The Business Times, 27 December 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 45/12/88 TUESDAY, DECEMBER 27, 1988 75 CENTS
    11 words
  • 93 1 Reuter JAPANESE Prime Minister Noboru Takeshita will reshuffle his Cabinet today after the closing of the current extraordinary session of Parliament, an official of the Prime Minister's Residence said yesterday. Mr Takeshita is expected to appoint new Justice and Education ministers while retaining Foreign Minister Sosuke
    Reuter  -  93 words
  • 359 1  -  By BOEY KIT YIN NEARLY 250 MILLION 10-cent coins were dropped into Singapore's public telephones in the year which ended March 1988. But. by 1991, no more 10-cent coins may be making their way into the innards of the orange instruments. This is because Telecoms has
    359 words
  • 232 1 UPI Reuter PRESIDENT Corazon Aquino of the Philippines yesterday expressed hopes that a proposed US$lO billion multilateral aid programme for the country would take off next year, saying that she had "debugged" government channels that had prevented full use of foreign loans.
    UPI; Reuter  -  232 words
  • 509 1  -  Expansion projects in the pipeline By LOH HUI YIN THE SINGAPORE oil industry, already riding high on a spate of megabucks expansion projects, should see even more investments in the new year, according to sources. Close to confirmation is an upgrading project worth about
    509 words
  • 265 1 HIGHER PROCESSING FEES and firm demand for refining capacity these are the current upbeat trends in the oil refining business which are expected to be sustained in 1989 No longer is capacity going a-begging with rock-bottom processing fees. Instead of facing tough terms from
    265 words
  • 475 1 Bernama NEW UMNO secretary-general Datuk Mohamed Rahmat said yesterday that former Malaysian Trade and Industry Minister Tengku Razaleigh Hamzah s invitation to the opposition Islamic party PAS to cooperate with his group could in the present circumstances undermine Malay unity efforts. "I believe that
    Bernama  -  475 words
  • 148 1 AFP WORLD TRADE will expand 11.3 per cent to a record U553,143.5 billion in 1989, according to the Japan External Trade Organisation (Jetro). Global trade growth, allowing for inflation, will be 5.8 per cent in real terms, led by the United States, Japan and
    AFP  -  148 words
  • Page 1 Advertisements
    • 249 1 Nikon The World's Finest Photographic System. IS i 0L V. T. •i ■a a? ii ii ■ill L BUSINESS OWNERS need to develop a business plan primarily for two reasons: to provide direction for the business, and for use when obtaining financing from outside sources. PETER LEONG has the details.
      249 words
    • 40 1 Reds say they can take power in 10 years, PAGE 4 For market indices, Editorial, Advertising Circulation extensions, call Business Times Information Service 730-5155 Business Times address Times House. 390 Kim Seng Road. Singapore 0923 Telex RS ***** Fax 733-5271
      40 words
    • 155 1 Editorial Comment: 10 In tune with the times China 10 Slowdown of reforms Hongkong 10 Uncertain future ahead Japan 4 All eyes on Cabinet reshuffle Angola 5 Crucial period for peace efforts US banks 6 Smaller profits expected next year Commodities 8 A look back at the year's events Aids
      155 words
    • 173 1 Nikon The World's Finest Photographic System. This ad is designed especially for busy people like you. (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
      173 words

  • MANAGEMENT
    • 948 2  -  How to assess the potential of a company Spotlight on Management By PETER LEONG Peter Leong is a consulting manager at Ernst A Whinney Consultants Pte Ltd BUSINESS OWNERS need to develop a business plan primarily for two reasons: to provide direction for the business,
      948 words
    • 600 2 Reuter HAVE YOU EVER had an argument with someone and later wished you had said something else? If your answer is "no", you would be on your way to failing the Stanton pre-employment honesty test. That and 82 other questions are aimed at weeding out
      Reuter  -  600 words
    • 1087 2  -  MICHAEL SKAPINKER EXPLORES THE TRAPS IN A SUPPOSED MEASURE OF EFFECTIVENESS MICHAEL SKAPINKER FT DO YOU HAVE a manager on your staff, a recently-graduat-ed MBA perhaps, who thinks that he knows it all and can learn nothing from anyone else? If
      FT  -  1,087 words
    • 496 2  -  By CHRISTOPHER LORENZ FT A FEW YEARS AGO. Tom Peters, the influential author ot a string of best-selling books on excellence in business, was on holiday in Norway when he "fell in love", as he puts it. with a simple, wooden-han-dled metal hammer. He
      FT  -  496 words
    • 1155 3  -  Results of Business Week survey By TAN KEE WEE IF YOU THINK the best business school in the United States is either Harvard, Wharton, Cornell, Stanford, Chicago, MIT, UCLA or Yale, you are in for a surprise. According to a recent survey by
      1,155 words
    • 561 3 The Economist WHICH IS EUROPE'S best business school? Insead, the international school at Fontainebleau, according to a poll of 200 senior European executives. Insead was named by 70 per cent of the executives surveyed by The Economist Publications. The second most highly regarded school
      The Economist  -  561 words
  • Page 2 Advertisements
    • 124 2 *> ZJ> Great Steak At A Great Old Place s y The steak house that Jack Hunt started and still standing where it was today, serving the finest in beef steak. The charm of Jack's lingers on at Jack's Killinev. 3 Great Choice at 3 Great Prices 5 COURSE SET
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  • Page 3 Advertisements
    • 11 3 Keep your investment decisions on target PJHARTPOINIf U EVERY SATURDAY X
      11 words
    • 350 3 Good ideas keep coming up The personal planner has just been updated. And expanded THE SHARP ELECTRONIC ORGANIZER 10-7000 The new IQ-7000 Electronic Organizer and software cards. Now you don't have to leaf through pages searching for scribbled information. Thanks to the wallet-sized IQ-7000. It's an efficient and data management
      350 words

  • ASIA – PACIFIC
    • 245 4 Reuter TAIWANESE PRESIDENT Lee Teng-Hui has vowed to unify China under freedom and democracy as minority opposition members clamoured for full elections to Taiwan's Parliament. "Today our government is in Taiwan, but we must recognise that there is only one China, which must be
      Reuter  -  245 words
    • 372 4 Reuter CHINA announced new measures on Sunday to combat record inflation, including higher taxes and tighter budget controls. The New China News Agency quoted Finance Minister Wang Bingqian as saying the government would strive to keep next year's budget deficit "at least below this
      Reuter  -  372 words
    • 138 4 Reuter AT LEAST 13 people were injured in a fight between African students and university staff at a Saturday night dance, according to a New China News Agency report. It said two African students in the central city of Nanjing refused to register two young
      Reuter  -  138 words
    • 234 4 AFP SOUTH KOREAN ministers have decided to accept North Korea s proposal for high-level political and military talks, Seoul's staterun Korea Broadcasting System (KBS) said. The decision was made last Saturday at a breakfast meeting of cabinet ministers in the presidential residence that included the
      AFP  -  234 words
    • 75 4 Reuter SOVIET Foreign Minister Eduard Shevardnadze said in Pyongyang that a dialogue between North and South Korea would be possible before long, the North's official Korean Central News Agency reported yesterday. The agency did not say when Shevardnadze, who left North Korea for Moscow on Saturday after a
      Reuter  -  75 words
    • 438 4 UPI WITH a sweeping tax reform passed by parliament on Saturday, Japan's political attention now shifts to a Cabinet reshuffle planned by Prime Minister Noboru Takeshita. Mr Takeshita, whose popularity plummeted because of the unpopular tax reform, plans to reorganise his cabinet this week
      UPI  -  438 words
    • 252 4 Reuter COMMUNIST REBELS boasted on Sunday that they could take power in the Philippines within 10 years and said not even US backing for the Manila government could stop them. In a statement on the eve of its 20th anniversary,
      Reuter  -  252 words
  • Page 4 Advertisements
    • 86 4 w CONGRATULATIONS to Soon Bee Oil Industries Re Ltd in securing the charter contract from Caltex (Asia) Ltd for a 5,000 Dwt Bunkering Tanker, designed by Conan Wu Associates Re Ltd *F ZZ S -t K\/7 OUT&OABQ PBQf', We are proud to be appointed the builder for the construction of
      86 words
  • Page 4 Miscellaneous

