The Business Times, 1 August 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 MONDAY, AUGUST 1, 1988 75 CENTS
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  • 688 1  -  Activittes to have higher value-added By BOEY KIT YIN "IN SINGAPORE it's very hard to get workers and also costs of labour are increasing" Mr KTametani of Matsushita Electric in Osaka. Floating over the telephone line rather matter-of-factly, that understatement did not hit
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  • 271 1 Reuter BRITISH Prime Minieter Margaret Thatcher arrived in Singapore yesterday and held talks with Prime Minister Lee Kuan Yew. There was no official announcement on their talks, but a diplomatic source said the two leaders probably discussed investment and business opportunities and
    Reuter  -  271 words
  • 335 1 Reuter MONEY MARKETS entered August with the dollar riding high and Wall Street also looking aa if it might have anapped out of midsummer doldruma. Friday aaw the dollar gain sharply against other currencies. And on Wall Street, the Dow Jones Industrial Average roee 46
    Reuter  -  335 words
  • 115 1 Reuter IRANIAN Deputy Foreign Minister Aii Mohammad Besharati said yeaterday that Teheran will not attack ships in the GuH while UN peace talks are in progress. "Until that time, we will not do any problem to shipping." Until the United Nations Security Council's resolution calling on
    Reuter  -  115 words
  • 459 1 IT WOULD BE good for the government and the country if five to six opposition members could get into Parliament in this year's general election, said Mr S Rajaratnam, Senior Minister (Prime Minister's Office) and Member of Parliament for Kampong Qlam. However, it may
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  • 421 1  -  By LILY FERNANDEZ ORDERS FOR Miniacribe Peripherals disk drives double; company shelves plans to make 380-megabyte disk drives. That headline-style description tells of what Miniscribe has decided to do in the face of two good choices: to produce more of the same or add a
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  • 249 1 AFP PRESSURE is mounting for outgoing Foreign Minister Siddhi Sawetasils to come forth as a candidate to succeed Thai Prime Minister Prem Tinsulanonda, according to reports. Mr Siddhi, leader of the Social Action Party (SAP) which came second with 54 parliamentary seats
    AFP  -  249 words
  • Page 1 Advertisements
    • 339 1 Need a housing loan? (All WAY FOONG 737-7977 IB Mortgage And Finance (S) Ltd A wholly-owned subsidiary of Hongkongßank 6 Claymore Mill #03-01 Claymore Plaza Singapore 0922 MANAGEMENT PERHAPS one of the greatest challenges facing managers is that of motivating their employees to perform at their best. But what are
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    • 301 1 WEATHER MONEY A EXCHANGES COMMOOfTKS AMCNAFT SCHEDULE CROSSWORDS TV RADIO A NEW PAYOFF controversy has erupted In India following newspaper disclosures that the Japanese firm Sumitomo Corp had paid commissions to Indian middlemen in return for two oil contracts. ASU-PAOFIC, Page 4 MILLIONS of substandard nuts and bolts have been
      301 words
    • 77 1 ('@<;"~";\[-'&![\]$-~|{/*"/!;=] Because of tirelessness, no other airline can offer you this: 4 m J THE JAL PLEDGE SZs highly trained and dedicated professionals we will confidently do our utmost to make any flight with us as enjoyable as possible. J3s the world's number one airline we will maintain the highest
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  • MANAGEMENT
    • 1858 2  -  Perhaps one of the greatest challenges facing managers is that of motivating their employees to perform at their best. But what are some of the critical factors that affect employee motivation? The director of the Center for Effective Organisations, University of Southern California,
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    • 394 2 EVERY AUGUST, about 60 senior managers from some of Singapore's firms, such as DBS Bank and Coppers Lybrand, take time off for the Stanford-NUS executive programme. The programme is in its sixth year and the ciaas has expanded to 90. The programme lasts for
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    • 1133 2  -  Spotlight on tp Management By TAN CHENG HWEE COUNTERTRADE is a topical subject that attracts worldwide attention. Although it is a complex, expensive and uncertain form of trading, it is without doubt an integral part of international trade. But what exactfy is countertrade? Countertrade is an
      1,133 words
    • 643 3  -  By LILY FERNANDEZ MORE THAN ANYONE ELSE, the small investor in the stock market is ruled by the heart, not by the head, declared a dealer's representative recently. He was speaking at a talk two weeks ago on investing in stocks and shares, organised
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    • 194 3 THE ECONOMIC CLIMATE for the fourth trading period in the on-going National Management Game waa favourable, but many companiee did not take advantage of this to step up their marketing to booet demand. Aa a result demand fell by 10 per cent. The game, organised yearly by
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    • 751 3  -  A large cleaning company does not believe in cutting prices in an attempt to beat the competition. Instead, it puts increasing emphasis on training its staff to provide better services to its customers. WILLIAM CHIA has the details. WILLIAM CHIA SINGAPORE'S largest contract cleaning
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  • Page 2 Advertisements
    • 556 2 LAST ANNOUNCEMENT! Appetizer Menu How do markets and industries typically evolve under global competitive conditions? How will our competitors react to market conditions and to our strategic moves? How does a company interface its technology with marketing to deliver and communicate the best value to its customers 9 What are
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  • Page 3 Advertisements
    • 152 3 r- >■ m r I if w 77 »4 s, 5 < »j n S*i > ft V "*»w. ....•Jft# JfH* SSiid asm T", V* a -X. 'ifr r SCAM You're serving tea and, as expected, the conversation piece turns out to be a furniture piece. D-Scari teak sofa set.
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    • 254 3 A Remarkable Opportunity for Investment in a Unique High-Quality Office Building overlooking the park ON MARCH 21,1988 the Urban Redevelopment Authority of Singapore unveiled a masterplan for a Civic and Cultural District comprising some of the Republic's most treasured buildings. A key element in the plan is a large area
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  • ASIA-PACIFIC
    • 532 4 AFP. Reuter A NEW PAYOFF controversy has erupted in India following newspaper disclosures that the Japanese firm Sumitomo Corp had paid commissions to Indian middlemen in return for two oil contracts. However, Sumitomo Corp has denied these allegations. A Sumitomo spokesman admitted that Sumitomo and
      AFP.; Reuter  -  532 words
    • 293 4 AFP AN INDIAN watchdog panel has counselled the government of Prime Minister Rajiv Gandhi to order drastic cuts in spending or else face a serious debt crunch. The office of the Comptroller and Auditor General (CAG), a kind of government ombudsman, said
      AFP  -  293 words
    • 194 4 AP LAOS has passed a 32-arti-cle foreign investment law designed to attract funds and expertise to bolster its economy, the official Laotian news agency KPL said on Saturday. Laotian officials have said recently the law was part of the communist country's effort to
      AP  -  194 words
    • 804 4 ARRIVALS Operator otrvict number local tim* From GU GA940 1150 MES SU SQ238 1155 MES THA TG403 1155 IKK SU SQ191 1155 POJ THA TG40P 1205 M0C/H0Y GU GA900 1210 PKU GU GA7205 1215 HIP MAS MH641 1230 KCH RJA •J 182 1230 AMM SU SQ1 1250
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    • 395 4 Agencies KING HUSSEIN of Jordan has dissolved the Lower House of Parliament, which represents the interests of Palestinians in the Israeli-occupied West Bank, in an apparent move to strengthen the PLO. Jordanian politicians said the move, on Saturday, was intended to leave
      Agencies  -  395 words
    • 423 4 Agencies IRAN Acting Foreign Minister Mohammad Ali Beaharati aaid on Saturday that his country stands ready to negotiate directly with Iraq, a demand set by Baghdad as a precursor to a ceasefire in the Gulf war. "I am now saying that for direct
      Agencies  -  423 words
    • 477 4 Agencies CAMBODIAN resistance leader Prince Noro4o« Sihanouk has said that chances for peace in his country are "very slim' T Und blamed both his enemy Vietnam and his partner in arms the Khmer Rouge for blocking peace efforts. Mr Sihanouk said
      Agencies  -  477 words
    • 379 4 AFP THE BREAKDOWN of bilateral talks on US military bases in the Philippines could require urgent decisions at the presidential level as pressure mounts on both sides, say official sources in Manila. Four months of negotiations collapsed last week over the question of how
