The Business Times, 1 September 1987
1987-09-01
1
28
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The Business Times
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Title Section11 1987-09-01 1 BUSINESS TIMES MCI (P) 112/12/86 TUESDAY, SEPTEMBER 1, 1987 75 CENTS11 words
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Article, Illustration175 1987-09-01 1 Exchange rates The Singapore dollar yesterday closed stronger against the US$ at 2.1040/50 (2.1045/55) in the forex market. It also finished higher against regional currencies such as the Malaysian and Hongkong and other major currencies like sterling, Swiss franc. D-mark and the yen. US$: 142.20/30 yen, 1.8140/50175 words
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Article49 1987-09-01 1 Router ALL 83 PEOPLE aboard a Thai Airways Boeing 737 which crashed into the sea on a domestic flight on Sunday are feared dead. A senior airline official said that first reports indicated that the pilot had veered off course to avoid another aircraft. Reuter— Router - 49 words
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568 1987-09-01 1 AMY BALAN - By AMY BALAN SINGAPORE'S desire to become a major player in the global money game has led to a link-up with yet another international financial centre this time with the major European bond market in Luxembourg. A proposed link between the Stock568 words
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Article, Illustration251 1987-09-01 1 SHARE PRICES in Singapore fell across the board in nervous but light trading. Dealers said the aelling pressure could be due to profit-taking and stop-loss selling by jittery investors following reports that five mosques in Pahang were damaged by fire in 24 hours.251 words
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Article, Illustration642 1987-09-01 1 GENEVIEVE CUA - A centre of attraction for shoppers By GENEVIEVE CUA MARINA SQUARE'S bid to rival Orchard Road as the centre of Singapore shopping gets underway today with the opening of local retail giant Metro's latest store, Metro Marina. Early next month, Japanese retail giant Tokyu642 words
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473 1987-09-01 1 Reuter. Bernama THE MALAYSIAN KING and thousands of his subjects yesterday celebrated 30 years of independence in front of the Selangor Club in the centre of Kuala Lumpur where the country's flag was first raised. The King, currently the Sultan of Johor, saluted andReuter.; Bernama - 473 words
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Article, Illustration509 1987-09-01 1 ANNA TEO - By ANNA TEO FOREIGN WORKERS will number no more than a quarter of Singapore's workforce, Trade and Industry Minister Brigadier-Gen-eral (Res) Lee Hsien Loong said yesterday. "We've no absolute limit in mind," he said in Parliament in reply to Opposition MP509 words
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Page 1 Advertisements
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Advertisement118 1987-09-01 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM «rrsA COMPUTER SCREEN. ITS A TV. MONITOR ITS WORRY FREE UNTIL THE END OF 1990!" "IT'S A SONY!" wm YJtt G UARjfN,TEE KX-14CP1 Computer graphics, Video Movies or TV have never looked finer! Sony's Super Trinitron colour monitor displays bolder huesand sharper contrasts The118 words
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Advertisement312 1987-09-01 1 Specialty chemicals SOUTH-EAST ASIA is expected to become one of the most price-competitive areas in the world for specialty chemicals. And with Singapore lying right smack in the centre of things, the Republic's specialty chemical factories are poised to expand their operations. See page 10 for the full report. MDS312 words
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Advertisement14 1987-09-01 1 Focus on the Malaysian economy, Page 9 Three more Pahang mosques razed, Back Page14 words
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Advertisement70 1987-09-01 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM More Parliament reports on Back Page Leader, Page 10 Sar'Ear /A pi Get that winning spirit Ferrari Formula is a bold expression of style and elegance. Choose from a wide range of high-tech Ferrari Formula watches, pens, lighters and leather goods. b» rerrari formula70 words
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Page 2 Advertisements
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Advertisement492 1987-09-01 2 U> HI m y >Sf;"- V..- ■•*&£&s "V #> >>> i**#: :<■ s feliSlsS «1 II •<•*■• PP '< rs* a V &*> v- s■V *4SI ~.s < v >3 V vji -A rJ$? v V...» 1 v »v > t 4ri.;*> —f *<► 4.V rfe- s£ 1 v v\492 words
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HOME NEWS
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499 1987-09-01 3 LOH HUI YIN - By LOH HUI YIN REVENUE COLLECTED by the Customs and Excise Department last year dropped below the $1 billion mark to $882.73 million. This is the second year running that revenue has fallen, with the $882.73 million collected representing a 13.66 per cent dip499 words
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154 1987-09-01 3 LABOUR-MANAGEMENT issues and employment matters will top the agenda when Labour Minister Lee Yock Suan pays a 10-day visit to South Korea and Japan. Mr Lee is attending the 11th Conference of Asian and Pacific Labour Ministers in Seoul. The four-day conference, which begins154 words
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Article271 1987-09-01 3 BP DETERGENTS, the £200 mil-lion-a-year British soap and detergent maker, is shifting its marketing focus to South-east Asia, and bringing the maker closer to the market. Within the past two months, it has bought over two leading household and personal cleaning product manufacturers in271 words
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Article, Illustration232 1987-09-01 3 SONNY CHUAH has joined Raychem Singapore as general manager. At Raychem, Mr Chuah will be responsible for the company's Singapore operations and the regional warehousing. UM CHENG KIM is now marketing manager of Allied International Designers Pte Ltd. Miss Lim, a graduate of the University of Kent232 words
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Article94 1987-09-01 3 SOME 6,000 households will be surveyed by the Labour Ministry this month in its bid to update its data on employment in Singapore. Interviewers from the ministry will be visiting these selected households to collect information such as sex, age, education, marital status, occupation, employment94 words
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462 1987-09-01 3 ELECTRONIC TOY CARS made by the Nikko group in Singapore beat more than 9,900 worldwide companies to win the coveted Sears' 1986 Partners in Progress Award. Nikko was one of 75 companies which were given the award. These winners had462 words
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160 1987-09-01 3 DR RICHARD HU, Minister for Finance and chairman of the Monetary Authority of Singapore, left yesterday for a long trip that will take him ultimately to the joint annual meetings of the Boards of Governors of the World Bank and the International Monetary160 words
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Article243 1987-09-01 3 Labour are we short? THE RECENT DEBATE on whether there is a labour shortage in Singapore has prompted the Government Parliamentary Committee (Labour) to seek views and suggestions to find out if there is a mismatch of demand and supply of labour. In response to some complaints from companies that243 words
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Article, Illustration482 1987-09-01 3 JEFFREY TSANG - By JEFFREY TSANG WHILE THE ORGANISERS are still adding up the figures, the Singapore Informatics show last week is already emerging as a great success. Some $50 million worth of business was transacted during the four-day exhibition at the World Trade Centre. And although it482 words
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Article168 1987-09-01 3 THE National Kidney Foundation is on a fund-raising drive to set up dialysis centres in Housing and Development Board estates. Billed the "Lifeforce" project, the foundation hopes to rally islandwide support through the organisation of games, sports and other programmes. The publicity for the project is168 words
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178 1987-09-01 3 SINGAPORE is the second safest work site in Asia, after Japan, and this is an achievement that we can be proud of. Mr Jimmy Koh, president of the Singapore Contractors Association, quoted this achievement from the International Labour Office statistics. He was speaking at178 words
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Page 3 Advertisements
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Advertisement63 1987-09-01 3 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day That's right! You can have the Southern Seas, the Padang and Raffles Place, and of course, historic Singapore. Whole-floor offices of 10,000 sq ft Parking-more than 700 lots Reasonable rental r Ui i I Shaw Towers Owner Principal Agent Gokfan63 words
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Advertisement225 1987-09-01 3 Daisy Whed Printer THIS UNIQUE PHMIERB ATWHN-DNE Brother /*&s?/ Daisy Wheel HR-20^/ Printer offers with optional a hOSt Of Keyboard KB-150 g features not available on other printers at any price. Equipped with Dual Interface (C P. RS--232C), it connects to practically any type of computer to give you impressive225 words
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OVERSEAS
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570 1987-09-01 4 NYT NEW ORDERS for Americanmade machine tools plummeted 19.7 per cent in July from the previous months' levels, following strong increases in May and June, according to a report which was released yesterday by the National Machine Tool Builders Association. The July figuresNYT - 570 words
