The Business Times, 2 December 1986

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 TUESDAY, DECEMBER 2, 1886 75 CENTS
    12 words
  • 216 1 STOCK MARKET SHARE PRICES on the Singapore stock market finished slightly higher on bargainhunting yesterday. The Straits Times Industrial Index was up 4.94 points to 871.83 and the BT Composite Index advanced 8.63 points to 767.59. Total volume fell to 12.78 million units valued at $30.38 million
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  • 153 1 UPI EVEN AS ANALYSTS forecast, the Hongkong stock market roared ahead yesterday, picking up the momentum of last week, to drive the blue-chip Hang Seng index up 33.40 to a record 2,452.15. Volume was a very heavy HK$l.7 billion against Friday's
    UPI  -  153 words
  • 547 1  -  Creditors expected to send representative to Brunei By ALVIN TAY,RAY HEATH A SIX-MEMBER steering committee has been formed by banks in Singapore which were exposed to the 51.3-billion loan scandal of the Khoo Teck Puat-controlled National Bank of Brunei. BT understands that the members of the
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  • 596 1  -  By LOH HUI YIN SINGAPORE'S paternalistic style of government has bred a nation which has been sheltered from the harsh realities of life, and it should become more self-reliant, the First Deputy Prime Minister said yesterday. But while citizens will be given
    596 words
  • 350 1 A TWO-PARTY political system in Singapore would split the people, given the country's smallness and also the limited pool of talent available, pointed out the First Deputy Prime Minister. Mr Goh Chok Tong said that after the 1984 general
    350 words
  • 63 1 A YEAR TODAY, the Singapore stock market was brought to a shuddering halt, triggered by the collapse of the forward contract pyramid. The "Pan-El debacle" enveloped the stockbroking and financial community and hastened the passing of the Securities Industry Bill. The road to reform appears clear
    63 words
  • 470 1 AP JAPAN opened its first offshore banking market yesterday in the hope of becoming more of a world financial centre and further internationalising the yen. The step is the latest in a series taken to liberalise Japan's money markets, but
    AP  -  470 words
  • 80 1 Reuter SHANGHAI is short of skilled workers because factory managers failed to train employees, according to the New China News Agency. It said that only 2 per cent of manual workers in the city's shipbuilding, energy and machinery industries were skilled, and blamed factory bosses
    Reuter  -  80 words
  • 182 1 PROFIT FORECASTS for Standard Chartered Bank are being lowered by London analysts in the light of the problems being faced by shareholder Khoo Teck Puat. With markets watching for any signs that he is selling his 6.28 per cent stake, one leading analyst has shifted
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  • 119 1 AFP THAILAND'S economic recovery has now begun after a half-de-cade of austerity policies. The Nation newspaper yesterday quoted Olarn Chaipravat, the executive vice-president of the Siam Commercial Bank, as predicting that Thailand's economy would grow at least 5 per cent to 6 per
    AFP  -  119 words
  • Page 1 Advertisements
    • 82 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM LOT HiTecpainf Vs NEW Liquid System Transparent window lets you see how much ink you've used up. The jumbo ink tank holds ink to write for more than 2 kilometres, twice the mileage of ordinary pens. There is no drying up, even if the
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    • 243 1 wm SHARE INFORMATION MONEY EXCHANGES RAW MATERIALS LETTER OUR VIEW IF THE MOUNTING PUBLIC BATTLE against smoking succeeds, tobacco companies stand to suffer. But just as smokers adjust to not being able to smoke in some places, businesses also adjust to changing market conditions. If the market for cigarettes is
      243 words
    • 7 1 ^!}<-`\`~{,{;/%'}[@"+=+~}%^+\_@ More stories on Page 4, Back Page
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    • 257 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Shipping Tlmaa come* as a separate aactlon today. Maka aura you gat your copy. r With Hongkongßank's Home Loan-Ray only interest for liH the first 5 years. t\ Only Hongkongßank has a home loan i that's specially tailored to your available cash flow. I
      257 words

  • HOME NEWS
    • 600 2  -  By MONICA GWEE TRY SEEING IT this way: it's not a matter of right or wrong, but one of life and death. After seeing presentations by eight advertising agencies, the Ministry of Health accepted that premise and appointed
      600 words
    • 415 2  -  By MARTIN SOONG EFFICIENT AND RELIABLE SERVICE, rather than the latest technology or attractive fares, will win commuters over to the Mass Rapid Transit (MRT) system. Mass Rapid Transit Corporation (MRTC) chairman Michael Fam told employees at the company's annual dinner last night:
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    • 527 2 MORE RECOMMENDATIONS for integrating the Mass Rapid Transit (MRT) system with public bus services are expected by the third quarter next year, said Communications and Information Minister Dr Yeo Ning Hong. Dr Yeo, speaking at last night's annual dinner for MRT Corporation (MRTC)
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    • Article, Illustration
      424 2 Seminars and courses DURATION TITLE VENUE ORGANISER Dec 15-17 Value Added Workshop National National Productivity Productivity Board Board Dec 17 How to Export Your World Trade Trade Development Products Under the Centre Board GSP and the APTA Dec 17-Computer-Aided PCB Singapore Singapore Jon 31 Design Polytechnic Polytechnic Dec 18
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    • 723 3  -  By RICHARD SEAH, Special Correspondent A CHEMICAL FIXER would have done the trick in the dark-room. But in the photography market, Kodak has found that it needs a whole new chain of mini-labora-tories to stop its image from fading. The company's position
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    • 489 3  -  By LEE HAN SHIH BY A COMBINATION of luck, good services and competitive pricing, a local computer group has managed to penetrate the famous Japan Inc. Unidata, a group of companies with interests in Singapore and Malaysia. is taking over the lucrative distributorship
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    • 361 3 IN SPITE of the government push to exploit information technology, a local company selling research information does most of its business overseas. "That's because there are a lot more universities and research centres in the other newly-indus-trialising countries," said Mrs Janet David, the managing
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    • 86 3 COME SUNDAY, Dec 7, the Toa Payoh Nursing Home for the Elders will be filled with cars decorated with crepe paper, ribbons and balloons. The event a car boot bazaar. Organised by the Leo Council, the youth wing of the Lions Clubs, the bazaar is
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  • Page 2 Advertisements
    • 116 2 FACTORY FOR LEASE Rental: 600 per sq.ft. AREA: 10,000-60,000 sq. ft. FACILITIES: Sanitary, Water, Sprinkle system, electricity 100 KVA Suitable for all types of industry, except food LOCATION: Near Jurong bus Interchange Interested parties please call *****80 'X*?;™■ i -"-y*:* ;iy r '-yy -r Jf? ""V" •m -w m m
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    • 64 2 BT helps you increase productivity BT, Singapore's biggest business daily has a weekly page devoted to training and development to keep Singapore ahead in the economic race. Every Wednesday, BT brings news of the latest techniques and developments in training, productivity and acquisition of skills. Our comprehensive coverage on "Training
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  • Page 3 Advertisements
    • 76 3 ElKnight Frank Cheong Hock Chyt' Bail lieu For Sale PRIME COMMERCIAL BUILDING WITH NAMING RIGHTS Single storey centrally airconditioned building Q Suitable for offices, clubs, food shops etc U Area: 24,000 sq ft Recently refurbished and upgraded with the latest phone and computer trunking facilities Q Excellent location t3 Easy
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    • 294 3 V'dllVll On great little helpers From one Chief Executive to another >/ r a>Tj I run, what you would call, a global gifts-and-greeting company (we're a bit older than Hallmark). I 'ho-ho' all the way from Times Square through Piccadilly Circus to the Ginza. |i So, communication is top priority.
