The Business Times, 14 June 1989

Microfilm: NL16652
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 WEDNESDAY, JUNE 14, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    275 1 Dow Jones down SHARE PRICES in New York moved broadly lower in early trading yesterday, as the stock market failed to build on the rebound that developed on Monday. The Dow Jones average of 30 industrials fell 16.41 points to 2.502.43 by 1430 GMT. one hour into
    275 words
  • Article, Illustration
    Lock icon Sterling hits five-year low as US$ continues to rise
    246 1 THE BRITISH POUND has fallen below the Ss3 level for the first time in about five years as the US dollar continued its rise on the world's financial markets. Yesterday, sterling ended trading here at 552.9966, after hovering just above Ss3
    Source: Telerate  -  246 words
  • Article, Illustration
    Singapore market bucks regional trend
    269 1 SHARE PRICES in Singapore closed higher as late afternoon buying into selected stocks breathed some life into the market. Elsewhere in the region, Tokyo, Hongkong and Australian markets fell. The Straits Times Industrials Index rose 7.36 points to 1,283.84 in active trading. Institutional buying and
    269 words
  • Article
    Hoechst eyes S'pore for $100 m plant
    519 1  -  TAIWAN, THAILAND ALSO IN RUNNING FOR INDUSTRIAL-FIBRE PROJECT By GENEVIEVE CUA SINGAPORE is one of three countries which West German chemical giant Hoechst is eyeing as a site for its first industrialfibres plant in Asia. Thailand and Taiwan are also in the running
    519 words
  • Article
    Higher value-added expected for chemical industry
    349 1 NEW HIGH-TECH investments pumped into the chemical industry in the past six to eight months are expected to lift considerably the industry's val-ue-added contribution per worker, itself having risen by 400 per cent over the past 10 years. Fixed capital investment per worker is
    349 words
  • Article
    Lock icon Canada endorses loan to build Thai transit system
    140 1 AFP CANADA has endorsed a US$663 million loan to a Canadian company to build an elevated mass transit system in Bangkok aimed at easing traffic congestion A Canadian Embassy official in Bangkok said on Monday that the loan offer had been formally
    AFP  -  140 words
  • Article
    Bids for Tanglin site throw up some surprises
    580 1  -  By SUZANNE SOH THE DETAILS of the bids for the Singapore Tourist Promotion Board s Tanglin site yesterday caused a stir in the industry. Most surprising was the wide gap between the highest and lowest bids for the 1.35 hectare (13,500 sq
    580 words
  • Article
    Lock icon Manhunt for 21 student leaders
    528 1 Jf The China question i Agencies THE CHINESE authorities yesterday warned protesters that they risked being shot if they demonstrated again. Authorities ordered borders sealed against a possible escape attempt by two leading dissidents believed to be sheltering in the US Embassy in Beijing and
    Agencies  -  528 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      230 1 Bally men make it to the top BALLY IMELUANI #01-18 Irtemaftonai oo*>ng (Next to Lido T>walr«) Tat 73VbM2 #02-555&58 WismaAma T« *****26 #02 23 Plaza Stngapura T«» *****29 state Richard Ellis Real Estate Rich* Ellis Real Estate Richard Ellis Reai E state Richard Ellis Real Estate Rich< Ellis Real Estate
      230 words
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      Page 1 Advertisements Column 2
      241 1 Full report, PAGE 18 Regional mkts, PAGE 20 World mkts, PAGE 21 BACK PAGE 'HK for faster reforms In facs of China's turmoil' China talis world It Is still a graat place for business Soviet Union on skte of Chinese authorities Editorial Comment: 12 Solidarity with the people's choice Intraco
      241 words
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      Page 1 Advertisements Column 3
      10 1 KLCE to introduce price premium for tin delivered In S'pore,
      10 words
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      Page 1 Advertisements Column 4
      192 1 Baity men make it to the top MELWANI »01-18 lnn>m»orialßu«*ngiNei<tlol«loThea»e| Tel *****42 »Q2-55/5&58 WsmaAfna Tei *****25 #02 23 Plaza Sngapura Te. *****29 FIRST WE SET il:»l HOW WE'VE RAISED IT Built-in retractable 77 L Autoflash. A lit of (Kits with spotbeam AF assistor in low-light. I 4000 sec, shutter speed.
      192 words
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  • HOME NEWS
    • Article, Illustration
      'Help Asean become NIE grouping'
      575 2 Chok Tong tells Japanese of large potential market JAPAN should help Asean exploit its potential to become the world's first regional grouping of newly-industrialising economies, First Deputy Prime Minister Goh Chok Tong urged Japanese parliamentarians yesterday. Speaking at the Singapore Embassy in Tokyo to 17
      575 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      234 2 AMERICAN EXPRESS International Inc has promoted NORMAN YEOW to manager, travel management services (sales marketing) and PAUL UM to manager, business travel operations and key accounts. Mr Yeow will be responsible for marketing leisure travel business to card-members and corporate clients. He will also manage a number
      234 words
    • Article
      N England team here to woo Singapore investors
      317 2 LOCAL manufacturers grappling with labour problem would find a ready supply of skilled workers in the north of England if they invested there. Investors would also benefit from the financial assistance programmes offered by the British authorities, said Mike Robinson, marketing manager
      317 words
    • Article
      Talking about rot and rust
      89 2 CONCRETE and corrosion talk of these and more will fill a hotel function room for three days from j today with the opening of a Japan-Asean seminar on corrosion. Experts from Singapore. Brunei and Japan will discuss significant findings of corrosion projects conducted under the
      89 words
    • Article
      MEMO PAD
      520 3 ■■rj J Cahners Tel: *****13 Seminars and f V M T C Exposition Tlx: RS ***** J I Courses I VFax *****66 I— Jun 15-16 Finance For Non-Financial Hilton Hotel Avont-Garde Training Associates *****33 jun 14-17 I Managers Designing and Implementing a New Performance Appraisal RGA Training Centre
      520 words
    • Article
      Robert Orr praises Singapore's open economy
      248 3 SINGAPORE has been r praised in the US Senate c by ambassador-designate Robert Orr for having one of the most open and barri-er-free economies In the < world. If confirmed, he said, he will help US companies to i mount "more aggressive export sales"
      248 words
    • Article
      Challenges facing business leaders in the year 2000
      321 3  -  FOREIGN COMPETITION EXPECTED TO INTENSIFY By TAN KEE WEE STIFFER foreign competition, the rapid growth of multi-industry companies, and shifts in political and economic power will be some of the most critical differences between the business environment of today and the year
      321 words
    • Article
      Exhibition to focus on eyes
      197 3 ABOUT 150 MANUFACTURERS and suppliers are expected to participate in Optic Asia '89, an international exhibition on equipment. products and supplies for optometry and opthalmology. To be held at the World Trade Centre from June 22 to 25. the exhibition will also feature contact lenses
      197 words
    • Article
      McDonald's opening two more outlets in Orchard Road area
      249 3 THE GOLDEN ARCHES of McDonald's will be coming up next at the Wisma Atria and Forum Galleria shopping centres, bringing to six the number of McDonald s outlets in the prime Orchard Road belt. Fast-food business is expected to continue growing
      249 words
    • Article
      JTC setting up gallery to record its history
      145 3 JURONG TOWN Corporation wilt set up a gallery to record its achievements and role in Singapore's industrialisation over the years. Called the Jurong Town Corporation Gallery, it will cost $500,000 to set up. A JTC spokesman said that it will also be
      145 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      286 2 EC-Asean Seminar on Joint Venture Management and Industrial Cooperation Limited places available on this sponsored programme ■ui i ,v \4r Under the sponsorship of the Commission of the European Communities, the Euro-Asia Centre of the international business schooI,!NSEAD, will be conducting a three-week residential seminar on Joint Venture Management and
      286 words
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      Page 2 Advertisements Column 2
      58 2 WORLDWIDE EXPRESS Promptpick-up and delivery 24 hours a day la collection VanCleef&Arpds Paris m 1 SPORT "2 Authorised dealers onv c actprn WATCH PTE LTD Tel *****39. *****35 r>FI UXE EASTERN WATCH PTE LTD Tel *****36/*****83 CORTINA WATCH CTR PTE T el *****85_ 23W271 NANKING WATCH DEALERS Tel *****04/*****58 .Watches
      58 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      178 2 z//r± V//// Adelaide Amsterdom Max/ Not* Mln CO 12/07 Hoi. 25/14 Clear 30/16 Clowdy 18/16 Cloudy 34/27 Qoor 32/26 Fair 30/25 Cloudy 29/26 Hno 30/22 Sunny 20/14 Cloudy 25/10 Clear 30/25 Cloudy 18/14 O'cosi 22/12 Fine 26/10 Cleoi 24/13 Qeai 15/06 Cleoi 32/20 Cleai 20/10 Cloud] 13/-2 Bn. 26/19 Roll
      178 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      100 3 OVER 55 YEARS OF DISTINCTIVE TAILORING COLLAR Top-quality Irish linen for collar backing to ensure softness for comfort and retention of shape. SHOULDERS Perfectly-shaped shoulders which are lightweight and flexible Quality is ensured by the careful pressing of cotton wool between two layers of felt. INTER-LINING Traditionally hand-stitched body interlining
      100 words
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      Page 3 Advertisements Column 2
      369 3 0 Tired of DOS? Come to Mac World Expo Asia '89 v and Win a Macintosh! Faln.kn.sly successful and popular in the USA, Europe and Australia, a Mac World Expo is a show for everything that runs on. is run by, or helps you get more out ol an Apple
      369 words
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  • ASIA-PACIFIC
    • Article
      Lock icon Bank Negara projects 8pc growth for Malaysia
      391 4 Bernama MALAYSIA can expect a buoyant economic outlook with a projected 8 per cent growth this year, after a peak growth of 8.1 per cent last year. Bank Negara Deputy Governor Datuk Dr Lin See Yan said. He projected a 7.1 per cent
      Bernama  -  391 words
    • Article
      Lock icon Lange hits at French funding of Fijian base
      183 4 AFP NEW ZEALAND Prime Minister David Lange expressed concern yesterday at the emergence of "chequebook diplomacy" in the South Pacific, following reports that France plans to fund a naval base in Fiji. Michel Rocard will be the first French Prime Minister to
      AFP  -  183 words
    • Article
      Lock icon Increase US military aid for non-communist Cambodians, Congressman Solarz urges
      328 4 AP AMERICAN military aid to non-com-munist factions in Cambodia should be increased from the US$7 million now planned to as much as US$3O million to help prevent the return to power of the Khmer Rouge, Congressman Stephen Solarz said on
      AP  -  328 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      960 4 ARRIVALS DEPARTURES Operator S*rvic* Local From number tlmo Operator Service Local For number time S1A SIA SWAZI Alt SIA MAS KAL MAS MAS SIA CPA MAS GiA SIA ItA OA SAS UftA SIA GtA THA SIA TtY GtA SIA GiA MAS GIA SAt SIA CAi SIA SIA
      960 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      276 4 GOOD IDEAS KEEP COMING UP "Voted' 'Best Buy 2 years in a row !i. A :'zA i What to Buy Jor Business Only a very good copier can be so honoured by the prestigious US business publication. What to Buy for Business. To win 2 years running, you have to
      276 words
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      Page 4 Advertisements Column 2
      108 4 TORONTO Cill your Tmtl Agent or Air C*n*d» u 7)*****. A BREATH OF FRESH AIR The businns person t choice every Tutvlii. Thurviiv Saturday and Sunday Lmi»i« Chanr Airport at 22:C5 hours and arriving at Lener R. Peanon International Airport the following <m. Air Canada <w 4 '> c A/ore
      108 words
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      290 5 rv-4. v J* m v« KM K r^■a o* >■*-.0 w t! M* (w^S *T7 -'A' > S?G p: tz>crj> rv» r .%i--ux t* :w »f TTt *7 vy i*^ /u r. fed t 5 £»> r^* $2% s/3 ci^ r£>CM rv 4/A saw r<u r^r 5Z 5® 3 -Y.
