The Business Times, 17 October 1986

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 FRIDAY, OCTOBER 17, 198S 75 CENTS
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  • 188 1 AN ESTIMATED total of 878 Eurodollar contracts were traded on the Singapore International Monetary Exchange yesterday, down from 2,057 contracts in the previous day. The US T-bond emerged as the star with the day's highest turnover of an estimated 881 lots. The DM volume was 745 contracts.
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  • 593 1  -  TAN KOON SWAN TRIAL By CHAN OI CHEE MALAYSIAN politician and businessman Tan Koon Swan lost his appeal against a twoyear jail sentence at a hearing in the Court of Criminal Appeal yesterday. Chief Justice Wee Chong Jin, in rejecting the appeal, ruled
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  • 529 1  -  By GOH YEE LING SINGAPORE is set to become the beauty centre of the world and beyond. For the Republic has won the competition to stage the Miss Universe pageant on May 27 next year. Confirmation that Singapore had successfully bid to
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  • 457 1  -  New approach to compensation By MANO SABNANI THE GOVERNMENT is now in favour of paying market price compensation for land which is compulsorily acquired. This new approach was disclosed by Prime Minister Lee Kuan Yew at a meeting with journalists in Tokyo yesterday. In
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  • 51 1 Reuter WEST GERMAN Finance Minister Gerhard Stoltenberg yesterday dampened hopes of a cut in the country's key interest rates, citing excessive growth in West German money supply. He told Parliament that money growth was currently exceeding targets set by the Bundesbank, the West German central bank.
    Reuter  -  51 words
  • 523 1  -  By CHUANG PECK MING THE GOVERNMENT is standing firm on its action to restrict the circulation of TIME despite the US weekly magazine's statement that it will publish in full a letter from Mr James Fu, the Prime Minister's press secretary, correcting an article
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  • 129 1 RENEWED BUYING by foreign institutions, which have been mainly responsible for the market's recent boom, sent Singapore share prices to a new two-year high yesterday. The Straits Times Industrial Index crossed the 900 mark for the first time in the current bull run when
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  • Page 1 Advertisements
    • 90 1 >+=^,<^'->&,/@&]{?[/)[/]:>/;`%( Challenges Met, Opportunities At Banque Indosuez, we turn challenges into opportunities. We have applied our expertise in Treasury, Foreign Exchange and Capital Markets and have designed new products, techniques and strategies to help you cope with increasingly complex and difficult currency and interest rate markets. Banque Indosuez can open
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    • 303 1 The hows of SESDAQ Trading on the Stock Exchange of Singapore Dealing and Automated Quotation System or SESDAQ will be quite revolutionary. Instead of the existing auction system of trading, automated quotes on computer screens will link brokers and competing market-makers, while settlement and clearing will be done on a
      303 words
    • 70 1 On back pag« CaN to iniD®i®fivw iii Soviet •cooomic powr y«t to bm ML STYLE REDEFINED PIERRE BALMAIN 4 r r Ira] pierre balmain I pans Piene Balmain Boutiques *02 16 17. Wisma Ama 435. Orchard Road Singapore 0923 Tel 235 1282 The Pavibon Inter Continental *01-05 1 Cuscaden Road
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    • 8 1 MINOLTA ADVANCES ZOOMING Mot# itorwi on PtOC 2 ,]!^^.<=(-=`>_~;>*+\|:-/)$!^`},
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  • HOME NEWS
    • 421 2  -  By LEE HAN SHIH, Property Correspondent THE MINISTRY of National Development has come up with a new guideline that will allow developers to build more residential units on the same site. According to MND Minister Teh Cheang Wan, the Development and Building Control
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    • 391 2  -  By JAIME LYE THE FORMER Apollo Sentosa resort hotel has been turned into bargain-priced chalets in a bid to attract the innumerable Singaporeans who find it a near-im-possible task getting a chalet at East Coast Park. Singapore Tennis Centre (STC) Pte Ltd, whose diverse activities
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    • 646 2 STPB keen on Miss Universe franchise THE SINGAPORE Tourist Promotion Board (STPB) has expressed interest in taking over the franchise for organising the Miss Singapore/Universe contest, currently handled by a Malaysian promoter. The president of Miss Universe Inc, Mr Honchar, disclosed in a
      646 words
    • 225 2 FIVE public-spirited Singaporeans were given the Guinness Stout Effort Awards yesterday by Brig-adier-General Tan Chin Ttong, the Permanent Secretary of the Home Affairs Ministry. They are teenagers Chua Chuan Hoe, Teo Chye Lin and Lim Yong Hong; school workshop instructor T Subramaniam; and postman Azhar Abdul
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    • 302 2 MANAGING corporate diversification is a balancing act. Essentially it boils down to weighing risk against control, in the view of Dr John H Grant, an expert on strategic management from the University of Pittsburgh in America. But to do that effectively, managers must be in
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    • 138 2 THE LIONS Club of Singapore Jurong and the Lioness Club of Singapore Island will hold a joint fund-raising "Climbathon" project on October 26. The charity climbathon, expected to attract 200 participants, will be held at Bukit Timah Hill at the Bukit
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    • 132 2 YESTERDAY'S front-page article on the second tier market erroneously reported that DBS Securities will be involved in the Central Depository. The central depository functions will be handled by a Depository Receipt Company, which will be set up as a subsidiary of the SES. In the story headlined
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    • 204 3 THE SINGAPORE Tourist Promotion Board (STPB) has invited Mr Didier Repellin, a French expert in preservation, to Singapore to share his expertise. According to the STPB, this is the first step towards determining the extent of work that needs to be carried out to find alternative
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    • 218 3 HC J COPESTAKE has taken up the post of managing director of the Rediffusion group of companies in Singapore. Mr Copestake takes over from JACK SNOWDEN, who has resigned as managing director, in anticipation of his retirement at the end of the year, and taken up the
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    • 466 3  -  By BOEY KIT YIN SIGNS OF optimism in the manufacturing and services sectors are emerging. A total of 213 companies, recently granted tax incentives, are investing some $120 million in new equipment. This was disclosed by Dr Lee Boon Yang, Minister of State (Trade
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    • 179 3 A SIX-MAN Singapore delegation is now in Moscow for a second round of talks with the Russians to liberalise their bilateral air services agreement (ASA), signed in 1969. The team is led by Mr Ng Wee Hiong, the deputy direc-tor-general of the Civil Aviation
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    • 377 3 THE ENVIRONMENT Ministry has awarded a $27 million contract to improve the Kallang River as part of its $240 million Bukit Timah flood alleviation scheme. Work on the river, which is a major draining point for the lower Bukit Timah area,
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    • 81 3 THE Public Service Division of the Ministry of Finance has submitted its wage restraint proposals for civil servants for next year to the First Deputy Prime Minister, Mr Goh Cbok Tong. Dr Andrew Chew, the Permanent Secretary and head of the Civil Service, said that after he
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    • 137 3 TWELVE CONTRACTORS out of 34 have been prequaiified by the Mass Rapid Transit Corporation for the building and equipping of its third depot, in Changi About two-thirds of the tenders for Contract 308, for the construction of the 25.2-hectare depot, were from joint ventures. When
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    • 371 3 CHEAPER ELECTRICITY and gas rates in November are highly likely, hinted Acting Minister (or Trade and Industry Briga-dier-General Lee Hsien Loong yesterday. Speaking to reporters after the opening of the Bedok Waterworks project, he said that in the next quarterly review of energy
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  • Page 2 Advertisements
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    • 78 2 r r a s H V. musical dynamos from the Phil.pp.nes are now making waves at the Cathay Restaurant YouH like what you hear, and hear what you Nke.The soothing. satin sounds that distinguishes Cathay as the Chinese restaurant with the international supperclub ambwnc*. Come experience this wonderful combinahon of
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  • Page 3 Advertisements
    • 101 3 WORLDWIDE EXPRESS Pnompt pick-up and delivery 24 hours a day CONOUER THE "BRIDGE OVER L4KE SAPPHIRE AND YOU MAY FIND YOURSELF IN CLUB MED PHUKET! The "Bridge Over Lake Sapphire" was Wertha* Overate %*L to'*** r Jm between jLu now and i^j November 30. And you'll a hicky draw which
