The Business Times, 5 January 1989

Microfilm: NL16449
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 THURSDAY, JANUARY 5, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    256 1 Footsie up SHARE prices on the London Stock Exchange were higher at midday yesterday on selective buying interest, although off their best levels. The Financial Times-Stock Exchange 100-share index was up 6.8 points, or 0.4 per cent, at 1,789.6 shortly after 1200 GMT. That was below its
    256 words
  • Article, Illustration
    Tokyo bucks regional dull trend
    136 1 THE Tokyo market started the new year yesterday with a big bang by surging 84.66 points to a record close at 30,243.66 on the Nikkei Average. But the Singapore and Sydney markets closed lower in dull trading. In Singapore, the Straits Times Industrial Index shed
    136 words
  • Article
    KL intervenes to support ringgit
    130 1 MALAYSIA'S central bank intervened heavily in the local foreign exchange market yesterday to prop up the ringgit, dealers said. Bank Negara might have sold around US$5O million in favour of the local unit, they said. Opening at M 52.7100 to the US dollar, the ringgit
    130 words
  • Article
    Ad firms survey
    69 1 THE ANNUAL BT survey of the biggest advertising firms in Singapore is available today, with some surprising results, and a new local entrant to the Top 10 league. In AdvmrtMng and Marketing today, we also feature new plans by F J Benjamin, a new approach by the
    69 words
  • Article
    Asian NICs to meet industrialised group
    270 1  -  By LOH HUI YIN NEWLY-INDUSTRIALISING countries in Asia wilt each send a team of five to six representatives from the government, private sector and academia to attend the first meeting with the industrialised countries on Jan 24 and 25. In Singapore, the ministries of
    270 words
  • Article, Illustration
    Hong Leong group plans two hotel projects
    635 1  -  Hotels will add 1,400 rooms to the market By LIM SOON NEO RIDING ON the tourism boom, the Hong Leong group plans to start two hotel projects with a total of 1,400 rooms. The projects are an 800-room hotel at the former Raffles
    635 words
  • Article
    Lock icon Mahathir to discuss peace plan with aides
    203 1 AFP MALAYSIAN Prime Minister Mahathir Mohamad has summoned top aides to a meeting next week to discuss a peace plan to mend Malaysia's Malay majority split by political infighting, sources in New Umno said yesterday. The talks will focus on a six-point formula
    AFP  -  203 words
  • Article
    Lock icon Jakarta plans to sell Natuna gas to Singapore
    133 1 Bernama INDONESIA plans to exploit and export natural gas from the Natuna islands in the South China Sea direct to Singapore and a few other countries in the near future, Indonesia's Minister of Mines and Energy said yesterday. Discussions between Indonesian and
    Bernama  -  133 words
  • Article
    Lock icon Libyan fighters downed by US Navy missiles
    213 1 Reuter AP US NAVY fighter jets shot down two Libyan MiG-23 fighters with missiles over the Mediterranean yesterday after the Libyan planes threatened the American aircraft, the White House said. The Libyan Foreign Ministry said, however, that US planes had "carried out a
    Reuter; AP  -  213 words
  • Article
    Top 100 companies: five more join Billion-Dollar Club
    424 1 THE STRONG RECOVERY of the Singapore stock market last year from the October 1967 crash has boosted the membership of the exclusive Billion-Dollar Club. BT's latest ranking of the top 100 compsnies listed on the Stock Exchsnge of Singapore based on market
    424 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      120 1 Cassette Receiver D Series FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone. *****22 Kuala Lumpur: Phone; *****33 Panang: Phone; *****5/*****1 Jakarta: Phone. *****5 Full report, PAGE 16 il Regional mkte, PAQE 18 6, </ IU a l*rh, <*t w PiaceT LA i jtm Al *X rtß FT < .KNfVF
      120 words
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      Page 1 Advertisements Column 2
      235 1 On PAGE 10 Paying tribute to the NlCs* role Woes of a S Korean businessman Singapore's point of view Editorial Comment 10 Teaching dog-owners a few tricks One Man's View 10 Good times do not last Electronics Cautious outlook for the year Intraco 2 Joint venture to sell Soviet cars
      235 words
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      Page 1 Advertisements Column 3
      6 1 Mora Malaysian atortaa on Back Paga
      6 words
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      Page 1 Advertisements Column 4
      165 1 Rodenstoch Quality before your eyes 8M PAGE 14 Wm-J* •y• SPIPPP*3 (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. You
      165 words
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  • HOME NEWS
    • Article
      Electronics sector cautious about outlook for the year
      516 2  -  By ANNA TEO HIGH CAUTION is the mood in the electronics industry as companies brace themselves for what has been described as a critical first quarter. The more pessimistic of electronics companies have even got contingency slash-cost plans in place. The more
      516 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      352 2 DENNIS M HOUSTON has been made managing director of Esso Singapore Re Ltd. Prior to this appointment, he worked in various technical and managerial positions in the Exxon Company to which Esso belongs. Mr Houston is a graduate in chemical engineering from the University of Illinois, USA.
      352 words
    • Article
      Local marine industry on recovery trail
      403 2  -  By LEE HAN SHIH SINGAPORE'S marine industry, which boasts the cheapest shiprepair rates in the world, is expected to have increased its turnover from $1.1 billion in 1987 to $1.4 billion last year. This was an indication that "the industry's growth is gaining momentum
      403 words
    • Article
      Swedish tie-up for local computer house
      420 2 LOCAL computer company Logicraft Products Manufacturing chose Sweden for its first European joint venture because of its partner, Swedish company Zampo Data. Logicraft's managing director, Steven Chai, said that although labour costs were high in Sweden, the company was confident of getting good support
      420 words
    • Article
      New scheme for IT professionals
      96 2 COMPUTER professionals will get a chance to lecture on and discuss industry trends with other professionals under a new attachment scheme of the Institute of Systems Science (ISS). The scheme will allow information technology (IT) people to interact with the professional staff of the ISS
      96 words
    • Article
      Intraco involved in joint venture to sell Soviet cars in Singapore
      597 2  -  By AMY BALAN SOVIET-MADE cars, after a long absence from Singapore roads, are about to give the South Koreans a run for their Ponies. In an announcement yesterday, government-backed Intraco Ltd said it had teamed up with Togliatti Cars
      597 words
    • Article
      MEMO PAP
      576 2 Seminars and Wm LTTEIIITd I ;fl i > i M U GROUP Courses J Tel *****13 Tlx: RS ***** CEGSP Fa* *****66 Dot* Event Venue Organiser Phone no Jon 4-11 Analysis of Corporate SIM Monogement Singapore '89 Financing Policy (NYU) House Institute of Monogement Jon 9 and Introducing
      576 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      287 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day 1 r Your path to more business isir® at Inlernepcon/Semiconductor International Malaysia '89 25-28 July 1989 Kuala Lumpur, Malaysia An electronics industry expanding by 12 4% a year is now yours to tap at a proven industry forum Internepcon/Semiconductor International
      287 words
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  • ADVERTISING & MARKETING
    • Article
      Ad industry enjoys robust growth
      721 3  -  By GENEVIEVE CUA, JOHN TAN ROBUST GROWTH would probably be the most apt description of the advertising industry's performance in 1988, with major international agencies posting gains of 8 to 37 per cent. Advertising chiefs contacted by BT look back on 1988 with a sigh
      721 words
    • Article
      TV ad to recruit teachers deals with peer pressure
      270 3 A TELEVISION commercial to persuade more people to become teachers has set out to tackle the problem of peer pressure which, according to surveys, is a major obstacle to recruitment. The 30-second commercial which made its debut last night will act
      270 words
    • Article, Illustration
      F J Benjamin sets up new company to market luxury home furnishing
      483 3  -  .uyjj By JOHN TAN LUXURY GOODS trader F J Benjamin Sons has set up a new company to increase its presence in the designer home furnishing market. Set up on Dec 8, the subsidiary Benmark will begin operations
      483 words
    • Article, Illustration
      Mitsubishi wins W German car of the year award
      153 3 MITSUBISHI Motors' Colt Lancer has clinched the 1988 Golden Steering Wheel Award for Class 1. Dubbed West Germany's equivalent to the Car of the Year Award, the Golden Steering Wheel Award was given to the Colt Lancer because of its "unique
      153 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      152 3 Introducing ISDN. Now all lines lead to one. The start of a new era of digital communications has arrived in Singapore, with the introduction of an advanced network called ISDN (Integrated Services Digital Network). ISDN is an end-to-end digital network that uses the latest telecommunication technology to support a wide
      152 words
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  • ASIA-PACIFIC
    • Article
      Japan secures half of global chips market
      508 4 JAPAN has captured half of the worldwide semiconductor industry, and is poised to lead the world in the commercial application of superconductivity. One of two separate reports emerging from the US recently showed Japanese companies raised their share of the global semiconductor market
      508 words
    • Article, Illustration
      Lock icon Manglapus against two-China policy
      186 4 AFP PHILIPPINE Foreign Affairs Secretary Raul Manglapus said his department disapproved of a congressional bill urging the Philippines to adopt a two-Chi-na policy recognising China and Taiwan. He said on Tuesday that there were other ways of establishing relations with Taiwan without officially recognising it. A
      AFP  -  186 words
    • Article, Illustration
      Lock icon Afghan rebel leaders to form governing council
      197 4 UPI AFGHAN REBEL leaders have decided to form a council of more than 400 people to govern Afghanistan following the Soviet withdrawal and until elections can be held, the new head of the guerilla Alliance said. Professor Sibghatullah Mojadidi, who on Sunday assumed
      UPI  -  197 words
    • Article
