The Business Times, 7 March 1985
1985-03-07
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The Business Times
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Title Section12 1985-03-07 1 BUSINESS TIMES M.C. (P) No. 99/1/85 THURSDAY, MARCH 7, 1185 60 CENTS12 words
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Article567 1985-03-07 1 ALVIN TAY; AMY BALAN - Minimal impact on banking system By ALVIN TAY and AMY BALAN THE POST Office Savings Bank (POSB) diverted about *1-6 billion of its funds to the Monetary Authority of Singapore last year, according to figures released in the latest Economic Survey. This is the amount567 words
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Article, Illustration387 1985-03-07 1 A VEIL over the social development unit was lifted yesterday when the government gave some details of how much it spent to encourage graduate women in the civil service to marry, and to what effect. This led to a lively debate387 words
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585 1985-03-07 1 LEE HAN SHIH - By LEE HAN SHIH FORMER car distributor Wearne Brothers is buying another high-technology company. This time, its target is an ailing disk-drive maker in Singapore which Wearnes is said to be taking over "for a song". The company is Micro Peripherals (Singapore), a585 words
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Article, Illustration82 1985-03-07 1 A LATE apart rf baying in the afterMN eat Wtfal leasee aai enabled the Slagapere stock market Is elese mixed dayIt to generally felt that the market to still la a Ughly-ever-heaght pesttlea aad mere praOttaklag to expected Mere the market eaa resume tto aptread. The BT Cifidti82 words
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371 1985-03-07 1 LIM SOON NEO - Motor Leasing arranging for $500m finance for Thai project By LIM SOON NEO MOTOR it Leasing (Singapore) is trying to arrange for financing of more than $500 million for the Bangkok Mass Transit Authority (BMTA). The company, better known here as the distributor of Cadillac and Isuzu cars, is part371 words
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Article79 1985-03-07 1 AP THE financially troubled Wheelock Maritime International Ltd announced yesterday it was asking the Hongkong Stock Exchange for an immediate suspension of trading in the company's shares. In a statement, the company said it was in a "critical finan- cial position" because of the takeover battleAP - 79 words
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476 1985-03-07 1 THE government is having a second look at its policy on development charges, said National Development Minister Teh Cheang Wan yesterday. Developers, landowners and architects contacted by BT said they welcomed the news. They unanimously agreed that the present charge was too high476 words
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Article104 1985-03-07 1 SINGAPORE textile and garment exports to America have been cleared of unfair subsidy charges in a final ruling by the US Commerce Department and will not have to face countervailing duties. This follows rimiliar findings in an earlier preliminary investigation which showed that some subsidies on the104 words
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Page 1 Advertisements
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Advertisement125 1985-03-07 1 IbpsinCarAucfio Technology FUJITSU TEN LIMITED AMATEUR PHOTO STORES LTD. Singapore: Phone *****22 Kuala Lumpur Phone *****3/*****0 Ptoang: Phona: *****/***** Jakarta: Phone *****9 iinjticH rSESSfiFsS i Flttar Ybu ($195 A special 6-week package o fitness culture designed to help men and women tackle fitness head-on. Tb get you off to a125 words
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Advertisement282 1985-03-07 1 SOU background, Pag* 8 Mora Pariiamant raporta, Back Paga mm SHARE INFORMATION 13 AIRCRAFT 4 MONEY A EXCHANGE PUB wiH spend about $200 m this year to lay now electricity cables ond to improve the existing network, and $9 million on cable diversion work made necessory by the MRT construction.282 words
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Advertisement0 1985-03-07 1 _[*(*}:__"]<(,%&$'|&)\*$<<\~`,;0 words
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Advertisement218 1985-03-07 1 3?* Son* t«xtik •xport* to U8 >übtldlitd, Rig§ 5 We play games in the City. There's one place in the city that plays a different game Winston's the one-stop sports shop at Ocean Building. There's nobody you can trust better than an old sports pro. And there's none as professional218 words
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HOME NEWS
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329 1985-03-07 2 LOH HUI YIN - By LOH HUI YIN THE Public Utilities Board will spend about $200 million this year to lay new electricity cables and improve the existing network. In addition, $9 million will be spent on cable diversion work because of the construction of the Mass329 words
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212 1985-03-07 2 THE SCHOOL of Management of the National University of Singapore is organising a dinner talk on why some US companies earn more than others and what it may mean for Singapore business. The talk on March 29 will be given by212 words
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Article, Illustration370 1985-03-07 2 STELLA LIN has been appointed to the newly-created post of human resources manager at Standard Chartered Bank. Mrs Lin, formerly staff/ industrial relations manager for the bank, will take charge of career planning and development, promotion exercises, and the identification of training requirements. She reports to the370 words
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392 1985-03-07 2 TUESDAY'S two-hour blackout in the central and eastern parts of the island was a major power failure, according to the Public Utilities Board. Caused by a short circuit in the busbar, the power failure was the first major occurrence since February 1963392 words
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Article367 1985-03-07 2 THE P»a PtMkt 8lag»pare H«M, due to be opened late this year, has announced its planned rates (or guest rooms and suites. The hotel's entry-level rates for single and double rooms overlooking the Marina Bay will range from SJISS to $225 per night. The most expensive rooms will367 words
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342 1985-03-07 3 LIM SOON NEO - By LIM SOON NEO SINGAPORE Airlines, which has made it known since May 1962 that it is interested in operating flights to Manchester, is likely to achieve its aim eventually. This is the view of six British MPs who have been342 words
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Article, Illustration292 1985-03-07 3 THE LATE TAN SRI DR Runme Shaw was a man beyond politics. In his tribute to "an outstanding citizen", the Minister for Law, Mr E W Barker said of his friend: "In the 20 years that I knew him, he never asked for a favour that292 words
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240 1985-03-07 3 THE YAOHAN chain of supermarkets has teamed up with a major Japanese retail store marketing audio-visual goods and home appliances to capture a larger customer base in Singapore. Yaohan Best, the result of Yaohan and Best Denki Co Ltd240 words
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Article42 1985-03-07 3 THE INSURANCE limit for surface insured letters to Nepal will be $500 per insured item instead of $1,000 per insured item previously. The revision was initiated by the Indian Postal Administration, through which surface insured letter mails are sent.42 words
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548 1985-03-07 3 BOEY KIT YIN - Singapore, Hongkong play complementary roles By BOEY KIT YIN SINGAPORE and Hongkong play complementary roles to each other, a relationship which can be exploited to help both countries enter the Chinese market more effectively. President of the Singapore Federation of Chambers of Commerce and548 words
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254 1985-03-07 3 BENSON, a subsidiary of the American Schlumberger group, has set up an office in Singapore to reach out to Asia. Territory sales manager Philippe Tarcher said the company expected a six-fold increase in sales by 1967 to US$l2 million in Asean254 words
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77 1985-03-07 3 THE Singapore Institute of Standards and Industrial Research (Sisir) is organising a half-day seminar on Stress Analysis tomorrow. The seminar, which is aimed at both local manufacturers and engineers from the metal and plastic industries, will be held at the Hotel Plaza. Concept and practical77 words
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Page 2 Advertisements
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Advertisement209 1985-03-07 2 t ■:.V < ¥*m i m r 'V JL-», 'V^ I K I i w gflggftig^ •■i i>ii^'t; mm I ni K^sill.•! m m HmS s?» *4* >'. **33 rw w I a JM M w m ¥m n 3 is MM A M I n ah -"S '> 3HP209 words
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Advertisement119 1985-03-07 2 ■ES Write Better, Speak Better Discover tha Merits of making what you say count! Here is e lively, comprehensive and fascinating guida to good writing and good spaa king. It's* the aaty way to achieve new confidence and succass whan daaling with people in parson or on papar, at home119 words
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Page 3 Advertisements
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Advertisement381 1985-03-07 3 nir i i«m_i 111 Amnjf -iWi r-_ ;yrY* A\l7 XW• v* A .^..:*&r:tV':<Wv- t: "v..- !t A N >- S IS*«SSa«! Il?«=5 iMitfr* iffevVflr <*> IlllfmsSPSfPt ttnWWWWiM I x>-a r--y H i mi f vs Hi f f I if i? Vrn I? II! in mm f fr> r?* I381 words
