The Business Times, 17 September 1987

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 112/12/86 THURSDAY, SEPTEMBER 17, 1987 75 CENTS
    11 words
  • 185 1 Overseas markets Wednesday HK Hang Seng Index 3604.64 (-42.28 Tokyo Nikkei Average *****.73 (+13.71 Sydney All-Ordinaries 2274.5 43.9) Tuesday New York (Dow Jones) 2566.58 (-46.46 London (FT 30 Index) 1775.4 (unch Exchange rates The Sing dollar ended higher yesterday at 2.0910/20 (2.0935/45) against the US$ in the
    185 words
  • 322 1 SHARE PRICES retreated further over a broad front in very quiet trading in the Singapore stock market yesterday. Brokers said activity is expected to remain sluggish until investors get used to the new delivery and settlement system. Many investors have also stayed away from
    322 words
  • 831 1  -  Joint venture to buy Goldhill Square By AMY BALAN UNITED OVERSEAS LAND yesterday issued its own account of the events that led to the breakup of its joint venture with United Industrial Corporation. In a memorandum to shareholders, UOL described in considerable detail
    831 words
  • 427 1  -  By BRIAN GOMEZ THE POLITICAL CRISIS in the Philippines appeared to deepen yesterday with the resignation from the Cabinet of Vice-Presi-dent Salvador Laurel, the latest in a series of events sparked off by the Aug 28 coup attempt. Citing irreconcilable differences with President Corazon
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  • 502 1 IN THE THIRD retrenchment exercise in 20 months, Bank of America is dismissing 59 Singapore employees this month. The bank will lose an additional 65 employees when it completes the sale of its Visa credit card operation to Chase Manhattan Bank
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  • 369 1  -  By ALVIN TAY STANDARD CHARTERED Bank has made a strong bid for Mrs Theresa Foo, one of Singapore's top woman bankers, who is leaving the Oversea-Chinese Banking Corporation at the end of next month. BT understands that a firm job offer has been made
    369 words
  • 140 1 Reuter THE ACQUITTAL of the former head of the collapsed Carrian group on fraud conspiracy charges has prompted a public outcry and calls for a review of the government's handling of Hongkong's costliest trial. Legislators in the colony yesterday urged a review of the
    Reuter  -  140 words
  • Page 1 Advertisements
    • 201 1 1 si n i IT~ Cassette Receiver M 3 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone. *****33 Kuala Lumpur: Phone *****33 Phone *****5/*****1 Jakarta: Phone *****5 Full report, Pag* 16 Regional markets, Paga 18 World markets, Page 19 THE OFFICE NEVER LOOKED SO GOOD Enter the era of
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    • 359 1 Threat to poultry trade FRESH POULTRY is big business in Singapore. But the days of the trade are numbered unless poultry merchants take steps to ensure its survival. 'Poultry producers coping with changes' on Page 8 examines the measures being taken. mm THERE ARE NOW seven companies participating in the
      359 words
    • 268 1 Rodenstoclr Quality before your eyes Shipping Times comes as a separate section today. Make sure you get your copy. Si DON'T LET THE INITIAL PUSH HOME OWNERSHIP We offer home loans without you having to come up with the usual 10% downpavment. Hongkongßank also offers other attractive features: 100°7o financing
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  • HOME NEWS
    • 350 2  -  By GENEVIEVE CUA THERE ARE NOW seven companies US, European and Japanese multinationals participating in the Economic Development Board s Local Industries Upgrading Programme (LIUP). One of the most recent additions is US electronics company National Semiconductor, which joined on July 1. The move
      350 words
    • 138 2 COMPANIES which have computerised the bulk of their operations invariably become very dependent on their systems. As a result, even minor failures of the computer system can result in substantial losses of time and money for the companies concerned. Management consultants Coopers Lybrand Associates are organising
      138 words
    • 181 2 A GROUP of 30 Japanese smalland medium-sized importers af food products will call on the Singapore Manufacturers' Association today. The importers will meet about 30 members of the SMA food group to build up contacts and explore the possibility of buying Singapore-made food
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    • 330 2 HARASSMENT of Singapore-flag flying ships in foreign ports is an "irritant" that needs to be fought with government support. National Trades Union Congress (NTUC) assistant-secretary general Lim Boon Heng, writing in the latest issue of the NTUC publication NTUC News, said
      330 words
    • 216 2 A PIONEER multi-agency mission which set out to market Singapore as an attractive shipping and central distribution centre has received poeitive reactions from companies in the US, Japan and Taiwan. The mission, led by Mr Wong Hung Khrm, executive director of the Port of
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    • 104 2 A $1 MILLION contract to supply software to the Overseas Union Bank Ltd (OUB) haa been awarded to CAP Information Systems. CAP, a local subsidiary of the CAP Group in Britain, will provide the bank with three software packages for the teller, point-of-sale and automatic teller
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    • 470 2 THE People s Action Party is to hold its first convention on Jan 24 next year, during which the party manifesto will be adopted. Input for the manifesto would come from various sources, one of which is resolutions to be taken
      470 words
    • 97 2 THE THREE-IN-ONE exhibition ASIAPACK/PLAS/PRINT which ended last Saturday achieved total sales of more than $7.8 million. The largest single sale of $1.8 million was made by a West German company, Reifenhauser, which sold a lamination and packaging machine to a Malaysian company.
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    • 59 2 HIGHER ELECTRICITY tariff* were mainly responsible tor thai marginal increase from July ir< the consumer price index of O.IJ to 103.2 points last month. Clothing prices moved up by 0.4 per cent because of dearer men's suits. But prices of food! and miscellaneous items
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    • 162 2 THE LINE-UP of keynote speakers for the 7th Offshore South East Asia Conference will include top executives from Exxon Corp, Pertamina and Petronas. Singapore Exhibition Services, the conference organisers, said the list of keynote speakers will include Exxon Corp director and senior vice-president
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  • Page 2 Advertisements
    • 360 2 7/^ p ///////////ii ,i .j •■nai .>-<■•• l'«W i i •i ■■B V" J J k < BIK *\V Z -> it^tspte i j k *pgpv<».i .w jJMB-v **< -4«T7i t' ~*#a ■V* «J7A ;\v vw .»v« I W^ ///y///^ //////////< f/ MtWMW/////4kAkii >////////.• /y^^/y///> >Jl Y////'' '//A m W^mz/MM.
