The Business Times, 29 November 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, NOVEMBER 29, 1988 75 CENTS
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  • 262 1 AP Dow Jones lower WALL STREET stocks opened slightly down yesterday, with the Dow Jones index of leading industrials shedding 0.18 points to 2.074.50 in the first five minutes of trading. This followed the Opec quota agreement announced by several members. Brokers said that while the market
    AP  -  262 words
  • 407 1  -  TWO MAJOR BANKS IN PURSUIT OF MORE SPACE By ALVIN TAY, Financial Editor THE POST Office Savings Bank (POSB) is to build a new $115 million headquarters in Robinson Road, on the site now occupied by the Criminal Investigation Department BT
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  • 266 1 REGIONAL stock markets had a poor start to the week with Tokyo suffering its worst fall since September as investors continued to worry about oil prices and interest rates. The Nikkei's 380.27-point fall on high turnover sent ripples through the local stock
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  • 516 1  -  By LEE HAN SHIH,CORRINA LIM A YEAR after it spun off its property arm as a separate entity, DBS Bank has returned to the property market with a vengeance. It has embarked on two major deals that could be worth $350 million or
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  • 129 1 THE US DOLLAR rose for the first time in a week on Asia's foreign exchanges yesterday, amid prospects of higher interest rates and official intervention aimed at checking its further decline. In Tokyo, the American currency closed at 122.00 yen. recovering from last Friday's
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  • 534 1 Reuter OPEC has reached an agreement on a new pact to cut oil output, said Iran's senior delegate to the Vienna talks, Fereydun Barkeshly, yesterday. The agreement was confirmed minutes later by Saudi Oil Minister Hisham Nazer, who said ministers would
    Reuter  -  534 words
  • Page 1 Advertisements
    • 70 1 Nikon The World's Finest Photographic System. PtLOTV-pen A pen to express A pen to impress v y The fountain pen look alike that'll move you to express yourself, impressively. The Pilot V-pen with seethrough liquid ink system and yours for only $2.20 Available at all leading department stores and stationers.
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    • 291 1 AND CONSTRUCTION A BT Special Supplement HOME FINANCING. Find out all about the bitter tussle between banks and finance houses to provide more attractive home loan packages. Get your free 28-page special Business Times property and construction supplement tomorrow. Don't miss it! Full report, PAGE 16 Regional Mkts, PAGE 18
      291 words
    • 5 1 Oil prices ease, PAGE 8
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    • 167 1 f i Nikon The World s Finest Photographic System like you. guyai (It takes less than 30 seconds to read and we've underlined the main points for you.) Now you don't need a different credit card account, a different savings account, a different current account, or a separate ATM facility.
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  • HOME NEWS
    • 448 2  -  By JOHN TAN SINGAPORE'S duty-free shops last year raked in the fifth highest sales among du-ty-free outlets around the world, according to the latest publication of a Swedish market research firm. The Best 'N' Most in DFS 1988/1989 edition said Singapore's duty-free shops turned
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    • 374 2 SINGAPORE'S advertising fraternity found itself both encouraged and taken to task yesterday when Mr Mah Bow Tan, Minister of State (Communications Information) reminded advertising practitioners of the power they held over society.
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    • 290 2 SINGAPORE'S bid to host the 1994 World Advertising Congress was strengthened with the inauguration yesterday of The Singapore Chapter of The International Advertising Association (lAA) The lAA is the only worldwide association representing the three major sectors of the advertising industry advertisers, agencies and media.
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    • 379 3 Seminars and tWS* 7S CAHNERS EXPOSITION GROUP Courses mmm v-i Tel: *****13 Tlx: RS ***** CEGSP Fax *****66 J Dec 7-9 Effective Writing RGA Training Roger Gill and *****60 Skills for Centre Associates Executive Secretaries Dec 7Certificate in Desktop National National *****66 Feb 8 '89 Publishing Productivity Productivity
      379 words
    • 247 3 THE NATIONAL University of Singapore (NUS) will spend $23.6 million over the next two years to upgrade and expand its computer and data communication resources. According to the November issue ot Campus News, these upgrading measures are part of the university's Computing Resource
      247 words
    • 54 3 OF THE 43,222 pupils who sat for the 1988 Primary School Leaving Examination, 86.5 per cent passed. The passing rate was the same as last year's when 41,922 pupils took the examination. In 1986, the passing rate was 85.6 per cent. Pupils may collect their PSLE results
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    • 470 3  -  By ANNA TEO SOME 25 COMPANIES seeking engineers and technicians have responded to Seagate Technology's call to absorb the 800 employees it laid off last week. But what these companies need most are production operators. None such workers were retrenched by Seagate in its drive to
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  • Page 2 Advertisements
    • 258 2 vt>v moonphase display, by IWC. Yfct another great work from a group of old masters. The automatic Da Vinci Chronograph with perpetual calendar and moonphase display by IWC. Eloquent proof that the future does not belong to the computer alone: A truly remarkable mechanical movement with a totally new calendar
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    • 47 2 [FAS'IKRX (ARJ'KISH Specuhscs m Fine Hand-knitted Carpets mid-week evening Auction Sale Wednesday, November 30,1988 Qrand Ballroom Hilton International Singapore viewing cocktails: 4pm 7pm Auction Sale: 7pm 8.30pm Auctioneers Cheong Koon Seng (CKS) Auctioneers I Valuers Pie Ltd Showroom #03-18 Raffles City Shopping Centre Tel: 338 8135/338 8468
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  • Page 2 Miscellaneous
    • 61 2 r 09/06 Rain 32/24 Cloudy 17/08 Rain 29/16 Sunny unav 32/24 Storms 22/16 Clear 14/09 Cloudy 10/02 Cloudy 20/09 Clear 08/05 Clear 30/22 Showers 17/1 2 Showers 24/08 Cloudy 25/23 Cloudy Moscow Nassau New DeM New York Nicosia Oslo Ports Perth Rio 'Janeiro Rome San Fris'co San Juan Santiogo Sao
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  • Page 3 Advertisements
    • 189 3 sT*pr M Jh s 1 j ES< -«<*r -MB# f»J 5S* »-v» 4? *>*■*%□ iSMt W@rl s *5 M*# I V>* *Mf! 3X' **wW, I f <•«. Tfc-t v- n V w ari w&c 1 «*#> v J *>. r .'**< i ~i£ >4*. > k V' .i. *fc t
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  • Page 3 Miscellaneous
    • 42 3 Doonesbury 30Y-. NOW I'VE S££MSV&YTHIN6! 2 Wi Wm to m THSXSS A UfOMAN ON CMANNSLZ e/VTNOB/fUH UVBONTHB t 6^ Wa BY GARRY TRUDEAU VOI/RB KIDPIN6. OH, MY GOP... YOUKNOHJ, SHE LOOKS VBRi FAMILIAR. SHE LOOKS UKB... UK3... rj m mm ss m
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  • ASIA-PACIFIC
    • 412 4 Reuter, UPI PHILIPPINE President Corazon Aquino says her government is no longer endangered by the communist insurgency or rightwing coups and can now focus on economic development, according to the latest issue of Newsweek International. Interviewed last week on the I,oooth day
      Reuter,; UPI  -  412 words
