The Business Times, 29 September 1987

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 112/12/86 TUESDAY, SEPTEMBER 29, 1987 75 CENTS
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  • 191 1 Exchange rates THE S$ moved within a range of $2.0905 and $2.0920 against the US$ in thin trading yesterday. It closed higher at $2.0910/20 ($2.0915/25). The local unit also strengthened against HK$. M$, DM and yen, but weakened against US$: 144.05/15 yen, 1.8225/35 DM, S$2.0910/20 US$1.6420/30 M$:
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  • 505 1  -  $21 m fund expected to get EDB's support By CHUANG PECK MING INITIAL SUCCESS has spurred one of Singapore's first venture capital firms to set up a bigger local fund about $21 million for investment in high-tech-nology and promising ventures. The new
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  • 314 1 BUOYED BY bargain hunting, share prices rose across the board in fairly moderate trading on the Stock Exchange of Singapore yesterday. The Straits Times Industrial Index climbed steadily throughout the day, gaining 25.32 points to break through the important psychological barrier
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  • 207 1 THE STOCK Exchange of Singapore will defer the launch date for the new commission structure until it has discussed the matter with its Kuala Lumpur counterpart. However, the new date is unlikely to be known until the Kuala Lumpur Stock Exchange (KLSE) holds an
    207 words
  • 254 1 THE DIRECTOR and general manager of the MPH group of companies in both Singapore and Malaysia, Mr Patrick Mowe, 50, has decided to retire with effect from Dec 31 this year. Mr Mowe has been the chief operating officer of
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  • 133 1 Bernama THE MALAYSIAN government must divest its control and interest in as many enterprises as possible for rapid national economic recovery, Malaysian Institute of Directors (MID) president Tun Tan Siew Sin said yesterday Private enterprise was really the key to successful economic development and if
    Bernama  -  133 words
  • 121 1 AFP HONGKONG s inflation rate could reach double-digit level in two to three years, according to an economist yesterday. Larry Tam, managing director of Sun Hung Kai Research, said inflationary pressure loomed as a result of Hongkong's booming export-led economy, with exports profiting from the
    AFP  -  121 words
  • 502 1  -  By AMY BALAN THE STOCK Exchange of Singapore has finally given the go-ahead to United Industrial Corporation to take over First Capital Corporation on one condition. The SES approval for the listing of new UIC shares is subiect to FCC chairman Allan
    502 words
  • Page 1 Advertisements
    • 126 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Only Sony help you see better Super Fine Trimtron Conventional Monitor i I lm K *11 SONY CPD-1402E Above is an actual demonstration of Sony's superior readability. The Super Fine Pitch Trinitron achieves 900 x 600 dots, resulting in a high resolution /high contrast
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    • 468 1 BUSINESSMAN OF THE YEAR AWARD AND ENTERPRISE AWARD MMUMDT CXPO€J3 Deadline extended THE DEADLINE for nominations (or the Businessman of the Year and Enterprise Awards for 1967 has been extended by two weeks to Oct 16. The decision was made by DHL International/ Business Times organising committee because some members
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    • 66 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Cartier W 1 m 18 CT 3 GOLD BRACELET RING AND EARCLIPS Cartier jewellery is sold exclusively in the Cartier jewellery stores and Les Must de Carter boutiques Each piece is accompanied by a certificate guaranteeing its authenticity BOUTIQUES Icy mu/t' de (a/tier #01-36,
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  • HOME NEWS
    • 563 2  -  By MARTIN SOONG ONE THIRD of the budgets drawn up for this year by the Mgh-technology tenants of Science Park has been earmarked Vx r •search and development P4D). According to Mr Siew Hing ,Yun, chief administrative officer j0 the Science Council, which Jfministers the
      563 words
    • 332 2 SINGAPORE'S food industry, which is the third largest in the manufacturing sector, had an output of $2.55 billion last year. And half of the total turnover was exported, disclosed the Minister of State for National Development, Dr Lee Boon Yang, yesterday when he opened the
      332 words
    • 283 2 MOVING INTO the twilight years does not turn a person into a social burden. Younger folks, employers and senior citizens themselves should drop stereotypes of the old and aged. But breaking social prejudices will be a long-term task with no immediate results perhaps,
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    • 284 2 THE Singapore and Ngee Ann polytechnics plan to become institutions of excellence, both in education and management. According to Ngee Ann's 1986-87 annual report, it has formulated a five-year strategic plan for the development of the polytechnic from 1986 to 1991. Fourteen
      284 words
    • 188 2 IN A MOVE to strengthen its links with industry, the Singapore Polytechnic is offering the expertise of its staff and the use of its computer equipment to companies at nominal rates. As a further concession, they will be made available on weekends if necessary, said
      188 words
    • 195 2 IT WAS THE National Museum's 100 th birthday yesterday and, to mark the grand occasion, the celebrations will last for three weeks. Mr Ch'ng Jit Koon, Minister of State (Community Development), who spoke at the start of celebrations, said the museum is still growing and there
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    • 83 2 THE Association of Women for Action and Research (Aware) will hold its next monthly forum on the Image of Asian Women in Western Fiction on Thursday Addressing the forum will be Constance Singam, a lecturer in the English department of tne Singapore Polytechnic. Ms Singam's talk
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    • 802 2 Seminars and < Cahners Tel: *****13 fllT Exposition Tbc RS ***** courses Fax *****66 y Oct 10 The Low and Proctice of Company Meetings; and Maintaining Quality and Avoiding Negligence for Secretaries and Plaza Hotel The Singapore Association of The Institute of Chartered Secretaries and *****63 Accountants Administrators
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    • 313 3 ANOTHER EXHIBITION on the computer industry will be held in Singapore later this year, this time catering to the microcomputer industry. The Computer Systems and Technology Exhibition or Comtec 87 will be a joint effort of the five-month old Microcomputer Trade
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    • 90 3 A LUNCH TALK on the fate of Chinese newspapers in Singapore will be given by Mr Mah Bow Tan, director and group general manager of Singapore News and Publications Limited (SNPL), on Monday at New Otani Hotel. SNPL, which is part of Singapore Press Holdings Limited,
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    • 210 3 EDDIE WONG has joined National Micronetics (S) Re Ltd as managing director. Mr Wong, who was formerly operations manager of a multinational disk drive company, will be responsible for the entire Singapore manufacturing operations. AUDREY WONG has been named conference coordinator of RELC International House. In her
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    • 480 3  -  By GENEVIEVE CUA PEPPERL FUCHS, Singapore's sole manufacturer of proximity sensors or electronic switches used in automated production lines, is gearing up for high-tech production in a bid to increase its market share worldwide The German company will be embarking on an
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    • 169 3 CURES and preventive medicine for diseases such as Acquired Immune Deficiency Syndrome (Aids) and cancer will be discussed by some 150 leading biotechnology experts at a conference next week. At the week-long Conference on Molecular Biology of Human Disease, beginning next Monday,
      169 words
    • 212 3 PROPOSALS FOR joint venture projects in Australia and China will be offered to delegates attending an international China business congress to be held in Sydney from Oct 26-29. More than 50 senior Chinese officials will offer almost 500 projects and products to delegates attending the
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    • 119 3 THE FIRST Asia Pacific CADAM (computer-aided design and manufacturing) users exchange conference will be held in Singapore next month. Organised by the Grumman International/Nanyang Technological Institute CAD/CAM Centre (GINTIC) and Applied Research Corporation, it will be held from Oct 28 to 30 at the Marina Mandarin
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    • 547 3  -  By WILLIAM CHIA THE TRADITIONAL way of dealing in spices was characterised by very low value-added because only basic processing (grinding) and simple packaging were carried out. Ethnic Foods Manufacturer, a major supplier of spices, spice blends and specialised food seasonings, has changed
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  • Page 2 Advertisements
    • 321 2 APPOINTMENTS Su Yeang Designs Pte Ltd We are one of Asia's leading design houses specialising in the design development of product packaging and corporate image systems. Our clients include a list of diversified blue-chip companies. This list is growing and we need well-qualified and highly talented people to join us.
