The Business Times, 10 December 1987

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 112/12/86 THURSDAY, DECEMBER 10, 1987 75 CENTS
    11 words
  • 151 1 Overseas markets Wednesday HK Hang Seng Index 1,984.98 (-1.14 Tokyo Nikkei Average 22,885 70 (-62.64 Sydney All-Ordinaries 1237.3 17.9 Tuesday New York (Dow Jones) 1,868.37 56.20 London (FT 30 Index) 1294.9 (+15.6 (Monday noon: Exchange rates US$: 132.10/20 yen 1.6585/95 DM S$2.0300/10 £i US$1.8030/40 M$: S$81.27/34 Slmex
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  • 193 1 THE US DOLLAR fell against major currencies in dull trading on the world s foreign exchanges, as most operators awaited today's release of US October trade data. The Bank of Japan bought a small amount of dollars at an exchange rate of
    193 words
  • 483 1 ASIAN STOCK markets continued to rally yesterday, buoyed by strong overnight gains on Wall Street, but Tokyo and Hongkong succumbed to late selling to close lower. Oealers said most traders were waiting for new US trade figures today to gauge which way the markets
    483 words
  • 44 1 Reuter WALL STREET stocks snapped back from an opening decline and moved gingerly into positive territory in early trading yesterday. The Dow Jones Industrial Average gained two points to 1870. Advances led declines three-two on volume of 50 million shares. Reuter
    Reuter  -  44 words
  • 37 1 AFP TRADING on the London Stock Exchange was cautious yesterday. At 1200 GMT, the Financial Times industrial share index lost 1.2 points at 1,293.7 while the Footsie 100-share index gained 7.5 points at 1,631.9. AFP
    AFP  -  37 words
  • 94 1 AP A RESEARCH INSTITUTE yesterday predicted South Korea s trade surplus will leap to US$B billion in 1988, compared with US$6.l billion projected for this year. The Korea Institute for Economics and Technology recommended that Seoul take steps to avoid trade friction
    AP  -  94 words
  • 519 1  -  By ZHOU MEI In Manila ASEAN member states, while relieved that Japan's US$2 billion Asean Fund will not be a cause of division among them, are concerned about the terms of accessibility to the fund and the cost of loans extended under the fund. Asean
    519 words
  • 636 1  -  Package lowers loan costs and provides funds for expansion By ALVIN TAY Banking Correspondent PUBLICLY-LISTED Parkway Holdings Ltd is raising $165 million from the local capital markets to replace the group's existing costlier loans and to finance its expansion plans. The five-year
    636 words
  • 143 1 Reuter JAPAN'S trade surplus for November, to be announced today, is likely to show a huge monthly drop with much of that plunge improving Tokyo's imbalance with the US. Economists in Tokyo yesterday predicted at least a US$2 billion plunge in the overall Japanese surplus
    Reuter  -  143 words
  • 131 1 AFP AUSTRALIA and Papua Naw Guinea yesterday signed a Declaration of Principles to establish a formal and less dependent relationship between Canberra and Port Moresby. The declaration, signed by Australian Prime Minister Bob Hawke and his Papuan counterpart Paiaa Wingti in Canberra, covered diplomatic cooperation,
    AFP  -  131 words
  • Page 1 Advertisements
    • 182 1 —I 4«n TO' Cassette Receiver M 3 FUJITSU TEN AMATEUR PHOTO STOHES PTE LTD Singapore: Phone. *****33 Kuala Lumpur: Phone. *****33 Pwtang: Phone. *****5/*****1 Jakarta: Phone. *****5 Il l«]J Enter the era of the Business Class Hotel that guarantees every room has the solid business comforts and luxurious amenities expected
      182 words
    • 388 1 ;/-?,{</{~>?/<++${.|~<%&(%@.`(? THIS SATURDAY'S BT will have a bumper-sized Executive Lifestyle section chock-full of good things for the executive's Christmas stockings. Plus a simple contest with a top prize that will make this a very special Christmas for the winner. Banish those Bear-market Blues. Don't miss this Saturday's bumper weekend edition.
      388 words
    • 268 1 Kodenstoch Quality before your eyes 6. a? don't let the initial id PUSH HOME OWNERSHIP V We offer home loans without you having to come up with the usual 10% downpayment. Hongkongßank also offers other attractive features: 100% financing Fixed rate financing available Quick processing allows for for the first
      268 words

  • HOME NEWS
    • 448 2  -  By TONG SUIT CHEE THREE of the five top awards for the 1987 CIDB Award for Construction Excellence in buildings have been given to local contractors. Reliance Contractors (Pte) won an award for the Bukit Timah Satellite Earth Station in the civil engineering and
      448 words
    • 355 2 LOCAL FURNITURE MAKERS are increasing their sales to the huge Japanese market. Their exports of $9.3 million worth of furniture in the first half of this year were three times more than those shipped over the same period last year. This has made Japan
      355 words
    • 417 2  -  By ANNA TEO WITH ITS $20 million hepatitis-B vaccine production project on the shelf, Singapore Biotech is moving on with plans to manufacture medical electrodes and diagnostic kits, including those for detecting cancer. The company, in which the government has a major share, intends
      417 words
    • 69 2 SINGAPORE has scored a hattrick by winning, for the third consecutive year, the overall best stand award at the World Travel Market exhibition in London. The stand, which featured Peranakan culture, also won the "best all-round marketing effort" award in the Asia section. On show
      69 words
    • 120 2 FOLLOWING Caltex's lead two days ago, Esso yesterday announced cuts in its pump prices for petrol and diesel. From last midnight, the price of Esso Super XT was brought down 2.2 cents per litre to 93.8 cents per litre. The Esso 95 Gold price
      120 words
    • 214 2 HANS ORN has been appointed general manager of VTS Transportation Systems Corporation's Singapore office, VTS Pacific. Mr Orn was responsible for building up the consultant activities of VTS and has been stationed in various countries, including Pakistan and Peru. ROBERT ADAM has taken up the post of
      214 words
  • Page 2 Advertisements
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      543 words

  • ASIA – PACIFIC
    • 467 3 Reuter SAUDI ARABIA has sent thousands of Pakistani soldiers back hdhie, ending an economic bonanza that the troops have enjoyed for years. The return was a major development in two decades of Pakistan's military cooperation with Islamic countries, which has earned
      Reuter  -  467 words
    • 379 3 Reuter A COLLECTION of prints from Japan, put up for sale by a British trade union pension fund, smashed three world records on Tuesday at Sotheby's London auction house, attracting strong Japanese interest. The British Rail Pension Fund collection, which
      Reuter  -  379 words
    • 486 3 Reuter JAPAN may finally be heeding pleas that it drop its obsession with Washington and forge stronger economic ties with the European Community (EC), according to Japanese officials and businessmen. "Europeans insinuate we've been neglecting the changing importance of the EC-Japan relationship
      Reuter  -  486 words
    • 583 3 AFP THE PHILIPPINES posted respectable economic growth in 1987 despite its more publicised political woes, but must try harder to meet its external obligations and satisfy domestic hopes, analysts in Manila say. Officials put economic growth this year at about 5 per cent, shy
      AFP  -  583 words
    • 292 3 Bernama INDIA has identified a number of projects to be carried out in Malaysia to expand Indo-Malaysian business ties, Indian High Commissioner to Malaysia Preet Mohan Singh Malik said yesterday. The possible joint-venture projects which were in the preliminary stage of discussions included the
      Bernama  -  292 words
    • 127 3 AFP THE PHILIPPINES will officially renounce its claim on the Malaysian territory of Sabah when the two countries sign an agreement in Manila next week, sources close to the Philippine Congress said yesterday. The sources said the agreement would be signed
      AFP  -  127 words
    • 152 3 AP A BEIJING radio factory lost about US$l million because an American company was nearly a year late in its delivery of promised equipment, the official Xinhua news agency said on Tuesday. The report did not identify the US company. It said
      AP  -  152 words
  • Page 3 Advertisements
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      157 words
    • 36 3 International Property Consultants Real Estate Agents Valuers Auctioneers Property Managers Project Managers For a world of experience... ijgMUS), Jones Lang t Wootton 6* Chulia Street 39-03/08 OCBC Centre Singapore 0104 Telephone *****88 Telex R*****8 Fax *****08
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  • Page 3 Miscellaneous
    • 284 3 •CHy Max/ Note Mm CO Adelaide 26/15 Roin Amsterdam 00-04 Cloudy Athens 17/12 Clowdy Bahrain 21/18 dowdy Bangkok 26/15 Cltar Barbodos 30/25 Clowdy Ming 06/-5 Clowdy Uk* 20/13 Sunny Mgrad* 06/05 Clowdy Berth 00-06 Clear Bermuda 20/18 Clowdy Bom 00/-8 Clowdy Brisbane 28/23 Haze Brussels 01 -08 Clear Buenos Aires
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    • 35 3 Doonesbury HS POUTKS ARE HOP I&S&LY OtP-FASHIONED! THATSfT. HPS NOT i see no RBASOHJ) STAY ANY w* McrrviAßie, ANYUJAY! wm\ ft -W W"'~W s m i ■k i BY GARRY TRUDEAU I£VSH*T A Lime («Ff
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  • REST OF THE WORLD
    • 562 4 Leaders agree to destroy medium-range nuclear missiles UPI PRESIDENT REAGAN and General Secretary Mikhail Gorbachev signed an unprecedented treaty on Tuesday to destroy US and Soviet medium-range nuclear missiles and opened talks on their next step in ending the 40year arms race. The conservative president and
      UPI  -  562 words
    • 180 4 Reuter THE AMERICAN economy should continue its strong growth in 1988, the US purchasing managers said in their semi-annual economic forecast. They said that the economy's present growth should continue in the first quarter of 1988 and then accelerate in the second
      Reuter  -  180 words
    • 294 4 Reuter SOVIET reformers are not planning to emulate China and introduce a broad array of market mechanisms into their economy, a senior adviser to Kremlin leader Mikhail Gorbachev said on Tuesday. Abel Aganbegyan, a leading reformist Soviet economist, told a meeting of
      Reuter  -  294 words
    • 115 4 Reuter SECRETARY General Javier Perez de Cuellar told UN member countries on Tuesday that the organisation was in jeopardy because of their arrears and aides said there would be only US$55 million in hand on Jan 1. Qn an address to the General Assembly's
      Reuter  -  115 words
    • 898 4 ARRIVALS Operator Sorvico Local From number ftnw OA OA472 0015 SYD/MR THAI TG481 0025 woe SU SQ11 0115 LAX/NRT UTA UT5453 0220 NGU C IC555 0655 MAA MAS MH681 0820 KUL MAS MH81 1 0910 PEN MAS MH671 0920 KUL SIA SQI03 0950 KUL AC AC858 0950
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  • Page 4 Advertisements

