The Business Times, 8 October 1987

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 112/12/86 THURSDAY, OCTOBER 8, 1987 75 CENTS
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  • FINANCIAL NEWS SUMMARY
    • 81 1 THE SINGAPORE stock market ctoeed on a mixed to easier note yesterday. There was some lets buying interest after prices had drifted lower in the ■morning end early afternoon trading. The ST Industrial Index edged down I.7pts to close at 1,449.05 while the Businees Timee Compoelte Index added
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    • 33 1 We*w*ry HK Hang Sang lnd*x 3936.13 29.69) vt A *****.27 (-13&70) T j i dyonvy AH-vroinonfi ***** (-29.7) Twdoy Nsw York (Dow Jon**) *****3 (-91-55 hondon (FT 30 Indsx) 1858.3 (-15.4)
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    • 12 1 US* 146.00/10 ymn, 1.8260/70 DM, 552.0975/85 6 U551.6385/95 MS. SSOJ233/40
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    • 25 1 Euro-I (Dk) 91.22 (-9 US T-bond (Dec) 81.19 (-2 Y«n (D*c) 0.*****5 (+l5) OM(Dk)OJSI9( 35) Pound (DK) 1.6350 (+120) NfcM Mm (DK) ***** (-370
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    • 12 1 fport (buyer's quo**) U*****50 USSI.SO) Undan (aflmeon fix) .05 US$O.O5)
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    • 11 1 fporm Oct 220.23 ch/kg (undt) M*ria Per 269.00 Men/kg (unch
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    • 7 1 17.01 Ms/k«(+o.ii) Twnowen 82 (+l5)
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    • 15 1 Tumovcrt 326 lots (-325) Oct Ms79o/tomo (-$3 Nov M$7M/fomo (-$4 Doc Ms79o/tamo (-$3
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    • 10 1 6.29% (average of 12 mofor banks' PUb)
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    • 31 1 THE OVERNIGHT RATE on the Singapore interbank market tell 1/16 points to end at 1/10 per cant yesterday. One-month tell point white two-months and <wee months aach tell 1/16.
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  • 164 1 Reuter VIETNAM haa begun asking US, Asian and other opponents of its military presence in Cambodia to send observers to verify a partial troop withdrawal, diplomats in Bangkok said yesterday. Vietnam is soliciting US congressmen as well as observers from Japan, Sweden, Australia, Nato-member
    Reuter  -  164 words
  • 537 1 DBS LAND has turned out to be on* of the most generoua offers of the year. All investors who applied for 10,000 shares and above received allotments. Only applications for 9.000 shares and below were subject to balloting at ratios ranging from 1:4
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  • 689 1  -  Move prompted by decline in turnover By AMY BALAN WITH TURNOVER on the Stock Exchange of Singapore (SES) having fallen sharply since the implementation of the new settlement system, aeveral brokers are working quietly towarda the reinatatement of the one-month m m aal m
    689 words
  • 436 1 AFP THE PHILIPPINE government said yesterday that it had uncovered a fresh military-civilian coup plot aimed at paving the way for a return of deposed president Ferdinand Marcos. Officials said after a cabinet meeting that the coup was scheduled to be
    AFP  -  436 words
  • 486 1  -  By CHUANG PECK MING SURFACE MOUNT technology, the istsst in production know-how in the electronics industry, is being given a boost in Singapors by North American Philips Corporation (NAPC) which is investing $12 million here. In a joint press conference held with the Economic
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  • 95 1 ASIAN stock markets yesterday lesrned with shock of Wall Street's record plunge on Tuesday. Share prices fell in sympathy in Tokyo and Sydney while late buying interest pared earlier falls in Singapore. New York stocks posted their biggest one-day decline in history on Tuesday, spooked
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  • Page 1 Advertisements
    • 78 1 A TIENGOUKTif SICHUAN CUISINE (A* King's Hotel Have lock Road Singapore 0316 Tel: 733 0011 I I: I ■•"•ffi Begin Your Busy Day Right Start off on a right note in the morning. Use Braun micron foil shavers: recognised worldwide as a measure of quality and good design. Use with
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    • 339 1 Focus on Filipinos HALF OF THE 22 million strong workforce is underemployed or out of work, but government efforts to improve the living standards of Filipinos are being thwarted by political uncertainty and onerous debt servicing demands. BT explores these issues in the second of a three-part focus on Page
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    • 95 1 &${{^~?<<-/@&/:|}<^./%[\&@@^)&^ 8m Pegee it and 17 For only $25 we'll reserve one of these seats for you. For just $25 more than the economy fare, experience our excellent new Business Class on the Ultimate 757 to Bandar Seri Begawan. Five abreast seating, choice of meals served on Royal Doulton china,
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  • HOME NEWS
    • 475 2  -  By LEE HAN SHIH THE TOTAL VALUE of new building contracts awarded in August want up 21 par cant, to $227 million, compared with the corresponding month last year, according to latest Ministry of National Development figures released yesterday. Reflecting their new-gained
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    • 325 2  -  ■y LILY FERNANDEZ THE NATIONAL University of Singapore and the Primary Production Department will today sign a memorandum of understanding. The memorandum will see applied research and development co-operation in agrotechnology between the two. Agrotechnology is part of the PPO's programme to develop 2,000 hectares
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    • 172 2 THREE MEMBERS of the Railway Compensation Board have been re-appointed for a period of three years effective Oct 1. The Minister for Communications snd Information announced the re-appointment of Mr Dalip Singh, District Judge of the Subordinate Court, as president. Other members re-appointed are Mr Ng
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    • 127 2 LINCOLN Electric, Australia's leading msnufacturer of wddiflo machinee and ajulpnwnt, is expanding its facilities in Singapore. Lincoln's offtcs hsrs is ths csntrs of its South-east Aaian marketing and service opersttons. Ths sxpsnsion involvss s wsrshouss which will stock s multi-million dollar rangs of spare parts.
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    • 351 2 Seminars and courses Oct 19 l** af| ,A neononcw v-wTTticuti 1 n H7TXJnOI n *<JTKjrXJ1 *****66 (COJMMOC#in Supervision Productivity Productivity dotal (Mondorin) Board Board Oct If Computer Do to National hlnllnnnl nanonoi *****66 ICOIIIilllC*Processing for Productivity Productivity Mfit dote) Monogeriol Personnel Board Board Oct 19-20 Telephone Skill* in Mercuri
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    • 532 3 ASIAWEEK, a weekly news magazine published in Hongkong, will have its circulation in Singapore cut from an estimated 10,000 copies to 500, starting on Sunday. The restriction on sales, whith will affect the Oct 16 edition, comes after Asiaweek published a Singapore government spokesmsn's letter
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    • 90 3 THE NATIONAL University of Singapore's Department of Extramural Studies is organising an eight-session course on a practical approach to investment, starting on Oct 14. The course will highlight the various avenues in which the public can invest their money. These include the four major markets for
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    • 306 3 THE SCOTS hope to tap the potential offered by markets in China by using Singapore's expertise and its growing trade relationship with that country. This was said by the leader of a visiting trade mission, Alan Parrack of M&D Valves Ltd. The
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    • 423 3  -  By ANNA TEO HOT ON THE expansion trail, Aiwa Singapore is re-organising its operations. The Japanese sudio and video equipment maker has set up a machine centre to support its two factories, and a distribution base for raw materials and end-products. Aiwa
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    • 414 3  -  »y LIM SOON NEO FOR THE PAST five years running, Singapore has managed to hang on to its position among the top 10 countries in the civil sviation world, thanks to Singapore Airlines (SIA). Rsnkings published in the 1966 annual report of the International
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    • 115 3 SIA IS PLANNING to increaee the number of frequencies to some of its Asian destinations for the period Oct 25, 1967 to March 26. 1966. According to SlA's monthly Mews Service, the airline will increase the non-etop HongkongSan Francieco service from four to five timee
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    • 220 3 BP HAS HELD talks with its Adam Road dealer Tom <3wee on how bast to impiamant a High Court order to revert to the states quo ants prior to his eviction. Mr Qwee wants to conduct the full range of service station
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  • Page 2 Advertisements
    • 132 2 THE SHANGRI-LA BRITISH AIRWAYS DINNER THEATRE PRESS*!* TERRY scon in his West End success a The hilarious comedy by ROBIN HAWDON 0 ANITA STEPHEN KATE GRAHAM RIDDLE DUNN and ELIZABETH BRADLEY 23-29 October '87 Venue: Island Ballroom Pre-dinner Cocktail. Dinner Show: $85 (Inclusive of taxes). Cocktails 7.15pm (Island Foyer) Dinner
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    • 148 2 MASERATI. A LEGEND. TV Maseran 300S in the skilful hands of Pietro Taruffi, en route to the winner's laurels in the gruelling 1,000 km at bJurburgring, 1956. The Maserati Coupe. Twin-turbo 2,500 c.c. V-6 engine with a capacity of 192 b.h.p. at 5,500 r.p.m. 5-speed manual or automatic. Available in
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  • Page 3 Advertisements
    • 262 3 7 How fourteen hours in the air substantially improved her looks. «Wr. >-?7 £4> 'ail i I« ft -rt IW :t r E* -1 -V V San Francisco, U.SA. unp X he Largest Sale of Modern Art to be held in San Francisco" it said in the catalogue. And I