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    • 3 2 Sea Page 10
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  • Page 3 Advertisements
    • 122 3 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day That's right! You can have the Southern Seas, the Padang and Raffles Place, and of course, historic Singapore. Whole-floor offices of 10,000 sq ft Parking- more than 700 lots Reasonable rental •r-i ''ii J 1 i !LT !"fß> ■*r ?sk-:
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    • 52 3 The Monde Selection Gold Medal Award. 1 1 2 imported SWISS ALTIMA A.IY SPARKLING NEf?AL WATER /swissN ALTIMA The Wbrkl's Best Mineral Witer. Plus five delicious natural flavours:- Raspberry. Grapefruit. Pear, Lemon and Orange. Sole Agent Chromatic (Spore) Pte Ltd. 10 Jalan Kilang Timor, #05-04 L TH Building, Singapore 0315,
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  • ASIA-PACIFIC
    • 611 4 Main economic targets remain mostly unchanged, however Reuter SOUTH KOREA S booming economy is expected to slow down in the next few years following widespread labour unrest, private sector and government economists say. "We suffered an untold shock at the outburst but we have
      Reuter  -  611 words
    • 477 4 NYT PRIME MINISTER Zhao Ziyang has expressed reluctance about assuming permanent leadership of China s 44-million-member Communist Party, despite indications that he will be formally named its general secretary next month. Mr Zhao said on Sunday he preferred to oversee economic affairs, suggesting
      NYT  -  477 words
    • 171 4 AFP ALMOST 700 million Chinese can tune into their favourite television programmes every night, according to the New China News Agency (NCNA), monitored in Hongkong. In a country of one billion people, television coverage has reached 68.4 per cent of the population, the official
      AFP  -  171 words
    • 180 4 AFP FORMER South Korean prime minister Kim Jong-Pil, right-hand man of late president Park Chung-Hee. yesterday announced his return to politics, saying that he would form a new political party in October patterned largely after his disbanded Democratic Republican Party. His supporters said the
      AFP  -  180 words
    • 408 4 NYT IRAQ and its wealthy Arab allies are threatening to reduce economic relations with foreign governments that fail to pressure the Soviet Union to accept a United Nations-sponsored arms embargo in the Persian Gulf war. Kuwait and Saudi Arabia, affluent neighbours who support
      NYT  -  408 words
    • 98 4 Bernama TRENGGANU Mentri Besar Datuk Haji Wan Mokhtar Ahmad yesterday expressed reservations on a proposal by the National Electricity Board (NEB) to build a second hydro-elec-tric dam in the state He said there has already been too much destruction to the state
      Bernama  -  98 words
    • 585 4 AFP A SPATE of forest fires which started last month and spread almost unchecked on the Indonesian island of Kalimantan has caused fears of a repeat of the blaze that devastated the island's rain forests barely four years ago. As high winds
      AFP  -  585 words
    • 145 4 Reuter THE PHILIPPINE military, fresh from starring roles in films like Platoon', is going camera-shy. Military and paramilitary units in Manila have been ordered by their commanders to forget about starring on the silver screen and concentrate instead on the less glamourous business of
      Reuter  -  145 words
    • 175 4 Reuter IRAN HAS BECOME the second largest supplier of crude oil to the US. providing Tehran with about one-third of its total oil revenues. The Washington Post, quoting a new analysis of US oil imports, said yesterday a surge in Iranian shipments to the
      Reuter  -  175 words
    • 940 4 ARRIVALS Operator S*rvic« Local From number tim* SU SQ11 0045 LAX/NRT CAL CI341 0155 TPC JAL JL61 7 0215 TYO FT FT75 0316 1AH/ORD/ANC/ NRT/MNL/TPC SIA SQ491 0810 IWN MAS MH681 0820 KUL SV SV398 0835 JED/RUH MAS MH8I 1 0910 P£N MAS MH671 0920 KUL AC
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  • Page 4 Advertisements
    • 115 4 One word thai 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,
      115 words
    • 3 4 Perspective, Page 11
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    • 67 4 Focus, Page 9 J I \i \l Jj# If 11/ The business person's choice, every I I II 111 I Tuesday. Thursday, Saturday and I I I 1 §I IV f Sunday. Leaving Changi Airport at I V I 1 A 22:05 hours and arriving at Lester B. Pearson International
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  • Page 4 Miscellaneous
    • 232 4 Doonesbury \v 50 GRAND, ITS A BARGAIN! J INGTHS \'£nquirer; \MRPUKB? w E A N AIITheCOUOR ANPYOU'RB P/X YOU U/ANT, SURBYOU RLUSMYBXCLU- HAVS 7HB A™ T m m V 1 a m 111 A BY GARRY TRUDEAU excuse Z£gip shall ub AV/ C/ .y| ujuAJ SAY ALL TUB BODY? money
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  • REST OF THE WORLD
    • 361 5 Reuter AMERICA must make bold moves in defence of democracy and not "listen for footsteps" like a football player who is beset by fear of injury, President Reagan wrote in a magazine article. The article, published in Life magazine yesterday, was accompanied
      Reuter  -  361 words
    • 309 5 NYT SEVEN former US defence secretaries who gathered in Atlanta to compare notes on the nation's defence have concurred that America should conclude a prospective agreement with the Soviet Union to eliminate medium and short-range nuclear arms. But they disagreed over the Reagan Administration's
      NYT  -  309 words
    • 170 5 AFP AMERICAN Vice-President George Bush is favoured by 46 per cent of Republican voters for the Republican Party's nomination for presidential candidate in the 1988 elections, according to a survey published in Washington on Sunday. The survey, carried out by the Washington Post and the ABC
      AFP  -  170 words
    • 225 5 AP THE HEAD of the African National Congress has predicted that the end of apartheid in South Africa will come within his lifetime. But Oliver Tambo, the 69-year-old leader of the guerillabacked ANC, said on Sunday the struggle would be long and
      AP  -  225 words
    • 687 5 AP THE FINANCE MINISTERS of the US and Brazil, the largest debtor in the Third World, have disagreed sharply on ways to solve the problem of the massive debts owed to American and other creditors. The World Bank estimates Third World debt at more
      AP  -  687 words
    • 422 5 Reuter BRITISH Prime Minister Margaret Thatcher believes that the Western world will benefit if the Soviet Union succeeds in restructuring its economy and opening its power structure to outside view. But in an interview with Life magazine published yesterday, she said the
      Reuter  -  422 words
  • Page 5 Advertisements
    • 295 5 I ij M i i i i > kr'i mo j '■v.I T :cc V* x I fN > i ,r- M ■*/> ki > < :1 t;V<. i* t#' K V,. <n <; »> < i S-,'"'J y P<V I- •a»>.*>a.« s v* s k♦*Ki s A*«*A» s v
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  • MONEY AND EXCHANGES
    • 1280 6 Reuter SINGAPORE: THE US dollar yesterday closed slightly firmer against most major currencies after thir trading with news that G-7 officiate had reaffirmed the February Lourve accord having little impact, dealers said. They said the dollar's initial rise reflected covering of short positions taken before the monetary meetings
      Reuter  -  1,280 words
    • 57 6 THE OVERNIGHT RATE on the Singapore interbank market remained unchanged to end at 3!4 per cent yesterday. The term rates fell 1/8 point across the board. S$ Interbank rates at 7pm yesterday: OFFER BID 3 1/2 3 4 1/2 4 3/8 2-4on«t 4 1/2 4 3/8 3 4
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    • 84 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFttR HIGH LOW 3 months BS*****F 24.12.87 3.37 3.32 3.32 3.32 6 months BS*****Z 21.01.88 3.41 3.36 1 year BY*****M 22.09.88 3.86 3.81 3.85 3.81 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
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    • 189 6 Indicates the average of the prime lending rate* of 12 major banks In S'pore Average of prime or equivalent lending rate on Sep 28 London 10.00% Hongkong 7.5 N«w York 875 Bangkok 11.5 Tokyo 3.375 Jokorta 25 Zurich* 3.5% Kuala Lumpur 7.5 Fronkfurt* 3% Manila 15 Sydney
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    • 247 6 Reuter THE CHICAGO Mercantile Exchange has asked federal regulators (or authority to offer options on Australian dollar futures and gold futures. In notices in the Federal Register, the Commodity Futures Trading Commission (CFTC) said it "intends to move cautiously in granting any
      Reuter  -  247 words
