The Business Times, 12 November 1987
1987-11-12
1
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The Business Times
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Title Section11 1987-11-12 1 BUSINESS TIMES MCI (P) 112/12/86 THURSDAY, NOVEMBER 12, 1987 75 CENTS11 words
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Article153 1987-11-12 1 Overseas markets Wednesday HK Hang Seng Index 2046.18 (+2.94 Tokyo Nikkei Average *****.76 (-649.70) Sydney All-Ordinaries 1150.5 (-52.9) Tuesday New York (Dow Jones) 1878.15 (-22.05 London (FT 30 Index) 1246.9 (+14.9 (Wednesdaynoon: 1289.6; +42.7) Exchange rates US$: 134.35/45 yen 1.6660/70 DM SS2.0450/60 US$1.7835/45 M$: S$0.8193/82 Simex Euro-S153 words
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99 1987-11-12 1 Reuter POLITICAL UNCERTAINTY in Malaysia is having a negative impact on domestic and foreign investment, a regional survey of bank chief executives says. The survey by Egon Zehnder International, which gave no figures, said bankers wanted to see Malaysia deregulate its banking sector andReuter - 99 words
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Article, Illustration539 1987-11-12 1 CHUANG PECK MING - TRENDS POINT TO MORE GROWTH UP TO YEAR 2000 By CHUANG PECK MING THE ASIA-PACIFIC will see higher growth up to the end of the century, Prime Minister Lee Kuan Yew said yesterday. But this rests on America keeping trade open539 words
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402 1987-11-12 1 A REVOLUTIONARY CHANGE now underway in the global economy will leave the US no longer the dominant economic power, said Prime Minister Lee Kuan Yew during question time. When Americans awaken to that reality, they will ask why they should continue to shoulder the402 words
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322 1987-11-12 1 UPI THE HOUSE of Representatives. which nearly approved a controversial get-tough amendment to its version of the trade bill in April, has voted not to abandon that position during talks with the US Senate. On a 239-175 vote on Tuesday thatUPI - 322 words
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595 1987-11-12 1 LORETTA McLAUGHLAN - By LORETTA McLAUGHLAN IN A BID to ensure that investors adhere strictly to the new delivery and settlement rules and that short selling is thoroughly outlawed, the Stock Exchange of Singapore has threatened to take disciplinary action against stockbroking firms which595 words
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Article, Illustration377 1987-11-12 1 ELAINE KOH - By ELAINE KOH SHARE PRICES in Singapore fell for the second day running yesterday as weakness in the regional markets dampened sentiment further. Most of the losses were suffered by blue chips as institutions continued to sell. The Straits Times Industrial Index shed 23.86 points to377 words
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339 1987-11-12 1 BUOYED by President Ronald Reagan's remark that he wanted no further decline in the greenback, the dollar staged a mild rally yesterday against the yen. the West German mark and other key currencies In Tokyo, the dollar closed at 134.35 yen. 0.70 yen339 words
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Page 1 Advertisements
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Advertisement102 1987-11-12 1 >{%\\`@.$%:%[%--'/;':?*()`$?&?{ No other hotel in Singapore can welcome their guests with more real opulence and resort-like surroundings. Or guarantee that every room has the solid business comforts and luxurious amenities expected of a grand deluxe hotel. It also has one of the best equipped and beautifully staffed business centres in102 words
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Advertisement292 1987-11-12 1 More reports, Page 2 mm MEDICAL CONVENTIONS are txptded to account for an increasing share of the exhibitions and conventions business here. HOME NEWS. Page 2 THE sharp rise against the US dollar since late 1985 hurt Japanese exports, but helped spur the domestic economy by keeping down commodity prices292 words
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Advertisement70 1987-11-12 1 Japan's concern over the crash THE STOCK MARKET CRASH may not have as great an impact on domestic consumption in Japan as it might in the US. But lower US demand and other indirect effects of the crash are worrying for the Japanese. And the Japanese know that the effects70 words
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Advertisement280 1987-11-12 1 Rodenstoch Quality before your eyes Full report, Page 14 World markets, Page 17 Bonvests, Lum Chang call off rights issues, Back Page Two US investment houses hard hit, Page 17 Further fall in Aussie business confidence, Back Page Australian companies may be in for re-rating, Page 7 Hock Lock Slew,280 words
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HOME NEWS
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570 1987-11-12 2 PATRICIA M SCHERSCHEL - By PATRICIA M SCHERSCHEL Financial Editor NEXT YEAR, Singapore and its fellow "little dragons" of Asia will see a slowdown in their economies and an acceleration in the restructuring of their trading relationships. Over the longer term, "the positive factors that have570 words
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Article153 1987-11-12 2 PUBLIC SERVANTS need to understand that achieving quality in service is a pre-condition for raising productivity. Permanent Secretary (Community Development) Koh Cher Siang told staff of the Ministry of Community Development (MCD) and other ministries at the MCD's productivity convention yesterday that quality is an153 words
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424 1987-11-12 2 PAUL GOPAL - By PAUL GOPAL THE COMMUNIST INSURGENCY in the Philippines poses the "most active threat" to the security of the Asian-Pacific region, the US Ambassador to Indonesia, Mr Paul Wolfowitz, said yesterday. A communist victory in the Philippines would be a serious424 words
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273 1987-11-12 2 THE TWO major bus companies and the operator of the Mass Rapid Tranait (MRT) system intend to implement a common ticket system as soon as possible, once reliable and proven equipment is available. It will probably take at least two or273 words
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Article70 1987-11-12 2 TO FAMILIARISE the public with nine other Mass Rapid Transit (MRT) stations due to open on Dec 12, there will be another series of station open days. The Mass Rapid Transit Corporation said these will be on Nov 14 and 15 for Novena/Newton; Nov 21 and 2270 words
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252 1987-11-12 2 MEDICAL CONVENTIONS are expected to account for an increasing share of the exhibitions and conventions business in Singapore. According to Economic Development Board chairman Philip Yeo, about a dozen such events will be held here over the next five years, bringing in about 35,000 doctors252 words
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Article, Illustration287 1987-11-12 2 MICHAEL CANNON has been appointed vice-president, Far East operations, data storage product group, of Control Data Corporation. Mr Cannon, 35, is a graduate in mechanical engineering from the Michigan State University. In his new role, he will be responsible for the group's storage product activities in the287 words
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Page 2 Advertisements
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Advertisement512 1987-11-12 2 Prompt pick-up and delivery 24 hours a day 11l 1 Singapore is rapidly becoming the intelligent island of the 1990'5. A dynamic business community of interactive computers and communications. Will your business be ready? It can be now, with an intelligent, productive mainframe from NEC When you choose an NEC512 words
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ASIA-PACIFIC
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Article831 1987-11-12 3 ARRIVALS Operator Service Local From number Hmo OA OA472 0015 SYD/AAEl THAI TG481 0025 IKK SIA SQ11 0115 LAX/NRT IC IC555 0655 MAA MAS MH681 0820 KUL MAS MH811 0910 PEN AAAS MH67I 0920 KUL SIA SQ103 0950 KUl AC AC858 0950 YYZ/LHR/BOM CPA CX710 1015 CGK831 words
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357 1987-11-12 3 Reuter TO FUEL growth, developing Asian countries should encourage direct foreign investment and stop producing import substitutes for their home markets, Asian Development Bank (ADB) president Masao Fujioka said. He made the remarks in a speech prepared for delivery at the Seventh BusinessReuter - 357 words
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314 1987-11-12 3 Japan lowers interest rates to boost demand AP THE YEN'S sharp rise against tha US dollar sinca lata 1965 hurt Japanasa exports, but halped spur tha domestic economy by keeping down commodity prices and thus boosting personal spending, the Bank of JapanAP - 314 words
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196 1987-11-12 3 Reuter JAPAN must diversify its exports away from the American market as its relatione with the US have reached a crisis, a senior Japanese official said on Tueeday. "We have a kind of crisis feeling," Noboru Hatakeyama, director general of the Ministry ofReuter - 196 words