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  • ASIA – PACIFIC
    • 606 4 Reuter NEW ZEALAND could be exporting jobs rather than products if the New Zealand dollar continues its recent record-breaking run, exporters and manufacturers said. "We are at the point where any further added-value manufacturing is likely to go offshore," NZ Dairy Board public affairs
      Reuter  -  606 words
    • 434 4 AP THE HEAD OF JAPAN'S prestigious Science Council says his country is looking for someone to build a city standing on pillars in the Pacific Ocean for homes for up to one million people. "It costs around US$2OO million," said Jiro Kondo,
      AP  -  434 words
    • 172 4 AP THE JAPANESE National Tax Administration Agency has discovered a record 1,225.6 billion yen (US$B.4 billion) of income undeclared by 160,000 Japanese companies intentionally or by neglect in the year ended in June. Agency official Shinji Nakajima said on Tuesday the amount was
      AP  -  172 words
    • 225 4 Reuter AUSTRALIA will adopt an 'open skies' domestic policy in 1990, greatly reducing restrictions on air fares, routes, aircraft imports and capacity, Transport and Communications Minister Gareth Evans said. The new policy would replace the 30-year-old two airline agreement in October 1990
      Reuter  -  225 words
    • 268 4 Bernama THE FIRST Asean-Japan expert group will meet in mid-Novem-ber to draw up details of the Japanese aid package announced by Japanese Prime Minister Yasuhiro Nakasone recently. Formed under the Japanese Asian Industries Development (AID) plan, the US$2 billion package is to promote
      Bernama  -  268 words
    • 112 4 AFP INDONESIAN export income fell 18.7 per cent in the first five months of this year, largely due to a drop of more than 30 per cent in oil and gas earnings, a Bank Indonesia report released on Tuesday said. Preliminary figures showed that overall export
      AFP  -  112 words
    • 410 4 Bernama ES THE MALAYSIAN Ministry of Trade and Industry is processing 38 applications by foreign companies to set up manufacturing operations in the country. The decision on the applications would be mads in a month's time, secretary-general to the ministry Datuk Ahmad Sarji Abdul
      Bernama ES  -  410 words
    • 320 4 Bernama ES THE General Agreement on Tariffs and Trade (Gatt) negotiating group on tropical products may initiate talks on trade liberalisation by early next year, its chairman Datuk Paul Leong said in Kuala Lumpur yesterday. The fact that the committee on tropical products
      Bernama ES  -  320 words
    • 460 4 Bernama MALAYSIA will press for a tougher stand against South Africa and for international and comprehensive military sanctions against the white Pretoris regime at the coming Commonwealth Heads of Government Meeting in Vancouver. Prime Minister Datuk Seri Dr Mahathir
      Bernama  -  460 words
  • Page 4 Advertisements
  • Page 4 Miscellaneous
    • 76 4 B v// m City Max/ Adeloldo Amsterdam Aitim Bahrain Bangkok (arbodot OUTLOOK: In Mm afReport for 24 Kourj prior to 7.30pm on Oct 7 of iho Hrs of wmoMna *.7U Rainfall In mm nH Rainfall Ms mfh 2.3 Rainy day* Ma m«i— 2 Now DaM Now York Nicocia Oslo Parte
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  • REST OF THE WORLD
    • 199 5 UPI CONGRESS voted on Tuesday to order ban on the import of Iranian oil in a politically popular but largely symbolic protest against Teheran's antiAmerican policies. The Senate approved its bin, 93-0, and the House of Representatives passed its measure. 407-5. A bill could
      UPI  -  199 words
    • 824 5 ARRIVALS Optfufuf g JwPnC* number Local Www From su IC MAS MAS MAS AC SIA OA MAS GU MA GU SU SU SU THAI ""MAS ..o* SU SU ou •is *u MJFT SU THAI THAI L CPA MAS MAS GU ..ML -UTA SU TX 1AL SU SU
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    • 252 5 NYT A NEW PENTAGON analysis contends that the revised budget-balanc-ing law has confronted Secretary of Defence Caspar Weinberger with the choice of dismissing large numbers of military personnel or cutting sharply into funds for operations and weapons. This analysis asserts that, in either case,
      NYT  -  252 words
    • 544 5 AP BANKERS ARE TAKING a gloomier view of the world debt situation than they were six months ago. In a survey of 109 nations, Institutional Investor found that the average country's credit rating in September had dropped considerably from a similar survey last March,
      AP  -  544 words
    • 268 5 AP INFLATION rose sharply in Latin America this spring, with the highest rates registered by Brazil, Mexico and Argentina, the International Monetary Fund reported on Tuesday. By June, Brazil's annual inflation rate had climbed to 226 per cent, Mexico's to 126.7 and Argentina's to 110.
      AP  -  268 words
    • 330 5 AFP THE US Supreme Court heard arguments on Tuesday on the legality of ao-called "grey market" imports in a case that could drastically alter US buying habits and eliminate huge discounts on imported cameras, tape recorders. computers and other goods. Grey market,
      AFP  -  330 words
    • 130 5 AP BRITISH Prime Minister Margaret Thatcher is the moet important woman in the world today, according to a survey of 250 newspaper editors around the world. The survey, published in the November issue of Ladies' Home Journal, was based on responses from publications on every
      AP  -  130 words
    • 200 5 AP THE SOVIET UNION is willing to consider cuts in its massive military presence in the strategic Kola Peninsula on the Barents Sea if the West agrees to discuss decreasing its military strength in the Arctic. Soviet officials said on Tuesday. The
      AP  -  200 words
    • 88 5 AFP SWISS ASSETS overseas increased in the second quarter of 1967 to total 223.6 billion Swiss francs (US$l46 billion) compared with 212.1 billion francs in the first quarter, figures published by the Banque Nationale Suisse showed on Tueeday. Commitments payable overseaa roee from 136 billion franca
      AFP  -  88 words
  • Page 5 Advertisements
    • 171 5 fI 1a \l Ifl 1£ The business person's choice, every I 1 II 111 I Tuesday, Thursday, Saturday and I 1 aI I I Sunday. Leaving Changi Airport at JL W»yl. 1 A 72:05 hours and arriving at Lester B. Pearson International Airport the following day. Call your Travel Agent
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    • 273 5 ARTIFICIAL INTELLIGENCE WHAT CAN IT DO FOR YOU? Al: A fast growing science Al has been defined as the science of 'making machines do things that require human intelligence when done by men', and there is a growing euphoria about its possibilities. Hewlett-Packard understands the goals of Al, and knows
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  • Page 5 Miscellaneous
    • 79 5 Doonesbury BY GARRY TRUDEAU w, BROB°P8 R 0B°P w BUT WHATABOUT USA TOMORROW?* CHECK OUT THE BONUS PUUrOUT SECTION ON OUR FUTURE! SEE JrEI wm m n w USA he F u 1 IN mi, WE'LL BB THINNER, NOTING MORS OFTEN. AND ENDING OUR. LOVE AFFAIR. WITH COTTAGE CHEESE!" m
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  • MONEY AND EXCHANGES
    • 208 6 Reuter THE NEW ZEALAND Reserve Bank is firming up its monetary policy further through an increase in its discount margin. Reserve Bank governor Spencer Russell said the margin above market rates at which discounting will be triggered will rise to 1.5 percentage points from
      Reuter  -  208 words
    • 190 6 Indicates the average of tha prima tending rates of 12 major banks In S'pora Interbank market rates (offer/bid) on Oct 7 us$ DM SWFC Y*n 7 day* 7 9/16 7/16 9 7/8 3/4 3 7/8 3/4 1 7/8 5/8 3 11/16 9/16 1 rmh 7 13/16 11/16
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    • 86 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity WD OFFtt HIGH LOW 3 months 6 months 1 year BQ*****S BS*****Z BY*****M 7.1.88 3.40 21.01.88 3.40 22.09.88 3.85 3.35 3.35 3.80 3.49 3.40 3.43 3.38 3.88 3.82 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
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    • 60 6 THE OVERNIGHT RATE on the Singapore interbank market fell 1/16 points to end at 1/16 per cent yesterday. One-month fell 14 point while two-months and three-months each fell 1/16. S$ Interbank rates at 7pm yesterday: Off» WD 1/1« 0 1-monrti 4 3/8 4 1/4 2-flKrtti 4 1/2 4
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    • 634 6 DECEMBER Eurodollar opened five ticks lower yesterday at 91.26. Although the good demand of the four-year auction led to some short-covering activities, the market still maintained a bearish tone. The December contract closed nine ticks lower at 91.22. December US T-bond closed two ticks lower at 81.19 in dull
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    • 954 6 INTEREST RATES OPTIONS W*dnMdoy, October 7, 1987 EURODOLLAR (MM O) D« 97 Mil LM Dm 97 ptM 8*a 9000 125A 122 2 9030 79A 77 s 9100 39a 39 15 15 17 9125 25A 24 26 26 27 9150 14 14 13 41 41 41 9175 7 7 6
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  • Page 6 Advertisements
    • 183 6 When Alberta, Canada comes to Asia Pacific, we bring business with us. •'V; *lS f iVf>n:ir.Pk ■.v> v ■j" jr ra •vl \n! rs M M* fc 1 > f v> °S^ ,7V y^&ia A *4Da K? The opportunity is \ours when a business delegation headed by Ihe Honourable Kick
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  • BANKING AND FINANCE
    • 1523 7 SINGAPORE: The US dollar closed lower against most major currencies in thin trading yesterday. J The dollar started on a slightly weaker note following its easier trend in New York on Tuesday. It then fluctuated within a very narrow range but resumed the downward trend in mid-afternoon trading
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    • 361 7 Asian market ASIAN DOLLAR deposit rates closed little changed from its slightly firmer opening levels yesterday in quiet afternoon trading. Dealers said most operators were sidelined in the afternoon on lack of interest. The market was awaiting the outcome of yesterday's US Treasury auction of U556.75 billion of seven-year notes.
