The Business Times, 22 September 1987

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 112/12/86 TUESDAY, SEPTEMBER 22, 1987 75 CENTS
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  • 192 1 Exchange rates THE S$ closed slightly higher against the US$ at S$2.0870/80 (S$2.0875/85) in moderate trading yesterday, it rose against the M$, HK$, yen, DM, and Swiss franc but fell against the E. US$! 143.15/25 yen, 1.8090/810 DM, S$2.0870/80 US$1.6530/40 M$: S$0.8280/87 Overseas markets Monday HK Hang
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  • 696 1  -  Sesdaq's largest candidate worth $124 m based on $1.10 per share By AMY BALAN SESDAQ's largest and arguably its most celebrated candidate Singatronics has launched its public offering of 23 million shares of 20 cents each at $1.10 per share. Singatronics, which the influential Financial Times
    696 words
  • 263 1 SELLERS DOMINATED trading in the stock market yesterday, causing most counters to suffer double-digit losses. Losers overwhelmed gainers by 170 to 2. From the outset, selling pressure pushed prices down for the fifth consecutive trading day. By the dose, the Straits Times Industrial
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  • 391 1 AS THE only organisation that has at least the potential to protect the rights of small states, the United Nations could help its members adapt to the undercurrents in international politics. That's the thrust of what Foreign Minister S Dhanabalan will say
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  • 336 1 Reuter INDONESIA'S armed forces yesterday stepped into a row which has split the country's expanding textile industry, calling for unity to fight US protectionism. The army newspaper Angkatan Bersenjata said in an editorial that the textile industry should maintain unity in light of
    Reuter  -  336 words
  • 112 1 Reuter JAPAN has made public proposals to stop Japanese corporations bribing officials in developing countries. The proposals were outlined yesterday by an advisory panel to the Overseas Economic Cooperation Fund (OECF), a Japanese government agency which provides financing for development projects. The panel
    Reuter  -  112 words
  • 517 1  -  By ROSIE TAN THE PROPOSED sale of The Hour Glass, Transmarco Ltd's watch and jewellery subsidiary, has run into a legal snag. Dickson Trading (S) Pte Ltd has succeeded in temporarily blocking the sale of The Hour Glass to its founder
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  • Page 1 Advertisements
    • 109 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM .Your voice turns me on. A voice activated micro-cassette Business-confer from Sony, featuring:•VOR (voice-operated recording) brings hands-free operation «H (High):VOß operates at small sounds L (Low): VOR operates at bigger sounds OFF Normal recording only Fast playback. Listen to the tape contents rapidly. (+30%)
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    • 341 1 The flight path of capital THE RICH often get richer while the poor, poorer. This happens as much with countries as with individuals. A recent IMF study examines the problem of capital flight from those countries most in need of capital. Perspective, Page 10 Details, Pag* 14 Regional marfcits, Pagt
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    • 160 1 Hock Lock Slow, Pago 15 JUL itir UNICARD SB jmm iii «h» mi New sleek lines. Same unparalleled performance As you've probably noticed, we've given Singapore's original 24-hour ATM card a facelift. Needless to say, it's still the most valuable card you can have in Singapore. With 24-hour use at
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    • 22 1 J i Ikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Shipping Times comes as a separate section today. Make sure you get your copy.
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  • HOME NEWS
    • 311 2  -  By LOH HUI YIN KUWAIT PETROLEUM Corporation (KPC), which has plans to expand its business activities in this region, is firming up a long-term oil processing agreement with a local refiner that would enable it to sell jet fuel at Changi
      311 words
    • 149 2 SINGAPORE AIRLINES adds exotic Istanbul to its network of cities from next month the first airline from South-east Asia to fly to "the land where East meets West". Starting on Oct 29, SIA will fly every Thursday to Turkey's largest city and port,
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    • 426 2  -  By LILY FERNANDEZ TYLON (SINGAPORE) Re Ltd, a local subsidiary of Daiho Kogyo, has expanded its operations to the ground floor of an adjacent building following a pick-up in the electronics industry. Two weeks ago, the company advertised for production operators of
      426 words
    • 287 2 QUALITY CONTROL has enabled Housing and Development Board contractors to reduce delays in their projects by 80 per cent and the accident rate by a third, said HDB chief executive officer Liu Thai Ker yesterday. Three years ago, it was
      287 words
    • 129 2 TRADE INFORMATION in Singapore will be improved when the Trade Development Board opens its expanded Trade Reference Library on Monday. The library will move to bigger premises located next to Lift Lobby C, Third Floor, World Trade Centre, tomorrow. These premises were
      129 words
    • 280 2 A GROUP of 15 Singapore companies will leave today for a four-day visit to Brunei, hoping to clinch a portion of business from the country's hefty $2.6 billion construction development programme. Led by the Trade Development Board (TDB), the mission will hold a
      280 words
    • 544 2  -  By WILLIAM CHIA LOCAL FOOD and beverage manufacturers with the production capability should consider the advantages of going into contract manufacturing services. Mr Tan Jin Soon, food group chairman of the Singapore Manufacturers' Association (SMA), told members at a recent
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    • 183 2 JEANNIE LOW has been appointed market development specialist of Polysar International's Asian-Pacific regional office in Singapore. Ms Low graduated from the Singapore Polytechnic with a diploma in rubber and plastic technology. Before joining Polysar, she was with an international rubber trader and a manufacturer of artificial leather
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  • Page 2 Advertisements
    • 203 2 J I •■■fc v V--D) «iu»/| hrttuu //j/wv b*»r\t- tj»/W/;/«i' i\/rvw/i iW FLEET-FOOTED. In the foreign exchange markets, being fast on your feet is vital. Because a few seconds can make all the difference. That's why Bank of America's Financial Markets Advisory Service intently monitors every international market 24 hours
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  • ASIA-PACIFIC
    • 286 3 Reuter BANGLADESH is increasing taxes on incomes and luxuries to pay for relief operations after the worst flooding in 40 years. Finance Minister Mohammad Syeduzzaman announced on Sunday a 6 per cent surcharge on income tax for this fiscal year, which began
      Reuter  -  286 words
    • 350 3 AFP THE THIRD PLENUM of the Vietnamese Communist Party Central Committee recently decided to make state-run industrial plants autonomous units from 1988 so as to increase production and alleviate the burden on the state. The resolution, signed by General Secretary Nguyen Van Linh
      AFP  -  350 words
    • 229 3 Reuter WASHINGTON is asserting itself as the "judge, jury and executioner" of fairness in international trade, a senior Japanese official said on Sunday. Japanese consul general Hidetoshi Ukawa said that recent US congressional moves to sanction countries deemed to rely on unfair trade practices were
      Reuter  -  229 words
    • 170 3 Reuter FINANCE minister Roger Douglas said he rejected a New Zealand Institute of Economic Research (NZIER) forecast of a NZ$l billion shortfall in goods and services »ax, GST, revenues. The NZIER report, which was released yesterday, forecast a budget deficit of NZ$6OO million in the
      Reuter  -  170 words
    • 128 3 AFP TOTAL INVESTMENT in the Philippines fell by 35.6 per cent in August, the Securities and Exchange Commission (SEC) said in Manila yesterday. Investment dropped from 836.8 million pesos (US$4O.6 million) in July to 538.9 million pesos (US$26 million) in August, the SEC said in an
      AFP  -  128 words
    • 233 3 AFP GROWING unemployment in Sri Lanka's southern districts could lead to a major youth revolt against the government, Finance Minister Ronnie De Mel has warned. Mr De Mel told planners in his ministry that there could be a repetition of a bloody
      AFP  -  233 words
    • 219 3 Reuter AUSTRALIA'S Budget, handed down last week to overwhelming support from financial markets, has failed to tackle major economic problems, a senior Cabinet minister has said. Finance Minister Peter vyalsh said Treasurer Paul Keating may have oversold the 1987/88 Budget and that Australia still
      Reuter  -  219 words
