The Business Times, 18 November 1986

Microfilm: NL15627
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 TUESDAY, NOVEMBER 18, I*M 75 CENTS
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  • Article, Illustration
    FINANCIAL NEWS SUMMARY
    224 1 STOCK MARKET HELPED BY some buying support in the afternoon, share prices closed above their day's lows on the Singapore stock market yesterday. The keenly-watched Straits Times Industrial Index, a 7.62-point loser at noon, recouped to close 3.67 points lower at 881.96. Meanwhile, the all sector BT
    224 words
  • Article
    HK shippers' troubles not over
    503 1  -  Colony has become notorious for high level of bad shipping debts By LINDA CHEE HONGKONG SHIPOWNERS were scolded yesterday for thinking that their financial problems were over, and told that the colony had become notorious because of the enormous level of bad shipping debts incurred
    503 words
  • Article
    HLF, Sinfin clients have new credit line to draw on
    557 1  -  By ALVIN TAY HONG LEONG FINANCE and its subsidiary Singapore Finance have launched the Credit Plus scheme, a revolving line of credit which allows borrowers to tap funds as and when they require up to an approved limit. The scheme,
    557 words
  • Article, Illustration
    Kok Liang a free man after six months in jail
    409 1 TAN KOK LIANQ, who spent six months in jail between Feb 4 and Aug 14, is now a free man. Saying that Tan had "fully and sufficiently paid his debt to society", Mr Justice Lai Kew Chai yesterday reduced Tan's
    409 words
  • Article
    Lock icon Gold price plunges below US$400 an ounce
    139 1 Reuter THE GOLD PRICE in London yesterday plunged to its lowest since early September, partly because of a bursting of a speculative bubble in platinum. Gold went to its lowest since early September at around US$392 an ounce in the morning, down from
    Reuter  -  139 words
  • Article
    Lock icon Conflicting reports leave fate of President Kim II-Sung a mystery
    477 1 Reuter THE FATE OF North Korean President Kim 11-Sung remained a mystery last night after a day of intense speculation and rumours in Seoul and Tokyo that he had been overthrown, or assassinated, or both. South Korean Defence Minister Lee
    Reuter  -  477 words
  • Article
    Emporium's request for meeting to be heard today
    205 1 THE EMPORIUM GROUP S application for a court-ordered meeting of creditors has been adjourned to today for further hearing before Mr Justice L P Thean. The application was heard in chambers yesterday by the retail group s lawyer, Mr Francis Lee, under
    205 words
  • Article
    Lock icon Industrialism an exclusive club, says KL trade minister
    209 1 AFP MALAYSIAN Trade and Industry Minister Tengku Razateigh Hamzah yesterday criticised industrialised countries for treating raw materials producers aa "second claas citizens". Tengku Razaleigh said in an interview in Perth that industrialism was a private dub to which industrialising countriee were not
    AFP  -  209 words
  • Article
    Israeli President arriving today
    92 1 ISRAELI PreekSent Chaim Herzog ia due in Singapore today tor jk short visit at the invitation ei Hr—iHent Iflmm \A4m a rfWlOwll'ffW VUm IfM. President Herzog, accompanied by Mrs Aura Herzog and officials, is on his way home from atate visits to Australia, New Zealand. Fiji
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      90 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM 1/i to HdrVfaMHg khtrCare efore 'Link* After Link' SPECIALIST IN HAIR WEAVING HAIRCARE We are inviting all men and women with hair fall, thinning, receding or balding problem to call us NOW and a chance to receive our Expert Advice Free of Charge. JLink.
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      Page 1 Advertisements Column 2
      289 1 Plenty to grin about HE'S a Harvard drop-out, he's just 30 and he's already worth US$3l5 million. No wonder this young man is grinning. See Page 10 SHARE INFORMATION MONEY EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE CROSS WOROS TV S RADIO BRISTOW OUR VIEW WITH OR WITHOUT Jeyaretnam on the opposition
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      Page 1 Advertisements Column 3
      105 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM ..-`[~(><\>{`"~`\+$%})"*./*>/'$ Tha WiMlpplini and Sm Back Pag* To be perfectly franc, it& the million dollar question. Ibund for pound, every yen counts. Mark our words. \bu know it makes cents. The best way to earn higher interests on your savings is via our ACU
      105 words
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  • HOME NEWS
    • Article
      Nationwide effort to help smokers kick the habit
      155 2 SMOKERS who made, and broke, previous New Year resolutions to quit the stick can soon get another go, this time with nationwide support. A 10-day countdown to Smoke-free Week begins on Jan 1, 1967 with media reminders and lead-up activities by organisations
      155 words
    • Article
      Project Orbis all set to break new ground
      441 2 A "FLYING HOSPITAL" has chosen Singapore for its first ground mission and the success of its three week stay here will determine if such projects are to continue. Project Orbis, as the hospital is called, is a specially-fitted jetliner with a team
      441 words
    • Article
      Telecoms to launch pen-size display pager
      100 2 TELECOMS will introduce a new pen-size display pager from Nov 21. The new pager, which works like a standard display pager, can receive up to 10 digits per call, and store up to five messages at one time. Its "Memory Protect" feature will prevent
      100 words
    • Article, Illustration
      M-Watch timed to match demands of new markets
      580 2  -  By SAID ABDULLAH M-WATCH of Switzerland made its debut in Singapore yesterday with the manufacturers, Mondaine Watch, holding out the possibility of making and assembling components here. Mondaine, one of the top five watchmakers in Switzerland, has chosen Singapore to be the
      580 words
    • Article, Illustration
      Caltex clinches $600m supply contract for Pulau Seraya station
      253 2 CALTEX has won a massive contract worth mors than $600 million to supply fuel oil to the nsw Pulau Seraya power station. The contract calls for the supply of 16 million barrels of fuel oil over a three-year period. The contract
      253 words
    • Article
      Budget met more by non-tax income
      551 2 TO MEET its annual expenditure, Singapore places greater reliance on non-tax revenue than many other economies. This gives Singapore considerable flexibility in raising revenue to meet government expenditure. The impetus to tax reform in Singapore is thus not to be found in the traditional
      551 words
    • Article
      NZ hopes to cut levels of income tax through levy on services
      397 2 NEW ZEALAND'S decision to introduce a consumption tax, named the goods and services tax, is identified as probably the most significant single measure in the country's partial switch to an indirect tax. This 10 per cent value-added tax
      397 words
    • Article
      Obstacles in design of sales tax
      197 2 SINGAPORE may face difficult choices in the design of a consumption tax, observed Dr Mukul Asher. "Since it (Singapore) is an export-dominated economy, introduction of a value-added tax is likely to require substantial refunds at every stage, as exports are usually zerorated," said Dr
      197 words
    • Article
      Private sector must take lead in wage reform, says Boon Heng
      332 3 LABOUR LEADER Lim Boon Heng has urged the private sector to take the lead in wage reform, and not wait for the public sector. "The private sector does not have the complexities of the public sector's wage payment system,"
      332 words
    • Article
      Wage increases to keep in step with economy
      125 3 WORKERS can look forward to wag* increases of 3 to 5 per cent in the future, but only if the economy improves by 4 to 6 per cent, says Assistant NTUC secretarygeneral Lim Boon Heng. In an article published in the latest
      125 words
    • Article, Illustration
      And Rolex ticks on unperturbed
      470 3 "GOOO-HEARTED but very sever*" management along an unchanging course has buoyed Rolex watches in the choppy currents of the Swiss watch industry fall-out and the Japanese watch challenge. The bulky, pricey and unchanging familiarity of Rolex watches in gold or stainless steel and gold are
      470 words
    • Article
      Cullinet establishes regional base here
      418 3  -  By JEFFREY TSANG SINGAPORE will serve as the regional headquarters for the Asian-Pacific operations of Cullinet, one of the world s largest software houses, which also has plans to set up a software development centre in the Republic next year. The 16-year-old company already has
      418 words
    • Article
      Citicorp Insurance woos clients through the mailbox
      270 3 LIFE could soon b« easier for life insurance salesmen at Citicorp Insurance Brokers. Instead of paying for expensive lunches over which they explain the benefits of various schemes to reluctant clients, they can now sell by post. The insurance arm of Citicorp/Citibank Group
      270 words
    • Article
      Singapore must plan ahead to look after needs of elderly
      271 3 SINGAPORE MUST DEVELOP programmes to help cop* with the doubling and tripling of the numbers of the elderly, said Mr Yeo Cheow Tong, Minister of Stats (Health and Foreign Affairs) yesterday "Some programmes need to bs implsmented immediately. Others need
      271 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      206 2 Now WE FIY THERE 35 TIMES A WEEK. mm-s m- t *«§jSB« r r ®,ij E V- V .V -V ->, 11'"' ,_i «aftl 3 "S V' sKarei Mi < Vfe KB S ;*sHfai Korean Air now flies to the U.S.A. 35 times a week from Seoul. And, of course,
