The Business Times, 17 February 1987
1987-02-17
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The Business Times
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Title Section12 1987-02-17 1 BUSINESS TIMES M.C. <P> No. 112/12/86 TUESDAY, FEBRUARY 17, IM7 75 CENTS12 words
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Article, Illustration211 1987-02-17 1 Exchange raits THE SINGAPORE dollar rose slightly to $2.1425/35 ($2.1440/50) against the US dollar in the forex market yesterday. It fell to $3.2694/2731 ($3.2503/39) against The local unit was unchanged vis-a-vis the M$, but fell against yen and DM. US$: 153.40/50 yen, 1.8135/45 DM, S$2.1425/35 it US$US$211 words
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Article, Illustration604 1987-02-17 1 BOEY KIT YIN - Record sales due mainly to surge In demand from US By BOEY KIT YIN SINGAPORE'S clothing and taxtile industry bouncad back from a dismal year in 1985 and chalked up record exports worth more than $1.2 billion last year. The 22.7604 words
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Article, Illustration264 1987-02-17 1 THE SINGAPORE stock market rally continued yesterday with attention again focused on Malaysian counters and local blue chips. The Straits Times Industrial Index posted a gain of 10.51 points to close at 1,027.03. The all-sector BT Composite Index rose 6.71 points to 910.50. Trading was hectic264 words
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315 1987-02-17 1 Bernama STRINGENT LAWS alone would not guarantee prevention of criminal breach of truat in Malaysia in spite of their deterrent nature, Malaysian Deputy Prime Minister Ghafar Baba said yesterday. Mr Ghafar said that the government could not do more than this, apart fromBernama - 315 words
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Article50 1987-02-17 1 Bernama MALAYSIAN Deputy Prime Minister Ghafar Baba said yesterday that there was no three-man team comprising him, Prime Minister Datuk Seri Dr Mahathir and Education Minister Anwar Ibrahim for election to top party posts during the April general assembly of the United Malays National Organisation. BernamaBernama - 50 words
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Article, Illustration435 1987-02-17 1 Reuter US TREASURY SECRETARY James Baker said yesterday that the dollar was not in a free fall on the foreign exchanges and that the recent trading in which it had weakened in value had been orderly and moderate.Reuter - 435 words
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432 1987-02-17 1 SINGAPORE has made it clear that Malaysia has to resolve a pending issue involving the reexport of Australia-made electric jugs before it would resume the testing of three electrical products from Malaysia. This was the crux of a discussion432 words
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142 1987-02-17 1 Reuter ALMOST 9,000 Indonesian civil servants had been disciplined by the government for corruption over the past three years, a Cabinet Minister told Parliament yesterday. Saleh Afiff, the State Minister for Bureaucratic Affairs, said in Jakarta that 8,650 civil servants hadReuter - 142 words
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Page 1 Advertisements
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Advertisement52 1987-02-17 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM BUYING SONY FLOPPY 1. Sony "technology 2.100/ certified error free 3. Easy to handle 4. Lifetime warranty 5.256K bytes storage capacity SONY MD-C SONY 2D ONE STEP AHEAD SONY SINGAPORE PTE LTD 10 Dundee Road Singapore 0314 Sales Division Tel *****44 •Customer Service Division52 words
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Advertisement304 1987-02-17 1 Useful v Useful THE FASTEST-SELLING product at some American department stores is something which cannot be worn, eaten, displayed or used to help in household chores. It costs as little as U556.75 per month. And Americans seem to find it very useful. Find out what it is and why there304 words
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Advertisement34 1987-02-17 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Cartier r s ®l Mil rfLl BOUTIQUE ky mu/f dp Cartier #01-36, Lucky Plaza. 304 Orchard Road. Tel: *****27. #01-04, Hilton International Singapore. 581 Orchard Road Tel: *****95.34 words
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HOME NEWS
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492 1987-02-17 2 SOH TIANG KENG - By SOH TIANG KENG Financial Correspondent DRAFT LEGISLATION enabling the government to raise its current borrowing limit of $15 billion and to introduce scripless trading in Government securities has been completed. The legislation is in line with plans for a new-look market for492 words
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Article, Illustration249 1987-02-17 2 MEMBERS OF THE Commission of Inquiry into the collspse of Hotel New World presented their report to President Wee Kim Wee yesterday, four months after the hearing. The report will be made public following its approval by Parliament. The 15-year-old Hotel New World, a249 words
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137 1987-02-17 2 TELEPAC, a remote computer access service, has been extended to the Philippines starting yesterday. A similar link-up with Ireland will begin from Feb 23. The Telecommunication Authority of Singapore said yesterday that a telefax service had alao been simultaneously opened up with the Philippines.137 words
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233 1987-02-17 2 IGNORANCE has left more than $4 million earmarked for the upgrading of industrial workera largely untouched. Few workers know about the Industrial Workers' Education and Training Fund, said the NTUC secretary for labour, Mr Lew Syn Pau. The IWETF scheme was designed to help233 words
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311 1987-02-17 2 AN OIL EXPERT believes that recent international developments in the oil industry will benefit Singapore refineries. Or Fereidun Fesharaki of the East-West Centre, in Honolulu, yesterday predicted that there will be an increased flow of crude oil to Singapore refineries in the second,311 words
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Article, Illustration322 1987-02-17 2 MORE THAN 790 people from the Asean region have received training in Singapore in the past 15 years in diverse areas such as telecommunications, management of Central Provident Funds and laboratory techniques. These people received training under the Asean Training322 words
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Article245 1987-02-17 2 TELECOMS has clarified some points in the BT report "Telecoms to open up local maintenance market", published on Feb 12. The report stated that "businesses will be able to buy PABX extension lines from private suppliers, or buy existing lines from Telecoms at depreciated prices". Telecoms said245 words
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337 1987-02-17 3 VOSPER-QAF, a Singa-pore-based naval technology company, is currently pursuing international business worth $600 million, according to the company's managing director, Mr Brian F M Morrison. This was disclosed in a news release following conclusion of a design licensing agreement with a337 words
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225 1987-02-17 3 THE National Transport Workars Union (NTWU) is eeeking the reinstatement of a Singapore Bus Service driver who was sacked following an accident in which the roof of a double-decker bus wss rippsd off. The accident, which 'happened along Upper Thomson Road during the Lunar225 words
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Article425 1987-02-17 3 Seminars and courses DURATION Mar 2May 11 Mar 2 (commencement date) Mar 2 (commencement date) TITLE Contract Administration How to Handle Company and Pesonal Taxation (Mandarin) l/S Security and Controls VENUE Construction House SIM Conference Room Institute ofSystems Science, NUS OftGANISa Singapore Contractors Association ltd Training Centre Singapore Institute425 words
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302 1987-02-17 3 AUTOMATIC PAGERS proved to be big sellers yesterday when they went on sale for the first time at Telecoms. According to a Telecoms estimate, 500 of the electronic gadgets were sold. Previously, pagers could only be rented from Telecoms. A Telecoms spokesman302 words
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Article73 1987-02-17 3 BUDDING Singapore entrepreneurs will soon have a new forum to turn to for guidance and assistance. The Alumni Association of the Massachusetts Institute of Technology has announced plans to form an MIT Enterprise Forum of Singapore grouping "to aid entrepreneurial development in Singapore". The forum has two73 words
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Article, Illustration477 1987-02-17 3 LEE HAN SHIH - By LEE HAN SHIH Property Correspondent THE FUTURE is not so gloomy for contractors in Asean for they can look forward to some of the US$7 billion worth of projects in the pipeline, a high-level Singapore official said last night. In fact, the contrsctors477 words
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426 1987-02-17 3 A FRENCH EXPERT on Hennessy XO Cognac trademark labels told a court yesterday that he found 17,246 bottles bearing counterfeit oval-shaped labels in an Alexandra Road warehouse. The bottles of brandy were allegedly sold by liquor and cigarette importer Ng Chye Mong Pte Ltd426 words
