The Business Times, 28 May 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 TUESDAY, MAY 28, IJBS 60 CENTS
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  • 580 1  -  Study says US future tied 'inextricably' to Pacific Rim By LEE HAN SHIH A HIGH-LEVEL study commissioned by US President Ronald Reagan has identified Singapore as part of its most important "competitive arena" where America must prevail to maintain the growth of
    Source: The  -  580 words
  • 452 1  -  By ANNA TEO TWELVE EXECUTIVES are now helping the Community Chest of Singapore with the newly-launched Share Executive Programme. Yesterday was the executives' first meeting since their two-and-a-half day training in early May. The executives, mo6t of them managers from different organisations, yesterday provided feedback
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  • 172 1 THE FORMER vice-president of the United Way International based in Seattle, Washington, has commended the Community Chest of Singapore for "very outstanding work achieved in only two years". Mr Charles J Devine is a consultant from the worldwide charity organisation. During his six-week attachment to
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  • 259 1 Bernama THE MCA ad hoc committee yesterday appointed an accounting firm, Peat Marwick, to assist it in the "cleaning up" of the MCA membership list. Committee chairman, Mr Abdul Ghafar Baba, said yesterday the company would act as an independent
    Bernama  -  259 words
  • Article, Illustration
    91 1 VOLUME plaaged to aaly 4.1 mllltoi shares yesterday, the fewest level la a meat* as pabUc hattdays in majsr financial centres drastically cat hack foreiga participate la the stack market wMch clesed lewer for the fifth c—secatfve trading sessfoa. Yesterday's slide la stack prices hraaght the BT averbesght/sverseld
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  • 483 1  -  By LOH HUI YIN A MULTI-MHUON-dollar floating shiprepair dock the largest in Singapore could be towed to China as part of the proposed Keppel-Sembawang groups' Joint investment there. The 150,000-deadweight-tonne (dwt) President floating dock might be deployed at either Qingdao or
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  • 482 1  -  By JUNE LIM MORE SHIPS will be attracted to Singapore with the introduction of new port tariffs this Saturday, says the Port of Singapore Authority. This confidence stems from the healthy growth in the volume of container cargo handled at the
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  • Page 1 Advertisements
    • 43 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Nikon (Nikon) F3P v Nikon F3T Nikon FIHP Nikon F3 Nikon FA Nikon FE2 Nikon FM? Nikon FG Nikon FG2O Nikon EM Nikon LI3SAF Nikon L3SAF Nikon L3SAD Nikon Nihonas V The world s finest photographic system
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    • 229 1 SHARE INFORMATION DOONESBURY MONEY EXCHANGES CROSSWORDS SPORTS RAW MATERIALS IDLE MACHINERY hos accumulated to such an extant that leading auctioneer Victor and Morris is to sell off items at regular monthly auctions. The second "monthly" auction will be held just two weeks after the first. Page 2 OUR VIEW NEW
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    • 28 1 :'/=[[],?@|+/++}:"!!^^,:|,>}]/> "1 thought KLM only flew to Holland. It does, Kir from 12l eitiesworldwide! tf. ■s V r W HkJ* The Reliable Airline KLIVI Royal Dutch Airlines TTA.KLM M^€Bs
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    • 71 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Singapore banking WHAT DOES the revolution now sweeping through the world's banking 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 and Finance featuring exclusive
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  • HOME NEWS
    • 569 2  -  Victor and Morris steps up auctions By RICHARD SEAH IDLE MACHINERY has accumulated to such an extent that leading auctioneer Victor and Morris is to sell off items at regular monthly auctions. The stock has already built up to a stage where the second "monthly"
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    • 162 2 A WIDE RANGE of confiscated, unserviceable and redundant stores will be auctioned on June 7 by the chief supplies officer. A 63-page list prepared by auctioneers Victor Morris includes typewriters, cameras, empty drums, calculators, liquor, waste amalgam, motorboats, and musical instruments as some of the stores
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    • 256 2 A FOURTH hostel will rise on the hilly terrain behind the new University Hospital at Kent Ridge. Piling work on the yet unnamed hostel for students of the National University of Singapore began last week. The new hostel, located at Kent Ridge
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    • 117 2 A TWO-DAY conference next month on the protection of copyright, patent and trademarks will be opened by Mr H R Hochstadt, chairman of the committee on revision of copyright law. The conference, at the Dynasty Hotel on July 10 and 11, will be attended by a panel
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    • 90 2 TELEFAX subscribers will be able to send messages addressed to non-Telefax subscribers and meant for personal collection at any of Telecoms's centres or post offices from June 1. However, Telefax subscribers wishing to address messages to non-Telefax subscribers for delivery by messenger or via the
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    • 69 2 THE TELECOMS Centre at the Departure Hall of Changi Airport will be temporarily closed for renovation for a period of eight weeks from June L During this period, the public can call at the Telecoms Centre at the basement of the Passenger Terminal Building for postal and telecommunication
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    • 56 2 THE OFFICIAL Historian of Australia, Dr Peter Edwards, arrives this evening for a three-day visit. During his stay, he will hold discussions with Associate Professor Lau Teik Soon, Vice-Dean of the National Univeristy of Singapore Arts and Social Science Faculty, and meet the heads of the
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    • 398 2  -  By YAP BOH HOON PRANCING lion dancers celebrated the auspicious first tunnel breakthrough for the Mass Rapid Transit Corporation yesterday, when key dignitaries smashed open a barrel of sake to add to the good cheer. Site workers got the day off. "This breakthrough is literally and
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    • 272 2  -  By SWARAN KAPUR SINGAPORE may soon have to start paying for the assistance it receives under the United Nations Development Programme (UNDP). This was disclosed yesterday by the UNDP regional representative, Mr Kim Yoon-Yul, who was in Singapore to address a
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    • 481 3  -  By BHAHRIR ARIFF SINGAPORE'S tourist industry will receive a boost from the Lions Club this November. It will host the 24th Orient and South East Asian Lions (OSEAL) forum for more than 5,000 participants, the largest single conference to be held here. The
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    • 337 3 THE PUBLIC WORKS Department are at the beck and call of government departments, even for simple chores such as changing light bulbs and cleaning fans. But not for long. From April 1 next year, government departments will have to do all minor maintenance work
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    • Article, Illustration
      400 3 A CHEMICAL that can make timber totally noncombustible has been developed by an Australian company, Pinex Pty Ltd. Fire-X generates moisture and produces a gas wbicb smothers the fire. It is non-toxic and its vacuum pressure impregnation ensures complete fire retardation (or new buildings. The chemical will be
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    • 354 3  -  By CHUANG PECK MING ABOUT $2.4 million worth of equipment has been repossessed by creditors of Quad Union Investments, which recently closed its Photokis Express chain of 18 outlets. This was the estimate of Mr Andre Reussner, managing director of Kis Industries a subsidiary of Kis
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  • Page 2 Advertisements
    • 239 2 apex systems Can computer experts also understand the complex insurance business? This special combination of skills is almost impossible to find! Proof that we have it our four comprehensive software packages for the Insurance Industry, fully developed in Singapore and successfully installed at many sites in this region. The combination
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    • 119 2 o» i. S V. n i/. The best place for BakKut Teh in town? You tell us. After you've tried our special traditional breakfast bak kut teh, we know what your answer will be. Served from 7am to 11 am daily, in the sumptuous ambience of River Palace, you'll find
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  • Page 3 Advertisements
    • 358 3 At sixes and sevens about using personal computers? We've got the solutions.... Olivetti Personal Computer Solutions Exhibition- Seminar Shangri-La Hotel (Hibiscus Orchid Room) Junesth~7th 10j00am~7.00pm Y f: me. If yours is a small business that is ready to take that all-important step towards computerization; or a big business looking towards
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  • BANKING AND FINANCE
