The Business Times, 29 April 1985
1985-04-29
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The Business Times
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Title Section12 1985-04-29 1 BUSINESS TIMES M.C. (P) No. 99/1/85 MONDAY, APRIL 29, 1985 60 CENTS12 words
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391 1985-04-29 1 TAT LEE BANK has turned in the worst results for the 1984 financial year among the six publicly-listed banks. But shareholders are still getting an unchanged first and final dividend of 9 per cent less tax on the enlarged capital of 109.2 million391 words
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466 1985-04-29 1 LOH HUI YIN - Cost-cutting exercise scraps original expansion plans By LOH HUI YIN YET ANOTHER SHIPYARD has returned a plot of land to the Jurong Town Corporation as part of a cost-cutting exercise. Jurong Shipyard has returned about 16 hectares of unused land next to its466 words
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416 1985-04-29 1 THE SINGAPORE government is tops when it comes to pushing for skills training, says Mr Ng Pock Too, political secretary to the Prime Minister. Comparing Singapore with Japan, which produces a highly skilled and technology-oriented workforce, he says that the cost of416 words
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Article129 1985-04-29 1 OVERSEA-Chinese Banking Corporation will lower its prime lending rate by one-quarter percentage point to 8 per cent today, a level last quoted by banks in Singapore in July 1979. The move, announced during the weekend, follows a similar quarter-point cut to 8.25 per cent by129 words
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52 1985-04-29 1 THE SCIENCE COUNCIL has approved more than $3 million for five new research and development projects. A council spokesman said four of the five projects involve biotechnology. The success of these projects will introduce new technologies in the fields of bio-medicine, food processing, agriculture52 words
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Article, Illustration367 1985-04-29 1 SOH TIANG KENG - By SOH TIANG KENG Banking Correspondent STANDARD CHARTERED BANK plans to introduce currency options in Singapore dollars and Future Rate Agreements (FRA) in the local market later this year. Mr Paul Bolton, the chief corporate dealer and deputy manager (treasury)367 words
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328 1985-04-29 1 Agencies CHIEF MINISTER Datuk Joseph Pairin Kitingan warned that those who had taken loans from state-owned financial institutions and banks would have to repay them according to their loan conditions, failing which the law would take its course of action. Speaking to newsmen on hisAgencies - 328 words
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134 1985-04-29 1 AFP CHINA will soon decide on whether to allow foreign insurance companies to set up branches in the country's Special Economic Zones. Song Guohua, deputy director of the People's Insurance Company, said in Hongkong that such a move wouldAFP - 134 words
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Page 1 Advertisements
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Advertisement143 1985-04-29 1 Call Wayfoong at 737-7977 for a fast decision on your loan Wayloong Mortgage and Finance (S) LW A *no«y owned suDs»diary ot Hongkong Bank 6 Claymore Hi* *03-00 Claymore Plaw Singapore 0922 A.P. No. 0048, This personal screen-size Trinitron is Sony's latest addition to its SBCTEXT lineup. It has super143 words
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Advertisement371 1985-04-29 1 Compared witlrsOrfte of the other European troupes that have appeared in Singapore, the Royal Danish Ballet was a bit too tame and lacked polish, but there were still some bright moments of good dancing. LISA LEE reviews. Pag« 9 Talented child violinist Li Jia exuded poise and confidence at the371 words
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Advertisement161 1985-04-29 1 ComputerAsiaBs 14-17 August World Trade Centre Singapore Exhibition Sprvices Pte Ltd Tel *****47 Telex RS ***** SHMGEX What you missed... If you did riot read BT on Saturday, you would not know that Chemical Bank's top fund manager has left his post. and you would also have missed CHARTPOINT Hock161 words
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MANAGEMENT
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Article, Illustration890 1985-04-29 2 TSANG SAU YIN - Direct mail, telephone pitches, catalogues a marketer tells how By TSANG SAU YIN Management Correapondent IT IS HAPPENING in the US and it is happening in Singapore, the difference being a matter of degree. Two-income households and a growing number of women in the labour force890 words
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627 1985-04-29 2 SARAH STIANSEN - By SARAH STIANSEN UPI MAILBOXES and newspapers in the US are becoming more crammed than ever these days with coupons offering bargains on everything from artichokes to zithers. Stepped-up couponing campaigns are just one way marketers are scurrying to catch up with changing shopping trends.UPI - 627 words
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338 1985-04-29 2 IT IS NOT OFTEN that you get the chance to pit your skills against others in a boardroom situation, making balanced decisions under pressure and yet come out smiling if the decisions prove disastrous. You only lose out in a game called338 words
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FRONTIERS
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Article369 1985-04-29 3 LEE HAN SHIH - Compiled by LEE HAN SHIH LIVING under water like a fish has long been a dream of man. Now a Japanese company is taking a step towards making that dream come true. Fuji Systems Co, a young company in Tokyo, is developing an artificial gill369 words
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Article62 1985-04-29 3 IRAN has discovered 5,000 tonnes of high-grade uranium ore. The country's Atomic Energy Organisation has confirmed the scale of the reserves, some three years after the initial discovery. The head of the organisation, Reza Amrollahi, said that the deposits in the Saghand region of central Iran would be62 words
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Article105 1985-04-29 3 PROBLEMS about toilets keep croping up in the most unexpected places. The American space programme was believed to have spent at least US$l2 million developing an all-purpose toilet for the shuttle and it is now Australians' turn to face the issue of the Antarctic flush. Indeed,105 words
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Article705 1985-04-29 3 BRIAN GROOM - Renewed interest in ideas that run counter to the Taylor theory By BRIAN GROOM FT THE PATTERN of industrial work for the 20th century was initially set by Frederick Taylor, the American engineer who just before the 1914-18 war founded the "scientific" school of management.FT - 705 words
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Article, Illustration644 1985-04-29 3 FT VOLVO's Kalmar works in south-east Sweden has been a flagship for the quality of working life movement since it opened in 1974. For the first time since Henry Ford devised the classical production line, a car plant was designed without a moving line for finalFT - 644 words
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Page 2 Advertisements
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Advertisement103 1985-04-29 2 IDENTITY CENTRAL LOCATION CONVENIENCE COMFORT QUALITY IN DESIGN MAINTENANCE u* r*. Joint Sole Leasing Agents mm mnll: j OCBC Centre Pte Ltd Tel 917-222 Jones Lang W@m IntriiMtMwl Real Extatr ConmllMU Tel 532-3888 MltU Maxims Plat du Jour. V ir v A *> v i v-J X <v Welcome to103 words
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Advertisement312 1985-04-29 2 National 1985 Make the right business moves and win more than $10,000 worth of prizes! It's invaluable management training with a lot of excitement. The National Management Game puts competing teams in a simulated business environment. Each team acts as a 'company' to make decisions to steer the company to312 words
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Page 3 Advertisements
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Advertisement262 1985-04-29 3 Your seat request form in Business Class is now good for all Swissair destinations, and so of course for those in Europe. n To: Miss/Mrs./Mr. ~i In booking my flight please arrange for: Window seat. Aisle seat. L Smoking compartment. Non-smoking compartment. LI Swissair has a good reason for giving262 words
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Advertisement287 1985-04-29 3 PHILIPS PHILIPS A mmSL t With the Philips Pocket Memos9s, you can record your thoughts even when m 0 your hands are tied. When you're busy drafting a blueprint, or attending a business lunch, or sitting in a traffic jam, some of your best ideas and observations come to mind287 words
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BANKING AND FINANCE
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416 1985-04-29 4 Reuter NATIONAL Commercial Bank of Saudi Arabia (NCB) has dropped its opposition to a US$lO billion financing package for the Philippines. A senior US banker said the Saudi bank, after weeks of delicate negotiations, had agreed to join the package "with no strings attached". AReuter - 416 words
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Article126 1985-04-29 4 UPI THE CHAIRMAN of the US Federal Reserve Board, Paul Volcker, has said he sees no prospects for new massive loans from Western creditors to developing countries. Mr Volcker, who was holidaing in Mexico, said last Friday he hoped private commercial deals would pick upUPI - 126 words
