The Business Times, 24 September 1987

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 112/12/86 THURSDAY, SEPTEMBER 24, 1987 75 CENTS
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  • 185 1 Exchange rates THE Singapore dollar closed lower yesterday at $2.0915/25 ($2.0890/$2.0900) against the US$ in the forex market. It also eased against the HK$ but firmed against sterling, Swiss franc. D-mark and the yen. Against thi M$, it remained unchanged. US$: 144.35/45 yen, 1.8260/70 DM, SI2.0915/25 USS
    185 words
  • 823 1  -  Offer for hotels sparks speculation By ROSIE TAN SPECULATION is mounting that negotiations between the oil-rich Brunei sultanate and Mr Khoo Teck Puat may be on track again to recover massive debts owed to the defunct National Bank of Brunei by Khoo-related companies. Observers say the
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  • 417 1 GOODWOOD PARK Hotel Ltd has confirmed that it is entertaining an offer from an Indonesian party to buy three of its four hotels although "nothing firm or concrete has materialised". In a statement to the Stock Exchange of Singapore yesterday, the group said that
    417 words
  • 454 1  -  By AMY BALAN DBS LAND Ltd, whose public offering of 300 million shares opens today, has forecast higher after-tax profits of $7.6 million for 1987 and $9.5 million the year after. The wholly-owned subsidiary of DBS Bank has averaged posttax profits of $6 million
    454 words
  • 351 1  -  By LOH HUI YIN THE TWO SENIOR officials of the National Trades Union Congress who have resigned will be joining listed companies. Dr Wan Soon Bee, assistant secretary-general of the NTUC, will be taking up a senior management position in
    351 words
  • 177 1 THE SINGAPORE stock market closed mixed yesterday with the Straits Times Industrial Index almost unchanged, after a firm opening. From the opening bell, spillover buying interest from Tuesday chased share prices higher with local blue chips taking the lead. The ST Index jumped 12.50
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  • 82 1 THERE was some confusion following yesterday's BT story on Neptune Orient Lines proposed one-for-one rights issue with transferable subscription rights (TSR). Each TSR has a $1 value of rights, and not a par-value of $1 as reported. Every TSR holder will be entitled to subscribe for additional
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  • Page 1 Advertisements
    • 223 1 M2T Nutritional supplements fof the whole family at les err/ gfafa Land Ltd issue at a glance Number of shares: 300 million existing $1-share at $1.35 each Singapore tranche: Not less than 150 million shares International tranche: Not more than 150 million shares Net tangible assets per share: $1.08 (after
      223 words
    • 344 1 Aussie property INSTITUTIONAL INVESTORS as well as canny individuals in Australia are putting their money into residential and commercial property. Not surprising, since this sector is moving into its next cycle of growth fuelled by a perceived softening of the stock market, an anticipated slide in interest rates and the
      344 words
    • 119 1 Heading for the big deals, Back Page Melwani, exclusively male.. v: Hete Y°" moroug^V imported <*£££ taM~ sU 7ts Baity- a and more* tabrics. ReauY |ugga ges.. a' man Uea th e r g o pr°c! a^ 0 n haven S° Melwaou in yo u p mum tor men- *02
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    • 12 1 }.(}:<-\"^\~{^!&`>!;%~&@(,{$:@; Full report, Page 14 Regional markets, Page 16 World martata, Paga 17
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  • HOME NEWS
    • 484 2  -  By GENEVIEVE CUA STUDENTS at Ngee Ann Polytechnic will soon be working hand-in-hand with an American electronics multinational to further the company's research and development (R D) efforts. Details of the "cooperative arrangement" between Hewlett Packard and Ngee Ann Polytechnic will
      484 words
    • 88 2 THE INDONESIAN Minister of Religion, Mr Munawir Sjadzali, will be meeting First Deputy Prime Minister Goh Chok Tong during a visit to Singapore this weekend. Mr Sjadzali and his party, which includes the chairman of the Indonesian Ulamak Council Hasan Basri, are expected to ar- rive
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    • 89 2 THE LIGHTS come on in Little India on Oct 3, in preparation for Deepavali. Professor S Jayakumar, Minister for Home Affairs and Second Minister for Law, will flick the switch that will light up the traditional shopping and cultural centre of the
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    • 313 2  -  By ANNA TEO THE VOCATIONAL and Industrial Training Board has taken up a suggestion made in a National Productivity Board report on upgrading worker skills. It is looking into certifying more skills, particularly those related to service, as well as setting
      313 words
    • 384 2  -  By MARTIN SOONG MALAYSIAN national oil company Petronas is planning major oil and petrochemical investments to integrate its oil industry and exploit its oil resources more efficiently. The projects, especially those in the petrochemicals sector, would pose direct competition to Singapore as they
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    • 416 2  -  By LILIAN ANG JAPAN will adopt a more liberal oil policy over the next five years but there will not be "an all-out abolishment of government regulations and intervention," a Japanese economist said. Mr Toyoaki Ikuta, president of the Institute of Energy Economics, said
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  • Page 2 Advertisements
    • 236 2 ■Mm i JeiiLpU *3t* 4 vi *§a «&y&£ U'■ >vi :„> *j* <' V >£* a «T4,7*fr* s |*;>-A*' '.< 'I ■■Ml «rr» ">■' he investment at began in mid-air. v... > I,..:':!: Frankfurt, Germany She was beautiful. Long and lean, with smooth curves and more on-board computer systems than
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  • ASIA-PACIFIC
    • 281 3 VICE-PRESIDENT Salvador Laurel of the Philippines said on Wednesday the country is in "grave peril" with hundreds of communists employed in the government of President Corazon Aquino. "This is not a case of someone crying wolf to call attention to himself," Mr Laurel
      281 words
    • 118 3 AFP CONGRESSIONAL leaders said In Manila on Tuesday there is no need for martial law or any other emergency presidential powers in the wake of the August 28 military coup attempt and other political crises. Speculation about such action had arisen after the failed
      AFP  -  118 words
    • 214 3 Reuter AUSTRALIA seems set to withdraw from the United Nations Industrial Development Agency (Unido), dealing a heavy blow to a near-bankrupt organisation, diplomats said in Vienna on Tuesday. "It seems the Australians decided they just weren't getting value for money," one diplomat
      Reuter  -  214 words
    • 395 3 AFP THE SIX COUNTRIES of the Association of South-east Asian Nations do not intend to form a European Community (EC) type of free trade zone but will instead launch more cross-invest-ment schemes, a senior Asean adviser said. "We never envisioned a
      AFP  -  395 words
    • 95 3 AP PRESIDENT Ronald Reagan's administration has announced support of legislation ending preferential allied treatment for New Zealand in US military assistance and purchase of American weapons. But the State and Defence Department told Congress on Tuesday that the legislation should be flexible enough to
      AP  -  95 words
    • 345 3 UPI VICE-PREMIER Yao Yilin warned on Tuesday that inflation posed "big problems" in China's ambitious plans to overhaul its de-cades-old central planned economy and create "a complete, open and competitive market system". "Price fluctuations are still a problem." Mr Yao
      UPI  -  345 words
    • 149 3 Reuter FIJI'S militant Taukei movement said yesterday a caretaker government by rival political parties would not solve the country's problems. Taukei, which spearheaded indigenous Fijian agitation that led to the May 14 military coup, said bipartisan rule would lead to instability in the South Pacific island
      Reuter  -  149 words
  • Page 3 Advertisements
    • 242 3 >v rfgfe fj&iis:]?' I' -fe ar -'.'.'l m 1 S K *u <f*iff'fi|Mifti; W. "M 4%" vg&> 4 N" 1 »£~re-* -O&Z0t i-/ f" v% S- "v---W^r V*e, /"1»' -A. *I#^ M 1?: ifP*' 4% *i,,. i; Is t"" V i-V V-v S'SZK*. ,'i r «RPi» T*. '4:. »*> 5-*
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  • Page 3 Miscellaneous
    • 44 3 Doonesbury 8 r r v> £<l MHAT SORT OF AG6NDA MXJU? DONALD TRUMP .SET? GOOD QUESTION! rt-A a V <$S ®r it /iv BY GARRY TRUDEAU COULPIHAVSTHB FIRST GRAPHIC, PL£AS£? >5 rt« >\t Hi a IK 2* m BWy'^vrj \T''» Vif///, y/^%" v« 2»ob*
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    • 68 3 City Max; Adoloido Amsterdam Alhons Bahrain Bangkok Barbados Singapore OUTLOOK: Hazy, ■•port for 24 hours prior to 7.30pm on Sop 23 at &o4rut ftotgrodo RaMaN aila mti.„ 11M Rainy daya Ma mil— 7 Now MM Now York Osk> Paris Parih Rio 'Jartoiro Romo San Fris'co San Juan Santiogo Sao Paulo