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      Page 2 Advertisements Column 2
      49 2 V\/1 fp.'Sife■fe, ■fts* v v 'f^'*V* **W* B(P^ j ra%-«ny '■~!j&~ *4*"- RSK jdh* /r** r '-rt?r»* < K <. #y» Pte- -v.: "V 1 u. zjs&v#* <r at.J*' 4 M» I 1; \A > Br vT INTERNATIONAL SINGAPORE 581 Orchard Road. Singapore 0923. Tel: 737-2233. In association with SSMK
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      228 3 Werecriy as big At IBM, we recognize that your business is different from others. That every business has its own size and its unique requirements. So IBM offers the System/36 family of computers. The business computer that is only as big as you need it to be. I jMIM' And
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  • ASIA-PACIFIC
    • Article
      Lock icon China in deal to buy Soviet power generating units
      406 4 FT CHINA HAS SIGNED a 980 million Swiss franc countertrade contract with the Soviet Union for JO power generating units as part of a larger deal under which Moscow will supply generating equipment with a capacity of 6,800 mw over the
      FT  -  406 words
    • Article
      Lock icon Joint venture carmakers criticised
      330 4 AFP A CHINESE OFFICIAL has accused foreign carmakers with joint ventures in China of deliberately postponing localisation of parts production in pursuit of high profits. The New China News Agency (NCNA) yesterday quoted Chen Zutao, the general manager of the China Automotive Industry Corporation, as saying:
      AFP  -  330 words
    • Article
      Lock icon 'Fall of Aquino will set back regional stability'
      320 4 AFP ANY ATTEMPT to overthrow the Aquino government in the Philippines would be a major setback to stability in the AsianPacific region, says Australian Prime Minister Bob Hawfce. President Corazon Aquino "offered the promise of restoring the Philippines to the mainstream of
      AFP  -  320 words
    • Article
      Lock icon India may tighten economic rules
      199 4 AFP INDIA'S new liberal economic policies may have to be curtailed if its massive trade deficit continues to grow, the independent National Council of Applied Economic Research warned in New Delhi on Friday. -The trade deficit in 1965-1986 was nearly 80 billion rupees (US$6.4 billion),
      AFP  -  199 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      746 4 ARRIVALS Operator Si Local Km* From SWR St 162 1145 ZKH/KM/CMS su SO 201 1145 CGK THAI TG403 1155 HOC SU SQ191 1155 PEN MAS MH682 1230 KCH GU GA940 1235 MB SU SQ107 1250 KUL SU SQ203 1300 CGK GU GA900 1310 PKU sv SV399 1330
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      313 4 Specifications may be subject to change. lIJXUEY FORTHOSE WHO KNOW THEIR OWN WORTH. The days when you were prepared to accept the bare essentials in a car are over. Especially when you're prepared to pay the price of an executive saloon Treat yourself to the 1987 Toyota Cressida and you'll
      313 words
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      Page 4 Advertisements Column 2
      102 4 I I I \g I The business person's choice, every I I II \I I 11 I Tuesdoy, Thursday. Saturday and I 1 fl\| M 1 f] \l Sunday. Leaving Chongi Airport at 1 1 J—J 1 22:05 hours and arriving at Heathrow at 06:45 hours the fottowing morning. Call
      102 words
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  • REST OF THE WORLD
    • Article
      Lock icon Conference proposes curbs on nitrogen oxide emission
      385 5 Reuter A MAJOR international confern ence on air pollution has ap,l proved the drafting of a new e accord to reduce poisonous nintrogen oxide emissions being spewed into the atmosphere by ,»cars and industrial plants, -t Twenty-five European na- tions, plus the US
      Reuter  -  385 words
    • Article
      Lock icon Swiss official warns of inadequacy of EC rules
      307 5 Reuter SWITZERLAND'S top environmental official has expressed fears that European Community laws are not adequate to prevent a repetition of a disastrous chemical spillage which followed a fire at a Rhine-side warehouse in Basle this month. Speaking on Swiss television last Sunday,
      Reuter  -  307 words
    • Article
      Lock icon Democrats pledge to erase federal deficit by 1991
      441 5 UPI DEMOCRATS, who now control both houses of Congress, say they are still committed to erasing the federal deficit by 1991 but hint they may not stick to the year-by-year Gramm-Rudman targets along the way. Gramm-Rudman a law named for the senators
      UPI  -  441 words
    • Article
      Lock icon US to decide which allies will have aid cut
      210 5 AP THE US GOVERNMENT was yesterday expected to announce its decision on which US allies will face sharp cuts in military aid because of budget reductions mandated by Congress. Some officials say the cuts could seriously damage American security interests. The
      AP  -  210 words
    • Article
      Lock icon Americans' expenses on the road
      168 5 UPI LAST YEAR, Americans spent a record US$l.O5 trillion on transportation, including travelling to work, making personal trips or going on holiday. Hertz Corp released its third annual travel "Mobile America" study on Sunday, showing that more time and money were spent on holidays and
      UPI  -  168 words
    • Article
      Lock icon Democrat leader issues warning over Iran issue
      159 5 UPI US HOUSE of Representatives Democratic leader Jim Wright, recalling how the Watergate scandal forced Richard Nixon from office, has warned the White House against using executive privilege to shroud details of its arms deal with Iran. Mr Wright, who is expected to
      UPI  -  159 words
    • Article
      Lock icon Brazil's civilian gov't claims victory in poll
      303 5 AP THE CENTRIST civilian government yesterday claimed overwhelming victory in Brazil's most wide-ranging and important elections since South America's largest nation returned to democratic rule 20 months ago. "Brazilians have shown dramatic support for the government of President Jose Sarney," said Senator Severo
      AP  -  303 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      157 5 US raachat turning point In policy towards Iran, Pago •V>.\ t, f '0 Business Plus. A Class of its Own. Our business is a pleasure, sheer and utter pleasure. That's why we've added an extra Air Lanka 'taste of Paradise'to everything that is expected of Business Class. These are just
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  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      45 5 Doonesbury HOW 3EST TO HONOR OUR FALLEN OLLEAGUE* AFTER PUTVN6 ON OUR THINKING CAPS.WEINTHBSOCJEJV CAMEUPWTTH A meurE we think /SFrmN6. V FOR 7H5 NEXTMJNUTE, IN AN ORNrrHOLO&Sr? SALUTE, WE WILL ALL PERFORM OUR FAVORITE BIRP CALLS. EVERMNB READY* ...ALTO6ETHER! K*} BY GARRY TRUDEAU hokof Z
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  • BANKING AND FINANCE
    • Article
      Fujian Investment signs US$50m bond issue in Singapore
      485 6  -  By ALVIN TAY FUJIAN INVESTMENT and Enterprise Corporation (FIEC) yesterday became the first Chinese government agency to raise funds in the Singapore capital market when it signed the documents for a US$5O million bond issue. This is the first time that a
      485 words
    • Article
      Lock icon Malaysian bankers doubt lending rates can be kept low for long
      366 6 MBT WHILE BANKERS in Malaysia may be more amenable to a cut in base lending rates (BLR) following the sharp fall in interbank money market rates last week, some of them are asking how long the rates can be
      MBT  -  366 words
    • Article
      Asian Oceanic signs RUF
      173 6 ASIAN OCEANIC Limited yesterday signed a US$2O million revolving underwriting facility with a group of eight major international banks. The facility comprises three-month negotiable bearer certificates of deposits at a coupon of 1/8 per cent per annum over the Singapore Interbank Offered Rate, which will be
      173 words
    • Article
      US$45 million term loan for Daewoo Corp
      72 6 A US$45 MILLION medium- term loan syndication for Daewoo Corporation, flagship for one of the largest business group in South Korea, was signed yesterday. Lead managers for the syndication are Alahli Bank of Kuwait, Arab Bank Limited, Instituto Bancario San Paolo di Torino,
      72 words
    • Article
      Singapore bankers expect uptrend in business, says Egon Zehnder survey
      467 6  -  By SOH TIANG KENG, Financial Correspondent RECESSION HAS NOT HIT Singapore banks as badly as many had initially expected, according to an Asian banking survey conducted by international management consulting firm Egon Zehnder International. The survey, conducted in September, covered
      467 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      162 6 TOP OF THE CLASS! Thai's Royal Executive Class has been voted the Best Business Class in the 1986 Airline of I the Year Awards We admit we had gone to extraordinary lengths for the business traveller. Wider-than-normal seats and legroom. Exquisite linen, fine porcelain, silver cutlery and a choice of
      162 words
    • Advertisement
      Page 6 Advertisements Column 2
      193 6 W w' '<• BHIWBWi||I Don't M iss this (.uldcii O|)|)oi tunit\ ls< m>k Now from Priced $330 onwards 000 ~-*r t*- J The Ultimate Home Exclusive Ifet Affordable A rare opportunity to acquire one of Singapore's few re maining pieces of freehold residential property is here. Tanglin Park combines luxury,
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  • MONEY AND EXCHANGES
    • Article
      Simex
      581 7 THE December Treasury-bonds opened 30 ticks higher than the previous close at 98.03, after the strong closing on the Chicago Board of Trade. The sharp drop in gold and expiry of T-Bond call options provided the bullish backdrop. But the contract remained narrowly traded between 98.06 and 98.02 before
