The Business Times, 19 July 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, JULY 19, 1988 75 CENTS
    11 words
  • 265 1 AFP Dow lower WALL STREET stocks remained widely lower but blue chips were recovering. Iran's firm acceptance of the United Nation's cease-fire order helped stocks recover. Analysts said stocks levelled off when commodity futures contracts fell sharply. The Dow was off 16 at 2113 but fell earlier
    AFP  -  265 words
  • 674 1  -  By ROSIE TAN,LISA LEE In Kuala Lumpur MALAYSIA is giving a further boost to its efforts at corporatising its stockbroking industry by allowing foreigners to increase their equity stake in local broking firm to 49 per cent from the current 30 per
    674 words
  • 682 1  -  Property unit to be listed on stock market By RAMESH CHANDIRAMANI, Special Correspondent COLD STORAGE Holdings PLC. one of Singapore's oldest foodbased companies, is to bring home its foreign domicile and float its principal property unit on the Stock Exchange of Singapore. Financial
    682 words
  • 322 1 THE SINGAPORE stock market yesterday started the first day of the trading week on an upbeat note with sentiment apparently boosted by Friday's 15-point rise on Wall Street. The rise followed a smaller-than-expected US May trade deficit of U5510.93 billion againat a $10.30 billion shortfall
    322 words
  • 346 1 Agencies IRAN has accepted a United Nations call for a ceasefire in its war with Iraq. Iran's announcement yesterday came one day after Iraqi President Saddam Hussein urged Teheran to accept an "honourable" peace, as represented by the UN resolution. He cited Iraq's recent battlefield
    Agencies  -  346 words
  • 150 1 Reuter OIL PRICES jumped yesterday after Iran's news agency said Iran has accepted a UN Security Council resolution calling for a Gulf war ceasefire, traders said. North Sea brent blend, the most widely-traded international crude, jumped 25 US cents a barrel to be quoted for
    Reuter  -  150 words
  • 173 1 THE US DOLLAR, bolstered by news last Friday of a better-than-expected US trade deficit, yeaterday aoared to an eightmonth high of 135.43 yen in Aaian markets. After hitting this year's peak at 135.43 yen, the greenback cloeed in Tokyo at 135.15 yen, slightly lower than
    173 words
  • Page 1 Advertisements
    • 227 1 Nikon The World's Finest Photographic System Call for dfflsrsnl standards In corporals disclosure Towards a global marfcst, Pags 17 Take up high living at Penthouse 6 Room at the top at down to earth prices 85 for Single Room $100 for Double Room From 18 April to 31 August 1988
      227 words
    • 360 1 Overhaul for Airbus? THE AIRBUS PROGRAMME, started two decades ago as an experiment in European collaboration, seems finally to be approaching cruising speed. An independent report concluded, however, that the programme risks floundering on uncontrollable losses and production delays. The report calls for an immediate and radical overhaul of management.
      360 words
    • 9 1 (*;`<+^~^$!,$*{-@*?|[`.;\}(("$) Gaddafi supports Iraqi propoaala to and war, PAGE 4
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      50 words

  • HOME NEWS
    • 638 2  -  Contractors seek clarification of new contract terms By LEE HAN SHIH, Property Correspondent A SERIES of events has put contractors specialising in public housing work in a tight squeeze. At one end, they are confronted with rising wages and
      638 words
    • 456 2  -  By LILIAN ANG BARELY FOUR MONTHS after it began production, a precision engineering company has received up to $4 million worth of orders for its moulds and automation equipment. The recently-formed Kinergy Private Limited, which was officially opened yesterday, will have
      456 words
    • 174 2 NOTE CHANGING MACHINES at MRT stations will now only swap $1 notes of the new ship series for $1 coins, Singapore MRT Ltd (SMRT) announced yesterday. The machines used to accept both $5 and $1 notes, of both the old bird series and the ship series,
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    • 480 2  -  By TONG SUIT CHEE FINANCIAL INCENTIVES for the sprucing up of traditional shophouses in Singapore's historic areas have been welcomed by conservationists and developers. The government last week announced the waiving of development charges and a car park deficiency charge for conservation projects in Chinatown, Kampong Glam,
      480 words
    • 302 2 TWO CONTRACTS worth more than $24 million have been awarded for an automated flood control system in the Tanjong Katong residential area. Sembawang Construction Pte Ltd. a subsidiary of the Sembawang group of companies, has been awarded a $16 million contract by the Ministry
      302 words
    • 333 2 COMPANIES that fail to hold annual general meetings and to file their annual returns are in for stiffer fines, as 11 companies found out yesterday. Instead of paying a fine of just $250. they were made to pay $500 each. And had the court brought
      333 words
  • Page 2 Advertisements
    • 179 2 WW Credit POSB. The most affordable way to own your home. We have revised our rates, downwards to give you the most affordable home financing package ever. No frills. No strings attached. No catches. Just the most practical and most realistic terms so that you own your home without too
      179 words
    • 3 2 LmkSW, PAGE 6
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  • Page 2 Miscellaneous
    • 98 2 V/S/'' Singapore OUTLOOK: Fair. R«poft for 24 hours prior to 7.30pm on July 18 at tte airport; Mr* of aunahina.... 10.40 Rainfall in mm nil RaMaN Ma mlh... 261.4 Rainy days this mlh... 10 Monlraal Moicow Nassau Naw Dalhi Naw York Nicotic Oslo Porij Parlh Rio 'Jooairo Roma Son Frh'co
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  • ASIA-PACIFIC
    • 367 3 Reuter FRESH ETHNIC violence has swept southern Pakistan where at least five people died in riots on Sunday and a curfew was clamped on Hyderabad in the volatile Sind province. Four people were killed and 20 injured in Hyderabad and one policeman was
      Reuter  -  367 words
    • 203 3 AP FORMER PAKISTANI Prime Minister Mohammad Khan Junejo has asked the president to set immediately a date for elections for a new national assembly. "The days of personal rule in Pakistan are over," Mr Junejo told a Sunday crowd of more than 1,000 supporters at
      AP  -  203 words
    • 94 3 AFP SINO-SOVIET trade soared in the first six months of the year to US$l.3 billion a 32 per cent gain over the same period last year according to the China Daily newspaper yesterday. The growth was in line with Soviet and Chinese predictions that
      AFP  -  94 words
    • 200 3 AFP JAPAN will continue to inspect imported foods for radioactive contamination after October when the system was originally due to end. Japanese Health and Welfare Ministry officials said yesterday. The system was introduced in November 1986 after the Chernobyl nuclear power plant
      AFP  -  200 words
    • 204 3 AP PREMIER Turgut Ozal has said his ruling party will seek to hold nationwide local elections next October, five months ahead of schedule. Turkey's Constitutional Court, acting on the request of the opposition Social Democrat Populist Party, annulled a law in June
      AP  -  204 words
    • 111 3 Reuter NEW ZEALAND Prime Minister David Lange returned to work yesterday after hospital treatment for a heart complaint. Mr Lange, 45, was admitted to an Auckland hospital with flu and chest pains on July 2. He later received treatment to widen a heart
      Reuter  -  111 words
    • 643 3  -  Facility nevertheless 'very important' By HARISH MEHTA of the Foreign Desk THE US could "dispense with" its naval base in the Philippines if required, US Navy Rear Admiral David Rogers said in Singapore yesterday, but he hoped his country would not have to vacate
      643 words
  • Page 3 Advertisements
    • 232 3 j? a**fc> *k *w^ •f" H' Iff v>.< w t fit f Y* K. v- >1 i-» •/> Ik n (Ns< as i jj f *%jM i w Z^mEr./ /w ■J *f a <Mvs. i*. <*4 'Cit. i -^9 091 wi|g- -*'J£'m&r ■wv WJS§ kC <a^" *fr -V. li-Jf i
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  • REST OF THE WORLD
    • 512 4 Unified Democratic Party platform predicted Reuter JESSE JACKSON predicted on Sunday that the Democratic Party would emerge from this week's convention united behind Michael Dukakis, but he retained the option of mounting a bid for the vice-presidential nomination. As top aides to Rev
      Reuter  -  512 words
    • 294 4 Reuter FORMER senator Gary Hart, who blamed media nosiness for wrecking his chances of becoming the Democratic presidential nominee, has turned up at the party's convention as a newspaperman. The former frontrunner in the primary campaign, whose candidacy was shattered last March when the press exposed
      Reuter  -  294 words
    • 135 4 AFP THE NORTH Atlantic Treaty Organisation (Nato) will give "great consideration" to the Warsaw Pact's proposals to reduce conventional armed forces in Europe. a Nato spokesman has said. But he added that Nato would have to study the proposals made last Saturday in
      AFP  -  135 words
    • 171 4 Reuter BRITISH inflation is set to rise temporarily above 6 per cent in early 1989, aided by a further half or one-point rise in clearing bank base lending rates from 10 per cent, the independent ITEM (Independent Treasury Economic Modelling) Club of economists said.
