The Business Times, 13 October 1987
1987-10-13
1
28
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The Business Times
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Title Section11 1987-10-13 1 BUSINESS TIMES MCI (P) 112/12/86 TUESDAY, OCTOBER IS, 1987 75 CENTS11 words
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Article, Illustration242 1987-10-13 1 STOCK MARKET SHARE PRICES drifted lower throughout the day yesterday and at the cioee losers overwhelmed gainers by almost five to one. The Strait* Times Industrial Index loet 6.53 points to 1.445.77. The all-aector BT Composite Indsx slid 8.28 points to 1,298.82. Turnover shrank to 178 million242 words
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567 1987-10-13 1 AMY BALAN - Company expected to make a public offer of $64m By AMY BALAN BRITISH battery maker Chloride Qroup PLC ia to float a newly set up subsidiary, Chloride Eastern Industries Ltd. on the Stock Exchange of Singapore. Contacted in London yeeterday, Chloride567 words
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Article, Illustration580 1987-10-13 1 LEE HAN SHIH - By LEE HAN SHIH THE GROUP of provision shop owners who built up the Econ Minimart chain into a major retail force is gearing up for another challenge a public listing of their holding company, Provisions Suppliers Corporation (PSC), by early next580 words
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123 1987-10-13 1 AFP THE BRITISH budget might end the current financial year in surplus for the first time in nearly 20 years, forecast some analysts in London. They cited the unexpected fast growth of tax receipts brought about by the strong economic growth. Qreenwell MontaguAFP - 123 words
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393 1987-10-13 1 Reuter JAPAN said yesterday that it slashed its trade surplus with the rest of the world by US$l.5 billion in September but failed to cut its critical surplus with the US. Economists agree that Japan's worldwide tradeReuter - 393 words
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Article, Illustration609 1987-10-13 1 ELAINE KOH - The National Bank of Brunei trial By ELAINE KOH MOST OF the first day's hearing of the National Bank of Brunei trial was taken up by legal points on the issue of the court's jurisdiction, interrupted only by a complaint from a defence609 words
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Page 1 Advertisements
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Advertisement40 1987-10-13 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Sperfa'TW TM e Fin Thai J/BBi Fin cuisi is the talk you can Vtown. delicious e the san elegant our Restauram p#ailable !ur> for all *****H S€XKX»TMGfTK cwiec SUKX3O KSMUMIT Beach Road, Singapore 0719.40 words
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Advertisement327 1987-10-13 1 Investing in nature WHEN A COUNTRY has the kind of majestic natural scenery that Nepal (toes, it makes sense to capitalise on it. This means bringing the tourism infrastructure up to scratch more hotels and resorts, better airline links, spruced up temples and monuments. And this means making Nepal attractive327 words
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Advertisement192 1987-10-13 1 THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM NOW ITS NOT SO HARD AT THE TOP. J4 y//" In terms of healthy secrting, manogers are often treated worse than their staff. The principles of good ergonomics are general/ over-ruled in favour of more traditional criteria. A secretary's chair may be expected to function192 words
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HOME NEWS
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Article, Illustration532 1987-10-13 2 WILLIAM CHIA - By WILLIAM CHIA CUMMINS DIESEL Sales Corporation (Singapore) could not have imagined in the dark days of 1963 that things could turn around so dramatically. Then again, the cost-cutting measures it implemented then, including sending 12 of its expatriate staff packing, could only532 words
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161 1987-10-13 2 SINGAPORE and Papua New Guinea (PNG) can complement efcch other economically and should expand links for mutual benefit President Wee Kim Wee said last night. "Papua New Guinea is a vast country endowed with abundant natural resources. Singapore is an international economic centre,"161 words
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365 1987-10-13 2 TIN CAN MANUFACTURERS yesterday announced that they were increasing the price of their product# by 12 per cent with immediate effect. There are 20 local manufacturers of tin cans, of which 13 are members of the Singapore Manufacturers' Association. These365 words
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Article158 1987-10-13 2 A NEW collective agreement covering more than 300 employees of the Century Park Sheraton has been completed and will be formalised at a ceremony to be held in the hotel's presidential suite today. Under the new agreement, there will be no increment for the employees this158 words
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Article, Illustration374 1987-10-13 2 JEFFREY TSANG - By JEFFREY TSANG HEWLETT PACKARD Singapore scored another first when it unveiled its "graphics tablet" yesterday. For not only is this computer peripheral device designed and made in Singapore, it will also be marketed worldwide from the Republic. "It is important because it will demonstrate374 words
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Article, Illustration225 1987-10-13 2 YOHQ MEE HtONG has been appointed executive director of ITP Services (Pte) Ltd. The company has also appointed JRfIMY BONG as director and project manager. Miss Yong is a graduate in business management, banking and finance. She has four years' experience in exhibition and conference management services.225 words
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Page 2 Advertisements
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Advertisement151 1987-10-13 2 Jean Behra at the u heel of the Maseran 250F which won the Italian Grand Prix at M odena in 1957. Maserati became World Champions the A same year. Jr. MASERATI. sP v S3S J? <» Swj v/JPB shoe V O v 1» b mi The 1987 Maserati Spyder. Twin-turbo151 words
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Advertisement114 1987-10-13 2 Prompt pick-up and delivery 24 hours a (Jay Fresh C ate ft Delia fits'. t* JlSi J m M .wr.aw.* A > i mM gMM| TTT «Vt •^•fJ airflown from Australia. Delectable, fresh Garoupa. Grilled to perfection King Prawns "fangy. tasty Ikan Kurau Fillet... An enticing array of the freshest114 words
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ASIA – PACIFIC
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Article, Illustration390 1987-10-13 3 AP A .RETIRED US GENERAL has retsmed from s study mission to theJPhiiippines with a gloomy report on thst country's ability to beti communist guerillss snd a warning that time to save the situation is running out. Qichard Q Stilwell, who once servedAP - 390 words
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460 1987-10-13 3 Reuter HONGKONG'S foreign exchange dealer Anthony Yan is thrilled by money but China's yuan currency apparently fails to excite him. Mr Yan, who daily trades in millions of US dollars, Japanese yen and West German marks for an American bank, said: "I'm emigratingReuter - 460 words
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143 1987-10-13 3 Reuter VIETNAM said on Sunday it would stage its annual partial troop withdrawal from Cambodia in November, withdrawing a division and four brigades. The Defence Ministry announcement, reported by the official VNA news agency monitored in Bangkok, did not give the total number ofReuter - 143 words
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300 1987-10-13 3 AFP TAIWAN, limited in natural resources, is to search for new suppliers of raw materials essential to its export-led economy in a bid to counter the threat of protectionist sentiment abroad, a trade official said yesterday. Pan Chien-Hsing, marketing information director ofAFP - 300 words
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396 1987-10-13 3 MBT THE MALAYSIAN electrical and electronics industry appears set for another good year judging from its performance in the first half of this year. Between January and June 1967, export earnings increased 27 per cent against the corresponding period of lastMBT - 396 words
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Page 3 Advertisements
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Advertisement58 1987-10-13 3 FOR SALE SUNGEI KADUT AVENUE Attractively designed showroom production space with large fully airconditioned office building and frontage to Woodlands Road Leasehold 23 years unexpired Land/built Area 262,000 sq.ft./ 48,000 sq.ft. Site can be sub-divided Sale price by negotiation Chesterton 10 Anson Road #19-01 International Plaza, k T cdmatiama. Singapore58 words
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Advertisement308 1987-10-13 3 V '1 i W i I I '1 i r In our struggle to develop the ultimate PC, we created the Power Mate 1 and 2. They cost less than the industry standard but offers power and features that leave the industry standard far behind. You get the kind of308 words
