The Business Times, 24 November 1987

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 112/12/86 TUESDAY, NOVEMBER 24, IM7 75 CENTS
    11 words
  • 153 1 Overseas markets Monday HK Hang Seng Index 2141.71 (-72.99 Tokyo Nikkei Average Closed Sydney Ail-Ordinaries 1249.4 (-6.4 Friday New York (Dow Jones) 1913.63 (+18.24) London (FT 30 Index) 1285.7 (-4.2 (Monday noonsl311.3; +25.6) Exchange rates US): 134.70/80 yen 1.6670/80 DM £t US$1.7850/60 M$: SS0.8137/45 Simex Euro-S (Dec)
    153 words
  • 341 1 FOREX MARKETS yesterday cold-shouldered the US budget package by driving down the American unit against the Singapore dollar and key currencies. The greenback crashed below the 552.03 level against the Singapore dollar for the first time since 1981, when it closed feebly at 552.0265.
    341 words
  • 243 1 UPI THE SOVIET UNION has signed contracts with China to modernise two factories as part of a "large-scale" economic cooperation programme involving 24 joint projects. Radio Moscow said yesterday that the contracts "are aimed at helping the economic advancement of that country. Contracts have been
    UPI  -  243 words
  • 533 1  -  By SOH TIANG KENG Financial Correspondent THE STOCKMARKET CRASH will not usher in a world recession. Instead it will cause slower economic growth in industrialised countries next year, said Mr Gerald Holtham, international economist with Credit Suisse First Boston. The bank yesterday held a
    533 words
  • 249 1 SHARE PRICES in the major markets closed lower in thin trading yesterday despite the agreement reached by US negotiators on the budget deficit cut. The fact that major market leader Tokyo was closed for the day also led to quieter trading
    249 words
  • 49 1 Reuter WALL STREET stocks were mostly lower in early trading yesterday. Brokers said some buying was encouraged by hopes that the budget plan might have some stabilising effect on world markets. The Dow 30 index was off four at 1910. Declines led gainers by three-to-two. Reuter
    Reuter  -  49 words
  • 55 1 AP THE ACCORD to cut the US budget deficit and a favourable domestic industrial survey helped boost London share prices strongly yesterday. The FTSE 100-share index was up 30.4 points at 1.663.8 at 1300 GMT, the highest level so far in the session. But volume was a very
    AP  -  55 words
  • 234 1 Reuter CHINA'S armed forces opened its first international exhibition of military back-up equipment in Beijing yesterday, hoping to conquer foreign markets and attract advanced western technology. More than 100 stands from 17 foreign countries displayed wares including trucks, cranes, computers and medical equipment. One
    Reuter  -  234 words
  • 257 1 "ABALONE KING" Ng Choon Ser and his son, Khway Tiat, will be brought before the Subordinate Courts this morning for what the Commercial Affairs Department has described as "cheating offences". As to the number and exact nature of the offences, a
    257 words
  • 536 1  -  SEPARATE 547.3 M WRIT AGAINST TOWN CITY By LISA LEE A SYNDICATE of three banks and one finance company has filed a massive $64 million suit against Indonesian hotel and property developer Hendra Rahardja for default on loans to Bestland Development Pte Ltd, the
    536 words
  • Page 1 Advertisements
    • 116 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM .Your voice turns me on. And off! j 1 A vole* activated micro-cassette Business-corder from Sony, featuring:•VOR (voice-operated recording) brings hands-free operation »H (High):VOß operates at small sounds L (Low): VOR operates at bigger sounds OFF Normal recording only Fast playback. Listen to the
      116 words
    • 366 1 Worldwide recovery forecast for bonds, Pago 13 Local report, Pago 16; Hock Lock Slow, Pago 17; Rag tonal Markot, Paga 18; Impact of oil slump THE WORLD'S oil slump is having an impact on Singapore forcing companies and personnel in oil-related activities to diversify into other areas, even non-oil activities
      366 words
    • 59 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Shipping Tlmas comas as a separata saction today. Maka aura you gat your copy. Cartier Vv -vv vv vv,^vvv r i a m m S> Sarko/ de Cartier >*Vw^VjS rsia BOUTIQUES ley mu/t' de Carlier ftxn #01-36, Lucky Plaza, 304 Orchard Road Tel: *****27.
      59 words

  • HOME NEWS
    • 472 2  -  By TONG SUIT CHEE TAKING A BITE at the export market soon will be a new $3 million laboratory which will produce false teeth. Sin Deutschland Hi-tech Dental Lab Re Ltd. a joint venture between Singapore and West German investors, will produce crowns, bridgeworks
      472 words
    • 73 2 A SURVEY on the training activities of small- and medium-sized enterprises is being conducted by the Singapore Chinese Chamber of Commerce and Industry (SCCCI) to assess the effectiveness of its training programmes. The survey is directed at owners/employers of small- and medium-sized companies as well as employees
      73 words
    • 72 2 IN YESTERDAY'S report, "Education exhibition draws foreign interest". BT wrongly referred to British High Commissioner Michael Pike as Sir Michael. In an article "Two local efforts capture world honours" (Nov 20) the prize-winning programmes were said to be produced by the Institute of Education's Department of Educational
      72 words
    • 245 2 THE BRITISH ALUMNI (Singapore) is starting a financial scheme for Singapore students studying in the United Kingdom. Alumni president Dr Charles Ng will launch the "Students Assistance Scheme" at the alumni's inaugural dinner and dance on Friday. The First Deputy Prime Minister and
      245 words
    • 199 2 EMPLOYERS should provide retirement counselling for their staff, a senior government official has suggested. Many people retire with little guidance or formal preparation for the time ahead, said Mr Zulkifli Mohammed, Political Secretary of the Ministry of Community Development. Employers could therefore
      199 words
    • 228 2 AN ADVANCED high-frequency radio set will be installed at the Singapore Rescue Coordination Centre next year to improve communications on search and rescue operations io the region. This was disclosed by Mr Lim Hock San, director-general of the Civil Aviation Authority of Singapore, at
      228 words
    • 204 2 A LABOUR MINISTRY survey of 784 companies has found that at least half of them will eventually have flexible wage systems. So far. 10.2 per cent of the companies have such systems in one form or another, according to the survey, the findings of
      204 words
    • 114 2 THE Singapore Manufacturers' Association is sending a trade and investment team to the Middle East on Friday for a twoweek mission to identify export and sourcing opportunities. The mission, organised with the support of the Trade Development Board, will visit Dubai, Kuwait, Bahrain
      114 words
    • 358 2 THE SKILLS DEVELOPMENT Fund has committed $6.7 million to-date to companies for training 32,000 workers under the Core Skills (or Effectiveness and Change training programme. And the programme will be stepped up, with plans by the National Productivity Board to triple the number
      358 words
    • 146 2 TRANSPORTATION and freighting in the Asian-Pacific region is to be the focus of a conference to be held in Singapore next year. The Pacific Transport, Freight and Distribution Conference and Exhibition will be held at the Raffles City Convention Centre from June
      146 words
  • Page 2 Advertisements
    • 525 2 I 1 u 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 NEC mainframe, you get a reliable A computer
      525 words

