The Business Times, 20 November 1987

Total Pages: 32
1 32 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 112/12/86 FRIDAY, NOVEMBER 20, 1987 75 CENTS
    11 words
  • 162 1 Oversea* markets Thursday HK Hong Seng Index 2257.60 (-27.55 Tokyo Nikkei Average *****.80 (-65.69 Sydney All-Ordinaries 1283.9 (-0.5 Wednesday New York (Dow Jones) 1939.16 (+16.91 London (FT 30 Index) 1309.3 (-1.3) (Thursday noon: 1288.9; -20.4 Exchange rales US$: 134.75/85 yen 1.6735/45 DM M$s S$0.8152/59 Simex Evro-$ (Dm)
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  • 46 1 Reuter WALL STREET STOCKS fell in early morning trading yesterday as disappointment spread in the markets that Washington negotiators had not come up with a budget deficit-cut bill. The Dow 30 index fell 11 to 1928 and declining issues led gainers five-to-two. Reuter
    Reuter  -  46 words
  • 51 1 AFP UK SHARES continued to slip on Thursday at mid-session in nervous trading owing to uncertainty over US budget deficit talks. At 1200 hours GMT, the Financial Times industrial share index was down 20.4 points at 1,288.9, and the Footsie 100share index was off 23.1 at 1,640.6.
    AFP  -  51 words
  • 410 1  -  By ELAINE KOH THE SINGAPORE Society of Accountants is investigating a complaint of professional misconduct against two accountants from Touche Ross and Co. filed by the Comptroller of Inland Revenue over an alleged tax offence. The two accountants, Mr Michael Hadaway and Mr Brij
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  • 389 1  -  By SOH TIANG KENG Financial Correspondent THE United States currency, hit by a fresh wave of selling pressure, yesterday nose-dived to a six-year low against the Singapore dollar. In nervous, volatile trading, the greenback opened feebly at 552.0350 against the local currency. It
    389 words
  • 275 1 SHARE PRICES closed easier yesterday in the major world markets in line with the lower US dollar as jittery investors kept to the sidelines to await the outcome of the US budget talks. A foreign broker said that the market was concerned that
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  • 121 1 AFP INDIA'S Birla group plans to invest US$55 million in a rayon fibre manufacturing project in the Philippines, said the Trade and Industry Department in Manila yesterday. Group chairman Adityia Vlkram Birla announced the plan in a meeting on Tuesday with Philippine Trade and
    AFP  -  121 words
  • 647 1  -  Five firms suspected of iipaaiftftrlsetMMtog Seh§ hitures dealing By ALVIN TAY Banking Correspondent POLICE have arrested 34 people, including 12 foreigners, during a three-day crackdown on five companies suspected of trading in Hongkong's Hang Seng index futures without a licence. Starting
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  • 453 1  -  By BOEY KIT YIN DO NOT LUMP Singapore with the "so-called" NICs on the issue of US trade deficit, the Trade Development Board said in a statement issued yesterday in -response to comments made by US Assistant Treasury Secretary David Mulford Trade Development Board
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  • 365 1 AFP PRESIDENT Corazon Aquino filed an urgent Bill in the Senate yesterday, formally dropping a Philippine claim to Malaysia's oil and timber-rich Sabah state. The Bill, which if approved would remove a 24-year-old irritant between the neighbours, was filed less than a month
    AFP  -  365 words
  • Page 1 Advertisements
    • 153 1 A savings and a current account linked up Where we transfer your money from your current account into savings, so it earns you maximum interest Call 225 5225 for more details CmBANKO The world's leading bank For the best in Sichuan and Seafood Dishes Steamed Soup in Green Melon #J3Bl£
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    • 283 1 Full S'pore report, Page 16 Regional markets, Page 18 World markets, Page 19 SMALL- AND MEDIUM-SIZED enterprises are slackening in their drive to set up productivity and training schemes, which could lead to a loss of competitiveness. HOME NEWS, Page 2 US SENATE FINANCE committee chairman Lloyd Bentsen called on
      283 words
    • 127 1 FP4IOZ QUADRUPLE ZOOMING POWER MINOLTA Power-enlarging to 4 times original size. BACK PAGE Shipping Timet comn at a separate aactton today. Maka aura you gat your copy. BALLY of Switzerland ...meets the challenge of today. mtey 'it •v LAWRENCE JEROME The Best of BALLY is to be found at the
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  • Page 2 Advertisements
    • 398 2 See how much money you can save in 30 minutes. We've got an offer that could save you a lot of money. Simply visit an IBM Authorised Dealer and let him demonstrate the IBM i rfr Personal computers. yourself why we've sold a them Take a close look at our
      398 words

  • mm \ssm.
    • 575 3  -  by MARTIN SOONG AUSTRALIA yesterday proposed rotational deployment of its advanced F/A-18 fighter-bomber aircraft to Singapore to replace older aircraft now based permanently in the region. Australian officials told BT that the proposal was put forward by visiting Australian Defence Minister Kim Beazley
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    • 407 3  -  By ANNA TEO SINGLING OUT Precision Optics Training Centre Pte Ltd as a model, the Minister of State for Education, Or Tay Eng Soon, has made another call to employers and industry groups to set up their own training centres. While
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    • 89 3 IN OUR REPORT on Page 9 of Nov 18 s BT, the headline used the wrong initials for the Singapore Advertisers' Association. The correct headline should be "UK lawyer at SAA lunch talk". In another article "Dutch bank sets up offshore branch" on Nov 17, it was
      89 words
    • 181 3 SINGAPORE COMPANIES are increasingly using trade exhibitions in Cologne. West Germany, to market their products worldwide. There were 40 exhibitors and 480 visitors from Singapore at this year's Cologne trade fairs, compared with only two exhibitors 10 years ago, according to Mr
      181 words
    • 227 3 TWO Singapore educational television programmes have won awards in a world contest. The programmes produced by the Institute of Education's Department of Educational Technology. Curriculum Development, bagged prizes in the Japan Prize International Educational Programme Contest 1987. "Growing Up In A Greying Singapore", produced
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    • 321 3  -  By MARTIN SOONG A WORRYING TREND is developing among small- and mediumsized enterprises (SMEs). According to National Productivity Board (NPB) chairman. Mah Bow Tan, SMEs are slackening in their drive to set up productivity and training schemes, which could lead to a loss of
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    • 243 3 NEW ASIA Non-Ferrous Industries started business seven years ago as a small. Chineserun cottage industry turning out brass fittings. Today, with help from the National Productivity Board (NPB) and the Singapore Institute of Standards and Industrial Research (Sisir), the company is expanding,
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  • Page 3 Advertisements
    • 149 3 NTA HOTEL PASS With the NTA Hotel Pass you can get a room in Japan for an unbeatable SsBs/per night Accepted at 86 member hotels in 50 cities throughout Japan, it is an economical alternative for business and pleasure travellers. JAFAN RAIL FASS This pass allows unlimited travel on the
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    • 143 3 MONT BLANC THE ART ifit 0 F WRITING I 7i fi 7a /A A/. r. V/. t V t a /y Km A MONTBLANC THE ART OF WRITING -MEISTERSTUCK" —the pride of the MONTBLANC Collection—is probably the most famous writing instrument of our times. Representing the best in design, it
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  • ASIA-PACIFIC
    • 738 4 ARRIVALS Operator Sorvic* Local From number Hm« MAS MM605 1250 KUL SU SO 203 1300 CGK GU GA902 1310 PDG •A BA11 1325 LHR/MCT SU SQI 1330 SFO/HNL/HKG StA SQ61 1335 BKK SU SQ1S 1350 IAX/HNL/TPC SiA SQI 09 1405 KUL SU SQ455 1410 BWN THAI TG405
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    • 454 4 AFP Reuter US SENATE finance committee chairman Lloyd Bentsen called on Taiwan, South Korea, Singapore and Hongkong to revalue their currencies against the dollar. He told a National Association of Manufacturers meeting in Washington on Wednesday that the four, by pegging their currencies to
      AFP; Reuter  -  454 words
    • 190 4 AP THE LATEST government estimates place the population of Saudi Arabia at about 12 million, according to newspapers. It was not clear whether the figure included an expatriate workforce that is widely believed to be about three million. The 12-million figure was
      AP  -  190 words
    • 651 4 Reuter THE LONG-AWAITED launch of yen commercial paper (CP) issues in Tokyo today highlights the basic dynamics of the Japanese financial system, say bond managers. "The heavy graduated stamp duty on CP is theoretically a burden for issuing corporations, but it's not, it's
      Reuter  -  651 words
    • 368 4 Bernama THE NATIONAL Unity Department programme will be revamped to meet the needs of the times better and enhance its effectiveness in promoting unity in Malaysia. Deputy Minister in the Prime Minister's Department, Raja Ariffin Raja Sulaiman, said in Kuala Lumpur yesterday that
      Bernama  -  368 words
    • 165 4 Reuter MANUFACTURING, construction and other sectors in Hongkong said business in the third quarter of this year improved over the second quarter. The Hongkong Census and Statistics Department said a survey of about 1,000 firms also showed that most businesses expected continued gains in
      Reuter  -  165 words
  • Page 4 Advertisements
    • 373 4 I m \L\ I I I The business person's choice, every I I II I I II II I Tuesday, Thursday. Saturday and Sunday. I Ml I 9% Ml Leaving Changi Airport at 22:05 J- hours and arriving Heathrow early the following morning. Call your Travel Agent or Air Canada
      373 words
    • 104 4 w\ WITH TAIWAN? FAR EAST TRADE SERVICE, INC. CAN HELP YOU Because, we are a non-profit two-way trade promotion organisation jointly supported by over 130 trade associations in Taiwan, Republic of China, for servicing her trade worldwide. IF YOU ARE: Locating trade partners in Taiwan Planning a business visit to
      104 words

  • RES OF THE WORLD
    • 364 5 AP DISSENSION marks talks between White House and congressional negotiators aimed at shaping up a plan to cut the US deficit by US$75 billion over two years. Republican congressmen on the panel said on Wednesday they were troubled by tax increases in the
      AP  -  364 words
    • 241 5 Reuter THE EUROPEAN Parliament voted overwhelmingly to back a proposed reform in the way the European Community (EC) is financed, saying it was the key to setting up a genuine, united common market. The EC Executive Commission proposed these changes so that memberstates' contributions
      Reuter  -  241 words
    • 103 5 AP SOME EMPLOYEES find it hard to believe United Nations warnings that if the US fails to pay its dues to the world body, they won't get their paycheques in December. UN officials issued similar dire warnings in 1986 before the US came
      AP  -  103 words
    • 154 5 AFP BUSINESS organisations of 24 industrial countries have urged the US, Japan, West Germany and other key economic powers to get their act together in order to correct global imbalances and ensure greater foreign exchange stability. The Business and Industry Advisory Committee (BIAC).