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Article95 1987-11-12 3 AFP PRIME MINISTER Noboru Takeshita's Cabinet, less than one week old, has scored a relatively high 56.6 per cent in a nationwide opinion poll, Kyodo News Service said on Tuesday. The rate of support was the highest ever gauged by Kyodo's pollsters for a Japanese CabinetAFP - 95 words
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Article95 1987-11-12 3 AFP THE EUROPEAN Community (EC) has become China's leading supplier of technology, providing 45 per cent of Beijing's total imports of such items this year, the official China Daily said on Tuesday. China signed more than 100 contracts with the EC this year for high technologyAFP - 95 words
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Article71 1987-11-12 3 AFP PHILIPPINE companies, particularly those involved in manufacturing, are planning to expand operations in the coming year in spite of political unrest. A poll by the Makati Business Club among 395 businessmen last month showed that 60pc of respondents planned to expand up until early 1969. Manufacturing accountedAFP - 71 words
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377 1987-11-12 3 Reuter AN INVESTMENT liberalisation policy and high economic growth rate will help Taiwan to attract record foreign investment this year, officials said yesterday. Investment commission chief secretary Wang ChihKang said in an interview the investment reached a record US$l.l6 billion in the firstReuter - 377 words
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275 1987-11-12 3 Reuter FOR THE ninth time since Soviet troops marched into Afghanistan in December 1979, the United Nations Genersl Assembly on Tuesday called for the immediate withdrawal of foreign troops from that country. The vote on the resolution, sponsored by nearly 50Reuter - 275 words
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Article96 1987-11-12 3 Reuter FUl's crisis has been provoked by inadequacies in the Pacific island's British-style constitution, an international research organisation said yssterday. The London-based minority rights group said in s report that Fiji's "Westminster system of government is not geared to accommodate power-shsring or to protect minorities". Colonel SitiveniReuter - 96 words
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Page 3 Advertisements
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Advertisement215 1987-11-12 3 I T f I Yl The business person's choice, every I I II I II I Tuesday. Thursday, Saturday and I Mm 1 Ml I I M Sunday. Leaving Changi Airport at A 22:05 hours and arriving at Lester B. Pearson International Airport the following day. Call your Travel Aqent215 words
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Advertisement51 1987-11-12 3 Japan outapokan an warfd aconomlc affairs, Paga rt "WII idb r International Property Consultants Real Kstate Agents Valuers Auctioneers Property Managers Project Managers j m S#9 V. tw Vi iR)ra world of experience... Jones Lang Wootton 65 hulia Street 39-03 08 OCBC Centre Siagaporr 0104 Telephone $*****8 Telex R*****8 Fax51 words
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Page 3 Miscellaneous
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Miscellaneous60 1987-11-12 3 Doonesbury m 9f: 1 w m ft Ti r m s» 'J 35Q HPS NOT COMMITTING, PHIL. Ha SAYSHBIAJANTS TO (OORKOUTA SETTLEMENT U/fTH *2* ♦A BY GARRY TRUDEAU HE SAYS OH? HOUIPOES HPS HNtSHBP HB PROPOSE TALKING TO WE TALK >XXJ "HARDEN V V INMATE." i as NS MSNTD KWH&V60 words
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Page 4 Advertisements
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Advertisement364 1987-11-12 4 Vibration test Twisting test Bending test NISSAN X >v vH V 7 N jfilK-' J >.~~0 •i **js. *v V ,;V i4v.:r7w.- jx V The twisting, bending and vibrations shown in the above photos have been magnified for your easier understanding. SHAKEN AT THE DESIGN STAGE SO YOU WON'T GET364 words
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REST OF THE WORLD
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114 1987-11-12 5 AP AMERICAN air travellers, for years frustrated and furious about poor service, have received the first in a series of monthly performance reports on the nation s 14 largest airlines. The US Transportation Department statistics, released on Tuesday, showed that almost one-fourth ofAP - 114 words
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Article399 1987-11-12 5 FT THE FUTURE of East-West trade has seldom looked less promising, according to an analysis of current trends by the German Institute of Economic Research. The Berlin institute said yesterday that exports by OECD members to the seven European Comecon nations fell 9 perFT - 399 words
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313 1987-11-12 5 AP A CONGRESS on small enterprises has opened in Belgrade with calls for reducing curbs on private business as a way to resolve Yugoslavia's growing economic and social problems, the Politika daily reported on Tuesday. The congress, the first such meeting to discuss theAP - 313 words
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146 1987-11-12 5 UPI VIOLENCE in the US against Asian-Americans is growing and could soon "explode into a national tragedyJapanese-Ameri-can members of Congress told a House of Representatives subcommittee hearing on Tuesday. The violence against teenage Asian-Americans is prompted by jealousy over their superior grades inUPI - 146 words
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Article, Illustration488 1987-11-12 5 Reuter PRESIDENT RONALD REAGAN s call for a halt to the dollar's decline has failed to dispel suspicions that Washington is willing to let the currency fall further until it can forge a new international economic package. The dollar yesterday rebounded from itsReuter - 488 words
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212 1987-11-12 5 AFP A CONGRESSIONAL STUDY shows that America's rich are paying less in federal taxes than they did 10 years ago, while the poor are paying more, and the gap was widened by last year's tax overhaul. The study, published on Tuesday by the non-partisanAFP - 212 words
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Article308 1987-11-12 5 Reuter KREMLIN LEADER Mikhail Gorbachev's economic reforms could bolster the Soviet armed forces and narrow their technology gap with the West, according to a major East-West military studies institute. The annual military balance review by the International Institute for Strategic Studies (IISS), released in LondonReuter - 308 words
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Page 5 Advertisements
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Advertisement69 1987-11-12 5 ggp« HF >hp i mtsr. -iV #<v <• -A.atsssnggg 4> 4+* W&s m >s«^= A v'~: *~~V i* v i s? -n j?» > K Denim Lacquer. The latest Dupont lighter. S.T. Dupont Distribution PTE Ltd. 1 North Bridge Road No. 07-03 High Street Centre. Singapore S.T. Dupont Corner Level69 words
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Page 5 Miscellaneous
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Miscellaneous84 1987-11-12 5 YSS/Z "Sf/ rc) Adoloide 22/10 Amstordam 06/04 Albans 20/09 Bahrain 27/22 Bangkok 30/24 Barbodos 31/24 Baling 14/06 23/13 Bolgrodo 18/08 Boriin 06/04 Bormuda 26/21 Bam 11/07 Brisbane 26/19 Branch 10/02 Buenos Aires 22/14 Cairo 23/12 Calgary 16/-05 Canberra 11/11 Caracas 28/19 Chicago 06/-02 Cop*hogen 06/05 Darwin 31/27 Dubfln 11/08 Frankfurt84 words
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MONEY AND EXCHANGES
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Article1349 1987-11-12 6 SINGAPORE: The US dollar closed mixed against major currencies yesterday after early gains on some short-covering gave way to selling interest in the afternoon, dealers said. They said trading was thin because of a lack of fresh factors, the partial holiday in the US yesterday for Veterans Day1,349 words
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Article253 1987-11-12 6 Asian dollar deposits closed steady at opening levels in quiet afternoon trading yesterday, dealers said. They said most operators were sidelined in the afternoon due to lack of fresh factors and in view of the partial holiday in the US yesterday for Veterans Day. The market is253 words
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Article880 1987-11-12 6 CURRENCY FUTURES OPTIONS IMM Tuesday, November 10, 1987 BRITISH POUND C2S.000; c SMt Caiia-Sew enta par C la Pi* t» tttttlj Prtca 1725 Oec-c 6.30 imn-c 6.90 Fofr-c Dec-p 0.90 Jan-p 1.90 !7 50 4.35 5.30 1.45 2.75 3.35 1775 2.85 3.95 4.60 2.40 1800 1.95 2.90 3.80 1825880 words
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Page 6 Advertisements
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Advertisement100 1987-11-12 6 WELCOME TO The Board and Management of Par Golf Pte. Ltd. extend a warm welcome to Dr. and Mrs. Y. Katayama, who are on a visit to Singapore, Malaysia and Indonesia. We are proud to have established Maruman as the leading brand in Singapore, Malaysia, Indonesia, Hong Kong, Thailand and100 words
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Advertisement48 1987-11-12 6 i^d 9 I S To The Departmental Manage: Radio Services Marketing Telecoms C ustomer Services Centre (Comcentre Branch) 31 Ejeter Road Singaporeo923 Tel 7X2360 Fax *****72 PLEASE SEND ME MORE INFORMATION ON THE NEW RATE RADIO MEMO PAGER "fetecoms RADIO MEMO SERVICE CALL 730 2360/730 3490 FOR ENQUIRIES.48 words