    • 466 3 Bernama ES ASEAN WILL not only emerge as the future centre for high-tech-nology products but also as a source of supply of such components to the United States and Japan, a Japanese academician said yesterday. Professor Gen-lchi Nakamura, the president of the
      Bernama ES  -  466 words
    • 248 3 AFP SOUTH KOREA s rival opposition leaders agreed yesterday to choose a single opposition candidate for December's presidential elections by the end of September. Mr Kim Young-Sam. president of the main opposition Reunification Democratic Party (RDP) and Mr Kim Dae-Jung, the party's
      AFP  -  248 words
    • 182 3 AFP SOUTH KOREA'S 23-mem-ber Cabinet has formally approved a constitutional amendment Bill which will pave the way for direct presidential elections in December. President Chun DooHwan placed the Bill on public notice yesterday, to be voted on in parliament on Oct 12 and then put to a
      AFP  -  182 words
    • 106 3 Bernama USNO PRESIDENT Tun Data Mustapha Datu Harun has refuted claims that Usno's defeat in the Bongawan state by-election on Saturday was due to disunity among party supporters. Based on the information received, he said the defeat was more likely due to threats used by the Parti
      Bernama  -  106 words
  • Page 3 Advertisements
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    • 162 3 a With 700 luxurious rooms and suites each overlooking the Chao Phraya River, the Shangri-La is truly a city resort in the heart of Bangkok. Set amidst beautiful landscaped gardens, it offers an extensive g Shanari-La hotel range of leisure activities as well, of course, as the standards of personal
      162 words
  • Page 3 Miscellaneous
    • 19 3 Doonesbury wmmvmm <4 TM JUST A 3IUJQNAIRB PEVELOP--5R EXERCISING HIS RIGHT TO FLOAT TRIAL BALLOONS'. r;f BY GARRY TRUDEAU
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    • 119 3 na ft 22/11 Rain 15/08 Cloudy 35/25 Hazy 16/09 Cloudy 22/16 Cloudy 26/12 Ooar 33/25 Cloudy 09/05 Cloudy 17/09 Cloudy 27/24 Cloudy 33/25 Cloor 36/21 Cloar 26/17 Cloar 34/25 Sunny 28/17 Cloar 19/09 Cloudy 14/06 Cloudy 32/23 Rain 19/15 Cloudy 27/23 Rain 23/18 Sunny 23/16 Cloudy 32/19 Cloar 34/24 Cloudy
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  • REST OF THE WORLD
    • 789 4 'Quick response' system to counter imports NYT APPAREL manufacturers may have found an alternative to restrictive trade legislation to help them check the rising sales of imported apparel in the United States. Industry officials are optimistic that they can gain an advantage over their
      NYT  -  789 words
    • 501 4 NYT AFTER MONTHS of discussion, the Reagan administration has tentatively decided to raze and rebuild at least five floors of the new eight-storey embassy building in Moscow at a cost of at least US$92 million, according to senior administration officials. Rebuilding the
      NYT  -  501 words
    • 408 4 UPI SENIOR US envoys to the United Nations are living in lavish U557,500-a-month apartments, illegally commuting to work in chauffeur-driven cars and buying US$l25 meals all at US taxpayers expense, a closely held State Department report shows. The scathing
      UPI  -  408 words
    • 504 4 UPI THE US Defence Department is testing the idea of creating a fleet of expendable wartimfl satellites that could be easiljPj launched, possibly from truck beds, to keep intelligence data flowing and to foil sophisticated Soviet space weapons by sheer volume. "The
      UPI  -  504 words
    • 757 4 NYT "TEA?" mused Christopher Wheeler, a young British stockbroker. "I never touch it." At Rudland Stubbs, a bustling lunch spot for London's young well-fixed strivers, the general manager, Peter Tolaini, was equally dismissive. Sure, a few patrons still order it, but coffee outsells tea tenfold
      NYT  -  757 words
  • 956 4 ARRIVALS Operator Service number Local rime From SIA CAL JAL FT MAS SV MAS MAS AC SIA CPA MAS MA GU SIA SIA SIA THAI Al MAS GU SIA SIA SIA GU AY SIA SIA UJFT GU SU SU SU THAI SV GU THAI CPA son 0341
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  • Page 4 Advertisements
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      109 words
    • 224 4 FI 1£ \I J m Ifl 1# The business person's choice, every I I II 111 I Tuesday, Thursday. Saturday and I 1 t\ \l II Sunday. Leaving Changi Airport at JL Wyi. 1 A 22:05 hours and arriving at Lester B. Pearson International Airport the following day. Call your
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  • Page 5 Advertisements
    • 385 5 •-V: Occasional ly, one has to put ones' foot clown to show who's in chaise. ST* ft B9 c *«4 A m 3 m <£rvs art X"v R ft *5. **r« r> !*V» C •I i »a r Lrz if,T„ < 111 !U r I rsc JtlXO JL JVf.-V.'- T
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  • MONEY AND EXCHANGES
    • 565 6 BA Futures DECEMBER Eurodollar yesterday opened 9 ticks higher at 91.75 as market outlook turned slightly positive on reports that Fed could hike discount rate on stronger inflationary pressure and target range of 140-150 yen reaffirmed at the coming G-meeting. The December contract edged to 91.80 from 91.74 before
      BA Futures  -  565 words
    • 65 6 THE OVERNIGHT RATE on the Singapore interbank market fell 1/4 point to 4-1/4 per cent yesterday. The one-month term rate rose 1/8 point while the two- and three-month rates rose 1/16 point. S$ Interbank rates at 7pm yesterday: OFFW BIO Ownighi 4 1/4 4 1-nomti 4 7/16 4
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    • 1182 6 SINGAPORE: THE US dollar yesterday closed higher against most major currencies. with its rise mainly recorded at the opening session on short-covering interest, dealers said. They said the dollar firmed at the start, encouraged by a Japanese newspaper report on Sunday quoting an unnamed US monetary official as
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    • 1216 6 CURRENCY FUTURES OPTIONS IMM Friday, Saptambar 1$, 1987 BRITISH POUND C2S,000; onto par C Mr*i MM OCK CfllMM la Dae-c am Oct* Nav-a Oac-p 1600 4.95 5.30 5.70 0.10 040 0.90 1625 2.85 3.45 4.00 0.45 145 1650 1.25 2.00 2.60 1.40 2.15 270 1675 0.40 1.10 1.55 3.05
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    • 361 6 ASIAN DOLLAR deposit yesterday rates closed little changed from opening levels, after a day of quiet trading, dealers said. They said most operators were sidelined due to a lack of fresh factors and also uncertainty over the dollar's near-term direction. Short-dates were steady to slightly lower at
      361 words
    • 82 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity (ID OFFER HIGH LOW 3 months 6 months 1 year BQ*****W BS*****Z BY*****S 17.12.87 3.29 21.01.88 3.35 30.06.88 3.52 3.24 3.30 3.47 3.29 3.24 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID
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    • 182 6 Indicates the average of I the prima lending rata* oI 12 ma for banks In S'pore Interbank market rates (offer/bid) on Sep 21 us$ DM SWFC Y«n 7 doyt 7 J/1* 1/U 3/4 J/0 3 13/16—11/16 13/0—I/O J-47/1 1 7 9/1* 7/16 9 1 J/16 H/16 4
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  • Page 6 Advertisements
    • 97 6 If it's not from a real tandoor, it's not Tandoori chicken HeaJ Chef Channa. Tan dt kit. Head Chef Channa insists that his celebrated Tandoori Chicken can only he created in the traditional way. No short cuts for him. "It takes the scorching embers of a genuine tandoor to bring
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    • 192 6 ASIA. PACIFIC GAS CONFERENCE January 31stFebruary 2nd, 1988 Hyatt Regency Singapore 1 9 8 8 The Challenges of the future in the Asia and Pacific Basin for the gas and related industry. The 2-day programme is designed to assist senior executives in the gas industry and related fields to determine
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  • BANKING AND FINANCE
    • 570 7 Reuter AS BANKERS and officials gather in Washington this week for the annual International Monetary Fund and World Bank meetings, there are ominous clouds on the debt-horizon originating from Latin America. The meetings come as Brazil, the developing world's biggest
      Reuter  -  570 words
    • 390 7 AP BRAZIL will seek a non-conven-tional long-term renegotiation of the U*****.7 billion foreign debt as well as short-term solutions, its finance minister says. Despite recent criticisms of a radical plan to transform half the foreign debt into bonds. Mr Luiz Carlos Bresser Pereira
      AP  -  390 words
    • 255 7 WITH LOCAL interest rates believed to be bottoming out, Overseas Union Bank is offering its customers the choice of fixed or floating rates housing loans effective yesterday. An OUB spokesman said that the reason for the move was to offer more financing options to customers. However,
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    • 486 7 Reuter US DEBT FUTURES traders are shifting their attention to Washington, amid uncertainty about the direction of the US economy and dollar, financial analysts said. Trading activity has slowed as investors look ahead to several key economic developments that could lend the dollar and
      Reuter  -  486 words
