The Business Times, 22 December 1987
1987-12-22
1
30
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The Business Times
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Title Section11 1987-12-22 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, DECEMBER 22, 1987 75 CENTS11 words
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Article150 1987-12-22 1 Overseas markets Monday HK Hang Seng Index 2278.13 97.67 Tokyo Nikkei Average 22,956.84 129.87) Sydney All-Ordinaries 1250.7 (+10.5 Friday New York (Dow Jones) 1975.30 50.90 London (FT 30 Index) 1377.8 (+11.2 noon.- Exchange rates US$: 126.75/85 yen 1.6280/90 DM SS2.0040/50 US$1.8295/8300 M$: SS0.8026/33 Simex Euro-$ (Mar) 92.33150 words
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292 1987-12-22 1 AMY BALAN - By AMY BALAN AN INDICATION that trading conditions in the stock market have returned to normal was given by Singapore's two leading unit trusts' managers yesterday. Both General Investment Management (GIM) the manager of Shenton Growth fund, Shenton Thrift Fund and Japan292 words
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Article337 1987-12-22 1 THE STOCK Exchange of Singapore (SES) is proceeding with its new brokerage commission scheme despite the "thumbsdown" from its counterpart in Kuala Lumpur. BT understands that the SES is likely to implement the graduated commission rates early next year. When contacted yesterday, an337 words
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Article, Illustration474 1987-12-22 1 CORRINA LIM - Market rallies to close 34.85 points higher By CORRINA LIM SINGAPORE STOCK prices rose sharply yesterday in active trading. lending further credence to the belief that the market is on the road to recovery. Analysts said that prices surged as buyers had to pay the asking474 words
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Article, Illustration318 1987-12-22 1 AN AUDITOR who pleaded guilty to making a misleading statement in his audit report on a Pan-Electric subsidiary was sentenced to two months' jail by a district judge yesterday. However, James Tan Giap Hong, 38, is appealing against the judgment handed318 words
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227 1987-12-22 1 THE AMERICAN CURRENCY sagged yesterday in Asian currency markets as doubts continued about the commitment of the US to support the greenback, dealers said. Sentiment remained bearish due to a persistent belief that the US will let the US dollar fall in an227 words
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151 1987-12-22 1 Reuter FOUR SWISS banks led by Credit Suisse are making two loans totaling 155 million Swiss francs to the Bank of China to finance the purchase of Swiss equipment for a major power plant in Shanghai, Credit Suisse said in a statement yesterday.Reuter - 151 words
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Article69 1987-12-22 1 AFP THE PHILIPPINE ECONOMY is expected to grow faster in 1988 at a rate of 5.1 per cent against 4.5 per cent in 1987. Private Development Corp of the Philippines, an investment company in Manila, yesterday forecast that the country's GDP would go up by 4.9 per centAFP - 69 words
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Article59 1987-12-22 1 Reuter WALL STREET stocks were narrowly lower in early trading yesterday, with floor sources reporting some futures-related selling. Traders said profit-taking was a more significant factor. The Dow 30 index was down about four points at 1971 and declining issues held a small lead over gainers inReuter - 59 words
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481 1987-12-22 1 AFP THE JAPANESE government is to seek steady increases in economic assistance to developing countries and national defence spending in the fiscal year beginning in April, according to official sources. Prime Minister Noboru Takeshita indicated yesterday that the government's fiscal 1988 budgetAFP - 481 words
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Page 1 Advertisements
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Advertisement118 1987-12-22 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM .Your voice turns me on. And off! ik o m A voice activated micro-cassette Business-confer from Sony, featuring:•VOR (voice-operated recording) brings hands-free operation *H (High):Voß operates at small sounds L (Low): VOR operates at bigger sounds OFF Normal recording only Fast playback. Listen to118 words
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Advertisement379 1987-12-22 1 Full report, Pag* 16 Regional marfcata, Paga 18 A Hart act to follow FORMER US Senator Gary Hart shocked friends and ex-followers when he recently announced his decision to re-enter the Democratic presidential race he quit in May over allegations of an extramarital affair with a 29-year-old model. Politics-watchers and379 words
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Advertisement102 1987-12-22 1 Exclusive SES interview V.v L THE CHAIRMANSHIP of Tan Chok Kian on the Stock Exchange of Singapore has been marked by great change. The SES chairman talks to BT about the achievements in his first year and the challenges ahead. Turn to Pag* 12 for the exclusive interview. z 2*35102 words
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Advertisement20 1987-12-22 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Shipping Timet comes as a separata section today. Make sure you get your copy.20 words
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HOME NEWS
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499 1987-12-22 2 TONG SUIT CHEE - By TONG SUIT CHEE THE WORLDWIDE MERGER of the Swedish Asea AB Group and the Swiss BBC Brown Boveri Group will not affect their Singapore operations, although the merged group intends to close about 100 companies and factories within the new organisation. Mr499 words
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275 1987-12-22 2 WILLIAM CHIA - By WILLIAM CHIA AN ADVERTISEMENT placed in The Straits Times yesterday by a bank offering the services of its retrenched employees attracted good response. A spokesman for the Standard Chartered Bank told BT that its personnel department was kept busy with telephone275 words
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Article204 1987-12-22 2 SINGAPORE AIRLINES' second Airbus A3lO-300 will arrive today from Toulouse, France. The airline's first A3lO-300 was delivered in July. Including engines and parts, the two planes cost about $345.5 million. The wide-body twin-engined aircraft is part of an order SIA placed in May last year204 words
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Article41 1987-12-22 2 IN OUR FEATURE article yesterday "Out of his Shell and into law practice", it was said that the Shell Lunchtime Theatre was a daily occurence. This is incorrect. Performances are held every Friday. We apologise for thfe error.41 words
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Article35 1987-12-22 2 MR CHANDRA DAS. the Member of Parliament for Chong Boon, will ask at the next meeting q1 Parliament how the stronger Singapore dollar has affected the economy, especially new investments. exports and tourism.35 words
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Article, Illustration217 1987-12-22 2 JAAP SLOTEMA has been appointed general manager of the Singapore operations of Algemene Bank Nederland NV. Mr Slotema, who has been in Singapore for the past two years as deputy general manager, takes over from A B Oikken. Mr Oikken will leave shortly for Sydney to assume217 words
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Article, Illustration446 1987-12-22 2 RICHARD SEAH - By RICHARD SEAH FOR SOMEONE who has written more than 6,000 songs, what's another? Big deal that Indian spiritual leader Sri Chtnmoy composed a song about Singapore the day after he arrived here, this reporter thought. When lyrics of this new song were distributed, it did446 words
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Page 2 Advertisements
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Advertisement207 1987-12-22 2 rt p or< O fun Pulj «pe i; on Cltri j+»naj Ev C U/f pr a ii a* a* »>v v* r-> im «v V> -2£ «c «f vV r£*r; NV« C N v<? *?< r.v *r< VS«Q»--V > s V* *_V as >45 ■m. 3*r. •K* >?r :••-,< -\V207 words
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Advertisement118 1987-12-22 2 Business Quiz winners TEN PARTICIPANTS of the Businessman of the Year Business Quiz will each be $500 richer this Christmas. The winners, who will be notified by post, were picked from among 43 people who had submitted correct entries. They are Ms Ong Lee Wha, Mr Toh Heng Wah. Mr118 words
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ASIA-PACIFIC
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270 1987-12-22 3 AP VIETNAM'S Communist Party said in a communique that acute economic problems remain and the average per capita income has fallen in the year since reformer Nguyen Van Linh became .party chief. Mr Linh led the self-criticism at the party central committee s fourthAP - 270 words