    • 1109 4  -  By DAVID GABRIEL THE WEEK was not kind to our speculator Sang Kancil. The market was the worst type for traders trendless and thin. And to make matters worst, he kept misreading it. So at the end of the second week of trading,
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    • 195 4 Reuter CHINA has announced the first break in its state banking monopoly by allowing the economically advanced provinces of Guangdong and Fujian to open the first provincial banks. The Canton Daily, reporting a state council decision, said the Chinese banks would be
      Reuter  -  195 words
    • 86 4 Reuter JAPANESE purchases of foreign bonds through securities houses in Japan rose to a record US$lO.B5 billion last month from 16.12 billion in March. The Securities Dealers Association of Japan said the buying surge, which compared with the previous record of 17.69 billion in February, was
      Reuter  -  86 words
    • 683 4 SINGAPORE The US dollar closed slightly firmer against most currencies yesterday in very quiet trading in the absence of fresh factors and holiday closures of US and some European markets. The dollar ended at 251.25/40 yen compared with last Friday's 250.90/251.00 close in New York. It was marginally
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    • 314 4 EURODOLLAR futures opened higher yesterday and traded in a narrow range with low volume due to the closure of CME and Liffe. September contract closed 11 ticks higher at 91.34. The Eurodollar futures market continue to look firm at the close. D-mark futures opened lower because of the stronger
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    • 167 4 AP POLICYMAKERS at the Federal Reserve Board, who have acted to push interest rates lower out of concern over widespread economic weakness, were focusing on other problems as recently as late March, according to minutes of a meeting just released. The apparent switch in emphasis
      AP  -  167 words
    • Article, Illustration
      207 4 Asian market ASIAN dollar deposit rates closed little changed yesterday compared with opening levels in thin trading. anCMES Km anrac* af pnwt t«ndm| rata* af 12 aujar banki aparata* ai Stappara. us$ 7 day 1 month 2 month* 3 month* 6 month* 9 month* 12 month* OH«» 7 13/16 7
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    • 211 4 Interbank rates at 3pm yesterday: Locol dollars to on* unit of foreign quoted y elerdey a r«M partly US dollar 2.2260 ***** 2.8196 -21.05 Sterling pound 2 7936 2 7971 ***** -61.98 Australian dolor 1 4769 1 4809 ***** -56 92 NZ doftar ***** 1 0054 ***** -70
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    • 185 4 HONGKONG: The metal ended unchanged yesterday from its Saturday closing levels in dull and quiet trading here. Bullion closed at U*****.10/60 an ounce unchanged from its previous finish here but compared with the $314.30/80 close in New York on Friday. On the local market, gold ended unchanged at HKJ2.925
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    • 94 4 THE OVERNIGHT rate on the Singapore interbank money market fell by point from last Friday to close at 5Vi per cent yesterday. The one and threemonth term rates fell 1/16point each while the twomonth rate fell by Vt point. S$ Interbank rates at 3pm yesterday: OHmt Bid r»ght
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  • Page 4 Advertisements
    • 262 4 Technology and the m Mure Bank Hong Kong; September 24-25, 1985 The theme: FINANCIAL TECHNOLOGY APPLICATIONS: ASIAN OPTIONS UP TO A.D. 2000. Consulton's fourth regional Congress on electronic banking services will be held in Hong Kong this September. The meeting will examine the sweeping technological changes within the financial industry
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    • 129 4 The only thing that adds weight on this card is your name fa CANON MY CARD CALCULATORS The little things that count The Canon My Card calculator is really an electronic marvel. Weighing just 23g and only slightly thicker than a credit card, it fits snugly into any wallet. You
      129 words

  • OCERSEAS
    • 328 5 Reuter THE COLLAPSE of an American project to make a revolutionary fuel-efficient plane in Northern Ireland has dealt a heavy blow to one of Europe's worst unemployment blackspots. The announcement of the Lear Fan's demise is seen as a new industrial setback
      Reuter  -  328 words
    • 156 5 NYT ORDERS for US-made machine tools plunged by 34.3 per cent in April from the month before and by 27.5 per cent from April 1964, the industry's trade association said in a report. Analysts blamed the dip on increased foreign competition and the strength
      NYT  -  156 words
    • 233 5 AP ANGOLAN Foreign Minister Alfonso Van Dunenhas has rejected a South African call for quick negotiations over the return of a South African commando unit captured at an oil complex in Angola. "The false and deceitful position of South Africa towards
      AP  -  233 words
    • 762 5 ARRIVALS porotor Strvica Locol tWM From IAS IAS IAS \AS VAS BA A PA (A IA A HAI A VAS A ilA AAS MH601 MH681 MH603 MH671 MH811 QI42I SQ103 CX710 GA960 SQ19? MH682 SQI GA940 MH605 0720 0620 0905 0935 0940 1000 1005 1030 1100 1120
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    • 151 5 AP TURKEY'S National Security Council has recommended that the government lift martial law in six provinces, including Ankara, the nation's capital, the semi-official Anatolia news agency reported. Following a four-hour meeting on Sunday, the powerful advisory body of Cabinet members and
      AP  -  151 words
    • 592 5 AP THE SOVIET UNION, looking ahead to resumption of arms talks in Geneva this week, warned that there will not be any reduction of Soviet missiles while the US continues research on space weapons. In an editorial distributed in advance by Tass on
      AP  -  592 words
    • 446 6 Reuter CHINA and Britain yesterday exchanged documents ratifying their agreement on the future of Hongkong, officially launching the colony on its 12-year transition to Chinese rule. The accord, guaranteeing Hongkong's present free market system and freedoms for 50 years after Britain hands
      Reuter  -  446 words
    • 172 6 AP CHINA'S paramount task is to expand the economy and raise living standards while avoiding the leftist mistakes of the past. Chinese Communist Party general secretary Hu Yaobang said during a meeting with a delegation from Guinea-Bissau on Sunday that once a country
      AP  -  172 words
    • 119 6 Reuter IRAN HAS denied that it was involved in a car-bomb assassination attempt on the ruler of Kuwait last Saturday and said Iraqi charges of complicity were a pretext for Baghdad to resume attacks on Iranian civilian centres. Iraq launched air and missile
      Reuter  -  119 words
    • 335 6 Reuter A HIGH-LEVEL delegation from the Arab League were scheduled to meet Soviet Foreign Minister Andrei Gromyko yesterday to try to enlist Soviet backing for a negotiated end to the Iran-Iraq war. The team, which includes the foreign ministers of
      Reuter  -  335 words
    • 149 6 AP SRI LANKAN President Junius Jayewardene has published regulations to set up a national auxiliary force to augment the country's military and police, the Defence Ministry said. The new force is being set up "for the purpose of assisting" the army, navy, air force and
      AP  -  149 words
    • 115 6 UPI KHMER ROUGE guerillas In Cambodia butchered between 150 and 200 civilian passengers on a train, showing that the one-time rulers of the war-wracked country are still "savage killers", the Sunday Times of London reported. The Times said "the guerilla war in Kampuchea is intensifying and
      UPI  -  115 words
    • 227 6 Reuter THE FIRST North Korean delegation to visit Seoul in 12 years arrived in South Korea yesterday for talks on reuniting millions of family members separated by the Korean War. The Red Cross group 14 delegates and advisers, 50 journalists and 20 attendants walked
      Reuter  -  227 words
    • 326 6 AP SCORES OF CASUALTIES were trapped in besieged refugee camps in Beirut on Sunday by the fierce fighting between Shiite Muslim militia and Palestinian guerillas that thwarted a Red Cross rescue effort. "We could not enter the camps because the ceasefire never happened,"
      AP  -  326 words
    • 125 6 Reuter THE GOVERNMENT of Papua New Guinea has agreed to introduce television in spite of some opposition within its own ranks. Senior officials of Prime Minister Michael Somare's Pengu Parti Joined the opposition in a vote earlier this year to
      Reuter  -  125 words
    • WORLD IN BRIEF
      • 51 6 HONGKONG'S trade deficit narrowed sharply to HK$639 million in April from $2.41 billion in March and $1.99 billion in April last year. Census and statistics department figures show that total exports in April were $19.16 billion compared with $17.51 billion in March and $16.54 billion in April last
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      • 53 6 A TOTAL of 127 strikes involving 30,975 workers hit Philippine companies in the first quarter of this year, a 51-per cent increase over the same period in 1964. The Philippine News Agency said yesterday that most of the strikes were called by unions to protest against cur- rent
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      • 47 6 MALAYSIAN Foreign Minister Ahmad Rithauddeen left Tokyo yesterday for Kuala Lumpur after a five-day visit. During a meeting with his Japanese counterpart Shintaro Abe, Mr Rithauddeen was assured that Japan would consider a request for a reduction in the tariff imposed on Malaysian palm oil.
