The Business Times, 12 January 1988
1988-01-12
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The Business Times
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Title Section11 1988-01-12 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, JANUARY 12, 1988 75 CENTS11 words
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Article156 1988-01-12 1 OvtrMM markets Monday HK Hang Song Index 2428.84 (-31.83) Tokyo Nlkkol Averag* *****.43 (-294.13 Sydney AJI-Ordinarles 1266.3 (-43.2) Frtdoy Now York (Dow Jones) 1911.31 (-140.58) London (FT 30 Index) 1424J (-10.0 (noons) Exchange rates US$> 128.15/25 yon 1.6370/80 DM S$2.0380/90 £< US$ M$, S $0.8009/16 SlflMX Euro-$156 words
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267 1988-01-12 1 THE FEDERAL RESERVE, the US central bank, yesterday made one of its rare appearances in the Singapore foreign exchange market, which saw the US dollar decline. However, the dollar managed to post a small gain in Tokyo, where dealers suspected that267 words
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178 1988-01-12 1 Reuter WORLD MARKETS and businessmen worried by the risk of recession need a clear signal from major trading nations that they are committed to reducing trade barriers. Former South Korean premier Nam Duck-Woo, in his report on an international conference over the weekend, saidReuter - 178 words
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Article55 1988-01-12 1 Reuter WALL STREET STOCKS turned lower after an early rally in the blue chip issues failed early yesterday. Gruntal's Alan Ackerman said stocks rallied on a smaller-than-expected decline in foreign markets following Friday's steep New York loeses The Dow Jones Industrial Average was off 2 points at 1909Reuter - 55 words
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Article, Illustration607 1988-01-12 1 AMENDMENTS to the Parliamentary Elections (Amendment) Bill will ensure that all political parties engage in moderate, multi-racial politics instead of taking on a communal or racially extreme approach. This, emphasised First Deputy Prime Ministsr Goh Chok Tong, was the larger objective of the607 words
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Article, Illustration400 1988-01-12 1 SINGAPORE'S international competitiveness continued to improve last year in spite of the strengthening of the Singapore dollar against the US greenback, Trade and Industry Minister Lee Hsien Loong said in Parliament yesterday. "This reflects the success of our wage restraint policy and the higher400 words
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389 1988-01-12 1 LOH HUI YIN, CHUANG PECK MING, LILIAN ANG - Reports by LOH HUI YIN, CHUANG PECK MING, LILIAN ANG SINGAPORE MPs queued up in Parliament yesterday to have their say on a bill before the House which could change radically the way they are elected. Fourteen MPs spoke on the Parliamentary389 words
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Article, Illustration582 1988-01-12 1 LISA LEE - Tokyo market shows resilience By LISA LEE WALL STREET'S third largest plunge last Friday did, as expected, spark a sell-off in major Asian stockmarkets yesterday, the first general fall this year. The losses would have been more acute but for the resilience of the582 words
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Article57 1988-01-12 1 AP SHARE PRICES moved sharply lower yesterday on the London strt* exchange but later recovered from the morning's worst level. The Financial Times 100 Index hit an estimated low of 00 points down at around at 0815 GMT. By 1300 GMT, however, the index had recovsredAP - 57 words
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163 1988-01-12 1 Reuter JAPAN'S Prime Minister Noboru Takeshita arrives in Washington today for critical talks with President Ronald Reagan on tense US-Japanese trade relations and the need for stable currency exchange rates. US end Japanese officials say the two sides generally agree on ways toReuter - 163 words
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Page 1 Advertisements
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Advertisement69 1988-01-12 1 Nikon Th? World's Finest Photographic S»sfem EURO SHOE SHOP PTE HD ALSO AT CENTREPOINT BALLY-LEISUREWEAR Collection The exchangeable insole with the contoured foot-bed has been treated with activated charcoal. Activated charcoal sibsorbs and peutralizes, giving you natural comfort. BALLY SWITZERLAND MAYA Sizes 5 to 11 NEW ARRIVAL THE MARCO POLO69 words
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Advertisement279 1988-01-12 1 ,v», AFTER NINE YEARS of handling cargo In Singapore, a Japanese freight forwarder has decided It is time to handle people as well. HOME NEWS, Page 2 JAPANESE AND ASEAN markets have Increased in importance for Singaporemanufoctured goods. HOME NEWS, Page 2 SOVIET LEADER Mikhail Gorbachev has called for a279 words
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Advertisement126 1988-01-12 1 Nikon The World's Fmest Photographic FuH report Pago 12 When In Tokyo, do what tho <oroignor» don't, Pag* 13 Roglonal mortal*, Pago 14 World marta*, Paga 15 Uniflash cures all cash withdrawal symptoms. Now you need never suffer the headache of only being able to withdraw cash from one single126 words
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HOME NEWS
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Article, Illustration599 1988-01-12 2 RICHARD SEAH - Inchcage sets venture with air cargo company By RICHARD SEAH AFTER NINE YEARS of handling cargo in Singapore, a Japanese freight forwarder has decided it is time to also handle people. Yusen Air and Sea Service (S) yesterday launched a new company, Yusen Travel, to599 words
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220 1988-01-12 2 PRODUCTIVITY of Singapore Airport Terminal Service* (SATS) improved by a further 6.7 per cent laat year while value-added per employee went up by 9.7 per cent, said chairman Lim Chin Beng in his New Year message reported in Outlook, the SIA group newspaper.220 words
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104 1988-01-12 2 DYNASTY HOTEL has settled a flexi-wage package for its bargainable staff. Under the package, 248 bargainable workers will get a 2.5 per cent service increment, backdated from last April. They will also get a one-time "variable productivity payment" that would be about104 words
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146 1988-01-12 2 THE Human Organ Transplant Act 1987 will be fully implemented from Saturday, after an initial grace period of six months to allow people to register their objections. The Act, first implemented last July, allows for the removal of kidneys of those who146 words
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Article, Illustration352 1988-01-12 2 LILY FERNANDEZ - By LILY FERNANDEZ JAPANESE and Asean markets have increased in importance for Singapore-manufactured goods, according to the results of a survey released yesterday. The survey, conducted by researchers from the School of Management at the National University of Singapore, also showed that352 words
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150 1988-01-12 2 A LOCAL pharmacologist has been awarded a special grant of $29,000 by the Swiss-based Sandoz Foundation for Gerontological Research for his research on the process of ageing. Dr Shabbir Moochhala, who is with the Department of Phar- macology at the National University of Singapore,150 words
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441 1988-01-12 2 OF THE THREE major projects Mr Ong Teng Cheong oversaw as Minister for Communications, the MRT system was, in his view, the toughest in political terms. This was because of the tremendous impact of the project on Singapore society, said441 words
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202 1988-01-12 2 EMPLOYEES of Keppel Shipyard will be taking home nearly 3.2 months of pay this month-end as their productivity bonus for last year. The amount is almost twice the sum they received 1.7 months' pay as year-end bonus last year. The Union of Keppel202 words
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168 1988-01-12 2 SINGAPORE has clinched the second place in a survey for the Best City for Business Conference for 1907, in which more than 1,000 subscribers of s British magazine, Business Traveller, were polled. London grabbed the top spot and San Francisco was placed168 words
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YESTERDAY IN PARLIAMENT
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Article408 1988-01-12 2 THE GOVERNMENT said yesterday that recent moves to restrict the sales of several foreign publications have not hurt Singapore's efforts to become a regional communications centre. Communications and Information Minister Dr Yeo Ning Hong said this during his reply to oral questions from Mr Chiam See408 words
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Article361 1988-01-12 2 THE GOVERNMENT is taking a series of measures to ensure that account holders do not abuse the Medisave scheme, Acting Health Minister Yeo Cheow Tong said yesterday. This comes after the governmen discovered four cases of abus where account holders had alsely declared their361 words
