The Business Times, 18 December 1987

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 FRIDAY, DECEMBER 18, 1987 75 CENTS
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  • 161 1 Overseas markets Thursday HK Hong Song Index 2142.23 (-3.48 Tokyo Nfckol Avorago *****.83 80.41 Sydnoy AN-Ordinorioi 1250.7 7.7) vy tonetoay Now York (Dow Jonos) 1974.47 32.99 London (FT 30 Mox) 1348.9 (+16.9) (1367.3 noon,+ 18.4 Exchange rales OS J: 126.45/55 yon 1.6240/50 DM S$ 1.9890/990 £i US)1.8380/90
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  • 49 1 Reuter WALL STREET stocks were slightly higher but the blue chips turned lower in early trading yesterday. Brokers said profittaking hit the blue chips after strong gains in the past several sessions. The Dow 30 index was down about five at 1969. Gainers led declining issues. Reuter
    Reuter  -  49 words
  • 44 1 AFP THE LONDON market was looking bright, moving ahead in early trading yesterday. At 1200 GMT, the Financial Times industrial share index had gained 18.4 points at 1367.3 and the Footsie 100-share index increased its gain to 19.9 points at 1709.7. AFP
    AFP  -  44 words
  • 391 1 AFP UPI RULING PARTY candidate Roh Tae-Woo won South Korea s first popular presidential election in 16 years owing to the opposition's failure to unite against its common foe, Seoul analysts said yesterday. Opposition candidates Kim Dae-Jung and Kim Young-Sam alleged
    AFP; UPI  -  391 words
  • 202 1 MAJOR ASIAN MARKETS closed moderately higher yesterday as uncertainty over the direction of the US dollar was eclipsed by a 33-point gain overnight in Wall Street. cf.hm Singapore share prices closed higher but off session highs as profit-takers emerged after the lunch break.
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  • 244 1 THE US DOLLAR yesterday fell to a historic low against the Singapore currency, closing at $1.9910 the second day it finished below the psychological level of Ss2. The greenback also weakened against major currencies as it took another bashing in the
    244 words
  • 493 1  -  Developers invited to bid for project at Marina Centre By GENEVIEVE CUA IN FIVE YEARS' TIME, a world-class conference and exhibition centre with full support facilities could take shape on vacant prime land at Marina Centre. The centre, which would be Singapore's largest with
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  • 418 1  -  By LIM SOON NEO SENTOSA ISLAND will be getting a $20 million sea life park by the third quarter of 1989, offering visitors a life-like experience of an underwater journey. A new company, Underwater World Sentosa Pte Ltd. has been formed to develop
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  • 338 1 AFP THE BHOPAL district court yesterday ordered the Union Carbide Corporation to deposit with it US$269 million as interim relief lor victims of the 1964 gas disaster The Press Trust of India said judge M W Deo. ruling on a claim for nearly US$BOO
    AFP  -  338 words
  • 322 1 Reuter THE JAPANESE government yesterday painted a rosy economic picture for next year, forecasting rapid growth and a falling trade surplus. That should prove welcome news to the country's trading partners, who have been pressing Japan to boost its economy
    Reuter  -  322 words
  • Page 1 Advertisements
    • 162 1 A savings and a current account linked up. Where we transfer your money from your current account into savings, so it earns you maximum interest. Call 225 5225 for more details. CITIBANKO The world's leading bank For the best in Sichuan and Seafood Dishes 25S y Fresh Scallop in Bird's
      162 words
    • 402 1 Computer screens screened CHOOSING that monitor screen to go with your personal computer is not as simple as it might seem. There are at least four different monochrome types and five different colour systems to choose from. Nonetheless, the choice is tremendously important as PC Corner on Page 3 explains.
      402 words
    • 3 1 Making S*ntoM mor«
      3 words
    • 71 1 CD/lin7 QUADRUPLE tr4 lUZ. ZOOMING POWEHJ MINOLTA Power-enlarging to 4 times original size. Shipping Tlmaa comet at a taparttt taction today. Maka aura you gat your copy. Add the finishing touch ,y BALLY of Switzerland Authorised dealers Baity Boutique, Raffles City Batty Boutique, Royal Holiday Inn Often Boutique, Mandarin Hotel
      71 words

  • HOME NEWS
    • 296 2  -  By LIM SOON NEO PLANS ARE AFLOAT to enhance Sentosa, Singapore's Discovery Island. Sentosa Development Corporation (SDC) chairman Mr Alan Choe disclosed yesterday that the SDC is considering a marina ;at the site where the existing !coralarium is. This attraction, •which occupies an area of 1.2
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    • 300 2 NO CASH changes hands over the check-out counter at this "supermarket" where Dr Yeo Ning Hong dropped in for a visit yesterday. Customers load up trolleys of stationery and sundry items, all on^credit. This is the Self Service Centre of the General Equipment
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    • 239 2 BUSINESS along the stretch of Orchard Road between Centrepoint and Hotel Meridien was disrupted yesterday when the lights went out for nearly two-and-a-half hours. At Printemps Department Store, located below Hotel Meridien, Christmas shoppers were shown out of the store because it
      239 words
    • 349 2  -  By RICHARD SEAH A PEACE DELEGATION arrives from the United Nations today, not to resolve any regional conflicts but to sit in quiet meditation and to make some music. The 120-strong delegation is being led by Indian spiritual leader Sri Chinmoy who, since 1970, has been conducting
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    • 267 2 THE NTUC has appealed to large and financially heafety unions to help meet a $4.6 million shortfall in funds to build their seaside resort. So far, about $33.4 million for the $38 million Pasir Ris Resort has been raised through pledges from the
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    • 104 2 MOTHERS giving birth in Claeaee A and B1 ward* will pay a daily nursery faa of $20 from naxt year while those in 62 and C will cootin u« to pay SlO. A charge of $15 par viait will ba levied for home aftercare service
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    • 182 2 AIR CANADA will resume Flights to and from Singapore on Tueeday, ending a three week disruption due to an induatrial strike in Canada. The resumption of services follows an agreement between its management and ground staff in Canada laat Monday, which ended the strike
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  • Page 2 Advertisements
    • 459 2 IT TAKES CJvERTEN TONNES OF RAW MATERIAL TO YIELD JUST ONE OUNCE. A SINGLE BUS COULD COMFORTABLY ACOQMfvOMFE THE TOLAL AMOUNT THE WORLD HAS EVER FIOXfCED AND NCWrr HAS RISEN AS ONE OF THE RAREST INVESTMENT OPPORTUNITIES AVAII ART F IDCffi THE PLATINUM DRAGCN. Rare, precious platinum. A metal so
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    • 10 2 !rM?iTiiil C»T»T« fr>i?*^ rr^v M $7.50+ Twchew P«rrM|* Buffet Suppet
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  • TECHNOLOGY
    • 673 3  -  L l?@— ©*****30 By JEFFREY TSANG THE CHOICE of a monitor screen for the computer system used to be aasy it was limited to either monochrome or colour. 9 But that is no longer the > case. Of course, the choice of
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    • 323 3 NYT USING PULSES of light lasting only one-millionth of onebillionth of a second, scientists at the California Institute of Technology have invented an instrument that can detect the sequences of events in some ultra-fast chemical reactions. Dr Ahmed Zewail, leader of the research
      NYT  -  323 words
    • 559 3  -  b* SAID ABDULLAH COMPAQ Computer Corporation, the world's second largeat supplier of personal computers, has plans to intensify its marketing in this region with Singapore as the focal point. The American company, which set up its first manufacturing plant outside the US here early
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    • TECH – TAKES
      • 150 3 IDIOT-PROOF best describes a catamaran that has just gone onto the international market. The Genial 250 Is almost "tip-proof', virtually unsinkable with its twin hulls and its windsurfing rigging makes sailing a breeze. Although marketed as a skiff that children from the age of seven
        150 words
      • 187 3 STROKE the condition that strikes when a blood vessel in the brain gets clogged or bursts is dangerous but not just because oxygen flow to the brain is cut as was previously thought. Scientists are finding that the chemical balance in the brain is also
        187 words
      • 136 3 UPI A*ORUG reduced the death rate among alcoholics with liver disease by half in a new study, making it a candidate to become the first preventive treatment against one of the most devastating effects of chronic drinking, Canadian researchers reported recently. If the findings are confirmed by
        UPI  -  136 words
  • Page 3 Advertisements