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500 1987-02-17 3 GOH YEE UNG - By GOH YEE UNG DELUXE HOTELS reported brisk business at their restaurants on Valentine's Day, boosting sales by 20 to 50 per cent above normal Saturday takings. At Westin Plaza and Westin Stamford, about 800 people packed500 words
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219 1987-02-17 3 EXPORTERS will be able to learn, at a forthcoming export factoring conference, the art of selling in the world's markets on open account terms without the risk of non-payment from overseas buyers. The one-day conference, which will be held on March 18, is219 words
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Page 2 Advertisements
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Advertisement340 1987-02-17 2 The Crown Prince Singapore. Where bigb expectations are quietly met. The business traveller to Singapore is out to do a job. As such, his expectations are higher than normal. We know these expectations very well. At the Crown Prince Singapore, it is a custom to meet every one of them.340 words
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Page 3 Advertisements
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Advertisement55 1987-02-17 3 »sr gMT? M t-.v ■S&-U.V. j <2 Korean Air wide bodied jet takes offfrom Singapore bound for Seoul With ten connecting flights to New York every week, it's a fast and easy way to fty. For full flight details please contact our Singapore office on *****11. HSREANAIR >XfcYe honored to55 words
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ASIA-PACIFIC
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349 1987-02-17 4 AP THE JAPANESE have launched an all-out effort to dominate the emerging field of biotechnology and take over the United States's lead, according to the industry's main trade group. "Japan as a nation has cited biotechnology for intense development," said Richard Godown,AP - 349 words
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181 1987-02-17 4 AFP TAIWAN is to remove non-tariff barriers to promote import trade, according to an official from the Council for Economic Planning and Development (CEPD). The CEPD, Taiwan's highest economic policy guide, is reviewing today existing import rules after discussions with various governmentAFP - 181 words
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Article, Illustration397 1987-02-17 4 Reuter AUSTRALIA'S balance of payments deficit has risen sharply, bringing more gloom to an economy already staggering under high inflstion and a huge foreign debt, according to official statistics released yesterday. The deficit doubled to A 51.29 billion (US$B5O million) in January fromReuter - 397 words
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162 1987-02-17 4 AP BUSINESS LEADERS in the Philippines have unanimously forecast growth for the Philippine economy in 1967, due largely to a new Constitution and renewed government efforts to attract investment and encourage exports. Leaders of the Philippine Chamber of Commerce Industries, the American ChamberAP - 162 words
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350 1987-02-17 4 AP CHINESE FINANCE MINISTER Wang Bingqian said the country should revive its traditional spirit of plain living and hard work to curtail consumerism, the official Xinhua news agency reported on Sunday. Wang told a national economic conference that the spiritAP - 350 words
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215 1987-02-17 4 AP PER CAPITA INCOME in Chinese cities rose 6 per cent in 1966 after inflation, while spending climbed 7.5 per cent according to a survey published yesterday by the weekly Beijing Review. The survey of 17,000 families in 106 larger cities foundAP - 215 words
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154 1987-02-17 4 AP CHINA has developed a lightweight pistol for combating hijackers and terrorists which uses special bullets that do not penetrate glass or airplane cabin walls. In a report on Sunday, the Xinhua news agency said the pistol, which is already being used byAP - 154 words
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Article892 1987-02-17 4 ARRIVALS Operator f otrvic# Local From number Mm* UA UA805 0100 SFO/HKG CM 0341 0155 m CAL 0337 0215 m FT FT75 0316 lAH/OtD/ANC/ CAL NtT/MHL/Tff 0331 0405 Jft SV SV398 0710 JED/KUH SiA SQ491 0610 8WN MAS MH68I 0620 KU MAS MHSl 1 0910 KN MAS892 words
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Page 4 Advertisements
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Advertisement146 1987-02-17 4 fMMfdi on sup#f* rIQ9 9 p„ nhaHi aIIH rot ■■■•uiDif cnfliivnyvi •uii facing Aquino, Pigc 7 Y *M^L o mmr^m 'fj W||L ft j| ***sr few S'rt> 1^« For Good Business Sense Key In To The Micro Officer 6000 J The latest hi-tech Chinese English zvard processor The Micro Officer146 words
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Advertisement191 1987-02-17 4 I I I I The business person's choice, every I I II \I I II II I Tuesdoy. Saturday and Sunday. I M Ml \J I fl \l Leaving Changi Airport at 22:05 I J- hours ond ornving Heathrow at 06:45 hours the following morning. Coll your Travel Agent or191 words
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Page 4 Miscellaneous
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Miscellaneous45 1987-02-17 4 Doonesbury B.Q. THIS IS SUCH AN HOHORTOBEASKBPW JOIN THE STATE TASK FVKCB ON SELF-ESTEEM! 1 w tn+. E *h •51 m *T*ff m BY GARRY TRUDEAU UHATAHKiHU'VB NEVER FEU SUCH... SUCH ELATION! EM, I THINK I%i ABOUT TOHAVEANOUT-OF-SORB WARS, BOOPSie. m r M r 3Ssa45 words
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REST OF THE WORLD
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419 1987-02-17 5 AP PHYSICISTS have achieved a breakthrough in super-conductiv-ity research that points to dramatically more efficient and cheaper electrical power, the US government announced. The researchers, at the University of Houston and the University of Alabama, have achieved super-conductivity the ability to transport electrical current withAP - 419 words
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Article336 1987-02-17 5 Reuter REBEL POLITICIAN Denis Worrall, who quit as South Africa's ambassador to Britain to stand sgainst apartheid in whites-only elections on May 6, has said that Pretoria should take more account of its Western links. "I think the government and I think many SouthReuter - 336 words
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468 1987-02-17 5 Reuter BESIDES FOUR WHEELS and a motor, what do Japanese cars built in Malaysia or Britain have in common with West German cars made in South Korea or Brazil and Italian designs built in Yugoslavia? Answer: they are all headed for the USReuter - 468 words
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362 1987-02-17 5 AFP THE REYKJAVIK SUMMIT last Oct 11 and 12 was ill-prepared by the Reagan Administration and ended in an "astonishing degree of confusion", according to a report by the House of Representatives Armed Forces Committee published in Washington on Sunday. It saidAFP - 362 words
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288 1987-02-17 5 UPI THE UNITED STATES and Soviet Union should swap at least one million citizens in a "peace hostage" deal to reduce tensions and provide a strong deterrence to nuclear war, an Ohio anthropologist suggested on Sunday. Such a plan would beUPI - 288 words
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Page 5 Advertisements
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Advertisement49 1987-02-17 5 Economic roallty restraining US policy, Pago 7 it ;tMl <1 > i, r t*iit.s' rnodt l by C'oultrc. Automat i< nun «mrnt with compU'U l calf-ndar. Available in SINGAPORE: Robinson's Centrepoint Cortina Watch Centre Nanking Watch Tigress Changi Airport MALAYSIA: GIL. Centre Hilton Hotel Woo Hing Bros (M) Sdn Bhd49 words
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Advertisement213 1987-02-17 5 Canon EXTRAORDINARY ryf A E*ee r «SIAS The amazing NEW Canon Now, for the very first time an advanced compact desk top facsimile that's also a multi-function telephone. As a G3 fax machine it is fast. Because it's so speedy, you save money in transmission time. one digit dialing gives213 words
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BANKING AND FINANCE
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571 1987-02-17 6 PETER JANSSEN - t*r PETER JANSSEN THE THAI Finance Minitflry Announced last Friday that two stateowned banks, the Krung Thai and Sayam banks, will "operationally merge" in an attempt to (fete* operating costs while bettor coordinating the banks' activitios the government's needs. Bank of Thailand (BOT) (pernor571 words
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Article342 1987-02-17 6 FT PROPOSALS for a reform of the Soviet banking system ar*> bfing discussed in Moscow. Ecohofltfcts have put forward a drift ttfrogramme of how to changfMfte banking system so that it CAg rtPV spond to the many econMAcT changes now taking place Soviet Union. 14 AccordingFT - 342 words
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139 1987-02-17 6 AP "A CONSORTIUM of nine Kuwaiti, tanks and financial institutions has Extended a US$l5O million syndicated loan to the Soviet Union, setting the stage for channelling Kuwaiti investments to Eastern Europe. The agreement was signed by Abdullah Al-Gabandi, the chairman of the Kuwait ForeignAP - 139 words
