The Business Times, 15 September 1987

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 112/12/86 TUESDAY, SEPTEMBER 15, 1987 75 CENTS
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  • 213 1 STOCK MARKET SHARE PRICES closed generally lower owing to profit-taking and lack of follow-through buying in very sluggish trading yesterday. The ST Industrial Index rose 1.56 points to 1,467.67 while the BT Composite Index inched up 0.85 point to 1,298.73. Volume fell sharply to 14.83m shares worth
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  • 585 1  -  Singatronics offer expected to be imminent By AMY BALAN THE SEVEN-MONTH-OLD second securities market, Sesdaq, will see an influx of yet more companies in the next few months. Imminent is a public offer from Singatronics one of Singapore's most successful pioneers in the electronics
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  • 207 1 DBS LAND announced yesterday that it had bought Federal Hotel in Scotts Road for $35 million to be paid for in cash. This confirmed a story in Monday's BT that it had, through its subsidiary, Property Management Pte Ltd, bagged the hotel in a tender.
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  • 555 1  -  By LISA LEE AGGRESSIVE PROPERTY group City Developments Ltd has outbid two other contenders for the Chinatown Centrepoint project. With a $55 million bid, City Dev ousted the Far East Group which recently bought a plot of land in the same
    555 words
  • 135 1 AFP SPECULATION in demonetised Burmese bank notes came to a near standstill in Rangoon yesterday as hopes for a government refund vanished and private entrepreneurs sufferred heavy losses. Burma's three highest bank notes were invalidated on Sep 5 and entrepreneurs gam- bling that the
    AFP  -  135 words
  • 372 1 AFP, Bernama MALAYSIAN PRIME MINISTER Datuk Seri Dr Mahathir Mohamad has called for unity in his United Malays National Organisation (Umno), but has made no concrete proposals to bridge differences with arch rival Tengku Razaleigh Hamzah, party officials said yesterday. Dr
    AFP,; Bernama  -  372 words
  • 139 1 Bernama GERAKAN PRESIDENT Datuk Dr Lim Keng Yaik said yesterday that the time had not come for a review of the federal Constitution. The Constitution guaranteed the well-being of all the races in Malaysia and there was no reason for it to
    Bernama  -  139 words
  • 316 1  -  By TONG SUIT CHEE INVESTMENTS made by Central Provident Fund members in shares and gold jumped to $505.2 million as at the end of July, double what it was four months earlier. The amount in February was $230 million. The number of people making
    316 words
  • Page 1 Advertisements
    • 49 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM ICWEX SMOOO KSMUMfT I asass»». Our special Thai cl,, cuisine is the 8 You can now hav^v our delicious Theatre Restaura^ o**-0**-Braised Shark's PCrabmeat, with Combination air oo^ many more. Win 200 valuable prizes in our 16th anniversary draw. Beach Road, Singapore 0719.
      49 words
    • 311 1 Workaholics without work THE "land of workaholics" Japan is experiencing rising unemployment. For the first time since the Second World War, the official unemployment rate has gone above 3 per cent. Most Japanese remain unaffected. But for those who have lost their jobs, the experience is shattering. Perspective, Page 10
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    • 199 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM HIGHTECH WITH HIGH TOUCH Si -.v. As the world grows mors technicol, so the work environment most become more humone, more pleasing to the senses. If s a question of balance. Vitro's answer is "Figuro", a wholly new kind of office chair, designed by
      199 words

  • HOME NEWS
    • 487 2  -  By ALVIN TAY THE SINGAPORE Tourist Promotion Board (STPB) has reported Its second consecutive year of operating deficit. For the financial year ending March 1967, there was a shortfall of $4.7 million. This is, however, an improvement over the previous year s figure
      487 words
    • 195 2 THE growing importance of rubberwood aa one of Asia's major timber reaources haa been a boon to a British wood preservation company. Hickson Timber Products Ltd has seen demand growing strongly for its presaure impregnation aystem which can preserve the durability of
      195 words
    • 27 2 THE GOVERNMENT of Uruguay and the Republic of Singapore have agreed to establish diplomatic relations between the two countries at ambassadorial level from today.
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    • 415 2  -  By GENEVIEVE CUA A COMPANY of the Sembawang group has clinched $10 million worth of contracts with five Japanese giants. Sembawang Engineering, a leading contractor in South-east Asia, will be providing engineering expertise designing, fabricating and testing process equipment for these companies: Mitsubishi for the
      415 words
    • 169 2 REMINISCENCES of Singapore's ancient past are the offerings of the National Museum centenary commemorative stamp issue. The set of stamps will be released by Telecoms on Oct 12. In denominations of 10 cents, 75 cents and $1, the stamps feature highlights of the
      169 words
    • 312 2 SINGAPORE will be the venue for a forthcoming international conference on the current global environment. The conference, entitled "Pacific 2000: Global Challenge", is part of the activities to mark the centenary of the International Herald Tribune. Among the estimated 200 participants expected at
      312 words
    • 72 2 SIM LIM Investments Ltd, which reported a group pre-tax loss of $10.24 million for the year ended March 31. 1987. said its results were substantially affected by provisions for doubtful debts of $17.6 million. This was mainly due to provisions made by its subsidiary Sim Lim Finance
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    • 106 2 NATURE LOVERS will have a $5 million haunt to go to whan a large piece of land around the Bedok Reservoir is converted into a park in two years' time. Spanning 47 hectares, the park will have an open forest atmosphere to enable birds
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    • 492 2 ENCYCLOPAEDIA SALES in Singapore are estimated to be worth $15 million to $20 million annually, with growth at a steady rate of 20 to 30 per cent a year. Even the recent economic recession did not make a dent in sales, according to
      492 words
    • 354 2 JOHNNY LIM has been promoted to general manager of Remy Nicolas Fine Wines and Spirits (Re) Ltd. A Nanyang University accountancy graduate. Mr Lim was formerly marketing manager of Remy Nicolas. Before joining Remy Nicolas, he was with a Japanese electronics company in Singapore and before that
      354 words
    • 342 3  -  By MARTIN SOONG CHANGI IS CLOSING in on Schiphol for the title of world's beet airport. In an annual poll by the UK magazine Business Traveller, Amsterdam's airport beat Changi for 1987's crown by a single vote. In the "best airport
      342 words
    • 417 3  -  By SOH TIANG KENG, Financial Correspondent THE Singapore Society of Accountants has set up a 16-member committee, led by its former president, Mr Steven Tan, to examine the controversial issue of rotation of auditors. The committee, with representatives from the accounting profession, Government, the
      417 words
    • 355 3 MANAGEMENT frauds and corporate collapses and their implications for the accounting profession will be highlighted at this year's annual conference of Singapore accountants to be held from Oct 30 to 31. Finance Minister Dr Richard Hu will deliver the keynote address to the
      355 words
  • Page 2 Advertisements
    • 416 2 Only at Scruples Explore Scruples. Discover designer originals in rattan and wicker. A dream collection of the classic and contemporary. All handcrafted to capture your imagination. Elegance in furniture. Come to Scruples. But come prepared to fall in love. At Scruples. Only the finest. Business hours: IQam 6pm: Tuesday to
      416 words
    • 10 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day
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  • Page 3 Advertisements
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  • ASIA-PACIFIC
    • 411 4 Deficit projected at below Asl b Reuter TREASURER Paul Keating is presenting Australia's 1987/88 Budget today amid market expectations of continued economic restraint to keep the country firmly on the road to recovery. The Budget, coming out two months after the Labour Party government
      Reuter  -  411 words
    • 143 4 Reuter US PROTECTIONIST trade policies could damage long-estab-lished close relations with Australia, Prime Minister Bob Hawke said on Sunday night. Mr Hawke said the US was "trying to pervert normal international commercial relations" in seeking to capture Australia's coal and beef trade
      Reuter  -  143 words
    • 538 4 NYT HONGKONG, renowned as a world trading centre in goods ranging from clothing to toys, is now making a name for itself in the international arms trade. A few weeks ago, for example, Tak Fai Hong Trading Co in nearby Macau sent a
      NYT  -  538 words
    • 197 4 Bernama, Antara SULTAN HASSANAL BOLKIAH visited the Indonesian resort island of Bali to explore suitable investment opportunities for th# Brunei government in the island's tourism industry, Indonesian Minister of Tourism, Poet and Telecommunications Achmad Tahir said over the weekend. He said the Brunei government
      Bernama,; Antara  -  197 words
    • 457 4 Reuter INDONESIA'S armed force» have urged the government to take tough measures to fight corruption. Soegeng Wijaya, spokesman for the armed forces group in the state legislature, said the military wanted to see firm action against corrupt officials. In strongly-worded remarks published
