The Business Times, 26 January 1988

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, JANUARY 26, 1988 75 CENTS
    11 words
  • 265 1 Reuter Dow Jones higher WALL STREET stocks moved moderately higher in early trading yesterday, following a firm opening in the dollar. Bargain hunting after last week's 52-point selloff lent the positive bias to the market. The Dow Jones Industrial Average gained 13.49 points to 1.917. Advances led
    Reuter  -  265 words
  • 164 1 MAJOR ASIAN stock markets closed higher in lacklustre trading yesterday but Hongkong bucked the trend to finish lower. In Singapore, share prices edged slightly higher in cautious trading. Brokers said investors stayed on the sidelines becsuse of concern over the stability of the US dollar and
    164 words
  • 183 1 THE US DOLLAR edged downwards against the yen in lethargic trading in Tokyo yesterday. Some dealers said the greenback seemed to be consolidating and is likely to fluctuate between 126 and 129 yen this week. They said the American unit would be supported
    183 words
  • 547 1  -  By AMY BALAN A SUMMARY JUDGMENT sought by Morgan Guaranty Trust of New York (MGT) against troubled commodity trader Teck Hock was dismissed with costs by the High Court yesterday But Teck Hock, whose restructuring plan was put
    547 words
  • 763 1  -  Electrical and electronics industry bears brunt By CHUANG PECK MING EMPLOYERS facing labour shortage are spending more on recruitment, but to little avail. That has meant that they, most of whom are from the expanding electrical and electronics industry, may have to incur
    763 words
  • 137 1 UPI Reuter FIRST DEPUTY Prime Minister Goh Chok Tong yesterday paid homage to Taiwan's President Chiang Ching-kuo at the Martyrs' Shrine where Mr Chiang's body is lying in state. Mr Goh also offered condolences to Mr Chiang Hsiao-wu (Allen), the second son of the
    UPI; Reuter  -  137 words
  • 573 1  -  ■y ALVIN TAY Banking Correspondent TAKING ADVANTAGE of the interest crestsd by ths Chsng Hong Msnsion sffsir, Citicorp Insursncs Brokers (S) Pte Ltd yestsrdsy Isunchsd whst msy bs Singspors's first insursnce policy protecting developers sgsinst structural defects thst crop up sftsr s structurs
    573 words
  • 113 1 Reuter A FORMER National Bank of Brunei auditor pleaded guilty in Bandar Seri Begawan yesterday to making false statements in the bank's balance sheets. Briton Andrew Peattie faced up to two years in jail for making the statements at the end of 198$. 1964 and
    Reuter  -  113 words
  • Page 1 Advertisements
    • 59 1 Nikon Th* World's Photographic System f [pilot] f BALL POUT PENS PS V er tungsten carbide ball Continuous smudge-free writing all the way Available in fine point Comes in black, red, blue green Retails at only 70 cents i f A product of 1 the Pilot Pen Co. Ltd., Japan
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    • 347 1 Full local report, Pago 14 Regional mart ate, Paga 16 FOUR COMPUTER vendors in Singapore, led by giont IBM, have nearly 60 per cent of the market, according to market research firm IDC (Asia). HOME NEWS, Page 2 THE INCH AN ECONOMY has fallen behind ma for targets ond needs
      347 words
    • 66 1 NZ to reform tax laws IN A BID to bolster the country's sluggish economy, New Zealand is to introduce radical tax reforms aimed at increasing productivity and foreign investment. The government intends to bring in a flat rate for personal tax and at the same time reduce corporate tax. See
      66 words
    • 292 1 Nikon The World's Finest Photographic System Four Cards For The Price Of One Hongkongßank <X> Hongkongßank <s> Hongkongßank Hongkongßank hen you apply for either a Hongkongßank Visa card or MasterCard, you get the other card FREE. And you may apply for a supplementary Visa card and MasterCard for one other
      292 words

  • HOME NEWS
    • 491 2  -  By ANNA TEO FOUR COMPUTER vendors 4n Singapore, led by giant IBM, have nearly 60 per cent of the market. According to market research firm IDC (Asia), IBM, Hewlett Packard. NEC and Wang accounted for 58 per cent of the 2,253
      491 words
    • 221 2 TOP MANAGERS ot seven Indonesian hospitals have learnt the nuts and bolts of running a hospital more efficiently from the administrator of a private hospital in Singapore. They attended a two-day seminar on operations management given by Mr Dennis Brown, administrator of Mount Elizabeth Hospital,
      221 words
    • 83 2 MOBIL OIL Singapore has announced reductions for its petrol prices with effect from today. Premium petrol will now cost 92.2 cents a litre, intermediate petrol 85.8 cents a litre and diesel 41.1 cents a litre. Meanwhile, Singapore Petroleum Company has also an- nounced price reductions for
      83 words
    • 72 2 IN THE NOV 30. 1987, issue of the Business Times, we published TNT Skypak International Pte Ltd's advertisement titled 'It's full of holes!'. Business Times disclaims any imputations which may have been cast on DHL International (S) Pte Ltd's reputation, standing and credibility by TNT Skypak International Re Ltd's
      72 words
    • 432 2  -  By LILY FERNANDEZ EMPLOYEES OF 28 insurance companies will receive a service increment of $5 plus 2.5 per cent of their basic salary under a flexible wage pact announced yesterday. The increment is, however, subject to a floor of $20 and a ceiling of
      432 words
    • 196 2 MEMBERS of the People s Action Psrty Youth Wing now hsve a bigger say in the management of their own affairs at the national level. Fourteen Youth Wing activists are in the new 16-member Youth Committee chaired by Briga-dier-General Lee Hsien Loong. Dr Tay
      196 words
    • 407 2  -  By HARISH MEHTA THE ASIAN-PACIFIC REGION is poised to spearhead the growth of the aviation industry well into the year 2000, according to speakers at a conference yesterday. Mr Michael Donne. OBE, Financial Times' aerospace correspondent, told the gathering of about 200
      407 words
    • 241 2 SINGAPORE Aircraft Industries (SAI) will show off its retrofitted A-4 Super Skyhawks at the coming Asian Aerospace air show. Two prototypes of the aircraft, which have logged 200 hours of testing time each, will be on static display at the show which begins tomorrow.
      241 words
    • 75 2 JAPAN, which has embarked on an ambitious plan to develop its aerospace industry, will be represented in this year's Asian Aerospace exhibition with a national pavilion. Six companies, participating under the auspices of the Japan External Trade Organisation and the Society of Japanese Aerospace
      75 words
    • 375 2 Sir Colin Marshall, chief executive, British Airways, chaired the conference session on assessing airline growth and moderated the forum discussion which followed. He commented on the role of governments in the airline business and hinted it was here to stay. He was appointed chief executive
      375 words
  • Page 2 Advertisements
    • 153 2 POSB CREDIT POSB. THE FORMULA FOR A COMFORTABLE HOME <S* CO CO Many Singaporeans have trusted and relied on the POSB way of savings to give them the feeling of security and peace of mind. Now you can enjoy the comforts of home and let Credit POSB take the load
      153 words

