The Business Times, 10 November 1987

Microfilm: NL16022
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 112/12/86 TUESDAY, NOVEMBER 10, 1987 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    170 1 Overseas markets Monday H(C Hang Seng Index 2139.31 25.64 Tokyo Nikkei Average *****.37 (-218.64) Sydney All-Ordinaries 1250.9 14.1 Friday New York (Dow Jones) 1959.05 (-26.36 London (FT 30 Index) 1274.0 (-13.9 Exchange rates US$= 1 34.85/95 yen 1.6710/20 DM SS2.0435/45 £j US$1.7845/55 MS: SS0.8193/200 Simex Euro-$ (Dec)
    170 words
  • Article
    Lock icon Soviets to see US weapons disposal
    108 1 AP SOVIET ARMS negotiators are visiting Salt Lake City to see how America disposes of deadly deteriorating chemical weapons, a process shut down by questions about safety and efficiency. The US Congress is debating whether to spend an extra US$lOO million for a possibly
    AP  -  108 words
  • Article, Illustration
    Investors keep to the sidelines in extremely dull trading
    322 1 AFTER THREE WEEKS of great turmoil, all is quiet on the stockbroking front. From Tokyo to Hongkong, Sydney and Singapore, investors mostly kept to the sidelines in the absence of any major news announcement. Unlike the last three weeks, stock prices
    322 words
  • Article, Illustration
    Overseas reserves show real gains Overseas reserves show real gains
    540 1  -  Crash should be seen in its proper context: Dr Hu joke Micro. By CHUANG PECK MING SINGAPORE s massive reserves invested overseas still show "very substantial real gains" in spite of the global stock market crash, Finance Minister Dr Richard
    540 words
  • Article
    US$ recovers against Sing $
    431 1  - US$ recovers against Sing By SOH TIANG KENG Financial Correspondent THE faltering US dollar yesterday continued to lose ground against major currencies in a nervous forex market in Singapore. Against the Singapore dollar, the greenback plunged to 2.0420 around noon its lowest in six years before recovering to close at
    431 words
  • Article
    Stricter building laws to be introduced
    465 1  -  By LEE HAN SHIH Property Correspondent TOUGH NEW LAWS designed to prevent a repeat of the Hotel New World tragedy will soon be introduced. Under the new laws, all private buildings except houses must be regularly inspected for maintenance purposes The government will be
    465 words
  • Article
    Asean-S Korean ties
    73 1 CLOSER TIES between Asean and South Korea could provide them with an increased political and economic clout with which to face the two communist giants on the Asian continent, according to experts from all the seven countries involved. Their views, aired at a recent forum in Singapore,
    73 words
  • Article, Illustration
    Lock icon Mahathir gives assurance against imposition of martial law
    363 1 Reuter MALAYSIAN Prime Minister Datuk Seri Or Mahathir Mohamad said in remarks published in Jakarta yesterday that martial law would not be imposed following the two-week-old security crackdown in his country. In an interview conducted in Malaysia with Indonesian newspapers. Dr Mahathir
    Reuter  -  363 words
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      79 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM FREE Guinness Draft, Beer and Whisky... Only at the Streets of London. v. Z es! They're free when you order a similar drink during our Jolly Hours from 10pm to lam. Mondays to Fridays Plus 25% off other drinks by the glass with no
      79 words
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      Page 1 Advertisements Column 2
      339 1 HK's credibility at stake, Page 3; Local report, Page 14; Regional markets, Page 16 THERE HAS BEEN o significant pick-up in activity among private property developers in the first three quarters of the year. HOME NEWS. Page 2 AMERICAN CONSUMERS ore still spending in spite of the uncertainties caused by
      339 words
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      Page 1 Advertisements Column 3
      4 1 More reports, Page 2
      4 words
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      Page 1 Advertisements Column 4
      301 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM PROPERTY Stake this out AMID THE TURMOIL in the stock and money markets, a stake in property may look like an even better bet for the investor The signs have already been pointing to a recovery steadily rising prices, shortages in certain areas, active
      301 words
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  • HOME NEWS
    • Article
      Private developers award more contracts
      403 2  -  By JEFFREY TSANG ACTIVITY among private sector property developers has picked up significantly in the first nine months of the year and, in terms of contracts awarded, this year could end with three times as much business as last year. Latest figures from the Monthly
      403 words
    • Article
      Progress in treatment of cancer victims
      287 2 THE SECOND DEADLIEST killer disease in Singapore, cancer, is claiming three times as many victims as it did 30 years ago. But a third of the 2,800 people who die from cancer here every year could have lived longer, had they sought treatment earlier.
      287 words
    • Article
      McCormick sets up office here
      162 2 McCORMICK Co, best known as makers of spices and food flavourings, has set up a representative office in Singapore A statement from the company recently said the office, at Liat Towers, will canvass for business in the industrial food sector and provide support for retail
      162 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      225 2 MASAMITSU OKADA has been appointed director (Japanese services group) servicing Japanese clients as business consultant of Deloitte Haskins Sells. Mr Okada, 55, was formerly manager of the international department of Toyo Glass Co Ltd of Tokyo, Japan, as well as Toyo s representative in Toyo Glass Machinery
      225 words
    • Article
      Digital Equipment ties up with six S'pore companies
      284 2 DIGITAL EQUIPMENT Singapore has teamed up with six Singapore companies to develop software packages to ensure it has a firm hold in the domestic and regional markets. Formalisation of the business ties took place yesterday at the Sheraton Towers, when Digital signed
      284 words
    • Article
      SIA bound for Fukuoka
      61 2 SINGAPORE Airlines (SIA) plans to operate a twiceweekly service to the Japanese city of Fukuoka from April 1968 According to SIA s latest newsletter. News Service. the airline's request to operate to a third Japanese city was approved by the Japanese Ministry of Transport on Oct
      61 words
    • Article, Illustration
      Hefty fine likely for cable damage
      255 2 YESTERDAY IN PARLIAMENT CONTRACTORS who damage electricity cables and cause power failures could face a fine of up to $200,000. Trade and Industry Minister Brigadier-Gen-eral (Res) Lee Hsien Loong told Parliament yesterday. The current maximum fine of $5,000 is grossly inadequate and out of
      255 words
    • Article
      Causeway link to Pulau Brani
      190 2 A CAUSEWAY will link Pulau Brani to the mainland, said Communications and Information Minister Dr Yeo Ning Hong when he spoke on the steps being taken to ensure that Singapore keeps its top spot among the world s ports The government had announced plans for
      190 words
    • Article
      CPF rates for pensionable
      198 2 THE long-term CPF contribution rates for pensionable staff in the public sector will still be pegged at three-fifth the rates of non-pensionable employees in the public and private sectors, said Labour Minister Lee Yock Suan. The announcement came in the wake of his July statement wljich
      198 words
    • Article
      Number of jobless down
      95 2 THE unemployment rate was down from 4.7 per cent in June to 3.6 per cent in September. In numbers, jobless workers fell by 14,100 to an estimated 44,700. according to Labour Minister Lee Yock Suan. Mr Lee said that since June last year. 30.000 unemployed Singaporeans
      95 words
    • Article
      BRIEFS
      320 2 THE PORT of Singapore Authority is working on long-term plans for a new site to build bigger and better facilities to cater to ferry traffic between Singapore and the neighbouring Indonesian islands Professor S Jayakumar. the Minister for Home Affairs. said more people have been travelling to the islands
      320 words
    • Article
      A flat with a view
      166 2 THE HOUSING and Development Board will vary prices of flats within estates by 2 to 6 per cent to take into account the location and demand for certain units. National Development Minister Mr S Dhanabalan announced. Flats with scenic views or easy access to MRT
      166 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      218 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day The new prestigious Rover 820SE. V 7 V Now in Singapore. For decades. Rover cars have enjoyed the admiration of discerning motorrsts and car manufacturers all over the world Not only because of their continental dependability, but also for their
      218 words
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      Page 2 Advertisements Column 2
      47 2 Hotels Worldwide Call *****55 Kuala Lumpur Bangkok Hong Kong Fiji Sydney Melbourne New York City Chicago Auckland Dusseldorf Okinawa Beverly Hills OPENING 1989 Taipei Djakarta Istanbul REGENT INTERNATIONAL HOTELS Sales Reservations Office: 230 Orchard Road #07-230 Faber House. Singapore 0923. Tlx: REGTEL RS *****. Fax: 737 3510
      47 words
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  • ASIA – PACIFIC
    • Article, Illustration
      Lock icon Opposition party picks Kim Young-Sam
      353 3 UPI THE MAIN South Korean opposition Reunification Democratic Party held a nomination convention yesterday and formally put up party leader Kim YoungSam as its candidate for the December presidential election. A surprise at the convention was the presence of retired four-star General Chung Seung-Hwa who
      UPI  -  353 words
    • Article
      Lock icon Seoul's two main exports up
      117 3 AP SOUTH KOREAN electronics and textile exports are booming and are expected to exceed US$2O billion this year The Trade and Industry Ministry said yesterday textile exports would surpass the US$lO billion mark this week and would approach US$ll billion by the end of the
      AP  -  117 words
    • Article
      Lock icon Credibility of HK government at stake
      549 3 Handling of market crash and political reforms criticised AFP NOTHING LESS than the credibility of the Hongkong government is at stake following a tumultuous two weeks on both the business and political fronts, analysts in Hongkong say They point to the government s clumsy
      AFP  -  549 words
    • Article
      Lock icon Opposition activists defy Dhaka ban on public meetings
      178 3 Reuter OPPOSITION ACTIVISTS in Bangladesh defied a ban on public meetings yesterday, but government moves to frustrate a massive demonstration against the rule of President Hossain Mohammad Ershad seemed to be successful. Mr Ershad told aides he planned to play golf at
      Reuter  -  178 words
    • Article
      Lock icon Violence in Afghanistan on the rise: UN report
      370 3 UPI A UN REPORT on Soviet-occu-pied Afghanistan says that the armed conflict in the country has intensified and its new feature is an increase in terrorist acts The report was prepared by Felix Ermacora of Austria, who has been allowed to visit
      UPI  -  370 words
    • Article
      Lock icon Poor hardest hit by strike in Lebanon
      227 3 Reuter ABDELE KARIM IBRAHIM hawked his wife s fur coat in an open-air Beirut street bazaar on Sunday as an indefinite general strike bit home across Lebanon. "How else can we live through the strike?" Mr Ibrahim asked. "Who else is going to
      Reuter  -  227 words
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      149 3 Sight and sound of politicians, Page 11 An era of growth. NEC is helping open new horizons in business growth all across Asia. With increasingly powerful networks of business and personal computers that allow offices to operate more efficiently. And integrated voice, data and image communications that help people work
      149 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      105 3 R ///H ziffl/s. Singapore 24/17 Showers 07/04 Cloudy 27/11 Cloudy 18/13 Cloudy 19/-05 Clear 21/10 Cloudy 28/22 Cloudy 13/03 Cloudy 09/05 Cloudy 27/25 Fin. 12/04 Rain 03/00 Clear 08/02 Clear 29/22 Clear -04-02 Clear 17/12 Haze 25/20 Fine 30/21 Clear 30/08 Clear 13/08 Clear 33/24 Cloudy 16/12 Clear una* 06-02
      105 words
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  • REST OF THE WORLD
    • Article
      Lock icon US analysts gauging consumer confidence
      509 4 AP AMERICAN CONSUMERS are still spending in spite of the uncertainties caused by Wall Street's US$5OO-billion crash three weeks ago. Reports last week showed that car and retail sales held up in the first few days after the market plunged on Oct 19. Analysts in
      AP  -  509 words
    • Article
      Lock icon Call for return of Volcker
      181 4 Reuter NERVOUS INVESTORS, newspaper columnists and even a Democratic presidential aspirant are calling for the return of Paul Volcker to government, saying the former Federal Reserve Board chairman is needed to tame the economic crisis. Mr Volcker. 60. who left office last June after almost
      Reuter  -  181 words
    • Article, Illustration
      Lock icon Global action can avert world recession, says Lawson
      426 4 Reuter BRITISH CHANCELLOR of the Exchequer Nigel Lawson said on Sunday that global action could prevent an international slump following the crash on world stock markets. "I am confident that having learnt the lessons from what happened following (the stock market crash)
      Reuter  -  426 words
    • Article
      Lock icon Tunisian changes will not affect regional balance
      206 4 Reuter HABIB BOURGUIBA's removal from office as Tunisian president will have minimal impact on power relationships in turbulent North Africa. Diplomats in Tunis said yesterday that although Mr Bourguiba stripped of power on Saturday and declared unfit to govern on grounds of senility
      Reuter  -  206 words
    • Article
      Lock icon Prices of imported goods in US expected to rise soon
      431 4 NYT THE LATEST PLUNGE in the value of the dollar against other major currencies means that the prices of imported goods ranging from German wines to Italian shoes to Japanese cameras will rise in coming weeks and months, say importers.