      Reuter  -  171 words
    • 344 4 Reuter SEVERAL THOUSAND people marched to a chemical plant to demand its immediate closure on Sunday night after a tank explosion and fire there sent a cloud of dark, acrid smoke over neighbouring towns. About 20 people were admitted to hospital complaining of headaches,
      Reuter  -  344 words
    • 214 4 AFP LIBYAN leader Colonel Moammar Gaddafi has come out in support of proposals by Iraqi President Saddam Hussein to end the Iranian-Iraqi war. Col Gaddafi also repeated his earlier suggestion of forming an Islamic force to be deployed as a buffer between the
      AFP  -  214 words
    • 291 4 Reuter GREECE and France have agreed to join forces in an effort to find the guerillas who attacked a tourist ship last week, killing nine people and wounding 80. Greek Foreign Minister Karolas Papoulias and French Foreign Minister Roland Dumas announced
      Reuter  -  291 words
    • 283 4 NYT NIGERIA, Africa's most populous nation, plans to ban all cigarette advertising by the end of this year. "We are going to ban all newspaper, radio, television and billboard advertising," Nigeria's Health Minister Olikoye RansomeKuti said in a recent interview. "We are going to
      NYT  -  283 words
    • 399 4 AP THE EGYPTIAN police are on a state of alert after three former army officers, convicted in the 1981 assassination of President Anwar Sadat, escaped from a maximum-security prison. The escapees, members of a Muslim fundamentalist organisation Known as Jihad, or Holy
      AP  -  399 words
    • 1038 4 ARRIVALS Operator Service Local From number time SU SQ11 0040 LAX/NRT UAL UA805 0045 SFO/HKG CAL CI341 0155 TPE NCA KZ205 0215 NRT AKL U1455 0255 NRT FTl FT75 0256 ATL/OFW/ORD ANC/NRT/MNL/ TPE JAL JL617 0340 TYO CAL CI333 0405 TPE MAS MH603 0620 KUL ACA AC584
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  • Page 4 Advertisements
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    • 61 4 rI V J m \r\ If I V The business person's choice, every I I II 111 I T uesdov. Thursday. Saturday and I 1 Ml %l II m Sunday Leaving Changi Airport at I JL 22 05 hours and arriving at Lester B. Pearson International Airport the following dav
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  • Page 4 Miscellaneous
    • 45 4 m m Vt m wm jylyih m ft ■w 5»«5 I 111 ill 51^ I 4 IJIIHI I 111 I m 2 <• NOT R3AUY, SIR... IK immai (o| (nj 06 0 g gj I 111/ ll 111 m Ml 11 Mil n? «5 a a
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  • Page 5 Advertisements
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  • PERSPECTIVE
    • 512 6 Conservation two more steps FROM SOMEWHERE at the bottom, conservation has been brought to near the top of the government s list of priorities. The process has been a gradual one, too gradual for parts of Chinatown, a Malay fishing village at Sembawang and other areas which have been razed
      512 words
    • 535 6 FT AFTER TWO MONTHS investigating the tangled European Airbus programme this year, four "wise men" appointed by its government backers were able at least to establish one rock-hard certainty. In the words of one of them, Dr Peter Pfeiffer, a Bavarian banker: "Nobody in
      FT  -  535 words
    • 1391 6  -  Europe's Airbus project is one of the continent's most heavily-backed industrial ventures ever, but it has now reached a critical point in its development. GUY de JONQUIERES examines its prospects. GUY de JONQUIERES FT TWO DECADES after it was launched as a tentative and idealistic
      FT  -  1,391 words
    • REGIONAL VIEWPOINTS
      • 253 7 Our weekly summary of what othar publicationa hava to aay about Issues of regional interest ASEAN "Behind the facade of amiable visit exchanges between officials that seem to enhance the association's pride in its unity there looms the shadow of human nature's baser instincts. Left uncontrolled, it tends,
        253 words
      • 266 7 "In the complicated, subtle minuet of dialogue and diplomacy that is an Asean conference, the organisation tends to become obsessed with particular issues and avoid tackling more pertinent and potentially divisive South-east Asian affairs. The latest meeting of Asean foreign ministers and their coun- terparts from more
        266 words
      • 279 7 INDONESIA "With the US Secretary of State in Jakarta, the question of USIndonesian relations once again comes to the fore. The fact that Indonesia and the US are now steady friends', as Foreign Minister AM Alatas so aptly described it, does not mean that there are no
        279 words
      • 265 7 JAPAN "in most countries, a businessman will usually take a cut in pay to hold a government job. In Japan, it is apparently the other way round. The financial scandal now jolting Tokyo demonstrates that links between politicians and major companies, in Japan and no doubt elsewhere,
        265 words
      • 154 7 SOUTH KOREA "South Korea, beyond all its other recent surprises, is talking about performing a Chinese switch. A country habitually bracketed with Taiwan as the latter's bedfellow in fortune is eyeing the ampler pillow of relations with Beijing. By all accounts, South Korean trade with mainland China, though
        154 words
    • 1272 7  -  Britain's high-tech manufacturers cannot find the right people to fill jobs and the shortage of skilled workers will multiply. WARREN GETLER reports. WARREN GETLER IHT THE "HELP WANTED" sign at Vandervell Ltd has been posted since last November. For eight months, the maker of
      IHT  -  1,272 words
  • Page 6 Miscellaneous
    • 654 6 CRYPTIC PUZZLE ACROSS 3 They're taken to be progressive (5) S I fool around with the manuscript (5) 10 Prepared to talk about money (5) 11 Pole, is he? (3) 12 Sing like a baby (5) 13 Picture made in black and white usually (7) 15 Waters used by a
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    • 1262 6 to aos> aaoiß B 12 7.30 PM Opening Announcement and Programme Highlights followed by Carol Burnett And Friends. Jack Cassidy appears as guest on tonight's show. 8.00 In Search Of The Trojan War The Age Of The Heroes (See highlights). 9.00 To The Manor Born (r. Last episode). 9.30 Cultural
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  • Page 7 Advertisements
    • 249 7 What a Beautiful Investment In Singapore's most luxurious condominium. WHEN ARCADIA was built, the developer, Singapore Land Limited, retained a number of apartments, maisonettes and penthouses these are now being released for sale, providing investors with a blue chip offer. These are some of the things written about ARCADIA. "One
      249 words
    • 135 7 Opinions may differ. But they hardly do on this point. n i M r™:~-Ittt-r ww- s TSZZV. :3 BLAUPUNKT BOSCH Group It's a small point But It makes a world of difference. Some crave power. Others set great store by a car's length. Others won't do without a 4-wheel drive.
