The Business Times, 13 September 1988

Total Pages: 32
1 32 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, SEPTEMBER 13, 1988 75 CENTS
    11 words
  • 250 1 AP Dow up WALL STREET stocks were mixed in early trading yesterday. with turnover light. Senior Sanford Bernstein trader Jerome Hinkle said trading would remain quiet until tomorrow, when the monthly US trade deficit report is due He added other data this week might show inflation growth.
    AP  -  250 words
  • 344 1 THE VALUE of gold yesterday plunged to a 17-month low of U*****.50 an ounce in London, sparking off fears that the metal could be heading for US$4OO. Dealers attributed the sharp fall, which started in New York last Friday, to
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  • 136 1 NEWS that Japan s trade surplus with the United States had narrowed to U553.25 billion in August, from U553.73 billion a year ago, sent the US dollar rising slightly against major currencies in Singapore yesterday. The US unit ended at 133.70 Japanese yen and
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  • 205 1 REGIONAL MARKETS closed little changed as fears of rising interest rates continued to worry investors. In Singapore, share prices ended marginally higher in another featureless day of trading as investors remained unsure of the markets direction. The Straits Times Industrial Index inched up
    205 words
  • 473 1  -  Republic has near-perfect score in institute's survey of country risk By CHUANG PECK MING SINGAPORE'S rating in the eyes of Japanese investors has jumped five notches, placing the country among the world s top investment havens. The republic has been rated
    Source: Japan Bond Research institute  -  473 words
  • 399 1  -  By JOHN TAN SINGAPORE'S ECONOMIC development strategy for the 1990s is to be mapped out with a helping hand from major multinational corporations that have significant operations in Singapore. Initiated by the Economic Development Board, a conference to be held on Oct 24 and
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  • 401 1 Reuter, UPI JAPAN'S worldwide trade surplus and its imbalance with the US both narrowed in August, surprising economists who had predicted they would grow The country's trade surplus dropped to US$4 94 billion in August from US$5 15 billion in the same month last
    Reuter,; UPI  -  401 words
  • 386 1  -  By SHOEB KAGDA TO COUNTER protectionism in the US and Western Europe, East Asian countries can coordinate their policies and combine their strengths to improve their bargaining power, said Prime Minister Lee Kuan Yew in an interview wrth the International Herald Tribune.
    386 words
  • 216 1 SINGAPORE has been left out of the latest annual US government listing of countries that have thrown up barriers to bilateral trade. This exclusion reflects US recognition that Singapore practises fair trade in an open economy which is conducive to US business
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  • 115 1 THE AMERICAN Commerce Secretary. Mr William Verity, will arrive in Singapore 'or a one-day visit on Thursday, the Ministry of Trade and Industry said yesterday. Mr Verity will meet the Minister of Trade and Industry, Brigadier-General (Res) Lee Hsien Loong, to discuss economic matters of
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  • Page 1 Advertisements
    • 212 1 Nikon The World's Finest Photographic System. Take up high living at Penthouse 6 Room at the top at down to earth prices S 85 for Single Room $100 for Double Room Krom now to 31 December 198# onlv Live it up at Penthouse fi Rooms come complete with exclusive sen
      212 words
    • 194 1 Full report, PAGE 18 Reg mkts, PAGE 20 Editorial Comment: 12 Looking down on honesty Election results 12 Figures tell different stories Home News: 2, 3 Aids diagnosis kit maker doing well; High-value greens in the offi ing Foreign News: 5^ Glowing assessment of Asian economies; Latvians demand full autonomy
      194 words
    • 46 1 Nikon The World's Finest Photographic System, i Pa/hcfde Cartier LLf \4>-> °L u A w O \IV w\ '3* vim o« k>/ muut' ck> c artier Bout que/ SINGAPORE *01 36 Lucky Plaza 304 Road Tei *****27 #0104 Hilton Shopping Gallery 581 Ochard Road Te< *****95
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  • HOME NEWS
    • 432 2  -  Sales for local biotech company expected to exceed $9m this year By LILY FERNANDEZ SINGAPORE S DIAGNOSTIC Biotechnology Limited (DBL), which manufactures Aids diagnosis kits, expects sales this year to exceed $9 million. Other new products are also in the R&D pipeline. This represents a
      432 words
    • 453 2 THE GOVERNMENT should nominate a regulatory body for the biotechnology industry as domestic product certification would help pave the way for speedier approvals by overseas authorities. Dr Robert Ting, a visiting American scientist who is also co-founder of a Singapore biotechnology company, made this point
      453 words
    • 434 2  -  By TONG SUIT CHEE ASEAN COUNTRIES need to work together if South-east Asia hopes to capitalise on developing a market for luxury cruises that can rival the Caribbean or the Mediterranean, according to Singapore Tourist Promotion Board s (STPB) executive
      434 words
    • 150 2 SEVEN LOS ANGELES-based small companies wanting to develop Asian markets are on a trade mission to Singapore, Malaysia and Hongkong. The mission, the initiative of LA Mayor Tom Bradley's office, is the first of its kind, according to mission leader Wilfred Marshall, director of the
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    • 239 2 THE CONSTRUCTION INDUSTRY Development Board is conducting a study on foreign workers in Singapore as part of an overall manpower development strategy A CIDB spokesman said the study, which was started in August, was expected to be completed in two months It will review
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    • 173 2 VENTURE INVESTMENT i (Singapore) II Ltd fund is tapping the market again for $10 85 million, less than 1 two months after the first offer of $35 million closed short of full subscription. The VIS II is a venture capital fund investing in growth companies
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    • 507 3  -  Biotech company expects to reap 300 tonnes in first three years By LILIAN ANG INTERVEST Capital Management, the major shareholder in a biotechnology company, expects local consumers to be able to sample its first batch of high-value vegetables by the middle of next year. The
      507 words
    • 256 3 CHANGI AIRPORT voted 1988's "Best Airport Overall, Anywhere" by readers of Business Traveller magazine clinched the title by a clear margin of 94 votes over Amsterdam's Schiphol Airport. Changi, winning the title for the first time, netted 314 votes for the Best Airport category against
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    • 350 3 A NEW AIRPORT is being planned in Rotterdam to complement the European port's long-standing role as the world's biggest port. The deputy mayor of Rotterdam, Mr Roel den Dunnen, in a brief speech to luncheon guests from government statutory boards and the shipping industry,
      350 words
  • Page 2 Advertisements
    • 96 2 nEIIIIH MOID IMF. Quality never goes out of style. That's why at Nutmegs, you can relax in Art Deco comfort, and listen to good old jazz. All served to a different menu every day of the week. A changing selection of the best from our chef, including live seafood, a
      96 words
    • 111 2 INVESTMENT OPPORTUNITIES IN WESTERN AUSTRALIA If you are looking for good investments in Western Australia, we can provide expert advice and information for Farming, Industrial Commercial Properties New Business Development Agriculture produces for export in bulk (barley, wheat white lupine) Interested parties please write or telex to EMAS INVESTMENTS (S)
      111 words

  • Page 3 Advertisements
    • 51 3 NATIONAL UNIVERSITY OF SINGAPORE Public Lecture by Dr Pierre Aigrain Lee Kuan Yew Distinguished Visitor Topic Impact of Microelectronics on Modern Technology Date Tuesday 13 September 1988 Time 6.00pm Venue Lecture Theatre 27, Kent Ridge y Pfe 4 Of WKM ,<..!■ Ml F> MTIOIUA UWVWSfTr JJI For enquiries please call:
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    • 282 3 Tomorrow's way of flying today /r 1 «E*S *rm m r> I J s i I r "Work class" by day. Wjji I "Sleep class" by night. SAS Euro Class. And we now fly 5 times a week to Europe. Giving you more choice for your business trips. Whether you
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  • Page 4 Advertisements
    • 411 4 Now there's room for everyone on the fast track. Compaq introduces the best of 386 technology for every computer user. ■■iflHßn Tbe new 25 MHz COMPAQ DESKPRO 386/25 Tbe new 16-MHz COMPAQ DF.SKPRO .m s ■fit 4 f i Tbe 20-MHz COMPAQ DESKPRO $86/20 Tbe 16-MHz COMPAQ DESKPRO 386 MM
      411 words

