The Business Times, 23 May 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 THURSDAY, MAY 23, 1185 60 CENTS
    12 words
  • 483 1 AT A TIME when shipping is still deep in the slumps, Neptune Orient Lines has ordered two new oil tankers at a total cost of US$5O million. And it has formed two jointventures Trilith Shipping Pte Ltd and Trilithon Shipping Pte Ltd
    483 words
  • 665 1  -  Opening in September if all goes well By AMY CHEOK THE GLASS HOTEL is almost certain to be managed by the French Meridien group because its owner, the Harapan group, is pushed for time in finding a suitable hotel management company to replace
    665 words
  • 142 1 UPI AFTER TALKS with Soviet officials that made a "solid start" on improving trade relations, US Commerce Secretary Malcolm Baldrige flew to Finland yesterday on the last stop of an a round-the-world trip. Mr Baldrige was scheduled to meet Foreign
    UPI  -  142 words
  • 245 1 AFP AP THE US cannot rely indefinitely on money from other countries to finance deficits in the federal budget and international accounts, said the International Monetary Fund (IMF) directorgeneral, Mr Jacques de Larosiere, in Vienna yesterday. He said some aspects of
    AFP; AP  -  245 words
  • Article, Illustration
    88 1 FINAL HOUR baying stopped the slide Is share prices yesterday bat the market still closed B«me bsyers remained cautions yesterday as they digested sews that most hasisessmes were pessismistie abeat prespects fer the next few menths. The BT CiipiiHe Index was little changed at 7IMB, dews by «.It
    88 words
  • 459 1  -  By ALVIN TAY PROMINENT developer Ng Teng Fong's prediction late last year of an upturn in the demand for residential properties has not materialised, judging by the sluggish demand for housing loans in the first quarter of this year. Buyers of
    459 words
  • 420 1  -  By YAP BOH HOON A TROPICAL FLORAL display has won Singapore a silver medal in the orchid section of the world renowned Chelsea Flower Show. About 4,000 Vandas and Dendrobiums adorned the Singapore stand, which also featured large fan palms (licuala grandis), 4.5metre
    420 words
  • Page 1 Advertisements
    • 139 1 jfe WATERMAN PARIS Writing instruments of distinction since 1884 lYade enquiries: Ttel: *****33 Get the most competitive rates on fixed deposits and savings accounts at UMBC FIXED DEPOSITS VM or call your naarait branch today Effective 2*5/85 Rates are subject to change without notice UNITED MALAYAN BANKING CORPORATION BERHAD Main
      139 words
    • 281 1 \mm SHARE INFORMATION DOONESBURY MONEY EXCHANGES THE UNNAMED retailer set to open its first store at the Crown Prince Hotel is now known to be Esprit De Corp o clothes maker which specialises in casual clothes for the young. Page 2 NEW SOVIET LEADER Mikhail Gorbachev has proposed an all-Asian
      281 words
    • 12 1 Full report, Pao* 13 Asian stocks, Pago 11 Intt stocks, Pago 10
      12 words
    • 147 1 BEHWD EVERY SONY PRODUCT IS SONY Service *****11 THE ONEANDONLY Singapore banking WHAT DOES the revolution now sweeping through the world's bonking markets mean for Singapore? What do local bankers think its effects will be? Find out on Thursday, May 30, when Business Times publishes its annual supplement on Banking
      147 words

  • HOME NEWS
    • 703 2  -  Direct marketing to strengthen label By LUCY NG THE UNNAMED RETAILER about to open its first store at the Crown Prince Hotel is now known to be Esprit De Corp a clothes maker whose most visible products are sweatshirts with the word "Esprit"
      703 words
    • 203 2 JAPAN'S second largest steelmaker has set up a project supporting company in Singapore to meet the needs of Asean contractors undertaking onshore and offshore projects. Nippon Kokan KK (NKK) yesterday said that NKK Project Services Pte Ltd, which has already invested $6.5
      203 words
    • 367 2  -  By LOH HUI YIN THE NATIONAL MUSEUM, which re-opened yesterday after 14 months of renovation at a cost of $4.7 million, is to be turned into "a cultural institution of repute" in South-east Asia. Mr SDhanabalan, the Minister for Foreign Affairs and
      367 words
    • 259 2 A NEW SOCIETY formed to encourage greater cooperation among postgraduate students of the National University of Singapore's science and medical faculties has already attracted about 40 members. The NUS Postgraduate Society which was formed in January is for those pursuing masters' or doctorate courses in physics,
      259 words
    • 315 2 LAI BAW CHONG has been appointed managing director of Sembawang Engineering (Pte) Ltd with effect from May 1, this year. Mr Lai, a BSc Civil Engineering graduate, has been with the company since its formation in 1973. He played a principal role in the setting up of
      315 words
    • 188 2 AMERICAN aircraft manufacturer Lockheed yesterday announced that it has acquired all five companies of Metier Management Systems, a US software house which has some 30 computer installations in Southeast Asia. But users of its software package Artemis, including Shell, Hyundai, Ssangyong, Promet, Carigali and Esso, will
      188 words
    • 92 2 THE Prime Minister of Turkey, Mr Turgut Ozal, will arrive in Singapore this morning for a two-day private visit. This afternoon, Mr Ozal, who is accompanied by his wife, will call on Mr Lee Kuan Yew. Mr and Mrs Lee will also hold a dinner for
      92 words
    • 251 3  -  By SHAHRIR ARIFF PRISONERS would be allowed to leave prison daily for work "outside the limits of any prison" if Parliament passes a bill to amend the Prisons Act. The bill, presented to Parliament on May 14, seeks to give power to the Minister for
      251 words
    • 267 3 CONTROL over the price of cinema tickets will be formally lifted with the passing of a Bill to amend the Cinematograph Film Hire Duty Act (Chapter 132). Section 13 of the Act, which the Bill seeks to repeal, stipulates that no rente- or exhibitor
      267 words
    • 191 3 A DEMAND for the dissolution of Parliament was made yesterday by Mr Harbans Singh, leader of the United People's Front, who also offered to form a caretaker government. In a press conference, he said he would reserve three portfolios in his caretaker government for existing PAP
      191 words
    • 94 3 THANKS to gusty winds from the North-East Monsoon, smoke levels in most areas in Singapore showed a decrease in recent months compared with the last quarter of 1964. Overall acidity level, another indicator of air pollution, was also lower, according to the Environment Ministry. However, although
      94 words
    • 433 3  -  By BOEY KIT YIN AUSTRALIA is keen to promote its trade relations with Asean as it recognises that its future is "inextricably linked with the region". Australian Trade Minister J S Dawkins said that his country was also interested in exploring ways of exporting
      433 words
    • 287 3 THE AUSTRALIAN Trade Commission has launched a programme to tell the public, and particularly Singapore businessmen, that Australian goods are now cheaper because of the lower exchange rate of the Australian dollar. It has placed newspaper advertisements urging businessmen to "look again" at joint ventures
      287 words
    • 302 3 NORTHERN IRELAND has set up an investment bureau in Singapore to attract companies interested in putting money into the province, but is particularly keen to find investors with the potential to expand into other countries. Mr Tim McNeil, director for the Far East and Japan of
      302 words
  • Page 2 Advertisements
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      250 words
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      130 words

  • Page 3 Advertisements
    • 313 3 THE BLOODHOUND'LEADS PEOPLE DIRECTIY TO YOU. m -p w* mm With the latest Philips TBX 'Bloodhound' Telephone system a special feature called Direct-Inwaid-Dialling (DID) is built-in. This means that if you have an extension, people can ring you direct without having to go through the operator. All they have to
      313 words