      Reuter  -  457 words
    • 135 4 Bernama THE PROPOSED BAN on imports of CBU (completely built-up) vehicles will hasten the demise of Malaysia's ailing reconditioned car and commercial vehicle industry. Fauzy Abdul Hamid, chairman of the Malay Importers and Traders Vehicles Association of Malaysia (Pefcema), said yesterday that
      Bernama  -  135 words
    • 366 4 Reuter THE PHILIPPINE army colonel who led a bloody military rebellion last month has hinted that his attempted coup involved a wider conspiracy than has so far been revealed, and vowed not to surrender. "At this point, we can't divulge what we intend to
      Reuter  -  366 words
    • 905 4 ARRIVALS Operator S*rvic« Local From numbor tim* MAS MH811 0910 PEN MAS MM671 0920 KUL AC AC858 0925 YYZ/LHB/80M su SQ103 0950 KUL CPA CX710 1015 CGK MAS MH603 1020 KUL MA BU21 1100 BWN GU GA960 1100 CGK SU SO'05 1105 KUL SU SO 201 1145
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  • Page 4 Advertisements
    • 189 4 if, .4 ♦-A'.-v i '*> iv--» I 1 1 j\" M I V .*1 «B V r ~>" > 5 ■>.- If I, I/ Qiovanni's done it again. He's come up with a whole new concept for an Italian style lunch in the afternoon. It consists of a special Antipasto
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    • 58 4 I V Jt 'I tf The business person's choice, every I I liVl II I II I Tuesd v Thursd °y. Saturday and I WI \1 II M Sunday. Leaving Changi Airport at 22:05 hours and arriving at Lester B. Pearson International Airport the following day. Call your Travel Agent
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  • Page 4 Miscellaneous
    • 90 4 Doonesbury GOVERNOR, SURELY YOU KNOW THE HARD QUES- HON EVEN BEFORE I ASK n. WITH NEARLY *23 MILLION IN CAN" CONVENTION BUSINESS, HAVEN 7 J YOU CAUSED ARIZONA T GREAT HARM BY RESONDm THE KJNG X HOLIDAY NOT AT ALL. THAT LOSS WILL BE OFFSET BY GROUPS UNO MAT HAVE
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  • REST OF THE WORLD
    • 491 5 Signs of tough stand on both sides Reuter THE United States and the Soviet Union appeared set to clash over the fate of nuclear warheads at talks in Washington this week aimed at finalising a treaty eliminating intermediate nuclear weaponry. When Soviet Foreign
      Reuter  -  491 words
    • 209 5 Reuter THE WEST GERMAN Christian Democrats Party has been forced into further political dependence on the small liberal Free Democratic Party after losing heavily in two state elections on Sunday. Official provisional figures show that the Free Democrats more than doubled their share of the
      Reuter  -  209 words
    • 73 5 Reuter MAILING CHRISTMAS CARDS to friends in Antarctica will be a bit more difficult this year, as the world s southern-most post office will be closed. New Zealand Post said yesterday that it would close the branch at its Scott Base in Antarctica next
      Reuter  -  73 words
    • 478 5 NYT ARGUING that a proposed ban on imports of Toshiba Corp products could cost US businesses billions of dollars, a handful of America's largest and most politically influential corporations have begun a concerted lobbying effort to block the legislation. For more than a
      NYT  -  478 words
    • 451 5 UPI THE UNITED STATES ranks seventh among developed nations in accessibility to family planning in the first comparative survey of birth control figures worldwide, according to a population organisation on Sunday. The Population Crisis Committee study in the US determined that
      UPI  -  451 words
  • Page 5 Advertisements
    • 37 5 Philippine Airlines ■p-j&gS: fcfc--* yr THE CHARISMA OF THE FILIPINA. IT COMES FROM AND IT SHINES ON EVERY FLIGHT. SHINING THROU6 w rc 1 Mi it. mm? iStk A'HERE DEEP WITHIN. -jgf >■ i u -v Vw_ i
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  • Page 5 Miscellaneous
    • 62 5 2S Singapore OUTLOOK: 8ho««r« ov*r nntil areas In Raport for 24 hours prior to 7.30pm on Sap 14 at RsMtN In mm lUMaNMsmft Rainy day* Ms i Nassau Naw Daftti Saw York Nicosia Oslo Paris Parlh Rio 'Jooairo Roma Son Fris'co San Juan Santiago Soo Paulo Saoul *T»n rlrfri nlm
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  • MONEY AND EXCHANGES
    • 188 6 Indicates the average of the prime lending rates of 12 major banks in S'pore Interbank market rates (offer/bid) on Sep 14 us$ DM SWFC Y«n 7 doy» 7 3/16 1/16 9 5/16 3/16 3 7/8 3/4 1 1/2 1/4 3 11/16 9/16 1 i 7 9/16 7/16
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    • 356 6 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels yesterday, after a day of quiet trading. Most operators were reluctant to open fresh positions due to uncertainty over the US dollar's nearterm direction and lack of fresh factors. Short-dates were unchanged to slightly firmer at the outset, underpinned
      356 words
    • 197 6 TO THE CHARTISTS who have everything, financial futures trader Peter Marx is offering a three-month-early Christmas present. The Magic Fan is not something you take out of a box, nor is it as gleaming an instrument as the Golden Section Compass
      197 words
    • 84 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****X 10.12.87 3.33 3.28 3.30 3.19 6 months BS*****Z 21.01.88 3.38 3.33 3.35 3.25 1 year BY*****S 30.06.88 3.45 3.40 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
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    • 653 6 DECEMBER Eurodollar opened unchanged yesterday from Chicago s close at 91.71 and edged up to 91.74 in early trading as the US dollar was steady to firm. The market was however relatively quiet in view of a Japanese holiday today. Technicals pointed to a bullish bias with the near-term
      653 words
    • 59 6 THE OVERNIGHT RATE on the Singapore interbank market fell two points from last Friday to end at 114 per cent yesterday. The term rates remained unchanged. S$ Interbank rates at 7pm yesterday: OW« MO Ov«rrigM 1 1/3 I 1-morth 4 3/16 4 1/16 2-«omfc 4 5/16 4 3/16
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    • 1310 6 INTEREST RATES OPTIONS Friday, Sapti Mnbtf 11, 1987 EURODOLLAR (CME) iffl;phol 100% Mm If e Oac-c Mar-c PU IW Da»* Mar* 9200 0.49 922S 0.24 9250 0.02 9275 .0004 9300 .0004 9325 .0004 0.20 0.12 0.07 0.04 031 .0004 0.23 0.16 an ao7 0.05 0.03 .0004 .0004 0.03 0.26
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  • Page 6 Advertisements
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      154 words
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  • BANKING AND FINANCE
    • 467 7 MBT THE GROSS interest margins of Malaysian commercial banks almost touched the 6 per cent mark with a figure of 5.93 per cent at the end of May, according to Bank Negara in its latest quarterly bulletin. At the end of 1986,
      MBT  -  467 words
    • 303 7 MBT THE TOTAL PUBLIC DEBT of the Malaysian federal government rose by 1.9 per cent to M 575.4 billion at the end of March, according to Bank Negara's latest quarterly bulletin. This was brought about by the 3.4 per cent
      MBT  -  303 words
    • 1397 7 SINGAPORE: Late speculative buying took the US dollar higher in thin trading yesterday. Speculators bought on the perception that the US August trade deficit would improve from July's record U5516.47 billion. Short-cov-ering ahead of a holiday in Tokyo today also lent support. The dollar ended at 1.8105/15 marks
      1,397 words
    • 607 7 NYT THE SIX-MONTH-OLD TREND towards higher bond yields was interrupted late last week, but the change did little to allay fears that the fundamental trends in the US economy point to higher rates in the future. Unlike the first few months of
      NYT  -  607 words
    • 368 7 Reuter TRADERS IN TOKYO'S rumour-driv-en stock market are talking about one thing only these days how much money Japanese banks and financial institutions have lost on risky bond investments. "The risk of a financial panic, and its unthinkable consequences, is a
      Reuter  -  368 words
    • 193 7 Reuter TOUGH LINES on debt repayments by Brazil and Argentina are making it harder to win support for a debt relief plan for the poorest countries in sub-Saharan Africa, British Chancellor of the Exchequer Nigel Lawson said. Lawson said some countries were concerned that
      Reuter  -  193 words
  • Page 7 Advertisements
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      145 words
    • 108 7 KEPPEL HOUSE SINGAPORE FOR SALE BY TENDER !A A modem 5-storey office building with car parte Situated on the fringe of the Financial District, next to the IBM Towers and one of the busiest ports in the world. Onty a tew minutes' walk to Tanjong Pagar MRT Station. Naming rights
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  • COMMODITIES
    • 408 8 Washington urged to curb 'unfair practices' AP A DISPUTE between the American Soybean Association (ASA) and palm and coconut oil producers in South-east Asia could harm US relations with the Asian region. Malaysian Primary Industries Minister Datuk Dr Lim Keng Yaik warned
      AP  -  408 words
    • 208 8 Reuter RICE is getting more expensive and will stay that way into next year, according to US Department of Agriculture and trade officials. A plant disease has cut output prospects in Arkansas, cutting into US supplies, a rice analyst with a major cooperative
      Reuter  -  208 words
    • 454 8 AFP THE WORLD cocoa market was left to face the fourth consecutive season of global supply surplus from Oct 1 without the support of International Cocoa Organisation (ICCO) buffer stock intervention when ICCO talks ended in impasse in London last Saturday morning.