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OVERSEAS
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498 1985-03-07 4 Hongkong acts as middleman in indirect dealings AFP CHINA'S indirect trade with Vietnam and Taiwan last year soared to a record high, with Hongkong acting as the middleman. Hongkong government statistics showed that in spite of rumblings of war at the Sino-Viet-namese border, unofficialAFP - 498 words
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219 1985-03-07 4 AP A SENIOR US Treasury official rejected the idea that the US dollar is overvalued in terms of other countries' currencies. David Mulford, Assistant Secretary for International Affairs, acknowledged that the dollar is much stronger than it was in 1980 and high compared withAP - 219 words
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369 1985-03-07 4 Trial AFP pvm .1 xptnf? state prosecutors yesterday said they had been unable to locate four "vital witnesses" scheduled to testify in the Benigno Aquino murder trial, forcing another postponement of the proceedings. Chief prosecutor Manuel Herrera told the trial court thatAFP - 369 words
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Article205 1985-03-07 4 Reuter NEW ORDERS for US manufactured goods declined US$l.73 billion or 0.9 per cent in January to a seasonally adjusted $192.18 billion, the US Commerce Department said. The drop, the seventh in the past ten months, followed a revised decrease of 0.1 per cent inReuter - 205 words
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Article, Illustration358 1985-03-07 4 UPI THAI TROOPS clashed yesterday with Vietnamese forces who intruded into Thailand during an attack on the last major guerilla base. In other action that broke a two-week lull in border fighting, Vietnamese artillery shells hit a UN camp inside Thailand on Tuesday, WillingUPI - 358 words
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Article262 1985-03-07 4 Reuter AUSTRALIAN Prime Minister Bob Hawke has made it clear amid the conflict over the Anzus treaty that his own political future rests on continued close military ties with the US. Mr Hawke said in a television interview on Tuesday night that what heReuter - 262 words
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200 1985-03-07 4 Reuter FEDERAL organised crime investigators said they are considering tightening financial reporting laws and regulations out of concern that criminals are gaining control of US banks. James Harmon, executive director of the President's Commission on Organised Crime, said he is concerned thatReuter - 200 words
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Article197 1985-03-07 4 Reuter AN ATTRACTIVE 20-year-old dubbed "the kissing bandit" is in jail after police alleged she stole up to US$5O,OOO a night from big winners at this gaming resort, thanks to her knockout kisses. Marguerita De Los Santos, 20, is being held in lieu of $250,000 bailReuter - 197 words
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WORLD IN BRIEF
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Article55 1985-03-07 4 THE South Korean government has lifted a political ban on opposition leader Kim Daejung and 13 other dissidents. But an official spokesman said yestersay Kim, a 59-year-old former presidential candidate, would still be barred from joining a political party or standing for parliament because of a55 words
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Article57 1985-03-07 4 A PANEL of cardinals have begun a three-day meeting to examine the Vatican's chronic budget deficit said to be running at more than 60 billion lire. A Vatican statement said on Tuesday the 14-member Council of Cardinals for the study of the organisational and economic problems of the57 words
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Article71 1985-03-07 4 HOLYWOOD screenwriters went on strike on Tuesday, with their union leaders predicting that soap operas (daily television shows of lust and romance) would be the first to run out of scripts. But film studios and television networks have been storing scripts in preparation for a strike. The producers71 words
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Article95 1985-03-07 4 IN THE latest round of gangland violence following the Jan 26 murder of Japan's underworld boss Masahisa Takenaka, a retired member of a gangster group was shot and critically wounded by a gun-wielding attacker yesterday in a coffee shop in Mie prefecture in western Japan. A spokesman for95 words
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Article85 1985-03-07 4 IRANIAN forces shelled the Iraqi border city of Basra on Tuesday, fulfilling a threat made the day before. Iraq responded with rocket fire and said it would hit 30 Iranian towns in retaliation. Mo6t of the shells fell on the edge of the city, which has about one85 words
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Article80 1985-03-07 4 Agencies ABOUT 90 native separatist prisoners had gone on a hunger strike in New Caledonia, demanding political prisoner status and better conditions, police on the French-ruled Pacific island said. The hunger strike at Camp East prison, on the east coast of the island, came on Monday night inAgencies - 80 words
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Article767 1985-03-07 4 ARRIVALS Operator Scrvicc number Local tilM From PAA PAS 0155 JFK/SFO/HKG LUFT LH688R 0250 FRA/DXB MAS MH681 0820 KUL MAS MH603 0905 KUL MAS MH671 0935 KUL MAS MH811 0940 PEN RBA BJ421 1000 BWft S1A SQ103 AC858 1005 KUL AC 1015 YYZ/LHR/ BOM CPA CX710 1030767 words
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250 1985-03-07 4 Reuter TWENTY-TWO people were killed on the final day of India's state elections on Tuesday and first results showed the Congress (I) Party of Prime Minister Rajiv Gandhi had a clear lead. Reporting the deaths last night, the news agency UnitedReuter - 250 words
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492 1985-03-07 5 AP AN ESTIMATED 26,000 UK coal miners, nearly 15 per cent of the industry's workforce, were still on strike or refusing to cross picket lines on Tuesday in spite of the official end of the 11-month coal strike. The resisting miners were demandingAP - 492 words
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109 1985-03-07 5 Reuter THE US Commerce Department has released final rulings that some textile imports from Argentina, Peru, Sri Lanka and Thailand are being traded unfairly because they are subsidised. The investigations, which mean the US government will impose penalty duties to counteract the subsidies, coveredReuter - 109 words
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216 1985-03-07 5 THE MALAYSIAN Bar Council is exploring the possibility of obtaining professional indemnity insurance for its members because of increasing litigation against them for negligence. Its president, Mr Ronald Khoo, said this sort of insurance was common in Britain and the US. But in216 words
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275 1985-03-07 5 AP TAIWAN has asked US authorities for an autopsy report and other evidence on the slaying of a Chinese-American writer to help convict three reputed Taiwan gangsters charged with the murder, Justice Minister Shih Chi-Yang said. He told a session ofAP - 275 words
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630 1985-03-07 5 Opec's output above the 16m-barrel ceiling in February AFP INDUSTRIAL countries have used less crude oil this winter than anticipated, in spite of a cold spell in Western Europe and additional demand for fuel oil because of the just-ended British coal miners' strike,AFP - 630 words
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Page 4 Advertisements
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Advertisement203 1985-03-07 4 Vm Cecil and Unready Officially, I'm known as Cecil Court, but I'd much rather you call me Cecil. Now that my show-office is ready and open for viewing, come look me over. YouH find me at the corner of Cecil/ Boon Tat Streets and within the coveted Golden Shoe area203 words
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Advertisement14 1985-03-07 4 />^l Pan Am First Class. First In Space, first In Luxurv. First In Comtort.14 words
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Page 5 Advertisements
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Advertisement397 1985-03-07 5 Workstation and PC! Blfl Only one PC breed meets the exacting standards of Olivetti and AT&T. The worldwide alliance of two giants of the information processing industry, Olivetti and AT&T. marks a new era in the fast evolving field of computer technology. But together they represent much more than leadership397 words
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Page 5 Miscellaneous
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Miscellaneous86 1985-03-07 5 Doonesbury At&.pooNesem.iHOPe KXJ (K&&TANP THAT IVE ARE HERETO BASE m a nr. 7 n 'A JH f/I r fa BUT THAT* NOT FAIR! I mjuweeiNTHtsMEss FTHE GOVERNMENT HAPNT UR6EDALLOFUSTO PLANT FENCE TO FEHCE' 111 BY GARRY TRUDEAU XXJANPTHEBAHKBXS PUT ENORMOUS PRES6URE ON U5 TO TAKE OUT LOANS' MfBAIKERHOUNPEPME WANPNMT 186 words
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MONEY AND EXCHANGES
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Article, Illustration1203 1985-03-07 6 SINGAPORE The American dollar closed firmer against most major currencies in moderate late trading yesterday; however, it ended below the day's highs, dealers said. They said the dollar remained underpinned by high US interest rates and the absence of central bank intervention. The greenback closed higher at 3.4500/101,203 words