  • REST OF THE WORLD
    • 526 5 AFP BRITAIN'S trade and current account deficits declined markedly in November from the high October levels, the British Trade and Industry Ministry reported last Friday. The current account suffered a deficit of £1 613 billion (about US$2.9 billion) in November, seasonally
      AFP  -  526 words
    • 1035 5 ARRIVALS Operator Service Local From number time FTL FT75 0315 ATL/DFW/ORD/ ANC/NRT/ MNL/TPE ALK UL455 0325 TYO CAL CI333 0405 TPE AIR CW707 0410 MTS/MRU SWAZI SEY HM601 0700 SEZ GIA GA9401 0800 MES SIA SQ4I7 0810 DXB/KHI MAS MH640 0820 KUL SVA SV398 0835 JED/RUH MAS
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    • 158 5 AFP THE EUROPEAN Community has announced grants worth some 292 million ECUs (US$33B 72 million) for projects throughout the Third World under the Lome Convention, which links EC with 66 countries in Africa, the Caribbean and the Pacific. The aid ranged from
      AFP  -  158 words
    • 249 5 AFP A REVOLUTION awaits the Polish economy from Jan 1 next year with the government blazing a trail to free enterprise and urging Poles to make money Under two "fundamental" bills rubber-stamped by Parliament last Friday, free enterprise, free investment for foreign
      AFP  -  249 words
    • 268 5 Reuter MUSLIM Morocco and Catholic Spain are to build a bridge to link Europe and Africa across the Straits of Gibraltar, the Atlantic gateway to the Mediterranean "I hope it will be built before 2000." Morocco's King Hassan said in a recent interview
      Reuter  -  268 words
    • 491 5 Diplomatic efforts intensify AFP AFRICAN DIPLOMATS say the upcoming months will be a crucial time for the future of Angola if it is to consolidate peace efforts which culminated last week in the sign>ng of an agreement between Angola. Cuba and South Africa.
      AFP  -  491 words
    • 117 5 FT THE EUROPEAN COMMISSION has moved swiftly to support the international accord on southwestern Africa with a 60 million ECUs (USs7om) programme for Angola to resettle refugees, develop rural infrastructure and create jobs in the strife-torn country. Spain, France, Italy and Portugal, the former colonial
      FT  -  117 words
    • 404 5 NYT SOUTH AFRICA has agreed to cut back the number of policemen in Namibia and disband a paramilitary police force there, according to diplomats at the United Nations. They said last Friday that the move was intended to reassure the UN that
      NYT  -  404 words
  • Page 5 Advertisements
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      52 words
    • 184 5 it •Iff If S* -V«* 1 "i .3 r, j V'J j Begin your New Year celebrations on a high note. Party at the peak of perfection. In the world's tallest building outside the U.S.A. With a truly magnificent view to crown your celebrations. The Pinnacle. Singapore's newest and highest
      184 words
  • Page 5 Miscellaneous
    • 88 5 /s/'fZ m Singapore OUTLOOK: Showara ovar several areas In the lata afternoon and •arty avanlng. Report for 24 hours prior to 7.30pm on Dk 26 at Ihe oirporfc Mai lamp 30.5 Aaaoc humidity 67 Mln tamp 23.9 Aaaoc humidity 95 Hra of aunahlna 4.50 Rainfall In mm 0.7 Rainfall thla
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  • MONEY AND EXCHANGES
    • 1000 6  -  by PAUL FRANKLAND ACCIDENTAL damage to your computer can cause you serious financial losses. But that isn't the end of the sad story. You may not be fully insured even under a Computer All Risks policy, unless certain additional
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    • 533 6 NYT IN ANOTHER COSTLY rescue of insolvent Texas savings institutions, the US Federal Home Loan Bank Board on Thursday pledged an estimated US$l.B5 billion over the next 10 years as part of a recapitalisation that merged 15 savings units in the state. The rescue ranked
      NYT  -  533 words
    • 191 6 Reuter NET FOREIGN holdings of major Swiss banks and finance companies dipped in the third quarter as liabilities grew faster than assets. the Swiss National Bank reported. Net foreign assets shown on balance sheets fell 4.1 billion Swiss francs from the second quarter, to
      Reuter  -  191 words
    • 886 6 AFP ASIAN currencies posted mixed results last week in generally quiet pre-holiday trading that by Friday had slowed to a trickle. Market participants eager to buy US dollars before closing their books for the year sent several Asian currencies lower including the Japanese yen. But the New Zealand
      AFP  -  886 words
    • 222 6 ASIAN CURRENCY average deposit rates for the week ended Dec 23 BID PRICES High Low us s 7 days 10 15/16 8 3/4 1 month 9 13/16 9 7/16 2 months 9 9/16 9 5/16 3 months 9 1/2 9 5/16 6 months 9 1/2 9 3/8
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    • 30 6 The range of call rates for the week ended Saturday, Dec 24 Bank fund 2.5 4.5 Gen fond 3.5 4.4 Movement* of funds M$260m $OVC0 I I 1
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    • 176 6 Gold futures on Dec 23, 1988 100 troy ounces USS per troy ounce Opon High Low son* OK 417 50 419 00 416.20 418.50 -0.50 Jon 90 419.40 0.30 ►•to ***** 422.00 419 60 421.60 0.30 Apt 426.30 427.50 425.40 427.10 -►0 30 Jun 432.00 ***** 430.70
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    • 504 6 Reuter BANKS MUST DIVERSIFY their treasury activities to widen their revenue base, but a shortage of skilled dealers remains a major impediment, dealers and bankers said. Edmund Tai. president of the Foreign Exchange Association of Singapore, said in an interview during the weekend
      Reuter  -  504 words
    • 251 6 AFP THE VIETNAMESE DONG was devalued by 7 per cent against the US dollar yesterday to 3.000 dong to the greenback, the central bank in Hanoi announced. The devaluation, the second this month and third since Nov 10, falls under a new monetary policy designed to
      AFP  -  251 words
    • 65 6 Reuter THE HIROSHIMA Bank Ltd plans to raise a total of some 33 billion yen through issues of shares and convertible and privately placed bonds next month, a spokesman for the bank said. The bank expects to issue 15 billion yen of shares and 10 billion yen
      Reuter  -  65 words
    • 489 6 PLR of banks at the close of business on Friday. Dec 23.as supplied by the Association of Banks in Singapore: Indicates th* avarag* of tha prim* fending rates of 12 major banks In S'pora BANK PLR Algemene Bonk 6% Allied Irish Bonk PLC 6% Americon Express Bonk
      489 words
    • 125 6 Banqueue Indosuez S'pore THE Singapore government securities market had a quiet week due to dealers closing their books for the year end Trading was very thin and was restricted to cus- tomer purchases The market is expected to remain that way until the New Year begins The
      Banqueue Indosuez S'pore  -  125 words
  • Page 6 Advertisements

