The Business Times, 19 January 1988
1988-01-19
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The Business Times
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Title Section11 1988-01-19 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, JANUARY 19, 1988 75 CENTS11 words
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Article264 1988-01-19 1 Dow Jones Armor WALL STREET stocks firmed in early trading yesterday, following up last Friday's strong advance in spite of an opening fall in the US dollar in New York. The Dow 30 index was up four points at 1960 and gaining issues led decliners four-to-three. Footsio264 words
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667 1988-01-19 1 LEE HAN SHIH - Liem subsidiary to draw on Parkway's local sawy By LEE HAN SHIH Property Correspondent PUBLICLY-LISTED Parkway Holdings has become a partner in a sprawling business network controlled by Indonesian magnate Liem Sioe Liong. It has taken a 30 per cent stake in a Liem667 words
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Article, Illustration408 1988-01-19 1 PENT-UP DEMAND over the past one week gave way to a buying spree in major Asian markets yesterday, following last Friday's reports of favourable US trade data. Dealers said the 25 per cent drop in the November trade deficit to US$l3.2 billion was the main408 words
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280 1988-01-19 1 IMPROVED American trade figures briefly boosted the US dollar above 131 Japanese ven lor 'Wflftsf time In riww nvfllTr month in the Tokyo foreign exchange market yesterday. But the greenback later sagged because of profit-taking and Japanese exporters taking advantage of the high280 words
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Article, Illustration545 1988-01-19 1 AMY BALAN - By AMY BALAN THE SEALION/First Capital Corporation caaa widened yesterday with fresh charges levelled sgainst its chairman Allan Ng. 46, and similar charges made against British banker Michasl Raymond Taylor, 49. the manager of Standard Chartered Bank in Singapors. for violating the Companies Act. Ng545 words
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Article70 1988-01-19 1 SINGAPORE'S tourism industry showed definite signs of recovery in the first eight months of last year and the smiles were returning to hoteliers and retailers till the October 19 stock market crash came along. How will the crash affect the tourism industry in Singapore? LIM SOON70 words
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435 1988-01-19 1 ANNA TEO - By ANNA TEO THE MANAGEMENT Corporation of the troubled Cheng Hong Mansion has officially held the developer responsible for all expenses and damages incurred as a result of the latter's "breach of contract" and "negligence in construction". The management corporation's legal advisers yesterday435 words
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Page 1 Advertisements
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Advertisement48 1988-01-19 1 Nikon The World's Finest Photographic S*sf pt STEP INTO 88 WITH CHAIR TO SOCCESS m mmmWWi \JI I In Til LIMITED STOCK ONLY H.B. POSTURE EXECUTIVE nj;i ASH EXECUTIVE fit CHAIR ONLY MOD: 318G Design Centre Re. Ltd. Henry Building, 5 Eunos Avenue 8-A Singapore 1440. CALL: 748-666648 words
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Advertisement309 1988-01-19 1 Full report, Pagt 12 Regional marfcah, Pag* 14 Hock Lock Slow, Pago 13 THE International Telecommunication Union and Telecoms will jointly organise Asia Telecom '89 in Singapore, scheduled for Feb 20 to 25 next year. HOME NEWS, Page 2 SINGAPORE will be forced to rely on nonprice factors in the309 words
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Advertisement57 1988-01-19 1 Nikon Th* World s finest Photographic System Get that winning spirit Ferrari Formula is a bold expression of style and elegance. Choose from a wide range of high-tech Ferrari Formula watches, pens, lighters and leather goods. Sole Agent ft Distributor for Singapore, Malaysia and Indonesia: LMC 268 Orchard Road, *16-01,57 words
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HOME NEWS
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Article, Illustration499 1988-01-19 2 LIM SOON NEO - By LIM SOON NEO THE MARKET for telecommunications equipment in Singapore is expected to remain sound, growing from U*****.2 million in 1986 to U*****.7 million in 1990, according to a recent study. The Telecommunications Industry Research Centre, which came out with the study, said that in499 words
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266 1988-01-19 2 BUSES RUNNING on routes parallel to the MRT trains between Yio Chu Kang and Outram have seen a drop in passengers ranging from 40 to 68 per cent. The sharp decline, said SBS managing director Tan Kong Eng yesterday, makes it necessary for SBS266 words
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Article71 1988-01-19 2 THE Association of Accredited Advertising Agents Singapore (4As) is seeking lecturers to teach in its Principles and Practice of Advertising module of the first National University of Singapore Mass Communication Course. The module, scheduled for March to June this year, will cover topics such as71 words
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Article, Illustration577 1988-01-19 2 WILLIAM CHIA - By WILLIAM CHIA PRINTERS and publishers sold goods worth $257 million abroad last year, a jump of nearly 37 per cent over the previous year. Breakdown figures for December are not yet available but Trade Development Board statistics for the first 11 months show that577 words
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345 1988-01-19 2 LOH HUI YIN - By LOH HUI YIN MORE AGGRESSIVE selling of its air time contributed to a massive jump in Singapore Broadcasting Corporation s net income last year. Net income earned last year was $24.7 million, compared with a paltry $3.2 million for the previous financial345 words
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86 1988-01-19 2 AN EXHIBITION that will highlight the latest fire-fighting units will be held in November this year. Fire Asia '88, which, to date, has the confirmed participation of 30 companies, will run alongside the South East Asian and Pacific Fire Safety Conference (SEAPAC) from Nov 1-4. The86 words
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Article109 1988-01-19 2 ABOUT EIGHTY local and Singa-pore-based companies will take part in the 7th Offshore Southeast Asia Exhibition and Conference to be held next month. Participants include Far East Levingston Shipbuilding, Sembawang Engineering and Sembawang Maritime. Local companies will promote their products and services for industry exploration, surveys,109 words
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Article64 1988-01-19 2 IN AN ARTICLE headlined "PAP conventions for members too" in last Saturday's BT. we reported that the People s Action Party would hold a convention for all party members every four years. It should have read every two years. The party's biennial convention for cadres will thus64 words
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439 1988-01-19 2 A JAPANESE joint venture has invested $2.5 million in a factory in Singapore to produce air-con-ditioner parts for local and overseas markets. Nisshin Industry (S) Re Ltd started operations this month at a Jurong Town Corporation factory at Gul Street. It was set up439 words
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Article, Illustration197 1988-01-19 2 JULIAN R HODGE has been appointed associate director (reinsurance) of Hogg Robinson (Far East) Pte Ltd. In his new role, Mr Hodge will develop a regional reinsurance operation in Singapore for the servicing of Asian treaty and facultative business and placement with professional reinsurers in Singapore and197 words
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158 1988-01-19 3 LEADING MANUFACTURERS will be promoting Singapore-made furniture at the world's largest furniture fair in Cologne this year. Nine participants will take part in the Cologne International Furniture Fair from today to Jan 24, with the help of the Trade Development Board. They include158 words
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Article734 1988-01-19 3 SOH TIANG KENG - Nomura economist on how Singapore can remain competitive By SOH TIANG KENG Financial Correspondent SINGAPORE will be forced to rely on non-price factors in the future to remain competitive in world export markets, predicts a research economist of Japan's Nomura Research Institute (NRI). Speaking before734 words
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479 1988-01-19 3 BRIAN GOMEZ - By BRIAN GOMEZ SINGAPORE has been requested to look into ways to reduce an annual trade surplus of more than Ss6oo million in its trade witfr India. Two-way trade *aat year grew $320 million to a record $1.7 billion. Shortly before a meeting479 words
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196 1988-01-19 3 THE newly-inaugurated India International Insurance Re Ltd, which since Jan 1 has taken over operations of four Indian Insurance companies in Singapore, expects its net premium business this year to total $40 million compared with $30 million last year. The inauguration ceremony at196 words