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  • ASIA-PACIFIC
    • 526 4 Reuter AN AGREEMENT between Japan and the US on semiconductor trade could collapse if Tokyo fails to force its microchip makers to boost prices outside the US, say industry analysts in Tokyo. The five-year agreement, 'signed last July after a year of
      Reuter  -  526 words
    • 232 4 AP NEARLY HALF of Americans surveyed believe Japan has not done enough to open its markets, and about 31 per cent of Japanese questioned in the same poll agree with them, according to a joint survey published yesterday. Also, 38 per cent of Japanese polled described
      AP  -  232 words
    • 106 4 Reuter ECONOMIC INDICATORS due for release in the next few weeks may paint a gloomy picture of the New Zealand economy, but the economy is not entering another recession, Prime Minister David Lange says. "We are going to go through a period which will
      Reuter  -  106 words
    • 291 4 AP INDIAN Prime Minister Rajiv Gandhi nearly got a ticket for speeding as he drove to the airport in the bullet-proof green Mercedes that the King of Jordan gave him, Indian newspapers said on Sunday. The Indian Express and Sunday
      AP  -  291 words
    • 272 4 AP CHINA'S economic reform next year will focus on efforts to inject greater vigour into major enterprises. Premier Zhao Ziyang was quoted on Sunday as saying. Mr Zhao said large state-run businesses should be given full power over management, "which is crucial
      AP  -  272 words
    • 217 4 AFP MEMBERS of the Hongkong Basic Law Drafting Committee (BLDC) have held "heated discussions" on legislative guarantees of Hongkong's rights after the territory reverts to China in 1997, the New China News Agency (NCNA) said. Some members of the BLOC said a draft
      AFP  -  217 words
  • 656 4 ARRIVALS Operator S«rvlc« Local From number tim* SV SV399 1330 CGK S1A SQ1 1330 SFO/HNL/HKG SU SQ61 1335 •KK SU SQ15 1350 LAX/HNL/TPC GIA GA956 1355 DPS su SQ956 1355 DPS S1A SO 109 1405 KUL SiA SQ455 1410 IWN THAI TG405 1415 MCK/HKT AY AY902 1420
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  • Page 4 Advertisements
    • 277 4 I II I The business person's choice, every I II %I I If 1| I Tuesday. Thursday. Saturday and I 1 II I m 1 f Sunday. Leaving Changi Airport at i 'I J—J 1 22:05 hours and arriving at Heathrow at 06:45 hours the following morning. Call Air Canada
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  • REST OF THE WORLD
    • 402 5 AP INDUSTRIALISED NATIONS should cut production of earththreatening chlorofluorocarbons (CFCs) by one-third and tax ozone-depleting chemicals, says an environmental research and policy group. The World Resources Institute in Washington issued the call last week in a study released before representatives of 28
      AP  -  402 words
    • 201 5 Reuter MEXICAN PRESIDENT Miguel de la Madrid said yesterday that trade protectionism and low economic growth in some industrial nations threatened to plunge his country further into economic crisis. Mr de la Madrid, who arrived in Tokyo on Sunday for a fiveday
      Reuter  -  201 words
    • 332 5 AP AN ANGRY President Fidel Castro. assailing "chaos and anarchy" in the workplace, says Cuba's economic goals will never be achieved without increased worker discipline. Speaking to a Communist Party Congress in Havana on Sunday, Castro complained vigorously about the employment of excessive
      AP  -  332 words
    • 497 5 NYT THE US ECONOMY continued to grow at a moderate pace in November, according to the monthly report of the National Association of Purchasing Management, released in New York on Sunday. The report, based on a survey of purchasing managers in 250 industrial
      NYT  -  497 words
    • 197 5 Reuter PRIME MINISTER Gro Harlem Brundtland says her government plans to introduce legislation enforcing savings of one per cent of gross income on all Norwegians earning the equivalent of more than US$l3,OOO a year. She said in a weekend speech: "This measure would dampen part
      Reuter  -  197 words
    • 387 5 AP BRITAIN'S Anti-apartheid Movement, claiming success in harassing Barclays Bank to leave South Africa, said on Sunday that it planned a new "people's sanctions'' boycott against other British companies operating there. Mike Terry, the executive secretary of the 25-year-old movement, said next March would be
      AP  -  387 words
  • Page 5 Advertisements
    • 248 5 Mexico on oconomic tightrope, Page 8 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
      248 words
  • Page 5 Miscellaneous

  • BANKING AND FINANCE
    • 341 6 MBT THE TIME is ripe for the Malaysian government to think seriously about setting up a national cooperative bank to serve as a central bank for all cooperatives in the country, Royal Professor Ungku Abdul Aziz, the president of Angkasa. the National
      MBT  -  341 words
    • 447 6 Reuter THE UK GOVERNMENT S Export Credits Guarantee Department (ECGD) is studying several new types of insurance for exporters that will make it easier for them to sell abroad. Trade finance sources said the new proposals stem from a product development team set up earlier this year
      Reuter  -  447 words
    • 504 6 Reuter THE DOLLAR will weaken over the next year, falling as low as 1.80 marks by November 1987, while sterling will benefit from the lower dollar and prospects of a re-elected conservative government, according to a new study. The lack of accord among
      Reuter  -  504 words
    • 283 6 Reuter THE HONGKONG Deposit-Taking Companies (DTCs) Association has again proposed to the colony's Banking Commissioner that a separate category for limited service banks be created for regulatory purposes. Chairman Gordon Young told the association's annual meeting yesterday that the proposal was contained
      Reuter  -  283 words
    • 366 6 Number Indicative Gross Coupon Amount Interest of days of Middle Price Redemption Maturity Yeor raised Rat* Million) Payment Accrued (excluding Yield pa) Dates Interest accrued interest) po) 1.5.87 Loan 1 1977 7 V, 60.00 1/5. 1/11 29 102.55 2.81 15.7.87
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    • 103 6 Reuter THE BANK OF CHINA has han-' died more than US$l billion! worth of foreign exchange transactions in a new service which assumes the exchange risk for clients. The China Daily yesterday said the dollar's fall against the yen and the mark had forced
      Reuter  -  103 words
    • 59 6 Reuter AN INTERBANK market has opened in China s eastern Fujian province, handling US$44 million worth of business in its first two days. Only banks are allowed to participate in the market, organised by the Fujian Industrial and Commercial Bank, but individuals and firms would
      Reuter  -  59 words
  • Page 6 Advertisements
    • 173 6 TOP OF THE CLASS! Thai's Royal Executive Class has been voted the Best Business Class in the 1986 Airline of the \fear Awards We admit we had gone to extraordinary lengths for the business traveller. Wider-than-normal seats and legroom. Exquisite linen, fine porcelain, silver cutlery and a choice of menus
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    • 75 6 Texwood Business Slacks. Still working even after 5. You can count on a good investment in a pair of Texwood Business Slacks. They take you from 9 to 5 in ease and don't stop even after you've left the office. The clean styling gives you a snug, comfortable fit which
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  • MONEY AND EXCHANGES
    • 608 7 BA Futures After opening one tick lower at 94.08, the March Eurodollar traded narrowly between 94.06 to 94.08. The release of the US purchasing managers report for November which showed sluggish growth had no impact. Towards the end because of squaring the March contract closed at 94.05, down four
      BA Futures  -  608 words
    • 253 7 HONGKONG: Gold closed sharply firmer in active trading on strong local buying interest. It was supported by concern the US political climate would continue to deteriorate over the Iranian arms deal. But the upside appeared limited and the US$4OO per ounce level should show considerable resistance, dealers said.
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    • 301 7 ASIAN DOLLAR deposit rates closed steady at opening levels in quiet afternoon trading yesterday. Short-dates firmed 1/16 point at the outset and remained unchanged in subsequent trading with overnight, Tuesday/Wednesday and week-fixed closing at a common 6-3/16 6-1/16 per cent. Term rates were narrowly mixed initially and were
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    • 175 7 Interbank rates at 3pm yesterday: Bid Offer roe* perKy change Local dollars to 1 an* unit of foreign currency: US doNor 2.1920 2.1930 2.8196 •22.26 Starting pound Australian dollar 3.1466 3.1502 7.3469 -57.17 1.4237 1.4265 3.4286 -58.48 NZ dollar 1.0718 1.0767 3.4286 68.74 Canodton dollar 1.5866 1.5879 3.4206
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    • Article, Illustration
      127 7 THE OVERNIGHT rate on the Singapore interbank market closed at 3 3/4 per cent yesterday, down 1/2 point from Friday. All the term rates were unchanged at 3 3/8 per cent. c S$ Interbank rates at 7pm yesterday: Oftar Ud night 3 3/4 3 1/2 lHmih 3 3/8
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    • 752 7 SINGAPORE: The US dollar closed lower against most major currencies on light selling pressure in thin late trading yesterday. Dealers said sentiment for the dollar continued to be bearish. The dollar made a slight recovery around mid-day on short covering on fears of possible Bundesbank intervention but the
      752 words
  • Page 7 Advertisements
    • 348 7 This coupon will help jou speak even better. Yes, I/We would like to attend The two day Executive I Executive Retreat Oil! Western Dining. Retreat organised by The (p iease select date): December*ll to 12th I Participation will take Marco Polo with John Robert December 4to sth December 13 to
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    • 170 7 LI *i_L I oniy Now with Superloan, r dream within your reach. Superloan two loans in one. Loan one: up to 90% of your new home's current market value. Loan two up to 10% to cover hidden costs like stamp duties, legal fees, renovations and new <, furniture. Don't settle
      170 words

  • WORLD BACKGROUND
    • 852 8 Government introducing bitter medicine to cure inflation NYT THE MEXICAN GOVERNMENT is embarking on a delicate balancing act as it begins to use US$l2 billion in new foreign loans to restart a stalled economy while trying to curb inflation and high interest rates. Details of the
      NYT  -  852 words
    • 748 8 NYT MORE THAN TWO WEEKS after leading Brazil's centrist governing party to a stunning victory in mid-term elections, President Jose Sarney has suddenly become the target of bitter recriminations over his decision to start lifting a nine-month-old price freeze. In the first violent
      NYT  -  748 words
    • 704 8 ADVERTISEMENT The name Thomson is one of the best known brands in Europe. Not surprising when you realise that 50% of all television sets made in Europe are manufactured by Thomson. Television sets that epitomise the state of the art technology that has put Thomson ahead of the
      704 words
    • 603 8 Reuter IN SPITE OF some painful fiscal adjustments, tumbling oil income has squeezed the economy of Opec member Ecuador so hard that it is again turning to its creditors for debt rescheduling concessions, say bankers and diplomatic sources in the country. The Pacific Rim
      Reuter  -  603 words
    • 659 9  -  By R W APPLE NYT US PRESIDENT Ronald Reagan reached the nadir of his presidency last week. There is no dispute, in Washington or elsewhere, about that. The questions preoccupying politicians and diplomats now are whether things could
      NYT  -  659 words
    • 676 9 Reuter NEW YORK apartment seekers often study newspaper obituary notices to obtain an early lead on vacant properties. In Paris, estate agent Qhislaine Karsenthy says the situation for people hunting a home there "is absolutely terrible. There is only demand
      Reuter  -  676 words
    • 860 9 AP AMERICA'S special trade representative Clayton Yeutter confronts Congressional critics and foreign trade ministers with a disarming grin and a brimming self-confidence he attributes to "God-given talent But Clayton Yeutter confided in a recent interview that lawmakers generally are harder to negotiate with than trade ministers.
