The Business Times, 22 November 1988

Total Pages: 32
1 32 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, NOVEMBER 22, 1988 75 CENTS
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  • 238 1 Reuter Footsi4 lower SHARE PRICES were irregular in the morning session on the London Stock Exchange yesterday in spite of a strong close in Tokyo and higher share prices on Wall Street. By midday, the Footsie index was down 0.7 point to 1,822.7. Investors were cautious ahead
    Reuter  -  238 words
  • 183 1 THE FOCUS was still on Tokyo as the market there rose to yet another record high for the seventh consecutive session yesterday. taking the Nikkei index closer to the 30,000-mark. The Nikkei Stock Average added 104.06 points to 29,284.26 on a turnover of 850
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  • 138 1 THE AMERICAN DOLLAR ended slightly easier in Tokyo yesterday against most currencies in a sluggish and featureless market. Sentiment for the dollar remained poor. Dealers said the Bank of Japan did not intervene. The dollar was boxed into a tight range after aggressive concerted central bank
    138 words
  • 357 1 AFP INDONESIA yesterday announced sweeping liberalisation measures, including the abolition of various import monopolies and the reopening of wholesaling and shipping industries to foreigners. Coordinating Minister for the Economy Radius Prawiro said in Jakarta that import restrictions on all plastic items, many steel products and
    AFP  -  357 words
  • 613 1  -  Shell to take over share By BRIAN GOMEZ THE SINGAPORE government has sold a 30 per cent equity stake in two major petrochemical companies to Shell International Chemical Company (SICC). The major government divestment programme was announced yesterday by Temasek Holdings (Pte)
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  • 468 1  -  By HERMAN PHUA SESDAO-LISTED Singatronics Ltd has beefed up its presence in the market for health-care products with yet another acquisition in the US costing US$B.24 million. The company announced yesterday that it had acquired a 27.2 per cent stake in Nasdaq-listed and Massachusetts-based
    468 words
  • 345 1 Reuter MALAYSIA'S central bank. Bank Negara. is controlling US dollar/ringgit swaps to stem local and foreign speculation, according to currency dealers in Kuala Lumpur. Bank Negara has since last Friday told banks in Malaysia to limit transactions in short-dat-ed swaps to Mss million
    Reuter  -  345 words
  • Page 1 Advertisements
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    • 8 1 Full report, PAGE 18 Rag mkts, PAQE 20
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    • 237 1 Editorial Comment: 12 A model in Lee Kim Tah Building loghouses 12 Harvard MBA graduate finds his million-dollar niche Reforging links 13 A boost for Gorbachev and Rajiv Australia A recession next year? Developing Lazarus Island: 2 Shangri-La Hotel, City Dev in the Go 14 running p| ace for Samson
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    • 173 1 Nikon The World s Finest Photographic System I Cost-savings brewing COMBINING the strength of Malaysia's two giant breweries can throw up coat savings which neither can achieve on its own. Guinness Malaysia and Malayan Breweries have opted for these savings rather than fight for increased market share. PAGE 12,17 Digital
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  • HOME NEWS
    • 409 2  -  Shangri-La Hotel, CityDev in the running By TONG SUIT CHEE TWO LISTED COMPANIES. Shan-gri-La Hotel Ltd and City Development Ltd, are vying for the tender to turn Lazarus Island into a tropical paradise. Shangri-La Hotel Ltd, operator of the world-renowned hotel at Orange Grove
      409 words
    • 392 2 THE BRITISH GOVERNMENT is expected to reap about $6.5 million from the sale of two of its prime properties in Singapore. Property sources estimate that the Queen Astrid Park property could fetch $2.5 million while the Swiss Club Road property
      392 words
    • 71 2 WITH REFERENCE to the BT story on Nov 19 headlined LKT wins Indian management contract'. it has been clarified that Lee Kim Tah Holdings has yet to win the contract to manage a $4 billion low-cost housing project in Bombay. Although the listed company has been described
      71 words
    • 463 2 EIGHTY foreign motoring journalists have been flying into town in group* of 15 to test a new car that will only be sold in Japan. Mazda Motor Corporation started flying in the Journalists, all from Japan, to test the Persona. Mazda picked Singapore
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    • 363 2 OPPOSITION non-constituency MP Francis Seow had his application to postpone trial on tax evasion charges thrown out of a district court yesterday. Seow, who faces six counts of dodging tax on income totalling some $74,000, wanted to postpone his trial for a
      363 words
    • 285 2 THE LORDS of the Judicial Committee of the Privy Council yesterday declared Workers' Party secretary-general JB Jeyaretnam innocent of criminal irregularities in handling party funds, and said the former MP had suffered a "grievous injustice". Giving its reasons for granting Mr Jeyaretnam's appeal
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    • 316 3 WEE LEONG HOW has been appointed assistant genersl manager, projects and business development, of Singapors Press Holdings Ltd. Mr Wee was formerly assistant general manager, personnel and administration, of The Straits Times Press (1975) Ltd. His new responsibilities will include seeking and vetting business development projects for
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    • 301 3 MADE-IN-SINGAPORE automated guided vehicles may be trundling across factory floors in Japan and other Asian countries before too long. Local engineering firm Material Handling Engineering (MHE) will start producing these vehicles soon, after a two-year product design and development project that cost $80,000.
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    • 109 3 TELECOMS has won a $1 million contract from the owners of the International Maritime Satellite Organisation (Inmarsat) satellite to help them control the use of its satellite services. The five-year contract was awarded at the Inmarsat Council meeting in July. Under the contract, Telecoms will
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    • 201 3 HOW MUCH do taxi drivers make? That is the central issue in the on-going argument of the six taxi operators against the move by the government to increase their diesel tax from $1,100 to $4,400 and to $6,600 next November. When the announcement of
      201 words
    • 528 3  -  By MARTIN SOONG HEAVY regional military orders clinched this year are expected to help double sales to $137 million for Bell Helicopter Asia, the regional sales and spares support subsidiary of US aerospace and defence conglomerate Textron. Mr Don Pantle, finance director for
      528 words
  • Page 2 Advertisements
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  • Page 2 Miscellaneous
    • 163 2 wsm //"H '"'O Beirut Belgrode Berlin Bermuda Bonn Brisbane Brussels Budapest Buenos Aires Cairo Calgary Canberra Corocos Chicago Cop*hogen Darwin Dublin Fronkfurt Geneva Havana Helsinki Hobort "OO^KOO^J Honolulu Islamabad Istanbul Jakarta Jerusalem Ja'burg Ki«« K Lumpur lima Lisbon London Los Angeles Madrid Manila Melbourne Mexico City Miami (°C) 19/11 Showers
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  • Page 3 Advertisements
    • 184 3 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day I I 6 I u J mWu r 8 i; i t > •V> 'i■ 2 'i» i >- *-k I s At Ming Court Hotel Kuala Lumpur 5-star luxury m 5 minutes from the heart of commerce entertainment m
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  • ASIA-PACIFIC
    • 601 4 Reuter AUSTRALIA COULD PLUNGE into a recession in the middle of next year if the government persists with tight monetary policy, economists and business leaders say. High interest rates and a strong Australian dollar in the past months have chilled
      Reuter  -  601 words
    • 198 4 AFP AUSTRALIA and Turkey were expected to sign an accord yesterday to boost bilateral trade which has more than doubled in the last three years, officials said. They said that Primary Industries and Energy Minister John Kerin was to sign the agreement in
      AFP  -  198 words
    • 394 4 Reuter THAILAND'S first elected Prime Minister in 12 years says his country has drifted closer to China since 1975 because it serves as a political counter-balance to Vietnam. Newsweek said on Sunday Mr Chatichai Choonhavan told the magazine in an interview that
      Reuter  -  394 words
    • 370 4 AFP THE SOVIET UNION has agreed to provide India with billions of roubles in trade credits under agreements signed at the end of President Mikhail Gorbachev s state visit to India. An Indian government spokesman said on Sunday in New Oelhj that
