The Business Times, 1 October 1987

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 112/12/86 THURSDAY, OCTOBER 1, 1987 75 CENTS
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  • 179 1 Exchange rales THE S$ weakened against the US$ to close st S$2.0945/55 <S$2.0915/25) in sctive trsding yesterdsy. It slso fell agsinst the M$, HK$, yen, DM. Swiss franc and the US$1 145.90/146.00 yen, 1.8370/80 DM, S$2.0945/55 M$, SS0.8260/67 OvtrMis markets Wadneadoy HK Hang Seng Index 3943.64 84.16
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  • 388 1  -  By GENEVIEVE CUA SOME PRICKLY cost issues have delayed indefinitely the launch of the first nationwide sharsd ATM network. Singapore's five major local hanks are to take part in the network. But BT understands the five DBS Bank, Overseas Union Bank, Oversea-Chinese Banking Corporation,
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  • 91 1 MALAYSIAN national oil company Petronas is likely to invest M 53.75 billion in the petrochemical industry in the next few years despite the current worldwide glut of petrochemicals. Petronas senior vice-presi-dent (downstream) Datuk Murad Hashim told an international oil and gas conference in Calgary, Canada,
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  • 438 1  -  By LIM SOON NEO THE CLEAREST INDICATION that the tourist industry is on a strong recovery stretch is the news that in July 1987, the average occupancy rate for hotels here hit 71.5 per cent the highest for the last two years. The July
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  • 707 1  -  Singapore Re the hot favourite among investors By AMY BALAN INITIAL fears of market indigestion proved unfounded as local investors chomped away with gusto into the three outstanding share offerings DBS Land, Singapore Reinsurance Corporation and Singatronics. Preliminary estimates by bankers and stockbrokers suggest that
    707 words
  • 253 1 THE SINGAPORE stock market lost ground yesterday as investors, uncertain about the market's direction, continued to liquidate. The Straits Times Industrial Index dropped 13.23 points to 1,398.28 while the BT Composite Index declined by 17.02 points to 1,248.51. The market opened
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  • 338 1 UPI BATTLING to reduce a huge trade surplus with the US, Taiwan fears that many of its industries will go bankrupt because of the steady rise of the local currency under prsssure from Washington. Officials and buaineaamen said the island's export-oriented manufacturers are already
    UPI  -  338 words
  • Page 1 Advertisements
    • 44 1 Cassette Receiver M 3 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone; *****33 Kuala Lumpur Phone. *****33 Phone. *****5/*****1 Jakarta: Phone. *****5 Tenure First time home buyer I —10 years II 25yw»j For full details, call *****92/ *****86. r» irs] 6% p.a. w
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    • 372 1 On Back Page: ■PUB unveils electricity pro|«cts costing $5.2b ■Telecoms sells hslf of Its stake In SPH for $92 million Will the reforms continue? THE CHINESE COMMUNIST Party will be having its annual congress this month, a major party meeting that is widely expected to settle the leadership question of
      372 words
    • 48 1 Full report, Pag* 14 Regional marfcots, Pag* 1* World markots, Pago 17 S3 ./'..'V/V 4' st :'ll I -i </; i.. •aiMy C2L9I v- > a* v >» v-v »jj m nk K€: -•> v I 1 t > -V... v ?Vi \£>.- 2T i l: Vv L Man invented
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    • 105 1 U\iH rl i r II File this next Tuesday WE SPEND up to a third of our lives there. Some, well over half their waking hours. Many of our best moments and a few of our worst are played out in its inner spaces. And we strive at all levels
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  • HOME NEWS
    • 386 2  -  By WILLIAM CHIA LOCAL COMPANIES are playing a more active role in the industrial machinery export business, which earned Singapore $3 billion worth of foreign exchange last year. Increasingly, Singapore companies are designing and manufacturing their own machines for export, said Mr Yeo Seng Teck,
      386 words
    • 476 2  -  By BOEY KIT YIN THE PRINTING and publishing industry will receive a bigger dose of government support in order to capture a bigger slice of the export market. With foreign exchange earnings worth $188 million last year, the industry is
      476 words
    • 174 2 HOME A DECOR, a new magazine with useful tips on making homes beautiful and stylish, is going to stay useful and interesting long after home owners have moved into their houses. The magazine, launched today by Times Periodicals, promises to offer more than its predecessor,
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    • 200 2 A 22-MEMBER trade mission from Scotland will bo in Singapore next week to promote business ties during its five-day stay. More than half of the members rspreeent oil and gas companies which have been drawn here by Singapore's role as an oil trading centre. This
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    • 160 2 NAVIES with plans to modernise will have a forum to discuss the problems they face and some poesible solutions This will be the aim of "Options for Growing Navies" an international conference to be held at the World Trade Centre from Oct 21 to Oct 23
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    • 72 2 THE 00th 7-Eleven neighbourhood convenience •tore was opened yeeterday at Tempi nee. Like all the other etoree in the chain, the neweet store will be open round the clock, every day of the week. It will etock basic groceries, staple iteme es well aa snacks, tid-bits,
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    • 426 2 FOUR PRIVATE hospitals The American Hospital, Qleneagies. Mount Elizabeth and Thomson Medical Centre have applied to set up test-tube baby centres and fertility clinics. After a long wait of more than a year for the official go-ahead, the hospitals, surprisingly, did not scramble to
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    • 117 2 THOMSON Medical Centre has lowered its rates for hepatitis-B jabs because of cheaper supplies. From today, the full course of thrss vaccinations will cost $180 for sdults and $105 for children. The old charges were $270 for adults snd $150 for children. Like moet
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    • 123 2 WILLIAM THOMAS, who is to be replaced as principal of Anglo-Chinese Secondary School when the school goes independent next year, will be joining the Ministry of Education. The ministry has appointed him assistant director/pastoral care to take charge of an expanded Pupil Welfare Section.
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    • 337 2 THE MINISTRY of Defence is taking steps to mobilise more support from employers who have reservists on their payroll. The ministry will be initiating a system in which employers will be informed when any of their reservist employees are appointed to key positions
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    • 155 2 SINGAPORE Press Holdings (SPH) has appointed Mr Lim Chin Geok as chief executive of the group's UK-based publishing house Marshall Cavendish Ltd. The appointment took effect from Sep 23. Mr Lim, a Canadian citizen, holds a Bachelor of Economics (honours) degree
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    • 528 3 RESIDENTS of Good Luck Garden condominium apartments are now faced with two options to rescind the purchase contract or to complete the contract but with compensation payment and interest on the amount of shortfall in the floor area. These options were spelt out
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    • 159 3 Seminars and courses Oct 10 The Law and Practice Plaza Hotel The Singapore *****63 of Company Meetings; Association of and Maintaining Quality The Institute and Avoiding Negligence of Chartered for Secretaries and Secretaries and Accountants Administrators Oct 12 Recent Progress in R&D SISIR Auditorium Singapore *****66 on Microelectronics Science
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    • 341 3 YOUNGER GENERATION Chinese are more responsive to the Speak Mandarin campaign, using the language in public places more often than older people. In a survey conducted recently by the Research and Information Department of Singapore News and Publications Limited, it was found that
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    • 393 3  -  By BOEY KIT YIN SMALL COMPANIES are taking their first steps to bridge a "perception gap" between them and financial institutions to ease problems they face in obtaining bank loans. The Association of Small and Medium-sized Enterprises (ASME) has approached the Association of Banks
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    • 297 3  -  By LEE HAN SHIH THE PROFESSIONAL BODY representing builders in Singapore is looking to its British counterpart to gain further international recognition. Talks are going on between the Singapore Institute of Building Limited (SIBL) and the Chartered Institute of Building (CIB) to share
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    • 165 3 SIX FIRE-GUTTED shophouses that had been aarmarkad for conservation will be restored at a coat of nearly $686,000. The coat is comparable to normal restoration being carried out on a shophouae unit in Tanjong Pagar. The Urban Redevelopment Authority announced yeaterday that Chu Yew Re
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  • Page 2 Advertisements
    • 467 2 Join the event of the year for the Microcomputer Industry The Computer Systems Technology Exhibition (Theme: Solution from Computers) December 3-6. 1987 Hall 6. World Trade Centre Singapore The computer market in Singapore and the region has been growing rapidly in the past few years. This has provided tremendous opportunities
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    • 59 2 A Feast of Happiness I r Mill i S Pf' |S«t j iw»I" j£j3«2jjj3jpsjj srx x y--wiMM iK»7i r >i tj.' /.>i. you can now ery InC WKKK MMKammi from»l,4o apiece t ourtiKtwy counter In the fwtfn lobby. And a unique atoneware ceramic mooncake coin bank at $6.00 nett each.
