The Business Times, 13 January 1988

Microfilm: NL16051
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 WEDNESDAY, JANUARY 13, 1988 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    177 1 Oversea* markets Twsdey HK Hang S«ng Index 2442.41 41.61 Tokyo Nikkei Average *****.05 46.62 Sydney All-Ordinaries 1286.8( 21.3) Monday Now York (Dow Jones) 1945.13 33.82 London (FT 30 Index) 1417.4 (-7.1 Exchange rates US$3 128.00/10 yen 1.6370/80 DM SS2.0255/65 £> US$1.8175/85 M$« S $0.8004/11 Slmex Euro-$ (Mar)
    177 words
  • Article
    Lock icon Dow Jones lower
    51 1 Reuter WALL STREET blue chips fell further early yesterday as oils declined on dropping crude prices, the dollar fell as dealers awaited the US trade report on Friday and some program traders sold, analysts said. The Dow 30 index was off 38 at 1906. Losers led gainers.
    Reuter  -  51 words
  • Article
    Lock icon London steady
    48 1 AFP SHARES prices steadied around midday after a shaky start on the London Stcok Exchange yesterday, underpinned by takeover activity. At 1200 hours GMT, the FT 30 Index was up 6.8 points at 1,424.2 and the FT 100 Index was up 7.3 points at 1,767.5. AFP
    AFP  -  48 words
  • Article, Illustration
    Asian markets close higher in thin trade
    236 1 AN OVERNIGHT REBOUND on Wall Street helped major Asian markets to close higher yesterday in thin trade as investors shrugged off fears of a new global financial crisis. However, dealers said sentiment remained cautious ahead of the release of the US November trade
    236 words
  • Article
    Drew and Napier faces negligence suit
    369 1  -  Claims against law firm could total $2m By ELAINE KOH DREW ANO NAPIER, one of Singapore's most established law firms, has been slapped with a negligence suit with claims that could total $2 million. Among the 13 partners named as defendants in the action
    369 words
  • Article
    Lock icon Aid to Philippines tied to US bases, say congressmen
    357 1 AFP A GROUP of US congressmen yesterdsy said that the approval of a "mini-Marshall plan" involving US$l billion in aid to the Philippines was tied to the maintenance of US military bases in the country. "There is no way that we
    AFP  -  357 words
  • Article
    Greenback eases slightly against the yen in sluggish trading
    174 1 THE US dollar eased against the Japanese yen in sluggish trading in Tokyo yesterday with most market operators on the sidelines ahead of the announcement, due Friday, of the US November trade figures. Fears of dollar buying by the various central
    174 words
  • Article
    Lock icon KL court seeks release of Karpal Singh to argue UEM case
    549 1 AFP Bernama MALAYSIA'S Supreme Court yesterday asked the government to allow a jailed opposition lawyer to attend court to argue a case against Prime Minister Datuk Seri Dr Mahathir Mohamad's administration. Lord President Salleh Abbas, heading a five-man bench,
    AFP; Bernama  -  549 words
  • Article
    Lock icon Taipei planning aggressive investments in Hongkong
    340 1 Reuter TAIWAN is planning major investments in Hongkong in a clear sign it intends to adopt a more aggressive policy towards the British colony which is to be handed to Beijing in 1997. A cabinet statement in Taipei on Monday said Taiwan planned "large
    Reuter  -  340 words
  • Article
    SICC committee is against proposal to rotate auditors
    442 1  -  By Elaine Koh A COMMITTEE of the Singapore International Chamber of Commerce (SICC) has thrown itself into the fray on the issue of the rotation of auditors, coming out with a resounding "no". This runs counter to the report by a special
    442 words
  • Article
    Lock icon KL drops permit requirement
    178 1 Bernama MALAYSIA has abolished the requirement for approved permits (APs) for goods imported into the country from China. Speaking after opening a conference in Kuala Lumpur yesterday, Trade and Industry Minister Datin Paduka Rafidah Aziz said the Cabinet decided last week to drop the requirement immediately.
    Bernama  -  178 words
  • Page 1 Advertisements
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      167 words
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      Page 1 Advertisements Column 2
      357 1 Looking at the alternatives SINGAPORE'S past economic performance is "perhaps too good to provide a sufficient challenge to look for policy options for the future," say the authors of one of the latest books on the Singapore economy. In this respect, the writers suggest that alternatives be considered for the
      357 words
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      Page 1 Advertisements Column 3
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  • YESTERDAY IN PARLIAMENT
    • Article, Illustration
      Team MPs: referendum offers no solution
      664 2 THE GOVERNMENT has rejected a call for a referendum on the Team MP proposal, saying it would result in only a yes' or 'no' answer and would not offer a solution to the need to ensure that Parliament stay multi-racial in character. If it
      664 words
    • Article
      MPs support proposal for changes in Constitution
      326 2  -  Reports by LOH HUI YIN and CHUANG PECK MING MEMBERS OF PARLIAMENT, except for Opposition MP Chiam See Tong, were unanimous that changes should be made to the Singapore Constitution to ensure that Malays and minorities would be represented in Parliament. Some of
      326 words
    • BRIEFS
      • Article
        Agro-tech parks coming along fine
        144 2 RESPONSE to the government's efforts to promote agro-technology parks has been very good, said the Minister of State (National Development), Or Lee Boon Yang. By the end of last year, 40 plots of land totalling 137 hectares (ha), at Sungei Tengah, Mural and Loyang had
        144 words
      • Article
        Providing for two Deputy Speakers
        111 2 PROVISION for two Deputy Speakers of Parliament instead of one, has been made under amendments being proposed to the Constitution. First Deputy Prime Minister Mr Goh Chok Tong said: "Having two Deputy Speakers will ensure there will be an additional person well-versed in parliamentary procedures
        111 words
      • Article
        News on, WP not blacked out
        95 2 THERE wss no blackout of news on the Workers' Psrty on rsdio and television, Or Yeo Ning Hong, the Communications and Information Miniater, said. Whether or not news on the Workers' Psrty wss included in the limited sir time of TV and radio news
        95 words
      • Article
        MRT may go to Hougang
        28 2 EXTENSION of the Mass Rapid Transit system to Hoogang is actively being considered, disclosed the Communications and Information Minister, Or Yeo Ning Hong.
        28 words
    • Article, Illustration
      Better compensation rates for property owners
      146 2 THE LAND Acquisition (Amendment) Bill was passed yesterday, giving better compensation rates to property owners whose land was acquired by the government on or after Nov 30, last year. The compensation would be fixed at market rates as at Jan 1, 1986, or current
      146 words
  • HOME NEWS
    • Article
      Exports of food and beverage up 9.5pc
      494 2  -  Japanese market most promising By WILLIAM CHIA SINGAPORE'S domestic exports of food and beverage last year came to $1.49 billion, an increase of 9.5 per cent over 1966. Detailed figures for the full year are not yet available but the nine-month scoreboard shows
      494 words
    • Article
      Underscoring need for productivity managers
      251 2 IN THE US, the number of companies with productivity managers increased from three in 1975 to some 300 in 1965. This, said Mr Mah Bow Tan, chairman of the National Productivity Board (NPB), showed how quickly US companies recognised the importance of the productivity management
      251 words
    • Article
      Productivity movement is deep-rooted
      232 2 ALTHOUGH the productivity movement in Singapore was launched only about six years ago. it has grown into a matured and deep-rooted one. said a Dutch productivity adviser. Mr H A M Cliteur, senior director (organisation efficiency) of the Philips parent company in the Netherlands, made this
      232 words
    • Article
      Nation-building through songs
      127 2 A NEW national programme, "Sing Singapore", is to ba launched on Jan 30 to promote community singing as a way of life. A statement from the Ministry of Communications and Information said one of the programme's aims is to strengthen feelings of patriotism and nationhood among Singaporeans.
