The Business Times, 29 December 1987
1987-12-29
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The Business Times
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Title Section11 1987-12-29 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, DECEMBER 29, 1987 75 CENTS11 words
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Article143 1987-12-29 1 Overseas markets Monday HK Hang Seng Index 2286.75 (-92.32 Tokyo Nikkei Average *****.00 30.56 Sydney All-Ordinaries Closed Friday New York (Dow Jones) Closed London (FT 30 Index) Closed Exchange rates US): 123.60/80 yen 1.6020/30 DM S$ 1.9965/75 US$1.8610/20 M$ S$0.7980/87 Simex Euro-$ (Mar) 92.34 (-5 DM (Mar)0.6300143 words
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Article83 1987-12-29 1 Reuter WALL STREET stock prices yesterday fell sharply in early trading. Traders say a wide discount in the nearby futures contract over the cash stock indexes suggested early program stock selling. They related both the program action and other cash stock selling to a drop in theReuter - 83 words
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594 1987-12-29 1 AMY BALAN - Registrar of Companies also looking into complaints By AMY BALAN THE STOCK Exchange of Singapore and the Registrar of Companies have acted in response to complaints about delays in registration of shares. Both authorities seemed determined to stamp out this long-standing grouse of investors.594 words
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Article, Illustration310 1987-12-29 1 CONCERN OVER currency instability and global economic insecurity caused major Asian stock markets to close easier yesterday. In Singapore, rumours of an imminent takeover bid for property counter Malayan Credit provided the main interest in an otherwise erratic day of trading. Analysts said the weak310 words
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327 1987-12-29 1 THE AMERICAN DOLLAR crumbled under heavy selling pressure in foreign exchange markets yesterday on resumption of trading after the Christmas holidays. It fell to post-war lows in the morning against the yen and the German mark before rallying in the afternoon on heavy327 words
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Article, Illustration629 1987-12-29 1 Bernama FORMER MCA president Tan Koon Swan was charged in the Sessions Court in Kuala Lumpur yesterday with abetment of criminal breach of trust of Ms 23 million belonging to Multi-Purpose Holdings Bhd (MPHB). Tan did not make any plea butBernama - 629 words
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Article89 1987-12-29 1 EGYPTIAN President Hosni Mubarak has come under "intense pressure" to sever Egypt's diplomatic relations with Israel. An Arab Israeli deputy Mr Abdel Wahab Darusha, who held talks with Mr Mubarak late last week in Cairo. told the daily Jerusalem Post that "the situation is worse than it was89 words
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474 1987-12-29 1 UPI THE JAPANESE CABINET yesterday approved a fiscal 1986 budget which will decrease the country's dependence on exports, boost its support for US military bases and hasten its own military build-up. The 56.7 trillion yen (U*****.9 billion) budget is in part aimedUPI - 474 words
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Page 1 Advertisements
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Advertisement68 1987-12-29 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM BALL POMT PENS m > r Wfl/TE TRACK. IT GOES A LONG. LONG WAY A Extra tough, extra smooth tungsten carbide ball Continuous smudge-free writing all the way Available in fine point Comes in black, red, blue green Retails at only 65 cents f68 words
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Advertisement312 1987-12-29 1 Full report, Pag* 12 Regional marfcats, Paga 14 SHARE MFORMATION MONEY ft EXCHANGES COMMOOfTIES AIRCRAFT SCHEDULE CROSSWORDS TV RADIO BRISTOW DOOMESBURY A JOINT COMMITTEE has been set up to map out a marketing strategy to ensure that the Singapore Indoor Stadium in Kallang will not become a white elephant. HOME312 words
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Advertisement9 1987-12-29 1 Ltadtr, Pag* Japan defence budget up spc, Page 39 words
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Advertisement317 1987-12-29 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Pag* 13, K«m Swan Shipping Times comes as a separate section today. Make sure you get your copy. FOUR CARDS For the price Of One Hongkongßank HC MayfCard c t: <Z> Hongkongßank Hongkongßank <x> i hen you apply for either a Hongkongßank Visa V317 words
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HOME NEWS
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Article, Illustration435 1987-12-29 2 TONG SUIT CHEE - By TONG SUIT CHEE A JOINT COMMITTEE has been set up to map out a marketing strategy to ensure that the Singapore Indoor Stadium in Kallang will not become a white elephant. This was disclosed by Mr Wong Kan Seng, Minister for Community435 words
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Article, Illustration536 1987-12-29 2 THE HOUSING Development Board yesterday took the first cautious step towards varying the prices of flats to take into account factors such as view and proximity to town centres. The new pricing policy will affect 2,500 flats in the current financial year ending March536 words
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291 1987-12-29 2 BOEY KIT YIN - By BOEY KIT YIN THE DEVELOPMENT of a highly skilled labour force, especially in tool and component design and manufacturing as well as in automation, will be more aggressively pursued by the Economic Development Board. Manpower development will also be focused291 words
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324 1987-12-29 2 LEE HAN SHIH - By LEE HAN SHIH Property Correspondent THE SINGAPORE Contractors Association Ltd (Seal) has asked the government to conduct an in-depth study on the problem of underground cable damage before assigning blame to contractors. Despite efforts by the Public Utilities Board, "the root of why cable324 words
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387 1987-12-29 2 THE RESPONSE to a recent tender for 300 units of lift trucks has shown that Japanese equipment suppliers no longer dominate bidding in this field. The Port of Singapore Authority in September called for tenders for 231 units of three-ton lift trucks and 69 units of387 words
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Article131 1987-12-29 2 SINGAPORE'S fourth Acquired Immunity Deficiency Syndrome (Aids) patient died yesterday. He was an unmarried 39-year-old male Chinese who had been identified last week by the Health Ministry as one of two new Aids cases. He died from respiratory and gastrointestinal infections. The ministry emphasised that131 words
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Article297 1987-12-29 2 Seminars and X ran Kyy *****1 3 1 Courses pf m anion Tlx: I.icoiKH 1 <•» ■k i S Jan 4 (commencement date) Jan 4 (commencement date) Jan 4 (commencement date) Jan 4 and 5 Jan 4-6 Jan 4-18 Jon 4-21 Diploma in Sales and Marketing Implementing Office297 words
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170 1987-12-29 2 HANDLING OUTPATIENTS will be a more efficient exercise for eight polyclinics which will go on-line soon. The Health Ministry and the National Computer Board yesterday announced that the polyclinics would begin using a $1.7 million Hewlett-Packard (HP) computerised patient management system from170 words
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Page 2 Advertisements
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Advertisement157 1987-12-29 2 YOU 'RE FlSty 9 Hon G KQrw s >h Fook Yuen Seafood Restaurant is it. Exotic and authentic Hongkong-style Cantonese seafood and gourmet dishes materialize out of an epicurean menu. A connoisseur's treat by gourmet chefs. In surrounds ecletic enough to make a great culinary experience truly memorable. The decor,157 words
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Advertisement281 1987-12-29 2 CIVIL AVIATION AUTHORITY OF SINGAPORE TENDER NOTICE DUTY-FREE CONCESSIONS AT SINGAPORE CHANGI AIRPORT AND SELETAR AIRPORT Tenders are invited from the public to operate either one or both of the following two concessions:(i) Duty-Free liquor and Cigarette/ Tobacco Concession in Passenger Terminal 1, Singapore Changi Airport (n) Duty-Free Liquor/Cigarette/Tobacco and281 words
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ASIA-PACIFIC
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584 1987-12-29 3 UPI JAPAN'S electronics industry, calling for an immediate removal of US retaliatory trade sanctions, appealed to its US counterpart yesterday for "meaningful" in-dustry-to-industry discussions to promote mutual understanding and cooperative relations. The appeal was made in a 25-page report, entitled "Views ofUPI - 584 words
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146 1987-12-29 3 Reuter JAPAN is considering allowing foreign companies to participate in public works projects wholly funded by the government, backing down from an earlier refusal to allow outside participation. A Foreign Ministry spokesman said yesterday that while the government was thinking of allowing foreign participation,Reuter - 146 words
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170 1987-12-29 3 AFP JAPAN has sought an immediate halt to agricultural product export subsidies by the US, the European Community and other leading farm producers, Japanese government officials said yesterday. The officials said the proposal was contained in a report presented recently to a group ofAFP - 170 words