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    • 506 7 Reuter ECONOMISTS are questioning the accuracy of Japan's most closely watched money supply figure, saying it may have been distorted by economic liberalisation. Money supply based on M-2 plus certificates of deposits (CDs) has been growing at a worrying pace, bringing fears of higher
      Reuter  -  506 words
    • 467 7 Reuter BUNDESBANK President Karl Otto Poehl Mid the German central bank wants to slow the rate of money growth to counter inflationary fears. Mr Poehl was commenting on Tuesday's rise in the minimum bid rate to 3.6 per cent from
      Reuter  -  467 words
    • 278 7 Reuter THE FIJIAN dollar has b««n davalued by 15 25 par cant against a basket of major currencies, the Reserve Bank announced. It was the second devaluation in four months. The Fijian currency was devalued by 17.75 per cent on June 29. The brief
      Reuter  -  278 words
    • 261 7  -  By LEONG WEN WAH SOUTH AUSTRALIAN Brewing Finance Ltd (SABF) has signed a three-yaar Asloo million dual currency As/US$ Euronote issuance facility. SABF is the group treasury arm of S A Brewing Holdings group of companies, one of the largest brewing groups in Australia.
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  • Page 7 Advertisements
    • 102 7 KEPPEL HOUSE SINGAPORE FOR SALE BY TENDER I 1 V r i "i* MS3§ z=DI~JI^J A modem 5-storey office bonding with car park Situated on the fringe of the Financial District, next to the IBM Towers ana one of the busiest ports in the world. Onty a tew minutes' wa*
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    • 195 7 19* -J INTRODP lOVANNI'S 1 ITALIANS' Qiovanni's done it again. He s come up with a whole new concept for an Italian style lunch in the afternoon. It consists of a special Antipasto Buffet, unlimited Oyster and Salad Bar, Soup, Cheese and Dessert Buffet. The main course includes six different
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  • COMMODITIES
    • 415 8 Bernama ES MALAYSIA'S annual production of polystyrene resins, currently at about 15,000 tonnes, will more than double to 30,000 tonnes with the completion of the proposed MS 15 million high-impact polystyrene plant in Tampoi. The plant, built by Petrochemicals (M) Sdn Bhd, a leading Ma-laysian-Japanese
      Bernama ES  -  415 words
    • 329 8 Bernama THERE IS a critical need to adopt appropriate technology in post-harvest operations in South-east Asia to prevent grain deterioration, according to Malaysian Deputy Agriculture Minister Kassim Ahmad. He said on Tuesday there was increasing concern among governments in the region over grain losses occurring at various
      Bernama  -  329 words
    • 110 8 Oana-Bernama THE TIN INDUSTRY looks set to benefit from a newly developed "fuming process" following successful tests by the South-east Asia Tin Research Development (Seatrad) centre in Ipoh. Seatrad centre director associate professor Chadap Padmasuta, in disclosing this on Tuesday, said he was confident the
      Oana-Bernama  -  110 words
    • 471 8 AP OPEC PRODUCTION fell by an estimated one million barrels a day last month, but still is about 2.4 million barrels over the cartel's self-imposed ceiling, according to the Middle East Economic Survey. The respected oil weekly, published in Nicosia, said on Monday
      AP  -  471 words
    • 281 8 Chinese Produce Kuala Solongor 3,650 Exchange BatU PaTvcrt EST 3700 3,650 ScHift' noon doting pcfc Oct 7 (SS/100 kg) bm on FO# 3700 Coconut oil 95.00 105.00 Coffee iM$/iookg) No 1 725.00/750.00 kft F06 OM drum FOB No 2 698.00/733.00 Now drum FOJ 109.00 Bangkok Copra Oodng prtoM
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    • 117 8 SOYBEAN FUTURES on the Chicago Board of Trade closed 2% to US cent lower on Tuesday, with September unchanged, as November closed two cents lower at U555.37% a bushel. Prices opened lower, then gradually worked lower as November tested support at US$5.3B The spot month broke late before recovering
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    • 101 8 YESTERDAY was S thin trading day as most potentisl buyers and sailers appeared cautious in the face of developments in the Arab Quif, with Iran reported to have attacked the Saudi Arabian Port of Ras Tenure. Rumours circulating of Saudi intention to sell its crude oil at
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    • 101 8 THE PRICE Of TIM on Dm KLTM r«M 11 canto to MJ17.01 a kg yesterday on scattered local, Europ—n and Japanese buying IntereeL There waa itrang Inter* eet from overseaa buyers at tie start of trading, but after the price started to move up. Yeetecdey'e rtee puehed die
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    • 231 8 SINGAPORE The market closed steady yesterday with November One RSS buyers quoted at 220.25 cents a kg, unchanged from Tuesday's close. The morning session lost 0.50 cents on some profit-taking after the market's recent firmness In quiet trading. Trading in the afternoon was quiet but prices recovered on renewed
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    • 78 8 (canh/kg, 1-ton poAds) NOVEMBBt 87 DECEMBER (currant month) (forwcN rd month) RAS NOON *-•> NOON lw«n Wi«i SSt 30 31X30 315-50 31X50 315 JO SSI 50 313X0 314X0 21X00 214X0 Lklffl Bvywt Saflan SMI CV 37X00 275.00N 274X0 Sdora 276X0N SMt L 372X0 274.00N 27X00 375X0N SMI
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    • 259 8 RAS prices msc anta/kg, FC IS NOON CLOSE Int 1 RSS Prompt w 221 JO 222JON usrfwn 221 JO 222JON knf 1 RSS Nov 87 219.75 220.25 220.25 ***** In* 1 RSS Dk 221.00 221 JO 221.25 ***** fat 2 RSS Of 218JO 220J0N 219.25 221.25N Int
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    • 114 8 WHEAT FUTURES on the Chicago Board of Trade closed 2% to ft US cent lower on Tuesday, with December off 2ft cents at USs2.96ft a bushel. Prices closed in the middle of a moderate trading range with commercial buying lending some late support. Commercials bought December late, and locals
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    • 449 8 Crude palm oil futures closed easier in vary sluggish trading yesterday on the Kuala Lumpur Commodities Exchange (KLCE) in the absence of fresh leads. Traders said Pakistan's presence in the market did not help in boosting sentiment as the Chicago Board of Trade and the Rotterdam produce markets
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    • 402 8 HONGKONG: The metal cloeed firmer yeeterday on late oversees interest buying following weaknees in the US dollar, dealers said. They named Swies and American commission housee aa buyers of the metal, while local in vectors were reluctant to take positions ahead of a local holiday today. Bullion ended
      402 words
    • 326 8 London Dk 355/357.5* (1156/1158T Commodity Exchange Bvy®f/S#W#f dodng pftni on Jan 367.5* (370*) M'tfan 880 F08 Ckt 337J* (337J*) Nn 335pd (—1 3-monlhi Tan* Idlo 1136/1138 (1137/1139)- 1159(1155 Sato* (28)" Oct 6 (£/fonno ur Prwvtow dosing pi CofVaa ii i Iff ill ipSODfO 1 rtao» In Oa/Now/Dac M'rian
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  • Page 8 Advertisements
    • 122 8 Have Something Swiss... A superb variety of ruts? Shredded meats veal, venison, pork fillet, beef fillet and chicken cooked to perfection and flambed at the tableside. A superb meal enhanced with cream sauce, mushrooms, buttered noodles and roesti potatoes. EMINCES Swiss favourites. At only $15. In the cozy ambience of
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  • FOCUS
    • 1506 9  -  Since the abortive coup of August, Manila has been redoubling its efforts to revive the economy. But political uncertainty and foreign debts are clouding prospects, writes Regional Correspondent BRIAN GOMEZ in this second of a three-part series on the Philippines BRIAN GOMEZ THE
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    • 786 9 MAKATI, the commercial hob of the Philippines, was the most advanced business district in South-east Asia in the *****. But a visitor going back to the Manila commercial centre two decades later would find that time had virtually stood still there. After becoming the first
      786 words
    • 430 9 CEBU, the queen city of the south, has been the main economic beneficiary following the political and economic trauma that has engulfed the Philippine capital of Manila in recent years. This is not surprising, considering it is the largest city after Manila,
      430 words
  • Page 9 Advertisements
    • 145 9 IN PENANG-A FIRST CLASS HOTEL AT AN AFFORDABLE PRICE. jtejv The Shangri-La Inn Penang brings to the heart of Georgetown a standard of service never before seen in Penang. Its 426 guestrooms 16 suites feature the finest in amenities. And being centrally located in the heart of Georgetown is the
      145 words
    • 25 9 On Monday: The country's political outlook, and the threat from the militant right and left wings will be assessed In the third and final Focus.
