The Business Times, 23 December 1987
1987-12-23
1
30
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The Business Times
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Title Section11 1987-12-23 1 BUSINESS TIMES MCI (P) 95/12/87 WEDNESDAY, DECEMBER 23, 1987 75 CENTS11 words
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Article158 1987-12-23 1 Overseas markets 7—day HK Hang Seng Index 2276.41 (-1.72 Tokyo Nikkei Average *****.02 (-215.82) Sydney All-Ordinaries A 267.8 (+17.4 Monday New York (Dow Jones) -1990.38 (+15.08 London (FT 30 Index) 1405.1 27.3 noonr -Exchange rates US$: 126.50/60 yen 1.6280/90 DM S$2.0010/20 £s US$1 8335/45 M$: S $0.8007/14158 words
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Article50 1987-12-23 1 Reuter WALL STREET stocks fell moderately in early trading yesterday following an unimpressed reaction in world currency markets to Congress's passage of a budget-cut plan, brokers said. The Dow 30 index was off six at 1965 while declining issues led gainers by seven-to-four. Trading was active. ReuterReuter - 50 words
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Article47 1987-12-23 1 AP NIPPONDENSO Co of Japan said yesterday it will build a car parts plant in Maryville, Tennessee, by July 1990 with a total investment of US$2OO million. The plant will produce US$l3O million worth of generators and starters for car engines a year. APAP - 47 words
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Article, Illustration313 1987-12-23 1 THE SINGAPORE stock market closed sharply higher yesterday in active trading piercing through another resistance level. Strong buying interest buoyed the Straits Times Industrial Index up 15.53 points to 823.49, breaking through the STB2O resistance level. The Business Times Composite Index rose in313 words
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413 1987-12-23 1 ANNA TEO - Regional sourcing centre to be formalised By ANNA TEO NIXDORF COMPUTER AG. the biggest German investor in Singapore, is likely to establish its operational headquarters (OHQ) here early next year. At the same time, its regional sourcing centre set up here last413 words
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Article373 1987-12-23 1 THE NUMBER of electronics companies using Singapore as a regional sourcing centre could exceed 40 shortly, if the Trade Development Board manages to woo six potential candidates. Thirteen new international procurement offices (IPOs) were set up in the electronics sector in the first nine months this373 words
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Article103 1987-12-23 1 Reuter THE EUROPEAN COMMUNITY has granted US$l56 million in aid to Asian countries for various development projects. A spokesman for the EC's executive commission in Brussels said yesterday that US$4O million would go to Indonesia for programmes including rural electrification, fishing and agriculturalReuter - 103 words
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Article69 1987-12-23 1 THE Christmas season spells bonus time on Wall Street. But the mood is going to be considerably less festive than the years gone by. In the aftermath of the Oct 19 stock market crash, austerity measures have hit the securities industry and, along with cost-cutting,69 words
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249 1987-12-23 1 THE US DOLLAR weakened against the Singapore dollar to close just a shade above the Ss2 level in the local money market yesterday, after opening at $2.0020. It had finished at $2.0043 on Monday. In Tokyo yesterday, the greenback failed to finish above249 words
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462 1987-12-23 1 Reuter THE TOKYO GOVERNMENT yesterday forecast real gross national product will rise 3.8 per cent in fiscal 1988 beginning next April, after growing 3.7 per cent this fiscal year. The forecast, adopted at an extraordinary Cabinet meeting yesterday, also sees Japan'sReuter - 462 words
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409 1987-12-23 1 Coopers Lybrand states its role in Pan-El audit By ELAINE KOH COOPERS Lybrand, which were the main auditor for the Pan-El group, has said that it was not responsible for the audit of a subsidiary which was found to have fraudulent profits of $11 million. The chairman of Coopers, Mr409 words
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Page 1 Advertisements
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Advertisement186 1987-12-23 1 jChristma*T\\LK A HELPING HAND FOR HOME BUYERS @Once you've found your dream home, the next thing you have to look for is a good housing loan. Look to International Bank of Singapore. At IBS, our housing loan scheme is designed to make it easier to own a home. For first186 words
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Advertisement288 1987-12-23 1 Full report, Pag* 14 Regional markets, Paga 16 World marfcata, Paga 17 m SHARE INFORMATION MONEY EXCHANGES COMMODITIES AIRCRAFT SCHEDULE CROSSWORDS TV RADIO BRISTOW DOONESSURY TAN CHONG AND SONS Motor has recalled the 434 Nissan Pulsars It sold over the past 1 3 months to check for a possible fault288 words
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Advertisement0 1987-12-23 1 ?(++`*>^@<%/~!{'`\-%\}].=&&(`<|0 words
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Advertisement48 1987-12-23 1 TDB beefs up presence in Jepen, Back Page Special Tu -pic best i n pin Off Specif JHH Tha 'JfeM Fin cuisi A' ■>* is the Vou can no^Vtown. j e liciou s f J^v e the sam elegant our °<M-Theatre 'inner I ——i SGtfOOD-THOmK I CHTKSf S€*OOD KST*J«!>nT48 words
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Advertisement108 1987-12-23 1 7th Offshore South East Asia The Asian Petroleum Show Conference 2-5 February 1988 Singap< if* f ihih'l <.n S»>rvi< r Pli .*1 Tel: 338 4747 See You There f Your Christmas BT DON'T MISS BT's special Christmas day edition on Friday. You could win a bottle of Martell's top of108 words
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HOME NEWS
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479 1987-12-23 2 TONG SUIT CHEE - By TONG SUIT CHEE AFTER the recent successful sale of two sites on its resort island, Sentosa Development Corporation is launching a second sale of five sites to attract more private investment. The second sale of sites involves three new parcels of land479 words
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422 1987-12-23 2 JEFFREY TSANG - By JEFFREY TSANG TAN CHONG and Sons Motor, the distributor ot Nissan vehicles, has recalled the 434 Nissan Pulsars it sold in Singapore over the past 13 months to check for a possible fault in the fuel422 words
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Article, Illustration254 1987-12-23 2 LILY FERNANDEZ - By LILY FERNANDEZ A CALL to more companies to produce newsletters so es to keep their employees informed has been made by Communications and Information Minister Or Yeo Ning Hong. Not enough companies see newsletters as a means of communication with their254 words
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Article185 1987-12-23 2 COMMERCIAL UNION Assurance Company has launched a new personal accident inaurance policy that covers many hazardous situations as well as routine mishaps. The policy not only provides protection against accidents caused when the insured is under the influence of alcohol, but also covers the individual against185 words
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286 1987-12-23 2 OUTLOOK, Singapore Airlines' in-houee publication, yesterday walked away with two awards in an annual competition for newsletters. Not only was it judged the best overall newsletter but it also won the number one position within the transport, storage and communications sector The awards were286 words
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Article117 1987-12-23 2 A FURNITURE SHOW hsld Isst month generated sates worth $11.5 million for its exhibitors. The sixth Singapore International Furniture Show, held from Nov 14 to 22. received over 55,000 visitors from 30 countries, including 2,000 trade and professional registrants. Singapore Manufacturers' Association fairs director Mr Lee117 words
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Article290 1987-12-23 2 THE SINGAPORE branch of Algemene Bank Nederland (ABN) will today tap $50 million from the local capital market through an issue of negotiable certificates of deposit (NCD). The five-year, fixed-rate NCD will be issued in denominations of $100,000 each. NDC Merchant Bank, a fully-owned290 words
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53 1987-12-23 2 THE NUMBER of available 1967 $10 uncirculated coins to commemorate the 20th Anniversary of Asean has been reduced. This is because the offi- cial mintage for the coin has been cut from 100,000 to 80.000 pieces, says a release from the Board of Commissioners53 words
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Article70 1987-12-23 2 FROM TODAY, the name of each MRT station will bĕ announced over the public address system twice by the train operator as the train approaches each station. This is to help passenigers who have difficulties in identifying the approaching station. The SMRT said yesterday that the practice may70 words
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Page 2 Advertisements