      Lock icon Support for cross recognition of two Koreas
      213 4 AFP AN INFLUENTIAL Soviet commentator has reaffirmed his support for "cross recognition" of the two Koreas by the international community, despite objections from Soviet ally Pyongyang. But Aleksandr Bovin, in an interview published on Tuesday with the Japanese newspaper Mainichi, added it would
      AFP  -  213 words
    • Article, Illustration
      Lock icon Bleak outlook ahead for textile industry
      351 4 FT THE WORLD textile industry, except for South Korea and Taiwan, experienced difficult trading conditions in the third quarter of 1988, the latest data from the International Textile Manufacturers Federation (ITMF) in Zurich suggests. The industry begins the new year against a bleak background
      FT  -  351 words
    • Article
      Lock icon US attack on Libyan chemical weapons plant not ruled out
      389 4 Reuter DEFENCE officials in Washington said the 13 US warships headed for the Mediterranean were on routine deployment, but they refused to rule out any attack against an alleged chemical weapons plant in Libya. "I am not going to speculate
      Reuter  -  389 words
    • Article, Illustration
      Lock icon Walters accuses non-aligned countries of 'spite and envy'
      310 4 FT NON-ALIGNED countries have been accused of "spite and envy" by General Vernon Walters, outgoing US Ambassador to the United Nations. He said on Tuesday that he had had more trouble in the world forum with the NonAligned Movement than with the
      FT  -  310 words
    • Article
      Lock icon KL, London to resume talks on arms deal
      120 4 AFP MALAYSIA and Britain will soon resume talks on a multi-billion dollar arms deal stalled by a dispute over air landing rights, top defence officials said in Kuala Lumpur yesterday. They said no date had been set for the negotiations which will
      AFP  -  120 words
    • Article
      Lock icon 'G'day mate' without the slap
      557 4 Reuter AUSTRALIANS have reached the conclusion that "G'day mate, how's it going?", followed by a hearty slap on the back, is no way to do business in Asia. The blunt greeting has in the past been an endearing formula for winning contracts in many parts
      Reuter  -  557 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      881 4 ARRIVALS Operator Sorvic* Local From rtomb«f tfcn* ACA AC888 0950 YYZ/LH8/80M su SQ103 0950 KUL CPX CX710 1000 CGK RAl OA 1X767 1010 LTN/8AH GA975 1035 CDG/AUH GU GA960 1100 CGK SIA SQ105 1105 KUL RftA 6(421 1130 IWN SU SO 201 1145 CGK GU GA940 1150
      881 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      135 4 A»«AC AVANT-GARDE Training Associates 111 North Bridge Road #07-28 Peninsula Plaza Singapore 0617. Tel: 338 7033/338 7034 presents FINANCE FOR NON-FINANCIAL MANAGERS January 26-27,1989 Hilton Hotel WHY YOU SHOULD ATTEND You can be a more effective manager if you can demand the right information from the financial people in your
      135 words
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      Page 4 Advertisements Column 2
      55 4 fI J|| Irl Yl person's choice, every I II 111 I Tuesday. Thursday. Saturdoy'and I Mm Ml I I M Sunday Leaving Changi Airport at J- A *->_>/_l_ JL 22 05 hours and arriving at Lester B. Pearson International Airport the following day Call your Travel Aqent or Air Canada
      55 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      107 5 There are only two ways to get a sneak preview of the new Nissan Cefiro before it arrives in April 1989. This is one of them. The other way (which is certainly a lot more sensible) is to visit the Nissan Display Centre It s where the breathtaking new 2.0
      107 words
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  • RST OF THE WORLD
    • Article
      Lock icon EC plans to impose higher duties on US products
      615 6 Trade dispute threatens to widen Agencies EUROPEAN OFFICIALS have put the finishing touches on a proposal to strike back at the United States in a trade dispute sparked by a ban on American meat treated with growth hormones. European Community (EC)
      Agencies  -  615 words
    • Article
      Lock icon Bonn trade surplus seen renewing tension
      355 6 Reuter WEST GERMANY reported its second biggest monthly trade surplus on record on Tuesday and economists said the US and others would be likely to renew charges it was doing too little to correct global imbalances. The Federal Statistics Office said the trade surplus
      Reuter  -  355 words
    • Article
      Lock icon Italy slips behind Britain in economic power
      263 6 Reuter ITALY, which a year ago triumphantly announced it had overtaken Britain as the world's fifth economic power, has slipped back into sixth place, according to the latest data from the National Statistics Institute (ISTAT). Italy's gross domestic product fell behind Britain's in
      Reuter  -  263 words
    • Article
      Lock icon Orders for planes reach record US$48b
      344 6 FT THE WEST's five big jet airline manufacturers have had their best year yet for new orders. Firm orders were placed for 1,047 aircraft, worth U5547.47 billion, compared with the previous record set in 1987 when 726 jets were ordered worth US$39 billion. Options
      FT  -  344 words
    • Article
      Lock icon Ireland in best financial health in 10 years: government
      225 6 FT THE REPUBLIC of Ireland is in better financial health than at any time in the past 10 years, according to the Department of Finance in Dublin. Returns for 1988 show the exchequer borrowing requirement (EBR) last year was 819 million
      FT  -  225 words
    • Article, Illustration
      Lock icon Dukakis says 'no' to fourth term
      401 6 UPI MASSACHUSETTS Governor Michael Dukakis, defeated in his bid for the US presidency, announced with a "certain sadness" on Tuesday that he would not seek a fourth term in 1990. "I've loved this office and I still do," Mr Dukakis, 55, said at a
      UPI  -  401 words
    • Article
      Lock icon Polish army to shed thousands of personnel in bid to cut spending
      253 6 FT POLAND'S armed forces are to shed "tens of thousands" of personnel in an effort to reduce defence spending and increase efficiency. General Florian Siwicki, the Polish Defence Minister, said on Tuesday. General Siwicki did not specify any
      FT  -  253 words
    • Article, Illustration
      Lock icon Izvestia begins to carry ads
      358 6 AP THE SOVIET NEWSPAPER Izvestia, which for decades thundered against capitalists in columns of small type, dressed up some of its pages with green on Tuesday and opened them for the first time to foreign advertisers. Two pages of ads from European and American companies
      AP  -  358 words
    • Article
      Lock icon Convicted hacker described as 'a great danger'
      298 6 AP A COMPUTER HACKER charged with infiltrating systems in the US and England was declared "a very, very great danger to the community" on Tuesday by a judge who renewed his imprisonment without bail. US District Judge Mariana R Pfaelzer made her ruling
      AP  -  298 words
    • Article
      Lock icon Reagan's budget likely to show spending of US$l0b a year
      345 6 NYT PRESIDENT Ronald Reagan's last budget is likely to show government spending of about US$lO billion a year to cope with the cost of salvaging hundreds of insolvent savings and loan institutions. according to White House officials. The US$lO billion
      NYT  -  345 words
    • Article
      Lock icon 5m small firms created: Reagan
      121 6 AFP PRESIDENT Ronald Reagan said that some five million small companies have been established in the United States during the eight years of his presidency. In a message to Congress on Tuesday, Mr Reagan said that in the first six months of 1968 alone some
      AFP  -  121 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      94 6 m "NEWAGE.. THINKING by LOUIS E.TICE UNLEASHING PERFORMANCE What Pacific Institute education provides is the knowledge the tools', so to speak to cut through soft factor' barriers and translate 'potential' into 'achievement'. POTENTIAL a I HABITS ATTITUDES BELIEFS EXPECTATIONS actually do REAL PERFORMANCE LEARNED SKILLS THE SOFT FACTORS BARRIERS TO
      94 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      36 6 Doonesbury H IHSAR YOU 1 I HEAR. YOU' BY GARRY TRUDEAU WHAT IS IT, IT* (UHATS UJRON6 WITH MOMMY'S UTTLB IT* m NICB/T. sweet it. OKAY, OKAY! uj£ll name HER IN THE MORNING' m m 3
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      44 6 B '""m Singapore Nassau Now DoM New York Nicosia Oslo Paris Porlh Rio 'Janolro Rom* San Fris'co Son Juan Santiago Sao Paulo Sooul e tj —l vtvCKTlOlnl Sydney Tolpol Tokyo Toronto Vancowor Vlonoa Warsaw WntKln-nlju. avungvon 06/03 Ram 01-02 Clowdy -1/-6 Cloudy -1-11 Sunny
      44 words
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  • COMMODITIES
    • Article
      KL Tin
      140 7 THE KLTM slipped all canta to M 519.89 a kg at Km close on light aalllng In quiet trading yaatarday. A high offering of 107 tonnaa waa noted at tha opanlng but lha gradual dadlna In prlca diacouragad minora and tumovar aattlad at Tuaaday'a laval of 60 tonnaa.
      140 words
    • Article
      Palm Oil
      385 7 MALAYSIAN CRUDE PALM OIL FUTURES closed easier on the KLCE yesterday in the absence of fresh overseas offtake. Dealers said reports of palm oil stocks having reached 950,000 tonnes at the end of last year had a bearish effect on the market. January shed M$13 to close at
      385 words
    • Article
      Lock icon Crude Oil and Products
      178 7 Telerate FUEL oil prices were little changed in light trade yesterday. Although the outlook for crude prices was firm, sentiment remained mixed for the fuel oil market. Potential buyers were reluctant to push their indications above the US$7O-US$7l per tonne fob Sing level. This was attributed
      Telerate  -  178 words
    • Article
      Soybean
      153 7 LATE speculator selling against light buyer interest pressured Chicago Board of Trade soybeans on Tuesday and they closed lower across the board. An early rally cleared out buyer interest, and the late selling met with little resistance. Some traders said buyers on Friday and early on Tuesday turned sellers
      153 words
    • Article
      Wheat
      154 7 LATE speculative selling erased early gains in Chicago Board of Trade wheat on Tuesday, and contracts closed mixed with spot March down 3/4 cent per bushel. Wheat rallied early to contract highs in nearby months on ideas China and the Soviet Union would soon seek more export enhancement wheat.
      154 words
    • Article
      Rubber
      233 7 SINGAPORE: Rubber pricea ended easier with February 1 RSS buyer quoted at 204.00 cents a kg yesterday. On the TSR-20 Award market, prices were alao lower in line with 1 RSS levels in thin trade. February buyer was quoted at 186.00 cents a kg, down five cents from Tuesday.