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639 1988-01-19 3 TONG SUIT CHEE - By TONG SUIT CHEE CONTRACTORS are generally happy with the recent changes in the Construction Industry Development Boards contractor registration system. But they have reservations about the raising of paid-up capital requirements for the larger contracts. Mr Jimmy Koh, president of Singapore Contractors Association Ltd,639 words
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Page 2 Advertisements
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Advertisement117 1988-01-19 2 I I I i ITS HME FOR THE BIG GUNS To make a killing in The Bear market, you need the right ammunition You need to know what's happening fast and make sense of it even faster With Reuters, it's possible Through its integrated package of financial news. real-time prices,117 words
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Advertisement8 1988-01-19 2 Prompt pick-up and delivery 24 hours a day8 words
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Page 3 Advertisements
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Advertisement274 1988-01-19 3 Sharp's In four Corner A wide variety of super-efficient copiers with automatic functions to work in your corner, for your section, or near your desk. SF-7100 Compact Full-Featured Copier 10 coptes per minute Auto exposure for perfect copes Up to B4 originals. Automatic toner dispensing. X 4 t?*. m >274 words
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OVERSEAS
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378 1988-01-19 4 AFP CAMBOOIA's Vietnamese-back-ed Prime Minister Hun Sen and former ruler Prince Norodom Sihanouk are to make a fresh bid to end the country's nine-year conflict as they open new talks in France tomorrow. The 65-year-old Prince and Mr Hun SenAFP - 378 words
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223 1988-01-19 4 AFP MALAYSIA is winning a war of attrition against the outlawed Communist Party of Malaya (CPM) whose guerillas abandoned a 40-year-old armed struggle in droves last year, security officials said in Kuala Lumpur. The officials said yesterday that 661 guerillas, called communist terrorists by theAFP - 223 words
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626 1988-01-19 4 Murder and fraud mark end of violent campaign Reuter MILLIONS of people voted in the last step of a two-year journey back to full democracy for the Philippines yesterday, but murder and fraud marked the end of the violent campaign for local elections. Halfway throughReuter - 626 words
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Article, Illustration387 1988-01-19 4 AP SOVIET Foreign Minister Eduard Shevardnadze began talks in Bonn with West German officials yesterday, with disarmament and a possible visit by Kremlin leader Mikhail Gorbachev the top issues on the agenda. Mr Shevardnadze arrived in West Germany on SundayAP - 387 words
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245 1988-01-19 4 AFP PRESIDENT Francois Mitterrand has called for closer ties between France and West Germany, particularly in the fields of defence and monetary policy. In an interview with the conservative West German daily Die Welt published yesterday. Mr Mitterrand said that France and WestAFP - 245 words
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346 1988-01-19 4 AP SOUTH KOREA will offer the US a limited number of concessions in response to American demands that it open its markets wider, a report said yesterday. The Yonhap news agency, quoting government officials, said South Korea would agree to import US beefAP - 346 words
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188 1988-01-19 4 AFP TWO NOBEL PEACE laureates, Eli* Wiesel and Lech Walesa, made an emotional visit to ths Auschwitz death camp in Poland on Sunday, symbolically opening a meeting of 75 Nobel winners that would focus on the themes of peace and war. Mr Wiesel wasAFP - 188 words
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Article, Illustration207 1988-01-19 4 Reuter ABOUT 600 ABORIGINES and their supporters shouted "shame, shame" yesterday when nine square-rigged vessels sailed into a Sydney bay to celebrate the arrival of the first European settlers to Australia 200 years ago. But more than 6,000 other Australians cheeredReuter - 207 words
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522 1988-01-19 4 Reuter PRINCE CHARLES' polo mallet maker moved to Indonesia when the country banned exports of rattan and the government is betting that a multi-million dollar furniture industry will follow the mallet maker's example rather than risk going out of business for lack ofReuter - 522 words
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Article987 1988-01-19 4 ARRIVALS Operator S*rvtc* Local From number time SU SQ1I 0115 LAX/NtT CAl 0341 0155 TPE NCA KZ205 0240 MKT JAL J1617 0305 TYO FT FT75 0315 JFK/DFW/IAH/ o«d/anc/i«t/ MNL/TPE CAl 0333 0405 TPS MAS MH681 0820 Km SIA SQ417 0820 DX8/KHI sv SV398 0835 JED/tUH MAS MH81987 words
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Page 4 Advertisements
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Advertisement76 1988-01-19 4 S,NG 'VESTMENTS FINANCE LIMITED (Incorporated in the Republic of Singapore) >/ ANNOUNCEMENT Pursuant to Article 8(1 )(b) of the Articles of Association of the Company it is hereby announced that the Status Declarations received by the Company as at the end of December 1987 revealed that the foreign beneficial ownership76 words
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Advertisement34 1988-01-19 4 The business person's choice, every Tuesday, Thursday. Saturday ana Sunday. Leaving Changt Airport at 22:05 hours and arriving Heathrow early the following morning. Ca't your Travel Agent or Air Canoda at *****55. AIR CANADA34 words
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Page 4 Miscellaneous
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Miscellaneous68 1988-01-19 4 Doonesbury 36A.P.-BOOPSia/SBXP£RfeNC !N6 A PASr-UFt RGGMS&ON. m ►31 Wsi La ?'m vs< LM-Z JOAN/5, IM A RJ- OH! ÜBiL. WRSSUF, HAVING MHYPfPNT A MST-UFZ&6&S- YOU SAY 90N' /Ut9BB,Ste'U&: SO FRJENPS' fi fig Hi js=y Vj <* MO, BY GARRY TRUDEAU ANP YOU, ZONK! MY BROTHER NOW, BUT IN TWO MILLENNIA,68 words
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COMMODITIES
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629 1988-01-19 5 AFP MAJOR GULF oil producers and their customers ere locked in a tug-of-war, with buyers expecting prices to weaken under pressure for discounts and producers awaiting higher rates from a production squeeze. Despite intense pressure on prices on international spot markets. Gulf-based oilAFP - 629 words
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192 1988-01-19 5 AFP INDONESIA will be the world's largest plywood supplier until ■And beyond the year 2000, the PbreStry Minister has said. Speaking to journalists after meeting President Suharto last Saturday, Mr Sudjarwo said the percentage of hatural forests used in Indonesia's huge wood industy wouldAFP - 192 words
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Article, Illustration424 1988-01-19 5 Producer considers petroleum imports AFP OIL PRODUCER Burma is considering importing petroleum to alleviate an acute shortage resulting from production shortfalls. The move would be a drastic policy change for the isolationist country, under socialist rule since 1962 and currently one of the world's poorestAFP - 424 words
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234 1988-01-19 5 AFP THE EXECUTIVE COMMITTEE of the Association ot Tin Producing Countries (ATPC) recommended last week that exports be pegged st 101,900 tonnes for s second 12-month export control scheme to begin in March. "The meeting agreed to recommend to the conference ofAFP - 234 words
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54 1988-01-19 5 AFP THE DHAKA-BASED International Jute Organisation (UO) has adopted a package of projects to boost jute's competitiveness against synthetics. The projects aim to improve the quality of production, develop and diversify jute's industrial use and maintain or enlarge its international market, according to senior UOAFP - 54 words
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Article243 1988-01-19 5 Crude palm oH futures rose further on the Kuala Lumpur Commodity Exchange yesterday before turning easier on technical correction in hectic trading. Turnover, which passed the 2,000 level for the first time on Friday to 2,127 lots, hit a new record with 2,286 lots changing hands. Crude palm243 words
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Article200 1988-01-19 5 Chines# Produce Exchange S»B«n' noon doakig pd cot on ion 18 (SS/100 kg) Coconut oil h* FOB 116.00 04d drum FOB 130.00 Now drum FOB 126.00 Copra Mixod (Ioom) 64 Pepper FOB NIW 1187.50 Sarawak whMo FOB faq NIW 1172 JO Sarawak spoctal block FOB NIW 852-50 Sarawak200 words
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Article419 1988-01-19 5 HONGKONG: Gold closed easier yesterday but demand from local speculators helped check a slide as the US$ rose on better-than-expected US' November trade figures. Dealers said selling from Japanese and Swiss interests pressured the metal early in the day but bullion ended only slightly lower at U*****.10/60 an419 words
