The Business Times, 17 December 1987

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, DECEMBER 17, 1987 75 CENT
    11 words
  • 157 1 OvtrMM markets Wednesday HK Hang Seng Index 2145.71 65.09 Tokyo Nikkei Averoge *****.42 (-27.31 Sydney AM-Ordinaries 1243.0 (-5.4 Tuesday Now York (Dow Jones) 1941.48 842 London (FT 30 Indox) 1332.0 (+19.6) (1359.7 noon 27.7 Exchange rates US$> 127.50/60 yen 1.6315/25 OM S$$ 1.9995/05 £> US$1.8305/15 M$« SSO.8044/51
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  • 82 1 AFP JAPANESE SHIPYARDS' export contracts in November totalled six ships, with aggregating total of 320,900 gross tonnes, a 14-fold increase from 22,000 gross tonnes a year earlier. The Japan Ship Exporters Association in Tokyo reported yesterday that November contracts included three bulk carriers for a total of 112,800 gross tonnes
    AFP  -  82 words
  • 328 1 SEVERAL ASIAN markets continued to rally on the back of Wall Street's resilience despite a weak dollar. But Tokyo and Australia closed easier. On Tuesday, the Dow Jones Industrial Average added 8.62 points to 1,941.48 on a turnover of 216 million shares. In
    328 words
  • 43 1 Reuter WALL STREET stocks were higher after a firm opening on better-than-expected November housing starts early yesterday, brokers said. The Dow 30 index was up about seven at 1948 and gainers led declining issues by three-to-two in active trading. Reuter
    Reuter  -  43 words
  • 47 1 AFP UK SHARES moved ahead yesterday on the London Stock Exchange, underpinned by an upturn in the dollar. At 1200 GMT, the Financial Times industrial share index was up 27.7 points 1359.7 and the Footsie 100-share index was 27.2 points higher at 1697.2. AFP
    AFP  -  47 words
  • 318 1 AFTER SLIDING BRIEFLY below the psychological Ss2 level on Tuesday, the American currency yesterday closed below that level for the first time, at a historic low of 551.9965. The dollar was traded actively between 551.9950 and 552.0040 on moderate volume after
    318 words
  • 126 1 Reuter HONGKONG delegates drafting a constitution for the territory after the transfer of power from Britain to China in 1997 have criticised some Chinese proposals as "undemocratic". Martin Lee, a member of the British Colony's Legislature, said yesterday: "After seeing some proposals concerning
    Reuter  -  126 words
  • 616 1  -  Company to buy Robinson Centre and part of Adelphi complex By LEE HAN SHIH, CORRINA LIM SNAPPING UP properties in a lethargic market, newly-listed DBS Land is expected to spend $120 million on two secondary office buildings in the Central Business
    616 words
  • 426 1  -  By ZHOU MEI MALAYSIA'S Prime Minister, Dr Mahathir Mohamad, believes relations between Malaysia and Singapore are much better now. The Asean summit gave Or Mahathir and Singapore Prime Minister Lae Kuan Yew a chance to hold bilateral talks. And one of the things they
    426 words
  • 108 1 PRIME MINISTER Lee Kuan Yew left Manila yesterday for a visit to Taipei. He will also visit Hongkong before he returns to Singapore on Tuesday. A statement from the Ministry of Foreign Affairs said Mr Lee is accompanied by his wife, Second Deputy Prime
    108 words
  • 133 1 Reuter RONALD LI. the embattled chairman of Hongkong's stock exchange. stepped down yesterday from the post that has brought him both praise and vilification. After the maximum two terms at the head of the stock exchange, Mr Li, 58, became vicechairman, making room
    Reuter  -  133 words
  • Page 1 Advertisements
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    • 454 1 Full local report, Pago 16 Rogional marfcata, Paga 18 World marfcata, Paga 19 BT bumps up Weekend Edition COME Saturday morning, January 9, 1988, BT salutes the end of the New Year's first hard week's work by giving our readers a new look and 18 pages in a henceforth enlarged
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    • 48 1 E {)*$+.)|+>%!=&'&'[$>!+$=<)=$:!^ Melwani, exclusively male. AL O pen at ff'isma y4tria *02-55 '56/58 Wisma At-ia '/> c fc *sA UJ *02-14/15, Shaw Centre; Tel: *****42 *01-26/27, Specialists' Centre Tel: *****54 *02-23. Plaza Singapura, Tel: *****29 2nd level, Metro Grand Scotts, Tel: *****63 Ist level. Metro Marina 1 Sauare Tel: *****75
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  • FOCUS
    • 887 2  -  What's inside the Japanese package Reports by ZHOU MEI "WE NOTE with no great exaltation," said Prime Minister Lee Kuan Yew of the terms of entitlement to loans to be made available specially to Asean by Japan in a new financial package.
      Photo by PHILIP LIM  -  887 words
    • 237 2 JAPANESE Prime Minister Noboru Takeshita said after meeting his Asean counterparts on Tuesday that the requests made will be promptly attended to. This would be done by transferring the various subject matters to working levels as quickly as possible, he added. Mr Takeshita did not elaborate
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    • 357 2 Seminars and courses Dec 21 Core Skills for National National *****66 (commenceEffectiveness and Productivity Productivity ment dote) Change (COSEO Board Board Dec 21-23 Computer Auditing Century Pork SBl Events *****76 Sheraton Dec 21Just In Time Workshop National National *****66 Jon 5 Productivity Productivity Board Board Jon 4 Diploma in
      357 words
  • Page 2 Advertisements
    • 214 2 The ultimate luxury isn't found on any assembly line. >■ m\ m\\\ m ~7S Henr\ Ford made history as tin* man who invented the assembly line. Volvo may go down in hist* >ry as the company that abolished it. You'll not find an\ assembly line at Volvo's most advanced car
      214 words

  • HOME NEWS
    • 555 3  -  By LONG SHIH ROME BUOYED BY STRONG ORDERS received by its parent company, Silicon Systems Singapore is to assemble and test twice as many disk drive integrated circuits (ICs) at its factory by next year. The parent company, Silicon Systems Inc. based in Tustin,
      555 words
    • 341 3  -  By MONICA GWEE SINGAPORE has the potential to become a centre for design excellence in the world, but stronger direction is needed if the potential is to be realised, in the view of the chief executive of UK-based Allied
      341 words
    • 226 3 THE LARGEST aerospace exhibition and convention centre under one roof in the Far East has been completed within schedule for the holding of Asian Aerospace 88, in January. The Changi International Exhibition and Convention Centre, at Changi Creek, was completed by joint venture contractors,
      226 words
    • 236 3 RONNIE NEO has joined Hay Management Consultants (S) Pte Ltd as a consultant. Mr Neo, 43, is a graduate in business administration from the University of Singapore. Before his recent appointment, he had been with Mobil Singapore for 12 years. JAN POLHEMUS has been appointed regional sales
      236 words
  • Page 3 Advertisements
    • 254 3 WORLDWIDE EXPRESS" Prompt pick-up and delivery 24 hours a day Hist choose your computer. Then insist TVM monitor to match your computer. You spend so much time choosing a computer unit, and rightly too. But you never raise a question on the monitor you get. Now, insist on a TVM
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    • 176 3 Expressing the Wonderful Mood of Christmas R2 $1 430 <tu* RSS2 700 >■ RISI 530 vc S #7 R6 $1,650 v*~ m Rll $1,770 R7 $2 330 R4 $1280 Rl2 $870 R 14(A) $500 R14(B) $530 RI4(C) $750 Rl3 $1 610 i R2l $1,560 R2O $1680 R22 $1,360 N5 $4,200
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  • ASIA-PACIFIC
    • 211 4 AFP JAPANESE EXECUTIVES investing in the United States prefer to invest their yen in real estate rather than government bonds and stocks, a survey has found. The survey, commissioned by real estate firm Cushman and Wakefield Inc. found that 58
      AFP  -  211 words
    • 365 4 Reuter WITH TAIWAN'S exports slowed by the surging value of its dollar, the country will boost domestic spending to reach its goal of 7.5 per cent economic growth in 1968, officials have said. Some economists said yesterday it would not be
      Reuter  -  365 words
    • 311 4 AFP MORE THAN 18 million Chinese have chosen to become self-employed rather than be state workers since China began experimenting with economic reforms in 1978, the New China News Agency (NCNA) in Beijing said on Tuesday. "In general, China's self-employed business people
      AFP  -  311 words
    • 136 4 AP CHINA'S electronics industry will expand by 30 per cent this year, with production value estimated at 40 billion yuan (US$lO.B billion), according to the Electronics Industry Ministry. The China Daily yesterday quoted the ministry's Deputy Minister Zhang Xuedong as saying the industry will expand by another
      AP  -  136 words
    • 192 4 Reuter AUSTRALIAN Prime Minister Bob Hawke, riding high in public popularity after winning a record third term five months ago, has said he will lead the Labor Party in the next elections. His statement during a radio interview yesterday quashed growing speculation he would retire
      Reuter  -  192 words
    • 557 4 AP JAPANESE MANUFACTURERS, faced with a sharp decline in exports blamed on the yen's soaring value, are adapting to the crunch with new strategies that include boosting sales on the domestic market. In the two years the Japanese currency began its rapid rise against
      AP  -  557 words
    • 236 4 FT THE NINE-YEAR deadlock between Prince Norodom Sihanouk, the exiled Kampuchean leader, and the Soviet-backed regime of Hun Sen was broken earlier this month by India, which has spent most of this year acting as a secret intermediary. The two leaders signed a joint
      FT  -  236 words
    • 865 4 ARRIVALS Operator r, nf r OtfVlCt number local rim* From OA THAI SIA c MAS MAS MAS SU AC CPA MAS GU MA GU SU SU THAI SU MAS GU FUGHTways SU SU SU GU •A SU SU SU SU THAI LUFT THAI CPA MAS MAS GU
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  • Page 4 Advertisements
    • 109 4 Pleasure before business Thai's Royal Executive Class While you're on your way to a business trip, we're there to prepare you. And we will go to extremes to serve our business travellers better. With our highly-acclaimed Royal Orchid Service, you can expect the kind of attention that's on-hand, yet unobstrusive.
