The Business Times, 6 January 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 WEDNESDAY, JANUARY 6, 1988 75 CENTS
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  • 157 1 Overseas markets Tuesday HK Hang Seng lnd«x 2403.22 (+116.93) Tokyo Nikkei Average *****.28 358.24 Sydney All-Ordinaries 1309.2 (+11.7) Monday New York (Dow Jones) 2015.25 76.42 London (FT 30 Index) 1402.0 28.7) (noon: Exchange rates US5< 124.75/85 yon 1.6040/50 DM S$2.0120/30 £> US$1.8595/8605 M$i S$0.8017/24 Stmex (midday) Euro-$(Mar)
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  • 97 1 AP THE South Korean government plana to raiae about US$l.26 billion for an extra budget programme this year to carry out pledgee made by preaident-elect Roh Tae-Woo in hia election campaign, officials aaid in Seoul yesterday. Mr Rob promised the development of housing and rural
    AP  -  97 words
  • 499 1 ASIAN STOCK markets, inspired by strong overnight rsllies on Wall Street and London, a healthier US dollar and optimistic American economic news, entered the second day of trading of the New Year with a bang. This was in sharp contrast to the hesitant
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  • 57 1 Reuter WALL STRKT stocks yesterday continued to rally with blue chips leading the way. Traders said futures-related program buying helped the early gain, which they said was based on a climb in the dollar. The Dow 30 index jumped 50 to 2066 and gainers led declining issues
    Reuter  -  57 words
  • 310 1 THE US DOLLAR soared against the Japanese yen in Tokyo yesterday as the Bank of Japan intervened for the second straight day to support the battered American currency. The dollar continued to move up sharply at the opening of the major European
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  • 49 1 AP SHARE PRICES on the London Stock Exchange opened sharply higher yesterday and continued rising on the strength of a steadier dollar and gains on the New York and Tokyo markets. The Financial Times-Stock Exchange 100 Index was up 31.2 points at 1,778.7 at the opening. AP
    AP  -  49 words
  • 159 1 Reuter FOREIGN investment in Malsysia is soaring snd the government has pledged to stresmline its policies to maintain the inflow of funds, Trsde snd industry Minister Oatin Paduka Rafidah Aziz said yesterday. "Latest ststistics show thst the upward trend of foreign investment wss well sustained
    Reuter  -  159 words
  • 456 1 Reuter SPECULATION that Japan s Prime Minister Noboru Takeshita will strike a deal next week in Washington to stabilise currencies is mounting, although government officials said nothing along those lines has been planned. Finance Minister Kiichi Miyazawa told reporters yesterday Mr Takeshita and Preaident
    Reuter  -  456 words
  • 476 1  - F N revises cost of Tuas plant sharply upwards I MMiAhT-g PLANS TO INSTALL BETIIFHKnPMOiT MAIN CAUSE By TONG SUIT CHEE SOFT DRINKS bottler Fraser Neave has revised the cost of setting up its Tuas plant sharply upwards to $80 million compared with $50 million previously. The higher cost is
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  • 458 1 TWO MAJOR soft drink manufacturers say their prices are not likely to go down despite the lifting of import duty on raw and refined sugar. Mr Edward Lim, general manager of Fraser Neave (Singapore) Pte Ltd, said the savings from cheaper sugar
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  • 91 1 MOST AGENCIES will end this year in the black, thanks to a recovering economy, better management and optimistic clients. Agency heads were pleased with last year's performance but cautious about the Year of the Dragon. In Advertising A Marketing on Page 9 is BT's 1967 list
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  • 109 1 AFP TAIWAN'S Board of Foreign Trade director general Vincent Siew ssid yesterday that his country wanted to rejoin the international Monetary Fund (IMF) from which it withdrew in 1980 when mainland China was admitted. Mr Siew said in a report to the National Assembly that
    AFP  -  109 words
  • Page 1 Advertisements
    • 194 1 bro u > ;t o ~it Si" MP 74.<-8000. A HELPING HAND FOR HOME BUYERS §Once you've found your dream home, the next thing you have to look for is a good housing loan. Look to International Bank of Singapore. At IBS, our housing loan scheme is designed to make
      194 words
    • 277 1 Full report, Pag* 14 Regional marfctd, Pag* 16 World marfcata, Paga 17 mmm MORE VIEWS are being sought by the Singapore Society of Accountants on the merits and demerits of rotating auditors of publicly-listed companies. HOME NEWS, Page 2 C K TANG Ltd has formed a wholly-owned subsidiary, Gamut Trading,
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    • 353 1 HEW AGE COPIERS Convenient, reliable feature-pached Sole Agent WEI TAH CO PTE LTD TEL: *****51 BT Top 100 THE STOCK MARKET crash has had lass impact on BT's ranking of the Top 100 companies by shareholders' funds. Rather, the ranking reflects the economic recovery that began in mid-1986 and continued
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  • HOME NEWS
    • 409 2  -  Special committee surveying fund managers as well as bankers By AMY BALAN MORE VIEWS are being sought by the Singapore Society of Accountants on the merits and demerits of rotating auditors of publicly-listed companies. Although a special committee appointed by the society
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    • 738 2  -  Trade ■> --fcy /y* pi By BOEY KIT YIN AFTER LANGUISHING for two yeara, Singapore's exports perked up in 1967. The year ended with total trsde looking likely to have jumped 20 per cent to a record $125 billion. In volume terms, growth was sn
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    • 566 2  -  By ANNA TlO WHILE McDonald's ha* bean planting its goldan arches over the big screens, arch-rival Burger King appears to be drawn to the industrial wrest. By next month, Jurong will be home to the Whopper at three places. Burger King opened
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    • 286 2 NOW DOWN TO one outlet, burger chain Hardee's future in Singapore is again in limbo. Franchise holder Mulpha Singapore closed down the International Building outlet last month, leaving the sole survivor at Holland Village. With control of Mulpha now in the hands of new
      286 words
    • 202 2 THE COMMUNITY CHEST, having collected $10.5 million last year, will distribute $8.5 million this year to 27 charities and two projects. This is $1.4 million more than the amount distributed in 1987. A new charity and a second project have been added to
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    • 259 2 LOANS to professional and private individuals tell by $268 million last October to $4.84 billion, reflecting the downturn in the stock market, noted the Monetary Authority of Singapore in its latest statistical bulletin. This was the second consecutive decline after showing substantial growth for the
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    • 840 3 and i Courses 1 c EG Cahners Tel Exposition Tlx: Group Fax: *****13 RS ***** *****66 S Jon 15 Employer-Employee 1 National M r«tl nnnl noTionoi *****66 (commenceCommunication Through F roductivity Productivity ment dote) In-House Publications I toard Board Jon 16 and Telephone Technique* s IM Conference Singapore
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    • 364 3 THE MASS RAPID TRANSIT system will have a stabilising effect on property values, according to the Real Estate Developers' Association of Singapore. The system, said the association in the latest issue of its newsletter, would reduce the disparity in attractiveness between the
      364 words
    • 502 3  -  By MONICA GWEE C K TANG Ltd has formed a wholly-owned subsidiary, Gamut Trading, that will specialise in fashion and luxury goods trading. Gamut came into operation on Jan 1 with two brands under its wing the British leather accessories and
      502 words
  • Page 2 Advertisements
    • 135 2 >ts 7"~«r t '"f. j >r*v.' V- 4 p* 'r -4 BST ■*5 •i 4 *1 v r i» •-WI •< »E worries with Us ir ■> ♦»v® Container Trucking.... Conventional Trucking Warehousing Local Distribution Shipping Documentation Custom Clearance Freight Forwarding Cargo Consolidation and Deconsolidation.... Container Storage Container Repairs NVOCC
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  • Page 3 Advertisements
    • 142 3 MONT BLANC THE AR T O F WRIT IN (j jf f// mammmm.. I m ft t Ya r y <n» tmsstfr* m MONTBLANC THE ART OF WRITING -MEISTERSTUCK" —the pride of the MONTBLANC Collection—is probably the most famous writing instrument of our times. Representing the best in design, it
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  • ASIA-PACIFIC
    • 492 4 Vital for investment portfolio, say 58pc UPI JAPANESE institutional investors, known for their conservatism, favour real estate as their top investment vehicle in the US. According to a recent survey of 45 leading Japanese institutional investors, 58 per cent said US real estate was
      UPI  -  492 words
    • 69 4 AFP JAPAN'S foreign exchange reserves reached US$Bl.4 billion at the end of December, U553.43 billion up from November and almost double their level in December 1986, the Finance Ministry said yesterday. Japan's reserves jumped U5539.16 billion during 1987 as the Bank of Japan intervened massively in
      AFP  -  69 words
    • 234 4 AP SOUTH KOREAN and US negotiators failed to resolve a threatening crisis in their trade relations but decided to keep talking, US officials said yesterday. The central bank, in an analysis of the Korean and world economies, said the Korean growth rate
      AP  -  234 words
    • 262 4 AP SOUTH Korean and US negotiators failed to resolve a threatening crisis in their trade relations but decided to keep talking, US officials said yesterday. A two-hour meeting on Monday between US Trade Representative Clayton Yeutter and South Korean Deputy Prime Minister
      AP  -  262 words
    • 262 4 Reuter AUSTRALIA plans a referendum to change its 86-year-old constitution, including curbs on the power of head of state Queen Elizabeth, Labour government officials said yesterday. Attorney General Lionel Bowen was expected to unveil the proposed changes in Parliament by May and push for
      Reuter  -  262 words
    • 215 4 Bernama ES THE WORLD BANK says that the Federal Land Development Authority (Felda) of Malaysia is one of the most successful land organisations in the world. The bank attributed Felda's success to the authority's ability to combine the efficiency of the private sector with the public
      Bernama ES  -  215 words
  • Page 4 Advertisements
    • 30 4 THE BMW 730 i HAS ARRIVED. (AN EVENT THAT'S OF LITTLE CONSEQUENCE UNLESS YOU,TOO, HAVE ARRIVED.) /k f m <■* r. f or, rno(je j tn S'ngapoce TNI ULTIMATE DRIVING MACHME
      30 words
  • Page 4 Miscellaneous
    • 78 4 Doonesbury NOT BAD, SENATOR! I THINK YOt/VB- STRUCK A NERVE HERE. A LOTOF PEOPLE UKEME ARB FED UP WITH THE MEMS INTRUDING INTO PEOPL&S PRIVATE UVBS! a m M. NvC i—a BY GARRY TRUDEAU MY ONLY PROBLEM IS FINDING THE TIME TO GET YOUR MESSAGE OUT. I'M A SMALL-BUSINESS MAN,
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    • 47 4 A v// m V//// Singapore OUTLOOK: Wtatfy wNh •howora In several ■•port foe 24 hours prior to 7.30pm on Jan 5 at tfw San Wee San Juan Soo Paulo Seoul 22/05 Ooor 25/21 Oier -3/-9 Cloudy Sy4»y Toipoi Tol Avtv Tokyo Toronto Vancouver Vlonno Warsaw W i
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  • REST OF THE WORLD
    • 448 5 UPI AFRICA showed few signs of recovery from its economic ills in 1987, a year marked by more drought, stagnation of production and an unbearable debt burden, a United Nations official said in Addis Ababa on Monday. UN Undersecretary-General Adebayo Adedeji, who
      UPI  -  448 words
    • 858 5 ARRIVALS Operator OA SiA UA SIA SIA MAS KAL SIA MAS MAS SIA CPA QAl MA G4A SU us SIA THAI SU SU GU MAS SAS GU SU CAL SU GU SU SU SU KLM SU GU THAI CPA MAS MAS MAS THAI A! SU SU atiot
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    • 623 5 Analysts rule out recession Reuter EUROPEAN INDUSTRY is bracing itself for big squeeze in 1988 as each new dollar low makes imports from the US cheaper and export markets tougher. No one knows how much or how soon this bear hug will hurt. But with
      Reuter  -  623 words
    • 181 5 AFP THE French state railway, SNCF, wants development and construction of future super-fast trains from France to Belgium, West Germany and eventually Britain to be entrusted to an Air-bus-style European consortium, Le Monde newspaper reported on Monday. "What we need is a shared concept
      AFP  -  181 words
    • 236 5 AFP ELEVENTH-HOUR wrangling over passage of the 1988 federal budget last year forced the US Reagan administration to miss the legal deadline on Monday for submitting the 1969 fiscal budget, a top administration official said. "I do not see any way to prepare
      AFP  -  236 words
    • 305 5 FT THE ISRAELI CABINET approval of a 47.8 billion shekel (about U5529.9 billion) budget for 1968/89, by an overwhelming majority, haa served to atrengthen further larael'a already popular Finance Miniater, Moehe Niasim. Regarded as a particular achievement was Mr Nissim's ability to puah through moat
      FT  -  305 words
    • 173 5 Reuter OTTO SCHLECHT. State Secretary at the West German Economics Ministry, denied press reports of a rift over the government's economic policy between his minister and Chancellor Helmut Kohl. Mr Schlecht was reacting in a statement to reports following a weekend radio interview
      Reuter  -  173 words
  • Page 5 Advertisements
    • 62 5 T M I I \j\ I The business person's choice, every I I II %I I II II I Tuesdoy. Thursdoy. Saturday and Sunday. I M m\ I Jl II \l Leaving Changi Airport at 22:05 I iv yj_ V yJ_ 1 hours and arriving Heathrow early the following morning.
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    • 125 5 Is Number One! v ck»e to MAS Buikiing and Treasury Building. Direct access to East Coast P>rWixi/ r or* way. *»,*>».Wi •v Ckasic identity-clad in rich Carmen Red granite far permanent beauty and prestige. Extra quality finldMS a grand 4-storey high granite-dad atrium. Supertor workmanship throughout the building. reduce your
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  • MONEY AND EXCHANGES
    • 258 6 ASIAN DOLLAR deposit rates yesterday closed steady at slightly lower opening levels in quiet afternoon trading. Term rates eased between 1/16 and 1/8 point at the outset following a marginal rise in US bond prices and the Fed's addition of funds via US$l.5 billion of customer repurchase
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    • 935 6 CURRENCY FUTURES OPTIONS Tuesday, January 5 1987 OCUT8CHEMARK (SIMEX) JmNcMi Jm N pud Wffi Low M Mfh Lm Mi 56 CAB 57 562 CAB 58 462 CAB 59 362 CAB 60 266A 261 1 61 I70A 165 4 62 130 MA 84 171 19 63 42 27 27 608
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    • 154 6 Gold futures on Jan 4 100 troy ounces. USS per troy 01 moa OPM High Low llMl Jon 479.20 479.20 479.20 47*10 -*.10 Fab 464.00 414-50 47V JO 4*OJO -8 40 Mar 4*3.10 J JO 490.90 490 90 4*5.00 4*6J0 8 60 Jvn 496 00 496-40 491
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    • 551 6 MARCH Eurodollar yesterday opened 7 ticks lower at 92.45 as the strong rally in US stocks and steep rise in crude oil limited the advances in Eurodollar futures and US bonds. The rally in Wall Street made US stocks more attractive than US bonds. Eurodollar futures however, firmed from
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    • 903 6 Reuter SINGAPORE: THE US dollar yesterday closed sharply higher against major currencies mainly on short-covering interest and speculative buying, in moderately active trading. The short-covering was linked to fears of further concerted central bank intervention after the US Federal Reserve, the Bundesbank and the Swiss National Bank came
      Reuter  -  903 words
    • 84 6 Treasury bills Period Issue Yesterday's dosing Day's cod* Maturity MO OffW MGH LOW 3 ww>mh» B*****2N 31.3.88 2.63 2.58 2.80 2.60 6 rnowtfn BY*****S 30.6.88 2.90 2.85 3.05 2.80 1 y*or BY*****T 24.11.88 2.42 2.37 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's cod*
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    • 192 6 Indicates lit# iviriQi of Vm prtn># (•fxjirvfl rates of 12 ma|or banks In S'pora Interbank market rataa (offar/bld) on Jan 5 US$ DM SWFC Y«n 7 4myt 1 m*s 3 <•*> 13 Mk 7 l/U IS/U tl/U f/U 7 l/U IS/U 3/4 S/l 7 S/U 3/U f
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    • 59 6 THE OVERNIGHT rate on the Singapore interbank market fell point to close st 1% per cent yesterday. The one-month term rate fell while two and three months fell 1/16 each. S$ Interbank rates at 12 noor i yesterday: ora ND Owr- 1 1/4 l-IMMtl 3 2 7/9 3
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  • Page 6 Advertisements

