The Business Times, 3 December 1987

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 112/12/86 THURSDAY, DECEMBER 3, 1967 75 CENTS
    11 words
  • 158 1 Ovwnm markets Wsdwidoy HK Hang Seng Index 2100.83 1-772 Tokyo NRckei Average *****.49 82.60) Sydney AH-Ordinaries 1307.8 4.5 TuMdoy Now York (Dow Jon**) 1842.34 8.79) London (FT 30 Index) 1249.8 (-1.1 Exchange ritti USSi 133.45/55 yon 1.6615/25 DM S$2.0330/40 M$: S$0.8129/36 Slmax Euro-$ (Mar) 92.25 (-4 US
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  • 369 1 THE US DOLLAR yesterday continued its sharp ascent on world's foreign exchanges, following Tuesday's concerted intervention by major central banks in Europe and Japan. Market expectation of a West German discount rate cut today also lifted sentiments. In Tokyo, the greenback ended at
    369 words
  • 179 1 Reuter A FIVE-MEMBER Indonesian trade delegation is in Vietnam to step up economic ties between the two ideologically opposed South-east Asian nations. The visit follows a successful trip by communist Vietnam's Deputy Prime Minister Vo Van Kiet late last month during which the two countries
    Reuter  -  179 words
  • 185 1 AN EARLY RALLY in the Singapore stock market fizzled out yesterday, and share prices closed marginally higher in very quiet trading. At the close, the Straits Times Industrial Index posted a gain of 3.19 points to 782.45 while the BT Composite Index edged
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  • 49 1 WALL STREET stocks were narrowly lower early yesterday on a weaker dollar and uncertainty about whether West Germany will cut its discount rate, as had been expected. The Dow 30 index was off slightly and near Tuesday's close at 1842. There were more declines than gains.
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  • 39 1 SHARES continued to move ahead on the London Stock Exchange at mid-session yesterday. At 1200 GMT. the FT 30-share index was up 25.2 points at 1,275 and the Footsie 100-share index gained 22.7 points at 1,601.2.
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  • 456 1 UPI CHINA HAS "taken note" of Soviet leader Mikhail Gorbachev's offer for a summit with leader Deng Xiaoping, and hinted at a possible softening of its stand towards its giant communist rival. At a weekly press briefing yesterday, China's Foreign
    UPI  -  456 words
  • 533 1  -  Coffee trader and guarantors dispute claim By ELAINE KOH AN UNHAPPY CREDITOR of troubled Teck Hock and Co has started legal action against the coffee trading giant and three of its guarantors even as a debt restructuring scheme is ready to be
    533 words
  • 812 1  -  By ANNA TEO MAXIMUM SENTENCE of 10 years' jail was yesterday passed on "Abalone King" Ng Choon Ser and his son Ng Khway Tiat. The two men "literally cashed in" on the long-standing trust of their banks, said Senior District Judge E C
    812 words
  • Page 1 Advertisements
    • 80 1 H tiengourtJ? SICHUAN CUISINE King's Hotel Havebck Road Singapore 0316 Tel: 733 0011 r ■1 I 1 I I Mod* 3525 Begin Your Busy Day Right Start off on a right note in the morning. Use Braun micron foil shavers: recognised worldwide as a measure of quality and good design.
      80 words
    • 349 1 ];%|,_'.|<)\^:.(;{[+'$;{["!%[:_ Booming Bank of China BANK OF CHINA was a tinpot financial institution acting as little more than the Chinese "government's cashier" until the late 1970s. However, China's 1979 "open-door" policy has resulted in the transformation of the Hongkong operations of the bank, turning it into a formidable financial group.
      349 words
    • 14 1 Cambodia efforts In 'sensitive' stage, Page 3 Sihanouk and Hun San meat, Back Page
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    • 96 1 <$|<$/*;-'^_];/}_&;)>*$/!^~)%<~ F i i s iSu For only $25 we'll reserve one of these seats for yOll. For just $25 more than the economy fare, experience our excellent new Business Class on the Ultimate 757 to Bandar Seri Begawan. Five abreast seating, choice of meals served on Royal Doulton china,
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  • HOME NEWS
    • 442 2  -  Joint venture with Maldivian government By TONG SUIT CHEE THE BUILDING OF KITCHENS Is one of the latest expertise that §mgapore is exporting. This is no ordinary kitchen, but one that will cost some $2.2 million. It is an in-flight kitchen tb be built
      442 words
    • 139 2 SINGAPORE will be the host of an international conference and exhibition for the printing industry next year. The International Publishing and Printing Opportunities Conference and Exhibition (IPRINT 88) will be held from Jan 13 to 16 at the Mandarin Singapore. IPRINT '88, organised by the
      139 words
    • 233 2 STUDENTS and school leavers will have their attention drawn about 100 different directions when they visit an exhibition organised specially for them. This is the International Education and Career Development Week '87, which has about 100 organisations taking part, all hoping to help
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    • 214 2 LATEST FIGURES for visitor arrivals and occupancy rates in hotels this year continue to indicate marked improvements. According to figures released by the Singapore Tourist Promotion Board, visitor arrivals in September this year totalled 302,983 16.7 per cent higher than that recorded in the same
      214 words
    • 285 2 OF THE 340 quality control clrcies that participated at the two National QCC Conventions held this year, 123 circles reported a total saving of $1.7 million as a result of improvements made in existing systems, quality and services. It is dear
      285 words
    • 453 2  -  By LONG SHIH ROME FROM DEC 12, Christmas shopping, for some people at least, will no longer mean getting stuck in traffic jams, driving round and round car parks, waiting endlessly for taxis or jostling for buses. The more convenient and
      453 words
    • 91 2 THE FUTURE IMPACT of the Oct 19 stock market crash will be discussed at a luncheon talk next week. Mr Michael Wong Pakshong will talk on "1988 growth, recession or slump" at the 54th Indonesian Businees Association of Singapore luncheon. Mr Wong, formerly managing director of
      91 words
    • 41 2 THE Tenders and Contract Section and the Planning Control Section of the Parks and .Recreation Department have moved to a new office at the National Development Building, Maxwell Road. The two sections started operating from the new office yesterday.
      41 words
  • Page 2 Advertisements
    • 289 2 The Swire Group «»*r %>3gEwE *#p§W&3k v i'xS, 3* JT vz&: &r ,i j < i r'<•z y £$r ■;*r How fourteen hours in the air substantially improved her looks. at; £4> Uin vt l ,«v% v 6i4<W :i > s •V. r; »»> til r iktSyl ».f V fl.
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  • ASIA-PACIFIC
    • 113 3 AP SOUTH KOREA S trade surplus from January to November grew to U555.52 billion from U552.93 billion for the same period last year, the Trade and Industry Ministry reported yesterday. The 11-month surplus represented an Increase of US$695 million over that
      AP  -  113 words
    • 191 3 AFP TRADE and investment barriers are hampering the further growth of economic ties between the US and Asean, a Manila economic daily reported yesterday. The Business World, in a special report from Washington quoting a study by the Asean-US Business
      AFP  -  191 words
    • 157 3 AP A REAL ESTATE COMPANY in the South China city of Shenzhen has obtained use of a piece of land for 50 years in what is believed to be China's first land auction. The official Xinhua News Agency said yesterday that 34 enterprises, including 11
      AP  -  157 words
    • 117 3 Reuter INDONESIA will start building its own satellites in the next decade. Minister of Research and Technology Yusuf Habibie told Parliament on Tuesday that Indonesia would have talks with US manufacturers about possible co-production of a new generation of satellites. Indonesia
      Reuter  -  117 words
    • 569 3  -  Sihanouk-Hun Sen meeting will have bearing on problem, says S'pore's UN envoy By LOH HUI YIN EFFORTS to find a settlement to the long-drawn Cambodian problem have reached a sensitive stage, said Singapore's Ambassador to the United Nations, Mr Kishore Mahbubani, as a crucial meeting
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    • 460 3 IHT IN AN EFFORT to prevent, expansion of Chinese and Soviet influence in South-east Asia, Indonesia haa intensified its efforts to draw Vietnam out of isolation by expanding bilateral contacts and promoting a settlement of the guerilla war in Cambodia, according to analysts.