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Advertisement117 1987-12-23 2 Whether it's lunch or dinner, Dian Xin or a la carte, you'll be grateful to our chefs. After all, a good Cantonese meal can make Hyatt Regency, Singapore is where it happens. As our name does suggest, everything will be to your desire and satisfaction. Includyour day. The new Ru117 words
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Page 2 Miscellaneous
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Miscellaneous65 1987-12-23 2 ram ro 28/16 Hazy 09/07 Oewdy 12/08 Cloudy 23/17 dowdy Singapore OUTLOOK: Fair and Report for 24 Noun prior *o 7.30pm on Doc 22 at RatntoM Ma m* TO J Rainy day* Ma ndh... 18 Nottau Now DoM Now York Oslo Port* Porth Mo 'Jonoiro Romo Sao Frts'eo San Jwan65 words
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ADVERTISING & MARKETINGS
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Article, Illustration335 1987-12-23 3 THE ADVERTISING agency behind the press advertisement for Brannigan's pub is hoping that admirers of the late Albert EinItein, father of the theory of relativity, have a sense of humour. In the pub's pre-opening ad, which made its debut in the £ress recently, Einstein335 words
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416 1987-12-23 3 GENEVIEVE CUA - By GENEVIEVE CUA HAVELOCK ROAD is no match for Orchard Road in its ability to pull crowds this Christmas season, officials of the informal grouping of hotels in the Havelock area have decided. The group has decided to cancel its joint416 words
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Article, Illustration589 1987-12-23 3 MONICA GWEE - By MONICA GWEE SESOAQ in 198S? Singapore's home-grown multinational agency Batey Ads yesterday «aid plans to seek a listing on Seedaq, the second-tier securities market, were not on stream yet. But the agency has proceeded with its expansion plans with589 words
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Article, Illustration382 1987-12-23 3 THAM KHAI WOR was re-elected president of the Advertisers and Media Owners Association (Amoas) at its 16th Annual General Meeting held last week. Mr Tham noted in his speech that 1967 began with much confidence and expectation for an improving economy after a few382 words
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262 1987-12-23 3 Saatchi Saatchi profits up 77pc THE BRITISH Saatchi Saatchi group haa poatad pre-tax profits of £124.1 million, a 77 par cant increaae ovar 1900. Revenue* rose 74 per cent to £773.0 million, chalking up 17 years cA uninterrupted growth. "The growth strategy continues to be implemented with three significant acquisitions262 words
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Page 3 Advertisements
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Advertisement85 1987-12-23 3 fa V A ,41 .4 V? > v 44 K jt 44* A mil f wl1 T 44 > <4 4 -44 .1 jMS& f 4 <* «f m ♦A •4 >f», TV* 4 4 V M <n s 4 *4 A -4 N *me* f 4 <J >n <<185 words
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Advertisement41 1987-12-23 3 m Eire mm t\ j BwSj* mfo<S> J II 1. r -L* 77ie Rolex Day-Date Chronometer. Available in 18 ct. gold, with matching bracelet. SHUIHWA JEWELLERY CO. (PTE) LTD. 14 Scotts Road #02-112/113 Far East Plaza, Singapore 0922. J V —Tel:*****40,*****98.41 words
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OVERSEAS
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679 1987-12-23 4 Only Reagan's assent remains Reuter AP CONGRESS approved bills early yesterday to cut the US budget deficit by US$76 billion over two years and now only President Reagan's signature is needed to enact them into law. After some bruising political fights over the contentsReuter; AP - 679 words
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228 1987-12-23 4 AP TOTAL WORLD trade in 1988 will reach U552.72 trillion on a custom clearance basis, up 12.9 per cent in nominal terms and 4.1 per cent in real terms from 1987, the semi-governmental Japan External Trade Organisation predicted on Monday.AP - 228 words
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383 1987-12-23 4 Reuter THE United Nations general assembly suspended its 42nd annual session on Monday after approving a record U551.769 billion budget for the two-year period 1988-89 and urging all members to pay their dues on time. Secretary general Javier Perez De Cueliar had proposed aReuter - 383 words
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206 1987-12-23 4 Bernama THE AQUINOS and the Cojuangcos, easily the two most powerful political families in the Philippines, are locked in a fierce battle for political supremacy in certain areas of the country, sources in the ruling political coalition said yesterday. President Corazon Aquino, a CojuangcoBernama - 206 words
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130 1987-12-23 4 AFP THAI TRADE with its non-communist Southeast Asian neighbours will reach 90.5 billion baht (US$3 6 billion) in 1987, up 34 per cent from 1986, the government's Public Relations Department (PRD) has said. Thailand's trade deficit with its five co-members in the AssociationAFP - 130 words
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Article236 1987-12-23 4 AP FARMERS in the 12-nation European Community will earn 3.4 per cent less this year than last, mainly because of lower prices and stagnating production, the EC Statistical Office reported on Monday. It said the deterioration of farmers' earnings in real terms was shownAP - 236 words
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103 1987-12-23 4 AP RURAL ENTERPRISES. China's large-scale experiment in weaning peasants from overcrowded farms, will record an output value of 450 billion yuan (US$l22 billion) this year, up 28 per cent from last year, a state-run daily said yesterday. The China Daily said the output valueAP - 103 words
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Article879 1987-12-23 4 ARRIVALS Operator Sorvfc* Local From numbor tim* OA OA471 0015 ATM SIA SQ1I 0115 LAX/NRT UA UA805 0120 SFO/HKG SIA SQ41 0610 MAA SIA SQ47 0655 DEL MAS MH681 0820 KUL KAL KE624 0650 KUL SIA SQ31 0850 PAR/POM MAS MH811 0910 PEN MAS MH671 0920 KUL879 words
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Page 4 Advertisements
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Advertisement13 1987-12-23 4 MWALLMUR JOURNEY BE AS PLEASANT AS HIS SEASON'S GREETINGS FROM ALL AT AIR13 words
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Page 4 Miscellaneous
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Miscellaneous60 1987-12-23 4 Doonesbury LORP JEFFREY IS, SHALL WE SAY,OUR6RAYEST EMINENCE! LORP JEFFREY? I'M VISCOUNT sr. AUSJEU-IN-THE-MOOR 1 A PEER HONOR, v 1 S \1 s s r s >4 BY GARRY TRUDEAU LORP JEFFREY? YOUR GRACE* Wr l? 0 )n ■1^ WELL, LETS TRY ANOTHER. HOW On PISH I WW THATOL' I60 words
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Page 5 Advertisements
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Advertisement57 1987-12-23 5 Sc U.7)^MA <7 4 N Jm a u i l i > *r/ r'fv V (—fie unique taste has ahvaifS been savoured bij the true connoisseur. _J\}ouj the inherited skirts of ooet eight generations of the .jYbirteML family have created a b&end so rare it can only be described in57 words
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COMMODITIES
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Article488 1987-12-23 6 Crude palm oil futures underwent an expected technical correction on the KLCE yesterday after its recent surge over the past several weeks. January lost MssB to M 51,063 while February shed MSI6 to close at M 51.064 a tonne. March was MslB easier at M 51,065 a tonne.488 words
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Article242 1987-12-23 6 HONGKONG: Gold closed firmer in (airly quiet trading on light bargain hunting mainly by local traders yesterday The metal ended at US$4Bl.OO/50 an ounce against New York's U*****.75/480.25 close and the U*****.80/480.30 finish here on Monday On the local market, gold rose HK$B to close at the day's242 words
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Article68 1987-12-23 6 V. LEVELS for most products remained largely unchanged as traders relaxed in the run-up to the holiday season. USI/borral Chang* Loo Swtpfw Dubo. (F*b) 13.73 Woi, Int. tea. T»»O> LSWt 14.35 and. WTI (F«b) 15.43 USS/MOW Oxnga Products (FOB S'pore) H»o»r 124.00 -4.50 US)/b«n«l Otang* (3-3* hurl68 words
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Article159 1987-12-23 6 SINGAPORE The rubber market closed slightly higher yesterday with January One RSS buyers quoted at 218.00 cents/kilo, up 0.25 cent from Monday's close. The morning session recorded a gain of 0.50 cent, which was pared slightly in thin afternoon trading on light liquidation. MALAYSIA Continued absence of buying interest159 words
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Article59 1987-12-23 6 THE PRICE o« tin on the Kuala Lumpur Tin Marital recovered three cents to doee at MUf.M a kg on lakAa AA A Ail taAjllakjß incrtisfG ir»air>g leuvHy yesterday. Final turnover was 77 tonnes, up from Monday's 55 tonnes. The NalayalMt price la at parity with the European59 words