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  • REST OF THE WORLD
    • 564 4 Renewed commitment to reducing deficit NYT THE US HOUSE of Representatives, on a bipartisan vote, on Tuesday approved a new enforcement mechanism intended to revitalise the budget-balanc-ing law. The vote was 230-176. A total of 105 Republicans and 125 Democrats, a
      NYT  -  564 words
    • 231 4 AFP THE US federal budget deficit was at U*****.3 billion in August, a 25 per cent drop compared with the same period last year. This deficit, one month before the end of fiscal 1987, was announced by the Treasury Department on Tuesday. The administration
      AFP  -  231 words
    • 190 4 Reuter EUROPEANS need better training in industrial and information technology to catch up with more advanced US and Japanese competitors, an International Labour Organisation (ILO) meeting in Geneva said on Tuesday. Speakers at an eight-day conference attended by 355 delegates from 31 western
      Reuter  -  190 words
    • 360 4 Reuter US SEMICONDUCTOR makers said on Tuesday that Japan was still not honouring its semiconductor agreement and urged that President Reagan continue the trade curbs he imposed on Japan last April. The Semiconductor Industry Association agreed that Japan had moved to end
      Reuter  -  360 words
    • 214 4 Reuter WORLD TOURISM, an industry worth US$ll5 billion last year, had failed to fund the US$4 million budget of its representative body, the head of the World Tourism Organisation (WTO) said. WTO Secretary General Willibald Pahr said on Tuesday it was a million dollars short,
      Reuter  -  214 words
    • 119 4 AFP FRANCE has been given permission to suspend certain textile imports arriving from China and Taiwan via other EC countries, the European Commission, the executive body of the European Community, said in Brussels on Tuesday. The commission found that import quotas
      AFP  -  119 words
    • 679 4 Reuter A TEEMING MASS of black-veiled women and yelling children spills over into a choked Baghdad street. The daily fight for eggs is on. Iraq's economy is on a war footing, there are shortages, power cuts and a thriving black market for everything from butter and
      Reuter  -  679 words
    • 828 4 ARRIVALS Operator Srvlc* number Local f(m« From SIA IC MAS MAS MAS AC SU CPA MAS CU MA GU SU SU su THAI MAS GU SU SU GU SU SU LUFT SU SU •A THAI THAI CPA MAS MAS GU Ul MAS TIA UTA SU TK ML
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  • Page 4 Advertisements
    • 75 4 m Umariani ITALY hlite. Desk and return unit, conference attachment, executive chair, two visitors' chairs. 4-door sideboard with refrigerator. Total: under $30,000.00. The unmistakable class of modern Italian design. Masterfully rendered in fine wood, leather and ciystal. Only at Le Mercier's. c Le Mercier's Fine Furnishing Pte Ltd 21-27 Orchard
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    • 63 4 rIV \1 J|| Tr I Y 1 The bus ness person's choice, every I I l|^ l II I II I Tuesday, Thursday. Saturday and II f|\l II Sunda V Leovm 9 Changi Atrport at J- vV>/J. 1 A 22:05 hours and arriving at Lester B. Pearson International Airport the
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  • Page 4 Miscellaneous
    • 31 4 Rri£t£OTßazrid)icfc£z£ smout or it.bristou; V\P\LF ASU££P... ujhptt you n££D IS P\ SPOT OF e*eßeise TO top»<e. vou uR. KMEHS o€>lD, ARroS STp^T^H ,i -A 'V a. 1 5 si 9"v£>- 7.40*
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  • MONEY AND EXCHANGES
    • 1043 5 METALS FUT URES OPTIONS Comex Tuesday, September 22 1987 QOLO 100 troy ounces; US$ per troy ounce Strike C ells-Last Puts-Lest Price Dec-c Fe6-c Apr-c Dec-p Feto-p Apr-p 420 49.30 55.50 62.10 0.70 1.80 3.60 440 31.10 39.00 47.10 2.30 5.20 7.50 460 16.20 26.20 34.20 7.30 11.00 13.50
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    • 1256 5 SINGAPORE: The US dollar closed slightly higher against most major currencies yesterday on some afternoon buying by European operators Trading was quiet throughout the day as most operators retrained from taking large positions. partly because of the national holiday in Japan and ahead of the international monetary talks
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    • 412 5 SIMEX Trading on Sop lomtoor 23 1987 Opan High Low San t* Vol Op/to Vol EURODOLLAR DK 87 91 JO 91 82 91 79 91.80 3318 ***** 5244 MofM 91.36 91 38 91.35 91.35 419 4566 598 Jun 88 91.06 91.10 91.06 91.08 104 1759 186 Sap 88 90.868
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    • 212 5 DECEMBER Eurodollar opened sharply higher on Simex yesterday at 91.80 as compared with the previous close of 91.68. Better prospect of lower US budget deficit and lower crude oil prices resulted in short-covering activity. December contract moved up to 91.82 but encountered resistance at that level. The
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    • 140 5 Gold futures on Sep 22 100 troy ounces; USS per troy ounce Opon High Low S*M« S*P 461.00 461.00 461.00 462.10 Oct 462.40 463.80 461.20 462.70 -0.50 No> 466.00 -0.40 Ok 469.00 470.40 467.40 468.90 -0.40 Nb 88 475.30 476-50 474.00 475.30 -0.40 Apf 482.00 482 00
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    • 86 5 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER UGH LOW 3 months BS*****F 24.12.87 3.20 3.15 3.33 3.15 6 months BS*****Z 21.01.88 3.30 3.25 3.35 3.20 1 y*or BY*****M 22.09.88 3.87 3.82 3.97 3.80 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing
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  • Page 5 Advertisements
    • 107 5 QU A LITY BEFORE YOUR EYES -,r ?-•> <• \\\w We have6oosolutions for every eye condition. The ways of correcting vision defects are as varied as the defects themselves. That is why we have 600 lens types in over 50,000 versions: multifocal progressive, anti-reflection, self-darkening Colormatic, Perfacolor filter, splinter-proof plastic
      107 words
    • 163 5 Let's get vou the Best Deal office.SM^ :<Z v '*\r. Very wide range to suit every budget Rentals from $20.00 per sq.m. ($1.50 per sq.ft.) per month Our experience know-how will help you get the best terms rs. Y-fci r i-rt r—iro! L. Widest selection of quality properties for rent
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  • BANKING AND FINANCE
    • 523 6 Officials and central bankers call for patience Reuter EUROPEAN COUNTRIES are urging patience and a steady course for the world economy, despite some disagreement over what steps they should take next. Finance ministry officials and central bankers across Europe believe that progress even if
      Reuter  -  523 words
    • 297 6 Reuter DEBT-RIDDEN Third World nations are eagerly waiting to see what new proposals Japanese Finance Minister Kiichi Miyazawa will put forward in Washington to help them. But bankers in his own country fear they will end up bearing most of the burden of any new
      Reuter  -  297 words
    • 285 6 Reuter BUNDESBANK board member Claus Koehler said the West German central bank's decision to switch to a new method of injecting liquidity into the money market does not signal any change in overall credit policy. He told Reuter in a telephone interview, "I am sure that
      Reuter  -  285 words
    • 277 6 FUND MANAGERS are to pit their money-making skills against each other in The Great Investment Race and the winner will be the Community Chest. The race is a financial game in which the sponsor bank, the Republic National Bank of New
      277 words
    • 561 6 Reuter EUROBOND MARKETS are finally flagging after years of doubledigit growth and underwriters who fuelled the boom are now being forced to rethink the way they do business. "There's a tremendous amount of over-competition and over-capacity," said Hans De Gier, managing director at Swiss Bank
      Reuter  -  561 words
    • 238 6 Reuter TARGET ZONES for major world currencies have been respected except for a brief period when the yen strayed outside, according to former French treasury director Daniel Lebegue in an interview with the French daily Liberation on Tuesday. Asked whether the targets agreed
      Reuter  -  238 words
    • 193 6 Indicates the average of the prime lending rates of 12 major banks in Singapore Interbank market rates (offer/bid) on Sep 23 uss DM SWFC Y«f) 7 doyt 3 N«#l 6 m#i 13 m*\ 7 J/4 5/i 7 9/16 7/16 7 11/16 9/16 1/16 7 IS/16 1/2 3/i
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    • 51 6 THE OVERNIGHT RATE on the Singapore interbank market fell point to 3 per cent yesterday. Term rates remained unchanged. S$ Interbank rates at 7pm yesterday: Oft-ER BID Ow3 2 1/2 1-monrh 4 7/16 4 5/16 2-month 4 7/16 4 5/16 3-monM> 4 1/2 4 3/8 Overnight mod*: 3
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    • 369 6 ASIAN DOLLAR deposit rates closed steady at opening levels after quiet trading yesterday. Operators refrained from taking fresh positions as they awaited the final outcome of the Gramm-Rudman and Debt Ceiling Bill, expected to be passed by the full US Senatfe and President Reagan yesterday.
