The Business Times, 3 November 1988

Total Pages: 32
1 32 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, NOVEMBER 3, 1988 75 CENTS
    11 words
  • 249 1 AP Dow Jones WALL STREET stocks were narrowly mixed in early trading with the dollar recovering some overnight losses on central bank support. The Dow was moving in a narrow band around Tuesday's closing at 2151. Declining and gaining issues were about in balance and trading I
    AP  -  249 words
  • 513 1  -  Republic Plaza project may be expanded By MAGDALENE NG CITY DEVELOPMENTS Ltd is negotiating to acquire the CYS Building at Market Street for a possible addition to the $650 million Republic Plaza project. The land on which the building stands is said to be the last
    513 words
  • 208 1 SHARE PRICES on the Singapore stock market closed marginally lower across the board yesterday on lack of buying interest and light institutional selling. Trading was lethargic as operators generally remained on the sidelines ahead of the US presidential election next Tuesday. The Straits Times
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  • 540 1  -  By JAYARAM MENON SINGAPORE HAS emerged as one of the biggest exporters of services in the world, according to a United Nations Conference on Trade and Develop ment (Unctad) 1988 report. The Unctad inter-country comparison shows that Singapore, with its exports of US$9.7
    540 words
  • 113 1 THE US DOLLAR finished easier against major currencies in Asian currency markets yesterday in spite of continued central bank intervention. Heavy selling by institutional investors was prompted by the public holiday in Japan today. Dealers said the downward pressure on the dollar will intensify in the absence
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  • 146 1 Bernama FORMER MALAYSIAN Deputy Prime Minister Datuk Musa Hitam said yesterday he was willing to meet Johor Mentri Besar Tan Sri Muhyiddin Yassin to exchange views. He said this in Kuala Lumpur when commenting on the decision taken by the Johor Umno
    Bernama  -  146 words
  • 106 1 AFP PRIME MINISTER Lee Kuan Yew arrived in Chrlstchurch yesterday to begin a six-day visit to New Zealand. After his flight touched down more than three hours late. Mr Lee wss met by New Zealand External Relations and Trade Minister Mike Moore. Officials said Mr
    AFP  -  106 words
  • 295 1  -  By SOH TIANG KENG ONE OF Singapore's top woman bankers. Mrs Laura Hwang, has resigned as managing director of Royal Trust Merchant Bank, a member of the Canadian-based Royal Trust group. Mrs Hwang is the only woman chief executive in the international
    295 words
  • Page 1 Advertisements
    • 82 1 TIEN COURT if SICHUAN CUISINE fa King's Hotel Haveiock Road Singapore 0316 Tel: 733 0011 Full report, PAGE 18 Regional markets, PAGE 20 BRRuii... Begin Your Busy Day Right Start off on a right note in the morning. Use Braun micron foil shavers: recognised worldwide as a measure of quality
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    • 196 1 Editorial Comment: 12 Nurturing market in govt bonds Property market 2 Poised for growth Oil prices 4 Opec aims for US$lB a barrel UK economy 5 Higher budget surplus forecast Insurance 11 KL brokers urged to examine standards Japan-US relations 13 Higher trade surplus may annoy America Architecture 14 Such
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    • 279 1 BALLY of Switzerland Gunning for ad awards SIXTEEN SINGAPORE entries for the Australian Awards, arguably the major advertising awards show in the Pacific Rim, had made it to the finals on Nov 29. Singapore won seven awards in its first Awards foray in 1986. Hongkong was invited to participate this
      279 words

  • HOME NEWS
    • 422 2  -  AIESEC Symposium 88 Projecting Singapore's economy By LILIAN ANG THE SINGAPORE property market. now well on its way to recovery, is poised to enter its next development cycle, according to a property analyst. Over the next five years, the total value of
      422 words
    • 353 2  -  By SUZANNE SOH CLOSE TO one million Japanese will visit Singapore in 1992, according to Singapore Tourist Promotion Board's (STPB) projections. By comparison, only about 250,000 visitors from North America are expected that year, said Joseph Chew, STPB executive director, when he spoke yesterday about
      353 words
    • 250 2 RICH AND POOR countries will have a better future only if they work together to get a global economy working, the Minister of State for Trade and Industry, Mah Bow Tan, said last night. And to do it, renewed support for international division of labour
      250 words
    • 287 2 A HIGH-LEVEL Belgian trade mission, headed by Prince Albert of Belgium, will visit Singapore next week to seek opportunities for joint ventures with local small- and medium-sized enterprises (SMEs). At a press conference yesterday, the Belgium Ambassador to Singapore, Carlos de Wever, said
      287 words
    • 219 2 TELECOMS is investing in two major fibre optic submarine cables which will connect Singapore to its main trading partners in the Pacific Rim. The statutory board will invest $11 million in the Transpacific 3/Hawaii 4 cable, which is the first digital fibre optic
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    • 144 2 FOLLOWING HOT on the heels of Shell and Singapore Petroleum Company, Mobil haa raiaed its petrol pump prices by an average of 2.5 cents. From 11pm last night, the oil company's premium and intermediate grade petrol were priced at 87.8 cents per litre and 81.6 cents
      144 words
    • 126 2 WILLIAM LAWS has been appointed as client services director of Gibson Public Relations Singapore. Mr Laws was previously head of public affairs of Rolls-Royce Motor Cars Ltd in the UK. He has many years of experience in marketing and management, and has a strong background in Asia,
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    • 368 3  -  By LILIAN ANG NEARLY THIRTY shop units, a restaurant and 47 lots in the basement car park of Holland Road Shopping Centre are up for sale by tender. Estimated to be worth between $17 million and $20 million, the freehold properties all of
      368 words
    • 338 3 THE SINGAPORE Fire Service (SFS) has contingency plans to handle fires in high-rise buildings and major underground stations, and at oil refineries, said its deputy director. Tan Jin Thong, yesterday. Speaking on "Fire contingency planning" at an international gathering of fire chiefs
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    • TRADE TALK
      • 52 3 LEADING French aircraft maker Aerospatiale has made Singapore Aerospace Maintenance Company (Samco) its service centre for all models of its A 5332 Super Puma and SA33O Puma helicopters. Samco is now authorised to perform scheduled and unscheduled major inspection and depot maintenance on all
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      • 75 3 A NEW monthly magazine, Asia Pacific Aerospace, will be launched in July next year by Asian Business Press. The magazine will contain news and features on issues, new products and people that affect aerospace industry users in the Asia-Pacific. It will also cover general aviation, space technology,
        75 words
      • 56 3 HAYES Microcomputer Products is to shift its Asisn market-place offices from Singapore to Hongkong from February next year. The Hongkong office, Hayes Asis Regional Office, will be officially opened by Anthony Kwok, who has joined the company as its managing director. The Singapore office will be
        56 words
      • 50 3 ELEVEN Singapore companies will take part in the Thai Metalex Show in Bangkok from Nov 4 to 8. The Singapore Pavilion at this trade show for the metalworking machinery and machine tools industries will feature measuring machines, speed controllers, wiremeshmaking machines and food processing and packaging machines.
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    • 105 3 THESE ARE TWO of the latest light military aircraft from tha British Aaroapaca Hawk serlas, which arrtvad in Singapore on Monday aa part of a round-the-globe marketing and goodwill mlaalon. Tha plana In front la tha Hawk 100, a two-eeat advancad tralnar. Flying bahind in camouflage
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    • 454 3  -  Court dismisses freight forwarder's application By WILLIAM CHIA LOCAL EXHIBITION COMPANY Interfama Trade Fairs, which recently merged with international exhibition organiser Cahners, has won the latest round in its legal tussle with a freight forwarder. The High Court Registrar on Oct 21 dismissed,
      454 words
  • Page 2 Advertisements
    • 273 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day A host of smart decisions took you to the top. Your choice of car was no exception. I < 1 7 y £PWM *<■ If j«v# I j < m y T n. <•<••• M t. r 4 -.<• *£*<
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  • Page 3 Advertisements
    • 62 3 Spectacular! Impressive! And every bit your style. tail PETER LAI JEWELLERY iroA Deeply treasured, forever admired (Member of Diamond Exchange of Singapore A diamond is forever. Manx cm* canto accapiM PETER LAI JEWELLERY PTE LTD •#O2-86/87 Lucky Plaza S *#02-49 lo 52 Wisma Alria Thu wtabtahmant «racognaad and '•eommandad by
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    • 293 3 We're bringing the Best of Hotel Plaza Athenee, Paris to The Mandarin It could only happen during The Stables' French Gastronomic Week 28 Oct 5 Nov 1988 Paris. Visions of romance, adventure and excitement are conjured up by that magical city. Now you can get a foretaste of that world
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  • 642 4 ARRIVALS Operator Sorvic® numb«r Local rim* From CPX CX713 1500 HKG/BKK MAS MM61 1 1505 KUL MAS MM631 1520 HQ GU GA951 1525 TPC MAS MH613 1605 KUL SIA SQ11I 1705 Kill SIA SQ27 1715 CFH/VK/DX8 su SQ205 1715 CGK ALK UL455 1730 TYO UTA UT566 1745
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  • ASIA-PACIFIC
    • 273 4 AP THE UNITED STATES officially has endorsed Prince Norodom Sihanouk as the man to lead any future government in strife-torn Cambodia. The message was conveyed personally to Prince Sihanouk at a meeting on Tuesday in Paris with US Assistant Secretary of State Gaston Sigur.