      NYT  -  431 words
    • Article
      Lock icon Mbeki release a trial run for Mandela's release
      202 4 NYT THE PRETORIA government said on Sunday that the release of Govan Mbeki last Thursday was a "trial run" for the release of the jailed African National Congress leader, Nelson Mandela The remarks by two senior Pretoria officials in interviews with Sunday
      NYT  -  202 words
    • Article
      Lock icon Paris art dealers to hold big auction
      381 4 AFP AN ART AUCTION on a scale generally seen only in London or New York is to take place in Paris in a bid by French dealers to attract investors scared away from stock markets by the recent crash. "When the stock exchange
      AFP  -  381 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      959 4 ARRIVALS Operator Sorvico Local From numb«r rim* SU SQU 0115 LAX/NKT CM CI341 0155 TPE MCA KZ205 0240 NBT JAL JL617 0305 TYO FT FT75 0308 JFK/0FW/IAH/ OGD/ANC/NBT CAL MNL/TPC CI333 0405 TP€ MAS MH681 0820 KUL SiA SQ417 0820 DX8/KHI sv SV398 0835 JED/RUH MAS MM81
      959 words
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      229 4 Scandinavia at The Belvedere slttjL. *1 Hhib 4 t mummm g' *<< >m Wmm*& HI:- #i^r fe l*3rß^ SH MaSM ~>, &wSK«fs'&'- i '-i,- v MMafc SI ,v V; NOMWeCIAN -y# i; J ?<*«■ SI A y ::£.n.v^^ f* %>*£ rT' -<- 4 '*4 mii iid JM ■w? it; <
      229 words
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      Page 4 Advertisements Column 2
      61 4 fI 1/ if Ifl 1# The business person's choice, every I f II 111 I Tuesday. Thursday. Saturday and I ■I I I m Sunday. Leaving Changi Airport at I yJI Vy y 1 1 JL 22 05 hours and arriving at Lester B. Pearson International Airport the following day.
      61 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      50 4 Doonesbury THANKS. BARNEY, BUT I PONT KNOW IF I'M THE MAN FOR... pe^J£^Cß mm mfc j' m ZE *9* I m m m w Ml L BY GARRY TRUDEAU m m t 5»1 r T//c 0 SO?EVER BREAK AUNCNtrVE BROKEN WO GOVERNOR UNIONS! SBS em i Ri UK STi I
      50 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      355 5 How the best engineered car in the world was built with the chips down. ®Car manufacturers have a tendency to get carried away with their microprocessor technology. It's no news that these miracle chips can be implemented for almost anything. That's why you'll find them in abundance, and often disguised
      355 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1423 6 SINGAPORE: The US dollar closed mixed against major currencies yesterday after fluctuating narrowly on some selling and moderate Bank of Japan intervention, dealers said They said most operators refrained from taking large positions as they await the outcome of the Bank for International Settlements meeting in Basle and
      1,423 words
    • Article
      Lock icon Lower rupiah puts pressure on debt repayments
      403 6 Reuter INDONESIA s currency is following the US dollar down, keeping the country s exports competitive but putting pressure on its overseas debt repayments. say bankers. Indonesia, a leading member of the Organisation of Petroleum Exporting Countries and Asia's largest debtor, is emphasising
      Reuter  -  403 words
    • Article
      Asian dollar market
      273 6 ASIAN DOLLAR deposits closed steady at firmer opening levels in quiet afternoon trading yesterday, dealers said. They said most operators were sidelined in the afternoon as they await further developments on the US budget deficit talks between the White House and Congressional negotiators. Term rates were steady
      273 words
    • Article
      Lock icon Treasure trove found in abode of 'snake god'
      187 6 AP A DUSTY ROOM, sealed for a decade because a Hindu snake god was thought to reside there, has yielded a treasure trove of gold and coins dating as far back as the 14th century, an Indian newspaper said on Friday The
      AP  -  187 words
    • Article
      Options
      1639 6 METALS FUTURES OPTIONS Com** Friday, November 6, 1987 GOLD 100 troy ouocm; USS par troy ounc* emu* Prtc 0*e-« F«6-e Apr-c 0«c-p Feb-p Apr-p 420 42.70 52 30 58 50 0 60 4 90 23.40 36.60 45.00 1 30 9 QQ I 200 460 7.70 22.10 32.00 5 60
      1,639 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      108 6 c\m~ Friendly. Familiar. Fun. Come to the ACTION right here in Hollywood at the Casual Club. Get the showbiz feel as you unwind and dance the night away. It's fun. It's exciting. And you may even win a return air ticket to the real Hollywood in our Grand Lucky Draw
      108 words
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      Page 6 Advertisements Column 2
      95 6 i: iVii Cutis S3 K «v S -4 k •2. Only at Scruples Explore Scruples. Discover designer originals in rattan and wicker. A dream collection ol the classic and contemporary. All handcrafted to capture your imagination. Flegance in furniture. Come to Scruples. But come preparedto fall in love. At Scruples.
      95 words
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  • BANKING AND FINANCE
    • Article
      Simex/IMM
      603 7 DECEMBER Eurodollar opened 6 ticks lower at 92 65 following losses from Friday's session due to the large increase in non-farm payroll. However, prices recovered to 92.68 initially on news that Republicans offer U5575.5 billion in budget deficit cuts. But a lack of follow-through saw prices backing off to
      603 words
    • Article
      Money markets
      70 7 THE OVERNIGHT rate on the Singapore interbank market fell by 3 points to end at 3V4 per cent yesterday. The one-month term rate rose by 1/8 point while the two and three months rose by 1/16 point each. S$ Interbank rates at 7pm yesterday: OFFE8 BID Ovtr3% 3
      70 words
    • Article
      Lock icon Pleas expected in wake of Brazil accord
      644 7 AP A NEW ACCORD to delay indefinitely payment of US$3 billion in interest that Brazil owes to private banks is expected to bring pleas for similar favours from countries struggling under even heavier debt burdens. Brazil, which owes more than $110 billion abroad,
      AP  -  644 words
    • Article
      Government securities market
      87 7 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 month i BQ*****W 4.2.88 3.63 3.58 3.65 3.56 6 months BS*****S 21.4.88 3.68 3.63 3.72 3.49 1 yeor BY*****S 22.09.88 3.70 3.65 3.77 3.49 Government notes and bonds Period Issue Maturity Coupon Yesterday's
      87 words
    • Article, Illustration
      World interest rates
      193 7 Indicates th« iv«r«g« of tt>« prim* tending rate* of 12 major banks in S'por* Interbank market rates (offer/bid) on Nov 9 us$ DM SWFC Y*n 7 days 6 3/4 5/8 9 1/4 t/8 3 11/16 9/16 2 3/8 1/4 3 7/8 3/4 1 mfh 6 7/8 3/4
      193 words
    • Article
      Lock icon Bank runs up options loss
      95 7 Reuter GOTABANKEN, one of Sweden's biggest banks, has lost hundreds of millions of crowns through unauthorised options dealing by its staff, deputy managing director Ulf Lignell said on Saturday. Swedish newspapers put the losses at 200 million crowns and speculated that they were caused by
      Reuter  -  95 words
    • Article
      Comex gold/silver futures
      161 7 Gold futures on Nov 6 100 r»oy ounces USS pef l>0V TO OpM SMtta N»t 457.50 457 >0 457 JO 460 70 330 Ok ***** 46 J 50 459 10 462 10 -190 tan 464 60 2«0 $8 463 JO 469 00 464.60 467 90 310 Ap.
      161 words
    • Article
      Lock icon Recession unlikely as rates fall
      717 7 NYT THE SUDDEN DECLINE in US interest rates that began when stock prices plunged on Oct 19 has been large enough to help assure many economists that turmoil in the stock market will not lead to a recession. Analysts are not sure how long the
      NYT  -  717 words
    • Article
      Lock icon German banks' unit joins NY exchange
      335 7 Reuter A UNIT OF Dresdner Bank AG and Bayerische Hypotheken-Und Wechselbank AG has bought five seats on the New York Stock Exchange, according to Dresdner's management board spokesman Wolfgang Roeller. ABD NY Inc starts floor broking activities yesterday with a share capital of US$7.5
      Reuter  -  335 words
    • Article
      Lock icon Japan's regional banks ready to take on the world
      405 7 Reuter HAVE YOU HEARD of Hokuriku Bank. Chiba Bank. Ashikaga Bank? If not, you may hear of them soon enough. Japan's strongest regional banks, most of them as yet unknown outside the country, are lining up for a second great wave
      Reuter  -  405 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      104 7 STYLE'BB Fabrics Garments Shoes Accessories (TRADE ONLY) November 10th to 12th, 1987,1.00 p.m. to 6 p.m. at the Century Park Sheraton Si «gapore The Austrian Trade Commissioner Tangiin P.O. Box 238 Singapore 9124 Participating Companies APPAREL FABRICS GETZNER F M HAEMMERLE J. OTTEN FRANZ MRHOMBERG SCHIELSEIDE READY TO WEAR COSPO
      104 words
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      Page 7 Advertisements Column 2
      159 7 MASERATI A LEGEND. t V. .'V t >v TV celebrated Stirling Moss, demonsnatrni his mastery of the frock with the rrrrvzrkabLe VS Kiaserati Eldorado 420 M /58. Man and machme an impressive combination of skill and prowess, at the 1958 2nd 500 miles, Monza x mm -v'■ The Maserati four
      159 words
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  • COMMODITIES
    • Article
      Lock icon 'Worst is probably over for precious metals'
      470 8 Sell-off easing, say some analysts Reuter THE WORST OF THE sell-off in precious metals is probably over, according to analysts and dealers on Friday. All of the mam precious metals markets hit recent lows on Thursday in a further bout of long liquidation,
      Reuter  -  470 words
    • Article, Illustration
      Lock icon Burma tries to mend its rice bowl
      555 8 Reuter ON RANGOON'S Merchant Street, once an artery of Burma s free-for-all economy in British colonial days, a modest new office has opened like a symbolic crack in the country's 25-year-old state-run economy. The Office for the Registration of Private Entrepreneurs is part
      Reuter  -  555 words
    • Article
      Lock icon Cocoa producers working on price support plan
      279 8 Reuter LEADING cocoa producers ended a meeting in Lagos on Friday where a system of export quotas was considered as part of measures to support world prices. "Several measures including export quotas were discussed," Dosseh Noameshie. president of the 11-member Cocoa Producers Alliance
      Reuter  -  279 words
    • Article
      Lock icon Coffee producers to discuss sales
      370 8 Reuter NATIONS PRODUCING other milds coffee, along with the world's big two producers Brazil and Colombia, will next week discuss sales to countries which are not members of the International Coffee Organisation. Costa Rican Economy Minister Luis Diego Escalante. who is also chairman of his
      Reuter  -  370 words
    • Article
      Rubber
      207 8 SINGAPORE The market closed lower yesterday with Dec 1 RSS buyers quoted at 208.00 cents a kilo, down 1 50 cents from last Friday's close, dealers said. The morning session lost two cents on some selling in thin trading following lower Tokyo rubber prices, they said. Prices recovered slightly
      207 words
    • Article
      RAS and MRELB
      252 8 R AS prices in S cents/kg, FOB in bales NOON CLOSE buyers Sellers Buyers Sellers Int 1 RSS Prompt 208.50 209.50N 209.00 210.00N Int 1 RSS Dec 87 207.50 208.50 208.00 209.00 Int 1 RSS Jon 88 207.75 208.75 208.25 209.25 lot 2 RSS OP 206.50 208.50N
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    • Article
      Precious Metals
      353 8 HONGKONG: Gold closed lower yesterday on late selling by local investors after Japanese bought for arbitrage purposes throughout the day. dealers said. Other international houses were mostly sidelined awaiting news from the Bank for International Settlements meeting in Basle Sentiment remained cautious. Bullion ended at US$46l 80/462 30
      353 words
    • Article
      Palm Oil
      268 8 Crude palm oil futures closed higher yesterday on the Kuala Lumpur Commodity Exchange. Spot month November rose $18 to $795 per tonne and December gained $25 to $804 January increased $31 to close at $812. Turnover rose to 1.148 lots from 676 lots last Friday. Crude palm oil
      268 words
    • Article
      SSR and SMR
      94 8 ic«rn kg, 1 -M" pollen! DECEMBER 87 JANUARY 88 (currant month) (forword month) RAS NOON NOON kr*'i S*U*M S«*tn SS* 20 208 50 210 50 204 50 210.50 SSR SO 207 00 209 00 ***** 209 00 MRELB Ivyci S*U»M lwy*rt S*U*rt SMR Cv ***** *****N 264
      94 words
    • Article
      KL Tin
      98 8 TIN PRICES on the Kuala Lumpur Tin Market rose eight cents yesterday from last week's close to M 517.39 a kg, after a brief trading session, dealers said. Turnover dropped to «4 tonnes from Friday's 124 aa most miners preferred the sidelines, while awaiting better prices before disposing.