  • ASIA-PACIFIC
    • 258 3 AP MORE THAN three-fourths of Japanese workers want to work wholeheartedly for their companies and favour life-time employment, and more than half feel guilty about taking paid vacations, according to a national survey published yesterday. Seventy-six per cent responded that they wanted to work wholeheartedly for their
      AP  -  258 words
    • 361 3 AFP THE CHINESE communist party has designated the southern province of Guangdong as an "experimental area" for the expansion of market-oriented economic reforms. The New China News Agency (NCNA), in an interview with Guangdong party secretary Lin Ruo and governor Ye
      AFP  -  361 words
    • 555 3 Reuter CHINA produced more than two million refrigerators last year but expensive imported production lines which could have made a further 11 million stood idle. These statistics, disclosed by the official World Economic Herald in Beijing yesterday, illustrate the government's struggle to stop a
      Reuter  -  555 words
    • 180 3 AFP THE PHILIPPINE economy may slow down in 1968 after showing signs of recovery this year, the head of a major state-owned bank said recently. Jesus Estanislao, chairman of the Development Bank of the Philippines (DBP), said the country's gross domestic product (GDP) may
      AFP  -  180 words
    • 129 3 AFP INDIAN CASUALTIES in the offensive against Sri Lankan Tamil guerillas are more than double what the government has admitted, the Times of India said yesterday. Almost 500 Indian soldiers had been killed compared with the official toll of about 240, the Times reported
      AFP  -  129 words
    • 69 3 Reuter PAKISTAN's trade deficit narrowed to 2.69 billion rupees in October from a revised 3.36 billion in September and compared with 3.37 billion in October 1986. the Pakistani Federal Bureau of Statistics said. Exports rose 7.9 per cent to a provisional 6.25 billion rupees in October
      Reuter  -  69 words
    • 488 3 MBT UNEMPLOYMENT in Malaysia could touch 10 per cent in less than six months if the economic recovery fails to gather momentum, according to Political and Economic Risk Consultancy (P and E) of Hongkong. The economy needs to grow at a
      MBT  -  488 words
    • 283 3 Reuter TAIWAN sent a large mission to Western Europe yesterday to try to diversify exports and imports and ease trade friction with Washington, officials said. The leader of the 50-member mission, Wellington Tsao, said it would buy at least US$lOO million worth of
      Reuter  -  283 words
  • Page 3 Advertisements
    • 44 3 EVERYTHING YOU NEED IN A LUXURIOUS OFFICE for the price of a room! WORLD-WIDE BUSINESS CENTRES <S) PTE LTD #11-04/06 Peninsula Plaza. Tel: *****69 Complete facilities telex fax, copier word processing secretarial services, conference room answering service long snort term lease vou name it'
      44 words
    • 160 3 A commitment to the office of the future backed by years of experience? VS*? w :X Bscs. z&W. Il V;': '■r&'-'&vU s. >V".» "I "Vtte >-v.r v• 1 t c Getz has got it GETZ INTRODUCED THE FIRST OPEN PLAN OFFICE FURNITURE SYSTEM TO SINGAPORE IN THE EARLY *****. SINCE
      160 words
  • Page 3 Miscellaneous
    • 83 3 v//s^ 28/18 09/05 t 22/15 20/13 10/03 24/06 27/20 02/-09 06/05 35/26 09/04 08/05 08/03 21/20 00/-03 21/11 26/23 29/23 26/07 15/12 33/24 19/10 26/12 00/-02 32/24 unav 19/11 09/04 21/13 17/04 30/22 24/13 24/09 21/13 -09/-14 Moscow Nassau New Delhi New York Nicosia Oslo Paris Perlh Rio 'Joneiro Rom*
      83 words

  • REST OF THE WORLD
    • 535 4 Economists see no reasons for recession Reuter AN INDEPENDENT COUNCIL of economists has forecast that West German gross national product will grow about 1.5 per cent in 1988, the newspaper Die Welt reported yesterday. Finance Minister Gerhard Stoltenberg recently spoke of 2.25
      Reuter  -  535 words
    • 359 4 AFP THE BRITISH ECONOMY will grow by only 2 per cent next year, against 4 per cent this year. Forecasts issued by the Confederation of British Industry (CBI) in London yesterday show that industrial production will rise by 4.9 per cent, compared with
      AFP  -  359 words
    • 345 4 Reuter US AND SOVIET foreign ministers opened three days of talks in Geneva yesterday, hoping to complete the first arms control treaty in nearly 10 years and clear the way for a successful superpower summit in just two weeks. US Secretary of State
      Reuter  -  345 words
    • 126 4 Reuter SOME 500 of the world's top crime fighters met in Nice, France, yesterday at Interpol's annual conference to discuss new techniques for combatting illegal drug traffic, fake art. counterfeit money and terrorism. The main objective of the week-long conference of the international organisation
      Reuter  -  126 words
    • 411 4 AFP THE REFORM of the Soviet price system will become operational on Jan 1, 1990, with new higher prices being applied from the following year. The top official in charge of the changes said that reform of the price system, which will
      AFP  -  411 words
    • 135 4 AP DISEASES and pests ranging from weeds to worms are responsible for a loss of 45 per cent in food production, the World Bank said. For some countries and crops, the loss can be as high as 80 per cent. "With the world
      AP  -  135 words
    • 949 4 ARRIVALS 1 1 S*rvk» Local From number tint* JAL JL617 0305 TYO FT FT75 0308 JFK/DFW/UH/ ORD/ANC/NRT/ CAl MNl/TPt Q333 0405 TPE MAS MH681 0620 KUL su SQ417 0620 DXB/KW sv SV398 0635 JED/RUH MAS MH811 0910 PB* MAS MH671 0920 KUl AC AC858 0950 YYZ/LHt/BOM SU
      949 words
  • Page 4 Advertisements
    • 214 4 fr fl fefc m i JJ \IC a-.-. <*- v > Hlk m VINO NOVELLO ONLY AT RISTORANTE BOLOGNA Whose nose knows what's good? Qiovanni's, of course. And only a good old Itcdian nose could have discovered how to get great Vino Novello to Singapore before anyone else. "Vino Novellolike
      214 words
    • 61 4 f I If llf The business person's choice, every I I II I II I Tuesday. Thursday. Saturday and I 1 ll\ I §1 \j II w Sunday. Leaving Chongi Airport ot J_ V->/A 1 _L 22:05 hours ond arriving at Lester B. Pearson International Airport the following day. Call
      61 words
  • Page 4 Miscellaneous

  • Page 5 Advertisements
    • 370 5 J ri't-' f V« y- §ral Sy^nOfc \i ~W& $89M8l'E Occasionally, one has to put ones' foot down to show who's in charge. /> fifipßsi ifs&i r i".;. -V' v -;.v^3. rv;, iPi «2 h«* >> sat •i Hi msWM i >• J* BMIilaM Tgkgd *> fcri S=fc=i ••> M
      370 words

  • COMMODITIES
    • 492 6 Reuter A LONG-STALLED Japanese-So-viet oil and gas project may finally get off the ground because of Japan's wish to diversify its sources of oil supply. The scheme is centred on the Soviet far eastern island of Sakhalin and could yield 100,000 barrels per day
      Reuter  -  492 words
    • 130 6 Taipei farmers crack a chicken-and-egg problem AP TAIWAN'S farmers have decided to dump 1.5 million hens on the domestic market to prevent a further drop in the price of eggs, according to a poultry association official. Tung Ming-yi, spokesman for the Poultry Association of Taiwan, said on Monday that about
      AP  -  130 words
    • 334 6 Reuter KUWAITI OIL MINISTER Sheikh Ali Al-Khalifa Al-Sabah has been quoted as saying Opec should keep its US$lB a barrel oil price at its meeting next month in Vienna and raise the group's production ceiling. He told the Al-Watan newspaper: "Our goal
      Reuter  -  334 words
    • 357 6 Bernama THIS YEAR HAS BEEN bullish so far for the international pepper market. Although the high prices noted at the beginning of the year declined in the course of the first half of the year, there has been a continuing
      Bernama  -  357 words
    • 469 6 Crude palm oM prtcee closed higher yesterday on light covering end speculative buying interest, supported by steadier palm oil futures. Interest was confined to the South region where in Nov and Dec it roee $5 and $10 to MsB4s and $850 per tonne respectively. Ths refined palm oil
      469 words
    • 207 6 HONGKONG: Gold closed little changed in thin trading yesterday. The metal ended at U*****.10/60 an ounce against the 468.25/469.00 close here on Saturday and the 469.50/470.00 finish in New York on Friday. On the local market, it ended unchanged at HK54,339 a tael. The Krugerrand lost $5 to
      207 words
    • 129 6 Reuter THE Kuala Lumpur Tin Market price fall 13 cents la M$l7Jl a kg at Mm doee yesterday on lack of demand, extending last i' io®jf s roil* Dealers said a poorer lead from the European spot tin market attracted etiong eel ling Interest at the start of
      Reuter  -  129 words
    • 100 6 PETROLEUM product prices yesterday continued to reflect the bearish mood in the market. Availabilities for fuel oil and gasoil continued to be healthy with buyers all seemingly relaxed as they expected prices to continue their slide. Other products mirrored the thin but cautiously negative mood of the
      100 words
    • 349 6 AFP THE RECENT PRICE BOOM for copper, a mineral that accounts for 90 per cent of Zambia's foreign exchange earnings, will provide breathing space for the country's ailing economy and help raise funds for the new economic recovery plan, although the boom
      AFP  -  349 words
    • 174 6 SINGAPORE The market closed higher yesterday with December 1 RSS buyers quoted at 212.00 cents s kilo, up one cent from Friday's cloee. On the TSR-20 market trading was very quiet all day but prices were marked up slightly in line with the RSS market. December TSR-20 closed at
      174 words
    • 237 6 RAS prices msc antoA* R MlnM M NOON CLOSE lvy*r* Setten Bwyon Sitoi Int 1 RSS Prompt 212.50 213 JON 212 JO 21 3 JON to 1 RSS DK 87 212.00 213.00 2124)0 213.00 to 1 RSS ion M 210.50 211.00 210J0 211.00 to 2 RSS Of
      237 words
    • 78 6 lemtt/kg, 1-ton poWt») DECEMBER 87 JANUARY 88 (currant month) (forwtM -d month) RAS NOON f 11 jiwn NOON Iwrtn S«ll«n SSt 30 212.50 214,50 212JO 214.50 SSt 50 211.00 213.00 ***** 213.00 Saton SMX cv 266.00 263.00* 267.00 S<IUri 269.00N SMI L 266.00 268.00N 267.00 269.00N SMI
      78 words
    • 198 6 Chinese Produce Exchange SoMon' noon doting p trkos on Nov 23 (SS/100 kg) Coconut oil hft FOB 93.00 Old drum FOB 103.00 Now drum FOB 107.00 Copra Mixod (Ioom) 53 Pepper "Wnvi win® FOB NLW 1250.00 Sarawak wMm FOB foq NLW 1235.00 Sorowok iptdol Mock FOB NLW 882.50
      198 words
  • Page 6 Advertisements
    • 248 6 HOLLAND AVENUE m t( i*r *1 »>* S 'H^ LIVING ROOM BEDROOM ji J /amer Court is conceived with much thought for /\(\l privacy and ambience. Nicely nested in the renowned V V and picturesque Holland Village, Warner Court enioys all the convenience and friendliness of the neighbourhood shops and
      248 words
    • 41 6 Orient Car Leasing Reliable long-term car rental for the business executive on the go. Call our HOTLINE now: 469 1455 ORIENT CAR LEASING PTE LTD 913, Bukit Timah Road, Singapore 2158 I®* We take good care of our cars for you!
      41 words