      IHT  -  460 words
  • Page 3 Advertisements
    • 66 3 New. THe GowbcvS Duposrr. .rC i r m r? r~=-r «S»* yp*" —c*-" aK r c*^' 3-: -if •V >' Denim Lacquer. The latest Dupont lighter. S.T. Dttpont Di*trfb«tio«i Ptt Ltd I North Bridge Road #07-01 IoW-0) High Street Centre. Singapore S.T. Dupont Corner Level 2 Galeries Lafayette. Liat Towers
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  • Page 3 Miscellaneous
    • 55 3 vs/''. Now MN Now York Rio 'Janoiro Rom* Son Frft'oo Son Juan Santiago Sao Paulo Sooul Lisbon 11/06 Rain London 09/06 Cloudy Lo* Angoiot IS/09 Cloudy Madrid 13-02 Cloudy Manila 33/22 Oowdy Motooutw 16/11 Showort Moxlco dry 24/10 Gaudy Miami 25/15 Cloudy Montroal 05/02 Cloudy Sydnoy Talpoi Toi Aviv Tokyo
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    • 41 3 ...AND THEN THE TRUCK RUNS OUT OF SAHPMCHE6, JUST AS rr HAS MY TURN! I TELL YA. 1. > j m-iw. M :L' J- K JV THIS TOkJN, NO MATTER NOR/ HARP I TRY/ ±H YEAH? HSU. 1 GOT NEWS FOR YOU,
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  • REST OF HTE WORLD
    • 443 4 AFP THE WEST GERMAN government on Tuesday announced a 21 billion Deutschemark (U5512.72 billion) programme aimed at boosting its economy without stoking inflation. The programme was intended to blunt foreign criticism of Bonn's reluctance to take a leading role in fighting the
      AFP  -  443 words
    • 370 4 Reuter RECORD stock market losses pushed the US government's key index of leading economic indicators down a surprisingly small 0.2 per cent during October, the US Commerce Department said on Tuesday. Analysts said except for the impact of falling share prices, which
      Reuter  -  370 words
    • 444 4 AP THE GLOBAL stock crash and unstable foreign exchange rates threaten to shrink investment and trade worldwide. Japan told ministers and top officials meeting on Tuesday under a 95-nation free trade pact. Japanese Minister of Foreign Affairs Sosuke Uno called for progress in
      AP  -  444 words
    • 431 4 Reuter THE CANADIAN economy expanded by a robust rate in the third quarter of this year, but because of the stock market turmoil economists doubt the pace can be sustained in the coming months. Statistics Canada reported that gross domestic product
      Reuter  -  431 words
    • 211 4 Reuter THE COMMUNIST Party newspaper Pravda on Tuesday urged the state to raise taxes on new cooperative businesses getting too rich too fast. Pravda said some 9,000 cooperatives employing 90.000 people had begun operating this year in a movement picking up
      Reuter  -  211 words
    • 883 4 ARRIVALS Operator dtfVKf number Local ttnw From OA THAI SU IC MAS MAS MAS SU AC CPA MAS GU MA GU SU SU THAI SU MAS GU FUGHTWAYS SU SU SU GU IA SU SU SU su THAI LUFT THAI CPA MAS MAS GU MAS ANZ SU
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  • Page 4 Advertisements
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      110 words
    • 66 4 fI 1/ YI If I 1/ The business person's choice, every I I II 111 I Tuesday, Thursday, Saturday and I 1 f 1 f I \l II I Sunday. Leaving Changi Airport at I vl \V y L l J_ 22:05 hours and arriving at Lester B. Pearson International
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  • BANKING AND FINANCE
    • 445 5 FT ALAN GREENSPAN, chairman of the US Federal Reserve, has backed the idea of establishing a new umbrella regulatory body to supervise US financial markets as part of his drive for domestic banking reform. Mr Greenspain said a financial services
      FT  -  445 words
    • 174 5 DTCs bill seeks to give Bank Negara more powers Bernama THE BANK NEGARA Ordinance Amendment Bill will seek to empower the Malaysian central bank to implement a rescue scheme if deposit-taking cooperatives are unlikely to fulfil their obligations or if they suspend payment to their depositors. Deputy Finance Minister Senator
      Bernama  -  174 words
    • 66 5 THE overnight rate on the Singapore interbank market fell 1 1/2 point to close at 1/2 per cent yesterday. The one-month rate fell 3/16, the two-month rate 1/8 and the threemonth rate 1/16. S$ Interbank rates at 7pm yesterday: Off» WO Sghr 1/2 1/4 1 -month 3 1/4
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    • 343 5 Reuter SWITZERLAND has been lifting its strict bank secrecy in the past five years to help US investigators look into alleged insider trading even though that is not yet illegal in Switzerland, according to a Swiss official.
      Reuter  -  343 words
    • 402 5 Reuter ROYAL BANK of Canada, already Canada's largest bank, has become the country's largest securities dealer at a bargain price with the purchase of a major stake in Dominion Securities Ltd. Analysts said that, unlike other Canadian banks which acquired securities firms
      Reuter  -  402 words
    • 86 5 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months B*****8A 25.2.88 2.67 2.62 2.97 2.54 6 months BS*****S 21.4.88 2.68 2.63 2.95 2.64 1 year 8Y*****T 24.11.88 2.66 2.61 2.85 2.61 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
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    • 188 5 Indicate* the average of the prime lending rate* of 12 ma(or bank* In S'pore Interbank market rates (offer/bid) on Dec 2 us$ DM SWFC Y«n 7 day* 7 1/1* 6 13/1* l/l* IJ/I* 3 3/t 1/4 1 J/3 3/8 4 3/t 1/4 1 m#i l/l* 7 IS/I*
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    • 197 5 AFP THE Vietnamese Foreign Trade Bank has decided to issue special cheques to foreigners in Vietnam to be used instead of local currency or dollars in payments for goods and services from government institutions. The measure, which went into effect throughout Vietnam on
      AFP  -  197 words
    • 337 5  -  By ALVIN TAY Banking Correspondent NZI CORPORATION, the New Zealand banking and insurance group, has purchased 35 per cent of the Zurich-headquartered Foreign Commerce Bank for 150 million Swiss francs (***** million) to be financed by a private placement of notes in Switzerland.
      337 words
    • 619 5 Reuter THE REAGAN administration's apparent willingness to let the dollar fall is receiving cautious approval from economists, but they warn that it could rekindle US inflation and slow growth overseas. The dollar's drop to historic lows is needed to slash the nation's big
      Reuter  -  619 words
    • 166 5 FT THE CHICAGO Mercantile Exchange has delayed the launch-; ing of its gokJ options contract,' which was scheduled to go ahead this week. Despite this week's mailing by the exchange's marketing department inviting traders to come along for today's launch, the exchange
      FT  -  166 words
  • Page 5 Advertisements
    • 127 5 Precision. Skill. Timing. Rolex «i m ■m u* V \s 11 ;r,J%V£r SweH* v: In the world of golf, there are certain characteristics that distinguish every true champion. Those essential qualities that separate the best from the rest. Precision, skill and timing. Characteristics shared by every Rolex Oyster ever made.
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  • MONEY AND EXCHANGES
    • 120 6 Gold futures on Dec 1 100 troy ounces; USS per troy ounce Opt* High Law Dk 488.00 493.20 486JO 490.40 -0.60 Jan 492.90 1.00 F«b 88 493.50 499.60 492JO 496.20 1.00 Apr 499.30 506.00 498.70 502.20 -1.00 Jim 505.00 511.00 504.50 508.30 1.00 Aug 5)5.50 517.00 515
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    • 1269 6 SINGAPORE: The US dollar closed firmer against major currencies yesterday in moderate trading but was below the day's highs, dealers said. The dollar rose fairly sharply at mid-morning on active short-covering in response to Japanese Prime Minister Noboru Takeshita's remarks that major nations are cooperating in the market
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    • 577 6 EURODOLLAR futures opened easier yesterday from Chicago's close as US equities and the US currency edged higher overnight on better US economic figures. March Eurodollar opened lower at 92.23 but trading, however, was mixed with a firmer bias on speculation over a cut in Germany's discount rate. March Eurodollar
      577 words
    • 1431 6 INTEREST RATES OPTIONS Wodnotdoy, O ictmbi r 2, 19S7 EURODOLLAR (SW8EX) Dac 87 cdk a K W puis High law 8o« Mgfc Low 8aa 8900 CAB 8950 277A 274 CAS 9000 J76A 224 CAS 9050 175A 174 CAS *100 126A 124 CAS 9125 102A 99 CAB 1 9150 77A
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    • 344 6 Asian market ASIAN DOLLAR deposit rates closed steady yesterday at opening levels after a day of quiet trading. Dealers said news of a 0 2 per cent fall in US October leading indicators and the Federal Reserve's addition of reserves via two-day system repurchase agreements did not have much impact
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  • Page 6 Advertisements
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      132 words
    • 81 6 SftIKAMfIACW Japanese Restaurant Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16-1- per set, they are easy
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  • Page 7 Advertisements
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      419 words

  • COMMODITIES
    • 667 8 Iran seeks increase of $2 a barrel AFP UPI THE MAIN AIM of an Organisation of Petroleum Exporting Countries meeting in Vienna would be to maintain the price level at US$lB a barrel, Indonesian Oil Minister Subroto said on Tuesday.
