The Business Times, 2 February 1988

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, FEBRUARY 2, 1988 75 CENTS
    11 words
  • 222 1 Reuter Dow Jones higher WALL STREET stocks gained in early trading yesterday on the strength of another strong rally in the bond market, a firmer dollar and the widespread belief that falling US interest rates will more than offset the disadvantages of a weakening economy. The Dow
    Reuter  -  222 words
  • 242 1 MAJOR ASIAN MARKETS closed sharply lower yesterday on prof-it-taking but Tokyo bucked the trend to finish slightly higher. On the Singapore market, stock prices tumbled on selling pressure owing to concern over Singapore being withdrawn from the US Generalised System of Preferences.
    242 words
  • 551 1  -  Officials worry that US action might set precedent By LOH HUI YIN and CHUANG PECK MING GOVERNMENT officials have begun working on a course of appeal following Washington's decision last Friday to remove Singapore from its generalised system of preferences (GSP)
    551 words
  • 341 1 AFP Reuter THE SOUTH KOREAN government is planning a "super-minis-try" to oversee foreign trade negotiations following fears that different ministries did not "speak with a single voice". Plans for the formation of the tentatively named Korea Trade Representative Office, scheduled to be opened
    AFP; Reuter  -  341 words
  • 435 1 AT T investing another $50 million in Singapore A LEADING manufacturer of telecommunications equipment, American Telephone and Telegraph Company (AT T). is injecting another $50 million into its operations in Singapore. The new investments, to be spread over a period of three to five years, will bring the company's total
    435 words
  • 181 1 Reuter JAPAN'S Trade Ministry and 11 electronics companies will set up in mid-March a company to develop a new artificial intelligence language, a Japanese Ministry of International Trade and Industry (Miti) official said in Tokyo yesterday. The government would provide 70
    Reuter  -  181 words
  • 66 1 AFP Reuter THE BANK OF ENGLAND raised its money market intervention rate by a half point to 9 per cent yesterday. The move surprised the financial community as no rate increase was expected before the budget on March 15. Economists said the rise was
    AFP; Reuter  -  66 words
  • 106 1 Reuter THE INDIAN State Trading Corporation (STC) bought 20,000 tonnes each of optional origin crude soyoil and crude rape oil at its import tender on Friday, vegetable oil traders said. The soyoil was for second half Feb/first half March shipment at U*****.50 per tonne
    Reuter  -  106 words
  • 167 1 THE US DOLLAR rose to its highest levels in two weeks on the Tokyo currency market yesterday, boosted by anticipation of a strong demand for the US$27 billion worth of Treasury bonds being auctioned by the US this week. It also benefited from
    167 words
  • 272 1 THE INCOME TAX (Amendment) Act, which aims to crack down on blatant tax avoidance, went into effect on Jan 29. The Act was passed in Parliament on Jan 13, and assented to by the President about a week later. Under the revamped Section 33
    272 words
  • 271 1 Reuter THE BANK of Japan sees no need to ease credit conditions further now, although it remains committed to economic policy coordination with other major nations, central bank officials said. "We will stick to the current accommodative monetary stance in
    Reuter  -  271 words
  • Page 1 Advertisements
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    • 336 1 BQ Lh, Mr Yeutler and Mr Baker... Where do they figure in the GSP issue? Turn to FOCUS, Pago 9 Loader, Pago 10 ALTOS COMPUTERS (USA), one of the world's largest manufacturers of multi-user micro-computers, will be manufacturing these products in Singapore next month. HOME NEWS, Page 3 QANT AS
      336 words
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  • HOME NEWS
    • 504 2  -  DFS, Sade seek to operate duty-free outlets at airports By TONG SUIT CHEE TWO LEADING RIVALS have surprising joined forces to bid for duty-free concessions at Singapore airports. Duty Free Shoppers (DFS) and Singapore Airport Duty-Free Emporium (Sade) signed an agreement yesterday to
      504 words
    • 237 2 THE VISITING secretary-general of Indonesia's Golkar Management Board yesterday called on the First Deputy Prime Minister, Mr Goh Chok Tong. Mr Sarwono Kusumaatmadja, who is the younger brother of Indonesia's Foreign Minister Dr Mochtar Kusumaatmadja, arrived on Sunday evening. He met Mr Goh, who
      237 words
    • 257 2 ENCOURAGED by the response to its Personal Auto Link (PAL) telephone information service, the Central Provident Fund Board is studying ways to extend it. Members may be able to request a printed copy of their CPF statement of accounts through PAL, if a study by
      257 words
    • 220 2 THE LABOUR MOVEMENT'S stand for the next National Wages Council talks will be discussed at a meeting on Thursday. Branch union leaders have been invited by the National Trades Union Congress to take part in the meeting as part of the
      220 words
    • 100 2 AN ASSOCIATION called the Galvanizers Association of Singapore has been formed. The first of its kind in the Asean region, the association will provide technical information on the cost and performance benefits of coating metals. Mr C S Chen, a spokesman for the association, said iron and
      100 words
    • 358 2 CONTRACTORS of large construction worksites, under a ruling which came into effect last December, are required to engage pest control firms to eliminate mosquito breeding at the sites. In a statement, the Ministry of Environment said mosquito breeding is still a problem at
      358 words
    • 169 2 OIL COMPANY Esso has challenged Mobil's claim that Mobil Power Plus is the only petrol with proper detergent additive that prevents fuel injector deposits. Mobil had, in a full page advertisement in The Sunday Times, claimed that "right now only Mobil has the proper detergent
      169 words
    • 276 3  -  By MARTIN SOONG OILMEN from some 27 countries begin debating the future of "black gold" today as the 7th Offshore South-east Asia Conference and Exhibition begins. The four-day event at the World Trade Centre, organised by Singapore Exhibition Ser- vices, is expected
      276 words
    • 429 3 ENERGY POLICIES of Asian-Pa-cific governments must change to promote actively the use of natural gas as an alternative fuel and to encourage development of major gas-based projects through incentives, according to a speaker at a conference yesterday. Governments in the Asian-Pa-cific countries must
      429 words
    • 512 3  -  By LIM SOON NEO IN ANTICIPATION of an upsurge in the number of Singaporeans going Down Under this year, Qantas and Singapore Airlines are both mounting extra scheduled services to Australia. The Australian carrier will operate, from April, a fifth weekly service
      512 words
    • 118 3 SINGAPORE AIRLINES has become the first airline to offer its frequent passengers an exclusive benefit called Worldwide Emergency Assistance. This follows the signing of an agreement between SIA and International SOS Assistance on Jan 25. With effect from yesterday, SlA's priority passengers need only
      118 words
    • 69 3 SlA's flights to Paris will, from March 27, arrive and depart from Charles de Gaulle Airport instead of Orly Airport. The reason for the switch is mainly operational, according to SlA's News Service. SIA has been operating to Orly Airport since May 1976, but it had requested the
      69 words
    • 51 3 SIA has changed its launch dates for Darwin and Fukuoka. The launch date for Darwin is now March 27 instead of Feb 2 and that for Fukuoka has been brought forward to March 28 instead of April 3. Services to these two new destinations remain at two a
      51 words
    • 58 3 DBS BANK is introducing today a telephone banking service which provides callers with information ranging from the bank's prime, savings and autosave rates to its foreign exchange rates. Other information available on the DBS Bank Rate Information Service (tel no *****21) includes the bank's Singapore dollar and
      58 words
    • 190 3 JAPAN'S leading manufacturer of industrial belts, Mitsuboshi Belting Ltd, intends to make its Singapore office the head of all overseas subsidiaries. Senior managing director Y Sasa, speaking yesterday at the opening of Mitsuboshi Belting Singapore's $5 million plant extension, said that
      190 words
    • 411 3  -  By WILLIAM CHIA ALTOS COMPUTERS (USA), one of the world's largest manufacturers of multi-user micro-com-puters, will be manufacturing these products in its Singapore subsidiary next month. Micro-computers with multiuser systems, also known as su-per-micros. allow up to 60 terminals to be used at
      411 words
  • Page 2 Advertisements
    • 57 2 IT'S A LONG HAUL WITH ANYONE ELSE. British Airways new Club World has been created to ensure that you arrive relaxed and refreshed no matter how long your journey. Through London Heathrow to over 145 destinations in 65 countries, it's little wonder that experienced fliers choose the world's favourite airline.