  • Page 7 Advertisements
    • 416 7 NISSAN 4 I Additional center member Closed air box V Brace in lower part of front pillars Brace in upper corner of front pillars f .mm Rear parcel shelf joined directly to strut housings Brace in upper corner Reinforcement in rear of rear pillars pillars Reinforcement m roof panel 1
      416 words

  • FOCUS
    • 1065 8 Pumping money into tourism projects in the name of progress does not always bring happiness to the local people. Nor does it always bring in tourists. This page looks at how these projects affect the people of Japan's island chain of Okinawa and Iwasaki
      AP  -  1,065 words
    • 642 8  -  By ERIC HALL Reuter FOUR HUNDRED YEARS AGO, the impoverished farmers of Iwasaki Village watched as the shogun's troops burned their lord's castle to the ground. Today, 260 families directly descended from those farmers own the lord's land and, sitting on real estate now
      Reuter  -  642 words
  • Page 8 Advertisements
    • 111 8 r > 1 t r\f I fW r *7? ?*3&3®SK£& *aEE3&m k. T.I *V v '---1., J CSS®i IP me. V>>it i E 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
      111 words
  • Page 8 Miscellaneous
    • 646 8 CRYPTIC PUZZLE ACROSS 3 Light to carry (5) 8 The record book? (5) 10 Outwardly holy tree or bush (5) 11 Vessel right out of turn (3) 12 Tree or soft variety of cane (5) 13 Is able to be stubborn with frankness (7) 15 Squashes fruit (5) 18 A
      646 words

  • Page 9 Advertisements
    • 281 9 Sharp's In lfour Comer A wide variety of super-efficient copiers with automatic functions to work in your corner, for your section, or near your desk. f SF-7100 Compact Full-Featured Copier 10 copies per minute Auto exposure for perfect copies. Up to B4 originals. Automatic toner dispensing. iffIk W 16kg Weight
      281 words

  • PERSPECTIVE
    • 534 10 THE SPECTACLE of President Ronald Reagan killing a bear with a peashooter brought into sharp focus the effectiveness of Mr Reagan's weapon, or the lack of it. The President himself admitted the budget trimming exercise was not the best deal that could have been struck. Certainly,
      534 words
    • 1508 10  -  While the Singapore economy is generally back on the growth path, the oil-related industry continues to languish. MICHAEL RICHARDSON reports on the impact the world's oil slump is having on Singapore's refining, oil-rig construction and services companies. MICHAEL RICHARDSON IHT AT THE JOCKEY
      IHT  -  1,508 words
    • 615 11  -  Well-educated, affluent and patriotic to a point verging on zealous nationalism, South Korean youths are a force to be reckoned with in the country's first presidential election in 16 years to be held next month. LAWRENCE MacDONALD reports. LAWRENCE MacDONALD AFP SOUTH KOREAN
      AFP  -  615 words
  • Page 10 Advertisements
    • 54 10 Would you father program your L'i I h *Y I Or move right up dose? !<■ L/ L to a r m**»BB®s» »«i rrr sia <*♦ i ■<> I V J ll i? $i M,' ****■■■< i *SS!* M. it. aV.'J !>» > m tm m ism >:■• W* §M|
      54 words

  • Page 11 Advertisements
    • 227 11 v« from a comfortable distance I l EH Mi v npin Power on Remote programming Permits unattended recordings of up to 4 pre-selected programmes in advance for any 14 consecutive days. Pause/still. To view a still picture during playback. Frame-by frame advance. Reset clear function Quick Start Recording (QSR). A
      227 words
  • Page 11 Miscellaneous
    • 1196 11 to to mm PM SBC Text Sample Pages. Opening ond Programme Highlights followed by Cord Burnett And Friends. The Baby Business (See highlights). Musical Interlude. No Place Like Home. Cosmopolitan Theatre Melbo (Pt 7). World Music Album. Masters Badminton '87. It features the men's singles final between Denmark's Morten Frost
      1,196 words

  • MONEY AND EXCHANGES
    • 1315 12 SINGAPORE: The US dollar closed lower against most major currencies yesterday as news of an agreement to trim the US budget deficit by US$76 billion over two years failed to lift the currency, dealers said. or The dollar began easier dye to selling in New Zealand but recovered
      1,315 words
    • 270 12 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels yesterday after quiet trading. Dealers said activity was slow throughout the day due partly to a holiday in Tokyo. Dealers said news that the White House and Congressional negotiators had agreed to slash the budget deficit by US$76 billion
      270 words
    • 235 12 Reuter WEST GERMAN call money held steady around 3.45/55 per cent in quiet trading yesterday as banks continued to enjoy good liquidity ahead of a new securities repurchase tender expected today, dealers said. Market speculation was strong that the Bundesbank would lower its allocation rate
      Reuter  -  235 words
    • 126 12 Gold future* on Nov 20 100 troy ouncat; USS par troy ounce Opt* M* LM to* No* 464.00 466.00 4664)0 ***** 4.60 Dac 466.70 470.90 4644)0 470J0 4-50 ion 4734)3 4.50 w u 47X00 477JX) 470.00 476.20 4.40 Apf 478. #0 49X00 476.40 4*1.90 4.40 JMI ■1H
      126 words
    • 1521 12 CURRENCY FUTURES OPTIONS IMM Friday, No •ombor 20, 1987 BRITISH POUND £28,000; CM M par t MM Dw« JMM Pat-c PH Doo-P Ja»p Fofc-p 1724 555 6 30 0.35 160 1750 3,50 445 040 2.45 3.10 1775 2.00 3.30 445 1.75 340 1S00 1.10 240 340 5.10 1825 0-50
      1,521 words
    • 558 12 DECEMBER Eurodollar opened five ticks lower yesterday at 92.49 and traded narrowly between 92.47 and 92.49 in light activity owing to the holiday in Tokyo. The weak US dollar due to scepticism on the budget reduction package limited buying interest. The technical tone was also slightly bearish with near
      558 words
    • 156 12 NYT MANUFACTURERS Hanover Corp was expected to announce yesterday whether it would begin distributing some 20 different mutual funds, including products from Dreyfus, Federated, Franklin and Putnam, through 10 of its New York area branches. The mutual funds, which cover a range of
      NYT  -  156 words
  • Page 12 Advertisements
    • 144 12 ■k The Shangri-La Inn Penang brings to the heart of Georgetown a standard of service never before seen in Penang. Its 426 guestrooms and 16 suites feature the finest in amenities. Only Ss6B" Shangri-La Inn And being centrally located in the heart of Georgetown it is the ideal base for
      144 words
    • 68 12 Investment LONDON PROPERTY Our Annual Investment Review 1987 incorporating property market indicators is now available. Please contact us for your copy. Richard Ellis 224-8181 STARTING OUT IN AUSTRALIA We offer consultancy services to companies and individuals who intends to establish their business in any part of Australia. For further information
      68 words

