The Business Times, 20 July 1988

Total Pages: 32
1 32 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 WEDNESDAY, JULY 20, 1988 75 CENTS
    11 words
  • 255 1 AP Dow up AFTER a mixed start, stock prices on Wall Street turned firmer in early trading amid stronger bond prices. Traders said renewed fighting between Iran and Iraq sent oil prices lower. News on Monday that Iran had accepted a United Nations ceasefire resolution had buoyed
    AP  -  255 words
  • 285 1 REACTING TO sharp declines in major Asian stock markets, particularly Tokyo, share prices on the Singapore stock market fell across the board, halting three days of substantive advances. Blue chips which were the main beneficiaries in the three previous trading sessions
    285 words
  • 648 1  -  By BOEY KIT YIN SINGAPORE'S total trade grew by 33.5 per cent to $77.45 billion during the first half-year, fuelled partly by an exceptionally strong performance in June. But the strong surge in the value of imports caused the country
    648 words
  • 182 1 Agencies US SECRETARY of State George Shultz and Japanese Prime Minister Noboru Takeshita yesterday agreed to increase economic aid to the Philippines to help stabilise the government, according to Japanese officials in Tokyo. In a separate meeting with Mr Shultz, Japanese Finance
    Agencies  -  182 words
  • 522 1 Agencies REPORTS of an Iraqi air raid on the Iranian city of Ahvaz and a dogfight over the Gulf yesterday hit oil prices in Europe which had earlier risen on hopes of peace between Iraq and Iran. European spot market traders said prices for
    Agencies  -  522 words
  • 472 1  -  By CORRINA LIM AT LEAST five more foreign institutions are wooing local stockbrokers into partnerships. None of them, however, has sent in a formal application to the Stock Exchange of Singapore yet. But their interest comes on top of two proposals submitted to
    472 words
  • 130 1 THE US DOLLAR fell yesterday against major currencies in the Asian foreign exchange markets following intervention by the Bank of Japan. The Bank of Japan had stepped into the Tokyo, Singapore and Hongkong markets to sell dollars against the German marks yesterday morning. In
    130 words
  • 153 1 AFP FRENCH Finance Minister Pierre Beregovoy has criticised West Germany for acting alone to check the dollar's surge and deplored the lack of international cooperation on foreign exchange policy in recent weeks. In a radio interview in Paris yesterday, Mr Beregovoy said
    AFP  -  153 words
  • 101 1 Reuter AMERICAN BANKS have long been slipping relative to Japanese and some European institutions in terms of deposits, and now not a single US bank is among the world's top 25. The top 10 banks are all Japanese. partly because of that nation's high savings rate,
    Reuter  -  101 words
  • Page 1 Advertisements
    • 193 1 Q9P Official Typewriter Supplier of the 1988 Olympics brother *>}$=|\)`{(+^\*"`_:,"$!-|]])~=~ IBS offers a full range of banking services to meet yourneeds Executive Loans a flexible loan programme which can turn your plans into reality Housing Loans a loan programme that makes it easier for you to own a home Ml
      193 words
    • 341 1 Big news, small profit BOLD GRAPHIC DESIGN and shorter, crisper writing are news magazine techniques that had never appeared in daily newspapers until USA Today came along in 1982; now they have become industry standards. But as reported in Page 10 while USA Today is now big on news, it
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    • 218 1 I mita NEW AGE COPIERS Convenient, reliable feature-packed Sol® Agent WEI TAH CO PTE LTD TEL: 746 1051 Shipping Timet comet at a separate section today. Make ture you get your copy. f a Comply. Stay competitive. And have peace of mind with ECICS protection. Because of increasing competition in
      218 words