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  • ASIA-PACIFIC
    • 305 3 Reuter INDONESIA has introduced tougher licensing and monitoring procedures to protect its workers overseas after allegations that some housemaids in Saudi Arabia were maltreated or sexually abused, a senior official said. There are 150,000 Indonesians working in Saudi Arabia, most of them
      Reuter  -  305 words
    • 152 3 Bernama INDONESIA has tightened its export standards following a rejection by the US of 390,000 pounds of fishery products worth about US$3.4 million. The Agriculture Ministry said on Tuesday it was now evaluating the possibility of issuing a certificate of proper processing to exporters before shipping
      Bernama  -  152 words
    • 97 3 AFP AUSTRALIA'S current account deficit narrowed to ASBBO million in August, according to government figures released in Canberra yesterday. The Australian Bureau of Statistics (ABS) reported that the August deficit was below market expectations of between Asl billion and Asl.2 billion and compares with AJ1.27
      AFP  -  97 words
    • 170 3 AP GOVERNMENT approval of foreign equity investment in South Korea this year has reached a record high of US$73B million for 259 projects, the Finance Ministry reported yesterday. The figure, through Tuesday, is twice as large as the US$354 million of investment authorised in
      AP  -  170 words
    • 126 3 AFP PHILIPPINES Trade Secretary Jose Concepcion has proposed the privatisation of five state-run export processing zones in the country to improve their facilities. Selling off the zones was needed since budgetary limitations prevented the government from improving facilities there. Mr Concepcion said. "We feel
      AFP  -  126 words
    • 554 3 Reuter JAPAN and the US are groping for new ways to settle their trade differences after years of bickering that have led to mounting frustrations on both sides, US and Japanese officials said. "We ought to get away from this 'nickel and
      Reuter  -  554 words
    • 219 3 AP MALAYSIAN Foreign Minister Abu Hassan Omar on Tuesday appealed to the US. Australia. Canada and other countries to introduce special programmes to admit more Vietnamese refugees from Malaysia. He made the request at a special meeting of ambassadors from the US,
      AP  -  219 words
  • Page 3 Advertisements
    • 604 3 Polaroid beats THE DEADLINES. Haven 7 you noticed how new information has an annoying habit of showing up minutes before you need to present it Well, whether you are in advertising, architecture, banking or medicine. Polaroid with its wide range of instant film and imaging devices, gives you the ability
      604 words
  • Page 3 Miscellaneous
    • 141 3 ftoirvt Selgrode City Max/ rc> 18/05 19/14 35/20 36/30 34/26 29/25 27/14 30/23 34/17 19/10 30/26 21/17 24/12 23/14 18/11 33/20 21/09 17/0 29/19 25/08 18/12 33/24 17/09 22/14 31/15 23/— 13/08 16/11 30/25 33/26 36/22 30/19 33/25 34/20 27/12 17/08 33/23 19/15 34/23 17/11 22/16 35/20 32/24 17/11 26/13
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    • 72 3 Doonesbury BAi US STATIONS, APfYVMT EVERYONE! MECHAM% ABOUT TOMAKE ANOTHER THE GOVERNORS HAP A STRING OF DISASTROUS APPOMMBOS. HERE AUTRE CONCERNED THAT FOR POLITICAL APHQNMEB, HE MIGHT NOtH APPOINT SOMEONE REPUTABLB. L MECHA v: si S 5 S -iS H®rr liy? 0 ii BY GARRY TRUDEAU 600PAFTERNOON! 70PAYI AM APPOHTIN6
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  • REST OF THE WORLD
    • 493 4 Reuter THE International Monetary Fund said on Wednesday that the world's big economies must take tough action to avert global economic instability. In its annual report, which also lamented increasing trade tensions around the world, the IMF said the United States should continue cutting
      Reuter  -  493 words
    • 207 4 AFP MINISTERS from 18 European countries on Tuesday approved 58 new projects, costing 709 million European currency units (US$6lB million), in the Eureka high-technology programme, it was announced in Madrid. The projects cover a wide spectrum, including biotechnology, agriculture, medicine, communications, energy, the environment,
      AFP  -  207 words
    • 448 4 Reuter DUTCH BANKS and employers organisations reacted warily to the Dutch 1988 budget and related economic forecast published on Tuesday, and called for a tight rein on public spending and lower costs for industry. They said only policies aimed at reducing public debt and
      Reuter  -  448 words
    • 226 4 AFP AMERICAN businessmen who want to compete with the Japanese in the market should learn how to play the complicated and ancient Asian board game of Go, a Japanese executive said on Tuesday. "While chess is a game of war, Go is a game
      AFP  -  226 words
    • 246 4 Reuter WESTERN EUROPEAN economies will have to grow faster than normal if unemployment is to be significantly reduced, the head of the International Labour Organisation said in a report presented on Tuesday. One in nine workers in the European Community (EC) does
      Reuter  -  246 words
    • 339 4 AFP A SENIOR American government official accused members of Congress on Tuesday with getting "bogged down with specialinterest politics and rhetoric" as the House of Representatives prepared to consider legislation to restrict textiles and shoe imports. And an independent study showed the cost
      AFP  -  339 words
    • 167 4 AFP WORK IS NO LONGER the most important thing in the world for West Germans, according to an opinion poll published on Tuesday. The poll, carried out by the BAT-lnstitute in Hamburg, found that only 3 per cent of West Germans would
      AFP  -  167 words
    • 278 4 Transport cartels call for rules FT CARTELS in air transport and shipping should be subjected to the rules of the General Agreement on Tariffs and Trade (Gatt), according to the Foreign Trade Association (FTA). The association, which represents European retailers, specifically named shipping liner conferences and preferential treatment of national
      FT  -  278 words
    • 848 4 ARRIVALS Operator S«rvk» Local From nwnbor tim* su SQ11 0045 lAX/NtT IC C555 0655 MAA MAS MH681 0820 KUL MAS MH811 0910 FEN MAS MM671 0920 ICUL AC AC858 0925 YYZ/IHR/IOM SU SO 103 0950 KUL CPA CX710 1015 CGK MAS MH603 1020 KUL GU GA975 1055
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  • Page 4 Advertisements
    • 232 4 X SOMEWHERE ALONG THE WAY, YOU MAY BEGIN TO RECOGNISE A FEELING YOU'D ALMOST < FORGOTTEN. IT'S CALLED TAKING A BREAK'. TO FIND IT, COME TO THE HILTON INTERNATIONAL SINGAPORE IS OR TALK TO YOUR TRAVEL AGENT ABOUT OUR SUITE LIFE. FOR AS LITTLE AS $240* NIGHT, J YOU CAN
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    • 58 4 fI If \l ji If I V The business person's choice, every I I II I I Tuesday. Thursday. Saturday and I mm ml II F Sunday. Leaving Changi Airport at J- SJ. JL 22:05 hours and arriving at Lester B. Pearson International Airport the following day Call your Travel
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  • Page 5 Advertisements
    • 349 5 How much will your balance sheet lose in the translation? It doesn't take much to make your wellmanaged, profitable foreign subsidiary look like a foreign liability. Just an unfavorable exchange rate when the balance sheet is being prepared. A classic case of currency exposure. And while the symptoms are easily
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  • COMMODITIES
    • 502 6 Crude palm oil futuraa finished lower in sluggish trading on the KLCE yesterday on lack of fresh overseas leads. Sellers were sidelined awaiting more news while profit-taking activities continued to bring down values. Oct shed Ms 2 to M 5753 a tonne while November was Mss easier at
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    • 92 6 THE crude markets were sluggish and quiet, with the products showing similar signs. Fuel oil and kerosene displayed weak trends whereas naphtha and gasoil were stable to firmer. Naphtha looks as if it may continue to firm over near term. US$/borr»l Chong« Ouboi (Oct) 16.95 -0.03 w#st
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    • 285 6 Chinese Produce Exchange Sellers' noon doting prices on Sep 16 (S$/100 kg) Nutmeg 110 FOB NSW BWP FOB NSW Gambier 1521.00 1339.00 Coconut oil FOB NSW 190.00 Bulk FOB OW drum FOB New drum FOB Copra Mixed (loose) Pepper Murrtok white FOB NLW Sarawak white FOB faq NLW
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    • 254 6 Bernama ES PETRONAS' second refinery to be located in Malacca, with a projected capacity of 100,000 barrels per stream day (bpsd), is scheduled to begin operation in 1991. Announcing this on Tuesday, Petronas president Tan Sri Abdullah Salleh said the Malaysian government had agreed in principle
      Bernama ES  -  254 words
    • 355 6 HONGKONG: Gold closed slightly higher in fairly active trading on light buying interest yesterday, reflecting the easier tone of the US dollar. The US$46O an ounce level attracted strong prof-it-taking and prevented the metal from going higher. The metal ended at U*****.40/80 an ounce against New York's U*****.60/459.10
      355 words
    • 126 6 SOYBEAN futures in Chicago sold off late to close on or near session lows on Tuesday with prices off 2% to 5% US cents per bushel. November finished 5% cents lower at U555.27. Traders said the fall in prices was sparked by Refco's sale of two million bushels of
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    • 122 6 WHEAT futures in Chicago closed near session lows on Tuesday with prices off 2% US cents to 14 cent per bushel. December settled 2% cents lower at U552.9514. Traders said wheat prices, which remained independent of influence from soymeal futures, closed weaker on speculative selling and some prof-it-taking. Market
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    • 312 6 SINGAPORE The market closed higher yesterday with October One RSS buyers quoted at 224.00 cents/kilo, up 1.25 cents from Tuesday's close. On the TSR-20 market, prices were marked up but trading was very quiet throughout the day. October and November TSR-20 closed at 207.00 cents/kilo, both up three cents
