The Business Times, 14 January 1988
1988-01-14
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The Business Times
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Title Section11 1988-01-14 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, JANUARY 14, 1988 75 CENTS11 words
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Article154 1988-01-14 1 OvtrMM markets Wtdniidoy HK Hang Seng Index 2383.79 (-58.62 Tokyo NNdcei Avtrogt *****.99 (-300.06 Sydney AJI-Ordlnaries 1272.7 (-14.1) Tuatday Now York (Dow Jone*) 1928.55 (-16.58 London (FT 30 Indox) 1396.9 (-20.5 (Wednesday noon: 1386.0; -10.9) Exchange rates US$« 126.05/15 yon 1.6265/75 DM S$2.0150/60 £t US$1.8310/20 M$> S154 words
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Article50 1988-01-14 1 Reuter WALL STREET stocks fell right from the opening bell yesterday with the US dollar falling sharply against the yen and less severely against the mark. The Dow Jones Industrial Average was off 20 at 1909 in early trading and declining issues led gainers by two-to-one. ReuterReuter - 50 words
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Article45 1988-01-14 1 AFP THE DOWNWARD pressure on the dollar sent shares further down at mid-session yesterday on the London Stock Exchange. At 1200 hours GMT, the FT 30 index lost 10.9 points at 1,386 and the Footsie 100 index was 13.7 points lower at 1,725.5.AFP - 45 words
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Article, Illustration584 1988-01-14 1 ELAINE KOH - MINISTER ALLAYS FEARS OVER DISCRETIONARY POWER By ELAINE KOH AN AMENDED Income Tax Bill, a section of which is aimed at combating blatant forms of tax avoidance, was passed by Parliament yesterday. When Finance Minister Richard Hu moved the bill through its584 words
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Article, Illustration271 1988-01-14 1 A WEAKER greenback plus concern that the US November trade figures, due tomorrow, would be disappointing caused major Asian markets to close lower yesterday. Dealers said Wall Street's overnight fall of 16.58 points to 1,928.55 depressed sentiment further. In Singapore, prices of271 words
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298 1988-01-14 1 THE US DOLLAR fell sharply yesterday, continuing its decline against the yen for the third consecutive day. Central bank intervention failed to stem the plunge amid heavy trading in Tokyo. A major factor that caused the plunge was a news report that Japanese298 words
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Article, Illustration450 1988-01-14 1 Reuter TAIWAN PRESIDENT Chiang Ching-Kuo died of a heart attack yesterday and vice-president Lee Teh-hui, 65, was sworn in as president. In a live television address, Premier Yu Kuo-hua said the 77-year-old president, son of China s war-time leader Chiang Kai-Shek, died at 3.55pmReuter - 450 words
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Article, Illustration455 1988-01-14 1 GENEVIEVE CUA - By GENEVIEVE CUA LOCAL TRIGGERS for a recession this yesr do not seem to exist, but foreign events could leed to setbecks to Singapore's economic growth, according to a UK research company. If international economic conditions remain favourable, Singapore's economy will grow bySource: Smith New Court Far East - 455 words
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156 1988-01-14 1 AP THE US has asked South Korea to raise the value of the won by 10 to 15 per cent against the US dollar, Finance Minister Mr Sakong II said yesterday. He said this would be in addition to about an 8 perAP - 156 words
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Page 1 Advertisements
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Advertisement221 1988-01-14 1 TIEN COURT J? SICHUAN CUISINE ft* King's Hotel Havelock Road Singapore 0316 Tel: 733 0011 r 11 being tied up. whgiwim mm K? a y. u -•A Va n 0 1 a> a If you find difficulty in getting sufficient working capital to match your increasing sales, GPF can help221 words
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Advertisement355 1988-01-14 1 tfB&JBQCDQO jmimmumi* More reports on Pago 2 Cashing in on old planes AIR FORCE planners in South-east Asia are finding it too expensive to buy new aircraft and systems with defence budgets and the region's economies shrinking in recent years. The alternative is refurbished planes, an opportunity which is not355 words
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Advertisement51 1988-01-14 1 TOTAL TRANSPORTATION 5] tel: 265-3833 CROWN PACIFIC Melwani, exclusively male. TVowO pen at Prisma tria '02-55/56/58 Wisma Atna H V r N *02-14/15, Shaw Centre, Tel: *****42 *01-26/27, Specialists' Centre Tel: *****54 *02-23, Plaza Singapura, Tel: *****29 2nd level, Metro Grand Scotts, Tel: *****63 Ist level. Metro Marina Square Tel:51 words
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HOME NEWS
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Article612 1988-01-14 2 JEFFREY TSANG - US company setting up marketing, R&D operations By JEFFREY TSANG THIS YEAR will be an especially important one for the Singapore subsidiary of Maxtor, a world leader in high-capacity 5X inch disk drives. The American company will open a new $15 million factory, its third612 words
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347 1988-01-14 2 BASE SALARIES of blue-collar and clerical workers went up by an average of 3.6 per cent last year, according to a survey of 22 companies by a management consultant. The survey, done by Hay Management Consultants, also forecast that salaries for347 words
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334 1988-01-14 2 SINGAPORE'S policy of greater automation and higher productivity has paid off for the printing 1 and publishing industry, accord- i ing to Communications and Infor- j mation Minister Dr Yeo Ning i Hong yesterday. The policy, which led to lower costs and improved334 words
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352 1988-01-14 2 US NEWS and World Report an American weekly magazine, will close its Singapore office at the end of this month. Mr Walter Taylor, the magazine's bureau chief for Southeast Asia and South Asia, said the decision was based on352 words
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309 1988-01-14 2 THE CONTINUED financial support of business corporations and individual wall-wishers ia naadad in popularising tha arts, said Mr Wong Kan Sang last night. Tha Community Development Minister and Second Foreign Affairs Minister was speaking at the cultural awards presentation ceremony309 words
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YESTERDAY IN PARLIAMENT
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Article, Illustration597 1988-01-14 2 THE PRIME MINISTER yeeterday threw a challenge to Mr Chiam See Tong, proposing another inquiry on "the Teh Cheang Wan affair" after the opposition MP claimed the first commission was biaaed. But after some feeble protests, Mr Chiam rejected the offer which was pressed on597 words
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404 1988-01-14 2 LOH HUI YIN, ELAINE KOH, CHUANG PECK MING - Reports by LOH HUI YIN, ELAINE KOH, CHUANG PECK MING PARLIAMENT has accepted the findings of the Commission of Inquiry into the Teh Cheang Wan affair, with the sole dissenting voice coming from opposition MP Chiam See Tong. Home Affairs Minister Professor S404 words
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432 1988-01-14 2 THOSE WITH tax-exempt deposits in the Poet Office Savings Bank, or unremitted foreign income. would not be tha targets of the amended income tax legislation. The Commissioner of Inland Revenue gave this assurance yeatsrdsy in response to a representation on tha Income Tax (Amendment)432 words
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334 1988-01-14 2 SETTING minimum standards for child-care centres should not lead to added costs for parents, the Minister for Community Development assured yesterday. Most, if not all, of the existing child-care centres already meet the minimum standards, Mr Wong Kan Seng pointed out during a334 words
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Page 2 Advertisements
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Advertisement286 1988-01-14 2 M INTERNATIONAL PUBLISHING PRINTING OPPORTUNITIES CONFERENCE EXHIBITION 14 -16 January 1988, The Mandarin Singapore Organised by TIMES CONFERENCES AN INTERNATIONAL SHOWCASE Held in Singapore, a country acclaimed as the regional centre of excellence for the printing and publishing industry, IPRINT '88 will be a landmark event in the Asia-Pacific region,286 words
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ASIA-PACIFIC
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Article, Illustration339 1988-01-14 3 Reuter EGYPT'S President Hosni Mubarak, midway through a Gulf tour, has called for a swift end to the Iran-Iraq war but left Teheran in no doubt about Cairo's determination to counter aggression. As the Gulf tanker war flared again and claimed the firstReuter - 339 words
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238 1988-01-14 3 AFP Reuter FOREIGN MINISTERS of the 21-member Arab League will hold an emergency meeting later this month to discuss the lingering violence in the Israeli-occu-pied West Bank and Gaza Strip, sources at the Tunis-based League said on Tuesday. The meeting, calledAFP; Reuter - 238 words