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Article337 1985-04-29 4 Reuter THE FEDERAL Home Loan Bank Board (FHLBB) is developing a plan to buttress a weakened thrift industry, shaken by the temporary shutdown of 70 Ohio institutions and major losses because of the failure of government securities trading houses. 1 A bank board official saidReuter - 337 words
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Article92 1985-04-29 4 Reuter SOME preliminary surveys of bank deposits are pointing to a surge in US M-1 money supply to be reported on Thursday of US$4 billion or $5 billion. The projected increase, for the week ended April 22, would be largely technical. Taxpayers funnelled moneyReuter - 92 words
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Article331 1985-04-29 4 Reuter JAPANESE companies are postponing launching new convertible Eurobonds until the volatile Tokyo stock market settles down. Syndicate managers say this has affected the whole convertible market, particularly the new Euroyen sector, where prices of bonds launched in the first week of April fell byReuter - 331 words
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MONEY AND EXCHANGES
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Article221 1985-04-29 4 TRADING on the world currency markets last week was clearly marked by the unexpected but impressive recovery of the US dollar. In the course of its rise, the dollar broke through the Swiss franc 2.60 barrier. Only the yen among the major currencies was partially successful in defending221 words
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Article134 1985-04-29 4 GOLD AND CURRENCY futures suffered last week because of the dollar's turnaround. June D-mark fell 173 points during the week to settle at 3200. June yen was more resilient, losing only 94 points to close at 3961 in Chicago. June gold gave up $6.10 closing on the134 words
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Article177 1985-04-29 4 OCBC THE AMERICAN currency staged a spectacular recovery last week after recent lows. The US/Singapore dollar closed at 2.2290/10 compared to its opening at 2.1990/05. It traded between a high of 2.2400 and a low of 2.1955. The D-mark opened strong against the USOCBC - 177 words
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Article, Illustration487 1985-04-29 4 MNCATES th* tf th» www lendint raits of 12 mijw banks opcratn( in Sntaparc PLR of banks at the close of business on Friday, April 26 as supplied by the Association of Banks in Singapore. BANK PLR Aigemene Bank 9 V* American Express 9V« Am'Dam R'terdom Bank487 words
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Article33 1985-04-29 4 The range of coll rates for the week ended Friday.Apr 26: Bonk fund 4 to 5.3 General fund 4 to 5.35 $m Movements of funds 2,045 Source: Short Dopositt (M) Bhd33 words
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278 1985-04-29 4 Commercial Discount Co Ltd THE domestic interbank market remained generally liquid last week with overnight funds traded on either side of 4 per cent. On Wednesday however, unexpected short-coverings lifted rates momentarily to 5*4 5 Vi per cent but soon settled to close for the weekCommercial Discount Co Ltd - 278 words
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Article56 1985-04-29 4 Reuter THE management group for a 10-year US$4OO million multi-option credit for Indonesia has been formed. Lead manager Chemical Asia Ltd said a total of 21 financial institutions were in the group. Other lead managers were Bank of Tokyo Ltd, Citicorp International Ltd and Morgan GuarantyReuter - 56 words
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Article270 1985-04-29 4 Asian market ASIAN currency average deposit rates for the week ended Apr 26 BIO PRICES High Low US 7 days 1 month 2 months 3 months 6 months 9 months 12 months 8 5/16 8 3/16 8 5/16 8 3/16 8 7/16 8 5/16 8 9/16 8 7/16 8 7/8270 words
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Page 4 Advertisements
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Advertisement241 1985-04-29 4 t-V> Uf. J* How to enjoy the great outdoors indoors. r -i i *V*o VVJ s *:W t 'v -r#* 'i V -i-%' A* o+i. ,r* #v f£' r <CW<)Vr W¥* l -> -■*>-«• i v V 1:- f. -i* .4«••:•. V .I.' •«>»** ~xj. < A./IMM v.. r *.<«.•«241 words
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Advertisement257 1985-04-29 4 International Shipping Group Marketing Manager Around $65,000 Our client is a well-established and reputable group of companies engaged in diversified activities which include container shipping, trading of bulkcarriers/tankers, offshore drilling and ship management. Singapore is the Group's focal point for its activities in Asia. A Marketing Manager is sought to257 words
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OVERSEAS
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388 1985-04-29 5 AFP DEVELOPING countries must find additional financial and technical assistance for the exploitation of their oil resources, the head of the Greek state petroleum company said. Prokopis Sivenas was speaking on the final day of a United Nations-sponsored symposium in Athens last FridayAFP - 388 words
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86 1985-04-29 5 AP CHINA has announced a hefty 10 to 15 per cent surcharge on new motor vehicles from May 1 to finance urgently needed highway construction. Wang Zhanyi, the Vice-Minis-ter of Communications, said a surcharge of 15 per cent would be imposedAP - 86 words
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Article69 1985-04-29 5 AFP PRESIDENT Marcos says interest rates in the Philippines declined substantially in the first quarto* this year because of his government's anti-inflationary programme. Philippine officials quoted Mr Marcos as saying that the Manila reference rate, the interest rate benchmark used by the local banking system,AFP - 69 words
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295 1985-04-29 5 AFP THREE MORE financial officials have been charged with covering up illegal loan operations of a private bank in connection with Taiwan's worst business scandal. The three were accused of covering up illegal loan operations of the Tenth Credit Cooperative (TCC), the privateAFP - 295 words
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223 1985-04-29 5 Bernama SABAH Chief Minister Datuk Joseph Pairin Kitingansays his new Parti Bersatu Sabah (PBS) administration will adopt an "open-minded" economic policy and concentrate on correcting the economic "wastage and neglect" in the state. Speaking at a press conference after calling on Acting PrimeBernama - 223 words
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Article87 1985-04-29 5 AFP THE HONGKONG government is determined to stamp out the making and trading of counterfeit goods in the territory. In the first quarter of this year, customs officials seized fake products worth HK$4 million, said John Howard, head of the Customs Excise Department'sAFP - 87 words
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522 1985-04-29 5 Agencies JAPANESE Prime Minister Yasuhiro Nakasone has called on western industrial powers to consolidate further their unity at this week's economic summit in Bonn. Mr Nakasone told Japanese reporters in Tokyo that he would take the opportunity at Bonn to press for an openingAgencies - 522 words
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243 1985-04-29 5 UPI SOUTH KOREAN President Chun Doo Hwan, reassured of continued US military support after talks with President Reagan, arrived in Hawaii last Saturday for an overnight stopover before returning home. Mr Chun, accompanied by his wife and an 18-member official entourage, was to restUPI - 243 words
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431 1985-04-29 6 IMF forecast for this year and the next AP INDUSTRIAL countries, coming off their best economic performance since 1976, will enjoy moderate growth this year and the next. The International Monetary Fund, in its annual assessment of" world economic prospects, forecast economic growth in theAP - 431 words
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200 1985-04-29 6 NYT SENATOR Bob Dole, the majority leader, said on Saturday that President Reagan should seriously consider imposing a trade embargo on Nicaragua. The US, he said, bought a major portion of Nicaragua's banana and coffee crops. If Nicaragua continued to rebuff President Reagan'sNYT - 200 words
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Article, Illustration239 1985-04-29 6 AP TWENTY-THREE former world leaders warned that the US budget deficit must be cut to avert an international economic crisis and urged Washington and Moscow to find common ground on environmental and other issues even if they could not agree onAP; AP Picture - 239 words
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390 1985-04-29 6 Agencies PRESIDENT REAGAN said he would emphasise "the fruit of open and free exchange" between democracies during his trip to the economic summit in Bonn this week. In his weekly radio address from the Oval Office on Saturday, Reagan compared his economicAgencies - 390 words
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Article133 1985-04-29 6 Reuter BRITISH CHANCELLOR of the Exchequer Nigel Lawson said European governments should resist pressure to adopt a reflationary policy at this week's economic summit in Bonn. In a speech to businessmen in Plymouth on Friday, he warned Europe and Japan against boosting public sector spending toReuter - 133 words
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232 1985-04-29 6 Reuter PRESIDENT Reagan has told two European newspapers he is willing to meet Soviet leader Mikhail Gorbachev at the UN General Assembly meeting in New York in September. In an interview published on Saturday, Reagan told an Italian financial daily: "I am certainlyReuter - 232 words
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154 1985-04-29 6 AFP A WITHDRAWAL of US investment from South Africa would, contrary to the Reagan administration's assertion, hit whites there harder than the majority blacks. Mr Oliver Tambo, the president of the outlawed African National Congress movement, said whites who were the skilled workers wouldAFP - 154 words