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  • COMMODITIES
    • 619 8 NYT A WIDELY anticipated collapse of production restraint within the Organisation of Petroleum Exporting Countries has combined with political discord to clear the way for what many oil industry officials describe as a free fall in oil prices. Long-simmering hostility within Opec,
      NYT  -  619 words
    • 487 8 Bernama THE UNITED STATES has been urged to revise its proposal to link tropical products negotiations with agricultural products at the Uruguay Round multilateral trade negotiations (MTN) so that results could be obtained by the end of the year. Chairman
      Bernama  -  487 words
    • 345 8 Reuter A WORLD SHORTAGE of cyanide is curbing the growth plans of Australia's booming gold industry, chemical and gold companies said. "Cyanide is in very short supply and I expect it to stay that way for at least another two years," ICI Australia
      Reuter  -  345 words
    • 313 8 HONGKONG: Gold closed lower yesterday, depressed by the strong US dollar after the announcement of a smaller than expected US May trade deficit. Light selling by local and Japanese investors in quiet trading pushed prices down and the metal ended the day at U*****.10/60 an ounce against an
      313 words
    • 126 8 Bernama THE MALAYSIAN Agriculture Ministry is still looking into how best to implement the log book system to discourage fishermen from landing their catches in other countries. Stating this on Sunday, Agriculture Deputy Minister Datuk Alex Lee hoped the move could be expedited as
      Bernama  -  126 words
    • 105 8 AFP THE CHINA National Offshore Oil Co has reached an agreement in principle with Arco China Inc, a unit of Arco of Los Angeles, to develop a gas field in the South China Sea jointly. The official China Daily newspaper reported last Saturday that
      AFP  -  105 words
    • 155 8 AFP A 10-DAY killer heat wave in China's eastern Jiangsu province has scorched more than two million hectares (five million acres) of prime farmland in one of the worst droughts in 100 years. The official New China News Agency (NCNA) said about 33.400 hectares (82.498 acres)
      AFP  -  155 words
    • 82 8 AFP THE PHILIPPINE coconut industry's campaign against an anti-coconut oil bill in the US Congress has been bolstered by the support of President Ronald Reagan's administration. The United Coconut Association of the Philippines said on Saturday that US Assistant Trade Representative Peter Allgeier had told
      AFP  -  82 words
    • 177 8 HEAVY DISPOSALS by miners doe to accumulallon over the weekend saw the KLTM prict fall flva cants to Msls.7s a kg in fairly actlva trading yeaterday. Last waak'a staadinaaa attracted Incraaaad otters of 211 tonnes at tha start but strong Europaan damand halpad to limit tha price decline
      177 words
    • 287 8 Malaysian crude palm oil futures closed down the Msso limit yesterday on profit-taking and speculative selling on reports of showers at the weekend in the US Midwest and forecasts of more rain to come. A lack of a clear lead from the Chicago soyoil complex on Friday also
      287 words
    • 224 8 Bernama MALAYSIA is to ask the US to review the countervailing duty it imposed on Malaysian steel rods. Trade and Industry Minister Datin Paduka Rafidah Aziz said during the weekend that the US government recently decided to impose the duty on grounds
      Bernama  -  224 words
    • 172 8 AFP CUBA'S 1987-88 sugar cane harvest fell short of the eight million tonnes projected by government officials, making it difficult for the country to fulfill its export commitments. analysts in Havana said. Reviewing the harvest figures during the Communist Party's Central Committee
      AFP  -  172 words
    • 341 8 SMGAPORE The rubber market closed higher yesterday with August 1 RSS buyers price quoted at 253.50 cents/kg. Opening prices were marked up three cents in line with firmer Japanese prices, and then fluctuated within a narrow range on some speculative buying interest in quiet morning trading. Prices gained further
      341 words
    • 291 8 RAS prices ms« ante** FOB In bah M NOON CLOSE Buyers Seller* Buyers Sellers ln» 1 RSS Prompt 252.50 254JON 253.00 255.00N Int 1 RSS Aug 88 l 253.00 254.00N 253J0 254JON Int 1 RSS Sep 254JO 255JON 255.00 256.00N Int 2 RSS OP 251.00 253.00N 251
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    • 76 8 (carm/kg) AUGUST 1988 SEPTEMBER 1988 (currant month) (forward month) RAS NOON •vyafi Saltan NOON >oyar« Saltan SSB 30 226.50 228.50N 226.50 228.50N SSI 50 224.50 226.50N 224.50 226JON* MRELB Bvyan Saltan Iwyart SMI cv 501.00 503.00N 503.00 505.00N SMI I 501.00 503.00N 503.00 505.00N SMI 5 309.00
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    • 197 8 Chinese Produce Exchange Sollori' neon doting pr kos on July 18 (SS/100 kg) Coconut oil Bulk FOB 130.00 Otd drum FOB 140.00 Now drum FOB 144.00 Copra Mixod (Ioom) 73 tollers Pepper Munfok whrte FOB NLW 952.50 Sarawak wttlto FOB foq NIW 937.50 Sarawak iptcial black FOB NLW
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    • 231 8 Bernama MALAYSIA'S crude palm oil (CPO) production in June rose 21.7 per cent to an estimated 479,700 tonnes, the Palm Oil Registration and Licensing Authority (Porla) said. Of the total, 423,300 tonnes were from Peninsular Malaysia, up 21.9 per cent, and 56,400
      Bernama  -  231 words
    • 92 8 Directionless and listless Monday with no serious trades in the market. Most were more concerned with their paper work. Closing prices for crude (FOB origin) US$/borr#J Chang* Taph (Aug) 14.20 undi Main (Aug) 14.85 unefc Duboi (Aug) 12.55 0.15 WK T««cti WTI (Aug)* 14.90 0.07 N#w York
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  • Page 8 Advertisements
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  • Page 9 Advertisements
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  • Page 10 Advertisements
    • 743 10 IBM Announces: The beginning of the end of mid-range limitations. The Application System/400 With the Application System/4007 IBM introduces more than a completely new mid-range family. We introduce a completely new level of expectation: Mid-range without compromise. The IBM AS/400is a new single-architecture mid-range family that can offer a twenty-fold
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  • Page 11 Advertisements
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      89 words

  • SPORTS & LEISURE
    • 928 12 AP FLORENCE GRIFFITH JOYNER proved on Sunday that her world record in the women's 100 m dash was no fluke, while venerable Edwin Moses and resilient Mary Decker Slaney ran outstanding finals races in the US Olympic trials in Indianapolis. Griffith
      AP  -  928 words
    • 690 13 UPI THIRD-ROUND leader Nick Price, chasing his first major tournament victory, agreed last Sunday with his more experienced rivals in the British Open on one thing: what matters is the final day's play. "The back nine in any championship is where it all counts,"
      UPI  -  690 words
    • 547 13 AP HUBERT GREEN didn't get mad. He didn't get even, either. And that's the problem with the taunted, goaded US players in the 117 th British Open Golf Championship. They've been angered privately. quietly, and not for publication but
      AP  -  547 words
    • 453 13  -  By WALTON MORAIS IN THE HEATED CAULDRON of athletic competition, sometimes the most revealing moments are expressed by the participants themselves. Such a moment came last weekend when Samson Gimson surged towards a 21-stroke triumph in the SICC Open Invitation golf championship. As
      453 words
    • 171 13 AP MASSIMO GHIROTTO of Italy won the 14th stage of the Tour de France last Sunday after France's Philippe Bouvatier and Britain's Robert Millar took a wrong turn while leading the race less than 300 m from the finish. "There was a
      AP  -  171 words
  • Page 12 Advertisements
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      262 words
    • 159 12 MING PALACE OR POOLSIDE STEAMBOAT J 77* watering meal... mmrr then take a second helping or more. Share an all-you-can-eat steamboat with family and friends today! Price: SSI 5.00 (per adult) SSI 0.00 (per child under 12 yrs) im Time: 7.00 pm-10.30 pm daily 'lim ~j|» g™ Call *****33 ext
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      216 words
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      231 words
    • 37 12 ■H W S/ 3 Coleman Street Singapore 0617 o Tel 337;?00 Unlimited Order From Over 40 Sichuan Dishes. -$12 ++Per Person (Mm. 2 Persons) Lunch Sp^W Ckitiaimft Te1:*****66 x 'mm ISMGAPOR€ The teriice of yeiteryear lives on.