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    • 75 6 Reuter SALOMON INC will not release specific details of restructuring and staff cuts until its previously announced strategic review of operations is completed in October "There will be some changes." a spokesman said on Tuesday. He said it was premature to detail areas that would be
      Reuter  -  75 words
  • Page 6 Advertisements
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      274 words
    • 191 6 For Sale By Tender SHOP SHOWROOM SPACE at Meridien Hotel. Orchard Road. Unit No. 02-100 Area: 5.683 sq ft (Surveyed Area) wkt 3E Tender closing: 4pm, 20th October 1987 For viewing and tender documents, contact the Sole Marketing Agent PL lii j I picKicnara ciiis 21 Collyer Quay #12-01 Hong
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  • Page 7 Advertisements
    • 1902 7 SPENDING A FEW MINUTES READING THIS COULD MEAN THE DIFFERENCE BETWEEN ENDING UP WITH A JOB, OR i, EMBARKING ON ACAREER We've all seen people who are disenchanted with their job. They may be paid well, they may have security, but they have a gnawing feeling that they're not going
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  • COMMODITIES
    • 294 8 Bernama THE 1990s will mark the start of the gas era for Malaysia, the Energy, Telecommunications and Posts Minister Oatuk Leo Moggie said today. He said, however, that with a known gas reserve of 53 trillion cubic feet, its utilisation would
      Bernama  -  294 words
    • 131 8 HONGKONG: Gold closed lower on sporadic local selling in thin and lacklustre trading as most investors were more interested in booming stock markets. Sharp rises in the New York and Hongkong stock markets prompted investors to switch into equities. A stronger US dollar also discouraged interest
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    • 129 8 PLATINUM USI/oz LONDON FIX Wad Tu*s Morning 588.25 591.35 Afternoon 589.75 589.90 NYMEX (opening) W«d Tuot Oct '87 590.60 595.00 Jon '88 600.50 604.00 Apr '88 610.50 Source: Johnson Matthey Singapore GOLD US$/oz Wed Tu«s SINGAPORE HONGKONG 460.606/461.1 OS 460.308/460.7OS 462.308/462.80S 462.108/462.60S Tum Mori LONDON NEW YORK 460.508/461.00S
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    • 283 8 Chinese Produce Exchange SoBon' noon doting priest on Sop 23 (S$/100 kg) Coconut oil ftu* FOB 95.00 OW drum FOB 105.00 Now drum FOB 109.00 Copra MJxod Doom) 56 sollon Pepper Muntok wMfo FOB MW 1317.50 Sarawak wMto FOB foq NLW 1302.50 Sarawak ipodal block FOB NLW 985.00
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    • 184 8 Bernama MALAYSIA'S National Padi and Rice Authority (LPN) on Tuesday denied claims ot "rampant'' mixing of lower grade rice with higher grades to increase profit margins, but did not deny such a practice existed. Its public relations officer, Mr Abdul Razak Jaafar, said
      Bernama  -  184 words
    • 464 8 Crada palm oil futuras finished marginally easier in erratic trading on the KLCE yesterday, but the undertone of the market was still firm. The market opened higher around M 5796 a tonne and continued to hold steady on short-covering and overseas demand factors. However, during the late afternoon,
      464 words
    • 201 8 AFP ZAMBIA Consolidated Copper Mines (ZCCM) has reported a loss of 562 million kwacha (U5570.25 million). Francis Kaunda, the chairman and chief executive of the giant mining company, said in his annual statement to the board of directors that there was an improvement in the
      AFP  -  201 words
    • 356 8 SINGAPORE The rubber market closed slightly higher with October One RSS buyers quoted at 220.25 cents/kilo yesterday, up 0.50 cent from Tuesday. The morning session rose 0.25 cent in thin trading on some buying interest. The closure of the Tokyo rubber market for a national holiday limited activity. A
      356 words
    • 114 8 THE PRICE of tin on the Kuala Lumpur Tin Markal fall flva cants to M 516.84 a kilo on continued higher disposals and ratfucad damand yesterday. Sellers off or ad 119 tonnes at tha opening prlca of M 516.89 whlla buyers bid only 24 tonnas. A gradual prlca
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    • 77 8 WITH THE Japanese national holiday and with most traders in Singapore attending functions associated with the APPEC Conference, the markets were quiet yesterday. USI/borr«l Ovmg* Dubai (Oct) 16.67 -0.38 W «t Tool Wfl (Oct) 19J3 -0.M Products (FOB S'pore) USS/borr* Otanga Karottm 23.20 Midi GmmM 22.40 «ndt
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    • 172 8 SOYBEAN futures in Chicago seemed to be more influenced by the weakness in soymeal than the steadiness in oil on Tuesday, closing mostly lower in moderately light trade, ranging from down three cents per bushel in March to up two in distant November. Old crop November settled at U555.27.
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    • 154 8 AN EARLY RALLY failed in Chicago wheat futures, which closed on or near the lows on Tuesday, down 4!4 to VA US cents per bushel in moderately light trade. An export pace still in excess of year-ago levels and the outlook for additional export bonus tender business continued to
      154 words
    • 256 8 R AS prices In cwita/kQ, FOB In M NOON close I fSS Prompt 222.75 223.75N ouyon 223.00 224.00N Int 1 RSS Oct 87 220.00 220JO 220.25 ***** Int 1 RSS Nov 220.00 220JO 220.25 ***** Int 2 RSS Of 218.00 220.00N 218.00 220.00N in* 3 RSS Of
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    • 79 8 (canto/kg, 1 -»o n poHatt) OCTOSE* 87 NOVEMBER 87 (currant month) (forwoi •d month) RAS NOON NOON fcivin S#4#n SSI 20 213.00 215.00N 213.00 215O0N SSI 30 311 JO 213.50N 211 JO 213JON :di: Salart SMI CV 273.50 275.SON 274J0 Sdin 276J0N SMI I 273m 275.00N 274.00
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    • 311 8 London Commodity Exchange fcrjror/SeMef doting pric*i on Sop 22 (£/•onno unlott tpodfied). Pr»*iow» doting prices In poronlhotit. Coffee loth in-ttore Lood on, toftort option OF London Sop 1223/1225 (1270/1272) High/low 1279/1223 No* 1250/1251 (1296/1297) High/'Low 1307/1251 Safe* (4256) Cocoa s^> 1200/1203 (1200/1202) Wgh/Low 1207/1199 Doc 1232/1234 (1235/1236) High/Low
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  • Page 8 Advertisements
    • 107 8 FELICIA WAKWELLA SORENSEN PRESENTS A typical Sri Lankan meal is a whole new world of exciting tastes. At least when prepared under the direction of Felicia Wakwella Sorensen, author of the best-selling cookbook The Exotic Teistes of Paradise" and renowned connoisseur in the art of Sri Lankan cuisine. She will
      107 words
    • 116 8 One word that means a great deal in anyone's language: Hertz. Travelling overseas? Then book your Hertz car before you go, to get our special Affordable rate. It's so low, that in many cases it's not even available to the people who live there. Yet, you'll still enjoy the service,
      116 words

  • FOCUS
    • 572 9 ACCORDING to statistics released by the Foreign Investments Advisory Committee (FIAC), there are 59 projects run by Singaporeans in Sri Lanka between 1977 and July 1987. The majority of these projects are joint ventures with Sri Lankan businessmen. The sectors range from agriculture, manufacturing and housing
      572 words
    • 1331 9  -  With the signing of the Indo-Sri Lankan peace accord of July 29, Colombo has thrown open the country's doors to foreign investment. DAVID CHEW of the Foreign Desk, in Sri Lanka recently, takes a close look at the rationale behind
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    • 243 9 BOTH THE Greater Colombo Economic Commission and the Foreign Investments Advisory Committee have come up with incentives which are designed to attract foreign investment into Sri Lanka now that the Indo-Sri Lanka peace accord has been signed. The benefits offered by the GCEC are as follows:
      243 words
