The Business Times, 28 July 1988
1988-07-28
1
28
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The Business Times
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Title Section11 1988-07-28 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, JULY 28, 1988 75 CENTS11 words
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Article249 1988-07-28 1 AP Dow Jones higher WALL STREET stocks showed little change in early trading yesterday after gaining on news that the advance estimate of second quarter gross national product came in at 3.1 per cent. The Dow 30 was up two at 2076 after climbing to 2081 andAP - 249 words
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Article, Illustration232 1988-07-28 1 SHARE PRICES in Singapore yesterday recouped some of Tuesday's losses on the back of a recovering Tokyo market. Brokers said most of the gains came in the morning with sporadic profit-taking in the afternoon. Most institutions stayed at the sidelines awaiting the release of data232 words
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Article118 1988-07-28 1 THE US DOLLAR fell sharply from its early highs in New York last night on news that US gross national product grew at a slightly smaller-than-expected 3.1 per cent rate in the second quarter. Dealers said the US Federal Reserve also intervened in the118 words
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Article, Illustration452 1988-07-28 1 GENEVIEVE CUA - By GENEVIEVE CUA THE VENICE Simplon Orient Express famed as Europe's most luxurious and romantic train will link Singapore to Bangkok via Kuala Lumpur in 1990. The Orient Express train journey, which will be marketed as luxury-leisure travel, will be set up at a cost452 words
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Article, Illustration690 1988-07-28 1 ANDREW RAJKUMAR - Texas instruments to manufacture 4-MB chips By ANDREW RAJKUMAR THE JAPAN-AMERICA electronic superchip marketing battle now taking shape will feature a premier role by Texas Instruments Singapore (Re) Ltd (Tl). This follows a decision by the American electronics multinational, which pioneered memory chip techniques adoptedSource: Businese Week - 690 words
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Article342 1988-07-28 1 Reuter THE US economy continued to grow briskly between April and June, expanding at a 3.1 per cent annual rate after the 3.4 per cent pace of the first quarter. The commerce department in Washington said yesterday that the rise in gross national product (QNP)Reuter - 342 words
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Article47 1988-07-28 1 AFP BRITAIN recorded a current account deficit of £1.02 billion in June. The Department of Trade and Industry said yesterday that the deficit is higher than the £800 million generally expected, although still lower than May's record deficit of £1.14 billion after revision. AFPAFP - 47 words
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159 1988-07-28 1 THE 4-megabit Dynamic Random Access Memory (4-MB DRAM) chip a piece of silicon the size of a thumb nail and less than o.smm thick is able to store more than 4 million bits of information. That is equivalent to more159 words
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210 1988-07-28 1 Reuter JAPAN cleared the way for a major tax cut yeeterday. which economists lay should assist the world economy at a crucial time. They said the 1,300 billion yen income tax cut for 1968/89, which paaaed the Lower House of ParliamentReuter - 210 words
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Page 1 Advertisements
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Advertisement208 1988-07-28 1 TIEN GOURT J? SICHUAN CUISINE Kings Hotel Havelock Road Singapore 0316 Tel: 733 0011 r Full report, PAGE 14 Raglonal markets, PAGE 16 World marfcats, PAGE 17 How to get ahead without ending'up in deep waters. If vou're thinking of expanding your business, GPF has the scheme to help vou208 words
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Advertisement316 1988-07-28 1 Pragmatism in Malaysia MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad is said to have recently asked to view a film about how an American fast-food chain trains its staff. What has this to do with the country's political crisis and with relations between Malaysia and Singapore? Columnist Seah Chiang316 words
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Advertisement46 1988-07-28 1 TOTAL TRANSPORTATION 3?j te1:265-3833 CROWN PACIFIC Melwani, exclusively male. AL O pen at I B nternational uilding (Next to Lido Theatre) 360 Orchard Road. "01-18 m V r M *02-55/56/58 Wisma Atria. Tel *****25 *02-23, Plaza Singapura. Tel: *****29 Ist level, Metro Vtarina Square Tel: *****7546 words
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HOME NEWS
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Article, Illustration556 1988-07-28 2 ANNA TEO - Move to help ease labour problems of various industries By ANNA TEO VOCATIONAL TRAINING will be revised next year to attract more girls and to help ease industries' labour woes. New non-technical courses will be introduced to prepare pri-mary-school leavers particularly girls for556 words
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251 1988-07-28 2 THE SINGAPORE Polytechnic will spend $30 million to expand its Dover Roed campus, increasing its student intake by 1,000 in 1991 once the buildings are ready, its principal said yesterday. An. earlier expansion two years ago took full-time student enrolment from 6,000 to251 words
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321 1988-07-28 2 HAVE A THIRST for knowledge, value good labour-management relations and strive to improve everyday. These were the three traits of the Japanese that National Productivity Board chairman Mah Bow Tan urged Singapore Polytechnic's graduates to emulate. Mr Mah was speaking at the Polytechnic's321 words
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Article224 1988-07-28 2 PAPER MERCHANT Wiggins Teape Limited has sold its Singapore and Malaysian operations to the Shriro Group. The two companies, renamed Shriro Paper (Singapore) and Shriro Paper (Malaysia), will continue to market Wiggins Teape products. These include writing and printing paper and carbonless stationery. All the staff,224 words
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339 1988-07-28 2 DBS BANK will launch its Vita credit card, which comes with Autophone services and an overdraft facility. on Aug 1. The bank'a selling point is its three-in-one card, comprising a credit card, an ATM card and a debit card, said Erie Saw,339 words
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Page 2 Advertisements
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Advertisement199 1988-07-28 2 Sign here fop a t •T( %r «®*a« PWP' 1 ill! i! It if; i sfi issued *■■-> .>:*■ "'•>{.; .7- £v**- x > v < •>*■>•••• -.Is.<. <■■. "A.V-X'' i Ifl £&*£«£s» .^yr^-" *v -•»s w*«- r *JE r *»S? IT. A. v, ■•:>-- V L V j f199 words
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Advertisement83 1988-07-28 2 Japanese Restaurant Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16+ per set, they are easy to83 words
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Page 2 Miscellaneous
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Miscellaneous126 1988-07-28 2 M v// m Singapore v wm ftoport for 24 twam prior to 7.30pm l -T 28/16 Ooor 31/28 Oowdy 23/14 Shown 19/10 Fhw 25/14 Rain 32/17 Omr 13/02 O*or 36/23 Ooor 28/13 Oowdy 11/02 Rno 26/19 Oowdy 30/19 Oowdy 22/19 dowdy 33/20 Smoko 18/10 Ooor 25/11 Ooor 26/11 Ooor 33/25126 words
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HOME NEWS
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515 1988-07-28 3 ANNA TEO - By ANNA TEO TWO OF every three dollars of personal income tax collected by the taxman come from people earning more than $50,000 a year, according to the latest figures from the Inland Revenue Department. Based on returns filed in 1966, the515 words
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Article338 1988-07-28 3 THE NUMBER of companies whose income crossed the mil-lion-dollar mark fell to its lowest in five years in 1986. There were 576 companies with an assessed income of more than $1 million in 1986 far fewer than in any of the previous five years. In338 words
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Article, Illustration266 1988-07-28 3 SINGAPORE PRESS HOLDINGS (SPH) will finance this year's National Reading Month with a $300,000 sponsorship that is expected to help draw people of all age groups. Organised by the National Book Development Council of Singapore (NBDCS) with support from the Ministry of Community Development, the266 words
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Page 3 Advertisements
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Advertisement380 1988-07-28 3 Seminars and Courses CAHNERS EXPOSITION OROUP Tel: *****13 Tlx: RS ***** CEGSP Fax: *****66 A *****93 Management of High Technology Industries Construction Planning and Computers Century Park Sheraton Construction House Aug 10-13 Camini Business Centre Pte ltd *****7' Aug 10 Oct 5 Singapore Contractors Association ltd Training Centre SCAI Training380 words
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ASIA-PACIFIC
