The Business Times, 20 October 1988

Total Pages: 32
1 32 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, OCTOBER 20, 1988 75 CENTS
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  • 245 1 AFP Dow Jones higher WALL STREET stocks were slightly higher yesterday after giving up most of their early gains. The Dow Jones Average was up one point at 2161 and gainers held a small lead over declining issues. Reuter Footsie up LONDON share prices rose in brisk
    AFP  -  245 words
  • 235 1 THE SINGAPORE stock market staged a mild rally yesterday, spurred by rallies on Wall Street and in Tokyo, but profit-taking pared some of the early gains. Trading was fairly active. The Straits Times Industrial Index rose 3.07 points to 1,019.16. The broader-based Business Times
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  • 113 1 MARKET SENTIMENT for the US dollar remained bearish on world foreign exchanges as the US unit finished weaker against major currencies yesterday. But dealers said the US dollar continued to be supported by a possibility of central bank intervention to stem the dollar's fall.
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  • 487 1  -  By WILLIAM CHIA A COURT RULING that City Developments must pay full compensation to the buyer of an undersized City Plaza shop unit may set a precedent for other claims against developers of commercial property. District court judge Liew Thiam Leng ruled on Tuesday
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  • 570 1 Commodity futures trader faces 1,000 counts of cheating THE managing director of Futurelink Pte Ltd, the Singapore company raided by police last November on suspicion of illegal trading in Hongkong's Hang Seng index futures, was charged in court yesterday with cheating his clients of
    570 words
  • 458 1 SINGAPORE companies can look forward to a maximum of $100,000 in assistance for design needs under a new aid scheme of the Trade Development Board. At present, the TDB provides companies with financial aid of up to 50 per cent, subject to a
    458 words
  • 152 1 AP LEON LEDERMAN and Melvin Schwartz of the US and Jack Steinberger of Switzerland won the Nobel Prize in Physics yesterday, while the prize for Chemistry went to Johann Oeisenhofer, Robert Huber and Hartmut Michel, all West Germans. The physicists were cited for their work
    AP  -  152 words
  • 134 1 AFP PHILIPPINE officials said yesterday that they still did not have enough evidence to file criminal charges against former president Ferdinand Marcos in spite of a Swiss court ruling favourable to their efforts. Commissioner Augusto Villarin of the Presidential Commission on Good
    AFP  -  134 words
  • 484 1  -  By LEE HAN SHIH and CORRINA LIM DBS LAND is making a second go for the Adelphi along Coleman Street, but this time the price is said to be lower than the $83 million it had agreed to pay for the
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  • 152 1 AP THE AMERICAN Chamber of Commerce in Hongkong has called on China to sign international human rights covenants to ensure the confidence of that business community after the British colony reverts to Chinese rule in 1997. Stephen B Hunt, the chamber's vice-president, said that his
    AP  -  152 words
  • Page 1 Advertisements
    • 124 1 n TIEN GOURT H SICHUAN CUISINE ft* King's Hotel Havelock Road Singapore 0316 Tel: 733 0011 i FOR SMALL BUSINESSES At Great Pacific Finance, we help small and medium-sized businesses grow. We're the Small Industries Finance Scheme (SIFS) specialists and we can give you fast, efficient advice on all kinds
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    • 246 1 Full report, PAGE 18 Regional mkts, PAGE 20 World mkts, PAGE 21 Editorial Comment: 12 Negotiated settlement the answer Productivity growth 2 Commerce sector did well in first half US Presidential race 4 Dukakis promises trade surplus in four years Housing loans 5 Approvals-by-computer at DBS Finance One Man's View
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    • 4 1 More stories, PAGE 3
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    • 49 1 TOTAL TRANSPORTATION IA;TIT' Etel:26s-383J CROWN PACIFIC BALLY of Switzerland .meets the challenge of today #01-18, International Building (Next to Lido Theatre), Tel: *****42 #02-55/56/58, Wisma Atria, Tel: *****25 #02-23, Plaza Singapura, Tel: *****29 Opening hours: Monday to Saturday 10am to 9pm Sunday 10.30 am to Bpm pn>-*Js mbm 9>ouc
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  • HOME NEWS
    • 399 2  -  Growth highest in utilities, lowest in construction By TAN KEE WEE PRODUCTIVITY rose 4 per cent during the first half of 1988 slightly lower than the 4.3-per-cent growth registered in the first half of last year. According to the National Productivity Board, the slight
      399 words
    • 372 2  -  By SHOEB KAGDA UNIONIST M Ramasamy, who stood as an opposition candidate in the recent general election, has rejected the advice of his executive committee to resign from his post. Mr Ramasamy is chairman of the Bridgeport branch of the Metal Industries Workers Union (MIWU)
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    • 372 2  -  By WILLIAM CHIA NEW ZEALAND'S biggest company. Fletcher Challenge Ltd (FCL), has set up an operation here to coordinate its oil exploration activities in the region. The operation will be run by Petrocorp Exploration Ltd, a wholly-owned subsidiary which FCL bought from the
      372 words
    • TRADE TALK
      • 76 2 A SEMINAR on intelligent buildings will be held at the Sheraton Towers on Nov 16 and 17. Organised by the Construction Industry Development Board and the Real Estate Developers' Association of Singapore, the seminar will feature speakers from Japan and the US. Discussion topics are divided
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      • 67 2 Pepperl Fuchs open house GERMAN ambassador, Dr Joachim Kampmann, is to be guest-of-honour at an open house on, Oct 22, for staff and family members of Pepperl Fuchs. The occasion is held to mark the company's expansion in areas such as R D, flexible manufacturing system, CIM and surface mount
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      • 83 2 SIEMENS Engineering Services is to hold its pre-Enex seminar at the Pavilion Intercontinental Hotel on Oct 24. Enex-Asia 88 is an international exhibition of electrical engineering products, controls fittings and accessories. Speakers at the pre-Enex seminar will discuss topics relating to technical innovations and development of electronics in
        83 words
    • 292 2 SINGAPORE companies can find opportunities to take part in build-operate-transfer (BOT) projects in the region. Mr Tan Wee Teck, senior development officer of the Construction Industry Development Board (CIDB), told BT that such opportunities are available in Indonesia, Thailand, Philippines, Australia and
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  • Page 2 Advertisements
    • 28 2 i I //f' WU a V Lufthansa German Airlines Contact your travel agent or Lufthansa German Airlines, Tanglin Shopping Centre. 03-01/03. 19. Tanglin Road. Singapore Tel 737 9222
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    • 290 2 Seminars and Courses (EE CAHNERS EXPOSITION GROUP Tel: *****13 Tlx: RS ***** CEGSP Fax: *****66 Nov 30 Colours and its Visual Impact Dec 15-16 Marketing Feb 22-23 •89 Apr 26-27 •89 Jun 28-29 •89 Aug 30-31 "89 Oct 25-26 '89 How to Prepare Strategic Marketing Plans How to Prepare Strategic
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  • ADVERTISING & MARKETING
    • COPY LINES
      • 117 3 The Film Factory J WALTER Thompson s Civil Defence commercial, "Mock Alarm", was selected as a finalist in this year's Clio Awards in New York. The 60-second commercial for the Ministry of Home Affairs was awarded a Certificate of Excellence at the prestigious "Oscars"
        The Film Factory  -  117 words
      • 76 3 BERGER PAINTS has introduced the latest high-tech plastic packaging for its paints for the Singapore market. The new containers, called Paintainers by manufacturer, Reed Plastic Containers, will also feature in a $500,000 advertising and promotion campaign. Vinyl Silk, Berger's emulsion paints range, now comes in
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    • 165 3 AP DAILY MAIL and General Trust PLC, a British investment company, said it has agreed on Monday with Associated Newspapers Holdings PLC to acquire the 50.05 per cent of the British printing and publishing company it doesn't already own. The investment
      AP  -  165 words
    • 147 3 AFP THE FRENCH Association of Fashion Journalists (AJM) has given its annual "Golden Pen'* award for fashion coverage to the US edition of Elle magazine. The award, sponsored by Parisian jewellery firm Chaumet, was handed to the editor of the magazine at a
      AFP  -  147 words
    • 256 3 SUCCESSFUL PRODUCTS are a "creative match" between market needs and technology, said Mr John Fisher, technical director of UK-based PA Technology. Mr Fisher, who spoke during the First International Design Forum yesterday, highlighted the features of successful products and
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    • 409 3  -  By GENEVIEVE CUA HOW CAN the government bring professional design into small and medium-sized companies? Finding the way into such companies would be a major step forward for Singapore in its design promotion efforts. Mr Eric Forth, UK Parliamentary Undersecretary of State for
      409 words
    • 410 3  -  By MONICA GWEE SINGAPORE design students are capable of anything a Western student can do, but local expectations of them are low. "I believe that students reach the standards according to the targets you set, and you must set high targets." said Mr Frank
      410 words
  • Page 3 Advertisements
    • 68 3 sspMi BRAKING WITH TRADITION. ;^-v, v V /I w, V-;. "*V^| -V t- < W' :v "f 1 V pas§§Ml?^ rm Malayan Motors A Division of Wearnes International (Pte) Ltd 45 Lerig Kee Road. Singapore 0315 Tel: 473 7755 tv •>-. vMm •~r~ ■fc v*3 m a ■B /i ri*
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  • OVERSEAS
