The Business Times, 27 May 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 MONDAY, MAY Zl, 1185 60 CENTS
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  • 765 1  -  Shareholders told of infringement of CPF Act By ALVIN TAY FAMILY POLITICS at the Industrial and Commercial Bank took a new twist last Saturday when bewildered shareholders were informed of the board's recommendation that Mr Tan Poh Siong be removed as director for
    765 words
  • 470 1  -  By LISA LEE PRESERVATION of the 92-year-old Telok Ayer market one of Singapore's more unusual projects may go to a foreign contractor because it is believed that local builders do not have the expertise to carry out the work. The
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  • 374 1 AFP A TOP CHINESE finance official has said that new taxes to be levied on foreign companies in China are lenient, but an example he gave left some businessmen convinced of the opposite. "It is necessary to tax the income and
    AFP  -  374 words
  • 130 1 UPI AMERICAN police inspector William Ward thinks police should spend their time on serious crimes and let the routine illegalities wait, so he disciplined three officers for writing too many traffic tickets and cited one as a "bounty hunter". Mr Ward, in a
    UPI  -  130 words
  • 265 1 Reuter NORWAY, reacting to a weak world oil market, has cut the price of its North Sea crude by up to US$l per barrel. Oil industry sources said the state-owned oil company Statoil, which exports over two thirds of Norway's 750,000 barrels per
    Reuter  -  265 words
  • 311 1 SINGAPORE companies stand to lose some business in Indonesia at least in the short term as a result of the new Indonesian value-added tax (VAT) which came into effect on April I this year. But business should go back to normal by the end of
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  • Page 1 Advertisements
    • 117 1 Call Wayfoong at 737-7977 for a fast decision on your loan Waytoong Mortgage and Finance (S) Ltd A wholly-owned subsidiary ol Hongkong Bank 6 Clayrrore H« »03 00 Claymore Plaza Singapore 0922 A.P. No. 004S TRINITRON FOR CMNA This 36cm (14") Trinitron fad is specially designed for the China market
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    • 378 1 tfcaaiMft The Grips Theatre specialises in plays that look at the world from the children's and teenagers' eye level. Plays are staged with the aim of encouraging the young to come to terms with their authoritarian environment, to see that conditions are chanqeable, to understand criticism and to stimulate creative
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    • 159 1 iiuattlflajlkilllComputerAsiaBs 14-17 August World Trade Centre Singapore Exhibition Services Pie Ltd Tel *****47 Telex RS ***** SINGEX What you missed... If you did not read BT on Saturday, you would not know what the United States' commerce department thinks of the software piracy situation in Singapore. and you would also
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  • MANAGEMENT
    • 834 2  -  The German group sets up domestic plants to satisfy the needs of individual countries By YAP BOH HOON THE WEST GERMAN telecommunications group, Siemens, has a simple formula for winning equipment sales and markets. Invariably, it promotes its multi-pronged expertise in communications technology. But unlike
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    • 1194 2  -  By JONATHAN CARR FT IT LOOKS a big jump, psychologically as well as geographically, from California's Silicon Valley to a century-old redbrick factory hard by the Berlin Wall. But a dozen or so American "high tech" entrepreneurs and venture capitalists who made the
      FT  -  1,194 words
    • FRONTIERS
      • 160 3  -  Compiled by LEE HAN SHIH A KOREAN research team has succeed in developing a new material called Aramid Pulp. It is allegedly the first in the world to have the production technology. The Korean Advanced Institute of Science and Technology announced recently that its team headed by
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      • 249 3 AN HOUR a day in a room with a smoker is nearly 100 times more likely to cause lung fencer in a non-smoker than if if is spent in a building containing asbestos. So say Richard Doll and Julian Peto, two of Britain's leading epidemiologists. They added
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      • 93 3 SEIMENS has come out with a new shock-free socket which it claims will prevent the users from being affected by malfunctions. The "safety plus" socket combines the conventional safety plug socket and an automatic cutout that switches off the current in a fraction of a second as
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    • 689 3  -  The International Business Women's Association plans to increase membership By PENG AILIAN THE USEFULNESS of networking for career women is currently gaining a bit of ground in Singapore with a little help from foreign friends. Networking provides support and communication among women in making business contacts and
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    • 621 3 FT THE CONTRAST between the solid opulence of the Johannesburg headquarters of the great South African mining corporations and the sparsely furnished suite of offices on the fifth floor of a run-down office block which serves as nerve centre for the black National Union of
      FT  -  621 words
  • Page 2 Advertisements
    • 270 2 PHILIPS r Ai I PHILIPS sl^J2L^Sb Let the Phifips Pocket Memos9s record the minutes of your meeting while your secretary attends to other important tasks. Use the Philips Pocket Memo 595 to record your conference minutes instead of your secretary. So she can make better use of her time to
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    • 98 2 LE SQMPTUEUX BUFFET -V J6-- r y v t Le Gourmet presents a new lunch spectacular, a magnificent array of appetizers and desserts to suit every fancy. In addition, there's a choice of main courses that will be specially prepared for you by our chef whilst you indulge in those
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  • Page 3 Advertisements
    • 99 3 ST E L E C T R 1 C 'B5 TT7IT I L TTTT Building Decoration Material Building Equipment and Furniture Construction Equipment General Electric Appliance International Exhibition oi Construction Building Decoration Materials, Equipment and General Electric Appliances JILI UU Organiser: Hua Zhan Trade Promotion Co., Ltd. Address Rm 1502,
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    • 45 3 Lufthansa people. A un|que blend of individual qualities. v 7 OJO Presenting Lufthansa's staff in Singapore. Each one trained to the highest standards. A perfect and unique blend of Asian courtesy, warmth and hospitality and Lufthansa's qualities of professionalism, understanding and expertise. Lufthansa German Airlines
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  • OVERSEAS
    • 657 4 NYT THE US and 10 other wealthy countries have agreed on a modest revision of the world's monetary system, according to officials involved in the negotiations. The tentative accord, which has not been announced, would provide for examination of each other's economic policies,
      NYT  -  657 words
    • 353 4 Reuter THE BRITISH government may need to step up its sales of state-owned assets to avoid a possible overshoot in public borrowing in the current financial year, say market economists in London. The sales may be needed to help offset higher-than-erpected public
      Reuter  -  353 words
    • 231 4 AP FREE TRADE agreements, cimiiar to one the US made recently with Israel, were offered to Egypt and Saudi Arabia but were not accepted. US Under-Secretary of Commerce Lionel Olmer said during the weekend: "I would point out that at the same
      AP  -  231 words
    • 185 4 AFP AMERICAN Commerce Secretary Malcolm Baldrige's recent tour of India, China and the Soviet Union brought a "better understanding" of bilateral trade problems, Commerce Under-sec-retary for International Trade Lionel Olmer said. He welcomed the fact that Mr Baldrige had "set the record straight"
      AFP  -  185 words
    • 413 4 NYT PRESIDENT REAGAN said his plan to simplify the federal income tax is "one of the most compelling issues of our time" and one that would benefit American families. Devoting his weekly radio address to the initiative he will offer tomorrow, Mr
      NYT  -  413 words
    • 116 4 Reuter US PRESIDENT Ronald Reagan accused the Democrat-ic-controlled House of endangering national security by voting to freeze defence spending in the 1986 financial year beginning in October. He said in a speech to the National Association of Manufacturers on Friday that the House action "is, frankly,
      Reuter  -  116 words
    • 162 4 Reuter A LEADING Soviet scientist has said the Soviet Union had the means to counter Washington's proposed space-based antimissile defence system known as "Star Wars". "It is rather easy to puncture a small hole in the "space umbrella" and launch all missiles through it,"
      Reuter  -  162 words
    • 159 4 Reuter THE US government's proposed US$2 billion programme to boost farm exports is tantamount to declaring a trade war with the European Economic Community. French Farm Minister Henri Nallet said yesterday that the proposal being discussed by Congress "smacks of a
      Reuter  -  159 words
    • 166 4 AP PRESIDENT Francois Mitterrand saw France's sixth nuclear missile-launching submarine off on its first patrol on Saturday, saying that he was ready "if necessary" to give the order to launch a nuclear attack. "That is part of my mission," the president said after the Inflexible set to
      AP  -  166 words
    • WORLD IN BRIEF
      • 61 4 FORMER US secretary of state Henry Kissinger has said the US should start talks immediately with the Soviet Union on the deployment of a partial "Star Wars" defence against nuclear weapons. Any further delay would leave the US vulnerable to Soviet proposals linking cuts in offensive nuclear
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      • 34 4 ICELAND'S Parliament has unanimously approved a resolution to make the Nato mem-ber-country a nuclearfree zone. The resolution bans the deployment of nuclear weapons on land and in Icelandic airspace and territorial waters.