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  • Page 13 Advertisements
    • 306 13 and entertain -t rs Be a Steamboat Chef! July 15 to 24 We're Dringing bock me Steamboat Buffet to the Cate-h-the-Poik Select from a generous array of the freshest chicken. beef. pork, seafood and vegetables from the butet table Then cook It at your table in a merrily boiling clear
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  • Page 13 Miscellaneous

  • MONEY AND EXCHANGES
    • 1623 14 OCBC Reuter SINGAPORE: The US dollar yesterday closed easier against most major currencies from New York level. Against the Singapore dollar, the US dollar closed marginally easier at 2.0538/46 in torpid trading. It traded within a range of 2.0545 and 2.0530. It opened initially at 2.0535/45. Dealers said
      OCBC; Reuter  -  1,623 words
    • 228 14 IMM currency futures closed sharply lower on Friday and near the lows of the day set late after a hectic session following the release of US trade data. Futures firmed slightly just after the opening on an upward revision in the April US trade deficit to US$lO.3O billion, but
      228 words
    • 203 14 ASIAN DOLLAR deposit rates closed steady at opening levels yesterday, with trading quiet in the afternoon after a moderate morning session. us$ OFF€R WD 7 days 8 1/16 7 15/16 1 momti 8 1/16 7 15/16 2 i»ooihs 8 3/16 8 1/16 3 months 8 3/8 8
      203 words
    • 221 14 Reuter THE US dollar, which shot up on Friday after better-than-expected US trade figures for May, seems set to climb even higher in the coming weeks, currency experts and economists believe But their optimism is tempered by concerns about the impact of a dearer
      Reuter  -  221 words
    • 62 14 THE OVERNIGHT rate on the Singapore money market rose 1/8 point to close at 4-1/2 per cent yesterday. One and two months were unchanged, three months fell 1/16. S$ Interbank rates at the close yester day: Off* MO Owfni«h> 4 1/2 4 1/4 1 -month 4 5/16 3/16
      62 words
    • 102 14 Treasury bills Period Issue Yesterday's closing Day's code Maturity RID OFFER HIGH LOW 3 months BQ*****W 13.10.88 3.90 3.85 3.91 3.88 6 months BY*****T 24.11.88 3.97 3.92 3.95 3.95 1 year BY*****Z 23.03.89 4.06 4.01 4.05 4.02 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
      102 words
    • 188 14 Indicates the average of the prime lending rates ol 12 major banks in Singapore Interbank market rates (offer/bid) on July 18 us$ DM SWFC Y«n 7 days S 7 7/8 10 9 3/4 4 3/4 5/8 3 3/4 5/8 4 7/16 5/16 1 m*> •o K I
      188 words
    • 454 14 EURODOLLAR futures opened unchanged from Chicago's close and traded quietly in narrow range on Simex yesterday as near term direction of US interest rate and the dollar remained uncertain. The Sept contract opened at 91.64 and traded from 91.64 to 91.66 in view of the relative strong US dollar,
      454 words
    • 1423 14 CURRENCY FUTURES OPTIONS Monday, July 18, 1988 DEUTSCHE MARK (SIMEX) Aug M cat Htoh Low la Sat) Aug SS puis Htah Law SaP 53 54 55 56 57 58 59 60 12 12 7A 3A 2A 12 4 2 1 CAS 478 1008 1808 2708 368B 43 47 104
      1,423 words
  • Page 14 Advertisements

  • BANKING AND FINANCE
    • 243 15  -  By LEONG WEN WAH THE Hongkongßank group is expanding its insurance broking business in Singapore by acquiring a local insurance broker which specialises in marine insurance. Carlingford Insurance Brokers Singapore Re Ltd, a whol-ly-owned unit of the Hongkongßank group, acquired Hsing Loong Insurance Brokers (Pte) Ltd
      243 words
    • 262 15 Reuter PANAMA has authorised its banks to further loosen restrictions on withdrawals imposed last May, according to the president of the Private Banking Association on Friday. Edgardo Lasso said that the Government Banking Commission, of which he is a member, authorised the 84 general licence banks
      Reuter  -  262 words
    • 174 15 Reuter THE DAIWA BANK Ltd is ready to expand its retail banking business in the British colony after taking over the nine existing branches of the Rainier International Bank, said Koichi Hayashi, deputy general manager of the bank's Hongkong branch. Rainier
      Reuter  -  174 words
    • 649 15 Reuter NEW RESERVE BANK governor Don Brash is likely to lead New Zealand's central bank along a more independent path when he takes up his position in December. "It is my impression that the policy is leaning towards somewhat greater
      Reuter  -  649 words
    • 176 15 AN NEC computer system costing $1.6 million will enable the Post Office Savings Bank (POSB) to verify customers' signatures at the speed of light, according to a press statement from NEC Singapore Pte Ltd. NEC's Signature Inquiry System (SIS) will be installed in
      176 words
    • 763 15 NYT BANK HOLDING companies in the United States must raise billions more in new capital than their overseas counterparts under a Federal Reserve plan to increase capital requirements, according to calculations by the Federal Deposit Insurance Corp. As a result, there
      NYT  -  763 words
    • 376 15 Reuter THE GROUP of 10 will concentrate on defining the risk of interest rates and investment in securities now that it has drawn up guidelines regulating capital adequacy of internationally active banks. In its final report on capital guidelines approved
      Reuter  -  376 words
    • 884 15 NYT FEARS OF A RESURGENCE of inflation cast a pall over the US credit market last week, and investor confidence in fixed-income securities is expected to be further undermined in the foreseeable future. While interest rates have been ratcheting up for
      NYT  -  884 words
    • 201 15 Reuter RISING US interest rates and higher demand for riyals have pushed fixed-dated Saudi deposit rates to their highest levels since October, dealers said. Banks were reported seeking riyal funds for settlement yesterday on last Saturday's third 1.5 billion riyal offering of Saudi
      Reuter  -  201 words
    • 226 15 Reuter THE NEWLY-CREATED National Bank for Cooperatives in the US could offer loans at 20 to 25 basis points lower than individual banks or cooperatives were able to offer before voting to merge, according to bank officials in Washington The bank, part of
      Reuter  -  226 words
    • 138 15 Reuter PRELIMINARY estimates indicated that total lira and foreign currency bank lending in Italy rose around 10.5 per cent year-on-year in June after increasing a I provisional 10.9 per cent in May. the Bank of Italy said. Year-on-year growth in lira credits during June j
      Reuter  -  138 words
  • Page 15 Advertisements
    • 424 15 THE COMPANIES ACT, CAP. 50 GUAN BENG HUAT FOOD INDUSTRIES (PTE.) LTD. (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN, that the creditors of the abovenamed company, which is being voluntanly wound up. are required on or before 19th August 1988 to send in their names and addresses with particulars of
      424 words
    • 596 15 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I Ong Sea Yong of No 458 C West Coast Road Singapore (0512), has applied for a Retail Beer shop licence in respect of premises at M/s Leong Ngee Hiap Kee Provision Shop at Blk 259 No: 01-443 Jurong East Street 24 S'pore
      596 words
    • 224 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ZAMBOANGAN SAKATA TRADING PTE. LTD. (Members' Voluntary Winding Up) NOTICE IS HEREBY GIVEN In pursuance of Section 308<1) of the Companies Act Cap. 50. that a final general meeting of the abovenamed company will be held at the office of Lee
      224 words

  • STOCK EXCHANGE OF SINGAPORE
    • 45 16 Company BONUS ISSUE Metro Hldgs On*-forfiv» Ex-dot*; Jul 8 Boob dot*: Jul 20 Tranjmarco On*-far-lour Ex-dot*: Jul 8 Books do** Jul 20 S P P On*-tor-two Ex-dot* NY A Books dos*: Aug 1 Tuan Sing On*-(or-10 Ex-dot* NY A Books dot*: Aug 1
      45 words
    • 270 16 Company RIGHTS ISSUE A M D B One-tor-tour Q $050 per ihor# C 1 Holdings 27 million loon stocks in the ratio of $3 loon stock for every fiva ordmory -k. L-1J C K Tang JnQrfJ IWO. One-tor-two Q $2.25 par shore Eodi rights comas with two detochobie
      270 words
    • 174 16 SATERAS RESOURCES (Malaysia) Bartiad: EGM at 2nd Floor Bangunan Sateras, 152 Jalam Ampang, ***** Kuala Lumpur tomorrow at 11am. GB HOLDINGS Limited: AGm at 26 Jalan Terusan, Jurong Town, Singapore 2261 on Thursday, July 21, at 10am. BUKIT Sembawang Estates Limited: 22nd AGM at 19th Floor, OCBC Centre,
      174 words
    • 291 16 Managers' prices Jopon Gr fund 1.46 i.»i for July 19 Shenton Thrift fund 0875 0875 Singapore Unit Trust UOB Management The Commerce 103 1 10 Unifund 0 96 Unibond 1 01 098 1005 The Sowings fund 091 097 S'pora Prog Fund 043 047 S pore Sec fund 072
      291 words
    • 706 16 SUSTAINED BULLISH sentiment sent share prices higher across-the-board as investors bought into consumer-based and marine stocks in a day of smooth and active trading. Confirming views that the bull has replaced the bear market, share prices extended last week's rise on convincing
      706 words
    • 5279 16 Gr's Or* a 11 m T«t Last Dtv Dtv rid Net Vol Day Laet O note High Low Cod* Company Sale oc- C'vr P/E (000) Hffln Low 1 luyer9 •oiler SECTION ONE INDUSTRIAL ft COMMERCIAL ADEF A m 1005 1005 ADEF B 1005 130 95 t e
      5,279 words

  • COMPANY NEWS
    • 389 17 RBI THE SPONSORS of the Annual Report Award (ARA), now in its 15th year, have decided to break up the awards into two categories one for the single industry and the other for multi-industry companies. This format replaces the previous year's main award, the
      389 words
    • 544 17  -  By CORRINA LIM APOLLO ENTERPRISES Ltd, which is controlled by the Tan family, is said to be the target of a management buy-out by its Indonesian directors. Market talk has it that Apollo managing director Tjia Eng Soei and the other members of the Tjia
      544 words
    • 504 17 AUSTRALIAN FOOD group Goodman Fielder Wattie (GFW) is expected to launch a hostile bid for UK-listed Ranks Hovis McDougall (RHM) in which it already holds a 29.4 per cent stake. According to a London Sunday Times report, GFW is considering making an
      504 words
    • 553 17  -  By LISA LEE in Kuala Lumpur THE EMERGENCE of multinational firms in the securities industries has been phenomenal as more and more broking firms expand overseas. But while there have been great strides in the last few years to develop a network of cross-border relationships, there
      553 words
    • 279 17  -  By ROSIE TAN In Kuala Lumpur THE STANDARD and level of disclosure for companies in Malaysia should be modified to account for differing user needs. This was suggested by Professor Hamzah Ismail, professor of Accounting at the Universiti Kebangsaan Malaysia in Kuala Lumpur.