      AFP  -  379 words
    • 153 4 AFP INDONESIA will defend its share of the Japanese oil market in upcoming talks between the state oil company Pertamina and its main Japanese buyers, Mines and Energy Minister Ginanjar Kartasamita said on Saturday. "What is important is that we should
      AFP  -  153 words
    • 145 4 Reuter PHILIPPINE PRESIDENT Corazon Aquino stands to get a salary increase of 68 per cent next year under a bill pending in Congress. Rolando Andaya, chairman of the Philippine House of Representatives Budget Committee, told reporters in Manila last
      Reuter  -  145 words
    • 445 4 AFP JAPAN'S retail system is increasingly seen in Japan and abroad as backward, complex, costly and above all an obstacle to imports, but persistence will be needed to change it, a Japanese industrialist said. "Patience is the key word," said Mr Isao Nakauchi, who
      AFP  -  445 words
    • 233 4 AFP THE PHILIPPINES may sue Westinghouse Corporation for fraud, bribery and faulty construction in the building of a US$2.2 billion nuclear plant, a Philippine Senate office said last Saturday. Spokesmen for Senator Rene Saguisag, head of a Senate committee on the nuclear power plant
      AFP  -  233 words
    • 285 4 NYT CHINA has continued to commit gross violations of the human rights of Tibetans during the past year, according to a report issued on Saturday by a Washington-based human rights organisation. The group, Asia Watch, said human rights violations there are severe and
      NYT  -  285 words
  • Page 4 Advertisements
    • 35 4 iriwn the following morning. Co> your Travel Agent or Air Canada at *****55 The business person's choice every Tuesday, Thursday, Saturday and Sunday Leoving Chongi Airport at 22:05 hour* and arnvng Heathrow eorly AIR CANADA
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  • Page 5 Advertisements
    • 357 5 HUMAN ENGINEERING HAS PRODUCED THE REVOLUTIONARY AIR SUSPENSION SYSTEM AND THE ULTIMATE RIDE. Page 9 NEW NISSAN CEDRIC BROUGHAM VIP The revolutionary Nissan Air Suspension System fitted to the new Nissan Cedric Brougham VIP replaces conventional coil springs and electronically modifies the suspension as road conditions var Y/ giving the
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  • REST OF THE WORLD
    • 665 6 House members introducing bill to tighten testing AP MILLIONS of substandard nuts and bolts have been used in everything from military equipment and weapons to the space shuttle and commercial trucks, a US congressional committee has said. "The millions and perhaps
      AP  -  665 words
    • 470 6 AP DEMOCRATIC presidential candidate Michael Dukakis took his campaign to the state of Kentucky in the generally conservative South on Saturday after criticising US President Ronald Reagan's administration's handling of the Pentagon scandal. Vice-President George Bush, the certain Republican nominee, in turn challenged Mr
      AP  -  470 words
    • 408 6 NYT CLICHES are the mother s milk of political rhetoric, and the battle for the best of them in this year's US presidential election is heating up. "Whoever controls the cliches wins you can bet on it." said John Buckley, a Republican political
      NYT  -  408 words
    • 151 6 AFP WEST GERMANY has been the world's leading exporter for two years running, ahead of the United States and Japan, the International Monetary Fund announced in a report last Friday. West Germany exported goods worth US$294 billion last year, compared with US$25O billion for
      AFP  -  151 words
    • 474 6 AFP AN UNPRECEDENTED European Community (EC) report has urged the 12-nation community and the United States to make major, coordinated cuts in their agricultural subsidies to end their multi-billion-dollar farm price war. The discussion document, made for the
      AFP  -  474 words
    • 230 6 Reuter LONDON stockbrokers wrangled for years over whether to let women trade in shares but, when the barriers came down, few stepped in to do so. Fifteen years after women were formally permitted to trade on the London Stock Exchange, the latest
      Reuter  -  230 words
    • 221 6 FT THE SOVIET UNION'S first business school, designed to imbue the country's executives with the basics of Western-style management, has been opened in Moscow. The school, formally opened on Thursday, will offer from Oct 1, courses in economic and commercial activities, the management
      FT  -  221 words
    • 449 6 Reuter THE US Ambassador to the United Nations said on Friday thst Washington hoped to pay US$lBB million in dues to the world body this yesr, enabling it to start peacekeeping operations between Iran and Iraq. Ambassador Vernon Walters credited
      Reuter  -  449 words
    • 277 6 Reuter THE US Agriculture Department on Friday reported that US farm prices in July were 3.6 per cent higher than in June and 10 per cent higher than a year ago, propelled by a crop-threatening drought. But the report, reflecting
      Reuter  -  277 words
    • 139 6 AFP, Reuter AFTER the government overruled South Africa's official censors and banned the anti-apartheid film Cry Freedom on Friday, Sir Richard Attenborough, the director of the film, said he was not surprised by the banning. "I feel terribly disappointed but I
      AFP,; Reuter  -  139 words
    • 409 6 FT THE SCOOTER, favourite of London mods, Italian teenagers and Tokyo office workers, is enjoying a new lease of life in Japan. After years of stagnation, scooter sales have soared 45 per cent in the first six months of this year, thanks to
      FT  -  409 words
  • Page 6 Miscellaneous
    • 58 6 Doonesbury LOOK AT THE PERFORMANCE QUALITY OF THIS BOAT! 17.5 KNOTS CXUISINGSPEEP! 8,500 i MILES UJmMJT REFUELING! YOU 1 CAN'T JUST BUY THIS KJNP OF o QUALITY, YOU HAVE TO MILL IT! PC YOU THINK HO PROBYOUCANHAN- LEM,MR VLB HER. CAPTAIN? TRUMP' ess u. 9! BY GARRY TRUDEAU OKAY, set
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    • 123 6 wmm 1 r; ////ii Max/ Not* Min (°C) 16/09 Cloudy 17/13 Ooudy 35/25 Cloor 39/30 Osor 33/26 Rain 30/23 Cloudy 28/23 Cloudy una* unav 34/20 Ckar 22/11 Cloudy 28/23 Cloudy 20/13 Rain 22/09 Fkw 22/13 Cloudy 29/18 Clsor 26/14 Cloar 38/24 Clsar 25/12 Clsar 14-02 Rns 26/19 Cloudy 36/21 Ci*ar
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  • COMMODITIES
    • 520 7 Reuter CONFUSED over prospects for an end to the Gulf War, oil markets are looking to a proposed Opec meeting in Lausanne on Wednesday for some direction. Oil analysts and traders say higher prices are likely to depend on whether the talks show that
      Reuter  -  520 words
    • 107 7 Reuter BHP Petroleum (America) Inc has signed an exploration agreement for 11,438 sq km off Guyana in partnership with Lasmo Oil (Guyana) Ltd. BHP Petroleum, a unit of the Broken Hill Pty Co Ltd, said the agreement was signed in Georgetown on Friday and
      Reuter  -  107 words
    • 229 7 AFP TALKS on the long-term future of a pricing pact for coffee, held last week at the International Coffee Organisation (ICO) in London, broke up last Friday without agreement. "There are not yet specific proposals about anything, so that is why
      AFP  -  229 words
    • 167 7 Rubber KL Tin TIN PRICES closed higher on the Kuala Lumpur Tin Market (KLTM) last week on continued strong European and local buying demand. The metal appreciated 15 Malaysian cents to close at M 518.96 a kg but on a smaller offering of 362 tonnes compared with 505 tonnes the
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    • 172 7 CRUDE palm oil futures closed sharply lower in erratic trading on the Kuala Lumpur Commodity Exchange last week with spot month August sheding MSBI to finish at M 5995 a tonne. Dealers attributed the poor performance to bearish sentiments in the absence of fresh factors coupled with further
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    • 320 7 Reuter NORMAL summer weather patterns took hold over the US Midwest on Saturday but forecasters said the scattered rainfall would not ease the drought's grip on the region. The continued hot weather and uneven rainfall kept the pressure on agricultural markets and heightened
      Reuter  -  320 words
    • 1278 7 Silver leads decline in precious metals AFP SOFTS were particularly volatile on the commodity markets over last week. Coffee futures collapsed to seven-year lows, in line with the plunge in New York. Markets on both sides of the Atlantic were affected by rumours that
      AFP  -  1,278 words
    • 145 7 SOYBEAN futures closed up their permitted daily trading limit of 30 cents per bushel in Chicago last Friday, helped by strong commercial buying amid ideas that the market had overreacted on the downside in the past two weeks. Soybeans for August delivery, which no longer has trading limits, closed