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498 1987-12-22 3 AP A PAINTING of Mother Teresa, the Nobel Peace Prize winner who gives shelter to the poor and homeless, brought the top price on Sunday night at the first auction ever conducted in India by Christie's of London. More than 500 members ofAP - 498 words
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104 1987-12-22 3 AFP CHINA has imported more than US$25O million worth of secondhand equipment since 1983 to counter its currency shortage. The same equipment would have cost US$l.2 billion if they had been bought new, the China Daily reported on Sunday. They include production-line machinery, precision instruments andAFP - 104 words
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617 1987-12-22 3 LAST WEEK'S presidential election in South Korea has cleared up many political uncertainties, but the country's booming economy is still expected to slow down in 1988 due to increasing export difficulties and simmering labour unrest. The surprisingly big win by government candidate Roh617 words
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207 1987-12-22 3 AP THE KOREAN Finance Ministry yesterday announced tariff cuts for 194 items effective on Jan 1 in a move to ease trade friction with the United States. Ministry officials said the tariff reductions, averaging 23.6 percentage points, are designed to facilitate US exports toAP - 207 words
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Page 3 Advertisements
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Advertisement276 1987-12-22 3 The most effective decision you ever made in today's competitive W business environment, the f difference between success and failure is often measured by how well organised we are. And how well we stay organised. Which is where our Seven Star Personal Planner is designed to help. Much HK more276 words
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Page 3 Miscellaneous
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Miscellaneous136 1987-12-22 3 \SMMJ m vs/'iL Max/ Not* Mln (°C) 23/13 Fine 11/08 Cloudy 13/07 Rain 24/18 Cloudy 29/17 Folr 30/24 Cloudy 06/-4 Cloudy 19/13 Rainy 06/01 Cloudy 09/07 Rain 18/14 Cloudy 12/09 Cloudy 30/21 Fin* 12/04 Cloudy 26/14 Clear 18/12 Cloudy 05-02 Cloudy 20/14 Cloudy 26/16 Clear 02/02 Cloudy 08/07 Cloudy 31/24136 words
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Miscellaneous73 1987-12-22 3 Doonesbury THE HOUS6 OF LOWS* our House OFLOKPSr I THffTS Rf6HT' AH FLYING IN 70 HEAP OFF THE umr exas&s OF7MTCH&QSM! r m m '<! 4 V :;F rLideo&Tm we Decisive WTBONAKBYTAX PILL. BY THeTJMB Me FINISH REVISING IT, THe BUjeBLOOPS tUILL BB DONG SWAN BVBS OFFOFBt6BeN! s 0 hHk73 words
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Article886 1987-12-22 4 ARRIVALS Operator S*rvk* Local From oumb«r time MAS MH811 0910 PEN MAS MH671 0920 KUL SU SQ103 0950 KUL AC AC858 0950 YYZ/LHR/BOM CAl CI806 1000 CGK CPA CX710 1015 CGK MAS MH603 1020 KUL RBA BI421 1100 BWN GiA GA960 1100 CGK SU SQ105 1105 KUL886 words
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REST OF THE WORLD
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Article613 1987-12-22 4 Government shutdown averted AP THE US CONGRESS has approved an emergency spending bill to prevent a government shutdown yesterday while officials worked to put the final touches on measures to provide money to Nicaraguan rebels. Law-makers negotiated late last Sunday night with President Ronald Reagan's topAP - 613 words
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422 1987-12-22 4 AFP THE SOVIET UNION'S law on company self-financing goes into effect in one week's time, but no-one seems prepared for the drastic reform termed "crucial" by party officials. Plenary sessions of party, union and youth organisation officials with appeals to prepare for the "newAFP - 422 words
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110 1987-12-22 4 AP UNDER GLASNOST. a Muscovite should be able to pick up the telephone and call a government agency, but he now has no easy way of getting the number. Moskovskaya Pravda newspaper complained last Sunday that the Kremlin's policy of greater openness doesAP - 110 words
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238 1987-12-22 4 THE OCTOBER stock market crash has prompted a recession in New York that will last until at least late 1988, erase as many as 71,000 jobs and cut projected city tax revenue by up to US$2OO million, a business magazine says. "Wall Street238 words
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288 1987-12-22 4 Reuter THE US BUDGET DEFICIT, after falling significantly in fiscal 1967, is likely to climb sharply in the current 1968 fiscal year, the Conference Board has predicted. The American business research group said yesterday that the deficit, which wasReuter - 288 words
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Article183 1987-12-22 4 AFP THE UN Security Council will next month discuss a possible arms embargo against Iran following Teheran's failure to implement a UN-sponsored truce in the Gulf war, a senior British envoy said in Kuwait on Sunday. Mr Oavid Mellor, Minister of State at the ForeignAFP - 183 words
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785 1987-12-22 4 Reuter AS CHRISTMAS skiers .across Europe head for the Alpine slopes, a debate rages Jn the valleys tfelow on the environmental consequences of a favourite Swiss pastime. Downhill skiing may be -fuii* but -environmental ists say it upsets the delicate balance between Alpine flora andReuter - 785 words
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Page 4 Advertisements
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Advertisement384 1987-12-22 4 MWAILYOURJOURNEVS BE AS PLEASANT AS HE SEASONS GREETINGS FROM ALL AT AIR CANADA Focus, Pag« 9 If you think a quiet dinner for two on Christmas Eve in any of the restaurants Tenderloin of beef roiled with Chinese black mushrooms and green leafq jj down Orchard Road is a terribly384 words
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Page 5 Advertisements
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Advertisement320 1987-12-22 5 Hopefully, information technology will be commonplace a decade from mm. In the meantime, here's an example of how it can boost our economy: %> ti < i HB3U Introducing the new Mercedes-Benz S-Class. When you turn the ignition, key of your new S-Class in the morning, something remarkable happens under320 words
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COMMODITIES
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504 1987-12-22 6 Reuter CHOCOLATE MAKERS are enjoying a bumper year as low cocoa prices bring higher profits and sales. Trade analysts also see signs this Christmas that the solid chocolate bar may be making a comeback, after a period when cerealfilled bars took more of the market.Reuter - 504 words
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Article75 1987-12-22 6 THE DOWNWARD movement continued yesterday. Crude and products all showed weak tendencies. Most Asian markets were quiet and weak, hoping that New York would strengthen. USS/barraJ Chang* Duboi (Jon) 13.90 -0.12 W#it T«xos lntsrm#<i}ot®, WTI (ion) 13.44 -0.42 Products (FOB S'pore) USJ/borr«l Chang* Ktfonna 22.35 -0.05 Goioil75 words
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Article270 1987-12-22 6 Crude palm oil futures closed limit up for nearby months yesterday while spot month soared Ms9s a tonne to close at M 51,121 a tonne, the highest recorded this year on the Kuala Lumpur Commodity Exchange. Crude palm oil price* closed firmer on strong buying interest, aided by270 words
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Article361 1987-12-22 6 HONGKONG: Gold closed a shade lower in exceedingly dull and thin trading in the absence of fresh factors yesterday. Gold held within tight ranges throughout the day after a weak opening, and attracted only light buying interest towards the close when European centres opened. Sentiment was cautious as361 words
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Article124 1987-12-22 6 SINGAPORE The rubber market closed slightly lower with January One RSS buyers quoted at 217.75 cents/kilo, down 0.50 cent from last Friday. MALAYSIA Prices were mixed yesterday, reflecting an absence of fresh news and overseas forex market directions. January International Ones RSS buyer closed half a cent higher at124 words
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Article93 1987-12-22 6 TIN PRICES on the Kuala Lumpur Tin Market eased six cents from Friday's dose to M 516.96 a kg after a very quiet trading sesalon yesterday. The easiness reflected lack of buying interest as most operators had already met their requirements ahead of the Christmas-New Year holidays. Volume93 words
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Article194 1987-12-22 6 Chinese Produce Exchange SoNors door doling pHcoi on Doc 21 (SJ/100 kg) Coconut oil Mk FOt 103.00 Old drum FOt 113.00 Now drum FOt 117.00 Copra Mixed (looto) 58 Pepper Muntok «M* FOt NLW 1210.00 Sarawak w+Wf® FOt foq NtW 1195.00 Sarawak tpodaJ black FOt NtW 860.00 Sarawak194 words