      279 words
    • 197 17 FT BOUSTEAD PLC, the once ailing overseas trader which has been restructured by a new management. is making three UK acquisitions for a combined £17 million. These are the company's first purchases since Mr Michael Noakes. previously a divisional director of BTR, was brought in as
      FT  -  197 words
  • Page 17 Advertisements
    • 171 17 BULLS OR BEARS. Whichever way the stock market is heading, you can look to us for financial assistance to help build a sound investment portfolio. Our Share Financing Scheme provides up to 70% financing. And at rates as low as 6.75 p.a. Find out more. Call 222-1355 today. Standard Chartered
      171 words

  • REGIONAL MARKETS
    • 412 18 Strong backlash to restructuring plans Reuter SHAREHOLDERS in ATV Holdings Ltd are apparently not very happy with the company's latest proposed restructuring. They showed their discontent by chopping more than 15 per cent off the value of its shares when trading
      Reuter  -  412 words
    • 457 18 Reuter BOND CORP Holdings Ltd has secured about 24.4 per cent of its takeover target, the Bell Group Ltd of Robert Holmes a Court. Bond said in a statement yesterday that on-market purchases, under a special dispensation from securities officials, had
      Reuter  -  457 words
    • 3347 18 CONTINUING last week's uptrend, share prices advanced broadly on the Kuala Lumpur stock market yesterday in active trading. Business volume exceeded 30 million units. Except for the comparatively quiet tins and plantations. trading conditions were generally brisk with Singapore-based counters, especially financials, attracting good support. Normally quiet
      3,347 words
    • 189 18 UPI TOYOTA Motor Corp and Nissan Motor Co, Japan's top carmakers, have reported big losses in exports to the United States for the first half of 1988 compared with the corresponding period last year. They blame the decline on the yen's
      UPI  -  189 words
    • 53 18 AFP MITSUBISHI MOTORS Corp (MMC) has begun procedures to list its shares this autumn on Japan's three major stock exchanges in Tokyo, Osaka and Nagoya. company officials said. They were commenting on press reports that MMC had asked stock exchange authorities and the Finance Ministry to have its
      AFP  -  53 words
    • 1411 18 Hongkong HONGKONG SHARE prices closed lower yesterday after British institutions cut down their holdings in the absence of new incentives, brokers said. The Hang Seng Index fell 29.33, or 1.07 per cent to 2,711.37 while the broader-based Hong Kong Index lost 19.49 to 1,792.12. Turnover was HK5987.9
      1,411 words
    • 133 18 JULY 11 WON Chail Sugar DMlim Ind Oaawoo Corp Daewoo HMvy DataMn Sacurittaa Dong Ah PTtar Oong Suft Stock Donabu S»aai QoW Star Hanll Bank Hanll Camant Hankuk Qiaa* Hanyang Chamtcal Hyundai Conal Hyundai Motor ***** ***** 1M00 ***** ***** ***** ***** 1M00 ***** ***** ***** 17*00 .***** *****
      133 words
    • 482 18 Reuter TOKYO SHARE prices closed down yesterday in a directionless market with widespread selling as investors waited for an indication which way currencies were headed. "The big question here is the yen," said Mr George Ai, an analyst with Merrill Lynch Japan Inc. "There is still a lot of
      Reuter  -  482 words
    • 417 18 Reuter THE AUSTRALIAN share market powered ahead to a new post-crash high yesterday as local and offshore buyers scrambled for blue chip stocks, brokers said. "The market has never looked more promising than it has in the past few weeks," one operator commented. The market started strongly after Wall
      Reuter  -  417 words
    • 164 18 Reuter THE SECURITIES Exchange of Thailand Index fell 0.50 points to 463.51 yesterday on a turnover of 5,039,119 shares worth 611.83 million baht. JULY 1« Ao Kham Thai Ayudhya In.aanim Bangkok AgnHnd Bangkok Bank Bank Of AMidhya. Charoong Thai Wti 4 Cabta BAMT <70 446 133 331 ...374 ■m
      Reuter  -  164 words
    • 251 18 JULY 1« NT t All Slrtcara Indus 6 00 unch Am Camant as oo Cathay Cons 115.00 -05 Chang Mwa Bank 570 00 4 Chang Loong Chia HaJn Camant ...46 40 a# so -1.2 1.6 Chin Main Floor 27 20 -08 China Cham 51.50 •1.5 China Dav 227 00
      251 words
    • 73 18 M.Y It 1 PCBOB fKoot* Mining A|J1o PNI 0 0086 uncf» fpM Mining B ADm Con S. Baguio QoM 0 041 24 90 -0 001 unch Bonguot Con. B Rr« Phil HMg* Loponto B Marcooo* •4 11 0.4$ 3 -1 75 -ooe Oriental B Phil Ovwmm Ptriitt B o
      73 words
  • Page 18 Advertisements

  • INTERNATIONAL COMPANY NEWS
    • 882 19 NYT DESPITE HIS low profile these days, Wall Street is nevertheless keeping a watchful eye on Carl C Icahn, America's most prominent corporate raider In a sketchy announcement a month ago, Mr Icahn disclosed that he was forming a holding company
      NYT  -  882 words
    • 505 19 NYT THE COMPUTERLAND Corp, America s largest chain of computer stores, is planning an initial public offering of five million shares of its stock, to be priced at US$l6 to US$l9 a share. The preliminary prospectus, released last Thursday after the registration statement
      NYT  -  505 words
    • 1938 19 Company has no plans to abandon acquisition trail IHT "WE BELIEVE we are opportunistic," said Mr Martin G Taylor, a vice-chairman of Hanson PLC, Britain's most acquisitive industrial conglomerate. "Although that's a word often used against us by defending bankers, we tend
      IHT  -  1,938 words
    • 267 19 Reuter COCA-COLA Bottlers Philippines Inc (CCBPI), an associate of Co-ca-Cola Co, is launching a major expansion which will require 1.5 billion pesos and involve the construction ot a new 800 million peso soft-drinks plant, president and chief executive officer John Walter has announced. He said the
      Reuter  -  267 words
    • 152 19 Reuter ROBERT M BASS Group Inc has started a tender offer for all common shares and associated defensive preferred stock purchase rights of Macmillan Inc at US$75 per share. Bass had previously offered to acquire Macmillan for US$73 per share The new bid is
      Reuter  -  152 words
    • 286 19 FT INSURANCE REGULATORS in Oregon have grave doubts about the ability of BAT Industries to manage its bid target Farmers Group, the US insurer, without damaging policy holders, according to a ruling released by the state last week The full text of the
      FT  -  286 words
    • 127 19 HONGKONG Hongkong Index Mondoy 1.792 12 Friday 1 811 6' Week ogo 1.***** Hang Seng Index Monday 2.711 37 Friday 2,740 70 Week ogo 2.759 59 All Industrials Monday 2.606 6 Friday 2.577 6 Week ogo 2.5790 NEW YORK Dow Jones Friday 2.129 45 Thursday 2.***** Week ago
      127 words
  • Page 19 Advertisements
    • 171 19 SUCCESSFUL EXECUTIVES Are you looking for a change of career? A job that would bring you into contact with the best and brightest in Singapore, and put you at the very heart of business and economy? Then consider a switch to the fast-moving and stimulating world of business journalism. Put
      171 words

  • 643 20  -  Upward revision due to robust world economy By FOO CHOY PENG US BROKING HOUSE Merrill Lynch, persuaded by the robust world economic outlook and Singapore's vigorous growth in the first quarter, now believes that the economy will grow faster than it originally forecast. It
