The Business Times, 26 August 1988

Microfilm: NL16233
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 FRIDAY, AUGUST 26, 1988 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    285 1 AP Dow Jones lower WALL STREET stocks opened lower yesterday, unable to extend the brisk rally of the previous session. The Dow Jones Industrial Average, which climbed 37.34 points on Wednesday, was down 17.78 to 2.008.89 one hour into the session. Declining issues outpaced gainers by 713
    AP  -  285 words
  • Article, Illustration
    Local market breaks 11-day fall
    195 1 SHARE PRICES in Singapore closed slightly higher in light trading yesterday, halting 11 straight days of declines. Brokers reported that small local investors were picking up Malaysian speculative and lower priced stocks. Buying was spurred by the 37-point overnight gain in the Dow Jones, dealers
    195 words
  • Article
    American dollar drops before release of GNP data
    131 1 THE US dollar closed easier against major currencies on Asia s foreign exchanges yesterday as operators unwound their long dollar positions ahead of the Bundesbank council meeting late last night. Dealers said participants were also restrained ahead of the revised second quarter
    131 words
  • Article
    Lock icon US economy grows 3.3 per cent
    143 1 AP THE AMERICAN economy expanded at a brisk annual rate of 3.3 per cent from April through June in spite of a severe shock from the drought that seared much of the country, Washington reported yesterday. The gross national product, the broadest measure of
    AP  -  143 words
  • Article, Illustration
    Changi Meridien up for sale
    644 1  -  Hotel could fetch up to $56 million By ELAINE KOH THE LAST of three hotels owned by beleaguered Indonesian businessman Hendra Rahardja is being put up for sale The 280-room Changi Meridien has been under the care of receivers and managers Price Waterhouse Intrust since
    644 words
  • Article, Illustration
    Slanderous remarks against PM cost Lee Siew Choh $30,000
    216 1 FORMER BARISAN Sosialis leader Lee Siew Choh yesterday apologised formally to the Prime Minister for slanderous statements made during the last general election. Dr Lee also paid Mr Lee Kuan Yew $30,000 in damages and costs. In a High Court hearing
    216 words
  • Article
    Johor Baru by-election brought 64pc voter turnout
    405 1  -  By PAUL GOPAL THE THREE-CORNERED election fight in Johor Baru brought a relatively high 64 per cent voter turnout yesterday with signs of tension after the end of polling. Two last-minute developments were expected to have influenced polling a charge of ballot paper
    405 words
  • Article
    Plans to spend $500m on education
    202 1 THE GOVERNMENT plans to spend $500 million over the next four years to improve and upgrade secondary schools in Singapore. said First Deputy Prime Minister Goh Chok Tong last night. But it needs the mandate of Singaporeans in the Sep 3 polls before it
    202 words
  • Article
    European central banks raise interest rates
    349 1 CENTRAL BANKS in France, the UK, West Germany, Sw*tze r land and Austria yesterday jacked up their Key interest rates as governments tried to stabilise volatile exchange rates and pinch off rising inflation. The Bank of France started the move by raising its tender
    349 words
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      Page 1 Advertisements Column 1
      157 1 <+@^:>;}|?((>^(-\`];!?*@}}-`.=< Full report, PAGE 16 Regional markets, PAGE 18 World markets, PAGE 19 For the best in Sichuan and Seafood Dishes A 41# MiniFoTiaoQiang Dragon City Sichuan Restaurant Dragon City Sichuan Restaurant is famous for its exquisite Sichuan Cuisine. Savour some of the marvellous delights from our menu comprising of
      157 words
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      Page 1 Advertisements Column 2
      260 1 ELECTIONS '88 On Page 3 Goh: Don't gamble with future Proposal for setting up body to coordinate training for disabled Focus on elected president Don't be scared off by town councils, says NSP Medinet health care network under study Editorial Comment: 10 More than just a bushfire for Bush Papua
      260 words
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      Page 1 Advertisements Column 3
      103 1 Minolta EP49OZ with Simul-Color. BALLY of Switzerland meets the challenge of tomorrou f r"tf 4 V V xv SORENGO r The Best of BALLY is to be round at the following authorised BALLY oeaiers Bally Boutique. Raffles City Bally Boutique. Royal Holiday Inn Champion Shoe Co (Lucky Plaza) Chanrai Brandies
      103 words
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  • HOME NEWS
    • Article
      Tourist arrivals poised to hit new high Tourist arrivals poised to hit new high
      556 2  -  By TONG SUIT CHEE WITH ALREADY more than 1 95 million tourist arrivals in the first half of this year, Singapore is likely to hit a record of four million visitors for this year. The half-yearly
      556 words
    • Article, Illustration
      Police seize $2m worth of counterfeit perfumes
      454 2  -  By LILIAN ANG TWO MILLION DOLLARS worth of fake brand-name perfumes have been seized in Singapore by a joint investigation group comprising Parfums Yves Saint Laurent, Parfums Christian Dior and Chanel. At a press conference yesterday, Mr Philip Manuel, an investigator who specialises
      454 words
    • Article
      Computerisation plan pays off for civil service
      474 2 CIVIL SERVICE computerisation has paid off. Every dollar spent on computerisation of the civil service has seen a payback of $1.71. And the returns will be even better in the future. At the annual seminar on the Civil Service Computerisation Programme (CSCP) yesterday,
      474 words
    • Article
      CAD/CAM courses to boost prospects of Ngee Ann students
      187 2 THE RECENT addition of a CAD/CAM training facility in Ngee Ann Polytechnic's Mechanical Engineering Department reflects its commitment to providing up-to-date training, said its principal. Mr Chen Hung, yesterday. Mr Chen, who was speaking at the 1988 Graduation Ceremony of Ngee
      187 words
    • Article
      Growing market for software and services, NCB tells local firms
      294 2 DEVELOP new computer software and promote product differentiation successfully. That was the challenge thrown out yesterday to Singapore's microcomputer sector. Speaking at the opening of COMTEC 88, Mr Yeo Khee Leng, divisional director (industry) of the National Computer Board (NCB),
      294 words
    • Article
      Need for credit officers to understand SMEs
      167 2 LENDING INSTITUTIONS need to have a better understanding of the variety of industries with involvement of small and medium-sized enterprises (SMEs). says Mr Peter Seah, the chairman of the Finance Work Group. SME Development Workshop Mr Seah. who was speaking yesterday at a
      167 words
    • Article
      Proposal for setting up body to coordinate training for disabled
      299 3 A VOCATIONAL Rehabilitation Committee (VRC) may be set up in a government ministry or statutory board to coordinate vocational training for the disabled Such a committee has been recommended by the Committee on Education and Training of the Disabled in
      299 words
    • Article
      Taxis to take part in fund-raising project
      119 3 SEVEN THOUSAND Singapore taxis will take part in a fundraising project for the Community Chest of Singapore, starting from Sep 5. The project is held in conjunction with "The Great Canon Taxi Ride London/Singapore/ Sydney", which will raise funds for a variety of
      119 words
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      Page 2 Advertisements Column 1
      34 2 I y ■;r t 'x 5 mm B s\ •> n -m n *<" > .<* >- •SN~ sfe >s4- >■ > .V <" w"; M S? Vv* t: i sx&a M r x m -V r m£&i i v -V Vri*
      34 words
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  • GENERAL ELECTION '88
    • Article, Illustration
      Goh: Don't gamble with future
      589 3 PEOPLES ACTION PARTY DON T GAMBLE with your future, or your children's future, First Deputy Prime Minister Goh Chok Tong urged voters yesterday. Speaking to an attentive crowd at the People s Action Party's first election rally at Clementi Stadium last night, Mr Goh said
      589 words
    • Article
      Don't be scared off by town councils, says NSP
      317 3 NSP VOTERS should not let introduction of town councils prevent them from voting for the opposition, said Naiional Solidarity Party (NSP) candidates at a Yio Chu Kang rally last night. "The PAP is trying to introduce town councils as a scheme
      317 words
    • Article, Illustration
      Focus on elected president, laws
      525 3 WORKERS' PARTY THE ELECTED PRESIDENCY emerged as an election issue yesterday during a Workers' Party (WP) rally at Fullerton Square. Party chief J B Jeyaretnam got the rally off to a spirited start by challenging the People s Action Party to a debate on the
      525 words
    • Article
      Siew Choh on elected presidency
      432 3 A PAP VICTORY in the elections is no mandate from Singaporeans to go ahead with the elected presidency, veteran opposition politician Dr Lee Siew Choh said last night at a rally in Eunos. Whether the PAP wins the elections or not has nothing to do
      432 words
    • Article, Illustration
      SDP ready to work with neighbouring PAP town council if needed
      518 3 SINGAPORE DEMOCRATIC PARTY THE Singapore Democratic Party is willing to work with a neighbouring PAP town council if that would benefit the people, party chief Chiam See Tong said last night at a rally in Potong Pasir. He accused
      518 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      145 3 r-- y yt. p i*> CERAMICferk WOOD Combines a classic head shape with some exceptional innovations. A high density co-polymer reinforced with ceramic whiskers and crosswoven carbon fibres for maximum impact resistance. IRON Made of investment cast stainless steel, this iron has a full face profile and a slight off-set.