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Article236 1987-02-17 6 ASIAN DOLLAR deposit rates yesterday closed steady at opening levels. Among short-date», overnight was unquoted due to the US holiday. Tuesday/Wednesday and Wednesday/Thursday closed at 6-1/2 6-3/8 per cent each and week-fixed at 6-7/16 6-5/16 per cenL Asian dollar CD rates ended steady at the morning's level236 words
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Article, Illustration1175 1987-02-17 6 SINGAPORE: The US dollar closed marginally lower against major currencies in thin late trading yesterday. Dealers attributed the dollar's late weakness to tome European selling after holding steady for most of the day. Most operators were reluctant to create new positions due to the absence of fresh factors1,175 words
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Article112 1987-02-17 6 THE OVERNIGHT rate on tha Singapore interbank market closed unchanged at 3X per cent yesterday. The one-month term rate rose point while two- and three-month term rates each ended 1/16 point higher. S$ Interbank rates at 7pm yesterday: OHar lid Ow■right 3 1/4. 3 I-mm* 3 7/1« 3112 words
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Article552 1987-02-17 6 BA Futures MARCH Eurodollar opened yesterday at 93.51, down 7 ticks from its previous close and was pushed down to 93.46 in thin trading in view of the holiday in the US. Lift© opening saw prices remaining depressed with the March contract closing at 93.45, down 12 ticks. USBA Futures - 552 words
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Article218 1987-02-17 6 Interbank rates at 3pm yesterday: Cunoncta* MmnM ram MtaMhi BM 01tar Local dollars to a so unit of foroign currency: US doftar 2.1425 2.1435 2.8196 -24.01 Stiffaq pound AmliuMoii doNor 3.2694 3.2731 7.3469 -55-50 1.4106 1.4136 3.4286 -58.85 NZ doNor 1.1612 1.1639 3.4286 -66.13 Crtn nrllrin Lonoator acxtar218 words
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Article285 1987-02-17 6 HONGKONG: Gold closed slightly higher in quiet trading yesterday. Bullion closed at U*****.80/U*****.30 an ounce, compared with Saturday's close here of U*****.70/U*****.20 and last Friday's finish of U*****.60/U*****.10 in New York, which was closed yesterday. On the local market, the metal ended unchanged from Saturday's close of HKJ3.706285 words
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Page 6 Advertisements
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Advertisement84 1987-02-17 6 Now, with moreiaVourites from Malaysia, India,. Eotope and Singapoi as well as an e tftdkUve choice of local and Western desadfrs! $11;90 Inclusive of fre«&ftv tit coffee or tea. v r Buffet spread changes continually. per person IB V 3 Park View Singapore Opening Hours: 7am- 12 midnight (Sundays —Thundfyc)84 words
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Advertisement95 1987-02-17 6 LP. Health Centre with latest health facilities for complete relaxation ion Hall Massage Session M > I V Steam Bath Sauna Bath Business Hours: 110.30 am 11.00pm Parking Fe« After spm Parking Fee $1.50 per entry redeemable at Cashier Counter. One session will restore your energy and brighten your spirits!95 words
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WORLD BACKGROUND
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Article, Illustration854 1987-02-17 7 NYT "SURVIVAL," said Philippine President Corazon Aquino's Executive Secretary, Joker Arroyo, with a disdainful flick of his hand. "Survival has never concerned us. If you keep thinking of survival you never get anything done." Yet it is precisely survival, against considerable odds, that has beenNYT - 854 words
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Article, Illustration687 1987-02-17 7 Reuter AFTER DECADES of decline, Britain could be leading the industrialised world in economic growth this year, just as Conservative Prime Minister Margaret Thatcher bids for a third term of office. Chronic unemployment is finally showing signs of decline. Worker productivity is rising fast. Exports surgedReuter - 687 words
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787 1987-02-17 7 DAVID SHIPLER - By DAVID SHIPLER NYT MUCH OF American foreign policy is driven by the engine of economic necessity. To maintain its technological prowess, its advanced military machine and its high standard of living, the US requires dependable sources of raw materials throughout theNYT - 787 words
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Page 7 Advertisements
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Advertisement206 1987-02-17 7 orchardOhotel 44: OrilurJ R.mJ Smpip,** 09* Tel: 7»477hft AMPlfc PARKING SPACt COflt'OfKMAilMT $15 FOR 4 Blooms Continental Restaurant's Set Lunch offers sheer value-for-money. For just $15 per person, we serve a full four-course meal and you've a choice of main course from a selection of three. And that's not all!206 words
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Advertisement210 1987-02-17 7 Ltadtr, Pagf 6 TRADE SECRET -t ior the jse orders, at is critical .sing program .lipments conquantities received 6. *g, we're dedicated to the office automation .at get the right informa»to your hands at the precise .lent you need it. WANG offers trading companies a power* ful edge. They can210 words
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FEATURES
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Article546 1987-02-17 8 TO SAY THAT economic interests are at the heart of foreign policy is almost to say that a man must eat in order to live. This is rather obvious. What is not always as obvious is the truth that the realisation of economic interests through foreign546 words
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Article, Illustration1586 1987-02-17 8 TAMAR LEWIN - The day may come when Singaporeans could go to Metro or C K Tang or Robinson's to draw up a will or ask about divorce. This is what Americans are already doing. TAMAR LEWIN reports on the increasing popularity of pre-paid legal plans in theNYT - 1,586 words
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920 1987-02-17 8 PETER MILLERSHIP - By PETER MILLERSHIP Reuter MILLIONS have been scrambling to buy shares in state companies being sold off to the public in several major Western nations, a success hailed by conservative governments as the dawn of a new era of popular capitalism. ButReuter - 920 words
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Page 8 Advertisements
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Advertisement69 1987-02-17 8 'tea' ifezr^S "WE'LL MEET FOR LUNCH AT THE ELIZABETHAN GRILL" Excellent choice. The Elizabethan Grill offers you an exceptional selection of traditional English specialities. Including the Original 1953 Opening Day Menu. Appreciate the elegant tudor-style decor while savouring every delicious morsel. A quiet reflection of old England which makes dining69 words
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Page 8 Miscellaneous
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Miscellaneous23 1987-02-17 8 Rristow: Fsa^ RNOTHGR CRRD FROm BRiSTtX*), t'm P»FRP»>D m m H*LfcJftY UP IT l/LOe SREMT TMeTifY^. *£TofuSTS?^® TO TH& UPRa? SIOP£S J m23 words
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Miscellaneous666 1987-02-17 8 CRYPTIC PUZZLE ACROSS 3 They're costiler compact (5) 8 Automobile test or vehicle (5) 10 The right meat for certain men (5) 11 Orcadian rogue (3) 12 Glare around like someone very special (5) 13 Figure a German dog has a tail like a setter (7) 15 Favourite royal forename666 words
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SPORTS
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271 1987-02-17 9 AUTHORITIES in Hackney, a rundown area of East London, have banned professional boxing, the first time the sport has been outlawed anywhere in Britain. Hackney, a left-wing municipal council controlled by the country's opposition Labour Party, has been one of the strongholds of271 words
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Article, Illustration549 1987-02-17 9 AP ZINA GARRISON, rebounding strongly from a 1986 season she calls a "total nightmare", gained her second tournament triumph of the year on Sunday with a 7-5, 4-6, 6-3 victory over Sylvia Hanika in the US$l5O,OOO Virginia Slims of California finals. The third-seeded Garrison'sAP - 549 words
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Article881 1987-02-17 9 GEORGE VECSEY - By GEORGE VECSEY NYT THE LATE American Supreme Court Justice Potter Stewart once wrote that he could not define hard-core pornography, but that "I know it when I see it." The same is true for defining athletic professionalism. We know it when we see it,NYT - 881 words
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Article446 1987-02-17 9 WALTON MORAIS - By WALTON MORAIS AS THE TOURING professionals of the Asia Ladies Professional Golf Circuit arrived in Kuala Lumpur yesterday. Beverley New is in the early running for the circuit's Order of Merit top spot. The 26-year-old Briton gained a one-stroke win in the Kosaido Asahi446 words
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577 1987-02-17 9 AFP UPI GEORGE BURNS emerged from a mad scramble for the lead to win the US$5OO,OOO Andy Williams Open golf tournament by four strokes on Sunday, after a dramatic finish and a bizarre disqualification. Burns, a 37-year-old tour veteran, sank two eagleAFP; UPI - 577 words
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Page 9 Advertisements
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Advertisement120 1987-02-17 9 MIZUNO. THE WORLDS BIGGEST SELLING GOLF CLUBS r. >• W\ CHAMPION FLAG MF Emphasis on ease of play and good directional control. For woods, the heads are crafted from solid maple wood and the irons are cast in mild stainless steel. Available in graphite shaft Techno- Flex 5755 and light120 words