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    • 146 3 TRAVEL IS PART OF OUR TRADITION f ■f 1 it.> 4 4* v a 'dßSteii K a&T-.'vi, 4, V* raM memw*m t .1 rT 4 naiull On ft V C <**> a THAT'S WHY WE ARE PROUD OF OUR PUNCTUALITY RECORD. Wfe've a lot to be proud of at Saudia
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  • ASIA-PACIFIC
    • 411 4 Vice-President's party to field own candidates in polls UPI PHILIPPINE Vice-President Salvador Laurel, in a move indicating the tension in President Corazon Aquino's coalition government has worsened, has declared that his political party would field its own candidates in legislative elections next year. Mr
      UPI  -  411 words
    • 232 4 Reuter PHILIPPINE President Corazon Aquino was reported yesterday as having said that she was the victim of an unholy alliance with Defence Minister Juan Ponce Enrile. Roman Catholic Bishop Antonio Fortich of Bacolod quoted Mrs Aquino as having told him that "she had become
      Reuter  -  232 words
    • 138 4 Reuter THREE more Indonesian newspapers have been warned against speculative reporting as Information Minister Harmoko made another appeal to Journalists to stop what he called ru-mour-mongering. An Information Ministry spokesman said yesterday that the Analisa, Suara Indonesia Barn and Waspada dailies had been given
      Reuter  -  138 words
    • 279 4 Reuter MALAYSIA'S High Court yesterday cleared the way for the Asian Wall Street Journal to press the government in court to reverse an expulsion order against one of its reporters. Justice Harun Hashim upheld affidavits filed by lawyers for the paper's regional
      Reuter  -  279 words
    • 924 4 ARRIVALS Operator Some# number Locol time From SIA SQ117 0005 KUL UA UA805 0010 JFK/SFO/HKG FT FT7I 0046 JFK/BOS/ORD/ ANC/NRT/ MM./TPE RBA BM43 0330 BWN SV SV398 0440 JED/RUH KAL KE697 OBIS SEL MAS MH68I 0620 KUL MAS MH811 0910 PEN StA SQ43 0920 DHA/KH MAS MH67I
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  • Page 4 Advertisements
    • 81 4 I I The Complete Financial Information Service In conjunction with the Asia/Pacific Forex Convention, AP-Dow Jones/Telerate is pleased to exhibit its new products at the Raffles City Convention Centre, Bencoolen Room, from 16 October 1986 to 18 October 1986. v' ill I tlMil >_J IL I CLM/ II LI IL
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    • 37 4 The business person's chotce. every Tuesday, Thursday, Saturday and Sunday. Leaving Chongi Airport at 22:00 hours and arriving at Heathrow at 06:50 hours the following morning. Coil Air Conodo at *****55 or your Travel Agent AIR CANADA
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  • REST OF THE WORLD
    • 358 5 AP THE EUROPEAN Commission has released a bright forecast for economic growth of the 12nation European Community throughout this year and 1967, but warned that national policies must shift to reduce the high rate of unemployment. In its Annual Economic Report 1906-87, the EC executive
      AP  -  358 words
    • 186 5 AFP GOLD PRODUCERS from seven countries have decided to create an association in Geneva to promote the metal's use, a communique said on Wednesday. The statement, distributed in the name of the producers by a public relations firm called Universal News Services,
      AFP  -  186 words
    • 221 5 Reuter CONTRADICTORY statements by Soviet leader Mikhail Gorbachev and his chief arms negotiator on Moscow's stand after the Reykjavik Summit leave the prospects for a superpower arms accord uncertain, western diplomats say. While Gorbachev has repeatedly described the arms proposals he put forward in Iceland
      Reuter  -  221 words
    • 595 5 Tax reform legislation the main factor Reuter THE US ECONOMY may look healthy in coming weeks, but a rally before the end of the year will be paid for with disappointing growth in the first half of 1987. Analysts and business leaders
      Reuter  -  595 words
    • 264 5 Reuter THE US DOLLAR is likely to decline further against major currencies and help reduce the US trade deficit. Robert Ortner, the UnderSecretary of Commerce for Economic Affairs, said in an interview published yesterday that the pace of growth in Europe was picking
      Reuter  -  264 words
    • 75 5 Reuter OFFICIALS in the millionairestudded French Riviera have a new idea to catch tax-dodgers spotter planes which will photograph their swimming pools and other signs of luxury. Taxmen in the Alpes Maritime Department were surprised how few residents claimed on their returns to have swimming
      Reuter  -  75 words
  • Page 5 Advertisements
    • 245 5 To keep one step ahead in the money market, you need accurate information and you need it fast. Hexagon, Hongkongßank's corporate electronic banking system, brings instantly to your screen the current state of both local and international markets. Hexagon will keep you informed on Foreign Exchange rates (spot and forward),
      245 words
  • Page 5 Miscellaneous
    • 40 5 Doonesbury ...ANP7HB SQMBUKONPRU&! Fouaum rrSfcoKH&eAKiH FMSOF VMS! I^SOTTD J THZB/LL GZTHOHB, \OFNGHIS PRONTO! otmm if f !f 3 m fit 8k t <S ifi BY GARRY TRUDEAU; m UdiX tm Tf rl I I II f i V m !l!l!
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  • BANKING AND FINANCE
    • 471 6  -  Impetus from complementing Tokyo By SOH TIANG KENG SINGAPORE, which has seen a growth explosion in its forex and offshore markets, will expand even faster as a money centre in the future by complementing the Tokyo financial market. This forecast was made by Mr
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    • 323 6 Reuter THE BANK of England said on Wednesday that it intended to explore with market participants the detailed form of a possible experimental series of auctions of UK government bonds, covering a part of the government's funding. The process will take place
      Reuter  -  323 words
    • 145 6 Reuter THE Australian dollar is set for a period of stability but interest rates will need to stay high, according to reserve bank governor Bob Johnston yesterday. The bank could not loosen its tight grip on monetary policy until the balance of payments and inflation figures
      Reuter  -  145 words
    • 774 6 SINGAPORE: The US dollar closed slightly lower against most major currencies after moving within a narrow range without any clear trend in quiet trading. It ended marginally lower at 1.9740/50 marks compared with New York's 1.9770/80, at 154.05/15 yen against 154.25/30 and at 1.6160/70 Swiss francs against 1.6165/75.
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    • 246 6 Interbank rates at 3pm yesterday: Wd Oftor a roaa partly chwtgo Local dollari to OA# unit of foreign currency US dolor 2 1720 2 1730 ***** -22 97 Sterling pound 3 1331 3 1367 7 3469 -57 35 Australian dolor 1 3889 1 3918 ***** -59 49 NZ
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    • 291 6 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at slightly firmer opening levels in quiet afternoon trading. Short-date* firmed 1/8 point initially but were little changed in subsequent trading. Overnight and weekend cloaed at 6-3/16 6-1/16 per cent each and week fixed at 6-1/8 6 per cent. One month
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    • 343 6 HONGKONG: Gold yesterday closed steady in fairly active trading mainly on local bargain hunting reflecting substantial physical demand. Technical support at the US$42O per ounce level also encouraged buying interest. Expectation of an agreement on the Opec oil output quota also helped improve sentiment for gold. The metal
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    • Article, Illustration
      121 6 THE OVERNIGHT rate on the Singapore interbank market closed unchanged at 1 1/4 yesterday. One- and three-months fell 1/8 point each. Twomonths (ell 1/16 point. Mcite the average of the prim Imdhf rates of 12 major baits hi Sbif apure S$ Interbank rates at 7pm yesterday: Off* M
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    • 660 6 DECEMBER US Trea-sary-beed opened firmer yesterday morning following short covering activity in the Chicago Board of Trade due to softer oil prices. It touched an intraday high of 95.15 and backed off to 95.06 in quiet trading as dealers awaited fresh factors. December T-bond closed 23 ticks higher at
      660 words
  • Page 6 Advertisements
    • 180 6 For the 11th year... Royal Holiday Inn Singapore Tiger Beer celebrate the worid-famona OKTOBERFEST October 1 25,1986 v.* >» k\ M VA V y S U f; mPI > From October 1, CAFE VIENNA sets the mood of festive revelry with a PRE-OKTOBERFEST celebration rolling out the barrels of beer
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    • 157 6 CORUM h f Key to Perfect Time The Corum Collection In any industry, there is alwiys an elite brand name. A brand name so committed to quality that it becomes a legend among the cognoscenti. In the Swiss watch industry, that brand name is Corum. The Corum Collection of patented
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  • TECHNOLOGY
    • 345 7 THE 1986 Nobel prizes for physics, chemistry and medicine have been awarded to eight people, a reflection of the growing importance of team work in scientific research. The physics prize goes to Ernst Ruska of West Germany and Geri Binning (above right) and Hatfiei Befcrer
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    • 705 7  -  By LEE HAN SHIH A NEW GENERATION of personal computers (PC) has entered the market. Incorporating a new chip produced by Intel, the machines are so powerful that they will eventually take over the functions of many bigger mini-
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    • 245 7  -  #y ANNA TEO TEXAS INSTRUMENTS, General Electric, Motorola, HewlettPackard and General Motors were among examples of high technology companies discussed in a conference which ended yesterday. Sixteen of the more than 100 papers presented at the 6th annual Strategic Management Society conference were on technology