      581 words
    • Article
      Asian dollar market
      238 7 ASIAN DOLLAR deposit rates closed steady at opening levels in quiet trading yesterday. Short-dates were mostly steady at the outset and remained unchanged subsequently. Overnight, Tuesday/Wednesday and week fixed closed at a common 6-1/8 6 per cent. Period rates were little changed from earlier levels of 6-1/8
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    • Article, Illustration
      Money markets
      125 7 THE OVERNIGHT rate on the Singapore interbank market closed at 2-1/2 per cent yesterday, down 3/4 from last Friday. hdfcitei Km avtragt af the prim Mhf rates of 12 major banks opouUnf in Shf^ara N S$ Interbank rates at 7pm yesterday: Offer Md Overnight 3 1/2 2 3/t
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    • Article
      Precious metals
      360 7 HONGKONG: Gold closed lower in moderate trading yesterday in spite of early demand from the US. Dealers said selling by local investors, partly due to a rebound in the US dollar, pushed the metal lower with bullion closing at U*****.90/U*****.40 per ounce against an initial U*****.50/U*****.50. Gold ended
      360 words
    • Article
      Forex markets
      690 7 SINGAPORE: The US dollar closed firmer against major currencies yesterday but below the day's highs, after thin and nervous trading. Dealers said that the dollar firmed at the opening on remarks over the weekend by Japanese Finance Minister Kiichi Miyazawa and US Federal Reserve chairman Paul Volcker on
      690 words
    • Article
      Foreign Exchange
      177 7 Interbank rates at 3pm yesterday: Cwi'MHiUi NmiW ratm tmrnmomtam BM CMw crow mtIN ifniTi Local doMfi to on* unit o1 forslQn curvwtcy: US dofar 2.1930 2.1940 ***** •2122 toitf pound 3.1294 3.1330 7.3469 -57.41 Australian doNor 1.4090 Ml 18 3.4286 -58.90 NZ dollar 1.1304 1.1332 3^4286 -67.03 Canadian
      177 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      364 7 This coupon will heip )OU speak even better. The two day Executive Retreat organised by The Marco Polo with John Robert Powers is unlike most other executive improvement programmes. Firstly, the code of dressing is casual. So no ties or suits please. Secondly, you don't have to listen to long
      364 words
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      Page 7 Advertisements Column 2
      54 7 I'ljljl l\< jIIIC y. Aia ~<j r l cunina. .v It Sl/jkcycjic. /I' cru sjd arfma mdcc Si/Walter." WHYTE MACKAY 21 YEARS OLD SCOTCH WHISKY For sales enquiries please contact the tote agent: BWCThe East A»abc Company (S) Pie L»d. Consumer Product Division. 6 Raffles Quay #01-02. Denmark House. Singapore
      54 words
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  • WORLD BACKGROUND
    • Article
      Lock icon Conference breaks new ground in debt strategy
      685 8 Reuter LATIN AMERICA, which has struggled alone to win concessions from private creditor banks since the onset ot its debt crisis in 1982. is now setting precedents sought by Third World debtors on other continents in a new global trend. The Philippines's bid
      Reuter  -  685 words
    • Article, Illustration
      Lock icon US reaches turning point in policy towards Iran
      1013 8 AP THE WOUNDS are still fresh, the memories painful, but the US and Iran have begun edging warily towards each other once again. And again it is the Soviet Union, in its power and proximity, that is the driving force. Noisy debate
      AP  -  1,013 words
    • Article
      Lock icon Canadian fund offers HK residents an escape route
      692 8 UPI FROM A FINANCIAL point of view the offer was not appealing: a top return of 10 per cent a year over 42 months on a minimum investment of a quarter million Canadian dollars provided everything goes all right. Nor was the
      UPI  -  692 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      151 8 THE vTEV 1 IS S I N P 0 H K The most breathtaking views in Asia, from the Westin Stamford, the tallest hotel in the world. Plus the widest selection of restaurants anywhere in Singapore. Six superb tennis courts and four air-conditioned squash courts. Two swimming pools, plus a
      151 words
    • Advertisement
      Page 8 Advertisements Column 2
      126 8 FOR SALE/EQUITY PARTICIPATION New Building with established tenants in business district of Kuala Lumpur. Bank guaranteed minimum 7% yield $2 million annual rental income for 3 years. Interested parties please write with full details to:— The Advertiser, Business Times Box No. 1080, 31, Jalan Riong, ***** Kuala Lumpur. £3 Knight
      126 words
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  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      274 9 Canon Now Canon sets the standard for Xerography. For the first time since the invention of dry copying a Canon duplicator offers you more than any competitor in the world. And for a lot less. At 70 copies a minute this amazing new duplicator offers you complete 'hands-off' automation from
      274 words
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  • FEATURES
    • Article
      A void for the capable to fill
      549 10 •HOWEVER UNEXPECTED the final twist to J B Jey- aretnam's long trail of trials and appeals over the r four charges of misuse and misreporting of his party's funds, one thing is clear. This is that the law must be respected: No one,
      549 words
    • Article, Illustration
      America's six richest men
      1064 10  -  By LEE HAN SHIH THE SIX RICHEST people in America are all self-made men. The two least wealthy of them are worth US$l.4 billion each. The richest. Samuel Moore Walton, is worth US$4.5 billion, or roughly the combined 1984 gross national product of Botswana, Madagascar and
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      321 10 FAIRTECH CENTER OPENS IN TAIWAN K a w /5 o 3 ft ■K m a -a V A ij> x 4> J a. as BT a» r if ft 0 m 7* r fli'J N a it IP J a CJ m a i 0 rm^ N a *< 31
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  • SPORTS
    • Article, Illustration
      Lock icon NZ: We're not over the moon
      645 11 NYT A NEW MAP has begun to surface in obscure places around Freemantle. It shows the waterfront of Auckland, New Zealand, its offshore islands, and the open sea. Sketched in the middle of the area's Hauraki Gulf is an America's Cup course. And the
      NYT  -  645 words
    • Article
      Lock icon Maradona (not God) had a hand in that goal
      229 11 AP DIEGO MARADONA, who guided Argentina to victory in last summer's World Cup soccer tournament in Mexico, has admitted using his hands to score a vital goal against England, according to a British press report on Sunday. In what London's Sunday
      AP  -  229 words
    • Article
      Lock icon Kankkunen leads despite cap mishap
      182 11 Reuter A MISSING petrol cap almost deprived world championship leader Juha Kankkunen of the overnight lead in the Royal Automobile Club (RAC) round-Britain rally on Sunday. Driving a Peugeot 205, Kankkunen arrived at the opening day rest halt in Harrogate having established a four second
      Reuter  -  182 words
    • Article
      Lock icon lain Murray and Kookaburra III rout Australia III to retain lead
      385 11 AP lAIN MURRAY and Kookaburra 111 remained in the read in the America's Cup defender trials yesterday by routing Australia 111, the syndicate mate of favoured Australia IV. The victory, by 2 minutes, 7 seconds, kept Kookaburra 111 three
      AP  -  385 words
    • Article
      Lock icon Yannick Noah gears up for Wimbledon tournament
      289 11 AP YANNICK NOAH has ended hit British title jinx and is gearing himself up for next year's Wimbledon tournament. Noah won a memorable final in the U*****,000 Benson and Hedges tennis championships on Sunday his first success in England. He said afterwards that
      AP  -  289 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      198 11 0 A > The superb flavours of Thai Cuisine comes to you Buffet Style every night as chefs from |1\)! Bangkok's famous D'j it Pochana Restaurants prepare in true Thai style, the Thai Gourmet Buffet Dinner. Serving nightly from 6.30pm to 10.00pm at only $16.00 per person, indulge in an
      198 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1429 11 TO TO mm Marsha Mason and Jamas Caan try out marriage again TUESDAY PREMIERE Chapter Two 10.30pm, Channel 5 Based on Neil Simon's true experiences, this is the tale of George Schneider (James Caan). A shy New Yorker, George writes spy thrillers under a swashbuckling pseudonym. He is also a
      1,429 words
    • Miscellaneous
      Page 11 Miscellaneous Column 2
      711 11 Play gol£ the Sevvy way v w 4 tTS /*&£>£ EP I i COMtNG POW, THE. WB/OHT ROUS OV7D 7HS OUTS tPC op thb Lerreoor. > C fcWiOect >*. *3U CRYPTIC PUZZLE ACROSS 3 It's difficult when a dog has no master (5) 8 Dot's wordy arrangement (5) 10 On
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    • Miscellaneous
      Page 11 Miscellaneous Column 3
      55 11 nristcw: Fteixk Diciens GOOD HeftveNS' LOG'Re both UHMT'STHIS i Heciß \J OUT ON TOE. same. a sour BRisibuj coiMsi P p,N (Jl^Si' IHEBeiS R > on A wmreß sfefirs A^NC V HOUDPiy fa SH! I'm U6TE.NIMG. r tr RNyuoHe&e im TV4C vicinity OF Rjneoys ySUR LA pIS-nEL, DROP IN ITUOULD
      55 words
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  • INTERNATIONAL COMPANY NEWS
    • Article, Illustration
      Lock icon Insider deals face closer scrutiny
      1191 12 Subpoenas served on at least 10 professionals NYT THE JUSTICE DEPARTMENT last Friday reportedly served subpoenas on at least 10 Wall Street professionals in a widening investigation of the insider trading scandal that forced Ivan F Boesky to pay US$lOO million for illegal stock speculation.
