The Business Times, 15 December 1987
1987-12-15
1
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The Business Times
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Title Section11 1987-12-15 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, DECEMBER 15, 1987 75 CENTS11 words
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Article153 1987-12-15 1 Overseas markets Monday HK Hang Seng Index 2040.62 < 51.04 Tokyo Nikkei Average 22,926.28 (-109.53) Sydney All-Ordinaries 1221.61 3.3 Friday New York (Dow Jones) 1867.04 (+11.60 London (FT 30 Index) 1310.7 (+25.7 Exchange rates US$: 127.90 yen 1.6280/90 DM SS2.0085/95 US$1.8400/10 M$: S $0.8089/97 Simex Euro-$ (Mar)153 words
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Article66 1987-12-15 1 Reuter JAPAN lowered interest rates on its official development assistance loans by an average of 0.6 percentage points for government loans signed after January 1987, the Japanese Foreign Ministry said yesterday. Interest rates vary according to per capita income and other economic indicators. JapanReuter - 66 words
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644 1987-12-15 1 TONG SUIT CHEE - Revised rules aimed at ensuring open and competitive bidding By TONG SUIT CHEE THE GOVERNMENT has revised its tendering procedures to ensure that the tendering system is open and competitive. The new procedures were drawn up after a review showed that there had been644 words
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Article, Illustration321 1987-12-15 1 SHARE PRICES in major Asian markets, except in Tokyo, edged higher despite concern over continued weakness of the US dollar. which undermined trading yesterday. In Singapore, selective blue chips posted double-digit gains in very quiet trading, pushing the Straits Times Industrial321 words
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Article60 1987-12-15 1 Reuter WALL STREET stocks were higher after a mixed opening yesterday with blue chips pushing ahead and the general market narrowly higher. Brokers reported quiet and reserved trading. They also related buying to Henry Kaufman's forecast of no recession. The Dow 30 index was up 15 atReuter - 60 words
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274 1987-12-15 1 THE US DOLLAR skidded to new lows in Asian currency markets yesterday as market players sold dollars on fears that it might weaken further. In Singapore, the greenback closed at a historic low of 552.0050 in quiet trading while it fell to post-war lows274 words
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Article63 1987-12-15 1 A WEAKER DOLLAR continued to weigh heavily on share values on the London Stock Exchange yesterday. However, a record high in UK retail sales figures for November (1.05 per cent) saw losses trimmed. At 1200 GMT, the Financial Times industrial share index was 1.7 points down and63 words
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320 1987-12-15 1 Reuter THE HONGKONG and Shanghai Bank yesterday painted a cautiously optimistic picture of the Hongkong economy next year. On the back of soaring export trade, the bank had earlier forecast that Hongkong's 1987 gross domestic product (GDP) growth rate would meet a government forecast ofReuter - 320 words
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132 1987-12-15 1 Reuter THE JAPANESE economy is expected to expand 3.6 per cent in the year starting April after growth of 3.9 per cent in the current fiscal year, says Nomura Research Institute in an economic outlook. Domestic demand will expand GNP by 4.8 perReuter - 132 words
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Article, Illustration500 1987-12-15 1 ZHOU MEI - By ZHOU MEI THE THIRD ASEAN SUMMIT marks the beginning of the next phase of Asean cooperation, said Prime Minister Lee Kuan Yew at the opening session of the summit yesterday. "Our presence in Manila despite the efforts to500 words
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Page 1 Advertisements
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Advertisement131 1987-12-15 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Only Sony help you see better Super Fine Trinitron Conventional Monitor Copy SONY CPD-1402E Above is an actual demonstration of Sony's superior readability. The Super Fine Pitch Trinitron achieves 900 x 600 dots, resulting in a high resolution /high contrast image. This one and131 words
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Advertisement387 1987-12-15 1 Full report, Pag* 16 Regional mart ate, Paga 18 Seoul polls and after TWENTY-SIX million voters will go to the polls in South Korea tomorrow. Whatever happens on that day will determine the country's future relation with the US, one that has grown out of the ashes of the Korean387 words
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Advertisement126 1987-12-15 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM I Mof reports, Btck p>qo Focus, Rags 10 Shipping Timet comes as a separate section today. Make sure you get your copy. UMH Uniflash cures all cash withdrawal symptoms. Now you need never suffer the headache of only being able to withdraw cash from126 words
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HOME NEWS
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469 1987-12-15 2 ANNA TEO - By ANNA TEO THE INFORMATION technology -I industry is poised for another 20 per cent growth next year to more than $900 million. This year's projected revenue of $780 million from the sales of computers, software i and computer services is in it-469 words
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Article634 1987-12-15 2 LIM SOON NEO - By LIM SOON NEO TELECOMS yesterday announced some changes in telecommunication and postal service charges for next year which will generally benefit users as some $2.9 million in savings will be passed back to them. The changes, effective from Jan 1, will affect mostly the corporate634 words
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338 1987-12-15 2 ANNA TEO - -by ANNA TEO THE NEWLY-FORMED Sports Goods Dealers Association is looking into some form of price control to curb price-cutting and other "unethical practices" in the industry. It was felt that price-cutting and the sale of shoddy or imitation goods would338 words
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Article, Illustration272 1987-12-15 3 VICTOR YEE has been appointed a partner of the Singapore office of Decision Processes International. Mr Yee. who is a professional in the field of human resources development in Singapore, also lectures at the Singapore Institute of Management. He is currently a tutor in the SIM/Henley MBA272 words
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Article169 1987-12-15 3 A PRODUCTIVITY MANAGERS conference organised by the National Productivity Association, National Productivity Board and Philips Singapore Pte Ltd will be held on Jarr 12 at the NPB Auditorium. The event. Productivity Managers Conference: the Philips Experience, will offer an opportunity for local managers to learn about the169 words
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95 1987-12-15 3 SPOT SALES and orders for computer goods worth $2.35 million were sealed at a four-day exhibition which ended recently. Exhibitors at Comtec '87 told the organisers in a survey that they also received trade enquiries which could lead to sales worth another95 words
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Article142 1987-12-15 3 SOME 2,500 professionals in the field of urban transport will meet in Singapore next year. They will be taking part in the City Transport Conference and Exhibition which will be held at the World Trade Centre from Oct 11-13. The three-day event will focus on the142 words
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Article, Illustration414 1987-12-15 3 WORK HAS STARTED on restoring the old dame of buildings City Hall to its former glory at a cost of $9.63 million. The Public Works Department awarded the phase-one job of renovating the 60-year-old building to So Say Cheong Contractors last month. The414 words
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416 1987-12-15 3 TONG SUIT CHEE - By TONG SUIT CHEE TIMES PRINTERS, the commercial printing arm of publishing giant Singapore Press Holdings, is to set up marketing offices in the United Kingdom and the United States by January next year. The move follows the successful opening of416 words
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Page 2 Advertisements
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Advertisement564 1987-12-15 2 Seminars and Courses Cor* Skills for Effectiveness and Change (COSEO Computer Auditing Dec 21 (commence ment date) Dec 21-23 National Productivity Board SBl Events *****66 Productivity Board Century Pork Sheraton *****76 Dec 21 Jan 5 Just In Time Workshop National Productivity Board National Productivity Board Marketing Institute of Singapore National564 words
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Page 3 Advertisements
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Advertisement303 1987-12-15 3 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day The ACER 910 PC is fast and powerful at a price that will surprise you. $2,995/- only! m Most computers with almost the same capabilities of the Acer 910 would cost you an arm and a leg. Not with the303 words
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Advertisement98 1987-12-15 3 (,hR-I hdoUl I Rl; <. I- M f •|\< i IS.\> r r. t: r r r. r. r, P r >• m* <n <*. ffAtrAtr JLSwr. C N C?. h UP IT 4 a# L> M-J I-*;*- > IT jl .'I .^X "*fc, ,'1 <♦-!=/ »ll I Mia i98 words
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ASIA – PACIFIC