    • 228 4 Reuter RADICAL AND MODERATE Arab countries have denounced a US decision to deny PLO leader Yasser Arafat access to the United Nations, saying the move cast doubt on Washington's commitment to Middle East peace. King Hussein accused the United States of trying to snuff
      Reuter  -  228 words
    • 244 4 Reuter VIETNAMESE FOREIGN MINISTER Nguyen Co Thach says Manila should not attempt to tie the removal of superpower military bases from the region to the withdrawal of Vietnam's forces from Cambodia. "There is no link between the two. The history of these two things are
      Reuter  -  244 words
    • 154 4 UPI UNOFFICIAL CONTACTS between Taiwan and China are increasing as Taiwanese officials seek the extradition of white-collar criminals from China. The Nationalist-backed government in Taipei maintains an official "no contact" policy towards Beijing, but Taiwan's national police administration, aided by the special international security force Interpol,
      UPI  -  154 words
    • 43 4 Reuter PRESIDENT Qhulam Ishaq Khan will name Pakistan's new prime minister on Thursday, bringing the date forward after protests from leading contender Benazir Bhutto. The government had earlier said the prime minister would be named after Dec 5. Reuter
      Reuter  -  43 words
  • 693 4 ARRIVALS Operator Sorvtc* MNMbw Local Mm* From CPX CX713 1500 HKG/8KK MAS MH611 1505 KUL KLM KL831 1510 AMS/D61 MAS MH631 1520 8KI SW« SB 188 1555 ZRM/GVA/80M MAS MH613 1605 KUL ANZ TE25 1620 CHC/AKL AtC A1432 1630 80M/MAA/KUL SiA SOI 11 1705 KUL SU SO
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  • Page 4 Advertisements

  • OVERSEAS
    • 546 5 AFP EUROPEAN COMMUNITY leaders, gathering for a summit in Greece this week, will seek to ease Japanese and US fears that the single EC market of 1993 will build a protectionist "Fortress Europe", diplomats in Brussels say. The two-day meeting on
      AFP  -  546 words
    • 334 5 AFP. A MAJORITY of Americans favour defence cuts to reduce the United States budget deficit, but oppose most new taxes. A survey by The Associated Press and the press group Media General, released on Sunday, found the budget deficit topped concerns
      AFP.  -  334 words
  • Page 5 Advertisements
    • 77 5 FOR SALE BY TENDER FREEHOLD INDUSTRIAL LAND AT PEREIRA ROAD LOTS 8-4, 8-5, 8-6 8-7 MK 24 II s-s S2 1 a Development Potential: Planning approval has been obtained for the building of an 8-storey factory cum warehouse block. TENDER CLOSES AT 4 P.M. FRIDAY 16TH DECEMBER 1988 Particulars Tender
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    • 80 5 sleigh SANtt to STYIE M > M t Iff II *r jaiuiismlmilliiiiKii I Hllllll 1 p <\ f« .V J v -V J<%>3» *<-■ 1 -1 t*. IP3 ,f w 1 J* /4r Tudor Court, a bagful of designer goodies to make Christmas something to remember for those who have
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  • MONEY AND EXCHANGES
    • 840 6 SINGAPORE: Despite the staggering UK current account deficit of £2.4 billion in October, sterling continued to strengthen on the back of Friday's base rate hike by a full one per cent to 13 per cent. The three-month interest rate differential between sterling and the D-mark now stands at
      840 words
    • 228 6 Interbank rates at 3pm yesterday: CufTtnclM Momir BIO tel rates OfFER croee pertty Local dollars to c m« unit of foreign currency: US dollar 1.9420 1.9430 2.8196 -31.12 Sterling pound 3.5742 3.5780 7.3469 -51.35 Australian dollar 1.6895 1.6923 3.4286 -50.72 NZ dollar 1.2710 1.2736 3.4286 -62.93 Canadian dollar
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    • 269 6 ASIAN DOLLAR deposit rates closed slightly higher in moderate trading yesterday following the firmer US Federal funds rate and weaker bond prices. Dealers said market speculation that the Federal Reserve will have to soon raise its discount rate to support a weaker dollar also aided sentiment. Among
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    • 492 6 Reuter EURODOLLAR futures closed mixed on Simex yesterday compared with last Friday's Chicago levels after active two-way trade. The undertone was weak due to a high US Federal funds rate and expectations the Federal Reserve will tighten monetary policy and increase the 6.5 per cent discount rate. The market
      Reuter  -  492 words
    • 220 6 AFTER hovering inside trading ranges in slow afternoon trading on Friday, IMM currency futures ended higher. A one-point hike in UK money market rates buoyed sterling futures. Despite reported Bank of England and Bank of Canada intervention on Thursday and Friday, the Canadian dollar continued rising. Values slipped early
      220 words
    • 100 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity WD OFFER HIGH LOW 3 month! RQ*****Z 23.02.89 3JS7 3.52 3.59 3.55 6 months BY*****Z 23.03.89 3.65 3.60 1 yoor BY*****H 23.11.89 4.29 4.24 4.28 4.22 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
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    • 1322 6 CURRENCY FUTURES OPTIONS Monday, Nov 28, 1988 DEUTSCHE MARK (SIMEX) DM m cans HM Low Saa Dai High t 88 pu* Lav S3 53 54 55 56 57 54 59 60 61 63 38 Mgh 390A 290A 192A 101A 38 IIA 3A Jan M call* law 385 385 187
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    • 64 6 THE OVERNIGHT rate on the Singapore money market fell 7/8 point to close at 3-1/2 per cent yesterday. One and two months fell 1/16 point each while three months remained unchanged. S$ Interbank rates at the dose yesterday: omi MD Orm3 1/2 »/4 1 —<1 *7 ft 4
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  • Page 6 Advertisements
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  • BANKING AND FINANCE
    • 625 7  -  WMMmML by PAUL FRANKLAND IN HINDSIGHT, many fires seem preventive when you read about them. So how about some foresight instead? Today's column focuses on two specific areas: flammable liquids and "hot work" that is, welding or other processes that require
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    • 373 7  -  By LEONG WEN WAH AN AMERICAN BANKER has predicted that the Dow Jones industrial index will be boxed into a lacklustre trading range of 10 per cent on either side of the 2,000-point level for the next six months. Last Friday, the Dow Jones
      373 words
    • 123 7 Reuter BANK of Japan governor Satoshi Sumita thinks President-elect George Bush completely agrees with monetary policy coordination among major industrial nations since the Louvre agreement. He expects no major change in US economic policy under Bush. However, Mr Sumita said at a press conference in
      Reuter  -  123 words
    • 180 7 Indicate* the average of the prime lending rate* of 12 ma)or banks In S'pore Interbank market rataa (offer/bid) on Nov 28 us$ DM SWFC Y«n 7 doyt S/9 1/2 13 S/9 3/t 4 7/» 3/4 5 1/1-47/1 4 11/16 9/16 1 m* 3/4 13 7/t 3/4 4
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    • 439 7  -  By QUAK HIANG WHAI THE FUTURE of Singapore as a major treasury centre in Asia looks bright with yet another bank announcing plans to beef up its treasury operations here. Senior officials of the Singapore branch of the National Bank of Kuwait, including
      439 words
    • 150 7 Bernama VISA INTERNATIONAL said it had approved the application by Japan's MC group to become a principal member of the Visa system The MC group consists of eight companies, the largest being Million Card Service Co Ltd. a subsidiary of Tokai Bank, the
      Bernama  -  150 words
    • 213 7 Reuter A CONTINUATION of current economic policies in New Zealand will sharply reduce inflation and interest rates, according to Finance Minister Roger Douglas. "In the most likely scenario we'll see interest rates of between 9 and 10 per cent (on 90-day government notes).