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Page 3 Miscellaneous
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Miscellaneous84 1987-10-13 3 Singapore OUTLOOK: thowf In nwil irNi In th« ■•port for 24 hours prior to 7.30pm on Oct 12 at «ho airport! Hra of nmNm 1.90 Rslnfsll In mm nN lUMbM MS mffi 2.3 Rainy days Ms rrHh— 2 Now MM Now York Nicosia Oslo Paris Portti Rio 'Janeiro Rom* San84 words
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REST OF THE WORLD
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Article, Illustration501 1987-10-13 4 AFP WEST GERMAN Finance Minister Gerhard Stoltenberg reassured foreign investors on Sunday on a new withholding tax on investment income. This coincided with finalisation of a package of proposals for government spending cuts. He told a news conference in Bonn that the 10AFP - 501 words
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394 1987-10-13 4 UPI A SUPERSONIC Concorde jetliner carrying almost 100 people ran "dangerously short'' of fuel while circling over London in an air traffic stack-up but managed to land safely after it was given "emergency" priority status, The Observer newspaper reported on Sunday.UPI - 394 words
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413 1987-10-13 4 Reuter MAURITIAN Finance Minister Vishnu Lutchmeenaraidoo forecast continuing economic growth and falling unemployment In 1968 as he unveiled a new budget, with a reduced deficit. He said recurrent expenditure would rise 28 per cent in the 1987/88 JulyJune financial year, but tax collection would rise 17Reuter - 413 words
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634 1987-10-13 4 NYT TWO YEARS after the US and Israel signed an agreement for free trade the first such American pact with another country commerce between the two nations has increased substantially and decades-old obstacles are beginning to be cleared. Israel has shifted someNYT - 634 words
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Article, Illustration186 1987-10-13 4 AFP AUSTRIAN PreekJent Kurt Waldheim, who faces accusations from the World Jewiah Council of having committed war crimaa as a Nazi officer, la likaly to raaign soon, tha Waat Qarman magazina Dar Spiegel reported in its issue published yesterday. The weekly aaid Weat German ChancellorAFP - 186 words
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635 1987-10-13 4 Reuter AT THE START of the fifth year since it roared beck from the last recession, the US car industry looks set tor snother year of healthy profits snd sslss. But, ss Detroit started the 1968 model yesr on Oct 1, Incrsssing foreign competitionReuter - 635 words
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Article909 1987-10-13 4 ARRIVALS Operator number local KM From FT FT75 0316 UH/OtD/ANC/ CAl NPT/MNL/TPf 0333 0405 TPf MAS MH661 0620 KUL sv SV396 0635 JED/RUH FB4 MAS MH611 0910 MAS MH471 0920 KUL AC 0925 YYZ/IMR/KOM SIA SQ103 0950 KUL OA CX710 1015 CGK MAS MH603 1020 KUL MA909 words
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Page 4 Advertisements
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Advertisement118 1987-10-13 4 QUALITY BEFORE YOUR EYES A V-" When it comes to eye care, we do it in to eye style. Whatever your personal preference, we have the frame to complement your looks and lifestyle. In over 3000 designs, sizes and colours. Choose from our top-of-the-line Exclusiv, unisex Modelbrillen, fashionable Lady R118 words
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Advertisement130 1987-10-13 4 fI If If 11/ The business person's choice, every I 1 II I l| Tuesday, Thursday, Saturday and I 1 I \l II I Sunday, leoving Changi Airport at J. W± WyL 1 _L 22:05 hours and arriving at Lester B. Reorson International Airport the following day. Call your Travel130 words
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COMMODITIES
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Article140 1987-10-13 5 THE PRICE of tin rose 11 Malaysian cents to M 517.15 a kg on the Kuala Lumpur Tin Market yesterday on stronger overseas demand, .«specially from the Europe*an buyers. Dealers said the price *fwuid be on an uptrend at least for the next few days. However, some said140 words
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Article297 1987-10-13 5 SINGAPORE The market closed lower with November One RSS buyers quoted at 217.75 cents/kilo, down 0.75 cents from last Friday's close. The morning session lost one cent mainly on easier Japanese advices and lack of buying support in quiet trading. Trading in the afternoon session continued quiet but prices297 words
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Article199 1987-10-13 5 Chinese Produce Exchange ScNtn' noon doflnQ pH Oct 12 (SS/100 kg) Icm on Coconut oil Mk FO# 95.00 OM drwn FO# 105.00 Now drum FO# 109.00 Copra Mixed (IOOM) 56 M#on Popper FO® HI W 1317-50 Sarawak FOB foq NLW 1302JO Sarawak facial Wack FO# NLW 962-50 Sarawak199 words
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203 1987-10-13 5 Reuter INDIAN farm exports hit a record high in 1966-87, rising an estimated 5.7 per cent to 21.31 billion rupees from 20.15 billion the previous year. The estimates indicated record highs for spices, cashew kernels, oil cakes, shellac, basmati rice and marine products. TheyReuter - 203 words
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Article247 1987-10-13 5 RAS prices MM8.P0 hiM« B NOON aosf knr 1 RSS Prompt WWJWT9 219.50 220JON 219.73 *****N In* 1 RSS Nov 87 217.50 218.00 217.75 218.25 Inr 1 RSS Doc 219.00 219 JO 219.25 219.75 M 2 RSS Of 216J0 218J0N 216J0 218J0N Int 3 RSS Of 213247 words
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Article78 1987-10-13 5 (oanfi/kg, 1-*on poAeti) NOVEMBBt 87 DECEMia (currw* month) (ferwor d month) RAS NOON NOON bym bran Mm S» 30 313.00 3)3.00 31X00 21X00 SSI 50 211J0 313-50 an jo 21X50 1 mnkbl# Imn Mm Ivywi Mhn SMI CV 27X00 374A0N 27X00 27X00N SMI I ***** 374.00N 27X0078 words
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Article297 1987-10-13 5 London Commodity Exctiango luytf/Stitf dosing Oct 9 (£/tonn* unk pricot on r*i jpacmaaj Previous doting pricts m portnfhtiii COWII ftosH In-fMft London, Mion option OF London Now 1373/1375 (1 383/1 364) High/Low 1383/1370 ion 1402/1404 (1412/1413) High/Low 1412/1396 -i- JOI#l (3724) Cocoa Ok 1183/1184 High/Low (1193/1194) 1193/1182 Mor297 words
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Article122 1987-10-13 5 PLATINUM USS/oz LONDON FIX Mon Frl n mln ri morning 580JO 580.25 A ft* moor 579.25 ***** HYMEX (opening) Man Frl ion '88 591.00 592.00 Apr *88 ***** Source: Johnson Matthey Singapore GOLD US$/o> Mm trt MNOAPOM *****8/462.20S 461.208/*****S HONQKONQ 461.608/462.1 OS *****8/461.1 OS Fri Thurt LONOON 461.00ft/461 -SOS 458.008/458.50S122 words
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539 1987-10-13 5 Earnings could be USs7som yearly Reuter UGANDAN coffee production is expected to reech five million bege of 00 kg in the 1967/88 October-Sep-tember coffee yeer, up from three million begs in 1988/87, President Yoweri Museveni said in Kampala last Friday. "This couldReuter - 539 words
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Article263 1987-10-13 5 Crude palm oN future* tall following wMkir sentiment and on lack of fraah factors on th* KLCE yesterday. October, November and Dacambar all cloaed at Ms7oo a tonne, down Msl3, Msl6 and MslB a tonne respectively. Turnover fell to 664 lota from 1.027 lota previously. Open interest at263 words
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73 1987-10-13 5 Bernama THE forestry sector contributed M 54.7 billion or 13.2 per cent of Malaysia's export earninga laat yeer, ranking after petroleum and gea. according to Perlia Mentri Beear Or Abdul HamkJ Pawanteh last waafc The sector stso provid- Ed employmentBernama - 73 words
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Article43 1987-10-13 5 GENERALLY, prtoee for products in the Far twi w'nioiwo wvvKvf i9noviX)'vB now®»®!! in an abeenco of trade, levels remained unchanged OM Hrt 14.*» °!T«7 WM Umm Products (FOt S'por*) kM/towi Ogp 17.11 UIjOO -xoo NM (Ml «M0 Source: Petroleum Argus43 words
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Page 5 Advertisements
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Advertisement110 1987-10-13 5 Have Something Swiss... A superb variety a Shredded meats veal, venison, pork fillet, beef fillet and chicken cooked to perfection and flambed at the tableside. A superb meal enhanced with cream sauce, mushrooms, buttered noodles and roesti potatoes. EMINCES Swiss favourites. At only $15. In the cozy ambience of an110 words
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Advertisement273 1987-10-13 5 ARTIFICIAL INTELLIGENCE WHAT CAN IT DO FOR yOU? Al: A fast growing science Al has been defined as the science of 'making machines do things that require human intelligence when done by men', and there is a growing euphoria about its possibilities. Hewlett-Packard understands the goals of Al, and knows273 words
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BANKING AND FINANCE
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595 1987-10-13 6 AP THE PERUVIAN government nationalised the country's financial system on Sunday, climaxing more than two months of acrimonious national debate. A law published in the official gazette gave the state monopoly control of Peru's financial system and expropriated 10 private banks, 17 insurance firms and sixAP - 595 words
