The Business Times, 8 February 1988

Total Pages: 32
1 32 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 MONDAY, FEBRUARY 8, 1988 75 CENTS
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  • 686 1  -  HDB projects to account for major slice, survey shows By LEE HAN SHIH Property Correspondent GOVERNMENT AGENCIES are still the biggest developers in Singapore, but the hands holding the purse strings are changing. A recent survey has shown that 70 per cent of
    686 words
  • 317 1 FINANCE MINISTER Richard Hu emphasised yesterday that Singapore would not revalue its dollar in return for special trade concessions. Singapore had never believed in using currency to defend her trade policies, he said. If changes were needed, they would have to be made
    317 words
  • 36 1 Reuter AT LEAST four Palestinians died yesterday as renewed an-ti-Israeli rioting flared in the occupied West Bank and Gaza Strip, bringing the death toll to 48 Arabs killed since Dec 9, 1987. Reuter
    Reuter  -  36 words
  • 548 1  -  By ANNA TEO JAPAN has emerged as a major market for Singapore food and beverage companies, particularly the Japanese companies here which have begun exporting more back home. Food and beverage exports to Japan amounted to nearly $97 million in
    548 words
  • 115 1 Bernama PRIME MINISTER Datuk Seri Dr Mahathir Mohamad is expected to announce in a few days' time steps to be taken to resolve the problems arising from the High Court ruling that Umno is an unlawful society. Disclosing this yesterday, Youth and Sports Minister Datuk
    Bernama  -  115 words
  • 362 1  -  -By WILLIAM CHIA THE NEWLY-ACQUIRED bourgeois tastes of some of China's proletariat have doubled the sales of a local company dealing in reconditioned luxury cars. Thermotron Engineering Far East Re Ltd's managing director, Mr Wong Chan Shin, said last week that
    362 words
  • 354 1  -  By WILLIAM CHIA FOUR LOCAL COMPANIES have formed the first food consortium with Trade Development Board (TDB) assistance to promote sales in Japan. They are Khong Quan Biscuit Factory (Singapore) Re Ltd. Woh Hup Noodle House Pte Ltd, Effort Holdings Pte Ltd and
    354 words
  • Page 1 Advertisements
    • 286 1 Need a car or truck loan? CAII FO 737-7977 VN&yfcong Mortgage AixJ Finance (S) Lid A wholly-owned subsidiary ol I longkongßunk 6 Claymore Hill #(13-01. Claymore Plaza Singapore UV22 MANAGEMENT THE PUBLIC RELATIONS practitioner should learn how to make effective use of the legal requirements imposed on publicly-listed companies by
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    • 275 1 MARKET REVIEWS MONEY EXCHANGES COMMOOmES AIRCRAFT SCHEDULE CROSSWORDS TV ft RADIO BRISTOW DOONESBURY THE GAP BETWEEN the amounts of construction business the US and Japan get from each other has become a thorny issue in USJapanese economic relations. ASIA-PACIFIC, Page 4 AGREEMENT is expected soon on a big new infusion
      275 words
    • 153 1 MIKIMOTO Hh.' >t i >f uliurcd IV.uk smkc nn IS M T. I OO 1 angim Rd S por« 1 024 )N«it to Tangi n Shopping Ctr Tel *****43 *****53 Shipping TiliiM eoinM m a itparitt taction today. Maka aura you gat your copy. Because ofTakakofe dedication, no other airline
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  • MANAGEMENT
    • 1197 2  -  By TONG SUIT CHEE THE PUBLIC RELATIONS practitioner should learn how to make effective use of the legal requirements imposed on pub-licly-listed companies by the Stock Exchange of Singapore. This was pointed out by Wang Look Fung, group public affairs manager
      1,197 words
    • 457 2 FT "I'M SOMETHING between a cleaner and a shoulder to cry on." The complaint might have come from the overworked and under-appreci-ated secretary to the chief executive. Instead, it comes from the chief executive himself, the head of a firm of consultants. His gripe will be appreciated
      FT  -  457 words
    • 617 3  -  By BOEY KIT YIN SHE HAS BEEN variously described as a typical executive lady, a vivacious and ambitious career-minded woman, the proud owner of one of Singapore s leading travel agencies. But Mrs Gek Wee, 54 this >par, is also a
      617 words
    • 952 3 NYT AFTER YEARS of fascination with Japanese management, some American executives are confronting it from a new perspective as employees of the Japanese enterprises that are multiplying in the US. The role of an American manager employed by Japanese on US soil is complex and
      NYT  -  952 words
    • 1819 3  -  It's people first with the Singaporean managing director of a major American chip-making company. This philosophy, plus lots of hard work, mark Ronald Ho's 20-year trek up to the top. CHUANG PECK MING interviewed him before he was promoted to the post of regional director
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  • Page 2 Advertisements
    • 145 2 Bangkok with Thai Momingr^gg r.\ i* v 3 w 2 >c -C s*~ ■S 0 s/> rV^ *«s V _*v r Noonrg^ 4 i .Jf ,-K* •> *1 3 KS m .k-Wr 1% $8 trail T:f k Vt rM.. ■mL-: M* > #>,-, f; US Night fjpg ft* r* *r>'
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    • 58 2 KINTA'MANI -INDONESIAN RESTAURANTExotic. Special. Simply delicious! Just the sight makes your mouth water. And the tender fish...so expertly grilled over charcoal, it'll keep you asking for more! Try it today! Level 3 Opening Hours: 12 noon 3.00pm 6.00pm 10.30pm Ample free parking APOLLO HOT€L SINGAPORE 405 HAVEIOCK KOAO. SINGAPORE 0316
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  • Page 3 Advertisements
    • 109 3 I I I > All patrons will be entitled to entry to The Warehouse disco at no cow charge on the same day. Weekdays $8 (1 drink), Weekends $16(1 drink). Rou Gu Cha at only $6.50* If Steamboat is not your cup of tea, we have another terrific offer for
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    • 49 3 Melwani, exclusively male. TVow Open at /nternational building (Next fo Lido Theatre) 360 Orchard Road 01-18 V 1 •> hj *02-55 56/50 Wisma Atria. Tel: *****25 *02-14/15. Shaw Centre. Tel: *****42 *02-23. Plaza Singapura. Tel: *****29 2nd level, Metro Grand Scott* Tel: *****63 Ist level. Metro Marina Sauare Tel: *****75
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  • ASIA – PACIFIC
    • 493 4 Call for cooperation to resolve problem AP JAPANESE builders are winning American contracts after cultivating the market for a generation, while US contractors have just started showing interest in Japanese projects, the head of Japan's largest construction organisation said. Hajime Sako, chairman of
      AP  -  493 words
    • 154 4 Reuter US COMMERCE Secretary William Verity has urged newly industrialising Asian nations to revalue their currencies at more "realistic" levels relative to the US dollar. In remarks prepared for delivery to a National Association of Manufacturers meeting in Florida, Mr Verity said the Asian
      Reuter  -  154 words
    • 250 4 Reuter AUSTRALIAN Prime Minister Bob Hawke said yesterday that his Labor Party government had got the message after its defeat in a by-election marked by scandal. "The people had an opportunity to give a message to the government, and
      Reuter  -  250 words
    • 349 4 Reuter TAIWAN'S trade surplus shrank in January because of growing imports from the United States. A senior government official described the decline as a good omen in Taipei on Saturday. "This is a good start, which will hopefully help reduce our trade surplus with Washington
      Reuter  -  349 words
    • 167 4 Bernama MALAYSIA is negotiating a bilateral copyright agreement with the US. the director of the Enforcement Division of the Trade and Industry Ministry, Mr Abdul Jabbar Kamin, said on Saturday. Details of the agreement would be released by the ministry soon, he said at
      Bernama  -  167 words
    • 403 4 AFP EGYPTIAN President Hosni Mubarak returned to Cairo on Saturday from Ankara after a 13-day tour of the United States, Europe and North Africa that proved disappointing for his peace efforts. Mr Mubarak's trip began with promise, coming close on the heels of a tour
      AFP  -  403 words
    • 266 4 AFP JAPAN is reluctant to throw its industrial weight behind the modernisation of the Soviet economy despite persistent appeals from Moscow, Japanese businessmen say. Japan does not want to be a privileged economic partner on the Soviet Union's eastern flank, like
      AFP  -  266 words
    • 298 4 AFP INDONESIA and the Soviet Union agree on the need for a political solution in Cambodia "within a reasonably short time", but are tar apart in their views on the country's conflict, according to Jakarta's Foreign Minister Mochtar Kusumaatmadja. Speaking on Saturday at a Moscow
      AFP  -  298 words
    • 873 4 ARRIVALS Operator Sorvk* number Local Hm« From SIA SQ45 0750 MRU su SQ411 0750 BOM MAS MM681 0820 KUL SU SQ43 0620 DHA SU SQ27 0850 CPH/HtA MAS MH811 0910 PEN MAS MH671 0920 KUL SU SQ103 0950 KUL CPA CX710 1015 COK HA 1)421 1100 BNW
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  • Page 4 Advertisements