      AP  -  860 words
  • Page 8 Advertisements

  • Page 9 Advertisements
    • 40 9 «jAE<;EK-LECoi'ITRfr t UH.I2U 1 1 Moonphases gents' model by Jaeger-Le Coultrn. Automatic movement with complete calendar. Available in SINGAPORE: Robinson's Centrepoint Cortina Watch Centre Nanking Watch Tigress Changi Airport MALAYSIA: C.I.L. Centre Hilton Hotel Woo Hing Bros (M) Sdn Bhd
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    • 340 9 v V.J <> a V 4 r p i r .v M* i'* TOVJTA i %> CRESS/DA B. iiwWijii»w i' HFKfjii nil.J 11 imM r Specifications may be subject to change. LUXURY FORTHOSE WHO KNOW THF.TR OWN WORTH. The days when you were prepared to accept the bare essentials in
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  • FEATURES
    • 553 10 "THIS NEWSROOM is smoke-free," declares a sign as you enter Business Times. It goes on: "If you must, please do it in the BT conference room. Thank you." Another sign points the way to the conference room. The signs went up about two weeks ago following
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    • 1411 10  -  New rules have been put in place after the Pan-El debacle which occurred exactly a year ago today. LORETTA McLAUGHLAN recounts that fateful day and looks at where the securities industry is heading now. LORETTA McLAUGHLAN "WHAT WENT WRONG was gross over-trading, greatly in excess of
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    • 574 10 1985 Nov 18: Pan-El defaults on $7.5 million loan repayment. 30: Pan-El goes into receivership. Dec 2-4: SES and KLSE closed. 3: $180 million standby credit agreed for stockbroking industry; Supervisory Committee supersedes SES committee. 5: Trading resumes on stockmarkets on immediate delivery basis only.
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    • 129 10  -  Letter to the Editor ERIC LOW Peninsula A Island Services Pte Ltd DEAR SIR, Please allow me to clarify the words "shipper" and "shipowner". In shipping terms, "shipper" is referred to a person or a company which ships cargo/merchandise to another party, that is the "consignee".
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  • Page 10 Advertisements
    • 281 10 ;E €S December 3-7 1986, World Trade Centre A new experience awaits you at SINGAPORE INFORMATICS'B6, the most important IT exhibition to be held in the Republic An extraordinary range of sophisticated IT products and services is on display from over 250 companies representing 22 countries worldwide. The list of
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  • Page 10 Miscellaneous
    • 695 10 CRYPTIC PUZZLE ACROSS 3 A brother actor with pluck (5) 8 He's on the panel (5) 0 Nothing to hug, possibly (5) 1 Irony is too much (3) 2 You wouldn't credit it, but I'm in debt! (5) 3 Dominate a clergyman in a vessel (7) 5 It grows around
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  • SPORTS
    • 322 11 AP WEST GERMANY'S Boris Becker, the No. 2 player in the world, stalled American John McEnroe's comeback bid 3-6, 6-3, 7-5 on Sunday in winning the US$5OO,OOO AT T challenge tennis tournament in Atlanta. The 19-year-old Becker won US$l5O,OOO for claiming the title. Becker quickly
      AP  -  322 words
    • 436 11 AP THE MAJORITY of the 12 skippers of the challenging boats in the America's Cup yachting competition expressed confidence on the eve of the third round series which begins today. In a joint press conference yesterday,only Challenge France and Azzurra.the French and Italian entries,admitted
      AP  -  436 words
    • 193 11 Reuter WORLD CHAMPION Ross Norman of New Zealand reached the quarter-finals of the Al Falaj Grand Prix squash tournament in Muscat on Sunday, beating Australian Tristan Nancarrow in what both described as their latest ever professional match. Fog in Amsterdam delayed Nancarrow's arrival in
      Reuter  -  193 words
    • 410 11  -  SGA to introduce monthly 72-hole tournaments By WALTON MORAIS THE SINGAPORE Golf Association is introducing monthly 72hole tournaments next season to boost the amateur game in the Republic. The tournaments will be held in each of the nine clubs in Singapore with the SGA bearing
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    • 663 11 NYT WITH TWO wisecracks near the 15th green at the PGA West Stadium course, Fuzzy Zoeller and Jack Nicklaus defined golf's skins game better than anyone else ever has. "Sure beats hell out of working," Zoeller said at the course In La
      NYT  -  663 words
  • Page 11 Advertisements
    • 149 11 «|S t 'A«L i (M IS YOUR BUSINESS! ORDER FORM Yes, I would like to subscribe/renew. Please send the magazine to the following address: Name: Address: Company: Designation: Enclosed is cheque/money order no: for $49.00/$71.25/564.75. Cheque/money order should be mode payable to Times Periodicals Pte. Ltd. Please send the form
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  • Page 11 Miscellaneous
    • 1093 11 to em mm ir Dirty Harry (Clint Eastwood, right) leads another foray into screen violence. He is joined this time by Tyne Daly as a female cop in a story-line that involves a gang of munitions thieves and a kidnapped mayor being held for ransom on San Francisco's Alcatraz Island.