      145 words
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  • ASIA-PACIFIC
    • Article
      Lock icon Burma frees top dissident in face of uprising
      476 4 Reuter, AFP BURMA'S SOCIALIST leaders, retreating before a mass popular uprising, have released the country's most prominent dissident Aung Gyi and 11 others, Rangoon Radio said yesterday. The release followed Wednesday night s announcement by the Socialist Party leader Maung Maung of
      Reuter,; AFP  -  476 words
    • Article
      Lock icon 'Israel tested US-made bombs on Palestinians'
      249 4 AFP ISRAEL tested new weapons and a variety of US-made bombs on Palestinians, Yasser Arafat, the leader of the Palestine Liberation Organisation (PLO), said in the September issue of Playboy magazine. Israeli troops used concussion, phosphorous, cluster and gas bombs in recent Palestinian uprisings
      AFP  -  249 words
    • Article
      Lock icon East Timor governor urges opening of province
      312 4 AFP EAST TIMOR Governor Mario Viegas Carrascalao has called on the Jakarta government to open the province and to give the people of the former Portuguese colony the right to freedom. "We cannot afford to live like the other provinces (in Indonesia), but
      AFP  -  312 words
    • Article, Illustration
      Lock icon Democracy, not Olympics, could spark Korean recession: economist
      371 4 AFP SOUTH KOREA may be headed for inflation and recession, but it is the adjustment to democracy rather than spending on the Olympics that is disrupting the economy, an economist with the ruling Democratic Justice Party (DJP) said yesterday "Many people say
      AFP  -  371 words
    • Article
      Lock icon Marcos asks to return
      208 4 AP FERDINAND MARCOS for the first time formally requested permission to return to the Philippines, and the move triggered panic selling yesterday on the Manila Stock Exchange as traders voiced fears for the government's stability. The former president filed a petition on Wednesday with the anti-corruption
      AP  -  208 words
    • Article
      Lock icon Sultan of Brunei the richest, says Fortune
      151 4 Reuter THE SULTAN of Brunei, with a wealth estimated at US$25 billion, is the world's richest person, according to a 1988 list of big money in Fortune magazine. Despite the sharp fall in oil prices, his oil and gas empire Kept bringing in
      Reuter  -  151 words
    • Article, Illustration
      Japan envisages plane faster than Concorde
      577 4 JAPAN'S powerful Ministry of International Trade and Industry (Miti) wants the country's laggard aircraft industry to blast out of the doldrums with an airliner which can fly over twice as fast as Concorde. But Japanese aircraft makers are wary of the risks involved in
      577 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1004 4 ARRIVALS Operator $«rvic* Local From numbtr time SIA SQU 0040 LAX/NRT UAL UA805 0045 SfO/HKG JAL JL615 0240 TYO GtA GA3127 0410 JED/AUH GtA GA1223 0615 JED/AUH MAS MH640 0820 KUL SiA SQ43 0835 DHA MAS MH651 0910 PEN KAL KE697 0910 SEL/MNL MAS MH630 0920 KUL
      1,004 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      214 4 *nmar ■■i 2»* V" a mM TUNG LOK SHARK S FIN RESTAURANT proudly presents THE IMPERIAL BANQUET OF CHINA A Special Selection of the Man Han Quan Xi 25 Aug 8 Sep 1988 Brought back by popular demand from FANGSHAN FANZHUANG the Imperial Cuisine Restaurant in Beijing. Experience for yourself
      214 words
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      Page 4 Advertisements Column 2
      40 4 m\m\ The buuneis person'* choc# every Tuesday, Thuredoy, Saturday and Sunday Ltaving Chonoi Airport at 22:05 Leav*>g Chongi Airport at 22:05 hours and omvog Heathrow early the following morrwng Col your Travel Agent or A* Conodo ot *****55 AIR CANADA
      40 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      76 4 Doonesbury 8&0RB YOU ALL LBAVB, IV UKBA SHOUJ OF HASPS, PLBASB. HOW MANY OF YOU J THINK YOU COULP F/NP I FRANCS ON A MAP? m Vi mSm, FRANCS* I UH... I I HOUJ ABOUT tSSZ. c VIETNAM* TOUGH 0N8... QK OCBAN* i I 1 ■7 BY GARRY TRUDEAU I
      76 words
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  • REST OF THE WORLD
    • Article, Illustration
      Lock icon British think tank urges increase in taxes
      287 5 Reuter A MAJOR independent think tank has urged British Prime Minister Margaret Thatcher's Conserva-' tive government to raise taxes to cool a consumer spending boom which is helping to widen Britain's trade gap. The government's present strategy of raising interest rates -would dampen
      Reuter; a PUNCH cartoon  -  287 words
    • Article
      Lock icon Investigation into illegal exports to Soviet Union
      207 5 AP 'A TOP US Defence Department official has focused new attention on a French investigation of illegal exports to the Soviet Union by describing the case as rivalling the scandal involving --Japan's Toshiba Corp. Stephen D Bryen, Deputy Undersecretary of Defence for trade
      AP  -  207 words
    • Article
      Lock icon Conference denounces South Africa
      324 5 Reuter EIGHTY-ONE nations have denounced South Africa as the root cause of a humanitarian crisis threatening millions of lives throughout southern Africa. A declaration on Wednesday at the end of a three-day international conference in Oslo called for more urgent aid to the region. But it
      Reuter  -  324 words
    • Article
      Lock icon French trade unions warn of 'autumn of discontent' over pay
      323 5 Reuter LIKE the traffic jams around Paris on the last weekend of August, the sight of trade union leaders lining up to warn of an "autumn of discontent" is a sure sign the French holiday break is coming to an
      Reuter  -  323 words
    • Article
      Lock icon Consumer prices ease in Mexico
      171 5 AP CONSUMER PRICES in Mexico are continuing to ease under a tough government anti-inflation programme, with prices rising only 0.7 per cent in the first half of August, the central bank said on Wednesday. It predicted smaller increases in consumer prices for the remainder of
      AP  -  171 words
    • Article
      Lock icon US rice millers to lodge complaint against Tokyo
      199 5 Reuter AMERICAN rice millers and producers will file a complaint with the Reagan Administration next month against Japan's restrictions on rice imports, an official with the US Rice Millers' Association says. Tom Slayton, director of the Rice Millers' marketing services, said on
      Reuter  -  199 words
    • Article
      Lock icon US rejects foreign criticism of trade bill
      477 5 AFP, UPI US TRADE Representative Clayton Yeutter has rejected overseas criticism of the new trade legislation, saying trading partners who have denounced the package as protectionist "have nothing whatsoever to fear". "What they contend to be protectionist really isn't protectionist, as long as
      AFP,; UPI  -  477 words
    • Article
      Lock icon America moves closer to metric system
      252 5 UPI THE United States will take its biggest step yet towards converting to the metric system because of provisions in the newly signed Trade Reform Act, according to Democrat George Brown of the House of Representatives. "Few people realise that among the many provisions
      UPI  -  252 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      71 5 A 1 A**' uffJmr 0 D -,•> Ml > mil w eV \> o* *»K\ N v»v IL i vC^ V ©*> v c li 3r-fc. t^r^oT v V V •> N« ,\>V i; r*r« '<■ i f•) z 2 pi 3 fc ,-i i V-SSa* 3M fc rf Jiiutuc
      71 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      204 5 ®w Max/ Not* Mln (°C) 20/03 Cloudy 16/12 Cloudy 34/20 Clear 39/30 Clear 33/26 Cloudy 30/23 Ciowdy 29/18 Clear 30/25 Sunny 25/15 Ciowdy 20/10 Clear 31/24 Ciowdy 18/09 Show*rs 21/10 Fin* 18/12 Ciowdy 17/13 Ciowdy 34/23 Cl*or 26/09 Ciowdy 13-02 Fin* 29/17 Rain 29/19 Clear 15/11 Ciowdy 32/21 Fin* 18/10
      204 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon 'Pound's effective index outdated'
      263 6 Reuter THE VIEW that officials are placing increased emphasis on the sterling effective index as compiled by the Bank of England is leading economists to question whether the index is out of date. "It is hard to escape the conclusion that the effective index is no
      Reuter  -  263 words
    • Article
      Lock icon Forex markets
      1620 6 Reuter SINGAPORE: The US dollar closed easier against most major currencies yesterday. Against the Singapore dollar, the US dollar closed easier at 2.0363/69 in erratic trading. It traded within a range of 2.0380 and 2.0365 after opening at 2.0380/90. OCBC The weaker greenback was attrib- uted to profit-taking
      Reuter  -  1,620 words
    • Article
      Asian dollar market
      329 6 ASIAN dollar deposit rates closed little changed from opening levels after trading quietly throughout yesterday. Most operators were keeping a close watch on the Bundesbank regular council meeting later yesterday. which was expected to raise West German interest rates. The market was also looking forward to revised
      329 words
    • Article
      Simex
      492 6 EURODOLLAR futures in Simex closed slightly lower on profit-taking and position adjustments in thin trading ahead of the release later yesterday of revised US second quarter gross national product (GNP) data September Eurodollars eased slightly to 91.27 from Chicago's 91.29 and December to 90.77 against 90.78 with turnover totalling
      492 words
    • Article
      IMM
      276 6 IMM currency futures closed higher in Chicago on Wednesday, near the highs posted late in the session. Contracts set the top end of session ranges when the dollar fell through technical support at 1.8850 marks and triggered sell stop orders in the interbank market. Earlier, dollars sales by both
      276 words
    • Article
      Comex gold/silver futures
      187 6 Gold futures on Aug 24, 1988 100 troy ounces. USS per troy ounce Opon High LAW Son* Aug 433.00 436 00 433.00 434.90 *2.70 s.p 436.10 -2.60 Oct 436 20 440.70 436.30 438 60 2.60 DK 442.30 446.30 ***** 444 40 2.60 Fob 449.00 453.50 449.00 450.60
      187 words
    • Article
      Options
      1484 6 CURRENCY FUTURES OPTIONS Thursday, Aug 25, 1988 DEUTSCHEMARK (SIMEX) Sep M call High Low 50 52 53 671 54 99S 30 55 88 56 57 8 Sell 71 30 12 1 High 11 37 lap 88 pun Lew 3A 11 37 I07A 188 a 263A See 2 13 42
      1,484 words
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  • BANKING AND FINANCE
    • Article
      MAS licence for NCNB Texas National Bank
      326 7 THE NCNB Texas National Bank, which was set up by US's NCNB Corporation last month to take over the troubled First Republicßank Corporation of Dallas, has been granted an offshore banking licence by the Monetary Authority of Singapore. It has taken over the
      326 words
    • Article
      Lock icon Large regional US banks likely to dominate Midwest
      360 7 Reuter A GRADUAL lifting of US interstate banking restrictions will allow large regional banks to strengthen their hold on Midwest banking, analysts said. BancOne Corp of Columbus, Ohio, will be an aggressive buyer, industry analysts and bank executives said. PNC Financial Corp
      Reuter  -  360 words
    • Article
      ECICS reaps first-half surplus of $12.2m
      643 7  -  Best net interim results since 1985 By SOH TIANG KENG EXPORT CREDIT Insurance Corporation of Singapore (ECICS) has raked in a net surplus of $12.2 million for the first half of this year thanks to higher claim recoveries, currency gains and more premiums income.