      NYT  -  1,191 words
    • Article
      Lock icon Investigators for Collier case
      154 12 Reuter THE BRITISH government has appointed two investigators to look into charges that an executive with a merchant bank was involved in insider trading. A Department of Trade and Industry spokeswoman said they would examine the case of Geoffrey Collier, 35, who resigned from bankers Morgan
      Reuter  -  154 words
    • Article
      Lock icon First Interstate management likely to stand firm on bid
      609 12 NYT THE MANAGEMENT of First Interstate Bancorp is expected to recommend to its board of directors that the company proceed with its bid to acquire Bank America Corp, US industry sources said during the weekend. The board of directors of First
      NYT  -  609 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      520 12 iSf <Si> M m Wbere id wim, aui« and entertain ALL YOU WANT 1 iHII u t.'jr m > a w <- no *6 80 per person 'Diat'XiHSi Lunch: II am to 2.30 pm dail Sundays Public Holidays: 8 am to 2.30 pm MMM 181. Kitchener Road, Singapore 0820. Tel:
      520 words
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      Page 12 Advertisements Column 2
      125 12 v N /I 7% And now, for your great pleasure, may we present our clever combination of culinary craft and calisthenic capabilities, the incomparable Long Jiang Sichuan Prawn Roll. Send one tumbling through a succulent sauce. Sensational. Come for lunch or dinner anyday. CRovvn W>CI HOTEL 270 Orchard Road. Singapore
      125 words
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  • ASIAN STOCKS
    • Article
      Hongkong
      360 13 HONGKONG: Share prices closed slightly lower yesterday in quiet trading amid light profit-taking by local investors, brokers said. The Hang Seng Index finished 1.14 lower at 2,242.89 while the Hong Kong Index shed 0.42 to 1,424.36. Brokers said most investors stayed on the sidelines awaiting further developments after last
      360 words
    • Article
      Taipei
      246 13 NOV 17 All Sincere Indus NT 1.71 0.02 -04 Kotin Kuochan Dev Lee Chang Yuen Chem Indue 25.40 22 40 28 60 -05 -0.5 -05 Cathay Con* Chang Hwa Bank. 34 50 40 50 -06 -06 -0 5 Lien Hwa Indue Nan Ya Plas Pacific Cone 22 50 34.60
      246 words
    • Article
      Tokyo
      414 13 TOKYO: Shares closed sharply and broadly lower in thin trading yesterday following unconfirmed reports that North Korean leader Kim 11-Sung had been assassinated, brokers said. The market average lost 182.35 to close at 17,208.15, but had risen as high as 17,475.40 in early morning bargain hunting. Volume was 270
      414 words
    • Article
      Manila
      77 13 NOV 17 Acoje Mining pesos Oriental B Phil Overseas 0 022 0 026 0 34 -0 002 unch -0 02 Picop B Apex Mining B. 0.024 25 unch 1 pldt 265 -5 75 S Seatront 0.015 unch Basic Petroleum Benguet Con. B... 0 006 103 unch Sime Darby Surigao
      77 words
    • Article
      Sydney
      402 13 SYDNEY: Australian share markets closed sharply weaker yesterday as nervous investors pulled out of leading industrial and mining stocks and dumped gold issues. The Gold Index recorded its biggest ever one-day fall following a sudden drop in the price of gold, which was trading almost US$l3 lower at around
      402 words
    • Article
      Seoul
      113 13 NOV 17 WON 1670 -250 6 40 35 55 +10 Kangwon Ind Kia Motor 955 1640 15 40 Kolon Ind 1800 -160 Dmwoo Corp 1230 Korea Long Term Lucky Lid 1450 1571 unch 26 Dftishin Securities 2865 820 Oriental Brewery Oriental Chem 1300 1732 20 32 Dong Suh Stock
      113 words
    • Article
      Lock icon Bangkok
      156 13 Reuter BANGKOK: The Stock Exchange of Thailand Index edged up 0.90 to 183.35. Turnover totalled 857,425 shares worth 109 million baht. NOV 17 «A HT Siam Cement fV3 -6 Siam Citizens susp Siam Citizens Lea»ng susp Asia Fibre 209 9 Siam City Ayudhya Investment 206 6 Cement 562 2
      Reuter  -  156 words
    • Article
      Lock icon Pepsi plans restaurant deal
      54 13 Reuter MITSUBISHI CORP of Japan and Pepsico Inc of the US are negotiating to set up a joint venture to introduce Mexican restaurants into Japan, a Mitsubishi spokesman said. Mitsubishi is a 50 per cent partner in Kentucky Fried Chicken Japan Ltd with Pepsico subsidiary Kentucky
      Reuter  -  54 words
    • Article
      Lock icon ANZ expects profit to stay level in 1986/87
      466 13 Reuter AUSTRALIA and New Zealand Banking Group Ltd is expecting group net profit to at least stay level in 1986/87 financial year ending September. The group earlier reported a rise in net earnings to U*****.42 million in 1985/86 ended Sep 30, from
      Reuter  -  466 words
    • Article
      Lock icon US insurance company gets licence to operate in S Korea
      258 13 Reuter SOUTH KOREA has chosen a US firm as the first foreign insurer to be licensed to underwrite life insurance in the country. A Finance Ministry official said the Life Insurance Company of North America (Lina) could begin underwriting life
      Reuter  -  258 words
    • Article
      Lock icon BTR Nylex buys into Taiwan firms
      166 13 Reuter PLASTICS and rubber goods manu- v facturer BTR Nylex Ltd said itsrt would acquire a 51 per cent inters «a est in three related, listed Taiwan- 3 ese companies for US$B7.5 million u] and four million BTR Nylex shares, < effective last July
      Reuter  -  166 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      559 13 !S3 <$21 M II ne to MriiK, dia m<i eaMa Discover a whole new experience TAKE FIVE US mm A sf k tr* r. Relax over the finest drinks Savour the most tender juicy succulent steaks Enjoy stunning performances by top local international artistes Business Hours Mon Thur: 12pm to
      559 words
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      Page 13 Advertisements Column 2
      139 13 4^ Food Room Package rrc HH V kX'Wf slfc W: S S Deluxe Single/ double occupancy s s66 Mwl|k«MlHpHM«l 9taalaaMabrMk from your haavy hflnnawW tHIW MU ac*Mduta or iuM up and 10* ma Ctmv S* >u nn r 000* <* Our luxuoout room. UC*nMC«cH 5.0g»0w«0922 T« *****22 Tain RS *****
      139 words
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  • RAW MATERIALS
    • Article
      Lock icon World sugar stocks expected to fall in 1986/87
      329 14 AFP WORLD SUGAR STOCKS are expected to fall by a total of 6.6 million tonnes during 1986 and 1967, London traders, C Czarnikow said in their latest market review. This total is 0.1 million tonnes higher than their previous estimate in August
      AFP  -  329 words
    • Article
      OIL & PRODUCTS
      92 14 OIL PRODUCTS THE FAR EAST products market was quiet and largely unchanged as traders digested Opec's tentative moves towards price fixing. Low sulphur waxy residue prices firmed slightly on Japanese demand while naphtha eased slightly. Closing prices for crude (fob origin) US$/barrel Change Dubai (Dk) 14.15 0.20 WT1, West Texas
      92 words
    • Article
      PALM OIL
      210 14 MALAYSIAN CRUDE palm oil prices closed lower yesterday on short selling and buyer reserve, in sympathy with easiness in palm oil futures and a weaker Chicago soyoil futures close last week, dealers said. Trading was thin with most operators sidelined in the absence of fresh factors. Nov deliveries
      210 words
    • Article
      RUBBER
      283 14 SINGAPORE The market closed lower with December One RSS buyers quoted at 180.00 cents/kilo, down two cents from last Friday. The morning session lost two cents on long liquidation and stop-loss selling in moderate trading. Prices were little changed in quiet afternoon trading due to lack of interest. Trading
      283 words
    • Article
      Tin price at eight-month high
      122 14 THE PRICE OF TIN on the Kuala Lumpur Tin Market yesterday rose seven cents to a new eightmonth high of M 515.94 per kilo. Dealers said the rise was aided by strong buying mainly from Europe reflecting a firmer European free market while local interest
      122 words
    • Article
      RICE
      66 14 Bangkok (USS/tom. FOB) White Rice 100% 1* dots 255 100% 2nd dot* 220 100% 3rd don 215 5% 205 10% 200 15% 195 20% 185 2.5% 175 35% 175 Broken Rice A-1 Super 128 A-1 Special 125 C-l Special wiq C-1 Ord unq loonzain Rice 100% 1 at grade
      66 words
    • Article
      LONDON MARKETS
      464 14 COFFEE Robusta futures recovered from yesterday morning's initial fresh three-month lows on mostly jobber and commission house buying, ending unchanged to £10 higher. However, conditions were nervous, with many participants reluctant to get involved in the market due to recent erratic price moves and the general confusion over