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Page 9 Miscellaneous
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Miscellaneous1425 1987-02-17 9 LOST EMPIRES 9pm, Channel 12 i A A young man who gives up a safe but dull job to join his magician uncle in the sleazy and unglamorous theatre circuit is the focus of J B Priestley's novel. Besides showcasing some of Britain's old and sumptuous music halls, this is1,425 words
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INTERNATIONAL COMPANY NEWS
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Article, Illustration506 1987-02-17 10 High cost fails to deter foreigners M banque de LTNDOCHINE ET DE SUEZ INDOSUEZ AFP FOREIGN BANKS are falling over themselves for a share of Japan's securities business, despite the high cost of bidding for a stake in the market. Thirty-eight foreign securities firmsAFP - 506 words
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301 1987-02-17 10 FT THE OUSTED former majority shareholder and chief executive of Fermenta, the troubled Swedish chemicals and antibiotics group, Refaat El-Sayed, has been officially informed by the Public Prosecutor in Stockholm that he is suspected of serious fraud, serious book-keeping crimes and aFT - 301 words
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314 1987-02-17 10 Reuter NEW RULES, drawn up after last year's scandal over a takeover involving the brewing firm of Guinness has taken effect on the London stock market, aimed at cleaning up corporate takeover battles and exposing share manipulations. The rules drawn up byReuter - 314 words
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867 1987-02-17 10 NYT THE ARRESTS last week of three prominent traders on Wall Street have renewed concern about the takeover frenzy and the temptations of its huge profits. Much of the debate centres on how best to slow the pace of hostile bids.NYT - 867 words
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Page 10 Advertisements
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Advertisement521 1987-02-17 10 %ii/^ pw i m w x H N k t i 1 -Out of Americabflg^* Discover a whole new world ot oyster flavours Out <>f Aim rtej star (ju.ility luscious ovster? c,rc.it t.istm*;. great value. VV ith I ranee's Re lon 0<)00 At tin ictitied Manhattan (.rill tin choice tor521 words
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Advertisement140 1987-02-17 10 i^k <s V :-J 1 1 i 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 Garlic Sauce is a particularly hot item.) A prime reason to *Q lm i*"* come for lunch140 words
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ASIAN STOCKS
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Article383 1987-02-17 11 HONGKONG: Share prices closed sharply higher yesterday to push the Hang Seng Index 25.57 higher to close at a record high of 2,766.06. Brokers said buying interest remained strong especially from overseas institutions on expectations that most companies would report improved 1966 profits next month. The Hang Seng Index383 words
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Article200 1987-02-17 11 FU 16 All Sincara Indus NTS 2.57 32 00 -0.07 +a5 2J 2 0.5 0.4 0.15 0.8 03 Kolln 28.10 0.5 Kuochan Dav Laa Chang Yuan Cham Inoua 27.50 .32.80 1.5 0.1 Cathay Cora. .42.50 Uan Hwa Indua Nan Ya Ptaa 22.00 37.70 0.3 0.4 29.20 1.5 Oua bain200 words
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Article312 1987-02-17 11 res io A|ir>omo»o Amida Aaahi Cham AMhi Glaaa Bank Of Tokyo Brldpaatona Canon Casio Computer Cltlian 0 Nip Print 0 Nippon Scraan.... DaWchl Kangyo Bank Daiai Daiwa Sac Elaai Fanuc Full Photo Fujitsu Furukawa Co YEN 2340 431 .880 830 1310 1320 685 .806 1270 436 ...1780 ...700 2980312 words
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Article76 1987-02-17 11 FU 16 PVfOf Oriental B DKil rmi vvviwh Philax B. aos 0.0625 0 42 uneh uneh -0.02 Anglo Phil 0 009 0.002 Apax Mining B 0.0825 0.0666 PLOT 200 uneh San Miguai B 125 uneh 0 026 Btilc Pftroliufii— Banguat Con. B First Phil HMga. Lapanto B 0.015 10376 words
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Article498 1987-02-17 11 SYDNEY: Australian share markets closed easier yesterday as selling of interest rate sensitive stocks such as banks and retailers offset continued buying interest in other industrial issues. The selling was sparked by the announcement of a $1.29 billion January current account deficit, sharply higher than December and above market498 words
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Article83 1987-02-17 11 Fll 1« WON +b Ch«4l Sugar 2661 -48 DooiknM an +28 0—woo Corp MB +20 0—woo Hoovy 1290 -40 DoiaMn Socurfflw 3200 unch Dong Ah Phor ***** +300 Dong Soh Slock ***** unch OwybuSM 1M1 -m arcs'" —35° y <olon Ind. 3780 -1 Kotm Long Torn 2100 -100 Luefcy83 words
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637 1987-02-17 11 FT FOR THE SOUTH KOREAN government, free market forces are a dou-ble-edged sword. Under pressurs from the US, from foreign banks and investors and even from some of its own companies to open the stock market to outsiders, many officials can only shudder atFT - 637 words
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Article150 1987-02-17 11 Reuter BANGKOK: The Stock Exchange of Thailand Index was down by 2.23 to 203.14 on a turnover of 805,906 shares valued at 129.1 million baht. F*B 1« BAHT Saha Union. 167 -1 Slam Camant «13 -6 AoKhamThaJ Camant 666 unch Ayudhya Invaatmam. 240 -8 Stem CommarcteJ Bangkok Aground 80Reuter - 150 words
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Article70 1987-02-17 11 Reuter TOSHIBA CORP is to issue a 100-billion yen unsecured convertible bond through pubNc placement Nomura Securities Co Ltd, Daiwa Securities Co Ltd, Nikko Securities Co Ltd and Yamaichi Securities Co Ltd will co-lead manage the par-priced, 15-year bond, which matures on March 29, 2002. CouponReuter - 70 words
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211 1987-02-17 11 Reuter INDONESIA'S state oil company Pertamina will return US$577 million in overpayments for its liquefied natural gas (LNG) to eight Japanese buyers with extra gas under a new LNG agreement. Pertamina, in announcing the trend-setting LNG deal reached in Jakarta, said the US$577 millionReuter - 211 words
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121 1987-02-17 11 AFP TWELVE PRIVATE Japanese companies are to inject fresh capital of 12 billion yen (US$BO million) to help the ailing Asahan aluminium plant in Indonesia repay its loans. The companies would also lower the loan interest rate from 7 per cent to 6.45 perAFP - 121 words
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Page 11 Advertisements
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Advertisement487 1987-02-17 11 mi m 31 rwmm wo .Discotheque. PY Level 4 A vortex of sight, sound and sheer imagery >4 l V 4 r «f Yim WE TO OFFER COME, feast the NEW YEAR SUNTORY for an economical, Y East ASIAN BUFFET LUNCH daily at 12.00 pm to 3.00 pm at t6m^rmnd487 words
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Advertisement109 1987-02-17 11 TT777TW7TTT Pmking i Sichuan Restaurant HOKKIEN-PORRIDGE ftlgWS DINNER/SUPPER Buffet Style Choose from more than 20 appetizing dishes. Eat all you can for only $7 oQ++ Dinner/Supper Time: 7pm 3am vj «-w t > V v t r 'S>X v 10% service cherge 4 3% government tax not I £]2 av,'//7109 words
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RAW MATERIALS
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405 1987-02-17 12 Bernama MALAYSIA HAS AGREED to abide by the Association of Tin Producing Countries (ATPC)'s supply rationalisation scheme to limit its tin exports to 28,526 tonnes this year, Primary Industries Minister Datuk Dr Lim Keng Yaik said at the weekend. The quota willBernama - 405 words
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706 1987-02-17 12 NYT INDONESIA is caught up in gold fever. Deposits discovered in the once-insccessible interior of the island of Borneo, which Indonesians call Kalimantan, have drawn the interest of a raft of international mining companies as well as thousands of trespassers andNYT - 706 words
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204 1987-02-17 12 Bernama MALAYSIA'S rubber production rose by 4.7 per cent to 1.54 million tonnes in 1966 from 1.47 million tonnes the previous year, according to preliminary figures from the country's Statistics Department. In December alone, production rose by 11.3 per cent to 154,715Bernama - 204 words
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425 1987-02-17 12 Reuter GRAIN CONSUMPTION in China is outpacing domestic production despite successful attempts to increase crops, according to the official press and foreign traders. Customs figures show grain imports rosa to 7.73 million tonnes in 1986 from 5.97 million in 1985 the first increase sinceReuter - 425 words
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209 1987-02-17 12 Reuter THE SOVIET UNION has set a 1967 grain harvest target of 232 million tonnes, which would be the country's second largest yield ever, the official Tass news agency has announced. Agricultural experts at Western embassies in Moscow said it was theReuter - 209 words
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Article85 1987-02-17 12 OIL PRODUCTS FUEL OIL and jet/kerosene prices edged down but other products were unchanged in an usually quiet Monday. Many tradea were away for an oil conference in London. Closing prices for crude (FOB origin) US$/barrel Change Dubai (March) 16.80 0.35 WT1, West Texas Intermediate, (March) 17.88 -0.17 Closing prices85 words