      AFP  -  370 words
    • 153 4 Reuter THE INDIAN GOVERNMENT has congratulated its long-time foe Pakistan for its democratic elections and said it looked forward to friendly relations with the new government. "We have always been keen on the establishment of friendly and goodneighbourly relations between India and Pakistan," an Indian
      Reuter  -  153 words
    • 296 4 Reuter ISRAEL'S coalition government, in a rare display of unity, urged countries on Sunday not to recognise a Palestinian state declared last week and called the Palestine Liberation Organisation (PLO) an obstacle to peace. Troops in the occupied West Bank shot dead
      Reuter  -  296 words
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  • Page 4 Miscellaneous
    • 71 4 Doonesbury 50UNP5 NEAT! HJHATPO we HAVE. TO DO, It? JUST UKE vou TO MAKE THE CASE FORMLPENCOLLE6E.TELLMHAT n MEANT TO VOU. m I s® /2S BY GARRY TRUDEAU YOU CAN PBSCHBB SPECIFIC EXPERIENCES OK MORE GENERAL FEELINGS. nIS ENTIRELY up to you. i just mm YOU TO FRBE-ASSOCJATE ON CAMW
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  • REST OF THE WORLD
    • 338 5 Reuter BRITAIN'S Conservative government plans to continue its policy of privatisation in the 1988-89 parliamentary session starting next week, and will revise company law to ease the regulatory burden on small businesses and reform mergers policy. The basic thrust of economic policy fighting inflation
      Reuter  -  338 words
    • 191 5 AFP ATHINA ONASSIS, the three-year-old daughter of Greek shipping heiress Christina Onassis who died last Saturday, is the sole inheritor of her mother's vast fortune. A lawyer for Ms Onassis, Stelios Papadimitriou, said in Athens on Sunday that as the only direct descendant of
      AFP  -  191 words
    • 935 5 ARRIVALS Operator Sorvic* number Local timo From MAS MH630 0920 KUL ACA AC888 0950 YY2/LHR/80M SIA SQ103 0950 KUL CAL CI 806 1000 CGK CPX CX710 1000 CGK G*A GA960 1100 CGK su SQ105 1105 KUL RBA BI421 1130 BWN QfA Qf72 1135 IKK SIA SQ201 1145
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    • 133 5 Reuter THE EUROPEAN COMMUNITY is resisting Washington's demand for a commitment to rewrite the rules of world farm trade and eventually abolish all subsidies. EC officials and farm experts say the key issue at a 105-coun-try Gatt Uruguay Round review meeting in December
      Reuter  -  133 words
    • 350 5 Reuter THE US government must soon raise taxes by up to US$2O billion to avoid further drops in the value of the dollar and higher interest rates, Wall Street economist Henry Kaufman says. "I believe that in the current fiscal year and
      Reuter  -  350 words
  • Page 5 Advertisements
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      203 words

  • COMMODITIES
    • 508 6 Reuter INDONESIA has started a mul-ti-billion dollar petrochemical industrial programme fuelled by its oil wealth. President Suharto opened 11 petrochemical plants on Saturday, declaring that "as much as possible we will process our natural resources in our own country". "In developing our economy, the petrochemical
      Reuter  -  508 words
    • 154 6 Reuter NORWAY'S state oil firm Den Norske Stats Oljeselskap (Statoil) said on Sunday the police would investigate an oil industry espionage ring uncovered by Statoil earlier this year. Statoil spokesman Ole Aga said the company had so far found between 10 and 20 firms
      Reuter  -  154 words
    • 52 6 MALAYSIA and Thailand have agreed to share the new five-year executive directorship of the International Natural Rubber Organisation (Inro). The two countries reached the compromise during informal talks in Bangkok last week between Malaysian Minister of Primary Industries Lim Keng Yaik and Thai Deputy Agriculture Minister Charoen
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    • 158 6 AFP HONGKONG is the world's second largest platinum coin market after Japan, according to a Londonoased bullion concern. The growing popularity of the commodity in the British colony could be attributed to local ethnic Chinese's traditional liking for precious metals while patinum's price volatility
      AFP  -  158 words
    • 557 6 Reuter OPEC MINISTERS are resigned to a long and difficult haul in efforts to break a deadlock between Iran and Iraq over a new oil output pact needed if Opec is to avoid a threatened crash in prices.
      Reuter  -  557 words
    • 138 6 UPI WORLD sugar production this marketing year is forecast at 106.9 million tonnes, the US Agriculture Department said last week, shaving 200,000 tonnes off its earlier estimate. The forecast was lowered because of smaller crops in China and Eastern Europe, but good weather in other regions nearly
      UPI  -  138 words
    • 282 6 MALAYSIAN crude palm oil futures closed slightly higher despite some late speculative selling following India's rejection of offers of RBO olein and neutralised palm oil (npo) yesterday. Friday's easier Chicago soyoil failed to dampen sentiment as the market opened higher on tome buying demand following talk of a
      282 words
    • 197 6 Chinese Produce New drum 173.00 Exchange 2nd hand drums Bulk 167.00 158.00 Sellers' noon doling prlcti on Local in bulk 155.00 Nov 21 (SS/100 kg) Copra (m$/ 100kg) No 1 (estate) Coconut oil 114.00 93.00 Bulk FOB No 2 (smaMholders) 88.00 Old drum FOB 124.00 New drum FOB
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    • 181 6 Reuter. JAPANESE investors should become more enthusiastic about precious metal coins, thanks to the country's new tax system, industry sources said Under new laws expected to take effect on April 1 next year, the government will abolish the 15 per cent tax on a single
      Reuter.  -  181 words
    • 147 6 Source: Telerate Fuel oil prices were sta-ble-to-softish in the Singapore market on relatively light trade yesterday. Players cited the number of Arab Gulf cargoes headed East as the primary cause for this bearishness. But indications for Dec CST-180 are now around US$6O per tonne (fob/cif Sing).
      Source: Telerate  -  147 words
    • 194 6 THE sharp rise of the rlnggtt against the US dollar and sterling halpad weaken Mia Kuala Lumpur tin price by 19 cents to MII9JO par tonne In Df twf y#si«raay. Hsavy offers of 131 tonnes at the opening pushed the price down but bids ware noted for only
      194 words
    • 338 6 HONGKONG: Gold closed slightly firmer in quiet trade with some short-covering by local investors evident late in the afternoon session yesterday. Bullion ended at U*****.70/417.20 an ounce against the U*****.30/416.80 local open and compared with New York's US$4l6 50/417 00 close. On the local market gold fell HK$2
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    • 326 6 SINGAPORE: Rubber prices were little changed in the afternoon from the morning's slightly higher levels in thin trading yesterday. December RSS One buyer was quoted at 186.50 cents a kg, up two cents from Friday. TSR-20 prices closed slightly higher but trading was thin. December buyer was quoted at
      326 words
    • 305 6 RAS prices In S CMMg, FOB In balm B NOON CLOSE ftuy*rs Sellers Buyers S*lers Inf 1 RSS Prompt 184.00 185.00N 185.00 186.00N bit 1 RSS Doc 88 185 JO 186 JON 186 JO 187 JON Int 1 RSS Jon 188.00 189.00N 189.00 190.00N bit 2 RSS
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    • 81 6 (canta/kg) MCEMMR 1988 JANUARY 1988 (currant month) (forward month) NOON NOON RAS Iwyan Sifcn ■vyvn S««*n SS8 20 176.50 178J0N 176 JO 178 JON SSR 50 174 JO 176.50N 174JO 176 JON MRELB luyari S*«»n lvy«n Saltan SmR cv 288.50 290 JON 290JO 292J0N SM* I 281-50
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  • Page 7 Advertisements
    • 113 7 i L We've shipped 3 million PS/2s. And we'd like to include you in our 4th million. So for a limited time, we're giving special discounts and offering generous trade-ins on any IBM PC you have. Here's how it works: For example: You buy a PS/2 Model 30 286 (F2l)
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  • MONEY AND EXCHANGES
    • 767 8 Hongkong Bank SINGAPORE: The market took a breather yesterday after the recent volatility, as trading ground to a listless range of D-marks 1.7385/1.7340, yen 122.60/122.40, sterling 1.8160/1.8130 and 551.9493/1.9482. The US dollar closed at DM 1.7370/ yen 122.55/ sterling 1.8145/ 551.9485. Despite last week's co-ordi-nated intervention and a
      Hongkong Bank  -  767 words
    • 223 8 Interbank rates at 3pm yesterday: CumwlM 0#TE* eraMperi* Local dollars to o ne unit of foreign currency: US dollar 1.9480 1.9490 2.8196 -30.91 Starling pound 3.5317 3.5354 7.3469 -51.93 Australian dollar 1.6616 1.6644 3.4286 -51-54 NZ dollar 1.2545 1.2571 3.4286 -63.41 Canodlan dollar 1.6006 1.6080 3.4206 -53.21 Local
      223 words