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Article54 1985-03-07 6 THE Monetary Authority of Singapore has invited banks and discount houses to tender for $160 million of 91-day Treasury bills to be issued at the option of the tenderer from March 11 to March 15. Each tender must not be for less than $250,000. Last day of tender54 words
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Article243 1985-03-07 6 Interbank rotes at 3pm yesterday. qmiMdy—trdor c roaa parity etiange Local dollon to on* unit of currency: 19 10 US dolor ***** ***** ***** Sterling pound 2 3950 2 4039 7 3469 -67 40 Australian dolor 1 5556 1 5592 3 4286 -54 63 NZ dolor 1 0264243 words
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Article197 1985-03-07 6 HONGKONG The metal closed slightly easier yesterday in moderately active trading under pressure from the strong US dollar. Dealers said gold traded in a narrow range, closing at U*****.40/80 an ounce compared with New York's $286.75/287.25 finish and the final $288.40/80 here on Tuesday. On the local market, gold197 words
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Article292 1985-03-07 6 Asian market ASIAN dollar deposit rates closed steady at easier opening levels in quiet afternoon trading yesterday. Short-dates weakened between Vk and H point at the start due to a lower US federal funds rate and stayed at these levels with overnight closing at 8H B'/4 and week fixed at292 words
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Article386 1985-03-07 6 BA Futures Inc EURODOLLAR futures rebounded yesterday, following short-covering activities due to lower Fed funds. The June contract opened four ticks higher than CME at 89.33 but ran into strong resistance at 89.35. Liffe saw an attempt to trade higher but came off towards the close to settle atBA Futures Inc - 386 words
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Article122 1985-03-07 6 THE OVERNIGHT rate on the Singapore interbank money market rose by one point from Tuesday to close at 6V4 per cent yesterday. The one and three-month term rates rose by Vt-point each «Idle the two-month rate remained unchanged. S$ interbank rates at 3pm yesterday Off* Bid Overnight 6122 words
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Page 6 Advertisements
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Advertisement857 1985-03-07 6 German Democratic Republic Modern Industrial State and Reliable Trade Partner Electromotive Drives with Unmatched Adaptability That branch of GDR's electrical industries specialized in producing and controlling electromotive drives in all fields of economy offers its partners drive units with sizes ranging from button cells (micromotors with approx. 0.5 watts) to857 words
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BANKING AND FINANCE
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493 1985-03-07 7 Reuter MORE FOREIGN BANKS are interested in setting up offices in India or to expand their existing business, but official restrictions are forcing them to adopt new strategies. Foreign banks which did not foresee an immediate presence in India hadReuter - 493 words
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331 1985-03-07 7 Bernama GROWTH of Ml money supply in Malaysia slowed to an average rate of 5.2 per cent in first eleven months of last year from an average annual rate of 11 per cent in 1983. On an annualBernama - 331 words
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318 1985-03-07 7 AP THE WORLD'S major debtor countries Argentina, Brazil and Mexico have reached a series of agreements in the past year to ease their immediate financial problems. But economic specialists say the debt crisis in Latin America and other countries seems farAP - 318 words
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417 1985-03-07 7 ALVIN TAY - By ALVIN TAY THE Central Provident Fund once again accounted for half the rise in total savings last year, in spite of the sharp increase in withdrawals under its home ownership schemes. Total contributions with the CPF rose by 16.2 per cent to $22.7417 words
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322 1985-03-07 7 AFP JAPAN is expected to set up the proposed offshore banking centre in Tokyo, operating independently outside the domestic market, like those in New York, London, Singapore and Bahrain, possibly next year. Japanese Finance Ministry sources said yesterday that the Foreign Exchange Council,AFP - 322 words
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Page 7 Advertisements
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Advertisement241 1985-03-07 7 Singapore r y§& <<• n -jv" safe* IP mmm. w- ■^'ir is. 4. '228 SEPTEMBER3-6,1985.W0RLD TRADE CENTRE, HALL 3. Because the bi-annual Info Singapore/Computa Exhibition is the biggest computer show in South East Asia that's strictly for business. Your business. Attendance is made up almost exclusively of MIS/DP end-user executives,241 words
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FEATURES
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Article550 1985-03-07 8 EQUALITY of opportunity has never been a wholly satisfactory means of reaching social and economic equality. One has only to view those who live in grinding poverty in the United States, the bastion of freedom and equality, to realise that though we all may be born550 words
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Article, Illustration1392 1985-03-07 8 Arresting the growing number of unmarried graduate women The role and activities of the Social Development Unit are not entirely a mystery but since they have not been explained in any detail to the public, questions have been raised about the results the unit is looking for and1,392 words
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551 1985-03-07 8 FRANCESCA GEE - By FRANCESCA GEE AFTER ignoring him for months in the hope that he might quietly go away, France's political leaders are taking the offensive against extreme rightist leader Jean-Ma-rie Le Pen. With Le Pen's National Front expected to garner up to551 words
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Page 8 Advertisements
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Advertisement143 1985-03-07 8 »r mhJ* The Four Seasons Festtvm FEBRUARY-MAY 1985. 7* Sir i I 1 Mankttk-ljtk Winter in Alsace and lor mine. Continuing onrseanckforthe best inpmmwlfrencii Cuisine, we've arrived rtAkacemlleMwe in the <kep mid-winter. Hew, distwtiveb) fruity meson theperfect accomamnent to suck delicacies asfvie Qms or wildmishwms, QmilverHaps, followed by Duck in143 words
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Page 8 Miscellaneous
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Miscellaneous940 1985-03-07 8 to sm mm HIGHLIGHTS Cosmopolitan Theatre Buddenbrooks 8.55 pm, Channel 12 Continuation of the story on the German mercantile family. Grunlich, a commercial agent from Hamburg, visits the Buddenbrooks and asks for Tony's hand in marriage. Her parents approve for Grunlich appears to be a man with an irrepproachable character940 words
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SPORTS
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Article, Illustration503 1985-03-07 9 WALTON MORAIS - By WALTON MORAIS RIDING a hot streak that included six consecutive strikes, Mohan Tupani mounted a second attempt at qualifying for the semi-finals of the Pepsi Challenge of the Champions currently being held at the Kallang Bowler-Drome. Mohan, a 36-year-old businessman who picked503 words
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366 1985-03-07 9 UPI CAVALIER fans are doing something these days they haven't done in years they're checking the National Basketball Association standings. Egads, they've got playoff fever. Cleveland, the last NBA team to win a game this year, is no longer the laughing stock of the league.UPI - 366 words
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311 1985-03-07 9 AP BLOOD BOOSTING will be banned by the International Olympic Committee before the 1988 Winter Games in Calgary, the chairman of the lOC's medical commission predicts. The level of caffeine permitted in Olympic athletes is also likely to be lower byAP - 311 words
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Article, Illustration335 1985-03-07 9 UPI MARTINA NAVRATILOVA had an off night but still proved too strong for Ann Henricksson in posting a 7-6, 6-2 first-round victory on Tuesday in the US$l5O,OOO US National Women's Indoor Tennis Championships in Princeton, New Jersey. Henricksson served forUPI - 335 words
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Article214 1985-03-07 9 AFP FINLAND'S Ari Vatanen, in his all-conquering Peugeot 205 Turbo 16, started favourite in the Rally of Portugal, third round in the World Championship, which got underway on the Estoril grand prix cicruit in Lisbon yesterday morning. Audi has won this rally for the last threeAFP - 214 words
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Article330 1985-03-07 9 THE UNITED STATES Football League is nibbling around its ankles, its attorneys have enough work to keep busy around the clock and one of its franchise owners is looking for emergency help. In this atmosphere, the people who run the National Football League will open their330 words
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Page 9 Advertisements
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Advertisement81 1985-03-07 9 Chambers still the best )nce again Chambers leads the held in the dictionary raci 1 his time the lavourite is Chambers Pocket 20th Century Dictionary s Chambers i Dictionary ava Now A» At 800k s Easy to use easy to read. The ideal handy reference book for home, school and81 words