      233 words
    • Article
      RAS and MRELB
      285 7 RAS prices m s cmM!, fob m to* 1 NOON CLOSE Buyors Sailors Buyors So Mors Int 1 RSS Prompt 204JO 205.SON 202.50 2O3J0 Int 1 RSS Fob 89 206.00 207.00 204.00 205.00 Int 1 RSS Mor 207.50 208.50N 205.00 206.00 Int 2 RSS OP 199.00 201.00N
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    • Article
      SSR and SMR
      76 7 (canti/kg) FEBRUARY 1989 MARCH 1989 (current mocrth) (forwor d month) NOON NOON RAS Iwyart Saltan ky«n Saltan SSK 20 188.00 190.00 188.00 190.00 SSR 50 184.00 188.00 186.00 188.00 MRELB Suyart Saltan ky«n C.ll SMI cv 306.00 308.00N 308.00 310.00N SMI L 303.00 305.00N 305.00 307.00N SMI
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    • Article
      Produce Prices
      235 7 Chinese Produce Exchange Sollon' noon dosing prlc«j on Jon 4 (SS/100 kg) Coconut oil Bufli FOB 113.00 CHd drum FOB 123.00 N*w drum FOJ 127.00 Copra Mlx*d (Ioom) 66.00 ifUfri Pepper Muntok wMt* FOB NtW 715.00 Sarawak white FOB foq NLW 705.00 Sarawak «p«dol black FOB NLW 465.00
      235 words
    • Article
      London Markets
      281 7 London Commodity Exchange Buyor/Sollor dosing prices on ion 03, (£/tonrw unless specified). Previous closing prices In parenthesis. con— Basts ln-stor« London, soilon option OF London Jan 1 220/26 (1201/05) High/Low 1223/1199 Mar 1235/37 (1213/15) High/Low 1244/10 Sates (2711) Cocoa Mar 890/891 (889/890) High/Low 915/888 May 888/889 High/low (887/889)
      281 words
    • Article
      Patrick Hays to head RAS management committee
      197 7 PATRICK HAYS has replaced Ling Lee Hua as the new chairman of the Rubber Association of Singapore management committee for 1969-90. Mr Hays exchanged roles with Mr Ling Lee Hua, who will take over the former's previous post of first deputy chairman. Mr
      197 words
    • Article
      Lock icon 'Ivory Coast ties up French cocoa deal'
      403 7 FT THE IVORY COAST, the world s biggest cocoa producer, has completed its deal to take 400,000 tonnes of its surplus cocoa off the world market through a deal with a French trade house but details of financing and shipping remain unknown. "The
      FT  -  403 words
    • Article
      Lock icon Malaysia raises export duty on pepper
      143 7 Reuter THE EXPORT DUTY on ground and unground white pepper was raised to M 5556.54 and M 5446.03 a tonne from M 5209.81 and M 5159.81 from Jan 1. The export duty on black pepper was raised to M 570.25 a tonne from M
      Reuter  -  143 words
    • Article
      Precious Metals
      403 7 HONGKONG: Gold closed barely changed in moderate trading with some buying interest by local investors evident near the close yesterday. Dealers said the metal traded easier in the afternoon session, which was dominated by the US dollar's firmer tone and weaker silver prices. Bullion ended at US$4ll.lO/60 an
      403 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      67 7 BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, horse-racing, tennis, bowling, etc. And, of course, the all-round executive cannot afford to miss Sewy's golf date every Tuesday.
      67 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Barcelona hopes futures will boost flagging market
      466 8 Reuter BARCELONA is pinning its hopes on a new futures market to revive its flagging fortunes as a financial centre at a time when trading in stocks and shares is draining away to its traditional rival, Madrid. The government of Catalonia, the northeast
      Reuter  -  466 words
    • Article
      Forex markets
      1055 8 SINGAPORE: The US dollar traded in a range of D-mark 1.7745/ 1.7670, yen 124.37/ 123.80. sterling 1.8260/ 1.8168 and 551.9403/ 1.9378 yesterday, closing at its highs. The late spurt in New York on news of a US Navy battle group headed for the Mediterranean, neutralised the bearish sentiment
      1,055 words
    • Article
      Lock icon India to float domestic loans for 12b rupees
      174 8 Reuter THE INDIAN GOVERNMENT said it was launching three new loans worth 12 billion rupees to increase its domestic borrowings to plug a 74.84 billion rupee deficit anticipated in its budget for 1988/89. A government statement said all three loans are priced
      Reuter  -  174 words
    • Article
      Money markets
      62 8 THE OVERNIGHT rate on the Singapore money market rose 1/2 point to close at 5 per cent yesterday. Short-term rates rose by 1/16 point across the board. r S$ Interbank rates i at the close yesterday: OffB 140 Oo«rntgN 3 4 7/8 1 -monrtt 5 3/16 1/1* e
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    • Article
      Lock icon Fall in demand for C$ bonds expected
      348 8 Reuter A RECORD number of Eurobond issues in Canadian dollars were launched in 1988 but demand is forecast to slacken this year on expectations that the currency is nearing its peak, industry participants said. Canadian and foreign firms, seeking to take advantage of
      Reuter  -  348 words
    • Article
      Government securities market
      96 8 Treasury bills Period Issue Yesterday's dosing Day's code Maturity WD OFftR HKX LOW 3 rnmilta BQ*****S 06.04.89 3.83 3.78 3.90 3.78 1 year SY*****H 23.11.89 4.22 4.17 4.27 4.20 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code rate M0 OffW HIGH LOW 2
      96 words
    • Article
      Options
      959 8 CURRENCY FUTURES OPTIONS Wednesday, Jan 4, 1988 DEUTSCHE MARK (SIM EX) 11 1 1 SMI Jm MM 88 pite Lw SMI 54 1 "P 1 CAB M 97 97 92 2 2 2 57 308 32 58 2A 2 1118 115 59 18 1 2108 215 60 CAS 11
      959 words
    • Article
      IMM
      230 8 Most IMM foreign currency futures ended higher on Tuesday but near session lows after eroding on prof-it-taking throughout the day. Prices surged at the open in line with gains overseas as the year-end corporate demand for dollars that had weighed on values in recent weeks disappeared. Talk circulated that
      230 words
    • Article
      Comex gold/silver futures
      171 8 Gold futures on Jan 03, 1989 100 troy ounces: USS par troy ounca Opan Loar MM km 89 410.80 0.80 Fab 416.30 416.40 412.30 413-40 1.10 Mar 415.90 1.10 Apr 421.00 421.80 418.00 418-70 1.30 Jul 426.80 426.90 423.00 424.00 1-40 431.50 431-50 428-70 429 JO 1J0
      171 words
    • Article, Illustration
      World interest rates
      201 8 Indicate* the average of the prime lending ratee of 12 major banks In 3'pore Interbank market rates (offer/bid) on Jan 4 us$ DM SWFC Y«f» 7 da] r« 9 1/4 9 1/8 13 13 3/4 3 1/3 3/8 4 7/8 3/4 4 3/8 4 1/2 1 m*
      201 words
    • Article
      Asian dollar market
      205 8 ASIAN DOLLAR deposit rates ended higher in light trading yesterday mainly due to firmer US Federal funds rate and a decline in bond prices. us$ om MO 7 doy» 9 1/4 9 1/8 1 men* 9 1/4 9 1/6 2 MOfltfM 9 5/14 9 3/16 3 wemtn
      205 words
    • Article
      Lock icon Simex
      451 8 BA Futures MARCH Eurodollar futures yesterday opened seven ticks lower than the previous Simex close at 90.51 following a strong gain in the US National Association of Purchasing Management index which suggested continuation of a robust economic growth and rekindled talks of a US discount rate hike. Prices edged
      BA Futures  -  451 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      127 8 ANG TAI-CHI and MOVING MEDITATION 2 Group practising will be held at St Ignatius Hall on Tue Thur Bpm 9pm Commencing on 3rd January 1989 9 SPECIALLY PREPARED LESSONS Individual practising arrangements tor busy professionals will be held at Far East Shopping Centre Also available on Tai-ji A Qigong Video
      127 words
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  • BANKING AND FINANCE
    • Article
      Former EC envoy returns to head UOB treasury unit
      283 9 SINGAPORE'S former ambassador to Belgium and the European Community, Mr Francis Yeo Teng Yang, has rejoined the United Overseas Bank as one of its six executive vice-presidents. He resumed his old job as head of the treasury division. Mr Yeo, 47,
      283 words
    • Article
      Lock icon Hoare Govett closes down gilts market making operations
      212 9 AFP INTERNATIONAL merchant bank Security Pacific Hoare Govett (Holdings) Ltd ended its British gilt market-making operations yesterday, a spokesman for the company said. It also pulled out of selected international bonds and Japanese equity and warrant business. The move follows persistent rumours
      AFP  -  212 words
    • Article, Illustration
      Lock icon £ likely to retest DM3.24 level
      427 9 likely to retest DM3.24 level Reuter THE BRITISH POUND is likely to advance against the D-mark in January and retest December's highs around 3.24 marks as traders begin a new year of business, dealers and analysts say. High interest rates will help buoy sterling during an absence of UK economic
      Reuter  -  427 words
    • Article
      Lock icon Peseta expected to rise to new highs
      508 9 Reuter THE PESETA is expected to rise to new highs in the coming weeks, boosted by the Bank of Spain's pursuit of a tight money policy which is acting as a magnet for speculative inflows of capital, dealers said. Foreign exchange dealers said
      Reuter  -  508 words
    • Article
      Lock icon Dai-Ichi sells Chicago retail operations
      144 9 AFP DAI-ICHI KANGYO Bank Ltd has announced that it is selling its Chicago retail operations to First American Bank Corp. Dai-lchi, the world s largest bank with more than US$375 billion in assets worldwide, said on Tuesday it decided on the sale so that it
      AFP  -  144 words
    • Article
      Banks to go ahead with special maid packages
      248 9 DBS BANK and Hongkongßank will go ahead with their unsecured banker s guarantee cum insurance coverage packages for foreign maids. Spokesmen for the two banks told BT yesterday that this was because neither schemes were back-to-back arrangements with insurance companies. Under a
      248 words
    • Article
      Lock icon Swedish credit yields fall on news of easier exchange controls
      251 9 Reuter SWEDISH credit yields fell sharply after a financial newsletter reported it had obtained an internal memorandum from the government's Finance Department saying Sweden's foreign exchange regulations would be lifted in the first half of 1989, credit market dealers said.
      Reuter  -  251 words
    • Article, Illustration
      Another buoyant year for NTUC Income
      440 9  -  Total sales of $1.3b in new insurance policies By SOH TIANG KENG NTUC INCOME, the insurance cooperative, put up a sparkling performance last year by chalking up total sales of $1,293 billion in new insurance policies surpassing its target of $1.25 billion by $43
      440 words
    • Article, Illustration
      Lock icon No need for confrontation in debt problem: Aquino
      503 9 Reuter PRESIDENT CORAZON Aquino has warned against a confrontational approach to the Philippine foreign debt problem following Venezuela's suspension of principal debt payments. "It is important that we take advantage of developments that will expand the process of debt reduction without the
      Reuter  -  503 words
    • Article
      Lock icon Venezuela and Mexico to discuss Latin American debt, national cooperation
      283 9 Reuter VENEZUELAN President-elect Carlos Andres Perez left for Mexico on Tuesday for talks on Latin America's foreign debt and on cooperation between the region's two largest oil producers. Mr Perez, who takes office on Feb 2. is to meet Mexican
      Reuter  -  283 words
    • Article
      Lock icon Bank Islam braces itself for bigger challenges ahead
      588 9 Bernama AFTER FIVE years of operation as Malaysia's first commercial bank running on Islamic principles, Bank Islam Bhd is now set to fortify its position to face future challenges in the industry. The initial period was filled with trials and tribulations, and
      Bernama  -  588 words
    • Article
      Lock icon ADB lowers lending rate to 6.42 pc
      105 9 Reuter THE LENDING RATE on the Asian Development Bank's ordinary operations loans was reduced to 6.42 per cent a year from 6.53 per cent. The bank said in a statement the rate, the lowest since the start of the bank's operations in 1968,
      Reuter  -  105 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      69 9 INVESTMENT aa#* CKH BUILDING 50 Playfair Road (3rd to Bth Storeys) Features Total Strata floor a r ea 4,146 sq m (44,627 sq ft) Located at the heart of MacPherson Industrial Estate Easy access to CBD. airport Jurong Port via PIE For further information, Contact Sole Marketing Agent Richard Ellis
      69 words
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  • PERSPECTIVE
    • Article
      Teaching dog-owners a few tricks
      518 10 THE DOG WAS ONCE the most indispensable of all the domesticated animals on a farm. No other creature could match its intelligence, loy- alty and its desire to please its master. Throughout history, the dog has assisted Man in his hunt for food and the
      518 words
    • Article
      Paying tribute to the NICs' role
      996 10  -  The meeting in Paris later this month between the developing and the newly-industrialising countries will signal an acknowledgment of the latter's growing role in the international economy. LOH HUI YIN discusses the issues involved and, in the accompanying articles, summarises Singapore's point of view,
      996 words
    • Article, Illustration
      Woes of a South Korean businessman
      395 10 KOO CHA-KYUNG is a powerful businessman. He is chairman of the Lucky Goldstar group and head of the Federation of Korean Industries. His conglomerate's name can be seen on electrical appliances sold in Asia. Its latest exploits are in the Soviet Union, where the
      395 words
    • Article
      Singapore's point of view
      411 10 "SO THE ADVANTAGE of thorough discussions is that the differences between us (NICs) are highlighted; we are not just lumped together and treated as four tigers. "In fact, we are mild grasseating animals, like mousedeer for Singapore, maybe a deer for Taiwan, a reindeer for Korea...