      464 words
    • Article
      Produce exchange
      132 14 Chinese Produce Exchange •obMta 20/25% FOt NSW 535.00 Seien' noon cMng pri Nov 17 (SS/100 kg). Coconut oil om an Nutmog no FOt nsw IWF FOt NSW 1405j00 1289.00 It* FOt OM drum FOt New drum FOt 66.00 76.00 86.00 Gombior FOt NSW Copra Mixed (Ioom) 33 bvym
      132 words
    • Article
      RAS and MRELB
      296 14 RAS prices msc •nta/k* FO a m tMiM 1 NOON aosE Bwyon 5tliin fcuyore Solon Inr 1 RSS Prompt 180.50 181 JON 180.00 181.00N Int 1 RSS Doc 66 180.50 181.00 1804)0 180 JO bit 1 RSS ion 87 179 JO 180.00 1794)0 179 JO Int 2
      296 words
    • Article
      SSR and SMR
      86 14 (c*nts/kg, l-»on poltetil JAN 87 (currant month) (forwor d month) NOON NOON RAS *iiHiri bytn Saltan SSI 20 169-50 171 JON 170 JO 172JON SSI 50 MRELE 166 JO K 168JON SdWri 167 JO 169 JON Sflm SMI CV w ftrytn 282.50 284J0N 283J0 285 JON SMI
      86 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      2904 14 NOTICES COMPANIES ACT, CAP ltt AND :M 11 lil vki PTE LTD At an Extraordinary General Meeting of the Company duly convened and held at 1 Colombo Court #04-00 Singapore 0617 on the 12th November IMS, the following Special Resolution was duly passed. RESOLVED that the Company be wound up
      2,904 words
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  • SHARE INFORMATION
    • Article, Illustration
      Afternoon buying trims market's morning losses
      4070 15 FOR THE third consecutive session, share prices eased on the Singapore stock market yesterday as nervous investors continued to liquidate their holdings. But support at lower levels managed to stem the losses chalked up in morning trading. Major indices, as a result, finished marginally
      4,070 words
    • Article
      Chief price changes
      258 15 SINGAPORE Rises IimMCM Nw 17 77*93 *****131 -444 -6669 10*1*7 MI.96 2060.46 SUM 44*J6 2*5.92 2001.23 314.99 Goodwood fori Sri HortoMot Mm to* Ml MX A f 1 luwdwnriii H 30* MTC 7* Em SO« S t M Sporo Land KIM SOt ICI 1130 69 460 250
      258 words
    • Article
      Business done on the SES
      3343 15 810 and otter price» officially listed end business in end reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In tots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word ••SETT".
      3,343 words
    • Article
      COMPANY MEETINGS
      274 15 UAC Bertwd: 23rd AGM at No 9 Jalan SS13/4, Subang Jaya, ***** Petaling Jaya today at noon. HUME INDUSTRIES (MALAYSIA) Berhad: 27th AGM at the Conference Room, 14th Floor, Bangunan Hong Leong, 117 Jalan Bandar, ***** Kuala Lumpur, tomorrow at 11.20am. BOUSTEAD HOLDINGS Berhad: 25th AGM at Wisma
      274 words
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  • COMPANY NEWS
    • Article
      Lock icon Maybank warns rumour-mongers
      501 16 NST MALAYAN BANKING Bhd's outgoing chief executive. Wan Azmi, has warned that the bank will come down hard on the rumourmongers responsible for the "adverse and malicious" rumours that have plagued the bank in the past few months. Speaking to reporters after the bank s annual and
      NST  -  501 words
    • Article
      Business done on the KLSE
      2194 16 BID and off«r prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of sharss traded shown in brackets in lots of 1.000 units unless otherwise specified INDUSTRIALS tana I —l 002 SI AJax t«g I—l 1458
      2,194 words
    • Article
      Lock icon Tractors looks forward to better times in heavy equipment industry
      314 16 MBT TRACTORS MALAYSIA, the heavy equipment subsidiary of the Sime Darby group which deals in Caterpillar tractors, expects more business opportunities for the company now and in 1987. It is als<f considering exporting reconditioned tractors. Finance director Zahar Mohd Sheriff
      MBT  -  314 words
    • Article
      KL shares fall across the board
      472 16 NERVOUS investors swamped the trading floor and unloaded their holdings on the Kuala Lumpur stock market yesterday, sharply depressing the prices ot selected stocks. The market closed lower in listless trading although most shares were off their lowest levels due to some late bargain
      472 words
    • Article
      Selected indices
      106 16 HONGKONG All Industrials 2104.1 2152.2 2212.3 *****9 1867 20 1886 53 Hongkong Index Monday 1424.36 Friday *****4 Week ogo 1396 48 Hang Seng Index Monday 2242.89 Friday *****3 Week ago 2206.76 Monday Friday Week ogo NEW YORK Dow Jones Friday Thursday Week ogo TOKYO Nikkei Average Monday *****.15
      106 words
    • Article
      Unit trusts
      224 16 Managers' prices for Nov 18 MARA-Bumiputra First 6'putro 5.19 524 Sacond B'putro 475 4 JO Singapore Unit Trust Third B'putro Fourlti B'putro 171 4 18 374 423 TK« CotMMTC* 090 097 Fifth B'putro 2.71 274 Th* Savings Fund 0J2 S'por* frog Fund 0.34 OA 0.36 Sixth B'putro Sananth
      224 words
    • Article
      Lock icon From predator to prey
      605 17 Mm mm™ By HOCK LOCK SIEW EXCO INTERNATIONAL, the UK-based financial services group which has been seeking a major acquisition for over a year, is itself being hunted by potential predators. According to latest reports from London, several banks from continental Europe are said to have
      By HOCK LOCK SIEW  -  605 words
    • Article
      Lock icon Curb on bank stake in London brokers lifted
      299 17 Reuter THE BANK of England has decided to abolish with immediate effect a rule restricting the ownership of foreign exchange and currency deposit brokers by banks or other principals in these markets. In a letter sent last Friday to members of the
      Reuter  -  299 words
    • Article
      Innovest making plans to float engineering arm
      460 17  -  Either Hart Engineering or new subsidiary tipped for listing By AMY CHEOK INNOVEST BHD, the Malaysian group with interests in food and engineering, is planning to list its fast-moving engineering arm in Singapore. According to sources, Innovest is aiming to list a company,
      460 words
    • Article
      Bonvests raises stake in Burger King
      345 17 BONVESTS HOLDINGS Ltd has acquired a further 40 per cent stake in Bon-food Pte Ltd, bringing its stake in the franchise for Burger King to 90 per cent. The latest purchase by prop-erty-based Bonvests, agreed on on Nov 14, dilutes further the stake held
      345 words
    • Article, Illustration
      Wong heads Ming Court
      102 17 MINQ COURT Hotel Ltd. controlled by Malayan United Industries Bhd, has appointed Wong Aun Phui as chairman. Ming Court, which has been without a chairman since Ong Leng Chuan passed away in 1865, said Mr Wong assumed his post on Nov 15. Mr Wong is a
      102 words
    • Article
      COMPANY BRIEFS
      102 17 RIVERVIEW Rubber Estatee Bhd's directors have declared an interim dividend of 10 per cent, less tax, for the year ending Dec 31, 1986. This will be paid on Dec 23 to shareholders registered with the company at the close of business on Dec 8. The register will be
      102 words
    • Article
      DIVIDENDS ANNOUNCED
      826 17 Cud Ex Books om ToM tor Totol tor piyK Mo ctoee poyobio •lO foor to* yoor AIN 13%%l Aug 19 NYA NYA 13*% 27% A 1 S 5%W Dk 5 Ok 17 DK 23 5% 10% A Enterprises 3%l Nov II Nov 21 Ok 10 3% 22% Amol
      826 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      102 16 THE NEW ENCYCLOPAEDIA BRUANNICA outmodes all other encyclopaedias through its unique and simple step-by-step 4-part learning system AND I H The 12-volume IST THERE IS IDE 2-VOLUME INDEX wKm The 12-vohsne READY REFERENCE ...hr fufafc, bmmc iad» WSS »ag "SSS w w w. JL 2LJLJL r A quality bookcase •World
      102 words
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      Page 16 Advertisements Column 2
      159 16 THE FEDERAL Right in the heart of the city. A fabulous place for a fabulous time. Upgraded to Deluxe Room subject to availability Special Bonus: 1 complimentary night stay for every 6 nights within 6 months Welcome drink at Federal Club and Sapphire Discotheque $100 worth of vouchers for entertainment,
      159 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      334 17 NZBANK ASPIRANTS HIT FLOODED MARKET The doors are being thrown open to new banks in NZ in the latest wave of deregulation. However, Triple A reports how pre-licence jockeying has left margins wafer-thin. There will be casualties, and Triple A tells where those taking the plunge will find it tough.
