The Business Times, 30 May 1988
1988-05-30
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The Business Times
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Title Section11 1988-05-30 1 BUSINESS TIMES MCI (P) 95/12/87 MONDAY, MAY 30, 1988 75 CENTS11 words
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658 1988-05-30 1 ALAN LEE - REVISION BASED ON ROBUST FIRST QUARTER GROWTH By ALAN LEE LEADING BRITISH investment house James Capel has forecast a real GDP growth of 7.5 per cent for Singapore this year, 2 per cent higher than an earlier forecast of 5.5 per cent658 words
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359 1988-05-30 1 Reuter PRESIDENT REAGAN and Soviet leader Mikhail Gorbachev kicked off the Moscow summit yesterday with an exchange of Russian proverbs that appeared heavy with symbolic meaning for their five-day meeting. At a Kremlin ceremony, Mr Gorbachev and Mr ReaganReuter - 359 words
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501 1988-05-30 1 Reuter MAYBE they were feeling guilty about soaking up the sun at their banks' expense, but the world's foreign exchange dealers last week ended an annual convention held in Hawaii agreeing that they were going to have to workReuter - 501 words
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444 1988-05-30 1 WILLIAM CHIA - By WILLIAM CHIA A WEST GERMAN firm is suing the Export Credit Insurance Corporation of Singapore in a case which could set a legal precedent. Hildebrand, a company selling woodworking machinery and plant, is suing Ecics for not settling a claim arising444 words
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118 1988-05-30 1 AFP THE PHILIPPINE government is to make a study on the rise of mental disorders among Filipinos who had worked abroad, a Labour Department agency said yesterday. The department's Overseas Workers Welfare Administration study, to begin in September, seeks to determine theAFP - 118 words
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Article125 1988-05-30 1 Reuter HONGKONG punters bet a record HK$734 million on the final day of the 1987-88 horse racing season, more than HK$l46 million above the record set last year. The last race alone at the Shatin Race Course on Saturday netted more than HK$93 million. The flingReuter - 125 words
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Article, Illustration235 1988-05-30 1 Reuter MALAYSIA has suspended the head of its judiciary over allegations of misbehaviour, including partiality in cases involving the main ruling party. Tun Salleh Abas said yesterday he had been suspended as Lord President by Malaysia's king on May 27 on the recommendationReuter - 235 words
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Page 1 Advertisements
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Advertisement295 1988-05-30 1 Need a car or truck loan? W\Yl<><>\(. 737-7977 iLTj Wfcyixng Mortgage And .Finance (S) Ltd A wholly-owned subsidiary of Hongkongßank 6 Claymore Hill #OJ-Ol Claymore Plaza Singapore 0922 MOHAMED SALLEH, the first Malay/Muslim Businessman of the Year, is tougher than the tough clothing business he is in. SHOEB KAGDA takes295 words
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Advertisement364 1988-05-30 1 Asia-Pacific OECD unlikely THE ODDS are not in favour of setting up an Asia-Pacific OECD. While such organisations may be useful for research and the collation of statistical data, they tend to degenerate into grossly inefficient paper mills whose goals are self-perpetuation. TAN KEE WEE makes a case against an364 words
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Advertisement77 1988-05-30 1 Taking stock of the Crash THE BLEAK scenarios painted by many a prophet of doom following last October's stockmarket crash have not come true. That does not, however, make management in uncertain times superfluous. As Spotlight on Management points out, this is a good time for management to take stock77 words
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Advertisement109 1988-05-30 1 MIKIMOTO I Ik < )rKjiiut» w ol ultuiol I'c.iils SIiKC LS 1 J w C I HOO 27 Tanglin RcJ S por« 1024 i N«»t to Tangtm Shopping Ctr > Tel: *****43. *****53 AND NOW NAGOYA! *m* v fsl|l|pm M 4 A ra|fe -w 2f^ L Elegant enduring symbol of109 words
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MANAGEMENT
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Article, Illustration861 1988-05-30 2 FT PIZZA HUT has a programme in the US called "Book It", under which it has enrolled about 13 million students. They are set reading goals which, if achieved, are rewarded with three pizzas. To date, the fast-food chain has given away $100 million worthFT - 861 words
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Article, Illustration700 1988-05-30 2 SHOEB KAGDA - MALAY/MUSLIM BUSINESSMAN OF THE YEAR Mohamed Salleh is tougher than the tough clothing business he is in. Persevering and ever ready to turn mistakes to account, he has survived and prospered in a competitive trade. SHOEB KAGDA reports on his brand ot business. SHOEB KAGDA YOU CANNOT700 words
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Article531 1988-05-30 2 LILY FERNANDEZ - By LILY FERNANDEZ MORE THAN $1 billion in low interest loans have been taken up under the Small Industry Finance Scheme (SIFS) since its 1976 launch The SIFS is just one of two finance schemes available to small uiiainesies when they n?ed asf.istanc«t with development531 words
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808 1988-05-30 2 DAVID WONG - Spotlight on Management By DAVID WONG THERE IS A wide range of views regarding the economic outlook for businesses in Singapore. Since last October s stock market crash, many prophets of doom have emerged and sinister comparisons have been made with 1929. The808 words
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529 1988-05-30 2 IHT ALMOST EVERYBODY has received rejection letters at one time or other. To soothe bruised egos, some candidates paper their bathroom walls with their rejection letters. On business school campuses, students throw parties where "by rejection only" guests have to show their rejectionIHT - 529 words
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Page 2 Advertisements
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Advertisement76 1988-05-30 2 Welcome to Spotlight on Management, BT's weekly column which will attempt to answer your questions on management issues. Your queries will be handled by experts from Ernst Whinney Consultants. To get the series going, we have posed questions frequently asked by managers. You, the readers, should take It from there76 words
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ASIA-PACIFIC
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232 1988-05-30 3 AP THE SOUTH KOREAN economy, paced by brisk exports and domestic demand, grew 15.1 per cent during the first quarter of this year, the Bank of Korea has said. The figure compares with 15 per cent growth in the same period lastAP - 232 words
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291 1988-05-30 3 Be neutral or resign Thai ex-premier tells Prem AFP AN ELDER Thai statesman was quoted as saying last Saturday that Prime Minister Prem Tinsulanonda should resign if he is not neutral. Former premier Kukrit Pramoj was quoted by the Bangkok Post as making the remark after 99 academics questioned MrAFP - 291 words
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Article939 1988-05-30 3 ARRIVALS Operator Sorvtco numb«r Km* From SU MAS JAL HA SU SU SU SU MAS SU SU MK MAS MAS SU SU CPA MAS KIM GU SU MA SU GU SU THAI SU THAI GU MAS GU SU SU SU tj SU SU THAI GU SU TK939 words
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Article, Illustration185 1988-05-30 3 AP A LEADER of the Paleatine Liberation Organisation met President Suharto in Jakarta on Saturday and discussed latest developments in the Middle East, including the Israeli-occupied West Bank and the Gaza Strip. "The president showed great concern and expressed support for the just causeAP - 185 words
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109 1988-05-30 3 AFP THE Palestine Liberation Organisation has started to buy Israeli government bonds to finance Palestinian resistance against Israel in the occupied territories, a US magazine reports. US News and World Report, in its latest edition which will be on newstands today, says thisAFP - 109 words
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211 1988-05-30 3 AFP ISRAEL is secretly helping China to build "a modern, electric version of the Great Wall" as a defence along its 6,640-km border with the Soviet Union, according to a US magazine. The US News and World Report, in its latest edition which hitAFP - 211 words
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266 1988-05-30 3 AP TWENTY-FOUR major building projects got the axe from China's highest governing body as part of a move to cut back on capital construction, the official People's Daily reported on Saturday. The State Council announced last week it would cut back someAP - 266 words
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307 1988-05-30 3 AP CHINA'S year-old anti-corruption ministry has been authorised to set up bureaus inside most other ministries and top-level departments to better observe alleged wrongdoings, an official report said on Saturday. The only offices that the Ministry of Supervision will notAP - 307 words