    • 137 6 Gold futures on Sop 25 100 troy ounces. USS par troy ounce Opwt M* Lam MM S*P 440.00 460.00 460.00 460.10 -2.00 Oct 461 40 462.10 460.00 460.30 -2.10 No* 465-00 465.00 465.00 463JO -110 Doc 468.00 468.40 466-50 466.60 -2.10 Fob 88 474.80 474.90 473.50 473.10
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    • 384 6 ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet trading, dealers said. They said news that the G-7 officials had reaffirmed the February Louvre Accord at their meeting in Washington over the weekend had little impact on trading. Dealers said sentiment was helped by
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    • 427 6 SIMEX Trading < M 8«pf 1 inter 28 1M7 Opan Htgti Lew Salt E* Vol Op /ta» Vol EURODOLLAR OK 87 9144 91.67 9143 9144 5852 ***** 5357 Mor 86 91.26 91.26 91.24 91.24 677 4175 •41 Jun 88 90.97 90.97 90.94 90.96 80 1694 321 Sap 88 90.75
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    • 1230 6 INTEREST RATES OPTIONS Trading on Mondaj i, Ssp>str ■bar 28. 1W7 EURODOLLAR (SIMEX) Mi Oec 87 cM Dec >7 pule PrtM High Leo Sen low Sen 9050 1168 116 3 9100 72B 73 9A 9 9125 538 54 14 9150 38 38 37 23 22A 22 9175 25 24A
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    • 190 6 DECEMBER Eurodollar yesterday opened slightly firmer from Chicago's closing at 91.63 as the G-7 meeting over the weekend reaffirmed the February Louvre accord which saw the US dollar strengthening against major currencies. The upside movement however proved limited as the December contract came under selling pressure
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  • Page 6 Advertisements
    • 109 6 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 Testes of Paradise" and renowned connoisseur in the art of Sri Lankan cuisine. She will
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  • BANKING AND FINANCE
    • 735 7 Reuter THE European Community (EC) is preparing a major push to abolish all exchange controls by 1992, but officials say the weakest economies may be left behind. "It's assumed though not admitted that Portugal and Greece won't make it," one official said. "It's
      Reuter  -  735 words
    • 359 7  -  By ALVIN TAY PIPPED AT the last hurdle in the keenly-contested tussle for Bank of America's Visa card centre in Singapore, DBS Bank has decided to launch its own credit card operations sometime in the middle of next year. DBS Bank,
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    • 192 7 AP JAPAN'S final approval of a contribution to the International Development Association has put into effect an agreement to provide US$ll.5 billion to the world's poorest countries over the next three years. The World Bank said on Sunday that Japan notified it
      AP  -  192 words
    • 639 7 MBT IN AN uncharacteristic show of independent action, most of the 47 finance companies in Malaysia have ignored a request by Bank Negara Governor Tan Sri Jaffar Hussein for a lowering of their base lending rate. Almost exactly one month after
      MBT  -  639 words
    • 737 7 Reuter A JAPANESE proposal that the International Monetary Fund (IMF) sell some of its gold hoard to assist the very poorest countries has added fresh uncertainty to an already embattled plan to increase aid to sub-Saharan Africa, monetary sources said on Sunday. Introducing
      Reuter  -  737 words
    • 235 7 Reuter BANKS in the Gulf region would be forced to modernise their services following a decline in corporate and trade financing opportunities, Gulf International Bank said in an economic report on Sunday. The Bahrain-based bank's economist, Henry Azzam, said Gulf banks had
      Reuter  -  235 words
    • 286 7 AFP THE WORLD BANK has announced a boost of more than 65 per cent in its loans to African countries in 1988, joining in a major effort by international organisations to help the most impoverished continent. Loans to sub-Saharan Africa are expected to attain
      AFP  -  286 words
    • 545 7 Reuter A PROPOSED REFORM of US banking laws is expected to permit commercial banks to underwrite securities through subsidiaries, but is unlikely to overhaul the financial system completely, bankers said. US Senate banking committee chairman William Proxmire was set to introduce a Bill to repeal
      Reuter  -  545 words
    • 406 7 AFP AWAY FROM the skyscrapers which house multinational bank branches in the West African capital of Abidjan, immigrants from impoverished Niger and Benin run an extraordinary informal banking sector, most of whose clients can neither read nor write. The system, which in some
      AFP  -  406 words
    • 147 7 UPI IN A MOVE to promote Japanese investment in Mexico, the country's Export-Import Bank has signed an agreement to provide Mexico's national bank, Banamex, with a loan of up to 3 billion yen (US$2l million). The Exim Bank said
      UPI  -  147 words
  • Page 7 Advertisements
    • 90 7 ARE YOUR ACU DEPOSITS EARNING COMPETITIVE RATES? Royal Trust Merchant Bank (RTMB), is whollyowned by Royal TrustCo Ltd, Canada's leading trust company. Royal TrustCo, established in 1899, has total assets under administration of almost CsBo billion and has one of the highest return on assets of any major North American
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  • COMMODITIES
    • 587 8 Export restrictions broke back of surplus problem AFP MALAYSIA yesterday rejected pleas from miners to allow freemarket forces to determine tin prices, saying a seven-nation export restriction scheme currently in force had broken the back of a major surplus problem. Primary Industries Minister
      AFP  -  587 words
    • 352 8 Reuter ARGENTINE agriculture officials and private sector representatives have responded positively to a US proposal to eliminate world farm subsidies. "We had good dialogue on our proposal," said Leonard Condon, deputy assistant to the US Trade Representative for Agriculture, who heads a team of
      Reuter  -  352 words
    • 175 8 Reuter 3ERIOUS famine looms in Cambodia in tha coming year because of disastrous rice crop losses caused by drought, according to its state radio. By September, only 450,000 tonnes of rice, about one-third of the amount Cambodia needs for minimum feeding of its people,
      Reuter  -  175 words
    • 307 8 Reuter CHINA will not allow market forces to dominate trading in cotton because hoarding and speculation would develop if it did. an official newspaper said yesterday. The Economic Daily said in a front-page editorial that the state must tightly control trade to
      Reuter  -  307 words
    • 400 8 AP SEVEN years ago, China offered to show Mr Sylvan Wittwer how it fed a billion people. They told Mr Wittwer, a noted Michigan State University agricultural researcher, he could go anywhere and explore anything, and offered the nation s top agricultural experts as
      AP  -  400 words
    • 177 8 Reuter INDIA'S Agriculture Ministry has approved imports of one million tonnes each of oilseeds and maize to offset crop losses caused by widespread drought. Yogendra Makwana, Agriculture Minister of State, said last week the oilseeds imports would be made up
      Reuter  -  177 words
    • 495 8 Reuter THE EAGER CRY of prospectors shouting "There's gold in them thar hills" has rung out in a most unlikely corner of the world. Northern Ireland could have its first gold mine by 1990 with the windswept foothills of the rugged
      Reuter  -  495 words
    • 100 8 AFP INDONESIA is to play host to a conference of the International Jute Organisation (IJO) scheduled for October 29 to November 4, the official Antara news agency said on Sunday. Antara quoted an agriculture ministry official as saying that Indonesia, an importing member of
      AFP  -  100 words
    • 264 8 RAS prices In S cents/kg, FOB in bale* NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 219.50 220.50N 219.50 220.50N bit 1 RSS Oct 87 216.25 217.25 216.25 217.25 Int 1 RSS Nov 217.00 217.50 217.00 217.50 lot 2 RSS OP 214.50 216.50N 214.50 216.50N
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    • 83 8 (centi/kg, 1 -ton pollen) OCTOBER 87 NOVEMBER 87 (current month) (forward month) r> A NOON NOON HAS ftuyers Sellers Buyers Seller* SSR 20 211.50 213.50 211.50 213.50 SSR 50 210.00 212.00 210 00 212.00 MRELB Buyers Sellers Buyers Sellers SMR CV 273.00 275.00N 274.00 276.00N SMR I
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    • 358 8 Reuter SINGAPORE THE MARKET yesterday closed lower with October One RSS buyers quoted at 216.25 cents/Kilo, down 2.50 cents from last Friday. The morning session lost 2.25 cents on long liquidation of nearby positions in thin trading. Prices hovered narrowly in light afternoon trading due to lack of interest.