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205 1988-01-12 2 FOR EVERY SINGAPOREAN who chose to leave Singapore for good in the last decade, there were 11 foreigners who won approval to swear allegiance to this country, Dr Lee Boon Yang, Minister of State (Home Affairs) said yesterday. Some 8,144 Singaporeans had given up their citizenship205 words
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BRIEFS
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Article103 1988-01-12 2 HOME Affairs Minister S Jayakumar will introduce today a motion asking the House to accept the Report of the Commission of Inquiry on Investigations concerning the late Teh Cheang Wan. The commissioners have, in their report released recently, concluded that the Corrupt Practices Investigation Bureau103 words
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97 1988-01-12 2 THE Housing and Development Board only takes back flats from lessees and tenants who are in arrears of payments as a last resort and after repeated reminders, said National Development Minister S Dhanabalan. Last year, 759 lessees and 845 tenants were served with notices97 words
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Article89 1988-01-12 2 SMRT will consider prolonging its services on weekends and the eves of holidays, as well as lengthening the validity period of season tickets, said the Communications and Information Minister Dr Yeo Ning Hong. So far, the MRT trains have made eight million passenger trips, averaging three trips89 words
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Article89 1988-01-12 2 EDGAR d'Souza has declined to let the Australian government reveal to the Singapore government whether he has been given permanent residence there, said Second Foreign Minister Wong Kan Seng. The Australian High Commissioner, he said, was unable to give the specific information asked for. The former89 words
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Article95 1988-01-12 2 PEOPLE detained for their involvement in the Marxist conspiracy and released recently are not deprived of their right to take part in constitutional political activities, Home Affairs Minister S Jayakumar said. The government has the power to ban them from taking part in political95 words
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Article68 1988-01-12 2 PERMANENT residents, like other non-citizens, need to apply for work permits if they earn less than $1,500 a month but "practically none" of them has been refused a permit, said Labour Minister Lee Yock Suan. And unlike other non-citi-zens, they are not confined to the manufacturing,68 words
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OVERSEAS
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363 1988-01-12 3 NYT ABOUT US$l.5 billion in international aid available to the Philippines is stuck in the pipeline awaiting decisions on how it should be spent, according to officials of the US State Department, Pentagon and Agency for International Development. The officials acknowledged thatNYT - 363 words
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373 1988-01-12 3 Reuter A POWERFUL EARTHQUAKE that rocked Tokyo last month proved the value of a revolutionary design aimed at making buildings quake-proof. Bouncing buildings resting on springs and rubber shock absorbers are the answer, say a number of Japaneee companies. A total of 12 buildingsReuter - 373 words
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Article, Illustration306 1988-01-12 3 UPI LORD WILLIE Whitelaw, the powerful deputy to British Prime Minister Margaret Thatcher, resigned from the Cabinet on Sunday for health reasons less than a month after he suffered a minor stroke. The 69-year-old peer and World War Two hero was intensely loyal to MrsUPI - 306 words
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Article158 1988-01-12 3 Oana-Antara NETHERLANDS Deputy Prime Minister Dr RW de Korte, who is also Minister for Economic Affairs, is in Jakarta on a five-day visit to promote bilateral relations, especially economic, between the two countries. Yesterday, he was scheduled to meet Indonesian Cabinet ministers, including Minister CoordinatorOana-Antara - 158 words
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442 1988-01-12 3 UPI SOVIET LEADER Mikhail Gorbachev has called for a summit with China to crown improved Kremlin relations with Beijing after 25 years of feuding. Mr Gorbachev told the Chinese magazine Liaowang in an interview released on Sunday by the Soviet Tass news agency thatUPI - 442 words
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171 1988-01-12 3 AP SOUTH KOREAN president-elect Roh Tae-woo announced yesterday that he had formed a suprapartisan advisory committee to seek national harmony and help usher in full democracy. Mr Roh announced the appointment of 52 people to the committee, which will try to find waysAP - 171 words
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Page 3 Advertisements
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Advertisement274 1988-01-12 3 Sharp's In four Corner A portable personal computer with dual 3 Vz"72OKB floppy drives for your corner, desk or your lap. PC-4502 Personal Computer with Dual 3 1 />* Floppy Disk Drives •*****-7.I6MHz processor. Illuminated supertwist LCD display. IBM® PC™ compatibility Memory expandable up to 640K8 AC/DC operation. r Sharp274 words
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Page 3 Miscellaneous
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Miscellaneous232 1988-01-12 3 City Max/ Note Mln rc> Adelaide 32/21 Fine Amsterdam 07/05 Cloudy Athens 13/07 Rain Bahrain 17/12 Cloudy Banrikok 32/22 Fair Barbados —/24 Cloudy Beijing 03/-9 Clear Beirut 18/10 Rain Belgrade 04/01 Snow Berlin 07/00 Rain Bermuda 21/20 Rain Bonn 10/06 Cloudy Brisbane 29/24 Fine Brussels 10/02 Rain Buenos Aires 33/17232 words
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Miscellaneous23 1988-01-12 3 pesprTßHisoKesweß&iAVKX. Hcmem, hart seats ukbiv 70 &TAJNTHE APF6CDON OFA VOL) KNOW, ICANUW&tSTANDHtS H/MN6 A MOMGNT OFHBAKHB9S, 3 it ft \.urmTH3pos&dtf exOPTONOF WQMBH.' o23 words
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COMMODITIES
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532 1988-01-12 4 Reuter THE WEST'S International Energy Agency said yesterday that oil demand is rising faster than previously expected and also suggested that the Organisation of Petroleum Exporting Countries has lately shown more ability to restrict supply. "To put it very simply, there is lessReuter - 532 words
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308 1988-01-12 4 AP TEA LEAF PICKERS, who are the mainstay of Sri Lanka's economy, threatened on Sunday to strike if they do not get a pay rise by the end of January. A work stoppage of even a few days would hurt both the qualityAP - 308 words
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Article268 1988-01-12 4 Crude palm oil Mures closed sharply higher in active trading yesterday on the KLCE. January firmed Ms2l to M 51,178 a tonne, February Ms 23 to Msl,lBo and March Ms 26 to M 51,178. Total turnover amounted to 1,020 lots and open interests with 5,050 contracts against 1,131268 words
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Article67 1988-01-12 4 THE WEEK began quietly on the East Asian products market yesterday. Trading was thin. US$/borrai Chang* Dubai (Fab) 13.44 0.02 WM T««o» WTUAST*' 17.33 -0.07 Products (FOB S'pore) USS/barral Otang* K»row 24.30 undi GOMK Low SwtpKv 19.70 -0.20 W ox y ImMw LS w» 15A5 040 UMA—67 words
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Article59 1988-01-12 4 THE PRICE OF TIN on the KLTM fell eight cents yesterday from last Friday to doee at M 517.21 a kg In spile of sterling's rise against the ringgtt. Total turnover rose to 118 tonnes from 73 tonnes last Friday. KL TIN Clodng prioM on ion 11 (MSAg)59 words
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Article251 1988-01-12 4 SINGAPORE The market closed shsrply higher yeeterdsy with Februsry One RSS buyers quoted st 228.50 cents s kg, up five cents from Isst Friday's close. The Inro buffer stock msnsger sold s smsll quantity of SMR 20 rubber at 232 Malaysisn cents s kg for Msrch shipment in the251 words
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Article228 1988-01-12 4 RAS prices m maMq, FOB In bate NOON CLOSE Ivyon f-U •Siian ftuyor* Setters Int 1 RSS Prompt 230.50 231.50N 230-50 *****N Int 1 RSS F*b 88 228.50 229JON 228-50 *****N bit 1 RSS Mor 88 226.75 227.25 226J5 227.25 Int 2 RSS Of 224.50 ***** 224-50228 words
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Article84 1988-01-12 4 (oantt/ks, 1 -ten i pqiltti) FEBRUARY 88 MARCH 88 (currant month) (forward month) RAS NOON ■vywi Sd«n NOON SS* 20 229JO 231 JON 229JO 231 JON SS> 50 228.00 230.00N 228.00 230.00N I.M:T*Wn lyyy. 5«n«n S<Hin SM* cv 281.50 28X50N 28 2JO 284JON SM* I 281.50 283.50N84 words
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Article319 1988-01-12 4 HONGKONG: The metal closed yesterday at U*****.50/488.00 an ounce, up from an opening rate of U*****.30/80 and last Saturday's finish of U*****.00/50 On the local market, gold ended at HK54,504 a tael, up HK$lO from last Saturday's close. The Krugerrand closed HK$l5 above its last Saturday finish at319 words
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Article195 1988-01-12 4 Chinese Produce Exchange Setters' noon doling pricot on Jon 11 (SS/100 kg) Coconut oil Bulk FOB 112.00 OW drum FOB 122.00 Now drum FOB 126.00 Copra Miiod (Ioom) 62 Pepper Muntok wMt* FOB NtW 1187 JO Sorowak wMto FOB foq NLW 1172 JO Sorowak ipodol block FOB NLW195 words