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193 1988-05-30 3 AFP CAMBOOIAN resistance leader Prince Norodom Sihanouk said yesterday that Vietnam was seeking to deceive international opinion by saying it would withdraw half its troops from Cambodia by the end of the year. "I cannot believe that Vietnam really intends to withdrawAFP - 193 words
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Article, Illustration533 1988-05-30 3 Philippines welcomes international aid programme Agencies PHILIPPINE Defence Secretary Fidel Ramos, returning from a two-week visit to the United States, said US officials exerted "no conscious pressure" on him in an attempt to retain their bases in the Philippines. Mr Ramos saidAgencies - 533 words
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Article272 1988-05-30 3 AP FORMER US defence mcretary Caspar Weinberger Mid on Saturday ha was imprassad with Taiwan's development of sophisticated weapons "Tha davalopmant of (military) technology hare is quite remarkable and impressive." Mr Weinberger said at the end of a fourday visit to Taiwan. "The best wsy to preventAP - 272 words
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259 1988-05-30 3 AFP THE UNITED STATES will have more than a 30-per-cent work share in Japan's multi-million-dollar development of fighter support planes under a broad agreement reached in Tokyo, Japan's leading newspaper reported last Saturday. The nationally circulatedAFP - 259 words
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206 1988-05-30 3 AP JAPANESE Prime Minister Noboru Takeshita. who will visit the United States and Europe, said on Saturday he hopes to uphold Japan's commitment to the international community. "As a nation with one of the world s highest levels of per capita grossAP - 206 words
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Page 3 Advertisements
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Advertisement62 1988-05-30 3 I f II I I If I The business person's choice every I I l| I II II I Tuesday, Thursday, Saturday and Sunday. I A I M /I Leaving Changi Airport at 22:05 B Jx. y 1 1 1 S V/L 1 hours and arriving Heathrow eoriy the foiowing62 words
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REST OF THE WORLD
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Article, Illustration460 1988-05-30 4 Reagan's call for freedom of worship meets sharp retort AFP THE UNITED STATES expects limited progress on disarmament at the Moscow summit, but no breakthrough in talks on strategic arms limitation, US officials said in Helsinki on Saturday, on the eveAFP - 460 words
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233 1988-05-30 4 Reuter A SENIOR Kremlin advisor said last Friday that British Prime Minister Margaret Thatcher displays ignorance and egotism about nuclear weapons. Georgy Arbatov, director of the institute of the USA and Canada at the Soviet Academy of Sciences, told British television that he believedReuter - 233 words
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Article, Illustration377 1988-05-30 4 AP SOVIET LEADER Mikhail Gorbachev is looking to this week's summit with President Ronald Reagan to strengthen his hand as he faces economic difficulties and struggles within the ruling Politburo. While the summit holds little hope of major progress on arms control or otherAP - 377 words
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Article, Illustration239 1988-05-30 4 Reuter BEHIND the multi-coloured onion domes of St Basil's Cathedral in the heart of Red Square on Saturday sat a piece of Americana that might have given Lenin, in his nearby tomb, pause for concern. There it was a red, white and blueReuter - 239 words
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196 1988-05-30 4 Reuter ETHIOPIA has assured the European Community (EC) that it will allow the Community to monitor the distribution of its relief food in the north of the country, EC delegate Benno Haffner said on Saturday. Mr Haffner had written a strong protest to BerhanuReuter - 196 words
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Article253 1988-05-30 4 AFP "AFTER seven-and-a-half years of charisma in the White House, it's time to bring some competence, don't you think?" Michael Dukakis combative and biting, with a delivery even more staccato than usual uses an old campaign line on a new crowd and gets the reliably enthusiastic reaction.AFP - 253 words
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188 1988-05-30 4 AP THE YUGOSLAV government last Saturday introduced its new austerity programme, including a 23.9-per-cent devaluation of the dinar and massive price increases. The programme provides for further wage cuts and a widespread lifting of price controls at a time when inflation is hovering aroundAP - 188 words
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166 1988-05-30 4 AFP ORDERS for machine tools in the US fell a scant 0.6 per cent from March to April, following a strong rise since the beginning of the year, according to a survey published today. But despite the slight drop, machine tool orders reached US$253AFP - 166 words
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359 1988-05-30 4 AP ON THE EVE of US President Reagan's visit to Moscow, the Soviet Union hinted that it might halt its withdrawal from Afghanistan if neighbouring Pakistan fails to stop aiding Afghan rebels. The Soviet Union also blamed the United StatesAP - 359 words
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360 1988-05-30 4 AP ALTHOUGH President Ronald Reagan has often criticised protectionist trade legislation, he has erected more anti-consumer trade barriers than any president since Herbert Hoover, says a former top economic adviser. William Niskanen, a former member of Reagan's Council of Economic Advisers,AP - 360 words
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352 1988-05-30 4 AP SOME 1,267 companies from 20 Western countries continue to do business in South Africa, but 188 companies from seven countries have pulled out, according to a survey by the International Confederation of Free Trade Unions. Britain leads the field with 374AP - 352 words
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Article179 1988-05-30 4 AFP SOUTH AFRICA'S tourism industry is booming, the tourist board has said after an aggressive marketing campaign aimed at allaying (ears over racial violence. According to the chairman of the South African Tourist Board (Satour), Danie Hough, the number of foreign visitors rose by 14.2 per centAFP - 179 words
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Article202 1988-05-30 4 AP PRESIDENT Ronald Reagan, thf target of embarrassing disclosures in books by former aides,, says he probably will write a book of his own to "straighten 1 out the record". However, he indicated that h+ was not happy about the idea. *T don't lookAP - 202 words
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Page 4 Advertisements
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Advertisement10 1988-05-30 4 Issues that will bs i—Mi at lha Moscow summit, Paga10 words
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Page 4 Miscellaneous
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Miscellaneous50 1988-05-30 4 Doonesbury ...ANPBVBN THOUGH MOST PCOPL3 THOUGHT THSQUAKB (OAS PUB ON THB 23f£, NOS J TFADAMUS ACTUALLY PRS 1 PtCTEP TT FOR MAY 27TU, THIS FRIDAY! Sp\ BY GARRY TRUDEAU 0.P., pi putt you H6ARMB? ISA/P FRIPAY! THAJS ONLY FOUR PAYS Amy 3v., THB DARN COAST IS GO/NS7D SUPZ/NTQ ThC OCEAN!50 words
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Miscellaneous156 1988-05-30 4 \£Ma ir. l ''//A Adotoido Amtfordofn Alhon* Oohroin Bangkok Borbodos kirvt ftolgrodo ftorlin Rormudo Singapore OUTLOOK: Showers Report for 24 hour* prior to 7.30pm on May 79 at tfto airport; Mai tamp.. 33.2 A—oc ImwOdWy 61 Min tomp. 27.0 A—oc humtdtty H Hrs of wwoNno >.M RoMoN In mm Nil156 words
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COMMODITIES
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Article, Illustration393 1988-05-30 5 Reuter MALAYSIA is too optimistic about rubber prices because demand is not as tight as it has portrayed, according to a visiting Chinese rubber delegation. "Malaysia is over-optimistic about the rubber market. Prices should not have shot up so much," the headReuter - 393 words
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Article409 1988-05-30 5 KL Tin Rubber Bernama ES CONTINUED overseas demand and a higher European spot tin close pushed tin prices 30 cents higher to close at M$ 17.80 from the previous Friday on the KLTM last week. Trading was active due to strong Japanese and European short-covering following nearby shortage in Europe.Bernama ES - 409 words
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Article164 1988-05-30 5 Chinese Produce Gambier Exchange FOB NSW 180.00 Silttn' noon pricos on FAMA Mor 28 (SS/100 kg) Oaring prfcvs on May 28 Coconut oil Coconut oil (M$/100kg) kk FOB 107.00 Now drums 161.00 OW drum FO* 117.00 2nd hand drums 155.00 Now drum FO# 121.00 Bulk 146.00 Copra Local164 words
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Article219 1988-05-30 5 SOYBEAN FUTURES on the Chicago Board of Trade rallied late last Friday in a fast market to close on a steady note, up 16V4 to five US cents per bushel in moderately active trade. July settled at US$7.6B after posting a 12-cent range on the day. Rumours that some219 words