    643 words
  • 299 20 FOR THE second time in a week, a union leader has urged employers to adjust their employees' wages in response to a bullish economy and a tight labour market. "What better opportunity is there for employers to demonstrate that the
    299 words
  • 334 20 FIRST DEPUTY Prime Minister Goh Chok Tong told visiting Indonesian journalists over the weekend that various aspects of life in Singapore, including democracy, would be looked at after the change in prime ministership. "We don't know yet whether
    334 words
  • 346 20 AP, Bernama MALAYSIA'S economy is expected to grow 5 per cent this year, Prime Minister Datuk Seri Dr Mahathir Mohamad said in Kuala Lumpur yesterday. Speaking at the opening of the joint 10th Asian Security Analysts Council Conference and 7th
    AP,; Bernama  -  346 words
  • 545 20  -  By BRIAN GOMEZ THE WORLD economy is in a fragile state and it would be timely for leaders in culture and the sciences to discuss and provide pointers on challenges facing the world in the 1990s and beyond. French economist and writer Jean-Jacques
    545 words
  • 213 20 Reuter AUSTRALIA'S Treasurer Paul Keating said yesterday that interest rates would not be lowered unless there was a substantial fall in the rate of inflation. "If we see a quantum fall in inflation, that will have the effect of lowering interest rates,"
    Reuter  -  213 words
  • 214 20 Reuter BRITAIN yesterday raised interest rates for the sixth time since early June to try to put the brakes on inflation. The Bank of England said it raised its money market lending rate a key interest rate at which it lends money
    Reuter  -  214 words
  • 93 20 AP ASAHI CHEMICAL Co, Takeda Chemical Industries Ltd, Mitsui and Co. and the Bangkok Bank group plan to build jointly a plant in Thailand to produce glutamic acid, an Asahi official said in Tokyo yesterday. It would be built about 80km
    AP  -  93 words
  • 170 20 SHELL Eastern Petroleum and British Petroleum have announced revised postings for their petroleum products. With effect from July 16. the price of liquefied petroleum gas (LPG) was reduced to 35 US cents per American gallon. The price for grade 97 octane petrol (0.15
    170 words
  • 653 20 Agencies US SECRETARY of State George Shultz yesterday rapped South Korea for its unwillingness to open its markets to American exports, saying that if his statements sparked anti-Americanism "so be it". Mr Shultz criticised South Korean protectionism, saying he would push the country
    Agencies  -  653 words
  • 96 20 Reuter COMEX gold futures turned lower yesterday morning on news that Iran had accepted a United Nations ceasefire resolution in the Iran-Iraq Gulf war. The market also reacted to early indications for a lower opening in CBT grains, analysts said. In a choppy market, August gold sank by
    Reuter  -  96 words
  • 242 20 UPI, AFP PRESIDENT SUHARTO yesterday discussed with the foreign minister of Cyprus the stalemated contest between Indonesia and Nicaragua to take over leadership of the Non-Aligned Movement when Zimbabwe's term expires next year. Who is to chair the 101member organisation for the coming
    UPI,; AFP  -  242 words
  • LATE FILE
    • 61 20 AFP MALAYSIA'S Supreme Court is to rule today on whether to uphold a High Court decision in March to free detained oppoeition lawyer Karpal Singh. The attorney-general has brought an appeal against a March 9 High Court ruling ordering the releaae of Mr Karpal
      AFP  -  61 words
    • 42 20 AFP CHUN KYUNG-HWAN, brother of former president Chun Doo-Hwan endured a hail of curses as he pleaded not guilty to charges of massive corruption before a packed courtroom on the first day of his trial in Seoul yesterday.
      AFP  -  42 words
    • 48 20 UPI THREE American navy fliers that crashed in the South China Sea off the coast of Vietnam are to leave Ho Chi Minh City today, one week after they were reecued by the Vietnamese navy, a US Embassy spokesman said yesterday. UPI
      UPI  -  48 words
    • 34 20 AP JAPAN'S Foreign Minister Sosuks Uno said yesterday the government will strictly monitor moves by Japanese companies trading with South Africa, a Foreign Ministry official said. AP
      AP  -  34 words
    • 39 20 AFP THE BANK of Japan is allowing one-month bill rates to rise 0.0825 percentage points to 4 per cent to support the wsaker yen and match higher short-term interest rates in Europe. AFP
      AFP  -  39 words
    • 43 20 Reuter JOSE FRONOA SANTOS, a former soldier, said yesterday that a Philippine military commander Brigadier-Gener-al Luther Custodio in 1082 had ordered him to kill opposition leader Benigne Aquino and to make it look like an accident. Reuter
      Reuter  -  43 words
    • 48 20 AP FORMER Australian prime minister Malcolm Fraaer yeeterday announced his intereat to become secretarygeneral of the 47-member Commonwealth of Nationa, a grouping of Britain and its former coloniee. Mr Fraaer. speaking on Auatralian television. said Prime Miniater Bob Hawke'a support waa important. AP
      AP  -  48 words
  • Page 20 Advertisements
    • 47 20 FULLY FURNISHED EXECUTIVE OFFICE for the mere price of a room! Complete facilities telex, fax, copier, word processing, secretarial services, conference room, answering service, long short term lease you name it! Your inspection enquiries welcome WORLD-WIDE BUSINESS CENTRES (S) PTE LTD #11-04 06 Peninsula Plaza, Tel: *****69
      47 words
    • 227 20 ,-<&\!?(<{-~]*!*\==|{-`)_@([~?* EUROPEAN MARKET OPPORTUNITY International Business MBA Programme This intensive eighteen month Programme is designed for experienced executives of outstanding ability and motivation. Its key objective is to prepare participants for positions of leadership in industry and commerce by providing them with the necessary knowledge, skills and international perspectives including,
      227 words

  • SHIPPING TIMES
    • 417 21  -  By JUNE LIM NG SHIPPING is reorganising its ships and schedule in its Singapore-Bangladesh service in an attempt to meet the demand for fixed-day sailings. Last month the Singapore company sold the 140-TEU New Genlord as it was considered too small and slow to meet
      417 words
    • 295 21 JUTHA Maritime Co has invested 80 million baht to buy a used ocean-go-ing vessel from Denmark to boost the frequency of its services to Japan. Chairman Rear Admiral Chano Phenjati told the Bangkok Post the multi-purpose vessel, renamed Jutha Chanathip, would be
      295 words
    • 136 21 CONTAINER Warehousing Transportation has been appointed warehouse manager to manage the Rubber Association of Singapore's TSR-20 contract award. A Negotiable Award Certificate, valid for 12 months, certifies that the rubber has passed stringent quality inspection testing and weight certification. It signifies that the rubber
      136 words
    • PORTSIDES
      • 101 21 Reuter A SMALL fire broke out on a British cross-channel ferry on Saturday and operators P and O said it was caused by a spillage of hydraulic fluid during routine testing of a valve pipe. The fire erupted in the engine room of the