      Reuter  -  358 words
    • 78 8 MOST East Asian petroleum products were talked at stable to slightly firmer levels with the exception of LSWR and HSFO. Trading remained thin across the barrel. U Si/bo rr»l OianQ* Dubai (Nov) 17.10 -0 08 WM TMOI Wfl (Nov) 19.47 -0.16 Products (FOB S'pore) US$/borr*4 Chang* Ktrownt
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    • 117 8 Reuter THE KUALA LUMPUR Tin Markal (KLTM) yeiterday rose five cents from Friday to closa at M 516.95 par kg on activa buying from Europa, Japan and local interests, dealers said. The risa was mainly on short-covering for forward positions by the Europeans. Bids slowly grew from 135
      Reuter  -  117 words
    • 241 8 Chinese Produce Palm kernel Exchange (ei -mills MS/tonne) Sellers' noon doting prices on Buyer/Seller 490.00/500.00 Sep 28 (SS/100 kg) Palm kernel oil Coconut oil (FOB M$/100kg) iwtk fob 95.00 In bulk (local) 94.00 Old drum FOB Ntw drum FOB 105.00 109.00 Cocoa (FOB M$/tonne) Copra Bogon Datok 3,900.00
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    • 291 8 Reuter Crude palm oil futures yesterday closed steadier in active trading on the KLCE. Spot month October added Mslo to 5826 per tonne. November rose $3 to $821 per tonne and December was $4 higher at $822 per tonne. Turnover eased to 1,100 lots with open interests at
      Reuter  -  291 words
    • 332 8 HONGKONG: GOLD yesterday closed firmer in fairly active trading on strong local buying interest and some overseas short-covering. The metal ended at U*****.00/50 an ounce against the 460.80/461.30 close here Saturday and the 460.00/50 finish in New York on Friday. On the local market, gold rose HK$4 to
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  • FOCUS
    • 808 9 NYT ON A TYPICAL DAY in Teheran, caravans of flow-er-draped cars can be seen slowly snaking their way through gnarled traffic to the outskirts of town. They are going south to Behesht Zahra, a special martyrs' cemetery featuring a garish fountain at its entrance that gushes
      NYT  -  808 words
    • 1221 9  -  The war between Iraq and Iran entered its eighth year last week. Andrew Alexander visited both capitals recently to assess the effect on the warring sides of this bruising and protracted war. Here are his reports: Andrew Alexander NYT SOMETIMES, after an especially costly battle, the train
      NYT  -  1,221 words
  • Page 9 Advertisements
    • 828 9 CREDIT LYONNAIS Head Office: 19, bd des Italiens, ***** Paris. Registered Office: Lyon. Singapore Office: 65 Chulia Street *37-01, OCBC Centre, Singapore 0104. Tel: *****77. Cable: CREDIONAIS. Telex: CLSING RS *****/*****. Consolidated Statement of Income for the year ended 31 December Consolidated Balance Sheet at 31 December AmMi 196S 1986
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  • PERSPECTIVE
    • 484 10 COLONEL SITIVENI Rabuka has done it again Within five months, the 39-year-old military strongman has staged a second military coup, this time against the Melanesian-dominated caretaker government headed by the Gover-nor-General, Ratu Sir Penaia Ganilau. The caretaker regime was charting a new constitution for Fiji to
      484 words
    • 1885 10  -  A museum can be the living heart of a community's history, recording its defeats and triumphs in its most tangible forms. It can be a place where a visitor heads straight for, curious to know the history of a country in a
      1,885 words
    • 802 11 Reuter, AP FORMER South Korean Prime Minister Kim Jong-Pil, who announced yesterday that he was returning to politics as a first step towards becoming a presidential candidate, could take many votes from government candidate Roh Tae-Woo, political analysts said. Kim, 61, a controversial
      Reuter,; AP  -  802 words
    • 759 11  -  The buzzword in Tokyo today is "kokusaika", or internationalisation. In pursuit of that goal, students, secretaries and executives more than ever are studying English, travelling abroad, listening to Michael Jackson, dating foreigners and eating pasta. NICHOLAS D KRISTOF reports. NICHOLAS D KRISTOF
      NYT  -  759 words
    • 878 11 Just published a journal to get economists talking to one another NYT ECONOMISTS differ on the extent to which their profession has beat a general retreat from thinking about policy. But few disagree that there has been a retreat from policy pronouncements. and. in a decade that has seen the
      NYT  -  878 words
  • Page 10 Advertisements
    • 336 10 iO W on achievement .Dusiness Times, Singapore's foremost business paper, and DHL, the world's leading courier, are proud to announce that the search is on for Singapore's Businessman of the Year, for the individual who strove for success and so made the most notable contribution to business in 1987. And
      336 words
  • Page 10 Miscellaneous

  • Page 11 Miscellaneous
    • 1223 11 to sm mm PM SBC Text Sample Pages. Opening and Programme Highlights followed by High ond Dry. Ron, Trevor and Talbot find an oid filing cabinet ond going through it find some interesting items. inter-Varsity Debates 1987 National University of Singapore Team A v Ngee Ann Polytechnic Teom B (C).
      1,223 words
    • 638 11 tcskhkmke 5 16 22 123 CRYPTIC PUZZLE ACROSS 1 Possibly carps a bit (5) 6 Bursts of activity in health resorts, a lot (5) 9 Pop star very keen on North America (7) 10 The Italian ran out of order (5) 11 Lubricated with alcohol? (5) 12 See a learner
      638 words

  • SPORTS & LEISURE
    • 771 12 AP SIXTY YEARS AGO, eight days before Babe Ruth hit his famous 60th home run, two fighters met in the biggest sporting event of the year, a drama that brought together all the characters and currents of the whirling, dazzling roaring *****. The
      AP  -  771 words
    • 278 13 Reuter rHDIA's Davis Cup squad baiieves Australia's Pat CMsh holds the key to next vfeek's world group semi-fi-nal "If Cash loses, you're dead." veteran Vijay Armitraj said after arriving in Sydney last Saturday for the tie from Oct 2-4. "Beating Cash will
      Reuter  -  278 words
    • 155 13 THE SINGAPOREANS won the cup toot the Aussies won the ene that mattered in the Oentas Cup tennis championship at the Pinetree Town and Country Club last weekend. Made up larQely of Singaporeans, the Australian Alumni of Singapore beat the Singapore-Australia Busknees Council to win
      155 words
    • 228 13 AP DAVIO PATE of the US scored an upset victory on Sunday by defeating the No 2 player in the world. Stefan Edberg of Sweden, 6-4, 6-4 lb capture the U*****,000 Velvo TennisLos AageMa Tournament. Pati, farHced 19th in the world, needed only one
      AP  -  228 words
    • 597 13 Reuter IN A DRAMATIC, pressure packed finale, the European Ryder Cup team, sparked by Seve Ballesteros, Howard Clark and Eamonn Darcy, proved on Sunday that its stunning cup victory two years ago was not a fluke. Going head-to-head with a dozen of America's
      Reuter  -  597 words
    • 278 13 UPI BRITAIN'S Nigel Mansell won the Spanish Formula One Grand Prix on Sunday, driving his Wlfliams to an impressive victory in one hour, 49 minutes 12 692 seconds to keep his world championship hopes alive. Mansell started from the front rdw of fie grid alongside Brazilian
      UPI  -  278 words
    • 132 13 Reuter AUSTRALIAN Wayne Gardner, riding a Honda, scored a comfortable victory in the Brazilian Grand Prix on Sunday to win his first 900 cc world championship. Gardner, in pole position, led from the opening flag to complete the 32 laps in 47 minutes 36.57 seconds, with
      Reuter  -  132 words
    • 303 13 Reuter A TOP World Cup cricket official hit out on Sunday at what he described as "an impertinent request" from England's Test and County Cricket Board (TCCB). India's N K P Salve, organising chairman of the forthcoming tournament in India and Pakistan, said
      Reuter  -  303 words
    • 179 13 Reuter THE FIRST SUNDAY of the 1987 national football league (NFL) season without play passed quietly as striking players remained on the picket line instead of the field. With talks in Philadelphia between player representatives and those of the 28 NFL teams stalled
      Reuter  -  179 words
  • Page 12 Advertisements
    • 731 12 I I DELICIOZO HYAn Mama Mia! Pete's Place introauces more exciting gastronomic treats for all lovers of Italian food. SOUP AND SALAD Light eaters can now select from a variety of four homemade soups and help themselves to our ever popular salad bar $10.50* EARLY BIRD SPECIAL A complimentary bowl
      731 words
    • 239 12 London ho(t,re*l tvisagp f pfnnlrturtN^ Munich 0 HH wt Bay JP) Bfvjy s*rs^ France at The Belvedere The Belvedere's French buffet luncheon. An incredible selection of more than 60 authentic favourites, from now till October 30. It's as good as being in France! 12.00 to 2.30 pm daily. Adult: $31/
      239 words

  • Page 13 Advertisements
    • 254 13 L 3 m 1 m t 9 Invitation to dinner, Indonesian style. Piquant sambcris and coconut-rich curries Spicy, mouth-watering offerings from the Indonesian islands are yours to enjoy. At the Cafe in the Park from September 18th to October 3rd. Indonesian Buffet. Every evening from 6.30 pm to 10.30 pm,
      254 words
    • 225 13 •vi«. V dj2 nU vY CANTON CARPfcN Pleasing, contemporary surroundings. With exquisite lunchtime dim sum and delicate Cantonese cuisine fit for an emperor. Closed 011 Mondays. 3rd Floor, Westin Plaza. For reservations, call 338 8585 ext. ***** or 330 8310. The Westin Piaza Raffles City 2 Stamford Road, Singapore (Hi
      225 words
  • Page 13 Miscellaneous
    • 89 13 m O DECIDE BEFORE. YOU ADDRESS THE BALL IF YOU ARE GOING IF YOU ARE M GOING FOR A N LONG DRIVE YOU MUST MAKE SOME ADJUSTMENTS TO HELP VOU SWING ON A SLIGHTLY V FLATTER A PLANE USE A SLIGHTLY OOS£0 STANCE, WITH THE RIGHT FOOT DRAWN BACK AN
      89 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4290 14 SHARE PRICES bounced up across the board yesterday on moderately active trading. Local blue chips and Malaysian plantation counters were the chief beneficiaries of a technical rebound and a surge in buying interest, particularly among British and Hongkong investors. Turnover was moderate. The
      4,290 words
    • 261 14 Rises DfrS 1690 For* Mom 730 O C C 1020 O 1 S6S HorrWam M»o 525 M*tr 0 Mdg* 1290 lo*nam Miio 930 Nat Iran BIO 0 Koroma* 600 Motot ton Sporo 570 fork way M 50» 406 Soa Vio« 360 C Proportto* 585 Falls Ou*di toby
      261 words
    • 3973 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".