    • 862 7 NYT WITH JAPANESE companies adapting so well to the yen's huge appreciation against the dollar, the yen is likely to rise even further over the next year or so. according to many analysts in Tokyo. Until recently, many economists and business executives in
      NYT  -  862 words
    • 275 7 Reuter AUSTRALIAN Prime Minister Bob Hawke said he did not believe the Australian dollar would keep rising, despite some business concern. "I don't think that the Australian dollar is going to keep climbing spectacularly When you float the dollar, the effect
      Reuter  -  275 words
    • 138 7 Reuter JAPAN'S three long-term credit banks are likely to decide this Thursday to raise their long-term prime rate for October by 0.3 to 0.5 of a point, banking sources said. September prime is 5.2 per cent, unchanged from August despite sharply higher bond
      Reuter  -  138 words
    • 325 7 NYT A SYSTEM to connect banks and brokerage firms by computer was patented this week for the Advest Group Inc of Hartford. The system, for example, would enable money deposited in a brokerage account to be transferred to the client's bank account. Patent
      NYT  -  325 words
    • 117 7 Reuter HONGKONG and Shanghai Banking Corp chairman William Purvas warned that the Britiah colony could lose financial competitiveness due to emigration of skilled managers ahead of the transfer of power to China in 1997. "We must ensure that Hongkong does not suffer the
      Reuter  -  117 words
  • Page 7 Advertisements
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    • 11 7 Capital flight hindars flow of funds to dabtor countries, Paga 10
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    • 211 7 IMgrf States Constitution Coins Struck by the US Mint to honour the 200 th Anniversary of the United States Constitution. St 7.)f, 'V It v i"A <> < DIM 4irf 4ft 5* f <SLSll V IT i> 111 Colas do aot reflect actaal Mwe The Gold Five Dollar Coin Struck
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  • COMMODITIES
    • 338 8 Bernama ES THE SOVIET UNION is directing immense efforts to the research and development of synthetic rubber but is nevertheless expected to increase its consumption of natural rubber (NR). Ahmad Farouk Ishak, chairman of the Malaysian Rubber Research and Development board (MRRDB), said
      Bernama ES  -  338 words
    • 403 8 Reuter CHINA's grain prices must rise and the national diet must change to ensure sufficient grain for everyone, Agriculture Minister He Kang has said. The Farmers Daily yesterday published a wideranging article in which the minister revealed the difficulties of trying to feed
      Reuter  -  403 words
    • 504 8 AFP ESTIMATED sales of South African minerals reached a record 28.9 billion rands (US$l2.7 billion) last year, according to the 1986 review published in Johannesburg last week by the Chamber of Mines of South Africa. In the review, the Chamber, which
      AFP  -  504 words
    • 151 8 AFP THE MALAYSIAN Rubber Research and Development Board warned rubber exporters Friday not to take the Taiwan market for granted while competitors secured market niches, Bernama news agency reported. Local rubber exporters took the Taiwan market for granted despite its vast
      AFP  -  151 words
    • 284 8 Bernama ES MALAYSIA exported 4,335 tonnes of tin in July against 4,327 in June and 2,942 a year ago. according to figures released by the Statistics Department. This brought the cumulative tin export for the first seven months of the year to 30,388 tonnes
      Bernama ES  -  284 words
    • 276 8 Crude palm oil Mures yesterday closed steadier on the Kuala Lumpur Commodity Exchange in moderately active trading. Spot month October was up Msl9 to $769 per tonne while November was st $770 for a $23 rise. December gained $19 to $769. Turnover rose to 767 lots from 186
      276 words
    • 73 8 THE Far East markets were generally quiet with the start of the APPEC Conference in Singapore. Except for naphtha, most products remained notionally stable. Dubai (Oetl W M T oi USJ/barral Otang* 14.93 +aoj wn (Oct) 19.57 -001 Products (FOB S'pore) USS/barrel Oiangt Kir 23JO 003 GOMI
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    • 101 8 Reuter THE PRICE of tin on the Kuala Lumpur Tin Market yesterday eased a cent from Friday's close to M 516.99 per kilo In brief and quiet trading. Turnover totalled 88 tonnes compered with 91 on Friday when offerings Included 30 tonnes of Indonesian mentok tin. Strong support
      Reuter  -  101 words
    • 332 8 HONGKONG: GOLD yesterday closed little changed in thin and dull trading in the absence of fresh factors, dealers said. The metal ended at U*****.80/459.30 an ounce against the 459.00/40 close here on Saturday and the 458.30/80 finish in New York on Friday. On the local market gold shed
      332 words
    • 242 8 Chinese Produce Exchange SotlorV noon doling pr k*t on Sep 21 (SS/100 kg) Coconut oil Buft FOB 95.00 Old drum FOB 105.00 Now drum FOB J 09.00 Copra Mixod (loo**) 56 ttllort Pepper Muntofc wMt* FOB NIW 1310.00 Sarawak white FOB faq NIW 1295.00 Sarawak ipodol block FOB
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    • 414 8 Reuter SMGAPORE THE MARKET yesterday closed lower with October 1 RSS buyers quoted at 220.00 cents/kilo, down 2.50 cents from last Friday, dealers said. The morning session lost 1.25 cents in thin trading on lack of buying interest with lower Tokyo advices also depressing sentiment, they said. Dealers said
      Reuter  -  414 words
    • 280 8 RAS prices In S c*nt»/fcg, FOB In tela NOON CLOSE Buy on S*M*rs Buyors e —m oeiierj In* 1 RSS Prompt 224.50 225.50N 223.00 224.00N Int 1 RSS Oct 87 221.25 221.75 220.00 220.50 bit 1 RSS Nov 221.50 222.00 220.00 220JO bit 2 RSS OP 218
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    • 82 8 (cants/kg, 1 -ton polton) OCTOftCT 87 NOVEMBER 87 (current month) (forward month) RAS NOON NOON Iwyan S^Wrt Stlitn SSI 30 21 3.50 215 JON 213.50 215 JON SU 50 212.00 214.00N 212.00 21 4.00N MRELB fcjyn luyOTl ;»n«n SMI cv 271 50 273J0N 272.50 274JON SMI I
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  • Page 8 Advertisements
    • 176 8 From bumboats to giant container vessels: we've been financing trade in Singapore for over 80 years. ■'■iSmgsm ay. -V m tit m c. iimlM «.>:«• J&LI I r* 9 vl I IC •< ri i. i -15 V £1* •'I In the past, we were established to finance import and
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  • FOCUS
    • 1081 9 It all started when the Soviets deployed the potent SS-20 in Europe. The US retaliated by installing Pershing II and cruise missiles in Germany and other Nato sites. That was 10 years ago. Now the time seems ripe for a gradual disarmament
      AP  -  1,081 words
    • 643 9 US-Soviet missile pact an undertone of worry in W Europe AP WEST EUROPEANS view a tentative US-Soviet agreement to destroy mid-range nuclear missiles as a potential launch pad for broader improvement in relations with the Eastern bloc. But beyond public praise for the nearly-completed deal announced last Friday is an
      AP  -  643 words
    • 701 9 George Shultz a bit of an enigma Reuter ;TALL, DOUR George Shultz has achieved the pinnacle of success in business, scholarship and statesmanship, but he remains something of a buddha-like enigma to the public and intimates alike. "Oh, he's just the same at ;home just like a buddha," his ■wife
      Reuter  -  701 words
  • Page 9 Advertisements
    • 175 9 In Singapore, there's only one hotel that captures the legend by nature. > -i rN THE ORIENTAL SINGAPORE For your out-of-town guests who have sampled the delights of a Mandarin Oriental Hotel, there's no need to explain the legend. For any guests who haven't, this is their chance to experience
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  • PERSPECTIVE
    • 507 10 THE TEXTILE and garment trade is ridden with sensitivities. Quotas are also a "touchy" subject. Put them together, and you get a potentially explosive situation. Little wonder then that local manufacturers got so agitated when the government, through the Trade Development Board, proposed a partial auction of
      507 words
    • 993 10  -  The International Monetary Fund has examined the phenomenon of capital flight and its effects on the debtor nations of the Third World. STEPHEN FIDLER gives the details. STEPHEN FIDLER FT THE PICTURE of the moneyed classes in Latin America salting away
      FT  -  993 words
    • 696 10 AP BEIJING'S largest amusement par* has given its Japanese investors a bumpy, money-losing ride they never anticipated. "To be honest, we've had nothing but problema," aaid Hideaki Takahashi. preeident and director of the Beijing Amusement Par*. Mr Takahashi. in a stroll
      AP  -  696 words
    • 1107 11  -  South Korea's labour unrest has, as expected, left the country's economy weaker. Analysts are divided over the extent of the damage. Some ironically claim that the new assertiveness may lead to a fresh balance in labour's relations with management while
      NYT  -  1,107 words