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BANKING AND FINANCE
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Article125 1987-11-12 7 Gold futures on Nov 10 100 troy ounces; USS per troy ounce Op«n Lam MM* No» 441.00 -0.90 Ok 441.30 443S0 457.80 442.40 ■0.90 ion 444.60 444.60 444.40 445.00 -0J0 Hb M 446.00 449.70 443J0 468.30 -080 Apr 471.00 475.30 449.00 473.90 -0.80 Jun 475-SO 47? JO125 words
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Article582 1987-11-12 7 DECEMBER Eurodollar opened 4 ticks higher at 92.54 on Simex yesterday but was traded mostly sideways after US Fed official's comment that the Federal Reserve Board is holding monetary policy steady and won't cut the discount rate soon and a weaker Japanese stock market. Prices drifted between 92.52 and582 words
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Article126 1987-11-12 7 AFP BANKS in Bangkok and Taipei have moved to the top ranks of Asia's banking industry, exhibiting the greatest potential for growth next year, a survey covering 140 bank chief executives in the region shows. For the third year running, the bankers voted Tokyo theAFP - 126 words
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Article33 1987-11-12 7 Reuter AMERICAN banking regulators, reacting to an emergency financing package stitched together late last week, have decided not to lower Brazil's credit rating, an administration source said on Tuesday. ReuterReuter - 33 words
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Article, Illustration334 1987-11-12 7 SOH TIANG KENG - By SOH TIANG KENG i. Financial Correspondent OVERSEA-CHINESE Banking Corporation has not suffered any significant adverse effects from the global stock market crash, Mr Yong Pung How, the bank's chairman, said yesterday. "The stock market crash has not affected the loans and investments334 words
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Article84 1987-11-12 7 Treasury bills Period Issue Yesterday's dosing Day's code Maturity WD OfftR HKM LOW 3 Hmrtta &Q*****N 11.2.88 3.62 3.57 3.62 3.53 6 mm«h» BS*****S 21.4.88 3.63 3.58 3.61 3.58 1 year BY*****S 22.09.88 3.70 3.65 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code84 words
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Article, Illustration177 1987-11-12 7 Indicates the average of the prime lending rates ol 12 major banks in Singapore Interbank market rates (offer/bid) on Nov 11 us$ DM SWFC Y«n 7 4eyi 13/14 11/1* 7/14 3/14 3 3/4 a/« a 1 3/4 3 11/14 1 m* *7/t 3/4 IS/14 13/14 3 3/4177 words
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285 1987-11-12 7 FT THE COLLAPSE in share prices worldwide hss led Australia's main credit assessment agency, Australian Ratings, to warn of an imminent downgrading of the debt of some of Australia's best-known corporations. Australian companies, led by well-known entrepreneurs such as Mr Robert HolmesFT - 285 words
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Article56 1987-11-12 7 THE OVERNIGHT rate on the Singapore interbank market was unchanged at 4 per cent yesterday. The one. two and three-month term rates rose s uniform 1/8 point S$ Interbank rates at 7pm yesterday: arm mo Owmgh 4 3 7/1 1-north 4 1/1 4 2-mrth 4 4 M 456 words
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Page 7 Advertisements
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Advertisement297 1987-11-12 7 The best-sell ina laptops around' he world 5^ f.x Q> 0 W** '.:V RH £%>>:* ff V "j> thanks to our very high technology. The superchip. It's tiny. We developed it for use in all the computer functions of our satellites. And the benefit in space of our superchip micro-technology297 words
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COMMODITIES
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Article185 1987-11-12 8 SINGAPORE The market closed slightly higher yesterday with December 1 RSS buyers quoted at 206.25 cents a kilo, up 0.75 cents from Tuesday's close. On the TSR-20 market, trading was dull but prices were marked up slightly. December TSR-20 closed 0.50 cent higher at 201.50 cents a kilo. MALAYSIA185 words
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Article256 1987-11-12 8 RAS prices in 8 ewiMg, FOB In t»l« NOON CLOSE Buyors SeJIen Bwyors Soil*n Int 1 RSS Prompt 207.00 208.00N 207.00 208.00N Int 1 RSS Doc 87 206.00 206.50 206.25 206.75 Int 1 RSS Jon 88 206.00 206.50 206.00 206JO Int 2 RSS OP 206.00 208.00N 206.00256 words
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Article75 1987-11-12 8 f poSlt) DECEMBER 87 JANUARY 88 (currant month) (forward month) RAS NOON NOON •wyws t-M Iwycn SSt 30 207JO 309JO 207JO 209JO SU 50 306.00 306.00 206.00 308.00 MRELB lvy«n S#|ltn tvyrt S#N#fS SMS cv 262-50 264JON 263.50 365JON SMS I 363.00 265.00N 264.00 366.00N SMS 575 words
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Article443 1987-11-12 8 Crude palm oil futurM closed marginally steadier in moderate trading on the Kuala LumpurCommodity Exchange yesterday. Dealers attributed the better prices to short-covering, adding that the market undertone was still strong. Malaysia's CPO October production was reported to be down and this further aided market sentiment, they noted.443 words
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Article100 1987-11-12 8 Tha Kuala Lumpur Tin Mart at flrmad another savan cants yasterday to ctoaa at M 117.50 a kilo In modaratoly acttva trading, daalars said. Suatalnad Europaan and Japanaaa damand, again Influancad by currancy factors, accounted for tha rlaa, thay aald. Local Intaraat ramalnad light Final turnovar Incraaaad sharply100 words
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Article60 1987-11-12 8 PETROLEUM products in the Far East continued to look wreak yesterday, despite the slight rebound in crude prices. Dubai (Ok) Wm Turn USt/borrwl 16.55 +oia WD (Dad 11.93 030 Products (FOB S'pore) USS/borral Oon«. It—— 23-55 m* Com! 21.30 -003 Way ImMm, LSWt 17.3J -0.30 NapMho* UU/Mm60 words
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Article181 1987-11-12 8 Reuter CBT soybean futures rallied and posted gains of four to two cents a bushel at the close on Tuesday. January settled two cents higher at $5.55-1/4. after making a high of $5.57-1/2 earlier. Traders said the rally may have been spurred by a late rebound in Wall StreetReuter - 181 words
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Article175 1987-11-12 8 Reuter CBT wheat futures closed on or near session highs on Tuesday from up 2-3/4 to 1-3/4 cents per bushel. December finished $2-3/4 higher at $2.87-1/4. Traders said volume was light, but steady mixed demand kept prices firm for most of the day. Sentiment was firm on expectations thatReuter - 175 words
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Article316 1987-11-12 8 HONGKONG: Gold closed little changed in fairly quiet trading yesterday. Bullion ended unchanged from the opening of U*****.50/462.00 an ounce and compared with New York's final 461.40/90. On the local market, gold finished $12 higher at HK54,302 a tael. Coins were generally higher with Krugerrand rising $5 to316 words
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197 1987-11-12 8 Bernama SOUTH KOREA has been urged to import more Malaysian rubber as over the last two years. Malaysia's share of the Korean natural rubber market has declined although total tonnage has increased. Chairman of the Malaysian Rubber Exchange and Licensing Board, DatukBernama - 197 words
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Article195 1987-11-12 8 Bernama THE COFFEE. Sugar and Cocoa Exchange of New York plans to introduce trading in crude palm oil futures contracts on an FOB basis. Victor H De Mayo, an economist with the CSCE, said a feasibility study will be conducted soon to determine theBernama - 195 words
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Article239 1987-11-12 8 Chinese Produce Qoring price* en Nov 11 Exchange (US$/tanne, FOt) Setter* noon dosing pd Nov 11 (SS/100 kg) Iom on White Rice 100% 1«t dOM 315 Coconut oil 100% 2nd dOM 283 M FOt 93.00 100% 3rd dam 278 Old drum FOt 103.00 5% 273 New drum FOt239 words
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Article302 1987-11-12 8 London Commodity Exchange poronflhoiii. Coflii to* tn-ttorm London, M«on option OF London Nov 1260/1261 Ugh/Low (1248/1253) 1260/1246 ion 1292/1293 High/Low (1283/1285) 1294/1280 SoUi (1136) Cow Ooc 1101/1102 High/Low (1091/1092) 1104/1095 Mar 1135/1136 Ugh/low (1125/1126) 1137/1128 Satot e Iu (3530 No6FO» (USS/tom) Ok 169.6/170.0 Kgh/Low 171.0/169.0 'wgh/Low 176.0/176.2 177.4/175.0302 words
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Page 8 Advertisements
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Advertisement335 1987-11-12 8 NEW SEASONS HIGH POINT Shop at the Shopping Gallery at the I lilton and win I 4 double return air-tickets to the fashion capitals of the world. I A TESTONI ITALIAN SHOES LEATHER ACCESSORIES AD-HOC AMERICAN DESIGNER S KXTIQUE AIZIA DISCOVERIES ANTIQUES ALFRED DUNHILL COMPLETE FASHION UNE BOUTIQUE TWO M335 words
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Advertisement158 1987-11-12 8 X 5& The opening of Union Bank of Finland's Singapore Branch marks the consolidation of the presence in Asia of Finland's oldest bank, which this year celebrates it 125 th anniversary. Union Bank of Finland is Finland's leading international bank holding AAA rating. The new Branch complements the international banking158 words