      AFP  -  154 words
    • 448 5 AP US TRADE Representative Clayton Yeutter said on Wednesday that failure to enact a trade bill that renews the government's authority to negotiate in Geneva for new global trade rules would mean "increased levels of exasperation" among US allies. Speaking to the
      AP  -  448 words
    • 226 5 UPI A US RECESSION is inevitable next year in the aftermath of the stock market collapse, but lower oil prices could cushion the impact. the research director at Elders Futures Inc said on Wednesday William O'Neill, who monitors economic and geopolitical influences on global markets
      UPI  -  226 words
  • Page 5 Advertisements
    • 33 5 Suits from the Lanvin collection. Cut from the finest quality fabrics AND TAILORED FOR AN INDIVIDUAL FIT. For the man who appreciates the ART OF DRESSING. LANVIN PARIS Boutique Lanvin Hyatt And Hilton
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  • Page 5 Miscellaneous
    • 139 5 Singapore OUTLOOK: Shower* over Mvtril areas In th# morn I Report for 24 hours prior to 7.30pm on No* 19 of the airport: Max lamp. 30 J Aas oc humidity 70 Mln lamp. 25.0 Assoc humidity 04 Hrs of sunahlno 4.05 Rainfall In mm trace RalnteM Ma m«... 140.7 Rainy
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    • 58 5 Doonesbury W&VE GOT ALL TUB INMATES UOCKBPDOm, MRP6N. LOCKED DOWN 7 MHBRB* IN TUB HANDBALL COURTS, SIR. I HOPS THEYtLBE OKAY. 8 SB 4 m <sV -r* BY GARRY TRUDEAU TUB 6UARPS. UJHY REPRISALS WOULDN'T AFSALMJAVS •maybb, A real pos5R* SfBiUTY... NO MORE YEAH? WELL DAIQUIRIS YOU CAN ON MY
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  • TECHNOLOGY
    • 556 6  -  We are still building the infrastructure, says 'father of automation' By JEFFREY TSANG FOR ALL THE TALK about information technology, or IT. we are not in the Information Age. Not yet, says John Diebold. He should know. He is known as the 'father of automation'
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    • TECH -TAKES
      • 227 6 THE MAN who advocated that computers could achieve higher performance if they were simpler, and then created this "back to basics'' computer technology has received this year's Turing Award, the highest honour from the Association for Computing Machinery. John Cocke, a Fellow at IBM's Thomas J Watson
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      • 120 6 SINGAPORE COMPANY CadCam Systems is setting up a regional office to support users of its EE System software together with the software developer Sweden's Betronex Elektronik AB. Cad-Cam Betronex, as the joint venture company, will be called "to establish a new era of service
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      • 181 6 COST has always been a major factor against offshore petroleum production. But a Fran-co-Norwegian project could drastically reduce this prohibitive factor. Named after the god of the sea, Poseidon, the project aims to transport the effluent produced by offshore oil-wells to the shore without any of
        181 words
    • 120 6 THIS IS THE HISTORIC Spruce Goose, the late Howard Hughes's giant seaplane with a wingspan that at 97m is almost twice as wide as a Boeing 747's (60m). The 67m-long relic, built during World War II as a troop and weapon carrier, may be dismantled
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    • 586 6  -  EL. I: mmm Jeffrey Tsang APPLE started it all when Steve Wozniak and Steve Jobs put a piece of high-tech glass called the 6502 among a whole lot of electronic pieces to form the Apple II computer. It was a simple machine, the
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  • Page 6 Advertisements
    • 258 6 FOR ***** YOU CAN GET TO A PLACE WITH THE ATTRACTIONS OF GENTING AND MOUNTAINS MORE. f t 4 r t t x o tjlli i iJ M A I 1 r RELAXING DARWIN FOR ONLY *****. Imagine stepping out at dawn from a sophisticated international casino to survey the
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  • Page 7 Advertisements
    • 385 7 j •*> IMP! i*.. A pw- r« SV A V V ifli CvT A r j 3» 4* r iV jfF 1 <& *4 •J> 4 fit' jfv>y X 3** IWW H m m &#£%M! i? How much will your balance sheet lose in the translation? It doesn't take much
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  • PERSPECTIVE
    • 506 8 INDIAN Prime Minister Rajiv Gandhi's acceptance of the invitation to visit China, following the eighth round of the Sino-lndian border talks, is a positive development. The visit could help unwind the military tensions along the border, but will by no means represent a breakthrough in Sino-lndian relations.
      506 words
    • 1754 8  -  Security guards in Singapore have modernised their operations as well as their professional skills. In spite of this, they feel that they are not getting the kind of respect and prestige they deserve from the public and public authorities. WILLIAM CHIA talks to several agencies. WILLIAM
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    • 543 9 AFP JAPANESE INVESTORS, undeterred by a world financial market crisis and a series of political scandals in France, are flocking to inject billions of francs into the French economy. With France's timid economic recovery threatened by the turbulence of the financial markets, the
      AFP  -  543 words
    • 710 9  -  The political situation in Sri Lanka is highly volatile. Indian troops are carrying the military offensive against the Tamil Tigers to its logical conclusion. Sri Lankan President Junius Jayewardene is facing a backlash from Sinhalese hardliners. It is anyone's guess when elections can
      Reuter  -  710 words
  • Page 8 Advertisements
    • 92 8 New. the Cowboys Dupont SSEwF- TttsT- tf U3 ??^*3 s* £3 *r a. •v v terj, ar" V-- r >r. c- O- Aar •> --j. ■*-<-c:: SS JcT < j'"' 'Ti fei --T <•** M*+* ■V- <* >*»-.' r w **.v-. _v* /r «v j* V A > 'f* -x
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  • Page 9 Advertisements
    • 389 9 We're paving the way into Brunei's 2nd largest industry. mmmm sasfig sn M. Bruneibuild >gg 21 24 April 1988, Hassanal Bolkiah National Stadium, Bandar Seri Beg a wan. The 2nd international exhibition on building materials fr furnishing products. Featuring CONPEX, the International Construction Public Works Exhibition. The Brunei Government's 5-year
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  • Page 9 Miscellaneous
    • 1944 9 CRYPTIC PUZZLE ACROSS 4 Matcheless source of music? (6) 7 Tubes of paste (8) 8 Mostly helpful things to wear? (6) 10 Grub of a popular variety (5) 13 Get together when there's hounding to be done (4) 14 A hit in a foreign language (4) 15 Aunt may be
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    • 36 9 Rristown HIHH ThROUGW OV££Tiroe TONIGHT ft SroPviL FOfcToNC r'A W, V I 1"? •^ir. 3 tv m m nz4 5'C Tgusr me to p«md Tv*e. cfcocx of gcii> *t fHeeND orTne in TWC D£p\D Or NIGMT"
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  • Page 10 Advertisements
    • 656 10 Not everyone deserves the 7501 L. Not everyone cen afford ft. OEFORE you add the new BMW 750iL to your stable of limousines, you may want to consider a few things. The 750iL won't settle for being just another car in your fleet. Call it arrogance. Supreme confidence. It was
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  • Page 11 Advertisements
    • 762 11 mm. Mr- > V:l8£B&8m&;i maM, mm I; frig^SotJr OB JQ&jinZi ~stt II if V n 4^l 4 s; Wk*m r> -A* rh x ii| i v'v? m m s v>- iiiDa *"Vir- W H<l f. «n 1 u 4 <' m-! o i *x-M J i".■' -rtrt] c;I. -i+t -1-.fr.