  • BANKING AND FINANCE
    • 278 7 AFP BANKS in Hongkong will (ace keener competition from their Japanese counterparts in the coming years, a spokesman of a leading bank said in Hongkong last week. Ronald Carstairs, Hongkong chief manager of Standard Chartered Bank, one of the British colony's two note-issuing
      AFP  -  278 words
    • 416 7 Reuter AN AGREEMENT under which Britain's fourth biggest commercial bank is donating all of its Sudanese debt to a UN relief agency could herald a wave of swaps to reduce Third World debt, analysts and aid officials say. The world's poorest nations are
      Reuter  -  416 words
    • 198 7 Reuter BRITAIN'S state-owned Post Office has said its pre-tax profit slumped 74 per cent to £12 million in th~ half year to Oct 2 due to a September strike by postal workers. This compared with £46 (nillion on a current cost
      Reuter  -  198 words
    • 324 7 UPI PRIVATE BANKS have suspended payments to Brazil under a financial package designed to enable the Latin American nation to continue paying interest on its US$l2O billion foreign debt, financial sources said. The sources said the private banks suspended the payments because of Brazil's
      UPI  -  324 words
    • 592 7 Reuter MAJOR US BANK earnings in 1989 may look weak next to 1988's strong fourth quarter and full year profits, which were boosted by two years of Brazilian interest finally counted as revenue, analysts said. But excluding Brazil and other one-time events. 1989
      Reuter  -  592 words
    • 330 7 Bernama MALAYAN BANKING Bhd plans to introduce a new service soon known as autodebit' which will help customers ease the hassle of paying their utility bills, the bank's executive director Haji Ismail Zakaria said. Oeclining to elaborate, he said payment of utility bills using autodebit
      Bernama  -  330 words
    • 100 7 AFP SPANISH BANK Banco de Santander is said to have become the main shareholder in Britain's Royal Bank of Scotland. The deal was concluded in Madrid last week. Banco de Santander now holds 9.996 per cent of the Royal Bank of Scotland Banco
      AFP  -  100 words
    • 147 7 Reuter THE COMBINED ASSETS of Taiwan's offshore banking units (OBUs) rose to a record US$l2.4 billion at end-November from US$lO.7 billion in October due to a rise in borrowing by local OBU operators from abroad, the central bank said in Taipei.
      Reuter  -  147 words
  • Page 7 Advertisements
    • 102 7 Sometimes what you Dont know can hurt you i' Jj <'*•*> V? I*'1*' v O- k ri|gK%s 3a;S% *4 >- v r w r >' %.s r:- >.. V* *:V .> r* >> 5T 1 3 V" •vi *2 a v; 1 i* V,f aC >ur business, investment and economic
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  • COMMODITIES
    • 2096 8 AFP THE RECOVERY in commodity prices, which began in 1987 following the slump seen at the beginning of the decade, gained strength in 1988 thanks to increased investment after the stock market crash of October 1987 and strong economic growth in the Western world,
      AFP  -  2,096 words
    • 291 8 Reuter JAPAN'S natural rubber imports will reach record levels in 1988 but the import boom is unlikely to continue through 1989, rubber traders and industry sources said. "The pace of Japanese buying will slow in 1989 because of rises in domestic stocks
      Reuter  -  291 words
    • 369 8 AP PLATINUM-REFINING giant Johnson Matthey pic has said it did not act improperly in failing to disclose its knowledge of Ford Motor Co s plans to develop plat-inum-free catalytic converters. The announcement by Ford a fortnight ago that the converter was being tested sent platinum futures
      AP  -  369 words
    • 60 8 AFP NEPALESE Prime Minister Marich Man Singh Shrestha has officially launched a joint venture lead, zinc and silver mining project at the foot of a Himalayan peak. A Ministry of Industry official said the joint venture between India and Nepal would, by 1991, produce 120,000 tonnes of
      AFP  -  60 words
    • 197 8 RUBBER PRICES closed lower last week in very thin pre-Christmas trading with International One RSS shedding six cents to finish at 285.50 cents per kg from 292.50 cents last Friday. There was hardly any interest as traders were absent because of the upcoming holidays. Light pre-holiday covering and a
      197 words
    • 180 8 TIN PRICES closed higher last week on the Kuala Lumpur Tin Market (KLTM). ending four cents up at M 519.85 a kg on the week European, Japanese and local interests were the main players. Dealers said there was no rationing of foreign tin but added that "everybody wanted
      180 words
    • 141 8 Telerate Fuel oil prices slipped lower in the Singapore market last week. High refinery runs and an increase in imports were seen as the main reasons for the softer prices. Buy-sell indications for CST-180 hovered at US$6B-US$7l per tonne cif/fob Sing for most of the week
      Telerate  -  141 words
    • 166 8 PORLA prices for Dec 23 Crude palm oil All trades in M$/tonne on delivered basis unless otherwise stated: Month North Soutti Central E Coast Averaffe Dec 967 00 980.00 972.50 969.50 Jon 977.50 ***** 978.00 984.00 Feb 984.50 984.50 Palm kernel ei-mlll Month North South Central E Coeat
      166 words
    • 169 8 Chinese Produce Lam pong block Copra (M$/100kg) Exchange FOB Asta NIW 495.00 No 1 (estate) 93.00 Sellers' noon doting prices Dm 23 (SS/100 kg) Coconut oil i on Coffee API FOB NSW AP2 FOB NSW EK1 FOB NSW 435.00 385.00 395.00 No 2 (smoMhoiders) 88.00 London Commodity M<
      169 words
    • 285 8 London CIF UK/Rotterdam Cash 1880/1900 Commodity unq (unq) M'sian/Sumatron crude 3-months (1820/1820) 1860/1880 Exchange Buyer/Seller dosing prices on Dec 23, (£/tonne unless CIF UK/Rotterdam Jan 405slr (402.50sir) Fed 41 Oslr (407.5sir) Settiement Tone: (1800/1820) 1900 (1850) Sales: (Ml) specified). Previous closing M'sian RB0 Lead prices in parenthesis. FOB
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    • 144 8 SOYBEAN FUTURES rallied from opening lows to close with gains of eight to three cents per bushel in moderate trade on the Chicago Board of Trade on Friday, despite reports of rains in Brazil. A large purchase by a major speculator, said to be following bullish technical signals, attracted
      144 words
    • 148 8 WHEAT FUTURES closed 1-3/4 cents to 3/4 cent per bushel higher in light trade, with March settling at US$4.4O-1/2 after drawing within 1/2 cent of its U554.42 contract high on the Chicago Board of Trade on Friday. The active pace of US wheat sales under the EEP and persistent
      148 words
  • Page 8 Advertisements
    • 145 8 FOR SALE WHITE HERON HOTEL AUCKLAND NEW ZEALAND Ihe White Heron Hotel is a well known landmark and is located in Auckland, New Zealand, in the established and exclusive inner city suburb of Parnell. The hotel enjoys a unique position above the Auckland harbour, with extensive, uninterrupted city and harbour
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  • TECHNOLOGY
    • 678 9 THE LAPTOP COMPUTER market is growing dramatically. IBM acknowledged recently that it would not bring out a laptop product this year, and analysts said new battery-powered entries from Compaq, Zenith Data Systems, Toshiba and NEC might have intimidated the world's largest computer maker. Andrew Czernek,
      678 words
    • TECH-TAKES
      • 89 9 Reuter JAPAN'S output of one-megabit dynamic random access memory (DRAM) chips is expected to rise almost 60 per cent in the first half of next year from the previous six-month period, the Japanese Ministry of International Trade and Industry (Miti) has announced. The increase was
        Reuter  -  89 words
      • 57 9 UPI SCIENTISTS have invented a new transistor that can switch on and off 140 billion times a second, 12 times faster than transistors used in supercomputers. The "bipolar transistor" was created at the AT&T Bell Laboratories and could have applications in computers as well as microwave communications and
        UPI  -  57 words
      • 101 9 UPI MATSUSHITA Electric Industrial Co, a major Japanese electronic firm, has developed basic technology for laser visual sensors which can detect objects located in smoke or flames. The Osaka-based company said the new sensor was an active type device, which irradiated infrared laser beams at objects and
        UPI  -  101 words
      • 88 9 Reuter FUJITSU LTD has developed the world's first memory cell for 64-megabit dynamic random access memory (DRAM) microchips, a company statement said. The innovation, unveiled at an electron devices conference in San Francisco, would enable Fujitsu to make a 64megabit DRAM chip within five years. An
        Reuter  -  88 words
    • 720 9 UPI SCIENTISTS have overcome a major hurdle in Aids research, successfully infecting a special strain of mice that have human immune tissues with the deadly virus, researchers said last Thursday. In studies published in the journal Science, three research teams outlined different strategies
      UPI  -  720 words
  • Page 9 Advertisements
    • 270 9 PC Corner has been held over due to pressure on space NO OTHER LAPTOP IN ITS CLASS IS Epson Electronics (S) Pte Ltd NO I RAFFLES Pl>\CF 00 OUB CENTRE. SINGAPORE 0104 TEL *****7/ 18 LINES) TELEX RS *9536 EPSONS FAX 53*8119 THE NEW EPSON PC PORTABLE. The power of
      270 words