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Advertisement24 1985-03-07 9 THE GREAT BOOKS For those interested in Intellectual Enjoyment -443 great works by 74 authors in 54 volumes Call STP Distributors Tel No: *****44/*****2824 words
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Advertisement26 1985-03-07 9 European class vessels of up to 20,000 gross weight tonne approaching end of sea-worthy life. Only owner's representatives need to reply. Contact: Miss Khong Tel: *****4926 words
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Page 9 Miscellaneous
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Miscellaneous661 1985-03-07 9 CRYPTIC PUZZLE ACROSS 1 A drink to bend over for? (6) 7 Film of leading players at loggerheads? (4, 4) 8 Flabby as many a politician (4) 10 When to eat fish ond chips from the sound of it? (6) 11 Current admission of paternity? (6) 14 You have to661 words
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INTERNATIONAL STOCKS
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176 1985-03-07 10 Reuter THE LONDON Stock Exchange's ruling council has nearly completed its review of new membership rules and hopes to publish its decisions by the middle of April at the latest. On this assumption, a special membership meeting to approve them will be called on JuneReuter - 176 words
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Article56 1985-03-07 10 Reuter KENNETH BERRILL, chairman of brokers Vickers da Costa, will be the first chairman of Britain's Securities and Investments Board (SIB) which regulates investment markets. The Bank of England said Mr Berrill would undertake the task of establishing the board in coming months and would assume the chairmanshipReuter - 56 words
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148 1985-03-07 10 Reuter PHILLIPS Petroleum Co would have to sell about US$2 billion in assets as a result of its new recapitalisation plan. Chairman William Douce told the reconvened annual meeting the new exchange proposal would add $4.5 billion to Phillips' debt and the company wouldReuter - 148 words
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Article57 1985-03-07 10 Reuter THE ROYAL BANK of Scotland Group PLC said its £115 million one-for-four rights issue of 56.71 new shares received acceptances amounting to 92.1 per cent of the issue. The remaining shares were sold in the market at *****/16p a share, a premium of 31.38 per cent over theReuter - 57 words
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294 1985-03-07 10 Reuter SHARE PRICES on Wall Street closed mixed on Tuesday with the broad market suffering its second straight loss while blue chips gained moderately on the strength of energy shares. The Dow Jones Industrial Average rose by 2.32 to 1,291.85. Losing issues ledReuter - 294 words
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Article104 1985-03-07 10 MAR 05 C$ Imp Oi 49 Abrtto 51* 1* Inco IB* 34 unch 38* 25* 21 26* 17* Bonk Nova Scotia M Tel 13* 39* Lobtow B 18* BP Can Ltd 27(4 26* 35* -to 30* 72 Can Prm Mg Canpoc 63* 19* Northgate Exp 4 Ponean Pet 28104 words
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Article189 1985-03-07 10 MAI 05 t0Ml Trust Bk 187 105 -3 -3 industrials A Alpho 700 Abarcom 125 unch -5 UnsK Wootworlti 465 MININGS 2270 unch -30 305 A*5c T. 2150 1600 -50 970 Buttah 6800 -75 C G Smith 1950 25 430 unch CNA 225 Com Gold 1040 35 3506 975189 words
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Article675 1985-03-07 10 MAI 05 uss ACF Industries Alcon Akjmm Aicoo Alegheny Lud Afted Cham Cp Afced Stores Afts-Chalmers Am Broods Inc Am Broodcost Am Con Co Am Cyonormd Am Eltc P*t Am Express Am Home Prod Am Motors Cp Am Natural Gos Am Tel Tel Amox Inc Amerodo Hess AMF675 words
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Article930 1985-03-07 10 Amsterdam MA* 05 Fh AflN 396 00 -2 182 50 0 5 Ahold ***** +4 Akio III 20 +0 2 AM£V ***** +24 Amtoi 74 80 0 3 Bet* 59 00 -1 Boh ***** +1 1 345 00 -3 8crr*r 9000 -1 Qatar*) 35 70 +0 2 455930 words
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Page 10 Advertisements
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Advertisement101 1985-03-07 10 -V: »i f d! s* riseSS »w a p« -*4:4 (iiiK ii m IS ifsS> TUt. \'AbIMiSSMANS I.UNO I WITH A ll XJCHC mwai n, Pfec V 7 .A S* rs v I LrGourmet This sophisticated softly-lit French restaurant boasts a set lunch that's perfect for creating an impression. With101 words
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Advertisement126 1985-03-07 10 your very own retreat 4 f <• Ir Y'/\ At Scotts Cafe, we serve all your tastebuds' fancies from delicious Western cuisine to mouth-watering Oriental dishes. Set in an intimate atmosphere surrounded by red brick walls, wrought-iron lamps and lush greenery. HOTEL ASM Your friend In Singapore HOTEL ASIA PTE126 words
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Advertisement68 1985-03-07 10 0 erraee Gardeq Time: 12 noon 2.30 pm Price: $12.00~ Fashion Show: 1.15 pm Models: fllKtfi/alon Modeling Agency ciothes Nouvelle Creations PRESIDENT MERLIN HOTEL SINGAPORE V/ 181. Kitchener Road.Singapore 0620■ Tel: *****22 L Daily new Businessmen's Lunch at only $12.50 Today: Cream Andalouse Roast Loin of Lamb Fresh Vegetables Croquette68 words
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Advertisement144 1985-03-07 10 SSS V ce Spring Palace Chinese Restaurant Supert) Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. special business lunch at $16 +f each and $20 each (min. 2 persons). Over 50 a la carte specialities are also available. SINGAPORE HOTEL 10 Eu Tong Sen Street.144 words
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Advertisement142 1985-03-07 10 London stocks, Pago 14 M 4 e, V fc 8 Lounge Sip a glass of the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with versatile quartet, Body M Soul from Philippines. They'll captivate you! Happy Ikmre* Spa Ipm. 25% off142 words
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ASIAN STOCKS
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Article339 1985-03-07 11 HONGKONG: Share prices closed higher in active trading yesterday, aided by a late round of bargain hunting. The Hang Seng Index opened lower but reversed direction by mid-morning and finished up 15.34 points to 1,383.28. Turnover was HK5699.41 million during the halfday session compared with $326.71 million for Tuesday's339 words
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Article221 1985-03-07 11 MA* 06 A1 Sincere Mm MT$ 4.23 24 40 0 2 +0.7 Lien Hwa Indus Nan Yo Plos Pocittc Com Pacific Elact Wra 1250 30 30 2450 1850 035 0.6 4.4 06 26 70 03 1 43 0.01 SI SO +0 5 1750 0 6 1980 0.5 Sfthlin Poof221 words
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Article334 1985-03-07 11 TOKYO: Late advances by some pharmaceuticals yesterday pushed up the market average which ended at the day's high of 12,498.67, up 22.29 from Tuesday's close. The average lost 32.63 on Tuesday. Turnover was a moderate 450 million shares against 400 million on Tuesday. The Stock Exchange Index rose 4.24334 words
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Article115 1985-03-07 11 MANILA: Share prices closed little changed in quiet trading yesterday. The Mining Index rose to 704.66 from 703.71 while the Commercial A Industrial Index was unchanged at 116.98 and the Oils Index was unchanged at 0.588. MAR 06 Moriteel 0.0014 unch Oriental B Acoje Mining 0 0014 iSKh Phrfex115 words
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Article323 1985-03-07 11 SYDNEY: Share markets closed slightly easier yesterday but brokers said the underlying sentiment was still good. Near the close, the All Ordinaries Index was down 0.2 at 797.7, the All Industrials Index was off 0.5 at 1,176.6 and the All Resources Index was 0.1 easier at 505.7. National turnover323 words
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Article154 1985-03-07 11 BANGKOK: Stock prices closed a two-hour trading session lower yesterday with turnover increasing to 306,267 shares from Monday's 70,936. The Book Club Index eased 0.10 point to 125.25 with 14 declines against nine advances. Trading centred on Siam City Cement, which will close its register for dividend payment March154 words
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Article80 1985-03-07 11 Mor 6 Bonk Seoul Won 600 +8 Hyundai Const Hyundai Motor KAl 905 562 559 uncti 3 -3 Choheung Bk Cotwmor ool Bk Doetm Ind 596 640 461 unch latch •11 Korea Fir*t Korea 01 Korea Sho 642 1820 369 28 -11 •I 449 1 655 -5 541 <80 words
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Article42 1985-03-07 11 Reuter BRITOIL PLC said preliminary testing results on the completion of the first of a four-well exploration programme on the Kangean block, about 129 kilometres north of the Indonesian island of Bali, were encouraging. Further research is being undertaken.Reuter - 42 words
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427 1985-03-07 11 Bernama THE MALAYSIAN National Electricity Board (NEB) is expected to spend from Ms 2 billion to $2.5 billion annually on capital development from now until the year 2000. The board's general manager, Mohamed Jalaluddin Zainuddin, said the demand on capital resources to meetBernama - 427 words
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89 1985-03-07 11 AFP WIMPEY International is entering into a construction partnership with Sabah Shipyard on Labuan island in Malaysia. Wimpey International, part of George Wimpey which is one of the biggest construction groups in Britain, will be operating with Sabah Shipyard under the title "Saship Wimpey Joint venture".AFP - 89 words
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Page 11 Advertisements
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Advertisement714 1985-03-07 11 illie BEEFEATER TODAY'S SPECIAL A $lsM+ M 13 05-03 Liat Towers. Orchard Road Tel *****25 Open daily 12pm to Midnight Take a Lift or Drive up to Level 5 and walk right in B nmmtmjw, ur m Vi y -«.v... v-fTfi vr> ■y* ■s&&m IK A i FOR FURTHER INFORMATION714 words