      AP  -  273 words
    • 92 4 AFP HONGKONG government policy-mak-ers on Tuesday rejected a proposal for a world fair in Hongkong in 1997 to mark its return to Chinese rule. The Executive Council decided that Hongkong lacked the resources to host an Expo, an idea first floated in April by a
      AFP  -  92 words
    • 492 4 Agencies OPEC SECRETARY-GENERAL Subroto said yesterday that the cartel would keep aiming at an oil price of US$lB a barrel, despite a slump in crude prices currently just above US$l2 blamed chiefly on Opec overproduction. "Eighteen dollars
      Agencies  -  492 words
    • 365 4 Reuter NORWAY, investigating the international use of its heavy water, which can be used to make atomic bombs, says that a large consignment was illegally rerouted to India. Assistant state prosecutor Tor Aksel Busch said on Tuesday that 15 tonnes were
      Reuter  -  365 words
    • 258 4 NYT INDIA'S highest court has asked the Indian government and the Union Carbide Corp to settle their protracted legal dispute over liability and compensation to the victims of the 1984 Bhopal gas disaster, which killed more than 2,500 people. "You can start with a clean
      NYT  -  258 words
    • 215 4 AFP THAI Prime Minister Chatichai Choonhavan has denied reports that the Thai military stole secret US aid to the Cambodian resistance. Speaking over state radio on Tuesday. Mr Chatichai denied the reports, which first appeared in The Washington Post on Sunday, that the Thai
      AFP  -  215 words
  • Page 4 Advertisements
    • 375 4 rI \M \l J m Ifl If The business person's choice, every I I II 111 I Tuesday, Thursday, Saturday'and I 1 l|\ I Ml \l I I m Sunday. Leaving Changi Airport at JL v/X 1 _1_ 22:05 hours and arriving at Lester B. Pearson International Airport the following
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  • REST OF THE WORLD
    • 390 5 Reuter A NEW STUDY supports the US government's claim that deep-seated economic changes will prevent America's trade gap from widening again but warns that the deficit will remain huge unless policies are changed. The report, by a top economist at the Federal
      Reuter  -  390 words
    • 168 5 UPI EGYPT and the United States have signed an agreement allowing Cairo to produce the newest American heavy battle tank one of the world's most advanced for the Egyptian military. US Defence Secretary Frank Carlucci, who arrived in Egypt on Monday from Jordan on
      UPI  -  168 words
    • 136 5 Reuter WORKER leaders who opposed Bolshevik labour policy soon after the 1917 Russian revolution and were later shot under Josef Stalin have been rehabilitated, Moscow television has said. A television report said on Tuesday that exoneration of the group from charges of planning terrorism
      Reuter  -  136 words
    • 166 5 AFP THE US military needs to be restructured because of a lessened threat from the Soviet Union and increased danger from other sources, a study released on Tuesday said. The National Security Group argued Soviet leader Mikhail Gorbachev's reforms have lesseneTPthe Soviet threat to the
      AFP  -  166 words
    • 430 5 AFP, Reuter BRITAIN WILL post a higher-than-expected budget surplus of £10 billion in fiscal 1988-69. and public spending will show a sharp reduction. Chancellor of the. Exchequer _NigeJ_ Lawsonsaid. In his traditional autumn speech to the House of Commons on Tuesday, the Chancellor highlighted the
      AFP,; Reuter  -  430 words
    • 186 5 AFP BRITAIN WILL spend an extra £1.66 billion on defence over the next three years to buy more hardware. Defence Secretary George Younger said. The bonus, announced by Chancellor Nigel Lawson in his speech to the House of Commons on Tuesday, will
      AFP  -  186 words
  • Page 5 Advertisements
    • 318 5 SPECIAL 7-DAY CARET EXPRESS APPLICATIONTORTERSONALCARDS ONLY Priurov processing in only 7 days and a $50 "Be Mv Guest* RETURN plus an EMPLOYER'S LETTER confirming Certificate with approved application when you use THIS your status and salary. FORM andirncloseiiiopv at your latrst INCOME TAX CLOSING DATE: 20 NOVEMBER 1988. I I
      318 words
  • Page 5 Miscellaneous
    • 50 5 ysS'i A/rwt»rdom Allans Bahrain Bangkok Barbodos 09/06 Rain 33/24 Sunny 21/12 Ooar 25/11 Cloudy 00-06 Ooar 31/23 Storms Nassau Now DoM Now York Nicosia Oslo Paris Porlh Rio 'Janoiro Romo Son Fris'co San Juan Santiago Sao Pouio Sooni Stockholm Sydnoy Taipoi Tokyo Toronto Vancouvor Vlonna Warsaw \A/., -I,! a awimyron
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    • 88 5 Doonesbury GOVERNOR DUKAKtS, UJ£ v& JUST RBCBIVBP WORD THAT THE CAMPAI6NIS OVER. HOUU POVOUFBBL ABOUT THAT* UJEIL, BARBARA, tLL BB LOOKING INTO THIS MATTER. tLL BB STICKING IT. I WANT TOHAVE ALL TUB FACTS IN FRONT OF MB SO I CAN Assess THB SITm I m iS f A 9
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  • ADVERTISING & MARKETING
    • 477 6  -  Awards among the most prestigious in the world By MONICA GWEE SIXTEEN SINGAPORE entries for the Australian Awards, organised by the Australian Writers and Art Directors Association Ltd, have entered the finals for this year's event in Sydney, scheduled for Nov 29.
      477 words
    • 240 6 Campaign TUESDAY, January 3, 1989 will be something of a red letter day in the sombre world of Soviet newspaper publishing as Izvestia, an official government newspaper, is to carry advertising for the first time. The illustrious newspaper which was "established in
      Campaign  -  240 words
    • 270 6 Reuter ADVERTISING agencies and their clients face higher media costs in the single European market due in 1992, as the trend towards more concentrated media ownership increases, a USowned advertising agency says. "There are dangers in excess control of the media, such
      Reuter  -  270 words
    • 243 6 Media house appoints Soderbom Associates ONE OF SCANDINAVIA'S largest media houses, Media Broker, has appointed Soderbom Associates as its regional representative. The agreement has just been finalised and will initially cover South-east Asia. Hongkong and Indonesia. Australia and New Zealand are still under negotiation. Soderbom Associates, a marketing consultancy focused
      243 words
    • COPY LINES
      • 72 6 GERRY PEREIRA has been promoted to the position of Director of Client Services at J Walter Thompson. He will strengthen the Planning Department with more staff and remain as Director of Strategic Planning. Mr Pereira has been with JWT for five years and is a member of
        72 words
      • 59 6 OMNILINK Promo Inserts, a division of Omnilink Marketing Communications, has changed its name to Omnilink Response Media. The company currently hastwo media products Promo Inserts free standing inserts in major newspapers, and Business Response Deck, a concept soon to be circulated to over 20,000 top Singapore executives.
        59 words
      • 143 6 Campaign STORIES circulating that the Saatchi brothers are looking to launch a new stock market venture in the UK hcve been flatly denied. A spokesperson from the agency's Regent Street headquarters said the reports were "simply not true". It was suggested in one London
        Campaign  -  143 words
  • Page 6 Advertisements
    • 99 6 50% OFF ALLOURCARS! I IU w To celebrate Sime Darby Services turning 8, Hertz is giving a 50% discount* on any car you rent on the 8 days between 1 November and 8 November. The offer's valid for selfdriven cars under the standard rental rates and for driving in Singapore
      99 words
    • 24 6 vfrt <1L» PATEK PHILIPPE 0 MS o*o w/i THE CREATIVE HAND StA am/6tAJfflwem/er &zvd/i>n 1, Stfoaa J024 WE WOULD BE HONOURED BY YOUR PRESENCE
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  • Page 7 Advertisements
    • 330 7 Hardly a day goes by when a fluctuation in foreign exchange rates doesn't have most company treasurers reaching for the panic button. Whatever happens out there, the chances are that one or more of the currencies your company does business in will be affected. 1111 With the minimum of warning.
