The Business Times, 8 May 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. Q9/1/85 WEDNESDAY, MAY 8, 1185 60 CENTS
    12 words
  • 464 1  -  Financial aid on the way for innovators By SHAHRIR ARIFF MAJOR NEW measures to assist Singapore companies to in* crease their export drives are to be introduced by the Trade Development Board. The board is particularly interested in providing practical and
    464 words
  • 496 1  -  By CHUANG PECK MING ONE OF SINGAPORE'S biggest knock-down furniture manufacturers has been put into receivership, leaving about 400 workers jobless. The European Asian Bank had appointed Intrust Assets Management Limited as the official receiver to the company, Water-Wood Furniture Manufacturers, on April 22.
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  • 218 1 Bernama THE MALAYSIAN government is confident that the manufacturing sector will overtake the agricultural sector as the country's main income earner within two or three years. The deputy director-general of Malaysia's Economic Planning Unit (macro-economics division) in the Prime Minister's Department, Dr
    Bernama  -  218 words
  • 86 1 Bernama MALAYSIAN Chinese Association's. former vice-president Tan Koon Swan yesterday described the party leadership's call for an extraordinary general meeting on June 16 as "designed to deceive and confuse the public". He advised members to wait for the outcome of the Supreme Court hearing tomorrow
    Bernama  -  86 words
  • 242 1 Bernama SINGAPORE and Malaysia have virtually reached agreement on the piped supply of 150 million cu ft a day of natural gas from Trengganu to Singapore. Mr James Ongkili, Minister in the Malaysian Prime Minister's Department, said agreement had been 99 per cent
    Bernama  -  242 words
  • Article, Illustration
    86 1 LACK «f freak Ma aad the ahseaae rf^hayfagjapp^Jdto thin trading baa tadlcatton ef few rematatag weak beMers at liiwat levels. With sharee being held Increasingly by Investors whe eaa afferd te take a leag term view, it is eaiy a natter ef time before the market reeevers. The
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  • 370 1 Reuter PRESIDENT REAGAN yesterday emphasised the importance of economic prosperity to democracy and freedom, and urged emerging nations to follow the US example of cutting taxes and reducing spending. In a speech on the second day of a 41-hour visit to Spain,
    Reuter  -  370 words
  • 130 1 Reuter COMMERCE Secretary Malcolm Baldrige has warned that the US economy will grow at a slower rate this year than previously estimated, raising the possibility of higher unemployment and larger budget deficits. He told a group of US newspapers on Monday that the economy
    Reuter  -  130 words
  • 494 1  -  By YAP BOH HOON A MAJOR SHIFT of production out of Singapore has been ruled out by the West German Siemens electronics group. Instead, a further $15 million investment is planned for 1985/86 by the company, which will use Singapore as a
    494 words
  • Page 1 Advertisements
    • 154 1 OA FOR SUCCESSFUL OFFICE AUTOMATION B SE E HOY CHAN GROUP Singapore Mi *****A2M K L M 4:09-*****0 Panangtai 04 *****9 ipoft: W: 06-*****8 Wh\ tic up your capital! Rent spccial equipment from T horn. 45" Projection Screen (Multiple System) I For audio-visual presentations at seminars, l|L I Ifjßn conferences,
      154 words
    • 242 1 :/}>[/\|!`>`?-~,+(>@}'&{+^[-&=" SHARE INFORMATION DOONEStURY MONEY EXCHANGES TRAINING CROSSWORDS RAW MATERIALS THE Introco group has moved into design consultancy through the purchase of a 20 per cent stake in Allied International Designers. It signed the joint venture ogreement yesterday. Page 2 JAPAN could abolish all customs tariffs on its imports of
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    • 0 1
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    • 84 1 of SwitzrrliinJ wrets ihf< of toJj\ T, Siemens pitni exhibition, Page 2 RICOH FXI2O From the World's leading company and pioneers in High-speed Facsimile When you see hoto small the FX 120 is, you'll surety be impressed, but what is more impressive is what it can do. It does everything
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  • HOME NEWS
    • 353 2  -  Buying 20pc stake in Allied International subsidiary By FOO CHOY PENG THE Intraco group has moved into design consultancy through the purchase of a 20 per cent stake in Allied International Designers (Asia Pacific). The international trading company acquired the stake in a joint venture
      353 words
    • 172 2 THE Singapore Broadcasting Corporation (SBC) is organising a Miss and Mr TV Personality Contest in its search for new talent. Contestants will be judged on their personality, poise, speech, looks, and general knowledge. They will have to speak on a given topic and will
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    • 411 2  -  By LISA LEE INNOVATION in Singapore is being hindered by unnecessary regulations, said a local computer expert who reached this conclusion while launching a new microcomputer training kit onto the market. The eight-bit, one chip kit has been developed by Mr Lin Yih, founder
      411 words
    • 255 2  -  •y YAP BOH HOON SIEMENS, the world's third largest telecommunications manufacturer, will hold an exhibition-cum-con-ference from May 14 to 18 in conjunction with Asia Telecom 85. The German industrial giant is «pending 1500,000 to hold these events at the Dynasty
      255 words
    • 40 2 IDD calls to Svalbard (islands off the coast of Norway) will be temporarily out of operation from May 6 to 30. During this period, cab to Svalbardoan be coonepted via the operator at telephone number 104.
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    • 342 2 THE Legal Aid Bureau handled 10,004 cases last year. Of these, more than 3,000 were couples seeking a divorce. Another 1,300 people used the bureau to make out deeds of separation. The two categories made up almost half of all the applications for
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    • 35 2 Ender Cleaning Services h«« renewed its contract to clean five storeys of the Chang! Alport terminal building tor $173,037 a month. The $189,799. figure quoted tn yesterday's BT was for the previous contract.
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    • 220 2 TOBGNT BBKNTON has been appointed president of Volvo East Asia with effect from June. Mr Brenton Joined Volvo in 1971. He was appointed vice-president in 1978 and is currently vice-president, personnel and information systems, in Volvo Car Corporation. CHEW "ft CHING has been appointed general manager of
      220 words
    • 370 3  -  By LISA LEE BROAD AMENDMENTS to the Building Operations and Works of Engineering Construction regulations designed to increase safety at construction sites will be in force within the month. They include a requirement that all supervisors and construction workers be
      370 words
    • 179 3 THE MINISTRY of Defence is Organising o logo competition to capture the essence of total defence. About *17,500 will be given away as prize money and the winners in the four sections will also receive eight return air tickets to Switzerland. The competition
      179 words
    • 69 3 AN ITALIAN FIRM, Sambonet, has been awarded a $1.4-milli«i contract to supply all of Hotel Oriental Singapore's silverware seeds. Oriental's food and beverage manager, Mr Rail Oklets, recently visited Sambonet's factory in Vercelli, north Milan, to complete the order. Pictured from left are: Mr Ohlets, Mr
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    • 442 3  -  President of association puts forward suggestions By SHAHRIR ARIFF WAYS OF overcoming the problems of a shortage of skilled manpower in Singapore's modmi printing industry were put forward yesterday by Mr Koo Kok Kee, president of the Master Printers' Association of Singapore. Speaking
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    • 128 3 A LOCAL company is among four manufacturers which have secured a tender worth $35 million for the supply of telephone cables to Telecoms. The other suppliers, none of which are named in the Telecoms's statement, are from Korea and Taiwan. The tender is for
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    • 119 3 THE PUBLIC Utilities Board will be connecting a new water main to the existing one at 16km, Yio Chu Kang Road, between 9pm on May 15 and sam on May 16. During this period, there will be poor pressure or no water supply in Lorong Lentor,
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    • 256 3  -  By JAIME LYE THE NUMBER of Thai tourists visiting Singapore is still falling, 18 months after Thailand imposed an exit tax on its nationals. In the first two months erf this year, the number of arrivals from Thailand fell 10.6 per cent to 16,569.
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    • 48 3 COMMUNITY development in an urbanised society will be the theme for this year's pre-univer-sity seminar to be held next month. Speakers include Dr Tay Eng Soon, Minister of State (Education, and Communications and Information) and Mr Wong Kan Seng, Minister of State (Home and Community Development).
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  • Page 2 Advertisements
    • 296 2 /< I 200 I •J A I Take This CbupcnTbYxir Travel Agent And Save $200 On A Ran Am Return EaieTbTheUSA. Hurry in to any Pan Am travel agent with this coupon right now. Because youll instantly.save $200 on your return fare to any of the more than 40 LLS.A.