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  • Page 3 Advertisements
    • 238 3 Amsterdam, The Netherlands It was a big one, they said, just before I flew. A real rock. And coming from Amsterdam, that meant big. The problem lay in the cutting. We could end up with one perfect gem, or with enough engagement stones for fifty happy couples. At least I
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  • ASIA-PACIFIC
    • 310 4 UPI JAPAN'S electronics industry is entering a new era in the face of rising competition from newly industrialised nations and the sharp appreciation of the Japanese yen, industry officials said yesterday. "It is time for us to seriously consider the possibility of international division
      UPI  -  310 words
    • 130 4 Reuter THE CHAIRMAN of business grouping Keidanren has told Japan's Ministry of International Trade and Industry that communist countries and Japanese business were complaining about tightened trade restrictions. A Keidanren spokesman quoted chairman Eishiro Saito as telling Miti Vice-Minister Shinji Fukukawa. "The Ministry of International
      Reuter  -  130 words
    • 235 4 Reuter PAKISTAN attacked Indian positions in the disputed Kashmir region during the past week but was repulsed with heavy casualties. Indian officials said yesterday. The clashes could not immediately be confirmed by Pakistani officials, but rumours have surfaced in Islamabad during the past few weeks
      Reuter  -  235 words
    • 102 4 AFP SOUTH KOREA plans to provide financial loans this year to such countries as Indonesia and Burma out of its newly eetablished External Economic Cooperation Fund, the Finance Ministry said on Wednesday. Experts are being sent to make a feasibility study on a US$lO million
      AFP  -  102 words
    • 176 4 AP FIRES have destroyed 35,000 hectares of rich tropical rain forests in 10 of Indonesia's 27 provinces in the test six months, Agriculture Minister Achmad Affanoi said on Tueeday. The fires have been blamed mainly on a long drought and negligence by farmers practising sJash-and-burn
      AP  -  176 words
    • 210 4 Reuter CHINESE people regard themselves as industrious, obedient and thrifty but increasingly want a life of risk rather than security, according to a nationwide opinion poll. The China Daily said on Monday that moat of those polled said China's national character was
      Reuter  -  210 words
    • 162 4 Reuter CHINA has announced a crackdown on state firms engaged in profiteering, speculation and abuse of the complex price system. The Farmers Daily said that a government group in charge of supervising prices for industrial raw materials had uncovered 10 major cases and would punish
      Reuter  -  162 words
    • 244 4 API HONDA Motor Co never had plans to build a motorcycle plant in Vietnam, contrary to statements by US lawmakers, company official said yester-i day. The US Senate passed 4 resolution on Tuesday urgina Japan's government to prevent Japanese companies from
      API  -  244 words
    • 822 4 ARRIVALS Operator S«rv(c* number rim* From SIA son 004$ IAX/NRT K ICS55 0655 MAA MAS MH681 0820 KUL MAS MM811 0910 P€N MAS MH671 0920 (OA 0925 YYZ/LH8/80M su SQ103 0950 KUL CPA CX710 1015 CGK MAS MM603 1020 KUL GU GA975 1055 CDG/AUH MA M421 1100
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  • Page 4 Advertisements
    • 109 4 Pleasure before business 'X 4y Executive Class While you're on your way to a business trip, we're there to prepare you. And we will go to extremes to serve our business travellers better. Not a high-faluting claim, mind you. We were awarded the "Best Business Class of 1986" by Executive
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    • 59 4 I f I The business person's choice, every I I II I I Tuesday, Thursday, Saturday and I 1 /IX 1 I II f Sunday. Leaving Changi Airport at -L JL VV_yi. 1 J_ 22:05 hours and arriving at Lester B. Pearson International Airport the following day. Call your Trc
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  • Page 4 Miscellaneous
    • 133 4 Amsterdam Alton* Bahrain Bangkok Barbados Sunny Ooar Ooar Ooar Sunny Cloudy CWar Sunny Cloudy Cloudy Cloudy Cloudy Sunny Oaar Qmx Cloor Cloudy Cloudy Cloudy Ctoar Ooar Sunny Cloudy Cloudy Cloudy Cloudy Cloudy Sunny Cloudy Clear Oaar Cloudy Cloudy Clear Rain Cloudy Rain Cloudy Clear Cloudy Cloudy Clear Sunny Rain Cloudy
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  • REST OF THE WORLD
    • 413 5 AP IRAN is rfiassing up to 20 divisions of revolutionary guards in foe southern sector of the Gulf War battlefront, heightening speculation that it is planning a new offensive, sccording to military analysts and diplomats. Iranian military units vary in strength, but a division's
      AP  -  413 words
    • 259 5 Reuter THE US SENATE has approved an embargo on Iranian crude oil and all other products to tell Teheran that Washington will not conduct business as usual while hostilities continue in the Gulf. In sddition, the United Ststes warned Iran against laying mines
      Reuter  -  259 words
    • 225 5 Reuter US SECRETARY of State George Shultz outlined on Tuesday a hopeful vision for South Africa's future and said the United States would not abandon the country as it struggles to end apartheid. In a speech described as a major policy statement, Mr
      Reuter  -  225 words
    • 435 5 Japan, W Germany say they have done their bit for world economy Reuter PRESIDENT REAGAN s call on other wealthy nations to repay him for signing a budget-cutting bill ha did not like won little sympathy from his main targets. Both Japan
      Reuter  -  435 words
    • 343 5 FT FRANCE it moderating its traditional image of Gallic excitability, but at tha axpanaa of becoming dependant on tranquillisers and sleeping pills. Consumption of tranquillisers in France rose by two thirds between 1978 and 1965, and the country is now the largest user
      FT  -  343 words
  • Page 5 Advertisements
  • Page 5 Miscellaneous
    • 58 5 Ooonesbury mOMHITES! ALL WAT OLD PtRTBAG HAD 70 DO MAS HOLD ON FOR TWOAAORB ICUSY AVNU7BS/ INSTEAD, I'M LEFT HJfTH AN UN9GNEP BAM( AUTHORIZATION CARD AND $130,000 IN UNRECOVERABLE capital amM! 0 m iiiiill BY GARRY TRUDEAU a MA T 9 I! H a miUSBTHE A*6cm balcowget people veuersuns! ON
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  • MONEY AND EXCHANGES
    • 119 6 QoM 1 lUtUrOS i on Sop 29 100 My —WW. USt pv froy M a OPKI Ln •am +1Oo 4am 45*90 457JO -100 Mm 441 JO •UO Ok 444J0 4I4J0 44X90 ■Hi -100 M M 471JOO 472.90 ***** 47a 90 -100 476J0 47fJOO ***** 477JO -1.40 Mm
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    • 1088 6 INTEREST RATES OPTIONS WtdMiday, Sep tmmbmr, 30 19t7 EURODOLLAR (StMEX) BMSMH 0m cr p* •M Lm Sao •000 136 2 9090 *1A *0 6* *100 51A 51 1«* 17 *135 35A 35 25* 39 *190 34A 33 371 37 *175 13 13 13 90 49 93 *300 9A 6
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    • 1114 6 SINGAPORE: The US dollar closed lower against most major currencies on persistent profit-taking yesterday after its dramatic rise in overseas markets on Tuesday. The dollar started on a weak note due to profit-taking, but some buying by Japanese institutional investors and trust banks at midmorning helped the currency
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    • 181 6 •m prim iMilSg'IS of 12 M|or banks In t'por* Interbank market r ates (offer/bid) on Sap 30 us$ DM SWFC Y«l 7 4mt* 7 4/14 7/14 10 3/14 1/14 3 IS/14— 13/14 3 1/4 3 4 7/14 S/14 ■*> 7 3/4 3/« io i/a io 4 1/1
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    • 558 6 DECEMBER Caradallar gappad down sharply tower at 91.37 on Simax yeaiarday comparad with tha pravtous ctoaa of 91.00. Aa opaning broka tha major support at 91.40, sail stops wsra activated which saw tha December contract tradad down to 91.96 before recovering to 91.43. Howavar, a statamant by tha Bank
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  • Page 6 Advertisements
    • 174 6 HOSPITALITY IS PART OF OUR TRADITION cm J HngmJl EXPERIENCE THAT TRADITION EVERYTIME YOU TRAVEL SAUDIA. Apart from the modern fleet and the ultra luxurious touches like our unique new Al-Faris seats in First Qass, you'll feel a certain something extra whenever you board one of our jets. It's not
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  • BANKING AND FINANCE
    • 340 7 Coupon Numbor Indicative Grots Maturity Year raised Amount Interest of days of middle price redemption rat* million) payment accrued (excluding aocrved interest) yield P«) datM bitmm pa) 1.3.88 Loan 1 1973 •5* 321.94 1/3, 1/9 29 •101.10 •3.08 157.85/88 1970
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    • 84 7 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MO ofre* HIGH LOW 3 month) i BQ*****Z 31.12.87 3.38 3.33 3.36 3.34 6 worth t BS*****Z 21.01.88 3.43 3v48 1 y«or BY*****M 22.09.88 3.90 3.85 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code
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    • 289 7 ASIAN DOLLAR deposit rates closed little changed from opening levels yesterday in thin end-quarter and end-month trading. Term rates firmed between and fc point at the outset due to a sharp fall in US bond prices and poor response to Tuesday's Treasury auction of U559.25 billion of
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    • 56 7 THE OVERNIGHT RATE on the Singapore interbank market rose point to end at 3% per cent yesterday. Term rates were unchanged. S$ Interbank rates at 7pm yesterday: orm no Onr- 3 1/4 3 1-4MI* 4 1/2 4 3/8 2-«oMfc 4 1/2 4 3/8 3 wok*» 4 1/2 4
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    • 210 7 Reuter HONGKONG'S banking industry faces continued consolidation but the financial problems that plagued the sector for more than three years have largely been solved, according to Banking Commissioner Anthony Nicolle yesterday. "Things are now under control," he said. "Some people say banking is not so
      Reuter  -  210 words
    • 439 7 Reuter JAPANESE DEPOSITORS will probably not go on a spending spree when tax exemptions on personal savings deposits are removed next year, financial analysts said. "It is unlikely that the end to the tax exemptions will spur individuals to spend their money,"
      Reuter  -  439 words
    • 250 7 A ONE-DAY symposium with the theme "New Strategic Directions of Financial Services for Singapore" will be held on Nov 13 at the Hyatt Regency Hotel. Sponsored by DBS Bank and organised by AIESEC Singapore, a French acronym for The International Association of Students
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  • Page 7 Advertisements
    • 108 7 KEPPEL HOUSE SINGAPORE FOR SALE BY TENDER I jXLU BISSI I so A modem 5-storey oHlce building with cor park. Situated on the fringe of the Financial District, next to the IfiM Towers and one of the busiest ports in the worid. Ontya ts%v minutes' wak to Tonfong Pogar MRT
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    • 147 7 CARSOFTHEYEAR f 9 whaT car? Saab 9000 Turbo anjoys a sacond year as bast Director's Car. take a sneak preview of the 1988 Car of the >fear. APPROVED FOR ADVANCED DRIVING P turbo r. ki I! Face to face with the 1988 Saab TUrbos, a range of exclusively-appointed performance saloons.