  • BANKING AND FINANCE
    • 1149 7  -  By LEONG WEN WAH SPURRED by strong growth in the Singapore economy last year, banks aggressively courted the consumer, prompting a flurry of new and innovative housing loan and credit card programmes. The improved state of the property market did not go unnoticed by
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    • 323 7 NYT PRICE WATERHOUSE Co. the accounting firm, was expected to announce yesterday that it would not require its clients to write down the value of all their Mexican loans if they participate in a recently announced plan to exchange part of those
      NYT  -  323 words
    • 158 7 UPI THE COMMERCIAL lending rate of the Asian Development Bank dropped to 6.9 per cent per annum, the lowest since its formation in 1968, the bank said on Monday. The new rate has been in effect since Jan 1 and will remain until June
      UPI  -  158 words
    • 125 7 AP THE WORLD BANK announced on Monday it has reduced to 7.72 per cent for the first half of 1966 its variable repayment rate on regular loans to developing countries. The previous rate was 7.76 per cent. It was the 11th consecutive semi-annual reduction since
      AP  -  125 words
    • 142 7 Reuter THE NET increase in deposits at Japan's Postal Saving System (Yucho) fell to 585.8 billion yen in calendar 1987 from 2,036.6 billion in 1986 due to low interest rates, the Posts and Telecommunications Ministry said yesterday. Net assets totalled 116,082.8 billion
      Reuter  -  142 words
    • 355 7 THE BATTLE for consumers' dollars promises to be even hotter in the Year of the Dragon. Says Mr Amrish Thomas, marketing director/vice-president of Citibank consumer services group: "Essentially, the consumer banking business has become much more competitive, but it is a
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  • Page 7 Advertisements
    • 139 7 For the best in Sichuan and Seafood Dishes m "V.~ >N .>■ JA Fried Lobster with Dried Red Chilli S&lttitt Dragon City Sichuan Restaurant Dragon City Sichuan Restaurant is famous for its exquisite Sichuan Cuisine. Savour some of the marvellous delights from. R; fl our menu comprising of over 188
      139 words
    • 137 7 A concise briefing on Asia. Every week Now, once a week, you can receive a clear and concise briefing on Asia from The Economist. Because now it contains a new section devoted entirely to Asia and its impart on world affairs. Best of all, you don't have to wade through
      137 words

