The Business Times, 27 October 1988

Total Pages: 32
1 32 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, OCTOBER 27, 1988 75 CENTS
    11 words
  • 241 1 AP Dow Jones lower THE NEW YORK stock market headed lower yesterday morning in an unenthusiastic response to new evidence of slowing US economic growth. The Dow Jones Industrial Average fell 10.66 points to 2,162.70 in the first hour of trading. Losers outnumbered gainers by about three
    AP  -  241 words
  • 190 1 REGIONAL stock markets yesterday closed marginally higher in moderate trade, sparked off by the slight overnight gain on Wall Street and a firmer Tokyo market. On the local front, selective institutional buying and bargainhunting boosted share prices across the board. Dealers reported a mix of both
    190 words
  • 148 1 Reuter THE US DOLLAR fell sharply against the mark in New York yesterday morning, while US Treasury bond prices rallied about point following news that US gross national product rose at a seasonally adjusted annual rate of 2.2 per cent in the third
    Reuter  -  148 words
  • 379 1  -  By DAVID CHEW In Kuala Lumpur THE NEED for Malay unity to continue New Umno's struggle will be the main theme of the party's general assembly beginning in Kuala Lumpur tomorrow, secretary-general Datuk Mohamad Rahmat said yesterday. The continuing
    379 words
  • 595 1  -  By DEXTER LEE FUTURELINK Pte Ltd the commodities futures broking company whose managing director was yesterday slapped with another 740 charges of cheating is being wound down voluntarily. This was revealed in court yesterday by Raymond Tan, counsel for the accused, when he sought bail
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  • 417 1  -  'POTENTIAL BUYERS HAVE BEEN APPROACHED' By LEE HAN SHIH, Property Correspondent THE CHUA FAMILY, which has long been associated with Mer-cedes-Benz dealer Cycle Carriage, has put up the Garden Hotel for sale at $42 million. Sources said agents have been making
    417 words
  • 131 1 AFP TAIWAN'S top economic think tank has dismissed chsrges that the country is manipulating its currency to keep it undervalued. Council for Economic Planning and Development deputy chairman Vincent Siew ssid in Taipei yesterday that the Central Bank of China respected msrket forces in determining the
    AFP  -  131 words
  • 228 1 Reuter THE US ECONOMY'S growth rate slowed to 2.2 per cent between July and September from 3 per cent in the second quarter. The US Commerce Department said yesterday the gross national product would have been 0.6 per cent higher if the
    Reuter  -  228 words
  • 426 1  -  By MAGDALENE NG WEARNES POLYTEK Holdings (S) Ltd, sn sssociate of the Wearnes group, is offering for sale 16 million new shares at 76 cents each as a prelude to a listing on Sesdaq. This is the largest Sesdaq issue since the second securities
    426 words
  • Page 1 Advertisements
    • 134 1 1 oo Cassette Receiver K2 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD Singapore Phone *****33 Kuala Lumpur: Phone *****33 Ponartg Phone *****5 *****1 Jakarta: Phone *****5 $*****00 88 cash prizes must be won with OUB's Housing Loan Low Rates Free Legal Fees Free Valuation No Processing Fees Up to 100%
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    • 213 1 `$?-.@<<&~,|}~%'].};===^|"[={'( Editorial Comment: 12 Plugging into the world Wage applications 2 Banks attach condition to withdrawal Cambodian conflict 5 US, Soviet officials to peace efforts Capital markets 9 Japan expected to emerge top in 10 years Retailing 11 Watson's to invest $10m more on new stores One's Man View 12
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    • 20 1 Rodenstoctr Quality before your eyes 4 01 i n a j (j a SEIKO iincnlcd tmn* N'ikn |hm tn t<
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  • HOME NEWS
    • 302 2  -  By SHOEB KAGDA A MANAGEMENT COUNCIL, under the chairmanship of the National Trades Union Congress secretary-general Ong Teng Cheong, has been set up to oversee all the national labour body's recreation clubs and facilities. The council is basically a pol-icy-making body, which
      302 words
    • 297 2 THE 20 foreign banks that went directly to the court to settle their wage pacts have officially dropped their applications but with a condition attached. In a press statement yesterday, Singapore National Employers Federation (SNEF) president Stephen Lee said that the banks are willing
      297 words
    • 343 2 THE Privy Council in London has reversed a Singapore court order barring J B Jeyaretnam from practising as a lawyer. Yesterday's ruling by the highest court of appeal for Singapore means that Mr Jeyaretnam, the Workers' Party secretary-general, will be reinstated
      343 words
    • 165 2 THE BOOMING tourist trade in the Asia-Pacific region will be discussed from two viewpoints at the Pacific Asia Travel Association (Pata) 1969 annual conference to be held in Singapore next year. Operators of tours to these popular destinations will look at what
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    • 52 2 IN THE report "Fire shuts down refining facility on Merlimau" yesterday, Cheng Hong Kok wss inaccurately named aa president of Singapore Refining Co. He is, in fact the president of Singapore Petroleum Company, which together with British Petroleum and Caltex Petroleum Corporation, owns SRC. We spologise for
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    • 365 2 r A seminars ana r mm I ;T J M.' 2ROUP Courses V.I Tel: *****13 Tlx: RS ***** CEGSP Fax: *****66 Nov 10 XIUNXj UwrP J1 lj-i_n jnla rOTHIOn IIIVI" XIUNX Inc and *****77 Programmable Gate Continental Excel Associates Arrays A Technical Seminar Nov 10-11 Advertising Media IMA
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    • 371 3  -  By JOHN THOMAS AUSTRALIA, under a new policy to draw overseas investments in manufacturing and service industries, but quite selectively, is in the process of identifying Singapore firms to approach. The Auetralian Trade Commission (Austrade) in Canberra, which has set up an Inveetment
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    • 216 3 AS THE three-dey Global Strategies conference st the Raffles City Convention Centre drew to s close, delegates who went on a fullday poet-conference tour yesterday had nothing but praise for Singapore. One delegate, Fritz Autenrieth, a director of the Swise-based Nestal group, said he plana to
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    • 258 3 AN EXHIBITION on retirement. which promises to have greet businees potential. will soon be held st the World Trade Centre. Retirement '88. which focuses on "productive retirement". is s two-dsy event which starts on Nov 3. It sims to provide affluent Singaporeans with idess on
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    • 310 3 THE ECONOMIC Development Board's alternate chairman and the executive director of the Maaa Rapid Traneit Corporation headed the list for this year's National Day awards. A total of 163 awarde were preeented by Preeident Wee Kim Wee last night at the
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    • 364 3  -  By TONG SUIT CHEE FIRE SPREAD to a third naphtha storage tank at the Singapore Refinery Co s (SRC) refinery on Puleu Merlimau early yesterday morning. Late last night, the fire, which started in two naphtha tanks on Tueaday afternoon, waa still burning
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  • Page 2 Advertisements
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    • 180 2 9 tv ■cd&& Mp< W< Price per unit is S$ 35,000 onwards, payable at 11 instalments in Renminbi or other foreign currencies. YASHIMI CENTRE is the most modern distinctive office building/residential apartment cum shopping centre strategically situated in the heart of Shantou City of China. It's the only permanent leasehold
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  • Page 3 Advertisements
    • 305 3 Now you can enjoy those luxuries as standard. The Horizon Floor at the Shangri-La. Designed to fulfil the addition, your bookings of meeting or conference rooms will be given first preference. The Honzon Lounge provides needs of the business traveller, the Horizon Floor affords you the ultimate experience in hotel
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  • Page 3 Miscellaneous
    • 57 3 MM Singapore OUTLOOK: Mr. osaopt aroaa In the early ■•pert for 24 Hour* prior to 7.30pm on Oct 24 at A—oc hwnMßy *7 Hrs of ■—Mni— S.7S RaMaN Ma n*i... 111J Rainy deye Ma ntfh... IS Now DoM Now York Jo'burg Kiev K Lumpur Son Frtt'eo Son Juan f ..^inen
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  • Page 4 Advertisements
    • 334 4 Hardly a day goes by when a fluctuation in foreign exchange rates doesn't have most company treasurers reaching for the panic button. Whatever happens out there, the chances are that one or more of the currencies your company does business in will be affected. ilicr market With the minimum of
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  • ASIA-PACIFIC