      57 words

  • Page 3 Advertisements
    • 111 3 Hongkong Bank Bldg r L i hc'r. South point The big figures speak for themselves. 620,000 sq. ft. leased in 1987. $390 million worth of property sold recently. With 215 years of international experience, we are in a position to give you the highest occupancy rates for your buildings. You
      111 words
  • Page 3 Miscellaneous
    • 202 3 ////i Max/ Note Min (°C) 21/16 O'cast 07/04 Rain unav 20/13 Cl«cr 35/26 Sunny 30/23 Rain 04-06 Clear 16/10 Rain 06/01 Cloody 06/04 Cloudy 16/13 Cloudy 09/02 Cloudy 30/21 Showers 08/04 Clear urvov 21/10 Clear 15-17 Snow 23/13 Cloudy 24/16 Cloudy, 13/10 Rain 02/00 Snow 32/25 Rain 07/01 Roin 07/03
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  • ASIA – PACIFIC
    • 413 4 Move comes amid rising currency and competition Reuter TAIWANESE BUSINESSMEN, pressed by the surging value of their currency and keener competition from other Asian exporters, are looking towards China to boost sales and get cheaper raw materials. "There is an increasing trend for our
      Reuter  -  413 words
    • 439 4 AP JAPANESE, frustrated that their mighty yen is not being reflected in the prices of imported goods, are travelling overseas in increasing numbers to find bargains they are being denied at home. According to the Japan Travel Bureau, a leading Japanese travel agency, the number
      AP  -  439 words
    • 135 4 Reuter THE IRANIAN "moderates" involved in the US arms-for-hostages swop are secretly promoting a deal to end the Gulf War with Iraq, according to Newsweek magazine. Citing "well-placed Middle East sources", the weekly says the moderate Iranians are using back channels European politicians
      Reuter  -  135 words
    • 206 4 Reuter HONGKONG'S government is to review a law that makes publication of false news a criminal offence, according to Chief Secretary Sir David Ford. Speaking to journalists at a seminar on press freedom on Sunday, the British colony's top administrator said the review will
      Reuter  -  206 words
    • 238 4 UPI SRI LANKAN President Junius Jeyewardene has announced plans to hold nationwide elections in March or April to establish provincial councils under which the minority Tamil population will share power with the central government. The Tamils on the north and east of the island
      UPI  -  238 words
    • 266 4 Reuter THE PHILIPPINES is exploring ways of reducing its massive foreign debt burden and the two US military bases in the country could be a possible bargaining lever. Finance Secretary Vicente Jayme said yesterday. Mr Jayme said that a suggestion by some
      Reuter  -  266 words
  • Page 4 Advertisements
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  • Page 4 Miscellaneous
    • 31 4 Doonesbury 3 m m a 1 V iUli VW/i i outer WW* UHBOf mm! 50CHHVZ! MTB6CAU& rHMTKWO BYJMffA/Mfi PUPOeOF If.' 'L 4^ 4 ta i it, T.WT" r BY GARRY TRUDEAU
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  • REST OF THE WORLD
    • 390 5 AFP THE SHAPE of Europe's economic future after the creation in 1992 of a unified Economic Community domestic market will be featured at EC talks with the European Free Trade Association. The six EFTA members (Iceland, Norway, Sweden, Finland, Austria and Switzerland) want
      AFP  -  390 words
    • 277 5 Reuter CONSERVATIONISTS from over 100 countries are meeting in Costa Rica this week to seek new strategies to preserve the wtorld's natural environment. The Duke of Edinburgh, president of the World Wildlife Fund, and Costa Rican President Oscar Arias are among the scheduled
      Reuter  -  277 words
    • 1011 5 ARRIVALS I 1 S«rvic« Local From i 1 number tim* >U SQ11 0115 LAX/NRT cal <□341 0155 TPE NCA KZ205 0240 NRT SAL JL617 0305 TYO FT FT75 0315 JFK/DFW/IAH/ t ORD/ANC/NRT/ t MNL/TPE CM CI333 0405 TP€ Mas MH681 0820 KUL SA SQ417 0820 DXB/KHI sv
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    • 310 5 NYT THE INTERNATIONAL Fund for Agricultural Development, known as the "Peasants' Banker" for its innovative loans to the rural poor, sought help last week from the most successful developing nations because oil-producing nations. traditional supporters of the agency, are facing an economic
      NYT  -  310 words
    • 494 5 Production, employment figures lagged behind December's NYT THE RATE OF GROWTH of the US economy slowed in January, lagging behind December in production and employment, the National Association of Purchasing Management said in its monthly report. Increases were posted in new orders, prices
      NYT  -  494 words
    • 465 5 Reuter GREECE and Turkey, whose long-standing feud has weakened Nato's southern flank, have embarked on a peace initiative, setting up a crisis "hotline" and vowing to avoid war. Prime Ministers Andreas Papandreou of Greece and Turgut Ozal of
      Reuter  -  465 words
    • 207 5 AP RODRIGO BORJA, a Social Democrat who has vowed to shift Ecuador to the left, took the lead in early unofficial returns in Sunday's election to choose a successor to pro-US President Leon Febres Cordero, a local television station reported. With 125,724 ballots counted,
      AP  -  207 words
    • 410 5 Reuter THOUSANDS of white South African youths are under orders for compulsory military service but some are pondering the alternatives exemption on religious grounds, exile, or jail. Young South Africans face two years in the army and with this year's conscripts due
      Reuter  -  410 words
  • Page 5 Advertisements
    • 56 5 I I I I The business person's choice, every I I II \I I If II I Tuesday, Thursdoy. Saturday and Sunday I M W\ I Ml Leaving Changi Airport at 22:05 1 iy yj_ V ,-/J- hours and arriving Heathrow early the following morning. Call your Travel Agent or
      56 words
    • 129 5 Opinions may differ. But they hardly do on this point. 'm T BLAUPUNKT BOSCH Group It's a small point. But it makes a world of difference. Some crave power. Others set great store by a car's length. Others won't do without a 4-wheel drive. But when it comes to car
      129 words

  • MONEY AND EXCHANGES
    • 947 6 SINGAPORE: THE US dollar yesterday closed firmer against major currencies mainly on short-covering and speculative buying by Asian and European operators, after a fairly active trading session, dealers said. They said favourable comments by US officials over the weekend and expectations of strong Japanese demand for the US
      947 words
    • 198 6 MteoAoe tie mrm of Mm prim* iwdlm ritN of 12 motor bonks In S'poro Average of prime or equivalent lending rate on Feb 1 London 8.5% Hongkong 5.25% N#w York 8.75% Bangkok Hi% Tokyo 3.375 Jakarta 25% Zurich* 4.5% Kuala Lumpur 7-5 Frankfort* 4.5% Manila 15% Sydney
      198 words
    • 87 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BIO OFFER HIGH LOW 3 months 6 months 1 yoor &Q*****W BY*****S BY*****T 28.4.88 30.6.88 24.11.88 2.97 2.98 2.95 2.92 2.93 2.90 2.96 2.91 2.95 2.95 2.91 2.91 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
      87 words
    • 63 6 THE OVERNIGHT rate on the Singapore interbank market fell !4 point to end at 3ft per cent. The onemonth term rate stood unchanged while two and three months fell 1/16. S$ Interbank rates at 12 noon yesterday: O«« MO Onm3 1/8 3 1 -month 3 1/8 3 2-moort!