  • HOME NEWS
    • 504 2  -  By LILY FERNANDEZ THE SINGAPORE Malay Chamber of Commerce (SMCC) plans to send a trade mission to the Indian Ocean islands of Madagascar and Mauritius before the year-end. The chamber's newly elected president. Jalil Haron. told BT that the mission was on his list of
      504 words
    • 399 2  -  By TONG SUIT CHEE THE HAW PAR VILLA theme park will cost $50 million more than estimated, its developer, International Theme Parks Pte Ltd (ITP), said yesterday. This is largely because ITP has won the tender for the
      399 words
    • 176 2 SHELL, Mobil and BP last night cut petrol pump prices following a period of falling crude oil prices. Formula Shell Super and Mobil Premium were both cut by 2.2 cents to 90 cents per litre. A similar cut brought the price of Formula Shell
      176 words
    • 136 2 CONSUMER PRICES rose by 1.6 per cent during the first half of this year against the same period last year. Figures released yesterday by the Department of Statistics show that the consumer price index (CPI), base year 1982/83, stood at 116.3 at the end
      136 words
    • 170 2 A JAPANESE company has set up a construction firm in Singapore to handle projects in South-east Asia. NKK Corporation and NKK's wholly-owned unit, Nippon Kokan Koji KK, formed NKK International Pte Ltd (NKKI) with a paidup capital of $1 million in May this year.
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    • 76 2 THE SINGAPORE Labour Foundation is inviting nominations for the 1968 SLF educational tour awards. Thirty awards will be given this year. Successful nominees will get to go on a seven-day tour of the Philippines from Nov 20 to 26. Nominations for the awards will close
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  • Page 2 Advertisements
    • 214 2 mm T Sr T y t —M— —f— r^T^v pc- «Sr. THE MYTH THAT DIETHELM HAS JUST BEEN SHATTERED. It appears that our office chairs have gathered quite a reputation for being on the expensive side A myth, no doubt, which our Premier Series chairs will put to rest once
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  • Page 2 Miscellaneous
    • 56 2 ,Ma Singapore OUTLOOK: Showers over law areas In Mw lata morning and •arty afternoon. '•PW for 24 hours prior to 7.30pm on July 19 at the airport; Max lamp. 32.7 Aaaoc humidity M Mln lamp 27.3 Aaaoc humidity 92 Mrs of aunahina 1.20 Rainfall in mm nil Rainfall Ms mth...
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  • ADVERTISING & MARKETING
    • 312 3 BRIAN WATSON, managing director of McCann Erickson Singapore for the past eight years, will be leaving to head the company's London office. Mr Watson expects that his departure will not affect the agency's numerous high profile government accounts which comprise 10 to 15
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    • 90 3 RATES for creative charges recommended by the Association of Accredited Advertising Agents have been raised by 35-40 per cent. 4As president Eddie Chan said the new rates are "more in keeping with the costs" of advertising agencies. Most agencies have been ab- sorbing the increase, "but
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    • 291 3 BP SINGAPORE has won the BP Group's Golden Advertising Sales Promotion (ASP) Award for 1987, beating out 16 entries from worldwide associates of the big British oil firm. The winning campaign featured the launch by the retail division of BP Royal Diesel, which
      291 words
    • COPY LINES
      • 127 3 RICHE MONDE has begun a $1 million promotional campaign for Hennessy XO targetted at the night clubs or lounges. Spread over 10 months, the promotion aims to win a larger market share for Hennessy in the highly competitive liquor market. The campaign hopes
        127 words
      • 41 3 NEC Computers and Communications has appointed Gartshore Associates for its printer range. The agency will launch a new model the multi-featured P5300/P5200. The three other agencies which pitched for the business were Ogilvy Mather, HDM/DYR and Hakuhodo.
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    • 175 3 SINGAPORE will play host to the First International Design Forum at the Raffles City Convention Centre from Oct 19 to 23. The forum, the first of its kind to be held here and in Southeast Asia, is organised by the Trade Development Board and assisted
      175 words
    • 505 3  -  By GENEVIEVE CUA KEENER COMPETITION in the marketing research landscape has prompted the consultancy. Consumer Probe, to grow. The company's managing director, Peggy Tan, said Consumer Probe is eyeing two options to strengthen its operations: taking in a local partner or tying
      505 words
  • Page 3 Advertisements
    • 45 3 Public Lecture by Professor James C Van Home Lee Kuan Yew Distinguished Visitor Topic: Corporate Restructuring: The good and the bad Date Wednesday 20 July 1988 Time: 6.00 pm Venue: Lecture Theatre 11, Kent Ridge ALL WELCOME ADMISSION FREE For enquiries please call: 772-2539, 772-2303
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    • 62 3 GIVENCHY GENTLEMAN PARIS 7 ssm SINGAPORE: GIVENCHY GENTLEMAN BOUTIQUES: #02-10 SHAW CENTRE, SCOTTS ROAD. TEL: *****94 AND #01-10 MANDARIN SHOPPING ARCADE, MANDARIN HOTEL, ORCHARD ROAD. TEL: *****48. CORNERS: METRO GRAND AT LUCKY PLAZA, METRO MARINA SQUARE, METRO ORCHARD, SINGAPORE DAIMARU, GALERIES LAFAYETTE, HAH FY'S DEPARTMENTAL STORE, MIDORI CLASSIC KUALA LUMPUR:
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  • OVERSEAS
    • 408 4 AP THOUSANDS of cheering Democrats in the US opened their national convention on Monday to nominate Michael Dukakis for presidency as rival Jesse Jackson continued to seek influence on the campaign and party policy. The convention cornerstone was laid by former president Jimmy
      AP  -  408 words
    • 150 4 AFP A RECORD number of Japanese will go abroad this summer and their spending will surpass the three trillion yen (US$23 billion) mark for the first time, the Japan Travel Bureau (JTB) said on Monday. Japanese tourists around the world will number 1,666,000 in
      AFP  -  150 words
    • 282 4 Reuter UPI MALAYSIA'S Supreme Court yesterday overturned a High Court decision to free opposition politician and prominent lawyer Karpal Singh. Karpal Singh, the deputy leader of the opposition Democratic Action Party and a Member of Parliament. was freed on March 9 when
      Reuter; UPI  -  282 words
    • 371 4 UPI CHINA'S inflation rate, fuelled by flagging agricultural output and heavy demand. soared 19 per cent in June compared with 1987, triggering consumer unrest and "abnormal" price fluctuations. The State Council, China's Cabinet, will introduce no new price rises before the end of
      UPI  -  371 words
    • 312 4 UPI TAIWAN'S trade with Japan increased dramatically during the first half of the year, due partially to the appreciation of the yen. Taiwan's total trade with Japan was US$ll.3 billion for the six months, with a growth rate of 31.4
      UPI  -  312 words
    • 132 4 AFP VIETNAM has entered into 12 projects with foreign companies stows adopting a new investment code in January, the Communist Party newspaper Mhan Dan said on Monday. Another two dozen projects were being considered. The approved projects involved fishing, electronics,
      AFP  -  132 words
    • 221 4 UPI OUSTED Philippine president Ferdinand Marcos and his wife, Imelda, have been subpoenaed to testify about an alleged Reagan Administration commitment to prosecute Mr Marcos's opponents, lawyers for an an-ti-Marcos activist said on Monday in San Francisco. Steve Psinakis, 56.
      UPI  -  221 words
    • 342 4 Bernama ASEAN s efforts to table a proposal on tropical products at the current Uruguay Round of multilateral trade negotiations have very good prospects of succeeding, a New Zealand economist says. Sir Frank Holmes, professor emeritus of Victoria University of Wellington, said it
      Bernama  -  342 words
  • Page 4 Advertisements
    • 332 4 Good ideas keep coming up THE DAYS OF TIRESOME CCt Ga G3 (23 Q a d ..pi C 3 0 I\MU< SHA^ P 023 S3 G3S G3 M 9 8 RW X 6 0 5 4 csa 131 n 3 BASIC 2 CM o 0 o a S3 0 0
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  • Page 4 Miscellaneous
    • 93 4 Doonesbury IF I MAY JUST OPINE HERS FOR A MOMENT, IT MULP SEEM REALTTY HAS FINALLY i CAUGHT UPIAJITH THE 1 ujhite House... i rm .wis M rrs vmb to admit that any SET OF LAMS THAT TURNS TENS OF MILLIONS OF AMERICANS INTO CRIMINALS PROBABLY NEEDS RE-EXAMINING. r a
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  • Page 5 Advertisements
    • 391 5 ADVANCED HUMAN ENGINEERING TAKES A NEW FORM. NEW NISSAN CEDRIC BROUGHAM VIP All these features in one luxury saloon: World's first computer-controlled dual-zone airconditioner Revolutionary Nissan Air Suspension System 4-Wheel Anti-skid Braking System Electronically-controlled speed-sensing power steering Full Range E-AT automatic transmission Power front and rear seats with dual memory
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  • Page 6 Advertisements
    • 80 6 THESHOK Singapore International Motor Show *88 THE SUM. We are proud to feature eight superb examples of remarkable automotive engineering at the Singapore International Motor Show '88, booth no. 3D2. far Cycle Carriage Industries (1986) Pte Limited SALES Alexandra Sales Centre, 239 Alexandra Road, Singapore 0315. Tel: *****55. PARTS Pandan
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  • BANKING AND FINANCE
    • 1019 7 SINGAPORE: The US dollar yesterday closed easier against most major currencies. Against the Singapore dollar, the US dollar closed easier at 2.0485/95 in torpid trading. It traded within a range of 2.0496 and 2.0472. It opened initially at 2.0480/90. It ended at 133.65/75 yen against an early 134.20/30
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    • 861 7 ARRIVALS Operator S«rvic* Local From number tim* SU SQ11 0040 LAX/NTT UAL FTL UA805 0045 SFO/HKG FT9080 0205 DXB SU SQ41 0610 MAA AM CW707 0700 MTS/MRU SWA2I SU SQ31 0755 PAR/ROM MAS MH640 0820 KUL KAL KE624 0840 KUL SEY HM601 0900 SEZ MAS MH651 0910
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    • 204 7 TOTAL BANK loans grew at a modest rate of 6 per cent to $37.9 billion in April, according to the latest monthly bulletin of the Monetary Authority of Singapore. But loans to the manufacturing and general commerce sectors increased significantly during the
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    • 180 7 IHT ACCOUNTING CHANGES in Hongkong's banking system, which took effect on Monday, curtailed Hongkong and Shanghai Bank's dominance in money market operations and extended certain central bank functions to the territory's monetary authorities. Economists and bankers assessed the changes as significant but said they
      IHT  -  180 words
  • Page 7 Advertisements
    • 64 7 IKMKfi The business person's chotce every Tuesday, Thursday, Saturday and Sunday. Leaving Chongi Airp. ort at 22:05 hours and orriving Heathrow early foNowing mormng. Col your Travel Agent or Air Canada at *****55. SHANGRI-LA INTERNATIONAL IN BANGKOK WHERE ELSE BUT THE SHANGRI-LA Shangri-La hotel SHANGRI-LA INTERNATIONAL: •SINGAPOM 235 HI I
      64 words
    • 119 7 Now less is more. Introducing United's smaller, more exclusive Business Class. United is happy to announce that it is offering businessmen fir fewer seats in its new Business Class. I Which means you can enjoy a more comfort- f able flight, and far more personal attention. I As well as
      119 words

  • MONEY AND EXCHANGES
    • 404 8 EURODOLLAR futures opened on a weak tone on Simex yesterday. The Sept contract opened at 91.60 and traded down to 91.58 before rebounding to 91.62 by mid-session on the sharp drop in Nikkei prices. The Sept contract ended on a firm note at the day's high of 91.64. The
      404 words
    • 170 8 Gold futures on July 18 100 troy ounces; USS par troy ounce Open Low SoWa M 437.30 -2.40 Aug 416 50 440.20 435 10 438.80 -2.50 S«P 444.00 444.00 444.00 441.60 2-50 Oct 441.00 445.90 440.50 444JO -2.50 Ok 448.50 451.40 445.30 450.10 -2.50 Fab 457.00 457.00
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    • 268 8 IMM currency futures settled mostly higher on Monday after repeated central bank intervention to depress the dollar. Brokers also linked the market's strength to profit taking by traders who sold contracts short Friday after the release of slightly low-er-than-expected May US merchandise trade data. Both the Federal Reserve and
      268 words
    • 114 8 Treasury bills Period Issue Yesterday's dosing Day's code Maturity WD OFFER HIGH LOW 3 months BQ*****W 13.10.88 3.88 3.83 3.91 3.83 6 months BY*****T 24.11.88 3.97 3.92 3.95 3.94 1 year BY*****Z 23.03.89 4.08 4.03 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code
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    • 185 8 Indlcataa thm avaraga of the prim* landing rates of 12 ma|or banks In Singapore r Interbank market rates (offer/bid) on July 19 US$ DM SWFC Y«n J days 6 HI* 12 mtti 7 7/8 9 13/1* 11/14 1/14 7 15/16 10 9/14 —7/14 7/14 5/14 10 7/«
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    • 340 8 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels yesterday. Trading turned quiet in the afternoon after a thin morning session, dealers said. They said most operators were sidelined in the afternoon on lack of interest while awaiting yesterday's release of US June housing starts due at 1230
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    • 64 8 THE OVERNIGHT rate on the Singapore money market rose 1/8 point to close at 4-5/8 per cent yesterday. One month rose *1/16, two months rose 1/8 and three months rose 3/16. S$ Interbank rates at the dose yesterday: OfffH WD Overnight 4 5/8 4 1/2 1 -month 4
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    • 1448 8 CURRENCY FUTURES OPTIONS Tuesday, July 19, 1988 DEUTSCHE MARK (SMEX) 1 !i I 1 t 53 24 20 20 54 75 15 65 55 IN 21 146 132 132 54 71 222A 217 57 4 314 311 316 5a CA6 59 CA6 60 I t H 1 1 Low
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  • Page 8 Advertisements