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Article248 1985-04-29 6 Reuter ARGENTINA'S worst mental-hospital fire killed at least 79 people and police said the death toll could rise because some of the 247 injured were badly burned. Police investigating the blaze which gutted all six floors of the privatelyowned Saint Emilien Hospital in north-eastReuter - 248 words
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WORLD IN BRIEF
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Article60 1985-04-29 6 JAPANESE Prime Minister Yasuhiro Nakasone will visit Thailand next month following a pledge by Foreign Minister Shintaro Abe to reconsider a tariff reduction on key Thai imports. Thai Foreign Minister Sithi Sawetasila said on Saturday a Japanese delegation led by Mr Nakasone was due in Bangkok in60 words
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Article70 1985-04-29 6 THE SENATE last Friday confirmed US Trade Representative Bill Brock as Labour Secretary by voice vote after a brief debate. Mr Brock, 54, replaces Raymond Donovan, who resigned last month because of an indictment on charges of fraud and larceny in his previous job as the vice-president70 words
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Article32 1985-04-29 6 THE WHITE HOUSE has announced the nomination of William Andreas Brown, Deputy Assistant Secretary of State for East Asian and Pacific Affairs, as the new US ambassador to Thailand.32 words
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Article57 1985-04-29 6 THE US embassy in Islamabad yes- terday denied a report that Washington might supply Pakistan with nuclear power reactors to avert a nuclear arms race on the subcontinent. "It's absolutely untrue. It's 180 degrees away from the real policy," an embassy spokesman said when asked about a57 words
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Article55 1985-04-29 6 STUDENTS entering government primary and secondary schools in Indonesia will be required to sign forms stating they will attend compulsory religious courses. The regulation, signed in Jakarta on Saturday by Minister of Education Nugroho Notosusanto and Religious Affairs Minister Munawir Sjadzali, does not apply to private schools and55 words
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Article63 1985-04-29 6 Agencies A BOMB planted beneath a stolen car exploded in Paris on Saturday, damaging the entrance and smashing windows of the European headquarters of the International Monetary Fund and World Bank. Police said no one claimed responsibility for the blast. A passerby was hurt and sentAgencies - 63 words
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Article755 1985-04-29 6 ARRIVALS Operator Service Local From number time MAS MH81I 0940 PEN sv SV378 0940 JED/RUH CAL CI806 0945 HLP RBA BI421 1000 BWN SIA SQ103 1005 KUL CPA CX710 1030 HLP GIA GA960 1100 CGK SIA SQI05 1120 KUL SIA SQ20I 1145 BLP THAI TG403 1155 BKK MAS755 words
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230 1985-04-29 6 AFP THE US responded coldly on Saturday to Soviet leader Mikhail Gorbachev's suggestion that both superpowers reduce their strategic missile arsenals by 25 per cent. Although Mr Gorbachev was repeating an earlier Soviet proposal, he made his offer conditional on USAFP - 230 words
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Page 5 Advertisements
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Advertisement178 1985-04-29 5 Rank hath its privileges, A nonymous The most comfortable chair in the house. The newspaper, fresh and uncrumpled, before anyone else. Speaking without interruption. Occasionally being wrong, without anyone drawing attention to the feet. Repeating the same joke, and still having it laughed at anyway. Not having to check your178 words
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Page 5 Miscellaneous
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Miscellaneous57 1985-04-29 5 Doonesbury OKAY, KJPS. THISIS&NKJ& ANP FUP- TOPS &6SCENB m \s i u v.vv i fid m W I ft ft £E2n, I THINK eSR&B 59 *T WSONTUt SCJENS* K EP^L wggi BY GARRY TRUDEAU z 0 2 si 22 »*> 1 ir j i UH..RJ6HT. HOUJ.BUm, DOHTMB VOUR SHOOS UNTIL57 words
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Page 6 Advertisements
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Advertisement299 1985-04-29 6 ft i I i 1 For Good Grooming Good grooming advice can only come from experts like Ermenegildo Zegna. Ermenegildo Zegna has a team of designers and fashion consultants to research into the latest trends and feature them in their annual catalogues of finest men's fabrics. To combine the superb299 words
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Advertisement24 1985-04-29 6 /W1 »v\\ P.in Am h Flving From Singapore To Hong Kong. Tokvo, Los Angeles, Honolulu San Francisco \ew V>rk For Updated Information, Call *****1124 words
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WORLD BACKGROUND
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505 1985-04-29 7 AFP DISTURBANCES in South Africa's black townships are worsening the country's already depressed economy by discouraging investment, according to an economists' report just out. In the "Outlook for 1985" report published by the University of Stellenbosch Economic Research Bureau, the experts predictAFP - 505 words
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588 1985-04-29 7 AFP THE CASTE WAR in India's West Coast state of Gujarat has sharpened but Prime Minister Rajiv Gandhi is anxious to avoid a political crisis there. Two months ago, a non-vio-lent campaign of protests and demonstrations by upper-caste Hindus began against the specialAFP - 588 words
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Article, Illustration610 1985-04-29 7 Reuter AFP IN THE 10 YEARS since Hanoi's troops entered Saigon on April 30, 1975, the world has become accustomed to the tragedy of "boat people" braving the elements to flee Vietnam by sea. And although the human wave has slowed, at least 3,500Reuter; AFP - 610 words
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Page 7 Advertisements
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Advertisement192 1985-04-29 7 What could Metro possibly have in commonwith Hewlett Packard? The American Express Corporate Canf System. i v 1 i -i >>• r The list of corporations using the American Express Corporate Card™ System is pretty impressive. So are their reasons. Increased control of company expenses, reduced cash advances, improved resource192 words
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FEATURES
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Article, Illustration994 1985-04-29 8 FLORENCE CHONG - By FLORENCE CHONG THE POWER and wilfulness of Australian unions is legendary. A succession of governments Federal and state have tried to tame them but none could claim success. Now one man is trying to break the back of unionism in his994 words
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569 1985-04-29 8 ALAN CANE - By ALAN CANE FT WHILE BRITAIN ponders its role in helping industry develop the wonder materials of tomorrow, Japan has already decided to go for the gold. Already second only to the US as a producer of the new, high-technology materials which make possibleFT - 569 words
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Page 8 Advertisements
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Advertisement311 1985-04-29 8 Plug in to your business sources at one single point. Participate in ELEMEX 85 and enhance your company's image and sales performance. ELEMEX 85 is an ideal showcase for your existing as well as new products and systems. And it presents an excellent opportunity for you to meet Iff professional311 words
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Advertisement67 1985-04-29 8 ©DBS BANK INTEREST NEWS Effective 29 April 1985 Fixed Deposits Automatic renewal it available. 5 p.a. for 1 month 5 1 p.a for 3 months 5 1 i% p.a. for 6 months Minimum Deposit for 1 month is $5 000 ana for 3.6.9 A 12 months. $1000 sQp.a. for 967 words
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Page 8 Miscellaneous
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Miscellaneous1053 1985-04-29 8 ■w ora® S^lUlkd HIGHLIGHTS Horizon: The Earthquake Connection B.oopm, Channel 12 Predicting earthquakes accurately is still a formidable task. For many years, scientists have been trying to work that out: they know why earthquakes happen, and where they are likely to happen, but the answer to the key question when1,053 words
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THE ARTS
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836 1985-04-29 9 MARIE DAVID - By MARIE DAVID THE BURST of political and issue discussions on television looks to be on the increase. Last Monday, we read in The Straits Times an announcement by Mr Wong Kan Seng, Minister of State, that the Feedback unit of the836 words
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Article, Illustration525 1985-04-29 9 LISA LEE - By LISA LEE BALLET PERFORMANCES of the older schools are often difficult for the layman to appreciate and considered tedious by many, though time and again, there is the outstanding troupe with the clarity, precision and brilliance to dispel this notion. However, the Royal Danish Ballet's525 words
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Article, Illustration351 1985-04-29 9 XU YING CHENG - By XU YING CHENG EAGER CHILDREN, accompanied by equally eager parents, music teachers and ardent concert-goers thronged the Victoria Concert Hall last weekend. The real draw to the SSO concert on Friday and Saturday was the appearance of talented child violinist Li351 words
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SPORTS