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Article206 1988-01-19 5 Reuter SINGAPORE The rubber market closed lower yesterday with February One RSS buyers quoted at 224.00 cents/kilo, down 1.50 cents from last Friday s close. Prices eased slightly at the outset and continued to move lower in subsequent quiet morning trading on light selling of forward positions despite theReuter - 206 words
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Article245 1988-01-19 5 RAS prices m t cmMq, fob m bmto 1 NOON CLOSE Buyor* Sellers •vyon Setters In* 1 RSS Prompt 226.50 227JON 226.00 227.00N tm 1 RSS Fob 88 224J0 225.00N 224.00 224J0N Ir* 1 RSS Mar 88 223.00 223.50 222JO 223.00 In* 2 RSS Of 220.50 222JO245 words
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Article78 1988-01-19 5 (onH/kfl. I-ion poMn) FEBRUARY 88 MARCH 88 (currant month) (forward month) RAS NOON NOON fc/y»r* S*«*r> lwy*« Sdltrt SS* 30 226.50 228. SON 226.50 228.50N SS« SO 225 00 337.00N 335.00 337.00N MRELB br«a StlWn •uytn Seden SMt cv 281 50 283.50N 282.50 384JON SM> L 391.5078 words
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Article83 1988-01-19 5 THE TIN PRICE on the Kuala Lumpur Tin Market yealerday eaaed two centa from laat Friday's dose to M$l7J5 a kg. The fall reflected a larger contribution of metal, accumulated over the weekend, of 130 tonnes against 127 on Friday. Deaplte sterling's wsaknsss against the Ms, following the83 words
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Article58 1988-01-19 5 QUIET start of the week. No clear market direction apparent USS/borral Owotq* Dubai (Fab) 15.47 007 Wm Tna Intermedia**, wn (Fab) 16.95 -0.15 Products (FOB S'pore) USS/borr*l Oiang* Km— 24X5 -010 OanA 1940 «■«*< U» SMtpfcw Wa«r I«Mm. LSWt 15.25 «nd< UU/OM Oano* NapMka* 140.50 +1.50 Nnn58 words
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72 1988-01-19 5 Reuter CHINA plans to produce 410 million tonnes of grain and 4.5 million tonnes of cotton in 1968, up from 400 million and four million in 1967, according to minister of sgriculture, animal husbandry and fisheries He Kang. The People's Daily ateo quoted MrReuter - 72 words
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Page 5 Advertisements
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Advertisement157 1988-01-19 5 Roland is the name of a very versatile plotter ocm ****UMCATK# Roland has many competitors, but very few can rival Roland's versatility: from accurate, vivid renditions of CAD-produced plans, to J straight-forward, eye-catching, impressive and authoritative business graphics. Roland operates on programmes written for thejm HP plotter as Autocad, Lotus157 words
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Advertisement160 1988-01-19 5 We first made our point 65 years ago It was this. Back in the early *****, under the now rather quaint-sounding name of the Ideal Wireless Telephone Company, we were making high-quality headphones. Each type was identified by a small spot of a particular colour; on the very best models,160 words
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MONEY AND EXCHANGES
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Article1105 1988-01-19 6 SINGAPORE: The US dollar yesterday retreated against most major currencies after a firmer opening, but closed mixed compared with New York's Friday levels, after a moderately active session. Dealers said the dollar's initial strength on news of a smaller-than-ex pec ted U5513.22 billion US trade deficit for November1,105 words
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Article308 1988-01-19 6 ASIAN DOLLAR deposits closed steady at opening levela yesterday, but trading was quiet in the afternoon due to lack of intereet. Dealers said the market was awaiting thia week's release of US December housing starts and building permits, consumer price index and real earnings data. Term rates308 words
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Article, Illustration187 1988-01-19 6 Indicates Mm ol Mm prim# landing nA— ol 12 major banks In t'pora Interbank market rates (offer/bid) on Jan 18 7 days 1 mMi 3 M#l 6 f*tfh 13 m* US$ 13/16—13/1* 7 7/1-1/4 7 1/16 6 13/16 5/8 1/J 7 3/16— 1/16 9 1/16 —SIS/16 7187 words
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Article35 1988-01-19 6 THE OVERNIGHT rate on tho Singapore interbank market rose point to 3K per cent yesterday. The one-month term rate fell 1/16 point while the two and three-month rates both tell V 6 point.35 words
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Article87 1988-01-19 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity RID OFFER HtGH LOW 3 months BQ*****T 14.4.88 2.82 2.77 2.92 275 6 months BY*****S 30.6.88 2.94 2.89 2.96 2.90 1 y*ar BY*****T 24.11.88 2.92 2.87 2.91 2.88 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing87 words
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Article554 1988-01-19 6 EURODOLLAR futures yesterday rose sharply from the previous close at Simex's opening following the narrower than expected US trade deficit. March Eurodollar slipped from the opening of 92.54 to 92.52 on profit-tak-ing before firming up towards the cloee to 92.55. The market outlook has turned bullish with correction checking554 words
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Article1692 1988-01-19 6 CURRENCY FUTURES OPTIONS I JOHI tar, IS 1988 DC UTSCHEMAUK <•***) 1 i I 1 Nfe •6 Hi Lot Ml Lot Saa S3 46 4 M IIS 10 57 2*6ft 271 256 16 21 M 1C71 192 45 40 39 59 120ft 124 SOS 70 60 64A 72 I32S1,692 words
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Page 6 Advertisements
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Advertisement157 1988-01-19 6 Orient Car Leasing The SPECIALIST in corporate car rental. Call our HOTLINE now: 469 1455 ORIENT CAR LEASING PTE LTD 913, Bukit Timah Road, Singapore 2158 We take good cere of our cars for you! i/ TAT LEE BANK LIMITED ANNOUNCEMENT Pursuant to Article 6<l)<a) of the Articles of Association157 words
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Advertisement10 1988-01-19 6 IB &XNQUE INDOSUEZ 3 Shenton Way. Shenton House. Singapore 010610 words
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Page 6 Miscellaneous
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Miscellaneous106 1988-01-19 6 MM) Singapore OUTLOOK Cloudy and Bahrain Bangkok Barbados Brvasoh Buonos Aires Cairo Calgary Canberra Caracas Chicago CopVigon Darwin OubNn Frankfurt Ganava JoW?*" Kiev K Lumpur London Los Angoios Madrid WJnHO wtfoowmt Mexico CHy Report for 24 hours prior to 7.30pm on ion 18 at the airport; Max lamp. 29.5 Aaooc106 words
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BANKING AND FINANCE
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479 1988-01-19 7 THE US FEDERAL Home Loan Bank board will focus on settling the solvency problems of thrifts in the south-west in 1988, according to board chairman Danny Wall. Mr Wall told banking executives in Dallas that the FHLB hoped to complete restructuring plans for all479 words
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Article106 1988-01-19 7 FOLLOWING the lead set by three of the Big Four banks, the local branch of Mitsui Bank is lowering its prime lending rate. Beginning today, Mitsui Bank's new rate for its most credit-worthy customers is 6.5 per cent a year, down point. It is also lowering106 words
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Article54 1988-01-19 7 Reuter THE HONGKONG Association of Banks has decided to leave interest rates unchanged. Current rates are savings 114%, 24-hours, seven-day call, one week and two-weeks one month and two months one per cent, three months 1%%, six months 2%, nine months 2%% and 12 months 2%%. The primeReuter - 54 words
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311 1988-01-19 7 Reuter THE AUSTRALIA and New Zealand Banking Group's (ANZ) provisions for loans to less developed countries are fully adequate, chairman William Vines told shareholders in Melbourne yesterday. The ANZ said it set aside A 5332.05 million against possible defaults on its almost Asl.6 billionReuter - 311 words
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243 1988-01-19 7 Reuter McDonnell douglas Bank, the UK banking unit of McDonnell Douglas Corp MD, is making its foray into commercial lending as a precursor to the launch of a retail banking operation, managing director Tony Nelson said. The bank was formed lastReuter - 243 words
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Article68 1988-01-19 7 Reuter THE US Commerce Department says it has fined Bank of America U*****,000 over blacklist law. The Department said the bank paid a US beneficiary based on a letter of credit that required him to agree to refuse to do business with blacklisted nations. USReuter - 68 words
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828 1988-01-19 7 US regional banks unloading loans Reuter SALES of Mexican debt, especially by US regional banks, have increased in recent weeks, showing that these banks prefer to sell now rather than join the Mexican debt-for-bond plan, Third World debt traders said. "Why would regionalReuter - 828 words
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Article349 1988-01-19 7 Reuter MEXICO'S general director of public credit, Mr Angel Qurria, held talks with bankers in New York on Friday to discuss their reactions to the country's recent loan-for-bond proposal, bankers said. They said that Mr Gurria ostensibly was in New York to go over operational detailsReuter - 349 words
