The Business Times, 23 November 1987

Total Pages: 32
1 32 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 112/12/86 MONDAY, NOVEMBER 23, 1987 75 CENTS
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  • 501 1  -  Big boost from multinational deals By BOEY KIT YIN SINGAPORE'S trade with the rest of Asean took a sharp upswing this year after two years of decline. Total trade with four Asean countries Malaysia, Thailand, Philippines and Brunei amounted to $17.9 billion
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  • 330 1 Reuter SOUTH-EAST ASIAN NATIONS have hammered out an agenda focusing on economic issues for a summit meeting next month in the Philippines, Indonesian Foreign Minister Mochtar Kusumaatmadja said on Saturday. Dr Mochtar, who heads the committee drawing up the agenda for
    Reuter  -  330 words
  • 58 1 Bernama THE Johor government is studying the possibility of privatising several recreational parks in the state to ensure these facilities are utilised to attract tourists. Mentri Besar Haji Muhyiddin Yassin said yesterday that a state tourism master plan had been drafted to plan, monitor
    Bernama  -  58 words
  • 111 1 Bernama MALAYSIA'S political stability will endure for all times if the people accept Bahasa Malaysia as the key to uniting the various communities in the country, Prime Minister Oatuk Seri Or Mahathir Mohamad said. Only the full use of Bahasa Malaysia at all levels by
    Bernama  -  111 words
  • 225 1 Reuter AUSTRALIA and New Zealand said they would expand their five-year-old free trade agreement to cover services and try to create a single market by the early *****. Australian Prime Minister Bob Hawke and New Zealand Prime Minister David Lange
    Reuter  -  225 words
  • 436 1 TRADE and industry Minister Brigadier-General (Reservist) Lee Hsien Loong left for Japan yesterday to help sell Singapore to the Japanese as a total business centre. The three-day visit is BG Lee's second to Japan as Trade and Industry Minister. He led a similar
    436 words
  • 611 1  -  By SOH TIANG KENG Financial Correspondent THE AGREEMENT to slice America's budget deficit by US$76 billion will help restore torn* stability to the US dollar in the forex markets in Singapore and other financial centres. But the dollar is likely
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  • Page 1 Advertisements
    • 311 1 Need a housing loan? W\YK)O\G 737-7977 Way fcxmg Mortgage And Finance (S) Ltd A wholly-owned subsidiary ol Hongkongßank 6 Claymore Hill #03-01 I lav more Pta/a Singapore (N2J MANAGEMENT CORPORATE STRATEGY goes through phases. Companies in the US have been restructuring their business portfolios and operations through the mid-1980s to
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    • 373 1 Vmm oaoaa HOW MUCH INSURANCE should you buy to protect your life, home or business? What type of coverage should you get? How do you shop for an insurance policy? Today, Business Times introduces a weekly column that will answer readers' questions about their insurance needs. Taking Cover' is written
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    • 113 1 A-ONE BOUTIQUE PTE LTD LIANG COUBT COMPLEI 177 VALIf mOAD UNIT W >• SMGAPOOf o*l7 THIEI RS3HEB ACCCI Tf L 13H7X Tokyo reoMe wow to booot ocooomy further, Back Pago; Oovornmonls hell US budget Hga Shipping Tknat comw m a itptfUi aactlon today. Maka sura you gal your copy. Because
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  • MANAGEMENT
    • 1040 2  -  Fast-response companies accelerate decisions by better preparing the participants. They move senior executives around temporarily, forming new teams to vary the interaction patterns and fracture old assumptions. They move decisions down the corporate ladder and make the small decisions continually, without putting
      NYT  -  1,040 words
    • 589 2  -  By BOEY KIT YIN SOLAR ENGINEERS Co has successfully put into practice what government officials have been advocating innovating to keep a step ahead of competitors. Its record is quite impressive for a small local company. Solar Engineers turned its annual turnover of $50,000 in
      589 words
    • 1802 3  -  By TONG SUIT CHEE HEADHUNTERS. body snatchers, flesh peddlers. Colourful names for a bunch of people who pride themselves on being well, perhaps not colourless but definitely discreet. They prefer to call themselves executive search consultants or professional recruiters. They offer companies
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  • Page 2 Advertisements
    • 72 2 Los Angeles 14 times a week. Korean Air now flies non-stop to L. A. from Seoul ten times a week. And four direct flights via Tokyo and Honolulu. No matter how often you fly there, it's nice to know you're flying with people who go there every day. For details,
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    • 355 2 The Gold Coin stani>\rd .>• N a Gold is the one commodity that has long been valued as the basis for sound financial planning. Esteemed for its enduring value, gold has proven to be a long-term insurance against monetary, political, and social uncertainty. Investors are generally advised to include a
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  • Page 3 Advertisements
    • 50 3 f <> V* 0 Ermenegildo Zegna Boutique. 102-21/23 Wtsma Atria, 435 Orchard Road. Singapore 0923. Tel: *****12. Open 10am to Bpm daily. Boutique corner at Tangs Superstore Sole Distributor: Diet Mm Singapore Pte Ltd <Consumer Division) Ermenegildo Zegna Indulging in Ermenegildo Zegna must surely remain one of life's more civilized
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  • ASIA – PACIFIC
    • 328 4 Reuter TAIWAN's trade with Eastern Europe is expected to hit a record this year with signs of further increases next year, the Board of Foreign Trade (Boft) said on Saturday. Official figures show trade totalled about US$2O2 million in the first 10
      Reuter  -  328 words
    • 90 4 Reuter TAIWAN'S industrial production index (base 1981) rose 1.94 per cent to 170.22 in October from a revised 166.98 in September and was 7.15 per cent above the October 1986 level, the Economic Ministry said. The September figure was revised from 165.67. It was the
      Reuter  -  90 words
    • 110 4 Reuter OOZENS of Chinese factories produce goods which are too expensive, cannot be shipped or which no-one wants, a bank investigation shows. The official Economic Information newspaper printed the investigation by the People's Construction Bank which found that of 235 large- and mediumscale
      Reuter  -  110 words
    • 270 4 Reuter TAMIL GUERILLAS urged India to end military operations in Sri Lanka and start peace talks as Indian forces began the second day of a 48-hour ceasefire yesterday. Military sources said the ceasefire was holding, but in the first 24 hours the separatist Liberation Tigers
      Reuter  -  270 words
    • 127 4 AP FOUR OUT OF five Japanese machinery exporters are either engaged in overseas production or considering it to combat the effects of the strong yen. Results from a study by the Japan Machinery Exporters Association showed that 54.3 per cent of 271 companies
      AP  -  127 words
    • 158 4 AFP NEW ZEALAND has expressed anger and disappointment over continued French underground nuclear testing in the South Pacific. Foreign Minister Russell Marshall said it was clear France was disregarding the pleas of South Pacific nations by refusing to halt its test programme. "At a
      AFP  -  158 words
    • 926 4 ARRIVALS Operator S*rvte» number Local tklM From FT FT73 0038 LAX/SFO/ANC/ SU son NfT/OSA/TPC 0115 LAX/HIT UA UA805 0120 SFO/HKG MAS MH619 0125 KUL AC AC581 0200 Mac HA PK766 0505 KHI/IKK SIA SQ401 0550 CM* SIA SQ41 0610 MAA IC C555 0655 MAA MAS MH601 0720
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  • Page 4 Advertisements
    • 66 4 INTRODUCING WORLDPHONE COINFON I s m V K V* r m H 7 r Installing Coinfon in your place of business allows you to provide your customers with a better service. Coinfon enables callers to use coins to make IDD and STD calls. While your customers are enjoying the added
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    • 56 4 I M I I a \J%. I The business person's choice, every I I II \|l II Tuesday. Thursday. Saturday and Sunday I M a I I a I Leaving Changi Airport at 22:05 M iV/JL »J— hours and arriving Heathrow earfy the following corning Call your Travel Agent or
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  • Page 5 Advertisements
    • 78 5 SSIII r felf^S $Pf -si» v- 7 1 mJm* '.;v*,^,v:: la r#j^V £?£ai *»> ,< ■<( ,<•' 'if li fc ri < > *> 7 B s "W J w f? f m® "mm- 1 W > < </ 9* ILI. Jp.4 i f I /J L e f MI
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  • REST OF THE WORLD
    • 559 6 Reuter TRADE BETWEEN the Western world and the Soviet bloc slowed this year as Moscow and its six East European partners cut imports, United Nations economists have said. Prospects for next year are mixed. Western exports to the East declined by eight per cent
      Reuter  -  559 words
    • 240 6 AFP EUROPEAN COMMUNITY foreign ministers are set to approve at the start of this week a package of trade measures negotiated with Japan to facilitate access to the Japanese market for Portugal and Spain, according to EC and diplomatic sources in
      AFP  -  240 words
    • 165 6 Reuter PARAGUAY'S ruling Colorado Party nominated President Alfredo Stroessner for an eighth consecutive term on Saturday. Some 900 delegates at a party convention voted unanimously to nominate Stroessner after a series of speeches extolling the accomplishments of his 33-year rule. "I accept
      Reuter  -  165 words
    • 249 6 AP INCOMING PENTAGON chief Frank Cariucci has ousted the Defence Department's top adviser on arms-control policy because "he is a real hard-liner", an administration source says. Frank Gaffney submitted his resignation last Friday, the day Cariucci was confirmed by the Senate.