  • COMMODITIES
    • 432 8 Crude palm oil futures closed higher in moderately active trading on the KLCE yesterday. The market experienced strong buying interest. This was due to speculative buying on the floor from both commision and physical houses in expectation of lower CPO production figures. Spot month January added Msll4 to
      432 words
    • 82 8 THERE was a definite firming in the oil markets sparked off by a rally in New York. Traders found precise numbers difficult to pin down and several were sceptical of the stamina of the bull run. 0** MM tomm UWAnii IU0 Oai|» ♦0.10 wn 1770 Products (FOB
      82 words
    • 120 8 Reuter CONTINUED buying demand yesterday helped the Kuale Lumpur Tin Market prfee to gain enother two cents to MSI 7.11 e kg, deelere said. Offers were smell at the Mart as miners were spreedlng out their dlepoeal M beginning of the quota period In antlclpatlon of a higher
      Reuter  -  120 words
    • 228 8 Reuter NORWEGIAN state oil firm Statoil said on Monday it had struck probable gas reserves in the icy Barents Sea. which borders both Nato member Norway and the Soviet Union. Drilled by a mobile rig in the bleak darkness of Arctic winter nights,
      Reuter  -  228 words
    • 244 8 Chinese Product Exchange Sflin 1 noon cMiq prk m on Jon 5 (SS/100 kg) Coconut oil It* F08 104.00 Old drum FOS 1144)0 Now drum FO« 11 too Copra Mlxod (loo**) 51 Pepper /VNuntofc Mflort FO» NLW f 1187 JO jor aww WTWW FOi foq NtW 1172 JO
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    • 568 8 UPI. Reuter THE ORGANISATION of Petroleum Exporting Countries' oil production it declining dramatically as the cartel faces a real test in January to defend the US$lB a barrel official price, the United Arab Emirates oil minister said on Monday. "We are
      UPI.; Reuter  -  568 words
    • 237 8 Reuter SMQAPOftE THE RUBBER mart* yesterday closed higher with February 1 RSS buyer* quoted at 220.00 cents/kilo, up 1.25 cents from Monday's. dealers said. Dealers said the INRO Buffer Manager sold RSS one rubber and SMR 20 both at 227 Malaysian cents/kilo. MALAYSIA The Malaysian rubber market yesterday cloeed
      Reuter  -  237 words
    • 226 8 RAS prices *s< «nta/ko, FC lain Ma NOON CLOSf b* 1 RSS Prompt 221.75 222.75N owywri 223.00 224.00N ln» 1 RSS F«b M 218.75 219.25N 2204)0 220JON In# 1 RSS Mor 88 217.25 217.75 218-50 2194)0 b* 2 RSS Of 217.50 219 JO 218-50 220JO b» 3
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    • 75 8 (cant! Afe 1 -ton RAS SS8 30 SSI 50 MRELB pdMi) FEBRUARY U (currant month) NOON 22X00 225.00N 221 JO 223J0N MAJKX 88 (forward north) NOON 22X00 223.00N 221 JO 22 3JON l*rr*n Man SMI CV 277.00 279.00N 27X00 *****N SMI I 277.00 279.00N 27X00 2I0.00N SMI
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    • 135 8 Reuter MALAYSIA hes lowered the export dutiee on ground and unground white pepper to M 51,887.00 and M 51.737.00 a tonne reepectively. from M 52.130.32 and M 51.960.32 in December, effective Jan 2. The export duty on black pepper was cut to M 5787.01
      Reuter  -  135 words
    • 307 8 HONGKONG: GOLD yesterday cloeed lower affected by strong US dollar gains on global foreign exchange markets. Gold bullion settled at U*****.10/476.60 an ounce against an initial 477.60/478.10. On the local market, gold finished HKS6I lower st HK54.427 a tael from Monday's close. Local gold was traded at a
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    • 295 8 London Commodity Exchango dotftng prio Coiltt tosh in-ttor« London OF London m In i, toNon option Jon 1175/1176 (1160/1165) High/Low 117S/1159 Mor 1204/1205 (1116/1187 High/Low 1205/1186 Safe* (3956) Coco# Mar 1066/1067 (1048/1049) Ugh/Low 1072/1050 May 10M/1069 (1067/1068) H^i/Low 1090/1070 Saloi (2587 Suflir No 6 FO« (US$/ton no) Mar
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    • 107 8 AFP ITALIAN oil company AGIP signad an agraamant on Monday to prospect for offshore oil In Malaysian water*, a source at AQIP's parent company ENI said in Roma. AGIP, which expects to drill three wells in the next live years, will prospect a
      AFP  -  107 words
    • 250 8 Reuter INDONESIA'S natural rubbar exports roee slightly to 1.05 million tonnes, worth US$O25 million, in calendar 1967, and are expected to remain at about the same level in 1968, the chairman of the Indoneeian Rubber Association said. Exports were up from 958,677 tonnee, worth
      Reuter  -  250 words
    • 197 8 Reuter CBT WHEAT futures closed on Monday or near tha highs. up 4-3/4 to two US cants par bushel in moderately light trade. March eettlad at USS3.I4-1/4 after poeting a three cent range on the day. A below target wheat auction by the CCC laat week and the outlook
      Reuter  -  197 words
    • 246 8 Reuter CBT SOYBEAN futures rallied steadily from a mixed opening to close near the highs with gains of nine to 12 US cents per bushel in moderate trade on Monday. The cold snap across the Mid-West, which should increase domestic livestock feed demand, offset the negative impact of scattered
      Reuter  -  246 words
  • Page 8 Advertisements
    • 66 8 INTERNATIONAL BUILDING i PRIME OFFICE SPACE TO LET Hi IS Ufa 5* Check us out: B- Excellent location outside CBD and next to Orchard MRT station. E3' Ample parking space. [0* Competitive rental rates. £3" Unit size from 400 to ***** sq. ft. 0" Professional management team Come and be
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  • ADVERTISING & MARKETING
    • COPY LINES
      • 182 9 THE BODY SHOP International, a leading British cosmetic manufacturer and retailer, beat 3,500 companies to win the 1987 Business Enterprise Award. The annual award is presented by the Confederstion ot British Industry (CBI) to outstanding British companies. Sir David Nickson, president of CBI, said the
        182 words
      • 197 9 CAMUS has been awarded the Gold Medal and Cyril Ray Trophy for its Extra cognac which was judged top in the world at this year's International Wine Spirit Competition in London. A panel of judges comprising more than 40 of the world's wine and
        197 words
    • 670 9  -  By GENEVIEVE CUA IT'S "YES" to advertising condoms, but a number of manufacturers and distributors are treading the waters warily and studying closely the guidelines set by the Ministry of Health. Manufacturers and distributors contacted by BT lauded the government move to lift the
      670 words
    • 644 9 NYT IT APPEARS as if the demystification of advertising agencies in New York has been completed. Manufacturers ensconced on the unromantic side of business no longer look in awe at those who can do such miraculous things for a sales chart. For all
      NYT  -  644 words
    • 298 9 THE JMA Public Relations Group, operating in Hongkong, Tokyo, Singapore and Manila, will be acquired by the Moorgate Group PLC. The JMA Group was founded in Hongkong in 1978 by Jef Mann to provide a full range of public relations and communications services
      298 words
    • 55 9 LOOI BOON BENG, creative director at J Walter Thompson, has resigned from the agency. Looi joins Spencer, Kaslan Friends. JWT's former creative director, John Kyriakou who left to work in JWT Toronto, will replace Looi at the end of February. Kyriakou will wear two hats creative
      55 words
    • 773 9  -  By MONICA GWEE, GENEVIEVE CUA IT MAY NOT have been a spectacular time for all, but 1967 was the year the advertising industry returned to growth. With agencies reporting between 8 and 15 per cent growth over 1966's performance, many managers are breathing eaaier. BT's
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  • Page 9 Advertisements
    • 224 9 Powerful applications at a touch. ACTUAL SIZE Grasp in one hand the power of a versatile desktop computer The EPSON EHT Series handy terminals put the performance of a desktop computer in the palm of your hand, in a powerful, flexible and remarkably easy to use format that is adaptable
      224 words