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Page 7 Advertisements
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Advertisement82 1988-01-19 7 as.. m x' S-V? *m: W I THE BMW73Oi HAS ARRIVED. (AH EVEHT THAT'S OF LITTLE COHSEQUEHCE UNLESS YOU,TOO, HAVE ARRIVED.) > t: •VV. w/ w t I® 1 m -;■> THE ULTIMATE DRMWC MACHINE A MEMBER Of SJME DARBYGROUP 0 PERFORMANCEMOTORSLIMITED 896 DUNEARN ROAD. (2156) TEL *****00 TELEX RS82 words
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PERSPECTIVE
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Article512 1988-01-19 8 THE HONGKONG GOVERNMENT has steadfastly refused to repeal or even adjust its four-year-old currency link to the US dollar. Established in October 1983, when political uncertainties threatened to wreck Hongkong's economy, the peg of 7.8 Hongkong dollars to one US dollar today is economically hard512 words
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Article, Illustration2640 1988-01-19 8 LIM SOON NEO - The ripple effects of Black Monday, when the world's stock markets dived sharply and suddenly, may affect the tourism industry in Singapore. LIM SOON NEO finds out from the travel trade people what they think could be the impact on business. LIM2,640 words
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890 1988-01-19 9 LEONARD SILK - By LEONARD SILK NYT THE BRITISH are feeling good about their economy. The latest official forecast of the Treasury, prepared soon after the October stock market collapse, put the growth rate for the national economy in 1988 at 2.5 per cent. Inflation is expected toNYT - 890 words
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Article, Illustration990 1988-01-19 9 AP SO MANY French farmers are leaving their farms for cities that experts fear some corners of France's picturesque rural landscape could be transformed into a kind of "green desert". Each citybound farmer is said to leave someone behind an old uncle whoAP - 990 words
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Article, Illustration783 1988-01-19 9 Agencies IN SPITE OF evidence that West German economic growth came to a virtual standstill in the final quarter of 1987. officials in Bonn say that Chancellor Helmut Kohl s conservative coalition is still aiming for expansion of between 1.5 and 2Agencies - 783 words
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Page 8 Advertisements
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Advertisement47 1988-01-19 8 I*'OB K S*ntcoa()uCVf Pffionil. COfe«mf Clubs-teeing off and talking turkey Personal Finance: whaf s your price tag? Profile on NS's Ronald Ho Will the Crash dim tourism's bright lights? Homes: An area of legal dispute Investment spotlight: KFC (S) and Genting Bhd JANUARY 1988 NOW AT NEWSSTANDS47 words
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Advertisement13 1988-01-19 8 ADVHHS£M£NT iMHfmi4cmM£imrixE2r£W l ATi&srcH i m* I 1 EXECUTIVE UFESTM SATURDAY. BUSINISS TIMES.13 words
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Page 8 Miscellaneous
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Miscellaneous24 1988-01-19 8 nnStCMT: FWlc Dickers MOu> Do nw^fHGe TO CUT THROUGH ReD so efvsiL.y. CP\S€- FpylßL-V BUT FIRmLV f then i shou) thcto my V BffT24 words
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Page 9 Miscellaneous
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Miscellaneous669 1988-01-19 9 CRYPTIC PUZZLE ACROSS 3 Watchful people? (5) 8 Like any mother embraced by a barbarian (5) 10 A famous name in linen (5) 11 A fair police officer? (3) 12 Floating classrooirP (5) 13 Cancel completely, but don't rub it in (4, 3) 15 Openings in dermatology? (5) 18 One669 words
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Miscellaneous1190 1988-01-19 9 to aiaa aaaw) 7.2S PM Opening Announcement and Progromme HigNightt followed by Carol Burnett And Friends. 1.00 Footsteps Pyromids In Tho Jungle. 0.00 Only Fool* And Hon** Friday Tho 14th. 9.30 Cosmopolitan Theatre Moelstrom: All HI Wind (Soo 10.20 World Musk Album. 10.30 Horse Racing Kentucky Dorby. This programmes features1,190 words
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SPORTS & LEISURE
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Article, Illustration482 1988-01-19 10 NYT WITH GEORGE FOREMAN'S boxing comeback, Don King has come down with a mild case of nostalgia, remembering Foreman's part in what amounted to something of a role reversal between the two men: Foreman losing his crown and King gaining a new career.NYT - 482 words
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Article139 1988-01-19 10 AFP SUGAR RAY LEONARD, who pot- led off the biggest surprise in boxing in 1967 when he csme out of retirement to defeat Marvin Hagler for the world middleweight crown, predicts that former heavyweight champion Larry Holmes will do just the same and chalk up theAFP - 139 words
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Article, Illustration326 1988-01-19 11 AP, UPI DOUG WILLIAMS, overthrowing and underthrowing most of the day, hit Gary Clark with a 7-yard touchdown pass with 5:15 to play as Washington Redskins qualified for its third Super Bowl in six years, beating the Minnesota Vikings 17-10 on Sunday. Washington's– AP, UPI - 326 words
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319 1988-01-19 11 AP IVAN LENDL, the world's top-ranked tennis player, traces his success to a rigorous weight training regime that has added strength to his already-powerful game. "I think I am hitting the ball harder for two simple reasons," said the Czech, who defeated Australian DavisAP - 319 words
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149 1988-01-19 11 AFP SAIL AMERICA designer John Marshall yesterday acknowledged that his syndicate was "terrified" by New Zealand's big boat challenge for the America's Cup in September. "We don't feel confident at all," Marshall said in an interview with Radio New Zealand. "We feel terrified." NewAFP - 149 words
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231 1988-01-19 11 AP NORWAY'S Geir Kvernmo broke away from the field at the midway point and held off Mexico's Salvador Garcia in the final mile to win the Tenne-co-Houston Marathon on Sunday. Kvernmo, running in his fifth marathon, built a 30-second lead over Garcia after pulling awayAP - 231 words
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Article, Illustration479 1988-01-19 11 AP DEFENDING CHAMPION Stefan Edberg scored an unconvincing 6-3, 6-3, 6-4 victory over Australian teenager Jason Stoltenberg yesterday to advance to the quarter-finals of the US$l.9 million Australian Open Tennis Championships. Also posting fourth-round victories yesterday were third-seed-ed Mats Wi lander of Sweden and Andrei ChesnokovAP - 479 words
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Article, Illustration400 1988-01-19 11 Reuter KATARINA WITT will defend her title at the winter Olympics in Calgary next month more firmly established than ever before as the queen of European figure skating. The 22-year-old East German, who won a record-equal-ling sixth consecutive women's title in Prague, dominatedReuter - 400 words
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Article138 1988-01-19 11 AP BEN JOHNSON, the world sprint champion, won the 60metre dash in 6.54 seconds on Saturday at the Achilles '88 Indoor Games in Vancouver. Johnson's time was far off his world record of 6.41 set last March in the World Indoor Championships at Indianapolis.AP - 138 words
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302 1988-01-19 11 AP STEVE PATE of the US was declared the winner of golf's Tournament of Champions on Sunday after a series of rain squalls washed out the fourth round and reduced play to 54 holes. Compatriot Dave Hill, who led through three roundsAP - 302 words
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Page 10 Advertisements
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Advertisement787 1988-01-19 10 at sS T as > _W6_ ***** 1 ,'k 'ponetyi&oUcy a band with a faraway name but who's right at home with the crowd at Treetops Bar... 8 pm onwards. Royarf Singapore ANYTHING GOES WITH MANGOES. Well almost anything.. like C rabmeat. Lobsters. Large Saute Prawns. Roast Lamb. Beef Tournedo.787 words
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Advertisement201 1988-01-19 10 r o: Qj As3ldedtooyouddkms for hmch, Italian style. You're in for an incredible deal wjSi The Belvedere's Italian Buffet lunch 6Q traditional delicacies for S3l (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 marsala201 words
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Page 11 Advertisements
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Advertisement520 1988-01-19 11 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 $36++. Closed on Sundays. Saturday dinner only. Westin Plaza, Ist Floor. For reservations, call 338 8585. ext. ***** or 330 8310. The Westin Plaza Raffles520 words
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Page 11 Miscellaneous
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Miscellaneous55 1988-01-19 11 Play golf the Sevvy way The long pitch a a TO HfT THF MIL 3 \s K ti :-i •y- KMf« AtOVf TARGET. > S. U Peter IkiImi a Percy H-tgi'i \PRIVTN« THE lf« THR006H > THE HfTTINd AREA IVTlt ENABLE VOU TO HfT THE BAIL CRtiPtV. AND HELP YOU55 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4144 1988-01-19 12 AS ANTICIPATED, the bet-ter-than-expected US November trade figuree eent stock prices in the local market soaring with selective blue chips posting dou-ble-digit gaine. Stock pricea roae strongly ecroes the board in active trading with 173 advances againat five declinee. The pent-up demand of4,144 words