    • 322 5 Bernama MALAYSIA feels that the Generalised System of Preferences (GSP) should include more products of interest to Malaysia and other developing countries, Trade and Industry Minister Datin Paduka Rafidah Aziz said yesterday. She said donor countries which currently excluded such products or subjected
      Bernama  -  322 words
    • 70 5 AP SOUTH KOREAN President Roh Tae-Woo will visit Malaysia, Australia, Indonesia and Brunei next month, a government spokesman said on Wednesday. Mr Roh will visit Malaysia from Nov 3-5; Australia from Nov 5-8; Indonesia from Nov 8-12; and Brunei from Nov 12-14, presidential
      AP  -  70 words
    • 145 5 Bernama CHINA expects its bilateral trade with Malaysia to break through the US$6OO million mark this year, Chinese ambassador to Malaysia Zhou Gang said in Kuala Lumpur yesterday. He said the competitiveness of Malaysian commodities and finished products in the open
      Bernama  -  145 words
    • 906 5 ARRIVALS DEPARTURES Operator Service Local From Operator Service Local For rnjmber time number time SiA UAL SQ11 0040 IAX/NRT AIC AI407 0001 MAA/BOM UA805 0045 SFO/HKG OAL OA472 0050 ATH FT FT15 0158 TPE JAL JL726 0110 KOJ/NGO MARTINAIR MP93 0230 HKG KAL FT KE686 FT15 0200
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    • 203 5 AP THE INDEPENDENT trade union in Poland, Solidarity, is not an appropriate example for Chinese trade unions, a delegate to the All-China Federation of Trade Unions' annual congress said on Tuesday. Other delegates to the weeklong congress and a high-rank-ing union official
      AP  -  203 words
    • 448 5 Reuter, AFP AMERICAN and Soviet officials will meet in Paris next month to discuss peace efforts for Cambodia and other Asian and Pacific regional issues, the US State Department announced. Spokesman Charles Redman said on Tuesday US Assistant Secretary of State Gaston Sigur and
      Reuter,; AFP  -  448 words
    • 240 5 Reuter A TOP European Community official was scheduled to leave for Vietnam yesterday to discuss bilateral issues and the presence of Vietnamese troops in Cambodia. EC officials said in Brussels. The EC Commissioner for North-South Relations Claude Cheysson, a former French foreign minister who worked
      Reuter  -  240 words
  • Page 5 Advertisements
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    • 74 5 VACHERONy CONSTANTIN v Geneve Maitre-Horloger. En l'lle depuis 1755 9 -i-T fj s oi %> Structure Gents. Model 3(MK)I 18k gold, roman numerals with crocodile strap: manual Recommended retail price: $14,000 1 J HI. X w y: I A w' v; o I 4 >/ > m. K >f' f3
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  • REST OF THE WORLD
    • 375 6 Reuter THE EUROPEAN Community has come out with measures against Japan, South Korea and Taiwan to stem the flow of goods from East Asia into the Community. The European Commission, the Community's executive arm said on Tuesday that it was allowing France
      Reuter  -  375 words
    • 221 6 FT WEST EUROPE'S economic growth has not faltered significantly since last October's stockmarket crash, but deep imbalances between the US and Europe still threaten economic stability, warns a study published on Tuesday by a Brus-sels-based policy research group. The paper, produced for the Centre
      FT  -  221 words
    • 190 6 Reuter MARGARET THATCHER. Britain's longest-serving premier this century, was quoted yesterday as saying she expected to serve a fourth term in office. Asked if she wanted to lead her Conservative Party into the next election, which does not have to be called
      Reuter  -  190 words
    • 129 6 AP THE CLUB OF ROME an assembly of thinkers, businessmen and world leaders from 51 countries opened its 20th anniversary conference on Tuesday in Paris amid praise for its trailblazing role. The 100-member club, bestknown for its controversial first report "Limits to Growth", is
      AP  -  129 words
    • 357 6 AP CANADA'S free trade agreement with the United States dominated debate between the leaders of the nation's three major parties, a critical step before the Canadian general election on Nov 21. Prime Minister Brian Mulroney said on Tuesday in Toronto that the agreement negotiated
      AP  -  357 words
    • 328 6 UPI A RECORD 356.200 foreign students were enrolled in American colleges last year, and more than half of them came from Asia, according to a report released in New York on Tuesday. The report. Open doors: 1967/88, said
      UPI  -  328 words
    • 192 6 AP THE SOVIET UNION, the Persian Gulf and Afghanistan will pose the biggest challenges to the US intelligence community in the *****, CIA director William Webster said. Mr Webster, in a speech on Tuesday to the World Affairs Council, also emphasised the growing
      AP  -  192 words
  • Page 6 Advertisements
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    • 132 6 Turning point for tho Club, PAGE 12 American Optical masterpiece FOCAL CHANCE FRAMES •I =5- vz*** mrm wEmzmamzA W *m -xm ZM ia <> Introducing A Unique Frame That Revolutionizes Your Point Of View. Unlike ordinary frames, AO 0 Masterpiece Focal Change Frames incorporate a revolutionary mechanism that lets you
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  • Page 6 Miscellaneous
    • 93 6 Doonesbury FJtriKFvr IPO, AND I ZRWUGCir MNTTO6IV3 AWSPMFi IT TO YOU, BUT "WSMRZ... mjLDllde RJGHT? HOUJDOI KNOW YOLIRB NOT SCAMMIN6 ME? HOW SAY POl KNOW YOU HJONT U/HAT? SPtND IT ON PRUGS Oft ouoßse* iNurnnNQTo HOP, I COULD, IRONICALLY. ONU MAKE THINGS^ m < 15 I T BY GARRY TRUDEAU
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  • Page 7 Advertisements
    • 449 7 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 Microsoft® Windows/386, MS® OS/2, XENIX® and UNIX. 386/20e is a 20-MHz 386 personal computer built to
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  • MONEY AND EXCHANGES
    • 1363 8 Reuter SINGAPORE: The US dollar closed mixed against most major currencies yesterday. Against the Singapore dollar, the US dollar closed easier at 2.0020/30 in moderate trading. It traded within a range of 2.0021 and 2.0060 It opened initially at 2.0055/65. OCBC The US dollar closed slightly firmer against
      Reuter  -  1,363 words
    • 1481 8 CURRENCY FUTURES OPTIONS Wednesday, Oct 26, 1988 DEUTSCHEMARK (SIMEX) No* M call* HWi Low •on Nov Hia* 88 puis 1 nm Sag 52 53 54 55 56 57 52 53 54 55 56 57 59 60 61 62 55 56 2158 448 Dac 88 call* High Low 2268 1518
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    • 499 8 DECEMBER Eurodollar futures yesterday opened 1 tick lower than the previous close at 91.25 due to a rise of 1.3% in third quarter US employment cost index which reflected rising wage pressures. However, position squaring activities ahead of the US third quarter GNP release led prices to edge higher
      499 words
    • 188 8 MOST IMM currency futures settled lower on Tuesday after reversing an early rise sparked by weak-er-than-expected September US durable goods orders. The 4.1 per cent drop in durable goods orders suggested the pace of US economic growth is slowing and fuelled sentiment that the Federal Reserve might not raise
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    • 246 8 Asian market ASIAN DOLLAR deposit rates ended at opening levels on light trading yesterday. The market was watching the US preliminary third quarter GNP data to guage the strength of the economy. Term rates were little changed. One to two months remained unchanged at 8 7/16 8 5/16 per cent,
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  • Page 8 Advertisements
    • 65 8 ara m i s Is it going to rain today? YOUR FREE GIFT THE ARAMIS UMBRELLA With any $35 purchase of Aramis, Aramis 900 or Aramis Devin fragrance and grooming collections. One to a customer, while supplies last. From now till m/li > 30 October 1988 only. aim II I
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    • 178 8 presented by Edmund and Shukor Sunday, Oct 30,1988 Grand Ballroom Hilton International Singapore Viewing 10am Ipm Auction Sale: 2pm -5.30pm 100 selected pieces from Persia Afghanistan and Pakistan including interesting tribal pieces. All lots are guaranteed and backed by a full trade-in value at our showroom. Ample parking facilities at
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  • BANKING AND FINANCE
    • 275 9 Reuter CHASE MANHATTAN Corp has applied to the Federal Reserve Board for permission to underwrite and deal in additional debt securities as well as preferred stock, the bank said. Chase would conduct the new activities through its subsidiary, Chase Manhattan Capital Markets
      Reuter  -  275 words
    • 180 9 Indtcrt— the mragt of Km prim* tending rates of 12 mafor banks In S'pors Interbank market rates (offer/bid) on Oct 26 US) DM SWFC Y«n 7 doyi 3/t 1/4 11 7/« —3!% 4 13/16 13/16 3 11/16 9/16 4 1/2 3/i 1 m#i 3/t 1/4 12— 11
