The Business Times, 7 January 1988
1988-01-07
1
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The Business Times
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Title Section11 1988-01-07 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, JANUARY 7, 1988 75 CENTS11 words
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Article156 1988-01-07 1 Overseas markets WadnMdoy HK Hang Seng Index 2463.02 59.80 Tokyo Nikkei Average *****.50 (+1215.22 Sydney All-Ordinaries 1321.9 (+12.7) Tuesday Now York (Dow Jones) 2031.50 (+16.25 London (FT 30 Index) 1437.1 K 35.1 Wednesday noon> (1447.9 10.8) Exchange rates USS: 127.00/10 yon 1.6305/15 DM SS2.0225/35 £< US$1.8250/60 M$»156 words
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Article103 1988-01-07 1 Reuter THE CHAIRMAN of the US Senate's Finance Committee yesterday called on Hongkong to revalue its currency against the US dollar and suggested sanctions might be imposed if it did not. Senator Lloyd Bentsen told a news conference the current pegged rate of HK$7.B toReuter - 103 words
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Article, Illustration335 1988-01-07 1 STOCK PRICES continued to rally at major Asian markets yesterday, buoyed by the steady recovery of the US dollar plus overnight gains on Wall Street. But analysts noted that what had appeared to be a New Year's rally for the dollar335 words
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Article41 1988-01-07 1 Reuter WALL STREET stocks were higher yesterday for the third day in early trading although the dollar was mixed. The Dow Jones Industrial Average rose seven to 2,038. Gainers led declines by lees than a two-to-one margin. ReuterReuter - 41 words
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Article38 1988-01-07 1 AFP UK STOCK prices picked up after an undecisive start yesterday. At 1200 GMT, the Financial Timee 30-industrial-share index was up 10.8 points at 1447.9 and the Footsie 100 gained 10.7 points at 1800.3.— AFPAFP - 38 words
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321 1988-01-07 1 THE US dollar strengthened further yesterday against the Singapore currency in active trading on the foreign exchange market. It traded well above the Ss2 level as dealers felt confident that central banks would continue to throw their weight to prop up the321 words
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368 1988-01-07 1 FT THE SOVIET UNION ended a 70year absence from international public bond markets when a state bank made a 100 million Swiss franc (US$75 million) issue on Tuesday in Switzerland, its first public borrowing on Western capital markets since the 1917 RussianFT - 368 words
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352 1988-01-07 1 THERE WERE SEVEN listed companies with shareholders' funds of more than $1 billion as at Dec 31 laat year, the same number as a year ago. The companies in the 1987 Billion Dollar Club were SIA, DBS, Sime Darby, Harrisons Malaysia, OCBC, UOB,352 words
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804 1988-01-07 1 AMY BALAN - Shareholders to vote at EOGM on Feb 6 By AMY BALAN A TUSSLE for boardroom control a rare occurrence among Singapore companies will come to a head at Malaya Tin Printing (MTP) next month. A group of shareholders led by MTP's former804 words
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155 1988-01-07 1 Reuter THE UNITED STATES. Japan and the European Community will come under strong pressure at an Asia-Pacific trade conference in Indonesia this week to liberalise trade, diplomats said. Asia-Pacific countries are expected to push for more liberalisation to prevent a slowdown in worldReuter - 155 words
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Article119 1988-01-07 1 AP PRESIDENT Ronald Reagan began work on Tuesday on a new government budget of more than US$l trillion that is expected to reflect a slowdown in the Pentagon's once-massive spending build-up. Accompanied by Vice-Presi-dent George Bush, Mr Reagan got his first briefing on theAP - 119 words
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362 1988-01-07 1 PRIME LENDING RATES appear to be on the downtrend again, after remaining unchanged for more than a year. DBS Bank announced yesterday that it will reduce its prime rate by a quarter of a percentage point to 5.25 per cent per annum362 words
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Page 1 Advertisements
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Advertisement98 1988-01-07 1 !~;-@!?|[(^*/>~({-.][-}{}&$)>", FOR A GOOD DEAL Come and see what is destined to be the most popular business hotel entertainment centre in Singapore. Designed by John Portman, the Marina Mandarin houses a breathtaking 21-storey atrium and offers a range of cuisines from Italian, Chaozhou, Guangdong, local to Continental. The Marina Mandarin98 words
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Advertisement285 1988-01-07 1 FuN Report, Pag* 12 World Mavfcote, Pag* 14 f-w SINGAPORE WILL SEE at least 37 Mghtechoology conferences with an expected attendance of more than 10,000 this year. HOME NEWS, Page 2 MORE SINGAPOREANS are going overseas than ever before. The trend of increased travel was likely to have continued in285 words
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Advertisement8 1988-01-07 1 Rlm In funds r«fl«cts *conomic rtcovtry, Pag* 158 words
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Advertisement167 1988-01-07 1 Rodenstoch Quality before your eyes Forget your Savings passbook This card is all you'll need. Hongkong Bank Statement Savings Account! Enjoy all the benefits of our Savings Account without the necessity for a passbook! With just this card, you can: Withdraw and deposit any amount over the counter at all167 words
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HOME NEWS
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512 1988-01-07 2 LIM SOON NEO - By LIM SOON NEO SINGAPORE, which is becoming an increasingly popular venue for meetings on high-technology and medical topics, will see at least 37 such conferences with an expected attendance of more than 10,000 this year. These meetings, which cover medicine, science and manufacturing technology,512 words
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554 1988-01-07 2 TONG SUIT CHEE - By TONG SUIT CHEE MORE SINGAPOREANS are going overseas than ever before. Government statisticians keep tabs on the travel patterns of Singapore residents with the help of disembarkation forms which air and sea passengers are asked to complete just before arrival at Singapore. Between554 words
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83 1988-01-07 2 CHANGI AIRPORT, rated one of the world's best, is to have a sophisticated solar heating system for the second passenger terminal now being built. Costing $1.7 million, the system is to be supplied by Thermomax Ltd, a Northern Ireland firm,83 words
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Article, Illustration200 1988-01-07 2 THE CHALLENGE for the Ministry of Defence this year is to maintain the high level of operational readiness that now exists, according to Dr Yeo Ning Hong, the Second Defence Minister (Policy). This was spelt out by Dr Yeo, who is also the Communications200 words
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113 1988-01-07 2 THE DRAGON, when it takes over from the Rabbit this February, is expected to usher in a very good year for all. But for those who are uncertain if this Chinese mythological creature can really defeat the stock market bears in the new113 words
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Article199 1988-01-07 2 ACCESSIBILITY to place of work, design and layout, ownership title, tranquility and privacy, and maingate security. These are the factors buyers look at when they choose which condominium to buy, according to a survey by property consultants Knight Frank Cheong Hock Chye Baillieu. The findings199 words
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330 1988-01-07 2 SINGAPORE'S only opposition Member of Parliament yesterday repeated his call for a referendum on the government's proposed team MPs concept. Mr Chiam See Tong, Member of Parliament for Potong Paair, said the government should let Singaporeans decide if they want minority representation330 words
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461 1988-01-07 2 GENEVIEVE CUA - By GENEVIEVE CUA EXPANSION has been on the horizon for private hospital Thomson Medical Centre since it was built in 1979. Now the goal of expansion becomes a reality as the centre reaches upwards with a spank-ing-new sixth storey, a $3 million investment461 words
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117 1988-01-07 2 A DELEGATION of 21 Italian leather-goods manufacturer* will display their 1968 collection at the Raffles Hotel in Singapore next week. The group, called Ci Pi Elle, forms part of a biennial delegation of leather goods manufacturers from Italy and will go117 words
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Article68 1988-01-07 2 HARD WORK and loyalty ware rewarded yesterday whan Telecoms awarded long service certificates and gift vouchers to 1,406 employees. Thoee with 10 years of setvice received gift vouchers worth $170, those with 15 years re- ceived $250 and thoee with 20 years received $340. Thoee with 2568 words