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Article102 1987-12-29 3 AP MORE THAN 250,000 people moved to "new economic zones" in Vietnam this year, the official Vietnam news agency said on Sunday. The migration programme is designed to develop fallow land, thin out densely populated areas, and create jobs. The Vietnamese agency, monitored in Bangkok, said theAP - 102 words
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Article231 1987-12-29 3 AFP JAPAN'S defence budget for fiscal 1988 will be U5529.4 billion, exceeding one per cent of the gross national product for the second year running. Finance Ministry sources said yesterday. The ministry first fixed the budget at US$29.l billion in a draft bill announced onAFP - 231 words
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371 1987-12-29 3 Reuter SRI LANKA's ruling United National Party plans to create up to 100,000 jobs next year and tighten laws against dumping by Asian countries in a bid to win over the electorate ahead of parliamentary elections in 1989. Industries Minister DenzilReuter - 371 words
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Article, Illustration801 1987-12-29 3 Urgent need for changes Reuter CHINA'S leaders face tough decisions next year if they are to push through urgently needed economic changes in the face of widespread opposition. The blueprint is clear to overhaul an irrational price system, pass a bankruptcy law, curbReuter - 801 words
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331 1987-12-29 3 AP SOUTH KOREA'S trade surplus with the US between January and November reached a record US$B.43 billion, the Korea Foreign Trade Association reported yesterday. The preliminary 11-month tally compared with a US$6.B billion surplus tor the same period last year. TheAP - 331 words
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165 1987-12-29 3 AFP A PRIVATE Indonesian oil drilling contractor will become the first Indonesian drilling company to operate overseas when one of its offshore rigs leaves for Nigeria next month, a company spokesman said yesterday. The drilling barge and personnel of P T Daya Turangga wouldAFP - 165 words
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133 1987-12-29 3 AFP COPIES of a Chinese-language edition of the controversial bestseller "Spycatcher" are on sale in the southern Chinese city of Guangzhou, a newspaper reported in Hongkong yesterday. Orders for the book, called in Chinese "The Man Who Catches Spies", have topped 500 at oneAFP - 133 words
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435 1987-12-29 3 Reuter WARPLANES and missiles, chemical weapons and food all produced in Iran top Teheran's new budget unveiled on Sunday for its war-dominated economy. Prime Minister Mir Hossein Mousavi told Parliament in a budget speech that self-sufficien-cy was vital for Iran, now in itsReuter - 435 words
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Page 3 Advertisements
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Advertisement134 1987-12-29 3 Welcome <%*•« 8?~ m a Swiss Continental Restaurant w New Year's Eve Gala Dinner $75++ per person inclusive of novelties and champagne. Entertainment by the strollers. Diners at Chesa Restaurant may adjourn to the Poolside for dancing. Poolside New Year's Eve Mobile Disco Time: 8 pm to 2 am. $20+134 words
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Advertisement93 1987-12-29 3 w. UCHIDA JAPAN'S BEST SELLER! UCHIDA OFFERS F'NE QUALITY AT AFF ORDAEiI I PRICES I d 1:) JJ: JsllJsMiJ :fJ i. n 0 J M ModelS v—-Jf Model K fmmm E-90 E-115 E-170 OFFICE FURNITURE PI gEO J! l UCHIDA CHECKWRITER OFFICE DESK HOME/OFFtCE SAFE KEY CASE OFFICE CHAIR COMPUTER93 words
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Page 3 Miscellaneous
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Miscellaneous50 1987-12-29 3 (°C) 20/15 09/05 13/03 23/16 32/24 30/24 09-02 08-14 05-02 10/07 23/18 112/06 Nossou m r\—h.: ntw l/vwh New York Nicosia Oslo Parts Psrlh Rio 'Janeiro Rom* San Fris'co San Juan Santiago Soo Paulo Seoul Stockholm Sydney Taipoi Tsl Aviv Tokyo Toronto Vancouver Vlonna Warsaw Wrt-Klii itj i l ▼vasnmyTon50 words
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Miscellaneous90 1987-12-29 3 Doonesbury LORDSHIPS! OVER A CENTURY A6O, MM AH 6LADSTONE SHOUTED TV HS ARCHRIVAL, DISRAUI. "SIR! TO WHICH DISRAELI IS SAID TO HAVE ILr:': twii ajaji BTTHERON A GALLOWS OROF VENEREAL —-v/ I !i THINK THAT DEPENDS &TIREUON WHETHER I EMBRACE YOUR. PRJNCJPIE&OR I ft IOJRMIS-^^Sk ss Vsi rV/3 Vt v:90 words
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REST OF THE WORLD
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542 1987-12-29 4 Reuter SOME FLORIDA residents may soon be living in Chinesefinanced housing as a result of Beijing's recent moves towards economic liberalisation. The cash is coming from state-sponsored entrepreneurs who have been given an official mandate to invest in property markets abroad. The China State ConstructionReuter - 542 words
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488 1987-12-29 4 Reuter IN SPITE OF Kremlin leader Mikhail Gorbachev's policy of glasnost (openness), Pravda has warned some of the Soviet Union's 30,000 private clubs and groups to curb what it called their an-ti-state activities. The Communist Party daily said pn Sunday that someReuter - 488 words
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Article, Illustration459 1987-12-29 4 NYT THE NICARAGUAN REBELS last week launched what appeared to be the largest and most successful military operation of their war against the Sandinista government. But the long-term effect of the attack by the Contras, which involved civilian casualties, was difficult to determine. In Washington, theNYT - 459 words
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535 1987-12-29 4 NYT TEN WEEKS after the steep decline in stock prices on Oct 19, US credit market participants are still guessing about the likely effects on consumer spending, the economy and interest rates. While many economists estimate that the plunge inNYT - 535 words
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260 1987-12-29 4 AFP THE CHILEAN government said on Sunday it would tolerate no foreign interference after the US suspended duty-free concessions on some Chilean imports because of Chile's suppression of free trade unions. Secretary General of the Government Ministry Orlando Poblete charged that the USAFP - 260 words
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Article, Illustration460 1987-12-29 4 AP LACK OF ACCESS to birth control leads to millions of unwanted pregnancies and millions of abortions around the world every year, according to a private study group in the US. Overall, people in Britain seem to have easiest access toAP - 460 words
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183 1987-12-29 4 Reuter CYPRIOT INDUSTRY will be getting a shot in the arm from an accord to scrap trade tariffs with the European Community which takes effect on Jan 1. "I see the abolition of tariffs as a major incentive for industries to improve," AntonyReuter - 183 words
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Article993 1987-12-29 4 ARRIVALS Operator Sorvlc* Local From number time SiA SOU 0115 LAX/NKT CAL <3341 0155 TPE NCA KZ205 0240 NTT JAL JL617 0305 TYO FT FT75 0315 jfk/dfw/iah/ OBD/ANC/NBT/ MNL/TPE CAL 0333 0405 TPfc MAS MH681 0820 KUL SIA S0417 0820 DX8/KHI SV SV398 0835 JED/SUH MAS MH811993 words
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Page 4 Advertisements
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Advertisement252 1987-12-29 4 .hoohis.* LIMITED Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of the Company will be held at the Winter Room, South Wing, Bth Floor, Mandarin Hotel, 333 Orchard Road, Singapore 0923, on Tuesday, 19 January 1988, at 12 noon for the following purposes:252 words
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Advertisement6 1987-12-29 4 mam y SEASON'S GREETI fan- Jbnmtfmlrih—fl6 words
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COMMODITIES
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Article256 1987-12-29 5 Crude palm oil futuraa closed higher yasterday on the KLCE with pricaa for spot and nearby months crossing the Msl,loo per tonna level. Fabruary and March both rose Ms4o each to close at $1,110 per tonna. Turnover dwindlad to 453 lots from 1,730. Crude palm oil prices closed256 words
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Article199 1987-12-29 5 Chinese Produce Exchange Seders' noon dodng prl Icm on Dec 28 (SS/100 kg) Coconut oil hi FOft 104.00 OM drum FOB 114.00 New drum FOt 118.00 Copra Mixed (loo—) 58 teMert Pepper FOt NIW f -L 1210.00 jOiOWOi WIRIV FOt faq NLW 1195.00 Sarawak ipedal Made FOt NIW199 words
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145 1987-12-29 5 Reuter BANGLADESH, badly hit by floods and political unrest, now has 1.3 million tonnes of foodgrains in stock, Food Minister Sardar Amjad Hossain has said. "We are entering 1968 with sufficient food stocks to face any short-lived emergency despite a past year full of adverse conditions,"Reuter - 145 words
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Article44 1987-12-29 5 Dubai (Nb) W«t Tmsi US$/barra4 13.13 Otanga -0.02 WT1 (Fate) 16-55 -0.12 Products (FOB S'pore) US$/borr»l Otong* Karown* 22.75 law Sutphw Wo») iMtdlM, iswt 13.SJ -0.10 Haavy hat (3J% «**>») •c f Japan USi/Mnm 139.00 71.50 Ownga -4.00 Mndi Source: Petroleum Argus44 words