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Article, Illustration295 1987-09-01 4 UPI, Reuter IRAN WILL NOT SEEK assistance from the Soviet Union in case it is attacked by US forces in the Gulf, an Iranian newspaper reported on Sunday. The Teheran newspaper Kayhan quoted parliament speaker Akbar HashemiRafsanjani as saying Teheran would notUPI,; Reuter - 295 words
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Article202 1987-09-01 4 AFP NICARAGUAN President Daniel Ortega introduced harsh austerity measures over the weekend, including a sixth weekly workday for all civil servants. Gasoline and diesel prices will go up 100 per cent and monthly rations will be lowered 11 per cent to 64 litres for each vehicleAFP - 202 words
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344 1987-09-01 4 Reuter CHINESE state enterprises are forming illegal cartels, abusing price systems and selling bad materials, pushing the country further into debt. The People's Daily said yesterday a 17-month probe ending in May had discovered nearly 34,000 malpractices by state enterprises selling industrial raw materialsReuter - 344 words
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257 1987-09-01 4 Reuter NEW ZEALAND can see a strong reason for remaining in Fiji, despite reports that Fijian army leader Colonel Sitiveni Rabuka had called on Australia and New Zealand to withdraw their high commissioners, Prime Minister David Lange has said. "If the military strongmanReuter - 257 words
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304 1987-09-01 4 Reuter AUSTRALIAN Prime Minister Bob Hawke, re-elected for a third term last month, has received another rebuff from his Labour Party for the proposed privatisation policy. Both moderate and extreme factions of the party's South Australian branch voted unanimously on Sunday night toReuter - 304 words
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Article87 1987-09-01 4 Reuter AUSTRALIA'S most populous state. New South Wales, will introduce tough laws to protect ethnic minority groups from racial slurs. Premier Barrie Unsworth has said. Under the legislation, anyone caught vilifying or ridiculing minority groups would risk penalties of up to A 540.000 (U5528,400). heReuter - 87 words
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112 1987-09-01 4 Reuter A WORLD BANK team arrives in Sri Lanka today to help in the island's biggest reconstruction effort, repairing the damage caused by four years of ethnic war. "The mission is more crucial than talks connected with the annual meeting of countries helpingReuter - 112 words
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262 1987-09-01 4 AP WITH THE United States Congress due to act soon on proposals to protect US jobs and businesses from foreign competition, the World Bank and International Monetary Fund (IMF) are moving to thwart protectionism. Bills on trade to increase jobs and business in theAP - 262 words
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Article751 1987-09-01 4 ARRIVALS DEPARTURES Operator Service Local From Operator Sorvfco local For numbor Hrno numbor ttnw SU SQ11 0045 IAX/NRT FT FTAA r>->™ UA UA805 0045 SFO/HKG 50 5M52&5/ IT FI73 00« £V«/ANC/ s» SO.OJ 0730 MAS UIUJI 01 0 iT,' 0 1 "H40J 0745 KUl w so*! Mis751 words
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Page 4 Advertisements
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Advertisement276 1987-09-01 4 STUDY NOW IN MALAYSIA AND SAVE ON OVERSEAS TRAVEL COSTS AND TIME University of East Asia invites applicants for the 9TH INTAKE of 2 UNIQUE PROGRAMS TO ADVANCE YOUR CAREER OR PROFESSION MASTER OF BUSINESS ADMINISTRATION DEGREE (MBA) DIPLOMA IN MANAGEMENT (DIM) Commencing: Jan 1988 Closing date: 01 Dec 1987276 words
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Advertisement58 1987-09-01 4 r I If If \f llf The business person's choice, every I I II I II Tuesday, Thursday, Saturday and I 1 f|\l I II f Sunday. Leaving Changi Airport at _I_ 1 JL 22.05 hours and arriving at Lester B. Pearson International Airport the following day. Coll your Travel58 words
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Page 4 Miscellaneous
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Miscellaneous187 1987-09-01 4 Singapore OUTLOOK: Showers over Mvtn' areas In ttw lata morning and oocty afternoon. Report for 24 hours prior to 7.30pm on Aug 31 at the airport: Moscow 16/09 Rain Nassou 31/25 Cloudy Now DoM 34/24 Cloudy Now York 28/13 Showers Nicotic 36/23 Clear Oslo 19/08 Cloudy Ports 27/15 Sunny Perth187 words
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MONEY AND EXCHANGES
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Article548 1987-09-01 5 DECEMBER Eurodollar tapped lower yesterday at 92.08 during Simex opening on bearish sentiments from a weaker US dollar, high ...federal funds rate and speculation of a rise in the v discount rate. > The December contract j continued to drift lower to 92.02 before short-covering lifted it to close548 words
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Article1094 1987-09-01 5 SINGAPORE: The US dollar closed higher yesterday against major currencies on short-covering following renewed tension in the Gulf and fears of fresh Bank of Japan intervention. The dollar s rise against the yen was limited by selling interest from Japanese exporters and trading houses at about 142.30 yen.1,094 words
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134 1987-09-01 5 Reuter FINLAND'S central bank has raised the cash reserve requirement for commercial and savings banks to 4.9 per cent from 4.7 per cent effective from Sep 1. Central bank monetary policy director Ralf Pauli said: "We have been using three-month certificates of deposit to influenceReuter - 134 words
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Article82 1987-09-01 5 Treasury bills P*riod Issue Yesterday's dosing Day's cod* Maturity WD OFFM HIGH LOW 3 monlfw RQ*****H 26.11.87 3.13 3.03 3.12 3.11 6 monlht BS*****Z 21.01.88 3.21 3.11 1 year 8Y*****S 30.06.88 3.35 3.25 Government notes end bonds Period Issue Maturity Coupon Yesterday' s dosing Day's cod* rate82 words
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Article60 1987-09-01 5 THE OVERNIGHT RATE on the Singapore interbank market fell 3/16 point to 1/16 per cent yesterday. One and three-month term rates rose 3/16 point while the two-month was up 1/16. S$ Interbank rates at 7pm yesterday: ora MO Ow1/1« 0 In* 4 1/4 4 1/e 2-manrti 4 1/460 words
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Article313 1987-09-01 5 ASIAN DOLLAR deposit rates closed steady at firmer opening levels in quiet afternoon trading yesterday. Most operators were sidelined in the afternoon session due to lack of fresh factors. Period rates firmed between 1/16 and 3/16 point at the outset due to a fall in US bond313 words
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Page 5 Advertisements
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Advertisement25 1987-09-01 5 jAA Philippine Airlines 1 THE CHARISMA OF THE FILIPINA. IT COMES AND IT SHINES ON EVERY FLIGHT. SHINING THROUGH i" ■i; tilt; HERE DEEP WITHIN.25 words
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Page 6 Advertisements
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Advertisement458 1987-09-01 6 When you consider the size and variety of the financial risks that almost every large company has had to manage, it's a tribute to their treasurers that any companies survived at all let alone emerged successful. With a blend of science, creativity and (occasionally) crossed fingers, company You're producing great458 words
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BANKING AND FINANCE
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508 1987-09-01 7 Reuter THE DOLLAR'S weakness and the buoyancy of the US economy point to a further rise in domestic interest rates in the weeks ahead, economists said. The 30-year Treasury Bond yield rose to an 18-month high of 9.2 per cent last Friday, butReuter - 508 words
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139 1987-09-01 7 AFP THE BOLIVIAN GOVERNMENT could buy up its private foreign debt worth US$67l million for 10 per cent of its face value on secondary discount markets, according to a report released in La Paz on Sunday by the board of the Cartagena AccordAFP - 139 words
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261 1987-09-01 7 LEONG WEN WAH - By LEONG WEN WAH WITH THE MERGER of Security Pacific Corp and Rainier Bancorp in the US effective yesterday, the closure of the local offshore branch of Rainier is on the cards. BT understands the closure will take place in one or261 words
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642 1987-09-01 7 UPI A SMALL San Francisco bank that was doing deals in China before Richard Nixon broke through the Bamboo Curtain has scored another first. The Bank of the Orient in April became the first US bank to open a full-serviceUPI - 642 words
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Article138 1987-09-01 7 Reuter KENYAN President Daniel Arap Moi has ordered the country's two state-owned banks to sell up to 30 per cent of their shares to the public. Speaking at the opening of a new branch of Kenya Commercial Bank (KCB) in the coastal town ofReuter - 138 words
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705 1987-09-01 7 Reuter DEBATE on the trading rules and the roles of participants in the impending expansion of financial futures trading in Japan is intensifying as bankers and brokers and their Finance Ministry counterparts square off, industry and government sources said. After years of treating financial futuresReuter - 705 words
