The Business Times, 3 September 1987
1987-09-03
1
28
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The Business Times
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Title Section11 1987-09-03 1 BUSINESS TIMES MCI (P) 112/12/86 THURSDAY, SEPTEMBER 3, 1987 75 CENTS11 words
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Article, Illustration179 1987-09-03 1 Ovaraaaa markets Wednesday HK Hang Seng Index 3635.86 (-8.42 Tokyo Nikkei Average *****.60 (-171.82) Sydney All-Ordinaries 2179.6( 21.9) Tuesday New York (Dow Jones) 2610.97 (-51.98) London (FT 30 Index) 1778.9 (+19.1) Exchange rale* The S$ closed higher at 2.1025/35 (2.1035/45) against the US$ yesterday. It firmed up179 words
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Article, Illustration329 1987-09-03 1 INVESTORS returned to the market with steadier nerves yesterday, helping share prices to bounce back across the board in moderate trading. Brokers said as the market opened in an oversold position, a technical rebound was expected. Trading in the morning was fairly active329 words
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Article, Illustration726 1987-09-03 1 ALAN LEE - Project to provide low cost housing in India By ALAN LEE Companies Editor A BILLION-DOLLAR housing project in India is close to being awarded to Lee Kim Tah Holdings Ltd (LKT), one of the Big Four public-listed construction groups. After more than726 words
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163 1987-09-03 1 Bernama THE HIGH COURT in Kuala Lumpur yesterday rejected an application by a lawyer and a general clerk for information relating to the management of fund by the Employees Provident Fund (EPF) board, describing the action taken as a "fishing expedition". Justice DatukBernama - 163 words
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335 1987-09-03 1 AFP BURMA HAS LIFTED a 20-year-old ban on free trade of nine basic commodities in a move seen by analysts in Rangoon as the first positive sign of economic change after a quarter of a century of rigid socialist policy. It came just weeksAFP - 335 words
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494 1987-09-03 1 Bernama ES MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday that foreign investors should take the opportunity to invest in the country's real estate. He emphasised that Malaysia has a property-owning policy which has generated many booms and isBernama ES - 494 words
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556 1987-09-03 1 AMY BALAN - By AMY BALAN THE SINGAPORE Society of Accountants has reacted swiftty to the call for rotation of auditors by proposing s special committee to review the propoeal. Describing the subject ss "complex and controversial", SSA president Mr Keith Tay said he556 words
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Article97 1987-09-03 1 A BT Parliament raport on Sap 1 carried the headline "Foreign worker» to be limited Uf 25 per cent of workforce". The Ministry of Trade and Industry ha» said the headline was misleading. The report was based on Brigadier-General (Res) Lee Hsien Loong's reply to oppoei- tkxi97 words
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Page 1 Advertisements
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Advertisement141 1987-09-03 1 ="_;,]`(?`!/@?!=)+\,*|&%,+;$;.> Full report, Page 14 Regional markets, Page 16 World markets, Page 17 iii i i r WHY FIRST-TIME HOME BUYERS SHOULD LOOK FIRST TO OUB More and more J» first-time home buyers f are learning that Overseas Union Bank offers one of the best nuusing loan packages: p.a. saving141 words
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Advertisement335 1987-09-03 1 Architects Ltd THE CURRENT STRUCTURE of architectural practice in Singapore may be changing soon. Local architects are in favour of moving away from partnerships to registering their firms as private limited companies which would give the profession a number of advantages hitherto not available to them under the present partnering335 words
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Advertisement27 1987-09-03 1 +|(?@"}_*_>=/`/>;/~[<@@^.)>*}<" Tl TAN I U M WEL. DE c I NED 3GD V STRONG SCULPTURED LINES INFINiTELY -ANDSOME SPACE AGE TEC^NOLCK3 v v f?. iff e i in27 words
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HOME NEWS
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Article, Illustration491 1987-09-03 2 ANNA TEO - By ANNA TEO SONY CORPORATION will invest at least a further $15 million over the next five years in its new $35 million Singapore precision components centre. Sony Precision Engineering Centre (SPEC), opened yesterday, plays a major role in Sony's global strategy491 words
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423 1987-09-03 2 TONG SUIT CHEE - Graduates should acquire experience vice-chancellor By TONG SUIT CHEE HOUSEMANSHIP training, now compulsory for doctors, could be applied to other professionals, the vice-chancellor of the National University of Singapore suggested yesterday. Professor Lim Pin said this was an issue which the various professions should consider. He was speaking at the423 words
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333 1987-09-03 2 BOEY KIT YIN - By BOEY KIT YIN COMPUTER PIONEER Mr Robert lau impressed so much with his "invaluable advice" to Memorex (S) on its operations that the company has appointed him the first chairman of its board of directors. "We feel that we can benefit from333 words
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322 1987-09-03 2 MATERIAL SUCCESS and power are worthwhile achievements but they should not be gained at the expense of a person's conscience. Mr Michael Hwang, senior partner of Allen and Gledhill Advocates and Solicitors, made this point as the guest speaker at the National University322 words
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327 1987-09-03 2 OVER 90 PER CENT of garment items produced in Singapore are made for foreign designer fashion houses, according to the Trade and Industry Minister Brig-adier-General Lee Hsien Loong He said such garments would be grouped under contract labels. Singaporean labels formed a very327 words
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Article, Illustration413 1987-09-03 2 LEE HAN SHIH - By LEE HAN SHIH Property Correspondent SINGAPORE'S experience in the last recession showed that it was the economy that pulled the property market out of the doldrums and not the other way around, a local property consultant said yesterday. Mr Boey Yin Sum,413 words
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130 1987-09-03 2 A SINGAPORE economist known for his pioneering effort and dedication towards the promotion of Asean cooperation will be conferred the "Founder's Distinguished Medal" from the Federation of Asean Economic Associations. Professor Lim Chong Yah, the president of the Economic Society of Singapore for130 words
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103 1987-09-03 2 THfc SINGAPORE Armed Forces Transport Formation Will be organising a charity food and fun fair on 9aturday. Sep 5. at the Gilman Barracks, Alexandra Road (opposite NOL Building). The food and fun fair, which is organised in support of the Care103 words
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Article77 1987-09-03 2 THE STRETCH of floblnson Road from Cross Street to the junction of Robinson Road and Cecil Street will be closed to traffic from 3pm on Friday (Sep 5) to 4am on Monday (Sep 7). The closure is to facilitate reinstatement work by the Mass Rapid Transit Corporation.77 words
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Page 2 Advertisements
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Advertisement608 1987-09-03 2 r >-•- u* H t i I V. I 4 I I h sth Packaging Food Processing The fifth internationally recognised packaging and food processing exhibition. AsjrPias'B7 Yes, you're invited to attend the region's biggest showcase of the latest trends and technology in packaging/food processing,plastics/rubber and printing/ graphic arts. Exhibits608 words
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ASIA – PACIFIC
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698 1987-09-03 3 Move aimed at Japanese companies FT THE PROSPECT of a trade war between the European Community and Japan loomed closer on Tuesday when the EC fired the first shot from a new and fearsome community trade weapon. The weapon in question is a tough newFT - 698 words
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Article, Illustration241 1987-09-03 3 AFP THE RAPID GROWTH of the Indonesian economy in the past 20 years had yet to be balanced by equal distribution of its benefits, armed forces chief General Benny Murdani has said. "The rapidity of development in the economic sector has notAFP - 241 words
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327 1987-09-03 3 AP CHINA'S LEADERS have agreed among themselves on who will fill senior political positions after next month's 13th National Party Congress, a Chinese newspaper reported yesterday. The conservative English-lan-guage South China Morning Post (SCMP), quoting an unidentified Beijing source, said the leaders reachedAP - 327 words