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Article159 1987-02-17 12 MALAYSIAN crude palm oil prices weakened to cioee at yesterday's lows on short selling and buyer reserve. prompted by sharp falls in palm oil futures. Palm oil purchases by India and the Soviet Union did not aid sentiment, as estimates of larger-than-ex-pected palm oil output continued to weigh159 words
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Article142 1987-02-17 12 Chinese Produce Exchange Stiltn noon doting prion on Fob 16 (S$/100 kg). Coconut oil Mk FOB 90.00 Old dram FOt 100.00 New dram FOt 104.00 RobuMa 20/25% FOt NSW Nutmeg 110 FOt NSW tWF FOt NSW Gambler FOt NSW 405.00 1438.00 1322.00 330.00 Copra Mixed (loow) P epper142 words
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Article66 1987-02-17 12 Bangkok Broken Rice (USS/tome, FOI) A-l Super A-l Special 133 130 White Rice CO Special unq 100% 1ft dots 25S C-1 Ord unq 100% 2nd dm 220 Loonzain Rice 100% 3rd doss 215 100% lit grade unq 5% 205 100% 2nd grade 215 10% 200 100% 3rd grade Miq66 words
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Article329 1987-02-17 12 SMQAPORE The market closed higher yesterdsy with Msrch 1 RSS buyers quoted st 197.50 cents/kilo, up 1.25 cents from lest Fridsy. dealers said. The morning session gained 1.25 cents on some short covering of nearby postion in quist trsding. Prices were little changed in thin afternoon trsding due to329 words
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Article90 1987-02-17 12 TM PRICES on tha Kuala Lumpur tin marfcat ysatorday doaad unchangad at laat Friday'» M 517.01 par kHo. Strong buying Intaroat of 140 tonnos at laat «oak's cloalng laval waa noted at tha oponlng, but blddors withdraw whan tho prlco plckad up a cant Tha marfcat lackad booh90 words
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Article269 1987-02-17 12 RAS prices mtc •RM|,FQ Inbata 1 NOON CLOSE kit 1 RSS Prompt IW/VI 8 198.00 199.00N PVJW1 197 JO 198J0N la 1 m Mot 87 198.00 198.50 197JO ***** tat 1 ISS April 195.00 195JO ***** 195.25 tat 2 RSS OT ***** *****N 185 JO 187 JON269 words
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Article83 1987-02-17 12 (cafto/kfe 1 poll Mi) Ml At 87 Aft 87 (cwrrsnt month) (forworc 1 month) N OON NO ON RAS Salan bywi jflm SSI 20 1*040 1I240N 179.00 1I140N SSI SO ***** ItOuOON ***** *****N MRELB If— Mm S*n SMI CV MO 5Q 2S2J0N 211-50 213-SON SMI I83 words
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Page 12 Advertisements
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Advertisement51 1987-02-17 12 IF YOU WANT TO KNOW war*** r&* **b%fi wm *c a *4tes I «Ai 1 fa (vhatdopeoplW-m businessj/opewiHpdp^c developec§fc/ring in tf ofa trillion opportunities? •jMjnthe le land What goes into the making-ofthe successful Malay-entrepreneur? Where does the glistenofthe jewellery tradeli^jw GET YOUR COPY OF SINGAPORE BUSINESS TODAY A Times Periodicals51 words
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Advertisement169 1987-02-17 12 NOTICES GHKB HWA HANG PR LTD On Voluntary Liquidation) NOTICE OF FINAL f |?>] NOTICI 18 HBRBBT GIVEN that pursuant to Section 800(1) of the Companies Act, Cap. 185. a Final Meeting of the members of the abovenamed Company will be held at 101 Upper Cross Street #06-10, People's Park169 words
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Advertisement165 1987-02-17 12 COMPANY (PTE) LTD noticc or pmal mcotno NOTICE IS HCTEBY GIVEN that pursuant to Section 308 of the Companies Act CatxlB6 ttw Final Meeting of mantes of Via Company win ba haW on Friday 20th March. 1887 at 11A> a m at tha office of Singapore Sacwtorial Sarvicas Co. (Pla).165 words
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SHARE INFORMATION
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Article, Illustration4160 1987-02-17 13 FEVEREO buying pushed the Straits Times Industrial Index upwards for the sixth straight session yesterday. The widely-watched index shot up another 10.51 points to 1,027.03 while the all-sector BT Composite Index rose 6.71 points to 910.50. Brokers were swamped with orders right from4,160 words
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Article234 1987-02-17 13 Rites M A A MO Mmymm Cmpm 373 fttpw 103 H Um| Cra* 330 Mtfa 700 MMpba M SO* 40 0«*»f* >40 loyc 109 MUI 230 W"' 370 C K 334 Mte 300 CCM 909 M Laang M 90* 303 tabic ta* 90* IM Falls SINGAPORE h234 words
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Article4118 1987-02-17 13 810 and offer prices officially listed and businaaa in and raportad to the Stock Exchange of Singapore yesterday with toe number o( shares traded shown in brackets in lots of 1,000 units unless otherwise «pacified. All Time Settlement Contracts are quoted after the word "SETT'.4,118 words
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Page 13 Advertisements
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Advertisement16 1987-02-17 13 KL market report, Business dons on the KLSE, Pegs 14 On target, Chart Point every Saturday16 words
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COMPANY NEWS
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Article, Illustration850 1987-02-17 14 NST THE NEW Straits Times Press group has identified the financial sector and the broadcasting media as areas for new investments which will offer good prospects for continued growth. Chairman Datuk Mohamed Desa Pachi said the NSTP group, a leader in theNST - 850 words
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438 1987-02-17 14 BULLS CONTINUED to hold sway at the Kuala Lumpur stock market yesterday as share prices spiralled higher in active trading. The Multi-Purpose Holdings group of companies took centrestage as the revamp ot the company's board was well-received by investors and speculators. The buoyancy438 words
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Article112 1987-02-17 14 HONGKONG Hongkong Indox Monday *****3 Friday 1752.16 Week ogo 1736.41 Hang Song Indox Monday *****6* Friday *****9 Week ogo 2713.67 All Industrials Monday 2487 1 Friday ****** Week ago 2453 3 NEW YORK Dow Jonos Friday *****5 Thursday *****8 WmIc ago 2186 87 TOKYO Nikkoi Avorago /Monday *****47112 words
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Article3239 1987-02-17 14 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number at Airs traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Aetna (—I Ajbmmoto (3068) Alei HMg I—l Alcorn <85813,239 words
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Article248 1987-02-17 14 Managers' prk*s MARA-Bumiputra i i for Feb 17 First B'putra 592 597 Singapore Unit Trust Second B'putra 533 538 Third B'putra 419 4 24 109 Fourth B'putra 479 484 The Commerce 1 0! Fifth B'putra 317 322 The Savings Fund 091 096 Sixth B'putra 320 325 S'pore Prog248 words
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209 1987-02-17 14 Reuter THE HONGKONG AttorneyGeneral's office has confirmed that it will not proeecute Alan Bond, the chairman of Bond Corp International Ltd (BCIL), in connection with his statements about the company's asset value. The statement followed an earlier announcement by Mr Bond that hisReuter - 209 words
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229 1987-02-17 14 Reuter SOUTH CHINA Morning Post Ltd (SCMP) has requested the suspension of trading in its shares until further notice, the Hongkong Stock Exchange said in a statement The Securities Commissioner asked the company to take this step in view ofReuter - 229 words
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Article335 1987-02-17 14 Cmd b BMIM 0«ta TMkr ToM tar poywoitf tfM* ■MM" •w yoor loal yoor A 1 N 13%%l Aug 19 NYA NYA 13%% 27% Ay#r jVtol^fc 20% ion 20 fab 4 fab 23 20% 20% Baft* Untang 5%W Apr* Apr 16 Apr 30 5% 22»1% ,il ,i DtWTWO335 words
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Article798 1987-02-17 14 LAST FULL YEAR Campari Period Date Year Net CPS Gtea Ms* amounted endtag (cms) dfcr proJk tea year ($•000) Fed Cobles Interim Jun 87 6.1751 (i) S J A/TKJI Interim Dec 1? Mor 86 73 527 Guinness Final Nov 15 Sap 86 9.0 24.0 ***** Moiayowata Interim Dec798 words
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Article, Illustration778 1987-02-17 15 mm*» HOCK LOCK SIEW AFTER HAVING BEEN a corporate "nomad" all these years, Robert Kuok has obviously decided to come home. In this case, home means Malaysia, where he was born and where he still has substantial business interests. During the past several years, heHOCK LOCK SIEW - 778 words
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Article, Illustration584 1987-02-17 15 AMY CHEOK - Singapore operations back in the black By AMY CHEOK THE KENTUCKY FRIED CHICKEN operations in Singapore and Malaysia. taken over by the Innovest group more than a year ago, are proving to be major contributors to group profits. Preliminary indications show that KFC (S), which584 words
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406 1987-02-17 15 THE SOCIETY of Remisiers, as part of its drive to get more members, is negotiating a deal for its members with the Harapan group. The deal aims to give members access to the group's hotels, restaurants and recreational facilities, at406 words
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631 1987-02-17 15 NAJEEB JARHOM - By NAJEEB JARHOM THE LATEST INDICATION that the local property market is well on the road to recovery is provided by City Developments, which yesterday released encouraging profit figures for the first nine months of last year. The property631 words