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Article707 1988-01-12 4 ARRIVALS I 1 S*rvk» local From numbf Mm* GU GA956 1355 DPS su SO 109 1405 Km su SQ455 1410 8MW AY AY902 1410 HB78KK THAI TG405 1415 HOC/MKT IUFT LM780 1425 PRA/80M IOM KL831 14M AMS/KWI SU SQ6I 1435 8KK GU GA881 1435 LGW ZRH/AUH GU707 words
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Page 4 Advertisements
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Advertisement302 1988-01-12 4 Ernst Whinney Consultants Pte Ltd Presents FINANCE FOR NON-FINANCIAL MANAGERS February 4 -5,1988 Hilton Hotel WHY YOU SHOULD ATTEND Finance is not as complex as it is sometimes made out to be. A basic understanding of finance will assist you in making those decisions appropriate for your company. You can302 words
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Advertisement249 1988-01-12 4 I I I I The business person's choice, every I I II \I I II II I Tuesday. Thursdoy. Saturday and Sunday. I M f I I I\| Leaving Changi Airport at 22:05 1 IWJL W-L 1 hours and arriving Heathrow early the following morning. Cal( your Travel Agent or249 words
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Page 5 Advertisements
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Advertisement444 1988-01-12 5 •'*fv Thanks to a list of engineering break-throughs, a Mercedes-Benz will drive you round the bend i n an emergency. Safely. H ,h 3 O' 111 f, ilk r m 3* ft m 3W sV t.- m t w a CI v.v®;r -i £5 •v. •> V. 1 3-1 When444 words
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MONEY AND EXCHANGES
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Article936 1988-01-12 6 SINGAPORE: The US dollar reversed its earlier firmer trend to close lower yesterday compared with New York's last Friday levels, after a moderate and nervous trading session. Interbank selling in the afternoon caused the dollar to weaken. It closed at 128.15/25 yen compared with an early 128.45/55 and936 words
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Article, Illustration177 1988-01-12 6 Indicates Km ivirigt ot uw prirnf rntt Of 12 ma|or banks In B'pors Interbank market ratee (offer/bid) on Jan 11 US$ DM SWFC Yan 7 doyi 7 6 7/9 7/16 5/14 3 3/16 1/16 1 1/4—1 3 11/16 9/16 1 Mh 7 l/M 15/16 3/4 5/t 3177 words
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Article61 1988-01-12 6 THE OVERNIGHT rate on the Singapore interbank market remained unchanged at 3 per cent yesterday. The one and threemonth term rates fell point while the two-month fell 1/16 point. S$ Interbank rates at 12 noor i yesterday: om UO o«nflN 3 7 7/t 1-monlh 3 2 7/i 2-own*61 words
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Article85 1988-01-12 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity RID OFFER HIGH LOW 3 mwii BQ*****H 07.4.88 2.83 2.78 2.90 2.80 6 months BY*****S 30.6.88 3.00 2.95 3.00 2.90 1 yeor RY*****T 24.11.88 2.25 2.20 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code85 words
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Article264 1988-01-12 6 ASIAN DOLLAR deposit rates closed slightly lower yesterday compared with opening levels, in thin afternoon trading. Rates weakened 1/16 point acroes the board in the afternoon session mainly due to lending interest Overnight, Tuesday/Wednesday and weekfixed closed at a uniform 6-15/16 6-13/16 per cent. One month cloeed264 words
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Article138 1988-01-12 6 Gold futures on Jan 8 100 My nunc USt pv koy a m Op— Lot urn Jan 44X70 2-50 Fab 442.50 443.70 441 JO 445J0 2 40 Mar 4NJ0 444J0 ■ttH Tft 444.10 2 40 4M.50 49X00 -*f ffff 491 JO 2.40 Mm WJO 497JO 493-50 497JO138 words
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Article578 1988-01-12 6 MARCH Eurodollar yesterday opened four ticks lower than the previous close at the day s high of 92.38 on better-th an-ex-pected US unemployment figures but remained firm at the opening on concern over weaker stock market prices. However, the March contract subsequently backed off from the high on profit-taking578 words
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Article1733 1988-01-12 6 CURRENCY FUTURES OPTIONS Man doy, January 11 1988 DCUTtCHCMARK (Mm) Rat Low spa Pi HM SS pun 8aR 55 ""W" 18 8 M 28 4 57 68 8 51 IAA 17 59 288 30 60 2008 205 S2S 56 *1 1358 139 868 90 62 868 90 1358 1391,733 words
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Page 6 Advertisements
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Advertisement248 1988-01-12 6 The Chart Seminar Now in its 20th year X SYDNEY AUCKLAND SINGAPORE O 7 8 March 10 11 March 15 16 March X x HONG KONG TOKYO O 30 31 March 6 7 April v X For: Forez dealers, currency traders and hedgers, brokers, O O fund managers, investment advisors248 words
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Advertisement9 1988-01-12 6 11l BANQUEINDOSUEZ 3 Shenton Way. Shenton House. Singapore 01069 words
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BANKING AND FINANCE
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296 1988-01-12 7 Reuter THE MEXICAN government is not planning a sudden, radical devaluation of the peso, according to Finance Minister Gustavo PetricioJi. "There will be no violent devaluation," he told reporters in the border city of Ciudad Juarez. "It would be contrary toReuter - 296 words
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Article100 1988-01-12 7 Reuter THE BANK of France held a securities repurchase tender yeeterday to allocate funds for injection into the money market today. The bank aaid in a statement the agreement will expire on Jan 26 and it would accept aa collateral first category paper maturing between Jan 27Reuter - 100 words
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1489 1988-01-12 7 ALVIN TAY - October crash dampens expectations of record profits Banking By ALVIN TAY Banking Correspondent THE WORLDWIDE stock market crash spoiled an otherwise buoyant year for the banking and finance industry. At half time, the Big Four local banks were set to end the year with record1,489 words
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Article829 1988-01-12 7 Jan 1 The CPF minimum sum scheme comes into effect. Under the scheme, CPF members have to set aside a portion (not exceeding $30,000) of their CPF savings to ensure that they will have a constant flow of income to cover their subsistence needs in829 words
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395 1988-01-12 7 Reuter A RISE in UK interest rates, fears of which boosted UK money market rates last week, appears unlikely for the time being, Merrill Lynch Europe Ltd and James Capei and Co said in separate reports. Merrill said clearing bank baseReuter - 395 words
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Page 7 Advertisements
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Advertisement235 1988-01-12 7 Commercial I Richard Ellis have been appointed Sole Marketing/Managing Agents for a unique and prestigious commercial property development in Bandung, Java, which is to be completed in mid 1989. MARKETING/ MANAGEMENT PROPERTY MANAGER This post is the ultimate in career challenge and the successful candidate shall enjoy a generous remuneration235 words
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Advertisement310 1988-01-12 7 TOURISM RECREATIONAL PROJECTS SENTOSA'S SECOND SALE OF SITES An invitation to participate in the development and growth of Singapore's Island Resort The Schedule Parcel Location Site Area Proposed Development Lease Period C Land west of New 71,000 sq m Cultural Village and 30 years Ferry Terminal entertainment centre D Land310 words
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PERSPECTIVE
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Article478 1988-01-12 8 CONSIDER, for a moment, the sense of urgency that must have surrounded the release of the Brady Commission report last Friday. The findings of a task force appointed by President Reagan to study the causes and cures of the Oct 19 stock market crash were unveiled478 words
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Article, Illustration1855 1988-01-12 8 FLORENCE CHONG - Australia has begun to take a long, hard look at its overall immigration policy. A committee is now sitting to recommend a new immigration policy to the government. Its most immediate target is business migrants who can contribute skills, business acumen and much-needed capital to1,855 words
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Article, Illustration1229 1988-01-12 9 ZHOU MEI - Sanguine Mr Lee Lam Thye (right) is undaunted by the DAP's latest setback with the two-year detention ot seven of its MPs under Malaysia's Internal Security Act. As the party's acting secretary-general, the task of steering the DAP through the difficult days1,229 words
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Article, Illustration541 1988-01-12 9 WHEN MALAYSIAN Prime Mintstar Datuk Sen Or Mahathir Mohamad addreaaed Parliament last October in the wake of police action under the ISA, the DAP was singled out as being particularly provocative over racial isaues. Or Mahathir, who ia also the country's Home Affairs Minister, explained that541 words