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      • 75 4 OPEC's special audit committee, which monitors adherence to Opec pricing and output policy, will meet on June 2 in Taif, Saudi Arabia, to review continuing threats to world oil market stability, it was announced on Thursday. The committee and the oil ministers of Saudi Arabia, Indonesia, Nigeria
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      • 26 4 ARGENTINE defence Minister Raul Borras, one of the most influential figures in the government, died on Saturday from a lung infection. He was 52.
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      • 35 4 JAPAN'S Defence Agency chief Kaoichi Kato will visit Washington from June 6-17 during which he will meet his US counterpart Caspar Weinberger. He is also scheduled to meet Secretary of State George Shultz.
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      • 71 4 AN international rescue ship has plucked the first 76 South Pacific islanders from their H-bomb contaminated home and landed them on radioactive-free Mejato Island. The 260 inhabitants of Rongelap Island said they turned to Green- peace for help when the US refused to move them, despite their claims that
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      • 44 4 THE BRITISH government has decided on the site for London's third international airport. It has opted to expand Standsted, a small airport 50 km northeast of London, currently handling 300,000 passengers a year. [Details of the decision will be announced this week.
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      • 71 4 Agencies A BOUTIQUE assistant refused to change a pair of trousers for Princess Diana unless she produced a receipt. The Mirror said the princess "stood blushing with her head down as her detective tried to sort it out". After the manager of the Benetton Shop, in London's fashionable
        Agencies  -  71 words
    • 744 4 ARRIVALS Operator Sorvico number Local tiiM From PAA PA21 0020 LAX/TYO/ HKG MAS MH60I 0720 KUL SIA SQ43 0750 DHA MAS MH68I 0820 KUL MAS MH603 0905 KUL MAS MH671 0935 KUL MAS MH811 0940 PEN sv SV378 0940 JED/RUH CAL CI806 0945 CGK RBA BM2I 1000
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    • 266 5 AFP IRAN has vowed to turn the Iraqi capital Baghdad "into a hell" in retaliation against an Iraqi overnight air attack on Teheran which killed at least one person and wounded six others. The Iranian High Defence Council, in a statement carried by
      AFP  -  266 words
    • 82 5 AFP PRIME MINISTER Bob Hawke said yesterday that a draft treaty for a South Pacific nuclearfree zone should be ready for discussion at a regional meeting of South Pacific nations in August. The draft, prepared at Australia's initiative by a party of South Pacific nations,
      AFP  -  82 words
    • 166 5 AFP A SENIOR Chinese official has made the clearest statement since the Sino-Soviet rupture in the 1960s that China wants to restore party-to-party relations with Eastern bloc countries apart from the Soviet Union. Chinese Communist Party politburo member Hu Qiaomu was quoted yesterday
      AFP  -  166 words
    • 97 5 AP PRIME MINISTER Yasuhiro Nakasone has asked the Japan Federation of Bar Associations to allow foreign lawyers to practice in Japan, the Kyodo News Service reported. In a speech at a convention of the 12,600-member federation, Mr Nakasone urged the Japanese participants to lift
      AP  -  97 words
    • 280 5 Bernama THAILAND has accepted Malaysia's proposal for 50-50 production sharing of oil and gas resources jointly developed in their overlapping sea area, and legislation providing for the setting up of a Malaysian-Thai Joint Development Authority (JDA) to undertake exploration
      Bernama  -  280 words
    • 204 5 Reuter THE International Monetary Fund has relaxed a key money supply target for the Philippines, a move which should help reduce abnormally high interest rates, according to Philippine central bank sources. They said the IMF had apparently taken into account the fact that
      Reuter  -  204 words
    • 82 5 AFP PHILIPPINE military chief Lieutenant-General Fidel Ramos has denied a newspaper report that 20 Filipino workers have died of asbestos poisoning and eight of radar radiation at Subic Bay Naval Base and Camp O'Donnel respectively, according to press re- ports in Manila yesterday. General Ramos was
      AFP  -  82 words
    • 458 5 Reuter SOUTH KOREAN students yesterday ended a four-day occupation of the library at the US Information Service building in Seoul staged to demand that Washington withdraw its support for President Chun Doo Hwan. The 72 students were taken to Seoul hospitals in
      Reuter  -  458 words
    • 254 5 AFP TAIWANESE businessmen have urged authorities to clarify regulations governing indirect trade between Taiwan and China which has been booming in the past three years, a trade source said. Clarification was urgently needed after reports last week that the Garrison
      AFP  -  254 words
    • 137 5 Reuter TAIWAN says it will not recognise any agreement reached between Beijing and Lisbon on the return of Portuguese-adminis-tered Macau to China. Foreign Ministry spokesman Henry Wang made the remarks in response to a joint Sino-Portu-guese statement last Thursday, during a visit to Beijing
      Reuter  -  137 words
    • ECO – NOTES
      • 61 5 Australia and Thailand have agreed to increase trade to US$5OO million a year by 1988 from a current estimate of J270 million, Australian Trade Minister John Dawkins said in Bangkok on Saturday. Mr Dawkins said the two countries would immediately seek ways to expand trade and economic cooperation.
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      • 58 5 JAPAN'S direct investment overseas in fiscal 1964, which ended on March 31, rose 24.7 per cent over the previous year to US$lO.l6 billion. Such investment in the US totalled $3,359 billion, an increase of 31.0 per cent over fiscal 1963, Japan's finance ministry said. It was followed by
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      • 45 5 CHILE and South Korea have agreed to guarantee the interests of investors from each other's country. Visiting Chilean Foreign Minister Jaime del Valle Alliende and his South Korean counterpart Lee Won-Kyung also examined ways to promote bilateral economic cooperation and increase two-way trade.
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      • 37 5 THE THAI interior ministry has rejected a proposal to allow foreigners to own up to 25 per cent of a condominium in Thailand, said a ministry official. Thai law prohibits property ownership by foreign individuals.
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      • 60 5 Agencies THE ASSOCIATION of champagne producers in France said that the long freeze this winter had seriously damaged grape vines in the Champagne region and probably would result in a poor 1985 harvest. The organisation estimated that at least 10,000 hectares out of 25,000 hectares would have an
        Agencies  -  60 words
  • Page 4 Advertisements
    • 60 4 *4 >/ V» »,-> I4feter The Instinctive choice when... yo» hunger for fine french food entertcuning clients making amends celebrating! impressions count she demands attention you yonder hihat happened to romance, the occasion dictates Whatever yourreason, caU 223 3366f0r reservations Luncheon-12-2.30pm- Dinner•" 7- 10.30pm Nouvelk cuisine's finest hour The Octagon,
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    • 1 4 II
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  • Page 4 Miscellaneous
    • 30 4 xutoom KJ9SAUCB 7 uxors THE LOOK. MLH&* K*M MP /WT BY GARRY TRUDEAU IS m m tILTAKSA SOKW, PUCKS BALONEi 10U -mis IS A GOTBALOHEf teC£MN6 TOOM* LINE.. p'loor m
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  • Page 5 Advertisements
    • 84 5 y-T Talk to our man about money and ycxfll be amazed by his cx)mputerknov\^-how We have the strong backing of the OCBC and Midland Bank Groups to give you the kind of service that only comes with good connections. Callus. We offer competitive packages for office automation and computer financing.
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    • 162 5 '-ffe tin htm :1: Or B£ P@g PP t -c. V sag S. si Vi w. f#S ileal ■1 JL V»«3B f< 3? *>: v 41 IN m v> •^.vCfc B- -si jri h im A t V A THE COMPLETE top executives i briefing and™ E COMPLETE on the
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  • Page 6 Advertisements
    • 238 6 It pays to look for a better Corporate Card swcTAvn 3 wl wl ll# 3«SklB 0009 I# OiNfrfcS CtUS **B DIN' ws ClUt is club otwfts Civb i tmt <» dwi CU» WMftS CIUB >* t> f! 3M6b18 0009 HNf JrtClf Ml Just ask the U. S Government. The United
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  • BANKING AND FINANCE
    • 302 7 Union Bank of Switzerland EXCHANGE RATE fluctuations eased somewhat in the past two weeks. Foreign exchange trading remained largely trendless apart from a short-lived fainting spell of the dollar. Sterling again acted as the principal alternative investment currency to the dollar whereas the yen, as it
      Union Bank of Switzerland  -  302 words
    • 191 7 Green Collier last WEEK, the US dollar demonstrated its resilience to seemingly bearish factors, namely the weak growth of the first quarter GNP and recent cuts in the US key rates. Underlying support at current levels for the US unit persists primarily from commercial demand and a
      Green & Collier  -  191 words
    • 73 7 Reuter DEALERS in the massive and still growing global market for Eurobonds have empowered one of their professional associations to act as a watchdog body to prevent possible fraud. Regulatory authorities have alerted the group that some dealers in bonds, sold by countries, public authorities, international
      Reuter  -  73 words
    • 215 7 ASIAN currency average deposit rates for the week ended May 24 SID PRICES High Low uss 7 days 1 month 2 —I tm 3 months 6 months 9 months 12 months 7 3/4 7 11/16 7 3/4 7 11/16 7 7/8 7 13/16 8 7 7/8 8
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    • 714 7 Reuter MOUNTING dissatisfaction in the international banking community over the Argentine government's recent closure of its third-largest private bank poses a serious threat to the completion of a US$4.2 billion commercial bank loan, senior US bankers said. The Banco de Italia Y Rio de
      Reuter  -  714 words
    • 336 7 Commercial Discount Co Ltd AS EXPECTED in a continuing liquid market last week, further reductions in prime rates were announced by several banks. The adjustments followed soon after the Monetary Authority of Singapore notified the market of the drop of Vi per cent in their
      Commercial Discount Co Ltd  -  336 words
    • 431 7 Reuter THE FEDERAL Open Market Committee (FOMC) voted to maintain the existing degree of reserve restraint at its March 26 meeting, minutes show. It maintained a 6 to 10 per cent federal funds "reference" range as consistent with its policy. The vote for an unchanged
      Reuter  -  431 words
    • 303 7 1 Boyensche L'bonk GZ Corvodion Imperial Qmm Manhattan Chemical Bank 9 9 8V« 7V« Chung Khia* Citibank NA Copenhagen Handelsbank A/S 8W 8V« 8Vi Continental Minors Credit Lyonnois Credit Suisse DoHchi Kangyo 8V« 9 8V. 8V« Daiwa Bank Den Danske Bank D G Bank DBS Bank 8V.