  • OVERSEAS
    • 520 4 Fundamental changes in government policy encouraging NYT THE GROWTH of the US economy all but stopped during the first three months of this year after nearly two years of vigorous expansion, going by the Commerce Department report on Tuesday. It said the gross
      NYT  -  520 words
    • 111 4 Reuter THE AVERAGE weekly earnings of US workers, after removing inflation, declined a seasonally adjusted 0.3 per cent in April. The US Labour Department report, based on earnings data collected from payroll reports of private non-farm businesses, included revised March data. The department now
      Reuter  -  111 words
    • 120 4 AFP THE REAGAN administration maintained that economic signs "point upward" in spite of a Commerce Department announcement that the US economy grew by only 0.7 per cent in the first quarter of the year. The new figure represents a sharply revised estimate of the department's
      AFP  -  120 words
    • 298 4 Reuter NATO's military committee has announced the approval of a key planning document which foresees a possible successful Soviet conventional attack on Western Europe by the year 2000. Dutch general Cornells de Jager, chairman of the committee, said the so-called conceptual military
      Reuter  -  298 words
    • 258 4 AP THE UNITED STATES Senate has rejected yet another attempt to kill the MX missile, but opponents promptly started another battle to limit its deployment in the latest skirmish of the long-running fight over the new nuclear weapon. After two hours of
      AP  -  258 words
    • 354 4 NYT AMERICAN Secretary of Commerce Malcolm Baldrige has concluded two days of talks in Moscow, saying that agreements have been reached to improve trade with the Soviet Union. Mr Baldrige listed several practical agreements that had been reached in his talks with the Soviet Minister
      NYT  -  354 words
    • 99 4 Reuter PRESIDENT Reagan and Soviet leader Mikhail Gorbachev still want to hold a summit but have not agreed on a time or place. White House spokesman Larry Speakes yesterday refused to comment on a Washington Post report that Mr Gorbachev did not intend to go
      Reuter  -  99 words
    • 256 4 Reuter SUPPORTERS of a congressional Bill to impose economic sanctions against South Africa as a protest against its apartheid racial policies won a key test vote on Tuesday night, but put off final action until next month. The Bill would prohibit new loans to businesses in South
      Reuter  -  256 words
    • 110 4 AFP PUBLIC hearings into the activities of transnational companies in South Africa and Namibia are to be held at tjje United Nations in New York in September. The Economic Committee of the UN Economic and Social Council (Ecosoc) said yesterday that the US had voted against the
      AFP  -  110 words
    • 158 4 UPI THE Reagan administration is prepared to "talk directly or indirectly" with Islamic terrorists holding at least (our American hostages in Lebanon. A senior White House official said on Tuesday in an apparent change in tone from last week's hard-line response to the increasingly
      UPI  -  158 words
    • 158 4 AP UNESCO director general Amadou Mahtar M'Bow has said he would have to Hicmigs or let go 300 staff members as an economy measure following US withdrawal from the organisation. He also said on Tuesday US$2O million in a working capital fund was not sufficient
      AP  -  158 words
    • ECO-NOTES
      • 56 4 THE American footwear industry, claiming it is being trampled to death by an army of cheap imports, wants the government to clamp trade restrictions on foreign shoes for the rest of the decade. Opponents of the quota system say it would cost US consumers billions of dollars
        56 words
      • 47 4 UK inflation is expected to fall back to just over five per cent by the end of this year. Prime Minister Margaret Thatcher has told Parliament. The Treasury's budget forecast saw retail price inflation averaging five per cent in the final quarter of this year.
        47 words
      • 71 4 SOUTH Korean Trade-In-dustry Minister Kum Jinho is to go to Japan at the end of this month as a special presidential envoy to urge Japan to open its market to South Korean products. Mr Kum will deliver a personal letter from President Chun Doo-Hwan to Japanese Prime Minister
        71 words
      • 56 4 Agencies CHINESE Prime Minister Qiao Ziyang has said favourable conditions now exist for Sino-Japanese economic and technical cooperation. "First of all, the two nations are close geographically, separated only by a strip of water. Transportation is convenient," the New China News Agency cited Zhao as telling representatives at
        Agencies  -  56 words
    • 781 4 ARRIVALS Operator Scrvic* number Local tiiM From PAA RBA LUFT MAS MAS MAS MAS MAS AC RBA SIA CPA GiA SIA PA2I BU43 LH688 MH601 MH68I MH603 MH67I MH8II AC858 BM2I SQI03 CX7I0 GA960 SQ105 0020 0100 0105 0720 0820 0905 0935 0940 0940 1000 1005 1030
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    • 482 5 Reuter NEW SOVIET LEADER Mikhail Gorbachev has proposed an allAsian security conference to reduce tension in the continent along the lines of the 1975 meeting which crowned the detente process in Europe. Mr Gorbachev made the proposal on Tuesday at a banquet for Indian Prime
      Reuter  -  482 words
    • 178 5 AP A NEW Indo-American technology transfer agreement opens a vast Indian domestic market to the American electronics industry, with Japan a major competitor, Orville Freeman, head of US Business International, said. "One field opened up widely is consumer electronics (and) I'm a bit
      AP  -  178 words
    • 385 5 AP CHINESE leader Deng Xiaoping has clarified his country's reunification offer to Taiwan, saying that the island would not be allowed to keep its spy network as previously reported. A visiting scholar, philosophy professor Chen Guu-Ylng, who left Taiwan for the US six
      AP  -  385 words
    • 318 5 AFP CHINESE officials responsible for Hongkong and Macau joined in talks in Beijing yesterday between Chinese Premier Zhao Ziyangand Portuguese President Antonio Ramalho Eanes, sparking speculation that the two sides were likely to exchange views on the Portuguese-adminis-tered territory. Vice-Foreign Minister Zhou Nan,
      AFP  -  318 words
    • 157 5 AFP THE INDONESIAN Finance Ministry is ready to restructure its Customs and Excise Directorate. Finance Minister Radius Prawiro said that his ministry would soon revamp the organisation so that it was not necessary for the ministry to give long leaves of absence to Customs officials.
      AFP  -  157 words
    • WORLD IN BRIEF
      • 63 5 WESTERN Industrialised countries will again become too reliant on oil imports unless they increase their use of other energy sources, according to the Head of the International Energy Agency. Warning against complacency during the present oil glut, lEA executive director Helga Steeg urged oil consuming countries to
        63 words
      • 57 5 THE Republican-led US Senate foreign relations committee voted 1(H) on Tuesday to recommend ratification of a 36-year-old treaty condemning and outlawing genocide. The panel also agreed, *8, to accept two provisions urged by Senator Jesse Helms that would sharply limit Jurisdiction of the World Court if any nation
        57 words
      • 35 5 THIRTEEN men and one woman who have served as president of the United Nations General Assembly will gather at the UN next month to discuss the strengths and weaknesses of the world body.
        35 words
      • 69 5 THE United Nations Council on Namibia the body theoretically vested with authority over the South African-ruled territory is to convene in Vienna from June 3 to 7 to examine Pretoria's recent decision to set up a new interim administration there. The 31-member council was set up in 1967
        69 words
      • 53 5 THE New Zealand government is to protest against Soviet missile tests in the Pacific due to begin yesterday and which would last until the end of the month. Deputy Prime Minister Geoffrey Palmer said that the government would "be renewing our expression of strong concern about it through the
        53 words
      • 39 5 Agencies A JAPANESE socialist delegation to North Korea was welcomed in a reception with the warning that Japan would be "countered" by fellow Asians if it continued its path to military power under the US nuclear umbrella.
        Agencies  -  39 words
    • 108 5 Reuter THE JAPANESE government is concerned that US bitterness over the trade imbalance with Japan could undermine relations between the two countries. Yasushi Murazumi, minister plenipotentiary of the Japanese embassy in Washington, said growing protectionist sentiment in the US, particularly in Congress, could heighten tensions between
      Reuter  -  108 words
    • 319 5 Reuter PAKISTAN'S new civilian government presents its first budget today amid promises of tough measures to free-up what it sees as an over-regulated economy. The government's economic survey for 1964/85 ending June 30, released on Sunday, said major price and tax reforms
      Reuter  -  319 words
  • Page 4 Advertisements

  • Page 5 Advertisements
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      98 words
  • Page 5 Miscellaneous

  • WORLD BACKGROUND
    • 635 6 Reuter THE START of a new round of multilateral trade negotiations could still be a long way off, with even the proponents divided about its aims. Major industrial countries have agreed in principle to a full-scale round of trade liberalisation talks
      Reuter  -  635 words
    • 665 6 AP ISRAEL'S release of 1,150 Arab prisoners in exchange for three Israeli soldier captives is a reflection of the high premium the nation places on the lives of its citizens. But the traditional primacy of this principle has begun to conflict with a second, deeply
      AP  -  665 words
    • 624 6 AP THE COSTLY STRIKE In the US by pilots against United Airlines underscores a burning issue in US labourmanagement relations cutting costs through two-tier wage scales. The dispute focuses on the practice of paying new employees less than old employees, even when both
      AP  -  624 words
  • Page 6 Advertisements
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      303 words