      1,093 words
    • 83 11 Play gol£ the Sevvy way PO NOT TEE THE a BALL TOO LOW FOR A OR/VE INTO THE WtNP. 1 THIS PRODUCES A PO\NNWAR£> &LO** WHICH VY/LL RESULT W 7V£ BALL R/S/NG SHARPLY... THE EXACT ORRO&TE EFFECT FRONT THE L one you ARE AFTER A?" the best way to tackle
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  • INTERNATIONAL COMPANY NEWS
    • 1215 12 INTERVIEW WITH SIMON KESWICK NYT SIMON KESWICK has never been photographed against the Hongkong skyline. "It's too Clavellian," he explained, wincing as he referred to the best-selling novels by James Clavell that loosely chronicle Keswick's clan and company. A notion that a photograph of a
      NYT  -  1,215 words
    • 473 12 UPI ABBOTT LABORATORIES. Digital Equipment Corp, HJ Heinz Co, Masco Co and J P Morgan Co have been chosen by Dun's Business Month magazine as the five best-managed companies this year. In the business magazine's annual survey, the five companies were
      UPI  -  473 words
    • 98 12 Reuter INTERNATIONAL City Holdings PLC (ICH) has agreed to buy money brokers Charles Fulton (Asia) Ltd (CFA) for a total of HK$l55 million. ICH, whose principal activity is international money broking through Fulton Prebon International, said last Friday it would acquire CFA from Robert Phelan
      Reuter  -  98 words
  • Page 12 Advertisements
    • 465 12 s (i Wfrei* to wlm 9 iim All YOU WANT > £s.utb r *r v C V V i> 80 per person Lunch: 11 am to 2.30 pm dail Sundays Public Holidays. 8 am to 2.30 pm 'At 181. Kitchener Road, Singapore 0820. Tel: *****22 m !»W; SUPER-VAUUE SEMINAR PACKAGE
      465 words
    • 137 12 w > i' -5; .i 1 Outstandingly tender performances in many Long Jiang Shredded Beef dishes have made Daisy (pictured above) one of our most popular attractions. (Shredded Beef with Chilli and Gaiiic Sauce is a particularly hot item.) A prime reason to *Q Lm9,Mm9 come for lunch or dinner
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  • ASIAN STOCKS
    • 525 13 HONGKONG: Share prices yesterday closed sharply higher in heavy trading as the Hang Seng Index soared to another record on strong institutional demand. The Hang Seng Index jumped 33.40 points to 2,452.15 while the Hong Kong Index also rose 21.29 to 1,560.10. The previous record for the Hang Seng
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    • 277 13 DEC 01 MT S Kotin 2480 -03 Kuochan Oev 21 30 -02 All Sincere Indus 1 04 -0 09 Lee Chang Yuen 29 00 -0.5 Asia Cement 27 40 unch Chem Indus 33 30 -03 Lien Hwa Indus 20 30 -2.1 39 10 -09 Nan Ya Plas 34 30
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    • 447 13 Reuter TOKYO: Stocks closed mixed in moderate trading yesterday as profit-taking eroded early gains. The market average closed 17.52 lower at 18,307.98, but had risen as high as 18,434.22 in morning trade. Advances led declines five to four. Turnover, aided by institutional buying, reached 530 million shares against 400
      Reuter  -  447 words
    • 103 13 DEC 01 Cheil Sugar Daelim Ind WON 1785 560 4 3 Kai Kangwon Ind Kia Motor 1355 1110 1840 2100 -80 -90 105 Daewoo Corp 1240 -49 Daewoo Heavy 1475 -65 Daishin Securities Dong Ah Phar 3720 850 270 20 Oriental Brewery 1330 20 Dong Suh Stock Dongbu Steel
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    • 337 13 SYDNEY: Australian share markets closed higher yesterday as stronger bullion prices over the weekend attracted keen support for gold stocks and buoyed demand for quality industrial issues. At the close, the All Ordinaries Index had risen 5.9 points to 1,385.5 and the All Industrials was up 7.0 points to
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    • 158 13 Reuter BANGKOK: The Stock Exchange of Thailand Index was up by 2.02 to 188.48. Turnover totalled 844,901 shares worth 223.6 million baht. D€C 01 BANTS Ao Kham Thai 6 2 0 5 >4 2 2 Stam Cement Stam Citizen* Siam Citizen* Leasing 801 suap »u*p 12 Ayudhya Investment 200
      Reuter  -  158 words
    • 124 13 Bernama THE PHILIPPINES has started negotiations for the construction of an US$BO million copper fabrication plant under the Asean Industrial Programme. Deputy Trade Minister Tomas Alcantara said that the plant would be built beside the Philippine Associated Smelting and Refining Corporation. The Philippines
      Bernama  -  124 words
    • 438 13 Reuter A TRADITIONAL year-end Tokyo stock market rally could be hampered by the reluctance of many Japanese institutional investors to buy into the risky market, according to some fund managers in the Japanese capital. "We have become extremely cautious," one said, noting the
      Reuter  -  438 words
    • 126 13 Reuter A FRENCH CONSORTIUM led by Cgee Alsthom has won a threebillion franc contract from the Indian National Hydroelectric Power Corp to supply a turnkey hydroelectric power plant at Dul Hasti in Kashmir. The plant, which will have a 400-megawatt capacity, will take five years
      Reuter  -  126 words
    • 164 13 FT MATSUSHITA ELECTRIC, the world's largest electronics company, and the city of Beijing have agreed to build a US$lOO million colour television component factory in the Chinese capital. The deal marks the largest manufacturing investment in China for a Japanese company. The
      FT  -  164 words
    • 125 13 Reuter JAPAN'S Parliament has officially approved the privatisation of Japan National Railways from April 1. Government officials in Tokyo said yesterday that the Upper House formally approved eight JNR reform bills submitted in September. The 114-year old public railway has long-term debt that will amount to
      Reuter  -  125 words
  • Page 13 Advertisements
    • 575 13 The Manila market was closed yesterday. s vm •J) JI T I x ;vTp_' y 8 mm i* m Ss ir.fi i if® j§ if** Fashionably hyatt Join the fashion-conscious every Tuesday, Wednesday and Thursday (3 6 pm) in The Lounge. Watch our models parade the latest collections while you
      575 words
    • 157 13 m r Food Room Package E nmv a 4-ccxrM aumptuous lunch or 6nnor Fm dafccacy mduM A room Is Mo "3& Deluxe Single/ double occupancy s s66 Transit Special s$45L Ihi iart) II iwl HhmkMhl StMla wests tXMk from your haavy l«lnin«MW miW TMKt schedule Of iu»t nan up end
      157 words

  • RAW MATERIALS
    • 395 14 MBT SOME PRIMARY COMMODITIES, including rubber and palm oil, will be eligible for export credit refinancing (ECR) facilities, with effect from yesterday, under revisions made to the ECR scheme set up by Bank Negara. The central bank said in a statement that while the
      MBT  -  395 words
    • 233 14 Bernama PALM KERNEL yesterday became the first lauric oil to be traded not only on the Kuala Lumpur Commodity Exchange (KLCE) but also the first and only futures contract of its kind to be traded anywhere in the world. The contract will serve
      Bernama  -  233 words
    • 434 14 Reuter MALAYSIA hopes tin prices will rise to Ms2o to Ms 22 a kilo from about M 516.35 currently after tin producers implement production cuts. Malaysian Minister of Primary Industries Lim Keng Yaik said. Or Lim told reporters the world demand and supply may
      Reuter  -  434 words
    • 156 14 MALAYSIAN crude palm oil closed higher yesterday on late covering and speculative buying. However, trading was subdued with most operators diverting their interest to the newly-launched palm kernel futures contract on the KLCE. Activities were concentrated in the southern region with Dec delivery gaining $12.50 to M 5735
      156 words
    • 84 14 OIL PRODUCTS IT WAS a very quiet day. Most products were stable and unchanged except fuel oil which firmed with sentiment and recent trade at high of quotation. Closing prices for crude (FOB origin) US$/barrel Change Dubai (Dm) WTI, West Texas Intermediate, (Jan) Closing prices for products (FOB Singapore) US$/barrel
      84 words
    • 143 14 Chinese Produce Robwtta 20/25% Exchange FOB NSW 530.00 Seller* noon pf Doc 1 (SS/100 kg). fees en Nutmeg 110 FOB NSW 1405.00 Coconut oil BWf FOB NSW 1289.00 M FOB Otd drum FOB 66.00 76.00 Gambler New drum FOB 86.00 FOB NSW 330.00 Copra 33 buyers London Commodity
      143 words
    • 87 14 (canfi/kg, 1 -ton po id«n) JAN 87 FEB 87 (currant month) (forward month) NOON NOON RAS Iwyar* twyao t H«n sse 30 164.00 170.00N 169.00 171.OON SS8 50 164.00 168.00N 167.00 169.00N MRELB lwy«rt < tl»ri Bvy«n S«8«n SMt cv 275.00 377.00N 376.00 378.00N SM* I 377.00
      87 words
    • 443 14 COFFEE Robusta coffee futures ended Friday with pared gains of up to £40 a tonne. Contracts showed gains of as much as £60 at the midday recess due to short-covering in the absence of sellers. SUGAR Raw sugar futures were steady yesterday morning, standing US$O.6O/1.00 up from Friday
      443 words
    • 123 14 THE PRICE OF T»f on the Kuala Lumpur Tin Marfcat yesterday strangthanad 25 cant* to closa at M 516.60 par kilo on continued strong buying demand. Strong bids of 266 tonnes were noted at last Friday's price level but offers were small. The buying interest declined gradually as
      123 words
    • 67 14 Bangkok (US$/tonne. FOB) White Rice 100% 1$f dots Mtq 100% 2nd don »tq 100% 3rd don unq 5% 200 10% 195 15% 190 20% 180 25% 175 35% 175 Broken Rice A-1 Super 123 A-l Special 120 C-1 Special unq C-1 Ord unq Loonzain Rice 100% 1 ft grode
      67 words
    • 265 14 SINGAPORE The market closed slightly lower with January 1 RSS buyers quoted at 176.00 cents/kilo, down 0.50 cent from last Friday. The morning session ended steady, after hovering narrowly around last Friday's levels in thin trading due to lack of interest. Trading remained thin in the afternoon but prices
      265 words
    • 276 14 RAS prices m s c •nto/ko, FO B In Mm I NOON CLOSE 8wy*n f-M Ivyors M Int 1 RSS Prompt 178.00 179.00N 177 JO 178J0N Int 1 RSS Jon 87 176 JO 177.00 176.00 ***** Int 1 RSS P*b ***** 177.25 176.25 176^5 Int 2 RSS
      276 words
  • Page 14 Advertisements
    • 227 14 *************************00 o j'Yjc is isSK W OOO W t^s# at costpfc^L Rl •fr tiro [>Hi] PricsfcCata Mmm fob fiUMttt i T-- 1 Mstabta ItaWf Fim Shpm bf WforS*49 SUNOSHISVE-120 Super HG VHS 2 his Blank CASH ONLY (WHILE STOCKS LAST!) *>♦? BO rasaa TRAINWELL 836 LCD C 3 Calculator, Ful
      227 words
    • 574 14 NOTICES ORIENTAL CREDIT ft REALTY (PTE) LIMITED (In Voluntary Liquidation) At an extraordinary general meeting o' Oriental Cradit ft Raaty (Pre) Limited held on 74 November 1986, the following Special Resolutions were duly passed 1. Resolved that Oriental Credit ft Realty (Pte) Limited be wound up voluntarily and that Messrs
      574 words
    • 292 14 IN THE MATTERS OP THE COMPANIES ACT (CHAPTER 1M) AND IN THE MATTES OP BARANG SARI KENCANA TRADING PTE LTD (la VXutary Ll|rt<itti«) NOTICE OP MEMRERB' VOLUNTARY WINDING-UP NOTICE IS HEREBY GIVEN that pursuant to Subsection (1) of Section 290 of the Companies Act (Chapter 185) an Extraordinary General Meeting
      292 words

  • SHARE INFORMATION
    • 4212 15 LATE PROFIT-TAKING eroded the gains made by most share prices on the Singapore stock market yesterday. But prices still managed to close higher on short covering and bargain hunting. The BT Composite Index rose 8.63 points to 767.59 and the Straits Times Industrial Index
      4,212 words
    • 264 15 SINGAPORE Rites Indices No* 28 Dk 1 Tronofc Min*i i 430 92 ■T Composite 758.96 767.59 o c c 900 20 IT Indicator *****031 *****831 F N 895 15 8T O®/OS -232 138 DBS 875 15 IT CAD* -6864 -6807 Sport Land Nat Iran 496 12 IT
      264 words
    • 3367 15 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "SETT".