      109 words
    • 11 4 JOURNEY BE AS PLEASANT AS HE SEASON'S GREETINGS FROM ALL AT
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  • REST OF THE WORLD
    • 371 5 FT OFFICIAL OPTIMISM that Britain's economy may escape relatively unscathed from the stock market crash was reinforced on Tuesday by figures showing manufacturing output growing faster than at any time since 1973. The Central Statistical Office said that in the three months to October,
      FT  -  371 words
    • 393 5 Reuter GROWING foreign participation in the US economy helped push the current account, the broadest gauge of American trade performance, to a record deficit of U5543.4 billion between July and September, the Commerce Department reported on Tuesday. The previous record was a US$4l.2
      Reuter  -  393 words
    • 144 5 AFP AMERICAN Budget Director James Miller warned on Tuesday that the government would run out of money and might have to close down today unless Congress agrees on a new spending bill. Mr Miller said action by Congress on a new spending bill, together with defi-cit-cutting
      AFP  -  144 words
    • 617 5 AFP DRASTIC MEASURES are needed to ward off an international recession whose repercussions might be the most severe since the 1930s depression, 33 top international experts have said in a report. The study by economists from 13 countries, including two Nobel Prize winners, comes
      AFP  -  617 words
    • 87 5 Reuter US CONGRESSIONAL negotiators. rushing to fashion a rescue package for the troubled farm credit system before the Christmas recess, agreed late on Tuesday to revamp the rural lending network and provide enough government money to stave off bankruptcy. Negotiators for the Senate and
      Reuter  -  87 words
    • 279 5 Reuter MINISTERS from the six-nation European Free Trade Association (Efta) on Tuesday ended a two-day meeting with a call for closer cooperation with the European Community for an internal European market. But Efta which has already lost Britain, Denmark and
      Reuter  -  279 words
  • Page 5 Advertisements
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  • Page 5 Miscellaneous
    • 73 5 Singapore 31/23 Showers 23/18 Clear 16/12 Rain 05/03 Cloudy 16/06 Cloudy 13/07 Rain 30/19 Ooudy 28/21 Hazy 22/10 Cleor 25/22 Cloudy 05-01 Clear Nassau Now Delhi Now York Nicosia Oslo Parts Perth Rio 'Janeiro Romo San Fris'co Son Juan Sontiogo Sao Pauio Sooui Stockholm Sydney Taipei Tel Aviv Tokyo Toronto
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  • MONEY AND EXCHANGES
    • 727 6 Reuter A GROWING MOVE by international banks to write down their Third World loans is giving hope to Latin American debtors seeking to reduce their US$3O billion per year repayment burden, finance officials and bankers say. A landmark decision was taken on Monday by
      Reuter  -  727 words
    • 178 6 Reuter STANDARD POOR'S Corp has downgraded the ratings on US$5OO million of debt of Mellon Bank Corp and unit Mellon Financial Co. It said in New York on Tuesday that the move reflected weak operating performance at the banks and substantial losses at Mellon's mortgage
      Reuter  -  178 words
    • 126 6 Gold futures on Dec 15 100 troy ouncas. USS par troy ou nca OpM High Lot* SOTte Ok 493.30 494.20 480.00 48X70 -1240 Jan 483.90 •1X20 Fab 88 498.80 499 20 484JO 487.20 •1X20 Apr 505.00 506.00 490.50 49X60 •1X50 Jan 512.00 51X00 495.00 ***** -1340 Aug
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    • 508 6 Eurodollar futures opened sharply higher than the previous close yesterday due to the stronger bond market and easier commodities and oil prices. After opening at 92.14, the March contract drifted lower to the low of 92.12 before recovering to the in-tra-day's high of 92.18 in dull trading. It closed
      508 words
    • 362 6 Asian market ASIAN DOLLAR deposit rates closed little changed at easier opening levels yesterday, after a day of light trading. Most operators were concerned about US budget director James Miller s comments that he would favour a veto of the budget deficit accord if it did not cut farm subsidies
      362 words
    • 84 6 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MO OfFW MKSH LOW 3 months RQ*****X 17.3.88 3.40 3.35 3.46 3.35 6 months BS*****S 21.4.88 3.32 3.27 3.35 3.35 1 yeor 8Y*****T 24.11.88 2.49 2.44 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code
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    • 165 6 mw prirTif wnaing rnti Of 12 major banks In t*pora Interbank market rates (offer/bid) on Dec 16 7 dart 4 mth us$ 7 4 7/a i/a 3/a 3/14 1/14 3/14 1/14 3/14 3/14 i/a 3/a 9/14 7/14 a 3/4 s/a 1/14 a 13/14 3/a —1/4 DM SWFC
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    • 1301 6 CURRENCY FUTURES OPTIONS W«dnMdoy, Oecwnbw 16 1987 DEUTSCHE MARK (SMEX) jmssmm Jmmpm MM* Lw um HVl LM IN 54 CM 57 497A 492 CAI 51 400* 395 3 59 307A 302 40 220A 213 21 *1 143A 139 411 45 62 MA 12 Ml 14 63 49A 45 1441
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    • 57 6 THE OVERNIGHT rat* on the Singapore interbank market ctosed unchanged at 3* per cent yesterday. The term rates fell 1/16 point across the board. S$ Interbank rates at 7pm yesterday: orm md Owri#* 3 3/4 1/3 I -mart* 3 7/1 3 3/4 1-M* 17/1 3 3/4 3-nenMi 3
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  • Page 6 Advertisements
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      123 words

  • BANKING AND FINANCE
    • 1233 7 SINGAPORE: The US dollar closed mixed yesterday against major currencies after fluctuating uncertainly as selling alternated with short-covering. Trading was thin throughout the day with the US dollar locked within a narrow range. The dollar's underlying sentiment is still bearish due to concern about the effectiveness of the
      1,233 words
    • 375 7  -  By RAMESH CHANDIRAMANI WITH JUST a few business days left in 1987, Indian Bank s new fund-raising programme looks certain to be among the last deals that will make it through the local capital markets this year. Indian Bank, one of the Government of India's
      375 words
    • 325 7 FT MIDLAND BANK'S 1987 financial results will show what is expected to be the largest ever loss suffered by a UK clearing bank as a result of an about-turn which was announced on Tuesday in its proposed treatment of provisions for doubtful Third World
      FT  -  325 words
  • Page 7 Advertisements
    • 485 7 PSON 11 y EPSON PC IBM PC hardware and software compatible 80C88 microprocessor. Capacity for two 360K8 FDD 256K8 main memory expandable to 640K8. Three I/O slots. Built-in serial and parallel ports. MS DOS and GW BASIC. And 25% smaller and well below the price of an IBM PC. EPSON
      485 words

  • COMMODITIES
    • 620 8 Reuter CHEAPER OIL is in prospect after Opec talks in Vienna yielded only a makeshift 1988 price-and-output agreement, and that may benefit a global economy seen in danger of a recession since the crash on financial markets. Economists said a weaker oil
      Reuter  -  620 words
    • 82 8 THE COLLAPSE over the past two days in crude markets is starting to be reflected in East Asian products. Traders were unimpressed by the outcome of the Opec meeting and all prices were tumbling yesterday. Dubai (Jan) WM T««ot USS/barrel 13.13 Oang* -0.37 WTI (ion) 16.62 -0.7i
      82 words
    • 110 8 THE PRICE o< tin on the Kuala Lumpur Tin Market (KLTM) yesterday aaaad one cant from Tueeday to dose at M 517.00 In lacklustra trading, daalars •aid. End-yaar seasonal factors contributed to tha dull market, they aald. Turnover fall to 36 tonnes from 59 tonnes on Tuesday. No
      110 words
    • 375 8 HONGKONG: The metal finished unchanged yesterday from New York's closing level in fairly quiet trading in the absence of fresh factors. The sharp sell-off in New York, linked to weaker oil prices, was probably overdone and they noted some bargain hunting by local traders. Prices moved in a
      375 words
    • 279 8 SINGAPORE The market closed lower yesterday with January One RSS buyers quoted at 218.50 cents a kg. down 1.25 cents from Tuesday. The morning session lost 0.75 cent on lack of follow-through buying, after opening firmer in line with higher Tokyo market. Price eased another 0.50 cent in moderate
      279 words
    • 482 8 Crude palm oil futures continued its uptrend to close around the Ms9Bo levels yesterday, only Ms2o away from the Msl,ooo mark, in very active trading on the KLCE. Closing stocks figures released by Porta was reported to have given a shortfall of 100,000 tonnes for crude palm oil
      482 words
    • 236 8 Chinese Produce Exchange S#li#n noon dosing pri Doc 16 (SS/100 kg) cm on Coconut oil Mr FOB 99.00 Otd drum FOB 109.00 Now drum FOB 113.00 Copra MJiod (Ioom) 56 Pepper Murtfofc wMt* FOB N1W *****0 Sarawak wMlo FOB foq NIW 1197 JO Sarawak ipidal block FOB NLW