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Article116 1987-09-03 3 UPI FORMER US Secretary of State Henry Kissinger, whose secret 1971 visit to China paved the way for renewal of Sino-US relations, is scheduled to tour the Forbidden City today as part of a nine-day visit. Mr Kissinger, on his fourteenth visit to China, is scheduled toUPI - 116 words
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131 1987-09-03 3 Reuter AUSTRALIAN Prime Minister Bob Hawke said last Wednesday that before Australia celebrated 200 years of white settlement in January next year, he would try to conclude an agreement with aborigines recognising injustices against them. Mr Hawke told reporters during a visit to AliceReuter - 131 words
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305 1987-09-03 3 Reuter INDONESIA is hoping that an apparent policy shift in Lisbon could lead to a breakthrough in deadlocked talks over the former Portuguese colony of East Timor. Indonesia annexed the territory. Portugal's gateway to the Spice Islandsin 1976 saying a leftist rebellion thereReuter - 305 words
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Page 3 Advertisements
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Advertisement560 1987-09-03 3 Polaroid beats THE DEADLINES. Haven 7 you noticed how new information has an annoying habit of showing up minutes before you need to present it? Well, whether you are in advertising, architecture, banking or medicine, Polaroid with its wide range of instant film and imaging devices, gives you the ability560 words
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Page 3 Miscellaneous
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Miscellaneous91 1987-09-03 3 Doonesbury BY GARRY TRUDEAU PUKE, IST I* RIGHT /xn RUf &&> .POINT... THIS OWERTACTION SLUSH FUND IS THEGREATEST INNOVATION IN U.S. INTELLIGENCE IN A GENERATION. I'M PROUP OF TT. I PONT KMT TO SEB IT PIE WITH ME! NORI BILL. mm m 4 I NEED YOUR HELP, PUKE. INEEP SOMEONE91 words
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REST OF THE WORLD
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381 1987-09-03 4 Reuter THE WHITE HOUSE has greeted the sixth straight rise in the leading economic indicators with jubilation, but economic analysts are less enthusiastic. "Reaganomics is working," White house spokesman Marlin Fitzwater said yesterday, waving a bottle of champagne. He made the comment after theReuter - 381 words
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Article, Illustration316 1987-09-03 4 AP PRESIDENT Miguel de la Madrid said on Tuesday that he would maintain the steady course he holds responsible for leading Mexico out of the economic crisis he inherited in 1982. "Recovery, the generation of employment and theAP - 316 words
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427 1987-09-03 4 FT A RENEWED surge in imports left Britain's overseas trade in deficit for the third consecutive month in July despite signs of an improvement in industry's export performance. The Department of Trade and Industry said that the country's visible trade showedFT - 427 words
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374 1987-09-03 4 Reuter THE WEST GERMAN government said on Tuesday that the economy had pulled out of the doldrums and on target to grow up to 2 per **s year, but independent econowueti called the official forecast too Th e Federal Statistics Office in **a«toad>"Reuter - 374 words
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249 1987-09-03 4 UPI THE DISINHERITED greatgrandchildren of oil baron John D Rockefeller began a blueblood court battle on Tuesday to try to wrest their mother's multimilliondollar fortune from their stepfather. The two children of Marchioness Margaret Strong de Cuevas de Larrain claim their former ballet masterUPI - 249 words
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Article908 1987-09-03 4 ARRIVALS Operator Sorvico Local From numbor tkiM SIA SOU 0045 LAX/NtT SU SQ8763 0050 JED GtA GA1119 0140 JED/SHJ GU GA1320 0525 JSJ/SHJ CIA GA1220 0645 JED/SHJ MAA IC IC555 0655 GtA GA7223 0710 HLP MAS MH681 0820 KUL MAS MH811 09)0 P&* MAS MH671 0920 KUL908 words
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Page 4 Advertisements
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Advertisement90 1987-09-03 4 t The Board of Directors and management of Sony Precision Engineering Center (Singapore) Re lid wish to express their sincere appreciation to Brig-Gen (Res) Lee Hsien Loong Minister for Trade and Industry and Second Minister for Defence (Services) for officiating at the Opening Ceremony of its new factory on 290 words
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Advertisement294 1987-09-03 4 rI jM 11 Irl If The business person's chorce, every I I IrCl II I II I Tuesda Thursday, Saturday and I #1 II Sunday. Leaving Changi Airport at J_ _l_ 22:05 hours and arriving at Lester B. Pearson International Airport the following day. Call your Travel Agent or Air294 words
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Page 4 Miscellaneous
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Miscellaneous195 1987-09-03 4 wm "SS/ Max/ Note Mln (°C) 14/04 Cloudy 24/09 Clear 32/20 Clear 37/27 Clear 33/25 Cleor 30/19 30/23 29/16 21/10 29/25 25/15 20/08 26/13 17/08 34/22 27/09 10/00 29/21 22/13 14/05 30/20 20/12 22/12 26/13 33/26 14/07 14/02 31/27 32/21 36/23 28/17 34/25 30/17 24/11 12/09 33/23 19/15 24/19 23/13195 words
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COMMODITIES
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Article88 1987-09-03 5 FUEL OIL and middle distillate prices rose on good buying interest and general bullishness. All other products stagnated in a market torn between bullish sentiment and nervous uncertainty due to the coming Opec market. Dubai (Oct) W«n T«xos US$ borr«l Oong* 17.27 +0.04 low Sulphur Wa*y t«(idu«,88 words
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Article450 1987-09-03 5 Crude palm oil price* recovered from earlier easiness yesterday to close steady on light covering and speculative buying. Sep deliveries in the south and central regions closed unchanged at M 5725 and Ms72o a tonne, after lows of Ms72o and Ms7ls respectively. The refined palm oil market was450 words
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Article310 1987-09-03 5 HONGKONG: Gold closed firmer on sporadic demand from US and local interest. Trading was slow and confined to a narrow range, partly due to narrow movements in the US currency. Bullion ended at U*****.20/60 an ounce against an initial U*****.60/456.10 and New York's U*****.50/ 455.00 close. On the310 words
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Article283 1987-09-03 5 Chinese Produce Exchange SoMors' noon doting pi rlco* an Sop 2 (SJ/100 kg) Coconut oil Mk FOB 95.00 Otd drum FOB 105.00 Now drum FOB 109.00 Copra MJxod (too**) 56 Pepper Muntofc wMto FOB NLW 1242.50 Sarawak wMfo FOB foq NLW 1227JO Sarawak spodol block FOB NLW 962.50283 words
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Article210 1987-09-03 5 LCE dosing prion on Sop 1 (£/tomo union spodflod). Previous dosing pricot in poromhosh. Oil* (USS/tomo) Palm oil M'tlon crudo OF UK/Rottordam Nov 325dr (325*) M'sian/Sumalron crudo OF UK/Rottordam Sop 317 .5 «if Oct/Nov 320dr Doc 322.5sk (325sir) M'sian RBD FOB Sop 315slr (317.5sir) Nov/Doc 310sir M'sion MO210 words
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Article215 1987-09-03 5 SINGAPORE The market yesterday closed slightly lower with October One RSS buyers quoted at 217.50 cents/kilo, down 0.50 cents from Tuesday. Trading in the afternoon was quiet but prices eased slightly because of light overseas and upcountry selling. On the TSR-20 market, trading was quiet the whole day but215 words
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Article267 1987-09-03 5 RAS prices m s cmms, fob m b«i« IS NOON CLOSE Buyors Sollors Buyors S«II*M Int 1 RSS Prompt 221.50 222.SON 221.00 222.00N Int 1 RSS Oct 87 217.75 218.25 217-50 218.00 Int 1 RSS Nov 218.00 218.50 217.50 218.00 Int 2 RSS OP 215.50 217.50N 215.50267 words
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Article77 1987-09-03 5 (canh/kfl, 1-ton poJtaH) OCTOSE* 87 NOVEMBER 87 (currant month) (forward month) RAS NOON NOON »vy*n S*M«rt tuyn S*U*n SSI 30 200JO 202.50N 200.50 202.50N SSI 50 199.00 201.00N 199.00 201.00N MRELB Ivyan Sdltn lvy*o SMt cv 266.00 268.00N 267.00 269.00N SMt L 266.00 268.00N 267.00 269.00N SMt77 words
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Article123 1987-09-03 5 THE TIN PRICE on the Kuala Lumpur Tin Mart* fell eight cents to close at M 516.87 a kilo yesterday. Trading was fairly quiet with buyers bidding only 50 tonnes Initially while sellers offered 135 fearing further price declines. As the market eaaed, buyers Increased their amount and123 words
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Page 5 Advertisements
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Advertisement237 1987-09-03 5 ■Jh ■■WWbn, ■<- v >•' -fMi sc. mi :> zP Km ips -I V-" t*. -i' v, t -C- 'M' n .V ■m 4 S^'yli v£jl mi <■*:<$ m -■J'M mm > >& V- m r*m > JIM fm 4 e"v's&! -r I :r S/ v '■i f j» i237 words
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MONEY AND EXCHANGES