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    • 275 7 London Commodity Exchange Ruyer/Selier doting prices on July 29 (£/tonne unless spedfied). Previous dosing prices in parenthesis. Coffee Basil in-store London, sellers option CIF London Jul expired (960/966) High/Low 985/965 Sep 1020/1025 (983/985) High/Low 1020/986 Soles (4688) Cocoa Jul expired (930/950) High/Low 940/930 Sep 948/949 (964/965) High/Low 965/943
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    • 168 7 Chinese Produce Exchange Sutton' noon doting prkM on July 30 (SI/100 kg) Coconut oil Bulk FOB 123.00 Oid drum FOB 133.00 Now drum FOB 137.00 Copra Minod (loot*) 70 Pepper nilvi Murrtok whit* FOB NLW 902.50 Sarawak wMio FOB faq NLW 887JO Sarawak tpodai block FOB NLW 532.50
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    • 137 7 SOFT red winter (SRW) wheat futures closed higher in Chicago last Friday, helped by a rally across the boards in all grains and products on strong commercial buying. In fast dealing, September wheat closed up 11ft US cents at US$3 6814 a bushel, while December ended up 11 cents
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  • Page 7 Advertisements
    • 282 7 CREATIVE SOFTWARE PTE LTD OFFERS SOLUTIONS FOR YOUR COMPANY THROUGH COMPUTERISATION Hundreds of satisfied customers in manufacturing, trading, banking and services, from Multinational Corporations to local companies. J EASY PAY II is a comprehensive computerised Singa- pore payroll system that enables you to easily do C the Company's payroll in
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    • 112 7 SEAFOOD Catch two great treats at the Marina Mandarin's House of Blossoms. Fresh Seafood and Chef Joe Tang, recently off the QE2, where he impressed passengers with his special skills in creating innovative and delicious seafood sensations. Like Baked Roe Crabs, Lobster in Spicy Sauce, Steamed Fresh Clams with Soya
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  • MONEY AND EXCHANGES
    • 392 8  -  By SOH TIANG KENG, Financial Correspondent THE SINGAPORE International Monetary Exchange (Simex) is likely to kick off with a fuel oil contract when it launches oil futures trading early next year. BT understands that a gov-ernment-appointed working committee formed in April to examine
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    • 440 8 Reuter AN ABSENCE of fresh economic data on Friday will leave the US Treasury securities market drifting in a narrow range, economists said. "Being a summer Friday, with no economic statistics to be reported and a Fed funds rate likely
      Reuter  -  440 words
    • 170 8 Gold futures on July 29 100 troy ounces; USS par troy ounce Opan Htgh Low Aug 433.00 ***** 433.00 436.10 3.60 S«P 437.70 ***** 436.00 438.80 360 Oct 43&40 443.80 438.20 441.70 3-50 Dk 433-50 449.30 444.00 447.30 3 JO Fab 443.50 ***** 451.70 45X00 3 JO
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    • 219 8 Gold Financial futures Spot Gold: MEDIUM-TERM moving averages indicate continued downside bias with a resistance at around US$43B. If this resistance fails to contain the present rally, a move to US$443 is in the offing. A bear market strategy is preferable, ie: sell on break below US$432 with stop at
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    • 146 8 AFP SUMITOMO BANK, Japan's second largest bank, said last Thursday its consolidated net profit jumped by 167 per cent from a year earlier to US$l.O9 billion in the year to March 31. Total assets rose from U*****.4 billion to U*****.7 billion, it
      AFP  -  146 words
    • 1198 8 AFP THE US DOLLAR was volatile in the week under review. After an initial dip. an impressive rebound materialised due to hopes of a strong US economic growth. This was followed by a trend reversal owing to the subsequent disappointing statistics, compounded by unexpected central bank intervention. Despite
      AFP  -  1,198 words
    • 109 8 The Government bond prices closed lower last week in the face of a firm interest rate and inflationary concern. The key five-year July bond declined from the opening level of 99.22-27 to close lower at 99.1722. The two-year May bond also eased lower to close at
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    • 521 8 Indicates tha avaraga of Prtm« landing rates of 12 ma)or banks In S'pora (For Week Ending July 29,1988) Treasury Bl III* Term Monday's Yield Friday's Yield Week's Opening Closing High Low 3 months 3.87-82 3.88 3.95-90 3.96 3.95 3.85 6 months 3.96-91 3.98 4.00-95 4.02 1 Yeor
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    • 242 8 Asian market ASIAN CURRENCY avaraga d*posH rot*j for a L "if W99K •ndod My 29 High WCEt Low US 1 7 doyt 8 7 15/1* month 8 1/16 2 inmnta 8 5/16 8 1/4 3 inmHttt 8 5/16 8 1/8 6 mamtm 8 1/2 8 7/16; 9 iimOn 5/8 8
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  • Page 8 Advertisements
    • 107 8 The address has changed From August 1, look for Wako International (Hong Kong) Ltd at our new address: Unit 2501 -02, One Pacific Place, 88 Queensway, Hong Kong Phone: 5-*****22 Fax: 5-*****33 Telex: ***** WAKHK HX Qwako SECURITIES CO., LTD Head Office: 6-1. Koamicho. Nihonbashi. Chuo-ku, Tokyo 103. Japan Tel
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  • BANKING AND FINANCE
    • 498 9 Significant chunk of Kiwi market at stake Reuter TWO MAJOR AUSTRALIAN trading banks are keeping a close eye on the New Zealand government's proposal to sell its 85 per cent stake in that country's largest bank, the Bank of New Zealand (BNZ).
      Reuter  -  498 words
    • 330 9 Negotiations on American Savings Loan takeover almost complete NYT THE Federal Home Loan Bank board said last Friday that it had nearly completed its long negotiations to give control of the nation's largest insolvent savings institution to a Texas investment group. But it said the deal would not be finished
      NYT  -  330 words
    • 150 9 AFP A US insurance company in Seoul is being investigated by an insurance watchdog body on suspicion of unilaterally cancelling its policies. According to the national news agency Yonhap on Friday, the American Life Insurance Co is under special inspection'' by the Korea Insurance Corp
      AFP  -  150 words
    • 297 9 Reuter AUSTRALIA'S largest banking group, Westpac Banking Corp, is unlikely to seek a stake in a fully privatised Bank of New Zealand. Westpac managing director Stuart Fowler said his bank already had significant involvement in New Zealand and was unlikely to take up
      Reuter  -  297 words
    • 372 9 Number Indicative Gross Coupon Amount of days of middle price redemption Maturity Year raised rat* million) payment accrued (excluding yield P«) dates interest accrued Interest) Pa) 15.8.88 Loan 2 1973 •5* 225.00 15/2, 15/8 167 •100.15 •2.00 1.6.86/89 Loan 1
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    • 204 9 Reuter MAJOR Japanese banks have raised their capital ratios to around 7 per cent under the minimum capital adequacy standards of the Bank for International Settlements. The BIS guidelines require banks to hold capital equal to 8 per cent of all risk-weighted assets by
      Reuter  -  204 words
    • 71 9 AFP MITSUBISHI BANK Limited of Japan is to float a convertible bond issue worth US$l3O million on the Swiss capital market. Credit Suisse, the Swiss bank leading the issue, has said. The issue, which will have a put' option, will bear 1/2 per cent interest over a maximum
      AFP  -  71 words
    • 157 9 AFP THE ASIAN Development Bank (ADB) lent a total of US$4l5 million in seven loans to four developing member countries in the second quarter of 1968, an ADB statement said in Manila on Saturday. The largest was a US$l2O million loan to the Philippines
      AFP  -  157 words
    • 510 9 NYT THE Federal Deposit Insurance Corp (FDIC) has announced a bailout of the First Republicbank Corp of Dallas, one of America's largest and most troubled banking companies. The rescue, which will result in an initial cash outlay of US$4 billion by the
      NYT  -  510 words
    • 226 9 NYT THE NCNB CORP, which won federal approval last Friday to take over the First Republicbank Corp of Dallas, has a reputation for manouevreing its way into new markets ahead of its competitors. NCNB is the largest banking company in the south-eastern United States and
      NYT  -  226 words
  • Page 9 Advertisements
    • 100 9 As you can see, our daily flights to Bangkok are as regular as your three main daily meals. As perfectly timed too! But they are far from routine. Because qj on board, you'll experience our famous Royal Orchid Service. With the sort of charm and grace that comes c naturally.
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  • PERSPECTIVE
    • 917 10  -  By ELLEN HAMPTON NYT JAPAN'S currency surplus is washing up on Caribbean shores in the form of development projects and economic assistance a boost to Caribbean economies that also provides Japan with a new springboard into US markets, economists and government officials say.