  • Page 9 Advertisements
    • 312 9 UON RQARS-INTO -OUR- LION CITY CD For the first time in the 25-year history of the Car of the Year Award, a car has won the highest points ever given to a winner of this award the 405. For the first time also, in 25 years a c has won
      312 words

  • PERSPECTIVE
    • 452 10 THE SUCCESS of the four Asian newly industrialising countries (NICs) in finding a niche for themselves in the global trading system has caused much unhappiness to some of their trading partners, notably the US. American pressure on the four to reduce their trade surpluses intensified
      452 words
    • 1213 10  -  USA Today, America's fast-paced, splashy publication that its owner, Gannett Co, describes as 'the most successful new daily newspaper of our time' has earned more than five million readers as well as the respect of many journalists. But it has also devoured nearly US$5OO
      NYT  -  1,213 words
    • 426 10 Reuter A NEW LAW requiring chemical manufacturers in the US to open their books on the toxic waste they produce seems likely to create a housekeeping and public relations nightmare for companies. The law says for the first time that companies must reveal to the
      Reuter  -  426 words
    • 684 11 AP AFP IRAN'S military chief has confirmed that the decision to accept a year-old United Nations call for a ceasefire in the Gulf war was made by Ayatollah Ruhollah Khomeini. The 87-year-old Khomeini announced the decision to top Iranian leaders during a meeting on
      AP; AFP  -  684 words
    • 1053 11 What is likely to happen if the Gulf War ends Agencies IRAN'S ACCEPTANCE of a ceasefire in its war with Iraq could mean wide-ranging economic and political shifts internationally as well as in the Gulf region. An end to the conflict could be an ominous development for Israel. Both Iran
      Agencies  -  1,053 words
  • Page 10 Advertisements
    • 364 10 Toshiba Printers. What you see... You'll see the kind of technology that's made Toshiba number one in laptop computers, faxes and keyphones.^^^^_^ a 32K8 memory that's more powerful than most. v JteL&m easiest dual-form paper handling system J With a multi-strike iililmii W (not just fabric like the others) so
      364 words
    • 56 10 Our suits are handcrafted. Interlinings are hand sewn for form and function. Our fabrics are the finest available. With us, tailoring is an Art. At this level of excellence we will always be. I 9 VJi TAIL O I N G A subsidiary of Wai Cheong Tailors Pte Ltd #03-09.
      56 words

  • Page 11 Miscellaneous
    • 1214 11 to aoD aaaoa B 12 PM Opening and Programme Highlights followed by Stylo With Eha Klensch. Italy's wonderboy, 30-year-old Enrico Cover!, shows us his spring/summer collection and talks about his new designs and fabrics, and his inspirations. Also featured is a Paris hairstylist with dozens of ideas for styling long
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    • 825 11 BriStx^TanlLDicicaae He. GOT the. ID6A P> PFVRK c,KftiMir piL! v -j ~~^filSH!S3E!22BC555!ai raWKKDOB (MmKMD CRYPTIC PUZZLE ACROSS 1 Fellows with leggings (5) 6 Audie's farewell? (5) 9 How the pub's patrons usually live (7) 10 Nice in a big way (5) 11 Like a regular unvarying return (5) 12 One
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  • SPORTS & LEISURE
    • 382 12 AP SPAIN'S Pedro Delgado all but wrapped up the Tour de France title on Monday, padding his lead in a mountainous 15th stage that saw three other top riders drop out. At the end of a 187.5-km race from St Girons to Luz
      AP  -  382 words
    • 290 12 AFP CARL LEWIS, who has already won the 100 m, pursued the top spot on the United States Olympic team in the 200 m on Monday. As the United States Olympic Trials continued, Lewis, who clocked a wind-aided 9.78 sees in winning the 100
      AFP  -  290 words
    • 723 13 AFP SPANISH GOLFING SUPERSTAR Severiano Ballesteros turned the clock back nine years in Lytham on Monday to bring his worrying fouryear run without a big victory to a halt with his third British Open title. Wearing the same clothes as when he won his first
      AFP  -  723 words
    • 456 13 AP THE EAGLE LANDED twice for Fred Couples on Monday and left him with a happy ending to the British Open. Starting the day at even par and seemingly out of the hunt in a four-way tie for ninth place. Couples shot consecutive eagle-threes
      AP  -  456 words
    • 488 13  -  By CHARLES SAVAGE GOVINDASAMY KRISHNAN is the hot favourite to win the Guinness Road Race next month at Queenstown. He will be pounding the streets for his fifth win in as many races. His coach, Siva Lingam of the Swifts, expects Sam Boon, winner of the
      488 words
    • 362 13 AFP UNBEATEN heavyweight champion Mike Tyson may Tind himself in an uneasy situation following a court hearing yesterday over a contract he wishes to nullify with his estranged manager. Bill Cayton. Should Justice David Edwards of the New York Supreme Court decide against
      AFP  -  362 words
  • Page 12 Advertisements
    • 865 12 COURVOISIERXO-WHERE T( lAI.I list Off to jod dmtf Order a Guinness draft stout or draft beer get another FREE. Or get 25% off all other drinks by the glass. And 10% off bottle purchases. Nothing could be jollier! Mon Thur 10pm to lam Come try our delectable international cuisine. Caje
      865 words
    • 194 12 July 4th, everyday The Belvedere's American buffet lunch is a month -long celebration of July 4th stretching from July 1 —31. With Prawns on ice. Smoked turkey breasts. Oyster Rockefeller, Roast US prime rib, Apple pie, California snowball and much, much more! Celebrate July 4th everyday for just $31 for
      194 words