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  • SPORTS & LEISURE
    • 491 12  -  JBeatre By JAIME LYE THE LAUGHS rose and fell like someone's investment portfolio during the stock market crash at the Hyatt Regency Hotel's din-ner-theatre offering, Rising Damp, this week. JMo dividends were paid at the er\d of the night, but at least the audience went
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    • 108 12 AP THE Soviet Union and its allies are among the 92 countries that have not yet officially accepted invitations to participate in the 1988 Seoul Summer Games. The International Olympic Committee said yesterday that the deadline for responding to the invitations, issued on
      AP  -  108 words
    • 160 12 JIMMY WHITE polished off Ireland's Eugene Hughes 9-4 in their first meeting at the United Kingdom Snooker Championship fourth-round clash in Preston on Wednesday night. He made six breaks of over 50 and in the opening 50 minutes he had gained a
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    • 403 13  -  By WALTON MORAIS SINGAPORE'S Lim Kian Tiong and Lim Swee Wah stayed in the hunt but Malaysia's V Nellan built up a five-stroke lead at the halfway stage of the M 540,000 Malaysian PGA championship in Subang yesterday.
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    • 552 13 Reuter AMERICANS Ben Crenshaw and Payne Stewart each shot two-un-der-par 70 on Wednesday to give the US team a one-stroke lead after the first round of the U*****,000 World Cup of Golf in Hawaii The Irish team of Eamonn Darcy and Ronan Rafferty were
      Reuter  -  552 words
    • 367 13 UPI HELENA SUKOVA. after trailing 3-1 in the second set. continued her mastery over Lori McNeil by rallying for a 2-6, 7-5, 6-2 victory on Wednesday night in the opening round of the US$l million Virginia Slims Championships. Sukova, the seventh seed, now has won
      UPI  -  367 words
    • 208 13 Reuter PAKISTANI squash stars Jahangir and Jansher Khan stayed on course for another confrontation with comfortable first-round wins in the Swiss Masters Grand Prix tournament in Switzerland on Wednesday. World number one and top seed Jahangir beat unseeded veteran Hiddy Jahan 9-3 8-10
      Reuter  -  208 words
    • 165 13 AP THE International Boxing Federation on Wednesday denied without prejudice the protest filed by former IBF light heavyweight champion Bobby Czyz in his Oct 29 title fight against Charles Williams. Williams, who was knocked down in the second and third rounds, rallied to stop Czyz
      AP  -  165 words
    • 593 13  -  MO BUBIHBM with Mike Cashmore AS MEDICAL RESEARCHERS offer evidence that high levels of cholesterol in the blood or serum cholesterol are associated with an increased risk of coronary heart disease, sentiment has built up in favour of cutting down on cholester-ol-laden
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  • Page 12 Advertisements
    • 873 12 s W#jßg ■•> r* Jafeat toe,---* CT :r nji tia BM CONGRATS! You're Our Lucky Winners This Week! MDM LIM AH NEE MR YEK NAI TUNG You can be one of our lucky winners too! Each time you have a lunch or dinner at the Meisan Szechuan Restaurant, you stand
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    • 122 12 Tel: 737 4411 Paramount Hotcf' Where the happy people go < T;\ ty.W4W$ For those seeking more variety, here's a wide assortment of popular favourites as laksa, mee siam, fried noodles, spring rolls, yam cake and more! A delightful local and Western combination! $7+ per person 3pm to 6pm Sats.
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  • Page 13 Advertisements
    • 330 13 Pi 'o VI N 1 1 11!!' mai $b„ Meriion Seafood Buffet It's Meriion Week from November 14th to the 22nd And what better way to create a culinary splash than at our Seafood Buffet Dinner. Available every evening from 6.30 pm to 10.30 pm will be fresh Oysters, Seafood
      330 words
    • 259 13 V> >|| szeayaßn COORT A Free Plate of Sauteed Prawns. Enjoy our house specialties of Smoked Duck, Hot and Sour Soup and Prawns with Dried Red Chillies. And when you have a party of 3 for lunch, this coupon entitles you to a plate of sauteed prawns in hot garlic
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    • 109 13 176, Orchard Road. #03-45/46 Centrepoint. Singapore 0923 Tel: 235-6268. 732-8593 Business Hours: 11.30 am 11.30pm I'IKSIVX CARPET AUCTION Sunday Nov 22.1987 at 2pm. San Marco Marco Polo Hotel Tanglin Road Singapore 1024 Viewing and inspection Trre '0 s. Oriental Carpet Palace (Pte) Ltd fwiiwv 16 m s,o( aDo,e Har,u r
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  • BANKING AND FINANCE
    • 62 14 THE overnight rate on the Singapore interbank market rose 1/2 point to 4 1/2 per cent yesterday. The one and threemonth rates were unchanged while the twomonth rate fell 1/16 point. SI Interbank rates aH7pm yesterday: OfFB MO Ow4 1/2 4 1/4 1-moMti 3 7/« 3 3/4 3
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    • 87 14 Treasury bills P*riod Issue Yesterday's closing Day's code Maturity BIO OFFER HtGH LOW 3 months RQ*****V 19.2.88 3.73 3.68 3.73 3.65 6 months BS*****S 21.4.88 3.60 3.55 3.69 3.54 1 y*or BY*****S 22.09.88 3.74 3.69 3.74 3.70 l Government notes and bonds Period Issue Maturity Coupon Yesterday's
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    • 176 14 Indicates tha ivtfiQt of IN prim* landing rata* of 12 major banks in S'pora Interbank market rates (offer/bid) on Nov 19 us$ DM SWFC Y«n 7 4my IS/I* 13/16 13/16 13/16 3 11/16 9/16 1 5/« 3/i 4 1/16 3 15/16 1 mth 6 IS/1* 13/16 15/16
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    • 918 14 SMGAPORE: The US dollar closed lower against moat major currencies in thin trading yesterday due to uncertainty over the prospect of an accord over the US budget deficit. Dealers said operators were disappointed over the fallurtf of the White House and Congress to reach agreement over the budget
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    • 258 14 Asian market ASIAN DOLLAR deposit rates closed little changed yesterday from its opening levels, after a day of quiet trading, dealers said. They said most operators were cautious following the failure of the White House and Congressional negotiators to reach an accord over the budget deficit talks on Wednesday. Asian
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    • 118 14 100 Iroy Opofi ounces. USS (Mr troy ou m m No. 463.90 r1.00 Ok 464.60 465.10 463.30 464.80 -IjOO ion 467JO -1.00 Fab M 471,00 ***** 469 20 470.80 -1 JO Apr 477.00 477XX) 474.70 476J0 -1.10 Jwi 482.00 492.10 4*1.00 482.30 •1.20 487 60 488 50
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    • 593 14 DECEMBER Eurodollar opened unchanged yesterday from the previous close at 92.43 in a thinly traded market as near-term direction of interest rates was uncertain. Moderately selling pressure owing to disappointment with the pace of US budget deficit talks saw the December contract traded down to 92.38 before finding support.