      98 words
    • Article
      Oil and Products
      75 8 MOST products continued to show either clear weak trends or bearish undertones in sympathy with the stumbling crude oil market. US$ borr»l Oion®# Duboi (OkI 16 63 -007 Wtjt Tcioi WTI (Dec) 18.83 •0.15 Products (FOB S'pore) USS/bort^ Chang* Kroww 23 55 -aos Gotoil 21.40 und> lo.
      75 words
    • Article
      Produce Prices
      262 8 Chinese Produce Closing prices on No* 9 Exchange (USS tonne, FOB) Sellers' noon dosing prices on White Rice Nov 9 (SS 00 kg) 100% 1st closs 315 Coconut oil 100% 2nd closs 100% 3rd closs 283 278 Bulk FOB 93.00 Old drum FOB 103.00 5% 273 New drum
      262 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      333 8 Banque Indosuez investments. Then: on paper. Now. via high-tech communications FFFFFFF UU UU TTTTTT FF UU UU TT FFFFF UU UU TT FF UU UU TT FF UUUUU TT UU UU RRRRRR EEEEEEE SSSSSS UU UU RR RR EE SS UU UU RRRRRR EEEEE SSSSS UU UU RR RR EE
      333 words
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  • FOCUS
    • Article, Illustration
      Lock icon Is Gatt actually strangling free trade?
      1009 9  -  Forty years ago, when the General Agreement on Tariffs Trade was formed, the world was a simple place: the West was industrially advanced, the rest of the world lagged behind; and the logic of free trade was obvious. But this logic is not as
      IHT  -  1,009 words
    • Article, Illustration
      Lock icon Bartering has evolved into a formidable force
      1344 9  -  By RUTH YOUNGBLOOD UPI WITH A US$3OO-million contract from the Indonesian air force at stake, a battle raged between the eager American and French hopefuls, each with an arsenal of tempting enticements. The rivals attacked and coun-ter-attacked in a verbal dogfight, with offers
      UPI  -  1,344 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      63 9 TAN CHONG TOWER SERVICE APARTMENTS 15 QUEEN STREET 'An ideal location for your short stay in Singapore' Weekly basis Within CBD Telephone, TV. air-con. rooker. fridge, kirhenware. housenolrl linen and housekeeping available Telex, secreiarial and laundry services available Covered car park 24-hour security Types available: Studio 5350 Weekly 1-bedroom S42oWeekiv
      63 words
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      Page 9 Advertisements Column 2
      164 9 mem THE ORIENTAL SINGAPORE For your out-of-town guests who have sampled the delights of a Mandarin Oriental Hotel, there's no need to explain the legend. For any guests who haven't, this is their chance to experience the essence of that legend, at an inviting price. The same impeccable service, meticulous
      164 words
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  • PERSPECTIVE
    • Article
      The truth about globalisation
      530 10 THE WORLD s economic powers are discovering the awful truth about the globalisation of the marketplace: they have no choice but to coordinate fiscal and monetary policies. With just a push of a button, a London pension fund manager can reach a Singapore currency trader. Every
      530 words
    • Article, Illustration
      Fostering closer Asean-S Korean ties
      1796 10  -  The first forum of academic groups from Asean and South Korea was held here recently. Future ties between Asean and South Korea were discussed, along with the international and regional environments and the implications of policies of world powers notably the Soviet Union, the US,
      1,796 words
    • Article
      Summit needs to focus on Philippine economic problems
      1234 10  -  VIEWPOINT By BRIAN GOMEZ Foreign Editor POLITICAL REALITIES dictate that the Philippines be placed at the top of the agenda in the coming Asean Summit to ensure that regional cooperation can indeed become a reality. The country's political and economic crisis has
      1,234 words
    • Article, Illustration
      Lock icon Seoul vibrates with the sight and sound of politicians
      768 11 NYT IN SEOUL, the capital of South Korea, along with the loud blare of car horns, the cries of hawkers and the late-night bang of construction, there is a new sound: the talk of politics. Just a few months ago. questions
      NYT  -  768 words
    • Article, Illustration
      Lock icon Up in arms to save trees
      1155 11  -  Diverse groups fight to halt the ravaging of Asia's forests By DENIS GRAY AP FORCES RANGING from tribesmen with poison-dart blowguns to women "tree huggers" are fighting to turn back an onslaught against Asia's forests that devours woodlands the size of Israel each year.
      AP  -  1,155 words
    • Article, Illustration
      Lock icon Flower power generation faces changed moral world
      960 11 NTY IT WAS PERHAPS PREDICTABLE that the members of the generation of the 60s and 70s would come to regret some of their youthful indulgences when they traded in their tie-dyed T-shirts and stashes of marijuana for grey suits and chardonnay. But the
      NTY  -  960 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      139 10 Take A FreeTHb lb The Office. E§ Send in the coupon and we will deliver the Trib The International Herald Tribune absolutely FREE to your office or home for two weeks. Your daily Trib keeps you on top of international business and financial information. World prices, analyses, comments and trends.
      139 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      669 10 TOIWJiKOS BSD33SMii) CRYPTIC PUZZLE ACROSS 3 Football striker? (5) 8 Is running a boarding house such a job? (3.2) 10 Right country (or Latin? (5) 11 Number often reduced (3) 12 Best athlete out East! (5) 13 Where to treat an unhealthy horse? (4.3) 15 Animal seen amid furze, bracken,
      669 words
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  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      163 11 to sm mm s i 8 1 MM* Mfi as m m w* S 3 MM Hp MM jM*| E M M« S a 33 12PM News in Brief. 1 2.05 Lunchdote 1 2.30 lakerol's Cool Minty Show. 1.00 News Weother Report. 1.15 lunchdote (cont'd). 2.00 News in Brief. 2.05
      163 words
    • Miscellaneous
      Page 11 Miscellaneous Column 2
      27 11 i tmin< tmc layout or this Lcrreß is DISGCRCeFUt Tue pmzoooos. 11LL1J THirK;...Tviis v OF VOORS 5 V~v ■£3. (2% 7% ©Even,n 9 Standard Co ltd. 19t?-19(7
      27 words
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  • SPORTS & LEISURE
    • Article, Illustration
      Lock icon In search of that extra spark
      687 12 Fascinating struggle to win the British Jockeys' Championship Reuter WHAT. ONE MIGHT ASK, were those two stars of the saddle Steve Cauthen and Pat Eddery doing at misty and soggy Redcar on the often uninviting north-east England seaboard late last month? Or for that
      Reuter  -  687 words
    • Article
      Lock icon Room shortage jeopardises Grand Prix
      136 13 Reuter ADELAIDE could lose the right to stage Australia's motor racing Grand Prix if a severe shortage of hotel rooms in the south Australian capital is not alleviated. Mai Hemmerling, executive director of the race organisers, Adelaide Grand Prix, said yesterday that teams and race
      Reuter  -  136 words
    • Article
      Lock icon Investing in baseball cards
      420 13 AP AMERICAN INVESTORS alarmed by the stock market's recent plunge might consider putting their money in baseball cards, where vast profits can be reaped. Given away decades ago in cigarette packs and more recently in chewing-gum packages, baseball cards containing a picture of a player and
      AP  -  420 words
    • Article
      Lock icon Australia rejoices over cup victory
      136 13 Reuter AUSTRALIA celebrated its return to the cricketing spotlight yesterday after years lost in the wilderness Sunday's seven-run defeat of England in the World Cup final led the news on morning television and was hailed in the newspapers with such headlines as "Paradise regained as
      Reuter  -  136 words
    • Article, Illustration
      'F-1 may be too much for Singapore to stage'
      656 13  -  By WALTON MORAIS SINGAPORE is perhaps biting off a bit more than it can chew in its attempts to stage a Formula One Grand Prix, says Stirling Moss "I don't think it's such a good idea." said the greatest driver never
      656 words
    • Article, Illustration
      Lock icon Mayotte clinches Paris Open
      309 13 Reuter TIM MAYOTTE overcame fellow American Brad Gilbert in a tense five-set final on Sunday to win the Paris Open tennis title amid a display of bad temper by his opponent. Fifth seed Mayotte beat his seventh-seeded compatriot 2-6 6-3 7-5 6-7 6-3 to clinch his
      Reuter  -  309 words
    • Article
      Lock icon Shriver outplays Evert
      155 13 AFP PAM SHRIVER notched up a major surprise and left Chris Evert feeling her age when she outplayed the world No 3 in the final of the U*****,000 New England Women's Tennis Championships on Sunday. The 25-year-old player, serving superbly and pulling Evert all over the court
      AFP  -  155 words
    • Article
      It's only a common first name
      223 13 MacGREGOR Golf Company is in no way associated with MacGregor Sporting Goods. East Rutherford. New Jersey, whose ailing financial condition has been reported by the media. George Nichols, president of MacGregor Golf, said in Georgia yesterday that in fact, the two only share the
      223 words
    • Article
      Lock icon Canberra will slap life ban on drug-taking athletes
      201 13 Reuter AUSTRALIA will ban for life athletes who take perfor-mance-boosting drugs. Philip CoJes, secretary-gen* eral of the Australia Olympic Federation, said yesterday th4l the federation would introduce random dope testing from Ja£ 1, adding that athletes are li* ble to be tested
      Reuter  -  201 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      935 12 m Ml H il? T, r > a -i *<•>, y> ,-r* -A. M id vimj >*' ??i *r Ssk ~\V Soothing Ms in Hush It Mp Lump CHEVY'S BACK IN TOWN Come meet Jay and Donna The Dynamic duo called "CHEVY". Two very experienced International entertainers who will have
      935 words
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      Page 12 Advertisements Column 2
      161 12 m Ssfc J* IS 5E Is Scandinavia at The Belvedere The Belvedere's Scandinavian buffet luncheon. An incredible selection of more than 60 authentic favourites from Denmark, Sweden and Norway. November 5 to 30. 12.00 to 2.30 pm daily. Adult: $31+ /Child: $15+ 71k manaycrrtent reserves the f right to clxingc
      161 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      451 13 m >vj> in Every second's on-the-house! The Fountain Lounge is flowing with the good times. Between 5 and 8 pm daily, for every drink you order you get your next FREE And bottle purchasers pay just half the price There's no happier time to enjoy your favourite drinks and some
      451 words
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      Page 13 Advertisements Column 2
      26 13 BULLS BEARS Restaurant li Bar Pte lid •<&£s£s& Vie 9®^ Wes»* 176. Orchard Road. #03-45/46 Centrepant. Singapore 0923 Tel: 235-6268. 732-8593 Business Hours: 11.30 am 11.30pm
      26 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      55 13 usuAiiy, bkorc i 6€i X i Bfucvr TO THE Mll.lCAN-SII" Y All PlAVfRS THf SHOT I WANT TO I WOUID BINEFI PlAy AND TMf 3 WIN 6 A FROM THIS I WANT TO MAKE APPROACH. ONCE VOU HAVE A Clf AR PICTURE IN ytXJR MINDS EVE, 60TO IT:REMEMBER THINK POSmVEtV.'