        Reuter  -  101 words
      • 96 21 Reuter WORK resumed at New Zealand's container ports yesterday after a 24-hour stoppage by members of the harbour workers union on Friday. The union had closed terminals at Auckland, Wellington, Lyttelton and Port Chalmers to protest against a breakdown in pay talks. The Otago
        Reuter  -  96 words
    • 284 22  -  By KINGSLEY WOOD, Writing for BT from Sydney DEVELOPMENT of the Goodwyn gasfield on the North-West Shelf has moved a step closer with the letting of two major contracts worth As6s 8 million for the design of the production platform. The second on the shelf,
      284 words
    • 778 22 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Alltrons VII 3 American Tpt II 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 A PC line V 4 API III 2/3 Arrow lines IX 5 ASCI III 1 Asian Ocean
      778 words
    • 87 22 Reuter A FREIGHTER loaded with incinerator ash has returned to Philadelphia after the West African country of Guinea Bissau refused to accept it. It was the second time a cargo of Philadelphia ash had been forced to return because no country would accept it. A
      Reuter  -  87 words
    • 216 22 AFP CRUDE oil prices plummetted to levels unseen for nearly two years over the past week, giving oil companies and traders the opportunity to replenish inventories at much lower cost and resulting in increased demand on the tanker market. London brokers E A Gibson say in their latest
      AFP  -  216 words
    • 173 23 Reuter THE United Arab Emirates (UAE) will join a Japanesefunded scheme to reduce the war risks of navigating in the Gulf, a Japanese embassy spokesman said. He said UAE officials had agreed to join Kuwait and Sau- di Arabia in the scheme, involving
      Reuter  -  173 words
    • 317 23 WEST AUSTRALIA'S Port Hedland handled a record 42.9 million tonnes of cargo in the year up to June 30 2.2 million tonnes more than the previous best throughput in 1975. Iron ore comprised 40.5 million tonnes, or 95 per cent of the cargo, with an
      317 words
    • 60 23 Reuter FIREFIGHTERS finally boarded the still burning wreck of the North Sea Piper Alpha platform after being beaten back by bad weather for days, a spokesman for the platform's operator Occidental Petroleum Corp said. The firefighters attached a hose to one of the five
      Reuter  -  60 words
    • 8306 28 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      8,306 words
    • 1350 29 AT CONVENTIONAL WHARVES VHM) B«rth Arrival Depart KEPPEL WHARVES Anonos Donyong Hop Mazanisa« Ko Hang Ko)o Noga lin Pauling lin Patoling 3 lorkspur Nokorn (dim 2 Nad Mon.lo P'onaar Wova Straits Prida T rodatreadoi* Aconcogua CS Ocaan Doovang Emarold GMtar Mvoshang PHukal Novaa *21 K29 C09 KI9
      1,350 words
    • 1221 30 CHARTERING slowed on Friday on the London shipping freights market, but slightly more interest was shown in Far Eastern time-charter operations. Mitsui-OSK booked the 18,000 tonne Merchant Pioneer basis end-July delivery in Japan for a trip to the Continent at U556,500 a day. The business included redelivery options
      1,221 words
  • Page 21 Advertisements
    • 648 21 TIMES STP Distributors Trm*a PuMs/Nog Group OOCL ORIENT CotUaimi LINE \MI// Jardines jXroVnE SHIPPING AGENCIES (Ret No *****41 00K) 200 Cantonment Road #12 05 Southpomt. Singapore 0208 Tel *****11 TELEX NO RS ***** TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****3* 235 PESAKA JARDINE SHIPPING AGENCIES SON BHD PORT KELANG
      648 words
    • 79 21 mm DEVELOPMENT of the Goodwyn gasfield on the North-West Shelf has moved a step closer with the letting of two major contracts worth A 565.8 million for the design of the production platform. Pag« II THE United Arab Emirates (UAE) will join a Japa-nese-funded scheme to reduce the war risks
      79 words
    • 582 21 A BALT-ORIENT LINE Baltic Shippine Co SmiKis from South East Asia to Uritxl Knfdom and H 1 iwui uonunemai rorts Agent: Singapore Soviet Shipping Co Pte Ltd Te *****33 I MAERSK LINE WE PUT YOUR CARGO ON THE TRACK TO THE U.S. GULF Voy S port Feeder from] Port Malaysia
      582 words

  • Page 22 Advertisements
    • 817 22 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ROTTEROAM/ ANTWERP KAGA KASUGA MARU LARGS BAY HONGKONG EXPRESS ARLBERG RHINE MARU TOKYO BAY ALSO ACCEPTING CARGO TO: ALL UK INLAND OCSTINAT AMS 7T BELFAST, DUBLIN. COPENHAGEN. AARHUS, GOTHENBURG. MALMO, HELSINKI. OSLO. CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT
      817 words
    • 21 22 MTmL, S rv,ces represented by qhS? a e Re 9' s,r y of Accredited 9 i 9enlB, Singapore National ohipping Association.
      21 words
    • 494 22 NOTICE SALE OF OIL BARGE Year Built: 1984 Flag: Malaysian Class: Nippon Kaiji Kyokai Tank Capacity: 500 k.Htras Interested parties, please contact Mr Y Tan at *****00 for further information/ viewing y AMERICAN TRANSPORT LlNbb, lINI AmlVans- IT FEEDER VCSSU. ACCEPTING CARGO TO ATLANTA. SAVANNAH. BALTIMORE. MAM. TAMPA OTHER U.S.
      494 words

  • Page 23 Advertisements
    • 877 23 ~T~ The Straits Steamship Group Mansfield Container Shipping Re Ltd P&O Containers SERVICE TO UK/CONTINENT:^ Alio Accepting Cargo For: fQ IMsiiißQ StodiHoiiii |^|^m »aMaiOa« to Mm*. liailntoo. CM*, fad*. Zurich SmCHmplmi z It all UK dHtxiatioM, Baffsst Mi Mm (CONTAINERSHIP SERVICE FROM UK/CONTINENT: Callmf law. Ma. Wapyi. Tatyo Callwj KaOa
      877 words
    • 748 23 Getaboard the North American trail with "K" Line sea rail. "K" Line's weekly trans-Pacific container service between Asia/Far East and the U.S.A. features two West Coast gateway ports, Long Beach and Tacoma. These ports provide on-dock connections to "K" Line's dedicated MHpr weekly fixed-day Double Stack Train routes that speed
      748 words

  • Page 24 Advertisements
    • 495 24 EXSINOSE MARITIME PTE LTD Ji ri ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN MEEZAN IRAN EKRAM Singapore 23/7 30/7 Loading foc:BANDAR ABBAS BANDAR ABBAS Singapore iy« Loading for:JAPAN. KOREA KYOWA LINE PNC/8. PACIFIC IB Singapore Loading for: A VESSEL 15/8 LAE, PMB, RBL, HRA HK LOAD FOR OCEANIA
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    • 802 24 JC S line Ksmt tnw*t c FULLY CONTAINERISED SERVICE 10 EUROPE VIA SUEZ "T| Member of the Ace Consortium BU LA OAK SEA 29/7 12/1 14/1 29/7 9/1 61 19/1 21/1 5/1 16/8 58 191 21/1 5/8 16/1 13/ I 26/1 21/1 12/1 23/1 f M/MOTHER VESSEL KJJ 44E HANJIN
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    • 201 24 VA FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY I KARACHI: ETA 22/7 10/8 MIDDLE EAST SERVICE NEW SERVICE DUBAI 28/7 A 10/8 AUSTRALIA/ NEW ZEALAND SYtXY, MELBOURNE FREAAANTLE AUCKLAND, WELLINGTON irmtTQN. DUNEPIN A NAPIER EUROPE HAMBURG, ROTTERDAM, BARCELONA, FEUXSTOWE. LONDON, ANTWERP Aho occepttng to. Scondlnovten A European Intend