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    • 110 9 QUALITY BEFORE YOUR EYES •i A m§ umuti mm iff* We have600solutions for every eye condition. The ways of correcting vision defects has nearly no myopia rings to make your are as varied as the defects themselves, face look distorted. And even for extremely That is why we have 600
      110 words

  • PERSPECTIVE
    • 485 10 LAST WEEK, US Treasury Secretary James Baker suggested that industrialised nations employ an index of commodities prices to help manage the global economy and foreign exchange rates. The index Baker mentioned gold as a possible component would serve as a proxy for inflation. For instance,
      485 words
    • 1050 10  -  Tissue companies in the US are casting covetous eyes on marketing opportunities in Europe. LISA WOOD reports on the restructuring of a growing sector of the paper industry. LISA WOOD FT THE EUROPEAN COMMUNITY, according to US tissue makers such as Scott
      FT  -  1,050 words
    • 858 10 Reuter BARRIERS that have kept foreigners out of Japanese telecommunications are giving way, giving overseas firms a toehold in an area with huge potential for profits. A consortium, including Cable and Wireless PLC of Britain, applied at the end of September for a licence to
      Reuter  -  858 words
    • 818 11 AP CAMBODIA'S main guerilla group, the Khmer Rouge, has rejected a proposal for peace talks with the Vietnam-backed government, diminishing hopes of settling the nine-year conflict. Cambodian resistance leader Prince Norodom Sihanouk, whoee own resistance group is outside the Khmer Rouge but is forrftally
      AP  -  818 words
    • 841 11  -  Fears of an increase in interest rates have struck the stock and bond markets. Some analysts feel that such a possibility will be realised, what with oil prices rising, and commodity prices recovering from a slump. STEPHEN ADDISON examines the prospect. STEPHEN ADDISON
      Reuter  -  841 words
    • 672 11 AP LITERALLY drop by drop, an experimental irrigation technique is turning the world's driest desert into emerald-green farmland, producing grapefruit the aize of bowling balls and a wide variety of other crope. Agricultural experts say the government-financed project
      AP  -  672 words
    • 459 11 Reuter ITALY, the world's biggest wine exporter, is fighting to change its image and convince the world that there is more to Italian wine than cheap plonk. Italy is still suffering the effects of a wine doctoring scandal in April
      Reuter  -  459 words
  • Page 10 Advertisements
    • 332 10 on achievement Business 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 1967. And we are
      332 words
  • Page 10 Miscellaneous
    • 682 10 CRYPTIC PUZZLE AC*OSS 1 Like a tune of arresting nature (6) 7 Bit of a snack the dog had, it's true (8) 8 He went to war (4) 10 Frank and Ed started (6) 11 Figures allowed for an artist (6) 14 Valentine's boy (3) 16 To cry as a
      682 words

  • Page 11 Miscellaneous
    • 1299 11 to vm mm lis 12 7JO PM SBC Text Sample Poget. 7JO Opening and Programme i-M J L u TV— 'Oikjwoq oy inv iww CrOSSwitS. OJO The Story Of Fashion The Art And Sport Of Foshion (Sao OJO Homo To Roost Bod Apples. Ttw deferences In ago and taste between
      1,299 words
    • 83 11 fCAMPACW Japanese Restaurant S w Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16 per set, they
      83 words

  • SPORTS & LEISURE
    • 821 12 NYT THERE IS ONE thoroughbred prize fight that every racing fan wants to see this year: Java Gold v Alysheba, at 10 or 12 furlongs on a dry track, for the undisputed Championship of America's three-year-olds and the Horse of the Year title. Everything
      NYT  -  821 words
    • 214 13 AFP ENGLAND'S players have been ordered to cut out the moaning as John Emburey, their experienced off-spinner, faces a make or break bid to be fit for his country's World Cup opener. Micky Stewart, the England manager, has told his squad members to try and
      AFP  -  214 words
    • 96 13 Reuter MANINDER SINGH, the left-arm spinner India sees as the successor to Bishen Bedi, took a match-winning five for 23 on Tuesday in the last of his country's practice matches before the World Cup. India beat Tamil Nadu by eight wickets, bowling them out for 123
      Reuter  -  96 words
    • 241 13 AFP RAIN AND POOR LIGHT could not stop John Wright and star batsman Martin Crowe spurring New Zealand on to its second World Cup warm-up match win in three days in Hyderabad on Tuesday. Despite the early loss of 76 minutes and 11 overs
      AFP  -  241 words
    • 450 13 AP EMERGENCY STARTER Greg Mathews blew away pressure and the Giants, pitching four-hit ball for 7 1-3 innings and blooping a key two-run single on Tuesday night as the St Louis Cardinals beat San Francisco 5-3 in the first game of the National League playoffs.