    • 525 4 AP UPI DEMOCRAT Michael Dukakis said on Tuesday that Republican policies caused last year's stock market plunge, and he promised big economic changes to avoid another one. Mr Dukakis, speaking to a university audience in Michigan, said: "We've got to end the Republican
      AP; UPI  -  525 words
    • 357 4 Reuter THE EUROPEAN COMMUNITY has a dwindling number of allies in its opposition to global farm trade reform and the United States hopes the EC becomes more isolated, US Trade Representative Clayton Yeutter said. "The community is becoming increasingly isolated
      Reuter  -  357 words
    • 255 4 Reuter SENATE REPUBLICAN leader Robert Dole questioned how the money would be found to implement an accord under which the United States would continue to use military bases in the Philippines. Under the agreement the US will continue to have use of
      Reuter  -  255 words
    • 245 4 AP MORE THAN 75,000 Malaysians will lose their jobs if the United States accedes to American labour union demands that it withdraw tariff preferences for Malaysian exports, an official says. M Gnana Pandithan, parliamentary secretary to the Trade and Industry Ministry, told Parliament
      AP  -  245 words
    • 81 4 AFP MALAYSIA'S founding father and former prime minister Tunku Abdul Rahman has denied that he is involved in a business deal with a Taiwanese car manufacturer, press reports said yesterday. The English-language daily The Star quoted the Tunku as saying that he had "never indulged
      AFP  -  81 words
    • 262 4 AP BURMA'S major opposition party announced on Tuesday its intention to end a quarter century of isolationism. open up the country to foreign investment and replace the rigid socialist economy with free enterprise. In a nine-page policy statement, the National League for Democracy said
      AP  -  262 words
    • 222 4 AFP SPIRALLING consumer prices, as firms seek maximum profits under the new Soviet economic reforms, are angering housewives and worrying authorities. The increases, condemned at last week's Communist Party Politburo meeting, have since been widely debated in the press, which has been flooded
      AFP  -  222 words
    • 181 4 Reuter THE UNWILLINGNESS of the European Community to consider eliminating all trade-distorting farm subsidies is threatening world trade talks. Australian Ambassador in Washington, Rawdon Dalrymple, said. "Its (EC's) stated lack of preparedness to contemplate the elimination of agricultural trade-distorting measures over any period of
      Reuter  -  181 words
    • 912 4 ARRIVALS Operator anfira dtrvici Local From number tkn* IAC IC355 0655 MAA su SQ49I 0725 8WN su SQ411 oeoo 80M MAS MH640 0620 KUl MAS MH651 0910 PEN MAS MH607 0920 KUl ACA AC888 0925 YYZ/LHt/IOM SU SQ103 0950 KUl CPX CX710 0955 CGK GU GA975 1055
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  • Page 4 Advertisements
    • 65 4 arami s Is it going to rain today? YOUR FREE GIFT THE ARAMIS UMBRELLA With any $35 purchase of Aramis, Aramis 900 or Aramis Devin fragrance and grooming collections. One to a customer, while supplies last. From now till JUS a 30 October 1988 only. wH II n T 3S*
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    • 178 4 f I Ifl 1a The business person's choice, every I I II I |l 1 Tuesday. Thursdoy, Saturdoy'ond I I 1 11 \l I 1 I Sunday. Leaving Changi Airport at I yyX \V_yl 1 A 22:05 hours and arriving at Lester B. Peorson International Airport the following day Call
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  • Page 4 Miscellaneous
    • 36 4 Doonesbury WORST CASE SC3NAHO, PART 3. BY GARRY TRUDEAU OH, 6000 MORNIN6, MR. PRESIDENT. GUESS WHAT* I JUST RAN MY FIRST NATIONAL SECURJTY COUNCIL. MEETING I 1111 UH... HOU/P IT GO, SIR? -QmLrl m 'I'M eg®
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    • 69 4 \£M3 Singapore OUTLOOK: Sliowera oeec tear wm In Vw afternoon and early (•port for 24 hours prior to 7.30pm on Oct 19 at HelnleM Ma mSt M.7 Rainy days Ma nrtte t Nossou wi r\.a.i rifw uvini Now York Nicotic Olio Porh Porttl Rio 'Janeiro Rome Son Frts'co San J
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  • BANKING AND FINANCE
    • 412 5  -  By ALVIN TAY FROM tomorrow, prospective customers of DBS Finance will be able to obtain in-principle approvals for their housing loan applications within half an hour, thanks to a specially-designed computer system. The system, called Expert System Processing (ESP), is also able to
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    • 262 5 AFP AMERICA'S largest banking group and a major investment house have both reported declining profits in the third quarter, countering an upward trend set by four major banks. Citicorp said on Tuesday that its third-quarter net earnings were off 25 per cent, compared to the
      AFP  -  262 words
    • 253 5 Reuter THE US DOLLAR is likely to fall to 120 yen or below by the end of 1989, while remaining relatively buoyant against the West German mark and sterling, according to Goldman Sachs's chief international economist David Morrison said: "In
      Reuter  -  253 words
    • 1227 5 SINGAPORE: The US dollar yesterday closed mixed against most major currencies. Against the Singapore dollar, the US dollar closed slightly firmer at 2.0172/82 in moderate trading. It traded within a range of 2.0174 and 2.0195. It opened at 2.0165/75. It closed easier at 126 90/127.00 yen compared with
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    • 183 5 Indicate* the ivtrtQt of in# pnrnf *****09 rnw w 12 major banks In S'pora r Interbank market rates (offer/bid) on Oct 19 us$ 7 doyt 3 3/8 1/4 1 at 3/8 1/4 3 Mh 1 5/1 1/J AM* n/l-l/J 12 Mk a 3/4 J/a u 1/4— 1/a
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  • Page 5 Advertisements
    • 137 5 A CREDI > g|| i «s r r mss' r v v v k SINGAPOREANS s#MreHFi -J% <ip mmT- »>■ W»« S3 ---.A r U4 m t f«i •9 m t« r t iaJt H ~JT, r:; L^e :£t Ihc UOB VISA Premier Card. The Card of a Nation. A
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  • MONEY AND EXCHANGES
    • 185 6 IMM currency futures were mixed at the close after some contracts trimmed gains late in the session on Tuesday. Prices drifted lower amid confused sentiment over the course of the dollar. The threat of intervention to support the US currency weighed on values. But traders noted that recent US
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    • 281 6 ASIAN DOLLAR deposit rates ended unchanged from opening levels in quiet trading yesterday. Operators were waiting for yesterday s release of US September housing starts and tomorrow's September consumer price index and real earnings to provide the market with some direction. Short-dates and term rates were steady
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    • 164 6 Gold futures on Oct 18, 1988 100 troy ounces; USS par troy ounce Op >ii Mgh Lew SeOe Oct 412.60 412.60 412.60 411.80 -a 40 Nov 41X00 -0.40 Ok 4)5.30 417.00 41X70 415.10 -0.40 Fab 420.10 422.00 419.30 420.30 ■OM) Apr 426.00 426.40 425.00 423.40 -0 50
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    • 213 6 FT THE BANK of France increased its money market intervention rate on Tuesday by a quarter point to 7-1/4 per cent in defence of the franc, which has come under pressure as a result of strikes in the public sector and the rise of
      FT  -  213 words
    • 494 6 DECEMBER Eurodollar futures opened one tick higher on Simex yesterday than the previous closing levels at 91.37 as a result of a steep drop in oil prices in overnight trading. However, trading range was locked within a tight range of 91.37 to 91.39 in the December contract due to
      494 words
    • 204 6 FT A SENIOR minister in the Luxembourg government on Tuesday revested that the poeaibility of tighter supervision over holding compsnies in the Qrsnd Duchy is being considered in the wske of the Bsnk of Credit end Commerce International (BCCI) affair. Mr Jacques Poos, Luxembourg's finsnce and
      FT  -  204 words
    • 121 6 Reuter CENTRAL bank authorities of four European countries have been examining the activities of Bank of Credit and Commerce International (BCCI), indicted in the US on charges of conspiring to launder profits of drug sales. A spokesman for the Swiss Banking Commission said it and other banking
      Reuter  -  121 words
    • 161 6 Reuter MEXICO says a US offer of an emergency US$3.5 billion bridging loan to help it over a slump in oil revenues augurs well for future bilateral ties. It also indicated it was negotiating with the World Bank and International Monetary Fund for further loans. A
      Reuter  -  161 words
    • 56 6 THE OVERNIGHT rate on the Singapore money market fell 1/8 point to close at 5 per cent yesterday. Short term rates were unchanged across the board. S$ Interbank rat*s at the dos« yesterday: om ho <*** 3 4 7/t 3 3/1* 3 1/16 2HMH* 3 1/4 s 3
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    • 114 6 Treasury bills Period Issue Yesterday's dosing Day's code Maturity KID OFFW KMGH LOW 3 iikmiHb &Q*****S 12.01.89 4.33 4.28 4.45 4.25 6 mmirtu BY*****Z 23.03.89 4.62 4*7 4*2 4*6 1 yeor BY*****S 20.07*9 4*8 4*3 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code
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    • 1195 6 CURRENCY FUTURES OPTIONS W*dn*fdoy, Oct 19, 1988 OCUTKHUUMt 1 M* 9m 99 MNi La* Oaa Mm 99 pan MM LOB OaR S3 53 54 55 M 167* 31 M* 30A OMNnII Lmm 163 30 •90 1 Mgi 2IA >M«PNM Lw CA9 CA9 4 21 53 53 54 55 56
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  • Page 6 Advertisements
    • 84 6 The German experience with the Baron's distinction —> 5 A <y r~~. *< S Vsfc 4* Experience the timeless pleasures of dining on authentic German cuisine; specialities from the Barons own smokehouse and roast spit. Or on international ala carte cuisine. 'qW Vi 2 T At the Barons Table. BAMVS
      84 words
    • 40 6 To put in your nominations for Singapore's Businessman of the Year Award and the Enterprise Award. n rrn BUSINESSMAN OF THE YEAR AWARD AND ENTERPRISE AWARD WOOI owtot fjrmtt€is Jointly organised by Business Times and DHL International (S) Pte Ltd
      40 words