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Article, Illustration383 1988-07-28 4 AFP FORMER CAMBODIAN head of state Prince Norodom Sihanouk yesterday offered a proposal for peace in which the four warring factions should share power equally in the government, the army and the administration. Prince Sihanouk told leaders of the factions who met him at theAFP - 383 words
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403 1988-07-28 4 Agencies EXILED former Philippine president Ferdinand Marcos has confirmed that he is negotiating to return home but denied a report in the Los Angeles Times that he is offering to pay US$5 billion to the Philippine government and seeking a governorship for his son.Agencies - 403 words
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Article373 1988-07-28 4 AFP FOUR INDIAN political parties merged on Tuesday in what observers saw as the first opposition move towards a unified challenge to Prime Minister Rajiv Gandhi in a general election due next year. The centrist Janata (People's) Party, the rural-based Lok Dal (Masses Party), the Congress-SAFP - 373 words
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197 1988-07-28 4 UPI REFLECTING brisk domestic demand, Japan's industrial production in June increased tor the first time in three months and sales at department stores and supermarkets gained for the third straight month. The Japanese Ministry of International Trade and IndustryUPI - 197 words
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390 1988-07-28 4 AP THE WHITE HOUSE has refused to pledge to release Iranian assets frozen in the United States in return for Teheran's promise to use its influence to try to free American hostages held in Lebanon. "We have heard this kind of thing before,AP - 390 words
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403 1988-07-28 4 AP CHINA'S foreign trade in the first half of 1968 rose by almost 20 per cent over the same period last year, led by sharp jumps in trade with Hongkong and the United States, the Ministry of Foreign Economic Relations and Trade said yesterday.AP - 403 words
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160 1988-07-28 4 Reuter TAIWAN has moved its most important military facilities underground and is ready to repel any attack from China, according to a top general. General Liu Chih-Chung was quoted in Taipei newspapers yesterday as saying military installations had been moved to the easternReuter - 160 words
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190 1988-07-28 4 AFP THAI army chief General Chaowalit Yongchaiyuth told three student leaders on Tuesday they were wrong to insist that an elected premier head the government, following Sunday's elections. He told them his comments should not be taken as an expression ofAFP - 190 words
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213 1988-07-28 4 AFP THE HONGKONG government will accept proposals on Sep 1 from overseas and local firms for setting up cable television (CTV) in the colony, officials said on Tuesday. But limits have been placed on foreign control of the system. The territory's Executive Council decided onAFP - 213 words
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385 1988-07-28 4 AP. AFP SEIN LWIN. 64, named on Tuesday as Burmese ruling party chairman to replace 77-year-old General Ne Win. is known as a hardliner fiercely loyal to his predecessor. The new chairman of the Burma Socialist Programme Party, the country's sole party,AP.; AFP - 385 words
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Article737 1988-07-28 4 ARRIVALS Operator Sorvic* Local From number time THA TG403 1155 HOC SA SQ191 1155 PEN THA TG407 1205 BKK/HDY GU GA900 1210 PKU MAS MH641 1230 KCH S1A SQ83 1235 MNL S4A SQ1 1250 SFO/HNL/HKG SU SQ203 1300 CGK SU SQ107 1305 KUL SAW IAI1 1335 LHR/AUH737 words
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Page 4 Advertisements
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Advertisement79 1988-07-28 4 The ELITE Executive Suite by MARIANI of ITALY The most extraordinary Executive furniture ever conceived Nothing comes close at any price. See the complete MARIANI Executive Programme which includes Desks, Cabinets, Library, Bar, Conference and seating in Saddle leather with high gloss black lacquered structure At prices which guarantee a79 words
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Advertisement63 1988-07-28 4 fI If |J\ Ifl 1£ The business persor s choice, every I I II 111 1 Tuesday. Thursday, Saturday and I 1 1 II I I f Sunday. Leaving Cnangi Airport at I Vy X Ws-/J. 1 JL 22 05 hours ana arriving at Lester B Pearson International Airport the63 words
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REST OF THE WORLD
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Article, Illustration523 1988-07-28 5 AFP, AP HUNGARIAN PREMIER Karoly Groaz has ruled out any withdrawal of tha 65,000 Soviet troops in his country without corresponding reductions in Nsto forces in Europe but ssid he was continuing talks on a pullback with Soviet leader Mikhail Gorbachev. Speaking to the NationalAFP,; AP - 523 words
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364 1988-07-28 5 Reuter EFFORTS to agree on European Community (EC) spending plans for next year cleared their first hurdle on Tuesday after EC ministers gave unusually quick approval to a draft 1969 budget EC diplomats in Brussels said the draft 1989 budget puts totalReuter - 364 words
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354 1988-07-28 5 NYT THE US EMPLOYMENT cost index, considered the best single barometer of inflationary pressures in the economy, rose 1.2 per cent in the second quarter, considerably higher than the increase of 0.7 per cent in the comparable period of 1987. OverNYT - 354 words
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Article, Illustration465 1988-07-28 5 Reuter US VICE-PRESIDENT George Bush, whose presidential campaign has been at times overshadowed by scandals in the Reagan administration, has promised a "squeaky clean" White House if he is elected. The Republican candidate said on Tuesday that he had always adhered to the highest standardsReuter - 465 words
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415 1988-07-28 5 Reuter PRESIDENT Ronald Reagan, taking a combative campaign stance in the aftermath of the Democratic convention, has lashed out at Michael Dukakis's party and said his own Republicans deserve to keep the White House. "The opposition talks about growth. We've delivered. TheyReuter - 415 words
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251 1988-07-28 5 Reuter A US CONGRESSIONAL drought relief bill now nearing completion contains provisions that go beyond compensating farmers for crops withered by the drought. Both the House and Senate bills have provisions to also aid livestock producers or businesses forced to pay higher pricesReuter - 251 words
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249 1988-07-28 5 AFP THE Confederation of British Industry (CBI), Britain's employers' association, has published an optimistic report on the economy despite some worries on the deterioration of external accounts. Growth in industrial orders and output has somewhat slowed down over the past four months butAFP - 249 words
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98 1988-07-28 5 Reuter THE ROLE of the arts in Britain's economy has expanded to the extent that they now generate an annual turnover of £10 billion (about US$l7 billion), a report said yesterday. The paper by the Policy Studies Institute. Britain's biggest independent research organisation,Reuter - 98 words
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Article178 1988-07-28 5 Reuter MEDIA MAGNATE Rupert Murdoch, who aims to launch four new satellite television channels in Britain, on Tuesday accused the British Broadcasting Corp and other broadcasting firms of elitism and said viewers wanted more choice. His comments at a broadcasting forum followed a government announcementReuter - 178 words
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358 1988-07-28 5 AP A SHOUTING match over how to achieve Middle East peace erupted on Tuesday in Parliament between Foreign Minister Shimon Peres and his right-wing adversaries, signalling the start ot Israel's national election campaign. In the closed-door meeting of the Defence and Foreign Affairs Committee,AP - 358 words
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Page 5 Advertisements
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Advertisement175 1988-07-28 5 When you've chosen the best location and floor plan for your home where will you be? Astrid Meadows It is located in Singapore's choicest residential district where the approved density of 145 persons to a hectare (less than 60 to an acre) is the lowest on record for condominiums in175 words
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Advertisement10 1988-07-28 5 IF YOU LOVE DANCING TO THE OLD TUNES... i ft10 words
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Page 5 Miscellaneous
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Miscellaneous64 1988-07-28 5 Doonesbury ®FF ATLANTIC. CITY, ABOARD I I ...PONALP TRUMPS NEW *37 THE TRUMPPRJNCESS'.. I 11 MJLUON FLOATING PLAYPEN... m mims- <m £TTTTT •••Ml 1 s BY GARRY TRUDEAU IAHBRB THE BATHROOM FIXTURES ARB GOLP, ANP EACH OF THEJI SUITES HAS CHAMOIS >•- X OWI ff «Mo^| M ANEW CAPTAIN IS64 words
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MONEY AND EXCHANGES