  • COMMODITIES
    • 236 5 AP THE United States Supreme Court has given foreign commodities brokers new protection against being sued in the United States. In an 8-0 ruling on Tuesday in a case from Louisiana. the justices said American courts do not have jurisdiction over a British brokerage accused
      AP  -  236 words
    • 101 5 Reuter THIS YEAR'S spectacular 'rise in nickel prices on the London Metal Exchange 'has been extended this week by speculative demand which has seen new _7Vyear highs set in dollar terms and 2%-year peaks in sterling terms. The speculative demand Was based on chart patterns pointing
      Reuter  -  101 words
    • 442 5 Crude palm oil futures were quoted lower in moderate trading on the Kuala Lumpur Commodity Exchange yesterday. Dealers said that the lower prices were due to technical correction. Spot month December eased $6 to MS9II per tonne while January fell to $910. February was $11 lower at $910.
      442 words
    • 200 5 Reuter CBT SOYBEAN futures closed mixed on Tuesday with prices off 3-1/4 cents in old crop to up 2-1/2 cents a bushel in new crop. January settled off 2-1/2 cents at $5.87-1/4. Traders said old crop prices were pressured by inter-month spread selling against new crop months. Earlier in
      Reuter  -  200 words
    • 141 5 Reuter THE International Wheat Council has maintained its forecast of world wheat output in the 1967-1968 (Ju-ly-June) season at 506 million tonnes, against a record 535 million last season. But it raised the forecast for coarse grain from 802 million to 806 million against 849 million
      Reuter  -  141 words
    • 211 5 Chinese Produce Exchange <*>•" dottna plcot m Ok 9 (SS/100 kg] Coconut oil kft KM 93.00 Old dryn KM '03.00 How drum FOt 107 00 Copra Mbid (bow) 53 Pepper .tjii KM NIW StWQwut *****0 KM foq NIW 119J.00 Madk KTTW Sorvwofc Ajtp 872.50 Modi KM NIW btodi
      211 words
    • 361 5 HONGKONG: Gold closed firmer in fairly active trading yesterday on continued buying interest following the New York gains, dealers said. They said the weakness of the American dollar also encouraged gold buying, while the Opec meeting in Vienna is expected to have little impact on the metal. With
      361 words
    • 241 5 Reuter CBT WHEAT FUTURES posted losses of 1-3/4 to five cents a bushel at the close on Tuesday. March settled 2-1/2 cents lower at $3.12-3/4, a level considered by some to be a major support level, traders said. Late professional and commission house buying of contracts sold earlier prevented
      Reuter  -  241 words
    • 106 5 Reuter THE Kuala Lumpur Tin Markat prlca yesterday allpped a cant from Tuesday's doaa to MSIB.M a kg in dull trading, dealers saM. Poor oiifiiii diinind wit mm with trtd#n r®* luctant to commit themeelvea duo to eeaaonal (actor*. A continuing low auppty of matal of 2S tonno*
      Reuter  -  106 words
    • 69 5 VERY LITTLE took place in the Asia-Pacific petroleum products market yesterday as traders looked towarda Vienna for signs of direction. Owboi (ion) Wm T..o. USS/benwl 16-37 Of -0.23 wn m 1107 -0.21 Products (FOB S'por*) Oif 24.00 tMdt C«l 30.30 writ Ur- Sutpiw Wo« r Mm, tSWt
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    • 281 5 Reuter SINGAPORE The market closed easier yesterday with January 1 RSS buyers quoted at 217.00 cents/kilo, down 1.25 cents from Tuesday's close, dealers said. Some dealers said the Inro buffer stock manager invited bids in the local market for RSS 1 and 3 and SMR-20 January ex-ware-house basis MALAYSIA
      Reuter  -  281 words
    • 244 5 RAS prices m s ewiMt, fob m bat* NOON CLOSE Iwytn S#Nors ftvyor* C^IL^o owen bit 1 RSS Prompt 218.25 219.25N 218.25 219.25N bit 1 RSS Jon 88 217.00 217 JO 217.00 217J0 bit 1 RSS Fob 88 216.50 217.00 216 JO 217.00 bit 2 RSS Of
      244 words
    • 74 5 1 i pot»n) JANUARY 88 FEBRUARY 88 (currant month) (forword month) RAS NOON •wy»r» Stlin NOON SSt 30 219^X> 331.00 319.00 331.00 SSt 50 317.50 219.S0N 317.50 319J0N MRELB Iwyan S»IUit Ivyfl SaNtn SMt cv 373.00 375.00N 374.00 276.00N SM» L 373.00 375.00N 374.00 376.00N SMt 5
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  • Page 5 Advertisements
    • 248 5 MONTBLANC THE ART OF WRITING "MEISTERSTUCK SOLITAIRE" SOLID GOLD The most precious fountain pen in the MONTBLANC collection also happens to be the most expensive in the world The perfection of a MONTBLANC MEISTERSTUCK finds its ultimate expression in this superb writing instrument: the art of writing in solid gold.
      248 words

  • MONEY AND EXCHANGES
    • 1057 6 SINGAPORE: The US dollar weakened against most major currencies yesterday. mainly on late Asian and European selling after trading narrowly most of the day. US unit ended at 192-10/20 yen against an ?prly 132 55/65 and New prk's 132.60/70 close. The Bfcnk of Japan was reported to have
      1,057 words
    • 601 6 EURODOLLAR futures opened slightly lower in Simex yesterday on carryover losses from overnight trading on firmer US stock prices and the Fed's failure to inject reserves for the last two days. March Eurodollar edged to 92.09 before backing off to the low of 92.05 after opening at 92.07 in
      601 words
    • 200 6 Asian ASIAN DOLLAR 1 deposits closed steady yesterday at opening levels in quiet afternoon trading. Isiia sti nfc inivfuani otp oeN rates US$ ow« MO 7 da yi 7 6 7/8 1 8 7/16 8 5/16 2 wumht 1/4 8 1/8 3 momht 8 3/16 8 1/16 6 months S
      200 words
    • 1411 6 CURRENCY FUTURES OPTIONS Wednesday, Dtctmbt' 9, 1987 DCITTSCHEMARK (SIMEX) *»"c* JM«Mi HtoH Lew ten HM l_ m-m 56 57 58 59 60 61 62 63 64 65 3958 3058 2208 1458 92 51 268 91 SI 400 307 221 146 *1 51 27 14 7 4A 7A 14A 28a
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    • 131 6 Gold future* on Doc 8 100 troy ounces; USS per trey ou nee Opon HI* Low SoMe Ok 483 50 485.00 483.50 483.50 2.00 Jon 485.30 110 Fob M 488 00 490.30 487 80 488 60 2.10 N* 494.30 496.50 494.30 494.70 2.30 Jwi SOO. 20 502.30
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    • 169 6 Reuter FOUR BRITISH banks have signed a protocol which involves financing joint economic ventures with the Soviet Foreign Trade Bank, during two days of talks in Moscow. The conference, which ended on Tuesday, was organised by the British Invisible Exports Council and involved representatives
      Reuter  -  169 words
  • Page 6 Advertisements
    • 170 6 ZEISS IS COMFORT A t0 e^ss f° r the ultimate in eye wear. You will A be impressed by the supreme quality finish of our products. That is because nothing is left to chance. Take our gold-plated frames. As many as 40 opera- k hons are required. This includes the
      170 words