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654 1987-12-29 5 Bernama ES THE PALM OIL Research Institute of Malaysia (Porim) has challenged an American consumer group to defend its allegations that the industry is distorting the truth about palm oil. Dr K G Berger, who heads the Porim liaison office inBernama ES - 654 words
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235 1987-12-29 5 Reuter ANCIENT gold workings deep in the mountains of Saudi Arabia are echoing to the footsteps of geologists intent on making one of the most detailed assessments of the mines since they were discovered 3.000 years ago. Deposits at Mahd AdhDhahab, 275 km north-east ofReuter - 235 words
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Article193 1987-12-29 5 Reuter SINGAPORE The market closed higher yesterday with January 1 RSS buyers quoted at 221.00 cents/kilo, up two cents from last Wednesday's close, dealers said. Dealers said no Inro activity was reported. MALAYSIA Prices closed slightly higher in dull and featureless conditions yesterday as operators were not keen toReuter - 193 words
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Article238 1987-12-29 5 R AS priCQS In S cwih/kg, FOB In balw 1 NOON CLOSE twytn Sollors ftoyors 5 K #fl bit 1 RSS Prompt 221.00 222.00N 221.50 222.50N Int 1 RSS Jon 88 221.00 221.50 221.00 222.00 fait 1 RSS Fob 88 216.00 216-50 216.25 216.75 fait 2 RSS238 words
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Article83 1987-12-29 5 poUan) JANUARY 88 FEBRUARY 88 (currant monlti) (forward month) NOON NOON RAS lvy«fi *i«ll<i i lvy«rs S*H*r> SSt 30 223.00 225.00N 223.00 225.00 SSt so 221 JO 223JON 221 JO 223JON MRELB Suy*n S*M*ri tvycn S«M*n SMt CV 276.50 278.50N 277JO 27V JON SMC I 276-50 278.50N83 words
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Article286 1987-12-29 5 HONGKONG: Dealers said gold met considerable resistance at the US$49O per ounce level, adding that the selling also reflected the late recovery of the US dollar. The metal ended at U*****.75/488.75 an ounce against New York's 486.00/50 close and the 483.75/484.75 finish here on Thursday. The market was286 words
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Article, Illustration345 1987-12-29 5 AP SUGAR INDUSTRY representatives of Caribbean countries and the Philippines have welcomed new legislation to increase temporarily US sugar import quotas. The countries were dismayed earlier this month by a 25 per cent cut in the import quota (or next year toAP - 345 words
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Article80 1987-12-29 5 KL Tin Reuter THE Kuala Lumpur Tin Market price yesterday closed unchanged from Thursday at M 517.02 per kg. Buying Interest was strong, supported by higher sterling against the Malaysian dollar, dealers said. Turnover rose to II tonnes from 74 last Thursday with Europe, Japan and localReuter - 80 words
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259 1987-12-29 5 AP PHILIPPINE coconut exports for this year would reach 1.921 million tonnes, down 12.9 per cent in volume but up 19.2 per cent in value from the previous year's figures, the United Coconut Association of the Philippines said. The association said on SaturdayAP - 259 words
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112 1987-12-29 5 Reuter TAIWAN HAS TAKEN delivery of its first shipment of US oil under an' agreement aimed at reducing its trade surplus with Washington. A state-owned Chinese Petroleum Corporation spokesman said on Monday the shipment of 400,000, barrels of Alaskan crude arrived last month. TaiwanReuter - 112 words
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Page 5 Advertisements
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Advertisement13 1987-12-29 5 paco rabanne pour homme fe 4 ~y ■m.i i.:« ■P r; rSl#lt :liK13 words
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MONEY AND EXCHANGES
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716 1987-12-29 6 Reuter JAPAN'S one-month-old yen commercial paper (CP) market is having teething problems and is drawing unwelcome attention from the Bank ot Japan, managers at Tokyo banks and securities firms said. Issues outstanding have risen quickly to 1,400 billion yen since the market began on NovReuter - 716 words
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Article1146 1987-12-29 6 SINGAPORE: The US dollar closed easier against the yen and Singapore dollar yesterday but was little changed against the mark, after thin trading. The dollar ended weaker at 123.60/80 yen compared with its 124.40/90 close in Bahrain overnight, but above the historic low of 123.30 yen established in1,146 words
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Article, Illustration189 1987-12-29 6 Indicate* the average of the prim* tending rates of 12 major banks in S'pore Interbank market rates (offer/bid) on Dec 24 us$ DM SWFC Y«n 7 do n 11 10 7/8 8 3/8 1/4 4 7/8 3/4 5 3/4 1/4 3 1/ 5 1 mth 8 3/16—189 words
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Article52 1987-12-29 6 THE OVERNIGHT rate on the Singapore interbank market closed at 3 per cent yesterday. The one-, twoand three-month rates were unchanged. S$ Interbank rates at 7pm yesterday: OfFf* (l0 Ov#f3 2 7/8 1 -momtt 3 1/8 3 2-momti 3 3/16 3 1/16 3-momfc 3 |/4 3 1/0 Overnight52 words
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Article515 1987-12-29 6 March Eurodollar gapped sharply lower yesterday at 92.28 during Simex's opening on weaker cash bond market due to the US dollar touching a new post-war record low in thin trading. After easing to 92.25, March Eurodollar recovered to the high of 92.35 on short-covering. The March contract managed to515 words
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Article224 1987-12-29 6 Reuter ASIAN DOLLAR deposit rates closed steady yesterday at opening levels in dull and featureless trading Dealers said most operators were awaiting tomorrow's release of US November leading indicators and single family home sales data Reuter Interbank deposit rates uss OffEB >10 7 doys 10 7/16 10Reuter - 224 words
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Article83 1987-12-29 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months 6 months 1 year BQ*****W BS*****S BY*****T 24.3.88 21.4.88 24.11.88 3.00 2.92 2.42 2.95 2.87 2.37 2.80 2.80 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate 1%)83 words
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Article1597 1987-12-29 6 CURRENCY FUTURES OPTIONS Monday, Dacambar 28, 1987 DEUTSCHEMARK (SIMEX) Jan M caNa Jan M puis M 57 58 59 60 61 62 63 64 65 66 67 64 5934 4924 3924 3524 2534 1634 441 404 164 34 1 iiLrifi 62 27 Pa» 44 caNa i M 597 4971,597 words
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Article136 1987-12-29 6 Gold futures on Doc 24 100 troy ounces. USS per troy ounce Open Mtgh Low Mk OK 484 00 486.00 ***** 486 10 3.20 Jon 88 4*6.30 3.10 Fob 487 30 490.10 487 00 489.60 3. tO 493.00 496.10 493.00 495.60 3.20 Jwi 49*50 501.00 49*.50 501.40136 words
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BANKING AND FINANCE
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Article492 1987-12-29 7 Reuter THE DOLLAR may slide to as low as 110 yen next year on continued pessimism about Washington's failure to cut its budget and trade deficits, many dealers have said. Market belief that the US did not have a strong desire to steady itsReuter - 492 words
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149 1987-12-29 7 Reuter THE Bank of Japan has sent a checklist to commercial banks to help them gauge the increased risks resulting from the liberalisation of Japan's financial and capital markets, central bank officials have said. The bank spent a year compiling the 212-point list,Reuter - 149 words
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Article78 1987-12-29 7 Reuter THE JAPANESE Finance Ministry has given its official approval to convertible bond issues by city banks, according to officials at the banks. The ministry issued a notification last April 3 to commercial and mutual banks theoretically allowing them to issue such bonds, a ministry official hasReuter - 78 words
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Article, Illustration775 1987-12-29 7 NYT BY UNANIMOUSLY agreeing last week that the dollar had fallen far enough, the Group of Seven industrial nations seemingly laid to rest the major uncertainty of the currency markets. But that rare show of unity conceals the great differences of opinion that stillNYT - 775 words
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841 1987-12-29 7 NYT AMERICAN BANKS and property-and-casualty insurers, their earnings already weak, are furious over a new accounting rule that is likely to depress their earnings further. The rule, expected to be announced this week by the Financial Accounting Standards Board, the profession's chief rule-making body,NYT - 841 words
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269 1987-12-29 7 AP PACED BY its growing current account surplus. South Korea's foreign exchange holdings are expected to hit an all-time high of US$lO billion by the end of this year Officials at the Bank of Korea said South Korea's forex reserves stoodAP - 269 words
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770 1987-12-29 7 NYT THE UNITED STATES federal agency that insures almost US$2 trillion in deposits at US commercial banks could record the first loss in its 54-year history, its chairman says. Mr L William Seidman said in an interview last week that the costNYT - 770 words