      AP  -  249 words
    • 244 6 Reuter AFRICAN financial experts at a conference in Addis Ababa, the capital of Ethiopa, are considering proposals for a 10-year moratorium on Africa's foreign debt to help stimulate the continent's paralysed economies. Conference sources said on Saturday the experts were drafting recommendations for a continental
      Reuter  -  244 words
    • 578 6 Reuter THE GOVERNMENTS of Japan and several West European nations praised the Washington accord on cutting the US deficit, hoping it would stabilise stocks and the dollar. Reaction on Saturday from economists and dealers polled by Reuters in various financial centres was more mixed. Opinions
      Reuter  -  578 words
    • 163 6 UPI SUBSTANTIALLY smaller budgets have forced officials of President Reagan's Star Wars defence system to plan for cutbacks in research and delays of up to two years, a published report says. As a result, Reagan administration officials would not be able to meet the target
      UPI  -  163 words
  • Page 6 Advertisements
    • 95 6 rnviltqed GxmHvc Ct*u 7a +/Fs > > r s r J fj j. Phu'Uatd *&Xiurhvc Cta** When you Finnair, you enjoy seat selection, free membership to the exclusive Finnair Club, as much privacy as you want, as much attention as you want, a luxurious seat with 147 cm of legroom,
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    • 119 6 53 m t ♦> M übcrtufi ©rill i *if. Ml No more beefing about the price of U.S. Prime Sirloin Steak... at $22.50, can anyone? Our dinner special at the Hubertus Grill for the entire month of November, the U.S. Prime Sirloin Steak promotion represents great value indeed. The best
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  • Page 6 Miscellaneous
    • 38 6 Doonesbury I KNOW WHAT YOIfRB 601N6 THROUGH, PAL. RJFBWfTH HOOPS! YOU CANT J 3BUBVB WHAT THBY POTD I HORSaS! saSh ft a m 111 r it PBTFOOP. THB dus/Nesstsowep OUTRIGHT BY THZ T "Z'Zkm K BY GARRY TRUDEAU
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    • 123 6 (risbon* tnmlt Buenos Aires Coiro Calgary Canberra Caracas Chicago Cop'ho gen Darwin Dublin Frankfurt Geneva Hrs of nmMm 2.18 RataM In mm.— tract RalntaH Me m»... 147 J Rainy day* Ma mMt... 12 Nosmu Naw DeM Naw York Hobo rt Hongkong Honolulu Islamabad Istanbul Jakarta Jarusalo«n Jo'burg Kiev K Lumpur
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  • FOCUS
    • 803 7  -  From KEVIN HAMLIN "WHEN THERE IS a hurricane. close the door," commented a senior corporate figure in Hongkong, referring to the extraordinary four-day closure of the stock and futures exchanges following the Crash of world financial markets on Oct 19. When the door
      803 words
    • 903 7  -  From ANITA BLACKETT THERE'S a new breed of people in Hongkong today, and they call him the "Yompie". That's the current hip acronym for the colony's many "Young Outwardly Mobile Professionals" who. uncertain of their future after Britain hands over Hongkong to China
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  • Page 7 Advertisements
    • 60 7 01 9. 1 .Mi Discover the masterchef s c reativity In his celebration of Wine and Game from 23-29 Novemlwr At the finest French restaurant in town Menu Degustation: $85++ (with appropriate wines): SI 15+ emurant_> defranct-j The very soul of France. In the very hrarl of Singapore. Reservations: *****55
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    • 734 7 I 5... Hi MM mmm -v- y -i» V 'V if f B&8& vamM^T mmkm* MMMAm HARRIS •MMkuwu X f y Iff gWjP'S <? \m\\mlllMw[ Tblecoms TAC: 633-86 X 76, 888-87 X 96. THE HARRIS2O-20. ITS A CERTAIN INVESTMENT The Harris 20-20 is the phone system of the future. ISDN*
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  • COMMODITIES
    • 623 8 AFP TRADERS WERE preoccupied with the US budget deficit last week, a fact that resulted in cautious trading after signs of relief which were apparent the previous week. Growing pessimism in the financial markets, which feared that in the absence of an agreement between the White House
      AFP  -  623 words
    • 441 8 THE PRICE OF TIN on the KLTM eased one cent to close at M 517.44 per kg last week in quiet trading from the previous week. Dealers said the price fell early in the week on sterling's weakness against the ringgit and a lack of demand
      441 words
    • 288 8 THE MALAYSIAN crude palm oil (CPO) market waa firmer last week with the November local delivery average price rising Msl2 to M 5831.00 per tonne. Dealera said the higher trend waa in line with the trend on the futures market as well as reports of lower CPO production
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    • 169 8 Chinese Produce Exchange 5#itn noon ootinQ prices on Nov 21 (SS/100 kg) Coconut oil U FOt 9X00 OW drum FOt 103.00 N*w drum FOt 107.00 Copra Mixed (IBBM) 53 Pepper FOt NLW 1250.00 Sarawah vMii KM foq NIW 1235.00 Sarawak iptrini block FOG NIW N250 Sarawak Aato Modi
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    • 321 8 London Commodity Exchange 177TZ7f rrevtous ootmg pna Con— H m lasts hi non tendon ii lofcn option OF London No* 1230/1238 (1237/1240) Mgh/low 1245/1230 ian 1269/1270 (1270/1272) Mfh/Low 1281/1266 Safes (3245) Cocos Doc 1081/1082 (1082/1083) High/Law 1086/1075 Mac 1109/1110 (1112/1113) 1115/1106 Solos (3372 SuQtr No 6 FOB (USS/MM
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    • 151 8 SOYBEAN FUTURES on the Chicago Board of Trade ended technically strong last Friday by setting new contract highs in new crop, up 14% to nine US cents per bushel in improved trade. January settled at USSS.92H after posting an UK-cent range. Trade-talk that the CCC has virtually depleted soy-
      151 words
    • 162 8 WHEAT FUTURES on the Chicago Board of Trade cloeed on or near the higha last Friday, up 2H US to five US cents per bushel in moderstely light trade. December settled at U552.96%. Strength in the marketleading aoymeal and trade-talk that China and the Soviet Union will tender today
      162 words
  • Page 8 Advertisements
    • 176 8 I Sf w 4r <'•• k J S>22fPs J*3 t <•*' i I 4 i Mdfr -V t 4. 1 r v 3 7 -&t X'" 'i* irf #v r i L* in! K| f fcftgn K t„ *c l; 1-i m 4 .:.5-- 1 j T ffc/. *1 <
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  • Page 9 Advertisements
    • 406 9 See how much money you can save in 30 minutes. We've got an offer that could save you a lot of money. Simply visit an IBM Authorised Dealer and let him demonstrate the IBM Personal family of ■V T computers. JF See tor yourself why we've MS million them f
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  • PERSPECTIVE
    • 567 10  -  Although anti-communist, Indonesia is developing closer ties with Vietnam, as can be seen by the recent visits of Hanoi officials to Indonesia BILL TARRANT examines what the two countries have in common. BILL TARRANT Reuter ANTI-COMMUNIST Indonesia is forging closer political and economic
      Reuter  -  567 words
    • 565 10 AFP THE SPRATLY ISLANDS, which the Philippines claims in a draft law submitted to the legislature last week, are a geopolitical oddity and a legal puzzle with no early solution in sight. The chain of 500 small islands and coral reefs is
      AFP  -  565 words
  • Page 10 Advertisements
    • 107 10 e« w SMS&&^ i.-. -A i> ■131 «s» 88 V^*NK?SBBS?' 39«*taS2^ *r-. i. t > s -T i.Ti&pV-,-I'M OFFENBACH. THE SIGN THAT SHOWS YOU'VE ARRIVED. Men and women who never compromise on quality always shop at Offenbach. Because at Offenbach we make sure a name is never an empty promise.