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197 1988-01-14 3 Bernama MALAYSIA will be host of the ninth Asean Inter-Par-liamentary Organisation (Aipo) general assembly and working committee meeting beginning on Jan 25. Topics on political, so-cio-economic and organisational matters would be discussed at the week-long assembly, said Aipo secre-tary-general Abdullah Abdul Wahab in KualaBernama - 197 words
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114 1988-01-14 3 Reuter THg PHILIPPINES current acoount recorded a deficit of about US$5OO million in 1967 compared with a surplus of more than US$l billion- in 1986 because of higher imports and service payments, Central Bank Governor Jose Fernandez said. In a speech to businessmen.Reuter - 114 words
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242 1988-01-14 3 AFP OVER THE NEXT seven days, aborigines will begin journeys of up to 4,000 km in a "long march" to the site of the first white settlement in Australia 200 years ago, community leaders throughout the country said. The march, being organised by the UnitedAFP - 242 words
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489 1988-01-14 3 AFP THE NEXT TWO DECADES may well see China become the world's second economic power, with the Soviet Union sinking to fourth place, a blue-ribbon panel has found in a recently concluded study. "By 2010, China may have the world's second or thirdAFP - 489 words
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Page 3 Advertisements
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Advertisement31 1988-01-14 3 u H ■V fS f; v V r r f m f jT*® J* «< W 3 < V: n Y/C r. W m X w V >* J 9 W "T Hill 3331 words
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Page 3 Miscellaneous
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Miscellaneous219 1988-01-14 3 mm V/S"+ Adelaide Amsterdam Athens Bahrain Bangkok Barbados Baling Beirut Belgrade Berlin Bermuda Bonn Brisbane Brussels Bwsnos Aires Cairo Calgary Canberra Caracas Chicago Coptiagen Darwin Dublin Frankfurt Geneva Havana Max/ Not* Mln (°C) 34/24 Haze 06/02 Clear 13/08 Cloudy 19/14 Cloudy 33/22 Sunny —/23 Cloudy 00/-9 Cloudy 18/10 Rain 03/01219 words
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Miscellaneous49 1988-01-14 3 Doonesbury THE PUBLICS FEP UP UHTHINTVUw&es*, rolanp* you people ARB OUT OFST&". THE MEDIA'S j become jjjaw/ irrelewwi if you beuevb THAT, S!R,UHYA& YOUTALXIH6WME* BY GARRY TRUDEAU BECAUSE ITS NOUS. THE FACT THAT TM US/N67HE/HB&A wptsa&prr THEMEPIAIS A GFEAT SKM sea YA IN THE FUNNY PAPERS! I s®s ca49 words
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RES OF THE WORLD
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Article, Illustration480 1988-01-14 4 Reuter JAPANESE Prime Minister Noboru Takeshita was scheduled to meet President Ronald Reagan in Washington yesterday with Japanese and US officials confident that the two can move a step ahead towards resolving outstanding trade issues on farm and construction markets. Japanese Foreign MinisterReuter - 480 words
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364 1988-01-14 4 Reuter AMERICANS sre reluctant internationalists, emotionally drawn to isolationism but sensing that the US must play an active world role, concluded a survey released on Tuesday. Many US citizens feel that stubborn enemies end passive allies abroad are sapping American strength, but theyReuter - 364 words
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Article, Illustration480 1988-01-14 4 AP SOVIET LEADER Mikhail Gorbachev has defended his reforms sgainst critics on the right and left, and promised that a June party conference will consider electoral and judicial reforms. Mr Gorbachev told writers and artists in a meeting at the communist party central committee last FridayAP - 480 words
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313 1988-01-14 4 Reuter SWEDEN and the Soviet Union have cleared the way for a significant improvement in their recently cool relatione by solving a 19-year-old dispute over territorial rights in the Baltic Sea. Swedish Prime Minister Ingvar Carlsson said theReuter - 313 words
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Article857 1988-01-14 4 ARRIVALS Operator 5#cy>ct Local Pram OA THAI SU C MAS MAS MAS SiA AC CPA MAS GiA MA OA SiA SIA THAI SIA MAS GU SiA SiA SU OA472 TG481 SQ11 IC555 MH681 MH811 MH671 SQ103 AC858 0(710 MH403 GA975 IU21 GA960 SQI05 SO 201 TG403 SQ191857 words
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281 1988-01-14 4 UPI ACCIDENT RATES and fatalities roaa for America's airlines and commuter carriers in 1967 but private fliers had the safeat year ever, government safety investigators said on Tuesday. In an annual report, the National Tranaportation Safety Board aaid scheduled sirtines had 31 accidentsUPI - 281 words
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171 1988-01-14 4 AFP THE EAST German economy failed in 1967 to reach nearly all the leading growth targets set by the government, while pay increases outstripped expectations. according to provisional results reported on Tuesday by the East Berlin press. National revenue increased by 4 perAFP - 171 words
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Article297 1988-01-14 4 AFP SALVADORAN Foreign Minister Ricardo Acevedo on Tuesday rejected proposals to extend the deadline for the implementation of the Central American peace plan, saying this would allow the "consolidation of the Marxist regime in Nicaragua". The Aug 7 pact, which calls for an end to insurgenciesAFP - 297 words
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Page 4 Advertisements
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Advertisement144 1988-01-14 4 Leader, Page 8 This announcement appears as a matter of record only. December 1987 ASIAN OCEANIC HOLDINGS LTD U5525,000,000 NOTE ISSUANCE FACILITY Lead Managers Banca Nazionale Dell' Agricoltura Hong Kong Branch The Commercial Bank of Kuwait SAK. Credit Agricole (Hong Kong) Limited Credit Des Bergues Kuwait Foreign Trading Contracting Investment144 words
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Advertisement55 1988-01-14 4 I I I I Th e business person's choice every I I II \I I II II I Tuesday. Thursday. Saturday and Sundoy I M /1 I J\ /1 Leaving Chong. Airport at 22:05 I \JLS hours and arriving Heathrow early the following morning. Call your Travel Agent or Air55 words
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BANKING AND FINANCE
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584 1988-01-14 5 NYT THE AMERICAN EXPRESS Bank said on Tuesday that it had written off all its loans to Latin America's private sector and added US$35O million to its reserves for loan losses. In writing off all such loans, rather than just establishing reserves againstNYT - 584 words
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494 1988-01-14 5 Reuter ARGENTINA'S top finance officials met their US counterparts in Washington yesterday amid pessimism in the Reagan Administration and the banking community about the country's prospects for coping with its US$54 billion debt. Monetary sources said the possibility of a new bridge loanReuter - 494 words
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626 1988-01-14 5 Reuter FEARS that West Germany's proposed withholding tax on securities will be higher than the 10 per cent first proposed hit the German government bond market on Tuesday, leading to losses of up to 50 pfennigs, dealers in London said. The sector, knownReuter - 626 words
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Article, Illustration338 1988-01-14 5 SOH TIANG KENG - By SOH TIANG KENG THE HEAD of Finland's biggest bank, Dr Jaakko Lassila, yesterday ruled out a major world economic recession and collapse of financial markets this year. "I am reasonably optimistic this year. In spite of the October stock crash and the338 words
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Article56 1988-01-14 5 Reuter BRAZIL has paid U*****.2 million towards interest arrears outstanding from last year, the Brazilian Finance Ministry said on Tuesday. A spokeswoman said Brazil had deposited the money in a special account with Citibank on Monday and banks had deposited U*****.4 million to complete the paymentReuter - 56 words
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505 1988-01-14 5 Reuter TOMORROW'S pivotal US trade figures will be released into the maw of a global 24-hour currency market that is rapidly abolishing barriers of time and geography. "All the major dealers around the globe will be up and will be watching the (November) trade figure,"Reuter - 505 words
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Article, Illustration551 1988-01-14 5 AFP THREATS to impose punitive charges on Hongkong dollar bank deposits have revived the British colony's sleepy capital market with currency speculators seeking loopholes as they face the prospect of negative interest rates. Bankers say that demand for fixed-rate securities denominated in Hongkong dollarsAFP - 551 words