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Article102 1987-12-29 7 AFP THE Bank of China will open an office in Panama City next year and will handle 80 per cent of all business transactions between Panama and China, Panama's National Banking Commission has said. The move is seen as a bid to strengthen relations betweenAFP - 102 words
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Page 7 Advertisements
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Advertisement76 1987-12-29 7 MOSCOW NAROONY BANK LIMITED Singapore Branch MNB 1.11 U5530,000,000 NEGOTIABLE FLOATING RATE US DOLLAR CERTIFICATES OF DEPOSIT DUE DECEMBER 30,1991 In accordance with the provisions of the certificates, notice is hereby given that for the interest for the period from December 29, 1987 to June 29, 1988, the certificates will76 words
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Advertisement47 1987-12-29 7 FOR THE CARD WITH THE LONGEST INTEREST-FREE REPAYMENT PERIOD OF 25 DAYS, CALL 532 3577 CHASE CLASSIC VISA PULL AHEAD OF THE COMPETITION! BT Keeps you ahead of your competitors with the latest corporate developments BUSINESS TIMES mmm f»«v t-r. "I Swr- as* V r. rj.» -t-47 words
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PERSPECTIVE
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Article498 1987-12-29 8 SOME YEARS AGO, actress-director Vanessa Redgrave shot a documentary film called Occupied Palestine. It concerned the plight of the Palestinians. That moving documentary is now being brutally re-enacted in real life in the Gaza Strip and the West Bank. Singapore has condemned the ruthless Israeli handling498 words
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Article, Illustration3330 1987-12-29 8 KOH TSE YING - Paying for tomorrow's holidays at today's prices is one of the arguments in favour of time-share. But while time share has its advantages, it also has its problems. KOH TSE YING examines a still new concept to Singaporeans. KOH TSE YING QUESTION: What doubles as both3,330 words
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Page 8 Advertisements
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Advertisement46 1987-12-29 8 Clubs—teeing off and talking turkey Personal Finance: whafsyour price tag? Profile on NS's Ronald Ho Will the Crash dim tourism's bright lights? Homes: An area of legal dispute Investment spotlight: KFC (S) and Genting Bhd JANUARY 1988 NOW AT NEWSSTANDS BT shows you how every Monday.46 words
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FOCUS
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Article, Illustration1314 1987-12-29 9 THOMAS FRIEDMAN - The recent disturbances in Israeli-occu-pied territories have left at least 24 Palestinians dead. However, Israelis and Palestinians alike do not seem to view the riots as a symptom of a greater political issue. Rather, they are handled as a matter of public relations, reportsNYT - 1,314 words
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Page 9 Miscellaneous
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Miscellaneous751 1987-12-29 9 mwmm mmmm 7 28 CRYPTIC PUZZLE ACROSS 3 Compete chivalrously. only about love (5) 8 Warm-hearted "Gus of legendary watchfulness (5) 10 A greeting from Rachel Lonsdale (5) 11 What every tea blender must do (3) 12 Not exactly bacon, but possibly beef (5) 13 Punish casually, yet quickly (7)751 words
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Miscellaneous1182 1987-12-29 9 w m mm B 12 PM SBC Text Sompie Pogtv Opening and Programme Highlights followed by Carol Burnett And Friends. This week's guests ore Dick Van Dyke and Tony Randall Dabbowallahs (See highlights). Only Fools And Horses Christmas Special Cosmopolitan Theatre Porterhouse Blue (Last episode). World Masters Doubles Championship '871,182 words
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SPORTS & LEISURE
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Article, Illustration273 1987-12-29 10 Reuter AUSTRALIA s Maxi Yacht Sovereign was well set to win the rare double of line and handicap honours in the Sydney to Hobart yacht race yesterday. But the world s biggest Maxi at 83 feet lost her chance to break the 12-year-old race record ofReuter - 273 words
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246 1987-12-29 10 UPI HIGH BRITE scored his first victory in the West on Sunday, posting a 2-1/4-length triumph in the U*****,500 Palos Verdes handicap at Santa Anita. Taken to the lead shortly after the start by jockey Gary Stevens, High Brite fought off Hilco ScamperUPI - 246 words
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187 1987-12-29 10 AP EUROPEAN CHAMPIONS' Cup holder Porto widened its lead at the top of the Portuguese First Division to four points on Sunday with a 2-0 victory over midplaced Penafiel as its closest rival. Benfica, was held to a scoreless draw at home. Unbeaten Porto,AP - 187 words
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Article, Illustration299 1987-12-29 11 AFP SECURITY PROBLEMS that would have prevented The Ashes, cricket's most famous trophy, leaving England for the first time in 60 years may have been solved by Prince Charles. Diplomatic sources say the prince has agreed to escort The Ashes to Australia inAFP - 299 words
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Article, Illustration1057 1987-12-29 11 HARISH MEHTA - Geet Sethi master of the big breaks World billiards champion continues to set the pace By HARISH MEHTA GEET SETHI, the reigning world billiards champion, is highly elusive forever shuttling between Belfast, Bangkok and Bombay. In the past year, I have only managed to see him twice. On one occasion,1,057 words
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Article, Illustration203 1987-12-29 11 UPI WALTER PAYTON gained 82 yards in his final NFL regularseason game and Kevin Butler snapped a tie with a 30-yard field goal with 4:56 remaining on Sunday, helping the Chicago Bears defeat the Los Angeles Raiders 6-3 in Los Angeles. Chicago, whoUPI - 203 words
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Article90 1987-12-29 11 AP A 25-YEAR-OLD AMERICAN was fatally injured on Sunday when the go-kart he was racing in crashed during practice for WKA's Enduro World Championships at Daytona International Speedway in Florida. James Kolman went off the course as he entered the infield portion of the 5.7-km roadAP - 90 words
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Article, Illustration552 1987-12-29 11 UPI HEISMAN TROPHY winners have a recent history of finishing their college careers in less-than-distinguished fashion and Notre Dame receiver Tim Brown hopes to change that on Friday in the Cotton Bowl. Brown will be playing in front of his hometown friends and familyUPI - 552 words
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Page 10 Advertisements
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Advertisement803 1987-12-29 10 •Mmm v v: 'M m w m r: r,I !3 m «s 99i PLEASINGLY HYATT Discover the world of sensational Singaporean dishes in a buffet. Taste Chinese, Malay, Indian and Nonya specialities in one meal. At Plum's, daily for lunch and Friday and Saturday for dinner. Price: $20*. A fabulous803 words
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Advertisement348 1987-12-29 10 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* per table. Complimentary bottle of Hennessy XO. MENU II includes braised shark's fin with chicken sauce, braised abalone with green vegetables and sweet sour garoupa.348 words
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Page 11 Advertisements
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Advertisement619 1987-12-29 11 o a Is ir. \J I I NEW YEAR'S EVE SPECIAL 6-COURSE DINNER At $70+ per person with live music, dancing and novelties. Reservations: 338 8585 ext 16 155 or 330 8310. The Westin Stamford Rallies City Westin hotels Resorts THE PEOPLE AND PL AC ES OF WESTIN f. New619 words
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Page 11 Miscellaneous
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Miscellaneous56 1987-12-29 11 Play golf the Sevvy way Downswing, left knee 1} Peter Omtsu u< Percy ItaSKtn it STRAIGHT SOME PLAVERS HAVf THE LEFT IE& STRAIGHT AT IMPACT, BUT THAT IS NOT V MV WAY... J f HAVt THE LEFT KNEE STILL FLEXED WHILE MV HIPS KEEP TURNING AWAY FROM THE \TAR6ET LINE...56 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4208 1987-12-29 12 INVESTORS, concerned over the weak Tokyo market and softer US dollar, took profits and sent stock prices lower for the first time after eight trading sessions. The Straits Times Industrial Index dropped 8.78 points to 824.37 while the BT Composite Index shed 7.90 points4,208 words
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Article4188 1987-12-29 12 SECTION ONE MOUSTRIAL COMMERCIAL Aono HUB 1.17 Si (51 I 19 1451 120 00 1.21 01 1.17 lIS I 18 Aicen 026 Bl (9 026 Amol S*m4 50* (1.26 Bl Q6I I 25 191 123 16) 124 (2 122 1121 121 161 1.27 0 1264,188 words
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Article253 1987-12-29 12 SINGAPORE Rises C K Ton, XX Ow> M 240 Mb* Cm* 242 Id Corpn 50* 121 Tank C»ai— lit C 4 C 201 H Ucn, *i 260 Falls Poroaww* 10S Atom 2* 'AN 760 Ma«ra Mdvt 510 Carafe** 50* 430 Wicapa 332 SIA *00 D» S tfO253 words
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Article241 1987-12-29 12 Mor»og«fY pric** (S) jopo. G* Fund I V 142 for D*C 29 S»»n»on Tkrrfi Fund 0 78 078 Singapore Unit Trust Management IMund 078 078 089 OK 100 102 Tt* So«ngt Fund 077 082 Spof. PfOQ Fund 015 03» MAR A-Bomipvtra Vpor* S«c Fund 040 OAS s por*241 words
