The Business Times, 17 May 1988
1988-05-17
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The Business Times
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Title Section11 1988-05-17 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, MAY 17, 1988 75 CENTS11 words
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Article268 1988-05-17 1 AP Dow Jones higher WALL STREET STOCKS opened slightly higher yesterday morning in light trading, helped by some optimism that US interest rates have peaked for the immediate future. The Dow Jones Average rose nearly seven points in the first half hour, but the gain had shrunkAP - 268 words
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Article, Illustration179 1988-05-17 1 A FIRMER closing on Wall Street last week led to higher prices in regional stock markets yesterday. Trading was quiet in Singapore ahead of today s public holiday. The Straits Times Industrial Index edged up 0.48 point to 970.66, while the BT179 words
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Article162 1988-05-17 1 THE POUND opened at a 22month high against the German mark in London yesterday on strong buying support. It opened at 3.1825 marks, against Friday's close of 3.1805. Dealers said its rise was aided by perceptions of official disagreement over British exchange rate policy. The162 words
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311 1988-05-17 1 DEXTER LEE - By DEXTER LEE SINGAPORE'S gold bullion market was given a boost yesterday, when the London Bullion Market Association announced that Degussa (Pte) Ltd had been placed on the association's list of "Acceptable Melters and Assayers". With this recognition, Degussa can now produce 400311 words
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Article, Illustration629 1988-05-17 1 JEFFREY TSANG - Semi-detached houses a distant By JEFFREY TSANG BUNGALOWS are leading the recovery in the private residential property market. By the end of last year's third quarter, the National Development Ministry's property price index (PPI) for bungalows reached a record high of 132 points. This was revealedSource: Construction & Real Estate Statistics Quartely - 629 words
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143 1988-05-17 1 AFP PLANS FOR a ship to accommodate business offices have been unveiled to solve a shortage of office space in Tokyo caused by skyrocketing real estate prices, a newspaper said yesterday. The project calls for the construction of a 35.000-ton vessel to beAFP - 143 words
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341 1988-05-17 1 TONG SUIT CHEE - By TONG SUIT CHEE AN EARLIER TREND which seemed to suggest that private developers were becoming a bigger force in the construction industry has proved short-lived. Figures for the first three months of this year sho*pd again that most of the construction contracts341 words
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Page 1 Advertisements
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Advertisement83 1988-05-17 1 Mikon The World s Finest Photographic System Full report, Page 12 Regional Markets, Page 11 A fpjjoTl B*LL POUT PENS i V > 1 WRITE TRACI IT GOES A LONG\ LONG WAY Extra tough, extra smooth M tungsten carbide ball Wk Continuous smudge-free m writing all the way 9 Co83 words
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Advertisement376 1988-05-17 1 A less effective OECD THE ORGANISATION for Economic Cooperation and Development is handicapped in a number of ways these days. Because absent from OECD deliberations and looming on the horizon as trade competitors are new key players. These include the Asian newly industrialising countries of Singapore, Hongkong, South Korea and376 words
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Advertisement299 1988-05-17 1 Nikon The World s Finest Photographic Sysf^m Four Cards FOR THE PRICE Of One <x> Hongkongßank <X> Hongkongßank J hen you apply for either a Hongkongßank Visa V card or MasterCard, you get the other card FREE. And you may apply for a supplementary Visa card and MasterCard for one299 words
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HOME NEWS
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282 1988-05-17 2 TAN KEE WEE - By TAN KEE WEE A JAPANESE manufacturer of bank vault doors and safe deposit boxes. Kumahira Safe Company, is investing $9 million worth of plant equipment in Singapore. This was disclosed yesterday by the company's president, Hajime Kumahira. Managing director Eiji Moriya said that282 words
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340 1988-05-17 2 BOEY KIT YIN - By BOEY KIT YIN AN AGGRESSIVE marketing programme has been mapped out by the Trade Development Board to help local companies offering industrial products and subcontracting services break into the tight Japanese market. At the same time, it is seeking help and340 words
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172 1988-05-17 2 IT IS NOT OFTEN that one comes across a meeting of theoretical and practical minds. "It is indeed invaluable and of far-reaching consequence," said Dr Richard Hu, the Minister of Finance, in an address to the Fifth Pan-Pacific Conference on Business Economic Technological Exchange yesterday.172 words
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227 1988-05-17 2 DEFAMATORY STATEMENTS made during the 1964 election campaign have cost Seow Khee Leng, secretary-general of the Singapore United Front, more than half a million dollars. Seow was yesterday ordered by the High Court to pay $250,000 in damages to Prime Minister Lee227 words
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Article56 1988-05-17 2 PHILIPPINE FOOD is being promoted by an 11-member trade mission now in town. The Philippine mission arrives today and will be leaving on Thursday. It will be holding a product display and food tasting event at the Pavilion InterContinental Hotel tomorrow. It will also hold meetings with the56 words
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Article18 1988-05-17 2 MALTA and Singapore have agreed to establish diplomatic relations at ambassadorial level with effect from yesterday.18 words
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Article60 1988-05-17 2 IN OUR REPORT yesterday headlined Hong Leong Finance {•cords higher, pre-tax profit, all the figures should have been in S$ and not M$ as stated. Hong Leong Finance's group anHax profit should therefofti'J? be 5527.21 million for the y*|7vnded Dec 31, 1987. All thTfrther figures should also60 words
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183 1988-05-17 2 SINGAPORE'S tenth Qolf club, offering recreational facilities in the Jurong industrial area, has received a resounding vote of support from business executives. The Raffles Country Club received about 4,600 applications for the 1,000 memberships on offer and the club's general committee has decided to183 words
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316 1988-05-17 2 IN A MOVE to provide more opportunities for workers to acquire new skills, the Vocational and Industrial Training 'Board (VITB) will extend the Modular Skills Training (MOST) scheme to cover more courses. The MOST scheme was introduced in 1986 to help workers to316 words
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103 1988-05-17 2 A SEMINAR on manpower deployment will be held to examine alternatives for the labour shortage problem in Singapore. The theme of the one-day seminar is "Employee Recruitment and Retention". About 80 representatives from the retail trade, hotels, banks and manufacturing companies are expected to attend.103 words
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Page 2 Advertisements
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Advertisement159 1988-05-17 2 QIOVANNI'S BUFFET ITALIAN STYLE. UNFORQETTABLE! Qiovanni does it every day of the week! An unforgettable Italian-style lunch in the afternoon. It consists of a special Antipasto Buffet, unlimited Oyster and Salad Bar, Soup, Cheese and Dessert Buffet, Six main courses and different carvings from the trolley everyday. And all for159 words
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Page 2 Miscellaneous
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Miscellaneous1390 1988-05-17 2 Singapore ••port for 24 hewn prior •o 7.30pt0 on May 16 at Boirvt Mgrodo RttoydtTiNii Now D«M Now York IHo 'Jonotro Romo San Frta'oe San Juan Sontiogo So© Pawto Seoul Sydnoy Taipai To) Aviv Tokyo Toronto Vancouvor Vlonna Wonow o*HnyTon U)€1L JuOELL TOADY "THOMPSON >4e FlR^'S »jh<e IT, vouyiE, 'He:1,390 words
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ASIA-PACIFIC