  • BANKING AND FINANCE
    • 320 13  -  By SHIRISH NADKARNI THE STATE BANK of India (SBI) plans to raise US$25O million in securities from non-resident Indians in the United States. Unfortunately, with the American dollar continuing its uninterrupted slide, and the recent Wall Street stocks crash still fresh in memory,
      320 words
    • 84 13 Treasury bills Period Issue Yesterday's dosing Day's code Maturity WD OfffiR HIGH LOW 3 moults &Q*****V 19.2.88 3.67 3.62 3.68 3.63 6 month* BS*****S 21.4.88 3.28 3.23 3.40 3.25 1 y*or BY*****H 22.09.88 3.75 3.65 3.69 3.69 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing
      84 words
    • 182 13 Indicates the iv#tsqc ol thm prime tending rates ol 12 ma|or banks In B'pors Interbank market rates (offer/bid) on Nov 23 us$ DM SWFC Yan 7 day* *7/1- 3/4 9 7/i 3 11/14 9/14 3 1/4 3 4 3/1 4 1/4 1 13/1* 13/16 9 7/« 3
      182 words
    • 181 13 Bernama MALAYSIA HAS YET to get World Bank approval to extend by another year the Ms24o million Small-Indus-tries Loan Scheme which expires at the end of this year. Deputy National and Rural Development Minister Ng Cheng Kuai said yesterday his ministry was still
      Bernama  -  181 words
    • 174 13  -  By SOH TIANG KENG A BOND EXPERT. Mr Eric Kang, yesterday predicted a worldwide recovery of the market for bonds and fixed-income securities. "We believe the buyers of fixed income securities of all Kinds will come back," said Mr Kang, managing director of Credit Suisse
      174 words
    • 58 13 THE overnight rate on the Singapore interbank market was unchanged at 4 per cent yeaterday. The one- two- and three-month term rates were also unchanged. S$ Interbank rates at 7pm yesterday: om mo Ormrmght 4 3 3/4 l«0Mk 3 7/t 3 3/4 >-m* 3 15/16 3 13/1* 3
      58 words
    • 862 13 NYT AFTER ORGANISING the largest federal liquidation of a thrift institution the US$l.3 billion shutdown of the Vernon Savings and Loan Association of Dallas US thrift regulators do not intend to close any other large Texan institution in the near future, said M Danny
      NYT  -  862 words
  • Page 13 Advertisements
    • 216 13 Results just ahead. The first stop on the road to results is a phone call to IBM. We'll ask you some questions about your business and about the kind of results you're looking for. Then we'll put you in touch with the IBM Authorised Dealer or System Remarketer we think
      216 words

  • SPORTS & LEISURE
    • 594 14 AP FERDINAND'S nose has put him in the centre of the Horse of the Year picture. "We're hopeful," trainer Charlie Whittingham said on Sunday when asked about the colt's Horse of the Year chances in the wake of his nose victory ojQC Alysheba in the
      AP  -  594 words
    • 239 14 AFP CHINA'S He Zhuoqiang broke two world records in weightlifting at the Chinese National Games in Guangzhou on Sunday. The New China News Agency (NCNA) said in a report monitored in Hongkong yesterday that He snatched a world record 117.5 kg in the
      AFP  -  239 words
    • 334 15 Reuter WIMBLEDON CHAMPION Pat Cash fought from behind with a brilliant barrage of power tennis to beat Brad Gilbert over five sets to win the South African Open on Sunday. The Australian top seed's 7-6, 4-6. 2-6, 6-0, 6-1 victory in
      Reuter  -  334 words
    • 256 15 AP WALES has the World Cup of Golf and lan Woosnam has a legitimate claim to being, at least for this season, the game's No 1 performer. "Woosie is the best player in the world," said journeyman pro David Llewellyn, who rode the coat-tails of the
      AP  -  256 words
    • 535 15 AP STEFFI GRAF, who devoured women's tennis in 1987, savoured dessert on Sunday with her first Virginia Slims championship. After beating Gabriela Sabatini 4-6, 6-4, 6-0, 6-4 at Madison Square garden, the world's topranked player said her year was like a "menu card". "The
      AP  -  535 words
    • 535 15  -  By WALTON MORAIS TENDERS are being called from interested golfers to bid for a slot in the Greg NormanIsao Aoki special Pro-Am event to be held in conjunction with their $270,000 Showdown in Singapore next year. Eight slots are being put up for
      535 words
    • 430 15 AP JULIO CESAR CHAVEZ knew early on Saturday night that he was going to be the new World Boxing Association lightweight champion. Chavez, who battered Edwin Rosario until the fight was stopped in the 11th round with the champion half-blind and bloodied,
      AP  -  430 words
  • Page 14 Advertisements
    • 756 14 N» m V, r, 999 Well-known hawker rare at f I i II 1 From 1 30 Nov. iHnpL.Pnwn Mee, Curry Mee, Oyster Omelette and I Jj Hokkien Poh Plah... [Ejjjfl #K. ft We've gathered together a whole array of over 20 typical hawker-styte favourites cooked in the best Hokkien
      756 words
    • 206 14 Back by Popular Demand Another Cafe Excelsior's Extravaganza... W Dtou XIK Bugei Once again, a spectacular feast of appe tising dian xin, sumptuous favourites of j vj buns, dumplings and roils are yours to savour. Each snack is a culinary art... a feast of the senses! November 1 to Available
      206 words

  • Page 15 Advertisements
    • 311 15 in *0 d>rill r So much to choose for only $18.50. A sumptuous spread with many different types of appetisers, hot and cold soups, a salad selection ...superb pastries, truffles, tortes... cheese board, fresh fruit...freshly brewed coffee All for $18.50. And for $26.50 you can add a roast or a
      311 words
    • 224 15 ■'1' 1 1 Im. Free Wine Authentic Italian specialties and home-made pasta. And a free glass of our house wine for every guest who brings this coupon in for lunch.* Valid until 4 Dec '87 Reservations: 338 8585 Limited to one coupon per guest. The Westin Stamford URttCky Westin Hotels
      224 words
    • 20 15 LLS&BEARS Restaurant iar Pit Ltd 176. Orchard Road. #03-45/46 Centrepoint. Singapore 0923 Tel: 235-6268. 732-8593 Business Hours: 11.30 am 11.30pm
      20 words
  • Page 15 Miscellaneous
    • 124 15 Play golf the Sevvy way r THE BEST WAY FOR THE AMATEUR GOLFER TO IMPROVE HIS GAME AND REDUCE HIS SCORES IS TO SAVE ST&VKES ABOUND y THE GREEN V m THESE SHOTS ARE > THE *£Al SAVERS, NOT ONLY FOR THE AMATEUR, BUT FOR THE PROFESSIONAL WHO MAKES MIS
      124 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4298 16 TRADING VOLUME fell further on an overall quiet day on the Singapore stockmarket owing to lack of interest from most investors and institutions. Share prices closed mixed with 74 advances against 68 declines. The Straits Times Industrial Index closed a marginal 1.53
      4,298 words
    • 254 16 SINGAPORE Indices No* 30 Rises No* 23 D S *10 480 10 IT Canipq>H» 728.86 ***** U O 1 IT OI/OS -109 -50 M franking 418 8 IT CAE* -6876 -6*63 356 6 IT 10-day MA -6*56 -*•61 Soar* Iim 324 6 IT 08V *****82 *****99 Jureng
      254 words
    • 3430 16 i BID and offer price* officially i lifted and business in and reI parted to the Stock Exchange at Singapore yesterday with the number of shares traded shown I in brackets in lots 011,000 units j unless otherwise specified. SECTION ONE MOOS TRIAL A COMMERCIAL
      3,430 words
    • 267 16 BOUSTEAD HOLDINGS Bted: 26th AGM at Wisma Boustead (4th Floor), 71 Jalan Raja Chulan, Kuala Lumpur, tomorrow, Nov 25, at noon. MALAKOFF BM: 12th AGM at Wisma Boustead (4th Floor), 71 Jalan Raja Chulan, ***** Kuala Lumpur, tomorrow, Nov 25. at 10.30am KUALA SIDIM Rubber Co BM: 75th
      267 words
  • Page 16 Advertisements