  • PERSPECTIVE
    • 485 10 FINALLY, someone in the United States government has acknowledged that buying more from Asia's newly industrialising countries (NICs) is not necessarily a bad thing. US Commerce Secretary William Verity's comments in an interview with Newsweek magazine that the huge purchases of parts and components from Hongkong,
      485 words
    • 1316 10  -  If your idea of a seafarer is a roustabout who drinks like a fish and has a woman stashed in every port, then you'll be interested to know that you're not alone. JUNE LIM examines the many misconceptions that surround the trade and looks at
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    • 695 10 UPI THE HISTORIC AGREEMENT committing Canada and the Unitad Stataa to a freer and fairer trade relationship faces a tough teet in the months ahead as politicians in both nations consider its ramifications and decide its fate. Hammered out over the course of prolonged
      UPI  -  695 words
    • 1515 11  -  A possible fall in consumer spending means modest earnings for US companies this year, LOUIS UCHITELLE reports. In the accompanying article, ROBERT HERSHEY JR examines the implications of a shift to dependence on exports for growth. ROBERT HERSHEY JR LOUIS UCHITELLE NYT
      NYT  -  1,515 words
    • 776 11 NYT THE AMERICAN economy, long dominated by its free-spending consumers, is rapidly being transformed into one whose growth depends heavily on producing goods for foreign markets. This shift, which economists say has become clearly visible in the last several months, has far-reaching implications. In
      NYT  -  776 words
  • Page 10 Advertisements
    • 250 10 *ie* *o° a .ft* coW S* nxvc' o* 6 .•c** c*> 8 o 9^ V^\ f W t V You have a business to run, a busy schedule keep... SINGAPORE BUSINESS understands your commrtment to your work. So, instead of having to go out in the sweltering heat or get
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  • Page 10 Miscellaneous
    • 663 10 CRYPTIC PUZZLE ACROSS 1 Happen to be the chap in charge of a dog (5) 6 Slip along for the fieh (5) 9 Though excellent, it makes pa groan (7) 10 Jack's a disappointment (5) 11 Cilia's fresh colour (5) 12 Let in or let out (5) 13 They can
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  • Page 11 Miscellaneous
    • 1224 11 to em mm B 12 Wl Opening ond PfOQranm Simplicity. This wtik wt see how tht now simplicity is steering Htt course of fashion this foN. Wo obo moot four nodoin moston who Aon a single design Tho South Bank Show King loar (Soo highlights). Coming Attractions. Tho Cudwe Waltz.
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    • 33 11 BtoStcWrPttnlclkcfcerS You've Beejvi r uongt,™ POLONSTPSIPC, 1 I HEJS COmPoSifJG > HIS CHR/STTnRS nnejssp»G£ VJO TH€- rnPiMRG€.nne.NT r He oxj^ical^ EQUIVALENT OF 'SPYCATCHCI?' rve trlxing> to tHOmPSON, THE. RRPTS cßßtotee... fVHpfr-s H«5 Tnerne > this
      33 words

  • SPORTS & LEISURE
    • 442 12 Reuter JOHAN CRUYFF, the guiding light of Dutch football since the early *****, has resigned as manager of Ajax Amsterdam following differences over a new contract. Ajax chairman Ton Harmsen said on Monday. "I am disappointed. I've stood by him for two-and-a-half years. I've
      Reuter  -  442 words
    • 120 12 Reuter UNCAPPED fast bowler Paul Jarvis has two days to prove his fitness lor England's forthcoming cricket tour of New Zealand and Australia. The Yorkahire paceman returned early from the recent troubled tour of Pakistan with a badly infected right hand, which has been
      Reuter  -  120 words
    • 102 12 Reuter ENTREPRENEUR Paul Raymond, whoee business interests include girlie magazines, wants to buy English First Division soccer club Wstford from singer Elton John. He said in London on Monday that he would make a firm offer next week to buy John's £2 million holding in
      Reuter  -  102 words
    • 567 13 AP IT's been a good year lor Americans on the international figure skating scene. Now, they've turned their attention to the domestic front. The US figure skating championships, which began in Denver on Monday, will serve as the qualifying trials for next
      AP  -  567 words
    • 141 13 AP THE SOVIET Sports Minister says his country intends to take part in the Olympic Games in Seoul, and that a final decision is expected next week. Marat Gramov said in Frankfurt on Monday that the National Olympic Committee, which he heads, will meet
      AP  -  141 words
    • 434 13  -  By BRIAN MILLER DALE REID, the top moneyearner in last year's European Order of Merit, heads the list of entries for the Kosaido Aaahi Golf Singapore Ladies Open championship to be held at the Tanah Merah Country Club from Feb 10
      434 words
    • 254 13 AFP THE US, whose status in world golf has slumped alarmingly of late, received a welcome fillip yesterday with the announcement of changes to the world ranking system. The refinements, which principally involve the increase of tournament grading categories from
      AFP  -  254 words
    • 329 13 AP FINNISH rally driver Ari Vatanen in a Peugeot was the fastest finisher in the car category on Monday in the first African leg of the 10th annual race from Paris to Dakar. The Finnish driver conquered a difficult course over soft sands that hampered
      AP  -  329 words
    • 510 13 NYT TIME is precious these days as planners for the San Diego Yacht Club scurry to come up with an innovative boat design for its America s Cup defence against New Zealand. John Marshall, design coordinator for San Diego's
      NYT  -  510 words
  • Page 12 Advertisements
    • 747 12 ere Id wiae, aai 17 buffet selections daily, with limitless cups of tea and coffee. Try our nonya kuehs. ice-kachang, tau-suan, curry puffs, mini pizzas, noodles, pies. French pastries, ice- cream and fruits. If these sound good, theres more. Six local favourites, anything from chye tow kueh, pisang goreng and
      747 words
    • 274 12 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. MENUn includes braised shark's fin with chicken sauce, braised abalone with green vegetables and sweet sour garoupa. Price:
      274 words

  • Page 13 Advertisements

  • STOCK EXCHANGE OF SINGAPORE
    • 4268 14 A SPATE OF buying interest focused on selective blue chips and lowly-priced warrants pushed share prices sharply higher yesterday in very active trading. The rebound overnight on Wall Street, coupled with official forecasts that the Singapore economy could grow by 5 to 6
      4,268 words
    • 4181 14 ■MM A°^""CUL Aom 11.20 B 125 Si (SI 120 Ifl 1 18 0 I.lf Ml 1.17 a 120 is 123 (10 171 (13 122 Alcoa OA SI a 040 And Stool 50* II 431 144 SI 1120 I 35 (121 114 111 133 (341 136 an 137 lIS
      4,181 words
    • 192 14 SINGAPORE. RIms lndle I?4 DBS HJ +U WCi >i*i 737.03 71 mtmrnmm 545 ♦44 it oi/os 20B CarakM SO* 472 +42 rCAB -70*3 -4*45 CCUh 1390 +40 IT I0-4«TMA -7124 -70*1 M Irmrttt S90 +40 WO0V +*****43 *****03 SIM 71J +40 ST Hi.*!* 03X41 «7*.M OCBC MS
      192 words
    • 271 14 Manogeo' prices iapon Gr Fund 1.41 144 for Jan 6 Shonton Thrift Fund 040 040 Singapore Unit Trust UOB Management UniFund 080 040* Th* Coiwrc* 0.»J 0*7 Unibond 0 985 1 LOOS' Th* Savings Fund 07* OAS S'por* Prog Fund S'por* W fund 036 041 040 044 MARA-Bumiputra
      271 words

  • COMPANY NEWS
    • 479 15 n mm™ HOCK LOCK SIEW AFTER SIX MONTHS of silence and guessing, 46-year-old entrepreneur Allan Ng is again in the news, reviving market speculation about his deals relating to First Capital Corporation (formerly known as Sealion Hotels Ltd). One question that may be
      HOCK LOCK SIEW  -  479 words
    • 344 15 IT IS EXTREMELY difficult these days to pick winners in the stock market. Brokers will inevitably tell their clients to stick with blue chips SIA, DBS, Malayan Breweries, Singapore Press Holdings, to name a few. And if you want to play the speculatives, make sure you
      344 words
    • 132 15 FOR A MINUTE, we thought two foreign banks have taken over United Overseas Bank, one of the Big Four banks in Singapore. But on closer examination of a wire story yesterday headlined "BNP, Dresdner buy Bank America stake in UOB", it was not our local
      132 words
    • 713 15 mm Bernama ES THE KUALA LUMPUR stock market has an even chance of rallying further early in 1988 from its slump towards the end of 1987, the Malaysian Investors' Association (MIA) said. It says that several stocks are undervalued now.
      Bernama ES  -  713 words
    • 358 15 MBT MULTI-PURPOSE HOLDINGS has announced the appointment of former Secretary-General of the Malaysian Health Ministry. Tan Sri Wong Yoke Meng, as a director. His appointment marked the entry of yet another director who is not "borrowed" from Mr Robert Kuok Hock Nien's team.
      MBT  -  358 words
    • 426 15  -  By ELAINE KOH THE RESCUE SCHEME for coffee trader Teck Hock Co is likely to go ahead today with only one banker known to be voting against the company's debt restructuring proposal. Morgan Guaranty Trust Co of New York, whose debt is still
      426 words
    • 598 15  -  AG draws attention to areas of concern By ROSIE TAN ATTORNEY-GENERAL Tan Boon Teik has suggested that tighter controls and stricter policing could be the answer to fighting fraud in the securities market. "However, the control should not be so tight and
      598 words
    • 237 15 Bernama ES KAMPONG LANJUT Tin Dredging Bhd will strengthen its management first before undertaking any expansion plans, newly-appoint-ed chairman Datuk Shahbandar Shahari Hassan said yesterday. Speaking to reporters after the company's extraordinary general meeting in Kuala Lumpur, he said several expansion plans had
      Bernama ES  -  237 words
    • 172 15 Bernama ES STRAITS and Island General Insurance has emerged as one of the largest general insurance companies in Malaysia with a paid-up capital of M 514.3 million, following a recent restructuring exercise. The company, which specialises in fire, marine, personal accident and special risk
      Bernama ES  -  172 words
    • 606 15 Conor* Ex Books Oato Tot* tor Total tor poymom dot* ctooo poyaMo ■w yoar tool poor A 1 S 1 5%W OK IS ion 7 Fob 8 5% 5% 1 2%lol 8%TE AMDS '%w Fob 3 Fob 17 Mor 17 Amol Stool fl%TE(bl OK 2 DK 16 ion
      606 words
  • Page 15 Advertisements