      Reuter  -  213 words
  • Page 7 Advertisements
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  • COMMODITIES
    • 445 8 Reuter CRUDE OIL PRICES fell around 25 US cents yesterday on doubts that Opec ministers could salvage a deal to cut oil production after a last-minute dispute between Saudi Arabia and Iran over prices blocked agreement. Oil market analysts in
      Reuter  -  445 words
    • 280 8 Bernama THE MALAYSIAN rubber market is poised to bounce back to higher levels in the new year, possibly "with a vengeance", as there will be no more stocks from the International Natural Rubber Organisation (Inro) to hold prices back then, according to the
      Bernama  -  280 words
    • 88 8 Reuter. KENYA'S tea industry, a key foreign exchange earner, has become embroiled in a controversy over big differentials in prices paid to farmers, provoking threaps by some producers to quit, industry sources say. producers in the western Kisii district were recently paid as little
      Reuter.  -  88 words
    • 108 8 Bernama SARAWAK exported more than 7,600 tonnes of pepper worth M 581.54 million during the first six months of this year, retaining the commodity's status as the leading export crop with a 2.4 per cent contribution to the state foreign exchange coffers. However, it still
      Bernama  -  108 words
    • 361 8 HONGKONG: Gold closed easier yesterday, near the day's low, following renewed Swiss selling in sn active afternoon session. The selling was mainly due to a higher US dollar and the effect of weaker oil prices on expectations of inflation. Bullion ended at U*****.30/80 an ounce against an initial
      361 words
    • 199 8 THE Kuala Lumpur Tin Mattel price yesterday aaaad one cant from Friday to and at M$lMl a kg after a brief trading session despite a steady European tin mart at Starling's strength against the rlngglt failed to help tha market, which eaaad on a larger contribution of metal
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    • 318 8 MALAYBIAN crude palm oil futurae closed slightly easier in quiet trading on the Kuala Lumpur Commodity Exchange yesterday. The absence of fresh development and the lack of overseas demand dampened sentiment on the futures front. The higher cash market failed to influence interest. January and February both dropped
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    • 160 8 Telerate FUEL OIL prices that firmed in Singapore late Friday were seen as mixed yesterday. The buyers who had chased sellers up to levels between US$7O-72 per tonne (fob Sing) for CST-180 just weren't there yesterday. The Saudi price pro- posal of US$l5-US$lB per barrel of
      Telerate  -  160 words
    • 200 8 Chinese Produce Now drumj 173.00 Exchange 2nd hand drums Bulk 167.00 158.00 Sollon' noon doting pricos on Local In bulk 155.00 Nov 28 (SS/100 kg) Copra (M$/i 00kg) Coconut oil 93.00 113.00 No 1 (oitato) BuNc FOB No 2 (snaHholdort) 88.00 Old drum FOB 123.00 Now drum FOB
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    • 302 8 SINGAPORE: Rubber prices closed sharply higher yesterday with December RSS One buyer quoted at 198.00 cents a kg from 192.00 cents on Friday. Prices rose further in the afternoon on continued speculative buying and short-covering interest, encouraged by rumours about the Soviet Union's enquiries on the local market. Trading
      302 words
    • 299 8 RAS prices mtc •nta/kg. FO In Mo NOON CLOSE Iwyors Selleo Bwyora Sstisn bit 1 RSS Prompt 194 JO 195 JON 196.50 198 JON hnt 1 RSS Dae 88 196.00 197.00N 198.00 200.00N Int 1 RSS ion 199.00 200.00N 201.00 203.00N Int 2 RSS Of 193.00 195.00N
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    • 78 8 IcMl/kt) DECEMBER 1988 JANUARY 1988 (currant month) (forwoi d month) RAS NOON NOON 8vyan Mi ii Iwycn Saltan SSI 20 183.00 185.00N 183.00 185.00* SSI 50 161.00 181.00N ISIjOO 181.00N MRELB Ivyan Saltan Salan SMI cv 29X00 295.00N 295.00 297.00N SMI I 284-50 288.50N 288 50 290
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  • Page 8 Advertisements
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  • TECHNOLOGY
    • 1177 9  -  By JEFFREY TSANG SINGAPORE IT Week 88 that week in the year when the various organisations involved in information technology go to town promoting the promises of new technology will be held from Dec 8 to 15. Jointly organised by the National Computer
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    • 695 9  -  to omm By JEFFREY TSANG WORDSTAR is perhaps the oldest word processing software for personal computers still in the market. It was created in the "dinosaur age" of personal computing, back in the days when the T-Rex Apple II ruled the planet. Miraculously, even after
      695 words
  • Page 9 Advertisements
    • 53 9 m i"4C NATIONAL UNIVERSITY OF SINGAPORE PUBLIC LECTURE DR DAVID BALTIMORE (Nobel Laureate and Director, Whitehead Institute for Biomedical Research) Lee Kuan Yew Distinguished Visitor TOPI VIRUSES TEACH US ABOUT CANCER AND NORMAL CELL GROWTH DATE TUE 29 NOV 88 TIME 6.00 PM VENUE LT 27 KENT RIDGg^ r NU
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  • PERSPECTIVE
    • 491 10 VIETNAMESE Foreign Minister Nguyen Co Thach is reported to have said that the Philippines should not try to relate the removal of super-power military bases from South-east Asia to the withdrawal of Vietnam's forces from Cambodia. The statement was made as Philippine Foreign Secretary Raul
      491 words
    • 1164 10  -  When Prime Minister Lee Kuan Yew was in Australia recently, he rounded oft his trip with a visit to the Northern Territory and its capital, Darwin. FLORENCE CHONG considers the Territory's efforts at developing closer ties with Asia. FLORENCE CHONG ISOLATED from the main popular
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    • REGIONAL VIEWPOINTS
      • 265 11 Our weekly summary of what other publications have to say about issues ol regional interest. HONGKONG "THE SINO-BRITISH Joint Liaison Group (JLG) will soon discuss the practical issue of Hongkong's future as a diplomatic base for 77 nations which currently have consular offices in the territory. Some of
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      • 256 11 MALAYSIA "AT LEAST half a dozen projects have been successfully privatised by the government so far. The major success stories include Malaysia Airlines, Malaysian International Shipping Corporation, and Syarikat Telekom Malaysia. "According to Mr Abu Bakar Haji Abdul Karim of the Economic Planning Unit, about 90 government
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      • 192 11 US-CANADA "THE VICTORY of Prime Minister Brian Mulroney's Progressive Conservative Party virtually assures the approval by Parliament of the free trade agreement between Canada and the United States. "The general election was a confidence vote for the Conservatives who support the trade agreement. The opposition
        192 words
      • 146 11 JAPAN "WHAT ATTRACTED the world's interest to the latest Canadian election was that it turned out to be a vote of confidence by the people to decide on the Canada-US Free Trade Agreement, signed in January. "Japan, now being the world's largest creditor country
        146 words
      • 284 11 THE PHILIPPINES "OF ALL THE erring government agencies mentioned by President Aquino in her I,oooth day speech yesterday, she reserved the harshest criticism for the Bureau of Internal Revenue and the Bureau of Customs. "After 1,000 days of frustration over the poor performance, inefficiency
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      • 169 11 SOUTH KOREA "FORMER South Korean president Chun Doo-hwan apologised to his nation yesterday for corruption and human rights abuses committed during his eight years in power. He said he was giving up about US$24 million in personal assets and would depart Seoul into
        169 words
    • 700 11 Daily cross-border invasion is growing Reuter WHEN MARIA SCHWAB leaves her Austrian home to have her hair styled or Hungarian factory worker Lajosne Simon goes to buy a household electrical gadget, they take their passports with them. They are not the only ones. Cross-border trade
      Reuter  -  700 words
  • Page 10 Advertisements
    • 191 10 c; A HOME NOTA HOTEL. There's no place like home. Especially after being away for a few weeks on a business trip. But now, in Singapore, The Ascott Executive Residences provide a marvellous home away from home. One or two bedroom apartments and penthouses individually designed for the executive or
      191 words
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  • Page 11 Advertisements
    • 304 11 *****9 *****0 Wve taken our key phone system and made it go a little further. 7 3 r 2 II I At National Panasonic we've come up with a system that takes key phones just a little bit further. It's a system called the Panasonic Electronic Switching Key Phone. While
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  • Page 11 Miscellaneous
    • 50 11 U>Ho LOP>S THPTT vou u>ej?e. just truomg to CK ljg4,l,u)Hoeveß hg.is,mel's DEAD <££,hj LOHGJSJ He Mis NPvme. called I WE. OFF Uk£. Pv J y L J &J 806 BPVRIinG HE. IS TH6 He FM.UJfV/S PINSujERS MIS pnoNe e>v THe SECOND VRiNG > OS EVCNNM STANOANO CO LTD IMI-tW 7