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Article, Illustration194 1988-01-07 2 SEAH BENG TEE has been appointed a director of Kleinwort Benson (Singapore) Limited and heads the company's private banking activities for South-east Asia. Before her recent appointment. Ms Seah was executive director of Russell Reynolds Associates, Singapore. She haa also worked aa group treasurer of Inchcape Berhad,194 words
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Page 2 Advertisements
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Advertisement230 1988-01-07 2 t TUNG LOK SHARK'S FIN RESTAURANT proudly presents (sftdmtm of Ute Cbttwy-.. I EC From lan 8 A joint effort of internationally renowned masterchefs from Beijing, Hong Kong and Taiwan. Standard Pinner Menu $88 per person, minimum 8 persons to a table Only 8 tables available nightly Advance booking required230 words
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Advertisement9 1988-01-07 2 WORLDWIDE EXPRESS® Prompt pick-up and deSvery24 hours a day9 words
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Page 2 Miscellaneous
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Miscellaneous69 1988-01-07 2 Singapore OUTLOOK: VMy wflh Report for 24 houn prior to 7.30pm on ion 6 at th* Rainy day* Ms i Now DaN Naw Yorit Minn ri mcowo Odo Port» Parlh Rio 'Janoiro Roma Son Frh'co San Juan jonDo^o Sao Paulo Saoul flnrlitii Im, jroWnOwTi Sydnay Toipai Tal A*t* Tokyo Toronto69 words
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OVERSEAS
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389 1988-01-07 3 Reuter WEST GERMANY will have to struggle just to avoid a recession in 1968 because of the way an appreciating deutschemark has damaged its export-led economy, economists say. The third biggest capitalist economy has been weakened, they add, to the extentReuter - 389 words
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167 1988-01-07 3 AFP WEST GERMANY'S net direct investment abroad more than doubled in the first six months of 1987, the West German Economics Ministry announced on Tuesday. West German companies invested US$5.2 billion in foreign countries and repatriated only US$7OO million in foreignAFP - 167 words
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203 1988-01-07 3 NYT SAUDI ARABIA rescinded a sweeping package of income taxes on foreigners on Tuesday after a wave of protests from foreign workers and Saudi businessmen. The taxes had been instituted by royal decree only a few days ago. The turnabout was announced byNYT - 203 words
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147 1988-01-07 3 NYT TEXTILE and apparel exports from Mexico to the US pould grow by 6 per cent annually in the next four years, compared with a 50. per cent increase in 1987* imports, under a pact between the two countries announced onNYT - 147 words
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332 1988-01-07 3 Reuter INDONESIA says it will not seek to reschedule its official debts, estimated by Finance Minister Radius Prawiro at U5535.19 billion. "Once you decide to reschedule the debt there will be no capital inflow (into Indonesia) anymore, as in the case of LatinReuter - 332 words
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Article812 1988-01-07 3 ARRIVALS Dperofor Sorvte* Local From number Hmo MAS MH671 0920 KUL su SQ103 0950 KUL AC AC858 0950 YYZ/LHt/lOM CPA CX710 1015 CGK mXs MH603 1020 KUL GU GA975 1035 CDG/AUH MA (4421 1100 IWN GU GA960 1100 CGK SU SQ105 1105 KUL SU SO 201 1145812 words
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Page 3 Advertisements
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Advertisement66 1988-01-07 3 I l y \1 \g A|\ I J I The business person's choice, every I 1 II 111 I Tuesd °y- Thursday. Saturday and I I 1 V I I W Sunday. Leaving Changi Airport at I \/I\\ y I i JL 22:05 hours and arriving at Lester B. Pearson66 words
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Advertisement40 1988-01-07 3 1 J it < uf 'AS s ft sr xV r&m. ><*v v *2 *> iff J. K •>: r w --r m jpi './/A X ✓V. 4-r ■v x A J r 3 >» /4 I > s--. wm_ '"4 -.v 3? •v Ml40 words
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Page 3 Miscellaneous
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Miscellaneous76 1988-01-07 3 Doonesbury SENATOR, TM PRETTY NEW TO POUTICS, BUT ynYS I HAVE TOTELLYOU, I Wr J HAVE A 6OOP FEELING jm7 1 ABOUT THIS CAMFM6N! HAR m wu UJELL IJUST THINK THERE'S A LOT OF LATENT SYMfttTHY OUT THEREFOR THE SITUATION YOU RNP YOURSELF 1N... BY GARRY TRUDEAU I MEAN, THERE76 words
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COMMODITIES
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Article, Illustration241 1988-01-07 4 AFP THE INDONESIAN government is holding out incentives to attract foreign oil companies at a time when low crude prices have dulled investor interest, a senior minister said. "The government recognises the need to encourage the oil companies." Development Planning Minister Johannes Sumarfin told aAFP - 241 words
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359 1988-01-07 4 Reuter THE DUBLIN-BASED European Mercantile Exchange (EME) plans to start electronic futures trading as early as May. Joseph Sims, managing director of the 11-month-old exchange, said, "The problem we're now trying to solve is starting a computerised exchange early in 1988 which would lead upReuter - 359 words
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Article314 1988-01-07 4 HONGKONG: The metal closed with pared gains on continued buying interest yesterday. Bullion ended at U*****.20/481.70 an ounce against an initial U*****.40/90, but higher than New York's US$4BO.BO/481.30 close. Trading was active with late Japanese house selling pushing gold down from its early highs. The metal's movement was314 words
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137 1988-01-07 4 UPI WORLD PRODUCTION of crude oil and natural gas liquids was virtually unchanged last year at an estimated 2.907 billion tonnes from 2.917 billion tonnes in 1986, the Petroleum Economist magazine's annual survey showed on Tuesday. A drop of 3 per cent in Opec's outputUPI - 137 words
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159 1988-01-07 4 AFP THE 16-member International Coffee Organisation (ICO) announced in London on Tuesday that it waa reducing its export quotas by one million 60-kilo begs in a bid to reduce surplus supply. But the organisation also called a special meeting on Friday atAFP - 159 words
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Article89 1988-01-07 4 Reuter THE UNITED STATES said on Tuesday it was toughening its import inspections of Colombian goods to reflect its concern over the releaae from a Bogota prison of Jorge Luis Ochoa, a suspected Colombian drug dealer sought by US authorities. The US Customs Ser- vice willReuter - 89 words
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Article468 1988-01-07 4 Crude palm oil futures closed higher yesterday in active trading on the KLCE. Market sentiment was firm throughout the day ahead of a report which said that CPO production for December 1967 will ba 20 per cent lower than the previous month. The market was also well supported468 words
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Article229 1988-01-07 4 A LATE RALLY attempt failed when Refco sold additional amounts of March and new crop November late on Tueeday. with futures cloeing down two to 4H US cents per bushel in moderately light dealings. January aettled at U556.14)4 after holding firm relative to deferreds most of the day due229 words
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Article298 1988-01-07 4 London Commodity Exchango Iwyif/Silif doting prlcM on Jon 5 Ut/torm unto ipacMad). rt%vfout doting pric#t In po r CoffM Both i"-ftor» London, «o*oo option OF London Jon 1193/1196 High/Low (1173/1176) 1201/1184 Mar 1224/1223 High/low (1204/1203 1233/1210 Soli (4130) COCOM Mar 1113/1116 (1066/1067) High/Law 1124/***** May 1133/1134 High/Low (1066/1069)298 words
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Article105 1988-01-07 4 THE PRICE o< Hn on Kuala Lumpur Tin Market (KLTM) closed unchanged y eater day from Tuaaday'a M 517.19 par kg In spllo of Mm weakjj M ntM 01 fitninfl. Dealers aald tha •harp gain of C 75 on lha Europaan fraa markat halpad to offaal tha PoulmTi105 words
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Article80 1988-01-07 4 ASIAN PRODUCTS markets continued their firm run yesterday. All products roee but remained lower than the high levels established in Europe and the US following the onset of cold winter weather. Utt/Wn»l O— 1 Owfeol (Nbl Wm Tama I5JJ 0J2 WTHNST*' \7M ♦0.1 J Products (FOB S'pore)80 words
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Article134 1988-01-07 4 WHEAT FUTURES on tha Chicago Board of Trada rallied from early lowa to cloee on or near the highs on Tueeday, up 5X to US centa per buahel in moderately light trade. March settled at US$3.2O after penetrating technical reeJstance around the US$3.l6 level to turn the chart picture134 words
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Article216 1988-01-07 4 Chinese Produce Exchange S»Iot' noon doatog p rtcM an Jon 6 (SS/100 kg) Coconut oil M KM 104.00 Old drum KM 1144)0 Naw drum FOt lit.00 Copra 0MM) 5t Pepper Ytuntufc wf*he KM NIW 1H7J0 TO* faq NIW I172J0 Sofwak Wodi FOi NIW Sorowvli Axto 137 JO btadi216 words