      AP  -  450 words
    • 281 13 UPI EVEN a national landmark on the banks of th« Mississippi reflects how much baseball means to the city of St Louis. In the old courthouse, where a slave named Dred Scott once sued for his freedom, a 1909 photograph depicts a sign over a
      UPI  -  281 words
    • 204 13 AP FOURTH-SEEDED Ramesh Krishnan of India showed he is just as adept indoors as on grass when he beat West Ger-many-based Christian Saceanu 6-4, 6-4 in the first round of the US$l5O,OOO Queensland Open Tennis Championships on Tuesday. Krishnan spearheaded India's 3-2 Davis Cup semi-final victory
      AP  -  204 words
    • 548 13  -  Jranklif, speaking.... by WALTON MORAIS IN THE DARKEST HOUR of American sports history, the reaction of the golf official suggested that, like art, sport too imitates life. Reacting to criticism that its exempt rules have made the American professional golf circuit too insular,
      548 words
    • 213 13 AFP WORLD NUMBER ONE Ivan Lendl, beaten during his last appearance in London by Pat Cash in the Wimbledon men's singles final, will be aiming to put the record straight in the Wembley Championship next month. Lendl has entered the U*****,000 tournament
      AFP  -  213 words
    • 268 13 Reuter SECOND-SEEDED American Tim Mayotte easily defeated American wild card entry Jonny Levine 6-4 6-1 to advance to the second round of the U*****,400 Scottsdale Open Tennis Tournament on Tuesday. Mayotte, ranked 15 in the world, outplayed Levine. ranked 288, with his strong serve and
      Reuter  -  268 words
  • Page 12 Advertisements
    • 927 12 ?;T, i PS...,; c-v. 'ji H 9? T SS R> SS M5IPHKB r, V '■(_)T(.JW •IM i> 2 Grills Greens tt ■V k A choice of 18 salads, five cold cuts, soup, three roasts, eight grills 12 desserts. What more could you ask for? The entire buffet spread is yours
      927 words
    • 120 12 Cafe Excdslor presents ACasnopokanFM. V BUFFET LUNCH OCTOBER I 31 It s the talk of the town! A lavish spread of roast meats from the wagon, seafood. Continental speciality dishes, tasty soups delightful cold dishes, refreshing salads and irresistible desserts from the world over. An unending choice at Fashion Show:
      120 words

  • Page 13 Advertisements
    • 200 13 IK "O Traditionally Japanese. •Traditionally Unkai. Sample the delicacies of Japanese cuisine, sashimi and teppanyaki. Four tatami rooms are availaPle for private parties. Located on the 2nd floor. Open 12 noon to 3 pm. *6.30 pm to 11 pm. free'parking s A© Centurv Park Sheraton Singapore 16 Nassim Mil. Singapore
      200 words
    • 199 13 SZeaKJHTC 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 Weshn Plaza lUffles City 2 Stamford Road, Singapore 0617. Westin hotels Resorts THE PEOPLE AND PLACES
      199 words

  • STOCK EXCHANGE OF SINGAPORE

  • COMPANY NEWS
    • 583 15 mm mm*** HOCK LOCK SIEW THE FLASH sstimate of third quarter GOP which is due shortly should confirm what the rscent batch of corporate interim results has amply demonstrated: comfortable economic growth has been re-instituted in Singapore. The latest round of corporate earnings
      HOCK LOCK SIEW  -  583 words
    • 266 15 THE HONGKONG ARM of the diversified Sime Darby group is on an acquisition trail to increase the scope of its business. Sime Darby Hongkong's managing director Michael Elphick was quoted by the South China Morning Post as saying that the company was looking for
      266 words
    • 467 15 Bernama UMW CORPORATION Bhd is confident of returning to profitability in the first half of next year after having sustained losses since 1964, its group managing director Shiew Wan Shing said yesterday. He said the group can now look forward to a
      Bernama  -  467 words
    • 697 15  -  THE MONTH THAT WAS By CORRINA LIM TRADING VOLUME fell sharply in September as the Singapore stock market went through its longawaited consolidation, after several months of almost uninterrupted rises. The catalyst sparking off the market correction could be traced to the
      697 words
    • 463 15  -  Latest addition reported to have cost more than US $200 m By NAJEEB JARHOM THE SULTAN of Brunei's fancy for luxury hotels has taken him to Hollywood, USA. His latest addition is the 260room Beverly Hills Hotel in Los Angeles, California, for a
      463 words
    • 287 15  -  t>y Corrina Lim AFTER A FULL-DAY hearing, the High Court indicated yesterday an injunction preventing Transmarco Ltd from completing the sale of The Hour Glass to Dr Henry Tay and his wife Jannie Tay will be lifted. Judicial Commissioner Chan
      287 words
    • 438 15 AS PART of an internal reorganisation, Rothmans of Pall Mall (M) Bhd is hiving off its tobacco manufacturing and marketing operations into two whollyowned subsidiaries. Under its proposed reorganisation, Rothmans will trsnsfer its tobacco manufacturing operations to Tobacco Importers and Manufacturers Sdn Bhd (TIM)
      438 words
    • 265 15 Manoger»' prices for Oct 8 Singapore Unit Trust T)»Cowrc« 1-23 IJO Tho Sovmgs hind 1.10 1.17 S'pora frog Fund 0.4V 053* S'pora Sac Fund 0X3 0J9 S'pora Invwt Fund 0*3 Of* S'pora Equity Fund 0-62 OA? DBS Bank Shanton Gr Fund Japan Gr Fund Shonton Thrift Fund UOB
      265 words
    • 119 15 Bernama ES TDM BHD will take up 333,000 shares of Msl each at par in Pelangi Air Sdn Bhd, representing 11.1 per cent of the airline's equity. TDM managing director Datuk Abdul Rahman Hamzah said he will represent TDM's interest on the board of
      Bernama ES  -  119 words
  • Page 15 Advertisements
    • 73 15 WTBUM TONAL TRUST t M I IN (Incorporated in Singapore) ii H Pursuant to Article 32(4) of the Articles of Association of the Company, it is hereby announced that from declarations received by the Company as at the end of the third quarter of 1987, beneficial ownership of the issued
      73 words
    • 48 15 iIEI Finance Co Ltd FIXED DEPOSIT 3 urths 4.00* p.a. 6 nrths 4.00% p.a. 9 nrths 4.25% i.i. 12 urths 4.50% p.a. V Hire Purchase Industrial and Commercial Machinery Construction Equipment Properties Share Loans 116 Middle Road #03-01 ICB Enterprise House Singapore 0718 z Tel: *****81, *****04, *****87
      48 words

  • REGIONAL MARKETS
    • 3045 16 SHARE PRICES on the Kuala Lumpur stock market succumbed to profit-taking and closed broadly easier in active trading yesterday. The falls, however, were marginal and mostly off the day's lows. Except for a handful of quality counters which chalked up double-digit gains, other sectors
      3,045 words
    • 1352 16 Hongkong SHARE PRICES cloeed higher yesterday after falling initially, mainly supported by late morning bargain-hunting The Hang Seng Index gained 29.69 pointa to 3,936.13 against an earty low of 3,646. and the Hong Kong Index was up 16.61 at 2,609.09. But trading fell slightly with turnover dropping to
      1,352 words
    • 382 16 Reuter SHARE pricee closed lower on the Tokyo market yesterday, but off early troughs, in heavy trade as the market caught a mild doee of Wall Street's sicknees on Tueeday, brokers said. The 225-share index lost 136.70 points to 25,952.27 but earlier slumped to 25,760.96. On Tueeday It climbed
      Reuter  -  382 words
    • 423 16 Reuter THE AUSTRALIAN share mark*! cloaad sharply waakar ysalsrday but off tha day's lows as wtdaspraad sailing prasaura forcad prloss down In Una with tha largsat avar ona day fall on Wall Straat ovarnight Waakar cruda oil prtcas and tha 91 .56-polnt fall in tha Dow Jonas sparkad narvouanaas
      Reuter  -  423 words
    • 148 16 THE SECURITIES Exchange of Thailand Index "canT^..^!!^ 1190 333 •e 4-2 dropped 4.74 to 453.17 on a turnover of 7,760,143 shares worth 1,364.23 million baht Reuter OCT 07 BAHT Inl Cowwttc. Jalaprrthan Cant* MaboanMwwtg..... PubillNOQ 8*» Urtfon. Sinn Cimint j«yq» 2021 Mt MS 'Z.'m 206 —4B4 MSI 1004 -40
      148 words
    • 50 16 OCT m wob MMM IBM QQDfi L00 1.82 •0 82 1 -0006 1 r* 187 88 •a B*ngu*t Con. B Fir* PhM HM0> Lap* mo B 120 uneh sun* 0*rt>y »1 10.90 0.28 Burtgao Con B 0.26 uneh 0.81 +0.01 Miph Marcopp*' 2 uncn Vulcar. 0 032 u iwk
      50 words
    • 140 16 Reuter THE SECURITIES Exchange of Thailand moved to steady the rally of the Thai bourse this week, warning investors against speculation based on rumours. Exchange president Maruey Phadungsith said an unprecedented 43.7 point advance of the official exchange index in the last six sessions
      Reuter  -  140 words
  • Page 16 Advertisements
    • 580 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 80 AND IN THE MATTER OF ODONNELL GRIFFIN SINGAPORE PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 906 of the Companies Act, Cap. 50, that a Final Meeting of the Members of
      580 words
    • 335 16 IN THK MATTES OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF UITEC PARTRIDGE FOWLER SERVICES (SINGAPORE) PTE LTD (In Member*' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companlee Act, Cap. 60. that a Final Meeting of the Members
      335 words
    • 542 16 IN THE MATTER OF THE COMPANIES ACT, CAP 80 Pursuant to Section 290(1) (b) SFE CONSTRUCTION SERVICES PTE LTD On 2nd October 1867, the following pedal resolutions set oat below were deemed to be duly passed at an Extraordinary General Meeting of SFE Construction Services Pte Ltd, pursuant to Section
      542 words
    • 543 16 ijTTr5TT*7Ti77T*r PROPOSAL TO CHANGS OF SHIP'S NAME We, Poseidon Marine Transport Pte Ltd, hereby give notice that In oonsequence of the intended purchase of the motor ship "HAKATA MARU", have applied to the Registrar of Singapore Ships, ander Section 417 of the Merchant Shipping Act (Chapter 172, 1970 Edition), in
      543 words

  • WORLD MARKETS
    • 875 17 New York Reuter WALL STREET stocks posted their biggest one-day decline in history on Tueeday, spooked by fears of higher interest rates and a widely-followed technical commentator's prediction that the Dow Jones industrial Average was due for a short-term drop. The Dow Industrials fell 91.56 points to
      Reuter  -  875 words
    • 768 17 London Reuter EQUITIES were marked down quit* sharply in «arty trading on the London iparket yesterday following the largest ever one day fall on Wall Straat oversight, where fear* of higher interest rates sent the Dow Jones average down 91.55 points. On Tueeday, the FTSE 100 waa
      Reuter  -  768 words
    • 1150 17 Selected indices HONGKONG All Industriali Hongkong Index WwtaMdoy *****? TuMdoy 2590 28 WMk ago 2613.86* Hang Seng Index WadnMdoy *****3 TuMdoy *****4 WMk ago 3943 64* WadnMdoy TuMdoy WMk ago NEW YOtK Dow Jones TuMdoy Monday WMk ogo ***** 3356 2 ***** *****3 *****8 *****7 TOKYO Nikkei Average WadnMdoy *****
      1,150 words
    • 120 17 Reuter AUSTRALIAN property group Hooker Corp Ltd has acquired a 56 per cent stake in US department store chain B Altman and Co for an undisclosed sum. Hooker said in a statement that it bought the majority stake from an investor group which acquired
      Reuter  -  120 words