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  • COMMODITIES
    • 462 8 Crude palm oil future* turnover yesterday rose again to a record level of 1,222 lots in line with heavy selling by commission houses. The market recorded its previous high of 1,153 lots last Friday. Sellers dominated the market as profittaking pushed values below the MsBoo level. October lost
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    • 277 8 HOMGKOMQ: Gold cloMd higher in fairly active trading on some bargain hunting yesterday. investor sentiment was helped by a late rally in the 30-year Treaaury bonds, which depressed the US dollar and interest rates. The metal ended at U*****.40/90 an ounce against New York's U*****.00/S0 close and the
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    • 78 8 PRICES for most products stayed generally at Tuesday's levels in relatively thin trade. Fuel oil continued to attract most attention as prices were continually talked higher despite ample supplies. US$/borro( Otang* Dubai (No*) 17.13 0.06 W«f T«*ot WTI (Nov) 1»-4« +o.io Products (FOB S'pore) US$/borral Otong* Kwewe
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    • 266 8 RAS prices m s cMMg, fob m bat* NOON CLOSE Bwyors Selten 8wy«rt Sellers Int 1 RSS Prompt 218.00 219.00N 218.00 219.00N bit 1 RSS Oct 87 214 JO 215.50 214 JO 215.50 Int 1 RSS Nov 215.25 215.75 215.25 215.75 Int 2 RSS OP 213.00 215.00N
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    • 286 8 ChineseProduce Robwtfa 20/25% Exchange FOB NSW 340.00 Silltri' noon dosing pricot on Nutmeg Sop 30 (SS/100 kg) 110 FOB NSW 1488.00 Coconut oil BWP FOB NSW 1273.00 Mk fob 95.00 Gambier Old drum FOB 105.00 FOB NSW 190.00 N*w drum FO# 109.00 Copra Mixed (Ioom) FAMA amino prlcM
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    • 80 8 (eann/kg, 1 -to n pattan) OCTOftBt 87 NOVEMta 87 (currwtf month) (forwar d month) RAS NOON NOON kwr«n Sedan l«y«n SSI 30 210.00 212.00 310.00 21X00 sse 50 208.50 310-50 206J0 310.50 Safer* Srihrt SMI cv 349 JO 371 JON 270J0 373J0N SMI I 369.00 271.OON 370.00
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    • 55 8 THE Kuala Lumpur TMr Market roee one cent |o MSI6.M a kg on light buy. lam ItlsW» y VWVfUfly. Turnover fell to 4t v tonnes from Tuesday's MT tonnes, as w^minyjiad tially while others wer% holdlnu back In snMrhirtnn Psel»rs noted a 10 per cent rationing but dM
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    • 335 8 LCE 6vy#f/SeBer do*n i prtcot an Sop 29 (£/tonno i *p»aTi«aj Prtviom doling pr portnlhiilft. loot In CoffM Rath ln-t*oro Lootk OF London flf Mltci option Sop 1280/1285 (1265/1267) Mgh/Lo* 1290/1275 Nov 1310/1315 (1295/1298) Ugh/Low 1320/1300 Solos (3052) Coco* Sop 1170/1181 (1191/1194) High/Low 1186/1175 Doc 1215/1216 (1231/1233) High/Low
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    • 116 8 SINGAPORE The rubber market closed lower yesterday with Oct One RSS buyers quoted at 214.50 cents/kilo, down one cent from Tuesday. October and November TSR-20 closed at 203.00 cents/kilo yesterday, both down one cent from Tuesday. MALAYSIA The rubber market closed easier in light trading and on continuing lack
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  • Page 8 Advertisements
    • 114 8 MEADOWS AIRFREIGHT (S) PTE. LTD. Units 12/09 or 32/09 Cargo Agents Bldg. Airport Cargo Rd., S'pore 1781 Tel: *****22 Tlx: RS ***** WALMED Fax: *****96 We are proud to announce to all our clients and associates that in line with our recently announced takeover by the WALFORD MARITIME GROUP of
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  • FOCUS
    • 892 9 There are indications of progress in the G-7's efforts to coordinate their economic policies. For one thing, the word 'crisis' has rarely passed the lips of participants at the current IMF/World Bank annual meeting in Washington. The following articles look at G-7
      Reuter  -  892 words
    • 605 9  -  By MARK R HOROWITZ Mr Horowitz is a Chicagobased communications consultant and historian. UPI WITH THE US trade deficit running into billions of dollars, the lessons of history suggest that doom might be looming at the door. After all, how long can
      UPI  -  605 words
    • 566 9 Reuter TWO MEN from vastly different backgrounds are playing influential roles at this week's joint annual meeting of the International Monetary Fund and World Bank. Michel Camdessus, the French managing director of the IMF. and Barber Conable, the American president of the World Bank,
      Reuter  -  566 words
  • Page 9 Advertisements
    • 260 9 »1K n ?3* ,?>■•' ;r UMpf. Wj .M®VC ,w» 3» 2 ->.s. v^gjfeftj #fttM E£l HER*.- zs 7^ v 5 flwt OES =f-. s si "t. MM HKBHWKB 111 s* v 9 msm t f i I ft sft :T > V>.v> w Trr xI c Now in Singapore For
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  • PERSPECTIVE
    • 515 10 HOW DOES a daching work? How many katis make a picul? How to use the abacus, that famous calculator of days bygone? Who were the early towkays, those clad in singlet and shorts with deep money-filled pockets, who had the foresight to set up businesses
      515 words
    • 1866 10  -  Economic liberalisation in China has raised the expectations and hopes of the population for a better and more stable life. Whether these expectations can be met will depend to a large extent on the power configuration that will emerge after Chinese leader Deng Xiaoping leaves
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    • 619 11 AP TO A CHORUS of "Hello, Maggie" from workers on a half-finished housing development, the motorcade swept in bearing Prime Minister Margaret Thatcher on her new crusade: Inner city revival. "You see, it's a transformation," the British Conservative Party leader said, pausing for photographers
      AP  -  619 words
    • 900 11  -  BARBARA BRIGHT looks at the extent of illiteracy that is still plaguing the world, especially Third World countries. In a separate article below, ANDREW ALEXANDER examines another global woe that of wars in peacetime. BARBARA BRIGHT ANDREW ALEXANDER Reuter
      Reuter  -  900 words
    • 582 11 NYT IT WAS SOME 42 YEARS ago that Japan's formal surrender ended World War Two and ushered in a peace-time era that, it turns out, will soon have tallied more combat-related deaths than the Great War itself. Fresh studies indicate that
      NYT  -  582 words
  • Page 10 Advertisements
    • 84 10 ANNOUNCEMENT j£ r ~Z We are pleased to inform you that with effect from October Ist 1987, Our corporate name will be changed from SAKATA (SINGAPORE) PTE LTD to SAKATA INX SINGAPORE PTE. LTD. SAKATA I NX— will be the logo mark AND our parent company's corporate name will be