  • ASIA – PACIFIC
    • 366 3 AFP THE US is reluctant to support a political solution to the Cambodian conflict at this stage because it wants to weaken Vietnam by prolonging the deadlock, Cambodia's Vietnamese-backed Premier Hun Sen said on Sunday. Washington "doesn't want us to reach a solution
      AFP  -  366 words
    • 144 3 AFP A SOVIET DELEGATION is in Vietnam to discuss bilateral economic, scientific and technical cooperation. The official Vietnam News Agency (VNA) in Hanoi said yesterday that the delegation, headed by V K Gusev, Vice-President of the Council of Ministers, is in Ho
      AFP  -  144 words
    • 598 3  -  By BRIAN GOMEZ Foreign Editor THE PHILIPPINES faces problems in utilising the US$2 billion Asean-Japan Development Fund because the "corporate sector took a bash" during the Marcos regime, the governor of the central bank of the Philippines, Mr Jose Fernandez, said. Speaking at a
      598 words
    • 226 3 AP THE NEW Philippine Defence Secretary said yesterday in Manila the government's success in improving the livelihood of its people and providing them with basic services are keys to defeating the Communist insurgency. General Fidel V Ramos made the remarks during ceremonies at
      AP  -  226 words
    • 124 3 AFP THE US Congress has approved US$339 million in aid to the Philippines for 1968 in traditional military and economic assistance as well as support for land reform, the US embassy in Manila said yesterday. The total includes US$l25 million for military aid, US$l24 million
      AFP  -  124 words
    • 135 3 AFP INTERNATIONAL Monetary Fund managing director Michel Camdessus flew into Indonesia yesterday for four days of talks with the country's top economic officials. Government sources said the talks would focus on Jakarta's high debt-ser-vice ratio which will force the government to pay out
      AFP  -  135 words
    • 495 3 Strong boost needed, says business group AFP THE INDIAN ECONOMY has fallen behind major plan targets and needs a strong boost to get back on course, a leading business group in New Delhi has warned. The economy has to grow at an average rate
      AFP  -  495 words
    • 229 3 Reuter EGYPTIAN PRESIDENT Hosni Mubarak,- one of the West's key allies in the Arab world, arrived in Bonn yesterday at the start of a 12-day tour of Western capitals armed with a new plan to reconcile Israelis and Palestinians. Mr Mubarak
      Reuter  -  229 words
    • 590 3 AFP AS THE INDIAN military presence in Sri Lanka enters its sixth month there appears to be no signs of an early troop withdrawal, according to diplomats and officials in New Delhi and Colombo. Despite the need to find a lasting solution, neither
      AFP  -  590 words
  • Page 3 Advertisements
    • 81 3 I > .SOO ill. << >il,l\ I>, \1 llni'i iiii.l \i i I'lismi'\\ li I .111,1 i\IUI II It'/1,>11,1l lilt I'l'l'lt'f Willi .//«'v II (Ml .#r 'iui Ilh 1)1 flt hlllh r till It <»»/</\ tfllii'lt'sl h llllh l \nl'iiy J >/<• UtO u i.li it iluit i l,>i w
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  • Page 3 Miscellaneous
    • 154 3 WD B v// a !!'////> Mml Not* Mln (°C) 23/11 Fin* 10/06 dowdy 11/06 Cloudy 19/12 Clear 33/23 Clear 28/20 Cloudy -2-14 Clear 14/09 Roin 03-01 Cloudy 02-01 Rain 20/16 dowdy 08/02 Showers 29/23 Oowdy 08/02 Rain 23/14 Clear 21/09 Cleor 10-02 Cloudy 23/05 Fin* 25/16 Cl*or 01-05 Snow 03-02
      154 words
    • 63 3 Doonesbury PEOPLE WANT PERSONAU7EP SERVICE THESEDAYS, SAL. WITH PR. WHOOPEE BOUTIQUES, j WE CAN SPARE OUR CUSTOMERS 1 THE EMBARRASSMENT OF BUY- 5 AT THE CORNER VGS7ORE. m 1 1 w BY GARRY TRUDEAU ~.ANP I WANT WTO OPEN THE FIRST ONEHERE! M w HERB THE PEACH RIGHT HERE MARBLE
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  • REST OF THE WORLD
    • 580 4 Reuter PRESIDENT Ronald Reagan was due to deliver his State of the Union address yesterday, laying out the agenda for his last year in office as Congress opens its 1988 session prepared to help him in some areas and oppose him
      Reuter  -  580 words
    • 441 4 NYT NICARAGUAN President Daniel Ortega has said that during his trip to Spain this week, he will ask the Madrid government to become active in Central American peace efforts. Central American presidents agreed at their summit meeting last week
      NYT  -  441 words
    • 234 4 Reuter WEST GERMAN Foreign Minister Hans-Dietrich Genscher, after talks with Israeli and Palestinian leaders on the uprising in the Israeli-occupied territories, has urged the superpowers to discuss a political solution to the Middle East conflict. "We believe the Middle East conflict and the
      Reuter  -  234 words
    • 194 4 AP AMID TRIBAL DANCING and drumming, leaders of Zimbabwe's two main political parties on Sunday called on their partisans to bury their differences and support an accord to establish a one-party state. "The people of Zimbabwe want peace," Vice-President Simon Muzenda told about
      AP  -  194 words
    • 320 4 AP AGRICULTURE MINISTERS of the European Community ended a series of farm policy negotiations on Sunday without agreement, although officials said significant progress was made. "The differences of opinion were not very numerous," said Ignaz Kiechle, the West German Farm Minister, chairman of the meeting
      AP  -  320 words
    • 234 4 AP PREMIER JACQUES CHIRAC'S party, the neo-Gaullist Rally for the Republic, voted overwhelmingly in Paris on Sunday to endorse his candidacy in April's French presidential elections. Mr Chirac trails 'two undeclared candidates, Socialist President Francois Mitterrand and Conservative former premier Raymond Barre, in public opinion
      AP  -  234 words
    • 1014 4 ARRIVALS Operator Sorvico Local From number rim* SU son 011S LAX/NRT CAL C1341 0155 TPC NCA KZ205 0240 NRT JAL JL617 0305 TYO FT FT75 0315 JFK/DFW/IAH/ ORD/ANC/NRT MNL/TPE CAL CI333 0405 TPC MAS MH681 0820 KUL SiA SQ417 0820 DXB/KHI sv SV398 0835 JED/RUH MAS MH811
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    • 327 4 AP MORE THAN one Soviet enterprise in eight lost money lest year, and the Soviet Union's fsctories hsve been too slow in putting scientific innovations to practical use. Pravda reported on Sunday. The Communist Party daily printed a three-page report in
      AP  -  327 words
    • 148 4 Reuter IN THE PAST two years, the Soviet space programme has surged past that of the United States, with endurance records, tests of its own reusable spacecraft and plans for a manned flight to Mars by the turn of the century. As US
      Reuter  -  148 words
  • Page 4 Advertisements
    • 171 4 Reagan takes tax Ideas to Congress, Page 11 i f L JL_ r £T-~„ •*.2" I <*!*Sg >^r-» Z.er The Prince take care of you. S to could even do the Emperor's Waltz in it A\ t The Prince. Kuala Lumpur, there's f\ nothing 'standard' about our rooms except in
      171 words
    • 36 4 The business person's choice every Tuesday. Thursday. Saturday and Surdov Leaving Changi Airport at 22:05 hours and arriving Heathrow early •le following TKJrnng. Ca'i VOU r Travel Agent or Air Canoda at *****55 AIR CANADA far
      36 words

  • Page 5 Advertisements
    • 244 5 y* y,; V:'< v x": '■><. ■j m m S •5. 'A ms '<£■ m f •i-w -v mm >-r< <*> V V ■;'y V J. Mill Go ahead. Discover in minutes what it's like to drive the car that took the most respected car manufacturer in the world years
      244 words