      NYT  -  917 words
    • 705 10  -  By KOZO MIZOGUCHI AP ON JAPANs northernmost fine of defence, interceptor pilots are on 24-hour alert, sentries against a possible Soviet invasion. The 40 Japanese-made F-15J Eagle jet fighters based at Chitose stand guard on Japan's northern island of Hokkaido, which at one
      AP  -  705 words
  • Page 10 Advertisements
    • 146 10 BUSINESS TIMES MCI <P> 95/12/87 vV Wm PUS You said yes to all three questions? Then you could be just the kind r f person Business Times needs. We are looking for bright young graduates with an urge to write about business. A degree in economics, accountancy or business administration
      146 words
  • Page 10 Miscellaneous
    • 696 10 CRYPTIC PUZZLE ACROSS 1 I leave something tasty for the rascal (5) 6 Vacillating is too much for her (5) 9 A novel landing-place (7) 10 Just a play lover (5) 11 Does one find such sugar in the fridge? (5) 12 An artfully handled skirmish? (5) 13 I go
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  • THE ARTS
    • MUSIC NOTES
      • 226 11 MUSICAL performances undoubtedly peaked during the Arts Festival in June. July, however, saw such activities at an ebb. Judgling from recent announcements of concerts, it seems that activities are picking up again this month. My pick of concerts to look out for are
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      • 94 11 THE CONCERT by the Australian Youth Orchestra on August 6 at the Victoria Concert Hall, beginning at 6 pm, will feature pianist Philip Shovk (best Australian Prize Winner of the Sydney International Piano Competition 1988). He will be performing Mozart's Piano Concerto No
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      • 90 11 SOMETIMES, when holding a compact disc towards the light, you may notice tiny pinholes on the playing surface of the discs. A small number of holes are acceptable, but this is because players all have a built-in error correction scheme. If the pinholes are
        90 words
      • 122 11  -  Compiled by SHAUN KOH THE 1987 WINNERS of the Rolex Music Performance Awards are unlikely to draw crowds in their performance on Aug 19 at the Victoria Concert Hall with the SSO. They are not stars they are neither child prodigies nor budding youngsters. And
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    • 794 11  -  By LARS FOYEN Reuter IT BEGAN 12 years ago with a handful of singers gathered around a piano. Now Folkoperan (The People's Opera) is successfully challenging Sweden's heavilysubsidised opera establishment. The Swedish cooperative breaks conventions. Its singers are little-known. A T-shaped stage divides the
      Reuter  -  794 words
    • 910 11  -  By VANESSA LEE THE UNITED Overseas Bank group s Seventh Painting of the Year Competition drew the highest number of entries this year. Of the 455 submitted, a third of them were in mixed media. It's not surprising then that the
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  • Page 11 Miscellaneous
    • 1278 11 to wn> oasK) PM Opening and Programme Highlights followed by Kay O'Brien Chinatown. The Marketing Mix. To stay ahead, companies must constantly re-assess their products. Producers, who cormot adapt their business to modem needs, miss out on potential markets. This episode looks at the product decisions made by companies and
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  • SPORTS & LEISURE
    • 272 12 AFP AMERICAN teenage sensation Andre Agassi was scheduled to play compatriot Paul Annacone in the final yesterday of the U*****,000 men's Grand Prix tennis tournament in Stratton Mountain. Vermont. Agassi, seeded second, spent only 80 minutes defeating 12thseeded Dan Goldie
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    • 97 12 AP BORIS BECKER and Jimmy Connors were given the top two seeds last Saturday in the US Men's National Hardcourt Championships which begins today in Indianapolis. The first eight seeds received first-round byes, and top-seeded Becker will meet the winner of the Todd Nelson-Gary
      AP  -  97 words
    • 155 12 UPI WEST GERMAN world No. 1 Steffi Graf scored a straight-set victory last Saturday and Bulgarian Katerina Maleeva had to come from behind to reach the final of the US$2OO,OOO Hamburg Grand Prix women's tennis tournament. In front of 6,000
      UPI  -  155 words
    • 102 12 AP FORMER THREE-TIME world boxing champion Wilfredo Gomez of Puerto Rico returned to the ring after a three-year lay-off last Saturday by stopping Mexico's Mario "Polvorita" Gonzalez with a sixth-round technical knockout in Miami Beach. Gomez. 43-3-1 with 41 knockouts, floored Gonzalez in the fifth
      AP  -  102 words
    • 523 13 UPI CONNIE CHILLEMI, bidding for her first career victory, shot a recordtying 64 last Saturday to go sixunder par and take the secondround lead of the inaugural U*****,000 Greater Washington Open. Chillemi, who started the day at one-over par, made nine birdies and two bogeys
      UPI  -  523 words
    • 420 13 UPI SCOTT VERPLANK blasted out of a bunker and sank a 1.2 m par putt on the 18th hole last Saturday, moving into a tie for the lead with Howard Twitty and Steve Elkington entering the final round of the US$7OO,OOO Buick Open
      UPI  -  420 words
    • 349 13 UPI FREE AGENT Danny Schayes and the Denver Nuggets have agreed to terms, making the seven-year veteran one of the highest-paid centres in the NBA. Schayes. who earned U*****,000 with Denver last year, agreed last Friday to a six-year. US$9 million deal. Only
      UPI  -  349 words
    • 215 13 UPI WALT TERRELL pitched a fivehitter last Saturday for his first shut-out of the season to enable the Detroit Tigers to stay alone atop the American League East by beating the Texas Rangers 3-0 in Detroit. Detroit moved
      UPI  -  215 words
    • 122 13 AFP MELBOURNE CUP specialist Bart Cummings last Saturday became the first Australian trainer to chalk up winnings of As 6 million (US$4.B million) in one season. Cummings, who has saddled up eight Melbourne Cup winners, went into the final race day of the 1987- 88
      AFP  -  122 words
    • 547 13  -  By JEROME FANDOR THE BTH ROLEX International Polo Tournament, which was due to be held at the Singapore Polo Club from July 28 to 31, has been postponed. The state of Pahang is in mourning following the death of the Tengku Ampuan, its Sultanah, and
      547 words
  • Page 12 Advertisements
    • 849 12 Where to eat, drink MAGICALLY HYATT I+l 1 1 1 1? When guests order any beverage, standard or premium, at selected outlets, they will get a second drink, all for the price of one! It's a magic formula applicable daily The Lounge 6-Bpm The Mandarins will entertain you from 9.15pm
      849 words
    • 147 12 w. The Matterhorn beckons! Savour the works of Swiss masters at the Belvedere. In our month-long fair stretching from August 131. With Jellied trout, Rindsroellschen, Fresh oysters, Sauerkraut swiss style, Fondue neuchateloise, Nut croissants, authentic Swiss rolls and lots more! Come enjoy over 60 traditional favourites at just $31 for
      147 words

  • Page 13 Advertisements
    • 571 13 and entertain w- Scottish Saddle of Lamb at only $22.50. August I—3l Our dinner speciality for August is a highland highlight, Scottish Saddle of Lamb A lamb with a distinct and delicate flavour, your lamb will be finely roasted and served piping hot from the wagon, with sauteed potatoes and
      571 words
    • 125 13 'IgM/mi/mFA "USQUEBAUGH" And the same to you, you might say. But fear not, "usquebaugh" is no insult, but a Gaelic word of ancient and honourable repute, meaning "Water of Life." Naturally, it is also the word for Scots whisky, fondly known as "Scotch." The water that goes into a fine
      125 words

  • STOCK EXCHANGE OF SINGAPORE
    • 860 14 Singapore Stock Indices July 25 July 26 July 27 July 28 July 29 BT Comp 1 Closed 1000 25 1002 62 1001 23 *****0 BT OB/OS 10 Closed 129 +125 137 161 BT CADI 11 Closed 6250 -6191 -6201 -6131
      860 words
    • 62 14 Company RIGHTS ISSUE C K Tong One-tor-two $2.25 per share Each rights comes with two datochafaie TSts The ax«rc>s« price for the TSts, expiring on May 31. 1990. is $2 25 Ex-date: Aug 3 Books dose: Aug 16 Company BONUS ISSUE S P P On*-tor-two Ex-dote: NYA Books
      62 words
    • 244 14 Company RIGHTS ISSUE AMDS One-for-four $0.50 per shore C 1 Holdings 27 million loan stocks in the ratio of S3 loon stock for every five ordinary shares held. Duta Coos One-for-one $1.10 per shore F N Two-for-five Q $3.00 per share FACB One-for-one $0.40 per share K L
      244 words
    • 160 14 AGM at 310 320 Orchard i Road, Singapore 0923, on Saturday, August 13, at 11am. THE SUNGEI BESI Mines Malaysia Bsrhad: 12th AGM at the PNB Theatrette, 2nd Floor, Menara PNB, 201A, Jalan Tun Razak, ***** Kuala Lumpur, on Monday, August 22 at 10am. ALEXANDRA Holdings: AGM at
      160 words
    • 280 14 Managers' prices Japan Gr Fund 1.51 156 for Aug 1 Shenton Thrift Fund 0 865 0865 Singapore Unit Trust (JOB Management The Commerce 103 1 10 Unifund 099 099 The Savings Fund 090 096 Unibond 1 00 1 02% Spore frog Fund 043 047 S pore Sec Fund
      280 words
  • 5393 14 1 High 988 Low Tel Code Company Last Sale orGr's Dlv Dlv C'vi Gr's Y'ld Net Vol Week P/E 000) High Low Last Quota Buyer Seile SECTION ONE MDUSTRIAL ft COMMERCIAL 1005 139 85 1000 990 218 160 121 460 176 350 125 167 150 295 58
    5,393 words

  • MARKET REVIEWS
    • 544 15 K.Lumpur MBT SHARE PRICES on the Kuala Lumpur stock market finished easier last week in four sessions of less active trading. The market was closed on Monday for Hari Raya Haji. Compared with the previous week's 35.04-point jump on the 30-counter New Straits Times Industrial
      MBT  -  544 words
    • 162 15 AFP VOLATILE performances on international share markets and weak commodity performances wreaked havoc on the Australian share market most of last week Brokers said the national market had managed to resist the influence of the major overseas markets during the past weeks, but
