The Business Times, 27 May 1988

Microfilm: NL16193
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 FRIDAY, MAY 27, 1988 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    286 1 AFP Dow Jones up NEW YORK stock prices were higher yesterday morning as the market absorbed the news of stronger US economic growth in the first quarter of the year. The Dow Jones Industrial Average was up 12.67 points to 1,974.04 in the first hour of trading.
    AFP  -  286 words
  • Article, Illustration
    ST index gets a boost; Hang Seng, Nikkei slip
    199 1 SHARE prices on the Singapore stock exchange edged up yesterday on steady buying of lowerpriced counters and plantation stocks, which were boosted further in the afternoon by overseas investors. The Straits Times Industrial Index gained 7.72 points to 977.14 while the
    199 words
  • Article
    Japanese boost Aussie dollar to 39-month high
    116 1 THE AUSTRALIAN dollar hit a 39-month high of US$O.BOl5 on Asia's foreign exchanges yesterday, buoyed by Japanese purchases of the currency for property investments Down Under. But it retreated on profittaking to close at U550.7995 in Tokyo, up from U550.7925 at the closing
    116 words
  • Article
    Orchard Road shop rents at all-time high of $377 per sq m a month
    402 1  -  By LEE HAN SHIH, Property Correspondent SPURRED ON BY the seemingly endless stream of Japanese, rents for Orchard Road shops have gone through the ceiling. For units in prime location that is, ground floor with a
    402 words
  • Article
    Businesses upbeat about outlook
    533 1  -  Industries expect to increase pace of expansion QUES3SJ By BOEY KIT YIN STRONG ECONOMIC GROWTH last year followed through into the first quarter of this year, and industrial expectations show that more vigorous expansion may yet be seen in the second and third quarters. Riding on
    533 words
  • Article
    Lock icon US economy grows by 3.9pc and inflation falls to 1.7pc
    455 1 Reuter DRIVEN BY an improving trade performance, the US economy expanded at a faster pace than previously estimated during the first three months of the year, the Commerce Department reported yesterday. The economy grew at a 3 9 per cent
    Reuter  -  455 words
  • Article, Illustration
    Long way for US to go
    59 1 THE US trade deficit has narrowed. Unemployment is down Industry is spending more on research and development. In short, American industry has regained its competitiveness. But the battle is far from over, says Professor Harry G Harris, a visiting academic. And he warns against
    59 words
  • Article, Illustration
    UIC acquires significant stake in Roxy Electric
    477 1  -  By LISA LEE IN ITS FIRST major investment move this year, United Industrial Corporation (UIC) is betting on improved prospects in Malaysia by acquiring a significant stake in publicly-listed Roxy Electric Industries (M) Bhd. The proposed acquisition would give the company an indirect
    477 words
  • Article
    Lock icon Alan Bond's HK unit sells properties
    147 1 AFP AUSTRALIAN magnate Alan Bond's subsidiary in Hongkong, Bond Corp International Ltd (BCIL), said yesterday that it had agreed to sell seven luxury apartment blocks for HK$l.37 billion (US$l76 million). The transaction, which will yield a profit of HK$39O million for BCIL, was sealed
    AFP  -  147 words
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      Page 1 Advertisements Column 1
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      Page 1 Advertisements Column 2
      297 1 Full report, Pag* 14 Regional markets, Pag* 16 World martcats, Paga 17 m HUNGARY IS POISED to undergo a fundamental transformation with the ouster last Sunday of Janos Kadar after 31 years in power. The coming weeks could reveal some of the turmoil that often accompanies such a transformation in
      297 words
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      Page 1 Advertisements Column 3
      4 1 More reports, Page 3
      4 words
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      Page 1 Advertisements Column 4
      11 1 S©6 Page 10. Property markat likaly to stay buoyant, Pago 2
      11 words
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      Page 1 Advertisements Column 5
      34 1 Minolta EP49OZ with Stari-Mor. AT A. TESTONI BOUTIQUES #01-10 Hilton Hotel Shopping Gallery Tel: *****55 #03-28/29 Mandarin Hotel Shopping Arcade Tel: *****38 Hailey s Dept. Store Tel: *****63 Teslux Pte Ltd Tel: *****45, Singapore
      34 words
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  • HOME NEWS
    • Article, Illustration
      Property market likely to stay buoyant
      554 2  -  By LEE HAN SHIH, Property Correspondent THE PROPERTY MARKET is expected to remain upbeat until at least the end of next year, with the growth of rents of prime office and residential properties outpacing that of the sales prices. -This is because rental levels
      554 words
    • Article
      More help needed for the aged: Dr Tay
      175 2 MORE volunteers and funds are needed to help provide services to the aged, Dr Tay Eng Soon. Minister of State (Education), said yesterday. Speaking at the Malaysia Airlines (MAS) Celebrity Tennis gala dinner, Dr Tay said that as our population ages, there
      175 words
    • Article
      Political party to field 10-20 candidates in general elections
      256 2 THE NATIONAL Solidarity Party (NSP) said last night that it plans to field between 10 and 20 candidates in the coming general elections. Acting secretary-gener-al Ken Soon said: "The party has sufficient funds to field that number of candidates comfortably." adding
      256 words
    • Article
      Dynamic Systems to market disk drives for Maxtor Corp
      167 2 AN AMERICAN manufacturer of data storage products has appointed a local distributor. Dynamic Systems Re Ltd, to market its range of disk drives. It expects regional demand to double, based on its performance last year. California-based Maxtor Corporation reckons that demand
      167 words
    • Article, Illustration
      Learn from HDB's R&D work, Singapore builders told
      460 2 RESEARCH and development, using the knowledge built up over the years by the Housing and Development Board, is one of the ways to improve professional services in the building sector. Making the point yesterday was the chief executive officer of the HDB,
      460 words
    • Article
      Buona Vista flyover opens to traffic on Sunday
      227 2 THE BUONA VISTA flyover, spanning the upgraded Ayer Rajah Road, has been completed and will be opened to traffic from 2am on Sunday. All slip and loop roads connected with the flyover will also be opened at the same time. With the
      227 words
    • Article
      Absolute privilege issue: High Court reserves judgment
      405 2 THE HIGH COURT reserved judgment yesterday on the question of whether a person who makes written representations to a parliamentary select committee is protected by absolute privilege, making him immune to court action. The issue came up in a libel suit in which
      405 words
    • Article, Illustration
      Six local businessmen to visit machine tool show in Argentina
      359 2  -  By TUNG PEK YIN SIX Singapore businessmen are leaving shortly on an all-ex-penses paid visit to an Argentinian machine-tool exhibition. The six, all members of the Singapore Chinese Chambers of Commerce and Industry, are guests of the fair's organisers who
      359 words
    • Article
      Staying competitive with science
      189 2 THE ABILITY TO understand science will help Singapore retain its competitiveness in the world economy, enabling its people to improve their living standards. This was pointed out by Mr Yeo Cheow Tong, the Acting Minister for Health and Minister of State (Foreign Affairs) when he opened
      189 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      108 2 "You say a filing cabinet stood tnere, sir, so how come there are no marts on the carpet?" "Loboflor." With 80 million fibres in every metre, Loboflor carpet leaves no evidence of where heavy furniture once stood. Loboflor tar out-lasts conventional carpet. So tough, it is guaranteed for ten years.
      108 words
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      Page 2 Advertisements Column 2
      126 2 mf M b W V 9 v Scalpel... scissors~sutures._ BusinessTmes Whether you're a surgeon, lawyer, contractor or engineer, you need to be kept well informed to maximise returns on your money. In the same way a surgeon needs his tools to operate, he needs Business Times to help him make
      126 words
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  • FOCUS
    • Article
      Shortage of rooms lower than earlier forecast
      952 3 HOTELS SINGAPORE will face a shortage of 610 hotel rooms by 1991 and not 3,000 rooms as projected earlier, if the current average hotel occupancy of 75 per cent is maintained and. the annual tourist growth is 8 per cent. According to an
      952 words
    • Article
      Electronics industry expects strong output
      420 3 MANUFACTURING Broad-based growth in manufacturing sector in the first quarter THE MANUFACTURING SECTOR is expected to expand strongly in the second quarter. This is because the electronics industry, a mainstay of the sector, is forecasting strong output during this quarter and general industrial expectations show
      420 words
    • Article
      Manufacturing accounts for 28pc of labour force
      430 3 EMPLOYMENT THE STRONG demand for factory workers continued unabated in the first quarter of this year, accounting for 14,300 of the 20,000 jobs created in the period. This is the eighth consecutive quarter in which thousands of new jobs were generated by the
      430 words
    • Article
      October market crash limits growth to 8 per cent
      451 3 FINANCIAL AND BUSINESS SERVICES SECTOR THE OCTOBER stock market crash has resulted in a more moderate expansion of the financial and business services sector. It grew by 8 per cent in the first quarter, compared with 10 per cent in 1987.
      451 words
    • Article
      S$ rises against mark, falls against US$
      228 3 CURRENCY THE PERFORMANCE of the Singapore dollar in the first quarter was mixed. It appreciated against the West German mark, the Japanese yen, the Malaysian ringgit and the Hongkong dollar, but fell against the British pound, the South Korean won and the US
      228 words
    • Article
      Japan is still top investor, thanks to the strong yen
      295 3  -  INVESTMENTS Reports by LEE HAN SHIH, LIM SOON NEO, BOEY KIT YIN,LEONG WEN WAH THE STRONG YEN continued to provide the push to a strong inflow of investment commitments from Japan, which remained the top investor in the first quarter.