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    • 106 9 Treasury bills 1 Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****V 26.01.89 4.33 4.28 4.45 4.25 6 months BY*****Z 23.03.89 4.53 4.48 4.51 4.51 1 year BY*****S 20.07.89 4JS7 4.52 4.56 4.56 Government notes and bonds Period Issue Maturity Coupon Yesterday's
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    • 56 9 THE OVERNIGHT rats on the Singapore money market rose point to close at 5% per cent yesterday. Short term rates remained unchanged. r N S$ Interbank rates at the close yesterday: OWW MO O*nlght 5 1/1 s l-mon* 5 1/1 S 2-mon* 3 3/1* S 1/1* 3-«ionMi 3
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    • 157 9 AP A NEW STUDY has said the United States foreign debt is far smaller than government figures indicate and that misleading figures have led to exaggerated fears of economic decline. The study by the Los Angeles-based Rand Corp said on Tuesday the US actually did
      AP  -  157 words
    • 481 9  -  Survey respondents emphasise Tokyo's potential By QUAK HIANG WHAI ABOUT ONE out of every two bankers interviewed by Klynveld Peat Marwick Goerdeler (KPMG) think that Japan will become the leader in the capital markets in ten years' time. This finding was disclosed
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    • 184 9 Gold futures on Oct 25, 1988 100 troy ouncn USS par toy oun n Opw LM M Oo 407 00 406.00 407JO 406.40 -0.60 No» 407JO 0J0 Ok 406.60 410*0 409JO 409.40 ■►0.60 Fab 414.30 416.00 414.10 414J0 0J0 Apr 419.30 431XX) 419.20 4I 9.80 070 Jwn
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    • 316 9 FT NIGEL LAWSON, Britain's Chancellor of the Exchequer, has sought to reassure jittery financial markets about the government's intention to keep interest rates high for as long as necessary to control inflation, and to firmly resist devaluation. Adding a new
      FT  -  316 words
  • Page 9 Advertisements
    • 166 9 ■,-M ,i n \j- X v v \v v% Apply today. Get your cards On Monda Why wait? You can get a Visa card/MasterCard in just 3 working days. In fact, you could he using them on Monday. Only Hongkongßank offers you 3 days priority approval so you can enjoy
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    • 430 9 HONGKONGBANK VISA CARD/MASTERCARD APPLICATION FORM Hongkongßank s§3& Tlw Hongkong and Shanghai Banking orporelmn Card Products Centre 441 A Orchard Road Unit <¥>-02 Mac Donald House (Opposite Dhob> Ghaut MRT StatK>n| Singapore (W23 Tel: *****77 Please type or print throughout Tick boxes as appropriate Important if you want your credit cards
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  • COMMODITIES
    • 301 10 Bernama RECENT INCREASES in tin prices towards the Ms2o per kg level on the Kuala Lumpur Tin Market (KLTM) should not be taken as a definite indication that the market has firmed or fully recovered, Malaysian Primary Industries Minister Datuk
      Bernama  -  301 words
    • 217 10 MALAYSIA: Late profit-taking and absence of follow-through support saw the rubber market close off highs in listless trading yesterday. November International Ones RSS buyer ended a cent higher to 281.50 cents a kilo and SMR 20 buyer up two to 254.00. SMR 20 futures market noted renewed interest on
      217 words
    • 285 10 RAS prices In S c*nts/kg, FOB tn b«l* NOON CLOSE Buyers S*ll*rs Buyers Sellers Int 1 RSS Prompt 207-50 209.50N 204.50 206.50N Int 1 RSS Nov 88 208.50 210.50N 205.50 207.50N Int 1 RSS Ok 213.00 215.00N 210.00 212.00N Int 2 RSS OP 206.00 208.00N 203.00 205.00N
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    • 76 10 (canft/kg) NOVEMBER 1988 DECEMBER 1988 (currant month) (forward month) RAS NOON NOON tuy»n S«Ntn lvy«r* S>H<n SSR 30 300.00 303.00N 300.00 303.00N SS« 50 198.00 300.00N 198.00 300.00N MRELB •uyan S*4t*n lvy«rt S*H*n SMR Of 308.50 310.50N 310.50 313 JON SMR L 300.00 303.00N 303.00 304.00N SMR
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    • 141 10 FUEL OIL was talked at slightly higher levels yesterday. The temporary shutdown of refinery operations at the Singapore Refinery Company could lead to a shortage a prompt fuel oil supplies. Buyers were heard indicating as high as $57 net FOB Sing for prompt CST-180 lots. Indonesia
      141 words
    • 499 10 Reuter The Malaysian crude palm oil futures extended their gains at the close on further covering and speculative buying, with anticipation of lower palm oil production continuing to underpin the market. Trading increased on easiness in Chicago soyoil futures. Dec and Jan closed Msl2 higher at M 51.054
      Reuter  -  499 words
    • 240 10 Chinese Produce Exchange Sellers' noon dosing prices on Oct 26 (S$/100 kg) Coconut oil Bulk FOB 116.00 Old drum FOB 126.00 New drum FOB 130.00 Copra Mixed (loo—) 68 Pepper AA>jn?o4 whrte FOB Ntw 565.00 Sarawak wNt* FOB foq NIW 575.00 Sarawak spodal Made FOB NIW 382.50 Sarawak
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    • 201 10 Reuter THE price of tin on the Kuala Lumpur market fall another 19 Malaysian cants yoaterday to closa at M 519.33 a kg In sympathy with a waakar closa In Europa. Tha mark at extended Its Tuaaday's tachnlcal correction to recant rises as mlnsrs continued to dlapoaa haavlly
      Reuter  -  201 words
    • 117 10 Reuter A SHARP reduction in US soybean meal stocks at oilmills supported Chicago Board of Trade soybean meal futures prices throughout Tuesday's session. floor traders said. The lower stocks induced active local buying of CBT meal and selling of soybean oil which kept prices of the latter mostly lower
      Reuter  -  117 words
    • 182 10 Reuter LATE selling in Chicago Board of Trade soybeans and wheat influenced selling in corn which closed lower across the board on Tuesday. A commission house was featured selling about four million bushels of corn on the day in the four nearby contracts, and a professional house sold about
      Reuter  -  182 words
    • 370 10 HONGKONG: GOLD closed slightly higher in quiet and slow trading yesterday due to a lack of fresh incentives. Dealers said light buying by US investors in the morning, coupled with renewed local buying in the afternoon, helped prices finish at the day's high. Bullion closed at U*****40/90 an
      370 words
    • 292 10 London Commodity Exchange ftuyor/SoNof dosing prlcos on Oct 25, (£/tomo union spodfiod). Previous doting pricos In <fi CoffM Bosh In-tfof* lion OF Lond< Nov High/Low London, sollors opM 1138/1140 (1130/1134) 1138/1123 ion Ugh/Low Solo* 1136/1137 (1132/1134) 1138/1123 (1942) Cocoa Doc Kgh/Low Mor High/Low Saltt 811/812 (824/825 824/825 808/809
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  • Page 10 Advertisements
    • 133 10 r H EfeiPlrJ At Winners' we've made some adjustments to m your office hours to coincide with our Happy Hours! Your new hours are now 5 9PM. Got it? Good. Now 3et your friends and head for Winners' where prices are so low, they might as well be on the
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    • 148 10 toft- I -3f I r "1 i To Th* Gov*mm«U of India Tourist Office I i Please sernl me colour brochures on inieresnna pkhes to itsit i in India ifUM nttxr is moo. irnr*v The Traditional Splendour of South India The Beauty of India awaits you Come South to Madras
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  • ADVERTISING & MARKETING
    • 572 11  -  By GENEVIEVE CUA HONGKONG retailer Watson's, undaunted by Singapore's crowded retail landscape, is gearing up to invest another $10 million in eight new stores next year, with Orchard Road sites as the prime target. In the pipeline are plans to use
      572 words
    • 471 11 SPOR fS SHOE giant Nike's decision to project itself as a technologically advanced, high-performance brand is bearing fruit. Sales in Singapore are expected to hit $10 million this year, up by about 30 per cent from $7 million last year. Turnover in
      471 words
    • 590 11 AP US DISTRIBUTORS for Absolut Vodka from Sweden and Toyota cars from Japan are using pop-up ads, 3-D viewfinders and other devices to promote their products. The "Absolut Wonderland" ads are the latest step in marketers' efforts to cut through commercial clutter and get people to
      AP  -  590 words
  • Page 11 Advertisements
    • 225 11 SANYO To make absolutely sure that you choose the best copier, may we suggest that you put your foot down. o ■D 2 A M "A copier's work is never done'.' So it's our advice to you to leave no stone unturned in your search for the copier with high
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  • PERSPECTIVE
    • 489 12 SINGAPORE INC. That was a concept mentioned several times at the just concluded Global Strategies conference organised by the Economic Development Board to help chart government economic policies for the *****. The EDB has been noted over the years for its adept wooing of select multinational
      489 words
    • 1184 12  -  By SEAH CHIANG NEE THE DECISION by the opposition Singapore Democratic Party (SDP) to organise a six-month nation-wide boycott of NTUC stores is bound to raise the temperature of local politics. Political temperatures human emotions can easily be raised in any political arena.