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Article195 1988-05-30 5 WHEAT FUTURES on the Chicago Board of Trade rallied late last Friday in sympathy with strength in soybeans to close mostly higher in moderate trade, ranging from up 3% US cents per bushel in September to down 14 cent in new crop July. Rumours that some private weather forecasters195 words
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1564 1988-05-30 5 AFP ATTENTION CENTRED on platinum and rubber last week, as activity slowed on most other commodity markets mainly because of the closure on Monday of many European markets for the Whitsun holiday. Platinum, which is currently at its highest level for seven months,AFP - 1,564 words
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Article350 1988-05-30 5 Bernama ES MALAYSIAN crud* palm oil prices ended mixed to steadier in very active trading on the KLCE last week with prices breaching the MSI.OOO level. Prices held firm for two days around this level on news of lower crude palm oil output expected in May. Speculative buyingBernama ES - 350 words
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Article305 1988-05-30 5 London Commodity Exchange fcjyer/Seller doting prices on May 27 (£/tonne unless specified). Previous closing prices in parenthesis. CoffM Bath in-store London, sellers option CIF London May 1040/1042 (1040/1048) High/Low 1045/1035 M 1058/1059 (1063/1064) High/Low 1065/1051 Cy| 1 a* OOlfl (2781) Cocoa May 905/911 (910/922) High/Low 910/898 Jul 923/925305 words
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Page 5 Advertisements
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Advertisement186 1988-05-30 5 4! 'V c, on 9flo 9 dj, \-t fc t-V 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 always186 words
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BANKING AND FINANCE
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497 1988-05-30 6 Reuter JAPANESE CITY, trust and long-term credit banks reported strong earnings increases in the year to March 31. 1988, helped by lower interest rates, good domestic loan demand and lucrative sales of securities holdings, industry analysts and bank spokesmen said last Friday. Dai-lchiReuter - 497 words
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564 1988-05-30 6 Reuter THE NEW HEAD of China s central bank warned in a speech published last Saturday that money supply and loans were growing much too fast, with savings slowing and consumption soaring. A Western banker said the economy was showing serious signs of overheatingReuter - 564 words
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Article254 1988-05-30 6 Reuter THE PEOPLE'S Bank of China is allowing 28 foreign and joint venture banks to do limited renminbi business on an experimental basis, according to the official Beijing Financial Times. A Western banker said last Friday this was a result of pressure from Sino-foreign joint venturesReuter - 254 words
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372 1988-05-30 6 Reuter TRADING IN THE currencies of the four Newly Industrialising Countries (NICs) offers little opportunity for profit, despite calls by the US for the NICs to allow their currencies to appreciate, dealers say. International currency traders gathered in Honolulu for their annual meetingReuter - 372 words
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Article, Illustration883 1988-05-30 6 PAUL FRANKLAND - If you're making a claim ramaa MM. by PAUL FRANKLAND HOW ARE CLAIMS processed? Why do some claims fail and what can you do to make your claim work? To begin, let's consider some typical damage claims. For convenience, I'll restrict my comments to fire damage, but they also apply883 words
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Article1071 1988-05-30 6 AFP LAST WEEK. th« US dollar retained its momentum, while the Swiss franc continued to dip. Amid a market environment free of significant influences, the attractive Australian dollar was again at the centre of position shifts and. with its sound fundamental underpinnings. registered renewed gains. The number oneAFP - 1,071 words
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Article342 1988-05-30 6 Gold Financial futures Green Collier SEPTEMBER Simex/IMM currency contracts attempted a feeble rally early last week but subsequently turned southward on account of the strengthening US dollar. Looming support for the dollar for most of the week cultivated in its ability by Friday to trade up to 1.7200 D-mark inGreen & Collier - 342 words
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Article533 1988-05-30 6 NDC Merchant Bank Ltd TREASURY bill and government bond yield* soared across the board last week due mainly to firmer interbank rates. A flatter yield curve is evident with the short-end rising steeply while the yield on the fiveyear bond lagged behind. Both the five-year bonds maturingNDC Merchant Bank Ltd - 533 words
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Article157 1988-05-30 6 Gold futures on May 27 100 troy owe* USS par boy inn Opt* IN MB* Mm 453.X ***** 430.20 430JO XX M -2JO 45I.70 454.70 455 30 -170 Oa •ttl 00 ■Hi TP 1frf) 4*1 JO -1*0 Ok 464-70 464.70 ***** 4*6.20 •2J0 tab M 474.00 474157 words
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Article, Illustration494 1988-05-30 6 PlJt of bonks at ihe dot* of business on Friday, May 27,at supplied by the Association of Ranks in Singapore. BANK PL* Algemene frank 6% Allied Irish Bank PIC 6 American Express Bank 6% A/n'Dam R'terdam Bank 6* Arab Banking Corp 6% Arab Bank Ltd 6K Asia494 words
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Page 6 Advertisements
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Advertisement9 1988-05-30 6 Hi EL4NQUEINDOSUEZ 3 Shenton Way, Shenton House, Singapore 01069 words
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SPORTS & LEISURE
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Article, Illustration746 1988-05-30 7 BARRY WOOD - 'Worn BARRY WOOD Paris -THE WEEKEND produced high at the French Open for Mats Wi lander and Chris Evert. -Wilander survived, Evert did not. It was never going to be easy fpr Evert to defeat Arantxa Sanchez even if she was fully fit, for Evert only746 words
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815 1988-05-30 7 SHIRISH NADKARNI - From SHIRISH NADKARNI ANYONE ATTENDING one of the Iraining-cum-practice sessions of the Indonesian Thomas and Über Cup squads at the Stadium Negara will find a stocky, paunchy figure with buck teeth and a buccaneer-like scar across the right eyebrow, directing operations. This is Tahir815 words
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334 1988-05-30 7 Reuter MARY DECKER SLANEY. showing no effect from two years of injuries, breezed to victory in the women's 3,000 metres on Saturday at the Bruce Jenner Classic Grand Prix athletics meet at San Jose. The former world champion never trailed as she wonReuter - 334 words
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189 1988-05-30 7 AP DON LALONDE of Canada was scheduled to defend his World Boxing Council (WBC) lightheavyweight title for the first time yesterday afternoon against Leslie Stewart of Trinidad. The 12-round title fight was to take place in the open National Stadium at 1825 GMT in Port-of-Spain,AP - 189 words
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Article, Illustration504 1988-05-30 7 CHARLES SAVAGE - By CHARLES SAVAGE WARREN GOLF CLUB finished second best on the day but did enough to snatch the Premier league title from defending champions Sembawang yesterday. Needing to finish one point behind Sembawang to clinch the title. Warren carded a combined score of504 words
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Article, Illustration470 1988-05-30 7 AP JOE DUMARS finished with 29 points and Isiah Thomas with 23 on Saturday to lift the Detroit Pistons 98-94 over Boston Celtics for a 2-1 lead in the NBA Eastern Conference finals. Dumars. shooting 42.2AP - 470 words
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469 1988-05-30 7 AP VETERAN Hale Irwin turned back a host of challenges with a 4-un-der-par 68 and retained his one-shot lead on Saturday in the third round of the US$l-miliion Memorial tournament in Ohio. Irwin, whose last victory was in this event three seasons ago, completedAP - 469 words
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403 1988-05-30 7 UPI ALTHOUGH the McLaren team had a miserable time in the Mexico City Grand Prix last year, this season their turbo-charged RA168e engines have proven more powerful and fuel efficient than rival engines. McLaren has won all three of this season sUPI - 403 words
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Article224 1988-05-30 7 UPI THE SCARIEST MOMENT in yesterday's Indianapolis 500 for many drivers was expected to come in the first 30 seconds of the race. That would be when the 33car field, aligned in 11 rows three cars wide, tries to squeeze into turn one at IndianapolisUPI - 224 words
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THE ARTS
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Article, Illustration360 1988-05-30 8 WALTON MORAIS - By WALTON MORAIS IF THE Arts Festival had opened to a mixed reaction on Saturday night, the Festival Fringe got into the groove at the Botanical Gardens yesterday evening on a clear day when there was willing suspension of360 words