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  • Page 7 Advertisements
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  • FEATURES
    • 494 8 THE COUNTDOWN to the start of the second tier equity market for smaller companies started when Brigadier-General Lee Hsien Loong announced that the trading infrastructure will be in place next month. Officially named SESDAQ, the Stock Exchange of Singapore Dealing and Automated Quotation System,
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    • 800 8  -  By AMY BALAN AGNES KAYU and Peter "Teng Kor" Teh are hardly names that one would associate with marketmakers. But Paul Phillips, the projects manager at the Stock Exchange of Singapore, and his merry gang of analysts and programmers were merely giving BT
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    • 459 8  -  Letter to the Editor Jeycelyn Lim (Miss) Dear Sir I refer to the letter "To whom it should concern" by Peter Bostock (BT, Oct 3). Mr Bostock has touched on three main points in his letter: a) Procedure for announcing the compulsory
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  • Page 8 Advertisements
    • 46 8 V-' ■WE STEAMS^ 3,59 GRT Wjf *'^sSS? 9 6,0 Hapag-Lloyd 100 YEARS LATERTHE CMV "FRANKFURT EXPRESS" 58,385 GRT/ 3050 TEUS Capacity is currently the largest containership in the HAPAG-LLOYD Fleet on the weekly service to the Far East. Centencry Yecr Liner Shipping Fcr East 1886 1986
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  • SPORTS
    • 535 9  -  Ten golfers within three strokes of leader By WALTON MORAIS AS OVERNIGHT LEADER BUI Fua faltered, the rest of the field moved In to set up the $20,000 Maruman golf championship for a Classic finish today at the New course. As many as
      535 words
    • 462 9 TENNIS FANS waiting for the introduction to world championship tennis at the Kallang Tennis Centre today will have to be satisfied with a much-reduced programme. A spate of last-minute pullouts from the 32-player qualifying competition of the US$5O,OOO Carlsberg Singapore Women's Open means
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    • 385 9  -  By JEFFREY TSANG NEWCOMER China made a splashing entry into world competitive skiing by dominating the Asian Open and World Group Three tournaments in Bali early this week. The Chinese, who were competing for the first time, made a killing in the Asian women's
      385 words
    • 215 9 Reuter THE EAGERLY AWAITED clash between American Dennis Conner's Stars and Stripes and the undefeated New Zealand was postponed yesterday as high winds and rain squalls hit the America's Cup yachting course. Race officials postponed Day 11 of the challenger elimination series when winds
      Reuter  -  215 words
  • Page 9 Advertisements
    • 212 9 ft ate I (newly renovated) rsSgS FOOD STOP r Daily from 7.00 »m 11.30 am. SHAOBING YOU TIAO BUFFET BREAKFAST AT STEVENS CORNER. •Indulge in the first ever Taiwanese Shaobing You Tiao Buffet Breakfast in town alongwith other delights like our sweet or salted Soya-bean milk, Taiwanese porridge. Chicken porridge
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  • Page 9 Miscellaneous
    • 1147 9 w sm mm Xt» i ■if" 9 yjjjl This chilling political drama deals with America's favourite topic terrorism. The US is beset by terrorist attacks that escalate along with demands for retaliation against Iran. The Secretary of Defence (Paul Winfield) sides with FBI director (Peter Strauss) in waiting for hard
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    • 734 9 n \sl W 110 111 I p2 117 118 119 120 127 128 129 130 I [31 CRYPTIC PUZZLE ACROSS 4 Fights for the leftovers (6) 7 Morodono got to hondle it (5, 3) 8 Watery woman' (6) 10 Barley's first name? (5) 13 Dry, skinny, troublesome fellow? (4) 14
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  • INTERNATIONAL STOCKS
    • 340 10 NYT SHEARSON Lehman Brothers Inc has offered to acquire EF Hutton group for at least US$l.5 billion in a friendly transaction but has been turned down by the brokerage firm's management. Rumours, however, continue to circulate on Wall Street that other offers have been made to
      NYT  -  340 words
    • 125 10 Reuter FIRST Interstate Bancorp has responded to all but one of a number of items contained in Bank America Corp's request for additional details on the proposed First Interstate takeover bid. A First Interstate spokesman in LO6 Angeles said: "Only one section of the
      Reuter  -  125 words
    • 309 10 Reuter WALL Street stocks closed sharply higher on Wednesday as a sudden burst of enthusiasm In the final hour of trading propelled the market. The Dow Jones Industrial Average gained 31 to 1,831.20. The New York Stock Exchange Composite Index rose 1.81 to 137.56.
      Reuter  -  309 words
    • 156 10 OCT IS C$ AMb 25* LT>Ch Atcon Alum 43H 1* Algomo Srt 14* -M Bar* Novo Scotia 16* Bar* Of Montreal 34* Canada 35* 33* Bratcan A 27* inch Campbl Lak« 28* Canodnn Imp Bank 19* Canpoc 16* Caring OK««f« 13* Cn Bthrt O A 24* inch Conwtco 13*
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    • 223 10 OCT 15 MXJSTtlALS A Afcho ***** 230 -10 1450 25 450 AV2T. 5100 inch 2025 25 C 6 Smith 3050 uich CNA 290 Cum* Financ* 490 5 *****6 unch F«d Vofc 185 unch Fugrt Htv«td 675 5 580 -15 Ub Hokh 2950 25 Lonrho 1525 25 LTA 190 unch
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    • 600 10 OCT IS US$ AJcan AJurrwi Alcoa Alog M AM Sag AM Storat AfcOntmn Am Brandt Ik Am Can Co Am Cyonorred Am Bsc Pwr Am Exprwt Am Homo Prod Am Motan Cp Amox Ine Amarado H»n Amoco Corp Amr Corp Artnco he Atarco fcK All fcchMd A« Avon
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    • 791 10 Amsterdam OCT IS abn fk 536 00 -2 A>gon AhoM Akxo Afranto (9 JO +0.7 100 20 -0.6 144.20 -0J 151 JO -0.3 A**V Arnro Bark Au Sto4 Barkal Bab Borumi Buahrman Tatti C&rm 70.00 +02 92 40 -0.6 124.30 tMh 39 00 1.7 166.00 0.5 130 00
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  • Page 10 Advertisements
    • 426 10 <S=" m tmt to wiae, «lUi« aai eßtertala MR I; ii=P lf% It's the NEU FACES... Fresh from their European tour. The NtU FACFS Veteran and versatile musicians Rock n Roll. Top 10, New Wave excellently performed for grand entertainment Nighfk except Sundays At the Alcove lounge where the beer
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    • 120 10 ?/|+;>.)]+"{]~@+~$`|*,*?@\$)={\ May we introduce you to a most mouth wateringiy marinated Sichuan bird. The inimitable Long Jiang Drunken Chicken. Prime and plump. It's so staggeringly good youH be tempted to try the rest of our 230 Sichuan dishes. Now that's a sobering thought Come for lunch or dinner anyday. j
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  • ASIAN STOCKS
    • 419 11 HONGKONG: Share prices closed lower yesterday as heavy profittaking erased early strong gains. The Hang Seng Index fell 11.88 to 2,277.77 and the Hong Kong Index slid 7.50 to 1,434.73. Turnover slipped to HK51,206 billion from Wednesday's $1,593 billion. Brokers said rumours that HK Bank may sell its 23
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    • 303 11 OCT l« NT AM Srtcere Indus 166 0 07 Asm Cement 2770 13 Cathoy Com 34 50 02 Chang Hwa Bonk 38 80 +0 1 Chang Loong 27 50 0 1 CNo Hsn Cement 25 90 0 6 Chin Hun Flour 1050 0 15 Own Chem 25 40 12
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    • 434 11 TOKYO: Prices ended lower yesterday, but heavy losses in the early morning were trimmed in the afternoon by bargain hunting. The market average closed down 98.23 at 16,871.89. Volume was a light 430 million shares Securities company, bank, transport, real estate, retail and construction issues led declines, but electrical,
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    • 86 11 OCT 16 AcOf« Mnng Anglo Phi Apex Mmmg B 0027 20 50 0001 ■f 0 5 Boguo Gold 0005 Bovc Petroleum B«ngu«t Con 8 0009 103 -0 0005 •7 First Phi HMgs 8 +12 0 1350 uich Mofcopp«f Mantel Orwntal B 0 027 -0 001 Phil OvKWOt 0 026
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    • 492 11 SYDNEY: Anticipation that a stronger Australian dollar will lead to a cut in domestic interest rates fuelled demand for industrials, pushing Australian share markets to record levels, yesterday. The All Industrials Index rose 9.1 from Wednesday's record to 2,105.8, the All Resources marker added 2.9 to 783.6 but the
      492 words
    • 130 11 OCT 1* Wm CM Sugar 1780 70 Doetm Ind 560 -10 Daewoo Corp 946 29 Doe woo Heavy 1215 55 Donhn Socunhe* 2580 -100 Dong Ah Ptx* 789 It Dong Suh Stock l}40 •70 Dongbu St««< 1548 52 Gotd Stor 1560 70 Moral Bank 851 29 non< v_c i
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    • 171 11 Reuter BANGKOK: The Stock Exchange of Thailand Index rose 2.51 to 175.27 on a total turnover of 1,001,407 shares valued at 212.98 million baht.— Reuter OCT 1* 1 Wi Ao Khom Thai Ana Fix* 169 9 Ayudhyo lnv«*lm«nt 186 1 Bangkok Agro-ind 40 25 1 Bangkok Bank 229 6
      Reuter  -  171 words
    • 58 11 Reuter INDUSTRIAL Equity (Pacific) Ltd, a Hongkong investment company, has raised its stake in Ameron Inc to 372,100 shares, or 7.71 pc of the outstanding common stock, from 243,200 shares. In a filing with the US Securities and Exchange Commission, lEL said it bought 128,900
      Reuter  -  58 words
    • 219 11 Reuter BOND CORP Holdings Ltd chairman Alan Bond said tie had met President Corazon Aquino of the Philippines to discuss a proposed restructuring of debt for Atlas Consolidated Mining and Development Co. He told reporters the meeting was positive but gave no further details.