  • Page 13 Advertisements
    • 452 13 lENTIECTAIIN ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PALM |gf For between $26++ and $40+ I y° u can se cct fr° m our appetiser LjKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish
      452 words
    • 41 13 Si W: V \\S J xo CQURyoiSIER cognac 0 Dw ann6rs tie vialhwemem en fats <ie ont et£ pour ohtrnir la suhtilrte et la finesse Je ce c»gnac C Q '•OOUCt Of WAf J 162V0 > Ce^ ve 9r\opP xo COURVOISIER COGNAC
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  • COMMODITIES
    • 316 14 UPI OIL PRICES soared by almost a dollar a barrel on Monday, after Iran's announcement that it would accept a United Nationsmandated ceasefire in its nearly eight-year-old war with fellow Opec member Iraq. In what analysts said was a reflexive short-term rally
      UPI  -  316 words
    • 135 14 AFP ORGANISATION of Petroleum Exporting Countries president Rilwanu Lukman says the cartel's price committee is likely to meet soon, after talks with the United Arab Emirates. The UAE, one of the world's leading oil producers, recently announced it would no longer stick to
      AFP  -  135 words
    • 493 14 MALAYSIAN crude palm oil prices closed weaker yesterday. The decline reflected limit losses in local palm oil futures and Chicago soyoil futures and news of more rain on Monday in the US Midwest growing region also weighed on prices. Trading remained restricted as operators were cautious and refrained
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    • 359 14 HONGKONG: Gold closed slightly lower in quiet trading yesterday after light selling by local and Japanese investors in the morning session. The initial sales were slowly absorbed, while the weaker US dollar prompted increased buying by Swiss interests after midday. Bullion ended at U*****.00/50 an ounce against an
      359 words
    • 152 14 TIN slipped on* cm) in moderate trading to M 518.77 a kg on the Kuala Lumpur Tin Markat yaatarday, with buying, mainly from Europa, concantratad on tha lowar levels. Business was cautious at tha start aftar Monday's daclinas with 100 tonnas on offar versus bids of 86 tonnas.
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    • 315 14 London Commodity Exchange Buyer/Seller dosing prices on July 18 (£/tonne unless specified). Previous closing prices in parenthesis. CoftM Rash in-store London, tellers option OF London Jul 1059/1062 (1052/1056) High/Low 1058/1050 Sop 1062/1063 (1077/1079) High/Low 1085/1070 Sales (2866) Cocoa Jul 971/977 (977/983) High/Low nil Sop 990/991 (996/997) High/Low 1004/986
      315 words
    • 124 14 SOFT red winter (SRW) wheat futures recovered from early limit-losses on the Chicago Board of Trade on Monday, but still closed down 13-1/4 to 19-1/2 cents per bushel in sympathy with limit losses in corn and soycomplex markets on weekend rains. The widespread rains seen across the Midwest had
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    • 87 14 CBT soybean futures opened, traded and closed down the expanded 45 cent per bushel limit in all months on the Chicago Board of Trade on Monday, except limitless spot July, which recovered from early lows but still showed a loss of US$l.O9-1/2 at an US$B 85 settlement CBT soyproduct
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    • 265 14 SINGAPORE The report was not available yesterday. MALAYSIA Higher overseas trends helped the rubber market to close firmer yesterday but trading remained thin and featureless. The market extended morning gains on sustained speculative interest coupled with short-covering, again supported by firmer Singapore and Japanese prices. August Int RSS Ones
      265 words
    • 222 14 Chinese Produce Exchange Sellers' noon dosing prices on My 19 (S$/100 kg) Coconut oil Bulk FOB 130.00 OM drum FOB 140.00 N*w drum FOB 144.00 Copra Mixed (loose) 73 Pepper Muntok whit* FOB MW 952.50 Sarawak wWts FOB foq NLW 937JO Sarawak special Made FOB NLW 577JO Sarawak
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    • 285 14 RAS prices m s onMg, FOB m m NOON CLOSE Buyers Seller? Buyers C-M jesao Inf 1 RSS Prompt 255.00 257.00N 260.00 262.00N bt'1 RSS Aug 88 255JO 256.50N 260.00 261.00N Int 1 RSS Sop 257.00 258.00N 261.50 262JON Int 2 RSS OP 254.00 256.00N 268.00 260.00N
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    • 74 14 (e«n»/kfl) AUGUST 1988 SEPTEMftEft 1988 (currant month) (forwoi rd month) RAS NOON Sdm NOON SS» 30 337JO 339JON 337JO 339JON SS* 50 325.50 337JON 225JO 337JON MRELB fc/y*o i«l»n Ivytn S•A^rs SMI CV 490.00 492.00N 49Z00 494.00N SMI I 490.00 492.00N 492.00 494.00N SM* 5 311.00 313.00N
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    • 66 14 News of the proposed Arab Gulf ceasefire sent bullish ripples through the markets firming crude and product alike. Nav York data pn l»w 4my. Products (FOB Spore) i f imw< Goto* LAW USS/bonvl 17.f0 1443 Oo«e* <U5 •*■040 l»W M( WUf ft ISWt NopMha lartm. 12JO 1345
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  • Page 14 Advertisements
    • 15 14 ■It ll ill. ■W A II J 4 ■■■■■■>■■ ■■■■■■•■a ■■■■> mmmmmr rmar am rain, mr s:aL
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    • 174 14 APPOINTMENT FJ BENJAMIN SONS PTE LTD TW M, I, S. MANAGER TT e require a highly motivated and dynamic professional to lead our team of Data Processing personnel in the design, analysis and implementation of an integrated system in our Singapore Office as well as our Subsidiaries in Australia, New
      174 words

  • WORLD MARKETS
    • 958 15 New York Reuter WALL STREET stocks closed lower on Monday, wrapping up a mostly quiet session of narrow-range trading. Traders said the market was beset with concern over the direction of interest rates, further exacerbated by a surge in oil prices. Soft bond prices added
      Reuter  -  958 words
    • 1036 15 London Reuter LONDON SHARES were lower in morning business yesterday after drifting in the run up to the 0800 GMT official opening in the wake of Monday's base rate rise and falls in Tokyo and on Wall Street overnight, dealers said. British and Commonwealth shares fell 15p
      Reuter  -  1,036 words
    • 1238 15 Selected indices HONGKONG Hongkong Index Tuesday 1.***** Monday 1.***** Week ogo 1.833 78 Hang Seng Index Tuesday 2.***** Monday 2.***** Week ogo 2.***** All Industrials Tuesday 2,586 5 Monday 2.6066 Week ago 2.5820 NEW YORK Dow Jones Monday 2,117 89 Friday 2.***** Week ogo 2.111-31 TOKYO Nikkei Average Tuesday 27.*****
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    • 68 15 Reuter FINANCIAL services group British and Commonwealth Holdings PLC has agreed to buy Atlantic Computers PLC for £416 million. The offer, which values each ordinary Atlantic share at 520p, is on the basis of two new B and C ordinary stock units. £12.37 cash and
      Reuter  -  68 words
    • 459 15 Aggressive international sales tack pays off POLARIS AIRCRAFT Leasing Corp. the world's largest aircraft leasing company, has announced the completion of five major international transactions, including its first-ever transaction in the People's Republic of China. The value of the five transactions, which involved 12 commercial
      459 words
    • 494 15 FT SCHINDLER, the world's second largest lift maker, has agreed to buy the lift manufacturing interests of Westinghouse Electric of the US in the most significant piece of restructuring in the industry for years. The Swiss company has signed a letter of intent
      FT  -  494 words
    • 143 15 Reuter BONO CORP Holdings Ltd has raised its stake in takeover target Bell Group Ltd to 36.6 per cent and brokers said it bought more yesterday Bond told the Melbourne Stock Exchange it held 117.05 million of Bell Group's 320 million-odd shares as ot
      Reuter  -  143 words
    • 202 15 Reuter TEXACO INC has comfortably defeated investor Carl Icahn in last month's proxy fight, with the oil company's own board candidates receiving 56.6 per cent of the shares voted. The group nominated by Mr Icahn. who launched the proxy fight for five board seats
      Reuter  -  202 words
    • 140 15 AFP AMSTRAD, one of the largest makers of cheap IBMcompatible microcomputers. has signed a licensing agreement which will allow it easier access to IBM-pa-tented technology in exchange for giving the US computer giant access to its own licences. Amstrad said in London on Monday.
      AFP  -  140 words
  • Page 15 Advertisements
    • 375 15 TONG BEE FINANCE COMPANY LIMITED (txiwpanJ m Smgapof) umt aHAiK cemmcATc NOTICE SHERBY GIVEN THAT> no 37V oowring 1.000 Mm of SSI 00 weft i ill, lllliLi'wt'i m M 5 Barbinder &Co Re (Incorporated In the Republic of Singapore) LOST SHARE CERTIFICATES Applications have been made to the director* of
      375 words
    • 462 15 NOTICES NOTICE IS HEREBY GIVEN that, I £°S? Tat of Blk 126 Bedok North St 2 Sln gaD°re 1646, has applied for a Retail Beer Snop Licence in respect erf premises at M/s Leong Tat Mini Supermarket at Blk 272, Tampines St 22 #01-28 Singapore (1852) and that this application
      462 words

  • Page 16 Advertisements
    • 83 16 SHOULDNT YQf I DC ADVERTISING IN THE NEWSPAPER THAT TALKS TO YOUNC-AT-HEART MORn F. AND ACTIVE SINGAPOREANS? THE FACTS AND FIGURES SAf YES. Comity July 26 The New Paper will be different. ItH be fresh. Itll be just what young-at-heart, active and mobile Singaporeans have been waiting for. Those are
      83 words