  • Page 7 Advertisements
    • 386 7 When you're considering the possibility of a merger, an acquisition or a divestiture, good prospects are few and far between. And even with a good prospect, the right opportunity can be a fleeting one. If all of the many resources required to complete the deal aren't at your immediate disposal,
      386 words

  • PERSPECTIVE
    • 517 8 THE DECISION of 20 foreign banks to head straight for the arbitration court to have their wage pacts modified and renewed has sparked off a row that is threatening to turn ugly. The union representing some bargainable staff of these banks, the Singapore Bank Employees Union, is
      517 words
    • 1145 8  -  w wmy&ir By SEAH CHIANG NEE GEORGE BUSH or Michael Dukakis is going into the history book next month as one of a rare breed of men who will blow about US$375 million trying to become the President of his country and failing. That
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    • 1015 8 Agencies "IT WAS NOT until now that we discovered his greatness,'' a member of the Nobel Award Committee said of Maurice Allais, who has been named winner of this year's Nobel Prize for Economics. Mr Allais, 77, has been described as the Father of
      Agencies  -  1,015 words
    • 977 9  -  E3L_ I MALAYSIA I BUDGET. 89 The 1989 Malaysian Budget, due tomorrow, is expected to feature a cut in the corporate tax rate to attract more foreign investment. But, simultaneously, the government wants to maintain prudent fiscal measures to ensure that expansionary effects
      977 words
    • 814 9 The rising US prison population has forced some state governments to turn to the private sector for help. As a result, the private prison industry, which did not exist 10 years ago, is growing rapidly, with half a dozen firms
      AFP  -  814 words
  • Page 8 Advertisements
    • 210 8 k. fig THE FIFTH INTERNATIONAL m'--L EXPOSITION OF QC CIRCLES SINGAPORE lEQCC '88 15-17 NOV 1988 WESTIN STAMFORD (RAFFLES CITY, STAMFORD ROAD) lEQCC '88 promises to be a truly exciting event. Participants will be able to hear first-hand, experiences of successful QCC organisations, both local and overseas. Come and see
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  • Page 9 Advertisements
    • 94 9 HOW A QUICK. INFORMAL LUNCH CAN CREATE A LASTING IMPRESSION. f 3 --4 f A i V A jf V? J&. M-.. There is the business lunch Then there is the business lunch at Maxim s, where you can savour French splendour in a relaxing style Whether you select a
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  • Page 9 Miscellaneous

  • COMMODITIES
    • 405 10 UPI THE WORLD rice trade is forecast to expand to 12.4 million metric tons in 1989. aided by high wheat prices caused by the drought, the US government said in reporting large US and world rice crops. The US crop, estimated at 4.98 million
      UPI  -  405 words
    • 160 10 Bernama THE Malaysian government does not regard the possibility of Brazil replacing Malaysia as the world s largest producer of tin within the next few years as a major issue. Deputy Primary Industries Minister Datuk Alias Ali said yesterday that the government only wished
      Bernama  -  160 words
    • 306 10 Reuter MAJOR OPEC nations seeking to reverse the biggest oil price slump since 1986 hope to lay the groundwork today for a major new production pact, but first they must overcome years of enmity between Iran and Iraq. The 13-nation cartel, in disarray
      Reuter  -  306 words
    • 110 10 Bernama THE US can emerge as a major producer of liquefied natural gas (LNG) using the vast natural resources from the north slope of Alaska, the vice-chairman 'of Yukon Pacific Corporation. J Horn, said in Kuala Lumpur on Tuesday. Presenting a paper on
      Bernama  -  110 words
    • 104 10 Reuter THE IVORY COAST tripled cereal production in the period 1960 to 1984. but has faced problems recently in the rice and maize sectors, the official Ivorian daily. Fraternite-Matin, said. The newspaper said: "Problems still exist for the development of rice cultivation and
      Reuter  -  104 words
    • 233 10 HONGKONG: Closed TOKYO: Yen-denominated gold futures yesterday closed 12 to 15 yen per gram weaker in light trade. Weakness in world crude oil prices on Tuesday and profit-taking following gains earlier this week pulled prices down. But selling was limited due to uncertainty over the outlook for both
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    • 267 10 SINGAPORE: Rubber prices closed higher yesterday, with November RSS 1 buyer quoted at 207.00 cents a kg. Prices were higher in the morning on some speculative short covering and continued to rise slightly in the afternoon following firmer Japanese rubber prices and some short covering in moderate trading. On
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    • 284 10 RAS prices In S cent*/kg, fob In ball >• NOON CLOSE Buyers Sellers Buyers Sellers kit 1 RSS Prompt 203.50 204.SON 206.00 207.00N kit 1 RSS Nov 88 204.50 205.50N 207.00 208.00N Int 1 RSS Dec 208.50 209.50N 211.00 212.00N kit 2 RSS OP 202.00 204.00N 204.50
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    • 77 10 (cants/kg) NOVEMBER 1988 DECEMBER 1988 (currant month) (forword month) RAS NOON tvyrt S*ll*ri NOON tvyn S*ll*rt SSB 20 198.00 200.00N 198.00 200.00N SS« 50 196.00 198.00N 196.00 198.00N MRELB lwy*n S*il*rt •vyan Srfi™ SMR CV 299.00 301.00N 301.00 303.00N SMR I 290.00 292.00N 292.00 294.00N SMR S
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    • 170 10 Telerate FUEL oil prices slipped in response to a sharp drop in crude prices. Sentiment was bearish and the latest reports on high Saudi and UAE production levels were likely to add further downward pressure on prices. Traders remained caution ahead of the Opec price committee
      Telerate  -  170 words
    • 98 10 A SLIDE in soymeal futures sparked mixed selling in Chicago Board of Trade soybean futures and drove them to new session lows and a weak close on Tuesday. But losses were limited by steady crusher buying amid profitable crush margins. Prices finished off two to 5-1/2 cents a bushel
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    • 95 10 HEAVY selling by professional, commission and local houses pushed Chicago Board of Trade wheat futures to new session lows late and a sharply lower close on Tuesday December dropped below U554.25 a bushel. Prices fell 7-1/4 to 3/4 cents a bushel. Spot December ended off 7-1/4 cents at U554.23
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    • 192 10 A LOWER ottering of 68 tonnes yesterday against 122 on Tuesday helped the KLTM pick up another five cents to M 519.65 a kg. A broker said, "The sharp decline in turnover was due to some miners holding back disposals in anticipation of a better level later this
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    • 426 10 MALAYSIAN CRUDE PALM OIL FUTURES yesterday recovered to close off the day s lows on late covering and speculative buying, prompted by talk that Pakistan will seek RBD pa.m oil for first half November shipment today. Trading was reduced amid operators' caution after a two-day rally January closed
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    • 238 10 Chinese Produce Exchange Sellers' noon dosing prices on Oct 19 (S$/100 kg) Coconut oil Bulk FOB 118.00 Old drum FOB 128.00 New drum FOB 132.00 Copra Mixed (loot*) 69 sellers Pepper Muntok white FOB NIW 542.50 Sarawak white FOB foq NIW 532.50 Sarawak ipecial block FOB NIW 312.50
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    • 176 10 London Commodity Exchange Buyer/Seller doting prices on Oct 18, (£/tonne unlets specified). Previous doting pricet in parenthetit. Coffee Basis in-store London, sellers option CIF London Nov 1146/1148 (1133/1134) High/Low 1136/1135 Jon 1143/1144 (1137/1138) High/Low 1145/1130 Sales (2589) Cocoa Dec 797/798 (775/777 High/Low 801/765 Mor 795/796 (780/781) High/Low 797/766
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  • Page 10 Advertisements
    • 77 10 T T; I The New Paper brings you Moneywords, each day of the week from Monday to Saturday. Just fill in the missing letters with the aid of clues provided and send in the set of 6 coupons at the end of each week. An all correct entry wins the
      77 words