      290 words
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  • REST OF THE WORLD
    • Article
      Lock icon 'Defuse US-Japan trade tension'
      484 6 Japan anchor of US policy in Asia, says US official AP THE UPHEAVAL in China makes it imperative to recognise Japan as "the anchor" of US policy in Asia and defuse US-Japanese trade tension, says a US official. "We have to break out of the situation
      AP  -  484 words
    • Article
      Lock icon Japanese firms expanding rapidly in Europe, says magazine
      331 6 AFP JAPANESE direct investment in the European Community (EC), already estimated at US$l3.5 billion, is "growing exponentially", Time magazine reported in its editions which hit newsstands on Monday. Within Europe, the magazine said. Britain appears to be the favourite country for Japanese
      AFP  -  331 words
    • Article
      Lock icon Higher retail sales in May spark inflation fears in Britain
      371 6 Reuter BRITISH SHOPPERS who went on a spending spree in unseasonally hot spring weather last month have helped to fan fears that inflation is still a problem and that domestic interest rates might have to rise again. The government said
      Reuter  -  371 words
    • Article
      Lock icon EC ministers give go-ahead for talks on Soviet trade accord
      337 6 AFP EUROPEAN Community foreign ministers on Monday gave the go-ahead for negotiating the EC's first trade and cooperation agreement with the Soviet Union. The decision, announced in Brussels, coincided with the first day of Soviet President Mikhail Gorbachev's visit to
      AFP  -  337 words
    • Article
      Lock icon Britain is lone opponent of EC's planned social charter
      210 6 FT BRITAIN stood alone among the 12 European Community states in its opposition in principle to the European Commission's proposed social charter for workers rights. "We are being asked to sign a blank cheque, before anyone has defined what the rights
      FT  -  210 words
    • Article
      Lock icon Further slowdown in US retail sales expected
      445 6 NYT US RETAIL SALES are slowing, and retailers, analysts and economists say the downward trend will intensify as the year progresses. Car sales, which had been strong earlier in the year, sagged in May after incentives had helped results in April. But the
      NYT  -  445 words
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      Page 6 Advertisements Column 1
      81 6 :*y iV. 1 mor America. Only United has same day arrivals anywhere in the USA. We are America's Friendly Sk,es. Ou, daily morning departures via East? With Unrted's connections right across, America Tokyo or Hong Kong w,ng you across the Pacific in time to en,oy the For more information or
      81 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      28 6 LOOKS UKB IT. UJB'LL NSVSR B& A&LS TOCISAN fTALLUR. BY GARRY TRUDEAU OH NO IOUDONI, HARRIS! THIS ISA3RANPNSW CARPET' 3.D..U5 HAVZIU PO SOME m 1 << p^vj m t
      28 words
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  • COMMODITIES
    • Article
      Lock icon Crude Oil and Products
      155 7 Telerate FUEL OIL prices were weaker in tandem with crude oil prices. Sellers of Ist-half Jul CST-180 were asking $94-5 mt fob Sing. Indications for End-June CST-180 were at $95 mt fob Sing. However, no buyers were seen in the market as many expected prices to
      Telerate  -  155 words
    • Article
      KL Tin
      127 7 A HIGHER disposal pushed the Kuala Lumpur Tin Market price down 14 cents to 27.53 ringgit a kg yesterday. Otters of 165 tonnes against a bid of five saw the price slip gradually, with the overnight retreat on the LME prompting the decline. Turnover settled at 108 tonnes
      127 words
    • Article
      Lock icon Precious Metals
      369 7 Reuter HONGKONG: GOLD closed little changed in quiet but choppy twoway trading yesterday. Investors were watching closely the US dollar in the absence of fresh incentives. Support emerged at US$36O an ounce. Bullion ended at US$36O 50/361.00 an ounce against an initial U*****.80/361.30 and compared with New York's
      Reuter  -  369 words
    • Article
      Lock icon Palm Oil
      479 7 Bernama Reuter MALAYSIAN CRUDE PALM OIL FUTURES futures closed mixed to unchanged on the Kuala Lumpur Commodity Exchange yesterday amid uncertainty over stock figures to be released by the Porta tomorrow. After opening lower, in line with easier cbt advices, the market moved up to close at the
      Bernama; Reuter  -  479 words
    • Article
      London markets
      95 7 Previous dosing pricos and total solos in poronthosls Copper Grade A Ccnh 1640/1642 (1603/1572) 3-morrthj 1630/1631 0599/1600) 3*rn«frw Ton* IT 1641 (1587) Soto* (9118) Lead Co* 3-momto Safltenwnl Ton*i 440/445 (430/435) 410/411 (407/408) 450 (450) Sate* (1603) Zinc High Qrede (U8$/tonne) Co* 3-«nonlhi 1490/1500 (1505/1515) 1450/1455 (1465/1470) 1504(1515)
      95 words
    • Article
      Lock icon Rubber
      217 7 Reuter SINGAPORE: Rubber prices closed marginally higher in quiet trading yesterday with July 1 RSS quoted at 173.50 cents a kg. up 0.50 cent from Monday's close. On the TSR-20 Award market, prices rose slightly in the afternoon on some covering interest in thin trading. July buyer was quoted
      Reuter  -  217 words
    • Article
      SSR and SMR
      93 7 (car»w/kg) JULY 1989 AUGUST 1989 (current month! (forwon d month) RAS NOON NOON fc/yan Satan tvyan Satan SSt 20 144 JO 146.50N 144.50 146 JON sse 50 142 JO 1 44.SON 142 JO 144 JON MRELB Ivyan ;,|i n Ivyan Satan SMI cv 236-50 238.50N 238.50 240JON
      93 words
    • Article
      Produce Prices
      194 7 Chinese Produce Coffee (US$/toraw, FOB) Exchange API FOB NSW 380.00 White Rice AP2 FOB NSW 330.00 100% 1« do* Sollon' noon dosing prtcos on EK1 FOB NSW 345.00 370 Juno 13 (SS/100 kg) Robutto 20/25% 100% 2nd dam 100% 3rd dam 340 335 Coconut oil FOB NSW 305.00
      194 words
    • Article
      RAS and MRELB
      297 7 RAS prices In 8 e«Mkg, FOB In b»l« 1 NOON CLOSE Buy on Sollors Buyort So Hon Int 1 RSS Prompt 174.50 175.50N 175 JO 176 JON Int 1 RSS July 89 172.50 173.50N 173 JO 174 JON In* 1 RSS Aug 174.50 175.50N 175 JO 176
      297 words
    • Article
      Soybean/Wheat
      95 7 CHICAGO Board of Trade soybeans closed lower on Monday in speculative buying. New crop contracts held losses as rain spread through key US producing areas. July ended down 9-1/2 cents per bushel at U556.93 and November was off nine at US$6.lB. CBT soyproducts closed lower in mostly speculative trading.
      95 words
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      Page 7 Advertisements Column 1
      228 7 Some businessmen are nappy to remain in the dark. A lot of businessmen still believe that worrying and setting aside a reserve for bad debts are all part of business life. On the other hand, there are those who do nut want to take any risk by insisting on guaranteed
      228 words
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      Page 7 Advertisements Column 2
      54 7 Lacoste Europe's leading name in casual apparel. Renowned for comfort and style since 1933 Boutiques #02-35 W.sma Atr.a, 435 Orchard Road .Singapore 0923. Tel: 235 9796 #01 -08 Centrepomt, 176 Orchard Road, Singapore 0923. Tel: 235 Corners Da.moru Galer.es Lafayette Halley's Isetan Apollo Orchard Metro Manna LACOSTE Anottw pfunwf Itn*
      54 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Forex markets
      1219 8 Reuter SINGAPORE: f THE US DOLLAR closed higher yesterday against most European currencies, but slightly lower against I the yen after active, choppy trading. Dealers said repeated Bank of Japan dollar selling intervention, profit-tak-ing and stoploss selling met strong buying from Japanese institutional investors on dips. The dollar
      Reuter  -  1,219 words
    • Article
      Simex
      554 8 SEPTEMBER Eurodollar futures yesterday opened 8 ticks lower than Monday's Simex close at 91 36 on profit-taking following market's conviction that the Federal Reserve will not ease credit policy further. Prices continued to ease to low at 91.27 following rumours of a Japan discount rate hike. The September contract
      554 words
    • Article
      Lock icon Taipei improves its forex quotes system
      100 8 BA Futures Reuter TAIWAN has improved its foreign exchange trading system by issuing Taiwan/US dollar quotes every 15 minutes rather than every 30. the central bank said. The system was launched on April 3 to head off possible US retaliation over charges the bank
      BA Futures; Reuter  -  100 words
    • Article
      Lock icon Asian dollar market
      287 8 Reuter ASIAN dollar deposit rates closed at their opening levels in quiet trading yesterday, with most operators sidelined ahead of today's US May retail sales data due at 1230 GMT. dealers said. Term rates were steady to slightly higher at the outset and were little changed subsequently.