  • COMPANY NEWS
    • 434 17 wm mm™ HOCK LOCK SIEW AFTER WEEKS of waiting for direction from Washington, Wall Street and the rest of the world's stockmarkets finally had a definite answer on the reduction of the US budget deficit. Stockmarket reactions around the world yesterday when
      HOCK LOCK SIEW  -  434 words
    • 453 17 THE REVISIONS in the rights issue prices of a number of Malaysian listed companies including Roxy Electric Industries, Pilecon Engineering and Ayer Hitam Tin were not altogether unexpected. In fact, investors had expected the revisions to come even earlier, soon after the stockmarket crash. However, it was obvious
      453 words
    • 585 17  -  Wardley ends up with bulk of Malayan Credit's rights By AMY BALAN UNDERWRITERS have never had it so bad. While a syndicate waits anxiously for word on Neptune Orient Lines's revised rights issue, another group has little choice but to gulp down
      585 words
    • 342 17 NST HUME INDUSTRIES (M) Bhd, flush with cash from its sale of its investment in Malaysian Pacific Industries (MPI), is on the look-out for buys or investments related to the building materials sector. Hume group managing director Tan Hock Eang said
      NST  -  342 words
    • 504 17 MBT GOLD COIN Malaysia, through subsidiary F E Zuellig, is teaming up with a German concern to set up an advisory services unit in Kuala Lumpur to provide support to its customers. Announcing this over the weekend. Gold Coin's chairman Raja Tan
      MBT  -  504 words
    • 685 17 Current Ex Books Dale Total lor Total tor payment dale doee peyabte Mte year lest year A 1 S B 5% lb) Dec 22 7/1/88 8/2/88 S7o Austral Amal '5% Oct 26 Nov 7 Nov 25 15% Ayer Hham Tin 5% Nov 18 Dec 2 Dec 21 12%
      685 words
    • 140 17 Reuter A SPECIAL COMMITTEE set up to review stock and futures trading in Hongkong after the steep slide on financial markets there last month will recommend reforms but will not become a "court of inquiry", chairman lan Hay Davison said. "We do not wish
      Reuter  -  140 words
    • 223 17 Bernama ES ARAB-MALAYSIAN Development Bhd, the diversified textiles and finance group, has come out of the recession in a better position than many other companies, its chairman Datuk Azman Hashim says. The Arab-Malaysian group, through its activities, has increased its staff strength while some other companies
      Bernama ES  -  223 words
    • 204 17 Esso recalls duplicate scrip ESSO MALAYSIA Bhd said that due to some "restoration" job done to its share registration system, 148 stock certificates have been printed with duplicate certificate numbers. However, these certificates bear the correct names, addresses and number of stock units and the date of issue
      204 words
  • Page 17 Advertisements
    • 275 17 NOTICE THE COMPANIES ACT, CAP. 50 G P REALTY PTE LTD (In Liquidation) At a general meeting of G P REALTY PTE LTD duly convened and held on the 18th day of November. 1987 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant
      275 words
    • 407 17 APPOINTMENT Treasurer (Attractive compensation package negotiable) Our client, SKF, is an international manufacturing and marketing organisation with its headquarters in Goteborg, Sweden, comprising some 150 companies with over 45,000 employees, and an annual turnover of 556.2 billion. SKF is the world leader for ball and roller bearings and together the
      407 words

  • REGIONAL MARKETS
    • 464 18 MBT YAOHAN, which has the most extensive overseas retail chain among Japanese department stpre groups, aims to become the largest Japanese retailer in Asia. The group will open its 16th overseas store in Hongkong next month and plans to open Abia's biggest department store
      MBT  -  464 words
    • 342 18 Reuter SONY CORP's US$2-billion acquisition of CBS Inc's subsidiary, CBS Records Group, could dent Sony's bottom line in the near term, but is nto pay off in the long run, sts said. Analyst Sanae Suzuki Rawle of Barclay de Zoete Wedd said: "Two btilion dollars
      Reuter  -  342 words
    • 481 18 Reuter Bernama ES SHARE PRICES in Kuala Lumpur yesterday eased from early steadiness to cipse mixed to easier on renewed selling in the afternoon, prompted by the easiness on the Hongkbng stock market. Dealers said light bar-gain-hunting initially following an agreement to reduce the US
      Reuter; Bernama ES  -  481 words
    • 416 18 Reuter HONDA MOTOR Co Ltd has predicted parent company net profit of 20 billion yen in the six months ending March 31. compared with 42.28 billion in the year ended Feb 28. 1987. a company spokesman said. The company earlier reported parent
      Reuter  -  416 words
    • 106 18 Company BONUS ISSUE Glenealy On*-tor-tour Ex-da**: D*c 1 Books dose D*c IS Kulim Msio On*-tor-fiv* Ex-dot*: Nov 26 Books dos*: D*c 10 S®o View On*-for-t*n E» dot* No* 17 Books dos*: Nov 77 Straits Trading On* tor «*n E» dot* Nov II Books dos*: Nov 25 Van der
      106 words
    • 400 18 Company RIGHTS ISSUE Ayer Hi torn Tin Three tor-on* 250 per share C 1 Holdings 27 million loon slocks in the ratio of S3 loon Stock for every five ordinary shores held Duff Bhd One-for-one $1 00 per shore Duto Cons One 'or one $1 10 per share
      400 words
    • 1426 18 Hongkong HONGKONG share prices closed sharply lower yesterday as late institutional selling wiped out early gains. The Hang Seng Index slid 72.99 points to 2,141.71 after rising 28 points earlier. Turnover eased to HK5964.3 million from last Friday's HKS972 million. Brokers said investors remained cautious following
      1,426 words
    • 144 18 nov a WON >/- Chail Sugar ***** >100 Daalim Ind ***** >500 Daewoo Corp ***** 110 Daewoo Heavy ***** •100 Daiaftin Securities 3S400 -1100 Dong Ah Pfcar ***** >700 Dong Suh Slock ***** -500 Oongbu Steel ***** -200 GoftT Star ***** 100 Hanii Bank 9050 >90 Ha ml Cement
      144 words
    • 114 18 HONGKONG Hongkong Index Mondoy 1404 24 Fndoy 1451 72 Week ogo 1503 25 Hong Seng Index Mondoy 2141.71 Fridoy 2214 70 Week ogo *****6 TOKYO Nikkei Average Monday Closed Friday *****56 Week ago *****43 TSE Index Mondoy Closed Friday *****3 Week ogo 1654 07 SYDNEY All Ordinaries Monday
      114 words
    • 277 18 Managers' prices for Nov 24 Singapore Unit Trust Th* Comiwrc* 0 86 ow TH* Sovtngs Fund 077 083 S'por* Frog Fund 03S 040 Spor* S*c Fund 0 60 044 S'por* Invwt Fund 044 06V S'por* Equity Fund 043 048 Asia Unit Trust Mol ln**jt Fund IX 133 Mol
      277 words
    • 445 18 SOLID FALLS among many leading industrial stocks saw the Australian share market close slightly weaker in quiet trading yesterday. Brokers said investors were disappointed by Washington's US$76 billion budget deficit package announced on Friday and were waiting for Wall Street to reopen and take the lead. "The market opened
      445 words
    • 123 18 THAI STOCKS rallied strongly yesterday, buoyed by a decision of member brokers to set up a one billion baht investment fund to shore up the battered market. TTT* J 1 vJTfWSHHHVSSI /ffiS-ilaJr: Industrial Financa Corp 196 -i-B trt« Cosmatic Jalaprathan Camant 348 16 Matai Box 805 +4 Poat Publishing
      123 words
    • 293 18 NOV 23 MT All S<nc*r« IrxJu* 3.07 016 Aaia Cement 75 50 4 Cathay Con* 73 50 4 Chang Hwa Bank 195.00 10 Cheng Loong 50 00 +i Chia Ham Cement 51 00 2 6 Chin Hain Flour 20 40 1 China Cham 28 70 16 China Dav 06
      293 words
    • 97 18 NOV 23 PESOS *1Acoi* Mining Anglo Phil 0 017 -0 005 Apax Mining B 0 0*2 *0 00* Alias Con B 24 25 -2 Bagmo Gold Banc Palrotaum 0 014 uncti Banguat Con B 86 unch Firal PtiH Hldgs 8 50 +01 Lepanto B 0 52 0 02 Marcoppaf
      97 words
  • Page 18 Advertisements
    • 74 18 i i ake on the Y2 ft c *1 V h V Normal bar prices at vary razeed rates from 11 am-3pm when a mug af beer sandwiches cost $6.50 Or just sandwiches at $3.50 -> Closed on Sundays YOU'RE INVITED TO SUP INTO SOMETHING COMFORTABLE M The Lobby Lounge
      74 words

  • INTERNATIONAL COMPANY NEWS
    • 666 19 AP STOCK MARKETS and currency exchanges in Europe and Asia have suddenly become big news in the US. Even Americans who don't own stocks are learning how overseas markets make an impact on their pocketbooks. Ever since last
      AP  -  666 words
    • 398 19 Reuter BIG BOARD companies are slowly returning to offering public shares as a source of funds after the Oct 19 crash, but US traders doubt the few new issues so far mean that a return to a pre-crash pace is likely soon. Market
      Reuter  -  398 words
    • 173 19 Reuter STANDARD CHARTERED PLC may soon sell its Californian subsidiary, Union Bancorp, to restore its capital adequacy, banking analysts in London have said. The British bank reported a £224 million pre-tax loss in the half year to June 30, 1987 against a £131
      Reuter  -  173 words
    • 360 19 Reuter ARVE JOHNSEN, managing director of Norway's state oil firm Den Norske Stats Oljeselskap A/S (Statoil), said he would quit if the company's new board asked him to do so. Although Mr Johnsen has not resigned, politicians said his statement was a
      Reuter  -  360 words
    • 159 19 Reuter S G WARBURG Group will announce a £20 million marketmaking loss when it presents its half-year results tomorrow, the London Sunday Times newspaper said. It said losses at the merchant bank would be offset by highly impressive performances in gilts and merchant banking, but
      Reuter  -  159 words
    • 857 19 Central bankers changing outdated national regulations NYT IN THE WAKE of last month s stock market plunge, world financial regulators have intensified their effort to change outdated national regulations to cope with an increasingly global market. In recent interviews, traders, securities experts and regulators from several
      NYT  -  857 words
    • 743 19 NYT THE PANEL appointed by President Ronald Reagan to investigate the causes of last month s stock market collapse has begun an extensive round of interviews but is unlikely to finish its work before January. Nicholas Brady, the panel's head and chairman
      NYT  -  743 words
    • 272 19 Reuter SCANDINAVIAN carrier SAS is set to launch a counter bid for the British Caledonian Group which is under offer by British Airways PLC. A source close to the negotiations says SAS is expected to announce today its offer to acquire a
      Reuter  -  272 words
  • Page 19 Advertisements
    • 178 19 Profilon Security Rim holds I •17 111 safeguarding people and property. Profilon is a protective film that forms a molecular bond with ordinary glass to form an invisible curtain of steel In the event of a burglary, a fire or an act or vandalism. this shield acts as a barrier
      178 words