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Article229 1987-12-23 6 Chinese Produce Exchange Sellers' noon doting pi 'Ices on Dec 22 (SS/100 kg) Coconut oil tuft FOt 104.00 OW drum FOt 114.00 New drum FOt 118.00 Copra Mi«*d (tool*) 58 Pepper Muotofc white FOt NLW 1210.00 Sarawak white FOt fag NLW 1195.00 Sarawak spedol block FOt NIW 860.00229 words
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Article241 1987-12-23 6 RAS prices In S cmM«, fob In bate NOON CLOSE Bwyors S#M#rs 8wyors Sellers krtf 1 RSS Prompt 219.50 220.50N 218.50 219 JON bt 1 RSS Jon 88 218.50 219.00 218.00 218JO bt 1 RSS Fob 88 216.00 216 JO 215.00 215 JO bt 2 RSS OP241 words
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Article78 1987-12-23 6 (canh/kg, 1 -tor pollen) JANUARY 88 FEBRUARY 88 (currant month) (forwoi d month) RAS NOON Bvyws StNm NOON fcwi Sslin SS* 20 223.00 225XMN 2234)0 215 XX SSI 50 221JO 223.50N 221 JO 223.50N SMt CV 276.00 278.00N 277.00 S«tt«n 279.00N SMI L 276.00 278.00N 277.00 279.00N78 words
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Article139 1987-12-23 6 WHEAT FUTURES in Chicago closed 114 US cent lower to one cent higher on Monday. with March closing cent lower at U553.2014 a bushel. Some computer fund buying was noted early, and short-covering lent early support. But commercial selling emerged on indications that China's weekend bids for soft wheat139 words
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Article153 1987-12-23 6 SOYBEAN FUTURES in Chicago extended midsession gains in a late rally on Monday with prices closing up 11.0 to 8.0 US cents. January settled 914 cents higher at US$6.Ol X a bushel as prices finished on or near session highs. A strong rally in soyoil boosted the complex as153 words
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Article302 1987-12-23 6 London Commodity Exchange Buyor/SoNor doting prtcos on Doc 21 (£/tonno unh ra spodfiod). Proviom doting prfcot In paronthosh. Con— lath ln-jtof« London, tollort option OF London Jan 1207/1208 (1212/1213) High/Low 1214/1205 Mar 1234/1235 (1240/1241) High/Low 1240/1231 f-'--(2440) Cocoa Ok 1040/1044 (1035/1036) High/Low 1045/1038 Mor 1073/1074 (1061/1063) High/Low 1074/1064302 words
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Page 6 Advertisements
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Advertisement328 1987-12-23 6 Good ideas keep coming up Z\ 72 lUl» m «11 \oani d U U NtO* SHARP SB £3 C 3 C 3 G3 9 8 rrf-t rM< »v 6 5 A NA+' E3 3 cws* cs cs p 0 Oi DA^S E3 0 i;s 0 0 0 0 0 pocket328 words
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Page 7 Advertisements
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Advertisement107 1987-12-23 7 THA T MOMENT OF QUIET PRIDE YOU SHARED. THAT MILESTONE YOU'LL ALWAYS REMEMBER. OMEGA. FOR THIS AND ALL YOUR SIGNIFICANT MOMENTS. OMEGA ALWAYS MARKS SIGNIFICANT MOMENTS. AT THE OLYMPICS. IN THE SPACE PROGRAM. IN SIGNIFICANT LIVES LIKE YOURS. THE OMEGA CONSTELLATION FOR YOU BOTH. D *****070 -554,000 DR*****70- 552,150 5T*****70-551.500107 words
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BANKING AND FINANCE
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420 1987-12-23 8 Reuter THE IMPLEMENTATION of the negative interest rate rule announced by the Hongkong Association of Banks over the weekend is likely to pose considerable problems for banks, bankers said. The move aims to curb speculation that, despite repeated official denials, the Hongkong dollar pegReuter - 420 words
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Article1066 1987-12-23 8 CURRENCY FUTURES OPTIONS Tuesday, December 22, 19S7 DEUTSCHE MARK (SIMEX) Jen High 88 cede Lew tea Jen UU) 88 pm Lew Sea 56 rn W C*8 57 300 C*8 58 390A 400 2 59 3098 295A 305 s (50 2168 205A 214 II 11 12 61 1368 126A 1331,066 words
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Article292 1987-12-23 8 AP AN AMERICAN BANK'S decision last wNk to deciers uncollectable about a fifth of its loans to Third World countries will strengthen the hand of debtor nations, one international debt expert says. Another specialist says the move will put pressure on the banks of otherAP - 292 words
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Page 8 Advertisements
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Advertisement486 1987-12-23 8 Good ideas keep coming up I I i J i 1 i i WITH SHARP LAPTOPS EL Backlit Supertwist LCD. With picture resolution of 640 x 200 pixels for CGA graphics. And 80 characters x 25 lines for text readibility. Monitor is adjustable from 0° to 180° for the widest486 words
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MONEY AND EXCHANGES
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Article490 1987-12-23 9 BA Futures MARCH EURODOLLAR opened at 92.32 in Simex yesterday and traded lower. The March contract traded from the high of 92 33 to the low of 92.29 before closing 2 ticks lower at 92.31 in thin trading. Currency futures opened higher than the previous close but eased inBA Futures - 490 words
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Article213 1987-12-23 9 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels after quiet trading yesterday. Asian dollar CD rates ended steady at the morning's slightly lower levels in quiet trading. Interbank deposit rates uss omt 810 7 doyi 6 7/8 6 3/4 1 month S 1/4 8 1/8 2 months213 words
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Article131 1987-12-23 9 Gold futuros on Doc 21 100 troy ounces. US$ p*r troy ounce Optm In •aWa Dac 4*0.00 440.00 47*90 479.60 ■0.20 ion 4*0.40 -O.W Fab M 4*5.00 4*5-00 4*3.10 4*3.70 -0.30 490.30 490.30 4*9.20 4*9 JO -030 Jim 496.50 496.50 495.20 495.50 -0 30 502.00 502.00 502.00131 words
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Article972 1987-12-23 9 SINGAPORE: The US dollar closed mixed against major currencies after fluctuating narrowly in very thin trading yesterday. The dollar ended slightly higher at 126.60/70 yen compared with New York's 126.55/65 close and at 1.3225/35 Swiss francs against 1.3215/25. The dollar closed slightly lower at 1.6275/85 marks against New972 words
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Article, Illustration169 1987-12-23 9 Indicate* the ivtriQC of uif prirTif i«naing rirtf of 12 m«|or banks In S'poro r Interbank market rates (offer/bid) on Dec 22 uss DM SWFC Y«n 7 4myi 3/4 3/t 1/4 SV1*—1/1* 4 3/1* 1/1* 1 m»\ 1/4 11/16 9/14 3 13/16—11/1* 3 13/1*—13/1* 4 7/1* 3169 words
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Article84 1987-12-23 9 Treasury bills Period Issue Yesterday's dosing Day's code Maturity NO OFFER HIGH LOW 3 months RQ*****X 17.3.88 2.83 276 3.10 3.10 6 month* BS*****S 21.4.88 3.30 3.25 3.03 2.90 1 y»ar BY*****T 24.11.88 2.45 2.40 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code84 words
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Article56 1987-12-23 9 THE OVERNIGHT rat* on the Singapore interbank market roee 1/16 point to cioee at 1/8 per cent yeeterday. One-month fell point two-months 3/16 and three-months 14 point. S$ Interbank rates at 7pm yesterday: om MD Owl/e 1/1* i-m* 3 i /e 3 3-MMh 3 1/« 3 3 356 words
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Page 9 Advertisements
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Advertisement316 1987-12-23 9 k i "i r .-v" K» I V /J ■f si dd 'V V 0F? -y, CEiK&fr M 1,- M -k2 HP K* Safe <-* r™L C zr I W' u* s* IN M V Aw p| v» w<. »i H <\ WITH OPTIONS, ITS <f T% e£ < »r.316 words
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PERSPECTIVE
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Article483 1987-12-23 10 EXCEPT FOR SOME PROFESSIONALS, there has been little reaction from the general public to the Government's move to tighten up its tendering procedures. That's understandable as it is in the public s interest that the changes be made. The move followed a review which showed that some483 words
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Article, Illustration1347 1987-12-23 10 JOHN MEEHAN - Slashed bonuses and retrenchments give little reason for cheer Cost-cutting, staff reductions and paring down expense accounts are the legacy of the Oct 19 stock market crash. In the midst of such austerity, bonuses on Wall Street are unlikely to remain immune. In fact,IHT - 1,347 words
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Article, Illustration994 1987-12-23 11 Today, BT takes a look at two regions which have hogged the headlines this year the Middle East and South Asia While the Palestinian problem continues to fester in the Middle East, South Asia has had to deal with problems ranging from Tamil militancyAFP - 994 words
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586 1987-12-23 11 AFP PROBLEMS have piled up in South Asian countries over the year, but their leaders have so far managed to ride out the storms. Sri Lanka has been torn by terrorism and Tamil rebellion, opposition forces in Bangladesh are out to bring down theAFP - 586 words
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Page 10 Advertisements
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Advertisement163 1987-12-23 10 Your Home is your castle Your Throne deserves a Pressalit Seat am pres V Vm A Bathroom is more than just a place for baths. It is a private sanctuary. To relax. To reflect. To get set for another day. Or night. Pressalit Seats are designed by well-known Danish designers163 words
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Page 10 Miscellaneous
