The Business Times, 31 December 1987

Total Pages: 26
1 10 The Business Times
  • 11 1 BUSINESS TIMES 75 CENTS MCI (P) 95/12/87 THURSDAY, DECEMBER 31, 1987
    11 words
  • 155 1 Omnas markets Wednesday HK Hang Seng Index 2291.98 (-9.29 Tokyo Nikkei Average doted Sydney All-Ordinaries 1299.3 (-4.8 Tuesday Now York (Dow Jones) 1926.89 (-16.08 London (FT 30 Index) 1382.3 (-50.0 (Wednesday noon: 1401.8; 19.5) EichMQC rates us$: 123.45/55 yen 1 >5975/85 DM S$1.9987/97 £> US$1.8580/90 M$: S$0.8015/22
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  • 87 1 Reuter HONGKONG unveiled a compensation scheme yesterday to protect travellers after a year that saw a number of travel agencies fold with huge debts. Secretary for Economic Services Anson Chan announced the measure after several thousand people who had booked and paid for overseas tours
    Reuter  -  87 words
  • 350 1 SHARE PRICES closed firmer in Singapore in very quiet trading yesterday but, in contrast, the Australian and Hongkong markets ended easier. The local market rose slightly on selective bargain-hunting and short-covering on its last trading day of the year, bringing share
    350 words
  • 228 1 THE AMERICAN DOLLAR yesterday ended a day of lacklustre trading in Tokyo unchanged against the major currencies in spite of selling by exporters. The Bank of Japen intervened sporadically, buying small quantities of the greenback through brokers and banks, traders said. But the US dollar
    228 words
  • 40 1 Router WALL STREET stocks gained strongly eerly yeeterdey although trading waa thin prior to the long New Year'a weekend, brokers seid. The Dow 30 Index was up 21 at 1948 end gainers held s smell lead. Router
    Router  -  40 words
  • 38 1 AFP UK SHARES consolidated their gains at midday yesterday At 1200 GMT, the Financial Times 30-shere index wee up 19.5 points et 1,401.8, while the Footsie' 100-shere index was up 23.9 pomts at 1,754.2. AFP
    AFP  -  38 words
  • 285 1 UNITED INDUSTRIAL Corporation Ltd, one of the three companies queried by the Stock Exchange of Singapore yesterday on press reports regsrding a takeover bid for Malayan Credit, has ruled itself out as an interested party. The other two companies which had yet to give
    285 words
  • 115 1 AP THE US government's main forecasting gsuge of economic activity plunged 1.7 per cent in November, the biggest decline in more than six years. The Commerce Department said yesterdsy the steep drop in the department's index of leading economic indicators, the first setback since January,
    AP  -  115 words
  • 371 1  -  LEE HAN SHIH Property Correspondent POOR DEMAND has led the Housing and Development Board to slash by more than one third the rent of 196 former HUDC flats in Cairnhill. The rent for a maisonette in Anthony Garden, which is an almost deserted estate, is
    371 words
  • 247 1 SHARE INFORMATION 12 MONEY 8 EXCHANGES 8 commodores 8 AIRCRAFT SCHEDULE 4 CROSSWORDS tv a junto BRISTOW 8 DOONESBURY 3 AN AGGRESSIVE DRIVE by o dynamic Economic Development Board In 1986 brought out a sparkling report book in spite of 'quiescent economic conditions worldwide' during the period. HOME NEWS,
    247 words
  • 531 1  -  BOEY KIT YIN DOUBLE-DIGIT GROWTH FORECAST FOR NEXT YEAR AS WELL THE ELECTRONICS SECTOR, apparently unruffled by c labour shortage end rising costs of imports, is expected to produce over $15 billion worth of output this yeer. Industry circles sey the sector
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  • 148 1 Reuter THE STEEP slide of the Thai baht has prompted a domestic debate on whether Thailand should revalue its currency end how c revaluation would affect booming exports The baht, tied closely to the US dollar, has fallen aharply against the yen. mark and other European
    Reuter  -  148 words
  • 289 1 THE FINAL STEP in the liberalisation of the auger trade takes effect tomorrow, when the import duty on raw and refined sugar is lifted. In 1965. the $163.54 per tonne excise tax on sugar wes lifted, resulting in c 15-cent drop in refined
    289 words
  • 161 1 AFP INDONESIAN President Suharto yeeterdey ordered his government to step up efforts to promote trede ties with Eastern Europe end Chine to increase foreign exchange earnings "Efforts et promoting non-oil end gee exports to East Europeen nations must be stepped up, end direct trede
    AFP  -  161 words
  • 61 1 A TENDER SYSTEM has been worked out for a fairer and more equitable distribution of export quotas to garment and textile manufacturers, large and small. But the reaction from those affected suggests that not everyone is pleased, not even those whom the scheme was designed to help
    61 words
  • Page 1 Advertisements
    • 89 1 I v X TIEN COURT J? SICHUAN CUISINE All King's Hotel Havelock Road Singapore 0316 J Tel: 733 0011 q 1 *Ai E 'HjeeeeeeeeeeeeOJ mft eK S•••••••••••••>If Seeeeeeeeeeeeeteg j 3525 Begin Your Busy Day Right Start off on a right note in the morning. Use Braun micron foil shavers: recognised
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    • 37 1 If you need News Desk: *****18, *****60 Financial Desk: *****06, *****46 Circulation Dept. *****00 to Call US.' Companies Desk: *****05, *****51 Executive Lifestyle *****58, *****61 Fax: *****71 Market Indices: *****48 Advertising Dept: *****57, *****53 Telex: RS *****
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  • HOME NEWS
    • 512 2  -  BOEY KIT YIN Board did well to attract $1.43 billion of investment commitments AN AGGRESSIVE DRIVE by a dynamic Economic Development Board in 1966 brought out a sparkling report book in spite of "quiescent economic conditions worldwide during the period. In
      512 words
    • 381 2 MANUFACTURING will continue to be a key building block for Singepore's economic growth in the future, the Economic Development Board (EDB) haa re-asserted In its latest annual report the EDB aaid, "Of all our economic activities, manufacturing is the one around which the financial, commerce
      381 words
    • 323 2  -  WILLIAM CHIA THE TRADE Development Board has been asked to help countertrade missions going oversees by providing advance details of projects end trade opportunities in potential markets through its offices abroad. Thia was one of the points rsised by c TDB-sponsored working group on countertrade
      323 words
    • 507 2 THE Singapore International Monetary Exchange has ruled out market manipulation on October 20 the dey after the stock market crash when the pricee of the Nikkei stock index futures swung wildly. The Simex board reached thia verdict after conducting c detailed investigation
      507 words
    • 403 2 Seminars and courses Jon 11 Graduate Diploma in MDIS Training Management *****00 Engineering Manogement Development Institute of Singapore Jan 11 Computer Data National National *****66 (commence- Processing for Productivity Productivity ment date) Managerial Personnel Board Board Jon 11 Certificate in Sales MIS Skills Marketing *****88 (commence- and Marketing Training
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  • Page 2 Advertisements
    • 892 2 A Indian Bank *fM (Wholly owned by the Government of India) V Wm Head Office: 31, Rajaji Road, Madras 600 001 BALANCE SHEET AS AT 31ST DECEMBER 1986 CAPITAL AND LIABILITIES PROPERTY AND ASSETS IRs P IRs p Capital (wholly owned by the Government of India) 37.00,00.000.00 Cash in hand
      892 words