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427 1988-05-17 3 AFP THE UNITED STATES should remove its military bases in the Philippines if it cannot pay higher rent for the facilities. Foreign Secretary Raul Manglapus said in Manila yesterday. He also told a news conference that Manila wasAFP - 427 words
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Article, Illustration240 1988-05-17 3 Reuter ARGENTINE President Raul Alfonsin met Chinese leader Deng Xiaoping on Sunday anfj said later the two countries were ready to sign major agreements which would help cut Beijing's big trade deficit with Buenos Aires. Mr Alfonsin said he discussed China's reform policies andReuter - 240 words
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219 1988-05-17 3 Reuter STRIKES at several car parts suppliers threaten to halt production at South Korea's three big vehicle makers. The stoppages could affect exports by Daewoo Motor Co Ltd, Hyundai Motor Co Ltd and Kia Motor Corp Ltd, a ministry official said. Workers demandingReuter - 219 words
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Article101 1988-05-17 3 AFP THE Pacific Economic Cooperation Conference (PECC) is to hold its sixth general meeting in Osaka tomorrow to discuss ways to enhance economic ties among member nations. PECC organisers in Tokyo said yesterday that for the first time, the Soviet Union will send a delegation of observersAFP - 101 words
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427 1988-05-17 3 AFP CHINESE BUSINESS officials stationed in Hongkong are enjoying a capitalist life-style that could raise a few eyebrows among the Communist leadership in Beijing, businessmen in the British colony said. Tsui Sze-man, a Hongkong delegate to a Chinese state advisory body, theAFP - 427 words
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Article, Illustration544 1988-05-17 3 Country heavily dependent on Moscow AFP AS SOVIET troops begin pulling out of Afghanistan on Sunday, they leave behind a moribund economy which in nearly a decade of war has been almost totally dependent on Moscow, according to analysts. AfghanistanAFP - 544 words
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189 1988-05-17 3 Reuter CHINA yesterday welcomed first moves by Soviet forces in Afghanistan to return home but at the same time pressed Moscow to stop supporting Vietnam's occupation of Kampuchea. "With the Soviet withdrawal from Afghanistan, the international community will logically focus its attention onReuter - 189 words
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Page 3 Advertisements
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Advertisement51 1988-05-17 3 GIVENCHY GENTLEMAN PARIS zIYFNi 7H\ 3 ->y V K v "m SINGAPORE: GIVENCHY BOUTIQUE: #01-10 MANDARIN SHOPPING ARCADE, MANDARIN HOTEL, ORCHARD ROAD, SINGAPORE 0923. TEL: *****48. CORNERS: METRO GRAND AT LUCKY PLAZA, METRO ORCHARD, METRO MARINA SQUARE. SINGAPORE DAIMARU, GALERIES LAFAYETTE. KUALA LUMPUR: CORNER: METROJAYA AT BUKIT BINTANG PLAZA. Jill—51 words
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Page 4 Advertisements
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Advertisement360 1988-05-17 4 As corporations have expanded their operations globally, the greater the range and complexity of their financial needs have become. So much so that only a handful of financial institutions can now offer anything like the full range of services that are required. Global finance is moving in Fewer still are360 words
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REST OF THE WORLD
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402 1988-05-17 5 NYT THE SOVIET UNION gets high marks as a trading partner, in a survey of US companies that do business with that country. Although the companies said selling to the Soviets requires a greater marketing effort than with other customers, more thanNYT - 402 words
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354 1988-05-17 5 Reuter PRESIDENT RONALD REAGAN will list a number of objections when he issues his long-threat-ened veto of the trade bill recently passed by Congress, US Treasury Secretary James Baker said in Washington on Sunday. In a television interview, Mr Baker also voicedReuter - 354 words
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Article1028 1988-05-17 5 ARRIVALS Operator Service Local From number time GU GA892 0015 CGK SIA SQ1I 0040 LAX/NRT UA UA805 0045 SFO/HKG CAL CI 341 0155 TPE NCA KZ205 0215 NRT UL UL455 0255 NRT FT FT75 0256 ATL/DFW/ORD ANC/NRT JAL JL617 0340 TYO CAL CI333 0405 TPE MAS MH6031,028 words
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217 1988-05-17 5 NYT THE GATHERING of steel company executives in Washington today for the annual conference of the American Iron and Steel Institute promises to serve as the beginning of an intensive lobbying effort to extend import protection measures. Steel import quotas, which are designedNYT - 217 words
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214 1988-05-17 5 Reuter FRONT-RUNNING Democratic presidential candidate Michael Dukakis met face to face on Sunday his rival. Rev Jesse Jackson, who criticised the Massachusetts governor last week for being too bland. The two talked for about half an hour in a room at Seton HallReuter - 214 words
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100 1988-05-17 5 Reuter US HOUSE of Representatives Speaker Jim Wright said on Sunday he hoped Democratic presidential front-runner Michael Dukakis would choose Texas Senator Lloyd Bentsen as his running mate. Mr Wright, a congressman from Texas, was asked in a television interview if he hoped MrReuter - 100 words
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123 1988-05-17 5 Reuter THE British government does not expect to issue a joint public statement on a perceived rift between Chancellor of the Exchequer Nigel Lawson and Prime Minister Margaret Thatcher over exchange rate policy, officials said. "As far as we are concerned, there is noReuter - 123 words
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Article128 1988-05-17 5 Reuter YUGOSLAVIA got a new state President, 61-year-old former vice-president and foreign minister Raif Dizdarevic, on Sunday under the country's system of annual rotation of the post. Stane Dolanc, 63. who fought with Josip Broz Tito's partisans in World War Two and became a close aideReuter - 128 words
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146 1988-05-17 5 AFP WORLD ECONOMIC GROWTH is expected to slow down within the next six to 12 months, despite the current good economic climate, according to a study released in Munich on Sunday by IFO, the West German economic forecasting institute. Some 350 topAFP - 146 words
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512 1988-05-17 5 Reuter INDUSTRIALISED NATIONS, increasingly concerned about global economic imbalances, are meeting in Paris this week to try and prevent a sharp slowdown in world growth. Finance and economy ministers of the Organisation for Economic Cooperation and Development will spend two days discussing macro-economic strategies,Reuter - 512 words
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Page 5 Advertisements
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Advertisement63 1988-05-17 5 fI U \l I r I If Th e business person's choice, every I I II 111 I Tuesday. Thursday. Saturday and I 1 1 II \l II I Sunday. Leaving Changi Airport at I V_y I 1 JL 22:05 hours and arriving at Lester B Pfearson International Airport the63 words
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Advertisement72 1988-05-17 5 Avoiding the main matters, Page 8 Los Angeles 14 times a week. Korean Air now flies non-stop to L. A. from Seoul ten times a week. And four direct flights via Tokyo and Honolulu. No matter how often you fly there, it's nice to know you're flying with people who72 words
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Page 5 Miscellaneous
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Miscellaneous35 1988-05-17 5 Doonesbury irkM&sup poseviDße ASUKPt&e. FOR OUR ASNVBRSARy. ii m s 2? I THBMtUHV IU&VfSP&ATb, IBLLMB B&yUJSe OF fUHAT IN FRONT MS6ON6ONBBOFMARK* 73MS6V YOUANPNI- coca BY GARRY TRUDEAU HOW PI D VOUKNOtUT I DIDNT. NOUJIVO. ST35 words
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MONEY AND EXCHANGES
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Article257 1988-05-17 6 ASIAN DOLLAR deposit rates closed little changed at opening levels in quiet trading with operators unwilling to take fresh positions ahead of the Hari Raya Puasa holiday, dealers said yesterday. They said the market is also awaiting the release of some US economic data, including today's March257 words
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Article57 1988-05-17 6 THE OVERNIGHT rate on the Singapore interbank market fell %-point to 3% per cent yesterday. The one month rose 1/16. r S$ Interbank rates at 12 noon yesterday: OfFf* uo Ovtrnight 3 3/8 3 1/4 1 -month 3 9/16 3 7/16 2-month 3 9/16 3 7/16 3-month 357 words