      AFP; UPI  -  667 words
    • 368 8 Reuter PRICES OF Darjeeling teas have fallen following Soviet accusations that they contained a fungal toxin, according to brokers in Calcutta. They said the commodity's largest buyer, the Soviet Union, pulled out of the market in the last week of September charging that
      Reuter  -  368 words
    • 92 8 THE KUALA LUMPUR Tin Marfcat price MNd aix centa yesterday to M 517.12 a kg at tha clom due to lack of strong consumer support, and rsvorslng tha racant upward trand, daalars said. Trading waa qulat Starling's relative dacllna against tha rlnggit furthar dlscouragad local buying, and turnover
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    • 126 8 Reuter CBT WHEAT FUTURES rallied from morning lows to close mixed on Wednesday, ranging from down 3/4 cent per bushel in December, settling at the top of a four-cent range at $3.09, to up 4-1/2 cents in thinly traded distant December. Reports that the Usda rejected export bonus bids
      Reuter  -  126 words
    • 74 8 THE Opec meeting on Dec 9 in Vienna continued to dominate the oil markets yesterday. Trade was quiet but market (actors looked distinctly bearish. USt/borr#* Ownga Duboi (Jon) 14.3 J -0.07 Wm Tamo* WTI (Jon) 1147 -0-06 Products (FOB S'pore) US</bii«< OnnQ* Ktfownt 23.65 one* CoaoH 20
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    • 192 8 Reuter CBT SOYBEAN futures rallied from early lows to close Tuesday on a steady note near the highs, up 81/4 to 3-1/4 cents per bushel in moderately light trade January settled at 6.13 after posting a 12-cent range on the day. Strength in soymeal futures and the outlook for
      Reuter  -  192 words
    • 309 8 HONGKONG: Gold closed slightly lower in fairly active trading yesterday mainly on local prof-it-taking, dealers said. The metal ended at U*****.00/50 an ounce against New York's 469 90/490.40 close and the 487.60/488.10 finish here on Tuesday. On the local market gold closed $12 higher at HK54.527 a taei
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    • 395 8 Crude palm oil futures closed marginally higher yesterday on continued better buying interest on the Kuala Lumpur Commodity Exchange. Dealers said following higher Chicago soybean oil prices, palm oil prices traded sharply higher in the morning. Spot month December rose another $2 to MsBB2 per tonne and January
      395 words
    • 246 8 Chinese Produce Exchange Sollori' noon doling pricos on Doc 2 (SS/100 kg) Coconut oil Bulk FOB 93.00 OW drum FOB 103.00 Now drum FOB 107.00 Copra Miiod (Ioom) 53 Pepper Munfok wMt* FOB NIW 1210.00 Sarawak «M(t FOB fa* NIW 1195 00 Sarawak spociol black FOB NIW 845.00
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    • 144 8 SINGAPORE The market closed firmer yesterday with January 1 RSS buyers quoted at 218.25 cents a kilo, up 3.25 cents from Tuesday's close. MALAYSIA Prices remained firmer at the close in moderate trading yesterday. January International Ones RSS buyer strengthened 2.50 cents to close at 267 cents a kilo
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    • 228 8 R AS prices in t owm« fob m bn« NOON CLOSE Bwyors Suiters ftvyors SoAwe m Int 1 RSS Prompt 218.50 219J0N 219.50 220.50H J bit 1 RSS Jon 88 217.00 217 JO 218.25 ****** bit 1 RSS Fob 88 216.50 217.00 ***** 218.25" bit 2 RSS
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    • 81 8 IcanM/kg, 1-ton paten) v JANUARY 88 FBtUAItY 88 (current month) (forward monlli] RAS NOON NOON lvy#n S«Htn •wyen Saflari S» 20 217 JQO 219.00 217O0 2)9.00 SSI 50 215-50 217 JO 215 JO 217J0 MRELB feyta SMI cv 270.50 272.50N 271.30 273JON SMI I 270-50 272-SON 271
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    • 295 8 London Commodity Exchange Bvytf/StNcf dooi Doc 1 (£/torn* 1 Ing pricos on mioss spociflod). Previous doting f porefHtwsk. >rieos In Coif## Bails in-stor« London, tollors option OF London ion 1230/1231 (1233/1234) High/Low 1242/1220 Mar 1255/1256 (1255/1256) Mgh/Low 1264/1245 Salw (3071) Cocoa OK 1060/1062 (1063/1065) Mgh/Low 1071/1060 Mor 1098/1099
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  • Page 8 Advertisements
    • 236 8 V* ,i' <%J 5*3 Ai »Y Seldom does such an investment feet (333 sq. metres), that promise property with the benefits of Number 7 Nassim Road appear on the market. Singapore's premier residential location, guaranteed return fully signed occupancy are to name just a few. Quite simply it is the
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  • FOCUS
    • 790 9 Reuter MIKHAIL GORBACHEV S public admission that, like President Reagan, he is developing space defences has struck some US analysts as proof the Kremlin chief wants to do some hard bargaining at their Washington summit next week. US officials, who have long insisted
      Reuter  -  790 words
    • 430 9 UPI THE MIKHAIL GORBACHEV ,-,who arrives in Washington ;'-next week will not be wearv ing the same aura of politi''cftf invulnerability that armoured him in his first two summits with President Reagan, i/vv- y he charisma that has o-.worked on the rest of
      UPI  -  430 words
  • Page 9 Advertisements
    • 343 9 Good ideas keep coming up TRUE COPYING 1 1 1 r -q i d 1 SHAf p t%• ?'■<' iSy-' •»;T.-.., 5 -i .->W- -*> '■>• V' v -.r-' V'.V *^;v... S X *7 Sharp's compact Z-50 and Z-70 copiers will sit pretty on any desk yet faithfully produce ■BCI
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  • PERPSECTIVE
    • 498 10 THERE WAS A TIME when shipyards in Singapore were so short of orders that workers joked about going to work to play football. Such jokes are no longer heard. The industry has bounced back with an almost startling new vigour after a five-year spell in the pits.
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    • 1412 10  -  The Bank of China today is taking on the best of the world's banks in the British colony of Hongkong and causing them considerable concern. KEVIN HAMLIN in Hongkong looks at the bank's new-found competitiveness which has seen it
      1,412 words
    • 1267 11  -  Twenty-five years after the Sino-lndian war, the border dispute between the two countries remains unresolved. The recent eighth round of border talks between Chinese and Indian negotiators in New Delhi failed to make any breakthrough. A small step forward towards normalising
      1,267 words
    • 1102 11 IT WAS in the late 50s that India set up posts and defences along the Sino-lndian border, but these fortifications could not match the Chinese deployment and airfields in China. General Thapar, former Indian Army chief, was one of the first to warn
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  • Page 10 Advertisements
    • 223 10 M onagers ust anage BT shows you how every Monday. VISIT THE MICROCOMPUTER INDUSTRY EVENT OF THE YEAR The Computer Systems Technology Exhibition Hall 6, World Trade Centre, Singapore December 3 to 6, 1987. It's here, the computer show that's designed for everyone businessmen, professionals, governments, and anyone who needs
      223 words
    • 11 10 STP Distributors 2 Jufong Port Road Singapore 2261 Times Publishing Croup
      11 words
  • Page 10 Miscellaneous
    • 684 10 Bristol^ I'm getting Rid OF THC PICTURE, OF E>IR CMCSTeR-RLKRy, ouK Bei-OVGD Fißm'S Fov->NDef? i DON'T uke. thcuMy MIS F o llol> me round fHe Room CRYPTIC PUZZLE ACROSS 1 Such orders are delivered officially (6) 7 Star going East, possibly. to danger (8) 8 Portions of rabbit stew (4)
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  • Page 11 Miscellaneous
    • 1294 11 TO QGJD [ii^[|(U jy I Pi •I I l-M J. -Jk i Foreign ways are frequently at odds with traditional values. Yet while some parts of the continent can't do without them, not all Africans are content to go on aping foreign ways. A Nigerian mother, for example, insists that
      1,294 words

  • SPORTS & LEISURE
    • 387 12 AFP HUNDREDS of black Zimbabwe schoolboys converge on Harare today for a three-day tournament which it is hoped will help sow the seeds to safeguard the African country's cricketing future. Zimbabwe wants elevation to Test status now but England, Australia and New Zealand question
      AFP  -  387 words
    • 256 12 AFP PREPARATIONS for next year's Olympic Games in Seoul are still on schedule despite freezing weather and a heated presidential campaign in which the sports event has become a key issue. "Elections or not, preparations are moving forward without a hitch to make sure that the
      AFP  -  256 words
    • 156 13 Reuter ARGENTINA'S star and top-seed-ed Gabriela Sabatini beat Jill Hetherington of Canada in the second round of the US$5O,OOO Argentina Open women's tennis championship on Tuesday. In another second round match, played in blistering heat on the centre court of the Buenos Aires Lawn Tennis
      Reuter  -  156 words
    • 335 13 AP BRITISH TENNIS, shocked and appalled by the on-court tantrums of John McEnroe and other players, is breeding a generation of temperamental teenagers of its own. According to the survey of 120 British tennis clubs, conducted by Tennis World magazine and the Nabisco
      AP  -  335 words
    • 169 13 AFP SWEDEN'S Per Eklund and his English navigator Dave Whittock, disqualified from second place in the RAC Rally in London after scrutineers declared the inlet valves on their Audi Quattro iljegal. are taking their appeal direct to the world governing body FISA. Eklund and Whittock
      AFP  -  169 words
    • 672 13 NYT FROM LOS ANGELES to Tel Aviv, Paris to Johannesburg, Brad Gilbert's road to the Nabisco Masters was an eight-week Odyssey that ended in Itaparica. Brazil, last week, on a hard court baked by temperatures exceeding 100 degrees. Gilbert had played every week since
      NYT  -  672 words
    • 471 13 UPI THE CITY of San Diego, which stands to lose a US$l.2 billion economic windfall, has announced plans to appeal a ruling that could torpedo plans to stage the 1991 America's Cup. The San Diego City Council on Tuesday agreed the community had a
      UPI  -  471 words
    • 448 13 AP WHEN EX-HEAVYWEIGHT champion Larry Holmes arrived in New York for Tuesday's news conference to promote his Jan 22 comeback fight against Mike Tyson, he extended his hand to the man who now holds the title. Tyson, however, was not interested in the gesture.