  • COMMODITIES
    • 397 6 Bernama MALAYSIA's Deputy Primary Industries Minister Alias Ali has proposed that the Finance Ministry use tin in the minting of coins as a means for the country to cope with the metal's low price. Tin price has hovered around the Msl7 per
      Bernama  -  397 words
    • 488 6 UPI AMERADA HESS CORP has announced two significant oil discoveries in the British sector of the North Sea and Phillips Petroleum Co reported a natural gas strike offshore Scotland. Consolidated Natural Gas Co said it has made a large oil and gas find in Carter
      UPI  -  488 words
    • 211 6 AFP INDIA'S grain production will fall 20 million tonnes short of target this year due to the 1987 drought the worst to hit the country this century, the Press Trust of India (PTI) said last Friday. Farmers should be able
      AFP  -  211 words
    • 171 6 Reuter MALAYSIA plans to exploit substantial deposits of gold, clay and other minerals by promoting joint ventures with foreign firms, the national news agency Bernama reported last week. It quoted Deputy Primary Industries Minister Mr Alias Ali as saying gold deposits are
      Reuter  -  171 words
    • 223 6 UPI PRICES of imported beef sold by a Japanese government-subsi-dised agency to retailers will be reduced by about 5 per cent, effective Feb 1. in line with the rising value of the yen. The Ministry of Agriculture, Forestry and Fisheries in Tokyo said
      UPI  -  223 words
    • 194 6 AFP INDIA'S Oil and Natural Gas Commission (ONGC) is to spend US$l.B billion in the next financial year in a bid to raise domestic oil and gas production to 36.5 million tonnes. A spokesman for the stateowned commission in New Delhi
      AFP  -  194 words
    • 186 6 Reuter LEAD OUTPUT at the Port Pirie smelter jumped to 201,660 tonnes in 1967 from 156,239 in 1986, the Broken Hill Associated Smelters Pty Ltd said. The higher output, which was in line with the 1985 level of 200,147 tonnes, reflected
      Reuter  -  186 words
    • 158 6 AP MALAYSIA, the world's largest producer and exporter of palm oil, will increase its production of the commodity. Primary Industries Minister Lim Keng Yaik said in Kuala Lumpur yesterday. The minister said production was expected to reach 5.3 million tons per year by 1990
      AP  -  158 words
    • 242 6 AP LEADING coffee-producing countries are considering whether to ask consumers to approve special measures to reduce coffee supplies when the two sides meet at International Coffee Organisation headquarters in London this week. "Contacts among producers are still going on," said Brazilian spokesman Lindenberg Sette
      AP  -  242 words
    • 350 6 HONGKONG: GOLD yesterday closed lower in thin trading as the US dollar steadied in the Far East. Dealers said there was a lack of interest in bullion as investors waited for clearer direction. The metal ended the day at U*****.50/477.00 an ounce against an opening 477.70/478.20 and Saturday's
      350 words
    • 255 6 Crude palm oil future* closed limit-up on strong short covering interest after last week's sharp fall. Total turnover fell to 1,003 lots from 1,741 last Friday. Mar, Apr, May and June closed up the Msso limit at $1,165, $1,140, $1,118 and $1,090 per tonne respectively, while limitless Feb
      255 words
    • 196 6 Chinese Produce Exchange Sellers' noon doting prices on Jon 25 (SS/100 kg) Coconut oil Bulk FOB 120.00 Old drum FOB 130.00 New drum FOB 134.00 Copra Mixed (loose) 66 sellers Pepper Muntok white FOB NIW 1187.50 Sarawak white FOB foq NIW 1172.50 Sorowok special block FOB NIW 852.50
      196 words
    • 73 6 NAPHTHA and jet weakened while all other Far East product markets showed firm or potentially firmer trends. Good regional demand for low pour material boosted gasoil prices. Dubai (Mar) Wa* T#»ai US$/barral 15.20 Oang* -0.15 WT1 (Mar) 17.03 ■0.14 Products (FOB S'pore) Goiofl Law Sulphur Waxy l»du«.
      73 words
    • 261 6 Reuter SINGAPORE THE MARKET yesterday closed higher with February 1 RSS buyers quoted at 222.50 cents/kilo, up one cent from Friday's close, dealers said. The market was higher at the outset following Friday's after-hour firmer trend but profit-taking pared the gains slightly at midday in quiet trading. Prices eased
      Reuter  -  261 words
    • 115 6 Reuter HIGHER TURNOVER dIM to Mcumulatlon over the weekend pushed the Kuala Lumpur Tin Market (KLTM) price down three cants to dose at MSI 7.25 a kg, dealers said. The market opened unchanged from last Friday's level with small bids of 71 tonnes but values declined gradually thereafter
      Reuter  -  115 words
    • 243 6 RAS prices In S c*nta/kg, FOB In tal« NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 225.00 226.00N 224.00 225.00N Int 1 RSS Feb 88 223.50 224.50N 222.50 223.50N Int 1 RSS Mar 88 222.50 223.00 221.50 222.00 Int 2 RSS OI> 220.00 222.00 219.00
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    • 78 6 (c»nt»/kg, t -ton potlan) FEBRUARY 88 MARCH 88 (currant month) (forward month) RAS NOON NOON 8vy*n S*n*fi 1vyri Stltn SSR 20 226.00 228.00N 226.00 228.00N SSR 50 224.50 226.50N 224.50 226.50N MRELB Sdltn Ivy*** S§N#fi SMR cv 277.50 279JON 278.50 280.50N SMS L 277.50 279.50N 278.50 280.50N
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  • Page 6 Advertisements
    • 308 6 THE SHIPPING CORPORATION OF INDIA LTD (A GOVERNMENT OF INDIA ENTERPRISE) TENDER NOTICE Sealed tenders are invited from experienced/ reputed shipchandlers who are having at least two years' of practical shipchandling experience with shipping companies of repute and preferably who are also a member of international ship suppliers' association for
      308 words
    • 245 6 NOTICE NOTICE IS HEREBY GIVEN that, I Teng Liang Meng of No. 173 Ang Mo Kio Ave 4 #11-707 Singapore 2056, have applied for a Second Class Beer House Licence in respect of premises at M/S Aero Marine Seafood Restaurant at 72 Lorong Way Singapore 1750, and that this application
      245 words

  • Page 7 Advertisements
    • 178 7 SAMAERO. OPENING NEW DOORS TO ASIA AND THE PACIFIC At Samaero, we're celebrating our tenth anniversary in 1988. And moving to brand new headquarters at Loyang to celebrate the occasion. Which is only fitting, when you consider our impressive list of accomplishments. In ten years, we've multiplied our Singaporean workforce
      178 words

  • MONEY AND EXCHANGES
    • 311 8 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels, after a day of quiet trading. Most operators were sidelined due to a general lack of interest. The market is waiting for this week's US Treasury quarterly refunding and further economic data announcement. Short-dates and term rates were
      311 words
    • 577 8 EURODOLLAR futures yesterday opened higher than the previous closing on speculation that Bank of Japan may buy long-term securities at the February refunding and talk of a reduced Treasury refunding package. The March Eurodollar traded within a tight range of 92.68 and 92.73. after opening four ticks higher at
      577 words
    • 1552 8 Reuter SINGAPORE: THE US dollar yesterday closed firmer mainly on short-covering interest but was below the day's highs, after a day of thin trading, dealers said. They said some late selling by Japanese exporters trimmed part of the dollar's early gains. The dollar ended firmer at 127.50/60 yen
      Reuter  -  1,552 words
    • 182 8 Indicate* Ih# tvirifi ol MKA |ka|||KA BAAAA o^§ uif prim# itnair>9 rnvi w 12 major banka In t'pora Interbank market rates (offer/bid) on Jan 25 us$ DM SWFC Y«n 7 4my% (7/1-1/4 7/1* 3/1* 3 1/1 3 1 1/4 1 4 3/1- 1/4 1 a* IS/1* 13/1*
      182 words
    • 58 8 THE OVERNIGHT rata on tha Singapora interbank market fall 1/8 point to and at 2-3/4 per cant yesterday The term rates fell 1/8 point acroas the board. S$ Interbank rates at 12 noon yesterday: orm mo o* 3 3/4 2 1/3 1-Mi* 3 3 7/1 2-m*. 3 3
      58 words
    • 86 8 Treasury bills Period Issue Yesterdoy's dosing Day's code Moturity MO om* HKJH LOW 3 month* RQ*****X 21.4.88 2.92 2.87 2.89 2.89 6 months BY*****S 30.6.88 2.95 2.90 2.91 2.91 1 year BY*****T 24.11.88 2.92 2.87 2.93 2.89 Government notes and bonds Period issue Moturity Coupon Yesterday's closing
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    • 1588 8 CURRENCY FUTURES OPTIONS MlfTfl Mam 4 iayi m |aa toy Jam wy\ mry 23 1 9M UCUII vVW-MARR M*| M M0» Ml N pm kM 0*0 Lot 0*a 55 M. CA4 M MM CAB 57 3I2A 307 2 M 200* 210 7 5» 123* 134 21» 21 to 40A
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  • Page 8 Advertisements

  • BANKING AND FINANCE
    • 347 9 Reuter THE BUNDESBANK'S shift to a slightly wider monetary aggregate for its money supply targeting does not represent a change in monetary policy, banking economists said. But the West German central bank has now tacitly accepted the more expansionary policy that was implied by the
      Reuter  -  347 words
    • 581 9 Reuter JAPANESE commercial banks, which hold soma 15 per cant of Mexico's foreign bank debt, are divided over its lateat debt plan, banking sources said. Some bankers said they supported Mexico's approach because they recognised a need for debt relief. Other bankers
      Reuter  -  581 words
    • 131 9 Bernama BANK SIMPANAN Nasional (BSN) will launch several new schemes this year to provide more banking facilities for the public and attract new depositors. Malaysia's Deputy Finance Minister Senator Mohamed Farid Ariffin yesterday said that the schemes included the "Savings for Malaysia" scheme
      Bernama  -  131 words
    • 1034 9 1987 has been a good year IHT THE INTERNATIONAL credit market made a big comeback last year, with the volume of new loans up 45 per cent to a total of US$92 billion, a whisker away from 1982's all-time high of US$96
      IHT  -  1,034 words
    • 150 9 AFP BANK OF JAPAN governor Satoshi Surmta said yesterday he expected no further decline in the US dollar for the present. Speaking at a meeting of the central bank's branch managers, Mr Sumita said the dollar had bottomed out at its
      AFP  -  150 words
    • 1058 9 IHT A SHIFT DOWNWARD of interest fifties in major markets would help the US dollar, as the difference between dollar and other rates should remain unchanged. For non-US investors looking at dollar investments this is an ideal scenario. It means that even
      IHT  -  1,058 words
    • 678 9 Reuter BIG COMMERCIAL banks in the US moving into the lucrative mergers-and-acquisitions business are being accused of abandoning and even betraying some of their long-time corporate customers. Several controversial cases have caused debate over whether a bank with intimate knowledge of a
      Reuter  -  678 words
  • Page 9 Advertisements
    • 178 9 exhibition of the A visit to Sydney, Australia during the Asian Pacific Trade and Industry Fair is a great opportunity for you to make new contacts, exchange information and ideas and foster new business for your company. On show will be a whole host of products from Australia, Asia and
      178 words