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Article236 1987-12-22 6 RAS prices in 8 conta/kg, FOB In bmkm B NOON CLOSE Buyon S#U#ft fciyori SeHen Int 1 RSS Prompt 219.50 220. SON 219.00 220.00N Im 1 RSS Jon 88 218.25 ***** 217.75 218.25 Int 1 RSS Fob 88 216.75 217.25 216.25 ***** In* 2 RSS OP 216.50236 words
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Article78 1987-12-22 6 IcMt/kg, l-*on poHan) JANUARY 88 FEBRUARY 88 (currant month) (forwoi ■d month) RAS NOON Bvywcs Sflitn NOON SS* 30 223.00 225.00N 223.00 225.00 ssi so 221 JO 223-50N 221.50 223JON 1 dl:l S»4Wc» SMI CV 276-50 278.50N wytn 277J0 Silin 279JON SMI I 276.50 278-50N 277JO 279JON78 words
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Article233 1987-12-22 7 Reuter ■RECOVERY in the Canadian oil industry is once again threatened by a sharp slump in international oil prices but analysts believe companies are in better shape to weather a downturn this time around. Following conclusion of the latest meeting of the Organisation of PetroleumReuter - 233 words
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432 1987-12-22 7 Reuter COFFEE TRADERS have said it ;is uncertain if there will be another cut in the International Coffee Organisation (ICO) global export quota before Dec 31. As the deadline approaches, traders in Europe and the US are trying to guess whether conditions willReuter - 432 words
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166 1987-12-22 7 AFP INDONESIA plans to ship 20,000 •tonnes of rice to Vietnam this Imonth and another 20,000 tonnes Fiji in January. The official Antara news agency last Friday quoted the •chairman of the National Logistic [Agency (Bulog), Mr Bustanil Arilin, as saying that the exports shouldAFP - 166 words
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Article616 1987-12-22 7 NYT AMERICAN consumers will save billions of dollars next year and inflation will slow because of Opec's (Organisation of Petroleum Exporting Countries) inability to curb its members' crude oil production, oil industry analysts say. The price of crude oil on spot markets and in contractsNYT - 616 words
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201 1987-12-22 7 Reuter JAPAN plans to more than double oil import tax revenues in the year ending March 1989 to enable it to expand its oil stockpiles, an official at the Ministry of International Trade and Industry (Miti) said. The stopgap measure to levy theReuter - 201 words
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608 1987-12-22 7 AFP A YEAR THAT BEGAN with new unity within the Organisation of Petroleum Exporting Countries (Opec) and relative stability in the oil price is drawing to an end amid discord and fears of a new collapse in crude prices. After the 1986 'price war* thatAFP - 608 words
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Page 6 Advertisements
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Advertisement248 1987-12-22 6 1 a t L 3 9~p 138 <>6 ro \\> <e>&^V\ 13 Kv^ zs^-a' v ftccgy ii jWK^fcV ■*"•:>:£-•. '-f y •#fe^ XI 1 K—r ■gpj; IBF H? 1"V p!|| -J t: ■mJT* i# n 160 -I— I |=7 r--200 1_ «_c» ■«> *£> mm** «-.r? CI FINALLY, A SHOWROOM248 words
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Page 7 Advertisements
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Advertisement210 1987-12-22 7 The ultimate luxury isn't found on any assembly line. L I V < <• r t VOLVO H»Mir\ Ford made history as the man who invented the assembly liii'v Volvo may go down in histor\ as the company that abolished it You'll not find any assembly lin» at Volvos most210 words
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Page 8 Advertisements
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Advertisement50 1987-12-22 8 \TOP r. -1 I 4i Y> iitt r „v> s-wt? i. > *r i •Mi J£ I j a A j fif :"4 1 I if I MmmM wmbmm I ;k 7; ■P M- I I t: -3F: i m I .V 5* 1 K m ~&sp ■v;#f f •*>50 words
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FOCUS
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Article, Illustration932 1987-12-22 9 LEONARD SILK - Following the battering that the financial markets got this year, some private economic experts are warning that the danger has not passed, reports LEONARD SILK. According to the accompanying article, however, some governments are painting a rosier picture. LEONARD SILK NYT ALTHOUGH the securitiesNYT - 932 words
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705 1987-12-22 9 Reuter THE FINANCIAL CRASH of 1987 has so far failed to do much damage to leading industrial economies, say US government officials. Last Thursday brought optimistic statements from officials in Japan, West Germany and France to the effect that weak share prices and a dollarReuter - 705 words
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Page 9 Advertisements
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Advertisement212 1987-12-22 9 Results just ahead. The first stop on the road to results is a phone call to IBM. e'll ask you some questions about your business and about the kind of results you're looking for. Then we'll put you in touch with the IBM Authorised Dealer or System Remarketer we think212 words
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PERSPECTIVE
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Article481 1987-12-22 10 WITH THE EVENTFUL presidential elections behind them. South Koreans now face another equally daunting political test. Indeed, if peaceful, free and fair legislative elections are to be held on Feb 10 next year, the ruling Democratic Justice Party must sit down with the Opposition to discuss481 words
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Article, Illustration1791 1987-12-22 10 LORETTA McLAUGHLAN - Tan Chok Kian knew it was no easy task when he took on the post of executive chairman of the Stock Exchange of Singapore (SES) a year after the Pan-Electric debacle. The task ahead of him was daunting, with the Monetary Authority of Singapore1,791 words
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498 1987-12-22 10 QUESTION: Can you explain tha criteria for corporatisation? ANSWER: The main criterion of our scheme was guided mainly by the need, among other factors, to revamp and strengthen the existing member firms. By that I mean that at that time, at the498 words
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Article, Illustration859 1987-12-22 11 CHRISTOPHER HANSON - By CHRISTOPHER HANSON Reuter GARY HART, who stunned Americans by rejoining a Democratic presidential race he quit in May, is among the most perplexing figures in US public life. The former Colorado senator, 51, withdrew from the campaign after allegations he had an extramarital affairReuter - 859 words
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Page 10 Advertisements
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Advertisement168 1987-12-22 10 Roland is the name of a very versatile plotter Oo^mclnoii m wl Roland has many competitors, but very few can rival Roland's BHHBHi versatility: from accurate, vivid renditions of CAD-produced plans, to straight-forward, eye-catching, impressive and authoritative business graphics. Roland operates on programmes written for [Frfl ft HP plotter as168 words
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Page 10 Miscellaneous
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Miscellaneous712 1987-12-22 10 CRYPTIC PUZZLE ACROSS 3 Supporters of soma systems (5) 8 Just the chap to steal some wine? (5) 10 Land in hospital yearly (5) 11 Desired by Ted to be pale and sickly* (3) 12 Ran me ragged in France! (5) 13 Wise men with some call to be wonderful712 words
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Page 11 Advertisements
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Advertisement578 1987-12-22 11 Its like having a good personal diary wherever you go. Only you wont have to flip pages, scribble lines here and there, and-worst of all-search for loose slips of paper with important reminders. These pocketmate-cum-calculators have other surprising new functions, too! All brought to you by Sharp, the world's leading578 words
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Page 11 Miscellaneous
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Miscellaneous1233 1987-12-22 11 to sm mm Dustin Hoffman and Meryl Streep in Kramer »t% Kramer TUESDAY PREMIERE Kramer vs Kramer 10.30pm, Channel 5 An intensely moving film about a woman who walks out on her husband, leaving him to fend for himself and their son. When she later returns to claim the child,1,233 words
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MONEY AND EXCHANGES
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Article1730 1987-12-22 12 CURRENCY FUTURES OPTIONS Monday, Docof nbot 21, 1987 DEUTSCHE MARK (SIMEX) Jan M calla Low Safl Jan Hkfh 88 puM Low ftatt 56 57 5* 59 60 61 62 63 64 65 66 67 MINIMUM I S05A 405A 290A 203A 125 A 69A 32A 15 •A k 88 cad1,730 words
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Page 12 Advertisements
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Advertisement24 1987-12-22 12 The pen is mightier than the sword. .:-v.v.- 1 m *>■ P* m The historic document is signed. The pen is a Parker «k PARKER24 words