      AP  -  448 words
    • 496 13  -  Jranklif. speaking,... r -by BRIAN MILLER SHOULD Harith Azman Lim successfully defend his World youth darts title in London tomorrow. there'll be just one person to thank his sponsor, Sunrise Company. After all, if not for them Sunrise, that is Harith would not have
      496 words
  • Page 12 Advertisements
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      234 words
    • 227 12 MING COURT HOTEL SiNC.AKtftfc Ming Palace Steamboat V^-i;w vV i a r Bring your family and friends and enjoy our steamboat buffet ainner laden with fresh prawns, succulent seafood, fresh vegetables, eggs and noodles. Cook up a steaming hot, mouthwatering meal... mmm then take a second helping or more. Share
      227 words
    • 158 12 FASHIONABLY HYATT Join the fashion-conscious every Thursday (3.00 6.00 pm) in The Lounge. Watch our models parade the latest collectioas while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus.show at $10.50 npr Plus 10% Service
      158 words
    • 253 12 I es! They're free when you order a similar drink during our JoOy Hours from 10pm to lam Mondays to Fridays. Phis 25% off other drinks by the glass with no cover charge for non-diners. Lunch: Noon 3pm MMj Dinner: 7pm 10pm fSrViM'i fn Supper: 10pm Midnight dnoa fll Live
      253 words
    • 286 12 The finest Beijing cuisine from Pine Court, with complimentary Hennessy Cognac MENU I includes steamed live sea-fish, stuffed black mushroom and Peking Duck. Price: $688* nett per table. Complimentary bottle of Hennessy XO. MENUH includes braised shark's fin with chicken sauce, braised abalone with green vegetables and sweet sour garoupa.
      286 words

  • Page 13 Advertisements
    • 283 13 V m m ss in V) übertiadfttU 3 a i So much to choose for only $18.50. A sumptuous spread with many different types of appetisers, hot and cold soups, a salad selection ...superb pastries, truffles, fortes ...cheese board, fresh fruit freshly brewed coffee All for $18 50 And for
      283 words
    • 227 13 PALM W GRILL An elegant and intimate ambience. With exceptional French and Continental cuisine. And the very finest wines from our exclusive cellars. BUSINESSMEN'S SET LUNCH $32+ Closed on Sundays. Saturday dinner only. Westin Plaza, Ist Floor. For reservations, call 338 8585. ext. ***** or 330 8310. The Westin Plaza
      227 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4294 14 SHARE PRICES only rose slightly in quiet trading despite an early rally due to profit-taking and lack of follow-through buying. Brokers said the market gained ground in early trading because of modest gains in the New York and Tokyo stock markets and a firm
      4,294 words
    • 266 14 SINGAPORE Indlcss Doc 1 Rites Opt 2 UMW •OX UH •T CiapoiPi 6*9.67 699.79 F I N 710 *10 IT 09/OS -445 -552 M Iffiriti 710 10 BT Cadi -7267 -7306 J C b* 100 10 •T !0-4oy MA -6967 -7022 Ma»d 4 277 9 IT 09V
      266 words
    • 3325 14 BID aad offer prion officially listed aad hirtiif in and reported to the Stock Bad—ae at angapare yesterday with the amber of rinrei traded riwn to bracket» to km of I.MO anlt» anleei otherwise specified. SECTION ONE MOUSTMAL A COMMERCIAL acm (1.07 b iii hi
      3,325 words
    • 148 14 TASEK CEMENT Berhad: 26th AGM at the Factory, Tasek Industrial Estate, Tasek Drive, Ipoh tomorrow at 11.30am. AYER HITAM TM DREDGING MALAYSIA Berhad: 11th AGM at Cempaka Room, Equatorial Hotel, Jalan Sultan Ismail, ***** Kuala Lumpur on Tuesday, Dec 8, at 10.30am. AMALGAMATED INDUSTRIAL STEEL Berhad: 17th AGM
      148 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • 466 15 BONVESTS HOLDINGS, whose plans to buy three assets through a new shares issue have been aborted, has now also called off the proposed purchase of a piece of land at Anderson Road. The property, along with Orchard Building, was to have
      466 words
    • 137 15 UNITED INDUSTRIAL CORPORATION said it has issued and allotted on Dec 1 a total of 44.76 million new shares, in exchange for 89.53 million shares in First Capital Corporation under its takeover offer. The relevant share certificates were despatched yesterday to acceptors
      137 words
    • 459 15 THE ON-OFF application for listing of Genting International Ltd a casino operator spun off from Genting Bhd on the Hongkong Stock Exchange is now on again. Sun Hung Kai International Ltd, financial adviser to GIL, said the company has applied to the Hongkong
      459 words
    • 393 15 Reuter TRADING on Singapore's second exchange, the Stock Exchange of Singapore Dealing and Automated Quotation System (Sesdaq), has slowed sharply because of the global stock market crash on Oct 19. Dealers said average daily turnover fell below one million shares in November
      Reuter  -  393 words
    • 360 15 Bernama ES AMALGAMATED STEEL Mills Bhd (ASM) has varied the terms of its proposed takeover of Inview Corporation Sdn Bhd, as a result of the recent substantial price fall of its shares on the Kuala Lumpur and Singapore stock exchanges. ASM said in
      Bernama ES  -  360 words
    • 553 15  -  By LISA LEE INNOVEST BHD is going after a bigger bite of the growing regional fast-food business with its imminent acquisition of the Shakey's pizza franchise for Singapore. Malaysia, Thailand, Hongkong and Taipei. The diversified company, which has targeted the food industry
      553 words
  • Page 15 Advertisements
    • 312 15 Business Quiz on achievement $5,000/- to be won! Business Times and DHL are running the Business Quiz contest in conjunction with the BT-DHL Businessman of the Year Award. Write your answers in the official entry form. (Hint: Answers can be found in articles which appeared in Business Times during the
      312 words

  • REGIONAL MARKETS
    • 389 16 Reuter AUSTRALIA'S anti-monopo-ly agency is investigating reports that the new owners of media group John Fairfax Ltd plan to sell certain strategic assets to Rupert Murdoch's News Corp Ltd. The Trade Practices Commission (TPC) said both companies had been asked to explain reports
      Reuter  -  389 words
    • 166 16 Reuter THE JAPANESE Post and Telecommunications Ministry has approved a licence for International Oigital Communications Inc (IDC), in which Britain's Cable and Wireless PLC holds a nearly 17 per cent stake, to enter Japan's overseas telecommunications business. a ministry official said. The ministry has
      Reuter  -  166 words
    • 3001 16 AN ENCOURAGING opening turned sour for want of follow-through support and share prices fell back to close mixed to easier on the Kuala Lumpur stock market yesterday. Losses were mostly marginal and were probably due more to a lack of buying interest than selling
      3,001 words
    • 1399 16 Hongkong LIGHT institutional selling •rastd Mrly gains, sanding share prices to a slightly lower cloee yesterday. brokers said. The Hang Seng Index eassd 7.72 points to 2.100.83. sfter rising nearly 12 points at noon. Turnover slid to its lowest level in more than seven months. falling to