    • 298 8 ASIAN DOLLAR deposit rates closed at opening levels after quiet trading yesterday. The market will be looking to this week's release of US October economic data, including the consumer price index, real earnings and durable goods orders, dealers said. Short-dates were steady to firmer at the outset,
      298 words
    • Article, Illustration
      451 8 BA Futures MARCH Eurodollar futures opened one tick lower on Simex yesterday than last Friday's closing at 91.00 following a sharp increase in crude oil prices. Trading was listless. The March contract traded within a narrow range from 91.01 to 90.99 before settling unchanged at 91.01. Currency futures opened
      BA Futures  -  451 words
    • 103 8 Reuter AUSTRALIA'S inflation rate is being pushed up because too many businesses are not dropping prices in response to the stronger Australian dollar, according to Treasurer Paul Keating yesterday. "When the dollar appreciates. imports get cheaper they should be passed on in prices so that we
      Reuter  -  103 words
    • 116 8 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MO OFFER HKX LOW 3 months BQ*****F 16.02.89 3.80 3.75 3.84 3.74 6 months BY*****Z 23.03.89 3.83 3.78 3.85 3.80 1 yoor BY*****S 20.07.89 4.29 4.24 4.35 4.25 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing
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    • 1454 8 CURRENCY FUTURES OPTIONS Monday, Nc ►v 21, 1988 DEUTSCHE MARK (SIMEX) Ow Mg* M MN* Low Oaa Dae Mgd M pu* Law 0a0 52 CAS S3 CAS 54 3704 375 CAS 55 2704 275 2 56 1774 141 9A 7 57 102 29 24 29 54 45 59 It
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    • 66 8 THE OVERNIGHT rat* on the Singapore money market fell 3/4 point to cloee lower at 4-1/4 per cent yesterday. Short-term rate* fell 1/16 point across the board. S$ If *t#rt>onk rotfi at tt* dos* y*st»rday: OwwOW» K> 4 1/4 4 1 mmrtt k 4 5/1 4 1/2 2
      66 words
  • Page 8 Advertisements
    • 205 8 JTT -a takes a special quality to create t/|| real career success a quality that you have in abundance. Determination. iwlr/y /w helped you through those years of fW/r tVtsll study, the interminable wait for exam results and the disciplines of jobreally hard h j~ d fi to build a
      205 words

  • BANKING AND FINANCE
    • 682 9  -  Vmm ■mML by PAUL FRANKLAND PEOPLE usually become interested in something if it hits them in the pocket. That's why motor insurance premiums are always news in Singapore. Singaporean motorists must have some form of motor insurance since third-party injury cover is
      682 words
    • 192 9 IMM currency futures ended the day lower on Friday but above the session's worst levels. Prices recouped a large portion of their earliest losses by the end of the day in the absence of repeated central bank intervention. Traders said the Federal Reserve continued to call and check on
      192 words
    • 168 9 Interbank market rates (offer/bid) on Nov 21 us$ DM SWFC Yen 7 doyi 8 9/16 7/16 1 m* 9/16 7/16 3 m* 9 1/1-9 6 >«* 9 1/1-9 12 9 1/4 11 13/16 11/16 11 15/16 13/16 12 1/4 1/8 12 1/4 1/8 12 1/4— 1/8 4
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    • 330 9 Reuter NEW ZEALAND Reserve Bank governor Don Brash is concerned that benchmark five-year bond interest rates have remained relatively unchanged while mortgage interest rates have fallen. According to Mr Brash, this reflects the fact that the government and stateowned enterprises are still
      Reuter  -  330 words
    • 310 9 GLOBAL Finance Consulting (GFC), a Brussels-based international financial consultancy group, plans to conduct one of its financial seminars here early next year. The group, which provides both public and in-house consultancy services, intends to conduct a two-day course here for executives from financial
      310 words
    • 312 9 Reuter REAL ESTATE LOANS and lending for leveraged buyouts will be the next problem areas should there be a recession, according to First Union Corp chairman Edward Crutchfield and NCNB Corp chairman Hugh McColl in separate interviews in New York last week. While most
      Reuter  -  312 words
    • 265 9 Reuter MORE THAN 100 Arab bankers met in Abu Dhabi over the weekend to discuss ways to counter what they say is the dominance of Western banks. "We are living in a world where banking blocs dominate the scene and where small banks cannot survive,"
      Reuter  -  265 words
    • 125 9 Reuter CHINA, investigating its foreign debt that now totals US$4O billion, will not permit new organisations to borrow abroad. The Financial News quoted Ling Zeti, deputy director of the State Administration of Exchange Control, as saying that China will not permit new "windows" for foreign
      Reuter  -  125 words
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  • TECHNOLOGY
    • 716 10  - Networking key to DEC's success By GENEVIEVE CUA DIGITAL Equipment Corporation's (DEC) 11-year-old philosophy of using a single computing design or architecture for easy growth and networking remains a powerful selling tool among Singapore companies. For instance, the Singapore delegation of 17 companies, which trekked to Cannes for DEC'S annual
      716 words
    • 375 10 AP JAPANESE COMPANIES are poised to erode the United States' lead in the biotechnology race, partly by introducing biotech lipsticks, wines, detergents and other products that help build grassroots support for the field, according to a panel of industry experts. "The
      AP  -  375 words
    • 274 10 AP COMDEX, the annual barometer of the economic health of the computer industry, was held last week with the promoter of the event pronouncing the patient in good condition. An estimated 100,000 people attended this year's show, which closed last Friday. Demand
      AP  -  274 words
    • 765 10 B JT PC-COMPATIBLE. That is probably the single most important feature a PC buyer looks out for when shopping for a machine. Manufacturers and salesmen may go on and on about the memory of their machine, or speed, or some super feature not found in
      JT  -  765 words
    • 102 10 COMPUTER WRITERS have selected two Compaq personal computers for the "Computer of the Year" award. The annual competition was hosted by Chip Magazine with a panel of judges from publications such as Personal Computing, Practical Computing. Chip, Chip-Micros, Komputer, Impulzus, Svjet Kompjutera, Ascii-Magazine and Soft et
      102 words
    • 156 10 THE NOBEL PRIZE winner for identifying the family of viruses from which Aids comes is in Singapore under the Lee Kuan Yew Distinguished Visitor programme. Dr David Baltimore, who will be in the Republic till Nov 29, will speak on "Aids: A biological
      156 words
    • 169 10 UPI VICTOR Co of Japan, a major audio-visual equipment maker, announced recently the development of micro thin, high density 3.5-inch hard disk drives featuring high speed, low power consumption and large memory capacities of 20 and 40 Megabytes. The Tokyo-based company said
      UPI  -  169 words
    • 177 10 JAPANESE computer maker NEC has developed a "neuro engine board" that fits into PCs to make them work like the human brain, though much, much slower. The board and software enable the PC to recognise both characters and human voice while the computer processes data in the
      177 words
  • Page 10 Advertisements
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  • FOCUS
    • 1535 11 Canada disagreeing on an agreement As Canadians voted in what was considered the most rancorous general election in their history yesterday, opinion polls showed they remained divided over a proposed free-trade accord with the US. This page looks at this division and the three men who aspire to be the
      NYT  -  1,535 words
    • 472 11 AP UNDER CANADA'S parliamentary system, voters would have chosen a member of Parliament from their district, but would not have voted directly for a party leader. Three men stand as symbols of their parties and aspire to stay on as or be the
      AP  -  472 words
  • Page 11 Advertisements

  • PERSPECTIVE
    • 544 12 THE NEWS THAT Lee Kim Tah is close to bagging a major management contract in Bombay bodes well for the publicly-listed company and the local construction industry. Managing the construction of 400,000 units of flats is a feat few companies can lay claim to. When the construction
      544 words
    • 1408 12  -  Malaysia's two giant breweries are both profitable operations. The combined might of Guinness Malaysia and Malayan Breweries, however, will throw up substantial cost savings which neither company can achieve on its own. FOO CHOY PENG examines the rationale for the proposed merger. FOO
      1,408 words
    • 441 12  -  NENA BAKER reports on the building of log homes by Harvard MBA graduate NENA BAKER UPI AS A KID growing up in Indiana. Ken Thuerbach never played with lincoln logs. As a graduate student at the Harvard School of Business during the *****,
      UPI  -  441 words
    • REGIONAL VIEWPOINTS