    • 214 4 I i V _i i f.' f.' 7 If' V Sell to the Asia/Pacific's electronics manufacturing industry atone venue! The rising demand for more advanced OEM products in the Asia/Pacific has created a billion dollar market for upgraded equipment and systems used in semiconductor and microelectronic design, production, packaging and
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    • 60 4 rI If Jf \j\ TT llf The business person's choice, every I I II I II I Tuesday. Thursday. Saturday ond I 1 II \l I 1 I Sunday. Leaving Chongi Airport at J. J. 22:05 hours and arriving at Lester B. Pearson International Airport the following day Call your
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  • REST OF THE WORLD
    • 439 5 Reuter REPUBLICAN Robert Dole and Democrat Richard Gephardt headed into today s US presidential voting at the top of the pack, according to a closely watched poll. The Des Moines Register newspaper said on Saturday the survey showed Senate Republican leader Dole ahead
      Reuter  -  439 words
    • 196 5 Reuter EVERY WORD President Reagan may wish he never said can be found on a new calendar that keeps track of how many days he has left in office. The "Ronald Reagan countdown calendar", a satire that has sold some 13,000 copies, is the
      Reuter  -  196 words
    • 243 5 Reuter THE NUMBER of West Germans out of work rose sharply last month, but economists said the increase was below expectations, partly because of unseasonally mild weather. In Nuremberg, the Federal Labour Office said last week the jobless total in January rose to
      Reuter  -  243 words
    • 644 5 Reuter WEST GERMAN companies are notoriously powerful exporters and world leaders in many sectors. But industrialists say they could perform even better if they had more support from the government. Increasingly they are pointing the finger at Bonn, accusing the centre-right administration
      Reuter  -  644 words
    • 270 5 UPI A NEW National Research Council report, "Survey of Earned Doctorates", this week documents a widening doctoral degree drain from US universities to citizens of foreign countries. It showed only 40.8 per cent of engineering PhDs awarded by American schools in 1986
      UPI  -  270 words
    • 198 5 Reuter ARGENTINA, Brazil and Uruguay moved closer towards forming a common market in the southern cone of South America, the three countries' presidents said. Presidents Raul Alfonsin of Argentina, Jose Sarney of Brazil and Julio Sanguinetti of Uruguay said in a communique yesterday
      Reuter  -  198 words
    • 499 5 P AGREEMENT is expected soon on a big new infusion of capital that will allow the World Bank to increase its lending to US$2O billion a year for more than 100 poor countries, officials said on Friday. They calculated that the US
      P  -  499 words
    • 294 5 AP MEXICO has made great strides in recent years to open up its economy to more foreign goods, but it is not yet ready to join a free-trade zone with the US and Canada. President Miguel de la Madrid has
      AP  -  294 words
    • 73 5 Reuter THE SWISS ate an average 10.9 kg of chocolates each last year, helping to push national production up 6 per cent to 69.052 tonnes, producers said last week. Chocosuisse. the Swiss chocolate-makers federation. said almost 28.000 tonnes of this was exported. a 17 per cent increase
      Reuter  -  73 words
  • Page 5 Advertisements
    • 132 5 Nasi Padang and Rijsttafel Buffet At Only $12.50++ t >j 9v' y v >■• V'ti r «> -< i .A «;»■•> «s ss, *> f >*a. P i-K. "V--'' Treat yourself to a simply delightful and mouth-watering spread of Nasi Padang Rijsttafel buffet lunch at the Cafe Fontainebleau Winner of
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  • Page 5 Miscellaneous
    • 112 5 B v// t _y///> Moscow Nassau New 0»th; New York Nicosia Oslo Paris Perth Rio 'Janeiro Rom* San Fris'co San Juan Santiago Sao Paolo Seool Stockholm Sydney Taipei Tel Aviv Tokyo Toronto Voncouver Vienna Warsaw Washington Doonesbury SIR! HOtJUOULP SON, MY PRCh YOUP&CRIde GRAM IS ALL YOUR-PROGRAM? STICK AW HO
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  • COMMODITIES
    • 1334 6 AFP THE LONDON commodity markets came to life again last week after a fairly quiet trading period at the end of January. Rumours last Wednesday of a nuclear accident in the Soviet Union, which were later denied, had diverse effects on the
      AFP  -  1,334 words
    • 106 6 Reuter AN EMERGENCY MEETING of cocoa-trading countries is certain to be called at the end of this month after a relentless fall in cocoa prices over recent weeks. Delegates to the International Cocoa Organisation said last Friday the cocoa organisation's failure to halt falling prices by
      Reuter  -  106 words
    • 335 6 Reuter THAILAND and Australia are expected to join the 1987 International Sugar Agreement (ISA) at a Feb 10 meeting, International Sugar Organisation (ISO) Executive Director Alfredo Ricart said last week. He told Reuter in Tokyo after visiting Thailand, the Philippines and Australia
      Reuter  -  335 words
    • 542 6 Bernama ES TOTAL WORLD rubber usage this year is expected to increase by a little more than 2 per cent to 14.2 million tonnes. Statistics from the International Rubber Study Group quoted in the fourth quarter Malaysian Rubber Review published
      Bernama ES  -  542 words
    • 154 6 Bernama THE MALAYSIAN Palm Oil Promotion Fund, aimed at combating negative campaigns and legislations against the commodity, and to help stabilise prices, is expected to be launched in the middle of the year. Disclosing this, Primary Industries Minister Datuk Dr Lim Keng
      Bernama  -  154 words
    • 288 6 THE MALAYSIAN crude palm oil (CPO) market closed lower last week on short-selling and buyers'reserve. February's local delivery average price eased MJ121.00 over the week to close at M 51,039.00 a tonne on Friday from M 51,160.00 atonne a week earlier. Market sentiment continued to be affected by
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    • 303 6 London Apr/May 565s!r (565pd) Commodity May/Jun 570slr (575pd) Exchange M'sian palm ken Of Rotterdam tel oil 5%pc Buyer/Seller closing prices on Feb/Mar Mar/Apr 535slr (530pd) 545sir (540slr) Fob 5 It/ton ne unless specified). Apr/May 550slr (547.5slr) Previous dosing prices in May/Jun 555$lr (555slr) porenthesis. Coffee London Metal Basis
      303 words
    • 168 6 Chinese Produce Exchange Gambier FOB NSW 180.00 SoKeo' noon doting p Fob 6 (SI/100 kg) Coconut oil rk*i on FAMA Oodng prion an Fob 6 Coconut oil (ms/iookg) Now drum 160.00 2nd hand drvms 154.00 W 145.00 local In' bvft 142.00 Copra uy/iookg) No 1 (ovtalo) 87.00 No
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    • 160 6 THE KUALA LUMPUR tin market dropped 10 Malayslan cents last week on selling pressure to cloee at M 517.15 a kg last Friday. There were persistent pre-Chinese New Year sales by most miners, especially towards the end of the week. Trading was generally moderate with a total turnover ol
      160 words
    • 193 6 WHEAT FUTURES in Chicago last Friday closed mostly higher but well off session highs with prices up to two US cents except March, which closed 2.0 cents lower at USs3.32*. The market set new contract highs early but broke to session lows as commercial selling weighed on the market.
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    • 245 6 SPECULATIVE short-cover-ing at the end of last week helped the Malaysian rubber market to close marginally steadier with new month March International One RSS quoted halt a Malaysian cent higher at 279.50 cents a kg last Friday. Dealers said trading was generally dull and featureless during
      245 words
    • 190 6 SOYBEAN FUTURES in Chicago last Friday corrected Thursday's strong rally to close 2% to US cent lower, but late short-covering kept prices in a technically constructive range. March closed 2V4 cents lower at US$6 08% a bushel. off its high of US$6.l4 but above support at US$6.O6 Prices opened
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  • Page 6 Advertisements
    • 168 6 y A?' When you're fishing "g for that delectaoe Hongkong-style S Cantnnpse if W Cantonese fare Fook Yuen f Seafood Restaurant is it. Exotic and authentic Hongkong-style Cantonese seafood and gourmet dishes materialize out of an epicurean menu. A connoisseurs treat by gourmet chefs. In surrounds eclectic enough to make
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  • Page 7 Advertisements
    • 135 7 Sc "7 *».V r 1i T •'v. t; MS MARTELL m ?«3 Bfc*C&» OIrAX? t «4:^ tj£9 K£ J w I 52 r i a C 4 4 L "J fc CTJfc*' I at SS i* >« ,v a? 3S a -r i 0 I 25 r A SU .•ViS
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  • MONEY AND EXCHANGES
    • 379 8 Reuter THE ITALIAN CABINET has approved a draft law to introduce a "new lira'' worth 1,000 times the existing currency, officials said. The draft law has to be debated and approved by both houses of the Italian Parliament before coming into effect.