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439 1987-12-15 4 Forecast of AsBoom-AsBsom shortfall Reuter AUSTRALIA'S November balance of payments data due today are expected to show an improvement in the country's current account position, economists and market analysts said. Estimates for the current account deficit range from As6oo million to A 5925 million butReuter - 439 words
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139 1987-12-15 4 Reuter JAPAN'S major corporations posted a 33.8 per cent year-on-year rise in ordinary profits in the July-September quarter, the largest since the same period in 1979, the Finance Ministry said in a quarterly report. Corporate profits rose 27.9 per cent in the previousReuter - 139 words
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204 1987-12-15 4 Reuter INVESTORS FROM the Gulf who lost out in the slump on world stock markets are likely to bring their money home, boosting investment in the region, a leading bank predicted in a Bahraini report on Sunday. Improved economic prospects locallyReuter - 204 words
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Article390 1987-12-15 4 AFP PAKISTAN is approaching a situation where its high budget deficit and other structural imbalances could constitute serious obstacles to economic progress, the State Bank of Pakistan (SBP) said on Sunday. The SBP's annual report warned the country's planners that relative "price stability and (the)AFP - 390 words
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218 1987-12-15 4 AP CHINA'S official news agency has accused a government ministry of bowing to pressure from factory managers and perpetrating a "farce and deception" by cancelling an exhibit of shoddy consumer goods. In an unusually harsh commentary, Xinhua News Agency said some factory managers hadAP - 218 words
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216 1987-12-15 4 UPI SRI LANKA and India are planning a programme to restore battle-stricken northern and eastern Lankan provinces to normal, a government official in Colombo said on Sunday. The official, who spoke on condition of anonymity, said the plan included a rehabilitation programme to resettle Sinhalese,UPI - 216 words
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Article904 1987-12-15 4 ARRIVALS Operator g dffVICt number Locol rim* From MAS MH671 0920 KUL su SQ103 0950 KU AC AC858 0950 yyz/ihr/iom CAL 0806 1000 CGK CPA CX710 1015 CGK MAS MH603 1020 KUL MA BI421 1100 IWN GU GA960 1100 CGK SU SQIOS 1105 KUl SU SO 201904 words
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Page 4 Advertisements
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Advertisement138 1987-12-15 4 The Haworth comprehensive furniture system for the electronic office now and in the future? M BS7 I m i i ys. let OFFiCE INTERIOR 5 Getz has got It HAWORTH, FROM THE UNITED STATES, HAVE DEVELOPED FURNITURE SYSTEMS FOR THE ELECTRONIC OFFICE TO THE VERY HIGHEST SPECIFICATIONS. WITHIN THE ES138 words
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Advertisement12 1987-12-15 4 JOURNEY AS PLEASANT AS HE SEASONS GREETINGS FROM ALL AT AIR CANADA12 words
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REST OF THE WORLD
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376 1987-12-15 5 AFP OUTGOING PREMIER Wilfried Martens of Belgium looked to be on his way out after six years in power following elections last Sunday in which the opposition Socialist Party became the country's leading political force for the first time since 1936, unofficialAFP - 376 words
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382 1987-12-15 5 Reuter AFTER THE EUPHORIA of a sweeping election victory, Prime Minister Turgut Ozal is set to inject a more sobering dose of austerity into Turkish life. In what officials and bankers see as one of the trickiest balancing acts of four years inReuter - 382 words
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233 1987-12-15 5 Reuter NIGERIA'S FIVE-YEAR transition from military to civilian rule made a messy start at the weekend when official bungling and attempted vote rigging marred the country's first elections since 1983. Inadequate planning hampered last Saturday's polling for local councils nationwideReuter - 233 words
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Article112 1987-12-15 5 Reuter THE STOCK MARKET crash could cost 50,000 jobs in the City of London, Britain's financial centre, a leading economist warned on Sunday. "The figure of 10,000 for prospective City job losses was based on a rather crude estimate assuming 3 per cent of theReuter - 112 words
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157 1987-12-15 5 Reuter INTERNATIONAL economic growth will slow in 1988 as a result of the share market downturn, but a recession is unlikely. Westpac Banking Corp said in its December economic statement "As long as the policymakers can be seen to be moving in the right direction,Reuter - 157 words
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Article96 1987-12-15 5 Reuter THE KIEL Economic Research Institute said the international stock exchange crash would slow economic expansion next year and forecast West German economic growth of around 1.5 per cent in both 1967 and 1968. The Kiel institute also said inflation would aver- age about 1.5Reuter - 96 words
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Article, Illustration598 1987-12-15 5 Reuter THE UNITED STATES must give a much firmer lead in reducing its budget deficit if the world is to avoid the road leading to economic turmoil and perhaps even to war, a group of ex-central bankers and top economists said. Former USReuter - 598 words
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Page 5 Advertisements
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Advertisement86 1987-12-15 5 V It 1 Only at Scruples Explore Scruples. Discover designer originals in rattan and wicker. A dream collection of the classic and contemporary. All handcrafted to capture your imagination. Elegance in furniture. Come to Scruples. But come preparedto fall in love. At Scruples. Only the finest. Business hours: |Oam 6pm:86 words
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Advertisement100 1987-12-15 5 Sam Agaot nl DWtmo> tor Sngapor* MMvm Bnr» t mdonm hinckley Singapore TRACING PTE LTD /VaiabJe n both gents and lades. A mambf ol mm DICKSON GfO— 0/ Comnnm Ta7K7T* Service Cenfre. 400 Orchard Road. 024-07 Orchard Towers. Singapore 0923 Tel: *****22 (8 Unes) Tlx RS ***** DTRDG Fax 7375r5s100 words
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Page 5 Miscellaneous
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Miscellaneous130 1987-12-15 5 m i''"o (°C) 40/25 Cloudy 04/01 dowdy 11/08 Cloudy 22/16 Cloor 30/18 Cloor 24/ door 06/-7 Cloudy 20/13 Roin 03-03 Cloudy -3/-4 Cloudy 22/18 Cloor 00-05 Cloudy 29/21 Rno 04-05 Cloor 24/12 Cloor 19/13 Cloor 00-04 Cloudy 30/12 Rno 28/17 Cloor 04/00 Cloudy 02-02 Cloudy 29/25 Cloudy 09/05 Cloudy 03-02130 words
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Miscellaneous65 1987-12-15 5 Doonesbury XXJKMU, CHARLES AND lAGONIZED OVER WHICH KINDERGARTEN TO SEND J CHRISTOPHER TO IF HE 1 PfPNJGertmo HILLDALB... FORTUNATELY, HE tHAS ACCEPTED EARLY AND UJE'RB SO HAPPY! HtUMLB'S JUST SO INCOMPARABLY SUPERJOR TO THE OTHER SCHOOLS, PONT L YOU THINK? BY GARRY TRUDEAU UM-.kJELL YES, I SUPPOSE 90 SHE supposes65 words
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MONEY AND EXCHANGES
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Article622 1987-12-15 6 EURODOLLAR futures opened slightly weaker on Simex yesterday from last Friday s close as sentiment was still affected by the weak US dollar. Fear of foreigners not willing to buy US bonds put pressure on US securities and Eurodollar futures. The March contract opened at 91.89, was622 words
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Article129 1987-12-15 6 Gold futures on Doc 11 100 troy ounces, USS per troy ounce Open Low Mta Ok 498.00 498.00 492.00 497.00 4.80 Jon 498-70 4J0 F«b 88 502.80 503.00 496.20 502.00 4.80 Apf 510.00 510.00 503.30 506.60 4.90 Jwn 516-50 516-50 510.00 515.00 5.10 Aug 519.50 519.50 519.50129 words
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Article, Illustration168 1987-12-15 6 indicates Km mraga of tha prim* landing rates of 12 msfor banks In 3'pors Interbank market rates (offer/bid) on Dec 14 us$ DM SWFC Y«n 7 6ay% 13/16 13/14 1/3 3/t 3 1/1* 7 15/1* 3/4 l/J 4 5/1* 3/1* 1 n* l/U 7/1* 7/14 <1/1- 4168 words
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Article1528 1987-12-15 6 METAL FUTURES OPTIONS Coma* Friday, Dacembar 11,1987 GOLD 100 troy ooncos; USJ par troy ounc* s»»« CoMo-LM P Mm Fato-e Apr-e Jun-c 460 42.80 52.00 39.00 1.00 480 24.90 36.80 44.60 3 20 500 12.10 24.60 33.50 10.10 520 6.50 17.00 25.50 24.30 540 3.30 11.00 IS.30 40.90 5601,528 words
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Page 6 Advertisements
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Advertisement320 1987-12-15 6 NEW SEASONS HIGH POINT Shop at the Shopping Gallery at the I lilton and win 4 double return air'-tickets to the fash ion capitals of the world. A TESTONI ITALIAN SHOES 6r LEATHER ACCESSORIES AD-HOC AMERICAN DESIGNER S BOUTIQUE AIZIA DISCOVERIES antiques ALFRED DUNHILL COMPLETE FASHION IJNE BOUTIQUE TWO M320 words
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Advertisement124 1987-12-15 6 FLY AEROFLOT TO EUROPE and enjoy a wonderful chance to see MOSCOW 3 weekly flights, Mondays, Wednesdays Fridays w. w* J <2 W r v J -'X <ii •> M F; ly Aeroflot to Europe transit via the USSR offers you a wonderful chance to make a stopover in Moscow124 words
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BANKING AND FINANCE