  • ASIA-PACIFIC
    • 227 3 UPI THE PHILIPPINE government has announced a 5.1 per cent growth rate for 1967 and a drop in unemployment to 9.5 per cent in preliminary figures released on Tuesday by Economic Planning Secretary Solita Monsod. Although the country suffered political turbulence, natural calamities and violence,
      UPI  -  227 words
    • 394 3 Reuter INDIA MUST LOWER the rupee against major currencies and introduce sweeping measures to boost, exports to avoid serious setbacks in economic growth and balance of payment problems, the World Bank said in a report. The report seid Indian export
      Reuter  -  394 words
    • 243 3 Reuter PAKISTAN plans to link oil imports to its exports in an attempt to cut further its trade deficit, projected at US$l.4 billion in 1987/88 ending June 30. Federal Commerce Minister Mahbubul Hag said local exporters increased exports would be the
      Reuter  -  243 words
    • 157 3 AFP SOME 1.53 million Indonesians or 2.21 per cent of the workforce were registered as unemployed in 1967. The official Antara news agency quoted Manpower Minister Sudomo as saying that the number of regis- tered jobless grew 5.28 per cent in 1967 against 6.08
      AFP  -  157 words
    • 317 3 Reuter JAPAN is moving in on an expanding market for supercomputers after years when the development of the world's fastest machines was largely an American show. Japanese manufacturers NEC Corp, Hitachi Ltd and Fujitsu Ltd are late entries to the supercomputer race. But their
      Reuter  -  317 words
    • 435 3 Reuter PRESIDENT SUHARTO of Indonesia will set the stage for c fifth term in office when he unveila Indonesia's budget on Tuesday, but uncertainty over oil prices and rising debt payments heve left little room for manoeuvre. Indonesian and Western
      Reuter  -  435 words
    • 571 3 UPI Bottlenecks in supply CHINA'S gross national product will rise 9 per cent to c record US$27O billion this yeer, but the economy is plagued by the failure of supply to meet soaring demand, a senior government official said in Beijing on Tuesdsy.
      UPI  -  571 words
    • 510 3 UPI. AFP VIETNAMESE-BACKED Cambodian Prime Minister Hun Sen haa taken back the poet of foreign minister he gave up c year ago. dropping the former foreign minister to a job as his assistant, the official SPK news agency has reported. The egency report,
      UPI. AFP  -  510 words
  • Page 3 Advertisements
    • 27 3 1988" Happy NewY>u... BJQMJNTS £4* m 10X) Orchard »oa<J #03-07 kmt.Akfn c&t*/fan* 1-3 Jo*.'ft. Bt+eints* *J ulhuJ 3kn f. /T^r^™ 1 (J (J SfonslfttW S*Y»aporro9?3 T« *****)2
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  • Page 3 Miscellaneous
    • 278 3 City Mas/ Not* A ~N JJS Singapore Adelo.de 34/16 Sunny Amsterdam 11/08 Cloudy -1 Athens 15/03 Claoy OUTLOOK: Fair. *J2* C 1 Heport foe 24 hour, prior *> 730pm on Doc 30 at Barbados 30/25 Cloudy ft, oirDort: Bering 01-08 Clear Beirut 16/10 Cloudy tamp 31» Belgrade 11/04 Cloudy humidity
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    • 14 3 Doonesbury by garry trudeau say.j.j.,*™ II t£*ais II so* 8.45. **g£*& W T^UfCHBK»I 11
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  • REST OF THE WORLD
    • 398 4 Reuter 1.5 per cent decline forecast AMERICA's November leading indicators are expected to show a steep decline, again spearheaded by a sharp fall in stock prices. Many economists are expecting a drop of about 1.5 per cent for the indicators, due yesterday.
      Reuter  -  398 words
    • 109 4 Reuter WESTERN CANADIAN provinces would generally experience greater economic expension than their centrel Cenedien counterparts over the next two years. Royal Bank of Canada said in an economic forecast. Real economic growth in Canada is expected to decline from an estimated 3.6 per cent
      — Reuter  -  109 words
    • 297 4 Reuter THE FUTURE effectiveness of Britain's independent nuclear deterrent is threatened by a betrayal of Western submarine secrets to the Soviet Union, a British defence publication said yesterday. But a British Defence Ministry spokesman said: "We have complete confidence in
      Reuter  -  297 words
    • 266 4 AFP STATE QUALITY CONTROL inspectors, who have prowled Soviet factories for the past year, held back six billion rubles (US$lO billion) worth of goods because they were of such bad quality, the Soviet news daily Pravda reported on Tuesday. Pravda hinted that
      AFP  -  266 words
    • 302 4 UPI POPE JOHN PAUL II and Elizabeth Taylor head a list of the year's "Ten Most Inspiring People", the Millennium Society announced on Tuesday in its fourth annual awards. The society, a group formed in 1979 by Yale University
      UPI  -  302 words
    • 311 4 Reuter WEST GERMANY, increasingly out of step with its European partners, faces a crucial test of its leadership when it takes over the presidency of the European Community on Jan 1. The EC is starting 1988 without a budget for the first time in
      Reuter  -  311 words
    • 173 4 DUTCH gross domestic product growth will fall to one per cent in 1988 from 2.5 per cent in 1987, an official government advisory body has said, scaling down a previous forecast. The new forecast, by the Contrast Planbureau
      173 words
    • 175 4 Reuter CUBAN LEADER Fidel Castro has warned of more hardships ahead saying his island nation still faces a shortfall of hard currency to finance its imports. "We cannot, not for a second, expect next yeer to be different from 1967. We will face
      Reuter  -  175 words
    • 281 4 AFP ALPINE SKI slopes have shone desperately green under unseasonal mild weather in the second half of December, making the income estimates of ski resort operators plunge during the nearly-ended Christmas season. Lack of snow st the smell French town of Seint-Frencois-Longchamp
      AFP  -  281 words
    • 248 4 UPI BRITISH TOURIST officials are worried about the "geographical illiteracy" of graduates potentially seeking jobs as travel agents and some even confused Hongkong with Dublin, a spokesman said on Monday. An examination given to secondary school (high -school) graduates found Some suffered from
      — UPI  -  248 words
    • 212 4 UPI FACTORIES shut down, traffic stopped and thousands of Peruvians rose to their feet for c moment of silence on Tuesday in an unusual nationwide demonstration against terrorism. Church bells pealed and sirens wailed in major cities and towns across the nation following the minute-long observance
      UPI  -  212 words
    • 461 4 AP I i THE NUMBER of new jobs created by the US economy will fell sharply in 1968. an indirect result of the October stock market crash, changing population patterns and tougher management, labour specialists sey. The quality of new jobs also
      AP I i  -  461 words
    • 246 4 AP US CONSUMER PRICES will rise by 4.5 per cent to 5 per cent next year, just ahead of 1987 s 4.5 per cent rise, Standard and Poor's Corp has predicted. The firm's analysts predicted on Tuesday modeat price increases for neturel ges, sir
      — AP  -  246 words
    • 877 4 ARRIVALS Operator Service Local From nuwbwf tintt OA 0A472 0015 SYD/MEL THAI TG4BI 0025 HOC SiA SOU 0115 lAX/NRT IC 1C555 0655 MAA MAS MH6BI 0820 KUL MAS MHBII 0910 PEN MAS MH67I 0920 KUL SU SOlO 3 0950 KUL AC ACSSS 0950 YYZ/lHt/lOM CPA CX7IO 1015
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  • Page 4 Advertisements
    • 80 4 V New Year j Eve Special** fIE ■AB Special Teppanyaki Course' HQ M| available from S2i+ per person ■EH to per person. Wm\\m\ KBfiTy V.Vw mtmiUMt ml Hotel hymatwuih \\\\\^\\w\ Sushi Course Set LaH I available from $60+ /wr person I to SSO~ /xt person NLafl The Kampac hi Hiafl
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  • COMMODITIES
    • 465 5 Malaysian crude palm oil closed lower yesterday on profit-taking and buyers' reserve. interest was confined to January with south and central falling Ms2o and Msls respectively to MSI.IIO s tonne. The refined palm oil market was also dull and February RBD palm ole.n eased US$7.5O to US$4B5 a
      465 words
    • 156 5 SINGAPORE The merket cloeed lower yesterday with Januery One RSS buyers quoted at 220.00 cents a kg, down one cent. After a steady opening, prices eased due to leek of interest in very quiet trading. In the afternoon, prices remained unchenged. No Inro activity was detected. MALAYSIA The merket
      156 words
    • 234 5 Chinese Produce Exchange Se t u>rj noon ctoeinoj prioM on Ok 30 (SS/100 kg) IW? FOt NSW 1223.00 Gambier FOB NSW 180.00 A-l Special 181 C-1 SpodoJ em C-l Ord km Loonzain Rice Coconut oil toft. FO« ***** OM dram FOt ***** New dram FOB ***** Copra Mixed
      234 words
    • 176 5 SOYBEAN FUTURES on the Chicago Board of Trade rallied lata on Tuesday and closed near the day's highs with prices up seven to two US cents per bushel. March closed 6% cants higher at US$6.lO, a significant support level. January settled closer to the psychologically important US$6-mark at US$5
      176 words
    • 90 5 THE PRICE of tin on the KLTM ended] unchanged yesterday at MSI 7.02 c kg for the low St consecutive day In fairfv aide* trading. In spite of c weaker European spot fin merket, sentiment remained steady, which they attrlburea mainiy id scaning eteedlneee against the nnggn. Turnover
      90 words
    • 166 5 WHEAT FUTURES on the Chicago Board of Trade turned mixed at Tuesday s cioee with prices up 1% US cents to off cent s bushel. Merch wes cent higher et US$3.O9. Speculative inter-month spreed buying of Msrch and May contracts against r-the deferreda raaulted in mixed prices. Traders were
      166 words
    • 277 5 HONGKONG: The metal closed steady in thin and lacklustre trading in the absence of fresh factors yesterday Deelers seid gold's steady tone mainly reflected the weakness of the US dollar, but the metal ended around the dey's low on c later recovery of the dollar following light central
      277 words
    • 226 5 HAS prices In t e«rttfkf, FOB In Mm NOON CLOSE stayers Sellers Buyers Sellers nt 1 RSS Prompt 221.00 222.0ON 221.00 222.00N nt 1 RSS Jon 88 220,00 221.0ON 220.00 221.0ON Int 1 RSS Fob 88 217.00 ***** 217.00 ***** nt 2 RSS Of ***** *****N *****
      226 words
    • 76 5 (cants/kg. l-ion poists) JANUARY 88 (current month) RAS fcryars S«B«n S» 20 22X00 225.00* SSR SO ***** ****** FEBRUARY 88 {forword rrxxrth) NOON fcWy OKI So Men 2234 0 ****** ***** *****N MRELB toyn ssjajrs SMI CV 276.50 278.50N SMI I ***** 278.50* SMI S ***** *****N
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    • 305 5 London Commodity Exchange Doc wnq (4a5aV) Jan 495*V (wnq) Fob 500iMiMq) Mar SlOavtwnq) Sottiamont 1510(1550) Tanoikao Satok(l) Lead Buyer, SelWr ctoaJncj pricoi OH Ok 39 (£/toiw» unlaw §fmMm% revlow» doeJnoj pfftGOf In por e< itfte Mi. Coffee 8osta In itoro London, sobers option OF London M'«4an ISO FOt
      305 words
    • 156 5 Reuter THE JAPANESE government will spend 8.2 per cent more to raise state oil stockpiles, while cutting spending on petroleum related activity, for the fiscal year ending Merch 31, 1988, according to Tokyo's budget bill. It will earmark 182.02 billion yen.
      Reuter  -  156 words
    • 95 5 TRADE WAS relatively thin yesterday across the barrel" with the New Veer holidays having already begun in Jepen and also with many Singapore traders sway. However. FOB Singepore jet fuel wes traded up and C 6 F Japan naphtha FOB shed on bullish sentiment prompted by firmer
      95 words
    • 418 5 FT SEVERAL major oil companies heve warned Saudi Arabia thet unless it offers discounts below the official crude price, it will risk a severe cut in production in the new yeer. During 1967. Saudi Arebie successfully resisted pressures to cut its crude prices
      FT  -  418 words
    • 196 5 Reuter THE EUROPEAN Community end Thailand signed the second pricestabilising rubber agreement before Christmes, the Internetionel Natural Rubber Organisation said. Inro deputy executive director Dieter Stiepel said in an interview thet their aignaturea meent thet more then 75 per cent of consumers and of producers
      Reuter  -  196 words
    • 384 5 NYT THE COMMODITY Futures Trading Commission (CFTC) haa intensified its surveillance of the copper merket while an impending shortage haa sent prices soaring, according to officials "We're well aware of whet ia going on in the copper merket, end were working closely with
      NYT  -  384 words
  • Page 5 Advertisements
    • 86 5 The Hour Glass Singapore's premier watch TOutique with the largest range of watches in these convenient bcatiais When you shop at The Hour Glass you shop with confidence. You're assured of the absolute authenticity of every timepiece you buy, of professional advice, competitive prices, international guarantees and after-sales care. Lucky
      86 words