    • 678 11 Reuter SOUTH AFRICA'S latest proposals for reforming apartheid offer the black majority no early prospect of seats in Parliament or homes alongside whites. They are also unlikely to relieve foreign pressure on Pretoria as the US Congress and the Commonwealth again
      Reuter  -  678 words
    • 925 11 Reuter LONG HAILED for making the desert bloom, Israel's kibbutzim (collective farms) are turning to industry and tourism to overcome heavy debts. Contact lenses, plastic furniture, irrigation pipes and diamond cutting tools are today as likely to be produced on one of Israel's
      Reuter  -  925 words
  • Page 10 Advertisements
    • 62 10 IF YOU WANT TO KNOW \h Which businesses cafi say "It's all/In the family"? What-have the experts got to say on divestment? How can the MCA be and not be Chinese r —7 "r viiiii ""at the same time? How does a marketirivestor decide when to come in, stay ootor/sell
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  • Page 10 Miscellaneous
    • 701 10 CRYPTIC PUZZLE ACROSS 3 Fish for a bit of supper. with some chips (S) 8 Dependable fusion of alloy (5) 10 Proper punch (5) 11 A Harlesden man? (3) 12 Put up with something wet? (5) 13 The film we back (7) 15 Sound seeds, one grants (5) 18 She
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  • Page 11 Miscellaneous
    • 1343 11 iwjm mm fti* <i ill TUESDAY PREMIERE Bill: On His Own 10.30pm, Channel 5 Mickey Rooney (left) stars again as Bill Sackter, a middle-aged retarded man who was plucked out of misery and given a new lease of life by a sympathetic young t film-maker. This sequel shows Bill assuming
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  • SPORTS & LEISURE
    • 408 12 AFP THE 14th South-east Asia (SEA) Games ended on Sunday having &t several records for the competition itself and host Indonesia. C- The eight-nation, 12-day games saw the highest number of events. 27, being contested at any tournament. The Olympics normally has
      AFP  -  408 words
    • 128 12 AP DAVID PERKS of England and Barbara Kendall of New Zealand captured the individual titles while host nation Sweden took the team competition in the World Amateur Funboard Sailing Championships on Sunday. Perks finished the men's division ahead of Sweden's Arto Kantojarvi and Erik
      AP  -  128 words
    • 297 12 Reuter OLYMPIC CHAMPION Carl Lewis was surprisingly beaten by fellow American Stanley Floyd over 100 metres at an international athletics meeting in Sao Paulo on Sunday. Floyd swept home in 10.44 seconds with Lewis, winner of two gold medals at the recent World Championships
      Reuter  -  297 words
    • 311 13 AFP FRANCE'S Alain Prost rewrote motor racing's history books when he won the thrilling Portugal Grand Prix for the 28th victory of his career on Sunday. The 32-year-old Prost, driving one of the best races of his career, was watched by the man whose
      AFP  -  311 words
    • 245 13 Reuter CLAUDIO MEZZADRI of Switzerland won his first Grand Prix tennis title by defeating veteran Czechoslovak Tomas Smid 6-4 7-5 in the final of the U*****,000 Geneva Open on Sunday. The 21-year-old Mezzadri also became the first Swiss to win in Geneva since the inaugural event
      Reuter  -  245 words
    • 133 13 LAWYER S SAURAJEN made it through the rain to win the recent Hapag-Lloyd Invitational golf championship at the par-72 Serapong course. The 15-handicapper compiled 39 points to win on countback from three others in a championship that was held up at one stage because of a heavy
      133 words
    • 251 13 AFP THE EUROPEAN Ryder Cup team left for America yesterday full of confidence following lan Woosnam's brilliant win at the Lancome Trophy in France on Sunday that saw him shatter the four-round tournament record that had been held by teammate Seve Ballesteros The
      AFP  -  251 words
    • 539 13 AP ALAIN PROST's record 28th Formula One victory was tantalisingly close for a long time He finally grasped it on Sunday by winning the Portuguese Grand Prix and breaking out of a tie for the record with Britain's Jackie Stewart. After qualifying third behind
      AP  -  539 words
    • 433 13  -  By CHERRIE HOLDER ONE WEEK'S yacht charter plus a return air ticket to New Zealand are just two of the carrots dangled before members of the Changi Sailing Club when the inaugural Kiwi Regatta sails off early next month. The regatta is the brainchild
      433 words
    • 507 13  -  By JAIME LYE THERESA TAN's sparkling wit made Platachlo• And Whipped Cream sail by almost as quickly as it took the two lead characters to consume the dubious snack yesterday at the Shell Theatrette. The first prize winner in this year's Shell/NUS Short Play
      507 words
  • Page 12 Advertisements
    • 816 12 at sS SS n rrIk 1 > r< U <— 17 buffet selections daily, with limitless cups of tea and coffee Try our nonya kuehs, ice-kachang. tau-suan. curry puffs, mini pizzas, noodles, pies. French pastries, ice- cream and fruits. If these sound good, there's more. Six local favourites. anything from
      816 words
    • 180 12 >UL/um Germany at The Belvedere An incredible buffet luncheon of some 60 traditional German favourites it's as good as being in Germany! Daily from September sto 27,12.00 to 2.30 pm. Adult: S3l/Child: $15. Prices subject to 10% service charge and 3% govt, tax. The management reserves the right to change
      180 words

  • Page 13 Advertisements
    • 246 13 rv P 16 ,V. Ss ir. So much to choose for only $18.50. A sumptuous spread with many different types of appetisers, hot and cold soups, a salad selection, superb pastries, truffles, fortes cheese board, fresh fruit freshly brewed coffee All for $18 50 And for $26 50 you can
      246 words
    • 218 13 iMk CANTON ***** Pleasing, contemporary surroundings. With exquisite lunchtime dim sum and delicate Cantonese cuisine lit for an emperor. Closed on Mondays. 3rd Floor. Westin Plaza. For reservations, call 338 8585 ext. ***** or 330 8310. The Westin Plaza Raffles City 2 Stamford Road. Singapore (Hi 17. Westin Hotels B*.
      218 words
  • Page 13 Miscellaneous
    • 73 13 A COMMON FAULT WITH 10NG HANDICAP PIAYERS IS TRYING TO MAKE THE BACKSWING WITH THE HANDS AND ARMS i OR TO PUT IT ANOTHER WAV making a quick IIFT Of THE ClUB V ON THE TAKEAWAY WHEN I COME ACROSS A PIAYER WHO TENDS TO LIFT THE CIUBHEADUP OUICKIY GOING
      73 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4253 14 SHARE PRICES took a severe beating and fell over a broad front for the fifth consecutive day in nervous trading yesterday, causing the Straits Times Industrial Index to plunge 35.27 points to 1,358.07. The allsector BT Composite Index skidded 26.93 points to
      4,253 words
    • 268 14 Rises C*T«bo> 50« 765 M Cobtoi 167 Falls hotan SO* 820 M 8ro<v*rio< 1190 DIS 1580 tothmara Msio 950 1 Sombawang 580 U O 1 390 S P Toxtilo 285 M Crvdk 226 S 1 A 1400 ICS 1120 S P M 1020 Shangri-lo 625 1 C
      268 words
    • 3620 14 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      3,620 words
    • 123 14 HONGKONG Hongkong Index Monday 2.***** frkloy 2.406 23 Week ogo 2.396 63 Hang Seng Index Monday 3.667 95* Friday 3.649 96 Week ogo 3.649 84 All Industrials Monday 3.401.5 3,407 3 Week ago 3.2502 NEW YORK Dow Jones Friday 2.524 64 Thursday 2.***** Week ogo 2.606 73 TOKYO
      123 words
    • 91 14 PELANGI Berhad: 14th AGM at Bilik Sri Panti, Mezzanine Floor. Holiday Inn. Jalan Dato Sulaiman, Johore Bahru, Johore, today. Sep 22. at 11.30am. DAH YUNG INVESTMENT Limited: 23rd AGM at No 1 Shipyard Road, Singapore, tomorrow. Sep 23. at 11am. HOTEL TAI-PAN Limited: AGM at Tai-Pan Ramada Hotel,
      91 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • 513 15 ua mm™ By HOCK LOCK SIEW YESTERDAY'S 35-point drop in the Straits Times Industrial Index has led many investors to wonder whether the stock market is suffering from serious indigestion, or worse, a nasty attack of gastroenteritis. Singapore investors, who have time and again
      By HOCK LOCK SIEW  -  513 words
    • 270 15 Managers' prices DBS Bank forSep22 Shenton Gr fund 102 1 07J Singapore Unit Trust Gr Fund i« > 63 The Commerce I I? 126 Sh Thr,h Fund 098 098 o* 05i* UOB Management S pore Sec fund 080 086 Unilund S pore Invest fund 0 88 094 Un.bond
      270 words
    • 383 15 MBT MBf HOLDINGS is selling its 22.6 per cent stake in Emtex in anticipation of a merger with plantationsbased Ganda Holdings, Duff and Samanda Holdings. Datuk Loy Hean Heong, MBf managing director, told reporters after its 24th annual general meeting yesterday that there was
      MBT  -  383 words
    • 236 15 SWAMPED by Singapore's glut of hotel rooms, Hotel Marco Polo Ltd suffered a pre-tax loss of $1.7 million in the first half of the year more than quadruple the loss of $394,000 reported for the first six months of 1986. The
      236 words
    • 458 15  -  By ELAINE KOH THE SIME DARBY conglomerate aims to bring plantations-based Guthrie Ropel Bhd into its fold with a three-for-four share swap. The surprise offer, announced yesterday, involves exchanging three new 50-cent Sime Darby shares for four existing Guthrie Ropel shares of Msl each.