      643 words
    • Article
      Lock icon Taiwan eases curbs on banks' overseas branches
      172 7 Reuter TAIWAN'S Finance Ministry is relaxing restrictions that prevent local banks from setting up overseas branches. A senior official said the ministry approved an application by state-run Bank of Communications to set up a branch in Silicon Valley, California, and is reviewing similar
      Reuter  -  172 words
    • Article
      Lock icon Japan's banks urge easier convertible bond issue rules
      555 7 Reuter JAPAN'S commercial banks are begging the Finance Ministry to relax its rules on issues of convertible bonds (CB) to help them meet proposed capital adequacy standards, according to banking sources in Tokyo. "We have started to consider such a relaxation, but
      Reuter  -  555 words
    • Article
      Lock icon Commercial loans to Sabah's bumiputras up
      298 7 Bernama COMMERCIAL loans by banks to bumiputras in Sabah grew by 4.3 per cent to Msl.3 billion as at the end of March this year from M 51.26 billion at the end of last year. According to the Sabah Development Bank in its quarterly
      Bernama  -  298 words
    • Article, Illustration
      World interest rates
      188 7 Indicate* the average of the prime lending rate* of 12 mafor banks In S'pore Interbank market rates (offer/bid) on Aug 25 us$ DM SWFC Y«o 7 day* 8 3/16— 1/16 10 7/8 3/4 4 15/16 13/16 J 5/8 3/8 4 5/8 1/2 1 rnt+i 8 3/8 1/4
      188 words
    • Article
      Money markets
      65 7 THE OVERNIGHT rate on the Singapore money market rose point yesterday to end at 5 per cent. One-month rate rose point while the two-month and three-month rose by 1/16 point each. S$ Interbank rates at the close yester day: OFFft WD Overnight 5 4 7/8 1-mom* 4 IS/16
      65 words
    • Article
      Government securities market
      103 7 Treasury bills Period Issue Yesterday's closing Day's code Maturity BIO OFFER HIGH LOW 3 months BQ*****W 24.11 88 4.21 4.16 4.16 4.16 6 months BY*****T 24.11.88 4.21 4.16 1 year BY*****S 20.07.89 4.60 4.55 4.60 4.60 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's
      103 words
    • Article
      OUB walk-in interviews to attract clerical staff
      242 7  -  By DEXTER LEE OVERSEAS UNION Bank is resorting to walk-in interviews to resolve the current shortage of clerical staff, following the footsteps of the Oversea-Chinese Banking Corporation. It advertised in the newspapers yesterday that walk-in interviews for clerical positions will be held at
      242 words
    • Article
      Lock icon Acquisitions unlikely
      84 7 NYT IN A regularly scheduled meeting with stock analysts on Wednesday. Citicorp chairman John Reed said he did not think the bank was likely to undertake any sizable acquisitions in the banking industry this year or next. Citicorp had considered bidding for the Financial Corp of America and
      NYT  -  84 words
    • Article
      Citicorp head cancels visit
      99 7 THE HEAD of Citicorp, the parent company of one of the world's biggest international banks, has cancelled a trip to Singapore. Mr John S Reed, chairman and chief executive officer of the biggest banking company in the US, had scheduled a three-day stopover in Singapore next
      99 words
    • Article
      Lock icon UK net external assets fell last year
      326 7 Reuter UK NET external assets tell 21 per cent last year, a result of the pound's rise, the fall in world stock prices and portfolio disinvestment by UK residents, figures from the Central Statistical Office show. At the end of 1987, UK's external
      Reuter  -  326 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      251 7 C SINGAPORE TOURIST PROMOTION BOARD TENDER NOTICE SELECTION OF CONSULTANT FOR STPBS SPORTS AND EVENTS PROGRAMME The Singapore Tourist Promotion Board (STPB) invites Singapore-based consultancies to apply for the appointment of SPORTS AND EVENTS CONSULTANT The responsibilities of the consultant include the following: 1. Formulate and implement a long-term Strategic
      251 words
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      Page 7 Advertisements Column 2
      223 7 HOME MULTICOVER. m A BLANKET' Are you already paying $200 or more in premiums to protect your home? If you are, Norwich Winterthur Insurance has got a blanket policy that will really cover you because our Home Multicover policies now come with a free Chubb fire safety blanket (worth $80)
      223 words
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  • PERSPECTIVE
    • Article
      Lock icon More than just a bushfire for Bush
      494 8 BUSINESS TIMES FRIDAY, AUGUST 26, 1988 PRESIDENTIAL CANDIDATE George Bush's choice of Senator Dan Quayle as his running mate is turning out to be rather embarrassing. Polls taken in the immediate afterglow of the Republican convention placed the Bush-Quayle team ahead of the
      BUSINESS TIMES FRIDAY, AUGUST 26, 1988  -  494 words
    • Article, Illustration
      The last frontier
      2046 8  -  A gold mine of business opportunities Papua New Guinea is truly the last frontier. There are mountains of gold and copper. There are oil reserves. The seas are full of fish, the forests full of trees, the land fertile. MARGARET THOMAS, who visited the country earlier this
      2,046 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      82 8 Keep a date with Sevvy Ballesteros in "Play Golf the Sevvy Way every Tuesday in BT BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, tennis, bowling, etc.
      82 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      37 8 LUNCH IN THC PPiRK todrv jones SOT UKCLV Ifcpinkly I ,|Y I RQUMD ICUR W £nBPift(?P,SS£D N£rK AS A fYT" 6e.;NG foUgIST S€eJ U> r?;3 .(5^ PbueiST tVtNIWO ST*WO*WD CO LTD (Mt CuTtJ N Oo "TVh .N
      37 words
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  • COMMODITIES
    • Article
      RAS and MRELB
      279 9 RAS prices In S cents/kg, FOB in bal*« 1 NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 248.50 249.50N 249.50 250.50N Int 1 RSS Sep 88 248.50 249.50N 249.50 250.50N Int 1 RSS Oct 251.00 252.00N 252.50 253.50N Int 2 RSS OP 246.00 248.00N 247.00
      279 words
    • Article
      London Markets
      322 9 The Chicago wheat and soybean reports, Bangkok Broken rice, Loonzian rice and Parboiled rice, and the London Commodity Exchange produce quotes have been held over due to pressure on space LCE Buyer/Seller closing prices on Aug 24 (£/tonn« unless specified). Previous closing prices in parenthesis. Raw No 6
      322 words
    • Article
      Rubber
      154 9 SINGAPORE: Rubber prices closed higher with September RSS One bid at 249 50 cents a kg. up two cents from Wednesday's close. On the TSR-20 Award market, trading was thin. September buyer ended at 221.50 cents a kg. up 1.50 cents from Wednesday's finish. MALAYSIA: The rubber market ended
      154 words
    • Article
      SSR and SMR
      78 9 (cants/kg) SEPTEMBER 1988 OCTOBER 1988 (currant month) (forward month) RAS NOON NOON 8uy*r< S*fl*n luy«n Sdltn SS* 30 219.00 221.00N 219.00 221.00N SSR 50 217.00 219.00N 217.00 219.00N MRELB Kuy*n Sdltrt tvyvrs Sdltri SMR CV 389.00 391.00N 391.00 393.00N SMR L 389.00 391 00N 391.00 393.00N SMt
      78 words
    • Article
      KL Tin
      88 9 THE Kuala Lumpur Tin Marfcat rota anothar two cants from Wednesday to doaa at M 519.68 a kg yaatarday. Only 65 tonnes wara tradad at tha closa, down from 92 on Wadnaaday. Tha pramium ovar Europa was narrowad to £20. Tin futuraa closad firmer In Una with a
      88 words
    • Article
      Produce Prices
      161 9 Chinese Produce Exchange Sellers' noon closing prices on Aug 25 (SS/100 kg) Coconut oil Bulk FOB 118.00 Old drum FOB 128.00 New drum FOB 132.00 Copra Mixed (loot*) 68 sellers Pepper Muntok whit* FOB NIW 810.00 Sarawak whit* FOB foq NIW 800.00 Sarawak special block FOB NIW 477.50
      161 words
    • Article
      Precious Metals
      278 9 HONGKONG: Gold closed slightly lower in quiet and slow trading yesterday Bullion ended at US$434 80/435 30 an ounce against an initial U*****.20/60 and compared with New York's close of U*****.50/436 00. On the local market, gold rose HK$l9 to close at HK54.052 a tael. The Krugerrand rose
      278 words
    • Article
      Oil and Products
      96 9 CRUDE levels were more positive as regional trade picked up. Products market largely unchanged, but jet barrels weakened due to lack of outlets for supply. Closing prices for crude (FOB origin) USS/borr*< Chang* Topis (Sap) 14.90 +0.05 Minos (Aug) 14.50 +0.05 Duboi (S*p) 13.12 0.02 W#»t Taxas
      96 words
    • Article
      Palm Oil
      531 9 MALAYSIAN CRUDE PALM OIL FUTURES closed higher on short-cov-ering and some speculative buying, checking a seven-day price slide. Firmer Chicago soyoil futures supported values. But trading was restricted with prices again moving within a tight range as operators remained reluctant to take up large positions. Nov closed Msl3
      531 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      293 9 TttimKOMfiutvi Stou, -.■.p. V.[" rThe Microcomputer Industry Event of the Year August 25-28, 1988 Hall 3, World Trade Centre, Singapore Don't miss the latest and the best under one roof. Let COMTEC '88 help you in your choice of new computers, software, peripherals, accessories or supplies. COMTEC '88 features: More
      293 words
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      Page 9 Advertisements Column 2
      308 9 lAKE PART IN THE SOCIAL WHIRL OF EUROPE AT THE VIENNESE SUMMER NIGHTS BALL Even the busiest calendar should make a date on September 9, for what promises to be the gala event of the year. This magnificent event will be held at The Dynasty Singapore, presided over by the
      308 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      170 10 r. i m m r'fj ■.A i jHSr 0 7 w IN 1987 rr WAS THE WORLD TOURING CAR CHAMPION. (IF YOU'RE QUICK ENOUGH IN 1988, IT COULD BE YOURS.) It's remarkable. A 16 vafve turbo-charged engine. O-IOOkph In 6.5 breathtaking seconds. Recaro seats. Anti-lock brakes. Impeccable handling. Everything you'd
      170 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      49 11 jvik 4 m V I >-r V m safeSs i v The Shangri-La hotel is delighted to welcome the members of the Bolshoi Ballet for their 1988 Gala Performance at Kallang Theatre. After all, in Singapore, where else but the Shangri-La. 0 Shangri-La hotel SINGAPORE A SHANGRI-LA NTONATIOM. HOrtl
      49 words
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  • LEISURE
    • Article, Illustration
      Lock icon Discord over anniversary concert
      722 12 WOODSTOCK AP NEARLY TWO DECADES after the Woodstock rock festival became a symbol around the world of the 1960s upheaval in the United States, the music has been replaced by bickering over a proposed anniversary concert. Promoters are squabbling. Neighbour is pitted against neighbour. And bucolic
      AP  -  722 words
    • Article
      Into the swing of things
      580 13  -  SWING SINGAPORE COUNTDOWN Come tomorrow and it is party time in Orchard Road. But meanwhile, the organisers and entertainers are sweating it out behind the scenes. Paul Khoo reports Paul Khoo FOR THE ENTERTAINERS and organisers behind the huge Swing Singapore party tomorrow, it's been
      580 words
    • Article, Illustration
      In case it rains
      142 13 IN THE EVENT of rain tomorrow. the Swing Singapore party at 9.30pm will be delayed. Safra, the organiser, said yesterday that should a heavy downpour make it impossible to hold the party. it will be postponed to Sunday night from Bpm to 12 midnight. In case
      142 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      285 12 COURyOISIER XO -HUCRC TO ENTEEUIN •W At Meisan Szechuan v 0,. Restaurant (Level 2) From Aug 8 '88 to Aug 31 '88 Celebrate with an imperial feast during the auspicious month of August '88. Ik 4/ Savour suckling pig, shark's fin, sauteed prawns, smoked duck, steamed garoupa, abalone and other