      Reuter  -  287 words
    • Article
      Options
      1345 8 CURRENCY FUTURES OPTIONS TuMdoy, Juna 13, 1989 DEUTSCHE MARK (SIMEX) Jmh 88 caMa Mfh Low Sad Mm 88 |h U m 0a 51 S3 53 54 55 54 tap M caMa I M tap 88 |gh t put* mm t< Ml S3 53 54 360 340 437 Tuasday, Juna
      1,345 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      166 8 HELP THE TIRED BUSINESSMAN FIND A TREASURED HAVEN Mandarin Oriental: Jalan M HThamrin. Jakarta, Indonesia. Tel: 321 30VIelcx K^^Aonriatel Bangkok Hong Kong •Jakarta Macau Manila San Francisco Singapore The Excelsior. Hong Kong (Associate). g *****33, your travel agent. or Utell Internauonal. MANDARIN ORIENTAL JAKARTA Start at the corner and simply
      166 words
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      Page 9 Advertisements Column 1
      177 9 UPS We Handle Vital International Documents The Same Way \fou Do. B m C* sms, vezm '*> >< t/ VI A v r>rs L m lr ,r. I I r *v V -V P. „W* > > f o v_>me By One I landing over an important piece of work
      177 words
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  • BANKING AND FINANCE
    • Article
      Comex gold/silver futures
      187 10 Gold futures on June 12, 1989 100 troy ounces. USS per troy ounce Opon High Low Sa«a 4#Jul 359.30 363 00 359.50 361.90 3.80 Jul 363.30 3.80 Aug 363 00 367 00 362.80 365.80 3.80 Oct 367 20 370.30 366.30 369.60 3.90 Ok 370. SO 374.60 370.00
      187 words
    • Article
      Lock icon IMM
      306 10 Reuter IMM CURRENCY futures closed lower on Monday but in the upper half of daily trading ranges, with yen and sterling futures posting sharp declines. Strong investor interest in the US currency in Asian and European trading sent futures sharply lower early in heavy, and at times confusing trade,
      Reuter  -  306 words
    • Article
      Government Securities Market
      112 10 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****Z 7.09.89 4.05 4.00 4.09 3.98 6 months BY*****H 23.11.89 4.05 4.00 1 year BY*****F 24.05.90 4.30 4.25 4.30 4.28 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code
      112 words
    • Article, Illustration
      World interest rates
      191 10 Indicates the average of the prime lending ratec of 12 major banks In S'pore Interbank market rates (offer/bid) on June 13 7 doyt 3 iMfl 6 *mH 12 mIh us$ 9 7/16 3/16 9 3/16 3/16 9 1/4 9 1/« 9 1/1-9 9 a 7/# 13 1J
      191 words
    • Article
      Money markets
      68 10 THE OVERNIGHT RATE fell by 3/8 point to 4 7/8 per cent on the Singapore money market yesterday. One-month term rate fell by 1/16 point while the two- and three-months rates remained unchanged. S$ Interbank rates at the close yesterda o«* MO Qm night 4 7/1 4 3/4
      68 words
    • Article
      Lock icon Mitsui, Sumitomo raise prime rates
      60 10 Reuter MITSUI BANK Ltd and Sumitomo Bank Ltd each decided to raise their prime lending rates by 5/8 percentage point to 4-7/8 per cent, effective June 19. spokesmen for the banks said. The decisions follow an identical announcement by Mitsubishi Bank Ltd on Monday. Other
      Reuter  -  60 words
    • Article
      Asia Commercial Bank after-tax profit jumps 22.6 pc
      484 10  -  By HONG LEE TIAM ASIA Commercial Bank (ACB), the last of the 13 local banks to release its 1988 financial results, has reported a 22 6 per cent rise to $4.3 million in after-tax bank profit. At the group level, the net
      484 words
    • Article
      Far Eastern Bank to pay 4pc final dividend
      145 10 THE DIRECTORS of Far Eastern Bank (FEB) have proposed a dividend for shareholders, the first payout since the bank was acquired by United Overseas Bank (UOB) in August 1984. Mr Wee Cho Yaw, the chairman of FEB, said in the bank's 1988
      145 words
    • Article
      Lock icon Central bankers question exchange rate targets
      507 10 Reuter CENTRAL bankers from leading industrial powers have voiced doubts about the wisdom of setting exchange rate targets, placing a big question mark over the future of the 1987 Louvre Accord on currency stabilisation. The Basle-based Bank for International Settlements (BIS), the central bankers'
      Reuter  -  507 words
    • Article
      Lock icon Lawson sets 1990 date for EMS
      252 10 Reuter CHANCELLOR of the Exchequer Nigel Lawson said Britain should wait until mid-1990 before considering whether to join the European Monetary System (EMS) which keeps West European currency rates in line. British newspapers took Mr Lawson's reference on Monday as a signal of further
      Reuter  -  252 words
    • Article
      Lock icon US$ close to ceiling: Japanese official
      245 10 Reuter THE DOLLAR is likely to continue to appreciate for some time, but it may be approaching a top, Japan's Economic Planning Agency vice-minister Takao Akabane said. "The current depreciation of our currency and the appreciation of the US dollar will continue for some
      Reuter  -  245 words
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      Page 10 Advertisements Column 1
      160 10 11 '."J "Why is KLM always expanding its business connections?" zStr'- > V* ss r KLM FLIES TO 138 DESTINATIONS ON 6 CONTINENTS. to be ready t 1 <V.-A Y) um .a Fly the world s first airline. Your guarantee tor professional, punctual, friendly travel. Test us, try us, fly
      160 words
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      Page 10 Advertisements Column 2
      128 10 THE CHEF RECOMMENDS... SPECIALITIES OF THE MONTH gMgMUHMUMpi' Double Boiled j g ;I f Ageorz SoMp with /(ML ft Special Fresh Seafood Chinese Venison with Sbimeji Mushrooms Sino Style. Ah Tong come these commended culinary triumphs. 1\ Each is a work of art; as tempting visually W i as it
      128 words
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      Page 11 Advertisements Column 1
      397 11 f. i \.O- v i. IP il| 'tPr« EFp -jp. WM Official Opening of ANDELSBANKEN ANDEU SING A 1 x LVI CI -L mm i*sß k®l y'^ 'M > *V A ELSBANKEI BIS Banking Systems 22 Malacca Street #12-00. DBS Securities Building Singapore 0104 Tel: *****12 Fax: *****81 Tlx: RS
      397 words
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  • PERSPECTIVE
    • Article
      Solidarity with the people's choice
      507 12 IT IS UNDERSTANDABLE that the events in Poland should have been overshadowed by those in China. In a sense, however, the importance of the Polish developments is magnified by the carnage in China. Both countries are communist. In China, a nascent political threat to the
      507 words
    • Article, Illustration
      Intraco — reaching beyond trade
      1789 12  - Intraco reaching beyond trade LIM SOON NEO reports on the changes in the company LIM SOON NEO THREE YEARS AGO, Intraco Ltd began to streamline its operations, reorganising business areas and making management changes. In March, the company, in which the Singapore government still holds a stake, appointed a new
      1,789 words
    • Article, Illustration
      Lock icon Preparing for the future
      535 13  -  THE POTENTIAL OF SOVIET TRADE TANTALIZES WEST GERMANS. FERDINAND PROTZMAN REPORTS FERDINAND PROTZMAN NYT AT FIRST GLANCE, the two economic agreements that West German and Soviet officials will sign during Mikhail Gorbachev's visit to Bonn this week are of minor significance. One provides protection for German
      NYT  -  535 words
    • Article, Illustration
      What shall we do with the bases?
      1117 13  -  Manila's plans for US military installations By AL O LABITA, Jr THE PHILIPPINES is firming its resolve to transform the American defence installations in the country into profit-generating commercial and industrial ventures. Last week, the Senate ratified a Congressional proposal calling for the
      1,117 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      226 12 EPSON V Thev should h3ve told mc tak/w^j the new Epson PC AX Portable packed so much power. 4.6 MB usinq SIMM RAM banks. m "^•^-•-v, rw -Mj J jr. Surprise, surprise! At last there's a computer that doesn t expect you to compromise power for portability. The innovative Epson
      226 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      36 12 "T l iirrr ueLGoroc To THecHesTeJ?-PeR£ N e>p\(?eeQue TMC ROOT ujoold vou U<6 To Qgpg-f? 3Sr© \ves I'D Livcrc ONie OF YOU(? cobl STeAKS, B Limp SALfvD BNDi \a LJR'tsWCLCD FoTpyTb,. [YKM tTAKMKO eg LTP, IWI-HW
      36 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      149 13 S£i 0 Ji; V, Ming Court Hotels International Kuab R*t Dcksori VhncouvCT A msmbar Ol The MLH Group Group Saks Reservations Kuala Lumpur Singapore I'Mh Vancouver //<>«£ Singapore Sales Office: Tel-5 3 ***** Telex RS 241 77 Fax *****40 J* t T» t&f I •r--£3 S3 *> r ;v? Warmth
      149 words
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  • LEISURE
    • Article
      Lock icon Dietary fat-breast cancer link 'still needs study'
      478 14 HEALTH UPI DOES THE AMOUNT of fat in a woman' diet affect her risk of -tleveloping breast cancer? Although several studies have recently cast doubt on the hypothesis that high levels of dietary fat increase the risk of developing breast cancer, some scientists
      UPI  -  478 words
    • Article
      Lock icon Cheap sales in Buenos Aires
      504 14 ART AP INTERNATIONAL art collectors have invaded Buenos Aires in search of bargain-priced treasures. encouraged by the soaring strength of the American dollar against the weak Argentine currency. From precious jewels to Impressionist paintings, antique clocks and furniture, collectors are on the hunt for antiquities
      AP  -  504 words
    • Article, Illustration
      Lock icon Soweto liquor king finds success as writer
      734 15 BOOKS Reuter GODFREY MOLOI caused a sensation in the South African literary world when he published My Life, the story of his years as a street-fighting thug in Johan nesburg s black township of Soweto. South Africa's unlikeliest man of letters is now
      Reuter  -  734 words
    • Article
      Lock icon Soviet teenager wins Van Cliburn piano contest
      252 15 MUSIC Reuter ALEXSEI SULTANOV. a 19-year-old Soviet student, won the Eighth Van Cliburn International Piano Competition gold medal on Sunday to become the hottest young concert pianist in the world. Sultanov. whose passionate style and charisma made him the audience favourite, was given
      Reuter  -  252 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      290 14 COURyOISIER VS.O.P-WfiElKr TO ENTERTAIN ONE GOOD REASON TO EUNCH AI'THE PA EM GRILE IS OUR APPETISER BUFFET AN(TI HKR IS I lIK CIKMCK OF MAIN (XX'RSES. u» For between $26+ and $40+ you can select from our appetiser C jRII J. buffet including seafood, smoked salmon and oysters. Choose from
      290 words
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      Page 14 Advertisements Column 2
      258 14 i Nasi Padang Month t 1 in 1 I I i Ming Court Hotel i 1 For the whole month of May, you can enjoy *Nasi Padang at Ming Court Hotel. Prepared specially by our Muslim Chef, there will be mouthwatering dishes such as Udang Masak Tomato, Tahu Sambal Goreng,
      258 words
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      Page 14 Advertisements Column 3
      244 14 PLUMS PRESENTS YOUR MID-YEAR FEAST RICH NONYA FLAVOURS JUNE 12 25. 1989 ONLY The flavourful cuisine that is known as nonya can be found only in this part of the world. Is it Malay food cooked the Chinese way? Or can it be Chinese dishes prepared according to the Malays.