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Article85 1988-05-17 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 moirttw BQ*****T 11.8.88 3.45 3.40 3.44 3.34 6 months BY*****H 22.9.88 3.55 3.50 3.52 3.52 1 y»ar BY*****Z 23.3.89 3.63 3.58 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code85 words
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Article, Illustration196 1988-05-17 6 Indicates the average of the prime lending rates of 12 ma|or banks In S'pore Interbank market rates (offer/bid) on May 16 7 doyt 1 mftt 3 ifMh 6 mffc 13 ffifto US$ 7 3/14—1/16 7IJ/I6—I3/I6 7 1/4—1/8 7 15/16—13/16 7 3/8 1/4 8 1/8 8 7 5/8196 words
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Article1619 1988-05-17 6 SINGAPORE: The US dollar closed slightly higher in quiet trading yesterday ahead of today's release of US March trade figures, dealers said. "Attention is focused on cross trading in sterling/yen, mark/yen and sterling/mark including the unwinding of long yen/short mark cross positions," a dealer said. There was active1,619 words
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Article171 1988-05-17 6 Gold futures on May 13 100 troy ounces. USS per troy ounce Opon High Low SoMo Moy 450.70 450.70 450.70 453.30 0.30 Jwn 433.00 454.30 450.80 453.70 +0.40 M 453.90 0.30 Aug 438.00 458 50 454 50 457JO +ato Oct 462.40 463.00 459.40 462.50 -0.10 Ok 468.00171 words
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Article423 1988-05-17 6 EURODOLLAR futures opened higher yesterday from the previous close. The June contract was traded between 92.45 and 92.48 before settling 6 ticks higher at 92.46. Currency futures opened lower than Friday's close on higher US stocks and bonds prices. June D-mark was traded from the low of 5943 to423 words
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Article283 1988-05-17 6 Reuter IMM CURRENCY futures finished a slow day on Friday mostly lower. Traders found little fresh direction from the 0.4 per cent gain in US April producer prices, although the 0.1 per cent rise in the index minus food and energy aided US stock and bond markets. Wariness persistedReuter - 283 words
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Article1515 1988-05-17 6 CURRENCY FUTURES OPTIONS Monday, May 16, 1988 DCUTSCHEMARK (SIMEX) Mm Htgft 88 cm Lorn Ml Hlfh Mm 88 putt LM tea 54 CAS 55 CAS 54 CAS 58 155A 150 1 59 74A 70 231 25 60 26 24 26 728 75 61 8A 7 1548 159 62 2A1,515 words
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Page 6 Advertisements
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Advertisement9 1988-05-17 6 IB BANQUEINDOSUEZ 3 Shenton Way, Shenton House. Singapore 01069 words
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BANKING AND FINANCE
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694 1988-05-17 7 Reuter THE US CREDIT markets could receive more news of strength in the economy this week, stemming the brief rally at the end of last week's quarterly Treasury refunding, economists said. Towering over all reports this week will be the March US trade deficit,Reuter - 694 words
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888 1988-05-17 7 NYT THE CHAIRMAN of the Federal Deposit Insurance Corp has bepn warning the US banking and savings industries that if the long-term problems of the insolvent savings and loan insurance fund are not resolved soon, the next president might come upNYT - 888 words
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120 1988-05-17 7 Reuter AUSTRALIA and New Zealand Banking Group Ltd is confident about the group's continued profit growth in the year ending Sep 30 after posting a 32 5 per cent rise in interim profit. ANZ lifted net profit to A 5230.24 million in the half-year endedReuter - 120 words
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Article82 1988-05-17 7 THE Oversea-Chinese Banking Corporation will raise its oneyear fixed deposit rate by a quarter of one percentage point to 3.25 per cent tomorrow. Its other interest rates will remain the same. The move by tha local banking giant follows the recent rise in interest rates in the US,82 words
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524 1988-05-17 7 AP THE AMERICAN Federal Reserve. which raised interest rates up a notch last week, is standing ready to tighten further if inflation shows signs of getting out of control, economists believe. The credit tightening by the nation s central bank has already promptedAP - 524 words
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Article, Illustration235 1988-05-17 7 Reuter NEWLY-APPOINTED French Finance Minister Pierre Beregovoy intends to abolish the few foreign exchange controls remaining in force. He told a panel of television journalists on Sunday that he intended to couple the move with an economic policy aimed at securing aReuter - 235 words
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COMMODITIES
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486 1988-05-17 7 Bernama MALAYSIA'S crude palm oil production last month rose 9.81 per cent to an estimated 372,800 tonnes, with Peninsular Malaysia accounting for 334,000 tonnes, up 7.02 per cent while that of Sabah and Sarawak rose 41.54 per cent to 38,800 tonnes. The MalaysianBernama - 486 words
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117 1988-05-17 7 Reuter WORLD OIL PRICES may not strengthen as fast as many think in the next decade and could remain low and unstable until the mid--*****, the managing director of the Royal Dutch Shell Group said. Speaking to an oil and gas symposium sponsored byReuter - 117 words
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Article237 1988-05-17 7 Reuter FIVE COMPANIES conducting exploration and gold mining in Indonesia will start production this year. Director General for Mining Sutaryo Sigit has said Mr Sigit said that three of the companies would produce 2.5 tonnes of gold while the other two had submitted feasibility studiesReuter - 237 words
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Article104 1988-05-17 7 CRUDE and product prices moved modestly after the Iraqi attack on an Iranian loading terminal. The rise was as limited as the damage to Iran's ability to export its crude. Closing prices for crude (FOB origin) USS/barrol Otang* Topis (Mar) 17 00 Midi Mioot (May) 16 28104 words
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Article368 1988-05-17 7 HONGKONG: The metal closed higher in active trading yesterday, mainly on buying by local and Mideast investors in the afternoon session, dealers said. Gold ended at U*****.60/454.00 an ounce against an initial $452.10/60 and compared with Saturday's close here of $451.40/90. On the local market, gold rose $19368 words
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Article90 1988-05-17 7 Reuter TOKYO All rubber futures yesterday closed the five yen per kg daily limit up on heavy buying by all sectors, except for unrestricted spot May. which gained 6.3. Strong industry demand, especially from the Far East, pushed prices higher from the opening sessions, dealers said. Individual speculators activelyReuter - 90 words
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Article202 1988-05-17 7 Chinese Produce Exchange Sellers' noon doting prices on May 16 (SS/100 kg) Coconut oil Bulk FOB 107.00 Otd drum FOB 117.00 New drum FOB 121.00 Copra Mixed (loose) 62 teller Pepper A in. t _nli "wiiw* wniTt FOB NIW 1130.00 Sarawak whit* FOB foq NLW 1115.00 Sarawak special202 words
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Article188 1988-05-17 7 Reuter THE Kuala Lumpur Tin Market closed unchanged yesterday at M 517.43 a kg in fairly moderate trading ahead of the Harl Raya holiday, dealers said. Week-end accumulation and some pre-holiday sales saw turnover rise to 100 tonnes from 91 on Friday. Both sellers and buyers deckled toReuter - 188 words
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Article244 1988-05-17 7 Reuter Malaysian crude palm oil futures closed higher yesterday. July was up $12 at M 5932, June nine at 950 and August six at 922. Turnover was 490 lots, against Friday's 690 The market is now closed and will reopen on May 20 Crude palm oil prices closedReuter - 244 words
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PERSPECTIVE
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Article577 1988-05-17 8 MUSLIMS the world over will be celebrating Harl Raya Aidilfitri, or Hari Raya Puasa as it is more commonly known here. They celebrate the end of a month which is regarded as possibly the holiest on the Islamic calendar. During Ramadan, Muslims not only abstain from577 words