      127 words
    • Article, Illustration
      NTUC FairPrice expects lower growth rate in next two years
      404 2  -  By GENEVIEVE CUA RETAIL COOPERATIVE NTUC Fair Price's net profit for the rent financial year ia not likely to surpaaa last year's record performance, although "good increases" were achieved in both salea and operating profit relative to last year. The
      404 words
    • Article
      Guinness Mahon Asia liquidates voluntarily
      250 3 GUINNESS MAHON Asia Ltd. a merchant bank with an ACU licence, has gone into voluntary liquidation following the decision of its London head office to downgrade its presence here to a representative office. Guinness Mahon Asia, incorporated in Singapore in August 1973 and wholly owned
      250 words
    • Article
      Singapore to take part in World Expo 88
      384 3  -  From FLORENCE CHONG SINGAPORE has agreed to take part in the World Expo 88. a As6oo-million, sixmonth long extravaganza to be held in Brisbane in April. A jubilant Sir Llew Edwards, chairman of the Expo 88 Authority, announced this yesterday, adding that
      384 words
    • Article
      Mitsubishi Electric raises stake in subsidiary
      369 3  -  By LONG SHIH ROME MITSUBISHI ELECTRIC Corporation has increased its stake in the local manufacturing subsidiary. United Electronics Engineering Corporation, a manufacturer of aodio-visual products. To reflect the increase in the Japanese stake to 95 per cent from 83 per cent the local subsidiary
      369 words
    • Article
      Validity of forex rates
      156 3 WITH EFFECT from yesterday, foreign exchange rates issued by the Customs and Excise Department for duty computations on goods subject to 'ad valorem' rates of duty will be valid for a fortnight instead of a week. These exchange rates will be issued every alternate Tuesday. However,
      156 words
    • Article
      Moderate growth for air cargo expected
      569 3  -  By LIM SOON NEO THE AIR CARGO INDUSTRY, which expanded vigorously last year, is expected to grow more moderately this year. The industry grew by 18 per cent last year, surpassing the projected 14 per cent growth rate. For this year, an expansion of
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  • Page 2 Advertisements
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      140 2 2 nights and 3 days at the Mandarin Singapore for *****.001 Mandarin Executive Package Deluxe room in the Main Building Complimentary fruit basket Chinese tea service in room upon check- in Welcome drink Free use of Mandarin Recreation and Health Club facilities (except for massage and squash/ tennis courts) Complimentary
      140 words
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      Page 2 Advertisements Column 2
      9 2 Managers must manage BT shows you how every Monday
      9 words
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      68 2 INTERNATIONAL BUILDING PRIME OFFICE SPACE TO LET /f i i jN" Check us out: &r Excellent location outside CBD and next to Orchard MRT station. [0" Ample parking space. B' Competitive rental rates. 0" Unit size from 400 to ***** sq. ft. 0* Professional management team Come and be one
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      296 3 Good ideas keep coming up IBM compatibility. Compatibility with IBM PC/XT* gives you extensive software access. A i J J| i A I I 1 Pursuing the Sharp concept of high performance in a compact body, Sharp's new PC-4521 laptop offers you all the working advantages of full-fledged desktop computers,
      296 words
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  • ASIA – PACIFIC
    • Article, Illustration
      Lock icon China rebuffs Soviet call for summit
      548 4 Beijing insistent on Viet pull-out from Cambodia Reuter AFP CHINA yesterday rebuffed Soviet leader Mikhail Gorbachev's latest call for a Sino-Soviet summit meeting by repeating top leader Deng Xiaoping's demand that Moscow first pressure Vietnam to end its occupation of Cambodia. "Deng Xiaoping has
      Reuter; AFP  -  548 words
    • Article
      Lock icon Call to cut intake of Asian immigrants criticised
      303 4 AFP A SENIOR aboriginal public servant came under fire yesterday for saying that South-east Asian immigration to Australia should be restricted. Aboriginal Affairs Department secretary Charles Perkins said on Monday that fewer South-east Asians and more South Americans, Africans and Filipinos should
      AFP  -  303 words
    • Article
      Lock icon Rabuka seeks permanent role for army in future Cabinets
      274 4 AP FIJIAN army commander Sitiveni Rabuka was quoted yesterday as saying he wanted a permanent role for the army in future civilian Cabinets to prevent coups like the two he staged last year. "Once the commander is in the decision-making of
      AP  -  274 words
    • Article
      Lock icon Deregulation for Jakarta
      75 4 AFP INDONESIAN President Suharto will launch another package to deregulate the country's oil-de-pendent economy before his five-year term expires in March, an economist with close links to government has said. Mohamad Sadli, a former Cabinet minister and now chief economist for the Chamber of Commerce and Industry,
      AFP  -  75 words
    • Article
      Lock icon Hanoi accused of duplicity
      104 4 AFP FORMER Cambodian ruler Prince Norodom Sihanouk accused Vietnam and the Soviet Union on Monday of "duplicity" over efforts to end the nine-year deadlock in the South-east Asian country. In a written press statement, the resistance leader also reaffirmed he would never accept a settlement to
      AFP  -  104 words
    • Article
      Lock icon Reports of renewed pressure on NICs 'misleading'
      345 4 AFP HONGKONG Trad* and Induatry Secretary Hamiah Macleod has described as misleading reports of renewed pressure on Asia's four newly-industrialiaing countries (NICs) to revalue their currencies. Mr Macleod, speaking in Hongkong on Monday on his return from a General Agreement of Tariffs and
      AFP  -  345 words
    • Article
      Lock icon Indian government seeking to expand trade and economic ties with Malaysia
      321 4 Bernama INDIA hopes to axpsnd substantially its trade snd economic tiss with Mslsysis with the holding of s 10-day trade exhibition from tomorrow st ths Putrs World Trsds Centre in Kuala Lumpur. The Indian High Commissioner, Preet Mohan Singh
      Bernama  -  321 words
    • Article, Illustration
      Lock icon Kim expects Roh to meet demand at meeting
      334 4 AP PRESIDENT-ELECT Roh Tae-Woo and opposition leader Kim Young-Sam are to meet today, signalling a political thaw in South Korea after opposition charges of massive fraud in last month's presidential elections. Political officials said the Rob-Kim meeting was agreed on between the
      AP  -  334 words
    • Article
      Lock icon Philippine local polls a prelude to 1992 elections
      447 4 AFP AS THE Jan 18 local election campaign draw* to a feverish close, would-be successors to President Corazon Aquino are marshalling their followers in a crucial proxy battle for the 1992 presidential election, analysts say. The political fortunes of Jovito Salonga, Salvador
      AFP  -  447 words
    • Article
      Lock icon Tass calls for removal of US bases in Philippines
      144 4 AFP US MILITARY bases in the Philippines must be removed if the security of South-east Asia is to be assured. the Soviet news agency Tass said on Monday. The security of the Association of South-east Asian Nations (Asean) depended on the
      AFP  -  144 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      856 4 ARRIVALS Operator Sorvtc* number |nml time From OA SU UA SU SU MAS KAL SU MAS MAS SU CPA QAL MA GU SU us SU THAI SU SU GU MAS SAS GU SU CAL SU GU SU SU SU KLM SU GU THAI CPA MAS MAS MAS
      856 words
    • Article
      Lock icon Call for Egypt to break ties with Israel
      229 4 AP MUSLIM fundamentalists in Egypt renewed their call on Monday for Egypt to break diplomatic relations with Israel over the violence in occupied Arab lands. "We call for the return of Egypt's ambassador to Israel and diamissal of the Israeli delegation in
      AP  -  229 words
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      168 4 IF KNOWLEDGE IS POWER, THEN FACTS ABE THE BUILDING BLOCKS OF KNOWLEDGE.... Fact: Fact: Fact: Fact: Fact: 7th Offshore South East Asia Conference and Exhibition Date: 2-5 February 1988 Place: Singapore World Trade Centre Tune: 9.00 am 6.00 pm 4.00 pm closing on the sth 94 conference papers 16 sessions:
      168 words
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      Page 4 Advertisements Column 2
      61 4 fI 1/ Tfl 1m The business person's choice, every I I II 111 I Tuesd °V. Thursday. Saturday and I I IJV 1 I I 1 I Sunday. Leaving Changi Airport at 1 V, /i VVyi 1 22:05 hours and arriving at Lester B. Pearson International Airport the following day.
      61 words
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  • REST OF THE WORLD
    • Article
      Lock icon W Germany estimates record trade surplus for 1987
      220 5 Reuter WEST GERMANY reported a re- cord trade surplus in 1987 of -115.8 billion marks compared with 112.6 billion the previous year, initial estimates from the Federal Statistics Office show. A spokesman for the Office said on Monday the estimates showed that
      Reuter  -  220 words
    • Article
      Lock icon US and Canada sign three bilateral accords and pledge closer cooperation
      369 5 AFP US SECRETARY of State George Shultz and Canadian External Affairs Secretary Joe Clark signed on Monday accords on bilateral extradition, Arctic cooperation and counterterrorism. The meeting in Ottawa focused mainly on trade issues and prospects of US congressional
      AFP  -  369 words
    • Article
      Lock icon World military spending rises to a record US$930b in 1987
      470 5 AP MILITARY SPENDING worldwide soared to a new high of about US$93O billion in 1967, according to an annual study released on Monday. But along with the increase of US$5O billion from 1966, the United States and the Soviet Union
      AP  -  470 words
    • Article
      Lock icon New York's Chinatown revisited
      121 5 AFP IMMIGRANTS returned to a grade school in New York's Chinatown on Sunday to pay homage to the place where they learned to speak English and got to know the United States. They were visiting the Columbus School, or Public School 23. The school, built in
      AFP  -  121 words
    • Article
      Lock icon Solidarity looks at ways of joining political mainstream
      223 5 AFP MILITANTS of the banned Solidarity trade union have engaged in a nationwide debate to look at ways of joining the mainstream of political activity in Poland. Jan Litynski, a leader of Solidarity's Warsaw branch (RKW), said yesterday he felt the movement's
      AFP  -  223 words
    • Article
      Lock icon US urged to look into high plastics machinery imports
      213 5 AP SEVEN American companies ssked the Federsl government on Monday to investigate rising levels of plastics machinery imports, saying continued eroeion of the US market share would threaten national security. In a petition filed with the Commerce Department the companies said
      AP  -  213 words
    • Article
      Lock icon Ties between Moscow and Bonn improve
      496 5 Soviets no longer seen as having aggressive designs Reuter MOST WEST GERMANS no longer see the Soviet Union as having aggressive designs, a view that appears reflected in improved relations between Bonn and Moscow. The new mood is underscored by a visit to Bonn
      Reuter  -  496 words
    • Article, Illustration
      Lock icon Reagan finds silver lining in the economic cloud of trade deficit
      391 5 Reuter PRESIDENT REAGAN has found a silver lining in the economic cloud of the huge US trade deficit aa the Commerce Department prepared to releaae a new set of trade figures. "Historically, fast-growing economies often run deficits in the
      Reuter  -  391 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
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      106 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      166 5 Max/ Note <°C) 36/23 08/05 12/08 20/12 32/22 29/24 02/-9 15/11 04/01 05/03 22/18 07/02 29/22 10/-1 i 35/23 21/11 -4/-18 38/20 26/17 -9/-15 06/03 32/25 08/02 05/03 08/-1 30/23 04/02 23/13 19/14 28/21 18/04 07/05 32/24 13/08 28/16 02/-1 32/23 25/20 09-04 08/04 25/09 12/-1 30/23 37/18S 24/08 24/16
      166 words
    • Miscellaneous
      Page 5 Miscellaneous Column 2
      51 5 Doonesbury BY GARRY TRUDEAU IFWR£HB*£ 7D TAUNT ME, S J see! CML, YOU'LL HAVBTDTAKS A NUMBeR. NO, NO, JUST HOT HELL. **!N6AKf HAKfcCHARACTBiimas tS NOT EXACTLY UPUFTTNQtUXK. Sk a *£U, RCK, LOOK AT fT THIS MY. IF YOUDON7 DOfT,SOMS- FAR- LeSS SUtTBD TO IT MUf CHARACTER fVfTRQL* of ism i
      51 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1429 6 SINGAPORE: The US dollar yesterday closed slightly lower against most major currencies after some selling by Japanese exporters and interbank traders, in light and cautious trading. Dealers said most operators were reluctant to take large positions ahead of Friday's release of US November trade figures which are expected
      1,429 words
    • Article