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  • Page 10 Miscellaneous
    • 33 10 Bristol ftan&Dtcker* Rou. on rne loeexoiD ~-<o ?s,x NONseNse' ROLL oj Nihie. o'clock—let mt Ger TO ljoß<. i «T 1 i uKe i«iv Ov/ Bosses, mv u)O«<'»JG COtJDiTiO^S ©Even.ng Standard Co ltd.mMW W_u
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    • 689 10 CRYPTIC PUZZLE ACROSS 1 Last of the coal in the sack? (5) 6 Triangular letter in wrought lead! (5) 9 A time to en)oy being pious about a girl (7) 10 Sam Browne's part? (5) 11 A horse of natural prominence (5) 12 Noisy way to eat? (5) 13 Saintly
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  • THE ARTS
    • 325 11  -  CD REVIEW By SHAUN KOH THE NYLONS Happy Together. Attic Records *****6-2 (34 minutes) Category: Jazz IN ITS BROADEST sense, the label jazz could be applied to this music. It is simply an example of the music of this age thoroughly eclectic. Take
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    • 574 11  -  -Byl Shaun Koh WHEN AMERICAN violinist Aaron Rosand performed with the SSO recently, he played on a Quanerius del Gesu. an exKochanski. This Friday and Saturday, when French violinist Pierre Amoyal performs with the SSO, he too will play on an exKochanski. However, Amoyal
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  • Page 11 Advertisements
  • Page 11 Miscellaneous
    • 1250 11 to m> mm THE SLEEPING BEAUTY (R) 9pm, Channel 12 PM SBC Text Sample Pages. Opening and Programme Hliihliiilrfa -J Km H it roitowta Dy l Soyn Mysteries Nov* His Carcase (Pt 4). In the final episode of this four-part story. Lord Peter and Harriet Van* deapher an encoded letter
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  • SPORTS & LEISURE
    • 497 12 UPI 4Z.YSHEBA probably lost one ti--3 and virtually assured himself winning another while losing Uge Breeders l Cup Classic on &turday to Ferdinand by a nose. I The photo-finish defeat may t£ve cost the 1987 Kentucky Derby winner the Horse
      UPI  -  497 words
    • 133 12 Reuter THE ENGLISH Football League will examine the sale of First Division Watford by rock star Elton John to millionaire publisher Robert Maxwell. The league's deputy secretary said on Saturday that the £2 million deal means Maxwell now has an interest in three
      Reuter  -  133 words
    • 640 13  -  By WALTON MORAIS BILL SEEBOLD was clearly the happiest man after the race, but the most dejected and probably the most honest was Australian Mike Nielson. whose crash in the 31st lap caused the race to be ended prematurely. Driving his first
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    • 172 13 Reuter PAKISTAN'S world champion Jansher Khan fought back from two games and matchpoint down to beat arch rival Jahangir Khan 7-9 2-9 10-8 9-1 10-9 in the semi-finals of the U5565,000 Swiss Masters on Saturday. It was the 18-year-old Jansher's fifth win
      Reuter  -  172 words
    • 186 13 Reuter MEXICO'S Julio Cesar Chavez pounded Puerto Rican Edwin Rosario's face to a pulp on Saturday and won the World Boxing Association lightweight title in Las Vegas when the referee stopped the fight in the 11th round. By the final round. Rosario was staggering around
      Reuter  -  186 words
    • 529 13  -  By JEFFREY TSANG IT WAS AN EASY VICTORY, but getting to the starting grid proved the greatest hurdle for Bill Seebold yesterday. Seebold, driving his Budweis-er-sponsored Mercury Seebold twin-hull catamaran, was the favourite to win the Singapore Powerboat Grand Prix and, with it, the Fonda World
      529 words
    • 460 13 Reuter WALES won the World Cup of Golf on Saturday when lan Woosnam and David Llewellyn each made par on the second hole of a playoff with Scotland in Hawaii. Each player collected US$lOO,OOO for the victory and Woosnam won a further US$5O,OOO for
      Reuter  -  460 words
    • 442 13 UPI TEENAGERS Steffi Graf and Gabriela Sabatini. the new hot rivalry of tennis, won in contrasting style on Saturday to advance to the final of the US$l million Virginia Slims Championships in New York. Graf, the top seed, swept the final
      UPI  -  442 words
  • Page 12 Advertisements
    • 803 12 :t.? m m*<»: *i H. im J C r *7-.S V: r Ul ■M m If, > 5 f x R* L-i 99 9 9 Ibr the health-conscious, weight-watchers or simply lovers ofgreens, we present you Daily from 11 am to 2pm at Cafe Vienna R>r $7.90++, you can tuck
      803 words
    • 224 12 Ira r *s 19 Somdinaviaat 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:sls+ Thi- management reserves the '377Qn/ right to chktngt the programme. Sth fltmtr
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  • Page 13 Advertisements
    • 258 13 m f V) Every second's on-the-house! The Fountain Lounge is flowing with the good times. Between 5 and 8 pm daily, for every drink you order you get your next FREE. And bottle purchasers pay just half the price There's no happier time to enjoy your favourite drinks and some
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    • 176 13 Westin hotels resorts THE PtOfLE AND PLACES Of WESTIN i MAGICALLY HYATT I+l 1 1 1 1? When guests order any beverage, standard or premium, at selected outlets, they will get a second drink, all for the price of one! It's a magic formula applicable daily The Lounge 7 9pm
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    • 64 13 Japanese Restaurant HOSHIGAOKA SARYO GOOD NEWS OF THE WEEK! introducing Mr Mitsuo Maniwa our New Chef flown in directly from Japan to pamper you with the best SUSHI MEAL at Hoshigaoka Japanese Restaurant. Special discount (50%) AT THE SUSHI COUNTER only from 23rd Nov to 30 Nov 1987. HOSHIGAOKA JAPANESE
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  • MONEY AND EXCHANGES
    • 597 14 Reuter CHINA'S central bank announced an ambitious target to slash the issue of money and credit next year to curb soaring demand artA price increases, but bankers doubt the banking system is equal to the task. An editorial in the latest issue of
      Reuter  -  597 words
    • 370 14 AFP c *i lb JAPANESE and foreign companies have gained wider access to short-term funds with Japan's Ministry of Finance allowing them to arrange commercial-pa-per facilities denominated in yen. But analysts say that government restrictions and stamp -(Mies could prevent the new .'mprket
      AFP  -  370 words
    • 132 14 AFP WpST GERMANY announced a new drop in some interest rates last Friday, on five-year government bonds and one- and twoyear Treasury notes. As of today, five-year government bonds with a nominal interest rate of 5.50 per cent (unchanged) will be issued at
      AFP  -  132 words
    • 158 14 AFP JAPAN is considering lowering interest on government yencredits in response to demands from developing countries, particularly the Association of South-east Asian Nations (Asean), a newspaper said in Tokyo on Saturday. The Nihon Keizai economic daily said the rate could be
      AFP  -  158 words
    • 182 14 Credit Suisse First Boston (Asia) Limited GOVERNMENT securities started on a mixed noted last week as most dealers were unsure of the price movements. With firmer interbank rates throughout the week and weak demand, some dealers liquidated their long positions, causing the benchmark Nov 5 year-bonds to
      Credit Suisse First Boston (Asia) Limited  -  182 words
    • 212 14 ASIAN CURRENCY average deposit rates for I ftve week ended Nov 20 BIO PRICES High Low US S 7 days 6 IS/16 6 13/16 1 month 7 6 7/8 2 months 7 9/16 7 3/8 3 month* 7 9/16 7 3/8 6 months 7 9/16 7 7/16
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    • 33 14 The range of call rates for the week ended Saturday, Nov 21 m Bank fund 2.5 3.15 G«fi fund 7 3.1 Movementi of funds MS 1,856m Source: Short Daposits (M) Std
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    • 1607 14 Union Bank of Switzerland AFP ZURICH: The foreign exchange markets watched the progress of the time-presurred US budget deliberations last week. The unstable US dollar displayed sensitive reactions to the rhetoric coming out of Washington. The initial optimism boomeranged with the continuation of indecisive political haggling in the
      Union Bank of Switzerland; AFP  -  1,607 words
    • 275 14 Gold Financial futures Green Collier GOLD BULLION prices recovered last week in subdued thin trading to settle at the week's high. At New York's commodity exchange, as compared with the previous week's close, spot gold settled last Friday at US$469 60 an ounce, a marginal gain of US$5. Analysts say
      Green & Collier  -  275 words
    • 497 14 Indicates tha iv»rtg« of lha prim* landing rata* <X 12 major banks in Singapore PLR of banks at the dos« of business on Friday, Nov 20, as supplied by the Association of Banks in Singapore. BANK PLR Algemene Bank 6% Allied Irish Bank PLC 6% Americon Express
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  • Page 14 Advertisements
    • 393 14 CHRISTIAN IA BANK CHRISTIANIA BANK OC KREOITKASSE Head Office: PO Box 1166 Sentrum. 0107 Oslo 1, Norway Singapore Branch: 6 Batter)' Road. *34-01. Singapore 0104 All figures in SOK million Balance Sheet as at 31 December 1986 Board of Directors VidkunA Hveding Chairman (non-execuriw) Sverre Hannevig Deputy Chairman (non-executnv) Tor
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  • BANKING AND FINANCE
    • 859 15  - Insurance the whys and the whos by PAUL FRANKLAND In spite of its importance in everyday life, insurance is still an unknown territory to many managers and consumers. Today, Business Times begins a weekly column that will seek to explain the ins and outs of insurance, in an easy to
      859 words
    • 240 15 FT THE BANK OF NEW YORK, the oldest bank in the US, has sharply reduced its aggressive offer to buy its larger rival on Wall Street, Irving Bank, to account for the collapse in stock values in the past month.