      1,399 words
    • 141 16 etc m ChaM Sugar Oaaltm Ind Dtwoo Corp Oaa»oo Haavy WON 39M0 2saoo ***** ***** ••0 -300 200 unch Daiahin Sacuritiaa ***** ♦210 Dong Ah Phar ***** -100 Oong Soh Slock ***** 210 Oonobu Slaal ***** 1000 Goto Star Hantl Bank Ha nil Camant Hanhuk Otaaa Hanyang ChamicaJ Hyurxiai
      141 words
    • 488 16 SHARE PRICES closed higher yesterday but were off their peaks as the optimism sfter Tuesday's gain on Wall Strset end a steadier dollar faded. A broker said: "Investment trusts placed orders yesterday morning but alter that sentiment changed and the market became quiet" The Nikkei Average gained 82.60 points,
      488 words
    • 407 16 Reuter THE AUSTRALIAN share market ended slightly firmer yesterday after an uncertain opening and a sluggish session, but interest was selective and trading volumes relatively thin. Brokers said light bargain hunting among industrial issues offset bearish sentiment towards gold and base metal stocks after a slight fall in bullion
      Reuter  -  407 words
    • 155 16 Reuter THE SECURITIES Exchange of Thailand Index lost 3.91 points to 274.01 on s turnover of 2,285,913 shares worth 289.68 million bahts. Reuter DCC M •ANT Ao Kham Thai Ayudhya 1WKM Pawflto* Aground ft ri Banlr M''* Bank Of Ayudhya.. nl 222 ....307 308 -22 -4.5 unch unch Charoong
      Reuter  -  155 words
    • 274 16 Dec 83 NTS All Slncara indua 3 25 unch Alt Camant 71 50 -2 Catfxty Cona ...77 50 •2 Chang Hwa Bank 224 00 unch Chang Loong Chta Hain Camant ...S8 00 -1.5 Chin Hain Flour 1940 •08 China Chant X 80 0.3 China Dav 75 50 -2 China
      274 words
    • 84 16 C*C 03 PCtOS Acoft Mining Anglo Phil Apex Mining B Anas Con B 0 04S 27 -0 0046 •0.9 Baguto Qotd Bmk P#tro4ount 0 013 -0 001 Bonguot Con B. W unch Fir*» Phil Hldga a -07 0 51 -001 Mtreoppy 101 -006 Oriental B 0 066 -d oik
      84 words
  • Page 16 Advertisements
    • 512 16 NOTICES LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid SRI HARTAMAS CORPORATION BERHAD Certificate Nos In the name of Noof Sheree B *****/5 Assets Nominees 5x1,000 Sdnßhd KUALA LUMPUR INDUSTRIES BERHAD A *****9 Mayban Nominees Ixl,ooo (Singapore) Pte Ltd LANDMARKS HOLDINGS BERHAD *****4 0&C
      512 words
    • 249 16 THE COMPANIES ACT, CAP. SO VEGA (PTE) LTD. (In Voluntary Liquidation) SPECIAL RESOLUTIONS At an Extraordinary General Meeting of the Company beld at 184, Paslr Panjang Road, Singapore 0511, on Tuesday, Ist December 1967 the following Special Resolutions were passed:(a) That VEGA (PTE) LTD., be wound-up voluntarily pursuant to Section
      249 words
    • 449 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 IPECO PTE. LTD. MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held/convened at 3 Shenton Way #07-06 Shenton House, Singapore 0106 on Friday, November 27, 1967 at 2.00 p.m. the following special resolution were duly
      449 words

  • WORLD MARKETS
    • 1041 17 New York Reuter WALL STREET stocks snapped a three-day slump on Tuesday, advancing modestly as a firmer dollar calmed recent inflation worries. The Dow Jones Industrial Average Closed up 8.79 points at 1.842.34. Advances and declines were about even as Big Board volume contracted to 155
      Reuter  -  1,041 words
    • 967 17 London Reuter EQUITIES yesterday continued their early firmer trend at the official opening on the back of a firmer US dollar which was gaining support from hopes of a nearterm cut in the West German discount rate cut dealers said. At 0900 GMT, the FTSE 100 share
      Reuter  -  967 words
    • 1205 17 Selected indices HONGKONG Hongkong Index Wednesday 137V 97 Tuesday 1386 17 Week ago 1433 57 Hong Seng Index Wednesday 2100.83 Tuesday *****5 Friday *****1 All Industrials Wednesday Tuesday Week ogo NEW YORK Dow Jones Tuesdoy Monday Week ogo 1976 1 ***** ***** *****4 1833 55 *****3 TOKYO Nikkei Average Wednesday
      1,205 words
    • 72 17 Reuter SCANDINAVIAN Airlines System (SAS) has entered detailed discussions with The Boeing Company about buying Boeing 767 passenger jets to supplement its fleet of McDonnell Douglas Corps DC 10s A company spokesman said on Tuesdsy that until mid-November. SAS had been talking to
      Reuter  -  72 words
    • 759 17 Reuter LEADING UK businessmen say British companies are better placed to keep profits growing in the current share market fall than in the crash of the *****. The FTSE index of 100 leading stocks has lost about 30 per cent of its value since
      Reuter  -  759 words
    • 586 17 Reuter THE US Securities Industry Association (SIA) convention in Boca Raton, Florida, which started on Tuesday, will focus on the stock market drop, participants said. Last year the meeting was full of euphoria over the market's new highs. And fewer people are expected to
      Reuter  -  586 words
    • 190 17 Reuter THE UK Department of Trade and Industry says no decision has been made on privatising British Steel Corp or Poet Office banking subsidiary Girobank. "There has been a lot of speculation ahead of next Thurs- day when British Steel is
      Reuter  -  190 words
    • 441 17 AP THE PERSONAL TRUSTS of brothers Lamar and Nelson Bunker Hunt have filed for prelection from creditors under provisions of the US bankruptcy code, according to officials. The trust estates have assets valued "in the hundreds of millions of dollars." said Tom Whitaker, vice-president
      AP  -  441 words
    • 278 17 Manogan' prices Jopon Gr Fund* 113 136 for Dk 3 Skonton TVih Fund* 077 077 Singapore Unit Trust UOB Manage U«.»und* wnent 07S 07$ TK« COMCCI OU 0*2 U«.bo«d* 0995 102 THo So»>ngi Fund 0-7# 060 S pcx* Prof Fund 034 0 39 S port W fun) ose
      278 words
    • 299 17 Reuter DONALD MARRON. chairman and chief executive officer of PaineWebber Group Inc. said some of the US$3OO million it will receive from the sale of an 18 per cent voting stake in the firm to Yasuda Mutual Life Insurance Co will be used for acquisitions. "We're
      Reuter  -  299 words

  • 593 18  -  By LOH HUI YIN ENERGY FUTURES trading is likely to kick off first in Singapore rather than in Japan because the Tokyo oil market is fttore regulated, said the president of the world's largest energy futures exchange. Ms Rosemary
    593 words
  • 441 18  -  Conclusion of $64m deal By LEE HAN SHIH Property Correspondent THE CONCLUSION of a $64 million deal has cleared the first hurdle for a project that will rival OUB Centre as the tallest building in Singapore. Two years in the planning, the
    441 words
  • 311 18 AFP BANK OF JAPAN governor Satoshi Sumita said yesterday that the country's central bank would not further lower its discount rate in accordance with an anticipated cut in West Germany's rate. "Our discount rate is the lowest in advanced countries. We do not think
    AFP  -  311 words
  • 243 18 Reuter WESTERN ECONOMIES will continue to grow, although more slowly, despite the plunge in world share markets, said British economist Gerald Holtham yesterday. The US dollar would fall a further 20 per cent and bond yields continue to drop, but the world economy would grow