      Lock icon Big banks unlikely to join Mexican debt plan
      1022 6 NYT THE NEGATIVE accounting effects of a proposal to exchange US-backed Mexican bonds for some of Mexico's bank debt will apparently limit the role of big banks in the plan. The view in the US banking community is that the plan by
      NYT  -  1,022 words
    • Article
      Lock icon EC expected to cut barriers
      152 6 Reuter THE EUROPEAN Community is expected this week to announce plans for a community banking licence, giving any bank the automatic right to operate in another member state under the supervision of its home country, EC sources said. One official said the proposals, which are
      Reuter  -  152 words
    • Article
      Simex/IMM
      166 6 MARCH Eurodollar futures opened slightly easier from Chicago's close in mixed trading as market participants were apprehensive about the forthcoming US trade balance figures to be released this Friday. Trading range remained locked from 92.33/37 in moderate activity as there were no fresh factors to move the market. Liffe
      166 words
    • Article
      Money markets
      71 6 THE OVERNIGHT rate on the Singapore interbank market rose point to 3!4 per cent yesterday. The one-month term rate was unchanged at 3 per cent. The two-month term rate was down 14 point to 3 per cent. S$ Interbank rates at 12 noon yesterday: OWW MO Overnight 3%
      71 words
    • Article, Illustration
      World interest rates
      179 6 Indicates the average of the prime lending rates of 12 major banks In S'pore Interbank market rata* (offer/bid) on Jan 12 US$ DM SWFC Y«n 7 4o» IS/I* 13/1* J/« 1/4 3 3/1* 1/1* 1-3/4 3 3/4 s/a 1 m* 7 1/14 13/16 J/4 S/« 3 3/16
      179 words
    • Article
      Government securities market
      84 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity KID Off€R HIGH LOW 3 months BQ*****H 07.4.88 2.90 2.85 2.88 2.73 6 mcwtln BY*****S 30.6.88 2.97 2.92 2.93 2.85 1 year BY*****T 24.11.88 2.25 2.20 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code
      84 words
    • Article
      Asian dollar market
      352 6 ASIAN DOLLAR deposit rates closed little changed from its slightly higher opening levels in quiet afternoon trading yesterday. Dealers said most operators were sidelined in the afternoon due to a general lack of interest in the absence of fresh factors. The market is waiting for Friday's US
      352 words
    • Article
      Options
      892 6 r nrr M T^T Tw (•day, JantN *y 12. 1 W xun IS i* 17 M If kO II 13 13 M IS 1* 17 ICHC MARK (SMIEX) MNMII M* Lot 142* II7A 1204 71A 444 40* 404 23A ISA 7A SA 193 137 77 45 34 13 7
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    • Article
      Comex gold/silver futures
      142 6 Qo4d future on Jan IT 100 My ouncm USS pr toy our 0» Op— "N* tw MM Jon 40X00 ■ffy |Q 401.90 -1 JO 40*40 40X10 .1.90 Mar 444.00 40X00 ***** 4*6.30 .1.90 Apr 49X30 49X00 409JO 409JO -1.90 Jur 49x40 49X00 ***** 493.40 .1.90 Aug K>
      142 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      173 6 TRADING AND INVESTMENT OPPORTUNITIES IN OPTIONS Saturday, 6 Feb 1988 8.30 am to 12.30 pm The Singapore International Monetary Exchange now trades in options on Eurodollar futures, yen futures and deutschemark futures. Throughout the world, institutions and individuals are using options as a risk management tool to hedge against adverse
      173 words
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      Page 6 Advertisements Column 2
      10 6 IB IttNQUE INDOSUEZ 3 Shenton Way. Shenton House. Singapore o*o6
      10 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Hongkong ready for imposing negative interest rates by early March
      229 7 Reuter HONGKONG will be ready to impose fees on some bank deposits by early March to defend its currency. "We have a draft agreement which will be applied if necessary." said John MacKenzie, the head of the British colony's bank
      Reuter  -  229 words
    • Article
      Lock icon World Bank capital rise nears accord
      247 7 Reuter THE WORLD BANK'S major shareholders are close to agreement on the size of a new general capital increase (GCI). but congressional approval this year of the US share of the funds is far from assured. World Bank officials and congressional staff aides M>d
      Reuter  -  247 words
    • Article
      Lock icon Britain adopting tough line on bank capital
      435 7 FT THE BANK of England is to take a tough lin« in implementing the new accord on bank capital proposed by international banking supervisors last month. In an explanatory paper issued over the weekend, the bank said that it viewed the standards as
      FT  -  435 words
    • Article
      Lock icon Manila bank back in the black
      104 7 Reuter PHILIPPINE National Bank earned a net profit of 1.01 billion pesos in 1987 compared with losses of 3.57 billion pesos in 1986 and 7.22 billion pesos in 1985. Edgardo Espiritu, president of the stateowned bank, said in a report to President Corazon Aquino
      Reuter  -  104 words
    • Article
      Lock icon Chase Securities trims staff
      65 7 Reuter CHASE MANHATTAN Securities, a subsidiary of Chase Manhattan Corp, is cutting 19 of 120 positions in its Eurobonds, UK government bonds and US Treasuries business in a cost-cutting effort. A spokesman said in London that the staff affected are in sales, trading and analysis. It
      Reuter  -  65 words
    • Article
      Lock icon US Supreme Court upholds Fed decision on NatWest subsidiary
      313 7 Reuter THE US SUPREME COURT has declined to hear a challenge by the securities industry to a Federal Reserve Board decision allowing a bank subsidiary to provide brokerage services and investment advice. In a setback for the Securities Industry Association, the
      Reuter  -  313 words
    • Article
      OCBC cuts its housing loan rates
      287 7  -  By SOH TIANG KENG Financial Correspondent OVERSEA-CHINESE Banking Corporation will offer the loweat housing loan rates among local banks when it slices its mortgage interest rates by 0.25 percentage point across the board from tomorrow. As for first-time homeowners, they will enjoy the added
      287 words
    • Article
      Lock icon S Pacific loan move puts pressure on banks
      435 7 Reuter SECURITY PACIFIC CORP's addition of another US$35O million to its reserve for loan losses to developing nations pressures other US money centre banks to follow suit, say analysts. The influence of Security Pacific, America's seventh largest bank holding company, clearly outweighs
      Reuter  -  435 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      160 7 Jfe NATIONAL UNIVERSITY OF SINGAPORE SCHOOL OF MANAGEMENT STANFORD UNIVERSITY Graduate School of Business The 6th Annual Stanford-NUS Executive Program August 7 26, 1988 The Stanford-NUS Executive Program is an intensive three-week course designed to assist top managers who wish to function more productively in an increasingly complex and competitive
      160 words
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      Page 7 Advertisements Column 2
      234 7 When you own a Volvo, you're never on your own. Volvo doesn't stop at selling you one of the most reliable and safest cars on the road. We believe that Volvo drivers should also expect nothing less than the best personalized after-sales service we can offer. All owners of new
      234 words
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  • COMMODITIES
    • Article
      Precious Metals
      291 8 HONGKONG: Gold closed marginally higher, as local demand and a lack of follow-through selling after the metal's retreat in New York boosted prices. Bullion ended the day at U*****.30/80 an ounce, against the U*****.20/70 opening and New York's U*****.90/482.40. Dealers said there was selling from Swiss and US
      291 words
    • Article
      RAS and MRELB
      244 8 RAS prices in s fob m B NOON CLOSE 8uyors Sallars Bwyon Sollor? lot 1 RSS Prompt 229.00 230.00N 229.50 230.50N Inf 1 RSS F»b 88 227.00 227JON 227.50 228.00N Int 1 RSS Mar 88 225JO 226.00 226.00 226J0 Int 2 RSS OP 223.00 225.00 223.50 225J0
      244 words
    • Article
      Lock icon Seoul likely to import less oil
      67 8 AP SOUTH KOREA'S crude oil imports this year are expected to drop 6.6 per cent from last year to 215 million barrels. Energy and Resources Ministry officials yesterday estimated that the imports would cost between US$3.6 billion and US$3.7 billion. They said the projected
      AP  -  67 words
    • Article
      Lock icon Rubber
      155 8 Reuter SINGAPORE The rubber market closed easier yesterday with February One RSS buyers quoted at 227.50 cents/kilo, dpwn one cent from Monday's close. Brokers said sentiment was depressed by the lower Tokyo rubber market. Prices fluctuated erratically in the afternoon as profittaking alternated with speculative buying in active trading.
      Reuter  -  155 words
    • Article
      SSR and SMR
      86 8 (canto/kg, 1-*on po4Wt») FEBRUARY 88 MARCH 88 (currwit month) (forward month) RAS NOON NOON Stiltn Bvy*o ;,n lr i SSI 30 228-50 330JON 338.30 330JON SSI 50 337.00 339.00N 337.00 339.00N T dl:l S*8art g M SMI CV 282 50 384.50* 38 3JO J8R8n 383JON SMI I
      86 words
    • Article
      Oil and Products
      73 8 FALLS on the New York oil futures market took their toll on the Singapore oil markets yesterday. Products fob Singapore registered downward movement. U$l/benel OtanQ* Dubai (Nb) IS.2t ■au T wn (febl -0-55 Products (FOB S'pore) USt/barrai Oaw^i rimw 24.15 -0.15 Com* 1*.70 uncfc lo» Uftm Won,
      73 words
    • Article
      Lock icon KL Tin
      109 8 Reuter THE TM PRICE on Mm Kuala Lumpur Tin Market yesterday fell another Ave cents from Monday's doee to Mtl7.lt a kg In cautious trading, dealers Mid. The toll rsHactod a lower European spot market and MHal higher oßertnge In KL. Moot rash miners, who had already quota!
      Reuter  -  109 words
    • Article
      Palm Oil
      453 8 Malaysian cmd# pdin oil 4201 prices closed off the day's highs on profit-taking yesterday in sympathy with easiness in palm oil futures. Prices had earlier extended Monday s rise on further short covering, supported by expectations that Malaysian palm oil output would fall in January. Trading was light
      453 words
    • Article
      Produce Prices
      232 8 Chinese Produce Exchange MWin noon oouog pr Icm on ion 12 (SI/100 kg) Coconut oil M> FOt 112.00 OM drum FOt 122.00 htew dram FOt 126.00 Copra AM*«d Doom) 62 ulcn Pepper Muntofc jfilti FOt NIW 1187 JO Sarawak v4idv FOB foq NIW 1172.50 dorowoR &p#oo> Mack FOt
      232 words
    • Article
      Soybean
      113 8 SOYBEAN FUTURES on th« Chicago Board of Trade closed nine to four cents lower on Monday, With January off eight cents at U556.15% a bushel, as prices rose about five cents from the day's lows. Soyoil futures pared their loeses late, contributing to some late buying interest in soybeans.
      113 words
    • Article
      Wheat
      133 8 WHEAT FUTURES on the Chicago Board of Trade closed one to K cent lower on Monday with March down one cent at U553.2734 a bushel. Prices pared some of their midsession losses in sympathy with firm com futures. Prices opened lower on rumours that CCC auc- tioned up to
      133 words
    • Article
      London Markets
      311 8 London Commodity Exchange Iwytf/Stltf cMrq prtcot on ion 11 l£/fotwm %mk Prtvtew doting pHa poftrthtih. Hi ipitflod). w In Con— Both Irv-fforo London, t#N#re option OF London Jon 1180/1182 (1196/1198) ttgh/Low 1194/1180 Mor 1205/1206 (1225/1226) High/Low 1222/1205 c —1 jOI# 1 (2543) Cocoa Mof 1128/1129 (1138/1137) High/Low 1138/1125
      311 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      174 8 Ten reasons to go down under JOHN PERRIS Worldwide Media Director Saatchi Saatchi HELMUT SCHMIDT Publisher, 'Die Zeit' ALLEN ROSENSHINE President and CEO, Omnicon Prof Dr HELMUT SIHLER President and CEO, Henkel GOHEIKOGURE President, Dentsu NORMAN BERRY Creative Head, Ogilvy&Mather Worldwide CLAYTIMON VP and Director, Colgate Palmolive \Mk. IMAGINATION ROBERTO
      174 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Lock icon Simple emotive theme for Ovaltine launch
      510 9  -  By MONICA GWEE The Picture Farm THE CLOSELY-GUARDED all-natural-ingredients Ovaltine launch is now out and Wander (S) Re Ltd is spending $2 million to make sure the secret is no more after 15 months of tight security and planning. Batey Ads, the agency behind
      The Picture Farm  -  510 words
    • COPY LINES
      • Article
        Two firms finalise merger
        92 9 THE DENTSU Young Rubicam (DYR) network has finalised its merger with Europe's HCM group to form a new international agency. DYR's Asian network, including its Singapore office, will now be known as HOM/DYR. The local DYR office will also move one floor up from the 28th
        92 words
      • Article, Illustration
        New CEO for Burson-Marsteller
        242 9 JAMES H DOWLING, 56, president and chief operating officer of international public relations firm BursonMarsteller, has been named chief executive officer, the eecond in the firm's 35-year history. Harold Burson, whom Dowling succeeds as CEO, will continue to be active on a full-time basis as chairman.