  • BANKING AND FINANCE
    • 658 7 SINGAPORE The US dollar closed firmer against most major currencies in thin late trading yesterday, but below the day's highs. The dollar closed firmer at 3.0720/35 marks compared with New York's 3.0630/50 close, but below its high of 3.0770. It closed higher at 2.5810/30 Swiss francs compared with
      658 words
    • 308 7 BA Futures TRADING IN Earedellar futures was quiet yesterday after opening slightly lower at 91.32 in the September contract. The market was sluggish with a deadlock between the bullish sentiment and the overbrought situation. However, during Liffe opening, selling activities led to easier price movements with the September contract
      BA Futures  -  308 words
    • 73 7 THE Monetary Authority of Singapore has invited banks and discount houses to tender (or: |70 million of 91-day Treasury bills to be issued at the option of the tenderer from May 28 to May 31; and $20 million of 182-day Treasury bills to be issued at the option
      73 words
    • Article, Illustration
      286 7 Asian market ASIAN dollar deposit rates closed steady at opening levels in quiet trading yesterday. News of a downward revision in first quarter US GNP to 0.7 per cent growth from the flash estimate of 1.3 per cent was in line with expectations and had little impact. Short-dates eased 1/16
      286 words
    • 210 7 Interbank rates at 3pm yesterday: Local dollars to «M0*ed ye •Mor «ooo portly oM«o ooo aait of focoijii corroocy: US dolor ***** 2.2155 2.8196 •21.46 Sterling pound ***** ***** 7 3469 -61 67 Australian dofar 1.5313 1 5342 ***** -55 34 NZ dolor 1 0020 1 0047 3
      210 words
    • 222 7 HONGKONG: The metal closed steady in (airly active trading yesterday which featured local short-covering. Bullion ended at U*****.10/60 an ounce compared with New York's $317.00/50 and the $316.10/60 finish here on Tuesday. On the local market, gold rase HK$6.OO to $2,942 a tahil. The krugerrand added $5.00 to $2,540,
      222 words
    • 110 7 THE OVERNIGHT rate on the Singapore interbank mooey market fell by 1H point tram Tuesday to close at SH per cent yesterday. The one and two-month term rate* rose by 1/16 point while the three-month rate remained unchanged. S$ Interbank rates at 3pm yesterday: Offer M 5 5/8
      110 words
    • 149 7 Reuter THE MARYLAND government has lifted some restrictions on savings withdrawals as the two-week-old banking crisis appeared to be easing. A spokesman said Governor Harry Hughes on Tuesday approved several exemptions to the LOOOdol-lar-a-month limit be ordered last week to end massive withdrawals from Maryland's 102
      Reuter  -  149 words
    • 193 7 JIMMY TAY, treasury manager of Barclays Bank International, has been elected the new president of the Fores Association of Singapore. He replaced Mr C Mukund&n, prcsldcot for the past three years, who resigned to take up his new position ss member of the central committee
      193 words
    • 379 7  -  By AMY BALAN CAPITAL market participants are closely watching the development of yet another hybrid loan package to be launched today by Chemical Sanwa Merchant Bank. The Ssso million note issuing facility (NIF) for Hong Leong Company is the latest innovation to be introduced here
      379 words
    • 168 7 Reuter THE OHIO State Senate has passed a Bill that would effectively allow Chemical New York Corp to buy the now-defunct Home State Savings and Loan Association. Paul Demaria, a spokesman for the Senate's Republican caucus, said the Bill, which will
      Reuter  -  168 words
    • 315 7 Renter THE APPARENT success in calming financial markets over the Latin American debt crisis could erupt into a storm unless there are decisive policy changes in the region, the US Assistant Treasury Secretary said. In a speech to the Council of the Americas on
      Renter  -  315 words
  • Page 7 Advertisements
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      65 words
    • 345 7 This card admits the bearer Mo a golden age. s Y K m The new OCBC Gold MasterCard is the card of true distinction. Both in terms of what it says about you. and what it can do for you. As such, it is not easily come by. So it
      345 words

  • FEATURES
    • 493 8 IT CANNOT be refuted that in the last two years, the world economic situation has been gradually improving. Much has been accomplished: economic recovery has strengthened and spread in 1963-1964 while inflation in industrial countries has remained low. Many developing countries have resumed growth; and
      493 words
    • 1442 8  -  Airlines are battling for a tough but tantalising market By AGIS SALPUKAS NYT THE PACIFIC still has a magical allure for the airline industry. It is the market that has grown the fastest in recent years and is expected to continue to outpace other parts
      NYT  -  1,442 words
    • 889 8  -  By TODD EASTHAM UPI FLIGHTS between Tokyo and Beijing are packed these days with eager Japanese traders hoping to cash in on the "China boom" that has kicked two-way trade into the stratosphere. But sober heads see tough times ahead. The boom,
      UPI  -  889 words
  • Page 8 Advertisements
  • Page 8 Miscellaneous
    • 1127 8 to m mm il HIGHLIGHTS Africo The Legacy Bpm, Channel 12 The final story explores the problems and successes of the newly liberated African states in the aftermath of colonial rule. The legacy left by the Europeans has not always proved easy to reconcile with African traditions and needs and
      1,127 words
    • 10 8 Bristaw: Rank Dic&exs I B T\e~o e>uue RmoiG O] frW
      10 words

  • SPORTS
    • 645 9  -  Golfers intend to wipe out memories of last year's defeat By WALTON MORAIS SINGAPORE'S preparation for the Putra Cup golf championship at Kuala Lumpur this year is unique in more ways than one. For the first time, an intensive training programme has been designed
      645 words
    • 277 9 AFP BEN LEXCEN, the man who sporting history by designing the boat which ended United States domination of the America's Cup, yesterday accused the Australian government of "sabotaging" attempts to keep the trophy in their tryCanberra was threatening Australia's defence
      AFP  -  277 words
    • 273 9 AFP AN ENGLISH businessman has revealed that the most controversial medal in FA Cup history was left behind forgotten after Saturday's final at Wembley. < d Eyre told the Daily Exp.—r.i that the medal, which was wit held from Manchester United defender Kevin Moran because of
      AFP  -  273 words
    • 324 9 AP IT'S JUST one game. Technically, it's worth just a single victory. Should the Philadelphia 76ers win, the value could be much greater. If the 76ers beat Boston later today in Game 5 of the National Basketball Association's Eastern Conference final playoff series,
      AP  -  324 words
    • 525 9 Reuter THE RAIN and Spain held up defending champions the United States on Tuesday as they opened their bid to retain the World Team Tennis Cup in Duesseldorf. After a day's play interrupted by rain for almost four hours, both John McEnroe
      Reuter  -  525 words
    • 417 9 AP EVEN UNDER the most ideal conditions, beating the Los Angeles Lakers is not an easy task, especially at the Forum. For the injury-ridden basketball players Denver Nuggets, a victory later today appears to be a long shot. The Nuggets and Lakers
      AP  -  417 words
    • 125 9 AP THE Hiroshima Toyo Carp exploded (or 16 hits tnrlrating tWO home runs by Koji Yamamoto and beat the central league's front-running Hanshin Tigers 12-5 at Koshien Stadium in Osaka on Tuesday. The Tigers still maintain a one-half game lead over the sec-ond-place Carp.
      AP  -  125 words
    • 789 9 UPI THIS IS the story about a whole bunch of baseballers who make up the Chicago White Sox infield. There's Julio Cruz, the regular second baseman who was having trouble hitting and was playing spectacular yet inconsistent defence until sidlined with a recent knee
      UPI  -  789 words
    • 171 9 Reuter BRAZIL'S 1982 World Cup captain Socrates said yesterday he still hoped to be called up for next month's qualifying matches for the 1966 finals in Mexico. In an interview published yesterday in the Sao Paulo newspaper Oestado, Socrates admitted that coach Evaristo Macedo's decision not
      Reuter  -  171 words
    • 152 9 Reuter RUNNING STAR Mary Decker Slaney has taken on a new coach, thus ending a four-year association with Dick Brown. Decker Slaney said her new coach is Luiz De Oliveira, the 35-year-old Brazilian who also coaches Olympic 800-metre gold medallist Joaquim Cruz. "It was a
      Reuter  -  152 words
  • Page 9 Miscellaneous
    • 668 9 WM>«aa-(D[aa CRYPTIC PUZZLE ACROSS 1 A jam, oddly enough (6) 7 BuCfighter's girl (8) 8 Cover it over with some leov**, as on the roof (4) 10 Ptont left in a certain position in the field (6) 11 Almost three out of four do wefl (6) 14 United we stand
      668 words