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Article, Illustration1287 1988-05-17 8 CARL GEWIRTZ - As a venue for economic policy debate, the Organisation for Economic Cooperation and Development is handicapped because some of the key players Asian dragons Singapore, Hongkong, South Korea and Taiwan are absent. CARL GEWIRTZ discusses the issues coming up at tomorrow's OECD meeting. CARL GEWIRTZ IHTIHT - 1,287 words
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REGIONAL VIEWPOINTS
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Article258 1988-05-17 8 Our weekly summary of what other publications have to say about issues of regional interest, THE PHILIPPINES "THE BASIC IDEA behind the so-called "mini-Marshall Plan" for the Philippines is now taking shape in Tokyo and Washington. The goal is to help secure Philippine democracy by bolstering the258 words
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Article205 1988-05-17 8 MALAYSIA "IRAN HAS announced the lifting of a long-standing ban on the import and use of palm oil for edible purposes. This has been achieved after more than a decade of persistent efforts and overtures by the Malaysian government and its agencies. Several trade and technical205 words
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Article181 1988-05-17 8 "THE RESURGENCE in the manufacturing sector, the dramatic turnaround in commodity prices, and the return of both business and investor confidence have contributed to the robust performance of the economy in 1987. These positive factors are still at work, creating an even more optimistic outlook for 1988181 words
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Article145 1988-05-17 8 INDONESIA "IT CAN be inferred from various official pronouncements regarding the new move that the next wave of deregulation steps will aim at further improving the efficiency in the mobilisation of private savings through the banking industry and the money and capital markets. Businessmen have long been complaining145 words
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Article211 1988-05-17 8 "AS OF June 1988, Indonesian law will firmly deal with persons who engage in acts of piracy against sound recordings produced by the European Community (EC) artistes. Two weeks ago, Indonesia signed an agreement to that effect with the EC in what many observers here see as211 words
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Article235 1988-05-17 8 HONGKONG "SEVERAL private-sector organisations in Hongkong have taken the initiative by sponsoring a Stanford Research Institute (SRI) study into the so-called "brain drain" problem and other difficulties facing the territory. The $3 million study by one of the world's best known research firms may provide some235 words
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Article136 1988-05-17 8 THAILAND "THE GOVERNMENT has often said it wants to see "good and capable people" run for election in order to promote democracy. But the recent announcement by the interior ministry that it will reserve the rank and position of police officers and other government officials who resign136 words
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Article200 1988-05-17 8 "ECONOMICALLY, the EC is Asean s third largest trading partner, at US$2O billion per year, and the second largest provider of aid, at US$6l6 million in 1986. Of great importance is the fact that the trade is not a lopsided exchange in which Europe takes Aseans agricultural200 words
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Article195 1988-05-17 8 "IT IS SAD but true that many wealthy and influential personalities are successful in politics even though they have done little for the common good. They have the money and experienced personnel to ensure their victory in an election. Many of them could get elected even in195 words
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Article170 1988-05-17 8 TAIWAN "HAVING GRANTED political asylum to the two hijackers of a passenger airliner over China, authorities in Taiwan must now prosecute them. Instead of being treated as heroes for holding 116 people hostage on the Civil Administration of China (CAAC) jet as it was diverted to Taiwan,170 words
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Page 8 Miscellaneous
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Miscellaneous627 1988-05-17 8 CRYPTIC PUZZLE ACROSS 1 Appeal quietly for a bit of guidance (5) 6 Journeys taken addictively? (5) 9 Whence, in Canada, a chap goes to California (7) 10 Friendship, it seems, is a bit of a calamity (5) 11 New grade, nominally (5) 12 Jack may get this to fold627 words
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SPORTS & LEISURE
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Article, Illustration509 1988-05-17 9 AP DON'T MESS with Bruce Lietzke in play-offs. Clarence Rose did, and he discovered what Gene Littler, Ray Floyd, Tom Watson and Andy Bean already knew. Lietzke is poison when the heat is on. By sinking a 20-foot birdie puttAP - 509 words
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Article237 1988-05-17 9 AP SOUTH AFRICAN-born track star Zola Budd, who returned to her homeland last week after suffering nervous exhaustion and facing a world-wide ban, believed that if she were black, her career never would have attracted so much controversy. According to her Coach, John Bryant, the 21-year-oldAP - 237 words
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Article, Illustration1128 1988-05-17 9 DAVE RAFFO - By DAVE RAFFO UPI AT HIS training camp in the Catskill Mountains in New York state, Michael Spinks plays the role of the obliging underdog. He talks like a man who knows many people expect him to get his brains rattled on June 27 againstUPI - 1,128 words
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385 1988-05-17 9 AP DEFENDING CHAMPION Los Angeles Lakers went into last Sunday's NBA play-off game against the Utah Jazz with renewed respect for its opponent and, in the second half, some concern. The Lakers came out of it with a 113-100 victory,AP - 385 words
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Article, Illustration409 1988-05-17 9 Reuter IVAN LENDL won the Italian Open in Rome last Sunday, but it was a joyless victory, marred for him by the constant distraction of a restless crowd and by his own erratic form. Lendl took almost four and a half hours toReuter - 409 words
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Article, Illustration529 1988-05-17 9 WALTON MORAIS - Top tennis official embarking on fact-finding tour By WALTON MORAIS WHEN he leaves on a sevennation European trip later this month. Tan Poh Seng will be hoping to study how foreign national tennis associations run Open tournaments on a profitmaking basis with a529 words
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155 1988-05-17 9 Reuter SIMON POIDEVIN, Australia's most capped rugby union player, announced his retirement yesterday just days after he was dropped from the Wallabies side and reinstated in controversial circumstances. The flanker told a news conference in Sydney that he would consider touring South Africa later thisReuter - 155 words
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Article, Illustration434 1988-05-17 9 AP ALAIN PROST passed the famous Monte Carlo Casino a number of times last Sunday but didn't gamble or take a chance. The pay-off came later for the Frenchman and the winning numbers were 4, 30 and 430.5. Prost. with the risk-free driving thatAP - 434 words
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Page 9 Miscellaneous
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Miscellaneous76 1988-05-17 9 'V k m v ■< SLICE SHOTS ARE OFTEN THE RESULT OF > WR0W6 ALIGNMENT OF THE UPPER EODY THE SHOULDERS SHOULD EE SQUARE' c TO THE TARGET... J ...HAVE THE > FEELING OF LOOKING OVER YOUR LEFT SHOULDER l WHEN YOU AIM AT THE V TARGET way &JL ay76 words
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INTERNATIONAL COMPANY NEWS
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454 1988-05-17 10 NYT NEIL M SHAW, chairman of Tate Lyle PLC, the large British sugar refiner that successfully reached an agreement last Friday to buy Staley Continental Inc. said he intends to begin talks quickly to sell Staley's food services division,NYT - 454 words
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Article108 1988-05-17 10 AP UNITEO Rubber Workers union members at Firestone Inc plants and offices in six American states went on strike on Sunday after negotiators failed to reach a tentative agreement on a contract settlement. URW president Milan Stone said: "They did not meet the pattern settlementAP - 108 words