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      • 63 6 ABOUT 675 million women are at work in the world, or 100 million more than in 1975. The International Labour Office said yesterday that the 10 million women Joining the workforce yearly represented 34.6 per cent of labour But equality of opportunity is making only slow and irregular
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      • 75 6 Agencies THE French village of Saint-Symphorien-de-Lay has laid a claim to the record books by cooking the world's biggest omelette, a 42,470-egg monster that was whisked in cement mixers and fried in a twotonne pan. Thirty people laboured four hours to break the eggs, which were turned in
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  • Page 5 Advertisements
    • 5 5 Pan Ant's New Clipper Class
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    • 447 5 Canon Canon The Zoom-Buster c^S Now all other Zoom Copiers are a step behind Canon Program Zoom Canon busts' through with zoom programming so simple you can take manual calculation right out of copying. Just push the button. MB Now you don't have to figure out your own ratios. Zoom
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  • Page 6 Advertisements
    • 109 6 J* Australian products. Now you've more buying power than ever, There's never been o better time to buy Australian. The favourable exchange rate has made Australian products and services even more affordable. On the business front, Australian innports have become more competitive and therefore more lucrative. In fact, prices are
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    • 4 6 Hongkong Jitters, Pago 7
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    • 270 6 m LMkt For the most beautiful homes herein Singapore. Beautiful Homes of Australia is o showcase of oil the very best in quality furniture and furnishings produced in Australia. The demand for these has been so great, by both private apartment owners and HDD residents that it was decided to
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  • Page 6 Miscellaneous
    • 56 6 DOONESBURY excuse me 7 ts mis THE CAMPUS COAUTtON ciioc FORAF&esom AFRICA* 6MO *rw mi0 n 7 X! m •i 8 TO m. scar stoM i man OLPMOfiMENTMAN. THDU6HTVOUMKW BE A3UIO USE AN we*jEXCEILENT JIMMY 1 LOS Me IN ON volunteer SCHEDULING vs. t i m RAtusrsMoe MWJDEMANPS ontheuire'ue HAVE
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  • WORLD BACKGROUND
    • 729 7 AFP THE JITTERS were still bugging Hongkong as Britain and China ratified their accord on its future yesterday. Political analysts in Hongkong said the ceremony in Beijing officially launched a new political era for the tiny territory studded with all the goods
      AFP  -  729 words
    • 832 7 NYT WITH THE passage last week by the House of Representatives of a budget resolution, the struggle over budget cutting, the most important issue facing the national and international economy, is coming to a head. In the weeks ahead, an effort will
      NYT  -  832 words
    • 857 7 Japanese companies ready to flood world with smart cards Bernama JAPANESE COMPANIES are gearing up for an intense marketing war over smart cards with built-in microchips that can store and compute data. The high-tech cards are expected to replace existing magnetic-strip credit and debit cards in
      Bernama  -  857 words
  • Page 7 Advertisements
    • 190 7 N O v\ 1 J f Iq TM tf m yours. So not only will we custom design a shipping program around your specific needs, we'll take personal responsibility for each shipment you make with us from pickup through delivery. The next time you have a "Just In Time" shipment,
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  • FEATURES
    • 484 8 IF SINGAPORE were to lose its benefits under New Zealand's generalised scheme of preferences, the amount of trade lost would be relatively small. But the consequences of not fighting the move would be not be insignificant. Campaigning against the "principle" of it all might sound
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    • 1532 8  -  The local garment industry makes a bid for the US market with its Apparel show By ZHOU MEI SINGAPORE'S billion-dollar garment industry will make another bold move in its fight to maintain a place in the world market. In October, the industry's annual Singapore Apparel show, spearheading
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    • 553 8 Reuter CARLO De Benedetti, the man who transformed Olivetti into Europe's leading office automation group, is moving boldly to live up to his reputation as the rising star of Italian capitalism. Finance analysts believe De Benedetti wants to build a business empire to rival that
      Reuter  -  553 words
  • Page 8 Advertisements
    • 122 8 1984 Another year of significant growth for Banco cfi Sicilia HIGHLIGHTS FROM BANCO DI SICILIA ANNUAL REPORT 1984 (in billion Lire) Capital and Reserves Total Loans and Advances Total Deposits 1984 1983 1,089-2 947.9 16,779-0 14,274.4 23,493.2 19,881.7 Total Assets (excluding Contra Accounts) 29,112.6 24,213-8 Net Profit* 18.6 13-3 After
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  • Page 8 Miscellaneous
    • 678 8 CRYPTIC PUZZLE ACROSS 3 Gong on the way to town (5) 8 A cord in more senses than one? (5) 10 He helps make better wine (5) 11 An ad-round writer? (3) 12 Long, pointed pears, possibly ft) 13 Authority to give a mon on appointment (7) 15 Woy down!
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  • SPORTS
    • 492 9  -  By JEFFREY TSANG AFTER the first round of the 7-Up water-skiing tournament on Saturday, no one has yet qualified for the World Championships in France later this year. Although competitors did reasonably well considering it is the first truly competitive event for serious skiers this
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    • 438 9 Reuter IVAN LENDL gained an important win over John McEnroe in Duesseldorf on the eve of the French Open championships on Sunday. But the United States, aided by one of the most extraordinary attacks of nerves seen in professional tennis, fought back to
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    • 334 9 Reuter YANNICK NOAH returns this week to Roland Garros Stadium, Paris, scene of his most vivid triumph, armed for the French Open with a timely tournament win which ended two barren years on the tennis court. Noah's victory over promising Czechoslovak Miloslav Mecir
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    • 533 9  -  By WALTON MORAIS POH EE KIAT won his first tournament in a year on Sunday and promptly declared: "I've regained my old form." Then, taking it a step further, the newly crowned Tiger Open amateur champion added: "In
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    • 473 9 Reuter HALE IRWIN mastered high winds on the difficult Muirfield Village Golf Club course on Sunday to shoot an even-par 72 and win a one-stroke victory over Lanny Wadkins in the US$6OO,OOO Memorial Tournament in Dublin, Ohio. Irwin, who finished with a seven-under-par
      Reuter  -  473 words
    • 451 9 UPI BASEBALLER Kevin Mcßeynolds hit a home run and drove in four runs and Bruce Bochy added a solo homer on Sunday to lead San Diego to a 7-2 victory over the Philadelphia Phillies, extending the Padres' winning streak to seven games. At Philadelphia, Lamarr
      UPI  -  451 words
  • Page 9 Miscellaneous
    • 1185 9 W3 TO I TV HIGHLIGHTS The Sonnets Of William Shakespeare 9.05pm, Channel 12 Shakespeare's Sonnet 35 is presented by novelist Gore Vidal and recited by Simon Gallow. Drama On 12 Mansfield Park 9.15pm, Channel 12 This is a six-part dramatisation of Jane Austen's novel of the same title. Set against
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    • 57 9 Play goI£ the Sevvy way STfW WITH THE HEAP BEHIND THE BALL AT APPRESS.., AT THE TOP OF THE SWING THE HEP0 IS STILL BEHINP THE BALL,./, \F THE HEAP IS ALLOWED TO MOVE TOWARDS THE TARGET ON "THE DOWNSWING NOU WILLLOSE DISTANCE AND ACCURACY. INC. AT IMPACT THE HEAD
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  • INTERNATIONAL COMPANY NEWS
    • 658 10 Petition to argue proposal is financially unsound NYT FOR MORE THAN a month, CBS has been assembling information gathered by at least four law companies as part of its attempt to thwart a takeover by Ted Turner, the Atlanta broadcast and cable entrepreneur. CBS's
      NYT  -  658 words
    • 579 10 Sir Clive inventor with a mission in life AFP SIR CLIVE SINCLAIR, sometimes called a latter-day Leonardo da Vinci for inventions such as the digital watch, the pocket-size television set and the first inexpensive computer, is a source of puzzlement to London's pinstriped, bowler-hatted business brigade. First, his looks clash