      295 words
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      31 3 UIESMR. SWISS FASHION QUARTZ r S.^GGPFS If Electro gold plated. Genuine leather strap. Water resistant. TRADE ALLIANCE (S) PTE LTD 10 ANSON *OAD '16 93 INTERNATIONAL PIAZA SINGAPORE 0907 TEI *****94
      31 words
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  • ASIA-PACIFIC
    • Article
      Lock icon Japan will soon face inflation: economists
      477 4 Discount rate forecast to rise by end-September Reuter INFLATION often rides on the back of a booming economy and economists say Japan will soon face unwanted price surges. Already the Bank of Japan, the nation's monetary watchdog, has shown it is ready to guide
      Reuter  -  477 words
    • Article
      Lock icon Japan's trade ambassador calls for reversing protectionism
      250 4 Reuter JAPAN'S trade ambassador on Wednesday called for a more open-global trading system and a reversal of protectionist policies in order to expand the world economy. Yoshio Hatano, ambassador to the 96-nation General Agreement on Tariffs and Trade (Gatt), also said Tokyo was
      Reuter  -  250 words
    • Article
      Lock icon Douglas committed to NZ economic reform
      426 4 Reuter NEW'.ZEALAND Finance Minister Roger Douglas on Wednesday reaffirmed his commitment to continuing reform of his country's Economy. He also brushed aside rumoured differences between himself and Prime Minister David Lange. "lldon't know that the pace of reform has changed at all," Mr Dougjas
      Reuter  -  426 words
    • Article, Illustration
      Lock icon Philippine economy's consumer-led recovery strains productive capacity
      564 4 Reuter THE PHILIPPINE economy is growing strongly well into the third!year of President Corazon Aquino's rule, but the nation must adjust further to make up for years of depression, analysts say. The government said in Manila on Wednesday that gross national product, the
      Reuter  -  564 words
    • Article
      Lock icon Fewer Indonesian women going to MidEast
      135 4 AP INDONESIA will continue to send workers to the Middle East but the number of women workers sent will be reduced. Minister of Manpower Cosmas Batubara said on Wednesday. After a meeting with Vice-President Sudharmono, the minister said in Jakarta that 253,564 workers had
      AP  -  135 words
    • Article
      Lock icon More Japanese investing in Malaysia
      171 4 AP THERE ARE 450 Japanese companies operating in Malaysia, employing more than 40.000 people, and the number is expected to grow, Japanese Ambassador Noboru Nakahira said in Kuala Lumpur yesterday. Japanese investment, which has quadrupled since 1986, indicates that more companies and joint ventures will
      AP  -  171 words
    • Article
      Lock icon Ford Foundation opens office in China
      250 4 AP THE FORD FOUNDATION on Wednesday became the first foreign foundation to establish an office in Beijing, its China representative said at reception marking the opening. Since China and the United States established diplomatic relations in 1979, the New Yorkbased foundation has committed about
      AP  -  250 words
    • Article
      Lock icon Hongkong plans to boost ties with Taiwan
      259 4 Reuter HONGKONG plans to boost its economic ties with Taiwan and is confident that trade will not be affected when the British colony reverts to China in 1997, a visiting Hongkong trade group said on Wednesday. Jack So. executive director of the governmentfunded
      Reuter  -  259 words
    • Article
      Lock icon Socialist bloc favours early Cambodian settlement
      244 4 AFP THE SOCIALIST world supports a rapid settlement of the Cambodian problem. Milos Jakes, general secretary of Czechoslovakia's communist party, said at a conference during his visit to China that he had broached the issue of the war to Chinese officials. "It is necessary
      AFP  -  244 words
    • Article
      Lock icon Weekly meetings with the press in Beijing
      150 4 AFP CHINESE and foreign journalists will soon be allowed to ask the Chinese government questions at weekly press briefings in Beijing. In a move that observers said indicated more openness, foreign and Chinese correspondents will be able to pose questions at every Tuesday's
      AFP  -  150 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      977 4 ARRIVALS Operator Servtco Local From number rtmo SU SQll 0040 LAX/NTT UA UA805 0045 SFO/HKG JAL J LA 15 0240 TYO THAI TG8010 0300 BKK/KPS MAS MM640 0820 KUL SU S043 0835 DMA MAS MM651 0910 PEN KAL KE697 0910 SEL/MNL MAS MH630 0920 KUL SU S0103
      977 words
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      49 4 WHY SETTLE FOR LESS? INSIST ON THE BEST! YORK SPARE PARTS CENTRE i WU: 1 For your convenience YORK spare parts are now available over the counter YORK AIRCONDITIONING AND REFRIGERATION, INC. 29 INDUSTRIAL ROAD SINGAPORE 1953 TLX: RS ***** YORKSIN FAX: *****15 I 1R •tfv mm ■J 9 >
      49 words
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      Page 4 Advertisements Column 2
      45 4 I I II \I I If ll The business person's choke every A I y\ s ,aw I i\ JJ_ 1 J X \y 1 1 hours and arriving Heathrow earty the folowing morning. Cal your Travel Agent or Air Canada at *****55. AIR CANADA
      45 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      132 4 wm ir. v/"'^ Max/ Not* Min (°C) 17/08 Cloudy 23/10 Clear 27/16 Roin 35/26 Cleor 35/27 Cloudy 31/25 Cleor 24/15 Rain 25/18 Sunny 23/11 Clear 25/15 Clear 30/24 Clear 25/13 Showers 23/11 Cloudy 24/13 Cloudy 14/04 Clear 38/21 Clear 14/02 Cloudy 15/02 Fin* 28/21 Cloudy 17/10 Clear 15/08 Clear 34/23
      132 words
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  • REST OF THE WORLD
    • Article, Illustration
      Lock icon Reagan said ready for a fifth summit with Gorbachev
      265 5 Reuter PRESIDENT Ronald Reagan has hinted that he would be ready to meet Soviet leader Mikhail Gorbachev at a neutral venue to sign a strategic arms treaty after their Moscow talks. The Times said in London yesterday. Mr Reagan, in an
      Reuter  -  265 words
    • Article
      Lock icon Tokyo works worth US$17b open to US construction firms
      366 5 UPI US CONSTRUCTION COMPANIES will be allowed to bid for nearly US$l7 billion of work on 10 Japanese public works projects under agreements signed on Wednesday. Commerce Secretary William Verity and Japanese ambassador Nobuo Matsunaga signed five letters outlining the agreement
      UPI  -  366 words
    • Article
      Lock icon Gorbachev may seek freer trade
      301 5 Reuter A TOP Soviet economist said on Wednesday that Mikhail Gorbachev would probably ask President Ronald Reagan at their Moscow summit to allow freer trade between the Soviet Union and the United States. Stanislav Menshikov. a former communist party central committee member who is editor
      Reuter  -  301 words
    • Article
      Lock icon Supreme Soviet postpones consideration of draft law on private business
      257 5 NYT THE SOVIET legislature, normally a docile forum that ratifies the Communist Party's will by a unanimous show of hands, on Wednesday found itself the scene of an unexpected tax revolt. The legislature, known as the Supreme Soviet, postponed consideration
      NYT  -  257 words
    • Article
      Lock icon Debate over housing every Soviet family by the end of the century
      435 5 Reuter SOVIET parliamentary deputies yesterday debated the task of providing every Soviet family with their own home by the end of the century building some 36 million new flats in the next 12 years. The deputies, meeting for
      Reuter  -  435 words
    • Article
      Lock icon British house price boom raises worries about economy
      347 5 Reuter A CREDIT-FUELLED house price boom may hold dangers for Britain's economy. Behind a spring-time rash of "For Sale" signs in British streets lies a risk of higher inflation and a worsening balance of payments, some economists in London say. "I think
      Reuter  -  347 words
    • Article
      Lock icon Parkinson to discuss privatisation in China
      196 5 Reuter BRITISH Energy Secretary Cecil Parkinson said on Wednesday that China was interested in Britain's privatisation programme and that he would discuss the subject during a visit to Asia which he begins on June 2. Mr Parkinson said at a briefing on his 12-day
      Reuter  -  196 words
    • Article
      Lock icon Hungarian Cabinet reshuffle likely next month
      172 5 AP A PLANNED reshuffle of the Hungarian Cabinet is likely to take place in mid-June instead of in autumn but will not affect Premier Karoly Grosz, a Budapest daily reported on Wednesday. Mr Grosz was elected new Communist Party chief on Sunday and was
      AP  -  172 words
    • Article
      Lock icon Italy plans to cut deficit
      86 5 AFP THE ITALIAN government on Wednesday announced a plan to trim the country's public deficit of 122.000 billion lira (US$O7 billion) by 7.000 billion lira (US$5.5 billion). The plan, now in a bill before Parliament, involves cutting gov- ernment spending by 3,000 bit- lion lira
      AFP  -  86 words
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  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      64 5 MAOJN, DO YOU HAVE THE FINAL SCHEDULE ON THE PRESIDENTS UPCOMING BY GARRY TRUDEAU ATTHATTTME, HE MLL MEET A POWERFUL HAN *1* A dKHMRK HARUN t MLL ON OTHER HG FOREHEAD OR HIS THESiGMNG NOSE. THB/HAVORHA/NOT BE HISTORIC* 96NMRKXJS PIECES OF PAPER. A, YES. UNLESS mSROBRr RurrsDP/ ALIENS. I I
      64 words
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  • MONEY AND EXCHANGES
    • Article
      Government securities market
      85 6 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BID OFFER HtGH LOW 3 months BQ*****X 18.8.88 3.85 3.80 3.78 3.71 6 months BY*****7 24.11.88 3.88 3.83 1 year BY*****Z 23.3.89 3.90 3.85 3.85 3.85 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
      85 words
    • Article
      Forex markets
      1226 6 SINGAPORE: The Australian dollar rose sharply yesterday on good demand while the US unit was locked in a tight range, reflecting a lack of fresh news. Dealers said the greenback was held steady ahead of the release of revised US first quarter GNP data which was expected to
      1,226 words
    • Article
      Lock icon IMM
      261 6 Reuter MOST IMM currency futures closed modestly lower on Wednesday and near the bottom of tight session ranges in thin trading. Activity was dull aside from spread buying of yen and Canadian dollars against short positions in D-marks or Swiss francs. June Swiss francs fell to a new 1988
      Reuter  -  261 words
    • Article, Illustration
      World interest rates
      187 6 Indicate* the average o« tha prima landing rata* of 12 ma (or banka In S'pora r Interbank market rates (offer/bid) on May 26 us$ DM SWFC Y«n 7 doyi 7 J/U 3/16 7 i/a j/i 3 1/4 J 3/4 J/« 4 j/t l/a 1 fmth 7 3/«
      187 words
    • Article
      Money markets
      59 6 THE OVERNIGHT monay rata fell 7/8 point to end at 3 per cent yeaterday. One and two-month term rates were unchanged while three-months rose 1/16 point. S$ Interbank rates at 12 noon y ester day: Off& 0**rMD night 3 2 3/4 -month 4 3 7/1 2-monft* 4 3
      59 words
    • Article
      Asian dollar market
      284 6 ASIAN DOLLAR deposit rates closed steady yesterday at around Wednesday's levels after very quiet trading with operators awaiting the release of revised US first quarter QNP data. There was continued uncertainty over the Fed's credit policy amid rising inflation in the US. The market will be focussing