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Miscellaneous1273 1987-12-23 10 Rn Stew: PftinJc Fit-Jcmr rm in f\ RcallV Pool u>Tw TMIS Rpmn rko TH*T DRCAOTUL JOURNew TMIS moCNirfG #r IF TO IMb CASANOVA 9.30pm, Channel 5 Casanova (Richard Chamberlain) is declared an enemy of the public and subsequently imprisoned at the Fortress. His elaborate escape wins him even more fame1,273 words
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Page 11 Advertisements
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Advertisement79 1987-12-23 11 kfc'- < 1 K- ***> it m m T,<5 H x sr i V K >% x. i? V 5 A f ■r.-' y% f X K V t m k 3^ >, fl r g* 4 m »-v r 3> a *-x "•v. °> "< &v A fciifww*' fais79 words
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Page 11 Miscellaneous
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Miscellaneous675 1987-12-23 11 CRYPTIC PUZZLE ACROSS 1 A straight lin* to a place is perfect (5) 6 Out-dated poet? (5) 9 Put him down for a century for England (7) 10 You can make tin go in this form (5) 11 A horse to climb on (5) 12 Glossy edition of the Saint675 words
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SPORTS & LEISURE
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Article, Illustration775 1987-12-23 12 AFP BRITAIN'S battling Nigel Mansell has proved that he is the fastest driver on the Grand Prix circuit. The 33-year-old Williams Honda driver has taken the chequered flag six times. But winning races and winning the drivers' World Championship don't add up toAFP - 775 words
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Article, Illustration405 1987-12-23 13 AFP THE LEG SPIN of Abdul Oadir was pin-pointed as the main reason why Pakistan beat England 1-0 in the three-match test series that ended with a second draw in the Karachi national stadium on Monday. Qadir bowled 234 overs, taking 30 wickets at aAFP - 405 words
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Article, Illustration604 1987-12-23 13 UPI STEFAN EDBERG and Mats Wilander, their third Davis Cup victory in hand, are racing each other to knock Ivan Lendl off the top of the world tennis rankings. Sweden, the most victorious Davis Cup nation in the 1980s, reinforced its leadingUPI - 604 words
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273 1987-12-23 13 Reuter PAKISTANI UMPIRE Shakoor Rana was interviewed on Monday by the two-man inquiry into the infamous finger-wagging incident in the second test between Pakistan and England. The inquiry began on Sunday when England captain Mike Gatting was among those who gave their version ofReuter - 273 words
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Article110 1987-12-23 13 Reuter AUSTRALIA'S cricket selectors put fast bowler Mike Whitney and all-rounder Tony Dodemaide on standby for the third test against New Zealand when they named an unchanged squad yesterday. Pace bowlers Bruce Reid and Merv Hughes are doubtful for the game in Melbourne, starting onReuter - 110 words
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443 1987-12-23 13 AP HUNGARY and East Germany are the first Soviet bloc nations to say they will participate in the 1988 Seoul Olympics, boosting prospects that the summer games will be attended by the leading sports nations of East and West for the first time inAP - 443 words
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Article108 1987-12-23 13 AP MEXICO'S Ladislao Mijangos on Sunday scored a 10-round split decision over former heavyweight champion Leon Spinks, who has now lost three of six fights this year. Mijangos, 18-3, went after Spinks, 21-9-2, from the first bell, attacking his body and head with vicious punches. Spinks. 35,AP - 108 words
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213 1987-12-23 13 AP THE US TEAM contesting the Southern Cross Cup interna- tional offshore yachting series, which angrily withdrew from the competition on Monday!* raced in yesterday's postponed fourth race in Sydney. The team accepted an ui£ equivocal apology from the Cruising Yacht Club ofAP - 213 words
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Article, Illustration528 1987-12-23 13 AP WORLD WOMEN'S javelin champion Fatima Whitbread called on Monday for the establishment of a disciplinary committee to fine or suspend British athletes and officials who bring the sport into disrepute. Whitbread, England's only world track and field champion, wants to see an organisation establishedAP - 528 words
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Page 12 Advertisements
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Advertisement877 1987-12-23 12 M Make it special. Make it romantic. Make it a Christmas Eve to remember. Make it the best in town. Dinner at only $110++ per person. (< Royal r~z=rn Singapore I** Now at The Bar, you can enjoy with your favourite cocktails, the fresh sweet taste of "live" prawns. Coming877 words
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Advertisement203 1987-12-23 12 The finest Beijing cuisine from Pine Court, with complimentary Hennessy Cognac MENU I includes steamed live sea-fish, stuffed black mushroom and Peking Duck. Price: $688* 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:203 words
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Page 13 Advertisements
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Advertisement575 1987-12-23 13 v rVir-* m. <7* m lA D 1 sss 2«\~ IS in \y s I I CHRISTMAS EVE 6-COURSE DINNER at $70++ per person. NEW YEAR'S EVE 6-COURSE DINNER at $70++ per person. With live music, dancing and novelties. Reservations: 338 8585 ext. ***** or *****10. The WtsriN Stamford Raffles575 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4355 1987-12-23 14 SHARE PRICES closed sharply higher for the second consecutive day in active trading on the Stock Exchange of Singapore yesterday with the Straits Times Industrial Index gaining 15.53 points to 823.49. As the market has broken through the resistance level at STB2O. an4,355 words
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Article279 1987-12-23 14 Rises SINGAPORE Indices Dac 31 Dac 33 G l»o»l la* MO J»4 •T Comeotht 7U.62 731.50 1 C S 700 40 •T Ot/OS ♦313 537 AIM P 50* 300 40 IT Cadi -7090 -7046 ft N 77 3 30 IT 10-4oyM A -7333 -7300 Maw* Hfc 310279 words
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Article3949 1987-12-23 14 SECTION ONE MOUtTWAL COMMERCIAL Aono II 13» (II I IS 11« 1.14 111 I 12 QO I 13 111 I IS 111 I 12 11« 1.14 Akw O 66 SI Aml SMI SO* II 23 B 124 SJ (231 122 <12 1.24 (41 125 (S«3,949 words
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Article179 1987-12-23 14 AMALGAMATED STEEL MILS Bertiad: 12th AGM at Room 506, 5th Floor, Wisma SPS, 32 Jalan Imbi, ***** Kuala Lumpur on Wednesday, Dec 23. at 11am. LAM GROUP INVESTMENTS UmNetf: 5th AGM at 4 Second Chin Bee Road. Jurong, Singapore 2261 on Wednesday, Dec 23, at 10am. RENONG Bertiad:179 words
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COMPANY NEWS
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508 1987-12-23 15 mm*** By HOCK LOCK SIEW FOR MONTHS the Kuala Lumpur Stock Exchange kept its Singapore counterpart guessing whether there will be a common revised commission structure for the two historical-ly-linked exchanges. The authorities in Singapore were keen to introduce variable commission rates,By HOCK LOCK SIEW - 508 words
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Article, Illustration406 1987-12-23 15 AMY BALAN - By AMY BALAN UNITED Pulp and Paper's rights issue may be over, but the controversy over the renunciation of the rights by an associate company, Insas Bhd, formerly Paper Products (Malaya) Bhd, rages on. In the latest turn of events, Insas Bhd has applied to the406 words
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Article246 1987-12-23 15 THE UNITED Overseas Bank group has raised its share in United Overseas Land Ltd from 29.6 per cent to 29.8 per cent. The price paid for the 450,000 shares was $548,843, an average of $1.22 per share. CITY DEVELOPMENT has incorporated a new Singapore subsidiary, City Centrepoint. to246 words
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Article286 1987-12-23 15 Managers' prices iopon Gr fund 1 40 1 45 for D«c 23 Slienton Thnlt Fund 078 078 Singapore Unit Trust UOB Management Umfund 0 775 0775 Th# Commerce 088 094 Onibond 1 00 102 Th# Savings Fund 077 082 S'pore Prog Fund s pore Sec Fund 035 059286 words
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477 1987-12-23 15 MBT THOUGH the three major banks in Malaysia Bank Bumiputra, Malayan Banking and United Malayan Banking have been gearing up to start their stockbroking operations on Jan 1, this may not be possible now. Sources said the three banks had yet to receive the go-aheadMBT - 477 words
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244 1987-12-23 15 AFP TEXACO, which had originally been ordered by a Texas jury to pay Pennzoil US$l2 billion in damages and interest for allegedly pirating away Getty Oil from a pact with Pennzoil. is currently operating under Chapter XI protection from creditors under the US bankruptcyAFP - 244 words
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Article, Illustration536 1987-12-23 15 LEE HAN SHIH - By LEE HAN SHIH Property Correspondent THE LISTED Shangri-La Hotel has spent $9 million on two property deals to maintain its privacy. Half the sum was spent on the recent purchase of a block of 13 apartments with tenants, with the balance spent on536 words