      Reuter  -  379 words
    • 197 8 Reuter THE WEST GERMAN government rejects proposed changes to the country's Bundesbank Law, Finance Ministry State Secretary Friedrich Voss told the Upper House of Parliament. However the Bundesrat, which represents the regional West German states, decided to put the proposals to change the Bundesbank
      Reuter  -  197 words
    • 366 8 Reuter TAIWAN PLANS to buy more yen, marks and other major currencies to reduce the US dollar component of its huge foreign exchange reserves and minimise exchange rate losses, central bank governor Chang Chi-cheng told Parliament last week. The reserves
      Reuter  -  366 words
    • 205 8 Reuter SOUTH KOREAN companies with bank loans of 20 billion won or more will have to repay between five and 10 per cent of them by issuing shares or convertible bonds, the Finance Ministry said. Ministry officials said a group of 186 companies
      Reuter  -  205 words
    • 491 8 Indicates the average of the prime lending rates of 12 major banks in S'pore Plf? of banks at the close of business on Friday, Feb 5, as supplied by the Association of Banks in Singapore. BANK PLR 1 Algemene Bank 6% Allied Irish Bank PLC 6 American
      491 words
    • 1598 8 Union Bank at Switzerland AFP ZURICH: The dance around the "golden calf" of US Treasury refinancing auctions characterised events on the foreign exchange and precious metals markets last week Amid a rhetorical background on the part of the US. the way was paved for a self-supporting dollar underpinned
      Union Bank at Switzerland; AFP  -  1,598 words
    • 253 8 Asian market ASIAN CURRENCY average deposit rates for 1 (he week ended Feb 5 BIO PRICES High Low US t 7 dayi 6 13/16 6 11/16 1 mm ill i 6 13/16 6 11/16 2 months 6 13/16 6 3/4 3 months 6 13/16 6 3/4 6 monlhs 6 13/16
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    • 402 8 Green and Collier GOLD BULLION lost more of its lustre last week as prices plummeted to the lowest level since last May. At New York's Commodity Exchange, spot gold last traded on Friday at U*****.50 an ounce, a dive of about $14 over the
      Green and Collier  -  402 words
    • 89 8 Silver futures on Feb 5 5 000 troy ounces; US cents per troy ounce Open High Low SMIt F*b 629.50 -10.30 Mar 6-42 00 643 00 628 00 632.50 -10.50 A** 636.20 -10.60 May 651.50 651.50 637 00 640.60 -10.80 M 659.00 659.00 645.00 648.40 -10.80 S*P 662.00
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    • 267 8 NDC Merchant Bank Ltd DULL AND LETHARGIC trading prevailed in the Singapore Government Securities market last week The cut in US prime rates and bullish sentiments in the US long bonds helped to push bond prices higher initially but continued uncertainty over the
      NDC Merchant Bank Ltd  -  267 words
  • Page 8 Advertisements
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  • BANKING AND FINANCE
    • 811 9  -  by PAUL FRANKLAND AS THAT SIGN over the Hill Street Fire Station so rightly says. "Fire Hurts". But not everyone can see in advance just how much it can hurt, or exactly how and where. Most prudent businessmen have wisely taken the precaution
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    • 307 9 FT STANDARD CHARTERED, the London-based international bank, is planning to rationalise its UK branch network and corporate lending business in an effort to cut costs and increase efficiency. The changes, announced to senior staff last Friday, will result in the closure of six
      FT  -  307 words
    • 256 9 Reuter SWEDEN'S bank inspectorate has criticised the country's fourth and fifth largest commercial banks, Gotabanken and Nordbanken AB, for breaking rules governing trading in options and futures. Both Gotabanken and Nordbanken have broken the agreed rules of options and futures trading,'' the inspectorate
      Reuter  -  256 words
    • 220 9 AP TURKEY'S Premier Turgut Ozal last Thursday announced a series of measures designed to halt speculation in foreign exchange and break the back of a parallel free market in hard currencies. The measures, calling for tighter control of foreign exchange dealings, were interpreted by
      AP  -  220 words
    • 694 9 Cuts expenses, changes way it does business Reuter CHASE MANHATTAN CORP. the second-largest bank in the US with assets ot US$lOl billion, succeeded in stemming losses in its securities trading business in December and January, according to its chairman. Mr Willard Butcher. Until then,
      Reuter  -  694 words
    • 331 9 Reuter THE JAPANESE Ministry of Finance has clarified several accounting issues regarding the Mexico bond-for-debt proposal, which could encourage Japanese banks to join the deal. The Finance Ministry made it clear last Friday that banks, which incur a loss by swapping Mexican
      Reuter  -  331 words
  • Page 9 Advertisements
    • 100 9 TANTALISING T-BONE STEAK AT ONLY $22.50 You'll be delighted at what we're offering for dinner during the month of February US Prime T-Bone Steak. Carefully chosen from the best US Prime Beef and grilled to a sizzling perfection, served with a baked Idaho Potato and a Caesar Salad. Complemented by
      100 words
    • 157 9 CREDIT SUISSE FIRST BOSTON emerged as the overall best house in terms of the service offered to their clients. Following their strong performance in the secondary markets throughout the year, CSFB has been named Euro-trading house of the year in IFR's end of year awards. Source: International Financing Review January
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  • Page 10 Advertisements
    • 87 10 THERE ARE 5800 MILLIONAIRES IN SINGAPORE, ONLY TEN BMW 750IL's. i h i' V: *1] m *r f s-r 3* 5 Be i If kv According To Statistics. There Are Over 5,800 households in Singapore With An Average Net Worth Of Over A Million Dollars Shoulo you Belong To One
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  • PERSPECTIVE
    • 2617 12  -  By LOUIS UCHITELLE NYT FOR YEARS, Americans have been the world's most determined, enthusiastic consumers. The simple living conveyed in Norman Rockwell's illustrations or Grant Wood's famous painting of a severe, mid-Western farmer and his wife, has been lost in the 1980s. In
      NYT  -  2,617 words
  • Page 12 Advertisements
    • 310 12 AN OPPORTUNITY NOT TO BE MISSED HP 4jy| fundamentals At' donating L> k The Art of Negotiating® Successful negotiating is a skill. Like all skills it can be learned and it can be improved. It's not something you either have or don't have. However, even seasoned negotiators realise that consistently
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  • Page 12 Miscellaneous
    • 685 12 CRYPTIC PUZZLE ACROSS 1 One s drinking hat? (5) 6 Mostly fishy discoveries (5) 9 Yearn to get a letter from a lord (4, 3) 10 Town of the Alps! (5) 11 Calls for some jewellery (5) 12 In three ways out of four, they're ladies (5) 13 Toiler who
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  • THE ARTS
    • 247 13  -  CD Reviews By SHAUN KOH MOZART Violin Concerto No. 2 in D major K 211, Rondo KV 373, KV 269, Adagio KV 261. Frank Peter Zimmarmann (vln), Wurttambergiachaa Kammarorchaatar Hailbronn/Jorg Faarber. EMI digital CDC 7 ***** 2 (41 minutes). Category: classical WITH
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    • 708 13  -  by SHAUN KOH IT WAS the period of song. It was also a period that saw America's first great songwriter. Today, many popular tunes of mid-19th-century America, ageless and enduring, pervade the concert repertoire, though more often as selections for encores. The enduring quality of song then
      708 words
    • 555 13  -  By LISA LEE WHAT ON EARTH does one do with a dancer like Evelyn Hart? Put her with the rest of the corp de ballet and she grabs all the attention. Take her away and the audience will keep looking out for her
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    • 611 13  -  By MARTIN SOONG SINGAPOREANS, after more than 20 years of independence and political franchise, are still secretly infatuated with British literary values and standards, and are closet admirers of British literary lions. It was this unconscious tendency to genuflect to Western prescriptions of literary
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  • Page 13 Advertisements
    • 147 13 The nutriment your buying program requires A Taipei international Food industry Show w April 22-26, 1988 Taipei World Trade Center Exhibition Hall Food industry professionals relish the steady diet of fine products, efficient service and healthy profits that come from doing business with Taiwan. Discover these delights and sample offerings
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  • Page 13 Miscellaneous
    • 1238 13 wi aoo mm ESCAPE FROM SORBIBOR 9.30pm, Channel 5 The accidental discovery of gas chambers and the sight of women and children being gassed alive drive the prisoners to hatch an escape plan in this second episode. Alan Arkin (left), Rutger Hauer, Joanna Pacula and Jack Shepherd star. ADAM SMITH'S
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  • SPORTS & LEISURE
    • 531 14 AP BRITAIN'S Sebastian Coe, the two-time Olympic gold medalist in the 1,500 metres and world record holder in the 800 and 1,000 metres, will test new waters next Saturday in his first race in nine months. Coe, now training in Tampa, Florida, will run his first
      AP  -  531 words