      284 words
    • Article
      Comex gold/silver futures
      174 6 Gold futures on May 25 100 troy ounces. USS par troy ounce Op— Law SaOta may 454.00 454.00 454.00 454.40 -6.20 Jwi 435.30 ■456 M> ***** 454J0 -6.30 M 457.30 -6.40 Aug 460.20 460.90 457JO 458J0 -6.60 Oct 4*5.00 465 JO 46X30 463.60 -6.70 Ok 468.00 470JO
      174 words
    • Article
      Simex
      455 6 EURODOLLAR futures on the Simex opened lower yesterday from the previous close as the draining of reserves by the Federal Reserve Board caused concern that the US was tightening interest rates again. Trading range for the September contract was confined to 91.78 to 91.80 in quiet trading as market
      455 words
    • Article
      Options
      1493 6 CURRENCY FUTURES OPTIONS Thursday, May 26 1988 DEUTK ittEMARK (MMEX) Jun M earn Mfh Lm M JMN High Low M 54 55 56 57 54 59 60 *1 62 63 MA 12A MM ss mMo M#t Low 75 10 7 CAM CAI CAS So« i SSSiftiiiii t J j
      1,493 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      63 6 Bank of India London Branch U5530,000,000 Negotiable Floating Rata Certlflcatea of Depoalt Dua Novambar 1987/89 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the six-month interest period from 31st May 1988 to 29th November 1988, the Certificates will carry an Interest Rate
      63 words
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      Page 6 Advertisements Column 2
      10 6 IB banque indosuez 3 Shenton Way. Shenton House. Singapore 0106
      10 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Guilder rise a dilemma for Dutch central bank
      614 7 Reuter THE CONTINUED RISE of the guilder leaves the Dutch central bank with the painful choice of either another independent interest rate cut or loosening its grip on the exchange rate, according to Dutch analysts. The guilder was fixed on Tuesday at
      Reuter  -  614 words
    • Article
      Lock icon Soviet bond sale may help fund reforms
      345 7 Reuter THE SOVIET UNION plans to sell bonds in West Germany soon to help finance perestroika, Mikhail Gorbachev's economic restructuring programme, according to bankers in Frankfurt. It would be only the second time that the Soviet Union has sold bonds— basically colossal IOUs
      Reuter  -  345 words
    • Article
      Lock icon Mexican finance minister to visit New York in June
      358 7 Reuter MEXICAN Finance Minister Gustavo Petricioli will visit New York early next month, and may meet US Treasury Secretary James Baker, banking sources said in Mexico City on Tuesday. A Finance Ministry spokesman confirmed that Mr Petricioli would visit New York
      Reuter  -  358 words
    • Article, Illustration
      SES listing for US$700m foreign fund
      501 7  -  By SOH TIANG KENG, Financial Correspondent THE BIGGEST-EVER foreign investment fund, amounting to US$7OO million, will be listed on the Stock Exchange of Singapore early next month. Part of the shares of this foreign mutual fund, known as the Nomura Rosenberg Alpha Fund Mark
      501 words
    • Article
      Lock icon Cautiously upbeat outlook for US banks
      407 7 AP FEDERAL REGULATORS and senators offered a cautiously upbeat view on Wednesday of the prospects for a rebound this year of US banks, which in 1987 suffered their worst year since the Depression of the *****. The regulators, testifying before the Senate Banking Committee,
      AP  -  407 words
    • Article
      Lock icon Banca Commerciale extends Irving offer
      106 7 Reuter BANCA COMMERCIALE Italiana (BCI) has extended its offer to buy about 51 per cent of Irving Bank Corp's common shares until June 8 from May 24. As of the close of business on Tuesday, 725,287 Irving shares had been tendered and not withdrawn, BCl's
      Reuter  -  106 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      72 7 DC GARDNER GROUP pic INTERNATIONAL BANKING CONSULTANTS is pleased to announce that the following bank training courses are to be conducted in Singapore: Advanced Credit July 27 to 29,1988 Credit Risks of August 1 to 3,1988 Capital Market Products For further information, please contact our S.E. Asia Agent: OG Euro-Asia
      72 words
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      Page 7 Advertisements Column 2
      78 7 Good America. t 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
      78 words
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  • COMMODITIES
    • Article
      Lock icon RSS One likely to remain at M$3 level till year-end
      555 8 Bernama ES THE CURRENT PRICE level of RSS One grade rubber at about M 53.00 a kg will be sustained till the end of the year, according to the chairman of the Malaysian Rubber Research and Development Board (MRRDB), Ahmad
      Bernama ES  -  555 words
    • Article
      Lock icon Forecast for stable crude prices
      155 8 Reuter AMERICAN ENERGY SECRETARY John Harrington expects the prices of crude oil to remain relatively stable through the early *****. Mr Harrington told a conference in Washington on Tuesday that the fall in US oil output should level off over the next year while oil
      Reuter  -  155 words
    • Article
      Oil and Products
      92 8 CRUDE prices showed signs yesterday of a slight rebound while most product prices continued to display bearish moods. Closing prices for crude (FOB origin) US$/borf#i Otongo Topi. (Mw) Minos (Jim) 17.00 undt 16.66 0.10 Duboi (My) 14.90 0.05 WM Tonot WTI (My r 17.42 0.09 H»- York
      92 words
    • Article
      Precious Metals
      325 8 HONGKONG: The metal closed lower in active trading yesterday on profit-taking by local and European investors in the afternoon session. Dealers said the metal's weakness mainly reflected the steady tone of the US dollar but there were no other major factors. Bullion ended at U*****.50/90 an ounce against
      325 words
    • Article
      Palm Oil
      481 8 MALAYSIAN crude palm oil prices recovered yesterday from initial falls to close mixed on light covering, still underpinned by prospects of substantial export business to India in the next five months. Prices earlier weakened on profit-taking and in sympathy with a fall in overnight Chicago soyoil futures. Trading
      481 words
    • Article
      Soybean
      179 8 SOYBEAN FUTURES on the Chicago Board of Trade sold off after an initial rally failed to penetrate the technical resistance at the contract highs to end on or near the lows on Wednesday, down 21 to 30 US cents per bushel, in active trading. July settled at 7.59 cents
      179 words
    • Article
      Wheat
      175 8 WHEAT FUTURES on the Chicago Board of Trade sold off from early highs on Wednesday when the mar-ket-leading soybeans and Minneapolis spring wheat turned weak, ending with losses of 8% to four US cents per bushel in moderate trade. July settled at US$3.4l !4 after posting an 11%-cent range
      175 words
    • Article
      KL Tin
      169 8 CONTINUED ovtrMM demand and a higher European spot tin cioee puahad tha KLTM prtca up five canls lo MSI7.M a kg. Trading was acttva initially with total Mds tor 2M tonnas notad at ttie •tart dua to strong Japanasa and Europaan short-covering, following naarby shortaga in Europe. But
      169 words
    • Article
      Produce prices
      239 8 Chinese Produce Exchange SoHofV noon doting p rk*i on May 26 (S$/100 kg) Coconut oil m rot 107.00 Otd drum FO« 117.00 Hm<rn drum FOt 121.00 Copra Mix«d (too**) 62 Pepper Murtfofc wMt* FOt NIW 1125.00 Sorawak whM* FOt foq NIW 1110.00 Sarawak iptrinl Mack FOt NIW 652.50
      239 words
    • Article
      Rubber
      319 8 SINGAPORE The underlying bullish sentiment continued to prevail on the market yesterday with prices rising to a near eight-year high of 292.00 cents a kg for June One RSS, up two cents from Wednesday s close. The price, however, was below the record high of U*****.50 set on Oct
      319 words
    • Article
      RAS and MRELB
      271 8 RAS prices mto* nla/kg, FOB In M« 1 NOON CLOSE 8wy«n Sellers tay*rs jaaan Int 1 RSS Prompt 290.00 294.00N 294.00 298.00N In* 1 RSS Jun* 88 288.00 293.00N 292.00 297.00 fat 1 RSS My 293.00 298.00 297.00 302.00 fat 2 RSS Of 285.00 289.00N 289.00 293.00N
      271 words
    • Article
      SSR and SMR
      75 8 (cant»/fcg) JUNE 1988 JULY 1988 (currant month) (forwoi d month) RAS NOON NOON Ivytn Sa*an Ivran SSI 30 255.00 260.00N 355.00 360.00N SSI 50 353.00 258 00K 353.00 25I.OON T :UM: tuyari SaMan SMI cv 530.00 532.00N 531.00 533.00N SMI I 535J00 537.00N 536.00 53S.00N SMI 5
      75 words
    • Article
      London markets
      306 8 London Commodity Exchange Buyor/Sollof dosing prfc*s on May 25 (£/*onr m units spodflod). Previous dosing pricos in paroatfcosis. Coffee loth in-ftor« London, mN*t! option OF London May 1048/1050 (1040/1043) High/Low 1051/1040 M 1065/1067 (1058/1060) High/Low 1070/1059 Soloi (2337) Cocoa Moy 950/955 (928/930) High/Low 960/948 M 963/964 (944/945) High/Low
      306 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      175 8 -f -%r rOff tor Out. m t j BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in our daily reporting. As part of BT's overall service we have always recognised this
      175 words
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  • TECHNOLOGY
    • Article
      Hard disks not a soft option
      768 9  -  IP© ©Danes -by JEFFREY TSANG MANY PEOPLE think that buying a hard disk is the solution to all their storage problems. With 20 MB of storage in a pack that is the same size as a 5%mch floppy disk drive, the hard idisk is
      768 words
    • Article
      Digital Equipment counting on network computing
      216 9  -  By SHOEB KAGDA DIGITAL Equipment Corp, a major US computer maker, is banking on its strength in network computing to maintain its frontranked position in the world integrated office systems market. Its VAX system and accompanying VMS operating software are market leaders at time-shar-ing,
      216 words
    • Article
      Local software company lands $1m contract with German freight company
      318 9  -  By TAN KEE WEE A SINGAPOREAN computer software company, IPACS Computer Services, yesterday signed a $1 million contract with Birkart SEA, a West Germany-based freight forwarding multinational company. This could well be the first time a locally-developed software package of
      318 words
    • Article, Illustration
      Lock icon Dispute over accuracy of a scientific paper
      827 9 NYT SEVENTEEN PAGES of private laboratory notes that fell into the hands of an obscure junior scientist have set off a bitter dispute over the accuracy of a scientific paper whose authors included a Nobel Prize winner, Dr David Baltimore of the Massachusetts
      NYT  -  827 words
    • Article
      Scientists discover gene that causes hay fever
      338 9 GOOD NEWS for those suffering from hay fever an Australian research team has found the gene that is responsible for cauaing it. If the claim is true, the discovery should lead to better diagnosis and treatment of not only hay fever, but of
      338 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      57 9 C E R T A IN WORLD V v. V '-r X A WORLD THAT WIARS FRATKLLI ROSSITTI. WALKS IN ROSSETTI Style *****. elegont and suitable for every occasion Style *****, English inspiration, Italian comfort o m Style *****, the sporty kilt for the contemporary look MHtiMii <et-e*« »hawcwtti, iscerrsiou.