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    • 363 10 Reuter BAYERISCHE Motoren Werke AG (BMW) expects higher turnover, volume sales and production this year after increasing all three last year. Management board chairman Eberhard von Kuenheim also said he was certain this year's earnings would be typical for BMW. Last
      Reuter  -  363 words
    • 175 10 Reuter CROWN ZELLERBACH Corp has given British financier James Goldsmith a seat on its board and both have suspended all litigation between them. Sir James, who began his takeover bid late last year, now controls Just over 25 per cent of Crown's common
      Reuter  -  175 words
  • Page 10 Advertisements
    • 190 10 Wi&tt fa wine. itm and entertain #i=S> C'% TONIGHT Roast Leg of Pork The Chef carves at 8.15 pm every Tuesday end Thursday at the Baron's Table In the best European tradition of old, our Chef will ceremoniously carve a succulent roast, done to a turn, on the one and
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    • 89 10 f kJ\\ >6 iSSSS nd ,v?oo* (avoonte p_^ Att evenmr^^^^ r i HOTEL ASIA Many happy nm™ 37 Seeds Road. Singapore 0922 Tel *****88 fete* RS ***** HOttSIA oiSjg K m 18 V p M A &*r< as wmr jr^L The 24-hour coffee house that offers you a superb menu
      89 words
    • 62 10 d 0 Time: 12 noon 2.30 pm Price: $12.0CT Fashion Show: 1.15 pm Modeling Agency Clothes by: Silk World Pte Ltd SiNCAPCMtf 181. Kitchener Road. Singapore 0620 Tel: *****22 Daily new Businessmen's Lunch at only $12J>0+ Today: Rjtage Rvmentier Boiled Beef Flemish Style 'Fresh Vegetables Hash-Brown Potatoes Apple Tart Coffee/lea
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    • 137 10 m A S3 Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. Special business lunch at $16 -h- each and $20 each (min. 2 persons). Over 50 a la carte specialities are also available. JkR P FURAMA SINGAPORE HOTEL 10 Eu
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    • 142 10 v «i r r r rfcng L6a Teochew V Restaurant for the best Teochew delicacies in town. k Discover our famous dian-xin, k delicious steam-boat Teochew porridge and other mouth-watering r delights prepared by Hong Kong chefs. And feel like royalty while C you dine in Oriental splendour. Open daily
      142 words

  • ASIAN STOCKS
    • 341 11 HONGKONG: Share prices closed sharply lower in very light dull trading yesterday as selling pressure mounted. The Hang Seng Index fell 39.06 to 1,557.78, having already lost 22 points at the morning close. Brokers said they expected the index to find some support at 1,550. Turnover was HK5240.07 million
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    • 205 11 MAY 27 Al Sinun Mia MT 2.32 23 80 0.02 +0.2 Nan Ya Ptos Pacific Cans Pacific Elact 27.10 18.10 14.55 unch +0.1 +0.05 Cathay Cora 24.20 unch 1 23 Chang Hwo Bank 49 10 20 10 -0.4 0.2 Sharp 17.10 +0.1 Ow Hun Cmnmt China Cham 22 20
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    • 372 11 TOKYO: Share prices firmed yesterday in active trading led by selected incentive-backed issues and medium-scale domestic-orientated shares, driving the market average to close above the 12,600-level for the first time since last Thursday. The average rose 48.97 to 12,642.73 on volume of 400 million shares against 320 million in
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    • 102 11 MANILA: Shares closed largely unchanged in dull trading yesterday. The Mining Index fell 0.48 to 681.44 while the Commercial A Industrial Index was steady at 131.45 and the Oils Index remained unchanged at 0.717. 0.0014 mch MAY 27 0.0014 unch Oriental B 0.011 unch 0 11SO -0005 Anglo Phi
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    • 333 11 SYDNEY: Stocks closed easier yesterday on low turnover due to a weakening Australian dollar and holidays in the US and UK. The All Ordinaries Index fell 4.5 to 878.8, the All Resources Index 5.9 at 595.2, the All Industrials Index 2.4 to 1242.3 and the Gold In- dex 15
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    • 186 11 BANGKOK: Stock prices closed lower in moderate trading yesterday which concentrated on finance and cement groups. The Book Club Index fell 0.43 points to 140.45 and losers led gains by more than three-to-one. Turnover dropped to 245,976 shares worth 78.0 million baht from its previous 401,649 shares worth 62.4
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    • 183 11 AP ALL NIPPON AIRWAYS, a Japanese domestic airline, will order two 747 jumbo jetliners from Boeing Co this month. While Japan Airlines currently has a monopoly on scheduled international flights out of Japan, Japanese pr?ss reports have speculated that All Nippon Airways
      AP  -  183 words
    • 331 11 Bernama UTUSAN MELAYU (M) BHD, a Bahasa Malaysia media publisher, has appointed Pearl and Dean Pte Ltd as the exclusive media sales agent for Singapore and Brunei (or its 12 publications. Utusan said that the contract was believed to be the biggest of
      Bernama  -  331 words
    • 78 11 AP SUZUKI Motor has signed an agreement to help produce small motorcycles in Jinan in China's Shandong province this summer. A Suzuki spokesman last week said the company would provide parts and technical aid to a Chinese motorcycle company 400 km south of Beijing. The
      AP  -  78 words
    • 149 11 AP CAPITAL investment by major Japanese companies in fiscal 1985 is planned to rise 6.9 per cent over the previous year on increased high technology-related investment. An advisory panel to the Ministry of International Trade and Industry (Miti) said a total of 1,730 companies across the nation
      AP  -  149 words
  • Page 11 Advertisements
    • 505 11 Rdr Business Or Pleasure Lunch At THe Elizabethan Grill Tbday's Specialties: Rock Melon with Port Parma Ham Fresh Local Lobster 'Raffles' with T&rragon Herb Sauce or English Roast Beef on the Wagon Home-made Kiwi Sherbet For reservation, please call *****41 ext 174. Free parking in front reserved for our patrons
      505 words
    • 81 11 For reservations cau. 235 2698 or 734 6622 at 141/144 Luck: Hub-Spa Dinner 6pm-11 pa ORCHARD ROAD Mimmmnji.mmTmt, Ample Free forking 19 Canhfl Qrcte and Valet Service Sioppore 0922 W 754 6622 o*tsi< r Our Chef 's h Recommendation: Steamed CucumW' UveFeh Marinate^ Ch»c Ken ?Jrie-F uNoo(^ $380 swee ,)6can
      81 words

  • RAW MATERIALS
    • 640 12 Bernama JAPAN has assured Malaysia that it will consider a request for a reduction in the tariff imposed on Malaysian palm oil. The assurance was given by Japanese Foreign Minister Shintaro Abe during talks with his Malaysian counterpart, Tengku Ahmad Rithauddeen, in
      Bernama  -  640 words
    • 290 12 FT THE THREAT of an agriculture trade war between the US and the European Economic Community loomed larger last week, following the announcement by Mr John Block, the US Agriculture Secretary, of two US dairy sales to traditional EEC markets. The US
      FT  -  290 words
    • 72 12 Reuter THAI coffee exports increased to 4,627 tonnes in the first three months of this year from 1,572 in the same period last year. The Private Board of Trade said Singapore bought 1,768 tonnes of Thai coffee during the quarter. Others included North Korea (928 tonnes),
      Reuter  -  72 words
    • 186 12 Reuter THE Australian wool production forecasting committee have forecast that Australia's wool output would rise to 785 million kg greasy in the 1965-86 season commencing July 1 from an estimated 773.2 million in 1964-85. This would be the highest level since 1974-75 when output
      Reuter  -  186 words
    • 70 12 Reuter GUYANA exceeded first-quarter bauxite export targets by about 26,000 tonnes, according to industry figures made available to the Caribbean News Agency, Cana. Bauxite exports exceeded 455,000 tonnes between January and March, 6.6 per cent more than initially projected. Guyana's production target in 1965 is
      Reuter  -  70 words
    • 152 12 MALAYSIAN crude palm oil prices closed higher in quiet trading yesterday on light covering interest, supported by India's palm oil purchases last week. May deliveries in the south region firmed Ms3s to $1,340 per tonne and central $30 to $1,310, while June in the central rose $47.50 to
      152 words
    • 229 12 Reuter AFP AMERICAN exports of farm products in the current fiscal year ending Sep 30 are forecast at U5533.5 billion, down $1 billion from the March estimate, and 12 per cent below the fiscal 1984 total. The US Agriculture
      Reuter; AFP  -  229 words
    • 126 12 THE KuU Lam pur Tin Market (KLTM) price dropped IS cents to M 529.21 per kg yesterday, la line with a lower close la Leaden last week. Tke price was still within the International Tin Agreement (ITA) $29.15 and $32.99 lewer range. The holler stack manager absorbed about 59