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  • LEISURE
    • 831 12 JAZZ FESTIVAL UPI THE FOLKS who put on Norwegian Cruise Lines annual floating jazz festival always find a way to inject the unexpected into a lively seven days at sea with dozens of top musicians. The first week aboard the SS Norway was a trumpet-lov-er's delight featuring
      UPI  -  831 words
    • 379 13 PERSONALITIES Reuter OSCAR-WINNING British actor Sir Alec Guinness needed to know what it's like being a Soviet negotiator in disarmament talks. So he asked the Russians. Soviet ambassador Leonid Zamyatin invited Guinness, preparing himself for his first appearance on the London stage
      Reuter  -  379 words
    • 579 13 CONSERVATION UPI CHRISTOPHER ROBIN and his friends have won a fight to save the forest where Winnie-the-Pooh lived, explored and tried to steal honey from bees. Ashdown Forest, known to Pooh as the Hundred Acres Woods, was purchased for £1.2 million by the East Sussex
      UPI  -  579 words
  • Page 12 Advertisements
    • 792 12 9 m Wk ▼i im&izmizvjiii Lunch or dinner. Adults: $14.50++. Children under 12: $9.00++. Batik demonstration sale 12 noon 2.30pm and 6.30 9pm Cafe Plaza Plaza Hotel SINGAPORE Beach Road Singapore OTIS TH *****11 m SJ f§ m zs a v LM i!> V V r, y* v </«■ A'
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    • 237 12 Splendidel Over 60 gorgeous French dishes to feast on. The Belvedere is alive with French flavours this November. Do it the French Way. Be sure to go through our delicious hors d'oeuvre selection. And for hot dishes, our chefs advise hot French Onion Soup to begin with Then go on
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  • Page 13 Advertisements
    • 178 13 m f f <% A There's a cafe on a lush, green hi 11... where you can take a break. Meet friends. Relax. Make choices from the delightful international cuisine and Asian favourites. Prawn Mee, Nasi Goreng. Prawn Curry. Rahmschnitzel. Hainanese Chicken Rice. And much more. At Cote in the
      178 words
    • 54 13 Ife D. W m I tS fABL.SH eD a QUALITY GUARANTEED f ULLY MATURED a m ml i m FINEST SCOTCH WHISKY BLINDED A BOTTLED BV (/roye C&a//euth/if troJon. (/)a////eri —GDttmSirfott. e&ot/and PROOUCT Of SCOTLAND 0) IMPOT OHM WHO WALKER MSTmauTORS SON RMO SO JAIAN PENCHALA. ft I AUNG JATA
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  • Page 13 Miscellaneous
    • 674 13 CRYPTIC PUZZLE ACROSS 3 Women who need only five units of electricity (5) 8 A pointed sign for the ladies (5) 10 Squashed fruit? (5) 11 Don't allow a bank to be robbed (3) 12 See a race as a fraud (5) 13 It's a bad thing for a chap
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    • 1644 13 w em Mission to free captives »mw m Missing In Action TUESDAY PREMIERE Missing In Action 11.10pm, Chsnnsl 5 A recently escaped North-Vietnamese prisoner-of-war secures the assistance of an old army buddy to rescue captive American soldiers from POW camps in this 1984 production. Obsessed with the belief that the
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  • SPORTS
    • 446 14  -  Perks in the offing for Pacific Rim event here By WALTON MORAIS INVITATIONS for the US$5O,OOO Tiger Beer Pacific Rim tennis championships next February were sent out last week and the organisers are hopeful of attracting the region s top stars. Tournament secretary Anand Raghavan
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    • 468 14 AP HENRI LECONTE of France produced copybook serve-and-volley tennis last Sunday to edge Jakob Hlasek of Switzerland 7-6 (7-3), 7-6 (8-6), 6-4 to win the U*****,000 Belgian indoor championships in Brussels. Leconte never lost his serve in a sparkling display of his allcourt play
      AP  -  468 words
    • 220 14 AFP ZINA GARRISON and Katrina Adams beat top-seeded Gigi Fernandez of Puerto Rico and Robin White of the United States 7-5, 7-5 in a hard-fought final in Tokyo on Sunday to grab the Virginia Slims women's doubles tournament. Garrison, who won the doubles
      AFP  -  220 words
    • 313 14 Bernama JOHORE and Singapore can complement each other in promoting motor racing sports in this region following the Republic's plan to build a Grand Prix race track for Formula One cars. "We can help each other, as Singapore
      Bernama  -  313 words
    • 471 14 UPI RAYMOND FLOYD made his First Skins game appearance a lucrative one. sinking a birdie putt on the 16th hole for U*****,000 on Sunday en route to U*****,000 and the tournament championship. Jack Nicklaus earned U*****,000 in the two-day
      UPI  -  471 words
    • 455 14  -  By MIKE THUMBA I NEED NOW to do a rethink of my earlier predictions on the outcome of the Inter-Club Bridge League finals, which are due to take place on Dec 5 at the Tanglin Club at 7 pm, following the completion
      455 words
  • Page 14 Advertisements
    • 218 14 r„ m, Kt m je M •»»> 2 it*tu ,il L. Li_ cJ <" > > £t<*. v "irw ''~i knjoy your local seafood favourites in airconditioned comfort. Amidst our unique courtyard setting and old Singapore atmosphere. Feast on chilli crab, steamed fresh prawn, fried mussel, crispy baby squid, cuttlefish
      218 words
    • 44 14 nQfflQfflffiH APM ALLOY PK 4 METAL K ASIA PTE LTD BEST WISHES TO THE PEOPLES GOVERNMENT OF THE SOCIALIST FEDERAL REPUBLIC OF YUGOSLA VIA ON YOUR NATIONAL DAY 51, Anson Road #06-55 Anson Centre Singapore 0207 Tel: 225-3336 Telex: RS ***** ALOY-D Fax: 225-5049
      44 words
  • Page 14 Miscellaneous
    • 68 14 Play golf the Sevvy way Long bunker shots FOR A LONG6R-THAN*VERAGE 'BUNKER SHOT 0€ SA% 20 YARDS OR MORE THE METHOD IS essentially the same as for ■THE CtOSE-IN BUNKER SPOT > l'«J I rOO NOT MAKE A BIG BACKS WIN6.IF YOU DO THAYYCJU WILL PROBACY MOW UP COMING INTO
      68 words

  • COMPANIES & STOCK MARKETS
    • 469 15  -  By MAGDALENE NG JACK CHIA-MPH Ltd is continuing its turnaround for the second consecutive year. For the latest six months ended Sept 30, the diversified group more than doubled group profit before tax to $11.62 million ($4.77 million) on a big jump in turnover
      469 words
    • 196 15 THE KUWAIT Investment Office, London, has bought 8.58 million ordinary shares in Inchcape Bhd, the international services and marketing group, and has become one of the group's largest shareholders. Inchcape stock closed yesterday at $4.66 a share on the Stock Exchange of
      196 words
    • 142 15 KEPPEL Engineering has clinched a contract worth more than $8 million to provide maintenance services to the Singapore General Hospital. The contract requires the subsidiary of Keppel Corporation to operate and maintain the hospital's complete air-conditioning system, lighting system, permanent and emergency power supply
      142 words
    • 163 15 SUGAR KING Robert Kuok Hock Nien has claimed Hongkong residence in defence of his HKS2.OI billion proposed purchase of Australian tycoon Alan Bond's 30 per cent stake in Hongkong broadcasting company TVB. The Hongkong Broadcasting Authority wanted the Kuok group to show
      163 words
    • 145 15 SSANGYONG CEMENT (S) Ltd has agreed to buy a 5 per cent stake in ICS Reinsurance (Re) Ltd for $2.2 million. Ssangyong Cement said yesterday the Monetary Authority of Singapore has approved the acquisition of the two million shares in ICS Reinsurance. ICS
      145 words
    • 150 15 Bernama AOKAM TIN Bhd, which is actively negotiating with a Japanese and a Korean firm for a joint-venture project. is expected to move further into manufacturing activities. Its managing director Shah Abu Mansor said yesterday the joint venture would be a tripartite project and the negotiations
      Bernama  -  150 words
    • 71 15 ISETAN (S) LTD's 1-for-2 rights issue at $5.10 each has been fully taken up. Through Singapore Nomura Merchant Banking Ltd. the company said at the close of its issue on Nov 25. acceptances for 994 million new shares representing approximately 99.43 per cent of the 10 million new
      71 words
    • 637 15  -  FCC will continue to concentrate on property investment By AMY BALAN HONGKONG-BASED Dao Heng Holdings, which acquired control of First Capital Corporation earlier this month, is to use the locally-listed company as the "principal vehicle" to step up its interests in Singapore and
      637 words
    • 227 15 MBT THE NEXT annual general meeting of the Kuala Lumpur Stock Exchange (KLSE) in mid-Decem-ber is expected to see some profound changes in the exchange committee. It is understood that moves are afoot to change the composition of the KLSE committee
      MBT  -  227 words
    • SES
      • 1056 16  -  br Jocelyn Toh POLYTEK WEARNES which made its debut on Sesdaq traded below its offer price of 76 cents throughout the whole of yesterday. Not once did it rise above its subscription price at all. A broker said the stock, which
        1,056 words
      • 170 16 MYtOM BERHAD: 21st AGM at Mawar Room, Mezzanine Floor, Hotel Equatorial Jalan Sultan Ismail, ***** Kuala Lumpur on Monday Nov 28 at 10.00 am. ARAB-MALAYSIAN DEVELOPMENT Berhad: 22 AGM at t>ewan Arab-Malaysian, 7th. floor, Bangunan ArabMalaysian, Jalan Raja Chulan, ***** Kuala Lumpur, on Nov 29 at 10.30 am.