      57 words
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  • PERSPECTIVE
    • Article
      Winds of change in Hungary
      486 10 IF SOVIET LEADER Mikhail Gorbachev can be described as a man in a hurry, the same cannot be said of the former leader of Hungary, Janos Kadar. Mr Kadar, who was ousted last Sunday, had put his foot on the brake of the Hungarian economy
      486 words
    • Article, Illustration
      Disproving the prophets of doom
      923 10  -  American management expert Harry G Harris sees the US vindicated as the country regains its competitiveness. But he urges vigilance against any cost escalation. In Singapore during his study tour of the Pacific region, the Greek-American talks about his personal views as a member of
      923 words
    • Article, Illustration
      The hyphenated American
      478 10 HE DESCRIBES himself as a "hyphenated American" and he is proud to be one. Fifty-two-year-old Harry G Harris of Fresno, California, is of Greek descent. His parents became American citizens and settled in California. He was born an American but, until he went to school, he spoke
      478 words
    • Article, Illustration
      Academic, bureaucrat, politician
      408 10 PROFESSOR Harry G Harris tamed his doctorate from Harvard University in 1970. He assumed his I* current academic appointment as£ professor of management of the*California State University, Fresno. in 1960. In the *****, he had a stint in-; the office of the Secretary of fense for International
      408 words
    • Article, Illustration
      Lock icon Suiting for a leaner future
      713 11 Redevelopment cuts away at Savile Row's sartorial splendour Reuter SAVILE ROW, for years the mecca ot exclusive men's tailoring, is worried about losing its ground as the world centre of upmarket, understated elegance. Since 1835, some of England's finest master tailors have stationed themselves in
      Reuter  -  713 words
    • Article, Illustration
      Lock icon Losing grip of tomorrow
      1198 11 For much off the past six weeks, British politicians have ffussed over the question off sterling's exchange rate against the Deutschemark. This week they are calming down. Both interest rates and sterling have fallen. All these serve to enlarge a harsher question about the future off
      The Economist  -  1,198 words
    • Article, Illustration
      Lock icon Waging war on destruction
      745 11  -  KL's Chinatown is disappearing bit by bit. ANDRE GRENON looks at efforts to conserve the historical area ANDRE GRENON Reuter FOR YEARS, the colourful tangle of signs, old houses, food stalls and hawker carts that crowd around Jalan Sultan in the heart of the Malaysian capital
      Reuter  -  745 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      197 10 pll This gift is W available only to Singapore subscribers. m You have a business to run, a busy schedule i to keep... 3\ SINGAPORE BUSINESS understands your commitment to your work. So, instead of having to go out in the sweltering heat or get held up somewhere in a
      197 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      42 10 BnStORTT franlcDLcfceDG GF&Pf CtRQW CRIKeY/ P°o. /ptrJc^i To fM-t emPLovfejes... OuMNG To "IWE. R MOUNT OF P»LF€f?WG FRpm IHC Rrndoph &o[>Y SEfsßcnes Plrc£ F(?om spm this PvFteRNOON. RGFOSING TO COOPC**^ LJILi be summßf^it-y D«sraisseD. CVtMNO ITAMOAMO CO. LTO-, IM2—I«M jerf,S N ~?U"lO
      42 words
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  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1306 11 wa QBE) mm 012 7.30 PM Opening and Programme Highlights foNowed by 1988 To« Kwon-Do World Owmpjoruhipi 8.30 Wor Chronicles Air War In lbs Podfk. 8.00 'Alio 'AIM The Gestapo suspects that Colonel Van Strohm may bo Involved In a plot to assassinate HMor. 8.30 The Naturol Worid Klnobolu. Summit
      1,306 words
    • Miscellaneous
      Page 11 Miscellaneous Column 2
      174 11 TOHKWDOB CRYPTIC PUZZLE (3. 5) 8 Studies or noted duets. possibly 10 It there a town like her? (5) 13 Funny tort of fence? (2-2) 14 City that't right (or Englith opera (4) 15 A knot no piece of deal hat (4) 16 New rhyme for a cry (3) 17
      174 words
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  • SPORTS & LEISURE
    • Article, Illustration
      Lock icon Michael Jordan named NBA's Most Valuable Player
      256 12 AP MICHAEL JORDAN, the only player in the history of the National Basketball Association to win the scoring title and defensive award in the same year, on Wednesday became the first Chicago Bull to be named the league s Most Valuable Player. Jordan
      AP  -  256 words
    • Article
      Lock icon Pistons break losing streak at Boston Garden
      502 12 AP ISIAH THOMAS scored 15 of his 35 points in the fourth quarter and the Detroit Pistons snapped a 21-game Boston Garden losing streak with a 104-96 victory over the Celtics in the opener of the Eastern Conference finals on Wednesday night. Thomas
      AP  -  502 words
    • Article, Illustration
      Lock icon Conner still trying to get used to catamaran
      366 13 UPI AMERICA'S CUP skipper Dennis Conner on Tuesday watched as the yachting press got its first look at Stars Stripes, the 60-foot catamaran that Conner admits may take some getting used to. Stars Stripes, probably the most controversial yacht in the history
      UPI  -  366 words
    • Article, Illustration
      A budding star is born
      767 13  -  From BARRY WOOD A NEW STAR may have emerged last night at the French Open as Conchita Martinez, 16 last month and a qualifier. defeated ninth seed Lori McNeil 1-6 6-3 6-1 to reach the fourth round. Born in Spain, but presently living in Switzerland,
      767 words
    • Article
      Malaysian Thomas Cup gamble pays off
      815 13  -  From SHIRISH NADKARNI HOST NATION Malaysia and European challengers Denmark took the hard route to the semi-finals of the Thomas Cup international badminton men's team championships last night. And they had to thank their opponents for some tactical blunders. The Malaysians and the Danes
      815 words
    • Article
      Lock icon Stewart shows he hasn't lost his touch
      120 13 UPI BRITAIN'S Jackie Stewart, three times world auto racing champion, showed he has lost none of his old skills when he slashed a second off the Ford 2000 lap record time at Donington Park on Wednesday while testing a car for his son
      UPI  -  120 words
    • Article, Illustration
      Lock icon Nicklaus on way to becoming first golfer to earn US$5m
      346 13 AFP JACK NICKLAUS has only to make the cut for the final two rounds in his Memorial Tournament this weekend to become the first golfer to pass the US$5 million mark in career earnings. Nicklaus, who founded the tournament in
      AFP  -  346 words
    • Article
      Some objective views on golf swing
      605 13  -  10 MOHKET BUSINESS with Mike Cashmore MYTH: All strength training exercises will aid the golfers in increasing distance. There are a number of exercise programmes for golfers to use during the off-season which are designed to increase strength and add distance to golf shots.
      605 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      194 12 4 COURyoISIERXQ-Where to eat, drink... to i*. X I" i t o a band with a faraway name but who's right at home with the crowd at Treetops Bar... 8 pm onwards. Royal -\{ptLAcu) &wC Singapore At Orchard Terrace (he prawm gel drunK before you do We've added an exciting
      194 words
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      Page 12 Advertisements Column 2
      148 12 BARBEQUE 'N' FASHION SHOW, a double pleasure, by the POOLSIDE, food served 7pm 10pm showtime 8.15pm, every Thursday and Friday. Select from a variety of: salads and dressing, vegetables, meat, seafood and desserts. Not forgetting choice of coffee or tea. $1650++ per adult $10.00 per child under 12 years A
      148 words
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      Page 12 Advertisements Column 3
      193 12 THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet buffet luncheon at an ungourmet price l For starters, take your pick of our cold dishes prawns on tee. fresh oysters, smoked salmon melon and dried ham. vegetable ternne. mixed seafood salad cooked assorted vegetables and homemode dressings Select your
      193 words
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      Page 12 Advertisements Column 4
      277 12 May simmers over with the delicate taste of Claypot Sharksfin. Delicate sharksfin and crab claw...a unique Thai dish that shouldn't be missed. Or take up one of two special 10-course set menus with complimentary Hennessy.XO. $398++ (plus free pint) $498++ (plus free quart) Whichever you choose, it will be a
      277 words
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      Page 12 Advertisements Column 5
      108 12 French connection The culinary favourites of France are yours to enjoy from May 1 31. With Fines de Claires, Canard a l'Orange, Quiche Lorraine, Escargot au champignons, Coq au vin rouge, Crepes Suzette and more! Make the French connection for just S£?*:£2" nd <&&&* 15* for children. Sti' fit tin
      108 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      320 13 All the chaims of Austria Join us at our Austrian Food Promotion as we pay tribute to the traditional cuisine, fine wines and rich pastries of this beautiful European country. Our Businessman's Luncheon offers the delights of Austrian fare from Monday to Friday. May 23 to 27, from noon to
      320 words
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      Page 13 Advertisements Column 2
      215 13 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PALM |g| For between $26++ and $40+ I ou can se ect f rom our appetiser UIXILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses.
      215 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Plantation stocks and second liners surge
      4776 14 SHARE PRICES edged higher on fairly high volume yesterday as investors sought lower-priced and plantation stocks. The Straits Times Industrial Index climbed 7.72 points to 977.14 while the broader-based BT Composite Index gained 8.96 points to 859.90. Trading activity picked up between 3.00pm and
      4,776 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon HK exchange tightens control
      452 15 By HOCK LOCK SIEW THE HONGKONG stock market is feeling the kind of change thaj swept through Singapore's exchange in the wake of the Pan-Electric fiasco more than two years ago. For free-wheel-ing Hongkong, it was Oct 19 that did it. Unprecedented moves have been made
      By HOCK LOCK SIEW  -  452 words
    • COMPANY BRIEFS
      • Article
        Mulpha (Singapore) explains losses
        95 15 MULPHA (Singapore) Ltd has elaborated on its losses for 1987. The lower level of contracting, loss of agencies and cessation of unprofitable businesses led to the 26pc drop in turnover to 5558.29 m. Provisions for stock writedowns came to $4.08 m which related largely to its
        95 words
      • Article
        AMDB, AMMB abort acquisition
        28 15 ARAB-MALAYSIAN Development Bhd and Arab-Malaysian Merchant Bank Bhd have agreed not to go ahead with the proposed acquisition of 48pc of Arab-Malaysian Credit Bhd.
        28 words
      • Article
        Parkway FRN to be listed today
        23 15 PARKWAY Holdings Ltd's $30million guaranteed floating rate notes due 1993 will be listed and quoted from today.
        23 words
      • Article
        Power to issue UOB, UOI, UOF shares
        53 15 UNITED Overseas Bank Ltd and its subsidiaries, United Overseas Insurance Ltd and United Overseas Finance Ltd, have passed resolutions empowering their directors to issue shares provided that the total number of shares issued do not exceed 10% of the present share capital of
        53 words
    • Article
      Faber Merlin postpones loan stockholders' meeting
      178 15 •FABER MERLIN Malaysia Bhd will postpone a loan stockholders' meeting scheduled for May 31 while it studies another form of securitisation for the Merlin Tower Hotel. This is because technical errors do not make it possible to create a second charge over the building
      178 words
    • Article
      Unit trusts
      277 15 Managers' prices Japan Gr Fund Shenton Thrill Fund 1 61 081 66* 081 for May 27 Singapore Unit Trust UOB Management 1 Iniftmd 086 086 The Com«r>«rce 093 0 99* Umbond 1005 103 The Sovmgs Fund S'pore Prog Fund 082 039 088 043 MARA-Bumiputra S'pore Sec Fund 065
      277 words
    • Article
      Business done on the SES
      3633 15 810 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".