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Article247 1988-01-19 12 SINGAPORE Rises DBS 1010 S 1 A 995 ft"?* »IS MMr* Mdp *23 Cnta 50* 523 Nm Iraa 330 IM* 30* 525 UC 12* M 47* 50 50 30 35 35 33 30 27 27 2* 4. V Inrllraa ■note** tmm IS iaa IS ST Camparite 7744S247 words
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Article3829 1988-01-19 12 BID mad offer prion officially listed aad business in and reported to the Stock Exchange <* Stofapore yesterday with the number at daw traded dwi ta tractate la lota at MM units oataas otherwise specified AH Time Settlement Contracts are quoted after the word ••SETT'.3,829 words
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Article263 1988-01-19 12 Monogars' priccs Japan Gr Fund 144 l.4» 1 for Jon 19 Sh—lan ThrUt Fund 031 031 Singapore Unit Trust (JOB Management Unilund 0 83 033 T1m Co—id on ow Uubond-t-om IjOI Tk* Sovmgi Fund OBI 087 S'por* frofl Fwtd S'por* W Fund 037 0-42 041 047 MARA-Bumiputra Sport263 words
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COMPANY NEWS
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Article, Illustration432 1988-01-19 13 wm mm™ By HOCK LOCK SIEW THE MAGIC number that has spun stock markets out of their recent doldrums is U5513.22 billion the lower-than-expec-ted trade deficit figure for the US last November. Investors who had been chewing their nails over the all-important indicatorBy HOCK LOCK SIEW - 432 words
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500 1988-01-19 13 •i njr ALTHOUGH CARLSBERG is probably tye most visible Danish investment in Malaysia because el its beer, there are other Well-known Danish business interests in Malaysia, too. Among them are The East Asiatic Company (M), the long established trading, plantation and500 words
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Article, Illustration1369 1988-01-19 13 MBT THE SOUTH PACIFIC Textile Industries (SPTI) group, which has lust reported a doubling of earnings for its latest financial year, is poised for further growth in the years ahead. For one, prospects for the Malaysian textile industry are looking good andMBT - 1,369 words
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COMPANY BRIEFS
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Article72 1988-01-19 13 KAMPUNG LANJUT Tin Dredging Bhd said transfers received by its registrars up to Feb 10 would be registered for sub-division. The company announced the splitting of its M 51.50 shares into Msl shares followed by a bonus issue of one-for-two. It said certificates expressed in72 words
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Article89 1988-01-19 13 SHARES of three formerly tin-based companies will be reclassified under "industrial" on the KLSE from Feb 2. The three are Aokam Tin Bhd, Kinta Kellas Tin Dredging PLC and Kamunting Tin Dredging (M) Bhd. The KLSE said Mt Pleasure Holdings Bhd and Sri Hartamas Corp Bhd89 words
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554 1988-01-19 13 LISA LEE - C C scouts around for a major acquisition By LISA LEE CYCLE CARRIAGE Ltd has injected a sense of urgency in its search for a new source of income in view of the anticipated stagnation in growth of the motor industry. Chairman Tan Sri Basir Ismail said the management was554 words
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Article, Illustration617 1988-01-19 13 Sentencing deferred to Feb 4 FORMER Malaysian Chinese Association (MCA) president Tsn Koon Swan has pleaded guilty to an amended charge of criminal breach of trust of morp thsn Ms 23 million belonging to Multipurpose Holdings Bhd (MPHB). Sessions Court Judge Puan617 words
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Page 13 Advertisements
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Advertisement108 1988-01-19 13 §i m Australian Company well established for many years in frozen foods, engineering and consumables with annual turn-over of about As 7 million plans to expand its operations in 1988 and diversify into real estates and other ventures. Managing Director former Malaysian, seeks special suitably qualified personnels/ investors ideally able108 words
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Advertisement91 1988-01-19 13 INVESTA-MATIC A NEW SERVICE PROM ricsons Vital information for Fundamental and Technical Analysis is now instantly at your disposal with Invest-A-Matic Dividend Yields, Market Capitalisation, P E Ratios and much more are available! Charts of SES/KLSE stocks can now be plotted as well as leading world indicators such as Hang91 words
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REGIONAL MARKETS
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579 1988-01-19 14 Obstacles to North Broken Hill-Peko merger Reuter A SHARE market swoop on takeover target Peko Wallsend Ltd by Industrial Equity Ltd (lEL) could presage a much larger move by Elder? IXL Ltd, share analysts said. lEL's disclosure on Friday that it holdsReuter - 579 words
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368 1988-01-19 14 Reuter JAPANESE corporate bankruptcies rose 2.2 per cent to 977 cases in December from November, but were down 32.5 per cent from a year earlier, marking the 36th. straight month of year-on-year declines. The figures, provided by the Tokyo Commerce and Industry ResearchReuter - 368 words
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Article4136 1988-01-19 14 BUYERS return to the Kuala Lympur stock market yesterday causing prices to finish firm across the board in active trading. The buying also left a trail of hefty gains:. The support took the widely-followed New Straits Industrial Ordinary Share Index to close at 1,432.96,4,136 words
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Article183 1988-01-19 14 Reuter KUNDU Petroleum Ltd. a company formed to explore for petroleum in Papua New Guinea, said it would float shares in Australia and spud its first well in the first half of 1968 Kundu will raise A 518.36 million by an underwritten issue of 36 millionReuter - 183 words
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Article93 1988-01-19 14 Reuter TOYOTA Tsusho Corp, a trading arm of Toyota Motor Corp, will contract with Rolls-Royce Pic (RR) of Britain to be a sales agent for Rolls-Royce aircraft engines, a Toyota Tsusho spokesman said yesterday. Toyota Tsusho is expected to sign the contract in February andReuter - 93 words
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Article1386 1988-01-19 14 Hdngkortg SHARE prices closed sharply higher, propelled by demand from overseas fund managers who moved into the market after Friday s announcement of a sharply reduced US November trade deficit. The Hang Seng Index roee 82.42 points, or 3.39 per cent, to 2,512.19 after advancing 95 points1,386 words
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Article120 1988-01-19 14 wrm Kai ***** JHW ***** -500 ***** -*-110 Chall Sugar ***** Koton Ind ***** 200 Daailm Ind ***** ***** -2300 Koraa Long Tarm Lucky Ltd ***** ***** -1100 ann Daawoo Haavy Datahin Sacurltiaa Dong Ah Phar Dong Suh Slock Dongbu Slaal OotdSUr Ha mi Bank ***** ***** ***** *****120 words
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Article476 1988-01-19 14 Reuter SHARE prices on the Tokyo market gained yesterday as the pared US November trade deficit figure dissolved a week's worth of pent-up anxiety, but were pulled off highs due to continued uncertainty over the dollar's long-term outlook, brokers said. The Nikkei Average rose 306.55 points, or 1.36 perReuter - 476 words
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Article432 1988-01-19 14 Reuter AUSTRALIAN shares closed sharply higher yesterday but just oft the day's peak in response to solid rises on overseas markets, brokers said. the way. At the close, the All Ordinaries Index was up 15.9 points at 1,293.4 and the All Industrials Index was up 33.1 at 2,001.2. TheReuter - 432 words
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Article157 1988-01-19 14 Reuter THE SECURITIES Exchange of Thailand Index shot up 23.05 to 334.99 yesterday on a turnover of 7,885,478 shares worth 928.82 million baht. jam ia i IAMT *b Ao Kham Thai m 324 83 5 >26 6.5 Baogxo* Bank 333 >22 Bar* 0» Ayudhya 336 30 Charoong Thai WiraReuter - 157 words
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Article234 1988-01-19 14 jan ia All Sincara Indus. NT 2 SB 68 SO -0.13 3.5 Kolln Kuochan Dav Laa Chang Yuan Cham Indus 32 20 36.90 36 70 36 10 1.6 U I Cathay Con* 73.50 4 52 SO 28 206 00 1 Chang Loong Chia Main Camant .46.30 46 70 2.7234 words
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Page 14 Advertisements
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INTERNATIONAL COMPANY NEWS
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275 1988-01-19 15 Reuter E F HUTTON Group Inc has reported incurring an after-tax loss of U*****.7 million for October and November last year. The company said the losses were mainly due to a decline in the market value of securities held for investment, bad debts relating toReuter - 275 words