    Reuter  -  243 words
  • 86 18 AFP KAMPUCHEAN resistance leader Prince Norodom Sihanouk opened historic talks yesterday in Fere-en-Tardenois, north-east of Paris, with Prime Minister Hun Sen of the Hanoi-backed regime in Phnom Penh. Aimed at breaking a nineyear deadlock, the meeting ia the first such dialogue since Vietnam's forces rumbled
    AFP  -  86 words
  • 325 18 Reuter THE US space agency on Tuesday selected four companies to design and build a permanently manned US space station to be placed in orbit during the mid--*****. The four winners were Boeing, McDonnell Douglas, General Electric and Rockwell International. America's biggest
    Reuter  -  325 words
  • 237 18 Bernama ASEAN economic ministers have asked Japan not to attach any strings to the US$2 billion Asean Development Fund pledged by Tokyo to boost Asean economic development. Philippine Trade and Industry Secretary Jose Concepcion said on Tuesday that no "conditionalities"
    Bernama  -  237 words
  • 89 18 Reuter COMEX GOLD FUTURES were boxed in a range of US$l.BO in thin, early morning dealings yesterday, with market making traders sidelined ahead of a possible reduction today in the Bundesbank's discount rate, which could affect the dollar. February gold rose US$2.OO at U*****.20 an ounca, trading in
    Reuter  -  89 words
  • LATE FILE
    • 53 18 UPI THAI authoritiea Marching for tha wrackaga of a South Koraan jatlinar yaatarday askad Burmaaa aaparatiat rabate to guide them through booby-trapped junglaa naar tha Thai-Burmeae bordar whara tha Boaing 707 ia beliavad to hava craahad. Tha aaarch waa called off temporarily last night bacauaa
      UPI  -  53 words
    • 46 18 AP FUIAN Foreign Minister Filipe Bole arrived in Beijing yesterday for the first high-level visit to China from the island republic aince a September military coup. Mr Bole aaid his main purpose was to promote trade between China and Fiji. AP
      AP  -  46 words
    • 38 18 AFP CHINESE Vice-Premier Wan Li it to make an eight-day official viait to Thailand later this month. The foreign ministry in Beijing said yesterday that the visit will be from Dec 19-26. AFP
      AFP  -  38 words
    • 67 18 AFP JAPANESE Prime Minister Noboru Takeshita will viait Manila on Dec 15-16 to meet Asean leaders who will be holding their summit meeting there. It will be Mr Takeehita's first overseaa trip since he became prime minieter early last month. He is expected to discuss
      AFP  -  67 words
    • 47 18 AFP PHILIPPINE officials said yesterday that they had ordered an Australian journaliet to leave the country after he wrote about corruption allegedly involving relativee of Preaident Corazon Aquino. Michael Byrnes, correspondent for the Australian Financial Review, waa given 4$ hours to leave. AFP
      AFP  -  47 words
    • 62 18 Reuter PRICES of essential foode and commoditiea have soared in Bangladesh in the wake of opposition-led strikes aimed at ousting the government. Reports from Bangladeshis arriving In Agartaia yesterday said the wave of strikes had pushed up prices of essentials auch as salt, sugar and
      Reuter  -  62 words
    • 46 18 Reuter SEOUL plans to offer shares in three state-run corporations due to ba privatised in 1988. Financa ministry officials said yastarday that shares would ba offered in Pohang Iron and Staal Co, Koraa Elactric Powar Corp and Citizen's National Bank.
      Reuter  -  46 words
  • 96 18 AFP AT LEAST four governments in the European Community have pledged to waive a planned import levy on edible oils from Asean. Indonesian Agriculture Minister Achmad Affandi said yesterday that Britain. West Germany, the Netherlands and Denmark would not impose the tax even
    AFP  -  96 words
  • 268 18 Reuter INDONESIA, the world's largest wood exporter, wants timber companies to shift operations out of Kalimantan (Borneo) because of rapid deforestation. Forestry Minister Sudjarwo yesterday told a Cabinet meeting in Jakarta that fires on the world's third largest island had
    Reuter  -  268 words
  • 122 18 AFP THE CHINESE government will reform the export sector next year by allowing certain key industries to retain foreign currency earnings, the official New China News Agency (NCNA) reported. From next year, the arts and crafts, clothing and light industries will be responsible for losses
    AFP  -  122 words
  • 263 18 UPI VIKTOR KARPOV, the Soviet Union's chief arms negotiator, yesterday accused the US of withholding key information on missile sites and production facilities necessary to complete a treaty on the elimination of medi-um-range missiles to be signed at next week's Washington summit. Mr Karpov's
    UPI  -  263 words
  • 238 18 AFP NEW ZEALAND is to establish its own defence satellite communications system which will allow it to collect foreign signals intelligence independent of its allies. Prime Minister David Lange said in Wellington yesterday. He said the station in Waihopai Valley near Blenheim on South Island
    AFP  -  238 words
  • Page 18 Advertisements
    • 110 18 11' J TO LBT/FOH SALI 35. Jurong Factories available for sale/rental Root araa from s,ooosqtt 90.0005q ft Rental $0.50 onwards Me $600,000 onwards Upper Thomeon, Senofco, Km# JTC Terrace factories. Floor area from 1,300 sq.ft. M.OOOsq ft. Rental $0.55 onwards Sate $550,000 $1.5 miHion Floor aree from 2.000 sq.ft. 20.000
      110 words
    • 2 18 55* SS*V
      2 words

  • SHIPPING TIMES
    • 572 19  -  By LINDA CHEE NEPTUNE Orient Lines is able to save US$l.l million per year on fuel for each of its latest 3,000 TEU newbuildings by using modern engine technology. Mr Lua Cheng Eng. the managing director of NOL, based his calculation on
      572 words
    • 170 19  -  From KINGSLEY WOOD EXPORTERS have welcomed the strong stand by the Australian Shippers' Council in rejecting a 15 per cent freight rate increase proposed by conference lines serving the South-east Asian trades. Aus-Meat managing director, Mr Peter Frawley, said the extra shipping
      170 words
    • 138 19 JAPAN has again emerged as the world's largest shipbuilder, surpassing South Korea in orders received, the Japan Ship Exporters Association said. Japan received shipbuilding orders amounting to 3.74 million gross tons (437 vessels) in the first nine months of the year, down 17
      138 words
    • PORT SIDES
      • 137 19 A SUBSTANTIAL increase in container traffic has put a tremendous strain on the facilities of the South Korean port of Pusan. During the first nine months of the year, Pusan Container Terminal Operating Co reported that it handled about 865,000 TEU. It is on
        137 words
      • 92 19 Reuter JORDAN, Egypt and Iraq set up a joint shipping concern, the Arab Maritime Bridge Company, after a meeting of their transport ministers in Amman, the official news agency Petra reported. Egyptian Transport Minister Soliman Metwalli was named chairman of the board for a two-year period.