      3,633 words
    • Article
      COMPANY MEETINGS
      173 15 INTRACO Limited: 19th AGM at 456 Alexandra Road #14-00. NOL Building. Singapore 0511. today. May 27, at 11am. HWA HONG CORPORATION Limited: 35th AGM at 60B Martin Road #14-06/7A. Singapore Warehouse Building, Singapore 0923. today. May 27. at 10.30am. OVERSEAS UNION BANK Limited: 39th AGM at 45th Storey.
      173 words
    • Article
      C K Tang to acquire rest of store space for $64m
      550 15  -  Rights issue with TSRs to raise $57m proposed By CORRINA LIM C K TANG Ltd. which turned in a record after-tax profit of $4.40 million for the last financial year, is proposing to acquire for $64 million that part
      550 words
    • Article
      J Ballas & Co given go-ahead to join Simex as non-clearing member
      414 15  - J Ballas Co given go-ahead to join Simex as non-clearing member By MAGDALENE NG J BALLAS Co Re Ltd has become the fifth stockbroking firm to join the Singapore International Monetary Exchange Ltd (Simex) after being given in-principle approval to be a corporate nonclearing member. Managing director Freddy Lee says
      414 words
    • Article
      Trading in Tonhow and Bonvests suspended
      125 15 SHARES of Bonvests Holdings and Tonhow Industries were suspended from trading for a second time this month yesterday. sparking off market talk that Bonvests may have been given the green light to take over Tonhow. Sources say Bonvests may have received in-principle approval from
      125 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      114 15 umui HOLDings bgrhsd (Incorporated in Malaysia) INTEREST PAYMENT ON CONVERTIBLE UNSECURED LOAN STOCK 1988/92 The Board of Directors is pleased to announce the First interest payment for the period Bth January 1988 to 30th June 1988 on $72,276,697 10% Convertible Unsecured Loan Stock 1988/92, payable on 30th June 1988 to
      114 words
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      Page 15 Advertisements Column 2
      448 15 ISLAND PENINSULAR BERHAD (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 26th Annual General Meeting of the Company will be held at 2nd Floor, 24-31 Jalan 8/55 A, Taman Setiawangsa, ***** Kuala Lumpur on Monday, 27th June, 1988 at 10.00 am for the following
      448 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Domestic growth boosts Japanese corporate profits
      281 16 FT JAPANESE corporate profits are soaring as a result of a surge in domestic economic growth, product launches and the impact of cost-cutting programmes. Record annual results announced on Wednesday by Japan's top three companies highlight the strong performance of the country's companies in
      FT  -  281 words
    • Article
      Plantation counters lead advance in KL
      2628 16 PLANTATIONS and planta-tion-related counters led share prices to a higher close on the Kuala Lumpur stock market yesterday. Sentiment was buoyant as buyers continued to seek plantation stocks as well as counters which have plantation interests. The buying interest spilled over to other sectors.
      2,628 words
    • Article
      Shares edge lower
      1413 16 Hongkong HONGKONG share prices yesterday finished a dull and slow session slightly lower in the absence of any significant buying interest, brokers said. The Hang Seng Index fell 7.51 points to 2,520.49 and the Hongkong Index lost 4.71 points to 1,666.74. Turnover was HK5731.95 million against Wednesday's
      1,413 words
    • Article
      Lock icon Deadline set for GFW to divest
      113 16 Reuter THE NEW ZEALAND Commerce Commission has set a June 30 deadline for food group Goodman Fielder Wattie Ltd to divest itself of interests in three companies. GFW undertook last year to sell the interests as a condition for Commission approval of the merger
      Reuter  -  113 words
    • Article
      Lock icon Tokyo
      471 16 Reuter SHARE PRICES in Tokyo closed mixed yesterday due to continued investor unwillingness to take major positions while Wall Street remained lacklustre. brokers said. "Share prices there are still affected by fears of inflation," said chief fund manager Kaoru Shimura of Sumitomo Life Insurance Co. "Until New York shows
      Reuter  -  471 words
    • Article
      Lock icon Sydney
      418 16 Reuter A BULLISH reaction to the May mini-budget propelled the Australian share market to its fifth consecutive gain yesterday. At the close of trading, the All Ordinaries Index jumped 24.3 points to 1,513.7 a 56.5 pointgain since the beginning of the week. Brokers said investors were scrambling for leading
      Reuter  -  418 words
    • Article
      Lock icon Bangkok
      169 16 Reuter THE SECURITIES Exchange of Thailand Index lost 0.41 to 422.46 on a turnover of 2.087,722 shares worth 317.96 million baht. Reuter HAY M AKT Ao Kham Thai 256 2 Ayudhya Inyaatmant 400 unch Bangkok Agro-tnd paBank 130 325 -1 MnyKCw tMnR Bank 0» Ayudhya 360 -2 Charoong Thai
      Reuter  -  169 words
    • Article
      Taipei
      265 16 MAY n NT Kotin Kuochan Dav 44 80 56 50 1.2 1.5 All Smears Indus 457 -0 14 Laa Chang Yuan Cham Indus 57 00 1.5' S1 50 2 Lian Indus 66 00 0.5 -05 12 Nan Ys Pi as 75 00 ♦r Chang Hwa Bank 421 00 Pacific
      265 words
    • Article
      Manila
      78 16 pesos MAY 2t Oriental B Phil OvrtMS Phitax B 004 0034 0 40 -0 002 unch unch ***** -0 0006 Picop B -•-0001 pldt 176 unch Atlas Con B Bagmo Gold 23 50 -1 San Migual B 16S 0 022 unch Basic P«tro**um B«ngu«t Con B First Phil HkJgs
      78 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      1017 16 M anagers ust anage BT shows you how every Monday. On target, Chart Point every Saturday SECURITY PACIFIC CORPORATION AND SUBSIDIARIES (PRINCIPAL SUBSIDIARY: SECURITY PACIFIC NATIONAL BANK, 21 Collyer Quay «09-00, Singapore 0104) Consolidated Balance Sheet dollars in millions Assets Cash and due from banks Due from banks interest bearing
      1,017 words
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  • WORLD MARKETS
    • Article
      Lock icon Blue chips slide on late selling
      996 17 New York Reuter A LATE ROUND of futures-related selling on Wall Street sent blue chips sliding on Wednesday as the market finished mixed with advancing issues leading decliners. Traders said worries over an expected upward revision in US first quarter gross national product also
      Reuter  -  996 words
    • Article
      Lock icon Stocks weaken in early trading
      1029 17 London Reuter LONDON shares opened dull yesterday with market makers pushing down prices after undecided performances on Wall Street and in Tokyo overnight. Dealers said they saw some profit-tak-ing after the recent two-day advance. By 0928 GMT, the FTSE 100 index was down 4.6 points
      Reuter  -  1,029 words
    • Article
      Untitled
      1234 17 Selected indices HONGKONG All Industrials Hongkong Index Thursday Wednesday 2.4188 2.3708 Thursdoy 1,666 74 Week ogo 2.3239 Wednesday 1.671 45 Week ago 1.655 54 NEW YORK Hang Seng Index Dow Jones Thursday 2.520 49 Wednesday 1.961 37 Wednesday 2.***** Tuesday 1.***** Week ogo 2.506 76 Week ogo 1.951 09 TOKYO
      1,234 words
    • Article
      Lock icon Icahn makes US$13b bid for Texaco
      80 17 AFP CORPORATE RAIDER Carl Icahn mounted America's biggest-ever takeover bid on Wednesday by offering U5513.68 billion in cash for the financially-troubled Texaco. The bid was announced just after Texaco management ended talks with Mr Icahn on a possible restructuring of the oil giant following
      AFP  -  80 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      678 17 NOTICES COMPANIES ACT. CAP. SO IMPACT INDUSTRIES (SINGAPORE) PTE LTD SPECIAL RESOLUTIONS Passed on the 25th day of May 1988 The following Special Resolution was passed on 25 May 1968: "That Impact Industries (Singapore) Pte Ltd be wound up voluntarily pursuant to Section 290(l)(b) of the Companies Act. Cap. 50
      678 words
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      Page 17 Advertisements Column 2
      763 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 SEOW PENG LXAN TRADING PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of SEOW PENG LI AN TRADING PTE LTD duly convened and held at Blk 345 Jurong Blast Street 31 #01-09 Singapore 2260 on the
      763 words
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      Page 17 Advertisements Column 3
      808 17 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF PRIVATE LIMITED (In Member! Voluntary Winding-Up) Alan Extraordinary General Meeting ol the ebovenamed company duly oonvanad and hatd at 101-A Upper Croat Street, *11-22. People's Park Centre. Singapore 0106 on Wadnaaday. the 10th day ol May
      808 words
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      Page 17 Advertisements Column 4
      622 17 IN THE MATTER OF THE COMPANIES ACT, Cap. SO AND IN THE MATTER OP CONCORD LIGHTING (S) PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE is hereby riven. In pursuance of Section 906 of the Companies Act. Cap. 50. that the FINAL GENERAL MEETING of the members of the
      622 words
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      Page 17 Advertisements Column 5
      760 17 In the Matter of Hm Companies Act, Cap. 50 and In the Matter of HAVFUGL SHIPPING PTE. LTD. Notice of Resolution* for Member*' Voluntary Winding Up (Pursuant to Section MO) At an Extraordinary General Meeting of the members of HAVFUGL SHIPING PTE. LTD. duly convened and held on Monday 23
      760 words
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  • Article
    Singapore given low rating in civil liberties
    617 18  -  US group based judging on American values: MP f ossaaaiDeo By ANNA TEO SINGAPORE falls behind most of its East Asian neighbours in political and civil liberties, according to an American human rights group. New York-based Freedom House, in fact, rates the Philippines'
    617 words
  • Article, Illustration
    Call to let Hendrickson matter rest
    476 18  -  By MARTIN SOONG A MORE CONCILIATORY tone towards the United States dominated Parliament yesterday. Washington, meanwhile, again denied Singapore's charges of tfiree US officials' attempts to influence local politics and warned that continued allegations would further damage bilateral ties. Foreign Minister S DhanabaJan, speaking
    476 words
  • Article
    Washington lashes out at Singapore
    288 18 WASHINGTON has lashed out at Singapore for continuing its campaign of public charges against three US officials, and warned that continued attacks could damage relations between the two countries. In a strongly-worded statement yesterday, US State Department spokesman Charles Redman said attacks on the intentions
    288 words
  • Article
    Lock icon Institute predicts lower economic growth rate for South Korea
    482 18 AFP Reuter CITING labour disputes and a slowdown in exports, the Korea Development Institute yesterday projected that South Korea's economic growth rate and trade surplus this year would fall below last year's levels. The government-financed institute said in Seoul that the
    AFP; Reuter  -  482 words
  • Article, Illustration
    True blue die-hards
    102 18 ALL TRUE BLUE Yuppies appreciate quality. They work hard for their money and they like to buy classic beautiful things that last, believes Sior Pendle, the man behind Dunhill Holdings. Over the years, the very British Dunhill brand has been quietly but steadily cultivating a younger, brighter,
    102 words
  • Article
    That sentimental feeling in stocks
    61 18 INVESTORS SHOULD PAY a lot of attention to investment basics before picking a stock: price-earnings ratio, dividend yields, net tangible assets. Without these yardsticks, the average investor is working in the dark. More importantly, how the market actually perceives the fundamentals is crucial. Beginner s
    61 words
  • Article
    Wine notes, a 'pick-up' guide, first loves and heady discoveries
    47 18 A NEW WINE COLUMN begins in LN—tyb this week. The focus: wonderful champagne. Our Men column shares pick-up tips and a bookworm considers a smitten case of First Loves, Singapore's enduring best-sell-er. Elsewhere, one traveller's Himalayan tale.