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101 1988-01-19 15 Reuter DAIMLER-BENZ AG, the diversified car manufacturer, is still interested in acquiring a stake in the French arms and electronics group Matra, a spokeswoman said in answer to enquiries. She added that Daimler was optimistic its application for a five pet stake,Reuter - 101 words
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Article75 1988-01-19 15 Reuter A CHINESE construction company has formally registered its intention to bid on a 1,150 billion yen construction project involving a tunnel and bridge across Tokyo Bay, a spokesman for Trans-Tokyo Bay Highway Corp said. China Civil Engineering Construction Corp registered to apply for the basicReuter - 75 words
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Article, Illustration579 1988-01-19 15 BP's offer considered inadequate Reuter ATLANTIC Richfield Co is in a good position to determine the fate of Britoil PLC. which is being sought by British Petroleum Co PLC, American oil industry analysts said last week. Arco has all the options in its favour, saidReuter - 579 words
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Article, Illustration426 1988-01-19 15 Reuter BAYERISCHE Motoren Werfce AG is well equipped to cope with a worsening of the car industry business climate this year and hopes to increase production and sales. In a shareholders' letter. BMW said that its model rangeReuter - 426 words
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655 1988-01-19 15 NYT AMERICA'S top-ranking investment advisers in 1987 began raising cash well before the stock market collapsed on Oct 19. But, unlike many other money managers, they also had the fortitude to jump back into the market on the heels of the record 508-point plungeNYT - 655 words
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104 1988-01-19 15 Reuter THE US SECURITIES Industry Association said it had formed an ad hoc committee to study the Brady Task Force report on the Oct 19 market plunge and to olt fer suggestions for further examination by Congress and regulators. Last Tuesday. SIA directors wereReuter - 104 words
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Article, Illustration591 1988-01-19 15 Reuter DRINKS group PernodRicard of France is negotiating to buy a family-owned foreign company, also in the drinks sector, in spite of the possible sale of its lucrative French Coca-Cola Co concession, according to chairman Patrick Ricard. Pernod and Coca-Cola were inReuter - 591 words
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303 1988-01-19 15 Reuter MIDLAND BANK PLC has withdrawn from its Greenwell Montagu Securities Ltd institutional equities business in a move which could involve the loss of some 200 jobs, a spokesman for Greenwell Montagu said. "Midland has decided to withdraw from its UK and HongkongReuter - 303 words
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Article117 1988-01-19 15 HONGKONG Hongkong Index Monday 1.642.39 Fridoy 1.587 37 Week ago 1.570 48 Hong Seng Index Monday 2,***** Friday 2.429.77 Week ogo 2.400 80 All Industrials Monday 2.001.2 Friday 1,9681 Week ogo 1 .938 1 NEW YORK Dow Jones Friady 1.956.07 Thursday 1.916.11 Week ogo 1.911.31 TOKYO Nikkei Average117 words
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Page 15 Advertisements
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Advertisement94 1988-01-19 15 oram cm mimkss BT, Singapore's largest daily, carries an in-depth and up-to-date coverage on the banking and financial sectors, both local and overseas. This indispensable page keeps all bankers, investors and traders informed on significant international events and contracts. The Money and Exchanges column included in this section contains daily94 words
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Advertisement124 1988-01-19 15 TECHNOLOGY every Friday (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Applications have been made to the directors of the abovenamed company to issue duplicate share certificates in place of the following share certificates which have been reported lost or destroyed:Certificate No. Name No. of shares *****9E/21C Tan Ai124 words
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Advertisement481 1988-01-19 15 IN THE MATTER OFT THE COMPANIES ACT (CHAPTER 90) AND >- IN THE MATTER OF WIRONTONO DEVELOPMENT PTE LTD (Incorporated In the Republic of Singapore) (In Liquidation) Members' Voluntary Winding Up At an Extra-Ordinary Oeneral Meeting of the Members of the abovenamed Company duly convened and held at 52 Telok481 words
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481 1988-01-19 16 LILY FERNANDEZ - Non-oil products made big contributions By LILY FERNANDEZ SUSTAINED external demand for Singapore's high value-added products kept exports on the growth path in December. Exports at current prices went up by nearly 29 per cent to $5.9 billion, according to481 words
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304 1988-01-19 16 Bernama STAR PUBLICATIONS (M) Bhd and its group chief editor V K Chin yesterday withdrew their appeal in the Malaysian Supreme Court relating to a libel suit brought by Prime Minister Lee Kuan Yew last March. No reasons were given for the withdrawal,Bernama - 304 words
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391 1988-01-19 16 AFP FIVE FIGURES have emerged as possible successors to the late Chiang Ching-Kuo as head of the ruling Kuomintang (KMT) in the delicate period of moves towards more democracy, analysts said. The new chairman will have to be endorsed by both theAFP - 391 words
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156 1988-01-19 16 AP ABOUT 40 legislators from the ruling Nationalist Party signed a petition yesterday calling for newly-installed President Lee Teng-hui to be named party leader too. Mr Lee, 65, succeeded Mr Chiang Ching-kuo, who died last Wednesday of heart failure. He isAP - 156 words
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187 1988-01-19 16 AFP CHINESE economists expect a slowdown in Sino-Japanese trade until 1990, including possible cutbacks in certain areas, the official China Daily Business Weekly reported yesterday. "The current situation is not ideal, because the total trade volume is down," it quoted Mr Peng JinzhangAFP - 187 words
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278 1988-01-19 16 Reuter JAPAN'S Prime Minister Noboru Takeshita is not likely to move quickly to push economic and market-opening measures discussed during his first official visit to Washington last week. A cautious approach could increase his ultimate chance of success at home but could spark USReuter - 278 words
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Article74 1988-01-19 16 AFP ALLIES of Philippine President Corazon Aquino led in earty unofficial talliee in yesterday's gov* ernment elections in the capital and suburbs, according lo television end radio reports in Manila. But Mrs Aquino's sis-ter-in-iew Mile Albert running in the former capital of Quezon City, andAFP - 74 words
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89 1988-01-19 16 AP INDONESIAN Preeident Suharto sssured Pspus Nsw Quinss Prime Minister Psias Wingti yeeterday that Indoneeia has no intention of interfering in his country's internal affairs. Wingti and Suharto met for two hours shortly after the visitor's arrival from Singapore, and Cabinet Secretary Murdiono aaid MrAP - 89 words
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LATE FILE
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27 1988-01-19 16 AFP SOUTH Korean presidentelect Roh Tee-Woo said yeeterdey he would include opposition figures in his government to creete en sbove perties government.AFP - 27 words
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Article37 1988-01-19 16 AP OFFERING unueually libersi terms, communist Vietnam hes launched a worldwide drive to get Western nations and others to inveet in its struggling economy, a senior Vietnameee official said yesterday in Bangkok. APAP - 37 words
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Article45 1988-01-19 16 Bernama growth problems THE rapid growth of Kuala Lumpur's population, protected to reach two million by the yeer 2000, has created problems in controlling some negative effects of development in the city. Datuk Bandar Datuk Glyas Omar said yesterday. Berne maBernama - 45 words
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Article25 1988-01-19 16 Reuter CHINA haa euepended plana to build an international airport in Zhubei neer Macao. Zhuhai Vice-Mayor Chen Wen lei aaid yeeterday.Reuter - 25 words
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39 1988-01-19 16 AFP NEW Delhi police yeeteiday arreeted a prominent leader and 2.000 aptivieta of thai 1 Bharatiya Janpta (People's) Party (BJP) aa they launched a week of propels against Prims MinistdF; Rajiv Gandhi's govern rosiW. AFPAFP - 39 words
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Article102 1988-01-19 16 Reuter COMEX GOLD FUTURES rope on bargain- hunting demand M early trading yestsrdsy, following last Friday's downswing 6n the smaller-than-expected US trade deficit for November. After one hour of bueinees, February gold had a net gain of US$l.3O at U*****.80 an oOnce. below an early highReuter - 102 words
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Page 16 Advertisements