      AFP  -  454 words
    • 152 8 AFP BRAZILIAN cocoa producers will be unable to meet their full commitments to exporters and domestic suppliers due to drought affecting the state of Bahia, the main cocoa-growing region, experts said last week. They said the shortfall will be around 500,000 bags (weighing 60 kg).
      AFP  -  152 words
    • 587 8 Reuter OPEC's grip on oil markets will be put to the test in the next few weeks when it tries to end quota violations forcing down the world crude price the group wants to dictate, oil analysts said. Opec conference president Rilwanu Lukman and
      Reuter  -  587 words
    • 74 8 BOTH the crude and the products markets had a definite bearish trend yesterday. Overproduction by Opec still seemed to be taking the market down. US$/borr«4 OM»0* Dubai (Oct) 16 95 -0.17 W#n Taxes WTI (Oct) 19.3 J -0.36 Products (FOB S'pore) USS/barr^ Otongm Kcomm 23.45 -0.20 GoknI
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    • 280 8 Crude palm oil futures closed higher yesterday in very active trading on the KLCE in line with emerging overseas bullish sentiments. Turnover rose to 826 lots from 817 previously. September rose Msll to M 5756 while October was MsB better at M 5757 a tonne. Open interest at
      280 words
    • 250 8 HONGKONG: The metal closed marginally softer yesterday in fairly quiet trading on light selling towards the close. Bullion ended at U*****.10/60 an ounce against last Saturday's U*****.80/458.30 close here and the U*****.80/ 457 30 finish in New York last Friday. On the local market, gold lost HK$5 to
      250 words
    • 162 8 AP CHINA'S largest oilfield of Daqing is threatened by floodwaters that have exceeded danger levels in nearby reservoirs, an official newspaper in Beijing said on Saturday. The China Daily said soldiers and machines are being rushed to the area in north-east Heilongjiang Province to protect the
      AP  -  162 words
    • 117 8 THE PRICE of tin gained another cent on tho Kuala Lumpur Tin Market yesterday from laat Friday's laval to M 516.90 par kg at the cloaa on light covering and a lack of sellers. Sallara wara not kaan at laat Friday'a laval after strong sales laat week, but
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    • 154 8 FAMA Ootlng prices on Sop 14 Coconut oil (M$/100kg) Now drunw 131.00 2nd hond drum» 124.00 Bulk 117.00 Local In bulk 114.00 Copra (M$/100kg) No 1 (ottato) 68.00 No 2 (smoMholders) 63.00 Palm kernel (ex-mills M$/tormo) Buyer/Seller 485.00/490.00 Palm kernel oil (FOB M$/100kg) In bulk (local) 94.00 Cocoa
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    • 250 8 Reuter THE REFUSAL of politically powerful farmers to give-up lucrative government aid programmes dooms President Reagan's plan to dismantle global farm subsidies affecting trade by the 21st Century, a new study concludes. In a study by the Washing-ton-based Institute for International Economics, former US
      Reuter  -  250 words
    • 323 8 SINGAPORE The market closed firmer yesterday with October One RSS buyers quoted at 220.75 cents a kg. up 2.25 cents from last Friday's close. The morning market gained 2.25 cents on last Friday's after-hours firmer trend here, higher Japanese advices and some short-covering of nearby positions. Trading in the
      323 words
    • 268 8 RAS prices m S c*nt*/kg, FOB In bal« NOON CLOSE Buyers S*ll*rs Buyers Sellers Int 1 RSS Prompt 224.00 225.00N 224.00 225.00N bit 1 RSS Oct 87 220.75 221.25 220.75 221.25 Int 1 RSS Nov 220.75 221.25 220.75 221.25 lot 2 RSS OP 219 JO 221.50N 219.50
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    • 76 8 (c«nf»/kg, 1 -ton OCTOBER 87 NOVEMBER 87 (current month) (forword month) RAS NOON NOON Ivytn S*ll«r? Sdlin SSS 30 206.00 208.00N 206.00 208.00N SS* 30 204.50 206.50N 204.50 206.50N MRELB kytrt Sellers ftur*r> SMR CV 265.00 267.00N 266.00 268.00N SMR L 265.00 267.00N 266.00 268.00N SMR 5
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  • Page 8 Advertisements
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  • FOCUS
    • 779 9 As the 159 members of the United Nations gather for the 42nd General Assembly today, top on the list of items to be discussed is the Iranian-Iraqi war. The world will be watching for the outcome of Secretary-General Javier Perez de Cuellar's peace mission to
      AP  -  779 words
    • 638 9 Reuter TURKEY has emerged as a potential major player in moves to end the Iranian-Iraqi war because of its diplomatic and trade ties with both sides, diplomats say. These ties, links with other regional states and membership of both the Nato western alliance and
      Reuter  -  638 words
  • Page 9 Advertisements
    • 566 9 SUCCESS The ACER team is working hard in more than 50 countries round-the-world, round-the-clock. We'd like to do the same for you. At Acer International, our jt will run tomorrow's j commitment to research and advanced development has enabled us 32-bit •-afeffaLSfe ACER 500* ACER 710 ACER 910 to build
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  • PERSPECTIVE
    • 618 10 A REFERENDUM is probably the most sublime of rituals. Distinct from the normal electoral business of democracy, a referendum is an occasion during which people vote on a central issue with a clear yes or no. And, because of this sense of the absolute will of
      618 words
    • 1576 10  -  LAN RODGER reports on what it is like to be unemployed in a country which many people describe as 'full of workaholics' and in which people generally have no patience with the unemployed. An unwritten clause in the country's social contract says that
      FT; Source: Japan's Bureau of Statistics  -  1,576 words
    • 676 11 Reuter HUNGARY'S new Prime Minister Karoly Grosz will be watched anxiously by both East and West this week when he presents new tax proposals and other tough measures to tackle an array of economic problems. The package, with plans
      Reuter  -  676 words
    • 855 11  -  The Pacific Century is upon us and Japan features prominently in it. But the European Community fears the close historical relationship between Tokyo and Washington may block Europe out of the political and economic benefits the century will bring. ERIC HALL reports. ERIC
      Reuter  -  855 words
    • 484 11 Reuter JAPANESE Prime Minister Yasuhiro Nakasone, due to step down in less than two months, probably holds the trump card in the choice of successor, but he has yet to reveal which of the three candidates he will support. The factional
      Reuter  -  484 words
    • 448 11 Reuter EAST GERMAN LEADER Erich Honecker, back from a landmark trip to West Germany, now faces a delicate juggling act to adapt to greater Western influences and to reassure Easternbloc allies, according to diplomats. Seen from East Berlin, Mr Honecker's five-day visit to Bonn and
      Reuter  -  448 words
  • Page 10 Advertisements
    • 88 10 SHANGRI-LA INTERNATIONAL SHANGRI-LA EXECUTIVE ACCOMMODATION PLAN BANGKOK BEIJING KUALA LUMPUR Single or twin accommodation at the same special rate Daily breakfast Late check-out 4pm No pre-payment required Optional limousine transfer available Shangri-La Hotel, Bangkok SSISI Shangri-La Hotel, Beijing Ss2so Shangri-La Hotel, Kuala Lumpur Ssl2s Rates in Singapore dollars arc approximate
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    • 39 10 JOURNAL OF Which industry rode high with the recession? Which property high-fliers hove landed in trouble? Whafs the favourite hobby of Cerebos's chief executive officer? Which rules will commodity trader Stanley Kroll try never to break? NOW AT NEWSSTANDS