      55 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Late bargain-hunting gives market a slight boost
      4552 14 IT WAS A DAY of uneasy calm on the Singapore stockmarket yesterday. Trading was relatively thin after the volatility of the past three weeks as most investors and institutions kept to the sidelines. Falls outnumbered rises by 104 to 53 although the Straits
      4,552 words
    • Article
      Chief price changes
      302 14 Rises SINGAPORE Indices Ming Court 380 80 Primo 490 —16 Motol loft Sport 400 16 FAN 725 15 SPH 690 15 Kentucky Spce 204 12 Spo<« lond 406 10 M lonfcmg 428 8 Stroits Troding 346 8 How far 318 8 Port way M 50c 171 8
      302 words
    • Article
      Business done on the SES
      3851 14 BID and offer price* officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of share* traded shown In brackets In lots of 1.000 units unless otherwise specified. SECTION ONE INDUSTRIAL ft COMMERCIAL Acmo II 06 B 1
      3,851 words
    • Article
      COMPANY MEETINGS
      333 14 AUSTRAL AMALGAMATED TIN Berhad: 48th AGM at the PNB Theatrette. 2nd Floor, Menara PNB, 201A, Jalan Tun Razak, ***** Kuala Lumpur on Monday, Nov 23. at 2.30pm BOUSTEAD HOLDINGS Bhd: 26th AGM at Wisma Boustead (4th Floor), 71 Jalan Raja Chulan. Kuala Lumpur on Wednesday, Nov 25. at
      333 words
  • Page 14 Advertisements
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon CPF investors: A potentially bullish force
      504 15 mm*** HOCK LOCK SIEW WORKING OUT who owns what in the stockmarket can never be done scientifically. Orders are not recorded as retail or institutional deals and findings of the latest share ownership survey, conducted in 1985, are not precise. Singaporeans, for instance, were
      HOCK LOCK SIEW  -  504 words
    • Article, Illustration
      Shangri-La going ahead with 10m rights issue
      552 15  -  By AMY BALAN SHANGRI-LA Hotel Ltd is moving full steam ahead with its one-for-10 rights issue of 10 million shares despite the plunge in its share price in the wake of the stock market crash. Net proceeds from the rights issue, amounting to
      552 words
    • Article
      Lin Securities' liquidators apply for court ruling
      256 15 NEW LEGAL PROBLEMS arising from the pledging of the same block of shares by defunct stockbroking firm Lin Securities to several banks were brought up in the High Court yesterday. The firm's liquidators had to turn to the High Court to unravel complex
      256 words
    • Article
      Federal Hotel to open in August
      542 15  -  By LISA LEE RECENT stockmarket debutant DBS Land has quashed rumours that it is turning the Federal Hotel into a block of service apartments and has instead said that it will open the hotel in August next year. The property arm of DBS Bank
      542 words
    • Article
      Lock icon 'New KL share application forms will cut down fraud'
      467 15 MBT FRAUDULENT and multiple applications which occur during public issues in Malaysia are expected to be sharply reduced with the latest changes incorporated into the share application form. Syndicates and other unscrupulous investors will now think twice before applying for shares
      MBT  -  467 words
    • Article
      Lock icon Rothmans expects S'pore tobacco trade to worsen
      286 15 Bernama ES ROTHMANS Industries Ltd expects the tobacco industry in Singapore to contract further, and this will continue to affect its results for the coming year Its chairman. Mr Tan Keong Choon. said in his 1987 annual report that with the campaigns against
      Bernama ES  -  286 words
    • Article
      Lock icon Kesang plans to grow corn in Pahang
      142 15 Bernama ES KESANG Corporation, an investment holding company which has diversified into the foodstuff business recently, is planning to venture into agro-based industries soon Feasibility studies are currently being carried out by experts from Denmark and Yugoslavia on corn cultivation in Pahang. said
      Bernama ES  -  142 words
    • Article
      Lock icon Bolton diversifying into supermarket business
      439 15 MBT BOLTON PROPERTIES is cashing tn on the supermarket business as part of its diversification plans. Observers in Kuala Lumpur feel that the move could have been prompted by Bolton's need to fill up the space left vacant by the former supermarket operator in its
      MBT  -  439 words
    • Article
      Unit trusts
      294 15 Managers' prices for Nov 10 Singapore Unit Trust DBS Bank W«»o« G« 'u-yl# Japo* G' Thr M F-j'cl* 0'J 77 0 0? 1] 0 TK e 0 8? 0*? S'j» »gs furd 0 77 086 S'pc»* P'og 0 3$ S'poe *u«d 060 Spce l"»wt 0 64 0?l S'pc»*
      294 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      263 15 SiS'i >■ —**>.5^ You have a I business to run, a busy schedule i to keep... *L SINGAPORE BUSINESS understands your i jp\ commitment to your work. So, instead of having to go out in the sweltering heat or get held up somewhere in a traffic jam on Wm your
      263 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Nippon to sell issue worth US$38 billion
      440 16 Biggest in size in history of equity markets NYT THE LARGEST single entity on the Japanese stock market, the Nippon Telegraph Telephone Corp, is scheduled to begin selling today an issue of 1 95 million shares with an estimated value of about US$3B
      NYT  -  440 words
    • Article
      KL prices close easier on dull trade
      3227 16 THE KUALA LUMPUR stock market saw another day of lethargic trading yesterday with prices ending marginally easier in cautious trading. A broker said market operators have turned quality-conscious, concentrating on blue chips and quality stocks while neglecting the second and third liners. In
      3,227 words
    • Article
      Lock icon Li raises Cheung Kong stake
      144 16 Reuter LI KA-SHING. chairman of Cheung Kong (Holdings) Ltd. bought 2 5 million shares in Cheung Kong last Friday, the Hongkong Stock Exchange said It quoted a statement from Commissioner for Securities Ray Astin as saying that the purchases brought Mr Li s stake in
      Reuter  -  144 words
    • Article
      Prices close firmer
      1613 16 Hongkong SHARE PRICES closed firmer on the Hongkong market yesterday after an easy opening, mainly supported by buying orders believed to be coming from Cheung Kong group chairman Li Ka-Shing. brokers said The Hang Seng Index rose 25.64 points to 2.139 31 and the Hong Kong Index
      1,613 words
    • Article
      Seoul
      132 16 NOV M WON fr Kai ***** 550 Kangwon Ind ***** *200 Kia Motor ***** 300 Cheii Sugar ***** 100 Koton Ind ***** -1300 Daelim Ind ***** 1200 Kof0( Term ***** 1300 Daewoo Corp ***** 580 Lucky Ltd ***** *500 Daewoo Heavy ***** 230 Oriental Brewery ***** •100 Oaishin Securities
      132 words
    • Article
      Lock icon Tokyo
      532 16 Reuter SHARE prices on the Tokyo market yesterday closed sharply lower in extremely thin trade on worries over the US budget and trade deficits and a weak dollar, brokers said. The 225-share price Nikkei Index sank gradually to close 218 64 points lower at 22.418.37. just above the day
      Reuter  -  532 words
    • Article
      Lock icon Sydney
      440 16 Reuter THE AUSTRALIAN share market closed cautiously higher in thin trade yesterday as bargain-hungry investors ignored further falls in New York and London on Friday, brokers said Firmer commodity prices, particularly in gold bullion and copper, also supported the market At the close the All Ordinaries Index was 14.1
      Reuter  -  440 words
    • Article
      Lock icon Bangkok
      165 16 Reuter THE SECURITIES Exchange of Thailand Index rose 5.11 points to 335.48 on a turnover of 4,426.342 shares worth 533.24 million baht. Reuter MOV 0* BAHT Ao Kham Thai Ayudhys Investment Bangkok Agro-lnd 100 45 Bangkok Bank 337 unch Bank Of Ayudhya 360 16 Charoong Thai Wire 4 Cable
      Reuter  -  165 words
    • Article
      Taipei
      294 16 KoMn 32 40 -1 7 NOV M NT S Kuochan D«» 43 SON Lee Chang Yuan All Sincara Indus Cham Indus 31 SO -18 302N Lian Hwa Indus 38 70 -1 8 Asia Camant 66 00 -4 Nan Ya Plas 60S0 -3 Cathay Cons 67 50 -4 Pacific Cons
      294 words
    • Article
      Manila
      84 16 NOV 0* PCSOS MarstMl Oriantai B Ptvil Ovaraaas 0625 0625 unch -0 0025 Acoie Mining 0 49 -002 Anglo Phil Apex Mining B Atlas Con B Baguio Gold 022 0575 27 017 unch -0 0025 -4 unch Picop B PLOT San Miguel B Saatront r. 150 106 024 -3
      84 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      234 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND LEE GEK POH REALTY PTE LTD (Incorporated in the Republic of Singapore) At an Extraordinary General Meeting of members of LEE GEK POH REALTY PTE LTD duly convened and held at 190 Middle Road, #16-03 Fortune Centre, Singapore 0718
      234 words
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      Page 16 Advertisements Column 2
      534 16 In the Matter of The Companies Act, Cap 50 and In the Matter of ELNUSA INDUSTRY PTE LTD (In Members' Voluntary Llqul- dation) At an Extraordinary General Meeting of the members of the Company field at 48 Amber J Garden #04-02 Singapore 1(544 on 4th November 1987 the I followinq
      534 words
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      Page 16 Advertisements Column 3
      3 16 TECHNOLOGY EVERY FRIDAY
      3 words
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  • INTERNATIONAL COMPANY NEWS
    • Article, Illustration
      Lock icon Expected fall in car sales yet to materialise in US
      1290 17 Lower interest rates and falling dollar raise hopes of healthy sales NYT WHEN THE US stock market collapsed last month. American car manufacturers braced themselves for a sharp downturn in their already sliding sales But with the exception of expensive
      NYT  -  1,290 words
    • Article, Illustration
      Lock icon 'Return of program trading could scare awav institutions'
      711 17 NYT PROGRAM TRADING, a sophisticated form of securities trading that critics have blamed for contributing to the stock market plunge three weeks ago, resumed yesterday, leaving some analysts concerned about renewed volatility in stock prices In the wake of the market selloff
      NYT  -  711 words
    • Article
      Lock icon Japan's imported car sales up 41 pc in first 10 months
      458 17 Reuter FOREIGN CAR sales in Japan totalled 78.301 for the first 10 months of the year, up 41.5 per cent from the corresponding period of the previous year. In October itself, the figure is 6.627. a 34.8 per cent
      Reuter  -  458 words
    • Article
      Lock icon Fisher and Paykel plan US$75m revolving note issue
      87 17 Reuter FISHER and Paykel Industries Ltd of New Zealand is planning a USS7S million revolving note issuance facility arranger Barclays Bank PLC said It said the five-year facility which can be extended by agreement, is underwritten up to USS3O million Terms will
      Reuter  -  87 words
    • Article
      Lock icon Crash challenges basic assumptions about investment guidelines
      550 17 AP THE CRASH of 1987 has challenged many basic assumptions, new and old, that investors use as guidelines in making stock investments. When the market took its sharpest drop ever last month, some time-honored precepts were affirmed: for instance, when price-earn-ings ratios are
      AP  -  550 words
    • Article
      Lock icon HK lifts futures short-selling ban
      140 17 Reuter THE HONG KONG Futures Exchange Ltd said it has lifted the ban on short-selling in Hang Seng Index futures contracts from yesterday. The exchange had prohibited short-selling since October 26 after the market s four-day suspension ended. The suspension was in line with the
