The Business Times, 22 January 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES VICI (P) 95/12/87 FRIDAY, JANUARY 22, 1988 75 CENTS
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  • 239 1 Dow Jones lower WALL STREET stocks turned lower after a higher opening yesterday as program buying switched quickly to program selling. Brokers said a firm dollar supported the market but selling momentum spilled over from Wednesday. The Dow 30 index was off six at 1873 after rising
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  • 163 1 A BIG overnight fall on Wall Street caused major Asian markets to close lower yesterday on concern over the health of the US economy. On Wednesday, the Dow Jones Industrial Average plunged 57.20 points to finish at 1,879.14, its lowest close since Dec 11, when
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  • 170 1 THE US dollar fell sharply in Tokyo yesterday despite central bank intervention. The slide continued against other currencies when the European currency markets opened. In Tokyo, the greenback closed at 126.80 Japanese yon, down 1.96 yen from Wednesday's finishing rate of 128.78
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  • 627 1  -  Western Digital Corp takes over facility for USs4om By LEE HAN SHIH THE COMPANY that helped to build Singapore into a world-class disk drive manufacturing centre will soon make its last disk drive in Singapore. Barring last-minute changes, Tandon Corporation, once billed as the king
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  • 336 1 AFP A FORMER MALAYSIAN Deputy Minister, Kee Yong Wee, yesterday pleaded guilty to two reduced charges ot criminal breach of trust involving funds belonging to a cooperative society which he headed. Kee, who was also head of the Malaysian Chinese Association (MCA) youth
    AFP  -  336 words
  • 195 1 THE PRIME MINISTER will attend the funeral of the late President Chiang Ching-kuo of Taiwan next Saturday. Mr Lee Kuan Yew will be accompanied by Mrs Lee, Second Deputy Prime Minister Ong Teng Cheong and Mrs Ong, and officials, said a
    195 words
  • 50 1 PAPUA NEW GUINEA Prime Minister Paiaa Wingti, on a private visit to Bali, yeaterday said Indonesia was not s threat but an interdependent neighbour and a friend of hia country. He said hia country wanted to strengthen existing cooperstion with Indonesia, other Aaean members and Pscific nations.
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  • 172 1 AP SOUTH KOREA plans to join the Organisation lor Economic Cooperation Development in 1992, whan its gross national product is axpactad to reach about US$2OO billion. In 1992, according to South Korean government officials, Seoul's per capita GNP is expected to exceed
    AP  -  172 words
  • 103 1 AFP MALAYSIA'S opposition Democratic Action Party (DAP) said yesterday its detained Secretary-Gener-al, Mr Lim Kit Siang, has offered to resign to comply with the Societies Act. DAP chairman Mr Chen Man Hin said the party's central executive committee would meet soon to consider a
    AFP  -  103 words
  • 470 1  -  By WILLIAM CHIA FOREIGN MAID agencies have been thrown into confusion by the news that the Philippine government has decided to prevent Filipinas from working abroad as maids. The Philippine government said the action, which would be "temporary", was prompted by
    470 words
  • 192 1 THE TEAM MPs concept is to ensure that Malays and other minority groups will always be represented in Parliament; it is not meant to stifle political opposition in Singapore. In a recent discussion with journalists, Prime Minister Lee Kuan Yew disclosed that the idea evolved
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  • Page 1 Advertisements
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    • 290 1 @\])?+$\{`={?[-{>&")?[{`\>,)^[< mm A DIPLOMA COURSE and an international forum have boon lined up this year as part of a major move to persuade manufacturers to improve the designs of their goods. HOME NEWS, Page 2 THE WORLD'S second largest PC manufacturer already manufactures in Singapore. It now wonts to carve
      290 words
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  • HOME NEWS
    • 411 2  -  By LILY FERNANDEZ A DIPLOMA COURSE and an international forum have been lined up this year as part of a major move to persuade manufacturers to improve the designs of their goods. Spearheaded by the Trade Development Board's advisory committee for promoting industrial design,
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    • 96 2 THREE NEW bosrd members joined the Trade Development Board from Jan 1. They are Mr Steven Lee, managing director of Great Malaysia Textile Manufacturing; Mr Arumugam Nadarajah, senior partner of Watson Hawksley Asia; and Mr Choo Chiau Beng, managing director of Far East
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    • 265 2 THE GOVERNMENT yesterday welcomed the Far Eastern Economic Review to test the claim that "Regional publications can survive without Singapore more than Singapore can survive without regional publications in the longer term." The Prime Minister's press secretary, Mr James Fu, responded to
      265 words
    • 383 2  -  By ANNA TEO THE DIFFICULTY Singapore has in picking its overseas diplomats highlights a need for more people to be groomed in international management, in the view of the director-general of INSEAD Euro-Asia Centre. "Singapore will gain by having more managers and executives with
      383 words
    • 266 2 WITH THE THEME "Women in Decision Making Basic to Advancement", the Asean Confederation of Women's Organisations (ACWO) will hold its third general assembly in Singapore next Friday. The organiser and host of the general assembly is an ACWO member, the Singapore Council of
      266 words
    • 302 2  -  By TONG SUIT CHEE SEVEN work groups comprising representatives from the private and public sectors have been formed since last December to help draw up a development plan for small- and mediumsized enterprises (SMEs). Mr Philip Yeo, chairman of the Economic Development
      302 words
    • 365 2 MARINA CENTRE Holdings (MCH) has approached the government to consider linking Marina Square to the City Hall MRT station, its chairman said yesterday. Speaking to BT during the official opening of Marina Centre, Mr S P Tao said: "We have approached
      365 words
    • 462 2 ASIAN AEROSPACE '88 next week plays host to three daily show publications, two editions of a show magazine and four conferences. This is in addition to more than 600 aviation exhibitors from 29 countries. The daily newsletters will be produced by the leading
      462 words
    • 120 2 TELECOMS subscribers will find it easier and more convenient to use the Singapore Phone Book when the 1968 edition makes its appearance in July. Unlike previous years where business and residential numbers were listed together, this year's book will have information separated into
      120 words
  • Page 2 Advertisements
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  • Page 2 Miscellaneous
    • 63 2 SEWSTEr v/m V/S'i: _'////> v//////// Singapore OUTLOOK: thoww In Mvaral w in «m attornoon. ••port for 24 hours prior to 7.30pm on Jan 21 at 24/15 Cloudy Rainy days Ma i Nassau Now DoM Now York Nicosia Oslo Paris Forth Mo 'Janoiro Romo San Fris'co San Juan Santiogo Soo Paulo
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  • TECHNOLOGY
    • 613 3 masm LAPTOP COMPUTERS those super brain-intensive machines that can sit on a lap and fit in an attache case could become as commonplace as the wristwatch. They are being used increasingly by businessmen, journalists, salesmen and even civil servants who need computing power outside their
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    • TECH -TAKES
      • 314 3 Reuter ONE OF THE MAJOR suppliers of the chips to make clones of the IBM-PC has unveiled new products that would enable computer manufacturers to duplicate IBM's new line of Personal System/2 computers. Chips and Technologies Inc unveiled a set of semiconductor
        Reuter  -  314 words
      • 82 3 THE EMPORIUM GROUP is investing $1 million over the next few years to upgrade its computer systems, both at the shop floor and in the backroom. Twenty Emporium stores throughout the island were enhanced late last year with a point-of-sale system in
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      • 239 3 STROKE the condition that strikes when a blood vessel in the brain gets clogged or bursts is dangerous but not just because oxygen flow to the brain is cut as was previously thought. Scientists are finding the chemical balance in the brain is
        239 words
    • 422 3  -  By SAID ABDULLAH COMPAQ ASIA Pte Ltd is setting up a regional sales and marketing office at its Tagore Lane plant in an effort to bolster its image in this region. Mr Thomas J Howard, Compaq's director of international marketing, who was
      422 words