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    • 51 7 MHCATES Mm «»*»1« t* Mm prim Itndtaf rites of 12 m«jw banks op«*tnc to Stacapw* J The range of call rates for the week ended Friday, May 24: Bonk fund 5.2 5.3 General fum 1 5 25 5 35 $m Movements of fund* 2,096 Source: Short Deposits (M)
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  • Page 7 Advertisements
    • 476 7 m ibf The Incctutr at Banking k Finance How to Trade for Profit featuring Hadady and Prechter leading authorities on Contrary Opinion and Elliott Wave 12 13 June 1985 Shangri-la Hotel Singapore Topics that will be covered in the seminar Uncle Sam's Fiscal Health How bad is it? Having the
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    • 171 7 Before you take the plunge... m»< r Individual Disability Income Insurance Long term illness and accidents have two things in common: They can strike any time during the day, and they can keep you off work for an indefinite period of time (and off your pay cheque too!). Of course,
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  • FEATURES
    • 789 8  -  Structural faults had striken three previous markets that stood on the present site By LISA LEE DANGER once more stalks the Old Market. A strange sense of deja vu seems to hang over the graceful octogonal building that now stands like an empty and silent
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    • 246 8  -  Letter to the Editor Ang Geek Mia (Miss) Geaeral Admia Dept Neptaae Orteat Um Dear Bb, I refer to the article on Neptune Orient Lines in the May 23 issue of the Business Times and would like to clarify a few points: 1.
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    • 602 8 NYT MIAMI'S Bayfront Park, once a civic showcase that declined into a hangout for derelicts, may soon bloom again under the guidance of the Japanese-American designersculptor Isamu Noguchi. In the process, it is expected that Mr Noguchi's plans for
      NYT  -  602 words
  • Page 8 Advertisements
    • 782 8 HERE'S HOW TO GET A COMPLETE OFFICE FOR THE PRICE OF A ROOM By complete office, we mean a prestigious address, an impressive reception area, conference room, receptionist/switchboard operator and access to modern office equipment such as word-processor, telex, facsimile, photocopying, etc. It's a modern office concept in office leasing
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  • Page 8 Miscellaneous
    • 619 8 Oj*D§3K3(MD CRYPTIC PUZZLE ACROSS 1 Too centralised a seat? (5) 6 Joey's place (5) 9 Where uncle sells chart-toppers P (3-4) 10 Cricketer not listened to (5) 11 Not under a cloud, Wee Jim (5) 12 Are they related to the tunas? (5) 13 Soothe by putting some cash in
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  • THE ARTS
    • 543 9  -  By TSANG SAU YIN GRIPS is derived from gripsen which means roughly to understand, to catch on, using one's common sense to grasp a situation quickly. A North German expression, grips has come to be familiar with children who link the
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    • 435 9  -  By XI YING CHERN THE TRIP to Sweden seemed to have done the Singapore Symphony Orchestra a lot of good. The SSO seemed to have matured by the exposure. There appeared to be a greater 9ense of purpose and cohesiveness in SSO's playing. The orchestral
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    • 718 9  -  By MARIE DAVID i QUESTION that inevitably prises in any system of broadeasting is: How should the presenters speak? In Singapore we seem to have a bias for RP or received pronunciation, a form of accentless English spoken by a very small group
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  • SPORST
    • 460 9  -  By WALTON MORAIS SINGAPORE'S Lim Kian Tiong (ell again to the Nival-bogey as Filipino Eleuterio Nival clinched the $25,000 Tiger Open golf championship in a dramatic three-way, sudden-death playoff at Sembawang yesterday. The Filipino, who came from seemingly nowhere to be
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    • 175 9 FORMER International Daniel Lim, playing "good golf", swept the Singapore Island Country Club championship with a comfortable five- and four- win over Wong Weng Hong in the 36-hole final at Bukit yesterday. Daniel took advantage of an unstoppable lead in the first 18 holes to
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    • 343 9  -  By BRIAN MILLER LOCAL RIDER SY Leong moved a step closer to toppling Nigel Tiley from his lofty perch at the top of the jockeys' table when he nudged home three good winners during the final weekend of the Bukit Timah May meeting
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  • Page 9 Miscellaneous
    • 939 9 TV HIGHLIGHTS T J Design Karl Lagwrfeld 8.30pm, Channel 12 Karl Lagerfeld is the German-born Parisbased fashion designer who is in the forefront of avant-garde creators of ready-to-wear clothes. Beginning his career in design as a teenager, Lagerfeld became associated with the House of Chole in 1964 and soon acquired
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    • 24 9 Rnstow: Pmiyc Dicitens I se.P>S®4 Cf PrtO PRu'TFOU-tJCSS P* B<?tS< bJP>L< TO TMC STPvTIOtJ DRCSSfeD tv»e\« Pusse.r Hece T o ftuxMT rne U)»NG£D o»\3>OT
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  • INTERNATIONAL STOCKS
    • 251 10 Reuter GERMAN shares have the potential to add further to already strong gains which have pushed leading stock indices to record highs repeatedly in the past weeks. In stock market outlooks, two German banks said the Commerzbank 60share index, base year end-1963, had set
      Reuter  -  251 words
    • 264 10 May 25 Yan Mittubahi Mitsub Elac.. 570 386 12 1 /ynaiwio 1100 unch MMvjb Estota 693 13 Akoi 420 1 Mitsui 360 +5 Asohi Cham. Aioft Gta» Bark of Tokyo 990 872 790 14 +7 •26 MMUShip Mima Smarting MMsukoihi 180 528 557 inch +6 13 BrtdQ<rton# 525 +9
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    • 317 10 Reuter WALL STREET share prices finished above the 1300 mark last Friday with gains in airline and technology stocks although trading was light as expected before a holiday weekend. The Dow Jones Industrial Average gained 5.26 points to close at 1301.97. For the week,
      Reuter  -  317 words
    • 127 10 MAY 24 C$ 51* AMU 19* unch i**h 1* Inco 19* 39* unch Ale on Aigomo 35H 22* Int Uti 2I*B 14* Aiootn HMgt LoMaw B 17* Bonk Novo Scotia M Conodo 12* 43* Mauty F«rg Mc BhxW 3 21* inch BP Can Ltd Bratcan 35 29* Moor* Cp
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    • 217 10 MAY 24 Rand MOUSTRIALS W oohro ll i 1675 MININGS 25 A AJpho too 170 -75 2870 -5 AE And a S20 unch •100 Anglvool 8700B -5 Amaprop 3000 IVyifOOfi BuftaH 8500 1240 -10 Chart «r 4506 2725 75 1365 unch CNA 300 -5 Con* Murch ***** Cumu Finai
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    • 688 10 MAY 24 US$ AJcon Alumn Alcoa Lud AM Cham Cp AM Store* AfcOiatntn Am Brandt he Am Broodcast Am Can Co Am Cyanarrad Am Elec Pwr Am Express Am Home Prod Am Mofori Cp Am Natural Gas Am Tel Tel Amax he Amerodo Hns AMf fcrtc Amr Corp
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    • 738 10 Amsterdam MAY M Fk A8N 439 00 -2 Amm 187.50 -1.5 AhoW 219 50 -1.7 Akxo 107 20 -0.1 AMFV 235 50 -7.2 Amtai Ann k* 71.30 -0 7 5250 +0.3 kk 92 80 -0 5 8m»um$ Bo«k<* 380 00 +1 Bur Tat ZI »i.» 5".2 Cobnd 36.60
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    • 94 10 AP CHINA'S first contract with foreign companies to drill for onshore oil will be signed shortly and cover a 2,800 sq km site on Hainan Island. The official news agency Xinhua said over the weekend that the foreign partner is a consortium of Australian companies,