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171 1988-01-14 5 Reuter THE BANK OF JAPAN has no intention of cutting its discount rate now because credit conditions are already sufficiently easy, central bank sources told reporters yesterday. Given recent high monetary growth, the bank sees no need for a further rate cut.Reuter - 171 words
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Page 5 Advertisements
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Advertisement187 1988-01-14 5 A HOME NCTA HOTEL. There's no place like home. Especially after being away for a few weeks on a business trip. But now, in Singapore, The Ascott Executive Residences provide a marvellous home away from home. One or two bedroom apartments and penthouses individually designed for the executive or family187 words
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MONEY AND EXCHANGES
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Article1259 1988-01-14 6 SINGAPORE: The US dollar closed easier yesterday against major currencies but was above the day's lows after an active but nervous trading session. The dollar was sold off at midmorning and in the early part of the afternoon session. It touched the day's low on a Jiji press1,259 words
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Article247 1988-01-14 6 ASIAN DOLLAR deposits closed steady at opening levels yesterday, in quiet afternoon trading. Short-dates were lower at the outset following a weaker US federal funds rate but were unchanged in subsequent trading. Overnight and Thursday/Friday closed at 6-7/8 per cent each and week-fixed at 7 6-7/8. Asian247 words
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Article153 1988-01-14 6 Gold futures on Jan 12 100 toy ouncM. USS par toy o unct OH* M* Law Mte Jan 471.00 479.00 479.00 480.70 1.30 N* 4*250 443.90 ■ito.tw 482.30 -1.30 Mar 484.90 -1 JO Apr 488 00 449.50 itfl op 444J0 -IJO hm 493.30 495JO 491.50 494.10 -1153 words
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Article524 1988-01-14 6 MARCH Eurodollar futures yesterday opened unchanged from the previous close on Simex and CME at 92.35 as the market turned cautious ahead of the release of US trade balance figures. March Eurodollar eased off the high of 92.36 to the day's low of 92.31 before closing two ticks lower524 words
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Article, Illustration180 1988-01-14 6 Indicates the avaragt of the prim* landing rates of 12 major banks in B'pors Interbank market rates (offer/bid) on Jan 13 US$ DM SWFC Y«n do T i 6 15/16 ll/l« 3/16 1/14 3 3/16 1/16 1-3/4 3 3/4 5/8 «•> 7 1/16 6 15/16 8 5/8180 words
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Article84 1988-01-14 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****T 14.4.88 2.91 2.86 2.95 2.85 6 month* BY*****S 30.6.88 3.00 2.95 2.96 2.92 1 yeor BY*****T 24.11.88 2.25 2.20 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code84 words
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Article56 1988-01-14 6 THE OVERNIGHT rate on the Singapore interbank market fell )4 point to 3 per cent yesterday. The term rates rose 1/16 point each. S$ Interbank rates at 12 noon yesterday: OWW MO Ownlgt* 3 1/13 1 -Momfc 3 1/1* 2 15/16 2-mmth 3 l/U 3 IS/I* 3-monrti 356 words
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Article1626 1988-01-14 6 CURRENCY FUTURES OPTIONS Wednesday, January 13, 1998 DEUTSCHE MARK (SJMEJQ F**88ca*s NtN^h S3 M 37 3* 39 AO *1 *2 42 44 43 44 47 2044 1334 818 308 Star 88 c*Si Lew 211 139 85 48 24 14 7 3 Be* S HMl S 1 OA 19A 35A1,626 words
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Page 6 Advertisements
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Advertisement116 1988-01-14 6 Japanese Restaurant 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 to116 words
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Advertisement9 1988-01-14 6 banque indosuez 3 Shenton Way. Shenton House. Singapore 01069 words
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COMMODITIES
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Article494 1988-01-14 7 Crude palm oil futures closed marginally higher in active trading on the KLCE yesterday. The market's firmness was due to heavy short-covering and speculative buying. Sentiment was aided by reports that January CPO output would be 15 per cent lower than the previous month. January firmed MsB to494 words
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Article238 1988-01-14 7 Chinese Produce Exchange S#ll#n noon doting pr teas an ion 13 (SS/100 kg) Coconut oil M FOB 112.00 OM drum FOB 122.00 N*w drum FOfl 126.00 Copra Mixed (Ioom) 62 Pepper Munlofc wtifto FOB NLW *****0 Sarawak whit* FO» faq NLW 1172 JO Sarawak ipadal black FOB NLW238 words
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Article103 1988-01-14 7 SOYBEAN FUTURES on the Chicago Board of Trade on Tuesday closed sharply lower and near the day's lows as prices slid after midsession. March was down 10% US cents at U556.12% a bushel. Weak soymeal demand in Europe and the US, and lacklustre export demand for soybeans, put pressure103 words
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Article134 1988-01-14 7 WHEAT FUTURES on the Chicago Board of Trade closed 2% to two cents lower on Tuesday, erasing early gains amid sharp losses in the soy complex, traders said. March closed 2% cents lower at U553.25 a bushel. Prices rose earlier on continued hopes that the Soviet Union would be134 words
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Article310 1988-01-14 7 London Commodity Exchange Ivytr/ScKtf doting pricos on Jon 12 (£/tonne unl ra ipodfiod). Previous doting prices in poranfhotH. CoffM •ash in-«tof« London, mUoti option OF London Jon 1186/1187 (1180/1182) High/Low 1189/1176 Mar 1216/1218 (1205/1206) High/Low 1218/1203 C -I--jom (3477) Cocoa Mor 1122/1123 (1128/1129) High/Low 1131/1120 May 1142/1143 (1150/1152)310 words
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Article86 1988-01-14 7 ASIAN oil markets were left without guidance from New York yesterday as US futures went down sharply, then recovered. The result was a stagnant market with few traders willing to risk position taking. USS/borral Ownga Dubai (Fab) 14.95 -0 33 Waal T««o» WD (Fab) 1*72 •oot Products86 words
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Article107 1988-01-14 7 THE PRICE of tin on the Kuala Lumpur Tin Market (KLTM) recovered 10 cents to M 117.26 a kg yesterday from Tueeday's close but trading wae moderate. The recovery reflected a technical correction to declines over the last few days as sterling's Armnoes against the rlnggit and a107 words
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Article211 1988-01-14 7 SINGAPORE The market closed lower yesterday with February One RSS buyers quoted at 226.00 cents a Kg, down 1.50 cents from Tuesday's close. After a lower open- ing, prices drifted further at midday mainly on profittaking in line with easier overseas advices. MALAYSIA Absence of fresh overseas demand and211 words
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Article235 1988-01-14 7 R AS prices In S c—FOB In bate NOON CLOSE ftwyor* Sailors Bvyors S#M#cs Int 1 RSS Prompt 227JO 228JON 228.00 229.00N Int 1 RSS Fob 88 225.50 226.00N 226.00 226JON Int 1 RSS Mar 88 224.25 224.75 ***** 225.25 Int 2 RSS Of 221.50 223JO 222.00235 words
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Article80 1988-01-14 7 (canl*/kg, 1-ion i pottatt) FEBRUARY 88 MARCH 88 (currant month) (forwor d month) RAS NOON NOON kvyan Stlltn twyan Saltan SSt 30 227JO 229JON 227JO 229JON SSt 50 226.00 228.00N 226.00 *****N MRELB ItlUn kirtrt SaBan SMt CV 282.50 284 SON 283JO 285JON SMt L 282.50 284JON80 words
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Article303 1988-01-14 7 HONGKONG: The metal closed steady in dull trading yesterday as the US dollar fell in East Asia. Bullion fluctuated within a narrow range and ended the day at U*****.60/482 an ounce against an opening U*****.30/80. This compared with New York's final U*****.90/***** On the local market, gold finished303 words
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Page 7 Advertisements
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Advertisement339 1988-01-14 7 Good ideas keep coming up T I I cct sa C 3 u3 Q o GS ra PL p 83 haRP DEI I .a S3 Ei 9 8 6 S3 A 0 S3 0 0 E3 3 0 &J6IC 11 2 CM 0 451 0 0 0 ICS 13 0339 words
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PERSPECTIVE
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Article483 1988-01-14 8 EVEN BEFORE it gets started, the meeting between US President Ronald Reagan and Japanese Prime Minister Noboru Takeshita is assured of an aura of success. This may appear surprising given the ingrained nature of the bilateral economic problems and the likelihood that no major new initiatives483 words
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Article, Illustration991 1988-01-14 8 MARTIN SOONG - Defence budgets have been crimped in recent years by contracting economies, forcing South-east Asian air force planners to look more at refurbished aircraft as a cost-effective alternative to new purchases. MARTIN SOONG reports. MARTIN SOONG STRETCHING the defence dollar is the main preoccupation of Southeast991 words