      63 words
    • 206 6 EURODOLLAR futures yesterday opened on a firm note following lower commodities prices and oil prices. March Eurodollar gapped sharply higher at 93.04 at the opening and continued to edge higher throughout the session after briefly dipping to 93.03 on talks over lower US prime rates and reduction of discount
      206 words
    • 382 6 Trading on February 1 19M Opon High low Soft bt Vol Op/ln» Vol EURODOLLAR Mor 88 93.04 93.10 93.03 93.08 ***** ***** 6906 Jun 88 92.84 92.92 92.84 92.91 3882 5880 1726 Sap 88 92.54 9243 92.54 92.62 1367 2545 430 Dk 88 92.27 92.37 92.27 92.36 292 986
      382 words
    • 352 6 Asian market PERIOD ASIAN dollar deposit rates yesterday extended its easier opening levels in thin afternoon trading. Period rates weakened 1/16 to 1/8 point at the outset due to firmer US bond prices, expectations of an easier US monetary policy and possible good response to the Treasury refunding auctions this
      352 words
    • 1761 6 CURRENCY FUTURES OPTIONS Monday Fabruory 1 1988 DEUTSCHE MARK (SIMEX) High I u 1 High Fob m puts 35 CAB 34 CAB 57 240A 235 CAB SI 141A 137 3 59 55A 51 148 1* 60 1 OA 8 688 72 61 IA 2 1608 165 62 CAB 2608
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  • Page 6 Advertisements
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      126 words
    • 9 6 IB BANQUEINDOSUEZ 3 Shenton Way. Shenton House. Singapore 0106
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  • BANKING AND FINANCE
    • 650 7 Reuter FALLING MONEY MARKET interest rates may soon lead to cuts in US commercial banks' prime rates, a factor that helped lift sentiment in the stock and bond markets last week. But economists said it was unlikely that another wish
      Reuter  -  650 words
    • 187 7 Reuter SUMITOMO Finance International is withdrawing from market making in Eurodollar fixed and floating rate bonds, according to Kanichiro Hirata, managing director in charge of new issues and trading. Mr Hirata said in London that the firm intended to remain as a market maker in
      Reuter  -  187 words
    • 637 7 NYT THE DRIVE by many of the largest banks in the United States to expand through acquisitions may come to a near standstill for several years because of a proposal by the Federal Reserve Board. The Fed said last week that it
      NYT  -  637 words
    • 556 7  -  Crash reduces earnings sharply By ALVIN TAY Banking Correspondent THE STOCK MARKET crash worldwide last October has dashed Morgan Grenfell (Asia)'s hopes of ending 1987 with an all-time high profit. But the local-ly-based merchant bank is still able to report a $2 3 million
      556 words
    • 296 7 Reuter MIDLAND BANK PLC has said that a review of its activities is continuing but that a press report of job cuts among its 5,000 head office staff was premature. In response to a London Evening Standard report which suggested significant job
      Reuter  -  296 words
    • 435 7 Mexican debt plan response a guessing game Reuter MEXICO'S top debt negotiator said on Sunday that banks were intrigued by the nation's innovative scheme to swap loans for bonds but had given little sign if they would go along with it. Mr Angel Gurria, director general of Public Credit, met
      Reuter  -  435 words
    • 368 7  -  By LEONG WEN WAH NIPPON Kangyo Kakumaru Securities Co Ltd yesterday became the fifth Japanese securities house to set up a merchant bank in Singapore, following in the footsteps of Japan's Big Four securities houses Nomura, Daiwa, Nikko and Yamaichi. Its wholly-owned subsidiary, NKK
      368 words
  • Page 7 Advertisements
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      171 words
    • 145 7 CREDIT SUISSE FIRST BOSTON emerged as the overall best house in terms of the service offered to their clients. Following their strong performance in the secondary markets throughout the year, CSFB has been named Euro-trading house of the year in IFR's end of year awards. Source: International Financing Review January
      145 words

  • COMMODITIES
    • 398 8 AP A MEETING between leading producers and consumers in the International Coffee Organisation (ICO) ended in London last Friday leaving differences between them on the scope for future ICO action to limit exports under certain price scenarios unresolved. The 16-nation ICO executive board agreed
      AP  -  398 words
    • 155 8 Bernama THE KELANTAN government has given approval to two companies to mine gold in Pulai, Gua Musang, Mentri Besar Datuk Haji Mohamed Yaacob has said. Many applications had been received from both Malaysian and foreign companies. He did not state their
      Bernama  -  155 words
    • 588 8 UPI THE US Forest Service has completed 19 long-term plans for managing America s most productive forest lands into the 21st century, but almost no one is happy with the results. Environmentalists complain that the drafts of the plans do not provide enough
      UPI  -  588 words
    • 168 8 Reuter WORLD CRUDE OIL prices are likely to remain volatile over the next several months due to uncertainty over Opec output, according to a quarterly energy report by Bank of America. "Considerable volatility in oil prices is expected during the
      Reuter  -  168 words
    • 124 8 Reuter THE COLOMBIAN government has suspended public investment in new large scale mining projects and created new contracting procedures for private investors. The Counsel on Economic and Social Policy said the measure sought to stimulate foreign investment in mining sector and "correct financial inconveniences"
      Reuter  -  124 words
    • 461 8 Bernama TIN-ASSOCIATED minerals, popularly known as amang. have become an important source of additional revenue for tin miners in the region who have been hit hard by poor prices of the metal, the South-east Asia Tin Research and Development Centre (Seatrad) said last week.
      Bernama  -  461 words
    • 356 8 HONGKONG: GOLD yesterday closed lower in fairly active trading on renewed selling prompted by the strength of the US dollar. Sentiment remained negative following the sharp fall in New York last Friday, though light short-covering towards the close helped lift gold from the day's low. The metal ended
      356 words
    • 207 8 Chinese Produce Exchange Sellen" noon doting prices on Feb 1 ISS/100 kg) Coconut oil Bulk FOB 120.00 Otd drum FOB 130.00 New drum FOB 134.00 Copra Mined (loose) 66 sellers Pepper Muntok white FOB NLW 1185.00 Sorowok white FOB foq NLW 1170.00 Sarawak special black FOB NLW 880.00
      207 words
    • 155 8 Reuter SINGAPORE THE rubber market yesterday closed quietly steady with March 1 RSS buyers quoted at 218.75 cents/kilo, up 0.25 cent from Friday's close, dealers said. Prices were marked one cent lower at the opening following easier overseas advices but recovered later on shortcovering to end the morning session
      Reuter  -  155 words
    • 161 8 RAS SSR RAS prices in S CMtag, FOB In b«l« 1 NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 222.00 223.00N 222.00 223.00N kit 1 RSS Mar 88 218.50 219.00N 218.75 219.25N Irrt 1 RSS Apr 88 218.25 218.75 218.25 218.75 Int 2 RSS OP 217.00 219.00 217.00
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    • 63 8 TYPICALLY quiet Monday with most products showing signs of marginal weakness except for gasoil. USS/borral Otong* Duboi (Mori '5.43 -0.06 WM TtlOl HimndwH, WTI (Mar) 16.96 -0.03 Products (FOB S'pore) US$/borr»l Oong* KvroMn* 22.70 unc* GoteH 20.55 uncti Low Sulphur Wo*r IxkIm, ISwt 15.25 undi USS/Mnn* Otong*
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  • Page 8 Advertisements
    • 48 8 ST ARLINE i. 'v> y£'?ky, H C M >-& m-- r Wl .1 »t it Italian Institute for Foreign Trade ROME for further information: Italian Trade Commission Government Agency 1 Maritime Square, 12-05 World Trade Centre Singapore 0409 Telef. (0065) *****44 Telex (0087) ***** RS ITTRADE Telefax (0065) *****54
      48 words
    • 11 8 The Malaysian markets were closed yesterday for the City Day holiday
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  • FOCUS
    • 614 9 OCTOBER 19, 1987, will be remembered as the day when major stock markets around the world reverberated to the loud crash on the New York Stock Exchange. On the same day in Washington, a meeting was held which would eventually affect the tax-exempt
      614 words
    • 559 9 WHEN it was conceived in 1968, the Generalised System of Preferences the scheme under which rich countries give trade concessions to developing countries was not supposed to discriminate between countries or require beneficiaries to reciprocate in any way.
      559 words
    • 1121 9  -  Singapore's attraction as offshore manufacturing centre unlikely to be diminished The recent removal of Singapore and three other Asian NICs from the US GSP scheme has provoked questions and recriminations. LOH HUI YIN and CHUANG PECK MING examine the ramifications, the background of the scheme
      1,121 words
    • 290 9 Rank US product description 1986 1 Accounting, computing, and other data-processing machines 2 Telephone sets and other terminal equipment 3 Machines, not specially provided for, and parts thereof 4 Switchboards panels etc 5 Furniture, wood 6 Medical and surgical instruments forceps 7 Telephone answering
      290 words
  • Page 9 Advertisements
    • 311 9 o Our congratulations to Mr. Lee and Amtek—a Toshiba O.A. multi-user. From modest beginnings, Amtek has used its competitive edge to become the largest metal--1 stamping company in Singapore. At Data Dynamics, we're "S"proud to have contributed part of yZjjttb' —competitive edge. With Toshiba Fax, Keyphones and Copiers, backed by