  • ASIA-PACIFIC
    • 324 5 MBT A BUOYANT ECONOMY, improvement in disposable income and lower interest rates have resuscitated the flagging property market in Malaysia. PB Securities monthly review said there has been renewed interest in property, especially for residential units and office lots in major towns The review
      MBT  -  324 words
    • 230 5 Tyson's next match fight with Toyota AFP WORLD heavyweight boxing champion Mike Tyson's next major fight may be with Toyota of Japan, if a Japanese anti-apart-heid activist has his way. The Reverend Shigeo Kuwabara, chairman of the Committee on Social Concern of the United Church of Christ in Japan, hopes
      AFP  -  230 words
    • 936 5 ARRIVALS Operator Service Local From number time MAS MH640 0820 KUl SVA SV398 0835 JED/RUH SIA SQ417 0845 DXB/KHI MAS MH651 0910 PEN MAS MH630 0920 KUL ACA AC888 0925 YYZ/LHR/BOM SIA SQ103 0950 KUL CPX CX710 0955 CGK CAL CI806 1000 CGK GIA GA960 1100 CGK
      936 words
    • 198 5 AFP VIETNAM is placing "man-made obstacles" in the way of peace in Cambodia as it seeks to destroy the country's resistance groups one by one. the official New China News Agency (NCNA) said on Sunday. "Vietnam hopes, by sowing dissension, to disintegrate and
      AFP  -  198 words
    • 421 5 AFP ASIAN approvals for International Finance Corp (IFC) projects rose 15 per cent from a year earlier to USS3O6 million in the year to June, the World Bank affiliate says in its 1988 annual report The modest growth in Asian approvals, which compares with a
      AFP  -  421 words
    • 245 5 AFP MANUFACTURERS in Japan and newly-industrialising countries such as South Korea are likely to increase their investment in the Philippines, International Finance Corp (IFC) vice-president Judhvir Parmar said. Japanese manufacturers must either die or move abroad", Mr Parmar told a news conference in Manila
      AFP  -  245 words
  • Page 5 Advertisements
    • 58 5 rI tf ml JM \l\ If IJM The business person's choice, every I I II I II I Tuesday. Thursday, Saturday and I MM Ml II M Sunday Leaving Changi Airport a« JL 22 05 hours and arriving at Lester B Pearson International Airport the 'ollow.ng day Call your Travel
      58 words
    • 185 5 IF HE CAN CARRY IT, WE CAN CARRY IT. WORLDWIDE. i t v* J mmwm trt j -3^ .tf s a "V Sf- !•< i mu w fff- 1 i a V V* *»-»<• X A lot of people believe DHL only carry documents. It isn't true. DHL also carry
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  • REST OF THE WORLD
    • 549 6 Reuter LATVIANS UNITED in a new popular front have demanded their Baltic homeland be declared a sovereign state with full economic autonomy and veto power over Soviet decisions which affect their interests The front's draft programme, published in the Latvian Communist Youth newspaper Sovetskaya
      Reuter  -  549 words
    • 234 6 AFP SOME 300,000 people have gathered at Estonia s biggest ever political rally, where speakers called for independence for the tiny Baltic state, participants said. One in three Estonians attended the rally, said economist Tut Made "The Baltic states have never seen anything like it.
      AFP  -  234 words
    • 394 6 AP US UNIVERSITIES are losing interest in literature, language and history but Americans are showing a "remarkable blossoming" of interest in cultural events, spending more money on them than on sports events, according to a US government report. The report
      AP  -  394 words
    • 183 6 Reuter BRITAIN RULED out panic economic measures in response to a record balance of payments deficit and said there would be no Autumn 'mini-budget' John Major, chief secretary to the Treasury, said the economy was still fundamentally strong, though the deficit figures were unwelcome
      Reuter  -  183 words
    • 251 6 AP BOURGEOIS CAPITALISTS set up tents beside leftist guerillas and Yves St Laurent showed couture gowns at the annual celebration of French communism. Hundreds of thousands of people attended the weekend "Fete de I Human ite" in La Courneuve. a working class suburb
      AP  -  251 words
  • Page 6 Advertisements
    • 242 6 Who puts you on the road to results with interactive networking? r The dealer with the right connections The simplest way to improve business operations is to avoid duplication of effort. And the simplest wav to do that is to centralise information and give your staff immediate access to it.
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  • Page 6 Miscellaneous
    • 52 6 Doonesbury OKAY, LET'S START WITH YOUR SERVICE RECORD.,. I r 9-9 ISERVED HONORABLY IN THE NATIONAL GUARJ? FOR SIX YEARS I 5* THE BACKGROUND CHECK. i I m BY GARRY TRUDEAU OKAY; OKAY. BVER BEEN INVOLVED IN AN Y KJNP OF SCANDAL 7 I NEVER LAID A HANP ON HER
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    • 112 6 ////4 r Max/ Note Mln (°C) 16/09 Showers 19/13 Cleor 29/18 Cloudy 38/30 Cloudy 31/24 Clear 25/24 Cloudy 29/17 Clear 33/28 Cloudy 19/15 Cloudy 22/17 Fin. 20/08 Cloudy 26/14 Clear 09/03 Cloudy 1 3/07 Showers 26/17 Cloudy 30/10 Rain 22/14 Cloudy 31/23 Fine 15/08 Clear 25/11 Cloudy 24/13 Clear 33/24
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  • TECHNOLOGY
    • 570 7  -  IP® mmm Jeffrey Tsang TIME IS MONEY. And the axiom is only too true in the field of personal computer communications Information and data recorded in PCs must be distributed in order to be effective, and obviously, the faster this can be
      570 words
    • 971 7 UPI JULIE ZUCKERMAN slid into the "dentist-chair" and donned a pair of dark goggles She braced herself as a beam of laser light pulsed across the large, purplish birthmarks marring her face. Within weeks of the 10minute procedure, the "port wine stains"
      UPI  -  971 words
    • 463 7  -  Software house wants to develop new applications By JEFFREY TSANG SINGAPORE'# reputation for low-cost high-quality software expertise has attracted a Swedish software house to the Republic. Valhall Data AB. a six-year-old Swedish company, is looking for a local joint-venture partner with the expertise to help
      463 words
    • 297 7 NYT IN A NOVEL way of teaching the intricate details of human anatomy, some medical schools are experimenting with advanced computer-imaging techniques to create electronic cadavers. Systems are being designed so that medical students can dissect electronic images, rather than using real cadavers for
      NYT  -  297 words
    • 598 7 Reuter INTERNATIONAL Business Machines Corps PS/2 computers have run up against an obstacle that is proving difficult to overcome the continued popularity of clones based on IBM's four-year-old PC/AT. Since it unveiled the PS/2s in April 1987, IBM has tried to convince
      Reuter  -  598 words
  • Page 7 Advertisements
    • 175 7 The following IBM Business Partners ean help you ou the road to results: Aaron Asher Bun inch* MacliincM Pte Lid 17 kee Road Singa|M>re (XIIS Tel: 472 0911 Asian Computer Services Pie Lid 15-1 Clemeiu-eau Avenue #02-(X) II aw Par Centre Singapore 092.4 Tel: .mom Hizland Systems Pte Ltd 25
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    • 258 7 m v\ I.Vs p v> V 2% s 3-Storey Terrace Houses on Hilltop next to Kent Ridge Park. Science Centre National University of Singapore NUS Hospital v% Kent Ridge Park National Youth Leadership Training Institute Training Health Education Haw Par v Villa St Andrew s Junior College Flynn Park PSA
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  • MONEY AND EXCHANGES
    • 1387 8 Reuter SINGAPORE: THE US dollar closed easier against most major currencies yesterday. Against the Singapore dollar, the US dollar closed firmer at 2.0365/75 in torpid trading. It traded within a range os 2.0375 and 2.0358. It opened initially at 2.0355/65 OCBC. The US dollar ended slightly higher in
      Reuter  -  1,387 words
    • 270 8 ASIAN DOLLAR deposit rates ended little changed from opening levels, after a day of thin trading yesterday Most operators were sidelined ahead of tomorrows release at 1230 GMT of US July trade figures. Short-dates were steady to 1/16 point higher at the outset. Overnight and week-fixed closed
      270 words
    • 494 8 December Eurodollar futures opened 6 ticks higher than last Friday's close at 91.28. The December contract traded to the day's high of 9130 on following lower crude oil prices Dec Eurodollar traded to a low of 9126 on heavy profit-taking ahead of Wednesday US July trade figures. The December
      494 words
    • 312 8 IMM CURRENCY futures closed down on Friday, but above their daily lows after quiet trade ahead of the weekend and the release next Wednesday of the July US trade report, dealers said "The most interesting feature of the day was the narrowing of spreads bewteen the yen and the
      312 words
    • 1478 8 CURRENCY FUTURES OPTIONS Monday, Sap 12, 1988 DEUTSCHE MARK (SIMEX) Oct M cal Mfh Low la tM Htf Od 88 puto Law •oo 51 52 55 92A 45A 97 47 3 4 Dac M calls HWl Lm &>a Mfk Dac 88 puts Low So® 52 53 54 58 59
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  • Page 8 Advertisements
    • 145 8 S3P >"#« HOW TO INCREASE PRODUCTION 3 TIMES FROM A SINGLE SHIFT" Ml H I CHAN VICt PRESIDENT MANAGING DIRECTOR CONNER PERIPHERALS SINGAPORE LTD "WHEN WE MOVE TO NEW TECH PARK, WE'LL TRIPLE OUR PRODUCTION AREA AND INCREASE PRODUCTION CAPACITY BY 3 TIMES," SAYS MR CHAN OF r ms MM
      145 words
  • Page 8 Miscellaneous