      236 words
    • 230 8 SOYBEAN FUTURES on the Chicago Board of Trade rebounded from the lows set early last week on exporter and processor buying, but still ended with losses of 5% cents to US cent per bushel in moderately light dealings on Tuesday Persistent weakness in soy meal offset the supportive influence,
      230 words
    • 227 8 WHEAT FUTURES on the Chicago Board of Trade closed on or near the lows on Tuesday, down 634 to three US cents per bushel in light trade. March settled at U553.1314 after posting a 3%-cent range on the day. Trade reports that the USDA rejected export bonus bids on
      227 words
    • 237 8 RAS prices in s fo O In balm 1 NOON CLOSE Bwyon Sellers Bwyon C-M ieeers Int 1 RSS Prompt 221.25 222.25N 220.00 221.00N Int 1 RSS Jon 88 220.00 220.50 218-50 219.00 Int 1 RSS Fob 88 219.25 ***** ***** 218.25 Int 2 RSS Of 218.00
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    • 76 8 (cam/kg, 1 -«o n poNan) JANUARY 88 FEBRUARY 88 (currant month) (forward month) RAS NOON NOON Buyer, Saltan Ivyan Saftan SSI 30 33X50 235-50N 233.50 335J0 SSI 50 222.00 224.00N 222.00 224XXX Saltan Saltan SMS cv 278.00 280.00N 279.00 281.00N SM« I 278.00 280.00N 279.00 281.00N SMJt
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    • 317 8 London Commodity Exchange Byy#f/S#W®f doting 1 prkot on Ok 15 (£/fonno unM Previous doting prici •w spodfied). w In por§fith#tH. Colls# &o»H ln-*tor« London, Mdort option OF London ion 1197/1198 (1193/1195) High/Low 1198/1186 Mor 1221/1222 (1213/1215) High/Low 1223/1210 f-l--Wtl (2796) Cocoa Ok 1014/1015 (1018/1022) High/Low 1024/1012 Mar 1043/1044
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  • Page 8 Advertisements
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    • 62 8 n 1 f. KAMPACffr CbrLftma* Eve e3 New Year'* Eve Special* Special Teppanyaki Course' available from $25+ per person to $40+ per person. Sushi Course Set available from $60+ per person to $80+ per person The Kampachi Hotel Equatorial. Tel: *****31. Level 4, World Trade Centre. Tel: *****28. Level 6,
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  • FOCUS
    • 1491 9  -  A nation steeped in Confucianism grapples with democratic ideas For many South Koreans, their country's presidential election marks a step forward towards a cherished dream democracy; and with democracy, freedoms they have so far been denied. However, reports SUSAN CHIRA from Seoul, many barriers still lie
      NYT  -  1,491 words
  • Page 9 Advertisements
    • 90 9 Banco di Sicilia is heir to a banking tradition which goes back to 1459Nowadays, Banco di Sicilia operates as a regional, national and international bank, in the short, medium and long term, with 343 branches throughout Italy, foreign branches in Frankjurt, London, Los Angeles, New York, Paris, a subsidiary bank
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  • Page 9 Miscellaneous
    • 65 9 Doonesbury HI. MAKE YOUR. YUR THANKS FOR COVERING. HOkJ'P IT 60 IN THE Ya W< OKAY. LISTEN, RJCX, PO YOU THINK UJE MAPE A MISTAKE NOT LOOKING AT H/LLPALE FOR JEFFREY? JEFFREY"? YOUHAVENT CAUEPHIM THAT SINCE HEHJASA BABY. 5l BY GARRY TRUDEAU JEFF, JEFFREY, MATS THE I TAKE IT YOU
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  • Page 11 Advertisements
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  • PERSPECTIVE
    • 490 12 IN BUSINESS, the rule seems to be periodic price increases rather than reductions. Even when efficiency makes it possible to lower prices, there aren't many organisations that will do so. After all, if you can make fat profits, why not? That's the name of the
      490 words
    • 1513 12  -  The October 19 market crash ends an uniquely American era. The days of materialism and euphoric excesses were swept suddenly from Americans' feet. It sobered consumers and executives. And it ends an era of greed and unbridled optimism. WILLIAM GLABERSON reports. WILLIAM GLABERSON NYT
      NYT  -  1,513 words
    • 1776 13 World economy AP A BIG, BLACK QUESTION mark hangs over the world economy as 1987 ends, with stock markets around the world still reeling from the October crash on Wall Street. Could this be a rerun of the October 1929 crash the
      AP  -  1,776 words
  • Page 12 Advertisements
    • 88 12 planning "All work and no play makes fifc* Jill a dull girl" and dull people don't make it to the top of any heap. Lifestyle is of crucial importance for all executives who realise that a healthy mind works better in a healthy body. To help executives plan their leisure
      88 words
  • Page 12 Miscellaneous
    • 668 12 CRYPTIC PUZZLE ACROSS 1 Garment with a very soft centre (6) 7 Has a resounding effect on listeners (5. 3) 8 As food, nothing more than a piece of sausage (4) 10 An "isle" that's out of the way (6) 11 The illusion of changing gear on the motorway (6)
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  • Page 13 Advertisements
    • 127 13 m# < m ry J fc>*. -3 IS r^" Cr Z.er r/7e Prince take care of you. The Prince of the City -t/, fte /fr/re of Kuala Lumpur is close to /f everything, including banks and ofmmmm fices. Just around the comer from shopping complexes offering a variety of souvenirs,
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  • Page 13 Miscellaneous
    • 1120 13 to quid mm H 4 from An OMct And A Gentleman on Ch 5 at 10.45pm ■<4 THURSDAY FEATURE SPECIAL An Officer And A Gentleman 10.45pm, Channel 5 Richard Gere and Debra Winger star as two misfits trying to find some direction in their lives one by enrolling in a
      1,120 words

  • SPORTS & LEISURE
    • 414 14  -  DRAMA By JAIME LYE ORIGINAL songs make ACTION! Theatre's production of Party Animal'a stand out from the usual offerings from local drama groups This mini-musical comedy written by Eng Wee Ling spoofs office politics and work hypocrisy. Set in the boss's house, Party Animals is about
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    • 271 14 Reuter WEST GERMANY was out to avenge its 1986 World Cup final defeat by Argentina when the two sides met in a friendly yesterday. The match at the Velez Sarsfield Stadium yesterday was the third between the two sides since World Cup-winning coach Carlos
      Reuter  -  271 words
    • 276 15 AFP THE MAGNIFICENT EXPLOITS of lan Woosnam in 1987 have won him the award as the Ritz Club golfer of the year. He was in London on Tuesday to receive his prize after an overwhelming vote from former Ryder Cup players and members of
      AFP  -  276 words
    • 170 15 AFP SOUTH AFRICANS David Frost and Fulton Allem won a three-match challenge golf series against Mark O'Meara and Andy Bean 2-1 in Johannesburg on Tuesday. The 155,000 rand (U5577,000) challenge comprised three consecutive days of 36-hole matches a foursome betterball and two singles
      AFP  -  170 words
    • 474 15 AP VIJAY means "winner" in his native Hindi. But Vijay Amritraj, the playing captain of India's Davis Cup tennis team, is likely to be a loser in this weekend's final against heavily favoured Sweden. It could be a rout one of the most one-sided
      AP  -  474 words
    • 391 15 UPI NEW ZEALAND'S Michael Fay met for more than three hours on Tuesday with the defenders of the America's Cup but failed to persuade the San Diegans to allow other nations to race for the trophy next year. Malin Burnham, chief executive officer of Sail
      UPI  -  391 words
    • 632 15  -  Jranklif sjieakinq... by WALTON MORAIS THE SAD EPISODE between England cricket captain Mike Gatting and Pakistan umpire Shakoor Rana has thrown cricket into the sort of crisis that can be both depressing yet challenging. Cricket has only two ways to go now deeper into
      632 words
    • 102 15 Reuter LEFT-HANDED BATSMAN Neil Fairbrother won his second England cap in the third test against Pakistan in Karachi ye*, terday. He is one of three changes to the side which drew the second test in Faisalabad, marred by s row between England captsld Mike Gatting
      Reuter  -  102 words
  • Page 14 Advertisements
    • 932 14 u FASHIONABLY HYATT Join the fashion-conscious every Thursday (3.00 6.00 pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus.show at $10.30 per person. »gjgi£2£Sfi&
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    • 265 14 The finest Beijing cuisine from Pine Court, with complimentary Hennessy Cognac MENU I includes steamed live sea-fish, stuffed black mushroom and Peking Duck. Price: $688* nett per table. Complimentary bottle of Hennessy XO. MENUH includes braised shark's fin with chicken sauce, braised abalone with green vegetables and sweet sour garoupa.