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    • 542 12  -  In 1968, a 'non-organisation' which called itself the Club of Rome sparked a worldwide reassessment of the environmental, economic and social dangers of untrammelled expansion. As the club celebrates its 20th anniversary this week, CHARLES CAMPBELL gives an update of its latest
      AP  -  542 words
    • 646 13  -  The recent political turmoil in Burma has set back its anti-drug operations. In fact, drug production is expected to show a massive increase, reports MICHAEL RICHARDSON. MICHAEL RICHARDSON. IHT BURMA'S recent turmoil will cause a major surge in heroin exports to Europe and North America as
      IHT  -  646 words
    • 736 13  -  The first official talks between China and the Dalai Lama, Tibet's exiled spiritual leader, will take place in Geneva in January. However, some Tibetans are unhappy with the talks; they feel that he has already made too many concessions to the Chinese. ELIZABETH
      Reuter  -  736 words
  • Page 12 Advertisements
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      218 words
    • 112 12 Seafood Set Lunch j a The freshest 7% #CJ offerings froi 7% ft) offerings from TAIKAN-EN ocean deep. CHINESE RESTAURANT "L (Levd 6) Lobster... crab... prawn...sea bass...squid. Served steamed...barbecued... baked...deep-fried...spiced... chillied...or drunken. Come in a bigger group and enjoy a wider selection. And at these prices, you'd better head for
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  • Page 12 Miscellaneous
    • 23 12 BriStowr FtaalcDicfane Carroll'S mnm p»bout rue crocodile HOOJ IT seerns TO GRitJ i p\md spfcettDs its cj-auis AnD u)€J-ConeS LiTTi£-RSH£S in VwiTH SmiuiMGJPOOS."
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  • Page 13 Advertisements
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      174 words

  • LEISURE
    • 475 14 AP PETER CAREY, an Australian novelist, was awarded the coveted Booker Prize for fiction on Tuesday night for his love story, Oscar and Lucinda. A panel of five judges unanimously announced the award of the £15.000 (5552.500) after an 80-minute deliberation during a banquet at London's
      AP  -  475 words
    • 308 14 NYT WHEN THE CLOCK strikes the hour of midnight and it's Nov 17 in France. Japanese wine lovers will have already celebrated the arrival of the year's Beaujolais Nouveau eight hours before. That's because Japan is eight hours ahead of France in
      NYT  -  308 words
    • 788 15  -  By SANGEETA MULCHAND Flame of the Forest DBS Auditorium Oct 27. Bpm Admission Free-, Donations at the door will go to the Singapore Children 's Society. MIXING THE tabla and sitar with the piano and guitar isn't an awfully original idea but Singapore music group
      788 words
    • 178 15 AP A FORT WORTH, Texas, distributor says it will not handle the November issue of Spin magazine in Tarrant County because the edition contains a condom and explicit instructions for use. Trinity News Co has joined a number of other distributors, supermarkets, convenience stores
      AP  -  178 words
  • Page 14 Advertisements
    • 903 14 Where to entertain. The Szechuan Experience with the Meisan Difference Sawxir the finest S:echuan cuisine; aromatic, spicy gourmet creations in an exciting Mend of flavours. And discover the exquisite art M¥3lC A M of true enjoyment. i* lrlUd/\ni At the Meisan SZECHUAN BESTAUKAKT rvi I lie Dbiw.twrK S«c*man Inmmcumb Mrtum
      903 words
    • 331 14 It's the French Gastronomic Week! W Oohlal f The Hot fOoh la la! The Hotel Plaza Athenee, Paris comes to The Stables. Here you can uncover the and flavours of Paris brought to you by French Executive Chef Monsieur Claude Barnier. Be titillated by his delightful creations. And win a
      331 words

  • Page 15 Advertisements
    • 215 15 A Hot Date. October 1 to 31. Block Pepper Steak, Hubertus Grill style is simply not to be missed Ours is a prime US sirloin steak, grilled to perfection, topped with a zesty pepper sauce and served wtth buttered rice, a grilled tomato and a fresh green salad To all
      215 words
    • 228 15 mwm Treasure Hunt Land Lubbers Ahoy! Tis the Great Ballantine's Treasure Hunt Lay to me hearties! The Great Ballantine's Treasure Hunt is no ordinary quest for a grand booty. The plot was hatched over a Ballantine's Finest o'course in ye oP Singapore Cricket Club many moons ago. As the midday
      228 words
  • Page 15 Miscellaneous
    • 647 15 TCVMEKKB Bajm3(MD CRYPTIC PUZZLE ACROSS 1 A swing player (6) 7 Without experience of voting. etc (5. 3) 8 Tardy novice coming to tea. perhaps (4) 10 They guard treasures, yet possess no gems (6) 11 Knavish fellow, evidently (6) 14 He's in trouble now (3) 16 Possibly a test
      647 words
    • 1174 15 to as© oaajQ A change for Moore i THURSDAY FEATURE SPECIAL The Naked Face 10.45pm, Channel 5 Ex-Bond Roger Moore gets a change of pace in this movie as a psychoanalyst suspected by cops (Rod Steiger, left and Elliott Gould) of brutally murdering his receptionist and one of his patients.
      1,174 words

  • SPORTS
    • 560 16  -  By WALTON MORAIS THE TWO highest seeds remaining in the Carlsberg Singapore Men's Open tennis championship both had to come from behind, but Steve Guy and Paul Chamberlin were still smiling at the end of yesterday's second round matches. Top seed Guy
      560 words
    • 567 16 Agencies THE CROWD loved John McEnroe. It chanted "Mc-En-roe, Mc-En-roe'' as he came into the arena, cheered his warm-up shots and booed the returns by his opponent. He even raised his arms in triumph before the match began. Even though this was Paris, home turf
      Agencies  -  567 words
    • 354 16 Reuter NEW ZEALAND'S cricketers, who left yesterday for a two-month tour of India, are unlikely to better the record of their unsuccessful predecessors. Weak spin bowling, inexperienced batting and ageing quick bowlers means the tour, including three Test matches and
      Reuter  -  354 words
    • 416 16 NEW ZEALANDER Michael Fay has tarnished the America's Cup sailing series with court challenges that have turned it into a freak show, says Australian helmsman Peter Gilmour, the world 12-metre champion. "It was a freak show, if you like," Gilmour said in an interview on
      416 words
    • 333 16 Agencies THE AMERICA'S Cup will land in court again next month, this time with a majority of the threemember America's Cup Committee lined up in opposition to the defender's handling of the 27th defence. Meetings with New York Supreme Court Judge Carmen Ciparick
      Agencies  -  333 words
    • 214 16 UPI EIGHTY-SEVEN HORSES, including Kentucky Derby winners Alysheba and Winning Colors, undefeated filly Personal Ensign and streaking turf specialist Sunshine Forever, were pre-entered on Tuesday for the US$lO million, seven-race Breeders' Cup on Nov 5 at Churchill Downs. Alysheba can stake a major claim for
      UPI  -  214 words
    • 444 16 AP A MAN who lives on boxing's fringe spotted the former fighter and said, "How are you Mr Liston." "What,'' the fighter said, looking as if he had been struck. "What did you say?"' a bystander asked, while glancing at the old boxer. "I'm sorry Mr
      AP  -  444 words
  • Page 16 Advertisements
    • 22 16 (arkbctf Probably the best beer in the world. 'Live' telecast Carlsberg Singapore Men's Open Championships '88 Saturday 29th October, Channel 12, 1.15pm.