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  • Page 3 Advertisements
    • 129 3 14 May will mark the beginning of the first special session of the ITU World Telecommunication Forum and Exhibition to be held in Singapore. It is the first of such a session to be held outside Geneva. Leaders and experts of the Worlds Telecommunications administrations and industries will meet at
      129 words
    • 141 3 p -s'v r» V. I^. j Wk ft w W. Qementi Park Phase 3C iture at your very doorstep. Comprising Gate House and Carriage House, a pair of artistically designed condominium blocks set amidst acres of sprawling landscaped meadowland just off Sunset Way. Qementi Park Phase 3C offers the ultimate
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  • OVERSEAS
    • 127 4 UPI NICARAGUA has asked for an urgent meeting of the UN Security Council on what it called "economic aggression" by the Reagan Administration with its trade embargo on the Central American country. Nicaraguan Ambassador Javier Chamorro met the- UN council president Birabhongse Kasemri
      UPI  -  127 words
    • 456 4 Reuter UPI THE Reagan Administration said yesterday that it would press for world trade liberalisation talks next year, in spite of its. failure to win unanimous support for such talks at the Bonn economic summit. State Department spokesman Edward Djerejian said:
      Reuter; UPI  -  456 words
    • 145 4 Reuter CANADIAN Prime Minister Brian Mulroney said he could not guarantee that the US Congress would exempt Canada from any surcharge on imports should trade talks fail and protectionist pressure increase. Mr Mulroney, under opposition party questioning in the House of Commons following his return from
      Reuter  -  145 words
    • 298 4 Reuter PRESIDENT REAGAN will propose that the United States and the Soviet Union set up a direct communications link between their military headquarters when he addresses the European Parliament today. White House spokesman Larry Speakes said yesterday: "We see it as some sort of
      Reuter  -  298 words
    • 281 4 AP Reuter RUSSIA'S ruling poUtburo on Monday approved measures to alkm Soviet farmers to have larger private garden plots beginning next year. The official news agency Tass reported on the politburo meeting but did not specify how much more linri would be placed in
      AP; Reuter  -  281 words
    • 756 4 ARRIVALS*" departures A w Operator Sorvko Loeol Frao. Oporalor ■wmktr time PAA PA2) 0020 LAX/TYO/HKG SIA CAL CJ0I0 0615 JED/OHA JHAI MAS MH68I 0620 KUL SJA KAL KE624 0640 KUL *A MAS MH603 0905 KUL GJA MAS MH671 0935 KUL MAS MH611 0940 PEN SA RBA BM2I
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    • 351 5 Reuter A SENIOR Opec official hit out yesterday at what he called recklessly high production by non-Opec countries and warned of possible violent fluctuations in oil prices. Mr Fadhil al-Chalabi, deputy secretary-general of Opec (Organisation of Petroleum Exporting Countries) told an Arab energy conference
      Reuter  -  351 words
    • 237 5 Reuter NEW ZEALAND troops will stay in Singapore as long as their presence is welcomed by the Association of South-east Asian Nations. Prime Minister David Lange said in am interview yesterday that New Zealand had "given a commitment to those governments that there will
      Reuter  -  237 words
    • 337 5 UPI CHINA must scrap 40 per cent of its existing laws tad revise another 30 per bent to conform with the Bmntry's market-oriented economic reforms, a legal expert said. Gu Ming, director of the jChina Institute of Economic Law, told an international
      UPI  -  337 words
    • 81 5 Reuter AMERICA and South Korean military leaders met to lay the groundwork for their annual security consultations led by Defence Secretary Caspar Weinberger and Defence Minister Toon Sung Mln. Monday's talks focused On the perceived threat from North Korea and the arms South Korea needs
      Reuter  -  81 words
    • 185 5 AP A JAPANESE-GERMAN centre being built in West Berlin shows the two nations have revived their former "collaboration" and serves as a provocation during the 40th anniversary celebration of the end of World War H The Russina official news agency Tnss also accused the US of
      AP  -  185 words
    • WORLD IN BRIEF
      • 59 5 CONSUMER CONFIDENCE in the United States improved in April although purchasing plans slumped sharply, a management-supported economic study group has reported. The Conference Board said its index of consumer confidence, based on 100 points in 1969-1970, rose five points over March to 92.6. Public spending plans, however,
        59 words
      • 32 5 UNITED STATES Senate Finance Committee chairman Bob Packwood has announced the committee will begin hearings on comprehensive tax reform tomorrow with the intention of completing the bill this year.
        32 words
      • 45 5 FOREIGN INVESTMENT in South Korea rose to US$93 million in the first four months of this year from US$6l million in the same period last year. Finance ministry officials attributed the sharp rise to Seoul's efforts to remove various restrictions on foreign investment.
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      • 52 5 TAIWAN'S garment exports, a ma- jor foreign exchange earner, dropped 17.6 per cent in the first four months of 1965 compared with the same period last year. A trade source said cheaper prices in other areas such as China and South Korea had attracted overseas buyers away
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      • 30 5 THE PHILIPPINES' international reserves rose to US$79O million last week from US$66O million in midApril, the second increase reported this year, the Business Day newspaper has reported.
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      • 41 5 DISSIDENT SCIENTIST Andrei Sakharov will resign from the Soviet Academy of Sciences this week unless authorities give his wife. Yelena Bonner, 62, a visa to seek medical treatment in the West, The Sakharov Institute said on Monday.
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      • 44 5 Agencies AN INTERNATIONAL workshop on nuclear research opened in Beijing on Monday, the first time the Chinese have held such a gathering. Students from Third World countries are attending the gathering, which closes on May 31, the Xinhua News Agency said. Agencies
        Agencies  -  44 words
    • 200 5 AFP PHILIPPINES' armed forces chief General Fabian Ver yesterday demanded a speedier trial for himself and 25 co-accused in the Benigno Aquino murder trial. In a formal request filed by his lawyer, General Ver asked the court to allow no more postponements of hearings "to
      AFP  -  200 words
    • 427 5 Reuter JAPAN could abolish all customs tariffs on its imports of industrial products as a gesture of goodwill to help along preparations for a planned new round of worldwide trade negotiations, a Japanese official said in Brussels on Monday. The official, who asked
      Reuter  -  427 words
  • Page 4 Advertisements
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      421 words
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  • Page 5 Advertisements
    • 68 5 4 A W. I i# I V 3 Chef Monsieur Bertrand requests the pleasure of busy Singapore executives to enjoy his daily speciality. The tempting Plat du Jour includes: Baguette, Butter, Chefs Suggestion, Coffee, Chocolate Mints for only Ss2o.oo++. From Monday through Friday (noon 2.30 p.m.) For reservations, please call
      68 words
  • Page 5 Miscellaneous
    • 35 5 Doonesbury X W R m 0* t> V V f! in r •J. 1 tc>s* Sa H '^7?; BY GARRY TRUDEAU II&BN&TOSUaMjm. IALSOUARMBDTOnLL, TO6ETUKDAOVFOWR. £nr HBI,IBBit£*tNBPTD fc Si *F 0;^ TUllTi r. 3 JT«r* '•*7'
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  • TRAINING & DEVELOPMENT
    • 1321 6  -  By ZHOU MEI Economics Correspondent THE CONSTRUCTION industry is definitely not a favourite Choice of Singapore's schoolleavers in search of careers. Jhis is one of the main problems confronting the Construction Industry Training Centre (CTTC). Singapore's dependence on foreign labour is
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    • 571 6 Seminars and courses DURATION May 14-15 May 14-17 May 14June 18 May 14Ju«y 9 May 15 May 15-17 May 16July 29 May 17 May 18 May 20-23 May 20-24 May 20Oct 1 May 21 May 22-23 May 23-24 May 23-24 May 23-24 May 23-24 May 24 May 24-25 May
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    • 418 6  -  By PENG AILIAN THE Singapore Polytechnic has awarded 10 companies with certificates acknowledging their participation in its vacation training programme. The companies which had provided vacation Jobs for a continuous nineyear period to 1984 are Analytical Laboratories (S), Billings Leong and Rex
      418 words
  • Page 6 Advertisements
    • 276 6 Business people like to be among themselves. fr I. But o t i *'f >'• H j f. v ffiA l <• .;T -i H i'" i vr t t... 1 y< >».% f < v too close to g ether. i. v .5 s: V; With all their differences,