      244 words
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      Page 14 Advertisements Column 4
      202 14 Happy Hours in the Streets Happy hours stretch from 3pm Bpm Mon Sat. With drinks at reduced prices. Cafe hctmonkvmr STREFTSOF i rma Bfach Road Sineaporr 0719 Trl *****11 J Y'.n Temptations served round the clock... onlv at Cafe Excelsior A delightful selection of western and local favourites Executive Set
      202 words
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      Page 14 Advertisements Column 5
      54 14 FATHER S DAY JUNE 18.12 noon -2.30 pm At The Mandarin, there are many ways to show Dad how much you appreciate him. mz i Us MM V M j? > fj£! > .V- V I* v; V Kngjtt trm PmrtmQ. NO OOVf R CMAHO£ 19 Cairnh'li Circle loft Orchard
      54 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      163 15 Some Of The Best U. S. Beef Is Found In The Park. From June >-24, you can sample delicious US Beef at two of Century Park Sheraton's restaurants. Unkai offers traditional Japanese specialities for lunch and dinner prepared with prime grade U.S. sirloin or tenderloin of beef. Hubertus Grill is
      163 words
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      Page 15 Advertisements Column 2
      12 15 CRYSTAL iTTfI PI Mri T riKWlk yspi i ST?" <Zsl COGNAC COURyOISIER
      12 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      662 15 ■iKatsHKhQGIB ©IiDQSKfIijMD CRYPTIC PUZZLE ACROSS I A roll on the floor? (6) 7 In which the temperature is of growing concern (8) 8 Sort of skirt for the South of France? (4) 10 Possibly a means to help make up a crew (8) II Jeffrey taking a shot? (6) 14
      662 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      1379 15 TV and RADIO Epidemic down under I OUR CHOICE BEAUTY AND THE BEAST, 7.55pm, SBC 5 Ron Perlman puts on his hairy face again to become Vincent in the second episode of this new season. He and Cathy hide an escaped seaman in their "underworld not knowing that he is
      1,379 words
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  • SPORTS
    • Article
      Lock icon Ballesteros, Beman to meet on rule dispute
      369 16 GOLF NYT StVE BALLESTEROS, one of the world's best and most popular getters, and Deane Beman. the commissioner of the PGA tour, may call a truce in their fouryear war of words and come to aa agreement that might permit the 32-year-old Spaniard
      NYT  -  369 words
    • Article
      Lock icon Inquiry starts hearing evidence from Johnson
      501 16 BEN JOHNSON INQUIRY AFP BEN JOHNSON had to fight his way through a heaving mass of reporters in Toronto on Monday when he came to give his side of the story in the biggest Olympic fraud in history. The sprinter and his lawyer Ed
      AFP  -  501 words
    • Article, Illustration
      Lock icon Connors wagers on Wimbledon
      338 16 TENNIS AFP JIMMY CONNORS swaggered into Scotland on Monday with a solid tip for Wimbledon himself. "It's like gambling. Every time you walk out you're gambling on your game and your reputation," said the old street-fighter in a tennis world populated by youngsters more than half
      AFP  -  338 words
    • Article
      Lock icon Mayotte, Curren breeze through
      152 16 AP TIM MAYOTTE and Kevin Curren easily defeated American compatriots on Monday to reach the second round of the Queen's Club grass-court tournament. The top three seeds in the pre-Wimbledon tournament Ivan Lendl, Stefan Edberg and Mats Wilander played opening matches yesterday Mayotte. the fourth seed,
      AP  -  152 words
    • Article, Illustration
      Lock icon Trevino leads pack of challengers for US Open title
      432 16 UPI LEE TREVINO kicked off US Open week on Monday by returning to the site of his first major triumph and charming the gallery just as he did 21 years ago. With a crowd of more than 2,000 fans following him,
      UPI  -  432 words
    • Article, Illustration
      Lock icon Pride and courage won
      919 16 BOXING AP SUGAR RAY LEONARD and i Thomas Hearns. calling on skills 1 that were supposed to have been i gone, battled to a 12-round draw on Monday night at Caesars Palace, almost eight years after their first fight. Leonard, knocked down in both the third
      AP  -  919 words
    • Article
      Lock icon Botham loses feeling in right side of face
      175 16 CRICKET UPI ENGLANDs world famous cricket ace lan Botham has lost all feeling in the right side of his face following the devastating injury that put him out of the first Test at Headingley. England's record breaking all-rounder fears he may not
      UPI  -  175 words
    • Article
      Lock icon Lakers need a miracle to win NBA
      335 16 BASKETBALL AFP THE LOS ANGELES Lakers, down 3-0 to the determined Detroit Pistons, need nothing short of a miracle to win their third straight NBA championship. The Lakers, who entered the finals unbeaten in 11 play-off games, lost to the Pistons 114-110 at
      AFP  -  335 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      561 16 IH THE MATTER OF 1 THE COMPANIES ACT, CAP. 50 AND Iff THE MATTER OF GENERAL PILING A CIVIL ENGINEERING CONSTRUCTION PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members Of the abovenamed Company duly convened and held at 135 Jurong East Street 13 #04-335,
      561 words
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      Page 16 Advertisements Column 2
      569 16 IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 AND MAHTANI ENTERPRISES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of MAHTANI ENTERPRISES PTE LTD duly convened and held at 67, HIGH STREET, SATNAM HOUSE #03-06 Singapore 0617 on Friday 2nd June 1989, the following Special resolution
      569 words
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      Page 16 Advertisements Column 3
      139 16 FOR RENT We can rent out part of our premises a\ 500 so m (5000 sq.ft) of workshop A> space w.th 100 sq.m (1000 sq.ft) aSrconditioned office area, and m 1800 sq m (18,000 sq.ft) uncovered outdoor area! Ideal for the storage of containers etc. A) and B) can be
      139 words
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  • SES
    • Article, Illustration
      Index rises 7.36 points as market regains confidence
      1055 17  -  by JOSEPHINE CHAN SHARE PRICES finished marginally higher in active trading yesterday. Institutional buying and bargain hunting helped boost the Straits Times Industrials Index a further 7.36 points to finish at 1,283.84. "Confidence has returned and it looks like a lot of
      1,055 words
    • Article
      Unit trusts
      244 17 MAvvN■MinA'tifl OCBC-SIMBL Invest™ Hit Sov#rs Capitol h>«d 099 104 Sayrs Trust fvod 096 103 OUB Investment Mgt Union Global fund@ 084 088 Union S'por# Fund 090 094 Union lrtv«i!»*nt fund 090 094 Union Gold Fund@ 045 048 Diamond Mgt S'pore May June Oonond S'por* Fund IUSJI 061 0
      244 words
    • Article
      COMPANY MÈTINGS
      57 17 KULIM (MALAYSIA) BHD: 14th AGM at Ulu Tiram Estate, Ulu Tiram, Johor, today at noon. AMCOL HOLDINGS LTD: AGM at 110 Middle Road. #03-01. Chiat Hong Building, Singapore 0718. tomorrow at 11.00 am. HONG FOK CORPORATION LTD: 21st AGM at the Registered Office, 360 Orchard Road. #07-06 Internatioanl
      57 words
    • Article
      SES SHARE INFORMATION
      5922 17 1989 High Low Tel Cod* Company Last Sale JUN 13 -torVol (000) Day High Low Las! Quota Buyer Seller Gr's Dtv Dlv C'vr Gr's rid Net P/E M Cap Smll 168 93 183 70% 94 100 101 82% 190 91% 104 .144 100 87% SESDAQ 120 t
      5,922 words
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  • KLSE
    • Article, Illustration
      Lock icon KL prices broadly easier
      3567 18 MBT SHARE PRICES on the Kuala Lumpur stock market broke an early session uptrend to close broadly easier yesterday in quiet trading. However, motor issues bucked the downswing to post good gains on balance Tan Chong Motor was heavily traded with 1.391 million units done. It
      MBT  -  3,567 words
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  • COMPANIES & STOCK MARKETS
    • Article
      UIC defers completion of land deal
      440 19  -  Firm awaiting outcome of re-zoning review By MAGDALENE NG UNITED INDUSTRIAL Corporation (UIC) has postponed the completion of its purchase of the plot of land behind The Paragon at Orchard Road for $81 million as a result of a review of the re-zoning of
      440 words
    • Article
      Singmarine subsidiary secures $6.5 m in shipbuilding contracts
      283 19 A subsidiary of shipbuilder Singmarine Industries Ltd has secured shipbuilding contracts worth $6.5 million from local and international owners. The subsidiary, Singapore Slipway Enginering Co Re Ltd, will be building six skiff boats, a pair of tug and barge, and a high
      283 words
    • Article, Illustration
      Cold Storage managing director to retire
      333 19 THE managing director of revamped Cold Storage Holdings Ltd. R J Barton, is retiring after 25 years with the group. Mr Barton, who will leave in June next year, joined the group in 1964. He was appointed managing director in December 1983. CSH's chairman,
      333 words
    • Article
      Town & City faces uncertain future pending outcome of Wardley suit
      292 19 Town City faces uncertain future pending outcome of Wardley suit TOWN AND CITY Properties Ltd remains uncertain about its future pending the outcome of a suit taken by a syndicate of banks for a guarantee given to one of its former subsidiaries. This was revealed by chairman Edwin H Burrell
      292 words
    • Article, Illustration
      SES raises more questions on Amcol's Johor purchase
      368 19 THE STOCK EXCHANGE of Singapore has asked Amcol Holdings Ltd more questions on its proposed takeover of a Malaysian company. Amcol announced in March that it intended to acquire Anak Bukit Resorts Sdn Bhd for M 519.8 million to develop a 172-hectare
      368 words
    • Article
      COMPANY BRIEFS
      214 19 STRAITS STEAMSHIP LAND LTD directors said the company's non-transfer-able preferential invitation tranche of $43.98 million loan stocks with warrants has been fully subscribed. The company received preferential applications in respect of $23.61 million nominal amount of loan stock with warrants and excess applications in respect of $23.14 million
      214 words
    • Article, Illustration
      Lock icon Hotel Plaza to be floated?