  • REGIONAL MARKETS
    • 1455 17 Hongkong HONGKONG SHARE prices yesterday fell further in the afternoon from the weak opening while sentiment was affected by the sharp fall in Tokyo, brokers said. The Hang Seng Index ended near the day's low and lost 33.57, or 1.24 per cent, to 2,677.80. The broader-based Hong
      1,455 words
    • 135 17 JULY 19 WON Cheil Sugar Daelim Ind Daewoo Corp Daewoo Heavy Daiahin Securities Dong Ah Pt*ar Dong Suh Stock Oongbu Steel Gold Star Ham I Bank Ha nil Cement Hankuk Glass Hanyang Chemical Hyundai Const Hyundai Motor ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
      135 words
    • 522 17 Reuter TOKYO SHARE prices closed sharply lower yesterday due to investor nervousness about possible higher inflation after a rise in oil prices on the back of Iran's decision to accept a ceasefire in the Gulf war. "Japan's triple merits of low interest rates, a strong yen and low oil
      Reuter  -  522 words
    • 480 17 Reuter A WAVE of panic selling sent the Australian share market tumbling to a sharply lower close yesterday, wiping out Monday's surge to post-crash highs. Brokers said the market opened weaker on lower base metals and bullion prices, and plunged just before the noon break in a nervous reaction
      Reuter  -  480 words
    • 162 17 Reuter THE SECURITIES Exchange of Thailand Index fell 5.47 points to 458.04 yesterday on a turnover of 5,694,411 shares worth 726.64 million baht. JULY 1t BAMT Ao Kham Thai 460 -10 Ayudhya Investment 440 -8 Bangkok Agro-lnd 131 -2 Bangkok Bank 327 -4 Bank Ot Ayudhya 370 -4 Charoong
      Reuter  -  162 words
    • 289 17 JULY 1« MT t All Sincere Indus 63 00 57 Asia Cement 83 00 -2 Cathay Cons 103 00 -12 Chang Hwa Bank 565 00 -5 Cheng Loong 46 20 0 8 Chia Hsin Cement 68 00 -1.5 Chin Hsin Flour 27 20 urtch China Chem 51 50 unch
      289 words
    • 68 17 JULY It PESOS Aco|« Mining 1 Anglo Phil Apex Mining B 0 036 -0 005 Atlas Con B Baguio Gold Basic Petroleum Benguet Con B First Phil Hldgs Lepanto B 11 25 •♦■0.25 i Marcopper Marsteel Oriental B Phil Overseas Phile» B 039 unch Picop B PLOT 204 ■*•6
      68 words
    • 335 17 Reuter JAPANESE BUSINESSMEN, flush with cash, have just added a top Paris restaurant to a growing list of upmarket investments in France. The Asahi Brewery Company, part of the Sumitomo conglomerate, last week acquired the LucasCarton Restaurant, where chef Alain Senderens created
      Reuter  -  335 words
    • 173 17 AP THE NEW ZEALAND government is considering selling more than 25 percent of its holdings in the government-owned Air New Zealand. Mr Richard Prebble, Minister of State-owned Enterprises, said the original 25 per cent limitation of the offering, announced in last year's budget, may be
      AP  -  173 words
    • 3288 17 SHARE PRICES on the Kuala Lumpur stock market fell across the board yesterday amid generally soft overseas bourses. Despite a slightly higher opening, prices turned easier later on news of the sharp fall in Tokyo in morning trading. Dealers in Tokyo said the market
      3,288 words
  • Page 17 Advertisements
    • 5 17 Technology in BT every Friday
      5 words
    • 249 17 SIHGAPORE AIRLinES LUTIITED (Incorporated in the Republic of Singapore) Airline House, Airline Road, Singapore 1781. NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixteenth Annual General Meeting of the Company will be held at the Collyer Room, 4th Level, The Westin Stamford and Westin Plaza, 2 Stamford
      249 words

  • STOCK EXCHANGE OF SINGAPORE
    • 46 18 Company RIGHTS ISSUE Company BONUS ISSUE Metro Hldgs On»-for-fiv» Ex-dot#: Jul 8 Boots dot* Jul 20 Transmarco On«-for-four Ex-dot*; Jul 8 Books dot*: Jul 20 SPP Ow-for-two Ex-dot*; NY A Books dow; Aug 1 Toon Sing On®-for-10 Ex-dot* NY A Books dot*; Aug 1
      46 words
    • 270 18 Company RIGHTS ISSUE AMDS One-for-four $050 par shore C 1 Holdings 27 million loan stocks in tha ratio of $3 loon stock for every five ordinary chnrM C K Tong worw wo On*-for-two $2 25 par shore Each rights comas with two dalochobJo TSts. Tha exercise price for
      270 words
    • 171 18 SATERAS RESOURCES (Malaysia) Berhad: EGM at 2nd Floor Bangunan Sateras, 152 Jalam Ampang, ***** Kuala Lumpur today at 11am. QB HOLDINGS Limited: AGm at 26 Jalan Terusan, Jurong Town, Singapore 2261 tomorrow at 10am. BUKIT Sembawang Estats» Limited: 22nd AGM at 19th Floor. OCBC Centre, Chulia Street, Singapore
      171 words
    • 131 18 9E HHB| S| KT w Japan Gr Fund 145 ISO Shenton Thrift Fund 087 087 (JOB Management Urn Kind 097 097 Urnbond 101 1035 MARA-Bumiputra First B'putra 665 670 Second B'putra 599 604 Third B'putra 443 448 Fourth B'putra 5.16 521 Fifth B'putra 2.93 298 Sixth B'putra 3S9
      131 words
    • 718 18 AFTER THREE days of steady advances, the Singapore stock market turned tail yesterday in reaction to sharp declines in Tokyo and Hongkong, aparked off by uncertainty over oil prices and interest rates. There was a heavy bout of profit-taking on the local
      718 words
    • 5164 18 1 Htgft Low Tal Coda Company Last Sale orQfa Dhr Mv CV Qr's rid Nat P/l Vol Coo®] Day High Low Laat C Buyer moia l#N#r SECTION OMfe MOUSmiAL COM MERC IAL 1005 139 72 1000 990 218 100 121 460 176 350 125 167 132 294
      5,164 words

  • COMPANY NEWS
    • 418 19 MBT ALUMINIUM CO of Malaysia (Alcom), which has been reporting losses since 1984, is now back on the profit path. Chairman Tunku Imran ibni Tuanku Ja'afar said the turnover was due to higher exports and the favourable impact of the in-terest-free
      MBT  -  418 words
    • 502 19  -  By ELAINE KOH CASH-RICH Singapore Airlines Ltd has ruled out any mega-car-rier mania or diversification spree. Chairman J Y Pillay said in his latest address to shareholders that although it is tempting to use the company's healthy balance sheet to indulge in such an exercise, the
      502 words
    • 643 19 TOBDQSI sjdxsk™, WHILE INVESTORS may have been unnerved by the sharp 513-point fall on the Tokyo stock market yesterday, they were not blind to the appeal of Cold Storage Holdings PLC. Moving solidly against the downtrend, the stock emerged as the day's top gainer,
      643 words
    • 445 19  -  By ROSIE TAN in Kuala Lumpur THE MALAYSIAN capital market offers a great opportunity for well-man-aged and profitable public companies to tap its potential. says Bank Negara deputy governor Datuk Dr Lin See Yan. Speaking to delegates on the second and final day of the
      445 words
    • 168 19 BALLOTING for National Kap Ltd's share offer, which closed yesterday, will be held today. At press time, there was no immediate indication of the level of response. As only four million new shares priced at 95 cents each were offered for sale, analysts do
      168 words
  • Page 19 Advertisements
    • 283 19 A Grand Performance by a Triple A' Bank How your funds fared ch»ng« 4to Jun 30 1 988 +31.2 DBS CPF Index Singapore Unit Trust The Commerce and Industry Fund Thg Ravings Fund S'pore Progress Fund S'pore Securities Fund S'pore Investment Fund S'pore Equitj^Fund_ M OUB Investment Union S'pore Fund
      283 words

  • 428 20  -  Hsien Loong calls on Rithauddeen today By ANNA TEO in Kuala Lumpur ASEAN MATTERS rather than bilateral issues took centrestage when Trade and Industry Minister Brigadier-General (Reservist) Lee Hsien Loong called on his Malaysian counterpart, Datin Paduka Rafidah Aziz, yesterday. The two ministers
    428 words
  • 279 20 Bernama SARAWAK POLICE have arrested five people under the Internal Security Act (ISA) on charges of threatening the security of the state. The five arrested are Haji Balia bin Haji Munir, 49, managing director of the Sarawak Tribune and a former state
    Bernama  -  279 words
  • 173 20 AFP MALAYSIAN Deputy Prime Minister Ghafar Baba said yesterday that all races in the country will be consulted in the formulation of an economic blueprint for the 1990s to replace the current New Economic Policy (NEP). Mr Ghafar announced in Kuala
    AFP  -  173 words
  • 179 20 AFP THE WEST GERMAN central bank, the Bundesbank, yesterday raised one of its leading interest rates by a quarter of a point in the latest bid to quell mounting inflationary pressures. The bank offered 35-day securities repurchase agreements for commercial banks with an
    AFP  -  179 words
  • 472 20  -  By FOO CHOY PENG THE FOREIGN SHARE of the national economic pie has been growing over the last two decades, according to a publication released yesterday Foreigners accounted for 25 cents of every dollar earned by Singapore last year. About two decades
    472 words
  • 178 20 TAIWAN'S Economics Minister and eight other officials face impeachment over a scandal involving the island's top carmaker The Control Yuan, the watchdog branch of Taiwan's legislature, has passed a proposal to impeach Lee Ta-Hai for allowing the Yue Loong Motor Company to manufacture illegally diesel engines,
    178 words
  • 63 20 Reuter CHINA S FIRST securities company, Shanghai International Securities Co Ltd, was officially opened on Monday. The pro-Beijing 7a Kung Pao newspaper said the SIS is a joint venture between 10 major companies in Shanghai. The newspaper also said several more securities companies will open
    Reuter  -  63 words
  • 100 20 Reuter COMEX gold futures fell on early selling yesterday in anticipation that Chicago Board of Trade grains will add to Monday's losses. August gold was off US$l.5O at U*****.30 an ounce after giving back a mini rally to U*****.00. Silver futures gave back early gains and
    Reuter  -  100 words
  • LATE FILE
    • 39 20 Reuter THE first member of Taiwan Parliament to visit China has arrived in Beijing in defiance of orders from his government. China's state television said yesterday that Wu Zhelang arrived in Beijing on Saturday. Reuter
      Reuter  -  39 words
    • 35 20 RECENTLY arrived Vietnamese boat people set fires in their detention camp yesterday to protest against Hongkong's new policy to treat them as illegal immigrants instead of political refugees, the government said. AP
      35 words
    • 64 20 Reuter THE Philippines plans to turn the historic "World War II island fortress of Corregidor into a major tourist centre. The Philippine news agency said yesterday that the government had allocated US$25 million to develop the island in Manila Bay where US and Philippine troops
      Reuter  -  64 words
    • 42 20 AFP FRANCE has begun legal action against 11 Australian companies to stop them using the name "Beaujolais" on their wines. A spokesman for the plaintiff in Sydney said yesterday that proceedings against the 11 began on Monday. AFP
      AFP  -  42 words
    • 33 20 AFP ROGER VIARO, the French restaurateur who ran Maxim's restaurant in Paris from 1959 to 1965, died of a heart attack on Sunday in Antibes. France. He was 69. AFP
      AFP  -  33 words
    • 61 20 AP THE European Community Commission said yesterday that it will create a special research group to study the "greenhouse effect', a gradual rise in the earth s temperature due to industrial pollution and deforestation. It is estimated that the earth's temperature will rise by 1.5
      AP  -  61 words
  • Page 20 Advertisements
    • 251 20 The Singapore International Motor Show '88 the biggest motoring P event ever is now open! Car hunters and enthusiasts will thrill to the more than thirty of the latest makes and models on display A wide range of Main Attractions The latest models of motor vehicles. Grand Lucky Draw Grand
      251 words
    • 142 20 I HAITI AD A c SALUTES CITRI TT M 3 YEARS OF SUCCESSFUL PARTNERSHIP MOVING TOGETHER INTOTHEI99O's AND BEYOND Innovative and excellent manufacturing, technological excellence and strategic marketing techniques have MM made our company, Hamada, a leading world-class manufacturer of the largest range of fine printing and printing related We
      142 words