      84 words
  • Page 10 Miscellaneous
    • 689 10 CRYPTIC PUZZLE ACROSS 4 Am I the first to be singular? (6) 7 A padre is to help you to get there! (8) 8 Caught and clouted? (6) 10 Burdens in plenty (5) 13 Occur once a year? (4) 14 She has two goes at starting lunch (4) 15 Cultivate,
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  • Page 11 Advertisements
    • 193 11 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 order and
      193 words
  • Page 11 Miscellaneous
    • 1241 11 i TPUFF/ Puff 1 HVIANKS To MV CLOCK LETTING WE. DOoJ yjve. TO RUN PVLL Tue. tjpty TD THE STATION ypQFF f poFp.'y »'fX I, '.>w ©Evening Standard C0.1td.1952 I*« 7 rJ LM"O R S OUI_OfORDE.R BRITISH Hl-SPE.eD RAIL SUGGEST Ps spot or e/nclY morning EXERCISE. wummm B 12 PM
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  • SPORTS & LEISURE
    • 293 12 AFP ENGLAND and New Zealand arrived in New Delhi on Tuesday to complete the eight-nation line-up for the cricket World Cup, while Indian players were still on a collision course with their controlling body. The Indian players finally signed their contracts on Tuesday, but unilaterally
      AFP  -  293 words
    • 303 12 AP IRISH cycling star Stephen Roche, the second man to win the world's three most coveted professional titles in the same year, was given the Freedom of the City of Dublin on Tuesday night He became the first sportsman to receive the rare honorary privilege. Following
      AP  -  303 words
    • 325 13 Reuter PROMOTER Bill Mordey expects a hot reception from the British press and the country's courts when heavyweight Joe Bugner arrives in London this weekend. Mordey. who has piloted the 37-year-old into the top 10 since his return to the ring a
      Reuter  -  325 words
    • 136 13 AP 808 BEAMON and Billy Kidd, who made history with spectacular performances in the *****, were among 11 athletes and two teams given Olympic Spirit awards on Tuesday in an emotional ceremony in Washington. The winners were selected from 47 athletes and four teams nominated from
      AP  -  136 words
    • 325 13 AP CANADA'S Ben Johnson, the world record holder in the 100metre dash, was welcomed home as "the fastest human on earth," paraded through the streets of Toronto on Tuesday and said he hopes for an even faster time in the 1988 Olympic Games. Thousands lined the
      AP  -  325 words
    • 159 13 AP IVAN LENDL of Czechoslovakia and Steffi Graf of West Germany head the provisional entry list for the US$l.9 million 1988 Ford Australian Open Tennis Championships. US and French Open champion Lendl, Wimbledon champion Pat Cash of Australia, Boris Becker of West
      AP  -  159 words
    • 275 13 UPI THE SAN FRANCISCO Giants jumping around following their division-clinching victory over the San Diego Padres hardly resembled those that left Scottsdale, Arizona, almost six months ago. True, Jeffrey Leonard, Candy Maldonado, Robby Thompson, Will Clark and Bob Brenly were there
      UPI  -  275 words
    • 218 13 UPI EIGHTH SEED Jay Berger pressured South Africa's Oanie Visser with a serve-and-volley game on Tuesday to advance to the second round of the U*****,000 Trans-America Tennis Open with a 8-3. 7-5 triumph. In the other match, Jim Grabb defeated unseeded Patrick McEnroe 8-2, 6-2.
      UPI  -  218 words
    • 83 13 UPI ROBIN WHITE upset No 4 seed. Barbara Potter 7-8 (7-1), 8-4 ort* Tuesday in the first round o* the US$l5O,OOO Virginia §lim£ of New Orleans Tehnis Tournament. In other first-round matches. Heather Ludloff defeated Peanut Louie-Harper 8-3! 8-2, Barbara Gerken outlasted Hu Na 6-3, 3-6,
      UPI  -  83 words
    • 482 13 Jranklij. speaking.... THE TENNIS CONVENER had it exactly right. "We must keep the tradition going," he said. Thomas Teo's reason for accepting the challenge of staging the Singapore Open grasscourt championship came straight from the heart. In placing sentiment before business sense, the Singapore Cricket Club's
      482 words
    • 291 13 AFP MIKE HALLETT beat Jimmy White at his own game to reach the quarter-finals of the £200,000 Fidelity Unit Trust snooker International in Stoke on Tuesday. Hallett, who has earned a "giant killer" reputation, won the last three frames to upset the world
      AFP  -  291 words
  • Page 12 Advertisements
    • 896 12 id wiM, diae mi MOOMCAK6 A tcstk*U. t September 14 October 7 j v. w ar i. Savour our deliciously rich mooncakes. Get a FREE piglet biscuit win a return air ticket for two to Fenang with accommodation, other exciting prizes, with your purchases. Watch lantern painting demonstration by artists
      896 words
    • 152 12 'rm li lffS* T-j -r. ?--Y" 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/ Child: $15 Prices subject to 10% service
      152 words

  • Page 13 Advertisements
    • 217 13 wmm fj m m l: is /n 0 (Jbolu f mi jSm Traditionally Japanese. Traditionally Unkai. Sample the delicacies of Japanese cuisine, sushi, sashimi and teppanyaki. Four tatami rooms are available for private parties. Located on the 2nd floor. Open 12 noon to 3 pm. 6.30 pm to 11 pm.
      217 words
    • 215 13 r>- szeciHi^n COURT Sumptuous Szechuan cuisine with the right touch of spice. A delightful dining experience indeed. Closed on Tuesdays. 3rd Floor, Westin Plaza. For reservations, call 338 8585 ext. ***** or 330 8310. The Westin Plaza Raffles City 2 Stamford Road. Singapore 0617. Westin hotels Resorts THE PEOPLE AND
      215 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4190 14 THE STOCK MARKET cloaed on a slightly weaker note in quiet trading yestsrday aa investors took profits mainly in plantation and mining stocks. Tha Straits Times Industrial Index dropped 13.23 points to 1.308.28 while the BT Composite Index declined 17.02 points
      4,190 words
    • 258 14 SINGAPORE Rises Indicts S* 30 124*51 M T C 71# Or—4 Can* S00 22 ST Caaapad la 12*543 «i isa IS ST04/0S •140 •134 bmttm A* •4 240 10 st cadi •4104 •41*1 Mm Nio 127 9 ST io4«r, MA -41 SI -4194 Om M 300 BT
      258 words
    • 3074 14 BID and offer prices officially listed sad business in and reported to the Stock Birhanfe at Stagapore yesterday with the number of shares traded shows la brackets la lots et 1,000 units uni— otherwise specified. All Time Settlement Contracts are quoted after the word "SETT'.
      3,074 words
    • 243 14 BERJAYA CORPORATION (MALAYSIA) Berhad: 18th AGM at Jalan Utas, Shah Alam, Industrial Estate, Shah Alam, Selangor on Thursday, Oct 15, at 9am. PAPER PRODUCTS (MALAYA) Berhad: 25th AGM at the Conference Room, 22nd Floor, Plaza See Hoy Chan, Jalan Raja Chulan. ***** Kuala Lumpur on Thursday. Oct 15.