  • Page 11 Advertisements
    • 448 11 A little temptation for the power-hungry Introducing the COMPAQ DESKPRO 386/20e a 386 20MHz PC in a new compact form. In a smaller, compact form that fits in more areas, the new COMPAQ DESKPRO 386/20e is a 20-MHz 386 personal computer built to satisfy the increasingly sophisticated needs of the
      448 words


  • Page 13 Advertisements
    • 303 13 l J NH -ifenN as -Ailira •«a K2»r* •-J m *At ■n October 19tli to 26th, 1988, from 10.30 am to B.oopm at Gerald Genta Geneve Showroom, Scotts #01-11. From the Complications collection a Gold Gold skeleton perpetual calendar minute repeater The Grand Sonnerie W: *Zf Q s v t
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  • LEISURE
    • 810 14 IHT THE CENTRAL importance and achievement of David Hare, whose seventh and latest play for London's National Theatre is The Secret Rapture, lies in the way that he seems uniquely prepared to write of the human cost of current British politics. Among his major contemporaries,
      IHT  -  810 words
    • 1114 15 LA Times HOW IS THIS for a claim to be reckoned a man of letters? In preparation for the latest of his bountiful output of novels, Leon Uris, author of Exodus, Trinity and many more, went through a pile of family correspondence whose volume he estimates
      LA Times  -  1,114 words
    • 258 15 Reuter THE PRIORESS of a Carmelite convent in the US said on Tuesday she wanted reconciliation with five nuns who barricaded themselves in to protest against her introduction of such modern-day items as television, music and snacks Mother Teresa Hewitt, speaking to the press for the
      Reuter  -  258 words
  • Page 14 Advertisements
    • 802 14 Where to entertain. MING COURT HOTEL DIAN XIN BUFFET t 0" J# t> Our Dion Xin buffet lunch spread will also include authentic Cantonese dishes like Braised Beef Brisket in brown sauce, Red Braised Chicken in vinegar, Fried Black Fungus with shredded meat Enjoy rich wholesome Dian Xin specially prepared
      802 words
    • 190 14 •beefsteak •root rib df beef I K i Singapore 0923. Td: *****11 K.L.'s Most Famous Breakfast ROU-GU-CHA (Claypot) 6.30 am 12.30pm Served right in the comfort of a cosy hotel environment with aromatic Chinese tea brewed in your very presence Caimhiil Motel s location in the heart of lour yet
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  • Page 15 Advertisements
    • 179 15 Traditionally Japanese. Traditionally Unkai. Sample the delicacies of Japanese cuisine, sushi, sashimi and teppanyaki Four tatami rooms are available for private parties Located on the 2nd floor Open 12 noon to 3 pm 6 30 pm to 11 pm Free valet parking. Centurv Park Sheraton Singapore 16 Nossim Hill Smgopore
      179 words
    • 51 15 lake jro A A M V VA A m, w f ULLV QUALITY vA'unro (py^y\Bj frJflP guarantecd FINEST SCOTCH WHISKY BLENDED BOTTLCO BV (/roryrAt/Zauii/tf 6r cJon. l£jtn//ed -/hi/z/Zm —£/)f/HiAar/oH. cfcof/aru/ PHODUCT Of SCOTLAND 01 IMPOT OtIH AUKO ftALKFR DISTRIBUTORS S(M BHO 40 JAtAN Pf NCHAIA PtTAjNG JAYA MALAYSIA THE SUPERB
      51 words
  • Page 15 Miscellaneous
    • 653 15 mm 2 3 I Mi u u 123 124 25 CRYPTIC PUZZLE ACROSS 1 Isn't this visitor the chap who phoned? (6) 7 It's usual for Dorian to go astray on the railway (8) 8 Racing tours arranged for pals (4) 10 Wondrous forename? (6) 11 It's very largely south
      653 words
    • 1204 15 t3 iUi) u Walking tall "T A i REAGAN ON REAGAN Walking Tall B.oopm, Channel 12 Many a man has toppled in the face of controversies but Ronald Reagan has survived them all. This programme takes a look at the US President's adept use of the television media which, when
      1,204 words

  • SPORTS
    • 479 16 McGwire man of the moment AP MARK MCGWIRE knew it was gone and Jay Howell knew it was over. McGwire hit a home run with one out in the bottom of the ninth inning off Howell to give Oakland a 2-1 victory over Los Angeles on Tuesday, cutting the Dodgers'
      AP  -  479 words
    • 206 16 UPI SWEDISH POLICE said on Tuesday world high jump champion Patrik Sjoberg was innocent of allegations he had bought performance enhancing drugs from a drug ring busted late last month. A member of the biggest drug ring in illegal hormones ever cracked in Sweden
      UPI  -  206 words
    • 416 16  -  By CHARLES SAVAGE SOMSAK SRISANGA of Thailand lost two strokes on the back nine but carded a three-under 69, to lead by one stroke on the first day at the Singapore PGA Open. Playing under ideal conditions on a warm sunny day at
      416 words
    • 420 16 AP GREG NORMAN of Australia, the world's No 1 golfer, defended appearance payments for players on Tuesday in the face of controversy over a proposed levy on Australian golfers. Norman, in Sydney to compete in the New South Wales Open starting today, said he
      AP  -  420 words
    • 338 16 AP TOP-SEEDED Stefan Edberg of Sweden crushed American Todd Nelson 6-2, 6-2 yesterday in the first round of men's singles in the Seiko Super Tennis tournament. "I hit the ball well and moved well, the 1988 Wimbledon champion later told reporters.
      AP  -  338 words
    • 519 16  -  Irankly, speakinq... by Walton Morais TUESDAY'S news that US swimmer Angel Myers has been stripped of her records for steroid use raises the question of whether the same should be done, but retroactively, for Ben Johnson's Rome world record. I know, I know. So
      519 words
    • 339 16 AP THOMAS HEARNS will not get a shot at a fifth title because of a rib injury to Fulgencio Obelmejias. promoter Bob Arum said on Tuesday. Hearns was to fight Obelmejias, of Venezuela, in a scheduled 12-round bout for the World Boxing Association super
      AP  -  339 words
  • Page 16 Advertisements
    • 128 16 -1 "The new TPS" iron. having "abagfuL, of 84ronsl J the easiest sI TPS ir^ ns n ,n ft die new mvestmenur^ Powerßilt are ofere ~H i ron confidence through lomole.thisisa P... r u!ha "buzz pbra*improvemeni c nelhal finally ia sssr—«bsst X,*,si 20% more l s tra< Jeep moreba^g" rSJ3'-
      128 words
    • 42 16 Tfeppanyaki Set Lunch For Only $16 1 mm At Kampachi, our sumptuous Teppanyaki meal leaves you coming back for more. Our restaurant, reputable for Its superior quality in food and impeccable service is bound to please. Vr- ij- l j A<vfc 9
      42 words