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309 1987-12-23 15 MBT GENERAL Corporation (GCB)'s subsidiary, Fung Keong Rubber Manufactory (M) Sdn Bhd, has entered into an agreement with Inoue Rubber Company Ltd of Japan (IRC) to set up a joint venture company to manufacture agriculture, industrial and wheelbarrow tyres and tubes. TheMBT - 309 words
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492 1987-12-23 15 FT BRITISH AIRWAYS on Monday won the takeover battle for British Caledonian Group with an increased £250 million (US$456 million) cash bid which preempted Scandinavian Airlines System s plan to raise its own partial offer. After BA's new bid was recommendedFT - 492 words
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Page 15 Advertisements
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Advertisement72 1987-12-23 15 Icahn buys ov«r Holm«s a Court's T«xaco •takM, Pag* 17 Race, Goodwill, Hep earn the dements of CKnstmas... THE MEN'S SHOP Han a #te*nf C/pris-fmaz a great. AJetvtfear Oh&sz > v <f '/v* <w Cfrnrfaa? tw, {/ofrJeyi Chysfnwr !<&/ a*s ro&.'iezz a< usua/ an T s e£e»t£>&~ 3.C.) ELEMINTS THE72 words
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REGIONAL MARKETS
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3795 1987-12-23 16 BULLS TOOK a breather on the Kuala Lumpur stock market after six consecutive sessions of uptrend and share prices succumbed to profit-taking to close mixed yesterday. Losses were mostly marginal but scattered double digit gains were posted. Against the selling, lingering buying was registered3,795 words
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Article1416 1987-12-23 16 Hongkong SHARE PRICES cloaed easier on the Hongkong market yesterday, indicating the market may hava stalled ahead of the Christmas holidays. The Hang Sang Indax slid 1.72 points to after recording a 12.80 point surge in the morning ssssion. Total turnover fell to HK5841.51 million against Monday's1,416 words
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Article103 1987-12-23 16 fl i worn Kai ***** 100 QwM Sugar ***** 900 Kanawon M. Kla Mattr Koton M ***** ***** ***** 110 400 300 Otowoo Corp ***** ***** 3*300 000 +000 1300 Koraa Lang Tarm UcfcyUO. OrtanM fevMnf.»... Orlanlal Cham ***** ***** ***** ***** 1000 400 -400 1000 Dong 8yh Hmk103 words
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Article336 1987-12-23 16 Reuter SHARE PRICES Cloeed lower in thin trading on the Tokyo market yesterday as the market waited for the US Congress to paaa legislation cutting ths US Federal budget deficit The Nikkei Average tost 215.82 points, or 0.94 per cent, to 22.741.02. The index roee 129.87 on Monday. FallsReuter - 336 words
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Article378 1987-12-23 16 Reuter THE AUSTRALIAN share market was higher most of the day yesterday and rallied toward the close, buoyed by demand for blue-chip induetrials and base metal miners. There wss also light demand for gok) miners, even though gold was trading slightly below Monday's levels. Investors were encouraged by anotherReuter - 378 words
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Article111 1987-12-23 16 Reuter THE SECURITIES Exchange of Thailand Index roee 4.02 to 291.33 on a turnovar of 9,954,943 •haras worth 684.64 million baht. Reuter CGjEJS j p.' 1 Con tna Co«m«*K 1 mrm r. ..HTfrfi mont 401 230 unch 12M M4 •inch unch Situ Comm#n Btr* 51« &*mm Food Product* MReuter - 111 words
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Article257 1987-12-23 16 KoHn 3140" 0.8 1 Dec a NT Kuochan Dm 30 10 09 AM Smeara Indus 2 85 -0 08 LM Cheng Yuan Cham lrxs<j» 32.00 32.20 0.8 QA- as oo 1.8 Nan Ya Plat 92 00 -1 Cadtay Cona ...«.so 1 Pacific Cona 9100 -1 Chang Hwa Sank 189257 words
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Page 16 Advertisements
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Advertisement588 1987-12-23 16 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF THE LION TUBE AND PIPE PTE LTD -(In Voluntary Liquidation) )At an Extraordinary General -Meeting of the members of the abovenamed company duly •convened and held at No. 1 'Jalan Terusan, Singapore 2261 lon the588 words
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Advertisement397 1987-12-23 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SING HWA MANAGEMENT SERVICES PTE LTD (Incorporated in Singapore) (Members' Voluntary Liquidation) At an extraordinary general meeting of members of Sing Hwa Management Services Pte Ltd duly convened and held at 6001 Beach Road #14-01 Golden397 words
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Advertisement628 1987-12-23 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FOAM PLASTICS (PTE) LTD (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the above company duly convened and held at 15 Scotts Road #08-12, Thong Teck Building, Singapore 0922 on Tuesday, 15th December 1987, the628 words
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Advertisement83 1987-12-23 16 KWONG CHEONG WOH FOOD A SAUCE PRODUCTS PTE LTD MEMBERS' VOLUNTARY WINDING-UP NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that a Final Meeting of the above company, will be at 15 Enggor Street, #04-01, Realty Centre, Singapore 0207 on 23rd January 1988 at 10.00 a.m. for the purpose of83 words
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WORLD MARKETS
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Article1002 1987-12-23 17 New York Reuter yVALL STREET pushed its year-end rally into a third week on Monday, rising to the highest level since early November. But the trading was sluggish, prompted by weak dollar and bond markets, traders and analysts said. The Dow Jones Industrial Average closedReuter - 1,002 words
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Article983 1987-12-23 17 London Reuter A DAWN RAID on Blue Circle Industries gave share prices a mostly firmer aspect at the opening on the London stock market yesterday, reversing the early trend which saw shares drift lower on profit-taking after the gains of the past two weeks, dealers said.Reuter - 983 words
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Article994 1987-12-23 17 Amsterdam Dec xi ru ifABM 30 30 1 Aaoon 5# 00 *2 AhoM Akzo 62 20 92.30 143 00 17 13 0.2 AMEV 37 30 Amro Bank 56 70 AaaStad 04 00 Bartial BOLS 96 50 Boraomi| 70 SO Buahrman Tattaroda 44 50 Catva Elaaviaf 46 20 Fokfcar 2110 6+994 words
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109 1987-12-23 17 AFP A CANADIAN government agency he* given its approval to a planned takeover of Dome Petroleum Ltd by the US-owned Amoco Canada Petroleum Ltd. Industry Minister Robert de Cotret, saying the deal would be of net benefit to Canada, said that Irv vestmsnt CanadaAFP - 109 words
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165 1987-12-23 17 AFP AUSTRALIAN businessman Robert Holmes a Court has sold off his minority interest in Texaco to US corporate raider Carl Icahn, it was revealed on Monday. Mr Icahn's Trans World Airlines and ACF Industries paid US$37 a share for Mr Holmes aAFP - 165 words
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Article112 1987-12-23 17 HONGKONG A1 Industrials Hongkong Index TuMdoy 1.932.0 Mondoy 1.903.4 TuMdoy 1,469.45 WnI ago ***** Monday 1 .<08-78 WNk 090 1,358 93 NEW YOWC Hang Song Inbox Dow Jones TuMdoy 2274.41 Monday 1,990.38 Monday 2.***** Friday 1.975JO Wnk oflo 2.***** WNt ago 1 932 86 TOKYO Standard Poors NMcVoi112 words
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Page 17 Advertisements
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Advertisement639 1987-12-23 17 Standard it Chartered Standard Chartered Bank (Incorporated by Royal Charter 1853) Hood Office 38 Btohopogato, London EC2N 4DE Audited accounts for the year ended 31 December 1986 Consolidated profit and loss account tar year endadtl DeeembarltM Chsrgs tor bed and doubdU dsbta Tredtag profit el Ban* and aebatdi Shore of639 words
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Article, Illustration502 1987-12-23 18 BOEY KIT YIN - By BOEY KIT YIN GROWING TIES between Chinese and Malay businessmen in Singapore will be formalised in a joint venture holding company to be incorporated early next year. The new company, with limited liability, will be owned equally by members of the Singapore Chinese502 words
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Article251 1987-12-23 18 GROUP MARKETING efforts, shared overseas office facilities and joint ventures are some of the ways suggested for Chinese and Malay businessmen to cooperate with each other. The suggestions came yesterday from Trade Development Board Director-General Mr Ridzwan Dzafir and a National University of Singapore lecturer, Dr251 words
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363 1987-12-23 18 OECD economic forecast Reuter JAPAN'S trade surplus is expected to narrow over the next two years as a stronger yen leads to a rise in imports, the Organisation for Economic Cooperation and Development (OECD) said yesterday in Paris. "The reorientation of Japan's economy fromReuter - 363 words
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518 1987-12-23 18 Reuter THE STOCK MARKET crash has increased the risk of a US recession and America's economy is likely to slow down sharply in the next two years, the Organisation for Economic Cooperation and Development (OECD) said in Paris yesterday. Urgent measures wereReuter - 518 words