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Article, Illustration479 1988-01-12 9 THE PROTESTS of the DAP over the award of the 900-km NorthSouth Highway contract to United Engineers Malaysia (UEM) culminate in a two-day Supreme Court hearing this week. The DAP, personified by its maverick secretary-general Lim Kit Siang, had been characteristically outspoken in its public479 words
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Page 8 Advertisements
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Advertisement179 1988-01-12 8 DIRECT CHINA A rare opportunity to experience exotic preparations of Duck dishes by master chefs from Beijing. The Quan Ju De Roast Duck Restaurant in Beijing is the most well known restaurant of its kind in all of China. The restaurant, which goes back to the days of the Manchus.179 words
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Page 8 Miscellaneous
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Miscellaneous651 1988-01-12 8 @^,@]'"$>$\},/>/{$;&/;"_`'\&)?% CRYPTIC PUZZLE ACROSS 3 Hid* letter with one's new hats (5) 8 Confronts a fstheed with experts (5) 10 Rusti wtdty round the ring tor tong time (5) 11 Traffic service? (3) 12 Simple saint? (5) 13 Ridicuiee. or rota of bed (7) 15 Covers various evils (5) 18651 words
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Page 9 Miscellaneous
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Miscellaneous1235 1988-01-12 9 1/3 03D mmb 7.90 PM Opening Announcement and by Carol lumttt And Friends. 1.00 Footsteps A Strong Man In Egypt (Sm highlight*). 9.06 Only Fool* And Hon** Healthy Competition. 9.30 Tennis European Community Championship, Ivan Lend I take* on fellow-Czech Miloslav Medr In the finol of the European Community Tennis1,235 words
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Miscellaneous48 1988-01-12 9 But AS«6X> FoR A IT To Be Heio IN teC£PT(OM M*R*GD 'Au)B»T\rJG COII€CTiO»J; By p** Bt?»sroo' TfWs Done it... ru. rrs FoUrtD TC t>*v/ u Nfcveß tmrt WM I OT-— £P-'. <ui)> SOGGY ©Evenir>9 Standard Co Ltd .1942-)907 A.2'MT3 cO)l Vfl3? JUC3 o .Xui. snor L.sIC -i-m c48 words
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SPORTS & LEISURE
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252 1988-01-12 10 Reuter THE Denver Broncos and the Washington Redskins advanced on Sunday to their Conference Championship games in the National Football League (NFL). Washington upset the Chicago Bears 21-17 in a National Football Conference (NFC) semi-final game and will play the Minnesota Vikings next SundayReuter - 252 words
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Article, Illustration407 1988-01-12 10 UPI IN ONE AFTERNOON, the Minnesota Vikings transformed the San Francisco 49ers from a team whose excellence was unquestioned into a team beset with questions. Coach Bill Walsh expected to sit back and watch Sunday's NFC semi-final contest between the Chicago Bears and theUPI - 407 words
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Article, Illustration410 1988-01-12 11 AP WIMBLEDON CHAMPION Pat Cash romped to a straight-set victory over Austrian left-hander Thomas Muster yesterday in the first round of the US$l.9 million Australian Open Tennis Championships. The 22-year-old Australian, playing in front of a hometown crowd at the National Tennis Centre in Melbourne,AP - 410 words
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Article181 1988-01-12 11 Reuter TWO DEATHS in two days have brought into sharp focus accusations that tha Paris-Dakar rally has becoma too dangerous Frenchman Patrick Canado became the second fatality in as many days when his Yamaha team back-up vehicle, a Range Rover, crashed with a Mercedes in NigerReuter - 181 words
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Article, Illustration565 1988-01-12 11 CHERRIE HOLDER - By CHERRIE HOLDER THE 12-MINUTE BARRIER eluded him on Sunday but the failure only spurred 17-year-old Matt Holder to get back on the practice grind in search of perfection. The fastest man in the F2 Speed Crossing boardsailing championship at Changi last weekend565 words
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258 1988-01-12 11 UPI OIL MAGNATE Nelson Bunker Hunt, one of the biggest names in thoroughbred racing, auctioned off his horses last weekend as he and his brothers continued to battle bankruptcy and US$l.5 billion in debts. "It's like selling your children," Hunt said. LastUPI - 258 words
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223 1988-01-12 11 AP KENYA'S Ibrahim Hussein, winner of the New York City and Honolulu marathons in 1987, and Portugal's Rosa Mota, the defending women's champion, will head a powerful foreign field for the April 18 Boston Marathon, a race that will be devoid of top-flightAP - 223 words
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Article106 1988-01-12 11 AFP WORLD SNOOKER CHAMPION Steve Davis collected his third major title of the season on Sunday when he won the £250,000 Mercantile Credit Claasic for the second year in a row. But the world number one was given a fright by fellow Englishman JohnAFP - 106 words
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Article, Illustration329 1988-01-12 11 AP A LITTLE MORE than a month before the start of the Winter Olympics in Calgary, some of the favourites in the skiing events are beginning to show that they are ready. But the US skiing team is hoping to survive until then. Pirmin Zurbriggen ofAP - 329 words
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Page 10 Advertisements
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Advertisement690 1988-01-12 10 to wim* (tine and PLEASINGLY HYATT Discover the world of sensational Singaporean dishes in a buffet. Taste Chinese. Malay, Indian and Nonya specialities in one meal. At Plum's, daily for lunch and Friday and Saturday for dinner. Price: S2o*. A fabulous one-stop gourmet's dream! Wi C> 22^ i'. f> SLOT'S:'^3690 words
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Advertisement210 1988-01-12 10 r ou OS As3ldeahaoycud(6cwus value for lunch, Italian styk. fou're in for an incredible deal with The Belvedere's Italian Buffet lunch 60 traditional delicacies for $31 (children, Sl5). It's an exchange which will get you deliciously confused! With tuna fish, prawns Veronese, spaghetti alle vongole, tortaSidliana and strawberries in marsala210 words
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Page 11 Advertisements
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Advertisement260 1988-01-12 11 k Traditionally Japanese. Traditionally Unkai. Sample the delicacies of Japanese cuisine, sushi, sashimi and teppanyaki. Four tatami rooms are available for private parties. Located on the 2nd floor. Open 12 noon to 3 pm. 6.30 pm to 11 pm. Ample free parking Century Park Sheraton Singapore 16 Na*am KM. Sngopcxe260 words
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Advertisement185 1988-01-12 11 PALM GRILL An elegant and intimate ambience. With exceptional French and Continental cuisine. And the very finest wines from our exclusive cellars. BUSINESSMEN'S SET LUNCH $32+ Closed on Sundays. Saturday dinner only. Westin Plaza, Ist Floor. For reservations, call 338 8585. ext. ***** or 330 8310. The Westin Plaza lUffl«s185 words
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Page 11 Miscellaneous
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Miscellaneous45 1988-01-12 11 Play golf the Sevvy way The pause 0 m s Qm k &t Pctw iMIIill IM a stietrr pause pmeTOPOFV* Ucwmw© mt| mam TOwSwOaTHB TXRCTT. 1 /tT. jfTTIN© UP TH£ POWERFUL CHAIN REACTION Of THE mmANOHAHO* i ON THE i OOwnswn&A S m London Expre45 words
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STOCK EXCHANGE OF SINGAOPRE
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Article, Illustration4234 1988-01-12 12 LATE SELLING on the Singapore stock market caused share prices to fall sharply across the board on nervous selling yesterday. The Straits Times Industrial Index loet a hefty 46.26 points or 5.2 per cent to cloee at 849.05 from laat Friday's close4,234 words
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Article228 1988-01-12 12 SINGAPORE 9 Rites U AC 103 Hum M 1*1 ClIHI Kant 50* *4 CXMop C* OAS 76 Falls NIMr* HMQt 151 DIS 920 ICS 730 OCIC *50 Carvboi J0« 404 FAN 755 CM Stn 10* 340 S H M0 N« fcM 4M UMilu 50y 40 SI A228 words
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Article4098 1988-01-12 12 SECTION ONE MDUtTIUAL COMMERCIAL Aom (I20S) 07) I.® 19 1.19 111 122 10 121 Oil I® (91 1.18 a I.l* Amal M 50# lIJ7B l®Sl (1191 143 Ml 1.39 (191 1.40 (59 1 41 (331 1.44 119) 145 0141 143 O 107 (9 140 (II4,098 words
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Article267 1988-01-12 12 Managers' pricm for Jan 12 Japan Gr Fund 143 077 148 a77 Singapore Unit Trust UOB Manogomant Unitund 078 07T Tk* Co—arct 090 OH Unfcond* 0« Iflf Tfct SoiMQI Fund 0 78 OA S'por* frog Fund S port Sac Fund Sport U»ad Fund S port Equity Fund 0267 words
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COMPANY NEWS
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Article, Illustration822 1988-01-12 13 imaa mm™ HOCK LOCK SIEW SOMETIME IN early 1987, at a luncheon given by Bank Negara (Malaysia's central bank) to a group of financial journalists, the bank's governor, Datuk Jaafar Hussein, remarked with a laugh: "Bank Negara can end up as the singleHOCK LOCK SIEW - 822 words