  • COMPANIES & STOCK MARKETS
    • 335 17  -  By CORRINA LIM ALTHOUGH APPROVAL from the Stock Exchange of Singapore is still pending, most of the 20 million new shares which City Developments Ltd is planning to issue have already been precommitted with fund managers. Sources said 18 million shares were placed
      335 words
    • 292 17 AFP AUSTRALIA'S richest man before last year's stockmarket crash Robert Holmes a Court has made a surprise return to the corporate arena with a play to become the country's biggest beef producer. Mr Holmes a Court former head of the Bell empire. announced a A
      AFP  -  292 words
    • 937 17 Current b ■coin Dale ToM lor ToM tor payment Ma doe* peyab+a ■m year tool year Asiatic Dev 2%«> Oct 12 Oct 26 Nov 21 2% 5% Austral Amal 15% Oct 7 Oct 21 Nov 8 25% 15% Ayer Hltam Rub 17*%lbl Oct II Oct 25 Oct 31
      937 words
    • 541 17  -  Insider Trading Trial ALLAN NG THE KUWAIT Investment Office (KIO), which purchased a 10.7 per cent stake in Malaysian Pacific Industries (MPI) recently, has increased its vested interest in conglomerate Sime Darby Bhd. KIO, the investment arm of the Kuwaiti government, now
      541 words
    • 340 17 SES PRESIDENT Lim Choo Peng yesterday reiterated the exchange's stand that there can be no public announcements on applications for a relisting of shares. Mr Lim said this was because such announcements would cause speculation that relisting was a foregone conclusion and thus lead
      340 words
    • 574 17 MBT US-BASED John Hancock Mutual Life Insurance s acquisition of a 29 per cent stake in British American Life General Insurance (Balgi) is expected to be completed by December. Senior vice-president Derek Chilvers said in Kuala Lumpur that the company, which is based in
      MBT  -  574 words
    • 216 17 ISLAND ft PENINSULAR Bhd: Group profit after tax and minorities of M 51.84 million ($2.21 million) on turnover of $33 million ($32.8 million) for the six months ended July 31, 1968 Earnings per share is 2 cents (4 cents). A first interim dividend of 6 per cent less
      216 words
    • 245 17 HIAP MOH Corporation Ltd's shareholders will be able to start trading their shares on Sesdaq tomorrow. It will be the 12th company to be listed on Sesdaq since the second-tier stock market was launched in February last year. Singapore's leading paper merchant and stockist
      245 words
    • SES
      • 1070 18 AFTER TWO straight days of rally on the local bourse, cautious investors mindful of the October Crash decided yesterday it was time to lock in their gains and took profits. The Straits Times Industrial Index, which rose to an intra-day
        1,070 words
      • 164 18 DMIB Berhad: 27th AGM at 4 Jalan Tandang, ***** Petaling Jaya, Selangor Darul Ehsan, on Oct 25 at 11am. SIM UM FINANCE Limited: 24th AGM at 10 Jalan Besar, #17-01, Sim Lim Tower, Singapore 0820 on Oct 26 at 11.20 am. SIM LIM INVESTMENTS Limited: 24th AGM at
        164 words
      • 56 18 Company RIGHTS ISSUE S N P One-for one 20 per shore Exdote Od 18 Books dose; Oct 20 Company OTHERS N O I Non-renounceoble and non-transferable preferential offer of 1 Irredeemable Convertible Cumulative Preference Shore (ICCfSI tor every 10 ordtnory shares held at IS per fCCfS E» dote
        56 words
      • 288 18 Company RIGHTS ISSUE C 1 Holdings 27 million loan stocks in the ratio of $3 loon Stock tor every five ordinory shores held D C Bonk One-for-two |075 per shore Duta Cons One-for one $1 10 per shore FACB One-for-one $040 per shore General Corp Issue of $49,204,936
        288 words
      • 5581 18 Gr's Gr's M Cap 1988 Tel Last Dlv Dlv Y'W Net Vol Day Last Quote High Low Cod* Company Sale or- C'VT P/E fOOO) High Low Buyer Seller $mll OCT 1t SESDAQ 187 114 1 4000 Amtek Eng 20c 127 2 10.0N 7.1 1.5 9.0 12 127
        5,581 words
    • KLSE
      • 3335 19 THE Kuala Lumpur Stock market yaatarday continued ita upawing for tha third conaecutlva aaaaion on light buying aupport but ahara pricaa finiahad off tha day'a high aa profit-tak-ing aet in to cut early gaina. The better performance waa in line with the buoyant mood on
        3,335 words
    • REGIONAL MARKETS
      • 509 20 Up to 100 per cent of airline may be sold Reuter BRITISH AIRWAYS PLC and EIE Development Co Ltd, a Japanese investment group, are still interested in taking a stake in Air New Zealand Ltd. Bidding for the New Zealand national
        Reuter  -  509 words
      • 359 20 Reuter MALAYSIA AIMS to become a major tyre producer but low domestic demand, poor export performance and a lack of technology are hampering development, an industry official has said. The country is seeking more joint ventures with foreign firms and wants to spend more
        Reuter  -  359 words
      • 323 20 Reuter CHINA HAS reassured foreign investors that they would not lose money through any break-up of the state-owned company Kanghua in the campaign against irregular business practices. The official New China News Agency said China Kanghua Development Corporation would carry out "all unfulfilled economic
        Reuter  -  323 words
      • 140 20 AFP BOND CORPORATION, the world's fifth biggest brewer. based in Western Australia, is considering a brewing operation in China. Its chief. Alan Bond, told the corporation's annual meeting in Perth yesterday that research on the feasibility of such a project was continuing. "It
        AFP  -  140 words
      • 519 20 Australia Reuter THE AUSTRALIAN share market closed higher yesterday as industrial stocks were boosted by a positive balance of payments figure, brokers said. One broker said the narrower September current account figure of As99o million helped turn the market around from its soft opening and was especially
        Reuter  -  519 words
      • 170 20 Reuter THE SECURITIES Exchange of Thailand Index roee 0.37 points to 441.12 yesterday on a turnover of 7,326.381 shares worth 494.39 million baht. OCT 1t 1 IAHT b Ao Kham Thai 404 4 Ayudhya Invaatmant 430 4 Bangkok Agro-lnd 107 -1 Bangkok Bank 295 unch Bank Of
        Reuter  -  170 words
      • 454 20 Reuter FALLING TAIWAN share prices yesterday forced the island's stock index sharply lower for the seventeenth straight session, dealers said. The weighted index lost 130.7 points, or 2.1 per cent, to close at 5.847.38 against Tuesday's 5,978.08 close. Turnover shrank to a mere NTS72O million compared
        Reuter  -  454 words
      • 107 20 Reuter SHARE PRICES in New Zealand yesterday posted modest gains on the first anniversary of the global crash and brokers said the market had a positive tone. "I don't think most people thought about it (the crash). It is about as relevant as asking if it
        Reuter  -  107 words
      • 596 20 Tokyo Reuter TOKYO SHARE prices yesterday gained on the eve of the anniversary of the 1987 October market crash, but trading was slow, brokers said. •"The market is up because New York hit a new post-crash high," said one broker. "It's encouraging to see the market on
        Reuter  -  596 words
      • 143 20 Reuter SEOUL SHARE prices yesterday rose in active trading buoyed by peace overtures from President Roh Tae-woo to North Korea at the United Nations General Assembly, brokers said. The composite index rose 10.93 points to close at 728.10 on turnover of 308.6 billion won against Tuesday's 230.9
        Reuter  -  143 words
    • WORLD MARKETS
      • 854 21 New York Reuter BLUE chips rose to a new post-Crash high on Tuesday, a day before the one-year anniversary of Black Monday, buoyed by a flurry of short-covering and some programme buying. Traders said news of the US$ll.5 billion bid for Kraft by Philip Morris helped
        Reuter  -  854 words
      • 1018 21 London Reuter LONDON SHARES yesterday marked the first anniversary of the global stock market crash with a steady to firm opening, following the trend on Wall Street overnight, dealers said. The FTSE 100-Share Index opened 2.8 points up at 1,859.8, compared with the Oct 19, 1987 closing
        Reuter  -  1,018 words
      • 2011 21 Reuter ZURICH: Swiss shares marked the anniversary of the crash by closing at the year's high yesterday. Prices firmed across the board, pushing the allshare Swiss Index 6.8 points higher to 930.2. The market was supported by the higher close on Wall Street, the stable dollar and
        Reuter  -  2,011 words
      • 576 21 Tussle with Philip Morris in the offing Agencies AMERICAN leveraged buyout firm Kohlberg, Kravis, Roberts and Co (KKR) is believed to be interested in Kraft Inc. the target of an US$ll.5-billion bid by Philip Morris Cos Inc. Wall Street sources said yesterday. The
        Agencies; Source: A Punch cartoon  -  576 words
      • 360 21 Reuter PILLSBURY COMPANY probably rejected Grand Metropolitan PLC's US$6O a share bid in the hope that an improved offer by a white knight will emerge, analysts said. But this is not likely to happen. Analyst Ron Morrow at Smith Barney said. "The rejection of the
        Reuter  -  360 words
      • 386 21 FT LONRHO, the international trading group headed by Tiny Rowland, said it understood that 4.13 per cent of its shares had been acquired by companies associated with the Bond Corporation, the Australian group headed by Alan Bond. Lonrho said on Monday it believed a much
        FT  -  386 words
  • Page 17 Advertisements
    • 100 17 Financial Newsmakers QGD PIERSON, HELDRING PIERSON N.V. Amsterdam The Netherlands is pleased to announce the opening of PIERSON ASIA LIMITED #31 -04/06 Shell Tower 50 Raffles Place Singapore 0104 PIERSON ASIA (H.K.) LIMITED 3301 Gloucester Tower The Landmark Hong Kong Managing Director: Mr. Edmund K.M. Lee Managing Director: Mr. Frank
      100 words
  • Page 17 Miscellaneous