  • COMMODITIES
    • 357 4 HONGKONG: Gold closed firmer and near the day's high on bargain hunting by local physical traders yesterday. The weakness of the US dollar and the technical strength of gold following a late rebound in New York encouraged buying. But trading was slow as the Christmas holiday approached. The
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    • 110 4 PETROLEUM product prices in the Asian Pacific market plummeted following Wednesday's drastic drops in WTI crude in the US and Thursday's slide in the Tokyo crude market. A sense of urgent bearishness gripped the market as almost all buyers remained sidelined in view of current volatility. Sellers,
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    • 487 4 Malaysian crude palm oil closed higher yesterday. Trading was fairly active with December south firming Ms3s to M 51,020 a tonne and central M 537.50 to M 51,015. Feb RBD palm oil traded at U*****.50 and March at US$43O a tonne while RBD olein Feb traded at US$449.
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    • 56 4 THE Kuala Lumpur Tin Market continued to rule featureleaa yesterday, closing unchanged at Wednesday's level of M 517.00 a kg. Interest remained slight, resulting In buyers and sellers closing deals at the starting level ot M 517.00. Transactions totalled 43 tonnes against 36 on Wednesday. The steadiness reflected
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    • 123 4 SINGAPORE The rubber market closed lower with January 1 RSS buyers quoted at 216 75 cents/kilo, down 1.75 cents from Wednesday's close. MALAYSIA Lack of follow-through buying support amid continued absence of overseas demand pushed Malaysian rubber lower yesterday. January SMR 20 buyer finished 2.50 cents lower at 272.00
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    • 237 4 R AS prices In 3 c*ntm/kg, FOB in bata 1 NOON CLOSE Buywrs S*lt*rs ftuyora S*ll*ri kit 1 RSS Prompt 218.25 219.25N 218.25 219.25N Int 1 RSS Jon 88 216.75 217.25 216.75 217.25 Int 1 RSS F«b 88 216.00 216.50 216.00 216.50 Int 2 RSS OP 215.50
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    • 77 4 (c«nta/kg, 1 -tor polMi) JANUARY 88 FEBRUARY 88 (currant month) (forward month) RAS NOON NOON lvy»n Silltn S#A«n SS* 30 333.00 224.00N 222.00 224.00 SSI 50 220JO 222.50N 220.50 222J0N MRELB fc|tn luyan SM« cv 376.50 278.50N 277.50 279JON SMI I 276 50 278.50N 277JO 279JON SMI
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    • 239 4 Chinese Produce Exchange S*ll«r» noon doling prlcwt on Ok 17 (SS/100 kg) Coconut oil Bulk FOB 99 00 Old drum FOB 109.00 N«w drum FOB 113.00 Copra Mixed (Ioom) 56 tellers Pepper Muntok wMt* FOB NLW 1220.00 Sarawak whH* FOB faq NLW 1205.00 Sarawak ipodal block FOB NLW
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    • 301 4 London Commodity Exchange Bwytf/S|H|r doling pricot an Doc 16 (£/tonn* un l*H tpoclfiod). Proviout doting pric poronthotit. •i in Con— Bath ki-«tor« londor i, toltort option OF London Jan 1202/1205 (1197/1198) High/Low 1206/1195 Mor 1230/1231 (1221/1222) High/Low 1232/1218 Sato (2661) Coco* OK 1021/1030 (1014/1015) High/Low 1025/1019 Mor 1052/1054
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  • Page 4 Advertisements
    • 220 4 The Swire Group I mm How a bass turned into a soprano overnight. M; m, < V. m Sa,!<sS Uy-' r. London, England have to admit that for a songwriter going to the recording capital of the world I wasn't too sure of myself. by the time we reached London,
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  • OVERSEAS
    • 311 5 Reuter A BOOST in 1968 plans tor business investment and a recovery in housing construction suggest US industries srs shrugging off the impact of the stock market crash, say economists. The Commerce Department reported on Wednesday that US firms plan to incresse investment
      Reuter  -  311 words
    • 930 5 ARRIVALS Operator Locol Mm* From JAL JL615 0305 TYO MAS MAS MH601 MH6S1 0730 09 20 KUL KUL SU SQ43 0620 DHA KAl «697 0905 Sa/MNL MAS MH811 0910 P€N MAS MH671 0920 KUL SIA SQ103 0950 KUL CPA CX710 1015 CGK swt S*176 1040 ZftH/IKK MA
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    • 344 5 Reuter OCTOBER'S stock market crash and a recent 11 per cent drop in the value of the dollar had had little effect so far on the West German economy, the Bundesbank said yesterday. The central bank's latest monthly report said it was still
      Reuter  -  344 words
    • 451 5 US bill risks provoking trade war UN report UPI A PROPOSED LIS trade bill to be voted on by the American Congress early next year will spark a trade war if not vetoed, the chief author of a UN report on trade policy said on Wednesday. "The US trade bill
      UPI  -  451 words
  • Page 5 Advertisements
    • 5 5 •-•V f*.iis «i <, i x
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    • 341 5 >" r a'-TVT*I t AX isO*LsxjJ EjTvIS AM E RICAN Performance of Selected Currency Investments October 31,1986 to October 30, 1987 (Based on an investment of Ssll,ooo each) EXPRESS BANK INTERNATIONAL CURRENCY INVESTMENT ACCOUNTS An International Currency Investment Account at American Express Bank will provide you with an attractive interest
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  • Page 5 Miscellaneous
    • 67 5 Doonesbury NTENSECf GREAT BULLETIN, m. r m K rr seems Mf vermis NEsoev ASA VE-BREAKERONA KEY THAZNER HLL NOW BEFORE THE HOUSE OF LORPS! I MUST POST-HASTE TO THITHER ANON! ZONKER, what me fS/T* v 7 BY GARRY TRUDEAU WHATVME/S IT? L SEE.. MOST *30AH YOU MEANT LONDON TIME, PfPN*T
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  • MONEY AND EXCHANGES
    • 540 6 Eurodollar futures opened slightly lower in Simex yesterday from Chicago's closing level. Yesterday's quiet trading was attributed to the weakening US dollar. The March contract opened 3 ticks lower at 92.13 and traded narrowly from 92.13 to 92.16 due to lack of dealing interest in the year-end market. It
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    • 80 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity HO OFFW HKJH LOW 3 months 6 months 1 year BQ*****X BS*****S BY*****T 17.3.88 21.4.88 24.11.88 3.40 3.33 2-50 3.35 3.28 2.45 3.47 3.37 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code rate MO
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    • 162 6 uif pninv if rim w 12 ma|or banks In S'por* Interbank market rata* (offer/bid) on Dec 17 us$ DM SWFC Y«n 7 don *7/1-1/4 9/16 7/16 3 1/16 3 IS/16 1/3— 1/4 4 1/3 3/a 1 <■* 3/t 1/4 S/» 1/J 3 7/9 3/4 4 1/16 3
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    • 61 6 THE OVERNIGHT rate on the Singapore interbank market fell X point to close at 3V4 per cent yesterday. The term rates fell 1/8 point across the board. S$ Interbank rotes of 7pm yesterday: ora MD Owr*+t 3 1/2 1/4 IHWM* 3 3/4 3 S/t 2-monrh 3 3/4 3
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    • 185 6 Reuter WHILE MUCH of the world shies away from the dollar, Lebanon's love affair with it continues unabated. Youngaters wear T-shirts with the legend: "I love you, dollar." Pets and even a restaurant have been named after the greenback. The American currency.
      Reuter  -  185 words
    • 1737 6 CURRENCY FUTURES OPTIONS ThurM toy Dm •mtMr 17 19S7 DEUTSCHE MARK (MMEX) 4M M0l Lot s«a JOT MOTfe SoB M CA4 57 5134 514 CA4 54 4134 414 S 59 3174 322 7 60 3354 232 14A 14 *1 1544 152 34A 34 *2 924 92 64A 74 *3
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    • 178 6 Asian market ASIAN DOLLAR deposit rates closed little changed at easier opening levels in quiet afternoon trading yesterday. Term rates weakened between and 3/16 point at the outset. Interbank dtpoiH rdM us$ on no 7 4mr* 3/4 J/« 1 m* 3/t 1/4 2>w*i 1/i 3 1/U 7 13/1* A iMnin
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    • 128 6 Gold h JIUTM on Dtc 19 100 My mmcm. USS por toy m n OPK. IM Mto Ok 1ft TIT 4*7.00 404.30 jff 140 Jan 40X00 XfO M M 4*100 401.90 40X00 4*0.10 ♦x*o 40X00 4»X50 4*5.00 40X40 3J0 km MOO 90X00 50X40 3J0 A-t 51OJO J10-70
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  • Page 6 Advertisements
    • 113 6 FERRINGHI BEACH HOTEL, PENANG, MALAYSIA. For Sale By Tender 1 1 V. ,1 *LU a I I Hl* v Location VA Mile, Batu Ferringhi Road, Penang. Only 20 Mins drive from City. 2 Mins from Rasa Sayang Hotel. Approximately 2.8 ACRES. Freehold Land Overlooking Sea with Beach Front. Full Service
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    • 185 6 FINANCIAL TIMES CONFERENCES CIVIL AVIATION IN THE PACIFIC BASIN: THE PATTERN OF THE FUTURE Singapore, 25 26 January, 1988 The Pacific Basin, civil aviation's fastest growing air transport arena, is the subject of the Financial Times fifth Asian Aerospace conference on 25 26 January, 1988. The rapid growth in the
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  • Page 6 Miscellaneous
    • 169 6 i! Moxko Oty ro 26/15 Flm 06/07 Ooudy 15/09 Omt&f 22/17 Ooor 24/16 Qtor 29/24 Onr 09/-3 CWor 21/16 Sanny 02-03 Oowdy 02-04 Oowdy 20/16 Oowdy 12/01 dowdy 31/19 Rm 10/03 Rain 29/21 Rain 23/10 Oowdy -1/-7 CWor 35/15 Ftw 27/17 Oowdy 01-02 dtor 03/00 Oowdy 26/23 dowdy 11/07 Otar
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  • BANKING AND FINANCE
    • 425 7 FT THE BRAZILIAN government has confirmed that its suspension of payments of principal on debt owed to the Paris Club group of sovereign country creditors will continue into 1988. The decision, which was not unexpected, means the country has failed to pay some US$l
      FT  -  425 words
    • 154 7 AFP A US EMBASSY spokesman on Wednesday denied Thai press reports that Washington was seeking a revaluation of the Thai currency. "We are not asking the Thai government to revaluate the baht," said Mr Robert Duncan of the US Embassy's economic section. Press reports have
      AFP  -  154 words
    • 275 7 AP BRAZIL on Tuesday signed with Western commercial bank creditors a US$3 billion refinancing package aimed at ending a moratorium on interest payments by tt>4 largest debtor in the developing world. Representatives of the Brazilian government and the creditor banks, meeting in New York, the package
      AP  -  275 words
    • 1486 7 SINGAPORE: The US dollar closed easier against major currencies yesterday but was above the record lows established in early trading. The dollar was traded to record lows of 126.00 yen and 1.6190 marks in early morning trade on stoploss selling by speculators as its sentiment remained bearish. But
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    • 709 7 Foreign bonds the place to be, says US trader NYT THE WEAKNESS of the dollar against major world currencies has played havoc lately with the stock market. But this same dollar instability has helped to turn mutual funds that invest mainly in
      NYT  -  709 words
    • 277 7 THE ASSET SIZE of the Singapo re-based Asian dollar market hit a record high of US$229 billion in September. Latest figures from the Monetary Authority of Singapore show that activity in this offshore Singapore market "continued to be buoyant" in September, growing by around
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    • 105 7 Simex to enlarge size of contract THE Singapore International Monetary Exchange (Simex) will anlarga the size of the British pound futures contract Kidder, Pea body A Co Inc, one of the US's biggest stockbroker ing firms, has also been given approval-in-principle to become a corporate non-clearing member of the exchange.
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  • Page 7 Advertisements
    • 44 7 PERSIAN CARPET AUCTION Sunday. Dec 20,1987 at 2pm. San Marco Marco Polo Hotel Tanglin Road Singapore 1024 Oriental Carpet Palace (Pte) Ltd HIGHLIGHT Lot no 50 Persian Superfine Isfahan Carpet Kurk wool Silk inlay on fine silk base Size 2 40m x 3 20m
      44 words
    • 528 7 International Exhibition Convention Centre Tender of prime land for prestigious development On behalf of the Government of the Republic of Singapore, the Urban Redevelopment Authority is offering for sale two parcels of prime land for a lease period of 99 years as described below for the development of an international
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  • PERSPECTIVE
    • 446 8 MANILA 1967 will go down in Asean history as the summit that took place because it had to take place. Political exigencies overruled security considerations when the visiting leaders took decision to attend the summit. The Asean countries have, of late, felt an intense need to
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    • 1572 8  -  The US will be making a final decision on a controversial proposal to remove five countries, including Singapore, from the generalised system of preferences. While this might cut down the exports of these countries, such a move would also boomerang on American economic interests
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    • 879 9 South Pacific UPI THE STORIED and idyllic South Pacific exploded in 1987 with the first military coup in the region's history in Fiji riveting attention on a host of independent island nations being courted by the East and West, as well as by Libya.
      UPI  -  879 words
    • 545 9 AFP AUSTRALIA'S economy went through a difficult and soul-searching year as commodity prices slumped, the foreign debt rose, the stock market crashed and restructuring began. The current account balance stood at A 513.23 billion at the end of the financial
      AFP  -  545 words
    • 599 9 AFP AUSTRALIA next year marks the 200 th anniversary of white settlement against a political backdrop dominated by the problems of its indigenous aboriginal population and its South Pacific neighbours. Prime Minister Bob Hawke, whose Labor government was re-elected in July to a third
      AFP  -  599 words
  • Page 8 Advertisements
    • 117 8 FLY AEROFLOT TO EUROPE and enjoy a wonderful chance to see MOSCOW 3 weekly flights, Mondays, Wednesdays A Fridays <V* i I r* 4 F ly Aeroflot to Europe transit via the USSR offers you a wonderful chance to make a stopover in Moscow or enjoy a holiday in any
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  • Page 8 Miscellaneous
    • 341 8 CRYPTIC PUZZLE ACROSS 4 Revolutionary moans of travol? (6) 7 Bird taken for a late evening drink? (8) 8 Predator so upset by its victim (6) 10 Does it bloom for a day? (5) 13 Dramatic promptings (4) 14 The love of Kojak. say? (4) 15 Father of twins? (4)
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    • 320 8 17 Make a mournful sound (4) 19 Clue (4) 21 Act as substitute (9) 23 Be exceesively fond (4) 24 Identical (4) 26 Domestic animal (3) 27 Orate (4) 29 Scheme (4) 32 Constructed (4) 33 Make reparation (5) 34 Dairy product (6) 35 Lozenge (8) 36 Coming (6) DOWN
      320 words
    • 1159 8 PM SBC Text Sample Poges. Opening and Programme <-■ J K w n»yi 11 loflowfc 07 Sport Sown. Marking Timet Dane* And The Art of Survival. Ever Decreasing Ordei Shodowi In The Forest 1 I i rffwy»yrw rOKJTKJ AppiovM Jonwi Gdwoy Aocf TV- n.l.ltnUi. U 1 in§ wVvi>u"o vi nviuna.
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  • Page 9 Advertisements
    • 141 9 Perth, Western Australia Pelican Cove is an exclusive collection of forty nine architecturally designed residences set on i the foreshore of the Swan River and providing unrestricted views of beautiful Perth City. t f i I M A w J r r* 1 -I r'\ v ri^Liv/\n got# J! 5
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  • Page 9 Miscellaneous
    • 30 9 VOL) FiN\9,HeD THAT ORDeR OF niNC > (Qu IoHN/ NOT P *£>) J 111 A see fo£ n/oorsclf SP'T' l' snrr i j nnP\cice^eL 11 OEv<>i..n9 Standard Co Ltd 1rJ6219«7l r J6219«7
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  • Page 10 Advertisements
    • 401 10 The of SEEGER FIFTEEN years ago Messrs Karl Sinca then Seeger leather and hinges are specifically made 1 M* N *1 5 m m S S mnlfrf'l m 1 353E5C5B5 mmgtm mmmgm almost 8, -•asr msmm mXm m£&8&m: •.rt.'V BS 1 -J V J&: mm m Kill MESaiM w f
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  • Page 11 Advertisements
    • 817 11 w 0 T V fcVi. r*«fc-. e> >«-, mwm ifcrst Iff W Tf m i oell GA OFFERMANN The luxury of leather at :ach 1 > A Italian influence THOUGH West Germany has dominated in feather goods in the last two decades the Italians have been perhaps the leading lights
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  • SPORTS & LEISURE
    • 653 12 AFP HORDES OF foul-mouthed Italians will never realise just how great their contribution was to putting Ireland's Stephen Roche into cycling's hall of fame. "I've been through hell" were Roche's words after fiercely partisan fans on the roadside had spat and sworn at
      AFP  -  653 words
    • 151 12 AFP HEARTS WASTED an opportunity to reclaim the Premier Division leadership at rain-soaked Tynecastle on Wednesday as Mother-7 well improved its prospects of escaping relegation. The Edinburgh club had to settle for a 1-1 draw to move alongside Celtic on 37 points but it remains in
      AFP  -  151 words
    • 545 13 AFP INDIA goes into the Davis Cup final against Sweden in Goteborg this weekend knowing only too well that all the odds are stacked against it. And the news that Sweden's world number two Stefan Edberg was paased fit, after a work-out on his ankle injury
      AFP  -  545 words
    • 775 13 AFP ANY SHRED of doubt that America might still rule the world of golf dissolved during a season whose effects will be felt for years to come. When Europe, in one of the sporting world's most emotional moments, retained the Ryder Cup,
      AFP  -  775 words
    • 266 13 AP THE WINNER of next year's Paris Indoor Tennis Tournament will be paid a US$lOO,OOO bonus in addition to the regular prize winnings. Tournament director Patrice Clerc said in Paris on Wednesday that with total prize money of more than US$l million,
      AP  -  266 words
    • 464 13 NYT IF THE BATTLE OF WATERLOO was won on the playing fields of Eton, it may be that the international trade wars of the 1990s and beyond will be decided at the 1988 Olympic Games in Calgary, Alberta, and Seoul, South Korea. If so,
      NYT  -  464 words
    • 836 13  -  HOMOMRBT BUSINESS with Mike Cashmore WITH ONLY DAYS to go before the Mobil Marathon, final preparation and what to do on the day itaelf are crucial to your performance and health. Below are some factors to consider and guidelines to help you complete the
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  • Page 12 Advertisements
    • 791 12 si IS T sS r- > u ■^L. w m m 33K»1 ..<£• 5 1.1.. m Li lUIMJIil"! CONGRATS! You'r* Our Lucky Winners This WMk! MR STEWART SEIDLER MS NEO GUAT BEE You can be one of our lucky winners too! Each time you have a lunch or dinner at
      791 words
    • 225 12 [J 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 Igottle of Hennessy XO. MENU II includes braised shark's fin with chicken sauce, braised abalone with green vegetables and sweet
      225 words