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  • Page 15 Advertisements
    • 407 15 if Mi ss In \3 There's a cafe on a lush, green hi 11... where you can take a break. Meet friends. Relax. Make choices from the delightful international cuisine and Asian favourites. Prawn Mee. Nasi Goreng. Prawn Curry. Rahmschnitzel. Hainanese Chicken Rice. And much more. At Cafe in the
      407 words
    • 43 15 COMES WITH CHOPSTICKS, GOES WITH DYNASTY. IYNi J MEPR M DRY IfTE VINE X i Jry wine which dtrivrs ifs refrafang flggg grape* (jrown in the Tianjin repnn IViduir i>f Chirw v -<**:• ov ran IF IT COMES WITH CHOPSTICKS. IT GOES WITH DYNASTY.
      43 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4441 16 WALL STREET'S display of resilience buoyed sentiment on the Singapore stock market yesterday, pushing share prices higher for the third day running. Many brokers were surprised by the market's sustained rebound as they had expected the market to drift downwards in response to
      4,441 words
    • 260 16 Rises SINGAPORE Indices Doc IS Dac 14 Goodwood Pork 1000 50 IT Compoaft* 664.15 677.21 S 1 A •70 20 •TOt/OS 44 35 F N 725 15 (T CADI -7351 -7271 Roftvnons M i<o 460 12 •T lO-day* A -7451 •7446 ft Stnbowo ng 406 12 »T
      260 words
    • 3828 16 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. SECTION ONE M DOS TRIAL ft COMMERCIAL Acmo II 05
      3,828 words
    • 43 16 LUM CHANG HOLDINGS Limited: 5th AGM at the Board Room, #03-00 Kim Tian Plaza, 38 Kim Tian Road. Singapore 0316 tomorrow at 11am. METAL CONTAINERS Limited: 17th AGM at 15 Scotts Road #05-01, Thong Teck Building, Singapore 0922 tomorrow at 10am.
      43 words
    • 283 16 Monagers' prices Jopon Gf Fund* IJ7 1 42 Sltenton Thrift Fund* 076 076 for Dec 18 UOB Management Singapore Unit Trust Unifund* Untbond 074 100 074 102 TK# Co«*T>e'ce OSS 091 The Savings Fund 074 07? AAARA-Bumipcrtra S pore frog Fund 034 038 First B'putro 5X 525 S
      283 words

  • COMPANY NEWS
    • 404 17 mmm mm™ HOCK LOCK SIEW THE OCTOBER market crash isn't likely to put a crimp on Christmas revelry for brokers, dealers and analysts this year as firms are still handing out generous year-end bonuses. This year's bonuses will in most cases top last
      HOCK LOCK SIEW  -  404 words
    • 338 17 THE SUDDEN RESIGNATION last week of Haw Par International's managing director, Loo Siew Poh, was unfortunate. After an illustrious career spanning three decades for which his contributions to the private and public sectors were recognised Mr Loo resigned after taking full responsibility for possible breaches of the
      338 words
    • 208 17 THE New Straits Times group has reported a 10.2 per cent increase in unaudited pre-tax to M 527.05 million for the year ended Aug 31, 1987. The increased profits were achieved on a lower turnover of $165.74 million, compared with $181.4 million last year.
      208 words
    • 567 17 Agencies THE KUALA LUMPUR Stock Exchange (KLSE) is conducting a study to evaluate problems faced by stockbrokers as one of its strategies to avert a crisis in the stock market. KLSE chairman Nik Mohamed Din said in Kuala Lumpur that the
      Agencies  -  567 words
    • 282 17 Tuan Sing completes debt revamp TUAN SING Holdings Ltd has executed a restructuring agreement with all its bankers in respect of the group's existing bank debts. The agreement which forms an integral part of the group's proposed scheme of restructuring. provides for a conversion of a portion of
      282 words
    • 458 17  -  By LISA LEE WEARNE BROTHERS Ltd has continued to reap good profits from its aggressive diversification into the fields of hightechnology, electronics and leisure. The group's well-planned moves have paid off as strong performances from associates helped boost its audited net profits by 15.8
      458 words
    • 458 17  -  Rights issue undersubscribed By AMY BALAN TWO MONTHS after the stock market crash, investors are still shunning cash calls, much to the disappointment of underwriters. The most recent Shan-gri-La Hotel Ltd's one-for-10 $45 million rights issue has resulted in a $2.5 million paper loss
      458 words
  • Page 17 Advertisements
    • 40 17 iiH long Bee Finance Co Ltd FIXED DEPOSIT -v,•.<*>•■ < ''WA W* J *4# Hire Purchase Industrial and Commercial Machinery Construction Equipment Properties Share Loans 116 Middle Road #03-01 o ICB Enterprise House Singapore 0718 z Tel: *****81, *****04, *****87 i
      40 words
    • 312 17 Business Quiz M£o K on achievement $5,000/- to be won! Business Times and DHL are running the Business Quiz contest in conjunction with the BT-DHL Businessman of the Year Award. Write your answers in the official entry form. (Hint: Answers can be found in articles which appeared in Business Times
      312 words

  • REGIONAL MARKETS
    • 308 18 Reuter MEDIA TYCOON Rupert Murdoch has defended the proposed purchase by his News Corporation of shares in Australia's domestic news agency and the country's only newsprint manufacturer. He said in a letter to the Australian Financial Review that a letter to the daily
      Reuter  -  308 words
    • 267 18 AFP MITSUBISHI CORP. a major Japanese trading house, said yesterday its net profits in the first half of the current business year rose 7.2 per cent to 16.045 billion yen (U*****.3 million). Meanwhile, four leading research institutes in Tokyo said on Tuesday that major Japanese
      AFP  -  267 words
    • 3825 18 BULLS continued to domi nate trading at the Kuala Lumpur stock market yes terday and share prices were chased up for the third consecutive day. The buying spree left a trail of gains. Despite a bout of late profit-taking, fairly widespread doubledigit gains were posted.