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143 1987-09-01 7 Reuter THE FEDERATION of Bankers' Associations of Japan has started developing a trading system for a comprehensive financial futures market comprising currency, interest rate, bond and stock contracts. A federation official said yesterday that it had obtained advice from Nippon Telegraph and Telephone Corp.Reuter - 143 words
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250 1987-09-01 7 Reuter NET PURCHASES of foreign bonds by Japanese investors fell sharply to US$B.94 billion in July from a record U5512.34 billion in June. A finance ministry official said yesterday that the steep decline in foreign bond purchases reflected the fall in US bond pricesReuter - 250 words
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408 1987-09-01 7 Reuter THE REGULATOR of the US farm credit system said while the system as a whole has the funds to carry it through this year, some district land banks still face the threat of severe problems before the end of the year.Reuter - 408 words
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Article, Illustration186 1987-09-01 7 Indicates the ivcrtgt of tht prim# landing ratii oi 12 ma|or bank* In S'pore Interbank market rates (offer/bid) on Aug 31 us$ DM SWFC Y«1 7 doyi 7 67/• 1 m«t 7 1/4 1/1 3 «*> 7 13/16 3/16 6 7 5/1- 1/2 12 8 1/16 7186 words
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271 1987-09-01 7 Reuter BUNDESBANK council member Lothar Mueller has said the central bank might have to make some money market funds available to banks at higher rates than recently. In an article in last Friday's edition of the business daily BoersenZeitung, he said banks could not expectReuter - 271 words
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Page 7 Advertisements
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Advertisement116 1987-09-01 7 Prime Off ices Warehouse For Sale By Tender A modern 4-storey office building and a quality 2-storey warehouse together with potential for additional office developments on this very large plot of freehold land. Location Harpers House 154 West Coast Road near Clementi West St t Rentable Office Area 28,899 sq116 words
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Advertisement278 1987-09-01 7 We are a very large banking and finance recruitment consultancy. Our clients are large international banks. We have the best access to banking jobs both locally and internationally. We handle all our assignments in the strictest confidence. 15-03 Octagon Building 105 Cecil Street, Singapore 0106 Tel: 225-4877 LONDON-BRUSSELS-HONGKONG-SINOMPOfIE-SYDNEY Jonathan Wren278 words
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COMMODITIES
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604 1987-09-01 8 MBT MALAYSIA now accounts for nearly 60 per cent of world production of palm oil compared with just 30 per cent in 1971, according to the International Monetary Fund (IMF). In the 1985-1986 season, Malaysia's production was estimated at 4.77 million tonnes butMBT - 604 words
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328 1987-09-01 8 Reuter PRODUCERS are bringing idle smelters back into use to meet a surge in demand for aluminium which has caused a meteoric rise in the price of the metal in recent months. Bringing in the extra capacity, however, may ease the marketReuter - 328 words
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Article164 1987-09-01 8 Reuter COMALCO LTD has said it expected high aluminium prices to continue in the second half of 1987, perhaps with some weakening toward the year-end. In a statement on the outlook for the aluminium industry accompanying its first half 1987 results last week. Comalco saidReuter - 164 words
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Article, Illustration341 1987-09-01 8 AP THE STOCKPILE of feed grains in the US is so huge that an expected production cutback this year may hardly affect total supply, according to US Department of Agriculture analysts. FeedAP - 341 words
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435 1987-09-01 8 Reuter CHINA, which feeds a quarter of the world's population on less than a tenth of the planet s arable land, is suffering a shortage of fertiliser that has helped slow grain output, the official press and foreign experts say.Reuter - 435 words
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Article56 1987-09-01 8 MOST products exhibited stable to firmer trend yesterday. U$$/barr«l Owng* Dubai (Oct) 17^42 0.22 Wmi Tamoi WTI (Oct) 19.43 -0.25 Products (FOB S'pore) U$$ /banal Owmg* KtfOMOt 23.40 undi Go toil 20.85 «di LSWt 17-50 -0.25 USS/NMW I Oong* NopNho* 51-50 2.00 H#ovy fwil 13-5% «u»p*~r 101-5056 words
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Article162 1987-09-01 8 Chinese Produce Exchange S«1l*rs' noon dosing prfcvi on August 31 (SS/100 kg) Coconut oil Bu* FOB 95.00 Old drum FOB 105.00 N«w drum FO# 109.00 Copra Mi«*d (loos*) 56 Pepper Muntok «+>r»« FOB NIW 1192-50 Sarawak whit* FOB foq NIW 1177.50 Sarawak spodal black FOB NIW 935.00 Sarawok162 words
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Article12 1987-09-01 8 KL TIN Closing prices on August 31 (M$/kg) Price Closed Turnover (tonnes)12 words
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Article207 1987-09-01 8 SINGAPORE The market closed firmer yesterday with September Ones RSS buyers quoted at 225.00 cents per kg, up three cents from last Friday. Dealers said the morning session firmed three cents mainly on higher Japanese advices, short-cover-ing and buying interest of nearby positions. A technical squeeze on the September207 words
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Article198 1987-09-01 8 RAS prices In S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 225.00 226.00N 225.00 226.00N bt f RSS S«p 87 225.00 226.00 225.00 226.00 lot 1 RSS Oct 218.50 219.00 218.50 219.00 bt 2 RSS OP 219.00 221.00N 219.00 221.00N198 words
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303 1987-09-01 8 AFP AN OFFICIAL with Taiwan's Board of Foreign trade said on Friday that the country would not import grain, coal, cotton or oth- er bulk commodities from China, 1 even through third parties. "Only farm and industrial raw materials that are not,AFP - 303 words
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192 1987-09-01 8 Reuter WESTERN OIL analysts in Beijing said they were sceptical about the size of a recent onshore oil discovery in northern China as reported in the official press. The New China News Agency said last week that geologists in Daqing, China'sReuter - 192 words
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Article82 1987-09-01 8 Reuter JAPAN'S Ministry of International Trade Industry (Miti) is considering deregulating certain commodity futures markets which it oversees, including precious metals. Keiji Miyamoto, director of Miti's commercial affairs office, said plans included raising the number of con- tracts which members and non-members might hold in individualReuter - 82 words
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Article217 1987-09-01 8 HONGKONG: The market was closed yesterday. TOKYO: Futures closed mostly steady yesterday, recovering from afternoon lows due to growing concerns over the Middle East. Prices ended two to 18 yen per gram higher, except spot September which ended four yen lower. Prices fell in the afternoon due to217 words
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Page 8 Advertisements
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Advertisement267 1987-09-01 8 0 <> 4 e FOTO/IX ■">• ID '""l "Wi2«, i J I ....v A 1 JS A i' 'Alh. °i 4 r > E> a FOTOVIX Film Video Processor. Project y(Hir slides or film on TV. For instant cropping, enlarging, even colour adjustment. With Fotovix, slides and film taken with267 words
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FOCUS
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Article, Illustration1713 1987-09-01 9 BRIAN GOMEZ - What is in store for the Malaysian economy after 30 years of independence? BT's Foreign Editor Asad Latif discussed the country's political developments yesterday. In this article, Regional Correspondent BRIAN GOMEZ looks at the uncertainties that cloud the country's future after two years of1,713 words
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Page 9 Advertisements
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Advertisement108 1987-09-01 9 You remember m&, yes tamze /title fellow who carry ze dishes on off ze ads for my restaurant. And now ze manager come up with, ze bright idea of me fetthrj you at 'about ze place myself. He want me hi sty all about ze great service fgive and ze108 words
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PERSPECTIVE
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482 1987-09-01 10 FIRST, a call to social responsibility. Now, a warning. If employers continue to discriminate against older workers, new regulations may be introduced to compel them to stop it, Labour Minister Lee Yock Suan said over the weekend. Mr Lee's warning followed remarks by two482 words
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Article, Illustration1946 1987-09-01 10 SAID ABDULLAH - By SAID ABDULLAH SINGAPORE is riding on the crest of the current worldwide wave in the specialty chemicals industry, encouraging existing manufacturers to expand their operations and drawing newer and more sophisticated players in the business to the Republic. After concentrating for a decade on1,946 words
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Article, Illustration730 1987-09-01 10 FOUR YEARS after setting up operations here, Olin Hunt Specialty Products, a subsidiary of Olin Corporation, a Fortune 500 company, has achieved tremendous success, says managing director William R Dewey. He estimates that the Singapore company will chalk up a significant 75 per cent730 words