      FT  -  240 words
    • 466 15 Reuter THE PHILIPPINES' restructuring of US$l3.2 billion of foreign debt has again been plunged into uncertainty following calls from a leading senator for the abrogation of a July agreement with the country's creditor banks. Senator Alberto Romulo, chairman of the Senate s Committee on
      Reuter  -  466 words
    • 304 15 FT THE LONDON Life Association, Britain's second oldest mutual life company founded in 1806, has run into financial problems and is cutting back drastically on its operations. Both policyholders and staff are affected by the cutbacks. As far as with-profits policyholders are concerned.
      FT  -  304 words
    • 85 15 Reuter A BRANCH of the People's Bank of China accepted commercial paper from four bank branches in the first such transaction since 1949, the People's Daily said. The central bank's Shanghai branch lent 30 million yuan to three branches of the Industrial and Commercial Bank
      Reuter  -  85 words
    • 479 15 FT BARCLAYS de Zoete Wedd. the investment banking arm of the Barclays Bank group, disclosed on Friday that it had been badly hit by last month's crash in the stock market. Sir Martin Jacomb. the chairman, announced that BZW had made a pre-tax loss
      FT  -  479 words
    • 324 15 Bernama THE GENERAL INSURANCE industry in Malaysia continued to suffer underwriting losses, rising from M 555.6 million in 1985 to M 561.3 million last year. Investment returns fell, from M 585.2 million to M 580.5 million within the same period, Deputy Finance Minister Mohamed Farid
      Bernama  -  324 words
    • 82 15 Reuter MANILA'S central bank said it was regulating the purchase by Philippine banks of foreign debt paper to prevent the country's foreign exchange reserves from falling. The bank said purchases of debt, if left totally unregulated, would result in a drain in Manila's foreign exchange reserves
      Reuter  -  82 words
    • 51 15 THE US MINT has on display a collection of coins that indudera French medallion honouring actressMarilyn Monroe. Ttye coin shows the head of the sex symbol of the 1950s on one 4lde and her nude reclining figure on the flip side. Miss Monroe died In
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  • Page 15 Advertisements
    • 92 15 > < There's simply presence (or those who seek the heights and aim high D Scan Office Line Developed for the dynamic executive. Stylish, functional. And flexible allowing for a harmonious blend of modern office equipment. flnl Bk ll V»" thf full rjrttgt- it jtui n.n ijn st\k- turnifurr it
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    • 178 15 V bui> R Thanks to a Hitachi Metals technique called Isotropy, dies made of our YSS special steels can last many times longer than with conventional steels. Isotropy makes the longitudinal and transverse strengths of steel almost equal. So there are no weak spots. Dies are of a higher quality.
      178 words

  • MARKET REVIEWS
    • 5450 16  -  r Singapore P By LISA LEE THE SINGAPORE stockmarket kicked off on a strong note last Monday but dull trading for the rest of the week pared away initial gains as stock prices drifted erratically. The Straits Times Industrial Index closed at 824.37. a
      5,450 words
    • 399 16 S K.Lumpur im B i Bernama ES MBT SHARE PRICES in Kuala Lumpur finished slightly lower in thin trading last week as sentiment remained cautious. Dealers said the market's performance continued to be influenced by overseas markets, especially Wall Street. Tokyo and Hongkong. Prices
      Bernama ES; MBT  -  399 words
    • 367 16 ~\lAustralin M A AFP THE AUSTRALIAN stock market spent the week drifting in what brokers described as the quietest period in months, despite takeover rumours involving leading groups Bell. BHP and Elders. "It's been the quietest period in months," Statton Securities broking analyst Ruth
      AFP  -  367 words
    • 569 16  -  Week ended Nov 20 compiled by JULIANA TAY SCRIP ISSUES Gieneoly: Bonus issue of one-for-four Kulim Msia: Bonus issue of one-for-five. Vo der Hors,: One-for-four bonus warrants based on enlorged share capital of the compony o 57.42 m snores. This is in oddition to on
      569 words
    • 710 17  -  London j From RAY HEATH THE SUSPENSE OVER the result of the negotiations between President Ronald Reagan and Congress over action on the US deficits drained the London stock market of its energy last week. Prices drifted down again and turnover of shares
      710 words
    • 149 17 AFP WEST GERMAN stocks lost 3.9 per cent last week, as the Commerzbank Index finished at 1,325.7, down 53.3 points from the previous Friday. Analysts said the US dollar s continued decline and the announcement by Siemens of a dividend cut from 12 to 11
      AFP  -  149 words
    • 281 17  -  From SHIRISH NADKARNI A HESITANT NOTE marked the onset of trading for the new account on the Bombay Stock Exchange last week. Only a handful of counters which are backed by institutional investors forged ahead modestly. But scores of other counters lost further ground owing
      281 words
    • 1040 17 I^ll New York A FT CRISIS what crisis? From Washington and Wall Street to Tokyo and Zurich, business as usual is gradually resuming. The traders, politicians and pundits who got the fright of their lives on Black Monday (Oct 19) are rapidly
      FT  -  1,040 words
    • 376 17 HM a AFP SHARE PRICES posted substantial gains on the Tokyo Stock Exchange (TSE) last week tor the first time in a month. The 225-stock Nikkei Average chalked up a 357.31-yen gain, closing the week at 22,705.56 yen. It was
      AFP  -  376 words
    • 1035 17 Hang Seng Index down 12 points j 1 Hongkong LILJ J DBS Security HK THE HONGKONG stockmarket opened on a firm note last week, buoyed by a stronger US dollar and President Ronald Reagan's speech over the previous weekend indicating his determination to reduce
      DBS Security HK  -  1,035 words
    • 268 17 UBS SWITZERLAND'S stock exchange continued to show that it is a dollar-led market. The previous weekend's rally, which followed the announcement of a narrowing of the US balance of trade deficit, encouraged shares to advance. The market added one per cent over the week to
      UBS  -  268 words
    • 159 17 NMB Bank Securities THE TALKS on the US budget deficit reductions continued to grip the financial markets last week. This resulted in substantial fluctuations on the Amsterdam stock market, although the ANP-CBS general index closed the week virtually unchanged at 218.2. Volume traded fell back
      NMB Bank Securities  -  159 words

  • Page 17 Advertisements
    • 156 17 YOU RE F <A <Y OK °/v< Fook Yuen Seafood Restaurant is it. Exotic and authentic Hongkong-style Cantonese seafood and gourmet dishes materialize out of an epicurean menu. A connoisseurs treat by gourmet chefs. In surrounds ecletic enough to make a great culinary experience truly memorable. The decor, a blend
      156 words

  • COMPANY NEWS
    • 401 18 mm™ IT S DIFFICULT not to feel that Bonvests Holdings would rather not have had the spotlight beamed, however fleetingly, on the activities of its whollyowned subsidiary, BHL Investments Pte Ltd, in its latest circular to shareholders about its proposed acquisitions. As
      401 words
    • 272 18 THE BONVESTS experience highlights one dark corner of the problems of underwriting in Singapore. With the pool of possible underwriters restricted only to those with the relevant licence, the risk is concentrated in a few hands when ideally it should be spread
      272 words
    • 229 18 Bernama FINANCIAL professionals in Malaysia will now be able to have access to up-to-the-minute quotations of the world's major currencies wherever they are, 24 hours a day. Bernama-Telerate, a joint venture between the Malaysian national news agency and Telerate Inc. a leading supplier of financial
      Bernama  -  229 words
    • 115 18 Oana-Antara TECHNOIMPIANTI SRI, a group of Italian companies, is planning to build a fruit-canning company and a hotel in Bali. The corporation's representatives, Luigi Canevari and Bianchimassimo, said on Saturday that they still had another invest- ment project for the island, but
      Oana-Antara  -  115 words
    • 414 18  -  By AMY BALAN AYER HITAM Tin Dredging (M) Bhd has proposed to revise its three-for-one rights issue of 27.45 million shares in what is yet another setback for the mining group. The company is slashing 20 per cent off the issue price, from
      414 words
    • 567 18 MBT THE KUWAITI Investment Office (KIO). which is said to hold £25 billion worth of equity in British companies, has been forced to explain its intentions in buying a large chunk of the recently floated British Petroleum shares. According to
      MBT  -  567 words
    • 271 18 AFP ALL SIX governmentappointed board members of Norway's state-owned oil and energy company, Statoil, resigned last Friday, bowing to intense political pressure and severe criticism over a huge cost overrun in a refinery construction project. Opposition politicians have demanded the resignation of