    • 917 17 Household-name stocks have high P/E ratios > Wall Street a a NYT AS IF investors were not nervous enough, Tuesdsy's blue-chip slaughter the Dow Jones InDustrial Average plunged a record 91.55 points renewed debate over just how safe the current stock market ia. Investors are
      NYT  -  917 words
    • 658 17 Reuter FIERCE competition for lucrative telecommunication# equipment orders is liksly to bring mors mergers and fivs or six players could soon dominate a US$lOO- global market, induatry analysts say. A merger of telecommunications business between British electronics firms Plessey Co PLC
      Reuter  -  658 words
    • 141 17 Reuter AMERICA'S Securities and Exchange Commission chairman David Ruder said he will make a trip to Japan at the end of the month for discussions with Japanese finance and exchange officials. The trip will mark the first time an SEC chairman has travelled to
      Reuter  -  141 words
    • 160 17 Reuter THE LOWER House of the Swiss Parliament, which was scheduled to meet yesterday. is likely to agree to outlaw insider trading, a move expected to eliminate a source of long-running tension with the United States, according to parliamentary sources. The Upper House gave
      Reuter  -  160 words
  • Page 17 Advertisements
    • 77 17 s r IH v. K our musical dynamos from the Philippines are now making waves at the Cathay Restaurant You'll like what you hear, and hear what you like The soothing, satm sounds that distinguishes Cathay as the Chinese restaurant with the international supperclub ambience Come experience this wonderful combination
      77 words

  • 578 18 Reuter AFP INDIA yeaterday ordered its 11,000 peace-keeping troope in Sri Lanka to quell an explosion of Tamil separatiat violence that haa killed nearly 100 people and ahattered the ialand'a fragile ceasefire. A government spokesman in New Delhi said the troope had been
    Reuter; AFP  -  578 words
  • 460 18  -  Marina Square now has two anchor tenants By GENEVIEVE CUA MARINA SQUARE take* another step toward* rivalling Orchard Road as a shopping contra with the opening today of Japanese retail giant Tokyu Department Store. -> Just five weeks ago. Singapore retail chain Metro opened its
    460 words
  • 301 18 AFP MILITARY LEADER Colonel Sitiveni Rabuka yesterday named a 19-member interim government dominated by pro-Melanesian -politicians to steer Fiji back to civilian rule after proclaiming the island nation a republic. Colonel Rabuka went on mili-tary-controlled Radio Fiji to name his interim government after making an
    AFP  -  301 words
  • 196 18 UPI VIETNAMESE forces trapped a Cambodian reeistancs unit in a swamp and pounded them with heavy weapons, killing 40 and wounding 32 in the worst single day lose for the guerillas this year, a reeistancs officer aaid yeetorday. The officer, who asked not to be
    UPI  -  196 words
  • 119 18 Reuter CHINA said foreigners should keep out of Tibet becauss of the risk of mors dlsturbsncss after last week's riot, but there wars no immediate reports of unraat ysatarday deepite a forecast of separatist proteats. Tibetan separatists had predicted demonetrationa to mark
    Reuter  -  119 words
  • 239 18 Reuter INDONESIA is disappointed with its export quota allocation set by the International Coffee Organisation (ICO) and will press for an increase in the future, a government official said in Jakarta yeeterday. The Indonesian Cabinet met to discuss ths allocation, which raises Indonesia's
    Reuter  -  239 words
  • 260 18 AFP HONQKONQ governor Sir David Wilson said yesterday that US trade protectionism would be high on the agenda in talks later this month with officials in Washington. In a state-of-the-territory speech before Hongkong's Legislative Council, Sir David warned that US protectionist measures threatened the
    AFP  -  260 words
  • 384 18 Reuter NOBORU TAKESHITA, s 63-year-old former finance minister who has consistently come last in popularity opinion polls in recent weeks, looks set to win the Japanese premiership later this month, political analysts say. The Prime Minister ia the elected preeident of the
    Reuter  -  384 words
  • 100 18 Reuter COMEX GOLD FUTURES yesterday nudged through Tuesday's highs on early buying against a lower dollar and on news of the Iranian gunboat attack on a Saudi Arabian tanker in the Quit December gold was marked up US$2.3O at U*****.00 an ounce, adding to the upward
    Reuter  -  100 words
  • 88 18 Reuter WALL STREET STOCKS continued broadly lower yesterday but the blue chips showed s gain after s record drop on Tussdsy and further losses in early trading. Brokers say bargain-hunting appeared in the most hard-hit blues, but worry continues about rising bond yields. The Dow 30 was
    Reuter  -  88 words
  • LATE FILE
    • 55 18 AFP THE US Sanata's judiciary committee daalt Prasidant Ronald Raagan anothar aar ious political blow on Tuaaday in reacting hia nominaa for a vacancy on tha US Buprama Court Tha committaa votad 9-6 against tha nomination of Judga Robart Bork. 60, whoaa conaarvativa viawa hava
      AFP  -  55 words
    • 37 18 Reuter MITSUBISHI Elactric Corp aaid a Fadaral Appaaia Court in Washington haa rulad that tha Mitaubiahi doubla-aidad flaxibia disk drivsa aold in tha US do not infringa a patant of Tandon Corp.—
      Reuter  -  37 words
    • 43 18 UPI US OFFICIALS in Tokyo andsd two days of talks with Japan yaatarday on axporti of sanaitive goods and tachnology to tha aaatarn bloc, dadaring Japan a "full partnar" in afforts to avoid anothar Toshibs acandal. UPI
      UPI  -  43 words
    • 33 18 Reuter BANGLADESHI opposition leaders intend to lay siege on Dhaka next month deeptte government warnings. Proteeters will besiege offices end toroe the President Ershad to reeign. Reuter
      Reuter  -  33 words
    • 31 18 Reuter SAUDI ARABIA'S King Fahd told visiting Opec ministers that his country was sticking to its Opec commitments, the official Saudi Press Agency (SPA) said. Reuter
      Reuter  -  31 words
    • 28 18 Reuter INOONESIA is building s new business partnership with Seoul, tapping South Korean investment snd technology to help develop its natural resources. Reuter
      Reuter  -  28 words
  • Page 18 Advertisements
    • 24 18 Vyi 1 Nr V > r <> i>. i.. PATEK PHILIPPE GENEVE Wak/us" of Switzerland 6 Scotts Road 01-16 Scotts Singapore 0922 Tel. 737 37 08
      24 words
    • 503 18 Dont miss the most important management event of the yeari SIM '87 Annual Management Lecture The Future of Information Technology: Impact and implications for buainaaaaa and managars Speaker fIL JOHN DIEBOLD "FATHER OF AUTOMATION" John Diebold, internationally-acclaimed leader in the fields of information technology and management, first made his reputation
      503 words

  • SHIPPING TIMES
    • 614 19  -  By JUNE LIM AFTER having failed in its attempt to raise rate levels this year to what it considered to be a more acceptable level, the Transpacific Westbound Rate Agreement will make a fresh bid in 1988. However, the increases for US
      614 words
    • 387 19 UPI JAPAN has decided to set aside about US$lO million to protect shipping in the Persian Gulf and expand financial and technological aid to nations along the waterway, government officials said. The decision was reached at a meeting held by
      UPI  -  387 words
    • PORTSIDES
      • 117 19 AT LEAST 75 Dominicans apparently trying to enter US territory illegally died when two boats capsized en route to Puerto Rico, a television station reported. Civil Defence director Eugenio Cabral and television reporters said they saw sharks eating bodies when they flew over the area in small
        117 words
      • 124 19 AFP A NORTH KOREAN Navy ship opened fire on a South Korean fishing boat early Wednesday, sinking the vessel and leaving 12 fishermen missing. South Korean government maritime officials said. One fisherman was rescued by the South Korean Navy after the "indiscriminate" attack. The Chinying,
        AFP  -  124 words
    • 746 20 Reuter INTERNATIONAL shipowners show few signs of abandoning Hongkong as a British port of registry even though the Hongkong colonial register has only three or four years left to run, shipping sources said. Under the agreement on the return of Hongkong to
      Reuter  -  746 words
    • 296 20 AP THE PERUVIAN Navy has agreed to build 80 ships and tugs for the Soviet Union in a transaction that could include a debt-for-goods arrangement. Analysts said the plan, which still requires government approval, represents a strengthening of ties between Peru and the Soviet
      AP  -  296 words
    • 728 20 AB Shpfl V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean IX 4 Ailtrans 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
      728 words
    • 1397 20 MUCH quietsr chartering it reported throughout most Motions of the freight market on Tueeday with little change reported in rates, shipbrokers said Grain shippers paid about U5511.25 from the US Gulf to Seaforth while $28.40 was agreed for bagged wheat flour from the Guff to Egypt On the
      1,397 words
    • 272 21 Lloyd's List STRIKES in Spanish ports last year, over government attempts to overhaul the way stevedores are employed, lifted the country to the top of the Transmarine Strike Club's league table of industrial blacks pots. It took over from Australia which,
      Lloyd's List  -  272 words
    • 212 21 Reuter CSX CORP said its increase in third quarter earnings of 23 per cent to US$95 million from US$77 million in third quarter last year, was mainly attributable to strengthened transportation results. The company, which operates through four divisions involved in transportation, energy, technology
      Reuter  -  212 words
    • 219 21 AP A MERCHANT ship has been dispatched to the Antarctic with material to construct South Korea's first base on the southern continent. South Korean newspapers said the 12,000-ton cargo ship Hyundai No 1200 departed on Tuesday from the southern port of Ulsan
      AP  -  219 words
    • 62 21 A NEW coast earth station at Maadi, Egypt, has started operation with the Inmarsat system. The station is the 20th coast earth station and the first on the African continent providing maritime communication services via Inmarsat. The Maadi station is capable of providing high quality and
      62 words
    • 143 21 AFP THE HONGKONG Shipowners Association urged the United Nations to impose an arms embargo on Iran and Iraq after two Hongkongowned supertankers were attacked by Iraqi jets in the Gulf on Monday. "We are naturally concerned about the incident and naturally
      AFP  -  143 words
    • 221 21 ALL SURVEYS were conducted on Sep 14 Argentina Buenos Aires 25 vessels operating. Auetratla Brisbane, Melbourne and Sydney Normal operation. Bangladesh Chittagong 30 vessels operating. Brazil Santos Normal operation. Cameroon Douala Normal operation. Canada Vancouver (British Columbia) Waiting time of up to three weeks. Chile Valparaiso Normal operation.