      AP  -  94 words
  • Page 10 Advertisements
    • 151 10 ii Wledim dtieeJuiina taste. V V Delight in the bountiful treasure of the sea like lobster, oysters, halibut, trout, pomfret. Have them as a soup, starter or main course. With excellent wines by the glass to perfectly complement your selection. A Cafe Vienna Supplement Singapore LrN >mptuai\ ftutki ttviK w
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    • 52 10 m u V > f 9* I sSSkafrg&^sr J TSSS&teStSt*" w I HOTEL ASIA Many happy Mvra 37 Scorts Road Sngapc*> 0922 W *****8 ft "fate* R5243t3 HOTAS4A Pescadou Restaurant Provencal tmt<i' e introdu 1An 3 a ■3* tail V Ampte free parking at all times. 2*4 OunMfn floats. Singapore
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    • 93 10 oT. d o < Time: 12 noon 2.30 pm Price: Fashion Show: 1.15 pm Models by Modeling Agency Clothes by: Fdbjdni 'Hi Zd Li'i 181. Kitchener Road, Singapore 0820 Tel: *****22 fi A sumptous buffet lunch awaits you with savoury specialities to please the palette. Our menu includes popular dishes
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    • 134 10 lUu faunkai 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+»FURAMA SINGAPORE HOTEL 10 Eu Tong Sen Street. Singapore 0105 Tel: 533 3888 tbengourtJ? OMENBLCUnME A Penang Rediscovery Treat your family
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    • 132 10 Stockholm and Milan 5* bring Ch*ng L6u Teochcw Restaurant for the best Teochew delicacies In town. 4 Discover our famous dlan-xln, delicious steam-boat Teochew porridge and other mouth-watering I delights prepared by Hong Kong P chefs. And feel like royalty while IC you dine In Oriental splendour. Open daily from:
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  • INTERNATIONAL COMPANY NEWS
    • 505 11 NYT THE OWNERS and management of United Press International (UPI) have reached an agreement on a plan intended to settle questions of control of the financially troubled news agency and set procedures for negotiating UPl's sale. The agreement, which was reached after two hours
      NYT  -  505 words
    • 447 11 Reuter THE US Transportation Department has said that it is powerless to take the emergency steps requested by Trans World Airlines that would prevent financier Carl Icahn from taking further action to gain control of the airline. "We can't prohibit him from m»
      Reuter  -  447 words
    • 501 11  -  By GERALD COLVERD WESTPAC, the largest Australian bank, is planning to seek a listing for its shares in Tokyo. This was disclosed by deputy managing director lan Matheson to investment audiences in Edinburgh and London recently. Mr Matheson said that the total of 16 new
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    • 279 11 US COMPANIES much prefer personal computers manufactured by International Business Machines Corp (IBM) to other brands, the Dun and Bradstreet Economic Information Company has reported. They came to this conclusion after making a survey of 5,000 companies. Second in popularity came Apple computers, the report said,
      279 words
  • Page 11 Advertisements
    • 480 11 421 H 15 n .V SBPPep y> dVMMH ■w^r'W -I. iSi-. J... I V y* r^^1 -i *T" *ZI ?j Z(T u > vr > A < ■&*•>? itf rf*- <" > Selected US Prime Beef Cuts. Continental and Game Specialities in a hunter's lodge setting. n;#iii ;>, Monday to
      480 words
    • 147 11 Executive Set lunch Daily $1290 PftMNV 4NLL Menu of the \A|aa|# >—_ Ivvvn —"S 3-course lunch prepared in the finest Continental style. Each meal includes a hearty soup and a delicious dessert. Mon Roast Pork Loin Hunter Style Tue Roast Chicken Farmer Style Wed Tender Roast Leg of Lamb Thur
      147 words

  • RAW MATERIALS
    • 835 12 Barnama THE International Natural Rubber Organisation (Inro) is in a dilemma over the appointment of a new buffer stock manager especially when the producer and consumer countries cannot see "eye to eye" on the two candidates nominated. The incumbent Mr
      Barnama  -  835 words
    • 136 12 Reuter ARGENTINA has said it would cut sugar exports and encourage other producers to follow suit in order to lift world prices from near record low levels. Argentine Sugar Association chairman Jorge Zorreguieta, who arrived in London last week for two days of
      Reuter  -  136 words
    • 596 12 AFP CURRENCY uncertainties again led to caution on the commodity markets last week, in the approach to the long bank holiday weekend. Geld: Lower. After a brief rally at the outset, promoted by the dollar's decline, prices fluctuated lower in dull conditions, in line with
      AFP  -  596 words
    • 1127 12 COFFEE Robusta futures ended last Friday with losses of £24 to £7 and around the lows of the day's narrow range. July finished at £2,097, down £18. Steadier sterling against the dollar maintained small losses throughout the session. Afternoon activity was modest, with a number of operators squaring
      1,127 words
    • 335 12 Bernama MALAYSIAN rubber exporters have to explore and understand the consumer needs of the US market if they want to maintain their market share there. According to the Malaysian Rubber Exchange and Licensing Board (MRELB), exporters must build up good rapport and keep
      Bernama  -  335 words
    • 296 12 BUYERS were active in the produce market last week, resulting in firmer prices. Pepper prices firmed in spite of an increased supply from the Sarawak crop. The fresh crop from Sarawak was easily absorbed by buyers who were afraid of being short in the
      296 words
    • 146 12 Chineee Produce Exchange Robusta 20/25% FOB NSW 477.50 r Soften' noon dating pri Mot 25 SS/100 kg). cot on Nutmeg 110 FOB NSW 405.00 Coconut oil E&W FOB NSW 256 00 Bufc FOB 123.00 Gambier > Od drum FOB 136.00 FOB NSW 330.00 Now drum FOB 140.00 Copro
      146 words
    • 27 12 KL TIN Date Ck>«r»c pfios nSkSb Turnover (<——) May 20 29.32 183 May 21 29.26 194 May 22 29.31 133 May 23 29.30 145 May 24 29.36 128
      27 words
    • 150 12 QUIET trading conditions continued last week as the market (ell slightly and then recovered upon the intervention of Inro, Holiday, Cutler, Bath A Co said in its weekly rubber report. Current Int One RSS initially held around the 170 cents (S) mark on hopes of renewed Soviet interest for
      150 words
    • 215 12 SOYBEAN futures on the Chicago Board of Trade came off mid-session lows last Friday to finish 3Vi to two US cents lower, with spot July ending at f5.68V« a bushel, down 3VJ cents. Analysts had expected prices to trade with a firmer tone on follow-through short-covering, but buying dried
      215 words
    • 222 12 WHEAT FUTURES on the Chicago Board of Trade settled one to 3Vi US cents a bushel lower in extremely light trade last Friday, with May and distant July making new contract lows. Spot July ended 3V4 cents higher at $3.16 V* a bushel. Prices eased on light evening up
      222 words
  • Page 12 Advertisements
    • 478 12 SOUTH EAST ASIA DEVELOPMENT CORPORATION BERHAD (Incorporated in Malaysia) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Twenty-second Annual General Meeting of SOUTH EAST ASIA DEVELOPMENT CORPORATION BERHAD will be held at the Registered Office of the Company, 9th Floor, Bangunan Hong Leona, 117 Jalan Bandar, Kuala
      478 words

  • MARKET REVIEWS
    • 5644 13  -  V Singapore By HOMER CHEN AFTER a firm start on Monday, t the Singapore stock market went i downhill for the rest of last week, c The previous week's technical ral- 1 ly was abruptly halted following the release of the latest economic survey which
      5,644 words