  • Page 13 Advertisements
    • 495 13 ilrlu f i traditionally Japanese, traditionally Unkai. Sample the delicacies of Japanese cuisine, ;tyjshi, sashimi and teppanyaki. Four tatami rooms are avaMabte tor private parties. Located on the 2nd Boor. Open 12 noon to 3 pm 4.30 pm to 11 pm. Ample free parking Century Park Sheraton Singapore 16 Nossm
      495 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4245 14 SHARE PRICES closed slightly higher yesterday but off their day's best ss profit-taking pared early gains. Gainers narrowly led losers by 89 to 67. The market opened firm and roee steadily on sustained buying by institutions and small investors, buoyed by a
      4,245 words
    • 237 14 SINGAPORE Rises ina iCH 0K 1* 0K 17 G»»* «>< Port 10JO 50 »T Cn*rti *77.21 m M »•> MS 30> •TOt/OS 35 1*7 ICS MO 20 20 •TCA0 7271 -7M1 Partway M JO* ISO •T 10-4*7 MA •7440 •7431 HM 3«4 IT 0*V *****30 10M323 1
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    • 4035 14 SECTION ONE ■nUSTMAL s COMMERCIAL Aono (105 6 I 08 SI (22) I 10 0 Ml (II Iff (II 106 0 107 AaM Steel 50« (1116 1149 Oil I 13 1140 I 12 19 1 11 (341 I 14 M7I I 15 III 1.14 (II
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    • 240 14 Monogan' prtcM (1) ferDtc II Singapore Unit Trust Tl» Co—rx, OU Otl 'Xi.-Vl 074 Ot i po>( r.og 01* OJi Sim W 'vp* OS? 041 fcuwi >W 041 0M S>w. M 0« 0M* A*lo Unit Trust *W i~m l 21 in M* >.n» '-O or* OX MM W*.t,
      240 words