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    • 1329 14 CURRENCY FUTURES OPTIONS IMM Wtdnndoy, November 18, 1987 •RITISM POUND £28,000; cento per C Mm Dec-c J«k Feto-e Dec-p ian-p FeH 1723 5.05 5-80 0.50 1.63 1750 3.25 4.25 105 2.55 1775 140 2.95 2-05 3.75 1800 0.95 2.10 3.65 1(25 0.45 1-55 545 1*50 0.20 far veh 656;
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    • 117 14 AFP MEXICANS bought US dollars in a frenzied spree on Wednesday, sending the peso to lose between 32 and 60 per cent of its value against the greenback, according to official and private exchange figures. After closing on Tuesday at 1,723, the peso plummeted on
      AFP  -  117 words
  • Page 14 Advertisements
    • 177 14 PANNELL KERR FORSTER WORLDWIDE We, an international firm of accountants and management consultants, are a market leader in hotels, tourism and leisure industry consulting. We invite applications for the following positions in our Singapore office: SENIOR CONSULTANT (Remuneration package of up to $108,000 per annum) Degree in Economics, Accounting and/or
      177 words
    • 95 14 Cf\D 6AI E FREEHOLD SHOPPING- vn wMLL CUM-RESIDENTIAL COMPLEX > i im a /if B Richard Ellis 21 Collyer Quay #12-01 Hongkong Bank Building Singapore 0104 Tel: *****81 aoM) jsbi A 4-storey complex with shops in the ground and 2nd floors, and 6 residential units in the 3rd and 4th
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  • COMMODITIES
    • 446 15 Crude palm oil futures closed lower yesterday in increased trading on renewed selling as operators liquidated positions while awaiting the outcome of the weekly Indian weekly palm oil tender, dealers said. A weaker overnight Chicago soyoil futures close also weighed on prices, they said. Jan and Feb closed
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    • 237 15 Chinese Produce Exchange noon doling pricos on Nov 19 (SS/100 kg) Coconut oil Bulk FOB 93.00 Otd drum FOB 103.00 New drum FOB 107.00 Copra Mixed (loot*) 53 s#fl#rs Pepper Muftfoit whit® FOB NtW 1267.50 Sarawak white FOB foq NIW 1252.50 Sarawak special black FOB NIW 902.50 Sarawak
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    • 162 15 Reuter CRUDE OIL PRICES are at their lowest since April and traders say that only a return to price and production discipline by Opec will stop the fall. In an over-supplied spot market, a cargo of crude oil from Britain's North Sea Brent
      Reuter  -  162 words
    • 109 15 Reuter THE Kuala Lumpur Tin Market price roaa another all cantata cloaa at •W17.<6 a kg yesterday on •upport from continuing demand and Mgher Europaan •pot prtcaa, daalara said. Demand ramainod Arm aa atarllng'a atrangth againat tha ringgit promptad Europaan, Japanaaa and local Intaraat, thay said. Tha local
      Reuter  -  109 words
    • 64 15 DESPITE the recovery in the crude markets, oil products look weak yesterday. Far East markets continued to slip. USS/barr*l Otongt Dubai (D*c) W«* Tuai 16.45 0.07 WTI (DM) 18.68 0.25 Products (FOB S'pore) USJ/borr») Chang* Ktomw r.~j 23.70 20.35 -a 15 -0.50 LSWt 16-75 undi USS/MHM Changs
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    • 166 15 Reuter CBT SOYBEAN futures eased from early highs on trade talk of continued CCC sales and weakness in soymeal, closing on or near the lows, down 4-1/2 to 2-1/2 cents per bushel in moderate dealings, traders said on Wednesday. January settled at $5.70-3/4 after November expired at 1200 CST
      Reuter  -  166 words
    • 157 15 Reuter CBT WHEAT FUTURES closed mixed on Wednesday in diminished trade, ranging from up 2-1/4 cents per bushel in December to off two in new crop September. December settled at $2.95-1/2. The Usda's offer on Tuesday of one million tonnes of US wheat to China under the export enhancement
      Reuter  -  157 words
    • 259 15 SINGAPORE The market closed higher yesterday with December 1 RSS buyers quoted at 210.50 cents a kilo, up 2.50 cents from Wednesday's close. On the TSR-20 market, trading was dull and featureless but prices were marked up in line with the RSS market. December TSR-20 closed two cents higher
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    • 85 15 (canti/kg, 1 -ton pollati) DECEMBER 87 JANUARY 88 (currant month) (forward RAS NOON NOON Buy an Sdltn luyan Saltan SSI 30 11 0.50 313.50 310-50 313.50 S» 30 309.00 311.00 309.00 311.00 MRELB Buyn lwy«rt SAn SMR cv 365 JO 367JON 266.50 368.50N SMR I 265 50
      85 words
    • 266 15 RAS priCOS In S c*nte/kg, FOB in bat« NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 212.00 213.00N 211.50 21 2 JON Int 1 RSS D*c 87 210.25 211.25 210.50 211.00 Int 1 RSS ion 88 209.75 210.25 209.75 210.25 bit 2 RSS OP 209.00
      266 words
    • 349 15 HONGKONG: Gold closed steady in thin and dull trading yesterday, dealers said. They said investors were mostly sidelined following conflicting statements by US congressional and administration negotiators on the prospects of a budget cutting agreement. The metal ended at U*****.50/465.00 an ounce, against New York's 463.80/464.30 close and
      349 words
  • Page 15 Advertisements
    • 512 15 GOOD J Wait no more. Because with the Acer LR-75, you get a laser printer that meets and even surpasses the standards set by the industry leaders. Consider the LP7s's memory 1.5 MB standard. Which means you print an A 4 page of high resolution i type, halftones and sophisticated
      512 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4296 16 THIN TRAOING was the order of the day at the Singapore stockmarket as it moved in line with lower markets in Tokyo and Hongkong. Brokers said prices fell across the board in quiet trading as some nervous investors liquidated their holdings to
      4,296 words
    • 265 16 SINGAPORE Indices No* IS Rises Nov 19 Kwoto lidin '•Hh Plant 170 10 8T Compoafeo ***** 732.74 392 6 IT OS/OS -60 -24 O C 1 C an 386 8TCA0I -6754 -6S34 HWe VM 143 IT 10-dorMA -6843 -6845 rrwnc Shangri-La 498 4 8TO8V *****63* *****95 386
      265 words
    • 3429 16 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number at shares traded shown in brackets in lots of 1,000 units unless otherwise specified. SECTION ONE MOOS TRIAL ft COMMERCIAL *cmo 11.19 B 120
      3,429 words
    • 379 16 HUME INDUSTRIES (MALAYSIA) Berhad: 28th AGM at the Conference Room. 14th Floor, Bangunan Hong Leong, 117 Jalan Bandar. ***** Kuala Lumpur, today. Nov 20. at 10.30am. KUMPULAN EMAS Berhad: 14th AGM at Poinsettia Suites 1 2. 2nd Floor, Tower Block, Petaling Jaya Hilton, No.2. Jalan Barat, ***** Petaling
      379 words

  • COMPANY NEWS
    • 472 17  -  By ELAINE KOH IHD HOLDINGS, the listed Hongkong company headed by Malaysian businessman Ch'ng Poh and which owns Emporium Holdings in Singapore, has scrapped its plans for major property acquisitions with the failure to push through a proposed HK$2O6-million placement of shares. About 50 shareholders
      472 words
    • 513 17 Reuter RANKS HOVIS McDOUGALL PLC is interested in making acquisitions and could raise £400 million for expansion, Ranks general manager Stanley Metcalfe said. Confirming analysts' forecasts of growth through mergers, he told a news conference in London on Wednesday: "We would look
      Reuter  -  513 words
    • 314 17  -  By LISA LEE SINGATRONICS CHAIRMAN and chief executive Eddie Foo Chik Kin has increased his stake in Tonhow Industries Ltd and now holds 6.82 per cent of the company. Mr Foo had informed the Stock Exchange of Singapore that he had on Nov 16
      314 words
    • 612 17 Reuter THE STEEP SLIDE in Hongkong share prices last month has prompted stock analysts to slash their forecasts of locally-listed companies' 1988 profits. Analysts said they have cut estimates of blue chip companies' average net profit growth to about 12 per cent
      Reuter  -  612 words
    • 561 17  -  Underwriters to decide on new terms today By AMY BALAN UNDERWRITERS OF Neptune Orient Lines's massive one-for-one rights issue will be polled for their final decision today on a revised package which will effectively halve the size of the original cash call.