        242 words
    • Article
      Packaging of product revamped
      258 9 THE WANDER BRIEF to Allied International Designers had several key requests to improve the Ovaltine logo; emphasise the natural ingredients strategy; reduce the "heatiness" perception of the Ovaltine tin colours; and to incorporate the new lid into the tin s design. "We also had to find
      258 words
    • Article
      Bates left out of rankings
      62 9 IN LAST WEEK'S Advertising A Marketing page, Ted Bates Advertising was inadvertently left out of the table ranking Singapore's top agencies. Bates had an estimated income of $2.25 million on billings of $15 million for 1987. Saatchi and Saatchi has also informed BT that it
      62 words
    • Article
      Reshuffle at Dot&Line
      60 9 DOT&LINE Ketchum Advertising has been running with a revised management structure since Jan 1. Mr Wong Lee, the agency's managing director, will no longer be actively managing the company but will remain as chairman. Catherine Ng, previously executive director, will assume the position of managing director. Creative
      60 words
    • Article
      CPA honoured
      36 9 CATHAY Pacific Airways has been named 1987 Airline of the Year by Air Transport World, an aviation publication. The criteria were based on, among other things, performance in finance, passenger service, and market development.
      36 words
    • Article, Illustration
      Americans acquiring taste for Indomie
      561 9  -  By GENEVIEVE CUA INSTANT NOODLES may never be as ail-American as hamburgers, hotdogs and apple pie. But one Singaporean is slowly making inroads among Americans with a brand of instant noodles. About eight months after its launch, Indomie marketed by Singaporean Danny Seng has captured
      561 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      121 9 •>4 X Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, you need to be kept well informed to maximise returns on your money. In the same way a surgeon needs his tools to operate, he needs Business Times to help him make sound investments. Fluctuations in shares,
      121 words
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      Page 9 Advertisements Column 2
      222 9 I I I I 1 I I I I GENIUS Wheel Printer offers with optional a hOSt Of keyboard kb-150 features not available on other printers at any price. Equipped with Dual Interface (C P. RS--232C)t it connects to practically any type of computer to give you impressive letter quality
      222 words
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  • PERSPECTIVE
    • Article
      Stipulating that the insider tell
      500 10 THE RAISON D'ETRE of laws curbing insider trading is that in an honest and efficient market, the odds should not be loaded against any particular category of players. The big boys who are privy to privileged information should not have an advantage over the little
      500 words
    • Article, Illustration
      Considering alternatives in economic policies
      1069 10  -  Singapore's economic success has been largely due to the policies adopted by the island's leaders. While this is recognised, the authors of one of the latest books on the Singapore economy, suggest that alternatives to the present policies and directions be considered for the future.
      1,069 words
    • Article
      Where Singapore's policy options lie
      1185 10 SINGAPORE depends more heavily on direct foreign investment for industrialisation and overall economic development than most nation-states. Dependence is reflected in the share of corporate equity in the economy (oscillating around 36-40 per cent of total equity investment for the period 1970 to 1981) and
      1,185 words
    • Article, Illustration
      Lock icon China: too many shows, too little business
      763 11  -  Foreign industrialists are making determined efforts to reach the right market for their products in China, but the results have been quite disheartening. The following report looks at the situation. By DAVID R SCHWEISBERG UPI A SALES executive for an American medical supply
      UPI  -  763 words
    • Article, Illustration
      Lock icon Tradition fights to stay alive amid Beijing's growing modernism
      1144 11 Reuter DIPLOMATS in Beijing can get a throne repaired in the streets, have an archbishop's house rebuilt, and dance at the site where their grandfathers fought in the 1900 Siege of Beijing. In a city where the exotic scenes of life
      Reuter  -  1,144 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      256 10 r/ I You have a I business to run, K a busy schedule to keep... A II SINGAPORE BUSINESS understands your BRcl* commitment to your work. So, instead of Hb I having to go out in the sweltering heat or HRn get held up somewhere in a traffic jam on
      256 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      637 10 CRYPTIC PUZZLE ACROSS 1 Followers taking a dip, perhaps (5) 6 Crocodiles are too much for her (5) 9 To Ivan, perhaps, this flavour's all wrong (7) 10 Not much of an article to grin about (5) 11 It's knocked out with a club (5) 12 A drink with a
      637 words
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  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1332 11 to QGE> oaaa® !M. 12 7.25 PM Opening and Programme 7.30 Vldeofashion Monthly Romanic Milan. Videofoshion Monthly takes us to Italy to see .1. mfxtt famLiWi i JL i nw so it T vTTiiinnv col IwCifooj ot romantic Milan. This Mason the Milan designers hall femininity with simple sophistication. 8.00
      1,332 words
    • Miscellaneous
      Page 11 Miscellaneous Column 2
      44 11 RING NCUi.... OUT LftT£ pvND NiNereeN £iGHT>/ eiGHT.. LowAprr DO i DO loobies on my piatc SO H€£€/S t O VOO i PL&ASe fee ft mPiTC PND Tgy AND OP TMc GO»NG» V C\\ I N) 1 BnStcw: Razj£LDictoQ6 ope. to thcncu) -,o 7SbO
      44 words
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  • SPORTS & LEISURE
    • Article, Illustration
      Golf Showdown promises to be exciting
      568 12  -  By WALTON MORAIS ENCOURAGED BY the financial success of the upcoming Greg Norman-lsao Aoki golf skins match at Bukit on Jan 24, the promoters of Showdown in Singapore are already looking forward to holding a similar event next year. Barry Flynn, golf director of
      568 words
    • Article
      Lock icon Pohl triumphs in PGA tour kickoff event
      173 12 AP DAN POHL scored a hole in one en route to a one-stroke victory on Monday in a Professional Golfers Association tour sea-son-opening shootout in Carlsbad, California. Pohl used a 5-iron for his ace on the 181-yard third hole at the La Costa
      AP  -  173 words
    • Article
      Lock icon UK Open to offer record prize money
      73 12 Reuter THE WORLD'S leading golfers will be competing for record prize money of £700,000 (U551,274,000) at the British Open Championship at Royal Lytham in July. The prize money has been increased by £50,000, said the Royal and Ancient Golf Club on Monday. The
      Reuter  -  73 words
    • Article, Illustration
      Lock icon Lakers push on in search of longest winning streak
      423 13 AP ONE OF AMERICAN SPORTS' more remarkable accomplishments is the 33-game winning streak the Los Angeles Lakers chalked up 16 years ago. Could it be the 1987-88 Lakers are on their way to surpassing such a feat? "I'm not counting," Magic
      AP  -  423 words
    • Article, Illustration
      Lock icon Pat Cash's father calls for official's resignation
      362 13 AP THE FATHER of Wimbledon champion Pat Cash hat called for the resignation of Australia's leading tennis official following a dispute over an anti-apartheid demonstration on the opening day of the Australian Open Tennis Tournament. An article in the Mel-bourne-based newspaper, The Sun,
      AP  -  362 words
    • Article, Illustration
      Lock icon Easy victories for Graf and Mandlikova
      550 13 AP WORLD NUMBER ONE Steffi Graf and defending champion Hana Mandlikova both scored quickfire victories yesterday to advance to the second round of the women's singles of the US$l.9 million Australian Open Tennis Championships in Melbourne. West German Graf recorded a 6-3, 6-1 centre-court
      AP  -  550 words
    • Article
      Lock icon Soviets confirm participation in Olympics
      151 13 AP THE Soviet Union has announced it will take part in the 1968 summer Olympics in Seoul, bringing the number of confirmed entries to 153. An International Olympic Committee spokeswoman in Lausanne said on Monday: "We consider this confirmation." Moscow's move did not come as
      AP  -  151 words
    • Article
      Lock icon Kankkunen to skip next Paris-Dakar rally
      437 13 Reuter DOUBLE WORLD RALLY champion Juha Kankkunen of Finland has said that the tragic catalogue of accidents in this year's ParisDakar rally has persuaded him not to compete next year. Kankkunen, currently second in this year's rally, said on Monday that he was saddened
      Reuter  -  437 words
    • Article
      Lock icon Is winning the Super Bowl a jinx?
      366 13 AP ON THE SURFACE, the National Football League (NFL) final four doesn't look very strange three of the teams left in the Super Bowl Derby were there last year. But beneath that lie two tidbits that show the effect of this season's 24-day
      AP  -  366 words
    • Article
      Lock icon Thomas Cup will not offer prize money
      136 13 Bernama BADMINTON Association of Malaysia (BAM) president Datuk Elyas Omar does not agree with a proposal by Danish player Morten Frost that the Thomas Cup Badminton Championships should offer prize money. "The tournament is a contest between nations and not individual players," he
      Bernama  -  136 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      934 12 •J! a sS 1 T Ki r f w MING COURT IK7IEL SINt.AHMU Ming Palace Steamboat Bring your family and friends and enjoy our steamboat buffet dinner laden with fresh prawns, succulent seafood, fresh vegetables, eggs and noodles. Cook up a steaming hot, mouthwatering meal... mmm then take a second
      934 words
    • Advertisement
      Page 12 Advertisements Column 2
      223 12 A $31 dealto&ynt ddictom value for hmch,btian style. You're in for an incredible deal with The Belvedere's Italian Buffet lunch 60 traditional delicacies for $31 (children, $15). It's an exchange which will get you deliciously confused! With tuna fish, prawns v r eronese, spaghetti alle vongole, torta Siciliana and strawberries
      223 words
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  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      500 13 So much to choose for only $18.50. A sumptuous spread with many different types of appetisers, hot and cold soups, a salad selection...superb pastries, truffles, fortes .cheese board, fresh fruit freshly brewed coffee All for $18.50 And for $26 50 you can add a roast or a choice of 6
      500 words
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      Page 13 Advertisements Column 2
      49 13 3¥l" AJR tickets for major «p arknes to China, Europe, Austraka, U.S-A and S.E. Asia... HOTEL acoommodatton wooo-woe TOUR programs to J £S£! S.E Asia, China, Europe... PACKAGES Conventions Conferences. I For attractive rates professional sendees please a caft 16-RaMes Quay, 81-36/37 Hong Leong BWg. ©*****77 TRAVEL TA 062
      49 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Plantation stocks lead market's rebound
      4279 14 THE DRAMATIC RISE in the price of palm oil, which breached the $1,200 mark, helped the plantation sector to outperform the rest of the market which rose in thin trading yesterday. The rebound in the local bourse and other major Asian markets yesterday was in
      4,279 words
    • Article
      Chief price changes
      263 14 SINGAPORE Rises Indices ion 11 tan 12 0 s 960 40 BTCempwft* 750.56 773JI S 1 A ♦SO >35 ■T Ot/OS >13 >113 MMTS HWa i» 590 >35 (T Cadi -6963 •6195 Carabot 50< 510 936 IT 10-doy MA -6972 -6961 Troaamorco 300 >25 IT OIV >*****72
      263 words
    • Article
      Business done on the SES
      3736 14 SECTION ONE MOUS TRIAL rfIMMTHfIAL Aoao (***** IS 150 01 I 19 191 120 161 119 111 1.21 17) 122 Aicom C 50 SJ Amal Stool 50* II 45 B 146 Si 113 143 (13 144 191 146 182) I 42 1681 141 Qll 140
      3,736 words
    • Article
      COMPANY MEETINGS
      48 14 CEREBOS PACIFIC Limited: 6th AGM at tha Winter Room, South Wing, Bth Floor, Mandarin Hotel, 333 Orchard Road. Singapore 0923 on Tuesday, Jan 19. at noon. BATU KAWAN Bertiad: 23rd AGM at Wisma Taiko, 1, Jalan S P Seenivasagam, Ipoh on Saturday, Jan 23, at 12.30pm.