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Advertisement84 1985-03-07 11 a in m M ?4 Ck i Buffet Luncheon Me ftHftrcMMS MoMMbrMTI Show Tfcnt: 1.15 pm Slws by: PaiM For reservations please call 734 6622 ext 142 19 Caimhill Circle Singapore 0922 Gggatsf restaurant u c—r* V-X--«r V' Serving a wide range of Chinese Hunan specialities in an elegant setting.84 words
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RAW MATERIALS
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Article, Illustration362 1985-03-07 12 ICO 15-day average price forecast to fall AFP A REDUCTION OF one million 60-kg bags in the International Coffee Organisation's (ICO) global export quota is likely to occur around the middle of this month, according to a review by LondonAFP - 362 words
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407 1985-03-07 12 AFP A DROP IN Kenyan and Bangladeshi tea production in 1984 was matched by sharp rises in output in India and Sri Lanka, estimates on Monday by London commodity specialists, Wilson, Smithett Co said. While Kenyan production fell 3,600 tonnesAFP - 407 words
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232 1985-03-07 12 Reuter WORLD SESAME production in the October 1984/ September 1985 season is likely to fall to 1.88 million tonnes from 2.02 million tonnes last season, the Hamburg-based newsletter Oil World said. This decline will probably result in tight world market supplies and fallingReuter - 232 words
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Article240 1985-03-07 12 SINGAPORE The market closed higher yesterday with March One RSS buyers quoted at 161.50 cents per kg, up 0.50 cent from Tuesday. The morning session gained 0.25 cent on some buying interest in quiet trading. Prices gained further ground in quiet afternoon trading on continued buying support. MALAYSIA The240 words
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Article224 1985-03-07 12 WHEAT futures on the Chicago Board of Trade closed VA US cent per bushel lower in near March to up V* in thinly traded distant December on Tuesday. Near March settled at $3.47'/«, after being held to a 2V«-cent range on the day. Traders said local shortcovering and late224 words
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Article343 1985-03-07 12 RAS prices (»s cenwv.io, fob bales) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 159 00 160 00N 160 00 161 00N kit 1 RSS Mar 85 161 25 161 75 161 50 162 00 Int 1 RSS Apr 85 168 00 168 50 168343 words
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Article111 1985-03-07 12 (cents/Ug, 1-to •.pellets) March 85 April 85 (current mth) (forward mth) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 167 00 169 00N 170 00 171 00N SSR 50 165 00 167 00N 167 00 169 00N MRELB Buyers Sellers Buyers Scll«a SMR CV 211 50111 words
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Article147 1985-03-07 12 MALAYSIAN crude palm oil prices closed higher yesterday on light covering and speculative buying interest prompted by expectations that India will be in the market again this week to seek processed palm oil. In the March position, central and south regions firmed MJ12.50 and $10 respectively to $1,260147 words
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Article242 1985-03-07 12 SOYBEAN futures on the Chicago Board of Trade closed five US cents per bushel higher in near March to Vi cent lower in distant March on Tuesday, with gains nearby prompted by professional buying and local short-covering, traders said. Near March settled at $5.71' only slightly below day's highs242 words
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Article63 1985-03-07 12 THE Kuala Lumpur Tin Market price stayed at the International Tin Agreement fleer-level price ef M 521.15 per kg yesterday. The buffer stock manager remained an active buyer, itewMag the balk ef the offering of 174 tonnes, down from 281 tonnes en Tuesday. Dealers did net detect any63 words
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Article156 1985-03-07 12 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones BKjc Phoervx 16'» 2,550 Blue Phoenix 20'» 2.750 Blue Phoenix 32'» 3,300 Blue Phoenix 40's 3,650 Carded yarn, hank Blue Phoenix 21't 3,000 Combed yarn, cones Blue Phoenix 32's 4,350 Blue Phoenix 40's 4,500 Open-end yarn Blue156 words
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Article1113 1985-03-07 12 COFFEE Robusta futures held steady in afternoon trading on Tuesday to close little changed from midday levels, with pared gains of £18 to £8 a tonne from Monday night's finish. May finished at £2,454, up £8, but below its high of £2,462. May opened at £2,450, about level1,113 words
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Article153 1985-03-07 12 Chinese Produce Exchange Robusto 20/25% FOB NSW Nutmeg 477 50 (Sellers' noon closing prices on Mor 396 00 6. S$/100k«) 110 FOB NSW E W FOB NSW 248 00 Coconut oil Gombier Bulk FOB 155 00 FOB NSW 330 00 Old drum FOB 168 00 New drum FOB153 words
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Article274 1985-03-07 12 Singapore A-l special C-l special C-l Ordinary 177 (S$/kiio, ei-godown) unq unq Thai white Loonzom 100% 100% 1st class first grade unq (kangaroo) 100% second grade 225 new crop 096 100% tfwd grade unq 100% 2nd doss 100% 3rd class 070 065 Parboiled 227 222 25% new crop B-10%274 words
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Page 12 Advertisements
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Advertisement126 1985-03-07 12 JOINT REMOVAL NOTICE SHIPPING ASSISTANCE PTE LTD IMOCONS SURVEYS SERVICES PTE LTD HINSIB REGIONAL CONSULTANTS (ASIA) PTE LTD Representative of Honduras Maritime Bureau (HMB). Regional representative of Honduras International of Naval Surveying and Inspection Bureau (Hinsib). Authorised Radio Accounting for Panama Registry. Authorised Honduras Government Surveyors. Authorised classification to issue126 words
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SHARE INFORMATION
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Article, Illustration4720 1985-03-07 13 THE SINGAPORE stock market see-sawed throughout trading yesterday due to alternating bouts of profit-taking and buying. But major market indices managed to close marginally higher on some strong buying in the late afternoon. The BT Composite Index rose 1.96 points to 754.20 while4,720 words
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Article244 1985-03-07 13 SINGAPORE RisM Indices U M Flow 790 Mmm Carp* 362 M Baakng 630 H Laaag Cra*t 590 S f TaitiU 314 MTC 71< 355 F E L*nag>taa 336 Liagai 50< 131 C iMiagi 600 OaH Da* 470 M Float 330 Matakatt 320 Falls 20 16 15 15244 words
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Article3764 1985-03-07 13 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".3,764 words
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COMPANY NEWS
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Article, Illustration798 1985-03-07 14 NAJEEB JARHOM - By NAJEEB JARHOM MALAYSIAN-BORN businessman Lee Ming Tee is certainly living up to his reputation as an overnight sensation on the Australian corporate scene. His corporate shopping spree has now taken him to Kemtron Ltd, the Australian parent of Mistral Singapore, which has798 words
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355 1985-03-07 14 CONSOLIDATED Plantations is holding an extraordinary general meeting today to seek shareholders' approval for its proposed acquisition of 51 per cent of DMIB from Dunlop Holdings. Consplant intends to acquire 153 million shares at 68 cents' each for a total of Mslo4 million355 words
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Article63 1985-03-07 14 DUNLOP HOLDINGS PLC is in an advanced stage of negotiations which may lead to the sale of its US subsidiary. Dunlop Tire ft Rubber Co Inc, to a group of US investors including local management. A company spokesman declined to say what the63 words
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149 1985-03-07 14 CEREBOS PACIFIC Ltd, the food manufacturing group, is not restricting its new catering division to Pizza Hut restaurants. The company plans to open another eating house in Singapore in a few weeks. But unlike the Pizza Hut operations which Cerebos plans to operate under149 words
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Article419 1985-03-07 14 SHARE PRICES closed mixed at the Kuala Lumpur stock market yesterday as a result of light profit-taking amid active trading. Interest was (ocussed on situational issues which posted substantial gains. Overall, most counters recorded small gains or marginal losses. Share prices opened at around419 words
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Article2298 1985-03-07 14 BID and offer prices officially 'listed and business In and reported to tbe Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lota of 14)00 units unless otherwise specified ADUS TRIALS Acm (1.856) A Choc (2 806 2 82S)2,298 words
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Article920 1985-03-07 14 EQUITIES in London opened quietly mixed yesterday but with a slightly firmer bias, reflecting Tuesday's trend on Wall Street. The FTSE 100 Index at noon GMT was up 8.7 points at 1,283.6. Midland Bank finned up lOp to 389 after it reported annual profits above market forecasts. Other920 words
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414 1985-03-07 15 TWO PROMINENT bumiputra entrepreneurs have been appointed directors of the Cycle and Carriage Bin tang board. They are Datuk Azman Hashim, executive chairman of Arafe-Mftlayrifta Development BM, and Haji Shamsuddin bin Abdul Kadir, chairman of Malayaa Cables and Sapura Holdings. Both Datuk Azman and414 words