      3,973 words
    • 248 14 SIM LIM FINANCE Limited: 23rd AGM at the Penthouse. 10 Jalan Besar. 17 Floor. Sim Lim Tower, Singapore 0820, today, Sep 29. at 11am. THE SUNGEI BESI MINES MALAYSIA Berhad: 11th AGM at the PNB Theatrette, 2nd Floor, Menara PNB, 201-A, Jalan Tun Razak. ***** Kuala Lumpur, Malaysia.
      248 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • 656 15  -  By ROSIE TAN BRITISH-AMERICAN Tobacco Co (Singapore) Ltd has reported a 125 per cent jump in pre-tax profits to $5.53 million for the first six months of this year. The company says that "with some improvements in exports, profits for
      656 words
    • 144 15 INDONESIAN tycoon Liem Sioe Liong has said that he is not a suitor for the Goodwood group hotel deal, quelling market rumours that identified him as the Indonesian party behind an offer to buy up three of the group's four hotels. Mr Liem,
      144 words
    • 531 15 Company RIGHTS ISSUE Ayer Hitom Tin Three-for-one $250 per share Bonvests Hldgs 43 54 million 6% unsecured loon stocks with warrants in the ratio of $1 loan stock for every 5 shores held at $1 70 per shore C 1 Holdings 27 million loan stocks m the rotio
      531 words
    • 311 15 SINGAPORE LAND Ltd is redeeming all of its old loan stock, and has called for the final instalment payment on its new convertible unsecured loan stock (CULS) due 1999 The company gave notice to shareholders yesterday that it is opting for early
      311 words
    • 587 15  -  Three directors appointed to subsidiary's board By ELAINE KOH UK-BASED Boustead PLC is taking a stronger role in its local subsidiary Bousteadco Singapore Ltd which yesterday reported a modest turnaround in earnings for the first six months of the financial year. Three Boustead
      587 words
    • 483 15  -  By PATRICIA M SCHERSCHEL INVESTORS HAVE a new tool for gauging the performance of stocks listed on Sesdaq. Singapore's over-the-counter securities market. United Overseas Bank has devised the first index that measures the collective advances or declines in the five shares now listed. Tomorrow,
      483 words
    • 288 15 Managers' prices for Sep 29 Singapore Unit Trust DBS Bank Shenton G' Fund Japan G r Fund Shenton Thrift Fund 109 1 52 100 1 I4J 157 100 The Commerce 123 130 The Savings Fund 106 115 S pore Prog fund 04V 0 53* s pore Sec Fund
      288 words
    • 306 15 COLD STORAGE Holdings, forecasting full year earnings of $26.3 million, has asked shareholders to reject the cash offer of $4.60 a share from AL&P Investment Pte Ltd, a joint venture of Wattie Industries and Fraser Neave. for the simple reason that the shares
      306 words
    • 289 15 Bernama KINTA KELLAS Investment PLC is finalising technical details with the Chfnese government on the proposed plastic products manufacturing joint-venture to be set up in Taicang, near Shanghai. China. Kinta Kellas chairman Raja Datuk Nong Chik Raja Ishak said yesterday the
      Bernama  -  289 words
    • 97 15 Bernama GRAND UNITED Holdings Bhd (GUH) is unable to proceed with its restructuring plan. GUH said yesterday that this was because the group's profit and cash flow projections had been adversely affected by the latest announcement by Supreme Finance Bhd. GUH's financial advisers, Arab
      Bernama  -  97 words
    • LATEST RESULTS
      • 90 15 Group profit after tax of $1.26 m ($800,000) on turnover of $9.22 m ($8.96 m) for the year ended June 30, 1987. Earnings per share came to 6.3 cents (4.0 cents). A first and final dividend of five cents per share (same) less tax has been
        90 words
      • 75 15 M$2.13m (loss of $755,000) on turnover of M54.45m (Ms 6 24m) for the six months ended June 30, 1987. Loss per share is 1.94 cents (0.69 cents). No interim dividend. Due to prolonged clean-up of the internal problems within the group s activities, stiffer competition in
        75 words
      • 58 15 tax of MS122.000 (profit of M$1.09m) on turnover of M$6.82m (M$8.96m) for the six months ended June 30. 1987. Loss per share came to 0.2 cents (EPS of 1.8 cents). No interim divi dend. The results of the group were adversely affected by the depressed property market
        58 words
      • 30 15 TOWN CITY Properties Ltd: $21.97m (loss of $20.53m) on turnover of $13.01m ($18.57m) for the six months ended June 30. 1987. Loss per share came to 39.9 cents (37.3 cents).
        30 words
      • 33 15 profit fell 13 per cent to M$3.02m for the half year ended June 30, 1987, from M$3.48m previously. But turnover rose 13 per cent to M$68.59m (M$60.89m).
        33 words
  • Page 15 Advertisements
    • 661 15 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 CAPRI TRADING PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of CAPRI TRADING PTE LTD duly convened and held at 74 Middle Road. Singapore 0718 on 24th September 1987. the following Special Resolutions were duly
      661 words
    • 74 15 COMPUTERISED CHARTING SERVICE FOR THE LOCAL stockmarket- Charismatic The best-selling computerised charting service in Singapore Malaysia Provides historical data for all counters on the SES Used by leading banks, stockbroking firms and diversified institutions Studies Features Trendlines/Bar Charts/Point Figure/Line Charts/Relative Strength Indicator/Momentum/Overbought-Oversold/CADt/Volume Studies/Daily Weekly Price Charts and many mors'/ ~7frlc*r»m
      74 words

  • REGIONAL MARKETS
    • 3478 16 BUYERS CONTINUED to dominate trading on the Kuala Lumpur stock market yesterday with share prices marked up across the board. Widespread doubledigit gains were posted. Sentiment was bullish as investors displayed much confidence and share prices were chased higher amid more active trading. Especially firm
      3,478 words
    • 1384 16 Hongkong THE Hongkong market continued its rally yesterday, spearheaded by heavy institutional buying and the index reached another high at 3,884, its sixth record in as many days. The barometer's score was a handsome 44.54 points up from its previous best close set last Friday. The market
      1,384 words
    • 130 16 UP 29 Cheil Sugar Deetim Ind Daewoo Corp Daewoo Heavy Daiahin Secuntiee Dong Ah Phar WON ***** ***** ***** ***** ***** ***** *h 500 •1900 600 600 -1990 -880 Kal Kangwon Ind Kia Motor Koton Ind Korea Long Term Lucky Ltd Oriental Brewery Oriental Cttem ***** ***** ***** *****
      130 words
    • 509 16 Reuter TOKYO SHARE PRICES yesterday rose sharply but closed off earlier highs in I heavy trading on buying Iby securities houses at I the start of their financial year. The Nikkei Average soared 324.55 points to 25,837.34, but earlier peaked at 25.918.86. On Saturday, the average gained 416.93 to
      Reuter  -  509 words
    • 447 16 Reuter THE AUSTRALIAN share market slipped lower at the close yesterday as uninspiring news from abroad led investors to reassess their positions. They said mixed results on offshore markets, a slightly weaker international bullion price, an inconclusive G-7 meeting and expiry of September share price index contracts on today
      Reuter  -  447 words
    • 171 16 Reuter THE SECURITIES Exchange of Thailand Index added 8.43 to 424.85 on a turnover of 7,279,314 shares worth 884.26 million baht. Reuter S€P n BAHT Ao Kham Thai Ayudhya invaatmant Bangkok Agro-lnd Bangkok Bank Bank Of Ayudhya Charoong Thai Wlra ft Cabta Datamat Dhana Stam Fin Aaia Flbra Duaitam
      Reuter  -  171 words
    • 78 16 1 *1 KM Mirmn Ort*mai 00M0 -0 007S MHI Omtnm 001 -001 Acof* Mwwn« MMM 046 -0 03 Anglo MM A0«a MMM| oosn -0 00 7 5 Ami kot 173 •11 M«Oi f tafwOM 0 0i» -0 00* Bar M«9U« 106 unch Imk 0 094 -0 008 Cm* >
      78 words
    • 174 16 Reuter SIX INTERNATIONAL consortia have submitted bids (or the construction and operation of a HKS2 billion to HKS3 billion road tunnel linking the city with suburbs The colony's government said yesterday that the franchise is due to be awarded early next year and the
      Reuter  -  174 words
  • Page 16 Advertisements
    • 200 16 G 95 FILL IN SOMEONE OVERSEAS ABOUT SINGAPORE. m ij i u Lxi WEEKUV OVERSEAS EDITION M.CUP) No. 222/6/87 SATURDAY, SEPTEMBER 5. 1»67 V dV/V/ rev: ssss+\ The Straits Times Overseas Weekly. It's the new weekly newspaper, printed on lightweight paper in convenient tabloid size. It will carry business, economic,
      200 words

  • INTERNATIONAL COMPANY NEWS
    • 718 17 NYT WARREN E BUFFETT, known as sharp investor with an eye for undervalued securities, has agreed to pay US$7OO million for per cent stake in Salomon lps, the parent company of Salomon Brothers Inc, Wall Street's largest investment banking house.