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COMPANY NEWS
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Article, Illustration535 1987-12-29 13 msm mm™ HOCK LOCK SIEW A- STATEMENT from Malaya Tin Printing last Tuesday steimed innocuous enough. "Mr Edward Goh Kim Hai has ceased to be the chief executive officer of MTP and the g«*jp'. The truth of the matter is thpt Mr GohHOCK LOCK SIEW - 535 words
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Article152 1987-12-29 13 THE UNITED OVERSEAS BANK group has done a bit of preChristmas shopping in the stock market. The shopping bill came to about $772,900 and the items included 173,000 shares in United Overseas Land Ltd which cost $230,850; 23,000 shares in United International Securities Ltd costing152 words
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99 1987-12-29 13 Bernama ES SERI ANGKASA Sdn Bhd yesterday served a takeover notice to acquire the entire issued and paid-up capital of Kamunting Tin Dredging (M) Bhd other than those it already owns after Kamunting's acquisition of its Kepong toll rights, title and interest under a contractBernama ES - 99 words
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Article358 1987-12-29 13 Bernama ES MOEHAMAD IZAT EMIR has tendered his resignation as deputy chairman and executive director of Promet Bhd amidst intense efforts by the Marine Engineering Group to hit the comeback trail after a year of living under the threat of receivership. He told Bernama EconomicBernama ES - 358 words
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Article, Illustration1077 1987-12-29 13 M G G PILLAI - Koon Swan a short-lived reprieve from prison From M G G PILLAI TAN KOON SWAN, the 47-year-old Malaysian businessman and former politician, has found that life is not going to be easy in the coming months and years. Within minutes of his release from Singapore's Changi prison on Saturday after1,077 words
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338 1987-12-29 13 MALAYAN CREDIT LTD, still the subject of intense takeover speculation, has posted a slight rise in pre-tax profit to $1.21 million at half-time, with directors "cautiously optimistic'' that forecasts for the year can be achieved. The pre-tax figure was 7 per cent338 words
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Article, Illustration503 1987-12-29 13 ELAINE KOH - SES circular explains new structure By ELAINE KOH THE STOCK EXCHANGE of Singapore is starting its longawaited new commission structure next Monday after several failed attempts at coordinating a simultaneous launch with its Kuala Lumpur counterparts. In a circular to members yesterday, the SES503 words
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Article, Illustration426 1987-12-29 13 TWO OF Khoo Teck Puat's hotel companies flagship Goodwood Park Hotel Ltd and subsidiary Hotel Malaysia Ltd have ended their latest financial year with dismal results. For the year ended Sep 30, Goodwood Park which owns a hotel of the same name426 words
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249 1987-12-29 13 MBT SINGAPORE-BASED Johan Investment Re Ltd is raising Ss2s million from the capital market to refinance its existing facilities and for working capital purposes. Johan Investment, whose main subsidiary is Diners Club (S), is expected to sign an agreement todayMBT - 249 words
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518 1987-12-29 13 FOOD GROUP QAF Ltd, already $4.32 million in the red at half time, is a long way from its forecast of a profit of $5.8 million contained in its rights issue prospectus dated Sep 28. In its interim statement released yesterday, directors say518 words
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Page 13 Advertisements
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Advertisement154 1987-12-29 13 APPOINTMENTS INVESTMENT ANALYSTS (MS/12/257) Large Financial Institution Salary Negotiable OUR CLIENT is a long-established major financial institution with substantial investments in local and overseas securities. It wishes to appoint Investment Analysts to join its team of investment professionals in the Investment Department. THE INVESTMENT ANALYSTS will assist the Investment Manager154 words
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REGIONAL MARKETS
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348 1987-12-29 14 Reuter NEW ZEALAND, described by some traders as the last frontier of insider trading, is likely to outlaw the practice in 1968 in a move it is hoped will restore confidence to the flagging share market. Justice Minister Geoffrey Palmer yesterday saidReuter - 348 words
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434 1987-12-29 14 Reuter MANY JAPANESE financial inatitutions and corporations could face large losses on their investments in special money trusts (tokkin) and fund trusts in 1987/88 following the sharp downturn in Japanese stock prices in the past few months, trust bankers and fund managers said.Reuter - 434 words
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3703 1987-12-29 14 SELLERS made a return to the Kuala Lumpur stock market yesterday and share prices were driven lower across the board. Singapore stocks, which led the run-up last week, bore the brunt of the selling. The weak sentiment affected local stocks especially the blue chips3,703 words
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Article, Illustration790 1987-12-29 14 Retired chairman led exchange through significant developments FT THE RETIREMENT early this month of Mr Ronald Li as chairman of Hongkong's stock exchange marks the end of an era in more ways than one. He would have hoped to enter theFT - 790 words
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Article559 1987-12-29 14 Reuter CURRENCY INSTABILITY and global economic insecurity spurred broad selling in early trade yesterday but share prices in Tokyo rebounded in a spree of bargain-hunting. A declining dollar and an uncertain setting for the stock market next year prompted the morning selling, brokers said. New accounting methods which requireReuter - 559 words
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Article152 1987-12-29 14 DEC X BAKT Ao Kham Thai Ayudhya Invaatman t 264 -4 Bangkok Agro-tnd Bangkok Bank Bank 01 Ayudhya 76 29* -2 5 •4 -2 Charoong Thai Win A Cabta Data mat Dhana Siam Fin Aaia Fibra Duartani Eaat Aatahc Foramoat Fnaatand 72 420 275 -65 56 -6 industrial Financa152 words
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Article1380 1987-12-29 14 Hongkong Reuter SHARE PRICES in Hongkong cloeed sharply lower yesterday on leek of buying interest prompted by currency instability and economic uncertainty, brokers seid. Upset by another postwar low in the US dollar and an extremely weak Tokyo stock market opening in the morning, the Hang SengReuter - 1,380 words
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Article87 1987-12-29 14 occ i *»o* d Acot* Mining *->gio PM Apax Mining B Atlas Con B Baguio GoM 0 0878 a -0 0028 ♦IS Bmic Patroiaum Banguat Con B First Phil HkJgs Lapanto B 0017 90 •0 061 140 oneft -20 0 2 -0 02 unct< iii>r»w»i Ori«nUI B OH une*t87 words
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Page 14 Advertisements
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Advertisement16 1987-12-29 14 The "who's who" of shopping In your very own neighbourhood. Every Friday in The Straits Times16 words
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INTERNATIONAL COMPANY NEWS
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560 1987-12-29 15 Reuter PRIME Computer Inc, a leading minicomputer manufacturer, has made an unsolicited offer to buy Computervision Corp CVN for about US$39O million in cash. Prime, based in Natick, Massachusetts, said it offered U5513.50 a share for Computervision's 29 million outstanding Shares. ComputervisionReuter - 560 words
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Article, Illustration976 1987-12-29 15 IHT CARLZON, president of Scandinavian Airlines System, returned to Stockholm last week from London after losing out to British Airways PLC in a bid for •a stake in the other major British [airline, British Caledonian Group »PiC. Amid moves to deregulate "European air travel,IHT - 976 words
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Article, Illustration644 1987-12-29 15 FT ALAN BOND, the flamboyant Australian businessman, is to launch a new international gold mining giant on the world s stock markets next year. Its acronym, perhaps appropriately, will be BIG for Bond International Gold. The flotation will be the climax to aFT - 644 words
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244 1987-12-29 15 AP THE MOST profitable company in the United States is Reebok International, the athletic apparel maker best known for its trendy leather sneakers, according to Forbes magazine's annual ranking. The Massachusetts corporation was the leader among 880 profitable companies in terms of howAP - 244 words
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Article97 1987-12-29 15 Reuter SPAIN'S largest chemicals company. Union Explosivos Rio Tinto SA, said it (orecast a 1967 net profit of 2.2 billion pesetas, down from a net profit of 2.93 billion pesetas in 1986. A spokesman for Union Explosivos said that lower crude oil and fertiliser prices hadReuter - 97 words
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684 1987-12-29 15 NYT THE SECURITIES and Exchange Commission (SEC) is reviewing a proposal from the American Stock Exchange that would make it easier for sophisticated investors in the US to trade securities issued by foreign corporations that do not register with the commission.NYT - 684 words