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FOCUS
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658 1987-11-12 9 Reuter JAPAN, after decades of maintaining a low profile in world economic affairs, is beginning to stand up and speak for itself. The change, though gradual and far from complete, has become more striking in recent weeks as world stock marketsReuter - 658 words
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Article841 1987-11-12 9 LEONARD SILK - Focus is on leadership today that magical quality which inspires confidence and which is the crying need of the hour. Europeans are looking across the Atlantic for a resurgence of American leadership to prevent the current global financial crisis from becoming a worldwide slump. JapanNYT - 841 words
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Article, Illustration787 1987-11-12 9 NYT HAVING SPELLBOUND the country with his charisma during most of his first two years in office, Peru's president, Alan Garcia, is now seeing his popularity fall amid growing disenchantment with his government. Mr Garcia, 38, continues to dominate the political stage with his energy andNYT - 787 words
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Page 9 Advertisements
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Advertisement207 1987-11-12 9 Frankfurt, Germany She was beautiful. Long and lean, with smooth curves and more on-board computer systems than an ocean-going yacht. Without question the star of the show. And at one of the biggest Automotive Fairs in the world, that was some achievement. She did have an unfair advantage, though. I207 words
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PERSPECTIVE
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Article528 1987-11-12 10 COULD YOU sign your work with pride, ask the Productivity Month posters plastered about town. The answer must for most Singaporeans be 'yes', if we are to go by the findings of research organisation Business Environmental Risk Information Ltd (Beri). Singapore's worker attitudes, according to Beri's528 words
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Article, Illustration1145 1987-11-12 10 STEFAN WAGSTYLE - The initial cost of the stockmarket crash to Japan is low. It is business as usual and domestic consumption is not expected to decline sharply. But the Japanese know that the effects have yet to work themselves out, reports STEFAN WAGSTYLE. STEFAN WAGSTYLE FT WATCHING THEFT - 1,145 words
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668 1987-11-12 11 Reuter THE CASE Augustine Ruzindana remembers best is that of the civil servant who claimed expenses for driving his car 30,000 km in a single month but forgot to include any repairs or servicing. In another case, the education officer in oneReuter - 668 words
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Article, Illustration852 1987-11-12 11 Robert Evans - The most glittering event on the Kremlin social calendar is the traditional reception marking the anniversary of the 1917 Bolshevik revolution. But this year's banquet was far more than a routine event. Robert Evans reports. Robert Evans Reuter 010 SOVIET LEADER Mikhail Gorbachev's friendly three-minuteReuter - 852 words
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Page 10 Advertisements
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Advertisement184 1987-11-12 10 When you buy a MITSUBISHI WE BACK OUR CARS FOR LIFE you'll run into some nice surprises. Now when you purchase a brand-new Mitsubishi Galant 1.6 GLS from us you're privileged to all these: FREE sports rims and tyre change •A Blaupunkt Melbourne SQR 26 radio cassette player Rust-proofing 2184 words
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Page 10 Miscellaneous
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Miscellaneous27 1987-11-12 10 Rn StcW: ftaaX lacJienC -f^ 0 ScK"! TWO m^Tsrgg 3 R BftT c" *crn GXRCTLS/ if >you G€iT roCtf?G. ThRH ONC PRon rrn? ITS Considered BATCH ,6^27 words
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Miscellaneous1184 1987-11-12 10 to m mm 11.15 The Pleasure's Yours. 12AM World News. 12.15 Assignment. 12.45 The World Today. 1.00 World Ntwi 1.09 A Letter from England. 1.15 Citizens. 1.45 Sports Roundup 2.00 Newsdesk. 2.30 Discovery. 3.00 Outlook, opening wMi News Summary. 3.39 Stock Market Report. 3.45 Here's Humphl 4.00 World News. 4.091,184 words
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Page 11 Advertisements
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Advertisement62 1987-11-12 11 COMISION FEDERAL DE ELECTRICIDAD (CFE) US$lOO,OOO,OOO FLOATING RATE NOTES DUE 1988 In accordance with the provision of the Notes, notice is hereby given that for the six-month interest period from 13th November 1987, to 13th May 1988, the Notes will carry an interest rate of IV*% per annum and the62 words
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Advertisement489 1987-11-12 11 SMALL STAKES When it's a choice to word processing, 1 between affordability, financial analysis and capability and reliability, spreadsheets, CAD/ logic dictates the best applications and communications, deal-the ACER 910 Made wHh care personal computer Designed for easy You're looking for a per- operation, the ACER sonal computer-one to cope489 words
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Page 11 Miscellaneous
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Miscellaneous735 1987-11-12 11 CRYPTIC PUZZLE ACROSS 1 Obstructions, but they can help runners get started (6) 7 What you need to spot something better than a birdie? (5. 3) 8 Push a man on board? (4) 10 Aa a composer, jaw about sn opus (6) 11 Star actors upset (6) 14 Belgium's apace735 words
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SPORTS & LEISURE
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Article, Illustration508 1987-11-12 12 AP TIHE ORGANISERS of a group in tte US whose aim is to help minorities get into major league management positions say they think commissioner Peter Uebberoth and team owners will work with them. Formed during the weekend by about 50 blacksAP - 508 words
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137 1987-11-12 12 AFP AUSTRALIA'S World Cup hero Steve Waugh has shrugged off suggestions that he is now the world's best all-rounder after his bat and ball exploits in India. "Not with Imran Khan, Kapil Dev and Richard Hadlee still around but perhaps one day,'' WaughAFP - 137 words
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Article, Illustration450 1987-11-12 13 AP THE U*****,000 Benson and Hedges Tennis Tournament kicked off in Wembley on Tuesday with victories for a pair of seeded players, plus a Soviet qualifier who said he was already preparing for next summer's Olympic Games. Israel's Amos Mansdorf. seeded No 6, downed NigerianAP - 450 words
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Article, Illustration318 1987-11-12 13 UPI SOME OF THE PGA tourstop money winners were on hand for the start of the US$6OO,OOO Kapalua International in Hawaii yesterday. but the darling of the fairways for the 72-hole event was Jack Nicklaus. For golf afficionados on the island of Maui,UPI - 318 words
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Article336 1987-11-12 13 AP BRAZILIAN Nelson Piquet may already have clinched the World Drivers' Championship but the 16th and final round o! this year's Formula One Grand Prix motor racing season will be of paramount importance to those drivers yet to secure a contract for 1988 Piquet, theAP - 336 words
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Article142 1987-11-12 13 AP TREVOR BERBICK. former Canadian and World Boxing Council heavyweight champion, says he is heading back north of the border later this month to fight American Robbie Evans in Halifax, Nova Scotia Halifax promoter Sonny McPhee said yesterday that the co-main event on the proposed NovAP - 142 words
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Article633 1987-11-12 13 WALTON MORAIS - Jranklif. speaking.... WALTON MORAIS THE DECISION by the Professional Golfers' Association of Singapore to fine and suspend M Marimuthu and Chua Guan Soon for misbehaviour and then to disallow Muthu a chance to appeal is troubling. For one thing, the PGA appears to have633 words
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Article167 1987-11-12 13 AFP JANSHER KHAN kicked off the US$6O,OOO US Squash Open with a routine victory over Stuart Hailstone of England in New York on Tuesday. The Pakistani world champion won 15-13, 15-7, 15-4 in just over 30 minutes. Australia's Chris Robertson, the world number five, easilyAFP - 167 words
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Page 12 Advertisements
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Advertisement1015 1987-11-12 12 ,< if/ H m r wr?y C-J > /V MING COURT HOTa DIAN XIN BUFFET •> *J r:---•r V. fc. Our Dion Xin buffet lunch spread will also include authentic Cantonese dishes like Braised Beef Brisket in brown sauce, Red Braised Chicken in vinegar, Fried Black Fungus with shredded meat1,015 words
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Advertisement207 1987-11-12 12 is H -s Scandinavia at The Belvedere The Belvedere's Scandinavian buffet luncheon. An incredible selection of more than 60 authentic favourites from Denmark, Sweden and Norway. November 5 to 30. 12.00 to 2.30 pm daily. Adult: $31 /Child: $15+ 77* management reserves the '3/7~ f right tn chatty? the programme,207 words