  • INTERNATIONAL STOCKS
    • 553 10 Reuter THE DRAMATIC stock market rally that propelled averages to record levels this month has a long way to go, Wall Street analysts «yPredictions first heard in January that the market could go to 1400 or 1500 have been
      Reuter  -  553 words
    • 312 10 Reuter WALL STREET closed mixed on Tuesday, with blue chips advancing to new closing highs and the broader market falling back slightly. The Dow Jones Industrial Average gained 4.82 points to close at an all-time high of 1309.70. The old record for the
      Reuter  -  312 words
    • 226 10 MAY 21 UNMC 525 inch INDUSTRIALS Woofcvorth Ml 1525 M84GS +5 A Afcho 830 50 2890 •10 Abercom 160 uncfc 10 +20 iniAnifj (mmmmm ***** 1430 8400 -100 -30 100 A£ And O 785 470 vsr* "WOO 150 4908 i 1220 10 Com Getd 1360 -15 C G SmNh
      226 words
    • 143 10 MAY 21 a Hud Boy Mm Imp Ol 52* 19* AfaMbi IB 36* N Mow Hp* 39* 21* 22 1* H Korr Add 15 tt Bank MontT. 22Vi 27* Lofato* B 17* 3 Bank Novo Scotio 13* Me Bfad JT? 20* unch Bol Canada 43 17* BP Can Ltd
      143 words
    • 662 10 MAY 21 Alcon Alumn USS 26* \A -H a i*y Engohard Mrt Exxon Cp 82* 26* 52* N L hdust Nod Dtst Cham Nod Gypatm Co NC* Corp 11* 29* 45* 29* *kk uneh Alcoa Lud AM Own Cp ABad Staras JO 25* 42 Rrostano Tiro Ruor Cp
      662 words
    • 749 10 Amsterdam MAY 21 I AM Aagon Ahold 441.00 +2 193.00 +2 221.60 +1.1 Afczo 108.80 +0.7 amev 244.00 +1.5 Ainfoi r AlWfa brk 77 90 +13 Bvkd 52.50 -1 Bnfc 93 30 0.3 krufli 385 00 -1 Loji,A lu Tat Cdnd 92.50 +0.8 35.80 -0 3 Cr*w 483
      749 words
    • 70 10 NYT PEPSICO has renewed its barter-type arrangement with the Soviet Union. The company said it could double sales of Pepsi-Cola there by the end of the decade. Pepsico would exchange Pepsi-Cola concentrate with the Russians for the rights to continue selling their stolichnaya vodka in the US. The
      NYT  -  70 words
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    • 46 10 Time: 12 noon 2.30 pm Price:sl2.oCr Fashion Show: 1.15 pm Mwtotaby. CtMhMby: Fabiani Daily new Businessmen's Lunch at only $12.50+ Today: Cream AndaJouse Roast Loin of Lamb Fresh Vegetables Croquette Potatoes Mango Ice cream Coffee/Tea B! Emperor's Room. Hold RoyaL Newton Road. Stngaport 1130. W: *****11
      46 words
    • 69 10 Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet..'! Special business lunch at $164+ each and $20-H- each (mln. 2 persons). Over 50 a la carte specialities are also available. a¥ SWGAPOfIt HOTEL 10 Eu Tong Sen Street. Singapore 0105 Tel:
      69 words
    • 112 10 Lounge Enjoy the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet Body (1 Soul from the Philippines. They'll captivate you! (lappy Itoarss Spa 7 pm. 29«affall4riaU. CFsjswn #pwwcEfom 270 Orchard Road. Singapore 0923 Tele*: IB ***** MCROWTV
      112 words

  • ASIAN STOCKS
    • 313 11 HONGKONG: Share prices closed lower in moderate trading yesterday as investors lacked incentive to enter the market. The Hang Seng Index lost 12.58 to close the half-day session at 1,599.64. Turnover was HKJ233.43 million compared with Tuesday's $340.07 million. Cheung Kong and China Light fell 20 cents each to
      313 words
    • 147 11 BANGKOK: Share prices closed lower in in active trading yesterday. The Book Club Index dropped 0.47 to 141.40 and losers led gainers by a six-to-five margin. Turnover fell to 188,926 shares worth 42.0 million baht from Tuesday's 336,920 shares worth 71.0 million baht. MAY 22 Bahtt 167 -4 San
      147 words
    • 423 11 TOKYO: Share prices rose in hectic trading yesterday, driving the market average up 23.20 to a record high closing 12,673.57, just off an all-time high 12,697.35 touched in early morning trading. Turnover was 720 million shares against 600 million on Tuesday when the average jumped 91.27. The sharp market
      423 words
    • 123 11 MANILA: Share prices closed generally higher in quiet trading yesterday. The Mining Index rose 5.74 to 669.47 and the Commercial it Industrial Index 1.82 to 131.61. Oils were steady at 0.698. Lepanto rose to 0.043 from 0.041 pesos, Philex to 0.1060 from 0.10 and PLDT to 41 from 38.50.
      123 words
    • 422 11 SYDNEY: Share markets closed lower yesterday on profit-taking and a lack of support. The All Ordinaries Index shed as much as 40 points. It closed down 9.6 points to 888.5 while the All Industrials shed 7.5 to 1249.9, the All Resources 10.8 to 606.0 and the Gold Index 15.3
      422 words
    • 70 11 MAY 22 Won 600 Hyundai Comt Hyundai Motor KAL 901 575 430 unch inch 3 Ouhauif Bk 583 +2 Koroo Frit 660 18 14 -21 Commorool Bk 632 432 1 -3 YiAona. Korea Ship 393 466 Lucky Ltd 585 -1 uo -4 Samsung Co. 700 -10 470 801 1
      70 words
    • 122 11 Reuter AUSTRALIA'S two largest aerospace companies, Hawker De Havilland Ltd (HDH) and Commonwealth Aircraft Corp Ltd (CAC), said they propose to merge by way of an acquisition of CAC by HDH for an undisclosed cash payment. The merger, scheduled for June 30, will result in an organisation which
      Reuter  -  122 words
    • 70 11 AFP THE STATE-RUN Taiwan Power Company (Taipower) is seeking loans totalling US$557 million in fiscal 1986 for its various development projects. An official said that Taipower had signed a contract with the US Export-Import Bank for a $3 million loan. The loans would be for nuclear
      AFP  -  70 words
    • 624 11 FT INDIAN EXPLOSIVES, an ICI subsidiary based in Calcutta, is looking (or new areas for expansion following a reorganisation of its operations in the past two years. It is bidding for a licence to develop and operate a 6-billion-ru-pee fertiliser plant along a
      FT  -  624 words
    • 80 11 AFP JAPAN'S Mitsubishi group is to set up a joint venture with China's National Offshore Oil Corporation by the end of next month to build offshore stations for producing petroleum gas in the Sea of Bohai. A Mitsubishi spokesman said the venture would be 45
      AFP  -  80 words
    • 154 11 Reuter A CONSULTANT hired to test an electronic traffic control system for Hongkong has concluded that the scheme is feasible and that capital costs will be below initial estimates. But Secretary for Transport lan MacPherson said on Tuesday that the government had not yet decided to use
      Reuter  -  154 words
  • Page 11 Advertisements
    • 547 11 msi 421 M IS an W f V- ft m z pt"' <#•* R» -5 MHI MSS The authentic taste of Japan. A Japanese manager. Japanese Chefs. A sushi counter, four teppanyaki griddles, a spacious a la carte restaurant and several tatami rooms. Open for lunch and dinner. Set Lunch
      547 words
    • 37 11 i T 1 h s«pry.^.?< -r I •it, iibh -V 5L a* <* ~'V > t? V < to -*Sr i >.•? i r v m i Mtfld Imrsm v m 'j-J !TFTTTT 7 Our Chef's Recommendation: Vegetal r» n Tt
      37 words