      276 words
    • 133 6 I k COMPUTERS CANT SOLVE ALL YOUR WRITING PROBLEMS Computers can't help yon write If yon don't know WHAT to say and HOW to •ay it. Poor writing kills hurt companies and employees. Customers aren't sold when they could be. Employees are denied promotions because they can't write well enough
      133 words

  • BANKING AND FINANCE
    • 744 7 SINGAPORE The American dollar fell sharply against most major currencies in thin and nervous late trading yesterday. The sharp fall was attributed to European profit-taking after its rise over the past several days. Dealers said most operators were cautious ahead of yesterday's US Treasury's mid-quarter refunding. The dollar
      744 words
    • Article, Illustration
      178 7 Asian MUTES Ih mract •> «M prtM lHMta| ra(M «I 12 ma\* Mi 'mm** k S*c+tn. 7 day 1 month 2 2 month* 31—WN 6 month* 9 n>onth> 12 utmiO* us$ OHar 8 5/16 8 5/16 8 3/8 8 9/16 8 13/16 9 3/16 9 7/16 m 8 3/16 8
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    • 174 7 Interbank rates at 3pm yesterday: qoatod f) rooo partly rtiups Local dollars to ana unit of foreign currency: US dolor Storing pound Australian dolor islZ dolor Canadkm dolor 2.2380 2.6441 1.4855 1.0104 1.6158 2.2390 2.6476 1.4884 1.0131 1.6177 2.8196 7.3469 3.4286 3.4286 3.4206 -20.63 -64.01 -56.67 -70.53 -52.76
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    • 228 7 HONGKONG: The metal closed higher yesterday oil the weakness of the US dollar. Dealers said a large number at orders were executed but positions were generally small. The immediate outlook for gold was cloudy as the dollar was still searching (or direction. The metal closed at U*****.20/70 an ounce
      228 words
    • 75 7 THE OVERNIGHT rate on the Singapore interbank money market closed unchanged yesterday from 5% per cent on Manday. The one, two and threemonth rates were also unchanged. S$ Interbank rotes at 3pm yesterday: Offer M Over night 5 3/8 5 1/4 fJrionih 5 3/16 5 1/16 2-monrtt 5
      75 words
    • 322 7 BA Futures JUNE Earadsllar opened bullish at 91.37 but lacked momentum in view of the overbought market and indication that federal funds would open above 8 per cent. Currency futures opened higher and gained further grounds as the dollar retreated from its overbought level on the spot market June
      BA Futures  -  322 words
    • 146 7 Reuter ARGENTINA has made progress towards a new agreement with the International Monetary Fund (IMF) to free funds needed for foreign debt payments. However, special debt negotiator Mario Brodersohn said Argentine difficulties in obtaining statistics on its fiscal deficit were slowing progress and a
      Reuter  -  146 words
    • 45 7 Reuter THE FEDERAL Deposit Insurance Corp has adopted a policy to disclose publicly final enforcement action it takes against banks. The board will put the policy into effect from next January 1 in order to give banks time to prepare for it Reuter
      Reuter  -  45 words
    • 330 7 Reuter PRESIDENT REAGAN'S recently imposed embargo on trade »nk« between the US and Nicaragua may seriously disrupt the repayment of Nicaragua's foreign debts of more than US$4 billion. US banking sources say by closing the door to one of Nicaragua's largest export markets,
      Reuter  -  330 words
    • 199 7 THE LOCAL branch of State Rar.k of Tnriia has mranwri a US$B.55 million deferred payment guarantee facility for Aluminium Industries Sdn Bhd. The facility, signed on Monday, carries a commission of one per cent per annum. The maturity dates are March 1989 and June 1992. Besides
      199 words
  • Page 7 Advertisements
    • 54 7 CAMUS XO ELECTED THE BEST i ilij ft v» The International Wine Spirit Competition 1M4 GOLD AWARD Producer c m Entered by THIS IS TO CERTIFY that the above Award waft made aftar aoafeaia aod bikd taatine m full International CanseLitioo and m accordance with the IWSC Index ft CAMUS
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  • FEATURES
    • 458 8 THE TRADE Development Board has come of age, it would seem, judging by the bold steps it is now capable of taking to help Singapore-based manufacturers and exporters. Less than three years after it was set up, the board's own infrastructure is now firmly in
      458 words
    • 1559 8  -  Stepping into the computer age is posing special problems for China It's like taking someone who's worked on a bicycle all his life and suddenly handing him a six-cylinder engine to work on. In the short term, the problems of poor maintenance and under-utilisation are critical, given
      NYT  -  1,559 words
    • 628 8 AFP NG KA-SHING, a 26-year-old street vendor, was overjoyed when his parents arrived from China for their first trip to Hongkong until he saw the bills. "For them it was fun. For me it was painful," said Mr Ng, who ended up shelling
      AFP  -  628 words
  • Page 8 Advertisements
    • 155 8 I In You won't win tomorrow's business battles with yesterday's technology. The game plan in business isn't for children. It's a serious matter of marshalling the right information, sizing up the strength fIHH of the competition and making the right decisions to win the business battles. That's why companies in
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  • Page 8 Miscellaneous
    • 648 8 CRYPTIC PUZZLE ACROSS I Food on the house? (5) 6 Donee with Uncle ond a bachelor (5) 9 Leader of the Outlaws (7) 10 She will persistently talk back to me (5) 11 Travels in Fronce (5) 12 Where softly to start orising (5) 13 A feller who shows some
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  • SPORTS
    • 594 9  -  Dunhill Cup failure shows pros need more self-discipline By WALTON MORAIS SINGAPORE'S failure to qualify for the flnab of the world's richest golf tournament showed up the need for pro golfers to take charge of themselves. PGA president Ong Ah Keng that this was one of
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    • 683 9  -  By SELWYN PARKER IT IS impossible to ignore the game of rugby in New Zealand, even if you hate it. Out of a total population of only 3.2 million, some half a million rugby-mad enthusiasts either {day the game or belong to clubs that play it.
      683 words
    • 166 9 UPI WORLD record holder Zhu Jian Hua, overcoming a left leg injury, easily won the men's high Jump at an international track and field meet in Tokyo on Monday. No world record was marked although five meet records were shattered. Zhu, 22, starting
      UPI  -  166 words
    • 300 9 UPI IVAN LENDL overcame a slow start »"H cool, clammy conditions to beat Christo Steyn 7-5,6-3 on Monday night in an opening-round match of the U*****,000 Tournament of Champions. Lendl, the second seed and winner of his last three tournaments, needed a service
      UPI  -  300 words
    • 202 9 Reuter UNDEFEATED Michael Spinks t will defend his undisputed world light heavyweight title against fellow American Jim McDonald on June 6 in Las Vegas, promoters said on Monday. Spinks, who will be making his 10th title defence since winning the World
      Reuter  -  202 words
    • 70 9 AFP I ONE OF Australia's strongest contenders to defend the America's Cup in 1906-87 has been forced to switch its preparation* to the nation's eastern seaboard. Lack of competition on the west coast has persuaded Task Force 87 Syndicate chief Kevin Parry to take his yacht Kooka-
      AFP  -  70 words
  • Page 9 Advertisements
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  • Page 9 Miscellaneous
    • 1116 9 HIGHLIGHTS The H#ort Of The Oregon: Believing Bp(n i 12 The leader of a successful production brigade in Shandong believes in the future of Communism. In the mountains, an 86-year-old Daoist priest believes that he can lengthen his life by doing breathing exercises and practising martial arts. In the cities,
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  • INTERNATIONAL STOCKS
    • 383 10 Reuter AUSTRALIAN publisher Rupert Murdoch and Denver oilman Marvin Davis may be laying the groundwork for a fourth television network with their proposed US$2-billion purchase of seven Metromedia Inc television stations. Analysts said the two businessmen could ultimately steer the Metromedia broadcast
      Reuter  -  383 words
    • 114 10 Reuter FINANCIER Ivan Boesky is believed to be buying shares in Warner Communications Inc. A Warner spokesman said the company had heard such market talk, but he did not know if it was true. Mr Boesky could not be contacted for comment. Warner
      Reuter  -  114 words
    • 302 10 Reuter THE STOCK market finished slightly higher on Monday as new reports that big institutional investors were low on cash dampened trading. The Dow Jones Industrial Average gained 0.55 points to 1,247.79. Advances led declines by a narrow margin. The volume on the New
      Reuter  -  302 words