  • REGIONAL MARKETS
    • 270 16 Reuter AP THE STOCK EXCHANGE of Honfl Kong Ltd has appointed a committee to oversee new listings after the arrest of three top officials, the chairman of the exchange's management committee, Mr Robert Yue Kin-cheong, said. The listing committee includes Yue, chief executive
      Reuter; AP  -  270 words
    • 196 16 AFP THE FRENCH carmaker, Automobiles Peugeot, denied press reports from Japan that it was planning a tie-up with the Japanese automobile group Suzuki Motor for the production of light trucks. "No negotiation is under way with a Japanese manufacturer in any field whatsoever,"
      AFP  -  196 words
    • 3890 16 SHARES PRICES on the Kuala Lumpur stock market staged a rally yesterday to fjnish higher on a broad front in fairly active trading. The buying interest left a trail of hefty gains. Reflecting the buoyant sentiment, the 30-counter New Straits Times Industrial Ordinary
      3,890 words
    • 1397 16 Hongkong Reuter SHARE PRICES cloaed aharply higher on the Hongkong market yesterday aa stock ralliea overseas and a firmer dollar buoyed sentiment on the local market The Hang Seng Index rose 116.93 points to 2,403.22 as turnover climbed to HK51.099.90 million from HK$652 23 million on Monday.
      Reuter  -  1,397 words
    • 92 16 Bernama ES PETRONAS is negotiating with several foreign parties the setting up of its planned oil refinery in Malacca. Its chairman. Raja Tan Sri Mohar Raja Badiozaman, said Pertronas would eventually choose one foreign partner for the project. Two oil companies, Petrofina of
      Bernama ES  -  92 words
    • 493 16 Reuter A REVIVED dollar and Wall Street's vigorous rally on Monday sent morning share prices soaring, but concern over the long-term dollar outlook and lack of freah incentives during the day pulled them off highs, brokers said. "Some feel that a 120 yen dollar is right around the corner,"
      Reuter  -  493 words
    • 473 16 Reuter A SHARP rise on Wall Street boosted confidence on the Australian share market and saw prices close firmer yesterday, near the day's highs. "I think people were encouraged by the performance but they're not convinced, they need to see continued strength in the US dollar and metal prices,"
      Reuter  -  473 words
    • 263 16 JAN M All Sinew* lr>du* Aaia Camant NT 286 63 SO unch 1.5 Kolln Kuochan Dav Laa Chang Yuan Cham Irtdua Lian Hwa Indus Nan Ya PIm 30 40 36 30 31.90 29 30 46.40 0.1 -06 0 9 -1.1 -0 6 Chang Hwt Bank Chang Loong in 00
      263 words
    • 169 16 Reuter THE SECURITIES Exchange of Thailand Index rose 14.20 points to 301.91 on a turnover of 7,553,042 shares worth 595.63 million baht. Reuter JAN BAHT *1Ao Kham Thai Ayudhya Irnaalmaot 294 14 Bangkok Agro-tnd 66 7 Bangkok Bank 305 +10 Bank Of Ayudhya 314 16 Charoong Thai W1r« A
      Reuter  -  169 words
    • 78 16 JAW M pesos Marslaal < Oriantal B 0 0675 -0 OOPt I Aco)« Mining Anglo Phil Apax Mining B. AtlM Con B 0 0675 30 -0 0025 uncfi Picop B PLOT Baguio Ootd Basic PMrotaum Banguat Con B First PWI HMgs 0.017 930 *0 001 0.6 San Miguai B
      78 words
  • Page 16 Advertisements
    • 410 16 NOTICES In the Matter of THE COMPANIES ACT, CAP. 50 And In the Matter of UNITED AGRICULTURE IMPEX PTE. LTD. At an Extraordinary General Meeting of UNITED AGRICULTURE IMPEX PTE. LTD., duly convened and held at 100, Jalan Sultan, #07-00, Sultan Plaza, Singapore 0719, on the 26th December, 1987, the
      410 words
    • 409 16 In the Matter of THE COMPANIES ACT. CAP. 50 And In the Matter of DRAGON AQUACULTURE PTE. LTD. At an Extraordinary General Meeting of DRAGON AQUACULTURE PTE. LTD., d»ly convened and held at 100, Jalan Sultan, #07-00, Sultan Plaza, Singapore 0719, on the 19th December, 1987, the Special Resolution set
      409 words
    • 410 16 THE COMPANIES ACT, CAP. SO WALLINS SINGAPORE PTE LTD (In Liquidation) At a general meeting of WALLINS SINGAPORE PTE LTD duly convened and held on the 31st day of December, 1987 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to section 290(1Mb)
      410 words

  • WORLD MARETS
    • 1072 17 New York Reuter WALL STREET closed sharply higher on Monday, cracking through the Dow 2000 mark in a New Year buying spree ignited by arbitrage-related programs and sustained by a more positive perception of the dollar following a round of coordinated Central Bank intervention, traders
      Reuter  -  1,072 words
    • 893 17 London Reuter THE FINANCIAL Times/Stock Exchange Index of Britain's leading 100 shares opened 31.2 points (1.8 per cent) higher at 1,778.7 yesterday, racing ahead after sharp gains overnight in the New York and Tokyo stock markets, dealers said. Heavy gains in the dollar following Monday's aggressive international
      Reuter  -  893 words
    • 1158 17 Selected indices HONGKONG Hongkong Index Tuesdoy 1,***** Monday 1.495 30 Week ogo 1.***** Hang Song Index Tuesday 2.***** Monday 2.***** WNk ago 2.301 27 All Industrials Tuesday 1.977.4 Monday 1.9503 Week ogo 1.964 4 NEW YORK Dow Jones Monday 2.***** Friday Closed Week ogo 1.***** TOKYO Standard Poors Nikkei Average
      1,158 words
    • 111 17 Reuter JAPANESE semiconductor companies boosted their share of the worldwide chip market to 48 per cent in 1967 as they led an indus-' try-wide resurgence, according to a research report released on Monday. Sales and revenue increased for many companies, with some growing at a
      Reuter  -  111 words
    • 764 17 Bid to acquire rival for US$72 a share NYT SWISS PHARMACEUTICAL giant Hoffmann-La Roche Co is making a hostile US$4.2 billion cash bid for Sterling Drug Inc, makers of Bayer aspirin, Phillips milk of magnesia and dozens of other pharmaceutical items. Hoffmann-La Roche itself
      NYT  -  764 words
    • 292 17 Reuter THE KUWAIT Investment Office, an investment srm of the Kuwsiti government, said on Monday it had raised its stake in oil giant British Petroleum Corp PLC (BP) to 18.34 per cent from 18.03 per cent. A KIO statement said it bought 18.5
      Reuter  -  292 words
    • 883 17 Reuter THE BATTLE for control of French cognac house Martell Et Cie looks likely to develop into a full-scale bidding war between Canadian and British drinks giants, but the high price they are offering could be justified, analysts said.
      Reuter  -  883 words
    • 110 17 Reuter JADEMAN Holdings Ltd. a Hongkong's comic book publisher, said it is holding talks for the possible issuance of new shares to an unnamed investor. It did not identify the investor or say how advanced the negotiations were but it said the
      Reuter  -  110 words
  • Page 17 Advertisements
    • 297 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF GALLOP HEIGHTS PTE LTD (In Members' Voluntary OF SPECIAL RESOLUTION (Pursuant to Section 290(2Xb)) At an Extraordinary General Meeting of the company held at Board Room 45th Storey, OUB Centre, 1 Raffles Place #45-00 Singapore
      297 words
    • 275 17 IN THE MATTER OF TOE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF HWEE GIAP CO (PTE) LTD (Incorporated in, Singapore) (In members' voluntary winding-up) At an extraordinary general meeting of HWEE GIAP CO (PTE) LTD duly, convened and held at 55 Shipyard Road, Jurong Singapore 2262 on Wednesday
      275 words