    • 386 3  -  By CHARLES SAVAGE ALL IT TAKES is a portion of a fingerprint a third the size of a five cent coin for police to determine who had left the incriminating tell-tale sign. And to decipher the patterns of ridges and spaces which are
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  • Page 3 Advertisements
    • 428 3 ASK FOR ONLY FROM BROTHER V/ X > The fastest in its class W The new Brother M-4018C With its rapid-fire 480 cps capability, X you'll get all your office printing done and out in record-time. And in multi-colour too! Just get your office the new Brother M-4018C. Then ask
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  • OVERSEAS
    • 404 4 Retaliation against trade barriers Reuter A SENIOR US trade official says that if Japan does not open some of its key markets to US products, the only move the United States could make was to close its own markets to Japanese products. "The
      Reuter  -  404 words
    • 131 4 AFP WEST GERMAN Economics Minister Martin Bangemann has called on Tokyo to continue opening up its markets, a spokesman for the minister said. Mr Bangemann told visiting Japanese Trade Minister Hajime Tamura in Bonn on Wednesday that he was satisfied with the narrowing of
      AFP  -  131 words
    • 507 4 Reuter CAMBODIAN peace talks ran into trouble after Communist Prime Minister Mr Hun Sen, widely expected to produce a written pledge on a Vietnamese troop withdrawal, came to the table empty-handed. The talks between resistance chief Prince Norodom Sihanouk and Mr
      Reuter  -  507 words
    • 154 4 AFP THE US remains opposed to the Soviet Union being allowed to participate in such international economic bodies as the World Bank. International Monetary Fund and General Agreement on Tariffs and Trade, the White House said on Wednesday. Presidential spokesman Marlin Fitzwater
      AFP  -  154 words
    • 454 4 UPI PHILIPPINE Defence Secretary Rafael lleto has resigned to protest against Philippine President Corazon Aquino's alleged failure to heal divisions in the military. President Aquino said in a nationally televised statement yesterday she had accepted "with much reluctance" Gen lieto's resignation and had appointed
      UPI  -  454 words
    • 436 4 AFP BRITAIN will uphold Hongkong's interest to the full until the Crown colony becomes part of China in 1997, Foreign Secretary Sir Qeoffrey Howe said in a parliamentary debate. However, the Foreign Secretary did not reply to opposition demands for direct elections for
      AFP  -  436 words
    • 952 4 ARRIVALS Operator Sorvico Local From numbtr rim* FT FT71 0115 JFK/BOS/ORO/ ANC/NRT/MNL/ TPE SIA SQ11 0115 LAX/NRT UA US805 0120 SFO/HKG JAl JL615 0305 TYO MAS MH601 0730 KUL MAS MH681 0820 KUL SIA SQ43 0820 DHA KAl KE697 0905 SEL/MNL MAS MH81 1 0910 PEN MAS
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  • Page 4 Advertisements
    • 272 4 Yunnan Fair of The People's Republic of China THE FAIR COVERS: Cereals, Oils Foodstuffs, Native Produce Animal By-Products, Medicines Health Products, Tea, Tobacco, Light Industrial Products, Arts Crafts, Textiles, Garments Silk, Minerals Metals, Non-Ferrous Metals, Metallurgical, Chemicals,Machinery,Machinery &Equipment,etc Projects for Foreign Economic Technical Corporation Tourism Venue Mandarin Hotel. Main Building
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    • 65 4 fI 1| \g |1\ jfl 1/ The business person's choice, every I I II 111 I Tuesday, Thursday. Saturday and I I f 1 II \l II f Sundoy. Leaving Changi Airport at I V_^/I \V -j 1 l A V_>/ 22:05 hours ond arriving at Lester B Ftearson International
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  • Page 4 Miscellaneous
    • 68 4 Doonesbury ANYWAY, MY RSGRESOON THERAPIST SAIPITHJAS THE BEST PAST-UFB-ACTUALIZATION SHE HAP EVER. COACHEP! S AND TALK ABOUT ENHANCING SELF-ESTEEM! ISHOULPREAP MY THERAPIST'S NOTES INTO OUR MINUTES... m 8R BY GARRY TRUDEAU ...ESPECIALLY AU. OF YOU WHAT IN GALILEE BOOPSIE 7 AS WELL I t***™UH~ Ann^ you w™; ufSF- PRJATE CHASM
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  • COMMODITIES
    • 240 5 RAS prices In S cont»/kg, FOB In beta 1 NOON CLOSE Iwyort Sollocs Bwyors Sellers bit 1 RSS Prompt 223.00 224.00N 222.00 223.00N bit 1 RSS Fob 88 221.00 221 JON 220.25 220.75N bit 1 RSS Mar 88 219.75 220.25 219.00 219 JO Int 2 RSS Of
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    • 75 5 (cand/kg, 1-tan FEBRUARY 88 MARCH 88 (currant month) (forward month) RAS NOON NOON luy*« S*U*n SSt 20 224.50 226J0N 2 24JO 226J0N SS* 50 32X00 225.00N 223.00 225.00N MRELB Ivytn S§Hfft Buyer* SMt CV 277JO 279JON 278JO 280.50N SMt l 277JO 279JON 278JO 280JON SMt 5 274.00
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    • 211 5 BMQAPORE The market closed lower yesterday with February One RSS buyer* quoted at 220.25 cents a kg, down 1.2S cents from Wednesday's close. After a slightly higher opening, prices eased on lack of follow-through buying support in thin morning trading, with lower Tokyo market dampening sentiment. Prices drifted further
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    • 323 5 London Commodity Exchange Btryor/SoNor dodng prtcM on Jon 20 It/fomu unh Iff, ,l\ rSS jpfOTWO J. rwtout qomiq pnoti In Con— losil in-ftar* London, ttHtn option OF London ion 1197/1198 (1206/1207) High/Low 1205/1195 Mar 1227/1228 (1236/1237) H^h/Low 1235/1225 SatM (3026) Cocoa Mar 1152/1155 (1158/1160) Mgh/Low 1156/1144 May 1173/1174
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    • 141 5 SOYBEAN FUTURES on the Chicago Board of Trade, which extended gains at mid-session on Wednesday, sold off in reaction to a falling stock market and closed with sharp losses of 3% to VA US cents. March was off 314 cents at U556.26 a bushel. Commission houses and professionals sold
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    • 145 5 WHEAT FUTURES on the Chicago Board of Trade closed on Wednesday with pared gains of to one US cent a bushel. March finished cent higher at US$3.2B V 4. Prices eased on late selling by locals and commission houses after sharp falls in Wall Street stocks and spill-over pressure
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    • 106 5 THE PRICE of tin on the KLTM fell eight cents to close at M 517.28 a kg yesterday on lack of fol-low-through support, in spite of firmer sterling against the ringgit A weaker European spot tin market also discouraged buyers, particularly the Japanese, from making their requirements The
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    • 81 5 FIRM TRENDS continued yesterday for naphtha and fuel oil with sellers holding out as supplies for both products remained tight. Jet/kerosene however weakened further as buying interest was poor. All other products were stable. Dubai (F*t>) W«l Tmoi USS/bamJ 15.63 Otanga -ai7 wn (Nb) I7.lt -0.10 Products
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    • 456 5 Crude palm oil future* closed lower yesterday in reduced activity on the KLCE on heavy profit-taking and long liquidation. There was cautiousness and uncertainty as operators awaited the outcome of India's weekly tender. Actively traded April and May were down by Ms 37 and Ms4s respectively at M
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    • 307 5 HONGKONG: The metal closed firmer yesterday on renewed buying interest mainly reflecting the weakness of the US dollar. Dealers said US Trade, Representative Clayton Yeutter's remark that he did not see any sharp drop in the country's trade deficit until the second half triggered dollar selling and boosted
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    • 500 5 Bernama MEMBERS of the seven-nation tin producers accord will soon be formally notified of their quotas in the agreement's second tin supply rationalisation scheme, Primary Industries Minister Datuk Dr Lim Keng Yaik said in Kuala Lumpur on Tuesday. Datuk Dr Lim, who is
      Bernama  -  500 words
    • 281 5 AFP MALAYSIA would reconsider joining the International Cocoa Agreement once concern about market access and production was dealt with, Primary Industries Minister Lim Keng Yaik said on Tuesday. "We have refrained from joining because we believe that there are some problems associated with
      AFP  -  281 words
    • 239 5 Chines* Produce Exchange SfMift noon pel ion 21 (St/100 kg) k»» an Coconut oil Mi KM 120.00 CM drum FOB 130.00 Now drum FOft 134.00 Copra Mixad (too**) 64 toMort Pepper 'toS^NIW* 11S7J0 Sorowak wtiHo FOB foq NtW f —-X- jbJ 1172 JO dorowai G Mac* FOt NtW
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    • 154 5 FT INTERNATIONAL GRAIN PRICES are strengthening as demand exceeds production and world stocks fall, but fundamental improvements in the market depend critically on the Uruguay Round of trade negotiations. This was the view of an international panel of experts discussing the world
      FT  -  154 words
  • Page 5 Advertisements
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  • MONEY AND EXCHANGES