    • 130 10 MAY 06 Abitib) a 17* inch Imp Oi btco 52* 18* -M AJcan 32* 21* Int Pro* FHp« Int Uf» 21* Algomo Kwt Add 15 unch 26* 18 unch 12* -kk Maiuy Farg 2* inch Mc BkxM 22* BP Tan Ltd 35 Motion A 15* Brtncan 29* Moor*
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    • 208 10 MAY OA WooKrorlh 1500 INOUSTttALS MM MNGS A Alpha 775 -50 2575 15 Abf com 152 unch Angtvooi 8500 unch AE And O 800 420 uneh Stes" ***** ***** 2385 AMIC 2675 Chortar 415 -5 1140 15 Con* OoM ***** C G Smith 2350 CNA 2608 1050 25 400
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    • 663 10 MAY 0* Alcon AJurrwi Alcoa Alaghany Lud AWd Cham Cp ABad StOTM ABt-Chaiman Am Brandt k»c Am Broadcast Am Can Co Am Cyunomid Am Elac P«f Am Exprou Am Horn* Prod Am Motor* Cp Am Natural Gat Am Tal 8 Tal Amax trie Amarada Haw AMF he Am
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    • 888 10 Amsterdam MAY M Fh A8N A*gon Ahold Afcio amev ***** imh 184 80 -0.2 ***** +0.5 112.30 -0.6 241.00 unch Ainla Anvo Bonk Baikal Bob 75 60 »*Kh 57 40 +14 9570 +0.5 ***** -4 Botkafat Bur Tat Colond Co»v« J 89 80 -7.2 3800 +0.2 486 00
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  • Page 10 Advertisements
    • 208 10 Wtoe to «Nm, iiitte tutd entertain Kis b: I «=s> MEISAN \amed alt«'r th»- mountain in the S/.»*i huan pro\ in( r n nou ni'd for its h* rhs and spif cs Thf Mcisan S/f< huan Restaurant i aplun-s the l\ picdl S/fi huan flavours distinguished hv its aromatii spn
      208 words
    • 95 10 dynamic the s Ta vcto. s^-SfesJsSss? s A i HOTEL ASIA Many happy muma 37 Scotts Road. Sngipore 0922 W737B3Ba"fete* RS ***** HOTASJA Le. Piescadou Restaurant Provencal i# ie introdu inary d of Provencf\ ncm thm rustic charm of region in Franca, the becirty and fragrance of tka land from
      95 words
    • 88 10 o)><A Time: 12 noon 2.30 pm Prtce:sl2.CXr Fashion Show: 1.15 pm Modriity; CWhMbr TopTtend PRESIDENT MERLIN HOTEL SINGAPORE 181. Kitchener Road. Singapore 0820 Tel: *****22 A sumptous buffet lunch awaits you with savoury specialities to please the palette. Our menu includes popular dishes such as Sotong Samba I, Gado Gado,
      88 words
    • 100 10 unkal Japanese Restaurant Sushi, sashimi, teppanyaki and other famous delicacies from the land of the Rising Sun are prepared by three resident Japanese chefs. Businessman's set lunch from $8.50-H--FURAMA SINGAPORE HOTEL 10 Eu Tong Sen Street, Singapore 0105 Tel: 533 3888 King s den Sheer Relaxation! A lounge of whimsical
      100 words
    • 140 10 London stocks^ p*g* 14 V 1 i 5* bFfcng Ch*ng L6u Teochew Restaurant for the best Teochew delicacies in town, t Discover our famous dian-xin, delicious steam-boat Teochew porridge and other mouth-watering 1 delights prepared by Hong Kong K chefs. And feel like royalty while IC you dine in Oriental
      140 words

  • ASIAN STOCKS
    • 347 11 HONGKONG: Share prices closed a shade lower yesterday on profittaking following Monday's sharp gains. Brokers said the retreat was expected as investors needed time to assess the market's direction. They noted that Monday's rise was fuelled by news of takeover bids for Lee Hing and of mortgage rate cuts
      347 words
    • 201 11 MAY 07 At Srctrt Indus NT 2.67 23 30 -0.05 Kuochan Da* Lien Hwo Indus Nan Ya Plos Pacific Cons Pacific Beet Wire 1. 15.70 12.40 27 00 17.70 14.10 unch unch unch 0.1 -0 05 23.70 +0.4 Pootung Paper 1.35 17.00 -0 04 48 50 LTKh Chan Loona
      201 words
    • 367 11 TOKYO: Share prices fell back yesterday from a firmer opening in light trading as the market was slow to revive after the holiday week and investors remained wary because of concern over the US economy. The market average lost 38.95 to 12,506.30, cutting into Saturday's 93.46 gain, on turnover
      367 words
    • 93 11 MANILA: Share prices closed mixed in quiet trading yesterday. The mining marker was down 2.36 to 651.96, the oils index rose 0.018 to 0.653, while the commercial and industrial marker was steady at 131.98. MAY 07 Pant 0 0014 unt+i Marinduqua B Maritaal Oriental B Mw B 0 0014
      93 words
    • 373 11 1 SYDNEY: Australian share mar--1 kets closed at a record high yesterday on institutional support for selected industrial stocks. J The all ordinaries index closed off its day's high of 880.3 points to finish at 878.2, a 3.2-point gain on the day and eclipsing its previous record close of
      373 words
    • 165 11 BANGKOK: Stock prices closed lower in moderate trading yesterday. The Book Club index fell 0.40 point to 135.72 and declines led advances by six to five. Turnover rose to 370,711 shares worth 53.5 million baht from 211,659 worth 22.5 million previously. MAY 07 •abtt Swmuk 418 4 Siam Camam
      165 words
    • 66 11 MAY 07 Won 615 Hyundai Corat Hyundai Motor.. KAL 901 548 445 uncti 7 •1 585 662 -8 631 1 pmfciii kid 465 -5 Korea SHp 478 -4 477 -3 Lucky Ltd 590 inch 550 +2 705 unch Dong Ah 485 -2 790 -5 589 -I 1283 3 Hand
      66 words
    • 64 11 AP CHINA will buy 150 electric locomotives from France. Vice-premier Li Peng did not disclose the price China will pay for the locomotives but implied more such sales are possible by saying "there exists great potential for Sino-French cooperation". The Vice-pre-mier on Monday spoke to a
      AP  -  64 words
    • 438 11 AP CHINA has sanctioned a stock sale to raise 1.1 billion yuan to build its longest railroad line. The stock offering appeared to be the biggest since the Communist Party resurrected the oncedenounced capitalist practice last year to help finance economic development.
      AP  -  438 words
    • 121 11 Reuter SAMHO International Ltd of South Korea will sign a U5562.5 million syndicated loan later this month, lead manager Citicorp Capital Markets Group said. Saudi American Bank is a co-lead manager. The five-part package includes a $6.75-million performance bond with a guaranteed commission
      Reuter  -  121 words
    • 253 11 AFP A MAJOR credit card company has introduced new measures to prevent fraud in China, saying that -people have been using the cards to obtain foreign exchange certificates which they then trade on the black market. Richard Weden, vice-president and general manager for East
      AFP  -  253 words
  • Page 11 Advertisements
    • 826 11 %*1 421 H mr v. r Jf W, V///. v ,p** ,so MHf mm& FOR FURTHER INFORMATION CALL *****11 Whf th» hippy p*opl« go |A. W*. W^l *3 <3 COCKTML LOUNGE 1 Experience a new and refreshing concept in cocktail lounge entertainment. Experience The Gazebo. The frontispiece of Paramount Hotel,
      826 words
    • 40 11 Li*c '-"J fM. h. r-<i B w*Vw 1 1/ ■fen 4&a&«xa&m <**» ,-ftV K #®F **&c* V i 4 ?S5 For reservations please call 734 6622 ext 142 19 Caimhill Circle Singapore 0922 Our Chef's Recommendation: n v n n m
      40 words

  • RAW MATERIALS
    • 654 12 TRADE DEMAND for Australian wool is expected to remain strong during the rest of the current season ending June. This is partly due to a shortage of good Merino fleece, which helped offset a recent strengthening of the Australian dollar, according to industry circles. The
      654 words
    • 133 12 THE Australian mutton industry is being threatened as exports fall to their lowest since 1960. "Nowhere is the future of the sheepmeat industry more bleak than that faced by the mutton exports," said Sheepmeat Council of Australia president Perce Blandford. Mr Blandford told
      133 words
    • 257 12 Reuter EUROPEAN Community efforts to check spending on farm surpluses have been stalemated by West Germany resistance to cuts in grain prices. Community officials said on Monday the dispute called into question the group's will to win control of its runaway agriculture
      Reuter  -  257 words
    • 1047 12 COFFEE Robusta futures closed a subdued morning yesterday £12 higher to £7 lower compared with Friday's close. Spot May was unchanged at £2,165 and July was up £1 at £2,209. Prices found early currencybased support and July reached a high of £2,235 before falling back as sterling recovered
      1,047 words
    • 133 12 Reuter SENATE Republican leader Bob Dole has called for a plan to export surplus US commodities, saying it is clear there will not be international trade talks to reduce export subsidies. In a speech to the Senate on Monday, he said that it was clear
      Reuter  -  133 words
    • 103 12 THE KLTM price rwe 11 ceats to M$2B.M per kg yesterday, still below the ITA tower range «C $21.15 and %3ZM. There wu ceatiaaed baying (ram Japan, the US and locals, wbe teak a beat 89 per eeat ef the 141 tonnes en offer, dawn tram 1M oa
      103 words
    • 216 12 SINGAPORE The market closed higher with May One RSS buyers quoted at 167.25 cents per kg, up 1.25 cents from Monday. The morning market held unchanged at overnight levels in quiet trading. Prices then firmed in the afternoon but trading remained quiet. MALAYSIA Prices closed steady at 188.00 cents
      216 words
    • 319 12 RAS prices in S centtAg, FOI in b oles NOON CLOSE Beyers c -ii— Beyers C -M Int 1 RSS Prompt 166 00 167 00N 166 75 167 75N Int 1 RSS May 85 166 00 166.50 167 25 167 75 Int 1 RSS June 85 166