      • 302 13 INDIA "THE INVOLVEMENT of India in quelling the abortive coup in the Maldives provides further evidence of its intention to be an assertive force in the South Asian region. Twice in as many years now India has committed troops to action on
        302 words
      • 176 13 Banking effective supervision needed INDONESIA "THE BANKING SITUATION, after undergoing some light tremors over the last 10 days, seems to have become normal again. The interbank market rate, for example has fallen from as high as 31 per cent to an average 17 per cent last weekend "Thorough reading of
        176 words
      • 248 13 HONGKONG "HONGKONG'S reputation as an electronics exporter is being tested with accusations that some local companies are dumping colour television sets on the European market. Dumping under-cutting the prices of manufactured goods in importing countries is a serious allegation and cannot
        248 words
      • 209 13 PAKISTAN "THE PAKISTANI PEOPLE have taken their stance. They want a change after being ruled by the military for half of the 41 years of an independent Pakistan, including 11 years under President Zia ul-Haq. "In the election on Nov 17, the Pakistani people voted for
        209 words
      • 267 13 CHINA "CHINESE PREMIER Mr Li Peng's visit to Bangkok last week on his first official overseas tour as the head of the State Council is indicative of the importance Beijing attaches to relations with Thailand and other members of the Association of South-east Asian
        267 words
      • 271 13 ISRAEL TWO WEEKS AGO. Israel went to the polls and the results clearly illustrate a country sharply divided over the approaches to the governance of the country; one half lost in the vapours of religious history, trusting force and fear to secure their way, the other half
        271 words
    • 742 13  -  Soviet President Mikhail Gorbachev and Indian Prime Minister Rajiv Gandhi reforged their links last week. The India visit brought visible rewards for both sides. HUGH PAIN takes a look at what both sides gained. HUGH PAIN Reuter KREMLIN LEADER Mikhail Gorbachev will meet the new
      Reuter  -  742 words
  • Page 12 Advertisements
    • 130 12 'Wmr^ BLAUPUNKT BOSCH Group It's a small point. But it makes a world of difference. VVe leave it to you whether you are partial to its sound or to its traffic messages in any case, the Toronto SQR 18 makes a distinct contribution towards relaxation. Reception is strong even when
      130 words
    • 62 12 More profound than words... A diamond is forever. ta i l PETER LAI JEWELLERY »'f 'Ac I Deep/v treasured, forever admired (Member of Diamond Exchange o> Smgapore IS PETER LAI JEWELLERY PTE LTD •#O2-06/87 Lucky Plaa *#02-49 to 52 Wtsma Atria Thrs estab*ishm#ni is r #cogna#o and ■oySj recommended by
      62 words
  • Page 12 Miscellaneous

  • Page 13 Advertisements
    • 140 13 THE REGENT OF SINGAPORE. WHERE THE PAVILION USED TO BE BEFORE. p Qr a j on g t i rrie something has been missing from Singapore. A Regent. Now, with the Regent of Singapore, this situation has come to an end. Formerly called the Pavilion Intercontinental, the Regent of Singapore
      140 words

  • LEISURE
    • 488 14 ART Reuter THE FRENCH GOVERNMENT'S determination to protect French art treasures sent prices soaring at an auction of Surrealist pictures and sculptures last Sunday. The state buying spree also pushed up bids from private buyers rushing in for their share of the action. "The fact that the
      Reuter  -  488 words
    • 750 15 PRESERVATION Reuter "OH VENICE. Venice. When thy marble walls are level with the waters there shall be aery of nations o'er thy sunken halls, a loud lament along the sweeping sea." THE APOCALYPTIC DAY of deluge which Lord Byron feared when he wrote his Ode on
      Reuter  -  750 words
  • Page 14 Advertisements
    • 732 14 Entic Bf Dl OTVyIC Imagine... the cosiest business lunch 1_) complete with fashion show at only $19! co«TiiieiiT»i kiiihiii Every Tuesday noon at Blooms Continental Restaurant, help yourself to a lavish spread of appetisers and desserts, soup of the day and choose your entree from 14 delicious choices. Including a
      732 words
    • 275 14 Splendide! Over 60 gorgeous French dishes to feast on. The Belvedere is alive with French flavours this November. Do it the French Way. Be sure to go through our delicious hors d'oeuvre selection. And for hot dishes, our chefs advise hot French Onion Soup to begin with. Then go on
      275 words

  • Page 15 Advertisements
    • 211 15 y Stuffed Breast of Veal. November 1 30 The specialty of the month at the Hubertus Grill this November is Stuffed Breast of Veal. Tender, mik-fed veal is filled wtth a delicate, herb-seasoned stuffing that complements and enhances the flavour of the meat. This tasty offering is served wtth buttered
      211 words
    • 45 15 r tS t*euSHEo 9i> FULLY MATURE 0 m* QUALITY GUARANTEED m vol FINEST SCOTCH WHISKY BLENDED BOTTLED BV {/royr (AoS/a/Urns&ofort, %u/u/ed (fia/i/lerA —£Dt/m/x?r/ott. (?&of/and PRODUCT OF SCOTLAND D) BITOT OIM ALIKO WALKER DISTRIBUTORS SON BMO SO JALA* PfNCHAIA. KULNG. JATA MALATSIA i THE SUPERB SCOTCH
      45 words
  • Page 15 Miscellaneous
    • 598 15 CRYPTIC PUZZLE ACROSS It's hard work sorting waste (5) Turn plenty out. making a bloomer (5) Search and rob a flier, maybe (5) A tar different service (3) See a role plain (5) He's crazy about a wild fern (7) Worsts! (5) Weary hearted listener (3) Chap doing wrong out
      598 words
    • 1195 15 CULTURAL MOMENTS I) Tha Ballerinas (Last aptooda); N) World Philhannonlc Orchaatra: Concart Mualc And Paaca 1987 9.30pm, Chaimal 12 Carla Fracco (abova right) is the principal dancer in The Ballerinas which features such well known classics as Sleeping Beauty, Esmeralda, Les Sylphides and La Farrucha. In World Philharmonic Orchestra, the
      1,195 words

  • SPORTS
    • 434 16  -  By WALTON MORAIS GOLFING OFFICIALDOM reacted with one voice to a controversial suggestion that amateur Samson Gimson be considered for the Singapore team in next year's million-dollar Dunhill Cup golf competition. They think the question doesn't arise. "I don't think it's right for
      434 words
    • 217 16 UPI WITH ONLY one more major tournament left this season, veteran Japanese pro Masashi "Jumbo'' Ozaki, winner of six titles, was yesterday credited with a total of U*****,400 to lead money, rankings on the Japan PGA Tour. His younger brother Naomichi Ozaki, winner of three
      UPI  -  217 words
    • 482 16 AP AFTER SPENDING two years in Steffi Graf's shadow, Gabriela Sabatini grabbed the spotlight in women's tennis on Sunday. The 18-year-old Argentine won her first major singles title with a 7-5, 6-2, 6-2 victory over Pam Shriver at the Virginia Slims Championships in New
      AP  -  482 words
    • 246 16 AP LEE ELDER, one year after a serious heart attack threatened his future as a professional golfer, shot a final round of 6-under-par 65 on Sunday to win the US$3OO,OOO Senior PGA Tour event at the Links of Key Biscayne. Elder s victory, his
      AP  -  246 words
    • 370 16 AP THE WEST INDIES cruised to a crushing nine-wicket victory over Australia on Monday, the fourth day of the first cricket Test at the Gabba Ground in Brisbane. Set a paltry second innings target of 63 to win, the tourists reached the
      AP  -  370 words
    • 308 16 UPI JOHN McENROE on Sunday captured his second tournament since his 1966 sabbatical, fighting off local favourite Aaron Krickstein 7-5, 6-2 in the final of the U*****,000 Little Caesars Championship in Detroit. McEnroe's other victory since his six-month break came in a tournament in Tokyo in
      UPI  -  308 words
    • 155 16 AFP ALEX WATSON, the Australian pentathlete chased from the Seoul Olympics for drug abuse, has won the first round in his battle to clear his name. Watson convinced the International Modern Pentathlon and Biathlon Union (UIPB) at its congress in
      AFP  -  155 words
    • 182 16 AP PROMOTER Bill Mordey on Sunday unveiled plans that could take Australian boxer Jeff Fenech to a fourth world title and a million-dollar meeting with Barry McGuigan of Northern Ireland. Mordey said he had made a "million dollars plus" offer to McGuigan, the former
      AP  -  182 words
  • Page 16 Miscellaneous
    • 95 16 Play golf the Sevvy way Around the green lj fttar BivitMi m ftrcy Main ON SHORT SHOTS FROM OFF THE GREEN.LET THE LOFT OF THEaUB 6ET THE BALL IN THE AIR J ...THE RESULT IS VERr OFTEN A THINNED SHOT. OR THE CLUBHEAD HITS THE GROUND BEFORE THE BALL/ he
      95 words

  • COMPANIES & STOCK MARKETS
    • 396 17  -  By FOO CHOY PENG MALAYAN BREWERIES (Malaya) which is to merge with Guinness Malaysia Bhd is expected to sell the land on which its Sungei Besi brewery stands. The land could be sold either in the near future or when the operations
      396 words