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Article134 1985-03-07 15 per cent to 48.02 per cent. ENDIRI Sdn Bhd has received acceptances representing 38.72 per cent of the equity of M*Uyrfaa CMtainer (1174) Bhd at the close of its cash offer for the company. Together with the 15 per cent of the equity which Endiri had acquired from134 words
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949 1985-03-07 15 NAJEEB JARHOM - By NAJEEB JARHOM AS INVESTORS await the release in the next few days of results from three Malaysianbased market leaders Sime Darby, Consolidated Plantations and Promet opinions are divided over how the companies might have performed. However, most analysts spoken to by949 words
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403 1985-03-07 15 ASIA MOTOR Company, which assembles and distributes the Mazda line of vehicles in Malaysia, has just squeezed through the Daim freeze. Sources said the flotation of Asia Motor would be the last new issue to be offered to Malaysian investors for some time403 words
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Article98 1985-03-07 15 HONGKONG Australian Industrials Hong Seng lnd«x Wednesday 1176.7 Tuesday 1177.1 Wednesday 1383.28 Week ago 1162.7 Tuesday 1367.94 Week ago i 387.62 NEW YORK Dow Jones Tuesday 1291.85 TOKYO Monday 1289.53 Week ago 1286.11 Tokyo Dow Jones Standard and Poors Wednesday ***** 67 Tuesday *****.38 Week ago *****.38 Tuesday98 words
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Article223 1985-03-07 15 Managers' prices MARA Bumiputra for Mar 7 First B'putro 569 574 Second B'putro 512 517 Singapore Unit Trust Thed B'putro Fourth B'putro 4.10 415 4 58 4 63 The Commerce 2.29 2.42 Fifth B'putro Sixth B putro 3.10 3.15 The Savings Fund 1.59 1 69* 2.99 3 04223 words
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429 1985-03-07 15 FT DUNLOP Holdings, the UK rubber group, is in the final stages of negotiating a US$l2O million management buy-out of its US subsidiary a deal which would give the company a powerful new weapon in fighting off the £33 million bid from BTR. DunlopFT - 429 words
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293 1985-03-07 15 AMBASSADOR HOTEL Ltd, which recently sold its 20 per cent stake in Orchard Hotels, slipped into the red last year with a group pre-tax loss of $1.71 million against profits of $375,000 previously. However, a substantial profit contribution from its associated hotel293 words
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Page 14 Advertisements
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Advertisement138 1985-03-07 14 The Sumitomo Bank, Ltd SlngipofV Branch Negotiable Floating Rate U.S. Dolar Certificates of Deposit due February 29,1986 The Interest Period erf the above mentioned published the Business Times dated February 28.1985 should be from Feb 2®, IM6 to Auguet 30,1986 and not Feb 28. 1965 to August 31.1965 The Error138 words
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Page 15 Advertisements
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Advertisement16 1985-03-07 15 o r v< D to nm-toi *■<% BH It The Worlds No.l Newsmagazine Read TIME and understand.16 words
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Advertisement130 1985-03-07 15 Let Shing Loong help your business grow /> x* /Y ft 4 1- ®lSL 3 .ml Shir g Loong Finance has been selected by the Eco iomic Development Board to operate the Sms JI Industries Finance Scheme (SIFS) and the Extended Small Industries Finance Scheme (ESFS). Through these schemes, we130 words
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YESTERDAY IN PARLIAMENT
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704 1985-03-07 16 RICHARD SEAH, MONICA GWEE; CHUANG PECK MING - Reports by RICHARD SEAH, MONICA GWEE and CHUANG PECK MING DISSENT and its finer points took centre-stage in Parliament yesterday afternoon as Mr S Rajaratnam aimed his "verbal karate" blows at Mr Jek Yeun Thong for indulging in "fun-and-games" criticism of704 words
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462 1985-03-07 16 BY DESCRIBING the current economic situation as "not so gloomy after all", the government ran the danger of glossing over the real situation, Mr Tan Soo Khoon, MP for Alexandra, said. Claiming that the situation was "really very bad" and "worse than ever462 words
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413 1985-03-07 16 NEW ZEALAND remains committed to the Five Power Defence Arrangements in spite of its anti-nuclear stance. The country, which maintains a battalion of troops and some support units here, will continue to do so under the agreement. This assurance was given by Mr David413 words
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270 1985-03-07 16 UPI CHINA yesterday announced it is reducing import duties by an average of 10 per cent to boost productivity and promote modernisation. Customs officials said under the new schedules, to take effect on Sunday, import duties on microchips wouldUPI - 270 words
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202 1985-03-07 16 AFP THE HONGKONG government yesterday announced plans to sell a total of 36 sites in different parts of the colony in the next six months, compared with 25 sites for the "previous six months. Government land agent Duncan Scott-Will said the provisional land salesAFP - 202 words
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Article, Illustration246 1985-03-07 16 Bernama MALAYSIAN Finance Minister Daim Zainuddin yesterday named Malayan Banking chairman and chief executive Datuk Jaffar Hussein as the new governor of Bank Negara, the central bank of Malaysia. Datuk Jaffar, 53. succeeds Tan Sri Abdul Aziz Taha, whose resignation was also confirmedBernama - 246 words
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242 1985-03-07 16 OPPOSITION Members of Parliament speak as though they represent the majority of Singaporeans, as if they were "the people's true loud speaker." But they were not, said Mr S Rajaratnam. He said it was "a delusion of considerable magnitude" for the two242 words
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Article37 1985-03-07 16 PRESS REPORTS "have a funny way of becoming official policy in a matter of days." This remark came from Mr Tan Soo Khoon (Alexandra) when he commented on reports of impending increases in taxi fares.37 words
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453 1985-03-07 16 CONSTANT allegations by Mr Chiam See Tong that the HDB was making huge profits from the sale of flats resulted in a challenge which he termed "a most gigantic offer". To solve the dispute once and for all, the453 words
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Article62 1985-03-07 16 Reuter STOCK PRICES were mixed in early trading on Wall Street yesterday as investor caution continued. The Dow Jones industrial average was down fractionally to around 1291. Overall, gainers held a «n™ lead over losers. Volume was about eight million shares. Texas Utilities led the active list,Reuter - 62 words
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LATE FILE
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Article34 1985-03-07 16 Reuter BRITISH POLITICIAN Ivan Lawrence talked his way into the record books yesterday with the longest speech in the House of Commons this century: four hours and 23 minutes. ReuterReuter - 34 words
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Article38 1985-03-07 16 Reuter US COMMERCE Undersecretary Lionel Olmer said he is encouraged by two days of talks on US access to Japan's telecommunications market but is uncertain US demands will be fully met by April L ReuterReuter - 38 words
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Article38 1985-03-07 16 Bernama MALAYSIA'S Tunku Abdul Rahman said yesterday his general health and that of his wife Tun Sharif ah Rodziah has improved following treatment by a physiotherapist from India on the recommendation of Singapore President Devan Nair.Bernama - 38 words
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Article30 1985-03-07 16 JAPAN'S ruling and opposition parties have reached a compromise to end a dispute over tax cuts that halted parliamentary business for seven days, a parliament spokesman said.30 words
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Article52 1985-03-07 16 US Assistant State of Secretary for Asia and Pacific Affairs Paul Wolfowitz has assured Malaysia that no American arms with offensive capabilities wilil be sold to China. This assurance was conveyed to Deputy Defence Minister A bang Abu Bakar when Mr Wolowitz met paid a him a52 words
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Article32 1985-03-07 16 UPI CITING declining world market crude oil prices and a stable peso-dollar exchange rate, the Philippine government yesterday approved the second reduction in fuel prices in two months.UPI - 32 words
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Page 16 Advertisements
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Advertisement483 1985-03-07 16 IC TIMES CONFERENCES Presents THE SECOND TIMES ANNUAL CONFERENCE ON CORPORATE TAX PLANNING FOR SINGAPORE MALAYSIA >4 Al'ltlL, IHH.i 23 APRIL 1985 SIIANCiIKI-LA HOTEL, SINCiAPOKI 24 APRIL 1985 25 APRIL 1985 CHAIRMAN SMaey C Reit Stagtpire TAX PLANNING REVIEW IM4/85 SMaey C Relt Slagapere CURRENT CONCEPTS AND TECHNIQUES REGARDING INTERNATIONAL483 words
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Page 16 Miscellaneous
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Miscellaneous54 1985-03-07 16 Outlook foe todoy: Showers in several areas in tin early after noon. Report tor 24 hours prior to 7.30pm on March 6 at the oirport: Maximum temperature 29.3' Associated humidity ..73 Minimum temperature 23.3 Associated humidity 97 Hours of sunshine 0.40 RoinfoH in millimetres 8.6 RainfoH this month 33.7 Roiny54 words