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Article1565 1988-07-28 6 CURRENCY FUTURES OPTIONS Wednesday, July 27, 1988 DE UTSCHEMARK (SIMEX) Aug 88 can* High Low See Aug High 88 pete Lew Sae 53 54 55 56 57 58 59 15 15 6A 15 4 2 CA8 CA» 108 418 1068 1988 2988 13 45 110 203 303 Sap 881,565 words
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Article349 1988-07-28 6 Asian market ASIAN DOLLAR deposit rates closed steady yesterday at opening levels after a quiet day's trading. Dealers said most operators refrained from taking new positions ahead of yesterday's US preliminary second quarter GNP data due at 1230 GMT. The data were expected to show strong 3 to 4 per349 words
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Article156 1988-07-28 6 IMM currency futures ended a relatively quiet session mixed on Tuesday, with European contracts closing lower on the day. Anticipation of strong US secondquarter GNP data due yesterday weighed on currency values, as did the the Federal Reserve sales of dollars for marks. r Trodtn IMM g on July156 words
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Article407 1988-07-28 6 SEPTEMBER Eurodollar futures opened slightly lower on Simex yesterday. Speculation that the US second quarter GNP to be released later yesterday would be strong led prices to drift lower from the opening high of 91.56 to the low of 91.56 in the September contract. September Eurodollar managed to settle407 words
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Article189 1988-07-28 6 M Qold futurM on July 2t 100 My ounc*c USS p* My ounc* Opm M* imm tm 430.00 43X20 ***** 431.10 5J8' 42*00 434.30 42X70 431 TO +XI0. 435.J0 435JO ***** 434.40 5J0-,. Oe> 414.00 440.00 434.00 437.40 4UI OK 440.00 445J0 43V _50 ***** M» 445.40189 words
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Article62 1988-07-28 6 THE OVERNIGHT rate on the Singapore money market rose 3/4 points to close at 4-1/4 per cent yesterday. One month was unchanged while two and three months each rose 1/8 point. S$ Interbonk rates at the dose yester day: om mo Ownighf 4 1/4 1/« 1-mrtti 4 9/1462 words
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Article, Illustration165 1988-07-28 6 maicaisi inf avtr&Qe Of wit pftinf lenaing rsitt Of 12 major banks in S'pora r Interbank market rataa (offer/bid) on July 27 us$ DM SWFC Y«r 7 dor* 10 7/» 4 3/4 S/« 3 Sf 3/« S-47/i 1 m$h 3/14 I/I* 10 7/1* S/l* 4 7/« 3/4165 words
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Page 6 Advertisements
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Advertisement572 1988-07-28 6 THE BANK OF EAST ASIA LIMITED 10, DES VOEUX ROAD, CENTRAL, HONG KONG CONSOLIDATED BALANCE SHEET AT 31ST DECEMBER 1987 1987 1906 HKI'OOO HKf'ooo CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 1967 SHARE CAPITAL Authorised 200.000.000 Shares of HKS2.SO each Issued and fully paid: At Ist572 words
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Advertisement95 1988-07-28 6 lis networking alwaysexpensive? Try NOVELL ELS Netwaia at $134SJ»* Workstation I Workstation I Workstation PLUS, NEC-NOVELL JULY/AUG JOINT PROMOTION A BONUS 15% Dwcount on all Novell NEC hordwsn. J Now the advantages of file-sharing, resource sharing ft workgroup communications through linking of PCs is no longer unattainable. Even for small95 words
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BANKING AND FINANCE
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189 1988-07-28 7 FT THE SOVIET UNION on Tuesday made its long-awaited return to the international public capital markets with a 500 million Deutschemark (about US$275 million) bond led by West Germany's Oresdner Bank at an interest rate cheaper than equivalent domestic borrowings by theFT - 189 words
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Article767 1988-07-28 7 SINGAPORE: Against the Singapore dollar, the US dollar closed a little easier yesterday at 2.0380/90 in torpid trading. It traded within a range of 2.0385 and 2.0400. It opened initially at 2.0385/95. The dollar ended at 132.40/50 yen against New York's 132.45/50 close, at 1.8555/85 marks against 1.8575/80,767 words
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Article118 1988-07-28 7 Treasury bills Period Issue Yesterday's dosing Day's cod* Maturity WD OFFER HIGH LOW 3 months BQ*****V 27.10.88 3.95 3.90 3.95 3.85 6 months BY*****T 24.11.88 3.98 3.93 1 yeor BY*****S 20.07.89 4.28 4.23 4.26 4.21 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Doy's cod*118 words
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379 1988-07-28 7 Reuter US FEDERAL bank regulators and several leading banking industry trade groups expressed strong opposition to draft legislation on the expansion of banking services now before the House of Representatives. "The fundamental approach and many of the provisions signal a direction for banking legislationReuter - 379 words
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180 1988-07-28 7 AFP CHINESE ECONOMISTS have urged the government to split the functions of the country's central bank and Finance Ministry to help combat soaring inflation. On Tuesday, the official China Daily newspaper quoted the economists as saying that the People's Bank of China mustAFP - 180 words
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182 1988-07-28 7 FT NATIONAL Westminster, the largest British clearing bank, on Tuesday opened the interim round of banking results with a clear signal that it had put behind it the problems of Third World debt which hit all the banks last year. The other three big clearers,FT - 182 words
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311 1988-07-28 7 DEXTER LEE - By DEXTER LEE PROBO Pacific Pte Ltd has become the first Swedish company in Singapore to enter the capital market through an $88 million dual currency note issuance facility (NIF). The three-year NIF is the first to be jointly arranged by Singapore International Merchant311 words
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149 1988-07-28 7 NIKKO MERCHANT Bank (S) Ltd has been mandated by China International Trust and Investment Corporation (Citic) to lead manage an Asian-yen straight bond issue. A statement from Nikko yesterday said the 15 billion-yen issue will be launched shortly. The bonds are expected to149 words
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Page 7 Advertisements
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Advertisement296 1988-07-28 7 Corporate Electronic Banking. Hexagon Worldwide, 24-hour financial control. -H Ml ill > <L. 50 WelcomQ to :•:•->• .v. w vmm wmfr >? A Hexagon 11® Corporate Electronic Eank y v mq J-' Hexagon Puts the power of the bank in your hands. Hongkongßank The Hongkong and Shanghai Banking Corporation Marine296 words
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COMMODITIES
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Article275 1988-07-28 8 HONGKONG: Gold bullion ended at US$432 00/50 an ounce yesterday againat an initial U*****.80/432.30 and compared with New York'a cloee of U*****.50/432.00. On the local market, gold roee to cloee at HK54,034 a tael. Coins were generally higher with the Krugerrand rlaing to HK53.370. The Maple Leaf and275 words
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Article118 1988-07-28 8 THE Kuala Lumpur Tin Market price waa down two cente to MslB.Bl a kg at the cloee alter another brief trading seeaion. European and local buyere appeared to be bidding at lower levele Afkjl M ■no iKHta me ■oseoce of Japanaee buyera. A steadier trend on the European118 words
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Article234 1988-07-28 8 SINGAPORE Rubber pricee cloaed easier yesterday with Auguet RSS 1 buyers price quoted at 267.00 centa/kg, down 3.50 cents from Tuesday's cloee. No Inro activity was reported in the local market. On the TSR-20 market pricee continued to drift in the afternoon due to lack of intereet and in234 words
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Article79 1988-07-28 8 (cann/kg) AUGUST 1988 SEPTEMBER 1988 (currant month) (forward month) RAS NOON NOON ky*n S«H*rt tuyri «j, n>n SSC 30 233.00 235.00N 233.00 235.00N SSt 90 232.00 234.00N 232.00 234.00N MRELB tuyari ivytn n SMt CV 485.00 487.00N 487.00 489.00N SMR L 485.00 487.00N 487.00 489.00N SMt 579 words
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Article297 1988-07-28 8 RAS prices In S c*nts/kg, FOB tn bat* NOON CLOSE Buyort Sollon 8oyors Sollon Int 1 RSS Prompt 270.50 272.50N 267.50 269JON Int 1 RSS Aug 88 271.00 272.00N 267.00 268.00N tnt 1 RSS Sop 272.00 273.00N 268.00 269.00N Int 2 RSS OP 268.00 270.00N 266.00 268.00N297 words
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Article488 1988-07-28 8 Total o/p as at 1 lOOhm 3647 tuwtiacH. Tumavori 1054 lots. Markvt totiot Fiwlsi MALAYSIAN CRUOE PALM OIL FUTURES market yesterday saw wide fluctuations as prices recovered to close off the day's lows on short covering. Values initially extended Tueeday's fall in sympathy with continued limit losses in488 words
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Article67 1988-07-28 8 SOYBEAN futures closed down the 45 cent per bushel limit, on prospects of improving crop conditions and a dearth of buyers on the Chicago Board of Trade on Tuesday. Soybeans were down the limit in all but distant August September and November, which were sharply lower. Spot August closed67 words