      411 words
    • Article
      Good times do not last
      959 10  -  (jrasreffiW\ By SEAN CHIANG NEE THE PAST YEAR has been kind to moet Singaporeans. Take the case of Gerald and his wife. The two have just sold their condominium and are waiting to move into a new, larger flat. They have also bought a new
      959 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      413 10 ADVERTISEMENT More of 'Singapore' in Singapore Business SING -LLVf i Jr TO Wr E SPOTLIGHT ON WEARNES AND SPH Singapore Business regularly takes on in-depth look at companies listed on the Stock Exchange of Singapore. This month's spotlight focuses on Weame Brothers Ltd, a diversified, cash-rich group that can boast
      413 words
  • Page 10 Miscellaneous
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  • SPORTS
    • Article, Illustration
      Lock icon Ickx and Vatanen hold on to top spots
      443 11 MOTOR RALLY UPI NEITHER JACKY ICKX nor Ari Vatanen finished in the top five of Tuesday s 535-km stage of the Paris-Dakar rally, but the two Peugeot drivers kept their grip on the top placings in the event. Klaus Seppi in a
      UPI  -  443 words
    • Article
      Lock icon Change of luck for Foulds
      239 11 SNOOKER AFP NEAL FOULDS, the Londoner who tumbled down the snooker rankings last year, hinted that better times are around the corner by coasting into the fourth round of the £275,000 Mercantile Credit Classic in Blackpool, England, on Tuesday. The 25-year-old, who suffered a succession
      AFP  -  239 words
    • Article
      Lock icon Strange starts from scratch
      475 11 GOLF AP CURTIS STRANGE's first goal for 1989 is to put 1988 behind him. "The best thing I can do is to forget last year as soon as possible." the 1988 Player of the Year said on Tuesday after a practice round for the Tournament of
      AP  -  475 words
    • Article
      Lock icon Soviet twins closing in on Toshiba title
      235 11 YACHTING AP SOVIET TWINS Tyniste and Toomas Tynou, the 1988 Olympic 470 class yachting silver medalists, beat a Japanese yacht on Tuesday in the first race of a three-race series to decide the championship of the 1989 Toshiba International Yacht match races in
      AP  -  235 words
    • Article, Illustration
      Lock icon Schneider's proving too good to beat \
      613 11 Schneider's proving too good to beat SKIING AP NOT SINCE the days of LiseMarie Morerod and Hanni Wenzel has a woman so dominated World Cup slalom racing the way Switzerland's Vreni Schneider has. The women have competed in five gate races this season three slaloms, two giant slaloms and the
      AP  -  613 words
    • Article
      Lock icon Chicago coach hits out at vicious fouls
      139 11 AMERICAN FOOTBALL AP CHICAGO BEARS coach Mike Ditka said on Tuesday that he didn't think Minnesota defensive end Bubba Baker's late hit on quarterback Mike Tomczak was intentional, but he's getting tired of seeing such plays. Baker was fined US$lO,OOO on Monday by
      AP  -  139 words
    • Article
      Lock icon Honeyghan and Starling to settle score
      543 11 BOXING UPI LLOYD HONEYGHAN and Marlon Starling, who have been feuding with each other at other people's fights for over three years, will finally fight each other on Feb 4 in Las Vegas. Honeyghan will defend his World Boxing Council welterweight championship against Starling
      UPI  -  543 words
    • Article, Illustration
      Lock icon Knicks tie up close match with last-gasp winner
      504 11 BASKETBALL AP PATRICK EWING's 10-foot bank shot with 25 seconds left in overtime snapped a tie and led the New York Knicks to a 109-107 victory over the Boston Celtics in on Tuesday. The Knicks broke a threegame losing streak, their longest
      AP  -  504 words
    • Article
      Lock icon Mandlikova crashes out hardcourt tournament
      287 11 TENNIS AFP HANA MANOLIKOVA found the comeback trail rough going yesterday as she chalked up 18 double faults and bowed to unseeded Frenchwoman Catherine Tanvier in the Australian hardcourt tennis championships. Tite fifth-seeded Mandlikova, who was out for six months with an injury, exited from
      AFP  -  287 words
    • Article, Illustration
      Lock icon American Olympic heroes in indoor event
      415 11 ATHLETICS UPI FIVE OLYMPIC gold medallists, including double winners Carl Lewis and Jackie Joyner-Kersee, and more than 20 members of the US Olympic team are among the entries for the first Houston Chronicle Indoor Games. The meet, scheduled for Jan 28 at the Astroarena,
      UPI  -  415 words
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  • LEISURE
    • Article, Illustration
      Lock icon In celebration of the fabulous fakes
      762 12 JEWELLERY IHT THIS IS THE SEASON for baubles, bangles and beads those words express the tinsel glitter of women decked out for parties and other diversions. The frankly fake is variously described as "costume", "fashion" or "fantasy" jewellery. Fifty years ago, Life magazine christened
      IHT  -  762 words
    • Article, Illustration
      Lock icon Hollywood finds a difficult location in Japan
      669 13 MOVIES Reuter HOLLYWOOD CAME TO JAPAN, but found Japan wasn't quite ready for it. Paramount Pictures recently shot most of a gangster movie called Black Rain starring Michael Douglas in Osaka. Japan's second largest city. The film is being completed in the United
      Reuter  -  669 words
    • Article
      Lock icon Another fat hope?
      362 13 OBESITY NYT IN A MAJOR ADVANCE in the study of obesity, researchera have diacovered that abnormally-low levels of a protein produced by fat cells may be linked to the propenaity to gain weight. Unlike other substances made by fat cells, the protein adipsin is secreted directly into
      NYT  -  362 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      949 12 m si/Men Wh ere to entertain. ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE <» MAIN (XXRSES. PALM For between $26+ and $40+ you can select from our appetiser vjKILL buffet including seaftxxl, smoked salmon and oysters. Choose from many lavish
      949 words
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      Page 12 Advertisements Column 2
      188 12 r iif M o f in u' in 1 Be thrilled by the romantic sights, sounds and flavours of Rome, Florence, Milan... served up on our lavish buffet tables. Sample Lasagne Verdi, Spaghetti Alle Vongole, Torta Siciliana, Strawberries in Marsala Wine... mamma mia! There are over 60 Italian favourites at
      188 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      179 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® Ceniurv Park Sheraton
      179 words
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      Page 13 Advertisements Column 2
      34 13 PAR PASSION Lanson Black Label. Perfect for a party. Exquisite for the evening. Savour it with passion. rl J* CINfuZAtCTHU 1 champag: ami MAI SON fON DEB KM It Black Lavkl f REIMS FRANCE
      34 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      592 13 CRYPTIC PUZZLE ACROSS 1 Might he score 0, nominally? (6) 7 Radio communication reduced (8) 8 Smart guy's counterfeit note (4) 10 The daze in which you could read Proust? (6) 11 Hands up" time (6) 14 Alec's drink (3) 16 New lease an artist may want (5) 17 It
      592 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      1205 13 I/O £U3B0&O(K) jj*- At y "V i* o<//? CHOICE ANATOMY OF JAPAN: The Wellsprings of Economic Power Channel 12, Bpm The smell industries ere the true heroee of Jepen's industriel surge, decleree the first pert of this programme which takes its hat off to the "little" guys. The second pert
      1,205 words
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  • Article
    BT TOP 100 RANKING BY MARKET CAPITALISATION
    1774 14  -  Compiled by JULIANA TAY AA: Not ranked in Dec 1987. F: First year of listing. (a): listing and quotation of 109.19 m shares of 50 cents each issued as consideration for the acquisition of 9 93m ordinary shares of £1 each representing 7.4%
    1,774 words
  • Article, Illustration
    S'pore Airlines soars way above the rest
    935 14  -  Value of top 100 companies up 27pc to $70b By FOO CHOY PENG "SINGAPORE AIRLINES doesnt deserve to be second'' was how the airline's finance director described his company's annual report, recently voted the best for the second year running. That, too, is
    935 words
  • Article, Illustration
    Lock icon KLSE's top 100 companies valued 36pc higher at MsB4 billion
    921 14 MBT THE VALUE of the top 100 companies listed on the Kuaia Lumpur Stock Exchange has risen appreciably in the past three years. In the latest ranking of the top 100 companies by Malaysian Business Times, these companies had a
    MBT; The KLSE  -  921 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Lock icon Fundamentals and rumours fuel interest in hotel sector
      683 15 wm HOCK LOCK SIEW THE HOTEL SECTOR, left for dead two years ago, is now showing signs of a strong revival. The current interest in hotel stocks is being fuelled by both a fundamental strengthening in the industry, and speculative fervour following
      HOCK LOCK SIEW  -  683 words
    • Article
      Market rife with talk of bid for Sim Lim Investments
      494 15  -  Counter bucks trend with high turnover By CORRINA LIM SIM LIM Investments Ltd (SLI), widely-speculated to be a takeover target, is continuing to attract strong punter interest in the stockmarket. In an easier market yester* day, the counter bucked the
      494 words
    • Article
      IGB sells stake in Aussie subsidiary for Ass.sm
      305 15 PROPERTY and construction group IGB Corporation Bhd has reaped proceeds of A 55.5 million from the sale of five million shares in its listed subsidiary in Australia. The sale of shares in Ipoh Garden (Auatralia) Ltd will reduce IGB's stake in the
      305 words
    • Article
      Keppel repair on tanker completed
      105 15 KEPPEL SHIPYARD, a major operating diviaion of Keppel Corporation, haa completed an $8.5 million repair job on an LPG (liquified petroleum gaa) tanker which was damaged by a missile. The entire engine room was overhauled and chemically cleaned and painted. The Havglimt a 38,534 dwt
      105 words
    • Article, Illustration
      Lock icon Nik Din to sell his 30 per cent stake in OSK & Partners
      516 15 Nik Din to sell his 30 per cent stake in OSK Partners Bernama NIK DIN bin Nik Yusoff, the newly appointed executive chairman of the Kuala Lumpur Stock Exchange, is negotiating with interested Malaysian parties to dispose of his 30 per cent stake in stockbroking firm OSK Partners Sdn Bhd.