  • 594 18  -  By LILY FERNANDEZ AN AVERAGE of 8,500 people were granted Singapore citizenship each year in the decade since 1977, according to the Population Planning Unit. The number of foreigners allowed to sink roots in Singapore would be larger if one includes the permanent
    594 words
  • 533 18  -  By DAVID CHEW PRIME MINISTER Lee Kuan Yew said the Asia-Pacific region welcomed Italy's contribution through trade and investments, in manufacturing and services and through cultural exchanges. Italy is a member of the European Community and Singapore and its Asean partners have close
    533 words
  • 243 18 Reuter TAIWAN has rejected demands by local manufacturers and ruling party members to drop a 38year ban on direct trade and investment links with China. Vice-Economic Minister Li Mo said in an interview that the Nationalist government would not alter its policy of
    Reuter  -  243 words
  • 759 18 Reuter AP PRESIDENT Suharto unveiled an expansionary budget yesterday, but more than a third of it will go to repay Indonesia's mounting foreign debt. President Suharto, laying down the economic foundation for his next five years at the head of South-east Asia's largest nation, said
    Reuter; AP  -  759 words
  • 247 18 ALL THE NEWS that is fit to print about Singapore will continue to be carried in the Far Eastern Economic Review. The Hong-kong-published weekly magazine fe editor, Mr Derek Davies, told BT yesterday that the Review would not black out newa about
    247 words
  • 74 18 Reuter A MEETING of European Community finance ministers planned for Jan 11 has been cancelled due to the lack of Community business ripe for discussion, an EC spokeswoman said. Diplomats said that EC finance ministers alone were unable to deal effectively with world economic problems in
    Reuter  -  74 words
  • 170 18 Reuter DELEGATES to the 105-nation Gatt trad* talks will decide on Fab 18 whether to hold a minietarial meeting to review progress in the Uruguay Round negotiationa, Gatt apokaaman David Woods said. Ha told a nawa briafing that if tha high-laval aaaaion took place,
    Reuter  -  170 words
  • 299 18  -  By JEFFREY TSANG OFFICE SPACE saw an across-the-board incraaaa in rentals in the first 10 months of 1967, according to a survey by property consultants Jones Lang Wootton. According to the survey, published in the latest edition of
    299 words
  • 86 18 Reuter COMEX GOLD futures opened lower yeeterday and continued to fall aarly on local and commission house sailing. February gold fell US$2.BO to U*****.80 an ounce. Additional strength in the dollar continued to weigh on tha metal, although analysts said tha decline in gold waa moderate
    Reuter  -  86 words
  • LATE FILE
    • 37 18 Reuter CHINA plans to build its third commercial nuclear powar plant on the southern island <rf Hainan. The Chirm Daily ssid yesterday the plant would have a capacity of 300,000 kilowatts. Pei
      Reuter  -  37 words
    • 51 18 AFP SOVIET-AFGHAN troops broken the Mujahedeen siege of Khoet, according Western diplomats in Islamabad. The diplomats confirmed reports that convoys had reached the garrison town after troops hac wrested control of the strategic Qardez-Khoat highway from the rebels who had held it for eight years.
      AFP  -  51 words
    • 50 18 Reuter NATIONAL retail tales in China in 1967 reeched an estimated 582 billion yuan, a year-on-yaar riaa by value of 17.6 per cent and of 9.6 per cent in real terme, against 15 per cent and 6.5 per cent tn 1966, an official newspaper said. Reuter
      Reuter  -  50 words
    • 44 18 UPI NORTHROP CORP haa poatponed tha first flight of Via lop MCrvi olitlui Domotf Dy tour months, a dalay which could add hundrada of millions of dollars to the coat of tha programme, acoordlng to tha Los Angeiee Timm.
      UPI  -  44 words
    • 37 18 AFP CAMBODIA'a Prince Norodom Sihanouk pledged unwavering Joint action against the Vietnameee occupation of hia country in a maaaags to Khmer Rouge leaders Khieu Samphan and Son San releaaad yeeterday. AFP
      AFP  -  37 words
    • 29 18 AF A COALITION repreeenting professional, student and labor organisations haa joined opposition politic!ana in calling for a boycott of Haiti's national election. AP
      AF  -  29 words
  • Page 18 Advertisements
    • 242 18 The Smart get Smarter SHOW US HOW SMART you are by trying our contest in this Saturday's new-look Executive Lifestyle and you could become the smartest man in town. The winner will get dressed from top-to-toe in clothes from Mel wan i. The outfit will include a made-to-measure suit, shirt,
      242 words

  • SHIPPING TIMES
    • 414 19 TO MEET THE shortage of ratings, the National Maritime Board has lined up two pre-sea courses this year. This is the maximum it can conduct as each pre-sea course for general purpoae (QP) ratings stretches over 22 weeks. The board resumed its presea
      414 words
    • 151 19 Lloyd's List SUBSIDIES to world shipping and shipbuilding industries have done more to diatort markets and create overtonnaging than protectioniam in tradea, a new report claims. The United Nations Conference on Trade and Development (Unctad) has prepared the report for its Committee on Shipping
      Lloyd's List  -  151 words
    • PORT SIDES
      • 66 19 MR JONATHAN Bygrave has joined Jardine Shipbrokers as a shipbroker from this month. The formation of the shipbroking company in Singapore this year is seen as an expansion of Jardine's traditional shipping agency business. Broking operations will initially concentrate on dry cargo although work is also
        66 words
      • 126 19 UPI ARMY GUNBOATS intercepted a Greek ship on Monday as it left a harbour controlled by followers of Druze leader Walid Jumblatt, hoping to force the return of a helicopter "hijacked" by a deserting Druze officer. Military sources said several boats armed with heavy machine guns
        UPI  -  126 words
      • 47 19 Reuter AT LEAST 11 people are dead and 150 missing after an over-crowded ferry capeized in the Jumna river following a mid-stream collision with a barge, police said on Tuesday. They said the ferry Tumpa sank 85km from Dhaka on Monday. Reuter
        Reuter  -  47 words
      • 122 19 Fairplay A NEW system of electronically provided shipping intelligence has taken over the old posted notices from the harbour master in the port of Rotterdam. Shipping arrival and departure information is now being produced aa part of the new Rotterdam Traffic Control System and this is
        Fairplay  -  122 words
      • 101 19 AFP A TAIWAN fisherman was missing sfter his trawler sank in stormy seas off the southern Japanese island of Miyakojima, Japanese Maritime Safety Agency (MSA) officials said. Eight other crewmen were rescued by a Japanese fishing boat early Tuesday after the An Chiang 101, from Jilong in
        AFP  -  101 words
    • 843 20 Fairplay THE OVERSUPPLY in VLCC construction during the 1970 s is now part of history, with many of the ships built during that decade ending up either in some obscure Norwegian fjord waiting for better times or at the torch of the Taiwan
      Fairplay  -  843 words
    • 379 20 FT SANTA FE Southern Pacific, the beleaguered US transport, energy and property concern, has agreed to sell its Southern Pacific Transportation subsidiary to Rio Grande Industries. Santa Fe is trying to fend off takeover bids while complying with government order to sell part
      FT  -  379 words
    • 948 20 AB Shpg V 5 ABC Contotn*' VIII Accord Shpg VI 3 Ahrenkiel liner XI 3 Africa Ocean XN 2 AHtrans VII 3 AC Toepfer XI s American Tpt XII 4/5 Anro Service IV 2/3 Arrow lines IX 5 Asian Ocoon VI 1 Arias Una X s ANl
      948 words
    • 1289 20 ALTHOUGH few representative trades featured in thin fixing on the London Shipping freights market on Monday. there was no sign of any weakening in the general tone of the charter market after the Christmas and New Year holiday period. North American grain fixing concentrated on North Pacific outlets.
      1,289 words
    • 496 21 AN IRANIAN delegation has arrived in Turkey to begin negotiations on a new oil pipeline. Turkish government and oil industry officials said that the Iranians and Turks were expected to hold two weeks of discussions and might conclude an agreement.
      496 words
    • 569 21 CHARTERING activity was at a traditionally low abb on the freight markat either aide of the Chrietmas break although signs of good enquiry for early 1968 were in evidence. The recovery in energy values after a dull start helped to underpin eentiment, as did firmer rates achieved by
      569 words
    • 166 21 Reuter THE VOYAGE of the disaster-hit ferry Herald of Free Enterprise to a Taiwanese scrapyard will be delayed for at least 10 days while its West German tug is repaired, a South African marine company said. The ferry is on its way to be
      Reuter  -  166 words
    • 8191 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      8,191 words
    • 1121 27 AT CONVENTIONAL WHARVES VmmI B«rth Arrival Departure KEPPEL WHARVES B Ruminski KI8 Alongside 0801/2300 Coly <30 alongside 07 01/1830 Chris Isobel CIO olongside 0801/0600 Equator III K23 alongside 06 01/0700 Grso Moru 8 <20 olongside 0801/1830 How* Arrow K— alongside 0801/0700 Koto Mulio K3I olongside 0601/0600 U
      1,121 words
    • 2019 28 A—B AB Shipping Boustead Shpg Agencies. ABC Containerline NV S pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Lines Seaiion Shpg (S). Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK). Alltrans Alltrans Express. American President Lines
      2,019 words
    • 223 30 Lloyd's List SWEDISH shipowners have received a commitment from government that they should be given financial aid. A working party is to be set up this year to draw up a package of support to the beleaguered shipping community by March 10. Swedish
      Lloyd's List  -  223 words
    • 138 30 Reuter WORLD oil tankers in lay-up, idle or under repair rose to 10.08 million long dwt (63 vessels) by endDecember from 9.97 million dwt (61) at end-November, London shipbroker Howard Houlder said. Combination carriers latd-up at end-December amounted to 1.16 million long dwt (14
      Reuter  -  138 words
    • 248 30  -  From Kingsley Wood THE As2oo million deepwater port that is part of the Turkish power station project negotiated by an Australian-led international consortium, will be constructed by the Australian construction firm, Leighton Industries. Leighton has had considerable experience in port construction in
      248 words
  • Page 19 Advertisements
    • 515 19 1 bu TINES KX*S I STP Distributors Tmrtom AAMMnf Grow ORIENT OVEHgEAt Ctmtaimi LINE NORTH AMI RtCA Alt ANTIC FXPRFSS (ROUNO THI WORLD ROUTING EXPORT ua sac SE IMP' B' ORIENTAL FAITH ORIENTAL FRIENDSHIP hj/KiL ORIENTAL FAIR FUROPF fXPRFSS SFRVIf.t XPORT sva SEAS I ACS CMCMI FAR lASI MiriOlF (AST
      515 words
    • 103 19 tmm THE OVERSUPPLY in VLCC construction during the 1970' i is now part of history, with many of the ships built during that decade ending up either in some obscure Norwegian fjord waiting for better times or at the torch of the Taiwan plate burner. Peg* II AN IRANIAN delegation
      103 words
    • 756 19 BUS STP Distributors cjNG MAERSK LINE FAST TRANSIT SINGAPORE/ LONG REACH IS DAYS Tha awt Arthur M Ctoamg Tnw CY 07/1 2300 MRS CFS 07/1 1300 MRS 7/1 M/ 1 M ROTTERDAM MOB >1/1 LAUST M MOB ANOERSM BKB AXIL M MO* ARH.O M 8804 Tha wee* Anna M Ctoe»ng
      756 words