  • PERSPECTIVE
    • 487 10 BUSINESS TIMES TUESDAY, JANUARY 26, 1988 ECONOMICS IS OFTEN closely entwined with politics. In Malaysia, this truth rings louder. This is because of the acknowledged complications resulting from the racial composition of the country and the government's need to address the question of equity in
      487 words
    • 1720 10  -  New Zealand is poised to lead the western world with the introduction of a flat rate personal tax. If it proceeds, it will be the first country to throw out the standard progressive tax system. FLORENCE CHONG, who was in New Zealand recently,
      1,720 words
    • 686 10 ONE OF the world's most protected economies, New Zealand, is finally removing some of its tariff barriers to open up its market. As part of the government's plan to overhaul the country's economic policies including taxation, it has set in
      686 words
    • 1259 11 Supporters of a cut in capital gains tax have argued that it would stimulate investment and help create jobs. In the confidential draft of his legislative message to Congress, President Ronald Reagan asserts that such a cut should be a cornerstone of US
      NYT  -  1,259 words
    • 853 11 NYT THE STEEP DROP in housing starts in December reawakened worries that the US economy might be sliding into a recession and send the stock market plunging. But it appears more likely that the 16.2 per cent fall in housing starts, the worst
      NYT  -  853 words
    • 766 11 NYT BENEFITING PROM a steep, three-year decline in the value of the dollar, the tourism industry around the United States is prospering, with a rising number of visitors coming from overseas. Cities, national parks and other tourist attractions have been benefitting. The Department of
      NYT  -  766 words
  • Page 10 Advertisements
    • 313 10 ADVERTISEMENT HOT TIPS FOR THE DRAGON YEAR Will 1988 prove supersition right and be a prosperous year for investors? To help readers map their investment strategies. Singapore Business went to the experts. A survey of financial advisers from six money houses Credit Suisse First Boston (Asia) Ltd. Morgan Grenfell Asia
      313 words
    • 7 10 Keep your investment decisions on target MfeaiiHl
      7 words
  • Page 10 Miscellaneous
    • 656 10 CRYPTIC PUZZLE ACROSS 1 The dairy's best (5) 6 She gets fruit by the pound (5) 9 Withdraw from commitments even when facing them (4. 3) 10 He'll be prepared to do a good deed (5) 11 Sounds a honey of a horn (5) 12 Rhone bird? (5) 13 Always
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  • Page 11 Miscellaneous
    • 1150 11 to ac£> aaatKD il 12 7.25 PM Opening Announcement ■Mkji i H nil It rihia una rrogrommt riryniiynTi followed by Carol Bumert And PJ rnmcßi LOO Footsteps The Wonders of Ellora (See highlights). •.00 Only Fools And Horses Yesterday Never Comes. 9JO Cosmopolitan Theatre Ck f fj n i m
      1,150 words
    • 12 11 Bristol Pmniclhcker^ r&fwemejo) UP ON me 8. i+o CommuTCß s>PeciP\L ljitH Rlltmp-doun-p»nd-outs..
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  • SPORTS & LEISURE
    • 572 12 UPI DON'T LET the fact that neither Denver nor Washington is a great team prevent you from enjoying Sunday's Super Bowl. Great teams require great defences, leading to Super Bowl blow-outs. Those rare NFL championship games that live up to expectations (Pittsburgh-Dallas in 1976 or
      UPI  -  572 words
    • 267 12 NYT WHEN BILLY RAY BATES was signed by the Portland Trail Blazer* out of the Continental Basketball Association in 1960. his acrobatic slam dunks and spinning moves to the baaket made him an instant crowd favourite and earned him a nickname: the great legend of
      NYT  -  267 words
    • 266 13 AP COACH lAN BARCLAY received a number of telephone calls threatening Wimbledon champion Pat Cash during the Australian Open. The Melbourne Sun said yesterday that Barclay and his wife, Jackie, both received calls before and during the two-week event, which ended on Sunday with
      AP  -  266 words
    • 227 13 AP WITH THE last two players of the year unable to make a move, Jay Haas needed only a 2-under-par 70 final round to score a 2-stroke victory on Sunday in the Bob Hope Classic. Haas, who led or shared the lead throughout the last
      AP  -  227 words
    • 565 13  -  By WALTON MORAIS IN THE CROWDED tournament office that doubled up as ar press conference room, Greg Norman flashed his disarming smile and made little of the question. "I was trying to play a driver out of the fairway and I pulled it into the
      565 words
    • 88 13 Reuter TOP-SEEDED Jahangir Khan of Pakistan overpowered compatriot Umer Hayat 9-0 9-2 9-1 on Sunday to win the Asian Squash Championship in Kuwait. The former world champion won in a mere 29 minutes against an opponent who appeared tired after a tough semi-final on Saturday against
      Reuter  -  88 words
    • 253 13 Reuter WORLD SQUASH CHAMPION Jansher Khan, who won eight Grand Prix titles in 1987, added another to his collection when he defeated Australian Brett Martin 10-8 9-2 9-0 in the Blois International final on Sunday. Fifth-seed Martin, playing in his first Grand Prix
      Reuter  -  253 words
    • 278 13 Reuter CANADIAN SPRINTER Ben Johnson came within a whisker of both shattering his own world record and suffering a potentially-serious injury in a 60-metre race at the University of Sherbrooke Indoor Athletics meet on Sunday. Johnson, who holds almost every sprint record, fell six one-hundredths of a
      Reuter  -  278 words
  • Page 12 Advertisements
    • 781 12 Uti m h The Baron's Smorgasbord It's as good as a trip to Sweden. And with the delicious variety of our Smorgasbord spread, youU want to go back to the buffet table for more refills. The Royal Smorgasbord buffet dinner, from Jan 26 to Feb 12, at $38++ per person.
      781 words
    • 276 12 W A TASTE OF 5? YUN^ (People's Republic of China) Seven of Yunnan's most famous chefs, all of whom have catered for top dignitaries will V|Vy prepare 40 specialty dishes for /jJ JKB There will be a choice of four set k menus for tables Jf mm of 10, plus
      276 words

  • Page 13 Advertisements
    • 261 13 übertus d)rtfl 53 a *W£*u. V. TV -j *> So much to choose for only $18.50. A sumptuous spread with many different types of appetisers, hot and cold soups, a salad selection ...superb pastries, truffles, fortes cheese board, fresh fruit...freshly brewed coffee All for $18 50 And for $26 50
      261 words
    • 145 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 Weshn Plaza Raffles
      145 words
  • Page 13 Miscellaneous

  • STOCK EXCHANGE OF SINGAPORE
    • 4120 14 THE SINGAPORE market cloeed marginally higher over a broad front but off the day's highs in very quiet trading yeaterday. The market opened higher on bargain hunting and short-covering following gaina on Wall Street and other mejor markets. But profit-taking in the afternoon pared
      4,120 words
    • 210 14 SINGAPORE Rises OSS 9U OUI 130 SIA tfO S'H 735 *»*a 900 499 Cai**»n 474 Saa* SNftwW 343 ■M"' Cimpm 30* VOS 4*0 M 45* MWa 37* Whm 354 Falls Mw'Ml 4*3 15 14 10 10 10 10 10 10 7 -10 -s m irKSICM k la*
      210 words
    • 3226 14 BID and offer prices officially Mated and bodnca to »"H reported to the Stock Exchange of Singapore yeaterday with the number at rtiarea traded «hown in brackets in lota of 1,000 unita unless otherwiae specified AH Time Settlement Contracts are quoted after the word "SETT'.
      3,226 words
    • 113 14 MALAYAN BREWERIES UmAed: 44th AQM At OCBC Centre, 19th Storey, Singepore 0104, todey, Jen 26, at 11em. UNITED MALAYAN FLOUR MILLS Bertiad: AQM at the Conference Room, Shan-gri-La Inn, Jalan Magazine. Penang, today, Jan 26, at noon. RETALINQ TIN Berhad: 62nd AQM at let Floor, Straits Trading Building,
      113 words
    • 270 14 Mooogtn' prim for Jan 26 > Japan Gr h«d Sfcal— TV* Fund UOB Manoga UnM 145 OJO IX OX Singapore Unit Trust fnont 082 OX Th* Co ■■TO on 0* LKubond* 0« IDt Th* Sovmgs hind 081 017 S port Prog hind 037 041 MARA-Bymipvtra S'por* W Fund
      270 words