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Article1025 1987-09-03 6 SINGAPORE: The US dollar recovered in late trading against most major currencies yesterday to close narrowly mixed compared with New York's levels. The dollar s bearish sentiment has not changed but some short-covering interest in late trading contributed to its recovery. The dollar rose to 141.10/20 yen from1,025 words
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Article52 1987-09-03 6 THE OVERNIGHT RATE on the Singapore interbank market fell one point to per cent yesterday. Oneand three-month fell point each. S$ Interbank rates at 7pm yesterday: Of FEB BID «Oh» 1/2 1/4 I -month 4 1/8 4 2-momti 4 3/16 4 1/16 3-monlti 4 1/4 4 1/8 Overnight52 words
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Article84 1987-09-03 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****T 03.12.87 3.05 2.95 3.15 2.94 6 months BS*****Z 21.01.88 3.16 3.06 1 year BY*****S 30.06.88 3.28 3.18 3.23 3.19 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code84 words
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Article285 1987-09-03 6 ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet afternoon trading. Overnight closed at 6% 6% per cent, Thursday/ Friday at 6% 6% per cent and week-fixed at 6 15/16 6 13/16 per cent. One-month closed at 7-3/16 7-1/16 per cent, three-month at 7%285 words
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Article596 1987-09-03 6 DECEMBER Eurodollar opened 12 ticks lower at 91.96 in Simex due to sharp losses in the cash bonds. Market outlook remained bearish with prices testing the support level of 91.91 from the high of 91.97. Prices were lifted slightly by short-covering activity before closing 15 ticks lower at 91.93596 words
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Article139 1987-09-03 6 Gold futures on Sep 1 100 troy ounces USS per troy ounce Open Hlgti Low SMI* S.P 454.50 454.50 454.00 454.80 4.20 Oct 455.00 450.40 453.80 457.30 *4.10 Nov 460.10 4-4.10 Ooc 462.00 463.80 459.40 462.80 4.10 F.b 88 467.80 469.00 465.00 468.70 ♦4.10 A«h 474.30 475.20139 words
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419 1987-09-03 6 A BATTLE is looming over the future course of Japanese fiscal policy as Prime Minister Yasuhiro Nakasone prepares to step down as the country's leader at the end of next month. Under Nakasone. the government has pursued a tight fiscal stance, seeking to end the419 words
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Article827 1987-09-03 6 CURRENCY FUTURES OPTIONS IMM Tuetdoy, September 1 1987 BRITISH POUND C25.000; c •nta per t MM •ep-c OeK la Dec-c Pi* 0ep-f Oct* 0e*a 1600 3.90 3.45 4.50 0.004 0.00 1.90 1623 1.45 1.90 3.10 aio 1.70 2.95 1650 OI5 1.00 2.10 1.25 4.35 1675 0.004 0.45 1.30 340827 words
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Page 6 Advertisements
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Advertisement118 1987-09-03 6 <■ A m m a* s v» Eighth Moon Ecstacy. Experience once again the ecstasy of scrumptious Moon Cakes at Cathay and Kelong Thomson Restaurants. The season's specialty comes with traditional fillings like lian rong, melon seeds and egg yolks in our unique nonya-inspired pandan or banana flavoured skins. Choice118 words
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Advertisement191 1987-09-03 6 Powertech/Hi-Tech Asia '87, Malaysia's 2nd International Electrical, Electronics and Power Engineering Exhibition will be held in Kuala Lumpur from 7-10 September 1987. A showcase of the latest technologies in electrical and electronic engineering featuring some of the most advanced power systems and devices ever seen. Quality of exhibitors is enhanced191 words
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BANKING AND FINANCE
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731 1987-09-03 7 NYT JAPANESE INVESTORS have poured money into the US stock market and helped to send Wall Street prices to new highs. But foreign investors have been consistent net sellers of Japanese equities, according to Hank Sawa. who directs research in Tokyo forNYT - 731 words
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259 1987-09-03 7 OVERSEAS UNION BANK is the latest to enter the housing loan interest rate fray with a 0.25 percentage point cut. Effective last Monday, OUB now charges 6.5 per cent for housing loans of up to 10 years and 6.75 per cent259 words
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209 1987-09-03 7 Reuter JAPAN'S Ministry of International Trade and Industry (Miti) will call for tax breaks on debt-for-equity swap transactions conducted by Japanese companies to help promote Japanese direct investment in developing countries. Ministry officials said on Monday that Miti would soon start negotiations with theReuter - 209 words
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641 1987-09-03 7 NYT BOND PRICES fell sharply on Tuesday, with most of the declines coming in the afternoon when trading activity increased. By late in the day, the Treasury's new 8 per cent bonds due in 2017 had fallen 1 6-32 to about 96, nearNYT - 641 words
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343 1987-09-03 7 AP THE US government's Export-Import Bank has made misleading reports and should show a deficit of up to US$3 billion rather than a reserve of US$773 million, according to an audit made public on Tuesday. Comptroller General Charles Bowsher, head of the General Accounting Office.AP - 343 words
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Article, Illustration196 1987-09-03 7 Indicates the average of the prime lending rates of 12 ma)or banks In S'pore r Interbank market rates (offer/bid) on Sep 2 us$ DM SWFC Y»n 7 day* 6 7/8 3/4 9 5/8 l/J 4 3 7/8 2 1/1-1 7/8 3 1/2 3/8 4 3 7/8 i196 words
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450 1987-09-03 7 SOH TIANG KENG - By SOH TIANG KENG Financial Correspondent JAPAN'S giant glass manufacturer. Asahi Glass Company, is tapping US$25O million in the Asian dollar and Eurocurrency markets through the issue of an equitylinked bond. The five-year bond, with equity warrants, bears a coupon of 3 per cent.450 words
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445 1987-09-03 7 AP RESIDENTS OF Third World countries sent up to US$3OO billion to the US and Western Europe during 1974-85, slowing growth in their homelands. The International Monetary Fund also said that more than half the money came from Latin American countries, theAP - 445 words
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Page 7 Advertisements
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Advertisement197 1987-09-03 7 BREEDING thoroughbreds is part of our tradition V m f M A -S- i X.-*-S ,«r- T "X v ft v,«" 4f "v" mm* M ■'S&r- jWI Hngniull EXPERIENCE THAT TRADITION WHEN YOU RIDE OUR NEW 747/300' S. Now Saudia have no less than 10 super luxurious Boeing 747-300's in197 words
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Page 8 Advertisements
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Advertisement543 1987-09-03 8 In 1986, swaps emerged as one of the hottest new products developed by the investment banks. They also became the most misunderstood. While some companies considered them too intricate and exotic for their immediate needs, others (conversely) thought swaps were far too simplistic for their complex long-term strategies. A few543 words
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FOCUS
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Article, Illustration1110 1987-09-03 9 DAVID CHEW - Factions and coups these seem to be the ills that have dogged the history of modern Thailand. But General Chaovalit has hopes of ironing out some of these problems. DAVID CHEW of the Foreign Desk looks at the army chief's ideals, the political make-up1,110 words
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Article, Illustration396 1987-09-03 9 MILITARY COUPS, both sucessful or otherwise, have marked the history of Thailand since absolute monarchy was abolished in 1932. On average, the country had one coup every three years between 1932 and 1985. There were 16 coups altogether, nine of which396 words
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Article, Illustration582 1987-09-03 9 THE MOST striking aspect of Thai politics is its factionalism, a phenomenon which may perhaps be best explained by the interaction or friction between western thought and the predominantly Buddhist ethic in Thai society. Westernisation, introduced by Kings Mongkut and Chulalongkorn during the last582 words
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Page 9 Advertisements
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Advertisement257 1987-09-03 9 Ifour once -in- a-lifeti me invitation to see the Imperial Seal Treasure of Rijian* An ancestoral collection of rare stone seals, exquisitely carved by master craftsmen and now on a limited 8-day exhibition at the Mandarin Hotel. Never before seen outside of China, this superb collection of ancient art includes257 words
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PERSPECTIVE
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Article487 1987-09-03 10 THE ACRID ODOUR of polluted waters no longer lingers about the Singapore River. You don't find old shoes and used tyres washing against its banks now either. The river has taken on a whole new personality clean, rejuvenated, welcoming. This transformation came about not by487 words