      334 words
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      Page 17 Advertisements Column 2
      298 17 ORCHARDOHOTH, 442OrchardRoarf«?!■,■» n.p 092)Te1: 7>***** AMPLEPARKINGSPACE ftfaas "SIMPLY DELICIOUS" Whichever language you choose to describe our European Buffet Lunch, the meaning remains the same: simply delightful. From right across Europe, we bring you a veritable smorgasbord of flavours. Like Cream Soliferino, Navarin of Spring Lamb, Escalope of Veal Viennoise, Beef
      298 words
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  • Article, Illustration
    Managing director quits Standard Chartered Merchant Bank
    253 18  -  By AMY BALAN NG ENG LEONG, 35, Standard Chartered Merchant Bank Asia's first non-European managing director, has resigned to join Hongkong financial conglomerate group Sun Hung Kai. His resignation will take effect at the end of the month. Mr Ng, who took over
    253 words
  • Article, Illustration
    Lock icon Singapore single largest buyer of Swedish arms
    357 18  -  By MARTIN SOONG THE SINGLE largest customer for Swedish defence equipment last year was Singapore in spite of the temporary embargo on exports imposed in August. According to Swedish trade statistics, exports of Swedish weapons and ammunition to Singapore last year reached 334.7
    Source: Swedish Trade Statistics  -  357 words
  • Article
    Lock icon Tokyo wants carmakers to ease exports to EC
    523 18 Reuter JAPAN yesterday asked its carmakers to go easy on sales to European markets in 1987 in a bid to head off friction over a ballooning trade surplus. A Ministry of International Trade and Industry (Miti) official said in Tokyo that no
    Reuter  -  523 words
  • Article
    Lock icon Kidnap threatening Manila-Tokyo ties
    135 18 Reuter PHILIPPINE President Corazon Aquino's fragile government yesterday weathered a general strike that failed to paralyse Manila as promised, but headed for a crisis with Japan over the kidnap of a Japanese businessman. A Japanese diplomat told reporters that Tokyo wanted the abduction of Nobuyuki Wakaoji,
    Reuter  -  135 words
  • Article
    Lock icon KL urges S'pore to cancel Israeli visit
    175 18 AFP MALAYSIAN LEADERS yesterday urged Singapore to cancel a visit by Israeli President Chaim Herzog as Muslim youths burnt an effigy of Mr Herzog outside the Singapore High Commission in Kuala Lumpur. Wan Mokhtar Ahmad, the chief minister of Trengganu, and former premier
    AFP  -  175 words
  • Article
    Lock icon Moscow expects highest growth rate of decade to be recorded this year
    288 18 Reuter THE SOVIET UNION expects its highest economic growth rates of the 1980s this year, the country's chief planner said yesterday. Addressing a meeting of the Supreme Soviet (the nominal Parliament) in Moecow, Nikolai Talyzin said that industrial
    Reuter  -  288 words
  • Article
    Lock icon South Asian summit ends
    114 18 Reuter A TWO-DAY South Asian summit ended in Bsngslors, India, yesterday amidst rising hopes for an end to three years of bloodshed in Sri Lanka and an unexpected hardening of attitudes between India and Pakistan. Four rounds of talks between Sri Lankan President Junius Jayewardene and
    Reuter  -  114 words
  • Article
    Lock icon Comex gold
    92 18 Reuter COMEX GOLD FUTURES added to last Friday's losses on fresh selling yesterday morning in a technically weak market Gold for delivery in December lost US$3.BO at U*****.00 an ounce, standing at the lowest since late August. Analysts said chart trackers were getting out of long posi- tions
    Reuter  -  92 words
  • Article
    Lock icon Dow Jones lower
    74 18 Reuter WALL STREET recovered some of its composure yesterday after a sharp decline at the opening bell in response to last Friday's news that arbitrager Ivan Boesky had agreed to settle Securities and Exchange Commission charges of insider trading.^ The Dow Jones Industrials, which had fallen as
    Reuter  -  74 words
  • LATE FILE
    • Article
      Lock icon EC lifts curbs on financial trading
      75 18 AFP EC FINANCE MINISTERS have agreed to abolish internal reetrictione in three areas of financial trading. A communique released in Brussels yesterday said barriers on long-term credit and the buying of foreign shares by an EC resident would be dropped, including non-quot-ed shares. Restrictions
      AFP  -  75 words
    • Article
      Lock icon American mission gets an earful
      29 18 AP HONGKONG officials yesterday voiced their opposition to protectioniem during trade talks with a visiting 13-mem-ber US congressional team in the British colony. AP
      AP  -  29 words
    • Article
      Lock icon KL relaxes rules on visits to China
      61 18 Bernama MALAYSIA has relaxed travel conditions for local businessmen wanting to visit China for trade and economic purposes. Deputy Trade and Industry Minister Datuk Kok Wee Kiat yesterday said this was among several fol-iow-up moves taken to step up bilateral trade with China
      Bernama  -  61 words
    • Article
      Lock icon Workers loot Chinese factory
      42 18 Reuter LOOTING STAFF stripped a Chinese factory bare when they thought it was about to go out of business. An official local newspaper yesterday said the factory in Zhejiang province lost US$4O,OOO worth of stopk and equipment Reuter
      Reuter  -  42 words
    • Article
      Lock icon Hayden draws the line for media
      48 18 Reuter AUSTRALIAN Foreign Minister Bill Hayden yesterday said the country's media should manage their relationship with Indonesia without sxpecting government involvement. He was commenting in Sydney on Indonesia's refusal to renew the visa of the only Australian journalist still in Jakarta. Reuter
      Reuter  -  48 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      107 18 M I*. c :g **&wm t m* t&mwrmm fi ji Season of the Hunt r t Since time immemorial, the hunt has been an exciting sport in Europe. This event culminates in a feast where the prizes of the hunt are proudly served. The Baron's Table presents a rare gourmet
      107 words
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      Page 18 Advertisements Column 2
      212 18 fI y m Sfir 4 MSM& o < L 9 9 «K T 1 > uaji» <*" -jv 3* !Vy A >* The experience begins with a special welcome bouquet. This is an appreciation of how much we enjoy having you with us. During your stay, you'll notice the little
      212 words
  • Page 18 Miscellaneous
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  • SHIPPING TIMES
    • Article
      Fourteen sea cadets to get SMEF awards
      291 19  -  By SHAHRIR ARIFF FOURTEEN National Cadet Corps (Sea) members will receive scholarship awards from the Singapore Maritime Employers Federation to sail with Esso Singapore, Maersk Company, and Neptune Shipmanagement Services during the school holidays. At a ceremony held in the NCC headquarters yesterday,
      291 words
    • Article
      HK shipmanagers offer services to banks
      374 19  -  By LINDA CHEE In Hongkong SHIPMANAGEMENT companies in Hongkong have broadened the scope of their services by offering full shipowning services to banks which seize vessels to protect their loan portfolios. Talking about one of the fastest growing sectors in Hongkong's shipping industry, Mr
      374 words
    • Article
      Lock icon Mitsubishi denies plans to cut workforce
      182 19 Reuter MITSUBISHI Heavy Industries Ltd has been studying measures to cope with slowing plant and ship orders, but denied the company plans to drastically reduce its workforce, a company official said. "We have been considering measures to deal with the strong yen, but no
      Reuter  -  182 words
    • Article
      Lock icon Sea Containers foresees severance payment loss