      3,825 words
    • 1452 18 Hongkong PRICES on the Hongkong market closed sharply higher for the third consecutive day yesterday as sentiment improved on Wall Street. The Hang Seng Index finished 65.09 points higher at 2,145.71, gaining momentum in the afternoon, while the broaderbased Hong Kong Index rose 42.76 to 1.401.69. Turnover
      1,452 words
    • 93 18 Reuter HENDERSON LAND Development Co Ltd expects satisfactory profit growth in its current fiscal year as the October plunge in stock prices will have a limited impact on the property market, chairman Lee Shau Kee said. Henderson concentrates on the development. of small residential properties.
      Reuter  -  93 words
    • 526 18 Reuter PRICES fell slightly in moderate trade on the Tokyo market yesterday due to market concern over uncertain US currency policy. The Nikkei Average lost 27.31 points, or 0.12 per cent, to 22.819.42. The index fell 79.55 points on Tuesday. Advances almost equalled declines in turnover of 680 million
      Reuter  -  526 words
    • 475 18 Reuter AUSTRALIAN shares closed easier but off their lows yesterday due to selling in the gold sector following a sharp fall in bullion prices. Gold fell 13.00 to U*****.20 an ounce overnight in response to a stronger US dollar and weaker crude oil prices. It recovered slightly in Asian
      Reuter  -  475 words
    • 168 18 Reuter THE SECURITIES Exchange of Thailand Index rose 12.40 to 275.51 on a turnover of 5,260,620 shares worth 477.76 million baht. Reuter IXC 1« BAHT Ao Kham Thai Ayudhya InvMtmant 232 20 Bangkok Agro-tnd. 69 S Bangkok Bank 303 8 Bank Of Ayudtiya 300 +12 Charoong Thai Wira CaWa
      Reuter  -  168 words
    • 286 18 DEC If NT S All Sincara Indus Asia Cement C«»»i»y Cona Chang Hwa Bank Chang Loong Chia Hsin Cement Chin Hain Flour China Cham China Dav China Elect Wira China Quit Ptaa China Retoar China Staal Chung Hwa Pulp Chung Shing Tax Far Eaat Dapt Far Eaat Tax 2
      286 words
    • 98 18 oec if PESOS Acoi« Mining Anglo Phil 0017 unch Ap«x Mining B 0 525 047 Atlas Con B 27 1 Baguio Gold Basic Patrolaum 0 014 -0 001 Benguat Con B 106 -2 First Pfiil Hiags e 70 0 3 Lapanto B 052 unch Marcopper 1 20 -0 04
      98 words
  • Page 18 Advertisements
    • 333 18 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NORTHUMBRIA CORPORATION PTE LTD (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the member of NORTHUMBRIA CORPORATION PTE LTD duly convene and held on 11 December 1987 at 10.00 a.m. at 36 Robinson Road
      333 words
    • 247 18 THE COMPANIES ACT, CAP. 50 GUAN HOE OIL DEPOT PRIVATE LIMITED (In Voluntary Liquidation) SPECIAL RESOLUTION PASSED ON 8 DECEMBER 1987 At an Extraordinary General Meeting of the company held at 561-C Balestier Road. Singapore 1232 on 8 December 1987, the following Special Resolutions were passed: (a) That Guan Hoe
      247 words
    • 163 18 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S FLAG We, KUOK (SINGAPORE) LIMITED of 13/15 Carpenter Street, Singapore 0105, hereby give Notice that In consequence of the intended transfer of Flag of the undermentioned Vessel. We have applied to the Registrar of Singapore Ships, under Section 417 of the Merchant Shipping
      163 words

  • WORLD MARKETS
    • 1068 19 New York Reuter INVESTORS pursued technology, transportation and some other economically sensitive issues on Tuesday, sending Wall Street moderately higher. But major rally attempts throughout the day were inhibited by the sharp declines in the banking and oil groups. The Dow Jones Industrial Average rose 8.62
      Reuter  -  1,068 words
    • 926 19 London Reuter EQUITIES opened mixed in quiet trading on London stock market yesterday after an only moderately higher close on Wall Street overnight, but a steadier US currency helped some of the big dollar earners, dealers said. The FTSE 100 opened little changed, down just
      Reuter  -  926 words
    • 1250 19 Selected indices HONGKONG Hongkong Index Wednesdoy 1401 69 Tuesday 1493 98 Week ago 1296 93 Hang Seng Index Wednesday 2145.71 Tuesday 2000 62 Week ogo 1984 98 All Industrials Wednesday Tuesday Week ogo NEW YORK Dow Jones Tuesday Monday Week ago 1879 3 1883 4 1904 2 1941 48 *****6
      1,250 words
    • 81 19 Reuter HITACHI LTD is likely to set up a semiconductor production line at its whollyowned unit. Hitachi Semiconductor (America) Inc. a company spokesman said. The line would be set up in a vacant building at its plant in Irving. Texas and produce
      Reuter  -  81 words
    • 513 19 Late buying spree yet to come Reuter MOST RETAILERS rang up steady, modest sales gains in the first half of December as post-stock crash gloom failed to turn shoppers into holiday Scrooges. But analysts said a remaining unknown is whether the late
      Reuter  -  513 words
    • 264 19 Reuter ATLANTIC Richfield Co, which last week bought a large stake in Britoil PLC, says it may bid for all the company if rival British Petroleum PLC attempts to take the smaller oil company over. Last Friday Arco launched a massive buying sweep on
      Reuter  -  264 words
    • 348 19 FT TEXACO, the US oil group which sought refuge in the bankruptcy courts from a US$lO.3 billion jury award of damages to Pennzoil, may have to sell assets and face a takeover following a US$5 billion plan to lead the company out of bankruptcy.
      FT  -  348 words
    • 252 19 Reuter DUTCH ELECTRONICS group NV Philips Gloeilampenfabrieken has won two licensing contracts to produce China's first digital company telephone exchanges. Under the deal, factories in the Shenzen freetrade zone and the city of Chande will produce Philips's Sopho-S type exchanges for the Chinese market. The
      Reuter  -  252 words
    • 140 19 Reuter GENERAL MOTORS Corps board of directors has approved spending of US$l.9 billion on product development and construction of the company's new Saturn car assembly plant in Tennessee, a newspaper in Detroit said. The Detroit Free Press, quoting unnamed Saturn officials, said the
      Reuter  -  140 words
  • Page 19 Advertisements
    • 137 19 3 *4 M* •M f* r* G c t5 5 wvtt« r» SIMM IS lIMISI I CHI SSI rm Mart M«a WE'VE CUT THE COST Of SENDING 6000 NEWS FROM HOME jr~' The Straits Times WEEKLY OVERSEAS EDITION sutncroton 0» Tht Slr*tS T*t*s ttfcetty SATURDAY, SEPTEMeEH 5 11*7 m» iubscretor
      137 words

  • 410 20  -  Home Affairs awaits approval for new building By LEE HAN SHIH Property Correspondent AFTER A LULL of almost three years, government ministries are again asking for new buildings for their headquarters. One of them is the Ministry of Home Affairs, which is seeking approval for
    410 words
  • 357 20 NYT OIL PRICES again fell on world markets yesterday after Opec decided to maintain its current production and pricing levels until the middle of next year. On the New York Mercantile Exchange, there was near-panic selling of futures in crude
    NYT  -  357 words
  • 225 20 Bernama PETRONAS is happy with the accord reached by the Organisation of Petroleum Exporting Countries (Opec) to peg the price of oil at US$lB per barrel for the next half year, Petronas chairman Raja Tan Sri Mohar Raja Badiozaman said yesterday. The current level would
    Bernama  -  225 words
  • 107 20 Reuter SIX GULF nations near the IranIraq war arena are studying a scheme to loan oil to each other in the event of emergencies. The Gulf Cooperation Council (GCC) scheme would allow the group to help a member whose oil installations were endangered,
    Reuter  -  107 words
  • 343 20 Reuter THE TOKYO Stock Exchange, the world's largest, said yesterday that it was admitting 16 foreign and six Japanese brokerages following a long and aggressive push by overseas firms for greater access. Despite an uncertain market outlook in the wake of