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    • 113 6 THE PRICE of tin yesterday closed one cent higher on tho Kuala Lumpur Tin Market from Tuaaday'a finish at M 516.92 a kilo in quiet trading. Buyers again dictated the pace, refusing to buy at higher levels after opening bids of 120 tonnes were noted at Tueeday's level
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    • 266 6 RAS prices m s ommo. rot m tan M NOON CLOSE Buy*n Sellers ftuyort Severs bit 1 RSS Prompt 226.00 227.00N 227.00 228.00N bit 1 RSS Oct 87 223.00 223J0 2244)0 224J0 lot 1 RSS Nov 223.25 223.75 224.25 224.75 bit 2 RSS Of 221.00 223.00N 2224)0
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    • 77 6 1 f pott«H) OCTOBER 87 NOVEMBER 87 (currant month) (forward month) RAS NOON luyan Saten NOON IVTM SrfMI SSI 30 213.00 215.00N 21X00 215.00N SSI 50 ***** 213.50N 211.50 213 JON MRELB Bwy*n lvy«ri T| SMI CV 266.50 268.50N 267JO 269JON SMI I 266.50 268JON 267JO 269JON
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    • 343 6 London Oils (USS/tonno) Commodity Palm oil M'tk m crude Exchange OF UK/Rotterdam Doc 335 (335) Buyef/SeMor dot mg pricot on Sep (i/tomw Previous doting unl lots tpodfiod). M'tlan/Sumatran crude »ricet In OF UK/Rotterdam porenthetii Sop Oct 325* (325tir) 330tlr (332.5tir) Coffee Nov 332.5tir Both in-ttor* London, tollers option
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  • Page 6 Advertisements
    • 103 6 New Orleans Is Open For Lunch We're open for lunch due to frequent demand from our guests! Now you can enjoy a choice of our excellent 3-course New Orleans Executive Luncheon or Deluxe Buffet, offering great New Orleans and Continental cuisine at the best value in town! Only $23.50* Available
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    • 295 6 E TIANJIN EXPORT COMMODITIES FAIR Right here, you see a whole range of export commodities on display from China:- textiles, native produce, machinery, metals minerals, arts crafts, chemicals, cereals, oils foodstuffs, medicines health products, light industrial products, stationery sporting goods, silk garments. Come for a discussion and find out what
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  • FOCUS
    • 801 7 The Philippines and Nicaragua are far apart geographically, but they share a common political problem: insurgency. The first of these articles takes a look at the threat to the Philippine government from the communist rebels. The second examines the chances of peace in
      Reuter  -  801 words
    • 979 7 NYT A MONTH after the signing of a Central American peace accord, Nicaragua is gripped by a mood of expectation unseen since the Sandinistas swept into power eight years ago. Politicians of varying beliefs, Sandinista and opposition, say a real possibilify of
      NYT  -  979 words
  • Page 7 Advertisements
    • 65 7 TAN CHONG TOWER SERVICE APARTMENTS 15 QUEEN STREET 'Ail ideal location for your short stay in Singapore' Weekly basis Within CBD Telephone. TV, air-con, cooker, fridge, kilchenware. household linen and housekeeping available Telex. secTeiarial and laundry servk es available Covered car park 24-hour security Types available: Studio 5350 Weekly J-bedroom
      65 words
    • 193 7 ARA M I S 900 Aramis 900 Simple Skincare Trial Kit for Men. Clean. Young. Smooth. Fit. You start each day seeing your skin up close. Some days it looks terrific. Other days, it looks less than fit. What can you do to make a difference to improve that mirror
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  • PERSPECTIVE
    • 577 8 CONSTITUTIONS, which lay down the highest laws of the land, are expected to be bastions of seriousness, and so they normally are. But once in a way, people put these august documents to the most plebeian of tests. And rarely are those tests as tangential and
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    • 1722 8  -  The taste for market-fresh chickens spins sales of nearly half a million dollars each day for the poultry trade. Poultry merchants have had it good. But not for long, they fear, what with the changes and impending changes in the trade. ANNA TEO reports. ANNA
      1,722 words
    • 835 9  -  Who should control regulations in areas like securities, labour and the environment the Federal government or the states? Two hundred years after the tussle over the balance of power between the states and the Federal government at the US constitutional meeting, the debate
      NYT  -  835 words
    • 453 9 Reuter POPE JOHN PAUL moves across the United States at a devilish pace, averaging less than six hours of sleep a night, on a mission that has turned into a scolding of the world's richest nation. At the mid-point of his
      Reuter  -  453 words
  • Page 8 Advertisements
    • 125 8 M onagers ust anage BT shows you how every Monday. Eighth Moon Ecstacy. Experience once again the ecstasy of scrumptious Moon Cakes at Cathay and Kelong Thomson Restaurants. The season's specialty comes with traditional fillings like lian rong, melon seeds and egg yolks in our unique nonya-inspired pandan or banana
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  • Page 8 Miscellaneous
    • 1169 8 TO TO mm CATASTROPHE! NO SAFE PLACE T l ®P™. Channel 12 hit fhf'Jf re at^ toniflht the hurricane Camille which hit the Mississippi Gulf coast of the US, killing 225 people; the crash of Northeast Airline Flight 823 which departed from New York's LaGuardia Airport and crashed in a
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  • Page 9 Advertisements
  • Page 9 Miscellaneous
    • 681 9 CRYPTIC PUZZLE ACROSS 1 It's a lucky thing for a motherly Caledonian (6) 7 A technician with ways to get gin, always (8) 8 Drinking vessels heartily raised (4) 10 Fitzgerald's lofty place? (6) 11 Progressed in pedestrian style (6) 14 It's of serpentine aspect (3) 16 Like a neglected,
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  • Page 10 Advertisements
    • 388 10 LE CHANE Time foi»an< A 1 V Thraa ways to waar a CHANEL (top lift) Solid gold wateh wovtn skilfully Into thick gold chain link* (top right) A cholca of black patant or matt crocodlla akin (right) Chain bracalat Intarwovan with black laathar, Tha gift box containing tha watch la
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  • Page 11 Advertisements
    • 843 11 M EL e foir another CHANEL classic m. Wk 9 m V s J, ome into the oUtique... &GAPORE. get ready. The >w" CHANEL boutique is now tretch of 2,000 sq feet of sheer gsncS, literally: A complete ovation of the*boutique at una Atria, after barely a year qoving into
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  • SPORTS & LEISURE
    • 139 12 UPI FORMER world champion Bjorn Waldegard of Sweden driving a Toyota Supra led the survivors off on the second half of the Hongkong-Beijing rally yesterday with two of his closest rivals now out of the race. Finland's Ari Vatanen, another former world champion who was
      UPI  -  139 words
    • 489 12 AFP SOUTH KOREA is on schedule to play host to what it hopes will be the best organised and most efficient summer Olympic Games ever a year from today, while its northern neighbour is still demanding a share of the events. By the time the 24th
      AFP  -  489 words
    • 481 13 AP THE HEAVYWEIGHT title fight between champion Mike Tyson and Olympic gold medalist Tyrell Biggs had been dubbed "the clash for the crown". But on Tuesday, the scheduled 15-round fight on Oct 16 for the undisputed heavyweight crown became the battle of
      AP  -  481 words
    • 114 13 AFP SOVIET UNION representatives in the European club football competitions will all be sponsored by an Italian company. Industrial firm OCRIM Spa of Cremona has secured the rights for all six Soviet clubs in the competitions to carry the company logo on the players'
      AFP  -  114 words
    • 190 13 AP NUMBER FIVE SEED Catarina Lindqvist of Sweden, displaying speed and accuracy, beat Kumiko Okamoto of Japan 6-2, 6-4 in the opening match of the US$3OO,OOO Pan Pacific Open Women's Tennis Tournament on Tuesday. The 24-year-old Lindqvist, a semi-finalist in the 1967 Australian
      AP  -  190 words
    • 455 13 AP TWO SPRINTER DUELS provided the sparks on and off the tartan at an international track meet in Lausanne on Tuesday. Greg Foster, looking fresh at the finish of a tough season, ran the year's fastest 110-metre hurdles in 13.17 seconds.
      AP  -  455 words
    • 531 13  -  By JAIME LYE THREE AGING ACTORS and an absent kingfisher held an audience not in stitches, but in a comfortable state of comic disarray beginning on Monday night. On the surface, a love story about a dirty old man, a rich old widow whose
      531 words
    • 367 13  -  Trankly speaking.... -by WALTON MORAIS THE RACE, when it was run, had such great theatre that Britain's Linford Christie, who finished fourth, was moved to saying: "It was an honour to be part of such a historic race." Sports writers all over
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  • Page 12 Advertisements
    • 840 12 3t If sS r c?w s 1 L §99 FASHIONABLY HYATT Join the fashion- conscious every Thursday (3.00 6.00 pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and
      840 words
    • 198 12 NUL/win dgn An incredible buffet luncheon of some <• 60 traditional German favourites it's as good as being in Germany! Daily from September 5 to 27,12.00 to 2.30 pm. Adult: $31/ Child: $15. Prices subject to 10% service charge and 3% govt. tax. The management reserves the right to change
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  • Page 13 Advertisements
    • 471 13 Ui vn '4 i i I .It Invitation to dinner, Indonesian style. Pfquant samboes and coconut-rich curries. Spicy, mouth-watering offerings from the Indonesian islands are yours to enjoy. At the Cafe in the Parte from September 18th to October 3rd. Indonesian Buffet. Every evening from 6.30 pm to 10.30 pm.