  • COMPANY NEWS
    • 754 15 mob HOCK LOCK SIEW IT WAS an anti-climactic end of a dream for Malaysian businessman and former politician, Tan Koon Swan, 47. His vision of a business empire, created out of nothing but a shrewd business mind, a sea of paper and virtually unlimited infusion
      HOCK LOCK SIEW  -  754 words
    • 319 15 Bernama ES DUNLOP MALAYSIAN Industries Bhd (DMIB) has set up a jointventure firm with B F Goodrich of the US to manufacture aviation tyres and service the aerospace industry in the Asia Pacific region. The new firm, BFG Sime Aerospace Sdn Bhd, will make Malaysia
      Bernama ES  -  319 words
    • 539 15 LAST FULL YEAR Company Period Dai* Year Net EPS Gron Net profit ($•000) announced Ian year •nding (cents) dtv NWbea Interim Jul 21 Sep 87 169 23.0 2.907(g) Tokyu Land Interim Aug 22 Sep 87 30 9771(d) Dvta Cora Final Aug 28 Dec 86 4.8481 Fed Cables Final
      539 words
    • 146 15 Reuter ARAB-MALAYSIAN Merchant Bank, Malaysia's largest merchant bank, has reported a pre-tax profit of M 524.2 million for its first half-year to September 1987, marking a 23.5 per cent rise over the same 1986 period. The unaudited results of the bank also included the
      Reuter  -  146 words
    • 443 15 Current Ex Book* Dele Total lor Total lor payment dele CloM payable lite year last year A 1 S B 5% lb) Dec 18 Jon 7 Feb 8 5% 5% AMDS l%tbi Feb 2 Feb It Mor 17 1% 1 2%to) Amol St Ml 8%TEIbl Dec 2 Dec
      443 words
    • 509 15  -  Similarity to SES scheme except for cash market By ROSIE TAN THE KUALA LUMPUR Stock Exchange is finalising details of its proposed share delivery and settlement system which is similar to the one it turned down when the system was introduced on Sep 7
      509 words
    • 485 15  -  By LISA LEE TUAN SING Holdings Ltd and its subsidiary SPP Ltd have managed to stage a modest turnaround despite having to bear heavy interest payments. For the year ended Dec 31, 1987. Tuan Sing, which recently won approval for its loan restructuring exercise,
      485 words
    • 152 15 Bernama ES FABER MERLIN Malaysia Bhd has stopped operating two of its five hotels in Johor as part of its on-going divestment exercise. The group has ceased managing Merlin Inn Resort Desaru from Jan 1 and Merlin Inn Segamat recently. The management
      Bernama ES  -  152 words
    • 642 15 NST EDIBLE OILS market leader Lam Soon (M) Bhd. which scored a "first" in the industry when it used palm oil for cooking oil, has geared itself for further integration upstream in its plantation operations and downstream in manufacturing. The company
      NST  -  642 words
  • Page 15 Advertisements
    • 224 15 SEMINAR ON GLOBAL ECONOMIC UNCERTAINTY AND FINANCIAL CRISIS IMPLICATIONS FOR SINGAPORE BUSINESS Organised by: a THE ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES Friday, 12 February 1988. 8.30 am to 9.00 pm Tongiin Room, Shangri-la Hotoi SEMINAR PROGRAMME TOPIC I THE INTERNATIONAL ECONOMIC AND TRADING SYSTEM Professor Lee Soo Ann School
      224 words

  • REGIONAL MARKETS
    • 293 16 Reuter THE OCTOBER market collapse last year has virtually wiped out Rada Corp Ltd's shareholders' funds which, depending on valuation, could be substantially negative. Commenting on its half-year result to Sep 30. Rada said in a statement that shareholders' funds had been reduced since
      Reuter  -  293 words
    • 174 16 Reuter ASAHI Glasa Co Ltd plana to expand its overseas operationa by setting up sales subsidiaries in Hongkong and the US and participating in cauatic soda production in Taiwan, a company spokesman said. Aaahi plana to set up a US sheet glass sales subsidiary, Ama Corp,
      Reuter  -  174 words
    • 3383 16 SHARE prices closed mixed to slightly easier on the Kuala Lumpur Stock Exchange yeeterday in fairly active trading. While double-digit advances were confined to handful of counters, especially among the higherpriced issues, gains overall were mostly below five Malaysian cents. On the whole, the market indicated
      3,383 words
    • 422 16 Reuter SHARE prices closed up in light trade on a cut in the Japanese long-term prime rate which resurrected memories of last spring's "triple merit" market, brokers said. They said the three merits of a strong yen, low oil prices and low interest rates enticed individuals and foreigners into
      Reuter  -  422 words
    • 149 16 Reuter THE SECURITIES Exchange of Thailand Index was down 0.95 point to 317.85 yesterday on a turnover of 2,565,861 shares worth 273.96 million baht. Reuter jan a li BAHT +/t 2 1 308 M 317 o-4nd uncfi -2 Bank Of < AyvK j Th Jhya 312 -4 Ctvttrooot •i
      Reuter  -  149 words
    • 241 16 JAM U AH Sincere Indus. Asia Cement NT 1 2.31 72 00 unch 3 Kuochan Dav Las Chang Yuan Cham Indue Lien Hwa Indus Nan Ya Ptas 44 40 36 40 40 JO 98.50 2 22 2J 35 Cathay Cons 75 50 4 56 00 2.5 Chang Hwa Bank.
      241 words
    • 80 16 mm a POM Oriental B PttH Ovotmm PhMex B ***** 008 0.84 •0 008 -0 0028 -008 Anglo PNt 008 •0 002 Ptcop B Apox Mining B A«m Con 8 Baguto QoM 0 04* 33 •0 0038 -15 PLOT. Bw Miguel B 186 130 •1 •1 •*■0 001 Bute
      80 words
    • 119 16 MARKET SUMMARY Slock Intfta SM Lad Open lew Vol lurae Change HS Index 2407 2.422 2.440 2.402 -15 HS Spot 2.392 2.490 2.450 2.390 446 -18 Yi HS Finance lltfd( ly't dote IMS 32 Preview doae 1.622 86 Otange -17-54 HS Utilities 3.***** 3.***** +18.96 HS Property 3.257.79 3.291.30
      119 words
    • 1229 16 Reuter SHARE prices closed lower yesterday after a day of sluggish trading that featured light selling pressure from US institutions. brokers said. The Hang Seng index lost 15.09 points to 2,407.29 after an early surge of 18 points. Turnover shrank to HK5522.28 million from HK5868.20 million on
      Reuter  -  1,229 words
    • 117 16 MM a MOM KM KMUD ing Kia Motor ***** •100 KX •340 Own Sugar OMttm tnd. Daawoc Corp Dmwoo Haavy.... Diiihln SiCunHii Dong Ah Phar Dong Suh Stock. ***** 2M00 1(700 13*40 mop 10*00 4M00 •rah 000 1100 40 1000 •100 2100 100 -000 340 -00 -100 Katon M.
      117 words
  • Page 16 Advertisements
    • 515 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 DANOMS PRIVATE LIMITED (In Members' Voluntary Liquidation) Special Resolutions At An Extraordinary General Meeting of the members of Danoms Private Limited duly convened and held at 111 North Bridge Road #12-01 Peninsula Plaza, Singapore 0617 on 20th January 1968 the
      515 words
    • 460 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CHIN HUNG CONSTRUCTION (S) PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed company duly convened and held at 52A, Telok Ayer Street, Singapore 0104 on
      460 words
    • 467 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VIENNA CRYSTAL PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of VIENNA CRYSTAL PTE LTD duly convened and held at 101 Cecil Street #15-01/03. Tong Eng Building, Singapore 0106 on
      467 words
    • 358 16 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND CHUA BOCK KWEE ft CO (8) PTE LTD (Incorporated in Singapore) At an Extraordinary General Meeting of members of CHUA BOCK KWEE CO (S) PTE LTD duty convened and held at 190 Middle Road. *16-03 Fortune Centre, S pore 0718
      358 words
    • 8 16 jIITM manage. BT shows you how every Monday
      8 words
    • 11 16 Tho Sydney mart at nm closed yo«tord»y for a public hoJklay.
      11 words