      458 words
    • 220 15 PROPERTY-BASED Island Peninsular Bhd is proposing a one-for-two rights issue to raise Ms6o million to support the company's increased scale of operations. More than 80 per cent of the sum to be raised will be used to reduce short-term borrowings of the Malaysian
      220 words
    • 355 15 SEMBAWANG MARITIME Ltd. which made its debut on the main board of the stock exchange in June, reported a group pre-tax profit of $1.63 million for the first six months of the year a 26 9 per cent gain over the year earlier
      355 words
  • Page 15 Advertisements
    • 293 15 wmmmm ESTABLISH LETTERS OF CREDIT IN MINUTES ■k AND YOU WONT HAVE TO WORK ALL HOURS In a world where time is money, you will find Standard Chartered's INTERLINK Electronic Banking Services indispensable. INTERLINK puts you on-line, with the full power of Standard Chartered Bank at your fingertips. ELECTRONIC LETTERS
      293 words
    • 78 15 WHEN THE BULLS CHARGE. CAN YOU BEAR IT? Strong financial support is part and parcel of a sensible investment plan. We can help you achieve just that. Our Share Financing Scheme provides up to 70% financing. And at rates as low as 7.5% p.a. Find out more. Call 532-3332 today.
      78 words

  • REGIONAL MARKETS
    • 633 16 Ad campaign offers free concert tickets AP MICHAEL JACKSONs slick, much-heralded tour of Japan has given Pepsi-Cola a badly needed boost in Japanese sales for the perennially number two soft drink. Sales of Pepsi in Japan, where the cola market is overwhelmingly dominated by
      AP  -  633 words
    • 2966 16 SELLERS besieged the Kuala Lumpur stock market yesterday and share prices were sent reeling. Widespread double-digit losses were incurred as bulls offered no resistance at all. Yesterday's falls marked the sixth consecutive session of weak trading. Brokers said the flagging sentiment was worsened
      2,966 words
    • 146 16 Bernama ES PACIFIC CHEMICALS Bhd. a subsidiary of the Dow Chemical Co, recorded a 7 per cent rise in group pretax profit for the first half of 1987 to MJ1.97 million from M 51.85 million in the previous corresponding period. The company said group turnover
      Bernama ES  -  146 words
    • 56 16 Reuter CABLE AND WIRELESS PLC has started talks with the Hongkong government on a reorganisation of its 80-per cent held Hong Kong Telephone Co subsidiary. Cable wants to merge its HK operations into a single listed company. It said no cash offer will be made
      Reuter  -  56 words
    • 1406 16 Hongkong BULLISH sentiment ahead of an expected revision of the government's forecast of economic growth sent the Hang Seng Index to another closing high on the Hongkong market yesterday. The index gained 17.99 points to finish at 3,667.95, erasing a previous record of 3,660.50 reached on September
      1,406 words
    • 132 16 SEP 21 WON 1Cheil Sugar 3500 -500 Daelim ind ***** -200 Daewoo Corp ***** •1180 Daewoo Heavy ***** -390 Daishm Securities ***** -1300 Dong Ah Phar ***** 100 Dong Suh Stock ***** -1300 Dongbu Steel ***** -200 Gold Star ***** 90 Hanil Bank ***** -1110 Hanil Cement ***** -100
      132 words
    • 490 16 Reuter SHARES ENDED mixed on the Tokyo market yesterday in moderate trade as a sharp decline in yen bond futures prices sparked selling which eroded early gains. The 225-share market index ended 67.58 higher at 24,912.42, but had risen as high as 25,124.99 in the first hour of trade
      Reuter  -  490 words
    • 472 16 Reuter THE AUSTRALIAN share market closed at a new record yesterday, improving marginally on last week's record as investors consolidated positions. Brokers said gold-re-lated and resource stocks continued to attract support at the expense of quality industrials, which fell prey to selective prof-it-taking throughout the session. At the close,
      Reuter  -  472 words
    • 171 16 Reuter THE SECURITIES Exchange of Thailand Index rose 5.23 to 406.72 on a turnover of 2,968,890 shares worth 649.95 million baht. Reuter SEP 21 BAHT *1Ao Kham Thai 236 -4 Ayudhya Investment <04 ♦8 Bangkok Agro-lnd 238 -26 Bangkok Bank 379 -2 Bank Of Ayudhya 390 8 Charoong Thai
      Reuter  -  171 words
    • 294 16 SEP 21 NT S All Sincere Indus 5 55 0 5 Asia Cement 71 00 3 Cathay Cons 101 00 unch Chang Hwa Bank 352 00 -30 Cheng Loo05 69 50 6 Chia Hsin Cement 60 50 1 Chin Hsin Flour 23 60 unch China Chem 40 90 -0.5
      294 words
    • 92 16 SEP 21 PESOS *1• Aco|« Mining Anglo Phil 003 uncti Ape« Mining B Atlas Con B 006 *0 0025 26 -4 Baguio Gold Basic Petroleum 0 02 0 002 Benguet Con B 140 urtch First Ptiil Hldgs 11 unctt Lepanto B 0 61 002 Marcoooer 2 0.1 Marsteel Oriental
      92 words
  • Page 16 Advertisements
    • 283 16 NOTICES THE COMPANIES ACT, CAP. 50 SWEE HING (SENG KEE) CO PTE LTD (In Liquidation) At a general meeting of SWEE HING (SENG KEE) CO PTE LTD duly convened and held on the 17th day of September. 1987 the following special resolution was passed: SPECIAL RESOLUTION That the Company be
      283 words
    • 247 16 In the Matter of The Companies Act, Cap. 50 And NUSANTARA CAFETERIA PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Colombo Court, #04-15 on Monday, the 21st day of September 1987 at 10 a.m.. the following Special
      247 words
    • 328 16 In The Matter of The Companies Act, Cap. 50 And In The Matter of CHAN ONG PTE LTD (In Voluntary Liquidation) Members' Voluntary Winding Up. At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 3 Mt Elizabeth #05-08 Mt Elizabeth Medical Centre,
      328 words

  • INTERNATIONAL COMPANY NEWS
    • 508 17 Reuter AN ELITE group of 140 businessmen will fly to London in October from places as varied as Antwerp, Bombay, Tel Aviv and New York, all with one thing in common diamonds. The group, carefully chosen from thousands of dealers, has
      Reuter  -  508 words
    • 866 17 Wall Street t v < NYT THIS HAS BEEN a good year for issuing initial public offerings of stock, or Ipos. But ask any syndicate manager at a major Wall Street firm to evaluate the year and you are likely to hear
      NYT  -  866 words
    • 453 17 Next target for negotiations is Ford Canada Reuter CHRYSLER CORP S (C) 10.000 Canadian workers ended a six-day-old strike on Sunday with an overwhelming vote to accept a tentative contract agreement. The Canadian Auto Workers Union also announced it had selected Ford Motor Co
      Reuter  -  453 words
    • 112 17 AFP SWEDISH GROUP Electrolux will buy 60 per cent of the shares of the Catalonian household appliance firm Corbero-Domar next December under terms of an agreement signed in Barcelona last Friday by representatives of the two companies. The acquisition of the holding will be carried
      AFP  -  112 words
    • 108 17 AFP THE JAPANESE Mitsubishi company will start selling cars to Israel in 1988, Rahel Hellman, a senior official at the Israeli Transport Ministry said. According to Mr Hellman. Mitsubishi will sell cars in Israel through an agent the north Israel-based Colmobil Limited. Mr Hellman, director
      AFP  -  108 words
    • 66 17 Reuter UK TRADE and Industry Secretary Lord Young said the Rover Group PLC should be privatised by the end of the Conservative Government's current term of office in 1992, the British Press Association News Agency reported. Government officials could not immediately confirm the agency report,
      Reuter  -  66 words
    • 238 17 Reuter CONTINENTAL CORP (CIC) intends to divest its life insurance operations. The life insurance companies, which may be sold individually or in combination, include Commercial Life Insurance Co, Loyalty Life Insurance Co, William Penn Co and National Life Assurance Co
      Reuter  -  238 words
    • 157 17 AFP PEPSICO, the United States' second largest producer of non-al-coholic beverages, has reached an agreement with the Soviet Union to open two pizzarias in Moscow through its affiliate Pizza Hut, a company spokesman said. The agreement marks the first joint venture between a US commercial firm
      AFP  -  157 words
    • 211 17 NYT THE TOYOTA MOTOR Co will raise the average price of its 1988 cars by 1.4 per cent, or about US$l6O, over comparably equipped 1987 cars at the end of the model year, the company said last Friday. However, Toyota's prices during the
      NYT  -  211 words
    • 338 17 Reuter UPJOHN CO's shares fell sharply as reports linked one of its antibiotic drugs, Cleocin, to the investigation of a death at a Chicago hospital, analysts said. Upjohn was two lower at 47 in late afternoon trading last Friday on turnover of almost
      Reuter  -  338 words
  • Page 17 Advertisements
    • 106 17 For horse racism fans... BT provides the winners too to x r n *3 1 <L it VS I a m i s i Business Times, Singapore's largest business daily, has a reputation for in-depth coverage of business and financial news. Easily the most trusted paper among Singapore's key decision
      106 words
    • 202 17 VAN DER HORST LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT RIGHTS ISSUE OF 19,140,000 NEW ORDINARY SHARES OF $1.00 EACH AT PAR ON THE BASIS OF ONE (1) NEW ORDINARY SHARE RIGHTS SHARE') FOR EVERY TWO (2) EXISTING SHARES OF $1.00 EACH WITH WARRANTS. APPROVAL: The Directors of Van
      202 words

  • 518 18  -  By LEE HAN SHIH, Property Correspondent RIDING ON the new-found optimism in the property market, the Asia Commercial Bank (ACB) is looking for buyers who will pay at least $25 million for an office block that generates about $1.3 million in