  • RAW MATERIALS
    • 546 12 Reuter "WORK STARTS here very late nowadays," said Tai Choon, pointing to the barren black mountains and rain-filled pools of the Chim Lee tin mine near Kuala Lumpur. "It wasn't always so quiet," sighed the 65-year-old miner who has watched Malaysia's once thriving tin
      Reuter  -  546 words
    • 118 12 Reuter NEW DELHI is expected to import up to 12,000 tonnes of natural rubber by June this year to meet the immediate needs of user-industries. A spokesman for the All-India Rubber Industries Association said he estimated the demand and supply in the 1985-86
      Reuter  -  118 words
    • 225 12 AFP A "SIZEABLE PORTION" of the 250,000 sugar workers laid off on Negros Island, the Philippines' sugar-growing centre, could lose their jobs for good because of further production cuts expected next year. Regional labour director Felizardo Baterbonia spoke at a conference in Bacolod about the distressed
      AFP  -  225 words
    • 292 12 Reuter AMERICAN and Soviet officials begin two days of grain trade talks tomorrow with Soviet grain buying at record levels and the US willing to offer to sell more from its massive surplus. Administration sources said the US was ready to offer
      Reuter  -  292 words
    • 471 12 THE PROMOTION of agrobased industrialisation within the palm oil industry will depend largely on Malaysia's ability to develop a more competitive oleochemical industry, according to a study by a team of United Nations consultants. The consultants, from the UN Industrial
      471 words
    • 109 12 Reuter THE US Commodity Futures Trading Commission has denied that it participated in an alleged scheme, to illegally manipulate the silver market in 1979 and 1980. In a reply to Conti Commodity Services Inc, it said the charges were "based solely on the alleged conduct
      Reuter  -  109 words
    • 334 12 AFP A 65-YEAR-OLD Indian has invented a device that helps a man climb the tallest coconut trees in two minutes. The man behind the new invention, Mr K Joseph, says the device may relieve India's coconut growing areas which have been hit by
      AFP  -  334 words
    • 232 12 SINGAPORE The market closed quietly higher yesterday with June One RSS buyers quoted at 168.25 cents per kg, up 0.75 cents from Tuesday. The morning session gained 0.75 cents on some covering of nearbys in quiet trading. Prices were little changed from lunchtime levels in quiet afternoon trading. MALAYSIA
      232 words
    • 301 12 RAS prices in S cents/kg, FOB in b oles NOON CLOSE Irrt 1 RSS Prompt WyWv 169.00 170.00N 169.00 170.00N Int 1 RSS June 85 168 25 168.75 168 25 168 50 Int 1 RSS Ju»y 85 169 25 169.50 168.75 169.25 Irrt 2 RSS 167.50 168
      301 words
    • 239 12 WHEAT FUTURES on the Chicago Board of Trade closed 2V* to one US cent a bushel lower on Tuesday, making new contract lows in July and distant May. July settled at $3.16 a bushel, down 2V«. Spot May expired 19 cents lower on mostly commercial spread liquidation, in spite
      239 words
    • 267 12 Singapore C-l Ord unq (S$/Mo, ei-gedown) Loonzain Rice Frogront new crop Wt O AA 100% 1st grade 100% 2nd or ode s? 2nd 0^64 100% 3rd grade unq 3rd 060 Parboiled Rice New Crop 25% no stock 5% 227 10% no stock 10% 222 Thoi Broken Moize unq A-super
      267 words
    • 115 12 THE PRICE OP til the KuU Lemper Tie Market nee five eeeto to M$2Ul per kg yesterday, wttkle tee leteraetfeeel Tie Agreement lewer range $29.15 to ULN. The recovery wee attriheted to e smeller ef(erleg ef ISS teeeee agalaet Teesday's 194 There were ee ferelge eeeeeetretoe er ratleeleg.
      115 words
    • 158 12 Yarn (h HK$ per bole of 400 fc) China carded yarn, cones Bhje Phoenix 16'* 2,550 Blue Phoenix 2Cs 2,700 Bkn Phoenix 32'* 3,150 Bkje Phoenix 4C* 3,550 Girded yarn, honk Bkie Phoenix 21'* 2,900 Combed yarn, cones Oue Phoenix 32* 4,250 Btue Phoenix 40"* 4,400 Open-end yarn 2,400
      158 words
    • 129 12 Chinese Produce Exchange (S#Ntfi noon ciowoo prtcos on Moy 22 S$/100 kf). Coconut oil Be*. FOB 128.00 Okt drum FOB 141.00 Now drum FOB 145.00 Copro Mixed (Ioom) 65 buyers Muntok Whit* FOB NLW 870.00 Sarawak Whit# FOB toq NLW 860.00 S 730.00 S btodktoe NLW 830 00
      129 words
    • 138 12 MALAYSIAN crude palm oil prices closed higher yesterday on covering and light speculative buying interest following Pakistan's RBD palm oil purchases over the last two days. May deliveries in the central region firmed M 117.50 to $1,307.50 per tonne and south up HO to $1,310, while June south
      138 words
    • 122 12 SOYBEAN futures on the Chicago Board of Trade declined after May's noon expiration and closed six to 414 US cents lower in general liquidation on Tuesday. May went off the board 11 Vi cents lower at 15.68, while July closed down six at 15.68 V* a bushel. July through
      122 words
    • 94 12 (cantt/kft. 1-ton Hto»)jUNE 85 JULY 85 (currant month) (forword month) NOON NOON RAS Biiycn C -M jviivn 8uy«r* S«ll«rs SSR 20 163 50 165.50N ***** 167 50N SSR 50 161.50 I63 50N 163 50 165 50N MRELB S»l«n lnywi SMR CV 211.50 *****N ***** 215 SON SMR
      94 words
    • 818 12 COFFEE Robusta futures edged down from steady midmorning levels yesterday on tired commission bouse liquidation to end the session unchanged to £4 lower. July was at £2,073, down £4. Activity mainly comprised trading the July/September switch, though one commission house sold May. Turnover was 1,381 lots including 721
      818 words

  • SHARE INFORMATION
    • 4180 13 PROFIT-TAKING again depressed the Singapore stock market yesterday but it was checked in the afternoon by a late round of buying. Dealers noted that this might signal an end to the correction which began two days ago after the market made its
      4,180 words
    • 245 13 SINGAPORE Rises hn~to. 340 Ro>t Etoct 338 UOI 242 EM 50* 270 S F M 610 N 0 L LOOM 95* PriM 496 Mk«| 490 UoT 444 Taaafc Ci.irt 422 fMIISOt 168 ifm* LmU 295 Falls H Laoag Cro4rt 505 MT P 354 (Mm 635 U M
      245 words
    • 2764 13 BID and offer prices officially C listed and business In and re- 3 ported to the Stock Exchange of It Singapore yesterday with the number of shares traded shown in brackets In lots of 14)00 units 2 unless otherwise specified. All Time Settlement Contracts are
      2,764 words
    • 355 14 SHARE PRICES retreated further at the Kuala Lumpur stock market yesterday in dull and featureless trading. Amidst a general lack of interest, investors preferred to stay away. Turnover dived to only 5.15 million shares valued at M 110.89 million from Tuesday's 8.2
      355 words
    • 2098 14 BID and offer prices officially 2 5 listed and business in and re- 21 ported to the Kuala Lumpur S Stock Exchange yesterday, with 1 i the numoer of shares traded S 1 shown in brackets In lots of 1,000 xd units unless otherwise specified.
      2,098 words
    • 54 14 NATIONAL IKON AND STEEL MILLS United: Twenty-fifth AGM at The Board Room, 63 Market Street, #11-07/10, Tat Lee Building, Singapore 0104 today at 2.30 pm. JURONG ENGINEERING Limited: Fourteenth AGM at Mandarin Hotel, Mandarin Court A, 4th Floor, Main Building, 330 Orchard Road, Singapore 0923 on Saturday, May
      54 words
  • Page 13 Advertisements

  • Page 14 Advertisements
    • 1517 14 INTERNATIONAL TRUST FINANCE LIMITED (INCORPORATED IN THE REPUBLIC OF SINGAPORE) BALANCE SHEET 31st December 1984 SHARE CAPITAL Authorised: 20,000,000 shares of 1 each in 1984 and 1983 $20,000,000 Issued and fully paid: 18,000,000 shares of $1 each CAPITAL RESERVE Share Premium Account STATUTORY RESERVE REVENUE RESERVES General Retained profits Total
      1,517 words

  • COMPANY NEWS
    • 589 15  -  By RAMESH CHANDIRAMANI SINGAPORE LAND Ltd, the Republic's largest listed property group, appears to be much more resilient than supposed to be, if its latest half-year performance is any indication. Although many local property developers continue to feel the pinch of the generally slack market,
      589 words
    • 454 15 LAST FULL YEAR Company Period Dote announced last year Year ending Net EPS (cents) Gross div Net profit ($*000) Inv Final Jan 31 Dec 84 9.352L K L Industries Finol Mar 16 Oct 84 3.2 1.5 2,878 Peak Hua Final Mar 27 Dec 84 0.3 16.0 29 QAF
      454 words
    • 970 15 SHARE prices opened easier yesterday with attention centred on the Burton bid offer for Debenhams, valuingthe company at £455 million. Debenhams was 22p higher at 350 after 352 following the newswith Burton up 20p at 478. Brammer, which last weekmade a £44 million bid for Energy Services, rose
      970 words
    • 357 15 ANNUAL RESULTS from Hotel Royal Ltd have once again confirmed the increasingly difficult trading conditions facing the hotel sector. Following a ffill in revenue and profits in 1984, the group says that it is expecting a further decline in profitability this year. And
      357 words
    • 84 15 GRAND UNITED H«Mlags Bhd is calling an EGM on June 4 (or shareholders to approve its proposed acquisition of 34 million shares in Sigma Metal Company Ltd and the general* offer for the remaining shares at $2 each. LION C*rp«r»tl«a Bkd'i transfer books and register will be closed
      84 words
    • 649 15  -  By CHAN OI CHEE BARELY a year after its $109 million purchase of Singapore Warehouse, Hwa Hong Corp Ltd is taking a major step into a new business financial services. It is buying a 39.46 per cent stake (or 5.92 million shares) in People's
      649 words
    • 417 15 THE PRIME Orchard Square site will be put up for sale in three parcels at more favourable bid terms. Both Orchard Square Development Corporation and Ngee Ann Kongsi, owner of the 28,322-square-metre plot of land in Orchard Road, have agreed that a tender
      417 words
    • 98 15 HONGKONG Tuesday 1257.5 Hong Seng Index Wednesday 1599 64 Week ago 1250.1 Tuesday 1612.22 NEW YORK Week, ago 1612.61 Dow Jones Tuesday *1309.70 TOKYO Monday 1304.88 Tokyo Dow Jones Week ogo 1273.30 Wednesday *****.57 Tuesday *****.18 Standard Poors Week ago ***** 03 Tuesday 189.64 Monday *189.72 TSE Index
      98 words
    • 248 15 Managers' prices Second B'putro Third B'putro Fourth B'putro 485 4 17 490 422 for May 23 465 470 Fifth B'putro Sixth B'putro Seventh B'putro (A) 300 3 05 Singapore Unit Trust 304 1 87 309 1 92 Th« Commtfct 1 96 *2 00 Seventh B'putro (B) 392 397
      248 words
    • 268 15 THE Kuwaiti Investment Office has again bought half a million shares in Cycle A Carriage Ltd, raising its stake to 15.53 per cent. Cycle announced yesterday that the London-based KIO bought the block of shares last Tuesday for $1,965 million or an average of
      268 words
  • Page 15 Advertisements
    • 153 15 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME I. JIMMY TAN of M/s SAMTA TRANSPORTATION PTE. LTD. hereby give notice that in consequence of our Purchase a motor vessel from M/s MITSUI OAK. LINES LTD., I have applied to the Registrar of Singapore Ships, under Section 417 of the Merchant
      153 words
    • 16 15 o L -> MADONNA Why She's Hot V J The World's Nod Newsmagazine Read TIME and understand.
      16 words