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  • Page 10 Miscellaneous
    • 687 10 CRYPTIC PUZZLE ACROSS 3 Maybe a model middle (5) 8 That receptive fellow (5) 10 Like a sea of whiskey? (5) 11 Sickly-looking article in two ways (3) 12 Her main confusion is about love (5) 13 Name a city to raze to the ground (7) 15 Only two letters,
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  • Page 11 Advertisements
    • 371 11 PILECON PILECON ENGINEERING BERHAD (Incorporated in Malaysia) UNAUDITED RESULTS For the six months ended 30th June 1987 The Boord of Directors of Pilecon Engineering Berhod is pleased to announce the unaudited results of the Company ond of the Group for the six months ended 30th June 1987 GROUP COMPANY Half-
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  • Page 11 Miscellaneous
    • 1216 11 to arc® oasoa PM SRC Text Sample Pages. Opening and Programme Highlights followed by High and Dry. Inter-Varsity Debates 1987 Ngee Ann Polytedmk Team v NTI (Ist Quarter Final, C). No Place Like Home (Last episode). Arthur is delighted when his brood finally deddes to leave home for good. Cosmopolitan
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  • SPORTS & LEISURE
    • 292 12 UPI EDDIE LAWSON of the US gunned his 500 cc Yamaha to victory in the Portuguese Motorcycle Grand Prix at the Jarama race circuit near Madrid, Spain, on Sunday. Under hot, sunny skies and before 55,000 spectators, Lawson took the lead in the ninth lap,
      UPI  -  292 words
    • 132 12 AP SOUTH AND NORTH KOREA have agreed on a date for the South to receive an "urgent" message from the North about the 1988 Olympic Games. However, officials of the South s Korean Olympic Committee refused to say when the message would be handed over
      AP  -  132 words
    • 274 12 AFP FORMER world champion Bjorn Waldegard powered his Toyota Supra into an early lead on Sunday on the first day of the 3,800km Hongkong-Beijing auto rally. Per Eklund placed second in a Nissan, while another two former world champions, Stig Blomqvist and Ari Vatanen, held
      AFP  -  274 words
    • 169 13 AFP ENGLAND'S Steve Davis, who regained his world snooker crown in May, has been voted player of the year by his fellow professionals. Davis, 30 last month, topped the roll of honour at the World Professional Billiards and Snooker Association annual awards dinner
      AFP  -  169 words
    • 423 13 AP RAIN REPLACED REIGN as the headline story at the US Open on Sunday. Steady showers delayed Czechoslovakia's Ivan Lendl's bid tor a third straight Open title at the National Tennis Centre and his singles final against Mats Wilander was rescheduled for 1800 GMT yesterday.
      AP  -  423 words
    • 264 13 AP BEN JOHNSON accomplished all he set out to achieve in 1987 a world championship, a world record and supremacy over American Carl Lewis in the 100 metres. So what next for the quiet Canadian? After forcing his tired body to yet another victory at
      AP  -  264 words
    • 828 13  -  From SHIRISH NADKARNI JUST UNDER a month is left before the onset of Indo-Pak cricket's most ambitious venture yet the Reliance World Cup. And already, serious misgivings about the possible success of the event are being voiced. Oddly enough, it is not so
      828 words
    • 316 13 AP GARY PLAYER of South Africa sank a 3-metre birdie putt on the first hole of sudden death on Sunday to defeat Bob Charles of New Zealand and win the US$2OO,OOO World Seniors Invitational Golf Tournament in North Carolina. Player and Charles each finished
      AP  -  316 words
    • 213 13 UPI SAM RANDOLPH won his first PGA tournament last Sunday when rain washed out the final round of the US$5OO,OOO Bank of Boston Classic. The 23-year-old rookie from California was declared the winner by virtue of his fourstroke lead at 14-under-par after Saturday's third
      UPI  -  213 words
  • Page 12 Advertisements
    • 274 12 PS3W RTW V m >II I Wwsm iaßs IMwiJil' ynr*^^--I > -r» >v?. o o New Orleans Is Open For Lunch We're open tor lunch due to frequent demand from our guest Now you can enjo\ a choice ol our excellent 3-course New Orleans Executive 1 uncheon or Deluxe Buffet,
      274 words
    • 164 12 Every second's on-the-house! The Fountain Lounge is flowing with the good times Between 5 and 8 pm daily, for every arink you order you get your next FREE And bottle purchasers pay just half the price. There's no happier time to enjoy your favourite drinks and some of the best
      164 words
    • 179 12 DELICIOZO HYAn Mama Mia! Pete's Place introduces more exciting gastronomic treats tor all lovers ot Italian food. SOUP AND SALAD Light eaters can now select from a variety of four homemade soups and help themselves to our ever popular salad bar. $10.50* EARLY BIRD SPECIAL A complimentary bowl of salad
      179 words
    • 171 12 Win 200 valuable 16th prizes In our anniversary draw SIWCA^Q Beach Road Sing*m 0719. LOCAL FOO m At the Voft9 r>ju 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
      171 words
    • 204 12 NUlajiw Germany at The Belvedere An incredible buffet luncheon of some 60 traditional German favourites it's as good as being in Germany! Daily from September 5 to 27,12.00 to 2.30 pm. Adult: $31/ Child: $15. Prices subject to 10% service charge and 3% govt, tax. The management reserves the right
      204 words

  • Page 13 Advertisements
    • 389 13 Pi" 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 &.30 pm to 11 pm Ample free parking A© Centurv Park Sheraton Singapore 16 Naswn HM.
      389 words
  • Page 13 Miscellaneous
    • 47 13 Play golf the Sewy way m r \i 'j. 1§S«5 A TO ///TSOETE* SHOTS. P/CJC UPOME EX7&A CLU& YOU A/OGMALLY H/T/&Oyv& W/TH THE 7-/*OA/ YOU MUST f>/CK L/P THE 6 V /ytt»V OWE EX77ZA CLUB W/CL MAKE YOU ///T E4S/E*, MOPE SLOtVLY, VY/TU SETTER TEMPO. S/2L 7f
      47 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4220 14 TURNOVER SHRANK as share prices continued to slide on the Singapore stock market on profit-tak-ing and lack of fol-low-through buying. Brokers blamed the sluggish trading on the absence of fresh factors and on investors retraining from taking new positions as they assess the
      4,220 words
    • 256 14 Rises Jwong tng 50« 428 1 ShongrUa 665 out 570 M Credk 372 I C 71# 505 f N 1390 ICS 1150 O C C 1030 E»e S0« 460 Falls NOl 313 SM 665 O U SaortWot 1(3 Mytpto Spar* S3 M*»o HMg> 1280 UOI 775 C
      256 words
    • 3226 14 810 and offer prices officially listed and business in and reported to the Stock Exchange <rf Singapore yesterday with the number of shares traded shown In brackets In lots of 1.000 units uolees otherwise specified All Tkne Settlement Contracts are Quoftsd after the word "SETT"
      3,226 words
    • 312 14 MALAYSIAN ASSURANCE ALLIANCE Berhad: 18th AGM at Ming Crystal Ballroom Section III, 1st Floor, Ming Court Hotel, Jalan Ampang, ***** Kuala Lumpur, today, Sep 15. at 10am. AMALGAMATED PROPERTIES ft INDUSTRIES Barhad: 17th AGM at 4th Floor Denmark House, 86 Jalan Ampang, ***** Kuala Lumpur on Friday, Sep
      312 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • 635 15 mm™ By HOCK LOCK SIEW IF THE TIE-UP between United Industrial Corporation and United Overseas Land to buy over Goldhill Square was news, the break-up was even "newsier". A deal the size of Goldhill Square is not one to hit Singapore everyday or, for that matter,