  • PERSPECTIVE
    • 545 10 MUSICALLY, 'FM 98.7' isn't quite as catchy as Zoo 101 6", but the tone nevertheless comes across loud and clear SBC is very much attuned to the concept of competition It may have taken a group of deejays with furry last names to get SBC's
      545 words
    • 725 10 TAIWAN UPI THE DEATH OF President Chiang Ching-Kuo on Jan 13 shattered the quietude of the Nationalist government ensconced on the island of Taiwan for nearly four decades. The death of the popu- lar president after a 10year tenure ended the Chiang family's dynastic
      UPI  -  725 words
    • 558 10 CHINA AFP THE YEAR 1988 saw a slowing down of 10 years of ambitious reforms as China's new team of younger leaders confronted growing social discontent triggered by economic problems. China s reformists had emerged victorious over conservative party leaders at the 13th Communist Party
      AFP  -  558 words
    • 374 10 A REVIEW OF THREE ASIAN COUNTRIES HONGKONG UPI HONGKONG'S seemingly non-stop economic development continues to improve the lives of the British colony's 5.6 million people, but dark clouds obscure the future leading up to the handover to China in 1997 Had the liberal camp had its way,
      UPI  -  374 words
  • Page 10 Advertisements
    • 194 10 FOR SALE WESTHAVEN MARINE CENTRE AUCKLAND NEW ZEALAND £g i L I %>**'• if. r i > h v N l-C v »>•::• J*-. la The Westhaven Marine Centre is located adjacent to the central business district and enjoys a prime waterfront position in Auckland, New Zealand, "The City of
      194 words
    • 6 10 Regional Viewpoints has been held over
      6 words
    • 87 10 BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, horse-racing, tennis, bowling, etc. And, of course, the all-round executive cannot afford to miss Sevvy's golf date every Tuesday.
      87 words
  • Page 10 Miscellaneous
    • 29 10 ORITISH M|-SPe£D R*»L THC L-ftTe ARRIVAL OP ALL TRRINS AND NOU) oveß TO T H R,efb^T Iw PLATFO(?K) owe ARCTIC UOINDS pLpaFoßrri Tu>o.. FR6E.7.IK& FoG THf?££ SNOl>> AMD I
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  • THE ARTS
    • 498 11  -  BOOKS Living in an Alibi Society By Nicholas Stacey The Economist Rubicon Press WITH CHAPTER HEADINGS such as On Manners and Civility' and On Intellectuality and the Mar-ket-Place the reader might think this is a gentle early-Victorian Liberal romp from the likes of John Stuart Mill.
      The Economist  -  498 words
    • 105 11 ART SALES UPI THE WORLD'S two biggest art auctioneers said last Tuesday they sold nearly US$l.6 billion worth of art in the autumn season alone. Both houses Sotheby's and Christie s reported record totals for a three-month series of spectacular sales in which phenomenal prices for
      UPI  -  105 words
    • 1037 11 DANCE NYT THIS WAS THE YEAR of the special event. It was hard to speak of business as usual in dance, what with birthday celebrations, anniversaries, galas, festivals galore and glasnost, which opened unprecedented floodgates for Soviet dancers to go to American shores.
      NYT  -  1,037 words
    • 1704 11 FRANK RICH sums up the year on Broadway NYT THE THEATRE year of 1988 opened with the falling of a chandelier and closed with the dropping of Robin William's pants. In between, fortunately, came a lot of other, more worthwhile, drama. But the productions
      NYT  -  1,704 words
  • Page 11 Advertisements
    • 120 11 Ufctffeßi 6(0 M m&t mrme tt'&ef, AT i&sr ON mmu&. ss s r I i m "V V 1 —v' EXECUTIVE LIFESTYLE SATURDAY. BUSINESS TIMES. iimKra um BT. Singapore's largest daily, carries an indepth and up to date coverage on the banking and financial sectors, both local and overseas This
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  • LEISURE
    • 592 12 SALVADOR DAL! The Economist WHEN he was taken to a Barcelona hospital in late November. Salvador Oali asked for a television set to follow coverage of his illness At 84, sporting a nightcap and a handlebar moustache, he continues his lifelong affair with decay and death
      The Economist  -  592 words
    • 1047 13 HAN sum NYT FOR YEARS, during some of the most tumultuous times in modern China, Han Suyin was allowed to visit Prime Minister Zhou Enlai, meeting him 10 times in private audiences that lasted for hours. Asked why Mr Zhou had granted this
      NYT  -  1,047 words
  • Page 12 Advertisements
    • 242 12 Where to entertain. ■> I THE MOMK'S BOWL DELIGHTS Ari authentic Chinese dish Generous portion of succulent pork, diced and stir-fried Presented in a lovely golden brown taro bowl, with Chinese wine, black pepper added in for that exquisite taste Available only in December at the Meisan Szechuan Restaurant on
      242 words
    • 225 12 MALAYSIAN HIGH TEA ONLY $7.00++ V 1 r: c 't Trv Something Malaysian Stvle HIGH TEA" From three to six every afternoon your choice of 15 Buffet spread of delicious Kueh Lapis. Kueh Dadah, Mee Sam, Kueh Kuchee. Agar Agar Gundil. Bubor Hitam, Gula Melaka and many more. Unlimited servings
      225 words
    • 251 12 Salutes the Ladies Chinoiserie salutes the 'fairer sex' every Tliesday Night. Ladies it's your night out, for fun, and great times. Cover charge is exempted for all females, so guys, tonight's the night to spoil your gals. Hyatt Regency© Singapore 10-12 SCOnS ROAD. SINGAPORE 0922 TEL: *****88 TELEX: RS *****
      251 words
    • 212 12 dub^ w if ff Club 5 presents EX-ACT with the hits of yesteryear SUN THCIRS, 5-8 pm. Happy Hours, 5 8 pm Daily. Plaza Hotel Beach Road Singapore 0719 Tel *****11 wx 24—hr Coffee xHouse/ (Level 5) Where the service is good, the ambience great, the food simply marvellous! An
      212 words
    • 201 12 Public Western and 8m js with u Singapore 0923. Tel: *****11 happenings m CAIRNCOURT RESTAURANT FESTIVE CHINESE MENU: rr-» MP3M Ist December 1988 31st January 1989 6.30pm 11.00pm 4 Outstanding Festive Menus to choose from. (For a table of 10) $238.00 4 per table Including 8 complimentary bottles of soft
      201 words

  • Page 13 Advertisements
    • 255 13 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 Cafe in the Park A<§> C enturv Park
      255 words
    • 33 13 The 'Creme dela creme' of Sherries Harv eys Bristol Cream Sherry. Famous the world over for its rich, sweet and mellow flavour. Especially refreshing serv ed chilled or with ice, for all occasions.
      33 words
  • Page 13 Miscellaneous
    • 684 13 CRYPTIC PUZZLE ACROSS 3 I shot out of the lift! (5) 8 To start with, Ben embraces Joe (5) 10 Has to be in Los Angeles or another city (5) 11 They contribute to some newspaper (3) 12 Some records broken in furnishings, etc (5) 13 He uses a car
      684 words
    • 1159 13 to aaa aaawß Dream Child In New York v X-a> .vt T" TUESDAY PREMIER Dream Child 10.30pm, Channel 5 The fascinating material at hand is flawed by a romantic sub-plot and fruitless efforts to re-create New York settings and characters of the 1930s Stars Coral Browne, lan Holm and Peter
      1,159 words

  • SPORTS
    • 527 14 YACHTING UPI AUSTRALIA'S revolutionary maxi-yacht. Windward Passage 11, led the fleet out of Sydney Harbour yesterday and set sail for Tasmania as the hottest favourite in history to take triple honours in the 630nautical mile Sydney-to-Hobart Ocean Classic. The 80-footer (24.34 m)
      UPI  -  527 words
    • 250 14 CRICKET Reuter GIANT West Indian Curtly Ambrose continued his one-man destruction of Australian hopes with both bat and ball on the second day of the third Test in Melbourne yesterday. After completing a Test best 44 in the West Indian
      Reuter  -  250 words
    • 300 14 PARIS-DAKAR RALL Y AP THE ARRIVAL of competitors in the 11th Paris-Dakar Rally created traffic jams in Barcelona on Sunday night. Thousands of people crowded the city streets to see the 241 cars and 155 motorcycles arrive from Paris in the first leg of the
      AP  -  300 words
    • 496 14 AMERICAN FOOTBALL AP LOS ANGELES RAMS quarterback Jim Everett watched the Minnesota Vikings race to a 21-0 lead over Chicago in their Monday night finale last week and he was impressed. The Viking defence dominated the Bears and Everett's Minnesota counterpart. Wade Wilson, threw
      AP  -  496 words
    • 261 14 UPI "SMILE, make eye contact and speak nicely to passengers" is the message 5,500 taxi, limousine and other drivers in Miami are getting from Super Bowl organisers hoping to impress up to 100.000 guests expected for the Jan 22 championship game. The drivers, from
      UPI  -  261 words
    • 534 14 BASKETBALL UPI WHILE the Lakers stood around on offence, the Utah Jazz moved a step closer to dislodging Los Angeles from its customary spot atop the National Basketball Association's Western Conference. Using strong rebounding and inside defence, the Jazz rolled up a
      UPI  -  534 words
    • 371 14 ATHLETICS AP ANDRE PHILLIPS may never equal his memorable year of 1988 when he finally beat Edwin Moses and collected an Olympic gold medal in the process. But he's going to try. "I'm going to go after the world record I'm still hungry,"
      AP  -  371 words
    • 248 14 SNOOKER AFP WORLD snooker champion Steve Davis could face another fine after pulling out of the European Open due to "exhaustion". Davis, winner of five tournaments already this season, has decided he needs a break from his heavy playing
      AFP  -  248 words
  • Page 14 Miscellaneous
    • 102 14 Against the wind AGAINST A N STRONG WIND ALWAYS TAKE TWO CLUBS V MORE < /LEAVE THE MAjtfRITY^ OF WEIGHT ON YOUR ft LEFT FOOT AND V V W J 5WIMG THE HANDS >- -<back to smoulder V HEIGHT JV T ALLOW YOUR V I WRISTS TO COCK V V
      102 words