      48 words
    • Article
      Unit trusts
      264 14 Managers' prices for Jan 13 Japon Gr Fund SK*nton Thrift Fund 143 07* 1 48 07* Singapore Unit Trust UOB Management U»«und 07*5 07*5* Th* Coaimrc* 0*1 0*7 On.bond 0*85 101* Th* Sovrngi Fund 07? 085 S'por* frog Fund S'por* Sac Fund 036 061 040 066 MARA-Bumiputra S
      264 words
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  • COMPANY NEWS
    • TAKING STOCK...
      • Article, Illustration
        Lock icon A great way to grow
        598 15 By HOCK LOCK SIEW THE IDEA of Singapore Airlines buying into foreign airlines or establishing a new airline, as raised recently by its director of corporate affairs at a public seminar, is an intriguing growth option. And a very plausible one at that. There is
        By HOCK LOCK SIEW  -  598 words
      • Article, Illustration
        Six reasons to pick F & N
        432 15 Six reasons to pick F N IN CASE you are having difficulty deciding which counter to put your money in, Smith New Court Far East has come up with six reasons why you should consider Fraser ft Neave as one of your core investments. If you already have Singapore Airlines
        432 words
    • Article
      Lock icon Tactical sales of holdings pay off for MBL in more ways than one
      612 15 NST THE OCTOBER market crash shocked many investors, but not Malayan Breweries Ltd which bailed out in good time. It made a surplus profit of more than SssB million on the sale of investments in FY1987. In
      NST  -  612 words
    • Article, Illustration
      DBS Land sets terms for purchase of Adelphi complex
      531 15  -  Developer will have to complete building By CORRINA LIM PROPERTY COMPANY DBS Land has placed several conditions to its proposed purchase of the office block of the Adelphi complex, one of which is that the developer has to complete the building.
      531 words
    • Article, Illustration
      Lock icon Kuok and Lee to step down from MPHB board
      426 15 NST MULTI-PURPOSE HOLDINGS Bhd has confirmed that its chairman, Robert Kuok, would be relinquishing his post and that his departure from the group "was just a matter of time". A company spokesman said likewise, former founder chairman Tan Sri Lee Loy
      NST  -  426 words
    • Article
      Lock icon MISC projects 1987 profits of M$245m
      501 15 Reuter NATIONAL CARRIER Malaysian International Shipping Corp (MISC) is assured of long-term profits despite depressed freight levels and surplus capacity in the world market. The company has forecast net 1987 profits of M 5245 million against M 5237.5 million in 1986. "Based on the
      Reuter  -  501 words
    • Article
      Four stocks in OCBC Index replaced
      231 15  -  By ROSIE TAN FOUR of the 55 stocks making up the OCBC Index have been substituted to make it more representative of the market. Malaysian industrial stocks New Straits Times Press (M) Bhd and Guinness Malaysia Bhd replaced two Singapore stocks. Straits Steamship Co
      231 words
    • Article
      Lock icon KL investors call for daily limits on price movements
      168 15 Bernama THE Malaysian Investors' Association (MIA) has called on the Kuala Lumpur Stock Exchange to place a daily limit on stock price movements to minimise wild fluctuations. In a statement yesterday. the MIA said a 10 to 15 per cent daily
      Bernama  -  168 words
    • COMPANY BRIEFS
      • Article
        Mun Loong trading postponed
        61 15 TRADING in Mun Loong Bhd shares will begin on Jan 20 instead of today. The Kuala Lumpur Stock Exchange said the postponement is because certificates issued in connection with the company's public issue of eight million shares have not been properly endorsed as regards to the
        61 words
      • Article
        From MCB to UTB
        60 15 UNIPHONE Telecommunications Bhd, formerly known as Malayan Cables Bhd (MCB), said its shares will be traded and quoted under the new name, UTB. from tomorrow. In a statement. UTB said certificates bearing the name Malayan Cables Bhd will still be valid after the change of name.
        60 words
    • Article
      Lock icon Taiwan passes Bill to open doors to foreign stockbrokers
      338 15 AFP TAIWAN'S Parliament passed a revised draft ot the country's securities laws yesterday, permitting foreign stockbroking firms to set up branch offices for the first time. A Securities and Exchange Commission official said foreign brokers would function as domestic brokers. initially
      AFP  -  338 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      69 15 AGRICULTURE EXPORT/MPORT (USA) CO. FRESH FRUIT VEGETABLES FOODSTUFFS Resident Buyer for Foreign Supermarkets I Produce Dealers Tetp (213) 627-9037 Fix: (213) 627-9561 Telex *****3 ISA After Mrs (213) 470-9924 608E 9th STREET. LA, U.SA, CA ***** fhe advertisement sales sections of Business Times, Berita Harian and Borneo Bulletin are now
      69 words
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  • REGIONAL MARKETS
    • Article, Illustration
      Lock icon Brokers call for limits to Wall St price falls
      599 16 Japanese suggest range of 20 per cent Reuter THE US should introduce price limits to prevent another stock price dive on Wall Street like the record 508-point plunge on October 19, Japanese brokers said. Many of the regulations proposed by a
      Reuter  -  599 words
    • Article
      Lock icon Honda sees rise in domestic sales
      216 16 Reuter DOMESTIC car sales of Honda Motor Co Ltd are likely to rise to 620,000 in 1988, up 13.3 per cent from last year, according to company president Tadashi Kume. He also told reporters in Tokyo on Monday that exports were likely to ease
      Reuter  -  216 words
    • Article
      Lock icon Tokio Marine chief to head JAL
      77 16 Reuter TOKIO Marine and Fire Insurance Co Ltd chairman Fumio Watanabe has been designated chairman of Japan Air Lines Co Ltd, filling a post which has been vacant since March 31, 1967, following the resignation of Junji Ito, a JAL spokesman said. Watanabe's appointment
      Reuter  -  77 words
    • Article
      Mild rally on KL stock market
      3304 16 THE KUALA Lumpur stock market staged a mild rally yesterday to end slightly higher in quiet trading with double-digit gains littered across the board. The 30-counter New Straits Times Industrial Ordinary Share Index gained 18.45 points to 1360.21. The Index plunged 53.62 points on
      3,304 words
    • Article
      Lock icon Sony to produce VHS video recorders
      302 16 Reuter SONY has conceded defeat in its marketing battle with the world's video consumers and has decided to produce VHS recorders, according to a senior company official in Tokyo. The Japanese giant's Betamax system opened the era of the home-use videocassette recorder (VCR) in
      Reuter  -  302 words
    • Article
      Prices close higher
      1413 16 Hongkong PRICES on the Hongkong market closed higher yesterday. buoyed by Wall Street's advance, but uncertainties ahead of an announcement on negative interest rates pushed stocks off their early highs, brokers said. The Hang Seng Index roee 41.61 points, or one per cent to 2.442.41 after a
      1,413 words
    • Article
      Seoul
      116 16 JAM is 200 1«x Kal ***** 800 Chan Sugar ***** Kangwon Ind ***** ***** 600 Daatim Irx) ***** ***** 600 Daewoo Corp Daawoo Haavy DataMn Sacurttiaa Oong Ah Pttar ***** ***** ***** ***** 800 800 1401 300 Koraa Long Tarm Lucky Ltd Otantal Brawary ***** ***** ***** 1000 590
      116 words
    • Article
      Lock icon Tokyo
      484 16 Reuter MOMENTUM on th« Tokyo stock market which yesterday propelled the morning market upward faded at midday, but an afternoon rally focusing on incentive-backed issues helped lift share prices back up. brokers said. However, apprehension ahead of the Jan 15 release of the US trade figures kept volume down.