  • BANKING AND FINANCE
    • 767 9  - Take care It never rains but pours by PAUL FRANKLAND I AM sure you have noticed how the weather seems to be changing in Singapore, particularly if you have been watching the pattern over the years. It seems hotter all round and the rains never seem to come at the
      767 words
    • 378 9 THE SINGAPORE International Monetary Exchange is steadily moving closer to the level of transactions that is necessary to maintain the mutual offset link with the Chicago Mercantile Exchange. According to the August issue of the Slmex Newsletter, the total volume traded
      378 words
    • 189 9 Indicate* th* iv«rig« of Ih* prim* lending rate* of 12 ma|or banks In B'por* r Interbank market rataa (offer/bid) on Sap 12 us$ DM SWFC YT 7 doyi i/i i io i/a io J-47/1 a 7/t s/i 4 9/16 /16 1 m0h 1/4 1/t 11 9/16 7/16
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    • 51 9 THE OVERNIGHT r«t« on tha Singapore mon#y markat (oil S/$ point yoatarday to cloaa at 4* Ona- two and thraamontha war# unchanged S$ lnt«rbonk rat*t at dot* y*ft«rday OHH K> Ow««M 4 1/1 < */> (HOT* S 4 7/1 2«m* J 1/1* 4 IS/1* 3-MMk J l/l s
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    • 102 9 Treasury bills Period Issu* Y*st*rday's closing Day's cod* Maturity HO OWM HIGH LOW 3 month* 8Q*****V 8.12.88 4.65 4.60 4.61 4.61 6 months BY*****T 24.11.88 4.65 4.60 1 yoor KY*****S 20.07.89 4.75 4.70 4.69 4.63 Qovsrnmsnt notes end bonds Period Issu* Maturity Coupon Y*st*rday't doting Day's cod*
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  • Page 9 Advertisements
    • 134 9 The safest place for your car radio is in your pocket. 1 a BLAUPUNKT BOSCH Group It's a small point. But it makes a world of difference. W hen ilit- motorist Iravrs his cat, llu* Hlaupunkt Denver SQM l()H radio auompanies him unobtrusively in his |xx ke And when he
      134 words
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      122 words

  • COMMODITIES
    • 287 10 Reuter THE BRAZILIAN coffee market paused over the week after the Brazilian Coffee Institute (IBC) opened export registrations for October/November/December and began its new series of auctions for export stamps Traders said both shippers and buyers mostly spent the week analysing prices, assessing
      Reuter  -  287 words
    • 136 10 Bernama SARAWAK'S trade in black pepper was less than active in the second quarter of this year mainly due to ample supply from new harvest coupled with good offers from other origins. The Pepper Marketing Board of Sarawak said in its April-June issue of Pepper Marker
      Bernama  -  136 words
    • 363 10 MALAYSIAN crude palm oil prices closed lower on speculative selling yesterday and buyers' reserve, in sympathy with a fall in palm oil futures and weaker Chicago soy complex futures on Friday, dealers said. Higher palm oil output and poor overseas offtake were also factors contributing to the bearish
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    • 312 10 HONGKONG: Gold closed near its lows in active trading yesterday. Bullion fell to U*****.00/417.50 an ounce from the US$422 90/423 40 open and New York's U*****.20/421 70 Friday finish Dealers said while the market lacked fresh news, renewed selling pressured gold an hour ahead of the close The
      312 words
    • 175 10 THE KUALA LUMPUR TIN market yesterday extended last week's technical correction falling five cents from Friday's close In cautious trading to M 519.50 a kg. The further declines reflected splll-over selling and a lower close in Europe on Friday. A larger offering, mainly due to a weekend accumulation
      175 words
    • 93 10 Bearish announcements from influential OPEC members sent the market tumbling again yesterday. There is no end to the fall in sight Closing prices for crude (FOB origin) USS/txKrel Chonye Topij (Sep) 13.70 -0.55 Minot (Sep) 13.80 unch Dubai (Oct) 11.50 -0.28 Weit Texas Intermediate, WTI (Oct)* 14.15
      93 words
    • 197 10 Chinese Produce Exchange S*H*n' noon dosing prices on Sep 12 (SS/100 kg) Coconut oil Mli FOB 118.00 Old drum FOB 128 00 Now drum FO® 132.00 Copra Mixod IIoomI 69 Pepper Munfok whit* FOB NLW 777.50 Sarawak whit* FOB faq NIW 767.50 Sarawak special block FOB NIW 420.00
      197 words
    • 317 10 SINGAPORE: Rubber prices eased further yesterday afternoon on long liquidation of nearby positions, in line with lower Japanese rubber markets, dealers said They said trade remained thin, with October RSS 1 buyer quoted at 238 00 cents a kg, down two cents from Friday s close On the TSR-20
      317 words
    • 274 10 R AS prices in 3 c*nta/kg, FO® In bal* NOON CLOSE ftuy*rs S*il*rt 8uy*rs S*l(*n lot 1 RSS Prompt 239.00 240.00N 237.00 238.00N Int 1 RSS Oct 88 240.00 241.00N 238.00 238.50N Int 1 RSS No* 244.00 245.00N 242.00 242.50N Int 2 RSS OP 236.00 238.00N 234.50
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    • 81 10 (canti/kg) OCTORER 1988 NOVEMBER 198< RAS SSR 30 SSR SO MRELB SMI CV SMR I SMS 5 SMR GP SMR 10 SMR 30 SMR 50 (current month) NOON twy*n S*D*n 330.00 333.00N 218.00 330.00N twy*n S*H*rs 351.50 353.50N 341.50 343.50N 390.00 292 00N 313.00N 286.50 388.5ON 284.00
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  • Page 10 Advertisements
    • 349 10 The watch you see below is a classic. To be more precise, it is one of the most important watches in the history of watchmaking: The first alarm wrist watch ever made. Introduced in 1947 by Revue Thornmen, the Cricket (as it was catted, and youll soon find out why)
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  • Page 11 Advertisements
    • 314 11 V m < r v. I t j 1 <* ,c -4 A 3022/1 -110/01 /07/ A If the Market never sleeps, when can the Financial Director go to bed? Unless you're happy to work a twenty four hour day, its impossible to keep up with the sudden peaks and
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  • PERSPECTIVE
    • 486 12 IT USED TO BE rather common practice in times past for kings and queens to execute couriers who brought them bad news That royal habit has now ceased, but regal dislike continues towards those who say unpalatable things. And nothing is quite as unpalatable as criticism,
      486 words
    • 1454 12  -  By RICHARD SEAH THE RESULTS of the 1988 general election seem quite similar to those of 1984. But are they? The overall figures show little change. The ruling People's Action Party was returned to power with three more seats in Parliament one seat re-captured from the
      1,454 words
    • 931 13  -  British labour unions, which used to be sceptical about the benefits of being a member of the European Community, have grown fonder of the concept of a united European economy. CRAIG R WHITNEY examines the shift. CRAIG R WHITNEY NYT THE BATTLE LINES have
      NYT  -  931 words
    • REGIONAL VIEWPOINTS
      • 406 13 INDONESIA "THE DECISION enacted in a presidential decree to abolish the almost 25-year-old National Security Agency Kopkamtib and replace it with a new body the Agency for the Coordination of Support for National Stability Development, Bakorstanas is a historic one. It marks a new stage in the political
        406 words
      • 317 13 THAILAND PERHAPS we shouldn't be surprised Disappointed certainly, but not surprised Representatives of the Police Department, the National Research Institute, the Bangkok Metropolitan Administration, the Bangkok Mass Transit Authority, the National Statistics Office and various academic institutes met to find ways to ease the
        317 words
      • 268 13 MALAYSIA "THE GENERALISED SYSTEM of preferences (GSP) may perhaps be described as the commercial equivalent of a handicap in golf, with the developed nations providing preferential treatment by offering reduced tariff rates or eliminating duties on a range of goods imported j from designated developing countries
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      • 294 13 UNITED STATES MONDAY was Labour Day in the United States, a celebration of the American worker That same day. three US state governors arrived in Tokyo to ask the Japanese to invest in an economical-ly-depressed area of the American south. In return, they are
        294 words
      • 298 13 MIDDLE-EAST IT S HARDLY NEWS when the director general of the Israeli Foreign Ministry says he opposes creating a Palestinian state on the occupied West Bank. It was news when he added, as he did in Washington last week, that everyone knows the Palestinian Liberation Organisation
        298 words
  • Page 12 Advertisements
    • 207 12 The legend in Jakarta takes you to the heart of business matters ml Jft-Jtfflfc 4 i Mu ■.t liil n« pp MANDARIN ORIENTAL JAKARTA Mandarin ()ricntal Jakarta is well placed to lx- the ideal hotel tor busy executives. It is the only grand luxe hotel situated right in the middle
      207 words
    • 168 12 Y J ri ,r -*V Since 1981 Energy Chemicals ,n j.*.:- Technology Centre in Singapore now serving Asia Pacific Our experience is only matched by our resources and facilities Experience is only valuable if you learn from it Over the last six decades our worldwide organisation has learnt a great
      168 words