        170 words
      • 48 16 Company RIGHTS ISSUE Spore Land One 2% unsecured 1 loan stock with detachable warrants for every ordinary share held Each $2 no* inal vc ilue loon stock will be alio ted one warrant, convertible anytime < untht n five years Ex-date Nov 28 Books dose Dec 8
        48 words
      • 291 16 Company RIGHTS ISSUE C 1 Holdings 27 million loan stocks in the ratio of (3 loon stock tor •very five ordinary shores Md D C Bank One-tor-two $0 75 par shore Duta Cons On* for on* $1 10 per shore F A C B One-for-one 1060 per shore
        291 words
    • 5573 16 1 19M Tel Last Div Div YId Nat Vol Day Lilt M cap High Low Cod* Company Sal* or- C'vr P/E (•000) High Low Buytf Seller Sntli NOV 28 1 SESDAQ •187 114 t 4000 Amtek Eng 20c 114 -1 10 ON 7.1 16 8 1 5
      5,573 words
    • KLSE
      • 3278 17 ANOTHER listless day prevailed on the Kuala Lumpur stock market yesterday with prices drifting lower as investors moved to the sidelines in the absence of fresh factors. Dealers said the lack of interest could also be due to fears of a further weakening in
        3,278 words
    • REGIONAL MARKETS
      • 435 18  -  By MICHELLE OH ASEAN RESOURCES Ltd is being investigated by the Hongkong securities watchdog over a property deal worth about HK$lO million. Asean Resources, a Hongkongbased company, had apparently agreed to the property deal just a week before it received a hostile takeover
        435 words
      • 89 18 AFP HONGKONG'S Hang Lung Development Co Ltd has injected more than As6o million into the troubled Parry Corporation Ltd, the Western Australian firm has said. Parry Corp chairman Ken Court said that the new capital had boosted the property group's stake in the firm to more
        AFP  -  89 words
      • 78 18 Reuter SUN HUNG KAI Properties intends to privatise New Town Properties Ltd, in which it has a 57 per cent stake, a spokesman has said. Share dealings in both companies were suspended on the Hongkong stock exchange, and the spokesman said details of the privatisation plan were scheduled
        Reuter  -  78 words
      • 549 18 Tokyo Reuter TOKYO SHARE prices cloeed sharply lower yesterday because of worries about the direction of oil prices and interest rates, and due to technical reasons, brokers said. "The market is usually quite weak on a Monday. Volume started off too active and then we saw some
        Reuter  -  549 words
      • 488 18 Australia Reuter AUSTRALIAN STOCKS were sold across the board yesterday following gloomy news about interest rates overseas, dealers said. One broker said last Friday's shocking UK trade figures, combined with market falls in London and New York, gave the interest rate-sensitive market no alternative but to follow
        Reuter  -  488 words
      • 1363 18 Hongkong Reuter A LACK of buying interest yesterday exacerbated the effect of light fol-low-through selling from Friday and pushed the Hongkong market steadily lower, brokers said. "We shouldn't read too much into the fall," said a trader at an American broking house. "Sentiment
        Reuter  -  1,363 words
      • 185 18 Reuter NEW ZEALAND share prices slid yesterday as worldwide bearish sentiment gripped the market and few major companies were spared. Brokers said large falls in London and New York on Friday coupled with higher worldwide interest rates brought bears to the fragile local market. The Barclays Index
        Reuter  -  185 words
      • 131 18 Reuter SHARE PRICES on the Bombay stock exchange closed mixed in subdued trading yesterday. Brokers said higher carry-forward charges and heavy daily margins on both sales and purchases dampened sentiment. Institutional buying was limited to selected shares and private investors kept to the sidelines. In textiles, Century
        Reuter  -  131 words
      • 145 18 Reuter SEOUL SHARE prices rose yesterday as investors went on a buying spree in expectation that the political crisis over former president Chun Doo Hwan's record would be resolved, brokers said. The composite index near the close was 825.11, up 14.33 from half-day trading on Saturday. Turnover
        Reuter  -  145 words
      • 147 18 Reuter THE SECURITIES Exchange of Thailand Index dropped 11.63 points to 390.82 yesterday on a turnover of 5,206,052 shares worth 453.77 million baht. Reuter NOV M BAHT Ao Kham Thai 304 -18 Ayudhya invaatman t Bangkok Aground... Bangkok Bank 102 .273 -4 -2 BanfcOlAyudhya Charoong Thai Win
        Reuter  -  147 words
      • 102 18 Reuter MANILA SHARES closed mostly higher yesterday on advances in mining and commercial issues which were powered by strong copper prices, brokers said. "Investors are bullish, especially in the mining sector, because of very good prices for copper,'' Wilson Sy, president of Prudential Securities Inc, said. Mr
        Reuter  -  102 words
      • 416 18 Reuter TAIWAN SHARE prices ended mixed yesterday after profit-taking by small investors pulled the index off highs logged early in the session, dealers said. The weighted index finished 99.86 points, or 1.3 per cent, higher at 7,274.93 against Saturday's 7,175.07 close and a high of 7,339.22 posted
        Reuter  -  416 words
    • INTERNATIONAL COMPANY NEWS
      • 401 19 Reuter A PROPOSAL to lower the company takeover bid threshold to 15 per cent from 30 per cent is worth careful examination, according to UK Takeover Panel chairman Lord Alexander. But other ideas put forward by the Confederation of British Industry
        Reuter  -  401 words
      • 663 19 Fiduciary scheme suggested as a solution Reuter SOME SWISS companies may consider letting foreigners acquire their registered shares through fiduciary accounts at Swiss banks, analysts said. Although senior executives of some major companies were sceptical about the idea, analysts said it could represent an interim
        Reuter  -  663 words
      • 552 19 Reuter ZURICH: Swiss shares closed easier across the board on low turnover yesterday, dealers said. Buyers were virtually absent from the market because of expectations that interest rates in the US might rise. A few selling orders were sufficient to depress prices. The Swiss all-share index closed
        Reuter  -  552 words
    • 370 20  -  Operational surplus up 96pc By LILIAN ANG SOME $540 MILLION was paid out by the Urban Redevelopment Authority to the government's Consolidated Fund in the 1987/1988 financial year. This reduced the URA's capital and reserve fund by 39 per cent from $1,251 million to
      370 words
    • 411 20 AFP BETTER RELATIONS between the Philippines and Vietnam could reduce tension in Southeast Asia as a whole, Vietnamese Foreign Minister Nguyen Co Thach told his visiting Philippine counterpart on Sunday. Philippine Foreign Minister Raul Manglapus began a threeday visit to Hanoi on Sunday in
      AFP  -  411 words
    • 230 20 AFP, Reuter TAIWANESE PRESIDENT Lee Teng-hui yesterday urged AsiaPacific nations to improve cooperation in a bid to integrate regional economies. Mr Lee appealed to members of the Confederation of AsiaPacific Chambers of Commerce and Industry to "eliminate trade barriers and take into consideration the
      AFP,; Reuter  -  230 words
    • 326 20 Bernama THE MALAYSIAN GOVERNMENT will invite Barisan Nasional (BN) component parties and the public for discussions before coming up with a new policy to replace the New Economic Policy (NEP) which will run out in 1990. Prime Minister Datuk Seri Dr Mahathir
      Bernama  -  326 words
    • 284 20 Bernama MALAYSIAN Deputy Finance Minister Loke Yuen Yow said yesterday the government does not plan to reduce further the corporate tax. He told the Dewan Rakyat in Kuala Lumpur yesterday that the corporate tax of 35 per cent, beginning from the
      Bernama  -  284 words
    • 191 20 Reuter US PRESIDENT-ELECT George Bush, back from a Thanksgiving holiday at his Maine seaside retreat, has planned early meetings with congressional leaders in Washington as he rounds out his Cabinet and seeks help on how to cut a huge budget deficit. Mr Bush,
      Reuter  -  191 words
    • 265 20 Reuter A CHINESE government agency that provides housing and office staff for foreigners has asked for payment in US dollars, fuelling speculation of a currency devaluation next year. The diplomatic services bureau, which provides apartments as well as cooks, drivers and translators for
      Reuter  -  265 words
    • 118 20 Reuter CHINA'S price index rose by a record 26.1 per cent year-on-year last year and inflation for the year could top 20 per cent, the official Xinhua News Agency said. The October rise was the highest since 1949 The price index rose 7.3 per
      Reuter  -  118 words
    • LATE FILE
      • 54 20 AFP A JAPANESE newspaper executive resigned yesterday after he was found to have bought stocks from a real estate company at the centre of a stock trading scandal involving political and business leaders. Iwao Maruyama, a vice-president of Yomiuri Shimbun, tendered his resignation, which was accepted
        AFP  -  54 words
      • 54 20 AFP SOUTH Korea s former president Chun Doo-Hwan has quit the ruling Democratic Justice Party which he founded in 1980, the party spokesman said in Seoul yesterday. Mr Chun submitted a letter renouncing his membership in the DJP last Wednesday after apologising on television for misdeeds
        AFP  -  54 words
      • 89 20 Agencies UNITED Nations Secretary General Perez de Cuellar yesterday deplored a US decision to deny PLO leader Yasser Arafat a visa to enter the United States. Meanwhile, Malaysian Foreign Minister Abu Hassan Omar has voiced support for an Ar-ab-led campaign to move the UN General
        Agencies  -  89 words
      • 30 20 AFP IRAQI President Saddam Hussein arrived in Cairo unexpectedly yesterday and began talks with President Hosni Mubarak of Egypt, the Middle East News Agency said. AFP
        AFP  -  30 words
      • 33 20 AFP AN ARMENIAN group responsible for bloody terrorist attacks in Europe yesterday threatened to avenge the killing of Armenians last week by Azeris in the Soviet Union's Azerbaijan republic.