  • 309 20 Reuter MALAYSIA'S leading research Institute has lowered sharply its *988 growth forecast because of the world stock market plunge and its possible effects on the industrialised West. The Malaysian Institute of Economic Research said yesterday real gross domestic product would grow 2.7
    Reuter  -  309 words
  • 112 20 AFP FOREIGN investment in Indonesia for 1987 has already surpassed last year's total and may reach a record high of US$l.2 billion by the end of the year. Industry Minister Hartarto said yesterday that foreign investment approvals in the first nine months of 1987
    AFP  -  112 words
  • 456 20  -  New workers tend to be better educated: survey By CHUANG PECK MING SOME 58,400 people found jobs for the first time during the year ended June 1987 the most since 1981, according to a Labour Ministry survey. The survey, whose highlights are published
    456 words
  • 324 20 AFP INDONESIAN Mines and Energy Minister Subroto said yesterday that his country wants its Organisation of Petroleum Exporting Countries (Opec) crude oil quota increased when the cartel meets in Vienna in December. "We certainly want our quota to
    AFP  -  324 words
  • 387 20 AFP THE BANGLADESH government clamped restrictions on the country's press and detained the BBC correspondent in Dhaka as a strike aimed at toppling President Hussain Mohammad Ershad entered its third day yesterday. Police and paramilitary forces patrolled the streets of the capital,
    AFP  -  387 words
  • 176 20 Bernama THE MALAYSIAN High Court yesterday heard applications for writs of habeas corpus seeking the release of eight people detained under the country's Internal Security Act (ISA) since Oct 27. Through their counsel, the eight, including Aliran president Dr Chandra Muzaffar, told the court that
    Bernama  -  176 words
  • 184 20 Struck off council finds doctor guilty of professional misconduct A GENERAL PRACTITIONER has been struck off the medical register by the Medical Council for professional misconduct. A disciplinary inquiry was conducted by the council on Chew Chin Han, who ran the General Clinic at Amoy Street, on three charges. He
    184 words
  • 269 20 AFP CAMBODIAN leader Prince Norodom Sihanouk has agraed to meet tha head of Phnom Penh's Vistnamese-backed govarnment for tha first peace talks on tha nearly nina-yaar-old Cambodian conflict. Princa Sihanouk's offica in Bangkok yastarday mada public a telegram agreeing to the meeting
    AFP  -  269 words
  • 247 20 Reuter SOUTH KOREA'S current account surplus more than doubled to US$B.Ol billion in the first 10 months of this year from US$3.2l billion in the same 1986 period, provisional Bank of Korea figures show. Bank officials said the surplus for the whole of 1967 could
    Reuter  -  247 words
  • 117 20 Reuter A HONGKONG COURT rejected a demand for compensation made by a former shareholder of the Overseas Trust Bank, taken over by the Hongkong government in 1985 after being declared insolvent. A judge ruled that the decision in July of a special government tribunal
    Reuter  -  117 words
  • 146 20 Bernama ASEAN MEMBER countries were yesterday urged to have greater collaboration in energy research and development to overcome financial constraints in energy supply to the people, particularly in the rural areas. Malaysia's Deputy Minister of Energy, Telecoms Posts. Abdul Ghani Othman in making the
    Bernama  -  146 words
  • 88 20 Reuter COMEX GOLD FUTURES dipped in dull early morning dealings yesterday in response to the US budget-cutting plan announced after last Friday s market close. December gold was off US$l.OO at U*****.30 an ounce after locking into a small trading range of U*****.10 to U*****.00. Analysts said local
    Reuter  -  88 words
  • LATE FILE
    • 61 20 Reuter PERSONAL RIVALRIES in Thailand's ruling coalition and controvarsy ovar proposed protection of US copyright intarasts could bring down tha govarnment this weak, foreign diplomats aaid yastarday. Prima Miniater Pram Tinaulanonda ia trying to persuade dissidents in his coalition to back a Copyright Bill likaly
      Reuter  -  61 words
    • 38 20 AP MALAYSIA will step up military cooperation with Indonesia and Thailand in border araas in efforts to crush communist insurgents. Malaysian armed forces commander General Tan Sri Hasyim Mohammad Ali said yesterday.
      AP  -  38 words
    • 58 20 AFP HUNDREDS of incoming paasengers scrambled for cover at the international airport in Manila as two feuding immigration officers shot it out in the crowded terminal building. Eyewitneaaes aaid tha incident, which left an immigration intelligence officer critically wounded, cauaed panic among passengers and airport employeea
      AFP  -  58 words
    • 69 20 AFP INDIA has resumed its military offensive against Sri Lanka's dominant Tamil guerilla group after it failed to surrender arms during a 48hour ceasefire which ended yesterday, an official Indian source said. The Liberation Tigers of Tamil Eelam did not make use of the truce to lay
      AFP  -  69 words
    • 38 20 AFP PLANS for the construction of an international airport in Macau on the South China coast will be discussed at Sino-Portuguese talks in Beijing next month, Macau Governor Carlos Melancia said yesterday. AFP
      AFP  -  38 words
    • 33 20 AP SIXTY more flight* were cancelled at Rome'* Leonardo da Vinci airport yesterday as Italy braced itself for a week of work stoppages, including a general strike tomorrow.
      AP  -  33 words
    • 33 20 AFP TWO SINGAPOREANS were sentenced to death by the High Court in Malaysia's north-eastern Kelantan state yesterday for trafficking in cannabis two years ago, Bernsma news agency said.
      AFP  -  33 words
    • 46 20 Reuter MINERS have joined thousands of workers striking throughout Yugoslavia in protest against new wage controls. Belgrade newspaper Politika said 3,200 miners at the Kreka coal mine in central Yugoslavia went on strike last Saturday demanding a 100 per cent pay rise.
      Reuter  -  46 words
  • Page 20 Advertisements
    • 208 20 Survey on ftoxlbt* wag* systems, Pag* 2 JoMasa rata may hit 10pc in Malaysia, Paga 3 Kuwait In favour of kaoplng oil at US$lB, Paga 6 COMPUTERISED CHARTING SERVICE FOR THE LOCAL stockmarket- Chartamatic The best-selling computerised charting service in Singapore Malaysia. Provides historical data tor all counters on the
      208 words