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484 1987-12-23 18 Reuter THE CRASH of '87 and a weaker dollar have dampened prospects for West German economic growth in 1988 and 1989, but inflation in Europe's most powerful economy might fall, the Organisation for Economic Cooperation and Development (OECD) said yesterdayReuter - 484 words
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187 1987-12-23 18 AP SOUTH KOREA will redouble its eflorts to establish diplomatic ties with China following a Japanese offer to mediate. A foreign ministry official in Seoul said yesterday that South Korea and Japan are to hold formal discussions on Tokyo'sAP - 187 words
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182 1987-12-23 18 Bernama THE Supreme Court in Kuala Lumpur yesterday heard appeals by three persons who had their writs of habeas corpus seeking their release from detention under the Internal Security Act (ISA) rejected by the High Court last month. Lord President Tun SallehBernama - 182 words
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Article116 1987-12-23 18 Reuter PRESIDENT Corazon Aquino said yesterday that all the 483 commercial creditors of the Philippines have signed a debt restructuring package negotiated earlier this year. A presidential palace statement said Mrs Aquino was informed by Manufacturers Hanover Trust, chairman of the country's 12-bank advisory committee. thatReuter - 116 words
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Article, Illustration355 1987-12-23 18 LONG SHIH ROME - By LONG SHIH ROME IN A MOVE to help Singapore companies sell more to Japan, the Trade Development Board is beefing up its presence in Tokyo. Besides the commercial counsellor, Mr Ng Chon Choo, TD6 will soon appoint a first secretary for its355 words
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152 1987-12-23 18 MOST of the grants given by the Trade Development Board (TDB) to help companies defray the cost of bidding for overseas jobs have gone to builders and contractors. TDB has awarded 28 grants under its International Bidding Scheme, introduced more than152 words
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Article144 1987-12-23 18 MORE THAN 400 workers, representing almost the entire workforce of Bethlehem Singapore, will lose their jobs at the end of this month. The workers had received their retrenchment letters on Dec 1. In the letter, they were told the action was due to "a prolonged144 words
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Article93 1987-12-23 18 Reuter COMEX GOLD FUTURES were marked up on buying early yesterday morning following the sharp rise in Brent crude oil prices, which is expected to spark a rally in NYMEX crude oil futures. February gold rose US$3.7O at US$4B7 40 an ounce, taking out Monday s high ofReuter - 93 words
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241 1987-12-23 18 HONGKONG and Shanghai Banking Corporation has appointed two directors following the completion of its acquisition of Marine Midland Banks of New York and the purchase of a 14.9 per cent stake in Great Britain's Midland Bank. The appointees are Mr Geoffrey Thompson, president of Marine Midland,241 words
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LATE FILE
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Article51 1987-12-23 18 Reuter A SENIOR Soviet envoy said yesterday said he was optimistic about a summit between the leaders of his country and China and declared that bilateral relations had improved because of the recent nuclear arms accord. Deputy Foreign Minister Igor Rogachov was on a visit to Beijing.Reuter - 51 words
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Article51 1987-12-23 18 UPI A GENERAL strike called by a coalition of opposition parties in Dhaka yesterday failed to paralyse the capital, with many shops and restaurants remaining open and traffic flowing freely. Officials said with the exception of some opposition activists setting off firecrackers, Dhaka remained calm.UPI - 51 words
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Article34 1987-12-23 18 Reuter A SOUTH KOREAN de4egatton went to Washington to discuss bilateral trade friction. following US damands for graatar access to markets in Seoul, said the finance ministry yesterday. ReuterReuter - 34 words
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Article32 1987-12-23 18 Reuter OPPOSITION firebrand Kim Dae-Jung yesterday vowed not to incite South Koreans to topple the government over charges that it rigged last Wednesday's presidential poll. ReuterReuter - 32 words
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Article45 1987-12-23 18 AFP ABOUT 250 supporters of former Cambodian ruler Prince Norodom Sihanouk have convened near Paris for their first "international meeting" on the crisis in their country. Participants said the meeting was within the framework of the prince's movement for an independent Cambodia.AFP - 45 words
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Article36 1987-12-23 18 AP CHINESE youths under the age of 18 would be banned from smoking under a law being drafted, said the director of the China Tobacco Monopoly Sales Bureau yesterday. APAP - 36 words
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Article63 1987-12-23 18 AFP RUMANIANS will b« entitled to 70 kgs of meat per head next year nearly twice this year's theoretical ration. The Communist Party Politburo in Bucharest announced yesterday that fish rations would be raised to 15 kgs per person and that Rumanians would see "an increaseAFP - 63 words
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Article45 1987-12-23 18 AP A HELICOPTER taking workers to an offshore oil rig in the Gulf of Mexico apparently hit one of the structure •s legs before crashing and exploding, killing 14 of the 15 men aboard, said officials in Louisiana yesterday. APAP - 45 words
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Article49 1987-12-23 18 AFP KING Hussein of Jordan yesterday opened talks at the Kremlin with Soviet leader Mikhail Gorbachev. Tass news agency said the meeting was expected to focus on prospects for a settlement in the Gulf War and the possible convening of an international Middle East conference. AFPAFP - 49 words
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Page 18 Advertisements
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Advertisement30 1987-12-23 18 RENAULT/// *art r rjjiri 1 a r M-r *ml K I < ;-7 RENAULT 8 QT TURBO 2 Doof con* 1397 CC 120 hhp 0 100 7 2sec FARF: 964,455 It30 words
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Advertisement25 1987-12-23 18 mCrnii iM V/A'mZ, i'iSS miStep. MADE IN SPAiN Spain's No. 1 Fashion Shoe DOOONI OBERMAIN LEONE L'STONY SIOUX MISTER ELY #02-28 RAFFLES CITY SHOPPING CENTRE25 words
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SHIPPING TIMES
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Article, Illustration598 1987-12-23 19 LINDA CHEE - By LINDA CHEE SUZUE-PSA Cold Storage will start from January a refrigerated LCL (lessthan container load) service from Singapore to Japan, in response to clients' requests for a total transport package. The company started cold storage operations in 1978 and is 51 per cent598 words
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358 1987-12-23 19 DR HELMUT SOHMEN, chairman of Sir Y K Pao's World-Wide Shipping Agency, has been elected chairman of the Hongkong Shipowners Association, succeeding Mr Kenneth Lo. Also elected at the association's annual meeting recently were Mr David Koo of Vallea Steamship as358 words
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PORTSIDES
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77 1987-12-23 19 International Transport Journal HANJIN Container Lines and Korea Shipping Corporation have filed a facilitation agreement with the US Federal Maritime Commission to allow them to co-ordinate their services in the trans-Pacific. The deal would also allow chartering space on each other's ships, rationalise sailings, interchange equipmentInternational Transport Journal - 77 words
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756 1987-12-23 20 Fairplay THE YEAR 1987 has proven to be a difficult one for the newly developing demolition industry of the People's Republic of China. It was a year that began with some promise, although there were warnings implicit in the tightening of controlsFairplay - 756 words
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97 1987-12-23 20 Seatrade Week NIPPON Yusen Kaisha (NYK) Line will start a pure car carrier operation between Thailand and Canada in January. The operation will serve Mitsubishi Motors and transport some 10,000 vehicles a year a volume planned to double in the near future. ThoughSeatrade Week - 97 words
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214 1987-12-23 20 Reuter WORLD LAID-UP tanker tonnage fell to 11.88 million tonnes (135 vessels) in November from 12.38 million dw (137) at end-October, Lloyds of London Press said. The latest total included 14 vessels of 200,000 to 299,999 tonnes dw totalling 3.63 million dw, comparedReuter - 214 words