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Article, Illustration615 1988-05-30 8 VANESSA LEE - By VANESSA LEE THE LOBBY OF the Pavilion Intercontinental has, since last October, become a permanent art gallery for young local artists. To date. 14 artists have been featured in monthly two-man shows. Quite a big family it is. Playing "mother" is615 words
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Article, Illustration568 1988-05-30 8 SHOEB KAGDA - By SHOEB KAGDA THE HISTORY of art in all its forms has been to invoke a response from an otherwise docile audience. From the time it was first conceived in Frankfurt in the *****, video art has sought to lend a different dimension568 words
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338 1988-05-30 8 SHAUN KOH - By SHAUN KOH AS FAR AS the Singapore Symphony Orchestra Familiar Favourite concerts go, they are glaringly strides behind the London Prom concerts they attempt to emulate. It's not as though the concerts were initiated quite recently. Quite the contrary. These concerts catering338 words
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270 1988-05-30 8 BHAUN KOH - By BHAUN KOH THE FUTURE IS an ominous one. For the La Salle Baroque Players it could mean a premature end. Which certainly should not happen to a group with such enthusiasm and promise. The problem that looms before it this moment is270 words
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Page 8 Advertisements
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Advertisement19 1988-05-30 8 A weekly column which takes a more personal look at the world of music and the people in it.19 words
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Page 8 Miscellaneous
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Miscellaneous1290 1988-05-30 8 TO QKE) QIMK) 7.30 PM Opening and Programme Highlights followed by Call Me Mister The Other Woman (Last episode). (.30 Adam Smith's Money World. 9.00 Sporting Class. 9.30 Hot House People. 10.30 Video Ordnance Fight For The Sky. This progromme takes a dose-up took at the world of today's fighter1,290 words
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PERSPECTIVE
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Article, Illustration1485 1988-05-30 9 TAN KEE WEE - It has been suggested that the Asia-Pacific countries form a new regional grouping along the lines of the OECD. This may be useful for research and the collection of statistical data, says TAN KEE WEE. But he argues that most organisations of1,485 words
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886 1988-05-30 9 JOAN MOWER - By JOAN MOWER AP WITH NO chance of an arms reduction agreement, American officials are focusing on a variety of other issues that they hope will make President Ronald Reagan's trip to Moscow more than just a travelogue. When the MoscowAP - 886 words
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626 1988-05-30 9 THE ORGANISATION for Economic Cooperation and Development (OECD), as we know it today, waa instituted in 1961. It ia an extension of the Organ iaation for European Economic Cooperation (OEEC) formed in 1948. The OEEC was set up in response to626 words
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Page 9 Miscellaneous
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Miscellaneous644 1988-05-30 9 P*ND U*4P\T LOOULD nou SP w IF i psxeo NDu "Tt> PUT rv\e "TG VOOR SoßEfc\/iSaR CRYPTIC PUZZLE ACROSS 1 Mass of metal used in making other tilings (5) 6 A dire possibility when getting dried (5) 9 Attack a highway? (7) 10 Sticky plant? (5) 11 Kerbside coin-swallow-er? (5)644 words
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WORLD MARKETS
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Article281 1988-05-30 10 Reuter THE INDIAN OCEAN island of Mauritius intends to open a stock exchange early next year "twinned" to the French Bourse de Lyon. Preparations coincide with steps to develop Mauritius as Africa's first international offshore banking centre the first licences are expected to be issued thisReuter - 281 words
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Article902 1988-05-30 10 New York Reuter WALL STREET stocks finished moderately lower last Friday in a session dominated by concerns over a possible rise in the Federal Reserve's discount rate. Analysts said the fears were rekindled by last Thursday's upward revision in the US first quarter gross national productReuter - 902 words
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Article45 1988-05-30 10 AFP THE BOARD of Texaco Corporation has rejected a US$6O-a-share buyout offer from corporate raider Carl Icahn. It said the bid was a pressure tactic and called on Mr Icahn to abandon his attempt to secure five seats on the board. AFPAFP - 45 words
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Article1047 1988-05-30 11 London Reuter LONDON shares last Friday remained mixed throughout the afternoon, showing little response to news of a larger than anticipated UK current account deficit in April of £525 million compared to £285 million in March, dealers said. The FTSE 100 Index closed down 1.6 atReuter - 1,047 words
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Article1390 1988-05-30 11 Amsterdam MAY 27 FU ABM Aagon Ahold Akzo 17.70 76 50 71.10 107 90 -0.1 -0? 0.1 -06 Airanta AMEV Amro Bank Am Stad 151 70 50 10 63 00 120 50 unch -02 0.4 -2.5 Barkat BOLS 12 30 120 30 -02 0 5 Borsumi) Boahrman TaOaroi Calva ElMvxr1,390 words
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101 1988-05-30 11 AFP JAPAN AIR LINES (JAL) said on Friday that its US subsidiary would buy up to 20 per cent ol the outstanding stock of HAL Inc. the parent company of Hawaiian Airlines, for about US$2O million. The Honolulu-based JAL subsidiary. Pan PacificAFP - 101 words
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279 1988-05-30 11 MAJOR Japanese steel makers said on Friday that they recorded profits in the business year ended March 31, after suffering losses or reduced profits in the previous year because of recession. Nippon Steel Co, Nippon Kokan K K, Kobe Steel Ltd, Kawasaki Steel Corp,279 words
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Article318 1988-05-30 11 Reuter REUTERS Holdings Pic has bought a 48.8 per cant interest in Australian Aasociated Press Pty Ltd (AAP) for A 574.2 million Reuters acquired 44.65 per cent of the Domestic News Agency's holding company from the John Fairfax Ltd Group and 4.15 per cent fromReuter - 318 words
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166 1988-05-30 11 AP VOLKSWAGEN, West Germany's largest car maker, is considering a cost-cut-ting programme of US$76O million, the news magazine Der Spiegel reported on Saturday. A Volkswagen spokesman confirmed the report in a radio interview. Spiegel said Volkswagen planned to gradually cut salaries and reduce vacationAP - 166 words
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89 1988-05-30 11 AFP THE US publishing group McGraw-Hill has sold its 49 per cent stake in a Japanese joint-venture for US$2B3 million. The company said in a statement issued in New York that it had sold its stake in Nikkei-McGraw-Hill Inc to the Japanese groupAFP - 89 words
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Page 10 Advertisements
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Advertisement959 1988-05-30 10 4 COURydSIERXO-Where to eat, drink... R>r the health-conscious, weight-watchers or simply lovers of greens, we present you Dctily from 11 am to 2pm at Cafe Vienna Fbr $8.90 you can tuck into more than 35 varieties of salads, eight dressings, eight condiments, soups, breads, mils and fresh fruits. Treat yourself959 words
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Advertisement254 1988-05-30 10 h-6& French amnectm The culinary favourites of France are yours to enjoy from May I—3l. 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 Pruxs subject to 10* nrvce charge aadSt gmt laz254 words
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MARKET REVIEWS
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220 1988-05-30 11 WITH A SHORT DELAY, the bet-ter-than-expected data on the US economy had a positive impact on world stock prices. Amsterdam performed slightly better as well but on very low trading volume. Last week, the US GNP deflator for the first quarter of 1988 was220 words
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344 1988-05-30 11 m m'/i J ew IJ AFP A SULKING and pessimistic Wall Street registered a mediocre performance last week in light trading. The Dow Jones Industrial Average fluctuated tightly to end the week 3.84 points up at 1,956.43 against 1,952.59 theAFP - 344 words
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Article, Illustration5399 1988-05-30 12 LONG SHIH ROME - r Singapore P 4 By LONG SHIH ROME AFTER WEEKS of lethargy, the market perked up on Friday s news that Singapore achieved 10.9 p«r cent growth in the first quarter the highest quarterly growth in two decades. The strong economic fundamentals5,399 words
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365 1988-05-30 13 i" K.Lumpur s m i BUYERS made a strong come-back last week and share prices were chased higher across the board on the Kuala Lumpur stock market. Initially, it appeared that the previous week's softer trend would be extended when share prices headed for365 words