    • 1707 6 SINGAPORE: The US dollar closed slightly lower yesterday against most major currencies compared with New York's levels, after a moderate but nervous trading session Dealers said the dollar started firmer on some short-covering but met selling pressure at midday on US Trade Representative Clayton Yeutter's remark that he
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    • 193 6 Indicate* th* ivtraga of the prim* landing rata* of 12 major banka In S'pora Interbank market rates (offer/bid) on Jan 21 us$ DM SWFC Y«n 7 doy. 4 15/1* 13/1* 1/2 3/« 3 3/» 1/4 1 1/4 1/i 4 1/1-4 1 KMh 7 4 7 f 3/«
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    • 85 6 Treasury bills X Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 munths 6 months 1 yeor BQ*****X BY*****S 8Y*****T 21.4.88 30.6.88 24.11.88 2.90 2.85 2.95 2.90 2.95 2.90 2.84 2.80 2.94 2.90 2.93 2.88 Government notes and bonds Period Issue Maturity Coupon Yesterday's
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    • 57 6 THE OVERNIGHT rate on the Singapore interbank market remained unchanged at 354 per cent yesterday. The term rates were also unchanged. S$ Interbank rates at 12 noon yesterday: OfW MO Ov«r- «<«* 3 1/3 3 1/4 l immii 3 3 7f% 3-ManMt 3 1/16 3 IS/14 3-montti 3
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    • 349 6 ASIAN DOLLAR deposit rates closed steady at lower opening levels yesterday. with trading generally quiet in the afternoon. Most operators were sidelined in the afternoon due to a general lack of interest as there were no major US economic data due for release yesterday. Term rates weakened
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    • 563 6 BA Futures Inc EURODOLLAR futures opened higher yesterday from the previous close on Simex as prices were pushed up in the overnight session in Chicago due to lower commodity prices and a smaller-than-expec-ted increase in the US consumer price index. Losses in the stock market also prompted some flight
      BA Futures Inc  -  563 words
    • 157 6 Gold futures on Jan 20 100 troy ouncat. USS par troy ou va O^M HN*. Lot fm. Jon 476.50 1.00 f«to 478 20 478.90 475 00 476.60 1.40 Mor 4(1.30 413.30 477.30 479.30 1-50 Apr 484 30 4*4.70 460 JO 463J0 1-50 Jwn 490.30 490.30 486 80
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    • 1523 6 CURRENCY FUTURES OPTIONS Thursday, January 21 19M DEUTSCHE MARK (tMEX) MMM* N»MM> U 56 57 M 59 60 61 62 63 64 65 66 67 66 956 436 66 171 365 3*9 170 99 47 19 7 3 14A 37A 66A 159A 246A 343A CA6 CA6 2 5 13
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  • Page 6 Advertisements

  • BANKING AND FINANCE
    • 353 7 FT BANKERS in Riyadh discount the chance of a Saudi riyal devaluation, though the riyal has come under pressure since the government backed down from two new revenue-producing measures. This week, the Saudi government retreated from a set of increased government
      FT  -  353 words
    • 196 7 Reuter CHINA IS MOVING CLOSER to having its own foreign exchange market by setting up a national foreign exchange centre in Beijing, a newspaper has quoted the president of the People s Bank of China as saying. According to the Chinese People's Daily
      Reuter  -  196 words
    • 102 7 AFP THE International Finance Corporation (IFC), a World Bank affiliate, said on Wednesday it was to invest US$5 million in the expansion of the Shenzhen China Bicycles Co. in China's Shenzhen Special Economic Zone. The plant produces 400,000 bicycles a year. Production is expected
      AFP  -  102 words
    • 281 7 FT THE CHIEF EXECUTIVE of Den Norske Creditbank (DNC), Mr Leif Terje Loeddesoel, on Wednesday night resigned following the bank's disclosure of huge losses for 1987. The bank, the biggest in Norway, said provisional figures showed that DNC would incur a loss of
      FT  -  281 words
    • 669 7 Reuter THE INTER-AMERICAN Development Bank, often a force for stability and economic reform in Latin America, faces its most severe funding crisis since its formation nearly 30 years ago, bank sources say. A lingering dispute between the US and the Latin countries over lending control is
      Reuter  -  669 words
    • 669 7 Reuter THINGS COULD STILL get rocky again for the dollar, economists say. Money market dealers are once more worrying that Americans are still importing more goods than they can really afford and spending more dollars to buy them than the world
      Reuter  -  669 words
    • 223 7  -  By LEONG WEN WAH CITICORP, the parent company of Citibank, maintains that it will continue to be a major player in the fund management business worldwide in spite of the impending sale of its asset management unit in the US. A statement issued
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    • 182 7 UPI ITALIAN finance officials on Wednesday revoked a set of currency exchange measures instituted in September to defend the lira, but left in place measures to restrain bank lending imposed at the same time. A joint announcement by Italian foreign trade, Treasury and central bank
      UPI  -  182 words
    • 908 7 NYT THE BANKERS TRUST New York Corporation, corporate parent of the Bankers Trust Company, on Wednesday reported extraordinarily high net income for the fourth quarter nearly triple its earnings a year ago mainly because of huge profits from its foreign-ex-change and
      NYT  -  908 words
    • 248 7 Reuter A TAIPEI paper maker haa announced a NT$l billion convertible bond isaue, the first in Taiwan's history. Yuen Foong Yu Paper Manufacturing Co Ltd said the bonds will have a five-year maturity, carry an annual coupon of 3.1 per cent and will be convertible
      Reuter  -  248 words
  • Page 7 Advertisements
    • 174 7 THE MANDARIN SINGAPORE IN CONJUNCTION WITH THE YUNNAN FAIR OF THE PEOPLE'S REPUBLIC OF CHINA PRESENTS ATASTE OF Pine Court, Jan 22 to 31 1988. For the first time, the gourmet delights of Yunnan, a province in Southwest China, will be available in Singapore. Seven of Yunnan's most famous chefs,
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  • PERSPECTIVE
    • 570 8 BT Comment MUCH HAS BEEN SAID, and with considerable passion, about the Team MPs proposal. And rightly so. For what has been proposed is a major adjustment in our electoral system. The debate, unfortunately, got off on the wrong foot
      570 words
    • 2332 8  -  The Team MPs concept is to ensure that Malays and other minority groups will always be represented in Parliament; it is not to "fix" the Opposition. Drawing on a conversation with Mr Lee Kuan Yew, BT examines the evolvement of the idea from the
      2,332 words
    • 802 8 SINGAPORE has to learn to be more relaxed in dealing with its communal problems. There is no merit in simply glossing over the difficulties, says the Prime Minister. Mr Lee feels there is no need to be too sensitive about
      802 words
    • 680 8 CABINET PAPERS released by the Prime Minister last week show that as early as July 1982, there was a proposal that between 12 and 16 constituencies be designated into six to eight "twin constituencies" under which two MPs, one a Malay, would be elected
      680 words
    • 896 9  -  By DREW MIDDLETON NYT DURING the last week of the recent unpleasantness with the Germans, a young reporter asked General Carl Spaatz, Commander of the Eighth Air Force, if he thought there would ever be a unified US military
      NYT  -  896 words
    • 860 9 Rampant inflation, unemployment and the burden of keeping more than 100,000 troops in neighbouring Cambodia are among the most serious problems in Vietnam. In its bid towards economic reform, Hanoi is now looking to the IMF for help. The following report examines
      FT  -  860 words
  • Page 8 Advertisements
    • 112 8 TOP SECRET AM) PEnSOtJAL 7th July 1962 Cabinet Paper No (62 THE CABIMET JOINT MEMORANDUM FWOI THE PRIME MINISTER WIN CONSTITUENCIES To tniurt that Parliament will have a minima, number of Malay Members, it ia proposed that 12 to 16 constituencies be designated into 6 to 6 twin constituencies. 2
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  • Page 9 Miscellaneous
    • 1285 9 to ok© aasoo 12 7.30 PM Opening and Programme Highlights followed by Italian Soccer. 8.30 Indonesia: A Generation of Change Trading Places. This programme examines Indonesia's relationship with the West. 8.55 Coming Attractions. 9.00 No Place Like Home. 9.30 The Arctic Rim Edge Of Ice. 10.30 Applause The Big Band
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    • 676 9 CRYPTIC PUZZLE ACROSS 1 Eat turkey? (6) 7 Acid, but in a tasteful way (8) 8 Child of a different time (4) 10 A dangerous creature to haul forward (6) 11 Writer who uses a crib (6) 14 But not too demure to have one's fling? (3) 16 Often water-filled
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  • 355 10 And tonight's winners are THE MINISTER FOR FINANCE, Dr Richard Hu. Will present trophies tonight to the winners of the businessman of the Year Award and The Enteretyse Award for 1987. The naming of the winners invited audience of leading business figures wili+{£ke place at the Shangri-La Hotel at the