      126 words
    • 203 12 SINGAPORE The market closed higher yesterday with June One RSS buyers quoted at 170.25 cents per kg, up 1.25 cents from last Friday. Opening prices marked down about half a cent, but the market later recovered in quiet morning trading following enquiries from Inro's buffer stock manager. MALAYSIA The
      203 words
    • 355 12 RAS prices in S cents/kg, FOB in b oles NOON CLOSE Int 1 RSS Prompt ouyere 170 00 Niwn 171 00N vuyvTi 171 00 172.OON Int 1 RSS June 85 169 50 170 00 170 25 170 75 Int 1 RSS July 85 169 00 169 50
      355 words
    • 103 12 nts/kg, 1-ton pallets) JIJNE 85 JULY 85 (current month) (forword month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 163 50 165 50N 165 50 167.SON SSR 50 161 50 163 50N ***** 165 SON MRELB Buyers Sellers Buyers Sellers SMR CV ***** 214.00N ***** 2I600N
      103 words
    • 254 12 AFP AFTER a traditionally quiet third quarter, copper prices, judged to have touched their lowest level of the year, will strengthen during the final quarter of this year and the first quarter of 1986. International analysts, Shearson Lehman, forecast last week that fundamental
      AFP  -  254 words
    • 164 12 Yarn (In HK$ per bole of 400 lb) China carded yorn, cones Blue Phoenix 16'* 2,550 Blue Phoenix 20'$ 2.700 Blue Phoenix 32'$ 3,150 Blue Phoenix 40'$ 3,550 Carded yarn, hank 2.900 Blue Phoenix 21'$ Combed yarn, cones Blue Phoenix 32'$ 4,250 Blue Phoenix 40'$ 4,400 Open-end yarn Blue
      164 words
    • 157 12 AFP INDONESIA IS moving to have the headquarters of the International Tropical Timber Organisation (ITTO) transferred to Jakarta. Indonesian Foreign Minister Mochtar Kusumaatmaja said last week that Indonesia had approached several industrial countries for this purpose and would also ask Japan for support it. Mr
      AFP  -  157 words
    • 89 12 AFP PHILIPPINE banana exports enjoyed a boom in 1984, when earnings rose 57 per cent over the year before to US$B).7 million, the official Philippine News Agency (PNA) had reported. Export volumes were up by 6 per cent to 592,000 tonnes, PNA said. The
      AFP  -  89 words
    • 434 12 FT DELEGATES from the world's sugar producing countries will be flocking to Brazil next month in the hope of finding a solution to the question that has been taxing the best brains in the industry is there any way of relieving the over-supply which
      FT  -  434 words
    • 274 12 Singapore C-l Od unq (S$/kito, e*-godown) Loonzoin Rice Froaront new crop 100% 1st grode 1st 0.86 100% 2nd grade 227 2nd 0.64 100% 3rd grode unq 3rd New Crop 25% 10% 0 60 Parboiled Rice no stock 5% no stock '0* 227 222 Thai Broken Maize unq A-super Special
      274 words
    • 104 12 Chinese Produce Exchange (Setters' noon doting prices on Mot 27. S*/100 kg) Coconut oil Bulk FOB 120 00 Old drum FOB 133.00 New drum FOB 137.00 C °P r A Mixed (loose) 61 buyers Pepper Muntok White FOB NLW 870.00 Sarawak White FOB foq NLW 860.00 Sarawak special
      104 words
  • Page 12 Advertisements
    • 169 12 INDUSTRIAL BANK OF JAPAN, LTD (Incorporated with limited liability in Japan) Singapore Branch U5540,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE NOVEMBER 28, 1986 (Redeemable at par at Issuer's option on November 29.1985) In accordance with the provisions of the Certificates of Deposit, notice is hereby given that
      169 words
    • 106 12 NOTICE Notice is hereby given that the Interest Period for SABAH DEVELOPMENT BANK BERHAD rate-setting published in the Business Times on 17th May 1985 should read: May 16th 1985 to November 18th 1985. CANADA New investments are needed in Canada and a strong programme of incentive has been legislated. Canada
      106 words

  • SHARE INFORMATION
    • 4063 13 HOLIDAYS in overseas financial centres led to the most quiet trading day on the Singapore stock market so far this month. Share prices closed slightly lower across the board. Volume shrank to 4.3 million shares worth 19.46 million. The last time volume fell
      4,063 words
    • 235 13 SINGAPORE Rises Indices Wtawi 374 Saafiaa 200 Taaak Camat 424 iywi Cmfm 168 M T f 330 Onaatal HUgt 320 ImSOC 269 Falls O C C 930 knM Carp* 128 D IS 610 G 1 HUfi 50* 223 Homdna 50* 197 Gnm KM! 50« 174 U Ol
      235 words
    • 2196 13 810 and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time SetUement Contracts are quoted after the word "SETT".
      2,196 words
    • 291 13 DUTCH BABY MOIL INDUSTRIES (MALAYA) BEBHAD: Twenty-second AGM at No. 13, Jalan Semangat (Section 13), Petaling Jaya, Selangor, today at noon. HAW PAB BROTHERS INTEBNATIONAL LIMITED: Sixteenth AGM at the Board Room of United Overseas Bank Ltd, 30th Floor, UOB Bulding, No. 1 Bonham Street, Singapore 0104 today
      291 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 800 14  -  Extra $200 m spent on investment portfolios By RAMESH CHANDIRAMANI SEIZING the opportunity to load up on their favourite stocks and shares cheaply last year, a number of publicly-listed companies have splurged an extra $200 million beefing up their investment portfolios. An analysis covering about
      800 words
    • LATEST RESULTS
    • 479 14 MAGNUM Corporation has laid plans for a big move into the leisure industry, with the emphasis on hotels and motels. "We want to have a motel chain with motels in every state," said Magnum's executive chairman Datuk Choo Ching Hwa. Magnum hopes to
      479 words
    • COMPANY BRIEFS
      • 67 14 has sold more shares in DBS Baak at various dates between Jan 31, and March 6, 1965 at prices ranging from $6.00 to $6.40 per share. In addition to the 200,000 shares that it sold in late January this year, Temasek sold another 420,000 DBS shares,
        67 words
      • 108 14 has decid- Ed to redeem all of its US$25 million floating rate notes due 1989 on June 28, 1985, the date of the next interest payment. AT THEIR respective AGMs on May 25, 1985, the shareholders of United Overseas Bank Ltd, United Overseas Finance Ltd and
        108 words
      • 38 14 has an- nounced the appointment of Mr Teo Soo Kiang as an additional director of the company with effect from May 22,1965. Mr Teo Chiang Lim has been appointed to act as his alternate director.
        38 words
      • 20 14 announced the resignation of Mr Gan Beng Yen Ming as director of the company with immediate effect.
        20 words
    • 380 14  -  By AMY CHEOK SEALION Hotels Ltd had awarded contracts worth $62.6 million for the construction of its new hotel wing, The Regency Terrace, by the end of 1964. Sealion, owner of the five-star Hyatt Regency Singapore hotel in Scotts Road, took advantage of the
      380 words
    • 103 14 Reuter FINANCIALLY troubled American Motors has taken initial steps toward closing its only US carplant at Kenosha, Wisconsin, which could Jeopardise the jobs of more than 5,000 workers. But the fourth largest American carmaker, which says it is burdened by the industry's highest labour costs
      Reuter  -  103 words
    • 522 14 LETHARGIC conditions prevailed on the Kuala Lumpur stock market yesterday with share prices closing easier across the board. Such was the state of apathy among investors that the trading volume dropped to its lowest level in one-and-a-half years. Only 3.54 million shares valued at $7.06
      522 words
    • 2121 14 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. MXJS TRIALS A jinomoto (3.105) A Choc (2.125) AMD (3.006
      2,121 words
    • 103 14 HONGKONG Friday 1244.6 WHk ago 1259 7 Hong Song Indox Monday 1557.78 Friday 1596 84 NEW YORK WHk ago 1638 47 Dow Janes Friday 1301.97 TOKYO Thunday 1296.71 Weak, ogo 1285.34 i I I 1 Monday' J*****3 Fridav ***** 85 Standard Poors ago ***** 10 Friday 188.29 Thursday
      103 words
    • 226 14 Monog«r*' pricts for Moy 28 Singapore Unit Trust Th* Comm*rc« 1.94 *204 Th* Sovings Fwid 1 45 1 54 S'por* Prog Fund 0 85 0 90 S'por* S«c Ft»*l 1.25 1 32 S'por* Invest Fund 0.92 097 S'por* Equity Fund 0.86 0 91 Thrd B'outro 4.13 4.18 Fourth
      226 words
    • 77 14 Company RIGHTS ISSUE Gando Hldgs One-for-four fe $1.00 per share Ex-date May 24 Book dose: Jun 6 Landmarks H One-for-four fe $1 00 per share Ex-date: Jun 4 Book close: Jun 14 O U B One-for-frve fe $2.50 per share Ex-date: May 31 Book dose: Jun 8 Van
      77 words
    • 84 14 Company RIGHTS ISSUE Dah Yung One-for-one fe $100 per share (Bonus entitled to rights) George Town Two-fof-one fe $1.00 per share KiHmghal! Two-for-frve fe. $115 per share Peak Huo Three-for-two $1 50 per share Sub-division of $1 par into 2 shares of 50 cents eoch Sateras Res One-tor-two
      84 words