    Reuter  -  343 words
  • 271 20 Reuter COCONUT and palm oil prices rose to 12-month highs on Tuesday as traders worried that a new tropical storm headed for the Philippines and floods in Malaysia might reduce already tightening world supplies. India has also been snapping
    Reuter  -  271 words
  • 229 20 Reuter ASIA'S newly-industrialis-ing countries will suffer economic slowdown next year as they come under mounting US pressure to cut their trade surpluses. Japan s Institute of Developing Economies said yesterday that the countries would also be hurt by an expected economic slowdown in the US,
    Reuter  -  229 words
  • 435 20 Reuter THE JOINT chief executive of West Germany's largest bank yesterday criticised government economic policies and said Bonn was not fulfilling international expectations. Wilhelm Christians, joint management board spokesman of Deutsche Bank AG, told West German radio: "We in the Federal Republic have not
    Reuter  -  435 words
  • 332 20 AFP THE SOVIET UNION'S First Deputy Defence Minister, Marshal Sergei Akhromeyev, yesterday assailed the West for seeking measures which "run counter to the spirit" of a treaty eliminating intermediate-range nuclear arms (INF) signed in Washington last week. In an interview
    AFP  -  332 words
  • 182 20 Reuter SOVIET VICE-FOREIGN Minister Igor Rogachev will brief Chinese officials on the Reagan-Gorbach-ev summit next week, in the first such talks between Beijing and Moscow, the Chinese Foreign Ministry said yesterday. One western diplomat called the high-level meeting a protocol coup for
    Reuter  -  182 words
  • 108 20 Reuter TWO BUSINESSMEN acquitted of fraud conspiracy charges in Hongkong's longest and costliest trial were denied court costs yesterday. A court denied payment of costs to Stephen and Rogerio Lam, acquitted in September of conspiring to defraud shareholders and creditors of the collapsed Carrian
    Reuter  -  108 words
  • 88 20 Reuter COMEX GOLD FUTURES were marked up on buying by professionals and bargain-hunters early yesterday morning following the overnight recovery in crude oil prices. The February gold delivery rose US$4.OO at U*****.20 an ounce, recapturing part of Tuesday's oil-induced loss of US$l3.OO. Silver futures turned quiet
    Reuter  -  88 words
  • LATE FILE
    • 62 20 AFP RULING party candidate Roh Tae-Woo was ahead by a wide margin in the first returns after the polls closed yesterday in South Korea's first direct election in 16 years. Mr Roh obtained 57,766 votes in early counting, with Kim Young-Sam behind at 28,769 votes
      AFP  -  62 words
    • 31 20 AFP PHILIPPINE Armed Forces chief General Fidel Ramos yesterday opposed a formal Christmas ceasefire with communist guerillas, saying it could allow the insurgents to rebuild forces. AFP
      AFP  -  31 words
    • 31 20 Reuter INDIAN Prime Minister Rajiv Gandhi yesterday urged closer cooperation with Burma in trade and industry before leaving the country after a two-day visit. Reuter
      Reuter  -  31 words
    • 28 20 AFP AT LEAST 20 people have died in fresh violence in Sri Lanka involving Tamil guerillas, said official sources in Colombo yesterday. AFP
      AFP  -  28 words
    • 35 20 AFP PAKISTAN has no programme to build a nuclear weapon nor has it built a bomb-making facility at Golra near the capital, said a foreign ministry spokesman in Islamabad yesterday. AFP
      AFP  -  35 words
    • 53 20 AFP FRENCH President Francois Mitterrand has expressed his support for Cambodian opposition leader Prince Norodom Sihanouk. The former Cambodian monarch said in Paris yesterday that Mr Mitterrand had told him during a meeting that "no one could replace him" in the search for a solution to the
      AFP  -  53 words
    • 46 20 Reuter MICHELIN (France) Co yesterday formed a joint venture with Siam Tyre Co Ltd of Thailand to produce radial tyres for sedans and light trucks in Bangkok. Michelin Siam Co Ltd will invest more than one billion baht in the factory. Reuter
      Reuter  -  46 words
    • 54 20 Reuter A STRIKE by ground staff that has shut down Air Canada for more than a fortnight and threatened to hit Christmas travel ended yesterday with negotiators in Ottawa saying a tentative pact had been reached. The settlement meets union demands for pensions to be indexed
      Reuter  -  54 words
  • Page 20 Advertisements
    • 57 20 THE LONGINES STYIJC Conquest VHP in titanium v A** V LONGINES Prkk- of the Swiv. mikc 18*2 Official Timekeeper of the Games of the XXIV th Olympiad Seoul 19XH OffKial Timekeeper ol the XV th Olympic Winter Games Calgary 1 »*H 6 Scons <Watduf oftSmtitrfanL #01 16 ScofK Shopping Cow«
      57 words
    • 6 20 Impact on world oconomy, Pago 8
      6 words
    • 117 20 QUALITY BEFORE YOUR EYES r\ When it comes to eye care, we do it in to eye style. Whatever your personal preference, we have the frame to complement your looks and lifestyle. In over 3000 designs, sizes and colours. Choose from our top-of-the-line Exclusiv, unisex Modelbrillen, fashionable Lady R and
      117 words

  • SHIPPING TIMES
    • 128 21 THE BULK carrier market will be weaker next year with reduced vessel employment and a softening of charter rates, particularly lor smaller vessels The bearish forecast is made by the Lloyd's Maritime Information Services Ltd and Maritime Strategies International Ltd. In the projection,
      128 words
    • 360 21  -  By LINDA CHEE AFTER a break of about four years, Soviet carrier Fesco Lines has returned to the Canadian trade with a monthly service to South-east Asian ports. An agency spokesman in Singapore said three 12,000-ton general cargo ships have been slotted into the service
      360 words
    • 104 21 Reuter THE ASIAN Development Bank (ADB) has approved U5543.5 million in loans for a port project in the Philippines capital. It said the amount will finance part of the foreign exchange component of the total project cost of U5586.69 million. ADB
      Reuter  -  104 words
    • PORT SIDES
      • 74 21 Reuter THE WORLD BANK has agreed to help finance a five-year plan to rehabilitate Tanzania's transport sector, the government-run Daily News said. The Daily News quoted World Bank representative Isaac Sam as saying his institution would announce a package to back Tanzania's transport rehabilitation programme
        Reuter  -  74 words
      • 169 21 Reuter THE 13-MAN crew of a Honduran-registered cargo ship which began listing after its load shifted about 804 km offshore was rescued by a passing vessel on Tuesday, the US Coast Guard said. A salvage tug was enroute from St John's to assist the
        Reuter  -  169 words
      • 142 21 AP A COMMERCIAL ferry with 50 people aboard sank in shark-infested waters, and at least 10 people, including a vice mayoral candidate, drowned, officials said. Thirteen others were reported missing and feared drowned. A Philippine constabulary spokesman in Manila said the Jennifer sank on Monday
        AP  -  142 words
      • 72 21 International Transport Journal IN ASSOCIATION with Comar Container Line. Evergreen Line will start a feeder service between Grangemouth on the east coast of Scotland and Rotterdam. All Evergreen traffic to and from North America, the Caribbean and the Far East will be routed in future
        International Transport Journal  -  72 words
      • 87 21 Reuter THIRTEEN people were killed when the Kenyan coaster Tawakal caught fire off Kiunga near the Somali border on Monday, the ship's owners said on Tuesday. A spokesman for Tawakal Enterprises Limited said the ship had been heading from Mombasa to Kismayu in southern Somalia carrying
        Reuter  -  87 words