    355 words
  • 266 10 PAST WINNERS BT special feature THE FIRST Businessman of the Yssr Award, for 1965, went to Mr Michael Fam, the chairman of Fraaer and Neave. While meeting all the criteria. Mr Fam waa also noted ss having played a major role in the MRT programme and
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  • 419 10 THE CRITERIA for the Businessman of the Year Award are very strict and the selection process takes place over many months. Nominations for the award are solicited from the public and from various associations and institutions. They are then vetted according to the published criteria by
    419 words

  • 314 11 SPONSORS BUSINESS TIMES is Singapore's only business daily and since its inception almost 12 years ago it has become mandatory reading for the business community. It has always had a keen interest in both the standards of business leadership and in the civic responsibility
    314 words
  • 530 11 JOINT SPONSOR of the Businessman of the Year and Enterprise Awards in Singapore, DHL Worldwide Express, has been operating in Singapore for 15 years. Not long by most standards it represents more than three-quarters of the company's life-span. In other words DHL has been here
    530 words

  • SPORTS & LEISURE
    • 471 12 AFP A MAJESTIC Chris Evert turned back the clock at the Australian Open in Melbourne yesterday, beating old rival Martina Navratilova to join West German powerhouse Steffi Graf in the women's final. The 33-year-old Evert was back to her vintage
      AFP  -  471 words
    • 268 12 Reuter THE "PAT PACK" has reunited for the first time since Wimbledon. The three men and a woman embraced by Pat Cash after his victory climb through the crowds at Wimbledon last July have combined in Melbourne to plot his Australian Open campaign. "We
      Reuter  -  268 words
    • 365 13 UPI PLAGUED THIS YEAR by three deaths and several serious accidents. the Paris-Dakar rally was again mired in chaos on Wednesday after leader Ari Vatanen was disqualified because his car had been stolen but then was allowed to continue racing after appealing against the disqualification. Two
      UPI  -  365 words
    • 639 13 UPI MIKE TYSON has said he must put aside his feelings for Larry Holmes as a fighter and as a person when he defends his heavyweight title against the former champion. Tyson has mixed opinions of Holmes. He respected Holmes, 38, when the latter
      UPI  -  639 words
    • 272 13 UPI JAY HAAS, taking advantage of a "Magic Jay" with the putter, fired a nine-under-par 63 on Wednesday to take a onestroke lead after one round of the US$l million Bob Hope Classic in California. Andy Bean eagled No. 18 to tie Scotland's
      UPI  -  272 words
    • 493 13  -  By WALTON MORAIS GREG NORMAN arrived late last evening while his opponent in Sunday's $270,000 golf Skins spectacular, Isao Aoki, arrives this afternoon. In other words, Singapore is all set for its biggest golf match ever. For their first public function in Singapore, Norman
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    • 712 13 AP ALBERTO TOMBA has revived the passion of Italian fans for Alpine skiing, 13 years after the golden era of Gustav Thoeni and Pierino Gros, with a striking streak of victories in the men's World Cup this season. Italian newspapers are devoting front-page headlines
      AP  -  712 words
    • 234 13 Reuter THREE SEEOS perished in the opening round of the Blois international squash tournament in France on Wednesday, although world No. 1 Jansher Khan made no mistake on his way to the second round. Third seed Tristan Nancarrow of Australia fell to South Africa's
      Reuter  -  234 words
  • Page 12 Advertisements
    • 833 12 if/ at a m v, > u wm e The Szechuan Experience with the Meisan Difference Savixir the finest Szechuan cuisine; aromatic, spicy gourmet creations in an exciting blend of flawnirs. And discover P MEISAN At the Meisan SZBCHUAN mstaubaw n.i tne ivieisan. Royal Swv Singapore 25 Scorn Road, Singapore
      833 words
    • 203 12 r 013 As3ldetdtooyouddkiousvalue jorhmdu 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 marsala wine. Plus!
      203 words

  • Page 13 Advertisements
    • 249 13 0 in M T CAIRN-COURT^% RESTAURANT f/ Ushers in the Dragon Year j With the special promotion of Hennessy XO and the world-renowned "Mun-Han" Emperor's Delights. x with Complimentary JMQII Hennessy XO I Big Bottle) Advanced reservations required Exclusively preseated ky Mr Ckew Cka Fti|. tilt wilier the repated Tip
      249 words
    • 140 13 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 Raffles
      140 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4311 14 SHARE PRICES closed lower over a broad front on profit-taking and lack of fol-low-through buying support after Wednesday's gains. Market sentiment was undermined by falls on Wall Street overnight and other major Asian markets. Prices fell from the outset and selling
      4,311 words
    • 220 14 SINGAPORE Rises ,ndk 2*„ laJmamAMa 570 45 IT fun)!mill (14 90 *00.74 M MS 25 ITOI/OS 65 -47 MTC7V 350 +12 IT CADI -6774 -M4« CortAar® 464 IT 10-4oy MA -6*71 -6*77 SfcaaQrf-lo 430 IT C3*V +*****90 ******1 ouc 312 +6 ST M*Wi 924.06 ***** *1)1 176
      220 words
    • 3739 14 BID and otter price* officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of share* traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      3,739 words
    • 37 14 BATU KAWAN Berhad: 23rd AGM at Wisma Taiko, 1, Jalan S P Seenivasagam, Ipoh tomorrow at 12.30pm. MALAYAN BREWERIES Limited: 44th AGM at OCBC Centre, 19th Storey, Singapore 0104 on Tuesday. Jan 26. at 11am.
      37 words
    • 275 14 j Manogers' prices Japan Gr fwnd Shwton Thrift fund 1 44 OX 14* OX foe Jan 22 UOB Manage' ment Singapore Unit Trust UMfand 0815 0815 Th* Comcc* 0*3 0*» Unrbond 0*85 101 Th* Savings fund Sport Prog fund on 037 087 041 MARA-Bumiputra S'por* Sac fund 062
      275 words

  • COMPANY NEWS
    • 783 15 TCMKIQ mm™ HOCK LOCK SIEW PROPERTY COUNTER First Capital Corp attracted much speculative interest yesterday and on Wednesday, with 1.42 million shares changing hands in all. That's an unusually high turnover. Rumours had it that Ng would be ordered to make
      HOCK LOCK SIEW  -  783 words
    • 522 15 MBT THE CYCLE Carriage Ltd (CCL) group expects continued profitability in the current year despite a few hiccups. While the strong deutschemark and yen are still a concern as selling prices and profit margins will be squeezed, the group has also taken
      MBT  -  522 words
    • 237 15 MBT THE Tradewinds (M) public share offer, Malaysia's first flotation this year, will open for subscription next Thursday. The sale of shares of Msl each priced at MSI.IO a share to the public by the two major shareholders. Pernas Securities and Grenfell Holdings,
      MBT  -  237 words
    • 561 15 LAST FULL YEAR Company Period Date announced lost year Yeor Net EPS (cents) Gross dK Net profh ($•000) Minebeo Interim Jul 21 Sep 87 169 230 2.907(g) Tokyu Land Interim Aug 22 Sep 87 3.0 9771(d) Duta Cons Final Aug 28 Dec 86 4.8481 Fed Cables Final Sep
      561 words
    • 388 15  -  By AMY BALAN MALAYA TIN Printing director and former chief executive officer Edward Goh Kim Hai is garnering more ammunition for his boardroom showdown with fellow MTP directors. Mr Goh recently wrote to all shareholders of the company urging them to attend an
      388 words
    • 569 15  -  Group is expecting a loss of $8.26 m By LISA LEE INSTEAD of profits and its promised maiden dividend, QAF Ltd has drastically revised its earlier after-tax profit forecast of $1.89 million to a loss of $8.26 million for the year ended March 1988
      569 words
    • 712 15 MBT 'PERMODALAN Nasional Bhd has become the largest shareholder of UMW Holdings with a stake of 26.09 per cent in the company's enlarged share capital of MsloB.B million following its rights issue. At the same time, the stake of
      MBT  -  712 words
    • 541 15 MBT AMALGAMATED Steel Mills (ASM) has forecast a higher group pre-tax profit after minority interests of M 539.3 million for the year ending June 30. 1988 ASM made a group pre-tax profit of MJ35.16 million last year. This latest forecast was made in the
      MBT  -  541 words
    • 454 15 Reuter AUSTRALIA'S longestrunning corporate drama is over, thanks to the October world sharemarket crash. Robert Holmes a Court, the chairman of Bell Resources Ltd, has finally failed in his bid to control Australia's largest company, Broken Hill Pty Co Ltd (BHP),
      Reuter  -  454 words
  • Page 15 Advertisements

  • REGIONAL MARKETS
    • 3612 16 THE Kuala Lumpur stock market saw quiet and subdued trading yesterday with prices ending slightly weaker over a broad front. Losses were marginal. The New Straits Times Industrial Ordinary Share Index declined 9.29 points to 1,427.74. The index gained 13.53 points on Wednesday. A