      22 words
    • 36 16 Tteppanyaki Set Lunch For Only $16 ssidsii? LKSuoogK 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
      36 words

  • COMPANIES & STOCK MARKETS
    • 584 17 mms mm™ By HOCK LOCK SIEW THE MALAYSIAN Budget proposed last Friday has rightly been described as a "corporate" budget. From the general five-point cut in the corporate tax rate to specific incentives for the manufacturing, property and capital markets sectors, the overall effect
      By HOCK LOCK SIEW  -  584 words
    • 344 17  -  Insider Trading Wd ALLAN NG PROSECUTION witness Thong Kok Khee said Standard Chartered Merchant Bank Asia Ltd (SCMBA) gave businessman Allan Ng and his associates confidential information on Sealion Hotels as Ng was considered a potential interested buyer of the company's
      344 words
    • 483 17  -  OUE subsidiary receives $1 million in compensation By CORRINA LIM WITH THE OWNERSHIP of the Adelphi complex changing hands, the agreement between the developer of the complex and Mandarin (S) International Hotels Re Ltd (MSI) to manage the hotel has been terminated. MSI, a wholly-owned subsidiary
      483 words
    • 505 17  -  By LONG SHIH ROME HUME INDUSTRIES (M) Bhd, a member of the Hong Leong group in Malaysia, is formulating a financing strategy aimed at achieving a more balanced mix of maturities of its bank borrowings. "We want to gain more flexibility in our financing
      505 words
    • 486 17 Reuter HONGKONG'S stock market. in the doldrums since the global stocks crash, has perked up as one of the British colony's oldest families battles a takeover bid for its prestigious Hongkong and Shanghai Hotels group. The Kadoories, a family whose trading roots in
      Reuter  -  486 words
    • 135 17 Bernama INNOVEST BHD s purchase of the franchise rights and assets of Sate Ria from Mara is being finalised. KFC Holdings (M) Bhd managing director Cheam Tat Pang said. He added that both parties were now working on the terms and agreement of
      Bernama  -  135 words
    • SES
      • 1367 18 EXPECTATIONS of selective good corporate results and a general improvement in market sentiment helped to boost share prices across the board on the local bourse yesterday. Brokers said the marginal overnight advance on Wall Street and the impressive 199-point gain in
        1,367 words
      • 144 18 TRACTORS MALAYSIA HOLDINGS Berhad: 23rd AQM at the Serunai 2, Petaling Jaya Hilton, 2, Jalan Barat ***** Petaling Jaya, Selangor Darul Ehsan, today. Oct 27, at noon. THE BUKIT KATIL RUBBER ESTATES Barhad: 74th AGM at N0.22 (Upper floor of N0.20), Jalan Hang Jebat, ***** Malacca, tomorrow. Oct
        144 words
      • 5439 18 1ft M Low Tel Last Dtv Dtv rw Net Vol Dey High Last Quote M Cap High Cod* Company Sale cr- C'vr (000) Low Buyer J letter Smtl SESDAQ 187 114 X 4000 Amtefc Eng 20* 127 unch 10.ON 7.1 1.5 9.0 1 127 127 126 127
        5,439 words
    • KLSE
      • 3312 19 NST INTERfiST In blue chips and quality stocks lifted the mood on the Kuala Lumpur stock market yesterday. But due to the lack of support far lower liners, the market ended mixed. Dealers satd th« support in quality stoeks is due largely to th* fact
        NST  -  3,312 words
    • REGIONAL MARKETS
      • 177 20 Paul Y test case for HK's new rules Reuter HONGKONG property developer Paul Y Holdings Ltd is the first company to test the HK stock exchange's tougher rules to close loopholes revealed in the October 1987 crash. A stock exchange official said the bourse began monitoring Paul Y a few
        Reuter  -  177 words
      • 1378 20 Hongkong THE HANG SENG Index yesterday closed above the key chart point of 2,600 for the first time since August 15 as the battle for control of Hongkong Shanghai Hotels intensified. The index closed at 2,610.62, up 26.09 points, helped by speculative buying. Tuesday
        1,378 words
      • 443 20 Reuter AFTER two trading days of heavy gains. Taiwan share prices edged down yesterday as cautious investors sold their holdings in a round of profit-taking. The weighted index closed at 5,881.05, down 18.98 points from Monday's 5,900.03 close but higher than a low of 5.871.89 logged in
        Reuter  -  443 words
      • 101 20 Reuter SHARE PRICES in Seoul yesterday fell slightly in moderate trading as the market failed to shake off Tuesday s doldrums, brokers said. The composite index was at 758.03 in the late afternoon, down 0.6 points from Tuesday's close. Turnover stood at 289.4 billion won against Tuesday's
        Reuter  -  101 words
      • 156 20 Reuter NEW ZEALAND share prices firmed on reasonable volume yesterday with brokers optimistic about the market's prospects. "The market is holding its own and the gains from last week aren't being eroded by profit-takers," one broker said. "Not a lot of stock is being offered," he said.
        Reuter  -  156 words
      • 232 20 Reuter THAI STOCKS closed sharply lower yesterday, pressured in part by low-er-than-expected third quarter earnings by Siam Cement, brokers said. Siam Cement announced third quarter per share earnings of 39.84 baht, down from 68.79 in the previous quarter but up from 29.38 baht a year earlier. Brokers
        Reuter  -  232 words
      • 147 20 Reuter SHARE PRICES in Bombay recovered to close mixed on fresh support yesterday. Brokers said anticipation of better corporate results bolstered sentiment after the market opened hesitantly. Institutional demand also helped the recovery. Brokers said expectations of improved halfyearly results from Tata Iron and Steel Co Ltd,
        Reuter  -  147 words
      • 629 20 Tokyo Reuter SHARE PRICES in Tokyo yesterday rose strongly on heavy turnover as investors turned more confident. "Oil prices are generally weaker, Japanese short-term interest rstes are falling and the yen is strong. The market rose on these triple merits,'' said Tadaaki Uehara. deputy general manager at
        Reuter  -  629 words
      • Article, Illustration
        557 20 Australia Reuter THE AUSTRALIAN share market closed barely steady yesterday after a lacklustre day of thin trading. Brokers said there was some overseas interest in resource stocks and increased options-related trade across the board. But one broker said the market performed well despite lingering nervousness after Tuesday's higher
        Reuter  -  557 words
    • WORLD MARKETS
      • 779 21 New York Reuter STOCK prices on the Wall Street on Tuesday ended a mostly directionless day narrowly mixed, as investors not already immersed in takeover situations took to the sidelines to await further reports on the economy. Weaker oil prices helped keep prices aloft, as did
        Reuter  -  779 words
      • 947 21 London Reuter LONDON shares showed a firmer bias at the opening yesterday but many issues remained unchanged at Tuesday's closing levels as investors again proved shy of active involvement in the market ahead of today's UK September balance of payments data. A higher close in
        Reuter  -  947 words
      • 1550 21 Reuter AMSTERDAM: Dutch share prices were firmer in fairly active midsession trading yesterday, with investors shrugging off news of a lower-than-ex-pected rise of 2.2 per cent in US third quarter Gross National Product. "The figure was disappointingly low but the market hasn't reacted. Sentiment is very bullish,"
        Reuter  -  1,550 words
      • 476 21 Reuter SHEARSON LEHMAN Hutton Inc has the financial clout to compete with dealmaker Kohl berg Kravia Roberts and Co in a more than US$2O billion buyout offer for RJR Nabisco Inc. analysts said. KKR on Monday offered US$9O per share or US$2O.3 billion to
        Reuter  -  476 words
  • Page 17 Advertisements
    • 125 17 t Promotion Offer Is Networking always expensive? Try our latest low-cost NOVELL ELS Netware Printer ct« 4473 J without obliQ® tlon^ vs y m Workstation Workstation I Workstation Now the advantages of file-sharing, resource sharing workgroup communications through linking of PCs is no longer unattainable. Even for small business. Check
      125 words
    • 73 17 CURRENCY INVESTMENT AMI Kl( AN I XI'IU SS HANK TEL: 321 3333 T J V r- *< IL YOUVE y 4 ii^F -r *i P r~. i y« v w m I r \l \~/r Fine cuisine, from formal dinners to cocktails and canapes, complemented by superlative service. Presented against
      73 words
  • Page 17 Miscellaneous



  • Page 20 Advertisements
    • 858 20 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I Chua Beng San of Apt Blk 215 Boon Lay Place #08-79 Singapore (2264), have applied for a Retail Beer Shop licence in respect of premises at M/s Meng Sundry Goods Trading at Blk 443 Jurong West Ave 1 #01-K1 Singapore (2264), and
      858 words
    • 676 20 IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF TOTUM FURNITURE PRIVATE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN in pursuance to Section 308(1) of the Companies Act. Cap 50. that a final general meeting of the abovenamed eompany will
      676 words
    • 173 20 RAHARDJA INTERNATIONAL PTE LTD (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306(1) of the Companies Act, Cap. SO, a final general meeting of the abovenamed Company will be held at 51, Anson Road, #02-57 #02-59, Anson Centre, Singapore 0207 on Monday, 28th
      173 words
    • 36 20 Do you know of a company that has dared to innovate? Call Adeline Yong on 344-8955 before October 31,1988, to nominate a company worthy of the Enterprise Award. BUSINESSMAN OF THE YEAR AWARD AND ENTERPRISE AWARD
      36 words

  • Page 21 Advertisements
    • 1222 21 BANK OF INDIA (Comrttuttd in India) BALANCE SHEET AS AT 31ST DECEMBER 1987 CAPITAL ft LIABILITIES INDIAN RUPEES PAID UP CAPITAL (wholly owned by the Central Government) 840.000.000 00 RESERVE FUND OTHER RESERVES 808.214,067 83 DEPOSITS AND OTHER ACCOUNTS 106,321,188,963.66 BORROWINGS FROM OTHER BANKING COMPANIES, AGENTS ETC 5,044,466,662.64 BILLS PAYABLE
      1,222 words

  • LATE FILE
    • 39 22 Bernama SINGAPORE Airlines will introduce the Singapore-Pe-nang-Langkawi direct flight beginning next month. Langkawi airport manager Ku Azizan Ku Hashim said yesterday that SIA would operate weekly flights every Wednesday using a Boeing 757 aircraft. Bernama
      Bernama  -  39 words
    • 57 22 Bernama A MALAYSIAN government backbencher yesterday called for an end to what he claimed were deviations in the implementation of the New Economic Policy, particularly in the the programme to eradicate poverty irrespective of race. Chua Jui Meng said steps should be taken to rectify the
      Bernama  -  57 words
    • 38 22 Bernama THE Mslo million palm oil promotion fund to undertake Malaysia's campaign in countering the US anti-palm oil lobby will be officially launched on Nov 7, said industry sources in Kuala Lumpur yesterday. Bernama
      Bernama  -  38 words
    • 34 22 Reuter MANILA will file at least 100 criminal cases against deposed ruler Ferdinand Marcos for spiriting public money into secret bank accounts in Switzerland, Solicitor-Gener-al Francisco Chavez said yesterday. Reuter
      Reuter  -  34 words
    • 28 22 Reuter SOUTH Africans of all races voted simultaneously for the first time yesterday in watershed local elections plagued by violence and boycotts.