      162 19 Reuter SEA CONTAINERS Ltd says it will have a considerable fourth quarter loss due to severance payments which will be reported during the period. In a statement released in New York, the Bermuda-based company said about 500 jobs had been eliminated by its Channel
      Reuter  -  162 words
    • PORTSIDES
      • Article
        Lock icon Two die in ship accident
        74 19 AP TWO SAILORS died but 21 others were rescued yesterday when the 9,078-ton Lebanese freighter Hymetus began sinking about 240 km south-east of Hongkong. A Hongkong Marine Department spokesman said the Hymetus had a crew of 23, all Greek and Filipino. He said in a
        AP  -  74 words
      • Article
        Lock icon CPC invites charter offers
        53 19 Reuter STATE-OWNED Ceylon Petroleum Corp has invited offers to provide a tanker for charter for one year from next February to carry crude oil and petroleum products in parcels of 30,000 long tons. CPC said in a statement that offers should reach it on or before
        Reuter  -  53 words
      • Article
        Meeting on Hanjin postponed
        131 19 AN OWNERS' MEETING convened to discuss the resignation of Hanjin Container Lines from the Asia North America Rate Agreement (Anera) has been deferred to tomorrow. The South Korean line resigned on Nov 5 and this would take effect on Jan 4. In another development Anera said
        131 words
    • Article
      LONDON FREIGHTS
      1286 20 GRAIN, coal and iron ore chartering expanded on the London shipping freights market Friday at the end of a generally subdued week in which the rate tone for Panamax bulkers firmed slightly in the North Atlantic while the rest of the market registered little change. Unconfirmed reports that
      1,286 words
    • Article
      Lock icon Alsthom finds niche in cruise ship business
      1550 20 Alsthom's strategy of specialising in the construction of large luxury cruise liners has paid off. Alain Grill, head of the shipbuilding division, discusses the move into the cruise ship business and the group's diversification plans. FT ALAIN GRILL cuts a curious figure as
      FT  -  1,550 words
    • Article
      INDEX TO ADVERTISERS
      704 20 AB Shpg V 5 Key Trans-China VI 2 Accord Shpg VI 3 Kie Gwan VI 4 Alltrans VH 3 Kyowa line IV 1 Anro Service IV 2/3 I C Shpg V 1 ANl 1 '/2 lautan A man X 2 APC line V 4 lion Huat IV
      704 words
    • Article
      CONSORTIA
      177 21 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): Franco Belgian Services "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
      177 words
    • Article
      Lock icon Yugoslavia plans to start ships and crew register
      576 21 Lloyd's List A NEW "ships and crew" register could be established by Yugoslavia for foreign shipowners employing Yugoslav crew. The government is expected to sanction the scheme by the end of the month which allows overseas ships to be registered under the
      Lloyd's List  -  576 words
    • Article
      Lock icon US to resume sanitary checks on cruise ships next year
      574 21 NYT HALF A YEAR after dropping regular sanitary inspections of cruise ships, a US federal health agency has announced that the inspections will resume on Jan 1. The restored programme, however, will include self-inspection, a Changs sought by the cruise
      NYT  -  574 words
    • Article
      Lock icon TANKER RATES
      251 21 AFP REPORTS that Japanese charterers had concluded several fixtures out of the Gulf states area, and were seeking some 15 very large crude carriers (VLCC) in all contributed to a steadier trend on the tanker market last week. The fixtures, at between worldscale 24.5 and 27.5, were thought
      AFP  -  251 words
    • Article
      SHIPPING LIST where your ships are due...and when
      7233 26 QQfIBGXDIIB 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
      7,233 words
    • Article
      CONTAINER SCHEDULES
      706 27 t RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Arthur Ms Indi Courier Ned Houtmon B Kemuning Prabhokti Anson jenlink Hoog Pioneer Piya Bhum Krissa Tambang VIII Maersk Rondo Geroi Monkod Cecilie Ms 8613 10
      706 words
    • Article
      Who acts for whom ...
      1732 27 Who acts for whom The leading shipping lines operating from local ports and their agents A—6 A Top Enterprise* Pte Ltd Seme (S). AB Shipping Boustead Shpg Agencies Afee Line Africen Shpg Agencies (S). AhrenKiei Liner Kim Shpg (S) Alfred C Toepfer Oceenus Shipping Agencies (S) Multiport Sdn Bhd (PK).
      1,732 words
    • Article
      SHIPS IN PORT
      502 28 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrtvel Departure KEPPEL WHARVES 18.11/0600 Frotosingopore <35 Merlion alongside Hoti Senong <19 <ie Gwon alongside 18 11/0700 Krosico 1 <33 MTYSS alongside 18.11/23X Biotang Belait <25W SSPl 18.11/0600 19.11/0600 Eastern Glory <28 S'pore Shpg 18.11/0600 1811/2359 Kim Soon li <23 Thong
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  • Page 19 Advertisements
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      686 19 (li.iiiilhis WW/ OipiT Ovßgßtt Qmtum* lini NORTH AMERICA ATLANTIC FXPRFSS (ROUND-T« WORLD ROUTING) XPOPT ORBITAL FREEDOM 11 23/11 I 18/12 30/12 30/11 I 26/12 7/12 I 2/1 10/1 13/1 17/1 15/1 »CJ CONCOW «n UH CHION fl nc HI 10 SU SU SU SU SM ORENTN. FREEDOM 23/11 2 SM
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      72 19 may* ALSTHOM's strategy of specialising in the construction of large luxury cruise liners has paid off. Alain Grill, head of the shipbuilding division, discusses the move into the cruise ship business. Page II A NEW "ships and crew" register could be established by Yugoslavia for foreign shipowners employing Yugoslav crew.
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      615 19 BALT-ORIENT LINE Baltic SMppinf Co Rtfifer itnkm fm South East tab to Agont: Singapore Soviet Shipping Co Pto Ltd 535???? MAERSK LINE J/ V KEEP YOUR APPLES FRESH "comato: FASTEST TRANSIT tPOK W DAYS KELAIM 22 DAYS 16 23 DAYS Voy IS* por« EXPORT TO USA. EUROPE. EAST. WEST AHUCA
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      355 20 AVAILABLE FOR IMMEDIATE SALE 47 small new pontoons dim. 6.1 x 2.1 x 1.1 m (suitable for floating jetties) 1 Steel Flat-top Barge dim. 14 x 6.2 x 2 m (suitable for carrying fuel and water) 104 Steel Pipes 12 m length diameter 0.576 m with flanges. Some accessories e.g.
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      242 20 tMg MALAYSIA lON. BMO. TLX; ***** MTM ysS!l!i^ U Frt Booking contact Miss (ten kunope/fan east conventional service 'SL PT. of LOG. PT KLANG VEMM NOOON wane an SKncMftfM Further toad/ discharging ports an rout* subject to sufficient inducement. SdHipoi Aunt Goodrich Maritime Pte Ltd. Tel: *****36 Tbc RS *****
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      700 21 The Straits Steamship Group Mansfield Container Shipping Pte Ltd STRAITS SHPPING Singapore to Sabah, Sarawak, Brunai Porta and Bangkok Ovaraaaa Containars Limited SERVICE TQUK/COWTiPff: »aa Ua| Ita HW| H— Maa UHi 11 a/11 It/12 12/12 14/12 IS/12 17/12 2VU 27/11 U/12 11/12 21/12 2VU 21/12 M/ 12 K/12 M/ 12
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      749 21 NOTICE ATTENTION ALL SHFPERS!! Please Be Informed That We, SEA-FORTE MARINE UNDERWATER SERVICES PTE LTD Are The Appointed Sole-Operator/Agent of SCAMP® Hull Cleaning Systems Officially Licensed By Scamp Ltd, Gibraltar. SCAMP* UNDERWATER HULL CLEANING SYSTEMS serving the World's finest Fleets Bookings' Enquiries To rr m Sea-Forte Marine Underwater Services Pte
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      422 22 100 Years Liner Shipping Far East 1886-1986 TO CONTINENT/UK 19/11 21/11 M/ii a/ii EXPORTS TO EUROPE MED rtn 10/12 12/U 17/12 19/12 11/12 11/12 23/12 2V12 VI VI VI IVI 15/1 17/1 23/1 2VI 1/2 V 2 7/2 J/2 UK t N. b Mm utipfci cap Mr FROM N CONTINENT