      AFP  -  271 words
    • 694 18 CwK b data Booka ctoaa Oafta payaOU ToM lor Mta yaar Total tor laal yaar A 1 S ft Austral Amal Ayar Hiram Rub Ayar Hrtom Tin ft M T Barjaya Corpn louiWad C K Tang Carabos Chuan Hup Cold Storoga F Martin CUIS FAI Ins Fima M
      694 words
    • 104 18 Company RIGHTS ISSUE Company BONUS ISSUE Gleneoty On*-tor-four E«dot* D*c 1 Books ck>s* D*c 15 Kulim Msk) On*-for-fiv* Ex-dot*: Nov 26 Books ctos* Doc 10 $90 Vi#w On*-tor-ton Ex-dot*: No* 17 Books ctos*: Nov 27 Stroits Trading On*-for-t*n E* dot* Nov II Books dot*: Nov 25 Von der
      104 words
    • 374 18 Company RIGHTS ISSUE Ayer Hitom Tin Three-for-one $250 par store C 1 Holdings 27 Million loon Hocta in the ro»>o of t3 loon stock for every five ordmory Duff Bhd iM'ti he'd One-for-one $1 00 pe' store Duta Cons On*-tor -one $1 10 per shore F A C
      374 words
  • Page 18 Advertisements
    • 658 18 NOTICES 1 JOHORE FACTORY FOR SALE OR LEASE Located Paslr Oudang Industrial Estate. Land 1,935 Hectares Shop floor, 3245 Sq. Motrot. High Structural Stool Building with 1000 Amps Supply. Suitable for Engineering, Chemical Industry, etc. Presently used. Vacant possession 3 months. Enquiries: The Advertiser P O Box 6563 Kampung Tunku
      658 words
    • 482 18 In The Matter of The Companies Act Cap 50 And In The Matter of CENVIN PROPERTY PTE LTD (In Voluntary Liquidation) Members' Voluntary Winding Up At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 220 Orchard Road #05-01 A Midpoint Orchard, Singapore
      482 words
    • 76 18 Keep a date with Sevvv Ballesteros the Sevvy Way BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, horse-racing, tennis, bowling, etc. And, of course, the all-round executive
      76 words

  • WORLD MARKETS
    • 1091 19 New York REUTER WALL STREET gave a mixed reception last Friday to President Reagan's late afternoon announcement of a budgetcutting agreement, as blue chip stocks closed higher but the broader market was depressed. "You can't exactly say this surprised us," one trader said. "This is
      REUTER  -  1,091 words
    • 940 19 London Reuter SHARE PRICES were lifted above the day's lows in late trading last Friday after news that US President Ronald Reagan was to sign the Gramm-Rud-man Act authorising a US$23 billion cut in the US budget deficit. However, the rally stalled after apparently conflicting reports
      Reuter  -  940 words
    • 500 19 FT BRITISH AIRWAYS has launched a new takeover bid for British Caledonian group and said at least 2,000 jobs would be lost under its plans to combine the two airlines. BA's latest offer, which BCAL said it would study, is worth £156
      FT  -  500 words
    • 401 19 NYT JOHN WEINBERG, the chairman and chief executive of Goldman, Sachs Co. has named his two closest associates, Stephen Friedman and Robert Rubin, as vice-chairmen, making them the heirs apparent to run one of the most influential investment banking houses in the US. Mr Rubin, a
      NYT  -  401 words
    • 539 19 NYT VOLKSWAGEN, the first foreign motor company to build cars in the US since the end of World War 11, announced on Friday that it would close its American assembly plant by next autumn. The company said the plant, at New Stanton, in south-western
      NYT  -  539 words
    • 186 19 AP A PROMINENT US stockbroker was found dead with a gunshot wound to the head and a small-calibre handgun lying nearby, authorities said last week. The body of Robert King, 54, was found last Thursday afternoon on a grassy area next to a parking lot at
      AP  -  186 words
    • 1102 19 Amsterdam NOV FLS ABN 4100 •1.1 56 30 -29 Ahold 61 SO -23 67 SO -45 Alranta 147 00 0.2 AMEV 42 00 -09 Amro Bank 60 00 -19 Am Stad 94 50 -35 Barkal 940 04 BOLS 106 50 -1 Borsumii .77 -5 Buahrman Tattaroda 40 30 -07 Calva
      1,102 words
    • 489 19 NYT PENNZOIL CO on Friday proposed a provisional settlement of its long-standing dispute with Texaco Inc. but Texaco has called the amounts involved clearly unreasonable. A Texas court has ruled that Texaco must pay Pennzoil U5510.53 billion for interfering with Pennzoil's agreement to buy
      NYT  -  489 words
  • Page 19 Advertisements
    • 161 19 JAPAN canbeaffordabte. NTA HOTEL FASS With the NTA Hotel Pass you can get a room in Japan for an unbeatable SsBs/per night Accepted at 86 member hotels in 50 cities throughout Japan, it is an economical alternative for business and pleasure travellers. JAFAN RAIL FASS This pass allows unlimited travel
      161 words

  • 188 20 MEMBERS of the education field from several countries are here shopping for teaching equipment and materials at an exhibition that opened yesterday. Among the visitors to Edu-Aid 87 at Hyatt Hotel are a team from Indonesia's Yayasan Pawiyatau Jarkarta. The group is building STEKPI University
    188 words
  • 252 20 FUTURE Members of Parliament will have a more difficult job. with Singaporeans looking increasingly to a higher standard of life, said Senior Minister S Rajaratnam yesterday. The old guard leaders took over at a time when life was hard, said the Minister (Prime
    252 words
  • 592 20 Reuter JAPAN IS BRACING itself to resist expected US demands that it do more to boost the world economy in the wake of America s budget-cutting pact, according to Japanese officials. The officials said yesterday that Japan's own economy
    Reuter  -  592 words
  • 436 20 Reuter THE US, after years of lecturing Japan on trade as if it were a recalcitrant child, is starting to realise Tokyo has grown into an economic giant that must be treated as an equal. "We're not going to tell them what to
    Reuter  -  436 words
  • 86 20 PRESIDENT WEE KIM WEE yesterday called on his fellow senior citizens to engage in volunteer work. "We are never too old to volunteer our services," said President Wee, himself 72 years old, at the opening of the 9th Senior Citizens' Week at the Shangri-La Hotel. It
    86 words
  • 8 20 yiJL «BOIA crown»* "^%^7 m^'t^';J|
    8 words
  • 319 20  -  By TONG SUIT CHEE THE GOVERNMENT'S plan to install a multi-million-dollar computerised watchdog system to manage traffic on expressways more effectively moves ahead with the appointment of transport consultants. The Public Works Department (PWD) has given the job of drawing up a blueprint for
    319 words
  • 72 20 Reuter THE Philippine government says it expects the number of labour strikes this year to be 25 per cent lower than last year, the Philippine News Agency (PNA) reported yesterday. Labour Undersecretary Carmelo Noriel was quoted as telling reporters that the number of strikes this year
    Reuter  -  72 words
  • 533 20  -  By HARISH MEHTA PLANS BY India's Birla Group to invest US$55 million (*****.7 million) in a rayon fibre manufacturing project in the Philippines could make the Birlas the largest producers of rayon fibre in the world. With the acquisition
    533 words
  • LATE FILE
    • 63 20 Reuter THE European Community's battle against bankruptcy enters its final phase today when ministers meet in Brussels to prepare next week's crucial summit in Copenhagen. Diplomats say the 12 member states are still far apart on the key summit issues curbing huge farm subsidies, raising
      Reuter  -  63 words
    • 50 20 Reuter ISRAELI Prime Minister Yitzhak Shamir said yesterday that he believed the Arab-Is-raeli conflict would be a low priority at next month's superpower summit. Mr Shamir said the chief concerns at the summit would be an armscontrol agreement, human rights and the Iranian-Iraqi war. Reuter
      Reuter  -  50 words
    • 43 20 Bernama PRESIDENT Corazon Aquino yesterday affirmed the official position of the government to drop the Philippine claim to the east Malaysian state ot Sabah. The Manila administration is convinced that the Bill will win passage in Congress. Bernama
      Bernama  -  43 words
    • 67 20 AP TENS of thousands of South Korean workers, students and other supporters cheered opposition presidential candidate Kim Dae-Jung in Seoul yesterday as he promised a better life for workers if he is elected. More tens of thousands turned out in Cangwon to hear government candidate Roh
      AP  -  67 words
    • 70 20 Reuter TAMIL guerillas in Sri Lanka have accepted an Indian-de-clared 48-hour ceasefire which entered its second day yesterday, but laid down conditions for the surrender of their weapons. Tamil sources in Colombo said yesterday that the Liberation Tigers of Tamil Eelam, the largest rebel group, had
      Reuter  -  70 words
  • Page 20 Advertisements
    • 370 20 Get your free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available 1. New HK exchange chief sets his priorities in restoring confidence a BT exclusive interview with Robert Fell. 2. Several multinationals lobby to keep Singapore in GSP. 3.