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SHIPPING TIMES
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Article250 1985-03-07 17 AFP THOUGH "the worst may be over in the short term," longer term prospects for shipping rates "remain doubtful," according to London shipbrokers Eggar Forester in their latest review. Given the number of grain and coal contracts recently announced on the dry cargo market, notably SovietAFP - 250 words
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Article, Illustration350 1985-03-07 17 A BARGE fully equipped to carry and bunker several grades of marine fuel oil has joined the Shell bunkering fleet. Shell has time-char-tered the 3,600-tonne vessel for a period of two years from Neptune Shipmanagement Services Pte Ltd. Neptank 1 joined the Shell bunkering fleet on350 words
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Article677 1985-03-07 17 i Cel Shipping Line Pi Cel Afco VI 3 Frota V 1 Ahrenkiel Liner V 4 Fujrwora Line IV 5 Alpha trans VI 4 Gesuh Lloyd VI 5 Andeka Shpg VI 1 Globe Line V 2 ANL 1 1 Golden Line VI 4 APC Line V 4677 words
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PORTSIDES
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Article58 1985-03-07 17 THE MARINE Emergency Action Procedure, containing contingency plans for combatting major oil pollutions, collisions, groundings, fires and Mount Faber/Sentosa cableway emergencies, was last amended in Oct 84, and a reprint has been made. Copies of the amended edition are now on sale at the Cashier's Office, 3rd storey58 words
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Article47 1985-03-07 17 BRITISH PETROLEUM has bought two used tankers, rated 87,271 and 89,735 tons, from Sanko of Japan. It had recently purchased another used tanker. The company finds used ships are specially cheap at present, and it is switching to small and medium sized vessels47 words
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Article67 1985-03-07 17 THE Singapore Marine Department has advised shipowners to inform their masters, officers and crews that the distribution of alcholic goods in Saudi Arabia is prohibited. The reminder from the Royal Embassy of Saudi Arabia in Singapore, came after the officers of a vessel was found guilty of67 words
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Article38 1985-03-07 17 AN Argentine tanker carrying 1,200 tons of petroleum by-product burst into flames on Monday in the River Plate estuary near la plata killing five crew members andleaving one missing, a coast guard spokesman said.38 words
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771 1985-03-07 18 Fairplay A PACIFIC Transportation Conference held at Pago Pago, American Samoa late last year drew a number of specialists in South Pacific transportation, but no immediate remedies for the region's specific transportation problems. Of concern was the supply of goods to the smallerFairplay - 771 words
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185 1985-03-07 18 THE US record trade deficit in January might be a headache to the country's decision makers but it was the best news for shipping companies. A survey conducted the day after the record deficit of US$lO billion was announced by the Commerce Department showed185 words
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Article111 1985-03-07 18 IRAQ is planning to add a number of gas tankers to its existing fleet of 15 oil tankers as part of plans to boost oil and gas exports. The under-secretary at the oil ministry, Abdul Munem Al-Samarrae, said the creation of an oil tanker fleet111 words
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Article1500 1985-03-07 18 ARGENTINA Buenos Aires Feb 12th. Slack with several free berths. Only 1 vessel loading grain at the elevator k none waiting although 2 are expected. The bulk berth for loading pellets expellers is also vacant. Rosario 4 vessels in the roads with 1 grain loader alongside. Necochea 41,500 words
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Article1908 1985-03-07 18 CHARTERING was fairly quiet on the freight market on Tuesday and rates generally tended easier where changed, shipbrokers said. Grain fixing from the US Gulf to Japan received U5514.40 against $14.75 previously while $31.95 was agreed for grain from the Gulf to Matadi. In the South American grain1,908 words
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Article209 1985-03-07 19 Kingsley Wood - By Kingsley Wood THE Western Australiaowned Stateships is looking into the possibility of expanding its coastal trade to provide a direct service from Fremantle to Singapore and other main South-east Asian ports. A second study will look at the economics of giving Western Australian exports the209 words
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428 1985-03-07 19 Reuter ANALYSTS say long-term prospects for the recovery of Sanko Steamship Co Ltd are uncertain, but agree the immediate outlook remains bleak. Sanko has accumulated parent company losses of 122 billion yen, and estimates of its net loss in the year ending March 31,1965Reuter - 428 words
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193 1985-03-07 19 THE Kuwait Oil Tanker Co will convert two of its crude carriers to haul products as well as oil. It will modify the 294,739 dwt Kazimah, a very large crude carrier which was built in 1962. The 1977-built Al-Faiha has also been earmarked for193 words
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363 1985-03-07 19 THE State Railway of Thailand (SRT) is speeding up plans to launch a containerised freight train service to replace the conventional system. The SRT will invite private investors to participate in the replacement programme. "So far, a number of private363 words
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Article194 1985-03-07 19 THE MAJOR shipping consortia operating between the Far East Europe, Far East Persian Gulf. Straits ports Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits194 words
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5091 1985-03-07 24 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.5,091 words
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Article703 1985-03-07 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Tanah Air 17NB 7.3.85 2300 NAPL F07 0900-1100 G4 Or Chief 42E 8.3.85 0300 Jardine F02 0900-1000/1300-1500 G3 Khd Pakhomov 5AW/85 8.3.85 0700 S'pore Sov703 words
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Article1824 1985-03-07 25 Who acts for whom The leading shipping lines operating from loeal ports and their agents. A-B A PTC A African Shipping Agencies <S' Afro-F.srasla line Transgr°*JP (Si Abreaklel Liner Service Kim Shpg <S> Mired f Toepfer Oceanus Shipping Agen cies (Si Marintex Enterprise i PK i Alpar Inirasea (Si Bintang1,824 words
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Article490 1985-03-07 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Infra K30 Botany Bay alongside 7.3.85/0600 Kota Banteng K31 PIL alongside 73.85/1800 Raj Brooke K24E SSPL alongside 7.3.85/2300 Song Cam K20 NAPL alongside 73.85/2300 Kota Singa K32 PIL 7.3.85/0700 12.3.85/0600 Ravidas K36 R Jumbhoy 7.3.85/1500 8.3.85/2300 Stolt490 words
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Page 17 Advertisements
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Advertisement354 1985-03-07 17 1 HEUNG-A SHIPPING J Korea Flag Vste Regular Liner Semi-Container Service To: P. Kebnf/Penant Busan/Inchon Fm: Bwan/Moii S pore Afont: Neptune Afondos Pte Ltd Teh *****77 PJC. *****4, PN *****5 K.L. *****0 mm A PACIFIC Transportation Conforonco hold at Pago Pago, lata last yoar, draw a number of spocialiets in354 words
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Advertisement371 1985-03-07 17 UNITED ARAB SHIPPING CO (SAG! I'l M Sf Al OBD SHIPPING AGFNCfF S I Mgjm '0 Sh«»nton Way 04 0?C Mufinn Hoo«» S.ngapo'# T ??*****T# C*SoWic*T-PC 01 in ???IHI »nd???(*i: Tftrm-nnloM.r* TPf 01 ?<J Ti.' No ????*QO ???059.1 ■»■!.'r T r EXPRESS FULL CONTAINER SERVICE I W>M .1 \I'W T371 words
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Advertisement697 1985-03-07 17 Foreign Exchange Dealing s MAERSK LINE TTO US*. EUROPE. MIDDLE EAST. WEST AFRICA ASIA p'g" *SKATOk aosnc 1-5/3 21-21/3 22-23/3 4-4/4 5-4/4 lt-lt/4 19-21/4 2-2/5 3-4/5 14-14/5 17-14/5 34-34/5 31/5/1/4 •SACAPOK aosnc IMS *CT 13/3 2000 MRS CFS 13/3 0400 MRS 27/3 31/3 11/4 13/4 24/4 27/4 «/5 11/5 ALSO697 words
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Page 18 Advertisements
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Advertisement378 1985-03-07 18 YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Pacific South Wast Pacific North Waat Faadar at Tokyo Faodor at Koba Atlantic/Canada Faadar at Koba cloy ia m us FUNUT Mt IMnr r mom r mom j. molio L ATOLL 0 Hotter Wl J KBHU HYU6A TOKYO M IMtar HI YUMM U. TOMB kL378 words
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Advertisement269 1985-03-07 18 It Supercarrier Service I caric NEXT AMWMS. IMKI TOMSKRC 12/3. BARK* TIMS 11/3. BMKR PIRStUS 27/3. BMKR PRMM 7/4 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA lt/4 17/4 lt/4 a/4 21/4 27/4 2J/4 J/5 5/5 WWW IVS 11/9 18/5 a/5 tMn I." i ca*t tm IMa (Ml). L269 words
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Page 19 Advertisements
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Advertisement743 1985-03-07 19 QCC The Straits Steamship Group HST STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunai Ports and Bangkok Overseas Containers Limited rtCASUS Ptttt V 367* fiCASUS PROE 12-13 BANGKOK AGENTS: BORNEO AGENCIES LTD BANGKOK TEL: *****80 SWEAPOM TO SABAH. SARAWAK AW BBlfC ACCEPTS CAKO DUE SMS Also Accepting Corgo For: to Cop*rtu(«v743 words