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Advertisement453 1988-01-19 16 IN ORDER TO REACH A SENIOR POSITION AN EXECUTIVE SHOULD BE WITHOUT OR SHOULD HAVE KEPT HIDDEN EXACTLY THE QUALITIES THAT HE WILL NEED WHEN HE GETS THERE Edward de Bono Edward de Bono is the author of 27 books which have been translated into 21 languages. He has also453 words
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Advertisement235 1988-01-19 16 vatMiL wm CHRONIC INSOMNIA is about the most exciting thing frequent fliers can look forward to these days. Aviation has entered the age of mass monotony. But come next Monday, January 25, Business Times takes you tripping in some cases back in time, in others behind the scenes for a235 words
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SHIPPING TIMES
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123 1988-01-19 17 DATUK MICHAEL CHEN has been reappointed to a fifth term as the Port Klang Authority chairman. The post is by yearly appointment. Datuk Chen, who is the fifth chairman of "the authority since its inception in 1963, has been a tremendous asset to the123 words
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349 1988-01-19 17 THE FEDERATION of Asean Shippers' Councils and the Asia North America Eastbound Rate Agreement have agreed for the first time to hold regular consultations on matters affecting the trade. Meetings in the past were initiated by Anera, a 14-mem-ber grouping in the Far349 words
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237 1988-01-19 17 Lloyd's List THE UNITED STATES and Taiwan appear to have reached an initial compromise in the dispute over whether American carriers suffer disadvantage in Taiwanese ports. A series of negotiations between the Kaohsiung Harbour Bureau and US lines has resulted in permissionLloyd's List - 237 words
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413 1988-01-19 17 THE THAI Maritime Promotion Commission will take measures to prevent Thai ships from overcharging when transporting government cargoes, said the Bangkok Post. A commission official told a recent maritime seminar in Bangkok that overcharging was unfair and counter to the government's413 words
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Article, Illustration754 1988-01-19 18 Lloyd's Shipping Economist DURING 1967 the value of combined carriers appreciated considerably. with a particular boost to prices coming as the year drew to a close. Lloyd's Shipping Economist price indicators show that for eight-year old vessels of 70,000 and 140,000 dwt, prices roseLloyd's Shipping Economist; Source: Lloyd's Shipping Economie - 754 words
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162 1988-01-19 18 THE THAI government has formed a panel to promote the local shipbuilding industry and save foreign exchange. The Bangkok Post reported that the working committee set up under the Maritime Promotion Commission had proposed that the Finance Ministry exempt tariffs on162 words
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Article779 1988-01-19 18 AB Shpg V 5 I Brasileiro IV 2 ABC Container VIII 1 lloyd T riestino IV 4/5 Accord Shpg VI 3 lykes lines HI 2 Africa Ocean X 2 Modju Sdn VII 5 Alltrans VII 3 Moersk line 1 4/5 American Tpt X 4/5 M'sia Shpg Corp779 words
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Article1170 1988-01-19 18 PANAMAX bulk carriers continue to command firm rates on Friday, with grain business reported from the US Gulf to Japan at US$22 compared with the Baltic sub-index for this voyage of $21.6835, shipbrokers said. A soybean meal cargo of 25,000 long tons was covered from the Gulf to1,170 words
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292 1988-01-19 19 Lloyd's List CANADIAN Pacific Ships and Barber International hava established a new joint venture company specialising in ship management and consultancy. Known as BCP Ship Management, the move signals the end of CP Ships's direct involvement with ship management.Lloyd's List - 292 words
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223 1988-01-19 19 Reuter THE BROKEN Hill Pty Co Ltd said its Skua Three appraisal wall in the Timor Sea has flowed 5,096 Parrels per day (bpd) of 41.8 degree API oil. BHP Petroleum spokesman Don Norton said Skua Three will probably be suspended now and itsReuter - 223 words
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284 1988-01-19 19 Kingsley Wood - From Kingsley Wood EQLO ENGINEERING and Australian Shipbuilding Industries, trading as Australian Marine System, have entered into a As 22 million deal with the Federal/Western Australia governments to operate a naval and commercial shiprepair yard at Cockburn Sound, near Fremantle.284 words
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Article153 1988-01-19 19 Bernama THE SINGAPORE-REGISTERED oil tanker Pacific, which ran aground near Pulau Angsa about 24km off Port Klang last Tuesday, has been steered out. Crewmembers moved the ship's cargo from the stern to the bow and the 5,000-tonne tanker was steered out during high tide atBernama - 153 words
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Article49 1988-01-19 19 THE ASSOCIATION of West India Trans-Atlantic Steam Ship Lines, Witass, is reducing its bunker adjustment factor to US$7.5O per freight ton from US$B.5O, with effect from Feb 1. The new rate applies to the Mexican and Colombia Pacific sections. westbound and eastbound.49 words
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Article, Illustration160 1988-01-19 19 SINGAPORE Slipway and Engineering recently delivered a $4 million luxury harbour cruiser to the Port of Singapore Authority. The vessel, Harbour Queen, is specifically designed to accommodate VIPs such as state visitors on harbour/island cruises and tours of PSA facilities. Luxury fittings160 words
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Article306 1988-01-19 19 AFP ALTHOUGH conditions in the tanker market remained far more buoyant than had been anticipated, they have been less frenetic than the previous week, especially for owners of very large crude carriers (VLCCs), London brokers EA Gibson said in their latest report. The slow-down in activity was dueAFP - 306 words
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8227 1988-01-19 24 sesMpgEß A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of8,227 words
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Article1333 1988-01-19 25 AT CONVENTIONAL WHARVES 1 > B*rth Arrival Departure KEPPEL WHARVES Anonoi 09 o<o«gM*« *****300 IMCO A»»r *19 olongud* 1901 0300 Coot Bovo'o Kia oKxigud* 2001 ObOD Do«gguo«g K33 oiongud* 1901/1100 Forthbor* It 30 olongwJ# 1901/1800 Froloionlot Kl« o'OflgiKto 1901/1100 Kol<«og K27 ok>ogs<d* 1901/1500 Koto toio K3I oiongiid*1,333 words
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Page 17 Advertisements
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Advertisement823 1988-01-19 17 I^' TIMES STP Distributors Times PuMtAmj Croup OOCL ORIENT OvilQiM Cotdaim* LINE w\m jEIcmW SMIPftNC AGENCIES No. KM*! 00K 200 Cantonment Road #12-06 Soumpomt, Smpport 0201 TM 221WU TELEX NO RS 2(179 TEMINAUCFS Tel *****18 220 BOOKINGS Til *****34 23S PUAKA J Aft 01NE SNIPfING AGENCIES SON. BNO •OUT KELANG823 words
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Advertisement61 1988-01-19 17 mm THE THAI government has formed a panel to promote the local shipbuilding industry and save foreign exchange. P«g« II CANADIAN Pacific Ships and Barber International have established a new joint venture company specialising in ship management and consultancy. Pag* 111 Index to advertisers II Shipping *ch«dules VIII London frights61 words
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Advertisement580 1988-01-19 17 *0 FESCO LINES tl- FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE WEEKLY TO EUROPE XT SAILING: MAERSK ROTTERDAM VOYACE 8802 ETD SIN tl/I To Europe—UK Scandinavia Finland Th* week M Rotterdam Closing Time CY580 words
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Page 18 Advertisements
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Advertisement532 1988-01-19 18 0} COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO NORTH CONTINENT VOY I VIA FEEDER VILLE Dt SATURNE FELIXSTOWE ROTTERDAM ANTWERP ETA ETA ETA W 15/2 17/1 22/2 Alto accepting carfo to *11 U.K. destinations, Scandinavian (Aarhws. EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/532 words
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Advertisement17 1988-01-19 18 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.17 words
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Advertisement348 1988-01-19 18 CHARGEURS REUNIS SINGAPOPf t NQUIP'F S 2223^44 f a v ??ssasi Optorg Shipping Pte. Ltd tEL M A CMDQCC' IKI A C UAL •«A C A art fci T IfU A Q AC CS KJ T \K t AT, Fort pl.ioq ihtt'CK 1 2 i Prnang *****5 lEARBULK LTD. SPORE348 words
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Page 19 Advertisements
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Advertisement789 1988-01-19 19 The Straits Steamship Group J Mansfield Container Shipping PteLtd FftOCLIH, p&o Containers Limited STRAITS SHIPPING Sinaaoora to Sibih Sarawak Brunei Ports and Bangkok CONTAINERSHIP SERVICES TO/FROM BANGKOK SPORE B'KOK PEGASUS PROGRESS VSI4N U-» Jan 22-23 Jan PEGASUS PROGRESS VSISN 21-77 Jan 7»-30 Jan BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL *****60789 words