      285 words
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      Page 12 Advertisements Column 2
      137 12 ""I**-. BARBEQUE k N' FASHION SHOW a double pleasure, by the POOLSIDE, food served 7pm 10pm showtime 8.15pm, every Friday. Select from a variety of: salads and dressing, vegetables, meat, seafood and desserts. Not forgetting choice of coffee or tea. $1650~ per adult $10.00 per child under 12 years A
      137 words
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      Page 12 Advertisements Column 3
      200 12 PLUM'S lllllllllilllllfllllll YOUR AUGUST FEAST RICH NONYA FLAVOURS AUGUST 22 SEPTEMBER 4 Discover spicy, flavourful nonya novelties at Hyatt Regency Singapore. Come to Plum's ana let nonya food expert, Christibelle Savage personally prepare "baba" specials just for you. Nonya lunch and dinner buffets Ss2o* HWTQsawana <=?SC; •PKjs 10% service charge
      200 words
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      Page 12 Advertisements Column 4
      174 12 9 Friday. Enjoy! \fter Bpm £et 10% •Xoff everv bottle n Llut 5. Where you'll have happv h A the double. Plaza Hotel 24-hr Coffee (Level 5) Where the service is good, the ambience great, the food simply marvellous! An experience you'll not forget. A choice of local, western or
      174 words
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      Page 12 Advertisements Column 5
      317 12 (1 w 11 t 11 > I 1 mv Produced by special arrangement with Samuel French, Inc. The zaniest. finest and funniest comedy by America's top comic script writer is now in Singapore. "...A master of bright and hilarious dialogue.." New York Post Book your tables early for seats of
      317 words
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  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      638 13 wsasMKHMa @aa33OiDoj) CRYPTIC PUZZLE ACROSS 1 He s no minor (5) 6 Old enough for a bit of duty (5) 9 Support in a case of roof rot, possibly (4. 3) 10 The odd street light! (5) 11 Like the weather in Ayr? (5) 12 Maurice wrote notes (5) 13
      638 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      1336 13 to MB aaisK) Infant mortality, Olympics The Cutting Edge Rock-A-Bye Beby 8.30pm, Chennel 12 The series focuses on the scientists based at the Oxford University the successes, failures and frustrations of their work In today's debut, the 'Cutting Edge' team accompanies bio-engineer Dr Peter Rolfe to the village of Sillgary
      1,336 words
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  • SPORTS
    • Article
      Lock icon Reinstated amateur wins qualifying medal
      383 14 AP TOM McKNIGHT, reinstated as an amateur in 1984 after his pro golf aspirations soured, celebrated his 34th birthday on Wednesday with a four-under-par 66 that earned him the qualifying medal at the 88th US amateur championship in Hot Springs, Virginia. "It's one of the
      AP  -  383 words
    • Article
      Lock icon Crop of new faces at World Series of Golf
      146 14 AP A RECENT STRING of first-time winners on the Professional Golfers' Association tour will give a new look to the US$9OO,OOO World Series of Golf. Familiar figures such as Jack Nicklaus, Ray Floyd. Tom Kite, Fuzzy Zoeller and Andy Bean are
      AP  -  146 words
    • Article
      Lock icon Qualifier gives Jansher tough time
      213 14 Agencies WORLD NO. 1 Jansher Khan of Pakistan had a tougher work-out than expected before advancing to the second round of the New Zealand Open squash tournament in Auckland on Wednesday. Jansher, who arrived in Auckland earlier in the day after a 16-hour flight, was
      Agencies  -  213 words
    • Article
      Lock icon Johnson may train in Japan
      109 14 AFP WORLD 100 m champion Ben Johnson is thinking of leaving for Japan next week to complete his Olympic rebuilding after two shattering defeats in Europe In order to combat the 14hour time difference with South Korea, he said he was thinking of going to
      AFP  -  109 words
    • Article, Illustration
      When fitness should be fun
      833 14  -  tiOMOHKB? BVSUBM with Mike Cashmore THE PHYSICAL ACTIVITY you choose for your fitness programme is important because if it is not appropriate to what you are trying to achieve and it's not intrinsically satisfying, then you will not get results and will not be motivated
      833 words
    • Article, Illustration
      Lock icon Okamoto unhappy with format of tournament
      431 14 UPI DEFENDING CHAMPION Ayako Okamoto of Japan says the format for this week's LPGA world championship is unfair to those pro lady golfers not included in the 16-player field. "It throws the money standings out of kilter,' said Okamoto, who is currently fifth, US$3O,OOO
      UPI  -  431 words
    • Article, Illustration
      Lock icon NY Yankees triumph yet again
      327 14 UPI RICKEY HENDERSON singled off the glove of third baseman Tony Phillips to score Luis Aguayo with two out and conclude a five-run. ninth-inning rally on Wednesday that gave the New York Yankees a 7-6 triumph over the Oakland Athletics in New York. The Yankees
      UPI  -  327 words
    • Article, Illustration
      Lock icon Graf makes short work of Spanish teenager in second-round match
      231 14 AP TOP-RANKED Steffi Graf needed just 44 minutes on Wednesday to defeat unseeded 16-year-old Arantxa Sanchez of Spain 6-2, 6-0 in a second-round match in the US$2OO,OOO United Jersey Bank Classic tournament in New Jersey. Graf advanced to face fellow
      AP  -  231 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      172 14 V 4 1 SINGAPORE BUSINESS gives you the newest trends affecting the economy, analytical features and snappy columns on the stockmarket, trade industry, banking, property, company profiles and personalities. Don't miss a single issue, subscribe today! Just complete and post this coupon. You'll get 12 monthly issues, and a FREE
      172 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon A tale of two stocks
      800 15 w mm™ RMCA By HOCK LOCK SIEW WHICH IS the better buy? Nearly a year after three issues competed at the same time for the investor's dollars, the question is once again being posed and investors must once more choose between two simultaneous share offerings
      By HOCK LOCK SIEW  -  800 words
    • Article
      Lock icon GE Life aims to be biggest in region
      540 15 Bernama THE GREAT Eastern Life Assurance Company Ltd (GE Lite) has set its sights on becoming the greatest life insurance company in South-east Asia. Its principal officer and chief manager of Malaysian operations. Tan Eng Hooi, said in doing so, however, the
      Bernama  -  540 words
    • Article
      LATEST RESULTS
      462 15 ROTHMANS INDUSTRIES Ltd: Group profit after tax and minorities of $24.97m ($23.27m) on turnover of $152.51m ($141.57m) and investment income of $9.31m ($15.04m) for the year ended June 30. 1988. Earnings per share came to 21.8 cents (20.3 cents). Ne' tangible asset backing per share is 140.5 cents
      462 words
    • Article
      SNP proposes one-for-one rights issue to raise $22.8m
      475 15  -  By MAGDALENE NG SINGAPORE NATIONAL Printers Ltd. the first company to seek a listing on Sesdaq, the local secondary stock market, has surprised the market with yet another first. Together with the release of its interim results yesterday. SNP became the first
      475 words
    • Article
      KFC (Singapore) changing name to Inno-Pacific
      198 15 KENTUCKY FRIED Chicken (S) Ltd is proposing to change its name to Inno-Pacific Holdings Ltd to reflect a more diversified nature of its business. Besides its main-stay fast food business under the Kentucky Fried Chicken chain, the group is also involved in international trading,
      198 words
    • Article, Illustration
      Shangri-La expects record earnings
      460 15  -  By KEVIN GWEE SHANGRI-LA Hotel Ltd, constantly rated as one of the best hotels in the world, is heading for record earnings this year The Kuok-controlled hotel group yesterday reported an interim after-tax profit of $19.42 million for the six months ended June 30. giving earnings
      460 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      72 15 This announcement appears as a matter of record only. 1 THE NEW ZEALAND CO-OPERATIVE DAIRY COMPANY LIMITED U5530,000,000 THREE-YEAR SYNDICATED TERM LOAN WITH CURRENCY SWAP Arranged by SINGAPORE INTERNATIONAL MERCHANT BANKERS LIMITED Advised by SCHRODERS AUSTRALIA LIMITED Funds provided by THE LONG-TERM CREDIT BANK OF JAPAN, LIMITED THE MITSUI BANK
      72 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      41 15 Z J&AMV r /PU&/A/& /"££77fi/6,/*/ss&. 36/r /r MA l/£~ 7b <&o /V 77/f M/A/07&S. s 7 I TOL& C/OO'JP 3££/ V CPAU/V/6H77 M/ej cr /£/c£', AMP £SfAZ/Qrj?£> 7& £&f=T£A/ 7Jr'£'k/O&0/SS<£f(> //S# by Martell &ASf 7& A 5 p&rs&vr Aa/0 Aos&vrArr?/£ sAMtr
      41 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article
      APPROVED ISSUES
      17 16 Company RIGHTS ISSUE Raleigh S«v«n-tor-two $1 00 p*f E»-dat« Aug 31 Books do**. S«p U
      17 words
    • Article
      PROPOSED ISSUES
      293 16 Company RIGHTS ISSUE A M D B One-for-four $0.50 per shore C 1 Holdings 27 million loan stocks in the ratio of (3 loan stock for every five ordinary shores held Duta Cons One-for-one $1 10 per shore F N Two-for-five (300 per shore F A C B
      293 words
    • Article
      COMPANY MEETINGS
      166 16 EVERPEACE CORPORATION Berhed: 21st AGM at 20th Floor, Wisma Supreme, Jalan Punchak. ***** Kuala Lumpur, today at 3.30pm. DAYAPI INDUSTRIES (MALAYSIA) Bertwd: 4th AGM at 15th Floor MCB Plaza,6 Changkat Raja Chulan, ***** Kuala Lumpur on Tuesday, Aug 30. at 10am. SINGATRONICS Limited: EGM at Board Room, #0601/06,
      166 words
    • Article
      Unit trusts
      292 16 Managers' prices for Aug 26 Singapore Unit Trust Th* Comm*rc* 099 1 05 Th* Savings Fund 087 093 S'por* Prog Fund 041 045 S'por* Sk Fund 065 0 70* S'por* lnv«« Fund 069 074 S'por* Equity Fund 049 053 Asia Unit Trust Moi Invest hind 140 1 50
      292 words
    • Article, Illustration
      Share prices gain some ground in quiet trading
      710 16  -  by LONG SHIH ROME SHARE PRICES staged a slight upturn yesterday after 11 days of declines but trading was fairly quiet as institutions stayed on the sidelines. A higher overnight Wall Street closing triggered a steady rise in share prices, brokers said,
      710 words
  • Article
    SES SHARE INFORMATION
    5095 16 Gr's Or 1 1 M8 To! Last Dtv Dtv rw Nat Vol Day Last Quota High Low Code Company Sale oc- C'vr P/E ('000) High Low BuyerJ toller SECTION ONfe MOUSTRIAL ft COMMERCIAL 141 95 1000 Acma 121 2 1 ON 2.4 08 504 36 121 120
    5,095 words
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  • SES/KLSE
    • Article, Illustration
      Lock icon Lower liners shine but blue chips lose favour
      3128 17 MBT SHARE prices were generally taken higher in continued quiet trading on the Kuala Lumpur stock market yesterday. On balance, gainers led losers 154 to 25 while 33 counters remained unchanged. But the overall improvement in the market's performance was not reflected
      MBT  -  3,128 words
    • Article, Illustration
      Lock icon KL High Court allows QC to act for George Tan
      360 17 Bernama THE Kuala Lumpur High Court has allowed a Queen's Counsel to act for former Carrian chief George Tan to cross-exam-ine seven Malaysian witnesses. The Malaysian Attor-ney-General. the Bar Council and the Selangor and Federal Territory bar committees did not
      Bernama  -  360 words
    • Article
      DIVIDENDS ANNOUNCED
      536 17 H Ex dot* Books ctooo iS Total tor •to year Total lor. last year A 1 N Rank 13*% III Aug 23 NYA Aug 31 13*% 27% Alex Hldgs 6%<bl Aug 30 Sep 9 Sep 26 6% 6% Rata 8% "I Sep 9 Sep 23 Oct 12 8%
      536 words
    • Article
      BONDS, LOANS & WARRANTS