  • BANKING AND FINANCE
    • 420 7 FT CENTRAL BANK GOVERNORS of the leading industrialised countries have agreed to allow their commercial banks to include up to 45 per cent of unrealised capital gains on equity holdings as part of their capital. They have also agreed that banks' capital should be raised
      FT  -  420 words
    • 82 7 Treasury bills Period Issue Yesterday's dosing Day's cod* Maturity MO OfTCT HK>H LOW 3 month* BQ*****E 10.3.88 2.84 2.79 2.88 2.77 6 month* BS*****S 21.4.88 270 2.65 1 y*ar 8Y*****T 24.11.88 2.23 2.18 Government notes end bonds Period Issue Maturity Coupon Yesterday's dosing Day's code rate WD
      82 words
    • 168 7 Indicates the average of the prime lending rates of 12 major banks In S'pore Interbank market rates (offer/bid) on Dec 9 USJ DM SWFC Y«n 7 tfoyi 1 ail 3 a* 12 Mil 7 1/1* IS/1* l/J 3/1 3/9 1/4 S/» l/a 3/1* l/l* f 1/1* 9/1*
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    • 55 7 THE overnight rate on the Singapore interbank market rose Vt point to close at 3% per cent yesterday. The one-month rate rose S$ Interbank rates at 7pm yesterday: owe» to Ooar3 3/4 3 l/J I-men*. 3 7/16 3 5/16 I-*»*. 3 l/J 3 3/| 3 3 9/16 3
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    • 162 7 AFP STRIKING workers at France's central bank blockaded their headquarters on Tuesday as they stepped up the pressure in a dispute that has halted production of French money Workers seeking better pay and protesting against reorganisation plans they say threaten layoffs hoped
      AFP  -  162 words
    • 95 7 Reuter CHINA'S state-owned Citic Industrial Bank will issue s 15 billion yen Euroyen bond in London, the first time s Chinese unit has issued such a bond in the European market, lead manager Nomura Securities hss said. A Nomura spokesmsn said on Tuesday the bond
      Reuter  -  95 words
    • 340 7 AFP TAIWAN'S Finance Ministry is to levy a 25 per cent tax on inflows of speculative funds to ease pressure on foreign exchange reserves which have hit a record high of U5573.5 billion. Many domestic and foreign firms had been
      AFP  -  340 words
    • 559 7 FT ALAN GREENSPAN, chairman of the US Federal Reserve Board, has called for "ample fiscal discipline as an essential element of policies to foster sustained growth and maintain progress against inflation." In one of his few public comments since the October stock market crash, he told
      FT  -  559 words
    • 198 7 Reuter AS THE TOLL OF deed and dying Aids victims steadily mounts, insurance companies around the world are pondering new strategies to build up their own immunity to the killer disease. While the number of Aide-rar-lated claims has been relativeiysmall to date,
      Reuter  -  198 words
  • Page 7 Advertisements
    • 242 7 m X 4,:- 4 MM e.. j%r mm fefa 4 fc; Little wonder they don't build cars like they used to. Building a pen is difficult enough. Oh, the elegant lines of the 1925 Hispano Suiza. Oh, the elegant lines of the 1927 Parker Duofold. The car may no longer
      242 words

  • FOCUS
    • 2038 8  -  X asean SUMMIT '87 A sharp downturn among Asean economies in 1985 gave the impetus for the third Asean summit meeting. Now that Asean countries are once again heading for stronger growth, that sense of urgency is no longer there. But,
      Source:; Graphics by courtesy of ISIS Malaysia; Source: Asean Secretariat  -  2,038 words
  • Page 8 Advertisements
    • 73 8 HARMONY AND PRECISION Pelikan Souveran M 800. Perfect precision of German craftmanship. Handfinished finely chased 14-carat gold nib in 8 nib widths. With solid brass plunger pump filling mechanism and hermetic screw cap Pelikan Souveran. Unique with its harmony and precision. Sblikan Pelikan Singapore-Malaysia Pte Ltd Singapore 41 Jalan Perrnmpin
      73 words
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  • Page 9 Advertisements
    • 363 9 "V <p m > r ~l r^*r You can't fight off a takeover with fixed assets. Imagine your share price suddenly shoots up. That your worst suspicions are confirmed: someone is buying up shares in your company with the aim of taking it over. Or suppose an opportunity presents itself
      363 words