      Reuter  -  219 words
    • 130 11 Reuter THE TOKYO stock exchange is studying a plan to reduce securities companies' trading commissions, according to an exchange official yesterday. He had no details, but the Nihon Keizai Shim bun reported the cuts were likely to average 10 per cent and only
      Reuter  -  130 words
    • 87 11 Reuter DAEWOO GROUP said its Daewoo Telecom Co Ltd unit has signed a US$24 million agreement with the Philippine government to supply its TT)X-1 digital telephone switching system. Daewoo said the agreement, which calls for switching equipment handling 40,000 subscriber lines to be
      Reuter  -  87 words
    • 102 11 Reuter BRITISH Telecommunications PLC (BT) has agreed to develop telecommunications in the Chinese province of Zhejiang and in its capital of Ningbo up to the year 2,000 but the company gave no details of the project's value. A BT spokesman in London said on
      Reuter  -  102 words
    • 82 11 Cable Wireless wins Yangtse contract Reuter CABLE and Wireless PLC said it had signed two agreements with China for the continued development of a project in the Yangtse delta and studies on future telecommunications projects. Total costs for the two-year first phase of the scheme to develop a telecommunications network
      Reuter  -  82 words
    • 89 11 Reuter ROYAL BANK of Canada said its common shares will be listed on the Tokyo Stock Exchange beginning on Oct 17. The bank said it will not issue new stock for the listing. The bank, Canada's largest with assets of Cs9B billion, opened a Tokyo
      Reuter  -  89 words
  • Page 11 Advertisements
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      171 words
    • 122 11 W7 'm* r Rendezvous in the Park Cafe in the Park. On green, exclusive Nassim Hill. Discover international and local favourites done to perfection. Prawn Mee. Nasi Goreng. Prawn Curry. Rahmschnitzel. Hainanese Chicken Rice. Plus a whole lot more. All in our a la carte menu. Ample free parking. A®
      122 words
    • 111 11 Discover a whole new experience Relax over the finest drinks Savour the most tender juicy succulent steaks Enjoy stunning performances by top local international artistes Business Hours Mon Thur 12pm to lam Fri, Sat Eve of Public Holidays: 12pm to 2am Open daily except Sundays Happy Hours: spm to Bpm
      111 words
    • 108 11 Tea, Singapore Style Native favourites abound at Plum's. the lobby round thectoc* cafe restaurant. Tea lime win see a mouthwatering loocJ dteptay tfat will bring out the "nonya" and "baba" In your soul Fried Miten lemak Nasi lemak Shoo Ma. 800 wim assorted fittngs Nonya rice dumpings Century egg congee
      108 words
    • 54 11 $12.50 belOA 1 2 years old S9 00 BUFFET-LUNCH COMBINING THE BEST OF EASTERN S WESTERN DISHES mm I A 4 V 19, CairnhMl Circle. Singapore 0922 Tel: *****22 Telex: RS ***** S3 t*J me IK »\i A Si Park View Singapnf 'Wmim ■»*r/)uTt Caft-Restaurant Price is subject to 10%
      54 words

  • RAW MATERIALS
    • 380 12 Reuter BRAZIL, after decades of prospecting, has made its first major oil find in Amazonia. Brazilian President Jose Sarney made the announcement in Brasilia on Tuesday. Oil prospecting started in Brazil's vast Amazonian forests tat the *****, but until
      Reuter  -  380 words
    • 127 12 AFP WORLD OUTPUT of natural rubber reached 1,740,000 tonnes in the first Ave months of this year compared with 1,700,000 tonnes during the corresponding period of 1965. The International Rubber Study Group repeated on Tuesday that consumption during the same period fell to 1,845,000 tonnes, 40,000
      AFP  -  127 words
    • 196 12 MALAYSIAN crude palm oil prices closed lower yesterday on profit-taking and speculative selling in sympathy with weaker palm oil futures and following India's reluctance to accept offers at its weekly palm oil tender. India's presence in the market and higher overnight Chicago soyoil futures had supported initial levels,
      196 words
    • 179 12 SINGAPORE The market closed quietly steady yesterday with November One RSS buyers quoted at 187.50 cents per kilo, unchanged from Wednesday. Prices on the TSR-20 market finished slightly higher after dull trading. November and December TSR-20 closed at 166.50 and 167.50 cents per kilo, respectively, both up 0.50 cent
      179 words
    • 178 12 AFP THE FIRST OFFSHORE oilfield In South China, exploiting a small reservoir discovered four years ago by a French company, was officially inaugurated on Wednesday with a fanfare of firecrackers. The Weizhou 10-3 oilfield, 80 kilometres off the southern Guangdong port of Zhanjtang, is considered marginal, according
      AFP  -  178 words
    • 98 12 SOYBEAN futures in Chicago on Wednesday were off l'/i US cents a bushel to unchanged at the close. Futures held in a twocent trading range, basis active November, with clear harvest weather being offset by slow country movement. Beans were held down by disappointment in soyoil's early performance, but
      98 words
    • 147 12 Chinnt Produce Exchange StUifi noon doiMQ pricti m Oct 16 (S$/100ks) Coconut oil Bufc FOB 40.00 CHd drum FOB 53 00 N«w drum FOB 57.00 Copra Mixed Goose) 19 buyers Pepper Muntok Whit# FOB NLW Sarawak White FOB foq NLW Sarawak special btack FOB NLW Sarawak Asta black
      147 words
    • 172 12 WHEAT futures in Chicago on Wednesday closed three US cents a bushel down in near December to off V« cent after fairly quiet dealings. Traders said wheat attracted light profittaking and long liquidation after the recent run-up. They said some reaction was to be expected after this week's gains,
      172 words
    • 717 12 COFFEE Robusta futures closed sharply higher on Wednesday after prices bounced up from two-month lows to end the day with spreads of around £200 a tonne. Prices closed between £45 and £125 above Tuesday's close. They were boosted by a buy recommendation issued during the day by a
      717 words
    • 66 12 tust/!■■■■. rot) Whit* Rk« 100% 1«t daw 255 100% 2nd ckiu 220 100% 3rd dow 215 5% 205 10% 200 15% 195 20% 185 25% 175 35% 175 Broken Rice A-l Super 128 A-1 Sp«oal 125 C I Special unq C-l Ord unq Loonzoin Rice 100% 1st grode ITS
      66 words
    • 79 12 THE TIN PRICE the Km Hi Lumpur Tla Market yesterday nae three ceats to Mf14.1l per Uto la Use wttk a firmer Earspeaa spst —rttet after nae reaewed Tarasver increased to 84 toaaes (rem 0 ea Wedaesday bat same misers were still laliag hack la aatieipattoa
      79 words
    • 336 12 RAS prices m S CMts/k» FOB b •Im NOON CLOSC trrt 1 RSS Prompt 187.00 188.00N 187 50 188.50N Irtf 1 RSS Nov 86 187.00 187.50 187 50 188.00 Int 1 RSS D*c 86 188 50 189.00 189 00 189.50 lot 2 RSS OP 185 00 187
      336 words
    • 100 12 (caotiAft. 1-4w NOV 86 DEC 86 (curron it month) (forwon 1 month) NOON NOON RAS Iwyan StHtn •wren SaSan SSR 20 170 50 172.50N 171 50 173 SON SSR SO 167 50 169.SON 168 50 I70.50N MRELB Satan kyan SaRan SMR CV 284 00 286 OON 285
      100 words
  • Page 12 Advertisements
    • 524 12 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 185 PURSUANT TO SECTION 290<2Xb) AND IN THE MATTER OF AYA BUSINESS COMPANY (PTE) LTD At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road. #12-01 12-11 Golden Mile Tower, Singapore 0719 on
      524 words
    • 486 12 la the Matter e( the C—pea Act Cap 186 Ami la the Matter TANG PRIVATE LIMITED (la Meaiberr' Vetaatary At an Extraordinary General Meeting of the abovenamed company duly convened and held at 102 Upper Cross Street, #07-02 OG Building, Singapore 0106 on 12 October 1966 at 2.00 pm. the
      486 words
    • 495 12 THE COMPANIES ACT, CAP. 186 (BevM) AND IN THE MATTE& OF HUP LEONG SENG TRADING (PTE) LTD (INCORPORATED IN THE REPUBLIC OP SINGAPORE) PURBUANT TO SECTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at No. 1 Sophia Road #05-14/16, Peace Centre,
      495 words
    • 452 12 IN THE MATTES OP THE COMPANIES ACT, CAP. 1M MING CHUAN SUPPLIES PTE LTD At an Extraordinary General Meeting of the members of MING CHUAN SUPPLIES PTE LTD duly convened and held at 230 Jalan Besar #02-00 Hong Leong Chambers, Singapore 0620 on 14 October 1066 the special resolution set
      452 words
    • 365 12 TAT LEE BANK LIMITED ANNOUNCEMENT Pursuant to Article 6(1 Ma) of the Articles of Association of the Bank, it is hereby announced that declarations received by the Bank as at 30th Sept 1986. regarding the beneficial ownershio of the issued share capital of the Bank held by foreign persons constituted
      365 words

  • SHARE INFORMATION
    • 4120 13 FOR THE FIRST TIME In the current stock market rally, the Straits Times Industrial Index crossed the psychological barrier on the 900 level yesterday. Strong buying from overseas institutions pushed Singapore share prices to a new two-year high in active trsding, leaving the
      4,120 words
    • 245 13 SINGAPORE RISM m DBS 970 30 S 1 A 970 30 IT Ia4icata> M Iwkof 448 4-26 BTOt/OS Omm M 350 +24 IT CADI Gaahap 555 +20 rrotv Tract oo 283 +17 OCIC 900 +15 STIiifritriali HST 525 +15 ST fmmcm NOL 271+15 STMatab City Da* 50«
      245 words
    • 4506 13 BID and otter price» officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of chare* traded Aown In brackets in lota of 1,000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "SETT".