      By HOCK LOCK SIEW  -  635 words
    • 224 15 THE TRIAL of former stockbroker Lin Tah Hwa, scheduled to start yesterday, was adjourned again as the defence counsel made "certain representations" for the prosecution to consider. The prosecution, represented by Miss Eleanor Wong of the Commercial Affairs Department (CAD) had requested an adjournment
      224 words
    • 425 15 Reuter STANDARD CHARTERED PLC has said it is unaware of any attempt by Australian financier Robert Holmes a Court to increase his shareholding in the bank above the current 14.9 per cent. A report in a British newspaper last weekend said that the
      Reuter  -  425 words
    • 552 15  -  Bulk of money comes from bank borrowings By AMY BALAN UNITED OVERSEAS Land Ltd through its wholly-owned subsidiary Faber House Re Ltd is to complete the purchase of Goldhill Square today with the payment of $216.5 million cash. The company also
      552 words
    • 325 15 Bernama ES THE KUALA LUMPUR Stock Exchange (KLSE) is working out a new share settlement and delivery system aimed at easing the financial burden of stockbrokers. KLSE general manager Mohamad Salleh Majid said the new system would be modelled on the new
      Bernama ES  -  325 words
    • 530 15 Bernama ES BANK NEGARA governor Tan Sri Jaffar Hussein has dismissed suggestions for the setting up of a securities and exchange commission in Malaysia. "A centralised regulatory body is not or in itself necessarily more efficient than separate bodies looking at difficult sides of
      Bernama ES  -  530 words
    • 494 15 Bernama ES JACK CHIA-MPH Ltd. which is celebrating its 60th anniversary this year, is optimistic that the group will perform profitably in the current year following the disposal of the South Yarra project, chairman Jack Chiarapurk said in his annual report. JC-MPH is well-diversified
      Bernama ES  -  494 words
    • 304 15 Forged MWE scrip found THE KLSE has been informed that some of MWE Holdings Bhd's share certificates submitted for inspection to Systems Securities Sdn Bhd have been found to be forgeries. For identification, the reverse side of these certificates have been rubber stamped. Faber Merlin subsidiary plans housing
      304 words
    • 259 15 Monog«iV prices DBS Bank ft>r S«P '5 Shen.on Gr Fund III ,,6' Singapore Unit Trust wpor. Gr Fund 149 15J The Cooowc* 25 1 32 Sh# Fu d '0' '0>. The Savings Fund III 1 18 J spore frog Fund osi 055 UOB Management Spor. Sec Fund 084
      259 words
    • 92 15 Reuter THE CHEUNG KONG (Holdings) Ltd group is planning four rights issues to raise a total of HKJ10.32 billion Cheung Kong will raise HKJ2.OB billion through a one-for-10 rights issue at HKSIO 40 per share Affiliate Hutchison Whampoa Ltd will raise HK53.74 billion by a
      Reuter  -  92 words
  • Page 15 Advertisements
    • 200 15 BULLS Or bears. Whichever way the stock market is heading, you can look to us for financial assistance to help build a sound investment portfolio. Our Share Financing Scheme provides up to 70% financing. And at rates as low as 7.5% p.a. Find out more. Call 532-3332 today. Standard tt
      200 words
    • 7 15 Stanchart unit a takeover target, Page 17
      7 words
    • 41 15 IIH They're only $2.70 Faber Houses Orchard Rd 800sq ft of Office space Already partitioned, excellent condition Immediate occupancy from October Great showroom/consultancy venue Access to carpark outside CBD Still at the recession price $2.705q ft Contact Janet Sim, 732 2066
      41 words

  • REGIONAL MARKETS
    • 568 16 Hongkong DBS Securities Reuter STOCKS CLOSED slightly lower on the Hongkong .market yesterday, aided by late buying support, after a volatile session due to the Suspension of the Cheung ■Kong group. The market opened softer on news that the group would be raising approximately HK$lO billion
      DBS Securities; Reuter  -  568 words
    • 2927 16 LACK OF buying interest saw share prices drift to an easier close at the Kuaia Lumpur stock market yesterday. Losses were however, mostly marginal. Hopes that the rebound last Friday would be extended were dashed. Brokers were at a loss for the behaviour of
      2,927 words
    • 135 16 MP 14 WON Kai ***** 160 Cheil Sugar Daetim Ind Daewoo Corp Daewoo Heavy Daishin Securities Dong Ah Phar Dong Suh Slock rVirvihi i Cimi ***** -650 Kangwon Ind Kia Motor Kolon Ind ***** ***** ***** 10 -80 -500 ***** ***** 2450 200 Korea Long Term Lucky Ltd *****
      135 words
    • 514 16 Reuter SHARE PRICES on the Tokyo market closed higher yeeterday, but off their peak for the day as the market loet energy following early gains. The early rises were spurred by the dollar's strength against the yen and gains on Wall Street despite the record U5516.47 billion trade deficit
      Reuter  -  514 words
    • 483 16 Reuter THE AUSTRALIAN shsre msrket closed bsrely stesdy in thin trsding yesterday as patchy support for industrisl stocks offset flsgging intsrest in the mining sector. Brokers said a US$5.5O drop in bullion to U*****.80/U*****.30 an ounce in New York caused stesdy selling pressure amongst metal stocks. But scattered demand
      Reuter  -  483 words
    • 169 16 Reuter THE SECURITIES Exchange of Thsiland Index rose 5.21 points to 387.22 on a turnover of 5,849,919 shares worth 827.16 million baht. Reuter KP 14 BAMT Ao Kham Thai 234 14 Ayudhya Invaatmant 400 2 Bangkok Aground Bangkok Bank 3B1 Bank CM Ayudhya 37® -6 Charoong Thai Wira A
      Reuter  -  169 words
    • 275 16 MP 14 NT +144 60 4 1 All Sincere Indus 428 0 03 Kuochan Dav Laa Chang Yuan 50 00 43 00 3 2 9 Asia Cement Cathay Con* 56 50 98 00 4 5 5 Lian Hwa Indus Nan Ya Ptas 43 10 67 X 3 9 Chang
      275 words
    • 83 16 UP 14 peso* *1MirtlMl Oriental B 0 10 -0 005 Phil Overaea* ***** •0 02 Acof* Mining Pf>ilex B 0 54 Apex Mining B 0 0650 -0 0025 Pic op B PLOT 240 Baguio Gold San Miguel B 200 uncft Ba»"C Petroleum 0 022 ♦0001 SeaVont 003 -0 004
      83 words
  • Page 16 Advertisements
    • 465 16 NOTICES In the Matter of The Companies Act, Cap. SO And JALIYA TRADING CO (PTE) LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Colombo Court #04-15 Singapore 0617, on Monday, the 14th day of September 1987 at 10
      465 words
    • 499 16 THE COMPANIES ACT, CAP. 50 LIAN HUP GRANITE QUARRY PTE LTD (In Liquidation) At a general meeting of LIAN HUP GRANITE QUARRY PTE LTD duly convened and held on the 10th day of September, 1987 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily
      499 words
    • 456 16 IN THE MATTER OF THE COMPANIES ACT, CAP. SO SOUTHERN GLOW SHIPPING PTE LTD (IN VOLUNTARY LIQUIDATION) At an extraordinary general meeting of the company held at 156 Cecil Street #07-02 Far Eastern Bank Building, Singapore 0106 on 10th September 1987 the following Special Resolutions were duly passed 1. That
      456 words
    • 514 16 In the matter of THE COMPANIES ACT, CAP. 50 and In the matter of CHOO PUCK HOE PRIVATE LIMITED NOTICE OF SPECIAL RESOLUTIONS At an Extraordinary General Meeting of the Members of the Company duly convened and held at 16 Raffles Quay #18-04, Hong Leong Building, Singapore 0104 on 12
      514 words
    • 492 16 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF SOON CHOW KNITTING PRIVATE LIMITED (Incorporated in the Republic of Singapore) (IN LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extra-Ordinary General Meeting of the Members of SOON CHOW KNITTING PRIVATE LIMITED duly convened and held at M/s.