    • 283 14 AP LINFORD CHRISTIE, the European 100-metre outdoor champion, completed a winning sprint double for Britain in the Dairy Crest indoor games against France in Glasgow on Saturday, despite a scare at the start of the 200 metres. Christie, having already won the 60 metres
      AP  -  283 words
    • 421 15 Agencies SLOBODAN ZIVOJINOVIC crushed Vijay Amritraj in straight sets in New Delhi yesterday to help Yugoslavia to a 3-2 victory in a Davis Cup first round clash against India, last year's losing finalists. The 6ft 6in, 200-pound powerhouse from Belgrade served
      Agencies  -  421 words
    • 859 15  -  By WALTON MORAIS INTERNATIONAL M Balraj celebrated his 26th birthday by sharing the day's lowest score and powering defending champions Sembawang into the lead for the first time this season in the Premier League golf championship. In the third round played at Changi's par-68 layout
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    • 252 15 AP NEW ZEALAND millionaire Michael Fay is considering taking legal action against a San Diego Yacht Club decision to hold this year's America's Cup defence at San Pedro Bay, off Los Angeles. "We haven't been asked for consent to sail the next America's Cup
      AP  -  252 words
    • 188 15 AP GREG HAUGEN kept Vinny Pazienza off balance with a left jab. bruised and bloodied his face and regained the International Boxing Federation lightweight championship on a one-sided 15-round decision on Saturday at the Convention Center in Atlantic City. After getting hit with a left hook
      AP  -  188 words
    • 376 15 AP STEVE JONES, playing far away from the celebrity-watch-ing galleries at Pebble Beach, shot a 2-under-par 70 on Saturday to take a three-stroke lead after the third round of the US$7OO,OOO Pebble Beach National Pro-Am. Jones, a non-winner in his first four seasons on the PGA
      AP  -  376 words
    • 342 15 AP AMERICAN Dan Jansen, skating on his home rink, won the 500- and 1,000-metre events on Saturday to take the lead after the first day of the World Sprint Speed Skating Championships in Milwaukee. Jansen fought zero temperatures and 32kph winds to
      AP  -  342 words
  • Page 14 Advertisements
    • 273 14 4 COURyOISIERXO-Where to eat, drink... Herald the Year of the Dragon with these exciting activities on Lunar New Year's Eve Reunion dinner at Meisan Szechuan Restaurant from $390 to $888, inclusive of a bottle of Dynasty wine or Remy Martin XO. Meisan will be closed on Feb 17. Early Dragon
      273 words
    • 256 14 MING COURT HOTEL SINUAHME Ming Palace Steamboat 4- vVs> v 1 i J'»\ Bring your family and friends and enjoy our steamboat buffet ainner laden with fresh prawns, succulent seafood, fresh vegetables, eggs and noodles. Cook up a steaming hot, mouthwatering meal... mmm then take a second helping or morfe.
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    • 160 14 MAGICALLY HYATT I+l 1 1 1 1? When guests order any beverage, standard or premium, at selected oudets, they will get a second drink, all for the price of one! It's a magic formula applicable daily The Lounge 7 9pm The Mandarins will entertain you from 9.15pm onwards in The
      160 words
    • 229 14 e n tir m Lovely ladies attired in the very latest swimwear grace Seafood-Theatre Restaurant every Tuesday and Friday at 1.15pm. The show is pleasing to the eye while our Chinese seafood dishes please the palate Try our chef s specialities: Braised whole abalone. Steamed 'live' garlic prawns. Theatre pom
      229 words
    • 173 14 Cupid has made lots of romantic arrangements at The Mandarin. Buffet Lunch Top of the M $28+ (Aduk) $13+ (Child) Pine Court $28+ (Aduk) $13+ (Child) The Belvedere $35+ (Adult) $18+ (Child) Candlelight Dinner Top of the M $45++ A The Stables $45 w The Belvedere $65++ Book early to
      173 words

  • Page 15 Advertisements
    • 302 15 and entertain llioliUv f f W rnr Traditionally Japanese. Traditionally Unkai. Sample the delicacies of Japanese cuisine, iushi, sashimi and teppanyaki. Four tatami nooms 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 Ad> r
      302 words
    • 146 15 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 $36++. Closed on Sundays. Saturday dinner only. Westin Plaza, Ist Floor. For reservations, call 338 8585. ext. ***** or 330 8310. The Westin Plaza Raffles
      146 words

  • MARKET REVIEWS
    • Article, Illustration
      4811 16 BT Composite Index components (Weak ended F«b 5, 1968) Slock Closing pries 1Slock Closing price A mat S'ee 1 40 012 Sime Darby 209 024 Boustead 1 IS 012 St Trodmg 308 0 20 C C 192 015 U M W 0 5454 0I0 Cerebos 4 78 022 DBS 9
      4,811 words
    • 640 16  -  Sinyapore By LISA LEE DBS LAND continued to dominate the list of the most active counters for the second week running on the Singapore stock market, where trading volume trickled to its lowest since the start of the year. With investors' sentiment undermined by
      640 words
    • 767 16 K.Lumpur AMIO featureless trading conditions, share prices last week fell one session after another on the Kuala Lumpur stock market wrought with light, albeit persistent, selling pressure. It was pretty clear right from the opening bell on Tuesday that the muchawaited traditional Chinese
      767 words
    • 584 16  -  Week ended Feb 5 compiled by JULIANA TAY CORPORATE DEVELOPMENTS The District Court has granted a three-week adjournment to banker turned deal-maker Allan Ng Poh Meng in connection with a charge of insider trading mode against him Ng's case will be mentioned again on Feb
      584 words
    • 711 17  -  London 4 From MICHAEL CLARK CONCERN was growing on the London stock market last week that the trickle of job losses in and around the square mile in the wake of "Black Monday" is about to turn into
      711 words
    • 1055 17 Pi ew FT IT IS as debilitating for the US equity market to contemplate the regulation debate as it is for a small child to hide in the bedroom while its parents row over which school it should be sent to
      FT  -  1,055 words
    • 338 17 AFP SHARE PRICES were mixed in lacklustre trading on the Tokyo Stock Exchange last week, with investors nervous about the dollar and the coming US trade results, despite recent improvements on both fronts. The Nikkei Stock Average, a 588.30-yen winner in the previous
      AFP  -  338 words
    • 288 17 AFP THE AUSTRALIAN share market finished the week at a new low for the year following widespread selling of mining stocks due to sharply lower gold and base prices. Brokers said the market had been "sloppy" throughout the week with
      AFP  -  288 words
    • 383 17  -  From SHIRISH NADKARNI QUITE apparently the trauma of 1987 is not yet over. The share markets have once again turned listless. The volume of activity has dropped and the undercurrent is distinctly hesitant. This is very much evident from the fact that during the
      383 words
    • 27 17 Company BONUS ISSUE Kg lonjut One for-ttiree Shore split of $1 50 por into Shores of $1 eocti Ex-dote: ion 27 Books dose: Feb 20
      27 words
    • 319 17 Company RIGHTS ISSUE A M 0 B One-for-four JO 50 per shore C 1 Holdings 27 million loon stocks in the rotio of $3 loon stock tor every tive ordinory shores held Duta Cons One-for-one $1 10 per shore F A C B One-for-one $060 per shore Hexzo
      319 words
    • 139 17 AFP FRANKFURT STOCKS had a good week, with blue chips particularly favoured, gaining an average of around 5 per cent. The dollar's stability and the announcement by the Karstadt department store chain of a marked improvement in 1987 results encouraged the market, and the
      AFP  -  139 words
    • 1280 17 n L x g I Hongkong y DBS Securities THE HONGKONG MARKET was extremely quiet last week with turnover totalling only HKs2,sBom. The Hang Seng Index retreated to close 117 points lower during the week to 2,292. The weekend announcement by
      DBS Securities  -  1,280 words

  • Page 17 Advertisements
    • 16 17 HANDMADE WORLD RENOWNED SHOES A FABULOUSLY COMFORTABLE! Available at: SCHUHE BOUTIQUE ♦#02-28 RAFFLES CITY SHOPPING CENTRE
      16 words
    • 79 17 The Zurich and Amsterdam report* were not available. U5540,000,000 Negotiable Capped Floating Rate U.S. Dollar Certificate of Deposit due Ist November, 1990 The Sanwa Bank Limited In accordance with the provisions of the Certificates, notice is hereby given that for the three month Interest period from Bth February, 1988 to
      79 words

  • COMPANY NEWS
    • 518 18 raaiaiaa mm*** HOCK LOCK SIEW M'JCH OF Hongkong's ability to regain its status as the top share-trading centre in Southeast Asia will depend on the series of market reforms a high-powered team is currently working on. The colony appears committed enough
      HOCK LOCK SIEW  -  518 words
    • 316 18 Bernama ES KULIM (M) Bhd has been given an offer to purchase a 60 per cent equity stake in Selai Sdn Bhd, a plantation company owned by the Johor State Economic Development Corporation (Johor SEDC). Kulim said the offer to purchase the stake in
      Bernama ES  -  316 words
    • 360 18 Bernama MBT PUBLIC BANK Bhd is looking for a suitable foreign partner to take up a 30 per cent stake of its stockbroking subsidiary. PB Securities. Tan Sri Teh Hong Piow. president and chief executive, however said "so far no foreign party has approached us
      Bernama; MBT  -  360 words
    • COMPANY BRIEFS
      • 50 18 MBf Holdings Bhd said the Malaysian Foreign Investment Committee (FIC) has approved the sale of the group's 22.6 pc investment in Emtex Corp Bhd to Ladang Setia Sdn Bhd MBf said the approval is conditional upon the approval of the Ministry of Trade and Industry.