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Article964 1987-12-15 7 SINGAPORE: The US dollar closed weaker against most major currencies in generally thin trading yesterday. Dollar sentiment remained bearish after last week's announcement of a larger-than-expected US trade deficit for October and on concern over the huge budget deficit. The dollar closed at a post-war low of 127.90964 words
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Article307 1987-12-15 7 Asian market ASIAN DOLLAR deposit rates closed little changed at opening levels, after a day of quiet trading yesterday. Short-dates were unchanged to slightly higher at the outset, underpinned by a steady US federal funds rate. Overnight and Tuesday/Wednesday closed at a common 6% 6% per cent and week-fixed at307 words
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Article61 1987-12-15 7 THE one-month rate on the Singapore interbank market closed at 3 3/4 per cent yesterday. The one-month rate rose 1/16 while the twoand three-month rates were up point. S$ Interbank rates at 7pm yesterday: OffW MO n3 3/4 3 S/t lHMrth 3 3/4 3 5/8 2-flienNi 3 13/1661 words
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Article78 1987-12-15 7 Treasury bills Period Issue Yesterday's closing Day's code Maturity MO OFFER HIGH LOW 3 months 6 months 1 year RQ*****E BS*****S &Y*****T 10.3.88 21.4.88 24.11.88 3.43 3.37 2.47 3.38 3.32 2.42 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate WD OFFER H4GH78 words
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165 1987-12-15 7 Reuter THE Bank of Japan is asking private banks to moderate their lending during the January/March quarter to help fend off a possible inflationary threat resulting from continued high growth in money supply. The central bank is asking the banks specifically to limitReuter - 165 words
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Article109 1987-12-15 7 AFP SPANISH police have arrested seven people suspected of involvement in a multi-million dollar credit card frqud. Police said in Madrid yesterday that all seven were French nationals. Spanish and French police investigating the largest credit card fraud syndicate ever uncovered in France also seizedAFP - 109 words
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Article, Illustration317 1987-12-15 7 Astley Pearce in major expansion ONE OF SINGAPORE s biggest money brokers. Astley Pearce (Pte) Ltd, is embarking on a major expansion. The broker, which is part of a British-based group, moved over the weekend into a $4 million office in the Standard Chartered Bank Building. The new quarters stretch317 words
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Page 7 Advertisements
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Advertisement259 1987-12-15 7 Sharps Inllbur Corner A portable personal computer with built-in dual 3V2 "720K8 floppy disk drives for your corner, your desk or your lap. s VA •v PC-4502 Personal Computer with Dual 3Y2" Floppy Disk 7 *****-7.16 M Hz processor Illuminated supertwist LCD display IBM® PC™ compatibility. Memory expandable up to259 words
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COMMODITIES
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479 1987-12-15 8 Reuter HEAVY RAINS in Java are relieving Indonesia's drought, but the prolonged dry spell through much of this year means rice production could fall short of target. according to Western agricultural experts. "They could just squeeze through, but it s more likely theyReuter - 479 words
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188 1987-12-15 8 Reuter EUROPEAN COMMUNITY (EC) agriculture ministers approved a Scheme last Thursday to encourage farmers to grow more marketable rice varieties. Their action came a day after Jhe US said the plan breached accords at the General Agreements on Tariffs and Trade ■(Gatt). Under theReuter - 188 words
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361 1987-12-15 8 Reuter COMMODITY PRICES are booming and unemployment rising but Malaysia, the world's biggest producer of rubber and palm oil, has a serious labour shortage on its plantations. "We have the best estate facilities in Malaysia but we still have difficulty recruiting," said Borge Bek-Nielsen,Reuter - 361 words
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840 1987-12-15 8 Reuter HALF A MILLION men scattered through Brazil's vast jungles are part of a gold rush that could help this country recapture the title of world s top gold producer it held 300 years ago. Brazil has seen its bullion outputReuter - 840 words
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Article371 1987-12-15 8 HONGKONG: Gold closed firmer in brisk trading but late profit-taking pared its gains yesterday. The weakness of the US dollar pushed gold to a high of U*****.00/50 an ounce in mid-afternoon trading but the advance was reversed when the dollar stabilised. The metal ended at U*****.90/498 40 an371 words
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Article280 1987-12-15 8 Crude palm oil futuraa closed steadier in very active trading on the KLCE yesterday, in line with strong short-covering activities. Prices touched a high of M 5945 a tonne yesterday. Spot month December closed Ms2s higher at M 5935 while January was Ms 27 better at M 5939280 words
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Article112 1987-12-15 8 Reuter THE price of tin on Vie Kuala Lumpur Tin Market (KLTM) eaeed four cents from last Friday's dose to end at M 517.01 a kg In quiet and featureless trading yesterday. The eaatneee reflected a lack of strong support as most operators awaited leads from Europe laterReuter - 112 words
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Article198 1987-12-15 8 Chinese Produce Exchange SoMors noon doling pf Doc 14 (SS/100 kg) Ices on Coconut oil M F08 97.00 Otd drum FOB 1 07.00 New drum F08 111.00 Copra Ml>ed (Ioom) 55 Pepper UirtnL itihj WTWWW FOB NLW 1212.50 Sarawak wMte FOB faq NIW 1197.50 Sarawak iptriol block FOB198 words
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103 1987-12-15 8 Reuter THE SOVIET UNION, the world's second largest gold producer after South Africa, will start to sell gold to Japanese trading houses on a consignment basis rather than on a spot basis for the first time. Sources said some trading houses planned to buyReuter - 103 words
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Article69 1987-12-15 8 INDECISION by the Opec ministers meeting in Vienna led to sharp falls in the oil markets yesterday. USI/borrai Ommq* Ouboi (ion) 16.34 -0.05 W«f Ham hTii niifljil i. ltJ3 Products (FOB S'pore) USS/barrel Oni faimm 23(5 -0 35 GomI 1995 -005 Low Swlphwi Wo., ImMi LSWt 16.0069 words
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Article322 1987-12-15 8 SINGAPORE The rubber market yesterday closed slightly higher with January One RSS buyers quoted at 219.50 cents/kilo, up 0.50 cent from last Friday's close. The morning market recorded a gain of 0.75 cent following higher overseas advices and some buying interest in quiet trading. Prices eased slightly in thin322 words
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Article242 1987-12-15 8 RAS prices m s cmmb, fob in m« NOON CLOSE Buyors Kwyors jtntn Int 1 RSS Prompt 220.50 221 JON 220JO 221 JON Int 1 RSS Jon 88 219.50 220.00 219.50 220.00 Int 1 RSS Fob 88 219.00 219 JO 219.00 219 JO bit 2 RSS OP242 words
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Article79 1987-12-15 8 (oanti/ks. 1 -*or potWn) JANUARY 88 FEBRUARY 88 (currant month) (forword month) RAS NOON NOON Ivytn Saltan Ivytn Saltan SSI 20 222.00 224.00N 222.00 224.00 SSI 50 220-50 222.50N 220.50 222-50N MRELB •wyars I,Hiri Ivytn n r SMI cv 275.00 277.00N 276.00 278.00N SMI I 275.00 277.00N79 words
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Page 8 Advertisements
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Advertisement192 1987-12-15 8 A HOME NOTA HOTEL There's no place like home. Especially after being away for a few weeks on a business trip. But now, in Singapore, The Ascott Executive Residences provide a marvellous home away from home. One or two bedroom apartments and penthouses individually designed for the executive or family192 words
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Page 9 Advertisements
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Advertisement411 1987-12-15 9 See how much money you can save in 30 minutes. We've got an offer that could save you a lot of money. Simply visit an IBM Authorised Dealer and let him demonstrate the IBM r Personal System/2™" family of Mf* T computers. [fed See for yourself why million them worldwide.411 words
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FOCUS
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Article, Illustration1633 1987-12-15 10 ZHOU MEI - Japanese Prime Minister Noboru Takeshita meets the six Asean Heads of Government today. His visit to Manila and his Christmas gift of a US$2 billion fund will round off the Third Asean Summit. The details of the fund are expected to1,633 words
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Page 10 Advertisements
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Advertisement333 1987-12-15 10 <§> AM E RICAN EXPRESS BANK INTERNATIONAL CURRENCY INVESTMENT ACCOUNTS An International Currency Investment Account at American Express Bank will provide you with an attractive interest rate with potential for capital gains. You'll also be diversifying your investments and maintaining liquidity at the same time. It's so easy to start333 words
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Page 11 Advertisements
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Advertisement278 1987-12-15 11 ■fej* JR. am .i% v>^XT 5 Ss^f *-V"-- v faSy^s*P^ yf3SsSai v t*. .«*M v^fc *S&e M-->1 £P rS* < i' l Bill# *r i>. J ash* t-V ■•SCT ,i--*W? l§< A<jN?*MEfirV r QH| H£^<d&*| ■•'\w f >-&>/•". Mid-: •*4?' < v» a <r H A* »<-• r 't kd&278 words
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PERSPECTIVE