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Article, Illustration331 1988-01-14 8 THE NOMADIC existence of Asian Aerospace is finally coming to an end. No more packing up tents and tearing down lean-tos. On Jan 27, the show will open at its new home, the Changi International Exhibition Centre. The $16 million structure, with a331 words
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Article, Illustration1222 1988-01-14 9 MICHAEL JANOFSKY - With the Jan 17 deadline for accepting the invitation to the Summer Games fast approaching, Cuba is still undecided, seemingly k preferring to wait on its .w\ big-brother ally North Korea r l v to take the lead. J* MICHAEL JANOFSKY looks at the CubanNYT - 1,222 words
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Article, Illustration902 1988-01-14 9 NYT THE CONSEQUENCES of the recent prison riots by Cuban alien inmates in Atlanta, Georgia and Oakdale, Louisiana, are the subject of a divisive debate about the image of Cuban-Americans among non-Cuban Americans. After the riots late last yearNYT - 902 words
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Page 8 Advertisements
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Advertisement285 1988-01-14 8 eo^ n a** U N W <>.«■ l ■Si i rP' 5, W f V'r <r >•:-' -jf 0 !**Jl r s* You have a business to run, a busy schedule to keep... V B Bk SINGAPORE BUSINESS understands your commitment to your work.. So, instead of having to go285 words
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Page 8 Miscellaneous
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Miscellaneous664 1988-01-14 8 CRYPTIC PUZZLE ACROSS 1 Snub from a crazy buffer (6) 7 He's of relative importance to Americans (5,3) 8 Put your name down to sing, possibly (4) 10 The sort of cheese one ordered harshly? (6) 11 Better not put your foot in it! (6) 14 Payment for reduced life664 words
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Page 9 Miscellaneous
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Miscellaneous1216 1988-01-14 9 TO (MD EMDQd) PM SRC Text Sample Page*. Opening ond Progromme Hlghfigbti followed by lingo. Coining Attraction!. Lovelow Young Love (See highlights). Just Good Friends. Cold Warrior A Message Prom Trebizond/Hook, Un* And Siflfcer (Last Episode). NBA The Finals (Gam* 6r- LA Lakers Boston Celtics (Last Episode). AM World Music1,216 words
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Miscellaneous58 1988-01-14 9 Bristemr: ftantnicker^ IT'S Bad BMOOGH U>HRT€Ve.P Cofcse this SNOU).. GOINO TO LOORK ONujftßp... BS IT IS LOITHOOT < OO TO SLOEP. o r,° Hp\V IMG» TO tißTTie cooo 00 0 O o f f BGB*NST TVI£. 0 0 o e r^-X-v 0 0 euenneNTS </ 0 0 feMat :f« -igjfc;58 words
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SPORTS & LEISURE
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561 1988-01-14 10 Reuter SOUTH KOREA'S Olympic organisers are heaving deep sighs of relief as fears of an Eastern Bloc boycott evaporated. Now they're stepping up the pace of lavish preparations for the Games which open in Seoul on Sep 17. "Everything's on schedule. The Games willReuter - 561 words
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Article, Illustration113 1988-01-14 10 AP CHINA has accepted the invitation to participate in the 1988 Summer Olympics in Seoul, a pro-Beijing newspaper reported yesterday. The Chinese-language Ta Kung Pao newspaper quoted unnamed well-informed sources in Beijing as saying the Chinese Olympic Committee sent a letter on Tuesday toAP - 113 words
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Article, Illustration307 1988-01-14 11 Reuter MARTINA NAVRATILOVA will not play in the Seoul Olympics because she is saving herself for the 1992 games in Barcelona. The Czechoslovakia-born American bridled when journalists suggested yesterday that at nearly 36 years, she would be past playing at the world's premierReuter - 307 words
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230 1988-01-14 11 Bernama THIS YEAR'S Malaysian PGA tour is expected to hit Msl million in total prize money and become the second most lucrative pro golf tour in Asia after Japan. "We are in the midst of tying up a few more tournaments to putBernama - 230 words
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197 1988-01-14 11 AP THOROUGHBRED SALES always attract international buyers, but the largest Japanese delegation in years showed up for the Nelson Bunker Hunt dispersal. Taking advantage of the best exchange rate in decades, the Japanese accounted for more than US$4 million of the U5546.9 million grossedAP - 197 words
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Article, Illustration428 1988-01-14 11 AFP WORLD NUMBER ONE Ivan Lendl threw down the gauntlet in the Australian Open yesterday, dropping only two games as he surged into the third round. The 27-year-old Lendl blasted through American Matt Anger 6-0, 6-1, 6-1 in a centre court matchAFP - 428 words
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189 1988-01-14 11 UPI FIFTY-ONE NATIONS have joined the 1988 Sport Aid campaign to raise funds for the world's starving children. "We hope to organise sports events every two years in countries throughout the world to raise money for development projects in needy countries and to helpUPI - 189 words
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Article, Illustration214 1988-01-14 11 AP KIRA IVANOVA of the Soviet Union won the women's compulsories on Tuesday with world champion Katarina Witt of East Germany in a solid second place as the European fig-ure-skating championships began in Prague. Ivanova, the 25-year-old from Moscow who placed third in theAP - 214 words
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Article324 1988-01-14 11 AP DAF TRUCKS, the Anglo-Dutch truck-maker, said on Tuesday that it would never again take part in the Paris-Dakar auto rally after a crew member on one of its entries was killed in the desert race last weekend. "The Daf board of directorsAP - 324 words
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520 1988-01-14 11 Walton Morais - Jrankhf speaking.... by Walton Morais I WRITE this piece with mixed emotions. But then, when you're writing about the Olympics. that's not unusual. Last August, I wrote in this column that a North Korean boycott of the Sequl games would surely trigger off520 words
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Page 10 Advertisements
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Advertisement992 1988-01-14 10 at If m T IP A v: Daily from 11 am to 2pm at Cafe Vienna for $7.90+ you can tuck into more than 30 varieties of salads, eight dressings, eight condiments, soups, breads, mils and fiesh fruits. Treat yourself to an appealing meal of greens, at the Royal Holiday992 words
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Advertisement218 1988-01-14 10 012 qJ As3l<kdto&you<kftcms value far hatch, Italian style. You're in for an incredible deal with The Belvedere's Italian Buffet lunch 60 traditional delicacies for $31 (children, $15). It's an exchange which will get you deliciously confused! With tuna fish, prawns Veronese, spaghetti alle vongole, torta Siciliana and strawberries in marsala218 words
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Page 11 Advertisements
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Advertisement455 1988-01-14 11 II J iA i i l XI W The tantalising taste of Taiwan We're offering an authentic taste of Taiwan at our Taiwan Food Festival. Directed by two chefs from Lai Lai Sheraton, Taipei, our festival offers Taiwanese specialities like Braised Meat Broth and Taiwan Meatball Noodles specially prepared for455 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4220 1988-01-14 12 BLUE CHIPS snd quality stocks took a beating yesterday. erasing most of the gains made on Tuesday when the local market rebounded. The weaker US dollar coupled with concern that the US November trade figures due tomorrow would be disappointing caused4,220 words
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Article233 1988-01-14 12 SINGAPORE. Rises ino tCM tm 13 tm 13 C t IX* 1350 30 •TCiwpi*! ***** ***** Cortatwrg 450 16 •TOO/OS 112 ♦f 410 10 •TOO -6095 TOO' HoirWum Am 3M 0 •T 10-4»r MA -6*61 -*H6 SM 43* 6 ITOtV 13)0513 ♦II9M1I GoM Coin 1*5 S ST233 words
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Article3894 1988-01-14 12 SECTION ONE •MMMTMAL COMMERCIAL Aema 11.16 6 I 20 SI III 121 (II I 25 III I 18 (2 I 17 12 1.17 Mi I 14 Aieem 0 52 SI A«al Stool 50* ***** I 37 SI (77) 143 (241 142 00 140 07) 1493,894 words
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Article128 1988-01-14 12 CEREBOS PACIFIC Limited: 6th AGM at the Winter Room, South Wing, 8th Floor, Mandarin Hotel, 333 Orchard Road, Singapore 0923 on Tuesday. Jan 19. at noon. BATU KAWAN Bertiad: 23rd AGM at Wisma Taiko, 1, Jalan S.P. Seenivasagam, Ipoh on Saturday, Jan 23, at 12.30pm. MALAYAN BREWERIES Limited:128 words
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Page 12 Advertisements
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Advertisement10 1988-01-14 12 M onagers ust anage BT shows you how every Monday.10 words
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COMPANY NEWS