      AFP  -  162 words
    • 662 15  -  r— Singapore P L By LONG SHIH ROME SHARE PRICES drifted aimlessly in light trading last week with interest switching from plantation stocks to marine and retail stocks. After the Monday holiday, the market opened on an easy note as lacklustre overseas sentiment
      662 words
    • 345 15 n AFP THE TOKYO Stock Exchange ended a bullish week on an upbeat note last Saturday with the Nikkei Stock Average topping the 28,000-point level for the first time since July 14. The 225-blue chip average closed out the week
      AFP  -  345 words
    • 694 15  -  Week ended July 29 compiled by JULIANA TAY SCRIP ISSUES C K Tang: Rights issue of one-for-two of $2.25 per share Each rights comes with two detachable TSRs The exercise price for the TSRs, expiring on May 31, 1990, is $2.25 Larut Tire Proposed issue
      694 words
    • 347 15  -  By SHIRISH NADKARNI, Writing for BT from Bombay FOR A whole week, the Bombay Stock Exchange (BSE) had stood idle as stockbroker employees agitated for the implementation of a wage accord signed months ago. Trading resumed only on Wednesday. July 27. and that,
      347 words
  • Page 15 Advertisements
    • 81 15 fmrnl* iM yJALi i/fSS miStePs e« MADE IN SPAIN V a DODONI OBERMAIN LEONE L'STONY SIOUX MISTER ELY #02-28 RAFFLES CITY SHOPPING CENTRE ANNOUNCEMENT CHANGE OF COMPANY NAME The Management wish to announce that effective 1 August, 1988, PAPER PRODUCTS (M) PRIVATE LIMITED will be known as UNITED PAPER INDUSTRIES
      81 words

  • COMPANY NEWS
    • 447 16  -  Plans to set up can manufacturing plant By LISA LEE METAL BOX Asia Pacific (MBAP) plans to set up a $50 million can manufacturing plant in Thailand to tap the booming beer and beverage market in the country. MBAP, a Metal Box PLC and Fraser
      447 words
    • 203 16 SINGMARINE INDUSTRIES has posted a 37 per cent rise in after-tax profits to $3.02 million for the six months ended June 1988 from $2.2 million previously. The improvement was achieved on a 33.5 per cent rise in group revenue to $28.22 million. The company, a Keppel
      203 words
    • 193 16 TIMES PUBLISHING Berhad (TPB) will be hived off from the Singapore Press Holdings (SPH) group and listed separately on the Stock Exchange of Singapore. In an announcement last Saturday, SPH said it is considering schemes whereby existing shareholders of SPH will be allocated shares
      193 words
    • 406 16 Haw Par making the most of Tiger Balm By HOCK LOCK SIEW HAW PAR is following hot on the heels of Cold Storage, with its announcement that it will hive off its pharmaceutical interests for a separate listing on the Singapore Stock Exchange. Earlier this month, Cold Storage announced a
      By HOCK LOCK SIEW  -  406 words
  • MARKET REVIEWS
    • 735 16 K| 1 Hongkong THE HONGKONG market started with a sharp dip last week and then see-sawed upwards to close the week on a firmer note. Sentiment was influenced largely by overseas markets' reaction to the US GNP data. A nervous mood prevailed in the
      735 words
    • 153 16 FDA AMSTERDAM was in a buoyant mood again last week as the ANP/CBS hit a year's high at 276, in spite of Wall Street's weakness and higher interest rates in West Germany. On Thursday, electronics international Philips published disappointing second-quarter figures. Earnings per share were almost halved
      FDA  -  153 words
    • 605 16 PI ■/j J New York j FT WITH SHARE PRICES on Wall Street bouncing aimlessly within a narrow range most of last week, leadership shifted capriciously among the main industrial sectors. The first big recovery after last October s crash came in
      FT  -  605 words
    • 803 16  -  fccnxjl London L A By RAY HEATH, Writing for BT from London THE GREAT British holiday started at the weekend, with millions of vacationers looking forward to sluggish journeys on overcrowded roads and airlines. Much the same conditions are likely to be found in stock
      803 words
    • 297 16 UBS AFTER THE publication of the US trade deficit, financial markets awaited the second quarter GNP report the 3.1 per cent growth (3.4 per cent in the first quarter) was in line with forecasts. But the jump in the GNP deflator,
      UBS  -  297 words
  • Page 16 Advertisements
    • 185 16 Singmorine Industries Limited (Incorporated in the Republic of Singapore) The Directors advise the following unaudited results of the Company and the Group for the six months ended 30 June 1988: COMPANY GROUP 1988 1987 1988 1987 SS'OOO Ss'ooo SS'OOO SS'OOO Turnover 28,216 21,134 Operating profit investment income 4,252 2,759 Interest
      185 words

  • WORLD MARKETS
    • 1022 17 New York Reuter A FLURRY of short-covering last Friday sat off program buying in the afternoon and ignited the biggest blue-chip rally in more than a month. Traders said other factors, including firm bond prices and a steady dollar, also buoyed stocks. The gain was
      Reuter  -  1,022 words
    • 1044 17 London Reuter LONDON equities rose in late trading last Friday, assisted by gains on Wall Street and buying for the new account which begins today. The FTSE-100 Share Index rose 12.3 points to 1,853.6, just below the day's high of 1,853.7, on a turnover of
      Reuter  -  1,044 words
    • 1620 17 NYT US STOCK TRADES through at least six brokerages are under investigation in an expanding inquiry into trading based on information that investigators say was prematurely leaked from Business Week magazine. Brokers and their customers were believed to have obtained copies of
      NYT  -  1,620 words
  • Page 17 Advertisements
    • 365 17 <{{@(&$[``=@\:>!;%).}[/)&/`~:=& NOTICE NOTICE IS HEREBY GIVEN that, I BRIAN BAHROOCHA of No 738 Bedok Reservoir Road, #02-5396 Singapore 1647, has applied for a Public House First Class (Extended) licence in respect of premises at M/s You 'N' Me Karaoke Lounge Pte. Ltd. at 1 Selegie Road, Paradiz Centre #81-41-44 Singapore
      365 words
    • 337 17 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF ASSOCIATED COMPUTERS PTE LTD (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY OIVEN that pursuant to Section 306 of the Companies Act Cap. 50 that a Final Meeting of the members of the
      337 words
    • 723 17 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF TOTA VIDEO PTE LTD At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road #12-01 12-11 Golden Mile Tower, Singapore 0719 on Friday 29th
      723 words
    • 733 17 IN THE MATTER OF THE COMPANIES ACT CAP. 50 (1968 EDITION) AND IN THE MATTER OF J iliKi«:ii>c PTE LTD (Incorporated In the Republic of Singapore) NOTICE OF SPECIAL RESOLUTION FOR MEMBERS VOLUNTARY WINDING-UP (PURSUANT TO SECTION 290) Special Reeolutlons passed on the 36 day of Jily 1968 at *****
      733 words
    • 634 17 11l the Matter of The Companies Act, Cap. SO and OVERSEA CONTAINERS (PTE) LTD (In Member*' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Colombo Court #04-15 on Saturday. 30th July 1968 at 10a.m. the following special Resolutions were passed: 1)
      634 words

  • 649 18  -  Developers to spend $51 m on construction, fittings By WILLIAM CHIA THE OWNERS of Raffles Hotel have won the Urban Redevelopment Authority's tender to develop the big plot of land next to the hotel, although they submitted the lowest bid. A press release from
    649 words
  • 517 18  -  By JEFFREY TSANG TELEVIEW, a public information system which will go on field trial in October, is a high-tech achievement that spells business opportunity for product vendors, service providers and Telecoms. The system allows two-way interaction unlike the SBCText
    517 words
  • 210 18 Reuter THE MALAYSIAN Chinese Association (MCA) said yesterday it has completed an economic plan emphasising racial unity in the country. The plan covers the years after the expiry in 1990 of the country's New Economic Policy (NEP), designed to increase Malay ownership
    Reuter  -  210 words
  • 108 18 NST, Bernama AT LEAST 30 people died and about 400 were injured when the passenger platform of the top deck of the Sultan Abdul Halim Ferry Terminal in Butterworth collapsed yesterday afternoon. Seventeen died on the spot while 13 died at Butterworth District Hospital. It is believed
    NST,; Bernama  -  108 words
  • 251 18 THE OVERSEA-CHINESE Banking Corporation's special loan packages for undergraduates of the National University of Singapore and the National Technological Institute are not meant to encourage students to be spendthrift. Mr Yong Pung How, chairman and chief executive officer of the bank,
    251 words
  • 254 18 CORPORATIONS and individuals who donate sculptures to the National Museum will be given income tax and eetate duty exemptions. It represents an extension of the Museum Donations Scheme introduced in May 1966 to encourage private collectors of art to donate their
    254 words
  • 200 18 THE TRADITIONAL IMAGE of a volunteer may be a "do-gooder" in welfare work. But in the Singapore context, "voluntarism" has a much wider context, says the Minister for Community Development, Wong Kan Seng. And after the general elections, there would
    200 words
  • LATE FILE
    • 33 18 Reuter THE Soviet Union will show US Defence Secretary Frank Carlucci top-security air force and naval bases during a three-day visit this week. Moscow officials said yesterday. Reuter
      Reuter  -  33 words
    • 53 18 AFP JAPANESE car makers will curb their exports to Sweden for the latter part of the year beginning in August. Nihon Keizai said yesterday the decision by the car makers followed a complaint by the Swedish government over steep increases in Japanese exports
      AFP  -  53 words
    • 38 18 UPI TORN by dissent over the future of its bold economic reforms, the Chinese leadership has abruptly cancelled a crucial annual summer summit to plot strategy that opened in mid-July, Chinese sources said yesterday.