    • 613 15 wq mm... By HOCK LOCK SIEW IT REALLY wasn't surprising to learn that N M Rothschild Sons had expressed some reservations about the financial merits of Grand United Holdings' proposed $83 million takeover of Sigma Metal Company Ltd. These reservations are due mainly to the uncertainty
      By HOCK LOCK SIEW  -  613 words
    • 290 15 GEORGE BOGAARS has stepped down as chairman of National Iron Steel Mills. Succeeding him is Mr Yeo Seng Teck, who was appointed to take over the helm from May 23. Fifty-nine-year-old Mr Bogaars, a former head of the civil service, suffered a mild
      290 words
    • 444 15 AMBASSADOR Hotel Ltd ought to sell its 20 per cent stake in Orchard Hotel and use the $16.5 million proceeds to diversify, says the board of directors. Details of the group's diversification programme are not yet available. But the directors say they will be looking
      444 words
    • 508 15 Bernama THE London-based Commonwealth Development Corporation (CDC) is to restructure its two-majority owned plantations in Sabah and Sarawak in line with the New Economic Policy. In its annual report released simultaneously in Kuala Lumpur and London yesterday, CDC said that both the Bal Plantations Sdn
      Bernama  -  508 words
    • 509 15  -  By CHAN OI CHEE MALAYSIAN businessman Lee Ming Tee has struck another major deal in China. Through Sunshine Australia Ltd, Mr Lee is making his first foray into onshore petroleum exploration on Hainan Island. A member of the Sunshine group, Base
      509 words
    • 362 15 REVAMPED Malaysian Containers (1974) Bhd, now a cash company under new owners, has returned to the black following the sale of its unprofitable glass-making subsidiaries to ACI International Ltd of Australia. The company turned in pretax profits of M 517.41 million for the
      362 words
    • 566 15  -  By NAJEEB JARHOM AFTER two years of commendable earnings growth, Oriental Holdings Bhd, holder of the popular Honda vehicle franchise in Malaysia and Singapore, has succumbed to the fierce competition in the trade. However, a 13.7-per-cent drop in group taxable profits to
      566 words
  • Page 14 Advertisements
    • 144 14 What on earth has water got to do with electronics, food, palm oil, petrochemicals, rubber, pharmaceuticals, pig farming, paper, breweries, metals, alcohol, and lots of other industries? Everything! The latest water treatment technologies for these industries will be on display and presented at the 3rd Asian Water Technology Exhibition 8t
      144 words

  • Page 15 Advertisements
    • 452 15 "Win a Wang" Subscribe to Micro Decision today and you may be the winner of a brand new Wang Professional Computet worth USs4,2oo* i I The fastest data processing of all the personal computers we've tested. V*' CPU: Full 16-bit 8086 (8 mhz) Memory: 256K8-768K8 Disks: 560K8 Diskette, 10 or
      452 words

  • 482 16  -  Financiers' exposure estimated at $2m By AMY BALAN and JEFFREY TSANG THE IMPORTER of Porsche cars in Singapore is being sought by the police in connection with losses estimated at $2 million alleged to have been suffered by at least seven finance and leasing companies
    482 words
  • 606 16  -  By BOEY KIT YIN MOVES by New Zealand to exclude Singapore from its Generalised System of Preferences would not result in a chain reaction among other countries using the system, it was claimed yesterday. Acting New Zealand High Commissioner Mr
    606 words
  • 282 16 IN ITS FIRST major expansion outside Singapore, the Mandarin hotel group is planning to build an 800-bedroom deluxe hotel in Shanghai at an estimated cost of $100 million. The project will be handled by Overseas Union Enterprise, an associate company of the
    282 words
  • 370 16  -  By YAP BOH HOON SINGAPORE AIRLINES is looking into the prospects of resuming direct flights to Bali and adding more flights to Vienna but is fighting a rear-guard action against a possible cutback in flights to Italy. Flights by SIA and
    370 words
  • 256 16 TAXI FARES will be lowered this Saturday The new fares will result in a slight increase in the cost of short distance travel from the present 20 per cent discounted rate. But commuters travelling longer distances will enjoy lower fares. The Ministry of Communications and
    256 words
  • 134 16 Reuter BLOATED BODIES floated in the Bay of Bengal yesterday after a towering tidal wave had swept over islands off the Bangladesh coast, killing up to 15,000 people. President Mohammed Ershad cancelled a visit to China which was due to start tomorrow to take
    Reuter  -  134 words
  • 354 16 SOCIETE GENERALE was the bank that withdrew a milliondollar credit line to Cori Moreni de Fashion Salon. The withdrawal of this facility, coupled with the cancellation of a number of overseas orders, had, according to Mr Johnny Tan, managing director
    354 words
  • 416 16 FOUR SEAS Communications Bank has decided to skip dividend payment for last year, a possible consequence of the losses it incurred because of the Chop Hoo Thye loan scandal. The bank, which has made net profits of between $9 and $10 million
    416 words
  • 112 16 IT WILL BE at least a week before Saint Andrew's Cathedral is safe again following the landslip on Sunday which caused a collapse of a 20-metre side wall of the Mass Rapid Transit City Hall worksite adjacent to it. A spokesman for the Mass Rapid Transit Corporation
    112 words
  • 62 16 TWENTY THOUSAND pieces of the 1985 "Year of the Ox" $10 silver proof coin, released by the Currency Board yesterday morning, were completely sold out. The legal tender proof coin, sold at $40 each, comes with a presentation box and a serially numbered Certificate of
    62 words
  • LATE FILE
    • 40 16 Reuter A GROUP of militant lawyers told the Manila Supreme Court yesterday the military had defied its order to free three attorneys detained in an army camp for leading a transport strike in the Southern Philippines.
      Reuter  -  40 words
    • 41 16 Reuter CHINESE Vice-Premier Li Peng, who is touring Eastern Europe, has signed a fiveyear trade agreement with Warsaw. Polish newspapers said that under the agreement, China will import mining equipment, cars, trucks, metallurgical products and copper. Reuter
      Reuter  -  41 words
    • 43 16 Reuter THIRTY-TWO prisoners have escaped from a jail in the heart of Jakarta after battering down the main door. An Indonesian government spokesman said yesterday that one guard was stabbed as the prisoners rushed out of Salemba jail.
      Reuter  -  43 words
    • 36 16 Reuter ABOUT 2,000 workers at three major silver lead/zinc mines in Broken Hill, New South Wales, returned to work at midnight yesterday, ending a strike which began on May 22. Reuter
      Reuter  -  36 words
    • 46 16 Reuter THE trial of three Bulgarians and five Turks charged with plotting to assassinate Pope John Paul in 1981 opened in Rome yesterday. The four defendants in Italian custody were ushered into separate steel cages in a special fortified courtroom.
      Reuter  -  46 words
    • 34 16 Reuter AFGHANISTAN'S foreign trade increased to US$l.6B billion in the fiscal year ending March 20 compared with US$l.6 billion the previous year, Afghan's official Bakhtar news agency reported yesterday. Reuter
      Reuter  -  34 words
  • Page 16 Advertisements
  • Page 16 Miscellaneous
    • 61 16 uMSMSii Outlook for today: Fair except for showers over a few areas in the late morning and early afternoon. Report for 24 hours prior to 7.30pm on May 27 at the airport: Maximum temperature 32.3 Associated humidity 73 Minimum temperature 23.5 Associated humidity 97 Hours of sunshine 1.70 Rainfall in
      61 words

  • SHIPPING TIMES
    • PORTSIDES
      • 113 17 FOLLOWING several weeks of advances, utilisation rate for offshore mobile rigs at the US Gulf of Mexico last week stalled at 77.6 per cent. Of the 254 rigs positioned in the Gulf, 57 rigs were without work or work commitments. A year ago, 39 rigs located
        113 words
      • 63 17 Reuter MEMBER LINES of the Japan and Hongkong/South Africa Shipping Conference said they will adjust their currency adjustment factor (CAF) to minus 6.5 per cent from minus 8.5 per cent from June 1. Member lines of the Japan/Philippines Freight conference said they will adjust their CAF to minus
        Reuter  -  63 words
    • 449 17  -  By JUNE LIM THE PORT OF Singapore Authority has designated an anchorage for ships which are making short calls in Singapore to take supplies or change crew. From June 1, the Sultan Shoal Quarantine and Immigration Anchorage will be used for dual purposes a
      449 words
    • 433 17 Lloyd's List THE FIRST MAJOR joint service venture to be struck by Evergreen, the fiercely independent Taiwan-based company, is set to be concluded with Japan Line in the trans-Pacific trade. The proposed deal has come about following the decision by Japan