  • SHIPPING TIMES
    • 395 21  -  By G DURAIRAJ A STUDY on ports in Malaysia has suggested that ports should be given, within certain limits, autonomy to change tariff rates, especially when mandated user ground has been consulted. The national ports study, the findings which were submitted
      395 words
    • 266 21 Lloyd's List SEA-LAND has bought five United States Lines's container ships at a bankruptcy auction in San Francisco and plans to use them on its loop service from California to Hawaii, Guam and Taiwan. Sea-Land was the only commercial bidder
      Lloyd's List  -  266 words
    • 214 21 THE SINGAPORE Freight Forwarders' Association's training programme has been well-received, judging by response to its courses conducted since early this year. The first course on the association's own Standard Trading Conditions, introduced last year, is well into its third run under the tutorship
      214 words
    • PORT SIDES
      • 87 21 UNITED THAI Shipping Corp has decided to call at Amsterdam instead of Rotterdam in its semi-con-tainer service between North Europe and South-east Asia. The service is offered at intervals of three weeks. Transhipment for the UK is also effected in Amsterdam so that London and Hull
        87 words
    • 975 22 Fiji coup a big setback for the paradise island Lloyd's Maritime Asia WHETHER the South Pacific conjures up an idyll of remote simplicity, or a region isolated in poverty, the number of liner services connecting Melanesia and Polynesia with the rest of the world is surprisingly large. A major study
      Lloyd's Maritime Asia  -  975 words
    • 227 22 AP A HIGH-RANKING Japanese government official is visiting the United Arab Emirates in the first leg of a five-nation visit for talks on Japan s proposed financing of a US$lO million navigation system to promote safety in the Persian Gulf, a Japanese Foreign
      AP  -  227 words
    • 760 22 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 ARC line V 4 API III 2/3 Arrow lines IX 5 ASCI III
      760 words
    • 1414 22 LONDON. Nov 20 ACTIVE time-charter activity on Soviet account continued to feature the freight market on Friday with about six more vessels said to have been arranged for US grain to the Soviet Union, shipbrokers said. Although no confirmation is obtainable, three vessels of 66.000 to 73.000 tonnes
      1,414 words
    • 387 23 Lloyd's List LEADING Danish operator Maersk Line has ordered three container ships at a cost of US$24O million in a move being viewed as a forerunner to establishing a round-the-world service. The 3,500 TEU vessels will be the largest in Maersk's fleet and
      Lloyd's List  -  387 words
    • 215 23 FT THE NATIONAL Union of Seamen in tha United Kingdom is sailing some of its buildings, cutting staff, and increasing membership dues for the first time in five years in a renewed attempt to stave off a cash crisis. According
      FT  -  215 words
    • 49 23 Reuter STRIKING stevedores in the port of Haifa, the only port used at present by the Citrus Marketing Board, returned to work last week. Stevedores in Ashdod, which is used by Agrexco. have not yet signed an agreement with the ports authority. Reuter
      Reuter  -  49 words
    • 99 23 THE SINGAPORE-OWNED salvage tug, Salvenus, which was hit by an Iraqi Exocet missile on Friday, was towed by the supply ship, Nice Tulip, off the United Arab Emirates port to Dubai. Shipping sources in Gulf said one crewman was killed in the Iraqi
      99 words
    • 284 23 AFP AN ENCOURAGING volume of business was recorded over the past week on the tanker market. particularly in the Gulf and West Africa, although other loading areas were reasonably well represented. London brokers E A Gibson noted that although the weaker dollar and lower oil prices still encourage
      AFP  -  284 words
    • 102 23 Reuter ROTTERDAM'S Municipal Harbour Company is to spend 872 million guilders over the next five years on modernising the port's facilities, a company spokesman said. More than half of this amount will go on modernising and rationalising facilities for containers, other general cargo and coal and
      Reuter  -  102 words
    • 167 23 Seatrade Week SEA-LANO CORP and Crowley Lines, both unsubsidised US-flag lines, plan to join three subsidised carriers to form a new organisation that will phase out the Council of American Ship Operators. According to Albert May, executive vice president of CASO, the new group represents
      Seatrade Week  -  167 words
    • 9854 28 aoiaßGmß 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
      9,854 words
    • 1309 29 AT CONVENTIONAL WHARVES Vaaaal B«m i Arrival Departure KEPPEL WHARVES Albarum K20 olongsid* 24 IIO600 Anshon KI9 olongwto 26 11-2300 Bongo S»'owo< K2I olongiKj* 2S 11/1200 Colouu* K30 O'OngtKj# 27IIO600 Doning K2? alongside 29 11,-2300 Equo'o' V K22 olongsid* 24 11/2359 Goldan Wondar K28 alongside 2411/2300 Kola
      1,309 words
  • Page 21 Advertisements
    • 654 21 s i*gap° rE si STP Distributors PuMfNng Group OH (CUTAt FORTUNE NEPTUNE JAOE ORIENTAL FAIR RAtNMN BRIOGE NEPTUNE GARNET MORTAL FREEDOM EUROPF EXPRESS SERVICE SEVEN SEAS BRIOGE ACE CONCORO KOREAN CHANCE NEPTUNE DIAMONO ORIENTAL CHIEF KOREAN JACEJIN Ate Aoactmg Antwerp Cargo ma ftottardam 2*ll M«n*m 2*ll 1700 kn WW OmiwOfflßW
      654 words
    • 74 21 WHETHER the South Pacific conjures up on idyll of remote simplicity, or a region isolated in poverty, the number of liner services connecting Melanesia and Polynesia with the rest of the world Is surprisingly large. Pag« II LEADING Danish operator Maersk Line has ordered three ships at a cost of
      74 words
    • 579 21 I OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL. *****33 MAERSK LINE DIRECT TO BELGIUM SINGAPORE/ ANTWERP 17 DAYS This week M Rotterdam C'osmg Time CY 25-11 2000 MRS CFS 25-11 1000 MBS To Europe
      579 words

  • Page 22 Advertisements
    • 453 22 COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO NORTH CONTINENT Y...i: ANTWERP ETA aiu FELIXSTOWE ETA ■''ill ■Till li 1,1111 WZZMWZZM m Aho accoptinf cargo to all U.K. d«tmationt. Scandinavian (Aarhm. Coptnhafn, Gothonburf) and othf Europoan Inland point* t Wo4t African Porta EXPRESS SERVICE
      453 words
    • 17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 264 22 CHARGEURS REUNIS AGENTS SINGAPORE ANGLO FRENCH SHIPPING Tel 222*111 Telei RSESSC Fai *****51 MALAYSIA EIMA MISC AGENCIES Sdr Bhfl P* 3SBS7S3 PEN *****5 Gejrbulfc Anflo F'ench pj ;5&553 p* 3sroc: PEN &Z3245 835 .Barber Bfcje sea Super Carriers for roll-on/roll off and container flexibility L TO: PANAMA US WC/EC/GULF E.
      264 words

  • Page 23 Advertisements
    • 974 23 The Straits Steamship Group Mansfield Container Shipping PteLtd raocLm p&o Containers Limited CONTAINERS!* SERVICE TO UK/CONTVOfT: MM KO4K EXPRESS *IU WU «U 8(U CMtMGAN lAY *12 U/12 *U Bfl kmavon iyu uiu mm tm TQLACA MY IM2 W 1» H» iSioams mu am um um mm 00* MY Mi a«
      974 words
    • 496 23 I'l EUROPE Wi Wf 717 11.12 14.1! &1! a.l! |!7.1! IF 7M II I! MJI MJI MJI IF 7M O.I! lUI IUI ail |!IJI WT Ml MJI I1J! RK MJ! SENATOR LINK IMI ia.ll Mil II All !4.1l 23.11 a. ii.i! a.l! i7.i! a. 14.1! a.l! !1.l! a 1 2
      496 words

  • Page 24 Advertisements
    • 344 24 £H CONTAINERSHIP SERVICE TO UK/CONTINENT Hapag-Lloyd CONV.SEMI CONTAINER SERVICE TO EUROPE CONVtSEMI CONTAINER SERVICE TO MED EUROPE I CONTAINERSHIP SERVICE FROM UK CONTINENT Cintifio lay Bwuvm Agents Singapore *****00 K. Lumpur *****25 Booking *****08 P. Kelang *****18 CFS *****48 CFS *****50 Penang *****7, *****2 mm SOUTH EASTASIA PTE. LTD. INTERNATIONAL
      344 words
    • 441 24 Lp»: X tout J FULLY CONTAIN ERISED SERVICE &.L.INE tml a imenM c****** OllY CONIAINf RISED 10 (ROM NORTH AWfRICA rtfSl COAST OAK SEA 30/12 2/1 6/1 1/1 8U LA OAK 12/12 27/12 30/12 19/12 13/1 6/1 26/12 10/1 13/1 30/12 17/1 20/1 9/1 25/1 26/1 *FDR/MOTHER VESSEL NO 72E/KOREAN
      441 words
    • 392 24 T/a FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY OIRECT 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 U.S.A. SIN LBH NYC ALSO ACCEPTING TO: 1/12 20/12 27/12 CHICAGO. BOSTON, JAV, PHIL. SAV.
      392 words
    • 1290 24 >2 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SCP HKC KSC KLC PUS OSK TYO KSN EVER GtNIUS 2VII #01 2/12 4/U 2V12 EVE* MEET UJU VU W «U 3/1 EVER LINKING »02 13/12 IVI2 1702 u/l EVE* GLOBE 1702' 21/12 23/12 2502 EVE* GENTLE 21/12 2702 a/12 30/12
      1,290 words