      243 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • 464 15  -  By ELAINE KOH IHD HOLDINGS, the Hongkonglisted vehicle of Malaysian busineasman Ch'ng Poh which recently took over Emporium Holdinge, haa settled a long-standing dispute with Ka Wah Bank, and now plana to raiae HK$150.5 million through an ieeue of aharee. The legal
      464 words
    • 447 15 PROPERTY-BASED Hong Fok Corp, which recently came to terma with its creditor banka, has plunged deeper into the red. In the latest aix montha of its current financial year, group attributable loss swelled to $9.83 million, more than three times the previous corresponding half's
      447 words
    • 269 15 prices for Oct 1 DBS Bank i m Stanton Gr Fund I 07 Singapore Unit Trust Japan Gr Fund I 52 1.57 Th* Coi—re* 122 12* SI—nton Thrift Fund 099 099 Th* Savingi fund S'por* Frog Fund 108 049 MS 053* UOB Management 2.I2 10I5 S'por* S«c fund
      269 words
    • 486 15  -  Yield of 2.75 pc said to be the lowest for any company in Asean By AMY BALAN FOREIGN AND LOCAL institutional inveetora have given the thumbs up for Keppel Corporation Ltd'a lateat US$75 million 10-year bond iaaue deepite the very fine yield
      486 words
    • 504 15  -  By ROSIE TAN SHAREHOLDERS of United Pulp Paper Co Ltd are being asked to approve a proposed capital reconstruction scheme that will save the company from impending receivership and finance its continued operation. The scheme, which has already received the approval of the
      504 words
    • 100 15 Bernama ES MALAYSIAN AIRLINE System (MAS) has denied rumours that it is taking over the Faber Merlin (M) Bhd hotel chain. MAS managing director Datuk Abdul Aziz Abdul Rahman said he had heard of the rumours but did not know how they originated. "I can confirm
      Bernama ES  -  100 words
    • 250 15 SIME DARBY Bhd is merging the operations of its Malaysian region with those of Pernas Sime Oarby to create a stronger trading division and eventually hive it off as a listed vehicle. "The aim (of the merger) is to reduce overhead burden and counter the adverse
      250 words
    • 313 15 FEEDMILL MANUFACTURER Gold Coin Ltd haa turned in lower interim profit due to higher raw material cost and the phasing out and closure of farma in Singapore. For the aix montha ended June 30, 1967, group pre-tax operating profit fell 21
      313 words
  • Page 15 Advertisements
    • 482 15 UNITED PULP PAPER COMPANY LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that Itn Extraordinary General Meeting of the Company will be held at 11.00 am on 16 October, 1987 at the Registered Office of the Company at 20, Liu Fang Road,
      482 words
    • 447 15 Midland Bank pic Registered Office: Poultry, London EC2P 20X "W: 01-606 9911. Consolidated Sheet Year ended 31 December 1986 UKiSOIKmvN rTOIit aUKl LOSS ACCOUftC Year ended 31 December 19*6 Amounts in mJtons ASSETS Liquid assets Items in course of cofcction Certificates of deposit Deafing assets Investments Debtors Advances and other
      447 words

  • REGIONAL MARKETS
    • 3014 16 CONDITIONS worsened at the Kuala Lumpur stock market yesterday and share prices retreated under light selling. There were scattered double-digit losses. A broker said buyers were cautious and kept to the sidelines. Sellers took the offensive and share prices were forced into minus territory. Confidence
      3,014 words
    • 1374 16 Hongkong THE TECHNICAL correction that the Hongkong market experienced on Monday proved short-lived as it rebounded yesterday and breached the 3,900 resistance level. Buying was spurred by renewed interest on blue chips and the market gained 55 points in the sfternoon to bring the closing index
      1,374 words
    • 101 16 •ep a WON ***** 4-000 Hyundai Motor Kal Kangwon Ind Kia Motor ***** ***** ***** ***** -200 -100 330 -100 1000 ***** -10 ***** -110 ***** 000 ***** -400 Lucky Ltd ***** 190 Oalahin Sacurlttaa ***** ***** 1300 -200 Oriental Brawary Oriantal Cham ***** ***** 90 500 Dong Soh
      101 words
    • 439 16 Reuter SHARE PRICES closed mixed in heavy trade on the Tokyo market yesterday, after morning losses, on buying spurred by an afternoon recovery in bond prices and a stronger dollar. The 225-share market index closed up 12.88 points at 28.010.88. but had dipped to 25.834.48 in early trade. On
      Reuter  -  439 words
    • 463 16 Reuter AUSTRALIAN shares closed shsrply weaker yesterday but off the. day's lows after further falls in international bullion prices and erratic futures trading. Brokers said wild trading patterns in December share index futures dampened enthusiasm in the underlying market The All Ordinaries Index fell 15.4 to the All Industrials
      Reuter  -  463 words
    • 154 16 Reuter THE SECURITIES Exchange of Thailand Index roee 3.14 to 428.19 on a turnover of 5,098,557 shares valued at 805.18 million baht. Reuter w a BAMT Ao Kham Thai Ayudhyi Invaatma* Bangkok Aground Bangkok Bank Bank Of Ayudhya 220 m. 444 IB) S79 418 -10 10 -2 unch Charoong
      Reuter  -  154 words
    • 226 16 mp at NT* 025 ♦f. -0 3 Kotin Kuochan Dav Laa Chang Yuan 63 00 7340 5800 -1 3.5 87 50 3.7 Uan Hwa Indus 77.00 35 118 SO 5 5 Nan Ya Plaa 07 00 -5 880.00 -4 Pacific Cona M50 Chtoa Loong Chia Hain Camant .80.00 74.00
      226 words
    • 72 16 MP SO 1 pesos Uimt| Oriental B 0 0750 Aco)e Mining Phil Oversees 046 0.01 Anglo Phil unch -3 5 uncfi Attas Con B Btguk) Gok) Basic Petroleum ....29 0 016 PLOT San Miguel B 160 ISO 0.027 13 -18 0.002 Benguet Con B First Phil HMgs Lepento B
      72 words
  • Page 16 Advertisements
    • 338 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SONO LOUNGE PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of SONO LOUNGE PTE LTD duly convened and held at 621 Aljunled Road #07-05, Llpo Factory Building, Singapore 1438, on
      338 words
    • 282 16 In the Matter of the Companies Act, Cap. 50 And COSDEL DEVELOPMENT PTE LTD At an Extraordinary General Meeting of COSDEL DEVELOPMENT PTE LTD held at 36 Robinson Road, #18-01 City House, Singapore 0106 on 24th September 1967 the following resolutions were passed SPECIAL RESOLUTION WINDING-UP That Cosdel Development Pte
      282 words
    • 334 16 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We Hal Yin Diesel Tdg Pte Ltd of 6001, Beach Rd, #17-03 Golden Mile Tower S'pore 0719 hereby give notice that In consequence of the Intended to purchase and Change of Ship name and ownership from Japan port to Singapore Port. We
      334 words
    • 15 16 GadSu! STP Distributors 2 >#onQ Won RnK) Vgnmw Avallabla at all good bookahopa ARROW BOOK
      15 words

  • WORLD MARKETS
    • 1064 17 New York Reuter WALL STREET stocks on Tuesday retreated in active trading, failing to fol-low-through on Monday's advance. Traders blamed a lower bond market. "There was a great deal of disappointment that bonds did not respond to the strong dollar," said analyst Newton Zinder of
      Reuter  -  1,064 words
    • 954 17 London Reuter LONDON share prices continued the early downward trend at the official 0800 GMT opening yesterday but the majority of the fall reflected traders' mark-downs and there was little actual selling. Business was thin with most attention again confined to special situations. "This thin type
      Reuter  -  954 words
    • 157 17 Reuter BRITISH GAS PLC has not restructured its two-stage offer announced in early August for control of Bow Valley Industries Ltd. British Gas spokesman Fred Plowman was commenting on a Canadian Press news agency report, that the offer had been restructured to allow
      Reuter  -  157 words
    • 1100 17 Selected indices HONGKONG Hongkong Index Wednesday *****6* Tuesday 2557 13 Week ogo 2490.16 Hang Seng Index Wednesday *****4* Tuesday 3859 48 Week ago *****1 All Industrials -i weaoesoay Tuesday Week ogo NEW YORK Dow Jones Tuesday Monday Week ago 8*5*3 III TOKYO Nikkei Average Wednesday *****88 Tuesday *****00 Week ogo
      1,100 words
  • Page 17 Advertisements
    • 159 17 FRIEND. PUBLIC BANK BERHAD ACQUIRES GP GP Securities under its new management team and staff led SECURITIES SDN BHD through one of its subsidiaries, by En Abang Zainal Abidin b Abang Ahmad will offer Public Consolidated Holdings Sdn Bhd. professional and efficient stockbroking services and investment Effective 1 October 1987,
      159 words

  • 611 18  -  Projects may mean shorter blackouts By MARTIN SOONG THE Public Utilities Board yesterday unveiled a $5.2 billion blueprint for major electricity projects which may mean shorter blackouts for Singapore. The projects are meant primarily to meet Singapore's rapidly increasing demand for electricity. But, according
    611 words
  • 401 18 UPI AFP FIJI'S military coup leader yesterday agreed to place on hold plans to declare the South Pacific island nation a republic until talks on Oct 5 with the country's political leaders, the military regime announced in Suva. A statement said the agreement came
    UPI; AFP  -  401 words