  • SHIPPING TIMES
    • 121 21 SHIPPING lines are appealing for better equipment and services at the Manila International Container Terminal and South Harbour. The Philippine Ports Authority (PPA) has yet to repair two cranes at the terminal and lines are suffering costly delays, says the Association of International Shipping
      121 words
    • 357 21 TO MEET the growing demand for slots, the five-member Trio consortium has taken on an additional vessel on a one-year charter. The 2,800-TEU London Express leased from CMB will join the largest grouping in the Far East-Europe trade at the end of August. The
      357 words
    • 178 21 AFP THE JAPANESE Transport Ministry has urged Japanese shipping companies to hire foreign seamen on Japanese-ftsg vessels to cut costs and restore international competitiveness. The ministry's 1988 white paper, "The Current Situation of International Shipping." said an increasing number of Japanese shipowners were
      AFP  -  178 words
    • PORTSIDES
      • 95 21 AFP HONGKONG-BASED Wardley Capital Ltd has arranged ship financing facilities of US$23 million for South Korean industrial giants Daewoo Corp and Hyundai Heavy Industries Co Ltd. A company statement said the finance, in the form of a promissory note discounting facility provided by the British
        AFP  -  95 words
      • 98 21 Reuter DOCK WORKERS at the Port of Montreal have reached a tentative agreement with the Maritime Employers Association, a spokesman for the group said. No details of the agreement were released, but members of the International Longshoreman's local 375 must still vote on whether or not to
        Reuter  -  98 words
      • 100 21 Reuter A ISO.OOO-TONNE Soviet tanker, testing a new supertanker terminal for oil storage, became the biggest ship ever to dock at a Cuban port, the national news agency AIN reported. The unloaded Sovietskaia Neft did several successful docking tests at the new wharves of the
        Reuter  -  100 words
      • 112 21 AFP TWO FRENCH ships have left Noumea to conduct oceanographic research in parts of the Coral Sea between New Caledonia and Australia, said a source from the French scientific research institute Orstom. The two vessels, the AI is and the Coriolis, left on Monday on an operation sponsored
        AFP  -  112 words
    • 908 22 If a simple investment in training crews in technical skills is hard to justify then expenditure on personnel safety will fail most conventional tests. There is, however, mounting evidence that for those taking a long-term view the rewards are potentially high. This article from
      908 words
    • 905 22 A8 Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Ahrenkiel liner X 4 AHtront VM 3 AC Toepfer XI 5 Amencon Tpt It 4/5 Anro Service IV 2/3 Arrow lines IX 5 Asian Ocean XI 4 Assoc Carriage XI 5 Atlos line X 4
      905 words
    • 360 23 FT WAR-WEARY marine insurers at Lloyd's of London greeted reports of an end to the Gulf conflict with expressions of gratitude leavened with a degree of scepticism. So many ships have been hit culminating in an attack last Friday by
      FT  -  360 words
    • 897 23 AFP RATES weakened slightly over the past week on the dry cargo market in quiet trading. The Biffex (Baltic International Freight Futures Exchange) index slipped 12 points on the week to end at 1,171.0 points. The week opened on a quiet note as rates remained stable on most
      AFP  -  897 words
    • 320 23 AP THE PROSPECT of an end to the Iranian-Iraqi war is raising the possibility that the United States will be able to reduce its military presence in the Gulf, US officials said. White House spokesman Marlin Fitzwater alluded to that possibility after Iran agreed to accept a
      AP  -  320 words
    • 9318 28 §®aBQmB 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
      9,318 words
    • 2081 30 Who acts for whom A—6 AB Shipping Bouatead Shpg Agenciee ABC Containerline NV S pore Shpg (S) Accord Shpg Accord Shpg (S) Africa Ocean Linee Sealion Shpg (S) Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Ocean lis Shipping Agenciea (S) Muttiport Sdn Bhd (PK) Ailtrane Alltrana Express American Preeident
      2,081 words
    • 1176 30 A SLIGHTLY firmer trend could be detected in the North Atlantic and North Pacific loading areas on the London shipping freights market on Monday, and brokers began to show more interest in time-charter operations. Little detailed fixing was reported from the US Gulf grain origin, but Cargill was
      1,176 words
    • 292 32  -  By KINGSLEY WOOD writing for BT from Sydney AUSTRALIAN wharves have called for greater cooperation from overseas shipping lines in labelling Australian-bound cargo after a potentially dangerous incident at Sydney's Glebe Island terminal on Saturday. Waterside Workers' Federation members stopped unloading the Proud
      292 words
    • 156 32 AP AT LEAST 5,000 freight cars carrying goods to the Soviet Union are backed up at a major transloading station in eastern Hungary as the Soviet railways are unable to handle them, the state MTI news agency said. "A jam of this dimension has
      AP  -  156 words
    • 104 32 Reuter OPERATIONS at Bombay port, India s busiest, have been paralysed for three days because of heavy monsoon rams, a port official said. He said the number of vessels waiting for berths on Monday was 14 compared to none a week ago. "If rains
      Reuter  -  104 words
    • 206 32 Reuter THE PORT of Corpus Christi has reopened after a major oil spill forced its closing last week, a US Coast Guard spokesman said. "The port is back to normal as far as shipping operations are concerned," said Coast Guard Lt Mike Crickard. Limited
      Reuter  -  206 words
  • Page 21 Advertisements
    • 754 21 vV ,o^ STP Distributors 5T€ OOCL OVEIQEAS Qotdcam* LINE NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORLD ROUTING' \MIu JaTd'NE SHIPPING AGENCIES (Rof No 242K4/ OOK) 200 Cantonmwt Road #12 05 Southpoint. Singapore 0208 TH *****11 TELEX NO RS ***** TERMINAL,>CfS T«4 *****18 220 BOOKINGS Tel *****34 235 PESAKA JARDINE SHIPPING
      754 words
    • 128 21 mm THE SHIP MANAGER knows that payroll costs depend on agreements negotiated with the national labour unions. But the cost of a professional and well-trained crew is not simply a cash premium over the cost of a crew supplied by an agency, it reflects a long-term investment of training and
      128 words
    • 488 21 *°tw .o^ TIMES STP Distributors MAERSK LINE WE PUT YOUR CARGO ON THE TRACK TO THE U.S. GULF Th« aM Anders M Ooaang Tune CY TOn 2300 MRS CFS 20H 1300 MRS To Europe -UK Scandinavia Finland wmmummrmmrm AXEL M MM turn* TOKYO Ml 2 LUNA M «>0 ARTHUR M
      488 words