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Article480 1987-12-15 12 WHEN THE RESPONSIBILITY gets too much, r opting out becomes a tempting proposition. Mr f<Sim Bee Teck, president of the Association of Engineers Singapore, seems to have f succumbed to that temptation. He wants legislar lion to be amended to exempt building profesj. pionals from being held480 words
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Article, Illustration934 1987-12-15 12 Spencer Sherman - South Korea's first popular presidential election in 16 years will be held tomorrow. Whoever wins will influence future US-Korean relations, which have been described as a big brother-little brother bond grown out of the ashes of the Korean War, reports Spencer Sherman. Spencer Sherman UPI SOUTHUPI - 934 words
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Article, Illustration991 1987-12-15 12 NYT SOUTH KOREA is headed for a political showdown tomorrow that could rock the nation to its very core. With one day remaining until South Korea's first popular presidential election in 16 years, the campaign has become charged withNYT - 991 words
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Article, Illustration1464 1987-12-15 13 Harish Mehta - As Taiwan's foreign exchange reserves edge past the US$7O billion post, the Nationalist government has come under considerable US pressure to reduce its bloated trade surplus. Harish Mehta of the Foreign Desk analyses Taipei's ambitious plans to increase its overseas investments, which occasionally face snags1,464 words
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Article, Illustration482 1987-12-15 13 TAIWANESE entrepreneurs have invested in a warren of industries in Singapore ranging from construction to garments. While most continue to flourish, competition has forced a few into withdrawing their operations. Among the successful ones is Tung Mung Textile (S) Co Pte Ltd,482 words
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Page 12 Advertisements
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Advertisement95 1987-12-15 12 s» S I :K® I a&~*}fe> a trategic planning "All work and no play makes Jill a dull girl" and dull people don't make it to the top of any heap. Lifestyle is of crucial importance for all executives who realise that a healthy mind works better in a healthy95 words
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Page 12 Miscellaneous
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Page 13 Advertisements
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Advertisement156 1987-12-15 13 9 1 S2&* *■> X'.^T l OstfX a CORUM SWISS N M Romulus" in 18 carat gold with the "Roman hours" hand-engraved on the rim. Romulus. An ultra-slim, quartz and water-resistant model. Four different sizes in gold Sl steel, solid gold, platinum or set with diamonds. OFFICIAL AGENTS: Singapore: SHUI156 words
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Page 13 Miscellaneous
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Miscellaneous692 1987-12-15 13 CRYPTIC PUZZLE ACROSS 3 Violin one can play backwards! (5) 8 An American gets back in the car for a smoke (5) 10 Chap's key to the house (5) 11 On the floor, aa in formation dancing? (3) 12 A puffy nose? (5) 13 Like a relative in Australia? (7)692 words
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SPORTS & LEISURE
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252 1987-12-15 14 AP PAbED BY A world best in the 409-metre relay, the Soviet Union captured the men's team title in the European Cup swimming meet which ended in Monte Carlo on Sunday. The East German women took the women's title. The Soviet relay teamAP - 252 words
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176 1987-12-15 14 UPI A PLAN by San Francisco 49ers owner Edward Debartolo to give h*» players play-off bonuses c*me under attack again on SunTampa Bay Bucs owner Hugh CulVerhouse criticised Debarto- lo's plan, saying: "I think it's unfortunate. It's against our management stand." Under Debartolo's plan,UPI - 176 words
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Article, Illustration469 1987-12-15 14 AP ENGLAND'S top cricket officials flew to Pakistan on Sunday saying that Mike Gatting's job as team captain was safe despite his role in one of the most serious disputes to hit the sport. Raman Subba Row and Alan Smith, the men whoAP - 469 words
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Article, Illustration474 1987-12-15 15 AP CZECHOSLOVAKIA'S Miloslav Mecir and Tomas Smid emerged on Sunday as the latest powers in men's pairs tennis when they outgunned Wimbledon champions Ken Flach and Robert Seguso in four sets to win the US$2OO,OOO Masters doubles title in the plush surroundingsAP - 474 words
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Article91 1987-12-15 15 AP ORVILLE MOODY shot a 5-under-par 67 on Sunday to beat former National Football League quarterback John Brodie by two strokes and win the rain-shortened Kaanapali Senior Classic, the final official event of the senior PGA Tour. The final round was delayed for two-and-a-half hoursAP - 91 words
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272 1987-12-15 15 Reuter 808 TWAY and Mike Hulbert, after starting the final round with a five-stroke lead, held on to win the US$6OO,OOO PGA Team Championship by one stroke over fellow Americans Fred Couples and Mike Donald on Sunday. Tway and Hulbert shot aReuter - 272 words
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Article223 1987-12-15 15 UPI VILZAK came from far off the pace on Sunday to capture the US$5OO,OOO Hollywood Turf Club Cup over the infield turf course at Hollywood Park by a half-length for his first triumph of the year. Jockey Pat Day allowed the Californian-bred Son of Green DancerUPI - 223 words
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Article168 1987-12-15 15 AP UNDETERRED by rain, wind, humidity and a strong field, Ibrahim Hussein of Kenya coasted to his third straight victory in the Honolulu Marathon on Sunday. But the fickle weather prevented Hussein from breaking the course record, which he had done the past two years. Hussein,AP - 168 words
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Article, Illustration532 1987-12-15 15 IN A COMPETITION where, like the lucky roll of a roulette wheel, money will be won ar lost, the $270,000 Showdown in Singapore golf skins match between Greg Norman and Isao Aoki is offering a highly-prized jackpot for the luckiest break of them all532 words
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299 1987-12-15 15 UPI THE EXCITEMENT surrounding last weekend s draw for the 1990 World Cup was tempered by the absence of nearly half the eligible African nations and a drop in the overall number of competitors since the last World Cup. The severe economic problems facingUPI - 299 words
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Page 14 Advertisements
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Advertisement897 1987-12-15 14 a* m W, > 6» PLEASINGLY HYATT Discover the world of sensational Singaporean dishes in a buffet. Taste Chinese. Malay, Indian and Nonya specialities in one meal. At Plum's, daily for lunch and Friday and Saturday for dinner. Price: S2o*. A fabulous one-stop gourmet's dream! iiiiiiiiiimimiim PWH -*--v c; f.'-*897 words
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Advertisement236 1987-12-15 14 HI 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 sour236 words
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Page 15 Advertisements
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Advertisement448 1987-12-15 15 vr m m mz m w a V 3 f m r 4 Traditionally Japanese. Traditionally Unkai. Sample the delicacies of Japanese cuisine, sushi, sashimi and teppanyaki. Four tatami rooms are available for private parties. Located on the 2nd floor. Open 12 noon to 3 pm. 6.30 pm to 11448 words
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Page 15 Miscellaneous
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Miscellaneous25 1987-12-15 15 Play golf the Sevvy way Finish your backswing kj Pitif larMswi nl Put/ liQit k t 2*5 > Ov!' v. i TURN 7* London EzpreM Service25 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4324 1987-12-15 16 THE SINGAPORE stock market closed higher with selective blue chips posting double-digit gains yesterday in very quiet trading despite concern over a weakening US dollar. Brokers said investors, influenced by a steady closing in Wall Street last Friday, rallied on bargainhunting and short-covering to spur4,324 words
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Article277 1987-12-15 16 Rises SINGAPORE Indices OK II Dec 14 M Inn S P H Kin 740 650 40 33 23 IT Cooyo*. IT oe/os 6-n-m -418 638*3 -266 S 1 A •33 Pan 306 IT CADI -7480 -7424 Wand 16 IT 10-day M A .7416 -7443 f N 700277 words
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Article3230 1987-12-15 16 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. SECTION ONE MOUS TRIAL A COMMERCIAL Aono (II 102 (2)3,230 words
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Article246 1987-12-15 16 MALAYA GLASS Berhad: EGM at 72A, Jalan Tampoi, ***** Johore Bahru on Thursday, Dec 17, at 11.30 am. MALAYA GLASS Berhad: 26th AGM at 72A, Jalan Tampoi, ***** Johore Bahru on Thursday, Dec 17. at noon. LUM CHANG HOLDINGS Limited: sth AGM at the Board Room. #03-00 Kim246 words
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Page 16 Advertisements
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Advertisement23 1987-12-15 16 ff n%j''r" 1 T r t iv IJ' L-' news for •i h in Tlie StraitsTlmes WW' ovt—»» iOTjow Subscribe now. Call 740-1840/1.23 words
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COMPANY NEWS
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TAKING STOCK...