    • 271 13 rl r Australia Reuter AUSTRALIAN share markets rose to record highs at the start of the week but fell back in the next four days in the belief that most stocks were overpriced. Brokers said the 900 point mark on the All Ordinaries Index, which
      Reuter  -  271 words
    • 69 13 THE WORLD'S biggest car manufacturer, General Motors (GM), will invest US$9 billion this year in capital equipment, which is 50 per cent more than in 1984. GM chief executive Roger Smith told the annual general meeting that investment in Europe will total *1.5 billion
      69 words
    • 1463 14  -  r— 1 London By GERALD COLVERD IT HAS BEEN an eventful week during which the real tug-of-war contestants have taken a grip on several key issues and started to pull in their own direction. The cut in the Federal Reserve discount rate of half a point to
      1,463 words
    • 110 14 THE MALAYSIAN Airline System (MAS), which often complains it cannot expand because of growing protectionism, posted a record MJI3O million after-tax profit for its financial year ended March 31, 1965. Managing director Abdul Aziz Rahaman said the record profit resulted from measures to
      110 words
    • 328 14 per 1 11 111 < A BCI INVESTORS continued to lend support to trading in Milan last week as the outcome of the recent local elections provided a firm foundation for confidence. The BCI All-Share Index jumped from peak to peak and set up the
      BCI  -  328 words
    • 466 14 Company Period Dote Year LAS1 Net EPS r FULL YE Gross AR Net announced ending (cents) div profit lost rear ($*000) Pohong Inv Final Jan 31 Dec 84 9.352L K L Industries Final Mar 16 Oct 84 3.2 1.5 2,878 Peak Hua Final Mar 27 Dec 84 0.3
      466 words
    • 247 14 I Hongkong m SHK Research THE HONGKONG stock market succumbed to profit-taking last week with the Hang Seng Index finishing below the 1,600 mark at 1,596.84. In spite of positive news which included a half percentage point cut in local interest rates, excellent land
      SHK Research  -  247 words
    • 185 14 Bernama GEORGE TOWN Holdings Bhd's proposed restructuring scheme involving a rights issue, an acquisition and a public issue, has received approval from the Foreign Investment Committee. George Town, in a statement to the KLSE, said the approval is subject to the valuation of
      Bernama  -  185 words
    • 766 14 J New York y FT THERE IS little Wall Street likes more than creating magic numbers, and it has built up a great deal of mystique in the past 18 months around the figure of 1,300. The Dow Jones Industrial Average almost made it to that
      FT  -  766 words
    • 573 14 << Mi Tokyo V g j AFP TOKYO STOCK prices last week suffered their first setback on Thursday after rising six sessions in a row. The Dow Jones Average erf 225 blue chips hit an all-time high of 12,689.33 yen at one stage
      AFP  -  573 words
    • 760 14 K.Lumpur Ĕ IF INVESTORS thought the recent market upturn would sustain itself, they were disappointed last week as the Kuala Lumpur stock market slipped back into the doldrums. In the previous week, there was cause for rejoicing in the market for the rival factions in the MCA
      760 words
    • 98 14 Company RIGHTS ISSUE Ganda Hldgs One-for-four 6 $1.00 per shore Ex-date: -May 24 Book dose: Jun 6 Landmarks H One-for-four $1.00 per shore Ex-dote: Jun 4 Book dose: Jun 14 0 U B One-for-five fe $2 50 per shore Ex-<Jate: May 31 Book dose: Jun 8 Van Der
      98 words
    • 106 14 Company RIGHTS ISSUE Dah Yung One-for-one $1.00 per shore (Bonus entitled to rights) G«orge Town Two-f or-one fe, $1 00 per share KiflinghaN Two-tor-five $1.15 per share Peak Hua Three-for-two fe $1.50 per share Sub-division of $1 par into 2 shares of 50 cents each Sateras Res One-for-two
      106 words
  • Page 13 Advertisements
    • 671 13 for the week Week ended Mey 24 compiled by JULIANA TAY AUDITED RESULTS Chem Ind Grand Utd HkJgs H Royal I M Textiles M M C M T P MBF Hdgs Metroplex Pitecon Bhd Group pre-tai profitAom (L) Fooo) $148b($ 1,024b) $7,309(57,985) $19,578b(521,489b) 549,182b(554,323b> $28,343(*36,043) $7,873(58,290) M520.612(525,244) $6,965(526,870) $15,759b(524,746b) $4,520(48,250)
      671 words


  • COMPANY NEWS
    • 755 15  -  By ALAN LEE Companies Editor JACK CHIARAPURK, head of the diversified Jack Chia group, has arranged for the injection of his half share in the highly lucrative Tiger Balm and Kwan Loong business into his Singapore listed vehicle, Jack Chia—
      755 words
    • 529 15 THE Kuala Lumpur-Ke- 1 pong group headed by Ma- I laysian plantation magnate Tan Sri Datuk Lee Loy Seng is continuing to forge i strongly ahead with im- pressive profit growth. For its latest half-year < to March 31, 1985, KLK <
      529 words
    • 181 15 MALAYSIAN-BASED conglomerate Multi-Purpose Holdings Bhd has joined the long list of companies on the road to China. Through its Singapore trading arm Mulpha (Singapore) Ltd, the group is hoping to get a slice of the Chinese market for engineering projects and services.
      181 words
    • 1489 15 Currant payment Ex date Books close Dote payable Total for rite yeor Totol for last yeor A Enterprises Acmo Ambassador Amal Steel Asiatic Dev B Ray a Bata Batu Kawan Botu Lintang Bolton Bousteod C C C 1 Holdings C K Tang Cold Store C Properties Chem Ind
      1,489 words
    • 530 15 m mm™ By HOCK LOCK SIEW THE SERIES of hot-on-the-heels purchases of Cycle and Carriage shares by the rich and powerful Kuwait Investment Office is raising eyebrows among corporate observers. Since the beginning of this year, the London-based investment unit has increased its stake in takeover
      By HOCK LOCK SIEW  -  530 words
    • 475 15 THE KUALA LUMPUR Stock Exchange is looking into changing some of its rules to facilitate the much talked about move to "corporatise" stockbroking firms in Malaysia. Amendments must first be made to Article 6A of the KLSE's Articles of Association which
      475 words
    • 437 15 CONSTRUCTION and Supplies House Bhd (CASH) has teamed up with Pacific Hotels International of Singapore to run its first hotel property in Peninsular Malaysia. They have formed a joint-venture company, Luceri CASH Sdn Bhd, to operate the Ms4o million Royal
      437 words
    • LATEST RESULTS
      • 58 15 Unaudited taxable profits for the half-year to February 1985 amounted to M 52.63 million against the previous half's audited loss of $4.13 million. Turnover, including investment and other income, shot up to $23.86 million from $7.57 million. Net earnings per share came
        58 words
  • Page 15 Advertisements
    • 118 15 UMTED MDUSTRIAL CORPORATION LUTED (Incorporated in the Republic of Smgopore) LOST SHAM CERTIFICATE Application hot been mode to the dwectofs of the abovenomed company to issue duplicate share certificate m ploce of the fotow,ng share certificate which ho* been reported lost or destroyedCortMtcote No. of Sharee No Nomo of <1.00
      118 words
    • 176 15 APPOINTMENT amdahl Our client, Amdahl Corporation, based in Sunnyvale, California, develops, markets and supports large scale computer systems, storage products, communication systems, software products and education services. Expansion in the Southeast Asian market has created the following outstanding opportunities: Field Engineer Senior Field Engineer Singapore Candidates for these positions should
      176 words

  • 855 16  -  Contractual obligation versus economic hardship By DAVID GABRIEL LAST WEEK'S court ruling that shopkeepers at Parkway Parade need not remain open every day appears at first sight to allow tenants to breach a contractual obligation since the lease between landlords and tenants stipulates that
    855 words