      Bernama  -  516 words
    • Article
      Lock icon KLSE to set up its own radio station
      300 15 Bernama THE Kuala Lumpur Stock Exchange plans to set up a radio station to provide detailed broadcasts of economic news and reports, general manager Mohamed Salleh Abdul Majid, said yesterday. He said the KLSE had written to the information ministry seeking permission
      Bernama  -  300 words
    • Article
      Metal Con to announce 'significant transaction'
      405 15  -  By MAGDALENE NG METAL CONTAINERS Ltd has asked for a suspension in trading of its shares on the stock exchange pending announcement of a "significant transaction". As the stockmarket awaits the announcement, it is already rife with talks that connects the plastic and metal
      405 words
    • SES
      • Article, Illustration
        Turnover increases sharply with interest centred on lower liners
        800 16  -  by MICHELLE OH TRADING VOLUME on the local stock market picked up considerably yesterday with interest focused on selected second and third liners. Turnover almost doubled to 22.09 million shares worth $31.09 million from Tuesday's volume of 12.77 million shares worth
        800 words
      • Article
        COMPANY MEETINGS
        117 16 FABER MERLIN MALAYSIA BERHAD: 25th AGM at the International Hall, The Merlin Kuala Lumpur, Jalan Sultan Ismail, ***** Kuala Lumpur today at 11.00 am. CEREBOS Pacific Limited: 7th AGM at the Singapore Room, sth Floor, Hilton Hotel, 581 Orchard Road, Singapore 0923 on Friday, Jan 6, at noon.
        117 words
      • Article
        Unit trusts
        315 16 Managers' prices for Jon 5 Singapore Unit Trust The Commerce 0.96 1 OB The Savings Fund 086 090 S'pore Prog Fund 0.37 0.41 S'pore Sec Fund 0.63 068 S'pore Invest Fund 0.67 072 S pore Equity Fund 046 0 50* Asia Unit Trust Mol Invest Fund 1.43 153
        315 words
      • Article
        APPROVED ISSUES
        97 16 Company RIGHTS ISSUE General Corp Issue of .304,936 nominal omount of 8% Convertible Unsecured loan stocks ICUISI 1908/93 on the bow of |2 nominal oaount of loan stocks tor •very five GC8 shores of $1 eoch or $2 nominal omoonl of CUS 1908/93 for •very $750 nomnnol amount
        97 words
      • Article
        PROPOSED ISSUES
        307 16 Company RIGHTS ISSUE C 1 Holdings 27 mMion loon stocks in the ratio of $3 loon stock tor every ffve ordinary Causeway Inv shores held Issue of $7,252,937 nominal amount of 6% loon Stock 1989/94 on the basis of Si nominal omount oi loan stock wilt* two TSfc
        307 words
      • Article
        SES SHARE INFORMATION
        5610 16 1983/89 High Low Tel Cod* Company Last Sale JAN 04 OTVol (000) Day High Low Last Quota Buyer Sailer Gr's Dlv Olv C'vr Gr's rw V. Nat P/E M Cap Smll SESOAQ 187 120 170 60% 110 130 78% 199* 144 92 135 126 122 114 70
        5,610 words
    • KLSE
      • Article, Illustration
        Lock icon KL prices finish mixed
        3000 17 MBT THANKS TO buying interest in the afternoon, share prices on the Kuala Lumpur stock market recovered somewhat yesterday to close mixed in moderate trading. In contrast, prices opened barely steady with an easier bias and remained little changed in the first hour of trading. The
        MBT  -  3,000 words
    • REGIONAL MARKETS
      • Article, Illustration
        Lock icon Li Ka-shing's son allays Canadian fears
        328 18 Reuter THE SON of Hongkong magnate Li Ka-shing has personally moved to allay fears of Canadians that Asian buyers would beat them out of buying homes on the former site of the 1986 World s Fair. Victor Li said his family, now planning a
        Reuter  -  328 words
      • Article
        Lock icon Japanese leisure group rescues foundering Barrier Reef hotel
        219 18 AFP EIE INTERNATIONAL Corp has launched a A 512.4 million rescue package for foundering Barrier Reef Holdings Ltd. The Japanese leisure and property group said in Sydney on Tuesday that it would inject much needed cash into the company "in recognition of
        AFP  -  219 words
      • Article
        Lock icon Saudis authorise issuance of bonds to cover deficit
        348 18 UPI SAUDI ARABIA has authorised issuance of up to US$6.7 billion in government bonds to cover a deficit in its 1989 budget as a result of a continued decline in oil revenues, the state-run Saudi press agency reported. A statement by King
        UPI  -  348 words
      • Article
        Lock icon Bombay exchange to seek aid from ADB
        145 18 AFP THE BOMBAY stock exchange will seek aid from the Asian Development Bank (ADB) for computerisation and other projects, the Press Trust of India (PTI) said on Tuesday. G B Desai, the president of India's leading stock exchange. was quoted as saying that
        AFP  -  145 words
      • Article, Illustration
        Lock icon A bullish kick-off
        587 18 Tokyo Reuter AFP THE TOKYO Stock Ex- change got off to a good start yesterday, the first trading day of the year, reflecting the typical bullish sentiment of investors at the turn of the year. The 225-share Nikkei Stock Average, a 108.07 yen winner on 1968 s
        Reuter; AFP  -  587 words
      • Article, Illustration
        Lock icon Stocks close lower
        442 18 Australia Reuter INSTITUTIONAL trading dominated another lacklustre day for Australian stocks in a market hampered by the poor performance of futures contracts. But brokers said there were signs of a possible improvement locally following record gains in Tokyo. At the close the All Ordinaries Index was down
        Reuter  -  442 words
      • Article, Illustration
        Shares at highest level since July 88
        1323 18 Hongkong HONGKONG stocks yesterday added to Tuesday's strong finish to close at their highest level since July 1988. The Hang Seng Index jumped 30.14 points to 2,736.83, a level unmatched since since July 15, 1988. Turnover was HKJI.32 billion, the highest level since
        1,323 words
      • Article
        Lock icon Bangkok: Rise continues
        215 18 Reuter THAI stocks closed higher for the second day on active trading focused on speculative, lightly capitalised issues, brokers said. The Securities Exchange of Thailand index advanced another 4.30 points to close at 395.53. with gainers leading losers 77 to 14. Songkhla Canning, National Finance and Ohana
        Reuter  -  215 words
      • Article
        Lock icon Manila: Mixed close
        180 18 Reuter SHARE PRICES on the Manila exchange ended mixed yesterday, but strong interest in oils cut overall losses. The Manila Stock Exchange composite index advanced 2.4 per cent to close at a five-month high of 848.05 points. Brokers said interest in oil issues involved in planned drilling
        Reuter  -  180 words
      • Article
        Lock icon Bombay: Stocks tumble
        150 18 Reuter SHARE prices on the Bombay exchange fell on a broad front yesterday under pressure to sell amid fears that the budget for 1989/90 ending March to be presented next month may not be all that encouraging to the capital market. Brokers finance minister Shankarrao Chavan in
        Reuter  -  150 words
      • Article
        Lock icon Seoul: Bullish start for 89
        217 18 Reuter SEOUL'S stock market started the 1969 trading year yesterday on a bullish note reflecting investor optimism for the bourse in the new year, brokers said. The composite index jumped 12.42 points to close at 919.61 after Wednesday's half-day trading session. Turnover was a weak
        Reuter  -  217 words
      • Article
        Lock icon New Zealand: Quiet trade
        95 18 Reuter QUIET was the only way to describe trading on the New Zealand share market yesterday, the first trading day of 1989, brokers said. The Barclays Index eased 2.27 to 1,837.67. "It was hopeless really. Certainly there were not a lot of people ringing up with
        Reuter  -  95 words
      • Article
        Lock icon Japanese firms win Nigerian plant deal
        123 18 Reuter EIGHT Japanese firms led by Marubeni Corp have agreed with Nigerian National Petroleum Corp to build a petrochemical plant in Port Harcourt in southeastern Nigeria, a Marubeni spokesman said. The two sides recently agreed to sign a 120 billion yen contract by early
        Reuter  -  123 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Dow takes a hard knock
        861 19 New York Reuter BLUE chips staged a partial recovery after suffering steep losses. Traders said stock prices were pinned down by sharply lower bond prices and a depressed dollar. However, activity was light on the first trading day of the new year. The Dow was
        Reuter  -  861 words
      • Article, Illustration
        Lock icon Stocks open marginally firmer
        958 19 London Reuter UK STOCKS opened with a slightly firmer bias after early mark-downs yesterday, but dealers said any buying was light and selective and a shortage of stock was exaggerating the upward move. Prices were pushed down initially in response to a 24-point fall in New
        Reuter  -  958 words
      • Article
        Selected Indices
        106 19 HONGKONG Hongkong Index Wednesday 1.804 70 Tuesday 1,***** Week ago 1.776 26 Hang Song Index Wednesday 2.***** Tuesday 2.706 69 Week ogo 2,696 44 All Industrials Wednesday 2.4494 Tuesday 2.4662 Week ogo 2.4724 NEW YORK Dow Jones Tuesday 2.144.64 Monday Closed Week ogo 2.***** TOKYO Nikkei Average Wednesday
        106 words
      • Article, Illustration
        Lock icon BP to sell its mining operations to RTZ
        826 19 Buying back BP shares held by KIO NYT THE BRITISH Petroleum Co, the nation s largest company, on Tuesday announced plans to sell off its mining operations to the RTZ Corp, and to buy back much of the major stake in the
        NYT  -  826 words
      • Article
        Lock icon Kohlberg Kravis may bid for MCorp
        510 19 Reuter KOHLBERG KRAVIS Roberts and Co, fresh from its record US$25 billion buyout of RJR Nabisco Inc, is now considering a takeover offer for MCorp, one of Texas's biggest problem banks. Sources close to the situation said Kohlberg Kravis had been studying a purchase
        Reuter  -  510 words
      • Article
        Lock icon When rising dividends are bad news for stockmarket...