  • PERSPECTIVE
    • 506 10 BARELY TWO MONTHS after the infamous "Crash of 1987", the world's financial markets appear to be awash with money. Investors who sold out their stock portfolios appear to be stashing large amounts of cash with their banks. Central banks have injected extra liquidity into the
      506 words
    • 1451 10  -  By HARISH MEHTA THE ABORTIVE election in Haiti was a classic case of how military dictators wriggle out of holding free elections. After 30 years of dictatorship, economically backward Haiti limped to the polls on Nov 29 only to face bullets. The blame
      1,451 words
    • 717 11 Reuter AFGHAN PRESIDENT Najibullah is trying to shed his image as leader of a Soviet-style state in order to attract opposition support for his "national reconciliation" policy. Western diplomats in Kabul said recent developments had pointed to a realisation by Najibullah
      Reuter  -  717 words
    • 847 11  -  In New England, specialised architects and developers are converting old mills and factories into new uses ranging from residential and commercial space to classrooms and even an art museum, reports KEN FRANCKLING. KEN FRANCKLING UPI STURDY OLD mill and factory buildings. the heart of many
      UPI  -  847 words
  • Page 10 Advertisements
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  • Page 10 Miscellaneous
    • 1166 10 W3 (MD mm PM SBC Text Somple Poges. Opening and Programme Highlights followed by The New Crotiwitv The Africans A Triple Herttoge: Global Africa f C hlnKllrtt^al ni^nuyrrrv World Music Album. Mom* To Roost Acting Owl. Rum pole Of The Bailey Rumpoie And The Bright Seraphim. 1987 NBA Playoffs The
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  • Page 11 Advertisements
    • 415 11 FAST THING The ACER 900 personal computer. Now at 12MHz, it's designed to race you ahead in business faster Inundated with a flood of choices, the ACER 900 is your best bet in choosing a personal computer to cope with power-hungry demands. Dubbed "the AT standard to beat" by Computer
      415 words
  • Page 11 Miscellaneous
    • 646 11 CRYPTIC PUZZLE ACROSS 1 Be present to make an exposure (4,2) 7 Maybe Al phones him (8) 8 Ticket with a car number? (4) 10 A blooming reptile going to the States! (6) 11 The best defence? (6) 14 Generally popular president (3) 16 Accepts bad steak! (5) 17 So
      646 words
    • 41 11 rvecp»U££> to Pick I ojondcrfuu' pi UP SoPPLieS OPTUp Nf\T|ViTy SCe»4C Cf\RD° U)H'I DesieMeDßY v CHesre^-P£RRv; IbTAR WIFCOP oo* FIRPOS fouNDeX D'STANC?: DCPICTihG THG CMJSTE«eD «3ouN»D ihc mfv<3eß 1 Tue. IT'S f\ KOfcJK ON 1' i Pi LOG >L /7 DOM'
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  • SPORTS & LEISURE
    • 517 12 AP BEN JOHNSON'S record-smash-ing dash in the 100 metres was the top sports story of 1987, according to an Associated Press poll of sports writers and broadcasters on four continents. The vote by AP subscribers in Europe, Asia. Africa and Latin
      AP  -  517 words
    • 266 12 AP SCOTTISH Premier Division side Glasgow Rangers staged a stirring fight back to quell English First Division side Everton in a shoot-out and lift the Champions Cup in Dubai on Tuesday. After 90 minutes of action, the two teams were locked 2-2 at the
      AP  -  266 words
    • 300 13 Reuter IVAN LENDL. the world's best tennis player for the past three years, says he still has a lot to learn. He had difficulty convincing reporters of this fact after crushing Sweden's Mats Wilander 6-2 6-2 6-3 to win his third
      Reuter  -  300 words
    • 218 13 AFP ANDERS JARRYD, the Lon-don-based Swede, will be out to confirm he is the finest doubles player in the world in the Royal Albert Hall this week. Jarryd, with his close friend Stefan Edberg. will be striving to win the Masters Doubles title for the
      AFP  -  218 words
    • 686 13  -  By BRIAN MILLER SINGAPORE'S S Velasamy. playing in only his second tournament after a three-year absence from the golf links, showed that he was ready to cut it thick when he carded a oneunder par 71 to share the lead with Lim Kian
      686 words
    • 215 13 Reuter MATS WILANDER, comprehensively beaten by Ivan Lendl in the Masters tennis final on Monday, has been named as one of Sweden's twin spearheads in its Davis Cup final next week against India. Wilander and Stefan Edberg, beaten by his compatriot in the Masters semi-finals, will
      Reuter  -  215 words
    • 83 13 AFP CANADIAN Cliff Thorburn and Dennis Taylor of Ireland reached the semi-fi-nals of the £250,000 World Doubles Snooker Championship on Tuesday with a 5-0 victory over English pair Joe Johnson and Tony Knowles. In a thoroughly one-sid- Ed contest, the favourites were never in trouble. Thorburn opened
      AFP  -  83 words
    • 503 13  -  Jranklif speaking.... -by BRIAN MILLER IT IS ONE THING to want to raise the standard of Premier League football in Singapore by using Ma-laysian-based players in club sides. But it's another thing altogether when these same players insist on pledging allegiance to two different
      503 words
    • 221 13 AP AMERICAN David Ishii became the first non-Japanese golfer to capture top money-winning honours on the Japan Tour as his closest rival. Masashi Ozaki, decided not to play in the season's last official tournament. Toshiko Nakahara of the Japanese Professional Golf Association said yesterday that
      AP  -  221 words
  • Page 12 Advertisements
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      943 words
    • 291 12 c 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. MENUD includes braised shark's fin with chicken sauce, braised abalone with green vegetables and sweet sour
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  • Page 13 Advertisements
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      259 words
    • 226 13 PALM 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 Raffles
      226 words
    • 24 13 WELL, IT'S OBVIOUSLY NOT MEANT TO GO WITH ESCARGOTS. hi in TT~ JS HfliUAiftiMl 9 ••> IF IT COMES WITH CHOPSTICKS. IT GOES WITH DYNASTY.
      24 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4328 14 THE SINGAPORE market staged a more decisive rebound yesterday on the back of a strong overnight rally in Wall Street to close on a steady note. .Brokers said investors went bargain-hunting for quality stocks from the word go and. by midday, the Straits
      4,328 words
    • 164 14 Rises f A N 660 MMr* HM«t 490 Carafew S0< 332 S 1 A 620 t> S 795 •C 630 Mm 450 SPH 640 OCIC 630 Out 306 ♦13 W Wi4uHi» 1M9.07 l#93A5 M T C 7*4 294 12 0MC7f*d«« 241J1 247+3 M«p. 283 +12 OOC 5I9J2
      164 words
    • 3916 14 BID aad offer prices officially listed aad burin— ta aad reported to the Stock Exchange of Stagapore yesterday with the ta brackets ta lots of 1,000 nalts unless otherwise specified. SECTION ONE MDUSTMAL COMMERCIAL Aooo II 00 B I 04 S) a 102 Aawl S*ool
      3,916 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • TAKING STOCK...
      • 322 15 By HOCK LOCK SIEW EVER WONDERED why the Tokyo stock market showed more resilence than the other major international markets in coping with the October stock markets massacre? Well, Nomura Securities thinks it has the answer. In fact, it took up a whole page in the
        By HOCK LOCK SIEW; Source: Tokyo Stock Exchange  -  322 words
      • 275 15 IT LOOKS like the Hongkong government, which has admitted spending HK$4O million prosecuting those involved in the Carrian affair, may have to fork out another HK$5O million. According to the South China Morning Post, this is what two Price Waterhouse accountants are claiming in costs, including
        275 words
    • 382 15 NST COSMOPOLITAN Hotels Sdn Bhd, a joint venture between Kumpulan Syed Kechik and Lian Seng Properties which is developing the Oriental KL Hotel, has been placed under receivership. The action was initiated by Asian International Merchant Bankers (AIMB), a debenture holder of the company. AIMB
      NST  -  382 words
    • 657 15 THE THRICE-POSTPONED graduated commission scheme seems nearer the offing now with the Kuala Lumpur Stock Exchange holding an extraordinary general meeting on Dec 19 for its members to vote on the plan. Malaysian sources expect the new commission system to be implemented early
      657 words
    • 439 15 Reuter BELL GROUP Ltd of Australia plans more asset sales in the wake of the share market crash, with the aim of lifting total proceeds to about As 2 billion from the Asl.4 billion already raised. Speaking to reporters after Bell's annual
      Reuter  -  439 words
    • 852 15 Crash post-mortem key areas of concern WMMi mm Reuter LIKE A SUDDEN eruption of a long dormant volcano that draws widespread scientific interest, the October collapse of global stock prices is being dissected, probed and analysed by market experts around the world. More than a dozen reviews of the turmoil
      Reuter  -  852 words
    • 504 15 UNITED OVERSEAS BANK is mopping up the remaining 17.1 per cent of Chung Khiaw Bank shares it does not already own through a share swap scheme. According to UOB, approval has been obtained from the Monetary Authority of Singapore for the
      504 words
    • 281 15 MBT MCB HOLDINGS Bhd has joined the ranks of Duff Bhd in calling off its proposed one-for-one bonus and one-for-one rights. Like Duff, its reasons were that the current market conditions were not conducive for a successful issue, and whereas a
      MBT  -  281 words
  • Page 15 Advertisements
    • 119 15 long Bee Finance Co Ltd FIXED DEPOSIT Hire Purchase Industrial and Commercial Machinery Construction Equipment Properties Share Loans 116 Middle Road #03-01 ICB Enterprise House Singapore 0718 z Tel: *****81, *****04, *****87 OVERSEAS UNION BANK LIMITED 1 i"co«po*»te<3 -n tN* &eput>"c o* S U5530,000,000 CAPPED NEGOTIABLE FLOATING RATE CERTIFICATES OF
      119 words
    • 108 15 > Heavy Duty Packaging (S) Pte Ltd has been appointed the marketing agent and fabricator in Singapore for Tri-Wall Pak™, a unique lightweight heavy duty packaging material for varied applications and packaging options, with exporting rights to Indonesia and the Philippines by w Tri-Wall Tri-Wall Asia (HK) Ltd a subsidiary
      108 words