      471 words
  • Page 13 Miscellaneous

  • MONEY AND EXCHANGES
    • 579 14 Simex/IMM DECEMBER Eurodollar gapped 13 ticks lower at 91.55 on Simex opening yesterday as the US dollar retreated overnight in the foreign exchange market. Technical outlook for the Eurodollar futures has turned bearish, with the December contract likely to test support at 91.48. December recovered from the
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    • 129 14 Gold futures on Sep 15 100 troy ounces. USS per troy ounce Open H*h Low MHo S*p 458JO 110 Oct 460 00 460.70 458.80 460.00 2.00 No* 463.10 no Ok 465 50 466.70 464 50 465 90 110 Fab 88 472.00 472.90 471.40 472.30 2.30 479.00 479.00
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    • 471 14 Reuter UNCERTAINTY about the US trade deficit and federal debt ceiling is likely to Keep currency futures within trading ranges for the remainder of the week, according to financial analysts on Tuesday. Although the record US trade shortfall in July reported last Friday will underpin the
      Reuter  -  471 words
    • 885 14 METALS FUTURES OPTIONS Com#* Tuatdoy, S*ptwnb*i 15 1987 OOU> 100 0 roy ounca C* i i ounc* 1 PmH Laal Prtea 430 Dec-c 44.80 Fa6-c *pr< 53.70 60.20 0— 1.10 Cafe* 2.40 4.80 440 29 30 37.90 45.10 3.50 6.40 •JO 460 15.30 25.00 33.00 9.20 13.20 15.40 480
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    • 279 14 Asian market ASIAN DOLLAR deposit rates closed steady at firmer opening levels, after a day of quiet trading yesterday. Short-dates firmed be- tween and 3/16 point at the outset reflecting a higher US federal funds rate. Thereafter, rates were unchanged and overnight closed at 7 5/16 7 3/16 per cent
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    • 50 14 THE OVERNIGHT RATE on the Singapore interbank market rose point to 14 per cent yesterday. Term rates were unchanged. S$ Interbank rates at 7pm yesterday: OFFER MO S? i/« t-mon* 4 1/4 4 1/8 2-mortti 4 3/8 4 1/4 3-mn* 4 7/16 4 5/16 Ovwmight mod*: 2 1/2
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    • 80 14 Treasury bills Period Issue Yesterday's closing Day's code Maturity WD OFFER HIGH LOW 3 months 6 months 1 year RQ*****W BS*****Z BY*****S 17.12.87 3.32 21.01.88 3.36 30.06.88 3.46 3.27 3.31 3.41 3.33 3.27 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate RID
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  • Page 14 Advertisements
    • 335 14 on achievement Lousiness Times, Singapore's foremost business paper, and DHL, the world's leading courier, are proud to announce that the search is on for Singapore's Businessman of the Year, for the individual who strove for success and so made the most notable contribution to business in 1987. And we are
      335 words

  • BANKING AND FINANCE
    • 253 15 AP MARINE MIDLAND Banks Inc said on Tuesday it had agreed to a sweetened US$756 million buy-out offer from Hongkong and Shanghai Banking Corp, its majority shareholder. The agreement calls for a wholly-owned subsidiary of the Hongkong-based banking firm to pay US$B3 per share plus
      AP  -  253 words
    • 242 15 Reuter MEMBERS of the Banking, Insurance and Finance Union (Bifu) at Midland Bank PLC have voted in favour of a complete ban on overtime, following their rejection of a 5 per cent pay offer imposed by the bank in April. Just over 64 per cent
      Reuter  -  242 words
    • 173 15 Reuter JAPANESE banks and securities houses are expected to lead manage their first mark Eurobond issues early next month, sources at Japanese banks in Frankfurt said. West Germany lifted a ban on foreign institutions lead managing such issues in May 1985 but
      Reuter  -  173 words
    • 877 15 SINGAPORE: The US dollar closed mixed against major currencies in light trading yesterday after fluctuating narrowly on short-cov-ering and selling. Underlying sentiment for the dollar remained bearish because of the continuing huge US trade deficit but most operators were reiuctant to push the dollar down aggressively on fears
      877 words
    • 179 15 Indicates the average of the prime lending rates of 12 major banks in S'pore Interbank market rates (offer/bid) on Sep 16 us$ DM SWFC Y«n doy. 7 5/16 3/16 9 7/16 J/16 3 13/16—11/16 3—13/4 3 3/4 J/8 7 9/16 7/16 9 3/4 J/8 4 1/16 3
      179 words
    • 161 15 Reuter DEPOSITS in Australia's major trading banks fell US$69B million to U5545.90 billion in August after rising US$39l million to U5546.60 billion in July and falling US$694 million to U5543.57 billion a year earlier. The Statistics Bureau said yesterday that total loans, advances and bills discounted
      Reuter  -  161 words
    • 453 15 FDIC expects over 100 banks to fail in second half UPI AMERICAN BANKS lost US$lO.6 billion last quarter in order to cover shaky foreign loans, making it likely they will finish 1987 with the smallest profit in 53 years, the Federal
      UPI  -  453 words
    • 392 15 Reuter THE COMMUNIST world's first financial conglomerate officially opened its new bank yesterday, a milestone on the road of rapid expansion. State-owned China International Trust and Investment Corp (Citic) unveiled the Citic Industrial Bank at a glittering ceremony at the firm's Beijing skyscraper, attended
      Reuter  -  392 words
    • 236 15 Bernama ES MALAYSIAN Assurance Alliance Bhd (MAA) is expected to do better this year in terms of business and profit, says chairman Tunku Tan Sri Mohamed Bin Tunku Besar Burhanuddin on Tuesday. Speaking to reporters after MAA'S annual general meeting
      Bernama ES  -  236 words
    • 257 15 NYT EVEN BY the standards of Alan Greenspan, whose soft-spoken demeanour belies a restless, driven nature. the last five weeks have been hectic. There have been dozens of briefings and staff meetings, mounds of unfamiliar documents, getacquainted dashes to Switzerland and Florida, round trips
      NYT  -  257 words
    • 247 15 Reuter NORTH KOREA and its bank" creditors have agreed to resume talking about its debt, soon after the banks threatened to try to freeze its overseas assets because of payment problems,-: banking sources said on Tuesday. The North Koreans have not actually
      Reuter  -  247 words
  • Page 15 Advertisements
    • 100 15 Hfctiiv*. -I A Seafood Experience at Emerald Wall Savour ail your favourite seafood right in the heart of Orchard Road at Emerald Mall, Peranakan Place. Dine in the cool of our garden mall. Unwind in the carnivallike atmosphere as our 'live' bands entertain you with contemporary music. And you don't
      100 words
    • 119 15 KEPPEL HOUSE SINGAPORE FOR SALE BY TENDER -1 >4 n w U •j t tvi f A modern 5-storey office building with car park. Situated on the fringe of the Financial District, next to the IBM Towers and one of the busiest ports in the world. Only a tew minutes'
      119 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4371 16 THE SINGAPORE stock market closed on a weak note yesterday with share prices falling further over a broad front in very quiet trading, causing the Straits Times Industrial Index to tumble 17.15 points to 1,434.20. The BT Composite Index slipped 16.54 points
      4,371 words
    • 249 16 SINGAPORE Rises Ind i test Sap IS Sap 1* SFM 1110 Spor* Land 830 Trocfon 600 Ovbot 50c 755 N S T 630 CUE 565 10 10 10 5 5 5 BTCompo*# 1284.96 *****2 8T08/0S +43 -107 BT CADI -5956 -6047 »T 10-4oy MA -5915 -5925 BTOtV
      249 words
    • 3137 16 SECTION ONE INDUSTRIAL COMMERCIAL Acmo (2 26 B) 171 227 IS) 225 (21 226 111 231 141 227 Alcom 10 60 6 061 SI 111 060 151 061 AmaJ Stool 50« 12 72 B 275 S) (21 275 Avlmo 20« (540 B 545 SI 111
      3,137 words
    • 318 16 AMALGAMATED PROPERTIES t INDUSTRIES Berhad: 17th AGM at 4th Floor Denmark House, 86 Jalan Ampang. ***** Kuala Lumpur tomorrow, at 10am. JACK CHIA ENTERPRISES (MALAYSIA) Berhad: 60th AGM at Conference Room (Teratai 1 2). 2nd Floor PJ Hilton, No 2 Jalan Barat. Petaling Jaya on Saturday Sep 19.