      311 words
    • 3 9 L«ad*r, Pag* 10
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  • PERSPECTIVE
    • 613 10 FEELING LET-DOWN, by broken promises. That's how Singapore is feeling about the US decision to graduate her from the generalised system of preferences (GSP) with effect from next January. It hurts the heart, let alone the physical discomfort that will follow when the implications of
      613 words
    • 1512 10  - United they stand against IBM A technology pact between Apple, the original computer company, and DEC, the inventor of the minicomputer, not only enables both to develop software that will enable their products to be closely linked on computer networks, it is also recognised that both companies are joining forces
      FT  -  1,512 words
    • 910 11  -  By VALERIE STRAUSS Reuter US ATTORNEY-GENERAL Edwin Meese, who has weathered sharp criticism over his job performance and federal probes into his financial affairs, faces perhaps his most serious challenge over his role in a US$l billion Iraqi pipeline project. Mr
      Reuter  -  910 words
    • 864 11  -  President Reagan may have badly miscalculated in his new request tor military and other aid for the Nicaraguan Contras and now both Republicans and Democrats are predicting that tomorrow's vote in Congress could well mark the end of military aid to the Contras
      Reuter  -  864 words
    • 824 11 Reuter By CHRISTOPHER HANSON MANY PEOPLE associate the US capital with wealth and influence high-rolling lobbyists, US$2OO business lunches, black-tie White House galas and bureaucrats commuting to affluent suburbs. That is one Washington, sometimes called "Powertown". There is a second Washington, poor
      Reuter  -  824 words
  • Page 10 Advertisements
    • 61 10 ness OT TIPS FOR r* sJJ Mfl N w 1! (9 A MONTHLY JOURNAL OF T? Hot tips for the Year of the Dragon Take Another Look: A round-up of the local scene Cosmetics trade: All is not vanity Telecoms: Staying well-connected The Third Asean Summit Investment spotlight: Chuan Hup
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      24 words
  • Page 10 Miscellaneous
    • 661 10 CRYPTIC PUZZLE ACROSS 3 Flowers from the gang? (5) 8 Plant ruined by louts (5) 10 It's fun pulling a lever back (5) 11 Materialistic music? (3) 12 Decoration to start doing during a meal! (5) 13 Tennis records? (7) 15 Yes, only two letters in all this time! (5)
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  • Page 11 Miscellaneous
    • 1348 11 w sm aaoQ® PM Opening Announcement and Programme Highlights followed by Carol Burnett And Friends. Jack Klaugman appears as guest in this episode. Footsteps The Rose Red City (See highlights). Only Fools And Horses May The Force Be With You. Rodney meets Del's old schoolmate, Roy Slater, at the local
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  • SPORTS & LEISURE
    • 641 12 AP DOUG WILLIAMS, Timmy Smith and Ricky Sanders ripped apart the Denver defence with a record 35-point, 356-yard second quarter as the Washington Redskins won the Super Bowl by routing the Denver Broncos 4210 and shutting down John Elway. Washington spotted Denver a 10-0 lead, then
      AP  -  641 words
    • 260 12 AFP STEVE DAVIS completed a remarkable 9-0 whitewash of Mike Hallett in the final of the Benson and Hedges Masters in London on Sunday to claim another pot of gold. Devastating Davis had led 7-0 at the end of the first session and took only 41
      AFP  -  260 words
    • 129 13 UPI WORLD RECORD HOLDER Graham Wilkie of Britain won the inaugural World Cup Speed Skiing Championship on Sunday when the final race was cancelled because of bad weather. Wilkie clocked 149 315 km per hour over a 100-m stretch on the 733-m course in the
      UPI  -  129 words
    • 196 13 UPI CANADIAN RUNNER Ben Johnson has said he could better his world indoor 60 metres record of 6.41 seconds this week, provided he can recover from jet lag by race time today. "I'm in the best shape ever including the World Championships in Rome,"
      UPI  -  196 words
    • 264 13 AP THE JAGUAR XJR-9 prototype driven by Raul Boesel of Brazil, John Nielsen of Denmark and Britain's Martin Brundle won the Daytona 24-hour motor race on Sunday. The victory ended Porsche's 11-year domination of the race. The XJR-9 prototype was one of three entered
      AP  -  264 words
    • 486 13  -  By CHUANG PECK MING WILSON, the name many sporting Americans grow up with, has set up a regional office in Singapore in its push for more sales outside the US. The manufacturer of golf clubs, tennis rackets, baseball gloves, basketballs and the like, which
      486 words
    • 499 13 AP WITH FRED COUPLES of the US falling victim to watery disaster, Sandy Lyle of Scotland needed only a bogey on the third playoff hole on Sunday to win the Phoenix Open Golf Tournament. In a bizarre finish, Couples, needing only a par-4
      AP  -  499 words
    • 198 13 AFP AUSTRALIA was battling for survival in the Bicentennial Test in Sydney yesterday after being forced by England to follow on. At lunch on the fourth day, Australia had scored one without loss in the second innings, after failing by 12 runs to make England
      AFP  -  198 words
    • 266 13 UPI SUPER DIAMOND, racing with renewed vigour at eight years old, scored a neck victory on Sunday in a stretch duel to capture the U*****,800 San Pasqual Handicap at Santa Anita. The winner raced down the stretch with Judge Angelucci as the
      UPI  -  266 words
    • 126 13 AP POLE VAULTER Sergei Bubka of the Soviet Union soared to victory at an international indoor track and field meet in Stuttgart on Sunday but failed in three attempts to break his own world record. Bubka's best jump was 5.80 metres, compared with his
      AP  -  126 words
    • 234 13 AP CHI CHI RODRIGUEZ, the domi-> nant player on the senior golf;* tour, also dominated the first nior skins game that Sunday, winning USS3OO,OO(C of the U*****,000 total purse. The 52-year-old Rodrigwsz n won three holes and USs26QsoO> on the final day of the
      AP  -  234 words
  • Page 12 Advertisements
    • 199 12 4 COURyOISIERXO-Where to eat, drink... o ?onei9*'P<*tccy <c v a band with a faraway name but who's right at home with the crowd at Treetops Bar... 8 pm onwards. Jf'.o i r Royal Stv»C Singapore RapMVffd »4 A Food 'n' Fashion Sensations af 8100m5... Take a culinary adventure through the
      199 words
    • 154 12 Richmond Every night at the Jade Lounge* From 8.30 pm Old favourites. Evergreens. Yesteryear's hits. Brian Richmond's got them all at his fingertips.. Just surrender to the cosy, relaxed atmosphere of the Jade Lounge and let the great sounds of nostalgia have their day. 'Brian Richmond. 4 nights a week
      154 words
    • 133 12 SATISFYINGLY HYATT Discover Hong Kong at Ruyi, our new Cantonese restaurant on the mezzanine level. Our Hong Kong chefs will delight your palate with lunchtime dian xian. and a la carte dinner specialities. Lunch: 11.30 am to 2.30 pm Dinner: 6.30 pm to 10.30 pm W *1 4 NWT REGENCY©SINGAPORE
      133 words
    • 256 12 t Eat your fill of luck and prosperity. At Cafe Plaza's Golden Dragon Buffet. A festive spread of must-eat Lunar Ne» Year foods for the whole of February. Feb 1-15. Feb 22-29 Adults $13 50++ Children $9 00+ Feb 16-21 Adults: $16 00+ Children $10 50+ (Price includes a complimentary
      256 words
    • 253 12 ar Austrian Fest From the land of' 'The Sound of Music'' comes another art form delicious food like Wienerschnitzel, Fiaker goulash, ftiprika Chicken, sausages, salads, apple strudel, Sacher Cake, Emperor's pancakes and much, much more! At $31 for adults and $15 for children, we're sure you'll er\joy the feast as
      253 words

  • Page 13 Advertisements
    • 384 13 and entertain 4 fir PALM GRILL There's a cafe on a lush, green hi 11... where you can take a break. Meet friends. Relax. Make choices from the delightful international cuisine and Asian favourites. Prawn Mee, Nasi Goreng. Prawn Curry. Rahmschnitzel. Hainanese Chicken Rice. And much more. At Cafe in
      384 words
  • Page 13 Miscellaneous
    • 80 13 Play golf the Sevvy way Into the wind f DO NOT TEE THE BALL LOW f FOR A DRIVE INTO THE WIND. A LOW TEE CAN PRODUCE A DOWNWARD BLOW WHICH WILL RESULT IN THE BALL RISING SHARPLY. tf t»Mm Ml P»rt| Menus A rTHE BEST TO TACKLE A DRtVE
      80 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4240 14 INVESTORS, concerned about Singapore being withdrawn from the US Generalised System of Preferences, sold stocks yesterday in quiet trading on the local market. Singapore-based quality stocks bore the brunt of selling but price changes were narrow. Brokers said market sentiment was undermined
      4,240 words
    • 186 14 SINGAPORE Rises ll MICM Parkway M SO* M Tnat 217 90 ♦J 41 ■T Campari* Jar 29 794.24 Fob 1 744*41 Mi Yung Kentucky Loon 7*U +3 4T04/0S 4-19 -202 74 25 4-1 T CAE* -6479 -6974 km» Ihd 50* Uw<—ta H 50* I •T 10-day MA
      186 words
    • 2948 14 BED and otter prices officially listed and business in and reported to the Stock Exchange at Singapore yesterday with the number at shares traded shown In brackets in lots at 1,000 units unless otherwise specified. SECTION ONE MOUS TRIAL ft COMMERCIAL Aono (1 15 B
      2,948 words
    • 212 14 CYCLE CARRIAGE Limited: 19th AGM at the Royal 1 2, Laval 1. The Pavilion Inter-Continental Singapore Hotel. 1 Cuscaden Road. Singapore 1024, tomorrow, Feb 3. at noon. MALAYA TIN PRINTING COMPANY Limited: EGM at WTC Convention Centre, Conference Hall 2. 11th Floor, World Trade Centre, (Uae Lift Lobby
      212 words