      370 words
    • 119 20 See Page 4 QUALITY BEFORE YOUR EYES When it comes to eye care, we do it in 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 R and Mr
      119 words

  • SHIPPING TIMES
    • 458 21  -  By LINDA CHEE THE GIANT Inchcape group is poised to widen the activities of its shipping agencies in Singa4>ore Anglo-French Shipping, 'Borneo Shipping and Optorg Shipping as part of the group's recent policy to integrate its network of maritime operations
      458 words
    • 162 21 THE SINGAPORE Maritime Employers' Federation has awarded 10 scholarships to members of the National Cadet Corps (Sea Cadets). The cadets will sail in large modern ships for durations of up to two months and visit countries in Asia. Australasia. America and Europe. Sponsors
      162 words
    • PORTSIDES
      • 103 21 THE SHIPPING manager of Guan Guan Shipping in Singapore, Robert Thio, will be presenting a paper in an international meeting on "Comparative Maritime Law" in Portugal this week. Organised by the Portuguese Shipowners Association, the three-day seminar is to be held in Lisbon
        103 words
      • 139 21 Reuter NEW FOREIGN shipbuilding orders received by Japanese yards in October fell to 10 ships totalling 343,450 gross tonnes (grt) from 14 of 650,320 grt in September, the Japan Ship Exporters' Association said. October orders compared with six vessels of 275,300 grt a year earlier,
        Reuter  -  139 words
      • 171 21 Reuter UNITED STATES minesweepers destroyed three mines on Saturday in the Gulf area near the Irani-an-held Farsi Island, bringing to five the number of mines cleared within two days. US Defence Department officials reported. Navy minesweepers found the devices in waters west of Farsi
        Reuter  -  171 words
    • 964 22 Lloyd's Maritime Asia FROM SHIMONOSEKI in the south to Hakodate in the north, lie 2,000 km of Japan Sea coastline, wind-and wave-beaten and with not one international container port of any prominence to its name. Ports there are in abundance, but bulkers and coastal
      Lloyd's Maritime Asia  -  964 words
    • 832 22 AB Shpg V 5 ABC Container vm 1 Accord Shpg VI 3 Ahrenkiel liner n 3 Africa Oceon XH 2 AHtrons V* 3 AC Toepfer XI 5 Amenco n Tpt XH 4/5 Anro Se'vice IV 2/3 Arrow lines IX s Asion Ocean VI 1 Altos line 1
      832 words
    • 1422 22 FURTHER Soviet time-char-ter business was reported on an otherwise quiet and featureless freight market on Thursday, shipbrokers said. The vessel involved was said to be a 60.000 tonner reported booked from Ant-werp-Hamburg range for six months trading at about U557.750 daily. However, as is usual with Soviet chartering,
      1,422 words
    • 257 23  -  From KINGSLEY WOOD A REVOLUTIONARY design package developed by a UKbased computer company in association with ACTA Shipping of Sydney could result in a future generation of improved reefer container ships. The system, called Sea Tas. has been tested in UK as part
      257 words
    • 347 23 AP THE HOUSE of Representatives has approved a measure that would oblige most foreign recipients of casn aid to buy an equal amount of US products and to ship the purchases on American vessels The measure, one of 235 proposed amendments to a U5511.45
      AP  -  347 words
    • 942 23 CURRENT freight rates do not justify the price of secondhand tankers and is based more on the speculative hopes of owners. Mr Bjorn Wilhelmsen. chairman of Norway's Anders Jahre, said at a recent Intertanko seminar that several Norwegian owners had been buying Suezmax ships, partly on the assumption that
      942 words
    • 196 23 Reuter TEN TANKERS on Iran's oil shuttle service in the Gulf will be fitted with modernised electronic devices to protect them against air attack. World Carrier Management (WCM) said. WCM director Giorgos Fraghistas said the 2-year-old air defence equipment of the
      Reuter  -  196 words
    • 9520 28 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      9,520 words
    • 1097 29 AT CONVENTIONAL WHARVES VmmI B«rtti Arrival Departure KEPPEL WHARVES Alrazi K18 alongside 23 1/2300 Anshon K19 alongside 26 1/2300 Boiyinshon K3I alongside 23 1/0600 Colossus K30 alongside 27 I 0600 G Wonder K28 olongside 24 1,-2300 Kris Melela K25W alongside 23 1/0600 Marchioness K34 alongside 25 1/0700
      1,097 words
    • 1992 30 A—B AB Shipping Boustead Shpg Agencies. ABC Containerline NV S pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Lines Sealion Shpg (S). Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Ocean us Shipping Agencies (S) Multiport Sdn Bhd (PK). Alltrans Alltrans Express. American President
      1,992 words
    • 373 32 Reuter SOUTH KOREA has edged ahead of Japan as the country having the largest amount of tonnage in its shipbuilding order book. Lloyds Register of Shipping said. In its latest quarterly shipbuilding return, Lloyds said South Korea's order book at the
      Reuter  -  373 words
    • 150 32 AP DEMAND for South Korean seamen to serve on foreign vessels is rising, with some 42,700 men working. The South Korean Maritime and Port Administration said the number of South Korean seamen employed overseas in the first nine months of this year was up
      AP  -  150 words
    • 104 32 ELEVEN people were confirmed dead and 28 reported missing after an overloaded cargo vessel capsized off the south-eastern coast of China, the official Chinese press reported The cargo boat, which was carrying 75 passengers although it should not have been carrying any, capsized
      104 words
    • 184 32 Reuter WORLD LAID-UP tanker tonnage showed little change in October, finishing the month at 12.38 million tonnes dw (137 vessels) compared with 12.36 million (138) at end-September, Lloyds of London Press said. The latest total included. 16 vessels of 200,000 to 299,999 tonnes dw totalling
      Reuter  -  184 words
  • Page 21 Advertisements
    • 981 21 ItMiiJuvl hi, TIMES sVB' ok ret STP Distributors SGP LBH CHTON NFK NYC HFX ORIENTAL FORTUNE KPTUNC UK ORWNTAL FAIR 2*ll t*l2 2*12 31/12 2/1 6/1 3/12 |26/12 *1 13/1 I*l m 10/12 I 2/1 12/1 14/1 17/12 I vi on a/i a/i zm rfri 24/12 I*l 26/1 21: B.