    518 words
  • 389 18  -  By LOH HUI YIN,MARTIN SOONG THE SINGAPORE International Monetary Exchange (Simex) is discussing the possibility of linking up with the world s largest oil futures trading exchange. Senior Simex officials are meeting today with the president and chairman of the New York Mercantile Exchange
    389 words
  • 296 18 INDONESIA has hit out at the selfish attitude of non-Opec oil producers who do not support the oil cartel on pricing and production, but yet do not hesitate in sharing the benefits as a result of Opec's sacrifices. Using the 3rd International Asia-Pacific Petroleum Conference
    296 words
  • 253 18 ALTHOUGH SINGAPORE is not an oil producer or a major consumer of oil, it offers potential for the oil business. Extolling it yesterday was the Trade Industry Minister, Briga-dier-General (Reservist) Lee Hsien Loong, when he opened the 3rd International Asia-Pacific Petroleum Conference (Appec).
    253 words
  • 425 18 Reuter TALK OF impending martial law swept Manila yesterday as Philippine President Corazon Aquino sacked three generals linked to last month's attempted coup and leftist demonstrators marched through the capital. Mrs Aquino said in a statement after meeting her military commanders that
    Reuter  -  425 words
  • 252 18 Bernama ES MALAYSIAN STATE governments should be more realistic in their approach towards investors in order to attract more investments, Malaysian Trade and Industry Minister Datin Paduka Rafidah Aziz said yesterday. Speaking at a luncheon meeting organised by the National Chamber of Commerce and
    Bernama ES  -  252 words
  • 395 18  -  By BOEY KIT YIN THE LOCAL textile and garment industry will adapt to a new government quota allocation system with a partial tender. This was, said Mr Cheng Wai Keung, president of the Singapore Textile and Garment Manufacturers' Association (STGMA), mainly
    395 words
  • 189 18 AFP PRESIDENT Ronald Reagan called on Iranian President AM Khameini yesterday to state "clearly and unequivocally" whether his nation accepted the UN Security Council-ordered cease-fire in its seven-year war with Iraq. President Reagan, addressing the United Nations General Assembly, also said his
    AFP  -  189 words
  • 111 18 AP WALL STREET staged a broad rally yesterday morning, bouncing back from last week's sharp drop as interest rates declined. The Dow Jones Average of 30 industrials climbed 21.70 to 2,546.34 in the first hour of trading. Gainers outnumbered losers by more than 5 to 2 in
    AP  -  111 words
  • LATE FILE
    • 57 18 Reuter FUELLED by surging exports. Hongkong's economy will grow at a blistering pace of 12 per cent this year, doubling initial forecasts. Financial Secretary Piers Jacobs said in a mid-term review of the economy yesterday that the colony should post its second consecutive year of
      Reuter  -  57 words
    • 38 18 Reuter BRITISH manufacturing output should continue to grow strongly for the rest of the year, but the pace of growth will be slower than in recent months, says the Confederation of British Industry. Reuter
      Reuter  -  38 words
    • 36 18 Reuter MINERS across Britain began an overtime ban yesterday, launching their first campaign of industrial action since calling off a bruising year-long clash with Conservative Prime Minister Margaret Thatcher in 1985.
      Reuter  -  36 words
    • 43 18 Reuter THAILAND will pardon five suspected senior communist party leaders. Officials said yesterday that Prime Minister Prem Tinsulanonda had recently authorised that subversion charges against four central committee members and a party organiser arrested last April be dropped.
      Reuter  -  43 words
    • 32 18 Reuter SOUTH AFRICA will soon announce that it intends to sign a UN treaty controlling the spread of nuclear weapons. US Energy Secretary John Herrington said yesterday.
      Reuter  -  32 words
    • 30 18 AFP CHINA yesterday paid tribute to Soviet leader Mikhail Gorbachev's reform policies, saying that they had led to "some positive changes" on social and economic fronts.
      AFP  -  30 words
    • 56 18 Reuter PRESIDENT Francois Mitterrand said in an interview published yesterday that the sinking of the Greenpeace anti-nuclear protest ship Rainbow Warrior by French agents in 1985 was an act of stupidity. "The operation was stupid and unacceptable. It caused a lot of harm," Mr Mitterrand told
      Reuter  -  56 words
  • Page 18 Advertisements
    • 121 18 KPC plans to sell Jet fuel at Changi, Page 2 Shops that keep cash registers ringing FAR EAST PLAZA ORCHARD TOWERS Whether you're looking to set up shop or let out shop space, KFCB is in an ideal position to help you. Over 40 years experience in property gives us
      121 words
    • 6 18 Investment in Philippines falls, Page 3
      6 words
    • 9 18 'Asean has makings of a hi-tech centra', Page 3
      9 words
    • 292 18 Leader, Page 10 New York University Graduate School of Business Administration SINGAPORE INSTITUTE OF MANAGEMENT DIPLOMA IN FINANCIAL MANAGEMENT (Accredited to New York University's MBA programme) The Singapore Institute of Management, in conjunction with New York University Graduate School of Business Administration, invites applications for the Ist Intake of the
      292 words

  • SHIPPING TIMES
    • 473 19  -  By LINDA CHEE COMPANIES supplying goods and services to shipowners and shipping lines can now make use of a new financial facility to safeguard against non-payment. The specialised factoring service, provided by International Factors Marine (S) Pte Ltd (IFM), is claimed
      473 words
    • 409 19 Lloyd's List ISRAEL'S national shipping line Zim Navigation has finalised plans to order up to seven new container ships for its strategic Mediterranean/US/Far East operation. A contract worth between US$l5O million and US$2lO million will be awarded for either five or seven
      Lloyd's List  -  409 words
    • 136 19 THE PORT of Singapore Authority is spending some $12 million to dredge the one-lane channel to the Tanjong Pagar Terminal into two lanes. The work will also deepen the approaches and fairways to Marina Wharves, Pasir Panjang Wharves and Sembawang Wharves. When completed,
      136 words
    • PORTSIDES
      • 67 19 Reuter HYUNDAI CORPs Ulsan Shipyard strikebound since Sep 2 will resume production today. South Korean management and union officials said. The management, which locked workers out on Sep 5. had planned to reopen yesterday, but later announced a 24-hour delay. Some 4,000 of the shipyard's
        Reuter  -  67 words
    • 571 20 Reuter IN A HOTEL room overlooking the Gulf, ship and aircraft VHF radios are monitored, convoys plotted, and helicopters despatched at the moment of disaster. The journalists who work in the Gulf call it "the bunker." Newsmen in boats from Kuwait
      Reuter  -  571 words
    • 129 20 AP IRAQI warplanes have raided an Iranian supertanker off Iran's Kt«rg Island oil terminal, the latest in tit-for-tat attacks in the Gulf, marine salvage executives said. The executives, speaking on condition of anonymity, said they were braced for Iranian retaliation against neutral commercial
      AP  -  129 words
    • 128 20 UPI A FERRY BOAT with as many as 60 people on board capsized in the eastern port of Ningbo, killing seven people and leaving as many as 15 others missing, official news reports said. The People's Daily newspaper said the accident occurred last week as the
      UPI  -  128 words
    • 740 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean IX 4 Alltrans VII 3 American Tpt X 2/3 Anship Int'l V 4 Anro Service IV 2/3 ANl 1 1/2 ARC line V 4 API III 2/3 Arrow lines IX 5 ASCI III
      740 words
    • 1240 20 FREIGHT rates for Panamax sized vessels and larger have generally tended easier where changed with US$9 paid for light grain from the US Gulf to Netherlands against $9.50 previously, shipbrokers said. Forward business was arranged for grain fixing from the Gulf to Japan with $16.10 or $16.15 reported
      1,240 words
    • 163 21 THE MAJOR shipping consortia operating between the Far East/European. Far East/Persian Gulf, Straits ports/Australia. Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping AMRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd
      163 words
    • 135 21 TWO CREWMEN on a Yugoslav freighter died on Sunday morning when their ship collided in dense fog with a Liberian-registered cargo ship in the English Channel, officials said. The collision between the 16,400-ton Yugoslav ship Makedonija and the 16,021-ton Bajka occurred
      135 words
    • 825 21 Bareboat charter examining the benefits, pitfalls Lloyd's List BAREBOAT CHARTER registration widely known as parallel registry is set to become increasingly popular following United Nations approval last year, but the pitfalls and benefits need serious examination. Against this background, the International Chamber of Commerce (ICC) is to hold a symposium
      Lloyd's List  -  825 words
    • 328 21 AFP REPORTS of increased I hostilities in the IranianIraqi war. which began i seven years ago this I month, together with the t jittery state of the over- i supplied world oil market combined to heighten nervous conditions on the < tanker market during the i past week.