  • MONEY AND EXCHANGES
    • 546 6 SINGAPORE: The US dollar closed slightly higher yesterday against major currencies after moving within a narrow range in dull and featureless trading. The dollar's sentiment was still bearish because of weak US fundamentals, but most operators were reluctant to open fresh positions amid a lack of fresh news
      546 words
    • 82 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****N 31.3.88 2.83 2.78 2.85 2.85 6 months BS*****S 21.4.88 2.87 2.82 1 year BY*****T 24.11.88 2.40 2.35 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID
      82 words
    • 235 6 Interbank rates at 3pm yesterday: Inter! Ur r f/nc r»Q*Tfir>e¥' r iwe wW'?rxriej«_M' tet" /o BSD otter BBB8B perttw change .ocaI dollars to one unit of foreign currency: JS dollar 1.9987 1.9997 2 8196 -29.11 Sterling pound 3.7179 3.7218 7.3469 -49.39 Australian dollar 1.4369 1.4387 3.4289 -58.10 MZ
      235 words
    • 163 6 Official discount rates on Dec 30 NY Fed Res Bonk 6.0 Bonk of Japan 2.5 Bundesbank 2.5 Swiss National Bonk 2 5 Source: Notional Westminster Bonk Interbi ank market rat tes (offer/b )id) on Dec 30 us$ DM SWFC Y*n 7 1/4 1/8 7 1/4 1/8 7
      163 words
    • 57 6 THE OVERNIGHT rate on the Singapore interbank market fell V* point to close at 2% per cent yesterday. The term rates rose 1/16 point each. S$ Interbank rates at 7pm yesterday: OffW MO Overnight 2 1/4 2 1 —iB 3 18 3 7-mrneh 3 3/16 3 1/16 3-monm
      57 words
    • 1526 6 CURRENCY FUTURES OPTIONS Wednesday. December 30 1987 DEUTSCHE MARK (SlMEX) Jan M cell* Jen H put. So CM 57 610A 60S CA* 5* 514* 509 CAS 5° 414A 409 CAS 60 3I4A 309 2 61 220A 31S «2 I33A 129 20 63 68* 64 54 S3 54 64 27A
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    • 144 6 Gold futures on Doc 29 100 troy ounces USS ptr troy ounce Open Mbjh Low 1Mb Ok Jon Fab Apr Jim A»Q Oct Ok Fab 89 4*9.70 4*9.70 485 00 486 > 0 486 80 486 80 ***** 486 JO 493.00 493.30 467 80 489 40 499.00
      144 words
    • 37 6 I OA JLO The OCtC trade-weighted index for l hS« Singapore dollar was up 0.02 per cent to 120.63 yesterday. The) index is calculated against the currencies of Singapore's top 12 trading partners.
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    • 345 6 ASIAN DOLLAR deposit rates closed little changed from opening levels after a day of quiet trading yesterday. Most operators were sidelined because of a general lack of interest in the absence of fresh factors The market was awaiting the release of US November leading indicators and single-family
      345 words
    • 542 6 Msrch Eurodollor opened nine ticks higher yesterday then the previous close at 92.44 due to s steady US dollar, lower American stock prices from overnight trading and news that the US Treasury planned to sell US$lO billion of special 10--year zero-coupon bonds to Mexico. Continued buying interests on technical
      542 words
  • Page 6 Advertisements
    • 194 6 A huge and well known Department Store located in the best elite commercial area of Kebayoran Baru Jakarta, is seeking a JOINT MANAGEMENT PARTNER for operating the following Restaurants which are available in the Basement of the Department Store: CHINESE SEAFOOD RESTAURANT Area of 675M 2 consists of: 536 M
      194 words
    • 144 6 SUjJHDBSS^ ff- TENDER CONSERVANCY MACHINE SUPPLY. DELIVERY AND COMMISSIONING of portable electrical high pressure washers to various HDB estates. Cost of Document $507 CkwngOate 22 188 The latest copy of the Registry of Companies and Business Instant Information Service Report rmest be produced before Tender Document may be bought TENDER
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  • BANKING AND FINANCE
    • 543 7 Reuter IN AN innovative effort to defuse the global debt crisis, the US has ssid it will sell Mexico US$lO billion in US bonds that can be used to erase s large chunk of Mexico's massive foreign debt. The bond swap unveiled
      Reuter  -  543 words
    • 227 7 AFP TAIWAN'S investments in Hongkong dollars are heating up as the British colony faces mounting pressure from industrialised nations to revalue its currency. Banking sources in Taipei said on Tuesday that foreign exchange dealers calculated that Taiwanese investors had bought a substantial amount of Hongkong dollars
      AFP  -  227 words
    • 443 7 Reuter SHARES OP money centre banks rose in active trading in New York on Tuesday as Wall Street responded favourably to the US Treasury's anticipated plan to assist Mexico in dealing with its debt problem. The US and Mexico were expected to
      Reuter  -  443 words
    • 804 7 Reuter AMERICAN BANKS with the strongest equity positions are likely to participate in Mexico's proposal to buy back its debt with 20-year bonds secured by US government bonds. "Banks with the strongest equity bases, like JP Morgan and Co Inc JPM, will be able
      Reuter  -  804 words
    • 742 7 Reuter IN THE NEW Group of Seven accord to support the US dollar, the major industrial nations appear to be relying on the threat of massive central bank intervention rather than the promise of new policies to fulfil their pledge to stop
      Reuter  -  742 words
  • Page 7 Advertisements
    • 206 7 1 Patent Furniture David Tay Associates Enterprises fl Phases Planus Pte Ltd Decor Furniture m \W RSP Architects Planners Engineers .^^^""3^^. -fe 1 BM Design Metabolists Sun Consultant Great Earth Construction Re Ltd Shinning Construction M I 4f Hsien Design Construction Simon Oh Lim Chartered Surveyor f I J Interplan
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  • PERSPECTIVE
    • 532 8 BUSINESS TIMES THURSDAY, DECEMBER 31, 1987 CALENDAR years are like rituals: they easily take on a life of their own. In reality, there is no more difference between the last day of December and the first of January than there is between any two consecutive days in
      532 words
    • 1918 8  -  BOEY KIT YIN A NEW SYSTEM of allocating textile quotas by auction, announced by the government in September, was received with great misgivings by textile and garment manufacturers. These fears were not allayed after the first major round of tenders was completed early this month. Prior
      1,918 words
    • 600 8 QUOTAS are used by developed countries to control the inflow of certain products to protect their domestic industries. Global textile trade is regulated by the Multi-Fibre Arrangement. Under this arrangement, the governments of the buying and selling countries work out a bilateral agreement which determines
      600 words
  • Page 8 Miscellaneous
    • 1178 8 w md mm PM SBC Text Sample Paget. Opening and Programme Highlights followed by Ungo. Coming Attractions. The Trial Of Lee Harvey Oswald (Pt 3, See highlights). Home To Roost Julie (Last episode). Cold Warrior What's Good For General Bullmoose/The Man From Damascus. NBA The Finals (Game 4): LA Lakers
      1,178 words