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Article49 1988-07-28 8 SOFT red winter (SRW) wheat futures closed sharply lower on the Chicago Board of Trade on Tuesday to down the 20-cent-per-bushel limit pressured by selling in sympathy with limit-down CBT corn and soybeans. Wheat closed down 19-1/4 to 20 cents. Spot September was down 19-3/4 cents at US$3.5l-3/4.49 words
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Article290 1988-07-28 8 London Commodity Exchange Svytf/StHtf dot Ing pricot on July 26 (£/tome unlets specified). Previous dosInQ prices In Dor#nfh#sl&. Con— Both fat-Moro London, i#*wi option OF London Jul 1065/1068 (1060/1063) high/Low 1065/1070 Sop 1082/1063 (1082/1084) Ugh/Low 1113/1084 Soles (4154) Jul 902/910 (920/925) H^h/Low 941/910 s*p 926/927 (952/953) Klgh/Low 961/918290 words
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Article240 1988-07-28 8 Chines* Product Exchang* S*W*n noon chNing pno n an My 27 (SI/100 kg) Coconut oil M FOt 125.00 OW dnn FO« 135.00 Ni» drvm FOt 139.00 Copra Miiod (loow) 71 P«pp«r Muntok «+wt» FOt NtW 902.50 Sarawak wMt* FOt foq NIW 887.50 Sarawak lpadol black FOt NIW 540.00240 words
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Page 8 Advertisements
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Advertisement203 1988-07-28 8 We're Here To Invest Prudential Asia July 28,1988 Singapore Hong Kong Office 32nd Floor, Alexandra House 18 Chater Road Central Hong Kong Tel 5-*****00 Tlx: ***** Fax: 5-*****95 Prudential Asia Ciiik to Prudential Asia Investors in Asia Today Prudential Asia offers an added dimension in financial services in Asia with203 words
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FOCUS
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Article, Illustration984 1988-07-28 9 AL LABITA Jr - AL LABITA Jr, reporting for BT from Manila, gives the highlights of an international conference on finance that will be held in Manila in October. In the other two articles, he reports on new investigations into giant beer company San Miguel and the biggest984 words
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Article, Illustration1059 1988-07-28 9 THE AQUINO government has sttojnbled on what corporate analysts describe as a "potentially bombshell against -♦he management of the San Mig- uel Corp (SMC), the largest food and beverage giant in the Philfppines. -Being looked into by the Commission on Good Government (PCGG)1,059 words
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597 1988-07-28 9 FILIPINO-CHINESE billionaire Lucio Tan has just acquired lock, stock and barrel a flagship company and two subsidiaries in what is billed as the biggest corporate "coup" in Philippine business in recent years. The acquisition cost a whopping US$5O million for Mr Tan, president of the597 words
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Page 9 Advertisements
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Advertisement0 1988-07-28 9 ^%;=~**\/]<.}:",@_)[^}?~(+`--^*0 words
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Advertisement143 1988-07-28 9 "The Carlton Hotel." "Singapore?" "Yes. Superior, first class. Very friendly service." "They're all the same." "That's what I thought. But the Carlton's different. It's got atmosphere." "What's so special?" "Well, take the atrium. It's spacious. But not cold, or imposing. Very elegant in fact. Marble and light oak, with a143 words
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PERSPECTIVE
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Article538 1988-07-28 10 CHANGE is not a characteristic of Burma. Twenty six years of unchange has made the country both quaint and fascinating to travellers. It also turned it from being one of the richest in South-east Asia to one of the poorest in the world. For a while,538 words
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Article, Illustration1405 1988-07-28 10 SEAH CHIANG NEE - 9GBIMpf By SEAH CHIANG NEE MALAYSIAN Prime Minister Or Mahathir Mohamad was said to have asked for and shown a film recently about how a major American fast-food company trained its staff to provide efficient, courteous service to its customers. He was impressed1,405 words
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Article, Illustration825 1988-07-28 11 PETER CONRADI - By PETER CONRADI Reuter "LOOK at the holes in this Emmental." says Heinz Sollberger, holding an X-ray of a lump of cheese up to the light. "They are far too big, and the edges are too ragged. They should be rounderReuter - 825 words
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Article685 1988-07-28 11 GAIL FITZER - SOVIETS' STAND ON RESUMPTION OF DIPLOMATIC TIES WITH ISRAEL By GAIL FITZER Reuter THE ARRIVAL this week in the Soviet Union of the first official Israeli mission in 21 years signals that Moscow is likely to restore full diplomatic ties but will stall asReuter - 685 words
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Page 10 Advertisements
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Advertisement377 1988-07-28 10 Time is money. Speed is of the essence, The only 800* cps printer with 18 pins in a single head. Clinching business deals depends on how fast you respond to your customers' needs. That's why you need SBP-10AI. It makes every second counts. And speed is not all. There are377 words
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Page 10 Miscellaneous
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Miscellaneous679 1988-07-28 10 CRYPTIC PUZZLE ACROSS 1 It's no greyhound, pet (6) 7 Was this artist a country surveyor? (8) 8 You could sit on it if not quite so fat (4) 10 Hurt father and Enid, possibly (6) 11 Mob in real disorder, outwardly (6) 14 It settles in a sideways direction679 words
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Page 11 Advertisements
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Advertisement1307 1988-07-28 11 GENERALE BANK Head Office: Montagne du Pare 3, 1000 Brussels, BELGIUM Singapore Office: 105 Cecil Street #11-01/04, The Octagon, Singapore 0106. Telex: RS ***** RS >6864 Tel: *****55 \ll hgmc-s quotcil in millHin\ ot Belgian frMK\ Consolidated Balance Sheet At 31 December 1987 ASSETS Cash, Central Bank, P«»st Giro Mone>1,307 words
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Page 11 Miscellaneous
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Miscellaneous1233 1988-07-28 11 no acE) aaooa 12 7.30 PM Opening and Programme Highlights followed by Lingo. 7.55 Coming Attractions. 8.00 Inter-School Debates 1988 (C, Pre-U Level, Final). 9.05 Singles Money, Money, Money. Pamela's divorce leaves her with her ex-husband's unsettled financial debts. Clive and Malcolm offer to help, but have second thoughts when1,233 words
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SPORTS & LEISURE
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Article, Illustration721 1988-07-28 12 NYT BEN JOHNSON'S new book, due out soon, is called, Ben Johnson: The Fastest Man On Earth. By at least one measure, the title is unassailable. At the world track and field championships last summer in Rome, he lowered the tOOm world record to 9.83NYT - 721 words
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Article35 1988-07-28 12 AFP PATRIK SJOBERG, Sweden's world high jump champion and record holder, has dropped out of the International Amateur Athletic Federation Grand Prix meeting in Edinburgh tomorrow because of injury. AFPAFP - 35 words
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Article, Illustration763 1988-07-28 13 UPI MIKE TYSON will keep a greater piece of his purses and have final say about who and when he fights under terms of a settlement announced on Tuesday between the world heavyweight champion and manager Bill Cayton. The settlement was reached on Monday nightUPI - 763 words
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495 1988-07-28 13 CHARLES SAVAGE - By CHARLES SAVAGE FIGHT PROMOTERS yesterday confirmed that the World Boxing Council (WBC) flyweight title fight scheduled to be held at Kallang is still on. But instead of Thai Sot Chitalada, Ghanaian challenger Nana Yaw Konadu will face the new champion,495 words
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Article, Illustration210 1988-07-28 13 AP TOP-SEEDED Ivan Lendl and No. 2 seed Andre Agassi both advanced on Tuesday to the second round of the Volvo international tennis tournament in Vermont. Lendl defeated Christian Saceanu 6-4, 6-4, while Agassi, the top-ranked American men's player, struggled past Paul Wekesa ofAP - 210 words
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Article626 1988-07-28 13 WALTON MORAIS - Iranklif, speakinq... by WALTON MORAIS THE CONTROVERSY surrounding Johor soccer striker Do 11 ah Sal I eh mirrors a disturbing trend in local soccer on the eve of the Malaysia Cup turning semi-professional. Dollah has just been banned for three years by his state football626 words
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106 1988-07-28 13 AFP FLAMBOYANT British businessman Peter de Savary is to defy a New York judge's decision to ban his £10 million challenge for the America's Cup. He is to pit Blue Arrow for the Royal Burnham Yacht Club against the New Zealand multi-hull forAFP - 106 words
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Page 12 Advertisements