  • Page 22 Advertisements
    • 675 22 u Hapag-Lloyd WE ARE PROUD TO INTRODUCE LONDON EXPRESS ETA SINGAPORE IST SEPT 1088 OPERATED BY HAPAG LLOYD (A Member Of Trio Consortium) Agents: 1 Singapore*****oo•Bookings *****08»CF*****448 K. Lumpur *****25* P. Kalang *****18 CFS *****50• P«nang *****7, *****2 FULLY CONTAINERISED TRANS-PACIFIC WEEKLY SERVICE EAST BOUND TO USA TO PSW HYUNDAI
      675 words
    • 20 22 Lines and services represented by Members of the Registry of Accredited f Shipping Agents. Singapore National K'M&'Jtfil Shipping Association. \S&KF%r/
      20 words
    • 485 22 C SAV Sud Americans dc Vjpcrcs S 0«V.lf» L'~n TO/FROM CHILE JTMM VESSEL IK TOKO AMCA NN AHTOFVALP SAt vessel up an ww-i \M CARRIER a>— m J» VESSEL Z7» V* W CARGO FOR PUNTA ARENAS. TALCAHUANO (SAN VICENTE) ACCEPTED WITH T/S VIA VALPARAISO Agents Singapore *****00 K. Lumpur *****25/6/8.
      485 words

  • Page 23 Advertisements
    • 877 23 The Straits Steamship Group i Mansfield Container Shipping Re Ltd P&O Containers CONTAINERS!* SERVICE TO UK/CONTICNT: S'para PKlanf Stan H riw«r<H La Ha jw am up um op nre um mm um m mm lams my an an m m an w zm HOW KONC EXPRESS m® mm u a*
      877 words
    • 686 23 r M.V ANDHDLA WIDURI ARRIVXD SINGAPORE M.07 .n. Consignees of all tlim»twl cargoes ex the captioned vaaael are hereby notified that a general survey will be held on the 21st July IMB (Thursday) at Keppel Wharves K2O from 0900 hours 1300 hours. No further survey will be entertained thereafter. Agents:
      686 words
    • 117 23 SGS I NSPECTION (IN 140 COUNTRIES WORLDWIDE) SGS SINGAPORE (PTE) LTD 71, AYER RAJAH CRESCENT #07-18 AYER RAJAH INDUSTRIAL ESTATE SINGAPORE 0513 TEL- *****50 (MARINE DEPI7INDUSTRIAL DIVISION) TLX: SGS RS ***** FAX: (65) *****27 EUROPE 1 ■Fill 24 17 IF 117 MM IF 111 AM I'—.U 1 J mi\. «ll
      117 words

  • Page 24 Advertisements
    • 445 24 HXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN KUAN IRAN EKRAM Singaport v» BANDAR ABBAS BANDAR ABBAS Loading for:JAPAN, KOREA KYOWA LINE Singapore Loading for. A VESSEL 15/8 LAE, PMB, RBL, HRA HK LOAD FOR OCEANIA EXPRESS V-18 6/8 GUAM, SAIPAN YOKO KYOWA ROSE V-27 6/8 YAP
      445 words
    • 800 24 KS MM* Sua KLINE c—n**rtso FULLY CONTAINERISED SERVICE •FDR/BOTHER VtSttL OK* 3E/HANJIN KWAMCYAMC <71 4M X/ROMAN HOWS JIN 77E 81 M/HARIIN KWANGVAM «7E SSt K/KMEAN DONS JIN 77E KCN S7E/NAIUIN RUSAN BE KCN 37E/KOREAN WONtS SUN 7X ACO IX/NANJIN POMAJK HE ACD IX/KOMAN DONS ONE OE BU LA OAK SEA
      800 words
    • 164 24 VA FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY t KARACHI: ETA 9/8 23/8 NEW SERVICE DUBAI 28/7 A 10/8 fo«. Porto, usbon. oran, wl»ao MAOMO, MALAGA. MEUUA, T ANGER, TENERIFE, LASP ALMAS, ALG« TUN«, VALLETTA, IRUN, CEUTA I ISTANBUL 6/8 4 9/8 FAR EAST PORT KELANG 4 PENANG
      164 words
    • 971 24 H mtz*£l EVERGREEN Full Container Srn > Round-The-World East Bound (FE/C ARIB/USEC/EURO/FF) StfUCatKUWORTTOOB Essasassras. ill: l: ll ssssi. s ii M 11 also accepting cargo to u 2STSS mtnm "*«O*«A. HORFOIK. McnMwm. RnUNNCTOR RERMJOA. FTC 0 ATLANTA. CHICAGO DETROIT. CQIURMJS t OTHER NAHM tROMIME OESTMATHM nc LM MR UMn W
      971 words

  • Page 25 Advertisements
    • 609 25 MM ■d—l \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VOY SM jkt my VOY SIN no hko kao ism slo t\n tan Htm tan tan i/t m m m im 12/1 tram tan m mm m tn im i
      609 words
    • 236 25 CHINA OCEAN SHIPPING COMPANY ulllfrullu fMp Spor. Honfkonf Koto Sim*.. SHANGCHENG VK 12ft 1M 22/1 V> 1/9 UKC FULL COHfTAPTO IYK» ro U r c— S'P** H'hurj TH A'wori DKK FEN HE SIN 14/7 IV7 21/7 12/1 14A 1U lM 204 qehchesiw w w w m m z* MAUTIU/ Sper*
      236 words
    • 578 25 ve% ben LINE *VA 4 CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT rmym wm rrow uam stoat roa 11» MM S»M MM l«M MM UM M? MR&. RAO Mate. MM IM WWbM S/7 tt T* W- M MM MM MM W7 IA MS. AAO T«*T. U»
      578 words
    • 589 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRHCOfU LLOYI EXPRESS SEMI CONTAINERSNIP SERVICES SIN6APORE TO EUROPE VSL/VOY 'A' VESSEL LJ. BONTANG/15WB SRIWIJAYA/24W8 OCEAN PfMMA/IIWB KUTAI/15 WB I Krai H'BURS/ BREMEN S PORE BILBAO ANTWERP H'BU ROAM/ADAM BR El 9-12/1 14/9 17/9
      589 words
    • 325 25 BOUSTEAD SHIPPING AGENCIES PAGAN VUW PA-AM VI27V HTONEYWA V2J7W BURMA FIVE STAR SHIPPIHC CORPORATinM (Burmese National Line) Loading for Rangoon S pore P.Ktlanf Panang Bangkok ja 'IgfTO NORTHBOUND TO UKC SPORE ROAM HULL TAMAITAI SAMOA VI3N M/ 7 ju na FORTH BANK V22N 3A Ma M IVYBANK V22N ifl 15A0
      325 words