        Reuter  -  92 words
      • 93 19 FIVE SAILORS reported missing after their ship sank off Mukah on Sunday were rescued by a cargo vessel on Monday. A Marine Department spokesman said in Miri, Sarawak, the Man King which was sailing from Sibu to Limbang picked up the five men in
        93 words
    • 457 20 UPI THE UNITED STATES is considering establishing a floating base in Kuwait's waters to provide additional protection for US-flagged Kuwaiti tankers and their Navy escorts, the Pentagon and sources said. The base would be a barge leased by the Navy that
      UPI  -  457 words
    • 247 20 ITF releases video 'Runaway Flags' Fairplay THE International Transport Workers' Federation's (ITF) has revitalised its campaign against flag of convenience shipping. It has released a 30-minute video "Runaway Flags" for use by its affiliated unions in a campaign to lobby governments and increase public awareness about the plight of seafarers
      Fairplay  -  247 words
    • 134 20 NORTH-WEST Shelf shipping companies have begun negotiations with maritime unions over manning the LNG tanker fleet that will carry gas to Japan beginning October, 1989. North-West Shipping Services chief executive, Mr Arthur Findlater, said in Melbourne that averaged flags Australian, British and
      134 words
    • 190 20 A COMMON system for the electronic exchange of information is being developed by a number of carriers, a liner agent and shippers in Japan. Containerisation International reported that the system will incorporate unified formats and procedures which will be jointly developed before the new
      190 words
    • 207 20 Reuter VESSELS in lay-up, idle, or under repair worldwide declined in November. London shipbroker Howard Houlder said that dry bulk carrier tonnage laid-up declined to 3.80 million long dwt (124 vessels) at end-November from 4.06 million (133 vessels) a month earlier. Ore carrier tonnage included
      Reuter  -  207 words
    • 759 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
      759 words
    • 1244 20 TIME-CHARTER bookings again provided the main bulk of business of Tuesday's fixture list with only scattered single voyage activity reported, brokers said. However, this included the fixing of a vessel capable of taking 21,000 long tons of grain from the US Gulf to Venezuela at a lumpsum of
      1,244 words
    • 353 21 Lloyd's List A PLAN of reorganisation covering the remaining interest of United Ststes Lines has been unveiled by the company to creditors in s New York bankruptcy court. The plsn involves the disposal of the remaining vessels of the former round-the-world operstor end a
      Lloyd's List  -  353 words
    • 395 21 FT TRAFALGAR HOUSE. the «hipping, property and building combine, is to "mothball" its Scott Lithgow shipyard finally from February next year, when its remaining and much-delayed order an oil rig for Britoil is complete. In its three years of ownership, Trafalgar says that the
      FT  -  395 words
    • 70 21 Reuter JOBLESS shipyard workers block road access to the northern port of Gijon, Spain, with burning tyres on Tuesday to protest at the lack of work in stateowned shipyard. Stiff competition from Far East and Yugoslavia shipyards, and dwindling demand for new construction have forced
      Reuter  -  70 words
    • 202 21 The above information it compiled from data provided by the Singapore National Shippers' Council ALL SURVEYS were conducted on Nov 9 Australia Brisbane. Sydney and Melbourne Normal operation. Bangladesh Chittagong 25 vessels operating. Brazil Santos Waiting time of up to two days. Cameroon Douala Normal operation. Chile Valparaiso
      The above information it compiled from data provided by the Singapore National Shippers' Council  -  202 words
    • 238 21 Reuter THREE MEDIUM-SIZED Japanese shipbuilding groups have filed a plan with the Ministry of Transport to link operations and cut their combined shipbuilding capacity by 20.8 per cent, a Japanese ministry official said. He said group leaders Tsuneishi Shipbuilding Co. Onomichi
      Reuter  -  238 words
    • 8318 26 3®aBG)gEB A guide to ships loading at Singapore for ports around the world The list.below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      8,318 words
    • 134 26 Area/Port Viscosity Density Water CSTst 50C G/ML st 15C Volume 0/0 Africa/Red Sea Jeddah 156/179 0.952/0.955 0.1/0.7 Durban 131/171 0.983/0.992 0.0/0.4 Arabian Gulf Ros Tanura 117/161 0.944/0.949 0.0/0.1 Bahrain 167/186 0.975/0.975 0.1/0.1 Europe Rotterdam 31/465 0.937/1.002 0.0/0.6 Hamburg 108/378 0.964/0.991 0.0/0.4 Le Havre 312/313 0.979/0.979 0.1/0.1
      134 words
    • 1169 27 AT CONVENTIONAL WHARVES VhmI Barth Arrival Departure KEPPEL WHARVES Qinghecheng K29 olongside 0512/2300 Borber Noro 009 alongside 03 12/2300 Ooning K29 alongside 0312/1500 D'ogosom K18 alongside 0312/2300 fengqing K36 alongside 0312/2230 Johneverett K20 alongside 03 *****0 Koheng K2I alongside 0312/2300 Moi Sondved KI6 alongside 03 12/0600 Murroyeverett
      1,169 words
  • Page 19 Advertisements
    • 671 19 *°> v»° V nrfw.ow-ri h., TINES ■KM STP Distributors Tames Pubtnhmg Croup WW/ ORIENT OVHQEAS Cotdaium UNE NORTH AMtRICA ATLANTIC EXPRESS (ROUND THE WORLD ROUTING 1 EXPORT JARMNC SNIPPING AGENCIES (N«. No. MBM/ 00K 200 Cantomant toad #12-06 SouOtpoMrt. Smppen 0201 Tal 221 81l TELEX NO US 2*179 TERMINAL/CfS Tal
      671 words
    • 80 19 Japanese yards file plan to trim capacity, Page 111 THE UNITED STATES is considering establishing a floating base in Kuwait's waters to provide additional protection for US-flagged Kuwaiti tankers and their Navy escorts. Page II A PLAN of reorgonisation covering the remaining interest of United States Lines has been unveiled
      80 words
    • 518 19 Published by tamon Unhwntty PI*M. UK STP Distributors AG***Jf2L T er*«* 1 41 line FASTEST TO PORTUGAL SINGAPORE/ LISBON 19 DATS To Europe— UK Scandinavia Finland Trw week Anders M 8716 CY— 9/12 2300 MRS CFS 9/12 1300 MRS ANOERS M 5716 AXEL M 8002 M TOKYO B*o2 LUNA M
      518 words

  • Page 20 Advertisements
    • 440 20 jj^3 h OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA VILLE D£ JUPITER VILLE DC PIUTOH Also accepting cargo to all U.K. destinations. Scandinavian (Aartius. Copenhagen, Gothenburg) and other European Inland points t West African Ports. EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/
      440 words
    • 17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 430 20 CHARGEURS REUNIS f* FEEDER VSI •a'm 'A' VSI SIN<. APOPI N0» MPlf s r ai >?ss«si 10. ESTERO 1/12 LA RIOJA 14/12 CATAMARCA II 2m ■OTHER VSI CR MARSEILLE CR MARSEILLE ETA MARSEILLE tm tm POINTE-A-PITtE am am FOftT-DE-FRANCE OCOUO-OQ I Pon^nq Optorg Shipping Pte. Ltd t E L MA
      430 words

  • Page 21 Advertisements
    • 988 21 The Straits Steamship Group CTgfj Mansfield Container Shipping PteLtd Dfi/vn P&o r<XVA>L Containers Limited CONTMNERSHP SERVICE TO UK/CONTMENT: STRAITS SHIPPING Singapore to Sebeh, Sarawak, Brunei Ports and Bangkok If CASUS PROGRESS PC CASUS PROGRESS Sm P.mmi MOM KON6 EXPIIUS 94/12 *01 CAMXCAN BAT UOl tt|U KMAVON I*l2 17/12 TOLACA MT
      988 words
    • 609 21 EUROPE i-i EE 711 111! J< TTWT7I ra m UJL ii =1i» iik USA PANAMA ff 7ii nit at EF 717 at! 14J EF Ml RJI 2U I HA: TO USA/CANADA WEEKLY FULL CONTAINER SERVICE P. MADISON Vl4O P. PIERCE VIS NUrTSt VIIS P. MADISON VI4I 4/12 3/12 3/12 $-7/12
      609 words

  • Page 22 Advertisements
    • 342 22 containership service to uk/continent All UK INLANO DESTINATIONS, BELFAST. DUBLIN COPENHAGEN, AARHUS. GOTHENBURG. HA UK), HELSINKI. OSLO. AMSTERDAM CARIBBEAN ft S. AMERICA CONV SEMI CONTAINER SERVICE TO EUROPE CONVi'SEMI-CONTAINER SERVICE TO MEL/ EUROPE CONTAINERSHIP SERVICE FROM UK CONTINENT 1 mm SOUTHEAST ASIA PTE. LTD. INTERNATIONAL FREIGHTFORWAROE CONSOLIDATION SERVICE WEEKLY FROM
      342 words
    • 426 22 Hill* O'NIAINtmMH ;(I IPi'M N;IRIM SMI RICA A|V Ms! fDR/NOTHER VESSEL OCM StE/KOREAN WONtS JIN 72E KJJ HE/KOREAN WONIS SEVEN HKC UE/K OCEAN WON IS SUN I CONVtNTIONAL SERVICE TO PERSIAN GULF VESSEL KUANTAN SPORE LOADING FOR CRYSTAL REED 10/12 DUBAI. DAM GEN AGENTS: CROWN MAR ME CO (PTE) LTD