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443 1985-04-29 9 BRIAN MILLER - By BRIAN MILLER THEY'RE RIGHT when they say that trainer Eddie van Breukelen has a way with young apprentices. Look what he did for young S Y Leong in 1982 bringing the boy up to claim the apprentice title in a canter. Last443 words
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Article392 1985-04-29 9 WALTON MORAIS - By WALTON MORAIS JIMMY TEO, playing consistent, if a little unspectacular golf, swept the Apollo Cup at Warren on Saturday, with plenty to spare. The 13-handicapper did not pick up a single birdie, yet won comfortably by three points, in the Stableford competition, totalling a392 words
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393 1985-04-29 9 UPI AP RAYMOND FLOYD shot a third-round 69 last Saturday to forge a three-way tie for first place with Payne Stewart and Keith Fergus at 8-under-par 208 in the US$5OO,OOO Houston Open. Following the leaders were a group of sixUPI; AP - 393 words
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Page 9 Advertisements
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Advertisement213 1985-04-29 9 BEST U.S. STEAK yt 1 Direct from Harris Ranch in Central California The Number One Steak in California, and now in Singapore Only at Jack s Place Steak House you'll find six different choices from only $16. you'll get a tender, juicy, corn-fed premium U S Steak with the best213 words
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Page 9 Miscellaneous
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Miscellaneous660 1985-04-29 9 CRYPTIC PUZZLE ACROSS 1 That's the wrong angle, darling (5) 6 Spire rebuilt at the seaside (5) 9 Seen to yearn for Mr Heath (7) 10 Express way to make tea (5) 11 Checks a broken siren (5) 12 Small glasses! (5) 13 Colours of old letters from Elsie (7)660 words
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INTERNATIONAL STOCKS
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268 1985-04-29 10 Reuter WEST GERMAN share prices which rose to record highs last week have scope for further gains, but uncertainty over export prospects and the dollar's trend are clouding the outlook for the short and medium term. Commercial bank dealers and analysts saidReuter - 268 words
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Article226 1985-04-29 10 APR 27 Yen 1070 -10 Mitsubishi Mitsub Elec Mitsub Estate 523 395 629 -3 2 +7 1120 unch Mifiub Heavy 265 unch +2 Mitvji 330 unch n**SS 890 174 -2 Bonk of Tokyo 814 525 16 ■1 MrtKJi Smelting Mitiukothi 558 515 +2 -10 1300 +20 Mitsumi. 1020 2330226 words
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292 1985-04-29 10 Reuter WALL STREET share prices closed sharply lower last Friday, prompting analysts to predict that prices are more likely to fall over the next few sessions than they are to rise. The Dow Jones Industrial Average dropped by 9.60 points to closeReuter - 292 words
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Article124 1985-04-29 10 AM 26 a Hoinow 3 78 und Hud Bay Mn 8 unc kr*> CM 54* 17% -34* 18* 34* unch 36* 22 Int U»* 22 20 inch Kerr Add 15* 27* Lototow B 17*8 13 2* und 39* Mc BkxM 24* BP Con Ltd 35* 16 31* -1* 23*124 words
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Article200 1985-04-29 10 LMMC 540 unch Aft 26 *••4 WooHrorth 1500 -25 MXJSTKULS MININGS 850 MM •5 150 8500 400 800 1480 -20 370 5 BuHate A/VU?T..~ 2625 unch 1120 -5 Com Gold c G Smith 2400 unch 1140 10 CNA 280 10 1035 10 400 5300 50 8800B E R Com200 words
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Article695 1985-04-29 10 Aft 2* uss AJcan AJurrwi AJcoa AJaghariy Lud AM Own Cp AJfcad Storn AJht-0**ner$ Am Brandt he Am Broodcast Am Can Co Am Cyanamid Am Elac Pwr Am Exprass Am Horn* Prod Am Motors Cp Am Natural Gin Am Tal 4 Tal. Amax Inc Amarodo Htw AMF Inc695 words
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Article769 1985-04-29 10 Amsterdam AM 26 Fb abn 432 50 +3 180 00 inch Ahoid 227 50 +1.2 Akzo 113 20x4 1 AM£V 237 00 -4 Afflta 7680 -0.2 Barku Bob 96 50 +1 Botkafet Bur Tat 38 00 +1 Dai Mi| 126 70 +0 2 DMVMT 119 50 +0 8769 words
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Article61 1985-04-29 10 Reuter JACK KENT Cooke Inc and Associates, who owns just more than 9.7 per cent of Multimedia Inc, intends to make an offer for the company. In a prepared statement, Mr Jack Kent Cooke said he met several Multimedia directors earlier last week to discuss a possible bid.Reuter - 61 words
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Page 10 Advertisements
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Advertisement151 1985-04-29 10 m <r 4 c s* #5P A. V m Jiff m T fW y^ y I w\vW* s -f^ DISCARVERY LUNCH b the answer to having a gourmet meal within the limitations of a lunch hour. Select from a range of: smoked delicacies, pate or seafood, soups, 4 succulent roasts,151 words
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Advertisement53 1985-04-29 10 Expert I HOTEL ASIA Many happy returns 37 Scods Road Singapore 0922 Tel *****8 a Tetex RS ***** HOTASIA lTrg. Pescadou Restaurant Provencal i X -*JL m t i m m mm WN m Ample free parking at all times. *^L m 1 1 i I 214 Ounwm Road, Singapore53 words
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Advertisement106 1985-04-29 10 1 N r. <3 vV <>» Specialized in: HONG KONG DIAN XIN CANTONESE CGISINE Business Hours: 11.00 am 2.30pm (Sundays Public Holidays: B.ooam 2.30pm) Dinner: 7.00pm 10.30pm ir w I PRESIDENT MERLIN HOTEL 181, Kitchener Road, Singapore 0620. Tel: *****22. W. )0 et n A sumptous buffet lunch awaits you106 words
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Advertisement146 1985-04-29 10 £s5 fSff n r V A *3 ce Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. special business lunch at $16 4+ each and $20 each (min. 2 persons). Over 50 a la carte specialities are also available. jhAP FURAMA146 words
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Advertisement143 1985-04-29 10 ,4 F£ng L6u Teochew V Restaurant for the best Teochew delicacies in town, k Discover our famous dian-xin, t. delicious steam-boat Teochew porridge and other mouth-watering t delights prepared by hong Kong chefs. And feel like royalty while W you dine in Oriental splendour. Open daily from: 11.00 am 3.00143 words
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INTERNATIONAL COMPANY NEWS
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Article, Illustration244 1985-04-29 11 Reuter BRITISH financier Sir James Goldsmith has ended his bid for Crown Zellerbach, an apparent victory for directors of the giant timber company who said Sir James's advances "were not appreciated". Sir James, who offered U5542.50 a share for up to 70 perReuter - 244 words
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718 1985-04-29 11 FT DAIMLER BENZ's DM4OO-million bid for the control of West Germany's second biggest aerospace group, Dornier, is under threat as one of the Dornier family shareholders, Claudius Dornier, intends to reject the terms of the deal. Mr Dornier claimed the threeway deal betweenFT - 718 words
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Article888 1985-04-29 11 Investors dumping General Motors, Ford and Chrysler NYT THE BIG THREE American car stocks General Motors, Ford and Chrysler are likely to sputter for the rest of this year, Wall Street analysts say. Their reasoning: These issues have already enjoyed most of their climbNYT - 888 words
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Page 11 Advertisements
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Advertisement626 1985-04-29 11 (ExoaMor HoM) r I -JUT We serve ECONOMICAL, BUDGET-PRICED meals with el the extras end attention usually reservsd only tor VtPs. And what's more... our Dinner Menu prices have also been revised to make your meal al the more enjoyable. But our service remains the same. Impeoceble. LUNCH TVUK BPECIAL:626 words
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Advertisement77 1985-04-29 11 < At COFFEE GARDEN... 24-HO HONG KONG DIAN XIN, NOODLES AND CONGEE. SPECIAL ROASTS* AVAILABLE TOO! Also available round-the-clock are delectable local and continental cuisines. L 2$ <% 'AixuloNe from llam 3pm S 6pm llpm fez ;'77i i rn*rmn ti 19 Cairahill Grde Singapore 0922 1M: 734 6622 oniS™ J77 words
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RAW MATERIALS
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755 1985-04-29 12 AFP THE SHARP REVERSAL in sterling's rise against the dollar failed to raise any lasting confidence on the commodity markets last week as doubts over the dollar's performance prevailed. Conflicting statements over the state of the US economy from Fed chairman, Paul Volcker, andAFP - 755 words
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166 1985-04-29 12 Reuter SOVIET grain imports will be even higher in 1984-85 than previously forecast and will total a record 53 million tonnes. The International Wheat Council (IWC) said the Soviet Union had been forced to import massive quantities of grain both forReuter - 166 words
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328 1985-04-29 12 Reuter WATERMELON and tobacco fields are replacing those once planted with rice and wheat as China diverts its energies and land to growing lucrative cash crops. A Chinese Agriculture Ministry official quoted by China Daily said Beijing expected farmers to plant 2.5Reuter - 328 words
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Article140 1985-04-29 12 Reuter A FURTHER DECLINE in tea prices cannot be ruled out after the sharp fall seen in this week's London auction. Traders said the average price of tea fell to the lowest level since Oct 17, 1983, at 170.84 pence per kg from 193.44 lastReuter - 140 words
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306 1985-04-29 12 Bernama THE FALL in tin prices on the Kuala Lumpur Tin Market (KLTM) is mainly due to the release of the US General Services Administration (GSA) stockpiles each time the tin price recovers slightly. Tin dealers in Kuala Lumpur said, underBernama - 306 words