      318 words
  • Page 16 Advertisements

  • COMPANY NEWS
    • 638 17 m2sm By HOCK LOCK SIEW 27-YEAR-OLD marriage of convenience between the Kua,la Lumpur and Singapore stock exchanges is in danger of breaking up. Recently, brokers from across the Causeway have become increasingly frore restless and vocal in their cries to ban the listing of g|alaysian
      By HOCK LOCK SIEW  -  638 words
    • 112 17 OUR COLUMN Taking Stock on Sep 15 suggested that UOL had borrowed money to buy UOB shares. A spokesman for UOL has clarified that "UOL has never borrowed money from UOB or arry other bank for the purchase of UOB shares". BT apologises for the error. The
      112 words
    • 276 17 Managers' prices for Sep 17 Singapore Unit Trust The Commerce 124 13) The Savings Fund 109 1.16 S pore Prog Fund 049 0.53 S pore Sec Fund 0.83 0 89 S'pore Invest Fund 0 92 0 98 S pore Equity Fund 0.61 0.66 Asia Unit Trust MoHnvest Fund
      276 words
    • 170 17 Palmco's Hongkong arm sells out PALMCO HOLDINGS Bhd has announced that its whollyowned Hongkong subsidiary has sold its entire shareholdings in Palmco Oil Mill (HK) Ltd and Palmex Industries (HK) Ltd for HK$24.51 million. The shares were sold on Aug 13 at a profit of HKS8.5 million to
      170 words
    • 550 17 MBT ALL SHARE transactions done through stockbrokers but outside the official trading floor will soon have to be reported to the Kuala Lumpur Stock Exchange (KLSE). Such deals termed direct business or married deals need not now be reported. In
      MBT  -  550 words
    • 378 17 MEMBERS of the Kuala Lumpur Stock Exchange (KLSE) will decide on the status of the somewhat forgotten Msso-million standby credit facility for the broking industry at the exchange's extraordinary general meeting on Sep 26. A decision will have to be taken on
      378 words
    • 766 17  -  By CORRINA LIM WINCHESTER HOUSE, popular among tourists for its moneychangers and vendors selling an array of knick-knacks, is being sold for about $30 million. The buyer is Savu Investments Re Ltd, a private company set up by the directors of Hotel Properties
      766 words
    • 485 17  -  By LISA LEE HONG FOK Corporation, which just last month applied to resume trading on the Stock Exchange of Singapore, will invest $15 million to build the third phase of its Henderson Industrial Park development. The property-based group plans to build another major block
      485 words
  • Page 17 Advertisements
    • 82 17 Japanese Restaurant W Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese Ihnches. Priced at only $16++ per set, they are easy
      82 words
    • 303 17 Ernst Whinney Consultants Pte Ltd Presents FINANCE FOR NON-FINANCIAL MANAGERS October 15-16,1987, Hilton Hotel WHY YOU SHOULD ATTEND Finance is not as complex as it is sometimes made out to be. A basic understanding of finance will assist vou in making those decisions appropriate for your company. You can be
      303 words

  • REGIONAL MARKETS
    • 462 18 Cash to come from four share offers Reuter CHEUNG KONG/HUTCHISON groups HK$lO billion funding plan leaves it poised for investments that could range from properties to communications, industry analysts said. But the cash raising through four separate share offers, which add up to
      Reuter  -  462 words
    • 185 18 Reuter DICKSON CONCEPT Ltd is planning a four-for-five rights issue to raise HK$6O9 million to finance its acquisition of ST Dupont SA from the Gillette Co (GS), Dickson Finance director Joseph Wan said. The Dupont acquisition, announced earlier this month, will cost about US$52 million.
      Reuter  -  185 words
    • 127 18 Reuter ROBERT HOLMES a Court s Bell Group Ltd may be behind heavy trading in John Fairfax Ltd in a move to increase its stake in the media group beyond five per cent, say stock analysts. About 3.8 million of Fairfax's 300 million
      Reuter  -  127 words
    • 2825 18 SELLERS REMAINED unrelenting and share prices retreated for the third consecutive session at the Kuala Lgmpur stock market yesterday. Scattered doubledibit losses were incurred. Trading was lacklustre ai dabblers remained aloof in the absence of fresh leads. The non-committal attitude worsened the already quiet
      2,825 words
    • 1368 18 Hongkong DBS Securities. Reuter SHARE PRICES on the Hongkong market closed sharply lower on record turnover yesterday as institutions switched stocks following the Cheung Kong group rights issues. The Hang Seng Index fell 42.28 points to end the day at 3,604.64 after rising 10 points initially. The Hong
      DBS Securities.; Reuter  -  1,368 words
    • 119 18 SEP 16 VON h Kai ***** 30 ***** -200 Cheil Sugar Daelim Ind Daewoo Corp Daewoo Heavy Daiahm Securihea Dong Ah Phar Dong Suh Stock ***** ***** ***** ***** ***** ***** unch -450 340 -210 1100 unch 1300 Kia Motor Koton Ind Koraa Long Term Lucky Ltd Oriental Brewery
      119 words
    • 498 18 Reuter SHARE PRICES closed mixed in thin trade on the Tokyo market yeeterday as a last-minute round of bargain hunting bolstered some shares at the end of a lacklustre day of trade. An absence of fresh incentives and a weak local bond market depressed share prices most of the
      Reuter  -  498 words
    • 454 18 Reuter THE AUSTRALIAN share market surged ahead yesterday to close at record highs in a buoyant reaction to Tuesday s federal budget The near-balanced budget and interest rate cuts boosted demand for quality scrip, brokers said. The All Ordinaries Index was 43.9 points above Tuesday's record close at 2,274.5.
      Reuter  -  454 words
    • 162 18 Reuter THE SECURITIES Exchange of Thailand Index rose 3.08 to 305.31 on a turnover of 4,118,091 •hares worthBol.4o million baht. Reuter KP 16 KAHT Ao Kham Thai 238 Ayudhyl Invaatmant 304 Bangkok Agro-tnd 270 Bangkok Bank 375 Bank 0( Ayudhya 344 Cttaroong Thai Wlra 6 CaMa aoi 2 -2
      Reuter  -  162 words
    • 275 18 SEP 11 NT S Kotin 4® 00 2.2 Kuochan Dav 49 10 -1.4 436 -0 13 Laa Chang Yuan 42 40 -06 Asia Camant 62 00 1 Lian Hwa Indua 47 40 2 2 Cathay Cona MOO -2 Nan Ya Plaa 67 00 -1 Chang Hwa Bank 346 00
      275 words
    • 69 18 SEP 1« PESOS Marataai j OrianUI B ***** -0 0129 Acof Mining 0 028 -0 002 Phil Ovtmu 009 0 52 -001 ***** -0 0075 Attas Con B 31 SO PLOT 213 -22 Basic P»tro4*om Banguat Con B 0 016 141 •0 004 unch Saatront 0 026 35 -0
      69 words
  • Page 18 Advertisements
    • 157 18 NOTICES OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME Ws, First United Lines Pte Ltd of 10 Anson Road. #2416 International Plaza, Singapore 0207. hereby give notice that in consequence of our Intended purchase, we harve applied to the Registrar of Singapore Ships under section 417 of the Merchant Shipping
      157 words
    • 147 18 OFFICIAL NOTICE PROPOSAL TO CHANGE A SHIP'S NAME Notice is hereby given that in consequence of the intended change of name of a ship by our clients, Karl Shipping Co. Pte. Ltd., we applied to the Registrar of Singapore Ships under Section 386 of the Merchant Shipping Act (Cap 179)
      147 words
    • 11 18 l« HER WwW September e A special 40-pag* Bridal FlaW« r
      11 words

  • WORLD MARKETS
    • 1092 19 New York Reuter WEAK DOLLAR and bond markets shook Wall Street s fragile underpinnings on Tuesday and sent stocks sharply lower in light trading, wiping out most of the gain scored in the last four sessions. Concern ahead of last Friday s triple witching hour also
      Reuter  -  1,092 words
    • 995 19 London Reuter STOCK PRICES were mostly lower at the opening on the London market yesterday as market-makers marked them down in reaction to a 46 point drop on the New York market on Tuesday, dealers said. They added there was little actual buying or selling with movement
      Reuter  -  995 words
    • 1233 19 Selected indices HONGKONG All Industrials Hongkong Index Wedneidoy 2.372 20 Wednesday 3,359 0 Tuesday 3.286 4 Week ogo 3,228 4 Tuesday 2.***** Wo* ago 2.351 70 NEW YORK Hang Song Index Wednesday 3604 64 Dow Jones Tuesday 2.566 58 Tuesday 3.646 92 Week ogo 3.577 64 Monday 2.***** Week ogo
      1,233 words
    • 61 19 AP HONDA of North America, the fourth largest US motorcar maker, is expected to announce the building of a second US car assembly plant near Marysville. A state government source confirmed reports that Honda would end months of speculation by deciding to build the complex
      AP  -  61 words
    • 596 19 Biggest non-oil takeover in US history if deal goes through NYT KEEPING UP the pressure against the Newmont Mining Corp, T Boone Pickens, the Texas oilman who is head of an investor group that owns almost 10 per cent of Newmont, raised his
      NYT  -  596 words
    • 280 19 FT GENERAL MOTORS, the world's largest motor car group, is negotiating to sell its medium and heavy truck plant at Dunstable, Bedforshire, to Mr David J B Brown, chairman of a group of vehicle production companies based in north-east England. If the
      FT  -  280 words
    • 99 19 NYT TEXACO INC, which is operating under bankruptcy court protection from its creditors, has asked a court to allow it to tack on as much as US$2.5 billion in wage and bonus guarantees in the event of a hostile takeover. The request has spawned a series of
      NYT  -  99 words
  • Page 19 Advertisements
    • 278 19 30 minutes from international airport. 100 acre freehold 18 hole golf course (par 66) with a further 25 acres of development potential overlooking water. established 8 years. price around As 4 million. CONTACT: Chris Weir Bain A Company Pie Ltd Phone: *****77 Telex: RS ***** FILL IN SOMEONE OVERSEAS ABOUT
      278 words

  • 501 20  -  Corporate banker dispels myth By SOH TIANG KENG, Financial Correspondent THERE ARE strategic advantages for companies in Singapore and the region to offer their shares in international capital markets, a Hongkong-based corporate banker said yesterday at a conference on equity issues and equity-linked debt.