      UPI  -  38 words
    • 35 18 Reuter AT LEAST 13 members of the aaaembly of the north-east-em Indian state of Nagaland quit Prime Minister Rajiv Gandhi's Congress (I) Party, plunging the state government into crisis yesterday. Reuter
      Reuter  -  35 words
    • 50 18 Reuter ISRAEL jailed Faisal Husseini, 47-year-old scion of a prominent East Jerusalem Muslim family and a leading Palestinian spokesman, without trial yesterday, and Jewish peace activists said the arrest would block his efforts to end an uprising against Israeli rule in the West Bank and Gaza. Reuter
      Reuter  -  50 words
    • 35 18 Reuter ITALY'S best known anti-Ma-fia investigator. Giovanni Falcone. has asked to quit, citing obstruction and discord with his superior, in a crisis over the conduct of the fight against the crime syndicate.
      Reuter  -  35 words
    • 32 18 Reuter COFFEE producer and consumer nations yesterday failed to reach an agreement in the latest round of talks on the long-term future of a pact to stabilise their market.
      Reuter  -  32 words
  • Page 18 Advertisements
    • 573 18 Free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available 1. Principals or agents? Freight forwarders are divided on whether or not airfreight companies should act as principals or agents of carriers. 2. Demand for executives, which dropped sharply in
      573 words

  • SHIPPING TIMES
    • 403 19  -  By JUNE LIM IN ORDER to standardise its 20-ft boxes, Genstar has placed thousands of containers which can carry only 20 tons on the market. The programme began in June and involved 50,000 containers worldwide, of which many were built 8-10 years ago. The
      403 words
    • 431 19 HEAVY congestion was experienced at Bangkok Port before the four-day long weekend in Thailand, with an unusually large number of vessels vying for berths to beat the holiday period. Post-weekend figures are not available, but mid-last week there were 18 vessels berthed or
      431 words
    • PORTSIDES
      • 103 19 Reuter A PANAMA-REGISTERED cargo ship ran aground near the Bangladesh coast a week ago and efforts to refloat it have so far'failed, Chittagong port officials said. They said the 107-metre Pacific Rose with 30 South Korean crew and 2,700 tonnes of Japanese general cargo onboard, was
        Reuter  -  103 words
      • 69 19 Reuter INSPECTIONS carried out on the 51,091 dwt Liberian bulk carrier Choko Star at Bahia Blanca found the steering gear and main engine to be in order Lloyd s Shipping Intelligence said. Inspectors found no evidence of damage to the bottom plating and no leakages
        Reuter  -  69 words
    • 1064 20 Fairplay THE Southampton-based shiprepair and conversion company, Thew Engineering, is poised to win one of the most unusual ship conversion contracts ever undertaken by a British yard. The work calls for the conversion of a 26-year-old coaster to a four-masted sailing barque for
      Fairplay  -  1,064 words
    • 951 20 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Ahrenkiel liner X 4 Alltrons V* 3 AC Toepfer XI 5 Americon Tp» D 4/5 Anro Service IV 2/3 Arrow lines a s Anon Ocean XI 4 Assoc Carriage XI 5 Arias line X 4
      951 words
    • 100 20 THE Maritime Industry Authority reported that 37 shipping companies registered with the authority during the first half, compared with 52 companies last year. Of these shipping firms, three will be engaged in domestic shipping with a combined authorised capitalisation of P137 million and a total
      100 words
    • 312 21  -  By KINGSLEY WOOD, Writing for BT from Sydney A DUTCH wire rope manufacturer has applied to have a damages claim arising out of the capsize of the heavy ship Gabriella moved from the NSW Supreme Court to Dutch jurisdiction. Two marine
      312 words
    • 111 21 AP THE AUSTRALIAN government will investigate the apparent disappearance of a Philip-pines-registered ship with 26 men aboard that never reached its destination in South Africa after leaving Australia. Home Affairs Minister Robert Ray said a preliminary inquiry into the disappearance of the 27,000-ton Singa Sea
      AP  -  111 words
    • 211 21 A RECENT test shows that the Sea Containers reefer tank container is capable of transporting skimmed milk. The trial was carried out in conjunction with Diary Crest Foods and involved over 20 tons of concentrated skimmed milk. It was loaded at the Diary Crest
      211 words
    • 706 21 IN THE DULL demolition market last week where only a handful of deals were concluded, a Bangladesh breaker paid a top price of about US$26O to US$265 per light ton for a motor tanker. Brokers reported the sale involved the Dodone, 5,945-1 ight ton motor tanker built 1954. In
      706 words
    • 6736 26 AARHUS Ned Deiima. ScanDutcht. Aug 1 Maersk Tokyo. Maersk Line. Aug 4 Liao He. China Ocean. Aug 4 Ming Universe. Yang Ming. Aug 6 Ever Grade. Evergreen. Aug 7. B Suria. ScanOutcht. Aug 8 Villa de Vega. CM D'Afrettement. Aug 9 Ever
      6,736 words
    • 2090 28 A—B AB Shipping Boueteed Shpg Agenciee ABC ConUinertine NV S pore Shpg (S) Accord Shpg Accord Shpg (S) Africa Ocean Linee Seeiion Shpg (S). Anrenktei Liner Kim Shpg (S) Alfred C Toepfer Oceenue Shipping Agenciee (S) Multlport Sdn Bhd (PK) Alltrene Alltrana Expreee American Preetdent Linee
      2,090 words
    • 1240 28 Two more Panamax grain vessels are reported to have been chartered from the US Gulf to Japan at the steady level of US$l9 75 basis combination discharge ports, with one being for August and the other for September loading, ship brokers said on Thursday A rate of $19.50
      1,240 words
    • 358 30 Lloyd's List NORWAY'S Leif Hoegh Co is to buy three ships it first ordered from Wartsila seven years ago but was forced by financial difficulties to hand them back to the Finnish yard. The three conbulkers Hoegh Dene, Hoegh Drake, and Hoegh Dyke
      Lloyd's List  -  358 words
    • 186 30 P 0 to acquire Sitmar for US$210m Reuter THE Peninsular and Oriental Steam Navigation Company (P&O) said it agreed to acquire privately-owned Sitmar Cruises of Italy for US$2lO million. Sitmar currently has four cruise ships, three of which operate out of Los Angeles and one out of Australia, and has
      Reuter  -  186 words
    • 169 30 Reuter HYUNDAI Heavy Industries Co Ltd will try to adjust the pricing on three crude oil tankers it has contracted to build for World-wide Shipping Ltd of Hongkong, Hyundai officials said. "Due to unexpected higher labour costs, the won's rapid appreciation against the
      Reuter  -  169 words
  • Page 19 Advertisements
    • 871 19 J 1 l*ld»4ishirt hit HMES STP Distributors WW Okie NT Oveiqeas CodLimt Lime ffitt SHIPPING AGENCIES (Rag No 242*4/ 00K) 200 Cantonment Road #12-05 South point, Singapore 0208 Tel *****11 TELEX NO RS ***** TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34 235 PtSAKA JAROINE SHIPPING AGENCIES SDN BHD /ELANC
      871 words
    • 112 19 mm THE Southampton-based shiprepair and conversion company, Thew Engineering, is poised to win one of the most unusual ship conversion controcts ever undertaken by a British yard. P«g« II A DUTCH wire rope manufacturer has applied to have a damages claim arising out of the capsize of the heavy ship
      112 words
    • 829 19 THE SPECIALIST IN: Wire Rope Slings Lashing Materials I l; INTERMAJUNE SUPPLY CO. (PTE) LTD. Tel Tama (i unes) tul mcco rs aoa fa* mttn line WE PUT YOUR CARGO ON THE TRACK TO THE U.S. GULF Voy S port Th« «Nt M Tokyo CV 3* 2300 MRS CFS 3*
      829 words

  • Page 20 Advertisements
    • 815 20 c u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT HONGKONG EXPRESS KAMAKURA ARLBERG RHINE MARU TOKYO BAY FRANKFURT EXPRESS HAMBURG EXPRESS LA SEINEY ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN. COPENHAGEN, AARHUS, GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM, CARIBBEAN t S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT RHINE MARU CONTADO TOKYO
      815 words
    • 11 20 Lines and services represented by Shipping Agents. Singapore National Shipping Association.