  • 555 16  -  Turnover fell B.9pc in first quarter By LEE HAN SHIH OVERALL REVENUE from hotel rooms looks set to plunge by more than $37 million this year if hoteliers continue their price war. Figures in the latest Economic Survey show that room revenue
    555 words
  • 97 16 A 12-MAN committee has been set up by the government to review resettlement rates and policies. The committee, chaired by Senior Parliamentary Secretary (National Development) Lee Yiok Seng, comprises seven Members of Parliament and four government officials. The MPs are from constituencies where resettlement is
    97 words
  • 331 16 Reuter THE US DOLLAR is set to resume its upward trend in coming months after showing great resilience in the face of a recent barrage of unfavourable news, analysts said yesterday. "The dollar has been able to shrug off most of the
    Reuter  -  331 words
  • 137 16 AP INDIAN Prime Minister Rajiv Gandhi and Soviet leader Mikhail S Gorbachev signed agreements yesterday for economic, scientific and technical co-operation until the year 2000. The official news agency Tass said the two leaders signed the documents during a Kremlin palace ceremony that
    AP  -  137 words
  • 120 16 Reuter A SRI LANKAN community leader said yesterday that about 20,000 Tamils have been ordered by Sri Lankan troops to quit their homes for security reasons. Mr N M Sornabala, president of the citizens' committee in Vavuniya town, about 290 km north of Colombo, said four
    Reuter  -  120 words
  • 129 16 AFP A MUSLIM-BASED opposition party in Sabah yesterday asked the High Court to declare unconstitutional the appointment of a new chief minister in the East Malaysian state last month. In a writ filed in Kota Kinabalu, the president of the United Sabah National Organisation
    AFP  -  129 words
  • 191 16 AP THE Asian Development Bank faces a major challenge in selecting technology most suitable to the nations of the region. Bank president Masao Fujioka said vital economic development could only be spurred with the proper application of technology a major theme in the ADB's push to
    AP  -  191 words
  • 196 16 Bernama FOUR Agrava board members have agreed not to appear and testify before the court (Sandiganbayan) trying the Aquino-Galman double murder case in spite of receiving summons from the presiding judge. The four Ernesto Herrera, Luciano Salazar, Amado Dizon and Dante Santos
    Bernama  -  196 words
  • 82 16 AFP PRESIDENT Marcos told the commander of the US Pacific fleet yesterday that communist insurgency in the Philippines was in check. "We are not saying we are over the hump...we are saying that in the next six months we will be able to go after them
    AFP  -  82 words
  • 372 16 THE DISTRICT Court yesterday acquitted a woman who was accused of insulting the modesty of another woman by saying she was "too old to be contending to be the mistress" of Mr Kwek Hong Png, 70, the founder of the Hong Leong group. Madam
    372 words
  • 467 16  -  By BOEY KIT YIN FOUR AUSTRALIAN offshore banks have appealed to Finance Minister Dr Richard Hu to allow their loan limits to be raised and have their status upgraded to restricted banks. The four banks made the concerted effort through the visiting Australian Trade
    467 words
  • 60 16 Reuter NEW YORK stock prices slumped in early trading yesterday as investors cashed in profits after the May rally that lifted stock prices to their highest levels ever earlier this week. The Dow Jones Industrial Average was off seven points at 1303. The broader market extended Tuesday's
    Reuter  -  60 words
  • LATE FILE
    • 47 16 AFP WESTERN world consumption of primary tin is set to exceed production by 14,500 tonnes this year, according to estimates circulated to members of the International Tin Council. This year will also see a 3 per cent drop in primary tin production.
      AFP  -  47 words
    • 51 16 Reuter A SECOND Australian judge was committed for trial yesterday on charges of trying to pervert the course of justice. Distict court judge John Foord is alleged to have attempted to influence cases involving Sydney solicitor Morgan Ryan on conspiracy charges concerning an immigration racket.
      Reuter  -  51 words
    • 53 16 Reuter NEW ORDERS for durable goods received by US manufacturers rose by US$974 million or one per cent in April to a seasonally adjusted $100.70 billion. The Commerce Department said yesterday that last month's increase stemmed mainly from higher orders for transportation equipment and
      Reuter  -  53 words
    • 50 16 AFP CHINESE President Li Xiannian has suffered a back injury and was unable to be present during the current visit of Portuguese President Antonio Ramalho Eanes to China. A foreign ministry spokesman said yesterday that Premier Zhao Ziyang held the welcoming ceremony and banquet instead. AFP
      AFP  -  50 words
    • 45 16 Reuter THE INDONESIAN government has taken appropriate measures to prevent illegal departure of workers to Malaysia. Foreign Minister Mochtar Kusumaatmadja told Parliament that the measures were effective and the number of illegal departures had dropped in the past year. Reuter
      Reuter  -  45 words
  • Page 16 Advertisements
    • 198 16 USA& CANADA 9* For tM decerning towMaia and busy executives who Insist on greater comfort and flexMNty, we offer Flexi America. Individual travel, flexible itinerary and duration. And a choice of: Executive or Economy class. 5 major U.S. and Canadian gateways Honolulu, Los Angeles, San Francisco, Seattle and Vancouver. Deluxe
      198 words
    • 115 16 Trad* with China, Paga 3 Australian products. Now you've more buying power than ever, There s never been o better time to buy Australian. The favourable exchange rote has made Australian products and services even more affordable. On the business front, Australian innports have become more competitive and therefore more
      115 words
  • Page 16 Miscellaneous
    • 56 16 Outlook for today: Cloudy with occasional showers in the predawn hours and early morning. Report tor 24 hours prior to 7.30pm on May 22 at the airport: Maximum temperature 3M Associated humidity ..68 Minimum temperature 24.3 Associated humidity 97 Hours of sunshine 6 15 Rainfall in millimetres Rainfall this month
      56 words