      319 words
    • 93 12 (cwiti/kg, l-to« p MAY 85 JUNE 85 (currant month) (forward month) NOON NOON RAS f M JWtn Bvytrs S«N«r* SSR 20 167.00 169 00N 169 00 171.00N SSR 50 165 00 167 00N 167 00 169.00N MRELB l«r*n S«4Wn B«r«n S SMR CV 210.00 212 00N 212.00
      93 words
    • 227 12 WHEAT futures closed 2Vi to IV* cents a bushel higher on the Chicago Board of Trade on Monday. Volume was light. July closed near the top of a 3Vi-cent range. Futures rallied after nearing contract lows at the start, buoyed by strength in other pits, notably soyoil. Nearby May
      227 words
    • 157 12 Yarn (In HK$ par bota <rf 400 N>) China carded yarn, cones Btue Phoenix 16's 2,550 Blue Phoenix 20S 2,700 Btue Phoenix 32'* 3,300 Blue Phoenix 40*$ 3,650 Carded yarn, hank Blue Phoenix 21'* 2,900 Combed yarn, cones Bkje Phoenix 32'* 4,350 Btue Phoenix 40** 4,500 Open-end yarn 2,400
      157 words
    • 85 12 Reuter INDIAN sugar production in the first half of the 1964/85 year ending September rose to 5.34 million tonnes from 5.06 million in the year-earlier period. Total off-take in the period was 3.89 million tonnes, including 395,000 tonnes of imported sugar, for domestic consumption and 2,000
      Reuter  -  85 words
    • 235 12 SOYBEAN futures closed 6'/« to 4Vi cents a bushel higher on the Chicago Board of Trade on Monday. Volume was moderately light. July closed near the top of a 7Vi-cent range. Limit gains in some months of soyoil sparked a rally in soybean prices, with the rebound of foreign
      235 words
    • 398 12 AFP OPPOSITION and independent members of the Philippine Parliament have urged President Marcos to revive a National Assembly inquiry into alleged anomalies in the troubled sugar industry. They said the irregularities involved one of the President's close associates. The appeal by 68
      AFP  -  398 words
    • 146 12 Chines* Produce Exchange (S«M«n' noon ctowno pricos on May 07 SS/100 kfl) Coconut oil Bulk FOB 140.00 Old drum FOB 153 00 N«w drum FOB 157.00 Robcsta 20/25% FOB NSW Nutmeg 110 FOB NSW E&W FOB NSW Gombier FOB NSW 477.50 396 00 248 00 330.00 Copra Mixed
      146 words
    • 171 12 MALAYSIAN crude palm oil prices closed off the day's highs yesterday on profit-taking after early levels were supported by a limit-up close in Chicago soybean oil futures. Pakistan's reluctance to accept offers at its RBD palm oil tender also prompted late short-selling. May deliveries in south region closed
      171 words
    • 269 12 Singapore C-l Ord unq (SJ/kfo, •*-9odo*m) Loonzain Rice Fragrant new crop i.* nuA 100% 1st grod* 100% 2nd grodc 2nd 0.64 100% 3rd (rod* unq 3rd 060 Parboiled Rice New Crop no stock 5% 227 25% 10% 222 10% no stock Thoi Broken Maize i«tq A-sup*r Special 0.56 0.54
      269 words
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  • SHARE INFORMATION
    • 4109 13 INVESTORS continued to shun the Singapore stock market yesterday, causing a mixed close after a day of quiet trading. The BT Composite Index feU 0.18 point to 706.96 and the Straits Times Industrial Index lost 0.78 point to 789.31. Volume was
      4,109 words
    • 234 13 SINGAPORE Rises Indices 140 M BaMuag 600 Haag Fat 123 Nad ISO SiM Da*y S0« 198 Mi Yaafl 243 IllMI III Mm Carya 338 H Lmm Fa 292 J C k2FH 115 1 m«m Carp 109 Falls +20 10 ♦7 5 +4 3 3 2 ♦2 +2
      234 words
    • 2360 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".
      2,360 words
    • 212 13 BRITISH-AMERICAN TOBACCO CmpMy (Slagapare) limited: Forty-sec-ond AGM at 57 Senoko Drive, Singapore tomorrow at 11.30 am. DUNLOP MALAYSIAN INDUSTRIES Berkad: Twen-ty-fourth AGM at 4 Jalan Tandang, Petaling Jaya, Se Lang or tomorrow at 9.30 am. E8SO MALAYSIA Berfcai: Twenty-sixth AGM at the Ballroom, Equatorial Hotel, Jalan Sultan Ismail,
      212 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 733 14 UNITED ENGINEERS Malaysia Bhd (UEM), which is seeking approval from its shareholders and the various authorities for its proposed financial reconstruction scheme, is determined to regain its position as the premier engineering company in Malaysia. According to its managing director, Dr Ismail
      733 words
    • 583 14  -  By AMY CHEOK EFFORTS by United Industrial Corporation Ltd to strengthen its presence in China are continuing. In his latest annual address, UlC's chairman Mr Lee Kim Yew said the group has invested HK$B.2 million for a 51 per cent interest in K+E Company
      583 words
    • 97 14 HONGKONG Monday 1221.8 Week ago 1214.7 Hong Seng Index Tuesday 1593.26 Monday *1596 43 NEW YORK Week ago 1520.56 Dow Jones Monday 1247.79 TOKYO Friday 1247.24 Week ago 1259.72 Tokyo Dow Jones Tuesday *****.30 Monday Closed Standard Poors Week ago *****.29 Monday 179.99 Friday 180.08 TSE Index Week
      97 words
    • 209 14 Managers' prices Third B'putro Fourth B'putro 4.13 4.57 4.18 4.62 for May 8 FfHh B'putro Sixth B'putro Seventh B'putro (A) 2.96 3.01 Singapore Unit Trust 3.00 1.84 305 1 89 Th« Commerce 1.96 2.06 The Savings Fund 1.39 1.47 S'pore Prog Fund 0.82 0.87 S'pore Sec Fund 1.21
      209 words
    • 976 14 THE STOCK market closed easier yesterday, fallowing a larger-lhan-ex-pected 2V« to 3 per cent rise in UK M-3 money supply figures (or April, dealers said. Government bonds lost up to 13/16 point while share prices reversed initial gains with the FTSE 100 share index at 3.30pm down 4.1
      976 words
    • 444 14 THE MELEWAR group, headed by members of the Negri Sembilan royal family, is prepared to pay as much as MssB million for the controlling stake in pub-licly-listed Malaysian American Assurance Co Bhd (MAA). This is based on the closing price of Msl6
      444 words
    • 630 14 THE KUALA LUMPUR stock market finished lower on most fronts in quiet and dull trading yesterday. However, selected counters which caught investors' interest rose on fresh support. Overall, share prices were marginally lower. The market generally moved lower after the opening bell
      630 words
    • 1913 14 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Aiinomoto (3.205) xd A Cboc (2.005) (1) 1.99 (34)
      1,913 words
    • 317 14 THE LONDON Stock Exchange is to introduce currency options later this month, paving the way for the "Big Bang" and setting up the exchange as a competitor to the London International Financial Futures Exchange. Two non-stock exchange members Standard Chartered Bank and
      317 words
    • 509 15 wira mm™ By HOCK LOCK SIEW CURIOUSER and curiouser. The general offer document issued by Bumiputra Merchant Bankers on behalf of Raleigh Bhd for Cold Storage (Malaysia) makes you wonder whose side the bank is on. Not that the document is weighty. Most of its 28
      By HOCK LOCK SIEW  -  509 words
    • 637 15 FOR THE first time since its listing in 1975, Dah Yung Investment Ltd is tapping the market for $12.55 million, and is throwing in a bonus issue, also its first, as a sweetener. The proposed issues represent a major restructuring of the
      637 words
    • 763 15  -  Malaysian connection to buy 62pc of HICB through share swap By NAJEEB JARHOM WHILE their Singapore Kwek counterparts watch from the sidelines, the Malaysian group headed by Mr Quek Leng Chan (nephew of Mr Kwek Hong Png, patriarch of the local Hong
      763 words
    • 74 15 SHAREHOLDERS of Overseas Unto 8eearttftes Ltd, at its AGM on April 25, passed a resolution allowing directors to issue shares at any time to persons they deem fit, provided the number of shares issued does not exceed 10 per cent of its existing issued share capital. MALAYAN United
      74 words

  • Page 15 Advertisements
    • 120 15 r c V- > v 4 > *S€ i I J >. VC V ■i I fi > 4 Ji/pcrUuJ tfr S? V* (ft* 4' A/oid die business On British Airways Super Club you'll never get squeezed into a centre seat. Because there are no centre seats. Our seats are
      120 words

  • 487 16  -  By LEE HAN SHIH ANOTHER DELAY in building the $1.2 billion Marina Square has given Raffles City the chance to open a hotel ahead of its rival. But its developer, DBS Land, is in no hurry to grab this opportunity. The latest
    487 words
  • 241 16 Reuter WEST GERMANY fears its relations with both Paris and Washington have been strained by last week's Bonn summit and President Reagan's visit to a German war cemetery. Government sources in Bonn said yesterday that the leadership was also worried that the problem
    Reuter  -  241 words
  • 488 16  -  By PENG AILIAN THE FORMER HEAD of the Inland Revenue's Legal Section, Mr James Chia, has won his appeal against a High Court order striking him off the rolls of advocates and solicitors. Following the judgement of the Privy
    488 words
  • 312 16 A sixty-year-old director of 11 companies, Tan Cheng Chow, and Indonesian, Arraan Suwono were fined 120,000 each on four cheating charges involving $6.5 million yesterday. Tan is also honorary chairman of the St John Ambulance and the chairman of the Serangoon Community Centre management committee.