      4,506 words
    • 496 14 THE OVERNIGHT firm trend on the Kuala Lumpur stock market strengthened yesterday as more buyers emerged and share prices were chased yet higher. At the close, double-dig-it gains littered the boards. Confidence was bolstered by news that foreign investors have begun to show
      496 words
    • 2447 14 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. MDUSTMALS Agio AgMomoto (3028 3045) (1) 304 (2) AUi Hid
      2,447 words
    • 103 14 HONGKONG All Industriols Hongkong Index Thursday 2105.8* Wednesday 2096.7 Thursday 1434.73 Week ago 2058.9 Wednesday 1442.23 Week ago 1432.77 NEW YORK Hong Seng Index Dow Jones Thursday 2277.77 Wednesday 1831.20 Wednesday 2289.65* Tuesday 1800.20 Week ago 2271.15 Week ago 1803.85 TOKYO Standard Poors Nikkei Average Wednesday 238.80 Tuesday
      103 words
    • 247 14 Monogers' prices J MARA-Bumiputrs foe Oct 17 Fr»t B'putro Sacond B'putro 5 04 5 09 4 59 4.64 8ingspors Unit Trust Third B'putro Fourth B'putro Fihh B'putro Sixth B'putro 3 55 3 60 4 09 4.14 Tha Coonmtrci OVI 0V8 260 265 Tha Somngs Fund 0 85 0.91
      247 words
    • 108 14 KINTA BELLAS TIN DREDGING PiMe Limited Company: 59th AGM at 4th Floor, Wisma Siah Brothers,, 74, Jalan Pahang, ***** Kuala Lumpur, today at 10.30am. 8DCE DARBY Betted: 8th AGM at the Regent Ballroom, The Regent of Kuala Lumpur Hotel, Jalan Sultan Ismail, ***** Kuala Lumpur, Malaysia, tomorrow at
      108 words
  • Page 13 Advertisements

  • Page 14 Advertisements
    • 298 14 These securities have been sold outside the United States of America and Japan. This announcement appears as a matter of record only. NEW ISSUE 30th September, 1986 The Nomura Securities Co., Ltd. (Nomura Shoken Kabushiki Kaisha) U. 5.5200,000,000 31/8 per cent. Bonds due 1991 Warrants to subscribe for shares of
      298 words
    • 407 14 These securities have been sold outside the United States of America and Japan. This announcement appears as a matter of record only. NEW ISSUE 30th September, 1906 The Nomura Securities Co., Ltd. (Nomura Shoken Kabushiki Kaisha) U. 5.5200,060,000 3Vs per cent. Bonds due 1991 with Warrants to subscribe for shares
      407 words

  • COMPANY NEWS
    • 493 15  -  By AMY CHEOK MALAYSIAN conglomerate Sime Darby Bhd has hived off 47 million shares, representing 10 per cent of its interest in subsidiary Consolidated Plantations Bhd for Msl3l million net. The shares were placed by London stockbroker Hoare Govett late Wednesday, and were
      493 words
    • 395 15 HOK LOK SIU Pte Ltd, a joint venture between Goldhill Developments and United Overseas Land, was ordered to be wound up yesterday by the High Court. United Overseas Bank had filed a winding-up petition against the company in April this year claiming the
      395 words
    • 229 15 L M fails to trace source of leakage LAM GROUP Investments Ltd, one of the three companies queried by the Stock Exchange of Singapore over leakage of information concerning their respective fund-raising exercises, has also failed to trace the source of the leak. In its reply to the SES yesterday,
      229 words
    • 286 15 REPLYING to a number of queries from the Stock Exchange of Singapore on discrepancies between its preliminary and audited figures for the year to end-Dec 1985, Malaysian Feedmills has explained that the $2.86 million disparity in the pre-tax loss figure was due to further provision for
      286 words
    • 753 15  -  $15 million rights issue planned By LORETTA McLAUGHLAN IN THE FACE of continuing losses and hefty interest payments, Hotel Tai-Pan Ltd, a listed subsidiary of Jack ChiaMPH, is proposing a capital reduction and a $15 million rights issue. The Hotel Tai-Pan group, which runs the
      753 words
    • 619 15  -  PETER THAM TRIAL By HOMER CHEN MALAYSIAN BUSINESSMAN Eng Chin Ah, a key witness in the trial of Peter Tham, has contradicted the former Pan-El director's version of forgery involving shares in Ambassador Hotel Ltd. Eng, a director of the Goodyield group of companies in
      619 words
    • 800 15 SHARE PRICES openeo higher in moderately active trading yesterday, helped in part by the sharply higher overnight showing on Wall Street and a rise in sterling ahead of Chancellor of the Exchequer Nigel Lawson's Mansion House speech last night. By 1.00 pm, the FTSE 100 Index was 7.6
      800 words
  • Page 15 Advertisements
    • 37 15 There's only one way to discover how one of Singapore's SO best restaurants scored EXCELLENT for its food, wine and service, hut only moderate for its prices. Experience the pleasure for yourself! r F trier Nurw-\ I
      37 words
    • 189 15 INDIA'S RICHES LURE FOREIGN MONE Once stricken with poverty, India today is bursting with new-found wealth and vitality. Rajiv Gandhi is unshackling the economy and tempting new investment. Triple A reports on the vast potential which could see India succeed where China has failed. PLUS •Having beaten off Lloyds, Standard
      189 words

  • 739 16  -  By MANO SABNANI FURTHER CALLS for Japan to take swift action to help correct the imbalanced economic relationship between itself and the Asean countries were made by Prime Minister Lee Kuan Yew yesterday. He told Japanese journalists that he did not
    Picture by FRANCIS ONG  -  739 words
  • 428 16 THE SOVIET UNION is far from being an economic powerhouse in Asia, Prime Minister Lee Kuan Yew implied yesterday. He said there was nothing stopping the Soviets from playing a bigger economic role in Asia. "It is not for the want
    428 words
  • 381 16  -  New policy treats all foreign law firms alike By ELAINE KOH THE ONLY foreign law firm allowed to practise law in the Singapore Jurisdiction, Freshfields, has been told by the authorities that it can no longer do so under a new policy aimed at
    381 words
  • 174 16 SAVINGS in the Central Provident Fund will not be released for investments in the new second tier stock exchange. Brigadier-General (Res) Lee Hsien Loong, the Acting Minister for Trade and Industry, said yesterday this was because the Stock Exchange of Singapore Dealing
    174 words
  • 103 16 Bernama THE MALAYSIAN government yesterday announced the lowering of the electricity tariff rate for the industrial sector by another 10 per cent. Energy, Telecommunications and Posts Minister Datuk Leo Moggie said that the public lighting tariff had been cut by 20 per cent.