      Reuter  -  484 words
    • Article
      Lock icon Sydney
      463 16 Reuter THE AUSTRALIAN share market rose strongly yesterday and closed near the day's highs, mainly due to solid demand for leading industrial stocks, brokers said. Most of the stocks that fell sharply in Monday's sell-off recovered some of their losses as investors moved in looking for bargains. However, trading
      Reuter  -  463 words
    • Article
      Lock icon Bangkok
      154 16 Reuter THE SECURITIES Exchange of Thailand Index rose 3.16 to 310.77 on a turnover of 6.053,007 shares worth6os.ll million baht. Reuter JAN 11 KAHT Ao Kham Thai m Ayudhya 11 lyiliiiii il 300 unch Bangkok Agro-lnd Bangkok Bank 90 307 5 -8 Bank Ayudhya Charoong Thai Wlra 316 12
      Reuter  -  154 words
    • Article
      Taipei
      249 16 JAM 12 NT I 2 76 *0 02 31 40 All Sincara Indus Kuochan Dav Laa Chang Yuan Cham Irtdua 37 80 35 70 1.1 86 00 ♦1 5 Lian Hwa Indua 33 90 Cathay Cona 71 50 2 Nan Ya Plaa 50 50 1 2 Chang Hwa Bank
      249 words
    • Article
      Manila
      91 16 JAM 12 PC SOS Marataai Oriantai B ***** unch AcO|« Mining Phil Ovarsaaa ***** -0 005 Anglo Phil Phiiai B 056 unch 0 0650 uncfi a iim Con B 36 ♦0 5 PLOT 163 -1 Baguio Gold 0 017 San Migual 3 130 unch Basic Patroiaum uncti Saat'ont 0
      91 words
  • Page 16 Advertisements
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  • WORLD MARKETS
    • Article
      Lock icon Dow rebounds in late rally
      1079 17 New York Reuter WALL STREET recouped a quarter of last Friday's 140-point loss on Monday as a late afternoon rally managed to lift most of the major indices. The Dow Jones Industrial Average closed 33.82 points higher at 1945.13 on a volume of 144 million
      Reuter  -  1,079 words
    • Article
      Lock icon Equities open firm
      958 17 London Reuter SHARE PRICES on the London market opened with a firmer bias yesterday after the 34-point recovery on Wall Street, but stock markets around the world remain highly nervous ahead of Friday's all important US trade figures, dealers said. Gains were limited to a few pence
      Reuter  -  958 words
    • Article
      Untitled
      1158 17 Selected indices HONGKONG Hongkong Index Tuesday 1,596 93 Monday 1,570.46 Week ogo 1.571 64 Hang Seng Index Tuesday 2.442.41 Monday 2.***** Week ago 2.***** All Industrial! Tuesday Monday Week ogo NEW YORK Dow Jones Monday Friday Week ogo 1.976.5 1.938 1 1.977 4 1,***** 1.***** 2.***** TOKYO Nikkei Average Tuesday
      1,158 words
    • Article
      Lock icon Citicorp retrench staff at unit
      69 17 Reuter CITICORP Investment Bank is making redundant 85 out of 2,200 staff in London in Eurosecurities and gilts and in its Citicorp Scrimgeour Vickers equities operations. Citicorp's total workforce in the UK is 4.500. the company said. It said in a statement it would continue
      Reuter  -  69 words
    • Article
      Lock icon Brady report may lead to greater regulation
      543 17 Reuter THE BRAOY report on the October stock market crash is expected to lead to more regulation of the securities trade, and some market players say changes can't come soon enough. "More regulation is inevitable but I don't know how long it will
      Reuter  -  543 words
    • Article
      Lock icon SEC investigating hostile takeover bid for Sterling Drug
      489 17 Reuter THE US SECURITIES and Exchange Commission is investigating the poesibility of insider trading in connection with F Hoffmann-La Roche and Co Ltd's hostile bid for Sterling Drug Inc, say government sources. The American Stock Exchange said it is also investigating suspicious
      Reuter  -  489 words
    • Article, Illustration
      Lock icon BP back on aggressive trail, say analysts
      734 17 Reuter BRITAIN'S biggest company, oil giant British Petroleum Co PLC, has bounced back from the world stock market crash to pursue an aggressive expansion. Oil analysts say it is a tribute to BP'S toughness that it quickly recovered from a flopped share issue
      Reuter  -  734 words
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      Page 17 Advertisements Column 1
      511 17 +,`~}"'>}$(:'=<]%!}`@}^|/{"+('` THE COMPANIES ACT, CAP. SO PAULI INVESTMENT HOLDINGS PTE LTD (In Liquidation) At a general meeting of PAULI INVESTMENT HOLDINGS PTE LTD duly convened and held on the 7th day of January, 1988 the following special resolution was passed SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant
      511 words
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      Page 17 Advertisements Column 2
      324 17 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER SO) AND YAMA MARINE PTE LTD (Incorporated in the Republic of Singapore) (In Liquidation) Members' Voluntary Winding-Up At an Extra-Ordinary General Meeting of Members of TAMA MARINE PTE LTD duly convened and held at 330 Clemenceau Avenue #07-334. Singapore 0822 on 12th
      324 words
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  • Article, Illustration
    Residents of an apartment block asked to evacuate
    636 18  -  By ANNA TEO RESIDENTS of a block of private apartments in Jalan Daud were yesterday served notice to evacuate their homes after the sev-en-year-old building was found to be structurally unsound. With the concrete strength in parts of Block 84, Cheng Hong
    636 words
  • Article
    Cheng Hong Mansion management body to seek QC advice
    445 18 THE MANAGEMENT corporation of Cheng Hong Mansion intends to seek Queen's Counsel advice on getting legal redress for structural defects in buildings. Preliminary lawyers' and engineers' fees the latter for studying and proposing repairs to Block 84, and to check if
    445 words
  • Article
    Lock icon Free trade mood should stay: US official
    238 18 AFP THE NEXT President of the US would continue to oppose trade protectionism no matter what he might say on the election trail, a senior US official said yesterday. "If he gets into office, any man or woman will recognise that protectionism is
    AFP  -  238 words
  • Article, Illustration
    Rubber magnate's last major asset withdrawn at auction
    564 18  -  Owner hopes to sell GRTH Building for about $6.5 m By LEE HAN SHIH THE LAST CHAPTER in the voluntary liquidation of the assets belonging to prominent rubber trader Ng Kwee Sim, brother of former Singapore Rubber Packers' Association chairman Ng Ouee
    564 words
  • Article
    Lock icon Japanese exporters raising prices in the US
    316 18 Reuter MAJOR Japanese exporters are raising their prices in the US to cope with the stronger yen. But their motive is more than a wish simply to preserve profit margins, industry analysts said. The Ministry of International Trade and Industry (Miti) is encouraging
    Reuter  -  316 words
  • Article
    Lock icon Lift banking secrecy' request to Switzerland
    241 18 Reuter THE US has asked Switzerland to lift banking secrecy to assist an investigation into suspected insider trading in Sterling Drug Inc STY shares, subject of a hostile takeover bid from a Swiss chemicals firm. Justice Ministry spokesman Joerg Kistler said the request by
    Reuter  -  241 words
  • Article
    Lock icon Comex gold and silver
    84 18 Reuter COMEX GOLD FUTURES were marked down on early selling yesterday, spurred by the continued slide in world crude oil, which is expected to spferk a lower opening in the NYMEX energy futures. February gold fell US$2.2O at U*****.40 an ounce which penetrated last Friday's low
    Reuter  -  84 words
  • Article
    Lock icon Philipine businessmen join peace call
    267 18 Reuter PHILIPPINE businessmen yesterday condemned as "madness" election violence in the country hours after gunmen shot dead a woman candidate in the 71st murder of the poll campaign. "We call for a stop to this senseless violence caused by the coming elections. The time has
    Reuter  -  267 words
  • Article
    Lock icon Tough for KL to achieve industrial goals
    383 18 Bernama ES THE MALAYSIAN government will face a formidable task in achieving the targets of the industrial masterplan (IMP) in view of the severe recession, rising unemployment and declining private investment. Vice-president of the Federation of Malaysian Manufacturers (FMM), Ghazali Datuk Yusof, said
    Bernama ES  -  383 words
  • LATE FILE
    • Article
      Lock icon Appeals by Sikhs adjourned
      49 18 AFP THE INDIAN Supreme Court yesterday adjourned hearings on appeals filed by three Sikhs sentenced to death for the 1964 assassination of Premier Indira Gandhi. The court listed for hearing on Jan 27 the appeals challenging the death sentences handed down by lower courts. AFP
      AFP  -  49 words
    • Article
      Lock icon N Korea to ignore Olympic deadline
      42 18 AFP NORTH KOREA announced yesterday that it will ignore the Jan 17 deadline for entry applications to the 1988 Seoul Olympics and will not participate unless South Korea meets its demand to cohost the Games. AFP
      AFP  -  42 words
    • Article
      Lock icon Good outlook for Korean exports
      62 18 AP SOUTH KOREA'* merchandise exports in the first quarter of this year are expected to reach US$l2.l billion, up 28.8 per cent from the same period last year, the Korea Foreign Trade Association said in Seoul yesterday. It also forecast that imports in January-March would
      AP  -  62 words
    • Article
      Lock icon S'pore-flag ship ablaze in Guff
      39 18 Reuter IRAQI WARPLANES has attacked and set ablaze a Sin-gapore-flag vessel in the central Gulf. The 74,010-dwt United Venture was burning fiercely and eight crewmen were missing, shipping sources said in Dubai yesterday. Reuter
      Reuter  -  39 words
    • Article
      Lock icon Hanoi on earlier pullout
      53 18 Reuter VIETNAM is willing to withdraw its troops from Cambodia earlier than Hanoi had previously indicated, whether or not talks between oppoeing Cambodian groups are resolved, Vietnamese sources said yesterday in Beijing. The offer followed the Chinese publication of Soviet leader Mikhail .Gorbachev's renewed call for
      Reuter  -  53 words
    • Article
      Lock icon Breakthrough for disputed novel
      64 18 UPI A CONTROVERSIAL novel by Soviet author Boris Paaternak, Doctor Zhivago. was publiihad in the Soviet Union on Monday 31 yean after Na appearance in the Weet The n. iKlinaKrm jJ |l ra t puDMcaiion of rn# nm •niirv section o4 the novel in a Journal
      UPI  -  64 words
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      Page 18 Advertisements Column 1
      29 18 LAND WANTED For: Office/Warehouse Building Requirements: About 100,000 s.f. land area Preferably at Toa Payoh, Alexandra or Pasir Panjang area Interested party, please contact: The Administration Manager Tel: 760-6534
      29 words
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      Page 18 Advertisements Column 2
      9 18 Philippine local polls proludo to 1992 •loctlons, Pago 4
      9 words
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      Page 18 Advertisements Column 3