      561 words
    • 277 17 Managers' prims 1 DBS Bonk for Nov 20 Shanton Gr Fund* Jopon Gr Fund* 073 IX 077 135 Singapore Unit Trust Shanton Thrift Fund* 079 079 Tha Com— rc* Th* Savings Fund 088 077 0*5 083 UOB Management 0775 102 S'por* frog Fund S'pore Sac Fund 035 0
      277 words
    • 304 17 Abu Dhabi bank to give Promet the go-ahead PROMET BHD said the National Bank of Abu Dhabi, the remaining creditor bank which has yet to sign the restructuring agreement with the company, has now indicated that it will sign the agreement within the next seven days. This commitment
      304 words
  • Page 17 Advertisements
    • 181 17 13k 1 r► 5» u f i 'a* 5f m 4> i > v.." M mi rfjir-j V n n i R, 3SMK I rrs fe ;I j«l JLLLUJL fit niiß i|iiiriL,i 1 m I _ili ll *yL' ;v: I T*S lift, t i Ifl It; i 58 A warm
      181 words

  • REGIONAL MARKETS
    • 3177 18 THE KUALA LUMPUR stock market ended mixed to easier as light selling towards the close reversed the earlier upswing. Except for a handful of counters, losses were marginal. But the 30-counter New Straits Times Industrial ordinary share index went up 5.24 points
      3,177 words
    • 1458 18 Hongkong Reuter SHARE PRICES in Hongkong closed lower in (airly active trading on late selling pressure yesterday. The Hang Seng index lost 27.55 points to end the day at 2,257.60, after rising some 24 points in early trading. The Hongkong Index fell 14.87 to 1,479.06. Turnover was
      Reuter  -  1,458 words
    • 132 18 NOV 19 WON 1Cheil Sugar ***** unch Daelim irxj O«»woo Corp ***** 400 Daewoo Heavy ***** -50 Daiahin Securities ***** -410 Dong Ah Phar ***** unch Dong Suh Slock ***** 1500 Dongbu Steal ***** 310 Gold Star ***** -50 Hanil Bank ***** 260 Ha ml Cement ***** unch Hankuk
      132 words
    • 495 18 Reuter SHARE prices in Tokyo closed easier yesterday after a roller-coaster day of trading as widespread jitters over the results of US negotiations to slash the federal budget deficit spread throughout the market. The 225-share price index shed 65.69 points to 22.668.80, well off a morning high of 22,869.56
      Reuter  -  495 words
    • 474 18 Reuter THE AUSTRALIAN share market closed steady in very thin trade yesterday as investors awaited further direction from overseas. Brokers said moderate increases in the Dow Jones and London s FTSE 100 share indices failed to spark solid local buying, with all eyes again on the US budget deficit
      Reuter  -  474 words
    • 166 18 Reuter THE SECURITIES Exchange of Thailand Index lost 5.51 points to 285.92 on a turnover of 2,865,971 shares worth 270.25 million baht. Reuter MOV 1* 1 Ao Kham Thai Ayudhya Invwtmant Bangkok Agro-tnd Bangkok Bank Bank Of Ayudhya. Charoong Thai Wira Cabta MKT 72 313 310 309 -3 5
      Reuter  -  166 words
    • 289 18 NOV It NT All Sincara Indus Amia Camant 2 87 73 SO -001 *2 Cathav Com 67 SO -4- 1.5 Chartg Hwa E tank 180 00 5 KM, :SK; 1 mant 57 50 40 70 1 1 4 n. tor 19 90 0 S China Cham 27 10 07
      289 words
    • 94 18 NOV It 1 •tsos Acoje Mining Anglo Phil Apex Mining B 0 036 -0 003 Atlas Con 6 24 50 ♦05 Baguio Gold Basic Petroleum 0 014 uncfc Benguet Con B First Phil Hldgs 790 -06 Lepanto 6 0 47 -0 01 Marcopper 1 04 -0 02 Oriental B
      94 words
  • Page 18 Advertisements
    • 547 18 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF JUSTWELL SHIPPING PRIVATE LIMITED (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 111 North Bridge Road. #26-03 Peninsula Plaza, Singapore 0617, on Wednesday, 11 November
      547 words
    • 562 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KEMBONG SHIPPING PRIVATE LIMITED (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 111 North Bridge Road, #26-03 Peninsula Plaza. Singapore 0617, on Wednesday, 11 November 1987.
      562 words
    • 578 18 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF BAWAL SHIPPING PRIVATE LIMITED (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 111 North Bridge Road. #26-03 Peninsula Plaza, Singapore 0617, on Wednesday, 11 November 1987,
      578 words
    • 6 18 On target, Chart Point every Saturday
      6 words

  • WORLD MARKETS
    • 996 19 New York Reuter A LATE AFTERNOON RALLY lifted Wall Street to a moderately higher close on Wednesday and raised the spirits of investors who had seen the market buckle for much of the day amid pessimistic remarks concerning the progress of budget-cutting talks. The Dow
      Reuter  -  996 words
    • 947 19 London AFP Reuter UK SHARE PRICES declined at the official 0900 GMT opening yesterday after standing mixed initially, but dealers said the falls mainly reflected traders' mark-downs and selling was light. The FTSE 100 opened 12.9 points off at 1,650.8. Most operators are still keeping
      AFP; Reuter  -  947 words
    • 1157 19 Selected indices HONGKONG Hongkong Index Thursdoy 1479 06 Wednesday 1 <93 95 Week ogo 1392 40 All Industrials Thursday Wednesday Week ogo NEW YORK 1992 5 1983 3 1927 2, Hang Seng Index Thursday 2257 60 Wednesday *****5 Week ago 2150 87 Dow Jones weanesoay Tuesday Week ogo 1939 16
      1,157 words
    • 139 19 Reuter SOCIETE JEANNE Lanvin. one of France's oldest fashion and perfume houses. is joining forces with beauty products manufacturer Clarins. In a complex deal. Clarins will acquire a majority interest in a newlyformed holding company which will own 80 per cent of Lanvin. In exchange,
      Reuter  -  139 words
    • 339 19 FT SCANDINAVIAN AIRLINES (SAS) is keen on taking an equity stake in the British Caledonian (BCal) group if the UK airline fails to reach agreement on its takeover by British Airways (BA). SAS president and chief executive officer Jan Carlzon said the airline was considering
      FT  -  339 words
    • 286 19 FT GUINNESS is asking the British High Court to overturn a decision of the takeover panel which could require it to pay approximately £100 million compensation to the shareholders of Distillers for alleged breaches in the takeover code during its £2.5 billion takeover battle
      FT  -  286 words
    • 234 19 AP KUWAIT HAS BOUGHT a 10 per cent stake in British Petroleum Co PLC, the world's fourth largest oil company. The Kuwait Investment Office informed the oil giant that it holds 10.06 per cent of BP'S ordinary shares. BP said on Wednesday.
      AP  -  234 words
  • Page 19 Advertisements
    • 597 19 NOTICES ffiHDB TENDERS CONSERVANCY AND CLEANING WORKS Term Contract tor CONSERVANCY AND CLEANING WORKS to various HOB Area Offices for the Penod from 1 Feb 88 to 31 Mar 89 Zone 2 Category Housekeeping Contractors B1 and above Cost of Documont: $50/Qosing Data: 16.12.87 All HDB registered conservancy and cleaning
      597 words
    • 476 19 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF QUEEN AUTO SUPPLY PTE. LTD. (Incorporated In the Republic of Singapore) (IN LIQUIDATION) (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of QUEEN AUTO SUPPLY PTE. LTD. duly convened and held at M/s
      476 words
    • 995 19 _:("(%@$,-&<,`)^[]}{/+]-&-*'*~[ JEWELLERS PTE LTD (Incorporated in Singapore) At an Extraordinary General Meeting of JADI GOLDSMITHS JEWELLERS PTE LTD duly convened and held at 101 Upper Cross Street #06-10, People's Park Centre. Singapore 0105 on 12th November 1987, the Special Resolutions set oat below were duly paased:RESOLVED That the Company be
      995 words

  • 261 20 AFP AMERICAN Commerce Secretary William Verity told Japan yesterday to open its markets wider but his call for immediate talks on foreign participation in Japanese public works projects was rejected. Mr Verity told Prime Minister Noboru Takeshita that Japan should
    AFP  -  261 words
  • 438 20  -  By BOEY KIT YIN ATTACKS against an apparent hefty imbalance in trade with Singapore are being mounted by the US in spite of latest trade figures which show that the Republic actually has the lowest trade surplus among America's seven major
    438 words