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Article, Illustration344 1987-12-15 17 Ranks is safe for now By HOCK LOCK SIEW CEREBOS PACIFIC Ltd's parent, UK-based Ranks Hovis McDougall (RHM), is safe for the time being safe from a takeover from Goodman Fielder Wattie (GFW), that is. Doug Halley, GFW s general manager in charge of treasury currently in London to overseeBy HOCK LOCK SIEW - 344 words
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Article, Illustration269 1987-12-15 17 IT HAS BEEN SAID that the biggest rival to American Express, the leader in the charge card business, is cash. And Amex is taking this challenge very seriously and trying to convince people that plastic is more convenient that money. In no other country269 words
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Article199 1987-12-15 17 THE SALE of Swiss-based Focobank (First Commercial Bank) to the NZI Group of New Zealand announced two weeks ago has hit a legal snag. According to a FT report, proceeds from the sale amounting to SFrl5O million) have become the subject of a civil lawsuit199 words
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Article292 1987-12-15 17 Bernama ES ASSOCIATED STEEL Industries (M) Sdn Bhd (Asim), a specialist in steel roofing and wall cladding, plans to export its products especially to the Indian Ocean and the Pacific Basin area by next year. ASIM director Benny Lim said the company is confidentBernama ES - 292 words
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624 1987-12-15 17 □km? Reuter THE SEOUL stock market is nervous about tomorrow's presidential election and will probably fall no matter which candidate wins, according to stock analysts. The race for power between the three leading contenders, government candidate Roh Taewoo and oppositionReuter - 624 words
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242 1987-12-15 17 Bernama ES MCB HOLDINGS Bhd has entered into an agreement to acquire the entire issued and paid-up capital in Hazuma Setia Sdn Bhd for a cash consideration of M 54.75 million. MCB executive director Stanley Tan said in a statement yesterday that theBernama ES - 242 words
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Article132 1987-12-15 17 MALAYSIAN MOSAICS Berhad (MMB), which recently proposed a special share issue of 10 million new shares of Msl each to approved bumiputra investors, is confident that a 5 per cent dividend can be recommended for the year ending Jan 31, 1989. In a circular132 words
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Article, Illustration530 1987-12-15 17 SOFT DRINK GIANT Fraser Neave Ltd and its new subsidiary Malayan Breweries Ltd have posted bubbly results for their latest financial year. For the 12 months ended Sep 30. 1967, F&N posted a group profit after tax and minorities of $40.84 million, up530 words
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Article, Illustration389 1987-12-15 17 NST THE KUALA LUMPUR Stock Exchange has embarked on several projects which may seem ambitious but are necessary, according to its chairman, Nik Mohamed Din bin Datuk Nik Yusoff. Among these projects are the exchange's real-time share price reporting system (MASA), theNST - 389 words
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Article, Illustration236 1987-12-15 17 Bernama ES TRACTORS MALAYSIA Holdings Bhd considers its proposed acquisition in four motor-related companies to be a strategic investment into a new business. Tractors proposed to acquire 70 per cent of the issued and paid-up share capital of Amim Holdings Sdn Bhd, and the entireBernama ES - 236 words
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Article282 1987-12-15 17 Managers' prices for Dec IS Singapore Unit Trust Japan Gr Fund* SH*nton Thrift Fund* UOB Mane Unifund* Unibond MARA-Bur first 8'putro Second 8'putro Third 8'putro fourth 8'putro fifth 8'putro Sixth 8'putro Seventh 8'putro IAJ Seventh 8 putra (8) Eighth 8'putro Ninth 8'putro Tenth 8'putro Eleventh 8'putro Worrior Invest282 words
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Page 17 Advertisements
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Advertisement24 1987-12-15 17 The crash that wis Staffed for Christmas ~y WFM »<* J w 9 yr Big backs in festive feasting Life after wedi: A Christmas Carol24 words
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Advertisement177 1987-12-15 17 BUSINESS OPPORTUNITIES IN DARWIN, AUSTRALIA Are you looking for new opportunities or new markets? Darwin, Northern Territory of Australia offers businessmen in Asia a connection to the international market. The newly established Darwin Trade Development Zone is the first free-trade zone in Australia where industrialists can manufacture in a duty-free177 words
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REGIONAL MARKETS
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364 1987-12-15 18 Reuter FOREIGN SECURITIES houses, having pushed aggressively for seats on the Tokyo Stock Exchange (TSE). are now likely to see their wishes come true all too soon. "If membership were totally open and you could get one next year, I can't believeReuter - 364 words
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222 1987-12-15 18 Reuter FINANCIAL INSTITUTIONS will ensure the success of today's offering of Japan Airlines Co Ltd (JAL) stock, but individual investors are likely to shun it. brokers underwriting the sale said. This is due to falls in the prices of Nippon Telegraph and Telephone (NTT)Reuter - 222 words
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2954 1987-12-15 18 SHARE PRICES closed slightly firmer on light buying interest on the Kuala Lumpur stock market yesterday. Gains were mostly marginal. Buying centred on industrial and plantations stocks which ended higher but the other sectors closed mixed. A broker said plantation stocks were sought2,954 words
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Article1425 1987-12-15 18 Hongkong Reuter PRICES CLOSED higher in very thin trading on the Hongkong market yesterday as it shrugged off the US dollar's continuing weakness. The Hang Seng Index ended 51.04 points higher at 2.040.62, but failed to stay above the key 2,050 chart point reached briefly during theReuter - 1,425 words
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84 1987-12-15 18 Reuter YOKOGAWA Electric Corp has won two orders for computerised control systems worth a total of 1.5 billion yen from Pertamina, Indonesia's state oil company. a Yokogawa spokesman said. The systems will be used at liquefied petroleum gas (Ipg) plants to be builtReuter - 84 words
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Article525 1987-12-15 18 Reuter SHARE PRICES on the Tokyo stock market closed lower yesterday in thin trade as market concern over currency fluctuation intensified, with the dollar hitting a record low of 127.90 yen. "The dollar is the problem," said deputy general manager Martin Petherick of SG Warburg in Tokyo. The NikkeiReuter - 525 words
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Article435 1987-12-15 18 Reuter SHARE PRICES closed marginally higher on the Australian share markets yesterday, with demand for quality gold stocks offsetting 8 lack of interest in the industrial sector. Many leading gold miners made solid gains ss bullion resetted U*****.00 an ounce and analysts predicted it would bresk through US$5OO forReuter - 435 words
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Article156 1987-12-15 18 Reuter THE SECURITIES Exchange of Thailand Index rose 4.30 points to 248.27 on a turnover of 2,577.081 shares worth 208.51 million baht. Reuter DEC 14 B AMT Ao Kham Thai Ayudhya Irrvaatman* 183 4 Bangkok Agro-tnd sa 2 Bangkok Bank Bank Ot Ayudhya 277 263 2 Charoong Thai WireReuter - 156 words
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Article246 1987-12-15 18 DCC 14 NT Ko4in 34 80 -1.2 All Sirtcara Indus Asia Camant Camay Cons 67 50 73 00 -15 -1 Kuochan Oav Laa Chang Yuan Cham Indus Lian Hwa Indus 43 00 34 90 35 00 0.2 0.1 1.4 Chang Hwa Bank 215 00 -2 Pacific Cons 58 00246 words
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Article77 1987-12-15 18 MsrttMl DEC 14 1 •esot Oriental B Phil Ov*rM*l ...0 0650 ***** -0 005 0 0025 Philax B 0 50 0 01 0 0675 -0 0075 25 50 2.5 PLOT 130 3 San Migu* B Ill 3 Basic P*tro4#um Banguat Con B Firat Phil Hldga 0 015 0 00277 words
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Page 18 Advertisements
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Advertisement289 1987-12-15 18 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 KUTAS SHIPPING (S) PTE LTD (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the above Company duly convened and held at 585 North Bridge Road #14-05, Blanco Court, Singapore 0718 on Friday, 11th December 1987 at 11 a.m., the289 words
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Advertisement285 1987-12-15 18 In the Matter of The Companies Act, Cap. 50 and In the Matter of CHITA OIL SINGAPORE PTE. LTD. (In Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that the FINAL GENERAL MEETING of the Members of the abovenamed Company285 words