      Reuter  -  28 words
    • 30 22 UPI PRESIDENT Kenneth Kaunda stood unopposed for re-el action to a sixth term yesterday in single-party parliamentary elections certain to extend his 24-year rule into the *****. UPI
      UPI  -  30 words
    • 29 22 Reuter THE government of Yugoslavia's southern republic of Montenegro yesterday resigned as fresh political chaos hit regions across the country, said the Tanjug news agency. Reuter
      Reuter  -  29 words
    • 74 22 AFP US industry bosses are the best paid in the world, ahead of the Swiss, the Japanese, the West Germans and the French. A study by the US consulting group Towers Perrin, published in Geneva yesterday, said the US boss, running a business with
      AFP  -  74 words
  • 453 22  -  Move will cost developer $15m more By TONG SUIT CHEE THE RESORT HOTEL being built in Sentosa by Beaufort International Hotels (S) Pte Ltd will cost $75 million, up $15 million from the previous estimates. Speaking to BT after a ground-breaking ceremony yesterday. Mr
    453 words
  • 378 22 MALAYSIAN Prime Minister Dr Mahathir Mohamad has been invited to deliver the 1988 Singapore Lecture. He will speak on "Regionalism. globalism and spheres of Influence: Asean and the challenge of change into the 21st century". Or Mahathir will be the first Asian speaker
    378 words
  • 237 22 Reuter THE EUROPEAN COMMUNITY will carry on supporting Third World exports to the 12-nation bloc after it removes its internal trade barriers by the end of 1992, said a senior EC official. Dieter Frisch, director-gener-al of development at the European Commission, said in
    Reuter  -  237 words
  • 86 22 Reuter COMEX silver futures drifted higher in New York yesterday on sympathetic buying from gold's early uptick, but activity remained slack due to uncertainty about whether the force majeure on metals deliveries by Peru's Centromin also covered silver. December silver rose 5.2 cents at U556.33 an ounce, which
    Reuter  -  86 words
  • 152 22 Reuter NORTH KOREA has rejected a proposal by South Korean President Roh Tae-woo to set up a six-nation conference that would work towards reunifying the divided peninsula. The Council for the Democratic and Independent Reunification of the Fatherland described the proposal made by Mr
    Reuter  -  152 words
  • 89 22 THE ECONOMY is back on the upswing and well on the growth path. Companies are again looking for ways to improve productivity and competitiveness. In offices, this means finding the personal computer, word processor or typewriter best suited to the company's needs, its budget and
    89 words
  • 134 22 AFP JAPAN may propose to the Organisation for Economic Cooperation and Development an economic indicator system to control structural adjustments among its member-countries, officials said yesterday. A Foreign Ministry official responsible for international organisations said that Japan was studying the idea but
    AFP  -  134 words
  • 170 22 FT A DETAILED blueprint to improve the functioning of the General Agreement on Tariffs and Trade and to enhance the trade organisation's role in global economic policy-making has been tabled in the Uruguay Round of multilateral talks in Geneva this week. Prepared by
    FT  -  170 words
  • 392 22 AFP INDONESIA'S ruling Golkar party has pledged consistent renewal in the country's political life and expressed support for efforts to achieve a clean government. "Golkar is determined to improve what has been achieved by the Indonesian nation by continuing efforts towards consistent and earnest
    AFP  -  392 words
  • Page 22 Advertisements
    • 187 22 The art of fine living. Beautifully furnished dining rooms, separate fully equipped kitc hens, elegant one or two bedroom suites right in the heart of ()rchard Road. At The A soot t. we take pride in giving our clients their own home. A spacious, private living environment that offers the
      187 words
    • 172 22 Ken-Air Rent a Car scores another Ist with the new and exciting Toyota ÜBSH Corona 1.6 CD \WWBSim Business Class... the Ist and only rental car in Singapore equipped with compact disc player. Now available for your driving pleasure, on daily and weekly rentals. For reservations, please call *****82 or
      172 words
    • 0 22 /`>](-%)_;&*/~(]|}){$=@-,"")\<{
      0 words

  • SHIPPING TIMES
    • 295 23 TO STREAMLINE its operation, Nippon Yusen Kaisha has integrated two services covering Taiwan, Japan and South-east Asia into a single entity under TSK Line. The reorganisation, which took effect on Oct 19, involved the Straits-Taiwan-Japan service operated by its subsidiary Shofuku Steamship and the Indone-sia-Japan service
      295 words
    • 201 23 AFP THE GOVERNMENT of Gibraltar has launched a new international shipping register to replace an existing one, in a bid to appeal to a wider spectrum of shipowners, a government spokesman said. The government has launched its international register in a joint venture company with
      AFP  -  201 words
    • 316 23 Reuter INTENSE competition in the 1990s will force ports to innovate and simplify tariff structures, offer a high quality of service and develop a strong marketing strategy if they are to prosper, said a panel of experts at the Caribbean Shipping Association annual meeting in
      Reuter  -  316 words
    • PORTSIDES
      • 102 23 Reuter THE Far Eastern Freight Conference said it changed the currency adjustment factor (CAF) for Hongkong to 21.50 per cent from 17.50 per cent previously, and for France to 37.08 per cent from 28.50 per cent. The new French CAF also takes a European Area
        Reuter  -  102 words
    • 747 24 AP IRAN is about to end its tanker shuttle from the Kharg Island oil terminal to the southern Gulf, Teheran's much-attacked oil export artery during the eight-year-old Gulf war with Iraq, shipping circles in London and the Gulf said. The London-based Lloyd's Shipping Intelligence Unit,
      AP  -  747 words
    • 281 24 Reuter SHIPPING disasters are a regular part of life in the Philippines. Hundreds of cargo and passenger ferries, the main form of transport for the poor, ply among the Philippines' 7,000 islands sprawling a thousand miles aslant the Pacific Ocean. Boat owners are frequently accused