      Reuter  -  140 words
    • Article
      Lock icon Eurotunnel's larger commissions may entice underwriters
      227 17 Reuter UNDERWRITERS will not be scared off by flopped share issues in the stock market collapse and will back Eurotunnel's flotation to fund a British-French rail link, according to the An-glo-French consortium Eurotunnel co-chairman Alastair Morton said in a television interview that greater c&lm
      Reuter  -  227 words
    • Article
      Lock icon JVC sets up second disc plant in US
      94 17 AP VICTOR CO Of Japan (JVC) has announced the completion of a second compact disc manufacturing plant in the United States at its subsidiary m Tuscaloosa. Alabama With the completion of the plant. JVC Disc America will boost its total annual production
      AP  -  94 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      175 17 The Straits Times Overseas Weekly. It's the weekly newspaper, printed on light weight paper in convenient tabloid size. It carries business, economic, political and general news on Singapore as well as investment news and sports round-ups. The more important regional and Asean news, and executive appointment advertisements are also in
      175 words
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  • Article
    Lock icon Negotiators say talks to cut US deficit need more time
    470 18 AP CONGRESSIONAL and White House officials, returning yesterday for a third week of talks on how to shrink the federal deficit, have conceded that they still have plenty of work to do before they can agree on a package. House
    AP  -  470 words
  • Article
    Lock icon Japanese urged to buy more foreign-made chips
    213 18 AP JAPAN'S Trade Ministry yesterday urged Japanese semiconductor users to buy more foreign-made computer chips to hasten the lifting of remaining US sanctions against Japanese electronics goods. Vukio Honda, chief of the Ministry of International Trade and Industry's electronics machinery division, made the
    AP  -  213 words
  • Article
    Canadian firm to review PUB's gas system
    454 18  -  Feasibility study on conversion to natural gas system By TONG SUIT CHEE THE PUBLIC Utilities Board has appointed a Canadian company to examine whether its existing gas distribution system is suitable for conversion to a natural gas system. Congas Engineering Canada Ltd of
    454 words
  • Article, Illustration
    Lock icon Indonesia and Singapore to increase cultural and educational cooperation, says Dr Tan
    232 18 Bernama AFP INDONESIA and Singapore will step up cooperation in education and culture for mutual benefit, visiting Singapore Education Minister Dr Tony Tan Keng Yam said in Jakarta yesterday. Speaking to reporters after talks with President Suharto at
    Bernama; AFP  -  232 words
  • Article
    Lock icon Indonesian vehicle industry moves into the fast export lane
    421 18 Reuter INDONESIA'S infant car industry is shifting into higher gear with Toyota announcing it will manufacture engines in the country and the first Indonesian-made cars becoming ready for export to America soon. Toyota Motor Co s president. Tatsuro Toyoda, said in
    Reuter  -  421 words
  • Article
    Lock icon Call to discuss business monopoly in Jakarta
    187 18 AFP A GROUP of prominent Indonesian dissidents has urged the Upper House of Parliament to discuss business monopolies and the extent to which people close to President Suharto are involved in practices that run against national interest. In a letter to the People
    AFP  -  187 words
  • Article
    Lock icon Businessman agrees to return to KL for trial
    118 18 Reuter A MALAYSIAN businessman yesterday agreed to return voluntarily to Kuala Lumpur to stand trial on deception and theft charges involving Msl2 million. Court officials in Hongkong said Datuk Yap Sing Hock agreed to waive his rights in an extradition proceeding sought
    Reuter  -  118 words
  • Article
    Lock icon Asian exporters will be hurt by cut in US demand
    423 18 Reuter AFP ASIAN exporting countries face lower economic growth next year as US consumers, jolted by the steep slide on Wall Street last month, spend less. Allen Sinai, chief economist of Shearson Lehman Brothers Inc, told reporters in Hongkong yesterday
    Reuter; AFP  -  423 words
  • Article
    Lock icon Dow Jones lower
    110 18 Reuter WALL STREET stocks were down sharply over a broad area yesterday. Brokers in New York said sellers, including foreign investors. were concerned about a declining dollar and the big US trade and budget deficits, as well as sharp losses abroad. The Dow Jones Industrial Index of
    Reuter  -  110 words
  • Article
    Lock icon Comex gold and silver
    144 18 Reuter COMEX GOLD FUTURES gave back nearly half of their early gains on profit-taking by local traders yesterday, following a rise in sympathetic buying from firmness in platinum and silver. In subdued dealings. December gold retained a net gain of US$2 40 to U*****.60 an ounce,
    Reuter  -  144 words
  • LATE FILE
    • Article
      Lock icon Pledge to attend Manila Summit
      58 18 AFP Philippine Foreign Secretary Raul Manglapus said yesterday that leaders of Malaysia. Thailand and Singapore have pledged to attend the Asean Summit in Manila next month In Jakarta, Philippine Ambassador Ramon Farolan said that President Suharto had formally accepted an invitation. Only Brunei has yet
      AFP  -  58 words
    • Article
      Lock icon Crack troops to protect Summit
      55 18 Reuter THE PHILIPPINES will deploy 10,000 crack troops to protect next month's Summit in Manila, Brigadier-General Ramon Montano was quoted as saying. The head of the Capital Defence Command said recent police raids on suspected communist rebel hideouts in Manila were to prevent any guerilla
      Reuter  -  55 words
    • Article
      Lock icon South Korea investments up
      69 18 Bernama ES-Oan-a/Yonhap OVERSEAS investments of South Korean small and me-dium-sized firms as of the end of September, totalled US$93O million for 514 cases. This compares with the 1986 total of US$633 million in 475 cases, and the 1985 total of US$476 million. This year's total is
      Bernama ES-Oana/Yonhap  -  69 words
    • Article
      Lock icon Australia will overcome
      67 18 Reuter AUSTRALIA is not heading towards recession, despite expectations of lower consumer demand after the share market crash, because of the structure of its economy, Treasurer Paul Keating said. He said major structural changes since the government came to power in 1983 meant Australia was in a
      Reuter  -  67 words
    • Article
      Lock icon King Hussein averted walkout
      62 18 Reuter JORDAN'S King Hussein averted a walkout from the Arab Summit by Iraqi President Saddam Hussein over half-hearted backing for Baghdad in the Gulf War, a conference source said yesterday. He said the King, helped by the president of the United Arab Emirates. Sheikh Zaid bin
      Reuter  -  62 words
    • Article
      Lock icon Saouma again FAO chief
      42 18 Reuter EOOUARO Saouma of Lebanon was elected to an unprecedented third six-year term as director-general of the UN Food and Agriculture Organisation (FAO) yesterday. He received 94 of the votes against 59 for Moise Mensah of Benin. Reuter
      Reuter  -  42 words
    • Article
      Lock icon Indian exports surge
      73 18 AFP INDIA'S exports jumped to USSS.7 billion in the first half of fiscal 1987-88, fuelling optimism that the year's target would be exceeded. Exports during April-September grew by 26.5 per cent over the corresponding period of the previous financial year Exports could surpass the target of US$lO.6
      AFP  -  73 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      192 18 COMPUTERISED CHARTING SERVICE FOR THE LOCAL stockmarket- Chartamatic The best-selling computerised charting service in Singapore Malaysia Provides historical data for all counters on the SES. Used by leading banks, stockbroking firms and diversified institutions Studies Features Trend lines/Bar Charts/Point Figure/Line Charts/Relative Strength Indicator/Momentum/Overbought-Oversold/CADI/Volume Studies/Daily Weekly Price Charts and many mnr«i
      192 words
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  • SHIPPING TIMES
    • Article
      Penang introducing measures to cope with higher box traffic
      632 19  -  By G DURAIRAJ A SERIES OF measures are being implemented by Penang Port to cope with the higher than expected growth in traffic and unusual peaks in demand for its container facilities and services The measures are aimed at improving the
      632 words
    • Article
      Lock icon Topgallant files anti-trust charges against CSX Corp
      93 19 Reuter TOPGALLANT Group Inc has filed a federal antitrust action in the Federal District Court of the Southern District of New York against CSX Corp, and a division of its Sea Land Corp unit. Sea-Land Service Inc. said Topgallant's law firm, Shea and
      Reuter  -  93 words
    • Article
      Lock icon Philseco told not to repair Soviet ships
      138 19 Seatrade Week PHILIPPINE hopes of cashing in on the lucrative Soviet market for shiprepair have been dashed by a policy spelled out by the Aquino government. Invoking security reasons, the Philippines Foreign Affairs Department has ruled that Socialistflag vessels may be handled by
      Seatrade Week  -  138 words
    • PORTSIDES
      • Article
        Barber appoints new sales manager
        27 19 BARBER Wilhelmsen Agencies in Singapore has promoted Margaret Tay. marketing co-ordinator. to the position of sales manager, with effect from Oct 1.
        27 words
      • Article
        Conference to increase CAF
        75 19 THE JAPAN/lndia-Pakistan-Gulf/Japan Conference will increase the currency adjustment factor for shipments to India and Pakistan from Hongkong to 49 per cent from 45 per cent, effective immediately. It said the currency adjustment factor for shipments to the Gulf not covered by the existing temporarily reduced commodity
        75 words
      • Article
        Chinese ferry sinks
        116 19 A FERRY making a sudden turn tipped 53 passengers into a river in Anhui province. China, and 15 drowned The Chinese Liberation Daily said the ferry was carrying more than four tons of grain for sale to a distillery when the accident occurred on Oct 31 The
        116 words
      • Article
        USSR joins Fonasba
        81 19 THE SOVIET UNION has been elected a member of the Federation of National Associations of Ship Brokers and Agents Association general manager Mr John Parket said It is another very welcome sign of glasnost The Soviet Union is a very important maritime power and we are delighted
        81 words
      • Article
        15th century replica sets sail
        94 19 AN EXACT REPLICA of a 15th century caravel set off from Lisbon to follow in the tracks of Portuguese navigator Bartoiomeu Dias the first European explorer to round Cape of Good Hope at the southern tip of Africa The Bartoiomeu Dias commanded by Portuguese Merchant
        94 words
    • Article
      Lock icon Jebsen Group cuts losses by half in first six months
      448 20 Lloyd's List JEBSEN GROUP trimmed its losses by half in the first six months of the current year. The Norwegian bulk shipowner, which is in discussions with its creditors on a long-term refinancing package, incurred a loss of N0rKr70.74 million.