      3,612 words
    • 1430 16 Hongkong SHARE PRICES on the Hongkong market closed sharply lower yesterday under pressure from US institutions concerned about the health ot the US economy and its possible impact on overseas markets. brokers said. The Hang Seng Index slid 71.97 points, or 2.9 per cent, to 2,412.32 near
      1,430 words
    • 133 16 JAN 21 WON Kai ***** 300 Cheil Sugar ***** 100 Kangwon Ind Kia Motor ***** ***** 100 500 Daelim IrxJ ***** -100 Kolon Ind ***** 300 Daewoo Corp ***** 450 Korea Long Term ***** 200 Daewoo Heavy ***** 300 Lucky Lid ***** 200 Daitfim Securities ***** 200 Oriental Brewery
      133 words
    • 518 16 Reuter SHARE PRICES on the Tokyo market closed lower in thin trade yesterday on concern about possible selling by fund and special money trusts and margin calls ahead of the fiscal year end on March 31 and the dollar's fall below 127 yen, brokers said. Mixed signals on the
      Reuter  -  518 words
    • 445 16 Reuter THE AUSTRALIAN share market closed sharply lower in lacklustre trade yesterday as investors took fright at further sharp falls on Wall Street overnight. Brokers said the 57point fall in in the Dow Jones to 1,879.14, and weaker gold bullion prices, sparked widespread selling throughout the session. At the
      Reuter  -  445 words
    • 156 16 Reuter THE SECURITIES Exchange of Thailand Index was down 4.33 points to 316.04 yesterday on a turnover of 3,557,471 shares worth 411.70 million baht. Reuter JAN 21 BAHT Ao Kham Thai -10 Ayudhya lnva«»m«nt 306 Bangkok Agro-lnd 87 unch Bangkok Bank 315 Bank Ot Ayudhya 316 unch Charoong Thai
      Reuter  -  156 words
    • 236 16 MT 2 38 •0 07 32 00 -0.4" Kuochan Oav Laa Chang Yuan 41 50 36 20 1 -05 69 00 -1 5 37 60 -06 72 00 -1 5 56 00 1 55 00 15 Cheng Loong 5000 -1.5 Pacific Elact Wire 43 40 -01 0.2 -09 2
      236 words
    • 77 16 JAN 21 pesos Marcoppar 0 1150 0 015 Acof* Mining Pt»il Overseas Ptiilai B 0 0550 056 0 0Q2i unch A Soi -0 0025 Picop B Apex Mining B PLOT 156 -6 Atlas Con B Baguio Gold Basic PatrcMaum Banguat Con B First Phil HlOgs 0018 95 22 unch
      77 words
  • Page 16 Advertisements
    • 454 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KNK CONSULTANTS PTE LTD (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed company duly convened and held at #15-07 Asia Insurance Building, No. 2 Finlayson Green, Singapore 0104, on 15 January
      454 words
    • 460 16 THE COMPANIES ACT (CAP. 50) CHIA CHENG TRADING PTE LTD (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the Members of CHIA CHENG TRADING PTE LTD duly convened and held at 585 North Bridge Road #11-07 Blanco Court Singapore 0718 on the 19th day of January 1988 the
      460 words
    • 493 16 COMPANIES ACT, CAP. 50 GUIMACO NOMINEES PRIVATE LIMITED SPECIAL RESOLUTION Passed on the 15 day of January 1988 At an Extraordinary General Meeting of the company held at 4 Raffles Quay #03-00, Finlayson House. Singapore 0104 on 15 January 1988 the following Special Resolution was passed: RESOLVED: 1. "That Guimaco
      493 words
    • 16 16 TIPS FOR THE DRAGON YEAR A MONTHLY JOURNAL OF BUSINESS TRENDS FEBRUARY 1988 NOW AT NEWSSTANDS
      16 words

  • WORLD MARKETS
    • 1079 17 New York Reuter WALL STREET share prices closed sharply lower on Wednesday as an afternoon selloff buried stocks. The Dow Index closed down 57.20 points at 1,879.14. Volume was a moderate 182 million shares and declining issues outnumbered gainers by a stunning 1,301 to
      Reuter  -  1,079 words
    • 539 17 Selected indices HONGKONG Hongkong Index Thursday 1,576 87 Wednesday 1.624.42 Wee* ago 1.576.11 All Industrials Thursday 1.993.3 Wednesday 2,013.3 Week ogo 1,953.2 NEW YORK Hang Seng Index Thursday 2.412.32 Wednesday 2.***** Week ago 2.411.52 Dow Jones Wednesday 1,879.14 Tuesday 1,936.34 Week ogo 1.924.73 TOKYO Nikkei Average Thursday 22.710.26 Wednesday 22.*****
      539 words
    • 973 17 London Reuter EQUITIES on the London market continued around the pre-official opening levels in quiet early trading yesterday, but much of the decline reflected markdowns after Wall Street's 57.20-point (3 per cent) fall overnight. There were few active sellers in the market, dealers said.
      Reuter  -  973 words
    • 328 17 Reuter JAPANESE CAR makers have called unfounded and simplistic a suggestion by a Chrysler Corp official that their failure to raise US prices in line with the yen's appreciation meant they were dumping. Chrysler vice-chairman Robert Miller said early this week that Chrysler
      Reuter  -  328 words
    • 382 17 Panel still studying de Benedetti bid AFP A BRUSSELS trade court on Wednesday forbade the giant Societe Generale de Belgique (SGB) holding company to allow resale of 16 million new shares issued on Monday, judicial sources said. Meanwhile the Belgian Banking Commission, which was
      AFP  -  382 words
    • 234 17 AFP BRITISH PRESS MAGNATE Robert Maxwell has hinted that his group could play a part in a takeover of the French business prass group Las Echos. Pearson PLC, owner of the daily Financial Times, announced an agreement last week to buy the Echos
      AFP  -  234 words
  • Page 17 Advertisements
    • 150 17 NEW ISSUE This announcement appears as a matter of record only. 17th September, 1987 O HMtHNUm U. 5.5190,000,000 3W per cent Guaranteed Notes due 1992 with Wurants to subscribe for shares of common stock of Hanwa Co., Ltd. Payment of principal and interest being unconditionally and irrevocably guaranteed by The
      150 words
    • 626 17 NOTICE NOTICE IS HEREBY GIVEN that, I Lim Lai Fong of No. 18 Marine Terrace #15-94 Singapore (1544), have applied for a First Class Beer House licence in respect of premises at 865 Mountbatten Road #B 1-132 Singapore (1542), and that this application will be heard in Court No 1,
      626 words

  • 404 18  -  Tariff cuts to save consumers $93m a year By WILLIAM CHIA ELECTRICITY and gas users will next month receive a $93 million hong bao from the Public Utilities Board. Electricity and gas tariffs go down by an average 6 per
    404 words
  • 269 18 AFP TWO former Ka Wah Bank officials facing corruption charges may lose HK$2l million (US$2.7 million) in cash bail after apparently absconding, a court in Hongkong heard yesterday. The prosecution will apply for forfeiture of bail paid by the Singaporean brothers and
    AFP  -  269 words
  • 163 18 THIS TIME, lan will just have to take the back seat. Mrs Caroline Batey has chalked up as many flying hours on Singapore Airlines as her husband. While he scouts the world for business opportunities and scenery for his beautiful commercials,
    163 words
  • 246 18 AFP EIGHTEEN Commonwealth countries in Asia and the Pacific are likely to drop their plans for a regional summit this year, according to diplomats in Kuala Lumpur. They said Malaysia had received negative responses from most of the regional Commonwealth nations, including India
    AFP  -  246 words
  • 359 18 AFP THE days of preferential trade treatment for Asia's four economic "dragons" are numbered, US Trade Representative Clayton Yeutter said yesterday. He said the future of Hongkong, South Korea. Taiwan and Singapore in the Generalised System of Preferences (QSP) was under
    AFP  -  359 words
  • 406 18  -  By ANNA TEO A SINGAPORE company which has been marketing a still-to-be-built time-share resort on Pulau Tioman has been served with a winding-up notice. More than 300 people are said to have bought 20-year holiday plans, at between $3,700 and $7,900 each, in the
    406 words
  • 122 18 AFP THE US DOLLAR opened lower in early trading on European markets yesterday following comments by US Trade Representative Clayton Yeutter that the American trade deficit would not fall till late 1968. At 10am yesterday, the dollar was at 1.6585 Deutsche marks against 1.6560 at Wednesday's
    AFP  -  122 words
  • 95 18 Reuter COMEX GOLD futures fluctuated erratically yesterday morning on US dollar-driven activity. February gold held a net gain of US$O.5O at U*****.30 an ounce after snappy swings from U*****.40 to U*****.80. Silver futures edged up in the morning after drawing buyers on a pull-back to technical
    Reuter  -  95 words
  • 190 18 AFP INDONESIA'S General Assembly will be ready at the end of its March 1-11 session to appoint a president and vice-president for the next five years, the head of the working group of the 1,000-man assembly (MPR) said yesterday. President Suharto,
    AFP  -  190 words
  • 371 18 AFP AMERICA should continue to strengthen political and economic ties with East Asian nations, encouraging their greater involvement in their own defence, a White House report said on Wednesday. The annual White House "National Security Strategy of the United States" report emphasised critical US
    AFP  -  371 words
  • 354 18 AFP BUSINESSMEN yesterday welcomed the successful holding of local elections in the Philippines and said they hoped the country could now shift its attention to the economy instead of politics. Monday s polls were the third electoral exercise in two years following a