      11 words
    • 516 20 II AMERICAN TRANSPORT LINES, INC U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO AmTV»n». i if Crrr* ||J' M I V »y feeder vessel ssssßasaass asr asssaasipsaa 1» UMNO*. mmeum. SI THOMAS LEEMROKINMOD ISLANDS, no MM. OOMIICA. mm PHILIPPINES MANILA AND CEBU. exhhj mnzzj EEHi cnns EAGLE LINER SHIPPING AGENCIES PTE LTD
      516 words

  • Page 21 Advertisements
    • 1170 21 £7 The Straits Steamship Group Mansfield Container Shipping Pte Ltd STRAITS SHIPPING! Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Vyl P&O Containers SERVICE TO CONTAINERSHIP SERVICES TO/FROM BANGKOK H'taurf I'hnw K'fea l» Hi 2101 on nm am 2mi t*m am am am am U M TU W TU nm
      1,170 words
    • 619 21 C SAV Carrpjnia Sud Amcncanj dc i jpcrcs S > SERVICE to/from CHILE ■OTHER VtSSCt HK TOKO ARICA KN ANTOfVALP SAI Ml M» um w— a» mn w a vessel hh 2/11 vii mi um CARGO FOR PUNTA ARENAS TALCAHUANO (SAN VICENTE) ACCEPTED WITH T/S VIA VALPARAISO Ag«nts Singapore *****00
      619 words

  • Page 22 Advertisements
    • 565 22 UISI NOSE MARITIME PTE LTC ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN KUAN IRAN EKRAM BANDAR ABBAS BANDAR ABBAS Loading for:JAPAN, KOREA KYOWA LINE PNC/8. PACIFIC SERVICE Singapore Loading for: A VESSEL 15/8 LAE, PMB, RBL, HRA MICRONESIA SERVICE HK LOAD FOR OCEANIA EXPRESS V-18 6/8 GUAM, SAIPAN YOKO KYOWA
      565 words
    • 1133 22 i mi A tmrrmt run FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ A Member of the Ace Consortium KOREAN JACEWON 64W QUEENS WAY BRIOCE 4W SEVEN SEAS MIKE 67W KMEAN CHANCE 38W ACE CONCMO ICW MIENTAL CHIEF UN TRANSWORLD MIDGE 44K 7/1 25/1 26/1 10/1 an m 14/1 1/9 2/9
      1,133 words
    • 159 22 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY KARACHI: ETA 9/8 23/8 MIDDLE EAST SERVICE NEW SERVICE DUBAI 12/8 A 24/8 AUSTRALIA/ NEW i PORT ICE LANG PENANG BANGKOK HONG KONG KOBE MANILA TOKYO/YOKOHAMA KEELUNG/KAOHSiUNG BUSAN JAKARTA BOOKINGS: SINGAPORE: JOHORE BAHRU: KUALA LUMPUR: PENANG: JAKARTA: *****88 (8 Lines) *****45
      159 words
    • 384 22 ANNOUNCEMFIUT EVERGREEN LINE and UNIGLORY LINE are pleased to announce that with effect from Ist August 1988 our general agents in Singapore will be:RTW SHIPPING (S) PTE LTD 78 Shenton Way #25-01 Singapore 0207 Tel No: *****33 Telex No: RS ***** RTWSHP Fax No: *****33, *****33 Cable: CONTSHIP We also
      384 words

  • Page 23 Advertisements
    • 954 23 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE oova •COTA UOU MAJAPAHfT MY VOY 8M NO WQ UO KB HTC VOK NOO KO« MM ™*2 J5 M 1M 1M irn 1M M Kl 1M IM I *f* IK! *2 252 MM
      954 words
    • 486 23 ia BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT mm rtuvn R-tMM MAVM nw f RUM rmt rw BU, U. K t*. m ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA, FIJI AND NEW
      486 words
    • 518 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES vsl/voy U. BONTANG/15WB KUTAI/15 WB OCEAN PRIMA/11WB SRIWIJAYA/24W8 r'C' ALSO ACCEPTING lOTM CONTAINERS CONVENTIONAL CARGO VIA T/S TO UK POUTS. NULL. LE HAVRE. OSLO. COPENHAGEN. AARHUS. GOTHENBURG AND
      518 words
    • 366 23 BOUSTEAD SHIPPING AGENCIES PA-AN VI27N HTONEYWA V737W PAGAN VI3IW BURMA FIVE STAR SHIPPIHC CORPBRATIUM (Burmese National Line) Loading for Rangoon s'pore P.Kelang Penang Bangkok BANK UNI soil CONTAINER SFPVirP FORTH BANK V22N IVY BANK V22N TAUSALA SAMOA VI3N SPOKE ROAM HULL HUBG 9? TlO 1510 1210 4/10 31/10 4/11 1/11
      366 words

  • Page 24 Advertisements
    • 638 24 KAWASAKI KISEN KAISHA. LTD. 'K'linb N. AMERICA-ATLANTIC COAST ORIENTAL FORTUNE NEPTUNE JAOE ORIENTAL FAIR RAINBOW BRIDGE •VIA FEEDER ORIENTAL FORTUNE NEPTUNE JAOE ORIENTAL FAIR RAINBOW BRIDGE VIA FEEDCR HONGKONG CONTAINER KOREAN JACEJIN KOREAN JACEWON QUEEN S WAY BRIDGE •VIA FEEDER LE HAVRE rSTOWE R OAM is/i 20/1 nit 24/8 25/8
      638 words
    • 320 24 PKL TEL *****75/85 TLX NO MA 3«370 Accepting LCL and containerised cargoes Direct to South Africa S port I Durban VAAL 5937F VIRGO OSQ2F NEDLLOYD COLOMBO S63SG VENTO 0402G OSAKA MARU 5740G E8E289 JAROINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAD #12-05 SOUTHPOINT. SINGAPORE 0208 Tel: *****11 TELEX NO:
      320 words
    • 822 24 AUSTRALIA EXPRESS CONTAINER SERVICE Acc«ptti»g FCL/FCL Container* Smiworo P K«inf Lotdwi lor. KALIOAS VJS TU LSI OAS IV KALIOAS VJS TU LSI DAS ¥JS Modior vji By Foodor By 'mo* 12 S Auo 5 Aja 5 Aut 5 Au| From/Mofe SytJn Ad« 1 So* I Sopt Frwi/Mafc/Srdn/AM V Sopt 27
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    • 602 24 GOLDEN LINE WK S*S\ GUAN GUAN SHIPPING (Pit) LTD D Trtot Afar Straat 4 Singapore out tu saow lines) r» aoso* STRAITS PERSIAN GULF SERVICE: Sport PMta* Ptnar* GOLDEN SAVE* CotantaVKarad»i/Ou*>» W Au« GOLDEN BEAR Mornbo/Karacfc/Dul* W3 Aug china tonncc DAI TUR SHAN Stench* A VESSEL H«i»i/t>ia»H 14/15 Aut CHINA
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    • 543 24 ■■WMBMMMMJhMii mi PHIU OMCNT LIN€S PTC LTD HEAO OFFICE 63 ROHNSON ROAD -0M? AFRO ASIA BUILDING SINGAPORE 0106 TELE* RS 287?0 PHIII fAX *****76 EAST/MR BIST Fd A LCI tEKHCE ETA SINGAPORE I DESTINATION I MB."' m IT'TVUT'M JEDOAM (LCI) i>yr TT w an NEW GENTRADE 4/1 ii-l.-l 11-1 f
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  • Page 25 Advertisements
    • 1192 25 NEPTUNE AGENCIES PTE. LTD. F Q«r>*ral EnquMva: T«l: 275M77 Terminal CFS BOOKINGS *****22 *****53 NEPTUNE ORIENT LINES LTD PKiUnt NEPLINE SOU. BHD KMC K. Lumpur NEPLINE SON. BHD. *****33 Ptfung NEPLINE SON. BHD. *****5*276«M77«61/67Y662 J Bjhru NEPLINE SON. BHD. 2904****** FE EU/AUST TPA/SEA S: 27C5753 ***** 27*1 n 779 m
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    • 1280 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 ***** PCNANG p. KELANC MESSRS HAI THONG SHIPPING 127 Penang Street. Pew* Malaysia M/S HANDLING SYSTEM CO SON
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  • Page 26 Advertisements
    • 303 26 /g, SINGAPORE SHIPPING CORPORATION (PTE.) LTO. TEL 225 6868 (30 lines! FAX *****39/*****76 TELEX RS ***** A/B SSCMA RS ***** A/B SSCAD r DSR-LIMES VEB DEUTFRACHT SEEREEDEREI ROSTOCK INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE -VIA LARNACA: ACCEPTING CARGO FOB UMASSOL BEIRUT, LATTAKIA, AiiXANORIA,
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    • 93 26 SHOFUKU LINE WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAI TO TAIWAN JAPAN •Woofcly LCL MrvicM to Kaohtiunt, KMlung. Tokyo, I Koto* Alto callinf Shimzu FCL ony FROM JAPAN KAKJKI VU SM SM SOVEREIGN ACCORD VU SM SM CONTINENT «2 M 7/1 HEMES ACE Vl2 12/1 MM KAMJKI VU 11*1 njt
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  • Page 26 Miscellaneous
    • 176 26 t Regional Weather m m I i <?■. s iS > Va JQ t 3 03 B m s SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. August 1 LEGEND R Thunderstorm Temperature «> c X\ Shower Weather Wind direction with speed m knots Roin Cloudy Sky Wave he, 9
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  • Page 27 Advertisements
    • 1563 27 Jfjt FARGO SHIPPING COMPANY(PTE)LTD. dg&ps No 15 Hoe Chiang Road #13-02 Sanlord Building. Singapore 0208 .Tel: *****22 Tlx: ***** FASCO ABC CONTAINERIZE N.V. TO AUSTRALIA/NEW ZEALAND 7 DATS TO FREMANTLE! TO USA/CANADA Alio accepting cargo to:US* —Houston. Savannah. Tampa. Jacksonville Wilmington (M) Norfolk, Baltimore. Now York, Boston CANADA _Montreal. Toronto.