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455 1987-10-13 6 LEONG WEN WAH - By LEONG WEN WAH HONG LEONG Corporation (HLC), the trading and manufacturing arm of the Hong Leong group, has recently restructured a Ssso million note issuance facility (NIF). The revamped NIF, which was put in place in May 1965 and was due to expire455 words
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211 1987-10-13 6 NEPTUNE Orient Line, is tapping the capital markets for US$2O million in fiveyear, floating rate notes (FRNs). The bearer FRNs, in denominations of U*****,000, will be issued at par. Sources say the interest rate is very competitive with the six-month Sibor rate, currently211 words
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Article281 1987-10-13 6 Reuter INVESTORS lost money on moot US bond mutual funds in tho third quarter, with govarnmant bond and tax-exempt municipal bond funds ragistaring tha worst parformancas. according to a survey by Upper Analytical Servicae. Only short-term fixedincome funds and convertible bond funds showed any positiveReuter - 281 words
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Article115 1987-10-13 6 Reuter ECUADOR ha* reached preliminary agreement to reschedule U556,078 billion of debt owed to commercial banks. Finance Minister Rodrigo Espinosa said on Sunday that he hoped to present the details to President Leon Febres Cordero today for a final decision. "The conditions are very positive." EspinosaReuter - 115 words
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381 1987-10-13 6 NYT A MEMBER of the US Federal Home Loan Bank board said last week that a bid made this week by the Ford Motor Co to acquire the struggling Financial Corporation of America is "not an attractive option" because itNYT - 381 words
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Article, Illustration175 1987-10-13 6 12 nmtor bate In S'para Interbank market r atM (offer/bid) on Oct 12 USS DM SWFC 7 7 1/4-1/1 0 11/1* 0/1* 1 7 ft 1/4 11/4 1 1 1/4 5/0 1 ak 7 IS/1* 11/1* 15/1* 11/1* 4 1/1* 1/1* 1 */l* 7/1* 4 1/1* 1/1*175 words
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Article510 1987-10-13 6 AFTER OPENING at Chicago's low of 90.83, December Eyrodoßer remained at the low end on Simex yesterday. The December contract recovered from the low of 90.81 to doee 12 ticks lower at 90.63. December T-fcends settied 21 ticks lower at 79.28 after a quiet seesion. Currency futures opened higher510 words
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Article133 1987-10-13 6 Gold futures on Oct 9 100 toy ounooo: US* por My ou V* 0»M Lav MM Ocf MM ***** 4*170 40Q*0 4*1.90 fft 0J0 040 Ok 4*7 JO 4*770 465.30 466.90 •*■040 Nk H 474.50 475.00 471*0 ***** 0J0 Apr 4*100 4*100 47* JO 4*1.10 *0.60 Mm133 words
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Article434 1987-10-13 6 INTEREST RATES OPTIONS CUM Mc (MM Mdoy, Ock EX) iter 12, 19t7 Da M* 87 Mtti Lm Oh sr tm MM) Lm 9000 •OA SS 5 •030 4SA 47 I3S U *100 IS IS 19 35S M 9125 11 10 11 SIS 52 91 SO 6A 5 70S 71434 words
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Page 6 Advertisements
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Advertisement113 1987-10-13 6 KEPPEL HOUSE SINGAPORE FOR SALE BY TENDER #0* V A modern 5-storey office building with car park. Situated on the fringe of the financial District, next to the IBM Towers and one of the busiest ports in the world. Only a few minutes' walk to Tanjong Pagar MRT Station. Naming113 words
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Advertisement9 1987-10-13 6 Ford to dlibuif UBs63m to shar* hofctort, Pag* 179 words
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Advertisement251 1987-10-13 6 INVESTMENT OPPORTUNITY EXPANDING INTERNATIONAL COMPANY SEEKING EQUITY INVESTOR FOB SINGAPORE OPERATION. A JOINT VENTURE PROPOSITION WOULD ALSO BE WELCOME. We or* a newly established company in Singapore fotowing the successful troding format of our international parent. We manufacture, by contract, our own branded products which have been designed and meticulously251 words
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Page 6 Miscellaneous
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Miscellaneous49 1987-10-13 6 I KNOW. TOOACOWMOmiN6. THATS UJHV I'M SUPPORTING PETE PU PONT! HE'S NUTS, BUT AT LEAST YOU KNOW WHERE HE 9TANPS... UNCLE~X UONBL, WHY ARB YOU STARJN6 X ATMS* Doonesbury gjNaa LfONEirsptsmcHH? TOmW&6ONMTHSKIPPY, GEOR6E BUSH'S EYILTWIN. r fk *4 3 'J 3* <&1 *5 m S M BY GARRY TRUDEAU49 words
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MONEY AND EXCHANGES
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Article852 1987-10-13 7 CURRENCY FUTURES OPTIONS IMM Friday Odobac, 9 1987 MfTMH POUND OI.H, can* p« C Prtaa Oot-c Nora Pm 0*9 1 1*00 4.93 5.05 SJO aoo 1*29 245 2 95 345 000 1450 OOO 1-35 1.90 OjOS 1475 OOO Ol45 1.00 245 1700 OOO 045 1725 OOO 020 fat vak852 words
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Article1209 1987-10-13 7 SINGAPORE: The US dollar cloeed firmer but below the day's highs against most major currenciee in thin trading. The dollar roee In afternoon trading mainly on short-covering interest and speculative buying. Profittaking emerged in late trading to pare gains. Most operators refrained from taking large poeitione because of1,209 words
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Article62 1987-10-13 7 THE OVERNIGHT RATE on the Singapore interbank market rose 2 15/16 points to end st 3 per cent yeeterday. One- end two-months ross 14 point ssch while three-months rose 3/16. SI Interbank rafw at 7pm y*storday: orm md rtgto 3 3 1/3 IhmmH 4 1/3 4 3/t 3kMk62 words
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Article183 1987-10-13 7 Asian market YESTERDAY'® report on the Asian dollar deposit rates were not available due to technical reasons. MIMVSnt MQOii I raise us$ OWH MO 7 day* 7 3/4 7 5/9 1 Maitfh 7 7/9 2 MMh l/» 9 3 mntfi* t 15/1* 13/1* Htontfa 9 1/1* 15/1* 9 »Kl» 1/4183 words
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Article84 1987-10-13 7 Treasury bills Period Issue Yesterday's dosing Day's cod* Maturity MO ore* HK5H LOW 3 monlht B*****1S 7.1.88 3.63 3.58 3.62 3.55 6 nior»>h* IS*****Z 21.01.88 3.58 3.48 1 y*or 8Y*****M 22.09.88 3.95 3.90 3.93 3.93 Government notes and bonds Ported Issue Maturity Coupon Yostorday's dosing Day's cod*84 words
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Page 7 Advertisements
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Advertisement648 1987-10-13 7 For those in Search of Excellence vs •IV: -ASr. ■A m X**', -*r i m w. ;iiv T m m *f> H The RIVAI TIME-MASTER® You'U wonder how you ever managed without it... The RIVAI TIME-MASTER® is a totally self contained and flexible management system for planning, organizing and recording648 words
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FOCUS
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Article, Illustration1410 1987-10-13 8 Jeff Bradley; Azman Ujang - The Commonwealth conference is all set to open today. In the main piece, Jeff Bradley explores the agenda of the meeting and in the accompanying piece Azman Ujang reports on the expectations of the Malaysian delegation CHOGM '87 Vancouver 13-17 October .aAP - 1,410 words
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Article, Illustration555 1987-10-13 8 Bernama MALAYSIAN Prime Minister Datuk Seri Or Mahathir Mohamad drew attention with his tough talking at the Commonwealth summit in Nassau two years ago and he is not likely to keep a low profile in Vancouver. Although Or Mahathir will not be inBernama - 555 words
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Page 8 Advertisements
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Advertisement170 1987-10-13 8 TAN CHONG TOWER SERVICE APARTMENTS 15 QUEEN STREET 'An ideal location for your short stay in Singapore' •Weekly basis within CBD "telephone, TV, air-con, cooker, fridge, kitchenware, household linen and housekeeping available. Tfelex, secretarial and laundry services available Covered car park •24-hour security Types available: Studio 5350 Weekly 1-bedroom $420170 words
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Advertisement11 1987-10-13 8 GET YOUR COPY OF SINGAPORE BUSINESS TODAY A Times Periodicals publication11 words
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Page 9 Advertisements
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Advertisement350 1987-10-13 9 v* •Yf How much will your balance sheet lose in the translation? It doesn't take much to make your wellmanaged, profitable foreign subsidiary look like a foreign liability Just an unfavorable exchange rate when the balance sheet is being prepared. A classic case of currency exposure. And while the symptoms350 words
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PERSPECTIVE
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Article509 1987-10-13 10 THE COMMONWEALTH heads of government meeting (CHOGM) opening in Vancouver today has to be one of the more unusual international political gatherings. Besides the commonality of interest that derives from a common colonial heritage, the 49-nation grouping encompasses a broad spectrum of free world countries509 words