  • 147 16 AFP ABOUT 80 Indian finance ministry officials were injured as they launched one of the country's biggest ever tax swoops. Press reports from New Delhi said yesterday that the raid began on Friday against alleged excise duty evasion in the art silk industry
    AFP  -  147 words
  • 336 16 Reuter AFP INDIAN Prime Minister Rajiv Gandhi returned home to India yesterday after what he said was a successful six-day trip to the Soviet Union, his first official tour abroad. Mr Gandhi told reporters at Delhi Airport that he discussed issues
    Reuter; AFP  -  336 words
  • 432 16 WAGE EARNERS are the ones in greatest need of insurance, whether they realise it or not. Making insurance available to workers and union members is thus a valuable service. Brigadier-General Lee Hsien Loong, Minister of State for Defence, and Trade and Industry,
    432 words
  • 135 16 Reuter SLOGAN-CHANTING South Korean students being pushed onto a bus yesterday after ending their four-day occupation of the US Information Service library in Seoul. Although the incident is unlikely to cause any serious ripples in the close WashingtonSeoul relations, it did demonstrate the
    Reuter  -  135 words
  • 231 16 TWO AMERICAN used-clothing exporters gave payments over 13 years to top Salvation Army officers in return for clothes, and cheated companies that handled shipments to 11 foreign countries, a prosecutor in Philadelphia alleged on Friday. Stephen Wehner of the US Attorney's Office said exporters
    231 words
  • LATE FILE
    • 43 16 UPI EXPLOSIONS ripped through two oil tankers yesterday in the harbour of Algeciras near Gibraltar, Spain, engulfing both ships in flames and killing at least 25 people. The cause of the explosions was not immediately known. UPI
      UPI  -  43 words
    • 39 16 UPI KUWAITI borders were closed and foreigners prohibited from leaving the country yesterday as investigators probed an unsuccessful attempt to assassinate the Gulf Emirates ruler, Sheikh Jaber al Ahmad al Jaber al Sabah, on Saturday. UPI
      UPI  -  39 words
    • 47 16 UPI THE FIRST eyewitness to Benigno Aquino's assassination yesterday accused the government of threatening her to recant her testimony. Mrs Rebecca Quijano said she would comply with a Supreme Court order to appear for cross-examination once she had "fortified" her security. UPI
      UPI  -  47 words
    • 48 16 Reuter A BRITISH scientist has developed a vaccine against Aids in cats, and is working on a human version. The Observer yesterday said Prof William Jarrett of Glasgow University has received a U*****,000 grant from the US government to prepare a human version. Reuter
      Reuter  -  48 words
    • 50 16 Reuter MORE THAN 3,500 Japanese left-wingers held a rally and march near Tokyo's international airport at Narita yesterday to protest against plans to build a second runway. Police said about 7,000 riot policemen escorted the marchers along a four kilo-metre-route and there were no incidents. Reuter
      Reuter  -  50 words
    • 55 16 AFP A US-British project to build a small business jet has been abandoned, costing the British tax payers £57 million. The decision was taken on Friday by the Lear Fan board in Los Angeles after the US Federal Aviation Administration refused to give the aircraft a
      AFP  -  55 words
    • 60 16 AFP A US official has questioned the feasibility of quick repatriation of about 230,000 Cambodian refugees in Thailand. US Deputy Assistant Secretary of State for Refugee Affairs Arthur Dewey said the situation was not hopeless but "would require a great deal of patience in
      AFP  -  60 words
  • 155 16 AFP A BUSINESSMAN in Montreal has come up with a plan to outwit parking meter wardens by employing runners to feed meters of cars whose owners belong to the scheme before meter maids can slap a ticket on the windscreen. Drivers who pay US$27 a week
    AFP  -  155 words
  • 220 16 UPI BEIJING authorities have ordered guides, sales people and others involved in the lucrative tourist trade to stop demanding tips and commissions for their services to foreigners, the People's Daily newspaper reported yesterday. In a lengthy, front-page story, the official communist
    UPI  -  220 words
  • 186 16 AFP AN INDONESIAN parliamentary committee yesterday put the finishing touches to a controversial Bill to give the government power to dissolve social organisations considered hostile to the state. Indonesian MPs say that the Bill, which will not now be amended according to that of the
    AFP  -  186 words
  • 334 16 AP A SAUDI PRINCE and a French scientist will dine like a king on a space shuttle flight next month. Sultan Salman Abdel Aziz al-Saud and Mr Patrick Baudry have ordered some continental cuisine to be included on their menu while they are crew members
    AP  -  334 words
  • Page 16 Advertisements
    • 174 16 ■V G .o>, Exdutve ft Luxurious Apartments specially designed for yen... Ideally located at f igl t Meyer Place/Katong Only 15 Units Wgl L 111 comprising of TP- 1 l| I H 3 flats and r 12 maisonettes |9y L Very spacious prnffß p from 2,088 sq.ft. |p| QDWUI i
      174 words
    • 354 16 S Korean students •nd occupation of US building, Paga 5 An international contcrencc Opening Keynote Address by Minister of Agriculture Endk Anwar Ibrahim Vmut: Regent Ballroom Kuala Lumpur Date: June 27th 28th 1985 THI OBJECTIVE: Agriculture is a major sector in the Malaysian Economy Despite our achievements in manufacturing or
      354 words
  • Page 16 Miscellaneous
    • 56 16 m Outlook for today: Portly cloudy with showers over several oreos from late morning. Report for 24 hours prior to 7.30pm on May 26 at the oirport: Maximum temperature 30.1 Associated humidity 69 Minimum temperature 26.0 Associated humidity 90 Hours of sunshine 0.00 RainfoM in millimetres trace Rainfall this month
      56 words

  • SHIPPING TIMES
    • PORTSIDES
      • 120 17 Reuter MEMBER LINES of four Japan/Korea Freight Conferences said they will adjust planned bunker increases planned for June, July and August. The four are the Trans-Pacific Freight Conference of Japan/Korea, the Japan/Korea-Atlantic and Gulf Freight Conference, the Japan/KoreaWest Canada Freight Conference and the Japan/ Korea-East Canada Freight Conference.
        Reuter  -  120 words
      • 71 17 AFP THE EUROPEAN Economic Community (EEC) has finally received permission to use Nigerian ports for shipment of food to famine-stricken Chad, EEC officials said in Lagos. They said verbal permission was given on May 10, hours after an EEC ship that had been waiting outside
        AFP  -  71 words
    • 301 17  -  By G DURAIRAJ A NEWLY-FORMED tug operator, Riau Tugs and Salvage Sdn Bhd, has placed an order for a fire-fighting tug boat at the Malaysia Shipyard Engineering. Riau l\igs and Salvage, which represents an escalation in Jurukapal's engagement in shipping, will operate the 32-metre harbour
      301 words
    • 191 17 THE SINGAPORE National Shippers' Council and the Port of Singapore Authority will be organising a forum, "Towards more competitive pricing of transportation and storage services". The two-day forum, on June 25 and 26, is opened to all who are interested to find out the
      191 words
    • 252 17 AFP THREE MAJOR Japanese commercial banks are faced with a crucial decision on whether to cut off financial asisstance to the troubled Sanko Steamship Company, Jiji Press reported. Jiji Press quoting informed sources in Japan said the Daiwa Bank, the Long-Term Credit Bank of
      AFP  -  252 words
    • 552 18 FRESH SALES AT the London second-hand sale and purchase market was rather slow to emerge last week. Brokers said several sales recently reported were understood to have fallen through. These included the bulkcarrier Fealack which was reported sold for about US$B million; the motor vessel Athas reported sold