  • REGIONAL MARKETS
    • 406 16 Reuter THE TWO major shareholders in the proposed Hongkong Telecommunications Ltd (HK Telecom) will postpone the sale of part of their stakes in the firm to the public because of the downturn in the stock market, said one of the shareholders, Cable and Wireless
      Reuter  -  406 words
    • 493 16 Reuter THE MAKER of one of the most popular toothpastes in Asia is facing criticism it just can't brush away. Darkie toothpaste has been battling tooth decay for over 60 years but its manufacturer is now considering a name change amid criticism from
      Reuter  -  493 words
    • 3110 16 BUYING SUPPORT returned to the Kuala Lumpur stock market yesterday, breaking the two consecutive easief sessions. Overall, interest was more noticeable among select blue chips and higherpriced counters and thesf registered double-digtt gains on balance. In early trading, share prices managed to maintain their rebound following a
      3,110 words
    • 1408 16 Hongkong HONGKONG share prices closed slightly lowsr yesterday after rising sharply in the morning, as Tokyo's late weakness inspired selling, brokers said. The Hang Seng Index essed 1.14 points to 1,964.98 against a gain of nearly 50 points in the morning session. The Hongkong Index
      1,408 words
    • 122 16 C*WI Suga* ***** -300 OMIM Nd ***** uncti Omwoo Corp ■750 -2S0 Omwoo Hmtvv OarimMn fecurrtlat 1100B IX ***** to' Done A>* PNu 14*00 HO Dong Sufi Stock moo *•00 Donabu It#* OoxTSU' ***** ***** -400 *ine»« Hanll B«r» ***** •400 Hafiii Cmwo ***** 300 Hanfcut OlM>_ IT 400
      122 words
    • 504 16 Reuter TOKYO share prices closed lower yesterday in lacklustre trade, after an early upward spurt, as the failure of institutional investors to buy even when prices were rising unnerved the market. The Nikkei Share Index closed 62.64 points lower at 22.885.70. Earlier it hit a 23.150.31 peak. On Tuesday
      Reuter  -  504 words
    • 467 16 STRONG GAINS on overseas share markets boosted sentiment on the Australian Stock Exchange. which closed higher in thin trade yesterday. Investors were encouraged by a 56-point advance in the Dow Jones index on Tuesday, a 24point rise in London's FTSE 100 index and a small gain in bullion prices.
      467 words
    • 153 16 Reuter THE SECURITIES Exchange of Thailand Index yesterday shed 1.80 points to 253.96 on a turnover of 2.194,825 shares worth 231.44 million baht. DCC M 1 IAHT Ao Kham Thai Ayudhya Invaatmanl Bangkok Agro-tnd Bangkok Bank Bank Ol Ayudhya Charoong Thai Wlra A CaMa 191 57 295 276 Ohana
      Reuter  -  153 words
    • 261 16 occ m (TT AM Nitfua *0} *005 Ma Cwnant 73 00 *2 Cafftay Com 7340 2 Chang Hwt Bank 229 00 Oana Laonf CM* HbIFI Cuml UK 40 >0 *15 "13 CWn Main Ftov to 70 •05 Oma Ch*m 33 X •00 Chin a D«*_ 74 00 •1 China
      261 words
    • 70 16 mc m not Kcam Mining Arvgio PhM i j 1 A|M* Mwtlic B OW' ■>0001 ahh Com A 27 SO •1J Bagwc GoM ftjtif PwcTtum 00M >0001 COft B M untf) Ptw Htdoa ISO *Cl9 090 *ooe r— WW Overeeei 0 0*7 ttD B 0« unaM Peso B «JOT
      70 words
  • Page 16 Advertisements
    • 399 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF JAWHITE PRIVATE LIMITED (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the Members of the
      399 words
    • 391 16 THE COMPANIES ACT, CAP. 80 NOTICE OF RESOLUTION VILLAGE FARM PRODUCT SUPERMARKET (PTE) LTD (In Members' Voluntary Liquidation) At ail Extraordinary General Meeting of Village Farm Product Supermarket (Pte) Ltd duly convened and held at 102 Upper Cross Street #09-05 O.G. Building, Singapore 0105 on 9th December 1967, the following
      391 words
    • 229 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TTK TRADING SINGAPORE (PTE.) LTD. (Members' Voluntary Liquidation) FINAL MEETING NOTICE 1b hereby given. In pursuance of Section 306 of the Companies Act, Cap. SO, that the FINAL GENERAL MEETING of the members of the abovenamed
      229 words

  • WORLD MARKETS
    • 1084 17 New York Reuter WALL STREET stocks closed sharply higher on Tuesday after the market s ability to hold modest gains in the face of weaker bond prices and an easing dollar spurred a broad-based rally in late trading. The rise gave the market jts biggest double
      Reuter  -  1,084 words
    • 997 17 London Reuter EQUITIES opened firmer yesterday, in response to the sharp gain overnight on Wall Street and continued modest speculative buying after BP built up a stake in Britoil on Tuesday. But trading volume was well down. At 0900 GMT, the FTSE 100 was up
      Reuter  -  997 words
    • 170 17 B C to acquire Abaco for £188 million Reuter BRITISH and Commonwealth Holdings PLC said it had reached agreement to acquire the entire share capital of Abaco Investments PLC for £188.3 million. It said in a statement the terms of the offer were one new ordinary B C shares and
      Reuter  -  170 words
    • 1001 17 Selected indices HONGKONG Hongkong Index Wednesday 1296 92 Tuesday 1297 30 Week ogo 1379 97 Hang Seng Index Wednesday 1.984 98 Tuesday 1.986 12 Week ogo 2.***** All Industrials Wednesday Tuesday Week ago NEW YORK Dow Jones Tuesday Monday Week ago ***** 1881 3 ***** 1868 37 1812 17 1842
      1,001 words
    • 98 17 Reuter DUTCH AIRPLANE manufacturer N V Koninklijke Vliegtuigenfabriek Fokker said a 527 million guilder rescue plan announced in October urged the firm to seek a merger before the end of 1990. The recommendation is included in statements published ahead of a Dec 22 shareholders' meeting which will
      Reuter  -  98 words
    • 417 17 Reuter BRITISH PETROLEUM Co PLC has acquired a strategic position in Britoil PLC in a move to fend off other potential bidders pending a UK government decision to relinquish its "golden share" in the North Sea oil company, analysts said. BP said
      Reuter  -  417 words
    • 517 17 Reuter COMPUTER INDUSTRY executives in the US said the October stock market collapse had not caused a slowdown in their businesses and that orders remained generally strong. Technology stocks have taken a beating since the market's dramatic slide on Oct
      Reuter  -  517 words
    • 710 17 Reuter UK COMPANIES are showing signs of renewing their interest in acquisitions after the stock market crash, market sources say. They are also reviewing methods of financing bids, with cash and convertible shares replacing underwritten share offers. Marcus Agius. executive director of
      Reuter  -  710 words
    • 237 17 Manager*' prtc*t (II for Dk 10 Singapore Unit Trutl Ihm CoM»n S3 00* »i^o 0?? on i po» '««i ou 0V S PC* Sac tw< ov o«o %'fiCm '-xl OS* ou 5 pO-» tnu 1 h*d nj» onAlio Unh Trust Mo ln«u t.~t i a Mo- *o» S**
      237 words
    • 245 17 AP PENNZOIL has reverted to its original offer of a minimum of US$l.5 billion and a maximum of US$5 billion to settle its dispute with rival Texaco, a source close to the negotiations said on Tuesday. Pennzoil's original figures are higher than
      AP  -  245 words
  • Page 17 Advertisements
    • 111 17 The Sanwa Bank Limited (SINGAPORE BRANCH) U. 5.550,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE DECEMBER 12, 1989 In accordance with the provisions of the Certificate, notice is hereby given that for the interest for the period from December 10.1987 to June 10,1988 the Certificates will carry a
      111 words