  • COMPANY NEWS
    • 611 15 im mm*» By HOCK LOCK SIEW f THE URBANE Ronald Li has made a dignified exit as chairman of the Hongkong Stock Exchange, but it is doubtful that this is the farewell his critics want to see. For one thing, Mr Li remains on
      By HOCK LOCK SIEW  -  611 words
    • 281 15 AFP THE HONGKONG Stock Exchange's new chairman has pledged to promote the exchange internationally although foreign brokers would remain barred from its decision-making general committee. Mr Charles Sin, formerly a senior vice-chairman of the exchange, was elected on Wednesday by the
      AFP  -  281 words
    • 618 15  -  Joint venture to be headed by two well-known financiers By LISA LEE KEEN TO MAKE financial services a core business, Wearne Brothers, Ltd has made the radical but logical move to tie up with a consortium of Taiwanese companies to set
      618 words
    • 525 15 NST CONSTRUCTION and civil engineering group Hong Kong Tin Corporation (M) Bhd (HKTB), which has sailed through numerous storms in the last 35 years, plans to chart a new course in property development. "We hope to be able to provide a range of
      NST  -  525 words
    • 121 15 Reuter WEST AUSTRALIAN multi-mil-lionaire Alan Bond has virtually gained control of the state s famous Golden Mile gold-produc-ing strip in Kalgoorlie, 500 kilometres east of Perth. Gold Mines of Kalgoorlie Ltd, controlled by Mr Bond's Dallhold Investments Pty Ltd, has offered A
      Reuter  -  121 words
    • 250 15 NST MBf HOLDINGS BHD, which fought for nearly two years to gain board control of Emtex Corporation Bhd, has decided to break up its union with the plantation based company. At an extraordinary general meeting at the MBfH's head office in Kuala
      NST  -  250 words
    • 193 15 Bernama ES AMALGAMATED STEEL Mills Bhd (ASM) has projected a group pre-tax profit of M 539.3 million for the year ending June 30. 1988, following its proposed acquisition of Inview Corporation Bhd, a company which is now dormant. In a circular recently, ASM said
      Bernama ES  -  193 words
    • 608 15 GOODYEAR MALAYSIA, which intends to explore further into the export market, is now looking at the possibility of investing in a multi-million-ringgit project in Malaysia. Managing director John Polhemus said that the company would have to discuss the matter with the Malaysian Industrial Development Authority (Mida)
      608 words
    • 3643 15 SENTIMENT remained buoyant at the Kuala Lumpur stock market yesterday and share prices were chased up for the fourth day running. Light selling was noted and although the market failed to close at its best, fairly widespread dou-ble-digit gains were posted. Especially firm were industrial
      3,643 words
  • Page 15 Advertisements
    • 17 15 HANDMADE WORLD RENOWNED SHOES ft a FABULOUSLY COMFORTABLE! Available at: SCHUHE BOUTIQUE #02-28 RAFFLES CITY SHOPPING CENTRE
      17 words
    • 38 15 Baring Brothers Asia Limited From 19th December, 1987 our offices will be relocated to 10 Collyer Quay #06-02 Ocean Building Singapore 0104 Our telephone, telex and facsimile numbers will remain unchanged. Telephone 533-1155 Telex ***** Facsimile 532-5592 BARJNGS
      38 words