      3,367 words
    • 268 15 BRITISH AND MALAYAN TRUSTEES Limited: AGM at the Board Room, 17, Philip Street #08-00, Grand Building, Singapore 0104 tomorrow at 12.30pm. KESANG CORPORATION Berhad: 25th AGM at the Cempaka Room, Mezzanine Floor, Hotel Equatorial, Jalan Sultan Ismail, ***** Kuala Lumpur on Monday, Dec 8. at 10am. SEAL INCORPORATED
      268 words
  • Page 15 Advertisements

  • COMPANY NEWS
    • 622 16 Decision follows bankers' assurance to help debt-ridden companies Bernama THE MALAYSIAN government has decided not to amend the Companies Act to protect ailing companies from foreclosure by banks, according to Trade and Industry Minister Tengku Razaleigh Hamzah. This means the proposed amendment to Part Eight
      Bernama  -  622 words
    • 350 16 MBT MALAYSIAN International Shipping Corp (MISC), which is expected to be listed on the Kuala Lumpur Stock Exchange (KLSE) in February next year, has projected a group pre-tax profit of M 5237 million for this year. Next year, the national shipping corporation
      MBT  -  350 words
    • 240 16 Bernama THE FORMER managing director of the Malaysian Overseas Investment Corporation (MOIC), Mohamed Abdullah Ang, has pleaded guilty in the Kuala Lumpur High Court to criminal breach of trust involving M 5338,808. Justice N H Chan will hear his mitigation on Friday.
      Bernama  -  240 words
    • 625 16 GaOBHS? laaa THE DRAMATIC PURGE in the tin industry following the collapse last October of the international price-fixing cartel system has now improved the investment prospects for Malaysian tin mining companies, says a London stockbroking firm. In a Nov 20.
      625 words
    • 1937 16 INDUSTRIALS AJfeomoto (3006 3045) ID 302 Akoni (786) (9) 80 ID 805 ID 795 ID 78 17) 79 AiSB 1596 60S) 122) 59 18) 60 cd API 150 58 525) 12) 53 16) 52 ASM ***** ***** (2) 133 (32) 131 1441 132 cd Ar*<*
      1,937 words
    • 118 16 HONGKONG Hongkong Index Mr.idoy *****0 Friday *****1 Week ago 1488 53 Hang Song Index Monday 2452 15* Friday 2418 75 Week ago 2343 59 All Industrials Monday Friday Week ogo NEW YORK Dow Jones Friday Thursday Week ogo ***** 2191 7 ***** *****3 Closed *****6 TOKYO Nikkei Average
      118 words
    • 232 16 Monog»rV prices for Dk 2 Singapore Unit Trust Th« Commmc* 088 095 Th# Sov>ngs 081 087 S'por* Prof htnd 035 039 S'por* Smchtnd 059 064 S'pof ir*w Fund 068 0 73 S'pof* Equity Kmd 041 045* Asia Unit Trust Mot Fund 122 132 Mol P'Ofl Fund 036 041
      232 words
    • 481 16 LIGHT bargain-hunting helped the Kuala Lumpur stock market check its slide yesterday. The buying. however, lacked strength and prices were only able to close mixed. Right from the opening bell, dabblers centred their attention on lower liners, which were able to finish with moderate gains. Blue
      481 words
    • 429 17 THE SLUMP in the hotel and property industry is continuing to put pressure on the performance of Faber Merlin Bhd. A pick-up in these two core businesses of the group is very unlikely in the near future. For the year ended June
      429 words
    • 227 17 Reuter A BRITISH Trade and Industry Department spokesman yesterday said inspectors have been appointed to examine suggested misconduct in connection with affairs of Guinness PLC in connection with its shareholder membership. The British government has not said what specifically is being investigated. Neither would the
      Reuter  -  227 words
    • 134 17 UNITED OVERSEAS BANK Ltd has appointed two new directors, one of them the brother of chairman Wee Cho Yaw, and the other Tan Keong Choon. Wee Cho Bian, the chairman's brother, took up his post at UOB yesterday along with Mr Tan, who is the
      134 words
    • 123 17 INTRACO LTD is in the process of reviewing its operations as well as those of its subsidiaries and associate with a view to rationalising operations. It is expected that certain companies within the group will be voluntarily wound up (particularly dormant companies) or divested following
      123 words
    • 344 17  -  By AMY CHEOK INTERNATIONAL Wood Products Ltd, controlled by East Malaysian businessman Tan Sri Wee Boon Ping, has managed to trim its losses for the first six months of the financial year. Interwood said the suspension of several loss-incurring operations and the
      344 words
    • 124 17 Bernama PROPERTY-BASED IGB Corporation Bhd has taken over Plaza Permata Management Services Sdn Bhd, a dormant Malaysian company that will soon be used to provide management services for shopping and office complexes. In a statement released yesterday, IGB said that it bought Plaza Permata, which
      Bernama  -  124 words
    • 330 17 REPLYING to queries from the Stock Exchange of Singapore, United Industrial Corporation Ltd said its disposal of 34.1 million shares in Tai Sang Land Development Ltd for HKS52.8 million was a commercial decision. The shares were purchased at HKJ1.56 per share and sold at the same price, thus
      330 words
    • 475 17  -  By ELAINE KOH KEPPEL CORPORATION and three members of the Australian conglomerate Elders IXL are engaged in a US$l4 million dispute. Keppel is claiming US$l4 million from a deed of indemnity given to it in 1983 by an Elders subsidiary, which was then known
      475 words
    • 468 17 MBT circles, it seems to be forging ahead and may eventually emerge as among the first of Malaysia's financial supermarkets. It will not come as any surprise if the group grows into a financial services institution akin to groups such as Sears and
      MBT  -  468 words
    • 697 17 Current peyment Ex date Books doM Dole poyobto Total tar ■to year Total tor toal year AIN 13'/j%l Aug 19 NYA NYA 13'/.% 27% A 1 S 5% lb) Dec 5 Dec 17 Dec 23 5% 10% A Enterprises 3%l No* 11 Nov 21 Dec 10 3% 22%
      697 words
  • Page 16 Advertisements
    • 351 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 185 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF YING CONSTRUCTION (PTE) LIMITED 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 Monday
      351 words
    • 328 16 ARMIDALE INVESTMENT PTE LTD (In Voluntary Liquidation) At an extraordinary general meeting of Armidale Investment Pte Ltd held on 29 November 1986, the following Special Resolutions were duly passed > 1. Resolved that Armidale Investment Pte Ltd be wound up voluntarily and that Messrs Roger Philip Edmonds. Jeffrey Heng Ghee
      328 words
    • 174 16 WELENG PTE LTD (la VduUry UqaMattaa) NOTICE OF PINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap 185 a final general meeting of the abovenamed Company will be held on Monday, the 29th day of December 1986 at 11.00 a.m. at the office
      174 words
    • 133 16 Keep yourself constantly informed of the latest developments in Japan's Steel industry by regulaily subscribing to flapon Stffi&m. JAPAN STEEL JOURNAL, the one and only English daily journal in Japan, supplies quick, accurate and authentic news on principal events in Japan's iron and steel industry. It also closely follows daily
      133 words

  • Page 17 Advertisements
    • 75 17 Nature Pollen Fomes Japomca Undertaken by our agricultural plant KAILONG ENTERPRISE CORPORATION P 0 BOX 3306 TAIPEI. TAIWAN ROC TELEX ***** TAHUE CABLE HUILIYCEA" TAIPEI There's only one way to discover how one of Singapore's 50 best restaurants scored EXCELLENT for its food, wine and service, but only moderate for
      75 words
    • 10 17 M anagers ust anage BT shows you how every Monday.