      NYT  -  718 words
    • 451 17 Reuter THE UK government's sale of around £7.5 billion worth of British Petroleum Co PLC shares is expected to lead to trading at an Immediate premium when dealings start in the partly-paid shares, merchant bankers and oi4 share analysts said. About half the
      Reuter  -  451 words
    • 794 17 America's stockmarket is afraid that aZ weak bond market and rising interest!? rates might stop Wall Street's record run. THE ECONOMIST studies" the situation and the prospects. THE PRICE of money in America has been rising for the past 17 months. During most
      794 words
    • 1351 17 FT EVEN to his closest associates, Rupert Murdoch, one o* the world's leading media barons, is an enigma. The man who made sure that London's Fleet 'Street working practices would never be the same !asain, by taking his four national titles to Wapping over
      FT  -  1,351 words
  • Page 17 Advertisements
    • 234 17 VBAIy British-American Tobacco Company (Singapore) Ltd. ANNOUNCEMENT The Board of Directors announce the following unaudited results for the six months ended 30th June 1987. SIX MONTHS TO 30TH JUNE GROUP The Company is an investment holding company whose principal income is derived from dividends received from a wholly owned subsidiary
      234 words

  • 516 18  -  LKY Distinguished Visitor gives his views By ZHOU MEI FOR SWITZERLAND and the US, which rank among the "least advanced" of welfare states, tax and welfare reforms without an overall cut in welfare state
    516 words
  • 259 18 Reuter TWO INFLUENTIAL Soviet journals have said the country should stop the practice of withholding detailed information about Soviet military budgets and war potential. The articles in the Communist Party journal Kommunist and the literary review Novy Mir yesterday were issued one month after
    Reuter  -  259 words
  • 610 18 METAPHORICALLY, children are created on the ground rather than in the sky, said Professor Assar Lindbeck. Countries that have tried to solve an acute housing shortage problem by building upwards are thus likely to be in for large drops in birth rates. Prof Lindbeck,
    610 words
  • 122 18 PARTS of the financial district were hit twice by blackouts yesterday. A Public Utilities Board spokesman said the board was still investigating the blackouts which were caused by faults in the 22kV cables. The areas affected included Robinson Road, Shenton Way, Anson Road, Cecil Street
    122 words
  • 95 18 AFP INDONESIAN President Suharto has appealed for private investment in the monopolised steel and plastics industries. Indonesian Chamber of Commerce and Industry chairman Sukamdani Gitosarjono said yesterday: "The president has invited private businessmen who are members of the chamber to operate in the steel
    AFP  -  95 words
  • 423 18 Reuter PHILIPPINE shares, buffeted by political crises, have virtually halved their value in a twomonth nosedive. From their reign as among Asia's glamour bourses, Manila's twin share markets have become nervously-watched also-rans. The composite index dipped to close at 694.42 yesterday
    Reuter  -  423 words
  • 525 18 Bernama ES THE PALM OIL Research Institute of Malaysia (Porim) and the American Soybean Association (ASA) yesterday said they were not going to carry out any "confrontation" at the World Congress of Food Science and Technology being held in Singapore. However, both sides are now
    Bernama ES  -  525 words
  • 132 18 Bernama THE Malaysian Mercantile Thrift and Loans Cooperative has lodged four police reports of alleged malpractice in its management. According to a circular distributed by the cooperative s management committee, three of the police reports were made between July 16 and Aug 10.
    Bernama  -  132 words
  • 93 18 Reuter COMEX GOLD FUTURES held minor gains in extremely slow dealings yesterday morning, as traders focused on the on-going IMF talks after the weekend meetings of economic policymakers did not produce decisions which affected the market. December gold was up US$O.6O at U*****.20 an ounce. Silver
    Reuter  -  93 words
  • 72 18 Reuter WALL STREET stocks registered sharp gains yesterday, with blue chips leaders of the rally, set off largely by the Group of Seven nations' weekend agreement to hold currency targets steady, brokers said. The dollar and US Treasuries gained moderately. The Dow 30 Industrial Index was up
    Reuter  -  72 words
  • LATE FILE
    • 58 18 Reuter SOLITA Mon sod the Philippines' Economic Planning Secretary, will be the next economic adviser to be dropped in a cabinet shake-up by President Corazon Aquino. Finance Department sources said Monsod, who is also director-general of the National Economic and Development Authority (Neda), will be
      Reuter  -  58 words
    • 82 18 AFP JAPAN'S industrial production in August dropped 0.6 per cent from the preceding month but rose 5.5 per cent over a year earlier. The August index of Japan s mining and manufacturing stood at 125.8, against 100 for the base year of 1980, a preliminary report
      AFP  -  82 words
    • 57 18 (Bernama ES) JAPAN'S aid grant to Malaysia in 1986 soared by 84.2 per cent to U5543.5 million compared with 1985, the Japanese Embassy in Kuala Lumpur said in its monthly bulletin. Of the total, US$7.l million was in the form of capital grant assistance and
      (Bernama ES)  -  57 words
    • 60 18 Bernama PARTI ISLAM se Malaysia (Pas) said yesterday it was advocating an Islamic constitution and Islamic state for Malaysia because this was the best solution to the ills existing in contemporary society, not because it wanted to perpetrate injustice on non-Muslims or force them to
      Bernama  -  60 words
    • 48 18 Bernama THE VARIOUS government education assistance programmes such as textbook loan scheme, applied food and nutrition project, school health programme and financial assistance have kept the school dropout rate in Malaysia at a low 3 per cent, Education Minister Anwar Ibrahim said yesterday. Bernama
      Bernama  -  48 words
    • 54 18 AP THE KHMER Rouge, a major Cambodian guerilla group, has pledged greater access by a United Nations aid agency to civilian camps under its control after the agency threatened to cut off food aid to the camps, Julian Lefevre, deputy director of the UN border relief
      AP  -  54 words
    • 42 18 AFP INDONESIA has offered Waigeo, a remote island north of the western tip of Irian Jaya as a possible site for an equatorial rocket launching centre, Kisman Sibandhi, head of the Indonesian Space Technology Centre said yesterday AFP
      AFP  -  42 words
    • 79 18 Reuter REAL PERSONAL disposable income increased by less than 0.5 per cent between the first and second quarters of 1987 to stand 3.5 per cent higher than in the second quarter of 1986, the Central Statistical Office said. Total personal income, before deductions such as tax,
      Reuter  -  79 words
  • Page 18 Advertisements

  • SHIPPING TIMES
    • 521 19  -  By LINDA CHEE WITH THE Ace consortium agreement up for renewal at the end of 1988, Neptune Orient Lines and its partners are shopping for newbuildings around 3,000 TEUs. Sources say NOL is in the midst of advanced negotiations with a Japanese
      521 words
    • 320 19 Lloyd 's List FRENCH leisure group Club Mediterranee has joined forces with a French shipowner to build the world's largest sailassisted cruise ship worth about US$BO million. The 416-passenger ship will be built by Ateliers en Chantiers du Havre which