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Article77 1985-04-29 12 Reuter INDIA will be self-suffi-cient in natural rubber by 1999/2000. Indian Minister of State for Commerce, Mr P A Sangma, said the country's output in 1984-85 was estimated to have risen to 187,000 tonnes from 175,000 and 165,000 in the previous two years. Imports in *****5 fell toReuter - 77 words
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Article1276 1985-04-29 12 COFFEE Midday gains in robusta futures were reversed last Friday afternoon as sterling recovered against the dollar. Prices fell from the highs seen at midday to close around the day's lows, with losses of £25 to £11 a tonne, apart from distant March, which was unchanged. July closed1,276 words
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Article262 1985-04-29 12 Holiday, Cutler, Bath Co THE brief re-appearance of Inro on the Btmgap*re and markets last week caused current Int RSS to finish some two cents better. Starting out on an easier bias following reports of an improved supply situation and lack of buying interest, the sudden entry of theHoliday, Cutler, Bath & Co - 262 words
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Article272 1985-04-29 12 PRODUCE PRICES in Singapore were firmer last week, thanks to active demand from overseas. In the palm oil market, prices soared because of heavy demand for Pakistan and India and trading was active throughout the week. A trader said he was bullish about the market and272 words
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157 1985-04-29 12 Reuter THE STAGE is set for diamond sales to revive if the world economy continues to grow. De Beers Consolidated Mines said in its annual report that after several years in the doldrums the first three London sales in 1985 showed buyer interest inReuter - 157 words
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Article31 1985-04-29 12 KL TIN Dote Cloung prices Turnover M$/kilo (tonnes) Apr 22 29 30 109 Apr 23 29.10 76 Apr 24 28 48 71 Apr 25 28 48 46 Apr 26 2845 5231 words
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Article235 1985-04-29 12 SOYBEAN futures on the Chicago Board of Trade closed 2 1 /t to 4' 2US cents per bushel lower last Friday, near session lows, in moderate trade. Prices extended morning losses on professional and exporter selling inspired by declines in soyoil futures, traders said. Sell-stops activated on the slide235 words
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Article197 1985-04-29 12 WHEAT FUTURES on the Chicago Board of Trade closed 2Vt to five US cents per bushel lower in light trade last Friday. May settled at $3.48 near the bottom of 6Vi-cent range. New crop prices succumbed to technical selling and profit-taking ahead of the weekend, traders said. But support197 words
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Article150 1985-04-29 12 Chines* Produce Robusta 20/25% FOB NSW 477 50 Exchange (Sellers' noon doting prices on Nutmeg 396 00 Apr 27 S$/100 kg) 110 FOB NSW E&W FOB NSW 248 00 Coconut oil Bulk FOB 148 00 Gambier CHd drum FOB ***** FOB NSW 330 00 New drum FOB 165150 words
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Page 12 Advertisements
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Advertisement157 1985-04-29 12 A k f A IBMOA u J I f >- v Malaysia's premier building exhibition MALBEX'BS, Malaysia's premier building exhibition is back with a showcase of the latest building products On view will be items from over 20 countries, ranging from formwork systems and partitions to the latest in floor157 words
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MARKET REVIEWS
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Article, Illustration5343 1985-04-29 13 HOMER CHEN - IT'" 90 0 By HOMER CHEN THE MARKET last week was a big yawn. For most part of the week, it moved, not up, not down but sideways. The indices fluctuated within single-digits and ended the week virtually unchanged. The BT Composite Index5,343 words
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238 1985-04-29 13 I m 1 W'l r \lAustralia AUSTRALIAN share markets closed sharply higher last week with strong support for banks and selected resource stocks in the last two days. The All Ordinaries Index rose 24.8 points in the shortened Anzaq holiday week to close at238 words
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Article664 1985-04-29 13 BOBEE LEONG - Week ended April 26 compiled by BOBEE LEONG SCRIP ISSUES Selongor Dredg Bonus issue of five-for-two and sub-division of $1 par into two shares of 50 cents each. Straits Trading: Proposed bonus issue of one-for-four. CORPORATE DEVELOPMENTS O U C Sdn Bhd hos gained approval664 words
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Article338 1985-04-29 13 SSzumh UBS FOLLOWING the all-time high on the SBC Index last Monday, profit-taking materialised on Thursday, with banking and insurance stocks in particular losing ground. Due to a shortage of interesting corporate reports and a lack of new impetus from New York, investors retreated to the sidelines,UBS - 338 words
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Article1246 1985-04-29 14 GERALD COLVERD - fi ■c=>l London Pi m By GERALD COLVERD WORDS, NOT STATISTICS are now running international exchange markets. We are now being entreated to believe the rebound in the US dollar which, at one stage, had knocked 10 cents off the sterling rate in a week can1,246 words
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169 1985-04-29 14 AFP T BOONE PICKENS, the Texas financier specialising in takeover bids directed at US oil companies, was the highest paid US businessman last year, receiving US$22.B million in salary, bonuses and share options. According to Business Week magazine, Mr Pickens earned $4.2 millionAFP - 169 words
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Article110 1985-04-29 14 Reuter THE FIRST INSTALMENT on the forthcoming issue of British Aerospace PLC shares is intended to be 200p per share payable on application. A joint statement from the company and the Trade and Industry Department said the balance of the offer price, to be announced this week,Reuter - 110 words
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189 1985-04-29 14 Bernama PILECON ENGINEERING Bhd, an engineering, construction and property development company, expects to make a debut on the Stock Exchange of Singapore (SES) within the next few days. In a joint statement, Pilecon's chairman Datuk Haji Abdul Rahim Haji Abdul Rahman and Mr HongBernama - 189 words
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Article517 1985-04-29 14 m I New York AP TWO OF THE NEW YORK stock market's broad indices recently hit record highs and Wall Street hardly blinked. Instead, the new levels set by the measures, the New York Stock Exchange Composite Index and Standard Poor's 500stock composite index, onlyAP - 517 words
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Article263 1985-04-29 14 ITU Milan Ti:m «■J BCI THE MOOD at the Milan stock market last week was generally quiet, with modest swings in prices. On Thursday, all Italian stock exchanges were closed for a national holiday. Investors maintained an extremely cautious stance in the face of uncertainties about theBCI - 263 words
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857 1985-04-29 14 1 MM K.Lumpur A INVESTORS continued to shun the Kuala Lumpur stock market for the greater part of last week, causing shares prices to tumble further. At the start to the week, confusion reigned in the market as news about the formation of the857 words
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403 1985-04-29 14 m Tok y° Ipj ajg AFP FOLLOWING the previous week's historic plunge, the Tokyo stock market got off to a bearish start last week with the Dow-Jones Average dropping on Monday and Tuesday. The 225-stock Dow suffered a 52.15-yen loss on MondayAFP - 403 words
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Page 14 Advertisements
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Advertisement435 1985-04-29 14 >/l A *r IB si PAN MALAYAN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) The Board of Directors of Pan Malayan Holdings Limited Is pleased to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 ST DECEMBER 1084 Turnover Including investment income of Profit from sale of quoted investment and435 words
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COMPANY NEWS
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Article, Illustration815 1985-04-29 15 ALVIN TAY - Result of larger provisions for loans By ALVIN TAY THE PRUDENT PRACTICE of finance companies in making bigger general and specific provisions against their total loan portfolio has resulted in yet another two such companies returning much lower profits for last year.815 words
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206 1985-04-29 15 Bernama MALAYSIAN Resources Corporation Bhd (MRCB) has reached an agreement with several parties to acquire the entire issued and paid-up capital of Easy Win Sdn Bhd for Mssl million cash. Easy Win owns a piece of property of about 120.6 hectares offBernama - 206 words
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LATEST RESULTS
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Article33 1985-04-29 15 Group attributable losses of |7.28 million for 1964. This figure includes post-acqui-sition results of SPP Ltd. The company itself turned in attributable losses of $113 million. No dividend proposed.33 words
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Article23 1985-04-29 15 Group attribut- able losses of $15.3 million ($143,000 loss) for 1984. Turnover came to $41.27 million ($47.45 million). No dividend proposed.23 words