    312 words
  • 311 16 CHINESE Communist Party Chief Hu Yaobang had nine hours of talks with North Korean leader Kim 11-Sung during an unannounced visit to North Korea over the weekend, the Xinhua News Agency reported yesterday. It said Mr "Hu, making his third trip to
    311 words
  • 159 16 AFP FREE MARKETS accounted for 10 per cent of retail sales throughout China last year and their econopiic role is set to expand. An official of the State Industrial and Commercial Administration yesterday said retail sales in free markets would grow by 20 per cent this
    AFP  -  159 words
  • 64 16 AP THE STOCK MARKET opened higher yesterday after posting slim gains on Monday, but confusion continued about the course of US interest rates and the American economy. The Dow Jones average of 30 industrials was up 2.32 points at 1,250.11 in the first half an hour, with
    AP  -  64 words
  • LATE FILE
    • 52 16 Reuter Australia's unions announced a second and longer blockade of Queensland. The Australian Council of Trade Unions (ACTU) said the cutting of road, rail and airfreight for 48 hours from Tuesday midnight was imposed because the state government had refused to reinstate about 1,000 sacked power
      Reuter  -  52 words
    • 38 16 AFP Twenty-two anti-apartheid demonstrators were arrested outside the South African Embassy in Washington. Another group staged a sit-in at the office #of a foreign exchange and precious metals firm, Deak-Perera which sells South African Krugerrands. AFP
      AFP  -  38 words
    • 42 16 AFP The volume of Hong kong's exports grew by 21 per cent between February 1984 and February this year, the Government Census and Statistics Department reported yesterday. Domestic exports rose by 15 per cent. AFP
      AFP  -  42 words
    • 61 16 AP Foreign business investment in South Korea in the first four months of this year rose 52.5 per cent from a year ago to US$93 million for 35 projects on an approval basis, the Finance Ministry said on Tuesday. Officials said that Japan was by far
      AP  -  61 words
    • 57 16 Reuter A five-day-oM strike by 265,000 civil servants increasingly hit ordinary Swedes yesterday as fruit and vegetable prices rose and returning holiday-mak-ers were forced to make long coach journeys from other Nordic capitals. Shopkeepers said prices of fresh foodstuffs had risen substantially since the Civil
      Reuter  -  57 words
  • Page 16 Advertisements
    • 82 16 US will •till !Nk trad# liberalisation talks, Paga 4 The American Club Northern Telecom (Asia) Limited Tang Design SSC B: Lintas SEA Sdn Bhd Phoenix Assurance PLC Santaico Trading Pte Ltd London Guarantee Reinsurance Co. Ltd McDonnell Douglas Ltd. Singapore Construction Industry Development Board Chilean Trade Promotion Bureau (PROCHILE) Business
      82 words
    • 67 16 Free Whiskey We've 110 brands of whiskey Singapore's largest selection. Ask for a brand we don't stock and have a first Chivas Regal on the house. Sit back, relax and enjoy our nightly entertainment The Peacock way. At the Peacock Bar. Opening hours: 6.00 pm to 2.00 am daily. i
      67 words
  • Page 16 Miscellaneous
    • 58 16 Outlook for todoy: Fair except for showers in a few areas in the late afternoon. Report for 24 hours prior to 7 30pm on May 7 at th« airport: Maximum temperature 32.7 Associated humidity 64 Minimum temperature 24.4 Associated humidity 97 Hours of sunshine 8.80 Rainfoll in millimetres nil Rainfall
      58 words

  • SHIPPING TIMES
    • PORTSIDES
      • 99 17 Reuter AUSTRALIAN unions announced a second and longer blockade of Queensland, when the Australian Council of Trade Unions (ACTU) said the cutting of road, rail and air freight for 48 hours from midnight tonight was imposed because the state government had refused to reinstate about 1,000 sacked
        Reuter  -  99 words
      • 50 17 PENNSYLVANIA shipbuilding co, Chester PA, won a U*****.5 million contract from the Navy to build two T-AQ-187 class fleet oilers, the US Defence Department said. It said eight bids were solicited and five offers received on the contract, which is expected to be completed in December 1989.
        50 words
    • 341 17  -  Round trip to take a month Bv JUNE LIM A SOUTH Korean tramp operator will make its first venture into liner shipping. Hyundae Lines will test the water with a 5,500 dwt multi-purpose vessel. The Han Soo will ply between Singapore, Brunei, Sabah and
      341 words
    • 266 17 MEMBERS OF the two Trans-Pa-cific Eastbound Freight Conferences have withdrawn their decision to create a rate differential between mini-landbridge and allwater rates to the North America east coast. The operators of the Trans-Pa-cific Freight Conference of Japan and Korea and Japan/Korea/Atlantic Gulf Conference withdrew the
      266 words
    • 163 17 AFP AUSTRALIAN PORTS have re sumed almost normal operation af ter a campaign of bans by mari time unions that paralysed shipping over the weekend. The Australian Chamber ol Shipping said at least 85 vessel* were trapped in ports around Aus tralia at a cost
      AFP  -  163 words
    • 960 18 FT AS SHIPS GET bigger, it seems, so the industry's problems increase. This time round, it is the turn of the container shipping sector. Next could be the cruise ships. In past years, the tanker, gas and bulk cargo markets have
      FT  -  960 words
    • 176 18 Reuter THE ATLANTIC Richfield Co (Arco) has signed an agreement with Japan to study the feasibility of shipping Alaska north slope natural gas to the Orient, Alaska's governor Bill Sheffield said. The governor said Stuart Kirk, vice president of Arco
      Reuter  -  176 words
    • 110 18 Reuter POLICE said they had arrested a sailor from a British freighter who admitted starting a fire on board in which three crew died and three were injured. Police identified the man as R B Seaton. A senior police officer said he admitted that he threw
      Reuter  -  110 words
    • 221 18 UPI THOUSANDS OF illegal immigrants ordered to leave Nigeria scrambled to get on ships at Lagos port after neighbouring Benin refused for two days to receive them. The Benin government relented late Monday. Police were called to restore order at the I)ora
      UPI  -  221 words
    • 732 18 ARGENTINA Bueno6 Aires April 23th. 7 grain loaders. 10 days. New arrivals. 1-2 days. 33 vessels berthed. Rosario 10-15 days. 8 vessels berthed. 7 vessels anchored. San Lorenzo 3 days. 4 vessel berthed. Necochea 8 grain loaders. 3 weeks. 4 vessels berthed. Bahia Blanca 13 grainloaders. 5 days
      732 words
    • 390 18 May M Interamerica Reinsurance meeting '85, San Juan, Puerto Rico, June 19-20: Cruise 85, international conference and exhibition, London Hilton on Park Lane, London. May M 17th annual offshore technology conference, Houston, Texas. May 3-13 Nor-Shlp-ping '85, the 10th International Shipping and Maritime Offshore Exhibition and Conference, SJolyst
      390 words
    • 841 18 A Top Ent X 2 At»o VI 3 Ahrankiat Lrtar X 1 AC To«pt#f X s Andaka Shpg VI 1 ANL 1 1 Ant oh Onent X 2 APC Line V 4 APL 4 Arrow Un«t X 4 ASCL 1 Auabr ok ar V 5 Altos Unas
      841 words
    • 212 19 FT SIR JOHN RIX plans to step down as chairman of Vosper, the hovercraft and naval shipbuilding company later this year. He will be succeeded by Mr Roy Watts, the former deputy chairman of British Airways and present chairman of Thames Water Authority. Vosper said
      FT  -  212 words
    • 404 19 Fairplay THERE WAS a minor stir on the Norwegian maritime front recently when a member of the country's largest law firm was revealed as the source of a four page document giving advice on how to avoid falling foul of
      Fairplay  -  404 words
    • 184 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 Yarn* shipping. AMRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container Line. Nedlloyd
      184 words
    • 321 19 FOURTEEN European countries are to lodge a Joint diplomatic protest to West and Central African governments over cargo reservation tactics which are threatening to drive shippers and shipowners out of business. An increasing number of African countries have agencies in Europe to direct cargo largely
      321 words
    • 432 19 Lloyd's List THE FIRST major wave of container ship scrapping is near, as the surge for modern charters encourages newbuilding orders and even greater overcapacity. A restructuring of liner markets and increased turnover of the fleet is expected to come from the major technological advances
      Lloyd's List  -  432 words
    • 77 19 UTILISATION rate for offshore mobile rigs in the Gulf of Mexico last week edged up by 1.6 points to 76 per cent. Of the 254 rigs positioned in the Gulf, 193 were employed while the remainder were without contracts or near-term work commitments, four fewer than
      77 words
    • 189 19 Reuter THE 117,596 ton tanker Japan Aster was not attacked in the Gulf last Thursday, a spokesman at the Labour Relations Agency of the Japan Shipowners Association said. A Reuter report from Bahrain quoted Gulf shipping officials as saying two tankers, the 20,285 ton Liberia
      Reuter  -  189 words
    • 3038 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.