    • 232 17 HOTEL PROPERTIES Ltd (HPL) is negotiating a term loan of $136.8 million to part finance its proposed acquisition of Hotel Meridien Singapore in Orchard which costs $180.2 million. The balance of $43.4 million will come from its existing bank facilities. In order
      232 words
    • 360 17 NST. KUALA LUMPUR stockbroking firm Rashid Hussain Securities (RHS) has insured its founding shareholders Abdul Rashid Hussain and Chua Ma Yu for a total of Mslo million as part of the public flotation of its parent company, Rashid Hussain Bhd (RHB). RHS
      NST.  -  360 words
    • 627 17 Current Ex dale Boofca ctoee if Total tor Vie rear Total tor laat year A Enterprises A 1 S B AMDS IMT Botv Kowon Boosted d Cerebos FAI Ins Federol Flour Fujltec Gentlngs George Kant Gleneoly H Leong Irvd Harrisons Msla HK Lond Hum* M IGB Corpn Inchcape
      627 words
    • 476 17  -  By ROSIE TAN FOOD-BASED OAF Ltd is putting together a $30 million financing package to rationalise the existing assorted funding arrangements of the group. The loan facility, expected to be finalised at the end of this month, would be in the form of
      476 words
    • 601 17  -  By ANDREA BORCH UNITED INDUSTRIAL Corporation Ltd (UIC) and a Hongkong party have joined forces to take over the Inchcape House complex in Alexandra Road from Inchcape Bhd for $100 million. The acquisition is effected through the two buyers' whollyowned
      601 words
    • 175 17 GENERAL SECURITIES Investments Ltd. the listed closed-end investment trust backed by the DBS Bank, has made an interim payment of $5 million to the Inland Revenue Department in respect of taxable gains from 1978 to 1987. In order for shareholders to benefit from
      175 words
    • 208 17 Bernama. THE NEW STRAITS Times Press (NSTP) Bhd expects slightly better results in the current financial year as its advertising revenues has improved due to the economic recovery. NST chief executive Datuk Mohamed Desa Pachi said after a closed-door extraordinary general meeting in Kuala
      Bernama.  -  208 words
    • SES
      • 1093 18  -  *r KEVIN GWEE WEAKENED by the recent decline of the US dollar and the uncertainty on Wall Street, the Singapore stock market failed to be stimulated by the recordbreaking Tokyo market yesterday and Friday s gain on Wall Street. Share prices closed mostly
        1,093 words
      • 123 18 HONG LEONG INDUSTRIES BERHAO: 25th AGM in Conference Room, 14th Floor, Bangunan Hong Leong, 117, Jalan Bandar, ***** Kuala Lumpur today (Nov 22) at 11.30 am. FIRST ALLIED CORPORATION BERHAD: 22nd AGM at Ming l&ll, Ist Floor, Ming Court Hotel. Jalan Ampang. Kuala Lumpur on Tuesday Nov 22
        123 words
      • 48 18 Company RIGHTS ISSUE Spore lond On* 2% unwcur*d loon stock with detocho bl* warrants for *v*ry ordinary shore hi »td Eoch $3 nominal volu* loon Stock w iH be ollotod on* warront convert! bi* onytim* within fiv* y*ors Ex-dot* s No* 26 Books dot* Doc 6
        48 words
      • 292 18 Company RIGHTS ISSUE C 1 Holdings 27 million loon stocks in th* ratio of $3 loon stock (or *v*ry fir* ordinary shor*s h*ld 0 C Bonk On*-for-two $0 75 p*r shor* Duta Cons On* for-on* $1.10 p*r shor* F A C B On*-for-on* $0 60 p*' shar* General
        292 words
    • 5395 18 IMS Mgh Low Tel Cods Company Laat Sale NOV 21 ocQfe Dtv Dtv Cw Or** YTd Net Vol P/E fOOO) Day Mgh Low Laal < Buyer M Cap ImH SECTION ONE INDUSTRIAL ft COMMERCIAL 141 86 218 167 136 480 200 360 129 167 177 297 50%
      5,395 words
    • KLSE
      • 3295 19 NST CONFIDENCE remained lacking at the Kuala Lumpur stock market yesterday as sellers dominated trading and share prices were driven to lower levels. As investors continued to shy away, share prices drifted lower under light selling. Confidence was at such a low ebb that inspiring figures
        NST  -  3,295 words
    • REGIONAL MARKETS
      • 922 20 FT THE TOKYO stock market has marked the election of George Bush to the White House by soaring to record levels. The Nikkei index shot pass the 29,000-level to close at 29,284.26. However, Japanese brokers were in no mood to celebrate the event with
        FT; Source: Financial Times  -  922 words
      • 567 20 Tokyo Reuter TOKYO SHARE prices spurted up just before the close on futures-relsted buying yeeterday to reach their seventh straight record cloee, after shedding morning gains earlier in the afternoon, brokers said. "We saw a small decline on Nov 10 and the market has been going up
        Reuter  -  567 words
      • 453 20 Australia Reuter THE AUSTRALIAN share market cloeed weaker in thin trade yesterday as an overnight easing in metal prices offset a positive lead from Wall Street, dealers said. One broker said there was continuing concern about interest rates and scepticism about the ability of the new US
        Reuter  -  453 words
      • 1350 20 Hongkong HONGKONG STOCKS were little changed efter a day of dull and direct iontees trading yesterday. The Hang Seng Index ended 0.71 higher at 2,581.87, while the broad-er-based Hong Kong Index was down 0.41 at 1,702.53. Turnover was HK5666.53 million, down from Friday's HK8675.3 million. The market
        1,350 words
      • 134 20 Reuter SEOUL SHARE prices breached the 780-point mark and hit a record high for the second consecutive session yesterday, brokers said. The composite index cloeed at 785.41, up 6.33 points from half-day trading on Saturday. Turnover amounted to 300.8 billion won compared with Saturday's 198.5 billion. Advances
        Reuter  -  134 words
      • 113 20 Reuter SHARES cloeed mixed on the Bombay stock exchange in quiet trading yesterday, brokers said. Higher margins on the sale and purchase of 32 leading shares affected sentiment and led to profit-taking, brokers said. In textiles. Century lost 15 rupees to 1,480, Reliance one to 173.50 and
        Reuter  -  113 words
      • 192 20 Reuter THE NEW ZEALAND share market yesterday continued from where it left on Friday, falling sharply in moderate volume to an eight-month low. The Barclays index fell 34.09 to 1.875.40 its lowest point since March 15. Brokers see little reason for a resurgence, especially with local buyers
        Reuter  -  192 words
      • 94 20 Reuter MANILA share prices closed mixed in listless trading yesterday that left many issues untraded and volumes lower than usual levels, dealers said. The Manila stock exchange composite index fell 1.19 points to 718.35 "Overall, the movement has been sideways. Volume has not been big and
        Reuter  -  94 words
      • 146 20 Reuter THE SECURITIES Exchange of Thailand Index (all 2.45 points yesterday to 412.70 on turnover of 3,879,078 shares worth 288.33 million baht. MOV SI MKT Ao Kham Thai Ayudhya InmaliinK Bangkok Agro-tnd Bangkok Bank Bank Of Ayudhya. Charoong That Vftra A CaMa 370 400 107 2B1
        Reuter  -  146 words
      • 297 20 MOV XI UTS rtw Nan Bank Icbc 772.00 570.00 -43 6 lat Sac Fund. All Sincara Indua CaBtay Construe Camay LNa Ins Chan*Shtn Rubber... 400 90 11.96 moo 142.00 1406 00 ***** 06.90 32 1.06 0.9 1B 46 -32 unch 36 1 2.6 unch KoNn Kuochan Oavaiop Kwang Hua
        297 words
    • INTERNATIONAL COMPANY NEWS
      • 621 21 Reuter UK EQUITIES are seen holding around current levels this week but much will depend on the trend of the US dollar and Wall Street, dealers said. "I don't think this market is going anywhere at the moment with the dollar
        Reuter  -  621 words
      • 487 21 Financial Times T C' COOMBS, the London securities firm under threat of being closed and de-authorised by the Securities Association, has become the subject of an investigation by Canadian regulators into suspected share price manipulation. The investigation by the Alberta Securities Commission and
        Financial Times  -  487 words
      • 693 21 Bidding for tobacco giant hotting up Reuter RJR NABISCO Inc's board has reopened its auction for the tobacco and food giant on the promise that a new group could push bidding for the company to US$25 billion or more. RJR's board on Sunday unsealed higher bids
        Reuter  -  693 words
      • 346 21 Reuter JAPANESE INDUSTRIAL giant C. Itoh and Co plans to set up a joint venture for paper processing in Jordan. Mr Iwao Endoh, the firm's general manager for the Middle and Near East, said in Amman yesterday that he expected
        Reuter  -  346 words
      • 152 21 AFP. BRITAIN'S Rolls-Royce Motor Company wants Australia's Federal Court to prevent an Australian company from producing cars it says look too much like the prestigious "Rollers Rolls-Royce representatives told an Adelaide court on Monday that the Glammer car. based on Australian-made Holden Premiers, was too close
        AFP.  -  152 words
      • 710 21 Reuter MILAN: Italian shares opened weaker in thin volume yesterday, weighed down by fears of renewed tension on currency markets sparked by the dollar's recent slide, dealers said. The MIB share index, which gained 0.67 per cent on Friday, was down 1.2 per cent at 1000 GMT.