      981 words
    • 103 21 mm SINGLED OUT in 1967 as a "significant harbour" worthy of development, Niigata port is set to take on the modern world. Pag« II A REVOLUTIONARY design package developed by a UK-based computer company in association with ACTA Shipping of Sydney could result in a future generation of improved reefer
      103 words
    • 582 21 xi Gootf SooitsKops Published by Cambridg* V of IN r MAERSK LINE TRANSIT TIME TO CHARLESTON REDUCED BY 5 DAYS a 9 DATS FROM SINGAPORE 34 DATS FROM PORT KELANG 33 DATS FROM PENANG To Europe—UK Seandmawa Finland This week M Rotterdam Closing Time CY —25-11 2000 MRS CFS 25/11
      582 words

  • Page 22 Advertisements
    • 493 22 03 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/ MARSEILLES 16 DAYS SINGAPORE/ BARCELONA (DIRECT) 17 DAYS OUTBOUND TO MEDITERRANEAN Vl* FEEDER STORE MARSEILLES "ffi I PNC ETA/ETD ETA PTTJjrrnii ALEXANDRIA BEIRUT LATTAKIA ETA ETA
      493 words
    • 17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.
      17 words
    • 417 22 CHARGEURS REUNIS N .A P f K jU«P»f l-S Po,t nq Pr'V.rc J.iy* Optorg Shipping Pte. Ltd tEL M A W fVPfItSA L :Nf AS Viß:*'.'AS AOGEMiNAS a«GFN T >N€ NATipsii. S O ESTERO LA RIOJA CATANARCA N C. Tmmi Santo* MvMm I Atr*s M Ml IHI 1« 1*:: Ml
      417 words

  • Page 23 Advertisements
    • 929 23 The Straits Steamship Group Mansfield Container Shipping Re Ltd P&O Containers Limited Abo Accepting Cargo For: NMtaff to Cipwlmin. Ajrtw. GoChorturt. feino. StK*MK. Mt> Mtortaa to Aahnr* AMtontim. Otto li—ihm to Btwmh to all UK tatinttrare Mfatt MO OuMm (CONTAINERSWP SERVICE FROM UK/CONTVCNT: HONG IONC EXPRESS CARDIGAN BAT BEN A
      929 words
    • 626 23 C SAV t 7ZZ TO/FROM feeder ffsu IrponlWTNU vessel m arka w autot valf sai CSAV 1 W MMLE STAR UflJ W Saw i w car carrier wu *1 CARGO FOB PUNTA ARENAS, TALCANUANO (SAN VICENTE) ACCEPTED WITH T/S VIA VALPARAISO Singapore *****00 Booking *****08 K. Lumpur P. Kelang *****25/6/8,
      626 words

  • Page 24 Advertisements
    • 354 24 BE Hapag-Uoyd S'ton H'burf B'h L*r say Hongkong Lifrw Cardigan lay ToUfJ Bay Takio Eiprtss Kiwtwn Bay Frankfurt Eiprtu Oiaka Bay City W Edinkurgtt L»«i Hongkong Ei«rni Cardigan Bay ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN COPENHAGEN, AARHOS. GOTHENBURG. MALMO HELSINKI. OSLO. AMSTERDAM CARIBBEAN 4 S AMERICA CONV SEMI-CONTAINER SERVICE TO
      354 words
    • 741 24 tutu tm»mt cn*»*A rm FULLY CONTAINERISED SERVICE TO FUROPf VIA SUEZ Mfmh rt ,he Cf C( > n^, CZI 8 m mm. Hfl JCSline fROM I JROPf VIA SUEZ fl A Mrmb-f ol Ihf C f Consort,un, KOREAN CHANCE BE NEPTUNE DIAMOND 72E ORIENTAL CHIEF Stt KOREAN JACEJIN 41E NEPTUNE
      741 words
    • 378 24 Wa FREIGHT LINKS EXPRES PTE LI NEW WEEKLY DIRECT SERVICE TO COLOMBO: SAILING 29/11 4/12 SIN FOR: PORTO. LISBON. ORAN. BILBAO 26/NOV MADRID, MALAGA, MELILLA 1/DEC TANGER. TENERIFE, LASPALMAS, TUNIS. VALLETTA, IRUN. CEUTA, ALGIER ISTANBUL M-S-A. PORT MORESBY, RABUAL, LAE KIETA. MADANG KIMBE NOUMEA 27/12 SUVA/LAUTOKA 31/12 MIDDLE EAST FAR
      378 words
    • 1263 24 *J EVERGREEN Full Sen ire Round-The-World East Bound (FE/CARIB/USEC/EURQ/FE) SCP HKC KSC KLC PUS OSK TYO KSN ever genius 2*ll 2*ll mi 1/12 a/i EVER GREET 102 702 *12 11/12 v EVER UNKING *12 W2 I*l2 1702 nn EVE* GLOBE 1702 2102 2*12 2*12 1M EVER GENTLE 21/12 27/12 a/12
      1,263 words

  • Page 25 Advertisements
    • 594 25 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 PAR EAST CONTAINER SERVICE MAJAFAHfT GOWA HOT A EAGLE VOY SIN jkt my VOY SIN poo hkq kao kee htc yok ngo kob bus IMB SLO SU> 8U) IMB 25/11 OMT 25/11 OmN Omit 5/12 7/12 0/12
      594 words
    • 262 25 NORBUL NORBULK CARGO SERVICES LTD. REGULAR CONVOJTIONAL TIMBER AND PLYWOOD SERVICES TO: UK CONTINENT PORTS TO: INDIA/PAKISTAN PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL Kt PH S P YEO SHPG 4 T9DG Kl 'W9844 PK *****01 PENANG TANJONG MARINE SDN BHD TEL Bft.'S SABAH TRANSPAC KK TEL jMM ??i:4e
      262 words
    • 597 25 \rm BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT HAM HAVEN rOAfl HAVH STOW P KLANS SW[ FOR Car*(M by SIIM SmM S*tM Salts* S»M 27 fll HU HU.UO •mm* SnM biM SmM MM SwM 2/12 *12 HU. KAO '«P »n S..M SMM SMM SmM SMM *12 U/U NM. MO
      597 words
    • 531 25 DJASAGETRI A Joint Europe Sarvtea Of: P.T. IMKMTt UITI P.T. BESOM LL4TI P.T. IMHMU MMMBU P.T. TMKOU LLSYI EXPRESS SEMI CONTAINERSNIP SERVICES SIN6APORE TO EUROPE V* BILBAO ADAM/ROAM M'BURWBREKN Z X AC **T7 r CONVENTIONAL CARGO VIA T/S TO COPENHAGEN AARHUS, GOTHENBURG DJAKARTA LLOYD INDONESIAN NATIONAL LINF EXPRESS SEMI CONTAINERSHIP
      531 words
    • 437 25 BOUSTEAD SHIPPING AGENCIES f* BURMA FIVE STAR 1 (Burmese National Line) Loading for Rangoon S pore P.Keiang Penang Bangkok SITTWAY V 33 I*7l Mm PA-AN yum ifiOK PAGAN VUIW M Ok BANK UNE IVYBANK V2ON PRO-ATLANTICA VIN (CALLING LEIXOES 8/1) TAUSALA SAMOA VIIN SPORE ROAM HULL HMBG 22/11 15/12 24/12
      437 words

  • Page 26 Advertisements
    • 1277 26 P* k K"LinE SHIPPinG QPITfI ATLAFITIC COAST (Round-The-World Service) •PK/PNG SPORE LB ORIENTAL FORTUNE V 6 Sid 26 Nov 19 Dec NEPTUNE JADE VlO 78 Nov 3 Dee 26 Dec •VIA FEEDER NYC HFX 2 Jan 6 Jan 9 Jan 13 Jan PACkFkC SOUTH-WEST FEEDER VSL 'PK/PNG SP MOTHER VSL
      1,277 words
    • 655 26 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* PKalang I Liner Veu* from Srdn Ate Accept! V.29 21 Ok S Jan 14 Jan 12 Jen Adel/Bro -RAVIDAS »J9 21 Jen sr* 14 Feb Uft Adalßris INDIA EXPRESS CONTAINER SERVICE Accept* FCL/FCL Contains sin. J ME ODOR FONTANE V 12N 21 No.