    • 282 14 Monagers' price* (J) for Feb 2 Jopan Gr fund Sh*nton Thrift fund 145 079 150 079 Singapore Unit Trust Th* CoM»rc« 0 91 0 97 Th* Savings fund 0 79 0&5 S'por* frog fund 036 0 40 S'por* S*c fund 0 61 066 S'por* Invwt fund OAS 070
      282 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • 862 15  -  Run-up to the Malaya Tin Printing boardroom battle on Saturday By AMY BALAN THE BATTLE for the minds and votes of Malaya Tin Printing shareholders at the extraordinary general meeting this Saturday has drawn out more dirty linen from the boardroom. With
      862 words
    • 724 15 THE SINGAPORE PRESS Holdings group is to redevelop its landmark property in Kim Seng Road when the presses at Times House are moved to Jurong. Times House is one of more than a dozen properties owned by the group in Singapore. There had been plans
      724 words
    • 174 15 Reuter THE HERALD (Hongkong) Ltd is planning a HKS236 million rights issue to acquire the principal activities of Herald Metal and Plastic Works Ltd. It said in a statement that the rights issue would be made on the basis of 19 new shares for each
      Reuter  -  174 words
    • 548 15  -  by Amy Balan ADDING TO the controversy surrounding the boardroom struggle at Malaya Tin Printing, an independent director, Mr H L Pang, has questioned the timing of an action taken by the MTP board in trying to recover a sum of $4.5 million. In
      548 words
    • 542 15 FINANCIALLY-TROUBLED hotel and property group Faber Merlin Malaysia Bhd, which suffered a record bottom line loss of Ms 92 million, has had its accounts for the year ended June 1987 qualified by its auditors. In passing the latest accounts, auditors Hanafiah Raslan Mohamad said
      542 words
    • 1431 15 NST TALKS HAVE BEEN making the rounds in the marketplace for sometime now that two of Malaysia's most prominent tycoons Robert Kuok Hock Nien and Tan Srj Khoo Kay Peng may decide on some form of tie-up. But what shape the
      NST  -  1,431 words
  • Page 15 Advertisements
    • 141 15 f DBASE m PLUS WORKSHOP Workshop Advance DBASE 111 Plus Application in Accounting Date t 24th March 1988 Recommended for financial accountants Lecturer MR CH/Y YEE MENG, R.ACC, RAS LUCAS LIM MANAGEMENT CONSULTANTS PTE LTD #03-04 Carlton Building 90 Cecil Street SOlO 4 V Details contact Ivy at *****55, *****31
      141 words

  • REGIONAL MARKETS
    • 519 16 Reports sought on share investment performances Reuter AUSTRALIAN corporate watchdogs have set a three-week deadline for listed companies to disclose losses or profits on their share investments since the October slump. The National Companies and Securities Commission (NCSC) and Australian Stock Exchange Ltd (ASX)
      Reuter  -  519 words
    • 188 16 Reuter BROKEN Hill Pty Co Ltd's As 27 billion buy-back of over 20 per cent of its stock creates a dangerous precedent, said the National Companies and Securities Commission yesterday. NCSC chairman Henry Bosch said his agency was concerned that the BHP deal and a smaller
      Reuter  -  188 words
    • 166 16 AFP CHINA is considering a joint venture with General Motors of the US and the Japanese firm Fuji Heavy Industries under which it would produce 300,000 cars a year, the China Oaily reported on Sunday. The project would be the first involving China, the US and Japan
      AFP  -  166 words
    • 1430 16 Hongkong SHARE PRICES on the Hongkong market closed sharply lower yesterday on steady selling pressure from local institutions and small investors, brokers said. The Hang Seng Index lost 51.39 points, or 2.1 per cent, to 2,358.27 and the broader-based Hong Kong Index shed
      1,430 words
    • 215 16 AFP CHINA has asked Toshiba Machine Co to pay about U555.46 million in penalties for failing to fulfil contractual obligations, news reports said yesterday. Toshiba Machine, a subsidiary of electronics giant Toshiba Corp, ceased exporting to China in May after the Japanese government banned
      AFP  -  215 words
    • 148 16 AFP THE Royal Dutch Shell group is trying to expand its oil operation in Indonesia. its managing director said yesterday. "We are negotiating further steps to expand our activity in Indonesia." Mr Jean-Marie Hubert van Engelshoven said after meeting with Indonesian President Suharto. Shell
      AFP  -  148 words
    • 159 16 THE SECURITIES Exchange of Thailand Index slid 0.41 to 318.37 yesterday on a turnover of 2,711,240 shares worth 233.32 million baht. Reuter FEB 91 BAHT Ao Kham Thai Ayudhya Invaatmant 306 -2 Bangkok Agro-tnd 86 5 0 5 Bangkok Bank 315 -4 Bank Ol Ayudtiya 306 -2 Charoong Thai
      159 words
    • 256 16 m «i All Sinew* Indus WT t 2 90 f. 002 KoMn Kuochan Oav Laa Chang Yuan 34.50 43.10 0.9 1.2 Asia Camant 72 00 0 5 40 00 Cathay Con* 74 SO 14 40 10 -1 2 Chang Hwa Bank Chang Loong 230 00 56 50 -6 Nan
      256 words
    • 83 16 Mtrcoppif 1 10 -0 3 FM tl EMM Oriental B 0 0060 -001 Aco|« Mining Anglo Ptwl 0 025 -0 006 Phil Ovariaai 0 045 -0003 Apax Mining B Atlas Con. B Baguio Qotd 0 046 28 -ti.OUJ -3 Pteoo B PLOT 144 -4 Basic Patroiaum Banguat Con B
      83 words
    • 114 16 Rl 01 WON Kal zaoo ***** 800 600 CMI Sugar ***** -200 Kia Motor ***** 360 Daaiim ind Daewoo Corp ***** ***** -100 1200 Koton Ind Koraa Long Tarm Lucky Ud ***** *****0 -200 uncfi 1200 Da#woo Hoawy ***** 1800 100 -800 -300 800 OriantaJ Brawary Onantal Cham *****
      114 words
    • 115 16 HONGKONG Hongkong Index Monday 1.540 95 Friday 1.***** Week ago *****8 Hang Song Index Monday 2.358 27 Friday 2.***** Week ogo 2.407 29 All Industrials Monday 1.9975 Friday 2.0000 Week ogo Closed NEW YORK Dow Jones Friday 1.958.22 Thursday 1,***** Week ago 1.***** TOKYO Nikkei Avorago Monday 23.*****
      115 words
    • 482 16 Reuter SHARE PRICES on the Tokyo market closed steady yesterday after bullish sentiment remaining from last week was tempered by profit-taking on financials after recent gains, brokers said. Anticipation over the outcome of the three-day US Treasury quarterly refunding which starts on Tuesday and speculation that US interest rates
      Reuter  -  482 words
    • 433 16 Reuter GOLD-RELATED stocks dragged a lacklustre Australian share market to a sharply lower close yesterday after Friday's U5512.30 an ounce fall in bullion prices. Brokers said gold-re-lated selling spilled into the resources sector but industrial stocks were somewhat sheltered by last Friday's 28-point rise in Wall Street's Dow Jones
      Reuter  -  433 words
  • Page 16 Advertisements
    • 332 16 KL market was closed yesterday for a holiday JL HAS A SURPRISE INSTORE FOR YOU! LITTLE John Little is prepared to pay cash on delivery for suppliers' surplus stocks of good quality merchandise that we can pass on to our customers at keen prices. Please telephone our Merchandise Managers with
      332 words
    • 496 16 Republic National Bank of New York A subsidiary of REPUBUC NEW YORK CORPORATION Consolidated Statement of Condition (In Thousands) UL^j ib> Cash and due r— Non-interest bearing deposits: from banks 404,957 251,289 In domestic offices 634,72< Interest beanng deposits In foreign offices 125,375 with banks 7,920,973 6,350,027 Interest bearing deposits:
      496 words

  • COMPANY NEWS
    • 834 17 Companies exploit post-crash prices Reuter THE TAKEOVER business in the United States has surged back to life as companies rush to exploit cheaper post-crash stock prices and the final year of the Reagan Administration's lenient anti-trust policies. Adding to the lure is a feeling
      Reuter  -  834 words
    • 458 17 NYT THE INCREASED BORROWING of large sums of money by managers of publicly-owned companies who want to make the Companies private has contributed to excessive levels of corporate debt, says a study by the US Congressional Research Service. The study, issued last Saturday, said
      NYT  -  458 words
    • 741 17 Reuter MAXWELL Communication Corporation PLC chairman Robert Maxwell said he was prepared to buy into various media groups, including the French financial daily Les Echos, the New York Poet newspaper and Dutch technical publisher Elsevier NV. He told a news conference in Paris marking the
      Reuter  -  741 words
    • 197 17 Reuter GENERAL ELECTRIC CO and Shearson Lehman Hutton are among about a half dozen potential bidders for the Montgomery Ward retailing chain, sources familiar with the negotiations said. Montgomery Ward chairman Bernard Brennan seemed to favour a leveraged buyout of the company with GE, the
      Reuter  -  197 words
    • 172 17 Reuter BATUS Inc said its parent company, BAT Industries PLC, has established a US$3.2 billion revolving credit facility in connection with Batus' proposed takeover of Farmers Group Inc. A total of 31 North American, European and Japanese banks are participating in the credit
      Reuter  -  172 words
    • 339 17 Reuter ITALIAN entrepreneur Carlo De Benedetti is unwilling to share control of Societe Generale de Belgique, Gevaert NV chairman was quoted as saying by Belgium's national news agency, Belga. Belga said chairman Andre Leysen was speaking after meeting a representative of De Benedetti who
      Reuter  -  339 words
    • 81 17 Reuter A SPOKESMAN for British hotels group Grand Metropolitan PLC confirmed that the group's last bid of 3,300 francs per share for Martell et Cie was final. He said Grand Met would study the conditions attached to a bid of 3,475 francs per share announced
      Reuter  -  81 words
  • Page 17 Advertisements
    • 160 17 In the Matter of THE COMPANIES ACT (CHAPTER 90) AND In the Matter of JALIYA TRADING CO (PTE) LTD (In Members Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act, Chapter SO, the final meeting of the members of the