  • Page 26 Advertisements
    • 816 26 K'link KAWASAKI KISEN KAISHA, LTD. N. AMERICA-ATLANTIC COAST ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE •PK/PNG up np 1/1 w ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE •PK/PNG *INDO NEPTUNE CRYSTAL CHINA CONTAINER HONGKONG CONTAINER KOREAN JACEWON •PK/PNG 14P 22/7 2%P 4/1 QUEENSWAY BRIDGE SEVEN SEAS BRIDGE KOREAN
      816 words
    • 748 26 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Smpport P Kalanf IW| LMdw* tor. W Bj Ftadat By Faadar KALIOAS V 38 TULSIOAS VJ7 KALIOAS V S TULSIOAS V 38 1 Au( Fram/kWb/Syda/Adat 25 Auf Frtmfitdb/SftolM* 19 Sa«t Frtm'lMbSfdn A«W 14 00 Fram/Mafc/Sydn/Adal INDIA EXPRESS CONTAINER SERVICE AoMpMng FCL/FCL Container* FREMO
      748 words
    • 686 26 STRAITS/PERSIAN GULF SERVICE: GOLDEN HAVEN Colombo/Karachi Duba. GOLDEN BEAR Cotomto/KeradM/Ouboi CHINA SERVICE DAi TUN SHAN SheiftM. A VESSEL Hutngpu Shtnfh*i GOLDEN LINE GUAN GUAN SHIPPING (PIE) LTD Tetok Ajrtf Street SINGAPORE 0104 TEL SMJM (10 LINES) Fai *****04 S'port PMar* P«nan| 30/31 July M Am Z CHINA OCEAN SHIPPING CO.,
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    • 539 26 v M PHIU onICNT LIN€S PT€ LTD H£AO OFfiCf 63 ROHNSON ROAO •071? AIRO ASIA BUILDING SINGAPORE 01C6 TfUX RS ?87?0 PHIL I FAX *****76 EAST/FM EAST Fa i LCI SEIVICE I "M" —'<'■ ','T. M vvmrr'ir'M N.KONC note. TOKYO, KEELUNG. KAOHSJUNG, MANILA BANGKOK BUSAN JAKARTA •■nrrr OMTTAOONG 'il i
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  • Page 27 Advertisements
    • 901 27 NEPTUNE AGENCIES PTE. LTD FE EU/AUST TP A/SEA o*n*ral Enquiries: T«l: 275M77 Ttrmirul CFS BOOKINGS *****53 *****4J *****22 *****53 *****11 27*116 p Ktiang NEPLINE SON. BHD 368M87 NEPTUNE ORIENT LINES LTD Ptnjflf" NEPLINE SON. BHO. UOO3S/S27tto«7tti*??6*2 J.Bahm NEPLINE SON. BHD *****0/2MQ4I *****53 *****42 *****U *****16 27*111 *****41 INWARD/OUTWARD ENQUIRIES *****44
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    • 484 27 HEUNG-A SHIPPINC Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG. KEELUNG. BUSAN INCHON 5353 WEF JUNE:1) BUSAN I SINGAPORE 2) 9 10 OAVS SERVICE II Vasters Name ETD BS SPORE PKELANG Mo 6 Donam/K7N IJ/07 23-2J/B7 No I Donam/KKN 10/07 23 2WJ7 27-21/07 No I Donam/KKN 17/07 30-02JV
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    • 926 27 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 ***** PCNANC P KELANC MESSRS HAI THONG SHIPPING 127 Penanj Street. Penary Malaysia M S HANDLING SYSTEM CO SON
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  • Page 28 Advertisements
    • 325 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TtL 225 6868 <30 Lmes> FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD DEUTF R ACHT/SEEREEDE RE I ROSTOCK j| RUHLANO VVtt GftOTEWOHL vym °**Accaatin| cargo for Hong Konf. Buaan, Takyo ate Koto. REGULAR CONVENTIONAL SERVICE rrr CS from
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  • Page 28 Miscellaneous
    • 162 28 Ki Regional Weather <V *A Wa SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. July 20, 1988 LEGEND: d^' Wind direction with speed in knots Wove height One half fleche represents 5 knots R Thunderstorm Temperature c A Jm ower Weather Wind direction with speed m knots Rom e Cloudy
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  • Page 29 Advertisements
    • 1947 29 4 FARGO SHIPPING COMPANY (PTE) LTD. N0.15 Hoe Chiang Road Sanford Building. Singapore 0208 Tel *****22 Tlx: ***** FASCO $> ABC CONTAINERLINE N.V. TO AUSTRALIA/NEW ZEALAND VS. 12 DATS TO MELBOURNE! TO USA/CANADA vs. •nmcio I VlO I2VU A I*o accenting cargo to USA —Howton, Savannah. Tampa, Jack*on*ill«. Wilmington (Del)
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    • 182 29 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 <t> c n an i IJ—mlJ Algerian National Line MV BEL ABBES MV BECHAR S POKE LOADING TO JMP JAPAN 21/7 JAPAN ALL VESSELS ACCEPTING FCL CONTAINERS FOR JAPANESE PORTS Heavy Lift 100 tons available On Inducement
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  • Page 30 Advertisements
    • 566 30 m fine-liner shipping PTE LTD /O Shenton Kiy, 04 0?C Minnj House S pore 070/ TEL ??W)/7 (8 Lines) TLX RS ***** FLINER FAX *****56 EUROPE SERVICE IV? lull ImS? FAR EAST SERVICE 1 IS J IS Hamburg West Germany Tiger Line BEN LINE AGENCIES (S) PTE. LTD. Telephone: 225
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    • 712 30 ZIM FULL CONTAINER SERVICE accepting FCL/LCL cargoes to USA East t West Coast Carribbean.Eatt Canada HAITI Costa Rica El Salvador Guatemala Honduras Venezuela. Peru. Ecuador. Colombia via Miami. Trinidad. Barbados Antigua St Lucia. Montserrat. Guayana via Kingston v. i i| i —i iB i i B i mr AUSTRALIA CONTAINER
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    • 361 30 Everett Lines sap? L'JM.'B LOADING FOR CALLAO, MATARANI, ILO* ANO ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. p. K«Unc* Sinf^ora MURRAYEVERETT n/2 Au| THOMASEVERETT 13/14 Aul HUGH EVERETT 17/11 At« W EVERETT ORIENT LINE' JAPAN/BAY OF BENGAL/JAPAN SERVICE M LOADING
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  • Page 31 Advertisements
    • 269 31 MTERCONTMENTAL LINES JEURO EASTERN BLOCK SERVICES CONSOLIDATION CO-LOAOING WEEKLY FROM Singapore Port Kelang Penang UK/EUROPE: FAR EAST UnMad Kingdcw Bangkok, Horn Kong, Kaaiung. Kaothiung Rattardam Busan, Manila. China Hamburg. La Harva and Japan Island Scandinavian Countrw (Ail inland tertinatram accaptaMa) BOOKINGS/ENQUIRES, PLEASE CONTACT:SINGAPORE *****11 TLX: ***** 'SEAAIR' FAX: *****50 P.
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    • 335 31 Consolidation Service NEW CALEDONIA TAHITI SIN 23/7 NOUMEA 5/9 PAPEETE 6/9 MAURITIUS REUNION ISLAND SIN 23/7, 29/7 PORT LOUIS 2/8 REUNION 11/8 FRANCE SIN 9/8 MARSEILLE 26/8 LE HAVRE 31/8 TRANSTAINERS {J} delmas-vieueux WEST AFRICA SERVICE CASABLANCA/NOUAKCHOTT/DAKAR/BANJUL/ CONAKRY/COTONOU/LIBREVILLE/ P. NOIRE/MATADI Thru direct B/L to BAMAKO/NIAMEY/ OUAGADOUGOU/BANGUI/KINSHASA TTA Freight Pte Ltd
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    • 485 31 ttl SDK KRMK HANG TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST LCL/FCL SERVICE VESSEL TBN BANGKOK 29/7 VESSEL VESSEL JENHOL 74N JAKARTA 27/7 A VESSEL Also accepting cargo to KEELUNG KAOISIUNG CHINA {Via HONG KONG) P KELANG BUSAN S JAPAN E MALAYSIA BRUNEI POWTS EUROPE USA CANADA A AUSTRALIA
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    • 601 31 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* SP GLORY SELATAN VIII VH SM C/SELATAN V V V SM C/SELATAN IXV-74 21/7 PKL PN BIN KAON tip 2V7 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS
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    • 351 31 PTC CONTAINER LINES FCI/ICL SERVICE PTC GftOUP SIN FAR EAST 24/7 KEELUNG/KAOHSIUNG 26/7 BANGKOK 24/7 MANILA 23/7 JAKARTA 23/7 PORT KELANG/PENANG 22/7 BUSAN 26/7 TOKYO/YOKO/KOBE 1/8 HONG KONG also accepting cargo to Huangpu Shenzhen Fuzhou Xiamen/ Xingang/Shangtiai 24/7 RDM/HAM/ANT/LE HAVRE/GENOA 24/7 LDN/FLX/LVP/SOU 24/7 LA./NYC/SFO 24/7 VANCOUVER/TORONTO/MONTREAL iiL" vinriuir 24/7 SYD/MELB/ADEL/FREM
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  • Page 32 Advertisements
    • 390 32 UL Hai Sun Hup Co (Pte) Ltd l L_l TEL *****06 (20 Lines) TLX HS ***** &RS ***** fc. I \M I. K\ \K I l\l K III) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT 2 'Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG. TAIWAN
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    • 429 32 TO USAAND r FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE EAST COAST/GULF/CANADA/MEXICO FRENCH WEST INDIES VM. Spara LaHawt Connactmf VSI For ON V2C 2S/7 11* STUTTGART EXP. BuW.lltawi. MoW, DEJIMA VHI 1/S U/t DUSSELDORF IV sf, Ohmm. HouStan/ HJRIAVH2 w H0 NUUNKRC EXP Ihlkc Van CnH. Mulco City. i
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    • 198 32 I REGULAR TSR SERVICE TO KABUL/HAIRATON/ TORG/IRAN/E.BLOC WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES Ag€nt MNON-UU SHIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** General A** HWA YANG MARINE PTE LTD (a member of The Straits Steamship Croup) 15 Hoe Chiang Road #08-02 Sanford
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    • 845 32 miimm 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 VEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROP r hi' i 11.1. 1 "mi BREMERHAVEN. COPENHAGEN. HELSINKI. ■AUK). OSLO. STOCKHOLM UK. FROM EUROPE ittKNHAVEN, HAMBURC. ROTTERDAM COPENHAGENVHSHIL-
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