  • INTERNATIONAL COMPANY NEWS
    • 483 17 Reuter ADVISERS to Britoil PLC. facing a controversial takeover bid by British Petroleum Co PLC, emphasised that other companies can still bid for key Britoil shares held by Atlantic Richfield Co (Arco). But Michael Richardson, managing director at
      Reuter  -  483 words
    • 270 17 Reuter GUINNESS PLC had accused the UK Takeover Panel of acting "unfairly and unlawfully" in its ruling that Guinness acted unfairly in its £2.7 billion takeover of Distillers PLC in 1986, UK national news agency Press Association reported last week. On the fifth
      Reuter  -  270 words
    • 688 17 NYT LAWYERS for Texaco Inc, after a victory in a key battle in bankruptcy court last Friday, are gearing up for a new round of legal wrangling this week, this time over a disclosure statement that is intended to provide the details
      NYT  -  688 words
    • 123 17 HONGKONG Hongkong Index Mondoy 1.***** Friday 1.***** Week ogo 1,642 39 Hang Seng Index Monday 2.***** Friday 2.422 38 Week ogo 2.512 19 All Industrials Monday Closed Friday 2.0022 Week ago 2.001 2 NEW YORK Dow Jones Friday 1.***** Thursday 1,879 31 Week ogo 1.956 07 TOKYO Nikkei
      123 words
    • 514 17 Reuter EASTMAN KODAK CO. which wrested Sterling Drug Inc from the clutches of F Hoffmann-La Roche with a bold US$5.l billion takeover bid, is expected to finance the acquisition through massive borrowings. "They're going to have to do a heck
      Reuter  -  514 words
  • Page 17 Advertisements
    • 1387 17 ffmni TUAN SING HOLDINGS LTD A (Incorporated in the Republic of Singapore) IQUy ANNOUNCEMENT The director* of Tuan Sing Holdings Limited are plaaaad to announce tho unaudited pretlmtoery Company and of tha Group tor the financial year andad Slat December I*7. T»« T>€ ssooo ssooo ssooc 50.060 79.519 2. Investment
      1,387 words
    • 1008 17 SPP LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT in# aifvClon Of arK urnnta trt pttttta 10 innouncf um unauanM pftiimiwy Company and of the Group tor tha financial yaar andad JlBt December I*7. ssooo ssooo 3S 63 SM(150) 1322) 3J70 2JHO (1MB) (1596) (1.940) (2J226) o«» gsi nasi a>»
      1,008 words

  • 426 18 IN A MOVE to broaden the scope of its aircraft upgrading and retrofitting business, Singapore Aircraft Industries yesterday announced that it had acquired a 20 per cent stake in Eidetics International. This comes shortly after the company, together with Singapore Technology Corporation, raised the
    426 words
  • 497 18  -  Changi Airport aiming for 750,000 tonnes by 1995 By WILLIAM CHIA CHANGI AIRPORT is targeting to handle more than 750,000 tonnes of cargo annually by 1995, nearly double the 400,000 tonnes it handled last year, according to the Civil Aviation Authority of Singapore (CAAS).
    497 words
  • 236 18 AFP THE HIGH COURT in Kuala Lumpur yesterday postponed by 24 hours its hearing of a suit challenging Prime Minister Dr Mahathir Mohamad's election as leader of Malaysia's largest political party, lawyers said. "We asked for a day for both parties to agree on
    AFP  -  236 words
  • 80 18 Reuter A NATIONAL Chinese stock exchange is likely to be set up in Shanghai where several securities companies are being established. The China Daily yesterday quoted Luo Shilin, vice-president of the Shanghai branch of the People's Bank of China, as saying the city had the experience to
    Reuter  -  80 words
  • 181 18 AP FOREIGN MINISTER S Dhanabalan arrived in Jakarta yesterday for five days of talka with President Suharto and other Indonesian officials aimed at promoting closer ties between the two countries. Mr Dhanabalan is expected to focus on building deeper bilateral
    AP  -  181 words
  • 283 18 PRIME MINISTER Noboru Takeshita yesterday renewed his vows to open Japan's markets wider and limit its military capability, but hedged on the issue of easing import barriers on agricultural goods. In a wide-ranging policy speech to Parliament, the new premier emphasised the need for
    283 words
  • 111 18 Reuter JAPAN'S position as South Africa's top trading partner is causing foreign ministry officials embarrassment and prompting accusations that Japan is filling the trade vacuum left by US firms which have withdrawn. According to official Japanese figures. Japan became South Africa's number one
    Reuter  -  111 words
  • 384 18 AFP THE PHILIPPINE government is preparing this year to destroy the nationwide political network of the communist insurgency, Defence Secretary Fidel Ramos said in Manila yesterday. General Ramos, who retired as Armed Forces Chief of Staff last Saturday to join the Cabinet, told the Senate
    AFP  -  384 words
  • 389 18 A JAPANESE joint venture company which supplies consumergrade printed circuit boards (PCBs) has decided to invest $46 million to expand its production capacity in Singapore. CMK Singapore, a 50-50 joint venture between CMK Corporation and Sumitomo Bakelite, launched a three-year plan last
    389 words
  • 453 18 A SINGAPORE-JAPANESE computer manufacturer, set up only 14 months ago, is confident of increasing its 1967 sales of $18 million to $35 million this year. Logicraft Products Manufacturing Pte Ltd believes that it will succeed in winning orders now under negotiations with some
    453 words
  • 97 18 Reuter COMEX gold futures drifted lower in dull morning dealings yesterday, reflecting the lacklustre showing of the dollar. February gold was off US$l.lO at U*****.70 an ounce after coasting between U*****.90 and U*****.10, the smallest range in recent memory. The overnight trading area was also unspectacular
    Reuter  -  97 words
  • LATE FILE
    • 51 18 AFP TAIWAN is to upgrade and expand its trad* representation in Hongkong to strengthen further its bilateral trade and investment relations wMh the British colony, the Economic Dmity Nows reported yesterday. Taiwan's unofficial trade office will soon be renamed the Far East Trade Service Centre.
      AFP  -  51 words
    • 47 18 Reuter TWO former executivee of a Hongkong bank yesterday denied charges of conspiring to defraud shareholders of US$l2O million, court officials said. Lee Hoi-kwang, 45, and Wai Yu-cheng, 36, formerly of the Hang Lung Bank, denied conspiracy in a wide-ranging cheque fraud. Reuter
      Reuter  -  47 words
    • 63 18 Bernama THE Coroner's Court In Penang yesterday poetponed to May the preliminary inquiry into tha death of millionaire Mr Loh Kah Keng who waa found deed in hit Tanjung Bungah bungalow neerly a year ago. The coroner fixed the inquiry for Mey 0 and 10 aa
      Bernama  -  63 words
    • 73 18 Bernama THE Malaysian Defonca Ministry will carry out a thorough probe into how a sizeable amount of munitions came to be found on former mining land at Kampung Kubang Lintah, Bukit Panjang. neer Alor Setar, laat Saturday. Deputy Minietar Datufc Abang Abu Baker Muetapha aaid
      Bernama  -  73 words
    • 58 18 Reuter THE Sri Lankan military is training about 20,000 people to protect Members of Parliament ageinat an outlawed political group, Janatha VK mufcthi Peramuna (People's Liberation Front), which murdered government supporters. Military officials said yeeterdey about 10,000 people heve elreedy been trained es "home guerds"
      Reuter  -  58 words
    • 59 18 AFP ITALIAN Treeeury Minister end Deputy Premier Giuliano Amato yesterday seid he favoured the creation of a European central bank, saying it was e necessary step in the unification of Europe. French Finance Minietar Edouard Balladur and Premier Jacques Chirac have recently celled for the creation
      AFP  -  59 words
    • 42 18 AFP SWEDEN said it had closed for lack of conclusive evidence an official investigation into allegations that the Swedish arms manufacturer Bofors paid millions of dollars in bribes to secure an arms contract with Indis in 1986. AFP
      AFP  -  42 words
    • 34 18 AFP JAPAN intsnds to promots intsrnstional coopsration against tsrrorism following the alleged ssbotsgs of s South Koresn jstliner by North Korea, Prime Minister Noboru Takeehita told Parliament yesterday. AFP
      AFP  -  34 words
  • Page 18 Advertisements
    • 95 18 See Page 2 INVEST-A-MATIC A NEW SERVICE FROM encsons Vital information for Fundamental and Technical Analysis is now instantly at your disposal with Invest-A-Matlc 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
      95 words
    • 261 18 Perfect sleeping comfort that's what you CT VAade in Australj a <******>0000 Supa Pillow Gives firm, yet resilient support whether you're resting in an armchair, reading in bed or watching TV m bed Acts like a comfortable armchair in bed Ideal for convalescents and nursing mothers Available at Robinsons Centrepoint.
      261 words