        Reuter  -  710 words
      • 99 21 Reuter GLAXO HOLDINGS pic has agreed to form a US$lO million joint venture with two Chinese state agencies to produce medical products in China s south-west-ern city of Chongqing. Wholly-owned subsidiary Glaxo China Enterprises Ltd will have a 50 per cent interest and Chinese interests will
        Reuter  -  99 words
      • 179 21 AFP PECHINEY, the French state-owned aluminum producer, has acquired the US group American National Can, the world s largest packaging group, for about US$l billion, informed sources have said. The acquisition of American National Can, a group with sales of 25.6 billion
        AFP  -  179 words
  • Page 17 Advertisements
    • 8 17 What prompted marriage of two rtvala, PAGE 12
      8 words
    • 128 17 CURRENCY INVESTMENT AMI Rl( M'Kl ssltWK TEL: 321 3333 i feSd? Now, Share Financing from Citibank gives you a real option: To keep your shares and turn them into cash without the fuss and cost you'll encounter with other banks. Citibank's Share Financing will put more cash in your hands
      128 words
  • Page 17 Miscellaneous
    • 25 17 A^r// MZ/r/A/6 '77/£ $7&&/' /'AT WWA/6 A 4/sorAr /A/ A£&/-r/=ZVS7%St/.. &> by Martell //ZAAXTA IV/4& A A4P 6&ip wo 7& //oMA//ry- /'terror 77/S r/7Z^/l£&r/t£>t/.. £>&v'rr£U- Af£jz
      25 words



  • Page 20 Advertisements
    • 525 20 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF CATHAY ORGANISATION ENTERPRISES PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap 50, that a Final Meeting of the Members of
      525 words
    • 419 20 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF GREEN GREEN TEXTILES A GARMENT PTE LTD (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of Green Green Textiles Garment Pte LTd duly convened and held at Block 185, Toa Payoh Central, #01-322,
      419 words
    • 58 20 Chart Point every Saturday GLOBAL CITY GLOBAL BUSINESS Give us your thoughts and win a management course in USA, Switzerland or Australia. Send your entry in not more than 1,500 words to: BT/DHL Businessman of the Ysar Working Committee do DHL International (Singapore) Pte Ltd 232 Taqjong Rhu Road, #03-00
      58 words

  • Page 21 Advertisements
    • 301 21 Since 1735 there has never been A QUARTZ BLANCPAIN WATCH. And there never will be. r > S T Vt i L -V 1 v Faithful to the traditional art of watchmaking, each watch is still assembled, polished and finished by hand by the individual watchmaker. In all, only four
      301 words

  • 620 22  -  This year's figure may reach $165b By ANNA TEO LED BY NON-OIL domestic exports, Singapore's total trade surged further to a record $15.7 billion in October. Strong growth in both exports and imports contributed to the October high, which brought total trade for the first
    620 words
  • 233 22 UPI VIETNAM is prepared to negotiate with China to fix a deadline for pulling its troops out of Cambodia, but Beijing has so far refused to talk, said Vietnamese Foreign Minister Nguyen Co Thach. "We are of the view that there
    UPI  -  233 words
  • 290 22 HOTELIERS, restaurant operators, insurance and real estate agents shared a similar sentiment in September they were the most bullish about business prospects for the services sector over the next six months. The year-end festivities are the cause for cheer for restaurants
    290 words
  • 372 22 UPI JAPAN'S electronics industry, claiming that market access for US computer chip manufacturers has improved substantially, appealed to the US government yesterday to lift US$l65 million sanctions against Japanese imports. "There has been a gradual and steady improvement in US access to
    UPI  -  372 words
  • 239 22 Reuter, AFP FIJI plans to give indigenous Fijians at least 30 per cent control of the country's business and commerce, dominated by ethnic Indians and foreigners, by the year 2000. The plan, presented at a meeting of Fiji's high chiefs yesterday in Suva, calls for
    Reuter,; AFP  -  239 words
  • 49 22 AP LOCAL OFFICIALS shielding pet projects from a current nationwide clampdown on capital construction are frustrating China's attempts to reassert control over the economy, official reports said in Bejing. Many are rushing to complete construction or ignoring government orders to cut spending, official newspapers said. AP
    AP  -  49 words
  • 129 22 Bernama MALAYSIA and China yesterday signed an investment guarantee agreement, the fourth pact signed by the two countries since they established diplomatic relations in 1974. The agreement for the reciprocal encouragement and protection of investments was signed by Trade and Industry Minister Datin Paduka
    Bernama  -  129 words
  • 391 22  -  By AL O LABITA, Jr PRESIDENT CORAZON AQUINO yesterday admitted that the claims of some critics that the Philippine economic upswing was the result of "pure luck" was, to a certain extent, true. But, she said, it was democracy and
    391 words
  • 129 22 FOREIGN AFFAIRS Minister Wong Kan Seng will visit Brunei Darussalam today. The trip is in keeping with the tradition of newly-appointed foreign ministers visiting their Asean counterparts. Mr Wong visited Bangkok last week. During the two-day trip, Mr Wong, who is also Minister for
    129 words
  • 83 22 COMEX gold futures ticked lower on early selling yesterday due to disappointment that the Opec biannual ministers' meeting, after a 90 minute session yesterday, was adjourned to tomorrow. Analysts said traders were unwilling to maintain long positions in gold, with the restart of Opec talks tomorrow coming just
    83 words
  • LATE FILE
    • 45 22 Reuter ABOUT 75 per cent of Canada's 17 million voters were expected to cast their ballots in the country's general election yesterday, a high turnout reflecting the fierce debate on whether the US-Canadian free trade pact will threaten Canada's independence.
      Reuter  -  45 words
    • 51 22 Reuter US President-elect George Bush yesterday named former Treasury official Richard Darman as his budget director and said Attorney General Richard Thornburgh and Education Secretary Lauro Cavazos would stay on in those posts. Bush said these were "my choices for three critically important cabinet positions.''
      Reuter  -  51 words
    • 75 22 UPI SOUTH KOREA'S gross national product is expected to grow by 11.5 pc in real terms during this year but growth will slow down somewhat in the coming year to stand at B.spc, the Kores Development Institute said yesterday in Seoul. The institute, a government
      UPI  -  75 words
    • 78 22 AFP PAKISTAN'S Islamic Democratic Alliance yesterday declared that it would resist by every means a woman being named the country's prime minister. Ms Benazir Bhutto, the Pakistan People's Party's leader, has said that it is the constitutional obligation of President Qhulam Ishaq Khan to invite her
      AFP  -  78 words
  • Page 22 Advertisements
    • 139 22 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 Aseot t, we take pride in giving our clients their own home. A spacious, private living environment that offers the ultimate in
      139 words
    • 296 22 INVOICE TURN INVOICES INTO CASH Factoring.. Get your invoices paid within ON E DAY .u- 3 t SIOO y SIOO s lon Assign your invoices to us and get immediate cash (up to of the value) Factoring, the great business aid of modern IMPROVED PRODUCTIVITY we times, can bring your
      296 words
    • 0 22 @.>_]%&=@~']'.<*.%<;$'^++/-$|;\
      0 words

  • SHIPPING TIMES
    • 106 23 RAPHAEL CHE. 38, has been appointed president and chief executive of Genstar Container Corporation, one of the world's leading container lessors. He replaces the late Thomas Tan 10 years after acting as marketing representative in Hongkong for Mr Tan's SSI Container Corporation International, later
      106 words
    • 385 23 Reuter A LOWER fuel cost element and other changes to the Worldscale yardstick used to express tanker freight rates mean from Jan 1, owners will charge more in terms of the scale to obtain the same dollar earnings as now. The "new Worldscale"
      Reuter  -  385 words
    • 420 23 Reuter A UNITED NATIONS conference to review an international agreement aimed at giving developing nations a bigger share of world shipping is adjourning after failing to resolve a procedural dispute that stalled it for three weeks, its chairman said. Lalit M S Rajwar, of