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287 1988-05-30 13 m Toky l^rJ A AFP SHARE PRICES dropped further in mixed trading on the Tokyo Stock Exchange last week, with the key Nikkei Stock Average going below the 27,000-yen mark for the first time in more than one month. The 225-blue chip average. aAFP - 287 words
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Article, Illustration610 1988-05-30 13 L L 1 Hongkong y DBS Securities HK THE PREVIOUS WEEK'S fears over interest rstes continued into esrly Isst week ss the Hongkong market got off to s particularly quiet start. Activity was centred on a few speculative stocks and blue chips wereDBS Securities HK - 610 words
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Article722 1988-05-30 13 RAY HEATH - |nn)j London E'"' A From RAY HEATH A 'FOR SALE' notice has been put up over British industry, thundered the leader of the opposition in the British Parliament last week. A decision by the UK Trade and Industry Minister, Lord Young, not to refer to the722 words
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276 1988-05-30 13 SHIRISH NADKARNI,AJIT AGHARKAR - From SHIRISH NADKARNI,AJIT AGHARKAR FOR THE FOURTH WEEK in succession, the Bombay stock market continued to climb, sending the Bombay Stock Exchange equity index to a new peak of 557.69 for 1988 Starting the week on a firm note, the index retraced276 words
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Page 11 Advertisements
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Advertisement590 1988-05-30 11 and entertain 4 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PALM agf For between $26+ and $40+ you can select from our appetiser OKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses.590 words
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Advertisement14 1988-05-30 11 More market reviews on Peges 12 and 13. The Zurich report was not available,14 words
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COMPANY NEWS
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Article699 1988-05-30 13 JULIANA TAY - Week ended May 27 compiled by JULIANA TAY SCRIP ISSUES C K Tang; Proposed rights issue of one-for-two at $2.25 per shore Each rights share comes with two detachable TSRs. The exercise price for the TSRs, expiring on May 31. 1990. is $2.25. Cham Ind:699 words
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Article182 1988-05-30 13 May 23 May 24 May 25 May 26 May 27 BT Comp 1 ***** 839 70 ***** 859 90 869 57 BT OB/OS 10 -203 -184 45 1 98 BT CADI 11 -7060 -7093 -7014 -6980 -6932 BT 10-day av 11 -6973 -6992 6996 -6996 6986 BT182 words
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Article112 1988-05-30 13 C toeing nfAtfi/VM Closing w 1MS High 1S8S Low BT Comp Index 869.57 847.38 869.57(27/5/88) 737 83(4/1/881 ST Ind Index 983 43 965.26 983.43(27/5/881 833.61 (4/1/881 NST Ind Index 1607.88 1590.61 1607.88(27/5/88) 1305.59(4/1/881 Hong Seng 2513.70 2491.24 2623.08(7/4/88) 2223.04(9/2/88) Dow Jones 1956.43 1952.59 2090.18(8/4/88) 1879.14(20/1/881 FT Ind112 words
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Article65 1988-05-30 13 May 23 May 24 May 25 May 26 May 27 NST Inds 1 1578.01 1578.20 1591.11 1598 71 1607.88 NST Finance 5 *****3 2215.32 2196.06 2222.45 *****0 NST Hotels 5 ***** 600.89 600.74 600.82 600.97 NST Prop 3 770.03 771.28 771.07 775.04 778.28 NST Tins 265 words
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152 1988-05-30 13 AFP THE AUSTRALIAN share market gave an overwhelming endorsement to Treasurer Paul Keating's economic reform package as a scramble for quality stocks sent prices surging. The All Ordinaries Index soared 82.2 points over the week to close at a postcrash high of 1,538.0.AFP - 152 words
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103 1988-05-30 13 Bernama PERMOOALAN Nasional Bhd's group investment grew from Mssl million in 21 companies to more than Ms 6 billion in 153 companies in its 10 years of existence. Of that number. 94 were quoted on the stock exchange. PNB's chairman Tun Ismail AliBernama - 103 words
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Article402 1988-05-30 13 Bernama THE EFFICIENCY of the Permodalan Nasional Bhd (PNB) in ensuring the success of the New Economic Policy (NEP) has spurred the Malaysian government to use its facilities to keep tab on the operations of all governmentowned companies or companies in which the government has anBernama - 402 words
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Page 13 Advertisements
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Advertisement134 1988-05-30 13 NOTICES In the matter of The Companies Act, Cap 50 and HAO-YUN TRADERS PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that a Final General Meeting of the abovenamed Company will be held on 30th day of June 1988 at 220 Orchard Road #05-02 Midpoint Orchard, Singapore 0923134 words
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Advertisement163 1988-05-30 13 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME WE, JAVA MARINE LINES PTE LTD of 55, SHIPYARD ROAD, S'PORE 2262 hereby give notice that In consequence of THE INTENDED CHANGE OF SHIP'S NAME. We have applied to the Registrar of Singapore Ships, under Section 417 of the Merchant Shipping Act163 words
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Advertisement115 1988-05-30 13 Comprehensive Mandarin Course for busy executives Master Mandarin once and for all. It will greatly enhance your career prospects. You need to use it daily in your work. And you want to create a natural Mandarin speaking environment for your family, especially your children. Our Comprehensive Mandarin Course (CMC) is115 words
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420 1988-05-30 14 Cheap brings boom back to Silicon Valley Higher demand boosts number of high-tech jobs Reuter A CHEAP DOLLAR is helping California's Silicon Valley boom again. The Valley's often-brash executives who have built multi-million-dollar computer businesses from almost nothing had a rough few years in the mid-1980s. Tough competition, especially fromReuter - 420 words
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316 1988-05-30 14 Reuter PRICE INFLATION threatens to send industry in Shanghai into recession and has already triggered hoarding and speculation among its 12 million hardpressed residents. The China Daily Business Weekly, in unusually strong language, yesterday quoted economists as saying "unfair" pricing had slashedReuter - 316 words
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Article, Illustration379 1988-05-30 14 Reuter THOUSANDS of people crammed into tape shops in Jakarta and the resort island of Bali over the weekend to beat a June 1 ban on the sale of pirated music cassettes. "Our sales have tripled. Some people are buying 40, 50Reuter - 379 words
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169 1988-05-30 14 UPI THE Pentagon is exploring using a three-stage rocket dropped from a high-flying B-52 to loft military satellites into space, the New York Times reported in yesterday editions. The project is being examined by the Defence Advanced Research Projects Agency (Darpa), a Pentagon unit,UPI - 169 words
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272 1988-05-30 14 THE HIGH GROWTH rate experienced by the insurance industry would continue in the future, said Acting Health Minister Yeo Cheow Tong. The prediction, however, was based on a fundamental assumption that the Singapore economy would continue to grow at a satisfactory rate, said Mr272 words
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178 1988-05-30 14 Reuter THE UNITED STATES is arbitrarily accepting thousands of Armenians as refugees without even trying to determine if they have been persecuted in the Soviet Union, the New York Times reported yesterday. The newspaper which said its report was based on a probe by State DepartmentReuter - 178 words
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196 1988-05-30 14 NYT SURROGATE motherhood contracts should be declared void in New York state and payments to surrogates and brokers should be banned, a state panel has recommended. The panel the New York State Task Force on Life and the Law saidNYT - 196 words
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156 1988-05-30 14 AFP THE INDIAN government yesterday detained seven top-ranking Sikh politicians including former Punjab chief minister Prakash Singh Badal under the National Security Act. police in Chandigarh said. The seven leaders were served with detention orders in Chandigarh jail where they hadAFP - 156 words
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348 1988-05-30 14 FT JAPANESE civil engineers are going from the sublime to the ridiculous. Having just completed the world s longest undersea tunnel and one of its biggest suspension bridges, the country's construction industry has turned its attention to rebuilding a tinyFT - 348 words
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200 1988-05-30 14 GOOD DESIGN is one of the critical success factors for Singapore's export-oriented economy, said Mr Yeo Seng Teck. The Trade Development Board (TDB) chief executive officer was speaking at the opening of the Nanyang Academy of Fine Arts' 4th Graphic Design Diploma200 words