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Article, Illustration1740 1987-09-03 10 TONG SUIT CHEE - Singapore architectural firms would like to register themselves as private limited companies rather than as partnerships. They see a number of advantages for their profession if they can do so. TONG SUIT CHEE interviews the president of the Singapore Institute of Architects, Yang Soo Suan, for1,740 words
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498 1987-09-03 11 WORLD NATURAL rubber output last year rose one per cent to nearly 4.4 million tons following a 9 per cent increase in Thailand and a 5 per cent increase in Malaysia. Thailand's increase to 790,000 tons was due to new planting and replanting498 words
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Article, Illustration1086 1987-09-03 11 BRIAN GOMEZ - The International Monetary Fund has surveyed the breadth and depth of last year's crash in commodity prices. Regional Correspondent BRIAN GOMEZ reports on the IMF's findings and highlights the fate of some commodities of interest in the region. BRIAN GOMEZ THE 1986 SLUMP in commodity prices1,086 words
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383 1987-09-03 11 A 25 PER CENT spurt in Malaysian palm oil production last year contributed to a record 8.13 million-ton world output and widening price differentials with soybean oil, its key competitor. The 16 per cent increase in 1985/86 world383 words
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Article, Illustration440 1987-09-03 11 COFFEE AND TEA DRINKERS may not have been pleased that beverage prices bucked the downward commodity price trend last year, but this was good news for the Indonesian economy. Coffee prices began a rapid rise in October 1985 and peaked at a nine-year high of440 words
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Article, Illustration199 1987-09-03 11 WORLD CONSUMPTION of tin exceeded production in the last two years but this followed six years of excessive supplies. An IMF report on primary commodities said high prices between 1979 and 1983, supported by intervention by the International Tin Council (ITC),199 words
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Page 10 Advertisements
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Advertisement225 1987-09-03 10 How Exxon Chemical protects you from the hard knocks of life By helping you ride on air air held securely inside the tough rubber innertubes and tyres of the motor vehicle you use Innertubes, or innerliners in the case of tubeless tyres, made from butyl rubber provide an enduring cushion225 words
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Page 10 Miscellaneous
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Miscellaneous725 1987-09-03 10 CRYPTIC PUZZLE ACROSS 1 It may be packed and loaded (6) 7 One's concern at getting in debt? (8) 8 A lead producing part of the country (4) 10 Not an AB? (6) 11 A smart line in trousers, etc (6) 14 Person of colourful politics? (3) 16 Be guilty725 words
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Page 11 Miscellaneous
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Miscellaneous1188 1987-09-03 11 to enx) Qaaoa B 12 PM SBC Text Sample Pages. Opening and Programme Highlights followed by Give Us A Ck>e. The Mystery Of The Maldives (Pt 2). The New Statesman A little Rebellion, Now And Then, Is a Good Thing. Anna Karenina (Pt 1, r). World Music Album. 1987 NBA1,188 words
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Miscellaneous8 1987-09-03 11 I BnStcW! ftankDickeoe (JMRT LOH P>T£V££ "TO CONVeRSRTTCN8 words
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SPORTS & LEISURE
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Article, Illustration682 1987-09-03 12 NYT FOR FANS thirsting for a new champion, the US Open has been desert dry in recent years. Still, the hopeful spectators crowded around court 15 on Tuesday, trying to determine whether the young man chasing down the best that Paul McNamee of Australia couldNYT - 682 words
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Article, Illustration356 1987-09-03 13 JAIME LYE - By JAIME LYE HER NAME is Leow Puay Tin and she wrote this play Full of funny rhyming, except it wasn't jiving There were these 3 Children Whose lives were kind of broken So they kept on going back To their childhood356 words
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Article, Illustration613 1987-09-03 13 Reuter EDWIN MOSES, who successfully defended his world crown after the toughest test of his illustrious career, is determined to extend his dominion to next year's Olympic Games in Seoul. Moses declared his ambition to complete an Olympic treble after clinging to his worldReuter - 613 words
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Article, Illustration238 1987-09-03 13 Reuter BRAZILIAN Ayrton Senna is to join Frenchman Alain Prost at McLaren for next year's motor racing world championship. In an interview with the newspaper O Globo in Rio <Je Janeiro on Tuesday, Senna confirmed his move from Lotus and spoke frankly of his lifeReuter - 238 words
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166 1987-09-03 13 UPI SAN DIEGO is to be the site of the next America's Cup. The Los Angeles Times on Tuesday said the sev-en-member America's Cup committee was ready to vote San Diego as the next host of the yachting event inUPI - 166 words
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358 1987-09-03 13 Mike Thumba - *>y Mike Thumba THE NATIONAL UNIVERSITY of Singapore Society's (NUSS) third team caused an upset by defeating the Faculty team, the reigning champions, at the closing stages of the second inter-col-lege bridge tournament held at the Guild House during the weekend. Last year's champions,358 words
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Article491 1987-09-03 13 Walton Morais - Jranklif, speakina... -By Walton Morais THE MAGIC of sports is all about records and longevity. Edwin Moses stands testimony to that. Running in what used to be an unglamourous event, the man they call Holy Moses has, by sheer staying power, turned the 400 metres hurdles491 words
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Article184 1987-09-03 13 AP THE 13 most important professional soccer teams in Brazil say they will play their own season this year, breaking with the Brazilian Soccer Confederation, the governing body of the sport. The teams, from the major cities of Sao Paulo, Rio. Belo Horizonte, Salvador and PortoAP - 184 words
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Page 12 Advertisements
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Advertisement953 1987-09-03 12 mm y Ul Nt fi > v>* w HP* V* <-> m 3Kk m w rz ft 'OS T X he feast at Baron's "Bible is a flair of Australian fare jucy prerawm size rock oysters so fresh you can taste the September sea, live ftsmanian lobsters, green mussels, and953 words
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Advertisement217 1987-09-03 12 Singapore Airlines and Mandarin Singapore present GOURMCT FSSTfVAI 27 August to September 13 1987 A one-stop tour of the food, fashion and culture of seven countries. At The Mandarin Hotel Reception Hal\ (sth floor, South Wing). Special performances Philippines: September 2 to 4 Fashion collection by Sammy Tiongson. Lucky Draw!217 words
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Page 13 Advertisements
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Advertisement204 1987-09-03 13 rCcESSy $£4* *V^sv; c I 4 Traditionally Japanese. Traditionally Unkai. Sample the delicacies of Japanese cuisine, sushi, sashimi and teppanyaki. Four tatami rooms are available for private parties. Located on the 2nd floor. Open 12 noon to 3 pm. 6.30 pm to 11 pm. Ample free parking A© Centurv Park204 words
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Advertisement246 1987-09-03 13 PALM GRILL An elegant and intimate ambience. With exceptional French and Continental cuisine. And the very finest wines from our exclusive cellars. BUSINESSMEN'S SET LUNCH $32+ Closed on Sundays. Saturday dinner only. Westin Plaza. Ist Floor. For reservations, call 338 8585. ext. ***** or 330 8310. The Westin Plaza Raffles246 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4359 1987-09-03 14 AFTER TWO DAYS of nervous selling, share prices bounced back in moderate trading yesterday. As the market opened in an oversold position, brokers said they had expected a technical rebound. They said bargain-hunting coupled with short-covering pushed share prices higher over a broad front. However,4,359 words
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Article270 1987-09-03 14 SINGAPORE Rites Ind licet Sap 1 S«P 2 *69* 1300 >50 »T Congo*. 1244,77 1 259.63 M In oartot IJX >40 •TOt/OS -419 -237 M «u >35 it cadi -5999 -5940 S P M 1050 >30 •T 10-day MA -5723 -5747 Mmo 700 25 •TCMV >12*3416 >1310(71270 words
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Article4387 1987-09-03 14 SECTION ONE MDUS TRIAL COMMERCIAL Acmo (2 30 B 235 SI 1251 228 (101 23« III) 233 02) 235 IS 232 (2 236 18) 237 121 236 (501 237 <101 238 (111 236 (201 235 12) 2X Alcorn 062 B 064 S) Amol Staal 50«4,387 words
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Page 14 Advertisements