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Article, Illustration349 1988-01-14 13 More excitement ahead hang on to your seat HOCK LOCK SIEW IN CASE you haven't noticed, this is the 13th week after the October stock market crash. The more superstitious investors must be keeping their fingers crossed in the hope Black Monday or Terrible Tuesday will not recur. Though notHOCK LOCK SIEW - 349 words
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Article, Illustration366 1988-01-14 13 INTEREST in Marco Polo shares continues. A block of one million shares changed I' hands yesterday, fuelling once again rumours that majority shareholder Wharf Holdings was planning another takeover bid. But a senior executive of the Hongkong hotel group Marco Polo International, which runs366 words
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Article363 1988-01-14 13 Reuter BAT Industries Pic, through its wholly-owned US subsidiary, Batus Inc. has made a proposal to acquire Farmers Group Inc of the US for US$6O a share, a total price of some US$4.2 billion. BAT said it has asked for a response from Farmers GroupReuter - 363 words
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522 1988-01-14 13 MBT THE PETRONAS GROUP of companies (excluding the Bank Bumiputra group) has reported a pre-tax profit of M 54.3 billion for financial year 1986/1987 ended March 31, a decline of 34 per cent compared with M 56.52 billion for the previous year. DuringMBT - 522 words
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428 1988-01-14 13 AMY BALAN - By AMY BALAN TWO DAYS after filing a petition to wind up Gineer Investments, Bank of America last week slapped a bankruptcy petition on Gineer director Robert Tan Poh Seng, concurrently the chairman of publicly-listed Malaya Tin Printing. This could dim further Mr Tan's chances428 words
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Article, Illustration669 1988-01-14 13 FLORENCE CHONG - NZ's first mixed development property From FLORENCE CHONG HONGKONG-BASED newspaper tycoon Miss Sally Aw has entered into a joint venture in New Zealand to build the country's first mixed development project which will be worth between NZ$BO million and NZ$B5 million669 words
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276 1988-01-14 13 KAMARULZAMAN BAHADUN has resigned as managing director and group chief executive of Faber Merlin Malaysia Bhd, the loss-incurring and debt-stricken hotel and property group. His resignation comes barely four months after he was appointed to the post in the latest of a276 words
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Article35 1988-01-14 13 PUBLIC BANK Bhd said yesterday that its proposed bonus and rights issues, first announced on July 31. 1987. have been approved by the Capital Issues Committee and Bank Negara. subject to certain modifications.35 words
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411 1988-01-14 13 NST SISTEM TELEVISYEN Malaysia Bhd (STMB), operator of Malaysia's only commercial television station popularly known as TV3, is going public. It is understood that the Capital Issues Committee (CIC) has given approval for STMB to float 6.61 million shares of MslNST - 411 words
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125 1988-01-14 13 AYER HITAM Tin Dredging Malaysia Bhd has reported a net loss of M 52.06 million (profit of M 5435,000) on turnover of M 57.38 million (M 55.32 million) for the six months ended Dec 31. 1987. The loss was due to interest cost125 words
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Article147 1988-01-14 13 nTx mm s p Jopon Gr Fund I 43 I 46 Shontoin Thrift Fund 077 0 77 UOB Management Unifund 078 078* Umbond 0965 101* MARA-Bumiputra F.fit pu.ro 5 52 557 Socond B'putra 503 5 08 Third B'putra 3 85 390 Fourth B'putra 414 4 19 Frfth B'putra147 words
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Page 13 Advertisements
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Advertisement177 1988-01-14 13 BUSINESS OPPORTUNITIES IN DARWIN, AUSTRALIA Are you looking for new opportunities or new markets? Darwin, Northern Territory of Australia offers businessmen in Asia a connection to the international market. The newly established Darwin Trade Development Zone is the first free-trade zone in Australia where industrialists can manufacture in a duty-free177 words
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REGIONAL MARKETS
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449 1988-01-14 14 FT INDUSTRIAL Equity Pacific (lEP), the Hongkong arm of Sir Ron Brierley's investment empire, is to take provisions of HK$39l million in the current year to June as a result of the October stock market collapse. Equity Pacific, which Sir Ron has used as theFT - 449 words
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232 1988-01-14 14 UPI THREE major Japanese electronics companies recently announced a major step forward in their joint research and development of compatible computers and related equipment. The group consists of Fujitsu Ltd, Japan s top computer maker; Hitachi, Japan's largest comprehensive electric machinery manufacturer and a leadingUPI - 232 words
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184 1988-01-14 14 AFP A FORMAL OFFER is being prepared by the Pearson group to buy a half share in the media assets being acquired by Robert Holmes a Court s Bell group from John Fairfax Limited. The Australian Financial Review reported yesterday thatAFP - 184 words
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Article35 1988-01-14 14 Reuter AUCKLAND sharebroker Paine Belcher, suspended on Dec 24. has been given approval to recommence trading on the Auckland floor, the Auckland regional stock exchange said in a statement. ReuterReuter - 35 words
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3391 1988-01-14 14 DESPITE an encouraging start, the Kuala Lumpur stock market gave in to profit-taking yesterday and share prices ended easier across the board in lethargic trading. The weaker note was mirrored by the 30-counter New Straits Times Industrial Ordinary Share Index which fell 11.97 points3,391 words
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Article1461 1988-01-14 14 Hongkong Reuter SHARE prices closed sharply lower on the Hongkong market yesterday as small investors unloaded stock after the US dollar slumped again in the Far East. The Hang Seng Index fell 58.62 points, or 2.4 per cent, to 2,363.79 as selling accelerated in the afternoon. TurnoverReuter - 1,461 words
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84 1988-01-14 14 Reuter MITSUBISHI Chemical industries hopes to obtain the government's approval soon to market in Japan a testing device for Human Immunity Virus, found in Aids patients. It expects to build the device into one of its immu- nity testing systems byReuter - 84 words
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Article459 1988-01-14 14 Reuter SHARE prices on Tokyo market closed down in lacklustre trade yesterday as a wavering dollar added to an already dismal market mood ahead of the Jan 15 release of US November trade figures, brokers said. "There is a feeling that the figures aren't going to be all thatReuter - 459 words
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Article464 1988-01-14 14 Reuter THE AUSTRALIAN share market yesterday closed weaker in thin trading in anticipation of poor US trade deficit figures, due for release tomorrow, brokers said. They said increasing nervousness about the figures. coupled with a host of negative signals from abroad overnight, including falls on both the New YorkReuter - 464 words
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Article250 1988-01-14 14 Am C 96 00 •2 11Cona 68 50 -2 i Hwa Bank 197 00 •H USaj 46 20 44.20 uncti -1 •■rTl 16 20 -0.4 Cham Dav 2900 67 00 0 3 1.5 Etact Wira. Gulf Plaa unch £W Slaal 42 00 •12 1 Hwa Pulp 54 90 -1.5250 words
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Article157 1988-01-14 14 Reuter THE SECURITIES Exchange of Thailand Index was down 8.35 to 302.42 yesterday on a turnover of 5,525.840 shares worth 462.95 million baht. JAN 11 «AHT +<• Ao Kham Thai Ayjdhya Invaatmant Bangkok Aground Bangkok Bank Bank Ol Ayudhya 290 M 301 310 -10 -6 -6 -6 Charoong ThaiReuter - 157 words
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Article88 1988-01-14 14 JAN IS 1 HIM Acof* Mining Anglo Phil Apax Mining B 0 0625 -0 0025 Atlas Con B 94 -2 Baguio Gold Bute Patrotaum 0017 uncti Banguat Con B 100 uncft First Phil Hldgs 11 50 -0 25 Lapanto B Marcoppar ...0 62 ■0 01 140 -0 06 SrmJ*'88 words
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Page 14 Advertisements
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Advertisement37 1988-01-14 14 Chart Point every Saturday The advertisement sales sections of Business Times, Berita Harian and Borneo Bulletin are now located at 2nd level, News Centre 82 Genting Lane Singapore 1334 Tel: 743-8800 Telex: RS ***** BTAD Fax: 743-344937 words
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WORLD MARKETS
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Article1071 1988-01-14 15 New York Reuter A HIGH DEGREE of anxiety about Wall Street's volatility, magnified by arbi-trage-related trading programs that gyrated the market all day on Tuesday, sent stock prices lower and kept many investors sidelined. The Dow Jones Industrial Average, which suffered a 60-point setback atReuter - 1,071 words