      Lloyd's List  -  433 words
    • 797 18 Fairplay FOR MANY YEARS, Chinese shipyards concentrated on building vessels to domestic requirements. When the move into export construction was made, the shortfall in quality was a major factor in the need to reorganise the way the industry was run, invest in engineering
      Fairplay  -  797 words
    • 113 18 LLOYD'S OF London Press will hold a four-day "Marintec China 85 Conferences" in Shanghai in December. The conference is part of the Marintec China 85 and Marintec Offshore China Exhibition and Conference. The China's meet will be held in conjunction with the Shanghai Society of Naval Architecture
      113 words
    • 316 18 THE 14,000-dwt Anatoliy Kolesnichenko, the first of five "SA-15 super" Arctic multi-purpose dry cargo vessel, has been delivered to the Soviet Union. The "SA-15 super" is an improved version of the SA-15 which the Finnish Valmet designed and built for the Soviets earlier. The SA-15 is
      316 words
    • 1876 18 IRON ore and time-charter I business enlivened charter- i ing on the London shipping freights market on Friday i just ahead of a three-day < Bank Holiday weekend. i Rohstoffhandel paid U553.75 (fio) to the Moshill for a 110,000-ton iron ore movement to Rotterdam after June 5-15 loading
      1,876 words
    • 722 18 AB Shpg V 5 Afea lime VI 3 APC Lme V 4 APL HI 2/3 ANL 1 1 ASCL M 1 Bolt-Canodo Lme VI 4/5 Bott-Orient Lme VI 4/5 Bonk Lme V 5 B8S 1 4/5 Bayswater Shpg V 4 Ben Lme Cont V 3 Ben Ocean
      722 words
    • 210 19 REVISED RATES for tanker journeys come into effect from July 1, but the tanker owners' association Intertanko forecasts little real change for shipowners and charterers. The Worldscale flat rates take into account amendments to port costs and bunker prices. July's half-yearly update should reflect average
      210 words
    • 349 19 Reuter HONGKONG government said it is gathering opinion on the establishment of a ship registry and expects to finalise the legislation in about five years. Deputy secretary for economic services, Gerry Higginson, said it will replace the existing registry, provided under the
      Reuter  -  349 words
    • 293 19 Reuter EXPLOSIONS RIPPED through two oil tankers killing at least 34 people close to a giant refinery in what officials said was Spain's worst shipping disaster in modern times. "It was like an earthquake," San Roque's mayor Eduardo Lopez Gil said, describing Saturday's inferno that engulfed
      Reuter  -  293 words
    • 331 19 June 2-11 London the world insurance and financial centre, British Insurance Association senior management course. Jue S Creating a competitive edge systems technology in international freighting management, International Conference Centre, Brighton (details: Marcom Conference Secretariat, West House, West Street, Faversham, Kent.) Jue 4-8 World Freight, Institute of Freight
      331 words
    • 187 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 (BTRAITB/ AUSTRALIA): Australian National Line. Australia /Straits
      187 words
    • 131 19 Fairplay THE Belgian Council of Ministers have given the green light to a 8f2.232 (U5535.7 million) credit package which will enable a 165,000 dwt oil-bulk-ore carrier to be constructed at the Boelwerf shipyard. The order will resurrect a letter of intent which was not taken up
      Fairplay  -  131 words
    • 5505 24 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      5,505 words
    • 683 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival date/time Operator Godws for LCL cargo FCL movement schedule Location Pelopor 137 Maersk Mango 8522N Nantai 7 17S Helene Del 5N Kaga Maru 57H Hayakawa M 8220F E Obtain 001W Jenlink 21/85 Niaga 22 SJ8/85
      683 words
    • 1587 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A-B A Top Enterprises Pte Ltd Some (S). AB Shipping Bousteod Shpg Agencies Afeo Line A trie on Shpg Agencies (S) Alfred C Toepfer Oceonus Shipping Agencies (S) MuJtiport Sdn Bhd (PK) American President Lines
      1,587 words
    • 517 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 28.5.85/0700 Barber Nara K9 Barber alongside Equator V K22 T Soon alongside 28.5.85/0600 Hua Wah K18 Guan Guan alongside 28.5.85/0600 Pacific Star K20 IAPL alongside 28.5.85/1830 Sanno Scorpio K27 Sharp alongside 28.5.85/0600 Seria K25E SSPL alongside 28.5.85/1100
      517 words
    • 385 26 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. The following vessels were reported sold for continuing trading: Virtuous the 28,765dwt bulk carrier built in 1971, was sold
      385 words
    • 315 26 AFP THE huge surplus of very large and ultra large crude carriers (VLCC and ULCC) seeking employment in the Gulf states area continued to depress rates, despite a slight upturn of activity in that sector on the tanker market over the past week. Two VLCCs were fixed from
      AFP  -  315 words
  • Page 17 Advertisements
    • 333 17 2 Jurong Port Road Singapore 2261 Tel *****55 Tele*: RS ***** TIMESJ THE HEART OFTHE CURRENT BUILDING capacity in Chinese yards is about 1 million dwt per annum but this is planned to increase to 4 million dwt. Pago II HONGKONG government said it is gathering opinion on the establishment
      333 words
    • 215 17 I UASC UNITED ARAB SHIPPING CO (SAG) SEALORD SHIPPING AGENCIES 70 Shenton 04-02 C Marine Mou»e Singapore 0207 Tel *****94 Tel». No RS?S4i9 CES office TPC 03 30 Tel *****31 and *****3? Terminal office TPC 03 29 Tel No *****90/*****93 NATIONAL UK Of BAHRMN, RAQ. KUWAIT, QATAR, SAW ARABIA AMD
      215 words
    • 539 17 FESCO LINES FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA, USA ft CANADA. Agent: Singapore Soviet Shipping Co Pte Ltd TEL: *****3 MAERSK LINE ?por. EXPORT TO USA. EUROPE. MIDDLE EAST. WEST AFRICA ASIA I Port K*Lang Pena ng Feeder •,'S us CY 3 Me 1100 HBS
      539 words

  • Page 18 Advertisements
    • 304 18 YAMASHITA-SHINNIHON LINE CONTAINER SERVICES *****! !TWHI USA/CANADA Fawtor at Tokyo vs. MIDDLE EAST TRANS SIBERIAN SFRV'.Ct IT' Malaysian Bk| Afents: WM franch Tra*f (M) Sdn Bhd Line, ltd. CONTAINER SERVICE TO/FROM JAPAN TAIWAN FMLT IS aan no. AGENTS SUNSHIP AGENCIES PTE LTD Mam Office *****22 5 lm»«) CFS'T»rmm»l *****21 *****57
      304 words
    • 170 18 rr Supercarrier Service IC7 UP MP wt m M 11/» NEXT AJBWAISBAMER TOMSKRG 1/6. BMKI TEXAS 17/ i TOIMCOMG 2t/i BARBER PERSEUS 5/7 TO: CAUFORNIA PANAMA US ATLANTIC US GULF E. CANADA 7/7 12/7 11/7 21/7 a/7 31/7 11/1 l/l */l 17/1 11/7 a/I 11/7 7/7 */7 4/1 3/1 M/l
      170 words

  • Page 19 Advertisements
    • 913 19 The Straits Steamship Group Mansfield Container Shipping PteLtd Overseas Containers Limited cqntaroshp service to/from Bangkok T&i STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAINERSHIP SERVICE TO UK CONTINENT 17/8 IS/8 21/1 24/1 25/5 »/l 82/7 M/ 7 Hp UP 18/7 12/7 HP HP ZIP 25/7 27/7 M/
      913 words
    • 360 19 Franco Belgian Services II »«I'l CHARGFURS HAVRAISE MEDtX I INF Mt MBt R Of ACt CONSOR TIUM mm (MED CLUB MEMBER) o St Ml CON TAIN t WISfcD St H VICt IO At ST At RITA CHARGEURS RE UN IS A Optorg Shipping Pte. Ltd Port Kalarvg *****1'? P#fahng Java
      360 words

  • Page 20 Advertisements
    • 473 20 r iw m Hapag-Lloyd TO CONTINENT/UK On cantofe to Scandtoavia, Mad, Carribean IS. America to Wand destinations in Europe TO EUROPE/MED ConMctm( m Kobe Connect** m KaosNunf Connect** m Tokyo "Mm accept** c*|o «0( ATLANTIC t GU.F PORTS na mndandDndft and US MD-WEST by imcrobrMr'' IMPORTS FROM N CONTINENT UK
      473 words
    • 166 20 *XuN« FULLY CONTAINERISED SERVICE 10 FUHOPf Vl* SU(/ 1 1 ot th* Ace ComCTtmrn u*« rmn Htai 4/6 1/6 9/6 12/6 17/6 (13/ C) 11/6 15/6 16/6 19/6 24/6 N. CMF 431 arm* m (20/6) 11/6 22/6 23/6 26/6 1/7 (27/6) 25/6 29/6 30/6 3/7 1/7 FULLY CONTAIF#RISFD TO FROM
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    • 489 20 THONG SOON AGENCIES PTE. LTD. #09-07. ROB IN A HOUSE. S PORE 0106. TEL: *****88. TELEX: RS ***** BOOKING: 22M256 (DIRECT LINE| SINGAPORE TO PENANG SINGAPORE TO SABAH SIN CHIAO SHIPPING AGENCY PTE LTD BM of Qtm #IMC SMGAPORE TEL: *****1 mom. RS ***** KVRMP PORT KELANG LK FOR nahenc
      489 words
    • 860 20 EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) O Round-The-World West Bound Service (FE/EURO/USEC/CARIB/FE) mun no sane HC IK FU m M LW nc (/I 21/1 2VI M/l 1/7 2/7 U/7 11/ l 17/7 S/7 11/7 12/7 13/7 21/7 23/1 14/7 U/7 11/7 U/7 21/7 2V7 M/l 21/7 21/7
      860 words

  • Page 21 Advertisements
    • 672 21 V\v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 KOTA AQUNQ KOTA WW AM A KOTA WISATA KOTA WAMJNA EAST AFRICA/REDSEA SERVICES VOYAGE HONGKONG SINGAPORE LOADING FOH: E-9C7 31-1/fl 5-10/1 HOOEIOAH.AOABA E-Stt 2-3/8 14-11/f TAMATAVE, DSALAAM, MOMBASA. MOGADISCIO E-571 4-S/S 10-14/S AD€N, DJIBOUTI, HOOEIOAH, JEDOAH.