      Lloyd's List  -  448 words
    • Article
      Lock icon BS confident of winning Canadian order
      132 20 Reuter BRITISH Shipbuilder PLC is confident of winning a large share of a Canadian order for 10 to 12 nuclear submarines, financial director John Gray said. "It will be a few months before we know if we have won the contract." Gray said. Canada
      Reuter  -  132 words
    • Article
      Lock icon TANKER RATES
      278 20 AFP DESPITE persistent concern about attacks on neutral shipping in the Gulf States area, the dollar's slide to record low levels against certain major currencies prompted consumer stockpiling and increased demand for tanker tonnage during the past week. Japanese charterers were reported to be particularly active in the
      AFP  -  278 words
    • Article
      INDEX TO ADVERTISERS
      763 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 ARC line V 4 API III 2/3 Arrow lines IX 5 ASCI III
      763 words
    • Article
      LONDON FREIGHTS
      1260 20 END-WEEK chartering on the London shipping freights market on Friday mostly involved North American grain exports with China and North African nations again the principal destinations. Rates again registered little or no change. Chinese operators paid U5526.95 (3.000 discharge free) for a 25.000-ton Nov 15-25 grain shipment from
      1,260 words
    • Article
      Port concessions for Thai-Finnish venture
      234 21 A THAI-FINNISH joint venture has been awarded concession rights to operate and develop the Thai deepsea port of Sattahip. C M Corp and Kone Corp is awarded the concessions after a two-year search for a suitable investor. says Thai Deputy Communications Minister Col Sanan Kachornpraset.
      234 words
    • Article
      Lock icon UK urges IMO to adopt new ferry safety legislation
      226 21 Reuter THE UK has requested the International Maritime Organisation (IMO) to adopt new legislation concerning ferry safety following the capsizing of the ferry Herald of Free Enterprise in March, the IMO said The IMO Assembly is due to discuss, at its
      Reuter  -  226 words
    • Article
      Lock icon Increase in number of ships calling at Hongkong
      119 21 Reuter A TOTAL of 3,787 ships with a combined capacity ot 22.6 million net registered tons (nrt) arrived in Hongkong in the second quarter of 1987. a rise of 376 vessels and an increase of 13 per cent in tonnage terms from
      Reuter  -  119 words
    • Article
      SHIPPING LIST where your ships are due... and when
      8859 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
      8,859 words
    • Article
      SHIPS IN PORT
      1404 27 AT CONVENTIONAL WHARVES MARINA WHARVES Boho" Prosetyo M4B alongside 1011 2300 Vaaael Barth Arrival Departure Bintong Bohogio M2A oiongside 1211 2300 Hotri M3A oiongside *****300 KEPPEL WHARVES Unison Ml M2C alongside 1011 1500 Als telxxx* KI7 alongside 10 II ISOO Bo'om Mul.o M4A *****900 II II 2300
      1,404 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      653 19 Socw: Avatlid l al >11 Good Bookshops by Cambridge University Press. UK STP Distributors Times PubbshtrHi Croup \sTfcoooC^!j «NE SHIPPING AGENCIES (R* No. 2428W OOK) %tllf# 200 Cantonment Read #12-05 Souftpwnt. Sinppor* 0208 MillJ TO *****1 TELEX NO RS 2*179 |f«nT*f|TE»<INAL;CFS Tel *****18 220 r W/J J BOOKINGS T« *****34
      653 words
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      Page 19 Advertisements Column 2
      59 19 JEBSEN GROUP trimmed its losses by half in the first six months of the current year. Page II A THAI-FINNISH joint venture has been awarded concession rights to operate and develop the Thai deepsea port of Sattahip. Page 111 Index to advertisers II Shipping schedules VIII London freights II Container
      59 words
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      Page 19 Advertisements Column 3
      784 19 4 BALT-ORIENT LINE Baltic Shipping Co Refiiar Services from South East Asia to United Kingdom and j nonn uonunemai rons Agent: Singapore Soviet Shipping CoPteLtd Tel: *****33 MAERSK LINE TRANSIT TIME TO CHARLESTON REDUCED BY 5 DATS 29 DAYS FROM SINGAPORE 34 DAYS FROM PORT KELANG 33 DAYS FROM PENANG
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      Page 20 Advertisements Column 1
      855 20 NOTICE SABAH, BRUNEI AMD SARAWAK FREIGHT CONFERBVCE FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE Notice to Shippen Congestion Surcharge The member Lines of the above Conferences have been monitoring the berthing situation at the undernoted ports and have reported and agreed on the following:PORT SUDAN As a result
      855 words
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      Page 20 Advertisements Column 2
      16 20 s rvices represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      16 words
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      Page 20 Advertisements Column 3
      447 20 CHARGEURS RE UN IS f*♦ m F NQUI«»f S 2??3?44 UK 22^W Optorg Shipping Pte. Ltd I Forf Kpianq PeMlmg Jaya 756?593 7d7560« Ppnang *****5 EL M A tVPRESA JNf "S Vi&'* VAS ARGEN T INAS ARGEN T| NE NATIONAL LINE' Loading lor S par* Penang DSN C. Town *Rk>
      447 words
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      Page 21 Advertisements Column 1
      1086 21 P&O .Containers Limited COHTAINERSHP SERVICE TO UK/CONTINENT: FRANKFURT EXPRESS OSAKA BAT KITANO MAJtU LARCS lAY MON6 KONG EXPRESS CARDIGAN RAY SENAVON TOLAGA MY n R'dam It Ha miu <mu UIU iwu UA2 20(12 24/12 *12 21/12 30/12 M/i otn 10/01 11/01 17|01 11/01 Also Accepting Cargo for: Ilniir( la riio»nhuin
      1,086 words
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      Page 21 Advertisements Column 2
      692 21 Now,"K" Line's Sea Rail service blankets the U.S.A. Japan, Korea Taiwan Sing Seattle Dallas Chicago i Columbus Atlanta New \brfc Beach Houston •New Orleans Hong Kong Singapore Port Kelang "K" Line's Pacific Southwest/Chicago- Penang New York Double Stack Train (DST) service route is joined by a new Pacific/ Gulf-Atlanta DST
      692 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      233 22 sr^ Hapag-Lloyd C3NTAINERSHIP SERVICE TO UK/CONTINENT ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS. BELFAST. DUBLIN COPENHAGEN. AARHUS, GOTHENBURC. MALMO. HELSINKI. OSLO, AMSTERDAM CARIBBEAN I S. AMERICA CONV,■SEMI-CONTAINER SERVICE TO EUROPE CONV SEMI CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK CONTINENT mm SOUTHEAST ASIA PTE. LTD. INTERNATIONAL FREIGHT
      233 words
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      Page 22 Advertisements Column 2
      390 22 MC&L.INE FULLY CONTAINERISED SERVICE iii/j tmrrmt TO EUROPE VIA SUEZ Member ol the Ace Consortium mm ifi FROM EUROPE VIA SUEZ fl Member ol the Ace Consortium lULLY CONTAIN!RISED 10 fROM NORTH AMERICA WFSi COAST CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL LEADBON V 44 KUANTAH S'PORE LOADING FOR 16/11 DUBAI.
      390 words
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      Page 22 Advertisements Column 3
      484 22 FREIGHT LINKS EXPRESS PTE LTD ACCEPTING FCL/LCL TO ALL U.S.A. PORTS/INLAND DESTNS. Sailing: 17/11 A 24/11 ORTKELANG PENAN DEP: EVERY SAT: 14/11 A 21/11 WEEKLY CONSOL TO: JAKARTA BANGKOK HONG KONG MANILA KEELUNG/KAOSHIUNG BUSAN TOKYO/YOKOHAMA SYDNEY/MELBOURNE AUCKLAND/WELLINGTON LONDON/FELIXSTONE HAMBURG/ROTTERDAM 14/11 21/11 14/11 21/11 17/11 22/11 21/11 30/11 15/11 22/11 19/11
      484 words
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      Page 22 Advertisements Column 4
      907 22 0 EVERGREEN Full Container Service >ound-The-World East Bound (FE/CARIB/USEC/EURO/FE) SCP HKC KSG KLG PUS OS* TYO KSN EVE* GROWTH 12IU ttfU IKU 2UI iyi> EVE* LIVING/EVER GRAND 17|U SfU 3|U »1 W/12 EVER GENIUS 2*ll 3*ll 202 *iu nrn EWER CHEST W W «U 1W in EVER LINKING W2 W
      907 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      592 23 YC PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE VESSEL SEA DRAOOM SEA HAWK SEA DRAGOM SEA HAWK BANGKOK CONTAINER SERVICE VESSEL JENUNK PIYA BHUM SIRI BHUM SEA FORTUNE SEA PEARL VESSEL KOTA AKBAR KOTA WANGSA KOTA WANGI
      592 words
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      Page 23 Advertisements Column 2
      169 23 ra g,NORBUL NOPBULK CAPGO SERVICES LTD. "tH* regular conventional i TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL 777W66 Kl PK S P YEO SHPC t TRDG KL '83%44 PK J6MIOI PENANG TANJONG MARINE SON BHD TEL 62&575 SABAH TRANSPAC KK TEL 594&8 *****8
      169 words
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      Page 23 Advertisements Column 3
      657 23 ir* BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT Frankfurt ligiiu Own l>) Kitaeo Maru Ufft by Homtonf Eipmi lay hnnw Tolafi Bay Tofcto Eiprtu Kowioon Bay Frank furl I ickmi i/u mm *1 u/i I*l m 11/1 EXPRESS CONTAINER SERVICE FROM UK/CONTINENT MAM I HAVEN DAM HAVRE STON Aitano
      657 words
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      Page 23 Advertisements Column 4
      592 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYB P.T. GESUM LLOYB p.t. SAmißtM msmpm px trikora lloyi EXPRESS SEMI CONTAINERSHIP SERVICES VtSSIL PANJANG/17WB U. RONTANG/IRIB SRWiJAy* 22W8 OCEAN PtMAWTR Sublet Id tnducamant Also accepting cargo to Caaabianca, Pot Said, Pert Aleiandrta, Qanoa, Trtoato. BOTH CONTAINERS, CONVENTIONAL CARGO VIA T/S
      592 words
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      Page 23 Advertisements Column 5
      319 23 BOUSTEAD SHIPPING AGENCIES •SITTWAY V 33 PAGAN VI2OW PA AN VII7W Discharging only. BURMA FIVE STAR SHIPPING CORPOMTIBN (Burmese National Line) 11/13 Nov 13/11 Nov 21/23 Nov Loading for Rangoon P.Kelang Penang Bangkok- IMI Nov £3 BANK LINE EXPRESS SEMI-CONTAINER SfRVICP NORTHBOUND TO UKC SPORE RDAM HULL HMBG IVYBANK V2ON
      319 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      1035 24 p* K"LiriE SHIPPiriG-OflTfi Wb flTLflnTlC COAST (Round-The-World Service) ORIENTAL FRIENDSHIP VS ZZ W Tt ,7L BROOKLYN BRIDGE V 5 «fc, u !I£ •VIA FEEDER PACIFIC SOUTH-WEST FEEDER VSL 'PK/PNG SP MOTHER VSL LA/LB OAK CHICAGO NEW YORK 2.™ ENOSHIP V 5 Sai,6d U Nov AMBASSADOR BRIDGE Vl4 6 Dec 9
      1,035 words
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      Page 24 Advertisements Column 2
      313 24 Accepting LCL and containerised cargo** Direct to South Africa S port I Durban P.Eliz HAYAKAWA MARU 4235F VAAL 433F P.EIil VAAL 3532 C Std NEDLLOYD COLOMBO 4031G Sid C.Town Durban Sid Sid SJd Sid J«rd JARDINE SHIPPING AGENCIES (REG. 242*4/ OOK) 200 CANTONMENT ROAD #12-05 SOUTHPOINT. SINGAPORE 0206 W: *****11
      313 words
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      Page 24 Advertisements Column 3
      732 24 AUSTRALIA EXPRESS CONTAINER SERVI Accepting FCL/FCL ConUlnors P eUn| Lintr VtuM S port llMt From Sfttr AJsc 7D »0« AO* 2/D* Ad* CHANDIDAS V.2921 Doc S Jan 14 Jan 1? j»n Ado INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contain*™ INDIAN COURIER V 2SN THEOOOR FONTANE V UN S O A
      732 words