        510 19 NYT AMERICAN corporations are raising the dividends they pay to shareholders. Paradoxically, this may indicate that now is not a good time to buy stocks. A total of 1,705 dividend increases were announced during 1988, the Standard Poors Corp reported on Tuesday.
        NYT  -  510 words
      • Article
        Lock icon Merrill Lynch comes up tops
        168 19 AFP MERRILL Lynch last year became the top Wall Street underwriter for shares and securities, overtaking Salomon Brothers, IDD Information Services reported on Tuesday. IDD, which monitors Wall Street brokerage firms, said Merrill Lynch had underwritten shares and securities worth U5539.7 billion last year, representing
        AFP  -  168 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1615 19 Reuter AMSTERDAM: Dutch share prices opened actively firmer across the board yesterday as fresh domestic and foreign retail buying interest prevented the market from continuing yesterday's late fall. Wall Street s sharp fall in the first session of the year on Tuesday pulled Dutch stocks down, ending
        Reuter  -  1,615 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      9 15 Clambo was held over due to pressure on space
      9 words
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      Page 15 Advertisements Column 2
      390 15 CURRENCY INVESTMENT AMERICAN I XI'RI SS lIWK TEL: 321 3333 FIND OUT MORE ABOUT The latest financial reforms in Indonesia Some corporate risks for investors in Asia Developing trends in Asia's banking systems Some of the latest information systems technology And other topics of current interest by 12 speakers from
      390 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      288 18 El I THE COMPANIES ACT, CAP. 50 INBUCON ASIA PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of Inbucon Asia Pte Ltd duly convened and held on Friday, 30 December 1988, the following special resolution was passed:Wlndlng Up Resolved that the Company be wound up voluntarily pursuant to
      288 words
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      Page 18 Advertisements Column 2
      314 18 IN THE MATTER OF SINGAPORE TRANSIT COMPANY (PRIVATE) LIMITED (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING-UP AT an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 15 Enggor Street, #08-03 Realty Centre, Singapore 0207 on the 30th day of December 1988. the Special Resolutions
      314 words
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      Page 18 Advertisements Column 3
      329 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND NEEDHAM STANDARD INTERNATIONAL SINGAPORE PTE LTD At an Extraordinary General Meeting of the Company held on Thursday. 29 December 1988 at 400 Orchard Road #09-03, Orchard Tower, Singapore 0923 the following resolutions were passed SPECIAL RESOLUTION WINDING-UP That Needham Standard
      329 words
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      Page 18 Advertisements Column 4
      4 18 Chart Point every Saturday
      4 words
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      Page 18 Advertisements Column 5
      8 18 It: WEEKLY OVERSEAS EOTTION Subscribe now. Call 740-1840/1.
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  • Article, Illustration
    SICC sees economic growth of at least spc
    435 20  -  'Labour pool not expanding fast enough' By ZHOU MEI Economics Correspondent THE Singapore International Chamber of Commerce (SICC) finds it reasonable to expect an economic growth rate of at least 5 per cent this year. Chairman Boon Yoon Chiang said yesterday that
    435 words
  • Article, Illustration
    Lock icon Sir Geoffrey Howe calls on Israel to respond to Palestinian peace gestures
    395 20 Reuter BRITISH Foreign Secretary Sir Geoffrey Howe yesterday stepped up pressure on Israel to respond positively to Palestinian peace overtures rejected by the Jewish state. In the keynote speech of a nine-day Gulf tour, Sir Geoffrey told an
    Reuter  -  395 words
  • Article
    Lock icon Thai PM wants ban on logging for 10 years
    104 20 Bernama THAI Prime Minister Gen Chatichai Choonhavan has said that he would like to have a 10-year logging ban imposed throughout the country. He told a group of donors with relief supplies for flood victims in south Thailand that it was
    Bernama  -  104 words
  • Article
    Lock icon Gerakan leaders want Paul Leong to remain in the party
    269 20 Bernama GERAKAN leaders are trying to persuade Datuk Paul Leong, who has tendered his resignation as the party's deputy president, to stay on, party secretary-general Kerk Choo Ting said yesterday. He said in Kuala Lumpur that Datuk Leong's leadership was
    Bernama  -  269 words
  • Article
    Lock icon '70pc of buyers of Malaysian, Singapore lottery tickets are Indonesians'
    328 20 Bernama A SENIOR INDONESIAN provincial official has claimed that up to 70 per cent of the buyers of Malaysian and Singapore fourdigit forecast lotteries are Indonesians. These lotteries are the most popular forms of gambling in West Kalimantan, Riau and
    Bernama  -  328 words
  • Article
    Lock icon Harun Idris intent on contesting by-election
    141 20 Bernama EFFORTS to persuade former Selangor Chief Minister Oatuk Harun Idris not to contest the Ampang Jaya parliamentary by-election later this month have failed. Selangor Chief Minister Datuk Haji Muhammad Haji Muhammad Taib said yesterday. Oatuk Muhammad, who is also Selangor liaison chief for
    Bernama  -  141 words
  • Article
    Lock icon UN vote on E Timor considered
    223 20 AFP INDONESIAN Foreign Minister AM Alatas has said that Jakarta might consider inviting a United Nations vote this year on recognition of its July 1976 annexation of the Portuguese colony of East Timor. Mr Alatas said on Tuesday that six years of dialogue with
    AFP  -  223 words
  • Article
    Lock icon China's economy faces stagflation in 1989: paper
    355 20 Reuter CHINA WILL SINK into stagflation this year, with rising inflation and falling output, if an austerity programme fails to reshape radically its distorted economy, its top economic newspaper warned yesterday. In September, China imposed a series of tough measures aimed at cutting
    Reuter  -  355 words
  • Article
    Lock icon San Diego may set up Asean council
    588 20 Bernama A GROUP of San Diego professionals and businessmen will discuss next week the possibility of setting up a San Diego-Asean council, an organisation that could help spur greater USAsean trade and investment. Malaysian Ambassador to Washington Albert Talalla, who said that he
    Bernama  -  588 words
  • Article
    Lock icon Malaysia's M$22m fraud: lawyer among four men on wanted list
    328 20 Bernama MALAYSIAN POLICE have put on the wanted list four men, including a lawyer, who are believed to be responsible for the M 522.2 million fraud at Bank Negara last November which was confirmed by the central bank on Tuesday.
    Bernama  -  328 words
  • Article
    Lock icon Comex silver
    82 20 Reuter Comex silver futures fell early yesterday in concert with gold, as the dollar firmed on news of a US air attack on two Libyan jets over the Mediterranean. Computer fund selling pushed silver lower, but the selling soon dried up and prices drifted off the lows on
    Reuter  -  82 words
  • LATE FILE
    • Article
      Lock icon Malaysian bank taken over
      62 20 Bernama BANK NEQARA assumed control of the business end management of Oriental Bank Bhd on November 28 last year. Bank Negara governor Tan Sri Jaffar Hussein said in a statement in Kuala Lumpur yesterday that the takeover was necessary to facilitate a capital restructuring of the
      Bernama  -  62 words
    • Article
      Lock icon South Korean tie-up with USSR
      44 20 UPI A SOUTH KOREAN firm, Korea Tuna Company, haa signed a contract with the Soviet Union for a tie-up in fisheries which will eventually develop into fishing operations in Soviet territorial waters and a joint venture processing plant. UPt
      UPI  -  44 words
    • Article
      Lock icon Thai trade team for Laos
      30 20 AFP THAI Commerce Minister Subin Pinkayan will lead a 60-member team to Vientiane next week for talks with Laotian leaders on bilateral economic relatione. AFP
      AFP  -  30 words
    • Article
      Lock icon Decision on illegal workers
      60 20 Bernama THE MALAYSIAN Cabinet decided yesterday that Indonesians working illegally in the Malaysian plantation aector could continue holding their jobs if they registered themselves with a special committee to be aet up. Labour Minister Lee Kim Sai said, however, that only plantations which could not recruit
      Bernama  -  60 words
    • Article
      Lock icon Interim Cabinet for Sri Lanka
      42 20 Reuter SRI LANKAN President Renesinghe Premedaaa formed e 20-strong interim Cebinet yesterday, urging minieters to ensure that eseential services disrupted by recent rebel violence worked at peek efficiency. Nine members of the old government were dropped. Reuter
      Reuter  -  42 words
    • Article
      Lock icon Highest inflation in five years
      42 20 AP PUSHED by mark-ups in food items end wege hikes, South Korea s urban area consumer prices lest year roee 7.2 per cent the highest annual increase in five years, the Economic Planning Board reported yeeterdey. AP
      AP  -  42 words
    • Article
      Lock icon Ferry service cancelled
      29 20 Bernama FERI Malaysia announced yeeterdey that the Cruiee Muhibbeh service on the Port Klang-Kuenten-Singepore-Kuching-Kota Kinebalu route hed been ce nee I led until further notice. Berneme
      Bernama  -  29 words
    • Article
      Lock icon Diplomat shot dead in Bangkok
      30 20 UPI A GUNMAN fired three bullets into Saleh Abdullah Malik, a third secretary of the Saudi Arabian Embassy in Bangkok, yesterday, killing him instantly. UPI
      UPI  -  30 words
    • Article
      Lock icon Home Minister resigns
      35 20 AFP THE HOME Minister of the Indian state of Andhra Pradesh resigned yesterday saying that he took moral responsibility for the murder of a Congress (I) party legislator on Dec 26. AFP
      AFP  -  35 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      148 20 The art of fine living. Beautifully furnished dining rooms, separate fully equipped kitehens, elegant one or two bedroom suites right in the heart of ()rehard Road. At The Aseott, we take pride in giving our clients their own home. A spacious, private living environment that offers the ultimate in luxury
      148 words
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      Page 20 Advertisements Column 2
      23 20 Tho gold report was not avallabls at pros® tlma at \m ON wmax*. r&SSSs 1 i l s* EXECUTIVE LIFESTYLE SATURDAY. BUSINESS TIMES.