        AFP  -  33 words
      • 64 20 AFP A TOTAL of 654,343 tourists visited the Philippines in the first eight months of the year, putting the country on target for its goal of a million arrivals in 1988, a Tourism Department spokesman said in Manila yesterday. The January to August total was 19.64
        AFP  -  64 words
    • 180 20 Reuter SOUTH KOREAN policymakers, already under protectionist pressure from farmers, face further aggravation if an international trade body rules for total liberalisation of beef imports in 1989, say officials in Seoul. On Monday, the General Agreement on Tariffs and Trade (Gatt) is due to
      Reuter  -  180 words
    • 226 20 Reuter AUSTRALIA must not become a battleground for ancient rivalries. Prime Minister Bob Hawke said yesterday, after a youth was shot during anti-Yugoslav protests A security guard at Yugoslavia's Sydney consulate is believed to have opened fire and wounded a 16-year-old youth
      Reuter  -  226 words
    • 119 20 UPI THE HIGHEST ranking Israeli official to visit the Soviet Union in at least 21 years has arrived in Moscow on a trip which Israeli leaders said they had not coordinated with him. Officials in Jerusalem said yesterday that director-general Avraham Tamir arrived in Moscow on
      UPI  -  119 words
    • 279 20 AP THE SOVIET Communist Party's Central Committee convened in Moscow yesterday to consider controversial proposals for revamping the government. The official news agency Tass said President Mikhail Gorbachev delivered a report to the 300member body, but gave no further details. Critics claim
      AP  -  279 words
    • 102 20 THE INSTITUTE of Education (IE) is starting its recruitment exercise earlier to catch quality graduates from the universities. Lee How Sheng, assistant director of recruitment and placement, Ministry of Education, told the press yesterday that graduating students could begin sending
      102 words
    • 125 20 Reuter COMEX gold rose in early dealings yesterday, supported by the inflationary implications of higher crude prices following news that Opec has clinched an agreement on oil production for the first half of 1989, traders said. December rose US$5.3O to U*****.40 after trading a highlow of
      Reuter  -  125 words
  • Page 15 Advertisements
    • 83 15 Restaurant (Level 2) i- V* f 4 It' i l@ •V > 1 Lunch: $11.90++ i \j*J AU-you-can -eat Salad Bar $6.00+ J (7pm Candlelight 4-course Set Dinner Priced From $18 $28++ Hi Evening Entertainment By Our Strolling Musicians. Hn,thers Lunch and Dinner. Phil 'PP">* Choice of 7 ways to
      83 words
    • 226 15 Financial Newsmakers 7] 1.1 r-i It takes a special quality to create l/lf real career success a quality that you have in abundance. Determination. ft ie^P y° u through those years of fYC-tt study, the interminable wait for exam m w results and the disciplines of jobreally hard h S
      226 words



  • Page 18 Advertisements
    • 359 18 Pegasus. Simply, the best accounts system in business, 40,000 installations worldwide Powerful modules with multi-currency and multi-user capability. General Ledger it Invoicing/Sales Job Costing Sales Ledger Order Processing Payroll Purchase Ledger Stock Control Bill of Materials Titk Please have an authorized PEGASUS dealer contact me SOFTCON (S) PTE. LTD Please
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  • Page 19 Advertisements
    • 151 19 November, 1988 ASEAN FUND LIMITED (Incorporated in the Republic of Singapore) 15,000,000 Preference Shares I V* A O l> The Nomura Securities Co., Ltd. Asian Development Bank ASEAN Finance Corporation Limited James Capel Pacific Limited Nomura International Limited Singapore Nomura Merchant Banking Limited Bangkok Bank Limited Banque Internationale Luxembourg BIL
      151 words
    • 945 19 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF BEACH COURT (PTE) LIMITED At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road. #12-01 12-11 Golden Mile Tower. Singapore 0719 on Monday
      945 words
    • 303 19 In the matter at the Companies Act Cap. SO and In the matter of ALMAC PTE LTD (Members' Voluntary Winding-Up) At an Extraordinary General Meeting of the member* of ALMAC PTE LTD duly convened and beld at 100 Jalan Saltan #06-37 Sultan Plaza Singapore 0719 on the 26th November 1968
      303 words

  • Page 20 Advertisements
    • 134 20 A\\ mi :»«v Investments a 2 I i 1 Si a* FOR SALE ON ENBLOC A newly refurbished 16-storey office building Superbly located in the heart of Raffles Place financial centre 35,565 sq.ft. of strata office space available 999 years leasehold tenure Short walk to Raffles Place MRT station and
      134 words
    • 10 20 'No link batwaan Cambodia, bases', PAGE 4 Laadar, PAGE 10
      10 words
    • 11 20 EC summit seeks to allay tears of Fortrass Europa, PAGE 5
      11 words
    • 101 20 *£?Z.--r Muscadet--DE ET MAINE APPfLLATON MUSCAOCT 0€ S*V«C ET MA'ME CONT*OLC€ Barton Guestikr NBMS o* MMU *GOC»A%TS |llVf-J»S A BIANOU«*O*T Q| fl 4ttSSim—- "Hrn do you serve Muscadet with Szechuan Prawns? "On the chilly side" Barton £> Guestier wines will make j our meal even more enjoyable at these discerning
      101 words

  • SHIPPING TIMES
    • 540 21  -  Grouping adopts 'caps' on service contract rates By LINDA CHEE SHIPPING LINES in the Asia North America Eastbound Rate Agreement (ANERA) have put a lid on service contract rates and set a general rate increase of US$375 per 40-foot container (FEU) from March 1
      540 words
    • 165 21 THE Singapore Polytechnic has received a training aid worth $250,000 from Maersk Line. The scaled-down model of a power plant system, measuring 3x3x3 metres, was presented to the Polytechnic on Monday. The model, a threedimensional construction of the propulsion and auxiliary systems for
      165 words
    • 255 21 Lloyd's List DENMARK'S international register (DIS) has attracted 95 per cent of Danishflag tonnage in its first three months. Some 270 foreign trading ships, with a total deadweight capacity of 6.2 million tonnes, have been assigned to DIS. which benefits from significant local tax
      Lloyd's List  -  255 words
    • PORTSIDES
      • 131 21 Reuter UNLOADING at the Pohang Iron and Steel Co (Posco) jetty in the South Korean port of Kwangyang has stopped after an ore/oil steamer struck the quay nearly head-on, according to Lloyd's Shipping Intelligence. The Liberian-flagged World Recovery was carrying about 222,076 long tons
        Reuter  -  131 words
      • 63 21 Reuter AT LEAST 25 Burmese trawlers were missing after severe storms last week in the Indian Ocean off the Irrawaddy delta. Rangoon Radio, monitored in Bangkok, said last Saturday that military and civilian craft were searching for the vessels, which were scattered by storms from Nov 17
        Reuter  -  63 words
    • 738 22 The increase in modern Aframax prices during the first seven months of this year matched, and in some cases surpassed, improvements in other tanker sectors. But since July, the Aframaxes market has been subdued. This article traces the rise and fall in demand for
      Lloyd's Shipping Economist  -  738 words