  • 231 20  -  By LOH HUI YIN THE FATE OF Singapore's dutyfree benefits under the United States' Generalised System of Preferences will be decided at a US Cabinet meeting sometime after the middle of next month. US Trade Representative Clayton Yeutter told a delegation
    231 words
  • 331 20 Reuter THE CHAIRMAN of the US central bank said on Wednesday that Congress should repesl the law barring US commercial banks from underwriting securities. Federal Reserve Board chairman Alan Greenspan, in testimony prepared for his first public appearance since the stock market collapse of
    Reuter  -  331 words
  • 208 20 Reuter AT LEAST 34 people died in a massive blaze which tore through London's busiest underground station on Wednesday night, many of them carried screaming to their deaths on a crowded wooden escalator which burst into flames. Rescue chiefs said searing heat and
    Reuter  -  208 words
  • 201 20 Reuter A HONGKONG appeals court yesterday ruled that the acquittal of Malaysian businessman George Tan and three associates of fraud conspiracy was wrong in law. Hongkong's Chief Justice Sir Denys Roberts, speaking for the threejudge panel, said Justice Dennis Barker's decision to acquit the
    Reuter  -  201 words
  • 259 20 AFP INDONESIAN and Vietnamese officials will meet on the holiday island of Bali next week to pave the way tor a "cocktail party" meeting between Cambodia's warring factions, it was announced in Jakarta yesterday. Indonesian Foreign Minister Mochtar Kusumaatmadja told Parliament that Jakarta
    AFP  -  259 words
  • 267 20 AFP FORMER National Bank of Brunei (NBB) chairman Khoo Ban Hock has pleaded guilty to two charges of conspiracy at the High Court in Bandar Seri Begawan, his lawyer said yesterday. Queen's Counsel Colin RossMunro said the prosecution had withdrawn 15 other
    AFP  -  267 words
  • 99 20 AP TEN SOLDIERS were injured by land mines as Thai forces tried to retake a hill that troops intruding from Laos have held for, more than two weeks. A senior Thai army officer aaid yeaterday that the mines were triggered as the soldiers tried to
    AP  -  99 words
  • 98 20 UPI SOUTH KOREA'S gross national product grew by 10.5 per cent in July through September, bringing the GNP growth in the first nine months of this year to 13.5 per cent in real terms. The Bank of Korea in Seoul aaid yesterday that manufacturing
    UPI  -  98 words
  • 99 20 Reuter COMEX GOLD FUTURES edged up in extremely slow dealings early yesterday in response to the dollar's modest early decline and and prospects that US lawmakers will fail to agree to a budget cut that would pre-empt the Gramm Rudman cut. December gold was up US$l.lO
    Reuter  -  99 words
  • 234 20 IMAGINE yourself being burned to a crisp somewhere in the middle of the South China Sea. And while in the same position, being drenched in a storm fuelled by the dreaded north-east monsoon. H that's not all, how about drowning your sorrows with beer
    234 words
  • 214 20 THE Singapore Labour Foundation, which celebrated its 10th anniversary yesterday evening, has accumulated assets worth $65 million. This, said Mr Ong Teng Cheong, secretsry-genersl of NTUC end chairman of SLF. was in tsndem with the country's rapid economic and social development. In the past 10
    214 words
  • LATE FILE
    • 41 20 Reuter TWO OF Japan s main labour confederations formally dissolved themselves yesterday to start a new organisation that seeks more political clout. The two groups will form the Japan Private Sector Trade Union Confederation (Rengo) today. Reuter
      Reuter  -  41 words
    • 43 20 Reuter THE US$2 billion acquisition of CBS Inc's subsidiary, CBS Records Group, by Sony Corp could dent Sony's bottom line in the near term, but is likely to pay off in the long run, analysts said. Reuter
      Reuter  -  43 words
    • 28 20 AFP VIETNAM has apologised for cross-border mortar shelling last weekend, saying it was unintentional, a senior military spokesman said in Bangkok yesterday. AFP
      AFP  -  28 words
    • 24 20 AFP A DEFECTING Chinese pilot landed his MiG-19 jet fighter at a central Taiwan military air base yesterday. AFP
      AFP  -  24 words
    • 32 20 Reuter PERUVIAN potice killed four Maoist guerillas who set fire to a Japanese car assembly plant on Wednesday night after bombings plunged Lima into darkness. Reuter
      Reuter  -  32 words
  • Page 20 Advertisements
    • 122 20 n sick and tired of looking for the right apartment? Why not drop in to our Open House, have a cool drink, enjoy the views and pleasant surrounds, see our "country club" facilities, appreciate the Orchard Rd location and take comfort in tip-top 24 hr security at w I \m
      122 words
    • 91 20 Vmm mm HOW MUCH INSURANCE should you buy to protect your life, home or business? What type of coverage should you get? How do you shop for an insurance policy? This Monday, Business Times will introduce a weekly column that will answer readers' questions about their insurance needs. 'Taking Cover'
      91 words
    • 160 20 y thf CONTOURED Pains in the neck, shoulders or back are often caused by incorrect sleeping posture. To relieve these pains. DENTONS, in conjunction with leading Physiotherapists and an Orthopaedic Surgeon, designed the Contoured Pillow. Made of the unique Dentonfoam, the pillows are therapeutically designed to support the head and
      160 words

  • SHIPPING TIMES
    • 474 21  - Industry needs to make known its career opportunities expert By LINDA CHEE ATTRACTING high-calibre young people into Singapore's Shipping industry would require the sector to make known the wide range of opportunities that are available in port and shore-based careers. Captain L A Holder, head of the Maritime Studies Department
      474 words
    • 339 21  -  From KINGSLEY WOOD LUMUT, the principal sea outlet in Perak, south of Penang Port, is assuming a bigger role in handling bulk cargoes for the northern Peninsular Malaysia. The port, which is about 160 km, south of Penang Port has
      339 words
    • PORT SIDES
      • 113 21 THE PORT of Los Angeles has become the number one container port on the United States west coast, reporting an all-time high of 1.5 million TEUs for fiscal year 1987. The total represents a 23.6 per cent jump over 1986. In
        113 words
      • 92 21 Bernama THE PORT of Fremantle, Western Australia, will hold a meeting of Asian and Pacific port authority chiefs in May next year, according to the AustraliaAsia bulletin released by the Australian High Commission in Perth. The meeting, under the auspices of the United Nations-sponsored Economic
        Bernama  -  92 words
      • 73 21 SPECIALLY processed US beef with high fat content. making for mouth-watering appeal to the Japanese. will be shipped to the Asian country. About 3,000 kg of the highly marbled beef will be flown to Japan as part of an expanding promotion of Montana Beef, said Craig
        73 words
    • 1133 22 Lloyd' s Maritime Asia IF THE THAI merchant fleet is depressingly stagnant. Thai cargoes are definitely not. As any shipping executive knows, empty boxes in Bangkok since March have been worth their weight in silver. It's not just volume; a whole range
      Lloyd' s Maritime Asia  -  1,133 words
    • 221 22 Reuter OIL TANKERS and combination carriers in lay-up, idle or under repair, including vessels inactive at port for two months or more, declined sharply in the month to Nov 16 to reach their lowest level since 1981, London tanker broker
      Reuter  -  221 words
    • 904 22 AB Shpg V s ABC Conlotnef vm 1 Accord Shpg VI 3 Ahrenkiel liner XI 3 Africa Oceon XH 2 ANtrans VN 3 AC Toepfer XI s American Tpt XII 4/5 Anro Service IV 2/3 Arrow Lines IX s Asian Oceon VI 1 Atlas line X 5
      904 words