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Article54 1985-04-29 15 CYCLE Carriage Bintang Bhd: Group pre-tax attrib- utable profit of M 511.23 million ($17.3 million) on turnover of $143 million ($166.5 million) for six months to March 31, 1985. Proposed interim dividend of 10 per cent, less tax and bonus issue of three-for-five, which will raise its capital to $95.254 words
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294 1985-04-29 15 IN A MOVE to focus resources on its traditional activities, Hong Leong Finance has sold some of its long-term unquoted investments which are not related to its business as a finance company. In an announcement accompanying the release of the company's results, Hong294 words
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Article, Illustration435 1985-04-29 15 PROMINENT bumiputra businessman Datuk Azman Hashim, the executive chairman of Ar-ab-Malaysian Development Bhd, is pulling out of Berjaya Corp Bhd, the publicly-listed wire rope manufacturer. He has arranged for a new bumiputra party to take over his half share in Nautilus Corporation which owns435 words
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583 1985-04-29 15 HOCK LOCK SIEW MOST EYES are focused on the still-suspended Consolidated Plantations following the cash avalanche it is getting from surrendering its Seafield Jaya property interests to its sister company, United Estate Projects. In a market where bullish corporate news is becoming a scarcer commodityHOCK LOCK SIEW - 583 words
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Page 15 Advertisements
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Advertisement603 1985-04-29 15 i# #«i m -ft •ftfe TAT LEE BANK LIMITED (Incorporated in the Republic ot Singapore) To All Shareholders The Directors are pleased to announce the following:1984 The Bank The Group 1983 The Bank The Group (g) Tat Lee Bank issued:(i) 8.4 million Bonus shares of Ssl each in the ratio603 words
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441 1985-04-29 16 LOH HUI YIN - Contract made on five-year basis By LOH HUI YIN AGREEMENT has been reached for the Petrochemical Corporation of Singapore to buy liquefied petroleum gas from Burma for five years. Such an unprecedented long-term contract would ensure security of supplies to the petrochemical complex441 words
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318 1985-04-29 16 Reuter MUSLIM FORCES linked up around Sidon, a south Lebanese port yesterday, forcing Christian residents to flee from their last enclaves in the area. Security sources said the Druze-led Progressive Socialist Party (PSP) militiamen and Sunni Muslim nationalist and fundamentalist fightersReuter - 318 words
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Article, Illustration587 1985-04-29 16 AFP Reuter CHINESE POLICE yesterday photographed all foreigners who tried to approach demonstrators staging a sit-in to press for permission to live in the capital Beijing. Foreign reporters were again forbidden from going near the group of protesters who were deported toAFP; Reuter - 587 words
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465 1985-04-29 16 Bernama MALAYSIA can look forward to closer relations with the Scandinavian countries and Austria following the visit of Prime Minister Datuk Sen Dr Mahathir Mohamad to these countries. Areas where cooperation can be worked out include tourism, shipping and fishery. Joint venturesBernama - 465 words
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Article, Illustration318 1985-04-29 16 A UNIVERSITY DEGREE is not a guaranteed ticket to a successful working life. Indeed, education does not stop there. Graduates need to learn continually throughout their working life in order to stay economically productive. The vice-chancellor of the National318 words
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109 1985-04-29 16 Reuter CHINA'S Communist Party, grooming its next generation of leaders, has selected 1,000 cadres as candidates for provincial and ministerial posts. The People's Daily yesterday said they were being prepared to take over from the current leadership of 80-year-old Deng Xiaoping, 69-year-old party chief Hu YaobangReuter - 109 words
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82 1985-04-29 16 BANGLADESH will swap commodities worth US$3O million each way with the Soviet Union this year under a barter agreement signed yesterday. Dhaka would exchange jute, jute products and tobacco for machinery, tractors and steel rolls from Moscow. This is the first barter agreement between82 words
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Article, Illustration456 1985-04-29 16 THE PRESIDENT of Mendaki (Council for the Education of Muslim Children) has called for a realistic approach to the problem of raising the education levels of Malay children. Speaking at Mendaki's triennial general meeting yesterday, Dr Ahmad Mattar said: "Not everybody will456 words
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223 1985-04-29 16 Bernama SINGAPORE investors have put up 37 factories with a total capital of Ms2l4 million in Johore as at the end of March. The projects set up included food, textiles, electronics, metal, engineering and gas and petroleum industries. Johore Chief Minister DatukBernama - 223 words
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LATE FILE
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Article54 1985-04-29 16 MALAYSIAN Department of Environment enforcement officers will be vested with powers to set up road blocks, stop vehicles emitting fumes, carry out tests and slap compound fines on errant motorists, under a set of proposed amendments to the Environmental Quality Act, 1974, said the Minister for54 words
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Article60 1985-04-29 16 AFP INDONESIA plans to supply more skilled workers to the Middle East, instead of mostly domestic and unskilled workers. The Indonesian Manpower Supply Association was quoted by the Sinar Harapan newspaper yesterday as saying that the association would set up training schools to meet aAFP - 60 words
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Article54 1985-04-29 16 Reuter DUBAI police said yesterday that they had seized more than a tonne of hashish from a Pakistani ship in what they called the biggest drug haul ever made in the Gulf. The hashish, with a street value of US$9 million, was concealed bags insideReuter - 54 words
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Article32 1985-04-29 16 AFP THE Czechoslovak national airline has inaugurated a new monthly flight between Prague and Ho Chi Minh City, said the Vietnam News Agency yesterday. AFPAFP - 32 words
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Article36 1985-04-29 16 Reuter MORE THAN 100 homes were set ablaze yesterday in renewed violence in Sri Lanka's troubled eastern province where Muslims and Tamils have clashed for the past three weeks. ReuterReuter - 36 words
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Article31 1985-04-29 16 AFP AILING United Press International news agency has reached agreement in principle with its main creditor to ensure continued financing, said UPI president Luis Nogales yesterday. AFPAFP - 31 words
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Article55 1985-04-29 16 AP JAPAN'S divorce rate fell last year for the first time in 20 years. Kyodo News Services yesterday quoted a preliminary report of the Ministry of Health and Welfare as saying that 1.51 couples per 1,000 population were divorced last year, compared with 1.52 couplesAP - 55 words
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Page 16 Advertisements
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Advertisement69 1985-04-29 16 OPPORTUNITY Established exclusive office and residential furniture/design company looking for individual or corporate investment, financing or merger to fund major expansion. Good opportunity for developers, hotel management company, car dealers or retail chains wishing to diversify. Please Respond to: B T Box 5353 390 Kim Seng Road Singapore 0923 Britannia69 words
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Advertisement69 1985-04-29 16 RESERVED FOR RESERVATIONS That's the new number to dial to book Sheraton worldwide. In keeping with our latest move our change of address to Ocean Building we have also installed a totally new computer reservation system for even better service. The number for Sales and Administration is now 532 611169 words
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Page 16 Miscellaneous
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Miscellaneous57 1985-04-29 16 WMsm Outlook for today: Showers in several areas in the late morning and early afternoon. Report for 24 hours prior to 7.30pm on April 28 at the airport: Maximum temperature 31.2 Associated humidity 79 Minimum temperature 24.6 Associated humidity 95 Hours of sunshine 3.20 Rainfall in millimetres 6.1 Rainfall this57 words
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SHIPPING TIMES
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281 1985-04-29 17 Lloyd's List MAJOR South Korean shipbuilders have asked their government for interest rate support to help counter a sharp fall in export orders. The 10 leading shipbuilding groups want to see a cut of one per cent to bring interest rates to 8Lloyd's List - 281 words
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501 1985-04-29 17 G DURAIRAJ - By G DURAIRAJ THE MALAYSIAN Domestic Shipping and Licensing Board has been urged to consider widening the scope of its jurisdiction to cover Malaysian-bound cargo moving in and out of Singapore. Coastal ship operators feel strongly that Malaysian cargo relayed through Singapore should501 words
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329 1985-04-29 17 SHIPREPAIRERS in Singapore are confident that they are able to weather the stormy seas by costcutting and productivity improvement programmes. The confidence stems from having met headlong, but yet survived, previous recessions. Though they have come through a trying time, shiprepairers in Singapore in329 words