      492 words
    • 376 16 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We Kasman Marine Pte. Ltd., of 150 South Bridge Road, #06-07, Fook Hal Building, Singapore 0105, hereby give notice that in consequence of the intended purchase of M.T. "KOITO MARU". We have applied to the Registrar of Singapore Ships, under Section 386
      376 words

  • INTERNATIONAL COMPANY NEWS
    • 557 17 FT THE TOKYO Stock Exchange (TSE) is to introduce a new formula to distribute commission income between securities houses' overseas and domestic offices by removing the existing disparity between Japanese and foreign banks. Under the current system, if a US securities company takes
      FT  -  557 words
    • 867 17 Competition is getting tougher FT US FUTURES EXCHANGES are preparing for the next round of the battle for market share in stock index futures. The New York Futures Exchange's launch last week of futures based on the Frank Russell Company's group of
      FT  -  867 words
    • 203 17 Reuter ROBERT MAXWELL, chairman of British Printing and Communication Corp PLC, has entered the battle for control of UK financial services group Guinness Peat Group PLC, according to a press report. London's Sunday Times said Maxwell last week approached Equiticorp Holdings Ltd. the New
      Reuter  -  203 words
    • 489 17 Reuter STANDARD CHARTERED PLC's Los Angeles-based Union Bank unit said it is a potential acquisition target, and analysts said Wells Fargo and Co and Dai-lchi Kangyo Bank appear to be interested buyers. "Being the subject of a potential acquisition, we are
      Reuter  -  489 words
    • 123 17 HONGKONG All Industrials Hongkong Index Monday 2398 63 Friday 2406 09 Monday ***** Friday ***** Week ogo 3257 3 Wee* ago 2391 40 NEW YORK Hang Seng Index Monday 3649 84 Friday 3660 50* Week ogo 3646 33 Dow Jones Friday 2608 73 Thursday *****5 Wee* ogo 2561
      123 words
    • 88 17 Reuter STANDARD CHARTERED PLC said it was unable to confirm whether its Los An-geles-based Union Bank unit was a potential acquisition target. A Standard Chartered spokesman said he had been informed of market speculation in the US on Friday that the Union Bank unit may be
      Reuter  -  88 words
  • Page 17 Advertisements
    • 343 17 II umuj coßPoranon bgrhso (Incorporated in Malaysia) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the above-named Company will be held at the UMW Auditorium, UMW Corporation Berhad Head Office, Jalan Utas (15/7), Batu Tiga Industrial Estate, ***** Shah Alam, Selangor Darul Ehsan
      343 words
    • 537 17 NOTICE OF COURT MEETING IN THE HIGH COURT OF MALAYA AT KUALA LUMPUR (COMMERCIAL DIVISION) CODE NO. D 3 31 221 of 1987 In the Matter of UMW CORPORATION BERHAD And In the Matter of UMW HOLDINGS BERHAD And In the Matter of the Companies Act, 1965 SCHEME OF ARRANGEMENT
      537 words

  • 487 18 Reuter JAPAN'S Finance Minister yesterday forecast rapid economic growth and predicted that his country would have little trouble meeting its international commitment to increase domestic demand. "We are delivering what we are supposed to deliver," Mr Kiichi Miyazawa said in an interview in
    Reuter  -  487 words
  • 207 18 Reuter INDONESIA'S biggest Islamic organisation has urged the country's Muslims to close ranks after the defeat of the main Muslimbacked party in elections earlier this year. Leaders of the mainstream Nahdlatul Ulama (NU), or Muslim Scholars' Organisation, made the appeal on Sunday at a
    Reuter  -  207 words
  • 485 18 Bernama ES MALAYSIAN Trade and Industry Minister Datin Paduka Rafidah Aziz yesterday assured minority shareholders that their interests would be taken into account now that the Code on Takeovers and Mergers was in force. She said that the code placed enough emphasis
    Bernama ES  -  485 words
  • 253 18 UPI WASHINGTON should liberalise sales of advanced technology to China, while Beijing should diversify its exports to the US and do more to improve its investment climate, US Ambassador Winston Lord said yesterday. Speaking to more than 1,000 students at the University
    UPI  -  253 words
  • 395 18 AFP NEW CALEDONIA'S vote against independence from France has not resolved Paris's problems with the South Pacific territory, and may well aggravate them, Pacific countries said yesterday. Officials in Australia and New Zealand also expressed concern at the low turnout in Sunday's referendum, which
    AFP  -  395 words
  • 239 18 AFP SOUTH KOREA'S two main Opposition leaders. Kim Dae-Jung and Kim YoungSam. met for an hour yesterday but failed to agree on which of them should run in presidential elections in December. The two Kims stood smiling for reporters after their closed-door meeting in
    AFP  -  239 words
  • 348 18  -  By ALVIN TAY, Banking Correspondent AL&P INVESTMENT Pte Ltd, a joint venture between Wattie Industries Ltd and Fraser Neave Ltd, yesterday signed a $273 million standby facility to finance its general offer for Cold Storage Holdings PLC. The package is arranged
    348 words
  • 68 18 COMEX gold futures fell on selling against a firm dollar and the continued weakness in crude oil prices yesterday. In thin morning business. December gold lost US$3.BO at U*****.50 an ounce, which violated Friday's low of U*****.20. Analysts said gold was pressured by commission house selling carried over
    68 words
  • 83 18 AP WALL STREET pushed ahead yesterday morning, following through on last week's rally. The Dow Jones Average of 30 industrials rose 2.71 points to 2,611.45 in the first hour of trading. Gainers outnumbered losers by nearly 2 to 1 in the count of New York Stock Exchange-listed
    AP  -  83 words
  • LATE FILE
    • 45 18 Reuter US ARMS negotiators ottered new concessions to the Soviet Union at talks in Geneva yesterday on scrapping all Inter-mediate-Range Nuclear Missile Forces. The concessions were aimed at overcoming obstacles blocking a treaty to eliminate all Super Power INF missiles.
      Reuter  -  45 words
    • 37 18 Reuter THE PHILIPPINES will drop its claim to Sabah after Malaysia complies with an agreement for joint patrols between the two countries, Philippine Deputy Foreign Secretary Jose Ingles said yesterday. Reuter
      Reuter  -  37 words
    • 34 18 Bernama MALAYSIAN Chinese Association president Datuk Or Ling Liong Sik said yesterday that his party would not accept phantom members and every effort would be made to identify and remove them.
      Bernama  -  34 words
    • 65 18 Reuter SRI LANKA's powerful Tamil Tigers separatist group massacred at least 66 people in a weekend onslaught against rival militants in the eastern district of Batticaloa. The Liberation Tigers of Tamil Eelam, who oppose Sri Lanka's July 29 peace accord, ambushed vehicles of rival Tamil groups
      Reuter  -  65 words
    • 67 18 Reuter WORLD trade will grow by 4.1 per cent next year after a 3.6 per cent increase in 1987, according to the Economist Intelligence Unit. US exports are seen growing 7.5 per cent both this year and next, helped by the falling dollar, while
      Reuter  -  67 words
  • Page 18 Advertisements

  • SHIPPING TIMES
    • 115 19 THE Communications Ministry and the Port Authority of Thailand have rejected a request by Hyundai Engineering Construction for a review of its proposal for the construction of Laem Chabang deep-sea port. Hyundai submitted the lowest bid for the port project but it was
      115 words
    • 388 19  -  By LINDA CHEE NEPTUNE Orient Lines has introduced a second shuttle service to the Philippines to facilitate shipments to the United States. Its new weekly shuttle, using Kaohsiung as a transhipment point for cargoes moving out of the two Philippine ports of Manila
      388 words
    • 249 19 AFP SOME 5,000 workers went into the 13th day of a sit-in at the giant Hyundai shipyard in Ulsan yesterday, demanding that management reopen the plant and increase salaries, press reports from the south-eastern city said. Hyundai officials said the dispute was expected
      AFP  -  249 words
    • 308 19 Lloyd's Maritime Asia THE ASIAN Development Bank has approved a technical assistance grant to Bangladesh for a study to determine the feasibility of a phased development of the Mongla-Khulna Port Complex. Mongla. which lies 80 kms upstream from the mouth of the
      Lloyd's Maritime Asia  -  308 words
    • PORTSIDES
      • 96 19 A CONVOY of US warships and Kuwaiti tankers flying the American flag approached the exit of the Gulf yesterday at the end of its journey from Kuwait, regional shipping sources said. They said helicopters from the assault ship Guadalcanal searched for mines ahead of the six-ship
        96 words
    • 385 20 NYT A FEDERAL Appeals Court in New York has ruled thai the operators of an oil tanker can sue Argentina for attacking the ship in violation of international law during the Falkland War in 1982 Under the 2-to-1 decision last week,
      NYT  -  385 words
    • 204 20 UK businessman acquires A P Appledore Fairplay THE FLAMBOYANT British businessman, Peter de Savary, is acquiring consultants and shipyard managers, A P Appledore, in an agreed deal which will give him control of Falmouth harbour. The acquisition will be carried out through de Savary's Highland Participants energy company and the
      Fairplay  -  204 words
    • 127 20 ITALIAN manufacturer Officine Mecaniche Fantuzzi has launched a new range of container handling lift-trucks which can stack six high. The new range comprising three basic models with nominal capacities of 16, 32 and 42 tonnes respectively. The FDC42O can lift 20-foot or 40-foot
      127 words
    • 463 20 NYT AS THE ATTACKS on oil tankers in the Persian Gulf have resumed, biologists say a major oil spill there resulting from the rupturing of a large tanker could cause immense damage to wildlife and to the economy of the region. In
      NYT  -  463 words
    • 732 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpt X 4/5 Anship Int'l V 4 Anro Service IV 2/3 ANl 1 1/2 A PC line V 4 API III 2/3 Arrow lines X 3 ASCI
      732 words
    • 1239 20 FRESH grain chartering was slow to develop out of the US in a generally quiet freight market on Friday, shipbrokers said. However, a grain cargo was covered from the Gulf to Yugoslavia at US$l6 while $16.80 was reported paid for barley from Churchill to Limassol. The Australian Wheat
      1,239 words
    • 392 21 Lloyd s List SOUTH KOREAN shipyard owners have been assuring customers that deliveries will remain on schedule but there are fears that the current wave of unrest could lead to higher prices in the long-term. Anxious European shipowners with orders
      Lloyd s List  -  392 words
    • 128 21 THE PORT of Seattle has doubled its fruit-chilling facilities and now boasts the largest on-dock fruit distribution centre on the North American west coast. Its new US$3.5 million chill building at the terminal 91 complex has increased storage capacity by 180.000 cartons. Port commission president
      128 words
    • 283 21 AFP RISING hostility in the Gulf States area led to a drop in chartering activity in the region and a corresponding build-up in tonnage seeking employment during the past week on the tanker market. London tanker brokers EA Gibson also noted that lower demand for tonnage is also
      AFP  -  283 words
    • 10255 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 Singapore.