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Article332 1988-01-12 13 HERE IS AN UPDATE on the commodity front for investors of plantation stocks: Rubber, which has lagged behind palm oil in price recovery, has broken through the "must sell" level of 242 cents a kilogramme for the first time since the International Natural Rubber Agreement came332 words
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Article, Illustration648 1988-01-12 13 SB te&B Reuter HOW CAN you make money in Tokyo stocks? One way may be to watch how foreigners invest and do just the opposite. Foreigners have called the wrong trends every year for the past four years. They sold in 1964Reuter - 648 words
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Article, Illustration467 1988-01-12 13 AMY BALAN - Business and relevant legislation sophisticated enough By AMY BALAN WHILE DEBATE continues to rage over the merits of rotating auditors, audit firms are steadily working at winning acceptance for the idea of audit committees. The latest to do so, international accounting firm Ernst467 words
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336 1988-01-12 13 ELAINE KOH - By ELAINE KOH TUAN SING Holdings Ltd has received irvprinciple approval from the Stock Exchange of Singapore for its restructuring scheme, paving the way for the company's re-listing. Approval has also been given for the listing and quoting of the new shares arising from336 words
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199 1988-01-12 13 Agencies DATUK CHOO Ching Hwa. 56. a former executive chairman of Bandar Raya Development Bhd, and company secretary Michael Chin Keng Ming, 50, both pleaded not guilty in the Sessions Court in Kuala Lumpur yesterday to 12 counts of criminal breachAgencies - 199 words
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80 1988-01-12 13 SHANGRI-LA Hotel Ltd announced that its rights issue of 10 million shares at $4.50 each has been fully subscribed. This is because an unnamed shareholder who earlier failed to take up his rights entitlement of 125,000 shares had on Jan 8 subscribed for those shares80 words
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518 1988-01-12 13 Bernama FINANCIALLY-STRICKEN Guls Persk Bhd, now in receivership, hss proposed the implementation of a new scheme of financial reconstruction to put the company on a much sounder financial footing. If the scheme is approved, the company's net tangible asset per share asBernama - 518 words
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Page 13 Advertisements
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Advertisement33 1988-01-12 13 The advertisement sales sections of Business Times, Berita Harian and Borneo Bulletin are now located at 2nd level, News Centre 82 Genting Lane Singapore 1334 Tel: 743-8800 Telex: RS ***** BTAD Fax: 743-344933 words
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Advertisement89 1988-01-12 13 This announcement appears as a matter of record only (2 P.L. HONG TRADING LIMITED (Incorporated in Hong Kong) Issue and Allotment of 7,300,000 Ordinary Shares representing 39.25% of its Enlarged Equity to ELDERS PICA ASIAN GROWTH FUND LIMITED a regional venture investment company under the management of A ELDERS PICA89 words
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REGIONAL MARKETS
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359 1988-01-12 14 Present <te|gltk)R too vague Reuter JAPAN'S Finance Ministry is drafting a revised version of the securities exchange law aimed at tightening controls on insider trading, a ministry official said last week. The present Japanese law concerning insider trading is too vague and in needReuter - 359 words
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165 1988-01-12 14 Reuter SHARP CORP plans to invest eight billion yen in the fiscal year ending March 1989 to expand overseas production in Thailand, Malaysia and Britain, a company spokesman said last week in Tokyo. The moves, which will boost the proportion of Sharp's outputReuter - 165 words
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182 1988-01-12 14 AFP SECURITIES REVIEW Committee chairman lan Davison said the recent arrest of senior officials of the Hongkong Stock Exchange had helped his inquiry but would not influence its outcome. Speaking on his return to Hongkong following a visit to several financial centres abroad,AFP - 182 words
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3634 1988-01-12 14 SELLERS swarmed the Kuala Lumpur stock market right from the opening bell yesterday following the sharp fall on Wall Street last Friday but prices closed off the day's low on some short-covering. Reflecting the easier trend, the widely-followed New Straits Times Industrial Ordinary Share3,634 words
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Article110 1988-01-12 14 HONGKONG All Industrials Hongkong Index Monday 1,***** Friday 1.609.24 W##fc ago 1.***** Hong Song Index Mondoy 2.***** Friday 2.***** ogo 2.***** Monday 1.936) Friday 2.004.3 We«k ogo 1.9503 NEW YORK Dow Jones Friday 1.***** Thursday 2£5I.89 Waak ago Closad TOKYO Nttckei Average Monday 22,***** Frida V 22,872 56110 words
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244 1988-01-12 14 Reuter BRIERLEY Investments Ltd (BIL) has been tipped by share analysts to win ownership ot the state-con-trolled energy group Petroleum Corp of New Zealand Ltd (Petrocorp). But only if its application is not hamstrung by the New Zealand Commerce Commission, they said lastReuter - 244 words
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Article1388 1988-01-12 14 Hongkong Reuter PRICES on the Hongkong stock market closed sharply lower yeeterday on selling sparked by fears of a further slide on Wall Street after last Friday's big setback, brokers said. The Hang Seng Index fell 50.87 points to 2.400.80 after slipping 31 points at midday. TotalReuter - 1,388 words
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82 1988-01-12 14 Reuter A TOTAL of 26.380 new companies were registered in Hongkong last year, representing a 58 per cent rise over 1906, government statistics show. The registrar general s department said the nominal capital of newly incorporated companies during the year was HKS4.I billion,Reuter - 82 words
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Article449 1988-01-12 14 Reuter SHARE PRICES on the Tokyo stock market closed lower yesterday in meagre trade following Wall Street s tumble last Friday and a wavering dollar, but heavier losses were avoided due to renewed optimism following last week's rises, brokers said. "Investors are still very cautious, but are not sellingReuter - 449 words
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Article465 1988-01-12 14 Reuter THE AUSTRALIAN share market closed sharply weaker in reeportse to the sell-off on wall street but most prices were off the day's lows, brokers said. At the cloee of trade the All Ordinaries Index was down 43.9 points or 3.3 per cent at 1,266.5 after falling to aReuter - 465 words
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Article256 1988-01-12 14 JAN 11 All Sinc«r* Indus Asia Csmsnt NT 2.74 as 50 60 50 0.04 -1 Chang Hwa Bank 191.00 3 Chsna Loona 44 90 -0 1 f*Kia Cfaltt rinnni UH| nsin utnifni 43 90 -05 Chin Hain Flour 18 10 -09 China Cham 27.90 0.2 China Dsv 64 00256 words
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Article157 1988-01-12 14 Reuter THE SECURITIES Exchange of Thailand Index dropped 19.76 to 307.61 on a turnover of 9,254,456 shares worth 939.36 mm lion baht. Reuter JAM 11 BAKT +1Ao Kham Thai Ayudhya liwaaW>' Bangkok Agro-lnd. Bangkok Bank. Bant« Charoong Thai Wli Cabta Olaml. Dhana Siam Fin Aaia Rbra Duattani EMI AaiattcReuter - 157 words
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Article84 1988-01-12 14 JAN 11 1 •csos Mtrcoppr Minmi 1.48 0« Oriental B 0 0075 -0 0025 Aco)« Mining Phil Oyraaaa 0 0675 ***** Anglo Phil Phi la* B una* Apax Mining B 0 0660 •0 005 PLOT 164 -3 Atlas Con B 35 50 0.5 San Miguai B 1» 0Q» unch84 words
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Page 14 Advertisements
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FOCUS
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Article, Illustration482 1988-01-12 15 Brady Commission Report on Market Mechanisms Reuter NEW YORK Stock Exchange chairman John Phelan has praised the findings of the Brady Commission that investigated the October 19 stock market crash but warned there was no guarantee that there would not be another crash. Mr Phelan, appearingReuter - 482 words
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565 1988-01-12 15 Reuter WALL STREET professionals are sceptical about a presidential taak force's call for tough new regulations to curb wild swings in the stock market like last October 19's and last Friday's steep plunge. The task force, which investigated the October crash,Reuter - 565 words
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Article, Illustration716 1988-01-12 15 NYT THE PRESIDENTIAL panel, evaluating the performance of market makers during the chaotic days of mid-October, criticised the New York Stock Exchange specialists, although it acknowledged that they were faced with unprecedented conditions. By late afternoon of Oct 19, market makers on the majorNYT - 716 words
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Article, Illustration1256 1988-01-12 15 NYT ONE OF THE MOST startling features of the report by the presidential panel on the stock market crash is its conclusion that several major systems that had been expected to protect the market or keep it in balance instead contributed to its near disintegration lastNYT - 1,256 words