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    • 219 27 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 f] IRAQI LINE IRAQI STATE ENTERPRISE "fOR MARITIME TRANSPORT EAST BOUND SERVICE MV SINDBAD ETA S PORE 5/S LOADING FOR Japan THROUGH B/U to BAGHDAD UPON REQUEST ALSO ACCEPT INC CONTAINERS UPTO AQABA A BAGHDAD REEFER SPACE
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  • Page 28 Advertisements
    • 557 28 m FINE-LINER SHIPPING PTE LTD 70 Shenton Wiy. 04 0?C Minni Hou -e S pore 0.'07 TFL (8 Lines) TLX RS FLINER FAX 2?Vi% EUROPE SERVICE rrrra ii T.-: i: rnrr JH a FAR EAST SERVICE ■cue: I i/T 3 I MIDDLE EAST GULF SERVICE I »0W I«Q W* SNJ
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    • 696 28 ZIM TRIESTE VESSEL I M!"TrTMMTrM77J' 7 TMI'J''TWI \wr ZIM TRIESTE, ZIM PIRAEUS ZIM MELBOURNE accettim camo to ADELAIDE via Melbourne and also fcl to suam ZIM EILAT CONTAINER UNE 7—T—" I FCL Ta EnrapMii m m Hah. Austria I FCL Tc Cftmu. I< 1. aim LCL/ra. to alt I Sautti
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    • 238 28 MANOLOEVERETT 16/17 Auf 1J JOHNEVERETT 21/22 Aug 2* MURRAYEVERETT m S*> PREFERENTIAL BERTH IN CALCUTTA AT KPD CALL SUBJECT TO INDUCEMENT PA SINGAPORE FAX NO.S&MK TELEX NO. RSZUK Everett Steamship Corpn.S/A t.tfo'd Cent' H.vrisons A P Kpl.mq K i J*>3*7Gl 4 2095H4 PERINTIS LINE WEEKLY FULL CONTAINER SERVICE ACCEPTING ALL
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  • Page 29 Advertisements
    • 340 29 Seabridgfe INTERCONTINENTAL LINES CONSOLIDATION CO-LOADING WEEKLY FROM Singapore Port Kelang Penang UK/EUROPE: FAR EAST UniM Kingdom Ban**, Kong. KM4un«. Kxxhiung Rottartan Buun, Manila China Hamburg. La Harv* and Japan Island Scandinavian Countrm (All inland damnation* acceptable) BOOKINGS/ENQUIRIES, PLEASE CONTACTSINGAPORE: *****11 TLX: ***** SEAAIR' FAX: *****50 P. JAYA *****33 TLX: *****
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    • 340 29 Consolidation Service NEW CALEDONIA TAHITI SIN 8/8 NOUMEA 5/9 PAPEETE 16/9 MAURITIUS REUNION ISLAND SIN 9/8, 1/8 PORT LOUIS 19/8 REUNION 14/8 FRANCE SIN 9/8 MARSEILLE 26/8 LE HAVRE 31/8 TRANSTAINERS delmas-vieljeux WEST AFRICA SERVICE CASABLANCA/NOUAKCHOTT/DAKAR/BANJUL/ CONAKRY/COTONOU/LIBREVILLE/ P. NOIRE/MATADI Thru direct B/L to BAMAKO/NIAMEY/ OUAGADOUGOU/BANGUI/KINSHASA TTA Freight Pte Ltd Tel:
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    • 517 29 TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST LCL/FCL SERVICE JENWEL V 78N 3/8 JENHOL V.76N 7/8 DESTINATION BANGKOK PORT KELANG HONG KONG. CHINA PORTS KEELUNG, KAOHSIUNG MANILA BUSAN KOBE, TOKYO SYDNEY. MELBOURNE. ADELAIDE. BRISBANE JAKARTA JAKARTA ETA S PORE 7/8, 14/8 1/8. 8/8 1/8. 6/8 7/8, 14/8 3/8. 11/8
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    • 567 29 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* C/SELATAN IXV-74 C/SELATAN VIII V <3 C/SELATAN VI V-O SP PKL PN BIN KAON SW 2V7 2/» Sfl W 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON
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    • 367 29 PTC CONTAINER LINES FCL/LCL SERVICE PICGTOJP n C/CJ CARGO IN CONTAINER CO LTD FULLY CONTAINERISED/RO-RO VESSEL SIR AFRNAMISTAN 3/8 HAIRATAN/KABUL/TOURGHUNDI General Agents POH TIONG CHOON SHIPPING (PTE) LTD TEL: *****66 FAX *****41 TLX: R*****6 d OF THE PRESS GROUP) WEEKLY CONSOL SERVICE LCL/FCL U.S.A. (East West Coast all inland points)
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  • Page 30 Advertisements
    • 416 30 Hai Sun Hup Co (Pte) Lti *****06 (20 Lines, TLX HS ***** RS 2067 ft t I \S II R\ \R I I\ I R. III) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS Moji 22/8 "Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN I
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    • 407 30 r?ir FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANAOA/WEXICO AND FRENCH WEST INDIES NED DEJIHA V2B 1/1 I. SURIAV2B M IS/1 INUERNBERC EXP. I Houston/Mexico SELAJWA Vm liH |l)l ISTUTTGART EXP. Cn* Mcnco City Alto urvinf Halifax, Toronto, Now York, Baltimore, Portanouth, norrot*. Savannah/ FRENCH W. Indies
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    • 231 30 ULTIMATE FREIGHT SERVICES PTE LTD JM: *****11 Tlx: ***** Fas: *****92 W«efcly LCL acceptance to a AUSTRALIA all ports a NZ a HK I BANGKOK a EUROPE USA CANADA all ports inddg China incttf Laos all niajor ports Saattk, Portland, LA, SFO t major ports Edmonton, Calgary, VCR Winnipeg, Saskatoon,
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    • 724 30 /M CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 M-*****2/4, *****3 '07-*****8 07-*****3, *****5, *****0, *****1 <02-*****22 *****88 VEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE ft*] U*LOii ■■•'J' rm rr-rr tUTANC 471 OTHER DESTINATIONS: AARHUS. AMSTERDAM. ANTWERP BASLE BREMEN BREMERNAVEN COPENHAGEN. HELSINKI. MALMO, oK
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