      10,255 words
    • 1029 27 AT CONVENTIONAL WHARVES M2A ISO9OBOO ISO» ISK S*""oso M4A 1509/1200 16 09/2300 VmmI n-rtt, A,Ww«l loo Sotu M48 *****700 1509 1400 v****' B#rm Arrival Departure Syohpmro mic isov/oaoo 1509 isoo KEPPEL WHARVES Wohon MM *****300 *****300 a KUMM M2A 15 09/1830 1709/2300 A/row Duke K18 oiongs.de 15
      1,029 words
  • Page 19 Advertisements
    • 850 19 I r\ r* A\ Hou S.K. Asia upset the logical West hilarious tragic dangerous Available at all Good Bookshops 'A ««i A STP Distributors 2 Jmong Road S*ngapoi« 226< f of Jr< r "*J ,^a«4> ftftDINE SNIPPING AGENCIES (Km. NO. MOM/ OOK) 200 Cantonnwit Road #12-05 South point, Singapore 0201
      850 words
    • 78 19 Ship deliveries will be on schedule, say Korean yards, Paga 111 A FEDERAL Appeals Court in New York has ruled that the operators of an oil tanker can sue Argentina for attacking the ship in violation of international law during the Falkland war. Page II SOUTH KOREAN shipyard owners have
      78 words
    • 1114 19 *0 FESCO LINES r FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE TRANSIT TIME TO CHARLESTON REDUCED BY 5 DAYS Z9 DAYS FROM SINGAPORE 34 DAYS FROM PORT KELANG 33 DAYS FROM PENANG (wef Louis
      1,114 words

  • Page 20 Advertisements
    • 582 20 03 OUTBOUND TO NORTH CONTINENT i COMPAGNIE MARITIME D'AEFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA FELIXSTOWE ETA ROTTERDAM ETA WILLE DE JUPITER VILLE OE MERCURE BIRDIE Alio accepting cargo to all U.K. destinations. Scandinavian (Aartius. Copenhagen Gothenburg) and other European Inland points t West African Ports EXPRESS
      582 words
    • 17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.
      17 words
    • 463 20 EUROPE/FAR EAST CONVENTIONAL SERVICE VSL PT. of LOG CLARE Luebeck-Hamburg T M IjmoidenHamburg-Santander LA CHESNAIS Bremen-Hamburg-Antwerp- Immingham ANGELE N Hamburg TBI Aviles-Santander TRANSPOPT Further load/ discharging ports an route subject to sufficient inducement Singapore Office: MTM S pore. Tel *****00 Tlx: RS ***** MTMSEA Fax: *****45 TEL: 03-*****50 MALAYSIA SON.
      463 words

  • Page 21 Advertisements
    • 995 21 The Straits Steamship Group Mansfield Container Shipping Re Ltd P&OCLfr^ P&O Containers Limited CONTAffCRSHT SERVICE TO UK/CONTMENT: PEGASUS PROGRESS PEGASUS PROGRESS STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok In Port/It Sap 22-23 Sep BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL: *****80 Also Accepting Cargo For: HwWurf to CopOTtefMi.
      995 words
    • 869 21 "K" Line's new Far East/ Gulf-Atlanta route gives it blanket coverage off the lI.S. A. Seattle Japan 4 Korea if Chicago Dallas New York Atlanta bong Beach Hong Kong Taiwan +Singapore I Port Kelang Penang Houston V New> Orleans "K" Line's Pacific Southwest/Chicago- Penang New York Double Stack Train (DST)
      869 words

  • Page 22 Advertisements
    • 263 22 as CONTAINERSHIP SERVICE TO UK/CONTINENT Hapag-Uoyd COPENHAGEN. AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM CARIBBEAN S AMERICA CONV SEMI-CONTAINER SERVICE TO EUROPE S PORE H BURG ROAM A'WERP IMMINGHAM RS TIANJIN aft 16/10 20/10 25/10 CONV SEMI-CONTAINER SERVICE TO MED EUROPE SP PK PEN TRIES LEX BILBAO HBG B'HAVEN AMS THURINGIA
      263 words
    • 819 22 FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ Mfmber ol Ihf A(f Consortium S port LeHavre R dam Fitowa H'burg B'havan VERRA2ANO BRIDGE UW 19 9 HONGKONG CONTAINER 51* 21/9 TRANSWORLO BRIDGE 39W 2419 SEVEN SEAS BRIDCE 62* 1/10 ACE CONCORD 11* 5/10 KOREAN CHANCE 33W 8 10 7/10 9/10 12/10
      819 words
    • 395 22 U INDIA STEAMSHIP I EXPRESS FCL/LCL FORTNIGHTLY CONTAINER SERVICE TO MADRAS VIZAG HALDIA CALCUTTA CHITTAGONG MONGLA COLOMBO nim ».D9 03/10 <ww 01/10 a/10 oi/io 11/10 11/10 1410 n/10 24/10 a/10 25/10 »;10 31/10 03/11 mi I*ll 13/11 15/11 15/11 17/11 11/u 23/11 mu Agents SHARIKAT TRANS-ORIENT SON. BHD. SINGAPORE *****10,
      395 words
    • 1140 22 >j EVERGREEN Full ContJinef Service 1 Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SCP HKC KSC KLG PUS OSK TVO KSN EVER GLORY/EVER GREET 17/9 lift 23/9 2U9 iyi( EVER LINKING 23/9 27/9 29/9 100 »io EVER GLOBE 1/10 4/10 6/10 1/10 2fll EVER GENTLE 7/10 11/10 13/10 15/10 jfti EVER GENTRY IS/10
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  • Page 23 Advertisements
    • 652 23 a ttmuu, Aucauaj, >JcpicillUCl 10, 1 iJO w PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 1 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE VESSEL SEA HAWK RATANA BHUM SEA DRAGON SEA DRAGON SIN JKT 17/8 20/9 In Port 17/9 1M 21/9 Wl 28/9 VESSEL
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    • 274 23 NORBUL Ti NORBULK CARGO SERVICES LTD. r'* REGULAR CONVBITIONAL TIMBER AND PLYWOOD SERVICES TO UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL 22X366 MALAYSIA SP YEO SHIPPING I TRADING KL 7*3*44* PK *****01 PENANG TANJUNG MARINE SDN BHD TEL *****5 SABAH TRANSPAC K K »«*****8
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    • 823 23 BEN LINE CONTAINERS express container service to uk/continent OuU lif Kitano Haru Urn Bay Kongtoni Eiprt Cardigan lay Bona von To4afa Bay Tofcio Eiprni Kowlocn Bay Frankfurt [ipri Otaka Bay EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAM B HAVEN R DAM HAVRE ST ON Lar|» Bay Sa.M SaiM Sa.lad s«M Sa.M
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    • 604 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD UFKSt SEMI CONTAINERSHIP SERVICES SINGAPORE TO EOROPE VESSEL/VOY PALEMBANC/7WB GANDA CAMA 19WB MAT ARAM 19*6 S PANJANG.I7WB ANTWERP BILBAO BREMEN A OAM/R DAMH BURG 24/10 28/10 31/10 11/11 16/11 23/11 2/11 6/11
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    • 373 23 BOUSTEAD SHIPPING AGENCIES 1* BURMA FIVE STAR SHIPPIHC CORPORATION (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok HTONEYWA V227W ***** Sept PAGAN VUIW 22/24 Sept •SAGAING Loading for Europe 24,71 Sept S3- BANK UNE EXPRESS SEMI-CONTAINER SERVICE NORTHBOUND TO UKC SPORE ROAM HULL HMBG CLYDEBANK V2IN 24/9 15/10
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  • Page 24 Advertisements
    • 1105 24 "K"UriE SHIPPinG-DflTfl flTLflriTlC COAST (Round-The-World Service) •PK/PNG SPORE LB CHLS NFK BROOKLYN BRIDGE V 4 Sid i> ORIENTAL FORTUNE V 5 19 Sep 25 S JJ 2 J* 22 •VIA FEEDER »Sep 17 Oct 27 Oct Oct NYC HFX 24 Oct 28 Oct 31 Oct 4 Nov PACIFIC SDLJTH-UJEST FEEDER
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    • 242 24 fi,,' !l 11 < W M Accepting LCL and containerised cargo** Dlract to South Africa HAYAKANA MARU 3D4F S A VAAL 3932F S. A. VAAL 3S3IG NEDUOYD COLOMBO 3HOC JARDINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAD #12-05 SOUTHPOINT. SINGAPORE IE W: *****11 TELEX NO: RS ***** TERMINAL/CFS Tel.