      221 words
    • 291 21 AFP THE UNITED STATES Coast Guard plans to send a "handful" of patrol cutters, helicopters and small airplanes to the Gulf to help Navy forces there, US Defence sources said. The move marks the Coast Guard's most distant deployment since
      AFP  -  291 words
    • 8953 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
      8,953 words
    • 1264 27 AT CONVENTIONAL WHARVES Berth Arrival Departure KEPPEL WNARVE8 K,# oionQwl* 0610/0600 KZS olongside 0610(0*00 r 8 1(30 alongside 0610/1000 J 0 Gwy US olongsid* 06 10/1700 frotosonios K36 alongside 0610/1200 I™. K3 olong»de 0610/2300 Jon,ko KI6 olongside 0810/0600 Koto Wong*, K3I olongsioe 09 10/0600 02 olongsid* 09
      1,264 words
    • 140 28 ArM/Port Viscosity Density Wstsr C8T at 50C Q/ML at 15C Vokimo 0/0 Africa/Red 8m Joddoh 45/196 0.929/0.974 0.1/3.5 Durban 145/186 0.980/0.993 0.0/0.8 Arabian Gulf Ros Tanoro 105/110 0.941/0.941 0.1/0.3 Bahrain 132/199 0.965/0.976 0.0/0.1 Europe Rotterdam 26/530 0.943/1.009 0.0/1.8 Hamburg 33/406 0.946/0.990 0.0/13.8 Ls Havre 186/362 0.969/0.988
      140 words
  • Page 19 Advertisements
    • 715 19 AiV\ f i\\ JyU \/i,J Vi H«h S.K. Asia upset the logical West HILARIOUS TRAGIC dangerous Available at all Good Bookshops STP Distributors 2 Jurong Awt Road Sipno— 22*1 OOCL ORIENT OVEIQEAS Clitcim* LIME North amfrica Atlantic express <rouno tHe world routings EXPORT WW/ X.NE SNIFFING AGENCIES (R«|. No. M2K4/
      715 words
    • 77 19 [IGMDB INTERNATIONAL shipowners show few signs of abandoning Hongkong as a British port of registry even though the Hongkong colonial register has only three or four years loft to run. Pag« II STRIKES In Spanish ports last year have lifted tho country to tho top of tho Transmarine Strike Club's
      77 words
    • 558 19 )!-?.{!"|<{{)+'+_,>_*:?!$\>[&]] I*l MAERSK LINE TRANSIT TIME TO CHARLESTON REDUCED BY 5 DATS 39 DAYS FROM SINGAPORE 34 DATS FROM PORT KELANG 33 DATS FROM PENANG The week Andee M Ctoamg Tsne CY 14/10 2300 MRS CFS 14/10 1300 HRS AXEL M CEOLEM LUNA M ARTHUR M Elhci wee* A«l M
      558 words

  • Page 20 Advertisements
    • 428 20 fcZZf COMPAGNIE MARITIME D AFFRETEMENT regular container service nr FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO NORTH CONTINENT IEgBECHS I m n—^ ■LVlijJ.'i FELIXSTOWE ETA ROTTERDAM HA EZuiEEI Xwra Scandinavian (AartM, ftpsMf. U#w*wi) and etJter Emiw Inland points > West Africa* EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/ MARSEILLES 16
      428 words
    • 17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 390 20 MTO MARITIME TRANSPORT OVERSEAS GMBH EUROPE/FAR EAST CONVENTIONAL SERVICE Furttwr toad/dtocharging poet* en route subject to euftaent inducement M*ya» Mv*m TrMparl ftfeyat S* BM. T* *****0 Tk 201 It MM Fat *****02 Ma Tnwt MmmmM (S PM. TM 221S2MV B 43MTMEA fa fau ******5 CHARGEURS REUNIS y *ia-y d;».'d;t'i>:: N
      390 words

  • Page 21 Advertisements
    • 829 21 The Straits Steamship Group f STRAITS SHIPPING r Slnjipwi to Sibih, Sarawak, Brunei Poets and Bangkok i ft CASUS PROGRESS VMM PEGASUS RROCRESS VB2N CARSIGAN MY KNAVOM TtHAGA BAT tokio amss NMMON lAV FRAMVUtT antes OSAKA BAY lUTAHO HAJtU LAMS SAT Also Accepting Cargo For: Haatorf Capmtefm. Aartws. CoOwnteirf. 4aWar4aai
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    • 492 21 I m.ll EUROPE SENATOR LIME Gwiml Agwfc B USA/PANAMA I 11.11 11.11 tl.ll 14.11 K.U an I .1 o "rrrs 11 a If 11 MIIWI rr TO USA/CANADA WEEKLY FULL CONTAINER SERVICE iFrwrnrrir'MMi'/.M mcuEißniTTri iBVViTTILJj.'BCTf »r.f LINEHAUL P. GRANT V7S P. GARFIELD VS P. ROOSEVELT V3O P. JOHNSON V 132
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  • Page 22 Advertisements
    • 310 22 CONTAINERSHIP SERVICE TO UK/CONTINENT COPENHAGEN, AAHHUS, OOTHCNtUK, MALIK), HELSINKI, OSLO. AMSTERDAM CARIBBEAN SS. AMERICA CONV SEMI CONTAINER SERVICE TO EUROPE CONV SFMI CONTAINER SERVICE TO MED EUROPE SP PK PEN TRIES LEX IILBAO HK I'HAVEN MB llflß 4/11 15/11 22/11 a/11 I*ll CONTAINERSHIP SERVICE FROM UK CONTINENT NK MO *a
      310 words
    • 503 22 c=» FULLY CONTAINERISED SERVICE H Mpmhrr nl 'he Arr ComoituKTi SIH NEPTUNE OMHONO TTH ORIENTAL CtWF M KOREAN JACSJM Of NEPTUNE CRYSTAL Off S'part UMiin R'*m ivk mo »io IVW VII 7/11 2VM 12/11 IV" 1/11 n/ii avii neptune ototal «nr yn 121/11 17/11 ALSO CALLING MlWf VIA ftOTTEROAM PML
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    • 380 22 A FREIGHT LINKS EXPRESS PTE LTD WEEKLY CONSOL TO: PORT KELANG PENANG DEP: EVERY SAT ACCEPTING FCL/LCL TO JAKARTA 10/10 17/10 HONG KONG 11/10 17/10 BANGKOK 10/10 17/10 KEELU NG/KAOSHIU NG 11/10 18/10 MANILA U/10 16/10 BUSAN 15/10 22/10 TOKYO/YOKO 11/10 16/10 AUSTRALIA 110/10. 11/101SYD. MELB, AOL BRIS, FRO* NEW
      380 words
    • 846 22 r EVERGREEN Round-The World East Bound (FE/CARIB/USEC/FURO/FE) cvu sintu i* Nn nm ivm ivm wwsentry w m Imm n» cliamy a» m am av IVM MUX* 2VM lAI VU VU M* OMVTM U/U IVU 1701 I*ll cvu «mus a/u win vu «u EVU Win 102 702 VU 11/12 ALSO ACCIPTINC
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  • Page 23 Advertisements
    • 714 23 Willi vr PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE Htm* M VOY SIN MY MM SIN OLW PCN •717 SM SM 8M SM lan •TM SM m wio 1V1« i4/io 10/10 ■tm n/io 14/10 ia/is 10/10 I7ii
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    • 519 23 BLC BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT 2/11 VU Ml Ma VU Ml Ml Ml Ml Ml Ml Ml U/U 12/11 IMI MAI Ml MU urn am am mi mi am am am am aru Ml Ml Ml Ml WH MI HI) in in wt wi imi w
      519 words