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Article121 1987-12-29 15 HONGKONG All Industrials Hongkong Index Monday Thursday closed 1982 9 Mondoy 1495.46 Week ogo ***** Thursday 1556 96 Week ago 488 78 NEW YORK Hang Seng Index Dow Jones Monday 2286 75 Thursday 1999 67. Thursday 2379 07 Wednesday 2005 64 Wee* ago 2278 13 Week ogo 1924121 words
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Page 15 Advertisements
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Advertisement11 1987-12-29 15 Ffl in someone overseas about Singapore: Advertise in it Call 730-5669/5728.11 words
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Advertisement267 1987-12-29 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INTERSECURE PTE LTD (Incorporated in Singapore) (In members' voluntary winding-up) At an extraordinary general meeting of INTERSECURE PTE LIMITED duly convened and held at 116 Middle Road #06-01 ICB Enterprise House Singapore 0718 on Thursday, 24267 words
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Advertisement461 1987-12-29 15 NOTICES THE COMPANIES ACT, CAP. 90 PRIDE DISTRIBUTORS PTE. LTD. (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of Pride Distributors Pte. Ltd. duly convened and held at 101, Upper Cross Street #04-43, People's Park Centre, Singapore, 0105 on the 23rd day of December 1967, the following461 words
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Advertisement498 1987-12-29 15 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 LAE WOH COMPANY (PRIVATE) LIMITED (Incorporated In Singapore) SPECIAL RESOLUTION At an Extraordinary General Meeting of the member* of the abovenamed company, duly convened and held at 4 Battery Road 12-00 Bank of China Building, Singapore 0104 on 22nd December 1987498 words
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Advertisement681 1987-12-29 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND SININDO CONSULTANTS PRIVATE LIMITED (Incorporated In Singapore) At an Extraordinary General Meeting of members of SMMDO CONSULTANTS PRIVATE UMTTEO duly convened and held at 190 Middle Road. *10-03 Fortune Centre. Singapore 0718 on the 28th Dec 1967 at 2.30pm. the681 words
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LATE FILE
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Article52 1987-12-29 16 Reuter MAO ZEDONG'S widow, Jiang Qing, is still in prison, a Justice Ministry spokesman said yesterday, denying foreign reports she had been freed and was living in a Beijing villa. The spokesman said the other three members of the Gang of Four were also stillReuter - 52 words
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Article56 1987-12-29 16 AFP VIETNAM is losing its chronic struggle to feed its people, with the amount of food available per person dropping almost 8 per cent since 1985. The official Vietnam news agency said this was reported to the National Assembly. The report was incompletely monitored in BangkokAFP - 56 words
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Article58 1987-12-29 16 AFP JAPAN'S Meiji Mutual Life Insurance Co and Mitsubishi Bank said yesterday they would extend a 3.32 billion yen (U5526.56 million) loan to the Bank of China. The seven-year maturity loan will carry a 5.7 per cent fixed interest rate and will beAFP - 58 words
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Article43 1987-12-29 16 Bernama ES BANK NEGARA's gold and foreign reserves fell to M 518,208.17 million as at Nov 30 from M 518,290.41 million a fortnight earlier. The central bank's total assets, however, increased to M 523,188.45 million from M 523,070.87 million.Bernama ES - 43 words
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Article44 1987-12-29 16 Reuter THE RESERVE BANK of India tightened credit by raising banks' statutory liquidity ratio 0.5 percentage points to 38 per cent effective Jan 2, bankers said. The move was aimed at containing sharp price rises following a severe drought. ReuterReuter - 44 words
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Article69 1987-12-29 16 Reuter GOLD FUTURES yesterday opened higher and continued to rise in early dealings, supported by continued weakness in the dollar. February gold rose US$4.lO at U*****.70 an ounce, after trading between U*****.80 and U*****.70. Volume was average. Comex silver futures traded higher in early dealings, supportedReuter - 69 words
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Article, Illustration657 1987-12-29 16 LISA LEE - By LISA LEE IN WHAT COULD BE considered a major coup in the retail industry, C K Tang Ltd has ousted Metro Holdings from prime space at the Scotts shopping complex and will open its new second store there next June.657 words
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261 1987-12-29 16 Reuter THAILAND told the Soviet Union yesterday that its communist ally, Vietnam, must withdraw from Cambodia and take part in talks aimed at ending the nine-year-old war there. A Thai Foreign Ministry spokesman said that Foreign Minister Siddhi Savetsila spelt outReuter - 261 words
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287 1987-12-29 16 AFP INDIA yesterday accused Sri Lankan police of going on a killing rampage against civilians in the east of the country to avenge a rebel ambush, but Sri Lankan officials in Colombo said Indian troops were not totally blameless. Police reinforcementsAFP - 287 words
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183 1987-12-29 16 AP CHINA and the Soviet Union signed yesterday a trade protocol calling for increased economic activity between the two countries in 1988 The official Xinhua news agency, reporting on the agreement, did not give any figures, but said total bilateral trade would increaseAP - 183 words
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276 1987-12-29 16 AP A THAI Foreign Ministry spokesman said yesterday Thailand had requested talks with Laos to settle an armed border conflict. But he insisted that the disputed area belonged to Thailand. At a news conference, spokesman Saroj Chavanaviraj said French. Soviet andAP - 276 words
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182 1987-12-29 16 AFP KIM YOUNG-SAM has offered to resign as leader of South Korea's largest opposition party if he fails to win a vote of confidence next week, a party spokesman said yesterday. An extraordinary convention of Mr Kim's Reunification Democratic Party (RDP) will beAFP - 182 words
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Article68 1987-12-29 16 AP THE SEOUL government announced yesterday the appointment of General Choi Sae-chang, 53. as chairman of the joint chiefs of staff Choi, a four-star general, was a field army commander immediately prior to his new assignment and was known to have taken part as a brigadeAP - 68 words
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Article454 1987-12-29 16 PRIME MINISTER Lee Kuan Yew yesterday defended Singapore's restriction action against the Far Eastern Economic Review, saying that the punishment fit the Hongkong-published weekly's crime of continuing to print false, damaging and defamatory falsehoods about his conduct and that of his government. In a live454 words
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Article, Illustration452 1987-12-29 16 TONG SUIT CHEE - By TONG SUIT CHEE THE SINGAPORE Tourist Promotion Board is spending $260,000 in a campaign to encourage Singaporeans and tourists to shop at stores with the red Merlion label which symbolises "good retailers". This campaign appears to be in response to complaints452 words
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102 1987-12-29 16 AP THE Philippine commission on elections postponed next month s regional elections in two southern provinces yesterday after the military warned of possible violence during the balloting. Meanwhile, gunmen shot dead a candidate running on President Corazon Aquino's administration ticket in the latest incidentAP - 102 words
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Page 16 Advertisements
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Advertisement171 1987-12-29 16 SUCCESSFUL EXECUTIVES Are you looking for a change of career? A job that would bring you into contact with the best and brightest in Singapore, and put you at the very heart of business and economy? Then consider a switch to the fast-moving and stimulating world of business journalism. Put171 words
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Advertisement153 1987-12-29 16 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 and more breezy Weekend Edition which will also continue to provide our regular153 words
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SHIPPING TIMES
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91 1987-12-29 17 Reuter BANGLADESH will spend nearly US$6 million on dredging a river to facilitate movement of ships from the Bay of Bengal to Chittagong port, the official BSS news agency said. The dredging, intended to allow ships up to 17,000 tonnes up Karnaphuli river,Reuter - 91 words
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364 1987-12-29 17 JUNE LIM - By JUNE LIM GEARBULK has decided to suspend its South-east Asian/US service next month after it failed to receive shipper and buyer agreement to a proposed rate increase. An official of Gearbulk in Singapore says it will resume the service when shippers accept364 words