    47 words
  • Article
    Lock icon Taiwan's GNP expected to grow by 7.02pc this year
    251 18 AFP TAIWAN'S gross national product will grow by 7.02 per cent this calendar year while the inflation rate will inch up to 0.98 per cent from last year's 0.52 per cent, an official statistics body forecast yesterday. The Directorate General of
    AFP  -  251 words
  • Article
    Lock icon Comex gold and silver
    82 18 Reuter COMEX GOLD futures lost moderate ground yesterday following the larger-than-expected downward adjustment in the implicit price deflator in the morning s revision of the US first quarter GNP figure. June gold lost US$l.5O at U*****.30 an ounce, which took out Wednesday's low of U*****.80. Silver
    Reuter  -  82 words
  • LATE FILE
    • Article
      Lock icon Call to end US base deal
      57 18 Reuter THE SENATE Foreign Relations Committee urged President Corazon Aquino yesterday to tell Washington that Manila intended to end the agreement permitting US military bases in tfie Philippines. The committee resolution passed without debate, was approved one day after the Senate passed a bill
      Reuter  -  57 words
    • Article
      Lock icon US complaint against Japan
      38 18 AP US TRADE Representative Clayton Yeutter has announced that he has accepted a Florida citrus Industry petition for s formal investigation of Japanese restrictions on orange and Juice imports as unfair trade practices AP
      AP  -  38 words
    • Article
      Lock icon EC tax on computers
      35 18 Reuter THE European Community yesterday imposed special import duties of up to 33.4 per cent on Japenese computer printers, saying they were being dumped at unfairly low prices on EC markets.
      Reuter  -  35 words
    • Article
      Lock icon Norway may sell oil fields
      33 18 Reuter NORWAY, Western Europe's biggest oil producer after Britain, is considering setting major government stakes In its North Sea oil fields la International firms, government sources said yesterday.
      Reuter  -  33 words
    • Article
      Lock icon Call to refuse aid for Vietnam
      34 18 UPI PRINCE Norodom Sihanouk, president of the Cambodian resistance coalition government has asked the world community to refuse humanitarian assistance to Vietnam which is feeing serious famine. UPI
      UPI  -  34 words
    • Article
      Lock icon Student protest in South Korea
      32 18 AP SOUTH KOREAN students hurling firebombs and rooks attacked an American bank yesterday as Prime Minislar Lee Hyun-Jai ordered a crackdown on anti-American protests by radical students.
      AP  -  32 words
    • Article
      Lock icon Soviet troops in Afghanistan
      35 18 AFP THE Soviet Union had a total of 100,300 troop* in Afghanistan before it began its withdrawal last May 15, armed forces chief of staff Marshal Serguei Akhromeyev said yesterday. AFP
      AFP  -  35 words
    • Article
      Lock icon Chinese army short of recruits
      32 18 UPI CHINA'S military is suffering a recruitment slump among young men unwilling to abandon more comfortable or lucrative civilian pursufto, the official army newspaper said yesterday. UPI
      UPI  -  32 words
  • Article
    Lock icon Japan set for futures trading
    252 18 AFP JAPAN IS set to launch indexfutures trading by July and a full-fledged futures market by the summer of 1989 following the approval of key legislation in Tokyo, financial sources said yesterday. The Diet (Parliament) on Wednesday passed a new law allowing futures trading in
    AFP  -  252 words
  • Article
    Lock icon Ex-Malaysian minister recommended for expulsion from Barisan Nasional
    279 18 Bernama MALAYSIA'S former Foreign Minister Datuk Rais Yatim and two Negeri Sembilan state assemblymen will be recommended for expulsion from the garisan Nasional, according to Menteri Besar Datuk Haji Mohamad Isa Abdul Samad in Seremban. Datuk Rais is the MP for Jelebu
    Bernama  -  279 words
  • Article
    Lock icon Sihanouk agrees to meet Asean ministers
    134 18 AP CAMBODIAN resistance leader Prince Norodom Sihanouk has accepted an invitation to meet South-east Asian foreign ministers during their annual meeting in July. A spokesman of the prince, Roland Eng, said yesterday Prince Sihanouk and his son and personal representative, Prince Norodom Ranariddh, would
    AP  -  134 words
  • Article
    Lock icon Suharto calls on Opec to observe quota discipline
    256 18 AP PRESIDENT SUHARTO of Indonesia yesterday called on all members of the Organisation of Petroleum Exporting Countries to adhere to the cartel's production quotas in order to shore up oil prices, according to an Indonesian minister. Mines and Energy Minister Qinanjar Kartasasmita
    AP  -  256 words
  • Article
    Lock icon Japan's factory output dropped in April
    244 18 Reuter BOOMING Japan may be heading for slower economic growth after industrial production declined in April for the first time in nearly a year, economists in Tokyo say. Japan reported yesterday a seasonally-adjusted 0.9-per-cent decline in output at its factories, the first drop since
    Reuter  -  244 words
  • Article
    Lock icon Reagan prepares in seclusion for summit
    399 18 Reuter PRESIDENT REAGAN was closeted in a seaside government guesthouse in Helsinki yesterday, preparing (or the Moscow summit as the White House sought to determine how many meetings he would have with Soviet leader Mikhail Gorbachev. US officials had initially believed Mr Reagan and
    Reuter  -  399 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      13 18 Japan will soon faca Inflation, Paga 4 Ready for fifth summit, Pag* 5
      13 words
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      Page 18 Advertisements Column 2
      104 18 you owe it to yourself.. i Your family's happiness in Singapore will be determined by the environment in which they live. That's why you owe it to yourself to check out Ardmore Park. School buses call at the gate... there is aerobics, squash, tennis, swimming, chip and putt and special
      104 words
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  • SHIPPING TIMES
    • Article
      Lock icon Court orders MarAd to return US$142m
      222 19 Seatrade Week A UNITED STATES district court judge has ruled that the Maritime Administration must kick four tankers out of the domestic trades and pay back US$l42 million in repaid subsidies. The decision stems from a role MarAd was forced to revise a year
      Seatrade Week  -  222 words
    • Article
      Anera introduces sworn measurement scheme
      300 19  -  By JUNE LIM THE ASIA North America Eastbound Rate Agreement has introduced a sworn measurement scheme to check under declaration by shippers. The 13-member grouping of shipping lines covering the Asia-North America trade has employed Shin Nihon Kentei Kyokai to carry out spot checks of
      300 words
    • Article
      Barrier Reef plans A$100m floating hotel in Caribbean
      203 19  -  From KINGSLEY WOOD BARRIER Reef Holdings Ltd, which developed the world's first floating hotel off the Queensland coast, is planning a AJIOO million structure in the Caribbean. The company has not named the location or the Caribbean government with which it is
      203 words
    • PORTSIDES
      • Article
        First batch off trainees on Filipinas
        116 19 THE Filipinas, a 28,000-dwt training ahip cum bulk carrier, has taken on its first batch ot trainees after extensive refurbishing. Sixty cadets in deck and engine will undertake a 12 to 18 month training course in preparation for their examinations. Another 60 are awaiting
        116 words
      • Article
        Lock icon Soviet liner will be towed home
        233 19 AFP A SOVIET tug boat has arrived in Japan to tow home the Soviet passenger liner Priamuara which was gutted in a fire on May 18 which killed 11 people and injured 35, port authorities said. The 32-crew tug boat, the Irbis, is likely
        AFP  -  233 words
      • Article
        P & O doubles Dover tailings
        72 19 P O doubles Dover tailings P O European Ferries has announced a new timetable which doubles the number of sailings on the Dover-Calais route. The timetable follows the reintroduction into service of the company's freight ships, the 3,334 tons gross European Clearway and 3,367 tons European Endeavour. The move was
        72 words
    • Article
      Lock icon Tanker collision: 20 feared dead after vessel sinks
      172 20 Reuter MORE THAN 20 seamen are feared dead after their Taiwan-registered tanker sank in the Indian Ocean following a collision with a Norwegian vessel, shipping sources said. Klaus Morch, of shipowners Anders Wilhelmsen, said the King Hong 11 sank after colliding with
      Reuter  -  172 words
    • Article
      Lock icon Swedish Club plans to offer one-stop insurance
      294 20 Lloyd's List A MOVE towards one-stop marine insurance buying is being considered by the Scandinavian mutual, the Swedish Club. A plan to offer a single policy that will provide shipowners with hull, war risk and protection and indemnity cover on the one document
      Lloyd's List  -  294 words
    • Article
      Lock icon Bombay port traffic hits all-time high of 29m dwt
      391 20 Fairplay IN THE YEAR ended March 31, 1968, Bombay port achieved an all-time high in three sectors, namely, cargo traffic handling, container handling and Inland Container Depot (ICD) container handling. Announcing these achievements, Mr Ramamoorthi. chairman, Bombay Port Trust said that
      Fairplay  -  391 words
    • Article
      INDEX TO ADVERTISERS
      1001 20 AB Shpg V s AtC Contotnor a 1 Accord Shpg VI 9 Ahronkiol Imor n 3 Africa Ocoon XI 2 Alltront V* 3 AC Toopfer XI 5 Amo'icon Tpt 1 4/5 Anro Sorvico IV 2/3 Arrow I mot a s Awon Ocoon n 4 Alloc Cornogo XI
      1,001 words
    • Article
      Lock icon Triton to expand box fleet
      151 20 International Transport Journal TRITON Container International. based in San Francisco, plans to expand its container fleet this year. By the end of the year the current level of 130,000 TEU should be increased by an additional 30,000 TEU. Orders for these new units have been
      International Transport Journal  -  151 words
    • Article
      New navigator from Furuno
      101 20 A NEW self-contained GP-300 navigator which uses the Global Positioning System (GPS), an all-weather, real-time navigation system, is to be introduced by Furuno UK of Southsea, Hampshire. The GP-300 for the present part-time sate I- lite coverage by utilising a hybrid system of navigation. In this
      101 words
    • Article
      Lock icon Three killed by poisonous gas
      184 20 AFP THREE Israeli longshoremen were killed when poisonous gas streamed into the hull of a Belgian coal ship they were cleaning. One dock worker was seriously injured in the accident in the Port of Hadera, 49km north of Tel Aviv. The Energy Ministry appointed a
      AFP  -  184 words
    • Article, Illustration
      Clearing the hurdles
      1350 21  -  Within a short period, Keppel has made its mark in the Philippine marine industry. With yards in Cebu and Batangas it is now a market leader in the repair of inter-island vessels. JUNE LIM speaks to yard executives on the problems and potentials of Keppel's venture in
      1,350 words
    • Article
      SHIPPING LIST where your ships are due...and when
      8285 26 aoaßGmß 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
      8,285 words
    • Article
      Who acts for whom...
