The Business Times, 28 July 1988

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, JULY 28, 1988 75 CENTS
    11 words
  • 249 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 and
    AP  -  249 words
  • 232 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 data
    232 words
  • 118 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 the
    118 words
  • 452 1  -  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 cost
    452 words
  • 690 1  -  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 adopted
    Source: Businese Week  -  690 words
  • 342 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
  • 47 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. AFP
    AFP  -  47 words
  • 159 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 more
    159 words
  • 210 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 Parliament
    Reuter  -  210 words
  • Page 1 Advertisements
    • 208 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 vou
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    • 316 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 Chiang
      316 words
    • 46 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: *****75
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  • HOME NEWS
    • 556 2  -  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 for
      556 words
    • 251 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 to
      251 words
    • 321 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's
      321 words
    • 224 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
    • 339 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
  • Page 2 Advertisements
    • 199 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 f
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    • 83 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 to
      83 words
  • Page 2 Miscellaneous
    • 126 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 33/25
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  • HOME NEWS
    • 515 3  -  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, the
      515 words
    • 338 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. In
      338 words
    • 266 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, the
      266 words
  • Page 3 Advertisements
    • 380 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 Training
      380 words

  • ASIA-PACIFIC
    • 383 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 the
      AFP  -  383 words
    • 403 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
    • 373 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-S
      AFP  -  373 words
    • 197 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 Industry
      UPI  -  197 words
    • 390 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
    • 403 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
    • 160 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 eastern
      Reuter  -  160 words
    • 190 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 of
      AFP  -  190 words
    • 213 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 on
      AFP  -  213 words
    • 385 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
    • 737 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/AUH
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  • Page 4 Advertisements
    • 79 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 a
      79 words
    • 63 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 the
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  • REST OF THE WORLD
    • 523 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 National
      AFP,; AP  -  523 words
    • 364 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 total
      Reuter  -  364 words
    • 354 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. Over
      NYT  -  354 words
    • 465 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 standards
      Reuter  -  465 words
    • 415 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. They
      Reuter  -  415 words
    • 251 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 prices
      Reuter  -  251 words
    • 249 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 but
      AFP  -  249 words
    • 98 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
    • 178 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 announcement
      Reuter  -  178 words
    • 358 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
  • Page 5 Advertisements
    • 175 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 in
      175 words
    • 10 5 IF YOU LOVE DANCING TO THE OLD TUNES... i ft
      10 words
  • Page 5 Miscellaneous
    • 64 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 IS
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  • MONEY AND EXCHANGES
    • 1565 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 88
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    • 349 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 per
      349 words
    • 156 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 July
      156 words
    • 407 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 settle
      407 words
    • 189 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» 445.40
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    • 62 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 9/14
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    • 165 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/« 3/4
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  • Page 6 Advertisements
    • 572 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 Ist
      572 words
    • 95 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 small
      95 words

  • BANKING AND FINANCE
    • 189 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 the
      FT  -  189 words
    • 767 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
    • 118 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
    • 379 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 legislation
      Reuter  -  379 words
    • 180 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 must
      AFP  -  180 words
    • 182 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
    • 311 7  -  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 Merchant
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    • 149 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 to
      149 words
  • Page 7 Advertisements
    • 296 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 Marine
      296 words

  • COMMODITIES
    • 275 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 and
      275 words
    • 118 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 European
      118 words
    • 234 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 in
      234 words
    • 79 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 5
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    • 297 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 266.00 268.00N
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    • 488 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 in
      488 words
    • 67 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 closed
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    • 49 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.
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    • 290 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 961/918
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    • 240 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 540.00
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    • 6 8 Source: Petroleum Argus
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  • Page 8 Advertisements
    • 203 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 with
      203 words

  • FOCUS
    • 984 9  -  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 biggest
      984 words
    • 1059 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)
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    • 597 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 the
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  • Page 9 Advertisements
    • 0 9 ^%;=~**\/]<.}:",@_)[^}?~(+`--^*
      0 words
    • 143 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 a
      143 words

  • PERSPECTIVE
    • 538 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
    • 1405 10  -  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 impressed
      1,405 words
    • 825 11  -  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 rounder
      Reuter  -  825 words
    • 685 11  -  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 as
      Reuter  -  685 words
  • Page 10 Advertisements
    • 377 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 are
      377 words
  • Page 10 Miscellaneous
    • 679 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 direction
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  • Page 11 Advertisements
    • 1307 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>
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  • Page 11 Miscellaneous
    • 1233 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 when
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  • SPORTS & LEISURE
    • 721 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 9.83
      NYT  -  721 words
    • 35 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. AFP
      AFP  -  35 words
    • 763 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 night
      UPI  -  763 words
    • 495 13  -  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
    • 210 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 of
      AP  -  210 words
    • 626 13  -  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 football
      626 words
    • 106 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 for
      AFP  -  106 words
  • Page 12 Advertisements
    • 590 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 you
      590 words
    • 146 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 for
      146 words

  • Page 13 Advertisements
    • 599 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 or
      599 words
    • 7 13 o o c 1 C/) 5 g
      7 words
    • 23 13 Congratulations On The Official Opening Of Saaagzkaa Markattai Rasaarch CMpaiy The First Professional Marketing Research Company In China From Woh Mow Pte Ltd
      23 words