    • 797 22 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 ARC line V 4 API III 2/3 Arrow Lines IX 5 ASCI III 1 Awards Shpg V 4 Bait-Canada line VII
      797 words
    • 89 22 Reuter THE 12.500-TONNE Greek cruise liner Aegean Dolphin, detained in Mombasa, Kenya, since Oct 21. has been freed by an order of the Kenya High Court and has sailed for Greece, shipping sources said on Sunday. The liner was carrying 400 tourists, mostly Europeans,
      Reuter  -  89 words
    • 195 22 Reuter THE PRESENT STRENGTH in the tanker market may continue for some time, according to shipbroker Galbraith. "It appears as though the consuming areas just have an insatiable appetite for crude oil at the price at which it is available, and from general investigations,
      Reuter  -  195 words
    • 536 23  -  By AL O LABITA, Jr THE PHILIPPINES and Brunei Darussalam are expected.to finalise early next year the technical and financial details of their proposed bilateral shipping service. The shipping service, meant to speed up the volume of trade between the two countries, is part
      536 words
    • 384 23 Lloyd's List DAEWOO Shipbuilding and Heavy Machinery, South Korea's second largest shipbuilder, is to be saved from the threat of bankruptcy with a financial rescue package in excess of US$l billion. The plan will end doubts over the yard's future since it was
      Lloyd's List  -  384 words
    • 250 23 AFP CURRENT buoyant conditions were maintained over the past week on the tanker market, London brokers E A Gibson said in their latest report. Anticipating higher oil prices in case of a positive outcome to the current Opec talks on a new output ceiling, buyers have been taking
      AFP  -  250 words
    • 422 23 Fairplay NORWAY'S tax-efficient limited partnership system (for so-called K/S companies) will not be subjected to planned changes until at least 1990. There had been concern within Norwegian investing circles that a 150-page proposal from the tax authorities might be brought into force next
      Fairplay  -  422 words
    • 174 23 NEPTUNE ORIENT LINES in its latest newsletter carried a two-page tribute to one of its most senior officials, Mr Soli F Setna, who passed away on Aug 19 at the age of 56. Mr Setna, for 14 years the head of NOL's chartering
      174 words
    • 1249 28 CHARTERING was moderately active on Friday despite tt>e US Thanksgiving holiday with the bulk ot business being in the time-charter sector, shipbrokers said. Grain shippers covered a cargo from the US North Pacific to Taiwan at U5516.25 and the slightly lower level of $24.50 was paid from the
      1,249 words
    • 5078 28 AARHUS Nihon ScanOutcht Nov 28 Ou M*. China Ocaan, Nov 28 Ev«r Group. Evergreen Nov 28 Hongkong Expreea Triot Nov 30|M). Luna Maerak, Maerak Line Dm 1 Ming Glory. Yang Ming. Dac 1 Ever Qtvan. Evergreen Dac 4 Vilta da Neptune CM
      5,078 words
    • 1094 28 AT CONVENTIONAL WHARVES kM**. j. okMVMte 9Ufma Korunia Joyo J8 alongside 2911/2300 V«~l BMh Arrival S 2S£ SUS LWHARVE8 limo s s::s Eoitmon ok3d! 59Wrtm 8i 17 29.II/H30 3011/0100 Ho.ieng o£££ Mm Co"tongH-8/B JB 2911/2399 X11/1700 m olongs.de 01 2/2300 Evarj»wdy/B J3 29 11/11 IS X11 OtfC
      1,094 words
  • Page 21 Advertisements
    • 595 21 h., TIMES STP Distributors Tun»% PuMWwtj Croup OOCL 200 Cantonment Road. #12-46 Soutnpoint. Singapore 0209 Til *****11 TMkRS ***** FecefcnMe *****09 TERMINAIXFS Tet VOO2II. *****19. *****20 FOR CUSTOMER SERVICE INQUIRIES ANO BOOKINGS Tit *****05 PESAJU JMKMW SWfflM ASENOE9 tM INO RO«T KELANGTtfJ994II9 Telei MA *****/ MA ***** dedicated to equality
      595 words
    • 78 21 mm THE INCREASE in modern Aframox prices during the first seven months of this year matched, and in some cases surpassed, improvements in other tanker sectors. But since July, the market has been subdued. Page II THE PHILIPPINES and Brunei Darussalam are expected to finalise early next year the technical
      78 words
    • 787 21 ftFESCO LINES FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE To Europe- UK Scandinavia Finland True week Luna M Closing Tine CY 30/11 2300 MRS CFS 30/11 1300 HRS LUNA M MM M PARIS Kl6
      787 words

  • Page 22 Advertisements
    • 633 22 «f Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT HONGKONG EXPRESS CITY OF EDINBURGH KAMAKURA LARGS BAY MEONIA TOKYO BAY LONOON EXPRESS P KELANQ SOUTHAMPTON 3/12 21/12 7/12 27/12 3/1 13/12 30/12 5/1 23/12 «/1 20/12 14/1 HAMBURG BREMERHAVEN 23/12 29/12 ■*****21 m"\ 311 ALSO ACCOTIM CAMO TO: AU UK INLANO DESTINATIONS, BELFAST,
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    • 18 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association. N
      18 words
    • 206 22 POLISH OCEAN LINES I' Optorg Shipping Pte Ltd s -i rrTi tarymurmla*. A-tna, i trmiMai PK in brad nr-m i-i'- K'i.l'.. cor HK ovu MAI urn SOUTH PACIFIC LINE 1*7777* M 'ViCHARGEUftS OELMAS Agents Sing jpo'f Optorg Shipping Pte Ltd p>e^ s woo:; 3 i::vu Pft»ing j lf j s'*c3
      206 words

  • Page 23 Advertisements
    • 1071 23 I The Straits Steamship Group P&O Containers STRAITS SHIPPING Singapore to Satoah, Sarawak, Brunei Ports and Bangkok CONTAINER SERVICE TO UK CONTINENT: CJTT OF CHMUMN LARGS RAT SOMA TOKYO MT LOMCOft DINQS CAJKMCAN MT PtCASUS PROGRESS VMM D«Dk OH7 Oac PEGASUS PIONEER VIM OM7 DK K-UOK BANGKOK BORNEO AGENCIES LTD.
      1,071 words
    • 704 23 FX EUROPE K, v-.-.ui :t JI •'Bi■ mn :m m. m i »n 11 USA/PANAMA m kz ma ««ta iMi VA 824 22.11 «A HI <7.12 25.11 21.11 Mil 12.11 1111 14.11 IS.II 2111 2111 11.12 2112 24.11 2111 11.12 1112 12.12 MJI H. 12 1112 1112 24.12 2112 22J1
      704 words

  • Page 24 Advertisements
    • 548 24 HXSINOSE MARITIME PTE LTD Singapore Loading for: IRAN MAMALLATI PJLtfi SLD BANDAR ABBAS Tkyowv. wm KYOWA LINE MOTNU VSL HK LOAO FOft: KYOWA VIOLET VJ2 2/12 VILA. NMA, LTK, SUVA. PAGO, APIA KYOWA HIBISCUS VJt 29/12 VILA, NMA. LTK, SUVA, PAGO. APIA :fi i j i \a l* .IILMA'IJ >-1
      548 words
    • 769 24 J/CSline Iftt SNirhM ca»n*ATt»a FULLY CONTAINERISED SE RVI C E 10 EUROPE VIA SUEZ Member ol the Ace Consortium Mill* f(>Nl*lNK>.S[D 10 fROM NOR'H BWRICA ;OS3j CONVENTIONAL SERVICE TO PERSIAN GUI f< VESSEL KUANTAN S PORE LOADING FOR JEON JIN AC 19 27/11 DUBAI. DAMMAN. KUWAIT GEN AGENTS: CROWN MARINE
      769 words
    • 146 24 INDIA STEAMSHIP FORTNIGHTLY EXPRESS CONTAMEN SERVICE TO INDIA SRI LANKA SIN I HAL- CAL CM LCOUtICIt V37N SM I vbn 0712 um mi mu miu vm mu omi 07 wi u/oi imi Sub|«d to inducarant Agent j: SHARIKAT TRANS-ORIENT SDN. BHD. SINGAPORE *****10, *****56 PORT KELANG: *****MV5 J\fantai/Vne FAR EAST
      146 words
    • 1221 24 (M EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SGP MRS KK KLG PUS OK TTO CM IVU GARDEN e/UH/UVIUafUU/UIVUUfUEVU GROWTH Diuii/uiwiiDOvaiuilttIVU GRAND 11/U 17/U 11/U M/ 12 22/U 27/U M/l tvuon nju mu wu w mm mm m cvu golden m in uit iw m m m IVU GLORE
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  • Page 25 Advertisements
    • 849 25 PACIFIC INTERNATIONAL LINES »V\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE OOWA MA HAWK KOTA UELATI KOTA mawah KOTA MAWAM BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE PIYA BHUM I RED SEA/EAST AND WEST AFRICA SERVICE KOTA ALAM KOTA MEOAH