  • Page 13 Advertisements
    • 177 13 SHANGRI-LA INTERNATIONAL SHANGRI-LA EXECUTIVE ACCOMMODATION PLAN CHINA THAILAND IHI I XIC I "MY! AC c OMMODAMON I'LW Ol II Ks vol Single or twin accommodation at the same special rate Daily breakfast Lite check-nut ol 4pm No pre-payment required Shangri-Li family Plan No additional charge for child aged 18 years
      177 words
    • 143 13 V (> a **33^ n rgit °f£SS *+*54 t-irjp* *++3^ K+t Club 392 The place to be A class act from Los Angeles. Vicki Dove's voice and outstanding showmanship will keep you spellbound You'll be sorry if you miss her! \icki performs nightly (except Sunday) from 9.30 pm V o
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  • LEISURE
    • 418 14 NYT SYNTHETIC FABRICS are changing the face of competitive sports, most recently for female swimmers preparing for the Olympics Companies are offering bathing suits to members of the US team that they claim will significantly trim lap times. The suits have been approved
      NYT  -  418 words
    • 774 15  -  By SANGEETA MULCHAND DAGMAR KOLLER is the closest thing to a whirlwind that I've ever come across. She pursues a dozen conversation topics at a time, juggling them with as much ease as she does her multiple careers as opera singer, ballet dancer, actress and wife
      774 words
    • 433 15  -  By PATRICIA WELLS IHT IT WASN'T even on my mind, but as soon as friends heard I would be spending a week on a diving boat in the Red Sea, they all offered the same, smug warning: "You know, of course, the food will be dreadful."
      IHT  -  433 words
  • Page 14 Advertisements
    • 275 14 r —"loui. VI ajnuieiic IBDriCS IttacK Tower Where to entertain CHERRIES JUBILEE SEPTEMBER 15 OCTOBER 14 Say cherries 1 1} Blackforest cake with cherries, cheese cake with cherries, cherry pie with whipped cream, cherry souffle Juicy, sweet cherries made into your favourite cakes, ice creams and other desserts Available at
      275 words
    • 140 14 food's not just pizza or pasta hxperience the rich and tantalizing taste of the genuine Italian stuff. At Dondang Sayang, Sept. 8-18, buffet fiesta. Select from: Prosciutto I)i Parma Con Melone Vitello Tonnato Passatelli Spaghetti Alia Carbonara Lasagna Verdi Al Forno Anatra Alia Romagnola formaggi Assort it i Lunch (Noon
      140 words
    • 178 14 Salutes Chinoiserie salutes the 'fairer sex' every Tuesday Night. Ladies it's your night out, for fun, and great times. Cover charge is exempted for all females, so guys, tonight's the night to spoil your gals. Hyatt regencyo Singapore 10-12 SCOnS ROAD, SINGAPORE 0922 TEL: *****88 TELEX: RS ***** TELEFAX: 732
      178 words
    • 170 14 Great dining in the Streets H. i «<v i M* I International fare for lunch 12 230pm or dinner 7pm 1030pm. Cafp txrnumimmr STTOCfjM FlazaHotcl (VjrliKiud Sineap<irHl7l9 TH 29W011 The most savoury affair of the month. A treat from carefully selected ASEAN delights. The menu is an interesting mix of
      170 words
    • 160 14 A? K hipular demand From the province made popular by Madame White Snake comes chefs renowned for their culinary skills. Chefs who will prepare delicacies that are fresh and light. We invite you to a new banqueting experience with the finest ingredients flown in from Jiangsu. On from 'fll A
      160 words

  • Page 15 Advertisements
    • 225 15 m iLviu Luscious Lobsters at Unkai. September 1 30 At the Unkai this month: fresh lobsters prepared in over a dozen delicious ways. Savour the creations of Chef Yamaguchi, such as Lobster Sashimi, Grilled Lobster with Salt and Steamed Lobster with Sake, or select from our a la carte menu.
      225 words
    • 131 15 UiacUToujcf IT'S IN BLACK AND WHITE What's that wine you know, the white one in the tall black bottle? It makes you smile. It's the wine of laughter charming, appealing. It's Black Tower. A fruity little thing always ready to please, Black Tower never has an "off day." Forever young
      131 words
  • Page 15 Miscellaneous
    • 630 15 CRYPTIC PUZZLE ACROSS 1 Large box of vital personal possessions (5) 6 Cheeky in a tasteful way (5) 9 Case put wrongly for certain vessels (7) 10 Tough as we get with a movie (5) 11 Not the left sock (5) 12 Bone more than a bit broken (5) 13
      630 words
    • 1228 15 CULTURAL MOMENTS The Bolshoi Ballet 9.30pm, Channel 12 The Soviet Union's most celebrated ballet company has earned universal praise for its treatment of popular classical ballet. But who are the faces behind the Bolshoi Ballet? This programme presents an insight into the background and character of Russia's gift to the
      1,228 words

  • SPORTS
    • 1249 16  -  Wilander becomes first Swede to win US Open By BARRY WOOD IVAN LENDL lost far more than the US Open final. His 4-6, 6-4, 3-6, 7-5, 4-6 loss to Mats Wilander meant he had to surrender his No. 1 world ranking to the Swede
      1,249 words
    • 378 16  -  By CHARLES SAVAGE YOU'LL BE ABLE to witness the pomp and grandeur of the opening ceremony of the 24th Olympic Qemes 'live" on Sep 17 at 6.45 am, the atari of 16 daya of action-packed, nail-biting action from Seoul. Kicking off the Gamee
      378 words
    • 175 16 UPI BRITAIN'S lan Wooanam scored his third win of the year when he ahot a laat-round 65 to take the European Open title on the Sunningdale course in England on Sunday. Wooanam, who won more than £1 million in prize money alone laat year, stormed to
      UPI  -  175 words
    • 232 16 AFP AYRTON SENNA threw away victory in the Italian Grand Prix in Monza on Sunday, allowing Ferrari to go through for an emotional triumph in its first outing on home soil since the death of its founder. It was an incredible
      AFP  -  232 words
  • Page 16 Advertisements
    • 70 16 Par golf is proud to be associated with the winning formula of THE EUROPEAN OPEN GOLF CHAMPIONSHIP 1988. LAN WOOSNAM, THE TOP MONEY WINNER IN 1987, WON HIS THIRD TITLE THIS YEAR PLAYING WITH MARUMAN EQUIPMENT 42% par I XJOLF. MEZZ 27, FAR EAST SHOPPING CENTRE, us ORCHARD ROAD, SINGAPORE
      70 words
    • 253 16 RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1968 (UNAUDITED) The Directcxs are pleased to announce the unaudited results (which have not been examined bv Bank Negara Malaysia) of the Bank and the Group as follows:Profit before taxation (after provision) Taxation Profit after taxation Pre-ocquisition profits Profit on sale of
      253 words
    • 523 16 00 o sa "fc ag "8 j a "I a if <i 5j NOTICES J THI COMPANIES ACT. CAP. 80 KING'S TIMBER SERVICES (SINGAPORE) PTE. LTD. (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed company duly con' vened and held at ODC International Plata,
      523 words
  • Page 16 Miscellaneous