      555 18 IniiaaHriatlw tm hn a til m 9Cv fig nosuis ttktovtr bid for Storting Drug, Pag* 17 :)[>[):)_@`*<~[+)*=;"%/\,"-@@{} Preparing Training Material Singapore, March 7-11,1988 Many training staff wish and need to create their own exercise training material for use either by themselves and or their own trainers. They are often inhibited
      555 words
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  • SHIPPING TIMES
    • Article
      Lock icon MISC ship towed to safe anchorage after blaze
      248 19 Oana-Bernama THE BUNGA KEMUNING abandoned off the Thai coast after a fire broke out on board, is being towed to safe anchorage as investigations are underway into the mishap. The 5,822-tonne container feeder vessel owned by the Malaysian International Shipping Corporation, sailing
      Oana-Bernama  -  248 words
    • Article
      Penang records higher growth rate due to an increase in exports
      285 19  -  By G DURAIRAJ INCREASED exports helped Penang Port to maintain a positive cargo growth rate in the first nine months of last year. According to statistics published by the Penang Port Commission, the port recorded a throughput of 5.9
      285 words
    • Article
      Lock icon Economic recovery boosts earnings for South Korean lines
      109 19 AP FREIGHT earnings by South Korean shipping companies increased sharply last year, thanks to a world economic recovery, South Korean government officials said. Officials at the Korea Maritime and Port Administration said 32 South Korean shipping companies earned a combined total of
      AP  -  109 words
    • Article
      Lock icon Orient expects to ship 100,000 tons of hay to Far East
      161 19 CargoNews Asia A LOS ANGELES-BASED company, Orient Hay Cubes Distributors, expects to ship over 100,000 tons of hay to the Far East this year. The firm is using specially designed compressing machines to squeeze normal hay bales down to
      CargoNews Asia  -  161 words
    • Article
      Defence experts reject Master Mariners plan
      184 19  -  From Kingsley Wood A SUGGESTION by the Company of Master Mariners of Australia that Australian merchant seamen should be given naval training and dwindling merchant fleet armed has been thrown out by defence experts. A report submitted to the government said the 12 ocean-going
      184 words
    • PORTSIDES
      • Article
        Ports expect reduction in light dues
        81 19 THE BRITISH ports and shipping industry is more confident that there will be a 10 per cent reduction in light dues later this year. Through its representative, the Lights Advisory Committee, the industry has asked for 10 per cent cut from the annual £55
        81 words
    • Article
      Lock icon Court bars lawsuit by Chaser against CIA for ship damages
      436 20 UPI THE SUPREME COURT in US let stand a Lower Court ruling on Monday that a shipping company may not sue the Central Intelligence Agency for damages to a cargo boat struck by a mine in Nicaraguan waters. The High
      UPI  -  436 words
    • Article
      Lock icon US will seek Canada's consent when sending ships through Northwest Passage
      329 20 Reuter THE UNITED STATES has pledged to seek Canada's consent when sending ships through the Northwest Passage but stopped short of recognising Canadian sovereignty over the disputed Arctic waters. The pledge came in an accord concluded by US Secretary
      Reuter  -  329 words
    • Article
      More tankers used as oil storage containers
      125 20 THE TONNAGE and number of tankers/combination carriers used aa floating oil storage containers rose In December to 12.61 million long dwt made up of 62 veaaela from 11.97 million (59) at end-November. The figures above were Isaued by London shlpbroker Howard Houlder. Tankers/combl-carriers
      125 words
    • Article
      INDEX TO ADVERTISERS
      954 20 AB Shpg V 5 ABC Container VIM 1 Accord Shpg VI 3 Ahrenkiel liner XI 3 Africa Ocean XH 2 Alltrons VH 3 AC Toepfer XI 5 Americon Tpt XII 4/5 Anro Service IV 2/3 Arrow lines IX 5 A won Ocean VI 1 Atlas line X
      954 words
    • Article
      LONDON FREIGHTS
      1489 20 HEAVY demand for vessels to lift North American grain exports maintained a firm dry cargo rate structure on the London shipping freights market om Monday. Numerous units found remunerative employment in the form of both single voyages and time-charter engagements. Rate strength was highlighted by Kawasaki's concession of
      1,489 words
    • Article
      Lock icon Two British terminals set to close with more than 500 jobs axed
      440 21 Lloyd's List A LOSS of more than 500 jobs has been announced at two of Britain's leading ports. Some 310 jobs will go with the closure of Liverpool Maritime Terminals and a further 250 at the West Africa
      Lloyd's List  -  440 words
    • Article
      Zim adds two more ships
      62 21 TWO MORE SHIPS have been added to Zim's service linking Israel. Mediterranean, North America and the Far East. The inclusion of the 2,400TEU Zim Pusan and Zim Livorno have allowed the company to offer sailings every nine days instead of 10 or 11 days. Until
      62 words
    • Article
      Lock icon WEEKLY FREIGHTS
      883 21 AFP THERE was a particularly firm start to 1988 on the freight market, and the Biffex index (Baltic International Freight Futures Exchange) soared above the 1,300-point mark for the first time in its threeyear history, to a record of 1,319.5 points. A marked upturn was observed in rates
      AFP  -  883 words
    • Article
      Lock icon Lady Neddy, stuck at Miami beach, draws huge crowds
      284 21 UPI LADY NEDOY seems to have a new home at Miami beach in Florida. The 120-foot freighter has been stuck since last week, drawing crowds of gawkers and tourists for whom it has become an attraction to compete with the city's
      UPI  -  284 words
    • Article
      Lock icon Snimos to be liquidated
      88 21 Seatrade Week SHINNIHON Module Plant service is likely to be liquidated at the end of March. Snimos, a heavy lift carrier founded in 1962 by Nippon Yusen Kaisha, Mitsui OSK and Sankyo, has never attained profitability. Hinode Kisen, a rival operator established in 1978, has managed
      Seatrade Week  -  88 words
    • Article
      SHIPPING LIST where your ships are due...and when
      8860 26 QSmBIDOBtB 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
      8,860 words
    • Article
      SHIPS IN PORT
      1293 27 AT CONVENTIONAL WHARVES SanEi-Morw Araodo Murm *r> a 1301/1800 *****600 1501/2300 t«dra Sakti 19 1301 £730 1401/2300 VMMI i Arrival Dapartur* t Sunotero SKangrilo J3 a *****800 1301/0700 1401/2300 1401/2300 KEPPEL WHARVES MARINA WHARVES Alborvni K2I alongside 1701/1300 1301/1200 Strom Pr<t» K24W It 0I«600 KG rJZd? M4A
      1,293 words
    • Article
      Who acts for whom...
      2025 28 A—B AB Shipping Boustead Shpg Agencies. ABC Containerize NV S'pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Lines Sealion Shpg (Sj. Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK). Alltrans Alltrans Express. American President Lines APL
      2,025 words
    • Article, Illustration
      Lock icon US judge orders Amoco to pay US$85m for oil spill damages
      590 30 NYT NEARLY A DECADE of international legal wrangling, a US Federal District judge has ordered the Amoco Corp to pay US$B5.2 million in damages for the 1978 oil spill of the Amoco Cadiz. The huge ship ran aground off
      NYT  -  590 words
  • Page 19 Advertisements
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      475 19 TIMES STP Distributors Tmits PubSnhmg Group '■V" 11 Y Irf 1 m 5 m m w Jardines 32 CALIFORNIA PN* KFST CANADA NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORLD ROUTING NORTH AMERICA ORIENTAL FRIENOSHIP •MOOW.ru BRIOGE ORIENTAL FORTUNE NEPTUNE JAM ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE GARNET SEVEN SEAS MIKE BROOKLYN
      475 words
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      Page 19 Advertisements Column 2
      120 19 mag THE SUPREME COURT in US let stand a Lower Court ruling on Monday that a shipping company may not sue the Central Intelligence Agency for damages to a cargo boat struck by a mine in Nicaraguan waters. Pag« II MORE THAN 500 jobs losses have been announced at two
      120 words
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      Page 19 Advertisements Column 3
      488 19 I\*i4,%hnl tn 4 TIMES STP Distributors Timet PuMm/aane Group ,gapo rE u£ J SIN siav MAERSK LINE FAST TRANSIT SINGAPORE/ LONG REACH IS DAYS To: Europe— UK Scandinavia Finland Ttw »<*■• Anna M Closing Time CY 13/1 2300 MRS CFS— 13/1 1300 MRS Tn« »eeii Anna M C'osrng Time CY
      488 words
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      Page 20 Advertisements Column 1
      491 20 o*2 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO MEDITERRANEAN MARSEILLES I BARCELONA I ALEXANDRIA! BEIRUT LATTAKIA ETA Relay at Marseilles FROM EUROPE/FOR FAR EAST PORTS tTTTT EE! VILLE DE VENUS All Dates Ports t Rotation Are Subject To
      491 words
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      Page 20 Advertisements Column 2
      22 20 Lines and services represented by /y Members of the Registry of Accredited L Shipping Agents. Singapore National 1 v Shipping Association. o
      22 words
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      Page 20 Advertisements Column 3
      361 20 CHARGEURS REUNIS SINGAPORf P NQLMPiF S 2??3?44 FAX Span ■ENDOZA UK SAN LUIS 202 SAN JUAN an •Subject to indue—iirt Optorg Shipping Pte. Ltd I Por! 36ft"*001'2'3 Pptaling Java TSf?s93' ~C 3 Ppnanq *****5 EL M A E VPPESA LiNf AS VAC 1 VAS APGFNTINAS i ARGFNTINE ATIONAL LINE' DM
      361 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      1006 21 The Straits Steamship Group r, Mansfield Container Shipping PteLtd STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok F&OCL||l p&o Containers Limited CONTAINERSHIP SERVICE TO UK/CONTINENT: CONTAINERSHIP SERVICES TO/FROM BANGKOK S'PME B'KOK PEGASUS PSOGS£SS VSI4N 19-20 Jan 22-S ian PEGASUS PtOCHESS VSISN 26-27 Jan 29 30 Jan BANGKOK BORNEO
      1,006 words
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      Page 21 Advertisements Column 2
      667 21 C SAV Ccr r.i" .i Sue 1 .1 SudArrt, r.cjrij c■ I jpcf sS A TO/FROM CMLE feeder vessel riroeijeoTHU vessel nk arka km autof valp sai (tok an) A VESSEL CAM CARRIER (TO* 290) M W 1M 2*3 12/2 W W U# 2*3 11/3 CARGO FOR PUNTA ARENAS. TALCAHUANO
      667 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      275 22 CONTAINERSHIP SERVICE TO UK/CONTINENT Hapag-Uoyd CONV/SEMI CONTAINJER SERVICE TO EUROPE CONV SEMI CONTAINER SERVICE TO MED EUPOPL CONTAINERSHIP SERVICE FROM UK CONTINENT H'burf B'tiavon Rdam LaHavrt S'ton IPK S port SM 17/1 I*l 22/1 24/1 SM an TYO KB wm SOUTHEAST ASIA PTE. LTD. INTERNATIONAL FREIGHT FORWARDERS CONSOLIDATION SERVICE WEEKLY
      275 words
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      Page 22 Advertisements Column 2