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Article, Illustration1312 1987-10-13 10 JUNE LIM - The Hindu kingdom of Nepal is anxious to capitalise on its natuial scenery which is proving to be a major tourist attraction. The country wants more investments in hotels and resorts, more airlines in, and generally to improve the present tourist infrastructure, reports1,312 words
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Article, Illustration439 1987-10-13 10 TO ENSURE an unimpeded flow of travellers, Nepal has adopted an open air policy and beefed up the strength of its national carrier. Royal Nepal Airlines. Last year, 82 per cent or 183,131 holiday-makers went to Nepal by air while the rest travelled overland via the439 words
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Article, Illustration806 1987-10-13 11 Reykjavik 1986 the failed summit that wasn't UPI BOTH SIDES initially termed the October 1986 summit in Iceland a failure, but one year later the United States and the Soviet Union are rushing headlong towards an historic arms reduction agreement that has its roots in the frosty northern capital. TheUPI - 806 words
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Article, Illustration876 1987-10-13 11 BILL KELLER - Soviet leader Mikhail Gorbachev, in what is described as a major policy change, has called for wider powers for the United Nations to regulate military conflicts, economic relations and environmental protection. BILL KELLER reports. BILL KELLER NYT AFTER MANY YEARS of treatingNYT - 876 words
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Article, Illustration625 1987-10-13 11 AFP ASIAN BISHOPS have proved a driving force at the Synod in Vatican City, on issues ranging from the role of the Roman Catholic laity to more rights for women and the question of the Church's future. Church analysts highlighted statements made byAFP - 625 words
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Page 10 Advertisements
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Advertisement175 1987-10-13 10 2® <o FILL IN SOMEONE OVERSEAS ABOUT SINGAPORE. m V I fa y i WEEKLY OVERSEAS EDITION M.CItP) No. 222/8/87 SATURDAY, SEPTEMBER 5. I»1 wammumm V VT ■W uv;v; The Straits Times Overseas Weekly. It's the weekly newspaper, printed on lightweight paper in convenient tabloid size. It carries business, economic,175 words
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Page 10 Miscellaneous
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Miscellaneous21 1987-10-13 10 I've Fihißu-Y rrr > snoßTusreo THE: i CaN't Beueve it thc grp>c>e: RRrvys iNONeNTny.. P-i) oEver.tr»9 Standard Co Ltd ,I'>i2 19|7 "T<DI21 words
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Page 11 Miscellaneous
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Miscellaneous1175 1987-10-13 11 wsmmm W SBC Text Sample Paget. Opening and Progromme Highlights followed by Never The Twain. fator-Varsity Debates 1987 Nanyang Technological Institute v National University of Singapore Team B (C). Well Think of Something Business Wallah. Cosmopolitan Theatre Melba (Pt 1, See highlights). Musical Interlude. European Open Golf '87. TUESDAY PREMIERE1,175 words
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Miscellaneous683 1987-10-13 11 CRYPTIC PUZZLE ACROSS 3 Cleaned up some broken stewpots (5) 8 Like the pub on the corner (5) 10 A governor to keep you straight (5) 11 Nepalese friend? (3) 12 The sort of show to knock you out? (5) 13 Heed for conflict! (3-4) 15 I step around the683 words
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SPORTS & LEISURE
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Article, Illustration401 1987-10-13 12 AP KIRBY PUCKETT and Grefl Gagne homered, moving the Minnesota Twins within one game of their first World Series in 22 years with a 5-3 victory over the Detroit Tigers on Sunday night. The victory broke a travelling jinx for the Twins the worstAP - 401 words
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285 1987-10-13 12 UP THE SAN FRANCISCO Giants are one victory away from their first World Series appearance in 25 years because they did more on Sunday with their bases-loaded, none-out situations than the St Louis Cardinals did with theirs. The Giants scored four runs inUP - 285 words
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Article, Illustration687 1987-10-13 13 UPI SANDY LYLE defeated West German Bernhard Langer at the second extra hole in a play-off for the US$4OO,OOO German Masters Golf Championship on Sunday his first victory in Europe for more than two years. The British golfer, who captured the Tournament Players Championship in FloridaUPI - 687 words
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Article129 1987-10-13 13 Reuter THE GAME filly Eurobird ploughed through the mud on Sunday to win the Irish St Leger effortlessly in the hands of stylish American jockey Cash Asmussen. Asmussen snd Irish trainer John Oxx were assured of their first Irish Classic triumph from the moment Eurobird, whoReuter - 129 words
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Article, Illustration313 1987-10-13 13 AFP FORMER Wimbledon champion Boris Backer said yesterday that he had gone back to his roots in West Germany to help get his tennis career back on the right track. The 19-year-old Becker said he was now mentally and physically in betterAFP - 313 words
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390 1987-10-13 13 WALTON MORAIS - By WALTON MORAIS IN A CHANGING tennis landscape, as all around tournaments are either being cancelled or passed over, the durability of the Philips Singapore Open Veterans' tennis championship bears testimony to its informality, "fellowship" and "fixed crew". Explaining the success of390 words
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Article, Illustration530 1987-10-13 13 AP JOHN MCENROE defeated Paul Annacone 6-4. 7-5 on Sunday to win tha AT&T Challenge Tennis Tournament and collect a US$l5O,OOO cheque. Runner-up Annacone won US$lOO,OOO. McEnroe broke Annacone's serve in the ninth game of the first set for a 5-4 lead. AnnaconeAP - 530 words
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236 1987-10-13 13 AFP EVENTS OF THE last 12 months have transformed the World Open Squash Championship in Birmingham, England, from another boring victory for the great Jahangir Khan to a competition filled with uncertainty. Two factors have caused the change in the outlook for the £62,510AFP - 236 words
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227 1987-10-13 13 UPI THE 29th SAN REMO auto rally which began yesterday looked to be an all-Lancia affair as the Italian team's top drivers, Markku Alen and Massimo Biasion, battled for the lead over the four-day, 2,097 km test. Lancia's powerful Delta four-wheel-drive machinesUPI - 227 words
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Page 12 Advertisements
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Advertisement825 1987-10-13 12 c\ i '-V "i OF' IJ/ at I? T I > aafl 9999 1 There's more to Hainanese Food than just Chicken Rice. Hainanese Buffet Promotion. 1 Oct to 31 Oct In fact we're having a bumper harvest of Hainanese delicacies in our Hainanese Buffet Lunch Dinner Promotion. Come savour825 words
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Advertisement180 1987-10-13 12 ST i*n,f«*» %g 'J—i lfi» AKO* if I France at The Belvedere The Belvedere's French buffet luncheon. An incredible selection of more than 60 authentic favourites, from now till October 29. It's as good as being in France! 12.00 to 2.30 pm daily. Adult: $31/ Child: $15 Prices subject to180 words
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Page 13 Advertisements
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Advertisement146 1987-10-13 13 jn f n I 1 m 1 i V, i t •v The Bounty of the Hunt. Every evening between October Ist and 31st, the Hubertus Grill presents a game menu of specialities rarely available in Singapore With such noteworthy offerings as Home-made Game Terrine. Essence of Pheasant, Medallion of146 words
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Advertisement228 1987-10-13 13 PALM M 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 Plaza228 words
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Page 13 Miscellaneous
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Miscellaneous68 1987-10-13 13 Play golf the Sewy way Trouble shots WHEN YOU HAVE TO PlAV A (OPTED PITCH SHOT FRO/* A BARE SPOT C10SE TO THE GREEN YOU WILL NEEOTOMAKE SOME SWING ADJUSTMENTS... 1 MlWStUS/ THROUGH THE BAIL AS you WOU10 00 IN v PIAVING A BUNKER y SHOT. iBBBS a r-JHk UNLIKE68 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4117 1987-10-13 14 SHARE PRICES cloeed lower in quiet trading yesterday due to profit-taking and lack of follow-through buying. The Straits Times Industrial Index declined 0.53 points to 1.446.77 while the BT Composite Index slid 6.28 points to 1,206.02. Turnover stood at 17.0 million shares worth4,117 words
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Article239 1987-10-13 14 SINGAPORE Rises lr idlCM HMfi Crnte SO* UN >HilU M C to# Forttwo, Wm 1100 1430 •20 1300 *70 31* 150 30 15 10 10 7 5 5 •TCm^mB* *T Ot /OS •T CUM »T IO-*ay MA BOW Ob* Oct 12 1303.10 12**42 201 -*025 -*103 -*091239 words