  • COMPANIES & STOCK MARKETS
    • 450 17  -  Insider Trading Trial By ELAINE KOH STOCKBROKER Felix Lim yesterday denied the suggestion that it was he who initiated the deal that resulted in Allan Ng buying a million shares in Sealiorv Hotels in October 1986. Ng is charged with one count of insider
      450 words
    • 283 17 Agencies MALAYSIA AIRLINES has amended its articles of association to enable the government to sell its 42 per cent stake in the company to Bank Negara, Malaysia s central bank. "The amendments to the articles of association were approved unanimously
      Agencies  -  283 words
    • 291 17 BANK OF Singapore (Australia) Ltd, the Australian subsidiary of Oversea-Chinese Banking Corporation, has broadened its range of financial services for retail clients. The 70 per cent owned OCBC subsidiary said yesterday it had acquired a 40 per cent stake in
      291 words
    • 370 17 BONVESTS HOLDINGS Ltd has an option to increase its stake in Coop International beyond the 65 per cent that it is proposing to acquire for $8 66 million cash. In its circular to shareholders yesterday, Bonvests said it will entfer into a
      370 words
    • 119 17 PARKWAY HOLDINGS Ltd: Group profit after tax and minorities of $5.98 m ($5.94 m) on turnover of $45 39m ($34.65 m) for the six months ended June 30. 1988. Earnings per share on a fully diluted basis came to 3.46 cents (4.42 cents). At the attributable level, group profit
      119 words
    • COMPANY BRIEFS
      • 64 17 SELANGOR DREDGING BHD is proposing to raise M 522.84 million through a one-for-three at an issue price of 50 cents per share. The proceeds will be used to restructure and repay part of its foreign currency denominated loans. This will reduce the company's exposure and
        64 words
      • 152 17 METROBILT Pte Ltd, an 85 per cent owned subsidiary of Metro Holdings, has entered into an agreement with Hotel Properties Ltd (HPL) to reorganise Metrobilt's interest in Metrobilt South China Ltd (MSC) and Mainland Investors (S) Pte Ltd. The agreement also provides for HPL to acquire 50
        152 words
      • 50 17 ASIATIC DEVELOPMENT BHD said it is negotiating to finalise terms and conditions of a proposed joint venture project to manufacture rubber dipped products. Dipped products could be condoms and/or gloves The company will furnish details of the venture as soon as an agreement is signed
        50 words
      • 55 17 BATU KAWAN said it has received approval from the Foreign Investment Committee to purchase from Duff Bhd two of its estates totalling 2.435 hectares known as Ladang Kuala Gris and Sungei Teku. together with a palm oil mill and plantation related assets for a total
        55 words
      • 30 17 HWA HONG Corporation Ltd said it has failed to reach an agreement for the purchase of Seiclene House with the owners of the building
        30 words
      • 93 17 DAYAPI INDUSTRIES (M) Bhd is to acquire 49 per cent of Imperon Holdings Sdn Bhd. a property development company, for Ms 2 22 million Imperon owns a piece of leasehold land of 22 acres in the outskirts of Kuala Lumpur The layout plan has
        93 words
    • 574 17  -  By CORRINA LIM THE HOUR GLASS, which launched its public offer yesterday. is going for a bigger bite of the Japanese tourist dollars. As part of its marketing strategy. the up-market retail group is setting up shop at Surfers Paradise, on the Gold Coast
      574 words
    • STOCK EXCHANGE OF SINGAPORE
      • 139 18 Company RIGHTS ISSUE F N Two'or-five 13 00 per share Ex-dote: Sep 5 Books dose: Sep 15 QAF ltd One-for-two ft $040 per shore Ex-dote: Sep 19 Books close: Sep 29 Ral«igh Seven-for-two $100 per shore Ex-dote: Aug 31 Books dose: Sep 14 S P P One-for-two $0
        139 words
      • 272 18 Company RIGHTS ISSUE C 1 Holdings 27 million loon stoda in the ratio of $3 loon stock for every five ordinary shares held Duta Cons One-for-one $110 per shore F A C B One-for-one JO 60 per shore General Corp Issue of $49,204,936 nominal amount of 8% Convertible
        272 words
      • 124 18 LARUT TIN FIELDS Bertlad: 57th AGM at the Kuala Lumpur Hilton, Jalan Sultan Ismail, ***** Kuala Lumpur on Wednesday. Sep 14, at 9.30 am. METALOCK (SINGAPORE) Limited: 19th AGM at 27 Gul Drive, Singapore 2262 on Sep 15 at 10am. PAN MALAYSIA CEMENT WORKS Berhad: 25th AGM at
        124 words
      • 298 18 Managers' prices Ifor Sep 13 Singapore Unit Trust The Commerce 098 104 The Savings Fund 086 092 S'pore Prog Fund 041 045 S'por* Sec Fund 065 070* S'por* Invest Fund 069 074 S pore Equity Fund 049 053 Asia Unit Trust Mot Invest Fund 139 1 49 Mai
        298 words
      • 699 18 SHARE PRICES in Singapore closed slightly higher after drifting aimlessly in thin and dull trading yesterday. The Straits Times Industrial Index edged up 1.92 points, closing at 1065.45 points, while the broader-based Business Times Composite Index shed 0.78 points to close at 938
        699 words
    • 5301 18 1988 High Low Tsl Cod* Company Last Sale OfGr'a Dlv Dlv C'vr Gr'a Yld Net P/E Vol Day 000) High Low Last Quote Buyer Seller SECTION ONE INDUSTRIAL ft COMMERCIAL 141 85 218 167 135 460 186 350 129 167 i 177 297 59% 354 555 565
      5,301 words
    • SES/KLSE
      • 547 19 KUALA LUMPUR stock prices finished broadly lower yesterday in quiet trading with business volume dipping to below 10 million shares Featureless trading was the order of the day as operators continued to stay away Despite the higher Tokyo opening, prices started off easier and thereafter drifted
        547 words
      • 319 19 Bernama A DIRECTOR of Bandar Raya Development Bhd told the sessions court in Kuala Lumpur yesterday he was unaware of 12 payments totalling Ms 9 million when they were made by the company to Guthrie Malaysia Holdings Bhd and its
        Bernama  -  319 words
      • 633 19 BONDS, LOANS WARRANTS Company Expiry/ Coupon Conversion period inlereei Conversion term lor one ordinary •bare maturity date <%) payable Oman Hop Wrti 1991 Anytime on or ofler Mor 1987 1 6 worronts plus $1 60 cosh until Dec 31. 1991 City Dev Roods 1994 5V4 Feb 1 City Dev Wrti
        633 words
      • 800 19 Current p«ym#nl Ei dote Book* Dote payable Total lor the year Total tor loat year Ale* Hldgt Asiatic Do* B Raya lata Berjuntai Bvkit Kotil C C M Cartsborg Cold Storage Com Plant 0 C Bank DM16 Bhd Duniop Est FAI Ins Fufitec G E Lifo Gontings George
        800 words
    • REGIONAL MARKETS
      • 587 20 Reuter SEVERAL FOREIGN trust banks are expected to reach an agreement with the Japanese Ministry of Finance allowing them to manage a greater share of the international assets of Japan's 26,000 billion yen corporate pension fund market. Under ministry guidelines, no pension
        Reuter  -  587 words
      • 577 20 Australia Reuter THE AUSTRALIAN share market closed sharply lower yesterday as resource stocks tumbled in line with gold bullion price declines. Brokers said trading was listless as institutions stayed on the sidelines on fears that the market would fall further and in the absence of a
        Reuter  -  577 words
      • 595 20 Tokyo Reuter TOKYO SHARE prices managed to sputter upwards yesterday, closing near their highs, after barely budging throughout the day. brokers said. "It's generally a pretty characterless market." said Ross Rowbury, a broker at Sanyo Securities. "Basically, it's a wait-and-see attitude, therefore the more incen-tive-backed stocks are
        Reuter  -  595 words
      • 291 20 Bernama SHELL COMPANIES in Malaysia, which is embarking on the mammoth Middle j Distillate Synthesis (MDS) project in Bintulu, Sarawak, has shorlisted two Japanese construction companies to build the plant. Declining to name them. Shell natural gas manager. John French said
        Bernama  -  291 words
      • 1479 20 Hongkong SHARE PRICES on the Hongkong Stock Exchange closed lower in thin trading yesterday. The Hang Seng Index, the market's key indicator of blue chips, lost 27.62 points, closing at 2,468 94. The Hong Kong Index lost 19 60 points to 1.630.90 Turnover amounted to HK$335
        1,479 words
      • 392 20 Reuter A CONTINUED selloff by investors, mostly concentrated on banking shares, sent the Taipei weighted index down in cautious trading yesterday The index fell 47.68 points or 0.62 per cent to end at 7.581.59 against 7.607.85 in early trade and Saturday's 7,629.27 close. Turnover tell to NT$42
        Reuter  -  392 words
      • 160 20 Reuter THE SECURITIES Exchange of Thailand Index rose 0 34 points to 443 11 on a turnover of 3,314.019 shares worth 282 02 million baht Reuter M' 12 BAKT Ao Kham Thai 436 -4 Ayudhya Invaatmant 430 4 Bangkok Agro-lnd 113 5 Bangkok Bank 301 unch Bank
        Reuter  -  160 words
      • 181 20 Reuter SHARE AVERAGES in Manila dropped yesterday as the value of the day's turnover fell to its lowest level since June 1986 Brokers said investors shunned the market while speculation in other areas prompted a shift in capital "Dollar speculation and the booming real estate business are
        Reuter  -  181 words
      • 303 20 Reuter SHARE PRICES in Seoul fell slightly on profit-tak-ing, mainly in financial and construction shares, brokers said. The composite index fell 1.25 points to close at 687.82 on turnover of 149 1 billion won against 135 bil- lion won on Saturday's half-day session. "We expect the market
        Reuter  -  303 words
      • 181 20 Reuter LEADING SHARES posted substantial falls as the New Zealand stock market followed Australian shares lower at the close of trading yesterday The Barclays Index fell 37.68 points to 1,948.71. Brokers said further weakness is likely, particularly since the shares of many companies have fallen below
        Reuter  -  181 words
    • INTERNATIONAL COMPANY NEWS
      • 867 21 NYT THE CRIMINAL indictments that are expected against employees of Drexel Burnham Lambert next month will describe a broad pattern of criminal activity over at least a two-year period and may include charges of racketeering, people close to the investigation say The indictments of
        NYT  -  867 words
      • 268 21 NYT BRITISH ENTREPRENEUR Robert Maxwell is prepared to raise his ofter for Macmillan Inc to USSB4 a share, or US$2 5 billion, subject to certain conditions He had offered US$BO a share for the New Yorkbased publishing company, which has also been resisting a
        NYT  -  268 words
      • 606 21 Reuter LONDON: Shares opened firmer in quiet conditions yesterday, with market makers lifting prices on the view that last week's nervousness was exaggerated, dealers said. The FTSE 100-Share Index opened 8.1 points up at 1,746.5 But dealers said the initial advance could prove fragile ahead of the
        Reuter  -  606 words
      • 756 21 'Market unable to swallow bad news at the moment' Reuter LONDONS EQUITIES market faces a strong test of nerves with this week s batch of key UK economic statistics and crucial news of the US July merchandise trade data, due tomorrow Analysts
        Reuter  -  756 words
    • 283 22 PRINCE NORODOM Sihanouk held talks with Prime Minister Lee Kuan Yew yesterday on the situation in Cambodia. The Prince, who was president of the Coalition Government of Democratic Kampuchea until he resigned from the post in July, is here at the invitation of
      283 words
    • 205 22 AFP ZIMBABWE Foreign Minister Nathan Shamuyarira has accused Singapore of having taken positions "antithetical" to those of Third World countries and of minimising the significance of the Non-Aligned Movement (NAM). Mr Shamuyarira, in an interview with the British Broadcasting Corporation on
      AFP  -  205 words
    • 559 22  -  Tenderer said to have outbid three or four rivals By LEE HAN SHIH,ELAINE KOH BUSINESSMAN Ong Beng Seng has put in a bid of $55 million for Riverwalk Galleria, his second property deal in six weeks. Acting through Avant Hotels International (AHI),
      559 words
    • 416 22 PROPERTY TYCOON Ng Teng Fong plans to build 180 to 200 service apartments on the site of the Queen's Hotel, along Mount Elizabeth, which he recently contracted to buy for $19 million. Sources said the 60-year-old Fujian businessman had decided at the outset that
      416 words
    • 95 22 Bernama UMNO YOUTH yesterday urged the government to review Malaysia's air services agreement with Singapore to ensure greater fairness on the question of landing rights. Umno Youth international affairs bureau chairman Haji Nazri Tan Sri Aziz said the review should enable foreign tourists to
      Bernama  -  95 words
    • 99 22 Reuter COMEX GOLD FUTURES eased but in considerably more subdued dealings early yesterday, with bargain hunters attracted by last Friday s drop to lows unseen since March 1987. December gold was down US$2.7O at US$425 80 an ounce, adding to a pre-weekend setback of US$7.7O. Analysts
      Reuter  -  99 words
    • 281 22 Agencies PROTEST LEADERS and former army officers yesterday called for Burma's 26-year-old government to resign as hundreds of thousands of people marched in Rangoon rejecting President Maung Maung's offer for general elections. A statement from the All-Burma Students Union warned that if
      Agencies  -  281 words
    • 215 22 AFP THE SRI LANKAN government yesterday threatened to take over private buses and promised protection for businesses as anti-govern-ment militants staged the second nationwide general strike in a week Operating licences would be cancelled or vehicles requisitioned if owners did not resume services immediately,
      AFP  -  215 words
    • 306 22 AFP BRITAIN'S consumer boom which has prompted fears of overheating in the economy and led to seven interest rate increases since June showed signs of slowing in August But incomplete data collection because of a mail strike made it difficult to assess the significance
      AFP  -  306 words
    • LATE FILE
      • 29 22 Bernama THE headquarters of the New Umno yesterday released the party constitution, which will be submitted for approval at its general assembly on Oct 28. Bernama
        Bernama  -  29 words
      • 35 22 AFP INDIAN authorities in Madras yesterday detained 16 members of Sri Lanka's Liberation Tigers of Tamil Eelam, including its former Jaffna peninsula military commander, under the National Security Act. AFP
        AFP  -  35 words
      • 53 22 Reuter JAPAN'S Ministry of Trade and Industry has decided to abolish its restrictions on Iranian oil imports from October, oil industry sources said in Tokyo yesterday. In January, it had set a 200,000 barrel per day ceiling following US calls for sanctions against Iran,
        Reuter  -  53 words
      • 43 22 Reuter TORRENTIAL rains and widespread flooding across South China have killed 170 people and made more than 110,000 homeless, Beijing state television said yesterday. It said 1.5 million soldiers and civilians were battling floodwaters in Hunan. Reuter
        Reuter  -  43 words
      • 68 22 AFP FOREIGN Minister Humayun Rasheed Choudhury of flood-ravaged Bangladesh said in Dhaka yesterday that a proposed visit by Indian Prime Minister Rajiv Gandhi to Beijing could pave the way for China to join talks on calamitous annual floods in the region because the Brahmaputra
        AFP  -  68 words
      • 54 22 AFP THE number two in the US Republican Party hierarchy has resigned following charges that he carried out a survey of high-ranking Jews in 1971 for then-president Richard Nixon. In announcing his resignation in Washington yesterday, Frederic Malek denied, however, he had engaged in
        AFP  -  54 words
      • 53 22 Reuter AMERICAN Airlines Inc may have lost second-quarter ticket revenues totalling as much as US$5O million because its passenger reservation system indicated that planes were sold out of discount fares when such seats were still available. AMR Corp chairman Robert Crandall said in New
        Reuter  -  53 words
  • Page 17 Advertisements
    • 182 17 SPECIALIST CONSULTANCY Top calibre Engineer-Economist, MBA, with extensive international experience in developing and implementing Corporate Strategies, Operations Improvement and Cost Reduction Techniques, and Management of Financial and Government Institutions seeks challenging short-term assignments. Willing to assemble high quality team, if necessary. Contact 481-8456 or Write The Advertiser Pasir Panjang P.O.
      182 words
    • 167 17 12 September 1988 THE HOUR GLASS LIMITED (Incorporated in the Republic of Singapore) New Issue of 8,000,000 ordinary shares of $0.25 each at $0.88 per share payable in full on application Applications for Shares may only be made on Application Forms referred to in the Prospectus dated 12 September 1988.
      167 words
  • Page 17 Miscellaneous