      655 words
    • 751 26 feTto GOLDEN LINE ftCjtV SUM GUftN SWUNG (PTE) LID muSm SMII: s*3*l <I« IMSI FII SGSM STRAITS/PERSIAN GULF SERVICE: Sport P Ketar* OCX.DEN WONDER Colombo/Kirachi Dubai Dammarr In Port GOLDEN BEAR ColomboKarachi/Dubai/Bahrain Ifl Doc CHINA SERVICE A VESSEL Xinpng, Shanfhai 29/31 Mo* Ml TUN SHAN Shanghai 21/29 Nov 2/3 Dec
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    • 462 26 PHI LI on It NT LIN €5 PT€ LTD HEAD OFFICE 63 ROBINSON ROAD •OM2 AFRO ASIA BUILDING SINGAPORE 01C6 TELE RS ***** PHILI FA* *****76 EAST FAR EAST S/12. U/1Z 10/12, 22/12 wii. «m DUIAI DAJMMAN KUWAIT. DOHA. MUSCAT. BAHRAIN. ABU DHABI I SHARJAH JEOOAH. HOOEBAH. AQABA N KONG
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  • Page 27 Advertisements
    • 854 27 NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE. LTD FE EU/AUST TPA/SEA Terminal CFS BOOKINGS *****53 *****42 *****22 *****53 *****19 27*116 27*111 27*141 NEPLINE SON BHD. 3HBN7 inward/Outward NEPLINE SON BHD. *****33 ENQUIRIES 2787*44 NEPLINE SON BHD. *****5/6276««2766l ****** NEPLINE SDN BHD *****0/*****1 FM EMT/EUBOPt RHIY COMTMHEMSEO SERVICE TO EUROTC/UK (VIA
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    • 415 27 ocr**M HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON 1 CEYLON SHIPPING CORPN National Line of Sri Lanka FULLY CONTAINERISED SERVICE TO COLOMBO ARABIAN GULF. RED SEA E C INDIA r v-t-»l Mother Vessel S port Cbo L Siri/KW mi L. Ajitha/2WI 2/12 Mother
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    • 649 27 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 ***** Pf MAMT P ttLA*G PtKAm. W% HANDIINC SYSTEM CO SO* BHD KSSRS HAITHONC SHIPPING 127 Strl 14
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    • 23 27 Zr* EMBASSY/FRIENDSHIP /Ift FREIGHT SERVICES tel: nmsKTvtmzn fax amu tlx: m mm ANTWERP ETD 27.11.87 Also Accepting To: EUROPE/FAR EAST/ SOUTH EAST ASIA
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  • Page 28 Advertisements
    • 305 28 SIN6APORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 i3O L.nes> FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD is] STOCK Vtß DEUTFRACHT/SEEREEDEREI RQ INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO- Accepting cargo for INDIA Bombay Cochin, Madras A Calcutta "VIA LARNACA: Accepting cargo for Lattakia,
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  • Page 28 Miscellaneous
    • 182 28 '1 Regional Weather m st/=r V OS" 91 8 t a i_ 10N wf Ol r. J w il y S •L iS V ?S ■B i m *2 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. R Thunderstorm Temperature o c X\ > e Weother Wind direction
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  • Page 29 Advertisements
    • 739 29 iIS MPNC LINE MASKAPAI PELAYARAN NUSANTARA CONTAINER LINE WEEKLY FULL CONTAINER SERVICE BETWEEN S'PtftE/JAKARTA Vessel Voy Spore Jakarta MAUNG 01N/S Sailed 23-25/11 MAUNG 02N/S 2»-»/ll MAUNG 08N/S 4-5/12 74/12 AGENTS ANTARNUSA CONTAINER LINE PTE 5! ANSON RD feoB 53 ANSON CENTRE S PORE 0207 TEL *****87 FAX *****50 LTD UNI-OCEAN
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    • 256 29 UNIPACIFIC TRANS. TRADING AGENCY* PTE. LTD. IRAQI LINE IRAQI STATf HT( DPIISf fO» TMII*»r«T EAST BOUND SERVICE ETA S PORE LOADING FOR WEST BOUND SERVICE ETA S PORE LOADING FOR 1 MV BAGHDAD »U Jeddah Atpba MV BASRAH 10/12 JeftUh A«*bi B*iMrt _T I THROUGH B/Ls to BAGHDAD UPON REQUEST
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  • Page 30 Advertisements
    • 520 30 FINE LINER SHIPPING PTE LTD. 70 Shenton Way. 04-02 C Marina House S pore 0207 TEL *****77 (6 Lines) TLX RS ***** FLINER FAX *****56 EUROPE SERVICE MIDDLE EAST GULF SERVICE 1 |"0 008 SHJ AOS OAM KWT BAM OOH 7/12 i/12 *12 1W UfU 12,U 14,1fc12 wu wu niu
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    • 510 30 ZIM FULL CONTAINER SERVICE accepting FCL/LCL cargoes to USA East 4 West Coast, Caribbean.East Canada. HAITI, Port Au Spain, Barbados N. ST LUCIA AUSTRALIA CONTAINER SERVICE VtSSt L ZIM STOW* ***** ZIM TRIESTE 1312 ZIM AUSTAUA 23/12 ACCEPTING CAWO TO ADELAIDE VIA MELBOURNE AND ALSO FCL TO GUAM IT ZIM
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    • 581 30 Everett Lines/ COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" 51 IW4 DAVAO* AND TO OTHER REP. OF PHILIPPINES PORTS* Penang* P. Kelang* Singapore MURRAYEVERETT IJ2 OK JOHNEVERETT 2/3 Dec THOMASEVERETT 12/13 Dec LOADING FOR CHITTAGONG. MONGLA (CHALNA) AND CALCUTTA#, ALSO ACCEPTING CONTAINERS TO CHITTAGONG AND CALCUTTA# Singapore P. Kelang* Penan**
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  • Page 31 Advertisements
    • 263 31 aw ffjP Egyptian International Shipping Company SERVING OKCT TO/FROM PONT SUEZ, ALEXANDRIA, AND PORT SAID BY EGYPTIAN FLAG VESSEIS WESTBOUND TO EGYPT >m.v "tnrna." i« rr* spo*e n nov [tArfouwo mom ion»T> a.*, "trma- vi 4« eta a*one dmnm ACCEPTING comtamcr and conventional cargoes lion aqent KAWASAKI STONE (PTE) LTD
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    • 663 31 VESSEL S. TAB UK FEA 027 S MAKKAH FEA 039 S. HOFUF FEA 0» ~-in v.» MU-ijitrr Ml THE NATIONAL SHIPPING COMPANY OF SAUDI ARABIA REGULAR RO-RQ SERVICE TO MIDDLE EAST SINGAPORE I P KELANG 13 DEC 27 DEC 29 DEC 10 JAN 12 JAW I fl JAN I Accepting
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    • 337 31 G PW> OCUM LINES (Ported China Ocean Shipping Lints) Destinations: SHANTOU, GUANGZHOU HUANGPU, XIAMEN HAIKOU, ZHANJIANG XINGANG, QINGDAO SHANGHAI OTHER PORTS Etd. S PORE Etd. PKLG WEEKLY SAILINGS CONSOLIDATION SERVICE FROM: SINGAPORE/P.KELANG PORT LOUIS AUSTRALIA _-Ii 11 ]/J: 11 1111 /Hi iiini MARITIME TRANSPORT MANAGEMENT PTE LTD m mr TA
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  • Page 32 Advertisements
    • 301 32 UL Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS KK SPORE PK pt REU DBN CT ®/ll 1/12 11/12 2C/12 Z7/12 2/1 12/1 VELOS I V7P 28/11 1/12 11/12 21/12 27/12 2 •Alio
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    • 505 32 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SQI-COWTAJNER SERVICE TO NORTHBOUND TO UKC IVYBANK V2ON PRO ATLANTIC* VIN TAUSALA SAMOA VUN MORAYBANK V4N RDM/A DAM HBG HULL (U.K.) 1502 18/12 24/12 12/1 14/1 yta 21/1 2s/i i/2 10/2 14/2 Calling Leixoes •Alio Acoiptiflf FCL to Antverp/Branen/feliutowe/SoiJthainpton/MfMt/Gathmkurt M'n!
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    • 342 32 WEEKLY CONSOL SERVICE TO/FROM KEELUNG ACCEPTING LCL CARGO ONLY ETD SPORE ETA KEELUNG CON-CARRIERS 21/P ?411 30/11 COM-CARRIERS 22/17 2/12 1/12 COM-CARRIERS 23/17 7/12 14/12 WEEKLY CONSOL SERVICE TO MELB/SYDNEY ETD S*PORE ETA STB ETA MEL B CON CARRIERS 2tfV 27/11 I*o2 23/12 CON CARRIERS 27/17 1102 4/1 VI Abo
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    • 778 32 rf M CALL US AT? P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR *****53/*****11 *****122/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 Will, WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER B BUTANC «3 OTHER DESTINATIONS: AARHUS AMSTERDAM. ANTWERP. BASLE. BREMEN. BREMERHAVEN. COPENHAGEN. HELSINKI. MALMO. OSLO.
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