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    • 508 25 1 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT un an an an a/i an an an zrn vn an w www f us ui EXPRESS CONTAINER SERVICE FROM UK/CONTINENT wm am aru nu. ka MM «U vu MO mm «u MfU HM.KA MM UW NU. MMM WU TK.au am
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    • 515 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SIN6APORE TO EUROPE VSI/VOY SPORE L.J BONTANG/16WB 25-27/12 SRIWIJAYA/2SWB 9-12/1 KUTAI/ISWB 24-27/1 ANTWERP H'BURG/ RDAM/ADAM BREMEN Subfect to Inducement Also accepting cargo to Casablanca, Port SaW, Port Alexandria,
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    • 315 25 BOUSTEAD SHIPPING AGENCIES PAGAN VI33W HTONEYWA V24OW PA-AN VI3IW BURMA FIVE STAR SHIPPING CORPORATISM (Burmese National Line) Loading for Rangoon S pore P.Ktlang Penang Bangkok smow 29 30 Nov 30 Nov/2 Dec BANK LINE ja'lß«M TAMAITAI SAMOA VI4N FORTH BANK V23N IVYBANK V23N SPOKE ROAM HULL HNSG f* I*2 2V2
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  • Page 26 Advertisements
    • 972 26 13 KAWASAKI KISEN KAISHA. LTD. 'K'linb N. AMERICA-ATLANTIC COAST N. AMERICA PACIFIC SOUTH-WEST N. AMERICA PACIFIC NORTH-WEST MOTHER VESSEL BAY BRIDGE GOLDEN GATE BRIDGE HARBOUR BRIDGE EUROPE (Member of ACE) ■export CHINA CONTAINER HONGKONG CONTAINER KOREAN JACEJIN PK/PNG 27/11 2/12 6/12 LE HAVRE 16/12 22/12 2S/12 SEVEN SEAS BRIDGE KOREAN
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    • 707 26 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contain*™ Singapore P Kelang Penan, Load«« tor Mo<l«er Vsl B( Feeder By feeder TULSIDAS *31 )D« KALIOAS *40 3 Jan Dec Dec Frem IMb Sydn/AdM TU LSI DAS *39 31 Jw 24 wn 24 Jan Frem Meto Srdn Ade< KALIOAS *41 J Mar ?4
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    • 547 26 SB GOLDEN LINE GUAN GUAN SUPPING (PTE) LTD a, T«M Ajr«r Strwl SINGAPORE DIM TEL &M3M (XI LINES) Fit SOW STRAITS/PERSIAN GULF SERVICE: S'port P.MH Ptnan, QOLDCN MAVEN CJm«»i*CTrt»/fti»«/O—W M OK OOLDm BEAI C*«6**e*Nowbm WOK A VESSEL M Ok CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA UKC
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    • 395 26 ItiUUVJ, I UC9UHJ, liuvruilici 69 H7W PHIU OfIICNT LIN€S PT€ LTD H fAD OFFICE 63 ROBINSON ROAD -07 1? AfRO ASK BUILDING SINGAPORE OICE TEIEX RS ***** PHtll fAX *****76 [***** I.VJ i-ir' m ETA SINGAPORE u&vlu n mi. vu W2 w, vu 7/U EAST/WEST AHUCA/MBL wi wu fTTT —',171
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  • Page 27 Advertisements
    • 773 27 \\NEPTUNE ORIENT LINES LTD 55" SSS JBahru NEPLINE SON F/UI EAST/EUROPE FULLY IWEMjIMttD Til VICE j. l TO EUROPE/UK (VIA SUEZ): rMm I mi >W 11/12 a m CONTAINER SM 2/U) 4/12 22/12 21/12 R JACEJIN MT «/i2) 6/12 2402 2t/12 Z KJACOMWr. 9/12) 11/12 21/12 Wl2 QW BRIOGE m.
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    • 497 27 HEUNG-A SHIPPING Korean Flag Vessels OOMAM SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. KEELUNG. BUSAN. INCHON VMttls Name ITO BS S PORE PKLC KEE BUSAN MO JI NO DONAM/tION mi 01 -MIU <6-4*02 13-11/12 IHM2 IUU tCLORIA/tliN 21/11 04 OS/12 %-WU (SKIP) 20-22/12 221U NO I DONAM/SMN 0502 10-10/12 24
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    • 872 27 r m 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 SHIPUNC 127 Penanj Street, FW* Malaysia M/S HANDLING SYSTEM
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  • Page 28 Advertisements
    • 201 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. Til 225 6868 (34 Lion) FAX *****39/*****76 TELEX RS ***** A/B SSCMA. RS ***** A/B SSCAD DSR-LINES l !rr DEUTFRACHT SEEREEDEREI ROSTOCK 4 INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE -VlfUimCA: ACCEPTING CARGO FOR LIMASSOL. BEIRUT, LATTAKIA, ALEXANDRIA, PORT
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    • 83 28 T.S.K. line: WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL TRANSIT TIME TO TAIWAN/JAPAN MY. SOVEREIGN ACCORD Vl* ETA SIN S/ia/SS I KAOHSIUNG 4DA SPORE -> KEELUNG TOKYO SHIMI2U "> NAGOYA KOBE TSKLINE AGENCIES (S) PTE LTD TEL: *****68 W. MALAYSIA AGENT: TRANS-ASIA SHIPPING CORP TEL: K.L. *****77, PKL *****64, PNG
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  • Page 28 Miscellaneous
    • 156 28 I Regional Weather K r U •1 I! I I sV s J > Uv o W#vJ <fcrecttor speed «> knot* SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JOAJL Nov 2t. IIM IfGfND R Thunderstorm Temperature .<• A\ Weother Weid <Wect«x> »>t* speed «i knot* R«n V_/ 0 Cloudy Sky Wa.ehe^t
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  • Page 29 Advertisements
    • 592 29 REGULAR EXPRESS FCL LCL SERVICE m ABC CONTAINERIZE N.V. WE HAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! NEXT VESSEL: TNT EXPRESS 214 ETA 13/12/88 Only 7 days to Fremantle! Only 12 days to Melbourne! Only 15 Days to Sydney! FROM USA/CANADA/EUROPE/MEDITERRANEAN Vsl TNT Express E. Hud« Brussd Antwerpen lE?3igi!iff?ncg|rflTwnETTOM
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    • 210 29 CSP SHIPPING AGENCIES PTE. LTD. TEL: *****66 (16 Lines) Tlx: ***** CSPFRT Fax: *****61 Orient Bulk Line INDEPENDENT FOREST PRODUCTS SERVICE TO EUROPE ALBK>N/***** OBL/***** SIN PKL DESTN SLO IN PT ROT/ANT/UK 9/12 12/12 ROT/ANT/UK S pore K Lumpur Intrasea (Pte) Ltd Mewah Shpg Sdn *****6/ Tel *****11 Bhd Tel
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    • 1110 29 Tatsumi Marine DMECT BAJUNG TO PAPUA NEW GUINEA (ACCEPTING BREAKBULK) Direct call to other ports sub/ect to inducement (also accepting transhipment cargo: OROBA Y MA DANG, KIETA, WEWAK KIMBE RABUAL vta LAE) "«f'T i COMPANIA CHILZNA DC r y %t INTBSOCEANICA SA (CHILEAN NATIONAL LINK) GREAT ANDES SERVICE Aftl aOREANA
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  • Page 30 Advertisements
    • 468 30 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines, TLX HS ***** RS ***** I \s I 1 K\ \K I IM R. Ill> STRAITS/ JAP**/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! •For Discharging Only MOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN ft CHINESE PORTS. SUBJECT INDUCEMENT
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    • 239 30 0 COLUMBUS LINE REEDERE! GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMkCONTAHER SERVICE TO via. (ASIA-SOUTH PACIFIC JOMT SERVICE) SPOKE TAYBANK VSS 2/12 Port Hornby, Lm COLUMBUS NIU6INI V2S 111/12 Accepting LCL cargo for main ports i Kavieng, Akrtau. Kieta. Honiara via s Agent: H C Til: discharge and also
      239 words
    • 169 30 w P.T. MASKAPAI PELAY PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OTTtoRE, INDONESIA. MALAYSIA 4 THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: Z*****7 VSL VOY SIN PKG PEN PKG SIN TANAH AIR
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    • 550 30 CALL US AT: P. KELANG PENANG 1 J BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 07 *****8 07-*****3, *****5, *****0, *****1 02-*****22 *****18 /M WEEKLY FAR EAST/EUROPE CONTAINER SERVICE P KELANG SINGAPORE r~n liil" LOADING FROM GOTHENBURG. BREMERHAVEN, HAMBURG. ROTTERDAM OTHER ORIGINS: AARHUS. AMSTERDAM. ANTWERP. BASLE. BREMEN. COPENHAGEN.
      550 words