    Bernama  -  103 words
  • 165 16 Bernama MALAYSIA recorded a trade surplus of M 54.30 billion in the first seven months of this year, up 13.6 per cent from the same period last year. The Malaysian Statistics Department said yesterday that exports had fallen by 8.2 per cent to 120.44
    Bernama  -  165 words
  • 547 16  -  By ALVIN TAY AMERICAN INVESTMENTS on the Singapore and Malaysian stock markets may double or even triple from last year's total, if trends in the first quarter of this year persist. According to figures by leading US investment banking and brokerage firm
    547 words
  • 80 16 Reuter COMEX GOLD FUTURES posted slight gains in thin early trading yesterday as participants awaited developments from the Opec meeting in Geneva, analysts said. The pace-setting December delivery traded at U*****.30 an ounce, up US$O.6O. Silver futures firmed slightly in dull dealings as local traders continued
    Reuter  -  80 words
  • 61 16 Reuter THE NEW YORK stock market used the momentum from Wednesday's late afternoon surge to push ahead in early trading yesterday. Transportation stocks continued to provide steady support to the market and utilities posted mild gains, aiding the broad market. The Dow Jones Industrials Average Jumped six
    Reuter  -  61 words
  • LATE FILE
    • 43 16 AFP CHINESE Premier Zhao Ziyang has emphasised that China's open policy to the outside world will remain unchanged for a long time to come. 'To pursue this policy, we must expand trade with other countries," he said. AFP
      AFP  -  43 words
    • 65 16 Bernama MALAYSIA will have to spend more than Ms 6 billion on the import of food by 2000 if the country's food production is not stepped up. Deputy Agriculture Minister Datuk Alex Lee said yesterday that Malaysia's "significant loss" in foreign exchange was due to
      Bernama  -  65 words
    • 38 16 Reuter CONSUMER prices in the 24 member-countries of the Organisation for Economic Cooperation and Development rose by only 2.4 per cent in the 12 months to August, the lowest rise since July 1964.
      Reuter  -  38 words
    • 42 16 AP HAHN Bong-Soo, president of the South Korean Trade Promotion Corp., yesterday criticised in Kuala Lumpur the protectionist attitude of industrialised countries and asked Southeast Asian nations to cooperate with Korea in developing the Asian region. AP
      AP  -  42 words
    • 33 16 AP SOUTH KOREA'S outstanding foreign debt stood at US$47 billion at the end of August, down US$4OO million from a month earlier, the Finance Ministry said yesterday. AP
      AP  -  33 words
    • 45 16 UPI, Reuter THE ISB6 NOBEL prize for economics yesterday went to James McGill Buchanan of the US for his contributions to the theory of political de-cision-making and public economics, while Nigerian playwright Wole Soyinka became the first Black Nobel literature prizewinner.
      UPI,; Reuter  -  45 words
    • 32 16 Reuter PRESIDENT Hossain Mohammed Ershad yesterday claimed victory in Bangladesh's presidential election and denied charges of massive rigging in the poll, boycotted by the main Opposition parties. Reuter
      Reuter  -  32 words
    • 30 16 AP THAI forces backed by artillery, mortars and tanks struck from three directions yesterday and retook a Thai hilltop seized by Vietnamese troops based in Cambodia.
      AP  -  30 words
  • Page 16 Advertisements
    • 91 16 e'est merveffleux! the French love it, and so do the Japanese, the Germans and the Americans Ardmore Park is very international where you'll make friends quickly and feel rignt at home. With the amenities of a country club, excellent security and just off Orchard Road, what more could you want?
      91 words
    • 0 16
      0 words
    • 171 16 MOST SUCCESSFUL INDIVIDUALS GOBY THE BOOK By the book we mean the Seven Star Diary. Proven by over a million users worldwide as an indispensible tool for planning and organising, in business, at home or just about anywhere. Unlike ordinary diaries, only a small portion of the Seven Star is
      171 words
  • Page 16 Miscellaneous
    • 52 16 Outlook: Showers over several ortos in the lot* morning and Report for 24 hours prior to 7.30pm on Oct 16 ot the airport: Maximum temperature 31.6 Associated humidity 63 Minimum temperature 25.3 Associated humidity 96 Hours of sunshine 8.95 Rainfall in millimetres nil Rainfall this month 186.2 Roiny days this
      52 words

  • SHIPPING TIMES
    • 156 17 Reuter BETWEEN 40,000 and 45,000 jobs are likely to be lost in European Community (EC) shipyards in the four years to the end of 1989, according to the EC executive commission. The forecast was contained in a statement outlining plans to spend
      Reuter  -  156 words
    • 430 17  -  By G DURAIRAJ EVERGREEN LINE, which has entered into partnership with Konsortium Perkapalan Berhad, has drawn up plans to use its Malaysian outfit to serve the Malaysian and regional trades. The Taiwanese line is planning to register a number of its container vessels
      430 words
    • 211 17 Reuter A MAJOR LANDSLIDE in the narrowest section of the Panama Canal is preventing transit by some larger ships but the strategic, inter-oceanic waterway has not been closed, authorities said. The slide, which started on Monday, worsened on Tuesday night, dumping tons of rock
      Reuter  -  211 words
    • 163 17  -  By Kingsley Wood THE NEW Caltex tanker Australia Star is scheduled to leave Korea today after being delayed for nearly a month by an engineers manning dispute. The maiden voyage follows legal proceedings taken by Caltex In the federal court but were
      163 words
    • PORTSIDES
      • 87 17 Reuter SEVERAL TONNES of bananas from a bumper crop in the south-west region of Guangxi would probably rot through lack of transport and buyers, the China Daily said yesterday. It said the region would produce 150,000 tonnes of bananas over the next four months, double last
        Reuter  -  87 words
      • 89 17 AFP DANISH, Swedish and Norwegian shipping companies are considering the formation of a Scandinavian organisation, similar to the Scandinavian Airlines System (SAS), shipping sources said in Copenhagen on Wednesday. The combined organisation would be called Scandinavian Shipping System (SSS). Its vessels would fly the Norwegian
        AFP  -  89 words
    • 1263 18 CHARTERING on the London shipping freights market remained too slow on Wednesday to reinvigorate a lethargic market on which only the Great Lakes showed any real sign of life. CNAN worked two more grain consignments to Algeria from the Great Lakes and St lawrence aboard Oct 20-30 loaders.
      1,263 words
    • 890 18 Fairplay THE PROBLEM, contends Mike Northen, president of ACT/PACE in New York is that the rates on the US-Aus-tralia trade look extremely attractive for ship operators in comparison to those on offer on the trans-Pacific or North Atlantic runs. The result has been a
      Fairplay  -  890 words
    • 188 18 PRE-SHIPMENT INSPECTION for Asian exports to the Philippines which was suspended in June because of challenges to its legality is expected to be reintroduced shortly. Reports from the Philippines further suggested that SGS will be reinstated. The Swiss-based company was given the contract to survey exports
      188 words
    • 207 18 PLANS BY West German shipping expert KarlHeinz Sager to initiate a new round-the-world service are taking shape. The new line, says Lloyd's List, would be called Senator Line with headquarters in Bremen. It will start next spring and will operate mainly with vessels which