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Advertisement288 1987-12-15 18 THE COMPANIES ACT, CHAPTER 50 Section 290<2)(b) NOTICE OF RESOLUTION DACO-HK COCOA TRADING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company held on Monday, the 7th day of December 1987, the following special Resolution was passed: RESOLVED that the Company be wound up voluntarily288 words
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Advertisement263 1987-12-15 18 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF TONY BROTHERS (PTE) LTD (Members' Voluntarily Winding up) At an extraordinary general meeting of the members of Tony Brothers (Pte) Ltd duly convened and held on 10 Dec 1967 at 10 Jalan Besar #12-06, Sim Lim263 words
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INTERNATIONAL COMPANY NEWS
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Article, Illustration870 1987-12-15 19 NYT THE PENNZOIL CO would more than double in value if Texaco Inc pays it US$3 billion in cash to settle their legal dispute, according to analysts. Pennzoil and representatives of Texacos shareholders agreed to the US$3-billion paymentNYT - 870 words
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Article, Illustration1236 1987-12-15 19 Studies shed light on their resilience in weathering market storms FT IN INVESTMENT BANKING circles these days, to suggest that internationally traded shares have been especially badly mauled in the turmoil since October's stock market collapse is to utter a terrible heresy.FT; Source: Kleinwort Grieveson Securities - 1,236 words
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Article, Illustration778 1987-12-15 19 NYT WHAT IS POPULARLY KNOWN on Wall Street as the January effect has nothing to do with wintry weather. It is a seasonal phenomenon in which stocks that have been hard hit by selling for tax purposes in DecemberNYT - 778 words
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Article130 1987-12-15 19 Reuter INDUSTRIAL Equity (Pacific) Ltd. the Hongkong vehicle of New Zealand inveetment company Brierley Investments Ltd has said it was in the final stages of negotiations for the sale of its Clevelandbased US department store chain. The Higbee Company. Brierley chief executive Paul Collins said onReuter - 130 words
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710 1987-12-15 19 FT SMITH NEW COURT has probably done less to change its traditional style of management and operations than any other large Stock Exchange firm since "Big Bang." And that has been one of the main reasons for the success. revealed inFT - 710 words
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389 1987-12-15 19 Reuter NORTH BROKEN Hill Holdings Ltd's AJ6.50 a share cash/share offer for PekoWallsend Ltd is well pitched for success, stock analysts said. North BH is offering one dollar cash a share plus two of its shares for each fully paid Peko share, valuingReuter - 389 words
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84 1987-12-15 19 Reuter THE SWIRE group has appointed David Gledhill chairman to replace Michael Miles. Gledhill, currently deputy chairman of Swire, will assume the post from June 1. 1988. when Miles returns to London to take up an executive directorship of parent company John Swire and SonsReuter - 84 words
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Article116 1987-12-15 19 HONGKONG Hongkong Index Mondoy 1.***** Friday 1.***** Week ogo 1.237 OS Hang Seng Index Mondoy 2.***** Friday 1,989 56 Week ago 1.094 94 All Industrials Monday .8555 Friday 1.864 4 Week ogo 1,8908 NEW YORK Dow Jones Friday 1.867 04 Thursday 1.***** Week ogo 1.766 74 TOKYO Nikkei116 words
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Page 19 Advertisements
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Advertisement118 1987-12-15 19 /m. m i w Contact MIMAX RIBBONS PTE LTD 37 Kallang Pudding Road #09-06 Tortg Lee Building Block B Singapore 1334 Tel: *****61 Tlx RS ***** MIMAX Fa*: *****52 BUKIT SEMBAWANG ESTATES LIMITED (Incorporated in Singeporel LOST SHARE CERTIFICATES The undermentioned certificates haw* been reported ion. mislaid or destroyed: Certif118 words
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414 1987-12-15 20 FOUR ECONOMIC ACCORDS with a potential to increase in-tra-Asean trade and investment fkvill be signed by Asean foreign and economic ministers today as the two-day Asean Summit draws to a close. Two new agreements are involved to promote and protect {ntra-Asean414 words
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Article, Illustration692 1987-12-15 20 ZHOU MEI - X asean SUMMIT '87 1 By ZHOU MEI REGIONAL RESILIENCE via regional economic cooperation was a theme common to all the statements made yesterday by the Asean Heads of Government when they addressed the opening session of the Third Asean Summit. The692 words
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687 1987-12-15 20 BRIAN GOMEZ - By BRIAN GOMEZ THE SIX ASEAN countries should continue to strive for the withdrawal of the Vietnamese from Cambodia, and work for regional peace and security through improved intra-regional economic cooperation. This was the consensus view emerging from speeches made687 words
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118 1987-12-15 20 AP WORLD OIL PRICES tumbled yesterday as Opec sought to wrap up an oil price and production agreement that analysts called a failure for the cartel. Iran's Oil Minister left Vienna to consult with government leaders in Teheran on whetherAP - 118 words
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Article50 1987-12-15 20 Reuter IN A NERVOUS market, the February gold delivery held a gain of US$3 80 at U*****.80 an ounce on a pullback from U*****.40. Spot gold went up to U*****.30. March silver made a high of 18 cents at U557.24 an ounce before backtracking to US$7.l7.Reuter - 50 words
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Article, Illustration350 1987-12-15 20 AMY BALAN - By AMY BALAN TWO YEARS AGO, Far East Levingston Shipbuilding Ltd took a calculated risk and built a US$5O million oil rig without a firm buyer. That risk-taking has paid off. After waiting for just over a year, the company finally sold350 words
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LATE FILE
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Article42 1987-12-15 20 AFP CHINA and the Soviet Union yesterday signed a protocol calling for cooperation on fish-farming. Tass news agency in Moscow said the agreement calls for an exchange of technology, joint research and setting up of joint ventures AFPAFP - 42 words
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Article40 1987-12-15 20 Reuter CHINA has decided to allow an additional 11 counties and cities in the southern province of Guangdong to offer preferential investment terms to investors from abroad, the New China News Agency said yesterday. ReuterReuter - 40 words
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Article48 1987-12-15 20 TWO businessmen acquitted following Hongkong's longest and costliest trial yesterday asked the British colony's High Court for costs. Rogerio and Stephen Lam, associates of George Tan, former chairman of the collapsed Carrian group, petitioned the court for costs that lawyers said could reach HKS2O million.48 words
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Article41 1987-12-15 20 Oana-Antara INDONESIA expects to attract 3.5 million tourists annually with its improved tourism facilities. A spokesman of the Indonesian Hotel and Restaurant Association said yesterday that about one million tourists made Indonesia their holiday destination last year.Oana-Antara - 41 words
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Article71 1987-12-15 20 Reuter PHILIPPINE officials yesterday switched their search for a missing passenger aircraft to the sea after rescue workers failed to find wreckage earlier reported on a jungleclad hilltop. Six naval frogmen set out to search waters off the island of Mindanao after villagers on the coastReuter - 71 words
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Article60 1987-12-15 20 AFP THE Malaysian ringgit depreciated by 2 per cent during the first nine months of this year in the face of a significant weakening of the US dollar. Bank Negara deputy governor Lin See Yan said yesterday that the current value of the ringgit reflectedAFP - 60 words
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Page 20 Advertisements
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Advertisement195 1987-12-15 20 Cantonese Cuisine Par Excellence! None other but Tung Lok. Offer not applicable for banquet Get V 2 dozen of Brand's Bird's Nest FREE, when your bill at the restaurant exceeds $350/- and above. TUNG LOK SHARK'S RN RESTAURANT 4th Storey, Liang Court River Valley Road Tel *****22 Chain Restaurant* Charming195 words