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Article, Illustration974 1987-09-01 11 NYT EIGHTEEN MONTHS after ousting a man many called a dictator, many Filipinos are calling for strong leadership, which they complain President Corazon C Aquino is not providing. While Mrs Aquino continues to be a compelling symbol for the Filipino peopleNYT - 974 words
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Article, Illustration1240 1987-09-01 11 NICHOLAS KRISTOF - Immense benefits have been brought about in Asia as a result of the surge in the yen's value, especially in the four Asian NICs. NICHOLAS KRISTOF analyses the repercussions to the region and why the NICs are best placed to reap the benefits.NYT - 1,240 words
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Page 10 Advertisements
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Advertisement92 1987-09-01 10 IF YOU WANT TO KNOW I ft I V.': I *JO» \'OL i m w fi rj %W $re kU>v pes *V>U s^xn slop V v OVH s\n£ o« to ha\W i\a* \U« k vr M\n* vi v r v> v; I iTi I 01 (CS e> wofl* Ml* t992 words
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Page 11 Miscellaneous
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Miscellaneous1155 1987-09-01 11 to aiai) aaao® fory. 12.15 Omnlbuv 12.45 The World Today. 1.00 World News. 1.09 A Letter from Scotland. 1.15 Meridian. 1.45 Sporti Roundup. 2.00 Newsdesk. 2.30 Discovery. 3.00 Outlook, opening with Mows Summary. 3.39 Stock Morket Report. 3.45 Report on Religion. 4.00 World Now*. 4.09 Twenty-four Hour* News Summary. 4.301,155 words
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Miscellaneous672 1987-09-01 11 TOIMISKDaBSa m CRYPTIC PUZZLE ACROSS 3 Man in a mural photograph (5) 6 To play badly is one way to get a drink (5) 10 Record outsize symbols of trade (5) 11 Cause some friction (3) 12 Is he macho in a gauche manner? (2-3) 13 For whom life is672 words
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SPORTS & LEISURE
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Article, Illustration490 1987-09-01 12 AP JUST AFTER he made boxing history with his explosive right hand, British World welterweight champion Lloyd Honeyghan set his sights on a unification bout with American champion Marlon Starling. Honeyghan needed only 40 seconds of a scheduled 12-round fight to knock out American GeneAP - 490 words
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269 1987-09-01 12 Mike Thumba - -by Mike Thumba THERE IS A tremendous growth in interest in bridge among tertiary students. The president of the Singapore Contract Bridge Association, Mrs Nancy Yung, made this observation in her message to the National University of Singapore Society (NUSS) during the second inter-college269 words
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Article, Illustration688 1987-09-01 13 AP THERE IS Joe Dimaggio's 56game hitting streak and Wilt Chamberlain s 100-point game, and now now, there is Ben Johnson's 9.83-second clocking in the 100-metre dash. All history making-perfor-mances, the first two of which have stood the test of time, the latter a markAP - 688 words
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441 1987-09-01 13 NYT HE STUDIES the baseball box scores, watches hockey games on cable television in his Greenwich house and enjoys spending his days off on a golf course in pursuit of par. Ivan Lendl has been studying to be an American since he movedNYT - 441 words
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246 1987-09-01 13 NYT THERE WAS a vacant look in his eyes, as if Pat Cash had drawn the shade on his emotions. His voice was soft, his answers brief, hps barely moving, like a ventriloquist. But there was no puppet sitting alongside the winner and newNYT - 246 words
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Article, Illustration607 1987-09-01 13 WALTON MORAIS - By WALTON MORAIS IN THE AFTERMATH of the changing of the guard for Singapore tennis, Tan Ah Peng was at his candid best, putting the state of the game in perspective. "Mahader Hassan is over the hill," he was saying now without a trace of disrespect607 words
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Article314 1987-09-01 13 UPI CURTIS STRANGE, playing steadily while his pursuers faltered, shot a 1-over-par 71 last Sunday and set a PGA tour earnings record in capturing the US$BOO,OOO NEC World Series of Golf by three shots over Fulton Allem of South Africa. Strange posted rounds of 70-66-68-71UPI - 314 words
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Page 12 Advertisements
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Advertisement746 1987-09-01 12 "v t y/ Nt J 0 > ja LOCAL FOO V rssf At the fkff*Tprmnd We feature various local specialties. We recommend... THE HAINANESE CHICKEN RICE $7.00++ Served with Piping, Hot Chicken Soup with Bean Curd. HOTEL GRAND CENTRAL 22, Orchard Road/Cavenagh Road, Singapore 0922. Tel: *****44. Lounge They're new.746 words
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Advertisement185 1987-09-01 12 Singapore Airlines and Mandarin Singapore present •WiV fioowneT fssmm. 27 August to September 13 1987 A one-stop tour of the food, fashion and culture of seven countries. At The Mandarin Hotel Reception Hall (sth floor, South Wing). Special performances Malaysia: August 30 to September 1 Traditional music and dances. Lucky185 words
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Page 13 Advertisements
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Advertisement258 1987-09-01 13 ■■m mm r mm US Prime Rib of Beef, as good as ever, at only $19.50. Throughout the month of September we are offering for dinner US Prime Rib of Beef carved at your table side, served with braised onions, baked Idaho potatoes and a green salad at only $19.50.258 words
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Advertisement241 1987-09-01 13 V CAMTOM CARD&IH Pleasing, contemporary surroundings. With exquisite lunchtime dim sum and delicate Cantonese cuisine fit for an emperor. Closed on Mondays. 3rd Floor, Westin Plaza. For reservations, call 338 8585 ext. ***** or 330 8310. The Westin Plaza Raffles City 2 Stamford Road, Singapore (Hi 17. Westin Hotels Resorts241 words
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Page 13 Miscellaneous
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Miscellaneous73 1987-09-01 13 PLAY/HG FROM soG&y TL/RF. >\<z I •HI Si 5124 THE BALL MCJSTBE F/CACEO Uf* C LEA/VLY FROM WETTL/RF avo/£> cctttz/vg //vro the grass BEH/Hfr THE BALL, TH/S A i/TOMA T/CALL y RE&t/CES THE P/STAHCE THE BALL WALL TRAVEL. THE BALL SHOUL& BE FLAYEP A B/T FARTHER FORVVARP /H THE STAHCE,73 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4390 1987-09-01 14 AFTER weakening towards the end of last week, share prices were pushed lower over a broad front in extremely quiet trading yesterday. Only 10 counters managed to register gains against 160 which showed losses. Dealers said the market opened easier in line4,390 words
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Article184 1987-09-01 14 SINGAPORE Rises Indices F ft N 1390 10 Aug 28 Aug 31 t M M»6g, 400 10 8T Cowpodii 1307.46 1285.43 How Pof 665 5 8TO8/OS -210 -209 C Proportfot 555 5 IT CADI -5762 -5869 Falls IT 10-doy Mj K -5660 -5681 IT 08V ♦*****80 +*****64184 words
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Article4244 1987-09-01 14 SECTION ONE INDUSTRIAL COMMERCIAL Aemo (2 40S) 1141 2 43 Ml 244 (261 2 42 1161 241 (271 2 40 (29 239 »21 240 181 2 39 Alcom (0 64 Bl 111 064 Amof S)m< 50« (2 92 6 2 93 SI (101 I 2944,244 words
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Page 14 Advertisements
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Advertisement19 1987-09-01 14 Unit Trust table on Page 16 ■fa# «-> pp STANDS V The Nurturing and Parenting Book Magazine for only $519 words
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COMPANY NEWS
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Article, Illustration714 1987-09-01 15 MRCB rights some unanswered questions ma mm... By HOCK LOCK SIEW MALAYSIAN RESOURCES Corp's (MRCB) recently proposed one-for-one rights issue stands out as unique among the recent spate of cash calls announced by listed companies in Malaysia. MRCB's proposed rights issue, which is part of the prop-erty-based group's restructuring plans,By HOCK LOCK SIEW - 714 words
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156 1987-09-01 15 UNITED INDUSTRIAL Corporation has confirmed that its investment in Goldhill Square is part of the group s strategy of expanding its activities in the property sector. This is to enhance UlC's earnings base, the company said in its circular to shareholders on the proposed156 words
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271 1987-09-01 15 SINGMARINE INDUSTRIES, whose public offer of 35 million shares at $1.30 each opens today. will have a net tangible asset backing of 67.5 cents for each share of par value 50 cents. This is after adjusting for the estimated net proceeds of271 words
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154 1987-09-01 15 Reuter TAIWAN'S stock market posted a record single-day gain to hit a new high yesterday, but a stock exchange official said the market was overheated and urged caution. The weighted index surged 104.3 points to 3,075 as thousands of small investorsReuter - 154 words
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Article49 1987-09-01 15 MALAYSIAN ASSURANCE Alliance Bhd: Operating after-tax profit of M 51.32 million (M 51.06 million) for the year ended Dec 31, 1986, giving EPS of 22.1 cents (17.68 cents). Directors are not recommending any dividend for the year just ended. Barring unforeseen circumstances, they expect another satisfactory year.49 words