  • PERSPECTIVE
    • 1173 9 Bernama 1987 has been an eventful year for Malaysia. These three articles look at the political rumblings in the country, the changing fortunes of the labour movement and discusses why the armed forces' image has taken a battering THE LABOUR MOVEMENT in Malaysia has
      Bernama  -  1,173 words
    • 1229 9 a year of achievements and tragedies for the army Bernama* OnITHE DEFENCE FRONT, it had been a year of continued success in the fight against the communist terrorists despite budget cutbacks, unexpected embarrassments and a tragic mishap which claimed the lives of nine soldiers 1987 was also a year of
      — Bernama*  -  1,229 words
    • 587 9 Reuter MALAYSIA'S move to lock away government critics for a minimum of two years is aimed at curbing dissent rather than to combat racism, analysts snd diplomats said. At least 20 detainees, including seven opposition members of parliament, academics, church workers and unionists,
      Reuter  -  587 words
  • Page 9 Advertisements
  • Page 9 Miscellaneous
    • 729 9 J CRYPTIC PUZZLE 3 Seats arranged for a fi I I [2 I [3 m MT~ pBE I 24 Move slowly (4) ACROSS rite? I—-LaaaaaJ——U—-fß^^—.Bß__Bß__ 25 Make certain (6) Well, it isn't a Isnd- ■BVB ■fl 26 Shovel-like tool (5) 8 mark <7) M* m\m\%4 m 27 .nstruct (5) the
      729 words

  • SPORTS & LEISURE
    • 833 10 UPI SUGAR RAY LEONARD'S historydefying victory over Marvin Hagler set the tone for a boxing year filled with upsets. Leonard fought just once in 1967, then announced his latest retirement. Still, his return on April 6 more than overshadowed two developments Mike Tyson unifying
      UPI  -  833 words
  • Page 10 Advertisements
    • 1040 10 jmm\\\\\m\\m I Ring in the new year at Cafe Vienna Make it SDetial tHIS I I FREE GtmUieSS Draft IIP I The revelry starts at midnight and continues M«s I I U/Tltclnr I The finest Beijing Cuisine 1 till dawn. Join us for congee, dianxin, INCW YC3F I I OCCT
      1,040 words

  • SPORTS & LEISURE
    • 195 11 Reuter INDIAN CAPTAIN Dilip Vengsarkar is headed for a showdown with his cricket board which could cost him his job after refusing to give up writing a newspaper column. Vengsarkar, appointed captain at the start of the current series against West Indies, has told the
      Reuter  -  195 words
    • 103 11 AFP ALL-ROUNDER Ravi Shastri, who lost his job as vice-captain of India and captain of Bombay during a lean spell, is in trouble again, this time over a woman. Shastri faces disciplinary action for allegedly heaping a torrent of abuse on a woman
      — AFP  -  103 words
    • 228 11 AFP EIGHTH-SEEDED Martin Davis of the US survived a two-and-a-half-hour battle against compatriot Rick Leach to advance to the second round of the US$l5O,OOO New Zealand Open tennis championships in Wellington on Tuesday. The 29-year-old Davis beat Leach 5-7, 6-2, 7-5. nullifying
      AFP  -  228 words
    • 77 11 AP THIRD-SEEDED Claudia Kohde-Kilsch of West Germany yesterday beat Anna Maria Fernandez of the US 6-3. 6-1 in the second round of the US$l5O,OOO Ariadne Classic women's tennis tournament. Kohde-Kilsch had a firstround bye in the 56-draw Virginia Slims Series grass court event in Brisbane. Canadian
      — AP  -  77 words
    • 95 11 Reuter CLAIBORNE FARM'S Forty Niner, the top contender for the US two-year-old thoroughbred championship, leads a handful of candidates nominated for the 1988 Kentucky Derby, Preakness and Belmont Stakes. Triple Crown Productions said in Kentucky on Tuesday Forty Niner, winner of five of six starts
      — Reuter  -  95 words
    • 448 11  -  BRIAN MILLER frankly speaking... WITH THE YEAR ending and the curtains about to fall on 1967. this is a good time for reminiscing. But just for once, how about putting everything behind us and instead look ahead to the new year. Granted, the last 12 months haven't
      448 words
    • 369 11 AFP TWO FINNISH DRIVERS are firm favourites to conquer the Sahara desert and 600 opponents in the 10th Paris-Dakar rally which was scheduled to start yesterday. The rally, outside the framework of motor racing's established order, has grown into the biggest, most publicised
      AFP  -  369 words
    • 433 11 AFP HENRY COTTON, the British golfing legend who died three days before Christmas, receives a knighthood in the Queen's New Year Honours List. The 80-year-old maestro, who won the British Open three times during a glorious career, knew of his honour before his death.
      AFP  -  433 words
  • Page 11 Advertisements
    • 548 11 i£! NEW YEAR'S EVE SPECIAL £5 6-COURSE DINNER Traditionally Japanese. e«T^w^n mm Traditionally Unkai. 338 8585 ext ***** or 330 8310 Sample the delicacies of Japanese cuisine, THE WteTWSTAMFORD sushi, sashimi and teppanyaki. Four tatamr R*me»aty rooms are available for private parties. Located m^ on the 2nd floor. Open 12
      548 words
    • 44 11 ORDER ANYTHING ■■I mm ..J^M^M WOULD ASKING S V/ lIL_ 1_ 1 Jf> which derive* n» refcthtagMj 1 I j lZ grape* grown in the Tianjm 'epondjlj J Iii hliii i of China ■■BmßjHßtv MBit IF IT COMES WITH CHOPSTICKS. IT GOES WITH DYNASTY.
      44 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4246 12 BARGAIN-HUNTING and short-covering helped stock prices on the Singapore stock market to post modest gains yesterday, the last trading day of the year. The market opened on s steady note and rose gradually on selective buying. Brokers said there waa some buying support for
      4,246 words
    • 237 12 SINGAPORE,,,^ Ok I* Ok X tmrnmim 010 429 >T CinmHi 71*40 7204* ICS 719 +29 91 OS/OS 4241 4 337 C*»bo. SO, 424 4 22 "CADI -7129 -7007 tctmmam 333 4-21 tT 10-*WyMA .71*4 -715 J CCM 300 430 9TO0V 4 *****11 4 *****13 PAN 779 415
      237 words
    • 3266 12 IgCTION ONE Kama 11.14 1.1« 9 01 Uf 10 I.U t.U Alcoa 038 I 039 SI a 037 (II 031 Atml Stew) 508 i' 25 8 26 Si G) 12 11« 125 IS 1.24 (9) I 2* 3 12 113 127 IKS 13) 110 125
      3,266 words
    • 120 12 HOHG LEOMG CRELVT Ber had: 18th AGM at the Con(erene Room, 14th Floor, Bangunan Hong Leong. 117 Jalan Bandar, ***** Kuala Lumpur, today Dec 31. at 11am. INDUSTRIAL OXYGEN INCORPORATED Berhad: 18th AQM at Poinaaftia Suite 1, 2nd Floor (Tower Block). Petaling Jaya Hilton, Petaimg Jaya, today. Dae
      120 words
    • 249 12 -14 Manogor* prices Jop*. I for D«k 31 s»*«ton tw* mm on on Singapore Unit Trust 9 om T*o Coaaorco 089 095 u~6ond 100 103 Th* Sovxei W 0/7 OC S pom rrog fvnd 035 039 MAR A Bumiputra Scot* Soc Fund 059 o*3 tyT- o*3 o*B r
      249 words

  • COMPANY NEWS
    • 627 13  -  ALAN LEE Companies Editor PROPERTY GROUP Metroplex Btid has made major revisions to •the terms of its proposed acquisition of Metroplex Holdings Sdn Bhd (MHSB), whose chief asset is a shopping and entertaintment complex in Kuala Lumpur known as The Mall. The revision
      627 words
    • 149 13 Bernama ES AOKAM TIN Bhd ia still seeking more trading businesses and new investments under its diversification programme. The company has diversified 'into financial services, property, agriculture, manufacturing and retailing of food and electrical products. Managing director Shah Abu Mansor said after the company's 'annual general
      — Bernama ES  -  149 words
    • 511 13 MBT i TRACTORS Malaysia Holding 'has set itself the task of turning around the four motor compa.njes which it has just acquired from Pernas Sime Darby for M 513.4 million. j This will be done through I streamlining the operations of k the four companies
      MBT  -  511 words
    • 657 13 Bernama ES NEARLY 70 per cent of the companies listed on the Kuala Lumpur Stock Exchange reported profits and improved corporate t earnings in the 1986/87 financial year, KLSE General Manager Mr named Sal!eh Abdul Majid said yesterday. Of the 292 companies listed
      Bernama ES  -  657 words
    • 1062 13  -  FLORENCE CHOWG in Sydney NSW's third call for tenders attracts eight other bidders FOR THE THIRD time, Genting International has tendered for a licence to operate a casino to be built in Sydney's Darling Harbour. It is one of nine applicants currently facing close scrutiny
      1,062 words
    • 419 13  -  AMY BALAN NOT ABOUT to be caught unprepared, the Singapore Society of Accountants haa appointed a task force to look into the question of scripless trading of shares a step that the Stock Exchange of Singapore haa indicated it would implement over
      419 words
  • Page 13 Advertisements
    • 647 13 THE TAIYO KOBE BANK, LTD. i m^—^^^^~mmwmmmmmmm Non-Consolidated Balance Sheets Non-Consolidated Statements of Income March 31, 1987 and 1986 Years ended March 31, 1987 and 1986 Millions of yen j Minions of yen 1987 1901 INCOME: j ASSETS: Interest on Cash and due from banks 3,334,677 V 3.066.707 Loans and
      647 words