    • 890 22 Fairplay IN 1982, CAPTAIN Ahmad Sufian left national carrier Malaysian International Shipping Corporation, where he had been instrumental in setting up the LNG operation, to build up a complementary shipping line, Pernas. To this day. Capt Sufian states the government has never
      Fairplay  -  890 words
    • 222 22  -  From KINGSLEY WOOD THE NATIONAL Farmers' Federation has called for the reHSeval of all bans on the entry of foreign flag ships to the Australian coastal trade. In a submission to the coastal shipping inquiry being heard by the Industries Assistance Commission,
      222 words
    • 761 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 >/2 A PC line V 4 API III 2/3 Arrow lines IX 5 ASCI
      761 words
    • 1167 22 CHARTERING in many sectors on the London shipping freights market was either limited or non-existent on Tuesday. Even in the grain sector, a 6.945 ton cargo of bulk rice to Dakar at US$4O was the only consignment booked out of the US Gulf. The only other grain business
      1,167 words
    • 430 23 Lloyd's List EIGHT REMAINING jumbo-econ container ships from United States Lines (USL) ill-fated round-the-world venture could soon be trading under Sea-Land livery. The 4,458 TEU vessels, remnants of Malcolm McLean's 12strong global fleet, will be auctioned in Seattle and Manhattan on
      Lloyd's List  -  430 words
    • 323 23 Reuter AN IRANIAN gunboat attacked a Greek tanker in the southern Gulf yesterday, setting it on fire but causing no casualties. The Iranians fired at least three rocket-propelled grenades at the 29,990-tonne World Produce off Ras Al Khaimah near the entrance of the
      Reuter  -  323 words
    • 54 23 THE FOUR members of the Japan/Bangkok Container Club will extend their joint service agreement by another three years. The existing seven-year pact will expire on Jan 14. 1988. The group John Swire Sons (Japan). "K" Line. Mitsui OSK and Thai International Maritime Enterprises operate four vessels
      54 words
    • 147 23 Reuter AUSTRALIA will build a Asl24 million icebreaker to replace its Antarctic vessel Nella Dan which ran aground two weeks ago. The new vessel, expected to begin its Antarctic run in October 1989, would carry 70 scientists and crew. Environment Minister Graham
      Reuter  -  147 words
    • 202 23 The above information is compiled from data provided by the Singapore National Shippers' Council ALL SURVEYS were conducted on Nov 23 Argentina Buenos Aires 25 vessels operating. Australia Brisbane, Sydney and Melbourne Normal operation. Brazil Santos 40 vessels operating. Cameroon Douala Normal operation. Canada Vancouver (British Colombia) Waiting
      The above information is compiled from data provided by the Singapore National Shippers' Council  -  202 words
    • 187 23 AP TWO TANKERS collided in the Atlantic Ocean about 1,1,20 km off Florida, and one vessel was reported to be in danger of sinking, the US Coast Guard said. The number of people aboard was not immediately known. The Panamanian tanker Explorer and
      AP  -  187 words
    • 7304 28 §®aBG)QllB 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
      7,304 words
    • 127 28 ArM/Port Viscosity Density Water CSTst 50C Q/ML et 15C Volume 0/0 Africa/Red Sea Jeddoh 156/180 0.952/0.957 0.0/0.8 Durban 45/171 0.964/0.992 0.0/0.2 Arabian Gulf Ros Tanura 164/171 0.948/0.949 0.0/0.3 Bahrain 167/186 0.975/0.975 0.1/0.1 Europe Rotterdam 31/436 0.956/1.011 0.0/1.6 Hamburg 143/378 0.969/0.991 0.0/0.4 Le Havre 28/374 0.923/0.978 0.1/0.2
      127 words
    • 1379 29 AT CONVENTIONAL WHARVES Vessel Berth Arrival Departure KEPPEL WHARVES Mmtont 01 olongt^* 17 12/1700 Als Prosperity K36 o'ongj.d# 17 *****0 April Glory K28 alongnd* 17 12/1500 Borbor Tobo C0» olongvd* 17 *****0 Equator V K22 OlOngiKj* 17 12 "0700 Huo«>ng *3C ok>ngiKj» 17 12 0600 HuOyxi KI9
      1,379 words
  • Page 21 Advertisements
    • 774 21 > 1 TjMES STP Distributors r»n#« Pu6Mwi« Croup Okjeni Oviujiaj CvUcim* Line \WU/ JAR DINE SHIPPING AGENCIES (Rag No. M2M4/ 00K 200 CantomiNnt Road #12-05 Souttipo.it. Singapore 0208 Td 22U011 TELEX NO RS 2(179 TERMINAL/CFS Tel *****11 220 BOOKINGS Til *****34 235 KSAKA JAR DINE SHIPPING AGENCIES SON. WO. PORT
      774 words
    • 72 21 IN 1982, CAPTAIN Ahmad Sufian left national carrier MISC to build up a shipping line. To this day, Capt Sufian states the government has never given him specific terms of reference. Page II EIGHT REMAINING jumbo-econ container ships from USL ill-fated round-the-world venture could soon be trading under Sea-Land livery.
      72 words
    • 551 21 o,o° TIMES s,ngap° rE sTKI^ 1 -I t 1 STP Distributors Tim»M out>4mtMng Group MAERSK LINE SINGAPORE/ U.S.A. END YEAR SPECIAL "LEXA MAERSK'* VOY 8802 Departure 31.12.87 This net Luna M Closing Time CY 30/12 2300 HKS CFS 30/12 1300 MRS M Rando M Rando M Rando M Rando M
      551 words

  • Page 22 Advertisements
    • 563 22 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 VOY VIA FEEDER SPORE MARSEILLES BARCELONA ALEXANDRIA BEIRUT LATTAKIA PK I PNC ETA/ETD ETA ETA ETA ETA ETA I ETA
      563 words
    • 17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 466 22 CHARGEURS REUNIS DIRECT CONTAINER SERVICE TO WEST INDIES FEEDER VSt SfWE MOTHER VSL MARSEILLE SITE POUTTE-A-MTRE FORTDEFRANCE DEGftAD-DCS CANNE A VSL am CR MARSEILLE *B1 tm n/U iv® A' VSL 23(12 CR UMCWIU SMI a/M 8402 <0102 OME ALSO ACCENT CARGO TO MAURITIUS, LUANDA. BANGUI N'OOAMCNA. NUMEY. OUAOADOUOOU, BOMO DtOULASSO,
      466 words

  • Page 23 Advertisements
    • 1144 23 The Straits Steamship Group Mansfield Container (gT Shipping Pte Ltd P&O raVA>l, Containers Limited STRAITS SHIPPING Singapore to Sabati, Sarawak, Brunei Ports and Bangkok a:w; WA'Mmun .:rim;;n; S tar H'buri I'lwm R4»m la Ha •W Ml Ml Ml upi 12/01 IM>l 14*1 u/n urn am no am w w njn
      1,144 words
    • 480 23 EUROPE ee 717 B.H tin za.ii an EE Ml tt.lt lilt 17.1t lt.lt EE Mt D.ll BMI ll.lt (I II aan 17.11 iui uji iui m USA/PANAMA iiiji.'n, •§35 um jm ull mlj u1: juuu u 1 a 17.11 tz.ll ait ai.it a«.it aa.it nit 117.1t la.lt tt.it si.it ta.it
      480 words
    • 74 23 NOTICE ¥Ti rs 1) M.V. PAKAKTI LIMA Tl AMD 14.11 £7 2) M.V. ANDHKA TARAGDNA VI AMD XS-11-S7 3) M.V. TKNYU MAKU VIC -A11D14.11J7 Consignee of all iioiind cargoes ex the captioned veeeelß are hereby notlflad that a general survey will be held on 16th December IM7 [Friday] at Kecpel
      74 words

  • Page 24 Advertisements
    • 321 24 S£s Hapag-Lloyd C 0N T MNERSHIP SERVICE TO UK/CONTINENT CONV/SEMI- CONTAINER SERVICE TO EUROPE CONV SEMI CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK/CONTINENT Singapore *****00 K. Lumpur *****25 Booking *****08 P. Kelang *****18 CFS *****48 CFS *****50 Penang *****7, *****2 i BIRKART SOUTHEAST ASIA PTE. LTD. INTERNATIONAL FREIGHT.FORWARDE
      321 words
    • 601 24 km* c o**o*a j torn FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ 1 Member of the Ace Consortwn mm m FROM EUROPE VIA SUEZ A Member of the Ace Consortium fUILY CONTAINfRISfD 10 fROM NORTH AMERICA VSES! COASI CONVtNTIONAL SERVICE TO PERSIAN GULF VESSEL KUANTAN S'PORE LOADING FOR CRYSTAL REED
      601 words
    • 319 24 T/a FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO COLOMBO: SAILING 25/12 1/1 EURO-AFRICA LINE FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, 2 TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER t ISTANBUL PORT MORESBY, RABUAL, LAE KIETA, MADANG A KIMBE CALEDONIA FIJI ISLANDS NOUMEA SUVA/LAUTOKA 23/1
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    • 1197 24 m mczsl EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTINC CARGO TO: 1) PROVIDENCE NEWARK. SAVANNAH BOSTON PHILADELPHIA NORFOLK JACKSONVILLE WILMINGTON. BERMUDA ETC 2) ATLANTA. CHICAGO. DETROIT. COLUMBUS t OTHER MAJOR MICROBRIDGE DESTINATIONS «CITr COLON. SAN JUAN SANTO DOMINGO NEW ORLEANS HOUSTON. LIMON CURACAO VIA KINGSTON 4) MONTREAL.