  • SHIPPING TIMES
    • PORTSIDES
      • 70 17 FOLLOWING industrial action by Australian maritime unions, the International Transport Workers' Federation has secured more than U*****,000 in back pay for crew members of the Liberian freighter, A 1 Sarnie, which called at Whyalla recently. A federation spokesman says the money was paid after support action
        70 words
      • 116 17 A DRILLING rig being moved into the Gulf of Mexico capsized in a South Louisiana bayou on Tuesday with 22 men aboard, killing six and leaving five missing, Coast Guard officials said. The search for the missing crewmen was called off while divers awaited the arrival
        116 words
    • 537 17  -  By JUNE LIM The NEWLY-LAUNCHED free trade zone at Jebel Ali in Dubai has sparked off the interest of the Trade Development Board. After a meeting with a threemember delegation of the Jebel Ali Free Zone Authority yesterday, Mr Lee Ying Chuen, TDB deputy chief
      537 words
    • 336 17 MOVING AHEAD with a determined pace, Pomex Maya, a Ma-laysian-Japanese joint venture shipping company, has added another newbuilding to its fleet. The company which has indicated its intention to play a significant role in the transportation of national cargoes, has taken delivery
      336 words
    • 1020 18 ANGOLA Luanda May 7th. 4-5 days. II vessels berthed, 4 anchored. Lobito No delays. 5 vessels berthed. ARGENTINA Buenos Aires May 7th. 17 days. 36 vessles berthed. 14 grain loaders waiting. San Lorenzo 13 days. Moderately congested. 3 vessels berthed, 6 grain vessels waiting. Rosario 12 days. 9
      1,020 words
    • 320 18 Lloyds List A SENIOR BRITISH government ship surveyor has called for a major change in ship design to ensure greater safety at sea. Mr Robert Holstead, of the Department of Transport's Marine Directorate, said that in all new "high sided vessels," the embarkation
      Lloyds List  -  320 words
    • 127 18 ONE HUNDRED and four ships were fitted with terminals to operate with the Inmarsat communications system in April. According to Albert Hendry of the Inmarsat operations control centre in London, April was the first month during which the total number of ships equipped to have
      127 words
    • 59 18 WORKERS IN Queensland sugar mills and shipping terminals began a 24-hour strike from midnight yesterday over a pay claim, Queensland Trades and Labour Council organiser John Lawson said. Lawson said many Queensland sugar workers have not received the full 2.6 per cent national wage increase. Some have
      59 words
    • 673 18 AB Shpg V 5 Afeo Una VI 3 APC Line V 4 APL 2/3 ANL 1 r ASCL i Bott-Conodo Una VI 4/5 Boh-Oo«nt Una VI 4/5 Bonk Line V 5 BBS 4/5 Bayswater Shpg V 4 Ban Una Cont V 3 Ban Ocean 1 Bengal X-press
      673 words
    • 1774 18 QUIET chartering was reported In most sectors of the freight market on Tuesday with a further small decline seen in the freight rate for grain from the US Gulf to Japan, shipbrokers said. The latest business at US$l3 for this voyage compares with $15.10 paid last week. Fresh
      1,774 words
    • 334 18  -  By KINGSLEY WOOD AUSTRALIAN Shipbuilding Industries (WA) Pty Ltd has been selected to build a new class of patrol boats which Australia will give to five Pacific Island nations as part of its defence co-operation programme. The As 43
      334 words
    • 188 19 CONSTRUCTION ON the first phase of the Semarang port in Central Java is expected to be completed by November in time for the official opening by President Suharto. Work on the first phase began in 1982. When completed it will be able to accommodate ships of
      188 words
    • 378 19 Reuter JAPAN'S NIPPON Yusen Kaisha shipping company said the world shipping market may again (ace a structural depression if shipowners begin* to make speculative orders based on signs of a supply/demand improvement. In an annual review of the shipping market for 1985, NYK forecast a possible
      Reuter  -  378 words
    • 284 19 FT SEAPLACE INTERNATIONAL, an offshore engineering consultancy, said it is to order a heavy crane ship at a likely cost of about £50 million from a British or foreign yard. The privately-owned Londonbased company said it would send details to potential builders in Europe
      FT  -  284 words
    • 187 19 THE MAJOR shipping consortia operating between the Far East, European, Far East Persian Gulf, Strait» ports/Australia, Straits Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits
      187 words
    • 6366 24 saaßama 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
      6,366 words
    • 661 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival *or LCL movement Ship Voy date/time Operator cargo schedule Location Asia Star Ratu Konsort Hang Glory Annapurna Tanah Air Majapahit Tki Kiselev S Hofuf Glauchau Prasetia Sho He Shokawa Maru Anro Temasek Lampung Hermes Ace
      661 words
    • 1581 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A-B A Top Enterprises ft# Ltd Some (S). AB Shipping Bousteod Shpg Agencies Afeo Line Afncon Shpg Agencies (S). Alfred C Toepfer Oceonus Shipping Agencies (S) Muttiport Sdn Bhd (PK). American President Line* APL (S)/Bousteod
      1,581 words
    • 512 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES K17 Artois Borneo alongside 23.5.85/0600 Auby K25W SSPL alongside 23.5 85/1500 Larch K16 Borneo alongside 23.5.85/0600 Makmur K24W SSPL alongside 23.5.85/1500 N Baltimore K12 N-EAC alongside 23.5.85/1500 Rimba Kerurng K10 Boustead alongside 23.585/2300 Sh Fujiyama K29 Aru
      512 words
  • Page 17 Advertisements
    • 304 17 HEUNG-A SHIPPING KorM Haf Vsls Regular Liner Semi-Container Service To: P. Kelanf/Penanf Busan/Inchon Fm: Buun/Moji S'pore Ajent: Neptune Afencies Pte Ltd Tel: *****77 P.K. *****4, PM *****5 K.L. *****0 [KMDB A SENIOR BRITISH government ship surveyor hos called for a major change in ship design to ensure greater safety at
      304 words
    • 274 17 taUASC UNITED ARAB SHIPPING CO (SAG) SEALORD SHIPPING AGENCIES 70 Shenton Way 04 02C Manna Mouae Singapore 020/ Tel ?20 *>994 Tel. CFS office TPC 03 30 Tel *****31 and *****3? Terminal Office TPC 03 29 Tel No *****90 *****93 Ni. «S ,S4 .9 NATIONAL UNE OF BAHRAH, RAQ, KUWAIT,
      274 words
    • 710 17 Foreign Exchange Dealing s TIMES BOOKS INTERNATIONAL Times Centre 1 New industrial Road Spore 1953 Tel: *****44 A memo* <y m« t.m«s ogarvtaf or SS6 50 MAERBK LINE F#wJ,r Jung P,nanfl Singapore Ctovng Times CY 77 May IWC HRS CFS 26 May 2300 MRS Ms* Rando n Pert 24-25/5 Msk
      710 words

  • Page 18 Advertisements
    • 344 18 Y AM ASHITA-SHINNfHON LINE CONTAINER SERVICES r USA/CANADA FMB.T MX CURT MX n W 27/5 28/5 */5 1/8 4/8 8/8 14/« 11/8 11/8 17/1 21/1 PrcHlc South WMt PaoMe North Wool Fudir at Tokyo riidor ot Kobo Ibta *S. LA/IB OM RtfW »l Kl P. NRON 28/8 2/7 MUM M.
      344 words
    • 209 18 «£> K1A 3 Supercarrier Service ......iLrit II Mf~Ml' T UM 2/1 IV* a/I a/i m/ 7 MM 27/5 IMO TONSKK 7/C. MMtt IDAS 17/1 TO: CALIFORNIA PANAMA US ATLANTIC US OULF E. CANADA r- wj± mc 1/7 V 7 in *n 13/7 17/7 imp nn M/ 7 a/7 M/ 7
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  • Page 19 Advertisements
    • 597 19 ■nH The Straitsmsj/g Steamship Group Mansfield Container Shipping PteLtd QCL Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAINERSHIP SERVICE TO UK CONTINENT STm MWf 17/1 19/ C 24/1 21/1 12/7 M/ 7 M/ 7 u/7 11/7 M/ 7 25/7 27/7 M/ 7 11/7 M/
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    • 642 19 NOTICE 111 [H iTiFillJ-:!: EXTRA RISK MSURANCE SURCHARGE (EMS) Reference is mode to the 'Notice to Shippers' issued by this Conference on 19th April 1985. Shippers ore hereby odvised that the Extra Risk Insurance Surcharge (ERIS) wi be decreased as folows effective 25th May 1985. (a) From 4% to 3%
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  • Page 20 Advertisements
    • 510 20 i I Hapag-Lloyd If EXPORTS TO CONTINENT/UK On carriage to Scandnavia, Med. Carribean tS. America V Wand hadate to rtand destinations in Europe S"par« Plata* Gansa Hbw| Rdam BkmaWwp «nUM 9/S 12/ i 14/1 5/7 11/7 13/7 Fwfcr P. Maifpn It) 22/5 23/5 Uwpaai li> 22/5 23/5 Taky* Bay H/5
      510 words
    • 103 20 KOBf J iH P* %t o**nas .0* FULLY CONTAI N_EJ> IS E D SE R VICE 10 EUROPf Vl* Sl*/ 1 H"" 6 01 Comortum FROM fUROPf Vl* Sl*/ J Mfmofr 0 t thf A C f Consortium "T FULL* CONTAINFRISfD 10 FROM NORIH »MfRICA WEST uU*S! PR KQKM MCEMON
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    • 442 20 8 A6ENCIES PTE. LTD. #09-07. ROBINA HOUSE. S PORE 0106 TEL: *****88 TELEX: RS ***** BOOKING: *****56 (DIRECT LINE) SINGAPORE TO PENANQ SINGAPORE TO SABAH nr lei SIN CHIAO SHIPPING AGENCY PTE LTD In* af CHaa Mfet #16-M anroK TEL JIJSII mom RS ***** ICMSHP W n«i cnm«o SERVICE QMG
      442 words
    • 365 20 o EVERGREEN Full Container Service 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 OUTBOUND FAR EAST/RED SEA/MEDITERRANEAN SERVICE M/ 5 M/l 22/1 */i TO: FE, CEUTA. KUUA. I INBOUND MED/ADRIATIC/RED SEA F.E. SERVICE Agents GREEN ASIA SHIPPING PTE LTD BOOKINGS *****: 51 Anson Road
      365 words
    • 193 20 r US i NOSE MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES i Tvi r.v iST" ilmS KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC sran hmmi i can 24/t r. wm+i. lm. KteU, IWn, Iwm. LmMu, Sm, NpttHt, faft, Mi I (PER 7/7 |/71qnpn.LM.RM,P. Mm Sm. Pa*
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  • Page 21 Advertisements
    • 638 21 V\v PACIFIC INTERNATIONAL LINES PIL Building,~"l4o Cecil Street. 03-00 Singapore 0106. Tel; *****33 EAST AFRICA/REDSEA SERVICES KOTA AOUMQ KOTA WWAMA KOTA WtSATA VESSEL SINGAPORE RANGOON 5-6/6 BANGKOK DIRECT SERVICES VOYAGE INDONESIA SERVICES KOTA ANGKASA PiVif.il COLOMBO FAR EAST SERVICE TAIWAN/JAPAN (FULL CONTAINER SERVICE) 24/5 26/5 »/5 130/5 MID. S.E.A. CONTAINERS
      638 words
    • 761 21 BEN LINE CONTAINERS STM PKELAK I ILK. HUM BHHIO MMM a/s »/5 «/i Vi 11/ i IVI a/i a/i 27/< a/i 4/7 1/7 11/7 11/7 a/7 a/7 17/1 19/1 21/ i a/i N/i M/i a/i a/i a/i 1/7 1/7 4/7 «/7 11/7 n/7 a/7 a/7 77/7 'I 1/7 n »/7
      761 words
    • 513 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINF MBM TOKOHMM (OK IMMSUS Ml STCK MftMNMT *21/tM 7/5 10/5 12/5 U/5 11/5 24/5 COM *21 M 23/5 21/5 21/5 1/1 3/C l/l .1 JyIUMV M! a:** a o>3 Ml MO Ml tIMM/nMN KMMC/MI 5-1/7 21-22/7 I lt-11/S 15-22/1 2V I d «lso icarns cjmco
      513 words
    • 449 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STMt (Bunnese National Line) Loadng for Ranfoon Pmyi V79W 24/2 Pan VMM 1/3 Htoneywa V 202 4/6 Pajan V«* 6/5 Phashwejyawywi V255M 7/9 S'part 24/25 May 1/3 km 4/6 Jim 6/5 kww BANK LINE SPORE I'D AM HULL HMBG TAUSALA SAMOA 31 May 26 Jun
      449 words