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BANKING AND FINANCE
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Article1004 1987-12-22 13 SINGAPORE: The US dollar closed lower against most major currencies on interbank selling in thin trading yesterday. Dollar sentiment was still bearish, mainly on a growing belief that the US wanted a lower dollar to correct its huge trade deficit. Adding to the dollar's bearishness was speculation in1,004 words
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Article, Illustration180 1987-12-22 13 Indicates the avaragt of ttw prim# tending nlti of 12 ma|or bonks In S'poro Interbank market rates (offer/bid) on Dec 21 US$ DM SWFC Yen 7 doyi 6 13/16—11/16 8 1/2 3/8 3 1/8 3 3/» 1/« 4 7/16 5/16 1 mlh 1/8 8 8 3/4 5/8180 words
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Article58 1987-12-22 13 THE OVERNIGHT rate on the Singapore interbank market fell 3/16 point to close at 1/16 per cent yesterday. One-month tell point, two-months 3/16 and three-months point. S$ Interbank rates at 7pm yesterday: Off€* M> Ovtrnigta 1/16 o 1 -monrti 3 1/4 3 l/j 2-moniti 3 5/16 3 3/1658 words
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Article339 1987-12-22 13 Asian market ASIAN DOLLAR deposit rates closed little changed from opening levels in quiet trading yesterday. Most operators were sidelined due to lack of interest in the absence of fresh factors. Short-dates firmed and 3/16 point at the outset reflecting a higher US federal funds rate but were little changed339 words
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Article81 1987-12-22 13 Treasury bills Period Issue Yesterday's closing Day's code Maturity KID OfFER HtGH LOW 3 months BQ*****X 17.3.88 3.33 3.28 3.21 3.15 6 months BS*****S 21.4.88 3.30 3.25 1 year BY*****T 24.11.88 2.45 2.40 V Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate81 words
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Article117 1987-12-22 13 Bernama BANK NEGARA's gold and foreign exchange reserves totalled M 518.4 billion in October, compared with Msl33 million at the time of the bank's establishment in 1959, deputy Finance Minister Senator Farid Ariffin said. Last year the reserves amounted to M 515.5 billion. in 1985Bernama - 117 words
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Article501 1987-12-22 13 BA MARCH EURODOLLAR opened sharply higher at 92.33 in Simex yesterday from last Friday's close due to falling oil prices and a stable US dollar. Profittaking saw the March contract backing off to the day's low of 92.27 before rebounding to close at 92.33. Currency futures opened sharply lowerBA - 501 words
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Article130 1987-12-22 13 Gold futures on Dec 18 100 troy ounces; USS per troy ounce Opon High Low s«m« D«c 483.00 484.50 479.00 479.80 -5.30 Jon 487.10 487.10 487.10 480.70 -5.70 F»b 88 488 80 488.80 482.10 484.00 -5.70 Ap< 494.50 495.00 488.20 489 90 -5.90 Jun 500.50 501 00130 words
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Page 13 Advertisements
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Advertisement151 1987-12-22 13 A commitment to the office of the future backed by years of experience? x, ;.v \k 4r t, *'*\V- HBLO* v.W w > *5 Getz has got it GETZ INTRODUCED THE FIRST OPEN PLAN OFFICE FURNITURE SYSTEM TO SINGAPORE IN THE EARLY *****. SINCE THEN OTHER COMPANIES HAVE COME AND151 words
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SPORTS & LEISURE
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Article, Illustration607 1987-12-22 14 AFP NO SOONER HAD "Iron" Mike Tyson beaten former Olympic gold medallist Tyrell Biggs senseless than his handlers were talking about the next defence of his world heavyweight title fight against ex-champion Larry Holmes in January. At the same time as Holmes was beingAFP - 607 words
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117 1987-12-22 14 Reuter SOUTH AMERICAN champion. Adilson "Maguila" Rodrigues boat veteran Spaniard Alfredo Evangelista by unanimous decision in a non-title 10-round heavyweight boxing match in Rio de Janeiro on Sunday. The Brazilian Rodrigues, ranked fourth by the World Boxing Council (WBC), had Evangelista under control virtually throughout theReuter - 117 words
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Article, Illustration520 1987-12-22 15 AFP THE INDIAN TEAM returned home beaten but far from disgraced despite the Davis Cup final scoreline which read Sweden 5. India 0 Sunday's two reverse singles, with only pride at stake, saw Anders Jarryd and Mats Wilander effortlessly beat Ramesh Krishnan andAFP - 520 words
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216 1987-12-22 15 AP ANDREY CHERKASOV and Vladimir Petrushenk of the Soviet Union won the deciding doubles match to push their sixth-seeded team past fifth-seeded Sweden. 2-1. in the finals of the Sunshine Cup junior boys team championships in Florida on Sunday. The Soviets, who also captured theAP - 216 words
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Article, Illustration299 1987-12-22 15 Reuter AMERICANS Nancy Lopez and Miller Barber set a tournament record total of 22-under-par 191 on Sunday and captured the US$B5O,OOO Sandy Bay championship team golf tournament. Barber and Lopez shared the US$5OO,OOO first-place cheque after posting a final-round 63 on the strength ofReuter - 299 words
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402 1987-12-22 15 UPI THE LOS ANGELES RAMS, one of the NFL's major disappointments at mid-season, last night resumed their push for respectability in a game against the Dallas Cowboys. "They are playing as good as any team in the league right now," Dallas coach TomUPI - 402 words
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239 1987-12-22 15 UPI THE AMERICAN TEAM contesting the Southern Cross Cup yachting races withdrew from the series yesterday because of allegations of cheating. The US decision came after the organisers of the races, the Cruising Yacht Club of Australia, announced on Sunday that it wasUPI - 239 words
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Article, Illustration530 1987-12-22 15 JAIME LYE - MUSIC By JAIME LYE I WOULD NEVER have thought it possible. You're too young to feel nostalgic about anything, I used to tell myself. In the first place, you've got a rotten memory. But that was before Saturday night, when530 words
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Page 14 Advertisements
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Advertisement909 1987-12-22 14 3* ts m v, > r> ***** MING COURT HOTEL HNGATOM DIAN XIN BUFFET I J r& w Our Dion Xin buffet lunch spread will also include authentic Cantonese cashes like Braised Beef Brisket in brown sauce, Red Braised Chicken in vinegar, Fried Black Fungus with shredded meat Enjoy rich909 words
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Advertisement278 1987-12-22 14 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* per table. Complimentary bottle of Hennessy XO. MENUn includes braised shark's fin with chicken sauce, braised abalone with green vegetables and sweet sour garoupa. Price:278 words
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Page 15 Advertisements
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Advertisement512 1987-12-22 15 Ci> -i. mm U> <■ M There's a cafe on a lush, green hi 11... where you-can take a break. Meet friends. Relax Make choices from the delightful international cuisine and Asian favourites. Prawn Mee, Nasi Goreng. Prawn Curry. Rahmschnitzel. Hainanese Chicken Rice. And much more. At Cafe in the512 words
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Page 15 Miscellaneous
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Miscellaneous97 1987-12-22 15 Play golf the Sevvy way 11 Peter Davits** >*l v-» TENS/ON a 1 TIGHT LOTS OF AMATEURS TEND ID GRIP THE CLUB TOO HARD y TEHSfON fxmmmti w v IX rr ;s like in K BOXING. IF TME BOXES IS TENSE HE WILL NOT BE ABLE TO PUNCH AS FAST97 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4358 1987-12-22 16 SHARE PRICES yesterday closed sharply higher in active trading but off their day's peak as late profittaking pared gains slightly. The market opened firm and forged ahead with buyers snapping up shares, from blue chips to secondliners. By midday, the Straits Times Industrial Index4,358 words
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Article262 1987-12-22 16 t 1 N 0 s •otw Kc 1 C 8 Ming C S 1 A M 8«a« u o r GanMn( Cold St Maaro Caraba O U E Pcxtwo Prima Rises 745 900 won 290 334 aurt 290 915 «lai 775 452 kn> 418 a Ml ara262 words
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Article4600 1987-12-22 16 SECTION ONE MDUSTRIAL ft COMMERCIAL Acma (1.15 6 1.22 S) (6) 1.15 1141 I 16 ID 1.14 (41 1 16 M) 1.17 (30 1 15 Amal Stool 50« 1121 6 1 22 S) HOD 122 189 123 (23 121 (7) 120 (23 1.24 1981 1234,600 words
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Article72 1987-12-22 16 HONGKONG TIN CORPORATION (MALAYSIA) Barhad: 4th AGM at the Conference Room, 57-2 Jalan Bukit Bintang, ***** Kuala Lumpur on Tuesday, Dec 22. at 11am. AMALGAMATED STEEL MILLS Barhad: 12th AGM at Room 506, 5th Floor, Wisma SPS, 32 Jalan Imbi. ***** Kuala Lumpur on Wednesday, Dec 23, at72 words
