCEPTING FCL CONTAINERS FOR JAPANESE PORTS Heavy Lift 100 tons available On Inducement can call Indonesia
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  • Page 28 Advertisements
    • 581 28 m FINE-LINER SHIPPING gji PTE LTD 70 Shenton Wiy 04 0?C Virini House S pore 0?07 TFL *****77 (8 Lines) TLX RS ??M1 FLINER TAX ??S?B% EUROPE SERVICE inil' Tr-ah.ir.,.. irrmrrrrn, i;mr t» L's I* 5 w T N I OA |lM |lM 11M 2M FAR EAST SERVICE I Jrt
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    • 487 28 ZIM FULL CONTAINER SERVICE accepting FCL/LCL cargoes to USA East I West Coast Carribbcjn.East Cimdi, HAITI. Costa Ricj. El Salvador Guatemala Hondurat Peru Ecuador Womb., ru EL. Tr, ns* Luci J Montserrat Guayana via Kingston am 'Jimsiztititi •J IJ: "HI W-w WW AUSTRALIA CONTAINER SERVICE ACCEPTING CARGO TO AOEIAiDE YIA
      487 words
    • 596 28 Everett Lines 53 CPV THROUGH BILL OF LADING TOfINAL DESTINATION Penang* P Kelanf* Singapore iOHNEVERETT MURRAYEVERETT THOMASEVERETT Singapore Gdn K2l/2I Apr' 19/20 May I EVERETT ORIENT LINE' IT~ JAPAN/BAY OF BENGAL/JAPAN SERVICE M LOADING FOR YOKOHAMA, KOBE, NAGOYA, MOJI, TOKYO* J AND OTHER JAPAN PORTS* ALSO ACCEPTING CARGOES TO PUSAN*
      596 words

  • Page 29 Advertisements
    • 425 29 INTERCONTINENTAL LINE General/Marketing Agents; SEABRIDGE TRANSPORT SINGAPORE MALAYSIA (A member of the JEURO GROUP of COMPANIES, Japan) Singapore *****11 Tlx R*****1 SEAAIR Fax *****50 Warehouse at PSA Multistorey Complex *****08 Malaysia *****33 Tlx: MA***** Fax *****68 waam mu JfEEKLY FROM Singapore Port Kelang Penang OK/EUROPE: FAR EAST Mnited Kingdom Bangkok,
      425 words
    • 545 29 LCL/FCL SERVICE A VESSEL SINGAPORE NOUMEA 21/5/88 ui£fl^HHfllE9Hßi39| A VESSEL SINGAPORE 30/4 Also accepting cargo to KEELUNO, KAOHSIUNO, HONG KONQ. P. KELANQ, BUSAN 1 JAPAN E. MALAYSIA BRUNEI PORTS ,T .I I.MUV" 'J TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST ti&KU LUCKY SEAWAY SERVICES PTE LTD Tlx: ***** Far
      545 words
    • 603 29 GLORY NAVIGATION GROUP BEGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* GLORY SCLATAN V V K GLORY SCLATAN VI V 77 GLORY SCLATAN VII GLORY SCLATAN IX SP PKL PN BLW KA( SW 6/4 std ay« Sid 24/4 30/4 BANJARMASIN 6/5 6 VESSELS
      603 words
    • 419 29 PTC CONTAINER LINES FCL/LCI SERVICE PTC GfJOUP lIKII <M' U U riJ'l V|i SYD/MELB/ADEL/FREM AUCKLAND/WELLINGTON S C/CJ CARGO IN CONTAINER CO LTD FULLY CONTAINERISED/RO-RO VESSEL S|N AF6HANISTAN 30/4 HAIRATAN/KABUL/TOURGHUNDI WORLD FREIGHT SERVICES LTD International NVOCC Container Liner Weekly Service To and From U.K. (Accepting cargoes for all inland destinations in
      419 words

  • Page 30 Advertisements
    • 453 30 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** ft. I \SI I K\ \K INI K III) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS Yokohama 16/5 Nagoya Osaka 13/5 Senboku Moji •Subject to cargo inducement NOTE ALSO CALLING OTHER JAPANESE PORTS,
      453 words
    • 746 30 cgm: FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES For Halifax. Montreal Toronto, New York Baltimore, Portsmouth, Norfolk, Savannah Nr Houston/Keiieo Vera Cria. ■mico City/FRENCH W Indies Port De France, Pointre A. Pitre Dograd D Cannes To COLUMBUS LINE REEDEREI GMBH (A SERVICE
      746 words
    • 441 30 /M TO EUROPE FEEDER CALL US ATr P. KELANG PENANG J. BAHRU A P. GUDANG SINGAPORE a K. LUMPUR *****53/*****11 •04-*****2/4. *****3 •07-*****8 •07-*****3, *****5, *****0. *****1 •02-*****22 *****88 jjj^^^^^^^^^^ST/EUROP^CONTAINERSERVICE SINGAPORE LEHARVE UK OTHER DCSTINATIONS AARHUS. AMSTERDAM. ANTWERP BASLE BRFMFN BREMERHAVEN COPENHAGEN HELSINKI. MALMO. OSLO. STOCKHOLM. UK. FROM EUROPE P
      441 words