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Advertisement590 1988-07-28 12 COURVOISIERXO WHERE TD l Al.lilM 6-3 V >: m Lunch and dinner. Adults: $13.50-1- Child (under 12) $9+ Cafe Plaza Plaza Hotel tVarh Road. Singapore 0719 Trl *****11 Every second's on-the-house! The Fountain Lounge is flowing with the good times Between 5 and 8 pm daily, for every drink you590 words
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Advertisement146 1988-07-28 12 July 4th, emyday The Belvedere's American buffo lunch is a month long celebration of July 4th stretching from July I—3l With Prawns on i<e. Smoked turkey breasts. Oyster Rockefeller. Roast I'S prune rib. Apple pie. California snowball and much, much more 1 Celebrate July 4th everyday for just $31 for146 words
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Page 13 Advertisements
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Advertisement599 1988-07-28 13 r ENTERTAIN 53 -'L£ Catch of the Month, Fresh Salmon. July 1 to 31 The health conscious will appreciate the Hutoertus Grill's Salmon Promotion. Each portion of pink Salmon is low in calories, low in cholesterol and rich in Vitamins A and D. Enjoy Salmon poached, panfried, grilled, smoked or599 words
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Advertisement23 1988-07-28 13 Congratulations On The Official Opening Of Saaagzkaa Markattai Rasaarch CMpaiy The First Professional Marketing Research Company In China From Woh Mow Pte Ltd23 words
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STOCK EXCHANGE OF SINGAPORE
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Article62 1988-07-28 14 Company RIGHTS ISSUE C K Tong Oiw-for-two Q $2.25 p*r short Each right* coflMt with two dctochobt* TSfc Th* wrw pric* for th* TSh. expiring on May 31. 1990. it $2.25 Ex-dot*; Aug 3 Boots dot* Aug 16 Company BONUS ISSUE s r t On*-for-two Ex-dot*: NYA Boob62 words
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Article250 1988-07-28 14 Company RIGHTS ISSUE AMD! Ono-for-four Q $0.50 par shora C 1 Holdings 27 Million loan stocks in tha ratio of )3 loan stock for ovary fivo ordinary L-1J Duta Com stores Upd. Ono-for-ono $1.10 par short F I N Two-for-ftva $3.00 par shoro FACI Ono-for-ono $060 par shoro250 words
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Article214 1988-07-28 14 MOUNT PLEASURE HOLDBIGS Berhad: 27th AGM at Banquet Hall. Ferringhi Beach Hotel, 12.5km Batu Ferringhi Road. ***** Batu Ferringhi, Penang, today, July 28. at 11am. BUKIT Sembawang Estates Limited: 22nd AGM at 19th Floor, OCBC Centre, Chulia Street, Singapore 0104, tomorrow, July 29, at noon. GENERAL CORPORATION Berhad:214 words
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Article281 1988-07-28 14 Manogers' prices Jopon Gr Fund 1 49 1 34 for July 28 SKenton Thrill Fund 0865 0865 Singapore Unit Trust UOB Management The Commerce Un.tund 0« 096 102 109 Unibood 101 1 035 T he Savings fund 090 096 S'pore Frog fund S'pore Sec Fund 043 0.71 047281 words
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Article, Illustration727 1988-07-28 14 LONG SHIH ROME - By LONG SHIH ROME STOCK PRICES on ths Singapore market roae across the board yeeterday on the back of renewed interest in retail and marine stocks. But early gains were subject to sporadic profit-taking in a day of moderate trading. Market sentiment was727 words
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Article5304 1988-07-28 14 19M Tal Laet ore Dtv DIv Qr's rw Nat Vol Day High L Laet On tola High Low Cod* Company Sale +or» CTw MK coo©) Mm 1 kiyer S< »Mor SECTION ONE MDUSTftlAL ft COMMERCIAL m ADEF A 1006 1005 ADEF B 1006 m 130 95 t5,304 words
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COMPANY NEWS
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410 1988-07-28 15 CORRINA LIM - By CORRINA LIM LUM CHANG HOLDINGS, which received approval in April for its entry into the lucrative stockbroking business, is gearing up to start operations around early October. Sources said yesterday that Lum Chang Securities Pte Ltd the new subsidiary plans to410 words
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Article, Illustration597 1988-07-28 15 KEVIN GWEE - Work starts on marina and hotel complex in Hongkong's Gold Coast By KEVIN GWEE THE NG TENG FONG family, which controls Sino Realty and Sino Land in Hongkong, is pressing ahead with its massive HK$3 billion marina and hotel complex in Hongkong's Gold597 words
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489 1988-07-28 15 LISA LEE - By LISA LEE KENTUCKY Fried Chicken (S) Ltd (KFC) is investing some $4.2 million to beef up its trading activities by acquiring a Singapore trading company and forming a joint-venture trading concern in China. The fast-food group's whol-ly-owned subsidiary. Poon Guan Re489 words
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251 1988-07-28 15 Bernama SATERAS RESOURCES (M) Bhd (SRM) is planning to diversify into three new areas petrochemicals, plantations and property development to improve its profitability. Managing director Mohamed Kamal Hussain said Sateras Resources is negotiating and finalising certain deals. Me emphasised, however, that the companyBernama - 251 words
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Article50 1988-07-28 15 HOTEL NEGARA Ltd: j Profit after tax of $20,748 (loss of $389,132) for the six months ended June 30, 1988. Earnings per share of 0.3 cents (loss per share of 5.2 cents). No interim dividend was announced. Directors say they do not expect any major improvement in second-half performance.50 words
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110 1988-07-28 15 ASIATIC DEVELOPMENT Bhd, the plantation arm of Genting Bhd, is moving into downstream processing of rubber and palm oil. It also plans to acquire more plantation land, especially those with areas of 4,000 ha and above. The company is negotiating with a European manufacturer and distributor110 words
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Page 15 Advertisements
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Advertisement245 1988-07-28 15 This announcement appears as a matter of record only O SINGAPORE LAND LIMITED *****,000,000 Guaranteed Revolving Underwriting Facility Arranged by Chase Investment Bank Limited Guarantors Lead-Managers The Chase Manhattan Bank, N.A. Standard Chartered Bank Managers The Mitsui Trust Banking Co., Ltd. Singapore Branch Co-Managers Bangkok Bank Limited Istituto Bancario San245 words
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REGIONAL MARKETS
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Article3286 1988-07-28 16 SINGAPORE STOCKS liated on the Kuala Lumpur stock market rebounded to close firm yesterday in active trading. Advances, however, were mostly marginal. Thanks to a better Tokyo market, buying support returned right from the opening bell to take share prices higher in morning session. About eight3,286 words
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Article84 1988-07-28 16 Reuter SAN MIGUEL Corp. a Philippine food and beverage conglomerate, is borrowing about one billion pesos from five government financial institutions to support a 6.2 billion peeo expansion. Executive vice-president Ramon Del ,Roeario said the firm waa negotiating with the Development Bank of the Philippine#, Philippin*Reuter - 84 words
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Article1394 1988-07-28 16 Hongkong HONGKONG SHARE price* strengthened in the afternoon session yesterday after a strong surge in Tokyo, but volume remained very thin, brokers said. The Hang Seng Index rose 9.61 to 2,665.23 and the Hong Kong Index gained 7.06 to 1.763.07. Turnover was HK5567.54 million compared to Tuesday's1,394 words
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Article514 1988-07-28 16 Reuter TOKYO SHARE prices closed higher yesterday as a rush of fresh cash from investment funds went after a variety of stocks on the first day of trade for August settlement, but investors remained somewhat cautious, brokers said. "People are worried about interest and exchange rates. They're looking atReuter - 514 words
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Article409 1988-07-28 16 Reuter CONTINUING WEAKNESS in the resource sector saw the Austrslisn share market yesterday close essier sgsin, but off its lows. Brokers commented thst declining precious metsl prices in international markets were largely to blame. "Trade was very subdued but the market is showing some resilience, particularly with the volatilityReuter - 409 words
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Article161 1988-07-28 16 Reuter THE SECURITIES Exchange of Thailand Index rose 1.96 points to 460.03 yesterday on s turnover of 3,735.232 shsres worth 432.66 million baht. JULY *7 1 IAMT Ao Khun Thai 466 -2 Ayudhya liuaamum 456 -2 Bangkok Agro-ind 129 unch Bangkok Bank Bank 0* Ayudhya. 323 300 -2 3Reuter - 161 words
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Article288 1988-07-28 16 JULY 17 NT All Slncara Indus 5 90 0.1 Aaia Camant 84 50 1.5 Cathay Cona 101 50 2.5 Chang Hwa Bank 644 oo 18 07 Chia Main Camant 68 50 1.5 Chin Main FkHJf 26 00 0.2 China Cham 53 00 1 China Oav 229 ro 3 China288 words
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Article67 1988-07-28 16 JULY 17 pesos Aco|« Mining Anglo Phil Ap«x Mining B 0 04 -0 001 Afl« Con B 23.75 -0 75 Baguio QoM BmIc P*trol«um Bonguot Con. 8 First PNI Hktgs Ltptnto B. Marcoppar Marataal Oriantal B. Phil Owmw Phile* B Ptcop B PLOT San Migual 8 038 231 22567 words
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Page 16 Advertisements