      769 22 ipi: hb FULLY CONTAINERISED SERVICE 1 HS.S.L,INE Iff t»+*UK CM'—* Tt—10 EUROPE VIA SUEZ Mfnibff ot the Ace Consortium I FROM ['JROPE VIA SUEZ J A Member ol the Ace Consortium tlillY CONTAIN! RISfD 10 (ROM NORTH AMIRICA WfSI COAST CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL HAISBON V.38 KUANTAN S'PORE
      769 words
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      Page 22 Advertisements Column 3
      232 22 FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO COLOMBO: SAILING 20/1 1/2 FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALQIER A ISTANBUL U.S.A. PAPUA NEW GUINFA PORT MORESBY, RABUAL, LAE KIETA, MADANG A KIMBE NOUMEA 5/2 SUVA/LAUTOKA 7/2 NEW ZEALAND
      232 words
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      Page 22 Advertisements Column 4
      1368 22 EVERGREEN Full CrrUrwr Smu Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SCP HKC KSC KLC PUS OSK TYO KSN EVER GOLDEN WWWH-..5 til! 21/1 m "ri an in a: m nn EVW GROWTH Sfl 2/2 1/3 5/2 1/2 jah 11/7 in EVER GRAND 3)7 7/2 1/7 U/J 14/2 KB tfff Ifl £2 EE
      1,368 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      543 23 PACIFIC INTERNATIONAL LINES W\ pil Building. 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 1 JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE SIN MY SMG SIN su> 14/1 is/i ion 17/1 21/1 a/1 2S/1 25/1 2t/1 30/1 2/2 i/2 4n in 1/2 SIN 14/1 17/1 20/1 24/1 VESSEL SEA DRAGON SEA
      543 words
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      Page 23 Advertisements Column 2
      246 23 "3 NORBUL. NORBULK CARGO SERVICES LTD REGULAR CONVBITIONAL SPORE MARATHON UNITED AGENCY PTE LTD TEL 222f>3bb Kl PK S P 1(0 SHPC TRDG Ml -i]S»44 PK 368*101 PENANG TANJONG MARINE SON BHD TEL SABAH TRANSPAC HK TEI «4M 2212U lot 't BREAKBULK SERVICE TO EUROPE/UK S pore P.Kelang Loading For
      246 words
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      Page 23 Advertisements Column 3
      692 23 n BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT Frankfurt Lww SmM U/l oub «iy mm &ty <* untarfh an an win/i HoK+oni Ciprna 40 V 2 Cii*fM by 120 M 0 Mmw fe'w ISO a/2 T«k» iiprni an an K—l*— MM ■mm 12/1 1M S'PO«€ P KLANC STOW HAH
      692 words
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      Page 23 Advertisements Column 4
      497 23 DJASAGETRI A Joint Europe Service Of: P.T. UMMTA LUTI P.T. SESIIN LLBTB rx mmhdm —at r.t. thkom uoyd EXPRESS SEMI CONTAINERSHIP SERVICES S rrTTJi] VSL/VOY OCEAN PUMA/MS (MM cMMjnn ANTWERP ■ILBAO A'DAa/ft'DAM N SURG/tREKN an an w W 1W I*l vn an Sublet to InducamanL Ateo tcctpMng cargo to Casablanca,
      497 words
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      Page 23 Advertisements Column 5
      287 23 BOUSTEAD SHIPPING AGENCIES HTONEYWA V23IW MYOMA YWA PAGAN VI23W PA-AH VI2OW MAWLAMYAING V/ 37 BURMA FIVE STAR (Burmese National Line) pore P.Kelang Penang Bangkok 11 iM a Jan 13/tt Jm BANK LINE SPORE ROAM HULL HMBG MORAYBANK V4N CLYDEBANK V22N FORTHBANK V2IN TAMA IT Al SAMOA VI2N (CALLING LEIXOES 22/3)
      287 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      1288 24 »"K LIFIE SHIPPinG DfiTPi ftTLfInTIC COAST (Round-The-World Service) 'PK/PNG STORE LB CHLS NFK ORIENTAL FRIENDSHIP V 6 SLD 14 Jan 6 Feb 16 Feb II Feb B. BRIDGE Vty AMBASSADOR 16 Jan 21 Jan 13 Feb 23 Feb 25 Feb BRIDGE Vl5 •VIA FEEDER PACIFIC SOUTH-WEST NYC HFX 20 Fab
      1,288 words
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      Page 24 Advertisements Column 2
      752 24 '/Ie INDIA EXPRESS CONTAINER SERVICE Accepting FCUFCL Contains* S O TRIPURA VDM LOTTE SCHEEL V 30 RAVIOAS V 3BH THEOOOR FONT AN E V 14HI SO A PRADESH V XH INDIAN COURIER V 21ft PRELUDE V.t-B THEOOOR FONTANE V 15ft S O NAfiALAND VJBN LOTTE SCHEEL V 32 PRELUDE V
      752 words
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      Page 24 Advertisements Column 3
      681 24 GOLDEN LINE GUAN GUMt SHPMN6 (PTE) LTD a. Tatok Amt Straat SINGAPORE €104 TEL STRAITS/PERSIAN GULF SERVICE: OOLMN HARVEST Cotombo/Karaefc/Duba< GOLDEN HAVEN Cotombo/KaradM/Oubat CHINA SERVICE A VESSEL Slunctei/HsinkMi BAI YUN SHAN Shanehai/Msmkar* M3M (10 LINES) Fu: ***** S'pore P Kaianj Penanf 24/25 Jan mo fit 20(22 Jan 30/31 Jan CHINA
      681 words
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      Page 24 Advertisements Column 4
      435 24 ye llJllf.J'.lJllli-111.1-:,; 1 t 1 PHILI Oni€NT LIN€S PT€ LTD "CAD OFFICE 63 ROBiNSON ROAD '0? AFRO AS A BUILDING S SCArCPC O'C6 TUH RS ?B7?0 PHIL I FA» ??SS6'6 DOHA. MUSCAT. BAHRAIN ■wipn JEDOAH. HOOBOAN. AOABA N KONG KOK. KEELUNG. COLOMM, KARACHI. MMMAY EAST AFRICA/MEDITERRANEAN i i BEIAA TAMATAVE.
      435 words
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      Page 25 Advertisements Column 1
      898 25 NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE. LTD FE tU/AUST TPA/SEA Ttrmiiul CFS BOOKINGS. *****43 *****42 *****22 *****53 27*115 27*116 27*111 *****41 NEPLINE SDN. BHD. 36MN7 INWAND/OOTWAPO NEPLINE SDN. BHD 2t1«33 ENQUIRIES 2717M4 NEPLINE SDN BHD l2aßVt27ttO«27ttl«27tt2 NEPLINE SDN BHD. 238M«23M4l TO EUROPE/UK (VIA SUEZ): I C CONTAINER 43W (15/1)
      898 words
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      Page 25 Advertisements Column 2
      418 25 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 Vessels Name ETD BS IKK SPO*E PKELANC BUSAN MO JI No I OonmlTUM 271U 07/01 In Port 14-17/01 Z7-3CVOI 07)02 No 7 Donam/711N 30/12 11/01 16-IMH 1»-21/01 30-02/02
      418 words
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      Page 25 Advertisements Column 3
      583 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. CLAAC PENANG i/s HANDLING SYSTEM CO SON (NO MESSRS MAI TNONC SNIPPING 127 PmMStrwt. Pmnt Mateytu
      583 words
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      Page 25 Advertisements Column 4
      17 25 r Qi *5 H ft 4 MADJU SENDIRIAN BERHAD 20-12 Tong Fnq Building Singapore 0106 Tel 22^6781
      17 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      361 26 SINGAPORE SHIPPING ■"3BT CORPORATION (PTE.) LTD. TEL 225 6868 (30 Lines- FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD V£B DEUTF RACHT/SEEREEOEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE "VIA COLOMBO: Accepting cargo for INDIA Bombay, Cochin, Madras Calcutta "VIA LARNACA: Accepting cargo for Lattakia, Piraeus,
      361 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      184 26 I w <* n Regional Weather 'A U WA WA K m X i 2 T< ft •i. S3 J b. 6MT^LL*K s SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed m knots Wave height LEGEND: R Thunderstorm Temperature c A\ Weather -V Wind
      184 words
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      Page 27 Advertisements Column 1
      961 27 Ec IZUMI LINE EGULAR EXPRESS CONVENTIONAL SERVICE TO CALCUTTA VSL BIT Sport Loading Far WAKAYU 63A 1982 15TH-17TH JAN 88 CALCUTTA G. AGENT: TAIKA SHIPPING i ENTERPRISES PTE LTD TLX ***** TAIKA TEL *****78 BOOKING AGENT: RICK MARINE ASSOCIATES PTE LTD TLX ***** RMA TEL *****86 agents ANTARNUSA CONTAINER LINE
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      268 27 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. c n an I IJ mil Bjjjf j —xJj a ni— Algerian National Line S PORE LOADING FOR M.V. BISKRA aoa JAPAN M.V. BIBAN 16/2 JEDDAH, ALGER ORAN, ANNABA ALL VESSELS ACCEPTING FCL CONTAINERS FOR JAPANESE PORTS Heavy Lift 100 tons available On Inducement
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      617 28 FINK-LINER SMIPIMNG PTE LTD Shenton Why M 0?C Nhriru Mouse /0 Shenton Wiy (M 0?C Minn* TFI 17b9077 (Mines) TIX RS ??M1 FIINFR fA< ."V^svkuhopk service 23H £2223 dZZ9 EE3EI3 PjTTT: w wt an m an an FAR EAST SERVICE MIDDLE EAST GULF SERVICE WEEKLY HKG/CHINA SERVICES TATSUMI MARINE CO.
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      425 28 Z I M FULL CONTAINER SERVICE accepting FCL/LCL cargoes to USA East West Coast, Carribbean.East Canada, HAITI. Costa Rica, El Salvador, Guatemala. Honduras. Venezuela, Peru. Ecuador, Colombia via Miami, Trinidad, Barbados, Antigua, St. Lucia, Montserrat, Guayana via Kingston. iITTTMBTTMTiMTMTa ZIM MELBOURNE M B» SBANJ ZIM EILAT accepting cargo to aoclaik
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      621 28 Everett Linesl COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Penanf P. Ketanf* inppori HANOIOEVERETT 24/25 Jan JOHNEVERETT %P Fab MURRAYEVERETT 1(/18 Fab V y "EVERETT ORIENT LINE"
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      326 29 ahrenkiel liner service CONTAINER 4 LCL SERVICE TO PORT LOUIS DURBAN WESTBOUND 'EASTBOUND Tel: ***** M Talcs: KIMTRA R*****7 Fax: *****17 LUCKY SEAWAY SERVICES PTE LTD Tel *****55 Tl, Z6061 fa. *****77 HK Tei 088 786 57 732 Hi ***** S.E.ASIA/CHINA SERVICES SGP PKLANG PNG FOR TBN 20/1 26/1 HUANGPU.
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      611 29 THE NATIONAL SHIPPING REGULAR RO-RO SERVICE TO MIDDLE EAST Y OF SAUDI ARABIA Accepting Breakbulk, Ro/Ro. Containers 4 FCL Containers for Sharjah, Doha and Riyadh. Also Accepting FCL Containers for Charleston. Miami. Tampa and US Inland Points FCL only acceptable feeder ing via Baltimore Agents SHB Singapore: Malaysia: SEGANI SON
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      421 29 PERCH OCEAN LINES. (Perfe* China Ocean Shipping Lineor Destinations: SHANTOU, GUANGZHOU HUANGPU, XIAMEN HAIKOU, ZHANJIANG XINGANG, QINGDAO SHANGHAI i OTHER PORTS Etd. S PORE Etd. PKLG weekly!SAILINGS SINGAPORE AGENTS: PKELANG/KLUHPUR MBit ramd iiwm fti ltd fokthami TEL 222 4177 TLX: 22* TEL *****55/ 7357*7 CONSOLIDATION SERVICE FROM: SI NGAPORE/P.KELAN6 PORT
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      362 30 iff Hai Sun Hup Co (Pte) Ltd jj TEL *****06 (20 Lines) TLX RS ***** RS ***** I I \S I I R\ \R I K. I) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS For Discharging Only NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN CHINESE PORTS, SUBJECT
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      Page 30 Advertisements Column 2
      433 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/HEXICO AND FRENCH WEST INDIES COMPANION EX Pit ESS ATLANTIC CON VETO* NUERNBERG ATL. For: vsl Sport LtH»«r« Connecting vsl Halifax, Montreal, NINON V«I 11/1 4/2 COMPANION EXPRESS NEO DEJIMA VSOI 2S/1 11/2 ATLANTIC CONVEYOR I 0 Balmitore, 8 suria
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      Page 30 Advertisements Column 3
      246 30 KEn-Marrtars LCL WEEKLY SERVICE TO: KEELUNG 20/1 BANGKOK 10/1 HONGKONG 17/1 FREMANTLE 18/1 HAM/BREM 17/1 ROTTERDAM 17/1 TILBURY 17/1" SYD/MELB 22/1 ADELAIDE 18/1 (transit time 12 days) WEEKLY CONSOL SERVICE FROM GERMANY ETD GERMANY ETA S PORE CON-CARRIER 53/87 29/12 18/1 CON-CARRIER 54/87 5/1 25/1 LCL SERVICE TO CARRIBEAN PORTS
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      Page 30 Advertisements Column 4
      902 30 BSB CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/36*7111 '04-*****2/4, *****3 •07-*****8 •07-*****3, *****5, *****0, *****1 •02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER I. BUTANG 407 1D22E31 MTHR VSL H DEIfT I BUTANC <13 an tl su»IA OTHER DESTINATIONS AARMUS, AMSTERDAM.
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