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    • 749 24 rnmm EVERGREEN Full Container Service tound-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GLAMOUR/EVER GREET EVE* GENERAL/EVER GOLDEN EVER CLOSE EVER GENTLE EVER GENTRY ALSO ACCEPTING CARGO TO: u l l Norfolk Jacksonville. WILMINGTON KMRUOA ETC 8 ATLANTA. CHICAGO OCTROIT. COLUMBUS 1 OTNU lUOR MKROMIOGt DESTINATIONS SALMA. LNKM. 4) MONTREAL. TORONTO VIA I
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  • Page 25 Advertisements
    • 796 25 PACIFIC INTERNATIONAL LINES \V\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE MY SMQ SIN nn tan i*n nn nn i/8 4/1 M 3/8 5/1 M KOTA MELATI BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE KOTA MAWAR OTA BMUM KOTA MELATI
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    • 489 25 irm BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT JTON NMi a'HAffN 'MM HA VI 154 1M 114 U I<4 an m an im IM IM an mm an n* z» a* v* v* an 3ff 744 22* 274 M V» V» M W W *1 M M 1W Ufl
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    • 535 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY S PORE BILBAO ANTWERP H'BURG/ R DAM/A DAM BREMEN 'A* VESSEL 9-12/1 14/9 17/9 LJ. BONTANG/15WB 31/8-3/9 7/10 10/10 SRIWIJAYA/24W6 6 9/9 12/10 15/10
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    • 369 25 BOUSTEAD SHIPPING AGENCIES HTONEYWA V23CW PAGAN VI3BW PA-AM VI27W BURMA FIVE STAR shipping corporation (Burmese National Line) Loading for Rangoon S'pore P.Kalanj Penang Bangfc 1001 Jul ma M 2*/* iui I *A'a 111 a j.M I■ > WWUHBWJMP TO UKC SPORE ROAM HULL TAMAITAI SAMOA VI3N 24/7 2S/1 31/1 FORTH
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  • Page 26 Advertisements
    • 970 26 KAWASAKI KISEN KAISHA. LTD. Kline ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE N. AMERICA-ATLANTIC COAST VOY *INDO VOY LB 8 11/6 17 18/6 •PK/PNG 18/7 25/7 1/8 8/8 •PK/PNG *INDO N. AMERICA PACIFIC SOUTH-WEST EUROPE (Member of ACE) LE HAVRE F'STOWE
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    • 601 26 'm AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/fCL Containers Support P Ktimt Prang Loading tor. Mother Vjl By Feeder By fwOtf KALIOAS V» 8 Aug 1 Aug 1 Aug Frtm UMt Syd«i A TULSiOAS ¥.37 2 Sept 25 Aug 25 Aug Frtm/tMb/Sydn/A KALIOAS V 39 26 Sect 19 Stpt 19 Sept
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    • 671 26 STRAITS/PERSIAN GULF SERVICE: GOLDEN HAVEN Cotomto/KaradM/Dutw GOLDEN BEAR Cokmbo/Karachi/DuOoi CHINA SERVICE DAI TUN SHAN Shenft* A VESSEL Huanfpu Shanghai GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD ZJ. Tata* Ajrar StrMt SINGAPORE 0104 TEL &M3M (It LINES) Fai: S343SM JLF SERVICE: S'port P.Katom FWi« KtrtdM/Dute 30/31 July i Kjrachi'DutMi 1/9 Au|
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    • 563 26 i PHILI-ORICNT LIN€S PT€ LTD H f*D OFFICE 63 ROHNSON ROAD -07 V AFRO ASIA BUILDING SINGAPORE 0105 Tflf* RS ?87?0 PMIII TAX ??556?6 EAST/FAB EAST Fa ft La HMCE ETA SINGAPORE DESTINATION ,t "i," —M'W'ji v M">riri"nr'K JEOOAN (UX) M.KOMC, KOBE. TOKYO KEELUNC. KAOKSIUNt, MANILA. BANGKOK. BUSAN, JAKARTA lv
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  • Page 27 Advertisements
    • 793 27 NEPTUNE AGENCIES PTE. LTD (formal Enquiries: Tel: *****77 Terminal CFS BOOKINGS *****22 *****53 f— p Kalang NEPLINE SON. BHD. MM? NEPTUNE ORIENT LINES LTD SST SSSSSS—*— J Bahru NEPLINE SON. BHD 2M«V2M<I NCRTSTAL Ml StiM 20/7 II ri EU/AUST TPA/SEA k *****53 27K742 *****19 *****14 *****11 *****41 INWARD/OUTWARD ENQUIRIES *****44
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    • 444 27 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO KELANG. PENANG, KEELUNG, BUSAN. INCHON WEF JUNE 1) BUSAN SINGAPORE 2) SINGAPORE/ KEELUNG 10 DAYS SERVICE II SERVICE!! Veml i Name CTD K SPOPE PKELANC KEE BUSAN MO JI oona«V*7N 13/07 23-23/07 M-OMB 10/01 U* J 23 2J/07 27-20/07 OS-O6*l 01-OMX
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    • 959 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANC p. kelanc MESSRS HAI THONG SHIPPING 127 Penjnj Street. Penang. Malaysia M/S HANDLING SYSTEM CO SON
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  • Page 28 Advertisements
    • 266 28 XT SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 .30 Lines' FAX *****39 *****76 TELEX RS ***** A B SSCWA RS ***** A B SSCAD Vtß DEUTF RACHT/SEEREEDEREI RQSTQCK RUNLANO WM [221 •Attain| t»rfp for Nan( Kan* Susan. Tokyo Nri Koto REGULAR CONVENTIONAL SERVICE TO EUtOPE BOUENBURC m HALLE Ml
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  • Page 28 Miscellaneous
    • 172 28 Regional Weather A m m a 4V m 2 ss S3 KM k <s 3t n« Is.' SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. July 19, 1988 Wind direction with speed in knots Wave height LEGEND R Thunderstorm Temperature <> c X\ Shower Weather Wind direction with speed in
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  • Page 29 Advertisements
    • 457 29 FARGO SHIPPING COMPANY (PTE) LTD No 15 Hoe Chiang Road #13-02 Sanford Building, Singapore 0208 Tel: *****22 Tlx ***** FASCO V.c ABC CONTAINERIZE N.V. V WE HAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! P I'jiili] riiTi ETA 23/7/88 Only 7 days to Fremantle Only 12 days to Melbourne Only
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    • 326 29 L\rsplcsp SHIPPING AGENCIES PTE. LTD jTel: *****66 (16 Linee) Fax: *****61 Ml, Til,™™™ S'pora to USA (ALL PORTS) (LCL) S'pora to Auckland (LCL) ETD S'pora to Antwarp (LCL) ETD S'pora to Copanhagan (LCL) ETD S'pora to Framantla (LCL) ETD S'pora to Inchon (LCL) ETD S'pora to Buaan (LCL) ETD S'pora
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    • 509 29 I UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 IRAQI LINE I) iMO S'«'l fNTfMrmii in* atßiriat EAST BOUND SERVICE ETA S'KMC LOADING FOR W> J.C n THROUGH B/U to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQA&A A BAGHDAD REEFER SPACE AVAILABLE UPTO AQABA
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  • Page 30 Advertisements
    • 386 30 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines; TLX HS ***** RS ***** t I \S| I K\ \K I I\ I K III) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! Yokohama Nagoya 4/8 2S/8 Mojj 12/8 •Subjact to cargo inducamant NOTE: ALSO CALLING OTHER JAPANESE
      386 words
    • 435 30 CGMi FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES For Halifax, Montrul, Toronto, Now York, Baltimore, Portamouth, Norfolk, Savannah "■"Sl?!! Hourt«VM«xk»-VwiCna, ■nico Clty/FRENCH W. Indto fwt 0* Franca, PoMrs A. Pltm, Dapad 0. To COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD)
      435 words
    • 213 30 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES Agent: NIHOM~AStA SHIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** P.T. MASKAPAI PELAYARAN NUSANTARA WEEKLY CONTAINER FEEDER TO/FROM JAKARTA VESSEL: C V MAUNG VOY ETA S PORE ETA JKT 67S 22/7 2S/7 MS 29/7 02/S HWA YANG
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    • 695 30 *****53/*****11 04-*****2/4. *****3 •07-*****8 07-*****3, *****5, *****0, *****1 *02-*****22 *****88 Will CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR fVEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER MJTANC W TT7I TT7I r77T hi j ■I'mrfii'i .®fi l| l.W ■iT i BREMER HAVEN, COPENHAGEN. HELSINKI. MALMO
      695 words