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LATE FILE
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Article35 1988-05-30 14 AFP PAKISTAN'S President Mohammed Zia ul Haq dissolved the National Assembly and suspended the cabinet with immediate effect yesterday, the state-run television reported. He said elections will be held in 90 days.AFP - 35 words
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Article39 1988-05-30 14 AFP WARNING of a smouldering volcano inside the Nato alliance. secretary general Lord Carrington said yesterday the United States and its European allies must strike a better balance over sharing military costs and responsibilities. AFPAFP - 39 words
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Article49 1988-05-30 14 Bernama THE TIME has come for Barisan Nasional (BN) component party leaders to lead and advise their supporters instead of seeking popularity by following the narrow thinking of certain groups, Datuk Seri Dr Mahathir Mohamad said last night at Gerakan's 20th anniversary dinner. BernamaBernama - 49 words
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Article49 1988-05-30 14 Bernama KOPERASI Usaha Bersatu Malaysia Berhad (KUB) chairman Datuk Haji Harun idris yesterday admitted that the cooperative had suffered financial losses but denied suggestions of malpractices by board members. Datuk Harun said this in his welcoming speech at the KUB's annual delegates' meeting yesterday. BernamaBernama - 49 words
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Article40 1988-05-30 14 AP THAI Prime Minister Prem Tinsulanonda, returning from an official visit to the Soviet Union, said yesterday he and Soviet leaders agreed that the conflict in Cambodia had to be solved through political means. APAP - 40 words
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Article40 1988-05-30 14 AFP THE Organisation of Petrolaum Exporting Countries (Opec) may agree to a minimal cutback in production at its next meeting on June 8, an official of a Belgian oil company said in Kuala Lumpur yesterday. AFPAFP - 40 words
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Article23 1988-05-30 14 UPI FRENCH journalist Alain Guillo returned to Franca after nine months in a tough Afghan jail yesterday. UPIUPI - 23 words
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Article33 1988-05-30 14 Reuter ISRAEL reopened schools for 70,000 West Bank Palestinian students yesterday to try to restore order following a four-month closure, but fresh unrest erupted in the occupied territories. ReuterReuter - 33 words
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SATURDAY ROUNDUP
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Article94 1988-05-30 14 FIFTEEN per cent more firms in the services sector expect an upturn in their business, according to the second quarter Survey of Business Expectations. For the six months from April to September, those industries looking forward to better times included computer hardware and software, radio94 words
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Article111 1988-05-30 14 SINGAPORE'S Malay community was urged to build a pool of capable young Malays who could be the models of success in the community. The call was made by First Deputy Prime Minister Goh Chok Tong at Saturday's Hari Raya dinner organised by the Singapore Malay Chamber of111 words
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Article86 1988-05-30 14 SINGAPORE Airlines' managing director, Dr Cheong Choong Kong, asked the Indian travel industry to join a megacomputer reservations system (CRS). He was addressing members of the Travel Agents Association of India at Srinagar, India. Referring to Abacus a mega-CRS being developed by SIA, Thai International86 words
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Article77 1988-05-30 14 A PUBLISHING grant scheme will be launched to give more Singapore writers, poets, playwrights and literary critics the opportunity to have their works published. The scheme will be launched by the Singapore Cultural Foundation and the National Book Development Council of Singapore. Council chairman, Hedwig Anuar,77 words
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Page 14 Advertisements
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Advertisement407 1988-05-30 14 Free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available 1. A second wave of foreign stockbrokers is coming, much to the chagrin of the small brokers. 2. Results of a comparative study on office rental rates in several major407 words
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SHIPPING TIMES
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232 1988-05-30 15 G DURAIRAJ - By G DURAIRAJ FOREIGN DEEPSEA fishermen fishing in the Indian Ocean and the Bay of Bengal are turning to Penang Port as a base for landing their catch. Japanese and Taiwanese fishermen have found the northern Peninsular Malaysia port an ideal location232 words
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282 1988-05-30 15 THAI PRIME MINISTER Prem Tinsulanonda will hold a cabinet meeting tomorrow to discuss unions' demands that the government should assume direct responsibility for terminating a contract on container handling. Over two thirds of 6,300 unionised Bangkok port workers threatened to282 words
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241 1988-05-30 15 Kingsley Wood - From Kingsley Wood AUSTRALIA Japan Container Line has invested in nearly 4,000 new refrigerated containers costing AsB million. They were made by the Japanese firm, Nippon Fruehauf, and incorporate many new features. AJCL has two cellular container ships the 23,000-dwt Arafura nd 34,346-dwt241 words
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PORTSIDES
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Article96 1988-05-30 15 AFP ISHIKAWAJIMA-HARIMA Heavy Industries Ltd (IHI), Japan's second largest shipbuilder, said it had managed to increase its earnings in fiscal 1987 despite a drop in sales due to the high yen. Sales were down by 7 per cent to 715.7 billion yen in the yearAFP - 96 words
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Article101 1988-05-30 15 AFP LAOS and Vietnam have signed a shipping agreement to allow landlocked Laos to ship exports through Vietnam's ports, the Laotian news agency KPL said. KPL said that under the agreement Vietnam would arrange ships for transporting Laotian goods to third countries through Danang, Haiphong andAFP - 101 words
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Article103 1988-05-30 15 HUTCHISON WHAMPOA has been approached by several parties who have interests in having a stake in the development of Terminal 7 in Hongkong. The development rights for the new terminal at Kwai Chung was won by its subsidiary, Hongkong International Terminals, recently. Mr Simon Murray, chairman of103 words
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72 1988-05-30 15 Reuter THE PORT Authority of New York and New Jersey said it selected General Electric Co's GE Information Services unit to provide an electronic data interchange, or EDI, capability for the Automated Cargo expediting system to be used by its members. EDI is the computer-to-computerReuter - 72 words
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Article57 1988-05-30 15 Reuter THE JAPAN/lndia-Pakistan-Gulf/Japan Shipping Conference will raise its currency adjustment factor on shipments from Hongkong to India and Pakistan to 58 per cent from 55, effective June 1. A similar change will apply to Gulf shipments not covered under the existing temporarily reduced commodity box rateReuter - 57 words
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Article163 1988-05-30 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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Article, Illustration1070 1988-05-30 16 Carribean ranks as number one cruise arena UPI CARIBBEAN CRUISE vacations are once again in demand this summer, much to the delight of Miami's major cruise operators. Advance bookings for summer sailings are running even with or ahead of last year, according to cruise line executivesUPI - 1,070 words
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Article1033 1988-05-30 16 AB Shpg V s ABC CoMoinor a 1 Accord Shpg VI 3 Ahrenfciel liner 3 AC Toopter VI xi 3 9 A»#r«on Tpt 4/5 Aoro Service IV 2/3 Arrow linos IX Asion Oceon XI 4 Assoc Corriogo XI s Alios Lin* X s ANl 1 1/2 AFC1,033 words
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366 1988-05-30 17 Reuter THE British-owned shipping fleet has shown some stability after many years of sharp declines. It totalled 908 ships (100 grt and over) of 17.7 million dwt at end-1987 against 922 of 17.9 million dwt a year earlier, the General Council of British Shipping (GCBS) said.Reuter - 366 words
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101 1988-05-30 17 Reuter A DUTCH tanker which collided with a Swedish vessel and sank in the North Sea on Friday did not seem to be spilling its cargo of highly toxic chemicals, s Dutch Coast Guard official said. "We sent out a measurementReuter - 101 words
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608 1988-05-30 17 AP OIL POLLUTION in the Persian Gulf has never been worse, but environmentalists say there is little they can do about it as long as the waterway is a major arena in the fighting between Iran and Iraq. "We're in the middle of aAP - 608 words