  • Page 19 Advertisements
    • 189 19 SINGAPORE SWCAPORf MONEY 3' MANOAPIS Singapore's money mandarin speaks out Food exporters 1 recipe for success Phuket: sun, sea and cash Rubber s-t-r-e-t-c-h-e-s ahead Theme parks: too much fun? The fall of a market favourite Spotlight on Lion Corp, Hotel Properties SEPTEMBER 1988 A Times Periodicals publication NOW AT NEWSSTANDS
      189 words

  • Page 20 Advertisements
    • 150 20 This announcement appears as a matter of record only PROBO PACIFIC PTE LTD 5588,000,000 3-year Dual Currency Note Issuance Facility Jointly Arranged and Managed by Singapore International Merchant Skandinaviska Enskilda Banken Bankers Limited (South East Asia) Limited Guaranteed by Skandinaviska Enskilda Banken (South East Asia) Limited Union Bank of Finland
      150 words
    • 6 20 On target, Chart Point every Saturday
      6 words

  • Page 21 Advertisements
    • 283 21 I^JLW Industrial K R K L-r 1 ■a. FOR LEASE New flatted factory strategically located near the junction of Little Road and Upper Paya Lebar Road 5 floors totalling 41.000 sq ft Typical floor approximately 8,259 sq ft Each floor with square configuration and wide column to column span for
      283 words

  • Page 22 Advertisements
    • 325 22 Leader, PAGE 12 The art of fine living. Beautifully furnished dining rooms, separate fully equipped kitchens, elegant one or two bedroom suites right in the heart of (>rchard Road. At The Aseott. we take pride in giving our clients their own home. A spacious, private living environment that offers the
      325 words
    • 8 22 No panic economic measures for Britain, PAGE 6
      8 words
    • 32 22 An engineering company tendered for a million dollar contract. Unfortunately its chances of getting there on time are a million to one. |T|N|T| Skypak Hotline 742 9000 International Express Don't take chances.
      32 words