  • COMPANIES & STOCK MARKETS
    • 847 15  -  -6y P Y Chin MALAYSIAN-BASED trading and manufacturing conglomerate Antah Holdings Bhd has one simple corporate philosophy: invest in ventures where the risks are minimal. "There is no business that is recession-proof," said Antah's chairman, Tunku Naquiyuddin ibni Tuanku Ja afar, in a recent
      847 words
    • 695 15 Current Ea Books Dele Total lor Total (or payment date close payable the year last year A 1 S ft 10% (bl Jon 6 Jon 20 Jon 31 10% 5% A M D ft l%lbJ Nov 24 Dec 8 Jon 9 Amal Steel 8%TE<b) Dec 1 Dec 15
      695 words
    • 69 15 Company RIGHTS iSSUE General Corp Issue o< $44 204 936 -Kxn.nol omount ot 8% Convertible Unsecured loon stocks (CUISI 1988 93 on 'he bos.s of $2 nominal omount o' loon stocks for every five GCB sno'es ot $1 eoeh or $2 nominol omount of CUlS 988 93 foi
      69 words
    • 374 15 Company RIGHTS ISSUE C 1 Holdings 27 million loon stocks in t"ie rotio o' S3 loon slock for every live O'dinary shares held Causeway Inv Issue ol J7 252 937 nomrnol amount of 6% loon Stock 989 94 on *he basis of $1 nominal amount of loon stock
      374 words
    • 969 15  -  Having come out stronger than ever after the Pan-El disaster, broking firms here faced a different challenge in 1988. ROSIE TAN reviews the performance of the securities industry and casts an eye on the year ahead. ROSIE TAN THE SECURITIES INDUSTRY, which emerged stronger and
      969 words
    • 392 15 Bernama THE LION GROUP is confident its retailing business will record profits within the next nine to 12 months, executive director Tan Onn Poh said. A lot of renovation work on the Parkson Grand stores, and staff training is still being carried
      Bernama  -  392 words
    • 233 15 NST AYER HITAM Tin Dredging Malaysia (AHT) expects gaming-based Sababumi (Sandakan) to churn out some $10 million to $12 million in pre-tax profit for the year ending June 30. 1989 Speaking after the company's annual general meeting on Saturday, chairman Md Noor bin Md Dom said
      NST  -  233 words
    • SES
      • 1396 16  -  r 1 Singapore p L 4 By JOCELYN TOH T'WAS the week before Christmas that the Singapore stock market stirred itself to join in the festivities. Santa brought some sparkle to the Singapore stock market as it staged the highest one-week climb in the two
        1,396 words
      • 223 16 KAMPONG LANJUT TIN DREDGING Berhad: 60th AGM at Abbey Room 1 2. Ground Floor, The Merlin Hotel, No 2, Jalan Sultan Ismail. ***** Kuala Lumpur on today at 11.00 am. TONGKAH HOLDINGS BERHAD: EGM at Ming 111 IV. First Floor, Ming Court Hotel, Jalan Ampang. ***** Kuala Lumpur
        223 words
    • 5996 16 19 Tel Last Vol Week Last Quote Dlv Dlv Y'M Net M Cap High LOW Code Company Sale C or('000) High Low Buyer Seller C'»r P/E Jmll SESDAQ 187 114 1 4000 Amtek Eng 20c 121 1 6 121 120 120 122 100 N 7.1 1.7 8
      5,996 words
    • MARKET REVIEWS
      • 948 17 1 K.Lumpur MBT SHARE PRICES rebounded on the Kuala Lumpur stock market last week to close broadly higher, thanks to gains chalked up on four of the sessions. The more buoyant week also saw the debut of Rashid Hussain Bhd (RHB) the first
        MBT  -  948 words
      • 844 17 m New York FT AP CHRISTMAS began last Tuesday for Wall Street markets, shortly after stocks flirted briefly with a new post-Crash high and then began drifting lower on dwindling volume as people's thoughts turned to partying It was the dying moment of an
        FT; AP  -  844 words
      • 625 17  -  Week ended December 23 compiled by JULIANA TAY SCRIP ISSUES Causeway Inv: Proposed issue of $7,252,937 nominal amount of 6% Loan Stock 1989/94 on the basis of $1 nominal amount of loan stock with two TSRs for every 4 ordinary shares held General Corp: Rights issue of $49,204,936
        625 words
      • 503 18 Tok LvJ AFP SHARE PRICES rose substantially on the Tokyo Stock Exchange last week after suffering a weekly setback for the first time in 10 weeks in the previous week. The key market indicator, the Nikkei Stock Average of 225 blue chips, ended the week
        AFP  -  503 words
      • 285 18 AFP THE LONDON Stock Exchange had an irregular week last week, notable for the publication of important British economic statistics. The level of trading activity was particularly low as the Christmas holiday period drew closer. The Footsie index closed at 1,774.0 on
        AFP  -  285 words
      • 319 18 LAST FULL YEAR Company Period Oat* Year Net EPS Gross Net announced ending (cents) dtv profit last year ($•0001 Sel Properties Interim Jul 30 Oct 88 09 10 2 808 Alcorn Interim Sep 22 Dec 88 19.0411 Leong Huat Interim Sep 29 Dec 88 5351 Msion Fmills Interim
        319 words
      • 110 18 LAST FULL YEAR Comport y Period Dote Yeor Net EPS Grots Net announced •nding (cents) div profit lo«t yeor ($000) Duto Conj final Aug 28 Dec 86 4 8481 Grand Utd Hldgj Final Jun 30 Jun 87 19.1941 Supreme Corpn Final Jon 30 Jun 87 28 1671 Int
        110 words
      • 480 18 FT THE NEW president of the Tokyo Stock Exchange appears to have a more positive attitude to accepting new foreign members than his predecessor. Mr Minoru Nagaoka. who became TSE president last month, said in an interview last week that the
        FT  -  480 words
      • 1239 18 r l L j -I Hongkong y DBS Investment Research WITH THE big players out of town, trading in the Hongkong market last week was adversely affected by pre-holiday doldrums. Turnover on most days fell short of the HK$5OO million mark as there
        DBS Investment Research  -  1,239 words
      • 252 18 AFP BARGAIN-HUNTING, a rally on Wall Street and a jump in metal prices helped the Australian share market finish strongly last week ahead of its Christmas closure. Brokers said the previous week's 17.7-point slump meant there were bargains to be had. particularly among blue chip
        AFP  -  252 words
      • 234 18 AFP LOCKHEED Corporation has announced that Texas-based industrial conglomerate Valhi Inc has sought the US government's authorisation to increase its owner- ship in the aerospace firm. In a statement last week, Lockheed also said its board of directors had adopted a plan "to heighten
        AFP  -  234 words
      • 640 18 BONDS, LOANS WARRANTS Compeny EMpkyl Coupon Conversion period Interest Conversion term lor one ordinary maturity data (%> payable share CK Tana Wm *****990 Anytime to May 31. 1990 1 warrant plus $2 25 cash Choon Hop Wrti 1991 Anytime on or after Mar 1987 1.6 warrants plus $1 60 cash
        640 words
    • WORLD MARKETS
      • 775 19 New York Reuter WALL STREET stock prices closed modestly higher in thin pre-holiday trading on Friday. Volume was the second, lightest so far this year. Traders said interest in takeover and other special situations bolstered the market, but other than that, activity was restrained. "It was
        Reuter  -  775 words
      • 986 19 London Reuter LONDON SHARES closed firm on Friday in sluggish pre-holiday trading buoyed by much as expected UK balance of payments data for November, dealers said. Trading was quiet, with a total of 211.4 million leading shares changing hands by 1300 GMT. The FTSE 100
        Reuter  -  986 words
      • 90 19 Reuter THAI STOCKS yesterday rallied strongly in heavy trading on a broad front as the market gained confidence from Friday's sharp surge, brokers said. The Securities Exchange of Thailand Index rose 7.73 points to close at 381.71. Gains led losses 104 to three. Charoong Thai, Thai Farmers
        Reuter  -  90 words
      • 91 19 Reuter MANILA share prices firmed on a buoyant mood yesterday, reversing last week s preChristmas slack as investors positioned for a strong market at the start of the new year. The Manila Stock Exchange composite index rose 13.02 to 811.86. "It was a busy day. Oils moved
        Reuter  -  91 words
      • 823 19 Amsterdam DEC 23 FU ABN A agon Ahold Akzo 427 91 5 876 152 7 0.1 -02 -02 Alranta 156 6 -02 AMEV AMRO Am Stad 546 805 149 0 0.1 0 2 -05 Barkal BOLS 143 0 -04 Boraumy 11S2 Buahrman Taitaroda 57 1 Calva CSM 832 Elaaviaf 618
        823 words
      • 289 19 AP SPECULATION has grown that the historic plea deal sparing Drexel Burnham Lambert Inc from a wideranging indictment excludes insider trading charges and omits names of at least some individual lawbreakers. Sources, speaking on condition they not be identified, said the pact was
        AP  -  289 words
      • 260 19 Tokyo Reuter GAINS IN THE financial sector, heavily weighted in the Nikkei index, helped push the closely watched Tokyo stock average higher yesterday, but the market mood remained dull ahead of the year-end holiday, brokers said. The Nikkei Index gained 181.65 points, or 0.61 per cent, to
        Reuter  -  260 words
      • 599 19 UPI PACED BY some historic megadeals that thrust corporate takeovers into the wary public eye. merger and acquisition activity in 1968 was expected to top the previous record of US$2O6 billion set in 1986. The year's most spectacular deal a bidding frenzy for food and
        UPI  -  599 words
      • 310 19 FT THERE ARE TWO WAYS of looking at the deal between GEC and the Compagnie Generate d'ElecTricite of France (CGE) which merges their power station, rail and industrial automation equipment interests. On the one hand, the product and marketing spread of the
        FT  -  310 words
    • 219 20 Reuter THE PEOPLE'S DAILY commemorated the 95th birthday of Mao Zedong yesterday by publishing for the first time confessions, by him, of failure. The party newspaper printed a conversation in 1961 between Mao and the British war hero Field-Marshal Bernard Montgomery, who asked Mao
      Reuter  -  219 words
    • 355 20 AP THE CHINESE PEOPLE must be prepared for two or three hard years while the government imposes austerity measures to battle serious economic problems, the Communist Party's official newspaper said Monday. The masses must tighten their belts as the nation
      AP  -  355 words
    • 531 20 Many depressed by tragedies Reuter SHAKEN BY a series of disasters and a revolt in the Holy Land, the Christian world sombrely celebrated its most important annual festival on Sunday. Among Christmas messages of peace, the faithful offered prayers for the dead and bereaved in
      Reuter  -  531 words
    • 365 20 AFP THE PHILIPPINES and Sri Lanka marked the festive season with temporary truces on Sunday as Christians across Asia celebrated Christmas. Filipinos enjoyed one of their most peaceful Christmases in years as security forces and communist guerillas each declared a temporary stop to a
      AFP  -  365 words
    • LATE FILE
      • 64 20 UPI SOUTH KOREAN Opposition leader Kim Dae-jung said yesterday that he did not want criminal punishment of Mr Chun Doo-hwan in connection with the 1980 civil uprising in Kwangju city now that the former President had apologised for his past wrongdoings. Mr Kim said that "public
        UPI  -  64 words
      • 74 20 Reuter THE COMMUNISt PARTY daily Pravda said yesterday that a Soviet "mafia" had fomented recent unrest in the south of the country to protect privileges it said were threatened by Kremlin leader Mikhail Gorbachev s reforms. Pravda said that investigators had been on the verge of
        Reuter  -  74 words
      • 36 20 AP VIETNAM hopes to increase its gross national product next year by 7.6 per cent and other economic yardsticks by equally impressive amounts, the Communist Party newspaper Nhan Dan said yesterday. AP
        AP  -  36 words
      • 66 20 AP MALAYSIA expressed hope yesterday that Moscow would abide by the Geneva accords and withdraw its troops completely from Afghanistan by February 15. In s statement to mark the ninth anniversary of the Soviet invasion of Afghanistan, acting Foreign Minister Tengku Ahmad Rithaudeen said that
        AP  -  66 words
      • 65 20 AFP HOST Pakistan opened a meeting of foreign secretaries of seven South Asian nations in Islamabad yesterday with a call for more concrete objectives in regional cooperation. The officials from Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka had a heavy agenda to cover ahead
        AFP  -  65 words
    • 387 20 THE ECONOMIC Development Board is launching a major advertising programme overseas to sell Singapore as a strategic centre for global business. The three-month campaign covering Japan, the US and Europe follows EDB's successful Global Strategies Conference in October. The first advertisement appeared
      387 words
    • 200 20 Reuter ISRAELI Prime Minister Yitzhak Shamir will soon give details of a Middle East peace initiative based on the 1978 Camp David accords with Egypt, his chief spokesman Avi Pazner said on Monday Mr Pazner said: "It is not in the
      Reuter  -  200 words
  • Page 15 Advertisements
    • 87 15 Financial Newsmakers Featuring Lunch (12 noon 3pm) I M^2 Chicago Express Lunch: $11.90++ I' jfjjj 'L* 3- c« »urse Set Lunch ft- iJTm J Ali-you-can-eat Salad Bar $6.00+ Candlelight 4-course Set Dinner I Priced From $18 $28 Evening Entertainment By i Lunch ana Dinner. Choice of 7 trays fo prepare
      87 words
  • Page 15 Miscellaneous
    • 38 15 o/crac/A/A? OA/TPS £<//v£r r/zcw fif/Z.CtArt&O us 4/\l>/£ /A/flnAr/&V//A$ £/W IrS£- A Met*/r/?/C/AS6>-6rVSS £0 /SS £AA/ AU- f*=R> LUJ, by Martell fii=T£'s <ZA<e, CS£T5 t &o>r//£T $*</£ r 4&vr///M 4 GOZ£W &vt<s/y?/A/r /?/e/<?/A/& &oa/4 &vu/ o>r ro s~\ ,cco» =(J
      38 words