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      Page 24 Advertisements Column 4
      762 24 STRAITS/PERSIAN GULF SERVICE: GOLDEN WONDER Cotombo Kjrachi Dammarr GOLDEN BEAR Cotombo/Karadii'Dubai'Bahrain CHINA SERVICE A VESSEL X moans, Shanghai BAI YUN SHAN Shangtia. DAI YUN SHAN Tsingtac GOLDEN LINE GU«N GUAN SHIPPING (PTE) LTD >1 k.f, tku| SMSMM DIM TEL *****8* (It LIB) Fai: *****04 PKelang Penang 16/11 Nov 70/22 Nov
      762 words
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      Page 24 Advertisements Column 5
      484 24 HIPPING TIMES. Tuesday, November 10, 1987 EAST/FAR EAST 1 PHILI onl€NT LIN(S PT( LTD h{AO orfict 63 ROI'NSON POAD -C* 1? I AFRO ASIA SUUOit: S NGArOPf O'CS Tf If I RS?O7?OfMa HI 7?55*"6 mi 21/11 5/12. iiu EAST AFRICA MEDITERRANEAN DUBAI DAMMAM KUWAIT, DOHA MUSCAT. BAHRAIN ABU DHAM A
      484 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      1060 25 NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE LTD Ft EU/AUST TPA/SEA Terminal CFS BOOKINGS *****53 27K742 *****22 *****53 27W1J *****16 27*111 27*1« NEPLINE SDN BHD. JHM7 INWARD/OUTWARD NEPLINE SON BHD 2614U3 ENQUIRIES *****44 NEPLINE SDN BHD. *****5/6276«0/U7661/«276<2 NEPLINE SON BHD. *****/*****1 C CONTAINER 42W+ (15/11) 17/11 4,12 W2 HK CONTAINER
      1,060 words
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      Page 25 Advertisements Column 2
      540 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN, INCHON Vessel Name ETD BS BKK •M Enterprise,7l«N 11/10 OS, 11 No 7 Donjm.TOTN B/10 (M/ll No 6 Doium/niN 04/11 No 9 Dofum/TOW 06,11 11/11 No I Don»fli/709N 16/11 27/11 M Enterprise/71SN »IU «/12 Celling Penang on
      540 words
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      Page 25 Advertisements Column 3
      747 25 m 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 KELAMC mMAI Tun Mr OHM „r *ANOUNC SYSTEM CO SON BHD. liDies JATArUn rINANIi. I«.
      747 words
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      Page 25 Advertisements Column 4
      37 25 ZJ* EMBASSY/FRIENDSHIP FREIGHT SERVICES JOINT CONSOLIDATION TEL: *****73/*****32 FAX *****62 TLX: RS *****EFS WEEKLY LCL/FCL CONFERENCE/NON-CONFERENCE SERVICES TO: EUROPE ANTWERP/ HAMBURG/ LE HAVRE/ ROTTERDAM/ UK/ SWITZERLAND FAR EAST BANGKOK/ HONGKONG/ KAOSHIUNG/ KEELUNG SOUTH ASIA BOMBAY/ KARACHI/ MADRAS
      37 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      287 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEI 225 6868 <30 lines' FAX *****39 *****76 TILEX RS ***** A B SSCMA RS ***** A B SSCAO VEJ3DEUTF RACHT/SEEREEDERE I ROSTOCK •INTEGRATED FULL CONTAINER SERVICE *Vl4 COLOMBO Accepting cargo for INDIA Bombay. Cochin, Madras Calcutta ••Vft LARNACA: Accepting cargo for Lattakia. Piraeus, Thessatoniki,
      287 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      175 26 Regional Weather 01 ft o I r/Z m m M >N Ar a 8 z,> H SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed m knots Wave height R Thunderstorm Temperature c X\ A Shower Weather Wind direction with speed in knots t Rom
      175 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      870 27 ScanDutchV TO EUROPE (NORTH CONTINENT-UK-SCANDINAVIA) WEEKLY FEEOER VESSEL P.KLAMG B. ButangjK Bhum 1/11 5/11 B. Bulang.K Bhum 14/11 12/11 B. Butang/K Bhum 21/11 19/11 B. Butang/K. Bhum 21/11 26/11 B. Butang/K Bhum 5/12 3/12 5/11 1/11 12/11 14/11 mi 21/11 26/11 21/11 312 N. Delft/398 Nihon/40( N. Dejima/418 B. Suria/428
      870 words
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      Page 27 Advertisements Column 2
      245 27 UNIPACIFIC TRANS. TRADING AGECY PTE. LTD. IRAQI LINE ■»C S'i'l Sf 'C« *e» MV BABYLON MV ALRAZI MV BAGHDAD MV BASRAH EAST BOUND SERVICE ETA S'PORE LOADINC FOR 20/11 JAPAN WEST BOUND SERVICE ETA S PORE LOADINC FOR SM JMtdah. Ao*lM 2VU JedOah Aqaba Vl2 jeddah Aiutu THROUGH B/Li to
      245 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      392 28 Hai Sun Hup Co (Pte) Ltd j"el *****06 (20 Lines) TLX RS ***** RS ***** Q I \SI I R\ CAR I IM R. I II). CAR CARRIER SERVICE TO MUARA/KUCHING KK Loading at appropriated Berth P4-P5 NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN CHINESE PORTS. SUBJECT INDUCEMENT IMLintermaritime
      392 words
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      Page 28 Advertisements Column 2
      409 28 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMkCOWTAt® SERVICE TO A Ink a Ocun LiN(s Lid. VESSEL MV EFFESSOS ETA SPORE 20/11 25/11 Jeddah, Hodetdah Lagos. Port Harcourt, Oooali and Tema Accepting FCU LCL and BREAKBULK Other West African ports on inducement 7+4 Sgj *.1. IJM m-l
      409 words
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      Page 28 Advertisements Column 3
      220 28 r WEEKLY CONSOL SERVICE TO/FROM KEELUNG ACCEPTING LCL CARGO ONLY ETD S PORE ETA KEELUNG CON-CARRIERS 20/17 11/11 24/11 CON-CARRIERS 21/17 24/11 30/11 CON-CARRIERS 22/17 2/12 1/12 WEEKLY CONSOL SERVICE TO MELB/SYDNEY ETD S PORE ETA SYO ETA MCL 6 CON-CARRIERS 25/17 11/11 1/12 502 CON-CARRIERS 2«/t7 24/11 14/12 20/12
      220 words
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      Page 28 Advertisements Column 4
      537 28 vl.Vl CALL US ATr P. KELANG PENANG VfF 1 J bahru P. GUDANG SINGAPORE iWi&Sa K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER hi' iT7T V!F.': ;ii.;<b-mi!W.'l REGULAR FAR EAST/MEDITERRANEAN CONTAINER SERVICE TO MEDITERRANEAN FEEDER FROM: MEDITERRANEAN vsi
      537 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Property price index 1977-1986 (1985 = 100)
      513 29 Property price index 1977-1986 (1985 100) 3' weeks since world share prices took a sharp nosedive, transactions in the once-ac-tive property market have almost ground to a halt. Buyers of property are holding back in the hope of getting a bargain, while sellers hang on in the hope of a
      Source: Ministry of National Development  -  513 words
    • Article, Illustration
      On common ground
      1400 30  -  DEMAND AND SUPPL Y PROFILE OF A MARKET MOVER By LEE HAN SHIH Property Correspondent WHETHER one holds an optimistic or a pessimistic outlook, it can not be denied that, judging purely from the perspective of supply and demand, the property market is in a much healthier
      1,400 words
    • Article
      Will Ng make the right moves again?
      529 30 resistance by Fodder chairman Hui Shune Ming. In his effort to stay one step ahead of the rising market, Mr Ng s Far East Organisation had also been snapping up land in all parts of Singapore with total cost exceeding $100 million in
      529 words
    • Article, Illustration
      Emergence of an investment market
      1141 31 PROPERTY INVESTMENT BROADLY speaking, prices of all the five sectors of the property market office, residential, retail, hotel and industrial stabilised in 1985 after a few years of uneven decline from their peak in 1981. From the second half of 1986, with the economy returning
      1,141 words
    • Article, Illustration
      Lock icon Preparing the groundwork for hi-tech competitiveness
      1275 32  -  INDUSTRIAL SECTOR By ROGER W PARSONS Director, Knight Frank Cheong Hock Chye Baillieu ACCORDING TO STATISTICS produced by the Ministry of National Development, the overall occupancy rate in the industrial sector rose to 82.3 per cent in December 1986, up from 81.6 per cent
      Source: KFCB Research  -  1,275 words
    • Article, Illustration
      Jolted but still upright after the Crash
      1436 33  -  A CONSULTANT'S VIEW By LOKE FOOK CHUAN Property Consultant THE ECONOMIC DOWNTURN in 1985 and early 1986 came as a shock to many Singaporeans. Accustomed to years of record economic growth It was difficult to believe that the Republic could be so badly
      1,436 words
    • Article, Illustration
      Long-term market performance will depend on outside factors
      474 33  -  By I A. I BOEY YIN SUM Managing Director, Debenham Tewson City Valuers Private Limited THE FREE FALL in stock prices will eventually hit almost everyone, the property market without exception. With our steady momentum of economic growth in the past months,
      474 words
    • Article, Illustration
      A decline in sob storeys
      1333 34 HOTELS The value of hotel properties has undoubtedly declined in the last 3/4 years. But, writes the SINGAPORE HOTEL ASSOCIATION, the year 1987 definitely marks the turning point for the hotel industry. ASSUMING an average market value of $200,000 per gazetted hotel room, the Singapore
      1,333 words
    • Article, Illustration
      Sparking a recovery at all levels
      752 34  -  OFFICES By DANIEL TEO Director, Hong How group of companies DURING THE 1985/86 economic downturn, the government introduced several major policy changes to steer the economy out of the recession. Examples of such changes that had an impact on the property market were URA's
      752 words
    • Article, Illustration
      Private consolidation expected to continue
      912 35  -  A DEVELOPER'S VIEW By KWEE LIONG KENG President, Real Estate Developers' Association of Singapore THE PRIVATE property market in Singapore has seen a substantial recovery so far this year. The upward trend beginning towards the later part of 1986 showed a steady climb with prime
      912 words
    • Article, Illustration
      Lock icon The dream downtown
      1623 36  -  By AU ENG KOK General Manager, URA T. HE City Centre is now Hi the focus of finance, business and tourism. Although the 2,600-hectare City Centre occupies only 4 per cent of the total island area, today it houses 72 per cent of our offices, 54 per
      Photograph of URA architectural model, scale 2.000 : 1, by kind permission of URA  -  1,623 words
    • Article
      What the major home financiers are charging for loans
      171 38 1-5 yrs 6-10 yrs 11-15 yrs 16-20 yrs 21-25 yrs 26-30 yrs Commercial Banks Citibank 6 25 6.75 7.0 7.0 7.0 7.0 DBS Bank 6 5 6.5 675 6.75 6.75 6.75 HongkongBank 6.5 6.5 675 6.75 6.75 6.75 Overseas Union Bank
      171 words
    • Article
      Schedule Of payment (Residential properties)
      201 38 Percentate Order of of purchase payment Progress of work price 1st Payment (A) On obtaining option to purchase On signing of agreement for sale purchase 10% 10% 2nd Payment (B) On completion of foundation work 10% 3rd Payment (C) On completion of reinforced concrete framework
      201 words
    • Article
      Homework for buyers
      1751 38  -  In this and the next page, Banking Correspondent ALVIN TAY surveys the home financing scene to determine if financiers (and borrowers) might still consider themselves at home in this market. Eleven institutions are queried on the fine print in their schemes. ALVIN TAY THE STOCK market crash
      1,751 words
    • Article
      Two important questions
      672 39 HOME FINANCING HOME FINANCIERS are quick to point out that buying a private residential property has never been made so easy. Just choose the property you fancy and see your banker, or vice versa, they say. Thanks to the keen competition among lenders, low interest rates prevail.