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PORT SIDES
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Article90 1985-04-29 17 Reuter UNIONS representing around 20,000 German seamen agreed a 3.5 per cent pay rise with the shipowners from May 1, union spokesmen said. On Friday, the two unions involved in the negotiations, threatened to walk out if the shipowners did not better their original offer ofReuter - 90 words
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Article85 1985-04-29 17 A UNITED States company has won the salvage contract for the Japanese freighter Garza Star, abandoned and adrift $65 km west of Vancouver Island. 4 Two Vancouver-based companies, Rivtow Straits Ltd and Seaspan International Ltd, were among several firms vying for the salvage contract with the85 words
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908 1985-04-29 18 Seatrade IF THE NORWEGIANS have their way, wave energy will stand alongside wind power before long as an efficient means of propelling ships across the world's oceans. The energy of the waves, that unceasing tossing and rolling movement which has had many a shipSeatrade - 908 words
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141 1985-04-29 18 SOUTH Australia has entered a sister agreement with the Port of Mizushima, 700 km west of Tokyo, and an 18-member delegation from the port and Okayama Prefecture are flying to Adelaide for the signing. Mizushima has been an international port since 1962 and is141 words
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159 1985-04-29 18 Seatrade Week THE UNITED States Maritime Administration is currently reviewing an application by American President Lines (APL) for permission to implement a US Lines-type foreign flag feeder service in conjunction with its Far East to US container service. APL, like US Lines, requires special permission asSeatrade Week - 159 words
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Article822 1985-04-29 18 A Top Em X 2 Hmode Kesen V* 1 Pon-Mom* VI 3 Ateo VI 3 Hoe Hoe VI 3 Pan Ocean VI 3 Ahrenkiel Lra V 4 Hoegh VI 4/5 Pem VI 3 AC Toepler Andeko Shpg X VI 5 1 Hoeah-Uglond HK Cont VI VI 4/5822 words
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Article1928 1985-04-29 18 CHARTERING of vessels to carry iron ore cargoes featured a rather quiet freight market on Thursday, shipbrokers said. An ore vessel was arranged from Lower Buchanan to Rotterdam at U555.75 and business was also reported from Tubarao to Pohang at $9.50, while ore cargoes were covered from Narvik1,928 words
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236 1985-04-29 18 Fairplay THE UNITED States National Association of Marine Exchanges (Name) plans to set up a national vessel traffic and location database for the US. Based on a prototype system currently in operation on the US west coast, the national database willFairplay - 236 words
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Article68 1985-04-29 18 AFP JAPAN is to discontinue state-financed stockpiling of crude oil in offshore tankers at the end of this year for financial reasons, the Natural Resources and Energy Agency said. The government began stockpiling crude oil in empty tankers in 1978. It currently holds 15.7 million barrelsAFP - 68 words
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222 1985-04-29 19 UPI A NEW YORK shipper pleaded guilty last week to violating the Trading With The Enemy Act for leasingships to Cuba to carry cement and other construction goods to Grenada and Libya, the United States government said. The Treasury Department said Peter DUPI - 222 words
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429 1985-04-29 19 Lloyd's List TAIWAN is planning a major offensive to establish itself in the offshore rig building market. With a reputation for low cost, good quality workmanship, the move could put further pressure on European yards already struggling against other Far East competitors.Lloyd's List - 429 words
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Article186 1985-04-29 19 THE MAJOR shipping consortia operating between the Far East European, 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. ANftO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container Line.186 words
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Article208 1985-04-29 19 Opecna 5 ENVIRONMENT protection officials from eight Gulf states began meeting in Kuwait to coordinate efforts to fight marine pollution. The meeting, sponsored by the Regional Organisation for the Protection of the Marine Environment (Ropme), is being attended by representatives from Saudi Arabia, Iran, Iraq,Opecna - 208 words
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Article95 1985-04-29 19 AP NORWEGIAN Caribbean Lines is planning to build a 2,500-passenger cruise ship that will be the largest luxury liner in the world. The company's president, Ronald J Zeller, estimated the first ship would cost between US$l5O and $200 million and would have the capability forAP - 95 words
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Article681 1985-04-29 19 A SOUTH African passenger cruise vessel, the Aster, is reported to have been sold to East Germany. It is believed that the four-year old 2,500 dwt (18,834 gross tons) ship was bought by VEB Deutfracht/Seerederei in Rostock. The announcement of the sale by its owner Safmarine comes after681 words
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2837 1985-04-29 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 of2,837 words
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Article683 1985-04-29 25 e r RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location M Blanc M 56/570 29.4.85 2359 MOSK F2 0900-1000/1130-1200 B6 L Mahapola 21W 29 4 85 2000 NAPL F7 0700-0800 L4 P Madison 110/1 29.4.85683 words
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Article1851 1985-04-29 25 The leading shipping lines operating from local ports and their agents. A-B \KKA Afii< an Shi|>|iinc Agen. ie> <S> \lrt-Karf>li IJnr Ttansgtoup iSt Ahrenklcl liner Sfr»lff Kim Shpg 'Si If C Toepler Oreanus Shipping Agen ies i S i Mai intcx Enterprise < PK i Alpac1,851 words
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Article391 1985-04-29 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Asian 12 Frota Santos Selra S Luisa Pando Straits Pride Anderso Auby Frotadurban Hong Hwa Intermac 306 Jenson 4 K Mezentsev Keizersgracht Kota Berkat Ned Leuve Nippo Maru No 8 Donam Tachibana 1 Tomoe 81 Vietxo 01391 words
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Page 17 Advertisements
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Advertisement493 1985-04-29 17 f Available at all Good Bookshops njpTimes 111 IW Distributors WAVE energy may stand alongside wind power as an efficient means of propelling ships....ll TAIWAN is planning a major offensive to establish itself in the rig building market 111 INDEX TO Advertisers II SHIP Soles "I CONSORTIA HI SHIPPING Schedule493 words
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Advertisement269 1985-04-29 17 u UASC UNITED ARAB SHIPPING CO (SAG) SEALORD SHIPPING AGENCIES NATIONAL LIKE OF BAHRAIN, IRAQ; EXPRESS FULL CONTAINER SERVICE 70 Shenton Way 04-02 C Marina House Singapore 0207 Tal *****W Tel.., Mo 852V4191 CFS office TPC 03 30 Tel *****31 and *****32 Terminal office TPC 03-29 Tel No 2272*90/*****93 :i269 words
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Advertisement1004 1985-04-29 17 Put*shmd by TIMES BOOKS INTERNATIONAL Times Centre 1 New Industrial Road Spore 1953 Tel: *****44 A "lentw o* ogan.jaito^ Ss6 50 MAERSK LINE SPEED SHUTTLE TO PNW-ATLANTIC INLAND POINTS INAUGURAL SAILING M.S. LEXA MAERSK VOY 8506 ETD: LPK 9/5 PEN 11/5 SIN 14/5 ETA: TACOMA/SEATTLE 2/6 VANCOUVER 4/6 CHICAGO 6/61,004 words
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Page 18 Advertisements
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Advertisement295 1985-04-29 18 YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Pacific South Waat Faoder at Tokyo Pacific North Waat Faodar at Koba Motto Bl BEBHU M i. urouo TMMSHN H 1 KASHU Atlantic/Canada Faodar at Koba MrtM, «l N TOM SAV SUM N. TOM IL 17/1 1V« 18/8 KBOMMU 23/8 21/1 25/8 TA9BNAM. 28/8 2/7295 words
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Advertisement204 1985-04-29 18 jgjjjsg Supercarrier Service It 1 MLM 1■ I m m NUT ARRIVALS BARtKR TO6A 12/5. BARKR TAMPA 17/5. BARKR NARA 27/5 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA K r—TMLITMI TW>« accept* M" V frvdK*. OMM Stocfctoa a* %m Of t TO: CARIBBEAN CENTRAL AMERICA CHILE Arm*. Curacao,204 words
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Page 19 Advertisements
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Advertisement949 1985-04-29 19 The Straits Steamship Group STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok occ Overseas Containers Limited 1 CONTAINERSHtP SERVICE TO UK/CONTINENT OSMX MT LIVERPOOL MT IWTOMT rpn PMmi 04/5 00/5 12/5 14/5 20/5 21/5 2t/5 30/5 0(/C 00/0 11/0 13/0 20/0 22/0 27/0 20/0 00/7 00/7 11/7 13/7949 words
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Advertisement613 1985-04-29 19 Franco Belgian Services r*r o a IMf MBIR OF ACf CONSORTIUM! 1/ 1 CHARGFURS HAVRAISE MEDEX I IMF nn comimb arug to lonammM Spmt Pl** r*m Wt+n 6mm TitoM ■ORT UK MM to Ml IMy 17 Mr 25 My 21 My 25 My ■KKt 9My UMy VMy 34My 31 My613 words
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Page 20 Advertisements
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Advertisement435 1985-04-29 20 I Hapag-Lloyd EXPORTS TO CONTINENT/UK fti carriaje to Scamfinavia, Med, Carribean &S. America Wand hnia{t to "tand destinations in Europe S'pare PKetang PenangleuaesßAao Cnu Hburj Rdam Bharen Antwerp HOC K 15/5 17/5 19/5 12/ C IC/C 22/8 Connecting in Kobe Connecting in Kaoslwmg t Connecting in Tokyo Also accepting cargo435 words