      420 17 BONDS, LOANS WARRANTS Company Eipiry/ da* Coupon <%> Oman Hup Wrt* 1991 Oty D»» fronds 1994 5% Oty D«y Wrt* 1992 Dunlop Est CULS 1988 8% G Corp CULS 1989 10 H Tol-Pon Wrt* 1992 JC-MPH Loan JC-MPH Wrt* A 1988 1989 9 Komunting Not*! 1994 7 Kontudcy Loan Kentucky
      420 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      55 17 Export Strategies For Industries In Developing Countries EXPORT ORIENTED Revolves on trade policies; export strategies in various industries and the consequences of export-oriented manufacturing production based on detailed case studies in the East and South-East Asia countries. Pnhli*hnl h\: SI P Available at all good bookshops STP Distributors Juronq Port
      55 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Volkswagen set to expand in China with new deal
      282 18 FT VOLKSWAGEN, the West German motor group, is aiming to expand •ts operations in China and the Far East through a new agreement with a Chinese motor concern which could lead to the building of a new factory producing 150.000 cars
      FT  -  282 words
    • Article
      Lock icon Cathay Pacific forecasts strong growth in second half
      307 18 Reuter CATHAY PACIFIC Airways Ltd expects strong growth to continue in the second half of 1988 after reporting a 23.2 per cent net profit increase to HKSI.O2 billion in the first six months. It did not quantify its expectation but said in
      Reuter  -  307 words
    • Article
      Lock icon Honda's first quarter group profits up 24pc
      134 18 Reuter STRONG domestic sales, effective cost-cutting measures and price increases overseas boosted Honda Motor Co Ltd's group operating profits to 42.24 billion yen in the three months ended June 30. 1988, a notional 24.3 per cent rise The notional comparison was made to
      Reuter  -  134 words
    • Article, Illustration
      Lock icon Stocks edge higher
      595 18 Tokyo Reuter SHARE PRICES dosed higher in dull, directionless trade yesterday as an air of uncertainty hanging over the market kept most investors at the sidelines, broke.s said. "Investors are primarily concerned about what comes out of the West German (Bundesbank) meeting, whether they will raise the
      Reuter  -  595 words
    • Article, Illustration
      Lock icon Early gains trimmed
      570 18 Australia Reuter AUSTRALIAN stocks yesterday closed firm but off the day's highs as a lack of follow-through buying in the mining sector trimmed early gains and sparked heavy profit-tak-ing. Brokers said blue chip industrials continued to attract interest, though trading generally lacked enthusiasm At the close of
      Reuter  -  570 words
    • Article, Illustration
      Shares firm up in lacklustre trading
      1433 18 Hongkong SHARE PRICES in Hongkong ended fractionally higher in iacklustre trading yesterday The Hang Seng Index rose 0.57 points to 2.520 86 while the HongKong Index was down 0 68 points at 1.663 24 Brokers said concerns over rising interest rates abroad continued to
      1,433 words
    • Article
      Lock icon Taipei: Slide continues
      459 18 Reuter TAIWAN share prices yesterday rallied before the close after severe drops earlier and on Wednesday The weighted index closed 55 52 points or 0.7 per cent down at 7.979 96. below Wednesday's close of 8.035.48 but substantially higher than yesterday's low of 7,826 68. Turnover dropped
      Reuter  -  459 words
    • Article
      Lock icon Manila: More ground lost
      100 18 Reuter SHARE PRICES in Manila yesterday dipped further as fears over the possible return of deposed president Ferdinand Marcos continued to grip the market, brokers said. "The market is wary about the possibility that Marcos could come back Besides, the local general trend is really downwards."
      Reuter  -  100 words
    • Article
      Lock icon Bangkok: Firmer
      170 18 Reuter THE SECURITIES Exchange of Thailand Index rose 6 13 points to 439.31 yesterday on a turnover of 8,296.027 shares worth 481.79 million baht Reuter AUG 25 BAMT -1- Ao Kham Thai 426 12 Ayudtiya Investment 428 10 Bangkok Agro-lnd 112 6 Bangkok Bank 313 *2 Bank Ot
      Reuter  -  170 words
    • Article
      Lock icon Seoul: Bearish mood
      246 18 Reuter MOST SHARE PRICES in Seoul closed lower for the sixth consecutive session as a bearish mood persisted yesterday. brokers said. The composite index eased 4.28 points to 682.18 on turnover of 139.8 billion won against Wednesday's 136.7 billion. "Investors are mainly concerned about a possible economic
      Reuter  -  246 words
    • Article
      Lock icon New Zealand: Higher close
      111 18 Reuter THE BARCLAYS INDEX was buoyed by a 37-point rise in the Dow Jones Industrial Average but brokers said trading was dull and the market lacked direction yesterday. The Barclays Index rose 18.43 points to 2.049.53. "The market showed an encouraging gain but obviously it is
      Reuter  -  111 words
    • Article
      Lock icon Bombay: Broad recovery
      126 18 Reuter SHARE prices recovered on a broad front, helped by widespread institutional support, brokers said yesterday They said the market opened higher and moved further up on fresh support from all sides. "The uptrend triggered hectic short-cover-ing.' said one broker Brokers said investor demand was selective Most
      Reuter  -  126 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      458 18 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND AGUTLA ORIENTAL SHIPPING PTE. LTD. (Incorporated in the Republic 01 Singapore) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 151 Chin Swee Road #08-05, Manhattan House, Singapore
      458 words
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      Page 18 Advertisements Column 2
      425 18 NOTICE OF FINAL GENERAL MEETING IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF MALAYAN ZURICH INTERNATIONAL (SINGAPORE) PTE. LTD. MEMBERS' VOLUNTARY WINDING-UP NOTICE IS HEREBY GIVEN that a Final General Meeting of the members of the company will be held at the Liquidators Office,
      425 words
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      Page 18 Advertisements Column 3
      509 18 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 315 of 1988 In the Matter of the Companies Act (Chapter 50) and In the Matter of DIVA FASHION PTE LTD ADVERTISEMENT OF PETITION Notice Is hereby given that a Petition for the Winding Up of the
      509 words
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      Page 18 Advertisements Column 4
      391 18 IN THE MATTER OF THE COMPANIES ACT, CAP. M AND UNIEX AGENCIES (ASIA) PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of tho abovenamed company duly convened and held at 50 Jin. Sultan #21-04 Jalau Sultan Centre. Singapore 0719 on 19th day of August 1968 the following
      391 words
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      Page 18 Advertisements Column 5
      0 18 ~[-_/\[!-})<\^')&),%*|]>+:/$_}^
      0 words
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  • WORLD MARKETS
    • Article, Illustration
      Lock icon Blue chips lead rebound
      894 19 New York Reuters BLUE CHIPS, after three losing sessions. made a resounding comeback with a sharply higher finish on Wall Street on Wednesday. However, analysts termed the gains purely technical. pointing out that the accompanying volume remained lacklustre. Futureslinked program buying also helped the rise, they
      Reuters  -  894 words
    • Article, Illustration
      Lock icon Trade news sparks plunge
      1010 19 London Reuter LONDON equity prices plunged yesterday morning after news that Britain's current account was in deficit by £2.15 billion in July, twice as much as expected. At 1050 GMT, the FTSE 100-Share Index was 25.9 points down at 1,793.3 from the 1,816.1 level just before
      Reuter  -  1,010 words
    • Article
      Selected indices
      140 19 HONGKONG Hongkong Index Thursday '663 24 Wednesday 1 663 92 Week ogo 1 696 96 Hang Seng Index Thursday 2.520 06 Wednesday 2.520 29 Week ogo 2.571 41 All Industrials Thursday Wednesdoy Week ogo NEW YORK Dow Jones Wednesday Tuesday Week ogo 2.641 4 2.634 4 2.6157 2.027
      140 words
    • Article
      Lock icon BAT to buy Farmers tor US$5.2b
      84 19 Reuter BAT INDUSTRIES PLC has clinched a deal to buy Farmers Group Inc for US$5 2 billion, or US$75 a share. The merger agreement came shortly before BAT s US$63 a share tender offer was scheduled to expire. The agreement, which remains subject to
      Reuter  -  84 words
    • Article
      Lock icon KIO making second payment on BP shares
      148 19 Reuter THE KUWAIT Investment Office (KIO), the UK investment arm of the Ku- waiti government, is taking up the second instalment due on Aug 30 of 105p a share for its holding of partly paid shares in British Petroleum Co PLC (BP) shares.
      Reuter  -  148 words
    • Article
      Lock icon Post-crash apathy hovers over Wall Street
      742 19 Interest rate fears dampening confidence analysts aiMsa? saua Reuters THE BUYING FRENZY that pushed stocks to record highs a year ago has been replaced by investor apathy. Wall Street analysts say. Confidence remains bruised following the stock market s traumatic dive on Oct 19
      Reuters  -  742 words
    • Article
      Lock icon EUROPEAN MARKETS ROUNDUP
      1649 19 Reuter AMSTERDAM: Share prices on the Amsterdam stock exchange dropped sharply in late trading after the Bundesbank raised its discount rate by 0.5 per cent point to 3.5 per cent, dealers said yesterday. The All-Share Trend Index dropped to 94.4 from 95.5 points shortly after the news
      Reuter  -  1,649 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      380 19 £*o M i COMMERCIAL BANK 03 KOREA. LTD (INCORPORATED IN THE REPUBLIC OF KOREA) CONDENSED BALANCE SHEET AS AT DECEMBER 31. 1987 (US$l W792) CONDENSED BALANCE SHEET Dw. 31,1N7 (In Thouaanda) Cash Due From Banks 1 952.553.203 Loans Discounts 5,519.141.267 CH Loan 50,123,707 Seartes 1,192,627.850 Forwgn Exchange 465.617.966 Customers UaMAeson
      380 words
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  • Article, Illustration
    Mortgagee selling Crasco and Matterhorn buildings
    441 20  -  By ALVIN TAY THE CRASCO Building in Beach Road and the Matterhorn Building in Phillip Street, both owned by Malaysian businessman Yap Chin Kwee. have been put up for sale by mortgagee Hong Leong Finance. The Hong Leong group, which is trying to recover
    441 words
  • Article
    Italian bank to pioneer new papers in Asian dollar market
    321 20  -  By LEONG WEN WAH THE SINGAPORE branch of Banca Nazionale Del Lavoro, the largest Italian bank, has arranged to issue commercial papers under a so-called bull bear Asian commercial paper programme, the first of its kind in the Asian dollar
    321 words
  • Article
    Lock icon Quayle denounces Michael Dukakis as anti-defence
    395 20 NYT US SENATOR Dan Quayle has tried to move beyond what he called "the distractions'' of the controversy over his military record by denouncing presidential candidate Michael Dukakis as "anti-defence". "One of the worst false impressions Mr Dukakis has put forward is the idea
    NYT  -  395 words
  • LATE FILE
    • Article
      Lock icon Mandela may be moved
      63 20 AP A SOUTH AFRICAN minister indicated yesterday that jailed Black leader Nelson Mandela might be moved soon from the hospital where he had been treated for tuberculosis. Information Minister Stoffel van der Merwe declined to say whether Mandela would go back to Pollsmoor Prison, where he
      AP  -  63 words
    • Article
      Lock icon Squabbles ailing Manila's economy
      48 20 AFP THE GOVERNMENT S infighting is slowing down the Philippines' economic recovery, according to Trade Secretary Jose Concepcion. "The politicians must stop being politicians. All of us must look at a national purpose instead of trying to quarrel with each other," he said yesterday.