      3,038 words
    • 704 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Ship Voy Arrival date/time Operator for LCL cargo movement schedule Location Cardigan Bay Glory Ace B Melati L Ajitha Sea Hawk Arthus Ms Nuptse Takari 1 Monte Ruby Uni Forward A New York Gowa Woensdrecht New
      704 words
    • 1734 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A-B A PEA African Shipping Agencies «Si Afra-Earaate Liar Transgroup ISI Ahrraklel Liarr Servire Kim Shpg (Si Alfred C Tarplrr Ooranus Shipping A gen cies (Si Manntex Enterprise (PKI Alpar Imrasea (Si Bintang Shpg (KLi
      1,734 words
    • 427 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Auby Berlin Bislig Bay B Tanjong Clydebank Equator V Katort No 6 Donam Titan B Prasetya Builder III Oerbera Lin Petallng Monteste Ned Madras Nlnhco Phethal Samoan Reefer San Juan Wah Fal K25W K28 K35 K9 K18
      427 words
  • Page 17 Advertisements
    • 281 17 Pubkahmd by TIMES BOOKS INTERNATIONAL Times Centre 1 New Industrial Road Spore 1953 T4: *****44 S fi A o» lim»s or Qar»senior 556.50 mm AS SHIPS GET bigger, it seems, the industry's problems increase. This time round, it is the turn of the container shipping sector. Page II EUROPEAN countries
      281 words
    • 222 17 UNITED ARAB SHIPPING CO {SAG} SF ALORO SHIPPING AGFNCIES 70 Shenlon Wmy 04 0?C Manna House Singapore 020 T*t T et« No US ,>S4 CFS office TPC 03 JO Tel *****31 ind ???063? T»rm.n»l off.ce TPC 03 79 T»l No *****90 *****93 sUASC ■> T.T ;i irM:\u}ia*\wMv.\ i:r:H:TTTr»ir: EXPRESS FULL
      222 words
    • 484 17 .[[<+;>)$`%\;!,_+;_^~}<":%=~*-_ f? MAERSK LINE PORT TO OS*. EUROPE. MIDDLE EAST. WEST AFRICA ASIA l• V« 11 \N 11' \s: < w\i CZC3B2Z3I ii. l ■nr ,w Tr^rr^T*.ii'i T-iirT7Tii. 1 94/5 19-15/5 LEX* 18-18/5 17-11/5 UM 23-23/5 24-25/5 ROM 39-31/5 31-1/4 IBM 44/4 74/$ LOUB 13-13/ C 14-15/8 LBS 14/5 1/8
      484 words

  • Page 18 Advertisements
    • 247 18 YAMASHITA-SHINNIHON LINE CONTAINER SERVICES S3 H.ill'l* USA/CANADA at Tokyo MIDDLE CAST E /I? TRANS SIBFRIAN SFPVICt Mabytian Bkf Aftnh: Aatffrfasdi Tra*| (If) Mi M Pan Asia Line, ltd. n Si Si 11/5 12/9 tt/5 »/5 a/s n/5 »a »a AGENT? SUNSHIP AGENCIES PTE LTD M».r Oft'< ?21?472 {5 lm«s) CFS
      247 words
    • 112 18 11 ZSupercamer Service 1 ICT^"IL> NOT UWIUMKI TOM 12/5. BMKf TNM 17/5. MMU MM 27/5 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA M total 12/5 14/5 13/5 17/5 K/5 23/5 27/5 Vt Vt 7/1 TOMt iart t mt lUMKKI t«H mpk| ca*t to IMa <Mt). S. TO: CARIBBEAN
      112 words

  • Page 19 Advertisements
    • 570 19 The Straits Steamship Group s mas* Mansfield Container Shipping Pte Ltd OveriHi Containers Limited CONTAINERSHIP SERVICE TO UK CONTINENT rpn pjutai 12/S 14/5 wi a/s a/5 34/5 •4/4 44/4 11/4 13/4 21/4 22/4 27/4 29/4 •4/7 44/7 11/7 13/7 24/7 22/7 11a H-W| Rraai 11/5 «2/4 44/4 •7/4 M/ 4
      570 words
    • 443 19 franco Belyuin Services rh, >-» A IMt MH( R (If Alt CONSORTIUM! i. I vwicmra kM «te,) r te, a te, ate, itm 2te HOUn IS te, (11 te,) Ite 4te Ite ll* ft* Hi mn Ml ak( (S Iter) II te 11 te 13 te 15 te Mia Hi
      443 words

  • Page 20 Advertisements
    • 363 20 i/ u Hapag-Lloyd TO CONTINENT UK On cantagt ta IM, Cantean IS. America ttinatiora in Europe tpm HMMI PMfUriMi 13/5 17/5 19/5 USA CANADA Qbt lw*a 12/1 1/7 29/6 26/41 5/7 7/7 taM, Mm 14/ C IS/S AMw f*« l»/« 0/7 6/7 tan Mm 14/S 16/6 H C«l 22/6 Cow-cb*■
      363 words
    • 191 20 M S LINE FULLY CONTA ISED SERVICE 10 FUKOtt Vl* Sl*' "I Mffitw ,hf cf Cwnortwn *f?OM fUROPf VIA SIM/ 1 A M*mo*r ot thf Ice Corwortmm QMM com*** 2* XOKM CNMKE 211 HONOUMB COnMO 4C 5/6 10/6 12/ C in FULLY CONTAIWRISFD !0 FROM NORTM R'C* WFSI IOAM rua
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    • 423 20 THONG SOON AGENCIES PTE. LTD. #09-07. ROBINA HOUSE. S PORE 0106. TEL: *****88. TELEX: RS ***** BOOKING: *****56 (DIRECT LINE) SINGAPORE TO PENANQ NIIMI 111 sn 7/95 hi tat I I SW «/«5 22 May 25 JERR9L SJ 7/15 14 Ilay SU t/t5 24 May SINGAPORE TO BRUNEI •JENSONIV SB
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    • 476 20 o EVERGREEN 1 Full Container Sf-rvre Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound Service (FE/EURO/USEC/CARIB/FE) US WEST COAST SERVICE FAR EAST/RED SEA/MEDITERRANEAN SERVICE OUTBOUND a/1 a/5 11/1 12/1 IVI 11/ l M/l IV* in in 2/1 1/5 11/1 7/1 VI a/1 11/1 IV* IV* ivt zz/i n/i a/i jv«
      476 words
    • 145 20 US I NOSE MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES ■MEfTDM nr. */5 KYOWA LINE TO PAPUA NIW GUINEA/ SOUTH PACIFIC KYONA COSMOS 11/5 kyapaa. Wawfc, Laa, PJkmkr.lMa.lWi lkM.LaMu.Swa Mrtaata. Pafa. Apia, OCENH QUEEN 7/1 4/1 kyapwa.Wawt. Laa. SUN UNION LINE marine line WEST AUSTRALIA
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  • Page 21 Advertisements
    • 606 21 V\v PACIFIC INTERNATIONAL LINES PIL Building. 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 EAST AFRICA/REDSEA SERVICES KOTA WVIAYA •-14/f I COLOMBO/CHITTAGONG/RANGOON SERVICES VOYAGE SINGAPORE RANGOON yTT7 BANGKOK DIRECT SERVICES INDONESIA SERVICES lnPt-10/5 KOTA ANGKASA KOTA SANTENQ FAR EAST SERVICE TAIWAN/JAPAN (FULI CONTAINER SERVICEI MID. S.E.A. CONTAINERS PTE LTD. (FULL
      606 words
    • 557 21 BENLINE CONTAINERS EKJJEBSEN LINE NtW ZEALAND sown east asa Stop M N| fc Hi a »/s i»/5 13/5 15/5 11/6 21/5 25/5 PMamfcy laa hw kmkrtm N> Tmn. Ml TWMCI 2S */9 9/9 14/9 17/1 IS/S xamM e 12/t 19/9 21/1 29/9 21/1 29/1 Acta** Fa MB ia mm., warn.