      160 words
    • 482 17 NOTICES ■WM3, Cap. 50 and si 2 0m In the Matter of The Companies Act, Cap. 50 and RAYTONB PTE LTD (In Milbw' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditor* of the abovenamed Company which Is being voluntarily wound up, are required on or before 3rd March 1968
      482 words
    • 282 17 LN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF CATHAY TRADING PTE LTD (Incorporated In the Republic of Singapore) (In Liquidation) Members' Voluntary Winding-up At an Extra-Ordinary General Meeting of tbe Members of tbe abovsnamed Company duly oon▼ened and held at Blk 6 Syed Alwl
      282 words
    • 612 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PEERAY (PRIVATE) LIMITED (In Members' Voluntary Liquidation) Special Resolutions NOTICE 18 HEREBY GIVEN that at an Extraordinary General Meeting of Peeray (Private) Limited duly convened and held at 111 North Bridge Road #12-01 Peninsula Plasa. Singapore 0617 on 37th January 1968
      612 words
    • 627 17 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 80 AND IN THE MATTER OF TREEGO PRIVATE PI lit 41 I -f I At an Extraordinary General Meeting of the Mamban of the abovenamed company, held at 113 Bono* Avenue S. #05-04, Gordon Industrial Ball dine, Singapore 1440, on Ist February
      627 words

  • 338 18 A NEW IDENTITY CARD which is highly durable, machine-read-able and credit-card-sized will be introduced next year. Conversion to the new IC will be carried out in phases over five years from 1989, said Home Affairs Minister Professor SJayakumar yesterday. He was speaking
    338 words
  • 67 18 Reuter DRINKS GIANT Seagram Co Ltd of Canada made a new bid for French cognac house Martell et Cie yesterday in what could be the final shot of a six-week takeover battle with British hotels and beverage group Grand Metropolitan PLC. Montreal-based Seagram raised its
    Reuter  -  67 words
  • 371 18  -  By LISA LEE EVEN BEFORE the new controversial Capri could settle comfortably in the smoker s market, another new ultra-slim cigarette has been brought in, this time by Rothmans Industries. Called Superslims, the new cigarette weighs even less than Capri which was launched last week
    371 words
  • 438 18 Reuter PHILIPPINE WORKERS yesterday threatened to shut down a major export complex over the closure last week of a toy factory making Barbie dolls. J D Harper, president of Mattel Philippines Incorporated, said last Thursday the decision to pull out
    Reuter  -  438 words
  • 167 18 Reuter AP THE INTERNATIONAL Monetary Fund, pleased with the Philippine economy's performance, has agreed to extend a stand-by credit facility, Finance Secretary Vicente Jayme said yesterday. The 18-month 198 million SDR (special drawing rights) facility was due to expire on April 23. The facility had
    Reuter; AP  -  167 words
  • 346 18 Bernama FOREIGN MINISTER S Dhanabalan has reiterated that Singapore will not do anything that will threaten the security of Malaysia, nor will it allow "anyone from using Singapore to undermine the security of Malaysia". Speaking to six Malaysian journalists who are on a
    Bernama  -  346 words
  • 117 18 Reuter ECONOMIC policy-makers say the world will escape recession and may be healthier after the recent stock market and currency turmoil, but have a hard time convincing businessmen, or even all their colleagues. "There is a lot of pessimism," David Mulford, assistant secretary of the US
    Reuter  -  117 words
  • 473 18 Agencies PRINCE NORODOM Sihanouk yesterday said he was refusing to meet diplomats from nations that support Cambodia's resistance government. He added that he was cancelling meetings already set with diplomats prior to last weekend's announcement that he was quitting the presidency of
    Agencies  -  473 words
  • 151 18 Reuter HONGKONG has overtaken Rotterdam as the world's busiest container port, Marine Department director Gerry Higginson said yesterday. He said the port had recorded a 24.63 per cent increase in container traffic in 1967, while officials in Rotterdam anticipated no increase
    Reuter  -  151 words
  • 106 18 Reuter COMEX GOLD FUTURES moved slightly lower on selling carried over from Friday's shakeout to six-month lows but activity was subdued early yesterday morning as traders assessed the market's near-term direction. April gold was down US$l.lO at U*****.40 an ounce after collapsing by more than US$l3.OO
    Reuter  -  106 words
  • LATE FILE
    • 32 18 Reuter EUROPEAN Community foreign ministers mot in Brussels yesterday in a final attempt to narrow differences over the EC's future financing before next week's emergency summit meeting.
      Reuter  -  32 words
    • 40 18 AP TEN thousand mining supervisors in the UK launched a 24-hour strike yesterday, halting most of Britain's coal production in the most widespread stoppage to hit the coal fields since the yearlong strike of *****6. AP
      AP  -  40 words
    • 50 18 AP GEORGi Malenkov. who was dictator Josef Stalin's right-hand man during the purges of the 1990s snd served briefly as StaMn's sueCVMOT EJfiO'f tftlling MHO 019* ras. is deed et «ts sgs of A Soviet lorslgnminlelry dey that slew days ago. No torthsr detsiis were sveiieMe. AP
      AP  -  50 words
    • 52 18 Reuter POLAND has dtviluid its currency, the zkrty, by 15J per cent against ths US dollar, according to now exchango ratos publishod in Warsaw newspapers yesterday. The official rata listod in ths government newspaper Rzoczpospolita and the Communist Party nowspaper Trybuna Ludu was 380 zloties to tho
      Reuter  -  52 words
    • 37 18 AFP JAPAN-Soviet joint ventures are being blocked by the reluctance of Japanese enterprises and government restrictions, said Mikhail Kiselyov, head of the Asian department of the Soviet Foreign Economic Relations Ministry, yesterday. AFP
      AFP  -  37 words
    • 36 18 AP AGRICULTURAL policy-mak-ers in Japan's government and ruling party yesterday agreed to lift import restrictions on eight farm products to bring Japan into compliance with international regulations, said a party official.
      AP  -  36 words
    • 44 18 AFP THE Philippines will not discuss any extension beyond 1991 of US access to two military bases in the country when the two sides review the current agreement this year, said Foreign Secretary Raul Manglapus in Manila yesterday. AFP
      AFP  -  44 words
  • Page 18 Advertisements
    • 181 18 QUALITY BEFORE YOUR EYES 3> M t Smooth,clear vision at any distance. The tme version by Rodenstock. Left and right, you have heard about lines, there are no more dizzying image jumps progressive power lenses. Here's the version and you even look much younger! you ve been waiting for. The
      181 words
    • 461 18 De Bono on Creativity Lateral Thinking Singapore, March 17 18, 1988 IN ORDER TO REACH A SENIOR POSITION AN EXECUTIVE SHOULD BE WITHOUT OR SHOULD HAVE KEPT HIDDEN EXACTLY THE QUALITIES THAT HE WILL NEED WHEN HE GETS THERE Edward de Bono Edward de Bono is the author of 27
      461 words

  • SHIPPING TIMES
    • 444 19  -  By LINDA CHEE CONCERNED about the widespread declaration of independent action (IA) from Far East ports, the Asia-North America Eastbound Rate Agreement (Anera) is calling an emergency owners' meeting this month to discuss the situation. Hongkong has been proposed as
      444 words
    • 90 19 Reuter SUMITOMO Heavy Industries Ltd has applied for the Japanese Transport Ministry permission to dispose three out of seven of the Sumitomo group s existing shipbuilding docks, a company spokesman said. Three shipbuilding docks, owned by the groups Hayashikane Shipbuilding and Engineering Co
      Reuter  -  90 words
    • 199 19 Seatrade Week JUDGEMENT was handed down on Jan 11 in an unusual case of industrial espionage in the Piraeus shipping community. The managing director of Harrier Maritime, Mrs Harikila Mouratoglou-Kio-seoglou, was sentenced to 10 months imprisonment, for misappropriating business and other documents
      Seatrade Week  -  199 words
    • PORTSIDES
      • 90 19 Reuter ARGENTINE port workers demanding a 32 per cent wage increase went on strike for 48 hours starting on Sunday, the Sole Union of Port Administration Workers (SUTAP) said. "If the economy ministry persists in offering laughable salary rises after Tuesday, action will increase to a
        Reuter  -  90 words
      • 113 19 THE SOVIET Supreme Court has turned down an appeal to reduce the 15-year sentence of a captain whose ship collided with a passenger liner, killing 398 people. Tass reported. Supreme Court Judge Robert Tikhomirnov told the official news agency it refused the appeal by the son
        113 words
      • 119 19 JAPANESE IMMIGRATION authorities have refused to issue landing permits to two crew members of a North Korean ship that arrived on a regular port call. Immigration officials said the two crew members of the 3,573-tonne passenger and cargo ship Mang-Yong-Bong had intended landing to receive
        119 words
    • 453 20 Reuter THE DESTINATION of the five VLCCs booked last week by Saudi Arabian controlled charterers Norbec remains unclear, tanker brokers said. It was also not yet known whether the vessels will be used as floating storage, they said. Norbec was reported last week to have fixed
      Reuter  -  453 words
    • 1035 20 LAST YEAR marked a turning point in the fortunes of bankers with an interest in shipping They had spent too much time in the previous four years defending their loans to credit committees, seizing ships as collateral, or rescheduling the debts of shipowners.