  • REGIONAL MARKETS
    • 1364 16 Hongkong Reuter SHARE PRICES in Hongkong closed slightly lowsr in modsrsts trading yestsrdsy as profit-tak-ing by small investors trimmed early gains. The Hang Seng Index shed 3.48 points to 2,142.23 and the broad-er-based Hongkong index eased 1.44 to 1.400.25. Brokers said there was light selling pressure after
      Reuter  -  1,364 words
    • 60 16 nr rf mum tK*W»D»X M3MR •CO CrwM ftugar DMMM KKltakr lW UWM *TWB Una lent T»n SUB *tm MO *m HOC MO «WI -17V) 1CBD »IBB m ♦m DMMnkolL AM *m. Oont«uK*Mt 51*41 II 7 MBDD 0V m ma tan mu 10D0 Mwi Cl—m 14BD HvKuA QMM IIODB OB
      60 words
    • 427 16 Reuter SHARE PRICES in Tokyo firmad slightly in light trada yaaterday as a cautious markst waatharad anothar unaasy bout with a waak dollar. Institutional invaators won't gat back in until thayra happiar about axactty whara tha dollar will stabiiisa," analyst Andraw Ballingal of Barclays in Tokyo said. Tha Nikkai
      Reuter  -  427 words
    • 402 16 Reuter STf&NG GAINS In Dm metal miners and blue-chip industrial* offset weakening gold stocks yesterday and tha Australian share market consequently doeed firmer Sentiment was improved by a 33-point gain on Wall Street, firm metal pricee. a stronger local currency and the proepect of lower domestic intereet rates. "There
      Reuter  -  402 words
    • 147 16 THE SECURITIES Exchange of Thailand Indax finished 6.53 point* low at 268.96 yeaterday on a turnovar of 5.40 millon shares, up from 5.26 million on Wednesday. OK 17 BAMT h Ao Kham Thai -10 -48 Bangfcak Bank 2t1 •anfcO> Aradhyt 2M Charoong Thai Wlra -12 •M ACaMa 1 DuaWanl
      147 words
    • 134 16 MC 17 1 /WeCewL**" sr CMnWaPlNr CNnaOwm OMN AM. CMn« EM CMnaOuNPM. aim mm CNW mm o*>q IT C 2H MJI MM Mi «n mm XX mm MM Ml XJC MM mm HOC KMdan DM 3f <11 MOMMI oiM aw *&a UBHMM> MM <1. Zm* *">-"» *1* L T*
      134 words
    • 44 16 sssr i— on? «<«» 0 MM -A <7 *<*» i MB m ii! n- MU >1*1 •M Mk l« 4J >■ -c® M *0 M *sn mi M w> MfMl 111 .1 *»1f < fcM Mr SB < Mf I Cm U, >— 4 JMpM M L»11 Jl «ft
      44 words
  • Page 16 Advertisements
    • 517 16 NOTICES THE COMPANIES ACT, CAP. M AND IN THK MATTER OP LAPARUS PT* LTD At an Extraordinary General Meeting of the Company held at 1 Colombo Court, #08-15, Singapore 0617 on 16th December. 1967, the following Special Resolutions were passed:(a>>That the Company be wound-up voluntarily pnrsnant to Section »0(l)(b) of
      517 words
    • 523 16 IB the Batter of The Companies Act Cap. 80 In the matter ef SCANKIT KITCHENS PTE LTD (Member* Voluntary Winding Up) At an Extraordinary General Meeting of the abovenamed oompany duly convened and held at Sparekaseen Bds, I Veeterbrogade, DK-1820 Copenhagen V, Denmark, on Friday, 11 Deoember IM7, the following
      523 words
    • 534 16 In th* Matter of The Companies Act, Cap. 80 JKTCOOL PR LTD (Creditor*' Voluntary liquidation) Ill' *1 lllfli NOTICE 18 HIRBBT GIVEN pursuant to Section 308 of the Companies Act, Cap. 80 that the FINAL MEETING of the Creditors and Members of Jetcool Pte Ltd will be held at 8
      534 words
    • 599 16 THE COMPANIES ACT, (CHAPTERS#) AND 1 1 t I f V■ i 4 K. C. TAN SONS INVESTMENTS PTE. LTD. (Incorporated in Singapore) (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of K.C. Tan Sons Investments Pte. Ltd. duly convened and held at 1 North Brldgs Road
      599 words
    • 367 16 IN THE MATTO OF THE COMPANIES ACT, (CHAPTER 50) AND i/.jn vm PT* LTD Mm 1 Volnntary Windlng-Up) BP i'-irJj NOTICE 18 HEREBT GIVEN that pursuant to Ssctlon 30t of the Companies Act, Chapter 50, a Final Meeting of the Member* of the Company will be held at No. 50,
      367 words

  • WORLD MARKETS
    • 1059 17 New York Reuter WALL STREET surged in the final minutes of the session on Wednesday to close-sharply higher in active trading. The advance waa inspired by transportation stocks, which raced higher as oil prices slumped below US$l6 a barrel for the first time in a year, traders
      Reuter  -  1,059 words
    • 987 17 London Reuter EQUITIES CONTINUED the early firmer trend at the official 0900 GMT opening yeaterday with apecial situations dominating trading. The FTSE 100 opened 11.0 points higher at 1,700.8 on moderate volume qf 79 million sharea. Prices continued firm in later fairly thin trading and at 1013
      Reuter  -  987 words
    • 185 17 Reuter HENRY KAUFMAN, the economist known as Dr Doom because of his gloomy, market-moving forecasts, will leave Salomon Brothers next year after 26 years, the leading investment banking house said on Wednesday Mr Kaufman. 60. was a major influence on the financial markets,
      Reuter  -  185 words
    • 1191 17 Selected indices HONGKONG Hongkong Index Thursdoy *****5 Wednesday *****9 W eek ago 1323 43 Hang Seng Index Thursday 2142.23 Wednesday *****1 WNk ago 2.027 67 Alt Industrials Thursday Wednesday Week ogo NEW YORK Dow Jones W#dn*sdoy Tuesday Week ago 1091 1 ***** 1904 4 *****7 1941 48 I9G252 TOKYO Nikkei
      1,191 words
    • 384 17 Reuter TWO INTERNATIONAL beverages groups are seeking to increase their stakes in Martell. one of France's most famous cognac producers. Canadian-based Seagram Co Ltd on Wednesday said its French champagne subsidiary Mumm et Cie was planning to buy more than 40 per cent of
      Reuter  -  384 words
    • 435 17 FT MK ELECTRIC. the British electrical accessories company which has turned down two competing takeover bids in the last three weeks, haa abandoned hopes of remaining independent and recommended an increased cash offer from RTZ, valuing the doorbell and plug manufacturer
      FT  -  435 words
    • 132 17 AP MARINE MIDLAND Bank lnc*> shareholders overwhelmingly approved a sweetened US$756 million buyout offer from Hongkong and Shanghai Banking Corp, which already owns a controlling interest in the bank. The vote at a meeting on Tueeday completes the acquisition, and now gives.C the Asian
      AP  -  132 words
    • 430 17 AP BRITISH PETROLEUM Co PLC has cancelled its 300p-a-share tender offer for 15 per cent of Britoil PLC after the offer expired on Wednesday morning. BP, which already owns 14.9 per cent of Britoil, made no other statement about Britoil by the
      AP  -  430 words
  • Page 17 Advertisements
    • 538 17 The Sanwa Bank Limited INCORPORATED IN JAPAN Nonconsolidated Balance Sheets As at March 31, 1967 and 1966 Millions of Yen UAMUTIES AND STOCKHOLDERS' EQUITY LiABNJTIES Call Money Borrowed Money Foreign Exchange Liabilities Convertible Bonds Other UebiMiee Reeerve tor Possible Loan Loeees Reserve for Retirement Allowances Other Rwmkvos Acceptances and Guarantees
      538 words

  • 727 18  -  Plans to seek a listing postponed By CHUANG PECK MING THE HOUR GLASS has postponed plans to seek a listing but is pushing ahead with expansion plans that include broadening its retail base and venturing into watch wholesaling and manufacturing. "With complete control of
    727 words
  • 633 18  -  By HARISH MEHTA THE GIANT Soviet early-warning radar near Krasnoyarsk in central Siberia could become a major obstacle to US-Soviet negotiations to reduce strategic weapons, says a US arms negotiator. Mr Max Kampelman, head of the US delegation to
    633 words
  • 218 18 AP TAIWAN'S government yesterday approved a plan to achieve average economic growth of 7.5 per cent next year. The government information office said in a press release that the executive Yuan, or Cabinet, approved the 1968 economic plan submitted by the Economic
    AP  -  218 words
  • 234 18 THE SECRET to good dinner parties is good white wine. With red wine, half the crowd dozes off and the other half starts talking politics. Executive Lifestyle tomorrow chats to plainspeaking Jean Huge!, a man backed by 11 generations of wine-making in Alsace,
    234 words
  • 158 18 AFP THE Philippine Sugar Regulatory Administration said yesterday that a 25 per cent cut in the US sugar import quota next year would be a serious blow to the already-depressed major export industry. Exports of sugar, which amounted to US$6O million last
    AFP  -  158 words
  • 337 18 AN NTUC delegation is in Brussels to condemn the largest labour organisation in the US for trying to remove Singapore from the US Generalised System of Preferences (GSP) for allegedly abusing workers' rights. The latest issue of NTUC News
    337 words
  • 405 18  -  By LEONG WEN WAH A FOREIGN investment fund, which will pump pert ot its money into publicly-listed Singapore shares, is scheduled to be listed on the Stock Exchange of Singapore in mid-January Shares of the US$lOO million Asian Development
    405 words
  • 148 18 Bernama ES OVERSEA-Chinese Banking Corporation Ltd said yesterday that one of its subsidiaries, International Discount Company Ltd (IDC), has passed a resolution to wind up the company voluntarily. "The declaration of solvency has been filed and therefore the company would be wound up as
    Bernama ES  -  148 words
  • 103 18 Reuter COMEX GOLD FUTURES lost more than US$lO.OO on early selling yesterday by speculators in anticipation that the drop in Brent crude oil to U5514.90 a barrel in overnight trading will spur deflationary psychology. February gold fell US$ll 60 at U*****.50 an ounce. Comex silver futures
    Reuter  -  103 words
  • LATE FILE
    • 38 18 AFP GUSTAV HUSAK has been replaced a* leader of Czechoslovakia's Communist Party by Milos Jakes. The state CTK news agency said yesterday that Mr Husak. 74. would remain as head of state AFP
      AFP  -  38 words
    • 57 18 AP BEIJING'S communist party congress yesterday followed the example of the party's national leaderahip and elected a streamlined, younger and better-educated party committee. The ««fficial Xinhua news agency sard the 750 delegates to the capital's party congress elected just SO people to the city's highest parly
      AP  -  57 words
    • 42 18 Reuter JAPAN yesterday released a 30 billion yen commodity loan to the Philippines, only a day after the two countries signed an agreement on an 80.2 billion yen loan package from the Overseas Economic Cooperation Fund. Reuter
      Reuter  -  42 words
    • 47 18 UPI US Secretary of Slat* George Shultz returned to Waahington from Europe yeeterday to say he had found solid Allied support for the new superpower arms treaty and was confident the accord will "sell itself" to the Senate for ratification. UPI
      UPI  -  47 words
    • 33 18 AFP INOiA's state-run Oil and Natural Gaa Commission and Canada's International Petroleum Corp yesterday signed a contract for offshore oil exploration in the Bay of Bengal. AFP
      AFP  -  33 words
    • 43 18 Bernama MORE than 10.9 million tourists sre expected to visit Malaysia in ths nsxt three years, generating foreign exchange earninge of M 57.2 billion for the country, said the Parliamentary Secretary to the Culture and Tourism Ministry yesterday. Bernama
      Bernama  -  43 words
  • Page 18 Advertisements
    • 129 18 leaving Singapore for 3 weeks? know your family is safe and happy... y\' j You owe it to yourself to check out Ardmore Park the security is excellent, school buses call at the gate, and there is aerobics, squash, tennis, swimming, chip and putt and special interest classes for all.
      129 words
    • 213 18 !!'&@-,;_<@$=[]}$~?`*%"%:!))_.~ The automatic chronograph Da Vinci from IWC with perpetual calendar and moon phase indicatorIt it a beautiful proof that the future does not belong to the computer only. That the future belongs to the automatic chronograph Da Vinci from IWC is because of its remarkable mechanical watch movement with
      213 words