  • Page 18 Advertisements
    • 509 18 NOTICES In the Matter of The Companies Act, Cap. 50 and ENG LEE CHAN LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Colombo Court #04-15, Singapore 0617 on Monday, the 26th day of December 1988 at 3 p.m.,
      509 words
    • 403 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SPEEDWAY MARINE ENTERPRISE PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of Speedway Marine Enterprise Pte Ltd held at 7500 A Beach Road #09-315, The Plaza, Singapore 0719 on 21st December 1988 the following
      403 words

  • Page 19 Advertisements
    • 751 19 Tokyo, Vienna, Zurich, Brueeels and Stockholm prices were not available LTCB The Long-Term Credit Bank of Japan, Ltd. Thousands of m Millions of Yen U.S. Dollars Statements of Income ms INCOME Interest on Loans and Discounts 796,260 819,741 Other 163.788 223,954 Interest and Dividends on Securities 224.095 236,687 Fees and
      751 words

  • Page 20 Advertisements
    • 390 20 Free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available 1. Shop tenants of the World Trade Centre have been asked to relocate by early next year. 2. Spotlight on Management: Executive perks for high-flyers 3. Whither the stock market?
      390 words
    • 15 20 China In drlva to fight inflation, PAGE 4 A slowing down of reforms, PAGE 10
      15 words
    • 110 20 Chablis appellation CMABIIS CONT»6L£€ Barton a Gdestikr Fmuiutm drttik Chablis r If youre buying" Barton (j Guestier wines will make your meal even more enjoyable at the restaurants of all these discerning establishments: Marina Mandarin. Mandarin Orchard. Sheraton Towers, Ming Court, York I lotel. Orchard 1 lotel, Shangri-La. Tanglin Club.
      110 words