  • Page 20 Advertisements
    • 599 20 NOTICES LOST SHARE/STOCK/TRANSFERABLE SUBSCRIPTION RIGHTS 1993 (TSR)/WARRANT CERTIFICATES The following Share/Stock/TSR/Warrant certificates/* together with the relevant signed transfer deeds have been reported lost or destroyed:ANA HOTELS SINGAPORE LIMITED Certificate No. In the name of No. of Shares/Stock/ TSR/Warrants *****69 ******01 Loh Ah Siew Mdm Chan Kam Cheonq Mr 1 x
      599 words
    • 513 20 In The Matter of The Companies Act Cap 50 And In The Matter of HUATAUNG CONSULTANCY PTE. LTD. (In Voluntary Liquidation) Members' Voluntary Winding Up. At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at Blk 86 #04-308 Marine Parade Central, Singapore 1544
      513 words
    • 390 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 JONQUIL INVESTMENT PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held on Friday, 14 October 1988 at 10.00 a.m., at 10th Floor Plaza MBF Jalan Ampang Kuala Lumpur 04-07 Malaysia. the following special resolution
      390 words
    • 111 20 Firefly Summer A WISE AND FUNNY NEW NOVEL BY nil Firefly Summer tells the jjf story of tangled emotions and changing times in Mountfem. a s\Ti v small. sleepy. peaceful l ns h town It all begins with the A_ I. V arrival of a big man. with a dream
      111 words

  • Page 21 Advertisements
    • 49 21 This announcement appears as a matter of record only. OCK Group of Companies |Li Grace Development Pte Ltd S $80,000,000 Guaranteed Multicurrency Revolving Term Facility To purchase The Adelphi Hotel and Shopping Complex Arranged by ARAB BANK LIMITED 6 October 1988 i;-. it,, v -T > ARAB BANK LTD SINGAPORE
      49 words

  • LATE FILE
    • 34 22 Reuter JAPAN'S major corporations see the economy slowing down considerably in early 1989, according to survey results of the nation's six major chambers of commerce and industry. Reuter
      Reuter  -  34 words
    • 60 22 AFP A EUROPEAN Community report estimated that its GDP would expand by 3.5 per cent this year, compared with 3.9 per cent in the US and 5.6 per cent in Japan. In 1989, EC growth would slow to 2.75 per cent, compared with Japan
      AFP  -  60 words
    • 37 22 Bernama MALAYSIAN Information Minister Datuk Mohamed Rahmaf clarified yesterday that electronics workers are only allowed to form in-house unions and not a union to represent their trade as a whole. Bernama
      Bernama  -  37 words
    • 55 22 Reuter JAPANESE banks will refuse to give any more money to the debt-ridden Third World unless major nations act to make those loans more attractive, Bank of Tokyo chairman Yusuke Kashiwagi warned yesterday. "Without some credit enhancement, how can you get private banks to lend
      Reuter  -  55 words
    • 40 22 AFP CHINA wants to safeguard peace and stability in the Pacific region in cooperation with other countries, Defence Minister Qin Jinwei told Australian army chief Lieutenant General L G O'Donnell in Beijing yesterday. AFP
      AFP  -  40 words
    • 59 22 Reuter COMEX GOLD futures yesterday fell on general liquidation linked to heightened uncertainty over the outcome of today's key meeting of the Opec oil price committee. December gold was off US$l.OO at U*****.10. Analysts said fluctuations were closely tied to oil, which at one time in overnight dealings,
      Reuter  -  59 words
  • 663 22  -  Japanese method to reduce traffic accidents By LINDA CHEE THE TWO largest bus companies in Singapore are likely to take part in a Traffic Police test of a Japanese method to reduce traffic accidents and increase safety awareness on the
    663 words
  • 494 22 Bernama UPI CAMPAIGNING for the Parit Raja by-election ended yesterday as people prepared to cast their vote today to determine who among the seven candidates will be their representative. Supporters of Independent candidate Hamdan Yahya trekked from door to door urging voters to
    Bernama; UPI  -  494 words
  • 160 22 Bernama MALAYSIA'S Industrial Relations Department in Penang will investigate claims that two multinational electronics companies in the Bayan Lepas Free Trade Zone will be moving their operations to a neighbouring country. State Manpower Committee chairman Liang Thau Sang said yesterday that he
    Bernama  -  160 words
  • 304 22 AFP THE CURRENT PLUNGE in oil prices is hurting foreign oil companies more than Indonesia because of Jakarta's rigid pricing policies, according to a new report released by the US Embassy in Jakarta yesterday. But Indonesia will suffer more in the long run through
    AFP  -  304 words
  • 250 22 AFP PHILIPPINE businessmen yesterday welcomed the signing of a new military bases agreement with the US. saying that it would help speed up the country's economic development. This was in sharp contrast to harsh criticism from the press, lawmakers and leftwing groups, which charged that
    AFP  -  250 words
  • 108 22 Reuter TWO INDIAN airliners crashed yesterday, killing 165 people on the worst day in the country's domestic aviation history. A 18-year-old Boeing 737 of the main domestic carrier, Indian Airlines, burst into (lames when it hit the ground five km short of the
    Reuter  -  108 words
  • 140 22 FRENCH DIPLOMATS here yesterday ended two days of "diplomatic" strike action to protest against an official move in Paris to reduce rent and related allowances for postings in 94 countries. Most of the staff of the embassy and its commercial and
    140 words
  • 126 22 AFP INDOCHINESE and other South-east Asian officials wound up talks on Cambodia in Jakarta yesterday after sometimes heated discussions on how to attain peace in the wartorn country, conference sources said. Differences reportedly focused on the Khmer Rouge the resistance faction which refused to attend
    AFP  -  126 words
  • 163 22 THE CANADIAN province of Alberta wants to expand economic and trade ties with Singapore And as part of that plan, its Minister of Economic Development and Trade Larry Shaben will highlight the key areas of economic expansion for Singapore investors at a conference organised by
    163 words
  • Page 22 Advertisements
    • 212 22 Comex silver was not available at press time The art of fine living. Beautifully furnished dining rooms, separate fully equipped kitchens, elegant one or two bedroom suites right in the heart of ()rchard Road. At The Ascott, we take pride in giving our clients their own home. A spacious, private
      212 words
    • 10 22 Senator ask* how US will raise bases money, PAGE 4
      10 words
    • 1116 22 w SINGAPORE INSTITUTE OF MANAGEMENT (1) SPEAKING FOR SUCCESS November 14, 16, 18, 21, 23, 25, 28, 30 4 December 2, 1988 Fee; SSSSO for SIM members/Ss63o for Non-members Objective This course is aimed at helping participants develop effective speaking skills for sales presentations, interviews, counselling, meetings, conducting training programmes,
      1,116 words