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Article204 1988-01-07 4 SINGAPORE The market closed higher yeaterday with February One RSS buyers quoted at 222.50 cents a kg, up 2.50 cents from Tuesday's dose. Prices roee 1.50 cents at the opening following Tuesday's after-hour firmer trend here and roee further at midday on some speculative and local trade buying in204 words
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Article233 1988-01-07 4 RAS prices kite «)M|R MlnM M NOON CLOSE b* 1 KSS Prompt 224J0 225JON ©cyoci 225.00 2264XN tat 1 KSS Fob 88 222.00 222JON 222J0 223.00N tat 1 KSS Mot 88 220JO 221.00 2214)0 221 JO tat 2 KSS Of 220.00 2224)0 220JO 222J0 tar 3 m233 words
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Article80 1988-01-07 4 UwihAe. 1 -ton poftots) FEBRUARY 88 MARCH 88 (currant month) (forwoi rd month) RAS NOON h»r*n Mwi NOON fcwi S«lir« SSI 30 335 JO 327.00N 225.00 227JON SSI 50 223-50 225JON 223.50 333 JON 1' $aflan SMI CV 278.00 2SO.OON 37? JO 281 JON SM> I 278J080 words
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Page 4 Advertisements
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Advertisement98 1988-01-07 4 *«t| **> WWk > (rPlub 392 jftJ/ V 'Ji A, A" X, ■•■•i w/i V ;>• +*++2 *K. '-.I H)p Entertainment at Singapore's Premier Jazz Club Don'/ m/ss REGINA BROWN and Her Talented 7Wo. A Ooss /V 7 /rom Chicago. Illinois. Regina's Vibrant Voice and Outstanding showmanship will keep you98 words
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Advertisement162 1988-01-07 4 INVEST IN YOUR MIND IN ***** THE GREATEST DISCOVERY YOU WILL EVER MAKE IS THE POTENTIAL OF YOUR OWN MIND AND HOW TO USE IT PRACTICALLY IN YOUR LIFE The "Self-Discovery" Seminar is a 30-hour practical training seminar designed to help you use your natural abilities to achieve: Total relaxation,162 words
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Page 5 Advertisements
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Advertisement165 1988-01-07 5 ONLY ONE COURIER COMPANY IS BIG ENOUGH TO SAY No to a pike increase in *88 for the most reliable courier service in the world. No to a price increase in '88 for a network that spans 800 offices in 172 countries. And no to a price increase in'BB for165 words
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MONEY AND EXCHANGES
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Article1506 1988-01-07 6 SINGAPORE: The US dollar closed narrowly mixed yesterday against major currencies as most operators were uncertain over its immediate direction. Dealers said trading against the yen and Dmark was volatile and nervous during the morning, but calmer in the afternoon. The dollar met selling pressure, especially in the1,506 words
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Article84 1988-01-07 6 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BID OFFER HIGH LOW 3 iinwitta BQ*****H 07.4.88 2.85 2.80 2.93 2.60 6 months BY*****S 30.6.88 2.97 2.92 3.04 2.85 1 year BY*****T 24.11.88 2.42 2.37 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code84 words
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Article, Illustration179 1988-01-07 6 Indicates th# ivtctfi of Hie prime lending rtlM of 12 ma|or banks In t'pore Interbank market r atet (offer/bid) on Jan 6 us$ t DM SWfC Y«n 7 dayi 7 1/1* 6 1J/1* 3/4 S/» 3 J/1* 3/1* is/l-l/l 4 J/1* 3/1* 1 M* 7 1/1-7 3/4179 words
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Article566 1988-01-07 6 MARCH Eurodollar opened six ticks lower at 92.48 yesterdsy following White House statements that the US dollar had temporarily stabilised. The March contract faced further selling preesure from the opening high of 92.48 to 92.41 as the dollar slipped from its high on profit-taking in East Asian trsding centres.566 words
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Article153 1988-01-07 6 Gold futures on Jan 5 100 troy ouncK USS par troy jnce 0>»n Mgft Lot •o«U Jon 4*0.90 2.80 M> 479 00 445.40 476-60 483.20 2.70 Mor 4*3*0 2.70 Apr ***** ***** 482 00 4*9.10 4-2*0 Jun 490.00 496.S0 4*9.00 494*0 2.90 Aug 494 80 300.00 494.80153 words
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Article57 1988-01-07 6 THE OVERNIGHT rate on the Singapore interbank market rose 1% point to close at 3 per cent yesterday. The term rates remained unchanged acroes the board. S$ Interbank rates at 12 noon yestarday: orm ND 3 2 3/4 1 3 2 7/« 2-mm* 3 |/t 3 3 mm*k57 words
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Article258 1988-01-07 6 ASIAN DOLLAR deposit rates closed steady at opening levels in quiet afternoon trading yesterday. Most operators were sidelined in the afternoon due to a general lack of interest in the absence of fresh news. Term rates were narrowly mixed at the outset and remained unchanged in subsequent258 words
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Article1611 1988-01-07 6 CURRENCY FUTURES OPTIONS w tdnMdoy, U wofy 6 1900 MUTKMCMANK (MMEX) 4aa 88 Mil Jm 88 pm LM Sal Lav Sal 56 CAB 57 475 CAB 58 37 JA 370 CAB 5* 275A 270 CAB 60 179A 170 3 *1 89A 85 14 11 14 63 27A 35 4881,611 words
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Page 6 Advertisements
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Advertisement118 1988-01-07 6 m Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16+ per set, they are easy to order118 words
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Advertisement9 1988-01-07 6 11l BANQUEINDOSUEZ 3 Shenton Way. Shenton House. Singapore 01069 words
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BANKING AND FINANCE
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333 1988-01-07 7 AP BANK FAILURES in the oil-pro-ducing states of Texas. Oklahoma and Louisiana last year pushed US closings to their highest level since the Depression of the *****. The Federal Deposit Insurance Corp (FDIC) reported on Tuesday 184 bank closings among the 14,000 commercial banksAP - 333 words
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283 1988-01-07 7 AP ECONOMIST Mailson Ferreira da Nobrega, who was named Brazil's new Finance Minister on Tuesday, has promised quick foreign debt negotiations and an agreement with the International Monetary Fund. Mr Nobrega, 45, replaced Luis Carlos Bresser Pereira who resigned in December over differences withAP - 283 words
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Article, Illustration105 1988-01-07 7 Reuter AMERICAN Vice-President George Bush said US banks should consider writing off some of their loans to Third World debtor countries. "It's proper that these banks take a look at writing down to some degree their loans," Mr Bush told the National PressReuter - 105 words
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388 1988-01-07 7 Reuter JAPAN'S Finance Ministry is likely to ease accounting rules for special money trusts (tokkin) and trust funds in a move brokers said was aimed at bolstering shaky stock market confidence. The ministry earlier this year instructed financial institutionsReuter - 388 words
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247 1988-01-07 7 Reuter JAMES CAPEL Bankers Ltd, the wholly-owned merchant banking arm of Hongkong and Shanghai Banking Corp, will lay off 120 workers in a reorganisation of its London operations. A Hongkongßank spokesman yesterday said that the lending and treasury activities of JamesReuter - 247 words
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446 1988-01-07 7 NYT A US TRUST company has agreed to team up with a leading Japanese bank to enter the lucrative land-trust business. Many landowners are placing their property in such trusts as a way of reducing inheritance taxes that shoot up along with Tokyo'sNYT - 446 words
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Article106 1988-01-07 7 Reuter WESTDEUTSCHE Landesbank Girozentrale and The Mitsubishi Trust and Banking Corp are planning to set up a joint-venture bank in West Germany. A Westdeutsche Landesbank spokesman said in Duesseldorf on Tuesday that the venture would concentrate on international securities trading and was likely to beReuter - 106 words
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Article98 1988-01-07 7 Reuter THE NIKKO Bank (UK) PLC, a wholly owned subsidiary of the Nikko Securities Co Ltd of Tokyo, began operations in London on Tuesday. Nikko Bank said it provides a full range of banking services. "Nikko has grown up mainly as a securities house butReuter - 98 words
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783 1988-01-07 7 IHT FOREIGN EXCHANGE dealers have a phrase to describe the coordinated central bank intervention in world currency markets on Monday and Tuesday; a classic "bear squeeze". As the dollar's value is forced up, speculators are supposed to be forced out. The choice thatIHT - 783 words
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303 1988-01-07 7 FT THE BANK OF FRANCE on Tuesday lowered its key interest rates by a quarter of a percentage point, taking advantage of the buoyancy of the French franc in the European Monetary System (EMS). The reduction brings the French central bank's interestFT - 303 words
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Page 7 Advertisements
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Advertisement58 1988-01-07 7 sjff/f/M/// w// f r/f/a The restaurant with the exquisite Italian Renaissance. I )ecor 10. »J. Wine. Service. I ach is an epicurean masterpiece. u„iv i:.:: P mto v:: P m tSum) ns) ".CCpm to 1 1..w pm //,</ C/MM. 'y/r/r/ SV,APO©f f r< /r K/.S rH<\M!< A I/- '»*< >158 words