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Advertisement619 1985-03-07 19 Franco Belgian Services wvl A tie ,-win >\jr k..s.r+~n »n4J F-Umn Hot B-Himd Art 4 Apr fApr IS> *«pr 12 Apr 14 Apr 15 «pr 1( Apr If Apr 21 Apr 22 »»r 25 Apr 27 Apr 2« Art 31 Apr «U SP CHARGFURS HAVRAISE MtDEX I <NF full cohtapo619 words
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Page 20 Advertisements
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Advertisement584 1985-03-07 20 1 Hapag-Lloyd EXPORTS TO CONTINENT/UK On carriage to Scandinavia, Med. Carribean &S. America Inland haulage to inland destinations in Europe Cauigan Bit Card** Bit Osaka Bay Osaka Bay Liverpool Bay Liverpool Bay Liverpool Bay Fra*tart Eipresi Frank furl Eipress Tokyo Bay Tokyo Bay Kit *10 Maru Mane Maru P Kelang584 words
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Advertisement296 1985-03-07 20 J/CS LINE tarn* s* a*»n»t J*. fully containerised service TO EUR Off Vl* SUEZ 1 Member ot the Ace Coworlwm EUtOPf Vl* SUEZ A Memoer ot the Ace Cwnortum PKHanf Sport HKon( Kwklmii 13 3 IS 3 19 3 ?0 3 Busjn I ok TO 23 J 28 3 30296 words
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Advertisement526 1985-03-07 20 THONG SOON AGENCIES PTE. LTD. *09-07. ROBINA HOUSE. S PORE 0106 TEL: *****88 TELEX: RS ***** BOOKING: *****56 (DIRECT LINE) SINGAPORE TO PENANG KIM SOON LI ETD DESTINATION 12 Mar Penang 19 Mar Penang SINGAPORE TO KUCHING •EQUATOR 12 Mar •EQUATOR IV In Port SINGAPORE TO SABAH PORT •BULDER M526 words
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Advertisement690 1985-03-07 20 o EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/W.MED./FE) also AcariMG cargo to 1) PROVOENCE NNARK SAVANNAH BOSTON PMLAOELPHM NOW OIK lACKSOMVR.LE MLMNGTON ETC 3) CRISTOBAL BAtBOA PANAMA CITT COLON SAN WAN J) ATLANTA CMC AGO OETROIT CaUMBUS OTHER MAMA MCROBRDGE DtSTPUTIONS ORLEANS HOUSTON MA KMCSTON n Ktimnm. 4)690 words
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Advertisement217 1985-03-07 20 US I NOSE m PORT HUANG PENANG MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Loadnc ,or B. Abbas B. Khomeini SMOSf MARITMH PTE LID TEL *****44 7 4 *****70 MAIOSf MARITIME SON BHD Ift *****2 3 MALAYSIA TRAOE 4 TRANSPORT LTD M ***** 4 6377b KYOWA217 words
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Page 21 Advertisements
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Advertisement732 1985-03-07 21 V\C PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel *****33 VESSEL KOTA SINGA KOTA PUSAKA KOTA WANGSA KOTA WUAYA KOTA SALAM KOTA JAYA VOYAGE E-SSI E-553 E-55S E-SS7 E-559 E-561 I VOYAGE EAST AFRICA/REDSEA SERVICES HONGKONG SINGAPORE LOADING FOR MUKALLA, HODEIOAH, JEDOAH, AOABA ADEN. HODEIOAH. JEDDAH,732 words
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Advertisement810 1985-03-07 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE cum FROMEUPOPE HUM B-HAVEN II DAM HA DM UK IPKEL Cardan Ba? Safed SaArd SaArt SjM SaM 11/3 Ouka by SjM SjM SjM SjM SjM 16/3 U>«pMl Bat Sated Saßtd Salad Sadtd Salad 22/3 FraMriwl Eiprns M SiM Salad Salad Saled laky*810 words
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Advertisement628 1985-03-07 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINF Fir East S'pore Service Ful C Buun VokolUßU R«6« KMteux HonftonfS pore I|Pnok (III) GOW* VI7 W 74? 27/2 20/2 3/3 5/3 1/3 »/3 isiittsw'r. afr.ir.u liui WEST BOUND Spot Tdbury Aimttrdjan HW| 5/4 1/4 11/4 fUOBMC 912/3 5/4 1/4 11/4 17/4 (SAMUKM) B**B UU*H628 words
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Advertisement525 1985-03-07 21 BOUSTEAD SHIPPING AGENCIES m BURMA FIVE STAR (Burmese National Line) Loadng for Rangoon Spore Myoma ywa VSS In Pt/8 Mar Htoneywa V2OO Phashwetyawywa V 251 11/13 Mar Pa-an VSI 20/23 Mar 10/11 Mar LA BANK LINE AMER SERVICE TO UK/CONT SPORE R'DAM HULL HMBG MEADOWBANK Sailed 1 Apr 5 Apr525 words
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Page 22 Advertisements
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Advertisement1343 1985-03-07 22 *I Kline ECUADOR/PERU/CHILE FEEKR VSI MOTHER VSI SPORE MONTE RUBY V 27 SEA EXPORTER VMI6 6 Ma. V*b md KAWASAKI KISEN KAISHA, LTD. PtUG PUG SPORE NAGOYA GUAYAGI* CAIUO ARICA IQUQUE AFAGASTA S ANTOMO VALPARAISO 7 Mai 9 Mar 10 Mar 21 Mar 2b Apr 29 Apr 3 May 41,343 words
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Advertisement629 1985-03-07 22 u a CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE ludd.ni; tor lOS ANCHFS SAN fRANCISCO SFATIU tACOMA VANCOUVFR BC Angling FCI FCI Container!. AUSTRALIA EXPRESS CONTAINER SERVICE A<tn>'n FC4 fCI C RAVIOAS S fc Mr I f Mr VISHVA MUMUOI lg M.„ RAMOAS 75 76 M,,' 71 ?8 Mr HAHIRPAS629 words
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Advertisement485 1985-03-07 22 SANKO ASIA LINE} FROM JARANCSC RORTS ANO HO HO KONG Attn! S«ifaparc Cf Sharp 1 U P»« lid T« *****72 fori KHanf I ANAS Sharp Sdn BM Tel 3M104 3*1345 r«MH( IMUS Sharp S4r BM TO *****5 3479W GEWIAI SUtttr FOB (i) OCtMI «A«eO«l ribiMir 12 Jl5 NO FURTHER SURVM485 words
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Advertisement549 1985-03-07 22 INTRASEA (PTE) LTD 10 Anson Road »27 16 International P'a/a Singapore 0207 Tel *****1 1 (1 0 Lines) o BREAKBULK SERVICE TO EUROPE/UK S pore P I o»dr>i tor: SAN EDUARDO *****02 hi fort 12/3 ROTT/ANT/M.K (AVON) PS SEAWOOD AND R.M.Z. S pore PKetang Loadnc tor: ALE* 1/4 Jeddah 'Motif549 words
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Page 23 Advertisements
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Advertisement552 1985-03-07 23 I, NOL NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): S S BRIDGE 49* K JACEJIN 28ii TW BRIDGE 24N C CONTAINER 29*.. HK CONTAINER 44* Also accepting cargo to/from Scandinavia SS BRIDGE S pore Closing Times: FCL Cargo 0600 10/3 LCI Cargo 1800 9/3 FROM EUROPE (VIA SUEZ) TO552 words
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Advertisement475 1985-03-07 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON SPfWI *(.INIS Nf PtUNt AGfNCKS PTt UD Tel *****77 ?78«>4}4 Booking 7MO ??1?0?? < Operations I ??09?84 (letrranjl) ??o?4*>o ??0.">04 (CFSI Mil mi« X.INIS lUNAS SHIA SON BHO Kl IH *****0 414?44 PK I*l 389SM PfN475 words
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Advertisement836 1985-03-07 23 Oil NOW V SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SMSOV BUHOMG 55, Market Street Sinfapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SIKSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG M/S SHARKAT NAN SOON SON BHD IST AND 2ND FLOOR NO 1 IAIAN CEMPENtNG POPT836 words
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Advertisement47 1985-03-07 23 SIM SWEE JOO SHIPPING SDN BHD EXPRESS TO BINTULU P. Keianf Penjnf Loadnt SWEE LONG SATU Woy 71 Part BrhAi Mn CONTAINERISED SERVICE RMMN JAVA 44 In P«rt Kudwf Sbu. BrMu Mn Agents: JAMB A TAN MERAH SDN. BHD. P. Kelang: *****6/7 K.L. *****7 *****1 Penang *****47 words
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Page 24 Advertisements
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Advertisement629 1985-03-07 24 HINOPE KISENI CO .LTD I I.TR HKW LIFT < \KKII K SINGAPORE ISLANDS LINE loadnc tar Pt. Louis. Reunion. Tamatava. ftrtan, Mombasu. Daressalam DSR-UIM VEB DEUTfRACHT/SEEREEDEREI ROSTOCK FORTNGHTLY FULL CONTMNER SERVICE TO EUROPE STORE ANTMERP POTSDAM 2/B5 22 Mar 15 Ap anMTSOMU 3/15 27 Ifaf 20 Ap SONDERSMAUSEN 2/15 17629 words
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Page 24 Miscellaneous
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Miscellaneous154 1985-03-07 24 ;t/ y/p 1 Regional weather ®v 4/^ ft <^J> /J y 17 Yi t bH v tV.^ *«efy c CT'" Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND• K Thunderstorm Temperature °C Showr Weather Wind direction with speed in154 words
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Page 25 Advertisements
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Advertisement42 1985-03-07 25 NSC MENCES K. LUMPUR P. KELANG mmsMmd P. GUDANG J. BMMMI SPORE 42SM0/*****6/*****5/*****3 *****1/4 TBMNAL 3M3SI/2 *****/*****/*****/***** *****3/*****5/*****1/*****0 22SKS/*****1/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE STRAITS/TAIWAN/JAPAN CONTAINER SERVICE nzzE EIMMM BMBBUMiiIIBIBWIIBWBHBBW S E A./AUSTRALIA CONTAINER SERVICE PFNINSULAR-SABAH/SARAWAK/BRUNEI SERVICES 11.3 112.3 I 1.3 11342 words
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Advertisement187 1985-03-07 25 ";\(&\&)^-<.^|},>\,{|^.>(_+/*][ Scan Dutch V To Europe (Med/UK/NC/Scan) If V 4) GOTHENBURG 1) MARSEILLES 12) HOTTIHDAM MOTHER ACCEPTMG/SMJNG Nrf»n N Depma B Suna To Red Sea Mediterranean From Europe From Red Sea/Med. MOTHER VESftEL N o|«ma B Suru ScUndu N Houtman FEEDER PENANG Also Accepting To: (I) Borcelono, Genoa, Bilbao, Leghorn187 words
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Page 26 Advertisements
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Advertisement286 1985-03-07 26 PERKjN^^STORE/ ODRWIN/PNG BROOME SUBJECT MUCEMEIIT KSSEL ETA S'pwt AcceplN c*|i far OCEAN TIMER 21 Birata. Nrt Mm**. LM. VMM munrr 7t TWO AHtADU DIRECT SERVICE TO DARWIN «S1 ETA/FTO STORE ETA DARfRN FIANCES BAT WT-41 1/11 Mm 2D FIANCES BAT DBM2 IV" Apr 25 Apr FIANCES BAT WT43 23 Mr286 words
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Advertisement329 1985-03-07 26 MitsciOSK Lines Ltd CONVENTIONAL/SEMI-CONTAINER AFRICA'S w^NO HEROINAE 14 Mar Mombasa. Dareasalaam, Beira. Tamatave ALTAI MARU 19 Mar Mombasa. Dareasaiaam GLORIA PEAK 25 Mar Port Louis, Reunion EARNEST VENTURE 8 Apr Monrovia, Abidjan. Lome. Apapa. Douaia, Tema Also Accepting Contrs to NOUAKCHOTT CAPE VERT, BANJUR N. CONAKRY WITH TRANSHIPMENT OSAKA MARU*329 words
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