      207 words
    • 925 18 AB Shpg V 5 Accord Shpg VI 3 Afea Lme VI 3 Ahrenkiel Liner X 1 Altrans VI 3 AC Toepfer X 5 Anro Service IV 2/3 Arrow Lines X 4 Atios Line X 3 ANL 1 1/2 APC Lme V 4 APL HI 2/3 ASCL IX
      925 words
    • 175 19 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line
      175 words
    • 136 19  -  By KINGSLEY WOOD THE AUSTRALIAN government has appointed a seven-man committee under the chairmanship of a senior Transport Department official to consider the question of drinking at sea aboard Austra-lian-manned ships. The study is the result of a court of marine inquiry which
      136 words
    • 424 19 Lloyd's List OCEAN DRILLING and exploration company Odeco has purchased the entire rig fleet of fellow US operator Fluor Drilling. The deal, which has been struck at the astonishingly low price of US$l7.5 million, involves six jackup rigs, a drill ship and three platform
      Lloyd's List  -  424 words
    • 317 19 Reuter THE WEST GERMAN government has unveiled a multi-million mark plan to help coastal states deal with the collapse of the nation's shipbuilding industry. Economics Minister Martin Bangemann and Finance Minister Gerhard Stoltenberg told Journalists on Wednesday that the
      Reuter  -  317 words
    • 205 19 THE INTERNATIONAL Association of Independent Tanker Owners (Intertanko) expressed its concern last week over moves by the US Senate to stop the government's ratification of the protocols covering increased compensation for oil pollution which were drawn up in 1984. US ratification of
      205 words
    • 175 19 Reuter FRENCH heavy engineering group Alsthom plans to cut back 2,376 jote next year, about seven per cent of total staff, because of sluggish world and domestic demand in shipbuilding, railway construction and energy. A spokesman for the group, which employs 35,000
      Reuter  -  175 words
    • 311 19 Oct 17-22 European Channel ports course, Dover and Le Touquet (details: South Kent Adult Training Enterprise, Ashford, Kent.) Oct 19-21 The creative use of oil futures in physical training, College of Petroleum Studies course, St Catherine's College, Oxford. Oct 19-24 Oil pollution control course organised by the Institute
      311 words
    • 183 19 Reuter THE EUROPEAN satellite launch company Arianespace has signed a contract with the 48-nation International Maritime Satellite Organisation to launch its Inmarsat 2 F2 communications satellite in May or June 1989. The agreement, announced by Arianespace on Wednesday, follows a first contract signed in
      Reuter  -  183 words
    • 5647 24 ft mi nil Min« Glory. Yinf Ming, Oct IT. Tang He. Chtaa Ocaaa. Oct V. Ever Going. Evergreen. Oct B. Ned DeJlma, ScaaDutcht, Oct B. Ever Growth, Evergreen. Oct V. Qtu He. China Ocean. Oct 8. Ever Greet, Evergreen. Now I Tang
      5,647 words
    • 400 24 AT CONVENTIONAL WHARVES VMM Bertn Arrival )iptnuff KEPPEL WHARVES Barber Nora Equator L Bulk Equity SO Tripura Dang Mohligoi Dashopmg G Sekjton-8 Hoe Ann Koto Berkat Lin Petakng Merge* Raven Arrow Trans Fjord K9 K22 K30 KI6 K20 K20 K17 K28 K30 K19 K12 K9 K10 alongside
      400 words
    • 895 25 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movamant Ship Voy data/tima Oparator cargo schadula Location Um Humanity 028LA 17 1086 1600 G Asia F5A 1100-1300 L2 B Mekx 422 17.1086 1800 Leo Shpg F5A 0900-1000 W3 Burr* Pertrwi 3N 18 1086 0500 NAPL
      895 words
  • Page 17 Advertisements
    • 829 17 1)1. 1« >11.11 V ORIENT OVHQEAS CmLim* LINE STRAITS FURDPt FXPRESS SERWICf S'aert U tow* R'dan Fstaae HW| tVwWw» a •C. R. MM 7* 22/10 10/11 11/11 12/11 15/11 16/11 18/11 am com*** 37* 29/10 17/11 11/11 19/11 22/11 23/11 25/11 ORENTM. am 51* 5/11 24/11 25/11 26/11 29/11 30/11
      829 words
    • 66 17 RATES ON THE US-Australia trade look extremely attractive for ship operators compared with those on offer on the trans-Pacific or North Atlantic runs. Pag« II A OCEAN DRILLING and exploration company Odeco has purchased the entire rig fleet of fellow US operator Fluor Drilling. Page 111 Index to advertisers II
      66 words
    • 906 17 r OfTHE Available at aH good bookthop* PUBLICATIONS 'Jfj/ THE HEART OF THE i iii MAERSK LINE OUR CFS jm r wm IS NOW LOCATED AT F2 call our CFS at new tel. no. *****85 *****86 S* pore EXPORT TO USA. EUROPE. zo t Ctaaa Taos •CT It/10 2400 MB
      906 words

  • Page 18 Advertisements
    • 204 18 V C T TXT 17 yamashita-shinnihon line V I j I 1\ fjj TRANS-PACIFIC SERVICES STRAITS FEEDER Pacific Southeast Pacific A^ic/Camidi Binif j i MB'ifPTTTw \minnmmm ■< u iMbagMl WESmmuim wsuiujmtumium SS3I ii", KTif mf mr»irraFTTMIM» zn?r—HLnf KMHWM| ■■MpniniiiiniiTTTMrnii>i'i3i ■■rami'. if i MIDDLE EAST Full Container Service (A member of
      204 words
    • 233 18 EUROPE/FAR EAST CONVENDOWAL SERVICE TRANSPORT PT. of LOG PanSlriiSS^TMsatft TEL: 03-*****50 MALAYSIA SON. BMO. TLX: ***** MTM Frt. Booking contact Mist Qan LDQ FOR PAOFIC CITY MM-Tiuim. GMGOMIISSA SzczKiMftcM Further load/ discharging ports en route subject to sufficient inducement. Singapore Agent Goodrich Maritime Pte Ltd. Tel: *****35 Tlx: RS *****
      233 words

  • Page 19 Advertisements
    • 617 19 The Straits Steamship Group S STRAITS SMPPMG Singapore to Sabah, Sarawak, Bmnai Ports and Bangkok J (fTT<? L Mansfield Container Shipping Pte Ltd Ovaraaaa Container# Limited 11. a.lrtl UK/CONTMENT: Kburf rum It tan bM faM 17/11 17/1* 19/11 21/11 25/1# 27/19 21/11 •3/11 95/U 95/11 11/U 11/U U/U 17/11 19/11
      617 words
    • 613 19 Franco Belgian Services Aj I ,-l tr.n. h r> ,1 h 11. 1 1. ,ir, I r V. I. rn I i/t. MFMBER OF ACE CONSORTIUMS can mo soma to emmk rrm rmmt u Hn r*» Hm m Ct MB aOd (21 Od) II Rw 11 Ik* 12 Nw 15
      613 words

  • Page 20 Advertisements
    • 364 20 100 Years Liner Shipping Far East 1886-1986 a TO CONTINENT/UK EXPORTS S*PM F* S'tw Htvt rtWMI MN/fNI l« Hawt N/1* 21/11 9/11 11/11 13/11 14/11 10/11 20/10 2t/M 15/11 17/11 19/U 21/11 22/11 4/11 1/11 25/11 27/U 21/11 30/11 2/12 U/ll 13/11 2/12 4/12 0/12 7/12 1/12 11/11 21/11 11/12
      364 words
    • 404 20 MCSline FULLY CONTAINERISED SERVICE Mill* CONTAIWRISID 10 FROM NORIH AMIRICA MSI COASI wssei Kti 3S(/k mm m «x NC 36E/I MODON Ml kch 2u/f nosroim SSB 571/1 NOMS 5W Jli CONVENTIONAL SERVICE TO PERSIAN GULF BKK S PORE LOADING FOR WOMS6ON 28 """A" DAMMM. DUBAI SEAFKHTE* AC 14 15/10 20/10
      404 words
    • 469 20 Hai Sun Hup Co (Pte) I td rEL *****06 (20 Lines) TLX RS ***** RS ***** ,L lAM I K\ \k I K III) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RORO HEAVY lIF TS MOTE: ALSO CAUJNG OMR ItfWlSf PORTS, HONGKONG. TAIWAN ft CHKSE PORTS, SUBJECT VOUCEMENT IMLintermaritime SOUTHERN AFRICA
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    • 627 20 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) we uc *16 no an 22/1« 28/ it 21/11 mi a MMW t** LIWRG 2/U 5/11 7/U 1/11 no aott vu i/u 11/11 is/11 INURE 12/11 U/U 11/11 21/U fW aw M/ll 21/11 25/11 77/11 no ou» a/ii i/ii 4/12 vu C*»
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  • Page 21 Advertisements
    • 824 21 SHIPPING TIMES, Friday, ucu>oer u, i**> PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE VEOSEL MAJAPAHIT GOWA KOTA SINGA SIN JKT MY SIN HKO KAO *TCH KEE BUS *««U« HTC YOK KOB KEE 24/10 24/10 20/10 31/10 5/11 0/11 0/11 0/11