    • 850 9 THE PEACE ACCORD signed between President Junius Richard Jayawardene and Indian Prime Minister Rajiv Gandhi on July 29 was essentially the key that opened Sri Lanka's doors to foreign investments. But what is more crucial for Sri Lanka is how the accord will facilitate this
      850 words
  • Page 9 Advertisements
    • 78 9 Japanese Restaurant 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 lunches. Priced at only $16+ per set, they are easy to
      78 words
    • 145 9 gl fit A7.no^ 6 *A K > C <=> •7 Km ■Hr d|K; T"* -.••V ■sPP r^sa Your local Nedlloyd agent connects you to the world No matter what the cargo, the destination, the complications, your local Nedlloyd agent is your direct connection to total transport services worldwide. Nedlloyd Lines
      145 words

  • PERSPECTIVE
    • 627 10 You stop, right there! PERSIAN is a beautiful language, the tongue of poets, dreamers and lovers. It is, therefore, more than a little painful when that language is used to rain abuse on a world which does not share the predilections of Iran's current leadership. To Iranian President AM Khamenei,
      627 words
    • 1703 10  -  The Australian property market is poised for a boom, taking over from the prolonged bull run on the Australian stock market. The amount of funds about to enter the property market is a record. FLORENCE CHONG reports from Sydney. FLORENCE CHONG ONE
      1,703 words
    • 1142 11  -  The oil crisis is turning out to be a blessing in disguise for Indonesia. Its effort in diverting its attention to non-oil exports is producing results, and this has evoked admiration from such institutions as the World Bank and International Monetary Fund, says RUTH
      UPI  -  1,142 words
    • 478 11 Reuter EUROPEAN COUNTRIES are urging patience and a steady course for the world economy, despite some disagreement over what steps they should take next. Finance Ministry officials and central bankers across Europe believe that progress if slow progress is being made towards eliminating
      Reuter  -  478 words
  • Page 10 Advertisements
    • 225 10 Rabobank. ¥>ur partner for business with the Netherlands. Rabobank Nederiand, with offices in Singapore, Hong Kong and Jakarta, provides a personal service to companies with trade relations in the Netherlands. Rabobank is an "AAA"-rated Dutch cooperative banking institution with total assets of U.S. 65 billion. It ranks among the largest
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  • Page 10 Miscellaneous
    • 1246 10 w cm mm IB 12 PM SBC Text Sample Pages. •Opening ond Programme Highlights followed by The New Crosswits. •Coming Attractions. •Catastrophe! No Safe Ploce (Last episode). Disasters featured tonight include: the fire which destroyed five hundred homes in one of California's wealthiest suburban communities in November 1961 and The
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  • Page 11 Advertisements
    • 325 11 on achievement An eligible company's assets shall not have exceeded SsBm on January 1,1987. It will have less than 100 workers, if in manufacturing, or less than 50 if in the service sector. The age of the company, its profit record and success in innovation (products, services or new markets)
      325 words
  • Page 11 Miscellaneous
    • 648 11 CRYPTIC PUZZLE ACROSS 1 Sorry to get led astray on horseback! (6) 7 Factotum of the canine defence league? (8) 8 As returned by me. it's no different (4) 10 Taken to Len*s, maybe (6) 11 Musician's wangle? (6) 14 Something to show on rising (3) 16 One woman's bloomers
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  • SPORTS & LEISURE
    • 259 12 Reuter WORLD NUMBER ONE Steffi Graf cruised through her first match at the US$l5O,OOO Hamburg Women's Tennis Tournament on Tuesday but her fellow-West German Bettina Bunge suffered a shock defeat. Graf, playing in her first match since losing to Martina Navratilova in the final
      Reuter  -  259 words
    • 445 12  -  By JAIME LYE IT WAS A good trick, telling the audience that one of the cast members had come down with an asthma attack, and the only person left to take over was the prompter, so "please give him your support". His fumbling uncertainty
      445 words
    • 550 13 AFP JACK NICKLAUS has finally admitted it there is a very real possibility that Europe could win the Ryder Cup for the first time on America soil this week "And I would not be very happy about being the first captain of a losing
      AFP  -  550 words
    • 149 13 Reuter TONY JACKLIN, non-playing captain of the European Ryder Cup team, faced his first crisis on Tuesday his team's golf bags were too small. Jacklin, making his third straight appearance as non-playing European captain. complained the bags given were much too
      Reuter  -  149 words
    • 413 13 Reuter JIM JACOBS, co-manager of Mike Tyson, has dismissed as "complete nonsense" a US$lO-million offer for the undisputed world heavyweight champion to fight Michael Spinks next year Jacobs said on Tuesday that he would ignore the offer made 24 hours earlier by
      Reuter  -  413 words
    • 113 13 AFP INDIA has refused to acknowledge a private invitation to Pakistan President Mohammed Zia ul-Haq to attend the World Cup cricket final in Calcutta. Officials in New Delhi said the External Affairs Ministry, which organises visits by foreign heads of states, will not be drawn
      AFP  -  113 words
    • 198 13 AFP THE AUSTRALIANS are favoured to win the Dunhill Nations Cup Golf Championship in St Andrew's next month for the third year in succession. The Aussie trio, captained by Greg Norman, are 11-4 to win the £200,000 team prize in the £600,000 tournament
      AFP  -  198 words
    • 549 13  -  3rankly speaking,... -by WALTON MORAIS THE REAL STORY of the SEA Games was not that Indonesia had won 185 gold medals or that there was a record 27 events in the 12-day meet or that there was no traditional games village
      549 words
  • Page 12 Advertisements
    • 862 12 S^ w m !l ***** T X he feast at Baron's Lbie is a flair of Australian fare juicyt prejnum size rock oysters so fresh you can taste the September sea, live Iranian lobsters, green mussels, and a selection of gram-fed beef steak. A true Baron's spread. w am m
      862 words
    • 223 12 NVjL/um ncnesttr tANT LMB irmm VEST >?0 ANI I a Dresoejp' <*Pra 9PK ERMAfijY tf 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 5 to 27,12.00 to 2.30 pm. Adult: $31/ Child: $15. Prices
      223 words

  • Page 13 Advertisements
    • 258 13 m i m is k #n r übertufi (feriU US Prime Rib of Beef, as good as ever, at only $19.50. Throughout the month of September we are offering for dinner US Prime Rib of Beef carved at your table side, served with braised onions, baked Idaho potatoes and a
      258 words
    • 215 13 PALM GRILL An elegant and intimate ambience. With exceptional French and Continental cuisine. And the very finest wines from our exclusive cellars. BUSINESSMEN'S SET LUNCH $32+ Closed on Sundays. Saturday dinner only. Westin Plaza, Ist Floor. For reservations, call 338 8585. ext. ***** or 330 8310. The Westin Plaza Raffles
      215 words
    • 177 13 REAL BIG VALUE! .IDEAL FOR BUSINESS OR HOLIDAY TRAVEL IN STYLE FLY by sincAPOwe Aiwunts STAY IN TOP HOTELS SAVE StS PENANG 2D from $295 Wide choice of city/beach hotels! TIOMAN 3D from $300* Tioman Island Resort MEDAN 3D from $310 Danau Toba International, Tiara JAKARTA 4D from $425 Hyatt
      177 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4326 14 DESPITE a strong rally in the morning, the Singapore stock market yesterday ended on a mixed-to-easier note. At the close, the Straits Times Industrial Index stood almost unchanged at 1,366.78. a scant gain of 0.74 point from Tuesday. The BT Composite Index increased
      4,326 words
    • 262 14 Rises M trowortes 1260 K l Kopong 362 D»S 1630 Gorvingt 693 How for 635 M tanking 700 1 C 610 Porfc Plant 664 Cora Plant 50« 306 HorrWora Miia 470 Sim* Darby 50< 334 S P M 1050 U O I 750 Woomra 635 Kentucky Sporo
      262 words
    • 4309 14 BID and offer price» 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".