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Advertisement16 1987-09-03 14 KL market report, Business done on the KLSE, Page 16 Unit Trust table on Page 1616 words
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COMPANY NEWS
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Article, Illustration495 1987-09-03 15 MBT JACK CHIA Enterprises (MalayE&O Hotel is still adversely affected by the downturn in the hotel industry and is not expected to recover from its losses in the current year. The outlook for the overall JCEM group, however, will be comparable to theMBT - 495 words
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458 1987-09-03 15 LISA LEE - By LISA LEE ESCALATING oil prices worldwide has resulted in Shell Refining Company (FOM) Berhad reporting enormous profit gains for the first half of this year as its stocks shot up in value. Shell returned strongly into the black during the latest sixmonth458 words
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511 1987-09-03 15 ALVIN TAY - By ALVIN TAY Banking Correspondent UNITED OVERSEAS Bank, which yesterday issued a formal general offer to shareholders of Industrial and Commercial Bank, has indicated that it will beef up the ICB management and streamline its systems and operations if the takeover goes through.511 words
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Article123 1987-09-03 15 HOTEL ROYAL Lid: Group net profit of $225,000 ($211,000) on turnover of $2.24 m ($2.32 m) for the six months ended June 30. 1987. EPS came to 1.13 cents (1.05 cents). No interim dividend will be paid. Directors say the performance of the company for the second half will123 words
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479 1987-09-03 15 MBT MALAYSIAN ASSURANCE Alliance's accounts have been subject to comment from its auditors as a result of outstanding financial guarantees totalling M 560.3 million last year. This had been reduced to M 518.3 million as at August this year. The auditors say in theirMBT - 479 words
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Article, Illustration841 1987-09-03 15 ROSIE TAN - MONTH P THAT WAS By ROSIE TAN LAST MONTH, a succession of good-news headlines spurred share prices to new heights. Many companies reported a return to profitability while those that had been operating in the black posted handsome increases in profits. Against this841 words
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383 1987-09-03 15 THE STOCK Exchange of Singapore has asked First Capital Corporation Ltd for more details of its proposed purchase of The Promenade, particularly the financing and valuation aspects of the deal. In its letter to FCC yesterday. the SES wants to know383 words
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Page 15 Advertisements
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Advertisement88 1987-09-03 15 LOST SHARE/STOCK/LOAN STOCK/TRANSFERABLE SUBSCRIPTION RIGHTS CERTIFICATES The following Share/Stock/Loan Stock'LS)Transferable Subscription Rights (TSR> certificates/* together with the relevant signed transfer deeds have been reported lost or destroyed No. of Shares/ Name of Company Certificate No. In Name of stock LS/TSR claims or representations in respect of the abovementioned certificates are88 words
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REGIONAL MARKETS
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154 1987-09-03 16 Reuter TRYART Pty Ltd, the vehicle for Warwick Fairfax's plan to privatise his family's listed media group, John Fairfax Ltd, would not be proceeding with the allpaper element of the proposed offer announced on Monday, Tryart's adviser Rothwells Ltd said. Rothwells had advised TryartReuter - 154 words
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Article607 1987-09-03 16 FT THE JAPANESE Finance Ministry plans to allocate to foreign brokerage houses about 85,000 (nearly 4.5 per cent) of the 1.95 million Nippon Telegraph Telephone (NTT) shares to be sold by the government in November as the second tranche of the NTT share offering.FT - 607 words
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677 1987-09-03 16 Hongkong DBS Securities Reuter THE ABSENCE of fresh incentives prompted profittaking on the Hongkong market yesterday morning. After losing some 20 points, the markets firmed up to yet another intra-day high of 3.650 before it weakened again to close the morning session at 3,630 point.DBS Securities; Reuter - 677 words
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3711 1987-09-03 16 THE KUALA LUMPUR stock market put on a lacklustre performance yesterday despite an encouraging start. Share prices closed slightly easier on a broad front. However, several blue chips were able to recoup part of Tuesday s loses to finish moderately higher. Market observers3,711 words
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Article129 1987-09-03 16 SEP 02 WON Kal ***** -3UU Kangwon Ind Kia Motor ***** ***** -300 50 j Cheil Sugar Daelim Ind ***** ***** unch 700 -90 Kolon Ind j Daewoo Corp ***** Korea Long Term Lucky Ltd ***** ***** ♦950 +100 j Daewoo Heavy Daishin Securities Dong Ah Phar Dong Suh129 words
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Article502 1987-09-03 16 Reuter SHARE PRICES felt in active trade yesterday after Wall Street's sharp decline on Tuesday and worse-than-expected results from a Japanese government bond auction. The 225-share price index fell 171.82 points to 25,946.60 after being depressed all day. On Tuesday the average rose 89.20 to a record closing 26.118.42.Reuter - 502 words
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Article475 1987-09-03 16 Reuter AUSTRALIAN SHARE prices closed sharply higher yesterday as investors scrambled to buy a broad range of stocks. Rising international bullion prices buoyed demand for gold-related and resource issues, while industrial scrip benefited from further solid profit results and continued interest in the media takeover battle, brokers said. AtReuter - 475 words
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Article158 1987-09-03 16 Reuter THE SECURITIES Exchange of Thailand Index rose 10.29 points to 366.70 on a turnover of 3,701,282 shares worth 766.28 million baht. Reuter S£P 02 BAMT Ao Kham Thai 204 4 Ayudhya Investment 370 4 Bangkok Agro-lnd 222 20 Bangkok Bank 359 4 Bank Of Ayudhya 340 2 CharoongReuter - 158 words
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Article286 1987-09-03 16 SEP 02 NT S Kolin 41 10 -06 Kuochan Oev 51 50 -45 All Sincere Indus Lee Chang Yuen 4 47 0.21 Chem Indus 38 40 -08 Asia Cement S3 00 -1 Lien Hwa Indus 30 30 1.1 Cattiay Con* 106 00 -7.5 Nan Ya Plas 66 50 unch286 words
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Article71 1987-09-03 16 PESOS Acoie Mining Oriental B Phil Overseas Phile* B 013 015 064 0 01 unch unch Picop B Atlas Con B Baguio Gold Basic Petroleum 0 025 0 002 PLOT San Miguel B 610 205 0030 -10 unch Benguet Con B First Phil Hldgs Lepanto B Z. 14 05671 words
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Page 16 Advertisements
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Advertisement610 1987-09-03 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SYNTEX LABORATORIES (SINGAPORE) PTE LTD (IN MEMBER'S VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the members of Syntex Laboratories (Singapore) Pte Ltd deemed to have been convened and held on August 28. 1987, the610 words
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Advertisement590 1987-09-03 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LIAN EE REALTY PTE. LTD. (Incorporated in the Republic of Singapore) (In Voluntary Liquidation) NOTICE OF MEMBERS' VOLUNTARY WINDING-UP NOTICE IS HEREBY GIVEN that pursuant to Subsection (1) of Section 290 of the Companies Act (Chapter590 words
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Advertisement326 1987-09-03 16 THE COMPANIES ACT, CAP. 50 PHS CO. PTE LTD (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company held at 111 North Bridge Road #04-43 Peninsula Plaza. Singapore 0617 on Ist September, 1987 the following special resolutions were passed (a) That PHS CO. PTE LTD be wound up326 words
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WORLD MARKETS
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Article1048 1987-09-03 17 New York Reuter THE NEW YORK stock market fell in one of its biggest single session declines ever on Tuesday. Traders and analysts said nervousness over slumping dollar and bond markets and a preponderance of futures-related sell programmes caused a rapid and dramatic selloff. The DowReuter - 1,048 words
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Article962 1987-09-03 17 London Reuter SHARE PRICES on the London market were marked down quite strongly in early trading yesterday following Tuesday's sharp sell off on Wall Street. But higher-than-expected first-half profits from BAT and Hillsdown Holdings turned around the initial dull sentiment and left the FTSE 100Reuter - 962 words
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314 1987-09-03 17 Reuter GENERAL MOTORS Corp should have the bulk of its work in eliminating unprofitable operations finished within 16 months, says its president Robert Stempel. Stempel. who spoke on his first day as GM's chief operating officer, said GM continues to have components businesses "thatReuter - 314 words