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    • 689 24 7/e AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* P He4»n| I Liner Veud S port I Mctb From S)«)n Alto Accept: "CHANOIOAS" *i 7 19 Sect "RAYIDAS" 36 15 Oct 5 Oct 14 Oct 12 Oct AM Bris 30 Oct 9 Nov 7 Nov Adil'Bris INDIA EXPRESS CONTAINER SERVICE Accepting
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    • 654 24 GOLDEN LINE GIMN GUM SHPPING (PTE) LID 23. IM Ajr Street SMGATOV 0104 m. SX3MI (II LMS) Fai 9<39M STRAITS/PERSIAN GULF SERVICE: GOLDEN HARVEST Cotombo/Karadii/Dubai GOLDEN HAVEN Colombo Karachi /Muscat CHINA SERVICE A VESSEL HsmkanfShanjhai S pore P Kelanj Penang 26.77 Sept— m Oct 24/25 Sapt— CHINA OCEAN SHIPPING CO.,
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    • 518 24 rruu lucsua;, orpiemwi 13, lif a P EAST/FAR EAST ii 239. 2U9 no ioao PHILI OniCNT LINGS PTC LTD H€AO OFFICE 63 ROBINSON HOAD «OMZ AEKO ASIA BUILDING SINGAPORE 01C6 TELE* RS 287?0 PHI.I FAX *****76 KSTMATNM DUBAI OAMMAN KUWAIT. DONA. MUSCAT. BAHRAIN. ABU DHABI SHARJAH JEDOAH. HOOEDAH. AQAIA N
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  • Page 25 Advertisements
    • 723 25 via h Lumou NEPTUNE ORIENT LINES LTD S l NEPTUNE ACENCIES PTE LTD Fl EU/AUST TPA/SEA Terminal CFS BOOKINGS 27»753 *****42 *****22 *****53 *****19 27*1116 27*111 *****48 NEPLINE SON. BHD. *****87 NEPLINE SON BHD *****33 ti»Qumits imw NEPLINE SDN. BHD. *****5/*****0/*****1/*****2 NEPLINE SON BHD 23*040/*****1 TO EUROPE/UK (VIA SUEZ) VR
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    • 248 25 Hta TAYO SHIPPING LINES PTE LTD TEL *****25 (3 Line*) TLX RS ***** TAYOIN VESSEL PIYA I SINAR MEGA A VESSEL A VESSEL A VESSEL ETA ETD DESTINATION 20/9 30/9 KRABI COLOMBO* In Pt 16/9 PEKAN BARU/DUMAI/PERAWANG 15/9 22/9 CIGADING In Pt 15/9 BANGKOK 20/9 27/9 PORT MORESBY, LAE, TERNATE
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    • 579 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG, BUSAN, INCHON Vessel s Name S pore P Kelang Inchon Busjn Moji No I Donam 707N 22/09 25/09 05,10 10/10 Gloria 715N 26/09 78/09 09/10 11/10 12/10 M Enterprise(7l3K 26/09 28/09 U/10 12/10 No 7 Donam7o7N 03/10 07/10
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    • 742 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 f a «.«f ddress S,NSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** r. RtLANU PfMANf HANOLINC SYSTEM CO SON BHD Sssrs hai tmomc wippimc in c,— o
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    • 28 25 PAPUA NEW 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 Khoo
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  • Page 26 Advertisements
    • 365 26 SINGAPORE SHIPPING ~3«r CORPORATION (PTE.) LTD. TEL 225 6868 (30 Lines* FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTF R ACHT/SE EREEDE R EI ROSTOCK INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO Accepting cargo for INDIA Bombay. Cochin Madras **VIA LARNACA: Accepting cargo
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  • Page 26 Miscellaneous
    • 173 26 Regional Weather 2? Y. f A K M h < X'Xv.w ijM M Y& t x v' m •NS •1 9 OkX SS w 4 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: C O w Wind direction with speed in knots Wave height R Thunderstorm Temperature
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  • Page 27 Advertisements
    • 314 27 /M CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR *****53/*****11 04 *****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER B BUTANC 373 P.KELANG I MTHR VSL 1209 I NIHON SINGAPORE I LEHARVE 14 01 01
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    • 197 27 Scan Dutch V TO EUROPE (UK-NORTH CONTINENT-SCANDINAVIA) WEEKLY TO RED SEA-MEDITERRANEAN WEEKLY so uoitn SO Lodra/OSO SO Massilia/t3> SO Luzon/Ml SO Gallia/(B0 SO Honshu/SSI S PORE I JEDOAH aw 30/9 11/10 7/10 11/10 14/10 71/10 a/io 28.10 1/11 TO RED SEA-MEDITERRANEAN (CONT'D) FROM EUROPE 3) B HAVEN I 4) R
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  • Page 28 Advertisements
    • 483 28 '•>FARCO SHIPPING COMPANY (PTE) LTD regular express full container AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europe/Mediterranean Vsl TNT EXPRESS E. HUDIG BRUSSEL ANTWERP 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CPS (Import) X 37 Tel: *****78 CFS (Export) EAL Tel: *****49 J P.T.
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    • 509 28 cum SOCIETE MAURICIENNE DE NAVIGATION LTEE INDIA OCEAN, SOUTH/EAST AFRICA General Agents SEALION SHIPPING(S) PTE LTD TEL *****81 (5 lines) TELEX RS343M SELION FAX *****41 AfaicA OctAN LiN€S LtcJ. NIGERIA. WEST AFRICA SERVICE VESSEL ETA SPORE MV EFESSOS 25/9 Loading for APAPA/LAGOS, PORT HARCOURT, LOME, TEMA, CALABAR AND CONAKRY. Accepting
      509 words
    • 322 28 W PITS WEEKLY CONSOL SERVICE TO/FROM KEELUNG ACCEPTING LCL CARGO ONLY ETD S PORE ETA KEELUNG CON-CARRIERS 12/17 17/) 25/9 CON-CARRIERS 13/17 23/9 29/9 CON-CARRIERS 14/S7 S/10 13/10 WEEKLY CONSOL SERVICE TO MELB/SYDNEY ETD S PORE ETA SYO ETA MELB CON-CARRIERS 2V«7 11/9 1/10 12/10 CON-CARRIERS 22/17 2/10 22/10 26/10
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    • 588 28 POSEIDON CONTAINER fcX TRANSPORT REGULAR TSR SERVICE LCL/FCL KABUL/HAIRATON/TORG/IRAN/E.BLOC WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK HONG KONG HAMBURG BANGKOK ROTTERDAM Agent NIHON-ASIA SHIPPING (S) PTE LTD Tel: *****88 (8 lines) Tlx: ***** M AC-NELS Spore Tel: *****44 (22 Lines) P. Kelang Tel: (03) *****77 (4 Lines) Penang Tel:
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    • 41 28 NAN-SHIN SHIPPING AGENCY JAPAN HONGKONG S PORE MALAYSIA WEEKLY SERVICE TO:HONGKONG Eta S'pore 19.9.87 BANGKOK Eta S'pore 22.9.87 TOKYO Eta S'pore 22.9.87 PENANG Eta S'pore 3.10.87 BUSAN Eta S'pore 19.9.87 15, HOE CHIANG RD. #16-03 SANFORO BLDG., TEL: *****89 (5 Lines)
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