      4,309 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • 450 15  -  By ELAINE KOH UNITED OVERSEAS Bank has won control of Industrial Commerical Bank. By noon yesterday, (JOB had garnered a 56.72 per cent stake in ICB. (JOB is now close to wrapping up its $258 million bid for ICB, which will make it
      450 words
    • 125 15 Bernama ES ALUMINIUM Company of Malaysia Bhd (Alcom) reported a pretax loss of M 511.49 million for the first six months of 1987 against M 512.19 million for the same period last year. Loss after tax and extraordinary items was M 511.85 million against
      Bernama ES  -  125 words
    • 273 15 Managers' prices DBS Banir for Sep 24 Slienton Gr Fund 103 IOB; 152 098 Singapore Unit Trust Japan Gr Fund Shenton Thrift Fund 1 47 098 The Coiiwce 120 127 The Savings Fund 105 1 12 S pore Prog Fund Spore Sac Fund Spore Invest Fund S pore
      273 words
    • 474 15  -  By CORRINA LIM GAS AND TRADING COMPANY Dah Yung Investment Ltd's proposed injection of $2.51 million is expected to reduce current bank loans by $1.1 million and also provide extra working capital of $1.4 million. The group's bank borrowings totalled $8.6 million as
      474 words
    • LATEST RESULTS
      • 91 15 profit fell by more than half to M$892,056 for the first six months of the year, on a turnover of M$20 53m (M$20 13m previously). After taxation, profits stood at M$358,597, a hefty drop from the M$1 11m in the previous period. Earnings per share
        91 words
      • 129 15 DEVELOPMENT Commercial Bank's profit for the first half of the year was M$5 42m (Ms 4 03m). Total group deposits stood at Ms 3 44 billion (M 53.38 billion) while total loans and advances, including bills receivable, came to M 52.65 billion (Ms2.B billion). There was no mention of dividend
        129 words
    • 107 15 UNITED Industrial Corporation's proposed takeover of First Capital Corporation is one more step closer to reality. At an extraordinary general meeting convened by the company yesterday, shareholders approved its proposal to issue new shares. The new stock issue will be used to
      107 words
    • 233 15 AVIMO Singapore Ltd has won a $15 million contract to supply new fire control systems for light tanks Although the customer was not identified, the company said it won the contract in the face of international competition. Avimo also said its system features
      233 words
    • 509 15  -  More than $18m paid for Harpers House By LISA LEE THE HARPER GILFILLAN Group has finally found a buyer for Harpers House and he is none other than the fast-moving and übiquitous property tycoon Ng Teng Fong. Sources say that Mr Ng
      509 words
    • 294 15 CENTRAL PROPERTIES Ltd. the property and investment holding company controlled by financier Khoo Teck Puat, has reported a hefty increase in pre-tax profit to $10.85 million for the first six months. This is a 70 per cent improvement over the previous period when
      294 words
    • 325 15 MBT THE OPEN portion of the shares offered by Bank of Commerce (BCB) was oversubscribed by 56 times. The public sent in applications totalling Ms7B7 million. In all. 311,088 people applied for 437.123 million shares. BCB offered 7.666 million shares of Msl each at Msl.Bo a
      MBT  -  325 words
  • Page 15 Advertisements
    • 133 15 long Bee Finance Co Ltd MS I FIXED DEPOSIT I 3 mths 3.50% p.a. 6 arths 3.75% p.a. 9 aths 4.25% p.a. 12 mths 4.50% p.a. Hire Purchase Industrial and Commercial Machinery Construction Equipment Properties Share Loans 116 Middle Road #03-01 ICB Enterprise House Singapore 0718 z Tel: *****81, *****04,
      133 words
    • 296 15 APPOINTMENTS C&L Coopers &Lybrand Associates provides a comprehensive range of management consultancy services aimed at helping clients increase the effectiveness and profitability of their organisation. These services include Corporate Development, Organisation Planning, Financial Control and Management Information Systems, Manpower Reviews and Cost Reduction Studies, Electronic Data Processing, Manufacturing and Distribution
      296 words

  • REGIONAL MARKETS
    • 717 16 Group plans to expand further this year Reuter PHILIPPINE food and beverage giant San Miguel is doing "magnificently well" despite de facto governmental control, according to its executive vice-president Ramon Del Rosario. "We will have a banner year there is no question of
      Reuter  -  717 words
    • 3279 16 SHARE PRICES covered further ground at the Kuala Lumpur stock market yesterday but gains were trimed by late profit-taking, fjlue chips weathered the late selling and closed with scattered double-digit gains. Brokers said the late profit-taking was not unexpected because investors h'ave not recovered
      3,279 words
    • 443 16 C W wins right to operate telecoms service in Japan FT CABLE WIRELESS, the UK telecommunications group, has won its yearlong battle for a significant stake in the future of Japan's telecoms industry. Within the next few days, barring some unforeseen obstacle, the consortium in which C W is a
      FT  -  443 words
    • 461 16 Reuter THE AUSTRALIAN share market closed sharply lower yesterday as investors took profits after last week's strong gains. Brokes said heavy selling pressure was evident despite positive signals from abroad, including a record rise on Wall Street and steady bullion prices. At the close the All Ordinaries Index was
      Reuter  -  461 words
    • 126 16 2J BANT Ao Kham Thai 240 Ayudhya investment 406 2 -6 -20 -4 Saha Union Siam Cement Siam City Canwnt 289 464 1803 1774 •4 -S 32 32 Bangkok Bank 377 Siam Commercial Bank 770 -6 Charoong Thai Wire ft Cable *63 Siam Food Products Singer Thailand 1190 47
      126 words
    • 280 16 SEP 23 All Sincere Indus Asia C«m«ri Cathay Con* HT 6 05 78 00 109 00 *025 *35 3 Kolin Kuochan Dev Laa Chang Yuan Cham Indua Lien Hwa Indua 61 00 56 00 56 00 6100 80 50 2 5 2 2 2 5 Chang Hwa Bank Chang
      280 words
    • 85 16 SEP 2) «80S if. Martteel Aco|e Mining Anglo Phil Oriental B Phil Oversea! ooe 0 1050 0 51 -***** -0 005 -0 03 Ape* Mining B Atlas Con 6 Baguio Gold Basic Petroleum 0 0775 002 -0 005 Pic op B PLOT San Miguel B 215 180 0 029
      85 words
    • 1399 16 Hongkong SHARE PRICES closed sharply higher on the Hongkong market yesterday pushing the Hang Seng Index to a new high. The index jumped 67.58 points to a record 3.763.11 with turnover rising to a new high of HK$3.4l billon from HK$2.BO billion on Tuesday. The Hong
      1,399 words
    • 119 16 «p a Chail Sugar WON ***** -300 Kai Kangwon Ind Kia Motor ***** ***** ***** so 100 100 •900 Daalim Ind ***** -430 ***** 40B Daewoo Corp ***** 100 Lucky Lid ***** 800 Daawoo Haavy Daiaftin Sacuritiaa Dong Ah Phar Dong Suh Slock Oongbu Staal ***** ***** ***** *****
      119 words
  • Page 16 Advertisements
    • 371 16 NOTICES INDUSTRIAL PROPERTIES FOR SALE A. Chia Ping Road General Industry Zone 2 storey office bldg 1 storey workshop/store on 150,000 sq ft land Office 1300sq ft./workshop 60,000 sq.ft. Tenure JTC 60 yr leasehold (balance 40 yrs) Price -S$ 1.5 m B. Jurong Pier Land -185,000 sq.ft. Built-up 79,000 sq.ft.