  • SHIPPING TIMES
    • 444 21  -  By LINDA CHEE STRAITS DREDGING General Works and Chang Cheng Civil Engineering have won contracts to build container stacking yards at two separate locations in the Tanjong Pagar Terminal. These will add some 3,100 ground slots to the
      444 words
    • 160 21 AP THE SOVIET UNION and South Korea have agreed to open a direct sea link between the eastern Soviet port of Vladivostok and South Korea s southern port of Pusan, according to the Korean news agency. South Korean government officials
      AP  -  160 words
    • PORTSIDES
      • 122 21 Reuter THE EXPLOSION which wrecked the Piper Alpha oil platform in the North Sea killing 167 people was caused by a gas leak from a faulty valve, the British Department of Energy said in a final report on the country's worst offshore oil disaster. The
        Reuter  -  122 words
      • 108 21 AFP A SOUTH KOREAN FREIGHTER with 20 men aboard was feared shipwrecked in rough seas south of Okinawa. Press reports said on Sunday that Japan had reportedly dispatched planes and patrol ships to the area last Friday but found no trace of the missing freighter,
        AFP  -  108 words
      • 55 21 Reuter CHINA MERCHANTS STEAM NAVIGATION Co Ltd. Hongkong representative of China's Transport Ministry. has signed a US$lOO million syndicated loan Loan arranger China Development Finance Co Ltd said the five-year loan carries interest of percentage point over the London interbank offered rate The funds will be
        Reuter  -  55 words
    • 270 22 Lloyd's List CARIBBEAN COUNTRIES are making renewed efforts to cooperate in shipping matters after decades of internal competition which allowed foreign shipping lines to monopolise most of the cargo business The four lines based in the region will examine ways of complementing one another's
      Lloyd's List  -  270 words
    • 268 22 UPI SOVIET OFFICIALS have sounded out the possibility of a joint-venture shipping operation with South Korea and also sought shipbuilding for the Soviet Union on a deferred payment basis, according to news reports last week. Government officials refused to confirm the reports They said they knew
      UPI  -  268 words
    • 97 22 Reuter THE SOVIET UNION has promised to end the plight of a West German freighter trapped for months in the BlacK Sea with a cargo of radioactive building rubble. According to the German Transport Ministry last week. Moscow said the Petersberg could use a
      Reuter  -  97 words
    • 776 22 AB SHpg V 5 ABC Container IX 1 Accord Shpg VI 3 Alltrans VII 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API Ml 2/3 Arrow Lines IX 5 ASCI III 1 Awards Shpg V 4 Bait-Canada line VII 4/5 Bait-Orient line VII
      776 words
    • 304 22 FT EUROPE'S troubled shipbuilders will suffer a cut in the level of state subsidies they are allowed to receive, following a European Commission ruling last week The Brussels authorities will reduce from Jan 1 the maximum amount of production assistance allowed under
      FT  -  304 words
    • 283 22 Reuter SOUTH KOREA'S biggest shipbuilder said last week that it was shutting down its strike-bound yard indefinitely to teach more than 20,000 workers "a lesson". Production at the shipyard. Hyundai Heavy Industries, has been at a standstill for more than 10 days because of a strike
      Reuter  -  283 words
    • 385 23 Tanker breakaway could stop production for months AP NORTH SEA oil production could be cut by up to 12 per cent for weeks or even months because of the huge oil-storage vessel that broke away from its mooring. The shutdown means
      AP  -  385 words
    • 208 23 AFP THE WORLD'S largest sailboat, designed to carry 2,500 square metres of computer-set sails and 450 passengers, was launched in Le Havre, France, last Friday for upscale Caribbean cruises. With an overall length of 187 metres, the La Fayette is the largest sailboat in
      AFP  -  208 words
    • 723 23 IN A dull demolition sector, the Salviceroy. tug of 560 light tons built 1972, was sold to a Pakistani breaker for about US$l76 per light ton. Vessels on offer: Agamemnon SB motor bulker of 40,525 dwt built 1976; Slderts motor bulker of 27.152 dwt built 1972; Arrow Point (ex
      723 words
    • 334 23 AFP TWO major Japanese shipping operators, Japan Line Ltd and YamashitaShinnihon Steamship Co, have signed an agreement to merge by June next year on equal terms. They said the new company, whose name has yet to be decided, will be capitalised at 19.6 billion
      AFP  -  334 words
    • 191 23 Reuter ALL BRAZILIAN PORTS were working normally last Friday after the end of a 10-day national strike. Arlindo Borges Pereira, president of the National Federation of Port Workers, said last Thursday that striking workers had agreed to a government pay offer and would return
      Reuter  -  191 words
    • 928 28 FURTHER timecharter business by Soviet operators has been reported to cover grain out of the US or South America, ship brokers said on Friday. No confirmation was obtainable but market talk suggests four or more Panamax grain vessels of 50,000 to 65,000 tonnes dw have been negotiated from
      928 words
    • 4918 28 AARHUS ***** He China Ocean Dec 28 LJ Bontang Diasagetn Dec 25/27 London Express Hapag Lloyd Dac 28 Ever Gleeful Evergreen Dec 29 Cardigan Bay HapagDoyd Dec 29 Ming Comfort Yang Ming Dec 31 Benaider Hapag Lloyd Dac 31 Ever Goods
      4,918 words
    • 1555 28 AT CONVENTIONAL WHARVES > Berth Arrival Departure KEPPEL WHARVES Blue Oceon 1 K3I alongside 26 12 1500 Owis isobe <36 alongside 26 *****0 fquo'o' K23 alongside 26 12 0700 Kris Meieio *25£ alongside 26 12 0600 I Petoling KI7 o'ongside 26 *****0 St O Tr.pu'0 CIS alongside
      1,555 words
  • Page 21 Advertisements
    • 767 21 V J TIMES STP Distributors Dedicated to Service jAROINE shipping agencies 200 Cantonment Road. #12-05 Soutnpom! Smgapora 0208 Tot *****11 Tete« RS ***** Facsimile *****09 TERMINAL/CFS T* *****18. *****19 *****20 FOR CUSTOMER SERVICE INQUIRIES AM) BOOKINGS Tal *****30/S PfSAKA JARDINE IHIPPING AGENCIES SON »H0 PORT KELAN6 TO: *****18 Tala> MA
      767 words
    • 87 21 Sm Page II mm CARIBBEAN COUNTRIES ore making renewed efforts to cooperate in shipping matters after decades of internal competition which allowed foreign shipping lines to monopolise most of the cargo business. Page II NORTH SEA oil production could be cut by up to 1 2 per cent for weeks
      87 words
    • 208 21 Hi I OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****33 atl ccc4t<Mten& mm ana&* M >r %^v x v 8&&39g I'^'s §1 •»>& m 1 J\ ~r#k ;V** Jt^tM //•//J \fl-M£iT* £3£g*} J®t: rir
      208 words

  • Page 22 Advertisements
    • 611 22 a Hapag-Lloyd Wishing at( our„ k (Business Associates, 'Friends their famities a 'very Merry Christmas 111 Agents, Singapore *****00 Bookings *****08 CFS *****48 K. Lumpur *****25 P. Kelang *****18 CFS *****50 Penong *****7, *****2 /v TRANS VEfICX PACIFIC Transport SERVICE WEEKLY FULL CONTAINER SERVICE TO/FROM USA (CANADA) PUERTO CORTES (T/S.BUS)
      611 words
    • 19 22 Lines and services represented by Members of the Registry of Accredited [fif/jill f>] Shipping Agents. Singapore National Shipping Association
      19 words
    • 483 22 POLISH OCEAN LINES CONTAINERISED SERVICE (MEMBER OF EACON SERVICE) Agents Optorg Shipping Pte Ltd Singapore Tel 222VU 'P Kelang 368T001 2 Telei RS 21/bb PetJlmg Jayj 7%?W3 *****03 Fa« Penang WJ?4S 1 Alto accept ng containers to: Limattol Beirut Lattakia Alexandria and Mertir Finland Austria. Czechoslovakia and Vmml/VOYAGE J.C KMZENIOWSKI/2I
      483 words

  • Page 23 Advertisements
    • 1217 23 The Straits Steamship Group W* p&0 TOSk Containers CONTAINER SERVICE TO UK/CONTINENT Also Accepting Cargo For: HMtMTf to Cottnhtttn. Ajrhus. Gothanturt, Hm. Stockholm. IMtinki. Sonrtortairf to tottmrt. ImMm. 0»to, Bull. Zyrich Southampton to >11 UK dottmitiom. Oolfatl •nd OuMin [CONTAINERSHIP SERVICE FROM UK CONTINENT: C4Hhh Ho» Tokyo 4 1 Callini
      1,217 words
    • 559 23 TO MIRI We have 2 barges with capacity 1,200 Tons each ready to load cargoes to Miri. ETD approximately 29/30 th December. Very competitive rates. For more details: Please call Melinda *****30 or Rose *****49 EUROPE HI EE 131 0212 91.11 EE Ml IMt IS.IZ EE 102 VIA mi 27
      559 words