      2069 28 At—B AS Shipping Boustead Shpg Agencies ABC Containertine NV S port Shpg (S) Accord Shpg Accord Shpg (S) Africa Ocean Linee Sealion Shpg (S) Alirenkiei Liner Kim Shpg (S) Alfred C Toepter Oceanus Shipping Agencies Multiport Sdn Bhd (PK) AlMrans Alltrana Express American President Lines APL
      2,069 words
    • Article
      LONDON FREIGHTS
      1400 28 FURTHER easiness for grain fixing out of the US featured the freight market on Wednesday together with active time-char-ter business, shipbrokers sdaid. A grain vessel was said to have been secured for a voyage from the Gulf to Taiwan at US$22 80 compared with $24 25 paid last
      1,400 words
    • Article
      Lock icon Japanese lines press for foreign crew on ships
      471 30 Reuter JAPAN'S shipping industry, loaded down by high manning costs, a buoyant yen and tow freight rates, is stepping up pressure on the government to scrap laws that forbid the use of foreign seamen on Japa-nese-flag ships. "Mixed-manning is crucial for Japanese
      Reuter  -  471 words
    • Article
      Aussie farmer group waiting for a big 'showdown' with waterfront unions
      305 30  -  From I Kingsley Wood THE WATERFRONT industries were the "garbage on the nation's doorstep" with industrial disputes and overcharging costing each Australian farmer around A 53,000 a year. This parting shot by lan McLachlan marked the end of his
      305 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      761 19 \WU/ OftJENT OVEfQEAS Go*tcum\ LINE MROINE SHIPPING ACENCItS (Rej No *****4/ 00K) 200 Cantonment Road #12-05 Souttipoint. Sinfaport 0208 TH *****11 TELEX NO RS ***** TERMINAL CFS TH *****11 220 BOOKINGS Tel *****34 235 PCSAKA JARDINE SHIPPING AGENCIES SON BHD PORT KELANG TEL 36*4118 Tele. No MA*****/MA***** PENAN6 TEL *****4
      761 words
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      Page 19 Advertisements Column 2
      121 19 A MOVE towards one-stop marine insurance buying is being considered by the Scandinavian mutual, the Swedish Club. Page II THIRTEEN years ago Keppel Shipyard took a stake in the Philippines. Together with some Filipino nationals it established a yard in Batangas under the masthead of Keppel Philippines Shipyard, Inc. It
      121 words
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      Page 19 Advertisements Column 3
      646 19 =`*&{/](*`>;|+@'@)|_"|&'.-`],@" MAERSK LINE MAERSK LINE FIRST CARRIER TO RUN DOUBLE-STACK TRAIN TO CANADA SIN/TORONTO: 23 DAYS!! To turop#* UK Scandinavia F<nland Th« <*«•* Ajcel M Closing Time Cr 1/8 2300 HRS CFS 1* 1300 MRS AXEL M M TOKYO LUNA M ARTHUR M «WA M ACOUA This »n* Anl M
      646 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      644 20 LLOYD'S LIST The International Daily Newspaper for Shipping, Insurance, Trade and Finance. Enquiries call: Changi International Distribution Service* Pte. Ltd. Tel No: *****53 (6 lines) u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT LARGS BAY 09/544 30/5 1/6 io/o w* HONG KONG EXPRESS 83/546 4/6 6/6 22/6 24/6 26/6 27/6 CARDIGAN BAY
      644 words
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      Page 20 Advertisements Column 2
      17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
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      Page 20 Advertisements Column 3
      537 20 C SAV Ci.» Suci*'"*'' r.c.ir.tc-* '..Jeer-", S TO/FROM FUDE* VESSEL SPORE MOTMU VESSEL HK CSAV 1 M A VESSEL 14* CSAV 2 CAR CARRIER CSAV 3 17* B VESSEL 24* ARICA IQQ ANTOFVALP SAI I* 11* mt 4* 2* an wl CARGO FOR PUNT A ARENAS. TALCANUANO (SAN VICENTE) ACCEPTED
      537 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      975 21 The Straits Steamship Group Mansfield Container Shipping Pte Ltd tot P&O Containers CONTAINERS** SERVICE TO UK/CONTMENT: STRAITS SHIPPING Singapore to Satah, Sarawak, Brunei Pods and Bangkok 1 CONTAINERSHIP SERVICES TO/FROM BANGKOK SPORE B'KOK PEGASUS PROGRESS VSIIN 01« Jun 04-05 Jun PEGASUS PROGRESS VSI2N 10-11 Jimi 13-14 Jun BAN6KOK BORNEO AGENCIES
      975 words
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      Page 21 Advertisements Column 2
      642 21 EUROPE is.oo 17.00 0117 lI.M 03 J7 NJ7 23 07 W 111 Off 111 «F II! Mm u j.}i*} m<i mi SENATOR LINK JAPAN SENATOR ENNOPEAN SENATOi DUTCH SENATOR TOKYO SEN NEW YOK SEN |EF 111 00.07 Ef IU 1n.17 07 07 21.17 Iff 113 26.00 LOAD 2207 VESSEL JAPAN
      642 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      399 22 mSINOSE MARITIME PTE LTD El ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN TAKHTI IRAN VAHDAT Singapore 1/6 30/s Loading for:BANDAR ABBAS BANDAR ABBAS JAPAN/KOREA SERVICE Singapore 7* Loading forJAPAN. KOREA KYOWA LINE PWG/8. PACIFIC SERVICE Singapore Loading for: A VESSEL 15/6 LAE, PMB, RBL, HRA MICRONESIA SERVICE HK
      399 words
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      Page 22 Advertisements Column 2
      796 22 W JC.S.LINE jraMii uutfmt ciwrm FULLY CONTAINERISED SERVICE TO I UROPi VIA SUt/ A Mcmhe. ot the Ace Conso't' •FDR/WOTHER VESSEL KCM 36E/KOREAN WONIS ONE 7* KCH 36E/MANJIN POHANC 79E ACD 14C/KOREAN WONIS SEVEN SIE ACO 14E/HANJIN SEOUL ME OCH ME/PACIFIC PROSPERITY IK OCH SSE/HANJIN KUNSAN 32E TWB 42E/HANJIN KWANGYANC
      796 words
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      Page 22 Advertisements Column 3
      246 22 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY ft MADRAS: fta 5/6 EURO-AFRICA SERVICES FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANQER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ft ISTANBUL U.S.A. SIN PORT MORESBY, RABUAL, LAE 6/6 MADANG NEW CALEDONIA A FUI ISLANDS SIN NOUMEA SUVA/LAUTOKA 29/6
      246 words
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      Page 22 Advertisements Column 4
      1027 22 m EVERGREEN r ull Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GAINING EVER GUEST EVER GROUP EVER OVEN EVER GROWTH SGP HKC KSC KIG PUS OSK TYO KSN CMS BAL NYC LHV AMI RDM FIX HBC SCP 44 *5 124 2/7 5/7 in 1/7vp w r" J*7 W 5 44
      1,027 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      778 23 w PACIFIC INTERNATIONAL LINES PIL Building. 140 Cecil Street. 03-00 •Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE SIN SBY SMG SIN •LD SLD SLO 31/S 7*15 2M 4/9 7 /9 4/S 9/9 13/9 1M 1M 1M 21/6 SEA FORTUNE Bm HAWK DRAGON MUA^AHIT
      778 words
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      Page 23 Advertisements Column 2
      544 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT r 3tn Exprm M U«r<u 21* m EXPRESS CONTAINER SERVICE FROM UK/CONTINENT "HAVEN *MM HAVRE STON MUANC SPORE Csr+t*, fay SwM SaiM S.M SaiM SwM 2*5 JM Mmw Mm SwM SwM SwM SuM SwM 2* Tate Enriu SwM SwM SwM SwM SwM
      544 words
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      Page 23 Advertisements Column 3
      482 23 ff DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESUM LLOYD P.T. SAMUOEIA IWOHESIA P.T. THKORA LLOYB EXPRESS SEMI CQNTAINERSRIP SERVICES VSL/VOY PALEMBANG/9WB MATARAM/21WB S. PANJANG/19WB 13-16/6 3*3/7 BILBAO ANTWERP H'BURG/ R DAM/ADAM BREMEN >yb|«cl to Induciwwt A too ■ccapMog cargo to C—Mww, Port SaM, Port Alexandria, Oanoa,
      482 words
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      Page 23 Advertisements Column 4
      404 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CMMMTIBM (Burmese National Line) Loading for Rangoon S pore P.Kelang Penang Bangkok 1/5 Jun 25 toy/1 Jim II Hay/2 Jun V* Jun 1/2 Jun BANK LINE mmnußr NORTHBOUND TO UKC SPORE RDAM HULL HMBG MORAYBANK VSN 10/6 6/7 14/7 10/7 CLYDEBANK V23N 29/6
      404 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      944 24 Q K LINE KAWASAKI KISEN KAISHA, LTD. N. AMERICA-ATLANTIC COAST ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE VOY *INDO 9 30/5 13 6/6 9 13 19/6 •PK/PNG SGP ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE •PK/PNG *INDO 5/6 6/6 12/6 14/6 19/6 11/6 25/6 26/6 HONGKONG CONTIANER KOREAN
      944 words
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      Page 24 Advertisements Column 2
      540 24 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contains* INDIA/JAPAN/INDIA SERVICE ActipinQ FCL Cortiloifl ind Convtnttontl Chqo Atoo icctptt Mntala ft Steal Products Support P Kolar* Ponan| LMknf lor. ARUNACNAL PtAOESH V.O 27 May Koto 1 0 MANIPUR V X 15 June Kata/Vokah ITALY/MEDITERRANEAN SERVICE AcopMng Tlwtf/Bmtbuft also FCL Container* Alt* Triaote
      540 words
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      Page 24 Advertisements Column 3