      330 words

  • COMMODITIES
    • 135 8 TM doeed a cent higher at M 519.49 a kg on Km KLTM yesterday on conUnuad local and Europa an damand. Tha riaa waa also attributed to Armor starling nalnii rlnnnl* ...I. I nti •viinii uii nnggii, wnven further narrowod tho local premium ovar tho European tin prica
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    • 167 8 Fuel oil prices were steedy in the Singapore market of light trade. CST-180 lots were still being priced by potential sellers at US$65-US$66 per tonne (fob Sing) while buyers were notionally pegged at US$63-US$64 per tonne (fob Sing). Taiwan was expected to buy more than orginally
      167 words
    • 76 8 (cwwi/kg) DECEMBER 1988 JANUARY 1988 (currant month) (forward monlti) RAS NOON NOON ■wyari S*H*n lwy«ri l B,n SS« 20 194.00 196.00N 194.00 196.00* SSI 50 192.00 194.00N 192.00 194.00N MRELB kiwi SoHar, lwy«n jllUu SMI CV 309.00 3I1.00N 311.00 313.00N SM* I 301.00 303.00N 303.00 305.00N SMI
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    • 242 8 SINGAPORE: Rubber prices closed easier yesterday with Dec RSS One buyer quoted at 202.50 cents a kg, down five cents from Tuesday's close. Prices fell sharply in the morning on speculative selling, but some short-cov-ering interest in the afternoon pared the early losses. Trading remained quiet. TSR-20 Award market
      242 words
    • 273 8 R AS prices In oMMg, fob In bah M NOON CLOSE Int 1 RSS Prompt ftuyora Sollort twyors Sellers 200.00 202.00N 200.00 202.00N Int 1 RSS Doc 88 202.50 203.50N 202.50 203-50N Int 1 RSS Jon 205.50 206.50N 205.50 206.50N Int 2 RSS OP 199.00 201. OON
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    • 390 8 HONGKONG: Gold cloeed steady in quiet and thin trading yesterday due to a lack of fresh incentives Light local buying in the morning was slowly absorbed by profit-taking pressure which pushed gold back to near-opening levels. Bullion ended at U*****.90/412.40 an ounce against an initial US$4ll.BO/412.30 and compared
      390 words
    • 398 8 Malaysian crude pefcn oN prices yesterday recovered to cloee off the day s lows on late covering and speculative buying interest. Nov south region traded from M 51,052.50 to M 51.058 per tonne, but was still Ms 2 below Tuesday's closing level. KLCE palm futures on Nov 2
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    • 298 8 London Commodity Exchange Bwyoc/SoMor doting pricos or Nov 1, (£/tomo union spodfiod). Proviows dosing pricos In poronfhosh. CoffM fcosis In-sfoco London, soliors option OF London Nov 1060/1062 (1071/1073) Hfch/Low 1080/1055 Jon 1077/1079 (1095/1096) High/Low 1099/1075 Solo* (5560) Cocoa Doc 796/798 (790/791) Hfch/Low 811/783 Mar 802/803 (796/797) Ugh/Low 814/786
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    • 236 8 Chinese Produce Exchange Sflltn' noon dosing 1 >rieti on Nov 2 (SS/100 kg) Coconut oil M FOB 116.00 OM drum FOB 126.00 N*w drum FOB 130.00 Copra Mi*»d (too—) 68 Pepper Murrtok whir* FOB NLW 585.00 Sarawak wMm FOB foq NLW 575.00 Sarawak Mack FOB NLW 382.50 Sarawak
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  • Page 8 Advertisements
    • 166 8 A legend in modern design: Movado® Museum Watch. It was inspired by the group of international artists who developed the famous Bauhaus School in the 1920'5. Simplicity, tastefulness, function was their dictum. And one of its purist expressions was the watch dial distinguished by a single dot, designed a decade
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    • 13 8 The soybean and wheat reports wara held over due to preseure on space.
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  • Page 9 Advertisements
    • 204 9 MARCO POLO BUSINESS CLASS BUILT TO HELP THE CORPORATE BODY ARRIVE IN BETTER SHAPE i m I A p% v V .s 5 I*. I ii 1 V V >v Mi V V>J&AV& 7 V »WW THE NEW iiiJl P"l'* m X3*s£Z V- J 8 wthe spine. One seat has
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  • MONEY AND EXCHANGES
    • 292 10 Reuter VENEZUELA is considering a plan to raise up to US$l billion in new loans based on future crude oil sales and has contacted the Bank of America and Salomon Brothers Inc regarding the plan, the Finance Ministry said in Caracas on
      Reuter  -  292 words
    • 202 10 Indicate* tha avaraga o4 tha prima landing rata* of 12 major banka In S'pora r Interbank market rates (offer/bid) on Nov 2 uss DM SWFC Y«n 7 doy* 8 3/8 1/4 II 13/16 13/16 4 7/8 3/4 4 1/4—1/8 4 7/16 5/16 1 mft> 8 3/8 1/4
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    • 225 10 ASIAN DOLLAR deposit rates ended at their opening levels after a day of thin trading yesterday. The market was awaiting the announcement of the US Treasury quarterly refunding and September factory orders, due at 1500 GMT uss OfTCK MO 7 day* 7/16 8 5/16 1 month 8
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    • 494 10 December Eurodollar futures opened at 91.40 on Simex yesterday, almost unchanged from the previous closing level as the US leading indicators and construction spending had little impact on the market. Continued cautiousness over the Treasury refunding announcement, the US Presidential election and US employment data led prices to range
      494 words
    • 189 10 IMM currency futures closed higher and in the upper portion of daily ranges after a nervous session on Tuesday. Futures opened higher on buying linked to losses in the dollar overnight. Buying was limited. A check of rates by the Fed around mid-morning sparked a bout of selling that
      189 words
    • 162 10 Gold futures on Nov 1, 1988 100 troy ouncK USS par troy ounce Op— M* Low Mto K/Nov 411.00 411.00 411 00 411.60 .10 OK 413.70 414.70 413.60 414.00 .10 ion 416-50 .10 Fab 418 50 419.50 417 80 418.90 .20 A|* 423.00 424.50 433.00 423.90 .30
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    • 62 10 THE OVERNIGHT rate on the Singapore money market rose 1/8 point to close at 5-1/4 per cent yesterday. One and two-month rates were unchanged, while three-months rose 1/16 S$ Interbank rates at the dose yesterday: ora mo 0»«r5 1/4 5 1-oxm* 5 3/1* 3 V* 2-4MM* 5 1/4
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    • 119 10 bills Period issue code Yesterday's dosing Day's Maturity MO OfFH HKX LOW 3 month* BQ*****A 02.02.89 4.30 4.25 4.44 4.20 6 humiHH BY*****Z 23.03.89 4.37 4.32 4.34 4.25 1 year BY*****S 20.07.89 4.42 4.37 Government notes end bonds Period Issue Maturity Coupon Yesterday's dosing Day's code rate
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    • 1395 10 CURRENCY FUTURES OPTIONS Wednesday, Nov 2, 1988 DCUTSCHEMARK (SIMEX) MM M MMS MM Lam 1 Mm 00 pais ia_ tat 33 33 34 33 36 37 33 33 34 33 36 37 39 60 61 63 33 36 37 39 JAPANESE 73 73 74 73 76 77 71 79
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    • 84 10 Reuter SEVEN more institution* have applied to be registered as banks in New Zealand The Reserve Bank said in Wellington on Tuesday a response to one of the applications could be made within the month. Th« institutions seeking registration were not nsmed,
      Reuter  -  84 words
  • Page 10 Advertisements
    • 145 10 We touch Bandar Sen Begawan sixteen times a week. B f 'I A IS •V f r f Ai l ;i u ■*4* <4 9 ?v, r<?*« V* ROYAL BRUNEI'S GOLDEN FLEET NOW FLIES TO BANDAR SERI BECAWAN TWICE DAILY AND THREE TIMES ON TUESDAYS AND FRIDAYS. WHENEVER YOU FLY,
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  • BANKING AND FINANCE
    • 838 11 SINGAPORE: J The US dollar yesterday traded within the range of 1.7843-1.7740 Deutschemark; 125.10-124.40 yen; C1.7767-E1.7688; and Ssl 9988-51.9965. It closed I at 1.7840 marks/125.00 1 yen/£l 7690/551.9980. I The recovery at the European open was due to talk that next week's BIS .meeting will seek to establish