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  • Page 25 Advertisements
    • 614 25 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VOY SIN JKT SBY VOY SIN POD HKQ KAO KEE HTC YOK MOO KOB BOS 03SB SM SM 11/12 04NB 23/12 23/12 2t/12 30/12 31/12 4/1 OMIT t/1 t/1 ISM 2S/12 2S/12
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    • 273 25 M NORBULK NORBULK CARGO SERVICES LTD. r REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL 66 KL PK S P YEO SHPG TRDC KL *****44 PK *****01 PENANG TANJONG MARINE SDN BHD TEL W85?5 SABAH TRANSPAC KK TEL W4BB 2?1?«8 I o
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    • 619 25 \a BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT *1 *1 w w IS/1 I*l an on 31/1 in V 7/2 m vn m m m aa tn *n 11/1 130 HAVEN ROAM HAVRE www m an an a/i vn vn an MS/2 7/2 W #2 11/2 mm an 22/2
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    • 609 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.f. SMUBEM IHMNESU P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES vsuvo* U BONTANC/13MB OCEAN PtNM/MI GANOA GAMA 20W0 ANTWERP ADAM/ROAM HBURC/WttMEN m m ah w w w Bub|«ct to lnduc*m«nt. Also Moc*pth>fl cargo to CwMwci, Port SaM, Port
      609 words
    • 267 25 BOUSTEAD SHIPPING AGENCIES |55 i'lAllLi 23DE Em NORTHBOUND TO UKC SPORE ROAM HULL HMBG TAUSALA SAMOA VIIN 30/12 23/1 2/2 27/1 MORAYBANK V4N 13/1 6/2 14/2 10/2 CLYDEBANK V22N 27/1 17/2 25/2 21/2 FORTHBANK V2IS Spore 2/1 (PNG ports: PORT MORESBY/KIETA/RABAUL/KIMBE/LAE/MADANG) T/S: ALOTAU, OROBAY, WEWAK, KAVIENG (PKL Agt H C
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  • Page 26 Advertisements
    • 1483 26 V K LinE SHtPPinG OftTfl flTLflilTiC COAST (Rotind-The-World Service) •PK/PNG SPORE LB CHLS NFK NYC RAINBOW BRIDGE VlO Sid 17 Dec 9 Jan 19 Jan 21 Jan 23 Jan NEPTUNE GARNET Vl2 19 Dec 24 Dec 16 Jan 26 Jan 28 Jan 30 Jan •VIA FEEDER PfICkRC SOUTH-WEST FEEDER VSI
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    • 824 26 '/Ie INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Singapore P Kelang Penang Loading tor Mather Vsl By Feeder By Feeder INDIAN COURIER V 26N lOTTE SCHEEI V THEODOR FONTANE V UN PRELUDE V 09 INDIAN COURIER V 27N SO TRIPURA V 33N lOTTE SCHEEL VJO RAVIDAS V MM INDIAN COURIER
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    • 727 26 GOLDEN LINE 'ofv GUAN GUAN SHIPPING (PTE) LTD 23, Ttlok Ayw Straet SINGAPORE 0104 TEL &M3W (It LINES) Fai SJ43M4 STRAITS/PERSIAN GULF SERVICE: GOLDEN HARVEST Cotomto/Karaehi/Dubai GOLDEN UNO Cotomßo Karachi Dubai CHINA SERVICE A VESSEL Xinnrtg, Shanghai DAI YUN SHAN Qingdao CU SHAN Qingdao S'pore P Ke«*n( Penanf 1/10 Jan
      727 words
    • 567 26 EAST/FAR EAST FCL A 19/12. 74/12 30/12. 2/1 19/12. 2312 -■22] PHILI-OniCNT UN€5 PT€ LTD HEAD OFFICE 63 ROBINSON ROAD .07-12 AFRO ASIA BUILDING SINGAPORE 0106 TELEX RS ***** PHILI FA* *****76 KsnuTm DUBAI DAM MAN KUWAIT DOHA. MUSCAT. BAHRAIN ABU DHABI I SHARJAH. JEDOAH. HOOEIOAH AQABA N KONG KOBE.
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  • Page 27 Advertisements
    • 718 27 NEPTUNE ORIENT LINES LTD mim/amt fuuycontaineriseo service *m. ACE TO EUROPI/UK (VIA SUEZ): N DIAMOND 73W (18,12) 20,12 7 1 8 1 a 0 CHIEF 57W (25 17) 27 12 14 1 I*l 2 H JACEJIN 42W (1/1) 3/1 211 3 KJACEWONiIW (3,1) VI 23/1 25,1 2« H CRYSTAL 43M
      718 words
    • 493 27 HEUNG-A SHIPPING Korean Flag Vessels OONAM SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG, PENANG. BUSAN. INCHON Vessel s Name ETD BS BKK S PORE PKELANC BUSAN MOJI M Enterprise/715N 21/11 OS/12 In Port 14-21/12 2S/12-01/0103/01 No Donam 712N 07/12 11/12 27 -2>/12 3101/01 11 25/01 27/01 No 9 Donam 709N 13/12
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    • 786 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 ***** P. KELANG ik<cbc uai Tunur cuiooiur ~7 D 0 M/S HANDLING SYSTEM CO SON BHD C*K JAYAPOM
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  • Page 28 Advertisements
    • 283 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 22b 6868 i3O Lmes' fAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTF R ACHT/SEEREE DE RE I ROSTOCK INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO: Accepting cargo for INDIA Bombay, Cochin. Madras Calcutta "VIA LARNACA Accepting cargo
      283 words
  • Page 28 Miscellaneous
    • 173 28 Ta Regional Weather m V. vm m <T a? Vk K SI rSIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO A.M. THIS MORNING. R X\ V Stujujj W*other W#xJ dKect.on w.th speed m knots Rom Wove heighl Cloudy Sky Wfo<l wmdt or# ltd*Oted br vowt wk<k Hy wttk H* »*»d One
      173 words

  • Page 29 Advertisements
    • 709 29 *****111 ■"B WEEKLY LCL/FCL CONSOL. SERVICES TO VANCOUVER, TORONTO, MONTREAL (CANADA) SPORE VANCOUVER TORONTO MONTREAL SlO THOMSON ROAO TEL: 259-9011 #09-42 SLF COMPLEX FAX: 259-4121 S PORE 1129 TELEX: RS ***** SCHES SHOREPACK FREIGHT SERVICES (S| PTE LTD TEL: 224-2542/3463/3875 FAX: 224-0421 TLX: RS ***** WEEKLY LCL FCL SERVICES TO:
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    • 219 29 east bound service ETA s ro LOADINC FOB MV SIN OB AO a/1 Jlnln MV ALRAZI W WEST BOUND SERVICE 1/v ITA S PORE LOADING FOR MV BAILEES SW ...k. .^..v MV BASRAH M 2 TT MV BAGHDAD 10A i«M»h S THROUGH B/Li to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS
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  • Page 30 Advertisements
    • 300 30 Hai Sun Hup Co (Pte) Ltd\ TEL *****06 (20 Lines" TLX RS ***** RS ***** Q J i \s|l R\ \R i l\l K. Ill) WEEKLY CONVENTIONAL t HEAVY LIFT SERVICE FROM SINGAPORE/PORT KELANG HONGKONG KEELUNG KAOHSIUNG TOKYO/OSAKA YOKOHAMA NAGOYA/KOBE CAR CARRIER SERVICE TO MUARA/KUCHING KK Loading at appropriated Borth
      300 words
    • 466 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST tNWES I.V nl II 21/12 m 21/12 14/1 JUTLANCXA V 471 I VI 22/1 NED. DCLFT VMS 12/1 W Alto Mrvinf GULF Savannah, Miami, Vera Cruz. Mtiico City/ FRENCH V. Ind Dafrad 0. Canrwt ATI. COMPASS
      466 words
    • 239 30 LCL WEEKLY SERVICE TO: KHLONG JO/11 MM/NEM 11/12 BANGKOK 10/12 MTTOOAM 10/12 ■OWKOM 22/12 TUORY 10/12 nammf 10/12 STI/MHJ 20/12 ADELAIDE 18/12 (trmn Mm 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY ETD GERMANY ETA S PORE CON-CARRIER 49/87 1/12 21/12 CON-CARRIER 50/87 1/12 28/12 LCL SERVICE TO CARRIBEAN PORTS ST.
      239 words
    • 623 30 :,v wjtY-trrr.YiVir, CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE i K. LUMPUR *****3/*****1 •*****122/4, *****3 '07-241*88 •07-*****3, *****5, *****0, *****1 •02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE nr rm TP KORRKAN JUTIANDIA rrr BUTANC M 7 OTHH DESTINATIONS. AARHUS. AMSTERDAM. ANTWERP, BASLE BREMEN BREMERHAVEN.
      623 words