      589 19 Mia® HOCK LOCK SIEW THE MARKET is rife with speculation that property group United Overseas Land may hive off its wholly-owned hotel subsidiary Hotel Plaza Ltd and turn it into a publicly listed entity. UOL officials would not confirm its plans for Hotel Plaza but
      HOCK LOCK SIEW  -  589 words
    • REGIONAL MARKETS
      • Article
        Lock icon Osaka offers trading in stock-index options
        390 20 AFP THE OSAKA Securities Exchange launched trading in stock-index options on Monday, becoming the first of three Japanese stock markets to offer such instruments to Japanese investors The options are based on the Nikkei Stock Average of 225 issues on the Tokyo Stock Exchange,
        AFP  -  390 words
      • Article
        Lock icon Japanese market not performing very well
        331 20 NYT ALMOST UNNOTICED, the Japanese stock market, heretofore the wonder of the *****, has started to underperform other stock markets. The soaring dollar is part of the problem for the Japanese, but there is more to it than that. For those who had the
        NYT  -  331 words
      • Article
        Lock icon Cons Gold calls meeting on takeover defence
        117 20 Reuter CONSOLIDATED Gold Fields pic said it is calling a shareholder meeting on June 30 to vote on the special preference share dividend scheme used as part of its defence against the bid from Minerals and Resources Corp Ltd. The £3.5 billion bid
        Reuter  -  117 words
      • Article, Illustration
        Lock icon Stocks close down
        420 20 Tokyo Reuter A BURST of buying by investment trust funds at the open yesterday failed to inspire the market as selling emerged in late morning trade on fears of a discount rate rise and currency concerns, knocking share prices down and holding them down in light trade
        Reuter  -  420 words
      • Article, Illustration
        Lock icon Shares ease slightly
        500 20 Australia Reuter THE AUSTRALIAN share market was slightly easier by the close of floor trading yesterday in line with higher cash rates, which weakened industrial stocks. The All Ordinaries Index was 3.3 points lower at 1.540.2. The All Industrials Index was 0.1 point higher at 2,519.3 and
        Reuter  -  500 words
      • Article, Illustration
        Hang Seng Index sinks 85 points
        1310 20 Hongkong HONGKONG'S main stock indicator, the Hang Seng Index, sank 85.02 points to end at 2,355.19 on active overseas selling yesterday. although some local bargain hunting provided a cushion in the afternoon, brokers said. "We got a classic 16 per cent retracement on Monday
        1,310 words
      • Article
        Lock icon Taipei: Slightly higher
        410 20 Reuter A LAST MINUTE #ell-ofl by profit-seeking investors in Taipei yesterday pushed share prices down from the morning's moderate gains, brokers said. The weighted index rose 43.41 points, or 0.46 per cent, to close at 9,511.25 compared with Monday's 9.467.84 finish. Turnover fell to NTJ96.22 billion from
        Reuter  -  410 words
      • Article
        Lock icon Seoul: Profit-taking
        195 20 Reuter SEOUL STOCKS yesterday ended slightly down after a near 10-point gain in the morning as investors took profits from four consecutive days of rises, brokers said The composite index closed down 0.50 point to 919.98. Volume was significantly more than in recent weeks, at 300.8 billion won
        Reuter  -  195 words
      • Article
        Lock icon Manila: Shares slip
        112 20 Reuter PHILIPPINE share prices closed easier yesterday after drifting in listless trading as caution set in on a lack of strong market incentives, brokers said. The Manila Stock Exchange Composite Index dipped a marginal 4.04 points to end at 1,042.26. Combined volume on the two bourses thinned
        Reuter  -  112 words
      • Article
        Lock icon Bangkok: Index at new high
        245 20 Reuter THAI STOCKS were mixed at the cloee yesterday after an active session in which heavy foreign buying of finance issues pushed the index to another all-time high. The SET Index gained 2.36 points to cloee at a record 574.08. with 9.9 million shares changing
        Reuter  -  245 words
      • Article
        Lock icon Bombay: Mixed close
        179 20 Reuter SHARE PRICES retreated from an early rally to close mixed on lack of support, brokers said. They said the market opened firm but the prof-it-taking that followed weakened sentiment. "State-owned financial institutions are heavy buyers but investors kept to the sidelines." one broker said. Brokers said
        Reuter  -  179 words
      • Article
        Lock icon New Zealand: Small gains
        106 20 Reuter THE NEW ZEALAND share market yesterday closed slightly higher after a day of uninspired trading and brokers expect similar conditions to continue today. The Barclays Index climbed 3.84 points to 1.889.10. Brokers said most interest centred on BNZ. which rose six cents to 89 cents
        Reuter  -  106 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Shares mixed after early weakness
        814 21 New York AP Reuter THE NEW YORK stock market managed a mixed performance in light trading on Monday, benefiting from an afternoon recovery in blue chip issues. The Dow Jones average of 30 industrials traded in negative territory for much of the session but gradually
        AP; Reuter  -  814 words
      • Article, Illustration
        Lock icon Market weakens in early trade
        1014 21 London Reuter LONDON shares were easier in cautious opening trade yesterday as some early buying interest faded in the face of a steadily sliding pound. Dealers said intervention by the Bank of England was slowing the fall but sterling still seemed set to test 3.07
        Reuter  -  1,014 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1591 21 Reuter ZURICH: Swiss share I prices yesterday closed i easier across the board in i lively trading. Dealers said shares came off their early highs on profit-taking. The Swiss Market Index of leading shares closed 9 6 lower at 1,610.4 points after opening little changed at 1,620.8.
        Reuter  -  1,591 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      196 19 I AsiI.RN( XRi'l'l^ SptdaMti* m Bme Hmmd-btoOtd Carp€ts IfllUt Auction Sale Wednesday. June 14. 1989 Grand Ballroom Hilton International Singapore Viewing cocktails: 4pm 7pm Auction Sale: 7pm 8.30pm Auctioneers: Cheong Koon Seng (CKS) Auctioneers Valuers Pte Ltd t.'i m H? v Showroom #03 28 Raffles City Shopping Centre Tel: 338
      196 words
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      Page 19 Advertisements Column 2
      149 19 5< SINGAPORE 'ißt PREMIER WATCH BOUTIQL m More shares for your investment dollars Are your funds locked up in stocks and shares? Wouldn't it be great if you can use them yet, at the same time, not liquidate your shares? OUB has your answer in the latest Share Margin Financing
      149 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      724 20 Let Business International help you put China's political crisis in perspective. On June 20, Business International's China Division will conduct a special seminar: "The Impact of Current Chinese Politics on your Business," to examine the violent unrest in China and its implications for your firm's PRC operations. China Division director
      724 words
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      Page 20 Advertisements Column 2
      9 20 Managers must manage. BT shows you how every Monday.
      9 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      11 21 ``;^({;~&=}!<>($$%[!$$:|>"'/@_^ When people want quick results, they call CATS. r Qf *1
      11 words
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      Page 21 Advertisements Column 2
      1199 21 MICROGNOSIS IS SPREADING ALL OVER! Today, more than 12,000 traders from New York to Tokyo are using Micrognosis systems to get a competitive edge in the world's financial markets. And that number is growing every day. (Our sales have more than quadrupled since 1985.) If you're planning a new floor,
      1,199 words
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  • Article
    Lock icon Four factions in Indonesia's DPR welcome Islamic Courts Bill
    340 22 Bernama THE FOUR FACTIONS in the Indonesian House of Representatives (DPR) have welcomed the government-sponsored Islamic Courts Bill aimed at enabling the courts to enforce their verdicts. The ruling party, Golkar, the Muslim-based United Development Party (PPP), the Indonesian Democratic Party
    Bernama  -  340 words
  • Article
    Lock icon Johor water project: initial works start
    436 22 GO-AHEAD FOR PRELIMINARY WORKS FROM STATE GOVT Bernama THE JOHOR state government has given permission to Singapore authorities to carry out preliminary works of its additional water supply project, Chief Minister Tan Sri Haji Muhyiddin Yassin said yesterday. "The Public Utilities Board (PUB) has
    Bernama  -  436 words
  • Article
    KLCE to introduce price premium for tin delivered in S'pore
    232 22  -  By DEXTER LEE THE KUALA Lumpur Commodity Exchange (KLCE) will be introducing a price premium for tin delivered at any of its approved warehouses in Singapore from Aug 1. The tin buyer will then have to pay the seller a
    232 words
  • Article
    Lock icon South Korea may devalue currency, say reports
    126 22 AP SOUTH KOREAN officials are considering devaluing the country's currency after its recent rapid rise, in efforts to restore falling exports, press reports said yesterday. The reports, carried in most major newspapers, said that devaluation was among the measures proposed in a meeting
    AP  -  126 words
  • Article
    Lock icon Taiwan buying more American products
    176 22 Reuter TAIWAN will send five missions to the US between August and early 1990 to buy American products worth about US$l.5 billion to help narrow the trade gap between the two countries, officials in Taipei said yesterday. Vice-Economic Minister Chang Chung-chien said an agricultural team
    Reuter  -  176 words