      10 words
    • 146 17 ARTHUR ANDERSEN ASSOCIATES, PTE. Presents DEVELOPMENTS Half-day seminar on December 11,1986 230 pm to 530 pm at the Sheraton Towers, 39 Scotts Road, Singapore 0922 PROGRAMME The Seminar will include: Current Financing Techniques. Recent Business Economic Developments in the People's Republic of China. Workshop sessions on recent tax developments in
      146 words

  • 330 18 SMOKING might be made illegal for those under the age of 18, the Health Minister suggested. Dr Richard Hu, also the Finance Minister, said yesterday that this was one of the proposals being studied to combat smoking in Singapore. Other measures include
    330 words
  • 287 18 IF SINGAPOREANS wish to attain a higher standard of living, they must be outward-looking, First Deputy Prime Minister Goh Chok Tong said yesterday. For the domestic economy will not gallop at the same fast pace as before. It means not only working overseas, but also
    287 words
  • 161 18 AP JAPAN'S large manufacturers have cut 20,000 jobs since last autumn, largely because of the negative effects of the yen's rise against the US dollar, according to a government survey released yesterday. The survey of employment at 110 large companies in 17 mining
    AP  -  161 words
  • 418 18 Reuter THE CRISIS over US arms sales to Iran sent the value of the dollar to its lowest in around six years in European foreign exchange markets yesterday while the price of gold rose. The dollar began in Frankfurt
    Reuter  -  418 words
  • 514 18  -  By FOO CHOY PENG, Chief Reporter THE BIG SHIFT of operations to Singapore by Japanese investors is expected to lead to a strong surge in the output of consumer electronics products next year. Although manufacturers contacted by BT are unable to put a figure on
    514 words
  • 152 18 Bernama THE MALAYSIAN government cannot restrain the flow of money either out of or into the country because it practises a liberal system. Deputy Finance Minister Datuk Sabbaruddin Chik said in Kuala Lumpur. He told Parliament yesterday that M 53.512 billion had flowed out of
    Bernama  -  152 words
  • 105 18 Bernama PENINSULAR MALAYSIA'S industrial production index rose to 156.0 in September, up 6 per cent from August and 15.13 per cent higher than the corresponding month last year, said the Statistics Department yesterday. The index measures the rate of change in the production of industrial
    Bernama  -  105 words
  • 103 18 Reuter COMEX gold futures gave back part of their gains on scattered selling early yesterday after an early rally failed to surpass the highs set in overseas markets. Gold for delivery in December still held a fair-sized advance of US$6.BO at U*****.70 an ounce, with the
    Reuter  -  103 words
  • 69 18 Reuter WALL STREET stocks came under heavy selling pressure in early trading yesterday. Blue chips, which provided most of the market's spark in the past few weeks, were the target of most of the sales. Weakness in the bond market also contributed to the stock decline. The
    Reuter  -  69 words
  • LATE FILE
    • 39 18 Reuter WESTERN EUROPE must tear down barriers between national telecommunications systems to avoid its economy falling behind the US and Japan, the Roundtable of European Industrialists said in a report in Stockholm yesterday. Reuter
      Reuter  -  39 words
    • 46 18 Bernama THE CONCEPT of an Asean power grid system is an ideal one since it wilt enable the sharing of power resources and strengthen cooperation among Asean nations, Malaysian Energy, Telecommunications and Posts Minister Datuk Leo Moggie said yesterday. Bernama
      Bernama  -  46 words
    • 57 18 Reuter THE INDIAN Parliament yesterday agreed to set up a tribunal to hear appeals from traders and businessmen to settle tax disputes more quickly. Janardhana Poojary, Minister of State for Finance, told Parliament's Lower House that the proposed tribunal would exclusively try excise and customs
      Reuter  -  57 words
    • 51 18 Reuter POLICE fired in the air in New Delhi yesterday to disperse rioters protesting against Sunday's killing of 24 Hindus by extremists in Punjab as Indian Prime Minister Rajiv Gandhi put security forces in north India on full alert. "Delhi is tense," a police spokesman
      Reuter  -  51 words
    • 69 18 Reuter PHILIPPINE Defence Minister Rafael Ileto said yesterday that a 60-day ceasefire agreement with communist rebels should be given a chance to succeed and called on the military to support it. He told a meeting of senior military commanders: "Let us not harbour a rigid
      Reuter  -  69 words
    • 49 18 UPI LESS than half the male black population would be willing to sacrifice their jobs in the struggle against apartheid, a survey published in Johannesburg yesterday said. Three-quarters of those queried said that negotiation rather than violence held the key to black political freedom. UPI
      UPI  -  49 words
  • Page 18 Advertisements
  • Page 18 Miscellaneous
    • 54 18 saaasma Outlook: Showers over uvtnl areas in late afternoon and early evening Report for 24 hours prior to 7.30pm on Doc 1 at the airport: Maximum temperature 31.2 Aaaodated humidity 66 Minimum temperature 23.4 Aaaodated humidity 97 Hours of sunshine 7.20 Rainfall In millimetres 26.9 Rainfall thia month 26.9 Rainy
      54 words

  • SHIPPING TIMES
    • 272 19 Bernama MALAYSIAN International Shipping Corporation (MISC) has expanded its bulk shipping services to include ports in the Philippines and Indonesia. Currently, timber, palm kernel expellers, copra and copra expellers are collectively shipped from Malaysia and these regional ports to destinations in Europe.
      Bernama  -  272 words
    • 386 19  -  By SHAHRIR ARIFF MAJOR sea-air cargo operators should cooperate and arrange weekly air charters to ease the space shortage the industry is now facing. Mr Alfred Hofmann, managing director (Singapore-Malay-sia) of Nakufreight (Singapore) Re Ltd, said this could help to clear up to 40
      386 words
    • 192 19 OCL changes name to P O Containers Ltd OVERSEAS CONTAINERS Limited has announced that from Jan 1, 1987, it will operate under the name of P O Containers Limited. Having become part of the P O Group earlier this year, OCL will thus blend the well-known initials of its P
      192 words
    • 239 19 Lloyd's List NORWAY'S plans to set up a cost-saving international ship register could be advanced nine months by a major government initiative to be taken before Christmas. The president of the Norwegian Shipowners' Association, Peter Smedvig, said it now cost between NorKr4
      Lloyd's List  -  239 words
    • PORTSIDES
      • 74 19 Reuter PAKISTAN yesterday cut its bunker price to US$79 per tonne from US$B5 following requests from shipping companies and a fall in international prices, oil dealers said. It was the third recent cut in bunker prices. Prices were reduced in August, to US$97 from US$lO6, and
        Reuter  -  74 words
      • 68 19 THE PORT of Singapore Authority will be giving long-service awards to 216 employees on Dec 8 at 7.15 pm at the World Trade Centre Auditorium. The award recipients are employees who have retired after serving the PSA for at least 20 years. Mr Wong Hung
        68 words
    • 472 20 THE BEN LINE STEAMERS, the Edinburgh-based shipping and offshore drilling group established in 1825, has announced a major financial restructuring as part of its five-year business plan. The main objective of the restructuring arranged between the board and the group's bankers, is to
      472 words