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COMPANY NEWS
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832 1987-12-22 17 MBT MALAYAN CABLES has plans to widen the scope of its activities in telecommunications services and is shopping for telecommunications companies abroad. Company sources say the company has to look overseas for acquisitions in this field to benefit from the latest technology in theMBT - 832 words
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167 1987-12-22 17 UNITED Overseas Bank's (UOB) earnings and net tangible assets per share will change slightly following its purchase of the shares in Chung Khiaw Bank (CKB) which it does not already own. In a circular to shareholders relating to the acquisition of the remaining167 words
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547 1987-12-22 17 CORRiNA LIM - Other smaller companies bide their time following market crash By CORRiNA LIM FUJI OFFSET PLATE Manufacturing Pte Ltd is going ahead with its plans for a listing on Sesdaq in spite of the October market crash. However, ceramic tile dealer Hua Tong547 words
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124 1987-12-22 17 Bernama ES UNITED PLANTATIONS BHD said yesterday that neither the company, its subsidiary nor associate company has submitted any proposal to purchase ailing Gula Perak Bhd. The company said this in response to a Kuala Lumpur Stock Exchange request for comments on a news report lastBernama ES - 124 words
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219 1987-12-22 17 MBT PARKSON GRAND, the new neighbourhood department store in Damansara Jaya in Kuala Lumpur, has a bright inviting look about it. It is part of the new Parkson chain consisting of high-fashion department stores, supermarkets, stores and mini-stores under the Lion group. Lion associateMBT - 219 words
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Article310 1987-12-22 17 Company RIGHTS ISSUE Ayer Hitom Tin Three-for-one $200 per share C 1 Holdings 27 million loon stocks in the ratio of $3 loon stock for every five ordinary shares held Duta Cons One-for-one $1 10 per shore F A C B One lor one $0 60 per shore310 words
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666 1987-12-22 17 MBT KAMUNTING Tin Dredging (M) is expected to be transformed into a corporate giant with interests in properties, finance and plantations following the completion of its Kepong toll rights exercise. Director Tiah Thee Kian told reporters this after the company's extraordinary general meeting (EGM)MBT - 666 words
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Article, Illustration157 1987-12-22 17 AFP THE HONGKONG Stock Exchange's new chairman Charles Sin is willing to close the British colony's stock market again if necessary. Mr Sin, who was quoted by the International Herald Tribune yesterday, said: "If it were necessary, yes. I would doAFP - 157 words
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Article279 1987-12-22 17 for Ok 22 Singapore Unit T h* Co*M*rc* 0 rust 87 0 ♦3 h* Sovingt Fund 0 76 0 81 por* frog Fund 0 35 0 3» por* S*c Fund 0 5V 0 63 'por* lnv*tt Fund 0 63 0 67 S'por* Equity Fund 0 41 045* Asia279 words
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Article72 1987-12-22 17 Company RIGHTS ISSUE N O I One-for-one $1 06 per shO'e toch rights will be issued together with on* tronsferobie subscription rights ITS!) having a $1 value rights Eoch TSI holder will be entitled to subscribe, during the neHt hve yeors. for further NOl shores at $1 OS72 words
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Page 17 Advertisements
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Advertisement102 1987-12-22 17 UCHIDA JAPAN S BEST SELLER! UCHIDA OFFERS FINE QUALITY AT AFFORDABLE PRICES 0 r 3 ii i UCHIDA CHECKWRITER PI 5 Single Currency PISN-Multi Currency EG-100 Electronic (High Speed) Of FICE DESK OFFICE CHAIR CUPBOARD FILING CABINET HOME/OFFICE SAFE KEY CASE COMPUTER DATA SAFE SAFE LOCK REPAIRS FIRE-PROOF CABINET VISIBLE102 words
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Advertisement341 1987-12-22 17 "i i Gol ten Phoenix Sichuan Restaurant A/Y^ Swiss A Continental Resta^rint X'm« Eve Gala Dirtier 1 $70+lj- per person ticlusive of 1 novel les and champagne. Enterl ainment by the strollers X'mt Day Set Lunch Time: 12 noon to 3 pm. $25+ i- per adult $16++ perched (unde 12341 words
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INTERANTIONAL COMPANY NEWS
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321 1987-12-22 18 More than 300 London staff laid-off Reuter US broker E F Hutton is likely to half the number of its staff worldwide. say analysts. The prediction follows a report last week that Hutton would be laying off more than 300 of itsReuter - 321 words
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Article209 1987-12-22 18 Reuter SHAREHOLDERS in Anglo American Corp of South Africa Ltd and De Beers Consolidated Mines Ltd have overwhelmingly approved a plan to give free shares to over a quarter of a million employees. Under the scheme, announced last month, Anglo American plans to offer aboutReuter - 209 words
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297 1987-12-22 18 Caledonian Airways Reuter OPPOSITION is growing among British government ministers to Scandinavian Airline Systems (SAS) taking over British Caledonian Airways (BCal), the British Sunday Telegraph newspaper has reported. It said Trade and Industry Minister Lord Young, who had been opposed toReuter - 297 words
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199 1987-12-22 18 AFP A PROMINENT Indonesian businessman has dropped a US$6 million libel suit against Tempo, the country's leading news weekly, opting for an out-of-court settlement. The lawyers for Proboeutedjo. the brother of President Suharto and chairman of a large business conglomerate, told the court in JakartaAFP - 199 words
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228 1987-12-22 18 AP THE SWISS PARLIAMENT has given final approval to a Bill making insider trading on stock exchanges a punishable offence, bringing Switzerland into line with other European countries and the US. The amendment to the Swiss Criminal Code was passed 136-1 by the National Council,AP - 228 words
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698 1987-12-22 18 Reuter POLITICAL pressure could mount on the French government to block the bid by Canada's Seagram for control of Martell et Cie, but the European Community may overrule Paris if it tries to step in, analysts andReuter - 698 words
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Article566 1987-12-22 18 NYT IN THE LATEST struggle to enable Pan American World Airways Inc to survive snother winter when traffic is low and cash is short, some managers and union leaders have put their hopes in being taken over by Mr Jay A Pritzker. the chairmanNYT - 566 words
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Page 18 Advertisements
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Advertisement619 1987-12-22 18 '-rr-TTTT v.* v."" s vv v vrvv vv t vv i 1 1 u. yj v j t? 'J.J f Tis The Season Before Christmas 19 December 1 January Ristorante Bologna Festive Buffet 12 noon 2.30 pm 19 December 1 January $35 (Adult) $15 (ChUd) tu. The Cricketer Christmas Fare619 words
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REGIONAL MARKETS
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Article215 1987-12-22 19 UPI MAZDA MOTOR CORP, Japan s No 3 motorcar maker and affiliate of Ford Motor Co of the United States, has named a former career bureaucrat as its new president, succeeding his ailing predecessor. The choice of Norimasa Furuta, 59, former official of the Ministry ofUPI - 215 words
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4005 1987-12-22 19 BULLS WENT on a rampage and share prices were chased higher for the swtfi consecutive session at the Kuala Lumpur stock market yesterday. Gains however were pared by a bout of late profit-taking. The advance was over a broad front and a wide spectrum4,005 words
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80 1987-12-22 19 Reuter AUSTRALIA'S anti-monopoly agency has temporarily halted media magnate Rupert Murdoch's proposed acquisition of a controlling interest in the Australia's domestic news agency and leading newsprint manufacturer. The Trade Practices Commission said in a statement it obtained temporary injunctions, until 500 GMT on Dec 24,Reuter - 80 words
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Article1541 1987-12-22 19 Hongkong SHARE PRICES ended sharply higher on the Hongkong stock marke yesterday, as strong technical support emerged after the Hang Seng Index breached the key 2,150 chart point last week. The Hang Seng Index surged 97.67 points, or 4.48 per cent, to finish at 2,278.13, while1,541 words