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    • 226 11 Interbank rates at 3pm yesterday: BIO OFFER croee parity T» Local dollars to one unit of foreign currency: US dollar 1.9975 1.9985 2.8196 •29.16 Sterling pound 3.5385 3.5423 7.3469 -51.84 Australian dollar 1.6399 1.6427 3.4286 -52.17 NZ dollar 1.2484 1.2510 3.4286 -63.59 Canadian dollar 1.6279 1.6300 3.4206 •52.41
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    • 201 11 Reuter MAJOR NATIONS are determined to seek currency stability under the spirit of the Group of Seven accords, including using joint intervention when needed, Bank of Japan sources said. They said the recent dollar drop was very speculative and a
      Reuter  -  201 words
    • 111 11 Reuter THE Bank of China is making its first foray into international bank lending to the Soviet Union. An official of the Chinese bank said it was part of a syndicate of five banks which was providing Vnesheconombank, the Soviet Bank for
      Reuter  -  111 words
    • 455 11 Bernama BANK NEGARA adviser Andrew Sheng yesterday advised Malaysian insurance brokers to self-ex-amine and appraise the industry's professional standards before venturing into larger and more specialised insurance businesses "By standards. I mean standards of entry into the profession and quality of service through
      Bernama  -  455 words
    • 430 11 NYT TRADING in the shares of Rothwells, the troubled Perth merchant bank, has been suspended one day after it failed to meet the stock exchange's deadline for reporting its results for the year to July. The exchange said in a statement
      NYT  -  430 words
    • 453 11 NYT JAMES BARTH, the chief economist of the Federal Home Loan Bank Board, said in Honolulu on Tuesday that losses at America's 3,100 savings and loan associations would total almost US$2 billion in the third quarter, continuing the pace of
      NYT  -  453 words
  • Page 11 Advertisements
    • 176 11 DBS Autosave It begins with a personalised chequebook and daily with your DBS Bankcard at more than 1,000 NETS oudets. And if you interest on your balance. With the convenience of a new prefer our DBS Visa card instead, you not only get the ATM and h chequebook ready for
      176 words

  • PERSPECTIVE
    • 471 12 PLANS BY TOP local banks to allow investors to use Singapore government securities as collateral to raise loans could help bring more individuals and corporations to the 1%-year-old market, now dominated by primary dealers and financial institutions. It could also benefit the banks in terms
      471 words
    • 981 12  -  By SEAH CHIANG NEE LEARN one or two foreign languages and there's no end to what you can do. an old teacher advised me 23 years ago. before I held my first job. At the Global Strategies conference last week, I realised how fundamentally
      981 words
    • 1032 13  -  The steady decline in the Japanese trade surplus has slowed down. It could not have come at a worse time. In the US, both candidates in the presidential election have been promising to be tough on trade issues. In Europe, debate is raging
      FT  -  1,032 words
    • 642 13 Will 1992 bring a more liberal or a more protected trading environment for European car-makers? Industry officials say a strategy blueprint for the EC car industry after 1992 is still too vague. KNUT PRIES reports. Reuter LONG-RANGE PLANNERS in Europe's car industry
      Reuter  -  642 words
  • Page 12 Advertisements
    • 68 12 3 •V •i SINESS TRENDS NOVEMBER 1988 NOW AT NEWSSTANDS ft T At IRAN I a uanatutai music that made the Cathay famous Satin cuisine and superb wines, and you have all Catch them in their rendition of the brand of smooth... and so danceahle. Add sumpt the ingredtenti for
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    • 9 12 V Some people promise support. We support the promise.
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  • Page 12 Miscellaneous
    • 31 12 LStcw: ftaa&l&ctoe RRe vou meBRiSTou) SB) IMDC€-D kno VOUR NRme *GGie SPuOT SAY IT SOFT AND IT'S PILMOST L(*C(T Joying U)€XL .VjJeUL P* Fp<ce, p\cx?ie SPuot < EVCNiNO (TANOAMO CO LTD, <M}-lttl
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  • Page 13 Advertisements
    • 229 13 It is one of the most important moments in the life of your business. You are about to commit to an information system. In return, you have the right to ask, "What kind of commitment is the company that makes the system going to make to my business?" LWT -xs—'t"
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  • LEISURE
    • 578 14 NYT PRINCE CHARLES attacked modern British architecture again recently with a television documentary of his own that left no one in any doubt about what he didn't like. A Manchester convention centre, he said, was an unmitigated disaster. Birmingham's central library looked like a place where books
      NYT  -  578 words
    • 758 15  -  By VINCENT CANBY NYT IN THE MIDDLE of a recent weekday afternoon, in a large, immaculately maintained cinema off the Ginza, there were only two dry eyes in the house mine. They really didn't count, since the film I was watching was in Japanese, supplemented
      NYT  -  758 words
    • 441 15 UPI Title: The Marcos Dynasty Author Sterling Seagrave Publisher: Harper A Row. 431 pp Reviewer David Jones IN MANILA, a city where coup plots abound and no conspiracy theory seems too weird to be true, observers are only half-facetiously asking how author Sterling
      UPI  -  441 words
  • Page 14 Advertisements
    • 268 14 Where to entertain. 1 Experience an intimate dinner affair at Cafe Vienna. Never will you come so close to a buffet selection so alluring, so tempting. Daily at $16.90 per adult and $9.90 per child. All prices subject to 10 w o service charge and 3®7» cess. Royal Singapore 25
      268 words
    • 134 14 MALAYSIAN HIGH TEA ONLY $7.00++ %<** 4 *2 fv 0 Try Something Malavsian Style "HIGH TEA" From three to ax even afternoon your choice of 15 Buffet spread of delicious Kueh Lapts. Kueh Dadah, Mee Siam, Kueh Kuchee. Agar Agar Gundil, Bubor Hitam, Gula Meiaka and many more. Unlimited servings
      134 words
    • 237 14 FASHIONABLY HYATT Join the fashion-conscious every Thursday (3.00-6.(X)pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus.show at $10.90 ryr Plus 10% Service Charge r
      237 words
    • 179 14 Cafe Plaza An Inviting Hokkien Treat (Nov. 1-15) Adults: $14.50+ Children: $9.00+ 7 u #1 SL Asian Buffet Lunch Nov 1 -11 $11.50 (Adult) $6.50 (Child) Friday Fashion Fare 1.15 pm Nov 4& 11 Models: St Louis Model Agency Lucky Draw (after fashion fare) HIGH TEA Fri, Sal 6 Sun
      179 words
    • 233 14 It's the French Gastronomic Week! f Oohlal f The Hot fOoh la la! The Hotel Plaza Athenee, Paris comes to The Stables. Here you can uncover the romance and flavours of Paris brought to you by French Executive Chef Monsieur Claude Bamier. Be titillated by his delightful creations. And win
      233 words

  • Page 15 Advertisements
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  • Page 15 Miscellaneous
    • 635 15 mmmm CRYPTIC PUZZLE ACROSS 1 Horse and trap showing soma want of claaning? (6) 7 The sort of mining to start and than chuck (8) 8 Maan to gat a blueprint (4) 10 Lika ones appetite tor good cabbage? (6) 11 People in NATO, poeaibly (6) 14 But it ian't
      635 words
    • 1207 15 Real-life plutonium scandal r Thursday Feature Special Silkwood 10.35pm, Channel 5 Meryl Streep (lafl) gives a superb performance in this movie based on the personal and professional struggles of Karen Silkwood who died mysteriously while trying to expose a plutonium scandal. Excellent performances also by co-stars Kurt Russell (right) and
      1,207 words

  • SPORTS
    • 442 16 AP. Reuter AMERICAN Brad Gilbert, beaten in straight sets by Israel's Amos Mansdorf in the Paris Open final on Sunday, suffered another embarrassing defeat in the European Community tennis championship on Tuesday. He lost 6-1 6-4 in the first round to the veteran Czechoslovak Tomas