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Article867 1987-12-23 20 AB Shpg V 5 ABC Contain*? VHI 1 Accord Shpg VI 3 Ahr«nkiel liner XI 3 Africa Ocoon XN 2 Alltrons VII 3 AC Toepler XI 5 American Tpt XN 4/5 Anro Service IV 2/3 Arrow lines IX 5 Anon Ocoon VI 1 A Hoi line X867 words
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Article1327 1987-12-23 20 GRAIN shippers on Monday are reported to have secured a Panamax vessel from the US Gulf to Japan at the easier level of U5519.50, with previous fixing having received $19.95, shipbrokers said. Meanwhile, reports circulated the market that a vessel called the Trebizond had been arranged for about1,327 words
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321 1987-12-23 21 Reuter MINIMUM war risk insurance premiums will be increased for cargoes going to or from some Iranian ports and a wide area in the south of the Gulf, the War Risk Ratings Committee said. The increases, which follow numerous attacks recentlyReuter - 321 words
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Article940 1987-12-23 21 AFP A STEADY start to the past weak on the freight market, which saw the Baltic Freight Index (Biffex) establish a new record level of 1,271 points, was followed by a decline in rates, albeit nominal in many cases, as activity ebbed. What appeared at first sight toAFP - 940 words
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277 1987-12-23 21 Reuter NORWAY has turned down a request from the country's shipowners for Western warships patrolling the Gulf to protect Norwegian vessels. Arild Wegener, spokesman for the Norwegian Shipowners' Association, said shipowners wrote to the Foreign Ministry, asking them to suggest the idea ofReuter - 277 words
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9722 1987-12-23 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.9,722 words
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Article1253 1987-12-23 27 AT CONVENTIONAL WHARVES So moon Reeler J5/6 23 12/0900 24 12/0700 S Thoi Jewelry J9/I0 2312/0830 24 12/2000 VnmI Bartti Arrival w Sinmebm 11/8 J3 23 12/0630 24 12/2300 KEPPEL WHARVES utpenufi SPC XI JI2 2312/0600 2312/1800 Tg Johor XVIII Jl 23 12/0700 23 12/2300 CS Oceon1,253 words
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Article2007 1987-12-23 28 A—B AB Shipping Boustead Shpg Agencies. ABC Containerize NV S pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Lines Sealion Shpg (S). Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Ocean us Shipping Agencies (S) Multiport Sdn Bhd (PK). Alltrans Alltrans Express. American President2,007 words
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497 1987-12-23 30 AP Reuter AFP MORE THAN 2,000 people may have perished in a flaming sea when the ferry Dona Paz sank after a Sunday night collision, survivors said on Tuesday. Officials said 1,500 had purchased tickets for a Christmas voyage to Manila fromAP; Reuter; AFP - 497 words
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209 1987-12-23 30 Seatrade Week SHANGHAI COSCO is now laying claim to ninth position in terms of world container shipping operations. Managing director. Li Kelin, said that carryings have more than doubled in the last two years and are estimated toSeatrade Week - 209 words
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93 1987-12-23 30 AP A GIANT offshore oil drilling platform in the Cook inlet. Alaska, caught fire and was burning out of control early Monday, the Coast Guard said. There were no injuries reported, and all 49 platform workers were evacuated from the structure before the fireAP - 93 words
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Page 19 Advertisements
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Advertisement728 1987-12-23 19 *>° -\P< )RK •v- vl STP Distributors r>m«s PuMitaf Croup aSm wippw* henaapH WW/ s s OT rraaija^asrs" jabbiik imrm msaaa mjm.\ SSShSSortroam til 3HUU T«f 1, MMMyyjWPWj wWrflrffH nun m ohm telex no mmwi on til smh OiytWTOvHgtAS CmLitm Uwt lng-Mw-ini'.i-'i.. NORTH AMERICA All ANTIC EXPRESS (ROUND-THE WORID ROUTING728 words
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Advertisement109 1987-12-23 19 mm THE YEAR 1987 will hove been a difficult one for the newly developing demolition industry of the People's Republic of Chino. Page II MINIMUM war risk insurance premiums will be increased for cargoes going to or from some Iranian ports and a wide area in the south of the109 words
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Advertisement683 1987-12-23 19 TIMES STP Distributors Tmwt PUMMfanf Croup I*l MAERSK LINE SINGAPORE/ U.S.A. END YEAR SPECIAL "LEXA MAERSK" VOY 8802 Departure 31.12.87 Ttw« mm ArM M Closing Tim* CY 29/12 1800 HRS CFS 29/12 0000 HRS ARN.OM. LUNA M MO2 Arthur m ama ANNA M HOS M ROTTERDAM 8802 LAUST M 8802683 words
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Page 20 Advertisements
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Advertisement577 1987-12-23 20 IS! C SAV Cr-Ty. .i Sud£rr:rr C./r.) f.'-' Vjpcrrs S A TO/FROM CHILE FUDCK VESSEL CUV 1 CUV 2 CUV 3 ■OTHER VESSEL HK MICA (QQ ANTOF VALP SAI VELAT WWW- 11/3 CMAJTEN 21/2 22rt (YOU HA) B/2 22/7 I VESSEL W W 1W 13/3 CAMO FOR PUNT A ARENAS,577 words
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Advertisement17 1987-12-23 20 Lines and services represented by Members of the Registry of Accredited Snipping Agents, Singapore National Shipping Association17 words
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Advertisement270 1987-12-23 20 CHARGEURS RE UN IS k-: n ,A r f M I°'* > 3' 44 A l Optorg Shipping Pte. Ltd t ELM t POt C kIL C II RC. Pplviro ja.a ~*.f?s93 P<-nanq AGENTS SINGAPORE ANGLO FRENCH SKIPPING T*l mr.ii »sn&» fn 2?55»5: MALAYSIA ELM A MISC AGENCIES Mr BHd270 words
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Page 21 Advertisements
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Advertisement929 1987-12-23 21 The Straits Steamship Group Mansfield Container Shipping Pte Ltd CONTAMERStiP SERVICE TO UK/CONTMENT:. wu\n IOIV/VxL Containers Limited TOtACA BAT TO* 10 EXPIKSS KOVLOON BAT FRANKFURT EXPRESS OSAKA BAY CITY OF EDINBURGH LARGS (AY MOW KONG EXPRESS CAMNGAN BAT RHINE MARU Accepting Cargo For: <| to Cuinhigin, Aerlma. tm to Antwerp,929 words
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Advertisement645 1987-12-23 21 NOTICE Si FAR EASTERN FREIGHT CONFERENCE SARAH, RRUNEI AND SARAWAK FREIGHT CONFERENCE n FAR EAST/GOLF OF ADEN AND RER SEA PORTS CONFERENCE Notice to Shippers CURRENCY ADJUSTMENT FACTOR The 4th quarterly review of currency values in December, 1987 has resulted in an upward adjustment of the Currency Adjustment Factor from645 words
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Page 22 Advertisements
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Advertisement336 1987-12-23 22 SE Hapag-Lloyd J \j CONTAINERSHIP SERVICE TO UK/CONTINENT COPENHAGEN, AARHUS. GOTHENBURG MALMO HELSINKI. OSLO AMSTERDAM CARIBBEAN t S AMERICA CONV SEMI-CONTAINER SERVICE TO EUROPE CONV SEMI CONTAINER SERVICE TO MED EUROPE S PORE PSAIO TRIES CASA LEX 810 AMS HBG B HAVEN I —-I Agents flp MMSMW Singapore *****00 K.336 words
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Advertisement949 1987-12-23 22 JC&LINE FULLY CONTAINERISED SERVICE (MM tmrtmt CM'»" TO EUROPE VIA SUEZ ot ,hf Cf Consort*** fROM EUROPE VIA SUEZ Membrr ol the Ace Consofliuni S port H Kong Kaoshiung Buun Oviki Tokyo 2912 J/1 2/1 5/1 1/1 91 S/l 1/1 9/1 12/1 15/1 16/1 12/1 15/1 18/1 15/1 22/1 23/1949 words
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Advertisement383 1987-12-23 22 V/a FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO COLOMBO: SAILING 5/1 7/1 FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALQIER A ISTANBUL U.S.A. PORT MORESBY, RABUAL, LAE KIETA, MADANG A KIM BE NOUMEA 23/1 SUVA/LA UTOKA 27/1 NEW ZEALAND383 words
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Advertisement1592 1987-12-23 22 a EVERGREEN Full Contjm.y Sc'rucr Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SCP HKC KSC KLC PUS OSK TYO KSN ever gentle in p«rt 27/12 2*12 3*12 2*l ever gentry EVER GLEAMY-EVER GUIDE *1 12/1 I*l I*l I*l Ml 21/1 V EVE* COL DEN 14/1 I*l 20n 22/1 i M EVE* GUARD 21/11,592 words
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Page 23 Advertisements
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Advertisement746 1987-12-23 23 w PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE VOY SIN jkt sav VOY SIN pod hkg kao kee htc yok moo kob bus 0588 19/1 20/1 23/1 04NB 24/12 29/12 21/12 JO/12 31/12 4/1 OMIT 0/1 9/1 ISM 29/12 27/12746 words
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Advertisement267 1987-12-23 23 NORBUL Ti NORBULK CARGO SERVICES LTD. REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK, CONTINENT PORTS TO: INDIA/PAKISTAN PORTS SPOfif MARATHON UNITED AGENCI PTE LTD TEL Ki PX SP VFO SHt>C TRDC HI '81SM4 PK *****01 PENANG TANJONG MARINE SON BHD TEI *****5 SABAH TRANSPAC KK TEL *488 721?48 lo267 words
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Advertisement581 1987-12-23 23 irm BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT M« Eipriu Kowloon Ij* Cardigan by Rhtiw ttt'u TakM Eiprm EXPRESS CONTAINER SERVICE FROM UK/CONTINENT Frankfurt Eiprwt SaiM SaiM NAM I HAVE N DAM HAVRE JTOH fULANC S POAE ft* 2*12 1102 HKC. RAO 4/1 HKC RAO City af Minftuffti SaiM581 words