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106 1987-12-22 19 Reuter THE JAPANESE Finance Ministry will grant licences to run securities businesses in Japan to tour more foreign brokerages, it said in a statement. Fidelity Investments Brokerage Services (Japan) Ltd and Garban Ltd of the US and BNP Securities Ltd andReuter - 106 words
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Article505 1987-12-22 19 Reuter SHARE PRICES closed higher on the Tokyo market yesterday but concern over the dollar coupled with reluctance to act ahead of the Christmas holidays abroad pulled them off peaks. "The market is waiting to hear news about a G-5 or G-7 meeting, and when it will be," saidReuter - 505 words
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Article453 1987-12-22 19 Reuter DEMAND FOR blue-chip industrials and base metal miners saw the Australian share market close firmer in thin trade yesterday. Local investors were encouraged by Wall Street s 50-point rise last Friday and higher nickel, copper and aluminium prices. Trading activity was thin as investors took to the sidelinesReuter - 453 words
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Article164 1987-12-22 19 Reuter THE SECURITIES Exchange of Thailand Index rose 9.84 points to 287.31 on a turnover of 30,250,640 shares worth 1206.18 million baht. OCC tl BAHT 1Ao Kham Thai Ayudhya Invaatmant Bangkok Agro-lnd Bangkok Bank Bank CM Ayudhya 264 785 301 310 24 7 6 14 Charoong Thai Wire CableReuter - 164 words
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Article132 1987-12-22 19 DEC 21 WON Cheil Sugar ***** -400 Daelim lr>d ***** 150 Daewoo Corp ***** -►670 uaewoo Heavy Daishm Securities Dong Ah Ptiar ***** ***** ***** -600 -3200 -1100 Dong Suh Stock Dongbu Steel Gold Star ***** ***** ***** 1260 -400 -700 Hand Bank Hanil Cement Hankuk Glass ***** *****132 words
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Article99 1987-12-22 19 DEC 21 PESOS Acoie Mining Anglo Phil Apex Mining B 0 0550 0 0025 Atlas Con B 27 50 0 5 Baguio Gold B«»ic Petroleum 0 016 0 001 Benguet Con B 106 31 First Phil Hidgs 8 10 -03 Lepanto B 059 003 Marcopper 1 36 -ooa Marsteel99 words
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Page 19 Advertisements
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Advertisement503 1987-12-22 19 -> NOTICES THE COMPANIES ACT. CAP. 50 HUNTY ENTERPRISES (PTE) LTD (In Liquidation) a general meeting of NTY ENTERPRISES (PTE) LTD duly convened and held on the 16th day of December. 1987 the following special resolution was vaased: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to section503 words
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Advertisement464 1987-12-22 19 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF ART KEY PRODUCTS (S) PTE LTD (Incorporated In the Republic of Singapore) At an Extraordinary General Meeting of Members of Art Key Products (S) Pte Ltd duly convened and held at Tan Boon Llat Building, 315464 words
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Advertisement226 1987-12-22 19 IN THE MATTER OF THE COMPANIES ACT, CAP.SO BUILDER FOUR 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, 18th December 1987 at 11 a.m., the following special resolution226 words
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LATE FILE
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Article52 1987-12-22 20 AFP CRUDE oil prices fell back to their level of December 1986 early yesterday on the London market, after staging a technical recovery last Friday. Prices for North Sea Brent oil for February delivery dropped below US$l5 a barrel at U5514.85 against Friday sAFP - 52 words
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Article44 1987-12-22 20 Reuter SWEDEN has decided to sink foreign submarines violating its territorial waters instead of trying to force them to the surface. Social Democratic Prime Minister Ingvar Carlsson gave notice of the tougher policy in a radio interview yesterday. ReuterReuter - 44 words
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Article29 1987-12-22 20 Reuter TURKISH Premier Turgut Ozal yesterday announced a Cabinet of both familiar and new faces to grapple with pressing economic and other domestic issues. ReuterReuter - 29 words
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Article43 1987-12-22 20 Reuter HUNGARY yesterday said it would participate in the 1988 summer Olympic Games in Seoul, the first Soviet bloc ally to confirm it would take part. The Hungarian National Olympic committee would send 210 sportsmen and 90 officials. ReuterReuter - 43 words
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Article29 1987-12-22 20 Reuter MIDLAND Bank PLC shareholders yesterday approved the agreement for Hongkong and Shanghai Banking Corp to acquire a 14.9 per cent shareholding in the UK bank.Reuter - 29 words
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42 1987-12-22 20 Reuter THE Paris Club of creditor nations has agreed to reschedule Ivory Coast's official debt by allowing repayments to be stretched over 10 years, including a six-year grace period, the French finance ministry said yesterday. ReuterReuter - 42 words
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Article75 1987-12-22 20 COMEX GOLD futures held unchanged in extremely quiet dealings yesterday, with the key traders sidelined on the run-up to the Christmas holiday. After one hour of business, February gold was unchanged at U*****.00 an ounce after drifting between U*****.00 and U*****.10. Analysts said the market was dominated by75 words
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203 1987-12-22 20 UPI AS DISSIDENT STUDENTS continued their violent protests against the outcome of South Korea's presidential elections for the fifth day, the public prosecutor's office in Seoul yesterday warned that anyone spreading allegations of election fraud would be prosecuted. The warning said that those spreadingUPI - 203 words
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391 1987-12-22 20 AP Reuter INDONESIAN Mines and Energy Minister Subroto said yesterday the Organisation of Petroleum Exporting Countries (Opec) may call an extraordinary meeting if oil prices continue to decline. He told reporters that the oil cartel may take "corrective measures" to maintain its official priceAP; Reuter - 391 words
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120 1987-12-22 20 AFP TWO OIL COMPANIES, one British and the other American, were awarded contracts yesterday to explore for oil and natural gas in frontier areas in Indonesia, the state oil company Pertamina said. Britoil Indonesia Ltd and Amoseas Indonesia Inc signed production-sharing contractsAFP - 120 words
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Article474 1987-12-22 20 LILY FERNANDEZ - By LILY FERNANDEZ BUOYED BY THE continued rise in external demand for its computer and telecommunication goods and re-exports, Singapore's exports went up sharply again in November. Exporters sold goods worth $5.8 billion last month, nearly 37 per cent higher than the same month last474 words
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201 1987-12-22 20 Reuter CHINA is setting up a business conglomerate reported to be backed by the crippled son of leader Deng Xiaoping which will donate profits to the handicapped. Foreign traders and diplomats said yesterday the China Kanghua Development Corporation was approved by theReuter - 201 words
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392 1987-12-22 20 AP A SEVEN-STOREY hotel yesterday set sail from Singapore on a 3,500 km voyage to open for business as a floating resort off the coast of Australia. The 12,000-ton structure departed aboard the Dutch heavylift ship Mighty Servant 2 for the 13-day trip. TheAP - 392 words
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214 1987-12-22 20 Reuter TAIWAN, facing mounting pressure from Washington for faster appreciation of its currency, will not allow a free-fall of the US dollar against the Taiwan dollar. Central bank governor Chang Chi-Cheng last Friday defended the bank's policy of buying US dollars toReuter - 214 words
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Page 20 Advertisements
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Advertisement269 1987-12-22 20 Presenting the latest look in leather from BMW. BMW 7' Travel-Set 7 magnificent pieces of luggage with burnished brass fittings in fine lambskin nappa leather—exuding the same air of luxury travel as the latest BMW 735 i. See this limited travel-set series now on exhibition only at Offenbach. 1 M269 words
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SHIPPING TIMES
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191 1987-12-22 21 AFP STRIKES and political unrest in November led to a 60 per cent fall in customs revenue at Bangladesh's main sea port of Chittagong, a Dhaka newspaper reported. The Bangladesh Observer quoted customs sources as saying that November revenue for Chittagong, about 210AFP - 191 words
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346 1987-12-22 21 JUNE LIM - By JUNE LIM BUOYANT trading conditions lifted container throughput via Singapore close to 2.2 million TEUs for the first 10 months of this year. Containerised cargo handled at the Tanjong Pagar Terminal and the conventional gateways grew by 18.9 per cent to346 words