      557 words
    • 502 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINF ROAN YOKOHAMA eon* ¥15 22/4 25/4 MAJAPAMT V2O/IM 7/5 10/5 GO«t m W 23/5 24/5 iiki.:.ani?.'.f.':».w.i .11.' »,#>- UiJL 9/5 12/5 14/5 23/5 24/27/5 2S-31/5 5-11/4 12-15/4 «((iw* EKA JAYA AGENCIES <•: A M SISAI PTE LTD PI NAM. *1 4;S'. RORO CONTAiNER SERVICE TO
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    • 452 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR vDt SMPPWC CMPORtTION (Burmese National Line) Loadng for Rangoon S'pore 1/9 May 14/16 May Plata* Panant Heshwetyswywi ¥254W 11/20 May toys 11/20 May Patan VSSN 19/21 May It/ Pa-aN VS4W 4/8 Jmh BANK LINE I a Ji *i'l LfIAL SPORE I R'DAM HULL HMBG
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  • Page 22 Advertisements
    • 1184 22 v i Kline KAWASAKI KISEN KAISHA, LTD. USA CANADA PACIFIC COAST (larlMUag DESTINATIONS INLAND vt» IPI/MICRO BRIDGE MINILAND BRIDGE) FIDO/ Mono VESSEL STOW PKLG PENANG STOKE T/S PORT LA/LB SEATTLE ONOMt) *ANBC PORTLAID JONORE BUDGE *43 TOWER BUDGE *36 8 May 10 May 12 May 14 May (Kl) 28 May
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    • 482 22 zJ -!J CAUFORHW/PAOFIC NORTH WEST SERVICE EXPRESS CONTMCR/REEFER/BULK SERVICE lo«fcn( tor lOS MtGEUS. SAN FRANCISCO. SEATTLE TACOMA VANCOUVER BC Acccptint FCL/FCL Cootawfs AUSTRALIA EXPRESS CONTAMER SERVICE Acc<vtM| fa/FQ Contamn 10/12 Ma, 2S/X May 15/20 Jmc 27/21 M« 2/3 My Ma, 31 May 22 May 21 May AM May 16 bnt
      482 words
    • 510 22 SANKO ASIA FROM JARAN€SC RONTS ANO MO*ONO*G o P-Kaia* Mart/J May 11/12 Mar 15/11 May 14/17 HIT 22/23 May 24/25 May 27/21 May 1. UMON VOLANS 2 ROSEIAY 9/11 Hq 3. COTONE ROTON6 13/14 May FUKUZAKI MAMJ 13/15 May 5. TRJSAKTI 19/21 May 4. DQ SANTIAGO 21/23 May 7. OUDEN
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    • 396 22 INTRASCA IPTE) ITD I<7 Anson Ro«td 5 27 16 Inte'n.i'io"-' S'nqapore 0207 Tel ??4b S1 1 I 1 < L ,ies O BREAKBULK SERVICE TO EUROPE/UK FORT NELSON IMSMS Spare P. hr* 09 May ROTT/AMT/UJ. (AVON) SEA WOOD AND i wrnwt i anus* (fit) in nous wen WTME SMVtK Cfi.MM
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  • Page 23 Advertisements
    • 496 23 Abo accepting cargo to/from Scandinavia MAETERLWCK S'pore Closing Times: FCL Cargo 0700 15/5 LCI Cargo 1900 14/5 FROM EUROPE (VIA SUEZ) I 1 Singapore Sailed 14/5 21/5 28/5 6 11/6 K JACEJM 2K TWMKE 24E C CONTAIO 29L~ K CHANCE 21E HK CONTAIO 44£. 0 CHEF 43L 22/5 (13/6) Where
      496 words
    • 447 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON ins .IN" P!Uf« |(S PH I 10 in *S4ti RootnifK MO .V 1.'0.7 •(•p" .'.'."4*' >.'OS '*4 Ixmmjl > .'.'o.'4so ;.'n;sii4 <r» si Ml; I>M> «.IN' HMDS SI ll* SIIN HMI) HI IH 414 mo 414
      447 words
    • 479 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SMSOV BULDMG 55. Market Street Sincapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SMSOV SMGAPORE Telex Numbers RS ***** RS ***** RS 2510* P KELAN6 M/S SHARKAT NM4 SOON SON. BHD. IST ANO 2ND FLOOR. MESSRS HM THON6 SHPPWC 23 Ndd Quy
      479 words
    • 12 23 JAMBA TAN MERAH SDN BHD. P. KeUng: *****6/7 K.L. *****7/*****1 Penang *****
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  • Page 24 Advertisements
    • 463 24 Kcgionai Container Lines gl 4 Sailings weekly argnß Fast Reliable Regular •Punctual Berthing PS A Tue, Thur. Sat Sun Mm KONSODTIM RATV KONSORTUI REGULM/FIHO SERVICE TO PHUKET/SONBOA m mm skla •i HINODE KISEN CO. LTD MIDDLE €AST REGULAR.LINER I I.IK XHI W III"I < \KKIKK MONT OIYMPOS S'port 14/16 May
      463 words
  • Page 24 Miscellaneous
    • 173 24 m Regional Weather > Y* 4 m n x V V *2 v* t H £N I s J SW i!; ii SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed in knots Wave height LEGEND: Temperature c J nunoerstorm Weather Wind direction with speed
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  • Page 25 Advertisements
    • 143 25 Cheng Lie Navigation Co., Ltd. comma nw to in rm Mil 1 *7 M u/s u/i n/s a/5 a/5 17/5 a/5 a/s vn a/5 GENERAL AGENTS CONTMENTAL FEEDERS PTE. LTD.. Tmt *****91 Tatax: RS 21WS FEEDCRI UNIBAC (S) PTE LTD KTr""'v: NAVIERA UNIVERSAL S.A. UNILINE LONMBhr KLBOUME, TMMNGA, MfEEIE, NOIMEA,
      143 words
    • 146 25 DAIICHI CHUO KISEN KAISHA TOKYO Fna KAMMA/MKAY MAI SUN HUP CO P'f I H S M M Sdr Pel He'trxj NDON SHIPPING PTE LTD. 70.122*4920, *****39 TUttS ***** MDON WEEKLY LCL/FCL SERVICE A VESSEL 15/5. l«/ 5 BAIWC* A VESSEL 19/5 CALCUTTA (FCL ONLY) A VESSEL 19/5, 15/5 CMTTAfiOK BttBAY,
      146 words
    • 206 25 LIN LIN SHIPPING PTE. LTD. i im T«t BMW I WEEKLY SERVICE S'NGAPO«E TO KUCHING SIBU LIZENA PTE LTD nmniffrMUKSL LICORNE m i.IBBBAL I JJP UP ■f-MfM ,i VIM MV ARMAQNAC VSLBS CALCVTTA l/C Nedlloyd YOUR DIRECT LINK WITH THE CARIBBEAN PDft 4b Nassau VV. 8 V <vS> Santo Tom
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  • Page 26 Advertisements
    • 207 26 EAST ASIA LIN (Malaysian Flog) S'por* Ldg for R1 S3E Nfi Shipping Private Ltd. IT- TUMM7INOMV SEM-CONTAMER TO CHTTTAQONQ/CALCUTTA rTi- im-w m luLmm tuL PULL CONTAMER ACCEPTMQ LCL/FCL/SOC li szt S3 1 LOADING FO« HYUNDAE LINES REGULAR LiNER SERVICE rr —TIT 13 MIT 14 IMT MMM/K. KNMMLU AQMC OCEANRING MARINE
      207 words
    • 152 26 I CROSS WA TER 1 I IH i -fi* 1 "IK" I 'l M >3 SYD/lEL/BRB/AOEL USA/CANADA PORTS KW ZEALAM) PORTS EUROPE/UK PORTS 17/5 M/ 5 31/5 11/5 »/5 11/* J7/5 7/4 V/t 14/5 21/5 M/ 5 13/5 a/5 a/5 19/5 a/5 5/5 15/5 a/5 a/5 i«/ 5 a/5 a/5
      152 words
    • 504 26 1* C.Y. LINE (A Ktambr 01 Ttw ACE Consortium) CHO YANG SHIPPING CO. LTD FULLY COMTMEMKD SOMCt 10 BMK (W SUEZ) m E CtTSTUt If* JO sm I 15/5 us mm* MM \an a rat m n/5 a/i w i/« i/« 3/C 4/1 I/* u/« 13/4 1V« lt/« 17/1 lt/1
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    • 615 26 Zt COW ANA PERUANA DE WOEES (Cf.V.) "PERUVIAN STATE UNE" S K loath* tor Caiao Ma (van kMil otha» Parana* ports «nm transfcpment at Kote :K M O»CH TWa** Ms at la** to hoat destination W. TWHMHEKTT 12/14 MW 15/17 May f MmHEKTT 23/25 Iter HUGHEVERETT 31/2 1* 3/4 km
      615 words
    • 313 26 ZIM KM-cavßoci —e— nai com mo soma «u»M Fayia urjMt to USA East M Cant, Cmi»imJml Cuti ai NOT 1 IT f-1 /Tf -I >Tf -1 if.i rn ZIM EILAT CONTAINER UK rpM EM Irintt Upv Hn tomm ttibi 23 Mty Ikm 2lm M Utr Sim 21 M* Sl* 14
      313 words