        50 words
      • 78 18 BENTA PLANTATIONS Bhd's acquisition of 3.4 m South Pacific Textiles Industries Bhd (SPTI) shares is not subject to stockholders' approval. Replying to a KLSE query. Benta said the acquisition is not expected to have any material effect on its earnings per stock unit for the year
        78 words
      • 60 18 KAMPUNG LANJUT Tin Dredging Bhd has reported a 12pc drop in after-tax profit to M 5401.000 for the six months ended Sep 30. 1987 from M 5456.000 in the previous year Turnover fell 58pc to M 5417.000 from Mslm during the same period.
        60 words
    • 715 18  -  By AMY BALAN THE VIABILITY of Cad-Cam Systems, a wholly-owned subsidiary of Malaya Tin Printing, appears to be a bigger and more immediate issue confronting the can-manufacturer after its fivehour extraordinary general meeting last Saturday. The EGM, requisitioned by MTP director
      715 words
    • 717 18  -  Mandarin Resources suing for $6.4 million By ROSIE TAN DAH YUNG Investment Ltd, which has two outstanding law suits with Mandarin Resources Corporation, has been sued again by the Hongkong-listed company for 556.4 million. Describing the suit as frivolous, Dah Yung's secretary Chew Kok
      717 words
    • 470 18 FT THIRTY ONE Hongkong futures brokers who defaulted on contracts when the futures market there collapsed in October last year are to stand trial in May as the exchange's guarantee corporation tries to recoup debts amounting to HKSI.B billion. The decision to pursue legal
      FT  -  470 words
    • 354 18 Bernama ES GEORGE TOWN Holdings Bhd (GTH) has purchased 580,000 shares of publicly-listed Pengkalen Holdings Bhd for Msl.2 million. The GTH board said the shares of Pengkalen, a company primarily involved in insurance and banking, are valued at M 52.06 each. GTH said the basis
      Bernama ES  -  354 words
    • 320 18 ii fa date Books i! Total tor the year Total tor leal year A 1 S 6 5% Ibl Dec <8 Jan 7 Feb 8 5% 5% AMDS l%lbl Feb 2 Feb 16 Mar 17 1 2% to) Aokom 2% Ibl Jon 25 Feb 8 Mor 5 2%
      320 words
  • Page 18 Advertisements
    • 355 18 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND MULTI-FURNISHING PTE LTD At an Extraordinary General Meeting of the Company held on Friday. 29 January 1988. the following resolutions were passed SPECIAL RESOLUTION WINDING-UP That Multi-Furnishing Pte Ltd be wound up voluntarily pursuant to Section 290(1 Mb) of
      355 words
    • 371 18 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF MAKEDO PRIVATE LIMITED (In Members' Voluntary Wlnding-Up) Notice is hereby given, pursuant to Section 308 of the Companies Act, Cap. 50, that the final meeting of the members of the abovenamed company will be held at
      371 words
    • 351 18 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF IPECO PTE LTD (Members' Voluntary Liquidation) FINAL MEETING NOTICE Is hereby given, In pursuance of Section 306 of the Companies Act, Cap. 50. that the FINAL GENERAL MEETING of the members of the above-named company will
      351 words
    • 96 18 APPOINTMENT Aashton-Tat 9 REGIONAL CONTROLLER Leading U.S. Software company, publisher of dßase II 111, seeks a qualified Regional Controller for our Singapore office to be responsible for all financial management accounting for the Asia region. Qualified candidates should possess 5 to 10 years experience in business finances. Fluency in English
      96 words

  • WORLD MARKETS
    • 885 19 New York Reuter WALL STREET stocks finished mixed in moderate trading last Friday after late selling erased gains chalked up by blue chips. Analysts said arbitrage selling, a drop below a technical support level of 1,920 on the Dow, and jitters about the direction of interest
      Reuter  -  885 words
    • 579 19 London AFP SHARES accentuated their losses last Friday on the London Stock Exchange, at the end of a moderately active session. Observers noted that after an indecisive opening, the market edged lower in a steady decline, as investors were becoming increasingly concerned about the troubled industrial backdrop
      AFP  -  579 words
    • 253 19 NYT DONALD J TRUMP has built a business empire on his name. He calls his company the Trump Organisation. Its home is Trump Tower. His fanciest condominium project bears the name Trump Pare. He also owns casinos in Atlantic City called
      NYT  -  253 words
    • 1285 19 Amsterdam pea M FLS ABN 38.70 -02 Aagon 60.40 1 4 AhoW 7340 02 Akzo 90.20 03 Alranta 146 70 0 3 AMEV 30 50 1 Amro Bank. Am Stad i 9610 106 00 uoch +1 2 11.60 09 BOLS 100 so 05 Boraumii 61 SO -2 Buahrman Tanaroda 41.50
      1,285 words
    • 754 19 Chief stops short of supporting a 'super-agency' NYT THE CHAIRMAN of the New York Stock Exchange has endorsed a key proposal of a presidential task force by agreeing that just one federal agency should dominate regulation of the financial markets. But Mr John
      NYT  -  754 words
    • 512 19 Reuter WALL STREET, watching the strengthening Japanese yen and hostile US takeovers by Europeans, is wondering when the Japanese will abandon their traditional politeness and begin buying up American companies. Besides the strength of the yen, which makes US corporations a bargain in
      Reuter  -  512 words
  • Page 19 Advertisements
    • 328 19 1 w ■■NHIm I X -w sa K M, 7 PttfM Hv P S® S M ~*mmm Bank of Scotland was the first U.K. Gearing Bank to offer on offshore sterling account linked to Money Market rates of interest. Now, through Bank of Scotland (Jersey) Ltd we have introduced a
      328 words

  • 260 20 Bernama US CONCERN over perceived Soviet inroads in some Association of South-east Asian Nations (Asean) member countries, including Malaysia, may force Washington to accord greater attention to its political, economic and security relations with the grouping, a leading foreign
    Bernama  -  260 words
  • 529 20  -  Fewer hand out bonuses compared with other groups By CHUANG PECK MING MORE American and European companies in Singapore gave their workers a raise last year but when it came to bonuses, there were (ewer of them compared to other companies, including local
    529 words
  • 167 20 Bernama FIFTEEN international airlines with offices in Kuala Lumpur and Singapore have agreed in principle to include Kelantan in their promotional maps and lists of major tourist destinations in their in-flight magazines. Senior executives of the airlines who attended discussions in Kota Baru
    Bernama  -  167 words
  • 354 20 RED PACKETS are associated with luck, prosperity and happiness. And there certainly was a lot of that at Kim Seng constituency yesterday. The MP for Kim Seng, Dr Yeo Ning Hong, visited the Beo Crescent market and distributed red packets and baskets
    354 words
  • 158 20 Reuter COMMUNIST leader Nguyen Van Linh says Vietnam is "ready to do business" with foreigners and is encouraging local capitalist development, according to an interview published yesterday. Amando Doronila, an editor of the Manila Chronicle who returned on Saturday from a visit to Vietnam, quoted
    Reuter  -  158 words
  • 156 20 UPI THE PHILIPPINES' military chief yesterday alerted field commanders against possible attacks by communist guerillas who gunned down a police major and a civilian and announced an expanded list of US targets. General Renato de Villa said in a statement that intelligence reports indicated that communist
    UPI  -  156 words
  • 438 20 Bernama VARIOUS GROUPS have come out in support of the Malaysian Prime Minister's call to Muslims in the country to interact more with non-Muslims. Buddhist Missionary Society president Teh Thean Choo said in Kuala Lumpur yesterday that the people of Malaysia, being
    Bernama  -  438 words
  • 222 20 AFP THE SALE of a top-of-the-line US naval defence system to Japan is being jeopardised by a dispute between Congress and the executive branch over whether Japan can be trusted with the sensitive technology, and where the hardware should be built. At
    AFP  -  222 words
  • LATE FILE
    • 45 20 AFP ISRAEL is ready to discuss a total withdrawal from the occupied territories. Israeli Prime Minister Yitzhak Shamir said in an interview published yesterday. He added that Israel's negotiating partners would be "Jordan. Egypt and representatives of Palestinian Arabs". AFP
      AFP  -  45 words
    • 42 20 AFP THE TAIWAN government has approved a contract allowing China Airlines (CAL) to buy five Boeing wide-body 747-400 jetliners and one Boeing cargo plane, the Commercial Times reported yesterday. The contract will total about US$BOO million.