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Article987 1987-09-03 17 Selected indices HONGKONG Hongkong Index Wednesday 2.***** Tuesday 2388 49 Week ago 2J1077 Hang Seng Index Wednesday 3.635 86 Tuesdoy 3.644 28* Wert ogo 3.526 26 All Industrials Wednesday 3.2! 31 Tuesdoy 3.181.7 Week ogo 3.112.6 NEW YORK Dow Jones Tuesday 2.***** Monday 2,***** Wert ogo 2.***** TOKYO Nikkei Average987 words
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Article, Illustration509 1987-09-03 17 Deal hinges on approval by regulators in both US and Canada NYT THE SECURITY Pacific Corp has agreed to buy a 30 per cent stake in Canada's largest securities firm, moving America's sixth-largest banking concern closer to its goal of creating aNYT - 509 words
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401 1987-09-03 17 NYT IC INDUSTRIES has agreed to buy the Pepsi-Cola bottling operations of Gencorp for U*****.5 million in cash. IC and Gencorp also said that they had jointly filed a lawsuit against Pepsico Inc. which they said was trying to block theNYT - 401 words
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113 1987-09-03 17 AP COCA-COLA CO has agreed to combine its entertainment holdings with Tri-Star in exchange for Tri-Star common stock. The move will create a US$2 billion entertainment company that will include Columbia Pictures, Coca-Cola Television and Tri-Star Pictures. It will be called Columbia Picturea Entertainment. Coca-ColaAP - 113 words
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Page 17 Advertisements
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Advertisement188 1987-09-03 17 FIRST ISSUE 5 SEPTEMBER 1987. SUBSCRIBE NOW! THE SINGAPOREAN NEWS FOR SINGAPOREANS OVERSEAS V* Fj 1 r II WEEKLY OVERSEAS EDITION M.CI(P) No. 222/8/87 SATURDAY, SEPTEMBER 5. I*B7 V ■J.V iov>,Vv. The Straits Times Overseas Weekly. It's the new weekly newspaper, printed on lightweight paper in convenient tabloid size. It188 words
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Article, Illustration379 1987-09-03 18 SINGAPORE'S Ambassador to France, Mr David Marshall, yesterday put forward four criteria to measure the maturity of a society. These are tolerance of those with different views; pride in one's race and respect for other races; equal treatment of women; and integrity of the379 words
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Article94 1987-09-03 18 AFP INDONESIA'S consumer price index rose 0.54 per cent in August, bringing cumulative inflation for the first eight months of the year to 4.7 per cent, Information Minister Harmoko said yesterday. The index, which is a composite price of a basket of goods and services in 17AFP - 94 words
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Article, Illustration529 1987-09-03 18 MARTIN SOONG - Gold medals for 12 organisations and> 10 persons who contributed to clean-up By MARTIN SOONG ADNAN KASHOGGI S yacht it wasn't, but the Prime Minister didn't seem to mind. Yesterday, Mr Lee Kuan Yew appeared quite content to inspect the rejuvenated waters of the529 words
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Article, Illustration456 1987-09-03 18 SOH TIANG KENG - By SOH TIANG KENG Financial Correspondent FOLLOWING UP on its proposed stock market tie-up with Singapore, Luxembourg is now also considering a new market link in financial futures trading. This was indicated last night by the Luxembourg Deputy Prime Minister and Treasury Minister, Mr456 words
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490 1987-09-03 18 LIM SOON NEO - By LIM SOON NEO HOUSE PROFITS for hotels last year continued to fall and those establishments charging an average rate of less than $60 per room were virtually producing no profit at all, a survey found. The latest Arthur Young hotel survey, the490 words
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207 1987-09-03 18 UPI THE LEADERS of South Korean ruling and opposition parties, eager for smooth political transition to democracy, agreed yesterday on a timetable for writing a new constitution and holding a presidential election based on the new law. Roh Tae-Woo. president of the rulingUPI - 207 words
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Article82 1987-09-03 18 AP HONGKONG HOTEL magnate Michael Kadoorie took delivery of a £994,000 taxi fleet on Tuesday eight green Rolls-Royce Silver Spirits which will ferry guests between his Peninsula Hotel and Hongkong's airport. It's the fourth time since 1970 that Mr Kadoorie, chairman of Hongkong and ShanghaiAP - 82 words
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Article84 1987-09-03 18 Reuter COMEX GOLD FUTURES posted sharp gains on active buying yesterday morning on heightened concern over the escalating Iran/Iraq attacks on shipping in the Middle East Gulf. In a lively market, December gold ran up US$7.7O to U*****.50 an ounce after penetrating automatic buy stops on sides ofReuter - 84 words
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Article88 1987-09-03 18 AFP THE DOW JONES Industrial Average, the barometer of the New York Stock Exchange, fell below 2,000 points yesterday in early dealing. Ten minutes after trading began, the index was at 2,597.41, a fall of 13.56 points. On Tuesday, the index closed 51.96 points lower for theAFP - 88 words
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154 1987-09-03 18 THE LEADER of last week's bloody coup attempt in the Philippines still has a force of 2,000 men and could launch a new revolt, the Philippine defence chief said yesterday. Defence Secretary Rafael lleto also said he could not completely rule out the154 words
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199 1987-09-03 18 Reuter THE PHILIPPINES is perceived by foreign businessmen as a risky place and political challenges continue to pose a major threat to economic recovery, the US-based investment bank Merrill Lynch said. In a report released yesterday, it said the communist insurgency, a demoralisedReuter - 199 words
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LATE FILE
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Article60 1987-09-03 18 Reuter THE AMERICAN economy should grow at a 3 par cant rata in tha second half of this yaar, as industrial production is spurrad by growth in axports and highar domastic consumption, tha Conference Board said. However, it also cautioned that the healthier growth wouldReuter - 60 words
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Article49 1987-09-03 18 Reuter A LAW REFORM Commiaaion said it recommended that a new law baaed on a United Nations model be adopted to replace existing Hongkong law on international arbitration for commercial disputea. Government legal specialists said the model would limit court intervention in arbitration rulinga. ReuterReuter - 49 words
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Article55 1987-09-03 18 Bernama NEW ZEALAND'S Minister of Energy and Regional Development David Butcher yesterday urged Commonwealth partners to help reduce protectionism in world trade. Speaking in Kuala Lumpur, he said they should ensure that any new legislation they made did not infringe the commitment of the Punta DeclarationBernama - 55 words
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Article54 1987-09-03 18 AFP VIETNAM'S inflation is spiralling and living standards are falling, Prime Minister Pham Hung has said, painting a gloomy picture of the country's economic state in a speech marking its National Day yesterday. 'Prices continue to increase rapM4y and the budget deficit and expenditure have not beenAFP - 54 words
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Article59 1987-09-03 18 UPI A KOREAN Air passenger jet with 154 people aboard landed on its belly yesterday at Seoul's Kimpo International Airport after circling tor more than one hour with a jammed front landing gear, an airline official said. There were no injuries and no fire broke outUPI - 59 words
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Page 18 Advertisements
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Advertisement136 1987-09-03 18 Graduates should acquire sxperlsncs, Material success Is not everything, Page 2 Offices that make good business sense Keck Seng Tower LKN MMum long Leong Centre Nal nti Whether you're on the lookout for new offices or new tenants, KFCB is in an ideal position to help you. Over 40 years136 words
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Advertisement15 1987-09-03 18 Tha Comas aihrar report was not avaHabk at prau tima MOVADO I hr Museum Watch.15 words
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SHIPPING TIMES
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441 1987-09-03 19 AFTER MAKING a comeback in the first half of this year following two years of losses. Orient Overseas (Holdings) Ltd is planning to order three container ships. The Hongkong company, which recently reported net profits of US$7.l million, says the order is441 words
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Article187 1987-09-03 19 Reuter NEARLY 30.000 WORKERS at two Hyundai Corporation units are back on strike following a period of relative calm at South Korea s leading export conglomerate. Company officials said the protests at Hyundai Heavy Industries Co Ltd and Hyundai Precision and Industry Co LtdReuter - 187 words