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Article883 1988-01-14 15 London Reuter SHARES on the London stock market stood mixed at the official 0900 GMT opening yesterday, with selected issues running into cheap buying in response to slightly overdone early mark downs, dealers said. Volume was again low with a paltry 38.5 million shares changingReuter - 883 words
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Article1102 1988-01-14 15 Selected indices HONGKONG Hongkong Index Wednesday .557 58 Tu*sdoy WhIe ogo 1,411.12 All Industrials W0OfttJOOY Tuesday Week ogo NEW YORK 1.9620 1.9765 2.0057 Hong Seng Index Wednesday 2.***** Tuesday 2.442.41 Watt ago 2.***** Dow Jones Tuesday Monday Week ogo 1.928 55 1,***** Z03I50 TOKYO Nikkei Average Wednesday 22,324 99 Tuesday1,102 words
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56 1988-01-14 15 FT GENERALE Occidental, the diversified French company formerly controlled by Sir James Goldsmith. is selling for US$655 million its Grand Union supermarket subsidiary in the US. The American supermarket businesses will be acquired by the Grand Union top management team in a leveragedFT - 56 words
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Article, Illustration1593 1988-01-14 15 Interview with Nicholas Brady NYT THE PRESIDENTIAL panel's report on the stock market crash has run into a cool reception from some in the White House and heavy criticism from some in Congress and on Wall Street for its proposed reforms of the financial system.NYT - 1,593 words
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404 1988-01-14 15 Reuter THE SECURITIES Association (TSA) may seek changes in Britain's new Financial Services Act this year, as it was better to balance investor protection against London's need to be competitive, says TSA chairman Mr Stanislas Yassukovich. This year the TSA, a new self-regulatoryReuter - 404 words
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430 1988-01-14 15 NYT CARL C ICAHN. the financier who holds a 12.3 per cent stake in Texaco Inc, has filed a motion in Federal bankruptcy court to overturn an accord that pledges both Texaco and the Pennzoil Co to support Texaco's US$5.5 billion reorganisation plan. TheNYT - 430 words
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Page 15 Advertisements
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Advertisement209 1988-01-14 15 NOTICE NOTICE IS HEREBY GIVEN that. I Sim Tai Kuan of No. 416 Hougang Ave. 10 #03-1292 Singapore (1953), have applied for a Retail Liquor Shop Licence in respect of S remises at M/s Shun Li Heng Trading tore at 684, Houeang Ave. 8 #01-979 Singapore (1953); and that this209 words
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497 1988-01-14 16 ANNA TEO - By ANNA TEO THE CHENG HONG Mansion case looks set to put the re-cently-amended Land Titles (Strata) Act to the test as residents tussle over their liabilities for repairs to the block that has been declared unsafe. A major concern of the497 words
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480 1988-01-14 16 THE DEVELOPER and contractor of Cheng Hong Mansion, one and the same person, moved into a penthouse of Block 84 last November. This was after he had received the engineer s report about the building's structural defects. Mr Kee Kah Seah is the managing480 words
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Article313 1988-01-14 16 LILY FERNANDEZ - By LILY FERNANDEZ RESIDENTS of Block 84. Cheng Hong Mansion are extremely unhappy with the abrupt way in which they have been handled by the Development and Building Control Division. On Tuesday, they were served with curtly worded notices to evacuate their flats or face313 words
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501 1988-01-14 16 LEE HAN SHIH - More deals might have been secured than in '86 By LEE HAN SHIH expectations. 1987 has turned out to be a fairly decent year for the construction industry. Preliminary figures for November, contained in the Monthly Bulletin of Construction Statistics released yesterday by501 words
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259 1988-01-14 16 Bernama ES ALTHOUGH the Malaysian economy is now on a recovery path, it is not performing as well as it is capable of, said Malaysian Institute of Economic Research (Mier) executive director Datuk Or Kamal Salih. Giving a talk on Malaysia'sBernama ES - 259 words
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Article, Illustration348 1988-01-14 16 AFP MALAYSIA'S top judge has called for a halt to open criticism of the judiciary, saying court rulings cannot always favour the government. Lord President of the Supreme Court Salleh Abbas said on Tuesday he had remained "silent far tooAFP - 348 words
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Article169 1988-01-14 16 Reuter A SENIOR Hongkong official yesterday promised a speedy investigation of a former stock exchange chairman and two top aides arrested in connection with suspected corruption 11 days ago. Chief Secretary Sir David Ford told Hongkong's legislature that the British colony's AntiGraft Agency, the independent commissionReuter - 169 words
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Article474 1988-01-14 16 THE Far Eastern Economic Review will allow the Singapore government to buy advertising space to print in full a letter written by Prime Minister Lee Kuan Yew's press secretary, Mr James Fu Chiao San. The Hongkong-based magazine announced this in its latest issue,474 words
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Article255 1988-01-14 16 AFP Reuter PRINCE Norodom Sihanouk discussed hopes of resolving the Cambodian deadlock in a working luncheon in Paris on Tuesday with Indonesian Foreign Minister Mochtar Kusumaatmadja. Mr Mochtar was in Paris on a brief stopover en route from Madrid for a meeting of Indonesian ambassadorsAFP; Reuter - 255 words
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Article88 1988-01-14 16 Reuter COMEX GOLD FUTURES edged higher on scattered buying in early trading yesterday, fanned by the recovery in world crude oil prices after two days of substantial losses. In continued slack interest in the run-up to Friday's US trade numbers, February gold had a modest gainReuter - 88 words
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LATE FILE
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49 1988-01-14 16 Reuter PRESIDENT REAGAN waa taken ill on Tuesday night with gastroenteritis, forcing him to cancel an appointment, but he will go ahead with a meeting yeaterday with Japanese Prime Minister Noboru Takeshita. White House spokesman Marlin Fitzwater said in Washington yesterday. ReuterReuter - 49 words
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Article34 1988-01-14 16 AFP JAPANESE Finance Minister Kiichi Miyazawa yesterday denied that the Group of Seven nations had targeted specific ranges for exchanges rates in their Dec 23 statement, Jiji Press reported.AFP - 34 words
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Article59 1988-01-14 16 AFP TAIWANESE legislator* were expected to approve yesterday an amended draft of a tariff programme that will sharply cut tariffs on about 3,500 import items. Finance Ministry officials in Taipei yesterday said the cuts would lower Taiwan's real average tariff rate to 3.81 per centAFP - 59 words
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Article58 1988-01-14 16 AFP SULTAN Jamalul Kiram of the Philippine® said in a letter yesterday that US$2OO million was not acceptable as compensation to drop his proprietary claim to Sabah. The letter, addressed to the King of Malaysia, said "diplomatic sources" had disclosed that the Malaysian government had tentatively setAFP - 58 words
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Article39 1988-01-14 16 AP NORTH KOREA yesterday pressed South Korea to agree to a special conference on easing tensions and sharing the 1968 Olympics, saying the North had already formed its preparatory committee for the conference.AP - 39 words
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Article43 1988-01-14 16 Reuter THE PHILIPPINES ha* refused to bow to widespread protest against its newly introduced tax system. Economic Planning Minister Solita Monsod said in Manila yesterday that a vigorous campaign now under way should correct public misconceptions. ReuterReuter - 43 words
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Article41 1988-01-14 16 AP A VISITING US senator said in Bahrain yesterday that Soviet and US warships recently cooperated to destroy a mine in the Gulf. Senator Arlen Specter suggested that similar cooperation could help end the Iranian-Iraqi war. APAP - 41 words
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Page 16 Advertisements
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Advertisement154 1988-01-14 16 8m Pag* 4 QUALITY BEFORE YOUR EYES lllfjllllllliiiiiutiii: Jjti ilili in m h w mm IBW ill ill! !jl/| ;/I I i •/i I i! i! i 'iiii I i I i I //iiil i i I 0n n i ilil Ml li! H !Ulit 11 Ihi i i i154 words
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SHIPPING TIMES