  • SHIPPING TIMES
    • 463 19  -  By JUNE LIM CONTRACT for the construction of two fuel-efficient, contain* ships hsvs been swsrdsd to Howaldtswerke-Deutsche Werft by s Singapore-Swiss vsnturs. The ordsr for the two 2,100TEU vessels to be built under the West German "Ships of the Future" project
      463 words
    • 197 19 AFP JAPAN'S first and aole nu-clear-powered ahip Mutsu will shortly resume teats on its reactor after a 14year break, officiate said. The tests became possible under an agreement aigned on Sunday between the Japan Atomic Energy Research Inatituta and three
      AFP  -  197 words
    • 183 19 THE PORT of Singapore Authority waa voted the beet seaport in Asia in the Second Aaian Freight Industry Awarda organised by a regional intermodal publication, CargoNews Aeia. It beet last year's winner Hongkong. Kaohsiung. Port Klsng and Kobe for the top spot. Readers of
      183 words
    • PORTSIDES
      • 68 19 Reuter THE BAY of Bengal/Japan/Bay of Bengal Conference will cut the bunker surcharge on shipments to Bangladesh to 14.5 per cent from 17.6 per cent. It said the surcharge on shipments to India will be cut to 13.5 per cent from 16.4 per cent, while
        Reuter  -  68 words
      • 156 19 AP SOUTH KOREA'S ocean-going merchant ships declined in number last year, but the fleet s total tonnage increased from 1966, a government report said. The report by the state-run Korea Maritime and Port Administrstion said the number of oceangoing ships decreased by
        AP  -  156 words
    • 330 20 Reuter SEA CONTAINERS said net earnings and earnings per share for 1988 will set records. The company did not offer a specific prediction. It said the results would be achieved through strong performance by its container leasing division and improved performance
      Reuter  -  330 words
    • 265 20 AFP THE RECENT accumulation of very large crude carriers (VLCCs) available in the Middle-East Gulf accentuated over the past week on the tanker market leading to a "dramatic" weakening in rates, London brokers E A Gibson said in their latest report. But the brokers added that it was
      AFP  -  265 words
    • 169 20 LEADING Singapore shiprepairer Jurong Shipyard has completed a $2 million conversion job on the Spitha (ex-Silver Ace) from a car carrier to a bulk carrier. Work on the 27,860 grt Spitha, owned by Ef Shipping of Greece, was completed in less
      169 words
    • 773 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Oceon X 2 AJItrant v« 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 AfC line V 4 API III 2/3 Arrow lines IX 5 ASCI III
      773 words
    • 1587 20 A SLIGHTLY easier trend is reported for some Panemax bulk carriers engaged in grain business out of the US on Friday, shipbrokers Mid. A vessel wss fixed for ■bout 57,000 long tons of grain from the US Gulf to Rotterdam at U*****,000, which is reported to equate to
      1,587 words
    • 222 21 THE THAI Communications Ministry is on the verge of entering into a deal with Swiss-based IMM to salvage the financially troubled Thai Maritime Navigation Company. The miniatry already had five meetings with IMM and considers its proposal to revive stateowned TMNC as highly feasible.
      222 words
    • 297 21 Lloyd's List THE SHIPPING Corporation of India is facing substantial claims from importers who lost consignments in a SCI vessel which sank off Japan last year. More than 30 consignees, including several public sector units and insurance companies, have filed an
      Lloyd's List  -  297 words
    • 59 21 AFP PORT OASIM, Pakistan's second major seaport 50km east of Karachi, resumed operation after tying idle tor more than six weeks due to a prolonged labour strike. The strike ended last week following talks between the port officials. representatives of the two cargo companies, who
      AFP  -  59 words
    • 7425 26 3®aBG)(IEB 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
      7,425 words
    • 1306 27 AT CONVENTIONAL WHARVES Naa Poo »onol Jayo k lady O J* *****KB 2601/1330 2701/2300 3001/IKB Fart at P>ap*a JI2 ******00 2701/239* VNNI Sarth Arrival Departure Pro) yauui J10/11 2601 /2JS* *****KB KEPPEL WHARVES P HWAQVO J10/11 *****730 2601,7330 Sob ang loyo a *****700 2701/2300 April Glory *28
      1,306 words
  • Page 19 Advertisements
    • 638 19 TIMES KOC STP Distributors OOCL Cmtaitm Uwt jJKSW MPFMS AOENCKS (Iky. I «tl||# CanMawiM fcad #12-06 SwApwt Ml If/ T« *****1 TUfX NO IB »17» irffmßf|TDMNMl/CPS TM 380(11 22D r*SsyJ»o««s T«iaMM-» KM— —mm aopwi iwn mm mmm mdicci m ms. •OUT KEIAM TIL 30M1U TsM Us. MMM77MA3POI ENAM Ta WM4
      638 words
    • 59 19 SEA CONTAINERS sold net earnings ond earnings per share for 1988 will set records. P«g« H THE THAI Communications Ministry Is on the verge of entering into a deal with Swiss-based IMM to salvage the financially troubled Thai Maritime Navigation Company. Index to advertisers II Shipping icheduiet VW London freights
      59 words
    • 561 19 BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****33 MAERSK LINE 1 FOR FAST TRANSIT TO LE HAVRE USE MAERSK LINE Tha Ml Lau* M Ctoamg Tm CY 27/1 2300 MRS CFS 27 /I 1300 MBS To
      561 words

  • Page 20 Advertisements
    • 592 20 '£2 COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE WEDITERRANLAN WEST AFRICA FtUXSTOVE ET* ROTTERDAM ETA nii.'invi.U 810 fcae—w*■ rfl sad «Hf h*«*EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/ MARSEILLES 16 DAYS SINGAPORE/ BARCELONA (DIRECT) 17 DAYS OuTBOUND TO MEDITERRANEAN IF 1 SPORE MARSEILLES BARCELONA ETA/CTO HA ETA NBOUND
      592 words
    • 17 20 Lines and services represented by ■Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 277 20 aaaa 2! r Optorg Shipping Pte. Ltd lEL M A v V SAN LUIS 1« SAN JUAN 210 S O ESTERO 11/4 •Sub)*) to Mmbm P.njfif 081 C. Tun tto Saatot W*tm ■MM ir E r E E fff I W> 5 E Q EARBULK LTD a9m»m *+> n *i
      277 words

  • Page 21 Advertisements
    • 744 21 The Straits Steamship Group I STRAITS SHPPING f Singapore to Sabah, Sarawak, Bmmi Ports and Bangkok i Mansfield Container Shipping Re Ltd p&o Coataiaers Limited jE a v. Ioli.fi > a. an or emnwmcm LASH MT now now express CAMSKAM MT RHHK IMU TOKM EXPRESS KMMLOON MY KHAVON OSAKA MY
      744 words
    • 780 21 Now,"K" Linejs Sea Rail service blankets the U.S.A Hong Kong Seattle Deltas Korea Long fi ttoscn Taiwan Singapore l Port Keiang 44 Penang Chicago U New Ybrtc a Columbus Atlanta Houston oriMns "K" Line's Pacific Southwest/ChicagoNew York Double Stack Train (DST) service route is joined by a new Pacific/ Gulf-Atlanta
      780 words