      AFP  -  42 words
    • 43 20 UPI stay as president PRINCE Norodom Sihanouk had had "lengthy and cordial" talks with Khmer Rouge leader Khieu Samphan on disputes in Cambodia's resistance coalition and was now considering remaining president of the country's exiled government, aides said.
      UPI  -  43 words
    • 30 20 AFP AUSTRALIAN customs officers have seized the third Indonesian fishing vessel caught in just over a week in territorial waters off the north-west coast of Australia.
      AFP  -  30 words
    • 45 20 AP VIETNAM will free more inmates of political re-educa-tion camps during the upcoming Lunar New Year festival. The Vietnam News Agency yesterday said Hanoi also had proposed a one-day cease-fire along the embattled Sino-Vietnamese border to celebrate the New Year.
      AP  -  45 words
    • 41 20 AFP IRAQI warplanes yesterday attacked Iran's Kharg Island oil terminal in the north-east Gulf. Shipping sources also reported an Iranian raid on a US-owned. Liberian-regis-tered tanker Diane in the southern Gulf, causing light damages and no casualties.
      AFP  -  41 words
  • Page 20 Advertisements
    • 452 20 Get your free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available 1. Work on one of Singapore's biggest projects, (JOB Plaza, is all set to take off. 2. Exclusive interview with Foo Yoke Khan, arguably Singapore's first woman general
      452 words
    • 142 20 QUALITY BEFORE YOUR EYES nS>* i J IjlljJJJV'i'r fllrilMl///////////, /!frl!! lii /1 ////Vy ///!jli J I I i 111 11 J I rV. I! i I I I I I 'I I ':ti f I i 11l *u»< '////ii/ 11 j !i We have6oosolutions for every eye condition. The ways
      142 words

  • SHIPPING TIMES
    • 204 21 Seatrade Week, Fairplay EMPLOYMENT of South Korean seamen by foreign shipowners is on the increase, according to latest statistics published by the Korea Maritime and Ports Administration. Foreign shipowners employed 42,671 South Koreans in 1987, with total wage earnings of US$47O million. These
      Seatrade Week, Fairplay  -  204 words
    • 325 21 MITSUI OSK, EAC Lines and "K" Line appear to be heading in different ways in the transPacific trade. "K" Line is opting out of its slot-charter arrangement with Mitsui on the Pacific northwest before the middle of this year. It is believed
      325 words
    • 182 21 A MAJORITY share in leading international shipbrokers Barry Rogliano Salles of Paris has been bought by a company formed by individual brokers. The new company, Societe Civile de Participation Maritime, holds 51 per cent of the capital with 49 per cent remaining with
      182 words
    • PORTSIDES
      • 87 21 Reuter ARGENTINE port workers are to begin a 72-hour strike today if the government fails to meet their pay demands, union sources said. The Sole Union of Port Administration Workers (SUTAP), which is demanding a 32 per cent wage increase, rejected the government's counter-offer
        Reuter  -  87 words
      • 97 21 AP SOUTH KOREA'S shipbuilders cut 7.5 per cent of their total manpower last year in the face of a continuing worldwide shipbuilding recession, industry officials said. The officials at the Korea Shipbuilders' Association said the total manpower at South Korea's eight leading shipyards stood
        AP  -  97 words
      • 105 21 OPERATORS of the luxury liner, Queen Elizabeth 11. have cancelled a call to the Port of Suva because of the ban on Sunday trading in the Republic of Fiji. A spokesman for the liners agents, Burns Phip Shipping, said the QE II was scheduled to
        105 words
      • 57 21 WEST GERMAN owners of vessels up to 999 grt have formed a pool to provide a better flow of information among member owners and their brokers in an effort to end unnecessarily damaging competition. The new pool includes 157 carriers and was initiated by the
        57 words
      • 98 21 UPI AUTHORITIES relieved six senior coast guard officers and recommended that they face court martial proceedings for negligence that led to the deaths of at least 1,600 people in history's worst peace-time shipping disaster. In a report to the Armed Forces headquarters, Coast Guard
        UPI  -  98 words
    • 864 22 carfier tonnage sold for scrap in January was little changed at 334,260 long dwt (comprising sevcompared with 323,780 dwt (five) in December. However, this was above the 129,260 dwt (three) recorded for January. ~1987, London shipbroker Howard Houlder said. Dry bulk carriers sold for scrap in January totalled 92,038
      864 words
    • 917 22 AB Shpg V s ABC Cooiginr VM 1 Accord Shpg VI Ahrenkiel liner XI AI'iCO Ocean xi Alltrons VI AC Toepler XI Amencon Tpt X* Anro Serv.ce IV Arrow lines IX Asian Oceon XI Atlas lan* X ANl 1 AFC 1<M V API N ASCI HI Bo<t
      917 words
    • 676 22 Reuter THE SURPLUS in the world commercial tanker fleet and combination carriers trading in oil fell to 73.6 million long dwt at end-1987 from about 81.2 million at end-June 1987, London shipbroker John I Jacobs said. The tanker fleet totalled 229.1 million dwt
      Reuter  -  676 words
    • 370 22 AP THE UNITED STATES Defence Department plans to ask for a waiver from a new law that requires 11 Kuwaiti tankers operating under the US flag in the Gulf to be manned by American seamen, officials
      AP  -  370 words
    • 434 23 Reuter LAST WEEK'S concessions by Dutch shipping firm Nedlloyd Group over controversial restructuring proposals do not remove the plan's anti-takeover features, a lawyer acting for Norwegian shareholder Torstein Hagen said. Lawyer Frans Corpeleijn is challenging Nedlloyd's proposed rights issue which will double the
      Reuter  -  434 words
    • 290 23  -  From KINGSLEY WOOD AUSTRALIA needed its own merchant fleet so that in times of conflict in other parts of the world it would not be left without shipping to service its vital trade, Mr Lachlan Payne told a Navy League conference in
      290 words
    • 152 23 FIFTEEN containers of Thai garments have been impounded in the US pending clarification on when the goods left Thailand, Bangkok Post reported. Viroj Amatakulchai, president of the Thai Garment Manufacturers Association, the goods worth 20 million baht transported on board four
      152 words
    • 7724 28 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      7,724 words
    • 1578 29 TH6- FREIGHT market on Thursday was featured by further firmness in rates for grain business out of the US. shipbrokers said There is market talk of Soviet enquiry for Panamax vessels for March to make trans-Atlantic round voyages from the Continent/Mediterranean again with the option of loading either
      1,578 words
    • 1326 29 AT CONVENTIONAL WHARVES Veaael Berth Arrival Departure KEPPEL WHARVES Andh Perdono K20 alongside 0602/1630 Cottbus K28 olongside 0602/2300 Fengq.ng K35 alongside 0602/7300 Ki» Soon li K23 o longs ide 06 02*0700 Koto Sejoti IC3I olongside 10 02 0600 Niogo 31 KM alongside 06 02/0600 Qinghecheng K29 alongside
      1,326 words
    • 2026 30 A—B AB Shipping Boustead Shpg Agencies. ABC Containerize NV S'pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Lines Sealion Shpg (S). Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Ocean us Shipping Agencies (S) Multiport Sdn Bhd (PK). Alltrans Alltrans Express. American President Lines
      2,026 words
    • 375 32 Lloyd's List WIJSMULLER's financially-di-sastrous investment in heavy lift shipping finally ended with an announcement that it had agreed to sell its eight remaining vessels. An unidentified third party has agreed to buy the lossmaking semi-submersible ships for FlslBo million following •Jengthy
      Lloyd's List  -  375 words
    • 82 32 Reuter ABOUT 50 representatives of maritime unions demonstrated outside the United Nations calling for the world body to send a peace-Keeping force to the Gulf to protect shipping. Secretary General Javier Perez de Cuellar also received a delegation representing the International
      Reuter  -  82 words
    • 271 32 Reuter CONGESTION at Britain's jtrike-hit channel ports began to ease yesterday after most ferry seamen called off a national stoppage and returned to work. Seamen at Folkestone and Dover obeyed an order from their trade union to resume work and began to reduce
      Reuter  -  271 words
  • Page 21 Advertisements
    • 762 21 STP Distributors Tinwa PutMwif Croup CAPO* 8 si*.*V" o rtaUiim'* Wm Jardines k^iwii NORTH AMERICA ATLANTIC EXPRESS (ROUND THE HORID ROUTING' |sgpkm chton nf* mrc Hfx NORTH AMERICA CALIFORNIA PN* MST CANADA F *PO^T ncptuwe garnet ORIENTAL FREEDOM MIENTM. FAITH ORIENTAL FUIENOSHIP IMPORT mr-rt I*2 12/3 2*2 IV3 3/3 2*3
      762 words
    • 114 21 QSMDB THE SURPLUS in the world commercial tanker fleet and combination carriers trading in oil fell to 73.6 million long dwt at end-1987 from about 81.2 million at end-June 1987, London shipbroker John I Jacobs said. Page II LAST WEEK'S concessions by Dutch shipping firm Nedlloyd Group over controversial restructuring
      114 words
    • 618 21 *>>*! V' itfevf h., TIMES STP Distributors MAERSK LINE FAST TRANSIT TO CHARLESTON 29 DATS FROM SINGAPORE 34 DATS FROM PORT KELANG 33 DATS FROM PENANG Aa* M Closing Time To Europe— UK Scandinavia Finland d LEH f*S AXEL M AMLO M LUNA M ARTHUR M V 3 V 3
      618 words

  • Page 22 Advertisements
    • 640 22 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT CARDIGAN BAY RHINE MARU TOKIO EXPRESS KOWVOON BAY BENAVON OSAKA BAY ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST. OUBLIN. COPENHAGEN, AARHUS. GOTHENBURG. MAUM, HELSINKI OSLO AMSTERDAM, CARIBBEAN A S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT VOY NO HAMBURG TOKIO EXPRESS KOWLOON BAY THAMES MARU#
      640 words
    • 19 22 L'nes and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association "at'onai (m>
      19 words
    • 499 22 S7 C SA V Cr-.-.r .tSudA-r: c- S FEEOER VESSEL frraacl HOT HU VESSEL NK MICA IQQ AKTOf VALP SAI CSAVI m MAUCO 2M i* w iv iy CSAV 1 «I A VESSEL HI) IJS VS CSAV 2 *S I CAR CARRIER B* W* |(TOK MP) CARGO FOR PUNTA ARENAS.