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431 1988-01-14 17 JUNE LIM - By JUNE LIM AS PART OF ITS container fleet renewal exercise, Neptune Orient Lines recently sold more than three hundred containers to an Australian party. NOL would not reveal the terms of the deal nor the party involved except to say that it431 words
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Article, Illustration294 1988-01-14 17 Reuter THE BALTIC and International Maritime Council (Bimco), a private shipping body, will step up its fight against fraud in the world shipping industry, Bimco officials said. Bimco president Helmut Sohmen, who is also chairman of the Hong-kong-based World-Wide Shipping Agency Ltd,Reuter - 294 words
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147 1988-01-14 17 Reuter WHITE-COLLAR staff at Bombay's docks plan a strike next week that union officials said would diarupt India's biggest port badly. Five hundred workers including dock managers, pilots, berthing masters and engineers plan an indefinite strike from next Monday in support of twoReuter - 147 words
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PORT SIDES
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Article88 1988-01-14 17 TWO PEOPLE were killed and another was seriously wounded when a mortar exploded in an iron scrap warehouse in the city's northern region of Tanjung Priok on Tuesday. Police said the mortar, 12 cm in diameter and 75 cm in length, is believed to have been88 words
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Article36 1988-01-14 17 Reuter THE LONOON-BASEO India, Pakistan, Bangladesh/UK, Continent Freight Conference (IPBC) said it would raise terminal handling charges in Bombay to 2,650 rupees per container from 750 rupees, effective Jan 15. ReuterReuter - 36 words
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497 1988-01-14 18 AFP IMPROVED SECURITY has made oil pollution disasters on the scale of the 1978 Amoco Cadiz and the 1967 Torrey Canyon spills unlikely, but a repetition remains a possibility, French officials said International moves aimed at preventing large-scale oil spills haveAFP - 497 words
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Article, Illustration537 1988-01-14 18 UPI FRENCH satisfaction at victory in a long civil suit over damage to the Brittany coast was overshadowed by disappointment at the size of the judgement by a Chicago court. Nearly a decade after the tanker foundered and spread gallons of black crude oilUPI - 537 words
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Article772 1988-01-14 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 A PC line V 4 API III 2/3 Arrow lines IX .5 ASCI772 words
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Article1557 1988-01-14 18 VERY ACTIVE time-charter fixing continued on the freight market on Tuesday, with business mainly confined to vessels of about 15,000 to 30,000 tonnes dw, shipbrokers said. Chartering of Panamax sized vessels was subdued but included a 67,000 tonner from the US Gulf to the Far East at U5514,2501,557 words
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455 1988-01-14 19 UPI THE UNITED STATES Coast Guards first "drunken boating" rules took effect yesterday, but a US$lOO million budget cut may jeopardise their enforcement, officials said. Federal law directed the Secretary of Transportation to set the standards for determining drug and alcohol intoxication aboardUPI - 455 words
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307 1988-01-14 19 Lloyd's List SWEDISH shipping company Argonaut has ordered anothar th raa vary larga tankers. worth a total ot US$l5O million, with tha Daawood shipyard in South Koraa. Tha first of tha aarias of 280,000 tonnas daadwaight carriar waa contracted two months ago withLloyd's List - 307 words
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258 1988-01-14 19 UPI AN IRAQI jet fighter swept across the waters of the Gulf and sent one of his French-made Exocet missiles crashing into the crew accommodations of the United Venture. At least two Filipino crewmen were killed, one was wounded and six otherUPI - 258 words
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Article221 1988-01-14 19 ALL SURVEYS were cooducted on Dec 21 Ac|mlM Buenos Aires 30 vessels operating; Bshis Bianca Normal operation. Audralia Brisbane, Sydney, Melbourne, Fremantle and Adelaide Normal operation. Bangladesh Chittagong Waiting time of up to one month. Brazil Santos 50 vessels operating. Cameroon Douala Waiting time of up to one221 words
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129 1988-01-14 19 AFP PERU will build 80 ships for the Soviet Union as part of a new accord to refinance Peru's debt to Moscow of nearly US$65O million. Peru's Economy snd Finance Minister Gustavo Ssberbein flew to Moscow on Tuesday for talks with Soviet authoritiesAFP - 129 words
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202 1988-01-14 19 AFP UNKNOWN MEN shot the Manila offices of the owners of the Dona Paz ferry, which sank south of Manila laat month killing an estimated 2,000 people, police said on Tueeday. No one was injured in the automatic rifle attack, whichAFP - 202 words
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9690 1988-01-14 24 AARHUB Ever Group. Evergreen. Jan 13. Tang He Chin* Ocun. Jan 13 Anna Maersk. Meersk Lin*. Jan 14. Ming Energy. Yang Ming. Jan 16 Birdia. CM D'Attretement. Jan 16 Ocaan Prima. Diasagetri. Jan 16/16 Nihon ScanOutcht, Jan 16 Oaaka Bay. Triot. Jan9,690 words
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Article119 1988-01-14 24 Area/Port Viscosity Density CST st 50C Q/ML at 15C Water Volume 0/0 Africa/Rod Sea Jeddah Durban Arabian GuN 168/172 70/170 0.954/0.955 0.976/0.992 0.0/0.6 0.1/0.2 Ras Tanura Bahrain Europa 141/141 179/190 0.948/0.948 0.975/0.976 0.1/0.1 0.0/0.1 Rotterdam Hamburg Le Havre t Genoa Far East 133/555 147/378 24/353 37/320119 words
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Article1052 1988-01-14 25 AT CONVENTIONAL WHARVES Gk*y s*royc/B 12 1401/1200 1701/iacx) Kolmoton 1 JIO 1401/2200 15.01/0400 Vaaaal B*rth Arrival Departure g !™!{!25 Pomoroc J7 14.01/1930 17.01/1200 KEPPEL WHARVES Pernos Suoso JI2 1401/1030 1601/2300 Alberum K2I olongsid* 1701/1500 Uw* 1 J3 14.01/0700 14:01/2300 Coo man 1 KI8 olongsid* 14 *****0 MARINA1,052 words
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Page 17 Advertisements
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Advertisement804 1988-01-14 17 IW»HOWY# hi, TINES KX*S STP Distributors Timma PuMmhmg Croup flNcn rv li'jJWi o IMW 35* a Jardines JTTL# Mi NORTH AMf RICA CAt IF ORNIA PN# WfSl CANADA NORTH AMfRIC* ATLANTIC EXPRESS (ROUNO THE WORID ROUTING a:; a KAO LIN DM ■ATTLE BC W 23/1 MM— waw 2*l 1/2 m804 words
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Advertisement67 1988-01-14 17 rnsm IMPROVED SECURITY has mad# oil pollution disasters on ttve scale of the Amoco Cadiz spills unlikely, but a repetition remains a possibility. P««« II THE UNITED STATES Coast Guards first "drunken boating" rules took effect yesterday, but a US$lOO million budget cut may jeopardise their enforcement. Page 111 Index67 words
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Advertisement500 1988-01-14 17 c<& a#"* 4,W w Vj vim sia 1 i STP Distributors LINE FAST TRANSIT SINGAPORE/ LONG REACH IS DAYS CY 2tVl 2000 MRS CFS 2CVI 1000 MRS M ROTTEROAM 8802 LAUCT M MOB Th« «N> M RoMrMffl Cloaing Tma CY 2«VI 2000 MRS CFS 20/1 1000 MRS To fur op*500 words
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Advertisement607 1988-01-14 18 JEST OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA AJso accoptinf cargo to *11 U.K. destinations. Scandinavian (Aarhut, Copenhagen, Gothenburg) and other European Inland points 1 Wast African Porta EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/ MARSEILLES 16 DAYS SINGAPORE/ BARCELONA (DIRECT)607 words
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Advertisement16 1988-01-14 18 rvices represented by f; SSJT* a Registry of Accredited tEJX 9 1%£?}*' Singapore National Snipping Association.16 words
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Advertisement308 1988-01-14 18 CHA RGEURS REUNIS V SINGAPPOf F toQUlDif s ;??3*U Ul 22SVJV S'pvi P» IKNOOZA 24*3 SAN LUIS 25 SAN JUAN 21/3 •Subject to indimmnt Optorg Shipping Pte. Ltd I f r? W ?C Ppfal.nq J*ya Prnanq *****5 EL M A FVPOfCA jNfiS WAR VAS AfIGfcNTiNAS ARGEN T tNE MATiqnAi L'NE308 words
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Page 19 Advertisements
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Advertisement905 1988-01-14 19 The Straits Steamship Group Mansfield Container Shipping PteLtd F&oclIU, P&O Containers Limited WtliViN I *-3 riKi ;n OSAKA BAT CITY Of EMMUftGM IAMS BAf now kong express CARDIGAN MY MINE MARU TOUIO EXPRESS KOWLOON BAT BCNAVON OSAKA BAT Abo Accepting Cargo For: ItaMftHf) li CipMiii|Hi, AiflM, GethenOurf, Mm, SMMs. I905 words
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Advertisement533 1988-01-14 19 n EUROPE I II f!'J I USA PANAMA HI 17J1 HH II B ILH 24H 2MZ IIJI |2U2 27H HH lIH lIH MJI lUI ILH ZLM no -'■KP •II IPIBI Mil T:■ hill m 711 11.12 Ml* H. 12 lilt 711 11.12 1112 22.12 11.12 HJI •A 712 24.12 2112533 words