      AFP  -  328 words
    • 118 21 AN ARMY bomb disposal team in the Philippines has defused a 9-kilo time bomb believed planted by communist rebels near the rudder of a Panama-nian-registered cargo vessel, military officials said. Officials said the home-made bomb was discovered on Sunday by a security guard
      118 words
    • 404 21  -  By KINGSLEY WOOD THE UNION Shipping Group of New Zealand and the operations of its subsidiaries will be reorganised to provide three separate companies with greater autonomy and responsibilities. Managing director, Mr John Keegan, said each would be governed by its own board of
      404 words
    • 63 21 THE PORT of Tacoma is building a new US$3O million container terminal for operation in 1989 Terminal 3, as it will be known, will have three berths capable of handling the largest container ships existing today plus dock side rail access. Port authorities say the
      63 words
    • 8942 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      8,942 words
    • 1309 27 AT CONVENTIONAL WHARVES VmmI B«(1h Arrival Departure KEPPEL WHARVES Allesoni KI9 olongside 2609/1500 Aries K34 alongside 2609/1100 Coly K35 alongside 2909/0600 Chris Isobel K36 alongj.de 2309/1200 C Setaton6 KI9 alongside 2209/1300 Koto Akbor K3I alongside 23 09/0600 Koto Akbor K3I alongside 2309/1200 Ko)o lotna K32 alongside 2309/0600
      1,309 words
  • Page 19 Advertisements
    • 760 19 How S.K. Asia upset thr logical West HILARIOUS TRAGIC OAMGEROUS Available at all Good Bookshops STP Distributors 2 Jurong Awl Road Singapore 22«1 OOCL OIQENT OVIIQIAS CotUaimt LIME WW/ ftmHl SHIPPING AGENCIES (R«f No 249(4/ 00K} 200 Cantwwwit Road #12-05 Southpotnt 0208 Td *****11 TELEX NO RS ***** TERMINAI/CfS Tel
      760 words
    • 66 19 IN A HOTEL room overlooking the Gulf, ship and aircraft VHF radios are monitored and covoys plotted. The journalists who work in the Gulf call it "the bunker." Page II BAREBOAT CHARTER registration is set to become increasingly popular following United Nations approval last year. Page 111 Index to advertisers
      66 words
    • 1302 19 jg&r ODESSA OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****33 MAERSK LINE OUR MEDITERRANEAN SERVICE NOW EXTENDED TO LISBON SINGAPORE LISBON —19 DAYS To Europe—UK Scandinavia Finland Ui ANNA M PLANTIN LAUST M ANDERS
      1,302 words

  • Page 20 Advertisements
    • 618 20 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA FELIXSTOWE ETA S/M 20/10 ROTTERDAM ETA on Also Kcaptinf urjo to all U.K. destinations, Scandinavian (Aarhus. Copenhagen Gothenburg) and other European Inland points i Nest African Ports. EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/ MARSEILLES
      618 words
    • 19 20 Lines and services represented by Members of the R*wlstry of Accredited (?i Shipping Agents. Singapore National vM Shipping Association.
      19 words
    • 498 20 MTO MARITIME TRANSPORT OVERSEAS GMBH gST EUROPE/FAR EAST CONVENTIONAL SERVICE VSL PT of LOG. DATES LA CHESNAIS Bremen-Hamburg-Antwerp-Imrnngham 4-24/9 ANCELE N Hamburg n-Sfl TBN Aviles-Santander 21-30 A PT KLANG S PORE LDG FOR 24/10 21/10 Batangas-Kaoti»iun|-Po<«ang 30/10 2/11 Bangkok -Mam la Hongkong 2/11 4/11 Banfkofc-Mongkong-Ulsan Funh* load/diacftarpng ports an rout*
      498 words

  • Page 21 Advertisements
    • 1066 21 The Straits Steamship Group Mansfield Container Shipping Pte Ltd nfi/lpr P&O r«vn>L Containers Limited Also Accepting Cargo For: Hamturi to Aartwt. Gethenturf, Mlalno Stadihoin. (totunki. Rotterta*! to Awhaei p. AmtrnUm Otto Bremenhaven to ■raaan j«utti»«Mu" te all UK test!rations. letfaet and OuMhi (CONTAINERSHP SERVICE FROM UK/CONTINENT: H'botf KAMAKURA MARU* 21/1
      1,066 words
    • 597 21 EUROPE/MED VESSEL SINGAPORE SEMTM Wf 713 KMEAN SEMTM WF 7M 11.11 MITISH SEMTM WF 7K 31 II GEMMI SEMTM WF 7M Mil LOAD VESSEL *0* DUTCH SEMTM lELSIAI SEMTM 2511 an Mil Mil 22.11 23.11 M.12 17.12 SENATOR LINK Gaitoral Agant: i SEL EF 711 EE 712 127 09 raranrainni
      597 words

  • Page 22 Advertisements
    • 308 22 Hapag-Uoyd CONTAINERSHIP SERVICE TO UK/CONTINENT ALSO ACCEPTING CARGO TO. ALL UK INLAND DESTINATIONS. BELFAST. DUBLIN COPENHAGEN, AARHUS GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM CARIBBEAN S AMERICA CONViSEMI CONTAINER SERVICE TO EUROPE S PORE H BURG RDAM WO 11/U Ml A'WERP IMMINGHA 19/u i s/ii CONV SEMI CONTAINER SERVICE TO MED EUROPE
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    • 675 22 FULLY CONTAINERISED SERVICE [to EUROPE VIA SUEZ Member ol the Ace Consortium TRANSWORLD BRIDGE M SEVEN SEAS BRIDGE 62W ACE CONCORD 11W KOREAN CHANCE 33W NEPTUNE DIAMOND 72W ORIENTAL CHIEF 56W ALSO CALLING ANTWERP V ROTTERDAM Fitowe H burg Bhavan CTRS VIA FEEDER VESSEL I FROM CJROPE VIA SUEZ Mfmber
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    • 378 22 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 30/9 HONG KONG 29/9 BANGKOK 26/9 KEELUNG/KAOSHIUNG 27/9 MANILA 30/9 BUSAN 24/9 TOKYO/YOKO 30/9 5/10 6/10 3/10 4/10 5/10 8/10 5/10 LOADING FOR SYD. MELB,
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    • 974 22 Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SGP HKC KSC KLC PUS OSK TYO KSN 21ft 2719 art 1/10 mo EVE* LINKING Oft 271t 29/9 1/10 261 EVER GIOBE 2/10 5/10 7/10 9/10 3/1 EVER GENTLE 7/10 11/10 13/10 1510 EVER GENTRY 15/10 19/10 2010 22/10 EVER GIEAMY 21/10 2510 27/10 29/10 a/]
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  • Page 23 Advertisements
    • 631 23 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE I VESSEL SEA HAWK RATANA BHUM SEA DRAGON SEA FORTUNE VESSEL VOV SIN SBV SMG SIN BLW PEN SEA FORTUNE 5735 Sid Sid Sid 24/9 25/9 INTEGRA 1707 Sid 23/9
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    • 288 23 NORBULK NORBULK CARGO SERVICES LTD. 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 I TRADING KL 7*3*44* PK *****1 PENANG. TANJUNG MARINE SON BHD TEL S2S&2S SABAH TRANSPAC U.K.: SMB/2212M CHINA
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    • 670 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT HAVEN RDM 1110 1110 2*lo aw 2*lo 21,10 i*u ihi 22/11 22/11 27/11 27/11 *12 VU 12/12 12/12 17/12 17/U EXPRESS CONTAINER SERVICE FRO* UK/CONTINENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS IKJJEBSEN LINE NEW ZEALAND TO NEW