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216 1987-09-03 19 Kingsley Wood A MARINE INSURANCE company has lost an appeal against paying P O Australia the cost of towing a damaged barge from King Bay, on the Northwest Shelf, to Singapore. A Full Bench of the Victorian Supreme Court has ruledKingsley Wood - 216 words
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PORTSIDES
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Article93 1987-09-03 19 Reuter LLOYDS SHIPPING INTELLIGENCE has given details of vessels damaged in South Korea by typhoon Dinah. The 20,327-dwt South Korean bulk carrier, Atlas Counsellor, was grounded at Pohang outer harbour while lying at anchor in ballast waiting to load cargo. The 19,212-dwt Iranian vessel Iran GheyamatReuter - 93 words
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Article87 1987-09-03 19 HITACHI ZOSEN CORP, a leading Japanese shipbuilder, has won a 150 billion yen (US$l billion) order for two VLCCs from Overseas Shipholding Group of the US. It was the first time in seven years that a Japanese yard had received a foreign order for a VLCC,87 words
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Article133 1987-09-03 19 AFP SCAMP underwater hull cleaning and propeller polishing stations have extended their worldwide network to the UK. The UK station, SMS Hull Maintenance, is based in Falmouth where SMS will use the facilities of Falmouth Shiprepair. The yard can dock vessels of up to 100,000AFP - 133 words
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1360 1987-09-03 20 DESPITE THE warning signs of imminent overcapacity and what amounts to institutionalised discounting by some operators, the wave of cruise ship orders continues unchecked. Expansion or replacement is the rule, rather than the exception, and replacement invariably means more capacity. Like old soldiers,1,360 words
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172 1987-09-03 20 Kingsley Wood A WEEKLY shipping service has begun serving the Australian North-West Shelf natural gas project with the 10,000-dwt Freeway Freeman calling at the new port of King Bay, on the Burrup Peninsula, north of Dampier. Freeman Freeway, a ro-ro ship, runsKingsley Wood - 172 words
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Article656 1987-09-03 20 aB Shpg V 5 ABC Container VIII 1 Accord Shpg VI Africa Oceon X Alltrans VH American Tpt X Anship Int'l X Aiwo Service IV AMI 1 APC line V API Arrow lines X ASCI Ml Asian Ocean VI Bolt-Conoda line VN Bolt Orient line VN Bank656 words
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Article1630 1987-09-03 20 THERE WAS fairly active chartering on Tuesday to carry grain cargoes out of the US. but no new business emerged on the influential Gulf to Continent and Japan routes, ship brokers said Grain from the Gulf to South Korea received US$l5 50 while $11 75 was paid from1,630 words
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Article171 1987-09-03 21 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): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang shipping ANRO (STRAITS/AUSTRALIA): Australian National Line Australia Straits Container Line171 words
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Article, Illustration68 1987-09-03 21 SHAHROLDM BIN AU has assumed the post of general manager of Malaysian Dredging Corporation Sdn Bhd, a joint venture between Perbadanan Nasional Shipping Line. Shapadu Holding Sdn Bhd and Overseas Decloedt et Fils of Belgium. An economics graduate of the University of Malaya, Mr Shahroldin spent 1268 words
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351 1987-09-03 21 AFP MORE THAN 100 representatives of shipyard workers in 26 countries met in Helsinki, Finland, on Tuesday to discuss trade union policy in the face of the continuing crisis in their industry. The three-day conference is organised by the International Metalworkers Federation (IMF). AccordingAFP - 351 words
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Article352 1987-09-03 21 Lloyd's List THE GROWING STRENGTH of the The Maersk Company based in London waa illustrated by an announcement that there could be 50 ahipa in its fleet by the end of the year. The statement came aa the company concluded an inhouse deal withLloyd's List - 352 words
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Article754 1987-09-03 21 AFP A FALL in demand for vessels in both single voyage and time charter sectors saw a corresponding decline in rates on the freight market during the past week. The drop in earnings was all the more obvious given this summer's rally in rates to the highest levelAFP - 754 words
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437 1987-09-03 21 Reuter IRAN'S revolutionary guards attacked four tankers and a cargo ship in the Gulf within 16 hours while Iraq launched another air strike against Tehran's oil exports yesterday morning. Gulf-based shipping sources said revolutionary guards in high-speed motor launches raidedReuter - 437 words
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7677 1987-09-03 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 of7,677 words
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Article523 1987-09-03 27 AT CONVENTIONAL WHARVES 1 > B«nh Arrival Departure KEPPEL WHARVES Arrow Prince KI7 alongside 04 *****0 Baron Star K34 alongside 07 *****0 Doiyunshon K2I olongj.de 03 09/2300 Dang Delima KI9 olongside 03 09/2300 Donyong •C35 olongside 09 09/2300 Equator V K22 olongside *****700 Koto Benar K33 olongside523 words
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Article908 1987-09-03 27 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Arrival data/tima Gdna FCL Ship Voy Operator LCL movamant cargo schadula Location Koto Bohogio As Plutus Or Foirti Piyo Bhum Ned Dejimo 8714 314 4 102N 327 03 09 87 03 0987 *****7 *****7 *****7 1800 1900 1900 2000 2200908 words
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Article134 1987-09-03 28 Area/Port Iflari n ■Iti i viscosiTy CST at 50C Density Q/ML at 15C Water Volume 0/0 Africa/Red Sea Jeddoh Durban Arabian Gulf 161/196 24/186 0.951/0.974 0.950/0.991 0.1/2.2 0.0/0.8 Ras Tonura Bahrain Europe 154/190 132/199 0.949/0.950 0.965/0.977 0.0/1.0 0.0/0.1 Rotterdam Hamburg Le Havre Genoa Far East 26/530134 words
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Page 19 Advertisements
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Advertisement789 1987-09-03 19 How S.K. Asia upset the logical West jh fnltrai [*.»w HN.ARIOUS. TRAGIC dangerous Available at all Good Bookshops STP Qfctrlbutorc 2 Ju»ong Road OiyENT OVEIQEAS CtUuml LINE j NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORLD ROUTING" NORTH AMERICA CALHPRNIA. PN* ME ST CANADA j)EmM WIPfWQ AGERCIfS (Rdf. My. jttWVX •till*789 words
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Advertisement74 1987-09-03 19 DESPITE THE warning signs of imminent overcapacity and what amounts to institutionalised discounting by some operators, the wave of cruise ship orders continues unchecked. Pag« II REPRESENTATIVES of shipyard workers in 26 countries met in Helsinki on Tuesday to discuss trade union policy in the face of the continuing crisis74 words
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Advertisement1097 1987-09-03 19 JWxlafti* ail Good Bookshops Con* -t,n9 ternts VyU»Published by Cambridge MAERSK LINE THE FAR EAST AND THE MEDITERRANEAN HAVE BEEN BROUGHT CLOSER TOGETHER BY MAERSK LINE To Europe UK Finland Birarwrninii; 7*mw? CECIL IE M LUNA M 87 ARTHUR M 87 ANNA M PLANT IN 87 LAUST M 87 Sailed1,097 words
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Advertisement425 1987-09-03 20 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO MEDITERRANEAN VOY VIA FEEDER SPORE MARSEILLES BARCELONA ALEXANDRIA BEIRUT LATTAKIA PK I PNC ETA/ETD ETA ETA ETA ETA ETA I ETA I ETA EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/ MARSEILLES 16 DAYS425 words
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Advertisement17 1987-09-03 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.17 words
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Advertisement394 1987-09-03 20 EUROPE/FAR EAST CONVENTIONAL SERVICE TEL: 03-*****50 MALAYSIA SON. bhd. TLX: ***** MTM Frt. Booking contact Miss Gan Further load/ discharging ports an route subject to sufficient inducement Singapore Office: MTM S pore Tel: *****00 Tlx RS ***** MTMSEA Fax: *****45 CHARGEURS REUN/S SEMI CONTAINERISED SERVICE TO WEST AFRICA CR DOUALA394 words
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Page 21 Advertisements
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Advertisement885 1987-09-03 21 The Straits Steamship Group Mansfield Container Shipping Re Ltd p&o Containers Limited CONTAINERS* SERVICE TO UK/COMTRCNT: CITY or EDINBURGH FRANKFURT EXPRESS OSAKA MY MTANO MARU LAWS lAY HONG KONG EXPRESS CARDIGAN «AY KM VON TOCAGA MY TOKIO EXPRESS Also Accepting Cargo For: RuWwiw to Mtmmf, AmtifMi, Oilv Soythai?v(«i 10 Balfast885 words
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Advertisement400 1987-09-03 21 EUROPE/MED USA/PANAMA VESSEL ASIAN SEMTM I Wf 7K U N IF 7B|aj| m mmm m ml Tb O#o#f Ag+nt si ■A 7K m mm m m laui VA 7H ILN EE 711 I EE 711 EE 71t EE 7IS M ISM M II M JI lUI n« nru rr*w II400 words