    AFP  -  354 words
  • 127 18 AFP THE INDONESIAN government has substantially speeded up the disbursement of foreign aid funds on development projects since a special team was formed in July 1986, according to a senior official. Team president Saleh AW said yesterday that disbursement of Japanese aid had
    AFP  -  127 words
  • LATE FILE
    • 63 18 Reuter COPPER prices tumbled nearly US$2OO a tonne in early trading yesterday on the London Metal Exchange as speculators, fearing a recent boom could not be kept going, baled out. Copper futures for three months delivery slid to U552,150 a tonne. The metal touched
      Reuter  -  63 words
    • 42 18 AFP THE US has reiterated its refusal to provide aid diredy to Vietnam, following reported complaints by Hanoi that Washington was not doing enough in exchange for help in locating the remains of US servicemen. AFP
      AFP  -  42 words
    • 34 18 AP SAUDI ARABIA and Taiwan have initialled a trade and technology agreement allowing Taiwan to import more Saudi petrochemicals. Taiwan will send more nurses and medical technicians to Saudi Arabia. AP
      AP  -  34 words
    • 62 18 AFP CHINA yesterday signed a multi-million-dollar technology transfer agreement with the US automotive giant General Motors to produce car engines for its domestic market. The agreement, which Chinese officials said required an investment of "about US$2O million", is the first Chinese venture entirely
      AFP  -  62 words
    • 62 18 AP AN INDIAN state court agreed yesterday to hear an appeal by the Union Carbide Corp against a court order to pay US$27O million to victims of the Bhopal gas disaster. United News of India reported the Madhya Pradesh State High Court scheduled a hearing
      AP  -  62 words
  • Page 18 Advertisements
    • 117 18 you owe it to yourself.. i Your family's happiness in Singapore will be determined by the environment in which they live. That's why you owe it to yourself to check out Ardmore Park. School buses call at the gate... there is aerobics, squash, tennis, swimming, chip and putt and special
      117 words
    • 128 18 Bombav Trading Presents January 24 1988 Sunday Commencing at 2 pm sharp The Reception Hall, sth Floor, South Wing, Mandarin Hotel Viewing Inspection: I Oam- lpm Auctioneers: A conference for companies who want to create and sustain superior performance and become leaders in the marketplace POSITIONING FOX COMPETITIVE ADVANTAGE Wednesday,
      128 words

  • SHIPPING TIMES
    • 400 19  -  By G DURAIRAJ BANKS in Malaysia have been urged to accept bills of lading issued by shipping lines for goods received at designated inland points to foster the growth of trade in the country. Shipping sources said inflexible banking practices stand in
      400 words
    • 318 19 UPI FRANCE has declared the toughest Western policy for confronting Iranian attacks on Gulf shipping, warning that French warships will fire on any gunboat ignoring orders to break off an attack on a merchant vessel. The commander of French
      UPI  -  318 words
    • 322 19 Lloyd's List OPEN REGISTER fleets have been growing over the past three years to the detriment of those from the industrial world, a new report says. The United Nations Conference on Trade and Development says the 7,169 ships of 216.4 million tonnes deadweight on
      Lloyd's List  -  322 words
    • 552 20 IT COULD COST from US$2O,BOO up to U5578,600 to equip a dedicated rescue vessel for operation under the global maritime distress and safety system, according to estimates prepared by the International Maritime Organisation. The GMDSS will greatly enhance maritime rescue operations
      552 words
    • 77 20 UPI SIX POLISH sailors "reluctant" to return to their homeland have asked for political asylum in Boston after jumping ship and taking a taxi to a police station, authorities said. The six, all crew members of the Laskara, walk- Ed into the police station at 6:4opm
      UPI  -  77 words
    • 412 20 FT -1 THE EUROPEAN Commission has ruled that the French government must reduce aid drastically to a shipyard which won a Ffr43s million (US$79 million) order for a cross-channel ferry against British and Dutch competitors. The British and Dutch companies
      FT  -  412 words
    • 974 20 AB Shpg V s ABC Contoiner vw 1 Accord Shpg VI 3 Ahrenkiel liner II 1 Africa Ocean XM 2 Alliron VI 3 AC Toapier XI 5 American Tpt a 4/5 Anro Service IV 2/3 Arrow lines IX s As«on Oceon VI 1 Alios line X s
      974 words
    • 1417 20 MIXED business on the London shipping freights market on Wednesday revealed a persistently firm tone on most major trades, but with particular emphasis on the US Gulf grain and Australian coal origins. US Gulf grain export fixing included two more 52.000-ton consignments for Japan, one in late February
      1,417 words
    • 350 21 TO PREVENT possible delays in delivery for short transits, Nedlloyd has introduced the waybill. The waybill with a format similar to a bill of lading is a non-negotiable document providing for the automatic delivery of cargo to a nominated consignee. The goods will be
      350 words
    • 257 21 AP THE PORT of San Juan was closed on Wednesday because of a container vessel pushed aground by strong seas, keeping 25 boats from entering and leaving, including the world's largest cruise ship. At high tide, four tugs were trying to
      AP  -  257 words
    • 169 21 Bernama THE JOHOR government has confirmed that a Singaporeregistered barge was detained on Monday on suspicion of discharging oil sludge into Malaysian territorial waters. The barge owner had been identified by the Malaysian State Marine Department, State Social and Environmental Development Committee chairman Jimmy Low
      Bernama  -  169 words
    • 184 21 THE WEST GERMAN subsidiary of the Brisbanebased Associated Technology International has been warded an EC grant to continue studies into computer design for the shipping industry. Schiffko West Germany has been given a grant of Dm 6 million (about A 55.25 million) to
      184 words
    • 106 21 Reuter A SPANISH shipyard on the north coast was ordered closed on Wednesday for the second time in a week after protests by workers over manning levels. The state shipyard company Astilleros Espanoles (ASEA) said its yard at Sestao would be closed following "serious incidents" on
      Reuter  -  106 words
    • 177 21 Reuter A TOTAL of 288 oil tankers amounting to 22.68 million long dwt were in the world shipbuilding order book as at Jan 1. up from 235 totalling 18.33 million dwt on order a year earlier, London shipbroker Howard Houlder said. Orders
      Reuter  -  177 words
    • 292 21 Jan 21 High power laser welding of "T" joints in ship production, North East Coast Institution of Engineers and Shipbuilders (Teeside Branch) meeting, 1800 hrs, Cleveland Scientific Institution, Corporation Road, Middlesbrough. Jan 27 Education and training for the MN and RN, Nautical Institute (Solent Branch) meeting, 1930 hrs,
      292 words
    • 7708 26 §®aBG)(!EB 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
      7,708 words
    • 1441 27 AT CONVENTIONAL WHARVES i > B«rth Arrival Departure KEPPEL WHARVES Bongior ProQOfi n? olongvde 22 01 0730 Dona fciond K34 o'ongvde 2301 '2300 Dongguong <35 olongude 2S 01 7300 Easier* Glory K» olongude 22 01 1630 Ff No* K2I olongude 2201 1800 fortkbonfc Kit olongside 2301-2300 f'ricti
      1,441 words
    • 2013 28 Who acts for whom A—B AB Shipping Boustead Shpg Agencies ABC Containerline NV S'pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Lines Sealion Shpg (S). Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Ocean us Shipping Agencies (S) Multiport Sdn Bhd (PK). Alltrans Alltrans Express. American President Lines
      2,013 words
    • 291 30 THE WEST GERMAN port of Bremen and Bremerhaven has identified the Far East as the region with one of the best growth potential. Though North American is still its biggest market, the trade has stagnanted since 1985 due to
      291 words
    • 173 30 THAI NIPPON Steel Engineering and Construction Corp was awarded a US$5 million contract to build two offshore rigs for Unocal Thailand. The Bangkok Post said two steel structures will be fabricated in Thailand for the first time at its yard in
      173 words
  • Page 19 Advertisements
    • 688 19 rE TIMES Kds STP Distributors IV. Jardines m NORTH AMERICA ATI ANTIC FXPRFSS (ROUND THf WORID ROUTING NORTH AMfRICA CAt If ORNIA PN# WtST CANADA [XPORT SU SM SW SM SM SM SM SM SM SM SM SM 2*l 2*l m SM SM SM SM SM SM SM SM 23/1
      688 words
    • 99 19 rasa IT COULD COST from US$2O,BOO up to U5578,600 to equip o dedicated rescue vessel for operation under the global maritime distress and safety system, according to estimates prepared by the International Maritime Organisation. P«g« II TO PREVENT possible delays in delivery for short transits, Nedlloyd has introduced the waybill.