  • SHIPPING TIMES
    • 339 19  -  By G DURAIRAJ PENANG PORT Commission hopes the feasibility study on the privatisation of the port will pave the way for the commission in its effort to find ways to improve its efficiency. The study, which began on Nov 9, is
      339 words
    • 116 19  - P 0 Australia revamps handling activities From Kingsley Wood P O AUSTRALIA has reorganised its materials handling activities covering stevedoring, container terminals and supporting services in a shake-up that will involve some 40 separate companies throughout Australia and overseas. Managing director, Mr Brian Baillie. said growth of the company's cargo
      116 words
    • PORTSIDES
      • 115 19 Reuter A LUXURY YACHT used by exiled former Philippine President Ferdinand Marcos to hold lavish partie is being turned into a tourist boat. Unused since he was ousted from the presidency 22 months ago. the 75-metre vessel will start ferrying tourists around Manila bay
        Reuter  -  115 words
      • 65 19 Reuter THE 508,731-DWT supertanker Esao Atlantic on Wednesday became the largest tanker ever to transit the 173-km Suez Canal, Canal officials said. The tanker paid U*****,771 to transit the canal on its way to Saudi Arabia in ballast, canal officials said. The Bahamas-registered vessel is
        Reuter  -  65 words
      • 100 19 THE SUPPLY-RESEARCH supply which is to replace the Nella Dan, will be built by P O Australia and Polar Schiffahts-Consulting of West Germany. The As7o million vessel will be awarded to either Australia Shipbuilding Industries or Carrington Slipways. When completed in 1969 it
        100 words
      • 89 19 THE ASIAN Development Bank has approved a technical assistance grant to Pakistan to finance a feasibility study for an oil terminal. The Pakistan project will enable the country to provide additional infrastructure facilities to meet handling requirements for importing crude oil and petroleum products up
        89 words
    • 402 20 Reuter ANY CLOSURE of the Strait of Hotmuz at the entrance to the Mid-East Gulf would mean a loss of about 7 million barrels per >day (bpd) in oil exports from the Gulf, the Oslo-based International
      Reuter  -  402 words
    • 113 20 AFP THE European Commission, citing "unfair South Korean competition", has approved continued public subsidy for European shipyards in 1968 The European Commission has decided to maintain at 28 per cent of sale price the ceiling set for public funding support of shipyards within the
      AFP  -  113 words
    • 303 20 Reuter SHIPS piled up at the entrance to the Gulf in a huge traffic jam as Iran and Iraq used air and sea strikes to maintain pressure on vessels in the way.An Iranian frigate set off the chaos in the narrow Strait of
      Reuter  -  303 words
    • 987 20 AB Shpg V 5 ABC Contonw vmi 1 Accord Shpg VI 3 Ahrankial linar n 3 Africa Ocmd XII 2 AHtram VII 3 AC Toaplar XI 5 Amancon Tpl XM 4/5 Anro Sarvica IV 2/3 Arrow I mat IX S A won Ocmd VI 1 AHoi Una
      987 words
    • 1163 20 QUIET chartering is reported in all sectors of the freight market on Wednesday with rates showing small irregular movements where changed, shipbrokers said. Shippers covered 50,000 long tons of light grain on the North Duchess from the US Gulf to Rotterdam at U5512.25 with option of discharge in
      1,163 words
    • 456 21 Lloyd's List PROFITS generated by large tankers are expected to rise sharply by 1991, resulting in a wave of orders for world shipyards. Very large crude carriers, which are forecast to make an annual profit contribution of US$BOO,OOO up to 1989, should
      Lloyd's List  -  456 words
    • 118 21 Reuter BRITAIN'S High Court awarded total damages of more than £2 million on Wednesday to families of 22 crew members killed when the ferry Herald of Free Enterprise capsized in March. Michael Napier, representing the families, said the settlements of between £50.000 and £150,000 would
      Reuter  -  118 words
    • 321 21 AFP THE DUTCH government has signalled its intention of rejecting a bid by Wil-ton-Fijenoord, the country's largest shipyards, to sell four submarines to Taiwan. "The Netherlands follows a foreign policy line favourable to the Chinese People's Republic
      AFP  -  321 words
    • 312 21  -  From Kingsley Wood THE POSSIBLE loss of a lucrative newsprint carrying contract across Bass Strait could finally squeeze Australian National Line out of mainland Australia-Tasmania trade. The newsprint shipping contract is currently being reviewed and a Labour MP
      312 words
    • 144 21 Jan 19 The Trinity House. Nautical Institute (Dover Branch) meeting, 1930 hrs. Royal Cinque Ports Yacht Club, Waterloo Crescent, Dover. Jan 19 Registry in an offshore location, Nautical Institute (North Scottish Branch) meeting. 1830 hours, Atholl Hotel, 54 Kings Gate, Aberdeen. Jan 20 Commercial responsibilities for Masters, Nautical
      144 words
    • 8291 26 AARHUS Qing Ha. China Ocaan. Dac 17. Axal Maarak. Maarak Lina, Dac 17. Ming Comtort. Yang Ming. Oac It Villa da Mercure CM D'Aftretement. Dac It B Parmai. ScanOulcht. Oac 21 Liao Ha. China Ocaan. Oac 21 Evar Gaining. Evargraan. Dac 22
      8,291 words
    • 1024 26 THIS FORTNIGHTLY REPORT, compiled by Cockett Marin* Oil Ltd. shows price ranges in US dollars, instead of single prices for mora comprehensive description of the market Prices shown are baaed on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
      1,024 words
    • 1083 27 AT CONVENTIONAL WHARVES M '"wn •.niiwnnt nnnnvca v**. T«* il '4il«7X 2212/®® Vaaaal aarth Arrival Oapartura MAMMA WHARVES KfkMl WHiRVTI II i]MB KXTFU. WMAHVtJ mbM.* Urn MSI ti 11 12/0X0 ii MM IftlMND "7 s OJ» '412/CB® Pah I It MM >4 Hill® 7? l| lyaxxi 171
      1,083 words
    • 2010 28 A—6 AB Shipping Boustead Shpg Agencies. ABC Containerline NV S pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Lines Sealion Shpg (S). Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK). Alltrans Alltrans Express. American President Lines
      2,010 words
    • 457 30 Fairplay A NEW insurance policy has been launched by the UK-based specialist credit and political risks insurer, Pan Financial Insurance Company Limited. The policy, designated "War on Land Insurance", is designed for exporters, importers, freight forwarders and contractors whose goods and equipment may be
      Fairplay  -  457 words
    • 285 30 CHINA is wasting investment funds for port development by constructing berths and facilities in an illogical fashion, said Mr Qu Jia Jun, of the Shanghai Ship and Shipping Research Institute. He said development of harbours and berths was the weakest link
      285 words
  • Page 19 Advertisements
    • 846 19 dp hi, TIMES •OCM it**''** STP Distributors Times PuMiAni Group SIN gap<> rE K a OfUENT OVEIQEAS C*Uum* LIME NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORID ROUTINI, Jardines Vn ISCP LIN CHTON NFK NYC HfX It In Pt 1/1 12 ?»12 16,1 17 31/12 23/1 7/1 30/1 14/1 6/2 M
      846 words
    • 113 19 mm ANY CLOSURE of the Strait of Hormuz at the entrance to the Mid-East Gulf would mean a loss of about 7 million barrels per day (bpd) in oil exports from the Gulf, the Oslo-based International Association of Independent Tanker Owners (Intertonko) said. P»ge II PROFITS generated by large tankers
      113 words
    • 447 19 TIMES STP Distributors Ttmmm Group i*r MAERSK LINE n SINGAPORE/ U.S.A. END YEAR SPECIAL "LEXA MAERSK" VOY 8802 Departure 31.12.87 To Europe UK Scand'navia Finland amlom ma LUNA M 8808 ARTHUR M WH anna m bbob M ROTTERDAM 8808 laubt m mea ANDERS m ma Thn week ArSd M Closing
      447 words