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Advertisement178 1985-04-29 20 m M.S. LINE tOMfi in Pfi It ".J*, FULLY CONTAIN Ejn SE D SERVICE 10 EUROtt VIA SUf Z 1 th* Act Comortwn fROM i UROPf VIA SUE/ J A M»mon ol the Act Cornortiun j I S£W* St*s BRKE KOREAN lACEJN 28E iSMcuwtiD ma CHMA CONTAKR 2* PKri*m Sp«t178 words
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Advertisement530 1985-04-29 20 AGENCIES PTE. LTD. #09-07. ROBIN A HOUSE. SPORE 0106 TEL: *****88. TELEX: RS ***** BOOKING: *****56 (DIRECT LINE) SINGAPORE TO PENANQ UN MO I U SINGAPORE TO SARAWAK IQUATOi IV SX 9/15 •EQUATOi I SK 10/85 BISON SS 4/85 SS 5/85 SINGAPORE TO SABAH •VIUEI 111 JEMML SKK 7/15 2530 words
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Advertisement358 1985-04-29 20 r EVERGREEN Fill Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) O Round-The-World West Bound Service (FE/EURO/USEC/CARIB/FE) I also accept* ia/ra i fa/fa to cotwbuk aabhus copejbmcen. oao. 10W0N. SOUTHAMPTON. MANCIESTER BM AMSTERDAM MA ROTTERDAM STOCKHOLM. (CISMI. MERE* BREAERMAVEB VU I MGHAM. LNERPOOL. GLASGOW W FELIXSTOWE US WEST COAST SERVICE FAR358 words
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Advertisement274 1985-04-29 20 rmSINOSE MARITIME PTE LTD TO PAPUA NSW GUINEA/ SOUTH PACIFIC SPORE PKoMst LoodMf far KYONA COSMOS 1/5 lajapwa, Wtwak, Lm, RiM ijj fc m.i- it--i rjßortwji KMUi rMii Noumoa, Lautoka, Suva, Paprtta, |LX.4aal>l Mil rijo npn r OCEAMA QUEEN 7/6 1/i Jayapura, Wnrak, Lm, RabuaL P .Moresby, Kiota, Honiara, Noumsa,274 words
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Page 21 Advertisements
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Advertisement771 1985-04-29 21 PACIFIC INTERNATIONAL LINES PIL Building. 140 Cecil Street. 03-00 Singapore 0106. Tel *****33 EAST AFRICA/REDSEA SERVICES KOTA PET AMI KOTA WUAYA KARACHI/M.E. GULF SERVICES 3Z31 27-23/4 •-7/5 COLOMBO/CHITTAGONG/RANGOON SERVICES BANGKOK DIRECT SERVICES KOTA ANGKASA KOTA BANTENG INDONESIA SERVICES FAR EAST SERVICE TAIWAN/JAPAN (FULL CONTAINER SERVICE) 31 bbcBHMI XV3 ■M ISM771 words
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Advertisement815 1985-04-29 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE FROM EUROPE Toka Eiprru Cartfa* Bay Ouka Ban I Ln«rp«il Bay T*y« Bay Keetw Bay EUROPE HMI SHAVEN I DAM HAVRE U* U**rp**l Bay 20/4 It/4 My* Bay 4/5 J/5 RMaaaßay 11/5 13/5 BaaaMar 15/5 17/5 Dianas Mara 15/5 21/5 City M EMwfh815 words
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Advertisement435 1985-04-29 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINF FAR EAST STORE SERVICE FULL COOTAIER VESSEL. BUSAN YOKOHAMA KOBE KAOHSRMG Mt STOK TG.PRK* GOWA *1» W 22/4 25/4 27/4 1/5 3/5 t/S 0/5 MAMPAMT V2O/IM 7/5 11/5 12/5 lt/5 l»/5 21/5 24/5 li:^;i»s^rtKi.:i>J. a:Vi>a|iHa;li: S«, t jpo.f EKA JAYA AGENCIES lelfphonf *1377? terminal ??»6M435 words
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Advertisement591 1985-04-29 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loadmg for Ranfoon Spore PJ(eian( Penanj Ava V74W 27/29 Apr Phashwtfyawywa V253W 30 Apr/2 May Lofcae V9B 2/4 May Pa-w VS3 7/10 May 4/6 May Pa-» VS4N 25/27 May Loadnf for Europe. \> BANK LINE EXPRESS SOi-CONTAMER SERVICE TO UK/CONT SPORE591 words
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Page 22 Advertisements
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Advertisement1372 1985-04-29 22 K LINE -KAWASAKI KISEN KAISHA. LTD. USA CANADA PACIFIC COAST DESTINATIONS INLAND via IPI/MICROBRIDGE A MINILAND BRIDGE) FEEDER/ MONTE MJBT V 29 JOHORE BRDGE V 43 MOnO VESSEL MY BUDGE V 35 PLANTW Vl2 SHM BERHU MARU Vl9 TOWER BRDGE *36 PLANTW Vl2 HYUGA MMU Vl3 STORE PKLG PENANG STORE1,372 words
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Advertisement456 1985-04-29 22 f /i€ CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE load** lo< lOS ANGELES SAN FRANCISCO SEATTLE TACOMA VANCOUVER BC Accepting FCI/FCI Containers AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCI/FCI Contamers 4/5 Hay t// May 79 May IS Ma* 76 May Adet 11/19 May 70/21 May 12 June 2 June 9 time456 words
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Advertisement444 1985-04-29 22 SANKD ASIA FROM JAPANCSI POUTS ANO MOMOKOMC GOLDEN LINE 6 <sv GUAN GUAN SHPPM6 (PTE) LTD K«m| Tat Pratoaal M BdUnf M C*d S(rt«t SKATORE 0104 m *****9 C (10 LMES) TO Kuala Ltanpw ***** P K««x 317*1 Pnn XMIt Paa* GMa* (MOT UOTO (M) SON. M TEL M 370444 words
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Advertisement473 1985-04-29 22 P.T PERUSAHAAN PELAYARAN KALIMANTAN MRECT WEEKLY SERVICE TO JAKARTA Vets* FTA/ETD DEST9IATION MAGA XX) fey 10/SS 1/2 May Jakarta/Cretan MAGA XXXXI fey 7/S5 4/5 May iakarta/Cirafen MAGA XXI fey 11/15 9/10 May Jakarta/CHbon NAGA XXXXI Voy S/S5 13/14 May Marta/CHboi MAGA XXI fey 12/15 17/11 May lakarta/CHbon MAGA XXXXI fey473 words
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Page 23 Advertisements
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Advertisement686 1985-04-29 23 NOL NEPTUNE ORIENT LINES LTD I TO EUROPE/UK (VIA SUEZ): Also accepting cargo to/from Scandinavia FROM EUROPE (VIA SUEZ) C ROZE S pore Closing Times: FCL Cargo 2300 30/4 LCL Cargo 1100 30/4 SSMDGE4X Sailed 2/5) 30/4 K JACEJM 2K Sailed 9/5) 7/5 TWBRDGE24E Sailed (16/5) 14/5 C CONTAMER 29E.686 words
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Advertisement520 1985-04-29 23 feud Sport n No I Domi/50JN h fori 7/5 No i Dnan M3N 5/5 i/i Hi 7 Donam ttMN 11/5 15/5 Ni. Dou*/503N 24/5 24/5 No I Dorum 504 M 2/6 <;pi«t »i,lNis N« PlUf# ACINOUS PIF I ID Iri 7/89 V/ *****?4 ißookmisi ???7SIO ??1?0?? (Opwitiom) ????48/ (Ifrmmjl) ??0?4s0520 words
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Advertisement707 1985-04-29 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUHWHG 55, Market Street S«i{apore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** F KELANG M/S SHARKAT WAH SOON SON BHD IST AND 2ND FLOOR NO 1 IALAN CFMPFNMG PORT KLANG MALAYSIA707 words
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Advertisement20 1985-04-29 23 p SIM SWEE JOO SHIPPING SDN. BHD. EXPRESS TO BINTULU P. Ketone P«un( 7 May LaMfclf fw KBUAM 1M Agents:20 words
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Page 24 Advertisements
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Advertisement719 1985-04-29 24 Regional Container Linos 4 Sailings weekly Fast Reliable Regular Punctual Berthing P.S.A. Tue, Thur, Sat Sun. HINODE KISEN CO. LTD MIDDLE EAST REGULAR LINER 3 t'LTRA HK W LIFT C'ARRIKK FORTNIGHTLY FULL CONTAINER SERVICE TO EUROPE PASEWAU 3/85 COTTBUS 2/85 GLMJCHMJ 3/15 STORE ANTWERP 30 Apr 20 May 15 May.719 words
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Page 24 Miscellaneous
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Miscellaneous174 1985-04-29 24 Weather 7* u ||2i| 1 m EQ Iv« >5S V S3 ft W> mZm m m 5 sssm SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed in knots Wave height LEGEND P Temperature c 2 l hunderstorm Weather V Wind direction with speed .n174 words
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Page 25 Advertisements
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Advertisement170 1985-04-29 25 Cheng Lie Navigation Co., Ltd. con mo soma to mmkok/hokkong/tmmn STOK HI M 6 KB MO If V. SM 1/5 12/5 11/5 tt/5 22/5 B LE V. 507 17/5 21/5 2«/5 21/5 27/5 GENERAL AGENTS CONTMENTAL FEEDERS PTE. LTD., Tel: *****51 T«l«« RS ***** FEEDERS (p) UNIBAC (S) PTE LTO170 words
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Advertisement195 1985-04-29 25 OCEAN BRIDGE SHIPPING PTY LTD, FREMANTLE REGULAR SAILING TO FREMANTLE ■(g) MV HIEH COAST ETA 15/5 ETD 17/5 IW lANNE COAST OA 5/5 ETD 7/5 Imkov Shipping Co Pt» Ltd. 1U *d It #2MI/H T«« E* 01* General A(tnh Imkov Shipping Co Pto Ltd. 1U «*d It #2Mi/H T*E>«| Stent.195 words
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Advertisement265 1985-04-29 25 pil FINE-LINER SHIPPING PTE LTD 90. CECIL STREET #0»-05 DUNN HOUSE. S PORE 01M TUX: RS 22*41 FLIHCR TEL: Z24U92, *****13. *****07 ACCEPTING feOTH FCL AND LCL WEEKLY SERVICE SINGAPORE TO KUCHING SBU VESSEL ETA ETC) DESTINATION LIN PETALING II 2.5.85 3.5.85 KUCHING 10.5.85 11.5 85 KUCHING LIN PETALING 7.5.85265 words
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Page 26 Advertisements
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Advertisement261 1985-04-29 26 Fa »ia MBTMUft KM IU L rr^ rrtii n« m 4/s. »/5 1/5. IVS 3«/4. V 5 2/V 4/5 */4, V 5 IA »/5 2/5. «/5 11, ,1 :l ..ITS II ,11 ,11.1 1 Mi ma ram kst. usr t atf rain ■II 1 II- 1 1 CROSS WATER J261 words
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Advertisement257 1985-04-29 26 LUCKY SEAWAY SERVICES 89 Short Street, 10 07 08 Golden Wall Auto Centre, S pore, 0718 Tel *****55 Tlx 2606} STORE TO DAR ES SALAAM/MOMBASA S PORE TO COLOMBO/MADRAS S PORE TO EAST I WEST MALAYSIA Vessel FONG SIANG NO 1 PONG SIANG NO 2 PK PNG SABAH 28/5 24/5257 words
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Advertisement645 1985-04-29 26 C.Y. LINE (A Mtmbtr Of Th« ACE Consortium) CHO VANG SHIPPING CO. LTD FU.LV CONTMNEMSfD SBIWCE 10 MKK (W SB) Ifn CtCVALER ROB 4IN 1/5 up Tift cttsm m Vi MM TIKI IC» M 15/5 SEVEN SEAS BMW SMI 22/5 I (Ham Mm Fttom HW| Htm Mmp 21/5 21/5 22/5645 words
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Advertisement838 1985-04-29 26 I COMPINU PtRUAIW H VWOREES (CP.V.) 4 I "PERUVIAN STATE LME" V J lMdinf cjtoo Matarani to and al oftier Penman ports with transhipment at Kobe R I On CPV Ihioufh B*s ot lath* to hnai (kstnutoo Penjnf* f. K(Unf SincuwreT > MU»AYE\OETT Apr nCMASTVDtETT 11/13 Mar I*/H H RAMONEVERETT838 words
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Advertisement291 1985-04-29 26 ZIM NON-COWEKNCf HOTBOT FUI CONTAMER SERVW accep«N| FCI/ia urpn to USA East I Nest Cost, CiMnwfirt Canada and HMD vessel i vessei A vessei In TOKYO t *ssa lannm a mm DM Ell. AT CONTAINER LINE S>m EM Tnerit Up* tan P»i—m STDKY 10 Hit 73 Ma? Ikm 2km tt»y291 words
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