      99 words
    • 796 19 A STP Distributors r*r MAERSK LINE FOR FAST TRANSIT TO LE HAVRE USE MAERSK LINE Tha week Lautf M Closing Time CY 27/1 2300 MRS CFS 27/1 1300 MRS LA US T M ANOERS M AXEL M arild m LUNA M ARTHUR M ANNA M 28/1 M Rando 4/2 M
      796 words

  • Page 20 Advertisements
    • 697 20 CSA V Ccrrp.mui SuclAmrnc.in.idc Vjpcrcs S A C- ■•■II i *-.Vj TO/FROM CHILE FEEDER VESSEL STORE MOTHER VESSEL HK ARKA K)Q A NTOf VALP SAI CSAV 1 2/2 A VESSEL 14/2 7/4 *4 12/4 CSAV 2 5/2 CAR CARRIER 2*3 31/3 (TO« 2*2) CSAV J J/2 8 VESSEL 2S/2 5/4
      697 words
    • 18 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National VXZffl Shipping Association.
      18 words
    • 439 20 CHARGEURS REUNIS k-: DIRECT SEMI CONTAINERISED SERVICE TO WEST AFR S PORE LA REUNION P NOIRE P GENTIL/lIBREVILLE HIMALAYA MARU 2/2 7217 Ot POINTE NOIRE I*2 Mfl MM ALSO ACCEPT CAROO TO MAURITIUS. LUANDA. SAiaQtJI, M DJAMCNA. MAMEY. OOAOAtX S'NGAPOOf f NQUIP'F s 3'44 TA* in VT P Pet.ilirc Jay*
      439 words

  • Page 21 Advertisements
    • 966 21 w mm The Straits Steamship Group Mansfield Container Shipping Re Ltd STRAITS SHIPPING Sinaaoore to Sabah Sarawak Brunei Ports and Bangkok PScO Containers Limited CONTAINERSWP SERVICE TO UK/CONTINENT: CONTAINERSHIP SERVICES TO/FROM BANGKOK PEGASUS PROGRESS VSISN »-27 Jan »30 Jan PEGASUS PROGRESS VSItN 02-03 iM 05-01 Jan BANGKOK BORNEO AGENCIES LTD.
      966 words
    • 660 21 CJ n EUROPE USA PANAMA rum JAPAI SEMTM VESSEL lEL6IAM SENATOR 0202 27 J2 20 02 0103 13.03 17.83 ILK MO3 lIJ3 lIJ3 n.n 127.03 2102 22.03 24.03 01 04 HJ4 15.04 I WF 711 00 .12 I Iff 712 00 02 OF Ml 24 02 Iff 082 02 03
      660 words

  • Page 22 Advertisements
    • 326 22 CONTAINERSHIP SERVICE TO UK/CONTINENT Hapag-Uoyd CONV/SEMI CONTAINER SERVICE TO EUROPE CONV/SEMI CONT AINER SERVICE TO MED L'JR OP K CONTAINERSHIP SERVICE FROM UK CONTINENT Agents Singapore *****00 K. Lumpur *****25 Booking *****08 P. Kelang *****18 CFS *****48 CFS *****50 Penang *****7, *****2 ■•Mm SOUTHEAST ASIA PTE. LTD. INTERNATIONAL FREIGHT FORW
      326 words
    • 834 22 *Xu*t ]&.&L,INE t$O(A IMWM FULLY CONTAINERISED SERVICE TO FUROPE VIA SUCZ 1 Mwnbw ot the Ace Consortium FROM ['JROPt VIA SUEZ A Member ol the Ace Consortium ACE CONCORD 12E KOREAN CHANCE ME NEPTUNE DIAMOND 73E ORIENTAL CHIEF 57E KOREAN JACEJIN 42E 12/2 11/2 16/2 19/2 Mil I V CONTAIN}
      834 words
    • 322 22 T/a FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CHITTAfiOHfi: SAILING 26/1 30/1 EURO-AFRICA LINE FOR: PORTO, LISBON, ORAN, WLBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER A ISTANBUL U.S.A. PAPUA NEW GUINEA PORT MORESBY, RABUAL, LAE KIETA, MADANG A KIMBE NOUMEA 21/2 SUVA/LAUTOKA
      322 words
    • 971 22 I*l WLtzvZl EVERGREEN Full Container Servia Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GUARD EVER GROWTH EVER GRAND EVER GREET EVER GLOBE EVER GENTLE EVER GENTRY EVER GUIDE SGf> HKG KSC KLG PUS OSK TVO KSN In Pt 26/1 2*l 3*l 20 4/2 *2 24/2 Till 2/2 112 5/2 1/2 10/2 11/2
      971 words

  • Page 23 Advertisements
    • 807 23 PACIFIC INTERNATIONAL LINES PIL Building. 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 1 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE VESSEL SEA HAWK SEA DRAGON SEA HAWK SEA DRAGON VESSEL VOY SEA FORTUNE MO3 INTEGRA MO4 SEA FORTUNE MO7 SLD SLD 23/1 2S/1 28/1 30/1 IS/2
      807 words
    • 511 23 BEN LINE CONTAINERS TASMAN JEBSEN NEW ZEALAND LINE FIJI AND SOUTH PACIFIC ISLANDS JEBSEN SOUTHLAND 21S SIN NOUMEA AKL TGA NAP TIM TIM/IY TIM/ON BIUFF wmwww w m m iw ANANCEL LEADER VOY 7S SIN NOUMEA AKL TGA NAP TIM BLUFF 4/3 2S/3 29/3 2/4 4/4 6/4 10/4 ACCEPTING LAUTOKA,
      511 words
    • 652 23 DJASAGETRI A Joint Europe Service Of: P.T. BJAKARTA LLOYD P.T. GESUII LLOTB p.t. tmum wmmui p.t. trikora iioyd r EXPRESS SEMI CONTAINERSHIP SERVICES > VSL/VOY GANDA GAUAjWW ■ATARAWSm ANTWERP BILBAO A DAMN DAM H (UK/MOKN iii m on -WW I*3 21/3 Buto)eci to Inducement Atoo eocepMng cargo to Ceaeblenee, P
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    • 228 23 BOUSTEAD SHIPPING AGENCIES I FORTHBANK V2IS Spore In Pt BEECO ASIA VIS Spore 8/2 (PNG ports: PORT MORESBY/KIETA/R ABAUL/KIMBE/LAE/MADANG) T/S: ALOTAU. OROBAY, WEWAK, KAVIENG (PKL Agt H C Tel *****01/4 *****31) iH YUNDAI MERCHANT MARINE BULK TIMBER AMO PLYWOOD SERVICE USA SERVICE PACIFIC/GULF/ATLANTIC PORTS S'pore Indonesia Tg. Item Ld| for
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  • Page 24 Advertisements
    • 1319 24 ftTLflrmC COAST (Round-The-World Service) •PK/PNG STORE LB CHLS NFK NYC HFX B BRIDGE V6/AMBASSADOR Ski 23 Jan 13 Feb 23 Feb 25 Feb 27 Feb 2 Mar BRIDGE Vl5 ORIENTAL FORTUNE V 7 28 Jan 20 Feb 1 Mar 3 Mar 5 Mar 9 Mar •VIA FEEDER PACIFIC SOUTH-WEST FEEDER
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    • 669 24 '/l€ INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Sinpporc P Ketone Penan, loading tor Mother V 4 By Feeder By Feeder FOMTANE V 14N H 1m Htt/Cakutta/CboMadras LOTTE SCHEEL Vn »tm ninwi^iiii SOA PRADESH VKH 2 Fat Kaftdla/Baotoy mmANI COURIER V»N Fet 27 Jan 27 Jan Cko/Madrai/HUXalcutta HSH! Vt B
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    • 734 24 GOLDEN LINE WK tV GUM GUAN SHIPPING (PTE) LID a. Tttok kfi StrMt v^—-->4 SINGAPORE 0104 TEL U4JJB (U LINES) fix S34JSM STRAITS PERSIAN GULF SERVICE: Spore p Keiang Penan. GOLDEN HARVEST Cotomdo Karachi, Dirt*. 29/30 Jan GOLDEN HAVEN CoWnßo Karachi Dubai 12/14 Fab CHINA SERVICE A VESSEL ShanjharHvnkang ?Sy»
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    • 600 24 EASTf Afl EAST OUBAI. DAMMAN KUWAIT. DOHA. MUSCAT. BAHRAIN ABU DHABI 4 SHARJAH JEDOAH MODE ID AH AQAIA H KONG KOBE KffLUNG COCOMBO. KARACHI BOMBAY USA SERVICE w. w jdnlAHi V. VASLYAEV TENERIFE, LAS PALMAS. LISBON. GIBRALTAR CEUTA LEIXOCS. NELILLA AND ALL INLAND SPAIN DESTINATIONS PHILI Oni€NT tINCS PT€ LTD
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  • Page 25 Advertisements