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190 1987-02-17 15 KEPPEL CORPORATION Ltd has entered into a joint venture with Chokhani International Ltd to set up a shiprepair complex in Madras, India. This involves the relocation of the Keppel's 40,000-dwt floating dock in Madras. It also includes plans to build a second190 words
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Article309 1987-02-17 15 UNITED Engineers Ltd said Peter John Reardon and Tang l-Fang had been appointed directors with effect from Feb 12 and Feb 13 respectively. IN REPLY to a Kuala Lumpur Stock Exchange query about an article entitled "Raleigh said keen to go into glove manufacturing", Raleigh Bhd said the309 words
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Page 15 Advertisements
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Advertisement95 1987-02-17 15 w =r rifts* a m V\ N Strategic planning "All work and no play makes Jack a dull boy" and dull people don't make it to the top of any heap. Lifestyle is of crucial importance for all executives who realise that a healthy mind works better in a healthy95 words
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Advertisement131 1987-02-17 15 Keep yourself constantly informed of the latest developments in Japan's Steel industry by regulariy subscribiif to flapan 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 price131 words
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212 1987-02-17 16 SUBSCRIBERS of The Asian Wall Street Journal have been offered a choice of getting a refund or accepting a suspension in subscription as the restriction on its sales came into effect yesterday. A letter signed by Fred Zimmerman, publisher and editor of the newspaper, said212 words
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Article, Illustration378 1987-02-17 16 UPI Reuter PHILIPPINE Defence Minister Rafael lleto yesterday led the nation's 250,000-member armed forces in pledging allegiance to the newly-promulgated Constitution affirming President Corazon Aquino's rule. In brief remarks broadcast over Armed Forces Radio, Mr lleto urged soldiers "to be the firstUPI; Reuter - 378 words
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379 1987-02-17 16 GOVERNMENT Life Insurance Corporation (GLIC), a market leader in the New Zealand life assurance industry, will sign its US$25O million five-year Euronote issue in London today. The issue will be divided into two tranches, consisting of a US$l25 million revolving underwriting facility379 words
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184 1987-02-17 16 Bernama MALAYSIAN Foreign Minister Datuk Rais Yatim said yesterday Asean needed to reappraise its position on Cambodia, following indications that Vietnam was willing to adopt a more flexible stand towards solving the Cambodian question. "There is a possibility that Vietnam isBernama - 184 words
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333 1987-02-17 16 AFP AUSTRALIA must improve its economy and prove it can compete in world markets if it wants more investment from Japan, according to the head of a Japanese investment mission to Australia. Naohiro Amaya, a special adviser to Japan's Ministry of International Trade Industry,AFP - 333 words
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187 1987-02-17 16 UPI SOVIET LEADER Mikhail Gorbachev, condemning international relations as "deprived of their soul by the cult of force", yesterday said that his advances in democratising Soviet society were part of an attempt to humanise world politics. Mr Gorbachev made his remarks in an one-hour addressUPI - 187 words
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111 1987-02-17 16 AP A COURT yesterday convicted former economics minister Otto Lambsdorff of tax evasion, capping West Germany's biggest and lon-gest-running political scandal. Lambsdorff. a top-rank-ing member of the Free Democratic Party, was fined 180,000 marks (US$100,000) for his role in the Flick corporate pay-offAP - 111 words
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448 1987-02-17 16 AP IN A MOVE likely to provoke new US-European trade tensions, the executive branch of the European Community yesterday proposed a new tax on vegetable oils and fats. The proposal, part of the EC Commission's farm price packageAP - 448 words
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77 1987-02-17 16 AFP A SENIOR OFFICIAL of Barclays Bank PLC of Britain. John Quinton, met leaders of South Africa's outlawed African National Congress in Lusaka yesterday for talks on the bank's ties with Pretoria. A spokesman for the African National Congress announced that the meeting focused onAFP - 77 words
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63 1987-02-17 16 AP THE MAJORITY of Spein's high school studsnts rsturned to clsssss yestsrdsy sfter mors than two months of maaaive nationwide demonstrstions calling for education reforms. The studsnts wsnt the immediate abolition of university sntrsncs sxsminstions, s minimum wsgs for students and invsstmsnts of up toAP - 63 words
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LATE FILE
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Article43 1987-02-17 16 UPI BRITAIN'» aconomic growth will peek in 1967 at 3 per cent, forecast Lloyds Bank in its latest "UK economic outlook" yesterday. This could be one of the fastest rates among the major industrialised countries, it said. UPIUPI - 43 words
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Article57 1987-02-17 16 Bernama THE PAHANG government, with the help of the Economic Planning Unit and the Italian government is drawing up a master plan to develop the west Pahang region. The study, expected to coet Msf.s million, will be financed by the state government and is scheduledBernama - 57 words
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Article34 1987-02-17 16 Bernama PAS yeeterdey hoped the Umno representatives to the Umno-Pas muzmkmrmh are drawn from among those who can make decisions in the party and the government BemamaBernama - 34 words
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Article47 1987-02-17 16 AP ABOUT 830 steel workers at one of Japan's oldest iron and steel mills demonstrated yesterday against the company's plan to close one of two blast furnacea by 1900. A union official said the rally was aimed at securing "future employment opportunities". APAP - 47 words
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Article36 1987-02-17 16 AFP TWENTY-FIVE passengers died snd another 15 were seriously injured when an intercity bus plunged into a deep *ravine near the East Javanese city of Malang, a local daily said yeslsrday.AFP - 36 words
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Article40 1987-02-17 16 Reuter A SECOND nationwide strike within five days' brought Greece to a standstill again yesterday as more than two million workers protested sgainst s wsgs freeze Imposed by ths government of Prime Minister Andreds Papandreou. ReutsrReuter - 40 words
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Page 16 Advertisements
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Advertisement119 1987-02-17 16 nna INFORMATION SYSTEMS KGBI SECURITY CONTROLS Msrirurf of systems SCKNCI Nattona! Uwersttv of Singapore Because of increasing concern for the security of computerised systems and data, ISS is now offering an expanded 4-day course targetted at professionals, managers and auditors. When March 2 5, 1987 Fee *****.00 Security Controls Concepts119 words
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Advertisement426 1987-02-17 16 Economic forecast, Pago 4 Aquino still tacoo formidaMo chaHangao, Pago 7 The conference for all company directors, chief executives, general managers, bankers, lawyers, accountants, auditors and professionals in related fields SINGAPORE COMPANY AND SECURITIES LAW New Implications for the Business Community 14-15 April 1987. Singapore «v--•-W" (jouMsdomcotpowt* a torumot v>426 words
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Page 16 Miscellaneous
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Miscellaneous9 1987-02-17 16 Mm »t 1 < mMW MM 3 HM WWW WW9 words
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SHIPPING TIMES
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Article, Illustration407 1987-02-17 17 LINDA CHEE - By LINDA CHEE FAST-GROWING feeder cargo volumes through the Indian port of Madras have resulted in a reorganisation of services by Yugoslav line Splosna Plovba Piran to capture a bigger share of the transhipment traffic. It has combined two separate South Asian services one to Bombay407 words
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203 1987-02-17 17 THE INTERNATIONAL Maritime Organisation will enforce new uniform rules on compensation for damage suffered by ships' passengers in April. The new treaty takes effect on April 28, following the ratification by the tenth nation, Poland. The Athens convention, covering the carriage of passengers and203 words
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PORT SIDES
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Article68 1987-02-17 17 Reuter A FIRE BROKE OUT on Sunday night aboard Globe Trader, a 15,060-dwt Liberian-registered freighter moored at Bangkok's Klong Toey Port Thai police said the two-hour blaze gutted the engine and navigation rooms but did not cause casualties. The ship had earlier discharged most of itsReuter - 68 words