  • STOCK EXCHANGE OF SINGAPORE
    • 62 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 Boob
      62 words
    • 250 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 shoro
      250 words
    • 214 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
    • 281 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 0.71 047
      281 words
    • 727 14  -  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 was
      727 words
  • 5304 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 t
    5,304 words

  • COMPANY NEWS
    • 410 15  -  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 to
      410 words
    • 597 15  -  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 Gold
      597 words
    • 489 15  -  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 Re
      489 words
    • 251 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 company
      Bernama  -  251 words
    • 50 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
    • 110 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 distributor
      110 words
  • Page 15 Advertisements
    • 245 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 San
      245 words

  • REGIONAL MARKETS
    • 3286 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 eight
      3,286 words
    • 84 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
    • 1394 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's
      1,394 words
    • 514 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 at
      Reuter  -  514 words
    • 409 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 volatility
      Reuter  -  409 words
    • 161 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 3
      Reuter  -  161 words
    • 288 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 China
      288 words
    • 67 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 8 038 231 225
      67 words
  • Page 16 Advertisements
    • 841 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 be
      841 words
    • 160 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 HOCK
      160 words
    • 5 16 Seoul prion win not available
      5 words

  • WORLD MARKETS
    • 999 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 of
      Reuter  -  999 words
    • 999 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 at
      Reuter  -  999 words
    • 1189 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.***** Tuesday
      1,189 words
    • 416 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 investment
      FT  -  416 words
    • 285 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 court
      AP  -  285 words
  • Page 17 Advertisements
    • 838 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 credit
      838 words

  • 428 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 the
    Agencies  -  428 words
  • 398 18  -  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 carries
    Photos by Yap Yew Plang  -  398 words
  • 117 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 Ajaib
    NST  -  117 words
  • 134 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 detention
    Reuter  -  134 words
  • 157 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 state
    AFP  -  157 words
  • 92 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 an
    Reuter  -  92 words
  • 148 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 the
    AP  -  148 words
  • 190 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-2
    Reuter  -  190 words
  • 293 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, Philippine
    AP,; UPI  -  293 words
  • 155 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«mingly
    AFP  -  155 words
  • 86 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.OO
    Reuter  -  86 words
  • LATE FILE
    • 37 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. AFP
      AFP  -  37 words
    • 58 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 Forces
      AFP  -  58 words
    • 43 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. Reuter
      Reuter  -  43 words
    • 48 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. AP
      AP  -  48 words
    • 45 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. Reuter
      Reuter  -  45 words
    • 63 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 which
      AFP  -  63 words
    • 52 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 Gazette
      AP  -  52 words
  • Page 18 Advertisements
    • 150 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 their
      150 words
    • 360 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 machinery
      360 words

  • SHIPPING TIMES
    • 475 19  -  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 lessors
      475 words
    • 319 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 since
      AFP  -  319 words
    • 244 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, and
      AP  -  244 words
    • PORTSIDES
      • 107 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 delays
        Reuter  -  107 words
    • 1178 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 in
      AP  -  1,178 words
    • 780 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 VI
      780 words
    • 356 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 South
      Lloyd's List  -  356 words
    • 170 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 are
      170 words
    • 182 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 was
      182 words
    • 58 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 of
      Reuter  -  58 words
    • 362 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 could
      Reuter  -  362 words
    • 274 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
    • 212 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 hold
      Reuter  -  212 words
    • 8350 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 of
      8,350 words
    • 1051 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 Algeria
      1,051 words
  • Page 19 Advertisements
    • 764 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 *****34
      764 words
    • 66 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 Index
      66 words
    • 675 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 1300
      675 words

  • Page 20 Advertisements
    • 594 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 FROM
      594 words
    • 18 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National VVKSdffrJ Shipping Association.
      18 words
    • 607 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

  • Page 21 Advertisements
    • 623 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 am
      623 words
    • 607 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

  • Page 22 Advertisements
    • 507 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 ROSE
      507 words
    • 1003 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# W
      1,003 words
    • 186 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 COLOMBO
      186 words
    • 804 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/M
      804 words

  • Page 23 Advertisements
    • 763 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 m
      763 words
    • 419 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 UO
      419 words
    • 481 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 HAVRE
      481 words
    • 274 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 IfU
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  • Page 24 Advertisements
    • 591 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/PNG
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    • 304 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 AGENCIES
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    • 591 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 XOd
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    • 365 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 REPUBLIC
      365 words
    • 479 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 r
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  • Page 25 Advertisements
    • 752 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.
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    • 522 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* -vohtimm
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    • 758 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 WD
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  • Page 26 Advertisements
    • 300 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 Ml
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  • Page 26 Miscellaneous
    • 180 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 -V
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  • Page 27 Advertisements
    • 2005 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 no
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    • 197 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 SPACE
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  • Page 28 Advertisements
    • 417 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, TAIWAN
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    • 474 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 ASIA
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    • 242 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 MARINE
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    • 752 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. MAIMO
      752 words