      Reuter  -  281 words
    • 141 24 HUNDREDS of people were (eared dead in a Philippines ferry disaster and Coast Guards reported they had recovered only one body after hunting for more than 36 hours. Only 18 survivors have been found so far. Coast Guard and shipping company officials said the
      141 words
    • 794 24 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Adrich Shpg VII 1 Alltrons 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
      794 words
    • 388 25 Lloyd's List SOLICITORS acting for Norwegian operator Gill-Johannessen have succeeded in freezing the assets of Hyundai Corporation in at least four countries in a bid to secure more than US$B million from arbitration awards. The action has been taken in the UK, Netherlands,
      Lloyd's List  -  388 words
    • 590 25 Fairplay SOUTH Korean shipbuilder Hyundai has admitted that it did not believe the design for the probo vessels ordered by Norwegian interests in the early 1980s could work. Nine probos (products/ore/bulk/oil carriers) were built in Korea. Three were for the account
      Fairplay  -  590 words
    • 313 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
      313 words
    • 71 25 Reuter THE Liberian tanker Balaki, which broke down between Taiwan and the Philippines, now has a flooded en-gine-room and cracked hull, Lloyds Shipping Intelligence Service reported. Its situation is stable but the mas- ter is prepared to abandon ship.Stormy weather due to
      Reuter  -  71 words
    • 1077 30 INCREASED grain chartering on Tuesday is reported out of the US. with a lump sum of U551,105,000 reported to have been paid for the Thalassini Tyhi for a voyage from the Mississippi to the Netherlands. shipbrokers said. The vessel has been secured for around 86,000 long tons and
      1,077 words
    • 5229 30 aarmus Sha Ha China OcMn Od 27 Anna Ma.ru MwM Lin. Oct 28 London ExprM. Triot Od 29(PK>. Ev.r Or man EvargrMn Od 29 Ming Pronwnanca Y.ng Ming Od 30 Villa da Jupitar CM D Atrattamant Od 31 B Parmai ScanOutcht Od
      5,229 words
    • 1106 30 AT CONVENTIONAL WHARVES Istono VI 1* 27 10,1200 28 10/2300 Jorfatot J4/5 27 IOOBOO 27 10/2300 Departure Komo'er i JB 27 10,0600 2B 10,7300 VMNI Berth Arrival Kupori a 2710/2000 2B 10,7000 KEPPEL WHARVES Mulio Seroyo/T M 2710/1100 27 10/1500 Pernas S.men JtO 27 10/2030 29 *****0
      1,106 words
  • Page 23 Advertisements
    • 551 23 TIMES STP Distributors OOCL WW jAftOtNE IHIPPIBB AGENCIES 200 Cintonmam Road #12-05 Soumpoim. Singapore 0201 Til. *****11 Ttlii RS ***** Facs.fn.li *****09 TERMINALtFS Til *****1*. *****19. *****20 FOB CUSTOMER SERVICE INQUIRIES ANO BOOKINGS Til *****304 PEIAKA JAR OWE IWPPIBB AGENCIES SON BHO PORT KELANG Til *****1S Tatar MA *****/ MA
      551 words
    • 89 23 mm IRAN is about to end its tanker shuttle from the Kharg Island oil terminal to the southern Gulf, Teheran's much-attacked oil export artery during the eight-year-old Gulf war with Iraq, shipping circles in London and the Gulf said. Page II SOLICITORS acting for Norwegian operator GillJohannessen have succeeded in
      89 words
    • 593 23 INTERMARINE SUPPLY CO (PTE) LTD T«<: *****33 lines) TU IMCCO R*****8 Fax *****77 MAERSK LINE CONTAINERISED, COMPUTERISED AND THOROUGHLY-ORGANISED H Th« «M> ANNA M Closing Tune CY 28/10 1200 MRS CFS 28/10 0800 HRS To Europe—UK Scandinavia Finland ANNA M WI M ROTTERDAM Ml 2 M TOKYO MM ANDERS M
      593 words

  • Page 24 Advertisements
    • 538 24 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT LONDON EXPRESS LA SEINE BENALDER KURAMA MARU BENAVON CONTAINER SERVICE FROM UK/CONTINENT CONV/SEMI-CONTAINER SERVICE TO MED EUROPE ft gS&ZPJO Singapore *****00 Bookings *****08 CFS *****48 K. Lumpur *****25« P. Kelang *****18 CFS *****50• Penang *****7, *****2 A TRANS PACIFIC Transport SERVICE WEEKLY FULL CONTAINER SERVICE
      538 words
    • 19 24 Lines and services represented by Members of the Registry of Accredited [-fir®'®-) Shipping Agents. Singapore National \V^SbWcJ Shipping Association
      19 words
    • 393 24 Agents I'll POLISH OCEAN LINES Optorg Shipping Pte Ltd Tel *****44 P Keang IUW 2 3 Tele« RS ***** Petalinj Ja.a T *****03 fn *****51 Penang *****5 EACON SERVICE (FULLY CONTAINERISED SERVICE) FROM EUROPE RUHIAND m 0. SROTEWOHI yu L THAfLMAW VU H CESIELSKI 2/M CANARY ISLANDS GDYNIA VESSEL P
      393 words

  • Page 25 Advertisements
    • 1324 25 The Straits Steamship Group Mansfield Container Shipping Re Ltd P&O Containers CONTAINER SERVICE TO UK/CONTINENT: LONOON EXPRESS LA SEINE KNALOCR H(J RAMA NADU KMAVOft OSAKA BAT S port P Klwif S tan H'bufj B'luvwi R'dwn l»h 2910 JO'lO 17/U I*ll 21/11 22/11 24/11 ail 21/11 23/11 24/11 21/11 27/11 93/11
      1,324 words
    • 544 25 ru All i£Li'll*QlJjlAXLlXi U II LWL 'jti&iJuLiX WW 3 a A review of the latest currency values in October 1988 has resulted in a radical upward adjustment of the Currency AdjustmentFactor from Singapore and W. Malaysia. The above Conferences, therefore, wish to announce that with effect from 30th October, 1988
      544 words

  • Page 26 Advertisements
    • 648 26 IHSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC Of IRAN SHIPPING LINES IRANIAN SERVICE Singapore Loading for IRAN ELHAM PJL 659 IN PORT BANDAR ABBAS KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSI HK LOAD FOR: KYOWA HIBISCUS V 33 3/11 VILA. NMA. LTK. SUVA. PAGO. APIA KYOWA VIOLET V 22 2/12 VILA.
      648 words
    • 746 26 tC&LINE FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ T Mtmb ,he ce c< ,so ,,u,,l ACE CONCORD 17W ORIENTAL CHIEF UW TRANSWORLD BRIDGE 45W NEPTUNE CRYSTAL «W CHINA CONTAINER 48N HONGKONG CONTAINER SIW tun Y CONTAINERISED TO/fROM NORTH AMtRICA WFS! COASi St* BU LA OAK 12/11 25/11 27/11 11/11 1911
      746 words
    • 301 26 FREIGHT LINKS EXPRESS PTE LTD DIRECT FCL LCL SERVICE TO JAKARTA ETA 4/11 11/11 AFGHANISTAN NEW SERVICE KABUL/HAIRATAN/TORGHUNDI 4/11 'illl V I AUSTRALIA/ NEW SYDNEY, MELBOURNE FREMANTLE Also accepting to Darwin AUCKLAND, WELLINGTON, LYTTLETON, DUNEDIN NAPIER EUROPE HAMBURG, ROTTERDAM. BARCELONA. FELIXSTOWE. LONDON. ANTWERP Also accepting to: Scandinavian European inland destination.