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Article49 1987-02-17 17 A NEW COMPANY, France Shipmanagement, has been established by three companies of the French Worms group to take care of the technical operation of the fleet. The three companies are Nouvelle Compagnie de Navigation, Cie Morbihannaise et Nantaise and Societe Francaise de Transport Petorlirs.49 words
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Article158 1987-02-17 17 SHIPPING RECESSION coupled with the financial difficulties in two leading companies caused the number of vessels owned or managed by members of Hongkong Shipowners Association to slip by 111 to 1,170. In tonnage terms, the reduction was 10 per cent to 51.9 million dwt. The number of158 words
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Article148 1987-02-17 17 Kingsley Wood - By Kingsley Wood BHP PETROLEUM has awarded a Timor Sea contract to the drillship Energy Searcher, controlled by the Petroz NL. The contract will run for a minimum of two wells in the area of the Challis discovery and BHP has the right to extend it148 words
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1356 1987-02-17 18 Serious imbalances between the supply and demand lor bulk carriers provide clear evidence of the failings of a free and, theoretically, self-correcting market mechanism. In this article, Lloyd's Shipping Economist presents the views of an independent maritime economist, Professor H J Molenaar, on measuresLloyd's Shipping Economist - 1,356 words
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Article710 1987-02-17 18 AB Shpg V 5 Accord Shpg VI 3 Africa Ocean IX 4 Alltrans VII 3 Anro Service IV 2/3 ANl 1 1/2 APC Line V 4 API III 2/3 ASCI III 1 Bait-Canada Line VII 4/5 Bait-Orient Line VII 4/5 Bank Line V 5 BBS II 4/5710 words
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Article1236 1987-02-17 18 Dry cargo single voyage fixing was quiet in all sectors of the freight market on Friday, but moderate activity was noted for ti-me-charter business, brokers said. Grain chartering was less active but an unchanged rate of U5513.75 was reported from the US Gulf to Japan and maize from1,236 words
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Article177 1987-02-17 19 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf. Straits ports/Australia, Straits/Japan and the member tines: 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 Line177 words
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168 1987-02-17 19 Reuter THE KENYAN TUG Mwokozi, detained in the Philippines last week while towing a damaged oil tanker to Taiwan, was freed on Sunday, port sources said. Kenyan officials said the tug had been allowed to leave with its tow after international negotiations, according toReuter - 168 words
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460 1987-02-17 19 Lloyd's List ABOUT 80 MORE VESSELS are preparing to leave Norway for lower cost shipping registers. Latest figures from the Norwegian Shipowners Association (NSA) show that 23 ships have switched to foreign flags over the last five months but many more have appliedLloyd's List - 460 words
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265 1987-02-17 19 Reuter THE MALAYSIAN Science. Technology and Environment Ministry is looking into the question of having a contingency plan to combat any oil pollution in the South China Sea in view of the accelerated oil and gas exploration in the region. Its director-general, Nik MohamadReuter - 265 words
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100 1987-02-17 19 AFP SAUDI ARABIA'S merchant fleet is the largest in the Arab world, followed by that of Egypt, according to the Jeddah-based Saudi Gazette newspaper. Citing figures from the Arab Academy for Maritime Transport, the newspaper said yesterday that Saudi Arabia currently had 514 merchantAFP - 100 words
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235 1987-02-17 19 AP A JAPANESE fishing boat found containers and lifeboats belonging to the 17,676-ton South Korean container ship Hanjin Incheon off the northern Kurile islands yesterday, raising fears that the ship may have sunk, a Maritime Safety Agency official said. The official, MasaoAP - 235 words
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178 1987-02-17 19 TWO NORWEGIAN OWNERS Ugland Bulk Transport and Western Bulk Carriers have agreed to cooperate on a trial basis for the next year. Senior officials of the two companies are confident that the coordination will generate extra revenue by reducing the number of ballast178 words
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Article269 1987-02-17 19 AFP BLEAK PROSPECTS for tanker owners failed to improve on the charter market during the past week, when weakening oil prices again kept buyers on the sidelines. Consumers have been resisting forward purchases from Opec members given the attractive level of spot prices, now at their lowest sinceAFP - 269 words
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212 1987-02-17 19 FOR THE THIRD successive year box shipments through Hamburg cleared the one million mark. The West German port chalked up a 7.5 per cent increase in throughput to 1.246 million TEUs last year. Containerised traffic accounted for more than half the212 words
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7293 1987-02-17 24 3®aBGX!E3 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 Port7,293 words
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Article507 1987-02-17 26 AT CONVENTIONAL WHARVES New Princesa Leadbon SI S3 18.02/0600 19.02/0900 20.02/2300 20.02/2300 VMM! KEPPEL WHARVES Berth Arrival Departure Triton Giorgis S2 S5 17.02/0700 17.02/0730 1802/2300 19.02/0700 World lion S2 19.02/TBC 20.02/TBC Alfesani K27 alongside 17.02/0600 Banglar Swapna K33 alongside 19.02/2300 SCHEDULED TO LOAD ON 18.02.87 Equator K22507 words
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Article965 1987-02-17 26 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdne FCL Arrival LCL movement Ship Voy date/time Operator cargo schedule Location Ms Rando 8706 17.02.87 1700 Maersk F2 0600-0830/0830-0900 A2/B2 Prasetia 114 17.02.87 1900 A Perintis F5A 1000-11® 14 Pegasus P 467N 17.02.87 2000 Straits F5A 1100-1200965 words
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Page 17 Advertisements
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Advertisement738 1987-02-17 17 Mammoth Hunters Jmh M. Auel VN I CORONET BOOKS 2 Ju'ong Port Road Singapore ?26i fet *****55 o O^BUOvhqus(UM»IUNE NORTH AMERICA ATLANTIC EXPRESS (ROUND-THF-WORLD ROUTING) WW/ C.I. TOKYO TRANSMORUI MNM SEVEN SEAS MIOSE F XPOR T UK CHTON NFK NYC HFX aw w a# an an in EXPORT lkms ant738 words
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Advertisement59 1987-02-17 17 AN INDEPENDENT maritime economist discusses measures designed to correct serious imbalances between the supply and demand for bulk carriers. Page II ABOUT 80 MORE VESSELS are preparing to leave the Norwegian register for lower cost shipping flags. Page 111 Index to advertisers II Shipping schedules X London freights II Ships59 words
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Advertisement539 1987-02-17 17 m FESCO LINES T'm FAR-EASTERN SHIPPING COMPANY Regular SarvicM To WWW EAST ASIA, JAPAN, INDIA Agent Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE EHtm SERVICES FAST TRANSIT SINGAPORE-ANTWERP 17 DAYS SINGAPORE-ROTTERDAM 18 DAYS SINGAPORE-BREMERHAVEN 19 DAYS SINGAPORE-HAMBURG 20 DAYS Th» MM Regma M Ctoamg Twino CY539 words
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Page 18 Advertisements
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Advertisement316 1987-02-17 18 LE ium iu jaeptmg :j'gc to all U h destinations Scatdiajwian {Ka' OUTBOUND TO MEDITERRANEAN Copenfufcen and oth*r [„-oc*a" Inlaid points Aso a FCI Ca'po to Liriassol, IM'sm. La''ak j Beirut and A>ianc r ta reiay via iaierr>o OUTBOUND TO ARABIAN GULF AND INDIAN SUB CONTINENT ■"li'M WNA QABOOS VIUE316 words
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Advertisement241 1987-02-17 18 The Super System b l Supcrcarricr Sen ice Barber Blue Sea Li""'- T^.Tqvrj SllTtaM, T > i a i i CONTAINER SERVICE norwegian specialized autocarriers NOSAC MASCOT ETA SIN 15 FEB NOSAC TAJ SMAN SaiM NOSAC BAJTMO Fab 22 AGENTS MOB VIUELMffII MBKB FIL LIB. SINGAPORE *****77 OUTWARD FRT ENQUIRIES/BKGS241 words
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Page 19 Advertisements
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Advertisement778 1987-02-17 19 The Straits Steamship Group 1 STRAITS SHPPING Singapore to Sabah, Sarawak, Brunei Porta and Bangkok i Mansfield Container Shipping PteLtd porvpi P&O HwUVaL Containers Limited KJTAM MAM tAMSBAY Also Accepting Cargo For: SERVICE FROMUK/CONTWENT: Mto| rtoaa rtm Lt Hi StM I Mum rpm H'Kanf to to an m to sp778 words
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Advertisement708 1987-02-17 19 MFMBER OF ACE CONSORTIUM) commw soviet to euhow rmipjauuKu Nmna rita» NM KRCATOP CI TOKYO KVH OAS MNDtt tUMm PK OMh mdit i cap ta/la PK M rwii rJULMKU NmriM ram Hon rNma Art BMffl Ml MMm Ub 12 Mr IS Mr It B» Uft. 01 M B Fik) II708 words
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Page 20 Advertisements
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Advertisement287 1987-02-17 20 c Hapag-Uoyd CONTAINERSHIP SERVICE TO UK/CONTINENT CONV SEMI-CONTAINER SERVICE TO EUROPE CONV SEMI CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK;CONTINENT Agents gsimMLi Singapore *****66 K. Lumpur *****25 Booking *****78 P. Kelang *****18 Freight *****00 CFS *****50 CFS *****48 Penang *****7, *****2 Terminal *****33 *****3 SOUTHEASTASIA PTE. LTD. INTERNATIONAL287 words