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Advertisement841 1988-07-28 16 NOTICE NOTICE IS HEREBY GIVEN that. I Tham Mok Yin of No 233-A New Bridge Rd Singapore (0105), has applied for a (2BH) 2nd Class Beer House licence in respect of premises at M/s Huan Ya Eating House at 526 Macpherson Rd Singapore (1336), and that this application will be841 words
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Advertisement160 1988-07-28 16 and th» partfeulm of ttmk dstots or dsfens and the namaa ant mtdnmm of tfMir sotdiott (V any) to CORRIGENDUM Ravlndran Govlndan of No 20, Begonia Terrace, Singapore 2880, applied for Beer House, 2nd Class Liquor Licence and not as published. NOTICE NOTICE IS HEREBY GIVEN THAT, I TAN HOCK160 words
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WORLD MARKETS
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Article999 1988-07-28 17 New York Reuter A MILD blue chip advance shrank in late trading on Tuesday as the market closed barely higher in one of the slowest sessions in weeks. Traders said a collapse in commodity futures prices and a steady dollar failed to rouse the interest ofReuter - 999 words
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Article999 1988-07-28 17 London Reuter THE LONDON equity market was at a virtual standstill yesterday ahead of the 1030 GMT release of the UK balance of payments figures for June, with over half the top 100 shares unchanged from Tuesday's close. Economists' forecasts for the trade deficit stand atReuter - 999 words
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Article1189 1988-07-28 17 Selected indices HONGKONG Hongkong Index Wednesday t .***** Tuesday 1.***** Week ogo 1.783 66 Hang Seng Index Wednesday 2.***** Tuesday 2.***** Week ogo 2.697 54 All Industrials Wednesday Z566.5 Tuesday Week ogo 2.576J NEW YORK Dow Jones Tuesday 2.***** Monday 2X171.83 Week ago 2.***** TOKYO Nikkei Average Wednesday 27.***** Tuesday1,189 words
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416 1988-07-28 17 FT THE SECURITIES and Investments Board, chief regulator of the City of London, has published details of Britain's first comprehensive investor compensation scheme and immediately provoked a hostile response from the banks and large securities firms. The scheme will cost all investmentFT - 416 words
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285 1988-07-28 17 AP THE SECURITIES and Exchange Commission has charged a former official of a British investment firm and former official of a Los Angeles brokerage house with engaging in an insider trading scheme. The SEC filed a civil complaint in a federal district courtAP - 285 words
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Page 17 Advertisements
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Advertisement838 1988-07-28 17 m Deutsche Bank (Asia) Aktiengesellschaft BALANCE SHEET as at December 31,1987 ASSETS Cash in Hand Balances with the Deutsche Bundesbank Balances with foreign Central Banks Balances on postal giro accounts Cheques on other banks, matured bonds, interest and dividend coupons, and items received for collection Bills discounted Claims on credit838 words
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428 1988-07-28 18 Agencies SEIN LWIN, the tough new leader of Burma's Socialist Party, consolidated his power yesterday with his election as president of Burma by the People's Assembly. An official statement from Rangoon said the election gave Sein Lwin, who was named chairman of theAgencies - 428 words
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Article, Illustration398 1988-07-28 18 LOH HUI YIN - Cementing Singapore-Malaysia friendship By LOH HUI YIN THE YANG di-Pertuan Agong of Malaysia laat night bestowed one of Johor state's highest honours on the First Deputy Prime Minister, Mr Goh Chok Tong. In conferring the Dato' Paduka Mahkota Johor (Kehormat) which carriesPhotos by Yap Yew Plang - 398 words
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117 1988-07-28 18 NST THE HIGH COURT in Kuala Lumpur yesterday admitted Queen s Counsel Donald Martin Thomas as leading counsel for former Bank Bumiputra Malaysia Finance (BMF) chairman Lorrain Esme Osman, who faces criminal proceedings relating to the BMF-Carrian loans scandal. Mr Justice AjaibNST - 117 words
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134 1988-07-28 18 Reuter A MALAYSIAN High Court yesterday rejected an appeal by leading opposition politician Karpal Singh, who is challenging a twoyear detention order. Opposition party officials said that the Ipoh High Court rejected Mr Singh's application on the ground that he could not challenge his detentionReuter - 134 words
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157 1988-07-28 18 AFP PRIME MINISTER Bob Hawke yesterday confirmed Australia's worst kept secret that he had offered Foreign Minister Bill Hayden the job of GovernorGeneral. And Mr Hawke made it clear that he expected Mr Hayden to accept the poaition as head of stateAFP - 157 words
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92 1988-07-28 18 Reuter INDIVIDUAL HUNGARIANS will be allowed to play in the Budapest Stock Exchange when it opens on January 1 next year, and foreign investors are likely to join them. The official MTI news agency said yesterday 26 banks and financial institutions involved in anReuter - 92 words
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148 1988-07-28 18 AP SOUTH KOREA will accept a North Korean plan for talks on a non-aggression pact and clearing the way for the North to take part in the Olympic Games, officials in Seoul said yesterday. National Assembly officiate in Seoul aaid officials of theAP - 148 words
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190 1988-07-28 18 Reuter A GROUP of major Japanese firms will form a partnership to invest in medium-sized companies in Asean countries. An official of the Japan Asean Investment Co (JAIC) in Tokyo said yesterday that it will set up and manage the partnership, to be called JAIC-2Reuter - 190 words
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293 1988-07-28 18 AP, UPI PRESIDENT Corazon Aquino said in Manila yeaterday aha hoped talks on US military baaes could be resumed soon, but her chief negotiator aaid Washington must first show flexibility over how much it was willing to pay. On Tuesday, PhilippineAP,; UPI - 293 words
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Article155 1988-07-28 18 AFP A RIGHT-WING opposition group yesterday sought to impeach President Corazon Aquino of the Philippines on chargee of violating the constitution, graft and corruption. There was no immediate reaction from Mrs Aquino. Politicians said the move had little chance of succeeding aa staunch Aquino ailiae o»srw»a«minglyAFP - 155 words
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Article86 1988-07-28 18 Reuter COMEX GOLO FUTURES drifted slightly higher early yesterday in an unusually subdued response to the dollar's fast-paced retreat on news of a smaller-than-ex-pected rise of 3.1 per cent in the US second quarter gross national product. In the first half hour, August gold gained US$l.OOReuter - 86 words
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LATE FILE
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Article37 1988-07-28 18 AFP JAPAN'S long-term credit banks, trust banks and life insurance firms ssid yesterday they would raise their prime lending rate by 0.2 percentage point to 5.7 per cent from Aug 1. AFPAFP - 37 words
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Article58 1988-07-28 18 AFP JAPAN'S premier could not be reached for hours during a crisis involving the collision of a boat and a submarine which left 30 dead in the Bay of Tokyo on Saturday. The Asahi Shim bun said yesterday that an hour-and-a-half passed before Prime Minister and Armed ForcesAFP - 58 words
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Article43 1988-07-28 18 Reuter AIR India incurred a provisional loss of 434 million rupees in 1987/88 after profit of 300 million in 1986/87 and the government is considering privatising the airline, Aviation Minister Shivraj Patel told Parliament in New Delhi yesterday. ReuterReuter - 43 words
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Article48 1988-07-28 18 AP INDONESIA will begin importing sugar next year after four years of self-eufficiency because of expected falls in production levels. The agriculture ministry said yesterday that output is projected at 2.1 million tonnes this year, short of the 2.5 million tonne target. APAP - 48 words
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Article45 1988-07-28 18 Reuter ABOUT 180 people in Beijing are drawing unemployment pay, the first workers to be sacked in the Chinese capital under plans to dismantle the country's system of guaranteed jobs for life, the New China News Agency said yesterday. ReuterReuter - 45 words
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Article63 1988-07-28 18 AFP THERE is no question of Indian troops withdrawing from Sri Lanka until their peacekeeping mission is completed, said Indian Prime Minister Rajiv Gandhi yesterday. He was speaking two days before the anniversary of the signing of the Indo-Sri Lankan peace pact under whichAFP - 63 words