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198 1988-05-17 10 UPI A GROUP of 16 foreign and six Japanese firms received certificates yesterday to do brokerage business on the Tokyo Stock Exchange, starting next week. The new foreign members include six American, four British brokerage houses and two each from Switzerland, FranceUPI - 198 words
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Article121 1988-05-17 10 HONGKONG Hongkong Index Monday '.477 21 Friday 1.673 45 Week 090 1.708 58 All Industrials Monday 2.309 9 Friday 2.2735 Week ago 2.2652 Hong Seng Index Monday 2.***** Friday 2.532*3 Week ogo 2.564 03 NEW YORK Dow Jones Friday 1.990 55 Thursday 1.***** Week ogo 2.007 46 TOKYO121 words
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Page 10 Advertisements
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Advertisement1030 1988-05-17 10 4 cou Ryoisi ER XO-Whore to eat, drink... Royal Holiday Inn Singapore will be scoring a first in the local hotel industry when it holds weekend sunset dinner buffet prepared by muslim chefs, during the Muslim fasting month. Join us in the observance of Ramadan and the celebration of Hari1,030 words
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Advertisement135 1988-05-17 10 Fmich connection The culinary favourites of France are yours to enjoy from May 1 31. With Fines de Claires, Canard a I'Orange, Quiche Lorraine, Escargot au champignons, Coq au vin rouge, Crepes Suzette and more! Make the French connection for just ora^ j tsand (gfcgfoittt&K $15* for children. wTL, PrtCKs135 words
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REGIONAL MARKETS
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2470 1988-05-17 11 SHARE PRICES closed marginally higher on light buying interest on the Kuala Lumpur stock market yesterday. Trading volume, however. remained thin. Brokers said dabblers displayed confidence although the buying was selective. A broker said most of the players were still the "man-in-the-street" as institutional investors2,470 words
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Article1427 1988-05-17 11 Hongkong HONGKONG share prices closed marginally higher yesterday but off the day's highs due to a lack of new incentives, brokers said. The Hang Seng Index ended a quiet day six points higher at 2,538.02 while the broader based Hong Kong Index rose 3.76 points to 1.877.21.1,427 words
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Article77 1988-05-17 11 Bernama HONGKONG-BASED Hutchison Whampoa Ltd and China's Qingdao soft drinks plant have formed a joint venture to produce mineral water, the official China news service said. Hutchison unit Hutchison China Trade Holdings Ltd and its Chinese partner will invest US$4.5 million in a new mineral water plantBernama - 77 words
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Article421 1988-05-17 11 Reuter TOKYO share prices closed at a new high yesterday due to broadly based buying spurred by relief that US interest rates had apparently stabilised and by bullishness on market fundamentals, brokers said. Concern over US March trade figures due out today did not undercut market confidence, they added.Reuter - 421 words
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Article383 1988-05-17 11 THE AUSTRALIAN share market closed on its highs yesterday with solid gains in all sectors as confidence crept back into the market. However, brokers said a lack of sellers kept turnover low. "There were few buyers around chasing an even smaller number of sellers, hence the low turnover," one383 words
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Article154 1988-05-17 11 Reuter THE SECURITIES Exchange of Thailand Index rose 6.52 to 425.51 on a turnover of 4,284,256 shares worth 679.90 million baht. Reuter MAY It BAHT Ao Kham Thai 266 6 Ayudhya Invaatmant 406 *12 Bangkok Agro-lnd 141 Bangkok Bank 333 •♦•4 Bank Of Ayudhya 356 4-4 Charoong Thai WiraReuter - 154 words
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Article198 1988-05-17 11 MAY 16 NT I 48 50 08 Kuochan Da* Laa Chang Yuan 64 50 66 50 2 -05 91 50 81 50 34 109 50 4-6 Nan Ya Pi as 89 50 468 00 89 50 -t-5% Loong Chia Hain Cement 53 50 77 00 24 80 -1.5 3.5198 words
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Article67 1988-05-17 11 MAY 18 pesos 0 044 -0 00* Aco|« Mining Phil Ovarsaaa 0 033 -c oar Anglo PhH Apax Mining B Atlas Con B 0 009 0 035 23 -0 002 unch *05 Picoo B PLOT San Miguel B ISO 185 0 021 -4 -J -1 0 016 -0 00267 words
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Page 11 Advertisements
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Advertisement515 1988-05-17 11 and entertain 4 Vr' I^l vu AJ 0 «::s. Z^ftr -Sc s ,N v Invitingly Indonesian Cate-in-the-Park cordially invites you to dinner during our Indonesian Food Promotion. Our daily Buffet Dinner will put the spice into your lite with offerings of piquant sambals, coconut-rich curries and delectable Indonesian favourites. It's515 words
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Advertisement5 1988-05-17 11 Seoul prices were not available5 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4747 1988-05-17 12 THE SINGAPORE stock market started the holiday-shortened week on a steady and quiet note with the market's leading index, the Straits Times Industrial Index. moving within a narrow margin yesterday. A firmer Wall Street over the weekend and a strong performance in Tokyo yesterday bouyed4,747 words
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Page 12 Advertisements
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Advertisement12 1988-05-17 12 Unit trusts table, Page 13; Business done on the SES, Page 1312 words
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COMPANY NEWS
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158 1988-05-17 13 VIDEO-TAPE manufacturer Electro Magnetic (S) Ltd's shares wilt begin trading tomorrow on the main board of the Stock Exchange of Singapore. Brokers said they do not .expect EMS shares to make a "spectacular debut as the current market sentiment is rather weak. They said the158 words
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416 1988-05-17 13 YEO HIAP SENG (HK) Ltd continued to grow in sales in spite of the reduction of its interest in Hongkong-listed subsidiary Yeo Hiap Seng Enterprises (HK) Ltd last year. The Hongkong soft drink subsidiary made an 84.6 per cent improvement in416 words
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Article, Illustration273 1988-05-17 13 THE LUNCHTIME crowd at Raffles Place had a chance to look up a novel menu yesterday when DBS Securities' new electronic display board flashed 24-hour up-to-date news on the world s major securities markets. During trading hours, items like Tokyo's Nikkei Index, Hongkong's Hang Seng273 words
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252 1988-05-17 13 PROPERTY GROUP Parkway Holdings signed the last tranche of its $165million financing package a $30-million guaranteed floating rate note due 1993 with Citicorp Investment Bank (S) Ltd and NDC Merchant Bank Ltd, the managers. and other participating banks yesterday. Parkway's finance director, Tan Kai252 words
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Article138 1988-05-17 13 h}vw|iNM{)V9^^H WFZ Jopon Gf Fund 163 1 68* S hen ton Thrift Fund 081 081 UOB Management Untfund 0845 0845 Unibond 1 005 103 MARA-Bumiputra First B'putro 592 i 6 07# Second B'putro 537 542 Third B'putro 427 432 Fourth B'putro 470 4 75 Fifth B'putro 256 261138 words
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Article3360 1988-05-17 13 810 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".3,360 words
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Article62 1988-05-17 13 HOTEL NEGARA Limited: 20th AGM at 15 Claymore Drive, Singapore 0922, tomorrow at noon. SINGATRONICS Limited: 9th AGM at Leo Room. Level 1 Marina Mandarin Hotel, 6 Raffles Boulevard, Marina Square, Singapore 0103 tomorrow at 11am. THE GREAT EASTERN LIFE ASSURANCE COMPANY Limited: 80th AGM at 65 Chulia62 words
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444 1988-05-17 13 MBT INNOVEST's negotiations for the regional franchise for Shakey's Pizza have reached a fairly advanced stage. Executive chairman Datuk Mokhzani bin Abdul Rahim said yesterday that market studies had shown that there was a market for pizza. The franchise will cover Malaysia, Singapore,MBT - 444 words
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436 1988-05-17 13 CORRINA LIM - Outlook in the short term is bleak By CORRINA LIM SIR YUE-KONG PAOs Wharf (Holdings) Ltd has explained why it is willing to make a general cash offer to minority shareholders of Hotel Marco Polo (HMP) despite a bleak short-term436 words