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220 1987-12-29 17 A FINANCIAL restructuring plan is being put in place by the Aquino government to rescue the ailing Philippine Shipyard Engineering Corp. Seatrade Week said under this plan, the government will assume all outstanding debts of the company and convert these into equity in the220 words
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PORT SIDES
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Article75 1987-12-29 17 LYKES Bros Steamship has appointed Alberto Mejia as manager, cost and analysis for its conventional services. His responsibilities include the analysis of all voyage related costs and revenues to determine the profitability of all voyages for Lykes conventional services including the US Gulf to Africa, the75 words
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Article157 1987-12-29 17 AP FIFTEEN bodies have been recovered so far in the aftermath of a ferry capsize in which as many as 40 people may have died, Nigerian government-owned radio reported. The local radio in Port Harcourt, in rivers state in southeastern Nigeria, broadcast appeals for relativesAP - 157 words
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128 1987-12-29 17 Reuter TANKERS sailing to Kuwait or Saudi Arabia are now using sandbags to shield crews from attack in the Gulf war zone, shipping sources said on Sunday. "If you place sandbags around the bridge, the people inside won't be hurt by shrapnel this is theReuter - 128 words
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Article87 1987-12-29 17 Reuter A CARGO SHIP came under heavy fire after being intercepted by Israeli gunboats off the southern Lebanese coast, shipping sources said. They said an Israeli Navy patrol intercepted the 488-ton Inge Webb early on Saturday as it headed from Beirut to either the portReuter - 87 words
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812 1987-12-29 18 AP STACKED in huge steel containers seven levels high below deck and five high above, America s goods go to market in Asia on a "floating skyscraper" from one of the world s busiest ports. The ships leaving the port of OaklandAP - 812 words
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277 1987-12-29 18 MACGREGOR NAVIRE has entered into an agreement with a Moscow-based organisation, Sovbunker, to establish a servicing facility at Llichevsk near Odessa on the Black Sea. Sovbunker is responsible for the provision of spare parts for all277 words
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Article770 1987-12-29 18 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III770 words
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821 1987-12-29 18 Fairplay THE RECENT report by the United States Commission on Merchant Marine and Defence, has been hailed by many in that country as a clear call for decisive action before the strength of the country s maritime industries is further reduced. The CommissionFairplay - 821 words
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Article409 1987-12-29 18 Jan 14-15 The sixth international High Speed Surface Craft Conference will be held at the Heathrow Penta Hotel, London. The conference will discuss the latest research, development and operation of all types of fast ferries. crewboats and other service vessels Jan 19 The Trinity House. Nautical Institute (Dover409 words
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448 1987-12-29 19 Lloyd s List THE FRENCH shipyard AlsthomI Atlantique has won a further prestigious cruise vessel order worth US$l5O million from Gotaas-Lar-sen The 44.000 tons gross ship, with a capacity to carry 1.600 passengers. was ordered through Go-taas-Larsen subsidiary Admiral Holdings Inc and isLloyd s List - 448 words
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169 1987-12-29 19 Fairplay THE INDIAN government has approved a plan to construct a modern, international transit container terminal at the west coast port of Cochin. The new terminal is to be built on a reclaimed 162-hectare site at Vallarpadam. The chairman of the Cochin PortFairplay - 169 words
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170 1987-12-29 19 AP THE HERALD of Free Enterprise. the British ferry involved in a disaster in the English Channel in March, was reported adrift on Sunday after breaking loose from a tugboat hauling it to a scrapyard in Taiwan. The South African Broadcasting Corp saidAP - 170 words
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571 1987-12-29 19 Reuter THE PHILIPPINE Coast Guard and Congress began separate inquiries yesterday into last week s sea collision in which more than 1,600 people are feared dead. More than 100 relatives of the victims and dozens of journalists packedReuter - 571 words
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Article73 1987-12-29 19 NEW CHARTS are now available for the changed traffic separation scheme in the Gulf of Suez, due to come into effect from Jan 1. The new scheme is part of an International Maritime Organisation-endorsed programme to improve safety in the water leading to the Suez73 words
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Article165 1987-12-29 19 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf. Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd165 words
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8200 1987-12-29 24 3®aBG)(IEB A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of8,200 words
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Article1503 1987-12-29 25 AT CONVENTIONAL WHARVES < I Berth Arrival Departure KEPPEL WHARVES Berlin Hdd *28 olongnde 30 12 1830 Equotor IN *23 oiongside 29I2 23S9 Equotor V *22 oiongside 2912 0600 *19 alongside 3012 1200 Koto tot'* *32 o'ongvde 29 12 0600 Ko»o Sego' *31 o icmgs.de 29 121,503 words
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Page 17 Advertisements
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Advertisement873 1987-12-29 17 TIMES STP Distributors s,^ Be I'Rl^ V°Ss< StCL^ WW/ OKJENT OvilQEAt Contain* UNE JARDINE SNimNC AGENCIES (R«f. No. 242*4/ 00K 200 Cankmnwit tad #12-05 Southpomt, Sinppor* (SOI TM 2211)11 TELEX NO RS ***** TERMINAL/Cn TM *****11 220 BOOKINGS TM *****34 235 PCSAKA JARDINE SHIPPING AGENCIES SON. WO "OPT RELAH6 TEL873 words
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Advertisement74 1987-12-29 17 KMDB STACKED in huge steel containers seven levels high below deck and five high above, America's goods go to market in Asia on a "floating skyscraper" from one of the world's busiest ports. Page II THE FRENCH shipyard Alsthom-l'Atlantique has won a further prestigious cruise vessel order worth US$l5O million74 words
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Advertisement524 1987-12-29 17 *0 FESCO LINES FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE SINGAPORE/ U.S.A. END YEAR SPECIAL "LEXA MAERSK" VOY 8802 Departure 31.12.87 V oy Spore Th« week Arid M Closing Time CY 29/12 1800 MRS524 words
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Page 18 Advertisements
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Advertisement491 1987-12-29 18 I^3 COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO NORTH CONTINENT Li HAVRE ETA J232E52D28 rrri fT~ TM cargo to all U.K. dcitinations. Scandinavian (Aarhus m in and othor European Inland pointa > Wort African Porti EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/ MARSEILLES491 words
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Advertisement17 1987-12-29 18 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.17 words
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Advertisement262 1987-12-29 18 CHA RGEURS REUNIS f* m AGENTS SINGAPORE ANGLO FRENCH SHIPPING Tel 222*111 Telei RS7I&SC Fai 2255K1 MALAYSIA CUM NISC AGENCIES Sdn Btvt P* *****53 PEN ****** Anflo FreiKh PJ *****93 PK WTO". PEN *****5 I 815 Barber Blue Sea SuperCaniers for roll-on/roll off and container flexibility TO: PANAMA US WC/EC/GULF262 words
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Page 19 Advertisements
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Advertisement1121 1987-12-29 19 The Straits Steamship Group STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok r(JCV/v»li Containers Limited CONTAINERS** SERVICE TO UK/COHTWENT:. CONTAINERSHIP SERVICES TO/fROM BANGKOK KONIOON SAY FRAWKFUHT tXMttSS OSAKA »AY CfTY Of EMMURCH lAMS MY HOW KONG EXPRESS CMOKAN lAT RHINC MARU TOKK) express KHA.OO* lAY 11*1 13m 17m1,121 words
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Advertisement622 1987-12-29 19 EUROPE V-3dt «ll 1. it^T SENATOR LINK USA/PANAMA ;ra I liTlhl ilUtlMm POTSQW 3-lffrßrrl ILIILLOL m m IS.II i7.il 22.11 WA 711 01.12 04.12 01.12 WA 711 15.12 1112 22.12 IX 712 24.12 21.12 KJI TO USA/CANADA WEEKLY FULL CONTAINER SERVICE irrrr^crrMLjjNMHiivnr— LEKA BHUM V 133 "YEAR END SAILING" P.622 words
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Page 20 Advertisements
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Advertisement338 1987-12-29 20 t Hapag-Uoyd containership service to uk/continent COPENHAGEN, AARMUS, GOTHENBURG, MAUIO. HELSINKI. OSLO. AMSTERDAM CARIMEAN «I AMERICA CONV SfMl CONTAINER SERVICE TO EUROPE CONV St Ml CONTAINER SERVICE TO MED EUROPE S PORE PSAIO TRIES CASA LEX 810 AMS HBC B'HAVEN u/i jo/i in iia w m nn CONTAINERSHIP SERVICE FROM338 words
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Advertisement611 1987-12-29 20 ItC.S.LINE MK< imfumi CMH*ATIIK FULLY CONTAINERISED SERVICE MHM WW LeHavro fitow* R'dam H'burg B'ha»en FROM [-JROPf VIA SUFZ s M(,mh ot thf Ace Conso<l«m. CHINA CONTAINER 42E SEVEN SEAS BRIOGE HE ACE CONCORD 12E S port H.Konf Kaeehiung Bump OuU Tokyo 29(12 1/1 2/1 VI W »/l 5/1 1/1 9/1611 words