      AP.; Reuter  -  442 words
    • 362 16 UPI IN A PERFECT boxing marriage, the new World Boxing Organisation has sanctioned tomorrow night's Thomas Hearns-James Kinchen fight as a world super middleweight title bout. The WBO hopes its sanction will give credibility to the spin-off group, while Hearns can claim to be
      UPI  -  362 words
    • 317 16 Bernama THE EIGHTH ROUND of the Formula One Powerboat Grand Prix World Championships in Penang on Sunday may well decide the outcome of the series. Penang Powerboat Club chairman Syed Mohamed Aidid Syed Murtaza said yesterday that the race, which carries a total prize money
      Bernama  -  317 words
    • 241 16 A FIGHTER'S success depends greatly on confidence, but Sugar Ray Leonard says that Donny Lalonde has too much of it. "His major weakness is his confidence. He gets right-hand crazy,'' said Leonard, referring to Lalonde's much-heralded right hand, which has taken him to a
      241 words
    • 625 16  -  Jrankltf speaking,... by Walton Morais IT BEGAN WITH black cats, went on to white cockerels and finished with genies. Sarawak's fairy-tale run in this season's Malaysia Cup soccer competition was all about psychological warfare. At the National Stadium on Monday, you could feel how well the ploys
      625 words
  • Page 16 Advertisements
    • 184 16 The legend in Jakarta takes you to the heart of business matters MANDARIN ORIENTAL JAKARTA Mandarin Oriental Jakarta is well plaeed to be the ideal hotel for busy executives. It is the only grand luxe hotel situated right in the middle of the business and diplomatic district. And our 24-hour
      184 words
    • 419 16 Republic National Bank of New York A subsidiary of REPUBLIC NEW YORK CORPORATION Consolidated Statements of Condition (In Thousands) Assets Cash and due from banks Interest bearing deposits with banks Precious metals Investment securities Trading account assets Federal funds sold and securities purchased under resale agreements Loans, net of unearned
      419 words

  • COMPANIES & STOCK MARKETS
    • 922 17 WMm mm*** By HOCK LOCK SIEW i LOCAL AND FOREIGN analysts I have consistently rated SIA shares a good buy. They were proved right. With record interI im after-tax earnings of $454 million, SIA is set to end its I FYBB/89 with a $1 billion profit I
      By HOCK LOCK SIEW  -  922 words
    • 330 17  -  By HERMAN PHUA SINGAPORE'S biggest video tape and cassette manufacturer, Electro Magnetic (S) Ltd (EMS), the first entrant to the main board of the stock exchange this year, has exceeded its forecast earnings. The company also disclosed yesterday that it had started another turnkey
      330 words
    • 345 17 FT THE STOCK EXCHANGE of Hong kong has postponed the flotation of Cosmos Machinery, citing poor documentation and insufficient information for potential investors, in a move seen as setting the tone for an era of tighter regulation on the colony's stock market. Cosmos, a Hongkong industrial
      FT  -  345 words
    • 518 17 THE KA WAH Bank has taken action to strike out the defence put forward by the Low brothers in a HKSBO million civil claim. In the Hongkong Court of Appeal on Tuesday, the bank sought to reverse Deputy High Court Judge
      518 words
    • 283 17  -  By JOCELYN TOH METAL CONTAINERS Ltd (MCL) has teamed up with some of its major shareholders to acquire a controlling stake in a Californiabased computer marketing and distribution company. The porties in the deal include Riviera Development Re Ltd, a 53.2 per cent
      283 words
    • 420 17 FABER MERLIN Malaysia Bhd is trying very hard to win loan stockholders' support for its crucial financial restructuring scheme. In the run-up to a crucial meeting this Saturday. Faber Merlin has been holding informal meetings with loan stockholders
      420 words
    • 131 17 SINGAPORE Press Holdings has moved one step closer to the demerger of its subsidiary Times Publishing Ltd. SPH said the special and ordinary resolutions relating to the demerger were approved by the requisite majorities of shareholders at an extraordinary general
      131 words
    • SES
      • 1480 18  -  by KEVIN GWEE TURNOVER on the local stock market slipped marginally as investors remained sidelined ahead of the US presidential elections on Nov 8. Dealers said there was minimal institutional interest in the local bourse, with retail participants mainly dominating the
        1,480 words
      • 117 18 AUSTRAL AMALGAMATED TIN Berhed: 49th AQM at The PNB Theatrette, 2nd Floor, Menara PNB. 201 A, Jalan Tun Razak, ***** Kulua Lumpur today. Nov 3. at noon. Rottimans Industries Limited: 9th AGM at the Registered Office of the company, Virginia Park, 905 Bukit Timah Road, today. Nov 3,
        117 words
      • 5582 18 1M8 Tel High Low Code SESDAQ Company Last Sale +ocNQV02 Gr'a Div Div C'vr Gr'a Y'ld Net P/E Vol roooi Day High Low Last Quote Buyer Seller M Cap Smfl 187 120 170 59 110 130 199* 53 144 92 135 126 122 114 t 4000 75
        5,582 words
    • KLSE
      • 3251 19 A CONTINUED lack of buying interest taw share prices slip lower on the Kuala Lumpur stock market yesterday. Turnover at 5 667 million units was the lowest for this year. With no fresh leads in tight, buyers continued to stay aloof and shares drifted lower
        3,251 words
    • REGIONAL MARKETS
      • 1370 20 Hongkong HONGKONG SHARE prices yesterday drifted lower in dull trading and thin turnover. The Hang Seng Index ended 7.61 points lower at 2,607.82 and the Hong Kong Index 5.24 down at 1,718.07. Turnover was HK5534.87 million, well below HK5826.31 million on Tuesday. The quiet
        1,370 words
      • 553 20 Tokyo Reuter TOKYO SHARE prices ended slightly lower yesterday, breaking a sevenday winning streak after a strong start, brokers said. "The market has a fair amount of energy in it but it has not yet the broadbased energy to set it out of its box." said Ross
        Reuter  -  553 words
      • 408 20 Australia Reuter THE AUSTRALIAN share market closed lower yesterday in another day of cautious and lacklustre trading. Brokers said lack of volume was the main problem and the negative market sentiment was expected to continue at least until next week's US presidential elections. They said publicity about
        Reuter  -  408 words
    • WORLD MARKETS
      • 870 21 New York Reuter BLUE CHIPS closed out a quiet session with small gains on Tuesday but the broader market trailed. Trading was much the same as Monday, with many investors appearing content to hug the sidelines, analysts said. Takeover issues continued to draw the most attention.
        Reuter  -  870 words
      • 944 21 London Reuter LONDON EQUITIES eased from their early highs at the official 0900 GMT opening yesterday but volume was low and there was little selling pressure, dealers said. "The market was looking to take a rest and the neutral autumn economic statement on Tuesday gave
        Reuter  -  944 words
      • 1164 21 Reuter MILAN Italian share prices opened higher yesterday but trading volume was down from recent sessions, dealers said. The MIB was up 0.5 per cent at 1030 GMT. Stste banks Banca Commerciale and Credito Italiano were heavily requested ahead of the Mediobanca share sale later this month.
        Reuter  -  1,164 words
      • 163 21 Reuter THE SECURITIES Exchange of Thailand Index fell 1.43 points to 408.39 yesterday on a turnover of 4,988.154 shares worth 387.17 million baht. NOV tt BAMT Ao Kham Thai 308 Ayudhya Invaatmant 410 Bangkok Agro-Jnd 106 Bangkok Bank 283 Bank Of Ayudhya 3M Charoong Thai Wlra A
        Reuter  -  163 words
      • 371 21 Reuter THE TAIWAN stock index closed sharply lower yesterday after moderate buying interest late in the day failed to rally the market after an early slump, dealers said. The weighted index dropped 144.98 points, or 2.3 per cent, to close at 6.046.07 from Tuesday s 6.191.05 close.