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Article, Illustration257 1987-09-01 15 OVERSEAS UNION BANK will spend more than $15 million over the next few years to upgrade the groups computer capability here and in Malaysia, said its managing director Lee Hee Seng yesterday. Mr Lee said yesterday's signing ceremony for the purchase of IBM, Tandem257 words
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500 1987-09-01 15 LEONG WEN WAH - By LEONG WEN WAH SMALLISH trading-based company Mulpha (Singapore) Ltd has changed hands and the new owners are two Indonesian merchants, Messrs Putra and Oka Masagung. Through a company called GTS Trading (S) Pte Ltd, incorporated in Singapore, they are paying 38 cents500 words
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Article, Illustration505 1987-09-01 15 LISA LEE - By LISA LEE WITHIN a fortnight, Johan Holding's new international corporate vehicle, Abacus Pacific NV, which holds all the group's foreign assets, is expected to be listed on the Australian Stock Exchange. The group also plans to list the Netherlands-incorporated Abacus Pacific505 words
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136 1987-09-01 15 HONG FOK Corp, which recently persuaded its bankers to agree to reschedule a $55 million loan for the Concourse project, has requested the Stock Exchange ot Singapore to lift the suspension of trading in its shares. Trading in its shares has been suspended136 words
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Page 15 Advertisements
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Advertisement117 1987-09-01 15 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid OAYAPI INDUSTRIES (MALAYSIA) BERHAD Certificate Nos. In the name of No of shares A *****/30 U B Nominees 2x1.000 Sdn Bhd KUALA LUMPUR INDUSTRIES BERHAD A *****4/5 Rothputra Nominees 2*1,000 Sdn Bhd A *****3 Assets Nominees117 words
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Advertisement417 1987-09-01 15 ANNOUNCEMENT The Directors of GTS Trading (S) Pte Ltd ("GTS" or the "Company"), a company incorporated in Singapore, announce that the Company has entered into a Sale and Purchase Agreement (the "Agreement") dated 31st August, 1987 with Mulpha International Trading Corporation Berhad ("MITC") to acquire 16,950,000 ordinary shares of Ssl.oo417 words
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REGIONAL MARKETS
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289 1987-09-01 16 AFP MATSUSHITA ELECTRIC Industrial Co Ltd (MEI) and Matsushita Electric Trading Co Ltd (MET) will merge in April to strengthen production and sales activities abroad. "There has grown a strong necessity for the two firms to work together more closely than ever beforeAFP - 289 words
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Article, Illustration551 1987-09-01 16 FT THE WIDELY-HELD view among foreign investors that the Japanese stock market is highly overvalued is contested in a new study by S G Warburg Securities (Japan). The idea that the Tokyo market is overvalued is based mainly on the relatively high price-earnings ratios there. TheFT - 551 words
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Article228 1987-09-01 16 Reuter JAPAN'S major life insurance companies have agreed to buy a portion of the US$lOO million convertible preferred stock which Bank America Corp plans to issue to boost its equity base Twenty life insurers met late last week and confirmed their commitment to the USReuter - 228 words
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182 1987-09-01 16 Reuter THE PHILIPPINES' Committee on Privatisation (COP) has rejected state-owned Philippine National Bank's (PNB) proposed sale of a bankrupt car assembler to Toyota Motor Corp. Finance Secretary Jaime Ongpin, who heads the COP, said the agreement did not conform with publicReuter - 182 words
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Article111 1987-09-01 16 HONGKONG Hongkong Index Monday Closed Friday 2365 59 Week ago 2222 33 Hang Seng Index Monday Closed Friday *****4* Week ago 3391 26 All Industrials Monday 3169.9 Friday 3175.2 Week ogo ***** NEW YORK Dow Jones Friday 2639 35 Thursday 2675.06 Week ogo 2709 50 TOKYO Nikkei Average111 words
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Article284 1987-09-01 16 Monagers' prices MARA-Bumiputra for Sep 1 first B'putro 753 758 Singapore Unit Trust Second B'putro Third B'putro 664 494 669 499 The Commute* 126 133 fourth B'putra 602 607 The Savings fund 1 10 1 17 filth B'putro 389 394 Spore P'Ofl fund 052 056 Sixth B'putro 4284 words
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Article132 1987-09-01 16 AUG 31 Cheil Sugar Daelim Ind Daewoo Corp Daewoo Heavy Daishin Securities Dong Ah Phar Dong Suh Slock WON ***** ***** ***** ***** *****0 ***** ***** 1100 unch -300 -50 8700 -690 -200 Kai Kangwon Ind Kia Motor Kolon Ind Korea Long Term Lucky Ltd Oriental Brewery Oriental Chem132 words
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Article490 1987-09-01 16 Reuter SHARE PRICES in Tokyo closed mixed in active trading yesterday on selective buying of special incentive stocks and selling of those which looked overbought, after rising to record levels in the previous three sessions. The 225-share Nikkei Average fell 18.95 points to 26,029.22, after climbing to a recordReuter - 490 words
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Article446 1987-09-01 16 Reuter AUSTRALIAN share prices closed weaker yesterday as investors dumped stocks across the board, worried by lower international gold prices and the third successive decline on Wall Street. Brokers said gold-re-lated and resource stocks were hardest hit after gold opened in Sydney at U*****.00/75 an ounce from U*****.40/90 lastReuter - 446 words
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Article169 1987-09-01 16 Reuter THE SECURITIES Exchange of Thailand Index rose 7.06 to 353.15 on a turnover of 4.83 million shares worth 711.30 million baht. Reuter AUG 11 *AHT Ao Kham Thai 196 Ayudhya Invwtmant 366 +6 16 Bangkok Agro-ind Bangkok Bank Bank Of Ayudhya Charoortg Thai Wira Cable 204 363 342Reuter - 169 words
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Article270 1987-09-01 16 242 00 22 AUG 31 MT S Kotin 40 50 15 All Sincara Indua Atil Cemtnt Cathay Con* 4 06 51.50 105 50 0.01 1.5 65 Kuochan Dav Laa Chang Yuan Cham Indua Lian Hwa Indua Nan Ya Plaa 53 50 36 10 26 70 63 50 3.5 -1270 words
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Article83 1987-09-01 16 AUQ 11 PESOS Marsteel 0 1350 Phil Overseas Philex B 0 1550 0 66 -001 -0 02 Anglo Phil Ptf H Apex Mining B Atlas Con 8 0 11 37 -0015 unch PLOT 627 50 -10 -10 -0 002 Baguio Gold Basic Petroleum Benguet Con B 0024 154 -083 words
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Page 16 Advertisements
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Advertisement568 1987-09-01 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KHOON ELECTRICAL CONTRACTORS PTE. LTD. (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN that at an Extra-ordi-nary General Meeting of Members of KHOON ELECTRICAL CONTRACTORS PTE. LTD. duly convened and held at568 words
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Advertisement554 1987-09-01 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PIK SING (PTE.) LTD. (11l Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Members of PIK SING (PTE.) LTD. duly convened and held at No. 279 (Ist554 words
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Advertisement519 1987-09-01 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 GOLDEN BANNER CO PTE LTD (IN VOLUNTARY LIQUIDATION) At an extraordinary general meeting of the company held at 156 Cecil Street, #07-02 Far Eastern Bank Bldg., S'pore 0106 on 27/8/87 the following special resolutions were duly passed: 1) That the company519 words
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Advertisement634 1987-09-01 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JEERAY (PRIVATE) LIMITED (In Members' Voluntary Liquidation) Special Resolutions NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Jeeray (Private) Limited duly convened and held at 111 North Bridge Road #12-01 Peninsula Plaza, Singapore634 words
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Advertisement397 1987-09-01 16 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF ASIAN TENNIS PTE LTD (Members' Voluntary Liquidation) FINAL MEETING NOTICE is hereby given, in pursuance of Section 306 of the Companies Act. Cap. 50. that the FINAL GENERAL MEETING of the members of the above-named company397 words
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INTERNATIONAL COMPANY NEWS
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378 1987-09-01 17 NYT THE SECURITIES and Exchange Commission and the New York Stock Exchange have begun intensive investigations into the merger discussions late last year between the E F Hutton group and the Shearson Lehman Brothers unit of the American Express Co. according to Wall StreetNYT - 378 words
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526 1987-09-01 17 NYT AB VOLVO, the Swedish food and automotive engineering group, continues to attract growing numbers of upwardly mobile buyers. The company sold 3 per cent more cars in the first half of the year than it did the first six months of 1966.NYT - 526 words
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288 1987-09-01 17 NYT LAZARD FRERES Co is trying to raise US$2 billion to make minority investments that would aid companies which are likely targets of hostile takeovers. This is the first such defensive fund on Wall Street and is designed toNYT - 288 words