      23 words
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  • SHIPPING TIMES
    • Article
      Ace consortium gearing up for bigger share this year
      481 21  -  By LINDA CHEE CAPACITY IMPROVEMENTS are underway at the Ace consortium, now officially out of the Inter-Group Agreement (IGA) governing the Far EastEurope trade. The three Ace members Orient Overseas Container Line (OOCL), Neptune Orient Lines (NOL), and "K" Line are
      481 words
    • Article
      Modem Terminals to invest HK$25m in reefer depot
      245 21 MODERN TERMINALS is forking out HK$25 million for Hongkong's first refrigerated container depot, said the South China Morning Post. The private port operator has also ordered three gantry cranes worth HK$3B million. These cranes are part of an investment programme which includes
      245 words
    • Article
      SCI signs US$50m loan accord for three ships
      173 21 THE Shipping Corporation of India (SCI) has taken a loan of US$5O.2 million to partially finance the purchase of three 30,800-dwt chemical tankers from Spain. Acquisition of the chemical tankers by the government-owned SCI is a another step forward in its strategy
      173 words
    • PORT SIDES
      • Article
        Lock icon Fire on Korean ship under control
        139 21 AFP A FIRE which broke out following an explosion in part of the wreck of a South Korean container ship near Porto, Portugal, was brought fully under control early on Tuesday evening. The ship, the Reijin, ran aground near Porto last April with 5,500
        AFP  -  139 words
      • Article
        Lock icon Alexandria port, oil terminal closed
        66 21 Reuter EGYPT'S main Mediterranean port of Alexandria and a nearby oil terminal were closed due to bad weather, port officials said on Tuesday. High seas and strong winds forced officials to shut the Suez-Mediterranean Arab Petroleum pipelines company terminal in Sidi Kerir, 30 km south-west
        Reuter  -  66 words
    • Article
      Manila's shipbuilding industry set to grow
      505 22  -  By AL O LABITA Jr MANILA's shipbuilding and repair industry is gearing up for a surge in business volume this year with the recovery in the Philippine economy. "Let us prepare our facilities and lubricate our machinery," said Manuel Sandoval, president of the Philippine
      505 words
    • Article
      Lock icon NIS fleet expected to exceed 400 ships
      269 22 Fairplay AS OF Dec 16. 396 vessels totalling about 18.4 million dwt formed the fleet of the Norwegian International Ships' Register, the NIS. According to the Norwegian Shipowners' Association. a further 78 vessels were awaiting registration, and with this process taking an aver-
      Fairplay  -  269 words
    • Article
      INDEX TO ADVERTISERS
      785 22 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Alttrans VII 3 Anro Service IV 2/3 ANl 1 1/2 A PC line V 4 API III 2/3 Arrow lines IX 5 ASCI III 1 Awards Shpg V 4 Bait-Canada line VII 4/5 Bolt-Orient line
      785 words
    • Article
      Lock icon Higher transport rates help CSX to improve results
      372 22 Reuter CSX CORP, which reported higher fourth quarter per share earnings, said its rail revenue for the quarter increased as a result of higher transport rates and increased high value traffic. The company also said operating income from its Sea-Land subsidiary more
      Reuter  -  372 words
    • Article
      Lock icon Fixing under new worldscale
      75 22 Reuter THE NATIONAL Iranian Tanker Company (NITC) is reported to have chartered up to six very large crude carriers from Kharg Island to western options wih freight rates expressed under the new worldscale schedule which came into force on Jan 1, tanker brokers said. The vessels
      Reuter  -  75 words
    • Article
      Mcllwraith sells off coal interests
      321 23  -  By JOHN SPIERS TRANSPORT and shipping group Mcllwraith McEacharn will concentrate on its core business of shipping and transport services in Australia and Asia following the sale of its coal interests. Mcllwraith is to end its link with the coal industry with an agreement to
      321 words
    • Article
      PAT need not compensate crane firm for income loss
      531 23  -  By RICHARD NG THE THAI CABINET has rejected a local crane firm's request for compensation of 256 million baht for loss of business when the Port Authority of Thailand allowed berthing ships to use on-board cranes to handle cargo at Bangkok
      531 words
    • Article
      Lock icon Palm oil exported to Iran through Kuantan port
      108 23 Bernama SOME 20,000 tonnes of palm oil worth Ms2l million were exported to Iran through Kuantan port on Monday. This was the first time palm oil had been exported to Iran through Kuantan port, said a port authority spokesman. The commodity had
      Bernama  -  108 words
    • Article
      World-Wide gets two Hyundai ships
      139 23 WORLD-WIDE SHIPPING has received two ships from strike-torn Hyundai Heavy Industries in South Korea, and is hoping to get a third ship within the next six months. The South China Morning Post quoted World-Wide Shipping vice-chairman Stephen Pan as saying that his company received one
      139 words
    • Article
      Lock icon Tanker tonnage sold for scrap lowest since 1974
      136 23 Reuter OIL TANKERS told for scrap in 1968 totalled 2.86 million long dwt (51 shipa), the lowest yearly total since 1974, London shipbroker Howard Houlder said. The 1988 total was sharply below the 727 million long dwt (103 vessels) sold for demolition
      Reuter  -  136 words
    • Article
      PORT CONDITIONS
      238 23 ALL SURVEYS were conducted on Dec 20. Argentine Buenos Aires 35 vessels operating. Necochea Waiting time of up to three days. Australia All ports Normal operation. Chittagong 30 vessels operating Mongla 20 vessels operating. Brazil Santos 35 vessels operating. Rio de Janeiro 25 vessels operating. Waiting time of
      238 words
    • Article
      LONDON FREIGHTS
      1312 28 CHARTERING bagan tha naw yaar fairty quietly on Tueaday and although several vaaaala wara raportad fixad for grain out of tha US. exact dataila ware hard to pin down, ahip brokars aaid. However, charterera confirmad that a grain vaaaal waa booked for wheat from tha US Gulf to
      1,312 words
    • Article
      SHIPPING LIST where your ships are due...and when
      4229 28 aamhui Konluuii Bay Mapag-Lloyd/NVK Una. Jw 1 N (M IMC. Jw 1 Banarun. MO Contomera. Jw 1 JuOandie MMC. Jon Vtwtiaye o)nm>l. Jan *12 E» Glamour Evorgrow Jan 10 Lu M Maw* Una. Jan KVII Oaaka Bay MO Conminora. Jan 12 Bonavon
      4,229 words
    • Article
      SHIPS IN PORT
      1036 28 AT COIfVENTH VmmI Ml KEPPEL WHARVES Coty CO Jialaag K27 Swfcon* O* Hugtia.aratl K|f Jofcaanaraw K20 Ftagguot. K3I Kop s»in»o» co* So* Juon KM •oatoWtoti KM Coahaaat 1 K30 GoW laot OS Uwapuag UB Ngtaa Wtx 1.36 Toagbontior K2t T'om toy KI7 TioaSaa CO* Y-»-S Kit P
      1,036 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      661 21 TIMES STP Distributors WW/ Indicated to (Quality Service Jardines JARDINE SNIPPING AGENCIES (NEW CR NO IS 3242K*****C) 200 Cantonment Road #12-05 Southpoint. Sinppore 0208 TM *****11 TELEX NO RS ***** TERMINAL/CFS TH *****18 220 BOOKINGS Tel *****34 235 PESAKA JARDINE SNIPPING AGENCIES SON BHD. PORT KELANG TEL: *****18 Telei No
      661 words
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      Page 21 Advertisements Column 2
      75 21 MANILA'S shipbuilding and repair industry is gearing up for a surge in business volume this year with the recovery in the Philippine economy. Page II TRANSPORT and shipping group Mcllwraith McEocharn will concentrate on its core business of shipping and transport services in Australia and Asia following the sale of
      75 words
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      Page 21 Advertisements Column 3
      702 21 E *0# MAERSK LINE This Lata M Closing Tim* CY 9/1 230 C «RS CFS 9/1 1300 HRS M 8902 10 1 MCKINNEY M 8902 161 LEDA M 8902 24 1 LICA M 8902 31/t MARIT M 8902 7 2 MARCHES M 8904 14 MARGRETHE M 8902 21 2 LOUIS
      702 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      602 22 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT KOWIOON BAY BENAVON OSAKA BAY TOLAGA BAY NIPPONICA HONGKONG EXPRESS PROSPER P KELANG SOUTHAMPTON ALSO ACCEPTING CARGO TO ALL UK INLAND DESTINATIONS. BELFAST. DUBLIN. COPENHAGEN AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM. CARIBBEAN S AMERICA CONTAINER SERVICE FROM UK/CONTINENT KASUGA 1 OSAKA BAY PILAR TOLAGA BAY
      602 words
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      Page 22 Advertisements Column 2
      21 22 Lines and services represented by 'VgWfrt Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association. vIMBPy V iwy
      21 words
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      Page 22 Advertisements Column 3
      580 22 POLISH OCEAN LINES j^| Agents Singapore Optorg Shipping Pte Ltd Tel *****44 T Kelang WOO 1 Tetei HS :i/ii Petj ne jj,i 7%?H3 74'*03 fji ::wy. p trU n t &:3:<5 fxports direct containerised service to canary islands CONVENTIONAL SERVICE TO S.E ASIA I EUROPE VESSEL/VOYAGE 2YCMUNT START* i GRUNWALD/42
      580 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      1239 23 £2 The Straits Steamship Group P&O Containers STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAINERSHIP SERVICES TO/FROM BANGKOK $po« «'kok PtCASUS PROGRESS VSBN M-45 JM PEGASUS PIONEER VI4N U-12 JM 14-15 J»" BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL *****80 SINGAPORE TO SABAH. SARAWAK AND BRUNEI ACCEPTS CARGO
      1,239 words
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      Page 23 Advertisements Column 2
      663 23 NOTICES viij i •fpy.'w M lit VOY.I ARRIVED SINGAPORE S4.IS.IM* CoulfDM of all damaged cargoes ex the captioned vessel are hereby notified that a General Survey will be held on the Oth January 1988 (Thursday) at Keppel Wharves K2O from 0900 hours 1200 hours. No further survey will be entertained
      663 words
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      Page 23 Advertisements Column 3