      499 words

  • Page 23 Advertisements
    • 874 23 The Straits Steamship Group J Mansfield Container Shipping Re Ltd F&O Containers STRAITS SHIPPING Singapore to Stbeh, Sarawak, Brunei Ports and Bangkok COWTAHERSWP SERVICE TO UK/CONTINENT: Pt CASUS PROGRESS PEGASUS PROGRESS BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL *****00 Aho Accepting Corgo For: Natal <® Cmiwt»niw. Aariua. Raßarßaai M V*ws taMn
      874 words
    • 718 23 Mitsui O.S.K. Lines to North America K M -M* Mitsui OS K Lines' Alligator container service now gives Asian shippers fixed day access to more North American ports than ever Every 10 days to the East Coast and every 7 days on both of our routes to the West Coast.
      718 words

  • Page 24 Advertisements
    • 367 24 9, HXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES KYOWA LINE PNC/8. PACIFIC SERVICE Singapore Loading for: URANIA 4 27/2 JAYA, LAE, HRA, TIG, LTK, MALAU MICRONESIA SERVICE SPORE PK LOAD FOR A VESSEL 25/2 27/2 SAIPAN, GUAM, TRUK, PONAPE, EBE, MAJURO AUSTRALIA SERVICE S PORE LOAD FOR
      367 words
    • 761 24 isz% |H» JC.Sline 10*14 »"«< FULLY CONTAINERISED SERVICE TO fUROPt VIA SUtZ Mfmbff ol thf *cf ConswlKim Mill* ONIfIINIRISED 10 (ROM NORTH SMIRIiA #»S! COAST CONVENTIONAL SERVICE TO PERSIAN fi'JLF VESSEL WONSBON KUANTAN S PORE LOADING FOR 3/2 DUBAI. DAMN GEN AGENTS: CROWN MARINE CO (PTE) LTD TEL: ***** M
      761 words
    • 277 24 FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CHITTAGONfi: sailing 11/2 22/2 EURO-AFRICA LINE FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS. VALLETTA, IRUN, CEUTA, ALGIER A ISTANBUL PORT MORESBY, RABUAL, LAE KIETA, MADANG KIM BE NOUMEA SUVA/LAUTOKA 26/2 26/2 NEW ZEALAND AUCKLAND, WELLINGTON
      277 words
    • 1267 24 HJM EVERGREEN 5-1 vn Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GENIUS/GLEAMY 14/7 EVE* CLEAMT EVE* GREET LB/2 EVER «0K EVE* GENTLE «3 EVE* GENTRY 17/3 EVE* GUIDE an EVER GOLDEN 313 EVER GUARD 7ft ALSO ACCEPTING CARGO TO. 1) PROVWEKE. NEWARK SAVANNAH. WILMINGTON BERMUOA. ETC 2) ATLANTA. ONCAQO. DETROIT. COLI NKC
      1,267 words

  • Page 25 Advertisements
    • 805 25 VTA PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 MAJAPAHfT HOT A SBtGA OOWA KOTA EAGLE JKT 1788 SLO SLO MPT 10NBA 2358 SLO IM PT 10/2 MM IMS 14/2 l|/2 IS/2 20NB 07SB 1/3 10/3 13/3 OSNB MTC HITACHI MOO NAOOYA. POO FAR EAST
      805 words
    • 530 25 \rm BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT MAM IHAWN I'M HAVM STOW f KLAUS Tekw Daraw taM SaiM Sa.M SatM SatM Frankfurt tipnu StM ShM SwM IP IP I—ouuin in w m ua ua w nu. mo KitMHw* ua w ua m aa
      530 words
    • 501 25 WJWY wIUM MTMUMIfSM mi fftrtwrrt cum Mutm/aM KUTAI/MM SBi KtWiMa I to B«N|ict to Mucwmkl Atoo ■copMnfl cargo to CaaaManca, Port Said, Port Alexandria, Qaoioa. Trtoato. ALSO ACCEPTING BOTH CONTAINERS. CONVENTIONAL CARGO VIA T/S TO UN PORTS, NULL, IE HAVRE, OSLO. COPENHAGEN AARHUS GOTHENBURG AND HELSINKI DJAKARTA LLOYD INDONESIAN NATIONAL
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    • 412 25 BOUSTEAD SHIPPING AGENCIES 1* BURMA FIVE STAR (Burmese National Line) S'port SITTWAY V* M Feb HTOWEYWA V232W ltffl Feb PAGAN VIM Wli ft PA-AN VUW 11/21 Feb PKelang Penang Bangkok ISM Feb 22/24 Feb BANK UNE BBIBBBHB TO UKC SPORE RDAM HULL HMBG CLYDEBANK V22N IS/2 7/3 15/3 11/3 FORTH
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  • Page 26 Advertisements
    • 1294 26 "K"UnE SHIPPIfIG OflTfl RTLRriTIC COAST (Round-The-World Service) •PK/PNG SPORE LB CHIS ORIENTAL FAIR V 7 Sid 11 Feb S Mar 15 Mar RAINBOW BRIDGE Vll 13 Feb IS Feb 12 Mar 22 Mar NEPTUNE GARNET Vl3 20 Feb 25 Feb 19 Mar 29 Mar 'VIA FEEDER PACIFIC SOUTH-UJEST FEEDER VSL
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    • 700 26 'M INDIA EXPRESS CONTAINER SERVICE INDIAN COURIER VTIN SO A PRADESH V JIN TNEOOOR FONTANE V 15N S O NACALANO V 38H INDIAN COURIER V IM TNCOOOR FONTANE V 1M S O TRIPURA V MH INDIAN COURIER V 30ft TNCOOOR FONTANE V 17N RAVIOAS v n* CboMbdravHWCikutti Mndli/Bombiy Htd/Cal £*o/Madr
      700 words
    • 762 26 GOLDEN LINE GUAN GUAN SWPPING (PTE) LTD si'NGAmVNMm nam (M lines) fu bosm STRAITS/PERSIAN GULF SERVICE: OOCOCN HARVEST Cotombo/KwaclWDutoi GOLDEN HAVEN Cotomt»/K»r»chi/Ou6»i CHINA SERVICE A VESSEL Stancta/Hsmlunf Sport P.Kotont Pww* In Port a/MF«- am m CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC OF CHINA 42 VI an MP
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    • 414 26 m PHIU OniCNT LIN€S PT€ LTD HEAD OfFiCC 63 BOB'NSOS POAD «07 1 2 AfRO ASIA 6JILOING SINGAPORE 010S TEIfX RS ?8720 PHiLIU* *****76 3SESESEHEESE TTMiTT rvfirtrv! nr;> yrt M KONG KOK. KEELUNG. MANILA. BANGKOK TOKYO. COLOMBO KARACHI. BOMBAY EAST AFRICA MEDITERRANEAN 17/2. 1/1 UK EUROPE SERVICE 11/2. 11/2. 25/2
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  • Page 27 Advertisements
    • 741 27 NEPTUNE ORIENT LINES LTD jj NEPTUNE AGENCIES PTE. LTD Ft EU/AUST TPA/SEA Terminal CFS BOOKINGS: *****53 *****42 *****22 *****53 *****19 27*01 It 27*111 *****41 NEPIINE SON. BHD. 3HM7 INWARD/OUTWARD NEPLINE SON BHO. 2C***** ENQUIRIES *****44 NEPLINE SON. BHD. 62KBS/627M0/627K1/*****2 NEPLINE SON. BHD 2M040/*****1 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A mtmbtr
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    • 482 27 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON Vesaot's Nmm Ho IQI #No Oonam/OOIN 02/02 1402 171 MC U HIK OS-07/V3 09/03 •Ooru/ww mm am «am 20-20/02 o»i<*w No 7 Donam/OQ2N 17 m 2*2-1/3 02 OMB 13-11/03 IMB No I DonamoO2N 17« 01/03 M-OMJ3
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    • 703 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** f KELANG BW HANDLING SYSTEM 00 SON. BHD. MESSRS MAI THONG SHIPPING 127 Pananf Street, Panant MaMyst
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  • Page 28 Advertisements
    • 343 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 i3O L.nes> FAX *****39 *****76 TUEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTF RACHT/SEEREEDEREI RQSTOCK INTEGRATED FULL CONTAINER SERVICE *VIA COLOMBO: Accepting carp tor INDIA Bombay. Cochin, Madras I Calcutta ""VIA LARNACA: Accepting carp lor Lattakia, Piraeus,
      343 words
  • Page 28 Miscellaneous
    • 176 28 Regional Weather Va N V* i Si K 2^ a t> i K SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed in knots Wove height LEGEND R Thunderstorm Temperoture c X\ V Shower Weother —V Wind direction with speed m knots Ram L/ Cloudy
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  • Page 29 Advertisements
    • 757 29 «£s> CRYSTAL > Ura r FREIGHT SERVICES PTE LTD •V T«t: ***** M Urm) BOMBAY/COLOMBO OTHER REGULAR CONSOL PORTS: USA (LA, HOU, NY. INLAND POINTS) EUROPE (HAM, ROTT, FLX, LDN) NZ (AUCK, WELL, LTON, DUN) AUST (SYD, MELB, FREM) FAR EAST PORTS W* UNI-OCEAN LINES PTE. LTD. 60 Cecil St.