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Article, Illustration665 1987-09-01 17 Hilton International eyed by as many as 35 potential bidders FT WHEN THE HILTON International chain of 90 hotels worldwide was acquired by Allegis of the US late last year, many other would-be suitors were left with the knowledge that they had failed to acquire one of the prime hotelFT - 665 words
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375 1987-09-01 17 Management incentive scheme put off FT GUINNESS PEAT, the UK finance services group, facing a hostile £338 million offer from New Zealand's Equiticorp, is placing a controversial management incentive scheme on ice for the duration of the bid and has launched an internationalFT - 375 words
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436 1987-09-01 17 Reuter TRYART PTY Ltd, owned by Warwick Fairfax, said it would make a takeover bid for John Fairfax Ltd to privatise and restructure the media group. Tryart would offer A 57.50 cash each for the outstanding shares in the group or threeReuter - 436 words
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149 1987-09-01 17 Reuter FINNISH ELECTRONICS firm Nokia Oy. rich after a US$lOO-mil-lion Eurobond issue in July, plans to broaden its market outlets through acquisitions later this year. "We are holding discussions with several electronics firms. I think «re will announce something thia year, andReuter - 149 words
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Page 17 Advertisements
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Advertisement231 1987-09-01 17 FIRST ISSUE 5 SEPTEMBER 1987. SUBSCRIBE NOW! THE SINGAPOREAN NEWS FOR SINGAPOREANS OVERSEAS r I m I! II m M Wit WEEKLY OVERSEAS EDITION M.CIC?) No. 222/3/B7 SATURDAY. SEPTEMBER S. I*7 m JVj V/VX/V/. The Straits Times Overseas Weekly. It's the new weekly newspaper, printed on lightweight paper in convenient231 words
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YESTERDAY IN PARLIAMENT
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338 1987-09-01 18 FOO CHOY PENG, ANNA TEO,WILLIAM CHIA - Reports by FOO CHOY PENG, ANNA TEO,WILLIAM CHIA STOCK EXCHANGE authorities will be asked to look into a proposal that publicly-listed companies should rotate their auditors once every tive years. The proposal was put up by Mr Chandra Das338 words
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Article338 1987-09-01 18 THE THREE schools going independent next year are setting up endowment funds. In support, the government is making a start-up donation of up to $1 million on a dollar-for-dol-lar basis to each of the funds. In addition, donations to the funds will be tax-exempt. This338 words
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237 1987-09-01 18 TO PROPOSE incentives which are overtty in favour of local investors runs against the fundamental spirit of the free enterprise economy in Singapore, Trade and Industry Minister Brigadier-General (Res) Lee Hsien Loong said yesterday. While the government recognises that local companies do face difficulties237 words
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330 1987-09-01 18 Glue-sniffing why approach is different A BILL aimed at containing glue-sniffing in Singapore was passed in Parliament yesterday. Under the Intoxicating Substances Bill, a person who is found to have sniffed glue will not be immediately put under compulsory treatment and rehabilitation. He will instead be put under a supervision330 words
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400 1987-09-01 18 THE HOUSE LEADER yesterday assured Mr Chiam See Tong that anytime he wanted to raise a matter of public importance through a motion which calls for another MP's support, one would be found for him. "I give my assurance that when he (Mr400 words
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330 1987-09-01 18 THE GOVERNMENT will be replying to a letter of protest by 55 US Congressmen against the recent Internal Security Act arrests. Home Affairs Minister S Jayakumar told the House yesterday. The substance of the reply, said the minister, would be similar to the330 words
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Article, Illustration419 1987-09-01 18 Reuter SOUTH KOREA'S rival parties agreed yesterday on the rough draft of a new constitution, heralding the country's first free presidential elections in 16 years and cutting the chief executive's powers in favour of a stronger Parliament. Spokesmen for the rulingReuter - 419 words
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279 1987-09-01 18 Reuter PRINCE Norodom Sihanouk said yesterday that Cambodia's coalition government would stick together, and Chinese Premier Zhao Ziyang said that Vietnamese troops must leave Cambodia before there could be a political settlement there. The New China News Agency, reporting on talks betweenReuter - 279 words
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Article99 1987-09-01 18 Bernama THREE MOSOUES in Pahang's Triang district were razed by fire early yesterday, bringing to five the number of mosques burned in Pahang in the past 24 hours. Fires broke out at Masjid Kampung Kuala Triang, Masjid Ksmpung Bohor Baru and Masjid Kampung Nyak, Chenur,Bernama - 99 words
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Article78 1987-09-01 18 Reuter WALL STREET stocks moved slightly higher yesterday, carried by a rising dollar, analysts said. The US dollar opened higher on renewed Middle-East tension and caution following central bank support of the dollar. US Treasury coupons opened lower on inflation fears, analysts said. The Dow 30 gainedReuter - 78 words
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Article120 1987-09-01 18 Reuter GOLD rose yesterday morning on renewed tension in the Gulf following the weekend air raids by Iraq on Iranian oil facilities. Following a slow start, gold for delivery in December jumped up US$2 to U*****.30 an ounce. Analysts said tensions in the Gulf prompted tradersReuter - 120 words
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LATE FILE
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Article62 1987-09-01 18 Reuter NINETY-TWO workers were missing after an explosion yesterday in a South African gold mine and many may be dangling in a lift more than 400 metres from the bottom of a shaft. The blast at the St Helena mine at Welkom, southwest of Johannesburg, cameReuter - 62 words
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Article51 1987-09-01 18 Reuter DEMOCRACY in Indonesia is still in its infancy and the government tends to be authoritarian, leading politicians and analysts said at a seminar organised by Kompas, the country's leading newspaper. They urged the military-backed government to give greater freedom to Indonesia's three political parties.Reuter - 51 words
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Article37 1987-09-01 18 Reuter COMMUNIST rebels yesterday threatened renewed attacks against the divided Philippines military after Friday's bloody coup attempt and there were rumours of a rebel government being established by the routed mutineers. ReuterReuter - 37 words
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Article36 1987-09-01 18 Reuter LAST-CMTCH talks to avert a strike today by thousands of Seoul taxi-drivers failed yesterday and the city authorities prepared emergency plans to avert monster traffic jams in the capital. ReuterReuter - 36 words
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Article44 1987-09-01 18 AP A CABINET decision to scrap building the Lavi jet fighter, an Israeli plane of the future, in favour of the US-made F--16 prompted protests by hundreds of aircraft workers in Jerusalem, who burned tyres and blocked major intersections yesterday. APAP - 44 words
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Article46 1987-09-01 18 AFP THE PHILIPPINES is asking the International Monetary Fund to lower some economic performance targets set for the country. An IMF mission and Philippine officials are reviewing earlier economic projections and some, such as QNP growth, are to be revised. AFPAFP - 46 words
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Article41 1987-09-01 18 Reuter FIJI'S Governor-General, Ratu Sir Penaia Ganilau, yesterday proposed a caretaker government to run the country till parliamentary democracy was restored. Ratu Sir Ganilau said that he did not want sole authority for too long. ReuterReuter - 41 words
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Page 18 Advertisements
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Advertisement407 1987-09-01 18 =F" MANAGEMENT W DEVELOPMENT PROGRAMMES" September November, 1987 No Course Title Date 1. New Insights into Effective Efficient Marketing and Selling of Services Sep 14 15 2. DPI Creative Rational Decision-Making Workshop Sep 14 16 3. Public Relations for Secretaries Administration Assistants Sep 17 18 4. Office Management Sep 24407 words
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Advertisement9 1987-09-01 18 Computer Disaster Recovery Planning X ■4r i <-4 C&L9 words
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SHIPPING TIMES
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112 1987-09-01 19 SEA-AIR CARGOES leaving Japanese ports in 1986 increased 71.4 per cent to 33,599 tonnes over the previous year, according to a Japanese Ministry of Transport report. Cargo bound for Europe via North America accounted for 75 of this, with Seattle and Vancouver as major112 words
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349 1987-09-01 19 G DURAIRAJ - By G DURAIRAJ A MAJOR dredging contract for the deepwater Bintulu port in Sarawak is expected to be awarded sometime this month. Estimated to be worth more than Ms2o million, the contract has attracted more than a dozen companies including Malaysian Dredging349 words