  • Page 24 Advertisements
    • 428 24 IHSINOSE M MARITIME PTE LTD I Sinfapore Loading for IRAN MAHALLATI PJlftt SLD BANDAR ABBAS TkyowT KYOWA LINE MOTHER VSI KYOWA HIBISCUS V.34 KYOWA VIOLET V 23 LOAD FOR: VILA. NMA. LTK, SUVA. PAGO. APIA VILA. NMA. LTK. SUVA. PAGO. APIA GUAM/BAIPAN SERVICE OCEANIA EXPRESS V-24 OCEANIA EXPRESS V-25 OCEANIA
      428 words
    • 786 24 HANJIN SHIPPING CO., LTD. FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ KOREAN CHANCE 40W NUMBER BR I DCt IW CNOYANC SUCCESS 1* HANJIN ROTTERDAM 1* 31/1 27)1 TO FAR EAST PORTS A Member of the Act Consortium I ORIENTAL CHIEF UE 2V TRANSWORLO BRIDGE 4SE 28 NEPTUNE RUBY IE 4I
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    • 84 24 INDIA STEAMSHIP FORTNIGHTLY EXPRESS CONTAINER SERVICE TO INDIA SRI LANKA SIN HAL CM. CBO I. COURIER V3M SU SM WU WW 31/12 OM W Stifcfoct to Agents- SHARIKAT TRANS-ORIENT SON. BHD. SINGAPORE *****10, *****56 PORT KELANG: *****94/5 K LIN LIN SHIPPING PTE. LTD. 1. M*|izinc Road «0S 01 Central Buildinf
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    • 648 24 EVERGREEN Full Contjiner Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SGP HKG KSG ever coiDtN m iw iun inn iw an m EVER CLOSE Uffi lW 1M! Ml :;«l 27«1 301 EVER GENIUS iM Ml »n MI Ml UC EVER GIANT 27«1 iUO NIC OR 1W U| EVER GENTRY 03/02 ***** W
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  • Page 25 Advertisements
    • 1031 25 vo PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE VESSEL SEA HAWK MAJAPAHIT SEA HAWK SEA HAWK SEA HAWK VESSEL KOTA MAWAR KOTA MAWAR KOTA MAWAR OOWA KOTA MAWAR BANGKOK CONTAINER SERVICE BELAWAN/STRAITS CONTAINER SERVICE
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    • 589 25 irm i BEN LINE 1 W CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT London EiprMi SID Cjrd.jwi by niu I'NAVfN ROAM MAV*{ I*l 1H 11/1 11/1 Hi M an 13/1 an m an m w w tn in UI2 15/2 u ua EXPRESS CONTAINER SERVICE FROM UK/CONTINENT NAM B HAVEN DAM
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    • 614 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSI/VOY SRIWIJAYA/25W8 PALEMBANG/11WB KUTAI/16WB ANTWERP H'BURG/ ROAM/ADAM BREMEN Suto|ect to Inducement. Also accepting cargo to CtuWinct, Port Said, Port Ateiamlrta, Genoa. Trieste. ALSO ACCEPTING BOTH
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    • 421 25 BOUSTEAD SHIPPING AGENCIES 1* PAGAN VI34W Dec 1 LASH 10 HTONEYWA V 242» 10 12 Jin PA-AN Vim J" BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon pore P.Kelang Penang Bangkok Spore 30 Dec/1 Jan 3/4 Jan BANK LINE SEMI-CONTAINER SFRVIPF hFSvy lift CAPaßhity NORTHBOUND TO UKC
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  • Page 26 Advertisements
    • 800 26 Klin* KAWASAKI KISEN KAISHA, LTD. RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH N. AMERICA-ATLANTIC COAST •PK/PNG SGP RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH FEEDER VESSEL RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH N. AMERICA PACIFIC SOUTH-WEST MOTHER VESSEL HENRY H BRIDGE MACKINAC BRIDGE BROOKLYN BRIDGE GEORGE
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    • 253 26 osnngmEma Accepting LCL and containerised cargo** Direct to South Africa Accepting Containers Only NEDUOYD COLOMBO 6S3SF OSAKA MARU 5943F HAYAKAWA MARU 7042F S pore 11/1 4/ P EliZ C Town Durban HAYAKAWA MARU K4IC 13/12 15/12 18(12 V'«C°MmC 11/12 13/12 21/12 VAAL 6739G 2S/12 29/12 1/1 x\||#/ JARDINE SHIPPING AGENCIES
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    • 735 26 ifOJ .7 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* KALIDAS V 40 TULSIOAS V 39 KALI DAS V 41 TULSIOAS V P Ktlang Vjnj Loading tor B» Ftadtr By Fttdtr Dac S Dk Fram IMb Sftfn Add 25 Jan ?S jan Fram IMb Sydn AM 27 Feb 21 F«b F'em
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    • 574 26 OGGOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23. Trtok A»#r StrMt SINGAPORE 0104 TEL U43M (10 HUES) Fn *****4 STRAITS/PERSIAN GULF SERVICE: Spore GOLDEN BEAK Cotanbo Karachi Out* M Jan GOLDEN HARVEST Cotombo Kjradu'Oubti Berlin IS/li Jan CHINA SERVICE A VESSEL Huancpu Shwfftii l/lt Jan P Keiang Penanf CHINA OCEAN
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    • 279 26 M PHIU ORICNT LINGS PT€ LTD I H£AD OFF ICE 63 ROBINSON ROAD *0? 12 afro as:* building Singapore 01C6 TEL£ R S ***** PHIII FAX *****76 EAIT/FAi EAST FCI A LCL SERVICE JEDDAH (LCI) WEEKLY AQABA HODEIOAH BP fv.'.': ;'»:y M-'ll C222E222j881Mi afu. t/i. 3/1 J ./T,*, 1 EAST/WEST
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  • Page 27 Advertisements
    • 680 27 NEPTUNE AGENCIES PTE LTD FE EU AUST TPA/SEA NEPTUNE ORIENT LINES LTD General Enquiries: Tel: 27M977 Terminal CFS BOOKINGS *****22 *****53 NEPLINE SON BHD 3HW7 NEPLINE SON BHD *****J3 NEPLINE SDN BHD iXB&IWmiUMIMnu NEPLINE SDN BHD *****0/*****1 *****5J 2WV 2WII *****11 *****11 *****41 INWARD OUTWARD ENQUIRIES *****44 FAR EAST/EUROPE FULLY
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    • 78 27 3EI JE CONTAINER LINE, INC spore AGENT: JE CONTAINER LINE (S) PTE LTD TEL: *****59 (20 LINES) FAX: *****63 P/CLGAGENT JE CONTAINER LINE (M) SDN BHD TEL: (03) *****00/1 (8 LINES) WAREHOUSING TRANSPORTATION LCL Acceptance Weekly consol at our CFS to Far East: Bangkok, Hongkong. Keelung, Kaoshiung, Manila Australia: Sydney,
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    • 450 27 DONA* HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG, KEELUNG. BUSAN. INCHON STRAITS/KOREA SERVICE Vessel Name ETD BS S PORE PKLC KEE BUSAN MOJI •DRAGNET D4N 14/12 3-21/12 *2%1U 04 0(5)1 10 10/01 11/01 •NO DON All 11 IN 22-24/12 03-06/01 10-11/01 11-19/01 22 24/01 22/01
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    • 705 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANG f. KEIANC MESSRS MAI THONG SHIPPING 127 Penanf Street. Penanj. Malaysia M/S HANDLING SYSTEM CO SON
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  • Page 28 Advertisements
    • 247 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (34 Urns) FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD r DSR-LINES 1 VEB DEUTFRACHT SEEREEDEREI ROSTOCK < INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE -Vl* LARNACA ACCEPTING CARGO FOR
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    • 86 28 WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL TSKLINE OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MV. SOVEREIGN ACCORD Vl7 ETA SIN S/1/S9 I KAOHSIUNG 4 DAYS KEELUNG 5 DAYS [S PORE I 1 TOKYO 6 DAYS I SHIMIZU 9 DAYS NAGOYA 10 DAYS KOBE 11 DAYS TSKLINE AGENCIES (S) PTE
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  • Page 28 Miscellaneous
    • 160 28 Regional Weather 01 R i i 5$ a sBS w ATVi A V PK SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO AJM. Dm 27. ItM R Thunderstorm c A\ 1 <s^ H>w#r Weather -V Wind dree ton «nth vpeed r> knots V£U*, Wov Wtoce o'« «d<cot*4 by »"*wi wk«k Hy
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  • Page 29 Advertisements
    • 551 29 CSP SHIPPING AGENCIES PTE. LTD. f (FULLY CONVENTIONAL) VESSEL ETA SIN TBN 25.12.88 CHITTAGONG CALCUTTA/KAOSHIUNG Special TWIN 25 TOW HEAVYLIFT TEL: *****66 (16 Lines) Tlx: ***** CSPFRT Fax: *****61 SIM SWEE JOO SHIPPING SDN. BHD. L EXPRESS TO BINTULU SWEE LONG SATU P. Kelang Loading for Voy 148 2/1 Bintulu.
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    • 968 29 P. Tatsumi Marine DIRECT SAILING TO PAPUA NEW GUINEA (ACCEPTING BREAKBULK) I Direct call to other ports subject to inducement (also accepting transhipment cargo OROBA Y MADANG KIETA WEWAK KIMBE RABUAL via LAE) CCNI COMPANIA CHILENA DE NAVECACION rNTEROCEANICA SA (CHILEAN NATIONAL LINE) GREAT ANDES SERVICE ARI IQUIQUE VALPARAISO STO
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  • Page 30 Advertisements
    • 308 30 Iff Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines,. TLX MS ***** RS ***** IML INTERMARITIME MitsoiOaK.Liaes.Ltd. (FOREST PRODUCTS SERVICE) RIMBA BALAU VFPSII ATLANTIC ANGEL VFPSI2 6/1 KK SP PK Sid 10/1 LOADING FOR: ANT/BRE ANT/ROT GENERAL AGENTS HAI SUN HUP CO (PTE) UD TEL *****06 SUB AGENTS:
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    • 421 30 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG-SUD) Y EXPRESS SERVICE TO msm AYBANK V6S COLUMBUS NIUGINI V3S JOINT SER ort Moresby. Lae, Rabaul. Kimbe oft Moresby, Lae. Rabaul. Orobay Accepting LCL cargo for main ports discharge and also to Wewak, Kavieng. Alotau, Kieta, Honiara via Transhipment. Port Kelang's Agent:
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    • 312 30 ;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 I THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****77 VSL PUL ADIL MANDIRI PUL ADIL MANDIRI
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    • 629 30 '■s JSt ufflu, 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 FEEDER I.MiiT'» T riM!M Slj.MK'-MiTi'l ni.n SINGAPORE LEHARVE permai JUTLANDIA a BUTAUG 513 OTHER DESTINATIONS AARHUS AMSTERDAM.
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