  • Page 20 Advertisements
    • 387 20 !&1 CO MP AGNIE MARITIME DAFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO NOHTH CONTINENT SINGAPORE/ MARSEILLES 16 DAYS SINGAPORE/ BARCELONA (DIRECT) 17 DAYS OUTBOUND TO MEDITERRANEAN 'NBOUND FROM EUROPE/FOR FAR EAST PORTS A OCEANUS SHIPPING AGENCY PTE LTD #02-63 ANSON CENTRE SINGAPORE 0207 TEL *****77
      387 words
    • 21 20 Lines and services represented by ft Members of the Registry of Accredited [{i Shipping Agents, Singapore National Vy Shipping Association V
      21 words
    • 364 20 CHARGEURS REUNIS S AF- r. /77 11 A l r .P' Optorg Shipping Pte. Ltd tEL M A iMPDU A.; C II »L tVfO£SA i. "Sf A'; VAt- VAS ARGt\'!NAS ASGfVINE \AT"CSAI JNt S port Pw CATAMARCA II Ml MENOOZA IVB SAM LUtS 17a LMdni tor BM C. To* nm
      364 words

  • Page 21 Advertisements
    • 1132 21 The Straits Steamship Group STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Porta and Bangkok P&OCLJg^ P&O Containers Limited COHTAIKERSHff SERVICE TO UK/COHTHEM: S>n P KJa« Stan N'kari Blw»«« Ma tolaca cat aiu am m w w towo express wu wu ivn vm i*® J® umom (at am aw am a«i
      1,132 words
    • 599 21 IE! C SAV Ccr-r .iS-jdA-FEEDER VESSEL IS'POPE I BOTHER VESSEL HK ARICA K2Q AKTOf VALP »l CSAV 1 VI VELAY 12/1 W 10 110 CSAV 2 *1 CMAITEN W W rr*, |(TOK art) CARGO FOR PUNT A ARENAS, TALCAMUAMO (SAN VtCCNTE) ACCEPTED WTH T/S VIA VALPARAISO —rSingapore *****00 Booking *****08
      599 words

  • Page 22 Advertisements
    • 360 22 Hapag-Uoyd l: CONIT AINERSHIP SERVICE TO UK/CONTINENT To*» [lpriu liy Frankfurt Eipri Ouki lay City of Uinbut Urp Bay Honfkonc Elf CuifM Bay Rhtna Mini 'ex 10 [ITHI Kovioofi liy Ouki lay Kitaeo Bteru ALSO ACCEPTING CARGO TO: ALL UK INLANO OUTINATIONS. BELFAST, DUBLIN COPENHAGEN AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO.
      360 words
    • 752 22 HC&line FULLY CONTAINERISED SERVICE 10 fUROPE VIA SIU B Mrnib'f nl Ihf Acr Comotlwni mm. H ii». "It 1 i f ROM I'JROPf VIA SUf/ 9 Member ol the At r Consorlnini NEPTUNE CRYSTAL 42E 21/12 CHINA CONTAINER 42E 29/12 HONGKONG CONTAINER 52E 5/1 TRANSWOftID BRIDGE «X 12/1 SEVEN SEAS
      752 words
    • 330 22 FREIBHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO COLOMBO*. SAILING 25/12 1/1 FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LABPALMAB, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER A ISTANBUL U-S.A. ALSO ACCEPTING TO: CHICAQO, BOSTON, JAV, PHIL, SAV MIAMI A ALL INLAND DESTNS. PORT MORESBY, RABUAL, LAE
      330 words
    • 1131 22 EVERGREEN full Cont.uth" Scrii t Round-The-World East Bound (FE/CARIB/USEC/L URO/FE) ALSO ACCEPTING CARGO TO: 1) PROVIOENCE. NEWARK. SAVANNAH BOSTON PHILADELPHIA NORFOLK JACKSONVILLE WILMINGTON BERMUDA ETC 2) ATLANTA CHICAGO DETROIT. COLUMUS OTHER MAJOR MICRORRIDGt DESTINATIONS I) CRISTOtAL, BALBOA. PANAMA OTT, COLON. SAN Mi SANTO DOMINGO. NEW ORLEANS. HOUSTON. lIMON CURACAO VIA
      1,131 words

  • Page 23 Advertisements
    • 505 23 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel" *****33 SIN MY »MO SIN SM SM It/12 22/12 20/12 >4/12 28/12 28/12 27/12 >1/12 2/1 t/1 Vf rn a/1 12n VESSEL MTEGRA SKA HAWK SKA DRAGON SKA HAWK BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE
      505 words
    • 217 23 w ra i NORBUU Wy r NORBULK CARGO SERVICES LTD. T REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK CONTINENT PORTS TO: INDIA/PAKISTAN PORTS SPORE MARATHON UNITED AGENCY PTf LTD TEI 6 kl pk s p yro shpc trdg ki '*>%44 pk jmsipi PENANG TANJONG MARINE SDN OMD TEL 67*575
      217 words
    • 637 23 \a BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UKfCONTINENT I Eiartu 11/1 I m IPORI t KLAJK JTON SaiM IB Srt «n SAI nu un wu aiu iyi in in m EXPRESS CONTAINER SERVICE FROM UK/CONTINENT fj*— «avm ston f njmc rm rm NmHmh toy Sa>M SaM SaaM SaiM S*>M
      637 words
    • 471 23 DJASAGETRI A Joint Europe Service Of: P.T. UMMTA LLOYB P.T. BESUM LLOTB P.T. WHim IWMBW P.T. TMKORA LLOTI EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EOROPE WUVOY SPORE BILBAO A DAM DAM H BURG/SRHKN U. ►OTANC/ÜBM »|n H2 }n m 9CUN PIMM/MM IS-Dn ah on caxoa mSfrsß s an www •ataramrmt
      471 words
    • 319 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) S'port P.Kelang Penang Bangkok HTOMIYVA V23OW 22/23 Ok I*2o DK PAGAN VI22W 21/30 OK PA-AM VUM 31 Dac/2 Jan £3 BANK LINE EXPRESS SEMI CONTAINERS NORTHBOUND TO UKC TAUSALA SAMOA VUN MORAYBANK V4N CLYDEBANK V22N SPOKE ROAM HULL HBM 30/12 23/1
      319 words