  • REGIONAL MARKETS
    • 356 14 AP Takeover of news agency breaks anti-monopoly laws THE AUSTRALIAN government has blocked plans by media magnate Rupert Murdoch to acquire a controlling interest in Australia's sole domestic news agency, saying it was not in the national interest. Federal Treasurer Paul Keating invoked the Foreign Takeovers
      — AP  -  356 words
    • 3142 14 PRICES REBOUNDED to hiojher levels on renewed buying on the Kuala Lumpur stock market yesterday. Scattered oouble-digitgains littered the boards at the close Plantation stocks were at the fore of intereat while ■sleeted industrial, property and tin stocks were also sought after. The firmer
      3,142 words
    • 229 14 Reuter TAIWAN stocks ended the 1967 trading year on Tuesday with a strong rebound and analysts said the market would grow at a moderate pace in 1988 against this year's fluctuations. The stock weighted index rose 42.02 points or 1.83 per cent to
      Reuter  -  229 words
    • 439 14 THE AUSTRALIAN share market drifted lower in thin, featureless trade yesterday, with light selling in most sectors in the wake of falls on overseas markets. Inatitutional investors were absent and the market was tsking its cue from New York and London, they ssid. "There waa no concerted selling it
      439 words
    • 1298 14 Hongkong SHARE PRICES on the Hongkong market closed slightly easier in thin trading yesterday ahead of the New Year holiday, brokers said. The Hang Seng Index lost 9.29 points to 2.291.98. Turnover was s sluggish HK5546.21 million compared with HK5598.20 million on Tuesdsy. The broader based Hong
      1,298 words
    • 155 14 THE SECURITIES Exchange of Thailand index edged up 0.57 to 284.94 on a turnover of 4.593.209 shares worth 378.36 million baht. Reuter BBC Si BAHT 9* Ao Kham Thai........... A yyjdhy* rtVfaWt tT>e>f»t 200 *20 Banpfcc* Aero-M 79 +1 Bangkok Bank 296 4-4 Bank O* Ayudhya 200 +4 OeaVOOflQ
      155 words
  • Page 14 Advertisements
    • 1395 14 NOTICES THE COMPANIES ACT, IN THE MATTER OF THE CHAPTER SO COMPANIES ACT, CAP. 50 Section ***** Mb) HH OFFSHORE SERVICES ITL J™ 9 THF In The Matter of The NOTICE OF RESOLUTION fBSfcT COMPANIES ACT CAP. 50 Comp«lte. Act NOTICE OF RESOLUTION jN TOT MAJTJBR OF TOT (In Voluntary
      1,395 words

  • WORLD MARKETS
    • 1120 15 Reuter New York THE PROFIT-TAKING that sent Wall Street 56.7 points lower on Monday extended into Tuesday's session, and stock prices closed moderately lower in light trading. A weak dollar and some last minute tax selling lent a negative bias to stocks, analysts said. The Dow Jones
      Reuter  -  1,120 words
    • 896 15 Reuter London SHARES OPENED higher in quiet early trading on the London market yesterday, with prices being marked up as bargain hunters came in to pick up stock after Tuesday's shakeout, dealers said. The dollar steadied yesterday morning after Tuesday's concerted central bank support and
      Reuter  -  896 words
    • 113 15 HONGKONG All Industrials Hongkong Index Wednesday 1.***** Tuesday 1.506 22 Week ago 1.***** Wednesday 1.9542 Tuesday 1.964 4 Week ogo 1.9484 NEW YORK Hang Seng Index Wednesday 2.291 98 Tuesday 2.***** Week ago 2.***** Dow Jones Tuesday 1.926 89 Monday 1.***** Week ogo 1.***** TOKYO Nikkei Average Wednesday
      113 words
    • 140 15 DEC 29 FT.S ABM 3830 1.7 Aegon 90 30 +1.2 Ahold 6000 +0.5 Akto SB 70 -0 3 Alrenta 144.00 0.4 AI4EV 37.30 +1.8 Amro Bank 88.80 3.3 AMStad 84.80 +0.3 Berket BOLS 82.00 -2 8 Borsumtj 87.00 +4 Buenrman Teflerode 42 70 01 diva Elaev.er 43.00 +1.2 FoUhk
      140 words
    • 129 15 DCC PM fOWMI 11 Air-Liquid* 499 80 -9.2 Aourtain* Nat de* Petrol** 231 -6 I S N Gervan Danone 4313 -19 C S F (ThomaonCaf) 142.50 -902.5 Credit Foncier 0« Franc* 979 -6 MkshaMn ***** -0.5 OFP 410 +40 P*trofina 1275 unch Peugeot Sa 909 -9 Philips (Ny G*m
      129 words
    • 88 15 OCC 29 FRO FORWARD MARKET Acec 420 -5 Arbod 1070 20 Astur 900 -6 Braacan 999 -2 Canpac 526 -10 Cock 120 +3 Oa Beers 305 -10 Ebee 4430 10 Gb-lnno-Bm 939 +19 Geveert 9000 -140 Gr Bru Lamb 2210 +10 Kobe* 5750 +20 Petro 9350 -150 Ryl Dutch
      88 words
    • 195 15 occ n rnAMcs Actions Suiuw 379 -6 Atueuieaeßr 490 -15 AtuaukJae Reg 199 unch Brown Boven Br 1999 -6 Citoe Getgy Br 2920 +70 Ob* Geigy PC 1900 unch Ctba Gletgy Rm 1290 -6 Crodtt Bulßea Br 2430 +5 Credit BMBM htm 479 +9 Eie*trowatt Br 2900 -100 George
      195 words
    • 45 15 OCC 29 ASCH Akg Holding 2960 +20 E. AHgem (Prof) 4770 -20 Jvingbunzl 5750 unch Laendorban* |Pref) 374 +4 Lenzing 970 -6 Laykam 277 +3 Montana ***** -69 Oeaterr Breu 2419 -40 Bempertt ISO +3 Stayr 121 4-1 Veitscher 730 +32 Source: Austrion lovnderbonk
      45 words
    • 95 15 DEC X» DM 4>* Am 18? 00 -7.5 BASF 282.00 -3 8« ye< 282.20 -48 Beyef Veremeoank ***** unch BMW 461.00 -tO Commerzbenk 213 00 -2.5 Cone Gumm, 200.20 -10.8 Daimier-Bem ***** 8.5 Deut»che Bank 386.80 -9 5 rXeecVw Bank 223.80 -2 Hoechat 290.80 -48 Hcejach 90.80 -0.5 Morten
      95 words
    • 233 15 oec at piano A Alpha Abercom 270 30 AaoJ 1100 unch Amaprop 4008 unch AMKV 4300 Bartow* 2000 unch C G Sm.tr, ***** CNA 440 Cum* Financ* 400 unch Edgars 1200 100 Fed Yolk 380 +10 FugH '206 mi v*(d 488 unch Lib Mold* 2360 100 Lonrho ***** 4-98
      233 words
    • 178 15 DEC 29 CS Abitibi 2BX -It Aican Alum 36 -X Algoma SU 14X Bank Nova Scotia 12» Bank 04 Montreal 6* -20» Bell Canada 37» Bp Resources IB -X Braacan CI A 27» -X Campbi Lake Canadian Imp Bank 19X X Canpac 29X unch Carting O Keeee Cn Btnrt
      178 words
    • 92 15 NEW YORK-based Bear Steams and Co Inc has acquired 531.300 shares of Timeplex Inc common stock, or 6.3 per cent of the company's outstanding common stock. In a filing with the Securities and Exchange Commission, Bear Steams said it bought the Timeplex stock for investment
      92 words
    • 408 15 FT Twenty-two million shares picked up in buying spree KUWAIT has resumed its aggressive buying of British Petroleum's shares in tho London stock market prompting speculation that it could take its holding in Britain's biggest company to as much as 29.9 per
      — FT  -  408 words
    • 395 15 NYT SEEKING TO remove the legal and other obstacles to its acquisition of the E F Hutton group, Shearson Lehman Brothers Holdings Inc has raised the cash portion of its bid, lowering the debt portion and sweetening the terms on the debt. Shearson s
      NYT  -  395 words
    • 351 15 Reuter AUSTRALIA* Bond Corp won th* bidding for controlling stake in Chile's Stat* telephone company with an offer of over US$25O million, according to Chilean government officials. Bond Corp Holdings Ltd, a communications group controlled by tycoon Alan Bond, fought off bids from a
      Reuter  -  351 words
    • 147 15 Reuter A SECOND major New Zealand shßrebroker has defaulted and ceased trading within a week, according to an announcement yesterday disrupting the shsre market's tranquil mid-sum-mer holiday season One of New Zealand's oldest broking houses, the Auckland firm of Buttle and Co Sharebrokers Ltd.
      Reuter  -  147 words
    • 365 15 Reuter FIRMS SELLING securities on the London market will not be compelled to declare a material interest in them to privste investors under rules proposed by The Securities Association (TSA), regulatory sources said. The sources said the TSA S rulebook submitted to
      Reuter  -  365 words
  • Page 15 Advertisements
    • 888 15 NOTICES s" In the matter of IN THE MATTER OF THE no The Companies Act COMPANIES ACT, THE MATTER OF THE*'"' Cma 1 50 CHA fIrS R 50 COMPANIES ACT, CAP. 50 and AND AND a In the matter of Jurong THE MATTER OF iuattob rtt? v Fn<rin«nn o Pto
      888 words