    • 645 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMJDERA INDONESIA P.T. TSIKORA LLOYD EXPRESS SEMI CONTAINERSNIP SERVICES f KfUHC SPORt t-11/M UUfM a-vrm MuoMnwit Atoo aocopting cargo to Casablanca, Port SaK) Pod Alumdrlt Qinni Thttli ALSO ACCEPTINC BOTH CONTAINERS CONVENTIO*AI CARGO VIA T/S TO UK
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    • 335 23 BOUSTEAD SHIPPING AGENCIF f BURMA FIVE STAI MJJLTi'-iri: 11 (Burmese National Lint) Loading for Rtfifooi S'pore P.Ktiang ftnwifi v LASH 10 VKW V 7 Oct PA-AM mm WOd PAGAN VIIJU 22/24 Oct NORTHBOUND TO UKC SPORE ROAM HULL CLYDEBANK V2IN 14/10 9/11 11/11 FORTH BANK V2ON 26/10 11/11 2*ll TAMA
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  • Page 24 Advertisements
    • 1156 24 "K"LinE □HtPPkriG-DflTfl ATLAFITIC COAST (Round-The-World Service) RAINBOW BRIDGE VI NEPTUNE GARNET VU •VIA FEEDER WMC SPORE 10 Oct II Oct 17 Oct O Oct PACIFIC SOUTH-WEST FEEDER VSL *PK/PNC SP MOTNCM RAINBOW BRIDGE VI 10 Oct II Oct MANHAI NEPTUNE GARNET VU 17 Oct 72 Oct HENRY •VIA FEEDER PACIFIC
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    • 603 24 m AUSTRALIA EXPRESS CONTAINER SERVICE AocapMwf FCL/FCL ConMrnn MUtad lunar M Spore llMb tai Sf* Mm Am* "RAYIOAS" VJ7 2* Oct II ft* li No» A*(/tr» "CHANOIDAS" V2I 12 No» 77 Mew (Ok 40k AMfft* -RAVIPAT va anm 14 Ok aOka Ok A*V*a INDIA EXPRESS CONTAINER SERVICE FCUKL CMMMN MM**
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    • 713 24 GOLDEN LINE GUAN GUM SMPFMG (PTE) LTD 2J. IM kym S*wt vmtmm lIM m SMUM OI LMS) fu. N STRAITS/PERSIAN GULF SERVICE: Sptn P KaM|Pw OOLDCN HAVEN CflMto/KaradM/0«M 19/24 Oct OOIDC* WON OCR Cotonto/fer*dM/ou6» 11/12 Mv CHINA SERVICE A VCSSCI 17/1 Od CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC
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    • 368 24 I I I J J 85 X ABU DNMI A SMAIUAH. WM *r* LATTAOA, BENGHAZI INPOU. ALEXANONM. VAtfTTA ADEN OJMOUTI (AM FfVANCSCO losang&es. i NEWYOM.IAL ZVM. VU jfifr 11 mm PHILI OHI€NT LIN€S PT€ LTD HfAOnri S3 808 sscs B0«D «C? AfflO A SBUiDiS", S SCAfQKf 1C Tf t' HS
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  • Page 25 Advertisements
    • 636 25 NOL. NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE. LTD. Tamtaal CFS KWCINCS: OKHS mm maa gffil i£S MEPIINE SW BHD IM SSSJIttTOSI NEPLINE SON BHD »1«33 nepiine SON. BHD umstfimmimiitim NEPLINE SON. BHO. MMW23WI TO EUROPE/UK (VIA SUEZ): ACMCOMIN. K CNANCt IM NOMMOM77* OOMFMM K JACLHM 41V AT «rp «M
      636 words
    • 295 25 HEUNG-A SHIPPING Korean Flag Vessels OOMAM SEMI CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN INCHON r VV CEYLON SHIPPING CORPN National Line of Sri Lanka FULLY CONTAINERISED SERVICE TO COLOMBO ARABIAN GULF REDSEA EC INDI4 Nrtfcar Venal S>ort Cto Feeder V*J Kher IM Jad Am tsar m a tsara
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    • 562 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. KELANC PENANG m HANDLING SYSTEM CO SON. BMO MtSSJTS HAI THONG SHIPPING 127 Strart M.m... JTKTt
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    • 33 25 M.I. ;I- J1 Agent: Freight Management Regular reliable seafreight consolidation service to all ports in PAPiA NEW GUINEA RECEIVING CARGO DAILY AT PSA BLK 37 Call: *****11 Mr Richard Khoo Ma Adallna Ho
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  • Page 26 Advertisements
    • 346 26 XT SINGAPORE SHIPPING Mf CORPORATION (PTE.) LTD. TEL 225 6868 <30 Linev FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD I VE.B DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE S'POM *C«0 -I'IUCA AT»W *VW COLOMBO Accepting cargo for INDIA Bombay. Cochin, Madras Calcutta **VIA LARNACA:
      346 words
  • Page 26 Miscellaneous
    • 166 26 Regional Weather Ta > i K fi as r,it s 0 r > SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS Wind direction with speed m knots Wove height R Thunderstorm Temperature c /X f I $hower Weather Wind direction with speed m knots Ram Wave height f Cloudy
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  • Page 27 Advertisements
    • 847 27 SMN SOCIETE MAURICIENNE DE NAVIGATION LTEE INDIA OCEAN. SOUTH/EAST AFRICA REGULAR SEMI-CONTAINER SERVICE w:>um\ LOADING FOR SEALION SHIPPING(S) PTE LTD TEL *****81 (5 lines) TELEX R5343b4 SELION EAX *****41 AfnicA OttAN Li*ts Lid. ETA SPOftE MV HJON V.Ol 11/10 Actapbm FCU La Md MEAKBULK Ott* West Afrnn ports on mduarant
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    • 27 27 y Ejff/'u-'i RHENANIA INTERNATIONAL TRANSPORT SERVICES PTF LTD SPORE *****3 c TAIWAN (02) 393 1101 SYDNEY (0?) 669 ?09S BREMfN (0421) 3669 0 WELB (03) 338 3211
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  • Page 28 Advertisements
    • 438 28 j£» FARGO SHIPPING COMPANY(PTE)LTt)\ REGULAR express full container AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINERIZE From USA/Canada/Europe/Mediterranean Hfx |Fix IHam I Ant |Fot/Mar ILiv ll 200 Cantonment Road £02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel. *****49 tWSk PX UNITED
      438 words
    • 508 28 CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE JUTLANDIA N. DELFT LOADING FROM: GOTHENBURG. BREMENHAVEN, HAMBURG. ROTTERDAM OTHER ORIGINS: AARHUS. AMSTERDAM, ANTWERP, BASLE, BREMEN, COPENHAGEN, L£ HAVRE, HELSENKI, MALMO, OSLO,
      508 words
    • 469 28 PAKISTAN NATIONAL SHIPPING CORPORATION, KARA INDONESIA AND MALAYSIA-KARACHI AND MIDDLE EAST GULF SERVICE LOADING FOR KARACHI, DAMMAN AND DUBAI OHRMAZD LALAZAR SHALAMAR 24-25/10 Calls at Kuantan subject Inducement 20-21/10 26-28/10 KNTN PKLNQ 6-7/10 25-26/10 27-28/10 30/10- 2/11 3-5/11 PNG 9-10/10 30-31/10 6-10/11 INDONESIA AND MALAYSIA COLOMBO AND KARACHI CONTAINER SERVICE
      469 words