    • 614 25 NEPTUNE ORIENT LINES LTD •£< NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA Terminal CFS BOOKINGS 27*5753 27*5742 *****22 *****53 *****19 *****16 *****11 27*141 NEPLINE SON. BHD. 36* M*7 INWARD/OUTWARD NEPLINE SON BHD 2C***** ENQUIRIES 2717*44 NEPLINE SON. BHD. *****5/*****/*****1/6276*2 NEPLINE SON BHD *****0/23KM1 AT cargo will be transhipped via RO
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    • 301 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG. BUSAN. INCHON MOJI container to be transhipped at Butan. Korea CALLING INCHON DIRECTLY ON 04/02 04-03 SPORt AW MS NIPTUM AGINCIiS PU I 10 lei .'no 1M ."401/1 10 7/170 A' ittons) IS/ .\DV«4 (Irfmm ii) .VU.'HW (CtS)
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    • 845 25 SINSOV" SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** p KELANG PENANG H* HANDLING SYSTEM CO SON BHD MESSRS HAI THONG SHIPPING 127 PaneneStre* Pana* Maiayw
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    • 6 25 n a 4 < MADJU SENDIRIAN BERHAD
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  • Page 26 Advertisements
    • 353 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. Til 225 6868 <30 Lines. FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD Vtß DEUTF RACHT/SEBREEDEREI RQSTQCK INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO: Accepting cargo for INDIA Bombay. Cochin, Madras Calcutta ••VIA LARNACA: Accepting cargo foe Lattakia. Piraeus, Thessaloniki.
      353 words
  • Page 26 Miscellaneous
    • 163 26 T7, fS Regional Weather *n N> m m r m ti iL« <£ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. °c O w Wind direction with speed in knots Wove height LEGEND R Thunderstorm Temperature c X\ V Shower Weather Wind direction with speed in knots Ram
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  • Page 27 Advertisements
    • 1192 27 ■MM \\CSP\ CSP SHIPPING AGENCIES PTE. LTD. Tel: *****93, *****98, *****53. Fax *****44 FCL/LCL TO: CHINA, HONG KONG, BANGKOK, P.KELANG, KEELONG, KAOSHIUNG, MANILA, BUS AN, TOKYO/YOKOHAMA KOBE, OSAKA, JAKARTA, E. MALAYSIA ALL EUROPE BASE PORTS ALL USA PORTS Also accepts to other destinations. ACCEPTING FCL/LCL AND CONVENTIONAL: (S) PTE LTD
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    • 292 27 EAST BOUND SERVICE ETA S PORE LOADING FOR ALFARABI 30/1 japan MV SINOBAD 20/2 Japan WEST BOUND SERVICE ETA S PORE 10ADINC FOR I MV ALFARABI 25/2 Joddah Aqaba BaftaM THROUGH B/Li to BAGNOAO UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA A BAGNOAO I REEFER SPACE AVAILABLE UPTO AQABA LOADING
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  • Page 28 Advertisements
    • 614 28 m FINK-LINER SHIPPING PTE LTD 70 Shenton Wi/ M 0?C Mmni House Spore O?!)." TEL *****'7 (6 Lines) TLX RS 22W1 FLINFR rAX 22b28i6 EUROPE SERVICE ui.:-M.y.:in.'" !r.Mi7Tin»7~»rmT7T r "Fi'ii' ,J n 5® un m an an an m an an an w *J a w M an FAR EAST
      614 words
    • 452 28 ZIM q.y.l ITTTTM TV 7T» 7TM U TB| M KEELUNC 11/2 127/7 IM KEELUNC II(1 2717 Ml NEWYORK 27/2 7/3 2/2 17MH NEWYORK 27/2 7/3 3/2 uIM IBERIA i/3 Lilian ACCEPTING CARGO TO ADELAIDE VIA MELBOURNE ANO ALSO FCL TO CUAi ZIM BUT CONTAINER LINE GOLD STAR LINE GOLD VARDA
      452 words
    • 610 28 Everett Lines! v COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" I. LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Penang* P. K*lir»g* Singapore MANOLOEVERETT 30,31 Jan JOHNEVERETT 14/15 Fci> MURRAYEVERETT 20/21 Fab yf&L "EVERETT ORIENT
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  • Page 29 Advertisements
    • 514 29 LCL/FCL SERVICE VESSEL JENLINK V 53N liTT^ir SPORE 27 /1 1/1 SPORE 27/1 1/1 VESSEL JENWEL V 53N ENHOL V. DESTINATION KEELUNG/KAOHSIUNG HONG KONG P. KELAN BANGKOK 30/1 3/2 JAKARTA 30/1 i accepting cargo to PNG P. MORESBY, KJETA, RABAUL, LAE, MADANG, WEWAK. S. ISLANDS HONIARA N. CALEDONU NOUMEA TAKTI
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    • 707 29 THE NATIONAL SbHPPINO *_ti ff OF SAUOt ARABIA REGULAR RO-RO SERVICE TO MIDDLE EAST SINGAPORE P KELANG 24 FEB s ABHA FEA 034 15 MAR 17 MAW I Accepting trwttglfc. Ro/*o. Container* FCL Containers for Sharjah. Doha and Riyadh. REGULAR RO-RO SERVICE TO USA/CANADA SINGAPORE P KELANG BALTIMORE NORFOLK I
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    • 340 29 rated Man una (PorV** China Ocoan Shipping Liim) Destinations: I ■SHANTOU, GUANGZHOU HUANGPU, XIAMEN HAIKOU, ZHANJIANG XINGANG, QINGOAO SHANGHAI ft OTHER PORTS Etd. SPORE Etri. PKLG WEEKLY SAILINGS LIAN SENG HIN 3 FELISTELLA (DWT 25,73) TBN BANGKOK NOUMEA 29-31 Jan 20-25 Jan 26-29 Jan 28-30 Jan Kota Kinabalu Port Said,
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  • Page 30 Advertisements
    • 375 30 Hai Sun Hup Co (Pte) Ltd TFt ??0490f. I? 0 linesi TLX RS A RS .'0672 t I \s| I |<\ \K I l\l K 111 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS 'Subject inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN t CHINESE PORTS, SUBJECT INDUCEMENT
      375 words
    • 421 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-CAST AND FRENCH WEST INDIES Far Halifax, Montreal, Toronto, Now York, Balmitore, Portsmouth, NorthWk Al*o Mrviiw GULF Savannah, Miami, Mobil*. Now Orleans, Houaton/Maiica Vara Cruz, Mexico City/ FRENCH Indwt Port Da Franca. Pointra A. Pttra, Day ad 0. Cannaa COLUMBUS LINE
      421 words
    • 271 30 W j/Mj.-j LCL WEEKLY SERVICE TO: KBLUNG 27/1 HAM/BREM 27/1 BANGKOK 23/1 ROTTERDAM 27/1 HONGKONG 81/1 TILBURY 27/1 FRBMANTIi 28/1 SYD/MELB 22/1 ADELAIDE 28/1 (transit time 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY ETD GERMANY ETA S PORE CON-CARRIER 54/87 5/1 25/1 CON-CARRIER 55/87 14/1 4/2 LCL SERVICE TO CARRIBEAN
      271 words
    • 748 30 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER B. RUTANC <U CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****122/4, *****3 •07 *****8 •07-*****3, *****5, *****0, *****1 <02-*****22 *****0 ,'fll Mt.i ■THR VSL N CXJ MA B SURIA SILANCMA fTP rm OTHER DESTINATIONS: AARHUS AMSTERDAM.
      748 words