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    • 973 26 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPT INC CARGO TO 1) PROVIDENCE. NEWARK, SAVANNAH BOSTON PHILADELPHIA NORFOLK JACKSONVILLE. WILMINGTON. BERMUDA ETC 2) ATLANTA CHICAGO DETROIT COLUMBUS I OTHER MAJOR MICROBRIOGE OCSTINATtONS 3) BALBOA I WON 4) MONTREAL TORONTO VIA N€« Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) US WEST COAST
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  • Page 27 Advertisements
    • 932 27 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE ROTA EAGLE MAJAPAHIT ACCEPTING MURORAN/HITACHI CARGO VIA HKG JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE SIN 20/10 J/11 5/11 10/11 17/10 JKT 30/10 0/11 0/11 12/11 10/11 VESSEL KOTA MELATI SEA QLORV KOTA EAGLE
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    • 409 27 BEN LINE CONTAINERS TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA, FIJI AND NEW ZEALAND FROM NEW ZEALAND MAIN LINE AftISTOTELIS 3N ANAN6EL LEADER lON ACRITAS 3N AKL NAP TIM 24/9 29/9 1/10 11/10 a/10 26/10 TIM TCA HKG(TS) SIN 2919 6/10 21/10 29/10 13/10 17/10 5/11 15/11 29/10
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    • 459 27 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. OESURI LLOYD P.T. SAMODERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY MATARAM/22W8 L.J BONTANG/16WB SRIWIJAYA/25W8 ANTWERP H BURG/ RDAM/ADAM BREMEN 15/12 20/12 18/1 21/1 23/1 26/1 Subject to Inducement. Also accepting cargo to CaeaMence, Port
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    • 432 27 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) S'pore Pi tan? z PAGAN VI32W j MYOMA YWA VII2W Jl Oct/2 Nov PA-AN Vl2*» 7(TSii Loading for Rangoon S'pore P.Kelang Penang Bangkok lnPt/30 Oct 2S/77 Oct JifX Oct J1 Oct/7 Nov 7/9 Nov £2* BANK LINE SEMI-CONTAINER SERVICE
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  • Page 28 Advertisements
    • 751 28 13 KAWASAKI KISEN KAISHA, LTD. K'uni FEEDER VESSEL RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH N. AMERICA-ATLANTIC COAST NYC 3/12 10/12 17/12 24/12 HFX 7/12 14/12 21/12 2S/12 CHLS 29/11 6/12 13/12 20/12 NFK 1/12 1/12 15/12 22/12 •INDO 24/10 31/10 7/11 14/11 •PK PNG SGP LB 19/11 26/11
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    • 339 28 u> mi i SR Jmrd JARDINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAD #12 OS SOUTHPOINT. SINGAPORE 0? TH: *****11 TELEX NO: RS ***** TERMINAL/CFS Tel *****18 220 BOOKINGS Tel. *****34 235 OOIUGIUAMA LJIUE S POKE P KELANG PENANG INCHON BUSAN MALAYSIA CLOUT VKB 4 N#v 5 N#v I
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    • 622 28 'M AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL7FCL Containers INDIA EXPRESS CONTAINER SERVICE AccepMng FCL/FCL Container* Stnpeort P Ketang Penang Mother Vjl By Feeder By Feeder Hid Cal CbOiMadfts IS Nov Hid Cal Cbo Madras II Nov Colombo/RandM/Bombay INDIA/JAPAN/INDIA SERVICE Accepting FCL Container* and Conventional Cargo Ala© accept* Metals ft Steel
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    • 610 28 GG. GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD B. Tito* A»ar Straat SINGAPORE 01* TEL SM3M (II LINES) Fu BOW STRAITS/PERSIAN GULF SERVICE: S*i OOLMN HAIIWtST Cotombo'lUracfcOutiii In Spore P Ketom Penant OOLMN WONOCR Colombo H*ad» Dub* 7/1 No* CHINA SERVICE A VESSEL Humtpu Sh*<|h». 4ft CHINA OCEAN SHIPPING CO.,
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    • 290 28 I'B PHILI OnifNT LIN€S PT€ LTD HEAD OFF ICE 63 ROOINSON ROAL -07 12 AFRO ASIA BUILDING SINGAPORE 01C6 Ttlf* RS ***** PHILI Fir ??-S6'6 WWII EACT/FAI EAIT Fa ft La «IC VESSEL ETA SINGAPORE DESTINATION V 10 AFMCA/MEIfTERMKAN FCI A LCI ONCE IBM Fa a LCI ems I tss
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  • Page 29 Advertisements
    • 821 29 ELNOL NEPTUNE ORIENT LINES LTD Agents Spore Tel No P Kelang K Lumpur Perung J Bahru NEPTUNE AGENCIES PTE LTD Ganaral Enquiries: Tel: *****77 FE EU/AUST TPA/SEA crs *****53 BOOKINGS Terminal *****22 NEPLINE SDN BHD V*MI NEPLINE SON BHD 2****** NEPLINE SON BHD uaasMimiuntinvtu NEPLINE SON BHD *****0/*****1 *****53 *****42
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    • 382 29 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. KEELUNG. BUSAN, INCHON fcWTffl ;T 4 ;Vi M= 1) BUSAN SINGAPORE 10 DAYS SERVICE It SINGAPORE/ KEELUNG SERVICE!! Vessel's Name ETD BS S PORE PKLG KEE BUSAN MOJI wDRACNET 902N IS/10 IN PORT 30-31/10 12-15/11 17/11 NO 9
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    • 726 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 ***** PENANC P KELANG MESSRS HAI THONG SHIPPING 127 Penang Street. Pewg. Malaysia M/S HANDLING SYSTEM CO SON
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  • Page 30 Advertisements
    • 276 30 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 (30 Lines) FAX *****39 *****76 TUEX RS ***** A/B SSCMA. RS ***** A/B SSCAD r DSR-LINES VEB DEUTFRACHT SEEREEDEREI ROSTOCK < INTEGRATED CONTAINER SERVICE MEMBER OF EACOM SERVICE TO EAST MEDITERRANEAN ft NORTH CONTINENT EUROPE -VIA lARNACA ACCEPTING CARGO Ft* LIMASSOL, BEIRUT.
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    • 86 30 .K. line: WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL TSKLINE OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MV. KABUKI Vl4 ETA SIN 2/11/88 4 DAYS 5 DAYS 8 DAYS 9 DAYS 10 DAYS 11 DAYS SPORE KAOHSIUNG W SHIMIZU NAGOYA KOBE TSKLINE AGENCIES (S) PTE LTD TEL: *****68 W MALAYSIA
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  • Page 30 Miscellaneous
    • 149 30 Regional Weather s 7. 'A •I V* «i i A s 'a m ity i m SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. Oct 27, 1988 LEGEND R Thunderstorm X\ 10uu Weathet _X W«<J drection wrtti speed •> knots •°£U», N Sortoce wwedi ore Mdacoted by D»HI wktcfc Hj
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  • Page 31 Advertisements
    • 684 31 REGULAR EXPRESS FCL LCI SERVICE DESTINATION BANGKOK PORT KELANG, PENANG (FCL) HONG KONG KEELUNG. KAOHSIUNG MANILA JAKARTA (FCL) TOKYO, KOBE, BUSAN (FCL) .KARACHI. BOMBAY. COLOMBO (FCL) ETA SINGAPORE JARU BHUM 14N ARNSTADT V 17 THANA BHUM V.07 BUNGA BUTANG 492 KITI BHUM 224F 31/10. 12/11. 14/11. 22/11 31/10. 2/11, 7/11.
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    • 376 31 CSP SHIPPING AGENCIES PTE. LTD. Tel: *****66 (16 Lines) Fax: *****61 Tlx ***** CSPFRT LCL FIXED CONSOLIDATION TO:MARSEILLES/GENOA KEELUNG/MANILA BUSAN/KAOSHIUNG IOKVO/KOBE/OSAKA to USA (ALL PORTS) (LCL) to Auckland (LCL to Antwerp (LCL to Copenhagen (LCL to Fremantle (LCL to Busan (LCL to Chlttagong (LCL to China (All Ports) (LCL to
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    • 799 31 <CFS> CRYSTAL FREIGHT SERVICES CRYSTAL" WEEKLY CONSOL SERVICES U.S.A. A LOS ANGELES 3/11/88 AUSTRALIA A MELBOURNE/SYDNEY 2/11/88 FAR EAST BUSAN 4/11 BANGKOK 1/11 HONG KONG 4/11 KEE/KAOH 2/11 CALL BOOKING HOTLINE FOR BEST RATES 2233 9 2 2 TEL: *****08 TELEX ***** CFSIN FAX: *****88 PLUSCOL INTERNATIONAL PTE LTD WORKABLE
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    • 199 31 Tatsumi Marine D4RECT 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) STORE: NEPTUNE AGENCIES PTE. LTD Til: 27*9977, *****34, *****71 MT. OFFICE: TO MMME UNICES PTE. LTD. (STORE) TEL: SMBS
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    • 374 31 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 01 IRAQI LINE IMQ 1 »0» M»»tTIMI MV SINOBAD EAST BOUNO SERVICE ETA S PORE LOADING FOR 2S/10 Japan THROUGH 8/It to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA t BAGHDAD REEFER SPACE AVAILABLE UPTO AQABA
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  • Page 32 Advertisements
    • 447 32 Hai Sun Hup Co (Pte) Ltd rEL *****06 (20 Lines, TLX HS ***** RS ***** U I \s| IK\ \K I INI R I I I). \h^- J STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! toy. no. S'pore P. Kelang Kuantan Hong Kong Yokohama 21/11 2/12 Nagoya 30/11
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    • 208 32 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEJU-COWTAt® SERVICE TO TAYBANK V4S COLUMBUS NIUGINI VIS Port Moresby. Lae, Rabaul, Kimbe Port Moresby. Lae, Orobay, Rabaul Accepting LCL cargo for main ports discharge and also to Wtwak, Kavieng, Alotau. Kieta. Honiara via Transhipment Port Kelang's Agent: H C
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    • 233 32 w P.T. MASKAPAI PELAYARA PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA t THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****54/*****70 VOY SIN JKT PAJ SIN lIS 30/10
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    • 618 32 'M 2¥ 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 TO EUROPE OTHER LK.SIIKAIIUfIY AAKNUY 1 tnuw, Miwur. HHU, »«w», BREBKRHAVEN. COPENHAGEN. HELSINKI. MALMO OSLO. STOCKHOLM. UK FROM EUROPE VSL
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