    501 words
  • 190 20 AFP LOCAL reaction to Treasurer Paul Keating's near-balanced Australian budget was begrudgingly positive, with major newspapers and analysts in Sydney yesterday saying that the government appeared to be on the right economic track. Leading national business daily the Australian Financial Review, while commending the
    AFP  -  190 words
  • 288 20 Reuter HONGKONG'S committee on takeovers and mergers condemned Malaysian financier Lee Ming Tee and his associates for breaching the takeover code by their purchases of shares in lo-cally-listed Allied Overseas Investments Ltd. Mr Ray Astin, chairman of the group on enforcement of
    Reuter  -  288 words
  • 140 20 AFP THE Palestine Liberation Organisation yesterday said that it would seek a united Arab response to the closure of its offices in Washington. "The Palestinian struggle will not be affected by another hostile decision of the American Administration, which has not ceased
    AFP  -  140 words
  • 141 20 Reuter SOUTH KOREA'S main political parties yesterday cleared the final obstacle to parliamentary approval of a draft Constitution by agreeing to a compromise on the timing of general elections. Officials of the ruling Democratic Justice Party (DJP) and the Opposition Reunification Democratic
    Reuter  -  141 words
  • 263 20 Bernama KELANTAN Chief Minister Datuk Haji Mohamed Yaacob foresees the possibility of Oatuk Seri Or Mahathir Mohamad and Tengku Razaleigh Hamzah having private talks during the Prime Minister's visit to the state early next month. He told reporters that the two might
    Bernama  -  263 words
  • 179 20 Bernama MALAYSIA'S chief of defence forces General Tan Sri Ghazali Che Mat yesterday emphasised the importance of continuing with the development of the armed forces' capabilities in spite of adverse economic conditions and the financial problems faced by the government. Speaking at the armed forces' 54th
    Bernama  -  179 words
  • 88 20 Bernama THE MOVE by 12 members of the United Malays National Organisation (Umno) to seek a court order declaring the April Umno general assembly null and void is a "slap on the face" for Malays, according to acting Umno Youth leader Datuk Seri Najib Tun
    Bernama  -  88 words
  • 330 20 Reuter TAIWAN s foreign exchange reserves have hit a new high of US$64 billion. Central Bank governor Chang Chi-Cheng said yesterday. Another senior Central Bank official predicted that the figure could rise to US$6B billion by the end of the year. Mr Chang
    Reuter  -  330 words
  • 587 20 Bernama KUALA LUMPUR High Court yesterday struck out a summons against the Sultan of Selangor filed by Member of Parliament Karpal Singh, who claimed that a statement by the ruler that he would not pardon anyone sentenced to death for drug trafficking in Selangor
    Bernama  -  587 words
  • 184 20 Bernama THE KUALA LUMPUR High Court will hear on Monday an application by United Engineers Malaysia Bhd (UEM) to strike out the suit brought against it and three others relating to the company's proposed contract with the government for the privatised M
    Bernama  -  184 words
  • 87 20 COMEX gold futures hovered unchanged yesterday on scattered support stemming from dealer hedge-buying to offset sales in the physical market. In thin morning business, December gold held around Tuesday's settlement of U*****.90 an ounce after a narrow fluctuation from U*****.50 to U*****.90. Analysts said professionals provided most of
    87 words
  • 79 20 AP WALL STREET stocks declined yesterday morning in a car-ry-over of selling from Tuesday s sharp drop. The Dow Jones Average of 30 industrials fell 8.49 points to 2,558.09 in the first hour of trading. Losers outnumbered gainers by more than 5 to 2 in the overall
    AP  -  79 words
  • LATE FILE
    • 48 20 AFP NEC CORP, a major Japanese electronics equipment maker, yesterday announced plans to build a plant in Singapore to produce semiconductor chips. The plant is to be completed at a cost of about 1.5 billion yen (US$lO.4 million) by next June. AFP
      AFP  -  48 words
    • 52 20 AFP JAPAN'S industrial production rose one per cent in July over a year earlier, reflecting a recovery in the Japanese economy. The figure was an upward revision of a 0.3 per cent rise recorded in a preliminary report, the Ministry of International Trade and Industry
      AFP  -  52 words
    • 29 20 AFP THE DRAFT French Finance Bill for 1988, examined by the French Cabinet yesterday, envisages a budget deficit of 114.9 billion francs (U5519.15 billion). AFP
      AFP  -  29 words
    • 56 20 AFP A LEADING Soviet economist, Oleg Bogomolov, director of the Economics of the World Socialist System Institute, yesterday admitted in an article published in the weekly Moscow News that official Soviet statistics had understated the annual rate of inflation, indicating that the real figure stood at between
      AFP  -  56 words
    • 35 20 Reuter TWO MEMBERS of a banned Muslim extremist organisation appeared in a Jakarta court yesterday charged with plotting to overthrow President Suharto to set up an Islamic state in Indonesia.
      Reuter  -  35 words
    • 46 20 Reuter A TOP INDIAN general promised yesterday to protect Sri Lankans from marauding Tamil militants who massacred 75 people. But General Depinder Singh, Commander of the Indian Army's Southern Command, gave no assurance that his peacekeeping troops would disarm the gunmen. Reuter
      Reuter  -  46 words
    • 58 20 Reuter CHINA yesterday accused Amnesty International of bias after it alleged widespread torture in China. A foreign ministry spokesman said it was inevitable that human rights abuses would occur while China was still developing its legal system so as to put an end to such
      Reuter  -  58 words
    • 36 20 Reuter INDONESIA'S Armed Forces Daily has welcomed an apparent change of attitude in Lisbon toward its former colony of East Timor and called for renewal of diplomatic ties between the two countries.