  • SHIPPING TIMES
    • 263 23 AMERICAN President Companies will soon be using microchip transponders on its containers. chassis, trucks and railcars in the United States. This automated system to identify equipment will be the first of its kind to be introduced in the container transport industry, said APC.
      263 words
    • 253 23  -  By G DURAIRAJ KELANG Container Terminal, which is enjoying high growth in container traffic, will add another four straddle carriers to its fleet of 21. The new straddle carriers, which are expected to cost about Ms 6 million, will arrive
      253 words
    • 119 23 Reuter INTERNATIONAL Shipholding Corp has agreed to buy Waterman Marine Inc. operator of lighter aboard ship or Lash vessels, for US$34 million. The deal is subject to the approval of the boards of both publicly traded firms and if completed will make International Shipholding
      Reuter  -  119 words
    • 154 23 Seatrade Week THE KOREAN Seamen's Union is to take punitive action against manning agents in South Korea who are manning foreign flag ships with Korean crews in combination with Burmese seamen when there are shortages of Korean seamen. The KSU claims that such
      Seatrade Week  -  154 words
    • 167 23 LLOYD'S Maritime Asia will hold a seminar on intermodalism, its second this year, in Taiwan, Bangkok and Indonesia next month. The first seminar was conducted in May in Hongkong, Singapore and Kuala Lumpur. The seminar will help shipping and trade professionals understand
      167 words
    • PORTSIDES
      • 93 23 Reuter THE 102,736 dwt Panamanian tanker Century Dawn damaged its No 1 port cargo tank shell and deck plating when it was in collision with the 231.490 dwt Liberian supertanker Asian Energy on Oct 10 off Singapore, Lloyd's Shipping Intelligence said. The bulkhead separating the port
        Reuter  -  93 words
    • 602 24 Bulletin of the International Salvage Union A 10-YEAR review of salvage remuneration under "no cure pay contracts has been completed by the International Salvage Union. Spanning the period 1978-87, the survey records a total of 1,662 salvage operations around the world. The
      Bulletin of the International Salvage Union  -  602 words
    • 790 24 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Adrich Shpg VII 1 Alltrans VII 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III 1 Asian Ocean VI 1 Awards Shpg V
      790 words
    • 459 25  -  By KINGSLEY WOOD THE GREATEST hindrance to the implementation of changes that were inevitable in the shipping industry was the entrenched attitudes which existed in the industry. Bridge Line managing director Tony O Hare told the Australian Institute of Exports in Sydney. Australians
      459 words
    • 252 25 FERRANTI Container Handling licensee. Kone Fels Cranes Pte Ltd. of Singapore, has secured a contract for the supply of four Ferranti Karritainer diesel electric rubber tyred gantry cranes to the Madras Port Trust. The deal is worth in excess of £2 million. Under the terms
      252 words
    • 108 25 AP MORE THAN 500 French passengers stranded after fire disabled their Soviet liner have resumed their Mediterranean cruise on another Soviet ship, the shipping agents said. The passengers boarded the Leonid Brezhnev, which set out for the Greek island of Rhodes on Monday evening, said
      AP  -  108 words
    • 65 25 THE Shipping Corporation of Saudi Arabia is planning to expand its fleet by up to four vessels over the next two years to cater for increased trade through the Port of Jeddah. The group, also known as Arab Lines, has just bought a secondhand general
      65 words
    • 176 25 Reuter THE US Coast Guard proposed on Tuesday fines of as much as US$5O,OOO and jail sentences of up to five years for dumping plastic refuse at sea. The penalties, effective on Dec 31. would put teeth into global regulations which take effect
      Reuter  -  176 words
    • 311 25 ALL SURVEYS were conducted on Oct 4. Argentina Buenos Aires 35 vessels operating. Bahia Blanca Normal operation. Australia All ports Normal operation. Bangladesh Chittagong Normal operation. Brazil Santos 35 vessels operating. Rio de Janeiro 25 vessels operating. Cameroon Douala Normal operation. Chile Arica Normal operation. Talcahuano Waiting time
      311 words
    • 1247 30 PANAMAX bulk carriers have attracted moderate chartering interest on Tuesday with several vessels arranged from the Continent and the Far East, shipbrokers said A 66.000 tonner was booked from North Spain for a voyage to Egypt via the St Lawrence and redelivery passing Passero at U5510,750 daily and
      1,247 words
    • 5921 30 AAMM Arthur M««r«k Maersk Unr Oct 20 Liao h# China Ocaan Oct 21 Ming Energy Yang Ming Oct 23 Toyama Scan Dutch! Oct 24 Hamburg Eipreaa Tr»ot. Oct 24<PK). Evar Qraat Evergreen Oct 25 Anna Maerah Maert* Line Oct 27 London
      5,921 words
    • 1419 30 AT CONVENTIONAL WHARVES Veaael Berth Arrival Departure KEPPEL WHARVES CGM ffonsord co» olongside 2010/1100 Concord ibuk KI7 olongside 20 10 1200 Dokilo U«0 K34 olongside 21 *****9 Eostern G'ory KIS alongside 20 10/1500 Fronces Boy K27 alongside 20 10/1500 Koto Moiu K32 olongside 25 10 1830 Koto
      1,419 words
  • Page 23 Advertisements
    • 804 23 TIMES STP Distributors to Quolity Service \WU/ Jardines JAROINE SHIPfING AGENCIES 200 Cantonment Road #12-05 Southpoint Singapore 0206 Tel *****11 TeN»RS ***** Facsimile *****09 TERMINAL/CFS Trf *****18.*****19.*****20 FOR CUSTOMER SERVICE INQUIRIES AND BOOKINGS Td *****30/5 PESAKA JAR DINE SHIPfING AGENCIES SON IMO PORT KELANG Tat *****16 Tel« MA ***** MA
      804 words
    • 80 23 WSS& A 10-YEAR review of salvage remuneration under "no cure no pay" contracts has been completed by the International Salvage Union. Page II THE GREATEST hindrance to the implementation of changes that were inevitable in the shipping industry was the entrenched attitudes which existed in the industry, Bridge Line managing
      80 words
    • 664 23 INTERMARINE SUPPLY CO (PTE) LTD T«l: *****33 (6 linM) Tl« IMCCO R*****8 Fax *****7 7 MAERSK LINE CONTAINERISED, COMPUTERISED AND THOROUGHLY-ORGANISED II This *ee» ARTHUR M Ctovng Time CY 20 10 140 C HRS CFS 20-10 MOO HRS Feeder from Ron I s Pore I Penang Malaysia Kelang To Europe—UK
      664 words

  • Page 24 Advertisements
    • 477 24 «f Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT HAMBURG I BREMERHAVEN ROTTERDAM/ ANTWERP AMSTERDAM. CARIBBEAN IS AMERICA CONTAINER SERVICE FROM UK/CONTINENT CALLING AT 'KOBE 30/10, "TYO 2/11 CONV/SEMI-CONTAINER SERVICE TO MED EUROPE Agents: Singapore *****00 Bookings *****06 CFS *****48 K. Lumpur *****25 P. Kelang *****18* CFS *****50 Penang *****7, *****2 TRANS PACIFIC
      477 words
    • 17 24 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association
      17 words
    • 544 24 Kl POLISH OCEAN LINES Agents Optorg Shipping Pte Ltd Singapore Tel ******4 P Kelang 3MTOI 2 3 Telei RS ***** Petalmg Jays 7*2593 *****03 fit 2255&51 Penang *****5 EACON SERVICE (FULLY CONTAINERISED SERVICE) IS/11 2110 Mil It'll 1212 112 *12 m ROam H'burg Gdyna ivu ism 11/11 2*i 11 *11
      544 words

  • Page 25 Advertisements
    • 918 25 The Straits Steamship Group rr Mansfield Container Shipping Pte Ltd P&O Containers (JCONTAINER SERVIcffo UK/CONTINENtT) STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAINERSHIP SERVICES TO/FROM BANGKOK PC CASUS PIONEER VOSN 22-23 Oct 2C-77 Oct PEGASUS PROWESS VS4SN 27 21 Oct 31-m Oct BANGKOK BORNEO AGENCIES LTD. BANGKOK
      918 words
    • 630 25 EUROPE ACCEPTIM CAKO TO FROM NAM ME OTNEI UK PMTS M NEWEST SENATOR LINK General Agent: VESSEL ASIAN SEN USA PANAMA TTll irm EF 122 ail Ef 123 tl.ll EF 124 17.11 EF HI 11.12 ILIAD 21.11 23.11 7.12 1.12 M.12 11.12 23.12 25.12 17.11 HJI 22.11 24J1 22.12 |23.12
      630 words