      Lloyd's List  -  320 words
    • PORTSIDES
      • 80 19 Reuter ARGENTINE port workers will launch a 72-hour nationwide strike on Monday for better wages and working conditions the third such action in less than two weeks, union spokesmen said. Ports throughout Argentina, including that of Buenos Aires, were virtually paralysed by a 24-hour strike
        Reuter  -  80 words
      • 100 19 AFP THE BRITISH car ferry Herald of Free Enterprise, which capsized off the Belgian port of Zeebrugge last March leaving 188 dead, has been sold to Dutch breakers, the ferry's owners P and O said. P and O refused to name the breakers, or reveal
        AFP  -  100 words
      • 147 19 UPI THE UNITED STATES Navy has detected a number of mines in a busy sea lane in the southern Gulf, shipping sources said. A shipping executive in Dubai, United Arab Emirates, said the Navy "found about five mines and have pulled three out of the
        UPI  -  147 words
    • 656 20 Cruisers floating gold mines around the world NYT EVERY SATURDAY and Sunday afternoon, an armada of gleaming white cruise ships glides down the long, narrow channel of the port of Miami and heads across the horizon toward the Bahamas and the Caribbean. It is such a spectacle that families bring
      NYT  -  656 words
    • 732 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean IX 3 Alltrans VII 3 American Tpt X 2/3 Anship Int'l V 4 Anro Service IV 2/3 ANl 1 1/2 A PC line V 4 API III 2/3 Arrow lines IX 5 ASCI
      732 words
    • 1390 20 THE US Gulf grain-loading area was slightly firmer on the London shipping freights market on Friday, where Conagra worked 47.000 tons to Rotterdam aboard the Oct 5-15 loader Ugland Obo-One at US$B 75 (fio). Also in the US Gulf. Mitsui fixed the Quebec with a 52.000-ton early October
      1,390 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
    • 139 21 AFP THE BODY of a Filipino seaman killed in a chemical tanker fire last week was recovered from Manila Bay on Sunday, bringing the death toll from the blaze to 14, Philippine Coast Guard authorities said. The body of tugboat supervisor
      AFP  -  139 words
    • 801 21 Reuter THE LONG-AWAITED upturn in the Biffex freight futures market finally emerged last Thursday as the first signs of firmer rates for grain cargoes started to filter through. But some dealers are remaining cautious until they see more concrete evidence of
      Reuter  -  801 words
    • 285 21  -  By KINGSLEY WOOD NEGOTIATIONS between the Australia Northbound Conference and Australian Shippers' Council over a new contract for the Japan/Korea trade beginning Jan 1 have failed and the parties do not intend to meet again. It is the most serious breakdown yet
      285 words
    • 100 21 Reuter A FULL-SCALE replica of the ship Christopher Columbus sailed to America in 1492 has set sail for Miami, aiming to fulfill the 15th century explorer's dream of reaching the east via the Atlantic. "The dream has begun," said Vital Alsar, the captain of
      Reuter  -  100 words
    • 252 21 AFP HEIGHTENED tension in the Gulf States area failed to cause any significant improvement in demand from charterers during the past week, suggesting that surplus supplies continue to haunt the market. London brokers E A Gibson reported that one Middle Eastern country was attempting to market its own
      AFP  -  252 words
    • 232 21 UPI IN ONE OF the fiercest flare-ups since the "tanker war" erupted three years ago, Iraq said it had attacked six ships in Iranian waters in 36 hours, and Iran claimed it shot down two attacking jets. Iran also hardened its position on a
      UPI  -  232 words
    • 139 21 AFP A SMALL Panamanianflagged tanker was hit in an Iraqi air raid early Sunday near Iran's main oil terminal of Kharg Island, regional shipping sources said. The sources named the tanker as the 15,000-ton Marlin but they were unsure of the extent of damage
      AFP  -  139 words
    • 8742 26 seiaßiimß 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
      8,742 words
    • 1552 27 I AT CONVENTIONAL WHARVES Stolt M Pondo SPC XI J69 2909 1300 JI2 2909 0800 X09 2300 2909 1800 Vessel Sun Coral JI2 2909 06X X09 0600 Berth Arrival Departure Topaz J6 *****600 04 10 2300 Zhen Xing JI0 1 2909 1530 02 10 0700 i KEPPEL
      1,552 words
  • Page 19 Advertisements
    • 745 19 AwiaOi* X a(l Good Bookshops Published by Cambridge University Ptw, UK STP Distributors i Pubmhn* Croup lo^Siter H CO«1M» <|, XR( ;,UUCUOH \sd NEPTUNE JAM ORIENTAL FAIR rainbow mmm NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH EUROPE EXPRESS SERVICE •SEVEN SEAS BRIDGE 62W ACE CONCORD IIW KOREAN CHANCE H* NCPTUNC DIAHONO
      745 words
    • 79 19 FOR THE LAST five years, the number of people taking cruises Has been growing more than 10 per cent annually. Most industry executives say they think the market has barely been tapped. Page II THE LONG-AWAITED upturn in the Biffex freight futures market finally emerged as the first signs of
      79 words
    • 645 19 W; BALT-ORIENT LINE Baltic Shipping Co Regular Services from South East Asia to United Kingdom and ji II rII nlSi. 111 Pjul j norm ummyki rorts Agent: Singapore Soviet Shipping Co Pte Ltd Te i *****33 *1 MAERSK LINE MAERSK LINE'S NEW EMPTY CONTAINER DEPOT NOW LOCATED AT: IS PIONEER
      645 words

  • Page 20 Advertisements
    • 412 20 COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO NORTH CONTINENT Alto accaptinf cargo to all U.K. destinations. Scandinavian (Aarhus, Coponhagon. Gothenburg) and othof European Inland points t Wast African Ports EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/ MARSEILLES 16 DAYS SINGAPORE/ BARCELONA (DIRECT) 17 DAYS
      412 words
    • 17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 333 20 MTO MARITIME TRANSPORT OVERSEAS GMBH EUROPE/FAR EAST CONVENTIONAL SERVICE VSL PT of LOG. DATES PT. KLANG S PORE LOG. FOR LA CHESNAIS Imminfham-Hamburg Sailed 24/10 21/10 Batanpt-Kaohtiun|-Pohanf ANGELE N Hamburg 54/10 4/11 7/11 Banfkok-ManHa-Hon|konc TBN Rotterdam-Aviles 11-S/10 7/11 J/11 Inchon-Ulun-Nafoya-Yokohama Further to«<3/d.*chtrg.oo ports en rout* subpct to tufltcmnt ,nOucam*n MuLULLL.t
      333 words

  • Page 21 Advertisements
    • 1033 21 The Straits Steamship Group Mansfield Container Shipping Pte Ltd DfiiVJ P&O r«V/V>L Containers Limited CONTAIfCRSHIP SERVICE TO UK/CONTINENT: Alto Accepting Cargo For: Hamburg to Copantafwi, Aartw. Gothvnturg. Nil mo. Stockholm. Holunkt. Sondtrburg Kortontam to Antwarp. AmtarOam. Olio Bramnhavan to Bramon Southampton to all UK dotinatiora. Bolfatt and Dublin VCONTAINERSHIP SERVICE
      1,033 words
    • 584 21 EUROPE <§L SENATOR umF II ACCCPTMCUKO TO/FMM DM. ME TTRER N PMTI M KMEST %Y777 USA/PANAMA n M ACCEPTING CAMO TO FROM SFO. LAI CNL RHA. SAI TAB. RYC AM BAL FEEDER MAKALU VBl6 TO USA/CANADA WEEKLY FULL CONTAINER SERVICE nr P. PIERCE V 133 P. MADISON VI3S 2/10 1/10
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  • Page 22 Advertisements
    • 168 22 SE Hapag-Lloyd CONTAINERSHIP SERVICE TO UK/CONTINENT CONVfSEMI-CONTAINER SERVICE TO EUROPE CONV/SEMI-CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK/CONTINENT Singapore *****00 K. Lumpur Booking *****08 P. Kelang CFS *****48 CFS Penang *****25 *****18 *****50 *****7, *****2 *****3 mm SOUTHEASTASIA PTE. LTD. INTERNATIONAL FREIGHT FORWARDERS CONSOLIDATION SERVICE WEEKLY Singapore: BIRKART S.E.A.