      371 words
    • 286 16 THE COMPANIES ACT, CAP. 50 AMER AGRO-TECH SYSTEM PTE LTD (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of AMER AGRO-TECH SYSTEM PTE LTD duly convened and held at 5001 Beach Road #07-46, Golden Mile Complex, Singapore 0719 on Monday, the 21st day of September 1987, the following special resolutions
      286 words

  • WORLD MARKETS
    • 1080 17 New York Reuter A BUYING explosion on Tuesday, triggered by strong advances in the dollar tnd bond markets, rocketcd Wall treet to its biggest single session gain. The advance was broad based, but led by powerful rallies in the energy and technology sectors, traders and analysts
      Reuter  -  1,080 words
    • 963 17 London Reuter EQUITIES WERE MARKED up sharply at the outset on the London market yesterday, following a steep rise in the US stocks overnight where buying of oil and technology issues pushed the Dow Jones average up 75.23 points. Prices drifted down slightly from the
      Reuter  -  963 words
    • 1332 17 Selected indices HONGKONG All Industrials Hongkong Index Wednesday 3.348 0 Tuesday 3.382 1 Wednesday 2.***** Week ago 3.3590 Tuesday 2.***** Week ogo 2.372 20 NEW YORK Hang Seng Index Dow Jones Wednesday 3.763 11 Tuesday 2.568 05 Tuesday 3.695 53 Monday 2.492 82 Week ago 3.604 64 Week ogo 2.566
      1,332 words
    • 68 17 FT IMPERIAL CHEMICAL Industries has announced the sale of the basic chemicals businesses of its Stauffer Chemicals subsidiary to Rhone-Pou-lenc of France for US$522 million. This was substantially in excess of analysts' valuations which ranged up to US$4OO million. The sale virtually completes the dismemberment
      FT  -  68 words
    • 672 17 Spotlight on Pearson and Guinness Peat NYT TWO FLAMBOYANT publisher-in-vestors surprised the London financial district on Tuesday. Rupert Murdoch announced that he had acquired a major stake in Pearson PLC. a media and financial services conglomerate; and Robert Maxwell declared that he was seeking
      NYT  -  672 words
    • 64 17 Reuter BRITISH-BASED investment bank Morgan Grenfell Group PLC said its subsidiary. Morgan Grenfell New Zealand Securities Ltd. has obtained membership of the New Zealand Stock Exchange. Morgan Grenfell said in a statement it is the first international investment bank to be directly represented on the
      Reuter  -  64 words
    • 210 17 NYT AN ADMINISTRATIVE law judge in the US has ruled that the proposed merger of Piedmont Airlines into USAIR would be anti-competitive and that it should be disapproved by the Department of Transportation. The proposed US$l.6 billion merger, which would create America's fifth-largest airline, would
      NYT  -  210 words
  • Page 17 Advertisements
    • 265 17 SOMEONE OVERSEAS I SINGAPORE The Straits Times f WEEKLY OVERSEAS EDITION m 3% M.CHP) No. 222/8/87 SATURDAY, SEPTEMBER 5. I*l *>- K -V/a; &ZtSs The Straits Times Overseas Weekly. It's the new weekly newspaper, printed on lightweight paper in convenient tabloid size. It will carry business, economic, political and general
      265 words

  • 742 18  -  By LEE HAN SHIH THE LISTING of DBS Land will turn it from a developer to an aggressive trader of multi-million-dollar properties. Property development will Still remain a central part of its business, but it will largely serve as an anchor for DBS
    742 words
  • 124 18 Reuter AN ARMS EMBARGO against Iran would have little more than symbolic value and a boycott of Iranian oil might be the only effective way to stall Teheran's war machine, Gulf-based diplomats said yesterday. As the US began to rally in- ternational support
    Reuter  -  124 words
  • 58 18 Reuter INDONESIAN Energy Minister Subroto said yesterday that Opec oil production had dropped by around one million to 1.2 million barrels a day this month. He said that the cartel's over-production had not affected the official price of US$lB a barrel. "Prices on the international market are
    Reuter  -  58 words
  • 148 18 Bernama ES UNEMPLOYMENT in Malaysia is expected to hit 10 per cent next year, up from 8.7 per cent last year, said two senior researchers with the Institute of Strategic and International Studies Steven Wong and Mustafa Mohamed Najimudin said yesterday that the projection
    Bernama ES  -  148 words
  • 421 18 AFP, Bernama ES JAPANESE Prime Minister Yasuhiro Nakasone is expected to announce loans and technical assistance worth US$2 billion for Asean during a visit to Thailand, according to officials in Tokyo. The officials said yesterday Mr Nakasone was to
    AFP,; Bernama ES  -  421 words
  • 301 18 A SECOND Judicial Commissioner has been appointed to ease further the mounting backlog of cases in the High Court. Mr Chao Hick Tin, Senior State Counsel in the Attorney-General's Chambers. will serve as a Judicial Commissioner of the Supreme Court for two years
    301 words
  • 326 18 AFP HONGKONG is poised to emerge as Asia's fastestgrowing economy this year, surpassing South Korea and Taiwan for the first time since 1981. The latest official estimates released this week show the British colony's gross domestic product expanding at 12 per cent
    AFP  -  326 words
  • 426 18  -  By SOH TIANG KENG, Financlal Correspondent STANDARD CHARTERED Bank has revamped its top management and recruited prominent woman banker Theresa Foo as manager of corporate banking. Mrs Foo, who will quit her job as as executive vice-president of Oversea-Chinese Banking Corporation at the
    426 words
  • 90 18 AP INDUSTRIAL and Third World countries harbour pirates of proprietary goods who cost US companies US$2O billion in lost sales, a research group said yesterday. It also quoted a survey saying that an estimated 20 per cent of the world's fakes are made in
    AP  -  90 words
  • 93 18 COMEX gold futures rallied from lows on news yesterday morning of a larger-than-expected rise in US inflation at the consumer level in August. In a moderately active market, December gold snapped back from a low of U*****.00 to set a high of U*****.70 before stabilising at Tuesday night's
    93 words
  • 65 18 Bernama ES A RESOURCE-BASED manufacturing industries Act should be enacted to give special privileges in terms of development and incentives for all resourcebased industries in Malaysia. Tan Bok Huat, an economist at the Institute of Strategic and International Studies in Kuala Lumpur, said this should be emphasised
    Bernama ES  -  65 words
  • LATE FILE
    • 59 18 Reuter US CONSUMER prices jumped 0.5 per cent in August owing to higher energy and housing costs after July's moderate 0.2 per cent increase, the Labour Department said yesterday. The Commerce Department said that orders for the most expensive manufactured goods had decreased 3.1 per cent
      Reuter  -  59 words
    • 36 18 AFP PRESIDENT Suharto said yesterday that a newlysigned bilateral agreement between Moscow and Jakarta to exchange news and television programmes should lead to more trade with the Soviet Union. AFP
      AFP  -  36 words
    • 53 18 AFP THE JAKARTA Legislative Council yesterday elected an ex-general governor of the capital for the next five years. Retired LieutenantGeneral Wiyogo Atmodarminto, who was Indonesian ambassador to Tokyo till early this month, overwhelmingly won the votes for the post to govern the city in preference to
      AFP  -  53 words
    • 60 18 Reuter SOUTH KOREA'S top dissident Kim Dae-Jung yesterday called on his rival in the Opposition camp to quit the presidential race and leave the field free for him. One of Mr Kim's closest associates passed the message to Kim Young-Sam, president of the Reunification Democratic Party
      Reuter  -  60 words
    • 42 18 Bernama THE BANK of Tokyo will help the Malaysian Industrial Development Authority attract more Japanese investment to Malaysia, Deputy Prime Minister Ghafar Baba said. Mr Qhafar returned home yesterday after week-long visits to Japan and China. Ber-
      Bernama  -  42 words
    • 44 18 Reuter HONGKONG Governor Sir David Wilson arrived in Beijing yesterday for talks with the colony's future masters. Sir David was greeted by Chinese Deputy Foreign Minister Zhou Nan, with whom he is scheduled to have three hours of talks today.
      Reuter  -  44 words
    • 33 18 Reuter AIR TRAFFIC controlers in Brussels staged their third lightning strike in 24 hours yesterday, disrupting flights, and threatened further walkouts in the next few days, the airport authority said.
      Reuter  -  33 words
  • Page 18 Advertisements