      577 24 GOLDEN LINE Wre tV. GUMt GUAN SWPING (Pit) UD 1' V B. T*M Avar Ur—i V- SINGAPORE 01M TEL U4MI (10 LINES) Fu SJOSH STRAITS/PERSIAN GULF SERVICE: Sport PKrtanf Penanj GOLDEN BEAR Cotomto/KaradN/Outei 21/29 May GOLDEN HARVEST CotanboKarachi/Dub* VI Jun# CHINA SERVICE KAI TUN SHAN Xiaman Shanghai 6/7 Juot A
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      Page 24 Advertisements Column 4
      466 24 p PHIU OnifNT LINCS PT( LTD HEAO OFFICE 63 ROHNSON ROAD -C 7 12 AFRO ASIA BUILDING SINGAPORE GICS TEtE* RS ***** PHILI FA* 2255*76 EAST/FAR EAST FCL i LCL ETA SINGAPORE DESTINATION r —Twrl ais, m M rrr W7 JEDDAH (LCL) r'i nißmi lUILIjWJAW'A NEW GENLORD II TTTWTTTrTTf JT7I
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      680 25 NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE. LTD. Iwwral Enqutrtoo: T«fc I7IHTT antfopi CFS BOOKII P Kalanf NEPLINE SON. BHD. MM K Lumpur NEPLINE SON. BHD. MMBD Pananf NEPLINE SON. BHD. lOBVI j.bhru NEPLINE SON. BHD. zmm Ft lU/AUST TPA/SEA >: *****S CTBfl 2798U1 vm» 27mui rfmm innardwutnard enquiries wm
      680 words
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      Page 25 Advertisements Column 2
      429 25 HEUNG-A SHIPPING Korean Flag Vessels DO**M SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG. BUSAN INCHON BTWAITB/KOWEA i WEF JUNE: 1) BUSAN I SINGAPORE 2) 10 DAYS SERVICE !t SINGAPORE/ KEELUNG SERVICE!! VMMI's Nimt ETD BS No I DonamAOlN ll&> No I Oontm/lOSN IM2S "Gloria MSN IVOS No 9 Oonam/MSN OMX
      429 words
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      Page 25 Advertisements Column 3
      639 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD 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 HA I THONG SHIPPING 127 Penaof Street
      639 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      376 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 <30 Lines' FAX *****39 *****T6 TELEX RS ***** A B SSCMA RS ***** A B SSCAD Vtß DE UTF R ACHT/SE EREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE RUHLAND 4/M WILHELM PIECK 4«|lS* |22* I 4/7 RUEBELAND s*l B9* k 16/7
      376 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      163 26 m Regional Weather a t -v I TA Va S8 5S IP 3 t* 5 C yA cr'" 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 Weather ✓V Wind direction with speed in knots V
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      409 27 FARGO SHIPPING COMPANY(PTE)LTD. WjT 1 No 15 Hoe Chiang Road #13-02 Sanford Building. Singapore 0208 Tel *****22 Tlx ***** FASCO #>< ABC CONTAINERIZE N.V. hit—-■ nr—Mr—ir TO AUSTRALIA/NEW ZEALAND VS. EIIm Hu*f 201 I»5 I W 1M 7(7 W 1* DATS TO SYDNEY Alto accepting cargo to:AUSTRAIIA —Adelaide, Brisbane NEW
      409 words
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      Page 27 Advertisements Column 2
      214 27 CSP SHIPPING AGENCIES PTE. LTfl. *****66 (16 Linos) Fa* *****15 \\CSP\CS LCL FIXED TWICE WEEKLY CONSOL man CHINA, HONG KONG, BANGKOK. KHLUM, KAOSHRMG, KOBE, MANILA. BUM* INCHON, TOKYO, YOKOHAMA, OSAKA, COLOMBO, CALCUTTA, FELIXSTOWE, HAMBURG, BOMBAY, SYDNEY, MOB, KARACHI, CHITTAGONG, LEGHORN. JAKARTA. NAGOYA, GOTHERBURG. ALL EUROPE BASE PORTS ALL USA PORTS
      214 words
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      Page 27 Advertisements Column 3
      1289 27 mm xa AT CONVENTIONAL WHARVES Crystal tot* l«o 101 Singo Soo SPC JO Wdiyo Joyo W Eyor Sturdy Hua Loong Ptoy So" SooM«>o Toning MARINA WHARVES Mohkota Express Son So-udro BEMBAWANQ lo'»OvO' SCHEDULED TO KEPPEL WHARVEB Boiony Triton Ko Hong Koto Eip>ra Nod Sontos To-o* Sotu PABIR PANJANG N«go 22
      1,289 words
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      Page 27 Advertisements Column 4
      183 27 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. Q IRAQI LINE IRAQI STATE ENTERPRISE FOR MARITIME TRANSPORT WEST BOUND SERVICE M *o*o BALQEES MV BABYLON ETA S'PORE In Port W THROUGH B/U to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS OPTO AQABA BAGHDAD REEFER SPACE AVAILABLE UPTO AOABA LOADING CONTAINERS/CONVENTIONAL CGO FOR MAIN
      183 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      615 28 m FINE-LINER SHIPPING PTE LTD 70 Shpnton A i', 04 07C Mmni House S {X'"* TEI I ines) TIX RS 2?WI rLINER fA X ?>b.W ivy t I EE IfTTnT TM I 2* IIM FAR EAST SERVICE imm Hamburg West Germany Tiger Line BEN LINE AGENCIES (S) PTE. LTD. Telephone:
      615 words
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      Page 28 Advertisements Column 2
      457 28 ZIM FULL CONTAINER SERVICE accepting FCL/LCL cariost to USA East t West Coast Carribbean.Eatt Canada. HAITI Costa Rita El Salvador. Guattmala. Honduras. Vanczuola. Peru Ecuador. Colombia via Miami. Trimdad. Barbados Antigua. St Lucia. Montsarrat. Guayana via Kingston 13Z3 Z3E3E288 Zuß ZXB aSM ZZM AUSTRALIA CONTAINER SERVICE ACCEPTING CARGO TO ADELAIDE
      457 words
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      489 28 Everett Lines! COMPA.NIA PERUANA DE VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHER Mtill jMtlkliilM \iJ jo L 3.1V11/1 I'i CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Pananf* P. Ktlanf* Stnfapof* HUGHEVERETT J/7 Jun MANOLOEVERETT it/17 Jgn JOHNEVERETT f/7 Jul ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN
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      326 29 Seabrfdgfe INTERCONTINENTAL LINE General/Markeong Agents: SEABRIDGE TRANSPORT SINGAPORE MALAYSIA (A mooter of the JEURO GROUP of COMPANIES. Japan) Singapore. *****11 Tlx: R*****1 SEAAIR Fax: *****80 Warehouee at PSA Mutt Moray Complex: *****08 Malaysia: *****33 Tlx: MA***** Fax: *****68 'CONSOLIDATIONSCO LOADING WEEKLY FROM Singapore Port KeUog Penang UK/EUROPE: FAR EAST United
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      232 29 v Consolidation Service NEW CALEDONIA TAHITI SIN 6/6, 1/6 NOUMEA 7/7 PAPEETE 15/7 MAURITIUS REUNION ISLAND SIN 29/6, 3/6 PORT LOUIS 13/6 REUNION 9/6 FRANCE SIN 3/6 MARSEILLE 19/6 LE HAVRE 3/7 TRANSTAINERS DBMASVKURJX WEST AFRICA SERVICE CASABLANCA/NOUAKCHOTT/DAKAR/BANJUL/ CONAKRY/COTONOU/LIBREVILLE/ P. NOI RE/MATADI Thru direct B/L to BAMAKO/NIAMEY/ OUAGADOUGOU/BANGUI/KINSHASA TTA Freight
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      351 29 LCL/FCL SERVICE JENWEL V7IN VESSEL TBN S PORE HKG 24/6 27/6 mivu LUCKY SEAWAY SERVICES PTE LTD Tlx: ***** Fa*: *****77 ANLUJIANC FUPING S.E.ASIA/CHINA SERVICES SOP PKLANG PNC FOR Sid SHANGHAI 6/6 SHANGHAI COLOMBO SERVICE TO/FROM SGP PKLANG PNC COLOMBO TBN 10/6 ARABIAN GULF SERVICE KTN SGP PKLANG FOR TBN
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      562 29 GLORY NAVIGATION GROOP TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* SP PKL PN BIN MOM GLORY SELATAN VI 1« 21/5 GLORY SELATAN VIII V.7« SLD 30/5 GLORY SELATAN VII V.«l 2«/5 30/5 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON
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      298 29 PTC CONTAINER LINES FCL LCI SERVICE PTC ChAJUP mi 'Mm 6/6 SYD/MELB/ADEL/FREM 4/6 AUCKLAND/WELLINGTON S!fi PAPU HEW CRIMEA 6/6 P. MORESBY/RABUAL/LAE 8/6 BOMBAY/MADRAS/CALCUTTA 8/6 COLOMBO 8/6 KARACHI C/CJ CARGO IN CONTAINER CO LTD FULLY CONTAINERISED/RO-RO VESSEL. HAIRATAN/KABUL/TOURGHUNDI WORLD FREIGHT SERVICES LTD International NVOCC Container Liner Weekly Service To and From
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      329 30 at Hai Sun Hup Co (Pte) Ltd TF t ??01<t0h l? 0 I in»>si TLX MS .'.'(it,! RS ?067? t \s I I K k I I\ I l\ III) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFT! 7/7 23/7 21/7 4/7 Yokohama 11/6 Nagoya 16/6 Osaka Senbofcu Moji
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      287 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE r-rw\i .ir NED DO IMA VU2 Wfi B. SUHIA V 172 W SELANOtA VIS 13ft i Mrvinf Halifax, Montreal, folk, Savanna W. MJERMEC ATI. STUTTGART EXP. ul PUSSELPORF IXP. IS! into. New York, Baltimore, Part Da Franco, PoliH i Cruz. Mexico City
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      144 30 r < J&. ra«a;i=*../:«ii crl St. LCL Acceptance ROTTERDAM Closing 1/6 Noon l REGULAR TSR SERVICE TO KABUL/HAIRATON/ I TOR6/IRAN/E.BLOC WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES „mi m m m in Tel: *****88 (8 Lines) Tlx: RS ***** SEAFIX INDONESIA/JAPAN SERVICE SPORE PBARU PTK B>M LOADING
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      886 30 Bfflh CALL US AT: 1 P. KELANG r PENANG F J. bahru P. GUDANG SINGAPORE K. LUMPUR **********7111 '04-*****2/4, €27) 04-*****2/4, *****3 •07-***** •07-*****3, *****5, *****0, *****1 •02-*****22 *****88 [WEEKLY FAR EAST/EUROPE CONTAINER SERVICE *****3 2ZE3 BUTANC 451 TO EUROPE FEEDER B. BUTANC 447 SINGAPORE *85 M.M OTHER DESTINATIONS AARMUS,
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