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174 1987-09-01 19 Bernama FIFTEEN CONSORTIA have been invited to undertake feasibility studies on the proposed commercialisation of the Ms6oo million Royal Malaysian Navy Dockyard in Lumut, Perak. Royal Malaysian Navy chief Laksamana Muda Datuk Seri Abdul Wahab Nawi said yesterday that the studies would determineBernama - 174 words
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125 1987-09-01 19 OFFENCES committed under Singapore's Merchant Shipping Act not exceeding $200 can now be compounded. These cover 16 offences including the failure to comply with conventions affecting a ship's safety, making a false statement to obtain a certificate of competency, and having125 words
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PORTSIDES
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Article135 1987-09-01 19 IN ANTICIPATION of increased demand for jack-ups in the North Sea. Neddrill Nederland has added another jack-up to its fleet. The Neddrill 7, which is a typical North Sea design, is similar to Neddrill 3, a unit which has been part of the company's fleet for135 words
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42 1987-09-01 19 US CONTAINER leasing company Xtra is switching its marine division from Boston to London. The ro-ro divsion of the rail-intermodal division will be moved to Jacksonville, Florida, while the rail-inter-modal division itself will be based in Kansas City.42 words
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41 1987-09-01 19 LOGPORT INTERNATIONAL, the container repair yard franchisor with members in 23 countries, has appointed Jardine Matheson Co as the general agent in the Far East and South-east Asia with Jardine Shipping Agencies (Hongkong) acting as coordinators.41 words
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83 1987-09-01 19 THE RAILWAY LINK between Madras port and the New Delhi inland container depot has been inaugurated. The first dedicated Indian Railways train carried 32 containers mainly for Samtel India, Tele Tube Electrodes and the US embassy in New Delhi. Meanwhile, the proposal to set up an83 words
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368 1987-09-01 20 Lloyd s List WEST GERMAN shipbuilder Howaldtswerke-Deutsche Werft (HOW) has captured orders worth close to US$4OO million. It has signed a preliminary contract for two 50,000-grt cruise ships for delivery in 1990 The two ships, worth at least US$l5O million each, haveLloyd s List - 368 words
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223 1987-09-01 20 Reuter AN EMPTY FERRY BOAT capsized in a port on southern Okinawa island and two other ships snapped their anchor cables and ran aground as typhoon Dinah lashed southern Japan with strong winds and rain on Sunday. One guest was injured in aReuter - 223 words
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396 1987-09-01 20 Fairplay A CONTROVERSIAL PLAN, announced early this year, to set up a pool of German container ships and lay up unneeded vessels to stabilise rates, has been delayed. The originator of the plan, Hamburg shipowner Claus-Pe-ter Offen, has in the meantimeFairplay - 396 words
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317 1987-09-01 20 AP A GRAND SEND-OFF for a replica of the 15th century ship Santa Maria on its voyage to Europe was postponed on Sunday while work proceeded to finish the vessel. Vital Alsar, the project s creator and ship's captain, said most of the workAP - 317 words
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375 1987-09-01 20 Reuter THE GULF shipping world wondered yesterday when, where and how Iran would hit back after renewed Iraqi air raids on its oil lifeline. Most diplomatic and shipping sources in the region had no doubt that Iran would retaliate but wereReuter - 375 words
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Article643 1987-09-01 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI Africa Oceon 1 Alltrans VII American Tpt 1 Anship Int'l X Anro Service IV ANl i A PC line V An III ASCI M Asian Ocean VI Bolt Conado line VII Bolt-Orient line VII Bank line643 words
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161 1987-09-01 20 SMIT INTERNATIONAL has restructured its operation to cope with adverse market conditions. The Dutch salvage and towage company has reorganised its activities into five specific sectors to take advantage of a market upturn. They are: Smit-Lloyd supply shipping; Smit Tak salvage, ocean towage and161 words
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Article1206 1987-09-01 20 LIMITED business was reported on the dry cargo market on Friday, but a rate of US$l7 was reported for a grain cargo from the US Gulf to Japan, brokers said. Recent talk of another fixture at this level remained unconfirmed, but the new booking should lift its Baltic1,206 words
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Article240 1987-09-01 21 AFP UNCERTAINTY about the near-term direction of oil prices kept charterers on the sidelines during the past week on the tanker market, where reports of a large accumulation of available tonnage in the Gulf States area also contributed to hesitant conditions. London broker E A Gibson reported thatAFP - 240 words
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383 1987-09-01 21 SHIPOWNERS are braving the short-term vagaries of the dry cargo market with a huge investment in secondhand handy-sized bulk carriers. At least 10 vessels have been committed for sale in the last week to a wide range of operators, who will pay a total of383 words
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303 1987-09-01 21 Fairplay THE GARD P&l CLUB of Norway has warned its members about the continually disturbing nature of fines imposed by Algerian port authorities. In the latest issue of Gard News, the club cites the recent case of a vessel which, whileFairplay - 303 words
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251 1987-09-01 21 Seatrade Week THE HARD CURRENCY earnings of Soviet merchant shipping have been shrinking in recent years, while the average age of vessels has sunk from seven years old in 1970 to 15 now. according to a recent article in Izvestiya. Izvestiya quoted the SovietSeatrade Week - 251 words
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8036 1987-09-01 26 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 Singapore8,036 words
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Article651 1987-09-01 27 AT CONVENTIONAL WHARVES Vessel Berth Arrival Departure KEPPEL WHARVES Conopus 7 K20 alongside 01 09 1200 Dang Delima K19 alongside 03 09 2300 Dashtqioo K29 alongside 02 09 0600 Equator III K23 alongside 01 09 1400 Klomabod K35 alongside 01 09 2300 Kota Benor K33 alongside 0509651 words
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Article891 1987-09-01 27 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Ship Arrival LCL movement Voy date/time Operator cargo schedule Location Sinofo 962 01 09 87 1600 Sec Consort F8 0700 0800 P3 E living 045RE 01 09 87 1800 Green Asio F5A 0900 1000 A4 See Pearl I6N891 words
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Page 19 Advertisements
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Advertisement770 1987-09-01 19 TfHNIS a SE Asi HILARIOUS TRAGIC. «T" DANGEROUS. i)j p H):? ffl I Available at all \[yY r i Good Bookshops I I I fffiSTP OWrlbutrr. 7 m > r 4 Of Omo K« wiPfins mooes (Mf. tomtom Soutnpomt Smppor* 0201 OOCL V, HO.MAJH77IIA3B7OI Orient Overseas Omtoimx Line PfffTTffffl pekanc770 words
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Advertisement68 1987-09-01 19 rasa WEST GERMAN shipbuilder Howaldtswerke-Deut-sche Werft has captured orders worth close to US$4OO million. The orders are for two cruise ships and two container ships. Page II SHIPOWNERS are braving the short-term vagaries of the dry cargo market with a huge investment in secondhand handy-sized bulk carriers. Page 111 Index68 words
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Advertisement1204 1987-09-01 19 m lli I OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****33 *1 MAERSK LINE THE FAR EAST AND THE MEDITERRANEAN HAVE BEEN BROUGHT CLOSER TOGETHER BY MAERSK LINE >hts Ceo lie M Closing Time1,204 words
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Page 20 Advertisements
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Advertisement395 1987-09-01 20 majfutagEz EUROPE/FAR EAST CONVENTIONAL SERVICE VSL PT. of LOG. ELEFTHERIA II Immingham CLARE Luebeck-Hamburg TBN Szczecin-Rostock PAMISES Bremen-Hamburg TBN Bremen-Hull TBN limuiden-Hambure-Santander TEL: 03-*****50 Malaysia son. bmo. TLX: ***** MTM Frt. Booking contact Miss Gan Further load/ discharging ports en route subject to sufficient inducement. Office: MTM S pore Tel:395 words
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Advertisement21 1987-09-01 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association ingapore National \v m21 words
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Advertisement483 1987-09-01 20 BSS .Barber Blue Sea SuperCamers for roll-on/roH off and container flexibility THALASSINI OOXA 10S BOOCABILLA 2M BARBER TAMPA 9 10 BARBER PERSEUS 2S/10 9-12/1 12-13/9 25-2119 30/1 2S/10 lino 14/u »/ii 25-21/10 31/10 25/11 7/11 7/U am ».ii 4/12 2/12 M/ 12 17/12 9 Alm accepting < CARIBBEAN i tor483 words
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Page 21 Advertisements
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Advertisement982 1987-09-01 21 The Straits Steamship Group Mansfield Container Shipping Re Ltd B&OCLJu^ p&o Containers Limited art Of EDINBURGH FHANKFUKT HP*ESS OSAKA BAY KITAMO MARU Largs bay NOK KONG EXPRESS CARDIGAN BAY KNAVON TOLAGA BAY TO* 10 EXPRESS on B'havan R'dam 2*o M 05(10 OMO 10(10 11/10 11/10 10/10 25/10 25/10 2*lo 30/10982 words