    • 104 18 FULLY FURNISHED EXECUTIVE OFFICE for the mere price of a room! complete facilities telex, fax, copier, word processing, secretarial services, conference room, answering service, long short term lease you name it! Your inspection enquiries welcome. WORLD-WIDE BUSINESS CENTRES (S) PTE LTD #11-04 06 Peninsula Plaza, Tel: 336 1769 THE LONG
      104 words
    • 3 18 Leader, Page 10
      3 words
    • 254 18 Th« Wall Straat report was not avallabla at prasa time. CftKUM CORUM SWISS f dujo a A K n as I Named after the famous Champagne Mumm Admiral's Cup series with the approval of the Royal Ocean Racing Club, London. Admiral's Cup by Corum....a luxury quartz watch handcrafted for those
      254 words

  • SHIPPING TIMES
    • 459 19  -  By JUNE LIM EAGLE ENGINEERING has acquired a floating dock from Southern Ocean Shipbuilding. It is believed that Eagle, a company equally owned by Keppel Corporation and the Loke family, purchased the four-year-old dock for about $2 million. Eagle has plans to move
      459 words
    • 331 19 Bernama ES THE PENANG PORT recorded a 12.5 per cent rise in the export of cargo to 1.66 million tonnes for the first six months of this year, the Penang Port Commission said in a statement. This was due to a substantial
      Bernama ES  -  331 words
    • PORTSIDES
      • 119 19 AFP A CHINESE Navy submarine has for the first time travelled down the difficult Yangtze River without needing to be towed, a newspaper in Hongkong reported. The pro-Beijing newspaper Wen Wei Po said the new submarine had successfully covered more than 1,000 kilometres of the
        AFP  -  119 words
      • 171 19 AFP A GREEK cargo ship's captain and six crew went on trial on Tuesday at the criminal court of Piraeus near Athens charged with throwing nine stowaways from Ghana overboard in April 1982, one of whom died as a result. The other stowaways, who got on board
        AFP  -  171 words
      • 84 19 Seatrade Week THE PHILIPPINE Overseas Employment Administration has lifted the ban it imposed last year on the issuance of new licences to manning agencies. It justified the move by citing the recent surge in the demand for Filipino seamen and the entry of foreign
        Seatrade Week  -  84 words
    • 1507 20 Over the past few years, a number of new registers have sprung up offering owners more choice. At the Lloyd's of London Press conference on open register, many moral and legal issues were aired. Two speakers, John Whitworth and Ake Selander, in particular presented the two
      Fairplay  -  1,507 words
    • 733 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 A PC line V 4 APL III 2/3 Arrow lines IX 5 ASCI
      733 words
    • 1160 20 CHARTERING was generally rather quiet on the freight market on Tuesday with rates mostly holding fully steady to slightly higher, shipbrokers said Grain shippers paid U5530.50 for wheat from Duluth to Algeria while $7.50 was agreed for a grain cargo from the St Lawrence to Antwerp-Rot-terdam-Amsterdam. A vessel
      1,160 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 ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd
      163 words
    • 167 21 OIL BUBBLING from a sunken freighter formed a 6.5-km slic* off California on Tuesday, but authorities were confident one of the Pacific coast s most scenic areas would be spared. Fishermen worried that copper ore that had been carried by the ship would kill
      167 words
    • 370 21 Lloyd's List INTERNATIONAL Maritime Carriers, which has been taking advantage of low secondhand values to boost its fleet, is expecting profits in the first half of the current year to exceed those for the whole of the previous term. In the
      Lloyd's List  -  370 words
    • 120 21 Reuter NO IMMEDIATE increaseAp likely in war risk premiums tot cargoes or vessels making trips to the Mid-East Gulf in spite of the mounting tension in the region, according to marine underwriters and insurance brokers. Although the attack by a US helicopter on
      Reuter  -  120 words
    • 163 21 AP A KOREAN company has received a US$2l5 million contract for work on an Iraqi oil pipeline under construction because of the conflict with Iran. Hyundai Engineering and Construction Co said it would build a 10 km portion of the pipeline and gasoline loading
      AP  -  163 words
    • 60 21 Reuter JAPANESE maritime officials said they believe North Korea is holding a Japanese fishing boat crew which disappeared earlier this month. The 11-man crew of the No 56 Kaisei Maru was last heard from on Sep 12. four days after it left the Japanese port of
      Reuter  -  60 words
    • 213 21 ALL SURVEYS were conducted on Sep 7 Argentina Buenos Aires Normal operation. Australia Brisbane, Melbourne and Sydney Normal operation. Bangladesh Chittagong 30 vessels operating. Brazil All ports Customs officials' work to rule delays operation. Cameroon Douala Rain delays operation. Canada Vancouver (British Columbia) Waiting time of up to
      213 words
    • 445 21  -  By Kingsley Wood AUSTRALIA'S Waterside Workers' Federation has warned it will pull out of talks on port restrictive work practices and begin an industrial campaign if employers do not quickly agree to a 4 per cent second-tier wage
      445 words
    • 144 21 PACIFIC FORUM Line has predicted a loss of more than US$BOO,OOO for 1987 after two good years. The 11-year-old shipping line, financed by 10 South Pacific nations plus New Zealand, recorded losses until 1985 when it made a US$l.2 million profit followed by U*****,500
      144 words
    • 8637 26 SQOBIDOQiB 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
      8,637 words
    • 117 26 Area/Port Viscosity CST at 50C Density G/ML at 15C Water Volume 0/0 Africa/Red Sea Jeddah Durban Arabian Gulf 160/194 147/186 0.951/0.974 0.980/0.993 0.1/2.2 0.0/0.8 Ras Tanura Bahrain Europe 110/110 132/199 0.941/0.941 0.965/0.976 0.1/0.1 0.0/0.1 Rotterdam Hamburg Le Havre Genoa Far Eaet 26/530 33/415 23/362 34/416 0.935/1.010
      117 words
    • 1377 27 AT CONVENTIONAL WHARVES MARINA WHARVES VmmI Berth KEPPEL WHARVES Alfesom <19 Anonos <27 Aries <34 Bongko4 Novee K15 Coly <35 Chos Isabel IC36 Concord jinbo <16 Flomboyonf <18 Koto Bokti <31 Koto fotno <32 troo CHeng <29 MmK< <21 Poc Glory CIO Shown Troder <30 Straits Pride
      1,377 words
  • Page 19 Advertisements
    • 681 19 How S.K. Asia upset the logical West hilarious tragic dangerous. Available at all Good Bookshops i I I I ih \/i Jvi i STP Distributors 2 Jurong f*r*\ Road 2201 0# f "WS OOCL Orient Overseas Co*t<um% Line ww 04NI SMIPfIM AGENCIES (R« No. 2(2W 00K) 200 Cantonmnt Itoad #12-05
      681 words
    • 67 19 AT A CONFERENCE organised by Lloyd's of Loodon Press recently, two speakers presented opposite sides of the open register. Page II INTERNATIONAL Maritime Carriers is expecting profits in the first half of the current year to exceed those for the whole of the previous term. Page 111 Index to advertisers
      67 words
    • 897 19 Ava>la6>> at all Good Boot shop* Published by Cambridge GIO S 2L < Ter«w* COW* -1 ftfoUC** 'Ui ill.Vi^ Times PuMnfwif Croup MAERSK LINE OUR MEDITERRANEAN SERVICE NOW EXTENDED TO LISBON SINGAPORE LISBON 19 DAYS This week Anna M Closing Time CY 24/9 1000 MRS CFS 24/9 0900 MRS To
      897 words

  • Page 20 Advertisements
    • 591 20 OUTBOUND TO NORTH CONTINENT CQMPAGNIE MARITIME DAFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA Alto Kctptinf cargo to all U.K. destinations. Scandinavian (Aartius, Copenhagen Gothenburg) and other European Inland potnts t West African Ports. EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/ MARSEILLES 16 DAYS SINGAPORE/ BARCELONA (DIRECT) 17 DAYS
      591 words
    • 21 20 Lines and services represented by i Members of the Registry of Accredited [5 Shipping Agents. Singapore National v% Shipping Association. w
      21 words
    • 437 20 MTO MARITIME TRANSPORT OVERSEAS GMBH EUROPE/FAR EAST CONVENTIONAL SERVICE I VSL PT of LDG. DATES PT KLANG LA CHESNAIS BretnenHamburg-Antwerp-1 mmir>ftiam 4-24/9 24/10 ANGELE N Hamburg 21-21/9 30/10 TBN Aviles-Santander 21-30/9 2/11 LDG FOR Batanc*s-Ka«tisiun|-PotMng Bangkok-Hani la-Hongkong Bangkok-Hongkonf-Ulun Further kMd/dtsctwpng port* en route subf«ci to *utfici*nt inducement M*t» Mvitm Import
      437 words

  • Page 21 Advertisements
    • 990 21 The Straits Steamship Group /r; Mansfield Container Shipping Re Ltd STRAITS SHIPPING Singapore to moni, Sarawak, Brunei Ports and Bangkok P&OCLJg^ P&O Containers Limited CONTAINERS!* SERVICE TO UK/CONTMENT: PEGASUS PROGRESS V499N 2* 30 See 01-02 Oct PEGASUS PROGRESS VSOON *-07 Oct 09-10 Od BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL *****80
      990 words