  • Page 20 Advertisements
    • 413 20 Jjg3 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA nrrnrvTirmi czaaaraii Alto accaptinf cjrjo tojll UK dwtinationt". Scandinavian (Aarhut. CopwWuf n. Gcttunbuip nW otfxr European Inland powita Wo«t African EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/ MARSEILLES 16 DAYS SINGAPORE/ BARCELONA (DIRECT) 17
      413 words
    • 23 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Agents. Singapore National vS Shipping Association. \J.
      23 words
    • 355 20 CSAV TO/FROM CHLE FEEDER VESSEL S PORE MOTHER VESSEL HK MICA IQQ CSAV 1 (A UUA Hfl W 110 CSAVI «1 CNAITEN S/2 (man) CSAV 3 110 LAiA WWW! CARGO FOR PUNT A ARENAS, TAICAHUANO (SAN VICENTE) ACCEPTED WITH T/S VIA VALPARAISO Singapore *****00 Booking *****08 K. Lumpur P. Kelang
      355 words

  • Page 21 Advertisements
    • 962 21 The Straits Steamship Group i Mansfield Container Shipping PteLtd CONTMOtSHP SERVICE TO IK/CONIKNT: STRAITS SHIPPING Singapoca to Sabah, Sarawak, Brunai Ports and Bangkok pfljApf P&O A. UVA>L Containers Limited PtCASUS PROGRESS VSIJN PEGASUS PROGRESS VSI4N FRANKFURT EXPRESS OSAKA BAY CITY Of EDINBURGH LAMS BAT HONG KONG EXPRESS CAROIGAN (AT RHINE
      962 words
    • 604 21 4££l SGS I NSPECTION MARINE SERVICES IN SINGAPORE AND ASIA WITH S.G.S. CLAIM SURVEYS CONVERSION SUPERINTENDENCE SHIP SURVEYS TOW SURVEYS LASHING SURVEYS APPRAISAL OF VESSELS DRAFT SURVEYS CONVERSION SURVEYS CARGO SURVEYS BUNKER SURVEYS ON/OFF HIRE SURVEYS CONSULTANCY SGS SINGAPORE (PTE) LTD MEMBER OF SOCIETE GENERALE DE SURVEILLANCE (IN 140 COUNTRIES
      604 words