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      603 22 FULLY CONTAINE RIS E D S E jn FUROPf VIA SUf RVI C E n ■im'i'iT" l Mpmh" n( lh' *cf Const*lium 1/17 9/1? 10/12 13/1? 10/12 15/12 If/12 17/12 20/12 72/12 22/12 23/12 27/12 (24/12)20/12 79/12 30/12 1/1 3/1 (/I MMINiRISin 11) (R M NiKUH At Si i'A.l CONVENTIONAL
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      240 22 ££L llui Sun //up Co (Pte) I tti rf L 220-1106 (20 Linos) TLX RS ***** RS 206/"2 t I\Sl|R\ \R I I\l R STRAITS/ JAPAN/ STRAITS SERVICE SPFCIAI IST IN RO-RO HFAVY lIF TS I at appropriat* Bwth P4-PS NOTE: ALSO CALL* OTfO JAPANESE PORTS, MORGKONC, TAINAN ft CHNESE
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      1227 22 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) no aw no OF TU) CO BUM) no gumit mi MX MA no LMKI tm MTta MKC IK U.C 21/11 23/U 25/U 27/11 21/11 1/12 7/12 9/12 11/12 11/12 14/12 It/12 11/12 17/12 21/12 23/12 25/12 23/12 27/12 29/12 31/12 31/12 4/1
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      915 23 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0 106 Tel: *****33 VESSEL MAJAPAMT OOWA KOTA MNGA FAR EAST CONTAINER SERVICE SIN JKT SSY SIN HKQ KAO *TCM WE BOS YOK KOS KES 4/13 t/11 t/12 11/11 15/11 19/12 It/12 It/12 at/12 22/12 25/12 2t/12 2t/12 >1/12
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      768 23 BENLINE CONTAINERS store PJUANC jion mm 19/11 M/ll 24/11 *7/ii 10/12 12/12 14/12 14/12 lt/12 14/12 11/12 21/12 21/12 22/12 11/1 13/1 19/1 21/1 25/1 27/1 JL ij -I 22/11 23/11 25/11 34/11 C/ 12 a/12 17/11 U/ll 19/11 21/11 23/11 114/12 li/12 25/11 27/11 27/11 29/11 1/12 121/12 21/12
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      279 23 :V l v if 1 DJASAGETRI A Joint Europe B«rvtoe Of;, r.x. uiMiTAura r.r. ksni um rx iwwtM win f.r. mm um m* v Jl* EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE STOK UM m wnm ntm im/ii 22/12 PMMNE U/m 44/12 2V12 2/1 GANM SAN* U/m 24/12 1/2 OCtM
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      298 23 BOUSTEAD SHIPPING AGENCIES 41 If HIOKYWA *21 H-m VIQ3W 17/ it 21/24 Bar BANK LINE V* NORTHBOUND TO UKC SPORE KMM HULL MX TAUSALA SAMOA VS 9/12 4/1 13/1 1/1 KMM (WON V 2 19/12 13/1 a/1 17/1 MOMVMM V2R 25/12 21/1 29/1 25/1 CLYDEBANK VIM 19/1 1/2 11/2 12/2
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      1299 24 K LINE KAWASAKI KISEN KAISHA. LTD.— EbUADM/PCRU/CHILE Ftfcow. Mono*si vm wis pne vm km su*y*}uic*lao uhc* iquqik utmn imcmiurmeo MOM *11 rw VS. is Nn nun 21 Nn 23 Nn 12Dk 2J» 10 tan 14 ta* CENTRAL AMERICA/CARIBBEAN SEA rdmre wno *a rue rw ra i« mtmuo *cmtco pt qunziucunu
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      391 24 EUROPE ft UK/CONTINENT SERVICE Accepting FCL/FCL CoavtMnf Mr Mnta. UrapaaL MMh*. Mbi law, Ueene Feed* PU«| >MW Law VtsM Madru FMm -cnmm- rx nan »hm i vcssa uo« ilia ■anarra vj iidk uok an» a Dae at* USA PACFIC/CANADA SERVICE *r.(NTS SIf*,APORI B lIIMABHOY t SON*! PI! I TO TH
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      770 24 GOLDEN LINE ftCG.tV GUAM SUM SHFfMG (PIE) LTD 23. W Ajar M W —H MM 01M m. MUM (M IMS) STRAITS/PERSIAN GULF SERVICE: s>« axon noma Rarad»/oa»ai/o*a*a/iiM«4 ON YM SMI Futaw 20/21 hm> 2R/22 Mm THE PEOPLE'S REPUBLIC Of CHMA pjomc ponm dejtmtwi H P®l 27/11 2/12 Spw ftvsdri 9vj*
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      366 24 INTRASCA tPTE) LTD. 10 Anson =27 16 Internat'O Singapore 0207 Tel *****1 l Lines' p i'/ w r/. v BREAKBULK SERVICE TO EUROPE/UK 'tpn P. Ua| Laadhf hrsm m/m/mfm/m mm ■SS«V« 71M7U ttSHI/2 PHI lIIRON SHIPPING AGfNCIfS Pit IW PHItl OWN! lINES PIP W r Hi n SIP I t
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      628 25 Spart Td lb OMct 271*77 NEPTUNE ORIENT LINES LTD NEFTUNE AGENCfS MI LTD. Ft EU/Mfil JH/JU (mm err noun trtmi mum imw 2212t22 *****03 *****42 OMCT UKS 27*110 270W10 27*111 KPUK SDN. MD. %nuu*sn*i/xmM/3unx KPIK SON. M *****71/*****34/*****35 POIM SON BHD 01SSM/C*****/C27CM/C27MI/C27CC2 urp Mw Om»M mt EMtoi»i.T*f fckp ■*>. WEEKLY
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      342 25 HEUNG-A SHIPPING Korean Flag Vessels 1 SEMI CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG. BUSAN. INCHON Hi. I Danjm tMN h lb 7 Dam/MM l! lb. 5 Donwi itm N* I Nr Dm«/(10N u I Dwan/MM N> 7 Dmm/lIM n TBI/110 a Hi Dwum tltH Hi Dmi/CUN U Smrrf Wvet
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      476 25 SNSOV SINGAPORE SOVCT SHPPMG CO PRIVATE LTD SMSOV BULDMG 55. Martiet Street Sinfipore 0104 T* *****33 (15 Um) TmM (Met: 22H241/2 Cable Address SMSOV SMGAPORE Totex Numbers RS ***** IB ***** RS 251N p. mm mm M/S SHARKAT MM SOON SON. M. IST MO 2ND FLOOR. K3MS NM TNONE SMPPMC
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      42 25 Mi /s///"v ta i v#/V/ m TKC VIA MM 121 GLOMUS MM lIW»W|IhUMi PJQMI Nmi S*i K2I bM 22/11 21/11 1/12 SMWMM MEBMH ft PIT T. TFTW CO. PTL LTD. 143. m »Mt 011-m m Mfei »n n« ra. umn a um>
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      411 26 fl REGIONAL CONTAINER LINES IQ23ESZII TO BANGKOK (4 SAILINGS A WEEK *SSEL Wt ISMGAPOtt In Pt Fri/Sat 19-21/11 Sat/Sw lEE3E Beeze IL'U I£TaJ!!I hi Jill kf.Ji 1! ll il t Ml M\ 1 MI F 'III! 1 11 EBB n rrTn m rm nni rm no rm En i 2
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  • Page 26 Miscellaneous
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      156 26 m Regional Weather <A 35 LL«£ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNINQ. LEGEND: c cT w Wind direction with speed m knots Wove height R Thunderstorm Temperature c A\ T7 Shower Weother Wmd direction with speed in knots Rom Cloudy Sky W.w Iwgh. Surfoce winds ore
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      279 27 3 y *****55/*****56/*****45/*****93 3(*****/4 TBMML 3US3SI/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 22SS6S/22U65/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE n"f rrTTT-in^rrTTTixTTTmtwrm n"7 "TTTinTTr T TiMrTiinwrTTi n irnrri rmrnm 1 M'IIiI'MHMI'MH'M 1 ■!11■! 11 ■!I^ 1 ALSO ACCEPT* FOR: ANTWERP, L. HARK, m, MEN. COPENHAGEN. OSLO ALSO ACCEPTVK FMM EUROPE: RIM. HAM. GOT. M. ANTWERP, OSLO.
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      220 27 MN CONTAINER LINE AUST/N2 SERVICE PJOJMS STORE STO Idfi 27/11 30/11 21/12 24/12 ALSO ACCEPTMG BOMBAY CAPETOWN 3t; LCI/Fa TO:DURBAN PORT LOUIS \i Bookings: MAC-NELS AGCNCIEB PTE. LTD. >Td; *****44 (20 UnBB) MAC-NELS (MALAYSIA) SDN BHD. P. Keteng T1: (03)*****78/*****07/*****77 MAC-NELS (PENANG) SDN BHD. Perwng T«i: (04) *****6. *****2 Scan
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      227 28 SENLIM SNIPPING PTE. LTD. 20-09, Tooo Em lldg, 101 C«cii St. S>or* 0106. T«t *****12/*****13/*****36 Tctoi: RS ***** WEEKLY/REGULAR SERVICE TO EAST MALAYSIA Sent Hfc( 19/20 Nov KucMnf/Si»/S«*ti/Bautxi( Sutra 24/2S No* Kucha*/ Slxi/Sjrkti/Bnatinc im WEEKLY SERVICE SINGAPORE TO KUCHING S>BU SARIKEt Lin Petaling II Lin Petaling ETTA 19.11.86 27.11 86
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      156 28 K&S LINE JAPAN STRAITS SERVICE STORE SM/K7O SM 24/11 a/11 29/11 rMMTI L«M FCML STAR ONWMD SOLDO stsHo mm COtM. STM hi Pt 19/11 2C/11 21/11 31/11 2/12 1/12 SANKYO LINE (S) PTE. LTD 143 Ocd Street xlO 04 GB S (M*f 0106 let .Vl9?y> Pwt Krljnf lifj Pxu Slapping
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      398 28 li r 1 JjWfl OSr >• Mitsci OS K Lines Ltd AL/SEMI-CONTAINER awi'ii Aii r w icum FULL CONTAINER SERVICES SEE MONDAY. WEDNESDAY. FRIDAY ADVERTISEMENT. EAST AFRICA NEDLLOYD MOJI 16 Nov MARIA BONITA 26 Nov CONTINENTAL PARTNER 7 Dec Mombasa. Daressalam Port Louis. Reunion Mombasa. Daressalam AFRICAS NO I d
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