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    • 688 21 BENLINE CONTAINERS We have MOVED to 200 CANTONMENT ROAD #13-05 SOUTHPOINT, SINGAPORE 0208 TEL: *****22 EXPRESS COHT/UNER SERVICE TO UK/CONTRENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS IkJJEBSEN LINE NEW ZEALAND TO NEW ZEALAND, PAPUA NEW GUINEA FIJI AND SOUTN PACIFIC ISLANDS I 5 Ihrg 23/10
      688 words
    • 536 21 DJASAGETRI A Joint Europe Service Ot P.T. DJAKARTA LLOYB P.T. BESURI LLOYB P.T. SNRVBERA IMOWSU P.T. THROW LLITI SEMI CONTAINERSHIP SERVICE SIN6APORE TO EUROPE iMTMUnr turn srm mo 27 24/11 14/11 ADAM/RDMI HIK 11/11 22/11 store rum nvm/tvm rate PMrMBAMC KM 31/112/11 25/11 2J/11 2/12 ATMM/VMM trRIRK 2/12 4/12 STORE
      536 words
    • 422 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Lira Loadnf far Ranfoon Spore P.KeUn( Pnm| 10/11 Oct MTITKYEE NM V276W 17/11 Od PAGAN *104* 11/2* Od AM H2W 19/21 Od 17/11 Od PA-MI ¥102* 3/5 Nat 24/25 Od V* IVYBANK VI7N FORTHBANK VI7N TO ANA MUGN ¥2 TAUSALA SAMOA it
      422 words

  • Page 22 Advertisements
    • 1207 22 ft ft USA CANADA ATLANTIC COAST (Wound Th« Work! S«rvic«) N. JAOE V 4 0. MRS TO V 27 VERRA2ANO BMNE V*3 SrORL 17 Oct 11 Nov 25 Nov 30 Oct 30 Nov K KAWASAKI KISEN KAISHA, LTD. 1 CHS 22 Nov 7 Dec 12 Dec 24 Nov 8 Dec
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    • 680 22 AUSTRALIA EXPRESS CONTAINER SERVICE Acc«pttng FCL/FCL Contotoscs PMat* liner Vns« Spo-r M*t frtrn Sydn Aho Accepts CHAWBAS »22 4 No, 70 No< 29 Nc. 21 «o» Adrl Bra «R V 8 4 Not KAMIMS «31 18 No. 6 Oct 13 Dk II 0« Ad« Bra V3O 27 No. RAMOAS V
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    • 725 22 GOLDEN LINE GUAN GUAN SHTCMG (Pit) LTD 21 !«M AT* SkMt SMCAPORI 01M m SMJW (II U«) 1 STRAITS/PERSIAN GULF SERVICE: s»« GOLDEN HMKST Cotombo fcaudii MwicJl Dub» 601 DEN HAVEN Colombo Mucin B*wi» 21/22 Oct 4/4 Mm CHMA OCEAN SHPPMG CO.. PEKMG THE PEOPLE'S REPUBLIC OF CHMA 1 r
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    • 359 22 H INTRASEA (PTC) LTD Mi lO Anson Road »27 16 Intemat'Ona Smqapore 0207 Tel *****11 ilO Lines i' 7 T.Vt f.J9 t BREAKBULK SERVICE TO EUROPE/UK PHIIITRON SHIPPING UGINCIfS PU lIP PHIII OftllNl IMS Pie l ID f- H> AD Off ICE M POBtN'.iN ROAD 1 «fPO ASIA BUIIDINI, SMGAPOPI
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  • Page 23 Advertisements
    • 801 23 rf 111!■■■■■■■ Spare Id Ik OMct *****77 NEPTUNE ORIENT LINES LTD £T NEPTIM AGENCIS PTE. LIB FI EU/AUST TFA/SU ihumi erf aooKKS titan *****53 nmu *****22 *****53 *****42 (a OMCT UD *****19 *****10 *****11 NEPUNE SON BHD *****17 *****45 ****** *****2* NEPIM SDH BHD *****71/*****34/*****35 NEPUC SON BHD *****9/*****5/*****0/*****1/*****2 FAR
      801 words
    • 415 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON VMM Mi W (Mi) lb 7 Oaun, MM Hi Oman MMN Monv* Ha Ml (Maria) S'pvt M PI Mw kPI (Ofl-«frt) 14/11 «/n a/ii 27/14 Mil 1/11 21/11 (OK-fet) C/ll 9/11 14/11 a/u 11/11 21/11 a/11
      415 words
    • 495 23 SMSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SMSOV BULDMG 55. Market Street Singapore 0104 Tat: *****33 (15 Lints) Tamital Office: *****41/2 Cable Address SMSOV SMGAPORE Teiei fcmbers RS ***** RS ***** RS 2510S f KELANG K/S SHARK AT NAH SOON SON. M> IST AND 2NO FLOOR. MESSRS HM THONG SWTM
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    • 39 23 Vf# Last PJda« Pw« DANG IMHLKM V.U UM hW GBO MMU NO.I V.2M SaM 21/10 GALAXY V-1A 25/10 30/10 SHBUSm MEBHM I HT.Y. TFTH M. PTL LTD 143. C*d Sfrwt. #U-*4 GB kMf S*m 11* IQ: 223*22 (2 UM)
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  • Page 24 Advertisements
    • 515 24 i! f REGIONAL CONTAINER LINES TO BANGKOK (4 SAILINGS A WEEK) ira CS3E22E iWi.. w ir?!W i w fn*im?r ira .*iryT77F nrni nn ■m bn 29-29/10 Sat 1-1/11 Dsdi Bnnn i rvm e it-— m Firm r^TM nirnnMi?>if i —i -rm FTTi^MfiTrir^r' w igi iMi^ > 'Bgr7Ti [mT r *l^T!T
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    • 121 24 VAN OMMEREN BULK TIMBER/PLYWOOD PARCEL SERVICE To: COHT/UK PORTS: Iff SOUTH6ATE VO-1 Sete/ Rott/ Antw/ UK (Til) Rott/Antw/ UK (Til) •Abo Loadwe From 'Indonesian Ports Aflwit* SINGAPORE: CALICO SHIPPING PTE LTD Tak *****66 TbcRS ***** CALICO FAX *****71 PORT KELANG: PBKAPALAN UTAMA SDN BHO FERI MALAYSIA SDN. BHO. ripe vsiNic
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  • Page 24 Miscellaneous
    • 153 24 Regional Weather s k t m fA ■it-. SIGNIFICANT WEATHER AND SEA CONOfTIONS AT 7JO A.M. THIS MOftMNO. R A W«oth«f Wmd d»«ction »»lb speed knot* V Show*f ••?T Wo..he^h. Cloudy Sky Woct winds Of« ««4<Ote4 by •rrews wW* Hy »«tk tfce ».f*d On# tui c*ck» represents calm or ond
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  • Page 25 Advertisements
    • 169 25 iMy ,M :l i i r'" n riV'" i (few) SERVICES TO CHITTA6OIIG Hi m ETD CMUNC M—««X» I C7/K DRY DOCK MOM KTI IK TOC TBC DRY DOCK m a/11/K 24/lt/K CaOMBC mm I 02/tt IC/11/M 21/M/M CHTTTAGONG AGENTS: BAYANIHAN SHIPPING PTE LTD T«fc 22)0710 Mnm) Ile M Hlt7
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    • 4 25 CHART POINT every SATURDAY
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    • 621 25 CORMORANT BULK CARRIERS VANCOUVER B.C. CANADA ■OONESJA/ USA AMD CANADA NEST COAST CONKNTONAI SERVICE loaohg >w vwcouva i.e a ran* PM) nil BELA "C'OBT 1112/12 IS-lt/12 212J/12 otto i(mow ran subkct bbwcement WWOM/ W« CONVENTIONAL SERVICE LOMMNG FOB MMBAS HAUM BOBBAV ■u. C*EKW T6JWB TO BOA rw. wcTo»T-t- im/n 2*21/11
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    • 649 25 T\> CN C LINES WEEKLY FCL LCL CONTAINER SERVICE KUO USING ¥610 KUO LIME VCIO YE LAM VM3 KUO HSUNC VCII m m MO KEE HOB MOI BUS 22/11 21/11 30/10 31/10 4/11 5/11 8/11 3/11 9/11 11/11 12/11 10/11 17/11 10/11 11/11 10/11 11/11 19/11 23/11 24/11 25/11 15/11
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  • Page 26 Advertisements
    • 518 26 Hi FINE-LINER SNIPPING PTE LTD TEL: *****52, *****02, *****82 TLX: R*****1 FLINER ACCEPTING FCL, LCL ft CONVENTIONAL MDOLE EAST SERVICE I, 21/10 DUM. MMIAM. MUSCAT. DOHA, DAMIAN. 20/10. 21/10 ♦/a 9/n 24/10, 31/10 S/U. 15/11 21/10. 21/10, S/U 11/10 29/10, 4/11 HONGKONG/CHMA SERVICE mam, bqjmg, tmmm. sjoou, shanghai. GUANG2HOU. WHAMPOA
      518 words
    • 414 26 HEAP SENS TRADING t SHIPPING PTE LTD •001 BEACH ROAD #13-01 GOLDENMU I own* SINGAPORE 0710 TEL MO. *****22 (3 LINES) TLX MO. MS ***** MEAPCO 1" 31!<UJt'>.VWit'..li^lAlLiiJiaiLlALLll wssa wr» spo* h** l mJOt LAMPUNG VIMK OCT Jl/tt OCT IMPURE VIIIM »OCT lAMPUK VI tm l/l "0» 4/ojw IMPURE VIUM
      414 words
    • 575 26 C.Y. LINE (A Mtmbtr Of The ACE Consortium) CHO YANG SHIPPING CO. LTD FIUY COMTAKMSED SOtMCt 10 EUMK (VU SUEZ) C* PARS »7W CHM CONTAMI V37W OHNTU OD KIN KOREAN l*a« W3CW lattam Usr Fttov* KWf Rr»» Ma«f 10/11 U/ll 12/11 IS/11 li/U IR/U 17/11 U/ll lt/U 22/11 23/11 25/11
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    • 685 26 Everett Linesl COMPAMA PERUANA DE VAPOREES (CP.V.) PERUVIAN STATE LINE" lojdfflf tot CaUo Matwm lo and oOwt Ptrvnan ports «nt» trwishipiiwnt at Rote On CPV Ilvroufti Bits o' ladmc to t"WI dntnulioo Penanj* P Krfanf Sa«*art MURRAYEYERETT 25/2 C Oct THOMASEVERETT S/C Nn HUOCVERETT IC/1S Nw "EVERETT ORIENT LINE"^ JAPAN/BAY
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    • 247 26 ZIM NON-CONFERENCE MOOBENT RU CORTAKR cjrfm la USA East 9 Not Caact. Caiitiafl rrr ::r m hut contamei l* n* iu w *a ns vu ii/u 14/u u/u 17/ M 2LT2FL. *<!? iS /u am 22/11 25/11 tf/11 a/11 TVNE MM IB 2 4/11 a/11 Fa U Eotpmi md Mmm
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