      Reuter  -  420 words
    • PORTSIDES
      • 137 23 AFP PANAMANIAN Planning Minister Gustavo Gonzalez has accused the United States of pressuring his government to designate US construction giant Bechtel for studies on an alternative to the Panama Canal. The pro-government newspaper Bayano has charged that Bechtel, where US Secretary of State George Shultz
        AFP  -  137 words
      • 96 23 AP SHIPBUILDING talks between South Korea and the Organisation for Economic Cooperation and Development opened yesterday in the southeastern city of Kyongju. The agenda for the three-day session was to include South Korea s position on ship price increases, a review of the nation's shipbuilding
        AP  -  96 words
    • 684 24 AP GAMBLING that peace will prevail despite a continued deadlock in Iraqi-Iranian treaty talks. Western European countries are stepping up withdrawal of naval forces in the Persian Gulf. The minesweeper Crocus. the last of three Belgian warships deployed to the Gulf a
      AP  -  684 words
    • 793 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 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III 1 Asion Ocean VI 1 Awards Shpg V
      793 words
    • 183 24 AFP THIRTY-NINE South Korean sailors held by Iran since July in a fishing dispute were released on Saturday, but their two vessels and two captains were still being held, the South Korean Foreign Ministry said. The 39 men from the trawler Kims
      AFP  -  183 words
    • 76 24 Reuter THE CYPRUS bulk carrier Etfy N, carrying a cargo of alumina, was towed into Cape Town on Nov 10 following an engine breakdown on Oct 27, Lloyd's Shipping Intelligence Service said. An inspection revealed its main engine piston rings and cylinder
      Reuter  -  76 words
    • 338 25 Reuter SAUDI ARABIA'S chartering arm Vela has remained active on the tanker market and probably taken another six large units to load crude in the Mid-East Gulf next month for Western discharge, tanker brokers said. The vessels said to be involved and
      Reuter  -  338 words
    • 558 25  -  By VONNIE BISHOP GOVERNMENT interference in corporate management and over emphasis on national involvement has hampered port and shipping development in many Asian countries. Mr Hans Peters, principal for trade and maritime industries with the World Bank, described this evolution in
      558 words
    • 50 25 Reuter THE European Community's executive commission has approved measures by the Dutch government aimed at strengthening the competitiveness of its merchant shipping fleet. Under the measures. 35 per cent of the salaries of crews of Dutch vessels will be exempt from income tax from January 1969. Reuter
      Reuter  -  50 words
    • 303 25 AFP OWNERS were able to obtain sharply higher rateardue to high demand for tonnage, which continue* I to be boosted by Opec overproduction, in the Gulf, London brokers E A Gibson said irv* < their latest report. Z! Strong demand led to a sharp improvement in rates for
      AFP  -  303 words
    • 1247 30 A FURTHER rate gain has been recorded for heavy grain out of the US Gulf on Friday, with a Pamamax vessel reported to have made U5514.50 basis Ghent option Antwerp/Rotter-dam-Amsterdam at 514.25, shipbrokers said The Baltic sub-index for this voyage was consequently raised to $14 05 from $13
      1,247 words
    • 3994 30 AAMMUB Kaga Triot Nov 22PK). Evar Oar land Evargraan Nov 22 Aaai Maaraa Maarak Lira Nov 24 Tolaga Bay Trlot Nov 23<PK) Villa da M.rcur. CM 0 Afrmwrant Nov 27 Ming Proaparity Yang Ming Nov 27 Nihon. ScanOulcht Nov 29 Oiu Ha
      3,994 words
    • 1351 30 AT CONVENTIONAL WHARVES VmmI B«fth Arrival Dapartur* KEPPEL WHARVES An*te K33 olongud* 22 11 1500 Boron Stor K34 olongud* 25II 1830 Frotoaonrlo U6 olongud* 2311 -2300 Gold** Fokor H9 o'ongud* 23IM200 Koto boK3I o*ong$Kte 27 HOtOO Koto B*ron, K35 olongud* *****400 KrouCO 1 KI5 otong»»d* 22 11
      1,351 words
  • Page 23 Advertisements
    • 694 23 TIMES STP Distributors Times Pubiishinq Group \sQ^ If# jAfIOINE SHIPfIM AGENCIES H IWmW 200 Cantonment Road. #12-05 Soutnpotnt. Smgaport 0208 ■fllflV Tat *****11 TMiRS ***** EtcsimUt *****08 M. ITBflflflflf TERMINAUCFS Tit: *****18.*****18.*****20 E wODQf A FOR CUSTOMER SERVICE INQUIRIES ANO BOOKINGS Tit *****304 PEBAKA JAAOfNE OHIPfINO AfiENCIEI SON IMO PORT
      694 words
    • 85 23 mm GAMBLING that peace will prevail despite c continued deadlock in Iraqi-Iranian treaty talks Western European countries are stepping up withdrawal of naval forces in the Persian Gulf. Page II SAUDI ARABIA'S chartering arm Vela has re mained active on the tanker market and proba bly taken another six large
      85 words
    • 543 23 BALT-ORIENT LINE Baltic Shipping Co Regular Services from South East Asia to United Kingdom and tin ,Ik C nntin ■■■> il ftmrlt rionn uomnemai rons Agent: Singapore Soviet Shipping Co Pto Ltd *****33 MAERSK LINE THE DETERMINED LINE! To Europe— UK Scandinavia Finland H.MH '..II IM'IUBHIH 16/12 17/12 22 12
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  • Page 24 Advertisements
    • 651 24 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT KAGA TOLAGA BAY HONGKONG EXPRESS CITY OF EDINBURGH KAMAKURA LARGS BAY MEONIA ALSO ACCEPTING CARGO TO. ALL UK INLAND DESTINATIONS. BELFAST, DUBLIN, COPENHAGEN, AARHUS, GOTHENBURG, MALMO. HELSINKI, OSLO, AMSTERDAM, CARIBBEAN S AMERICA CONTAINER SERVICE FROM UK/CONTINENT CITY OF EDINBURGH LARGS BAY MEONIA TOKYO BAY
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    • 17 24 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
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    • 478 24 fj| POLISH OCEAN LINES Optorg Shipping Pte Ltd ngapore Tel ***** M P ((t ang WWW 3 Telei RS ***** Fa. 22S5GS1 Petaling ,i<3 '*****3 *****C3 Penang 6232*5 TO EUROPE 0 CBCTtWOMI t THAELMANN m M CC6ICLSKI FAHIUMO Ml EACON SERVICE (FULLY CONTAINERISED SERVICE) FROM EUROPE Sm Aiitmrp if Oam
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  • Page 25 Advertisements
    • 1098 25 The Straits Steamship Group P&O Containers CONTAINER SERVICE TO UK/CONTINENT: STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAINERSHIP SERVICES TO/FROM BANGKOK S'POHI BMW PtCASUS PROGRESS VS4IN Ho* »-29 Nov PtCASUS PIONEER VO9N Nov 0* BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL: *****80 SINGAPORE TO SABAH. SARAWAK AND BRUNEI
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    • 618 25 tfte> It is perhaps a virtue to preserve the good things of yesterday, as long as one is aware of the alternatives of tomorrow. This is what we want to drum into you. if EUROPE u Vt\ SSEu USA/PANAMA air iui an «7ji aui i7ji iui an an wi an
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  • Page 26 Advertisements
    • 584 26 IHSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE Singapore Lending forIRAN MAHALLATI PJLttt 22 Nov BANDAR ABBAS TKYOWV KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSL HK LOAD FOR KYOWA VIOLET V.22 3/12 VILA. NMA LTK. SUVA. PAGO. APIA KYOWA HIBISCUS V 34 21/12 VILA. NMA. LTK.
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    • 844 26 JtC.S.LINE ttHA imtnut c»*?*** "M FULLY CONTAINERISED SERVICE [FROM ['JROPE VIA SUEZ A Membff ol the Act Consortium r Oil Y CONIAINf Ris(D 10 FROM N0R T H AMERICA *fS! COAS[ OAK SEA 1«/12 13/12 25/12 20/12 25/12 20/12 2/1 27/12 FOR/MOTHER VESSEL KJW 65E/HANJIN BUSAN ISC KJW hit KOREAN
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    • 159 26 FROM GA PT. KELANG Accepting FCL and LCL HONG KONG EOROPE/OK uiM IMMtf SML m. T* T74UM INDIA STEAMSHIP FORTNIGHTLY EXPRESS CONTAINER SERVICE TO INDIA SRI LANKA SIN HAI CAL CBO MAO COURIER VJ7N mi aiu *01 *12 IW2 W2 mi Mm *m WU OM>l 07/01 14/01 ii/oi Subject to
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    • 955 26 EVERGREEN Full Contsmer Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) M 1 SCP HKC WC KLC PUS OSK TTO CHS EVE* GOVERN 3/11 2701 Mil 3001 0202 0702 10/12 EVE* GARDEN 02/12 00/12 07/12 00/12 11/12 MU I*l2 EVE* GROWTH 07/12 11/12 12/12 14/12 17/12 21/12 24/12 EVE* GRAND 13/12 17/12 11/12
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  • Page 27 Advertisements