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Article645 1988-05-30 17 THREE MOTOR bulk carriers are reported to have been sold en bloc to Chinese interests. No prices have been disclosed but brokers said they believe they will be in the region of US$l5 million each. They are the Pacific Pride of 64,919 tonnes dw built 1981. the Pacific Prestige645 words
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7485 1988-05-30 22 apasipqEß 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 of7,485 words
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Article2097 1988-05-30 24 Itr-B Shipping Bouatead Shpg Agenciea Containerkne NV S pore Shpg (S) Accord Shpg Accord Shpg (S) M>ca Ocean Linea Seaiion Shpg (S) Ahrenkiel Liner Krni Shpg (S) Ored C Toe pier Oceanue Shipping Agencies A Muitiport Sdn Bhd (PK) Blrene Alltrans Express American President Linea APL2,097 words
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Article1274 1988-05-30 24 AMID rumours of yet weaker rates having been accepted by Panamax grain loaders in the US Gulf and US North Pacific, the general tone of bulk carrier nates on the London shipping freights market on Thursday Oecame less favourable. Detailed single-yoyage fixing was confined to the coverage of1,274 words
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278 1988-05-30 26 THE DEVELOPMENT of a port in Yantian in the Shenzhen economic zone has generated strong interest particularly from Hongkong companies. Zhu Yuening, vice-major of Shenzhen municipality, in charge of the transportation development of the city, said there were five or six overseas syndicates278 words
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263 1988-05-30 26 Reuter The WORLD bulk carrier market will remain prosperous for the next two years, although a slight setback may be seen this summer, Wah Kwong Shipping Group Ltd president Frank Chao said. "The market will be slightly weaker from now on and during theReuter - 263 words
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399 1988-05-30 26 P 0 investigates Channel ferry fire Reuter THE PENINSULAR and Oriental Steam Navigation Co (P O) has begun an investigation into a blaze on one of its cross Channel ships. The European Trader, sailing from Dover to the Belgian port of Zeebrugge with 44 passengers, was crippled by a fireReuter - 399 words
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Page 15 Advertisements
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Advertisement926 1988-05-30 15 w 1 y TIMES IOOiS 55* STP Distributors Tun+n Pubk9i MO9 Croup OOCL Orient Oveiqeas CotUaum Line A|*nts: JARDINE SHIPPING AGENCIES (Reg No 242K4/ 00K) 200 Cantonment Road #12 05 South point. Singapore 0201 Ml If/ Tel *****11 TELEX NO RS 2*179 VflLiliAfl TERMINAL,CFS Tel *****18 220 L fcVJ J926 words
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Advertisement81 1988-05-30 15 mm CARIBBEAN CRUISE vacations are once again in demand this summer, much to the delight of Miami's major cruise operators. Page II THE British-owned shipping fleet has shown some stability after many years of sharp declines. Page 111 THE DEVELOPMENT of a port in Yantian in the Shenzhen economic zone81 words
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Advertisement737 1988-05-30 15 L. THE SPECIALIST IN: t Wire Rope Slings Lashing Materials testing vf I if+inn rm FACILITIES > t Lining t£l available^ Gears \ffi INTERMARINE SUPPLY CO. (PTE) LTD. TEL *****33 (6 UNES) TLX- MCCO RS MS FAX: MS4C7 Nf- MAERSK LINE MAERSK LINE FIRST CARRIER TO RUN DOUBLE-STACK TRAIN TO737 words
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Page 16 Advertisements
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Advertisement541 1988-05-30 16 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANO SOUTHAMPTON HAMBURG BREMERHAVEN ROTTE ROAM/1 ANTWERP LARQS BAY HONG KONG EXPRESS CARDIGAN BAY RHINE MARU TOKIO EXPRESS fRANKFURT EXPRESS HAMBURG EXPRESS ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS. BELFAST, DUBLIN, COPENHAGEN. AARHUS, GOTHENBURG. MALMO. HELSINKI. OSLO, AMSTERDAM, CARIBBEAN i S. AMERICA CONTAINER541 words
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Advertisement17 1988-05-30 16 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.17 words
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Advertisement459 1988-05-30 16 AMERICAN TRANSPORT LINES, INC. j .rTTTT-TTirTr] Afifflww. I.» 1 an. EJ U"" cm ERICA, CARIBBEAN/MEXICO l«„v V, H-: ■nr^r-^rTT^ 7T rr i Ml LJM L M-M L M [ZM IT FEEDER VESSEL ACCEPTING CARGO TO ATLANTA, SAVANNAH. BALTIMORE. MAM. TAMPA. OTHER U.S. EAST COAST PORTS ON REQUEST ALSO ACCEPTING CARGO459 words
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Page 17 Advertisements
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Advertisement863 1988-05-30 17 -fThe Straits Steamship Group mem Mansfield Container Shipping Re Ltd STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok P&O Containers CONTAINERSHIP SERVICES TO/FRO* BANGKOK P to| STa* H'tarf Btavw R'dm UHi kin Ml am am am am mm mm am M/m am nm am um am am nm863 words
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Advertisement808 1988-05-30 17 CSAV Singapore *****00 K. Lumpur *****25/6/8. *****19, Bookings *****08 P Kelang *****18 EUROPE VESSEL iAfAN SENATOR EUROPEAN SENATOR DfTCN SENATOR KOREAN SENATOR ror WF 010 ■F 112 lII* IF 813 25 06 Wf 014 0107 AIT 01.07 OU7 00.07 00.07 2107 Z3J7 ■1-1 ILM I M ■mnn iii Mill V.ii808 words
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Page 18 Advertisements
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Advertisement474 1988-05-30 18 Si US IN OS El MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN TAKHTI IRAN VAH DAT Singapore V* Loading for BANDAR ABBAS BANDAR ABBAS Singapore 7/S Loading for:JAPAN. KOREA Q KYOWA LINE Singapore Loading for: A VESSEL 15/6 LAE, PMB, RBL, HRA HA'):! 1 Ai CH HK474 words
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Advertisement669 1988-05-30 18 MC.S.ZjIME IMH *»»*«a« C*W*M FULLY CONTAINERISED SERVICE Hill .1 NiaiNtt-. 10 fPOM NOR'H SMI 1-1. At CONVLNTIONAL SERVICE TO PERSIAN GULF 1- UAH HUAT SMPPM WTTPL CO., (PTE) LTD. 10 Anoon Road, #14-19/20 International Plaza, Singapore 0207. FAX: 2256*4 W Taia: *****11/*****22 Tlx: R8 ***** AB LENHUAT -DAILY RECEIVING CARGO669 words
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Advertisement260 1988-05-30 18 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO AY ft MADRAS: eta 5/6 FOR: PORTO. LISBON, ORAN, BILBAO MADRK), MALAGA, MELILLA, TANGER, TENERIFE, LABPALMAB, TUNIS, VALLETTA, (RUN, CEUTA, ALGIER A ISTANBUL UiSA PORT MORESBY, RABUAL, LAE ft MADANG NOUMEA 29/6 SUVA/LAUTOKA 29/6 FREMANTLE 11/6 SYDNEY AUCKLAND, WELLINGTON, MCLBOURME LYTTLETON, DUNEDIN260 words
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Advertisement983 1988-05-30 18 m EVERGREEN Full Container Sf rvirp Round-The-World East Bound (FE/CARIB/USEC/EURO/FE EVER CUIST M 7ft Ift IM 1M lu i«k EVER GROUP 17ft lift aft an 1/7 Vi EVER OVEN M W w U tn W7 EVER GROWTH IP iP W VJ Ufl W m EVER GRAND W W W M983 words
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Page 19 Advertisements
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Advertisement895 1988-05-30 19 PACIFIC INTERNATIONAL LINES AT W\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE KOTA EAGLE MAJAPAHI7 OOVA VOY SIN JKT MY VOY 11M SUJ SU) SLD 12NB MM 4/S 7/t 22M8 MM 1M 21/• 2M MM SIN POO HKQ KAO KEE i/« i'« 1M895 words
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Advertisement490 1988-05-30 19 \a BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT m im 22* *4 m v V tp M 0 W M 4 MA rtn a/7 W I*7 W 2*7 0/7 10 «4 m 224 224 244 44 2*4 2W 4/7 «7 4/7 V V 11/7 W M/ 7 U/7 W490 words
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Advertisement492 1988-05-30 19 DJASAGETRI A Joint Europe Service Of PX DJAKARTA LLOYB P.T. 6ESUM LLOYB P.T. SAMOOBA IJMNESIA P.T. TRNCORA LLOYI EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE BILBAO ANTWERP H BURG/ R DAM/ADAM BREMEN 10/7 13/7 27/7 1/1 20/1 24/1 VSL/VOY PALEMBANG/9WB MATARAM/21WB S. PANJANG/19WB to Mkcmrml Atoe txapßng cargo to CnWni,492 words
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Advertisement329 1988-05-30 19 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHiPPiwe cnwß^Tiy (Burmese National Line) Loading for Rangoon Sport P.Ktipng Penan* Bangkok ■YORMYWA VIM 4* J«i X m-nL MYOMA WA VIM PAGAN Via PA-AM VU9K i I 1 3 'Bfl U'jAtillAliLiilU MORAYBANK VSN CLYDEBANK V23N TAMAITAI SAMOA VI3N SPORE ROAM HULL 100 if! 14/7329 words
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Page 20 Advertisements
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Advertisement556 1988-05-30 20 K'linb KAWASAKI KISEN KAISHA, LTD. ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE N. AMERICA-ATLANTIC COAST VOY *INOO 9 30/5 13 *8 9 13 19/6 •PK/PNG 31/5 7/6 •PK/PNG *INDO 5/6 6/6 12/6 14/6 19/6 11/6 25/6 26/6 N. AMERICA PACIFIC SOUTH-WEST556 words
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Advertisement344 1988-05-30 20 O'mLTT-I-AcfpMwg LCL and South Africa VAAL SS36f VENTO MKF NEDLLOYD COLOMBO NEDLLOYD COLOMBO 5234G CAAOPUS 0201G OSAKA MARU BMC eonlalnariaad carooaa Diract la Sport Durban P.EIu C Town M Zifi a* a* 20* 4/7 *r n* 12/7 up 15/7 JAR DINE SHIPPING AGENCIES (REG. 242X4/ 00K) 200 CANTONMENT ROAD #12-06344 words