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Advertisement563 1987-02-17 20 K=»*JuM» ME LM&fE FULLY CONTAINERIS ED SERVICE Wtiml: ORIENTAL CHIEF 51E KOREAN JACCJIN 371 tuny CON I flINt RISE D 10 (ROM NORTH AMtRICA rtfST COAST •FDR/MOTHER VESSEL *SP ICS W/KOREAN JACEWON S3E 24/2 OCH 52E/KOREAN WON IS ONE HE 3/3 CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL INDON LEAOBON 31563 words
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Advertisement368 1987-02-17 20 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: SINGAPORE CALICO SNIPPING PTE LTD T* Z2S2M TU: IB BUI CALICO FAX: 2M871 PONT KELANC PERKAPALAN UTAMA SON BHD Tot TTTHTyi KOTA KINABALU KESAWAN SHIPPING SON BHD T«fc neat q hw) Far gam TC. HANI RASA MUHIBBAH SON BHO T«t368 words
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Advertisement1135 1987-02-17 20 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SGP IMC KSS KLG PUS OS* EVER GRAM m a/2 I*l an ever golden an *3 *3 *1 EVER GLEARTT 2/1 *3 *J *3 EVER LAUREL *3 W 1U 110 EVER GATHER I*3 OT M M EVER GUIDE BP a/3 Ji/3 EVER1,135 words
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Page 21 Advertisements
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Advertisement394 1987-02-17 21 VA PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 r FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE SIN Btw HOTA WWOA SEA HAWK KOTA SMOA KA OLORY MPT 1M a 4/2 M I'llw" 1 M 1. BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE VUUL394 words
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Advertisement157 1987-02-17 21 fSS THONG SOON I W' f '*09-00. Robina House, S pore 0106 Tel: *****88. Telex: RS ***** BOOKING: *****88 (DIRECT LINE) SINGAPORE TO PENANG SINGAPORE TO SARAWAK ATM 111 SINGAPORE TO SABAH PORT SINGAPORE TO BRUNEI CONTAINER FEEDER SE SINGAPORE/BANGKOK With Reefer, and FCL Container Service Agents: Bangkok: Transport A157 words
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Advertisement559 1987-02-17 21 BLC BENUNE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT S'PORE P KLANG STON HM fcw I*2 an 11/1 m uarpaai Bay on an up an CH» M CMnk 4ft *3 2V3 27/3 Frankfurt L«rw 11/1 I*3 3/4 &4 mo 22/1 «M iw Naakari Eiaraaa 2*3 1W IIH Mm* Htn. 27/3 2*3559 words
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Advertisement431 1987-02-17 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA ILOYD P.T. OESDDI LLOYD P.T. SAMUDEM INDONESIA e P.T. TDIKQOA LLOYD EXPRESS SEMI CRHTAiRERSRIP SERVICES -HI. 'i.M J: VESSEL/VOY DMTARAMA7WB ST'SaSS™ ISg i. KUTAI/UWB 11-140 KUTAI/Um S PANJANC/ISW SRIWIJAYA/HWB OCEAN PRWA/7WB Sublet to Said, Port Alexandria, Qdnqd, TrliHi. ALSO ACCEPTING BOTH CONTAINERS,431 words
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Advertisement309 1987-02-17 21 BOUSTEAD SHIPPING AGENCIES LOtKAW VUI M AN VM7W PAGAN VUW HTONEYWA V222W PA-AN VMM BURMA FIVE STAR (Burmese National Line) Loading for Rangoon iSZ z swu P.Ktiang BANK LINE SPOKE ROAM NULL FORTH BANK VIM 7/3 3*3 7/4 3/4 TAMAITAI SAMOA VAN 1/3 13/4 1/4 IVYBANK VIM 20/3 13/4 23/4309 words
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Page 22 Advertisements
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Advertisement793 1987-02-17 22 Kline KAWASAKI KISEN KAISHA, LTD.— FEEOER VSI RACNA Vt MOTHER VSI SPORE PKIC PNC SPORE KOBE GUAYAQUIL CALIAO ARICA IQUIQUE AFAGASTA S ANTONK) VALPARAISO Tin VSL II F«6 11 Fat 20 Fab 22 Fab 13 Mar Apr 15 Apr It Apr ALSO ACCEPTING. SHANGHAI. HSINGKANC. MOJI. NANA. SHNM2U VIA KOBE.793 words
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Advertisement366 1987-02-17 22 Accepting LCL and South Africa NCOLLOYO COLOMBO M27F OSAKA MARU 2S2F HAYAKAWA MARU 2230G SA. VAAL 23ZK Sport Ourtan P.Eliz C.To 21/2 13/3 w w 1/3 19/3 2*3 21/3 P.EIU C.Town Ourtan SM SM 17/2 26/2 27/2 2/3 r 1 Jardm JARCHNE SHIPPING AGENCIES (REG. 242*4/OOK) 200 CANTONMENT ROAD #12-05366 words
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Advertisement626 1987-02-17 22 AUSTRALIA EXPRESS CONTAINER SERVICE »iiii«iii KufCL ent— INDIA EXPRESS CONTAINER SERVICE AceanNng FCL/FCL ConWnm Mapvi P Ketoni Penenf LaMhnt lor AIT ANA VJ 17 Feb ■mMm/Aimm 24 Fife Ninilf iwtil 2 Her Ibr Beatey liter Beater 12 Bar 11 Iter lte4rae/HaMU/Ceiciitta/C'Go*| 12 Iter Clllrt iwfeil/Cochin 9 Iter B Iter tell626 words
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Advertisement673 1987-02-17 22 \r7s-7 golden line WK GUM GUM) SHPPMG (PTC) LTD V 23. I*l »rTp *o smarm mm m hum <i# uks) STRAITS/PERSIAN GULF SERVICE: Spm p K** (We GOLDEN WONDER Cotombo/K»fichi/Out»i/Bihr»m 3/4 Mar QOIDCN MAR Cotanbo/Karachi/DuDai/Dohi 21/30 lUr CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA P.KLANG PENANG DESTINATION673 words
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Advertisement528 1987-02-17 22 NTRASEA (PTC) LTD 15 Hoe O'ang aC7 02/03 SanforcJ Building Singapore 0206 Tel *****11 (10 Line*] Bulk Orient Line BREAKBULK SERVICE TB EUROPE/UK V ADQJNA OK S parc P. Mmi Lm«<« farSaiM I*2 SETE/ROT/ANT/UKOKAL) Tluppin INTRASEA (PTE) LTD BOOKING 22M511 K. Lumpur BINTANG SHIPPING CO. SON. BNO. 71*71! Nmng BINTANG528 words
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Page 23 Advertisements
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Advertisement841 1987-02-17 23 NEPTUNE ORIENT LINES LTD 5 >por. NEPTUNE AGENCIES PTE. LTD. rE EU/AUST TPA/SEA Tel No Office Terminal CFS BOOKINGS VWITI 27K753 *****42 27M77 WIMW 2221X3 27*5742 OR DIRECT LINES 279U19 27*11» 27*11 NEPLINE SON. BHD. 3MH7 NEPLINE SON. BHD. 2U4K3 NEPtINE SON. BHO. US3VV7iWU7ttI«27M2 NEPLINE SON. BHO. 2M041/***** M EOTABMt841 words
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Advertisement370 1987-02-17 23 HEUNG-A SHIPPING Korean Flag Vessels DONAM SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG. BUSAN. INCHON No i No. I Don»m/702N No I oorum/7©N No 7 Oonam/WN No Donam/TdN No S No I Oonaa^TßN Mothor VotMl S port Cbo Foodor V*l Khor Hod Jod Aqa I Attalaim 11/2 23/2 L. SriMtM/ON370 words
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Advertisement599 1987-02-17 23 SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** p KELANG PENANC SSHARIKAT WAN SOON SON. INO. IST ANO 2NO FLOOR, MESSRS MAI THONG SHIPPING 127 Pmm599 words
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Advertisement41 1987-02-17 23 ta /•S//I/V rs owe 4 T ONC Hongkonc Sinppore P.Ktang Pananf HERCULES V.IA SaiM 19/2 GtSO MARU NO. VJM 26/2 25/2 SHIBUSANA MEISHIN A H.T.Y. TfT* CO. RTE. LTD IC, Cadi StrMt. #U-W CB BuiWng S'pora OK TEL 223*2 (2 Uiim)41 words
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Page 24 Advertisements
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Advertisement245 1987-02-17 24 I REGIONAL CONTAINER LINES iy TO BANGKOK (4 SAILINGS A WEEK) VESSEL In pt mBLVIIM ip'in PIYA BNUM SEA MACON PIYA BNUM TO P.KELANG PENANG (2 SAILINGS A WEEK) r3L«L-S r^TTT7 nTTTTI |LLLL!!!JL!ILJII^^ TO SOUTH THAILAND BENGAL BAY CONTAINER FFEDER TO CHITTAGONG PORT KFIANG FARYS MARITIME I: I ibfv' 1245 words
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Page 24 Miscellaneous
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Miscellaneous157 1987-02-17 24 m Regional Weather ft > V> r 0 {'A frSIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: c^' Wind direction with speed m knots Wove height R Thunderstorm Temperature •<, V Shower Weather Wmd direction with speed m knots Rom Cloudy Sky W V h<?,gh Surface winds157 words
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Page 25 Advertisements
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Advertisement181 1987-02-17 25 mßjW* mil AT. LU|-puR *****68/*****56/*****48/*****93 P. KELANG *****53 PENANG 04-t015j4 62^9 3 J BAHRU 07-*****8, *****8, *****5 P GUDANG 07-*****1, *****3, *****5, *****0 siNGAPORE 02-*****22 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE jnv TT7I rrrr rrn rrn H, ii,jt',:.;T,V.v4yv-SEZ 'i: nrararre 3 k-.: -i I. SIMM ITWERP, BASLE, BREMEN, OSLO.181 words
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Advertisement344 1987-02-17 25 Hai Sun Hup Co (Pte) Ltd Tf l :Vo4'4ofc I.ifl t 1.1,-., TI tMS I \M I K\ \|v I |\l I' i I!' STRAITS/JAPAN/STRAITS SERVICE SPECIALIST IN RO-RO HEAVY UFTS Loading at appropriate Berth P4-P5 NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG. TAIWAN A CHINESE PORTS, SUBJECT INDUCEMENT IMLintermaritime344 words
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Page 26 Advertisements
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Advertisement70 1987-02-17 26 FARGO SHIPPING COMPANY!PTE)LTD. REGULAR EXPRESS FULL CONTAINER AND LCL SERVICE 200 Cantonment Road #02-03 Southpolnt Singapore 0208 Tel: *************** CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 iQkfc OCEAN PROMOTER OH SHIPPING S.A. SPORE LOADING FOR MV WHEDDON CROSS FEB 19 HODEIDAH/PT. SUEZ MV STONE CROSS MAR 15/2070 words
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Advertisement549 1987-02-17 26 SAILINGS EVERY TUESDAY OUTBOUND VESSEL CONNECTING VESSEL AT ROTTEJtOAM rWT N. DtJIMA 0» BORINGIA 735 7TJJ B. SURIA m SELANDIA Ofil ACCEPTMQ CARGO (LCL FCL) FOR: DAKAR, FREETOWN, MONROVIA, AMOJAN, TEMA, LOME, LAOOt A DOUALA Snip i<" RAKM SIMf DARHr r sHIPPIN(, fit I II) !<•' S3SIOBX SlS.M.'fc EUROPE FAR549 words
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Advertisement169 1987-02-17 26 p-A INTEROCEAN LINE TEL: *****34, *****94 TLX NO. MA S7MS ACCEPTING CARGOES FOR THE FOLLOWING POR^S LCL/FCL I LOADING FOR AUSTRALIA SYD, MELB, ADE, BRIS, FREM. UK/EUROPE LE HVE, HBG, BREMEN, R'OAM, GENOA, ANTWERP. UK PORTS SCANDINAVIA USA WEST EAST COAST. GULF INLAND PORTS CANADA VANCOUVER. TORONTO MONTREAL LINK li169 words
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