    • 830 27 v PACIFIC INTERNATIONAL LINES W\ PIL Building. 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE J'KT 24/11 2/12 8/12 8/12 11/12 VOY 8847 i J'l!"v'! VESSEL KOTA MELATI MA GLORY QOWA KOTA MAWAR KOTA MAWAR BANGKOK CONTAINER SERVICE BEL A
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    • 395 27 BEN LINE CONTAINERS TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA, FIJI AND NEW ZEALAND SIN MAIN LINE 30/11 ER BRUSSELS 3S 12/12 ER BRUSSELS 3S 20/12 AJMSTOTELIS *5 HKC NOU 15/12 10/1 10/1 29/12 l/l AHANGEL LEADER 11 13/1 7/2 MAIN LINE ACRITAS 3N ER BRUSSELS 2H ARISTOTELIS
      395 words
    • 299 27 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. HUKORA LLOYD EXPRESS SEMI CONTAJNERSHIP SERVICES VSI/VOY L.J BONTANG/16WB SRIWIJAYA/25W8 KUTAI/16WB ANTWERP H'BURG/ ROAM/ADAM BREMEN Subled to Indue—went Also tcopMng cargo to Casablanca, Poet SaM, Port Alexandria, Genoa, Trtoato. ALSO ACCEPTING BOTH CONTAINERS. CONVENTIONAL
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    • 395 27 BOUSTEAD SHIPPING AGENCIES PAGAN VI33W HTONEYWA V24OW PA-AN VI3IW BURMA FIVE STAR SHIPPIN6 CDBPPRATHIW (Burmese National Line) Loading for Rangoon S pore P.Kelang Penang Bangkok 22/24 Nov 29/30 Nov 30 Nov/2 Dec SEMI-CONTAINER SERVICE TAMAITAI SAMOA VI4N FORTHBANK V23N IVYBANK V23N SPORE RDAM HULL HMBG 9/12 S/l 13/1 9/1 27/12
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  • Page 28 Advertisements
    • 698 28 Q K LINK KAWASAKI KISEN KAISHA, LTD. N. AMERICA-ATLANTIC COAST VOY *INDO 11 21/11 •PK/PNG 22/11 29/11 6/12 14/12 SGP 24/11 1/12 1/12 15/12 LB 17/12 24/12 31/12 7/1 CHLS 27/12 3/1 10/1 17/1 NFK 29/12 5/1 12/1 19/1 NYC 31/12 m 14/1 21/1 ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE
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    • 336 28 U> .lII' Accepting LCL and South Africa VIRGO 09Q3F HAYAKAWA MARU 6614F VAAL 6739F VENTO 1104F NEDLLOYO COLOMBO M37G CANOPUS 0803G OSAKA MARU 5542G JARDINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAD #12 05 SOUTHPOINT, SINGAPORE 0208 TH *****11 TELEX NO: RS ***** TERMINAL/CFS Tel *****18-220 BOOKINGS Tel. *****34-235
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    • 742 28 'M AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contains* TULSIDAS 38 KALIDAS V« TULSIDAS 39 KAIIDAS V 41 Sinfipart P Ketoflf Penanf L ae*i* Mr Mottier Vsl By Feeder Br '—6* 30 Nov Frem«a»V*> AM I Jan Ok 24 ok *4J 27 20 Jen X ttn >'-»» Me* Sr«" Ad* a
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    • 620 28 t GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 71 tAv#f Strttt SINGAPORE 0104 TEL UUM (10 LINES) Fu ttttSM STRAITS/PERSIAN GULF SERVICE: COIDCN HAVEN Colombo Karachi Dub* Dammjn GOLDEN REAR Colombo Karachi Dubai CHINA SERVICE A VESSEL Husnfpu Shanghai S'pore P Kelang Penan# Vm No. l»/» Doc i- THE PEOPLE'S
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    • 405 28 I PHIU OHKNT LIN€S PT€ LTD HEAD OFFICE 63 R0» NSON ROAD .07 12 AFRO ASIA BUIIOING SINGAPORE 0105 TELEX RS ?87?0 PHILI FA* 2255*76 EttT/FM EAST Fft ft LCI MWCt ETA SINGAPORE DESTINATION a/ii. w 6/12. 14/12 25/11. 2/12 II MB.V tttj rrnr JEDOAH (LCI) WEEKLY AQABA. HOOEIOAH J
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  • Page 29 Advertisements
    • 750 29 NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA \\NEPTUNE ORIENT LINES LTD 5* FAR EAST/EUROPE FULLY CONTAINERISED SERVICE a m. ml > Gsrtsrsl Enquiries: T«4: 278M77 Terminal CFS BOOKINGS *****22 *****33 NEPLINE SON. BHD. 36H887 NEPLINE SON BHD. *****33 NEPLINE SON. BHD. *****5/*****0/*****1/*****2 NEPLINE SON. BHD. *****0/23M41 of ttw ACE Consortium
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    • 396 29 DON AM HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO KELANG. PENANG, KEELUNG. BUSAN. INCHON Vnhl i Nam* ETD 'MAGNET/lON 15/11 NO OONAM/lION 20.11 tCIORIA/II3N 23/11 NO I DONAM/lION 02/12 #DRAGENT/V4N M/ 12 ETD BS S PORE PKLG KEE BUSAN MOJI 15/11 24-25/11 2J-27/11 5/12 W-11/12 12/12 01-03/12 04-OS/12
      396 words
    • 600 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 ***** PENANC P KELANC HANDLING SYSTEM CO SON IMO PASIR GUDANC F.B. SNIPPING AGENCY SON BHD T«t n&Tt.
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  • Page 30 Advertisements
    • 294 30 SINGAPORE SHIPPING MM CORPORATION (PTE.) LTD. TIL 225 6868 (34 Lmes) FAX *****39/*****76 TELEX RS ***** A/B SSCMA. RS ***** A/B SSCAD E DSR-LINES l VEB DEUTFRACHT SEEREEDEREI ROSTOCK INTEGRATED CONTAINER SERVICE I MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE -Vl* LAMACA ACCEPTING CARGC FOR LIMASSOL. BEIRUT,
      294 words
    • 30 30 T.S.K. LINE WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL COMPAGNIE MALGACHE DE NAVIGATION (Madagascar National Shipping Lina) INDIAN OCEAN/AFRICA REGULAR SEMI-CONTAINERISED SERVICE HINODE KISEN CO. LTD. SPECIALISED HEAVY LIFTERS AVAILABLE
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  • Page 30 Miscellaneous
    • 161 30 Regional Weather $ON s s a v> t i m i Nw l 45T0 c O Wmd (Wecfioo ».tt> speed *"> Imott SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO A.M. Nov 22, IMS LICCNO R ThuryWrstorm Tempwofur* •<- A\ n W*ott>»c Wmd d*ect»on vith speed r knott Ron U Cloudy
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  • Page 31 Advertisements
    • 476 31 ABC CONTAINERLINE N.V. WE HAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! 5 NEXT VESSEL: TNT EXPRESS 214 ETA 11/12/88 Only 7 days to Fremantle! Only 12 days to Melbourne! Only 15 Days to Sydney! FROM USA/CANADA/EUROPE/MEDITERRANEAN HWA YANG MARINE PTE LTD (a member of The Straits Steamship Group) Set
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    • 283 31 CSP SHIPPING AGENCIES PTE. LTD. TEL: *****66 (16 Lines) Tlx: ***** CSPFRT Fa*: *****61 Orient Bulk Line INDEPENDENT FOREST PRODUCTS SERVICE TO EUROPE S pore K Lumpur Shpg Sdn *****67 Bhd Tel *****88 JUNO SHIPPING PTE LTD OFFICE: U, KEPPCL ROAD #02-03 KEPPEL HOUSE SINGAPORE am TIMBER/BREAKBULK SERVICE HKG SABAH
      283 words
    • 624 31 WEEKLY CONSOL SERVICES U.S.A. LOS ANGELES 1/12/88 AUSTRALIA MELBOURNE/SYDNEY 28/11/88 FAR EAST A A BUSAN 28/11 BANGKOK 25/11 HONG KONG 26/11 KEE/KAOH 30/11 CALL BOOKING HOTLINE FOR BEST RATES Z2IS I 2 2 TEL *****88 TELEX ***** CFSW FAX *****88 PLUSCOL INTENTIONAL PTE LTD TEL: 223 9988 GPJ REGULAR BULK
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    • 156 31 in Tatsumi Marine (MRECT BAMJNG TO PAPUA NEW GUINEA (ACCEPTING BREAKBULK) Direct call to other ports subfect to inducement (also accepting transhipment cargo OROBA Y MADANG. KIETA. WEWAK KIMBE RABUAL via LAE.) S PORE: NEPTUNE AGENCIES PTE. LTD CO MP A] NAVEC WIISS_ (CHILEAN NATIONAL LINE) GREAT ANDES SERVICE AM
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    • 312 31 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 I 01 IRAQI LINE I' 1 |«»0' «0« MA*<T«Mi TRANSPORT WEST BOUND SERVICE ETA S PORE LOADING FOR MV ALKINDI 5/12 Aqaba Baghdad EAST BOUND SERVICE mu riurtn• n CTA SPORE LOADING FOR *fV SINDBAO 15/12 j
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  • Page 32 Advertisements
    • 476 32 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines, TLX HS ***** RS ***** fc, I \S I I K\ \K I INI K I 1 I). STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS 'For Discharging Only NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG. TAIWAN CHINESE PORTS.
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    • 320 32 Integrated Tank Container Service for EDIBLE OILS CHEMICALS Intercontinental Intra Asia and Domestic transports of liquids (Bitumen included) and gases on a door to door Tankcontainer for basis Offshore Leasing and sales All types and capacities available e LIQUID AND GAS TRANSPORT (ASIA) PTE LTD SINGAPORE member of the Van
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    • 176 32 P.T. MASKAPAI PELAYAR L PULAU laut FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA I THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****54/*****70 W.MALAYSIA SERVICE VSL VOY SIN PKG PEN
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    • 563 32 /M CALL US AT: P KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER butanc m B BUTANC SOI OTHER DESTINATIONS AARHUS. AMSTERDAM. ANTWERP. BASLE BREMEN BREMERHAVEN. COPENHAGEN HELSINKI. MALMO. OSLO. STOCKHOLM. UK FROM EUROPE VSL B SURIA SINGAPORE I LEHARVE a
      563 words