  • Page 22 Advertisements
    • 876 22 *\'K'line —KAWASAKI KISEN KAISHA, LTD. n me nac pm srm iok ouuaauuio an w* umow mmmm a*l M 75 Mn 27 kbr 10 Jut M M 7h* CM Tl* I H II CENTRAL AMERICA/CARIBBEAN SEA ram va. mno *st prig png store kok ntanr.ioacapu.co pt. quetzalacajutu siorejcocorrito ptcooap cam MM
      876 words
    • 463 22 '/M CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS COffTAMER/REEFER/BULK SERVICE ludMf tw LOS MK£L£S. SAN FRANCISCO. SEATTLE. TACOMA. VANCOUVER BC Acceptinj FCt/FCL Container] Smfapot L Ai M/Z5 M»y n AUSTRALIA EXPRESS CONTAMER SERVICE Acopbni Fa/Fa Cortjmn MBROAS "RAVSAS" "CHMODAS" 21/29 M*t 30/1 km 19/20 taw 1/2 My J/4 My 9/10 My 21/22
      463 words
    • 233 22 SANKO ASIA FMOM JAPANESE POUTS ANO HOMOKOMG m GOLDEN LINE GUAM GUM SWfMG (PTE) LID |M| T«f Pmtocto W ftMa, M Cad tM. smemm mm m nam (it lms) T* M lm*m N2ll P. *7*l PWSH ICMti fa* e«c«* am uora no at n. m: kjto STRAITS/PERSIAN GULF SERVICE: SOLDO
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    • 292 22 V INTRASEA (PTE) LTD 10 Anson Road "27 16 lnter.nation.» P .t/.« Singapore 0207 Tel 22-lbMi ilO I'iosl BREAKBULK SERVICE TO EUROPE/UK 0 ■ni»w (Pit) in nans znbm MTMB «K CO ML M 7*711 Su h i i I TJ t ■m P.T PERUSAHAAN PEL AY ARAN KALIMANTAN WRECT WEEKLY
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  • Page 23 Advertisements
    • 480 23 MM FAR EAST/EUROP€ FULLY CONTAINERISED SERVICE iMrnmiCKMM. TO EUROPE/UK (VIA SUEZ): C MUL 44* TV BHDGC 2SN C CONTMO 30*1.... K CHUNK 2211 W CONTAMX 45W. 0 CHEF 44W Also accepting cargo to/from Scandinavia C PAUL S'pore Closing Times: FCL Cargo *****8/5 LCI Cargo 1100 28/5 FROM EUROPE (VIA SUEZ)
      480 words
    • 405 23 HEUHG-A SHIPPING Korean Flag Vessel# o SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON > Dm/SUI +1 i >.tin NfP'llf# Af.tNl lIS PH I >0 -'-RS4 <4 .'.'.''MO 7?\.'0." (tp^utionsl ????*HI .\W*4 I'inanjl> '.'O.MSO ,'>O?SO4 'MS. Ml I" i ti IN' MNAS St TIN S[)N RMO HI M )1(M
      405 words
    • 454 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SMSOV BUR.WN6 55, Market Street SiNfapere 0104 Telephone Numbers *****3 (15 lines) Cable Address SMSOV SMGAPORE Tetei Umbers RS 213*0 RS ***** RS ***** f KELAN6 M/S SHARKAT KAN SOON SON. M> IST ANO 2NO FLOOR. NO 1 lALAN C£MPCMNG PORT KLANG. MALAYSIA
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    • 17 23 vm UK saw a/5 mm lira */s Agents: JAMBATAN MERAH SDN. BHD. P. Kekang: ******7 K.L. *****7/*****1
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  • Page 24 Advertisements
    • 602 24 Iti'giiinal Container Lilies Tl>f 4 Sailings weekly 11 .vK'II I' aB Reliable Regular •Punctual Berthing PSA Tue, Thur, Sat Sun MTU KOKOiTIM MTU KORsatnuH mturqkortrjm MTU ROMSORTRRt Mm RONSORTRM REGULAR/FEEDER SERVICE TO PHUKET/SOHGKLA »oy m m atu mtu ronhrtmm i7a/33i MTU RONSORTRM 171N/341 ,7 mtu laeaTHH irm/m i a 11
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  • Page 24 Miscellaneous
    • 158 24 Regional Weather aT. m m IS C 4 "A 1&. SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. o* Wmd direction with speed m knots Wave height LEGEND: R Thunderstorm d.rectK>n with speed m knots V Shower J Ram Wave height Cloudy Sky Swrfoce winds ore indicated by
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  • Page 25 Advertisements
    • 54 25 1 m 11. ■suej: II :■njcii FAR EAST/EUROPE CONTAINER SERVICF ■a iSJME IEILIBIMEMiaUaME] I£U mUIOM GDI [ZJ EU Mm ."TTi[um IS rtMHTj 11 ■tTjrri v.:, unmum rridTi ry M HJM mrrrn li'.ii* l 'i OAO, cm.ANMUS CJMO TO HK. M ft STRAITS/TAIWAN/JAPAN CONTAINER SERVICE SEA /AUSTRALIA CONTAINER SERVICE IT, Mi''Tn'J.
      54 words
    • 144 25 Mmr-east ran. I/WU BNU CHTTMONC. UMM (MM I HOKMM ETA STOK a/s.«/« EAST/NEST MICA LOC. HHP*. DOULA WORLD l 3" LINE REGULAR SERVICE JAPAN/HONGKONG/STRAITS KSSEIS SPONE mm MX M h Nrt TWnCM IMKM *21 Mtr us tub MMts m. n Mr »/3i IBM m-lM km «/t M NSC muk tarih
      144 words
    • 240 25 sgj :LICQRNE Scan Dutch V To Europe (Med/UK/NC/Scan) PJCELANG B But*** Pt B Butane 30/5 B Butane 6/6 B B«tan( 13/6 8 Butane 20/6 27 B Butane 24/5 B Butane 31/5 B Butane 7/6 B Butane 14/6 B Butane 21/6 ACCEOTMG/SNLNG 28/5 4/6 11/6 18/6 25/6 2/7 Juttan«a K oem
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  • Page 26 Advertisements
    • 42 26 KOREA TONGHAE SHIPPING CO. DPR of KOREA SKtfOK TO CALCUTTA M V "MVfWC SAW ETA 24 MAY CTD 27 MAT SMGAPOIK to WAIA ALGERIA MV OH SAW TOT ETA 3HW ETP 7 W ginirm AUNTS TONGHAE SHIPPING AGENCY PTE LTD TEL: *****09/*****39/*****39
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    • 280 26 r J"S Mitsui OS K. Lines Ltd CONVENTIONAL/SEMI-CONTAINER 24 May Port. Louis, Reunion 4 Jon Mombasa. Dareesaiaam, Tanga 14 Jun Mombasa, Darassalaam 24 Jun Port Louis, Reunion AFRICA MARU EVERDAWN ALTAI MARU APOLLO PEAK 16 Jun Monrovia, Abidjan, Lome. Apapa, Douala. Tema HIMALAYA MARU II 3 mm 1 I iTI
      280 words