  • 335 16  -  ANNA TEO RATHER THAN introduce a tax incentive scheme to encourage worker training, the government prefers to expand the use of the Skills Development Fund, the Trade and Industry Minister has indicated. In a closed-door meeting with members of the National Productivity Council (NPC)
    335 words
  • 628 16  -  JOHN LIM Economy enjoys broader-based recovery WHEN PRIME MINISTER Lee Kuan Yew delivered his New Year address a year ago, Singapore had just emerged from a recession, turning in 1.8 per cent growth in its gross domestic product (GDP). A cautious Mr
    628 words
  • 369 16 Reuter TAIWAN, already one of the world's richest countries, is likely to become richer next year with its foreign exchange reserves possibly rising to US$9O billion, officials, economists and bankers said. The reserves are expected to increase by about US$29 billion this year to
    — Reuter  -  369 words
  • 102 16 AFP KOREAN opposition Reunification Democratic Party (RDP) Issdsr Kirn Young-ssm has celled for s unified opposition party in order to win parliamentary elections scheduled for early next year Mr Kirn ssid yesterday that the cell did not mean s merger between his RDP snd the Peace
    AFP  -  102 words
  • 240 16 Reuter PRIME MINISTER Prem Tinaulanonda aaid yesterday that Thailand would cautiously adjust its economic policies to growing world economic uncertainties in 1968. He said in a New Year message that an expected 5.6 per cent real growth in his country's gross domestic product
    Reuter  -  240 words
  • 225 16 THE PRIME MINISTER is proceeding with legal action against the Far Eastern Economic Review for what waa described as libellous and untrue allegations concerning him in an article the magazine published on the Marxist conspiracy. This follows a refusal by the magazine to
    225 words
  • 544 16  -  MARTIN SOONG POLICE and immigration officials yesterday rsided the offices of the Christian Conference of Asia, shut down the Protestant body and gave expatriate staff until Jan 11 to leave Singapore. A Home Affairs Ministry statement yesterday said the CCA, registered
    544 words
  • 58 16 Reuter GOLD FUTURES opened lower and fell further in thin lacklustre dealings yesterday, pressured by the steadier dollar. February gold fell US$3 to U*****.40 an ounce, after trading between US$4BB and U*****.60. Comex silver fell in thin lackluster early trading. March silver fell six cents to
    Reuter  -  58 words
  • LATE FILE
    • 59 16 AFP POUR major Indian opposition groupings, including on* Isd by dissidents from Prima Minister Rajiv Gandhi's ruling Congress (I) Party, are to merge, a former federal minister was quoted aa saying yesterday. The Janata (People's) Party, Congress (Socialist), Lok Dal (Ajit Singh faction) and Jan
      AFP  -  59 words
    • 44 16 AFP INDONESIA Mid yesterday that McDonnell-Douglas had won the battle to launch its latest satellite by 1960, ousting the National Space and Aeronautics Administration (Naaa) and European concern Arisnespacs. McDon-nell-Douglas was chosen because it was prepared to beer third-party liabilities
      AFP  -  44 words
    • 54 16 Reuter THE Philippines will implement on Jan 1 a uniform 10 per cent value added tax (VAT) on goods and services, replacing the existing fourtiered tax structure. The tax is applicable to all levels of production and distribution, including traders and retailers. Currently tax is applicable
      — Reuter  -  54 words
    • 60 16 AP SINHALESE extremists yesterday raided s police station in southern Sri Lanka, seriously injured two policemen snd escaped with arms and ammunition, a senior pottos official reported Mors than 40 Smhalaese militants suspected of belonging to the outlawed People s Liberation Front, stole eight automatic
      AP  -  60 words
    • 61 16 AFP SOVIET State Security Committee (KGB) chairman Victor Chebrikov has left Vientiane attar s three-Cay visit to Lsos, the official Laotian news agency KPL said in a report monitored in Bangkok yesterday Mr Chebrikov had talks with Laotian lesdsr Kaysone Phomvihane on issues concerning
      AFP  -  61 words
    • 43 16 Bernama PAKISTAN and Brunei Darussaiam yesterday signed an air services agreement, according to Television Brunei. The agreement the first between the two countries, waa signed in Islamabad, ft provided for the operation of flights between tne two coun- tries. Bernama
      Bernama  -  43 words
  • 126 16 AP JAPAN ia replacing the United States aa South Korea's Isrgeet steel customer thia year and the trend ia expected to continue for the time being. The Korea Iron and Steel Association aaid yesterday South Korea'a steel exports to Japan were expected
    AP  -  126 words
  • Page 16 Advertisements
    • 35 16 Economy ■D Tong Bee tel'jp. s pj nance cq Ltd Hire Purchase Industrial and Commercial Machinery Construction Equipment Properties Share Loans 116 Middle Road #03-01 ICB Enterprise House Singapore 0718 z Tel: *****81, *****04, *****87
      35 words
    • 155 16 GIVE THEM THE WEEKLY FINANCIAL REPORT OVER HERE NSS^^^ OVER THERE. Help your office over- JT^....,... «r»».^»», seas keep track of the dollar and its fluctuations. I With The Straits Times 1 Weekly Overseas Edition. I jjj <IW I Printed on lightweight —,0 r paper in convenient 1 tabloid size,
      155 words