        Reuter  -  371 words
      • 128 21 Reuter SEOUL SHARE prices extended Tuesday's late afternoon rally yesterday and rose in moderate trading, brokers said. The composite index just before the close was up eight points at 744.81. Turnover was an unexceptional 193 billion won against Tuesday's close of 160 billion. "President Roh Taewoo's tour
        Reuter  -  128 words
  • Page 17 Advertisements
    • 173 17 The Amazing? Oyster Garment 1 Bag. Hidden pocket for personal items. (Patent pending) Locking hanger fixtures lock any hanger m place. (Patent pending) Crisscross packing, bar holds clothing in place on hanger. (Patent pending) Two retainer straps hold longer garments in place. (Patent pending) Hidden pocket to. hold ties and
      173 words
    • 72 17 p PARKWAY HOLDINGS LIMITED 5530,000,000 GUARANTEED FLOATING RATE NOTES DUE 1993 In accordance wich the provisions of the Notes, notice is hereby given that for the three month period from 3 November 1988 to 3 February 1989. the Notes will carry a rate of interest of 6.1875 per cent, per
      72 words
    • 42 17 Financial Newsmakers Fine cuisine, from formal dinners to cocktails and canapes, complemented by superlative service. Presented against the backdrop of Singapore and the surrounding islands. Call Valerie Isle, Orient Charters Pte. Ltd., on (65) 468 4017. Or fax (65) 469 7894. Orient
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  • Page 20 Advertisements
    • 846 20 The 4th Annual Countertrade Conference, Singapore a Countertrade in the *****: Changes and Challenges (MTMffiW 10-11 November 1988 Hyatt Regency Singapore The premier meeting ground for international countertrades, state officials, bankers and all those involved in countertrade activities to establish new contacts and explore new opportunities arising from developments in
      846 words
    • 862 20 NOTICE NOTICE IS HEREBY GIVEN that, I Seow Chon Fat of Blk 52 #12-179 Marine Terrace Singapore (1544), have applied for a First Class Beer House licence in respect of premises at M/s Seng Hai Sun Seafood Eating House at No. 306 Bedok Road, Singapore 1646, and that this application
      862 words


  • 573 22  -  Norihiko Kihara's arrest alarms SEC officials By AL O LABITA Jr, Writing tor BT from Manila CHEATING CHARGES slapped on the managing director of Futurelink Re Ltd in Singapore may affect the fate of its Philippine affiliate, padlocked by the Securities
    573 words
  • 394 22 AFP PRESIDENT SUHARTO inaugurated development projects in East Timor yesterday, while his government said that it planned to soon grant the former Portuguese colony the same status as other Indonesian provinces. Official sources in Jakarta confirmed reports that eight of East
    AFP  -  394 words
  • 124 22 Reuter AN INVESTIGATION of financial irregularities and official corruption will be extended to China's armed forces, the China Daily said yesterday. The official newspaper quoted Lieutenant-General Zhang Bin, deputy chief of logistics of the People's Liberation Army, as having said that the
    Reuter  -  124 words
  • 216 22 AFP. SOUTH KOREAN concern Daewoo Shipbuilding and Heavy Machinery Ltd faces bankruptcy unless the government steps in to bail it out or merges it with a stronger group, a regional weekly said yesterday. The Far Eastern Economic Review says in its forthcoming issue that the company
    AFP.  -  216 words
  • 171 22 Reuter NOMURA SECURITIES Co Ltd is to lead manage a new investment fund totalling US$l5O million which will focus on stock markets in South-east Asian countries, a Nomura spokesman in Tokyo said. The Asean Fund Ltd, which is a project of the Asean Banking
    Reuter  -  171 words
  • 148 22 AFP PHILIPPINE Foreign Secretary Raul Manglapus said yesterday that his visit to Vietnam this month was expected to touch on a Soviet proposal to withdraw all US and Soviet military forces from South-east Asia. Mr Manglapus indicated at a news conference in Manila that
    AFP  -  148 words
  • 172 22 UPI PRESIDENT CORAZON Aquino set her nation on a new collision course with the US over strategic military bases yesterday, publicly differing over the expiry date of the treaty covering the installations. US forces must vacate Clark Air Base and Subic Bay
    UPI  -  172 words
  • 258 22 AFP DIRECT JAPANESE investment in Europe may dry up if the European Community refuses to treat Japanese cars made in Britain as locally produced items, several politicians in Tokyo warned yesterday. Their warning followed a move by France to include Bluebirds
    AFP  -  258 words
  • 417 22 AP ISRAEL'S right-wing Likud bloc and leftist Labour Party yesterday began bargaining with four religious parties in a bid to form a coalition government following inconclusive national elections. In Tuesday s balloting, neither of the major parties won the 61-seat majority, either by
    AP  -  417 words
  • 85 22 Reuter COMEX GOLD futures tracked the early firmness in platinum on sympathetic buying in early trading yesterday but the high volume traders were sidelined, awaiting next week's US Presidential election. The December gold delivery was marked up US$l.9O at U*****.90 an ounce after holding in a range of
    Reuter  -  85 words
  • LATE FILE
    • 65 22 AFP THE SOVIET UNION would welcome en eerly summit meeting with President Reegsn's successor, Soviet Foreign Ministry spokesmen Gennedy Geresimov said in Moscow yesterdey. Mr Geresimov was responding to a statement by US Vice-Presi-dent George Bush, who on Tuesdey pledged to seek s summit
      AFP  -  65 words
    • 68 22 AFP THE HONGKONG government will drop a controversial provision in a new securities Bill under which a witness might make self-in-criminating evidence, a government consultant said in the colony yesterday. The current draft of the Securitiee and Futures Commission Bill would heve enebled the
      AFP  -  68 words
    • 43 22 Reuter THE INDIAN government denied yesterday that it had secretly imported heavy water from Norway that could be used in making atomic weapons. "India has not imported any heavy water from Norway," said a spokesman for the External Affairs Ministry.
      Reuter  -  43 words
    • 54 22 AFP MUJAHEDEEN rebels yesterday captured Afghanistan's major checkpoint on the historic Khyber Pass border crossing with Pakistan, resistance sources in Islamabad said. The Mujahedeen captured the Tor Kham border post, burned the customs house and seized its passport office after heavy fighting which had begun
      AFP  -  54 words
    • 39 22 Reuter SOLIDARITY joined forces with Poland's official OPZ2 trade unions yesterday to stop the closure of the Lenin shipyard, where the banned union was born in 1980, Solidarity leader Lech Walesa said in Gdansk. Reuter
      Reuter  -  39 words
    • 35 22 AFP FOREIGN MINISTERS from the six-member Gull Cooperation Council yesterday ended a special emergency meeting in Riyadh amid calls for full implementation of the Iran-Iraq truce, a council statement said. AFP
      AFP  -  35 words
    • 26 22 Reuter THE SRI LANKAN government said yesterday that "subversive elements" were planning to disrupt normal life today and ordered tightened security measures.
      Reuter  -  26 words
  • Page 22 Advertisements
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    • 80 22 Ttw silver report was not available it prtu Hiim EC car Industry wants clsarsr picture of 1992, PAQE 13 ■Jp ■J** tfc--xC' T Llusive because it's exclusive The classic elegance of Jean Philippe a handpicked range of shirts, trousers and leather accessories in designs that are to the best of
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    • 3 22 Sm page 4
      3 words

  • SHIPPING TIMES
    • 413 23  -  By G DURAIRAJ THE PROMISING outlook of the Far East-Europe trade has prompted Hapag-Lloyd to increase its container capacity by more than 60 per cent in stages, beginning in 1991. Five new container ships ranging from 4,000-4,100 TEUs will be built by the
      413 words
    • 275 23 AP THE UN General Assembly has voted overwhelmingly to support an agreement on international sea laws, with the United States and Turkey the only nations voting against it. The US claims the UN Convention on the Law of the Sea would infringe on
      AP  -  275 words
    • PORTSIDES
      • 107 23 Reuter THE FAR Eastern Freight Conference has revised the currency adjustment (actors (CAFs) for the areas from the UK/Irish Republic, Scandinavia and Korea. The Korean CAF was changed to 22 per cent from 18 per cent previously, based on latest exchange rates, it said. The Irish/UK CAF
        Reuter  -  107 words
      • 139 23 THE Melvin H Baker completed her 1,500 th voyage in Baltimore on Sunday a remarkable achievement for a 17,657 dwt bulk carrier in international blue water trade. The Melvin, now 32 years old. was built by the West German yard A G Weser and delivered to
        139 words
      • 96 23 FISHERMEN rescued all 21 crew of a cargo vessel loaded with logs that sank off the northwest coast of the Philippines, the Philippine Coast Guard. The Coast Guard said strong waves tossed the Pana-ma-registered vessel Maria Pilar for hours before it sank on Sunday off Cabugao town
        96 words
    • 324 24 General cargo sector registers biggest improvement AN UNPRECEDENTED 60.6 million revenue tonnes were channelled through Worldport LA in fiscal year 1987 ending June 30, 1988. This represents a 10 per cent increase over the 55 million tons attained in fiscal 1987. The biggest
      324 words
    • 796 24 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Adrich Shpg VII 1 Alltrans VII 3 Anro Service IV 2/3 ANl 1 1/2 ARC line V 4 API III 2/3 Arrow lines IX 5 ASCI III 1 Asian Ocean VI 1 Awards Shpg V
      796 words
    • 275 24 Containerisation International MONTREAL PORT is planning to expand its container facilities to cope with demand up to 2010. Montreal handled 574,522 TEU in 1987 (an 8 per cent gain on 1986) and containers account for a growing proportion of the port's total traffic. Last year the
      Containerisation International  -  275 words
    • 298 25 Lloyd's List THE DIRECT employment of Japan's seven major shipyards has fallen below 20.000 following the latest round of rationalisation in the shipbuilding industry. Figures compiled by Japan s Kaiji Press show that the leading shipbuilders have cut their workforce by more than
      Lloyd's List  -  298 words
    • 393 25 AP THE CAPTAIN of an Italian freighter that collided with a Greek cruise ship carrying 486 British schoolchildren and teachers was formally charged on Tuesday with manslaughter. Capt Flavio Caminale, 45, from Genoa, Italy, was ordered detained pending trial but immediately lodged an
      AP  -  393 words
    • 101 25 Reuter THE Chilean cargo/container vessel Corral was stranded on Oct 23 in Chacao channel off the coast of Chile while fully loaded, but was later refloated, Lloyds Shipping Intelligence reported. The 11,278 tonnes ship's double bottom tanks, starboard pipe tunnel and engine-room cofferdam were flooded.