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Article3340 1987-10-13 14 BID and offer price* officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number at shares traded shown in brackets in lots at 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT3,340 words
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Article296 1987-10-13 14 BERJAYA CORPORATION (MALAYSIA) Berhed: 18th AGM at Jalan Utas, Shah Alam, Industrial Estate, Shah Alam, Selangor on Thursday. Oct 15, at 9am. PAPER PRODUCTS (MALAYA) Bertied: 25th AGM at the Conference Room, 22nd Floor, Plaza See Hoy Chan, Jalan Raja Chulan, ***** Kuala Lumpur on Thursday, Oct 15,296 words
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Page 14 Advertisements
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Advertisement15 1987-10-13 14 KL market report, Buslnaas dona ontha KLSE, Paga 16 UnH Trust* tabic on Paga 1515 words
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COMPANY NEWS
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Article, Illustration635 1987-10-13 15 mm™ HOCK LOCK SIEW THERE HAVE BEEN positive signs given recently that United Pulp Paper's shareholders who have been stranded off market for the past four-and-a-half years will be allowed back 4o trade in the very near future. All parties, including the major shareholders andHOCK LOCK SIEW - 635 words
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302 1987-10-13 15 INVESTORS in UniFund a unit trust approved under the Central Provident Fund investments scheme now own twice as many units. This follows the decision by UniFund, which is run by United Merchant Bank (UMB), to split the shares in two "to make the302 words
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238 1987-10-13 15 NST CI HOLDINGS BHD is to introduce a "supermarket system" to supply building materials to property developers. "The system would be of great benefit to developers as it means they no longer need to go to several suppliers to get their building materials," saidNST - 238 words
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Article, Illustration799 1987-10-13 15 AFP A PERSISTENT bull-run on the Hongkong stock market this year has pushed prices to all-time highs but analysts are now warning that the market is overheated and in need of urgent consolidation. The key Hang Seng Index, a barometer of businessAFP - 799 words
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478 1987-10-13 15 NAJEEB JARHOM - By NAJEEB JARHOM FACED with a shrinking Singapore cigarette market, Rothmans Industries Ltd (RIL) is looking to overseas markets for growth. The company is negotiating with Rothmans International PLC on the setting-up of an equallyowned joint venture firm to be incorporated in the Netherlands which478 words
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261 1987-10-13 15 MBT PERLIS Plantation s (PPB) proposed general offers on a share exchange basis for Rasa Sayang Beach Hotels and Federal Flour Mills have been approved by the Capital Issues Committee (CIC). Announcing this over the weekend on behalf of PPB, Malaysian InternationalMBT - 261 words
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Article, Illustration558 1987-10-13 15 AFTER three years of re-organis-ation, retail-based Robinson A Co will focus all its management efforts in the financial year ending next June on reaping the fruit of its labours. "We have no plans for major changes in the current year," Robinson's chairman C558 words
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Article293 1987-10-13 15 Manogorc' prtcw for Oct 13 >($) MS Bonk Sfconton Gr Fund III 114 Singapore Unit Trust Japan Gr Fund Shanlon TVKl Fund IJ4 IjOI 141 101 Tit* Com—rem 12 I29 Tho Savings Fund S'pora frog Fund IX» a# I U osr UOB Monogot nont S'por* Soc Fund 0®293 words
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Page 15 Advertisements
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Advertisement75 1987-10-13 15 WHEN THE BULLS CHARGE, CAN YOU BEAR IT? Strong financial support is part and parcel of a sensible investment plan. We can help you achieve just that. 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.75 words
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Advertisement22 1987-10-13 15 BULLS BEARS Bftouront ft Bor Pt* lid 176, Orchard Road. #03-45/46 Centrepotnt. Singapore 0923 Tel: 235-6268. 732-8593 Business Hours: 11.30 am 11.30pm22 words
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REGIONAL MARKETS
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2968 1987-10-13 16 SHARE PRICES on the Kuala Lumpur stock market slipped into the minus territory yesterday in fairly active trading. No sector of the market was spared. Blue chipa and quality counters, which have been raking in good gains lately were the worst hit suffering double-digit losses2,968 words
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Article1372 1987-10-13 16 Hongkong SHARE PRICES on th* Hongkong market cloeed •lightly higher yesterday as demand from local Investor» overcame pressure from a rise in local interaat rates The Hang Sang Index ended the day 17.75 points higher, just croaaing the 3,900 level at 3,000.17. Brokers said sentiment remain» builieh1,372 words
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Article129 1987-10-13 16 OCT IS 1 MM >#- Chatl Sugar i— ,4 UVPim Ing Otwoo Corp Daewoo Haavy Datahwi Sacwnttaa Dong Ah Phar Ooog Stih Stock Donate Sto« 36*00 ***** ***** ***** 2M00 ***** ***** ***** >300 •MO -140 >300 -0000 unch >1900 >1100 QoidStor HmM Bank "•""I UVUWR Hankuk Qla>> Hanyang129 words
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Article508 1987-10-13 16 Reuter SHARE PRICES closed •lightly lower in thin featureless trade on the Tokyo market yesterday, pushed down by declines last week on Wall Street, possibilities of rising US and Japanese discount ratea, and a weaker dollar. The 225-ehare market index cloeed down 54.12 points to 26.284.65. Laat Friday theReuter - 508 words
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Article367 1987-10-13 16 Reuter AUSTRALIAN share pricee closed sharply weaker yesterday following Wall Street's 34-point tall last Friday and a sharp decline in share index futuree in Sydney. Brokers said static bullion prices aleo led to wideepread dumping of stock. The All Ordinaries Index closed 35.4 points lower at 2,186.0, the industrialsReuter - 367 words
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Article138 1987-10-13 16 OCT 11 BANT Ao Kham Thai 223 3 .1. 1 Mn DinURW WMU IIX J Bangkok Bank. Banfoi Ayudhya Charoong Thai Win ft Cabta H7 ..300 .400 1 431 3 0 14 4 Ohana Stacn Ftn Aata Fibre Quartern EaM Aeiabc Foramoat Frleeiand 1171 •12 Carp 334 Ml CoamaMc138 words
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Article269 1987-10-13 16 OCT 11 MTf AH Sincara Indus 4 86 •0 29 Aaia Camant •1.00 -2 Cathay Cons 116 00 -6 Chang Hwa Bank ***** 6 61 00 -3 Chla Haln Camant. 72 90 -3 9 Chin Hain Flour .23 90 -1.2 China Cham 36 60 -1.7 China Day 117 90269 words
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Article73 1987-10-13 16 OCT 11 KKH ACOf9 WW* Anjk) Ph4l 0 01« -0 001 Apex Mint no B 0.0750 unch •1 Beguto QoM Basic Petroleum 0 018 *0 003 B»nguo< Con B 120 uncti n .-a DKil 10 90 05 090 002 Morcoppor............. uneh rrripB 0 0* 0.0025 0 08 ♦0006 073 words
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Page 16 Advertisements
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Advertisement414 1987-10-13 16 NOTICES In the Matter of the Companies Act, Cap. 50 TELE-TOOLS SERVICES (PTE) LTD (Incorporated in Singapore) SPECIAL RESOLUTION At an Extraordinary General Meeting of the members of the above named company, duly convened end held at 11 Bit, Rue Jean Goujon, ***** Paris, France on 7th October 1987 the414 words
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Advertisement265 1987-10-13 16 THE COMPANIES ACT, CAP. 80 WALLINS DEVELOPMENT PTE LTD (In Liquidation) At a general meeting of WALLINS DEVELOPMENT PTE LTD duly oonvened and held on the 7th day of October, 1987 the following special resolution was pawed: SPECIAL RESOLUTION That the Company he wound up voluntarily pursuant to section 290(1Xb)265 words
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Advertisement437 1987-10-13 16 MICHRON (8) PTC LTD (In Member*' Voluntary Liquidation) NOTICE OP PINAL MISTING NOTICE IS HEREBY OIVEN that pursuant to Section 306(1) of the Companies Act, Cap. 60, the final meeting of the company will be held at 190 Middle Road. #16-03 Fortune Centre, Singapore 0716 on 30th October 1967 at437 words
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Advertisement299 1987-10-13 16 IN TUB MATTER OP TBI COMPANIES ACT (CHAPTER M) AND IN THE MATTES OP TAN* COMPANY METALS PUVATE (In Mmbm' Voluntary Wlndlng-Up) At an Extraordinary Oantral Meeting of the tboranamtd company duly oonvened and bold at 101-A Upper Cross Street, #11-22, People'* Park Centre, Singapore 0106 on Friday, the sth299 words
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Advertisement368 1987-10-13 16 THE COMPANIES ACT. CHAPTER 50 Section 290(2)<b> NOTICE OP RESOLUTION BRALORNE RESOURCE* PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Brelorne Resources Pta Ltd held on tha lit day of Octobar 1987, tha following special resolutions ware duly pMMd! RESOLVED THAT: 1) That tha Company be368 words
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COMPANY NEWS