      552 words
    • 294 18 UPI FRENCH SURVEY ship equipped with an advanced submarine craft arrived in Japan last Friday to participate in a joint JapaneseFrench exploration of the sea bottom around Japan beginning June 1. The 2,200-ton Nadir, carrying a deep-sea submersible, pulled into Shimizu port, west of
      UPI  -  294 words
    • 156 18 AUSTRALIAN National Line is negotiating with Mitsubishi for replacements of its aging bulk fleet and specifically the four out-dated ship 6 carrying iron ore from Western Australia to Japan. A spokesman confirmed that the line is conducting a feasibility study on the replacement
      156 words
    • 348 18 Lloyd's List A MAJOR INTERNATIONAL joint venture to build a port and back up infrastructure for the oil and gas development in the South China Sea has been agreed. One of the partners, the US company Mutual Oil, disclosed that around US$45O million will
      Lloyd's List  -  348 words
    • 92 18 Reuter TIDEWATER Inc said first quarter operating results appear to be consistent with the fourth quarter, ended March 31, when it had a loss of $36.2 million, of which $27 million were due to write-downs. In the first quarter of fiscal 1985, the company earned $1.2
      Reuter  -  92 words
    • 883 18 A Top Em X 1 AB V 5 Ataa Law VI 3 Ahrankwt Lm X 1 AC Top»t« X 5 APC Law V 4 API 2/3 Amah Orwnt X 3 Arrow Una* X 4 Atkn Laws X 1 AM. 1 1 ASCL 1 4/5 BoH-Conodo L« VI
      883 words
    • 1929 18 TIME-CHARTERING dom- I inated the london freight- i market on Thursday in slow business. 1 In the Far East, the Ko- < rean Shipping Corp booked I the 64,880-dwt Lamyra at < U554,999 a day (or one trans-Pacific round voyage, I basis spot delivery in South Japan and
      1,929 words
    • 203 19 OBHAYASHI-GUMI has offered to construct the Phuket deep-sea port after a Taiwanese firm failed to turn up at a signing agreement with the Thai Harbour Department. Deputy general manager of the Japanese constructing company, Mr Yasuo Higuchi told Business Post that the company has
      203 words
    • 333 19 FT SVENSKA VARV, the state-owned Swedish shipbuilding group plunged back into huge losses last year. It now faces further restructuring, which spell the end of the country's merchant shipbuilding industry. The group dived into the red to show a loss of Skrl.o3 billion (US$ll6 million)
      FT  -  333 words
    • 207 19 AFP THE HEAD OF Indonesia's Secret Service (Bakin) has warned of the dangers in allowing Chinese ships to make port calls with the establishment of direct trade links. General Yoga Sugama told parliament last week that Chinese crewmen should be "watched and
      AFP  -  207 words
    • 342 19 Bernama OVER 2.7 MILLION tonnes of cargo were handled by the seven ports under the Sabah Ports Authority (SPA) in the first quarter of this year. This represents an overall increase of 542,793 tonnes over a total of 2,157,452 tonnes
      Bernama  -  342 words
    • 226 19 May 23 Sea Finland: Finnish seafaring from prehistory to the future, National Maritime Museum, Greenwich. Jim Ml London the world insurance and financial centre, British Insurance Association senior management course. Jaae S-l World Freight, international freight industry conference and exhibition, Brighton, England. Jaae 7 The hybrid emergency management
      226 words
    • 186 19 THE MAJOR shipping consortia operating between the Far East Europe, Far East Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container
      186 words
    • 100 19 Seatrade Week HIGHLY SOPHISTICATED ships able to operate with only 14-man crews will be built this year for Nippon Yusen Kaisha and Daiichi Chuo Kisen under the Japanese government's sponsored shipbuilding scheme. NYK has ordered a 135,000 coal/ore carrier for charter to Nippon Steel Corp, while
      Seatrade Week  -  100 words
    • 2700 24 aaaaaam A guide to ships loading at Singapore lor 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
      2,700 words
    • 753 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Ship Voy Arrival dote/tim« Operator for LCL cargo movement schedule Location B Melor P Madison Regina Ms A Alabama Rat ana Bhum Nioga 22 Chengtu Orient Maru N Obukhova Tambang VI Siri Bhum Pegasus P NZ
      753 words
    • 1605 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A-S A Top Enterprises Ft* Ltd Sam* (S). AB Shipping Bousteod Shpg Agencies Afea Lin* Afncon Shpg Agencies (S) Alfred C Toepfer Oceonus Shipping Agencies (S) Muftport Sdn Bhd (PK) American President Lines APL (S)/Bousteod
      1,605 words
    • 358 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrivol Departure KEPPEL WHARVES Akademik T Sanko Scorpio Str Venture Tomoe 5 Borber Nora Equator 5 Lin Petaling Ned Morula Reefer Badger Pocific Star K9 K27 K25E K29 K9/I0 K22 K20 K12 K20 K2SE K29 K20 Sinsov Sharp SSPL Tomoe Borber
      358 words
  • Page 17 Advertisements
    • 223 17 a jLA St s i I PubJnhmd by TIMES BOOKS INTERNATIONAL Times Centre 1 New Industrial Road Spore 1953 T*: *****44 A mrnOW 0< timw ofgorwjoliori 556.50 A MAJOR INTERNATIONAL joint venture to build o port and back up infrastructure in the South Chino Sea has been agreed. Pag« II
      223 words
    • 227 17 aUASC UNITED ARAB SHIPPING CO (SAG) SFALORD SHIPPING AGENCIES roShtnlonWty 04 02C Manna Houm Singapore 070, 1 Tel *****94 Mn N<> BS?S4i CFS office TPC 03 30 Tel *****31 and *****32 Terminal office TPC 03 29 Tel No *****90 *****93 NATIONAL UNE OF BAHRAH, RAQ, KUWAIT, QATAR, SAUDI ARABA AND
      227 words
    • 575 17 < MAERSK LINE ?p°r. EXPORT TO USA. EUROPE. MIDDLE EAST. WEST AFRICA A ASIA T C, ;t.,r- US c. US A-„I I LGB OAK T rNV; AVsf Canod,. USI: n. HI A- HV sprxn SH'TTL! aSaipiport CtaMi Tats CY 24 May 1900 MRS CFS 24 May 0700 HAS T y
      575 words

  • Page 18 Advertisements
    • 295 18 USA/CANADA h WMt PacMc Norm Ww gkyo rmhr at Koto U/IS OM IMar Ml »T W a/i in mum n a/i i »/7 %p im in 1 U/7 11/7 MMM U/7 M a/7 n/7 MM a/7 V tg LCL Cargo for USA Potts only YAMA3HITA-SHINNIHON LINE CONTAINER SERVICES forth Wool
      295 words
    • 78 18 tot am** to Ma <**). t Fr-to* OMtol ttofcto to *f I TO: CARIBBEAN CENTRAL AMERICA Man BAltßtn niLncLinocn hkhwm r Singapore Ttiephom *****51/*****31 I CrwMd [Willi m) S4r BM. R Lwww *****5/*****0 PT DJAKARTA LLOT). MAARTA *****3/JWi* LMHT f KEUM6 31(701 HSC Stopm Aftaow Mn BM *****/7 BIS OWNERS
      78 words

  • Page 19 Advertisements
    • 671 19 The Straits Steamship Group Mansfield Container Shipping PteLtd QCJL Overseas Containers Limited i STRAITS SHIPPING Singapore to Sabeh, Sarawak, Bmnei Ports and Bangkok I CONIAINERSHIP SERVICE 10 UK CONTINENT Sl* Nto| 17/1 11/4 2M 21/1 •2/7 M/ 7 nn m/ 7 11/7 nn 2V7 77/7 M/ 7 11/7 M/ 7
      671 words
    • 724 19 Franco Bclyian Scrv/ces r*r ht *Jf A 3 S3 TZ (Ml MRtH Of AC I CONSOH T lUM I a-'JJlJiillill'lilCE ffIJIMLi Hm rta rShn HM IkM M Iky (27 My)l7 Iw Ilia 24 Iw 22 km 23 Mi Bkm BMP MM Q IB) 24 IB 8M 27 M Ska Hkm
      724 words

  • Page 20 Advertisements
    • 303 20 1 Hapag-Lloyd EXPORTS TO CONTINENT/UK On cantoft to Scandbuvu, Mad, Carribcan &S. Anwrica to hdand destinations n Europe TO EUROPE MED S*part PKatanf N—l|larin»44fca« Genoa «M| Mam Bharan Anta«p 1/4 12/ C 14/ C 5/7 14/7 13/7 i Connect** Haoshnim t Connect** hi Tokyo tar ATUWTIC I GU.F PORTS I
      303 words
    • 88 20 IK. S. LINE FULLY CONTAINERISED SE RVI C E 10 [DROP! Vl* SH/ "1 ol th* Ace Comoftum fROW (UROPf VIA SIM/ J A Memofr o' the Acf Consortium fUlir CONTAINIRIStO 10 fROM NORTH »MfRICA WSI i-UAbl nSC^HDBSI IB!BKZg| CONVENTIONAL SERVICE To/From BUSAN MCHON BUSAN 18/6 CONVENTIONAL SERVICE TO IRAN
      88 words