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    • 610 22 SG.S.IjINE nut* >»/"<•( "»1 FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ 1 Membf of ,he ce C0050,,,u,n LUILY CONTAINfRISCO 10 FROM NORTH AMFRICA WEST COAST CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL KUANTAN S'PORE LOADING FOR SPARKLE SUN In Port DUBAI. DAMMAM. KUWAIT GEN AGENTS CROWN MARINE CO (PTE) LTD TEL:
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    • 417 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 HONG KONG BANGKOK KEELUNG/KAOSHIUNG MANILA BUSAN TOKYO/YOKO 3/10 10/10 6/10 11/10 3/10 10/10 4/10 11/10 30/9 5/10 8/10 15/10 30/9 5/10 ETA LOADING FOR 8/10,
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    • 1049 22 M WLtzxVi EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SCP HKG KSC KLC PUS OSK TYO KSN EVER GLOBE 2/10 S/10 7/10 9/10 301 EVE* GENTLE 7/10 11/1# 13/10 IS/10 9/11 EVER GENTRY IS 10 19/10 20 10 22/10 16,11 EVER GLEAMY 21/10 25/10 27/10 29/10 23/11 EVER GOLDEN
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  • Page 23 Advertisements
    • 1080 23 PACIFIC INTERNATIONAL LINES \V\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL KOTA SING A MAJAPAHIT GOWA SIN JKT SBY SIN NKG KAO KEE "MUR "HTC *YOK NGO KOB BUS Ski Sid Sid 1/10 3/10 4/10 10/10 12/10 13/10 IS/10 10/10 17/10 0/10
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    • 827 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS (KjJEBSEN LINE NEW ZEALAND TO NEW ZEALAND, PAPUA NEW GUINEA FIJI AND SOUTH PACIFIC ISLANDS SUN CORAL V4I SM PORT MORESBY IX a/9-2/10 11/10 IVIO FCL
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    • 597 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 SINGAPORE TO EUROPE VESSEL/VOY CAN DA GAMAI9WB MATARAMI9WB KUTAI 13WB S PANJANG 17WB GANDA BHAKTI 19WB 1315/11 ANTWERP BILBAO BREMEN ADAMRDAM HBURG U/ll 16/11 23/11 2/11 HU 11/11
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    • 381 23 BOUSTEAD SHIPPING AGENCIES |g& BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok PAGAN VllB* 28 Sep/2 Oct LASHIO 5/7 Oct PA AN 8/10 Oct BANK LINE EXPRESS SEMI-CONTAINER SERVICE NORTHBOUND TO UKC SPORE RDAM HULL HMBG CLYDEBANK V2IN 10/10 5/11 8/11 2/11 FORTHBANK
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  • Page 24 Advertisements
    • 1319 24 •VIA FEEDER PACIFIC nDRTH -WEST FEEDER VSI 'PK/PNG ORIENTAL CHIEF VSSE Sid KOREAN JACEJIN V4OE 3 Oct •VIA FEEDER EURDPE < ACE > SEVEN SEAS BRIDGE V62W ACE CONCORD 11W KOREAN CHANCE 33W •VIA FEEDER SP 3 Oct 10 Oct •PK/PNG S PORE 3 Oct 4 Oct 3 Oct 8
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    • 622 24 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Feeder P Kelang Liner Vessel S port Meib From S»«Jr> Also Accapb "RAVIDAS' V 37 23 Oct i Nov 1? No. 15 Nov AM Bris "CHANOIDAS" Vit 11 Nov 26 Nov 5 Dec Dec AM Bra -RAVIDAS- V3B 2» No, 13 Dec 22
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    • 778 24 7sT7 GOLDEN LINE 3 GUAM GUAN SHIPPING (PTE) LTD 73. I(M Apr Strael SMGAPOCf 01M m bJ«»M (It LIR) Far SJttSM STRAITS/PERSIAN GULF SERVICE: Spore P KeiangPenang GOLDEN HARVEST Colombo Karactii Dubai In Port GOLDEN HAVEN Colombo; Karachi Dubai 1506 Oct CHINA SERVICE A VESSEL Hsinii»n(/Sh»nh»i 79/30 Stp< 29/30 S*pt
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    • 581 24 r PHIU-OMCNT UN€5 PT€ LTD HE AO OFF ICt 63 RO»INSON ROAD -07 12 AFRO ASIA BUILDING SINGAPORE 0106 TELEX RS ***** PHILI FAX *****76 EAST/FAR EAST FCL LCI SERVICE 3/10. 1/10 10/10. 24/10 3/10. U/10 11/10 DUBAI DAM MAN Kl/WAfT DOHA. MUSCAT. BAHRAIN. ABU DHABI 4 SHAAJAH JEDDAH. HOOEIOAH
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  • Page 25 Advertisements
    • 922 25 NEPTUNE ORIENT LINES LTD SS NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA Terminal CFS BOOKINGS 27K753 Z7t57« *****22 *****53 27*1119 *****16 U *****11 *****41 NEPLINE SDN. BHD 3U9M7 NEPLINE SDN BHD 2t1«33 inquiries inn* NEPLINE SDN BHD *****5/627»«0/627W1/627tU NEPLINE SDN BHD 23*040,*****1 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE SS BRIDGE &2WA
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    • 543 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG, BUSAN. INCHON Vessel s Name S pore P Keljng Inchon Busan Moj i No I Donam 707N Gloria 71SN M Enterprise/713N No 7 oonam/707N No 9 Donam/707N No 6 DN/710N No 1 DN/70IN In Port In Port In
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    • 792 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD r!!? 0^ UIL0 lm«.o 5 e t J. t^l S i B3p<,re 0104 Tel; *****33 < 15 Lines > Terminal Office: *****41/2 Kelang S SINSOV S'NGAPORE Telex Numbers RS ***** RS ***** RS ***** M/S HAMMING SYSTEM CO SON BHD HAI THONC <*,PP,*r.
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  • Page 26 Advertisements
    • 314 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 .30 Lines* FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD V£B OEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE RUEBEtAND S/»7 30/9 USAMBARA 4WV 1010 FAHRLAND 787 23/10 'VIA COLOMBO Accepting cargo tor INDIA Bombay, Cochin
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  • Page 26 Miscellaneous
    • 170 26 B Regional Weather iXiZm 1 5^ s* t r s /2 !SS l ft 3 E« I SIGNIFICANT WEATHER AND SEA CONDrTIONS AT 7.30 A.M. THIS MORNING. PT. Temperoti*e c yCX V hi*xlerstorm Weother Wnd deection with speed n knots V Shower Q Roei Wove height Cloudy Sky Surf oce
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  • Page 27 Advertisements
    • 1445 27 WEEKLY CONSOL SERVICE TO/FROM KEELUNG ACCEPTING LCL CARGO ONLY ETD S PORE ETA KEELUNG CON-CARRIERS 14/87 S/10 13/10 CON CARRIERS 15/17 11/10 19/10 CON CARRIERS 16/17 21/10 27/10 WEEKLY CONSOL SERVICE TO MELB/SYDNEY ETD S PORE ETA SYO ETA MELB CON-CARRIERS 22/17 4/10 2S/10 30/10 CON-CARRIERS 23/17 14/10 5/11 4/11
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    • 128 27 INTRANS 5 DISTRIBUTION SERVICES PTE LTD A Tel: *****33 Tlx: RS ***** Fax: *****79 OUTBOUND: BANGKOK ALSO PROVIDING CONSOLIDATION SERVICES TO: HONGKONG ROTTERDAM. USA (FCL LCL) FROM: FELIXSTOWE ROTTERDAM KOBE TOKYO SOON KIAT SHIPPING PTE LTD 3 SHENTON WAY #20-05/06 SHENTON HOUSE REGULAR SERVICE TO E. M'SIA Maju Yong Hua
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  • Page 28 Advertisements
    • 484 28 f*FARGO SHIPPING COMPANY (PTE) LTD. REGULAR EXPRESS FULL CONTAINER AND LCI SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europe/Medlterranean 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 jyßSk PT. UNITED SHIPPING P® ORGANISATION LTD I DIRECT REGULAR
      484 words
    • 526 28 Mli CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****68 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE *****3 TO EUROPE FEEDER B. BUTANG 377 B. BUTANG 379 B. BUTANG 311 B. BUTANG 313 OTHER DESTINATIONS: AARHUS. AMSTERDAM.
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    • 498 28 OHRMAZD LALAZAR SHALAMAR PAKISTAN NATIONAL SHIPPING CORPORATION, KARACHI INDONESIA AND MALAYSIA-KARACHI AND MIDDLE EAST GULF SERVICE LOADING FOR KARACHI, DAMMAN AND DUBAI PAL PTK SBY TPRK KNTN PKLNG BE LA PNG 25-27/9 28-30/8 3-4/10 5/10 6-7/10 PAL PTK SBY TPRK KNTN PKLNG 25-27/9 28-30/9 3-4/10 9-13/10 14-15/10 17-19/10 26-27/10 24-25/10
      498 words