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Article, Illustration692 1987-10-13 17 NYT THE FORD MOTOR Co is finally finding some uses for the large cash hoard it has been building. Its board voted last week to disburse an extra US$63 million to shareholders, raising the quarterly dividend by 25 cents, to US$l a share.NYT - 692 words
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Article, Illustration851 1987-10-13 17 The City of London financial district can never be the same again Reuter SHOCKWAVES are still reverberating a year after the sweeping reform* of "Big Bang" hit London's financial markets. Nicknamed after a theory on the beginnings of the universe,Reuter - 851 words
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758 1987-10-13 17 NYT TO HEAR Wall Street tell it. the profits of American corporations are booming. Their growth is nothing short of sensationsl. says Allen Sinai, chief economist at Shearson Lehman Brothers. Numerous analysts and brokerage houses echo his enthusiasm. The superlative tossed out byNYT - 758 words
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Article, Illustration320 1987-10-13 17 UPI BRITISH TYCOON Sir Isadore "Jack" Lyons was freed on bail last Friday and ordered to return to court next month to face nine criminal charges, including the theft of £3.25 million from the Guinness brewing firm. The 71-year-old multi-million-aire was released byUPI - 320 words
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Article115 1987-10-13 17 HONGKONG All Industrials Hongkong Index Monday 2392.90 Fridoy 2574 15 Week ago 2614.18 Hong Song Index Monday 3900.17 Friday 3882 42 Week ago 3944 24 Monday 3258.3 Fridoy 3314.6 Week ago 3365 8 NEW YORK Dow Jones Fridoy 2482.21 Thursday *****4 Week ogo 2640 99 TOKYO Nikkei Average115 words
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458 1987-10-13 17 NYT THE CARNATION CO has agreed to pay US$l3 million to settle a lawsuit cootending that company officials had issued false statements about negotiations when the food-prod-ucts company was acquired by Nestle SA in 1964. Class action suits filed by Charles Taplin andNYT - 458 words
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Page 17 Advertisements
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Advertisement17 1987-10-13 17 botflae row. I -r-i Tliers are only 8 toys lift to nominate The Beslnessman of the Year.17 words
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Advertisement88 1987-10-13 17 Let BT show you the I ropes for effective management every Monday BT, Singapore's biggest business daily, has two full pages on Management every Monday. This is essential reading for all successful professionals and executives. Incisive management news is ferreted out by our trained writers who comb the sectors and88 words
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LATE FILE
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Article47 1987-10-13 18 UPI THAI KING Bhumibol Adulyadej yeeterday opened a week-long Conference of the Inter-Parliamentary Union (or mora than 000 mam bar* of national parliamenta from around the world. The conference reinetated the Philippinea and expelled Burundi aa member* of the 90-year-old union. UPIUPI - 47 words
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Article51 1987-10-13 18 Reuter NORTH KOREA asked again yesterday for direct talka with South Korea over its demand to be joint hoet to the 1900 Olympic Qamea. Pyongyang haa threatened to lead a communist bloc boycott of the game* unless its demanda to host some events are met.Reuter - 51 words
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Article37 1987-10-13 18 AP AUTHORITIES were flying back to Rangoon yeaterday the bodies of some of the 49 people killed when a Burmese airliner taking tourists to an ancient capital caught fire and crashed. APAP - 37 words
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Article62 1987-10-13 18 UPI THE FIRST Concorde of Air Franca carrying 63 German and Swiss tourists landed in Katmandu yesterday and 7,000 people gathered at the airport to see the supersonic aircraft Before allowing the Concorde to land, Nepalese airport authorities required that Air France agree to pay any damagesUPI - 62 words
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Article44 1987-10-13 18 AP HUNGARIAN leader Janos Kadar talked about reform yesterday with China's Premier Zhao Ziyang, who said it will take a long time to realise China's objective of building a society founded on democracy and a complete legal system. APAP - 44 words
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Article46 1987-10-13 18 Reuter INDONESIA should decentralise its economy by giving more decision-making power to the provinces, a group of leading economists recommended yesterday. In a report presented to President Suharto, they said the government more small industries should be established to mop up unemployment.Reuter - 46 words
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Article48 1987-10-13 18 AP SUDAN will attend an emergency Arab summit to be held Nov 8 in Jordan's capital, Amman. The state-owned television said on Sunday that Jordanian Education Minister Dougan Hindawi conveyed an invitation from King Hussein to Sudanese Supreme Council President Ahmed El-Mirghani. APAP - 48 words
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Article27 1987-10-13 18 UPI ROTARY International yesterday announced it is contributing US$l9 million for an immunisation campaign in India against polio and other vaccine-preventable diseases. UPIUPI - 27 words
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Article, Illustration478 1987-10-13 18 JEFFREY TSANG - By JEFFREY TSANG TELECOMS' operating revenue climbed 3 per cent in the last financial year to $1.05 billion as rate reductions were more than offset by double-digit growth in the use of its services. "The emphasis will be to provide top grade service478 words
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446 1987-10-13 18 Reuter UPI INDIAN PARATROOPERS were dropped into Jaffna yesterday to help ground forces battling house-to-house to flush out Tamil rebels, Sri Lanka's state-run radio reported. Military sources in Colombo said Indian peacekeeping troops used heavy artillery and tanks against stiff resistance from LiberationReuter; UPI - 446 words
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108 1987-10-13 18 AP JAPAN and the US began talks yesterday on selection of a new jet fighter for Japan, a Defence Agency official said. High-ranking officials from the Japanese Defence Agency and the US Defence Department met representatives of McDonnell Douglas and General Dynamics Corp, twoAP - 108 words
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Article83 1987-10-13 18 AP WALL STREET stocks declined broadly yesterday morning, picking up where it left off in last week's steep drop. The Dow Jones Industrial Average fell 11.26 points to 2,470.95 in the first hour of trading. Losers outnumbered gainers by about three to one in the overall tallyAP - 83 words
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Article144 1987-10-13 18 Bernama UNITED ENGINEERS (M) Bhd is appealing to the Malaysian Supreme Court against the High Court's dismissal of its application to set aside an injunction stopping the company from signing a contract for the proposed M 53.4 billion north-eouth highway. The company is also appealingBernama - 144 words
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262 1987-10-13 18 Reuter SOUTH KOREA'S Parliament overwhelmingly approved a new democratic draft constitution on Monday, clearing the way for a national referendum on the charter and free presidential elections in December. The document, drawn up by representatives of both ruling and main opposition parties, was passedReuter - 262 words
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124 1987-10-13 18 Reuter THE CANADIAN government has called out a 6,000-strong security force in Vancouver to protect the Commonwealth Heads of Government during their biennial meeting in the city. As Commonwealth feeders began arriving yesterday. the security forces braced for possible violence in plannedReuter - 124 words
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333 1987-10-13 18 Reuter JAPANESE banks are planning for up to four contracts to be listed on a planned Tokyo financial futures exchange. despite uncertainty over the nature of such a market, banking sources said. The contracts being discussed are yen-dollar, short-term Euroyen and Eurodollar depositReuter - 333 words
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401 1987-10-13 18 UPI AP PHILIPPINE President Corszon Aquino yesterday raised for the first time the possibility she may declare martial law if it is "for the grester good of the country". Thousands of workers walked off their jobs yesterday, but a general strike celled by leftistUPI; AP - 401 words
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84 1987-10-13 18 AFP THE 1967 NOBEL Prize tor Medicine has been awarded to Susumu Tonegawa of Japan tor his discovery of the "genetic principle for generation of antibody diversity", the Stockholm Karolinska Institute announced yeeterday. It said Mr TOnegawa. 48, had managed to explain the body's capacityAFP - 84 words