  • Page 25 Advertisements
    • 503 25 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE VESSEL SEA DRAGON SEA HAWK SEA DRAGON SEA HAWK VOY SM SSY SMG SIN SLW REN 1711 SM SM SM MPI 85/11 17/11 (745 SM ts/11 zrm asm 8717
      503 words
    • 152 25 ,i:, NORBULK NORBULK CARGO SERVICES LTD. REGULAR CONVOTTIONAL TIMBER AND PLYWOOD SERVICES TO: UK CONTINENT PORTS TO: INDIA/PAKISTAN PORTS TO: JAPAN PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL 2226J66 Kl PK S P fEO SHPC I TRDG Kl PK 368*101 PENANG TANJONG MARINE SON BHD TEL *****5 SABAH TRANSPAC
      152 words
    • 616 25 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT STON HAM I'HAVtN ROM HAVRf llftj IVU U/U UIU WU am a/u am ztm am au am am mm n/u WU VI VI W M vi w in w Ma Ufl M/l Mfl Itfl i*i u/i Mn an a/i an wi »/i
      616 words
    • 405 25 DJAKARTA LLOYD INDONESIAN NATIONAL LINE EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSI/VOY SRIWIJAYA/72W8 ANTWERP MSG/ ROAM/AO All BREMEN an 27 n EXPRESS SEMI CONTAINERSHIP SERVI 317T0 £tj il OHM *.VIIK\'KIHI ki Agents Telephone *****22 Singapore U.A jata ACENCTZS Terminal *****22 Hi m i sisal rrx ltd nt penaxc *221
      405 words
    • 425 25 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STM SJTTWAY VJJ PA-AN VUM PAGAN Via* (Burmese National Line) Loading for Rangoon P.Kelanf Psnang Bangkok BANK LINE PROATLANTICA VIN (CALLING LEIXOES 1/1) TAUSAIA SAMOA VIIN MORAYBANK V4N CLYDEBANK V22N SPORE RDAN HULL 20/12 12/1 MORAYBANK V4S Sport 21/11 FORTHBANK V2IS Sport 21/12 (PNC porta:
      425 words

  • Page 26 Advertisements
    • 1292 26 kk K uriE SHIPPknG-DflTfl fITLfIFITkC CDnST (Rotind-The-World Service) •PK/PNG SPORE LB CHLS ORIENTAL FORTUNE V 6 Sid 26 Nov 19 Doc 25 Dec NEPTUNE JAO€ VlO 21 Nov 3 Doc 2C Ooc 5 ian •VIA FEEDER PACIFIC SOUTH-WEST FEEDER VSL 'PK/PNG SP MOTHER VSL LA/ ORIENTAL FORTUNE V* Sid Nov
      1,292 words
    • 710 26 /l€ AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers P.Kolant |L«* V«* S port 11Mb Fro* Sydn Atao Act* "CHAWXDAS" 12in tm 5 la* 14 Jan 12 Jan Add/Bns RAVIDAS' VJ9 a 5 F-) 14 ftb u fib Adrt/Bra INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contain*™ an. tiacn.'—S O NAGALANO V.37H
      710 words
    • 686 26 GOLDEN LINE GUAM GUAM SWPMG (Pit) LTD 23. AfC Sfreet SMGAPOK 01M TU i3*3M (M U») Fu: SON JLF SERVICE: S'port P.Katam Penant STRAITS/PERSIAN GULF SERVICE: S port P Kda« Pan OOiOCN WON OCR Cotombo/Karadii/Dutoet/Oemmaiii In tat GOLDEN BEAR Colombo, Karachi/Dubai/Bahrain 1/9 Doc CHINA SERVICE A VESSEL X>n«Mt Shanghai 9/30
      686 words
    • 462 26 s V iiMjj' Vl2. 1102 WI niu am PHIU OmeNT LIN€S PTC LTD HEAO OFHCE 63 ROBiNSON ROAD *C* 12 AfBO AS;A BUIIOING SINGAPORE 01CE TEIE RS ?6??a PHIL I fA« ??SSS7t rfl'-lnu.-. DOHA. MUSCAT. BAHRAIN. ABU DHABI SMARJAH JEODAH. HOOEDAN. AQABA H KONG. KOK. KEELUN6, MAMUL BANGKOK. TOKYO. COLOmO.RANACM.MMMT
      462 words

  • Page 27 Advertisements
    • 1000 27 NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE. LTD ft EU/AUST TPA/SEA Terminal CFS BOOKINGS *****53 *****42 *****22 *****53 27WU 27W1« 27*111 27M1M NEPLINE SON. BHD. MM? INWARD/OUTWARD NEPLINE SON. BHD. 2M488 ENQUIRIES *****44 NEPLINE SON. BHD. t2M»/«27W*l27*U/«27f«2 NEPLINE SON. BHO. ZMOM/2M041 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A mtmbtr o4 th»
      1,000 words
    • 521 27 HEUNG-A SHIPPING Korean Flag Vessels OQWAM SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON CTD BS BKK 11A1 23/11 S POKE 27-21/11 18-OS/12 12-14/12 19-21/12 Wl2-1/1 07 -09m 14-IMI 22 2S/01 PKELANC SUSAN MO JI 3001-01/12 U-14/12 14/12 K-O/12 #19-22/12 24/12 15-17/12 20-30/12 02/01 22-24/12 03-00/01 10/01 (B-05/01 15-17/01
      521 words
    • 781 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 ***** PENANG MESSRS MAI THONG SNIPPING 127 Pwm Strwt Panant Mat Cables: JAYAPOM PENANG, T«: *****4/*****/ Tela. MA
      781 words

  • Page 28 Advertisements
    • 261 28 SINGAPORE SHIPPING MW CORPORATION (PTE.) LTD. Til 225 6868 i3O bnes> FAX *****39 *****76 TtIEX RS ***** A B SSCMA RS ***** A B SSCAO E,B DEUTFRAC.HT SEEREEDEREI p 1 INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO: Accaptmf carjo tor INDIA Bombay, Cochin. Madras t Calcutta "VIA LARNACA: Accepting carp for
      261 words
  • Page 28 Miscellaneous
    • 176 28 Regional Weather V •4t V. -V nS £VX m 511 1 kW imlT W SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND Wind direction with speed m knots Wove height One hart fleche represents 5 knots R Thunderstorm Temperature c A\ V Shower Weather Wmd direction with
      176 words

  • Page 29 Advertisements
    • 611 29 MPNC LINE > MASKAPAI PELAYARAN NUSANTARA CONTAINER LINE WEEKLY FULL CONTAINER SERVICE BETWEEN S'PME/JAKARTA Vewel Voy Spore Jakarta MAUNG 02N/S 28-29/11 1-2/12 MAUNG 03N/S 4-5/12 1-iIU MAUNG 04N/S 11-12/12 14-15/12 AGENTS ANTARNUSA CONTAINER LINE PTE. LTD. 51 ANSON RD «08 53 ANSON CENTRE S PORE 020/ TEL: *****87 FAX *****50
      611 words
    • 166 29 UNIPACIFIC TRANS TRADING AGECY PTE. LTD. IRAQI LINE •to S'i'l «n*fsi (C« mil m> it EAST BOUND SERVICE ETA S PORE LOADING FOR MV BAGHDAD MV BASRAH WEST BOUND SERVICE ETA S PORE LOADING FOR mi >«dtoh. Kfibi 1002 jaddati Auta THROUGH B/U to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS
      166 words

  • Page 30 Advertisements
    • 320 30 Hai Sun Hup Co (Pte) Ltd iEL *****06 (20 Lines) TLX RS ***** RS ***** J-* t 1 \s| Ik\( \K I I \l K. I I I). WEEKLY CONVENTIONAL HEAVY LIFT SERVICE FROM SINGAPORE/PORT KELANG TO: TOKYO/OSAKA YOKOHAMA NAGOYA/KOBE CAR CARRIER SERVICE TO MUARA/KUCHING ft KK Loading at appropriated
      320 words
    • 424 30 VTTo COLUMBUS LINE REEDERE! GMBH (A SfRVICE OF HAMBURG-SUD) EXPRESS SEMkCOWTAfO SERVICE TO A_L Abm* Ocean Lines Lid. f VESSEL ETA SPOIIE Loading lor MV EFFESSOS 8/12 Port Harcourt Dakar. Cala Bar Oousls and Toms ATMUKE ABKHA 15/12 ieddah N. Continent Accepting FCL, LCL and BREAKBULK Other West African ports
      424 words
    • 364 30 WEEKLY CONSOL SERVICE TO/FROM KEELUNG ACCEPTING LCL CARGO ONLY HO S PORE ETA KEELUNG CON-CARRIERS TUV 24/11 30fll CON-CARRIERS 22/17 2/12 1/12 CON-CARRIERS 23/17 7/12 14/12 WEEKLY CONSOL SERVICE TO MELB/SYDNEY ETD SPORE ETA SYD HA HE LB CON-CARRIERS 21/17 27/11 MP M* CON-CARRIERS 27/17 13/12 4/1 1/1 Alio accepting
      364 words
    • 740 30 Milk aii CALL US AT; Z i P- kelang PENANG J BAHRU mxm P- GUDANG wmm SINGAPORE vmm K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER B BUTANC W B BUTANC 395 B BUTANC »7 B. BUTANC P KELANG I MTHR VSL N DCJIMA au B sum A
      740 words