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Advertisement546 1988-05-30 20 §(32 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers AGIOS AHMEAS V.C-1 I ORIENT SUCCESS V IM i S O NAGALAND VDM IB J TIGER MY V 37 10 j INDIAN COURIER V.3IN 1* J ORIENT SUCCESS V IM 22 j V. NANDINI V 52H 21 J TIGER BAY V.M a546 words
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Advertisement642 1988-05-30 20 -v CHINA OCEAN SHIPPING CO., PEKING «1 THE PEOPLE'S REPUBLIC OF QHINA V 3 WECcowvnmoiutmvKi P U«l| Peninf Ku*nt»n Dntiiution TAOJIANC an Rotterdim/Anhwrv UKC FULL COMTAPtt* ITMI PMI Pen Sport R'tai H'burf Til Kwm sua m. mm up an an im on on a* mmm 3ys m u 2M v642 words
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Advertisement515 1988-05-30 20 PHIU-OniCNT LIN€S PTC LTD M£AO Off.Cf 63 ROBINSOS ROAD -C AFRO AS;A BU'IDiN3 S'NGArOPf 01C6 TElf PS ***** PM'LI '&> ??55 f e l p O EAST/MB EAST VESSEL ETA SINGAPORE JftJt ■mM .T' "IB." if. n ><"TT t lri >i'ra rtt 1M M I JCOOAM (La) <a m •■•nil515 words
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Page 21 Advertisements
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Advertisement844 1988-05-30 21 NEPTUNE AGENCIES PTE LTD. Ft EU/AUST TP A/SEA EnqutrtM: T»l: *****77 TeraM CH BOOKINGS mum hum P Kaianf NEPUNE SON MO. mm NEPTUNE ORIENT LINES LTD EST EKSK:K:SSU«®« j lahry nepiine SON. BHD. vmmama mm zmj c 27*111 *****16 zmui vmm INWARD/OUTWARD ENQUIRIES: *****44 IJ' li.Mfi; A member o< Mm844 words
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Advertisement471 1988-05-30 21 DO* AM HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON TSTrj till A'i .1 4,k'i:» WEF JUNE:1) BUSAN SINGAPORE 2) SINGAPORE/ KEEL UNO 10 DAYS SERVICE II SERVICE!! Vessels Name ETD BS S PORE PKELANG WE BUSAN No I Donjm/KMN 11/05 31-02/ M Q2471 words
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Advertisement745 1988-05-30 21 f SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: 220C41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENAMC P. KELAMC MESSRS HAI THONC SHIPPING 127 Panan| Straat Penang. Malay** M/S HANDLING SYSTEM CO745 words
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Page 22 Advertisements
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Advertisement248 1988-05-30 22 XT SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TU 225 6868 (30 lines. FAX *****39 *****76 TUEX RS ***** A B SSCMA RS ***** A B SSCAD f PACHT SEtREEDERE I J i¥T N* carfi tar Nmi Km«. •mm. Tatya W Kato REGULAR CONVENTIONAL SERVICE 1M I > REGIONAL CONTAINER LINES BANGKOK248 words
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Page 22 Miscellaneous
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Miscellaneous161 1988-05-30 22 n m m m m c ft ss t i V 33 I °c y^s cr" Wind direction with speed Hi knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AJM. May 30, 1968 LEGEND: R Thunderstorm Temperature °C Shower Weather s~S Wind direction with speed in knots Rain161 words
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Page 23 Advertisements
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Advertisement481 1988-05-30 23 ft'FARGO SHIPPING COMPANY (PTE) LTD. No 15 Hoe Chiang Road «13-02 Sanford Building. Singapore 0208 Tel *****22 Tlx ***** FASCO a e ABC CONTAINERIZE N.V. TO AUSTRALIA/NEW ZEALAND 7 DATS TO FREMANTLE! Also accepting cargo to:AUSTRALIA —MM, Britten* NEW ZEALAND —KMlinfton. Napier Christehurch TO USA/CANADA USA —Houston, Savannah. Tampa. Jacksonville,481 words
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Advertisement153 1988-05-30 23 CSP SHIPPING AGENCIES PTE. LTO Tel *****66 (16 Lines* Fa* *****15 I G w la m i »I»m;K»HI »l\l w;n i s 3 Mil \m\ M sUtoni Voy HE VESSEL U«ICOS Voy JVN S pore to Bombay (LCL) ETD 5.6.88 S'pore to Osaka (LCL) ETD 3.6.88 S'pore to Sydney (LCL)153 words
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Advertisement752 1988-05-30 23 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. 0 IRAQI LINE IRSQI STflTf f NTf RPRISf fOR MJRITIMi T Ri*$PrRT WEST BOUND SERVICE NV ROW) RALQEES WV BARTLON ETA SPORE In Pwt THROUGH R/Lt to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQARA BAGHDAD REEFER SPACE AVAJLARU UPTO AQASA LOADING CONTAINERVCONVENTIONAI COO752 words
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Page 24 Advertisements
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Advertisement594 1988-05-30 24 FINE-LINER SHIPPING PTE LTI) n<, ii V,.,", h" ip Sr. Ml I nps) "i« Rs ,vn (iinfr ra« IT> a* IJU ■r» w M I in i*n Iw FAR EAST SERVICE 3 un W 1M M* M ilti H A :4«j f 0 Hamburg West Germany Tiger Line T ICC594 words
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Advertisement417 1988-05-30 24 ZIM FULL CONTAINER SERVICE *cc«ftM| FCL/LCL urfws to USA Eatt i M«t Coast Garribboan East Canada. HAITI Cotta Rkj. El Salvador Guatemala Hondiirai Venezuela Peru Ecuador Colombia »if Miami Trinidad Barbados. Antma St Lucia Mentiarrat. Cuayana via Kingston MONTREAL MONTREAL I."-". 1 li 2IM BRISBANE ZIM EILAT ZIM KOPER ACCEPTINB417 words
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Advertisement403 1988-05-30 24 Everett Lines/ &l COMPAMA PERUANA 9 l>f VAPORES B "PERUVIAN STATE LINE" LOADING FOR CALLAO, HAT ARAN I. N.o* AND ALL OTNOI 1 i I m \u (i fi CPV THROUGH BILL Of LADING TO FINAL DESTINATION. tounf* P. SMp^ori HUGHEVERETT $0 Jw, MANOLOEVERETT 17/11 >w JOHNEVERETT 4/5 M "EVERETT403 words
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Page 25 Advertisements
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Advertisement308 1988-05-30 25 Seabrfqge "gssimsw' SEABRIOGE TRANSPORT SINGAPORE MALAYSIA (A member of the JEURO SWOP of COMPANIES. Jo**) Singapore: *****11 Tlx: R*****1 SEAAifI Fax: *****90 Warehouee at PSA Muttlatorey Complax *****08 Malayaia: *****33 Tlx: MA37ISO Fax: *****88 WEEKLY FROM Singapore Port Kelang Penang UK/EUROPE: FAR EAST United Kington Banfkofc, Hone Kong. Kaehinf, Kaoshiung308 words
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Advertisement275 1988-05-30 25 Consolidation Service NEW CALEDONIA TAHITI SIN 6/6, 7/6 NOUMEA 7/7 PAPEETE 22/7 MAURITIUS REUNION ISLAND SIN 3/6, 29/6 PORT LOUIS 13/6 REUNION 9/7 FRANCE SIN 19/6 MARSEILLE 6/7 LE HAVRE 19/7 TRANSTAINERS DCLMASVKDEUX WEST AFRICA SERVICE CASABLANCA/NOUAKCHOTT/DAKAR/BANJUL/ CONAKRY/COTONOU/ÜBREVILLE/ P. NOIRE/MATADI Thru direct B/L to BAMAKO/NIAMEY/ OUAGADOUGOU/BANGUI/KINSHASA TTA Fril|ht Ptl Lti275 words
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Advertisement348 1988-05-30 25 LCL/FCL SERVICE if tJ IkLi ULi I Ml !iu:K!J LUCKY SEAWAY SERVICES PTE LTD Tlx: ***** Fai *****77 S.E.ASIA/CHINA SERVICES SGP PKLANC PNC FOR W SHANGHAI COLOMBO SERVICE TO/FROM SGP PKLANC PNG COLOMBO M ARABIAN QULF SERVICE KTN SGP PKLANC FOR 10* VI HOOCIOAH/JEOOAM/ADCN Sid ADENMOMRAttA CARGO ROOKING; MALAYSIA: EJMLAYSIA.348 words
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Advertisement548 1988-05-30 25 FMrTrSrSI TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* sP m n K« KAON GLORY SELATAN VI I*s Zl/S GLORY SELATAN VIII V.71 SID JM GLORY SELATAN VII VH 2S/S 30/5 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON REGULAR LINER548 words
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Advertisement359 1988-05-30 25 PIC CONTAINER LINES FCI ICI SERVICE 5/6 KEELUNG/KAOHSIUNG 4/6 BANGKOK 4/6 MANILA 4/6 JAKARTA 4/6 PORT KELANG/PENANG 30/5 BUSAN 3/6 TOKYO/YOKO/KOBE 31/5 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/ Xingang/Shanghai 31/5 RDM/HAM/ANT/LE HAVRE/GENOA V.Jt 8/6 L.A./NYC/SFO 8/6 VANCOUVER/TORONTO/MONTREAL L! i 111 6/6 SYD/MELB/ADEL/FREM 4/6 AUCKLAND/WELLINGTON i;.\ M.iVi .it 7359 words
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Page 26 Advertisements
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Advertisement303 1988-05-30 26 Hai Sun Hup Co (Pte) Ltd T EI *****06 (20 Lines) TLX HS ***** RS ***** jfc 1 \SI I K\ K I I\ I K. Ill) IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE PK DBN WL vjt m 1/7 tp a/7 'Also calls LI. I P.E. GENERAL303 words
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Advertisement398 1988-05-30 26 CGMi FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CAN ADA/MEXICO AND FRENCH WEST INDIES For Gulf Miami, Mobil*. Now Orleans Houston/Mei ico Vera Cruz, Mexico City Also serving Halifax. Montreal. Toronto. New York. Baltimore. Portsmouth. Norfolk, Savannah/FRENCH Indies Port Oe France. Pointre A Pitre, Oetrad D. Cannes398 words
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Advertisement123 1988-05-30 26 ULTIMATE FREIGHT SERVICES PTE LTD T«fc *****11 Tlx: ***** Fas: 224MR2 LCL Acceptance ROTTERDAM Closing 1/6 Noon \29 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES NHHMHUU SHIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** BALTIC ORIENT SHIPPING PTE LTD. REGULAR CONTAINER SERVICE TO CALCUTTA123 words
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Advertisement835 1988-05-30 26 MJWMKcj CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 •04-*****2/4, *****3 •07-*****8 •07-*****3, *****5, *****0, *****1 '02-*****22 *****88 FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEOCR >. BUTANC 447 B. BUTANC 44) B. BUTANC 4SI OTHER OCSTINATIONS AARHUS. AMSTERDAM AMYWW nat BRQItRNAVCN, COPENHAGEN. HELSINKI. MALIK),835 words
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