      Reuter  -  36 words
  • Page 20 Advertisements
    • 170 20 File this in October WE SPEND up to a third of our lives there. Some, well over half their waking hours. Many of our best moments and a few of our worst are played out in its inner spaces. And we strive at all levels to make it a conducive
      170 words
    • 22 20 hwm i r>.s/ f <c *m 'a* Sin Ch in h is n Sp We See An< Spg For HoU Chali Tung
      22 words

  • SHIPPING TIMES
    • 464 21  -  By LINDA CHEE EAC-PNSL Service Ltd has announced a major revamp of its service between the Far East and Western Australia, with changes involving a third vessel, reflagging, new containers, and larger capitalisation. The service has re-char-tered two 350-TEU Strider vessels presently used
      464 words
    • 272 21 UPI OCEAN TRANSPORT and Trading PLC announced it has acquired Italcargo SPA, the leading freight forwarder and Customs broker, for an undisclosed price. The company will become part of Ocean s international freight forwarder, MSAS Cargo International. The new operation will trade under the name
      UPI  -  272 words
    • 258 21 AFP CHINA, which in less than a decade has become a major shipbuilding nation, now wants to build ships for the United States, according to a published report in New York, quoting an official of the stateowned China State Shipbuilding Corp. Pan Zengxi,
      AFP  -  258 words
    • PORTSIDES
      • 115 21 FRENCH carrier Compagnie Generale Maritime will begin a monthly service from the US Atlantic port of Charleston to Spain, France and Italy from Sep 22. The 1,467 TEU CGM Rostand, will be followed on Oct 18 by the CGM Rousseau. Another sistership, the CGM Rodin,
        115 words
    • 951 22 Equipment onboard ship should be designed for fault-correcting rather than being "Idiot proof", especially when manning levels start to fall to critical points. Above all, equipment that would monitor and sound alarms when wrong inputs have been made by the operator becomes most
      951 words
    • 228 22 AP A NAVY TASK force sailed on Tuesday from southern Italy on a mine-sweeping mission to protect shipping and Italy's petroleum interests in the Persian Gulf. A first group three frigates and supply ship left from the port of Taranto after Defence Minister
      AP  -  228 words
    • 731 22 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpt X 4/5 Anship Int'l V 4 Anro Service IV 2/3 ANl 1 1/2 A PC line V 4 API III 2/3 Arrow lines X 3 ASCI
      731 words
    • 1341 22 MORE evidence of the easier trend for grain fixing on Tuesday out of the US was provided with a vessel reported to have been arranged for light grain from the Gulf to the Continent at about US$9.5O compared with $9.75 previously, shipbrokers said. Interest was still seen for
      1,341 words
    • 163 23 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): "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 Djakarta Lloyd Nedlloyd
      163 words
    • 151 23 AFP A UNITED STATES marine agency is to help South African researchers to identify a British vessel which disappeared near the east coast city of South Africa in 1909. On Monday Cape Town-based marine geophysicist Andries Cornelissen said he may have
      AFP  -  151 words
    • 400 23 Lloyd's List FRED OLSEN Co of Norway is to become one of the world's leading operators of one million barrel-size tankers following a purchase deal reportedly worth US$65 million. Under an agreement, clients of the Oslo-based company will take delivery of five
      Lloyd's List  -  400 words
    • 224 23 Fairplay PRIME MINISTER of India Rajiv Gandhi has announced that the United Nations has registered India as a "pioneer investor" and granted it "exclusive rights' to explore about 52,300 sq km in the Indian Ocean under the UN Law of the Sea. He
      Fairplay  -  224 words
    • 209 23 ALL SURVEYS were conducted on Sep 7 Argentina Buenos Aires Normal operation. Australia Brisbane, Melbourne and Sydney Normal operation. Bangladesh Chittagong 30 vessels operating. Brazil All ports Customs officials' work to rule delays operation. Cameroon Douala Rain delays operation. Canada Vancouver (British Columbia) Waiting time of up to
      209 words
    • 119 23 Bernama Es INDUSTRIAL Boilers and Allied Equipment Sdn Bhd (IBAE). a boiler and pressure vessel manufacturer in Malaysia, plans to take a more active role in the oil and gas industry. This follows the granting of an additional code or stamp of
      Bernama Es  -  119 words
    • 289 23 REGIONAL Shipping Services has imported from Japan a high quality moisture-absor-bent material to protect against the costly risk of sweat damage to cargo in containers during transit. The product, called NonSweat, is made of non-woven fabric coated with water-ab-sorbing polymer. Properly
      289 words
    • 9843 28 A guide to ships loading at Singapore tor 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 Singapore.
      9,843 words
    • 1367 29 AT CONVENTIONAL WHARVES VmmI B«rt h Arrival Dtparlurt KEPPEL WHARVES Au6y K25f olongsid* I7 09O600 Hon,on. Hong Woon KI9 Ok>ng»4« 17 *****0 K2I ok>ngud« 17 *****0 Huong long K27 O'Ongi.O# IS 09 1830 lnotoi*v»o f 28 olong»d« 1709 0600 Ko»0 K3I (Hongiid* *****600 S"0» Novo# *33 otongsid*
      1,367 words
    • 125 30 Araa/Port Viscosity CST at 50C Density G/ML at 15C Water Volume 0/0 Africa/Red Sea Jeddah Durban Arabian Gulf 161/196 24/186 0.951/0.974 0.950/0.993 0.1/2.2 0.0/0.8 Ras Tanura Bahrain Europe 110/154 132/199 0.941/0.950 0.965/0.976 0.1/0.1 0.0/0.1 Rotterdam Hamburg Le Havre Genoa Far East 26/530 33/415 23/362 34/416 0.935/1.010
      125 words
  • Page 21 Advertisements
    • 728 21 How S.K. Asia upset the logical West HILARIOUS TRAGIC DANGEROUS iiV\ f' A~ i y.ui i 1 i J J Available at all Good Bookshops STP Distributors 2 Juroog Pnti «o*d S-ngapofp OOCL Orient Oveiqeas Co*bim\ Line NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORLD ROUTING WW/ JAROINE SHIPPING AGENCIES (R«(.
      728 words
    • 68 21 MPS A NAVY TASK force sailed on Tuesday from southern Italy on a mine-sweeping mission to protect shipping. Page II FRED OISEN Co of Norway is to become one of the world's leading operators of one million barrel-size tankers following a purchase deal reportedly worth US$65 million. Page 111 Index
      68 words
    • 1110 21 Av*l»t><> *1 all Good Bookshops Published by Cambridge Unrv«T**ty Pre»«. Uk r I ■Bvl 1 4i STP Distributors MAERSK LINE TRANSIT TIME TO CHARLESTON REDUCED BY 5 DAYS 29 DAYS FROM SINGAPORE 34 DAYS FROM PORT KELANG 33 DAYS FROM PENANG (wef Louis M. 8712 eta Sin 22-9-87) This week
      1,110 words

  • Page 22 Advertisements
    • 487 22 OUTiiOUND TO NORTH CONTINENT COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA "I f 1 1 I' lii i j Ji cjrjo to ill U.K. destination*. Scandinavian (Aarhus, Copanhafan. Gothondurf) and othor Europaan Inland points t Wast African Ports EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/
      487 words
    • 17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 439 22 izzcHEna EUROPE/FAR EAST CONVENTIONAL SERVICE VSL PT of LOG DATES PT KLANG LA CHESNAIS Bremen Hamburg-Antwerplmmingham 4-24/9 24/10 ANGELE N Hamburg 71-20/0 30/10 TBH Aviles-Santander 21-30/9 2/11 Further load/ discharging ports en route subject to sufficient inducement Singapore Off** MTM Spofe Tel *****00 Tlx: RS ***** MTMSEA Fax: *****45 TEL:
      439 words

  • Page 23 Advertisements
    • 1182 23 The Straits Steamship Group Mansfield Container Shipping Pte Ltd F&ocl^ p&o Containers Limited CONTAINER SHIP SERVICE TO UK/CONTINENT: OSAKA SAY KJTAMO UIU LAWS MY HOW KOMC EXPRESS CARDIGAN BAY BENAVON TOCAGA BAY TOKtO EXPRESS KOWIOON BAY HtANKFURT EXPRESS B'tamt R'dam 12/10 13/10 11/10 11/10 25/10 2*lo 2WO 30/10 03/11 04/11
      1,182 words
    • 509 23 NOTICE K LINE KINKAI M.V. "KICCHO MARU" V.52 ARRIVED: 27TH AUGUST 1987 Consignees of all damaged cargoes ex the captioned vessel are hereby notified that a general survey will be held on 18th September 1987 (Friday) at Keppel Wharves K2O from 0900 hours to 1200 hours. No farther survey will
      509 words
    • 109 23 EUROPE/MED VESSEL DUTCH SEHATM EF 711 |20M •EL6IAN SEHATM EE 712 |Z7 M HOHEKOHS SEHATM EE 713 TAIWAN SEHATM EE 714 ACCtmK CARfiO TO FROM NAM ME inrirmi SjBnQQjM uj-lmiiwi ■rrTTirnrrii SENATOR urnF USA/PANAMA VESSEL DUTCH SEHATM EF 711 27.M BEL6IAH SEHATM |EF 712 07.11 EF 713 21.10 TAIWAI SEHATM
      109 words

  • Page 24 Advertisements