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295 1988-05-17 13 RENEWED DEMAND for timber and an upsurge in log prices helped Inchcape Bhd's timber division to report one of the better returns to investments for the diversified services and marketing group. Other major contributors to group profits were the marketing, industrial and agricultural and295 words
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259 1988-05-17 13 MBT JACKS International which reported profits for the year ended Jan 31, 1988 after two straight years of losses expects its performance to improve further in the current year. Disclosing this in his latest annual statement, chairman Tan Kay Hock pointedMBT - 259 words
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109 1988-05-17 13 Bernama ES ARISHAH Sdn Bhd, which recently made a cash offer for Temerloh Rubber Estates Bhd shares other than the 7.43 million shares (48.28 per cent stake) it acquired earlier, attracted acceptances for only another 6,750 shares (0.04 per cent). This did not meetBernama ES - 109 words
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Page 13 Advertisements
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Advertisement288 1988-05-17 13 NOTICES r 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 clients. Maersk Company (Singapore) Pte. Ltd., we have applied to the Director of Marine under Section 386 of the Merchant Shipping Act (Cap. 179)288 words
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Article, Illustration312 1988-05-17 14 WILLIAM CHIA - By WILLIAM CHIA MULTI-RACIAL Singapore cannot afford to have people playing up sensitive issues to win popularity, warned Dr Ahmad Mattar, the Minister-in-Charge of Muslim Affairs, yesterday. Dr Mattar, who is also the Minister for the Environment, said in his Hari Raya Aidilfitri message312 words
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313 1988-05-17 14 Lim Soon Neo - by Lim Soon Neo THE FINANCIAL RESULTS for Singapore Airlines are expected later this month but some traffic figures released by its public affairs department indicate that the airline continued to be a high flyer last year. According to its monthly News Service for313 words
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305 1988-05-17 14 MARTIN SOONG - By MARTIN SOONG HIGH COURT Justice T S Sinnathuray yesterday threw out the Asian Wall Street Journal's case against a government decision last year to restrict the Hongkong-based financial daily's circulation. In a 75-minute judgment, Justice Sinnathuray dismissed, with costs, the Journar s305 words
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Article, Illustration681 1988-05-17 14 ZHOU MEI - Appreciation attributed to rapid domestic real wage growth By ZHOU MEI, Economics Correspondent THERE WAS a 40 per cent appreciation of the Singapore dollar over the period 1980 to 1985 if the unit labour costs were used as the basis681 words
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219 1988-05-17 14 AP CHINA'S central bank has decided that a few foreign banks will be allowed to offer services in the country's non-convertible local currency, the renminbi. The official Xinhua news agency said yesterday that the People's Bank of China would initially name oneAP - 219 words
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357 1988-05-17 14 THE SETBACK experienced by the stock market in 1987 may well have a positive side effect: reducing the risks of overheating for some countries. In the present year and the year to come, the International Monetary Fund (IMF) envisages negative357 words
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206 1988-05-17 14 Reuter AMERICAN Treasury Secretary James Baker said major industrialised countries were very pleased with recent stability in exchange rates and that they had reason to expect it would persist. "We (the major industrialised countries) are all very pleased with the exchange rate stabilityReuter - 206 words
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Article50 1988-05-17 14 AFP WEST Germany's current account surplus fell to 5.2 billion Deutschemarks last February from 6.8 billion marks in February 1967, the Federal Statistical Office said yesterday. The trade surplus dropped to 8.2 billion marks in February from 10.4 billion marks in February 1987, the office added.AFP - 50 words
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Article76 1988-05-17 14 Reuter COMEX GOLD FUTURES were sparked up early yesterday by sympathetic buying from strong platinum but activity slowed after the market was unable to snap through key technical resistance. June gold was ahead US$2.BO at U*****.50 an ounce, stalling under a chart level of U*****.00. Analysts said theReuter - 76 words
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Article79 1988-05-17 14 TWO TEAMS of unionists will be leaving Singapore this month and the next for Britain and China, according to the latest issue of the NTUC newsletter, NTUC News. The first, to be led by Second Deputy Prime Minister and secretary-general of the National Trades Union Congress79 words
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Article400 1988-05-17 14 AP, AFP THAI PRIME MINISTER Prem Tinsulanonda arrived in Moscow last night on a seven-day state visit to the Soviet Union after which he goes on to Finland and Hungary. Before the Thai team left Bangkok yesterday, a top aide said Mr Prem would askAP,; AFP - 400 words
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LATE FILE
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33 1988-05-17 14 Reuter AFGHAN resistance fighters were stepping up military operations yesterday after Soviet troops began withdrawing on Sunday from Afghanistan, rebel and Western diplomatic sources in Pakistan said. ReuterReuter - 33 words
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39 1988-05-17 14 AFP THE HOME SECRETARIES of India and Pakistan concluded three days of talks in New Delhi yesterday which reportedly focused on unauthorised border crossings and Indian allegations of Pakistani aid to Sikh militants, officials said.AFP - 39 words
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Article42 1988-05-17 14 AFP KUWAIT AIRWAYS is planning to resume flights to its Asian destinations next month after suspending them following the April 5 hijack of one of its jumbo jets, a spokesman for the airline said in Bangkok yesterday.AFP - 42 words
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Article47 1988-05-17 14 AFP ABOUT 200 communist guerillas raided a Philippine air force base near Laoag yesterday but were repulsed after a fierce gun battle, military authorities said. There were no immediate reports of casualties after the five-hour firefight at the Paredes Air Base. AFPAFP - 47 words
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Article51 1988-05-17 14 AP HUNDREDS of charging students in Seoul hurled firebombs and rocks at riot police yesterday after a student committed ritual suicide to demand the release of all political prisoners. Fighting erupted after police fired tear gas to stop some 1,200 students from marching into the streets.AP - 51 words
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Article53 1988-05-17 14 Reuter JAPAN will hold bilateral financial talks with Italy in Rome on May 30 and with France in Paris on June 1. A Japanese Finance Ministry official in Tokyo said yesterday that Toyoo Gyohten, Vice-Minister of Finance for International Affairs, would lead the Japanese delegation toReuter - 53 words
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Article49 1988-05-17 14 Reuter AN ACCORD opening formal relations between the European Community and the communist Comecon trade bloc, which have not recognised one another for 30 years, should be ready to be signed this summer, visiting West German Economics Minister Martin Bangemann said in Moscow yesterday.Reuter - 49 words
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Article35 1988-05-17 14 Reuter SAUDI ARABIA has informed its crude oil term customers that its current marketrelated pricing formula arrangements would be extended until the end of July, the Middle East Economic Survey said yesterday.Reuter - 35 words
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Article67 1988-05-17 14 UPI AN INTERNATIONAL consortium led by General Electric Co of the US has won a US$lO4 million order from the Egyptian Electricity Authority to supply power plant and substation equipment on a full turnkey basis. A Japanese partner, Toyo Menka Kaisha, said in Tokyo yesterdayUPI - 67 words
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Page 14 Advertisements
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Advertisement232 1988-05-17 14 [KMSKES7 A special BT supplement THEY'RE NOT LANDING in Viking ships these days fortunately, but from the far north nonetheless come business warriors and investors, with growing trade ties and shared interests with tropical Singapore. Tomorrow with Business Times Norway, a special 8-page supplement on the country's economy and its232 words