    • 1690 22 VARIOUS rumours circulated the freight market on Wednesday regarding grain business from the US Gulf to the Continent at higher freight levels but confirmation was not forthcoming, shipbrokers said. The Angelic Protector is said to have been arranged with 65.500 tonnes dw cargo capacity from the Gulf to
      1,690 words
    • 568 23 Lloyd's List THE LUCRATIVE contract to ship more than 3 million tonnes of coal a year from Australia to Turkey has been secured by Norway's Bergesen group. Up to four large bulk or combination carriers may have to be built for the work which
      Lloyd's List  -  568 words
    • 415 23 Fairplay AN ANGLO-DANISH concern, the UK-based OMI and its Danish parent company A/S Roulands Fabriker, has developed a new design of oil skimmer the "Seamop", The "Seamop" is fully adaptable to all conditions and has been corrected to overcome previous operational difficulties
      Fairplay  -  415 words
    • 131 23 Reuter AMSTERDAM PORT'S general cargo sector was hit by its second 24-hour strike in a week as workers protested at the breakdown of pay and work practice agreement talks, a union spokesman said. The strike involves all the 1,000 workers in the sector, which has an
      Reuter  -  131 words
    • 162 23 Reuter INDIA'S south-western port of Cochin plans to build a container terminal on a 160hectare area of reclaimed land. Cochin Port Trust chairman F Babu Paul said. He said a Dutch government team appointed under a recent Indo-Netherlands agreement has begun a
      Reuter  -  162 words
    • 11259 28 3SaB»B A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      11,259 words
    • 1163 28 nc^i? RTN ,G T h! r 2 EPOf T com P' led by Cockett Marine Oil Ltd, shows price ranges in US dollars, instead of single prices for more comprehensive description of the market Prices shown are based on average sized stem Market movements are indicated The
      1,163 words
    • 1408 29 AT CONVENTIONAL WHARVES VmnI Berth Arrival Departure KEPPEL WHARVES Altoeruni Kit a<ongs>de 21 11/1500 Boiyinshon K3I alongside 23 11 0600 Blue Come< K20 alongside 20 II 7300 Equolor K22 oiongs.de 20 II 1200 Koto Be'kot KI7 alongside 21 11/1500 Koto Wongw K32 0 longs >de 2011/1500 Kris
      1,408 words
    • 2000 30 A —B AB Shipping Boustead Shpg Agencies. ABC Containerize NV S pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Lines Sealion Shpg (S). Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK). Alltrans Alltrans Express American President
      2,000 words
    • 480 32 Reuter A 10-YEAR-OLD voluntary UN oil embargo against South Africa has not succeeded and has led to the expansion of an "illegal oil business" with that country, a UN report said. "While small companies and middlemen are reported as being the main
      Reuter  -  480 words
    • 150 32 Nov 19-20 Floating structures and offshore operations. Marine Research Institute. Netherlands workshop. Oosterbeek, The Netherlands. Dec 3-4 Subsea 87. This fourth conference is the review of the latest developments and concepts in subsea engineering and can be expected to attract those interested in design and engineering and equipment
      150 words
    • 61 32 Reuter MARINE TRANSPORT Lines has appointed Dirk Langeveld as executive vice-presi-dent and chief operating officer. Karl L Meyer, chairman, president and chief executive officer of Marine, had also served as chief operating officer. The post of executive vice-pres-ident has been newly created. Langeveld had been
      Reuter  -  61 words
  • Page 21 Advertisements
    • 683 21 STH TIMES v STP Distributors r#m«s PuMs/ung Croup OOCL Orient Oveiqeas Cofttcimi Line WW Hsk SHIPPING AGENCIES (Rm. NO. <242X4/ 00K) 200 CMrtDMiwit tod #12-05 Southpwnt. Sinpporo 0208 T«i 2211)11 TELEX NO K ***** TERMINAL/CFS Td *****18 220 BOOKINGS Td *****34 235 PESAJU JANWNE SMIffING AGENCIES SON. BHD PORT KEIANG
      683 words
    • 100 21 mm IF THE THAI merchant fleet is depressingly stagnant, Thai cargoes are definitely not. Page II THE LUCRATIVE contract to ship more than 3 million tonnes of coal a year from Australia to Turkey has been secured by Norway's Bergesen group. Page 111 A 10-YEAR-OLD voluntary UN oil embargo against
      100 words
    • 743 21 .uIJrOM ,-ff S' »t *11 Good Bookshopt Published by Cambridge ,l»1 1 Cow**** 1 SOW** ii M PubtfhmQ Group n*r MAERSK LINE TRANSIT TIME TO CHARLESTON REDUCED BY 5 DAYS 29 DAYS FROM SINGAPORE 34 DATS FROM PORT KELANG 33 DATS FROM PENANG To Europe—UK Scandinavia Finland M ROTTERDAM (716
      743 words

  • Page 22 Advertisements
    • 475 22 o*2 COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO NORTH CONTINENT EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/ MARSEILLES 16 DAYS SINGAPORE/ BARCELONA (DIRECT) 17 DAYS OUTBOUND TO MEDITERRANEAN MARSEILLES I BARCELONA I ALEXANDRIA! BEIRUT I LATTAKIA pwi'iiga I Mdil MtM TU 1 INeOUND
      475 words
    • 17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 379 22 I CHARGEURS REUNIS i\ i i d;wv a M", ih-M* SPORE LA-REUNION RAINBOW AW 5/12 CR DOUALA WU 24/12 ALBO ACCEPT CAAOO TO MAimmua, LUANDA, I CONKAKT SIN^.APOOf f NQU«e«r s ??3'44 A M ??SS«St* P NOIRE P CENTIL/LIBREVILLE 000 ALA COTONOU LOME ABIDJAN DAKAR a/12 IP 301 mii v®
      379 words

  • Page 23 Advertisements
    • 1033 23 m Mi The Straits Steamship Group Mansfield Container (gT Shipping Re Ltd pfiyyvf P&O IiKV/vdj Containers Limited CONTAINER SHf SERVICE TO UK/CONTINENT: KITANO MARU LAMS lAY hong kong express CAMMGAN lAY KMAVON TOtACA lAY rwto exphtss MMLOON lAY FRANKFURT EXPRESS OSAKA RAY S par* PKlanf Stan H'kuf| S haw 22/11
      1,033 words
    • 601 23 C SAV Ccn-pj" .lSudfiT' r c.r- <r CCrcsSA FEEDER VESSEL CSAV 1 CSAV 2 CSAV 1 SPORE W W urn ■OTHER VESSEL NOCLE ST AH CAR CARRIER m ARICA KM ANTOFVALP SAI 11/12 *2 W W 11/12 W! M *1 11/2 CARGO FOR PUNTA ARENAS. TAICAMUANO (SAN VICENTE) ACCEPTED WITH
      601 words

  • Page 24 Advertisements
    • 290 24 BE Hapag-Uoyd CONTAINERSHIP SERVICE TO UK/CONTINENT CONVjSEMI-CONTAINER SERVICE TO EUROPE CONV/SEMI CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK/CONTINENT I Agents Singapore *****00 K. Lumpur *****25 Booking *****08 P. Kelang *****18 CFS *****40 CFS *****50 Penang *****7, *****2 BIRKART SOUTHEAST ASIA PTE. LTD. INTERNATIONAL FREIGHT FORWARDERS CONSOLIDATION SERVICE WEEKLY
      290 words
    • 766 24 JtC.&LINE Ipi: IfM FULLY CONTAINERISED SERV IC E tmtt tmrnml rut TO EUROPE VIA SUEZ 1 Member of the Ace Consortium 23,11 30/11 6/12 FROM EUROPE VIA SUEZ Member ol the Ace Consort.um S pore N Konf Kaoshiung Busan Osaka Tokyo 24/11 27/11 21/11 1/12 5/12 4/12 1/12 4/12 *12
      766 words
    • 424 24 FREIGHT LINKS EXPRESS PTE LTD ACCEPTING FCL/LCL TO ALL U.S.A. PORTS/INLAND DESTNS. Sailing: 24/11 ft 1/12 to: PORT KELANG PENAN DEP: EVERY SAT: 2S/11 ft 5/12 WEEKLY CONSOI TO: JAKARTA 28/11 5/ BANGKOK 28/11 51 HONG KONG 29/11 4/ MANILA 27/11 3/ KEELUNG/KAOSHIUNG 29/11 6/ BUSAN 27/11 3/ TOKYO/YOKOHAMA 27/11
      424 words
    • 1273 24 EVERGREEN 7 u!l Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SCP MKC KSC KLC PUS 0» TTO UK CHS ever genius Bfu «u vu 2tm m EVER GREET 302 702 Vl2 1102 VIM EVE* LINKING Vl2 I*l2 IVI2 UfU lift ISn EVER GLOBE 1702 21IU ***** 2V12 IVI Z3/1 EVER GENTLE
      1,273 words

  • Page 25 Advertisements
    • 829 25 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE BANGKOK CONTAINER SERVICE NORTH EAST ASIA CONTAINER SERVICE PTYA BHUM SMI BHUM SEA KARL SEA FORTUNE MURORAN. WTC HITACHI. NOO NAOOVA RED SEA/EAST AND WEST AFRICA SERVICE SINGAPORE LOADING FOR:
      829 words
    • 447 25 BEN LINE CONTAINERS TASMAN JEBSEN NEW ZEALAND LINE TO NEW ZEALAND, NEW CALEDONIA FIJI AND SOOTH PACIFIC ISLANDS JEBSEN SOUTHLAND VOY ?QS SIN NOUMEA AKL TA NAP TIM BLUFF 7/12 27/12 VI 8/1 1/1 11/1 14/1 ANANGEL LEADER VOY &S SIN NOUMEA AKL T6A NAP TIM TIM/IY TIM/ON BLUFF 3/1