      672 words
    • Article
      The fine print
      732 39 BT asked 11 major financial institutions DBS Bank, Oversea-Chinese Banking Corporation, Overseas Union Bank, Overseas Union Trust, United Overseas Bank, Credit POSB, Citibank, Hongkongßank, Singapore Finance, Standard Chartered and Wayfoong Mortgage Finance for the finer details of their housing loans. United Overseas Finance, DBS Finance and Standard
      732 words
    • Article
      When interest pates go up, so will year monthly instalments
      199 39 Monthly repayments for every $100,000 Interest rates* 5 yrs 10yrs 15yrs 20yrs 25yrs 30yrs 5.25 1,938 11 1,092.35 816.48 682 94 606 17 557.64 5.5 1,951.47 1,105 56 830.21 697 33 621.24 573.38 5.75 1,964 87 1,118 86 844 06
      199 words
    • Article, Illustration
      Why property accounts are hard to compare
      2218 40  -  VALUATION By ABBAS H NAKHODA Public Accountant COMPARATIVE ASSESSMENTS of companies on the basis of their published accounts are never a straightforward affair. Due consideration has to be given to differences in their underlying businesses, in the nature of their assets employed, in
      2,218 words
    • Article, Illustration
      The inns and outs of taxation
      1488 41  -  VALUATION By An Inland Revenue Department Valuer THE TAX YOU PAY for your property each year is generally governed by the formula: annual value x 23 per cent. But very often you may pay less because of concessions, rebates and exemptions given. Annual value
      1,488 words
    • Article, Illustration
      How to go about the going, going, gone game
      1180 42  -  AUCTIONS By MARTHA ONG Associate Partner, Jones Lang Wootton AUCTION! Perhaps no other word associated with properties has the power to evoke such disparaging opinions This is because in Singapore, auction has traditionally been associated with sales by mortgagees. Currently more
      1,180 words
    • Article, Illustration
      Prices in a constrained market
      1024 42  -  LAND By WILLIAM LIM WILLIAM LIM, an architect in private practice IN MAJOR urban centres with serious physical expansion constraints or rapid population increase, sophisticated urban planning policies are necessary to meet the competing demand of land The demand and supply equilibrium can only be
      1,024 words
    • Article
      The 'fallout' from the fall — how long will it persist?
      848 43  - The 'fallout' from the fall how long will it persist? WORLD PROPERTY MARKETS By Lisa Belkin THE STOCK MARKET plunge is taking a toll on the US real estate industry, many buyers, sellers, and agents agree But there is little agreement as to whether the disruption is temporary or likely
      848 words
    • Article, Illustration
      Refusing to buckle Under
      910 43  -  By Lee Han Shih WHILE THE CRASH of world stock prices is fuelling fears of a glut in the once-booming Australian property market, a number of companies are still going ahead with major developments and purchases. Just 24 hours after the Crash, Sydney-based Macdow Properties Ltd
      910 words
    • Article, Illustration
      Interest remains active in a vulnerable market
      523 43  -  By Lee Han Shih DESPITE RUMOURS that the Hongkong property market is following its sister stock market towards the worst crash in its history, interest in property as an alternate form of investment remains active. In the Money '87 exhibition, held on the
      523 words
    • Article
      Froth off the top
      751 43  -  By Paul Chaassright ST JOHN HARTNELL was wondering at a recent property auction in Bristol how he could withdraw 17 lots in a row. It was a routine auction secondary property from the West Country and Wales but such a number of withdrawals was something he
      751 words
    • Article, Illustration
      Lock icon Confidence begins at home
      1515 44  -  RESIDENTIAL PROPERTIES By EDMUND TIE Senior Partner, Jones Lang Wootton THE STRONG PERFORMANCE of the Singapore economy which grew by 7.4 per cent during the 2nd quarter of 1987 has accelerated the pace of recovery in the residential sector of the property market. With sentiment improving
      Source: JLW Research  -  1,515 words
  • Page 29 Advertisements
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      288 29 I Itflfl A> Demand and supply Page 2. Property as investment Page 3. IlldlUv* Industrial sector Page 4. Two consultants' views Page 5. Hotels and offices Page 6. A developer's view Page 7. The dream downtown Pages 8& 9. Home financing Pages 10 11. Property accounting, valuation and tax Pages
      288 words
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      256 30 HOME ECONOMICS If you're looking for one of the lowest interest rates and longest repayment periods of any home loan in Singapore, we can save you going all around the financial houses to find them. 6 V-i %onlto 10 years, 6% %on 11 to 25 years and a mere 7
      256 words
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      202 31 FAMILY UFEAT Every bit as important as the house in which you live, are the neighbours you live with. At Flynn Park your neighbours are there because they've opted for the same lifestyle as you. A quiet happy family life based around the home. FIYNN PARK: latest modem decor in
      202 words
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      250 32 Designyour own home loan. At Standard Chartered. Have you ever wanted to design your own home loan? To tailor it specifically to your needs, to make the most of your individual requirements? With Standard Chartered s flexible home loan package you can choose the home loan options that are right
      250 words
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      Page 32 Advertisements Column 2
      183 32 y Profilon Security Rim holds shattered glass in place, safeguarding people and property. Profilon is a protective film that forms a molecular bond with ordinary glass to form an invisible curtain of steel In the event of a burglary, a fire or an act or vandalism. this shield acts as
      183 words
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      294 33 Our FlexiPlan leaflet, obtainable from any DBS Bank branch, shows how you can save the $20,000 on a $200,000 loan. FlexiPlan is flexible It's a term loan, an overdraft or a combination. It finances up to 100% of your property valuation even if CPF funds are not used to assist
      294 words
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      272 34 Talk# Hovel Record-breaking tiers Mk Hi m A recreational haven with spectacular seaview VIEWPOINT located along Singapore's popular East Coast Parkway at Meyer Road will upon its completion in early 1989 prove to be one of the most popular recreational havens with spectacular seaviews. And to top it all, your
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      Page 34 Advertisements Column 2
      145 34 /v* A ■■■■l fan at /■III L.> 1 f■■■■! 'naiinf Llumalloy is more durable and more natural looking than other window films, with greater light transmission and less risk of fading. The mirrored look, associated with reflective films, is virtually eliminated. Better colour stability than dyed films. Better solar properties
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      174 35 INTEREST RATES: IP••-• 9sS& ,3* v &fe», X-'.-. ..t,, t Now get a Fixed Rate Loan fixed for 5 years at 8%. 1 i %f -r IST YEAR 2ND YEAR 3RD YEAR 4TH YEAR STH YEAR Now you can chart out your peace of mind. Here's another great banking idea
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      26 36 Jgo. m fILJ =i l» f -fc'6> PROFESSIONAL YET PERSONAL 65 Chulia Street #39-03/08 OCBC Centre, Singapore 0104 Telephone 532 3888 Tlx RS ***** Fax *****08
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      203 38 We offer home loans without you having to come up with the usual 10% downpayment. Other attractive features include: 100% financing Quick processing Interest only for the first 5 years Fixed rate financing available for the first 5 years Use of all available monthly CPF for instalments Up to 30
      203 words
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      654 39 New! One-Stop Family Insurance. One convenient policy protects your home and family with 9 different covers. Save time. Save Money. Now, it's so easy to insure yourself, your family and your property against almost any misfortune. With our One-Stop Family Insurance, you can secure yourself against financial loss resulting from
      654 words
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      408 40 114 For Sale: Private 115 For Sale: Private Apartments Apartments 116 For Sale: Private 117 For Sale: Private Apartments Apartments 113 For Sale: Houses D 10 LEEOON PK vicinity, s/storey 'bungalow on high ground 27.000 •sq ft 4+ 2. ingrd pool $2 2M "Gateway D.lO MING TECK Pk l)/storey terrace.
      408 words
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      Page 40 Advertisements Column 2
      103 40 PROPERTY TRADING (PTE)LTD I FOR RENT D 9 La Ventura townhse 4rm/att 1800sf f/f $2400 D 9 Yong Ann Park 3rm/att *****f f/f $3500 DlO Balmoral Cresnt Mais 3rm/att *****f f/f $2200 Dll Lincolnvale 3+ 1/att 1780sf f/f $1700 D2O Thomson Grove Condo 4rm *****f f/f $1400 D 5 West
      103 words
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      285 41 REAL COSTS OF WAREHOUSING? If you think that the cost of warehousing is measured only in dollars and cents per square metre, think again. Factors like distance from the wharves, transportation charges, insurance and security are involved, too. Which is why a 'cheap' warehouse could probably cost more than you
      285 words
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      Page 41 Advertisements Column 2
      70 41 Henderson Industrial Park The Prime Location for Business Success Freehold (Statutory •Excellent Location Excellent Investment Land Grant) Opportunities Block 203 12-storey flatted factory/warehouse building. Only 2 units of 3122 sq.ft. 4241 sq. ft. left. Tenanted units also available for sale. bSSST 3 to 4 storeys terrace factory/showroom building. Unit size
      70 words
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      83 42 Office And Shop Space In Both of Singapore's Preferred Locations! COLOMBO COURT Located behind Supreme Court and City Hall Houses the Registry of Companies/Businesses, Stamp Office and other government departments. Wett served by public transport Ample parking space Newly renovated Competitive rental M Attractive rental term Convenient locality Ample Parking
      83 words
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      Page 42 Advertisements Column 2
      150 42 POSB CREDIT POSB. THE FORMULA FOR A COMFORTABLE HOME s s Many Singaporeans have trusted and relied on the POSB way of savings to give them the feeling of security and peace of mind. Now you can enjoy the comforts of home and let Credit POSB take the load off
      150 words
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      277 43 <• 41 W* > -S?' r y 7 (< •< '■'SZHUT ;f. ik, v 4t V, 1 5 >> jr 9 if jk (hi Sfir v..,iJi 1 I "fM tt /T *#5 s V Ot At home in Singapore and around the world Described by the Herald Tribune as one
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      523 44 iFi I tSrc* s: In The Pursuit Of Excellence, There Is Only One c langknß\ri^ .1 »i». i_ ti S*ct(lc*ice LK -/locality. Poised at the very edge of town in the exclusive suburbs of Ifcnglin, Tanglin Park enjoys the peace and tranquility of a country-style setting never too far away
      523 words