    • 619 21 EUROPE Mi DUTCH SENATOR mmm TAIWAN SENATOR USA/PANAMA SENATOR LI HIE J Q«n«ral Ag«nt: •1.11 Mil 14.11 17.11 a n 8i.12 12.12 15.12 DUTCH SENATOR EF 711 27.09 EF 712 H.ll EF 713 21.11 EF 714 05.11 LOAO W< iWI'IL. TAIWAN SENATOR M 02 01 09 17.09 «0 01.10 15.10
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  • Page 22 Advertisements
    • 313 22 SE Hapag-Uoyd CONTAINERSHIP SERVICE TO UK/CONTINENT ALSO ACCEPTINC CARGO TO ALL UK INLAND DESTINATIONS. BELFAST. DUBLIN COPENHAGEN. AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM CARIBBEAN t S AMERICA CONV; SEMI-CONTAINER SERVICE TO EUROPE CONV)SEMI-CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK/CONTINENT Cardigan Bay Bonavon Tolaga Bar Tokio Eiprtu Kowloon Bay
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    • 839 22 m >*s u *r K&line (KM FULLY CONTAINERISED SERVICE fro EUROPE VIA SUfZ "J ,h ce Consort*™ TRANSWORLD BRIDCE 39* SEVEN SEAS BRIDGE S7W ACE CONCORD 11W KOREAN CHANCE 33W NEPTUNE DIAMOND 77* ORIENTAL CHIEF 56* LeHavre R dim Fstowc M burg B haven IS 10 17/10 18 10 20
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    • 428 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 8/10 TOKYO/YOKO 30/9 5/10 6/10 3/10 4/10 5/10 15/10 5/10 \fSKKM LOADING FOR SYD,
      428 words
    • 1111 22 EVERGREEN Full Contjmcf Scrvicr Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GLOBE EVER GENTLE EVER GENTRY EVER GLEAMY EVER GOLDEN EVER GROWTH SCP HKC KSC KLC PUS OSK TYO K$N 2/10 VU 7/10 *10 3/11 W una 13/10 is/10 IVIO 11/10 20/10 22/10 ifc/n 2100 2VIO 27/H 2*lo ani a/10 1/11 j/ii
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  • Page 23 Advertisements
    • 797 23 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL KOTA SINGA MAJAPAHIT SOW A SBV H G KAO KEC MUR ,HTC VOK NGO KOB BUS SW In PI 1/10 3/10 4/10 10/10 12/10 13/10 15/10 16/10 17/10 ®/10 8/10 10/10
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    • 282 23 NORBULK CARGO SERVICES LTD. REGULAR CONVENTIONAL TJMBERAND PLYWOOD SERVICES TO UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL 22X366 W MALAYSIA SP YEO SHIPPING TRADING KL PK 36M101 PENANG. TANJUNG MARINE SD« BHD TIL 62«525 SABAH TRANSPAC K K 5M8&*****8 CHINA OCEAN SHIPPING COMPANY ukc
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    • 689 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT KiUno Maru Larp toy Tola* by TMuo Eigrm KmHmii Bit Frmkhtn Eipri OuU by Kitano Mini 0 HAVEN ROAM 11/11 1110 10 am aoo am MI MI MI MI mi mi 22/11 22/11 27/11 27/11 502 VU 12/12 12/12 17/12 17/12 EXPRESS
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    • 609 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESUDI LLOYD P.T. SANUDERA INDONESIA P.T. TRIKOIIA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SIN6APORE TO EUROPE VESStL/VOY CANDA GAMA/19WB MATARAMI9WB S PANJANG/17WB CANDA BHAKTI/19WB 1315/11 ANTWERP BILBAO BREMEN A DAM/R DAMH BURG 11/11 16/11 23/11 2/11 6/11 U/ll 5/12 J/12 12/12
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    • 438 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPIH6 CORPORATION (Burmese National Line) Loading for Rangoon S pore P.Kelang Penang Bangkok HTONEYWA V227W 23/25 Sept PAGAN VllW 27m Sept 25/26 Sept 'SAGAINC VlO BPWS SepZ Loading tor Europe S3 BANK LINE EXPRESS SEMI-CONTAINER SERVICE NORTHBOUND TO UKC SPORE RDAM HULL HMBG CLYDEBANK
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  • Page 24 Advertisements
    • 1069 24 kL »"K LinE SHIPPIfIG OflTfi fITLfIriTIC COAST (Round-The-World Service) •PK/PNG ORIENTAL FORTUNE V 5 Sid 25 Sep 17 Oct NEPTUNE JADE V 9 26 Sep 2 Oct 24 Oct •VIA FEEDER PACIFIC SOUTH-WEST FEEDER VSL 'PK/PNG SP MOTHER VSL 0 FORTUNE V 5 Sid 25 Sep MACKINAC BRIDGE 9 NEPTUNE
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    • 269 24 m 1,,! ZJ* EMBASSY/FRIENDSHIP <*p FREIGHT SERVICES QH JOINT CONSOLIDATION TEL: *****73/*****32 FAX *****62 TLX: RS *****EFS WEEKLY LCL/FCL CONFERENCE/NON-CONFERENCE SERVICES TO: EUROPE ANTWERP/ HAMBURG/ LE HAVRE/ ROTTERDAM/ UK/ SWITZERLAND FAR EAST BANGKOK/ HONGKONG/ KAOSHIUNG/ KEELUNG SOUTH ASIA BOMBAY/ KARACHI/ MADRAS m m WEEKLY SERVICE S PORE TO KUCHWG SJBU
      269 words
    • 713 24 'M AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Feedf P Keteni Lmer Vessel S pwe MMb Frem Srdn Alio Acce< "Sept 10 Oct 19 Oct 17 Oct Add'6m RAVID *S V 36 X Oct S Nov 14 Nov 12 Nov Adel/Bris INDIA EXPRESS CONTAINER SERVICE INDIAN COURIER V73N PROOROMOS V
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    • 763 24 golden line ,0 (TV GUM GUAN SHIPPING (PTE) LTD I 23. Tcte <»r Street SKCMUK 0104 Til ***** M (10 IKS) Fai SM3SO4 STRAITS/PERSIAN GULF SERVICE: Spore P KelangPewg GOLDEN HARVEST Colombo. Karachi'Dubai 21/29 Sept GOLDEN HAVEN Cotomboi Karachi Unseat IS/1S Oct CHINA SERVICE A VESSEL Hsinkang, Shanghai M/ 30
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    • 454 24 PHILI Oni€NT LIN€S PT€ LTD HEAD OFFICE 63 ROBINSON ROAD -07 12 AFRO ASIA BUILDING. S'NGAPORE 0106 TELE* RS ***** PHILI FA* *****76 MIDDLE EAST/FAR EAST K ME2ENTSEV JEURO TRANS-BLACKSEA G. MONKADY B M TOW AS ESS 10 10 ISTANBUL MERSIN. TABRIZ. TEHERAN. MOSUL. BAGHDAD. ANKARA. IZMIR DJULfA CONTAINER SERVICE
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  • Page 25 Advertisements
    • 942 25 NEPTUNE AGENCIES PTE ITO. FE EU/AUST TPArttA M CFS MMINCS J®" mm mm SKSJES'S: SSSSSnSS NEPLINE SDN BHD. *****87 NEPLINE SON BHD. *****33 NEPLINE SDN. BHD. umai27m*2Mlii27tU NEPLINE SDN BHD *****0/*****1 \\NEPTUNE ORIENT LINES LTD £S 5£ SS: Z S FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A member of the ACE
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    • 563 25 HEUNG-A SHIPPING Korean Flag Vessels •9 DONAM SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG, PENANG, BUSAN. INCHON Vmml t Name S pori No I Donam 707 N 25/09 Gloria 71SN 27/0) M Enter pose/713N 26/09 No 7 Donam/707N 05/10 No 9 Donam/707N 13/10 No DN/710N 11/10 No I DN/700N mo Fully
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    • 708 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 a ,Me Addres s SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** r RtLANG PfNANG M/S HANDLING SYSTEM CO SDN BHD MESSRS HAI THONG SMiPPimr it? i
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    • 30 25 PAPUA NEW 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 26 Advertisements
    • 310 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. —TEL 225 6868 <30 Unesi FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD V£B DE UTF R ACHT/SE EREEDEREI 90STQCK INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO Accepting cargo for INDIA Bombay, Cochin Madras **VIA lARNACA Accepting cargo tor Lattakia,
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  • Page 26 Miscellaneous
    • 141 26 iTTrI h n I 1 ft sft I V -A 5* t* 1 jfij S 4! ■< irk v& sN c w XV SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO A.M. THIS MORNING. LEGEND: R Thunderstorm Trmpenture *C f} Shower Weather Wind direction with speed in knots Rain V_/ Cloudy
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  • Page 27 Advertisements
    • 736 27 SMN SOCIETE MAURICIENNE DE NAVIGATION LTEE INDIA OCEAN, SOUTH/ REGULAR SEMI CONTAINER SERVICE Gorcf.il Agents SEALION SHIPPING(S) PTE LTD TEL *****81 (5 lines) TELEX RSJ43b4 SELION FAX *****41 Ahlic* OctAN Lints Lid. VESSEL ETA SPORE Loading tor MV ILION 5/10 Lagos, Port Harcourt, Douala, Tema and Bissau Accepting FCL LCL
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    • 224 27 WEEKLY CONSOL SERVICE TO/FROM KEELUNG ACCEPTING LCL CARGO ONLY ETD S PORE ETA KEELUNC CON-CARRIERS 14/17 5/10 13/10 CON-CARRIERS I*l7 11/10 19/10 CON-CARRIERS lt/17 21/10 27/10 WEEKLY CONSOL SERVICE TO MELB/SYDNEY ETD S PORE ETA SYD ETA KM CON-CARRIERS 21/17 2S/9 17/10 2110 CON-CARRIERS 22/17 3/10 2S/10 2900 Alto accepting
      224 words

  • Page 28 Advertisements
    • 581 28 FARGO SHIPPING COMPANY (PTE) LTD regular express full CONTAINER AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europ*/Mediterranean Vsl TNT EXPRESS E. HUDIG BRUSSEL ANTWERPEN RHT!I»wwB3TI ETA SINGAPORE BUNGA KEMUNING 123N 25/9 SIRI BHUM 339N 26/9 BUNGA BUTANG 378 27/9 KITI BHUM KOIN 2S/9 5/10, 11/10, 21/10, 27/10 30/9,
      581 words
    • 542 28 *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 /M CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER B BUTANG 375 B. BUTANC 377 B. BUTANC 379 IDZ2Z3I PENANC N DEJIMA 8 SURIA SELANOIA I ion
      542 words
    • 626 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 OHRMAZD 25-27/9 ZT KNTN BELA PNG LALAZAR 7 /1 9/10 10-11/10 SHALAMAR 24-25/10 28-28/10 J"* 10 J™™ 11 tSS Calls at Kuantan subject
      626 words