  • Article
    Lock icon China tells the world it is still a great place for business
    293 22 J# The China question Agencies WHILE its police round up "ruffians" and "counter-revolutionary elements" following the June 4 carnage in Beijing, China is still telling the world that it is a great place to do business. Chinese leaders
    Agencies  -  293 words
  • Article
    'HK for faster reforms in face of China's turmoil'
    470 22  -  By FOO CHOY PENG SPECULATION has arisen that the Hongkong government is prepared to speed up democratic reforms in the colony before it reverts to China in 1997. Local press reports, quoting government sources, said that as a first step. Hongkong
    470 words
  • Article
    Lock icon Soviet Union on side of Chinese authorities, analysts say
    189 22 AFP AP THE SOVIET UNION is coming out firmly on the side of the Chinese authorities, more than one week after the bloody military crackdown against pro-democra-cy demonstrators, analysts said in Moscow yesterday. The Kremlin is apparently unwilling to jeopardise its
    AFP; AP  -  189 words
  • LATE FILE
    • Article
      Lock icon Sharp rise in US current deficit
      52 22 AFP THE US CURRENT account deficit increased sharply in the first quarter of the year, rising to U5530.69 billion, the Commerce Department announced. That was 7 per cent higher than the U5528.68 billion shortfall posted in the last three months of 1968, the department
      AFP  -  52 words
    • Article
      Lock icon Pledge of European unity
      50 22 Reuter THE SOVIET Union and Weet Germany pledged yesterday to turn their military machines into defensive forces and work for a more united and democratic Europe. Mikhail Gorbachev and Helmut Kohl issued the pledge in a six-page document meant as a guidepost for bilateral relations. Reuter
      Reuter  -  50 words
    • Article
      Lock icon Asean energy ministers to meet
      37 22 AFP ASEAN energy ministers will hold their annual conference in Kuala Lumpur from June 22. The two-day conference will review progress in Asean energy projects and explore new areas for cooperation. AFP
      AFP  -  37 words
    • Article
      Lock icon Seoul students fight police
      58 22 AP RADICAL students, hurling rocks and firebombs, fought riot police in Seoul and at least three provincial cities yesterday in protest against a government crackdown on dissident movements. The clashes came amidst reports that President Roh Tae-woo intends to shake up his Cabinet and remove senior
      AP  -  58 words
    • Article
      Lock icon Comex silver
      57 22 Reuter COMEX SILVER futures retreated to unchanged levels after an early rally stalled just slightly above Monday's highs. In a thin market July silver was unchanged at U555.23 an ounce, having backtracked from U555,275 against Monday's high of U555.27. Dealers said the market was consolidating on top of
      Reuter  -  57 words
  • Article
    Lock icon UK Boeing 737-400S grounded
    90 22 AFP THE BRITISH Civil Aviation Authority (CAA) on Monday grounded all 12 Boeing 737-400s registered in Britain "for safety reasons", a CAA spokesman said in London. The move was announced after two planes developed technical problems with their CFM-56 engines last weekend. All Boeing 737-400s are
    AFP  -  90 words
  • Article
    Lock icon Manila to look into Soviet missiles issue
    155 22 UPI PRESIDENT Corazon Aquino of the Philippines has expressed alarm at news reports that Soviet missiles were aimed at United States military bases outside Manila and said she would order an inquiry to see if nuclear weapons were being stored in the facilities
    UPI  -  155 words
  • Article
    Lock icon Indon factions welcome Islamic Courts Bill
    302 22 Bernama THE FOUR FACTIONS in the Indonesian House of Representatives (DPR) have welcomed the govern-ment-sponsored Islamic Courts Bill aimed at enabling the courts to enforce their verdicts. The ruling party. Golkar, the Muslim-based United Development Party (PPP). the Indonesian Democratic Party (PDI) and the
    Bernama  -  302 words
  • Page 22 Advertisements
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  • SHIPPING TIMES
    • PORT SIDES
      • Article
        Database accessible via satellite
        153 23 THE BALTIC and International Maritime Council's (BIMCO) World Port database is now accessible to the 8,000 ships fitted with Inmarsat's Stan-dard-A satellite terminals. The database contains detailed information on cargo handling facilities, harbour particulars, health and medical regulations, and documents which are required for port entrance.
        153 words
      • Article
        Danish firm acquires Kosan Tankers
        119 23 DENMARK-BASED J Lauritzen A/S has acquired 100 per cent of the share capital in Kosan Tankers A/S from its parent, Kosan A/S, at an undisclosed price. Its acquisition of Kosan Tankers A/S implies a significant increase of its special trades. The Kosan Tankers A/S fleet
        119 words
      • Article
        Lock icon Supply ship sinks off US east coast
        69 23 Reuter THE BRITISH supply vessel Caribbean Export sank in rough weather off the US east coast on June 8, Lloyds Shipping Intelligence Service reported in London on Monday. The crew of six were picked up by the cargo ship North King arrived in
        Reuter  -  69 words
      • Article
        Expert wins maritime book prize
        78 23 INTERNATIONAL SHIPPING EXPERT William Packard has been awarded the 1989 BIMCO/ Lloyd's List Maritime Book Prize for his new book on Shipping Pools. The book provides detailed coverage on all aspect of shipping pools, from contracts and accounting practices to staffing and marketing. The advantages
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    • Article
      Lock icon Nassco gets USs2sm repair deal for Exxon Valdez
      161 23 Reuter EXXON CORP has awarded a contract valued at US$25 million to National Steel and Shipbuilding Co (Nassco) to make repairs on the tanker Exxon Valdez. The Exxon Valdez created the largest oil spill in US history when it struck a reef
      Reuter  -  161 words
    • Article
      Index to advertisers
      989 23 ABBS I me XII ABC Contoinerline XI Accord Shpg VIII ATS XIII Ahrertkiel liner XH AC Toepler XIII Arrow lines XI Assoc Cornoge XIB ANt III AFC line VII AH V ASCI V Atlos line XII Bolt Conodo tin* IX Ball-Orient line IX Baltic Orient SKpg XI
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    • Article
      Manila may get chunk of Soviet repair business
      297 23  -  By AL O LABITA Jr SINGAPORE s dominance in the business of drydocking and repairing the Soviet Union's commercial shipping fleet is being challenged by yards in Manila. Senior Soviet trade officials are slated to fly to Manila next month to finalise
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    • Article, Illustration
      Freight Management extends network in region
      441 23  -  New offices planned for Indonesia, Brunei and Malaysia By JEAN FOONG SINGAPORE-BASED Freight Management is extending its network in the region with new offices to be established in Indonesia. Brunei and Malaysia. "We are likely to set up a joint venture with an NVOCC
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    • Article
      Lock icon Sea Containers holds talks on acquisitions
      160 23 NYT SEA CONTAINERS is talking with third parties about the possible acquisition of certain assets of the Bermuda-based shipping container and ferry concern. In a filing with the US Securities and Exchange Commission on Monday, Sea Containers said that it had provided confidential financial
      NYT  -  160 words
    • Article
      Gujarat breakers hit by levy hike
      172 23  -  By SHIRISH NADKARNI SHIP-BREAKING UNITS in Gujarat, which have been languishing for the last two years for want of adequate supplies of scrap ships by the Metal Scrap Trading Corporation (MSTC), have received a crushing blow at the hands of the Gujarat Maritime Board
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    • Article
      CNC paying US$45m for newbuildings
      174 23 TAIWANESE OPERATOR Cheng Lie Navigation Company (CNC) is spending US$45 million on two newbuildings to boost its existing fleet. It is understood that CNC's decision to invest in new orders stems from higher charter rates. The newbuilding contract was signed with Imabari Shipyard last month.
      174 words
    • Article
      Jardines appoints agent in India
      111 23 JARDINE Shipping Services has appointed Eastern Steamship as its representative agent in India. This is part of Jardines' expansion programme and aims to tap the immense business potential of the Indian market. Eastern Steamship will promote Jardines' shipping agency, surveying and shipbroking businesses in India.
      111 words
    • Article, Illustration
      Container haulier comes of age
      954 24  -  KPB has come a long way from early days in Penang By G DURAIRAJ KONSORTIUM Perkapalan Berhad (KPB) came of age last Saturday at a sumptuous dinner in Kuala Lumpur, which marked its transition from a Penang-based container haulier to a national company serving a
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    • Article
      Lock icon Weekly freights
      819 24 AFP SHIPBROKERS were despondent last week, with little enquiry on the freights market, and reports of I lower rates on the world's important grain routes. < There were few known grain fixtures to confirm a weaker trend, but the Baltic International Freight Futures Exchange's (Biffex) Baltic Freight Index
      AFP  -  819 words
    • Article
      Consortia
      162 24 THE MAJOR shipping consortia operating between the Far East/European. Far East/Persian Gulf. Straits ports/Australia. Straits/Japan and the member lines: ACE (Far East/Europe): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (Straits/Australia): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd Lines
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    • Article
      Who acts for whom ...