      Sources: Lloyd's Shipping Economist; Baltic Exchange  -  1,035 words
    • 771 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrons VII 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III
      771 words
    • 258 20 TANKERS will make significant operating profits for the rest of the decade, triggering substantial new orders for small and medium-sized vessels in 1988 and 1989, Drewry Shipping Consultants said in a report on profitability. But by the time the vessels are
      258 words
    • 296 21 AFP FT CAPTAIN DAVID LEWRY of the capsized car ferry Herald of Free Enterprise, who was judged responsible for the deaths of nearly 200 people, is to be given a £20,000 golden handshake, the Times reported in UK. In return he must keep
      AFP; FT  -  296 words
    • 149 21 AFP JAPAN has launched a computercontrolled sea probe capable of diving 3,300 metres, government officials said. Science Technology Agency Director General Soichiro Ito launched the cube-shaped vessel on Sunday, the first of its kind to be built in Japan, at a dockside ceremony in
      AFP  -  149 words
    • 293 21 DEBT-RIDDEN Scindia Steam Navigation Company (SSNC) has slipped deeper into the red. declaring a loss of R5812.2 million compared with the R577.2 million deficit of the previous year. The troubled Indian company, which has been at the receiving end of considerable government attention in
      293 words
    • 260 21 AFP ALTHOUGH numerous very large crude carriers (VLCCs) remained available in the Middle-East Gulf over the past week, their number was reduced by the re-entry into the market of Saudi Arabia, which halted the recent rate erosion, London brokers E A Gibson said in their latest report. Saudi
      AFP  -  260 words
    • 205 21 AP A BARGE carrying 1.2 million litres of heavy oil sank 6.4 km off Anacortes, Washington, on Sunday, but there was no immediate sign that the cargo was leaking, the US Coast Guard said. The barge began listing unexplainably in calm
      AP  -  205 words
    • 465 21  -  From Kingsley Wood THE LONG-RUNNING problem of the high cost of Australian shipping, associated port charges and inefficiency is finally coming to a head with industry leaders calling for government intervention to end disputes on the waterfront and the featherbedding of Australian
      465 words
    • 58 21 LABOUR leader Thomas J Sweeney has succeeded Seymour M Bachman as the labour representative of the Oakland Board of Port Commissioners. He has worked with the unions for the last 25 years and is now business manager/financial secretary of the International Brotherhood of Electrical
      58 words
    • 89 21 AFP THE PHILIPPINE Navy rescued 70 people from a woodenhulled barter boat which sank in heavy seas near the Malaysian border, officials said. The 300-ton Crusader, carrying millions of pesos worth of barter goods from the Malaysian state of Sabah, sank near Karakit
      AFP  -  89 words
    • 8094 26 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 of
      8,094 words
    • 1299 27 SUSTAINED activity kept bulker rates steady on the London shipping freights market on Friday with some improvement noted in the Western Atlantic. Japan Line paid U5522.50 (fio) for a 52,000-ton US Gulf-Japan grain movement aboard the Feb 15-29 loader United Approach. Mosvold fixed the Paloma del Mar from
      1,299 words
    • 1350 27 AT CONVENTIONAL WHARVES Kyoono Braata a 02 02 1730 04 *****0 •<rol 3/8 a 02 *****0 0202 1800 I > Berth Arrival Departure Song Tho, tufcy SIC XI J8/9 JI2 *****800 0202 0800 *****700 0202/1800 KEPPEL WHARVES MARINA WHARVES Altasoni Arrow Pnnca Boiyunshon Boiyunshon Dyong front»r Fangqmg
      1,350 words
  • Page 19 Advertisements
    • 734 19 gapok® SIN :o\y tow v Ttm+s f*ut>4i*tun? Croup OOCL Orient Overseas Co*tt<umi Line NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORLD ROUTING' wm JARWNE SNIfftNC AGENCIES (Rag No 242*4/ 00K 200 Cantonmnt toad #12-05 Southpoint. Smpmn 0201 Tal 221 81l TELEX NO RS 2(179 TERMINAUCfS Td *****18 220 BOOKINGS Td *****34
      734 words
    • 70 19 mm LAST YEAR marked a turning point in the fortunes of bankers with an interest in shipping. Page II CAPTAIN DAVID LEWRY of the capsized car ferry Herald of Free Enterprise, who was judged responsible for the deaths of nearly 200 people, is to be given a £20,000 golden handshake,
      70 words
    • 769 19 4 BALT-ORIENT LINE 1 Baltic Shipping Co Regular Services from South East Asia to United Kingdom and Hi, ,IL /Villi;.! ■■■11l ftnrlg norm uonunema ports Agent: Singapore Soviet Shipping Co Pte Ltd Td; *****33 MAERSK LINE FAST TRANSIT TO CHARLESTON 29 DAYS FROM SINGAPORE 34 DAYS FROM PORT KELANG 33
      769 words

  • Page 20 Advertisements
    • 587 20 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT HONGKONG EXPRESS CARDIGAN BAY RHINE MARU TOKIO EXPRESS KOWLOON BAY BENAVON ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST. DUBLIN. COPENHAGEN, AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM, CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT KAOSPORE HONGKONG HSIUNG NOTE: CALLING KOBE 15/2. TOKYO 18/2 CONV/SEMI-CONTAINER
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    • 29 20 of t£ V o CeS r ®P res n '®d by ,he Re 9' str y <* Accredited j l'?Sh ?hinoi' n9 A 9en i ,S> Singapore National Snipping Association.
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    • 326 20 CHARGEURS RE UN IS SIKGAPOBf F MOUIBIf S ??73?-U FA* 2JSSBSI Optorg Shipping Pte. Ltd x E L MA L MPQC C A lIADi* II A f AfirrnTiHAf rkS»rtiT .tir li ATI Port J*****1 3 Petal.nq J*ya 7t>7Sf»i, i Penang 623T4S AGENTS SINGAPORE ANGLO-FRENCH SNIPPING Tel 222*111 Tetei RS2ISSO r»iOSS«SI
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  • Page 21 Advertisements
    • 810 21 The Straits Steamship Group Mansfield Container Shipping Re Ltd m F&O Containers CONTAINERS** SERVICE TO UK/CONTVCNT: STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok fmt\:;in; ■1 PC CASUS PROGRESS VSItN rtcasus progress vstn SPORE BKOK In Part/M FA FA •II FA 1213 FA OSAKA BAY KtTAHO MAM LARA
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    • 641 21 EUROPE nta aaiiM sauTM lEMAI SBMTM TMMI SCMTM —CM ttMTM VF 711 KK Wf 712 MR Wf HI 24K ffM ID •Ml lUJ ZZJI I4J) KJ4 KJ4 DSIjKTI KJI ll.lt I7JI 11MI 14J1 lIJI mi |zui tui iui ILK IIK ILK USA/PANAMA IL:J -.11 TO USA/CANADA WEEKLY FULL CONTAINER SERVICE
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  • Page 22 Advertisements
    • 446 22 lIS I NOSE MARITIME PTE LTD Kffvl ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN EL RAM IRAN TAKHTI Singapore m 1/3 Loading forBANDAR ABBAS 00[SI KYOWA LINE PNC/S. PACIFIC SERVICE Singapore Loading for: URANIA 4 27/2 JAYA, LAE, HRA, TLG, LTK, MALAU MICRONESIA SERVICE SPORE PK LOAD FOR A VESSEL
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    • 474 22 FULLY CONTAINERISED SERVICE CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL WONSBON KUANTAN S'PORE LOADING FOR 21/2 DUBAI, DAMN GEN AGENTS: CROWN MAM ME CO (PTE) LTD TEL: 2227 MS (9 UDM) FAX NO: 223M58 SUB-AGENTS: KUALA LUMPUR TEL: TBIIBBB/ PENANQ TEL: S/2 7/2 SIN NUA 21/2 2*2 HONGKONG, XINGANC SIN UAN