      Reuter  -  101 words
    • 204 25 Reuter THE UNITED STATES Customs Service will continue to aggressively open and sometimes unload cargo containers from Central and South America to search for illegal drugs, Robert Grimes, the agency's regional director said in New Orleans. The importation of illegal drugs is the
      Reuter  -  204 words
    • 310 25 ALL SURVEYS were conducted on Oct 4. Argentina Buenos Aires 35 vessels operating. Bahia Blanca Normal operation Australia All ports Normal operation. Bangladesh Chittagong Normal operation. Brazil Santos 35 vessels operating. Rio de Janeiro 25 vessels operating. Cameroon Douala Normal operation. Chile Arica Normal operation. Talcahuano Waiting time
      310 words
    • 1305 30 GRAIN chartering on Tuesday featured the fixing of another Panama* bulker carrying grainfromthaMississippi to the Continent.shipbrokers said. The vessel concerned wastheßatna Deep, which is reportedtohave been fixed forabouts6.ooolong tons of light graintoLoriantand Rotterdam at alumpsumequal to aboutUSSls 35 with option of Rotterdamonly atsl3 35 The Baltic sub-indexbased onheavy
      1,305 words
    • 4959 30 AANHUB La Salna Trlot. Nov 3 Ever Qeneral Evergreen. Nov 4 Maarak Roaerdam Maarak Line Nov S Ming Progreaa. Yang Ming. Nov I Villa da Vaga. CM 0 Atrenamant Nov 7. Jutlandia ScanOulcM Nov 7 An Ha. CMna Ocaan. Nov t Ever
      4,959 words
    • 1261 30 AT CONVENTIONAL WHARVES VltMl Bart h Arrival Depart KEPPEL WHARVES Ff Ch**r M*loko Joyo II Continent 1 H#r Oiang Koati Moru Fong Yun Koto Joyo Lin Potalmg 3 Nod Nossou Osrtri*slond Trow Sun Concord Echmn Equotor Koto 6*rtot Koto Express Kris M*rub> Un Piloting Kit K2f K2I
      1,261 words
  • Page 23 Advertisements
    • 751 23 ?_;/%],:>*[(|^\*!".%.[/};*!?}^@ Dedicated to Quality Service 200 Cantonmont Road. #12-05 SoutnpoNK. Smgapci 0201 Id *****11 TtKx RS ***** Facsumlo *****09 TERMINAUCFS TM *****18, *****19. *****20 FOR CUSTOMER SERVICE INQUIRIES ANO BOOKINGS >' *****3<W PtUU JAROINE tMPfIMS AfiENCIEt MM WO PORT KELANG Tat *****11 T«ta MA *****/ MA ***** PENANG Tal: *****4
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    • 78 23 mm AN UNPRECEDENTED 60.6 million revenue tonnes were channelled through Worldport LA in fiscal year 1987 ending June 30, 1988. This represents a 10 per cent increase over the 55 million tons attained in fiscal 1987. P«g« II DIRECT employment of Japan's seven major shipyards has fallen below 20,000 following
      78 words
    • 735 23 nnTTnnr T«l: MSMJI (6 llrtM) TU IMCCO R*****8 2*5*477 ilfll INMlfci MAERSK LINE CONTAINERISED, COMPUTERISHI IMI H lei M! I To Europe —UK Scandinavia Finland To Mediterranean Sea To California US Gul* US Atlantic East Canada Ail Water S»-rv«c OAK _GB HOU MEM LICA M MARIT M MARCHEN M LAUST
      735 words

  • Page 24 Advertisements
    • 580 24 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT LA SEINE BENALDER KURAMA MARU SENAVON OSAKA BAY CONTAINER SERVICE FROM UK/CONTINENT VOY NO HAMBURG BREMERHAVEN R DAM/ ANTWERP IE HAVRE OSAKA BAY KAGA TOCAGA BAY LIVERPOOL BAY HONG KONG EXPRESS SOUTH- KAOAMPTON P KELANG S PORE HONGKONG HSIUNG 2/11 4/11 7/11 9/11 7/11
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    • 17 24 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.
      17 words
    • 513 24 ICU AK\ I IMCC Optorg Shipping Pte Lid PD SH CJLtAN LINto Sr w" T mnu Pneing mmi2i lv-/LI Jl I V-/ V—l_ r\ I Telei RS ***** Petalmg Jaya ?562»3 7575M3 Fai 2255&51 Pining *****5 EACON SERVICE (FULLY CONTAINERISED SERVICE) CANARY ISLANDS GDYNIA VESSEL P MIER2EJEWSKI/25 A MICKIEWIC2/3 GEN.
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  • Page 25 Advertisements
    • 1298 25 a The Straits Steamship Group P&O Containers STRAITS SHIPPING Singapore to Satoah, Sarawak, Brunei Ports and Bangkok CONTAINER SERVICE TO UK/CONTINENT: LA SCINC KNALOCR KURAMA HA*U KNAMM OSAKA BAT KA6A TOLAGA MY NOWC KONC EXPRESS Also Accepting Cargo For: la Alitor*, hmun4tm. to Irtawn to *11 UK destination*. I mOur|.
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    • 579 25 JAfAI SEUTM 1 1". n?ni EUROPE G«n«ral Ag*nt USA/PANAMA M an M K1 111.1 l m att m n uxtrrm um ninm m uul m •.it nil •7.11 ZZJI Hai! ftJI 117J! 9JI BJI nil ma ilk aia aia zs.ii it.ii ia.ii ii.iz an ai.it ait TO USA/CANADA WEEKLY FULL
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  • Page 26 Advertisements
    • 598 26 IHSINOSE MARITIME PTE LTD EST ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE Sinfapore Loading for IRAN ELHAM PJL (59 SID BANDAR ABBAS iKYOWAI KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSI HK LOAD FOR: KYOWA HIBISCUS V 33 3/11 VILA, NMA. LTK, SUVA. PAGO. APIA KYOWA VIOLET V 22 2/12
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    • 812 26 BC&.line IHH IMWOC cmmmnm FULLY CONT AIHERISED SERVICE 10 EUROPE VIA SUEZ T A Mfmbfr of the Ace Consortium ACE CONCORD 17W 4/11 ORIENTAL CHIEF 62W 9/11 TRANSWORLD BRIDGE 4SW 13/11 NEPTUNE CRYSTAL 4M 23/11 CHINA CONTAINER 4IW 29,11 [FROM ['JROPE VIA SUEZ V Member ol the Ace Consortium S
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    • 269 26 FREIGHT LINKS EXPRESS PTE LTD DIRECT FCL LCL SERVICE TO JAKARTA ETA 11/11 ft 15/11 AFGHANISTAN NEW SERVICE KABUL/HAIRATAN/TORGHUNDI 8/11 AUSTRALIA/ NEW ZEALAND SYDNEY, MELBOURNE FREMANTLE Also accepting to Darwin AUCKLAND, WELLINGTON, LYTTLETON, DUNEDIN 8 NAPIER EUROPE HAMBURG, ROTTERDAM. BARCELONA, FELIXSTOWE, LONDON, ANTWERP Also accepting to: Scandinavian 8 European inland
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    • 1129 26 MMi iIHMk EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SCP HKC KSG KLC PUS OSK TYO CHS >AL NYC IHV ever gentry uni uoi wi uoi 1101 miu viu 21/12 i« EVER GATHER 1101 22/U Wl 2501 VIU 202 502 2*12 in EVER GOVERN 2*ll Wl Wl 202 402
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  • Page 27 Advertisements
    • 922 27 \v 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 SIN SBY SMG SIN SM SM 4/11 7/11 S/11 10/11 14/11 •/II 0/11 11/11 14/11 13/11 IS/11 IS/11 21/11 10/11 24/11 2S/11 SIN In pi s/11
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    • 635 27 BENLIKE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT a/11 a/11 a/11 n/11 zz/ii 24/u a/11 a/u HAVEN ft DAM HAVRE a/11 21/11 27/11 *11 am 2MI a/u am a/ii a/u a/u a/u mi 2/U 4/12 «02 (02 ¥12 11/12 11/12 11/12 11/12 14/12 U/12 lir'l2 11/12 M/ 12 li/12 11/12 11(12
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    • 398 27 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 VSI/VOY MATARAM/22W8 LJ BONTANG/16WB SRIWIJAYA/25W8 ANTWERP H'BURG/ RDAM/ADAM BREMEN 15/12 20/12 11/1 21/1 23/1 26/1 sub|tct to loductwni Atoo tcctpHftQ ctrQO to CmWinci. Port Said,
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    • 406 27 ffefe BURMA FIVE STAR SHIPPING CORPORATI^HI (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok MYOMAYWA VII2W In Pt/ 4 Nov pa-am \nm 7/J Nov PAGAN VIJ3W 11/20 Nov BANK LINE NORTHBOUND TO UKC CLYDEBANK V24N TAMAITAI SAMOA VI4N FORTHBANK VZ3N Hui/V C L^APAmNTv rF SPORE RDAJM HULL HMBG
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  • Page 28 Advertisements
    • 555 28 KAWASAKI KISEN KAISHA. LTD. K'linb NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP N. AMERICA-ATLANTIC COAST N. AMERICA PACIFIC SOUTH-WEST N. AMERICA PACIFIC NORTH-WEST ■export YAM ASH IN MARU ORIENTAL CHIEF TRANSWORLD BRIDGE NEPTUNE RUBY EUROPE (Member of ACE) LE HAVRE 27/11 24/11 IIU W2 F'STOWE 28/11 25/11 2/12 W
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    • 319 28 cczs i,: lEEina Accepting LCL and South Africa contilntftMd cirQott Direct to Jmrd JARDINE SHIPPING AGENCIES (REG. *****4/ 00K) 200 CANTONMENT ROAD #12-05 SOUTHPOINT. SINGAPORE 0208 Tel: *****11 TELEX NO: RS 2*179 TERMINAL/CFS Tef *****18-220 BOOKINGS Tel. *****3* 235 □OniGNAMA LJIUE S PORE P KELANG PENANG INCHON BUS* SINGAPORE GLORY
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    • 758 28 «3<33£& AUSTRALIA EXPRESS CONTAINER SERVICE MpUftfl FCL/FCL Containers S*tgapore P Attar* Ptnang Loadm* lor Motlwr Vsl Br Fe«dcr By faadar 4 Hoy Frtm Mdb Sydn Adtl 19 Nov 12 Nov 12 Hoy fram/Mafc'Sydn'Adal XOk 73 0« 23 Ok fram/Matb-Sydn/Adal I' Jan 10 Jan 10 jan Frtm IMb Sydn Adt4 24
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    • 568 28 G6GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD li. TAytf StrMt SINGAPORE OIM TIL 5343 M (11 UN£S) f«. SM3SM STRAITS/PERSIAN GULF SERVICE: GOLDEN WONDCP Colombo KjractuiDubai GOlOf N HAVEN CotomOo K»r»chi Dubai D»mmjn CHINA SERVICE A VESSEL Hutnfpu Shanftui S'pore P Ketonf WO Nov O/N No* IWU Nov Perunj SONG
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    • 343 28 v M PHIU-Oni€NT UN€S PT€ LTD HEAD OfFiCE 63 ROIINSON ROAD -07 12 AFRO ASIA BUILDING. SINGAPORE 0105 TflEI RS ***** PHIII fAX *****76 EAST/FAR EAST Ftt i LCI SERVICE ETA SINGAPORE DESTINATION *11. I*ll DUBAI. DAMMAN KUWAIT. DOHA MUSCAT. BAHRAIN ABU DNABI ft SMARJAM JEDDAH (LCI) WEEKLY *11, 16/11.