      AFP  -  48 words
    • Article
      Lock icon Tokyo army asks for bigger budget
      73 20 Reuter JAPAN'S defence agency applied yesterday for a 6.1 per cent rise in defence spending for the next financial year to counter what it called a growing Soviet military threat in East Asia. The agency said worldwide moves to improve East-West ties had no
      Reuter  -  73 words
    • Article
      Lock icon NIC status for KL by 1995?
      70 20 Bernama MALAYSIA is likely to attain the status of a newly-industri-alised country by 1995, according to Professor Fong Chan Onn of Universiti Malaya. Professor Fong, the chairman of the university's division of applied economics, said yesterday the assumption was based on the country's economic
      Bernama  -  70 words
    • Article
      Lock icon Possible attempt on Bhutto's life
      51 20 AFP PAKISTAN'S main opposition leader and a traditional foe of the late president Mohammed Zia ul-Haq has been informed of a possible assassination attempt. Police and party sources in Karachi said yesterday Ms Bhutto. 35. who leads the Pakistan People's Party, had accepted police protection.
      AFP  -  51 words
    • Article
      Lock icon Marcos wants royal title
      36 20 AP OUSTED PRESIDENT Ferdinand Marcos plans to leave Hawaii and move to Austria. The Philippines News Agency reported yesterday Marcos hoped to buy a castle in Austria and obtain a "royal title".
      AP  -  36 words
  • Article
    Lock icon Chatichai presents policy platform to parliament
    259 20 AFP THAI Prime Minister Chatichai Choonhavan presented a policy platform to parliament yesterday emphasising improved relations with the Association of Southeast Asian Nations and neighbouring Indochina. Mr Chatichai, 66, outlined the policies of his government, which took power following general elections on July 24,
    AFP  -  259 words
  • Article
    Leading US company grants S'pore drug firm 'preferred supplier award'
    388 20  -  By ANDREW RAJKUMAR A MAJOR American producer of medical equipment has granted its "preferred supplier award" to Singapore-based West Pharmapack Re Ltd. This is the first time the award has gone to a company outside the US. In a ceremony
    388 words
  • Article
    Lock icon Hongkong's growth rate slowing down
    203 20 UPI, AFP AFTER two consecutive years of double-digit growth, the overall economic growth rate for HongKong is slowing down, and inflation is running at a three-year high, according to a government report yesterday. In its half-yearly economic report the government s economic services branch said
    UPI,; AFP  -  203 words
  • Article
    Lock icon Takeshita begins visit to China
    219 20 UPI JAPANESE Prime Minister Noboru Takeshita began his first official visit to China yesterday and expressed the hope that it would mark a "new starting point" after several years of acrimony between the major powers of East Asia. Mr Takeshita arrived at midafternoon from Tokyo
    UPI  -  219 words
  • Article
    Flexible wage systems
    52 20 THE EMPLOYMENT (Amendment) Act 1988 comes into effect today, providing the legal basis for the introduction of flexible wage systems A Ministry of Labour's statement said yesterday employers and unions should implement flexible wage systems in their companies as soon as possible, if they have not done
    52 words
  • Article
    Lock icon Rangoon orders release of all detained demonstrators
    179 20 Agencies BURMESE authorities have ordered the release of all demonstrators detained during anti-government protests except for those who committed major crimes, Rangoon radio announced Thursday. A total of 1.683 people had been released so far. And within hour*; of being freed, dissident Aung
    Agencies  -  179 words
  • Article
    Details off hospital facelift
    185 20 DETAILS of the $210 million facelift awaiting the 79-year old Tan Tock Seng Hospital were disclosed yesterday by Yeo Cheow Cong. Acting Health Minister. The Grand Old Dame of government hospitals is one of several to be revamped under the Health Ministry s hospital redevelopment and
    185 words
  • Article
    Comex gold and silver
    94 20 COMEX gold futures gave back early gains yesterday to trade unchanged after the US dollar steadied. In a quiet market, the October gold delivery held at Wednesday night s close of US$43B 60 an ounce within a narrow range of U*****.00 to US$43B 00 In overnight
    94 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      108 20 SEIRAFIAN CARPETS PRESENTS THE FINEST IRANIAN HAND-MADE CARPETS EXHIBITION SEIRAFIAN CARPET r OWNERS may bring their Seirafian carpets to have them authenticated with 1/ certificates by I- Mr Mojtaba Seirafian m son of Mr Mohamad Seirafian Mf and first grandson of the late m Haji Agha Reza Seirafian, j who
      108 words
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      Page 20 Advertisements Column 2
      152 20 tvc 7~~~nr i£> w! •J #v—- ~y-^ K^fVJt I Li •-,^y» j&SS&llt i 4 price on its head MONEY That s ail it comes down to. Since the price ot rhinoce»os horn soared to an aii time high of US$lO,OOO a kg iri the last few months, what few rhinos
      152 words
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      Page 20 Advertisements Column 3
      6 20 Burma frees top dissident, PAGE 4
      6 words
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      Page 20 Advertisements Column 4
      108 20 Leader. PAGE 10 EXECUTIVE LUNCHES X uFrom Monday to Friday, you can partake of Derwent Restaurant's Executive Lunches. For the modest amount of $22.50+ you can savour the finest nouvelle cuisines. Spring Carrot Soup with Black Caviar. J j Fillet of Beef W J "Teriyaki" with /Shiitake Mushroom and Quail
      108 words
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  • SHIPPING TIMES
    • Article
      Orient Pacific to launch new service on Sep 25
      429 21  -  By LILIAN ANG ORIENT PACIFIC is to start a new shipping service between East Asia and the Americas. West Africa and the Caribbean islands from Sep 25. Mr Lee Joo Huat, regional manager of Orient Pacific Service said: "This development is
      429 words
    • Article
      Sea-Land, ANL team up to offer Australian service
      199 21 SEA-LAND Services has signed a connecting carrier agreement with Australian National line to provide a container service from North America via Taiwan and Singapore to five Australian ports. Under the arrangement, Australian-bound cargo arriving aboard Sea-Land ships at Taiwan and Singapore will
      199 words
    • PORTSIDES
      • Article
        Consortium denies report
        158 21 THE COMMON Feeder Operation Consortium has denied a report in Shipping Times that the grouping of five in the Singapore-Bangkok trade plans to introduce a congestion surcharge for Bangkok port on Sep 1, one month ahead of the Asia North America Eastbound Rate Agreement. An official of
        158 words
      • Article
        Lock icon Refloat attempt unsuccessful
        107 21 Reuter AN ATTEMPT to refloat the grounded Liberian bulk carrier Star Enterprise in the Orinoco river was unsuccessful. Lloyds Shipping Intelligence Service said The vessel was reported to be partially blocking a channel and obstructing ships going downriver. depending on their size, but traffic is unrestricted as
        Reuter  -  107 words
      • Article
        Lock icon Worst oil spill on Chesapeake Bay
        146 21 UPI AN ESTIMATED 600.000 litres of oil spilled from a barge into the Chesapeake Bay on Wednesday, fouling the US's largest and most productive estuary with an 29 sq metre slick. It was believed to be the worst oil spill on the Chesapeake in
        UPI  -  146 words
    • Article
      Lock icon US court ruling may limit building rights trading
      488 22 Fairplay A US District Court in Washington has just handed down a decision in connection with the status of the so-called "build foreign" rights which could have serious repercussions for a number of operators. It affects both the liner and bulk trades
      Fairplay  -  488 words
    • Article
      Lock icon Itel Corp raises stake in APC to 12.5 per cent
      145 22 NYT THE ITEL Corp, controlled by Samuel Zed. a Chicago real estate executive, has increased its stake in the American President Co, to 12.5 per cent from 11.4 per cent. In a filing with the Securities and Exchange Commission. Itel
      NYT  -  145 words
    • Article
      INDEX TO ADVERTISERS
      1025 22 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI Ahrenkiel liner X Alltrons VM AC Toepler XI American Tpt XI Anro Service IV Arrow lines IX Aston Oceon XI Assoc Camoge XI Arlos line X ANl 1 A PC line V API III ASCI M
      1,025 words
    • Article
      Japanese ship in danger of sinking after collision
      125 22 A JAPANESE grain freighter was taking on water after colliding with a Soviet fishing vessel on Wednesday morning in fog off the southern British Columbia coast, the Canadian Coast Guard said. The Coast Guard said the Panamanian-registered Ocean Fame, operated by Tokyo's
      125 words
    • Article
      SHIPPING EVENTS
      249 22 Aug 24-31 CAD/CAM in Shipbuilding, conference, Leningrad, USSR Sep 6-9 Baltexpo '88, 4th international maritime exhibition, Gdansk, Poland Sep 13-16 3rd International conference on stability and handling of liquid fuels. Institute of Petroleum conference, The Cavendish Conference Centre, 20 Duchess Mews. London Wl. Sep 15-16 Singapore International Bunkering
      249 words
    • Article
      NZ port price to be based on manning level
      259 23  -  By: Kingsley Wood THE PRICE paid for Wellington s commercial port business when the new port company takes over from the harbour board on Oct 1, could be influenced by efforts to make large cuts in the number of workers employed,
      259 words
    • Article
      Lock icon First Iraqi tanker to pass through Strait of Hormuz
      252 23 AFP THE IRAQI tanker Am Zala laden with crude oil became the first such vessel to pass through the strategic Strait of Hormuz since the Gulf war erupted eight years ago. the Iraqi News Agency (INA) reported. The Am Zala left
      AFP  -  252 words
    • Article
      Lock icon Cyprus ship grounded
      63 23 Reuter THE CYPRUS vessel Cape Maleas was grounded at Bancos de Salmedina near Cartagena. Colombia. on Aug 20, Lloyds Shipping Intelligence Service reported The 16,023 tonnes dw ship was en route for Puerto Cabello, Venezuela It is aground from amidships forward for some 50 metres between two
      Reuter  -  63 words
    • Article
      LONDON FREIGHTS
      1322 28 MODERATE grain chartering out of the US Golf was reported to include the Navios Voyager from the Mississippi to L.bson and Rotterdam at a lump sum of U*****.000. shipbrokers said This is said to equate to about $12.47 basis 55 feet stowage and to be slightly easier bearing
      1,322 words
    • Article
      SHIPPING LIST where your ships are due...and when