  • 521 18  -  Sale an indication of weaker market By LEE HAN SHIH Property Correspondent THE MARKET for secondary office space in the Central Business District (CBD) has weakened by 20 per cent since the Oct 19 stockmarket crash if a major property deal concluded this
    521 words
  • 328 18  -  By BRIAN GOMEZ in Manila ONLY A DOZEN unarmed security guards will accompany Japanese Prime Minister Noboru Takeshita on his trip to Manila next week, leaving security entirely in the hands of the Philippine authorities. Mr Takeshita, making his first foreign visit since he became
    328 words
  • 203 18 PHILIPPINE DEMONSTRATORS, seemingly willing to take up the cause of many an issue, yesterday found reason to hold small demonstrations at three Asean embassies Singapore. Malaysia and Indonesia. Singing protest songs in their native Tagalog, some 40 Filipinos yesterday gave a signed statement
    203 words
  • 240 18 THE PHILIPPINE MILITARY yesterday captured runaway coup leader Colonel Gregorio Honasan in a lightning raid on a condominium in Manila conducted at about Bpm. Colonel Honasan, who led the bloody Aug 28 military coup attempt against President Corazon Aquino that observers said came close to toppling
    240 words
  • 427 18 FINAL PREPARATIONS for the Asean Summit get underway in Manila today with some of the tightest security arrangements ever seen in the country. Many of the 1,000 foreign journalists can count themselves lucky if they get to see any of the
    427 words
  • 276 18 AFP OIL MINISTERS of the 13-nation Organisation of Petroleum Exporting Countries met in Vienna yesterday. Iranian Oil Minister Gholamreza Aghazadeh said before the talks began that Iran would demand an increase in Opec's reference selling price from the current US$lB a
    AFP  -  276 words
  • 514 18 AP PRESIDENT Ronald Reagan yesterday predicted that the US and the Philippines would work out a mutually advantageous solution for continued US use of military bases in the island country. Next year's scheduled review of the base agreement "will offer us the
    AP  -  514 words
  • 199 18 AFP JAPANESE Prime Minister Noboru Takeshita said yesterday that his country is ready to play a role to maintain peace in Asia and that US bases in the Philippines are a positive contribution to regional security. "We are willing to make a contribution
    AFP  -  199 words
  • 114 18 Reuter JAPANESE JET-FIGHTERS fired tracer bullets to warn off a Soviet bomber which intruded into Japanese airspace over the southern island of Okinawa yesterday morning. A defence agency spokesman in Tokyo said it was the first time since the end of World War II that
    Reuter  -  114 words
  • 97 18 Reuter COMEX GOLD FUTURES backtracked to almost unchanged levels early yesterday after firming by more than US$2.OO on spillover buying. In nervous dealings, February gold rose US$O.9O at U*****.50 an ounce. Analysts said the sentiment was depressed by expectations of lower NYMEX crude oil prices against
    Reuter  -  97 words
  • 136 18 Reuter COCOA bean prices took another dive yesterday morning, hitting new fiveyear lows, with the December position on the London terminal market falling below £1.000 per tonne. Cocoa futures for December delivery dropped a further El 2 from the previous close to £993 per
    Reuter  -  136 words
  • 399 18 Reuter THE AUSTRALIAN federal budget outcome for fiscal 1987/88 ending June 30 has been revised to a ASSBO million surplus from the As 27 million deficit projected when the budget was announced in September. The Canberra government said yesterday that the revision followed
    Reuter  -  399 words
  • LATE FILE
    • 35 18 Reuter EUROPEAN Community ministers yesterday abandoned last-minute efforts to agree on a 1988 budget, deepening the bloc's financial crisis following last weekend's failed EC summit in Copenhagen Reuter
      Reuter  -  35 words
    • 67 18 AFP CANADA is to extend naval exercises beyond its Pacific coast to the South China Sea next year, armed forces chief General Paul Manson said yesterday. "Canada wants to show it is interested in this part of the world and its security and stability," Gen Manson told
      AFP  -  67 words
    • 82 18 Reuter NISSAN MOTOR Co Ltd *ak) it would recall 260,000 passenger cars because the pipes leading to the fuel tank might be faulty. The recall includes 79,716 Pulsar, Langley. Liberta Villa and Exa models sold in Japan. The remaining vehicles, sold in 48 overseas regions,
      Reuter  -  82 words
    • 56 18 Reuter FIJIAN Prime Minister Ratu Sir Kamisese Mara appointed a 21-member Cabinet yesterday that includes Brig-Gen Sitiveni Rabuka. who led two coups in five months. Mr Mara became the new prime minister on Saturday after Brig-Gen Rabuka announced he was stepping aside and allowing the country
      Reuter  -  56 words
    • 51 18 Reuter INDIA'S peacekeeping force will remain in Sri Lanka to achieve its objectives by force if necessary to get Tamil Tiger guerillas to lay down arms, the Press Trust of India has quoted Chief of the Army Staff, General Krishnaswami Sundarji, as saying.
      Reuter  -  51 words
    • 48 18 Reuter INDIAN exports grew strongly in the first half of the financial year, outpacing the growth in imports and cutting the trade deficit. The Finance Ministry said the trade deficit narrowed to 29.88 billion rupees from 33.82 billion in the period last year. Reuter
      Reuter  -  48 words
    • 44 18 Reuter THAILAND'S armed forces yesterday condemned an unprecedented leaflet campaign attacking the heir to the throne, 35-year-old Crown Prince Maha Vajiralongkorn, breaking an official silence on a subject that has set Bangkok buzzing in the last two weeks. Reuter
      Reuter  -  44 words
  • Page 18 Advertisements
    • 202 18 ITC students STAND OUT from the crowd!! r> h ITC l» SlAsios lorgest IBM based training centre. Itrsrt>e only school that has computer systems that spon from miaos to o moinfrome he. IOM PCs. IBM PS/2. IBM Syvem/36 ond the u (1986). We olso have o sophisticated fl fl "n|)/
      202 words
    • 36 18 Reagan, Gorbachev sign pact, page 4 asaa Nfff 1 > jgyti iMlg ?•> f'7^^ s£Sr/& mmm s*^ ssresss SS*" 2#' L i&ir kW >sj« SiS Available at: WatcnesofSuntzeiwub 6. Scotts Road. #01-16 Scotts. J Singapore 0922 Telephone *****08
      36 words

  • SHIPPING TIMES
    • 563 19  -  By G DURAIRAJ JOHOR PORT, which has been pushing hard to attract container lines to its terminal, should exploit its sea cost advantage to'lure the Far East and regional traffic, including Sabah and Sarawak. The southern Peninsular Malaysia port has
      563 words
    • 208 19 Bernama THE KLANG Port Authority (KPA) will send missions overseas next year to promote the use of the port which will be made a free trade zone in April next year, its chairman, Datuk Michael Chen, said. Initially, the missions would focus
      Bernama  -  208 words
    • 131 19 A THIRD stevedoring venture involving the Australian Waterside Workers' Federation is to be established at Geelong. Initially the new company will handle specialised cargoes such as refrigerated goods but its role is expected to be widened to take in general cargoes.
      131 words
    • PORTSIDES
      • 100 19 Reuter MOROCCO has officially opened a new port on its Atlantic coast which it says could become the leading mineral exporting outlet in Africa. The ultramodern port at Jorf Lasfar. about 100 km south of Casablanca, is equipped to receive 100,000-tonne oil tankers and 150,000-tonne natural
        Reuter  -  100 words
      • 69 19 Reuter TRUCK DRIVERS from Rio de Janeiro and Espirito Santo went on strike to demand a 101 per cent increase in freight prices, a union spokesman said. The drivers planned a national strike but only those from Rio de Janeiro and Espirito Santo joined
        Reuter  -  69 words
      • 70 19 Fairplay THE FIRST commercial linkspans in Britain have been dismantled to make way for the latest phase in the port of Dover's £55 million development programme. The advent of new berth designs over the past two decades has resulted in single lane bridges being dispiaced.
        Fairplay  -  70 words
    • 772 20 First pre-tax earnings recorded in 10 years SANKO STEAMSHIP, which collapsed two years ago in the largest corporate bankruptcy ever recorded in Japan, is back in profit. The swift turnaround, given the troubled state of the world shipping industry, again highlights the extraordinary resilience of the
      772 words
    • 226 20 Reuter A TANKER set on fire just outside the Gulf in an Iranian attack two days ago is starting to break up and will probably be a total loss, shipping sources said on Tuesday. They said the 85,129-ton Norman Atlantic, registered
      Reuter  -  226 words
    • 158 20 Reuter IRAQ reported a fresh shipping strike in the Gulf on Tuesday and Lloyds Shipping Intelligence said it appeared an Iranian tanker had been hit on Iran's oil shuttle run. An Iraqi military spokesman said the attack was carried out at 1.40pm
      Reuter  -  158 words
    • 766 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrons VII 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl I 1/2 A PC line V 4 API III 2/3 Arrow lines IX 5 ASCI
      766 words
    • 1247 20 Firm rates for grain cargoes loading in the US Gulf were a feature of the dry cargo market and sent BIFFEX futures back to record highs in early trading on Tuesday, brokers said. A rate of US$l3 was reported paid for a 55,000 long tons heavy grain cargo
      1,247 words
    • 478 21 Lloyd s List THE UNITED STATES Federal Maritime Commission has published proposals for instituting sanctions against Taiwanese carriers which could if they took effect in their most drastic form result in the banning of Taiwanese companies such as Evergreen from US trades. At
      Lloyd s List  -  478 words
    • 202 21 ALL SURVEYS were conducted on Nov 23 Argentina Buenos Aires 25 vessels operating. Australia Brisbane, Sydney and Melbourne Normal operation. Brazil Santos 40 vessels operating. Cameroon Douala Normal operation. Canada Vancouver (British Colombia) Waiting time of up to two weeks. Chile Valparaiso Normal operation China Oingdao and Shanghai
      202 words
    • 453 21  -  From KINGSLEY WOOD In Sydney MULTI-MILLION DOLLAR coal export deals with Rumania, Turkey and Czechoslovakia and the construction of an associated super port could founder with the going of Sir Joh Bjelke-Petersen as Queensland Premier. The deals were personally negotiated by
      453 words
    • 47 21 THE PANORAMA, a 5,330 grt ferry, will become the first vessel to join the newly-established Trinidad and Tobago register after the country's Shipping Bill, now passed by parliament, becomes law. The vessel will shuttle between Trinidad's Port of Spain and Scarborough in Tobago.
      47 words
    • 199 21 Reuter THE JAPANESE Ministry of Transport has approved a Nippon Kokan K K plan to cut its shipbuilding capacity by 27 8 per cent, a ministry official said. The government has urged Japanese shipbuilding yards to cut total capacity by 20 per cent by
      Reuter  -  199 words
    • 175 21 Reuter RECENT RAIN has replenished water levels on portions of the Upper Mississippi and Illinois River systems, and barge traffic is flowing smoothly, the US Army Corps of Engineers said. Low water hampered shipments recently in some locations, and levels are still low
      Reuter  -  175 words
    • 8019 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      8,019 words
    • 127 26 Area/Port VtecoeNy CST at 50C Denetty G/ML at 15C Water Volume 0/0 Africa/Red Sea Jeddoh Durban Arabian GuH 156/179 45/171 0.952/0.955 0.964/0.992 0.1/0.7 0.0/0.4 Rot Tonuro fcohral n Europe 161/165 167/186 0.948/0.949 0.975/0.975 0.0/0.2 0.1/0.1 Rotterdam Homburg Le Havre Genoa Far Eaat 31/412 108/378 38/374 310/351
      127 words
    • 1341 27 AT CONVENTIONAL WHARVES Mhmm a 1012 i«0 12 12.4100 bum S#»it to (2 1400 •2 12,7X0 < i Btrt h Arrival Dapartura Mr* N» 1 ji i«0 .0 ***** t0 12 l«00 H 12.7X0 12 124KB KEPPEl WHARVES (X *32 «> or Ol «ll CK> QD MARINA
      1,341 words
  • Page 19 Advertisements
    • 771 19 TIMES lOOtt STP Distributors WW Orient OVBQUS CotUeum LINE SO'-rr' I SttPPIM AfiENCttS (Ra| He. M2M4/ 00K 2D Cantonment tad #12-06 SeunpeM. Swppor* COT TM 221 mi TELEX NO lIS ***** TCMMNAUCfS TW *****1 220 BOOKINGS Td *****4 235 PCSAKA jARMNC SMtffING AGENCIES SON. INO POUT KELANC TEL 36*111 Tata
      771 words
    • 60 19 wen SANKO STEAMSHIP, which collapsed two years ago In the largest corporate bankruptcy ever recorded in Japan, is back in profit. Page II THE UNITED STATES Federal Maritime Commission has published proposals for instituting sanctions against Taiwanese carriers. Page 111 Index to advertisers II Shipping schedules VIII London freights II
      60 words
    • 457 19 *°v TIMES STP Distributors SINCA^* 6 mc cp- MAERSK LINE SINGAPORE/ U.S.A. END TEAR SPECIAL "LEXA MAERSK" VOY Hit Departure 31.12.87 Feeder from Port I VOT PO r Mtttyni Keiang To: Europe—UK Scandinavia— Finland 17/1 1 ia/i 24/1 25/1 31/1 1/2 To: Mediterranean Sea Tha meek Laura M Closing Tune
      457 words