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  • Page 29 Advertisements
    • 617 29 NEPTUNE ORIENT LINES LTD SST NEPTUNE AGENCIES PTE. LTD Fi EU/AUST TPA/SEA Gonoral Enquiries Tal: *****77 Terminal CFS BOOKINGS *****53 27K)*2 *****22 *****53 *****1 *****14 !2I ISSKSJ3S »£SJ2J NEPLINE SON BHD *1«J ENQUIRIES 27«7«44 NEPIINE SDN BHD *****5/627«0/S27(*l/W7*62 NEPLINE SDN BHD. 23W0/2J841 AT cargo will be transhipped via RD Alm
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    • 464 29 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO KELANG. PENANG, KEELUNG. BUSAN, INCHON STRAITS/KOREA SERVICE 1) BUSAN I SINGAPORE 2) SINGAPORE/ KEELUNG 10 DAYS SERVICE It SERVICE!! Vessel Name ETD BS S PORE PKLG REE BUSAN MO JI NO I DONAM/MSN 01/11 11-14/11 IS-IMI 3 23/11 ?S 2S/11 »11
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    • 652 29 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** penang v. kelang MESSRS HAI THONG SHIPPING 127 P«iin< StraiL Penai* Malayw M/S HANDLING SYSTEM CO SON
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  • Page 30 Advertisements
    • 323 30 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (34 Lmes> FAX *****39/*****76 TELEX RS ***** A/B SSCMA RS ***** A B SSCAO DSR-LINES VEB DEUTFRACHT SEEREEDEREI ROSTOCK < INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE -VIA LARNACA: ACCEPTING CAAGO FOR LIMASSOC BEIRUT. LATTAKIA. ALEXANDRIA,
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    • 94 30 T.S.K. LINE WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL TSKLINE OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MY. SOVEREIGN ACCORD Vlf ETA SIN 7/11/SS SPORE KAOHSIUNG ■> KEELUNG ■> TOKYO -> SHIMIZU -> NAGOYA KOBE 4 DAYS 5 DAYS 8 DAYS 9 DAYS 10 DAYS 11 DAYS TSKLINE AGENCIES (S)
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  • Page 30 Miscellaneous
    • 160 30 K t. Regional Weather n 7A Wi •i iT. S3 i r I S r> •*v SIGNIFICANT WEATHER ANO SEA CONOmONS AT 7JO A.M. Nov 3, IMS c o LEGCMD R Thuhder*torm Temperature Shower Weothet Wind Erection with ipeed «i knots Sox v-/ Cloud, Sfc, Wo¥ Woe* »mdi ia*ceted K'twi
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  • Page 31 Advertisements
    • 617 31 T REGULAR EXPRESS FCL LCL SERVICE DESTINATION BANGKOK PORT KELAN6, PENANG (FCL) HONG KONG KEELUNG, KAOHSIUNG MANILA JAKARTA (FCL) KARACHI, BOMBAY. COLOMBO (FCL) ETA SINGAPORE JARU BHUM ISN H PIYA BHUM V.IS3N SIRI BHUM 38SN BUNGA BUTANG 494 KITI BHUM 225N 12/11, 14/11, 22/11 7/11, 14/11 16/11, 21/11 6/11, 13/11,
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    • 396 31 fccsH |CSP SHIPPING AGENCIES PTE. LTD. Tel: *****66 (16 Lines) Fa*: *****61 Tlx ***** CSPFRT LCL FIXFD CONSOLIDATION TO:MARSEILLES/GENOA KEELUNG/MANILA 7TW W ?T T7 TOKYO/KOBE/OSAKA S pore to USA (ALL PORTS) (LCL) ETD 13.11.88 S'pore to Auckland (LCL) ETD 5.11.88 S'por* to Antwerp (LCL) ETD 11.11.88 S'poro to Copenhagen (LCL)
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    • 754 31 <CFS> CRYSTAL FREIGHT SERVICES CRYSTAL" WEEKLY CONSOL SERVICES U.S.A. J LOS ANGELES 10/11/88 A AUSTRALIA MELBOURNE/SYDNEY 12/11/88 FAR EAST BUSAN 13/11 BANGKOK 8/11 HONG KONG 9/11 KEE/KAOH 7/11 CALL BOOKING MOTUNE FOR 221S I 2 2 TEL *****86 TELEX ***** CFSt \*a />im INTERNATIONAL PTE LTD WORKABLE TRANSHIPMENT/ DIRECT RATES
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    • 151 31 Tatsumi Marine DMECT BAHJNQ TO PAPUA NEW GUINEA (ACCEPTING BREAKBULK) Direct cat to other ports subject to inducement (also accepting transhipment cargo: OROBA Y. MADANG. KIETA. WEWAK KIMBE RABUAL via LAE) PTE. LTD i ri I "T"NI COMPANIA CnLINA DI i ffli NAVKCACION iMP DTTOOCEANICA IA (CHILEAN NATIONAL LINK) GREAT
      151 words
    • 305 31 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 IJjIRAQI LINE i«»C S'S'f TIM| Ti»aj»C«^ WEST BOUND SERVICE ETA S PORE LOADING Fo* MV ALKINDI 7/11 Aqatn. Baghdad THROUGH VLi to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AOABA t BACH DAD PEEFER SPACE AVAILABLE UPTO
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  • Page 32 Advertisements
    • 444 32 Iff Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines, TLX HS ***** RS ***** ft 1 \SI I R\ \k I |\l K. I I I) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! NOTE: ALSO CALLING OTHER JAPANESE FONTS, HONGKONG. TAIWAN CHINESE POUTS, SUBJECT INDUCEMENT IMLintermaritime
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    • 233 32 o COLUMBUS LINE REEDERE! GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMkCONTAHEF SERVICE TO <m i-mj: *'/_i nri.TWTTirj r jir.r7 (ASIA-SO COLUMBUS NIUGINI VIS TAYBANK VSS \.K ■jr l]y j;vi: Port Moresby, Lae, Orobay, Rabaul Port Moresby, Lae, Rabaul, Kimbe Accepting LCL cargo for main ports discharge and also to
      233 words
    • 164 32 w P.T. MASKAPAI PELAYAR rfTi PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA A THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****54/*****70 J.'.'Mi 1 .V VSL VOY SIN
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    • 519 32 /M CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR 36K753/*****1 04-*****2/4, (***** 07-*****8 07-*****3, *****5. *****0, *****1 02-*****22 '42m WEEKLY FAR EAST/EUROPE CONTAINER SERVICE &u i in i mi LOADING F*o» CO THEN BUtC. BREKRHAVEN, HAMURC. ROTTERDAM OTNER ORIGINS AARNUS. AMSTERDAM. ANTWERP, BASLE. BREMEN. COPENHAGEN.
      519 words