      2316 24 Who acts for whom A —B AB Shipping Boustead Shpg Agendee (S) ABBS Lin* S M S Pte Lid (S)/Tunas Sena (PK/KL) ABC Containerllne NV Fargo Shpg Co (3) Accord Shpg Accord Shpg (S)/Accord Container Line (PK/PN) Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceanus Shipping Agency (S)/Multtport Sdn
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    • Article
      Lock icon Labour trouble hits British ports and railways
      262 24 Reuter UNOFFICIAL STRIKES by British dockers spread on Monday amid threats by railway staff to bring the country's trains to a halt. The National Association of Port Employers said nearly 3,500 dockers staged strikes at 13 ports, including Liverpool, Bristol and Tilbury, in
      Reuter  -  262 words
    • Article
      Shipping events
      492 24 June 2-16 Handling and Stor- i age of Dangerous Goods. To be j held at the Training Dept, Tan- t jong Pagar Complex conducted by the Port of Singapore Authori- ty. Tel no *****07 I June 13 to 16 The Nor-Ship- I ping '89 Conference to be held
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    • Article
      India restricts acquisitions of ships
      214 24  -  «>y Ajit Agharkar INDIA'S Finance Ministry has instructed the Shipping Acquisition Licensing Committee not to entertain applications for acquiring ships that would cause a foreign exchange outflow of more than 100 million Indian rupees. Even pending applications will be reviewed. Of the 134 vessels that
      214 words
    • Article
      Domestic Indonesian liner firm to cover Viet routes
      295 25 P T TRIKORA LLOYD, a private domestic ocean-go-ing liner firm, will soon provide direct shipping services from Indonesia to Vietnam in an effort to support the success of an Indonesian business mission to Vietnam recently, according to a Jakarta Post report. A
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    • Article
      London Freights
      835 25 BUSINESS in the dry cargo freight market was 1 J quiet on Monday and rates were generally little changed from previous levels, brokers said. Business included a fixture for 52,000 long tons of heavy grain from the US Gulf to Japan at U5520.50, basis combination ports, for July
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    • Article
      SHIPPING LIST where your ships are due...and when
      12582 32 aaaaima A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination. the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
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    • Article
      SHIPS IN PORT
      1608 36 AT CONVENTIONAL WHARVES VMMI Voy No B«rth Arrival Departure KEPPEL WHARVES April Gl I6E KI8 alongside 1306/ 1500 Arbelo 1/89 K32 alongside 1606/ 0600 Jotogovmd 2EB K35 alongside 16 06/ 2300 Jenson I5/89E K20 alongside 14 06/ 0700 Koto Nogo C-178 K3I alongside 13 06/ 2100 lovcen
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      38 23 "The Illustrated Encyclopedia of Wildlife" VH udlite l ortnightly at all good bookshops and news-stands. 1?/r N* W K STP Distributor* For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fax: 253-2821 Tlx: RS ***** BTAD
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      Page 23 Advertisements Column 2
      17 23 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association
      17 words
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      Page 23 Advertisements Column 3
      335 23 A lively way with words AMIIMIOI good bookthopt Federal Haulier comes of age KONSORTIUM Perkapalan Berhad has come of age, marking the occasion last Saturday with a sumptuous dinner that celebrated the opening of its new office at Port Klang. PAGE II British labour unrest spreads UNOFFICIAL STRIKES by British
      335 words
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      1191 25 IVdicok'd to C 2 iu< lity 5 WW// JARDINE SHIPPING AGENCIES 200 Cantonment Road #12 05 Southpotnt. Singapore 0208 Tel 2218)11 TELEX NO RS ***** TERMINALCFS Tel *****18 220 BOOKINGS Tel *****34 236 PESAKA JARDINE SNIPPING AGENCIES SON BHD POUT HE LANG TEL 36*41 IS Telei No MA*****/MA***** PENANG TEL
      1,191 words
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      Page 25 Advertisements Column 2
      1392 25 This MM Regtna M Closing Time C* 20/6 0400 MRS CFS 19/8 1800 MRS RE GIN A M LAURA M LEXA M MCKINNEY M LEDA M MARIT M LICA M MARCMEN M 20/6 21/6 27/6 28/6 4/7 5/7 11/7 12/7 18/7 19/7 2S/7 26/7 1/8 2/8 8/8 9/8 "Port 'Penang
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      707 26 u Hapag-Lloyd I CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON 16/6 4/7 ALASKA MARU 05/»2 16/6 8/7 3" MONTE ROSA 02/543 "f' £7 7/7 KAMAKURA 06/544 18/6 15/7 16 /7 LARGS BAY '5/583 21/8 23/6 11/7 13/? I(V7 CITY OF EDINBURGH 84/545 22/6 7 22// 23/7 LONDON EXPRESS 06.584 28/6
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      Page 26 Advertisements Column 2
      512 26 ;^rr o COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMI-CONTAINER SERVICE TO NORTHBOUND TO UKC IVYBANK V 24N TAUSALA SAMOA V-15N CLYDEBANK VKN ROM/A DAM HBC HULL (U.K.) 16/7 20/7 2/7 11/1 16/1 20/1 12/1 1W Zlfl •Alio Aa«ptin« FCI to Antwerp Bre«wn/Fe<i«itw»fSoMttnw^n/BoWert/CeM»on>»rf i'J' J.-.- il (ASIA-SOUTH
      512 words
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      Page 26 Advertisements Column 3
      1072 26 Kl 7 -o REGULAR INDEPENDENT FULL CONTAINER SERVICE TO EUROPE NORTH SEA 912W 14/6 15/6 16/6 11/7 14/7 15/7 16/7 17/7 l*/7 NORASIA SINGA 8913 3 21/6 22/6 23/6 18/7 20/7 21/7 22/7 23/7 24£ NORASIA AL-MUNTAZAH 8914-3 28/6 29/6 30/6 26/7 27/7 28/7 29/7 30/7 31/7 NORASIA SUSAN 8915-3
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      1532 27 Steamers Maritime Holdings Ltd P&O TOFVContainers I CONTAINER SERVICE TO UK/CONTINENT: Also Accepting Cargo For: Kjflfcurf to Coo*"*"!*" tUrhut. Gotlwnburg Ifalmo Stockholm. M«lsin*i. Sondert)urj *»n»ntom I* IMm, *m»t»rd»n. 0»lo, B«lt. Zurich |rMMKIu««n to 8/omon Soutluaioton to *11 UK destinations Belfast ant Dublin CONTAINERSHIP SERVICE FROM UK/CONTINENT: LONDON EXPRESS HAMBURG EXPRESS*
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      Page 27 Advertisements Column 2
      915 27 «> #%tiA uftllO I IMC WEEKLY EXPRESS INDEPENDENT YANG LINt FAR EAST/EUROPE FULLY CONTAINERISED SERVICE WESTBOUND Alto accepting lor Inland UK destinations Antwerp and Scandinavian ports FMG FLOTA MERCANTE GR ANCOLOMBI AN A S A (NATIONAL LINE OF COLUMBIAI eastbound QUEENSWAY BRIDGE (USE CHOYANG PARK OOZE HANJIN OAKLAND OD2E CHOYANC
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      Page 27 Advertisements Column 3
      346 27 Co (Pte) l.tdl r****' TEL *****06 (20 Lln«.) TL* RS22MI R*****2 Hong Kong Yokohama 6/7 Nagoya 1/7 Osaka Senboku Moji Funabashi 5/7 •For Discharging Only NOTE; ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN CHINESE PORTS. SUBJECT INDUCEMENT IML INTERMARITIME SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS IML VSS* 1/7 7/7 I*7
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      770 28 HSINOSE MARITIME PTE LTD Mfißl ISLAMIC REPUBLIC OF |flPj| IRAN SHIPPING LINES IRANIAN SERVICE Singapore Loading for: IRAN BAYAN PJL7OO KYOWA LINE INTRODUCING KYOWA FAST DIRECT B/HULK/CONTAINER SERVICE FROM S'PORE/PK TO GUAM/SAIPAN AND MICRONESIA PORTS nHnuiiv •A' VSL (TBN) •MICRONESIA PORTS OIRECT CALLS ON INDUCEMENT BASIS AND OR TMJ4SIJ T
      770 words
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      Page 28 Advertisements Column 2
      1052 28 HANJIN SHIPPING CO., LTD P t TA[NERISEC I >EfU t "E TO EUROPE VIA SUEZ I TO USA PACIFIC SOUTH WEST CHOYANG CHANCE 042W HANJIN HASAN OWW HANJIN IE HAVRE 002W QUEEN S WAY BRIDCE OOW TO FAR EAST PORTS QUEEN'S WAY BRIDCE 00K 19/6 CHOYANG PARK 002E 26/6 HANJIN
      1,052 words
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      Page 28 Advertisements Column 3
      1302 28 EVER GREET EVER GOLDEN EVER GLOBE EVER GENIUS EVER GIANT EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) PKL SGP HKG KSG KLG PUS MKT OSK TYO BAL LMV ANW ROM FU( H«C SCP 13* In Pt 214* 19* 23* 28* 28* 30* 0307 2807 <** 09* 10* 11* UOB
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      896 29 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, »03-00, Singapore 0106. Tel: *****33 CONTAINER SERVICES FAR EAST VOY SIN 3958 17/6 4358 30/6 1388 17/7 ACCEPTING MURURAN/TOMAKOMAI/HITACHI CARGO VIA HKC SURABAYA/SEMARANG VESSEL MAJAPAHIT SEA HAWK SEA HAWK GOWA SEA HAWK VESSEL SEA PEARL KOTA ME I ATI SEA PCARL KOTA
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      Page 29 Advertisements Column 2
      376 29 BEN USE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAM B HAVEN OAM HAVRE SIO* I P KLANC S POAII FO* London Eipreu Sailed S>M Sailed Sailed Sa ed 14* 15* HUt RAO Hjnbu'i Express Sailed Sailed Sale* Sailed 17* HUG. SM TK. Silled Sailed Sailed
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      Page 29 Advertisements Column 3
      333 29 I* DJASAQETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAHUDERA IMOOMESI* P.T. TRIKOBA LLOYD unm sn miiwMf mwtu mw n tmft S PANJANG/22 NB L i BONTANG/IIWB S PORE ANTWERP H 6U ROAM ADAM BR El v-m up 1S (ACCEPTING CONVENTIONAL ANO CONTAINERISED CARGO) nan
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      Page 29 Advertisements Column 4
      523 29 BOUSTEAD SHIPPING AGENCIES la LOIKAW VI46W HTONEYWA V24BW PAGAN VI42W BASSEIN MYANMA FIVE STAR LINE (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok NORTHBOUND TO UKC IVYBANK V24N TAUSALA SAMOA VISN CLYDEBANK V26N THE BANK LINE SEMI-CONTAINER SERVICE SPORE RDAM HMBG HULL 18/6 19/7 23/7 26/7 15/7 11/8
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      970 30 OOCL FRIENDSHIP NEPTUNE JADE OOCL FORTUNE AMBASSADOR BRIDGE OOCL FRIENDSHIP NEPTUNE JADE OOCL FORTUNE AMBASSADOR BRIDGE FEEDER VESSEL RHEIN BRIDGE NUMBER BRIDGE NEPTUNE ZIRCON FEEDER VESSEL VOY HONGKONG CONTAINER 60E RHEIN BRIOGE 2E NUMBER BRIDGE 3E NEPTUNE ZIRCON IE NEPTUNE TOPAZ SEVEN SEAS BRIDGE HONGKONG CONTAINER RHEIN BRIDGE RHEIN BRIDGE
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      Page 30 Advertisements Column 2
      693 30 x/m AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Singapore P Kelang Penang Loading tor: Motrw* VsJ By Feeder By Feeder KALIDAS V 43 3 July 21 June 27 June Frem Metb Sydn Adel TULSIDAS V 4? ft lull 20 July 20 Jo»» F rem Melb Sydn Adel KALIDAS V 44
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      Page 30 Advertisements Column 3
      453 30 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23. T*lo» Ayf Street SINGAPORE 010* TEI U4MM (10 LINES) FJI U4HO4 STRAITS/PERSIAN GULF SERVICE: GOLDEN WONDER Cotombo, tortcM/Out* GOLDEN HAVEN CHINA SERVICE GUSHAN Dilan S pore P Kelang Penang 22/24 June 12/14 Jul* CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC
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      Page 30 Advertisements Column 4
      477 30 HEAD OFFICE 63 ROBINSON ROAD «0712 AFRO-ASIA BUILDING. SINGAPORE 0106 TELEX RS ***** PHIL! FAX *****76 MUOiE EAST/FAR EAST FCt t LCI t£WC£ I II I -I VESSEL ETA SINGAPORE 16/t 21/6, 30/6 nn. W DESTINATION DUBAI DAMMAN, KUWAIT. DONA. MUSCAT. BAHRAIN ABU OHABI 4 SHARJAH JEDDAH (LCL) WEEKLY AQABA.