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    • 540 23 DJASAGETRI A Joint Europe Service Of. P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES N VESSEL/VOY GANOA GAMA 19WB MAT AR AM/19WB S PANJANG/17WB CAN DA BHAKTII9WB KUTAI 13WB ANTWERP BILBAO BREMEN A DAM/R DAM H BURG 11/11 16/11 23/11 2/11 (/ll
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    • 475 23 BOUSTEAD SHIPPING AGENCIES I* BURMA FIVE STAR SHIPPINB CORPORATION (Burmese National Line) Loading for Rangoon HTo.tr...™ HSZ Mani Bangtot •agrar loading lor Euro#* k? BANK LINE EXPRESS SEMI-CONTAINER SERVICF NORTHBOUND TO UWC SPORE ROAM HULL HMBG CLYDEBANK V7IN 6/10 27/10 5/11 31/10 FORTHBANK V2M 2*lo 11/11 26/11 22/11 TAMAITAI SAMOA
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  • Page 24 Advertisements
    • 1257 24 SHIPPinG-DflTfl nTLBfITkC COAST (Round-The-World Service) ORIENTAL FORTUNE V 5 NEPTUNE JADE V 9 •VIA FEEDER •PK/PNG Sid 26 Sep PACIFIC SOUTH-WEST FEEDER VSI 0 FORTUNE V 5 NEPTUNE JADE V 9 •VIA FEEDER •PK/PNG SP MOTHER VSL Sid 25 Sep MACKINAC BRIDGE 9 26 Sep 2 Oct G.W BRIDGE VlO
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    • 672 24 r f '/l€ AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* feed* P K«t»n L«« y«j« S'porc 11Mb frwn Sfdn Aho Accept: l"£)i"S'£* S 22 Sept 8 Oct 17 Oct 15 Oct AM Bris BAYIDAS V 36 Oct 5 Nov 14 Not 12 Nov Add Bm INDIA EXPRESS CONTAINER SERVICE THEODOR
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    • 686 24 GOLDEN LINE GUAN GUAN SHIPPING (PIE) LTD 23. Tri* Ire Stmt SMGtfOK 0104 TU SMJMt (II LMS) Fit *****04 STRAITS/PERSIAN GULF SERVICE: GOLDCN HARVEST Colombo Karachi Dubai GOLDEN HAVEN Colombo Karachi Kluscat CHINA SERVICE A VESSEL Hsinkang, Shanghai S pore P KelangPenang 21/29 Sept— 15/16 Oct 29.30 Sept CHINA OCEAN
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    • 577 24 J A JU I PHILI OniCNT LINCS PT€ LTD HEAO OFFICE 63 ROBINSON ROAD «07 1? AFRO ASIA BUILDING SINGAPORE 0106 TELEX RS ***** PHILI FA* *****76 midole east/far east fcl I ETA SINGAPORE DCSTMATKM X/ 9. 1/10 1/10. 10/10 27/9. 4/10, 11/10. 18 10 DUBAI DAM MAN KUWAIT. DOHA.
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  • Page 25 Advertisements
    • 793 25 n Lumpu NEPTUNE ORIENT LINES LTD !STL NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA Terminal CFS BOOKINGS *****53 *****42 *****22 *****53 »*UJ »"J* 27*111 *****48 NEPLINE SDN BHD KMBB7 INWARD/OUTWARD NEPLINE SDN BHD JUttt; NEPLINE SDN BHD »***** 1 v NEPLINE SDN BHD umiiUTmUMHUJUI NEPLINE SDN BHD *****0/*****1 ENQUIRIES *****44
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    • 235 25 PS VESSEL PIYA I A VESSEL A VESSEL A VESSEL A VESSEL TAYO SHIPPING LINES PTE LTO TEL: *****25 (3 Llnat) TLX RS ***** TAYOIN ETA ETD DESTINATION 22/9 30/9 KRABI/COLOMBO* 25/9 30/9 PEKAN BARU/DUMAI In Pt 22/9 CIGADING 25/9 30/9 MEDAN 10/10 17/10 PORT MORESBY, LAE. TERNATE REGULAR SERVICES
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    • 560 25 HEUNG-A SHIPPING Korean Flag Vessels 1 SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG, PENANG. BUSAN. INCHON SPORE AGENTS NEPTUNE AGENCIES PTE LTD Tel 2TOILZ7ttMJ4 *****10.*****22 (Operation!) ******7 220VU (Ttnumjl) 2202*50 *****01 (CFS) MALAYSIA AGENTS TUNAS SETIA SON BHD KL Tel *****% *****97 PK Tel 36K%4 3WM2O 36*0366 PEN T.I *****5 *****5
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    • 724 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOVBU.LD.NG 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office p 3 kelanc ess S,NSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANC M S HANDLING SYSTEM CO SON BHD No 14 lalan Cungah. Port Kelant. Seiangor Malaysia
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    • 24 25 Agent Freight Management Regular reliable seafreight consolidation service to all ports in RECEIVING CARGO DAILY AT PSA BLK 37 Call *****11 Mr Richard Khoo
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  • Page 26 Advertisements
    • 288 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 <30 Lines- FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAO VE.B DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE "VIA COLOMBO Accepting cargo for INDIA Bombay. Cochin Madras "*VIA LARNACA Accepting cargo for Lattakia, Piraeus, Thessaloniki, Istanbul. Mersin,
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  • Page 26 Miscellaneous
    • 166 26 n Regional Weather 0 m Si s <SL SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. °c iA cf w Wind direction with speed in knots Wove height LEGEND R Thunderstorm Temperature «> c X\ Shower Weather Wind direction with speed m knots Rain Cloudy Sky Wav he,
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  • Page 27 Advertisements
    • 314 27 to IST CI ASS CONTAINfR TRANSPORT ScanDutchV TO EUROPE (UK-NORTH CONTINENT-SCANDINAVIA) WEEKLY B. Butang/K Bhum B. Butang/K Bhum B. ButangjK Bhum B. Butang/K Bhum B. Butang/K Bhum I) H'BURO I 4) Q 11/10 13/10 11/IO 19/10 25/10 77/10 1/11 2/11 l/U 10/11 TO RED SEA EAST MEDITERRANEAN WEEKLY FEE OCR
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    • 1023 27 SMN SOCIETE MAURICIENNE DE NAVIGATION LTEE Vessel FLAMBOYANT (2nd Call) TAFITA ieesi INDIA OCEAN, SOUTH REGULAR SEMI-CONTAINER SERVICE LOADING FOR Pt Louis, Reunion, Durban, Capetown, Pt Elizabeth, Tamatave Pt Louis, Reunion, Durban, Capetown, Pt Elizabeth, Tamatave SEALION SHIPPING(S) PTE LTD TEL wOiVl (5 lines) TELEX R*****4 SELION FAX *****41 Afnk*
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  • Page 28 Advertisements
    • 436 28 FARGO SHIPPING COMPANY(PTE)LTD. REGULAR EXPRESS FULL CONTAINER AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canad»/Europe/M«dlterrane«n 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel. *****49 P.T. UNITED SHIPPING organisation ltd I DIRECT REGULAR SERVICES -fc JAKARTA SURABAYA
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    • 530 28 DfflMKoi CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE a. BUTANG 37S a. BUTANG 377 B. BUTANG 379 B. BUTANG 3» m MTHR VSL N. DEJIMA B SURIA
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    • 745 28 PAKISTAN NATIONAL SHIPPING CORPORATION, KARACHI INDONESIA AND MALAYSIA-KARACHI AND MIDDLE EAST GULF SERVICE LOADING FOR KARACHI, DAMMAN AND DUBAI PAL PTK SBY 25-27/9 28-30/9 9-13/10 24-25/10 26-28/10 COLOMBO AND KARACHI CONTAINER SERVICE rAL PT SBY TPRK kntn pklng bela PNG OHHMAZp 25-27/9 28-30/9 7^lo LALAZAR 9-13/10 14-15/10 17-19/10 20-22/10 23-24/10
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