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Advertisement186 1988-01-07 7 A figure that makes sense As if the pleasant surprise of the price wasn't enough, we've also given you more standard features than any other car in its class. Every Stellar comes with room for 5. wall-to-wall carpeting, plush reclining bucket seats and a roomy luggage compartment. There're also extras186 words
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Article502 1988-01-07 8 MOVES TO CONTROL the spread of Aids represent yet another example of the sort of swift action that has become a hallmark of the government. Decisive measures had, in the past, helped pull Singapore out of the recession and busted a Marxist plot. Although fighting the502 words
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Article, Illustration2110 1988-01-07 8 The stock market in Singapore, like the I other major markets, has suffered its share of frauds. And since the market can never be fraud-free, Attorney-General Tan Boon Teik suggested that tighter controls and closer policing could be the answer to detect and fight2,110 words
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Page 8 Advertisements
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Advertisement162 1988-01-07 8 M anagers ust anage BT shows you how every Monday. übertutf (Srill is «v <r m U.S. Prime Rib of Beef. Only $22.50. Throughout the month ot January we are offering for dinner US Prime Rib of Beef carved at your table side, served with braised onions, baked Idaho potatoes162 words
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Page 8 Miscellaneous
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Miscellaneous729 1988-01-07 8 CRYPTIC PUZZLE ACROSS 1 Take a chance with a bit of money (4,2) 7 Like an overdrawn character colourfully attired (2,3,3) 8 Overprovide with eats, perhaps (4) 10 One who brings drama to sport? (6) 11 Turn up in a nice car I have (6) 14 Newly on honeymoon? (3)729 words
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Article, Illustration1383 1988-01-07 9 ASAD LATIF - By ASAD LATIF "HEREIN lies one of the great strengths of Thatcherism, a sign of its political endurance and durability, its capacity not only to think strategically but to renew itself long after the point where previous governments had lost any sense of political1,383 words
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731 1988-01-07 9 MICHAEL WISE - By MICHAEL WISE Reuter TWENTY YEARS ago this month Alexander Dubcek took over as Czechoslovakia's Communist leader to spearhead the "Prague Spring" reformist movement whose lingering memory poses difficulties for his latest successor. The entire nation was caught up in the excitement ofReuter - 731 words
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Page 9 Advertisements
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Advertisement268 1988-01-07 9 i S®* 0 co^ \l Q L <.- Mi Mi \0 You nave a business to run, a busy schedule U I SINGAPORE BUSINESS understands your commitment to your work. So, instead of having to go out in the sweltering heat or get held up somewhere in a traffic jam268 words
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Page 9 Miscellaneous
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Miscellaneous1286 1988-01-07 9 w/ to bundo® THURSDAY FEATURE SPECIAL Who Is Julia? 10.35pm, Channel 5 One woman has her body shattered, her face intact. Another loses her brain, but her body still works. So doctors fuse the working parts together and come up with one heck of a confused woman and equally confused1,286 words
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Miscellaneous31 1988-01-07 9 RriStc*r: FtankliLcfcerS 6>RlSTou) U>He.R€-'S Pil6NUTOBeR D 6 SSI 9 Punny you should sp>y rvC6€£N LOOKING, \toßrr on^seF I HAVeM'T SGE.N 4TS»NC£. OOToe>e-R Vf>TH ,THC, DFYy OF TV*e Hi&H UJIND3 Nr. lM<j31 words
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SPORTS & LEISURE
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Article, Illustration349 1988-01-07 10 Champ to get USs26.sm for six title defences Reuter UNDISPUTED heavyweight boxing champion Mike Tyson will be paid U5526.5 million for defending his title six times in the next 12 months. One of Tyson's co-managers, Bill Cayton, said in New Jersey on Tuesday that AmericanReuter - 349 words
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416 1988-01-07 10 AP PLANS for American Frank Tate to defend his International Boxing Federation middleweight title next month against Britain's Tony Sibson were plunged into doubt on Tuesday when British boxing authorities refused to sanction the fight because of its scheduled length. "WeAP - 416 words
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Article, Illustration180 1988-01-07 11 AFP ALEX HIGGINS was once again outgunned and outclassed by his arch-rival, Steve Davis, at Blackpool on Tuesday night. The world champion and snooker's undisputed No 1 ruthlessly battered "The Hurricane" 5-0 to reach the quarter-finals of the Mercantile Credit Classic. It was his 20thAFP - 180 words
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Article, Illustration353 1988-01-07 11 Anti-apartheid activists planning demonstrations at Australian Open AP WIMBLEDON CHAMPION Pat Cash has said that fluffy tennis balls are worrying him more than the threat of anti-apartheid protests at the US$l.9 million Australian Open. "The only protesters I'm going to worry about are my opponentsAP - 353 words
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230 1988-01-07 11 AP UNSEEDED AMERICAN Marc Flur pulled off the first upeet of the New South Wales Open tennis championships on Tuesday when he eliminated No 2 seed Wally Masur 6-4, 6-4. Flur, ranked 134 th in the world, always held the edge over the 36th-ranked AustralianAP - 230 words
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Article, Illustration416 1988-01-07 11 AP AFTER the anowteea conditions that haw piaguad Europa in racant weeks. Switzarland'a Vrani Schnaidar found it exciting to see snow falling. Har first World Cup skiing victory thia yaar mada it avan mora so. Schnaidar adgad Catharina Quittat of Franca in anothar giantAP - 416 words
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Article, Illustration360 1988-01-07 11 AP SWISS RUNNER Sandra Gasser s appeal of a two-year international ban for drug abuse will be heard on Jan 18 in London. Until then, said International Amateur Athletic Federation (lAAF) general secretary John Holt in London on Tuesday, anyAP - 360 words
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Article, Illustration329 1988-01-07 11 AP A TARGET of 175 is rarely testing for a solid batting side against a limited attack on an easy-paced wicket. That was the scenario at the Sydney Cricket Ground on Tuesday night when New Zealand had few difficulties in going toAP - 329 words
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Article138 1988-01-07 11 Reuter THE ASHES, the historic cricket trophy, are leaving Lord's for the first time in 60 years to be displayed at the bicentennial test between Australia and England starting in Sydney on Jan 29. A statement issued in London on Tuesday by the Marylebone Cricket ClubReuter - 138 words
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Page 10 Advertisements
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Advertisement1040 1988-01-07 10 Ul at y*. > MING COURT fIOTEL SlN(.AH>ftfc Ming Palace Steamboat ft gtj' jWJ w P m w Bring your family and friends and enjoy our steamboat buffet dinner laden with fresh prawns, succulent seafood, fresh vegetables, eggs and noodles. Cook up a steaming hot, mouthwatering meal... mmm then take1,040 words
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Advertisement181 1988-01-07 10 The finest Beijing cuisine from Pine Court, with complimentary Hennessy Cognac MENU I includes steamed live sea-fish, stuffed black mushroom and Peking Duck. Price: $688* per table. Complimentary bottle of Hennessy XO. MENUD includes braised shark's fin with chicken sauce, braised abalone with green vegetables and sweet sour garoupa. Price:181 words
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Page 11 Advertisements
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Advertisement426 1988-01-07 11 m m m wt r~' m Ss L-i k_ in Wt PALM GRILL An elegant and intimate ambience. With exceptional French and Continental cuisine. And the very finest wines from our exclusive cellars. BUSINESSMEN'S SET LUNCH $32+ Closed on Sundays. Saturday dinner only. Westin Plaza, Ist Floor. For reservations, call426 words
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Article, Illustration4315 1988-01-07 12 THE SINGAPORE stock market yesterday ended sharply higher in active trading with the leading market index closing above the ST9OO mark for the first time in two months. Brokers attributed the market's continued rally to the4,315 words
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Article272 1988-01-07 12 SINGAPORE 5 Rises Indices Km 5 Jan 6 *15 50 •T CowpodM 7IU3 606J1 Matre HMgt •TO«/OS 326 ■*422 Shangri-ia 4X 50 IT CADI -6943 -#•39 Spar* Land SIS 43 •T 10-day M A -7091 ->049 See* SNpy< 0 I s »rd 257 995 32 30 •T272 words
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Article4560 1988-01-07 12 SECTION ONE INDUSTRIAL COMMERCIAL Acmo II 27 B) 1171 124 ISO I 25 161 123 (25 125 lid 126 (591 126 (IO 1.27 161 129 Alcom 055 S) Amot Sw 50* 11.51 B 152 SI OS 149 (2281 150 (1191 1.51 01 152 (91 1.484,560 words
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COMPANY NEWS
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TAKING STOCK...