  • SHIPPING TIMES
    • 100 1 Reuter STRIKING Nigerian dockworkers were told to return to work after a two-week stoppage over pay which brought ports to a virtual standstill, Lagos Radio said. Lagos Radio said the president of the National Union of Dockworkers, J Ogunleye. asked members to resume work
      Reuter  -  100 words
    • 346 1  -  JUNE LIM TWO EAST European carriers have agreed to provide a joint container service in the Far East-Europe trade next year. The East German line, Veb Deutfracht Seereederei Rostock (DSR) and Polish Ocean Lines will begin their slot charter agreement on
      346 words
    • 238 1 UPI THREE MAJOR Japanese heavy industry companies will merge their shipbuilding divisions to get over the protracted business slump, the Asahi Shimbun reported. The mass-circulation newspaper said an accord was reached in a series of top-level meeting held by Ishikawajima-Har-ima Heavy Industries, Kawasaki
      UPI  -  238 words
    • 131 1 Seatrade Week NIPPON Yusen Kaisha will inaugurate 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. Though the
      — Seatrade Week  -  131 words
    • PORTSIDES
      • 80 1 THORESEN BANGKOK has bought two 14.000 dwt sister ships to transport frozen products. Each vessel has facilities to carry a total of 2,250 tonnes of fully refrigerated marine products and chicken in containers and chambers. Bangkok Post reported. When the two vessels join the Thoresen
        80 words
      • 157 1 ABOUT 10 people were burned or injured when a ferry caught fire and sank in southern Bangladesh, officials said. The boat was carrying about 150 passengers double its sanctioned capacity when it caught fire on Monday during its run from the southern island town of Patuakhali to
        157 words
    • 61 1 FOR THE FIRST TIME in years, the Reagan Administration has proposed an operation differential subsidy programme (ODS) for US-flag operators. Pag* II THE AUSTRALIAN Shippers' Council is concerned that the government's proposed reform package has received less publicity. Page 111 Index to advertisers II Shipping schedules VNI London freights
      61 words
    • 1410 2 Seatrade FOR THE FIRST TIME in years, the Reagan Administration has proposed an operation differential subsidy programme (ODS) for US-flag operators. Since 1982, when it announced existing ODS contracts would be honoured but no new ones accepted, the administration has turned
      Seatrade  -  1,410 words
    • 806 2 c AB Shpg V 5 c ABC Container VIII 1 Accord Shpg VI 3 c Africa Ocean X 2 Alltrans VII 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 2/3 AMI I 1/2 A PC line V 4 API 111 2/3 Arrow lines
      806 words
    • 826 2 ALL SECTIONS of the freight market on Monday were very dull following the Christmas holiday with little activity expected before the New Year, shipbrokers said. Indian Government confirmation was received for sulphur business from Shuaiba to India at US$lB and from Jubail at $15.25 with rock phosphate reported
      826 words
    • 390 2 Jen 14-15 The sixth international High Speed Surface Craft Conference will be held at the Heathrow Penta Hotel. London. Th* conference will discuss the latest research, development and operation of all types of fast ferries, crewboats and other service vessels. Jan 19 The Trinity House, Nautical Institute (Dover
      390 words
    • 441 3 THE AUSTRALIAN Shippers Council is concerned that the government's proposed reform package that could dramatically change the system of shipping that has served Australia for nearly a century has caused little comment and received less publicity. ASC executive director, Mr Ric North
      441 words
    • 196 3 A SCHEME to attract vessels away from the Cape route and through the Suez Canal benefited the waterway by US$22 million in the first three months. Officials visiting London from the Suez Canal Authority said large bulk carriers and tankers could now negotiate
      196 words
    • 45 3 SRI LANKA handled 323.472 TEU in the first 10 months of 1987. 18.7 per cent higher than the comparable 1986 figure. For the October month, Colombo's throughput amounted to 40.183 TEUs of which 72 per cent were transhipment cargo.
      45 words
    • 522 3 Reuter MOZAMBIQUE has scaled back its hopes for a swift increase in earnings from carrying freight for its neighbours, s vital source of revenue for a country whose imports are seven times its exports. Prime Minister Msrio Machungo told the Popular Assembly
      Reuter  -  522 words
    • 119 3 International iranspon journal THE Norwegian Specialised Auto Carriers. Nossc, will offer two more sailings a month to the Far East via Suez to accommodate trade increases next year. These will be in addition to the two departures s month from North Europe to
      — International iranspon journal  -  119 words
    • 199 3 ALL SURVEYS were conducted on Dec 7 Argentina Buenos Aires 15 vessels operating, Bahia Blanca Normal operation. Australia Brisbane. Sydney. Melbourne, south Australia and north Australia Normal operation. Brazil Santos 30 vessels operating. Chile Arica and Valparaiso Normal operation. China Xingang and Huangpu Normal operation. Colombia Barranquilla Normal
      199 words
    • 7809 8 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
      7,809 words
    • 126 8 Thte weekly report ia prspered by Varitaa Petroleum Senrtees, Lonclon. The information, minimum and max 111vum levels, ia baeed on limited samples from motor vessels ei»etyeed In its laboratofioe. More comprehensive fuel quality inttsnrvatipn ia poeted la perticipents In Iha Veritas fuel quality tea ting pro-
      126 words
  • Page 1 Advertisements
    • 1371 1 TIMES 1 Jlkmmm mm STP Distributors Timos muamnhina Group tJK i «t_v tf tam mmW jWnE SHIPPING AttHCIES (Raj. No 74JK4/ JARWNE SHIPPING «ttNCIB WWO m% I IMF INANG TEL 6J4144 TELEX NO MA***** CTS TEL MB* CHgtNT Co******** LlWrt rr II ill. I > 6uDAH< m agafl rgp nc
      1,371 words
    • 1416 1 times nop [sjP_DisWbi J jor^ Tim— Ria»»»»!,!, tVf» mawsmsmmm. SINGAPORE/ U.S.A. END YEAR SPECIAL "LEXA MAERSK" VOT 8802 Departure 31.12.87 This week Arthur Closing Tim* 07 1 2300 MRS CFS 07-1 1300 MRS ANT ROT BRV HAM UEH FXS AAW CPH OPT I OSL ARTHUR M 55 I 6/1 M
      1,416 words

  • Page 2 Advertisements
    • 1155 2 I ytsstts 1 VOY j VIA FEEDER I SPORE I HAMBURC 1 fELIXSTOWE I ROTTERDAM I ANTWERP I IE HAVRE I PU j PWC" ETA/fTP ETA ETA ETA ETA ETA wue oc piuTow bmm 2*12 30/12 ua w m w w HE BHtWE gg ~~w W g w u/j w
      1,155 words
    • 21 2 Lines and services represented by //.d5mY, Members of the Registry of Accredited -.»©»3 Shipping Agents. Singapore National V^st^V Shipping Association X^^X
      21 words
    • 613 2 DIRECT CONTAINER SERVICE TQ WEST INDIES J SPORE LA REUNION P NOIRE P CENTiI LIBREVILLE OOUAU COTOWOU LOME ABIDJAN DAKAR ERNST VENTURE BLAB ZIAB. CR ABIDJAN U* 2W 93*2 BSAK 878J2 08/B2 10*32 12*2 17RB ALSO ACCCFT BJBJBJBJ TO NULNWTTUB LUANDA, BAMOUL OTIIIBBBII. WAMCT. OUAGADOUGOU BOS© DBOULAMO. TAOWDt, BAMAKO BAMAA.
      613 words

  • Page 3 Advertisements
    • 1682 3 The Straits Steamship Group Mansfield £^f™TSJHI^ V Jpr Shipping Pte Ltd Brunei Ports and Bertgkofc Pjtvn CONTAINERSHIP SERVICES TO/FROM BANGKOK 14JeV/V>L« Containers Limited s pmc bkok «>rntn/>r m tmr /t>rmtTmmZVT7\ pegasus progress VSI3N «os laa m m j»o SERVICE TO UK/COWTWENT: J m mj. Ma loan r tUm* I S'tw
      1,682 words
    • 1248 3 "sMaaaSnaff 1 OUTBOUNO LIM iBOOMStt MT,W H*J ItICMSSE IEtsEL m m Isat \m |fu B H g—» ■stcmsEBATN SENATOR ZZ n\\ 55 S« tIS S2 BELGIAN SERATOR «F 711 28 01 18 92 lUX 20 02 21 02 «S Si SE SS fJ2 Si J!5 CERMAI SERATSI tf 712 BBK
      1,248 words

  • Page 4 Advertisements
    • 320 4 U. Hapag-Lloyd S Wishing all our customers, friends and their families a very happy and successful 1988. ——Agent, ffi MMEMSI 1 Singapore *****00 Lumpur *****25 tooting *****06 P Ktlanf 568/311 •4W CFS *****4« CFS *****50 W Pwiang *****7. 613W2 W BIRKART I lASB SOUTHEAST ASIA PTE. LTD. 1 aajpa 7
      320 words
    • 895 4 *W KSline I Sport I LeMj.fe Fstmre R'dam Hbuf| B'he»en KOREAN JACEJIN 42W 3 1 21 1 22 1 23/1 25/1 26,1 KOREAN JACEWON «W S I 231 2S 1 24 1 271 28 1 NEPTUNE CRYSTAL 43W 10 1 28 1 29/1 30/1 I*2 2/2 CHINA CONTAINER 43W 17*1
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    • 466 4 PTE l ro NEW WEEKLY DIRECT SERVICE TO COLOMBO: sailing 5/1 7/1 EURO-AFRICA LINE SIN FOR: PORTO, LISBON, ORAN, BILBAO 16/1 MADRID. MALAGA, MELILLA, 25/1 TANGER TENERIFE, LASPALMAS. TUNIS, VALLETTA, IRUN, CEUTA. ALQbER ISTANBUL U-S.A. SIN LBH iNYCIALSO ACCEPTING TO 12/1 14/2 21/2 CHICAGO. BOSTON, JAY, PHIL. SAY 5/1 7/2
      466 words
    • 1542 4 SCP HKG KSC KLC PUS OSK TYO KSN CmTtALWtClSltSKim^ EVER GENTRY In PI 4/1 l/l «1 »Wi7l«WIJiajtWWW EVER CLEAATf/EVER CUIOC 6 1 121 Ul LS/1 X*Vl JRVI 21/1 9/2 11/2 15/2 17/2 24/7 27/2 2*72 29/2 2/3 24/3 EVER GOLDEN .U1 20 1 22.1 IM 2Rr2 2W 24« M 73
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  • Page 5 Advertisements
    • 1203 5 JLIK r vessel VOY SIN jkt sby VOY SIN pod hkg kao kee mtc yok ngo koo bus MAJAPAHIT iSSS SLD SLD SLD 16NB 3/1 OMIT S/1 10/1 12/1 17/1 OMIT IS/1 20/1 OOWA 17W 0/1 Ofl 11/1* ISNB 10/1 10/1 10/1 20/1 22/1 20/1 27/1 20/1 1/2 HOT A
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    • 867 5 EXPRESS CONTAINER SERVICE TO UK/CONTINENT S PORE P KLANG STON HAM B HAVEN ROAM HAVRE Kowlaon Bar 171 S/1 2171 2571 27/1 27/1 2971 Frankfurt Eiprau U/l 1271 MR 2/2 1/2 4/2 S/2 Ouka Bay 171 1» 1 S/2 772 «2 S/2 U72 Cty al Unaarin 2471 24/1 14/2 17/2
      867 words
    • 622 5 DJASAGETRI A Joint Europe Servic* Of: P.T. WAKjOTA LLOYD FX GEBURI LLOYD P T. *3tMTO&RA P.T. TTHKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES > MNiAPiRE to imn vsl/voy rPOH tHMto Hm h m*vi»uhn OCIA» PRIMA/*** 141*1 I*7 22/2 2572 out** tjMw 2>nn in hj no bmtaaasvm \u-aa I- w m BaHS,
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    • 439 5 Itftpj BURMA FIVE STAR ÜBsM SHIPPING CORPORATION (Burmese National Line) Spore P.Kelang Penang Bangkok PAGAN Vl27* 4/1 Jan pa-an ni** 7» mm HTONEYWA V23IW 12/14 Jan ItYOBMYWA 1719 Jan 1/10 Jan W. BANK LINE V DfftESS SM-OttTAINER SERVICE NORTHBOUND TO UKC SPORE RDAM HULL HMBG RtORAYBANK V4N 17/1 7/2 15/2
      439 words