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Page 13 Advertisements
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Advertisement279 1987-11-12 13 :*-4 f m Is c_J in •o ■mw. The charms of Austria return. With the Hannes Trio. Our Austrian Food Festival from November 6th to 21 st otters an extensive selection of authentic Austrian favourites, while the talented and renowned Hannes Trio will entertain with the famous sounds of Vienna279 words
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Advertisement184 1987-11-12 13 I I I T —I —I —I —I —l CANTON GARDEN A Free tim sum basket Over 50 varieties of tim sum to choose from. And a basket of har kow is on us when you bring this coupon with you for lunch*. Valid till 20th Nov '87. Reservations: 338184 words
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Advertisement65 1987-11-12 13 This announcement appears as a matter of record only 9 Cm) Italian-Thai Development Corp Ltd U556,000,000 Standby Letter of Credit Facility Arranged by Kansallis International Bank (Asia-Pacifio Ltd Standby Letter of Credit Issuers Copenhagen Handelsbank a/s, Singapore Branch Kansallis International Bank (Asia-Pacifio Ltd. National Westminster Bank plc Lending Bank and65 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4201 1987-11-12 14 SHARE PRICES fell acroes the board for the second suoceeslve day in moderate trading aa sharp falls in the Tokyo stockmsrket again triggered another round of selling. The Strsits Times Industrial Index loet 23.86 points to close at 780.83, just two4,201 words
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Article261 1987-11-12 14 Rises SINGAPORE Indices TOM Hno M loi PMCNf M 213 60 4 3 ♦a »T Cwnl. •T Ot OS •t cadi No* 10 ***** •232 -6931 No» 11 ***** -241 -7033 Falls •T 10-doy MA -6740 -6772 »TO«V *****34 *****5® Uen Corpr SPH 0 s 1 c261 words
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Article3851 1987-11-12 14 SECTION ONE MOUSTRML a COMMERCIAL Aaoo II .03 6 1.04 S) 1121 104 (II UD 1171 IXC 111 I .OS (31 I OB SI 10« 071 I 03 Amal Stool 50« 11XB 02 119 MOI I 20 15» 1 21 123 122 a I IS3,851 words
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Article230 1987-11-12 14 MYCOM Berhad: 20th AGM at Suite 1205, 12th Floor, Pernaa International. Jalan Sultan lamail. ***** Kuala Lumpur on Monday. Nov 16. at 10am. UAC Berhad: 24th AGM at No.9 Jalan SS13/4, Subang Jaya, ***** Petal ing Jaya on Tuesday. Nov 17, at noon. SOUTH MALAYSIA INDUSTRES Berhad: 16th230 words
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COMPANY NEWS
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Article, Illustration349 1987-11-12 15 Scripless trading thorny issues lie ahead mm® HOCK LOCK SIEW TAKE AWAY share certificates and you take away all the grief caused by failure to comply with the new delivery and settlement system. Once the main board goes scripless, problems over delivery of scrip will become problems of the past.HOCK LOCK SIEW - 349 words
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275 1987-11-12 15 RECENTLY-RELISTED United Pulp Paper Co. which has admitted to surviving on a "hand-to-mouth" basis, is going ahead with its five-for-one rights issue of 65 million shares. UPP. which is asking shareholders to cough up 25 cents for each rights share or $16.25 million in275 words
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Article126 1987-11-12 15 G Lumber chief raises slake GENERAL LUMBER (Holdings) Bhd's chairman Wan Azmi bin Wan Hamzah has raised his stake in the company from 8.13pc to 14.5pc. He recently bought 2.9m shares in the open market for an unstated sum. Purchase of Haw Par sharea NONE OF the directors126 words
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Article, Illustration418 1987-11-12 15 AMY BALAN - By AMY BALAN THREE-AND-A-HALF months after it announced its share-swap offer for property company First Capital Corporation, United Industrial Corporation is set to own its first listed subsidiary. In an announcement, UlC's adviser, Citicorp Investment Bank, said that as at 2pm418 words
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Article, Illustration342 1987-11-12 16 ELAINE KOH - Uptrend expected to continue for second half By ELAINE KOH A STRONGER economy has boosted C K Tang Ltd's first-half pre-tax profits by a healthy 55 per cent to $2 85 million and the coming festive season promises to continue the trend. The342 words
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352 1987-11-12 16 Bernama ES THE MALAYSIAN government has about 900 companies, most of which could be divested to the private sector, an investment conference was told yesterday. The director general of economic planning unit in the Prime Minister's department, Oatuk Haji Yahya Abdul Wahab, said theseBernama ES - 352 words
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Article237 1987-11-12 16 MBT PUBLIC BANK, which recently acquired full control of stockbroking firm GP Securities, is actively venturing into other financial services in its move to transform the group into a financial supermarket. Public Bank's president and chief executive officer, Tan Sri Teh Hong Piow, disclosed thisMBT - 237 words
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3164 1987-11-12 16 SHARE PRICES on the Kuaj la Lumpur stock market continued to decline across I the board yesterday. Losses were, however, lower than the previous i session, a broker said. The New Straits Times Industrial Index dropped 39.09 points to 1,387.13, its lowest since mid-January3,164 words
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Article279 1987-11-12 16 Manager*' price* for Nov 12 Singapore Unit Trust MS Bank Shomon Gr Fwid* 069 Japan Gr Find* 121 Sh*nlon Thrift Fund* 076 073 126 076 Th* Commmrcw O&S 096 T h* Sovmgi Kind 0.74 OS) S'por* frog Kind 034 0.40 S'por* W Fund 0 57 0 64 S'por®279 words
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Page 15 Advertisements
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Advertisement114 1987-11-12 15 fCAMPACfff Japanese Restaurant Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices arid unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16 per set, they are easy114 words
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Advertisement253 1987-11-12 15 Discover a new route to international markets. :0&m? r «V yj -A ,"&2S PR®.' Xt-IS '"TiM._. Wfc. v:'**' v -V' x are W;-i i f ss»& £#£> When you're set to take on the world, make sure you're heading in the right direction. At Standard Chartered, we are in the253 words
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Page 16 Advertisements
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Advertisement220 1987-11-12 16 5520.0a0.000 Knotting Term loan hacilitv FRASER NEAVE UMITED MOSCOW NMOOMYMNKUMTED a U5530,000,000 IT ALIAN THAI DEVELOPMENT CORP LTD U556,000,000 Standby Letter of Credit Facility m KA.NSAU.Ib INTERNATIONAL B\NK .ASIA PKIEII LTI> UH'ENHAI.EN HANDELSHANK \S SINGAPORE HHVH Kansallis International Bank 'Asia Pun Ln> National Westminster Bvsk pit P.T. INDO-BHARAT RA U5524,000,000220 words
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Advertisement8 1987-11-12 16 Easy Every Friday Section Two The Straits Times8 words
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Advertisement291 1987-11-12 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND CHIANG GUAN (PTE) LTD (IN VOLUNTARY LIQUIDATION) NOTICE OF FINAL NOTICE NOTICE is hereby given pursuant to Section 308 of the Companies Act. Cap. 50 that a Final Meeting of the 1 Members of the abovenamed Company will be291 words
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Advertisement308 1987-11-12 16 SINGAPORE AUTO SUPPLY CO PTE LTD (Incorporated in Singapore) (MEMBERS' VOLUNTARY WINDING UP) NOTICE OF FINAL GENERAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act (Cap. 50) that the Final General Meeting of the Members of i the abovenamed Company j will be held at308 words
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Advertisement313 1987-11-12 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 DELWOOD SINGAPORE PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of DELWOOD SINGAPORE PTE LTD duly convened and held at 20 McCallum Street, #07-03, Asia Chambers. Singapore 0106 on 9th November 1967, the following Special Resolutions313 words
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WORLD MARKETS
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Article1059 1987-11-12 17 New York Reuter WALL STREET posted its third straight declining session on Tuesday, shadowing the dollar much ot the day and continuing to show frustration with Washington's apparent lack of progress in negotiations to reduce the federal budget deficit. The Dow Jones Industrial Average endedReuter - 1,059 words
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Article927 1987-11-12 17 London Reuter BARGAIN HUNTING after Tuesday s strong rally and comments from US President Ronald Reagan that the dollar had fallen far enough sent London shares higher at the opening yesterday. The FTSE 100 Index opened 24.0 points or 1.5 per cent higher at 1,597.5.Reuter - 927 words