  • Page 20 Advertisements
    • 467 20 031 COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO NORTH CONTINENT jB'VPFI lE3E3 VILLE DE »ERCURE BIRDIE VILLE DE PLUTON VILLE DE SATURNE Also accepting cargo to all U.K. destinations. Scandinavian (Aartius, Copenhagen. Gothenburg) FELIXSTOWE ITA m w and other European Inland i
      467 words
    • 17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 266 20 CHARGEURS REUNIS f* G EARBULK LTD. CONTAINER SERVICE HAWK ARROW V.23 KANDY V.SO PORTLAND 2S/01 09/02 MELBOURNE P.KEMBLA SYDNEY NEWCASTLE BRISBANE 01/02 05/02 OMB 12/02 15/02 26/02 22/02 01/03 Barber Blue sea SuperCamers for roll-on/roll off and container flexibility JL NADA CARIBBEAN C. AMERICA a/i a/i an i« 12/2 w
      266 words

  • Page 21 Advertisements
    • 954 21 The Straits Steamship Group Mansfield Container Shipping Re Ltd FSiOCLfH, r&o Containers Limited WnVlifJ 1 JONTAINERSWP SERVICE FROM UK/CONTINENT: TOLAS* BAT TOM 10 EXPttSS KOWIOON BAT FRANKFURT EXPKfSS OSAKA BAT CITY Of EDINBURGH IAKS bat hongkong express CARDIGAN BAT BENAVON Hate, Tofcy*. H'kar| B'taMn SMM SMM Sa*d SaM M SMM
      954 words
    • 551 21 EUROPE SENATOR LINK USA/PANAMA O lilt 17.12 Il.lt KJI ACCEPT* CMC! TlT** SFI UUL ML MA. SAI. TU. ITC AN ML ITREI FNTS M II TO USA/CANADA WEEKLY FULL CONTAINER SERVICE FEEDER P PIERCE V 136 NUPTSE Vll9 P. MADISON Vl4l P PIERCE V 137 Lull 11/12 10/12 10/12 13-14/12
      551 words