    • 189 24 1 Hapag-Lloyd REMOVAL NOTICE WE ARE PLEASED TO INFORM YOU THAT WE WILL BE MOVING TO MARINA HOUSE #20-02 70 SHENTON WAY SINGAPORE 0207 FROM MONDAY 21ST SEPTEMBER 1987 TELEPHONE *****00 m Agents SOUTHEASTASIA PTE. LTD. INTERNATIONAL FREIGHT FORWARDERS CONSOLIDATION SERVICE WEEKLY FROM PT. KELANG j Accepting PCL and LCL
      189 words
    • 881 24 JIG.&.IjINE man "it co*'mi rim *Suf* FULLY CONTAINERISED SERVICE r TO EUROPE VIA Memtofr ol ttw Ace Consortium S pore LeMavre Rdam Fstowe H burg B ha»en VERRA2ANO BRIOCE 88W 199 710 910 12/10 HONGKONG CONTAINER SIW 219 810 1010 11/10 13/10 14/10 TRANSWORLD BRIOCE 31W 279 14,10 16/10 17
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    • 406 24 FREIGHT LINKS EXPRESS SINGAPORE: *****45 (25 LINES) KUALA LUMPUR (03)*****80/1 PENANG (04)*****9/*****5 WEEKLY CONSOL TO: PORT KELANG PENANG DEP: EVERY SAT .ACCEPTING FCL/LCL TO JAKARTA 23/9 30/9 HONG KONG 20/9 29/9 BANGKOK 19/9 26/9 KEELUNG/KAOSHIUNG 20/9 27/9 MANILA 23/9 30/9 BUSAN 19/9 24/9 TOKYO/YOKO 23/9 30/9 LOADING FOR SYD, MELB,
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    • 1323 24 ♦i A AIYAUiJ, All ill 3Ud) Xi 9 I*/U I EVERGREEN Full Container Service > ound-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER CLORY/EVER GREET In Pt 21/9 23/9 21/9 IJ/; EVE* LINKING 2319 2219 29/9 1/10 EVER GLOBE 1/10 4/10 MO MO n EVER GENTLE 7/10 11/10 13/10 15/10 v EVER GENTRY
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  • Page 25 Advertisements
    • 687 25 V r\ PACIFIC INTERNATIONAL LINES *V\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 INDONESIA CONTAINER SERVICE VOY SIN SBV •70S Sid Sid •735 Sid Sid •707 20/9 23/9 •737 27/9 30/9 SMG SIN BLW PEN Sid Sid 17/9 18/9 22/9 24/9 2S/9 28/9 29/9 30/9 2/10 8/10
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    • 290 25 iNORBUL WyJ NORBULK CARGO SERVICES LTD. T* REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS TO: INDIA/PAK/RED SEA PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL *****66 W MALAYSIA S P YEO SHIPPING t TRADING KL TOSW6 PK *****1 PENANG TANJUNG MARINE SDN BHD TEL *****5 SABAH TRANSPAC K
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    • 783 25 1 i I BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT OuU Bat Kitano ttaru Larp B<y Hcnfkonf Eiprett Cardigan by Benaron Tsl*|a Bay To»io Eiprtii Kewioon ftlf Frankfurt Eiprett EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAM Larp Bay biM TeAyo Bay Sail* Kamatura Maru Sa lad Cam nan Bay Sailed
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    • 656 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VESSEL/VOY PALEMBANG, 7WB GANOA GAMA 19WB MATARAM 19WB S PANJANG 17W8 ANTWERP BILBAO BREMEN A DAM/R DAMH'BURC 24/10 21/10 31/10 11/11 14/11 23/11 2/11 WU
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    • 470 25 page v BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR BHIPPIHG CORPORATION (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok HTONEYWA VZ27W 22/24 Sept PAGAN VIIIW 22/24 Sept •SACAINC 24/21 Sept loading (or Europe *3 BANK LINE EXPRESS SEMI-CONTAINER SERVICE NORTHBOUND TO UKC SPORE ROAM HULL HMBG CLYDEBANK V2IN 6/10
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  • Page 26 Advertisements
    • 1266 26 "K"LiriE SHIPPinC OPITPI flTLflrmC COAST (Round-The-World Service) BROOKI VN RDinrc w. PK/PNG S LB CHLS NFK NYC HFX »sep sx sss 2 72? ss ;s "Si PACIFIC SOUTH-WEST FEEDER VSL "PK/PNG SP MOTHER VSI LA/LB OAK CHICAGO NEW YORK BROOKLYN BRIDGE V 4 Sid 18 Sep H.H BRIDGE 7 11
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    • 658 26 f <'M6 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers ffdf P Kftont S port KMb from Sydn Also Acctpts "CHANDIDAS" i2l 20 Sept 6 Oct IS Oct 13 Oct AM/Bm "RAVIDAS" Y. 36 IS Od »Oct 9 Nov 7 Nov Adel/Bm INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Sinaport P
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    • 719 26 GOLDEN LINE WK 2>l GUAN GUAN SHTPMG (PTE) LTD 23 TiM If Mreef V 4 SMUTOK DIM 111 VJ4JW (M l*S) Far SMSM STRAITS/PERSIAN GULF SERVICE: S'po* P KetanfPanane GOLDEN HARVEST Cotombo/Karachi/Dubai 26/27 Sept GOLDEN HAVEN Colombo Karachi/Muscat V* Oct CHINA SERVICE A VESSEL Hsinkarn/Shanfhai 24/25 Sept v CHINA OCEAN
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    • 481 26 an w 1/10, uao PHILI-Oni€NT LINfS PT€ LTD W£AO OffiCt 63 Roe NSON RO«! '07 17 AFRO AS A BUILDING SINGAPOFE 01C5 TEIEK RS ***** PHIL! FA* ?r.567E EAST/FAR EAST FCL LCI SERVICE DOHA. MUSCAT. BAHRAIN. ■MIMpH JEDOAH. HOOEJDAH. AQABA H KONG KOBE. KHLUNG MANLA. BANGKOK. TOKYO. COLOMM. KAAACHL WMAV
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  • Page 27 Advertisements
    • 960 27 \\NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A memb. TO EUROPE/UK (VIA SUEZ): PKe n Sport Z. VR BRIDCt 88W In Pt 19,"9 06 10 UK CONTAINER 51W (19/S) 21 9 07 10 IWBRIDCE39W (?5-9) 279 14/10 1 $S BRIDGE 62* (295) 01 10 1< 10 2 A
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    • 612 27 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG, BUSAN, INCHON Vessel's Name S pore No 1 Donam 707N 23/09 Gloria 71SN 27/0) M Enterprise/713N 26/09 No 7 Donam 707N 03/10 No 9 Donam,7o7N 12/10 No 6 DN/710N 15-17/ No t DN 708N 26/10 Fully containerised vessel
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    • 764 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55. Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office *****41/2 p a KELANc ddreSS SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG M S HANDLING SYSTEM CO SON BHD No 14 Jalan Cungah, Port Kelans.
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    • 31 27 CHARDS PARMA HEW GUINEA Agent Freight Management Regular reliable seafreight consolidation service to all ports in PAPUA NEW GUINEA RECEIVING CARGO DAILY AT PSA BLK 37 Call *****11 Mr Richard Khoo:
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  • Page 28 Advertisements
    • 326 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 <30 Lines i fAX *****39 *****76 TUEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTFRACHT/SEEREEDEREI RESTOCK INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO Accepting cargo for INDIA Bombay, Cochin Madras **VIA LARNACA Accepting cargo for Lattakia. Piraeus, Thessalomki, Izmir,
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  • Page 28 Miscellaneous
    • 180 28 Regional Weather /a Wj a S H2 N V A 1 12 1 35 c 8 s« I as w i 52 3 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed m knots Wove height LEGEND R Thunderstorm Temperature c X\ V Shower Weather
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  • Page 29 Advertisements
    • 299 29 um CALL US AT? P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE P KELANG MTHR VSL N DCJ IMA TO EUROPE FEEDER B. BUTANG 375 B. BUTANG 377 B. BUTANG 379 |B.
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    • 214 29 Scan Dutch V TO EUROPE (UK-NORTH CONTINENT-SCANDINAVIA) WEEKLY TO RED SEA-MEDITERRANEAN WEEKLY FEEDER VESSEL TO RED SEA-MEDITERRANEAN (CONT'D) SO Edo/020 SO Ledra/OSO SO Maaallla/030 SD Luzon/040 SO Callla/030 SO HonaHu/OSO FROM EUROPE S) LE HAVRE 14/8 M 2M FEEDER VESSEL B Butang/K Bhum B Butang/K. Bhurn B Butang/K Bhum B
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  • Page 30 Advertisements
    • 431 30 !*> FARGO SHIPPING COMPANY (PTE) LTD. REGULAR EXPRESS FULL CONTAINER AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europe/Mediterranean Vsl TNT EXPRESS E HUDIG BRUSSEL ANTWERP mm TIWBTWPaiIWBITiI 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49
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    • 842 30 SMN SOCIETE MAURICIENNE DE NAVIGATION LTEE INDIA OCEAN, SOUTH/EAST A REGULAR SEMI-CONTAINER SERVICE General Agents SEALION SHIPPING(S) PTE LTD TEL ??***** (5 lines) TELEX RS343M SELION FAX: 2250/41 I Ahtic* Ocean LiNis Lrd. NIGERIA, WEST AFRICA SERVICE VESSEL ETA SPORE Loading for MV EFESSOS 27/9 Lagos, Port Harcourt, Douala, Tema
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    • 695 30 POSEIDON CONTAINER ML TRANSPORT REGULAR TSR SERVICE LCL/FCL KABUL/HAIRATON/TORG/IRAN/E.BLOC WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK HONG KONG HAMBURG BANGKOK ROTTERDAM Agent NIHON-ASIA SHIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: ***** NAN-SHIN SHIPPING AGENCY JAPAN HONGKONG S PORE MALAYSIA WEEKLY SERVICE TO:HONGKONG Eta S'pore 24.9.87 BANGKOK Eta
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