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Article52 1988-07-28 18 AP SOVIETS can donate money to a special bank account to build a memorial to the victims of late dictator Josef Stalin. Tass news agency said yesterday that account number *****4 was opened at the USSR Social Bank at the request of the Literary GazetteAP - 52 words
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Page 18 Advertisements
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Advertisement150 1988-07-28 18 Laador, PAGE 10 N«w lMd«r a hardliner, loyal to No Win, PAGE 4 The art of fine living. Beautifully furnished dining rooms, separate fully equipped kitchens, elegant one or two bedroom suites right in the heart of Orchard Road. At The Ascott, we take pride in giving our clients their150 words
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Advertisement360 1988-07-28 18 For those who want to play their best... and look their best. PING Karsten revolutionized golf club manufacturing when he developed the heel-toe balance principle. Today, Karsten works with a staff of engineers and skilled craftsmen using the latest computer technology for analysing performance results and numerically controlled automatic machinery360 words
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SHIPPING TIMES
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475 1988-07-28 19 LINDA CHEE - By LINDA CHEE SHORT-TERM leasing rates for 20-ft containers per day have hit US$2.5O in recent weeks, after breaking through the US$2 mark in April. The acute shortage of TEUs intra-region as well as the Far East has led to some lessors475 words
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319 1988-07-28 19 AFP TAIWAN has allowed ships flying the country's flag to sail directly from the island to Vietnam after a 13 year-ban, a Communications Ministry official said. Pan Kuang-Yu, director of the ministry's Navigation and Aviation Department, said that restrictions in force sinceAFP - 319 words
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244 1988-07-28 19 AP THE Singa Sailor is in its fourth week at dockside in Canada as Coast Guard inspectors decide whether the freighter is seaworthy, sanitary and fit to return to Singapore. Negotiations between the International Transport Workers Federation, representing 16 crew members, andAP - 244 words
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PORTSIDES
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Article107 1988-07-28 19 Reuter A 48-HOUR strike begun on Tuesday by Australian tug crews is delaying about 100 vessels at mainland ports, the Australian Chamber of Shipping said. "The cost to the shipowners would be well in excess of US$2 million but the cost of the cargo delaysReuter - 107 words
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1178 1988-07-28 20 AP A SHADOW hangs over the Lenin shipyard in Gdansk, birthplace of the banned Solidarity trade union and once a showpiece of Polish industry. The trouble this time is not labour unrest, but whether the state-owned yard will keep operating inAP - 1,178 words
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Article780 1988-07-28 20 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Alltrans VII 3 American Tpt II 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III 1 Asian Ocean VI780 words
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356 1988-07-28 21 Lloyd's List A SOUTH KOREAN inquiry into alleged illegal activities of foreign shipping lines could spark off a shipping trade war with Europe. The action by the Korean Maritime and Port Administration follows a European Economic Community investigation into claims that SouthLloyd's List - 356 words
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170 1988-07-28 21 PHILIPPINE exporters and importers are asking for an extension of the free storage period at the port of Manila. They say delays in cargo movement have resulted because equipment including forklifts. shifters and loaders at the South Harbour and the Manila International Container Terminal are170 words
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Article182 1988-07-28 21 THE OPENING of Songkhla and Phuket deep-water ports has been deferred as the Thai Finance Ministry has not signed the management contract with winning bidder, CT International Lines. The contract was supposed to be signed before the middle of the month and CT International was182 words
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Article58 1988-07-28 21 Reuter THE BAHAMIAN oil/chemical tanker Unicorn Joni arrived at Curacao under tow on July 21. Lloyds Shipping Intelligence Service reported. The 5,233 dwt tanker was immobilised by an engine room fire on July 15 and was taken in tow. It discharged part of its cargo ofReuter - 58 words
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362 1988-07-28 21 Reuter DEMAND for US railroad tank cars to transport chemicals is booming because low water levels on the Mississippi River have slowed barge traffic, the vice president of GATX Corp General American Transportation unit said. The drought couldReuter - 362 words
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Article274 1988-07-28 21 ALL SURVEYS were conducted on July 19 Argentina Buenos Aires and Bahia Blanca Normal operation. Australia Queensland, Victoria. South Australia and Western Australia Normal operation. Gladstone, Brisbane, New South Wales, Sydney and Port Kembla Coal miners strike, some delay expected. Mongla Six vessels operating. Chittagong 28 vessels operating.274 words
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212 1988-07-28 21 Reuter NEARLY half of the highly toxic cargo of the sunken Dutch chemical tanker Anna Broere has disappeared without trace in the North Sea, a Dutch Transport Ministry spokesman said. Some 250 tonnes of the potentially lethal chemical acrylonitryl from one leaking cargo holdReuter - 212 words
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8350 1988-07-28 26 §®aB5)(!E13 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 of8,350 words
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Article1051 1988-07-28 28 SCANT summer fixing left rates to drift as major representative trading routes remained in the background on the London shipping freights market on Tuesday. Scattered grain fixing included CAM's payment of U5511.75 (fio) for an early August loader to work 17,750 tons from Rouen and Nantes to Algeria1,051 words
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Page 19 Advertisements
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Advertisement764 1988-07-28 19 TIMES STP Distributors WW ORIENT OVEIQEAS CofUaimA, LINE NORTH AMERICA ATLANTIC EXPRESS (ROUND THE-WOKLD ROUTING' NORTH AMERICA CALIFORNIA PN* WEST CANADA JARDINE SHIPPING AGENCIES (Res No *****4/ OOK) 200 Cantonment Road #12 05 Southpoint. Singapore 0206 Tel *****11 TELEX NO RS ***** TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34764 words
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Advertisement66 1988-07-28 19 HCMDB A SHADOW hangs over the Lenin shipyard in Gdansk, birthplace of the banned Solidarity trade union and once a showpiece of Polish industry. Page II A SOUTH KOREAN inquiry into alleged illegal activities of foreign shipping lines could spark off a shipping trade war with Europe. Page 111 Index66 words
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Advertisement675 1988-07-28 19 THE SPECIALIST IN: Wire Rope Slings Lashing Materials Lifting Gears s INTERMARINE SUPPLY CO. (PTE) LTD. TB72MKJ (I LMEB) TLX MCCO W MM FAX *4C7 MAERSK LINE WE PUT YOUR CARGO ON THE TRACK TO THE U.S. GULF Tha week M Tokyo 8810 CY 3/8 2300 HRS CFS 3/8 1300675 words
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Page 20 Advertisements
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Advertisement594 1988-07-28 20 «f Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP LARGS BAY HONGKONG EXPRESS KAMAKURA ARLBERG RHINE MARU TOKYO BAY FRANKFURT EXPRESS HAMBURG EXPRESS ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN. COPENHAGEN. AARHUS, GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM. CARIBBEAN S. AMERICA CONTAINER SERVICE FROM594 words
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Advertisement18 1988-07-28 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National VVKSdffrJ Shipping Association.18 words
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Advertisement607 1988-07-28 20 13 AMERICAN TRANSPORT LINES, INC. U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO 1.."V1 I 4 IV.' "I kr.y.v: [Jl'M.'M'm yy,' AmTVans. «T FEEDER VESSEL ACCEPTING CARGO TO ATLANTA. SAVANNAH. BALTIMORE. MIAMI. TAMPA. OTHER U.S. EAST COAST PORTS ON REQUEST ALSO ACCEPTING CARGO TO CENTRAL/SOUTH AMERICA:- CRISTOBAL. PUERTO CABELLO. SANTOS. RIO CRANOE.607 words
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Page 21 Advertisements
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Advertisement623 1988-07-28 21 -h The Straits Steamship Group L Mansfield Container Shipping Re Ltd P&O Containers COmMWERSW SERVICE TO UK/COMTWKT: Li STRAITS SHIPPING Singapore to Sibch, Sarawak, Brunei Porta and Bangkok TWO Ml nUNKTUIT EXPKOS Aho Adapting Cargo For: r«n rtH rtw( rtanartai uin an an |m* m m a* m am am623 words
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Advertisement607 1988-07-28 21 EUROPE hF msi nji SENATOR LINK USA PANAMA aa ILM I4JI II <1 MIMI 24J1 MJ7 MJ7 tun run rrn Ju TO USA/CANADA WEEKLY FULL CONTAINER SERVICE P. TYLER Vt3 P. PIERCE V 144 2W7 a/7 la/7 IH/7 P. HAM ISO* va m m 7* 11* 12* 111* 12* 14*607 words