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Article1161 1987-11-12 17 Selected indices HONGKONG Hongkong Index Wednesday *****1 Tuesday 1323.37 Week ago *****4 Hang Seng Index Wednesday 2046 18 Tuesday 2043.24 Week ago 2077 11 All Industrials Wednesday Tuesday Week ogo NEW YORK Dow Jones Tuesday Monday Week ago ***** 1875.5 ***** 1878.15 *****0 *****3 TOKYO Nikkei Average Wednesday *****.76 Tuesday1,161 words
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110 1987-11-12 17 Reuter THE FRENCH government on Tuesday unveiled plans to sell off two more stateowned financial firms despite the stock market collapse that had raised fears about the future of its ambitious privatisation plan. As a new wave of panic selling hit theReuter - 110 words
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337 1987-11-12 17 FT SHEARSON LEHMAN Brothers and First Boston, two of the leading Wall Street investment houses, have disclosed that they suffered large losses as a result of the turmoil in the world's equity markets last month. Shearson Lehman announced that it had incurred an after-taxFT - 337 words
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Article607 1987-11-12 17 Reuter AUSTRALIA'S battered share market suffered a sharp fall yesterday, further eroding business and consumer confidence in the economy. Market analysts said more than Asllo billion (US$75 billion), or about 50 per cent, had been wiped off share values since the financial crisis began with the collapee of WallReuter - 607 words
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1478 1987-11-12 17 Hongkong HONGKONG share prices yesterday closed steady on bargainhunting by local investors encouraged by the late rebound in Tokyo. The Hang Seng Index rose 2.94 points to 2,046.16 after losing more than 20 points at midday, while the Hongkong Index was 0.54 higher at 1,323.91.1,478 words
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Article465 1987-11-12 17 TOKYO share prices closed sharply down in thin trading yesterday, but wall off thair lowa, becauaa of continued concern over the US economy and Wall Street The rebound, which recovered about half the day's lossea in 45 minutes, was inspired by rumours that the big four Japaneee securities houeee465 words
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Article157 1987-11-12 17 Reuter THE SECURITIES Exchange of Thailand Index dropped 12.34 points to 313.91 in thin trading yesterday. The SET said 58 stocks fall, one roee and seven were unchanged, end most stocks hit the 5 per cent limit low. NOV 11 BAKT Ao Kham Thai 173 -4 Ayudhya Inn—>wi W.Reuter - 157 words
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Article242 1987-11-12 17 NOV 11 1 KTI 2.91 -0 09 Koltn Kuochan Dav.. Laa Chang Yuan 30.90 .41 JO 29.70 •0.6 -1J •09 63.00 -1.5 36 50 •1 1 64 00 -1.5 N*n Ya Plot 57 50 •1J 176.00 unch 54 00 -1 5 Chang Loong Chi* Haln Camant 50 00 46242 words
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LATE FILE
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Article92 1987-11-12 18 AP THE HONGKONG government announced yesterday that lan Davison, a former chief executive of Lloyd's of London, has been appointed to head a committee to examine the operations of the colony's stock and futures exchanges in the wake of the recent stock market turmoil. TheAP - 92 words
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Article62 1987-11-12 18 AP DIRECT FOREIGN investment in South Korea in the first 10 months of this year more than tripled to a record US$B3O million from US$24B million in the same period last year, the Finance Ministry reported yesterday. The January-October investment on an approval basis exceededAP - 62 words
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Article59 1987-11-12 18 AFP JAPAN and the US are coordinating plans to increase aid for the Philippines. Assistant US Secretary of State for East Asian and Pacific Affairs Gaston Sigur said in Tokyo yesterday that the increases would be in accordance with Philippine needs and carried out inAFP - 59 words
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46 1987-11-12 18 Bernama-ES THIRTY-FIVE Malaysian gov-ernment-owned companies have been offered either for sale or foreign equity participation, according to a project synopsis compiled by the Malaysian-Arab Trade and Investment Conference secretariat. The companies are involved in property, agriculture. trading, financing and manufacturing activities.Bernama-ES - 46 words
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Article64 1987-11-12 18 Reuter CALIFORNIA Appeals Court Judge Anthony Kennedy may be named by President Ronald Reagan to fill a vacant seat on the US Supreme Court. Mr Kennedy. 51, is considered a moderate conservative. He met Mr Reagan, an acquaintance though not a close friend from MrReuter - 64 words
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Article72 1987-11-12 18 AP ARAB LEADERS yesterday ended a four-day summit that forged a new unity, condemned Iran for seizing Iraqi territory and demanded an immediate ceasefire in the seven-year-old Gulf War. The strongly-worded final communique by the first fully attended Arab summit in five years, despite Syrian effortsAP - 72 words
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Article, Illustration710 1987-11-12 18 LEE HAN SHIH - URA's 'gentle persuasion fails' By LEE HAN SHIH Property Correspondent THE OWNERS of Raffles Hotel, among them DBS Land and the Oversea-Chinese Banking Corporation group, may have lost the chance to extend the venerable hotel beyond its historical boundaries. For years, they had710 words
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465 1987-11-12 18 LISA LEE - By LISA LEE TWO PUBLICLY-LISTED companies. Bonvests Holdings and Lum Chang Holdings, called off their rights issues to raise a total of $85 million from an already jittery local stockmarket. In separate announcements yesterday, both Bonvests and Lum Chang blamed unfavourable conditions465 words
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Article94 1987-11-12 18 Reuter COMEX GOLD FUTURES dipped on odd lot selling in thin morning dealings yesterday, with the trading desks at major houses half staffed for the Veterans' Day holiday. December gold was off US$O.2O at U*****.20 an ounce following minor fluctuations from US$462 80 and U*****.60. SilverReuter - 94 words
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Article90 1987-11-12 18 Reuter WALL STREET stocks rallied early yesterday, drawing strength from a steady dollar on foreign exchanges Stocks have been following the dollar's course closely in the past few sessions. The dollar firmed on President Ronald Reagan's statement on Tuesday that he did not want it to fallReuter - 90 words
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Article75 1987-11-12 18 Reuter SOUTH KOREA, traditionally a Confucian male-chauvinistic society, has finally approved of a woman standing for president. Hong Sook-ja, 54, president of the National Federation for Women's Organisations, yesterday became the first woman presidential candidate since the republic recognised universal suffrage in 1948. "Our country'sReuter - 75 words
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297 1987-11-12 18 Reuter JAPAN CUT its overall trade surplus in October for the sixth straight month, but its trade surplus with the US grew and came close to a record. Japanese economists said yesterday that October is usually an active month for exportsReuter - 297 words
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229 1987-11-12 18 Reuter WEST GERMAN Economics Minister Martin Bangemann has written to Finance Minister Gerhard Stoltenberg urging the government to consider taking steps to prevent a weakening of the economy following recent stock and currency market turbulence. An Economics Ministry spokesman said: "The letter whichReuter - 229 words
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234 1987-11-12 18 Reuter AUSTRALIA'S battered share market suffered a sharp fall yesterday, further eroding business and consumer confidence in the economy. Market analysts said more than Asllo billion, or about 50 per cent, had been wiped off share values since the financial crisis began with theReuter - 234 words
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Article198 1987-11-12 18 THE SINGAPORE International Monetary Exchange will introduce two options contracts on currency futures one for yen futures and the other for futures contracts on West German marks beginning Nov 27. Simex began options trading in September with the introduction of the Eurodollar futures contract,198 words
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Page 18 Advertisements
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Advertisement42 1987-11-12 18 Othello collection Only 3,5 mm slim *>■'>. -;te,*s f- M9PS 128 PS RAYMOND WEIL GENEVE J lll*' <)ffuuii WaLh nf tlw !W7 \h\s I >u;vn» I'want itmt 6Scottsßood. #01-16Scotts. IHbw IWIvCZTIUIULJ Singapore 0922. Tel 7373-708 ATSS^i. SOLE AGENT: CRYSTAL TIME (S) PTE LTD42 words
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Advertisement10 1987-11-12 18 Aussie companies may b« in for a re-rating, Page 710 words
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Advertisement369 1987-11-12 18 FOR SALE BY TENDER Byorder of the Owner The Adelphi Singapore (3s. r Ultra modern Office Shopping Complex at 1 Coleman Street 999 year tenure Rare opportunity to buy 15,504 sq. m approx. (171,189 sq ft) 6-levd office tower (originally approved as hotel) and/or 3,929 sq. m approx of shops369 words