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Advertisement294 1987-12-29 20 FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO COLOMBO: SAILING 5/1 7/1 PORT MORESBY, RABUAL, LAE KIETA, MADANQ ft KIMBE NOUMEA 23/1 SUVA/LAUTOKA 27/1 AUCKLAND. WELLINGTON LYTTELTON, DUNEDIN ft NAPIER MIDDLE EAST FAR EAST PORT KELANG ft PENANQ 2/1 9/1 BANGKOK 2/1 6/1 HONG KONG 6/1 10/1 JAKARTA294 words
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Advertisement1058 1987-12-29 20 a EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GENTRY EVER GOLDEN 14fl I*l 2*l 220 li/2 EVER CUARD 21/1 2S/1 27/1 2*l 1/2 1/2 7/2 23/2 EVER GROWTH 2*l 2030*2*21******/3 EVER GRAND 3/2 7/2 1/2 11/2 14/2 tt/2 17/2 V EVER GREET I*2 220 2*2 2*2 2*2 2/31,058 words
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Page 21 Advertisements
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Advertisement464 1987-12-29 21 PACIFIC INTERNATIONAL LINES W\ PIL Building. 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE HTC HITACHI NGO NAGOYA. POO PASIR QUDANG ACCEPTING MOROR AN CARGO VIA HUG JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE SIN SBY SMG SIN Sid 31/12 2/1 0/1 a/1 r/i t/i i2/i 10/1464 words
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Advertisement129 1987-12-29 21 ffijNORBULK norbulk cargo services ltd. <5 T REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS SP PK LOADING FOR FORUM ISLAND NB« In Port 3/1 RDAM/ANT/IIK EVPO ACEOS 20/1 24/1 ROAM/ANT/UK TO: INDIA/PAKISTAN PORTS TO: JAPAN PORTS SP LOADING FOR "BILICE NBJ-01 25/1 OSAKA/JAPAN "LOADS INDONESIA PORTS L SPORE129 words
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Advertisement500 1987-12-29 21 mP BEN LINE CONTAINERS TASMAN JEBSEN NEW ZEALAND LINE TO NEW ZEALAND, NEW CALEOONI# FIJI ANb SOUTH PACIFIC ISLANDS SIN NOUMEA AKL TGA NAP TIM TIM/LV TIM/ON BLUFF 1/1 24/1 29/1 2/2 4/2 6/2 1/2 1/2 10/2 ACCEPTING LAUTOKA, SUVA. APIA, PAGO PAGO. NUKUALOFA. WITH T/S A 1 NOUMEA •ACCEPTING500 words
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Advertisement453 1987-12-29 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESUII LLOYD p.t. mwi DtM mmm p.t. tmkom lloyb EXPRESS SEMI CONTAINERSHIP SERVICES DM H BURG/BftEMEN VSL/VOY SfMI BILBAO A DA*/* DAM M BUR XEAI PRIMA/MB 16-14/1 I*2 22/2 2*2 SAMOA otmjmm a-n/i w w u/3 Sublet to Inducement Also453 words
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Advertisement407 1987-12-29 21 BOUSTEAD SHIPPING AGENCIES HTONEYWA V23OW PAGAN VU2W PA-AN VUM BURMA FIVE STAR (Burmese National Line) S'pore P.Kelang Penang Bangfc 22|MDK 31 OK/1 )M W Jin BANK LINE NORTHBOUND TO UKC SPORE ROAM HULL HIM TAUSALA SAMOA VIIN In Pt 2S/1 21/1 31/1 MORAYBANK V4N 13/1 S/2 14/2 10/2 CLYDEBANK V22N407 words
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Page 22 Advertisements
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Advertisement1260 1987-12-29 22 fITLRFITkC CuflST (Round-The-World Service) ORIENTAL FREEDOM Vl7 ORIENTAL FAITH V 6 'PK/PNG Sid 2 Jan NYC HFX 6 Feb 10 Feb 13 Feb 17 Feb PACIFIC SOUTH-WEST FEEDER VSL 'PK/PNG SP MOTHER VSL LA/LB OAK CHICAGO NEW YORK ORIENTAL FREEDOM Vl7 Sld 31 Dec G.W. BRIDGE Vl2 24 Jan 271,260 words
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Advertisement691 1987-12-29 22 3S£ INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers CboVtidras Hid Calcutta Kandla Bombay Kandla Bombay Cakvtta/Hadrai HK) Calcutta Cbo/Hadns MWCaI CboWadrat C bo/Madr as Mtd/Calcutta Msdr at/Calcutta HldfCalCbo/Hadras Kandla Bombay INDIA/JAPAN/INDIA SERVICE Accepting FCL Containers and Conventional Cargo Also accopta Matala A Slaal Products Singapore P Kelang Penang Loading tor691 words
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Advertisement646 1987-12-29 22 GOLDEN LINE GUAN GUAN SUPPING (PTE) LTD S. Tctot Ajrar Strwt SINGAPORE 01M TEL UUM (11 LINES) Fu U4SM STRAITS PERSIAN GULF SERVICE: GOLDEN HARVEST Cotanbo Kaf»dii Dutoi GOLDEN LAND Colombo, Karachi Dubai CHINA SERVICE GU SHAN Qingdao A VESSEL Shanghai Hsinkanj S pore P Ketonj Penanj 15:16 Jan 1/10646 words
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Advertisement445 1987-12-29 22 ———Wl PHILI OniCNT LIN€S PTC LTD HEAD OffiCt 63 ROBINSON POAD *07 1? AFBO ASIA BUILDING SINGAPORE 01C6 TELE* RS ***** PHILI U» ??***** DUBAI DAMMAN KUWAIT. DOHA. MUSCAT. BAHRAIN. ABU OHABI SHARJAM JEDOAH HOOWAH. AQAIA M KONG. KOK. KKLUNG. MAMU. BANGKOK. TOKYO. COLOMBO. KARACHI. BOMBAY n EAST FAR EAST445 words
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Page 23 Advertisements
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Advertisement822 1987-12-29 23 jnirrinu umi.o, 1 ucsuajr, utxeuiuer za, lifa/ NEPTUNE ORIENT LINES LTD S5 NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA Twm.ni! CES BOOKINGS *****53 *****42 *****22 *****43 *****19 *****18 27*111 27*141 NEPLINE SON BHD. 3HM7 INWARD/OUTWARD NEPLINE SON. BHD. 2»148J3 ENQUIRIES *****44 NEPLINE SON BHD. *****V627K*t27f61/6276t2 NEPLINE SDN BHD 23HMW29M1 FM822 words
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Advertisement475 1987-12-29 23 *9 DONA* HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P. KELANG. PENANG. BUSAN. INCHON mstls Nam* No i Donam/712N No 9 Donam/709N No S Donam7loN No 7 Donam/711N *Clofia/721N No 9 Oonam/WIN No t Donam/71JN No I Donam/711N No 7 oonami7l2N ETD BS BKK 07 12 24/12 SPORE475 words
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Advertisement764 1987-12-29 23 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 «NANG M/S HANDLING SYSTEM CO SON BHD MESSRS HAI THONG SHIPPING 127 Pananf StraaL fW*764 words
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Advertisement15 1987-12-29 23 m a ff. a MADJU SENDIRIAN BERHAD 20-1? Tonq Enq Building Singapore 0106 Tel *****8<15 words
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Page 24 Advertisements
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Advertisement223 1987-12-29 24 SINGAPORE SHIPPING w jioT CORPORATION (PTE.) LTD. TEL 225 6868 i3O Lines* FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTF R ACHT/SE EREEDE RE I ROSTOCK INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO: Accepting cargo for INDIA Bombay. Cochin. Madras 1 Calcutta "VIA223 words
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Page 24 Miscellaneous
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Miscellaneous171 1987-12-29 24 Regional Weather r. v. N 5! fl 2s> 0 s> as 5 £55 EBEKSS \<«fc. SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND Wind direction with speed in knots Wave height R Thunderstorm Temperature «> c hovver Weather Wind direction with speed in knots Ram 'o' Cloudy171 words
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Page 25 Advertisements
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Advertisement343 1987-12-29 25 SCHENKER WEEKLY LCUFCL CONSOL. SERVICES TO VANCOUVER, TORONTO, MONTREAL (CANADA) SPORE VANCOUVER TORONTO MONTREAL HENKER IV 6/1 1/2/88 7/2/88 8/2/88 HENKER V 13/1 8/2/88 14/2/88 15/2/88 HENKER I 20/1 14/2/88 20/2/88 21/2/88 HENKER II 26/1 20/2/88 26/2/88 27/2/88 SlO THOMSON ROAD *»42 SLF COMPLEX SPORE 1120 TEL: 28*4011 FAX: 2SO-4121343 words
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Advertisement156 1987-12-29 25 BE IZUMI LINE REGULAR EXPRESS CONVENTIONAL SERVICE TO CALCUTTA VSI BIT Sport loadinf tor WAKAYU 62A 196 2nd JAN II CAL./MADRAS* •SUBJECT TO INDUCEMENT G. AGENT: TAIKA SHIPPING i ENTERPRISES PTE LTD TLX SOOZI TAIKA TEL *****78 BOOKING AGENT: RICK MARINE ASSOCIATES PTE LTD TLX ***** RMA TEL ****** MPNC156 words
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Advertisement703 1987-12-29 25 UNIPACIFIC TRANS. TRADING AGECY PTE. LTD. IRAQI LINE •»c S'i T St «C« 'M»S» 4 MV SINDBAD MV ALRAZI MV BASRAH MV BAGHDAD EAST BOUND SERVICE HA S PORE LOADING FOR Sf2 Japan 3/2 Japan WEST BOUND SERVICE ETA SPORE LOADING FOR tfl Jaddah Agaba THROUGH B/U to BAGHDAD UPON703 words
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Page 26 Advertisements
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Advertisement353 1987-12-29 26 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** Hr I \SI IK\C \K I I\l K. I) WEEKLY CONVENTIONAL HEAVY LIFT SERVICE FROM SINGAPORE/PORT KELANG TO: HONGKONG KEELONG KAOHSIUNG TOKYO/OSAKA YOKOHAMA NAGOYA/KOOE CAR CARRIER SERVICE TO MUARA/KUCHING KK Loading at appropriated Berth P4-P5353 words
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Advertisement439 1987-12-29 26 CCK FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES AND FRENCH Halifax, New York Baltimore Alto serving GULF Savannah, Miami, Mobil*, New Orleans. Houston/Mai ico Vara Cruz. Mexico City/ FRENCH W. India* Port Oa Franca. Pointre A. Pitra, Datrad 0. Cannes To COLUMBUS439 words
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Advertisement264 1987-12-29 26 LCL WEEKLY SERVICE TO: KKLUNG 80/12 HAM/BftEM 8/1 BANGKOK 80/12 ROTTERDAM' 8/1 HONGKONG 80/12 TILBURY 8/1 FREMANTLE 81/12 SYO/MELB 7/1 ADELAIDE 31/12 (transit time 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY ETD GERMANY ETA S'PORE CON-CARRIER 51/87 15/12 4/1 CON-CARRIER 52/87 22/12 11/1 LCL SERVICE TO CARRIBEAN PORTS ST. VINCENT,264 words
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Advertisement753 1987-12-29 26 IMO, CALL US AT? P. KELANG PENANG J. BAHRU P. GUOANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 •07-*****8 iO7-*****3, *****5, *****0, *****1 •02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE FEEDER B BUTANC B. BUTANC 407 B. BUTANC 40) P KELANG I HTHR VSL *12 JUTLANOIA N. wir SINGAPORE I LEHARVE753 words
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