  • 88 18 AP FORMER Federal Reserve Board Chairman Paul Volcker, who once spurned President Ronald Reagan's overture to head the World Bank, has agreed to serve as a consultant to the multinational organisation, bank president Barber Conable said on Tuesday. Mr Volcker will serve as a consultant
    AP  -  88 words
  • LATEST COMPANY RESULTS
    • 86 18 Group profits after tax and minority interests of $4.27 million ($1.3 million) on turnover of $72.87 million ($58.45 million) in the year to June 1987. Earnings per share (EPS) jumped to 7.4 cents (2.4 cents). A first and final dividend of three cents per share less tax
      86 words
    • 119 18 its after tax and minorities of M$7.27 million (M$3.34 million) on turnover of M$112.81 million (M$124.84 million) in the six months ended last June. EPS stood at 4.5 cents (1.5 cents). An interim dividend of 4 per cent less tax will be paid on Nov 23 to shareholders
      119 words
    • 71 18 M$509,000 (loss of M$29,000) on turnover of M$14.21 million (M$14.25 million) in the first-half of 1987. Loss per share was 2.7 cents (loss of 0.15 cent). The demand for industrial and engineering equipment and supplies did not pick up as had been hoped, resulting in depressed profit
      71 words
    • 136 18 losses after tax and minorities of M$2.75 million (loss of M$1.46 million) on turnover of M$22.13 million (M$20.57 million) in the year ended June 30, 1987. The poorer performance was due to weak demand for the company's products, the competitiveness of the electrical industry, the strong yen and
      136 words
    • 59 18 Group profits after tax and minorities of M$4.46 million (M$5.72 million) on an unchanged turnover of M$19.45 million for the six months to June 30. EPS was 2.2 cents (2.9 cents). The group expects the second-half performance to be about the same as the first half and thus
      59 words
    • 79 18 of $406,000 (loss of $112,000) on turnover of $2.71 million ($5.07 million) in the first half of 1987. Loss per share of 4.1 cents (1.1 cents). The further phasing out of the local farming industry and the increasing competition of the export market will continue to
      79 words
    • 79 18 $312,000 (loss of $417,000) on turnover of $570,000 ($931,000) in the half-year ended June 1967. Loss per share of 4.2 cents (loss of 5.6 cents). The company ceased fabrication of steel in April 1987 and the production machinery was sold for $626,000, giving an extraordinary gain
      79 words
    • 101 18 loss after tax of M$1.75 million (loss of M$1.71 million) on turnover of M$1.3 million (M$1.6 million) in the six months to June 30. Loss per share was 3.6 cents (loss of 3.5 cents). To conserve working capital, an interim dividend is not recommended. The directors expect
      101 words
    • 100 18 ter tax and minority interests of M$326,000 (profit of M$600,000) on turnover of M$17.38 million (M$25.83 million) in the year to June 1967. Loss per share was 0.7 cent (EPS of 1.3 cents). No dividend will be paid. Although the group incurred losses, a favourable performance
      100 words
    • 57 18 loss after tax and minority interests of M$3.82 million (loss of M$5.39 million) on turnover of M$7.2 million (M$10.3 million) in the year to June 1987. Loss per share was 7.6 cents (10.8 cents). The property market continues to be difficult and depressed and directors do not foresee
      57 words
    • 62 18 profits of M$1.44 million (M$793,000) on an unchanged turnover of M$92 million in the six months to July 31. 1987. EPS was 9.6 cents (5.3 cents). The second-half profit is not expected to be substantially different from the first-half. The usual interim dividend payable in February
      62 words
    • 32 18 tax and minority interests of M$489.000 (M$2.29 million) on turnover of M$15.07 million (M$25 million) in the year ended June 30. EPS was 1.1 cents (4.9 cents).
      32 words
    • 122 18 after tax and minority interests of M$6.64 million (loss of M$2.48 million) on turnover of M$246.63 million (M$311.45 million) in the half-year to June 1967. Loss per share was one cent (loss of 0.4 cent). The loss situation faced by the Malaysian motor subsidiaries is
      122 words
  • 460 18  -  By LISA LEE TELECOMS, Singapore Press Holding's second largest shareholder, has sold off half of its stake in the printing and publishing conglomerate, raking in nearly $92 million in cash. Broking sources said the placement of nine million SPH
    460 words
  • 152 18 AP FOUR MONTHS of intense public debate on Hongkong's political development ended yesterday with the government seeking to reconcile broad support for democratic reform with China's objections to sudden change. The government said it received more than 120,000 responses to its Green Paper that
    AP  -  152 words
  • 94 18 Reuter COMEX GOLD futures yesterday recovered half of Tuesday night's losses on buying by dealers following a lower US dollar. December gold was ahead US$l.OO at U*****.40 an ounce after setting a high/low range of U*****.90/485.00 in the first hour of slow trading. Spot October attracted
    Reuter  -  94 words
  • 84 18 Reuter WALL STREET stocks remained narrowly lower yesterday, but were recovering, led by blue chips. Stocks initially fell on soaring bond yields and doubts about sufficient demand for an accumulation of delayed Treasury auctions. Brokers say stocks recovered mostly on bargain hunting with bonds mixed. The Dow
    Reuter  -  84 words
  • LATE FILE
    • 100 18 Bernama ES ASEAN governments should work out strategic regionsl efforts to sttrsct foreign investment funds, said Detuk Psul Leong, chairmen of the Group of 14 on Asean economic cooperation and integration, in Kuala Lumpur yesterday. "Our region is still an attractive place for foreign investors
      Bernama ES  -  100 words
    • 75 18 AP TROOPS backed by tanks encircled Manila to block a new attempt to topple President Corazon Aquino but withdrew last night after the military said no mutineers tried to enter the city Col Emiliano Templo, chief oJ staff of the capital regional command, said hundreds of
      AP  -  75 words
    • 65 18 Reuter EUROPEAN COMMUNITY Ministers face a tough struggle over next year's budget which looks like being US$5 billion in the red. EC diplomats said their task is especially hard because decisions on an overhaul of EC finances which could give the community billions more dollars
      Reuter  -  65 words
    • 57 18 Reuter BRITISH economic growth will slow slightty to about 3 per cent in 1968, Chancellor of the Exchequer Nigel Lawson said. "After the slight spurt this year, I would expect something closer to the 3 per cent (of recent years) next year," he told
      Reuter  -  57 words
    • 86 18 UPI IF YOU can afford it, a little bit of foie gras every morning will help you avoid heart attacks. That is according to a nutritional study released yesterday at an international conference in Toulouse this week. It said foie graa. or goose liver paste,
      UPI  -  86 words
  • Page 18 Advertisements
    • 82 18 long Bee Finance Co Ltd FIXED DEPOSIT 3 mths 3.50% p.a. 6 mtbs 3.75% p.a. 9 mths 4.25% p.a. 12 Btbs 4.50% p.a. Hire Parchaaa Industrial and Commercial Machinery Construction Equipment Properties Share Loans 116 Middle Road #03-01 y ICB Enterprise House Singapore 0718 z Tel: *****81, *****04, *****87 i
      82 words
    • 23 18 Chri istian Di or mm A~k M i I A-*"*sl* 1 Tt 4 <1 \V i •> s V* f fCtW JOS cWatcdes of<Switzer(anL>
      23 words

  • SHIPPING TIMES
    • 418 19  -  By G DURAIRAJ THE MARINE Departments in Malaysia, Sabah and Sarawak, which are presently under the jurisdiction of separate shipping ordinances, will be merged as a single federal unit. The merger is expected to take place following the revision of
      418 words
    • 386 19 Reuter KENYA announced it was tightening export controls to combat fraud and close loopholes that result in failure by exporters to remit foreign earning*. Central Bank Governor Philip Ndegwa said the new regulations would cover all exports, including important foreign exchange earners
      Reuter  -  386 words
    • 231 19 AMERICAN President Lines has introduced the first weekly containerised cargo service to and from Nepal, linking it with markets throughout Asia and North America. Full containerloads of exports and imports are carried from origin to destination without being reloaded. By providing intermodal transport for
      231 words
    • PORTSIDES
      • 89 19 Reuter INTERNATIONAL Maritime Carriers (Holdings) Ltd has agreed to buy four second-hand ships from its chairman Frank Tsao for HK$l49 million in cash. International Maritime, which now has a fleet of nine vessels, also granted an option to Tsao that he can subscribe up to
        Reuter  -  89 words
    • 370 20  -  By Kingsley Wood QUEENSLAND is to build a super port to handle carriers up to 300,000dwt. The project, which could cost well in excess of Asl,ooo million, also involves new mines and construction of a heavy haul railway. Detailed planning has begun and