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Article, Illustration556 1988-01-07 13 By HOCK LOCK SIEW THE INFAMOUS Amos Dawe. whose name still conjures up images of wheeling-dealing in the just as infamous Mosbert group, is now a free man. The 53-year-old postal clerk turned fugitive financier, however, appears as elusive as ever since he stepped outBy HOCK LOCK SIEW - 556 words
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Article398 1988-01-07 13 THE MARKET is buzzing with the rumour that Hongkong shipping magnate Sir Yue-Kong Pao's Wharf (Holdings) Ltd is planning another takeover bid for Hotel Marco Polo. Speculation sprang from the unusually high turnover in the counter yesterday. Generally a slumbering counter, Hotel Marco Polo chalked398 words
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244 1988-01-07 13 Reuter THE NEW Zealand Stock Exchange (NZSE) is planning new rules including significant changes to the capital requirements laid down for brokers. All sharebroking firms would be required to maintain liquidity and equity levels at a fixed percentage of external liabilities, NZSE presidentReuter - 244 words
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Article74 1988-01-07 13 Faber CEO denies he is quitting "KIP" KAMARULZAMAN Bahadun, managing director and chief executive of Faber Merlin Malayeia Bhd, has denied rumours that he is leaving the property and hotels group, company sources said yesterday. According to them, Mr Kamarulzaman would continue with his efforts to turn Faber74 words
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Article463 1988-01-07 13 Reuter THE AUSTRALIAN share market closed near the day's highs yesterday on strong demand for quality industrial stocks which offset weakness in the gold sector, brokers said. Blue-chips such as media, transport, building and diversified industrial stocks made substantial gains, as did several base metal miners. The market wasReuter - 463 words
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Article274 1988-01-07 13 Monogers' prices fftr Inn 7 Jopon Gr Fund Shanton TVUt Fund 145 Oil 150 0.81 UOB Management Singapore Unit Trust Unifund 082 0.82* Tha Con—rc* 093 099 Umbond 0985 1 006* Th* Savings Fund S port frog Fund Oil 0.37 087 041 MARA-Bumlputra S'por* Sac Fund 0.62 0.47274 words
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Article251 1988-01-07 13 JAN M All Sincere Indus. NT I 283 86 00 f--0 02 1 9 Kuochan Dav Laa Chang Yuan Cham Indue Lien Hwa Indua Nan Ya Plaa 37 30 32 80 30.10 49 80 1 0.9 0.8 14 1 87 00 48 90 14 Chang Hwa Bank.... Cheng Loong251 words
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271 1988-01-07 13 A MEETING of creditors which would have decided the fate of troubled coffee trading giant Teck Hock Co was yesterday adjourned while details of a rescue scheme are ironed out. The meetings of bank and trade creditors will now be held271 words
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Article, Illustration475 1988-01-07 13 AFP THE HONGKONG government has been criticised for intervening in the stock exchange scandal. The chairman of the Hongkong Stockbrokers Association, Henry Wu, said government's plans to take over the Hongkong Stock Exchange after the weekend arrests of three senior exchange officials "would representAFP - 475 words
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355 1988-01-07 13 AFP HONGKONG'S anti-graft agency. the Independent Commission Against Corruption (ICAC), has hit international headlines after its arrest on Saturday of three senior stock axchange officials. The ICAC has gained much respect among Hongkong's 5.5 million people for its graft-bust-ing work in the past 13 years.AFP - 355 words
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3887 1988-01-07 13 INSTITUTIONS and small investors continued their buying spree on the Kuala Lumpur stock market yesterday, sending share prices higher across the board in fairly active trading. The buoyant mood was reflected in the New Straits Times Industrial Index which shot up 45.27 points to3,887 words
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WORLD MARKETS
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Article1025 1988-01-07 14 New York Reuter WALL STREET stocks closed higher for the second consecutive session on Tuesday after profit-takers picked away at some of the biggest gains. The Dow Jones Industrial Average rose 16.25 to 2,031.50 after a 50-point mid-day gain melted away in the last two hours ofReuter - 1,025 words
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Article941 1988-01-07 14 London Reuter UK SHARES opened mixed to easier yesterday with operators choosing to mark down prices after Wall Street gave up the greater part of Tuesday's early gains, dealers said. Wall Street closed with a 16-point rise, having been up 60 points. A massive 5.6 per centReuter - 941 words
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Article1242 1988-01-07 14 Amsterdam MM M u ABN 40 30 +1 03 10 4-4 6 AhSd 06 50 7 1 Akzo 80 50 4 4.4 Alrama AMEV 144(0 40 70 •♦■0.5 4 3 7 •0 40 Am Stad M SO 10 1.2 BOLS 83 SO *♦•3 5 BeraunWI Buahrman Ta«* Catva 86 201,242 words
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Article475 1988-01-07 14 Reuter JAPANESE stocks were propelled skyward yesterday as news that the Ministry of Finance is likely to ease accounting rules for special money and fund trusts bolstered market confidence. A revived dollar also set fertile ground for a rally. The Nikkei Average soared 1.215.22 points or 5 63 perReuter - 475 words
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Article158 1988-01-07 14 Reuter THE SECURITIES Exchange of Thailand Index rose 13.23 points to 315.14 on a turnover of 9,905.126 shares worth 880.01 million baht. Reuter JAM M Ao Kham Thai AyuJ' iyi lr>vaatm» Bangkok Aground Bangkok Bank Bank CX Ayudftya Charoong Thai W1 BCaMa Data mat Ohana Slam Fin Aala FlbraReuter - 158 words
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Article87 1988-01-07 14 JAM M KM Lopomo B Marcoppar 0 004 1 40 -0 570 gnch Ortarrtal B 0 00 0 0025 Anglo Phil 0 023 0 006 Ptlll OvtTMM 0.040 0.001 Apax MIrw no B 0 0600 -0 0025 Phlla* B 2^® 0.57 uneh 0 unch unch 1 0 unch aiim87 words
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Article1380 1988-01-07 14 Hongkong SHARE PRICES closed firmer in hectic trading on continued buying interest from local investors yesterday, brokers said. The Hang Seng Index closed 50.80 points up at the day's high of 2,463.02. The Hongkong Index rose 30.28 to 1,611.12. Turnover was HK$l.37 billion against HK$l.OO billion on1,380 words
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Article111 1988-01-07 14 JAM Ot won Kai ***** 200 Kangwon Ind Kia Motor ***** ***** -300 -160 Cn«> Sugar ***** 1000 Daalim ind Daawoo Corp ***** ***** 1000 000 Koraa Long Tarm.... 1000 Dhwoo Haavy Daiahtn S*cur>ti*i Dong Ah Pfiar ***** ***** ***** -600 1300 600 Onantal Brawary Ooanta' Churn ***** *****111 words
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Page 14 Advertisements
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Advertisement325 1988-01-07 14 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MITSUMI COMPANY (PRIVATE) LIMITED (Members' Voluntary Liquidation) FINAL MEETING NOTICE is hereby given, In pursuance of Section 306 of the Companies Act, Cap. 50, that the FINAL GENERAL MEETING of the members of the abovenamed325 words
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Advertisement311 1988-01-07 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF IHC SINGAPORE PTE. LTD (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the members of IHC SINGAPORE PTE. LTD. duly convened and held at 10 Collyer Quay. #21-01 Ocean Building. Singapore311 words
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Advertisement262 1988-01-07 14 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 GRATEFUL TRADING CO PTE LTD (In Voluntary Liquidation) At an extraordinary general meeting of the company beld at 156 Cecil Street, #07-02 Far Eastern Bank Building, Singapore 0106 on 4th January 1988 the following special Resolutions were duly passed:1. That the262 words
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Advertisement256 1988-01-07 14 IN THE MATTER OF THE COMPANIES ACT, CAP SO AND IN THE MATTER OF ESSENTIAL REDECORATION SERVICES PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 1302 Toa Payoh Lor 1 #06-01 Slong Hoe Building. Singapore 1231 on 4256 words
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Advertisement6 1988-01-07 14 Sydney, Talp«i prices on Pag« 136 words
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1714 1988-01-07 15 JULIANA TAY - BT TOP 100 RANKING BY SHAREHOLDERS' FUND as at December 31 1987 Compiled by JULIANA TAY Notes (S) Incorporated in Singapore. (M) Incorporated in Malaysia. (UK) Incorporated in the UK. AA Not ranked in December 1986. F First year of listing. L Loss. NB: All banks' consolidated assets exclude customers'1,714 words