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SHIPPING TIMES
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491 1987-11-12 19 LINDA CHEE - By LINDA CHEE THE SINGAPORE merchant fleet, faced with stiff competition from offshore registries of developed countries, will have to rely more on Singaporeowned tonnage and the ability of shipmanagers to tap new overseas sources for future growth. While the effect491 words
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149 1987-11-12 19 AP SOUTH KOREAN shipyards have received orders for 100 ships totaling US$l.35 billion in the first 10 months of the year, up 4.7 per cent from the same period last year, officials said. The Korean shipbuilders association said the total gross tonnage of theAP - 149 words
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PORT SIDES
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Article185 1987-11-12 19 Reuter MEMBER lines of the Association of West India Trans-Atlantic Steam Ship Lines (Witass) have raised the currency adjustment charge for traffic to and from the United Kingdom and Eire to plus 12 per cent from plus 9 per cent, effective Nov 16. The charge for trafficReuter - 185 words
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Article74 1987-11-12 19 COLOMBIA and Peru have joined Inmarsat bringing the membership to 53. Their entry has brought the number of member countries from Central and South America to six, including Argentina, Brazil, Chile and Panama. Telecom Colombia and EntelPeru were nominated by their respective governments to oversee their74 words
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Article140 1987-11-12 19 Reuter IRANIAN gunboats attacked a ship in the southern Gulf on Wednesday, shipping sources said, as Iraq reported its third raid on vessels off Iran's coastline in 24 hours. The regional shipping sources said two gunboats fired at least four rocket-propelled grenades into theReuter - 140 words
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Article84 1987-11-12 19 PRESIDENT of the Institute of Chartered Shipbrokers, Mr PDR Talbot Willcox, will be speaking to members of the Singapore branch tomorrow on the ICS's company membership and educational policy. He will also make some reference to the relationship between the shipping industry and Unctad.84 words
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440 1987-11-12 20 Lloyd's List A DEAL worth more than US$7O million to buy the entire tanker fleet of leading Spanish oil refiner, Cepsa, is being negotiated by A P Moller. The Danish shipowner is set to take over Cepsa's 11 vessel fleet whichLloyd's List - 440 words
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129 1987-11-12 20 Reuter THE WRECK of the US Brig Somers, the infamous ship on which Herman Melville based his novel "Billy Budd", has been found off the coast of Veracruz. Mexico. The ship was discovered beneath 36 metres of water Bkm off the coast on JuneReuter - 129 words
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107 1987-11-12 20 Reuter THE CYPRIOT vessel Eleftheria II was declared a constructive total loss following its grounding in a typhoon oft western Japan on Oct 17, Lloyd's Shipping Intelligence service reported Removal of the wreck will begin shortly by a contractor who will beReuter - 107 words
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532 1987-11-12 20 KINGSLEY WOOD - From KINGSLEY WOOD THE 90,000 DWT Japanese-built crude oil carrier to join the BHP fleet in late 1988 will be the first Australian flag ship to be operated by a crew of 21. Transport general manager Peter Laver said532 words
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Article758 1987-11-12 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III758 words
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Article1351 1987-11-12 20 FREIGHT RATES for Panamax vessels carrying grain from the US generally showed small irregular movements where changed on Tuesday, with a steady US$lB paid from the Gulf to Japan, shipbrokers said. Another vessel was arranged for this voyage at $17.75 but this was reported to involve special load/discharge1,351 words
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361 1987-11-12 21 AFP Reuter WORK stoppages and winds stalled operations at several ports around the world. Ships were delayed in Portugal and India because of industrial unrest while strong winds brought operations at the port of Veracruz in the Gulf of Mexico to aAFP; Reuter - 361 words
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298 1987-11-12 21 Reuter KUWAIT'S main Sea Island oil export terminal, damaged by a missile last month, would be operational within a few days. Kuwait Petroleum Corp (KKJ) officials said. But oil and shipping sources in Kuwait said they had not been informed by KPC when exportsReuter - 298 words
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Article61 1987-11-12 21 GAS NAVAL, Spain's liquefied gas shipping company, plans to add two more gas carriers to its existing fleet of four. Bilbao shipbuilder Astilleros Reunidos del Nervion which has built its present fleet is on the verge of clinching orders for the two 3,250 cu metre61 words
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104 1987-11-12 21 PORTS on the US west coast will move away from stacking containers in terminals in favour of placing them direct on chassis, Mr Christopher Kane of Matson Terminals predicted. "We have long supported and advanced development of stacked handling systems, but104 words
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Article, Illustration563 1987-11-12 21 BY THE YEAR 2020, it has been predicted that the Port of Los Angeles could handle 223 million tons of cargo annually. This is nearly three times the existing figure and is based on the premise that world trade will563 words
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8465 1987-11-12 26 3®aBG)(IEB 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 of8,465 words
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Article140 1987-11-12 26 Thta wMkiv finnft ka nraoartd bv Veritas Pttrol*um StrvicM London» Ths information, minimum and maximum (avals, is bmd #n Mmitad sampias from motor vtiitli analysad in its ■-1 j, J, M M t fU., t M .i!., U laooraionos. Mora comprananstva ruai quality in»ofmstipn is poatafl140 words
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Article1534 1987-11-12 27 AT CONVENTIONAL WHARVES Somudro Joya II il 1211 0700 1211 2300 Sr. Sakt. a 1211 HOC 12 II 2300 u Berth Arrival Seo Pearl 1 a I2IIO80C 1311 0800 •SMI Departure SPC J12 1211 Q80C 1211 1800 KEPPEL WHARVES MARINA WHARVES Al foo u feng,.n ng G1,534 words
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Page 19 Advertisements
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Advertisement535 1987-11-12 19 Sc«**>.' AvatiaU 1 at all Good Bookshops Pubhshec) by Cambridge University Press. UK STP Distributors Times Put>h*hmq Croup Of WW// ORIENT OVEIQEAS CvUtim% LINE MO«TH AMERICA ATLANTIC EXPRESS (ROUND-THE-WORLD ROUTING^ I NYC HFX Voy SGP ILBH CHTON In Pt VU 15/12 17/12 14/12 23/12 19/11 12/12 22/12 24-12 26/12 30/12535 words
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Advertisement62 1987-11-12 19 A DEAL worth more than US$7O million to buy the entire tanker fleet of leading Spanish oil refiner, Cepsa, is being negotiated by A P Moller. Page II WORK stoppages and winds stalled operations at several ports around the world. Page 111 Index to advertisers II Shipping schedules VIII London62 words
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Advertisement693 1987-11-12 19 \r 114tn t TIMES STP Distributors sn*^ 0 8 Sfßl^ SICO MAERSK LINE TRANSIT TIME TO CHARLESTON REDUCED BY S DAYS 29 DAYS FROM SINGAPORE 34 DAYS FROM PORT KELANG 33 DAYS FROM PENANG FeeOe- from! Port 1 Vo s txv* Penana I Malaysia Kelang This wee* Anna M Closing693 words
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Page 20 Advertisements
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Advertisement409 1987-11-12 20 I^3 COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO NORTH CONTINENT FELIXSTOWE ETA iMiTta VILLE D£ LEVANT FINNTRADER VILLE DE JUPITER ROTTERDAM ETA m 23/12 2a Also accepting cargo to all U.K. destinations. Scandinavian (Aarhus Copenhagen Gothenburg) and other European Inland points 1409 words
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Advertisement17 1987-11-12 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.17 words
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Advertisement401 1987-11-12 20 CHARGEURS REUNIS SINGAPORE F NOUIBIFS 2??374J FA* 22SS8S1* Optorg Shipping Pte. Ltd i Port Kplang 36&7001 2'3 Petalinq Java 7t>7'>6o3| Penang *****5 Loading (or S port Penang D6N C Town *Rk> Santos M'video Aires S.O. ESTERO 2/12 30f121/l«fl MENDOZA LA RKWA IVU 1/1 «a 17/1 22/1 SAN LUIS CATAMARCA II401 words
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Page 21 Advertisements
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Advertisement1049 1987-11-12 21 The Straits Steamship Group Mansfield Container Shipping Re Ltd STRAITS SHIPPING Singapore to Sibth, Sarawak, Brunei Ports and Bangkok raocLjH P&O Containers Limited #W! Ml «I W Ml mu I*l2 12/12 M/ 12 a/12 13/12 I*l2 17/12 I*l2 2*12 I*l2 n/12 a/12 w »i 2 21/12 2*12 27/12 ***** *021,049 words