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Page 22 Advertisements
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Advertisement257 1987-09-03 22 BE Hapag-Lloyd \j CONTAINERSHIP SERVICE TO UK/CfIHTIHHIT ALL UK INLANO DESTINATIONS BEIF ST, DUBIIN COPENHAGEN. A",RHUS. GOTHENBURG MALMO HELSINKI. OSLO. AMSTERDAM CARIBBEAN 8, S AMERICA CONV.SEMI-CONTAINER SERVICE TO EUROPE S PORE H 3URC ROAM A WERP IMMINGHAM 17/» 12/10 15/10 It/10 23/10 CONV, SEMI-CONTAINER SERVICE TO MED EUROPE -Agents Singapore257 words
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Advertisement840 1987-09-03 22 fIC&LINE iim W M rwnuriM FULLY CONTAINERISED SERVICE! TO EUROPE VIA SUEZ 1 M mb ol ,hf CP C O ,,U,T, I FROM EUROPE VIA SUEZ A Mombfr of the Ace Consortium H Roof Kaoshmnf luun Tokyo Spore TRANSWORLO BRIDGE ME 5/9 SEVEN SEAS BRIDGE 61E 12,-9 ACE CONCORD 10E840 words
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Advertisement467 1987-09-03 22 W* INDIA STEAMSHIF EXPRESS FCL/LCL 1 FORTNIGHTLY CONTAINER SERVICE TO MADRAS VIZAG HALDIA CALCUTTA CHITTAGONG CHALNA COLOMBO T. FONTANE WWW T. FONT AM WON INDIAN COURIER V2JN T FONTANf VIIN INDIAN COURIER V?«N T FONTANI VUN INDIAN COURIER V2SN SIN SM 17/00 zm •*lO i?/m 11/10 ttai VII* CTC HAL467 words
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Advertisement1197 1987-09-03 22 **m* EVERGREEN Round-The-World East Bound (FE/CARIB/USEC/EURO/FE rwtm r>.XT/cur. «.....< IT- WS 0« TfO KM CHS lire Ml Hit ru ROM AN* LHV SCP EVER GIANT EVER GENIUS l/l 12/1 11/1 20/1 Uyjg jjyjj l|/H lint EVER GIORTtVER GREET IVI 11/1 21/1 21/1 17/11 21/11 2*ll 23/11 fifl e! ft« i(U1,197 words
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Page 23 Advertisements
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Advertisement961 1987-09-03 23 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE RED SEA/EAST AND WEST AFRICA SERVICE VESSEL KOTA SEJATI KOTA RATNA KOTA BAKTI KOTA WUAYA KOTA JAVA KOTA MUTIARA KOTA WARUNA VESSEL CALV KOTA FAJAR KOTA961 words
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Advertisement525 1987-09-03 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINEfT City of Edinturgti Frwrthtrl Eiprnt OuU It, Rrtm Htm L»l» T*am *n T «*>« Eiprtu EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ,a- SSL LH" 1 m f toiW SMM SWM tiM SMM in }lt HRC. MO LT" w> 35 SJo HKC. RAO 11/1525 words
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Advertisement445 1987-09-03 23 DJASAGETRI A Joint Europe Service Of: P.T. RJAKAITA LLOYI P.T. 6ESURI LLOYD PX WMOtRA HMNESIA P.T. TRSKORA LLOYI EXPRESS SEMI CONTAINERSHIP SERVICES l.iijj: VESSEL/VOY PALEMBANQ7WB CANOA GAMA/19WB NATARAM/MWB ANTWERP BILBAO BREMEN A DAM/R'DAMH BURG mo mo n/M u/u mi am mi t/ii 11/11 Sublet to toducamant Atoo accepting cargo to445 words
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Advertisement449 1987-09-03 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPIWB CMMIITIMI I (Burmese National Line) pagan viirn SITTWAY V3IW htomeywa vzrm PA AN VIISW Loading for Rangoon e P.Kelang Penang Bangkok Spore P. ZMSopt VMS* urn so* 21/21 Sept BANK LINE SEMI-CONTAINER SERVICE TOANA PAPUA V6N 11/9 CLYDEBANK V2IN 24/9 FORTHBANK V2ON 76/10449 words
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Page 24 Advertisements
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Advertisement1156 1987-09-03 24 Ik K"UnE SHIPPinG-DflTfl ATLAfITIC COAST (Round-The-World Service) 'PK/PN6 SPORE LB CHLS NFK NYC HFX 0 FRIENDSHIP V 4 ffc— S#P 5 001 ,oct WOct 14 061 F It OSH,P V 4 12 Sap 13 S«p 3 Oct 12 Oct 15 Oct 17 Oct 21 Oct •VIA FEEOER PACIFIC SOUTH-WEST FEEDER1,156 words
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Advertisement524 1987-09-03 24 AUSTRALIA EXPRESS CONTAINER SERVIC Accepting FCL/FCL ConUlnora f—6* P Kaianf Lm Vatial S par* IMb Fram S»*i w CHAWHDAS' V 27 12 Sapt 27 Sapt Oct Oct Ad*J "KABIRPAS" VJt S Ofl »Od 2» Oct V Oct AM* INDA EXPRESS CONTAINER SERVICE AccapHrvg FCL/FCL Container* Smipoft PKdanf Pm« Laa*n| tar524 words
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Advertisement789 1987-09-03 24 GOLDEN LINE GUM GUAM SWUNG (Pit) LID 21. W Hi* Stwt smtmm oim m atnu <u i*J) Far gas STRAITS/PERSIAN GULF SERVICE: Spore PKetantf GOLDEN HARVEST Cotombo'Karaclii/Dubai 23/74 S«pt GOLDEN HAVEN Colombo;Karach. 'Muscat S/t Oct CHINA SERVICE A VESSEL HsmMo|/Slwn((iai 12/14 So* CHINA OCEAN SHIPPING CO.. PEKING THE PEOPLE'S REPUBLIC789 words
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Advertisement425 1987-09-03 24 PHILI onl€NT UN€5 PT€ LTD *EA: erf CE 63 P.OS ssci RCSD <: A'HO AS A BJiLD NS S SjACGSf CI *t\f» c s ?a:?3 Pr i- ft» ??ws EAST/FAR EAST Fa A LCL SBIYICE ETA 7/9. 12/9 22/1. 25fl DOHA. MUSCAT. MMMM. MU OMAN A SHARJAH JEDOAH. HOOEDAH. AQABA425 words
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Page 25 Advertisements
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Advertisement932 1987-09-03 25 Lumpu NEPTUNE ORIENT LINES LTD ST. NEPTUNE AGENCIES PTE LTD ft EU/AUST TPA/SEA Terminil CFS BOOKINGS *****53 *****42 *****22 *****53 2T0115 *****16 *****11 *****41 NEPLINE SON. BHD 3619(87 NEPLINE SDN BHD *****33 INQUIRIES *****44 NEPLINE SDN BHD *****V*****0/*****1 *****2 NEPLINE SDN BHD *****0/*****1 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A member932 words
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Advertisement467 1987-09-03 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG, BUSAN. INCHON 1 S PORE AGENTS NEPTUNE AGENCIES PTE LTD Tel 77*112,77t5ti4 uvsiormxm (Operation) *****17 *****44 (Terminal) *****50 *****04 (CFS) MALAYSIA AGENTS TUNAS SETIA SON BHO Kl Tel ****** *****97 PK Tel *****64 36(**********6 PEN Tel *7375,*****5/*****5 CEYLON467 words
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Advertisement791 1987-09-03 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD S.NSOVBU.LD.NG* Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** r RtLANvi PfNAMC M/S HANDLING SYSTEM CO SON BHD *SSRS MAI TWMic chimin ,rr o- c No 14 j*n791 words
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Advertisement27 1987-09-03 25 Agent Freight Management Regular reliable seafreight consolidation service to all ports in PAPUA NEW GUINEA RECEIVING CARGO DAILY AT PSA BLK 37 Call *****11 Mr Richard Khoo27 words
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Page 26 Advertisements
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Advertisement354 1987-09-03 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 <30 Lines. FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAO -LINES i T/SEEREEDEREI ROSTOCK VE.B DEUTFRACHT/SE INTEGRATED FULL CONTAINER SERVICE "VIA COLOMBO Accepting cargo for INDIA Bombay, Cochin Madras "VIA LARNACA Accepting cargo for Lattakia, Piraeus.354 words
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Page 26 Miscellaneous
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Miscellaneous178 1987-09-03 26 VA Regional Weather »—n «3 1 1 l S* a s 8 L< 35 C' 4 m iSS Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather s~/ Wind direction with speed in knots Rain Wave height Cloudy Sky Snrface178 words
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Page 27 Advertisements
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Advertisement259 1987-09-03 27 DM CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE 21!^5- DCSTINATIONS: AARH US, AMSTERDAM. ANTWERP, BASLE, BREMEN, BREMERHAVEN, COPENHAGEN, HELSINKI. MALMO. OSLO, STOCKHOLM. UK LOADING FROM: GOTHENBURG, BREMERHAVEN. HAMBURG. ROTTERDAM259 words
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Advertisement288 1987-09-03 27 I J: i DAILY ACCEPTING LCL/FCL TO:TTT I 1 E TRANSTAINERS LINE WEST AFRICA SERVICE PEN/PK SIN TO: DAKAR, CONAKRY 1/9 4/9 ABIDJAN, LOME 8/9 U/9 CONTONOU, DOUALA LIBREVILLE, PORT GENTIL P. NOIRE, LUANDA r.KUK MBTMLU KEE/KIO UMKK KMK *10(10 PORT TO DOOR DELY: PT. KELANG TO KOTA KINABALU IN288 words
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Page 28 Advertisements
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Advertisement424 1987-09-03 28 INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europe/Mediterran«an Vsl C VEROLME TNT EXPRESS E HUDIG BRUSSEL [Uimrjr7ni 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CPS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 *Wm. P.T. UNITED SHIPPING P* ORGANISATION LTD I W DIRECT REGULAR SERVICES i(424 words
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Advertisement849 1987-09-03 28 MN SOCIETE MAURICIENNE DE NAVIGATION LTEE INDIA OCEAN, SOUTH/EAST AFRICA REGULAR SEMI-CONTAINER SERVICE I SEALION SHIPPING(S) PTE LTD TEI ??05W1 (5 lines) TELE* RS?43:>4 SEIION FAX 22b0/41 AFrka Ocian LinKs Lid. T AFRICA SERVICE VESSEL ETA SPORE TBN 15/9 Loading for APAPA/LAGOS, PORT HARCOURT, LOME, TENIA. CALABAR AND CONAKRY. Accepting849 words
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Advertisement463 1987-09-03 28 AMERICAN TRANSPORT LINES, INC. AmlVut. ACCEPTING CARGO TO ATLANTA. SAVANNAH. BALTHKME. MAW. TAMPA. OTHER U.S. EAST COAST PORTS ON REQUEST ALSO ACCEPTING CARGO TO CENTRAL/SOUTH AMERICA CRISTOBAL. PUERTO CABELLO, SANTOS. RIO GRANDE. PARANACUA. RIO OE JANEIRO, BKNOS AIRES OTHER PORTS ON REQUEST. TO CARIBBEAN PUERTO^ ICO, VIRGIN ISLANDS. ST THOMAS.463 words
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