    • 299 20 AP THE RICHEST treasure ship ever discovered could yield US$l.6 billion in gold, silver, emeralds and historical artifacts, said a wealthy American treasure hunter. The Spanish galleon Nuestra Senora de la Maravilla sank along the Bahama banks in 1656 with a full load of central
      AP  -  299 words
    • 218 20  -  ay Kingsley Wood TNT BULKSHIPS Ltd has become TNT Shipping snd Development Ltd to reflect its wider scope of activities which now extend well beyond maritime affairs. For some years it has been searching for openings away from the declining maritime field
      218 words
    • 128 20 AFP A CHINESE survey ship left the south Chinees port of Guangdong on Bunday on a 130-day maiden voyage in the Pacific intended to help China utiliae maritime reeourcee. According to the New China News Agency, forty scientists aboard the Haiyang No 4 will
      AFP  -  128 words
    • 708 20 AB Shpg V 5 Accord Shpg VI 3 Alltrons VII 3 Anro Service IV 2/3 ANl 1 1/2 ARC Line V 4 API III 2/3 ASCI III 1 Balt-Conoda Line VII 4/5 Bait-Orient Line VII 4/5 Bank Line V 5 BBS II 4/5 Ben line Cont V
      708 words
    • 1124 20 DETAILED chartering was vary thin on Friday on the London shiping frieghts market after Thursday s Thanksgiving Day holiday in the United States Although little representative fixing materialised the mood of the North Atlantic bulker market was decidedly bearish as the week ended. Gain fixing was confined to
      1,124 words
    • 175 21 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
    • 170 21 FT HAPAG-LLOYD and Hamburg-Sud. the two leading West German shipping groups, have announced a cooperation agreement in which each will withdraw from a major international trade route. Under the agreement, HapagLloyd will cease trading between Europe and the east coast of South America, while Hamburg-Sud
      FT  -  170 words
    • 403 21 Lloyd's List THE MINIMUM WAGE RATES set for seafarers on more than 2,000 flag of convenience vessels are to be held for the fifth year in succession. Leaders of the International Transport Workers' Federation (ITF) last week resisted a proposal to
      Lloyd's List  -  403 words
    • 604 21 Reuter GIANT WHIRLPOOLS, some nearly 100 km wide, have been detected moving along Norway's coast at speeds of up to four knots, posing serious threats to mariners, especially in the offshore oil industry. Unlike the more dramatic maelstrom off Norway's Lofoten Islands, which in
      Reuter  -  604 words
    • 115 21 Reuter NEW OFFERS are being sought for the remaining seven vessels of the Lauro merchant and passenger fleet, put under controlled administration in 1982 after a financial collapse, said a spokesman of the Italian Industry Ministry. The decision to invite new bids came 10 months
      Reuter  -  115 words
    • 100 21 Reuter UGANDA has announced a US$l5O million plan to rehabilitate its rail and shipping system with neighbouring Kenya and Tanzania. Charles Karamaji, managing director ot the Uganda Railway Corp, said half the money will be spent on re-laying the track from Kampala to Kasese. The line carries
      Reuter  -  100 words
    • 259 21 AFP A BURST of chartering of ultra large (ULCC) and very large crude carriers (VLCC) out of the Gulf states area during the past week was attributed by tanker brokers to buyers' anticipation of possible Opec action to boost prices at next month's meeting. London brokers E A
      AFP  -  259 words
    • 263 21 AP BRITAIN says that its naval vessels have started spending longer periods in the Gulf following increased raids on tankers and freighters there. "It has been decided that recent developments in the Gulf require appropriate flexibility in the amount of time
      AP  -  263 words
    • 7350 26 QQGJBIjyDBtB A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      7,350 words
    • 792 27 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival for LCL movement Ship Voy dote/time Operator cargo schedule Location TW Bridge 34E 02 1286 1600 Kawasaki F5A 0700-0000 B3 Koto Machon 8622 02.1286 2100 Eastern M F7 1200-1300 17 B Kemuuning 98N 02.12.86 2300 S'pore Shpg
      792 words
    • 1740 27 Who acts for whom The leading shipping lines operating from local ports and their agents A—B A Top Enterprises Pte Ltd Same (S) AB Shipping Boustead Shpg Agencies Afea Line African Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK)
      1,740 words
    • 635 28 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Coral Star <20 NTYSS alongside 0212/1500 Eastern Glory K2B S pore Shpg alongside 0212/1500 Hoti Baik •C19 Kie Gwan alongside 0212/1500 Jmfeng K33 Pll alongside 02 12/0600 Nedlloyd ling* (CIS Ned-EAC alongside 02 12/1200 QiKiashan KIS Y
      635 words
  • Page 19 Advertisements
    • 563 19 (lumilH I s H 1M 1 )ii M 1.1 l MMWK SMPPMG AGENCfS (R«f lb. *****4/ OOK) \l|H/ < 200 Cantonment Road #1205 SouthpoMrt. Smeapoff 0201 ■tllllW T ??180H TELEX NG RS ***** PGuftftS*! TERMAAL/CfS Tel *****18 220 L Vast J boomics id *****34 23s PESMA JARDSC SVFW AGENCCS SO*
      563 words
    • 73 19 THE BEN LINE STEAMERS, the Edinburgh-based shipping and offshore drilling group, has announced a major financial restructuring as part of its five-year business plan. Page II THE MINIMUM WAGE RATES set for seafarers on more than 2,000 flag of convenience vessels are to be held for the fifth year in
      73 words
    • 945 19 I OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****33 MAERSK LINE FAST TRANSIT TO MIDDLE EAST SINGAPORE/DUBAI 8 DAYS SINGAPORE/DAMMAM 9 DAYS tINGAPQRE/BAHRAIN 10 DAYS INGAPORE/KUWAIT 11 DAYS Voy S" pore EXPORT TO USA.
      945 words

  • Page 20 Advertisements
    • 430 20 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO KIMTERRANEAN AND EUROPE ALSO ARABIAN GULF AND INDIAN SUB CONTNUT WILE Of JUPITER MILE K MERCURE WILE Of URANUS too jcceptnj cjrp to 4 UK fcttoubora. Sc>n*uinan (iartas. Cop«rtvii«i 6edw*et) mi oft* OUTBOUND TO MEDITERRANEAN Aho acccpbnf
      430 words
    • 363 20 EUROPE/FAR CONVENTIONAL SERVICE TEL: 03-*****50 MALAYSIA SON. BHO. TLX: ***** MTM Frt. Booking contact Miss Qan PT KLANG S PORE LDG FOR Further load/ discharging ports an route subject to sufficient inducement. Singapore Agent Goodrich Maritime Pte Ltd. Tel: *****35 Tlx: RS ***** GRMSIN Supercarrier Service MJI H' IMHI l»>i-W.','
      363 words

  • Page 21 Advertisements
    • 825 21 The Straits Steamship Group Mansfield Container Shipping Pte Ltd Oversea* Containers Limited CONTJUNtRSHP SERVICE TO UK/CONTMENT: STRAITS SHIPPING Singapore to Sabeh, Sarawak, Brunei Ports and Bangkok Ajjo Accepting Cargo For: IHHHK to AjHms GfttMflbwf Mjfcno StockMn. Heta Estteriam It Mvay, (toil lei in Osk gSS to IK destpiaboro Boßast and
      825 words
    • 848 21 Franco Belgian Services gfa <r I .I*l f r.-rt. hr. i. >. ith I r I ,~1, rn (MEMBER OF ACE CONSORTIUM) canhp gma 10 mot STOK PKELUK It Haw Ita FttMt Ham rHm* tat 3Dk (II DK) 22 OK 23 DK 27 Dtc (24 Dk)24 OK 29 OK THWCWORD
      848 words

  • Page 22 Advertisements
    • 462 22 100 Years iH S Liner Shipping Far East 1886-1986 U Hapag-Uoyd TO CONTINENT/UK EXPORTS Osaka Bay 4/12 «/12 23/12 25/12 27/12 Bremen Etpress 12/12 14/12 3/1 5/1 7/1 Bffuvon 14/12 21/12 S/l 10/1 12/1 Liverpool Bay it/II 21/12 15/1 17/1 19/1 My oi Edrtwfti 4/1 6/1 23/1 25/1 27/1 Bcnaider
      462 words
    • 492 22 Xu* l ]t£.&.LINE Ml* SMWaI flttir CONTAINtRISfD 10 FROM NORTH AMfRICA WES! CO*" r CONVENTIONAL SERVICE TO PERSIAN GULF SARU AC 15 CRYSTAL REED 25/11 •ALSO LDG M KUANTAN L OACMNG FOR 06. DM. BH. ABOHABI MCT DUBAI. DAMMAM. KUWAIT GENERAL AGENTS: CROWN MARINE CO (PTE) LTD TEL: *****88 (9