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Advertisement247 1987-12-15 20 Singapore Institute of Management in conjunction with Direct Marketing Association of Singapore A What You Should Know About The Practice Of Direct Marketing January 21 22, 1988 OBJECTIVE: The seminar will help participants to understand the basics of direct marketing be able to apply some of the concepts and tactics247 words
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SHIPPING TIMES
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451 1987-12-15 21 JUNE LIM - By JUNE LIM THE Ming Prominence, a 3,042-TEU newbuilding, will join Yang Ming s Far East-Europe service in January. It will be the biggest vessel to be employed by the Taiwanese state-owned carrier in this trade. The line currently provides a weekly451 words
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236 1987-12-15 21 HONGKONG is poised to overtake Rotterdam as the world's busiest container port. The colony's position as number one will be confirmed when the final figures for the year are compiled. South China Morning Post reported that container throughput at Hongkong would236 words
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231 1987-12-15 21 MAERSK LINE has entered into a new long-term agreement with the Oakland Port Commission. The accord will provide the Danish carrier with up to three new post-Panamax cranes and potentially will double the size of its Oakland terminal. The agreement, which takes effect in231 words
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PORTSIDES
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Article73 1987-12-15 21 FROM Jan 1, 1988, Lloyd's Register's non-marine industrial services division, the safety technology department and other engineering departments will be relocated at a new building in Croydon, Surrey, as: Lloyd's Register Industrial Division, Lloyd's Register House, 29, Wellesley Road, Croydon, Surrey CR2O 2AJ. Telephone:73 words
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Article49 1987-12-15 21 AP A BURMESE freighter has left to search the area around an island in the Andaman Sea where US Navy planes spotted what appeared to be wreckage from a missing South Korean airplane. An official source said the state-owned freighter left for Narcondam island. APAP - 49 words
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Article, Illustration499 1987-12-15 22 Reuter IRAN is using a new weapon or projectile to set tankers on fire in the Gulf, regional shipping sources said on Sunday. They said Iranian gunboats used either a new weapon or fired a new kind of incendiary projectile from weaponsReuter - 499 words
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273 1987-12-15 22 AP A NORWEGIAN captain was killed and 21 crewmen went missing when Iraqi warplanes twice raided an Iranian supertanker in the Gulf last week, the Norwegian Foreign Ministry reported. Gulf-based maritime salvage executives had reported that the crew of the 218,467-tonAP - 273 words
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Article761 1987-12-15 22 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 A PC line V 4 API III 2/3 Arrow lines IX 5 ASCI761 words
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Article1177 1987-12-15 22 CHARTERING in most sectors of the freight market on Friday finished the week on a very quiet note with fresh features slow to emerge, shipbrokers said. Grain shippers are reported to have paid a fully steady U5519.95 from the US Gulf to Japan with charterers having to pay1,177 words
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481 1987-12-15 23 Lloyd's List MANAGEMENT and trade unions at the Italian port of Genoa have resolved a long and bitter dispute over reorganisation plans, with the result that port authority president Robert d'Alessandro has withdrawn his resignation. The port has been virtually put outLloyd's List - 481 words
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Article300 1987-12-15 23 AFP DEMAND slowed over the past week on the tanker market, especially in the Gulf, as attacks against merchant shipping resumed and rates tended to deteriorate, according to London brokers E A Gibson. Consumers were reluctant to take positions in the absence of an official announcement from theAFP - 300 words
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185 1987-12-15 23 AFP WORKERS in north-western Spain on Sunday barricaded the gates of their factory to prevent the transit of 255 containers of toxic chemicals salvaged from a ship ravaged by a fire, which killed 23 its 31-man Chinese crew. The workers erected barricadesAFP - 185 words
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303 1987-12-15 23 SHIPPING LINES have lost 30 per cent of their revenue through the US dollar crash, a leading owner claimed. Mr Tsvi Vered Rosenfeld, managing director of Belgian-flag ABC Containerize, a major outsider in the Europe-Australasia trade, is visiting major accounts in303 words
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7229 1987-12-15 28 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.7,229 words
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Article1140 1987-12-15 29 AT CONVENTIONAL WHARVES Button Mos il 1512/0800 16 12/2300 Cohoyo Horopon J3 1512/0730 16 12/2300 VhmI Barth Arrival Dtparlura Fuping Hoi Hin 6/B J5/6 J6 15.12/1330 15 12/0700 20 12/1300 16 12/0700 KEPPEL WHARVES Igloo Sky J3 1512/0700 16 12/0700 Altesoni K2I alongside 1712/1700 Mekor Indoh J31,140 words
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Page 21 Advertisements
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Advertisement829 1987-12-15 21 GAP° rE SIN H i i v TIMES STP Distributors Tumj Ru&niHoy Cfoup a Jardines NORIH AMERICA ATLANTIC EXPRESS (ROUNO THE WORLD ROUTING EXPORT 5S Wf/TH AMFPICA CAIIFORNIA PN* *(SI CANADA 'IS'." ORIENTAL FAITH ORIENTAL FRIENDSHIP IMPORT f'tn Hrtfe SGP LBM CHTON NFK NYC HfX 17/12 *1 n/i 21/1 2*l829 words
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Advertisement71 1987-12-15 21 IRAN is using o new weapon or projectile to torch tankers in the gulf. P*g« II MANAGEMENT and trade unions at the Italian port of Genoa have resolved a long and bitter dispute over reorganisation plans, with the result that port authority president Robert d'Alessandro has withdrawn his resignation. Psg«71 words
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Advertisement470 1987-12-15 21 rPTTTT w A I OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. We Ltd. TEL: *****33 MAERSK LINE SINGAPORE/ U.S.A. END YEAR SPECIAL "LEXA MAERSK" VOT Ml Departure 3X.XZ.S7 To Europe —UK Scand«r.a*ia Finland ICV2 17/2 To Mediterranean470 words
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Page 22 Advertisements
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Advertisement487 1987-12-15 22 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA VlllE PE SATURNE 1 WBW I*l a/1 25/ I Mm actoptinf cjffo to all U.K. destinations, Scandinavian (Aartius. vn m j_ ag I or ittons Scandinavian (Aartoit. Copenhagen Gothenburg) and otter European Intend487 words
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Advertisement20 1987-12-15 22 3SiS\ Lines and services represented by Members of the Registry of Accredited sff® Shipping Agents. Singapore National V-JKd Shipping Association.20 words
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Advertisement330 1987-12-15 22 CHARGEURS REUNIS k-: SINC* APOflf F NOlMPir V 44 r a iisw Optorg Shipping Pte. Ltd t E L M A~ LMDQCCA 'lu k *C if AC Port 3#>fc'(X'l 2 3 Ppf.ilinq >C 6:3245 AGENTS SINGAPORE ANGIO FRENCH SHIPPING Tel 222*111 Telei RS7I&SC f»i *****51 MALAYSIA E LM A MISC330 words
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Page 23 Advertisements
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Advertisement1094 1987-12-15 23 P&OCL^A P&O Containers Limited CONTAINERS!* SERVICE TO UK/COHTMENT: KNAVON TOUSA SAY TOfttO EXPHESS KOW.OON MY ntANKFURT EXPRESS OSAKA lAY cirr or edumukh LAIKS BAT HOK KONC EXPRESS CAMMCAN MT Also Accepting Cargo For: Hiwtmf to CmmWupn. AjrtHK. ftottertea to Antwerp. Amsterdam ERSHIP SERVICES TO/FROM BANGKOK PEGASUS PROGRESS VSIOM In Port1,094 words
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Advertisement585 1987-12-15 23 A ANNOUNCEMENT COMPAGNIE GENERALE MARITIME (CGM), National Shipping Line of France take pleasure in announcing their new weekly full container service from Singapore via port of Le Havre to USA EAST COAST/GULF/CANADA (EAST)/MEXICO/FRENCH WEST INDIES and FRENCH GUYANA PORTS commencing with M.V. BUNGA PERMAI ETA Singapore 21st December 1987. Sailings585 words
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Page 24 Advertisements
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Advertisement292 1987-12-15 24 r Hapag-Lloyd CONTAINERSHIP SERVICE TO UK/CONTINENT CQNV SFMI CONTAINER SERVICE TO EUROPE CONV/SEMI CONTAINER SERVICE TO MEO EUROPE CONTAINERSHIP SERVICE FROM UK/CONTINENT A'wcrp okto Eiprtu SM SU SM SM m CONSOLIDATION SERVICE WEEKLY <1 Accepting FCL and LCL Singapore: BIRKART S E A. Tel *****11 Pt. Kelang: BIRKART SDN BHD.292 words