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Advertisement576 1987-11-12 21 EUROPE SEN ATM LINK USA/PANAMA 6ERMAN SEIATOR lid. nHi MI TAfWAM SENATOR ¥mw ZMI 2t.11 LLllLL^lti ACCEPTIM CANM TO/FROM SFO. LAI OH. MA. Ul TA* NTC AM ML other rorrc m ra TO USA/CANADA WEEKLY FULL CONTAINER SERVICE 12/11 15-16/U FEEDER P. MADISON V 139 13/11 12/11 P PIERCE V576 words
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Page 22 Advertisements
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Advertisement267 1987-11-12 22 SE CONTAINERSHIP SERVICE TO UK/CONTINENT Hapag-Uoyd COPENHAGEN. AARHUS. GOTHENBURG. MALM). HELSINKI. OSLO. AMSTERDAM CARIBBEAN 4 S. AMERICA CONV SEMI CONTAINER SERVICE TO EUROPE CONV SEMI CONTAINER SERVICE TO MEU EUROPE mm SOUTHEAST ASIA PTE. LTD. INTERNATIONAL FREIGHT FORWARDERS CONSOLIDATION SERVICE WEEKLY FROM FT. KELANG Accepting FCL and LCL Singapore: BIRKART267 words
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Advertisement756 1987-11-12 22 Jt&.&LINE iff* tmftmt ct»r—Atfm M=»H* FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ Member ot the Ace Consortium mim FROM ['JROPE VIA SUEZ A ol the Ace Consorts iDIIY CONTAIN! RISED 10 (ROM NORTH AMf RICA WSI COASI CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL LEADBON V.44 KUANTAN S PORE LOADING FOR756 words
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Advertisement1207 1987-11-12 22 EVERGREEN Full Cnntjmpr Srri Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SCP HKC KSC KLC PUS OSK TYO KSN CHS NTC ever growth i« pi I*ll I*ll ani I*l2 I*l2 2*12 wu living/ever grand 17/u 21/11 23/11 2*ll am xm *11 ccmus wi »u 2iu «u mu m in EVERCREET W W W1,207 words
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Page 23 Advertisements
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Advertisement444 1987-11-12 23 PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL MAJAPAHIT GOWA KOTA EAGLE VESSEL SEA HAWK SEA DHAOOM SEA HAWK SEA ORAOOM VOY SIN jkt SBv VOY SIN pgo mkg kao kee htc yok ngo kob bus 13SB IS/11 IS/11444 words
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Advertisement277 1987-11-12 23 M NORBULK NORBULK CARGO SERVICES LTD. r REGULAR CONVO)TIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS TO: INDIA/PAKISTAN PORTS SWK/SABAH BARBARA MORGAN NBT-12 In Port NBT-13 15/11 LOADING FOR TU Tl /MA NGALORE mqlr/kandla TO: JAPAN PORTS LOAOING FOR OSAKA/NAGOY A/TOKYO TBN -LOADS INDONESIA PORTS SPORE MARATHON UNITED AGENCY PTE277 words
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Advertisement568 1987-11-12 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT S POtl F KLANC STON NAM I HAVtN ROAM HAVK Frankfurt Eigriu 14/11 12/11 (U lIU U! MI HI OmU by I*ll 11(11 1/12 14/12 12/12 12/12 14/U Kitaaw Haru 22/11 2*ll U/U IVI2 17/12 17/12 B/12 Urji by 2*U 1/12 IVI2568 words
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Advertisement578 1987-11-12 23 DJASAGETRI A Joint Europe Service Of: P.T. OJAKARTA LLOYO P.T. GESURI LLOTB P.T. SRMBOERA INOONESIA e P.T. TRIKORA LLOYD EXPRESS SEMI CONTMNERSHIP SERVICES ASKL/VOT WHOA BHAKTIIWO 1 u. oo* T »*.:j««e $tnnMTUS«t OCEAN PRIMA/WO 10-I*ll 13/12 27 2*ll n-xmi m 20-22/12 w u-rnu an Sublet to InduownwiL Alao accepting cargo578 words
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Advertisement358 1987-11-12 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) S'pore •SITTWAY ¥33 11/13 Nov PAGAN warn 13flt Nov PA-AN ¥117* a/23 No* Discharging only. Loading for Rangoon P.Kelang Penang Bangkok 1601 No* g3 BANK LINE NORTHBOUND TO UKC IVYBANK V2ON PRO-ATLANTICA VIN (CALLING LEIXOES 1/1) TAUSALA SAMOA VIIN MORAYBANK V4N358 words
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Page 24 Advertisements
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Advertisement1317 1987-11-12 24 LL K"LiriE SHIPPtfIG DPITfI ATLAnTIC COAST (Round-The-World Service) •RK/PNC SPORE LB CHLS NFK NYC HFX BRwVuN F iSwf VS u£! N V 5Dw 15 I? D« 19 Dec 23 Dec BROOKLYN BRIDGE V 5 14 Nov 19 Nov 12 Dec 22 Dec 24 Dec 26 Dec 30 Dec •VIA FEEDER1,317 words
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Advertisement752 1987-11-12 24 /u AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers PKotong linor »*u*< S port IMb Frooi Sy&n Abo Act) 7 Doc 20 Doc 29 D*c 27 Doc AM/Brn CHANOIDAS Vi 9 ?I Doc Sjir it; r 12 j»r Add/Bns INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Smpporo P K«an| Ptnong LoaOmf752 words
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Advertisement757 1987-11-12 24 n STRAITS/PERSIAN GULF SERVICE: OOIDCN WONDER Colombo Karachi Dammar* GOLDEN BEAR Colombo Karachi Dubai B*hr»m CHINA SERVICE A VESSEL X.npi Shanfhai BAI YUN SHAN Shanghai DAI YUN SHAN Tsi GOLDEN LINE GUM GUM SHHfING (PTE) LTD UKJim*«TM'm > S»»U (II IMS) Far SM3SM PKelang Penang 11/11 No* 20/22 Nov »/30757 words
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Advertisement485 1987-11-12 24 .A A. iiIVJ I lIHUVJ) IUIU9UOJ, iIUVCIUUCI 14| XJU I PHIU-OniCNT LIN€S PT€ LTD HE AO OFFICE 63 ROBINSON ROAD *07 1? A r RO ASIA BUILDING. SINGAPORE 01C5 TELE* RS ***** PHIII fA* *****7|> EAST/FAR EAST ETA SINGAPORE m/ii. a/n 502. W DUBAI OAMMAN KUWAIT. DOHA. MUSCAT. BAHRAIN. ABU485 words
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Page 25 Advertisements
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Advertisement916 1987-11-12 25 NEPTUNE ORIENT LINES LTD cwun« SUEZ). PKataag Spore Havre F'ttowe *'dam (1V11) 17,11 4/12 5-12 6,12 (2IVn) 22,11 m 2 U/U 12/12 tt Jmm <27,U) 2 U 17,12 IWU It/12 6/12 12 <»12> K/12 (5,12) 1,12 2*12 30)12 27 12 CHAMCI J4W (11,12) 13/12 31/12 1/1 2/1 AT cargo will916 words
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Advertisement533 1987-11-12 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN, INCHON VetMl s Name ITO BS BKK K EntcrpriM/MN 11/10 05/11 No 7 Donam TOM a/10 OS/11 No 6 Donam/711N 04,11 No Donam/70IN OS/11 11/11 No I Donam 709N K/ll 27/11 M Enterprise 715N 7C/11 M/l? Calling533 words
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Advertisement789 1987-11-12 25 M 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 ***** PENANC f WLAWC MESSRS HAI THONG SHIPPING 127 Pent* Shoot. P-™ S S .'WM? $TsTal 00789 words
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Page 26 Advertisements
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Advertisement276 1987-11-12 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (30 Linesi FAX *****39 *****76 TELEX RS ***** A/B SSCMA RS ***** A B SSCAD VKB DEUTF RACHT/SE EREEDEREI INTEGRATED FULL CONTAINER SERVICE i COLOMBO: Accepting cargo for INDIA Bombay, Cochin, Madras i Calcutta t LARNACA: Accepting cargo for Lattakia, Piraeus, Thestatomki,276 words
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Page 26 Miscellaneous
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Miscellaneous134 1987-11-12 26 n r 45 r N* s m m V J 4 I M m n R Thmhntom. .<. A J. s W*oth»r _X Wnd *«don with tpcod n knoll RO,n Wow# ht«r#it Cloudy Sky h^9M wr+ac* m* arc «*cilW by v>m afecfc Hy witfc tk# wad Q On* fu« c»cW134 words
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Page 27 Advertisements
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Advertisement248 1987-11-12 27 Scan Dutch? TO EUROPE (NORTH CONTINENT-UK-SCANDINAVIA) WEEKLY TO RED SEA EAST MEDITERRANEAN WEEKLY TO WEST MEDITERRANEAN WEEKLY m -LA tPCZIA 5/11 7/11 SO Helvetia,B7B In Pt 30/11 In Pt 14/11 SO Edo/Ot 18/11 7/12 1901 21/11 SO Italia/U8 25/11 14/12 2(/U mi so ledra/m 2/12 21/12 FROM EUROPE WEEKLY B248 words
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Advertisement531 1987-11-12 27 IV UNIPACIFIC TRANS. TRADING AGECY PTE. LTD. IRAQI LINE >MQ< S'i T l f SI «0« T»iBS»C»' EAST BOUND SERVICE ETA S PORE LOADING FOR 2011 JAPAN WEST BOUND SERVICE ETA S PORE LOADING FOR MV BAGHDAD 3011 J«ttah Aotbi MV BASRAH 1002 J«ddah. Aorta THROUGH Bit to BAGHDAD UPON531 words
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Page 28 Advertisements
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Advertisement384 1987-11-12 28 Hai Sun Hup Co (Pte) Lt TEL *****06 (20 Lines) TLX RS ***** RS ***** |«L 1 \SI I R\ K I IM R III) JL WEEKLY CONVENTIONAL S HEAVY LIFT SERVICE FROM SINGAPORE/PORT KELANG TO: HONGKONG KEELONG KAOHSIUNG TOKYO/OSAKA YOKOHAMA NAGOYA/KOBE CAR CARRIER SERVICE TO MUARA/KUCHING KK Loading at384 words
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Advertisement449 1987-11-12 28 \v^r o COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG-SUD) EXPRESS SEMkCOWTAt® SERVICE TO NORTHBOUND TO UKC S PORE ROM/A DAM HBG HULL (U.K.) IVYBANK V2ON 21/11 15/12 19/12 24/12 PRO ATLANTICA VIN 20/12 12/1 16/1 TAUSALA SAMOA VUN 23/12 16/1 21/1 25/1 MORAYBANK V4N 13/1 6/2 10/2 14/2 Calling449 words
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Advertisement126 1987-11-12 28 Wlinß RHENANIA INTERNATIONAL TRANSPORT SERVICES PTE LTD S PORE 3i875i8 TAIWAN (02) 393 1101 SYDNEY (02) 669 2099 BREMEN (0421) 3669 0 ME LB (03) 338 3211 Hamburg West Germany Tiger Line VOY SIN LOTTE SCHEEI V 27 11/11 PRELUDE VI SM SCHWABENLAND V2B 15/11 PRELUDE V 22/11 LOTTE SCHEEL126 words
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Advertisement615 1987-11-12 28 /M CALL US AT? P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE s K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE FEEDER B. BUTANC P KELANG I MTHR VSI SINGAPORE I LEHARVE i.'-Wiii.v'iMifr' ;ii.n OTHER DESTINATIONS: AARHUS. AMSTERDAM. ANTWERP, BASLE. BREMEN615 words
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