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557 1988-01-07 15 ROSIE TAN - Higher profits and cash calls boost shareholders' funds By ROSIE TAN THE LATEST ranking of BT's Top 100 listed companies by shareholders' funds reflects the economic recovery that began in mid-1986 and continued into 1987. Many of the companies posted increased profits which boosted557 words
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1273 1988-01-07 15 LISA LEE - Cash calls By LISA LEE PRIOR TO the fateful day on Oct 19, 1967 could be seen aa an excellent year for companies trying to raise funds on the stockmarket. A total of 12 Singapore-based companies successfully tapped over $1 billion1,273 words
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259 1988-01-07 16 AP THE UNITED STATES during recent trade talks in Washington gave South Korea three weeks to open its market to more than 100 US agricultural products, a report said yesterday. Yonhap, the South Korean news agency, quoted unidentified sources as saying theAP - 259 words
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Article98 1988-01-07 16 AFP A SOUTH KOREAN government trade organisation said in a report in Seoul yesterday that Japan was building non-tariff barriers to limit the sale of South Korea s goods in Japanese markets. Japan was strengthening non-tariff barriers against major South Korean exports including marine products, footwear,AFP - 98 words
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280 1988-01-07 16 Reuter THE US has rejected Tokyo's longstanding request to lift remaining sanctions on selected Japanese exports because of Japan's alleged failure to improve foreign chipmakers' access to its market. "It is impossible to lift the sanctions in the current situation,"Reuter - 280 words
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Article, Illustration253 1988-01-07 16 MR GIAM CHIN TOON, the man who took over the helm of the Law Society in November 1986 from Mr Francis Seow, has been re-elected for another one-year term of office. A former magistrate who is now in private practice, Mr Giam became president of253 words
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299 1988-01-07 16 Reuter CAMBODIA'S pro-Vietnamese government marks its ninth anniversary in power today somewhat less of an international outcast. Analysts forecast no quick end to hard times for the country's five to seven million people. Rice shortages annual events are again expected, which wouldReuter - 299 words
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240 1988-01-07 16 AP ITALIAN Prime Minister Giovanni Goria told Indonesian President Suharto yesterday that Italy sought mutually beneficial cooperation with Asian nations. Mr Goria arrived in Jakarta earlier in the day with a delegation of 40 government officials snd businessmen for theAP - 240 words
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126 1988-01-07 16 AFP HEIRS of the sultan of Sulu, who have claimed proprietary rights over the Malaysian state of Sabah, are also claiming the Indonesian region of Kalimantan, news reports said in Manila on Tuesday. The heirs, who are currently negotiating a settlement to theirAFP - 126 words
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233 1988-01-07 16 AFP THE PHILIPPINES is eyeing a debt rescheduling plan similar to that recently proposed for Mexico, Finance Secretary Vicente Jayme said in Manila yesterday. He said the Mexican plan, whereby Mexico buys back its debt on the secondary market using government bondsAFP - 233 words
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339 1988-01-07 16 AP KIM Young-Sam was overwhelmingly reconfirmed as leader of South Korea's main opposition party yesterday after he offered to resign for losing in laat month's presidential election. A special convention of the Reunification Democratic Party voted by 819 votes to 76 to reject MrAP - 339 words
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402 1988-01-07 16 TONG SUIT CHEE - By TONG SUIT CHEE A SLIGHTLY LOWER forecast of Singapore's 1988 economic growth than the one given by the Prime Minister came yesterday from Mr John Evans, chairman of the Singapore International Chamber of Commerce Singapore can expect a growth of 4-5 per cent this402 words
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Article93 1988-01-07 16 Reuter AUSTRALIA'S budget deficit for the first half of fiscal 1987/88 ending June 30 fell to about A 54.5 billion from A 57.6 billion in the first half of 1988/87. The Australian Reserve Bank said yesterday the recent revision of the 1987/88 budget outcome suggested sReuter - 93 words
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LATE FILE
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54 1988-01-07 16 AFP WEST GERMANY. Japan and the US reached a secret agreement last month to stabilise the dollar at between 125 yen and 140 yen, NHK television reported in Tokyo yesterday. The three countries have set up a US$l5 billion fund, each providing US$5 billion, toAFP - 54 words
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Article51 1988-01-07 16 AFP PHNOM PENH has suggested Jan 20 for the second meeting between its premier, Mr Hun Sen, and Cambodian opposition leader Prince Norodom Sihanouk, the Cambodian ambaaaador in Moscow said yesterday. Mr Hun Sen would stop off in Moscow before and after the talks.AFP - 51 words
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Article53 1988-01-07 16 UPI ABOUT 1.200 dissidents and students Jailed or banned for political crimes will be freed or have their civil rights restored before the inauguration of president-elect Roh Tae-Woo next month, officials in Seoul said yesterday. The Justice Ministry Is screening those convicted of political crimesUPI - 53 words
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Article41 1988-01-07 16 Reuter JAPAN and the United States have struck a deal over Tokyo's import quotas on 10 minor farm products, but remain deadlocked in their dispute over trade in computer chips, government officials said in Tokyo yesterday.Reuter - 41 words
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42 1988-01-07 16 Reuter GOVERNMENT ministries arc doing their utmost to impede Soviet leader Mikhail Gorbachev's programme for economic renewal, a prominent economist aaid in a youth daily in Moecow. The article said reform was threatened by old methods of direction.Reuter - 42 words
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Page 16 Advertisements
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Advertisement15 1988-01-07 16 PATEK PHILIPPE GENEVE 'nam 6 Scotts Road 01-16 Scotts Singapore 0922 Tel. 737 37 0815 words
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Advertisement261 1988-01-07 16 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 head-to-toe in over $2,000 worth C of clothes from Mel- H wani. The outfit will261 words
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SHIPPING TIMES
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567 1988-01-07 17 LINDA CHEE - By LINDA CHEE THE International Transportworkers' Federation (ITF) has agreed to review its stand on Singapore as a flag-of-conve-nience (FoC). This was the outcome of private discussions held during the ITF's Maritime Policy Committee meeting in Baltimore on Dec 17-19, where Singapore's two seafarer567 words
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202 1988-01-07 17 Lloyd's List RIVAL OPERATORS Maersk Line and American President Lines have launched an independent action battle in the strategic Pacific trades. Maersk Line has informed the Japan-Atlantic and Gulf Freight Conference that it will extend the validity period for independent actionLloyd's List - 202 words
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137 1988-01-07 17 AP SOUTH KOREA'S shipbuilding industry registered a small drop in orders in tonnage terms during 1987, the Korea Shipbuilding Industrial Cooperative said. The cooperative said .orders for 1987 totalled 3.43 million tons, a drop in tonnage of 2.3 per cent compared with theAP - 137 words
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PORTSIDES
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109 1988-01-07 17 Reuter OIL TANKER/combination carrier tonnage sold for scrap in December fell to 323,780 long dwt (five vessels) from 562,770 long dwt (nine) the previous month. London shipbroker Howard Houlder said. The latest sales brought the total for the year to 8.34 million long dwtReuter - 109 words