  • Page 6 Advertisements
    • 1531 6 \W RTLRFITIC CDRST (Round The World Serv.ce) W',''' *PK PNG SPORE LB CHLS NFK NYC HFX WW* I ORIENTAL FREEDOM VT7 SKI 31 Oac 23 Jan 2 Feb 4 Fab 6 Fab 10 Feb J ORIENTAL FAITH V 6 2 Jan 7 Jan 30 Jan 9 Fet 11 Feb 13
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    • 744 6 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL ConUlnere Singapore P Kelang Penang Loading lor Mother Vsl By reeder By feeder INDIAN COURIER V 27N Jan 2 Jan 2 Jan Cao/Madrat/H,u/Calcutta SO TRIPURA V 33H 9 Jan 2 Jan 2 Jan Kandla Bombay LOTTE SCHEEL V3O 11 Jan 4 Jan 4 Jan
      744 words
    • 943 6 Vy*o GOLDEN LINE I MS SV GUAN GUAN SHIPPING (PTE) LTD I V S. Tt*o* Ayar Street TF* 4 SINGAPORE 0104 TEL SM39M (II LINES) Ea. *****04 STRAITS/PERSIAN GULF SERVICE: Spore PKetong Penang J GOLDEN HARVEST Cotomßo RaractiifDubai ISA* Jan GOLDEN LAND Colombo Karachi'Dubai 1/10 Feb CHINA SERVICE I GU
      943 words
    • 816 6 I MIDDLE EAST FAR EAST FCL j LCL SERVICE I VESSEL ETA SMAPMK BJBJJIJIjBJ)IJJJJI "l/i loTi miMt. dmwmh kubwrt m *1 DOHA MUSCAT, BAHRAIN I ABU DHABI i ShVUUAH JEOOAH, WXKXm. mWM I TBN MB 131 H KONG KOBE. tffLUNG. 28/1 MANILA. BANGKOK TOKYO I C0L0BBK». KARACHI BjBJJBI M LTĔAST
      816 words

  • Page 7 Advertisements
    • 1042 7 Wk4 44V 7 LYdW I H s NEPTUNE AGENCIES PTE LTD. FE EU/AUST TPA/SEA XL/ bmV mm mm mm I t.i no Terminal cfs bookings 2?tvu 27*57« \\v___-v/ B HI *****22 *****« 27*11» 27*111 \\V MA LWg WM 27*111 ***** M V£f— PAtUng NEPLINE SDN BHD MNL' INWARD/OUTWARD VP»>"~ mm*
      1,042 words
    • 491 7 BIHEUNG-A SHIPPING, W&m Korean Flag Vessels Vessel Name ETD BS BKK SPORE PKELANG BUSAN MOJI No 9 Donam 709N SM Sid In Pert 03 0301 12-I*ol 17/01 No I Donam/710N 26/12 07/01 10-11/01 12-14 AM 24-26/01 ***** No 7 Denam/711N ***** 11/01 14 17/01 18 20(01 29-01/02 03/02 •Gloria 721N
      491 words
    • 1388 7 m 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 PENANC us HANOLIMG SYSTEM CO SON. BHD *a MESSRS HAI THONG SHIPPING 127 Penang
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  • Page 8 Advertisements
    • 66 8 SINGAPORE i •> i j SHIPPING i ICOIHMIIEATIOK! PTE LTII I i I Ml I I *a* I I I I I ejj WISHES ALL j I I i wr I CIISTOAiERS i •>• ar I AND i •> i 5 urn I I y I I I i HUSINESS
      66 words
  • Page 8 Miscellaneous
    • 134 8 SIOJWttAfiT WEATHER AND SEA CONDfTIONS AT 7JS AJNL TWt MOWWIO. UGEHO P i T«fnp«r<T»ur« »p <J rV^'°mi Wrottwr W«d aV«ctwn w*h speed m knots Rc r Wove rtoght Cloudy Sky mffm mm* are mmtmf* mj mmm mmm H> wwk tke we On* fu* circkt repreieot* cokn or kaht ond vonobte
      134 words

  • 1378 9 AT CONVENTIONAL WHARVES u-»»*o. J. *****0 Km line No 1 J2 alongside 31 12 1900 1/1 Ponio. 'asp' 'a 12 alongside 31 12 2359 oenn Arrival Departure sp uw.w b a oiongs.de *****/00 IfCDDCl mu a Dure Beio.t m B J2 3 a o"yitJe 31 12*2300 IVCrrtL
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  • Page 9 Advertisements
    • 734 9 SCHENKER WĔ SIr\JC3AJaO«E CgrrE) LTD WEEKLY LCUFCL CONSOL. SERVICES TO VANCOUVER, TORONTO, MONTREAL (CANADA) SPORE VANCOUVER TORONTO MONTR EA SCHENKER IV 6 1 1, 2 88 7/2/88 8/2/18 SCHENKER V 13/1 8/2/88 14/2/88 15/2/88 SCHENKER I 20/1 14/2/88 20,2/88 21/2/88 SCHENKER II 2C/1 20/2/88 26,2/88 27/2/88 Alee ecoe©en§ earae lor
      734 words
    • 122 9 REGULAR EXPRESS CONVENTIONAL SERVICE TO CALCUTTA VSL BLT Sport Loading For WAKAYU 62A 1912 15th JAN 88 CAL. MADRAS' •SUBJECT TO INDUCEMENT G. AGENT: TAIKA SHIPPING A ENTERPRISES PTE LTD TLX ***** TAIKA TEL *****78 BOOKING AGENT: RICK MARINE ASSOCIATES PTE LTD TLX ***** RMA TEL *****» MPNC LINE MASKAPAI
      122 words
    • 1128 9 m UNIPACIFIC TRANSIT. UM TRADING AGECY «9 PTE. LTD. 9 EAST BOUND SERVICE lETA SPORE LOADING FOR MV SINOBAD S/2 Japan HV ALRA7J 3/2 Japan J WEST BOUND SERVICE £j ETA SPORE LOADINC FOR MV BASRAH 8 1 JfOOar- Kytm, m%pM MV BAGHDAD IS 1 Jeooan AqaUa. Bagho*) THROUGH B/U
      1,128 words

  • Page 10 Advertisements
    • 285 10 Bjll PJH WEEKLY CONVENTIONAL HEAVY LIFT SERVICE FROM SINGAPORE/PORT KELANG TO: HONGKONG KEELUNG KAOHSIUNG TOKYO/OSAKA YOKOHAMA NAGOYA/KOBE CAR CARRIER SERVICE TO MUARA,KUCHING XX Loading at appropriated Berth P4-P5 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG. TAIWAN CHINESE PORTS. SUBJECT INDUCEMENT IMLINTERMARITIME SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS
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    • 608 10 FOR RELIABLE AND FAST TRANSIT wvm V WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES I VSL Sport |LeHavre [Connecting VSL |Fer: JUTLANDIA V 471 5/1 72/1 ATL. CARTIER Halifax, New York NED DELFT V4tt 12/1 29/1 STUGCART EXP jaitimore, NIHON V49t 11/1 4/7 ATLANTIC CONVEYOR Also serving
      608 words
    • 276 10 fori- farriers LCL WEEKLY SERVICE TO: KEELUNG 6/1 HAM/BREM 3/1 BANGKOK 2/1 ROTTERDAM 8/1 HONGKONG 2/1 TILBURY 3/1 FREMANTLE 31/12 SYD MELB 7/1 ADELAIDE 31/12 (transit time 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY ETD GERMANY ETA SPORE CON-CARRIER 51/87 15/12 4/1 CON-CARRIER 52/87 22 12 U/l LCL SERVICE TO
      276 words
    • 842 10 mmmm CALL US AT: j 3<f 1 p KELANG 36K78/38k71U frl PENANG 04-*****2/4 *****3 IkVlini^il P GUDANG 07-*****3. *****5. *****0. *****1 giasss; a 522 ITO EUROPE 1 FKPC I I Egga MTHR VSL I SINGAPORE LEHARVE ROTTERDAM! HAMBURG MThTK-UKC" I BUTANC <05 311? COl JUTLANDIA «71 05 01 SB "55
      842 words