  • SHIPPING TIMES
    • 421 23  -  By LINDA CHEE A WEST GERMAN oil storage company, Oiltanking, is awaiting Land Office approval to build a new oil storage terminal in Singapore. The company intends to lease an area of 10 hectares and build tanks with an initial capacity of 200,000
      421 words
    • 135 23 Seatrade Week DODWELL SHIPPING, a subsidiary of the Inchcape Group, is no longer representing Lloyd Triestino in Hongkong, after being its agent for more than 30 years. Swire Shipping (Agencies) Ltd is to be appointed the new representative in an official announcement in
      Seatrade Week  -  135 words
    • 206 23 UPI MITSUBISHI Heavy Industries. a major Japanese shipbuilding company, has successfully tested economical "contra rotating propellers" on a merchant vessel for the first time in the world. The company said the propellers which rotate in opposition directions have been installed on
      UPI  -  206 words
    • PORTSIDES
      • 110 23 Reuter THE CONGESTION on China's railway system is worsening, with some trains carrying more than double their capacity and large amounts of goods stockpiled for want of transport, the People s Daily said. It said urgent measures were needed and local governments should issue stocks and
        Reuter  -  110 words
      • 69 23 GEARBULK Container Services and Westwood Shipping Lines, which offer similar services between the north-west Pacific and the Far East, have entered into a slot charter agreement. Weekly departures are planned with seven ships, three from Gearbulk and four from Westwood. Port calls include Vancouver, Seattle.
        69 words
      • 74 23 AFP THE CAPTAIN and two crewmen suffered serious burns when the Taiwanese fishing boat Yu Chyuan No 1 caught fire and burned 1,600 km north of Hawaii, the Coast Guard reported All 16 crewmembers were rescued by another Taiwanese vessel. Lung Fong No 1, and are
        AFP  -  74 words
    • 253 24  -  By KINGSLEY WOOD ITS TIME the Australian government stop cataloguing problems of the transport industry and set about solving them, said the chairman of the Business Council of Australia, Sir Arvi Parbo Releasing BCA s latest study covering total transport operations, he claimed
      253 words
    • 171 24 INDUSTRi AI unrest at the Pilbara iron ore workings has again put at risk Mount Newman s bid to ship a record 36 million tonnes of iron ore in the current export year. Strikes have hit two inland mines while a 48-hour stoppage
      171 words
    • 805 24 AB Shpg V 5 "K" line Kinkai V 5 ABC Container IX 1 KS line IV 2 Accord Shpg VI 3 Kie Gwan IV 1 Adrich Shpg IX 1 Kyowa line IV 1 Alltrans VII 3 KYC line X 1 Anship Int'l V 3 lion Huot IV
      805 words
    • 179 24 RAIL-BRIDGE Terminals (New Jersey) Corp is constructing a 24-hectare rail terminal facility in the city of Elizabeth, New Jersey. The terminal is being built on land leased from Consolidated Rail Corporation (Conrail). The 30year lease was signed in September 1987 by RBTC, a company
      179 words
    • 295 24 Reuter THE WORLD shipbuilding order book rose by 754.464 gross tons in the second quarter of this year to 23 97 million gross tons, the highest level for two years, Lloyd s Register of Shipping said In its quarterly shipbuilding return, Lloyds said
      Reuter  -  295 words
    • 217 24 AFP LOWER oil prices did not stimulate activity this week on the tanker market, as traders were encouraged to hold off buying by perceptions that the oil sector is set for prolonged weakness, analysts said Traders consequently only honoured their contract commitments, expecting further price cuts. They were
      AFP  -  217 words
    • 1382 25  -  By LINDA CHEE WHEN THE Port of Singapore Authority organised a bunkering seminar in April last year, its purpose was to take stock of the local bunker industry and work towards the number one t position in Asia. Since then the port s
      1,382 words
    • 3376 30 AARHUS Qtu He China Ocean Sep 13 Ever Given Evergreen Sep 15 Osaka Bay Triot Sep 15<P«) Maersk Tokyo Maersk Line Sep 16 Ming Longevity Yang Ming Sep 17 Ming Glory Yang Ming Sap 19 Kasuga Maru Triot Sep 19<PK) Ned Delft
      3,376 words
    • 1326 30 CHARTERING was rather subdued on Friday prior to the weekend, with only minor changes seen in freight rates, shipbrokers said Unconfirmed reports suggested the Lantau Peak of 78.000 tonnes dw had been chartered for light grain from the US Gulf to the Continent by Archer Daniels at about
      1,326 words
    • 503 32 AT CONVENTIONAL WHARVES Vessel Berth Arrival Departure KEPPEL WHARVES A'u *36 o'ongvde 4 09 200 Cah, *30 a*ongv<to 309 500 (4UOI0 M *23 Jiongs <M 3 09 500 *ongto rj olongvdo 20 09 2300 Inobukwo OK>ng* OO 309 0545 *29 along* ao 09 2300 Koto Pinoka A3 along*-do *309 200
      503 words
    • 914 32 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movement Ship Voy date/time Op code cargo schedule Location Konyo P 1*3 1309 88 1600 zz fl 0700 0730 P2 SO Itoiia 343 1309 88 1700 so F7 0730 0800 E7 f2 G2 Poc Sunshine 8813 1309 88
      914 words
  • Page 23 Advertisements
    • 638 23 ^?}`|")^.+\+<?-&{_~!_}!=::|^@:. Dedicated to Service JAROINE SHIPPING agencies 200 Cantonment Road #12-05 Southpoim Singapore 0208 Tel *****11 T«. RS ***** Facsimile *****09 TERMMAbCFS Td *****18 *****19 *****20 FOR CUSTOMER SERVICE INQUIRIES AND BOOKINGS T«l *****305 PESAAA JAROINE SHIPPING AGENCIES SON BHO PORT KELANG Tel *****18 Tele» MA ***** MA ***** PENANG
      638 words
    • 102 23 Sibcon '88: Selling Singapore as a top bunkering port, Page 111 mm IT'S TIME the Australian government stop cataloguing problems of the transport industry and set about solving them, chairman of the Business Council of Australia Sir Arvi Parbo said. Page II WHEN THE Port of Singapore Authority organised a
      102 words
    • 672 23 ODESSA OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co Pte Ltd TEL *****33 MAERSK LINE SERVICE ALL THE WAY! This W Tokyo Closing Time CY IS/9 2300 MRS CFS IS/9 1300 MRS M TOKYO ANOERS M AXEL M
      672 words

  • Page 24 Advertisements
    • 652 24 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT OSAKA BAY KASUGA MARU KAGA LARGS BAY HONG KONG EXPRESS CITY OF EDINBURGH *LSO ACCEPTING CARGO TO ALL UK INLAND DESTINATIONS, BELFAST. DUBLIN, COPENHAGEN, AARHUS. GOTHENBURG. MALMO. HELSINKI, OSLO, AMSTERDAM, CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT ROTTERDAM ANTWERP P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN
      652 words
    • 17 24 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 492 24 POLISH OCEAN LINES Agents Optorg Shipping Pte Ltd Tel *****44 P Ketang *****01 2 3 Telei RS ***** Petaling Jaya **********5603 Fai 2255K51 Ptoang *****5 EACON SERVICE (FULL* CONTAINERISED SERVICE) TO EUROPE "ueklano m H CECIELSKI JW fAHPLANO Sip 21,1 4/10 2110 A"*w*C 1710 31 10 14/11 frdam 1710 31/10
      492 words