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95 1988-01-07 17 Reuter A TAIWAN cargo vessel sent out a distress call on Tuesday after losing control of its rudder in heavy seas off northwest Spain and two tugs were sent out to help it, a port authority official said. The Ocean Peace was drifting 19kmReuter - 95 words
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89 1988-01-07 17 CHRISTOPHER WADE has been appointed controller of classification of Lloyd's Register. Says Mr Wade: "As I see it, my two main functions will be overseeing LR's duty of reporting with accuracy the ship survey positions of the Classing Committee, together with ensuring that the appropriate89 words
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497 1988-01-07 18 Reuter DRY CARGO futures started the New Year buoyant, breaking new ground in anticipation of a further improvement in freight rate levels in first quarter 1988, traders on the Baltic International Freight Futures market said. Near April futures closed at aReuter - 497 words
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633 1988-01-07 18 Bernama-UNS DOCKSIDE ceremonies to mark the start of a new, fast-transit Pacific express service that links Hawaii with the US west coast and the Asian rim have been held in Honolulu. The launch saw the arrival ofBernama-UNS - 633 words
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Article763 1988-01-07 18 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III763 words
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Article1453 1988-01-07 18 RENEWED Soviet activity in the time-charter sector to cover grsin cargoes out of the US festured on the freight market on Tuesday, shipbrokers said. Severs! Pansmsx vessels sre believed to have been srrsnged by Soviet charterers but no confirmation hss been obtainable. However, brokers said the Mistrsl of1,453 words
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275 1988-01-07 19 FT THE WORLD shipbuilding industry is likely to suffer from substantial excess capacity well into the *****, according to a United Nations report published on Tuesday. The report, compiled by the UN Conference on Trade and Development (Unctad) says exceesFT - 275 words
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230 1988-01-07 19 Reuter THE PORT of Montreal aaid ahipowners srs diverting cargo from Montreal to other porta due to a contract diapute which haa led to five recent 24-hour walkouta. Dominic Taddeo, general manager at the Port of Montreal, aaid 20,000 tonneeReuter - 230 words
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168 1988-01-07 19 AP A SINGAPORE-REGISTERED library ship chartered by the Evangelist Church ran aground on Turnday in stormy wsathsr at ths southern tip of South America, and all 138 people aboard wars rescued unharmed. Ths Chilean Navy reported that the Logos run aground inAP - 168 words
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219 1988-01-07 19 Seatrade Week THE 12 LINER companiea that paid US$2 million in finee to the US Federal Maritime Commission after the commission's rebating inveettgation have now submitted guidelinee for the eetabiishment of an enforcement authority, or eeif-po-licing committee. This enforcement authority will compriseSeatrade Week - 219 words
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153 1988-01-07 19 Reuter ONLY TWO TUGS out of Nvtn at Dar-es-Salaam port ara in full working or Oar and harbour pilots said they ara working flat out to copa with shipping movamants. However, the Tanzania Harbour Authority (THA) said the two operational tuge ara sufficient toReuter - 153 words
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Article55 1988-01-07 19 AP THE ARGENTINE Navy on Tuesday seized a South Korean fishing trawler skm inside its 320 km territorial zone, officials said. The Seyany A-51 carrying 62 tons of fresh squid and its crew of 28 were arrasted without incident in Argentine waters. 1,400 km southAP - 55 words
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Article207 1988-01-07 19 ALL SURVEYS were conducted on Doc 21 30 veesels oporating; Bahis Blanca Normal operation. Brisbane, Sydney. Melbourne, Fremantle and Adelaide Normal operation. Chittagong Waiting time of up to one month. Santoe SO veeeeta operating. Douala Waiting time of up to one day. CMe Arica and Valparaiso Normal operation.207 words
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256 1988-01-07 19 Kingsley Wood - From Kingsley Wood BOTH the insurance industry and exporters are locked in an intense lobbying campaign in a lead-up to government changes in the Sea Carriage of Goods Act The Insurance Council of Australia has warned that maritime insursnce changes supported by256 words
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8644 1988-01-07 24 AARHUB Arthur Maarak. Maarak Una. Jan 1 Ming Prominanca. Yang Mtng, Jan 10. Franldurt Expraaa. Trtot. Jan 11<PK). Nad Dam ScanOutcht. Jan 12. Evar Qroup. Evargraan. Jan 12. Tang Ha. China Ocaan. Jan 11 Villa da Ptuton. CM D APratamant. Jan 118,644 words
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Article89 1988-01-07 24 Area/Port Vlicotlty Danaity Walar CST at 50C G/ML at 15C VotunwO/0 Afrtca/Rad 8m Joddah 168/180 0.954/0.957 0.0/0.8 Durban 70/170 0.976/0.992 0.0/0.2 Arabian QuN Ros Tanura 141/171 0.948/0.949 0.1/0.3 Bahrain 186/190 0.975/0.976 0.0/0.1 Europe Rotterdam 139/555 0.973/1.007 0.0/1.2 Hamburg 144/378 0.973/0.992 0.0/0 J U Hovro 24/353 0.922/0.98689 words
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Article1161 1988-01-07 25 AT CONVENTIONAL WNARVE8 rika SPC XI 19 JI2 07 01/1530 0701/0800 0901/1900 0701/1800 Toyohqi No 5 J8 07 01/1600 0701/2330 VhmI Sarth Arrival Dapartura Trono JI2 0701/1900 0901/1900 KEPPEL WHARVES MARINA WHARVES April Glory K2B alongside 0701/1800 Hong Soon M4C OkHIQtldt 07 01 £600 Bol Ruminski KIB1,161 words
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Page 17 Advertisements
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Advertisement936 1988-01-07 17 aO° ha< i TIMES j STP Distributors T>m»« Croup WM »N£ SHIPPING AGENCIES (R«f. No. 2G*4/ <X*> •1111 l 200 CllßMlWt tad #12-06 Soutkponrt. Swpport 3208 All IfJ Td *****1 TELEX NO RS 2(179 mrrnnwmnnjen to *****11 220 r J BOOKINGS Td *****34 23S JARWNI SWPPINC AGENCIES SON. BHD. SSnSS*OirT936 words
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Advertisement74 1988-01-07 17 DRY CARGO futures started the New Year buoyant, breaking new ground in anticipation of a further improvement in freight rate levels in first quarter 1988. Page II THE WORLD shipbuilding industry is likely to suffer from substantial excess capodty well into the *****, according to a United Nations report published74 words
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Advertisement566 1988-01-07 17 >rC\\ TIMES STP Distributors MAERSK LINE 1 FAST TRANSIT SINGAPORE/ LONG BEACH 18 DATS This ww* Anna M Closing Time CY— 13/1 2300 MRS CFS 13/1 1300 MRS ANNA M MO2 M ROTTERDAM 8802 LAUST M 8802 ANOERS M 8802 AXEL M 8804 ARILO M 8804 LUNA M 8804 Th»566 words
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Page 18 Advertisements
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Advertisement506 1988-01-07 18 COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN ft WEST AFRICA OUTBOUND TO NORTH CONTINENT IE HAVRE ETA ROTTERDAM ETA FELIXSTOWE ETA 7/2 E2HE23 VIILE DE PLUTON E*****Q1H v i 2*2 Alto accepting cargo to alt U.K destinations. Scandinavian (Aarhus. Copenhagen. Gothenburg) and other European Inland points 1506 words
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Advertisement19 1988-01-07 18 Lines and services represented by n Members of the Registry of Accredited I? Shipping Agents. Singapore National Shipping Association.19 words
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Advertisement359 1988-01-07 18 CHARGEURS RE UN IS f '<■' CR ABIDJAN HMAKATA MARU LA-ftCUNKM nm ALSO ACCSPT CftlWO TO MiIIWIIIIII. I IfftHffrt. I P HOWE P GENTIL/ÜBREVILLE OOUAU COTOMOU LOME mm mm vm mm urn no. YAOU ui OP I SINGAPOfif FNQUIOIF S 3"* 44 FA* Optorg Shipping Pte. Ltd 1 EL M359 words
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Page 19 Advertisements
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Advertisement751 1988-01-07 19 The Straits Steamship Group I STRAITS SHIPPING r Singapore to Sibth, jsrswsfc. Brunei Port* and Bangkok i Mansfield Container Shipping Re Ltd 1 I c m m vm mm mm um »m ]tm am am am am am am am vm am mm rrj um m am am um um751 words
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Advertisement602 1988-01-07 19 M EUROPE kski auoi m kuui a TMMI SC USA PANAMA H I*l TO USA/CANADA WEEKLY FULL CONTAINER SERVICE FEEDER NUPTSE Vl2O ir !N:icrrßL j wri»i l/l 7/1 I «/l P. MADISON V 142 I— 115/1 114/1 IIS/1 117-11/1 I UJI P. HOOVE* vn 22/1 121/1 122/1 IM-25/1 NUPTSE via602 words
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Page 20 Advertisements