      474 words
    • 212 22 T/a FREIGHT LMS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CmTTAMNfi: SAILING 5/2 9/2 FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MEULLA, TANGER. TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER A ISTANBUL U.S.A. PAPUA NEW GUINEA PORT MORESBY, RABUAL, LAE KIETA, MADANG KIMBE NOUMEA 21/2 SUVA/LAUTOKA 21/2 NEW ZEALAND
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    • 827 22 EVERGREEN Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GRAND EVER GREET EVER GLOK EVER GENTLE EVER GENTRY EVER GUIOE EVER GOLDEN EVER GAROE SCP NRG KSG KLG PUS as yg 2/3 Iff iff mo uo w IM ivj D/I an uo an ao ao W V W VI 1 aa 40 M
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  • Page 23 Advertisements
    • 607 23 PACIFIC INTERNATIONAL LINES YV\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE 7/1 11/1 11/1 BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE MM ML BLW PC* «N M PORT i/14/ii/i 7/1 7/1 1M 1 J/J i«/j 17/1
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    • 496 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT (TON HAM I'NAVtN ROM MkMK an ap op vp aa 40 M 110 uu wi CM un HI 1M M MI SA jw m an an W I* HN MM 12N 12N 1M l»N IM im an on nj* jw m a*
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    • 436 23 X A OAJ^R'MN I TMM s MR E jtmtuanoHmmm* DJAKARTA LLOYD INDONESIAN NATIONAL LINF PRE LUNAR NEW YEAR LOADER SPECIALLY ARRANGED FOR YOUR SHIPMENT VSL/VOY RUTARAMfIONB ANTWERP RDARbAOAM 150 H'BURC/RREMEN W *•-i-K' I ItOvl 'vl J-"} A'i M.T.'»•]»:* i n,s Telephone *****?? Singapore U* jata ACENCIM Terminal 53i3722 *»■'»»<» SISAL
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    • 319 23 BOUSTEAD SHIPPING AGENCIES t* BURMA FIVE STAR miffiM mrmm (Burmese National Line) Spore 55SSS V) NTONEYWA VZBN \JI9 Fab PAGAN VIM 13/15 Fab PA-AM VUIW 5/21 Fab P.Kelang Pwiang Bangkok IN Fab 14/15 Fab 22/24 Fat CLYOCBANK V22N FOBTHBANK V2IN TAMAITAI SAMOA VI2N IVY BANK V2IN SPORE ROAM HULL HMI
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  • Page 24 Advertisements
    • 1247 24 K"LlflE SHIPPIFIG-DATA rtlrfitic coast (Round-The-World Service) •PK/PMG SPORE NEPTUNE JADE VU SM 4 Fab 27 Feb I Mar 10 Mir 12 Mar It Mar ORIENTAL FAIR V 7 (Fab 11 Fab S Mar 15 Mar 17 Mar 19 Mar 23 Mar RAINBOW BRIDGE VU 13 Fab II Feb 12 Mar
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    • 601 24 INDIA EXPRESS CONTAINER SERVICE LOTTI SCHCEI V.U INOI AN COURIER V SO A PRADESH VXH THEOOOR FONTANE V ISM tOTTE SCMEEL V B INDIAN COURIER ViM S O NACAUNO VJM THEOOOR FONTANE V.HN 10TTE SCHEEL V.J3 INDIAN COURIER VJM 10 TRIPURA VJM 10TTE SCHEEL VJ4 THEOOOR FONTANE V.I7N LOTTE SCHEEL
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    • 670 24 GOLDEN LINE GUAN GUAN SWUNG (PTE) LTD a. T«M Amt Strmi SINGAPORE 0104 Til. SHHM (It LINU) Fu SM3SM STRAITS/PERSIAN GULF SERVICE: Sport GOLDEN HARVEST Co<omtio/KaraeM>wbai M Fab GOLDEN HAVEN Cotombo/Kjnchi/Outo. 21/22 Fab CHINA SERVICE A VESSEL Shinfhn/Hsinkani 4/6 Fab G. PING THE PEOPLE S REPUBLIC P.tMani Nwn Kaantan KUMNNC
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    • 489 24 uuu.\ i^iryMM':^ 1 r Win PHI LI Oni€NT LIN€S PT€ LTD [PL J HEAD.OffiCT 63 ROB NSO* ROAD -07 ATRO AS.A BUILDINu S'NCA''OPr 01C5 TfU« PS Z87?0 PHILI fA» N SONS ROK. REELING. mrifilJl. BANGKOK. TOKYO, COLOMBO. KARACHI. BOMtAT EAST AFRICA/MEDITERRANEAN ","'nii.'Vjinr •BRA. TAMATAVE. NEUNON. TAMA LATTADA. KNGHAO TRTOU. ALEMNONM.
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  • Page 25 Advertisements
    • 641 25 1 NEPTUNE ORIENT LINES LTD J Bihfu NEPTUNE AGENCIES PTE. LTD. FE EU/AUST TPA/SEA Terminal CFS BOOKINGS *****53 27KW *****22 *****53 *****U 27*111 *****11 *****41 NEPLINE SON. BHD. 3HW7 INHARD/OUTWABD NEPLINE SDN BHD. 2(***** ENQUIRES *****44 NEPLINE SDN. BHD. t2U35/177M0/t271t1/127«2 NEPLINE SDN. BHD. *****0/2M041 ri 2 T A mombor of
      641 words
    • 353 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P. KELANG. PENANG. BUSAN. INCHON Votaoll Nam ETO BS BKK SPORE PKELANG BUSAN MO JI BOCHURN/OOIN IS/01 to Ptrt No» Dontm/OOIN li/01 27*1 In Port (0-03/02 15-IMB 2MB No I Donam/OIN 2MI 00*2 12-14/02 IVI6/B2 26-21« 02/03 #No 6 Donam/OOIN BUB
      353 words
    • 901 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 ***** PENANC MESSRS MAI TOOK SNIPPING 127 PonoMSftoot. Pom* Motor" CtttK. JAYAPOH KHANS. T* *****4*22*8, Tota: MA 400*1 PASJR
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  • Page 26 Advertisements
    • 313 26 ■7*TOTJiTiT*imJT7Trk IRES CORPORATION (PTE.) LTD. TEL 225 6868 (30 Lines' FAX *****39 *****76 TUEX RS ***** A B SSCMA RS ***** A B SSCAO V E,B DEU TF R ACHT/SE EREEDEREI R'JSTOO QjQ yy yy 53] "YIA COLOMBO: Accapbnf cargo lor INDIA Bointey. Coehm, Madras t Calcutta ~WA LARNACA: Actapbm
      313 words
  • Page 26 Miscellaneous
    • 164 26 w Regional Weather N> f. u Hi ft h ■4 X 'A I ft s a JfTj SIGNIFICANT WEATHER AMD SEA CONDITIONS AT 7.30 A.M. THIS MOftMMG. R T*n*ero*« *<. 1 Weother Wnd d»«c*on w«h ipeed «i knon "o* l w~,« h^*, Cloudy Sky Wki «Wl wd«*l*d by vrnn vfect
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  • Page 27 Advertisements
    • 888 27 UNI-OCEAN LINES PTE. LTD. 60 Cecil St. #02-01. KPB Building S pore 0104 Tel: *****66 15 Lines) Telex: RS ***** UNISHIP -I 1 3 > i CHITTAQONG CHALNA 26-8/2 11-14/3 15-17/3 a-n/3 1-3/4 Voy SIN ■8 20/2 M3l 5/3 K33 22/3 VESSEL LIYANG LIYANC LIYANG M TOMS MAX. UFT 40
      888 words
    • 221 27 TRANS Kjd TRADING AGECY PTE. LTD. [E IRAQI LINE I**ol S T »M *HTi«r«lSi »0« ■MITIBf TRANSPORT ALFARABI MV SINDBAD WV ALFARABI EAST BOUND SERVICE ETA SPORE LOADING FOB W Japan M Japan WEST BOUND SERVICE ETA SPORE LOADING FOB W Jaddaft Aoata THROUGH B/U to BAGHDAD UPON REQUEST ALSO
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  • Page 28 Advertisements
    • 355 28 Hai Sun Hup Co (Pte) Ltd TEL *****06 120 Lines) TLX RS ***** RS ***** fc. I \S 1 I K\ R I IM K. III). w J STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS VOY. NO s'pore .P. Kelang Yokohama fegoya haka itnbofcu itnboku 19/2 •Subject to
      355 words
    • 508 28 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST AND FRENCH WEST INDIES AI«o Mrvinf Halifax, Montreal, Tar Norfolk. Savannah/FRENCM W. India* D. Cannes ■meeting vsi For Gulf: UERNBERC ATI. ru«Tic concert New Orleans, ruTTGAItT EXPRESS Houston/Mexico Vara Cruz, Mtiico City. rto New York, Baltimore, Portsmouth. Port Da Franca,
      508 words
    • 270 28 LCL WEEKLY SERVICE TO: KEELUNG 8/2 HAM/BREM 4/2 BANGKOK 3/2 ROTTERDAM 4/2 MKKONG 1/2 TtMY 4/2 FRBIAIITIi 18/2 SYB/M&B 7/2 ADELAIDE 16/2 (transit Unw 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY ETD GERMANY ETA S PORE CON-CARRIER 55/87 14/1 4/2 CON-CARRIER 56/87 21/1 11/2 LCL SERVICE TO CARRIBEAN PORTS ST.
      270 words
    • 646 28 m TO EUROPE FEEDER CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE i K. LUMPUR *****53/*****11 04-*****2/4, *****3 •07-*****8 '07-*****3, *****5, *****0, *****1 <02-*****22 *****88 WEEKLY FAR E SERVICE MTHf) VSL a. sum* SELANOtA TOT AM* OTHER DESTINATIONS: AARHUS AMSTERDAM ANTWERP. BASLE. BREMEN BREMERHAVEN. COPENHAGEN HELSINKI. MALMO
      646 words