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193 1987-12-22 21 THE FEDERAL Maritime Commission has decided to make member lines of the Trans-Pacific Westbound Rate Agreement justify the conference s decision to bar independent action once shippers have agreed to loyalty contracts with a steamship line. A host of shippers and193 words
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210 1987-12-22 21 Reuter THE JAPANESE Ministry of Transport approved a plan filed last month by Mitsui Engineering and Shipbuilding Co to cut its group shipbuilding capacity by 26.2 per cent by next March 31, a ministry official said. This follows the approvalReuter - 210 words
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PORT SIDES
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Article107 1987-12-22 21 LEADING Danish operator Maersk Line has confirmed that it will seek membership of conferences covering the trades from the US Atlantic coast and Canada to northern Europe. But the Copenhagenheadquartered A P Moller subsidiary revealed that it would trade as a conference outsider on the less107 words
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Article106 1987-12-22 21 AFP ALL 13 South Korean crewmen of a Panamanian freighter have been rescued by a Japanese patrol boat from their disabled ship in a rough sea north-east of Taiwan, the Japanese Maritime Safety Agency reported. The agency dispatched a patrol boat to waters 36km northAFP - 106 words
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1380 1987-12-22 22 Various options are being considered to stem the flight of Japanese-owned ships from the country's registry. Seatrade talks to researchers, union and government officials, on the problems confronting the Japanese industry and the options available. Seatrade WITH THE WORSENING of the economic climate, theSeatrade - 1,380 words
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Article768 1987-12-22 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 «/2 ARC line V 4 API III 2/3 Arrow lines IX 5 ASCI III768 words
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Article1204 1987-12-22 22 ACTIVE grain chartering from the US west coast to Egypt featured the freight market on Friday with further business also seen from the Gulf to the Continent, shipbrokers said. At least four cargoes of grain are reported to have been arranged from the US North Pacific to Egypt1,204 words
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540 1987-12-22 23 Lloyd s List TAIWAN has reacted vigorously to the Federal Maritime Commission's latest stand over alleged discrimination against US flag carriers at dockside in Taiwan and the problems US carriers have encountered in trying to establish terminals and other services. Politicians have alsoLloyd s List - 540 words
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408 1987-12-22 23 KINGSLEY WOOD - From KINGSLEY WOOD WOODSIDE OFFSHORE Petroleum has told Australian industry to improve its indifferent record in the supply and delivery of equipment or miss out on future work contracts for the North-West Shelf natural gas project. In a highly critical appraisal of the408 words
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Article274 1987-12-22 23 AFP OIL MARKET instability in view of Opec's failure to agree unanimously on a price and quota structure and escalation of attacks on neutral shipping in the Gulf led to "one of the most traumatic weeks that the tanker market has experienced for a considerable time", according toAFP - 274 words
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Article59 1987-12-22 23 Reuter AN INDONESIAN ship is believed to have sunk off the coast of Borneo with 55 people aboard, the Indonesian National Search and Rescue Agency said. The MV Binter, a 489tonne cargo and passenger ship, sent out a distress signal during a storm off the west coastReuter - 59 words
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201 1987-12-22 23 Reuter BARGAINING in the grain workers' strike that has shut one of Canada's two west coast ports resumed yesterday. Government mediator Mike Collins met briefly with the striking Prince Rupert grain handlers and Prince Rupert Grain Ltd, which operates the Ridley Island terminal. BothReuter - 201 words
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Article191 1987-12-22 23 Reuter MORE THAN 1,500 people were missing on Monday after a Philippine ferry crammed with Christmas travellers sank in flames late on Sunday in what could become the world's worst peacetime shipping disaster. Both the inter-island ferry Dona Paz and the Victor, a small tanker, sankReuter - 191 words
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8022 1987-12-22 28 aoaßGmß 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 of8,022 words
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Article1316 1987-12-22 29 AT CONVENTIONAL WHARVES Barth Arrival Departure KEPPEL WHARVES Do.yunshon K27 alongside 2512/2300 Straits Pr.de K2«€ o 24 12/0400 T-ode foir K29 o'ongside 2412,0600 *'"81 *32 oiongs.de 25I2O60Q Yuheng No 2 IC33 olo«gs«Je 26 12 1500 CS Ocnn KJ* olongs«Je 2612/0700 Trode fortune IC15 oiongs.de 27 12/2300 Eastern1,316 words
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Page 21 Advertisements
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Advertisement844 1987-12-22 21 TIMES •OOiS •>•?*••>* STP Distributors Tm»t Pubhahmg Croup OVHQEAS MMM UNE NORTH AMfcRICR ATLANTIC EXPRESS (ROUND IHf WORLD ROUTING* Jardines NORTH AMERICA CALIFORNIA PNW rtfST CANADA VOT SCP LBH CHTON NFK NYC HFX NEPTUNE GARNET ORIENTAL FKEHXM ORIENTAL FAITH ORIENTAL FRIENDSHIP 12 24/12 16/1 17 31/12 a/i i 7/1 an844 words
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Advertisement68 1987-12-22 21 WITH THE WORSENING of the economic climate, the flagging out of the Japanese fleet has gone full speed ahead, threatening the viability of the Sunrise fleet. Page II TAIWAN has reacted vigorously to the Federal Maritime Commission's latest stand over alleged discrimination against US flag carriers. Page 111 Index to68 words
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Advertisement393 1987-12-22 21 4 BALT-ORIENT LINE Baltic Shipping Co Raptor Services from South East Asia to Unitod Khfdom and ji I, t| ~,„l,| rWTn OOnunenTjl rOrTS Agent: Singapore Soviet Shipping Co Pte Ltd Tel; *****33 MAERSK LINE SINGAPORE/ U.S.A. END YEAR SPECIAL "LEXA MAERSK" VOT *M* Departure Tha Mtt Ar4d M Closing Time393 words
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Page 22 Advertisements
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Advertisement471 1987-12-22 22 0% COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO NORTH CONTINENT Mm acctptinf cargo to *11 U.K. destinations, Scandinavian (Aarhus, Copenhagen. Gothenburg) and othor European Inland points t W»sl African EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/ MARSEILLES 16 DAYS SINGAPORE/ BARCELONA (DIRECT) 17471 words
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Advertisement17 1987-12-22 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.17 words
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Advertisement425 1987-12-22 22 CHA RGEURS REUNIS f*. m i: i r.v: 3 ;i:3; i'i >:« tuv. m iTT» fJfSJ" J,W« "OTHER VSL MARSEILLE SITE POINTE-APITRE FORT-DE-FRANCE DECRAD-DEi CAN HE 8/u at iMMLu mm nm o*m mm mm A *SL mm CR LIBREVILLE 2MI 22/H tC IB MS ALSO ACCCTT CAMOO TO MAURITIUB. UMMOA.425 words
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Page 23 Advertisements
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Advertisement1108 1987-12-22 23 The Straits Steamship Group Mansfield Container Shipping PteLtd p&ocLm p&o Containers Limited <Y."ai'irri»:i ,ii; a;i»] S tan N'burf B'toMn R'<m um iw Mm ism nm i*m MI am am vm am mm «w« *n H Wl M UK 1W IMB Uffi W 11/02 2MB OK am am 2MB vm am1,108 words
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Advertisement425 1987-12-22 23 EUROPE i. i: ,H WF 7M 21.12 OJI OJI 24.11 OJI IF Ml lIJI MC MM MM MM IF M 2 2UI lI.C IU2 2LR 21M WF HQ MB? OJI MM MM EE 717 21.11 24.11 23.11 25.11 EE Ml 21.12 1112 17.12 11.12 EE M 2 Oil MJI 11.12425 words
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Page 24 Advertisements
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Advertisement432 1987-12-22 24 SE Hapag-Uoyd CONTAINERSHIP SERVICE TO UK/CONTINENT T«ta«a Bay Triuo Eiprtu Kaoioon Bay Frankfurt Eiprtu Ouka Bay City o» Ldiftburfh Urn Bay Hangtonf [ipriu Cardigan Bay Rhiiw Maru To* 10 Eiprtu Kowtoon Bay Banavon Osaka Bay Kitano Maru S'pert PK 23/12 24/12 a/u mi hi m 11/1 u/i 17/1 I*l 23/1432 words
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Advertisement632 1987-12-22 24 pi: *JuH» MM FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ Member ol the Ace Consortium FROM t'JROPE VIA SUEZ A Member of the Ace Consortium S'poft H.Kong Kjoshiung Buun Osaka Tokyo 25/12 1/1 2/1 VI 8/1 9/1 VI VI 9/1 12/1 IS/1 16/1 12/1 I*l 16/1 19/1 22/1 23/1 19/1632 words