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214 1988-01-12 15 Reuter ILL-CONCEIVED regulation will result in the loss of US financial business to overseas markets. Chicago Board of Trade (CBT) president Tom Donovan said in a statement responding to the release of the Brady Commission Report on Market Mechanisms. In a preliminary review of theReuter - 214 words
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Page 15 Advertisements
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Advertisement290 1988-01-12 15 In the Matter of the Companies Act. Cap. SO GEETAINERS (SINGAPORE) PRIVATE LIMITED (Incorporated In Singapore) SPECIAL RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed company, duly convened and held at 4 Battery Road 12-00 Bank of China Building, Singapore 0104 on sth January 1988 the290 words
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Advertisement552 1988-01-12 15 NOTICES In the Matter of THE COMPANIES ACT. CAP .30 And In the Matter of HIGH WAY SHIPPING PTE. LTD. At an Extraordinary General Meeting of HIGH WAY SHIPPING PTE. LTD.. duly convened and held at 100, Jalan Saltan, #07-00, Saltan Plaza, Singapore 0719. on the sth January, 1968, the552 words
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Advertisement470 1988-01-12 15 IN THE MATTER OF THE COMPANIES ACT, CAP. SO SCIENTER SOFTWARE PRIVATE LIMITED (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of SCIENTER SOFTWARE PRIVATE LIMITED daly convened and held at 4 Battery Road #13-00 Bank of China Building, Singapore 0104 on the 7 day of January470 words
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Advertisement386 1988-01-12 15 CAP. 80 AND IN THE MATTER OP C < CYCLE CARRIAGE INVESTMENTS PTE LTD (In Members' Voluntary NOTICE OF SPECIAL RESOLUTION (Pursuant to Soctlaa SMKSXb)) At an Extraordinary Qen- < eral Meeting of the company held at Board R00m,." 238, Alexandra Road, Sin- pore 0315 on 21 Deoember 1987, the386 words
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434 1988-01-12 16 GENEVIEVE CUA - $22m-s33m for Singapore in Japan Asean Investment's pipeline By GENEVIEVE CUA SMALL- and medium-sized enterprises in Singapore may soon enjoy a sizeable injection of Japanese funds, totalling some 1.4 billion to 2.1 billion yen (about Ss22 million to Ss33 million). The434 words
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299 1988-01-12 16 A PETITION of appeal against the 10-year jail term passed on "Abalone King" Ng Choon Ser and his son Khway Tiat has been filed with the High Court. Their lawyer, Mr Lee Kim Siang, filed the petition on Dec 30, 1967, four299 words
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382 1988-01-12 16 AP US CARMAKERS failed to take advantage of the high Japanese yen, instead raising their prices along with those of imported Japanese cars, the outgoing president of Nissan Motor Manufacturing Corp USA said yesterday. Marvin Runyon said US carmakers could haveAP - 382 words
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192 1988-01-12 16 AP AFP PHNOM PENH Premier Hun Sen left Cambodia for Paris yesterday for a meeting with Cambodian resistance leader Prince Norodom Sihanouk, the official Cambodian news agency SPK said. Prince Sihanouk and Premier Hun Sen of the pro-Vietnamese government inAP; AFP - 192 words
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Article, Illustration497 1988-01-12 16 AP THE WORLD economy will be precariously unstable this year, the United Nations said yesterday in a new forecast even gloomier than the one issued before the stock market crash. UN experts now expect the world economy to grow byAP - 497 words
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296 1988-01-12 16 Bernama THE TRIAL of four Komuda officials on charges of criminal breach of trust involving a total of M 53.3 million and abetment began in the Sessions Court in Kuala Lumpur yesterday. Komuda chairman Datuk Kee Yong Wee, Komuda Treasurer and DeputyBernama - 296 words
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Article175 1988-01-12 16 AP JAPAN and Britain will have to "share the pain" to coordinate economic policies to help restore the world economy to health, Japan's Foreign Minister tells British Foreign Minister Sir Geoffrey Howe. Mr Sosuke Uno met Sir Geoffrey in Tokyo for more than two hours toAP - 175 words
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140 1988-01-12 16 AFP PRESIDENT Suharto, responding to public calls for stronger efforts to eradicate graft in the Indonesian government said yesterday that hard evidence is needed to take any firm action against corrupters. Addressing 120 leaders of youth organisations at the presidential palace, Mr SuhartoAFP - 140 words
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383 1988-01-12 16 ANNA TEO - By ANNA TEO BACKED BY a new group of venture capitalists led by Transtech Ventures, home-grown clean room builder Esco Scientific Products (Asia) is primed to go places. The new investors have pumped in $3 million to take up slightly more383 words
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Article137 1988-01-12 16 Reuter INDONESIA announced a ban on 16 kinds of export commodities including natural rubber that does not meet SIR (Standard Indonesian Rubber) standards. The ban issued by the Ministry of Trade also includes scrap iron, kapok cotton seeds, rattan and sandalwood materials. The ministry announced exportReuter - 137 words
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Article95 1988-01-12 16 Reuter COMEX GOLD FUTURES held unchanged after giving back gains on selling by foreign traders against a steadier dollar in early trading yesterday. The firm opening on Wall Street had little impact on gold's movement. In a quiet market, February gold was at Friday's close of U*****.50 anReuter - 95 words
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LATE FILE
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25 1988-01-12 16 AFP VIETNAM yesterday promulgated a foreign investment cod* that defines conditions of cooperation between the communist nation and foreign concerns. AFPAFP - 25 words
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Article31 1988-01-12 16 AFP OPPOSITION leader Kim Young-Sam said yesterday he would accept Roh TaeWoo's presidential election victory and now would endeavour to win pending legislative elsctiona. AFPAFP - 31 words
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32 1988-01-12 16 AFP A TOTAL of 151 countriea have accepted invitations to the Olympic Games in Seoul, following yesterday's announcement by the Soviet Union that they will participate. AFPAFP - 32 words
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42 1988-01-12 16 Bernama THE WHITE PAPER on the detention of 106 people under the Internal Security Act (ISA) in Malaysia may be ready before Parliament sits in March, Datuk Seri Dr Mahathir Mohamad said yesterday. Bern amaBernama - 42 words
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Article25 1988-01-12 16 AFP THE PHILIPPINE government has suspended local elections in 10 provinces due to danger of violence and fraud, officials said yesterday.AFP - 25 words
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Article43 1988-01-12 16 AFP PRIME MINISTER Rajiv Gandhi's government choee the easy way out of a fiscal crisis by ordering a price increase that has made petrol in India the world's most expensive, the press in New Delhi said yesterday. AFPAFP - 43 words
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Article32 1988-01-12 16 UPI CHINA is drafting a new state secrets law, expected to relax previous regulations which failed to define a state secret, the Xinhua News Agency said yesterday.UPI - 32 words
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37 1988-01-12 16 UPI US and Soviet negotiators returning arms talks this week cautioned yesterday that they facs a formidable task in seeking agreement on 50 per cent cuts in long-range strategic nuclear weapons.UPI - 37 words
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Article34 1988-01-12 16 AFP SOVIET troops may begin pulling out of Afghanistan on May 1 if there are "agreements" at February's indirect talks in Geneva between Pakistan and Afghanistan, Pravda reported. AFPAFP - 34 words
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Page 16 Advertisements
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Advertisement134 1988-01-12 16 A) CHI DYNAMICS ART OF VITAL BREATHING HEALTH ENERGY POWER Develop Mind Body (Inner Power) Situ Anthony Wee will give a FREE talk cum video presentation of Chi Dynamics Enrolment starts from 11-14 January (6pm—Bpm) Complete Basic Course: 2 months Fees: $350 INVEST-A-MATK A NEW SERVICE FROM ericson s Vital134 words
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Advertisement229 1988-01-12 16 New Gear contest date READERS who've called about the New Gear contest in last weekend's Executive Lifestyle, take heart if you are still cracking your head over the anagrams. The closing date for entries has been extended from Jan 16 to Jan 23 with another entry form in this weekend's229 words
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SHIPPING TIMES