      52 23 M.V. "LUNA* RAINBOW VOY. SO ARRIVED SINGAPORE Consignee of all damped cargoes ex the captioned vessel are hereby notified that a General Survey will be held on the 7th January IM9 (Friday) at Keppel Wharves Kl9 from 0900 hours 1300 hours. No further survey will be entertained thereafter. Agents: "I"
      52 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      373 24 US I NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE Singapore ETA 27/1 Loading for BANDAR ABBAS KYOWA LINE MOTHER VSL HK KYOWA VIOLET V 23 2J/1 KYOWA HIBISCUS V.» 21/2 LOAO FOR: VILA. NMA. LTK. SUVA. PAGO. APIA VILA. NMA. LTK. SUVA. PAGO. APIA rl
      373 words
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      Page 24 Advertisements Column 2
      1138 24 HANJIN SHIPPING CO., LTD. TO EUROPE VIA SUEi FULLY CONTAINERISED SERVICE IDC£ CHOYANC SUCCUS IN HANJIN ROTTERDAM 1* KOREAN JACEJIN 47M I OUTBOUND SERVICE TO U.S.A./CANADA TO FAR EAST PORTS A Member o» the Act Consortium UN T/S PORT LME NAUi ltd HA. HI HANJIN KUNUN M MA WW KORfAN
      1,138 words
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      Page 24 Advertisements Column 3
      862 24 wh ifcft EVERGREEN Full Container Service Jtound-The- World East Bound (FE/CARIB/USEC/EURQ/FE) SCP HKC KSC KLC PUS OS* TYO CHS rv*i w i« ii« im nn a# a« u« nm um am 22m 21m am w am ;t. am owe BW WW 27*n ;,t. o.a ait: wb im EVER GENTRY M
      862 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      679 25 Xv A PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE MAJAPAHTT OOWA SISB SM Sid In Pi 32N8 10/1 SSSS 1«n 13M 1«n 30NB 20/1 ACCtmWQ MURURAN/TOMAKOMAt/HTTACHI CAROO VU HKQ JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE SEA HAWK SEA HAWK
      679 words
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      Page 25 Advertisements Column 2
      208 25 cost CHINA OCEAN SHIPPING COMPANY KK PCD PKIf Pan JIANG CHUAN 30/12 YIN CHUAN a/1 Rotterdam/Antwerp Kotlartawv Antwerp Ppnen« P%l» Sport Bkk Hk( S'hai Qingdao SHAN CHENG 23/1 17/1 24/1 77/1 Iff 7/2 TANG FANG KOU J7 2*l 27/1 31/1 4/2 |/2 Accepting FCL Carp for all ottwr Chinese part*
      208 words
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      Page 25 Advertisements Column 3
      565 25 BEN LIKE CONTAINERS express container service to UK/continent t'MAVf N IOAH MAWIf EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS TASMAN ASIA SHIPPING TO NEW CALEDONIA, FIJI AND NEW ZEALAND SIN MAIN LINE MKC NOUMEA SUVA AKL NAP TIM 9/1 MAKEDONJA VOYI
      565 words
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      Page 25 Advertisements Column 4
      474 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 CONTMNERSHIP SERVICES SINGAPORE TO EOROPE VSL/VOY PALEMBANG/11WB SRIWIJAYA/25W8 KUTAI/16WB ANTWERP H'BURG/ R DAM/A DAM BREMEN 7/2 11/2 13/2 17/2 2S/2 3/3 Sublet to Inducement Also accepting cargo lo Casablanca Port
      474 words
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      Page 25 Advertisements Column 5
      392 25 BOUSTEAD SHIPPING AGENCIES LASHK) Vlffi HTONEYWA V242W PA AH via* BURMA FIVE STAR SHjgPIMB CORPORATION (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok uB& z z *01 iM J BANK LINE nWi,9? NTAINER SFRUirc ffE*VY LIE T CAPARIIITV BOUND TO UKC SPORE ROAM HULL NORTHBOUND TO lIKr IVYBANK
      392 words
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  • Page 26 Advertisements
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      479 26 K'linb KAWASAKI KISEN KAISHA. LTD. N. AMERICA-ATLANTIC COAST ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP VOY *INDO 23 9/1 12 16/1 12 23/1 'PK/PNG SGP 10/1 12/1 17/1 19/1 24/1 26/1 NYC HFX 11/2 22/2 25/2 1/3 4/3 1/3 ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP N. AMERICA PACIFIC SOUTH-WEST HUMBER BRIDGE
      479 words
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      Page 26 Advertisements Column 2
      269 26 4*. 45 ffr r'R 51 GOLDENWAY MARITIME SDN. BHD. ETA SWEE ANN SATU Vl/89 5/1 MARITIME No.l Vl/89 4/1 NEW LINE No.l Vl/89 10/1 6A, Lorong Cempening. off, Jin. Berangan, Port Klang, *****. Selangor. ETD Loading For 8/1 Kuching/KK/Labuan 7/1 Kuching/KK 14/1 Miri/Kuching Tel: *****00, *****84 i *****88 Fax No:
      269 words
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      Page 26 Advertisements Column 3
      657 26 'M AUSTRALIA EXPRESS CONTAINER SERVICE FCL/PCL Contains* ML I DAS TULSIOAS »J9 KALIOAS ¥.41 TULSIOAS V 40 10 Jan I Fab 9 Mar I Apr I'm, By Faadar By Ima 1 Fat 2 Mar I Apr Fran/Maft/Sfdn/Adal 1 Fab Fram/Malb/S*i/Adal *"w FramMalb'Srdn Ada/ 1 Apr Fram/IMk/Sf«t/AM INDIA EXPRESS CONTAINER SERVICE
      657 words
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      Page 26 Advertisements Column 4
      504 26 GOLDEN LINE GUAN GUAN SWPHNG (Pit) LIB a T«M Ay« StrMt SINGAPORE 01M TEL SM3W (M LINES) f»i SMJSM STRAITS/PERSIAN GULF SERVICE: GOUXN KM CoWnOo Uradh Dubai GOLDEN HARVEST Cotomto Mradk Outat/SMtram CHINA SERVICE A VESSEL Hwpi I Stan** S port P FW* IVU Jwi 2WB Jm CHINA OCEAN SHIPPING
      504 words
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      Page 26 Advertisements Column 5
      411 26 anirruiu riMi!.» t rnursaay, January 5, 1989 PHILI Oni€NT LIN€S PT€ LTD Mf*o OfUCf 63 ROIiNSO* ROAD .C? 1? ya AfRO ASIA BUILDING SINGAPORE CC6 Iflf» RS ?8 PHUI FA» ??***** it'll,! i if in rTTTT Mi'i.'r\r ■i —"'a l 't,j nf y,.v vjp*' ">'[ newgentraoe yi EAST/WEST AHI rn
      411 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      910 27 NEPTUNE ORIENT LINES LTD SS&S Fm EAST/EUROPE FULLY CONTAINERISED SERVICE A 01 ACE co««Kt»um TO EUROPE/UK (VIA SUEZ): s >r. rd» N BRIDGE (6/1) 8/1 26/1 77/1 21/1 TW MIKE «t (13/1) W 2/2 3/2 4/2 N RUBY 2W (21/1) 23/1 S/2 9/2 10/2 C CONTAINER Ot 3/2) 5/2 23/2
      910 words
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      Page 27 Advertisements Column 2
      407 27 OOHAM HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO KELANG. PENANG, KEELUNG. BUSAN. INCHON Vmml t Nam* ETD BS S POUE PKLC KEI BUSAN MO JI *°W2 In Port 10-11*1 UIWI 22/01 GLORIA II4N 2VU QSOMI 07-V/Ol 15-IVCI 20-21/01 20/01 "J" 1 WWI IMMI 20-2WOI 2HI/01 20/01 tMAGNIT/WN IVI2
      407 words
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      Page 27 Advertisements Column 3
      881 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 ***** KHMK p KCLANC HANDLING SYSTEM CO SON BHD ClMw JAYAPOH PENANG. Tel. *****4/*****/ THw MA ***** Mo
      881 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      252 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (34 Lines) FAX *****39 *****76 TUEX RS ***** A/B SSCMA RS ***** A/B SSCAO f DSR-LINES l VER OEUTFRACHT SEERb'EDEREI ROSTOCK < INTEGRATED CONTAINER SERVICE MEMBER Of LA CON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE "VIA LARNACA ACCEPTING CAMO FOR LIMASSOt
      252 words
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      Page 28 Advertisements Column 2
      101 28 T.S.K. LINE WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL Tt KLINE OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MV. HAKUSAN n V-X ETA SIN IS/1/S9 j KAOHSIUNG 4 DAYS KEELUNG 5 DAYS I S PORE I j TOKYO DAYS SHIMIZU 9 DAYS j NAGOYA 10 DAYS KOBE 11 DAYS 4
      101 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      134 28 Regional Weather t ft #1 2 85* >Y* •I K t IS 5 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO AM. Jen 5, IM9 Wmd d*.ttion wrfti vp#ed knots Wo»* height LEGEND R Thundwstorm T«mpnotur. c A y Shown W»ott*t Wind drvction -itti speed n knots Ran LJ Cloud* Sky
      134 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      526 29 E REGULAR C. Vmtaw 2» TNT Eifrau SI Abo accepting cargo to AIISTRALIA Adelaide. Brisbane NEW ZEALAND Wellington, Napier Christehurch TO USA/CANADA If DATS FROM FOS/MARBEILLEB! FROM USA/CANADA/EUROPE/MEDITERRANEAN 83E51 EH EH C. Verohne 219 TNT E i press 221 EZ3IE3 E3I MM EH MM UZMMI AGENTS FARGO SHIPPING COMPANY (PTE.)
      526 words
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      Page 29 Advertisements Column 2
      193 29 CSP SHIPPING AGENCIES PTE. LTD. TEL: *****66 (16 Lines) Tlx: ***** CSPFRT Fa*: *****61 SIM SWEE JOO SHIPPING SDN. BHD. i EXPRESS TO HNTULII SWEE LONG SATU RIBUAN JAVA P. Kelang L Voy 148 In Port 8 I CONTAINERISED SERVICE loading (or Bintulu. Miri, Kuchinf Kuching. Bintulu. Agents: JAMBATAN MERAH
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      Page 29 Advertisements Column 3
      1259 29 fa Tatsumi Marine DIRECT SAILING TO PAPUA NEW GUINEA (ACCEPTING BREAKBULK) MITCHELLE Direct can to other ports sub/ect to inducement (also accepting transhipment cargo OROBAy MADANG KIETA WEWAK KIMBE RABUAL v,a LAE) S'PORE: NEPTUNE AGENCIES PTE. LTD Tel: *****77, *****34, *****71 Kf Ofnct Til MARINE SERVICES PTE. LTD. (S'PORE) TEL:
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      408 30 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines, TLX HS ***** RS ***** li ft. !\SIIK\ \K I I\l R. I I I). STRAITS/ JAPAN/ STRAITS SERVICE JPECIALIST IN RO-R0& HEAVY LIFT! VOY. NO. Spore P. Kelang Kuantan 69 58 Sailed 7/1 In Port 10/1 Hong Kong Yokohama
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      426 30 C^r o COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURGi-SUD) EXPRESS SOi-COWTA»€R SERVICE TO NORTHBOUND TO UKC IVYBANK TAUSALA SAMOA VI4N MORAY BANK V7N RDM/A DAM HBG HULL (U.K.) 11/2 22(7 25/2 17/3 21/3 27/3 10/4 15/4 IS/4 •Also Accepting FCI to Antw*rp/BrMwn/Ftliittow«/Southani*on/B«lfatt/Gottitn6urf (ASIA-SOUTH PACIFIC JOINT SER SPORE AYBANK V6S
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      206 30 taw P T. MASKAPAI PELAYARAN LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA. MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****77 GENERAL AGENT: SINGAPORE NEPTUNE AGENCIES PTE LTD Tel:
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      721 30 mm® CALL US AT: P. KELANG PENANG J. BAHRU P. GUOANG 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 FEEDCR ■iizLLigf.Miij w r-ig-'.wri.'i ;i;.n n7T TT7I OTHER DESTINATIONS AARNUS. AMSTERDAM. ANTWERP. BASLE BREMEN BREMERHAVEN. COPENHAGEN HELSINKI. MALMO
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