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    • 327 22 FREIGHT LINKS EXPRESS PTC LTD NEW WEEKLY DIRECT SERVICE TO MUMMO: SAILING 12/12 25/12 FOR: PORTO. LISBON, ORAN, BILBAO MADRID. MALAGA, MELILLA, TANGER. TENERIFE, LASPALMAS, TUNIS, VALLETTA. IRUN, CEUTA, ALGIER ISTANBUL U.S.A. SIN LBH NYC TALSO ACCEPTING TO: 8/12 27/12 2/1 CHICAGO. BOSTON. JAV, PHIL. SAV. 15/12 10/01 17/1 MIAMI
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    • 1035 22 r EVERGREEN >,f> t Round-The World East Bound (FE/CARIB/USEC/EURO/FE) EVE* UNKINC EVU GENERAL EVER CLONE EVU GUAM EVU GINTU EVU CENTtY EVU QOLOEN ALSO ACCEPTING CAMO I) PNOVWINCE. KHI MUMKTOM. KMU 0 ATLANTA, CMCAM. I HKCKSGKLfiPUSOSKTVOKSNCNS NTC UN AM MM FU W2 W2 um wmtmmimmmu 21/U 23/12 2S/U llfl an
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  • Page 23 Advertisements
    • 393 23 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel *****33 PAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE BANGKOK CONTAINER SERVICE BELAWAN/STRAITS CONTAINER SERVICE PKL BLW *12 1*1! 11/12 11/11 I*l2 17/12 I*l2 2*12 >*13 2*12 21/11 PIYA BHUM RED SEA/EAST AND WEST AFRICA SERVICE
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    • 213 23 Tc®/' NOPBULK CARGO SERVICES LTD. REGULAR CONVBITIONAL TIMBER AND PLYWOOD SERVICES TO: UK CONTINENT PORTS TO: INDIA PAKISTAN PORTS H TO: JAPAN PORTS SPOPf VASATnON UNITED AGENCY PTF (TO Tf I 22XM »t P* SP YFO SHPG TP3O "l "8.T044 P* *****01 PFNA'.G TANJONC MAP!N[ SDN BHD TFI SABAH TPANSPAC
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    • 460 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FRO* UK/CONTINENT NM t'NAVtN l-OMI HAVtI STON P KUK S KM. FOR M»vor MM IvW bIM MM MM 1/U VU MKC. MO Tatap a*T MM MM MM MM MM Wl2 MTU MM. MO T«*n Utnm MM MM MM MM
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    • 445 23 A OMMt'DAM K •UIttWEKN IEI 77/1 la m m m Mi, Nrt ftlwwdrta. Qwi, TrtMto. ALSO ACCEPTING BOTH CONTAINERS, CONVENTIONAL CARGO VIA T PORTS, NULL. Li HAVRE, OSLO. COPENHAGEN, AARNUS, QOTNENK L t DJAKARTA LLOYD INDONESIAN NATIONAL LINF EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY SPORE ML MO ANTWERP
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    • 272 23 BOUSTEAD SHIPPING AGENCIES PA AN VI UN PAGAN VI2IN PAGAN VI22W LOI KAN via BURMA FIVE STM (Burmese National Line) Loading for Rangoon P.Ktlanf Penang Bangkok urn. 1/10 DK a/a ok BANK LINE PRO-ATLANTICA VIN (CALLING LEIXOES 1/1) TAUSALA SAMOA VIIN MORAYBANK V4N CLYDEBANK V22N SPORE RDAM HULL 12/12 12/1
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  • Page 24 Advertisements
    • 1214 24 K LinE SHIPPinG-DfYTA RTLRfITIC CDRST (Round-The-Work! Service) •PK/PNG S'PORE LB NEPTUNE JADC VlO SLD 3Dm »Ok ORIENTAL FAIR Vt sOk 10 Ok 2 Jan •VIA FEEDER PACIFIC SOUTH-WEST FEEDER VSL *PK/PNG SP MOTHER VSL NEPTUNE JADE VM SLD 3 OK MACKINAC BRIDGE 11 ORIENTAL FAIR Vt S Ok IS DK
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    • 658 24 'M INDIA EXPRESS CONTAINER SERVICE Accepbng FCL7FCL Contelwin Sanport P KMra Panwn Loadnf Mr Mo6w \M Br Foaoar Br Faadar CiMMMni Pfcii<D<i ii/TIHT il Ttj INDIA/JAPAN/INDIA SERVICE 'r >n ß »vL vonuintri ana tofiftfroooti Also occopts MtMi A Mm) Products Stngjara P Kate* Panonf USA ATLANTIC/EAST CANADA SERVICE Accopttoo FCL/F-CL.
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    • 714 24 GOLDEN LINE euw guan SHrme (ni) ltd a, w amt stiwt SINGAPORE MM Ttl OOM (M LHKS) Fu SM am oa lino) Fu mmm STRAITS/PERSIAN GULF SERVICE: S port P Pm| GOLDEN MAR CotMnto/KaracMMai/Oamnwi ISfU Dac QOLDEN HARVEST Cotomto/KaradM/Dufaa) l/M J»n CHINA SERVICE A VESSEL Xmm, Shanfta UfUta- Ml TUN
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    • 397 24 B B 11/12, I*l2 22/12. 271U OC3 i T EBB 11 j T TT77: PHILI OniCNT LINGS PT€ LTH K»0 C'f :E 63 PCS NS3N t: t'po «s«b„lDs: s s3i-'" ,=r 1 ':t TUf PS ?6??3 PH<t! ft» UKEUROPE SERVICE ft/12. 13/12 USA SERVICE aai VI A. NETO 14/12 UTTMK.
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  • Page 25 Advertisements
    • 871 25 NEPTUNE ORIENT LINES LTD FMEMT/EMOK FULLY CONTAINERISED SERVICE a r™ TO EUROPE/UK (VIA SUEZ):| s W? S! Z Z* SH m IW2 31/12 1/1 2/1 N DIAMOND 73W. (IJ/12) 20/12 7 ,j j,, J2SJTL (2V12) 27,12 w ivi m K JACEJIN 4IM. (1/1) j/i 21/1 22/1 23/1 AT carp will
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    • 542 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON 1 Vtm)« Name ETD BS BKK S PORE PI No I Donam/7WN 17/11 9/11 04-0702 0] M. E'Pns«/715N 21/11 M/ 12 12-14/12 U No t Donam/712N 07/12 11/12 2123/12 2< No» oonam/709N 13/12 25/12 21-30/12 31
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    • 593 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. KELANC Tu/uif tu.DoiHT D M/S HANDLING SYSTEM CO SON BHD 1,0 14 J^tn C "T h
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    • 14 25 ft 4 <J MADJU SENDIRIAN BERHAD 20-12 Tong Eng Building. Singapore 0106 Tel 22^8781
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  • Page 26 Advertisements
    • 384 26 SINCAPORE SHIPPING CORPORATION (PTE.) LTD. TU 226 6868 <30 Lines. FAX *****39 *****76 TELEX AS ***** A B SSCMA RS ***** A B SSCAD r Vtß DE UTF R ACHT/SE EREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE *VIA COLOMBO: Accepting cargo for INDIA Bombay, Cochin, Madras Calcutta "VIA LARNACA Accepting cargo
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  • Page 26 Miscellaneous
    • 147 26 Y Regional Weath«r fi m v SB .4 if, K fV w SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO A.M. THIS MOftMNO. R Thunderstorm Temperature c X\ A Weather Wind d«ection with speed m knots Rom Clou* Sky Wov Surface »«<» mdiceted by arrows »«uck Hy w.tfc rHe wind (5
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  • Page 27 Advertisements
    • 721 27 UNI-OCEAN LINES PTE. LTD. 60 C*cil St. #02-01. KPB Building S pore 0104. T«h *****66 15 lines) T«tox: «S ***** UNISHIP t CONTAINER FEEKI SUVKE T1 BAMLAKSfI m M TOM MAX. UFT 40 REEFER ROWTS. Scan Dutch 9 TO EUROPE (NORTH CONTINENT-UK-SCANDINAVIA) WEEKLY vn w 24/1 20/1 HA 2/2 TO
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    • 191 27 UN I PACIFIC TRANS. TRADING AGECY PTE. LTD. IRAQI LINE ««0 S'4 T (C« MlRi'iNt EAST BOUND SERVICE ETA S PORE LOADING FOR MV BASRAH MV BAGHDAD WEST BOUND SERVICE ETA S PORE LOADING FOR WU Jwtdah Alpha. BaftnUd JMdJh Aoatta BjftuKd THROUGH B/U to BAGHDAD UPON REQUEST ALSO ACCEPTING
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  • Page 28 Advertisements
    • 335 28 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** 8. RS ***** V! jfc, I \S| IK\( \R I IM-K II I) CAR CARRIER SERVICE TO MUARA/KUCHING KK Loading at appropriated Berth P4-P5 NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG. TAIWAN ft CHINESE PORTS, SUBJECT INDUCEMENT
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    • 366 28 IP \V^ O COLUMBUS LINE REEDERE! GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMkCOKTAfCB SERVICE TO NORTHBOUND TO UKC SPOR PRO ATLANTICA VIN 12/12 TAUSALA SAMOA VIIN 30/12 MORAYBANK V4N 13/1 CLYDEBANK V22N 27/1 Calling Letxoet •Alio Accepting FCL to Mtwtrfltnmm HBG HULL (U.K.) Mfl 27/1 2/2 W 14/2 21/2
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    • 235 28 W ///7J /:/T7 •'/j-*l LCL WEEKLY SERVICE TO: KEELING 7/12 HAM/BRBM 1/12 6/12 ROTTERDAM 1/12 HONGKONG 2/12 TILBURY 1/12 FRBMNTLE 6/12 SYB/MBJ IS/12 WEEKLY CONSOL. SERVICE FROM GERMANY CON-CARRIER 47/87 CON-CARRIER 48/87 ETD GERMANY ETA S PORE 17/11 8/12 24/11 14/12 LCL SERVICE TO CARRIBEAN PORTS ST. VINCENT, GRENADA, ARUBA,
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    • 713 28 BSB CALL US AT; P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER MJTANG »7 imjnVAl «THK VSL SCLANOIA 2ZE3I *****53/*****11 04-*****2/4, *****3 •07-*****8 •07-*****3, *****5, *****0, *****1 •02-*****22 *****88 -TIM I vJ T a. iutanc «n a auTANG «3
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