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Advertisement520 1988-01-19 19 EUROPE USA/PANAMA r-n m m HM BI- I u.n i7u a n run HM IIJ4 nn ntt ILK MB3 an Z2H >• IHKI II Ml I n VA 711 lli.lt 11.12 0.12 11.12 KJI «A 712 24.12 2112 KJI 11.11 12J1 WA Ml 17.11 IIJI 11.11 24J1 25J1 21 Jl520 words
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Page 20 Advertisements
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Advertisement258 1988-01-19 20 *5 CONTAINERSHIP SERVICE TO UK/CONTINENT Hapag-Lloyd CONV SEMI-CONTAINER SERVICE TO EUROPE CONV-SEMI CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK CONTINENT :IM SOUTHEASTASIA PTE. LTD. INTERNATIONAL FREIGHT FORWARDERS CONSOLIDATION SERVICE WEEKLY Singapore: BIRKART S.E.A. Tel *****11 Pt. Kelang BIRKART SDN BHD Tel *****66 m FAR EAST MAURITIUS/SOUTH AFRICA SERVICE258 words
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Advertisement950 1988-01-19 20 k=»; *luHt JCS.L.INE imj cmtmuritm FULLY CONTAINERISED SERVICE Member ol the Ace Consortwm TO EUROPE VIA SUEZ 1 I EROM EUROPE VIA SUEZ A Member of the Ace Consortium CONUtNTIONAL SERVICE TO PERSIAN GULF VESSEL HAISBON V.3S KUANTAN S'PORE LOADING FOR In Port DUBAI. DAMMAM GEN AGENTS: CROWN MARINE CO950 words
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Advertisement811 1988-01-19 20 m EVERGREEN C Stvit. Round-The-World East Bound (FE/CARIB'USEC/EURO/FE) EVER GUARD EVER GROWTH EVER GRAND EVER GREET EVER GIOK EVER GENTLE EVER GENTRY EVER GUIDE SCP HUG 22/1 2*l n/i *a w %n w Tin 2/1 1/3 «3 11/3 17/1 21/1 RSC KLC PUS OSK TO KSN V 2 24/2 v811 words
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Page 21 Advertisements
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Advertisement656 1988-01-19 21 x PACIFIC INTERNATIONAL LINES \V\ PIL Building. 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE VESSEL SEA DRAGON SEA HAWK SCA DRAGON SIN SBY SMG SIN SLD SLD SLO 20/1 SLD >1/1 23/ I 2S/1 25/1 2S/1 30/1 2/2 It/2656 words
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Advertisement482 1988-01-19 21 l£Jk BEN LINE CONTAINERS TfISMAN JEBSEN NEW ZEALAND LINE TO NEW ZEALAND, NEW CALEDONIA FIJI AND SOUTH PACIFIC ISLANDS JEBSEN SOUTHLAND 21S SIN NOUMEA AKL TCA NAP TIM TIM/LY TIM/ON BLUFF 7/2 29/2 3/3 6/3 1/3 10/3 100 I<V3 U/3 SIN NOUMEA AKL 4/3 25/3 29/3 TCA NAP TIM BLUFF482 words
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Advertisement539 1988-01-19 21 DJASAGETRI A Joint Europe Sorvfoo Of. P.T. UMUUTTI LLOYI P.T. SESUH LLOTi FT. SAW!KM IROONEtU P.T. TMKOM LLOTI < VJI/VOY GAUM CAJM/2M BATARAM/MWI ANTWERf STORE MUAO ADAJ**DAN M'KJRWIRCBEN 2111/1 VJ i*i I*3 I*l »-W 27/1 *3 Sublet to Induosmw*. Also toopllng cargo to CasabUnca, Pa Said, Pod Alexandria, Qwnoa, Tri*sta539 words
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Advertisement421 1988-01-19 21 BOUSTEAD SHIPPING AGENCIES HTONEYWA V23IW In H/19 J MYOMA TWA 23/25 Jan PAGAN VI2JW 23/25 Jan PA-AM VI2OW 27/21 ian MAWLAMYAINC W/37 25/21 ian BURMA FIVE STAR (Burmese National Line) S'pore P.Kelang Penanj Bangkok In Pt/19 Jan 23/25 Jan 13/19 Jan 23/25 Jan 27,71 Jan BANK LIME MORAYBANK V4N CLYDEBANK421 words
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Page 22 Advertisements
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Advertisement1443 1988-01-19 22 V K"LkriE SHIPPinG-DATfI isfe*. PITLPinHC COAST (Round-The-World Service) •PK/PNG SPORE LB CHLS NPK NYC HFX B. BRIDGE V6/AMBASSADOR Sid 23 Jan 13 Feb 23 Feb 25 Feb 27 Feb 2 Mar BRIDGE Vl5 ORIENTAL FORTUNE V 7 23 Jan 2S Jan 20 Feb 1 Mar 3 Mar 5 Mar 91,443 words
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Advertisement838 1988-01-19 22 ■M INDIA EXPRESS CONTAINER SERVICE PRELUDE V J-B RAVIDAS V JIM THEOOOR FONTANE V 14N LOTTE SCHEEL V 31 S.O.A. PRADESH V JIM INDIAN COURIER V 2M PRELUDE V.H THEOOOR FONTANE V ISN SO NAGALAND V JIM LOTTE SCHEEL V 32 PRELUDE V7B INDIAN COURIER V 2JN THEOOOR FONTANE V838 words
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Advertisement666 1988-01-19 22 GOLDEN LINE GUM GUM SHIPPING (PTE) LTD 3. Ttiot Afar Strwt SINGAPORE AM TEL SOM (10 LI MS) Fu UUSM STRAITS/PERSIAN GULF SERVICE: Sport P Pw«* GOLDEN HARVEST Cotombo/Karactti'DuOai 29/30 J»n GOLDEN HAVEN Cotanbo/KwadWDub* 12/14 Fak CHINA SERVICE A VESSEL Shanfhai/Hsinkang 20/22 Jan BAI TUN SHAN SlMn(twi/H«nkan| 30/31 Jan CHINA666 words
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Advertisement444 1988-01-19 22 I* PHI LI on l€ NT LIN €5 PT€ LTD H{AD Of iCf 63 POI NSOH ROAD •0' 1? BFRO ASIA BUiLDING SUGAPOPf 01C6 Tf If i RS ***** PMIII fA* s DOHA. MUSCAT. BAHRAM ABU DHABI ft SHARJAH. JEDDAH. HOOEDAH AQABA H KONG KOBE KEELUNG a;'! i s'' 113;';444 words
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Page 23 Advertisements
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Advertisement714 1988-01-19 23 NEPTUNE ORIENT LINES LTD XX NEPTUNE AGENCIES PTE. LTD FE EU/AUST TPA/SEA Terminal CFS BOOKINGS *****3 27K742 *****22 *****43 *****19 *****U *****11 27*141 NEPLINE SON BHD. 36MH7 INWARO/OUT*ARO NEPLINE SON. BHD. *****33 ENQUIRIES 27«7»M NEPLINE SDN BHD 620(85/627M0/627K1/t27tt2 NEPLINE SDN. BHD. *****0/***** FAR EAST/! TO EUROPE/UK (VIA SUEZ): PKtling spo,.714 words
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Advertisement472 1988-01-19 23 DOHAM HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG, PENANG, BUSAN, INCHON Vetstlt Name •GloriaflOlN No 9 Donim WIN No Donam JOIN No I Donam/JOIN No 7 Oorum/lOIN •Clori»f«2N ETD BS BKK S PORE PKELANC 09*01 20/01 23-23/01 24-2401 15/01 27/01 m m 02-02/01 22/01 02/02 OS-07/02472 words
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Advertisement800 1988-01-19 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 UAI tunite «MIP«>INr in <»™- HANDLING SYSTEM CO SON BHD. JSS?iAYAPO^PfN 14 i >n Cunpn.800 words
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Page 24 Advertisements
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Advertisement329 1988-01-19 24 CORPORATION (PTE.) LTD. Til 225 6868 <30 Lines* FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAO VE.B DEUTFBACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE SKME *CBO -LNACA A TWERP MKONA w«7 w mm 22/2 SOHLAND im 12J2 Xfl 7/3 7/3 9/3 E. THAEIMAN329 words
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Page 24 Miscellaneous
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Miscellaneous179 1988-01-19 24 A Regional Weather .?A ft m 't '^A s K s I S3 o ii fl w t W IMC K l<* 5 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. <T~ Wind direct ton with speed m knots Wave height One half tleche represents 5 knots LEGEND179 words
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Page 25 Advertisements
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Advertisement357 1988-01-19 25 W ontemra REGULAR WEEKLY CONSOL SERVICE LCL/FCL TO: JAKARTA, IflflCTfttT. HOW6KOW6 a f Til Alto »cetptin|fo Other destinations. Picas* call COMTERM FREIGHT (F.E.) PTE. LTD. Anson Rd. #25-04 IBM TOWERS inTEGRR SHIPPING PTC LTD Tit: *****33 (4 LINES) FAX: *****22 V WEEKLY LCL/FCL SERVICES TO HONG KONG MANILA KEELUNG BANGKOK357 words
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Advertisement193 1988-01-19 25 tam CSP SHIPPING AGENCIES W* PTE LTD. FIXED CONSOLIDATION SERVICE FCL/LCL TO: CHINA, HONG KONG, BANGKOK. P.KELANG, KEEKING, KAOSNHING, MANILA. OUSAN, TOKYO t KOBE ALL EUROPE BASE PORTS ALL USA PORTS ALSO ACCEPTS TO OTHER DESTINATIONS SO. JLN. SULTAN #07-01 JLN. SULTAN CENTRE SPORE 0719 T»l: *****93, *****98 Tlx: RS193 words
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Advertisement693 1988-01-19 25 EAST BOUND SERVICE ETA S PORE LOADING FOR ALFARABI »'l iapw MV SINDBAD 20P )tsn WEST BOUND SERVICE ETA S PORE LOAOtNC FOR MV BAGHDAD 'In Ft j«kUh Auto* THROUGH l|ll to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA BAGHDAD REEFER SPACE AVAILABLE UPTO AQABA LOADING CONTAINERS/CONVENTIONAL COO FOR693 words
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Page 26 Advertisements
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Advertisement325 1988-01-19 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 KK325 words
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Advertisement439 1988-01-19 26 CGM FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/WEXICO AND FRENCH WEST INDIES Fer: Halifax, Montreal, Toronto, New York, Balmitore, Portsmouth, Northfolk Also serving GULF Savannah, Miami, Mobil*. New Orleans. Houston/Masks Vara Cruz, Mexico City/ FRENCH W. Indies Port Da Franco, Pomtrs A. Prtre, Dograd 0. Cannes.439 words
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Advertisement199 1988-01-19 26 LCL WEEKLY SERVICE TO: KBLUM 20/1 HAM/BO EM 27/1 BAWCKOK 20/1 ROTTERDAM 27/1 MNGKOM 10/1 TUORY 27/1 FRBIUNTIi 20/1 SYO/MU 22/1 ADELAIDE 20/1 (IraraN Unx 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY CON-CARRIER 54/87 CON-CARRIER 55/87 ETD GERMANY ETA SPORE 5/1 25A M/l 4/2 LCL SERVICE TO CARRIBEAN PORTS ST.199 words
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Advertisement761 1988-01-19 26 Weekly far east/europe container service CALL US AT? P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR 04-*****2/4, *****3 •07-*****8 •07-*****3, *****5, *****0, *****1 •02-*****22 *****88 SINGAPORE LEHARVE win. TO EUROPE FEEDER I BUTANC 401 t. BUTANC 411 B. BUTANC 413 I B BUTANC 41S OTHER DESTINATIONS AARHUS.761 words
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