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Advertisement174 1988-05-17 14 Sn Pag* 3 Avoiding tha main matters, Paga Reagan to giva reasons for veto, Page 5 The silver report was not available at prsss time Keep yourself constantly informed of the latest developments in Japan's Steel industry by regularly subscribing to JAPAN STEEL JOURNAL, the one and only English daily174 words
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SHIPPING TIMES
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Article, Illustration286 1988-05-17 15 G DURAIRAJ - By G DURAIRAJ PORT KLANG Authority has removed the ceiling on the tonnage bonus earned by stevedores in an attempt to increase productivity in general cargo handling. The revised incentive bonus scheme is expected to boost productivity in the handling of heavy goods like steel, unitised286 words
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301 1988-05-17 15 Seatrade Week A STUDY commissioned by the Port of Long Beach claims that within four to five years the majority of marine terminals at the port should be served by dockside double-stack rail connections. There are noSeatrade Week - 301 words
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154 1988-05-17 15 THE MARITIME Industry Authority of the Philippines has recommended the closure of substandard maritime schools to maintain standards of maritime education. Philippines has the largest number of maritime schools in the world, reported Manila Chronicle. Marina administrator Philip S Tuazon said: "Our schools produce154 words
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PORTSIDES
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Article143 1988-05-17 15 Reuter THE TREASURE-LADEN flagship of the Turkish fleet sunk by the Greeks in 1822 has been discovered, a sea salvage expert said. Peter Nicolaides said he was sure the wreck he found a mile east-north-east of Chios Port in 50 metres of water was the Burlota Seimaz.Reuter - 143 words
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Article163 1988-05-17 16 THE MAJOR shipping consortia operating between the Far East/European. Far East/Persian Gulf. Straits ports/Australia. Straits/Japan and the member lines ACE (FAR EAST/EUROPE): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd163 words
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119 1988-05-17 16 AFP THIRTY-ONE of 34 crew members of the Seawise Giant supertanker survived an Iraqi air raid on Saturday, but the Taiwanese chief engineer was killed and two Filipino seamen are still missing, survivors said. They said the chief engineer had taken his postAFP - 119 words
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746 1988-05-17 16 Fairplay THE DOMINANT feature of the container building industry in the last 12 months has without doubt been the spectacular demise of the Japanese box builders. According to figures released in the Japan Container Association, total box production in the country stood at 18,035Fairplay - 746 words
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Article280 1988-05-17 16 Reuter NEARLY two months after the Syrian cargo ship Zanoobia was loaded with Italian toxic wastes in Tartus, Syria, its crew remain stuck on board with their poisonous cargo which no-one will accept, Italian press reports say. On Saturday, seaman Malik Smin was hospitalised afterReuter - 280 words
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Article796 1988-05-17 16 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpt II 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 III796 words
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Article272 1988-05-17 16 AFP DEMAND has been insufficient to absorb available tonnage in most major loading areas of the tanker market over the past week, London brokers E A Gibson say in their latest report. Activity was mostly concentrated in the first three days of the week due to the closureAFP - 272 words
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301 1988-05-17 17 THE HONGKONG government has relaxed rules governing the employment of crew The South China Morning Post received l confirmation from S Y Tsui, principal surveyor in charge of the Marine Department's Examination, that shipowners of Hongkong registered vessels have more flexibility in j hiring301 words
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190 1988-05-17 17 THE transport-shipping group TNT Ltd will take a controlling interest in Australian Warships Systems of Newcastle, one of two groups in the running to become the major contractor for the A 55.2 billion Anzac light frigate project. TNT will take a 25 per190 words
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8577 1988-05-17 22 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.8,577 words
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Article1228 1988-05-17 24 CHARTERING remained relatively active on the London shipping freights market Friday with some slightly firmer rates being reported on certain routes In the grain sector, for example. CNAN p«id a firmer US$25 for 25,000 tons from the US Gulf to Algeria *hile from the US North Pacific to1,228 words
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Page 15 Advertisements
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Advertisement803 1988-05-17 15 TIMES STP Distributors r»mti PubStmhmg Group OOCL OfQENT Oveiqeas CmLitm Line WW/ JRoiNE SHIPPING AGENCIES (Ret No *****4/ 00*) 200 Cantonment Road #12-05 Souttipomt. Sinppore 0208 TH 221X111 TELEX NO RS ***** TERMINAL,CFS Tel *****1* 220 BOOKINGS Tel *****34 235 PESAKA JARDINE SHIPPING AGENCIES SON BHD PORT KELANG TEL *****18803 words
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Advertisement53 1988-05-17 15 rasa THE DOMINANT feature of the container building industry in the last 1 2 months has without doubt been the spectacular demise of the Japanese box builders. Page II THE HONGKONG government has relaxed rules governing the employment of crew. Page 111 Index to advertisers Consortia London freights Ships in53 words
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Advertisement546 1988-05-17 15 <4. BALT-ORIENT LINE Baltic Shipping Co Reply Services from South East Asia to United Kfctf dom and North Continental Ports Agent: Singapore Soviet Shipping Co Pt# Ltd Tel; *****33 MAERSK LINE MAERSK LINE SHORTENS THE JOURNEY *4 DAYS TO NEW YORK The hh M Rotterdam Closing Time CY 19/5 0800546 words
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Page 16 Advertisements
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Advertisement832 1988-05-17 16 Hapag-Lloyd ALSO ACCEPTING CARGO TO. ALL UK INLAND-DESTINATIONS, BELFAST, DUBLIN, COPENHAGEN. AARHUS, GOTHENBURG, MALMO. HELSINKI, OSLO. AMSTERDAM. CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT VOY NO HAMBURG BREMERHAVEN R DAM/ ANTWERP LE HAVRE SOUTHAMPTON LARGS BAY KAMAKURA MARU HONG KONG EXPRESS CARDIGAN BAY RHINE MARU TOKIO EXPRESS K2ZH IKZZHIES9 E9K9iI832 words
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Advertisement17 1988-05-17 16 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.17 words
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Advertisement434 1988-05-17 16 AMERICAN TRANSPORT LINES, INC. U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO AmTVansVESSEL TEXAS RAMBOW VO STAR MAGNATE VI g3g| E2H CZli CCZI3 El CIH EM BI"MI II lIIZZMiEZifIQBQfIEEfIu BY FEEDER VESSEL ACCEPTING CARGO TO ATLANTA, SAVANNAH, BALTIMORE, 111 AMI TAMPA. OTHER U S EAST COAST PMK AM KmirtT ALSO ACCEPTING CARGO434 words
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Page 17 Advertisements
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Advertisement1021 1988-05-17 17 S3 The Straits Steamship Group Mansfield Container Shipping Re Ltd STRAITS SHIPPING Singapore to Sabah, Sarawak, Bcuoai Ports and Bangkok TO P&O Containers CONTAINERSHIP SERVICE TO UK/CONTINENT: CONTAINERSHIP SERVICES TO/FROM BANGKOK PtCASUS PROGRESS VS3OW 23-24 Bby 26-27 May ft CASUS PROGRESS VUIN 01-02 Jun 04 05 Jun BANGKOK BORNEO AGENCIES1,021 words
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Advertisement831 1988-05-17 17 Now/'K" Line's Sea Rail service blankets the U.S.A Japan Korea 0 Taiwan Sini Seattle Chicago New Vbrk Columbus Atlanta Dallas New Orleans Beach Houston \S Hong Kong Singapore Port Kelang "K" Line's Pacific Southwest/Chicago- Penang New York Double Stack Train (DST) service route is joined by a new Pacific/ Gulf-Atlanta831 words
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Page 18 Advertisements