      370 words
    • 250 20 A GREEK tanker was attacked in the Gulf on Wednesday, apparently by an Iranian gunboat, as the United States escorted a Kuwaiti gas tanker down the waterway it has vowed to keep open. The Koriana was fired on 10 times by
      250 words
    • 63 20 Reuter MORE THAN 7,000 workers rampaged through India'a largest naval dockyard on Tueeday, damaging buildings and burning vehiclee in a wage dispute, Indian police said. A dockyard spokesman said tension had been building at the yard since last week when officials rejected the workers' demand
      Reuter  -  63 words
    • 253 20 Reuter THREE GREEK seamen whose ship was sunk by a mine in the Gulf spent 40 hours on a raft before they were saved, the captain said in an interview. He told the Saudi Arabian newspaper Okaz that they fired flares and
      Reuter  -  253 words
    • 725 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean IX 4 Alltrans VII 3 American Tpt X 2/3 Anship Int'l V 4 Anro Service IV 2/3 ANl 1 1/2 ARC line V 4 API III 2/3 Arrow lines IX 5 ASCI III
      725 words
    • 212 20 Reuter CANADIAN shipping companies on the Great Lakes said they are still operating normally despite a strike by ship's engineers which began on Monday. About 300 engineers, members of the Canadian Marine Officers Union, began walking off the job on Monday morning. Shipping companies have
      Reuter  -  212 words
    • 1319 20 RENEWED grain chartering from the US Qulf to the Continent was a major feature of the freight market on Tuesday, with rates still holding fairly steady, shipbrokers said. A rate of US$B.5O was paid for heavy grain from the Qulf to Antwerp-Rotter-dam-Amsterdam-Ghent, while a vessel wss booked for
      1,319 words
    • 163 21 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping AMRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd
      163 words
    • 155 21 AP SOVIET commercial ships are coming to Chinese shipyards for repairs for the first time in 20 years, an official newspaper reported. The English-Language China Daily said three dockyards on the north-east coast each have repaired a Soviet ship since the beginning
      AP  -  155 words
    • 353 21 Reuter THE Herald of Free Enterprise accident off Zeebrugge earlier this year illustrated that despite a previously good safety record, roll-on/roll-off (ro-ro) passenger and cargo ferries are vulnerable to operational errors, according to lain Dand of British Maritime Technology. However, many of the
      Reuter  -  353 words
    • 202 21 CHEONG KWOK WENG has been appointed sxport manager of Mansfield Container Shipping, in charge of Mansfield's Export Sales Department. Mansfield, a subsidiary of Straits Steamship, represents P O Containers Ltd, Australia Straits Container Line and Direct Container Line. FUKUJI A RAJ has been appointed by Ben Line
      202 words
    • 61 21 UPI THE Asian Development Bank has approved two loans worth US$ll million for Vanuatu and Solomon Islands fisheries project. ADB said a loan of U555.75 million to Vanuatu will build a new earthquake-resistant wharf for foreign ships at Santo port. The US$5.3 million concessional loan
      UPI  -  61 words
    • 211 21 ALL SURVEYS were conducted on Sep 14 Argentine Buenos Aires 25 vessels opersting. Brisbsne, Melbourne end Sydney Normal operation. Chittagong 30 vessels operating. Brazil Santos Normal operation. Cameroon Douala Normal operation. Canada Vancouver (Britiah Columbia) Waiting time of up to three weeks. Chile Valparaiso Normal operation. Colombia Buenaventura
      211 words
    • 63 21 Reuter AUSTRALIA to Japan wool freight rates and pre-ehip-ment fees will rise by per cent from Jan 1, 1968. the Australian Council of Wool Exporters said. The council aaid new ratea were agreed to by the Australian Northbound Shipping Conference (Anacon) and the Japan
      Reuter  -  63 words
    • 297 21  -  By KINGSLEY WOOD THE AUSTRALIAN Meat and Livestock Corporation is to end the designation of shipping lines in the meat trade to North America and throw it open to all operators when the present contract period expires in February.
      297 words
    • 93 21 Reuter TIDEWATER has concluded the sale of its interests in a pro-duction-sharing contract offshore Indonesia to Hispanoil, the oil company of Spain, for about US$2O million in cash. Tidewater said a portion of the proceeds from the sale will be used to reduce the
      Reuter  -  93 words
    • 8525 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      8,525 words
    • 126 26 Ar^s/Port Viscosity Dsmlty Water CSTstSOC Q/ML st 15C Volvos Oft Afrtca/Rsd 8m :-r Joddah 160/196 0.951/0.974 J 0.1/2.2 Durban 145/186 0.980/0.993 0.0/0.8 Arabian QuN Has Tanura 110/110 0.941/0.941 0.1/0.1 Bahrain 132/199 0.965/0.976 0.0/0.1 Europe 1 Rotterdam 26/530 0.935/1.009 0.0/1.8 Hamburg 33/406 0.946/0.990 0.0/1.0 L* Havro 186/362
      126 words
    • 1319 27 AT CONVENTIONAL WHARVES Korunio Joyo Jl 01 10A3800 0210/2300 O Do* Yang 106 13 01 *****0 0310/0700 VMM! Sam i Arrival Departure Ponnoroi > Sri Sakti n i* 01 10/1530 01 10/1100 0210/1200 01 10/2300 KEPPEL WHARVES MARINA WHARVES Boogobillo COT K33 K36 olongsid* 01 10/0600 04
      1,319 words
  • Page 19 Advertisements
    • 803 19 How S.K. Asia upset the logical West HILARIOUS. TRAGIC DANGEROUS. Available at all Good Bookshops OQCL .OgcNrOvßQul Cmlnimt Line WW/ SHIPPINC AGENCIES (R«f No 24»4/ 00*) 200 Cankmnot tad #12-05 Souoipoait. Swppan 0201 T«l *****11 TELEX NO RS 2(171 TDWINAUCFS TW *****11 220 BOOKINGS TM *****34 235 KSAKA JARMNC SMIfftNG
      803 words
    • 67 19 QUEENSLAND is to build a super port to Handle carriers up to 300,000dwt. Page II THE Herald of Free Enterprise accident off Zeebrugge earlier this year illustrated that despite a previously good safety record, roll-on/roll-off (ro-ro) passenger and cargo ferries are vulnerable to operational errors. Page 111 Index to advertisers
      67 words
    • 640 19 S2SSS 1 ern** Hww Pu&nhmf Group MAERSK LINE MAERSK LINE'S NEW EMPTY CONTAINER DEPOT NOW LOCATED AT: SS PIONEER SECTOR X SINGAPORE mi TEL: MISS**, MXJI74 (wet 28.9.87 all empty container* will be released/received at our new depot) The met Ptantm Closing Tune CY 1/10 0930 MRS CFS 30/09 1130
      640 words

  • Page 20 Advertisements
    • 415 20 COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE IIT FAR EAST TO EUROPE MEDITERRANEAN WEST AFRICA OUTBOUND TO NORTH CONTINENT r" I FELIXSTOWE eta ROTTERDAM ETA DEI Alm accapting cjrfo to atl U.K. daftmations. points A Watt African Part*. EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/ MARSEILLES 16 DAYS SINGAPORE/ BARCELONA (DIRECT)
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    • 17 20 Lines and services represented by Member* of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.
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    • 316 20 MTO MARITIME TRANSPORT OVERSEAS GMBH EUROPE/PA* EAST CONVENTIONAL SERVICE LOO. FOR IMka Trawl PM. US m zzieelt eoiTsewD f* ißTie CHARGEURS RE UNI S f. Optorg Shipping Pte. Ltd G EARBULK LTD. *RICHFIELD RAVEN ARROW PORTLAND 21/10 22/11 MELBOURNE 17/10 17/11 Also accepting brwkbulk ego subj to induconwnt. V»l also
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  • Page 21 Advertisements
    • 684 21 The Straits Steamship Group Mansfield Container Shipping Re Ltd CONTAMEttHP SERVICE TO UK/CONTMENT KOM.OON MY FRANKFURT DtntJS MMU MY UTAHO BUN Also Accepting Cargo Fort STRAITS SHAPING SinQiporatoSibctvSinwik, Brunei Ports and Bangkok PEGASUS RROGRESS VSBBN OM7 Oct 66-10 Od PEGASUS PROGRESS VSBN 11-14 Od IM7 Oct BANGKOK BORNEO AGENCIES LTD.
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    • 511 21 ra EUROPE USA PANAMA ii.ia ii.ia ZI.II 14.11 ■.it 21.11 14.11 17.11 21.11 11.12 12.1t 15.12 VF 714 li.ll 17.11 N.II Mil 11.11 ■F 715 31.11 21.11 22.11 2111 24.11 «F 7H Nil M.12 HI2 17.12 M. Wf 717 23.11 11.12 21.12 21.12 22.12 UAO I J EE 712 27M
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  • Page 22 Advertisements
    • 255 22 CONTAINERSHIP SERVICE TO UK CONTINENT ToUfi Bay Ttkta Uprtti KOWIOQII ||y CM«gM lay |U|fU 12Q2 |3*12 ALSO ACCEPTING CARGO TO: ALL UK MLANO DESTINATIONS. KLf AST, COPENHAGEN, AARHUS. GOTHENBURG. W CKJBLIN UK). HELSINKI. OSLO. AMSTERDAM CONV SEMI CONTAINER SERVICE TO EUROPE CONV SEMI CONTAINER SERVICE TO MED EUROPE SP PK
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    • 697 22 21 FULLY CONTAINERISED SERVICE TO fUROPt VIA ffT| h f n Cf Co Mill* CONTAIN* RISiD 10 (ROM NORTH AMI RICA AIM C(IA r ,i •FDR/MOTHER VESSEL «SP lu LA OAK SLA VCR och sse/pacific prosperity iH 3/10 17/10 2/11 vu 7/u 1/11 KJJ 40E/KOKEAN WON IS SUN HE 11/11
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    • 422 22 FREIGHT LINKS EXPRESS 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 5/10 11/10 8/10 15/10 5/10 11/10 LOADING FOR LCL ft FCL AUSTRALIA NEW ZEALAND 21/10, 28/10 AUCK, WELLINGTON, LYTTLETON.