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Article86 1988-01-12 17 THE SHIPPING Corporation of India expects to have four fully containerised cellular vessels by April. The company's proposal to purchase the four sec-ond-hand ships from Korea at 9 cost of Rs7oo million (US$54 million) has received the blessing of the Indian Ministry of Surface Transport. Mr86 words
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113 1988-01-12 17 Reuter CHINA is losing 5.9 billion yuan I.a year because nearly half its truck fleet is running without cargo, the official Economic In- formation newspaper said. j It said the waste was > caused by lack of coordination and information, and badReuter - 113 words
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286 1988-01-12 17 G DURAIRAJ - By G DURAIRAJ AS PART OF ITS growing commitment to the Malaysian market. Uniglory Line will schedule a direct call at Johor Port in Pasir Gudang from early March. The inclusion of a third port of call in Malaysia is aimed at enhancing286 words
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149 1988-01-12 17 THE KOREA Ports and Maritime Administration is to relax 40 regulations, in line with its shipping autonomy policy, starting early this year. The first phase of the liberalisation includes changes in the procedure for import of second-hand tonnage for replacement from the current149 words
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117 1988-01-12 17 AFP A TOKYO trading firm has concluded an agreement with a Chinese shipyard and the Soviet Fish Industry Ministry to act as an intermediary for the repair of fishing vessels, a Japanese newspaper reported. The Asahi Shimbun said that under the trilateral agreement, Tokyo MaruichiAFP - 117 words
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PORT SIDES
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177 1988-01-12 17 AP A CIVIC GROUP claims some 3,000 passengers were aboard the Dona Paz which sank last month after colliding with an oil tanker. The figure was double that reported by the ship's owners. The Coalition of Samar and Leyte Organisation said it had collectedAP - 177 words
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Article86 1988-01-12 17 Reuter THE IRANIAN shuttle tanker Khark 3 was attacked by Iraqi jets and hit by an Exocet missile in the northern Gulf on Sunday, shipping sources in the region said. Damage to the 280,476-tonne tanker, owned by National Iranian Tanker Co (NITC), was light andReuter - 86 words
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Article101 1988-01-12 17 THE PORTUGUESE government has put back the closing date for companies interested in bidding for the right to operate the ailing Setenave shipyards. A total of 11 firms was approached by the government last year. They were told they had until Dec 30 to submit any proposals101 words
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397 1988-01-12 18 Reuter TOYOTA MOTOR Corp, Japan's largest car maker, has chosen a second US shipping line to join the two Japanese lines carrying complete knockdown (CKD) kits to its North American plants, shipping sources said. The choice of another US carrier reflectsReuter - 397 words
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879 1988-01-12 18 Reuter THE GULF tanker war has triggered "pipeline fever" in the region, with oil producing states scrambling to build overland pipelines to reduce their dependence on ships to export their major source of income. "Pipeline-mania has captured every Gulf oil state," saidReuter - 879 words
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Article774 1988-01-12 18 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 273 ANl 1 1/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III774 words
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Article1580 1988-01-12 18 KEEN demand for Panamax bulk carriers continued unabated and freight rates climbed yet higher on Friday at the close of an exceptionally firm week on the London shipping freights market. In addition to recent demand for North American grain loaders, numerous Panamax bulkers found time-charter employment in Europe,1,580 words
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Article289 1988-01-12 19 Lloyd's List THE BUOYANT Associated British Ports (ABP) group plana to double investment this year to £30 million, managing director, Mr Stuart Bradley said. Most of the inveetment is aimed at modernising facilities at many of the group's 19 ports, said Mr Bradley whoaeLloyd's List - 289 words
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Article274 1988-01-12 19 AFP THE TANKER market "has opened in 1968 on a far more optimistic level than many people had expected". London brokers EA Gibson said in their Istest review. Owners were expecting to enjoy profitable trading for the time being. Insignificant inquiry in the Gulf however led to aAFP - 274 words
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9029 1988-01-12 24 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.9,029 words
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Article1318 1988-01-12 25 1 > B«rth Arrival Departure KEPPEL WHARVES Afcarutii K2I otongsid* 1701 1500 Art lot Kit olongud* 1301 5)600 Common 1 Kit olongvd# 13 01 *>600 BM K20 olongws# 1301/0600 Equotor K22 olongKd# 1201AB00 U Bo« long K35 oiong»iO« 1201/1500 Son NOVM KI5 otongud* 1301/1500 S'iwiiovo K3I olongsida1,318 words
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Page 17 Advertisements
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Advertisement703 1988-01-12 17 s^ 6 v« iA" a a i !iv V STP Distributors Tmwa Pu6*s/»n« Group OOCL Orient OVHQUI Cttiaitm LIME tllll# 200 CMtoMMHt tad #12-06 Son Ml If A T«l 22U011 TELEX NO RS 2*179 No TITMIf OOK Swapon 0201 TERMINAL/CFS Td *****11 220 BOOKINGS TM *****34 23S PtSAKA JAXtMNC SNIfflM703 words
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Advertisement71 1988-01-12 17 KMDB TOYOTA MOTOR Corp, Japan's largest car maker, has chosen a second US shipping line to join the two Japanese lines carrying complete knockdown (CKD) kits to its North American plants. Pag« II THE BUOYANT Associated British Ports (ABP) group plans to double investment this year to £30 million. Psg«71 words
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Advertisement593 1988-01-12 17 <4. BALT-ORIENT LINE Baltic Shippmc Co RefUar Sences from 2SWB tt ALJL a-- *t i i n. jmww vonontru* rotu Agent: Singapore Soviet Shipping CoPtoLtd Jet *****33 T MAERSK LINE FAST TRANSIT SINGAPORE/ LONG BEACH 18 DATS TUN Anna M Ctoamg Time CY IVI 2300 MRS To Europe -UK Scandinavia593 words
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Page 18 Advertisements
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Advertisement584 1988-01-12 18 COMPAGNIE MARITIME OAFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO NORTH CONTINENT E3322EEMI VILLE DU LEVANT i-'i'ica ROTTERDAM ETA FELIXSTOWE ETA Alto accepting cargo to all U.K. destinations, Scandinavian (AartHU, Copenhagen. Gothenburg) and other European Inland powti > Weet African EXPRESS SERVICE TO WEST MEDITERRANEAN SINGAPORE/584 words
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Advertisement13 1988-01-12 18 Lines and services represented by th Accredited Sipping Agents, Singapore National Shipping Association.13 words
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Advertisement473 1988-01-12 18 CHA RGEURS REUNIS f'* V jofr £*y i fJI d j :l T i FEEDER VS. VSL V vs. *j an ACCEPT CAM ■MAO, CONKAAY. TO WEST INDIES ETA S'ro« MOTHER vsi MARSEILLE SETE POHITE-A-PfT*E FORT-OE-FRANCE MCKAD CXS CANNE CR LIBREVILLE 03/02 >j C. IM2 IMB 22/B2 CR LIBREVILLE 17/B2473 words
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Page 19 Advertisements
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Advertisement990 1988-01-12 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd r STRAITS SHIPPING Singapore to Sabati, Sarawak, Brunai Ports and Bangkok P&OCL^g^ P&O Containers Limited PtCASUS PROGRESS ¥513* PEGASUS PROGRESS VSI4N SPORE rKOK In Part/13 Jan 15-U Jan 11-20 JM 22-B JM (MAMA RAT an or emmurcm LARGS RAT TORN) EXPRESS990 words
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Advertisement648 1988-01-12 19 Fas Container Terminal Marseilles-Fos Europe's Superport en the Mediterranean With 96.2 million tons of traffic in 1966, a record 10 percent increase over 1965, Marseilles-Fos is now the largest port in France and the Mediterranean basin, and the second largest in Europe. In 1966, total traffic between Marseilles-Fos and South648 words
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Page 20 Advertisements
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Advertisement289 1988-01-12 20 I r:i"SH.. f.i'i "(l rot ;;wOr;n.»Ti ALSO ACCEPT INC CARGO TO: AU. UK INLAND DESTINATIONS. BELFAST, DUBLIN COPENHAGEN AARHUS, GOTHENBURG. MALMO. HELSINKI, OSLO, AMSTERDAM CARIBBEAN S. AMERICA CONV SEMI CONTAINER SERVICE TO EUROPE GONV SEMI CONTAINER SERVICE TO MED EUPOP. CONTAINERSHIP SERVICE FROM UK CONTINENT Agents SStmM]' Singapore *****00 K.289 words
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Advertisement546 1988-01-12 20 KS LINE (M/i CM'fAri— WW* Willi HI SBi m FULLY CONTAINERISED SERVICE ro EUROPE VIA SUtZ 1 Mfmb?f ot ,he ce Coosctwrn FROM ['JROPE VIA SUEZ J A Mcmbff of thr Ace Consortium MillY CONIAINfRISED 10 FROM NORTH AWRICA *FS! COASi CONVtNTIONAL SERVICE TO PERSIAN GULF VESSEL KUANTAN S PORE546 words