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Page 18 Advertisements
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Advertisement170 1987-10-13 18 FULLY FURNISHED EXECUTIVE OFFICE for the mere price of a room! Complete facilities telex fax, copier word processing, secretarial services, conference room, answering service, long snort term lease you name it! Your inspection enquiries welcome WORLD WIDE BUSINESS CENTRES (S) PTE LTD 11-04 06 Peninsula Plaza, Tel 556 1769 Space170 words
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Advertisement427 1987-10-13 18 •31; VIM =1 A M MH A' N i Singapore, November 2 6 3,1987 making service your competitive weapon us/'ng the moments of truth OBJECTIVES Everybody talks about service... very few manage it This workshop wiM introduce an exciting new way of thinking about service a dramatic reappraisal of what427 words
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SHIPPING TIMES
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474 1987-10-13 19 LINDA CHEE - By LINDA CHEE THE TRANS-PACIFIC race has shifted into full gear with improved services to win more cargo. The latest to fine-tune their schedules are Sea-Land and the three-line joint operation by Neptune Orient Lines, Orient Overseas Container Lines and Yamashita474 words
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231 1987-10-13 19 "K" LINE is to reduce last year's colossal trans-Pa-cific losses of 17 billion yen (US$llB million) to 5 billion yen this year. Its joint service with OOCL and NOL is breaking even while the independent Far East/US southwest service is close to231 words
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182 1987-10-13 19 THE TRADE Development Board has compiled a directory of shipping services which are available in Singapore. It is part of TDB's effort to promote Singapore as a distribution hub for the Asia-Pacific region. The directory is divided into eight main geographical areas Africa,182 words
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PORTSIDES
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166 1987-10-13 19 AFP FIJI'S tiny Navy took delivery of two former oil rig tenders in Suva which will be refitted for patrol work among the South Pacific nation's more than 300 islands. A military spokesman said that military leader Colonel Sitiveni Rabuka formally took possession ofAFP - 166 words
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Article75 1987-10-13 19 Reuter SHIPPING SOURCES in the Gulf said six of Iran's 10 oil loading berths at its Kharg oil terminal are now unusable after a series of Iraqi air raids, while a seventh could be used only by shallow-draft ships. But Iraq is seen as holding backReuter - 75 words
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419 1987-10-13 20 Lloyd's List GENSTAR CONTAINER looks set to become the world's largest container lessor following the agreement by its present General Electric Credit Corporation to acquire Gelco Corporation in a deal worth US$25O million. Gelco owns CTI until recently the world sLloyd's List - 419 words
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Article243 1987-10-13 20 AFP INCREASED hostilities in the Gulf States area prompted consumers to secure supplies last week, even though loading in the dangerous northern waters brought huge insurance premiums. Iran was reported seeking large units to cover its own exports from the area, and Japanese charterers were busy seeking andAFP - 243 words
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Article116 1987-10-13 20 Reuter CARNIVAL Cruise Lines will sell Nosira Shipping Ltd to Mountleigh Shipping Ltd for an undisclosed price. Nosira, which owns the Bolton Steam Ship Co Ltd. is one of the oldest privately-owned British companies. Carnival said it would now concentrate on its core cruise vesselReuter - 116 words
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419 1987-10-13 20 Reuter THE UNITED STATES is satisfied with the facilities Gulf states provide for its Navy in the waterway, US Energy Secretary John Herrington said. "We are getting what we need from the Gulf states such as shiprepairs and logistic facilities. WeReuter - 419 words
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Article733 1987-10-13 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrons 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 IX 5 ASCI733 words
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Article1155 1987-10-13 20 CONFIRMED details emerged for recently rumoured grain business from the US Gulf to the Continent on Friday, while unconfirmed talk circulated the Biffex floor that a higher rate had been paid on the Gulf/Japan grain trip, brokers said. A firm U5517.50 was said to have been made for1,155 words
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183 1987-10-13 21 JURONG SHIPYARD has won $10 million contract to lengthen and convert two reefer ships for J Lauritzen A/S. Work on the Samoa Reefer and Tunisian Reefer will start in December and the vessels should be completed by late January 1066. A new mid-ship section183 words
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203 1987-10-13 21 KINGSLEY WOOD - From KINGSLEY WOOD THE TRADE Practice Commission of Australia has finally turned down a rationalisation scheme proposed by three shipping companies operating in the Bass Strait trade. The commission said the suggested joint venture in the Australian mainland-Tasmania trade between ANL, WM Holyman and the203 words
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133 1987-10-13 21 Reuter BELGIAN Customs Officers stopped a toxic-waste ship, target of Greenpeace antipollution protests, from leaving Antwerp port on Sunday because its papers were not in order, police said. The US-owned incinerator ship Vulcanus II broke off an operation to burn 2,000 tonnes of toxic wasteReuter - 133 words
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8805 1987-10-13 26 §®aap(!Eß 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 Port8,805 words
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Article1139 1987-10-13 27 AT CONVENTIONAL WHARVES VmmI Bar* Arrival Dapariun KEPPEL WHARVES K34 otongnd* IS 10.7300 8oh.ni K32 olongsKj* 2310/1300 kronen Boy *27 olong»do 1310/0800 M<0" K36 otong»d* 1310/1500 Kolo Sagor K30 olonguda 1310/7300 lm Patoling 3 KI9 olonguda 1310*600 Monilo KIS otong»da 1410*700 Potori. Eno* K20 otonguda 1410/3300 to/oh1,139 words
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Page 19 Advertisements
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Advertisement618 1987-10-13 19 *»!*<• at XI Published by CAcntKldge WW ORIENT CotUaUm LINE IE SNIPfIM MEMOES (Ron. No. MM/ 00K) 200 Cantownont tad #12-05 Soumpotnt. Singapore 0201 Tol 221 Vll TELEX NO RS ***** TEMINAI/CfS Tol *****18 220 BOOKIN6S Tal *****34 235 PESAKA JARMNE SHIPW4C AGENCIES SM. MO. PORT KELAN6 TEL 3MIII Total618 words
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Advertisement71 1987-10-13 19 GENSTAR CONTAINER looks sot to become the world's largest container lessor following the agreement by its present General Electric Credit Corporation to acquire Gelco Corporation in a deal worth US$25O million. Pege H JURONG SHIPYARD has won a $10 million contract to lengthen and convert two reefer ships. Pege 11171 words
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Advertisement538 1987-10-13 19 I OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL. *****33 *r MAERSK LINE TRANSIT TIME TO CHARLESTON REDUCED BY 5 DAYS 29 DATS FROM SINGAPORE 34 DATS FROM PORT KELANG 33 DATS FROM PENANG Voy538 words
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Page 20 Advertisements
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Advertisement532 1987-10-13 20 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA iliORSi A EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/ MARSEILLES 16 DAYS SINGAPORE/ BARCELONA (DIRECT) 17 DAYS OUTBOUND TO MEDITERRANEAN VIA FEEDER SfOtt r* I PNC ETA/fTD INBOUND FROM EUROPE/FOR FAR EAST PORTS AM532 words
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Advertisement17 1987-10-13 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.17 words
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Advertisement415 1987-10-13 20 MTO MARITIME TRANSPORT OVERSEAS GMBH EUROPE/FAR EAST CONVENTIONAL SERVICE Further load/discharging ports an routs subject to sufficwnt inducement Marine Tronport Mm SMi BM. T* *****50 Ik ***** MM Fat 23(3302 I Tnmort Mnoaaoort P* Itt 6288 V 8«31>5 MIWEA Fol 2217 M CHARGEURS RE UNI S k-: FUOU VS. A'415 words
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Page 21 Advertisements
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Advertisement672 1987-10-13 21 7 The Straits Steamship Group mm Mansfield Container Shipping Pte Ltd CONTAMERSHP SERVICE TO UK/CONTMENT: STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunai Porta and Bangkok P4o 1. UIVAytL Containers Limited PtCASUS PROGRESS VSBN PEGASUS PROGRESS VWN SPORE O'KOK In Pwt-14 Od M-tf Oct a-a Oct n-M Oct BANGKOK BORNEO AGENCIES672 words
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Advertisement673 1987-10-13 21 Now, "K" Line's Sea Rail service blankets the U.S. A. IQdaystoNew Orleans/Atlanta Transit timos from Taiwan on "K" Lino's PSW route. Seattle Chicago Kcxea New York y Taiwan Singapore Japan LongVBeach Penang Port Kelang When it comes to moving cargo in volume to your consignees anywhere in North America, no673 words