      422 words
    • 866 22 EVERGREEN Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SGP HKC KSC KLG PUS OS* TYO KSN CMS HTC ML HK FUt ROB ANW UN SGP zm W W W 3/11 T/ii 11/11 *u a/ii a/ii 22/11 21/11 a/11 17/12 7/M 11/10 13/1# iyu 1/11 11/11 17/11 13/11 1/12 2*U a/11 27/11 25/11 23/12
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  • Page 23 Advertisements
    • 598 23 PACIFIC INTERNATIONAL LINES W*\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE VESSEL SEA HAWK RATAMA BHUM SCA HAWK PSB SCA FORTUNE MTEQRA SCA FORTUNC VOY SIN SSY SMC SIN BLW PEN •707 SM Std SM SM Ski 2/10 •737 SM
      598 words
    • 171 23 NORBULK CARGO SERVICES LTD. REGULAR CONVBrriONAL TIMBER AND PLYWOOD SERVICES TO UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL 7T&M MALAYSIA SP YEO SHIPPING i TRADING Kl PH *****01 PfNANG TANJUNG MARINE SDN BHD Til SABAH TRANSPAC K W488.7?1?« CHINA OCEAN SHIPPING COMPANY L^. WKC
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    • 811 23 BLC BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT JJ* J' 0 K tt rroti p klam rnn SaiM SaiM SmM SaiM SaiM Via via T*p toy M SaiM SMM Si.M S»M Ml wa 'Jj* w«i V* am 230e VM V* ?m i/m iok ana
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    • 639 23 1 DJASAGETRI A Joint Europe Service CX: rx imkarta uro fx oesmh lloyi P.T. —I MBI P.T. TMKOM LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TR EUROPE VESSEL/VOY SI CAUDA GAMA/19WB 4MATARAM/19WB 10KJTAI/IJV! 20S. PANJANG/17WB 3 CAUDA BMAKTI/19WB U ANTWERP BILBAO BREMEN AOAM/R'DAMHBURG 11/11 ICAI 23/11 Ml Wll UAI w ma
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    • 439 23 BOUSTEAD SHIPPING AGENCIES PAGAN VI UN LASHIO VKW M AN VU6W BURMA FIVE STAR BHIPPINB CBBPBRITHIM (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok 21 Sep/3rd Oct 5/7 fa vu Oct W BANK LINE CVDDCCC CCkll PrtllT AIUCB CLYDEBANK V2IN FORTHBANK V2ON TAMAITAI SAMOA VIIN (CALLING LEIXOES 16/11)
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  • Page 24 Advertisements
    • 1312 24 K"LinE SHIPPinG-DATA ATLAnTIC COAST (Round-The-Wortd Service) NEPTUNE JADE V 9 ORIENTAL FAIR V 5 •VIA FEEDER •PK/PNG SPORE LB CHLS NFK Sid 2 Oct 24 Oct 3 Nov S Nov 3 Oct I Oct J1 Oct 10 Nov 12 Nov NYC HFX 7 Nov 11 Nov 14 Nov 11 Nov
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    • 638 24 a AUSTRALIA EXPRESS CONTAINER SERVICE AccopMnu FCUFCL Centrtnere Enter P Ktitng Unw ttath S'par* IkWb Erwi Sydn Ate Ago* "RA»IOAS" VJ7 23 Oct INm 17 No* IS Mm AM/Bra "CHAMMDAS" 12t II Mm ft No* SOk 3Ok AM/fra "RAVI DAT' VJI 3 Ho. 13 Dk 22 Dk XOk AM/Bm INDIA
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    • 729 24 GOLDEN LINE jTI GUAM GUAM SHPTMG (TIE) LTD •104 Id UUM (M UB) Fat: STRAITS/PERSIAN GULF SERVICE: OOCKN HAVEN Cotomto/KaradM/Dutoi GOLDEN WONDER Cotombo/KjradM/Dubx CHINA SERVICE A VESSEL Hsinkani/Stonfltti Tftn P .MaagPM is/u Oct 1/9 I* Oct 1 CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC Of CHINA .iiUL GANJIANG XINYANG
      729 words
    • 437 24 n 3E2 ■rw,".'i IMraU, ALEJIANORM. PORT tMO. PWAEUS VALETTA MOOt. DJBOUTI 53GZ SERVICE \'B PHILI oni(NT IIN(S PT( LTD "fso orr cr (3 pobasoh boso *'RO AS Nj S NC~ opf Tfi! RS 7i7:D rmit FA» OS JB- 1 DONA. MUSCAT. BAHRAM. ABU DHAM SHMUAH H ROW. ROM. REELURE. :i
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  • Page 25 Advertisements
    • 923 25 i NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE. LTD. ft tU)»UST TPA/SEA Terminal CfS BOOKINGS *****53 *****42 m«2 zm»3 221* *****11 vwm NEPIINE SDN BHD. XW HSRfTSE NEPLINE SON. BHD. 2U4033 NEPIINE SON. BHD. umaitzMHumiitnw NEPLINE SDN. BHD. SMfOHI VTT^Ti] HIIm: il.v: TO EUROPE/UK (VIA SUEZ): A CONCORO UW.. K
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    • 452 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG. BUSAN. INCHON Vmml'i Nmw S pore P Kelanf No 7 Donam/707N 0500 09/10 No 1 oonoM/707N 1(00 1900 No I DN/710N 1100 2200 Bhud Ho i i 21/10 270* 30/10 301 (209 9(01 1901 1401 Fulty containerised General
      452 words
    • 669 25 f SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDINGSS Market Strert Sinjipore 0104 Tel: *****33 (15 Lines) Terminal Office: 22M241/2 CaMeAddrets SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** r. Wlllii pnuflK H/S HANDLING SYSTEM CO SON BHD SSSTma. BNPtm S: sMUUfed* rib ssvssi fL'sstsr«" T«t *****1/*****1
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  • Page 26 Advertisements
    • 336 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 (30 bnesi FAX *****39 *****76 TUEX RS ***** A B SSCMA RS ***** A B SSCAD SR-LINES j VE,B P&UTFHACHT SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO: Accepting cargo tar INDIA Bombay. Cochin, Madras A Calcutta "VIA LARNACA: Accepting cargo for
      336 words
  • Page 26 Miscellaneous
    • 154 26 t Regional Weather is 1 s Si v> r. 'I m K <c I a E SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO A.M. THIS MOHNMQ. R Thurvters.ocm Temperature A A Sho^ w Weothr -~S Wmd drection wit* speed m knot* V Sky er» by i My wit* rtie wind
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  • Page 27 Advertisements
    • 891 27 MN SOCIETE MAURICIENNE DE NAVIGATION LTEE IA OCEAN, SOUTH/EAST AFRICA REGULAR SEMI-CONTAINER SERVICE Onerji A .r, SEALION SHIPPING(S) PTE LTD TFL 1 ?0d6c1 (5 lines) TELEX RSJ43W SEUON fAX 22i0"41 Alrka Of ian L r»» s Lid. VESSEL ETA SPOftE Loading lor MV lUON 5/10 Lagos, Port Harcourt, Douala, Tema
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    • 26 27 I'llJ ZD if RHENANIA INTER NATIOVAI TRAVSPOPT SfRwtCES PTE S PORT 33e036 TA AAV lit 1 SIDNEY (0?) W* ?09S BRFWFN 4.:) Mtiß (05) 3is 3JII
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  • Page 28 Advertisements
    • 411 28 fcFARGO SHIPPING COMPANY (PTE) LTD. -HM regular express full CONTAINER AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europ*/M«ditoiTan«an 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 P.T. UNITED SHIPPING ORGANISATION LTD I DIRECT REGULAR SERVICES
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    • 516 28 ry CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****3 07-***** 07-*****3, *****5, *****0, *****1 02-*****22 *****0 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER BUTANG 377 BUTANG 379 B. BUTANG m B. BUTANG m OTHER DESTINATIONS: AARHUS, AMSTERDAM, ANTWERP, BASLE, BREMEN, BREMER HAVEN, COPENHAGEN,
      516 words
    • 518 28 PAKISTAN NATIONAL SHIPPING CORPORATION, KARACHI INDONESIA AND MALAYSIA-KARACHI AND MIDDLE EAST GULF SERVICE LOADING FOR KARACHI, DAMMAN AND DUBAI OHRMAZD LALAZAR SHALAMAR PAL PTK SBY TPRK KNTN PKLNG 3-4/10 20-21/10 22-23/10 25-28/10 27-2#/10 24-25/10 26-28/10 30/10- 2/11 3-5/11 PNG 8-7/10 38-31/10 8-10/11 Calls at Kuantan subject inducement P ppn?! DONESIA
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