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Advertisement253 1988-01-14 20 dE CONTAINERSHIP SERVICE TO UK/CONTINENT Hapag-Lloyd COPENHAGEN, AARHUS. GOTHENBURG, MALMO, HELSINKI. OSIO, AMSTERDAM CARIBBEAN t S. AMERICA CONV SEMI CONTAINER SERVICE TO EUROPE CONVSfcMI CONTAINER SERVICE TO MED EUROPE S PORE PSAID TRIES CASA LEX 810 AMS HBG B'HAVEN "Mm CONSOLIDATION SERVICE WEEKLY Singapore: BIRKART S.E.A. Tel *****11 Pt. Kelang:253 words
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Advertisement606 1988-01-14 20 Lp»: *Q *jnn» A JCS.LINE hROM L JROPE VIA SUEZ SEVEN SEAS BRIDGE UE ACE CONCORD UE KOREAN CHANCE ME NEPTUNE DIAMOND 73E ORIENTAL CHIEF S7E A Member of the Ace Consortium IlitlY CPNIAINfRISED 10 (ROM NORTH SMIRICA MS! COASI •FDR/MOTHER VESSEL SSB S3E/KOREAN WONIS JIM 73E ACD 12E/KOREAN WONIS606 words
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Advertisement316 1988-01-14 20 T/a FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO COLOMBO: SAH INA 20/1 1/2 FOR: PORTO, LISBON, ORAN, BILBAO 'MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ft ISTANBUL U.S.A. NOUMEA 21/2 SUVA/LAUTOKA 21/2 AUCKLANO, WELLINGTON LYTTELTON, DUNEDIN A NAPIER MIDDLE EAST HAM FLX JLON316 words
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Advertisement1070 1988-01-14 20 a CVChbhttlM Full Con fair Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SCP HKC KSC KLC PUS OS* TYO XSN EVER GOLDEN tan Wi an 22A I*2 EVER GUARD 21/1 2*l 27/1 2*l 1/2 in rn an ever growth 2*l in W in in m uS m EVER GRAND 1/2 7/2 *2 11/21,070 words
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Page 21 Advertisements
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Advertisement876 1988-01-14 21 \c PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 1 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE VESSCL SEA HAWK SEA DRAGON SEA HAWK SEA DRAGON BANGKOK CONTAINER SERVICE I SBY SMG SIN SLO IN PT IS/1 IS/1 17/1 11/1 21/1 2S/1876 words
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Advertisement632 1988-01-14 21 1 ta BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT i'HAVEN ROAM HAVRE m an un m m an M W4 MM 12H EXPRESS CONTAINER SERVICE FROM UK/CONTINENT Hon*on( Uprot S«M SliM SjuM SaiM SmM 22/1 C*r*(Mi by S*.M S*>M SiM Sailai S«M 2*l •Mixran SaiM SiiM S*M SaiM SaiM632 words
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Advertisement538 1988-01-14 21 DJASAGETRI A Joint Europe Service Of: F.T. DJAKARTA LLOYD FX 6ESURI LLOYD p.t. vmam mmm f.t. trikora lloyd EXPRESS SEMI CONTAINERSHIP SERVICES SI oca* ntmnjm CANDA UMM ■ATMAWOn ANTWERP S'NUt BILBAO A DAM R DAM HWMB w-a/i on an 1/3 941/1 W Ha *-Ujf2 I*3 li/3 g-gg itn an Subfact538 words
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Advertisement362 1988-01-14 21 BOUSTEAD SHIPPING AGENCIES HTONEYWA V23IW MYOMATWA PAGAN VI23W PA-AN VI2OW MAWLAMYAINC V/ 37 BURMA FIVE STAR (Burmese National Line) pore P.Kelang Penang Bangkok II Jan a Jan niU Jan BANK LINE NORTHBOUND TO UKC SPOKE ROAM HULL HMBC Svmu.S'JSS iji i# w i* CLYDEBANK V22N 8/2 29/2 8/3 in FORTHBANK362 words
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Page 22 Advertisements
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Advertisement1143 1988-01-14 22 "K"HnE SHIPPinG-DftTfl ATLAriTIC COAST (Round-The-World Service) •PK/PNG SPORE LB CHLS ORIENTAL FRIENDSHIP V 6 SLO 14 J,„ 6 Feb 16 Feb o» B R^,f /A BASSAOOR 16Jjn 21 j "Feb 23 Feb DKIDGE Vl5 •VIA FEEDER PACIFIC SOUTH-WEST NYC HFX 20 Feb 24 Feb 27 Feb 2 Mar FEEDER VSL1,143 words
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Advertisement765 1988-01-14 22 -j a x///^ INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contain*™ Singapore P Htian| Ptnanf loadma tor: Mother »sl By Faaoar 8? Faadw S O TRIPURA V.33M LOTTE SCHEEL V 3D PRELUOt V S-B RAVIDAS V 3SN THEOOOR FONTANE V 14N LOTTE SCHEEL V.ll S.O.A PRADESH V JtH INDIAN COURIER ¥2»N765 words
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Advertisement714 1988-01-14 22 GOLDEN LINE G &V| GUAN GUAN SrtPHNG (PTI) LTD a. Tt)o» AT* Street SINGAPORE 0104 TEL OOM (10 LINES) Fai SMSW STRAITS/PERSIAN GULF SERVICE: Spore PKttonf M GOLDEN HARVEST Cotanbo/Karadii/Dubat 24/25 Jan GOLDEN HAVEN Cotombo/KaradWDubai 1/10 F«k CHINA SERVICE A VESSEL Shanfha.fHsinkanf ***** Jan BAI YUN SHAH Shanfhai/Hsinkant 30/31 Jan714 words
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Advertisement504 1988-01-14 22 PHIU OniCNT LIN€S PT€ LTD J HEAD OFFiCt 63 ROBINSON ROAD '07 12 AFRO ASA BU'IDiN j SINGAPORE 01Q6 Tflf RS ?8720 PHILI FAX *****76 DUBAI DAM MAN KUWAIT DOHA. MUSCAT. BAHMM. AIU DHAH I SHARJAH. JEODAH HOOEIOAH AQAM N KONG (OK KEELUNG, MANU. BANGKOK. TOKYO. COLOMBO. KARACHI. BOMBAY EAST504 words
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Page 23 Advertisements
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Advertisement650 1988-01-14 23 \\NEPTUNE ORIENT LINES LTD »»g™« FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A member of tt>« ACE Coftsortlijfn NEPTUNE AGENCIES PTE LTD PE EUfAUST TPA/SEA Terminal CFS BOOKINGS 278»53 *****42 *****2? *****53 *****1} *****U *****11 *****41 NEPLINE SON. BHD J60G87 inward/Outward NEPLINE SON BHD *****33 ENQUIRIES *****44 NEPLINE SON BHD *****5/627«0/i2?661«?642 NEPLINE650 words
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Advertisement492 1988-01-14 23 HEUNG-A SHIPPING Korean Flag Vessels 1 SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG. BUSAN. INCHON Vessel's Name No 7 Donam/711N •Glof.aflOlN No Donam/lOIN No I Donam/WIN No I Donam/lOIN No 7 Donam/lOIN •Clona/aWN ETD BS BKK S PORE PKELANC 30/12 11/01 15-11/01 19-71/01 01/01 20/01 23-23/01 24-24/01 15A»1 27/01 30/1492 words
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Advertisement923 1988-01-14 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. KELANG PCNANC MAS HANDLING SYSTEM CO SON WO MESSRS HAI TNOMC SHIPPING 127 Pen»r*Str«rt. Pwuf* Mjltyua923 words
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Page 24 Advertisements
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Advertisement302 1988-01-14 24 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 .30 U»es> fAX *****39 *****76 TILEX RS ***** A B SSCMA AS ***** A B SSCAD DSR-LIIMES Vtß DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE *VIA COLOMBO Accepting cargo for INDIA Bombay. Cochin, Madras Calcutta "VIA LARNACA Accepting cargo for Lattakia, Piraeus, Thessatoniki.302 words
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Page 24 Miscellaneous
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Miscellaneous157 1988-01-14 24 0 Regional Weather m i X v» r •I t is 4 eV V i SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JOA.M. THIS MORNING. c o LECCNO R Thunder*torm Temperature c X\ Shower Weaf*»er W«r*d <Vect.on with speed knots e Rom U Cloudy Sky Wo *"9*' S ore «d.coted b.157 words
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Page 25 Advertisements
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Advertisement513 1988-01-14 25 InTEGRA shipping m ltd TEL: *****33 (4 LINES) FAX: *****22 WEEKLY LCL/FCL SERVICES TO HONGKONG MANILA KEELUNG BANGKOK KAOHSIUNG /t SHOREPACK FREIGHT SERVICES WpV |S) PTE LTD TEL: 224-2542/223-3463/223-3875 FAX: 224-0421 TLX: RS ***** WEEKLY LCL PCL SERVICES TO: Europe UK/N. Cont/Scandinavian ports F. East Bangkok/Hongkong/Taiwan/Korea/Japan U.S.A. East/West Coast ports513 words
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Advertisement574 1988-01-14 25 EAST BOUND SERVICE ETA S PORE LOADING FOR ALFARABI m Japan MV SINOfiAO M 0 Japan WEST BOUND SERVICE ETA S PORE LOADING FOR MV BAGHDAD 11/1 JNM, Aoata THROUGH Mj la BAGHOAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA t BAGHDAD 1 REEFER SPACE AVAILABLE UPTO AQABA I w574 words
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Page 26 Advertisements
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Advertisement375 1988-01-14 26 Hai Sun Hup Co (Pte) Ltd 7FL ??***** 120 Linos) TLX RS ***** RS ***** A I \S I I K \K I I\! K III) WEEKLY CONVENTIONAL HEAVY LIFT SERVICE FROM SINGAPORE/PORT KELANG TO: HONGKONG KEELUNG .f.uliM, TOKYO/OSAKA iiom; jWBL CAR CARRIER SERVICE TO MUARA/KUCHING KK Loading at appropriated375 words
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Advertisement552 1988-01-14 26 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/CULF/CANADA/WEXICO AND FRENCH WEST INDIES VSI Spar* LeHavre NIHON v«a m W NED DUMA VSIM tifl 11ft B SURIA VSII 1/2 1m Nr. m" Halifax, Montreal, COMPANION EXPRESS ATLANTIC CONVEYOR I*T'_ TT NUERNBERG ATL. Portsmouth, Northfotk MrviM GULF Savannah, Mam.552 words
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Advertisement224 1988-01-14 26 '11 LCL WEEKLY SERVICE TO: ROTTERDAM SYD/MBJ 17IX 17/1 17/1 22/1 ADELAIDE 18/1 (transit Mm* 12 days) WEEKLY CONSOL SERVICE FROM GERMANY CON-CARRIER 53/87 CON-CARRIER 54/87 ETD GERMANY ETA SPORE 29/12 18/1 5/1 25/1 LCL SERVICE TO CARRIBEAN PORTS ST. VINCENT, GRENADA, ARUBA, GRAND CAYMAN, BERMUDA, BELIZE, HAITI, DOMINICA, BARBADOS.224 words
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Advertisement579 1988-01-14 26 mil CALL US ATr P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 •07-241W •07-*****3, *****5, *****0, *****1 •02-*****22 242 m WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER ***** :."iT —r B BUTANC 411 rrrt TTTT M DUMA B SURIA SHAMXA OTHER DESTINATIONS AARHUS AMSTERDAM.579 words
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