    • 458 20 L\«t> AGENCIES PTE. LTD. #09-07. ROB IN A HOUSE. S PORE 0106 TEL: *****88. TELEX: RS ***** BOOKING: *****56 (DIRECT LINEI SINGAPORE TO PENANG SINGAPORE TO SARAWAK SINGAPORE TO SABAH SIN CHIAO SHIPPING AGENCY PTE LTD Ba* of Ota M*|. #18-BB smgapore tel 9i»ii man. RsmTcmmr COLORBO/lARACH/A.6-/R£D SEA STOBE PJUAN6
      458 words
    • 508 20 o EVERGREEN full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EUFO/FE) Round-The-World West Bound Service (FE/EURO/USEC'CARIB/FE) US WEST COAST SERVICE fcbb a sgp motto n uu sfc sn mmni i/i not lnvk 4/7 in M-MOOQT VI no LIMB 4/7 1/7 ■MOOT V< MKT 3/1 no euro il/i no lnqnc u/7 is/7
      508 words
    • 242 20 tUSINOSE MARITIME PTE LTD flJl ISLAMIC REPUBLIC OF IRAN SHIPPING LINES KYOWA LINE TO PAPUA HEW GUINEA/ SOUTH PACIFIC 24/1 P. NnMy. Lm. M OCEJHM QUEEN 7/7 ipton** I*. f.l Sm, fipwfti. P« ~n iiiii- 1 m m *a PMMim OfM VBs PMUtfm EMMT ttS SUN UNION LINE TAIYO MARINE
      242 words

  • Page 21 Advertisements
    • 761 21 i ifi r V\v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel *****33 VESSEL HOT A AOUNO KOTA WMAMA KOTA WIS AT A EAST AFRICA/REDSEA SERVICES VOYAGE HONGKONG SINGAPORE LOADING FO«: E-M7 31-1/t S-10/« HOOEK>AH,AOASA in r n E-9M M/l 14-U/t TAMATAVE, D'SALAAM, *®OMBASA, MOGADISCIO E-«71
      761 words
    • 632 21 BEN LINE CONTAINERS TO UK/CONTfOT MM WAVEM KMM STORE PUIMK 21/5 JM/5 4/( 11/ l 11/4 21/6 22/1 mi un z»u mii «/7 1/1 VI VI VI 11/ l 12/1 U/l 11/1 11/ l 21/1 21/1 11/7 IV7 lata Eipmi HM*»f tip. Oukt by EXPRESS CONTAMER SERVICE FROM UK/CONTMNT HUM
      632 words
    • 462 21 DJAKARTA LLOYD INDONESIAN NATIONAL I INF ICHiGaiQI!; ■BM fORQNAIM KMH9UNG MI STOK sow* m« n/s 24/s 21/ si/c 3/4 i/c IMJAPMT V2l/M 4/4 U/( IS/S 17/1 23/4 fc*■ <tiT'.m ,7J:TV/.lft jfl, LfrLii -mmm v-ina 1J MONTMC' I SO ALSO ACQFTMG HIM rain. HUll. LDttWE. M/l 14-14/1 14-22/4 21/ a ALSO
      462 words
    • 419 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Lint) Loadmg for Rangoon Pa-an VMM 2/5 1 Htontma *202 4/6 I Pjjan VtSW 11/13 Ptatotfyawywa V255N 13/15 Pa-an VtSW 24/21 BANK LINE SPORE R'DAM HULL HMBG TAUSALA SAMOA 31 Moy 26 Jun 3 Jul 31 Jun FORTHBANK 15 Jun 11 Jul
      419 words

  • Page 22 Advertisements
    • 747 22 USA CANADA K LINE KAWASAKI KISEN KAISHA, LTD. PACIFIC COAST (htMN DESTINATIONS INLAND vU IPIMICROBRIDGE MINILAND BRIDGE) fhio/ moho *essel store pklg penang store t/s tout la/lb Seattle Oakland van bc portlai® HK CONTAffO ¥44C GOUJEN GATE BRIDGE *34 28 May (BU) 17 Jun 1 Jul 4 Jul HAKONE MARU
      747 words
    • 465 22 '/It CMJFORNU/PACFIC NORTH WEST SERVICE EXPRESS CONTMNER/REEFER/BULK SERVICE loadm hr LOS ANGELES. SAN FRANCISCO. SEATTLE. TACONA. VANCOUVER IC fa/ra Cmum** mm Mir 23 Am asr 1 AUSTRALIA EXPRESS CONTAINER SERVICE AccM*l fa/fa Cont—n 70 Am 11 Am 17 km AM 10 2My IMy AM 24 My li My 22 My
      465 words
    • 159 22 SANKD ASIA FROM JAPANESE PORTS AND HONGKONG GOLDEN LINE GUAN GUAM SWUNG (PTC) LTD Im< lax hwtKW Ba* M*L M Cad Stoat auras oio* ia mtr* (J uks) r K«tv« 3579C1 pm> xmu t» G«dan| tfrnt QHENT UOTD SON. M>. TO; U379 STRAITS/PERSIAN GULF SERVICE: Sport PHttonj Ptnanf COUO WO
      159 words
    • 346 22 INTRASEA (PTE) LTD. 10 Anson Road c 27 1b Interna'iar.i P <■' < Singapore 0207 Tel *****11 ill' L nt-si BREAKBULK SERVICE TO EUROPE/UK P.T PERUSAHAAN PELAYARAN KALIMANTAN i DKCT MEEKLY SERVICE TO JAKARTA M 1 VfSM nwga nan v«y s/ts NAGA XXI Vty 13/15 NMGA xxxn Voy 10/15 NAGA
      346 words

  • Page 23 Advertisements
    • 315 23 NEPTUNE NOL ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE/UK (VIA SUEZ): CPNIL44H+ TW BRKE 25N........ C CONTMB 3M.._ K CNMKE 22VI>mmmm HK COffTWPO 45W 0 CNKF44W fptmi carfo te/from Scandinavia C PAUL S'port Ctainf Timts: FCL Carjo 2300 28/5 LCL Carjo 1100 28/5 MOPE (VIA SUEZ) Item
      315 words
    • 201 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI CONTAINFRISFD DIRECT SERVICF TO P KEIANG PENANG BUSAN INCHON SI N* a I N <»« \t i i M'N V 7 HJIIY CONTAINERISED SERVICE T O COIOMBO ARABIAN GUI F RtDSEA f INDIA LJ i AH f. i > r-rr i H> St S
      201 words
    • 242 23 m sinsov SINGAPORE SOVIET SHPPMG CO PRIVATE LTD SMSOV BULDMC 55. Mart** Strwt Stnfapra 0104 T* Cabfc Addrm SMSOV SMMPORE Tata IMm RS 21 f ROMS M/J SHMHKAT MM 900H Ml NM. IST AND WD FLOOR. NO 1. MIAN CIMPtNMG POUT KUWG. MALAYSIA Tc« *****6/1 Teta No ***** m Mmton
      242 words
    • 11 23 SWEE JOu V 45> Ml* kfX a/s w» JAMBATAN MERAH SDN.
      11 words

  • Page 24 Advertisements
    • 416 24 7* 9?c«|i»iial lloiilainiT Lilies J T 'l"VulTi 4 Sa,l,ngs week,y 0311 as Reliable Regular -I* •Punctual Berthing P S A Tue. Thur, Sat Sun REGULAR/FEED® SERVICE TO PHJKET/SONGKLA rw skla HINODE KISEN CO. LTD MIDDLE EAST REGULAR LINER t I I K I in I \KKIKK Y ANOSMIA MAM KASHI
      416 words
    • 113 24 LUCKY SEAWAY SERVICES 89 Short Street, 10 07/08 Golden Wo" Auto Ontrc, S pore. 07 18 Tel *****55 TU ***** S PORE TO COLOMBO/MADRAS ETA Colombo Madras TBN Srfrt 30 May Ml* IBM 2 15 Imr 25 km 5 M S PORE TO EAST ft WEST MALAYSIA Vessel ETA PK
      113 words
    • 8 24 SEA SNEIi UK MARINE ML mDMC PRIVATE LMTED
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  • Page 24 Miscellaneous
    • 175 24 e-1 Regional Weather K v,X WS :W>:- i*: 111 ,1111, i S. Mm yy-:. 6 Wa I »w99C^/ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MOMNNO. ••c A cT wi Wind direction with speed knots Wave height One hoM Heche represents 5 knots LEGEND: P Temperature «p 2
      175 words

  • Page 25 Advertisements
    • 123 25 COLUMBUS UNf RHDFRLI GMBH iPR! MM ..N'AiWR \f kk f Hll! i ROMf ROAM HAMH'Iflt .fJll! 'N HIPPIN t/t w$ M ivi a/i o/i N/i GENERAL AGENTS CONTMENTM. FEEDERS PIE. LTD.. CONCORD LINES 77?TT7li\3 jiYi'.'Bl i 3 ii»l ■L IB tm .iSWJftfQLi 4/tf 15/5 S/5 WPT 4/K V< >/l CMTTMOM
      123 words
    • 112 25 OCEAN BMOGE SHPPIN6 PTY LTD, ifWIL CKHIHTI E FMNUNTLE KGUUW SAUK TO FREMMTtf W len COAST h Nrt cm 2»/S 1 Imkov Shipping Co Pt« Ltd. mi c«i ft. tnMJm ui a* UN T* 2ZXZ72 4 J®) UNIBAC (S) PTE LTD 11/5 21/5 J.V XV ■M. 322: BULK 9 ABLE
      112 words
    • 264 25 LIZENA PTE LTD 10 EOT ULMMM (WMEM FUfi) "Mrr i *I.i k ',fr»~>4-*J m r ¥T ■-'.''-..i1l irrr i.*t* 'i UN UN SHIPPING PTE LTD. P im Tat ismi4 WEEKLY SERVICE SINGAPORE TO KUCHING Slßl LICORNfi Mi' n'.i 1 i rrr? I.i "tt cjucvrrt rr, >fi mi ULI NedtoydEAC omo*
      264 words

  • Page 26 Advertisements
    • 313 26 t CROSSWA TEH 1 FCL t LCI <r'w. SYD/MEL/BMS/NXL USA/CAMM H*TS m Zealand ram EMOTE/IK POUR I 311 .fJ 'I LLLi Batter. r 31/5 V% 17/8 2/1 17/S 2t/( 34/5 11/ l 25/1 4/4 11/1 lt/l 21/5 2/* U/l 5/1 16/1 23/ C 31/5 6/6 13/ C 4/1 U/< 11/4
      313 words
    • 302 26 Hi W EAST ASIA LIN (Mokiysian Flog) f jlllf Uner IwtCM Bihinn IMIA/ITORE/IBtt f. Ketang Penang S'pore Ldg for DIDIH 2/5 31/5 CWttifwi MEM rati MM 27/5 25/5 REGULAR MPAN/STRAITS/MPAN SERVICES LMOOR 15/1 11/5 M/« 522JS 7 EAST ASM SMPPM6 SON. M. PI. TM *****2/* MFBC Hi. TM 5351!1/*****1 cava
      302 words
    • 570 26 C.Y. LINE (A Mtmbtr Of Tho ACE Consortium) CHO YAN6 SHIPPING CO. LTD FUU.T contmciko soviet to Eimn <»m ao OCVALB mi 44N iurmoum ism am emma m KOREAN QMNCf 729 LMm Uaa Fiteet H*ari Br»» Antvarp lift 11/ l 2*/4 22/4 23/1 29/4 24/4 29/4 27/1 21/4 3*/4 2/7
      570 words
    • 609 26 5 COMPAICA PERUANA DE VAPOREES (CP.V.) r A "PERUVIAN STATE LINE" S K l-f-t tor CakK MaUram «o ate a* otter Pttiman ports wtti transitpnwnt at kote K OnCPV Thro** Ms ot la** to teal destination 4 R f«un(* R*i»C Sinfiportt (j MMONCWKTT 30/31 May fg 4 Huannrn 2/4 hn
      609 words
    • 298 26 ZIM 11.7 ft NIB 111 7ft 12.7 ft In 7ft 227 ft I lift ZIM EUAT CONTAINER LINE S>an EM IMi hp* Vaaca P> OH 4 M li ka 21 M nia Xl* 2 M Fa T# Evapaaa mi Mi i n tab. Mm LCL/Fa to 4 Mart M 1
      298 words