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Advertisement351 1987-12-22 24 fA FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY OIRECT SERVICE TO COLOMBO: SAILING 25/12 1/1 LA'l;lAgAdil[3TT FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER A ISTANBUL U.S.A. PORT MORESBY, RABUAL, LAE KIETA, MADANG A KIMBE NOUMEA 23/1 SUV A/LA UTOKA 27/1 NEW351 words
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Advertisement1334 1987-12-22 24 i wi n w -wt EVERGREEN Full Container Service tound-The-World East Bound (FE/CARIB/USEC/EURO/FE) 27/1 j»/i 1/2 3/2 w w 0/2 w V 2 ui7 un m an m an m i tn m an EVE* GENTLE 23/12 27/12 a/12 30/12 2y EVCR GENTRY 11/12 4/11/11/1— U EVER CLEAMT/EVER GUIDE 0/11,334 words
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Page 25 Advertisements
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Advertisement630 1987-12-22 25 PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE VESSEL SEA DRAOON SEA HAWK MAJAPAHrr SIN JKT In Port 20/12 20/12 20/12 20/12 2S/12 30/12 2/1 H VESSEL VOY SEA FORTUNE $74$ BCTEORA 5721 SEA630 words
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Advertisement131 1987-12-22 25 ra stNORBUL NORBULK CARGO SERVICES LTD. REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK CONTINENT PORTS TO: INDIA 'PAKISTAN PORTS SPOPF MARATHON UNITFD AGFNC* PTE LTD TFL Kl PH S P VFO SMPG TPDG *1 7&J9M4 PK 36M101 PFMNG TAN'JONG MARINE SDN BHD T EL SABAH TRANSPAC KK t <<►131 words
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Advertisement560 1987-12-22 25 irm BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT I'HAVtN ROAM HAVM w an an an an an an v v m w v ua 1M I*3 a/7 an an an an an an www liO IS) w an an an EXPRESS CONTAINER SERVICE FRO* UK/CONTINENT HAH I HAVtN DAM560 words
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Advertisement647 1987-12-22 25 DJASAGETRI A Joint Europe Service Of: fX UIUBT* Uim f.T. 6ESMH LLOYD p.t. oaoooa* bbobbm• p.t. tobmw ilbyi A EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EOROPE ttUVOT SPORE HLtAO A'OMM*OMI M'WKMOn u. RotnANG/iaa tan in jh *3 ocuepteflm a-un ah z%£3r Ira l» s tub|«ct lo Inducement Atoo sccopMng cargo647 words
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Advertisement370 1987-12-22 25 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) i Spore P.Kelang Penary Bangkok HTONCYWA V23OW 22/23 OK 10/20 DK PAGAN VI22W 21/30 OK PAAN VUJW 31 Dac/2 Jan BANK LINE TAUSALA SAMOA VIIN MORAYBANK V4N CLYDEBANK V22N SPORE RDAM HULL 21/12 21/1 31/1 13/1 6/2 14/2 27/1 17/2 2S/2370 words
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Page 26 Advertisements
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Advertisement849 1987-12-22 26 k K"UnE SHIPPIfIG OPITfI ATLAFITIC COAST (Round-The-World Service) •PK/PNG SPORE LB CHLS NEPTUNE GARNET Vl2 Sid 24 Dec 16 Jan 26 Jan ORIENTAL FREEDOM Vl7 26 Dec 31 Dec 23 Jan 2 Feb •VIA FEEDER Ills NYC HFX 30 Jan 2 Feb 6 Feb 10 Feb PACIFIC SOUTH-WEST FEEDER VSL849 words
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Advertisement392 1987-12-22 26 Accepting LCL and South Africa contilrwlMd cargo** Dtract to NEOUOYD COLOMBO 4432F OSAKA HURU 4S7F HAYAKAWA MAftU 4235 C VAAL 4333 C S port I Durban P Eliz C.Town C Town Durban SM SM 29/12 1/1 w J»rd.n JARDINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAD #12-05 SOUTHPOINT, SINGAPORE392 words
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Advertisement754 1987-12-22 26 '/Ie INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* S.npo<x« P Ketone Penane Loi Mother Vs.l By Feeder By Feeder Mother Vsi By 22 OK Calcutta,Vadrai Cbo/Madrat/Cakutta lOTTE SCHEEL V 4 8 THEOOOR FONTANE V UN PRELUOE V 09 INDIAN COURIER V 77* S O TRIPURA V 33H LOTTE SCHEEL V3O754 words
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Advertisement765 1987-12-22 26 23, Tatok A y tr Street X SINGAPORE 0104 TEL STRAITS/PERSIAN GULF SERVICE: GOLDEN HARVEST Cotofnbo/KvtdWDyttt GOLDEN LAND Cotombo/Karadw/DuOai CHINA SERVICE Ml YUN SWAN Shanchai DAI YUN SHAN Qing&o GU SHAN Qinfdao GOLDEN LINE GUAN GUAN SHPPMG (PTE) LTD 3t3M (10 LINES) Fai: BOSM S port P Ketonj Panan| #10765 words
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Advertisement492 1987-12-22 26 PHIU OniCNT LIN€S PT€ LTD H£«D OHiCE 63 ROBINSON PCAD -07 12 A'RO AS ft BUILDING SlNCflfOßf 01CE THE* RS ?67?0 PMai f«* ??5567^ EAST/FM EAST FCI A LCI SBIVICE HA Wl Wl2 m. mki au mi w EAST AFRICA/MEDITERRANEAN *12, IVI OOTHMTMI DUBAI DAMNAN KUWAIT DOHA. MUSCAT. BAHRAIN. ABU492 words
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Page 27 Advertisements
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Advertisement749 1987-12-22 27 NEPTUNE ORIENT LINES LTD K umJEH'liiniMf iTi r TTT/'h NEPTUNE AGENCIES PTE LTD. EE EU/AUST TPA/SEA Terminal CFS BOOKINGS *****53 *****42 *****22 *****53 *****19 *****16 *****11 *****40 NEPLINE SDN BHD 360M7 INWARD/OUTWARD NEPLINE SDN. BHD *****33 ENQUIRIES *****44 NEPIINE SDN BHD *****5/*****0/*****1/*****2 NEPLINE SDN. BHD. *****0^***** at th« ACE Consortium749 words
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Advertisement374 1987-12-22 27 HEUNG-A SHIPPING Korean Flag Vessels DONAM SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG, PENANG, BUSAN, INCHON CEYLON SHIPPING CORPN National Line of Sri Lanka FULLY CONTAINERISED SERVICE TO COLOMBO ARABIAN GULF. RED SEA E C INDIA Motto Vessel S port Cte Fmdtr Vsl Hut Hod Jed Aqa L SBSL Srimani/SS 17/1374 words
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Advertisement711 1987-12-22 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. KELANC M/S HANDLING SYSTEM CO SON BHD No. 14 Jaian Cunph. Port Ketont S«tanfor, Malaysia Td711 words
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Advertisement21 1987-12-22 27 mux 4 MADJU SENDIRIAN BERHAD -20-12 Tonq Fng Building Singapore 0 106 Tel *****8/ 3 REGULAR VESSEL SERVICE TO BELAWAN WEEKLY21 words
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Page 28 Advertisements
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Advertisement261 1987-12-22 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 (30 Lines* fAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD Vtß DE UTF R ACHT/SEE RE EDERE I ROSTOCK INTEGRATED FULL CONTAINER SERVICE 'VIA COLOMBO. Acwptini cargo for INDIA Bombay. Cochin, Madras 1 Calcutta "VIA LARNACA:261 words
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Page 28 Miscellaneous
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Miscellaneous162 1987-12-22 28 Regional Weather < H I > 2 J M NS 'v> i 54 ***** SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. R Thunderstorm Temperature c X\ Weather —J Wind direction with speed m fr Y Shower Ra,n Wove height e Cloudy Sky Surface winds ore indicated by162 words
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Page 29 Advertisements
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Advertisement503 1987-12-22 29 SCHENKER WEEKLY LCL/FCL CONSOL. SERVICES TO VANCOUVER, TORONTO, MONTREAL (CANADA) SPORE VANCOUVER TORONTO MONTREAL HENKER 111 29/12 25/1/88 31/1/88 1/2/88 HANKER IV 6/1 1/2/88 7/2/88 8/2/88 HENKER V 13/1 8/2/88 14/2/88 15/2/88 HENKER I 20/1 14/2/88 20/2/88 21/2/88 StO THOMSON ROAD #ot-Q2 SIT COMPLEX SPORE 11» TEL: 2SS-Wll FAX: 23*4121503 words
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Advertisement679 1987-12-22 29 UNIPACIFIC TRANS. TRADING AGECY PTE. LTD. IRAQI LINE •4C S'a'f EAST BOUND SERVICE ETA S'POUE LOADING FOR MV SINDBAO HJ Japan MV AIRAZI 3/2 Japan WEST BOUND SERVICE ETA S PORE LOADING FOR MV BASRAH 30/17 JcdOah A«aba Ba(Mad MV BAGHDAD 10/1 Jeddah Aqaba Baftntad THROUGH B/U to BAGHDAD UPON679 words
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Page 30 Advertisements
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Advertisement362 1987-12-22 30 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** V I \s I I K R I I\ I K 111) CAR CARRIER SERVICE TO MUARA/KUCHING KK Loading at appropriated Berth P4-P5 IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS KK SPORE362 words
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Advertisement532 1987-12-22 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST AND FRENCH WEST INDIES B PERDU I V4H 21/12 KORRICAN V«H 21/12 JUTLANWA V 471 VI NED. DCLFT V«t 12/1 ATI. COMPASS KOELAN ATL. ATI. CARTIGR STUCCART EXP. Far Halifai. N. Tort 3* mm mw 0 COLUMBUS LINE REEDERE! GMBH532 words
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Advertisement271 1987-12-22 30 LCL WEEKLY SERVICE TO: KEH.UNG 30/12 HAM/MEM 24/12 BANGKOK 28/12 MTTBKBAM 24/12 HONGKONG 21/12 TUURY 24/12 FRBHANTII 11/12 SYI/MBJ 27/12 ADELAIDE 31/12 (transit tlm« 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY ETD GERMANY ETA S PORE CON-CARRIER 50/87 8/12 28/12 CON-CARRIER 51/87 15/12 4/1 LCL SERVICE TO CARRIBEAN PORTS ST.271 words
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Advertisement696 1987-12-22 30 zM CALL US AT; P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR 04-*****2/4, *****3 •07-*****8 •07-*****3. *****5, *****0, *****1 •02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE iUTLAHMA n dllft OTHER DESTINATIONS: AARHUS AMSTERDAM. ANTWERP. BASLE. BREMEN. BREMERHAVEN COPENHAGEN. HELSINKI. HALMO. OSLO. STOCKHOLM. UK P.KELANG 30.12 FROM696 words
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