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Advertisement718 1987-09-01 21 NYK announces the newest, fastest Far East-L. A. Direct Service. NEW YORK NYK's Far East L.A. direct service is new. It's speedy. And it's frequent. And to make the best out of this new shipping map, you speed your cargo to Chicago and points East via our double-stack Centennial Express718 words
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Page 22 Advertisements
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Advertisement246 1987-09-01 22 5C CONTAINERSHIP SERVICE TO UK/CONTINENT Hapag-Uoyd AIL UK INLAND DESTINATIONS. BELFAST. DUBLIN COPENHAGEN AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM CARIBBEAN I S. AMERICA CONV/SEMI CONTAINER SERVICE TO EUROPE S PORE H BURG RDAM RS TIANJIN 17/9 12/10 15/10 RS DALIAN 15/10 11/11 01/11 ATWRP IMMINGHAM 11/10 23/10 19/11 IS/11 CONV246 words
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Advertisement782 1987-09-01 22 &.LINE KHMJk iHWmi CWtATlim FULLY CONTAINERISED SERVICE [TO EUROPE VIA SUE I"1 Mfmb ol ,hf Ace c <™°* ,,um Spore LeHa»re R dam Ft tow* CHINA CONTAINED 41W NEPTUNE CRYSTAL 41W HONGKONG CONTAINER 51' TRANSWORLO BRIDGE 39W SEVEN SEAS BRIDGE U* ALSO CALLING ANTWERP VIA ROTTERDAM PKELAN6 CTRS VIA FEEDER782 words
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Advertisement401 1987-09-01 22 ft INDIA STEAMSHI EXPRESS FCL/LCL FORTNIGHTLY CONTAINER SERVICE TO MADRAS VIZAG HALDIA CALCUTTA CHITTAGONG CHALNA COLOMBO Agents SHARIKAT TRANS ORIENT SDN. BHD. SINGAPORE *****10, *****56 PORT KELANG: *****94/5 9 EMBASSY/FRIENDSHIP FREIGHT SERVICES JOINT CONSOLIDATION TEL: *****73/*****32 FAX *****42 TLX: RS *****CFS WEEKLY LCL/FCL CONFERENCE/NON-CONFERENCE SERVICES TO: EUROPE ANTWERP/ HAMBURG/ LE401 words
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Advertisement971 1987-09-01 22 •MM EVERGREEN full C Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVE* LIVING EVER GIANT EVER GENIUS EVER GLORY/EVER GREET EVER LINKING EVER GLOBE 4/10 tot 11/10 I*lo 17(10 21/10 *10 30*10 ALSO ACCEPTING CARGO TO: W OJTWI NORFOLK. JACKSONVILLE. WILMINGTON. SERMUDA ETC 2) ATLANTA. CHICAGO. DETROIT COLUMUS I OTHER MAJOR MKROtRIOGE DESTINATIONS971 words
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Page 23 Advertisements
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Advertisement999 1987-09-01 23 VTA PACIFIC INTERNATIONAL LINES W*\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 VESSEL MAJAPAHIT QOWA KOTA SING A FAR EAST CONTAINER SERVICE JKT SBY SIN HKG KAO KEE *MUR *MTC 1/10 3/10 5/10 10/10 14/10 IS/10 IS/10 23/10 2S/10 4/9 5/9 S/« 12/9 IS/9 19/9 21/9 2M999 words
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Advertisement724 1987-09-01 23 BEN LINE CONTAINERS express container service to uk/continent To»io Eiprni City o) Edmbur|* Frantlurt Eiprtti Oukj Bay Kitane Maru Ufp Bay Hongkong Ciprou Cardigan Bay Bonanon Totaga Bay Takie Eiprm nn 27/1 B HAVEN RDAM ait a/t llkio 1010 IWIO 1110 24.10 rtlO ms wio 14/11 IUI 22/11 22/11 EXPRESS724 words
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Advertisement594 1987-09-01 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LlOY* P.T. BESURI LLOYD P.T. SANUDERA INDONESIA P.T. TNIICONA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VESSEL/VOY OCEAN PRIMA/SWB PALEMBANC/7WB CANOA GAMA/19WB MATARAM 19WB ANTWERP BILBAO BREMEN A DAM/R DAMN BURG 6/10 10/10 14/10 24/10 28/10 31/10 u/u ls/ii zj/ii 2/11594 words
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Advertisement377 1987-09-01 23 BOUSTEAD SHIPPING AGENCIES I* PAGAN VU7W MAWLAMYAING V36W HTONEYWA V227W BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok 2/4 Sept I Wl2 Sept 13/15 Sept fit BANK LINE EXPRESS SEMI-CONTAINER SERVICE NORTHBOUND TO UKC SPORE ROAM HULL HMBG TOANA PAPUA V6N 11/9 1/10377 words
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Page 24 Advertisements
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Advertisement1343 1987-09-01 24 "K"UnE SHIPPinC DfITPI nTLflfiTkC CDfiST (Round-The-World Service) 0 FAITH V 4 0 FRIENDSHIP V 4 •VIA FEEDER •PK/PNG SPORE Sid 4 Sep 12 Sep 13 Sep NYC HFX 10 Oct 14 Oct 17 Oct 21 Oct PfIDFkC SOUTH-WEST FEEDER VSL 0. FAITH V 4 MARIA V 25 •VIA FEEDER •PK/PNG1,343 words
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Advertisement714 1987-09-01 24 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* P KeUng |Unr VessH S pore Metb frun Sydn Also Accept! "CMANDIDAS" 121 12 Sept 27 Sep! 6 Oct 4 Oct Add Bm KMIRPAS V 36 S Oct 20 Oct 29 Oct 27 Oct AM Bns INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers714 words
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Advertisement682 1987-09-01 24 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23. W bf Str«*< SMGAfOV 0104 TU bMJUI (II LNS) Fii SM3SW STRAITS/PERSIAN GULF SERVICE: GOLDEN HARVEST Cotombo Karachi Dubai GOLDEN HAVEN Cokxnbo Karachi Muscat CHINA SERVICE A VESSEL Hsinkant Shanghai S'pore P KelangPenang 23/24 Sept— 5* Oct 12/14 Sept m P.Klang Penang682 words
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Advertisement479 1987-09-01 24 VJ a. liTiLiU, 1 J A 9 rllmA PHIU-OM€NT LINCS PTC LTD HEAD OFfICE 63 ROBINSON ROAD '07 1? AFRO ASIA BUILDING. SINGAPORE 0105 f TELEX RS ***** PHILI FAX *****76 EAST/FAR EAST i mi H KONG KOBE KEELUNG. MANILA. BANGKOK. TOKYO. COLOMBO. KARACHI. BOMBAY EAST AFRICA/MEDITERRANEAN SERVICE UK/EUROPE SERVICE479 words
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Page 25 Advertisements
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Advertisement896 1987-09-01 25 NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE LTD Fl EU/AUST TPA/SEA Terminal CFS BOOKINGS 77*57*3 *****42 *****22 *****53 *****19 27*116 *****11 *****41 NEPIINE SDN. BHD. 3UM7 NEPLINE SON BHD 2C***** ENQUIRIES *****44 NEPLINE SDN BHD *****5/627M0/«27Cti«27tt2 NEPLINE SDN BHD *****/*****1 FM GOT/ENNPC FULLY CONTAINERBEO SERVICE A m»mb#r of th« ACE896 words
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Advertisement437 1987-09-01 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG, PENANG. BUSAN, INCHON Vmml's Name Cargotoay 716N No 9 Dorum,7oMl M EntcrpriM/713N No I Donjni 707N Gloria 715N No 7 Doajm,7o7N AT GODOWN PPW PK ON 31 tw FROM 0900 1200 HRS M V NO t DONAM* VOY 708/N437 words
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Advertisement999 1987-09-01 25 Ti SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD gfflKfaa *****33 (I 5 Lin "> Twm m <* *****41/2 keunc SINSOV S,NGAPOR E Telex Numbers RS ***** RS ***** RS ***** Si 5 JrE'cSiJIS M»u»sj jows HAI TWONC SHIPPING 127 Pen«n| Street Pet*,* Mm T4: MWC *****07 Tli: MA 3950 ITSTSG999 words
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Page 26 Advertisements
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Advertisement381 1987-09-01 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (30 Linev FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD V£B DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE "VIA COLOMBO Accepting cargo for INDIA Bombay. Cochin Madras ""VIA LARNACA Accepting cargo to' Lattakia. Piraeus. Thessaloniki, Izmir. Istanbul.381 words
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Page 26 Miscellaneous
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Miscellaneous179 1987-09-01 26 Regional Weather i *o3 29 1 S/m V ol rt *Joi V?*/ y<f /J$ Vo3 w -i/oi k V 52^ t'l V fs>LL^K c Wind di direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather179 words
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Page 27 Advertisements
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Advertisement408 1987-09-01 27 *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 /M CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER B. BUTANG 369 8 BUTANG 371 B. BUTANG 373 6 BUTANG 375 P KELANG MTHR VSI JUTLANOIA408 words
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Advertisement449 1987-09-01 27 MN CONTAINER LINE 2-SAILINGS PER WEEK TO HONGKONG MACAU DAILY ACCEPTING LCL/FCL TO'.' TRANSTAINERS LINE WEST AFRICA SERVICE KIANG AUSTRALIA REE/RAO PEN/PK SIN TO: DAKAR, CONAKRY m mmiAuAu w JTMU* BANGKOK PENANG TOKYO LIBREVILLE, PORT GENTIL P. NOIRE, LUANDA PORT TO DOOR DELY: PT. KELANG TO KOTA KINABALU IN CONTR449 words
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Page 28 Advertisements
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Advertisement416 1987-09-01 28 FARGO SHIPPING COMPANY(PTE)LTt). fUM' regular express full container AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINERIZE From USA/Canada/Europe/Mediterranean 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 7k- DIRECT REGULAR SERVICES JAKARTA SURABAYA Accept cargoes to all other416 words
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Advertisement426 1987-09-01 28 SMN SOCIETE MAURICIENNE DE NAVIGATION LTEE INDIA OCEAN, SOUTH/EAST AFRICA REGULAR SEMI-CONTAINER SERVICE Vessel SPORE LOADING FOR Pt Louis, Reunion, Durban, Capetown, Pt Elizabeth, Tamatave Pt Louis, Reunion, Durban, Capetown, Pt Elizabeth, Tamatave Gener.il Agent*, SEALION SHIPPING(S) PTE LTD TEL (5 lines) TELFX RS343W SELION FAX *****41 FLAMBOYANT GASIKARA AFrica426 words
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Advertisement362 1987-09-01 28 WEEKLY CONSOL SERVICE TO/FROM KEELUNG ACCEPTING LCL CARGO ONLY ETA S PORE ETA KEELUNC COM-CARRIERS VOY 10/17 3/9 11/9 CON-CARRIERS VOY 11/17 10/1 11/9 CON-CARRIERS VOY 12/17 17/9 2S/9 WEEKLY CONSOL SERVICE TO MELB/SYDNEY ETA S PORE ETA SYO ETA MELB CON-CARRIERS VOY 20/17 S/9 22/9 17/9 CON-CARRIERS VOY 21/17362 words
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Advertisement536 1987-09-01 28 AMERICAN TRANSPORT LINES, INC. AmlVam. Crwriqf COTpot TEXAS RAINBOW CANADIAN RAINBOW NEW YORK RAINBOW A VESSEL TEXAS RAINBOW Voy 5 1 2 1 6 13/9 10/10 31/10 19/11 8/12 SPORE 14/9 11/10 1/11 20/11 9/12 PHL 14/10 11/11 1/12 20/12 9/1 ACCEPTING CARGO TO ATLANTA. SAVANNAH. BALTIMORE. MIAMI. TAMPA OTHER536 words
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