  • Page 22 Advertisements
    • 384 22 Hapag-Uoyd CONTAINERSHIP SERVICE TO UK/CONTINENT S port PK U/1 13/1 17/1 I*l m mi i%n 2*l U/1 4/2 1/2 12/2 14/2 I*2 21/2 21/2 2*2 4/3 4/3 12/3 14/3 17/3 I*3 2*3 27/3 2*3 31/3 4/4 8/4 Stan H'burg B'havtn A'worp *2 10/2 *2 I*2 22/2 2*2 7/3 I*3 21/3
      384 words
    • 801 22 JtC.S.LINE itttit Ct*'*** ri— FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ Membff of the Air Cofisoilnini FROM EUROPE VIA SUEZ A Member ol the Ace Consortium illllY CON I A)N( RISE D 10 (ROM NORM AWtRICA IMS! COAS! *Fo#/MOTHER VESSEL TWB 40E/KOREAN WONIS ONE 75E SSB 63E/KOREAN WONIS JIN TIE
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    • 343 22 FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MEULLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ISTANBUL U.S.A. ALSO ACCEPTING TO: CHICAGO, BOSTON, JAV, PHIL, St MIAMI I ALL INLAND DESTNS. PAPUA NEW GUIMFA PORT MORESBY, RABUAL, LAE KIETA, MADANG A KIMBE NOUMEA 5/2 SUVA/LAUTOKA 7/2 NEW ZEALAND AUCKLAND, WELLINGTON
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    • 1131 22 EVERGREEN Full CunUirn Smut* Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SGP HKC KSC KLC PUS OS* TYO KSN CHS BAI NYC LNV FIX UK SGP ever gleamt/ever cuioc ;/i un wmmzmmmunwrnannniin 1/3 j/s 2*3 EVE* GOLDEN 14/1 I*l W1 22/1 1*22*2 22/2 24/2 4/3 *3 7/3 *31*3 1M ever guard nn an
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  • Page 23 Advertisements
    • 816 23 PACIFIC INTERNATIONAL LINES AV\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 1 FAR EAST CONTAINER SERVICE MAJAPAHIT GOWA KOTA EAOLE OMIT IS/1 27/1 2S/1 13/2 14/2 MTC HITACHI MOO NAOOYA. POO PASW QUOANO. ACCEPTING MORORAN CARGO VIA HKG JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE VESSEL SEA DRAGON
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    • 553 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT an v an HP W an 20 m w 2W an t'MVIN ROM HAVW EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAM rHA VIA DAM NAVK rrOM f KLANC s PO*t FM Crt, ot IMM MMbM m MM. Lath by S*M hM S«M S«U
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    • 509 23 DJASAGETRI A Joint Europe Service Ot P.T. DJAKARTA LLOYO P.T. OESMKI LLOYB P.T. SRMOBA mora* P.T. TRIKORA LLOYB EXPRESS SEMI CONTAINERSNIP SERVICES SINGAPORE TO EOROPE or S'PORE MLBAO A DMM OM H tUW SiXSSB SB "8 g »yb|«cl to InducamanL A too mp>n cargo to Casablanca, Port Said, Port Atonndrta.
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    • 378 23 BOUSTEAD SHIPPING AGENCIES 1* FA ON VI 27*1 4/1 Jan PA AN VIIJW 7/9 Jan HTONEYWA V23IW 12,-14 Jan OMAYWA 17/ M Jan BURMA FIVE STAR (Burmese National Line) S'pore P.Kelang Penang Bangkc i/t Jan BANK LINE NORTHBOUND TO UKC SPORE ROAM HULL HMBG MORAYBANK V4N 17/1 7/2 15/2 11/2
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  • Page 24 Advertisements
    • 1290 24 "K"LinE SHIPPtne OPITfI o®gg&S*v ATLfInTkC COAST (Round-The-World Service) •PK/PNG SPORE LB CMLS NFK NYC HFX ORIENTAL FAITH V 6 Sid 7 Jan 30 Jan 9 Fab 11 Fail 13 Fab 17 Fab ORIENTAL FRIENDSHIP V 6 9 Jan 14 Jan 6 Feb 16 Fab II Fab 20 Fab 24 Fab
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    • 770 24 '/tf INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* INDIAN COURIER V 27N S O. TRIPtIRA V OH LOTTE SCHEEL VJQ RAVI OAS V 3tH THEOOOR FONTANE V UN so a poadcsh v jim LOnE SCHEEL VH INDIAN COURIER VTtN PRELUDE V.t-1 THEOOOR FONTANE V IS* S O NACALAND V.HH Smtaoorc
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    • 743 24 GOLDEN LINE GUAM GUAM SHTMNS (PTE) LTD B. T«M Amt StrMt SINGAPORE OM TEL nam (M LINES) Fix SM STRAITS/PERSIAN GULF SERVICE: GOLDEN HARVEST Cotanbo/Karadn/Dubai GOLDEN LAND Cotanto/KaradM/Outw CHINA SERVICE A VESSEL Shanfhai/Hsnkanj BAI TUN SHAN Shanchw'HiinUnt M3W (M LINES) Fax: JMSM S port P Pw*«t uooiwi tna Fen I*l2
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    • 511 24 TiW IIMI I PHILI OniCNT LIN€S PTC LTD Hi AO Off Cf 63 808 SSOI PO«3 *07 '2 «rpc a: fu iDin j Singapore cice if if rs ;e'?o phili fe» ??sss 7 6 EAST/FAR EAST FCI ft LCI SERVICE ETA DONA. MUSCAT. BAHRAIN. ABU DHABi A WMUMi JHXMN. MOOHOAH,
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  • Page 25 Advertisements
    • 765 25 Agents S'port PRota* NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): N CRYSTAL OK> C CONTAINER 43W tw container am VH BRIDGE MM. Qm BRIOGE 41*. SS BRIDGE Ml AT carfa will b* tranaftippad via RO Alio accaptinf carfo to/from Scandinavia N CR FROM EUROPE (VIA SUEZ) HK CONTAINER TW
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    • 415 25 HEUNG-A SHIPPING Korean Flag Vessels OONAM SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG, BUSAN. INCHON SEMI-CONTAINERISED DIRECT SERVICE TO: P.KELANG, PENANG, BUSAN, INCHON VmmT* Name No I Donam/710N No 7 Oonam/niN 30/12 11/01 14-17/01 1* 2001 30-02/02 0W *Uoria/001N »«1 2WOI 23 23/01 24 24/W <*-07/02 ««2 No Donam/HIN 15/01
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    • 587 25 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. ISLAM PENANC HANOI INC SYSTEM CO SON. MO. MESSRS HAI THONG SHIPPING 127 Pwm StrMt. Pmnt
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    • 6 25 S5 m a •*> <] MADJU SENDIRIAN BERHAD
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  • Page 26 Advertisements
    • 251 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 .30 Lines. FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAO Vtß DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO: Accepting cargo for INDIA Bombay. Cochin, Madras Calcutta -VIA LARNACA: Accenting cargo lor Lattakia. Piraeus, Thessakmiki. lamr.
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  • Page 26 Miscellaneous
    • 179 26 Regional Weather r •Si 7/^ '4 m m fi rv t1 aa f, t** > ft v 1 cs> >- i Y2f4 a -5i SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: °C cT w Wmd direction with speed in knots Wove height One half Heche represents
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  • Page 27 Advertisements
    • 1003 27 es IZUMI LINE REGULAR EXPRESS CONVENTIONAL SERVICE TO CALCUTTA VSL BIT Spore Loading For WAKAYU 63A 1982 15th JAN 88 CAL. MADRAS* •SUBJECT TO INDUCEMENT G. AGENT: TAIKA SHIPPING t ENTERPRISES PTE LTD TLX ***** TAIKA TEL *****78 BOOKING AGENT: RICK MARINE ASSOCIATES PTE LTD TLX ***** RMA TEL *****86
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    • 228 27 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. cn a n I J— mil Oujjj j —\i J n ii) —I J jujJ 11 Algerian National line S POKE LOADING FOR M.V. BISKRA 3oa JAPAN M.V. BIBAN 16/2 JEDDAH, ALGER ORAN. ANNABA ALL VESSELS ACCEPTING FCL CONTAINERS FOR JAPANESE PORTS Heavy Lift
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  • Page 28 Advertisements
    • 602 28 KINK KINKK SMIIMMN<; PTK I I I) /0 Aty M O.'C Mtnni Hnj-e S i>ore 0. 1 J TEI :?W (6 Line TLX RS .V JI fH\F* r A» El ROPE SERVICE MIDDLE EAST GULF SERVICE WEEKLY HKG/CHINA SERVICES TATSUMI MARINE CO. LTD. JAPAN DIRECT SAILING TO PAPUA NEW GUINEA
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    • 445 28 KEELUNC NEW YORK JIT- I.HIH- ,<r 3 |j: vessel ZIM SINGAPORE I 11/ I i 2/2 i w I 12/2 I w/2 ZIM MELBOURNE 22/1 13/2 17/2 23/2 1 ZIM BRISBANE ACCEPTING CARGO TO ADELAIDE VIA MELBOURNE AND ALSO fCL TO GUAM zr ZIM OUT CONTAINER LINE SIN ETH ALX
      445 words
    • 602 28 EverettLinesl 9 COMPANIA PERUANA DE VAPORES 5 "PERUVIAN STATE LINE" -j K LOADING FOR CALLAO. MAT ARAN I, ILO* AND ALL OTHER j S PERUVIAN PORTS' WITH TRANSHIPMENT AT KOBE ON Sf CPV THROUGH BILL OF LADING TO FINAL DESTINATION. 2| Panang* P. Kalang* Singapore 2 HANOIOCVERETT 24/25 Jm W
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  • Page 29 Advertisements
    • 404 29 ahrenkiel liner service CONTAINER 4 LCL SERVICE TO PORT LOUIS DURBAN WESTBOUND MERCHANT PIONEER VMW IN PORT 17/01 22/01 ALS DEDICATION V69W IS/01 30/01 05/02 ALS PROSPERITY VOIW 29/01 10/02 15/02 Accepting Container* tor Johannesburg. Malawi and Zimbabwe alao accepting LCL to Port Loot* and Durban ACCEPTING BREAKBULK/CONTAINERS FROM RICHARDS
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    • 599 29 THE NATIONAL SHIPPING 1 rf J'V REGULAR RO-RO SERVICE TO MIDDLE EAST SINGAPORE I P KELANG 1 DAMMAM DUBAI 08 JAN 04 FEB I 13 FEB 22 FEB i 24 FEB I 04 MAR I 07 MAR VESSEL S. HOFUF FEA 029 S. DIRIYAH FEA OS S. RIYADH FEA 042
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    • 384 29 PERCH OCEAN LINES (Perfe* China Ocean Shipping Lines) Destinations: SHANTOU, GUANGZHOU HUANGPU, XIAMEN HAIKOU, ZHANJIANG XINGANG, QINGOAO SHANGHAI OTHER PORTS Etd. S'PORE Etd. PKL6 WEEKLY SAILINGS ACEKTS:"** CONSOLIDATION SERVICE FROM: SINGAPORE/P.KELANG PORT LOUIS AUSTRALIA hi II i iiiiii 3-9 Jan IN PORT 4-8 Jan 1-7 Jan MARITIME TRANSPORT MANAGEMENT RE
      384 words

  • Page 30 Advertisements
    • 323 30 Hai Sun Hup Co (Pte) Ltd rEL 2?0J906 (20 Lines) TLX RS ??of>l RS POK72 ft. I \s| I K\ \K I l\l K lll> STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS ▼Subject inducement For Discharging Only L* NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN I CHINESE
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    • 487 30 =57 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE I 'TrrTrl nnr 12/1 2*l STUB6ARTEXP. 11/1 4a IATUUmC CONVEYOR rsn u/2 ATLANTIC a K rrt}ri' COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMKOWTAHER SERVICE TO y.uii i'l'i,'[-IT' y. i.xt v. CLYDEBANK V22N FORTH BANK V2IN TAMAITAI SAMOA
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    • 254 30 ILL LCL WEEKLY SERVICE TO: KSLIM6 8/1 NAM/MBI It/1 BMMM 1/1 NTTBMM 11/1 HONGKONG 1/1 TONY IS/1 FffBAAIVTLf 18/1 SVB/MaB 7/1 ADELAIDE 18/1 (transit Urn* 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY CON-CARRIER S2/S7 CON-CARRIER 53/87 ETD GERMANY ETA S'PORE 22/12 11/1 29/12 11/1 LCL SERVICE TO CARRIBEAN PORTS ST.
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    • 818 30 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE mmm CALL US AT? P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *K753«***** *****3 <07-241 M •07-*****3, *****5, *****0, *****1 (02-*****22 *****0 •Yrt.il NTHR VSL JUTLANWA I.L-HH.i-TJ IM!M' T Mg-'.W!' J.T TM Omi DESTINATIONS: AARNUS. AMSTERDAM. ANTWERP. BASLE, BREMEN BREMERHAVtN COPENHAGEN HELSINKI, MALMO.
      818 words