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Advertisement551 1987-12-23 23 DJASAGETRI A Joint Europe Service Of: P.T. OJAIUWTA HOW P.T. OESIIRI LLOYO P.T. BMWPEIU HMOBEBIA P.T. TMKOM LLOYO EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EOROPE WL/VOY IJ SONTANG/IMO OCCAM PRMA/WfO GANOA GA»A 2W»B ■ATARAKHWO SPORE J.Z It H I t-IKi ANTWRP OILIAO DAW* DAM H BURG BREMEN 2/2 WW I*2551 words
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Advertisement321 1987-12-23 23 BOUSTEAD SHIPPING AGENCIES TAUSALA SAMOA VIIN MORAYBANK V4N CLYDEBANK V22N SPORE ROAM HULL 3002 25/1 25/1 13/1 6/2 14/2 27/1 17/2 2S/2 HMBG «Mi •< n/i 10/2 21/2 w r nu i/wnwm < FORTHBANK V2IS Sport 5/1 (PNG ports: PORT MORESBY/KIETA/RABAUL/KIMBE/LAE/MADANG) T/S: ALOTAU. OROBAY. WEWAK. KAVIENG (PKL Aft H C321 words
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Page 24 Advertisements
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Advertisement1332 1987-12-23 24 "K"LinE SHIPPiriG-ClflTfl SBg flTLflnilC CDfIST (Round-The-World Service) NEPTUNE GARNET Vl2 ORIENTAL FREEDOM Vl7 •PK/PNG SPORE Sid 24 Dec ?6 Dec 31 Dec NYC HFX 30 Jan 2 Feb 6 Feb 10 Feb PACIFIC SOUTH-WEST FEEDER VSI 'PK/PNG SP MOTHER VSL LA/LB OAK CHICAGO NEW YORK ORIENTAL FREEDOM Vl7 26 Dec1,332 words
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Advertisement764 1987-12-23 24 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers iars. itxsra. 1 SCHEEL V 4 I ta Port Catama/taadras Oft FONTANE VUN in Part -p' oe v m aok riiiii jig??lP* I n «o« cmmumm MPURA VOH |)M 1 Jan I j.„ Kjndli H0« II Ok Cko/Madraa/tM/Caloitta 1 Jwi 1 Jan lUilNlrtii764 words
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Advertisement756 1987-12-23 24 GOLDEN LINE GUAN GUM) SHTMNG (PTC) LTD STRAITS/PERSIAN GULF SERVICE COl DCN HARVEST Cetembo/Karado/Debo! GOLDEN LANO CotonHw/KaradVDuba. CHINA SERVICE •Al TUN SHAN siwnctoi DAI TUN SHAN Qmfdoo CU SHAN Qtngdao a T«M Avar Street SNCAPORt MM TIL 90M <W UNO) F*i 948 M ILF SERVICE: S'aan P Mm| Pen** o/Haradw/Dubei756 words
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Advertisement440 1987-12-23 24 PHIU Oni€NT LIN€S PTC LTD "{ADOffXf 6? "Hg NSON Pot 3 C 7 A'HO A" A fiu iOin: S SGArQBf O'C6 TftM AS ?I7?0 PM'I'IAI ?,~W V'B *0?. 2/1 m wi mu. vi I*l MU MM ft SWUM. JEDOAH. MOOCDAH. AQABA H KMC KOK. KEELUNG. uiiili SAN FRANCISCO OAKLAND. LOS440 words
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Page 25 Advertisements
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Advertisement783 1987-12-23 25 NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA Terminal CTS BOOKINGS *****53 *****42 *****22 *****53 27W1H 27*114 27*111 27*141 NEPLINE SDN BHO. *****67 INWARD/OUTWARD NEPLINE SON BHO. *****33 INQUIRIES 2/***** NEPLINE SDN. BHD 62«035/6276i0/627«61/*****2 NEPLINE SDN BHD *****0/23M41 FAR EAST/EUROPE FULLY] r?ii:if.!i:u;u.uii SERVICE A member ot the783 words
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Advertisement386 1987-12-23 25 HEUNG-A SHIPPING Korean Flag Vessels 1 SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG, BUSAN. INCHON Vmml t Name ETD BS BKK S PORE PKEIANG BUSAN MOJI No t Donam7l2N 07/12 18/12 27-29/12 31-01/01 11 25/01 27/01 No 9 Donam,7o9N 13/12 25/12 31-03/01 03 M/ 01 12-15/01 17/01 No I Donam386 words
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Advertisement664 1987-12-23 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 PENANG M/S MANDLINC SYSTEM CO SON BHD MESSRS MAI THONG SHIPPING 127 Pen»n| Strwt Pew*664 words
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Page 26 Advertisements
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Advertisement332 1987-12-23 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 <30 Lines. FAX *****39 *****76 TILEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DE UTF R ACHT/SE EREEDEREI RQSTQCK INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO Accepting cargo for INDIA Bombay, Cochin. Madras A Calcutta "VIA LARNACA Accepting cargo332 words
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Advertisement174 1987-12-23 26 55 Regional Weather r A. 0i r»6 j m Si >.\ 32 i Wfd (1 is SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. R Thunderstorm Temperature c X\ A Weather Wind direction with speed in knots Rom Wave height O Cloudy Sky Surfoce winds are indicated by174 words
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Page 27 Advertisements
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Advertisement832 1987-12-23 27 SCHENKER IB ■noAnom CPTE) LTD WEEKLY LCL/FCL CONSOL. SERVICES TO VANCOUVER, TORONTO, MONTREAL (CANADA) S1« THOMSON ROAD TEL: 2SS-Mll #M*o2 SLF COMPLEX FAX: 2SS-4121 PORE 1129 TELEX: RS 33M* SCHES SNOREPACK FREIGHT SERVICES (S| PTE LTD TEL: 224-2542/34G3/3875 FAX: 224-8421 TLX: RS ***** WEEKLY LCL A FCL SERVICES TO: Europe832 words
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Advertisement277 1987-12-23 27 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. c n an aj r l n .J-,g// c Algerian National Line FAR EAST I MEDITERRANEAN SERV S*PORE LOADING FOR M.V. BISKRA 3002 Japan ALL VESSELS ACCEPTING FCL CONTAINERS FOR JAPANESE PORTS Heavy Lift 100 tons available On Inducement can call Indonesia East Malaysia277 words
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Page 28 Advertisements
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Advertisement599 1987-12-23 28 MM I.INKR MIII'I'IM. I'l l I II) T[ PS 'hj; 1 I%f P FA* M roim; service MIDDLE EAST GULF SERVICE WEEKLY HKG/CHINA SERVICES DIRECT SAILING TO PAPUA NEW GUINEA (ACCEPTING CONTAINER AND BREAKBULK CARGO) ¥«W S-P0« PMORESBY LA£ NOUMEA SUN TIMOR V4B In Port 4 Jan 5 Jan 13599 words
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Advertisement442 1987-12-23 28 ZIM FULL CONTAINER SERVICE accepting FCL/LCL cargoes to USA East i West Coast, Carribbean.East Canada, HAITI. Costa Rica, El Salvador, Guatemala, Honduras, Venezuela, Peru. Ecuador, Colawbia via Mami, Trinidad, Barbados, Antigua, St. Lvcia, Montserrat. Guayana via Kingston. 1 TOKYO LUENA I 1/2 GENOA ta genoa in Tnnnmnnnnni ACCEPTING CAKfiO TO442 words
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Advertisement544 1987-12-23 28 Everett Lines 1 TOR COMFAMA PERUANA DE VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO, MAT ARAN I, ILO* AND ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. r y Pananf* P. K«ljnf* Singapore HUGHEVERETT 21/29 Dec" MANOLOEVERETT 19/20 Jan' ■umYEvtFtrrr tp544 words
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Page 29 Advertisements
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Advertisement457 1987-12-23 29 ahrenkiel liner service CONTAINER LCL SERVICE TO PORT LOUIS DURBAN ALS ENDEAVOUR V67W 29/12 10/01 15/01 MERCHANT PIONEER V6BW 06/01 17/01 22/01 ALS DEDICATION V69W 18/01 30/01 06/02 Accepting Containers for Johannesburg Malawi and Zimbabwe also accepting LCL to Port Louis and Durban GESEjUEHaccepting breakbulk/containers FROM RICHARDS BAY, DURBAN PORT457 words
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Advertisement623 1987-12-23 29 m THE NATIONAL SHIPPING COMPANY Of SAUDI ARABIA VESSEL S MAKKAH FEA 039 S. HOfUF FEA 029 S. DIRIYAH FEA 032 SINGAPORE P KELANG REGULAR WO-RO SERVICE TO USA/CANADA SINGAPORE! P KELANG I BALTIMORE! NORFOLK I NEW ORLEANS! HOUSTON S. HOFUF Em Til K'I'M.I Alio Accepting FCL Containers for Charleston,623 words
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Advertisement365 1987-12-23 29 PERCH OCEAN LINES (Perfect China Ocean Shipping Lines) CHINA SERVICES Destinations: Etd. S'PORE Etd. PKLG SHANTOU, GUANGZHOU HUANGPU, XIAMEN WEEKLY HAIKOU, ZHANJIANG XINGANG, QINGDAO SAILINGS SHANGHAI t OTHER PORTS CONSOLIDATION SERVICE FROM: SINGAPORE/P.KELANG PORT LOUIS AUSTRALM COLOMBO HONGKONG BANGKOK KEE/KAO USA iimi MARITIME TRANSPORT MANAGEMENT PTE LTD REGULAR SERVICE LIAN365 words
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Page 30 Advertisements
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Advertisement344 1987-12-23 30 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS KK SPORE PK PI REU DBN .CT VELOS I V 7- Sailed Sailed Sailed (/I 16/1 'Also calls E.L. t P.E. GENERAL AGENTS: HAI SUN344 words
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Advertisement545 1987-12-23 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CAN ADA/MEXICO AND FRENCH WEST INWES I. PERMAI ¥451 21/12 KORRICAN V4H 21/12 JUTLANWA V 471 VI NED DELFT V4H 12/1 Connecting VSL I ATI COKPASSKOCLAN AU. ATI. CARTIER STUGCAdT EXP. Far: Halifax. N. Tart Abo wrvint GULF Savannah, Miami.545 words
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Advertisement253 1987-12-23 30 ILL LCL WEEKLY SERVICE TO: SO/12 NAM/MEM 24/12 2S/12 ROTTERDAM 24/12 21/12 TILBURY 24/12 E SI/12 SYI/MBJ 27/12 FREMANTLE ADELAIDE 31/12 (transit Um« 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY CON-CARRIER SO/87 CON-CARRIER 51/87 ETD GERMANY ETA S PORE 8/12 28/12 15/12 4/1 LCL SERVICE TO CARRIBEAN PORTS ST. VINCENT,253 words
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Advertisement851 1987-12-23 30 SfiM CALL US AT- > i P. KELANG PENANG V J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 '04-*****2/4, *****3 •07-*****8 •07-*****3, *****5, *****0, *****1 <02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE FROM EUROPE VSL N. OELFT 117 N. DUMA SURIA 517 LOADINC FROM GOTHENBURG. BREMERHAVEN. HAMBURG. ROTTERDAM OTHER ORIGINS851 words
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