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Advertisement238 1988-01-07 20 containership service to uk/continent AU UK INLAND DESTINATIONS, BELFAST. DUBLIN COPENHAGEN. AARHUS. GOTHENBURG, NALMO. HELSINKI. OSLO. AMSTEROAM CARIBBEAN A S. AMERICA CONV SEMI CONTAINER SERVICE TO EUROPE CONV SEMI-CONTAINER SERVICE TO MED EUROPL CONTAINERSHIP SERVICE FROM UK CONTINENT Jtyanfai£ine FAR EAST MAURITIUS/SOUTH AFRICA SERVICE REGULAR FULLY COMTAMERMED EXPRESS SERVICE 'Alio238 words
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Advertisement877 1988-01-07 20 pi: T' FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ Membff nf the Acf Cofttoct*my FROM t'JROPf VIA SUE/ J A Mrmbfr ol thr Acf Consortium mil* CONTAINf PISfD 10 (ROM NORTH AMIRIOA AfS! COASI CONVtNTIONAL SERVICE TO PERSIAN GULF VESSEL KUANTAN S PORE LOADING FOR HAISBON V.38 15/1 DUBAI. DAMMAM877 words
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Advertisement1194 1988-01-07 20 EVERGREEN lound-The-World East Bound (FE/CARIB/USEC/EURQ/FE) SGP HKC HSC KLC PUS OSK TTO KSN CMS >AL NTC UM AM mm n« ar tea EVER GLEAMT/EVER GUI DC ln« 1»1 l« 1« M «1 1« J J WER GOLDEN I*l I*l «1 22/1 S S "S Tfl STh nn zm 27/1 an1,194 words
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Page 21 Advertisements
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Advertisement711 1988-01-07 21 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 1 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE REPULSE BAY REPULSE BAY I RED SEA/EAST AND WEST AFRICA SERVICE 18-IJ/1 18-20/1 28-30/1 18-21/1 2S-28/1 4-8/2711 words
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Advertisement501 1988-01-07 21 1 \CJk BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT P HAVf N DOM NAVM Ifl 40 *1 w llfl *7 w ao an 22a vi 7 vo W 10 IV3 IV3 an ao an ao uo ma aa MO ao M 170 on an w EXPRESS CONTAINER SERVICE FROM501 words
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Advertisement491 1988-01-07 21 i l\< •131 DJASAGETRI A Joint Europe Service Of: P.T. BJAKAITA LLOYD P.T. BESOM LLOYD ft. tmmu \mmm p.t. twxom lloyd sa t DJAKARTA LLOYD INDONESIAN NATIONAL LINF EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE POM BILBAO ANTWERP H'BG/ ROAM/ADAM BREMEN it-u/2 I*l m STORE NFK ML NYC NOU HOU491 words
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Advertisement332 1988-01-07 21 BOUSTEAD SHIPPING AGENCIES FA-AN VUM HTONEYWA V23IW MYOMAYWA BURMA FIVE STM (Burmese National Line) Sport P.Kelang Panang Bangkok 11% lan 12/14 ian 17/19 ian |/M ian BANK LINE NORTHBOUND TO UKC SPORE ROAM MUU. HMBG MORAYBANK V4N 25/ I 15/2 23/2 19/2 CLYDEBANK V22N 1/2 29/2 $13 Aft FORTH BANK332 words
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Page 22 Advertisements
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Advertisement1315 1988-01-07 22 LL K"UnE SHIPPinG-DflTfl ATLAFITIC CDAST (Round-The-World Service) ORIENTAL FAITH V 6 ORIENTAL FRIENDSHIP V 6 •VIA FEEDER •PK/PNG Sid 9 Jin NYC HFX 13 Fa 6 17 Fa* 20 Fab 24 Fab PACIFIC SOUTH-WEST FEEDER VSL 'PK/PNG SP MOTHER VSI LA/LB OAK CHICAGO NEW YORK ORIENTAL FAITH V 6 Sid1,315 words
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Advertisement728 1988-01-07 22 INDIA EXPRESS CONTAINER SERVICE Aoeepllng PCL/PCL Containers an faxirsi. 1 H COURIER V27N t Jan rilruttiT>n<lwlr>> RIPVJRA V UN U JM tfyHl W M 11 INDIAN COURIER VJ7H t.O TRIPURA VUN LOTTt KNEEL V.J# ***IDAJ VMM TMODOR FONTANE V.I4N S O A. PftAOESM V MM LOTTE SCHEEL VU INDIAN COURIER728 words
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Advertisement597 1988-01-07 22 GOLDEN LINE GUAN GUAM SWUNG (PTE) LTD 0. T«M AMr SINGAPORE MO I (II LINES) Fw: STRAITS/PERSIAN GULF SERVICE: GOLDEN HARVEST Cotombo/Karachi/DuOa. 11/26 Jan fiOLDCN LAND Cotombo/Karachi/Oubei VW Fab CHINA SERVICE A VESSEL Stonriwi/NMkM| 10fl2 Jan BAI YUN MAN Sh*n|t»!/H»nfcin| Jen S port PKttonc Pmni 11/20 Jin 111 Fat N597 words
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Advertisement402 1988-01-07 22 W 23 i' DOHA, MUSCAT, BAHRAIN ASU OHAH A BHAIUAH. r PHILI OHKNT LIN(S PT€ LTD had nit cr *3 flosi»«so* road r i? A" HO AS A PU'lfliNG SIMGAI'OHC 01C' rs ?«?;n PHIII fai COOmO.RMACN.KMMr EAST AFRICA.WEDITERRANEAH m nni": an. m. w UTTAIOA. KMHAfI TMPOU. ALEXANOMA. sum MEDLINE N.402 words
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Page 23 Advertisements
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Advertisement668 1988-01-07 23 NOL NEPTUNE ORIENT LINES LTD 7 t T7T77T NEPTUNE AGENCIES PTE. LTD. Ff EU/AUBT TPA/SEA Terminal Cfl BOOKINGS *****98 *****«2 mm mini imu* nui vmu imm NEPIINE SON. BHD. MM HMM|OUT«UW NEPLINE SON. BNO. 2U«n INWMtU 2JWON NEPIINE SON. BHO. umvtZMHWmKm NEPIINE SON. BHO. T TO EUROPE/UK (VIA SUEZ): I668 words
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Advertisement371 1988-01-07 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI CONTAINERISED DIRECT SERVICE TO P KEI ANG. PENANG BUSAN INCHON SEMI-CONTAINERISED DIRECT SERVICE TO: P.KELANG, PENANG, BUSAN, INCHON VMad'i Nam ETDK MX IPORE PKELANC BUSAN Na I Dontm/710* 27/U 07/01 1114/11 14-17/01 77-SVai No 7 DMMM/711N mm um 14-17/01 11-M/H M-02/02 am 2Mi a-am371 words
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Advertisement660 1988-01-07 23 SINGAPORE SOVIET SHIPPING u) PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Linet) Terminal Office: *****41/2 Cable Addreea SINSOV SINGAPORE Telex Numbers RS 213WRS ***** RS ***** Ls£2?ui. ryAMfi miMiHr Mfl HANOLING SYSTEM 00 KM BHD CM* iAYAPOM PENAN* Tit t&U&k TmJSaV ft HsTm PASIR GUDANC660 words
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Page 24 Advertisements
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Advertisement346 1988-01-07 24 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 (30 Lines > FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD DEUTF R ACHT/SE EREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO: Accepting cargo tor INDIA Bombay, Cochin. Madras 1 Calcutta "VIA LARNACA: Accepting cargo for346 words
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Page 24 Miscellaneous
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Miscellaneous165 1988-01-07 24 Yi Regionol Weather yj^ 4 si 53*. Sr a ■&1 V S! S 1 9i u SIGNIFICANT WEATHER AND SEA CONOTTIONS AT 7.30 AJft. THIS MOfWMQ. *c d W»id direct-on wifti speed n knots UGM R Thunderstorm .j- X\ Weott*ef Wind dwect»on w»tt> speed n knoti J? 0 Wove hr<g^t165 words
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Page 25 Advertisements
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Advertisement1003 1988-01-07 25 IZUMI LINE REGULAR EXPRESS CONVENTIONAL SERVICE TO CALCUTTA VSL BIT Soots Loading For WAKAYU 63A 1962 15th JAN 88 CAL. MADRAS* •SUBJECT TO INDUCEMENT G. AGENT: TAIKA SHIPPING i ENTERPRISES PTE LTD TLX ***** TAIKA TEL *****78 BOOKING AGENT: RICK MARINE ASSOCIATES PTE LTD TLX ***** RMA TEL *****86 Vfh7S////v1,003 words
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Advertisement181 1988-01-07 25 UN I PACIFIC TRANS. TRADING AGECY PTE. LTD. IRAQI LINE •«o s's T sf <c« EAST BOUND SERVICE ETA S PORE LOADING FOR ALFARABI 30fl Jlpi n MV SIND6AO an jipin WEST BOUND SERVICE ETA S PORE LOADING FOR MV BASRAH |/1 Jaddah Awk MV BAGHDAD Ufl U THROUGH B'li181 words
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Page 26 Advertisements
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Advertisement369 1988-01-07 26 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** CAR CARRIER SERVICE TO MUARA/KUCHING KK Loading at appropriated Berth P4-P5 NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN t CHINESE PORTS, SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS KK369 words
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Advertisement497 1988-01-07 26 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/ttULF/CANADA/HEXI AND FRENCH WEST INDIES Also scrvint GULF Savannah. Miami, Mobile. mm unaaiw, Vera Cruz. Miico City/ FRENCH W Indie. Port De Fnm, Pomtra A. Prtra. Daarad D. Caiwm. T 0 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD)497 words
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Advertisement240 1988-01-07 26 LCL WEEKLY SERVICE TO: KEEL UNG IS/1 MM/MBH IS/1 BMKKOK 9/1 ROTTERDAM IS/1 HON6KONS 8/1 TILBURY IS/1 FRaMNTIE IS/1 SVD/MOS 11/1 ADELAIDE 18/1 (transit time 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY ETD GERMANY ETA S PORE CON-CARRIER 52/87 22/12 11/1 CON-CARRIER 53/87 29/12 18/1 LCL SERVICE TO CARRIBEAN PORTS240 words
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Advertisement655 1988-01-07 26 *****53/*****11 .04-*****2/4, 6*7293 •07-*****8 '07-*****3, *****5, *****0, *****1 •02-*****22 *****88 /M CALL US AT; i P. KELANC r PENANG i"v J. BAHRU P. GUDANG SINGAPORE K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER B BUTANG 405 PKELANCI MTHR VSL 0201 JUTLANDIA N delft SINGAPORE I LEHARVE «01 I655 words
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