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Advertisement375 1988-05-17 18 IXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN TAKNTI IRAN VAH OAT IRANIAN SERVICE Loading for:BANOAR ABBAS BANDAR ABBAS KYOWA LINE PNG/8. PACIFIC SERVICE Singapore Loading for: A VESSEL 30/5 LAE, PMB. RBL, HRA MICRONESIA SERVICE OCEANIA EXPRESS V-14 22/5 YOKO ASIAN LILY V-42 29/6 LOAD FOR375 words
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Advertisement573 1988-05-17 18 SCSline t»*u tnwif n—FULLY CONTAINERISED SERV IC E TO FURORE VIA SUEZ "1 A Mfmbfr nl the Acr ComorKm Hill* CONIAINIRISfD 10 (ROM NORTH AMf RICA IMS! COASi BU LA 26/5 OAK •FDR MOTHER VESSEL KJJ 43E/HANJIN KWANGYANG 45E KJJ 43E/KOREAN WON IS JIN 75E SSB 65E/KOREAN HON IS SUN573 words
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Advertisement337 1988-05-17 18 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO KOBE: SAILING 30/5 EURO-AFRICA SERVICE FOR: PORTO. LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER 8 ISTANBUL U.S.A. PORT MORESBY, RABUAL, LAE ft MADANG NOUMEA 2/6 FREMANTLE SUVA/LAUTOKA 2/6 SYDNEY SIN AUCKLANO, WELUNGTON, 4/6 LYTTLETON, DUNE337 words
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Advertisement1020 1988-05-17 18 r M EVERGREEN Full Contimpr Scrvicr lound-The-World East Bound (FE/CARIB/USEC/EURQ/FE) a/5 an an 77/s an °2/» *w ■a«si3ss3 H i s s f i i i?* 71/1 22/t 25ft zm ifi v> an ur> an ap m m im lift i/i ever globe an an an vn an m sn1,020 words
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Page 19 Advertisements
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Advertisement837 1988-05-17 19 %T PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE I VESSEL VOY MTEGRA M2l SCA FORTUN* 6621 BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE SCA DRAGON •HUM PIYA BNUM REPULSE BAY VESSCL MA837 words
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Advertisement354 1988-05-17 19 liJfl BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT STON HAM (HAVEN KOMI NAVKI U* M M M IM M IM 12A IM IM 1W 144 1M 1M IM w im an an an an m an an im w w in in w *pap up up w ap up hp354 words
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Advertisement427 1988-05-17 19 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUOERA INDONESIA P.T. TRIKORA LLOYI EXPRESS SEMI CONTAINERSNIP SERVICES SINGAPORE TO EUROPE VSL/VOY S PORE BILBAO ANTWERP H'BURG/ R DAM/ADAM BREMEN UNISIERRA/CP29/WB 30/5-2/6 14/7 12/7 PALEHBANC/9WB 10-13/6 12/7 15/7 MATARAM/21WB 12S-21/6 29/7 3/1 ftwbt+ct to Inducement Also427 words
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Advertisement444 1988-05-17 19 BOUSTEAD SHIPPING AGENCIES fefe BURMA FIVE STAR SHIPPING etgjjfflig I (Burmese National Line) PAGAN Via PA AN VI2SW Loading for Rangoon P.Kplang Penary Bangkok BANK LINE 1 3 Jfiviil/JL J a MORAYBANK VSN CLYDEBANK V23N TAMAITAI SAMOA VI3N BEE CO AS4A V3S SPORE ROAM HULL HMf 10* V 7 14/7444 words
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Page 20 Advertisements
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Advertisement913 1988-05-17 20 K'linb KAWASAKI KISEN KAISHA, LTD. N. AMERICA-ATLANTIC COAST VOY "INDO PK/PNG 15/5 22/5 31/5 7/6 ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE VOY LB CHLS 19/4 26/4 3/5 10/5 •PK/PNG INI 22/5 21/5 29/5 2*5 5/6 M 12/6 14/t VIA FEEDCR N. AMERICA PACIFIC SOUTH-WEST •PK/PNG SGP CHICAGO NYC913 words
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Advertisement745 1988-05-17 20 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Singapore PKrianj Pmanj La Bo Faeder By f—6 OtllßT SUCCESS V 107 It Ma. SO MANIPUR W ITH IS E TKU MY VI JO Ma, NMM*N COURIER V lON 24 May AfiWS AMOR lAS V CI 27 May o«WNT success v m <745 words
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Advertisement714 1988-05-17 20 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23. Tatot Aytf StrMt SINGAPORE 0104 TEL U43M (10 LINES) F»i *****4 STRAITS/PERSIAN GULF SERVICE: Spot PKetong Penang GOLDEN BEAR Colombo, K»r»chi Dubai 24/25 May GOLDEN HARVEST Colombo Karachi Dubai 1/9 June CHINA SERVICE Ml TUN SMAN Xiamen Shanghai 24/25 May A VESSEL714 words
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Advertisement547 1988-05-17 20 I® PHI LI Oni€NT LIN €5 PT€ LTD HEAD OFFICE £3 ROBINSON ROAD -07-12 AFRO ASIA BUILDING SINGAPORE 01C6 TELE* RS ***** PHILI FAX *****76 gvjj .11: j.vfLATTAKIA. BENGHAZI. ALGIER TRIPOLI. ALEXANDRIA PORT SAID. PIRAEUS. CASABLANCA. LIMMASOL VALETTA ADEN. DJIBOUTI SAN FRANCISCO. OAKLAND BOSTON. LOS ANGELES. LONG BEACH DALLAS. NEW547 words
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Page 21 Advertisements
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Advertisement756 1988-05-17 21 NEPTUNE AGENCIES PTE LTD. FE EU/AUST TPA/SEA Oarwrd EnqulHM: Tel: *****77 Terminal CFS BOOKINGS: *****53 *****42 *****22 *****53 *****19 27*114 NEPTUNE ORIENT LINES LTD P MUnf NEPLINE SON. BHD. *****87 K Lumpur NEPLINE SON. BHO. 2(***** Penang NEPLINE SON. BHD. *****5/6276»/627«1/67m2 J Bahru NEPLINE SDN. BHD. 23K40/***** 27*5743 27*5742 27*119756 words
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Advertisement511 1988-05-17 21 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN, INCHON STRAITS/KOREA SERVICE Vtmls Nam* ETD BS BKK S PORE PKELANG BUSAN M. EnttrpriM/DSM 26/04 09/05 In Port 20-21/05 JI,QS-03/06 No 9 Donam/RMN 30/04 16/05 20-22/05 22-23/05 02-04/06 No 1 Donam/KMN 09/05 22/05 25-27/05 21-290S 09-10/06 No511 words
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Advertisement786 1988-05-17 21 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANG P. KELANG MESSRS HAI THONG SHIPPING 127 Penjng Street Pentng. Malaga M S HANDLING SYSTEM CO786 words
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Page 22 Advertisements
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Advertisement352 1988-05-17 22 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (30 Lines FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTF RACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE E. THAELMANN 4/8121/5 |25/5 I 6/6 RUHLAND 4/M j 1/6 j— 17/6 4/7 •VIA COLOMBO: Accepting352 words
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Page 22 Miscellaneous
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Miscellaneous165 1988-05-17 22 H Regional Weather Vi 4T 38 5^ yjy. a^^iTr LL*£ C yA ~S Win* Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND• R Thunderstorm Temperature °C y Shower Weather s-J Wind direction with speed in knots Rain Cloudy Sky165 words
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Page 23 Advertisements
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Advertisement1067 1988-05-17 23 y> sjia/3 u AT CONVENTIONAL WHARVES RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS LCL CONTAINERS UNPACKED IN THE CONTAINERS FREIGHT STATION ALL CONTAINERS UNPACKED AS AT 16.05.88 (2300 HOURS) Arrival Ship Voy Date Godown Vega 87N *****8 F7 Nep Beryl1,067 words
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Advertisement177 1988-05-17 23 TRANS TRADING AGECY PTE. LTD. FBI IRAQI UN£ ST ATI (*Tf«MiSf *0« MMITIMf TR*kS'3«T WEST BOUND SERVICE Z ETA S PORE LOADING FOR MV RORO AL-ZAHRAA In Port Hodextah Jedd*k. Aqab "V RORO BALQEES In Poet Hodtntih Jcddjh Aut MV BABYLON 10 6 Hode«Wv Jeddah M*t THROUGH Bi'Ls to BAGHDAD177 words
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Page 24 Advertisements
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Advertisement383 1988-05-17 24 I// Hai Sun Hup Co (Pte) 1 l Ln TEL *****06 (20 Lines) TLX RS ***** RS J A i \M I l\N \R I l\l K I Ii) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT: Yokohama 3/6 18/6 28/6 Nagoya 16/6 Osaka Senboku 28/6 Moji •Subject to383 words
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Advertisement386 1988-05-17 24 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST tt)AST/GULFCANA(>A*EXICO AND FRENCH WEST INDIES VSL Sport Connactinf VSI NIHON VIS 23/5 NUEXNBEG ATL N. DUMA VIC »|S li/i STUTTGART EXP. N. NIHON VIS W W OUSSaOOHF EXP. For: Halifax, Montreal Toronto, Now York, Baltimore, (ASIA-SOUTH PACIFIC JOINT SERVICE) SPORE386 words
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Advertisement128 1988-05-17 24 ULTIMATE FREIGHT SERVICES PTE LTD T«fc Wishing our muslim clients ft friends Selamat Hari Raya WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES Agem MM-MM SMPfM (8) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** SEAFIX INDONESIA/JAPAN SERVICE SPORE PBARU PTK BJM LOAOIMG FOR; 25/5 23/5 25/5128 words
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Advertisement644 1988-05-17 24 BfiHk CALL US AT; P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE I 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 FEEDER P.KELANGI HTHR VSL SINGAPORE I LEMARVE SKI OTHER DESTINATIONS: AARHUS. AMSTERDAM. ANTWERP. BASLE BREMEN BREMERHAVEN. COPENHAGEN. HELSINKI.644 words
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