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    • 441 22 KL Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines). TLX RS ***** RS *****. IB EASTERN CAR LINER. LTD. STRAITS/JAPAN/STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS loading at appropriated Berth P4-P5 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG. TAIWAN I CHINESE PORTS. SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE
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    • 1013 22 m EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) sgp hkg use klg pus o» ito ks* cms wrc EVER GLEAMY 10/12 14/12 li/12 11/12 12/1 16/1 20/1 (VER GOLDEN 17/12 21/12 23/12 25/12 20/1 24/1 7/J EVER lAUREI 21/12 27/12 29/12 11/12 »/i Vi EVER GATWR 11/12 4/1 C/l
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  • Page 23 Advertisements
    • 806 23 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 1 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE RED SEA/EAST AND WEST AFRICA SERVICE KARACHI/M.E. GULF SERVICE CHINA SERVICE BANGKOK SERVICE INDONESIA SERVICE VESSEL KOTA BERLIAN VOYAGE IS/M SINGAPORE BANGKOK 3-4/12 7-11/12 I VESSEL KOTA ANGKASA
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    • 818 23 BENLINE CONTAINERS Out a B4»* Bremen f ip EXPRESS CONTAINER STOW P KIANC lay' 4/12 6/12 EiprMS* 12/12 14/12 i U/12 21/12 liraipaol Bit 26/12 21/12 City K EMwfk 4/1 (/I r 11/1 IJ/1 i Bay 19/1 21/1 lay 25/1 27/1 TO UK/CONTINENT Cardan Bat 19/1 Ttkyo Bii 25/1 FiaMhrt
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    • 563 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESUM LLOYD P.T. SAJNUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EOROPE SuDject to Inducement, Also accepting cargo to Casablanca, Port Said, Port Alexandria, Gonoa, Triaata. ALSO AC CEP TUG BOTH CONT AVERS. CONVENTIONAL CARGO VIA T/S
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    • 464 23 BOUSTEAD SHIPPING AGENCIES PAGAN VIO6N PWYA VS6W PA Ml Vlo4* HTONETOA V2I9W V* BURMA FIVE STAR 'Burmese National Line) Loading for Rangoon Spore 4/6 Dec 7/9 Dec 14/16 Dec 11/13 Dec PJ(dan| Penanj BANK LINE express sem-cohtamer: NORTHBOUND TO UKC SPORE ROAM HULL H TAUSALA SAMOA V 8 14/12 10/1
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  • Page 24 Advertisements
    • 1350 24 ECUADOR/PERU/CHILE FEEDER *51 MO THE! *51 SIM *53 188 *51 K LINE KAWASAKI KISEN KAISHA. LTD. SNK HUC PNC !l Nrt 21 Nn M Nrr spore KOK 2 DK 11 DK GUAYAQUR CM lAO AUCA 2 lan 10 lan iQUtQUE AFAGASTA S AHTORO VMPMMSO Ula CENTRAL AMERICA/CARIBBEAN SEA ranoi *51
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    • 554 24 a AUSTRALIA EXPRESS CONTAINER SERVICE STtCHPttR V 9 16 Dec AIABAi) V3l 31 Dec SUafftß VlO 19 ton "»ww MUIII Accepting FCL/FCL ContMMri S**apofe P Keianc Pena«| load«t tor 2 OK thMoH I 12 Ok Cafcatta kb*nDb<( Hi*n/IMiC*atliC'C«i| 12 OK 12 OK I OK OK II Ok II OK 21
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    • 873 24 Tsn GOLDEN LINE S ttV GUAM GUAN SWPMG (PIE) LID 21. IfM Ayr SbrK smcapore oim m smjmi hi utsi STRAITS/PERSIAN GULF SERVICE: spo P«-«Rfc-« GOIOEN NOMXI Hi'**' Dub* Bjm»n GOIOEN KM Colombo *»<*!» Oub* I* Nrt 14/12 Ok CHMA OCEAN SMPPMG CO., PEKM6 THE PEOPLE'S REPUBLIC Of CWNA P.RLANG
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    • 428 24 INTRASEA (PTE) LTD. 10 Anson Road »27 16 Internationa 1 Pia/a Singapore 0207 Tel *****1 1 (1 0 Lines) VOAASIA-iin o BREAKBULK SERVICE TO EUROPE/UK S p mt P KcUnf L*a*« tarKARRU 8M6927 8/12 9/12 ROT/ANT/BREIO/ESBOC/ UK (AVON) DOOYANG FRONTO *****29 7/12 U/12 ROT/ANT/UK (AVON) I "S3 PHIL I IRON
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  • Page 25 Advertisements
    • 622 25 AfMltS S pore Id No Office 2imv \\NEPTUNE ORIENT LINES LTD BKSESES2S FAR EAST/EUROPE FULLY CONTMNBUSED SERVICE of ttM ACE Consortium ICPTUH AGENCES PTE LTD f[ CUAUSI TPA/SEA Termnal CPf BOOKMGS *****71 *****53 *****47 *****77 *****53 *****47 OR MRICI IMS *****1) *****16 NEPIBf SON BH) *****87 *****45/ *****53/*****76 NEPIINE SON
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    • 510 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P.KELANG, PENANG, BUSAN, INCHON Vet Mfc No S Omm 60M Ooof Ah um No i Donjm (lON No t OnuiTi HM No 7 Onum (lON rm (io N* Dorian (lON No Dwum (11 TBI. (11 Ik I Oonjm 701N TBI 701
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    • 624 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUHMNG 55. Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telei Numbers RS ***** RS ***** RS ***** P KELANG PiNANG M/S SHARKAT NAH SOON SON M> IST ANO 2ND FLOOR. MESSRS HM THONG SHTPMG
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  • Page 26 Advertisements
    • 265 26 [jfrfflU REGIONAL CONTAINER LINES TO BANGKOK (4 SAILINGS A WEEK) IM?IIWH.gTITggmMBEHE py i'.' sll a mum ejmji EEUE rfmn i wr*h ***1 »*< rnnl^yi!JHftJiUCr^AuE^E TO SOUTH THAILAND PITM ti/i *m 8191 cm VI rm mm m TO P.KELANG PENANG (2 SAILINGS A WEEK) i'i ■"•'.iiiv 1 1 r l.'l I'll'llV
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  • Page 26 Miscellaneous
    • 168 26 Regional Weather n 2'l m J 2s V > > i L* f e mm 3K Is c C) Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather r/ w "»d direction with speed
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  • Page 27 Advertisements
    • 123 27 *****88/*****56/*****48/*****93 3(*****/4 TEKMMAI *****81/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 *****8/*****8/*****5 *****22 n ,r -MCT|[^j^3ugTTinTTTiTMgiTmrT7TTTynrryTT-w ii 'iJ':'-iii3iiaECZ^WmEZmEflrc w ''n*E' TT 11 '■/"<i[l23[gj3TTjj|nTncT^MmTfTTT''—gric?f irm ii 'it: KTmT—roTTTTTTHWnTI i ii- rcirr^TgrmuETßTi ii 'it:.rnanrr^MßiTitiiMgyM i»''j''6iniiMr7 MfnirTTMiTinrr w Twgiwni ALSO ACCEPT* FOR: AKTWWLMARVE, IK. BREMEN. COPENHAGEN, OSLO ALSO ACCEPTHG FROM EUROft: «T¥, HAM.6OT, UK. ANTWERP, OSLO, CPH, AAXHJS
      123 words
    • 199 27 VAN OMMEREN BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: KK Tf. Mm STORE PT MV SOUTH6ATI Sailed Sarted VOl Sete/Rott/ Antw/ UK (Til) Rott/Antw/ UK (Ti)/ Sete Nantes LOOSTKDC VO-3 17/121 20/12 Rott/Antw/ UK (Til)/ Sete/Nantes •Also loading from Indonesian Ports Agents: SINGAPORE: CALICO SHIPPING PTE LTD Tpl: *****66 Tlx
      199 words
    • 205 27 MN CONTAINER LINE AUST/N2 SERVICE PJQJNG 15/12 ALSO ACCEPTING TIBER; LCI/FCL TO:BOMBAY DURBAN CAPETOWN PORT LOUIS LCL/FCL TO s Bookings: iMAC-NELS AGENCIES PTE. LTD. *****44 (20 Unas) MAC-NELS (MALAYSIA) SDN BHD. MAC-NELS (PENANG) SDN BHD. P. Kelang Tel: (03)*****78/*****07/*****77 Penang Tel: (04) *****6. *****2 Scan Dutch tf MBMMRMNR TO EUROPE
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  • Page 28 Advertisements
    • 196 28 PftP-l ASIASAILINGS EVERY TUESDAY ACCEPTIMQ CARGO (LCL A FCL) FOR: DAKAR, FREETOWN, MONROVIA, AMDJAN, TEMA, LOME, LAQOS* DOUALA SniC.iporp Agents RAKKI SIMf DARBY SHIPf'INIi Plf III) M YiSIOM S INTEROCEAN LINE TEL: *****34, *****94 TLX NO. MA ***** ACCEPTING CARGOES FOR THE FOLLOWING PORTS LOADING FOR LCL/FCL AUSTRALIA SYD. MELB,
      196 words
    • 214 28 S' K& S LINE JAPAN STRAITS SERVICE SANKYO LINE (S) PTE. LTD 143 Crci Stfft .-.'1004 I'.H Ridding {HWr 010* If I Purl Hcijnj lifj Pmj Sdn Rh.f Tel 3t«B^C. 1 4 Prnj'if Mjl.hmj I'.idf k Ttjnspotl ltd lei 04 61*893 Pjm» (liirtjiif M,lj>s .)n Shipping Iffo. rs Siln Bfii
      214 words
    • 331 28 k\ h Vv r £■<.-/} t m Milsri OS K Lines Ltd CONVENTIONAL/SEMI-CONTAINER CONTINENTAL PARTNER 7 Dec Mombasa, Daressalam MORNING GRACE 21 Dec Mombasa, Daressalam ASTRA PEAK 26 Dec Port Louis. Reunion iT AFRICA ELBE-D 12 Dec Apapa, P. Harcourt, Warri ENCOURAGEMENT 11 Dec P Notre. Abidjan. Monrovia. Lome Contonou,
      331 words