  • Page 24 Advertisements
    • 1196 24 K LIFIE SHIPPIfIG CIPITfI ATLAfITIC COAST (Round-The-World Service) RAINBOW BRIDGE VlO NEPTUNE GARNET Vl2 •PK/PNG SPORE SM II Dec 19 Dec 24 Dec NYC HFX 23 Jan 27 Jan 30 Jan 2 Feb PACIFIC SOUTH-WEST FEEDER VSL 'PK/PNG SP MOTHER VSL LA/LB OAK CHICAGO NEW YORK RAINBOW BRIDGE VlO Ski
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    • 666 24 'M INDIA EXPRESS CONTAINER SERVICE Accepting FCUFCL Container* LOTTI SCHEEL V.4-1 2 Oac Cjicwtt»Ma#»t THCOOOR FONTANE VIJN aOk SS^TTr,i Jfl PRELUDE V.H 2S Dae j^ZTr 10. TRIPURA V 33H i Jan Oac Oac MUMai LOTTE SCMEEL V.JI U Jaa "Z 4 J»S cEmXZSL RAVI OAS VMM UiM Ij M s
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    • 725 24 GOLDEN LINE GUM GUAN SHPTWG (PTE) LTD S, TM Ayor StraM SINGAPORE 1104 TEL SMMI (U LINES) Fu U4BM STRAITS/PERSIAN GULF SERVICE: 601 KM HARVEST Cotanto/Karachi/Dutw GOLDEN LAND Cotanbo/Kinchi/Dutw CHINA SERVICE A VESSEL X inane, Stenftu. DAI TUN SHAN Qtnfdao Gil SHAN QinjcUo 5 (wt P K< l/M Jan iao
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    • 458 24 VA-J WS PHIU Oni€NT LIN€S PTC LTD HfA" FF'CE 63 ROD'NSON ROAD .07 SLIDING S'NC4PO B O'Ct *HF» PS ;»7?o PHIII fAi i:wb iZHEEjoZ DUBAI DAMMAN KUWAIT. DOHA. MUSCAT. BAHRAIN. AW OHAM I SHARJAH JEOOAH. MODE 10 AH AQAIA N KONG KOBE KEELUNC. MANKA. BANGKOK. TOKYO. COLOMBO. KARACHI. BOMBAY EAST
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  • Page 25 Advertisements
    • 694 25 NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE. LTD. FE EU/AUST TPA/SEA Tarniinjl CFS BOOKINGS *****53 27*741 *****22 *****53 27*111 ***** M 27KU 27M1M NEPLINE SON. BHO. 9HW INWARD/OUT*ARD NEPLINE SON. BHD 2****** ENQUIRIES 271 TIM NEPLINE SON. BHO. Um&/f27W*imii27U2 NEPLINE SON BHD. 2MBM/2M841 n U T Jl rr Tm T*
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    • 517 25 HEUNG-A SHIPPING Korean Flag Vessels 1 SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG, PENANG. BUSAN, INCHON Vmml'l Nam* M Entarpris«/715N No t Donam/712N No Donam/7UN No I Donam/710N Gloria/721N No 7 Donam/711N No 9 Oonam/KIN M Enterprise/71iN ETD IS BKK 21/11 0102 07IU 1102 13/12 2VU 23/12 04/01 21/12 0M)1 30/12
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    • 765 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. KELANG MESSRS HA I THONG SHIPPING 127 Paw* Strwt Prune muyw C*Mes JAYAPOH PENANG. T* 6Z2944/*****/
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    • 24 25 xa rt ff, 4 <1 MADJU SENDIRIAN BERHAD ?0-1< Tonq Ftiq Buiulincj Singapore 0 106 Tel PPSP7B7 3 REGULAR VESSEL SERVICE TO BELAWAN WEEKLY
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  • Page 26 Advertisements
    • 282 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 <30 Lmes> fAX *****39 *****76 TELEX RS ***** A B SSCVA RS ***** A B SSCAD VE.B DEUTFRACHT/SEEREEDERE I ROSTOCK INTEGRATED FULL CONTAINER SERVICE **(A COLOMBO Accepting orgs tor INDIA Bombay. Coditn, Madras 1 Calcutta "VIA LARNACA: Vajtw cargo for Lattakia, Piraeus,
      282 words
  • Page 26 Miscellaneous
    • 168 26 IL < 5. > 1 r A 7 oi tl 9 s A ft *s sp K< S 20* g i£ ts SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND R Thunderstorm Temperature C X\ V Shower Weather —V Wind direction with speed m knots Rain Cloudy
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  • Page 27 Advertisements
    • 619 27 VI l.Eisr J MONCKCMC STWAItS Hongkong Singapore Sailed 22/12 P.Klang Ponang MV. SCNWA MAJtU V.IA Sailed 22/12 MV. aSO MARU NO I V.3A X/ 12 31/12 MV. ORIENTAL RUNNER V.2SA 3/11/1 SHIBUSAWA MEISHIN I N.T.Y. TPTN CO. PTE. LTD., 143, Cecil Street, #11-04 GS Building S port OlOt TEL: 223*22
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    • 745 27 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. IRAQI LINE I««qi to* ■iRiTiHf Tdiasfoir MV SINDBAD W ALRA2I MV BASRAH MV lACHOAO EAST BOUND SERVICE ETA SPORE LOADING FOR a/1 Japan 3/2 Japan WEST BOUND SERVICE ETA S TORE LOADING FOR 30,12 Jadtfah. Ayba 10/1 JaMah. Apaba THROUGH B/Ls to BAGHDAD UPON
      745 words

  • Page 28 Advertisements
    • 613 28 KINK-LINER SMII'I'IN(i PTK LTD Shenton Wi <, '4 0?C Wmn i Hou v e S pore 0?07 TFi i I Wr (f» Lines) TIX RS .\>Ml fllN[R FA* 22i:** EI'ROPE SERVICE 1 II II IS is FAR EAST SERVICE rri iil'i'-11 «i»T ffl II II 2 m ufl in w
      613 words
    • 345 28 ZIM FULL CONTAINER SERVICE accepting FCLJLCL cargoes to USA East 4 West Coast. Carribbean.East Canada, HAITI. All' ACCEPTING CARGO TO ADELAIDE VIA MELBOURNE AND ALSO FCL TO I ZIM EIUT CONTAINER UNE ETN Z7/12 111/1 11/12 112/1 \j Jtl i GOLD STAR LINE GOU) ORU Abtdjan/Apapa/Lagos/Cotonou I Port Harcourt/Douala/Tema/Monrovia/Lome 9/1
      345 words
    • 457 28 Evereti Lines i m TW3PI COMPANIA PERUANA de vapores 8 "PERUVIAN STATE LINE" <• K LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHE& 1* 0 1 Stncapore P. Ktlii** Gdn. Kl9/20 Dec--9/11 Jan MANOLOEVERETT MURRAYEVERETT PREFERENTIAL BERTH IN CALCUTTA AT KPO CALL SUBJECT TO INDUCEMENT. P S SINGAPORE FAX NO.SSS4K
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  • Page 29 Advertisements
    • 336 29 ahrenkiel liner service CONTAINER A LCL SERVICE TO PORT LOUIS DURBAN WESTBOUND ALS RELIANCE VWW 19/12 XVI 2 06/01 ALS ENOEAVOUR VS7W 30/12 11/01 16/01 MERCHANT PIONEER WW OMI 17/01 22/01 AocipUng CorKiintu lor JohtnottbufQ, Miliwi ind Zifnbtbwc ■too muuaftknQ LCL to Port Louts and Durban breakbulk/contamers FROM RICHARDS BAY,
      336 words
    • 537 29 vm m.'MLWiJTSI Alto Accafrting FCL Containar* for Charlaston, Miami, Tampa and US Inland Points FCL only accaptatoU faodorinf via Baltimore Arnnts M Sii«apara: Malaysia SEGANI SDN BHD PS KIM SHIPPING 4 TRADING PTE LTD SUBANG JAVA: Tal: *****2S lie MA Xltt Cl 3 Tal S3S27M Tl*: KIMTRA IK ***** Fu:
      537 words
    • 343 29 k L I CONSOLIDATION SERVICE FROM: SI NGAPORE/P.KELANG PORT LOWS AUSTRALIA COLOMBO HONGKONG BANGKOK KEE/KAO OSA in ii MARITIME TRANSPORT MANAGEMENT PTE LTD UAH SEMC NIN 20-22 Ok Part KoUn* Bolawan DONC TUNG a-M Dk Bombay SABANA SATU 22 25 Ok KK, T»w»u Cargo Bookings T«l: *****00 Tlx: ***** MTMSEA
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  • Page 30 Advertisements
    • 229 30 Hai Sun Hup Co (Pte) Ltd I l?n l most T1 X MS ??ofcl RS /0b72 fc. \s| |<\ \|< I I\ I K 111 IMLINTERMARmME SOUTHERN AFRICA SERVICE VIA MAURITIUS A REUNION KX snot PK PL REU DSN CT VEIOS I V7T MM 111 Port SaiM 1/1 10/1 •AM
      229 words
    • 463 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE Cnwctm vsi ATI. COW ASS KOtLAW ATI ATL CAST IW STUOCART EXP Bf I JUTIANOtA ¥471 RED. DELFT V4M GULF Savannah, mm 0 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) \v EXPRESS SEM-COWTAWER SERVICE TO mj7Tir. i:. r m SPORE
      463 words
    • 249 30 if m jS /nTTTTTI LCL WEEKLY SERVICE TO: WEEUm 88/12 HAM/MM 11/12 BANGKOK 11/12 MTTBKBAM 18/12 MNHMG 22/12 TtNRY 18/12 FRERMNTIf 18/12 SYB/MOB 28/12 ADELAIDE 18/12 (transit ttmo 12 (teys) WEEKLY CONSOL. SERVICE FROM GERMANY CON-CARRIER 49/17 CON-CARRIER 50/87 ETD GERMANY ETA S PORE 1/12 21/12 1/12 21/12 LCL SERVICE
      249 words
    • 653 30 w mm CALL US ATr P. KELANG <*****3/*****1 PCNANG /«0H8122/4. *****3 J BAHRU r (07-241M1 P. GUDANG <07-*****3, *****5, *****0, SINGAPORE 4X2 *****22 K. LUMPUR *****H WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDEB wi.iii.y'A ice ii 3Ej rrr* I. but am m> OTHER DESTINATIONS AANHUS. AMSTERDAM. ANTWERP BASU, BREMEN
      653 words