  • Page 22 Advertisements
    • 283 22 *5 CONTAINERSHIP SERVICE TO UK/CONTINENT Hapag-Lloyd CONV/SEMI CONTAINER SERVICE TO EUROPE CONV/SE MI-CONTAINER SERVICE TO MED EUR OP f CONTAINERSHIP SERVICE FROM UK CONTINENT 16/3 11/3 19/3 2/3 j 71* mj L Agents 7/7 Singapore *****00 K. Lumpur *****25 Booking *****08 P. Kelang *****18 CFS *****40 CFS *****50 Penang *****7.
      283 words
    • 550 22 JtG.S.LINE fit c•*>»**'"» may conmiwris[d 10 from north swrica #fS' co»si •FDR/MOTHER VESSEL KCH ME/KOREAN WON IS SEVEN 47E NO 73E/PACIFIC PROSPERITY 15E OCN 57E KOREAN WONIS SUN 69E KJJ 42E/KOREAN WONIS ONE 076E KJW (lE,KOREAN WONIS ONE 76E CONVtNTIONAL SERVICE TO PERSIAN GULF VESSEL WONSBON KUANTAN S PORE LOADING
      550 words
    • 267 22 T/a FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CHITTAGONC: SAILING 30/1 5/2 EURO-AFRICA LIMP FOR: PORTO, LISBON, ORAN, BILBAO 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 6 KIMBE NOUMEA 21/2 SUVA/LAUTOKA
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    • 1230 22 m r JC&2 EVERGREEN Full Container St rvicr Round-The-World East Bound (FE/CARIB/USEC/EURQ/FE) EVER GROWTH mi m ifl *2 *2 I*2 U/2 71 EVER GUANO 5a *2 U/2 U/2 I*2 M I*7 M ever greet w na m 2*2 2*2 2/3 S w EVE* GLOBE 2/3 *3 1/3 10/3 13/3 15/3
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  • Page 23 Advertisements
    • 727 23 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 1 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANC CONTAINER SERVICE I BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE RED SEA/EAST AND WEST AFRICA SERVICE KARACHI/M.E. GULF SERVICE MALAYSIA SHIPPING CORPN SDN. BHD. FULL CONTAINER
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    • 513 23 \a BEN LINE CONTAINERS TASMAN JEBSEN NEW ZEALAND LINE 'TO NEW ZEALAND, NEW CALEMNIA 1 FIJI AND SOOTH PACIFIC ISLANDS JEBSEN SOUTHLAND 21S SIN NOUMEA AKL TGA NAP TIM TIM/LY TIM/ON BLUFF 5/2 29/2 3/3 6/3 8/3 10/3 IQ/3 10/3 U/3 ANANGEL LEADER VOY 7S SIN NOUMEA AKL TGA NAP
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    • 503 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD FX 6ESURI LLOYD ft. umam indoresu p.t. trikora lloyd EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE UNO* CAMA/20WB MATARAH/2Mt S PORE BILBAO 2*31/1 VI 14-14/2 24-2*2 Antwerp A DAM R DAM H BUR&BREMEN tn w I*3 I*3 3*3 2/4 Sub|*ct to
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    • 314 23 BOUSTEAD SHIPPING AGENCIES MYOMA r«A VIOBW PAGAN VI23W PA AN VI2OW MAWLAMYAING V/ 37 BURMA FIVE STAR (Burmese National Line) pore P.Kelang Penang Bangkok NORTHBOUND TO UKC SPORE RDAM HULL HMBG MORAYBANK V4N 27/1 15/2 23/2 19/2 CLYDEBANK V22N 13/2 5/3 13/3 5/3 FORTH BANK V2IN 26/2 19/3 27/3 23/3
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  • Page 24 Advertisements
    • 1278 24 ATLflrmc cnftsi (Round-The-WorW Service) •PK/PNG SPORE LB CHLS NFK NYC HFX ORIENTAL FORTUNE V 7 sid M Jan 20 Feb 1 Mar 3 Mar 5 Mar 9 Mar NEPTUNE JADE VII j jn 4 Fab 27 Fat) I Mar 10 Mar 12 Mar 16 Mar ORIENTAL FAIR V 7 6
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    • 648 24 m INDIA EXPRESS CONTAINER SERVICE THCOOOD rONTANE V 14N LOTTE SCMEEI V J1 INDIAN COURIER V 2BN PRELUOE V.t-1 S O A PRAOESH V *M THEOOOR FONTANE V ISM LOTTE SCHEEL V 32 PRELUOE V 71 INOIAN COURIER VJM 10. NACALANO V 3BH THEOOOR FONTANE VUN CakattiMl CkMMrMMM/Cjtcottj "an*ti R«mo»v
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    • 621 24 STRAITS/PERSIAN GULF SERVICE: GOLDEN HARVEST Cotanbo/Karac»»/Ou** GOLDEN HAVEN Cotemto/KjradH/DubM CHINA SERVICE A VESSEL SJ»n(h»«/Mwik*n Ml TUN SMAN Shwi|hwWwiUn| GOLDEN LINE GUAM GUAN SHPfMG (PIE) LID a. Tatot Arw Street Singapore MM m nam <» lines) f« bom IILF SERVICE: S'm PKeta* Pw»n bo'Kar»d»i/Outw 10 F«0 'KjradH/tMw Ufllf*- tng M/2J Ja«
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    • 468 24 EAST/FAR EAST mm asnfc ryn N ROW mm KFELUNG 1 'T:::- 1 «u ,'ES PHILI OriICNT LIN€S PT€ LTD ha: c f cr tj poi sscn poad IfPO A 1 APj iD'Wj. S NGAPO e f C'!s Tf. f B.S 28??P PH li »A* c s**6 lON. F STONE. S
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  • Page 25 Advertisements
    • 642 25 \\NEPTUNE ORIENT LINES LTD J FAR EAST/HMOPE FULLY CMT AMBUSH) SERVICE a TO EUROPE/UK (VIA SUEZ): s TW MIDGE 41N (2*l) 31/1 11/2 Q» BRIDGE IW.— (3/2) V 2 24/2 ss bmdge m— s/2) m 2S/2 KCNANam (12/2) 14/2 3/3 ACONCOROII*. (19/2) 21/2 10/3 0 CMC? m (2«/2) 21/2 17/3
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    • 304 25 HEUNG-A SHIPPING Korean Flag Vessels .9 SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN INCHON Vessel t Nam* ETD BS IKK •Cloria/»lN 09/01 20/01 BOCHURN/MN IS*l Na Donsm/KIN IS*l 27/01 No C Dorvtni/lOIN JMI #2* Na I Do«am*olN 2MI 01/02 Na 7 DonamWlN 01/02 12*2 ®*2 IMB Na 9 Denam*R2N
      304 words
    • 668 25 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. mjm mnumbuhb«ma co son. bno sr.aursm»ac&"sttr tvassssteirsßinK PASIR GUOANG: rJ. MPfNK AODKT SON. MO R. I—g 9S-A,
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  • Page 26 Advertisements
    • 295 26 Vtß DEUTF RACHT SEEREEDERE I RJST( INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO- Adapting cargo tar INDIA Bombay, Cochin, Madras t Calcutta "VIA LARNACA: Accepting cargo tar Lattaka, Piraeus, Thessatomki, Izmir. Istanbul, Mw, Lmwssol. Beirut Aleundna, Port Said, Iraqi, Iranian "**A<x»»»mg carp tar Honf Kong, Buian Tokyo and Kate REGULAR CONVENTIONAL
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  • Page 26 Miscellaneous
    • 158 26 Regional Weather Va a v ri SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.90 A.M. THIS MORNMa LEGEND: *C d Wmd direction with speed m knots Wove height One hoM Heche represents 5 knots R Thunderstorm Temperature c X\ Weather ~S Wmd direction with speed in knots Rom Cloixt* Sk, height
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  • Page 27 Advertisements
    • 972 27 onterm REGULAR WEEKLY CONSOL SERVICE LCL/FCL TO: 1'1.1LU11,,,!, Also to othar destinations SHENZHIN CHINA LINES Sinppore to »H chinos# ports and inland dostmatwra Pteaso call CONTERM FREIGHT (F.E.) PTE. LTD. T*<: 225*33 Fax: *****53 Tli: RS ***** CONTEM CONTERM FREIGHT SON BHN, PORT KELAMQ T«4: 03-*****94, 3SSS2O7 /SE IZUMI LINE
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    • 206 27 UNIPACIFIC TRANS TRADING AGECY PTE. LTD. fuj IRAQI LINE I' •ac s*a'( sf 'MBjro* EAST BOUNO SERVICE ETA S'PORE LOADING FOR ALFARABI W Japan M SINOBAD an Jmn WEST BOUND SERVICE HA SPORE LOAO4NC FOR MV ALFARABI W Jaittah. Aqaba. THROUGH B/U to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UfTO
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  • Page 28 Advertisements
    • 330 28 ■< liai Sun Hup Co (Pte) lAc( rf t i ti Ms ."".'Otii us «>n*;? \s|| K\ i \k I I\ I K i II > STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS smMu an •Subject to carvo inducen "Loading for Takamtsu NOTE: ALSO CALLING OTHER JAPANESE PORTS,
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    • 444 28 nmcnr FOR reliable and fast transit WEEKLY FCL SERVICE Halifax. Montraal, serving GULF Savannah, Km, RaMle. Nn Orleans, HoMtan/»ii Cruz. Maiico City/ FRENCH M»tt Port D« Franca. Paintra A. rari D. Camas. -"Tj COLUMBUS'LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) V EXPRESS SENt-COWTWNEfI SERVICE TO NORTHBOUND TO UKC S'PORE
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    • 194 28 11l LCL WEEKLY SERVICE TO: ROTTERDAM SYD/MHJ ADELAIDE 28/1 (transit timo 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY CON-CARRIER 55/87 CON-CARRIER 56/87 ETD GERMANY ETA S PORE 14/1 4/2 a/i ii/ 2 LCL SERVICE TO CARRI6EAN PORTS ST. VINCENT, GRENADA, ARUBA, GRAND CAYMAN, BERMUDA, BELIZE, HAITI, DOMINICA, BARBADOS. WE ALSO
      194 words
    • 577 28 CALL US AT: P. KELANG PENAMG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****3/*****1 •04-€*****/4, *****3 07-***** •07-*****3, *****5, *****0, *****1 <02-*****22 *****88 UVEEKLV FAR SERVICE KC23 EC***** TO EUROPE an mo I a tutu I lUTANC «u lUTANC 413 it V .I OTHER DESTINATIONS AARHUS, AMSTERDAM. ANTWERP. BASLE. BREMEN
      577 words