      672 words
    • 492 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTANER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS (kJJEBSEN LINE K. NEW ZEALAND SINGAPORE PORT KEI*NG K lUMPUR PEN*NG BE N I INI BE NDfRA BENDER* BENDER* Tfl 2737/44 TEI *****1 TEI *****5 lEL
      492 words
    • 546 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINF E lllJi com m w MAJAPAHT V2l MB in 11/7 17/7 4/7 4/7 7/7 11/7 It/7 21/7 STORE HMO UK CMM/CMM ITMRG/BREM DBMS mm 5-4/7 31/7 3-5/4 M/l 1-14/4 IB HIAM- ma 21-22/7 is-14/1 11-22/4 23/4 I——l ALSO ACCEPT* CARGO TO TBBTt ALSO ACCEPT* CAKO
      546 words
    • 602 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loadhg for Rangoon Spore Pa-an VS4W 2/5 Jim Htoneywa V 202 4/6 Mm Pagan VSSW 11/13 Jmk Phashwefyawywa V255W 13/15 Jaa Pa-an VSSW 24/21 Jim BANK LINE SPORE R'DAM HULL HMBG FORTHBANK 15 Jun 11 Jul 23 Jul 17 Jul MEADOW
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  • Page 22 Advertisements
    • 896 22 CUADOR/PERU/CHILE FBBQ VS. MOIMBI STO jomok mmi m mvnu&n wu s i CENTRAL AMERICA/CM nm va. Mono «i OCK MBS *44 CKMHOCMtVM ras MB VI Jm 11 Da K LINE KAWASAKI KISEN KAISHA, LTD. JPOK KOK BJAYMJUL CAUAO MbCA IQUqUI AfMAJT* UHUMO MIHMOO 22 jm n u I hii I
      896 words
    • 486 22 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS COWTAINER/REEFER/BULK SERVICE Lm*m tor lOS ANGELES. SAM FRANCISCO. SEATTLE, TACOBA. VANCOUVER ».C Accept** Fa/Fa Contwien AUSTRALIA EXPRESS CONTAINER SERVICE Acc«ptM| Fa/Fa ContwMn Plata* Spn frtm B* Sy* Alm Ac "RAMDAS" 28/2S ttiy 30 lky/2 Hint 22 hnt 13 June 19 tone AM ViytMH Cofltwm it
      486 words
    • 313 22 SANKD ASIA FROM JAPAN* S£ POUTS ANO MONO KONG £9 GOLDEN LINE GUAN GUAN SWPING (PIE) LTD l«M| Tm| hiiticM Ml MN. M Cad S*Mt gym «im iu hut* <10 no T* Kuata Laapv ***** r. mmi M7*i fur Safe* lf«t own U.OTO (HnH.l: K37t STRAITS/PERSIAN GULF SERVICE: I CotoMbo/Mm
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    • 367 22 INTRASEA (PTE) LTD. I 1() Anson Rorftl o?7 ife P <)?()/ T*»l *****1 1 ii' i- nesi BREAKBULK SERVICE TO EUROPE/UK S'par* P. tart/I i2/i «ott/a*t/iu. (««on AND R.M.Z S port P Wane LmM( tar EVMBELOS L wmi SaM 4 taa WmUamrMmtkJ must (fit) ito none 22*511 4KTMK IWIK CO
      367 words

  • Page 23 Advertisements
    • 618 23 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE TO EUROPE/UK (VIA SUEZ): C PJUJI 44W+ TIN BMDGE 25*. C CONTAIO 30W.... K CHANCE 22W HK COmWO 45WL 0 CHEF 44W A member ol the ACE Con.ort'um Also accepting cargo to/from Scandinavia FROM EUROPE (VIA SUEZ) C PAUL S pore Closing Times: FCL Cargo
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    • 412 23 V«MI SpVt ft lb Dmh/MM h Nrt 31/5 I Daua/MMH i/t lt/t Hi DMR/W4M t/( 13/* Ik 7 Dm/MM 15/4 l»/t Pifft KiINIS NfPIUNf AGENCIIS Pll I ID Ifl ??***** ?/8 5434 i Bnnkmfs) ???IS 10 iOp"Jl'ons) ????48 7 ??09?84 (l»in*njh ??O.MSO ??0?S04 (OS) Mil tmi lI.INIS IIINAS SIIIA SON
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    • 601 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Sinfapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SMGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG KNANG M/S SHARK AT NAM SOON SON. M IST AND 2NO FLOOR. MESSRS MM THONG SNPPK 23
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    • 28 23 SIM SWEE JOO SHIPPING SDN. BHD. k EXPRESS TO BINTULU Lm*| tm Bntiiu. Mri JAMB A TAN MERAH SDN. BHD. P. Kelang *****6/7 K.L. *****7/*****1 Penang ***** WA
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  • Page 24 Advertisements
    • 680 24 H?c«|iooal Container Miics 'j'WIV HL'll 4 Sa,lmgs weekly JTO I f:as Reliable Regular B y •Punctual Berthing P S.A Tue, Thur, Sat Sun. HINODE KISEN CO. LTD MIDDLE EAST REGULAR LINEK a FORTNKHTLY FULL CONTMNER SERVICE tan stok antoerp idw hmbuk rostocr I 3/15 13 la 7 M 4 M
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  • Page 24 Miscellaneous
    • 155 24 fi Weather fi s s V T Jv' > *1 EK C<4 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. cT 1 Wind direction with speed m knots Wove height LEGEND: R Thunderstorm ejection with speed knots Shower Rom Wave height Cloudy Sky Surfoce winds ore indicated by
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  • Page 25 Advertisements
    • 60 25 MBC AGENCES K. LUMPUR P. KELANG PENANG P. GUDANG J. BAHARU LEQSHT SPORE 42S0M/*****6/*****1/*****3 3S7IU/4 TERMMAL 3M3SI/2' *****/*****/*****/***** *****3/*****5/*****1/*****0 22S9SS/*****5/*****5 jmm FAR EAST/EUROPE CONTAINER SERVICF r ■r-Trm \umnm irrrrra ri wryrTTji in.. iTn imtiiTTi lurnc] irTiPMnMnaTr-WFTiMn jrr»CTW|njg|gj|[[aMlZ''^■' l^iElilEl] Hk a If? TTTTMim rrM rem STRAITS/TAIWAN/JAPAN CONTAINER SERVICE S E A./AUSTRALIA
      60 words
    • 81 25 PHIUTRON SHIPPING RG€NCI€S PT€ LTD TEL: *****22 (8 LINES) TELEX: RS ***** PHILI i/t,»/». nil rr —w: PALMYRA TSIRIS LINES S.A. Loading for: KTAN S PORE PK 12/6 15/$ 17/« 14/ C IS/S MOK OSAL AGENCIES (S) PTE LTD #•243 MBON CEMIK. SMAPOK 1217 TIX R*****5 OSM. T* *****77 (5
      81 words
    • 228 25 LICQRNE SEJUJON 9VPMG (S) PTE LTD. SALES/BOOK ICS TEL 2205M1 (t I 2 2 1 3 ;=f>'.i:f.V» V M >:u w :t»:: .i.hjsx. n: CWTTAGON6 M/V AMMGNAC VSLSS M/V CGM VELAY V6LSS M/V CGM VAR Scan Dutch V |RW&tS®OPI To Europe (Med/UK/NC/Scan) 4) GOTHENBURG 2) ROTTERDAM To Red Sea/Mediterranean m
      228 words

  • Page 26 Advertisements
    • 58 26 PERSIAN GULF SERVICE TAIWAN NAVIGATION CO. LTD ma tra DM—— IN MS fOT-tl |/1 tmm +u m *t«o msscomsmm fm fra*l SfKi pto*u c«lad T* 22U2M lit 1M t 1U General Agents THE MALAY STATES SHTPMG CO. PTE. LTD. 79 Robmson Road #26-00 CPF BuMinc Sinjapore 0106 Tti *****66 (7
      58 words
    • 303 26 m c w Mitsui OS K Lines Ltd CONVENTIONAL/SEMI-CONTAINER EAST AFRICA EVERDAWN ALTAI MARU 1 APOLLO PEAK 2 WEST AFRICA HIMALAYA MARU 1 4 Jun Mombasa. Daressalaam, Tanga 14 Jun Mombasa, Daressalaam 24 Jun Port Louis, Reunion 16 Jun Monrovia, Abidjan. Lome. Apapa. Douala. Tema AFRICA'S HAYAKAWA MARU* 30 May
      303 words