  • Page 26 Advertisements
    • 585 26 HXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN ELHAM PJL 659 Singapore 20/10 loading forBANOAR ABBAS Tkyow/T KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSI HK LOAD FOR: KYOWA HIBISCUS V 33 3/11 VILA. NMA. LTK. SUVA. PACO. APIA KYOWA VIOLET V 22 1/12 VILA. NMA
      585 words
    • 1059 26 KSi otUAtmr* fully containerised service TO EUROPE VIA SUEZ ""W Member ol the Ace Consorhum KOREAN CHANCE 39H ACE CONCORD 17W ORIENTAL CHIEF 62W TRANSWORLD BRIOCE 45W NEPTUNE CRYSTAL 4IW CHINA CONTAINER «W TRANSWORLD BRIDGE ME NEPTUNE DIAMOND 771 NEPTUNE CRYSTAL 47E CHINA CONTAINER 47E lUIIY CONTAIN!RiStD 10 FROM NORTH
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    • 945 26 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ma clou EVER GENTLE EVER GENTRY EVER GATHER EVER GOVERN EVER GARDEN EVER GROWTH EVER GRAND ALSO ACCEPTING CARGO TO: SO 1 HKC KSC KLG Milo WU JVM Jfll 7/11 I*ll iw «u «i «u 11/11 I*ll I*ll I*ll 2*ll 2*ll a/11
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  • Page 27 Advertisements
    • 913 27 PACIFIC INTERNATIONAL LINES \V\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE SIN j-kt 20/10 23/10 22/10 25/10 27/10 20/10 90/10 5/11 7/11 SBY 25/10 27/10 27/10 2/11 4/11 0/11 11/11 10/11 10/11 VOY VESSEL SEA HAWK 31/10
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    • 407 27 UJt BEN LINE VJk CONTAINERS TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA. FUI AND NEW ZEALAND FROM NEW ZEALAND MAIN LINE AM. NAP ARISTOTELIS 3h 24/9 ANAN6EL LEADER lON 1/10 11/10 ACRITAS 3N 23/10 26/10 TIM TGA HKG(TS) SIN 29/9 6/10 21/10 29/10 13/10 17/10 5/11 15/11 29/10
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    • 505 27 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY MATARAM/22W8 L.J BONTANC/MWB SRIWIJAYA/25W8 ANTWERP HBURG/ RDAM/ADAM BREMEN 11/12 16/12 11/1 21/1 23/1 26/1 Sub|*ci to Inducement. Ale© accepting cargo to Casablanca. Port Said,
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    • 381 27 BOUSTEAD SHIPPING AGENCIES 1* BURMA FIVE STAB SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon pore P.Kelartg Penang Bangkok HTONEYWA V23MR 25/27 Oct PAGAN VI32W 3,-30 Oct MYOMAVWA VII2W 4/7 Nov 11 fH Oct BANK LINE SEMI-CONTAINER SERVICE NORTHBOUND TO UKC MORAYBANK V6N CLYDEBANK V24N SPORE RDAM HULL HMBG 24/10
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  • Page 28 Advertisements
    • 639 28 N. AMERICA-ATLANTIC COAST ORIENTAL FAIR HAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM VIA FEEOtH ORIENTAL FAIR KAINBOW BRIDGE DCPTUNE GARNET VIA FEEDER VOY *INDO 11 17/10 •PK/PNG SGP N. AMERICA PACIFIC SOUTH-WEST f*? VESSEL TAL FAIR •AINBOW BRIDGE EPTUNE GARNET RIENTAL FREEDOM N. AMERICA PACIFIC NORTH-WEST EUROPE (Member of ACE) \EXPORT
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    • 357 28 il.ti.-TTW Accepting LCL and containerised cargoes Direct to South Africa Accepting Containers Only CANOPUS 0802F NEDLLOYO COLOMBO 6437F OSAKA MARU 6542F VIRGO 0903F Spore Durban 21/10 3/11 29/10 10/11 10/11 22/11 20/11 1/12 \WUf Hy JARDINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAO #12 05 SOUTHPOINT. SINGAPORE (O Tel:
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    • 705 28 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Sinppore P Ketang Penang loading tor Mother Vsi By Feeder By Feeder KALIDAS 39 26 Oct FremMelb Sydn/Add TULSIDASV 9 14 Nov 7 Nov 7 No* Fr«n/IMb Spdn AM KALIDAS V4O 20 Ok 13 Occ 13 Ok Fr«n«Mb/Sy4n AM TULSIDAS *.39 S Jan
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    • 610 28 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD a. Trio* Ay*» Strict SINGAPORE 0104 TIL UUW (10 LINES) F». UUW STRAITS/PERSIAN GULF SERVICE: COL DC N HARVEST Cotombo KwtdnUutoi DMMH GOLDEN WON Of It CotomboM'*ct>. Ovjß* CHIN* SERVICE CU SHAN Huaflfpu ShanfMi DAI TUN SHAN Hutnfpu Shinjt>l, S pore P Kel*n|
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    • 317 28 ve PHIU Oni€NT LIN€S PT€ LTD H£AO OFFICE 63 ROIINSON ROAD -07 12 AFRO-ASIA BUILDING SINGAPORE 0106 TELE* RS 2*720 PHILI FAX *****76 MIDDLE EAST/FAR EAST FCL ft LCL SERVICE VESSEL I ETA SINGAPORE I DESTINATION EAST AFRICA/MEDITERRANEAN FCL ft LCI SEIVKE I TBN I 30/10 MOMBASA DARESSALAM ASSAB BEIRA.
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  • Page 29 Advertisements
    • 724 29 NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA NEPTUNE ORIENT LINES LTD General Enquiries: Tel: 27M977 Terminal CFS BOOKINCS *****22 *****53 NEPLINE SDN BHD 36H087 NEPLINE SDN BHD *****33 NEPLINE SDN BHD *****5/*****0/6271M/*****2 NEPLINE SDN BHD *****0/*****1 2 *****J *****42 *****U 27*114 *****11 27*141 INWARD OUTWARD ENQUIRIES *****44 AT urfo will
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    • 437 29 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG, KEELUNG, BUSAN. INCHON STRAITS/KOREA SERVICE 1) BUSAN I SINGAPORE 2) SINGAPORE/ KEELUNG 10 DAYS SERVICE I! SERVICE!! Vessels Name ETD BS S PORE PKLG HKC KEE BUSAN MOJI DRAGNETM2N 15/10 27/10 21 29/10 03-03/11 01 10/11 13/11 4NO
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    • 623 29 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 ***** PENANG P KELANC MESSRS MAI THONG SNIPPING 127 Pwung Street. Penary Malays* M S HANDLING SYSTEM CO
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  • Page 30 Advertisements
    • 251 30 r SINGAPORE SHIPPING r CORPORATION (PTE.) LTD. TEL 225 6868 |30 Lines) FAX *****39 *****76 TUEX RS ***** A/B SSCMA RS ***** A B SSCAD DSR-LINES VEB DEUTFRACHT SEEREEDEREI ROSTOCK M INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE "VIA lARKACA ACCEPTING CARGO FOR UMASSOL
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    • 99 30 w. T.S.K. LINE WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL TS KLINE OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MV. HERMES ACE Vl4 ETA SIN 24/10/8S SPORE KAOSHIUNG > KEELUNG -> TOKYO -> SHIMIZU "> NAGOYA KOBE 4 DAYS 5 DAYS 8 DAYS 9 DAYS 10 DAYS 11 DAYS TSKLINE
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  • Page 30 Miscellaneous
    • 145 30 w* t. Regional Weather m V* r SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. October 20, II R Thunderstorm Ten*e,oture •<- X\ SKower WM »hef Wmd d*ectK>n mih speed m knots ••R»n Good,*, a Wo<» w«*dl O'f .nd'COfed b« orrowt wK<K My witfc tk# »Mld One tun circle represents
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  • Page 31 Advertisements
    • 555 31 FARGO SHIPPING Tei:aa4 oisa m ABC CONTAINERIZE N.V. TO AUSTRALIA/NEW ZEALAND vs. kntnrgin 211 23*10 30-10 Wll C. V.rot«. 212 Ml I 12/11 I 11/11 TNT Eiprtu 214 1002 I HU 24/12 I. Hudif 215 I 24(12 I 1/1 7/1 Alt* Km*im c*rfO to: AUSTRALIA A4rtll4«. *>»*•<>• NEW ZEALAND INllinjtw.
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    • 357 31 CSP SHIPPING AGENCIES PTE. LTD. Tel: *****66 (16 Lines) Fai: *****61 Tlx ***** CSPFRT LCL FIXED > S i to USA (ALL PORTS) to Auckland to Antwerp to Copenhagen to Fremantle to Inchon/Busan to Chlttagong to China (All Ports) to Bombay to Manila/Cebu to Sydney/Melbourne to Jeddah to Keelung to
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    • 878 31 < CFS CRYSTAL FREIGHT SERVICES CRYSTAL' WEEKLY CONSOL SERVICES U.S.A. J LOS ANGELES 27/10/88 AUSTRALIA y MELBOURNE/SYDNEY 23/10/88 FAR EAST BUSAN 31/10 BANGKOK 23/10 HONG KONG 23/10 KEE/KAOH 23/10 CALL BOOKING HOTLINE FOR BEST RATES 2233 9 2 2 TEL: *****88 TELEX ***** CFSIN FAX *****88 o s\ PLUSCOL INTER
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    • 211 31 0 Tatsumi Marine DIRECT SAILING TO PAPUA NEW GUINEA (ACCEPTING BREAKBULK) Direct call to other ports subject to inducement (also accepting transhipment cargo: OROBA Y, MADANG. KIETA, WEWAK KIMBE, RABUAL via LAE) S PORE: NEPTUNE AGENCIES PTE. LTD Tel: *****77, *****34, *****71 HP OFFICt in MARINE UNICES PTE. LTD. (STONE)
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    • 319 31 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 0 i IRAQI LINE I) IMQ 1 S T AT (n t(■ ra iSf fOI ■••ITllif TR»«SPO«T MV SI NOB AD EAST BOUND SERVICE ETA S PORE LOADING FOR 26/10 Japan THROUGH B/Ls to BAGHDAD UPON REQUEST
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  • Page 32 Advertisements
    • 354 32 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines, TLX RS ***** RS ***** •For Discharging Only NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN ft CHINESE PORTS, SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE PK DBN CT FAITH STAR Vtl* IML Vt2* •Also calls
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    • 271 32 v^' COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG-SUD) EXPRESS SEMkCOWTAf® SERVICE TO A NEW (ASIA-SOUTH PACIFIC JOINT SERVICE) SPORE TAYBANK V4S 27/10 Port Moresby, Lae, Rabaul. Kimbe COLUMBUS tIIUGINI VIS 7/11 Port Moresby. Lae. Orobay. Rabaul Accepting LCL cargo for main ports discharge and also to Wewak. Kavieng, Alotau.
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    • 320 32 m P.T. MASKAPAI PELAYARAN PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****54/*****70 INDONESIA SERVICE VSL PUL ADIL MANDIRI PUL ADIL
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    • 517 32 CALL US AT: p K£LANG 3 6K753/36gnil PENANG 04-*****2/4 *****3 r->rT, J P s :ssst s 3 s sl Jiiiliiai rs 5522S 522 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEOER B BUTANC 4«9 6 BUTANC «1 B BUTANC 413 GOTHENBURG 1411 ■jn> MOTHER VSL TOYAMA B PERMAI JUTLANOIA SINGAPORE
      517 words