  • Page 22 Advertisements
    • 316 22 ae Hapag-Lloyd CONTAINERSHIP SERVICE TO UK/CONTINENT CONV SEMI-CONTAINER SERVICE TO EUROPE CONV SEMI-CONTAINER SERVICE TO MEL» EUROPE CONTAINERSHIP SERVICE FROM UK CONTINENT 1 Agents Singapore *****00 K. Lumpur *****25 Booking *****08 P. Kelang *****18 CFS *****46 CFS *****50 Penang *****7, *****2 mm SOUTHEAST ASIA PTE. LTD. INTERNATIONAL FREIGHT FORWARDE CONSOLIDATION
      316 words
    • 710 22 ipi: JS.Sline turn tmermf CM****"** FULLY CONTAINERISED SERVICE TO fUROPt VIA SUCZ Mfmbf. ol the «cr ConsortMrT KOREAN CHANCE 3W NEPTUNE DIAMOND 7JW ORIENTAL CHIEF S7W KOREAN JACEJIN 42W KOREAN JACEWON UW NEPTUNE DIAMOND 43W LeHavre Fstmn R'dam H'buff Bha*en FROM ['JROPE VIA SUEZj Mfmbfr ol the «c f Conwlmm
      710 words
    • 342 22 f/A FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO COLOMBO: sailing 25/12 1/1 SIN FOR: PORTO. LISBON, ORAN, BILBAO 19/12 MADRID, MALAGA. MELILLA, 25/12 TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ISTANBUL U.S.A. NYC ALSO ACCEPTING TO 15/12 1 10/01 1 17/1 CHICAGO, BOSTON, JAV, PHIL,SAV, MIAMI
      342 words
    • 1188 22 EVERGREEN Full CanUutwj S> Round-The-World East Bound (FE/CARIB/USEC/EURO'FE) EVE* GLOBE 17/12 1102 2*12 2*12 iyi EVER GRADE ItlU EVE* GENTLE 23/12 27/12 a/17 »/17 2V] EVE* GENTRY H/12 *1 *1 *1 EVER GOLDEN 14/1 11/ l 20/1 22/1 iifl EVER GUARD 21/1 2S/1 27/1 2*l 1/2 1/2 7/2 2W EVER
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  • Page 23 Advertisements
    • 431 23 PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE VOY SM PKL BLW PEN ■711 Ski 10/12 11/12 12/12 •74* 15/12 11/12 17/12 11/12 •720 22/12 23/12 24/12 29/12 •790 20/12 30/12 31/12 in VESSEL
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    • 270 23 NORBULK CARGO SERVICES LTD. 'HH' REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEI 722M66 KL PK S P YEO SHPG TRDG Kl 783*44 PK *****01 PENANG TANJONG MARINE SON BHD TEL *****5 SABAH TRANSPAC KK TEi. ***** *****8 BREAKBULK SERVICE TO EUROPE/UK
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    • 390 23 BEN LINE CONTAINERS TASMAN JEBSEN NEW ZEALAND LINE TO NEW ZEALAND, NEW CALEDONIA FIJI AND SOOTH PACIFIC ISLANDS ANAN6EL LEADER VOY 6S SIN NOUMEA AKI 1/1 24/1 29/1 TIM/IY TIM/ON BLUFF 8/2 8/2 10/2 ACCEPTING LAUTOKA, SUVA, APIA, PAGO PAGO. NUKUALOFA, WITH T/S AT NOUMEA •ACCEPTING PORT VILA ANO SANTO
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    • 512 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYB P.T. 6ESUH LLBYI P.T. SAMUBEBA INDONESIA P.T. TBtKORA LLOYB EXPRESS SEMI CONTAINERSHIP SERVICES 1 m a T«fc onm T«t«cß fo» *****06 ToimMUSI OKw *****21 DJAKARTA LLOYD INDONESIAN NATIONAL LINE EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSI/VOY SRIWIJAYA/22W8 ANTWERP H'K/ ROAM/ADAM
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    • 405 23 BOUSTEAD SHIPPING AGENCIES 1* BURMA FIVE STAR S'pore PA-AH VIIW SO3 Dec PAGAN VI2IW )/l 1 Dec HTOMEYWA V23OW 11/20 OK PAGAN VI22W 21/30 OK (Burmese National Line) e P.Kelang Penang Bangkok SPORE RDAM HULL SOUTHBOUND FROM UKC TO PNC DARWIN FORTHBANK V2IS Spore 28/12 (PNG ports: PORT MORESBY/KIETA/RABAUL/KIMBE/LAE/MADANG) T/S:
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  • Page 24 Advertisements
    • 1385 24 K"LinE SHIPPinG-DfITA flTLflflTlC COAST (Round-The-World Service) •PK/PNG SPORE RAINBOW BRIOGE VlO 12 Dk 17 Ok 9Jan 19 Jan a Jan 23 Jan 27 Jan NEPTUNE GARNET Vl2 19 Dec 24 Ok 16 Jan 26 Jan 21 Jan 30 Jan 2 Feb •VIA FEEDER PfiDFkC SOUTH-WEST FEEDER VSL •PK/PNG SP MOTHER
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    • 772 24 'M INDIA EXPRESS CONTAINER SERVICE HaMu/Calcutta Cbaflbdr at/Calcutta Cbe«U#a»/HM/Calc*tta Kendia/Saabey Calcutta Madras HMIUcm/CMMra Cba/M*ra*/HM/Ca»cutta HM/Calculta/Cbaflbdrat INDIA/JAPAN/INDIA SERVICE •pUng FCL Container* and ConvnMonal Ca Accepting FCL Container* and Conventional Cargo Also accepts Metal* A Steel Product* Singapore 27 Dk II Jan ARUNACHAL PRADESH V B S O NACAUNO V B P
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    • 649 24 GOLDEN LINE GUAM GUM) SWUNG (PTE) LID rati Ttt son (II II MS) fat: 94SM a. Tftak *r* Si SNCAPORI DM STRAITS/PERSIAN GULF SERVICE: Spar* p GOLDEN BEAR Cotointo/Karachi/Dutioi/Oemmani I*A» Ok GOLDEN HARVEST Cotombo KaracftrDu6o< 1/10 Jan CHINA SERVICE VESSEL Xinpnc, Shanghai 20/21 Ok DAI rUH SWAN T»f»tac 11/15 Dt
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    • 371 24 s PHIU-Oni€NT LIN€S PT€ I TO H6C OFf.Cf 63 R3SNSCS PQtZ C" AfRO AS'A BUIIOING S NC-ftf C K f CICS. nut as ;e7?o FK H U« EAST/FAR EAST FCL ft LCL ETA ilO2. iyu 21/12. 27/12 11/12. 17/12, 23/12 DONA. MUSCAT. UN AW ONMI A SMARJJ JHJOAM HOOeOAM. t
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  • Page 25 Advertisements
    • 923 25 Agenti Sport Tel No P Kelang K Lumnur NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE. LTD ri EU/AUST TP A/St A Terminal CFS BOOKINGS *****53 *****42 *****22 *****53 *****19 *****16 *****11 *****41 NEPLINE SON BHD J6MM7 INWARD/OUTWARD NEPLINE SON BHD 2****** ENQUIRIES *****44 NEPLINE SON BHO *****5/*****/*****1/*****2 NEPLINE SDN. BHD
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    • 521 25 HEUNG-A SHIPPING Korean Flag Vessels OONAM SEMI-CONTAINERISED DIRECT SERVICE TO P. KELANG, PENANG. BUSAN, INCHON Vmml'i Name M Ent»rpriw/71SA No 6 Oonam.7l2N No S Oon»mnm No I Dorvam/710N Gloria/771N No 7 Donam/TllN No Donam/HIN M Enterprise/716N ETD BS BKK S PORE PKELANC mi m 2 15-17IU 11-21/12 07/12 11/12 27-2S/12
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    • 928 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 MESSRS MAI TMOMC SHIPPING 127 PwwjStrwL Prang. MMma C*bto JAYAPOH PENANC. TM: *****4/6229 M Trtt,
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    • 16 25 ft IUS ff. 4 fl MADJU SENDIRIAN BERHAD 20-12 Tong Eng Building Singapore 0106 Tel *****87
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  • Page 26 Advertisements
    • 296 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. T!l 225 6868 <30 L.nes> fAX *****39 *****76 TILEX RS ***** A B SSCMA RS ***** A B SSCAD v'E.B DEUTF RACHT/SE&REEDEREI RQSTQCK INTEGRATED FULL CONTAINER SERVICE •YIA.C010MB0: Accepting cargo lor INDIA Bombay. Cochin, Madras Calcutta "VIA lARNACA: Accepting cargo for Lattakia, Piraeus, Thessaloniki. Izmir,
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  • Page 26 Miscellaneous
    • 164 26 K Regional Weather ft ts s 53 'j Si if A 1«: SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. R Thunderstorm T^p^orur. X We at Her Wmd d*ect»on w.th speed rt knots Rom w Cloudy WOV Su»*OC« wifvJt ore mdico'ed by 0"0wi trk.ck Hy w»tk tke «md
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  • Page 27 Advertisements
    • 662 27 WEEKLY LCUFCL CONSOL. SERVICES TO VANCOUVER, TORONTO, MONTREAL (CANADA) SPORE VANCOUVER TORONTO MONTREAL INKER I 14/12 11/1/88 17/1/88 18/1/88 •NKER II 23/12 18/1/88 24/1/88 25/1/88 :NKER 111 29/12 25/1/88 31/1/88 1/2/88 ■NKER IV 6/1 1/2/88 7/2/88 8/2/88 SlO THOMSON ROAD OW-O2 SLF COMPLEX SPORE 1129 TEL: 2M-4011 FAX: 2M-4121 TELEX:
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    • 259 27 UNIPACIFIC TRANS. TRADING AGECY lH PTE. LTD. IRAQI LINE •s; s'i'f st EAST BOUNO SERVICE ETA SPORE loading for MV SI NOB AD ISA J apart WEST BOUND SERVICE ETA SPORE LOADING FOR MV BALQEES 12/12 Aoahi ;«tdah MV BASRAH 3002 l«ddah Aoatu MV BAGHDAD ill J«kU* Aoata THROUGH B/L»
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  • Page 28 Advertisements
    • 330 28 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** S ft. I \s I I k\ \K I l\l K. Ill) WEEKLY CONVENTIONAL HEAVY LIFT SERVICE FROM SINGAPORE/PORT KELANG TO: HONGKONG KEELUNG KAOHSIUNG TOKYO/OSAKA YOKOHAMA NAGOYA/KOBE CAR CARRIER SERVICE TO MUARA/KUCHING KK Loading at
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    • 440 28 o COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SENB-COWTAICR SERVICE TO TTT Africa Ocean Likes Lid li M"iy r»u ygi if mv i r mmm 3l*f4> VESSEL ETA SPORE 1112 Port Harcourt, Dakar, and Tema i, Port Sudan. Aquaba Continent Ports 30/12 MV ATMUKE ABKX-A Accepting FCL,
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    • 177 28 LCL WEEKLY SERVICE TO: WEEUm 11/12 NAM/MEM 14/12 BANGKOK 12/12 MTTBMM 14/12 HONGKONG 12/12 TILBURY 14/12 FUMNTLE 14/12 SYO/MBJ IS/12 ADELAIDE 14/12 WEEKLY CONSOL. SERVICE FROM GERMANY CON-CARRIER 48/87 CON-CARRIER 49/87 ETD GERMANY ETA S PORE 24/11 14/12 1/12 21/12 LCL SERVICE TO CARRIBEAN PORTS ST. VINCENT, GRENADA, ARUBA, GRAND
      177 words
    • 748 28 /M CALL US AT? P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 '04-*****2/4 *****3 '07-***** >07-*****3, *****5, *****0, *****1 •02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER P KELANG MTHR VSI TOTAMA 6 PERMAI I tUTANC m B BUTANC 403 I B BUTAMC <05 31.12
      748 words