  • Page 25 Advertisements
    • 1435 25 The Straits Steamship Group Mansfield Container Shipping Re Ltd P&O Containers (CONTAINER SERVICE TO UK/CONTINENT:^) OSAKA MI KASUGA MARU RASA LARGS SAY HONG KONG £XP* ESS KAMAKURA CITY Of EDINBURGH CARDIGAN RAT (*io a/io in 10 11/10 u/io 00/10 11/10 13/10 14/10 li/10 12.10 14/10 li/10 17/10 lino i4/u ii/io
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    • 459 25 OUTBOUND VESSEL EUROPE 3 EES WF 122 17 09 Wf 123 01 10 «F 124 IS 10 WF 825 21 10 IESSEL TOKYO SENATM EE 121 21 M 1101 NEW TOW SENATM EE 822 04 01 02 01 INEOEN SENATM EE 823 lIM 18 09 *SUN SENATM lEE >2S 102
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  • Page 26 Advertisements
    • 527 26 US I NOSE MARITIME PTE LTD ISLAMIC RCPUBLIC Of IRAN SHIPPING LINES IRANIAN SERVICE IRAN EKRAM IRAN ELHAM Singapore In Port m Loading for BANDAR ABBAS BANDAR ABBAS KYOWA LINE FULL CONTAINER SERVICE TO S. PACIFIC VIA HK AND/OR YOKOHAMA (JPNI ALSO ACCEPTING LCL CARGO SUBJECT TO INDUCEMENT MOTHER VSL
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    • 785 26 MS. S line FULLY CONTAINERISED SERVICE HJiir COMAINf RiSfD TO FROM NORTH AMERICA #ES! COASi CONVtNTIONAL SERVICE TO PERSIAN GULF VESSEL BOTO AC 18 KUANTAN S'PORE 14/9 LOADING FOR DUBAI. DAMMAM KUWAIT GEN AGENTS CROWN MARINE CO (PTE) LTD TEL: ***** M (9 Lines) FAX NO: *****69 SUB AGENTS KUALA
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    • 156 26 NEW CALEDONIA A FIJI ISLANDS NOUAAEA, SUVA/LAUTOICA 23/9 PAPUA NEW GUINEA PORT MORESBY, RABUAL, LAE MADANG 24/9 19/9 25/9 LONGBEACH. NEW YORK, LOS ANGELES 22/9 29/9 CHICAGO, BOSTON, JAV, PHIL, SAV, MIAMI ALL INLAND DESTNS. bookings: *****88 (8 Lines) SINGAPORE: *****45 (25 Lines) JOHORE BAHRU: (07) *****2, *****7 KUALA LUMPUR:
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    • 989 26 ©EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURQ/FE) ever growth EVER WAND EVER CirTEO EVER CLAMOUR EVER GOLDEN EVER GLOBE ALSO ACCEPTING CARGO TO 5 5 m m m Tm c &L S S rLX HBC 24* 27/9 2** JlO 710 io:lo 1,11 u(i} H!H J® 14/X1 10/12 2,10 4/10
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  • Page 27 Advertisements
    • 763 27 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE BELAWAN/STRAITS CONTAINER SERVICE RED SEA/EAST AND WEST AFRICA SERVICE KARACHI/M.E. GULF SERVICE CHINA SERVICE VESSEL DAM SHAN KOTA MULiA SINGAPORE LOADING FOR: 2-5/10 SHANGHAI. DALIAN 8-10/10 KOBE.
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    • 484 27 IttTl BE*HNE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAH Urp (4* SIM Hongtonf Eaprau SaM •UmMura Sa.M City «t Uinkur|ti Sa.M Rliina Nam Sa.M Car*fm by To*to Bit Sa.M Tot.o Eiprau 14/1 Nan*ur| [iprau 17/1 Lanton Eiprau 221t ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG
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    • 505 27 'I DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE OCEAN PRIMA/11WB PALEMBANG/lOWB KUTAI 15WB ANTWERP HBURG ROAM/ADAM BREMEN 26/10 29/10 28(10 31/10 26/10 29/10 Subject to Inducement. Also accepting cargo to Casablanca. Port
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    • 398 27 BOUSTEAD SHIPPING AGENCIES 1^ BURMA FIVE STAR SHIPPING CMPDBATIMI (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok MYOMATWA VIIIW IVI7 See HAKA 12/13 Sep £3 BANK LINE ?W: C 0M A L WER SERVICE HEAVY LIFT CAPAftll ITV NORTHBOUND TO UKC TAUSALA SAMOA VI3N MORAYBANK V6N CLYDEBANK V24N
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  • Page 28 Advertisements
    • 775 28 K LINE KAWASAKI KISEN KAISHA, LTD. ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE N. AMERICA-ATLANTIC COAST VOY 'INDO 10 12/9 •PK/PNG SGP ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FOFTUNE CHLS NFK 16/1 18/8 24/1 26/1 10/8 119 6/9 W •PK/PNG *INDO FEEDER VESSEL ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR
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    • 307 28 Accepting LCL and contelnerleed cargo** Olract to South Alrlca Acteptmi Containers Only VENTO 0703P HAYAKAWA MARU WMF VAAL uxr CANOPUS OMHF JARDINE SHIPPING AGENCIES (REG 2425 M/ 00K) 200 CANTONMENT ROAD #12 05 SOUTrtPOINT, SINGAPORE 0208 Tel *****11 TELEX NO RS ***** TERMINAL, CFS Tel *****18 220 BOOKINGS Tel *****34
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    • 528 28 AUSTRALIA EXPRESS CONTAINER SERVICE TULSIDAS y37 KAUOAS if) TULSIDAS V 31 KAUOAS V 40 Accepting FCL/FCL Container* Singapore p neung Penanj Lidding tor Mothai vsl Br Faada< B) 'man 1/ Sapt Frwn Mall) SirdniAM II Oct 3 Oct 3 Oct htm IWb Sydn AM 3** 21 Oct ?7 Oct f
      528 words
    • 632 28 G G GOLDEN LINE STRAITS/PERSIAN GULF SERVICE GOLDEN BEAR Coiomte Ka>achi Dubai GOLDEN HARVEST Colombo Karachi DjOi Damman CHINA SERVICE BAI YUN SHAN Shanghai MsmKang CU SHAN H^njpu'Shanfhai GUAN GUAN SHIPPING (PTE) LTD 23 T»lo» A»»f SlrMl SINGAPORE 0104 TEL (10 LINES) Fji U4tto4 S'pofe P heting Peunj In Port
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    • 341 28 HIPPING TIMES, Tuesday, September 13, 1988 PHIU OHICNT LIN€S PT€ LTD MUO W'ti 61 ROIINSON ROAD .0/1? ll'O A»RO Ail* ftUILDING SINGAHJHf 0106 Ull* RS 2tlto PMIII >A* JlSXtlb _J! COLOMBO KARACHI IOHtAY HCW CENLORO IV! CHITTAGONC WT AWCA/MEHTHIMMmi FCI > tct wwtt ir 201, 2/1# s/ib mombasa Daressalam assai
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  • Page 29 Advertisements
    • 845 29 \\NEPTUNE ORIENT LINES LTD J Bjhru FAR EAST/EUROPE FUILY CONTAINERISED SERVICE m.„ NEPTUNE AGENCIES PTE .TO EU AUST TPA SEA General Enquiries: Tel: *****77 Terminal CfS BOOKINGS *****53 2715/42 271X22 *****53 *****19 27*1114 NEPLINE SDN BHD 36MM/ INSD'OUTSXD NEPLINE SDN BHD *****33 ENQUIRIES *****44 NEPLINE SDN BHD U0035/427H0/*****1W7562 NEPLINE SDN
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    • 575 29 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: KELANG. PENANG, KEELUNG. BUSAN, INCHON STRAITS/KOREA SERVICE WEF JUNE 1) BUSAN I SINGAPORE 2) SINGAPORE/ KEELUNG 10 DAYS SERVICE II SERVICE!! Vessel s Name ETD BS S PORE PKELANC KEE •Clona 808N 03/09 14 15/09 16 17*09 24 2S 'Dragnet ®1N
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    • 1073 29 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD r'??°l!i U,LD L?£e™ Sin a P° re Tel: *****33 (15 Lines) Terminal Office: *****41/2 £t*L e r Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** rtnANb p KciAiuf f' S MANDUNC SYSTE CO SON BHD PAsTr GUDANC F B c
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  • Page 30 Advertisements
    • 226 30 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TH 225 6868 |30 Lmesi FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD DSR-LINES VEB DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE -Vl* IARNACA ACCEPTING CARGO FOR UMASSOI BEIRUT, LATTAKIA. ALEXANDRIA.
      226 words
    • 228 30 SHOFUKU LINE WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL SHOFUKU OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MY. CONTINENT Vl3 ETA SIN tl/9/M 4 DAYS 5 DAYS 8 DAYS 9 DAYS 10 DAYS 11 DAYS SHOFUKU AGENCIES (S) PTE LTD TEL: *****68 W MALAYSIA AGENT: TRANS-ASIA SHIPPING CORP. TEL: K.L.
      228 words
  • Page 30 Miscellaneous
    • 154 30 4 Regional Weather m m m m ass Vm i fm > N :< /5 a? > y 1 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. Sep 13, 1988 LEGEND R Thunderstorm Temperature Q X\ Y Shower Weather Wmd direction with speed *1 knots Rom Cloudy Sk, Wo.e he.gh.
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  • Page 31 Advertisements
    • 2065 31 < CFS > CRYSTAL FREIGHT SERVICES WEEKLY CONSOL SERVICES FAR EAST BUSAN 29/9/88 BANGKOK 16/9/88 HONG KONG 23/9/88 KEE/KAOH 20/9/88 V SRI LANKA COLOMBO 23/9/88 V AUSTRALIA MELBOURNE/SYDNEY 18/9/88 CALL BOOKING HOTLINE FOR BEST RATES 2233 9 2 2 TEL *****88 TELEX: ***** CFSIN FAX *****88 INDONESIA MALAYSIA KARACHI MIDDLE
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    • 215 31 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 Q] IRAQI LINE '«»0' {NTfRPRist (0* MARITIMC TRMSPORT MV SINDBAD EAST BOUND SERVICE ETA S PORE LOADING FOR Japan THROUGH 8/l» to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA t BAGHDAD REEFER SPACE AVAILABLE UPTO AQABA
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  • Page 32 Advertisements
    • 376 32 fff Hai Sun Hup Co (Pte) Ltd iri TEL *****06 (20 Lines,. TLX RS ***** RS ***** IB I ASH RN C \K l INI R. I 11). STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG, TAIWAN CHINESE PORTS, SUBJECT INDUCEMENT IMLintermaritime
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    • 272 32 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/HEXICO AND FRENCH WEST INDIES VSI Spore LeHjvre Connecting VSL KORRIGAN VJI2 Ufl m NUERNBERG UP N DCLrr via m wo stuttgart exp I 0?""' NIMON VJ32 2S/9 13/10 DUSSELDORF EXP CSTe Pof, outh 1 —__1 J Norfolk. Savannah Also
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    • 165 32 w P.T. MASKAPAI PELAYARAN PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA ft THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****54/*****73 VSL TANAH AIR TANAH AIR TANAH AIR
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    • 679 32 /M CALL US AT: P KELANG PENANG J. BAHRU P GUDANG SINGAPORE K LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3. *****5. *****0. *****1 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER P KELANG MOTHER VSL N DELFT NIHON N O{J IMA B BUTANC 411 B BUTANC «3 I B
      679 words