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Advertisement370 1988-01-12 20 Ta FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO COLOMBO: sailing 20/1 1/2 FOR: PORTO, LISBON, ORAM, BILBAO MADRID, MALAGA, MEULLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER A ISTANBUL U-g-A-PORT MORESBY, RABUAL, LAE KIETA, MADANG A KIMBE NOUMEA 5/2 SUVA/LAUTOKA 7/2 NEW ZEALAND AUCKLAND, WELLINGTON LYTTELTON,370 words
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Advertisement1248 1988-01-12 20 >j EVERGREEN Full ContJirw St'rvn Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) trj HKC EVER GOLDEN 14/1 11/1 EVER GUARD 21/1 2S/1 EVER GROWTH »/l 2/2 EVER GRAND 3/2 7/2 EVER GREET 11/2 22/2 EVER GLOBE 2/3 fc'3 EVER GENTLE 1/3 13/3 ALSO ACCEPTING CARGO TO 1) PROVIDENCE. NEWARK. SAVANNAH ROSTC wnJMNCTON. ItmiUOA.1,248 words
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Page 21 Advertisements
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Advertisement740 1988-01-12 21 PACIFIC INTERNATIONAL LINES PIL Building. 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 00 W A KOTA EAGLE MAJARAMT FAR EAST CONTAINER SERVICE 17M no no no i«m i«n isn isn an an an MM 21/1 23/1 23/1 MNB >1/1 OMIT 4/2 It 7/2 17M 1/2 2/2 1/2 13NB SLO740 words
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Advertisement409 1988-01-12 21 i£j> BEN LINE t*". CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS TASMAN JEBSEN NEW ZEALAND LINE FIJI AND SOUTH PACIFIC ISUUIOS SIN HKB AKL NAP TIM BLUFF 11/1 a/i m 12/2 14/2 IC/2 JEBSEN SOUTHLAND409 words
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Advertisement340 1988-01-12 21 Subfoct «b Iwßacßiwnt Also accepting cargo to CaoaMum. Port Bald. Port Alaxandrta. Qawoa. Trtoolo. ALSO ACCEPTING MTM CONTAINERS. CONVENTIONAL CARGO VIA T/S TO UK FONTS. HULL. LE HAVRE. OSLO. COfENHAGEN. AARHUS. GOTHENBURG AND NQJSMKI r DJAKARTA LLOYD INDONESIAN NATIONAL LINT :-I* 4 J Wi 01 *!•!•*S f* i'J« M Tf340 words
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Advertisement401 1988-01-12 21 BOUSTEAD Shipping aui-ink.it s Ih NMU FIVE STM TOMBS' s pore P.KcUng HTOWEYWA V23IW 14/U i* MvoMWA am tm PAGAN VI23W 2S/77 ian BANK LINE express amnm awn* HORTHBOUHD TO UKC SPORE ROAM HULL HMB6 J»" W W *1 SlX!** J? w w V FORTH BANK VZIN 26/2 I*3 27/3401 words
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Page 22 Advertisements
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Advertisement962 1988-01-12 22 kL K"LiriE SHIPPinG-DfiTfi .V RTLRHTIC CDRST (Round-The-World Service) 'PK/PNG SPORE LB CHIS FRIENOSHIP W SLD 14 j s Feb 16 Fab BffiDC^VIS 6 AiiBASSAOOR 16 Ja 21 J n 13 Ftb 23 F#b •VIA FEEDER PRCIRC SOUTH-WEST FEEDER VSL 'PK/PNG SP MOTHER VSL LA/ ORIENTAL FRIENDSHIP V 6 Sid 14962 words
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Advertisement271 1988-01-12 22 r.i-,;' "f'l Accepting LCL South Africa HAYAKAWA MARU 4636E VAAL 4734F 9/2 V 22/2 Jardio JARDINE SHIPPING AGENCIES (REG. *****4/ 00K) 200 CANTONMENT ROAD #12-05 SOUTHPOINT, SINGAPORE (COB td: *****11 TELEX NO: RS ***** TERMINAL/CFS Tel. *****18-220 BOOKINGS Tel. *****34-235 EaS Pffjf NC GLORY V»1 HAEWOO N0.3 STT' WORLDWIDE PACIFIC271 words
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Advertisement600 1988-01-12 22 a if INDIA EXPRESS CONTAINER SERVICE S.O TRIPURA VOH LOTTE SCHEEL V RAVI DAS VJM theooor fontane V m S O A. PRADESH V KM INDIAN COURIER VJM PRELUDE V THEOOOR FONTANE V ISN S O NACALAND V M LOTTE SCHEEL V S PRELUDE V.78 INDIAN COURIER VJSN THEOOOR FONTANE600 words
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Advertisement666 1988-01-12 22 GOLDEN LINE GUM GUAN SUPPING (PTE) LTD S. Tata* Ayw StrMt SINGAPORE 01M TEL S3UM (IC LINES) Fu: 9QSM STRAITS/PERSIAN GULF SERVICE: GOLDEN HARVEST Colombo/Karachi Dubai S pore P.Ketanc Penan GOLDEN HARVEST CotombofKaradM/Dubai 24/25 Jar GOLDEN HAVEN Cotombo/Karachi'Dubai MO Ftb CHINA SERVICE A VESSEL Shanjhai/Hsinkang 12/14 Jan Ml TUN SHAN666 words
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Advertisement468 1988-01-12 22 I© PHILI OIIKNT LINfS PTf LTD HfAO OFftCf 63 ROBINSON ROAD «07 12 AFRO AS A BUILDING SiNCAFORf 01C6 t£Lf X RS ***** PHIL! fM *****76 W. 201. 27/1 EAST AFRICA/MEDITERRANEAN UA. 13/1. 4/2 f l 1 1■ SERVICE i3/i. 17/1 a/i DONA, MUSCAT. BAHRAIN ABU DHABI A SHARJAH. JEDOAM.468 words
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Page 23 Advertisements
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Advertisement668 1988-01-12 23 1 NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE. LTD. FE EU/AUST TPA/SEA Ttrminjl CFS BOOKINGS *****53 I7WQ *****22 *****53 *****11 27*116 *****11 *****« NEPLINE SON. BHD. 3MNB7 INWARD/OUTWARD NEPLINE SON. BHD. *****3 enquiries mm NEPLINE SON. BHD. l2ai3S/627tt0/tt7ttl«7tt2 NEPLINE SON. BHD. *****0/*****1 FM EAST/EUROPE FULLY TO EUROPE/UK (VIA SUEZ):! I668 words
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Advertisement456 1988-01-12 23 OOKAItf HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG. BUSAN. INCHON SEMI-CONTAINERISED DIRECT SERVICE TO P.KELANG, PENANG, BUSAN, INCHON Name ETD BS BKK S'POflE PKELANC BUSAN No I Dottam/710N 27/12 87/81 In Port 14-17/01 27-30/01 02/02 No 7 oonwn/711N 30K12 11/01 IHI/01 1J- 21/01 3842/82 04/02456 words
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Advertisement566 1988-01-12 23 SINGAPORE SOVIET SHIPPING CO PRIVATE LTD 3Q| 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. «u*c KMM M/S HANDLING SYSTEM CO SON BHD MESSRS MAI THOMC SHIPPING 127 fWwStreet IW* kUtiyu566 words
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Page 24 Advertisements
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Advertisement332 1988-01-12 24 MEHMKOii 6®BUo f.ne4> fIU *****39 *****76 ***** A B SSCMA RS ***** A B SSCAO VLB DEUTF RACHT'SEEREEDEREI PuSTDrh INTEGRATED FULL CONTAINER SERVICE TO CUROft **VIA lARN ACA Aaepti Unraol, Beirut IMjyy EUROK 13*7 THA£IMAN 1M cargo for Lattak*, Piraeus, Thanafcmki, Izmir, Istanbul, aandna, Port Said. Iraqi, Iranian. 'Accepting carta332 words
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Page 24 Miscellaneous
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Miscellaneous178 1988-01-12 24 •171 [>•74 Regional Weather 1 m v Wi: vXvX-.-Xv x^ Mi "N v""> 1 V 5S I k 3 LL Is SIGNIFICANT WEATHER AND BEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND </*■ Wmd direction with speed in knots Wove height R Thunderstorm Temperature o c A V Shower Weather178 words
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Page 25 Advertisements
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Advertisement402 1988-01-12 25 E SHOREPACK FREIGHT SERVICES (S| PTE LTD TEL: 224-2542/223-3463/223-3875 FAX: 224-0421 TLX: RS ***** WEEKLY LCL A FCL SERVICES TO: Europe UK/N. Cont/Scandinavian ports F. East Bangkok/Hongkong/Taiwan/Korea/Japan U.S.A. East/West Coast ports Australia/New Zealand/S. Pacific Islands Continuous rtetMnf at our CFS/CoMecMon Sorvtcoa available inTEGRn shipping pre ltd TEL: *****33 (4 LINES)402 words
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Advertisement118 1988-01-12 25 JSC IZUMI LINE EGULAR EXPRESS CONVENTIONAL SERVICE TO CALCUTTA VSL BIT Sport loading For WAKAYU 63A 1982 15TH-17TH JAN 88 CALCUTTA G. AGENT: TAIKA SHIPPING ENTERPRISES PTE LTD TLX ***** TAIKA TEL *****78 BOOKING AGENT: RICK MARINE ASSOCIATES PTE LTD TLX ***** RMA TEL *****86 AGENTS ANTARNUSA CONTAINER LINE PTE118 words
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Advertisement606 1988-01-12 25 ETA S'PORE m w LOADING FM ALFARABI MV SINOBAD HV BASRAH MV BAGHDAD THROUGH B/U to BAGHDAD UPON REQUEST AISO ACCEPTING CONTAINERS UPTO AQABA t BAGHDAD REEFER SPACE AVAILABLE UPTO AQABA LOADING CONTAINERS/CONVENTIONAL COO FOR BMW PORTS IN JAPAN ON INDUCEMENT CAN CALL ANY PORTS IN INDONESIAOABAN/SARAMAK FOR LOADING CHINA/KOREA/JAPAN606 words
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Page 26 Advertisements
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Advertisement329 1988-01-12 26 ai Sun Hup Co (Pte) Ltd i TEL *****06 (20 Lines) TLX RS ***** RS ***** fc\ I \SI I K\ \KIIMK. Ill) 5 TOKYO/OSAKA li (I Mi' CAR CARRIER SERVICE TO MUARA/KUCHING KK Loading at appropriated Berth P4-P5 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG, TAIWAN CHINESE PORTS, SUBJECT329 words
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Advertisement511 1988-01-12 26 CGMi FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GU LF/CAN ADA/HEX ICO AND FRENCH WEST INDIES Nr. Halifax, Montreal, Toronto, Mew York, Balmitore, Portsmouth, Northfofc Alto serving GULF Savannah, Miami, Mobil*. New Orleans, Houston/Mexico Vera Cruz, Mexico City/ FRENCH W. Indies Port De France, Pointre A. Pitre,511 words
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Advertisement247 1988-01-12 26 LCL WEEKLY SERVICE TO: *mm 18/1 HAM/BREM IS/1 BANGKOK 18/1 ROTTOBAM 18/1 HONQKONG 12/1 TUURY 18/1 FRBMANTLE 18/1 SYD/NBJ 11/1 ADELAIDE 18/1 (transit tlm« 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY CON-CARRIER 52/87 CON-CARRIER 53/87 ETD GERMANY ETA S PORE 22/12 11/1 29/12 18/1 LCL SERVICE TO CARRIBEAN PORTS ST.247 words
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Advertisement639 1988-01-12 26 CALL US ATr P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR '*****122/4, *****3 '07-*****8 •07-*****3, *****5, *****0, *****1 •02-*****22 *****88 FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER BUTANC 407 B BUTANC «R GOTHENBURG EC ill A A*i N. OELfT NIHON N. CXJIMA B sum* OTHER DESTINATIONS: AARHUS. AMSTERDAM.639 words
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