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      1391 31 Agents S pore Gwwal Bookings Enqui'ws FE Ell Al NEPTUNE AGENCfS PTE. LTD I Bookings UST T PA; SEA (CR NO. **********0E) NOL NEPTUNE ORIENT LINES LTD P Ketang Lumpur Ptnty *****7 *****33 *****5 NEPIME SON BHD as *****0 23tt*l *****1 *****2 EXPORT TO" EUROPE UK (VIA SUEZ) 1 H)R
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      Page 31 Advertisements Column 2
      861 31 SINGAPORE SOVIET SHIPPING CO PRIVATE LTD Ol awiki v«ii« ww SINSOV BUILDING 55. Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41 Cable Address SINSOV SINGAPORE Tele* Numbers RS 213 M RS ***** RS ***** 55*5? TtinMr U7 p-uni street Penan#. Malm* HANDLING SYSTEM CO SOW BMO SSsfrwuE&.svr
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      Page 32 Advertisements Column 1
      467 32 SINGAPORE SHIPPING r CORPORATION (PTE.) LTD. TU 6868 (34 Lines) fAX *****39 *****/6 TU(X 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 OUTBOUND I SIN *LCA ANT ROM HBG
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      Page 32 Advertisements Column 2
      67 32 T.S.K. LINE WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL TSKLINE OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MV. HAKUSAN II V7A ETA SIN XOTH JUNE 19*9 i > kaoshiung S PORE —J -> KEELUNG TOKYO "> SHIMIZU NAGOYA -> KOBE 4 DAYS 5 DAYS 8 DAYS 9 DAYS 10 DAY
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      151 32 I 4 A jy i mwc y SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. Jur* 14, 1989 lEGENO R Temper otvjre »q Thunderstorm Weother Wind drection with speed m knots y Sho««< Q Rom Wove he«ght Cloudy Sky Swrfoce w»ds a'« indicated by orro—i wkich fty »itk tke vi
      151 words
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      749 33 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 cn a n -~J -U OjjjjJ-=*ll Algerian National Line FAR EAST/ MEDITERRANEAN SERVICE S PORE LOADING FOR BEL ABBES 25/6 alger/oran/annaba/tunis ALL VESSELS ACCEPTING FCL CONTAINERS FOR JAPANESE PORTS Heavy Lift 100 tons available On Inducement can call Indonesia
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      Page 33 Advertisements Column 2
      337 33 w IS pi RICHFIELD MARINE AGENCIES [S| PTE LTO TEL: *****33 (10 Lines) FAX *****15 TELEX RS ***** RISHIP (3 Lines) <tt*tifHWt I km of Ethiopia) ACCEPTING FCL ANO CONVENTIONAL PEN/PKG ETA SPOfIE NETSANET tV« VOV IiWB ABBAY WONZ 17(1 VOY 20WB DARESSAIAAM MOMBASA DJIBOUTI ASSAB MASSAWA HOOEIOAH DAfIESSAL AAM
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      Page 33 Advertisements Column 3
      990 33 SIGMA EXPRESS (S) PTE LTD v CRYSTAL FREIGHT LrS SERVICES PTE LTO v TEL: *****88/*****22 HONGKONG/ CHINA BANGKOK P. KELANG/PENANG BUSAN KEELUNG/KAOHSIUNG MANILA TOKYO/YOKOHAMA JAKARTA SYDNEY/MELBOURNE FREMANTLE PORT MORESBY/LAE COLOMBO LOS ANGELES/INLAND PORT AUCKLAND ROTTERDAM/ANTWERP HAMBURG FELIXSTOWE/LONDON 16/6 A 19/6 15/6 A 16/6 17/6 A 24/6 17/6 A 19/6 16/6
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      Page 33 Advertisements Column 4
      125 33 BALTIC ORIENT SHIPPING PTE LTD. VIETNAM RO/RO LO/LO SERVICE Hamburg West Germany Tiger Line INDEPENDANT COMMON CARRIER SERVICE SINGAPORE MADRAS SHUTTLE SINGAPORE CALCUTTA MV TIGER BAY. MV SUSAK BEN LINE AGENCIES (S) PTE. LTD. Telephone: 225 3522 Telex: ftS ***** TRANS-SIBERIAN RAIL SVC '».t— w». GUARANTEED SAILINGS/COMPETITIVE RATES ON CONF/NON-CONF
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      Page 33 Advertisements Column 5
      116 33 FARGO SHIPPING Tel: 284 01SS DESTINATION ETA SINGAPORE m i an: iHTf.TiTTKim.iii MANILA JAKARTA (FCL ONLY) TOKYO. KOBE. BUSAN (FCL ONLY) KARACHI. BOMBAY. COLOMBO (FCL ONLY) 20/6. 27/6. 4/7, 11/7. 11/7 16/6, 23/6, 30/6, 7/7 14/6, 18/6. 20/6, 21/6, 25/6. 27/6 23/6. 4/7, 19/7, 25/7 15/6, 24/6, 4/7, M/ 7
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      Page 34 Advertisements Column 1
      88 34 GOODWAY LCL ACCEPTANCE TO NOUMEA. FIJI HKG NOUMEA SUVA 23/6 V 7 W 7/7 22/7 5/8 1/9 EXPRESS SAILINGS TO PAPUA NEW GUINEA port MOMSvr u* 2/7 12/7 GOODWAY CONSOL VIA SUVA TO: APIA PAGO PAGO TARAWA KIKIBAIi NUKUALOFA TONGA RAAOTONGA FUNAFUTI TUVLU fU SIN SUVA VSL: (TBN 0101) W
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      Page 34 Advertisements Column 2
      687 34 OcerhSeruice LCL/FCL SERVICE TO/FROM k operates over 600 terminals/offices in U.S.A. maintains over 35,000 tractors ft trucks, serves over 60,000 points in U.S.A. offers raliabia LCL/FCL services. SINGAPORE oxtsmSS 778 6522 (22 LINES) SS™ Contact: Elaine Tao, Esthar Yap. 21J***** F\«r A C SAV -.11. TO/FROM S PORE MOTHER VESSEL
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      Page 35 Advertisements Column 1
      681 35 Everett Lines! CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Penang* P Kelang* Singapore JOHNEVERETT 18/20 Jun MURRAVEVERETT 4/6 J"' W Jul THOMASEVERETT W 22 jul ORIENT LINE'* JAPAN/BAY OF BENGAL/JAPAN SERVICE LOADING FOR YOKOHAMA, KOBE, NAGOYA, MOJI, TOKYO* AND OTHER JAPAN PORTS' ALSO ACCEPTING CARGOES TO HONGKONG*, DAVAO* AND
      681 words
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      Page 35 Advertisements Column 2
      415 35 ZIM FULL CONTAINER SERVICE jctepling FCL/LCI cargoes to USA East I West Coast. Carribbean East Canada, HAITI Costa R«a. El Sal»ador. Guatemala. Nondufas Venezuela. Peru. Ecuador Colombia via Miami. Trintdad. Barbados Antigua. St Lucia. Montserrat, Guayana via Kingston lasniaianiMllMgaigMiCTlaMl IM LIVORNO IM GENOA 1/7 I2IM KELLUNC 13/7 UIM N£W YORK
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      Page 35 Advertisements Column 3
      779 35 9MW9WM UtAMPOHrAIIOM (»T») LTO WEEKLY LCL/FCL SERVICE DESTINATIONS ETA SINGAPORE PORT KELANG 17 JUNE MANILA 16 JUNE HONG KONG. ALL CHINA PORTS 17 JUNE KEELUNG. KAOHSIUNG 18 JUNE BUSAN 23 JUNE TOKYO. KOBE 23 JUNE CHITTAGONG 12 JUNE DUBAI 23 JUNE SYDNEY. MELBOURNE 21 JUNE ROTTERDAM, HAMBURG, LE HAVRE 17
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      Page 35 Advertisements Column 4
      498 35 WEEKLY Pull container service ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA General Agents: ASIA PERINTIS LINES PTE LTD 80 Anson Road #25 04 IBM Towers Singapore 0208 Tel: *****33 Tlx: ***** A/B PTASIA FAX: *****53 CR NO **********0 C m (Ported China Ocoon Shipping Unoo) Dominations: smwam a
      498 words
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      Page 35 Advertisements Column 5
      443 35 PTC CONTAINER LINES FCI LCI SERVICE FAR EAST 18/6 KEELUNG/KAOHSIUNG 15/6 BANGKOK 16/6 MANILA 17/6 JAKARTA 17/6 PORT KELANG/PENANG 15/6 BUSAN 20/6 TOKYO/YOKO/KOBE 16/6 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen Xingang/Shanghai 3 1 i, 111J yj l 17/6 RDM/HAM/ANT/LE HAVRE/GENOA 17/6 LDN/FLX/LVP/SOU SIN USA/CAMABA 19/6 L.A./NYC/SFO 17/6 VANCOUVER/TORONTO/MONTREAL
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      Page 36 Advertisements Column 1
      175 36 KAMPUCHEA SERVICE Vessel Voy ETA ANABAS V8905S In Pt TZU HANG V8907S 19/6 Destn Kampongsom Phnom Penh TEL *****07 TLX: ***** FAX: *****76 &> ROCO CARRIERS NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES Liner services accepting FCL containers (GP and reefer), LCL and breakbulk cargo for both north and southbound. Heavylift capacity
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      Page 36 Advertisements Column 2
      33 36 v SUN UNION LINE k REGULAR SERVICE TO KARACHI S PORE LOADING FOR OCEAN HAWK Vll6 22/6 KARACHI Aa«ntS' SHIBUSAWA MEtSHIN H.T.V. TRANSPORTATION CO (PTE) LTD. T»l: 223M22 Til RS 21«11 F.» *****24
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      Page 36 Advertisements Column 3
      804 36 biK JE CONTAINER LINE V TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST 17/t ft 24/6 17/4 ft 24/4 15/4 ft lift IS/t ft 11/4 IS/4 ft 11/4 IS/4 ft 11/4 15/4 ft SRI LANKA/ INDIA 20/4 A 27/4 KARACHI 20/4 ft 27/4 CALCUTTA
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      Page 36 Advertisements Column 4
      645 36 Mitsci OS K. Lines. Ltd FULL CONTAINER EXPORT TO: UK/CONTINENT (TRIO) !>n P.U*| Vtaa M'hirf Itmn la Hi ALASKA BKRU M* M J2 K S H M SKJT jS $$JK MEDITERRANEAN (MED CLUB)* Ala* taapbni Carfe far KaaMur| Is r npanAiffi Aarftu* Gathanaura. Maim Ktttri— to AMvrp A—tar*— (M*. Slaciholai
      645 words