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    • 594 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYO P.T. 6ESUM LLOYI P.T. SMMOERA INDONESIA P.T. TRIKOfU UOYI EXPRESS SEMI CONTAINERSNIP SERVICES SINGAPORE TO EUROPE VESSELVOY S PANJANfcITW SRIWIMYA72WB OCEAN Wiim L J BONTANCIJM •wi ZTT r" Ysnafewl OMok DJAKARTA LLOYD INDONESIAN NATIONAL LINE EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO
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    • 413 25 Page V BOUSTEAD SHIPPING AGENCIES Snore SITTWAY V 33 M AN VIIM Wt Dk PAGAN VlflW ilt Doc BURMA FIVE STAR (Burmese National Line) Loading for Rangoon P.Ketang Penang Bangkok BANK LINE IVY BANK V2ON PRO-ATLANTICA VIN (CALLING LEIXOES tfl) TAUSALA SAMOA VIIN SPORE ROAM NULL HM6G 22/11 15/12 24/12
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  • Page 26 Advertisements
    • 1330 26 K"LinE SHIPPiriG-DflTfl flTLflriTlC CDfIST (Round-The-World Service) •PK/PNG SPORE LB CHLS ORIENTAL FORTUNE V 6 21 Nov 26 Nov 19 (w 29 rw NEPTUNE JAO€ VlO Sh, 3 0«c •VIA FEEDER NYC MFX 2 Jan 6 Jan 9 Jan 13 Jan PACIFIC SDUTH-UJEST FEEDER VSL 'PK/PNG SP MOTHER VSL LA/LB OAK
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    • 783 26 '/te AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers "RAVIDAS" V 3S 7 DK "CHANDIDAS" V 29 21 Ok IMb From Syflr Aho Accepts 20 Ok Ok 27 Ok Adal/Bos 5 Jan 14 Jan 12 Jan AM/Brn INDIA EXPRESS CONTAINER SERVICE THEOOOR FONTANE V UN S O NACALANO V 37H INDIAN
      783 words
    • 715 26 GOLDEN LINE MKiV GUAN GUAN SWfMG (PTE) LTD V 23. WA rv Str»rl lP" *4 jmurm iim m smjmi <m übi Far smssm STRAITS/PERSIAN GULF SERVICE: Spore P Ketone Pew* OOLOCN WON OCR Cotanbo/Karadw/Dubai/Oemrnair 22/24 Mo* GOLDEN BEAR CotomlxtfKarachi Dubai Bahrain M Dec CHINA SERVICE A VESSEL Xmonj. Shanjhai M«v
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    • 354 26 PHIII-Oni€NT LIN€S PT€ LTD HEAD OFFICE 63 RQSINSON ROAD »C 7 12 AFRO ASIA BUILDING SINGAPORE 01CS TELEK RS ***** PH'LI t.t *****76 EAST/FAR EAST FCL A ICL SERVICE ISTANBUL. HER SIN. TABRIZ. TEHERAN. MOSUL. BAGHDAD. ANKARA. IZMIR DJULFA TRANS-BLACKSEA CONTAINER SERVICE an «,i2 TERESPOL, WARSAW CSRNA PRAHA. ZAHONY. BUDAPEST,
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  • Page 27 Advertisements
    • 1213 27 NEPTUNE ORIENT LINES LTD S NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA Terminal CFS BOOKINGS *****53 *****42 *****22 *****53 *****19 *****11 27*111 77*1* NEPLINE SON BHD. MM7 SSSSSR")^ NEPLINE SON BHD 2*1*13 ENQUIRIES *****44 NEPLINE SON BHD UOKVi?7*o*27Ul*27t&2 NEPLINE SON. BHD. *****0/238M1 FAB EAST/EUROPE FULLY CONTAINERISED A member of th«
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    • 476 27 OOHAM HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON Vmml t Name ETD BS BKK S POKE PKELANC I No 9 Donam/TMN Ufll 23/11 27-29/11 30/11-01/121 No I Dooampm 17/11 21/11 02-OS/12 01-o*l2 M E Pri*e/71SN 21/11 01/12 12-14/12 IS-17/12 J No Dofwm/712N 04/12
      476 words
    • 797 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. KELANC P£NANG H/S HANDLING SYSTEM CO SON BHD M mm Cuyh. Port Keiv* Srfanir, Malaysia CaW«
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  • Page 28 Advertisements
    • 388 28 /r SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 .30 Lines. FAX *****39 *****76 TELEX RS ***** A B SSCMA AS ***** A B SSCAD VE.B DE UTF R ACHT/SE EREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE *VIA COLOMBO: Accepting carp for INDIA Bombay. Cochin, Madras A Calcutta "VIA LAW* AC
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  • Page 28 Miscellaneous
    • 151 28 Regional Weather 4t u ft a VI jr .v v '4i fi It SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO A.M. THIS MORNING. R Thunderstorm Temperoture *q V Shower Weather Wmd <Vec»>on with speed n knots Rom Cloudy Sky Wove he.ght Woce ».o<h or* m*c«ted bt orrowt wk<* w.tfc tfce
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  • Page 29 Advertisements
    • 251 29 ......k IST CLASS CONTAINER TRANSPORT Scan Dutch? TO EUROPE (NORTH CONTINENT-UK-SCANDINAVIA) WEEKLY FEEOCR VESSEL B. Butang/K Bhum B Butang/K Bhum B. Butang/K Bhum B. Butang/K Bhum B. Butang/K Bhum B. Butang/K. Bhum TO RED SEA EAST MEDITERRANEAN WEEKLY 25/11 6/12 2/12 13/12 TO WEST MEDITERRANEAN WEEKLY I*ll 21/11 26/U 28/11
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    • 689 29 UNI PACIFIC TRANS TRADING AGENCY PTE. LTD. IRAQI LINE IMQ I ST ATI fNTf Mlijf f0 ■MlTiVf TRANSPORT EAST BOUND SERVICE ETA S PORE LOADING FOR WEST BOUND SERVICE ETA S PORE LOADING FOR B*^ OAO icddih. Aoatu BafMac MV BASRAH 10/12 Jeddjh Aqaba BigtxJ*! THROUGH B/Ls to BAGHDAD UPON
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  • Page 30 Advertisements
    • 463 30 T» i FINK I.INKH SHIPPINC* PTK LTI) 70 Wiy M 0?C Winnt House Spore 0?0? Tfl ?:W77 (<i Lines) TLX RS ??W1 Fll %F R TAX 27 VH* Europe service -irnrTTTME' T-tm n. j IJM FAR EAST SERVICE m J.U. ii'vivw'-irn MIDDLE EAST GULF SERVICE WEEKLY HKG/CHINA SERVICES TATSUMI MARINE
      463 words
    • 402 30 ZIM FULL CONTAINER SERVICE acceding FCULCL cargoes to USA East ft West Coast, Carribbean.East Canada. HAITI, Port Au Spain, Barbados N. ST. LUCIA UT7TM"MT7» SAVANNAH CALIFORNIA CALIFORNIA TT|.! ni"i'i- ir"?T UaM 23/12 30.12 IHU a/i ACCEPTING CAKO TO ADELAIDE VIA MELBOURNE AND ALSO FCL TO CUAM ZIM EILAT CONTAINER LINE
      402 words
    • 504 30 Everett Lines COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" i. LOADING FOR CALLAO. MATARANI, ILO* AND ALL OTHER PERUVIAN PORTS' WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Penanf* P Kelanf* Sinfapore JOHNEVERETT 2S/26 Nov MURRAYEVERETT 1/2 OK THOHASEVERETT 9/10 Dec yfSji 'EVERETT ORIENT LINE"
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  • Page 31 Advertisements
    • 169 31 ahrenkiel liner service CONTAINER 4 LCL SERVICE TO PORT LOUIS DURBAN S»< m. DSN ALS STRENGTH V64W 30/11 11/12 16/ 12 AR'TA V6SW 08/12 JO/12 25/12 ALS RELIANCE V66W 19/12 31/12 06/01 Accepting Containers lor Johannesburg. Malawi and Zimbabwe also accepting LCL to Port Louis and Durban litWlPTSlaccepting breakbulk containers
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    • 587 31 THE NATIONAL SHIPPING COMPANY OF SAUDI ARABIA Accepting Breakbulk. Ro/Ro, Containers I FCL Containers for Sharjah, Doha and Riyadh. REGULAR RO-RO SERVICE TO USA/CANADA i^v.i; m: i rn. *7.;. i:i■i n 11 *v Also Accepting FCL Containers for Charleston, Miami, Tampa and US Inland Points. Via Baltimore Agents Singapore Malaysia
      587 words
    • 365 31 hL x fIRGH ICEAN LINES v (Perfect China Ocean Shipping Lines) CHINA SERVICES Destinations: Etd. S PORE Etd. PKLG SHANTOU, GUANGZHOU HUANGPU, XIAMEN WFEKLY haikou, zhanjiang XINGANG, QINGDAO SAILINGS SHANGHAI ft OTHER PORTS •v:«; Ml LT» CONSOLIDATION SERVICE FROM: SINGAPORE/P.KELANG PORT LOINS AUSTRALIA BANGKOK KEE/KAO USA iillll MARITIME TRANSPORT MANAGEMENT
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  • Page 32 Advertisements
    • 303 32 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS KK SPORE PK PI REU OBN CT a/11 1/12 11/12 26/12 27/12 2/1 12/1 VELOS I V7t* Wll «/12 11/12 26/12 27/12 'Ahocall* LL. I
      303 words
    • 523 32 COLUMBUS LINE REEOEREI GMBH (A SERVICE OF HAMBURG-SUD) EXPRESS SEM-COWTAWEF SERVICE TO RDM/A'DAM HBG HULL (U.K.) 15/12 19/12 24/12 12/1 16 1 16/1 21/1 2S/1 6/2 10/2 14/2 WORTH BOUND TO UKC IVYBANK V2ON PRO ATLANTIC* VIN TAUSALA SAMOA VUN MORAYBANK V4N Calling Leixoes •Alio Accaptint FCL to Ant«w M'u!!
      523 words
    • 304 32 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 ETO S PORE ETA STD ETA MELB CON CARRIERS 25/17 21/11 13/12 17/12 CON-CARRIERS 28/17 24/11 16/12
      304 words
    • 877 32 /M CALL US ATr P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR %*****/XS7III 04-*****2/4, *****3 07 *****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE OTHER DESTINATIONS AARHUS AMSTERDAM ANTWERP BASLE. BREMEN BREMERHAVEN COPENHAGEN HELSINKI MALMO. OSLO STOCKHOLM UK FROM EUROPE VSL SELANOIA 437
      877 words