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Page 22 Advertisements
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Advertisement507 1988-07-28 22 US I NOSE MARITIME PTE LTD til ISLAMIC REPUBLIC OF J'il IRAN SHIPPING LINES IRAN MEEZAN IRAN EKRAM BANDAR ABBAS BANDAR ASMS JAPAN, KOREA KYOWA LINE JC* ,vjc*r Singapore Loading for: A VESSEL 15/8 LAE, PMB, RBL, HRA HK LOAD FOR OCEANIA EXPRESS V-18 6/8 GUAM, SAIPAN YOKO KYOWA ROSE507 words
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Advertisement1003 1988-07-28 22 W MC.S.line IHUA iHWKt Cf^Atltm FULLY CONTAINERISED SERVIC TO EUROPE VIA SUEZ "T| A Member of the Ace Consortium HONGKONG CONTAINER SWT KOREAN JACEJIN 4SN KOREAN JACEWON MN QUEEN S WAY BRIOGE 4W SEVEN SEAS BRIOGE 67W KOREAN CHANCE 3M ACE CONCORD M S'aere leHavre Filwi 31/7 ll# IS# W1,003 words
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Advertisement186 1988-07-28 22 EURO-AFRICA for. Porto, usbon, oran, bilbao MAD# 10, MALAGA, MEUUA. TANGER, TENOWR, lASP ALMAS, AIGW TUNC, VALLETTA *UN. CEUTA ISTANBUL 6/8 A 9/8 FAR EAST PORT KELANG A PENANG BANGKOK HONG KONG KOBE MANILA TOKYO/YOKOHAMA KEELUNG/KAOHSAJNG BUSAN JAKARTA NOUMEA. SUVA/LAUTOKA PORT MORESBY, RABUAL, LAf A MADANG 10/8 A 20/8 COLOMBO186 words
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Advertisement804 1988-07-28 22 l uui»uaj, ouiy i»w m EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) V W >8 SS n* jsh an m .s us a a a uS i£ SS un an on >>c uk MI m u an an w w an an w w l/M 2/M l/M 4/11 a/M804 words
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Page 23 Advertisements
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Advertisement763 1988-07-28 23 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE Im I MAJAPAHfT OOWA VOY SM POO HKQ KAO KB KTC fOK MOO KOO MS 14MB >1/7 >1/7 4* M 719 11/0 1M 13/4 1M mm >/> it/t is/s 17/B im m763 words
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Advertisement419 1988-07-28 23 EXPRESS CONTAINER SERVICE TO UK/CONTINENT IM M w w EXPRESS CONTAINER SERVICE FROM UK/CONTINENT nm riMvoi nMt mavm stoh prlam rmi for MM MM 11/7 1* HKC.MO MM 4d mm. MM M NM, KM MM MM M 11 1 KM RM MM MM 1M MJtMK.TR mm mp m NM UO419 words
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Advertisement481 1988-07-28 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYI P.T. 6ESUM LLOYD P.T. SAMUDERA INDONESIA P.T. TMKOfiA LLOYI EXPRESS SEMI CONTAINERSNIP SERVICES VSL/VOY U. BOMTANG/ISWB KUTAI/15 WB OCEAN PKIHA/11WB SNIWIJAYA/24W8 Port taM, Port Alexandria, Oowoo. Trtoote. ALSO ACCEPTING BOTH CONTAINERS, CONVENTIONAL CAMO VIA T/S TO UK FONTS. HULL, LE HAVRE481 words
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Advertisement274 1988-07-28 23 BOUSTEAD SHIPPING AGENCIES PA-AN VI27V MTONEYWA VZS7W BURMA FIVE STAR SHIPPMB CDBPOMTinii (Burmese National Line) Loading for Rangoon S'por* P.Ktiang Ptnanf Bangkok T7ta M Wtal I■ TAINER ÜBWE ■CYiHiag«y.w.i:iii FORTH BANK V22N IVYBANK VON TAUSALA SAMOA VIJN SPORE ROAM HULL W 2M M 1/10 IWO 1200 VII 31/10 1/11 IfU274 words
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Page 24 Advertisements
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Advertisement591 1988-07-28 24 K'lini KAWASAKI KISEN KAISHA. LTD. N. AMERICA-ATLANTIC COAST AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR VOY *INDO IS 24/7 10 31/7 14 7/1 10 14/1 VOY LB 17 180 9 25/6 13 2/7 10 J/7 •PK/PNC 2V7 10 M 150 •PK/PNG591 words
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Advertisement304 1988-07-28 24 Accepting LCL South Africa HAYAKAWA MARU VAAL SH7F NEDILOYD COLOMBO SGSC VENTO M 026 OSAKA MARK S74OC contelnnrtand cargo** Diract to Sport Durban P.EIU HP 11/1 13/1 m »i 2v» 2M 3/9 10* P.Elii C.Town Ourb M/ 7 15/7 11/7 J/7 10/7 17/7 25/7 26/7 U/B f/ JARDINE SNIPPING AGENCIES304 words
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Advertisement591 1988-07-28 24 •m. AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCUFCL Contains* KALIOAS ».a TULSIOAS *J7 KALIOAS VJS TULSIOAS VJt Smpport P KaMnt (W* Load«* tor ***< W Br fmdm By Faadar 12 A«| 5 Auf 5 Al4 FrtmAMb/Srdn/Adri •SW 1 Sapl 1 Sapt F rwn/Mat>/Sydn/Add I Oct 25 Sapt 25 Sapt FrvmAWb/SfdnyAM XOd591 words
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Advertisement365 1988-07-28 24 7s-7 GOLDEN LINE StV GUAN GUAN SWUNG (PTE) LTD 0. T«M Ayor Straat SINGAPORE 01M TIL BOM (10 LINES) Far SOSM STRAITS/PERSIAN GULF SERVICE GOLDEN HAVEN Cotombo/KaradWDufaoi GOLDEN BEAR CotomtxtfKarodii/Oubai CHINA SERVICE DAI TUN SHAN A VESSEL HuMpu/Slttflftoi PMtoi* FW* Cm 1405 CHINA OCEAN SHIPPING CO., PEKH THE PEOPLE'S REPUBLIC365 words
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Advertisement479 1988-07-28 24 I PHI LI on l€ NT LIN€S PT€ LTD HEAD OFFICE 63 ROBINSON ROAD »07 V A r RO AS A BUILDING SINGAPORE OiCS TELE* RS ***** PHIL! FA* ??SSS7E 1-'ili-gll-B hM-i.'-n.v:! DESTINATION Ivl. ■T~T T GENTRAOE i ii 3 I. ll' 1 ■P. 22/1. 3* i fVTY ir'*ci^'Wi r479 words
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Page 25 Advertisements
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Advertisement752 1988-07-28 25 NEPTUNE AGENCIES PTE. LTD. FE EU/AUST TP A/SEA NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE HILLY GWTMWM9 TO EUROPE/UK (VIA SUEZ): MK CONTAINER SRR OP) K JACEWON MM. < SA) 7 A K JACEJIN 4MB. < «A) W QM BRIDGE 4M «A) 1W SS BRIOCE OM- (12A) MA K CHANCE m.752 words
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Advertisement522 1988-07-28 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO KELANG. PENANG, KEELUNG. BUSAN, INCHON It WEF JUNC 1) BUSAN I SINGAPORE 2) SMOAPOftE/ KEEL UNO 10 DAYS SERVICE tl SCRVtCCtI vaaaait n«m eto bs spore pwlamc «e iusan hoji No I Donam/OOtM V 0 02-04/00 04-0500 13-13/00 It-llfM flJ* -vohtimm522 words
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Advertisement758 1988-07-28 25 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 ***** PfNANC KELANG MESSRS MAI THONG SHIPPING 127 Penjflf Street, Pew* M»t»ysa M/S HANDLING SYSTEM CO SON WD758 words
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Page 26 Advertisements
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Advertisement300 1988-07-28 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 .30 lines FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAO VE.B OE UTF R ACHT/SE EREEDEREI ROSTOCK *1, f T-L *ccspunf CJrfO rpr Nonf *OOf, DUMW, INjrO MO ROM. REGULAR CONVENTIONAL SERVICE TO EUROPE HALLE Ml300 words
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Page 26 Miscellaneous
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Miscellaneous180 1988-07-28 26 Regional Weather WA V v> v S >> a Va m r^y. ,1 V c < f A 5 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. July 28, 1988 •c a w Wind direction with speed in knots Wove height LEGEND R Thunderstorm Temperature c X\ Shower Weather -V180 words
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Page 27 Advertisements
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Advertisement2005 1988-07-28 27 Jfi'FARGO SHIPPING COMPANY (PTE) LTD N0.15 Hoe Chiang Road #13-02 Sanford Building. Singapore 0208 Tel: *****22 Tlx: ***** FASCO 8 b ABC CONTAINERIZE N.V. V TO AUSTRALIA/NEW ZEALAND Alm accepting cargo to AUSTRALIA Adaiai*. Brisbane NEW ZEALAND Wellington. Napter, Christchurch TO USA/CANADA ttl Tin Eiprtu 207 I2M Ifl •OHMI no2,005 words
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Advertisement197 1988-07-28 27 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 I Q IRAQI LINE >«»0' fHT(«r«iS( 'OR ■li'Tinf T«*«sro«T MV SINDBAD EAST BOUND SERVICE ETA S PORE LOADING FOR s lt Japan THROUGH B/Ls to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA t BAGHDAD REEFER SPACE197 words
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Page 28 Advertisements
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Advertisement417 1988-07-28 28 Hai Sun Hup Co (Pte) Ltd L TEL *****06 (20 Lines,. TLX HS ***** RS ***** ft J t I \S 11 K\ \K I k III). STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN R0-R0 HEAVY LIFT! Moji 20/8 •Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN417 words
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Advertisement474 1988-07-28 28 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMkCONTAMER SERVICE TO FORTHBANK V22N IVYBANK V22N TAUSALA SAMOA VI3N RDM/A DAM HBG HULL (U.K.) 2S/8 3/9 6/9 8/10 12 10 1510 31/10 4/11 1/11 •Atao Act«ptin| FCL to A>m^Br^/f*(iutoM/Southainpton/MfMVCatt««*ur| (ASIA-SOUTH PACIFIC JOINT SERVICE) STORE CORALBANK V4S 29/7 BEECO ASIA474 words
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Advertisement242 1988-07-28 28 KS WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES Agent MHON-ASM SHIPPING (S) PTC LTD Te{: *****88 (8 Lines) Tlx: RS ***** ter MASKAPAI PELAYARAN NUSANTARA WEEKLY CONTAINER FEEDER TO/FROM JAKARTA VESSEL: C V MAUNG VOY ETA S PORE ETA JKT 68S 9ft 01/® cmfiiipi HWA YANG MARINE242 words
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Advertisement752 1988-07-28 28 Bfflh CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR *****53/*****11 ■04-*****2/4, *****3 •07-*****8 07-*****3, *****5, *****0, *****1 •02-*****22 *****88 TO EUROPE FEEDtR SINGAPORE I IDtARVE TT7i rm TT-T WEEKLY FAR EAST/EUROPE CONTAINER SERVICE OTHER OCSTINATIOMS: AARHUS. AMSTERDAM. ANTWERP. BASLE BREMEN BREMERHAVEN COPENHAGEN. HELSINKI. MAIMO752 words
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