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    • 236 29 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. 0 IRAQI LINE '"*0 UTMM SI »0» EAST BOUNO SERVICE ETA S PORE LOAMN6 FOR *2 an i»mt WEST SOUND SERVICE HA S PORE LOADING FOR THROUGH Mj to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA A lAGHDAO REEFER SPACE AVAILABLE UPTO AQABA
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  • Page 30 Advertisements
    • 687 30 1 INK I.INKK SHIPI'INC* PTK LTI) S h *-rt"n Ai, M Oi*C W>nni Hau■ Spore (VI? Til I'Ptv) lIX PS ,\'S4l Fll %F R Pfl« .y^ivi TBN TM 1270 TM 112/3 EUROPE SERVICE 'Ml 110 X FAR EAST SERVICE I J M 'Ml'niLUf.Ml 10 a? an m va m TATSUMI
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    • 346 30 ZIM LL CONTAINER SERVICE accepting FCL/LCl carfMt to USA East 4 t Coast, Carribbcan.East Canada. HAITI. Costa Rica, El Salvador, temala. Honduras. Vtnczuola, Poru, Ecuador. Colombia via Miami, rinidad, Barbados, Antigua, St. Lucia, Montsorrat, Guayana via ingston. 13zm 22ZE3JM mm zn zm vessel l/i VESSEL W3 Hiiiili ZIM EILAT 71/7
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    • 509 30 Everett Lines! iT> m a •Ml P«I» •Villi CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Ptnartf f Kalanf* Snypofl iOHNEVERETT 14/15 Fofe MURRAYEVERETT 22/23 Fak THOMASEVERETT S/7 Iter EVERETT ORIENT UNE" JAPAN/BAY OF BENGAL/JAPAN SERVICE YOKOHAMA, KOBE, NAOOYA, MOJI, TOKYO* I LOADING FOB YOKOHAMA, KOBE, NAGOYA, MOJI, TOKY( AND
      509 words

  • Page 31 Advertisements
    • 117 31 ROTTERDAM HAMBURG Weekly Departures ALSO SERVING OTHER EUROPEAN/ U.S.A./FAR EAST DESTINATIONS COMBUILT SERVICES PTE LTD Tel: *****71 (3 Lines) Tlx: ***** L Egyptian Internetionel Shipping Company S«VING DtKCT TO/flfOM POUT SUEZ, ALEXANDRIA, AND PORT SAID SY EGYPTIAN fIAG VESSELS DUTBOUNO TO EGYPT M.V. •wmtt" V 145 ETA SPORE 25 J
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    • 105 31 P.T. TYTYAN SAMODRA SHIPPING COY BATAM Vessel EVER STURDY Sailing RICROI 3 DUMAI RUMBAI Vessel RICROL 3 Sailing Every Monday Every Wednesday (Fortnightly) Every Wednesday (FortnigMltf Envi Services Pte Ltd Tel: *****55 Tlx: RS ***** ENVISV Fax *****28 RANGOON/CALCUTTA (S'PORE/RGN/CALCUTTA/S'PORE) Eta S'pore Eta Rangoon MV KHUNKAEK Vl6/88 18/2 24/2 SEACLIPPER
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    • 611 31 LCL/FCL SERVICE *s:r mm JidJ'I.V'MIII? aim mcmm cargo to PNQ R.MOREBI MACAMO. WIWAK. SOLOMON ISLANDS HOMARA NEW CALEDONIA NOUMEA TAHm PAEETE E. MALAYSIA BRUNEI EUROPE. USA. CANADA A AUSTRALIA TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST Uil'KU LUCKY SEAWAY SERVICES PTE LTO Tit ***** Fax: *****77 S.E.ASIA/CHINA SERVICES SCP
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    • 476 31 ©POH TIONG CHOON SHIPPING (PTE) LTD TEL: *****66 (10 LINES) FAX: *****41 TELEX: R*****6 POHSHIP p,CGnaF LCL/FCL SERVICE TO KEELUNQ/KAO 14/2 21/2 28/2 BUSAN 9/2 15/2 21/2 HONG KONG 9/2 20/2 23/2 TOKYO/YOKO 11/2 18/2 25/2 BANGKOK 13/2 20/2 27/2 UK/EUROPE 9/2 24/2 9/3 JAKARTA 13/2 USA/CANADA 8/3 14/2 28/2
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    • 350 31 K PERCH OCEAN LINES (Psrfsct China Octan Shipping Linn) Destinations: FROM PORT KELANG/SINGAPORE SHANTOII, GUANGZHOU HUANGPU, XIAMEN WPFkI Y HAIKOU, ZHANJIANG "flh XINGANG, QINGDAO SA L NGS SHANGHAI t OTHER PORTS SINGAPORE AGENTS: PKELANG/KLUMPUR AGENTS: RAPID SHIPPING PTE LTD JOHANN FREIGHT S/B. TEL: *****77 TLX: ***** TEL: *****25/6/7 TLX: *****
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  • Page 32 Advertisements
    • 343 32 Hai Sun Hup Co (Pte) Ltd 'El 2?***** (20 Linesi TLX RS ??i)hl RS ft. I \S I I Iv \l\ I I\ I K II I) STRAITS/ JAPAN/ STRAITS SERVICE PECIALIST IN RO-R0 HEAVY LIFTS NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN ft CHINESE PORTS, SUBJECT INDUCEMENT IMLintermaritime
      343 words
    • 396 32 To COLUMBUS LINE REEDEREI GMBH v* k,!! Mll'l.lMUMi (A SERVICE OF HAMBURG SUDI EXPRESS SOS-CONTAiEP SfPVtCE TO SPORE CLYDE BANK V22N 15/2 FORTH BANK V2IN 16/3 TAMAITAI SAMOA VI2N 2/3 IVY BANK V2IN 8/4 AIM Ampting FCL ta AnNar^Vamt/F 7Tnrr«:': j'.r i r AhticA Oct an LiNts Lid. VESSEL ETA
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    • 276 32 LCL WEEKLY SERVICE TO: KEELUNC BANGKOK FRBNANTLE HAM/BREM 18/2 ROTTEXBAM 18/2 TILBURY 18/2 SYB/MELB 21/2 ADELAIDE 16/2 (transit time 12 days) WEEKLY CONSOL SERVICE FROM GERMANY CON-CARRIER 56/87 CON-CARRIER 57/87 ETD GERMANY ETA S PORE a/i 11/2 28/1 18/2 LCL SERVICE TO CARRIBEAN PORTS ST. VINCENT, GRENADA, ARUBA, GRAND CAYMAN,
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    • 745 32 '/7g Mi V CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 *07-*****8 '07-*****3, *****5, *****0, *****1 <02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE i f»M 4'I:T»T J P KELANGI MTHR VSL SfLANDIA TOTMIA ORRKAN OTHER DESTINATIONS AARHUS AMSTERDAM. ANTWERP. BASLE. BREMEN BREMERHAVEN,
      745 words