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Advertisement355 1987-12-15 24 FULLY CONTAINERISED SERVICE KOREAN CHANCE 34W NEPTUNE DIAMOND 73W ORIENTAL CHIEF 57W KOREAN JACEJIN 42W KOREAN JACEWON 61W NEPTUNE CRYSTAL 43W CHINA CONTAINER 43W t lit IV CONTAINf RISID 10 (ROM NORTH AWfRICA S! COAST CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL CRYSTAL REED KUANTAN S PORE LOADING FOR 18/12 DUBAI.355 words
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Advertisement289 1987-12-15 24 Wa FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO COLOMBO: SAILING 25/12 1/1 EURO-AFRICA LINE SIN FOR: PORTO. LISBON, ORAN, BILBAO 19/12 MADRID, MALAGA, MELILLA, 25/12 TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER 6 ISTANBUL U.S.A. SIN LBH NYC ALSO ACCEPTING TO: 23/12 10/01 17/1 CHICAGO, BOSTON,289 words
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Advertisement1378 1987-12-15 24 m mc&zi EVERGREEN r ull Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) "YC LHV ANW MM FLX HK SV 213 ALSO ACCEPTING CARGO TO: 0ST0 ""LABILPHIA. NORFOLK. JACKSONVILLE. WILMINGTON BERMUDA. ETC 2) ATLANTA, CHICAGO. DETROIT COLUMBUS t OTHER MAJOR MICROtRIDGE DESTINATIONS 3/2 4/2 5/2 *2 *2 2/3 on zm m 2*l1,378 words
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Page 25 Advertisements
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Advertisement785 1987-12-15 25 vw PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE KOTA EAGLE MAJAPAHfT OOWA VOY SIN JKT SBY VOY SIN POO HKQ KAO KEE HTC YOK MOO ICO# 03SB SM 18/12 IS/12 MM* 23/12 23/12 21/12 JO/12 31/12 4/1 OMIT S/1 15M785 words
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Advertisement464 1987-12-15 25 vr% BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS L A TASMAN JEBSEN NEW ZEALAND LINE TO NEW ZEALAND, NEW CALEOONIA FIJI AND SOUTH PACIFIC ISLANDS ANAN6EL LEAOER VOY 6S SIN NOUMEA AKL 1/1464 words
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Advertisement504 1987-12-15 25 DJASAGETRI A Joint Europe Service Oh P.T. DJAKARTA LLOYD P.T. 6ESUM LLOYi P.T. SAMUOERA INDONESIA P.T. TRIKORA LLOYI EXPRESS SEMI CONTAINERSNIP SERVICES sr(*ijava/22M U. MNTMG/Un OCUM PHISA/WB SAMOA GASA/MO Port Altiindrti (■•nm Triiito ALSO ACCEPTING BOTH CONTAINERS. COHVENTIOIIAL CARGO VIA T/S TO UK L£ HAVRE, OSLO. COPENHAGEN. AARHUS. GOTHENBURG AND504 words
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Advertisement344 1987-12-15 25 BOUSTEAD SHIPPING AGENCIES PA-AN VIIIW HTONEYWA V23OW PAGAN VI22W BURMA FIVE STAB (Burmese National Line) S'pore P.Kelang Penang Bangkok *17 OK 11/20 OK 21/30 OK BANK LINE V EXPRESS SEMI-CONTAINER S NORTHBOUND TO UKC SPORE ROAM HULL HMBG TAUSALA SAMOA VIIN 30/12 23/1 2/2 27/1 MORAYBANKV4N 13/1 6 2 14344 words
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Page 26 Advertisements
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Advertisement1353 1987-12-15 26 "K"LiriE SHIPPiriG DPlTfl fiTLflriTlC CDfIST (Round-The-World Service) RAINBOW BRIDGE VlO NEPTUNE GARNET Vl2 •VIA FEEDER •PK/PNG SPORE Sid 17 Dec 19 Dec 24 Dec NYC HFX 23 Jan 27 Jan 30 Jan 2 Feb PACIFIC SOUTH-WEST FEEDER VSi 'PK/PNG SP MOTHER VSI LA/LB OAK CHICAGO NEW YORK RAINBOW BRIDGE VlO1,353 words
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Advertisement825 1987-12-15 26 '/Ie INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers INDIAN COURIER V 2»N LOTTE SCHEEI V-» THEOOOR FONTANE VI3N SCHWABENLAN V 48 INDIAN COURIER V.27N S O TRIPURA V DM LOTTE SCHEEL V.30 RAVI DAS V SH INDIAN COURIER V 2M THEOOOR FONTANE V 1«N S O NACALAND V SH Smppori825 words
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Advertisement738 1987-12-15 26 STRAITS/PERSIAN GULF SERVICE: GOLDEN BEAR Cotombo/lUf»ehi/0ul)«i'0»nw»Bi GOLDEN HARVEST Colombo/Karaehi/Dubii CHINA SERVICE A VESSEL Xinmnj, Shanfhai DAI YUN SHAN Tsinjt»o GU SHAN GOLDEN LINE GUftN GUAN SUPPING (PTE) ITO 3 T»k>* Avar Str»#t SINGAPORE 01* TEL 943 M (1» LINES) Fa«: ***** LF SERVICE: S'pore P.Mmi fW* rachi /Dubai' Demmern 17/11738 words
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Advertisement336 1987-12-15 26 PHIU OHKNT UN6S /T£ LTD HEAD OFFICE 63 ROBINSON ROAD '07 12 AFRO ASiA BUILDING SINGAPORE 01C6 TELE* RS ***** PHIII FAX *****76 IE 19/12, 22/12 27/12. 2/1 11/12. 23/12 DUBAI OAMMAN KUWAIT. DOHA. MUSCAT. BAHRAIN. ABU DHABI B SHARJAH JEDDAH MOOEIOAH. AQABA H KONG. KOBE. KEELUNG. MANILA. BANGKOK. TOKYO.336 words
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Page 27 Advertisements
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Advertisement830 1987-12-15 27 NEPTUNE ORIENT LINES LTD »W»g NEPLINE SON BHO 62 k l JBahru NEPLINF SflN RHD n SfBVICE A mtmbtr of ttw ACE Consortium TO EUROPE/UK (VIA SUEZ): K CHANCE Ml. N DIAMOND TM 0 CHIEF S» K JACEJIN 42* K JACEWON SIM. N CRYSTAL 43M NEPTUNE AGENCIES PTE. LTD. FE830 words
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Advertisement519 1987-12-15 27 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON Vessel's Name M Enterprise/71SN No i Donam/712N No 9 Donam,7o9N No I Donami7loN Gloria/721N No 7 Donam/711N No 9 Donam/WIN M £nterprise/716N ETD BS BKK mi 09 U #7/12 11/12 13/12 25/12 23/12 M/ 01 21/12519 words
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Advertisement868 1987-12-15 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANG P KELANC MESSRS HAI THONG SNIPPIMC 177 P»nana ctrMf PMIM u.i HANDLING SYSTEM CO SON. BHD868 words
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Advertisement21 1987-12-15 27 K J& fl MADJU SENDIRIAN BERHAD -20-12 Tong Eng Building Singapore 0106 Tel *****8< 3 REGULAR VESSEL SERVICE TO BELAWAN WEEKLY21 words
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Page 28 Advertisements
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Advertisement272 1987-12-15 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (30 lines. FAX *****39 *****76 TtIEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTF R ACHT/SEERE EDERE I ROSTOCK INTEGRATED FULL CONTAINER SERVICE COLOMBO: Accepting cargo for INDIA Bombay, Cochin. Madras Calcutta -V4A LARKACA Accepting cargo for Lattakia,272 words
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Page 28 Miscellaneous
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Miscellaneous167 1987-12-15 28 Ta Regional Weather R J s I m, L* 5 S5H9£ Lu! SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LfGEND °C o w Wind direction with speed in knots Wave height R Thunderstorm Temperature c A Shower Weather Wind direction with speed in knots Rotn Cloudy Sky167 words
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Page 29 Advertisements
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Advertisement579 1987-12-15 29 SCHENKER Hr WEEKLY LCUFCL CONSOL. SERVICES TO VANCOUVER, TORONTO, MONTREAL (CANADA) SlO THOMSON ROAD TEL: 288-0011 #o*-02 9LF COMPLEX FAX: *****21 STORE 112t TELEX: RS ***** SOMES SHOREPACK FREIGHT SERVICES (S) PTE LTD TEL: 224-25*2/3463[3875 FAX: 224-0421 TLX: RS ***** WEEKLY LCL FCL SERVICES TO: Europe UK/N. Cont/Scandinavian ports F.579 words
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Advertisement791 1987-12-15 29 UNIPACIFIC TRANS. TRADING AGECY PTE. LTD. IRAQI LINE •a; s*i'f s( <r* MV SINMAD MV ALRAZI EAST BOUND SERVICE ETA STORE LOADING FOR IS/1 Japan Hi Japan WEST BOUND SERVICE ETA STORE LOAWNC FOR IN BALQCES In ft Aqafa*. JaJM MV BASH AH 30/12 J«dM. AM*. MM WH BAGHDAD 10/1791 words
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Page 30 Advertisements
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Advertisement315 1987-12-15 30 /y Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** I \M I K K I l\l K III) CAR CARRIER SERVICE TO MUARA/KUCHING KK Loading at appropriated Berth P4-P5 NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN 1 CHINESE PORTS, SUBJECT INDUCEMENT IMLintermaritime315 words
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Advertisement455 1987-12-15 30 s To COLUMBUS LINE REEDERE! GMBH (A SERVICE OF HAMBURG SUD) \v EXPRESS SEMH:OWTAf€fI SERVICE TO NORTHBOUND TO UKC PRO ATLANTICA VIN TAUSAU SAMOA VIIN MORAYBANK V4N CLYDEBANK V22N Calling Leiioes •Alto Accaptinf FCI to Antwm RDM/A'DAM HBG HULL (U.K.) 14/1 11/1 23/1 27/1 2/2 5,2 107 14 2 17/2455 words
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Advertisement296 1987-12-15 30 W rrfTß in m LCL WEEKLY SERVICE TO: KffiM 11/12 HAM/BRBM 18/12 BANGKOK 11/12 ROTTBtBAM 11/12 HONGKONG 16/12 TUURY 11/12 FRBMNTLE 18/12 SYD/MBJ 20/12 ADELAIDE 18/12 (transit time 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY CON-CARRIER 49/87 CON-CARRIER 50/87 ETD GERMANY ETA S PORE 1/12 21/12 8/12 28/12 LCL SERVICE296 words
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Advertisement723 1987-12-15 30 /M CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 •07-*****8 •07-*****3, *****5, *****0, *****1 •02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER BUTANC m P KELANG MTHR VSI 12.12 TOYAHA B PtRMAI Liiiiiii'LLjM.'f.'" ;'i.M OTHER DESTINATIONS AARMUS AMSTERDAM. ANTWERP. BASLE.723 words
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