      7621 28 AARHUS Hamburg Express Toot Aug 27(PK) Ming Promotion Vang Ming Aug 27 Tang He China Ocean Aug 28 E»e» Guest Evergreen Aug 28 B Permai ScanOutcht Aug ?9 Ville de Mercere CM D A*r e tlement Aug 31 Maersk Pans Maersk Line
      7,621 words
    • Article
      SHIPS IN PORT
      1755 28 AT CONVENTIONAL WHARVES Adh«gur*0 Dhormo Be' Peng J6 26 06 1530 706 2300 ill 26 08 1000 27 06 1500 Indro Sokt JI2 26 06 0630 77 06 2300 Vessel Berth Arrival Departure J to long J4 26 08 1230 27 06 1200 Mer.n. j7 e 26
      1,755 words
    • Article
      BUNKER MARKET REPORT
      970 30 THIS FORTNIGHTLY REPORT, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars, instead of single prices tor more comprehensive description of the market Prices shown are based on average sized stem Market movements are indicated The Cockett Bunker Price Index change and the individual
      970 words
    • Article
      BUNKER QUALITY MARKET REPORT
      126 30 This weakly report is prepared by Veritas Petroleum Services, London. The information, minimum and maximum levels, is based on limited samples from motor vessels analysed in its laboratoriee. More comprehensive fuel quality information is posted to participants in the Veritas fuel quality testing programma. Area/Port Viscosity
      126 words
    • Article
      Lock icon Denmark establishes shipping register
      385 32 Danish crew 30pc cheaper Lloyd's List DENMARK has established its own international ship register Unlike the Norwegian International Ship Register, the Danish version is a wholly domestic operation, housed in the premises of the Danish Ship Register and sharing the same director, Arne Raff. Mr Raff
      Lloyd's List  -  385 words
    • Article
      Lock icon Tanker towed to Lisbon
      85 32 Reuter THE LADEN Liberian supertanker Energy Growth is under tow for Lisbon after being immobilised with boiler problems, Lloyds Shipping Intelligence said. The 233,949-dwt vessel was taken in tow on Aug 18 some 126 km southwest of Freetown by the sal- vage tug Wolraad Wottemade. The
      Reuter  -  85 words
    • Article
      Owners opt for Filipino seafarers
      149 32 DANISH shipowners which have switched to the DIS has opted for Filipino seafarers A collective bargaining agreement (CBA) was formalised last week between the Associated Marine Officers and Seamen's Union of the Philippines and the Danish Shipowners Association. Manila Chronicle reported On the selection. Mr
      149 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      668 21 TIMES STP Distributors OOCL Dedicated to C2«c*l'+Y Service JARDINE SHlPfwe AGENCIES 200 Cantonment Road. #12-05 Souttipotm Singapore 0206 Tw *****11 Tetoi RS ***** Facsimile *****09 TERMINAIXFS TX *****19, *****19. *****20 FOR CUSTOMER SERVICE INOUIRIES AMD BOOKINGS TK *****3EV5 PESAKA JAR DINE SMIpOIKO AGENCIES SON IhO PORT KEIANG Til 36*4118 Tale*
      668 words
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      Page 21 Advertisements Column 2
      112 21 QSMDB A US District Court in Washington has just handed down a decision in connection with the status of the so-called "build foreign" rights which could have serious repercussions for a number of operators. Page II THE PRICE paid for Wellington's commercial port business when the new port company takes
      112 words
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      Page 21 Advertisements Column 3
      797 21 TIMES STP Distributors Tim** Put>it%hing Croup MAERSK LINE (Feeder from! Port Malaysia Kelang "hit *Mk M Pani CY 31/8 2300 MRS CFS 31/8 1300 MRS To Europe—UK Scandinavia Finland ANT ROT BRV HAM LEH FXS M PARIS 8812 M ROTTERDAM 8810 ANDERS M 8810 AXEL M 8812 M TOKYO 8814
      797 words
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  • Page 22 Advertisements
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      563 22 Sf Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT HAMBURG EXPRESS LA SEINE LONDON EXPRESS BENALDER BENAVON OSAKA BAY KASUGA MARU HAMBURG BREMERHAVEN ROTTERDAM/I ANTWERP I ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST. DUBLIN. COPENHAGEN. AARHUS, GOTHENBURG, MALMO. HELSINKI, OSLO. AMSTERDAM, CARIBBEAN S AMERICA CONTAINER SERVICE FROM UK/CONTINENT CALLING AT (KKOBE
      563 words
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      Page 22 Advertisements Column 2
      17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
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      Page 22 Advertisements Column 3
      588 22 APPOINTMENT Required for Shipping Line Remuneration to be negotiated but on basic plus incentive basis. Please apply to: Business Times Box No. 5396 390 Kim Seng Road Singapore 0923 "J POLISH OCEAN LINES'-- Shippi e Te'ei RS ***** Petalmg Jaya 756?»3 7575W3 fn *****51 Penang W5245 RUHLANO iM GROTE*OMI 2im
      588 words
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      Page 22 Advertisements Column 4
      80 22 EE3 C S A V Corrpjmj Sud Americanj do Vjpcrcs S > l irr ma TO/FROM CHILE feeder VESSEL CSAV 1 CSAV 2 CSAV 3 SPO«E JS w ■OTHER VESSEL m TOKO ARtCA tQQ ANTOfVALP SAI VUAT VMB lin Jiu 11/11 CAB CAM ICR (1) 2M 3*lo- *11 LAJA V
      80 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      1150 23 The Straits Steamship Group Mansfield Container Shipping Re Ltd P&O Containers CONTAINERSHIP SERVICE TO UK/COmifCNF) STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok HAMUDC EXPRESS LA SEINE LONDON EXPRESS SENALDER KNAVON OSAKA MY KASUGA MARU Aljo Accepting Cargo Fof: I C—lw». AarlHM, ReMeitM to Antwerp, MnUiiw im un
      1,150 words
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      Page 23 Advertisements Column 2
      940 23 3 —5 April 1989 Raffles City Convention Centre, Singapore SingaFort'B9 THE FIRST OF ITS KIND IN SINGAPORE. A MAJOR INTERNATIONAL GATHERING FOR THE GLOBAL MARITIME COMMUNITY. A PRESTIGIOUS EVENT NOT TO BE MISSED. Theme for 89: The Super-port I n this era of the super-bank and the super-computer, the super-port
      940 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      580 24 IHSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN EKRAM IRAN BAYAN IRANIAN SERVICE Singapore 2 n In Port Loading for:BANOAR ABBAS BANDAR ABBAS KYOWA LINE PNC/8. PACIFIC SERVICE Singapore Loading for: k 1/10 LAE. PMB. HRA MICRONESIA SERVICE OCEANIA EXPRESS V-19 27/8 OCEANIA EXPRESS V-20 13/9 YOKi
      580 words
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      Page 24 Advertisements Column 2
      862 24 JtC&.LINE it if* smrfiM "i* r FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ 1 Member of the Ace Consortium ACE CONCORD ICW ORIENTAL CHIEF 61W TAMASHIN MARU WW TRANSWORLO BRIDGE 44W NEPTUNE DIAMOND 77W NEPTUNE CRYSTAL 47W CHINA CONTAINER 47W OAK SEA nn •FDR/MOTHER VESSEL *SP TMARU (0/461/HANJIN KWANCYANC 4SE
      862 words
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      Page 24 Advertisements Column 3
      125 24 FREIGHT LINKS EXPRESS y PTE LTD DIRECT SERVICE TO BOMBAY KARACHI: ETA 1/9 8. 20/9 AFGHANISTAN NEW SERVICE KABUL/HAIRATAN/TORGHUNDI 1/9 20/< AUSTRALIA/ NEW ZEALAND BANGKOK HONG KONG KOBE MANILA TOKYO/YOKOHAMA KEEIUNG /KAOHSJUNG SUSAN JAKARTA NEW CALEDONIA ft FIJI ISLANDS INDIA STEAMSHIP FORTNIGHTLY EXPRESS CONTAINER SERVICE TO SRI LANKA INDIA BANGLADESH
      125 words
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      Page 24 Advertisements Column 4
      1142 24 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GATHER 30/1 Iff 5/9 (/9 1/9 12/9 IV EVER GOVERN 5/9 9/9 11/9 12/9 14/9 17/9 11/ EVER GARDEN Ui> ISA 1H 1H q) EVER GROWTH 17/9 20/9 22/9 24/9 2W EVER GRAND 24/9 27/9 29/9 30/9 1/10 7/10 10/ ALSO
      1,142 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      582 25 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE VESSEL SEA HAWK MAJAPAHIT SEA HAWK SEA HAWK QOWA VESSEL KOTA MELATI MAJAPAHIT KOTA MELATI SM IN FT 20* 31* 27/ a i* s* 4* 7*
      582 words
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      Page 25 Advertisements Column 2
      282 25 CO S CG CHINA OCEAN SHIPPING COMPANY roc cowYPmowAt wavicg KK PGO P Kl( Penanj Loading for 30/t RotttrcUm, Antwerp Pklf Sport Bkk Hkf S ha, Q.ngrtao E CHENG m m m mt w ait Acm«m( FCL Carfo lor *11 othor Chincta porta mUTMA/JAfAW FULL COWTAWII MIVKI Pktf Sport Bartffco*
      282 words
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      Page 25 Advertisements Column 3
      531 25 \r% BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT iv» on un im nn wi an an im tm nn tm an an on an an tm va iia vm via WW 110 Ift M I*lo IiTO WM 12.10 14/11 14/ M vi/io lfcM 1110 un» Mno IVM 14/10 IHO
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      Page 25 Advertisements Column 4
      523 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOY EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE vsl/voy SAIWIJAYA/24W8 OCEAN PRIMA/11WB KUTAI/ISWB Sub feci to Inducement. Also accepting cargo to Casablanca Ron Said. Port Alexandria, Genoa, Trieste ALSO ACCEPTING BOTH CONTAINERS CONVENTIONAL
      523 words
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      Page 25 Advertisements Column 5
      371 25 BOUSTEAD SHIPPING AGENCIES PAGAN VI3IW PA-AN vim HAKA V34t BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S pore P.Kelang Penang Bangkok BANK LINE semi-container service HLAVY LITT CAPABIi ITY IVYBANK V22N TAUSALA SAMOA VI3N MORAYBANK V6N SPORE ROAM HULL HMBG 9/9 t/10 15/10 12/10 4/10 31/10
      371 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      894 26 D KAWASAKI KISEN KAISHA, LTD. Klini NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP N. AMERICA-ATLANTIC COAST VOY *INDO 16 28/8 •PK/PNG SGP N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP FEEDER VESSEL NEPTUNE CRYSTAL CHINA CONTAINER HONGKONG CONTAII KOREAN JACEWON ■export ACE CONCORD
      894 words
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      Page 26 Advertisements Column 2
      771 26 TULSIDAS V.37 KALIDAS V 39 TULSiDAS V 38 KALIDAS V.40 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Singapore Ktlang Ponang Loading tor Moitier Vsl Br t*a* Br Feeder *31 15 Sept 8 Scot 8 S«o« Fr«m?*Mb s»dn A 39 8 Oct 1 Oct 1 Oct Fre«nMelb/S»d«,A v M 3 Ho»
      771 words
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      Page 26 Advertisements Column 3
      649 26 GOLDEN LINE GUAN GUAN SHIPPING (PTI) LID 23. Telok Aycf Street SINGAPORE 0104 TEL 5343 M (10 LINES) Fu 5J***** STRAITS/PERSIAN GULF SERVICE: Spore GOLDEN BEAR CokxnboiKarachi Dub* M Sept GOLDEN HARVEST Colombo Karachi Dubai 21/29 Sept CHINA SERVICE BAI YUN SHAN Shanghai HsinKang 5,6 Sept A VESSEL Huangpu Shanghai
      649 words
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      Page 26 Advertisements Column 4
      447 26 I® PHIU-Oni€NT LIN£S Pff LTD H£AO OFFICE 63 POIINSON ROAD *07 12 AFRO ASIA BUILDING, SINGAPORE 0106 TELEX RS ***** PHILI FA* *****76 VESSEL EAST/FAI EAST FCI ft LB. SBtVIK I ETA SINGAPORE I DESTINATION JEDDAH (LCL) TBN NEW GENLORD 3i/i, 2/i. in H KONG. KOBE. TOKYO. KEELUNC. KAONSIUNC. MANILA.