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Page 22 Advertisements
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Advertisement227 1987-10-13 22 CONTAINERSHIP SERVICE TO UK CONTINENT ALSO ACCEPTING CAMO TO ALL UK INLAND DESTINATIONS, BELFAST DUBLIN COPENHAGEN. AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM CARIBBEAN 4 S. AMERICA CONV StM! CONTAINER SERVICE TO EUROPE CONV.SEMI CONTAINER SERVICE TO MED EUROPE m CON T AINERSHIP SERVICE FROM UK/CONTINENT WBl Mw M—B PK S'porv227 words
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Advertisement555 1987-10-13 22 FULLY CONTAINERISED SERVICE tul I Y f.ONIAINIRISID 10 f ROM NIWIM SMIRKA AIM 'OASI fbmnimb vessel au la oak sea vcs CCN 41E/KOREAN SONIS ONE 7X 21/10 31/10 IVII 11/11 20/11 21/11 Wl ME/KOREAN WON IS SEVEN 4SE 1/11 14/11 2MI 2/12 4/12 M 2 HKC 51E/KOREAN SONIS SEVEN 4S555 words
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Advertisement414 1987-10-13 22 nam links express PTE LTD WEEKLY CONSOL TO: PORT KELANG PENANG DEP: EVERY SAT ACCEPTING FCL/LCL TO JAKARTA 17/10 ft 24/10 HONG KONG 17/10 ft 23f10 BANGKOK 17/10 ft 24/10 KEELUNG/KAOSHIUNG 18/10 ft 25/10 MANILA 16/10 ft 25/10 BUSAN 15/10 ft 22/10 TOKYO/YOKO 16/10 ft 25/10 LO SYD. MEIB, A414 words
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Advertisement845 1987-10-13 22 ||t MHi nil EVERGREEN Round-The-World East Bound (FF./CARIB/USFC/EURO/FE) EVER GENTRY EVER GLEAUY EVER GOLDEN EVE* GROWTH EVE* GENIUS EVU GREET EVER UNKING ALSO ACCEPTING I 1) MOWBUKt I SGP HKG KSG HI uot am nm am nm am vm am am wi vu vu lW Wl UIU wi aiu atu845 words
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Page 23 Advertisements
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Advertisement660 1987-10-13 23 PACIFIC INTERNATIONAL LINES »V\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE 1 |S In jjS! VOY SM MY M« SM MV MM im m M om hMrt 14/ it mho tm M itnt itnt itnt •Mi km tint t*nt itnt660 words
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Advertisement483 1987-10-13 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT «u IfU Ml wi um aw w wi wi w aw ioi aw aw aw aw aw aw aw aw Ma w vi w m w aw uw uw mw uw uw uw uw aw aw aw aw aw aw aw aw483 words
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Advertisement420 1987-10-13 23 I r f A S DJAKARTA LLOYD INDONESIAN NATIONAL LINF EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY SPORE BILBAO ANTWERP N'Ki ■ATARAMOBM 12-1401 KUTAVUMB s-an* StfWUAYA/ZWB S4A2 NFK BAL NYC NOU NOU 18-HOB *11 7/12 14/12 20/12 u-moi 1- a/12 4/1 w m Agents Telephone 5353??2 SmgiDore l*A JATA420 words
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Advertisement339 1987-10-13 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR 1* HTONEYNA V22BN PAGAN VUM (Burmese National Line) Loading for Rangoon S pore P.Ktlang Ptnang Bangkok 11/13 Oct 25/27 Oct 14/UOd BANK LINE NORTHBOUNO TO UKC SPORE ROAM HULL HMK CLYDEBANK VZIN 14/10 9/11 12/11 i/U FORTH RANK V2ON 21/10 1111 26/11 22,11 TAMAITAI339 words
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Page 24 Advertisements
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Advertisement1122 1987-10-13 24 K"LinE SHIPPIfIG-DfiTfl RTLRriTkC CDRST (Round-The-World Service) RAINBOW BRIDGE V 9 NEPTUNE GARNET VU •PK/PNG SPORE Sid 11 Oct 17 Oct 23 Oct NFK NYC 19 Nov a Nov Nov a Nov PACIFIC SOUTH-WEST FEEDER VSI *PK/PNG SP MOTHER VSL LA/LI OAK CNICACO RAINBOW BRIDGE V 9 SM 16 Oct MANHATTAN1,122 words
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Advertisement782 1987-10-13 24 AUSTRALIA EXPRESS CONTAINER SERVICE AooapNng PCL/FCL CwMmn fmdm PMM* Ilmt Vmml S son IkWb fim Sf*i Alto Aonpt T PRAFUUA" Kis «0a tN« II Nw II N» AM'Sm "CM A *0i DAS" UNm 27 N» lOk 4Ok AM/tra T PRAFUUA" a No. UOk aOk fl Ok AM/tm INDIA EXPRESS CONTAINER782 words
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Advertisement599 1987-10-13 24 GOLDEN LINE GUAM GUAM SHTTMG (fit) LTD 2). StoMt smuem iim m utmt <u net) Far sm STRAITS/PERSIAN GULF SERVICE: S-port P.KataafPm OOLDCN HA VIM Catanbo/MradH/tM» 19/21 Od OOLDCN WON OCR Colombo, Karach./Out* 11/U Nw CHINA SERVICE A VESSEL Hsmfcant/Shanrf* U/» Oct CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S599 words
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Advertisement513 1987-10-13 24 ■n VO PHILI OfllfNT UN€S PT( LTD Mf SO Of I Cf 13 HOBINSO* HfiAQ -o; BO A BUUOING SlNCflf'OHf oi'.f ifi(> PS ?87?o rnm tai ,!"F mm mm BEIRA. TAAIATAVf ■l I lIIMII L' UK EUROPE SERVICE TfN 2MS LATTAMA, KNGHA2 TNTOU. MM port sab. piraeus. VALfTTA. AO€N. DJMUTI513 words
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Page 25 Advertisements
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Advertisement774 1987-10-13 25 NEPTUNE AGENCIES PTE LTD. Twwtrnl CH mm z&us FE EU/AUST TPA/SEA SWB VtOU vmn vm» vmu vmm ORIENT LINES LTD FAR EUT/H»off FULLY CMTAMERttB «YIK TO EUROPE/UK (VIA SUEZ): I r— I NEPLINE SON BHD MM RDM NEPIINC SON. BHD. »i«S3 NEPLINE SON. BHD NEPLINE SON. BHD. mmam 1 TO774 words
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Advertisement497 1987-10-13 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI CONT AINERISFD DIRECT SERVICE TO P KEI ANG. PENANG. BUSAN INCHON Vssssl 1 9 Hams J' I NoION/7UN 10/10 11/10 2fU i|U No t OtmmPVn 19/10 22/14 «U W No IM/7MM 2*lo *M 11/11 I*ll N. MarfriN/TMN *11 0-7/11 I*ll I*ll No 7 OtnmUm497 words
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Advertisement626 1987-10-13 25 I SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. KDUMS POMNG WS HANDLING SYSTEM CO SOU. INO. MUSKS HAJ THONG SNIPPING 177 runju Str«t626 words
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Advertisement27 1987-10-13 25 Agent Freight Management Regular reliable seafreight consolidation service to all ports in RECEIVING CARGO DAILY AT PSA BLK 37 Call: *****11 —*Mr Richard Khoo Ma Adalina Ho27 words
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Page 26 Advertisements
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Advertisement292 1987-10-13 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (30 Lines' FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAO VE.B DE UTF R ACHT/SE EREEDERE I RnSTi INTEGRATED FULL CONTAINER SERVICE MyMLiiiiMirmi an-niv'yn.v m arkona mm TNAIUMN 5*7 ~*Acc«*m| cargo tor Hoi* Kong, Oman. Tokyo292 words
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Page 26 Miscellaneous
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Miscellaneous181 1987-10-13 26 *-c/ °b f r 01 o Regional Weather a l! £1 £7* c m, »n/ m 5 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. °c cf w Wind direction with speed in knots Wove height LEGEND: R Thunderstorm Temperature c X\ Shower Weather Wind d*ection with speed181 words
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Page 27 Advertisements
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Advertisement348 1987-10-13 27 ....to IST CI ASS CONTAINS R TRANSPORT ScanDutchtt TO EUROPE (UK-NORTH CONTINENT-SCANDINAVIA) WEEKLY 17/10 15/10 15/10 17/10 24/10 25/10 I 22/10 24/10 31/10 29/10 29/10 31/10 l/U 5/11 I 5/11 1/11 14/11 12/11 112/11 14/11 2*lo «/ll 21/10 12/11 2/11 11/U SOI 2*ll I*ol 302 ILILf^LiiXI^LIJEC 1001 101 wi 1101348 words
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Advertisement666 1987-10-13 27 UN I PACIFIC TRANS. TRADING AGECY PTE. LTD. 0 IRAQI LINE '4. vs*» (o* EAST BOUND SERVICE ETA STORE LOAMNC FM W**K ISflt (P.KELAN6) JAPAN BASTION 2VU JAPAN WEST BOUND SERVICE CTA S POtt LOAMNC FOR ALfARAM m» J***. A«aka. h ALIIAZI mm MMt A-ta. TWRQUCH Mj to BAGHDAD UPON666 words
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Page 28 Advertisements
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Advertisement287 1987-10-13 28 Hai Sun Hup Co (Pte) Ltd n TEI *****06 (20 Linos) TLX RS 220f>1 K RS ***** t I \s| I K\ \K I l\! K III) WEEKLY CONVENTIONAL i HEAVY LIFT SERVICE FROM SINGAPORE/PORT KELANG TOKYO/OSAKA NAGOYA/KOBE CAR CARRIER SERVICE TO MUARA/KUCHING ft KK Loading at appropriatad Bartti P4-P5287 words
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Advertisement403 1987-10-13 28 SMN> SOCIETE MAURICIENNE DE NAVIGATION LTEE INDIA OCEAN, SOUTH/EAST AFRICA REGULAR SEMI-CONTAINER SERVICE E2E311 LOADING FOR 27-3*lo Pt Louts, Rounion, Durban, Capetown, Pt Elizabatti, Ta Of»r»i Agetui SEALION SHIPPING(S) PTE LTD TEL *****81 (7 lines) TELEX R*****4 SELION FAX *****41 Ahik* Oct an Liwts Lid. rrzrWJi MV HJOM V.DI MY403 words
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Advertisement158 1987-10-13 28 r WEEKLY CONSOL SERVICE TO/FROM KEELUNG ACCEPTING LCL CARGO ONLY ETD SPORE ETA MELUNC CON-CARRIERS IW7 21/10 Z7lO CON-CARRIERS I7|C7 Z7/M 2/U CON-CARRIERS 1107 4/11 10/11 WEEKLY CONSOL SERVICE TO MELB/SYDNEY ETD S TORE ETA SYD ETA HELI CON-CARRIERS Z307 14/10 *U WU CON-CARRIERS 24/17 Z7/M 10/11 *11 Alm nutting158 words
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Advertisement650 1987-10-13 28 Will CALL US AT: P. KELANG PENANG J. BAMRU P. GUDANG SINGAPORE K. LUMPUR *****122/4, *****3 07-241 M 07-*****3, *****5, *****0, *****1 02-*****22 242 m WEEKLY FAR EAST/EUROPE CONTAINER SERVICE I iL lIE -JJ r vr r vn rrr iiiF" AA*t»lK, AMSTERDAM ANTNERF, BASU.WV WEMERHAVEN. COPENHAGEN. HELSINKI MALIK) OSLO STOCKHOLM.650 words
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