      447 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      936 27 \\NEPTUNE ORIENT LINES LTD 527 IZZ J.Bahru NEPLINE SON. BHD. 23 to E^PE^TJviA^Ezffrw^i sa,ltf 4 ~r:r AC NEPTUNE AGENCIES PTE LTD. Ft EUAUST T PA/SEA General Enquiries: Tel: *****77 Terminal CFS BOOKINGS *****53 *****42 *****22 *****53 27*119 *****16 *****11 *****48 NEPLINE SON BHD *****87 iTK!^ 1 3KS£ iirDi liir cnu
      936 words
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      Page 27 Advertisements Column 2
      485 27 DONA* HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: KELANG, PENANG, KEELUNG. BUSAN, INCHON STRAITS/KOREA SERVICE WEF JUNE 1) BUSAN SINGAPORE 2) SINGAPORE/ KEELUNG 10 DAYS SERVICE SERVICE!! Vessel s Name ETO BS S PORE PKELANG KEE BUSAN MOJI No 9 Doojm JO7N 11/01 24 28 08 28 2S
      485 words
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      Page 27 Advertisements Column 3
      746 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANG P. KELANG MESSRS HAI THONG SHIPPING 127 Penang Street. Penang. Malaysia M S HANDLING SYSTEM CO
      746 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      214 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. Ttl 225 6868 (30 Lmesi fAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAO DSR-LINES VEB DEUTFRACHT SEEREEDEREI ROSTOCK < INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE -Vl* UWNACA ACCEPTING CAKO FOB LIMASSOL BEIRUT.
      214 words
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      Page 28 Advertisements Column 2
      52 28 ©SHOFUKU LINE WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL fgl COMPAGNIE MAL CACHE DE NAVIGATION (Madagascar National Shipping lina) INDIAN OCEAN/AFRICA REGULAR SEMI-CONTAINERISED SERVICE HINOOE KISEN CO. LTD. SPECIALISED HEAVY LIFTERS AVAILABLE MIDDLE EAST REGULAR LINER VESSEL KASUGA LOADING FOR Muscat. Dubai, Bahrain Kuwait, Doha SINGAPORE SHIPPING CORPN (PTE) LTO
      52 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      477 29 f REGULAR EXPRESSFCL& LCL SERVICE DESTINATION ETA SINGAPORE ABC CONTAINERLINE N.V. TO AUSTRALIA/NEW ZEALAND 18 DAYS TO SYDNEY! TO USA/CANADA Also accepting cargo to USA Houston. Savannah. Tampa. Jacksonville. Wilmington (Del) Norfolk. Baltimore. New York. Boston CANADA Montreal. Toronto. St. John FROM USA/CANADA/EUROPE/MEDITERRANEAN FARGO SHIPPING COMPANY (PTE.) LTD. 15. HOE
      477 words
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      Page 29 Advertisements Column 2
      359 29 CSP SHIPPING AGENCIES PTE. LTD. T®l: *****66 (16 Line.) Fn 222*761 1 ILA S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore .E/OSAKA to USA (ALL PORTS) (LCL)
      359 words
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      Page 29 Advertisements Column 3
      649 29 < cps > CRYSTAL FREIGHT SERVICES BEST RATES EVER LOS ANGELES ETD SIN: 8/9/88 WEEKLY CONSOL SERVICES FAR EAST BUSAN 30/8/88 BANGKOK 4/9/88 HONG KONG 3/9/88 KEE/KAOH 6/9/88 SRI LANKA COLOMBO 4/9/88 AUSTRALIA MELBOURNE/SYDNEY 31/8/88 CALL BOOKING HOTLINE FOR BEST RATES 2233 9 2 2 TEL *****88 TELEX ***** CFStN
      649 words
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      Page 29 Advertisements Column 4
      139 29 Tatsumi Marine DIRECT SAILING TO PAPUA NEW GUINEA (ACCEPTING BREAKBULK) Direct call to other ports sub/ect to inducement (also accepting transhipment cargo: OROBA Y. MADANG. KIETA. WEWAK KIMBE. RABUAL via LAE) S'PORE: NEPTUNE AGENCIES PTE. LTD Tel: *****77, *****34, *****71 REP. OfFICL Til MARINE SERVICES PTE. LTD. (STORE) TEL MU2
      139 words
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      Page 29 Advertisements Column 5
      241 29 TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX* *****90 IRAQI LINE IRAQI STATE ENTERPRISE FOR MARITIME TRANSPORT EAST BOUND SERVICE ETA S PORE LOADING FOR MV SINDBAD 29/8 japan WEST BOUND SERVICE ETA S PORE LOADING FOR MV ALWASITTI 27/8 Jeddah, Aqaba Baghdad THROUGH Bit to BAGHDAD
      241 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      570 30 m FINE-LINER SHIPPING PTE LTD /O Shenton Wiy 04 0?C Mirinj House S pore 070/ TEL ??S90;; (8 Lines) TLX RS ??W1 FLINER FAX ?.'S;BS6 EUROPE SERVICE lin. -m-v iIIHIM TTrn MI 11~ I'.l. H". fTTTTJ .12 I°* I HA |W» inn I UM I VU VlO I 7'lo FAR
      570 words
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      Page 30 Advertisements Column 2
      759 30 11l l/ll ZIM Carribtaan.Eatt Canada. HAITI Cotta Riu El Salvador. Guatemala. Honduras Venezuela Peru Ecuador. Colombia via Miami Trinidad. Barfeadot Antigua. St. Lucia. Hontaarrat. Guayana via Kingston 3233 zebus M IBERIA IN TOKYO IN MONTREAL IN GENOA IN HAIFA IN SINGAPORE IN YOKOHAMA IN MELBOURNE AUSTRALIA CONTAINER SERVICE ZIM KOPtR
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      Page 30 Advertisements Column 3
      280 30 Everett Lines rmrr mm* •Ui LOADING FOR CALLAO. MATARANI, ILO* AND ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Peninf* P Kelanf* Singapore HUGHEVERETT 2930 Aug MANOLOEVERETT 23/24 Sep.. JOHNEVERETT 23/24 Sep ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE LOADING FOR YOKOHAMA.
      280 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      474 31 INTERCONTINENTAL LINES WEEKLY FCL/LCL GROUPAGE FROM SINGAPORE PORT KELANG PENANG SfcAM. RTM, L HAVRE. ANT. GENOA. ARAHUS. STOCKHOLM, HEL. GOTBG. MARSEILLES. OLSO I ALL INLAND DESTINATIONS POINTS. SEABRDI6E FAR EAST. VIETNAM CHINA SERVICES WEEKLY FCL/LCL GROUPAGE FROM SINGAPORE PORT KELANG PENANG BKK, JKT, HKG, TWN, HCM CITY. MNLA, BUSAN, JPN,
      474 words
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      Page 31 Advertisements Column 2
      274 31 Consolidation Service NEW CALEDONIA TAHITI SIN 3/9 NOUMEA 5/10 PAPEETE 7/10 MAURITIUS REUNION ISLAND SIN 29/8, 30/8 PORT LOUIS 10/9 REUNION 13/9 FRANCE SIN 30/8 MARSEILLE 16/9 LE HAVRE 23/9 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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      Page 31 Advertisements Column 3
      478 31 IH SING KWANG HANG TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST 1 LCL/FCL SERVICE DESTINATION BANGKOK PORT KELANG HONG KONG. CHINA PORTS KEELUNG. KAOHSIUNG MANILA BUSAN KOBE. TOKYO SYDNEY, MELBOURNE. ADELAIDE. BRISBANE ETA S PORE 10/9. 14/9 29/8 28/8, 3/9 28/8. 4/9 28/8, 5/9 1/9. 8/9 29/8. 6/9 14/9.
      478 words
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      Page 31 Advertisements Column 4
      538 31 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* G/SELATAN IXV-74 C/SELATAN VIII V S3 C/SELATAN VI V-O C/SELATAN IX V-7C Hfl 7/1 10/* 30/1 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON REGULAR LINER SERVICE
      538 words
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      Page 31 Advertisements Column 5
      341 31 PTC CONTAINER LINES FCL/ICL SERVICE PTC GROUP C/CJ CARGO IN CONTAINER CO LTD FULLY CONTAINERISED/RO-RO VESSEL 8/9 HAIRATAN/KABUL/TOURGHUNDI General Agentv POH TIONG CHOON SHIPPING (PTE) LTD TEL: *****66 FAX *****41 TLX: R*****6 (MEMBER OF THE PRESS GROOP) WEEKLY CONSOL SERVICE LCL/FCL U.S.A. (East West Coast all inland points) UK/EUROPE Continents
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      387 32 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines, TLX RS ***** RS ***** V 1 \S I I K\ \K I IM K. III). STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS Senboku Tokyo 'Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN CHINESE
      387 words
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      Page 32 Advertisements Column 2
      248 32 FOR reliable and fast transit WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES VSI Spore UM»vf» Cawmtim VSL WamMlkbile B KRMAI V2S 2*l ISA STUTTGART EXP New Orleans. .3? 25 WJSSfLDOf FUf Houston/Me i ico KORRI6AN \nu un TW NUERNBERG EXP VeriCruz. Alto serving Halifax. Toronto. New York,
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      Page 32 Advertisements Column 3
      119 32 ULTIMATE FREIGHT SERVICES PTE LTD Tel: *****11 Tlx: ***** Fax: *****92 Weekly LCL acceptance to AUSTRALIA alt ports NZ all ports HK BANGKOK EUROPE USA all ports mcldg China tncldg Laos all major ports Seattle, Portland, LA. SFO major ports Edmonton, Calgary. VCR Winnipeg, Saskatoon, TRT Montreal, Ottawa TOKO LINE
      119 words
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      Page 32 Advertisements Column 4
      732 32 CALL US AT: P. KELANG PENANG J J BAHRU P GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3. *****5. *****0, *****1 02-*****22 *****68 wmmm WEEKLY FAR EAST/EUROPE CONTAINER SERVICE REGULAR FAR EAST/MEDITERRANEAN CONTAINER SERVICE WEEKLY STRAITS/ TAIWAN/ JAPAN CONTAINER SERVICE TO AND FROM TAIWAN, JAPAN VSL SINGAPORE I P
      732 words
  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      168 32 r A Regional Weather m Km i N r 4 r L r> a M -SS ti s Sf M Ar 1 m m i £S v SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. August 26, 1983 LEGEND R Thunderstorm Temperature c Shower Weother Wind direction with speed in
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