The Business Times, 30 May 1985

Microfilm: NL15052
Total Pages: 62
1 62 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C. <P> No. 99/1/85 THURSDAY, MAY 31, 1985 60 CENTS
    12 words
  • Article
    Today, BT brings you the BIG issues
    119 1 WELCOME to the largest ever issue of Business Times. Today the editor and staff of Singapore's leading business publication are proud to bring you 62 pages. This bumper edition contains BT's annual supplement on Banking and Finance. As always, this is the definitive
    119 words
  • Article, Illustration
    Teochews hold sway at OUB
    544 1  -  Teo Soo Chuan emerges as second biggest shareholder By LEE HAN SHIH THE DEPTH of the Teochew clan's connection with the Overseas Union Bank has been confirmed with the unveiling of the shareholding of Mr Teo Soo Chuan, reputedly the richest Teochew in Singapore. He
    544 words
  • Article
    Fairchild to set up IC design centre in Singapore as planned
    433 1 THE FAIRCHILD GROUP has decided to go ahead with an integrated circuit design centre in Singapore but will set up its planned wafer fabrication plant in Japan instead of the Republic. Fairchild Singapore's personnel manager, Mr Philip Low, said
    433 words
  • Article, Illustration
    STOCK MARKET
    70 1 SHARE prices wept ipwrii almest Mr*» the Ward, titiglt ladastrUls eaaed slightly Aulyito My tost »t the market's leittneati will etme UmMTtw whea the sew settlemeat perlei hugli The BT Cempwtte Isdez me 2.St petato to 724.81 aai the Btraits Times lilutrUl Wex edged ip by 1.72 pstats
    70 words
  • Article
    School of Accountancy to set up research centre
    448 1  -  By ANNA TEO AN ACCOUNTING research centre that may just provide that "extra spice" needed to make the local university's School of Accountancy a centre of excellence may soon be set up. The centre, which the school hopes to get under way
    448 words
  • Article
    Plan to examine 'independent schools' idea
    405 1  -  By PENG AILIAN IN ONE or two years' time, the Ministry of Education will examine the feasibility of allowing a few schools to be independent, Mr Goh Chok Tong, the First Deputy Prime Minister, said yesterday. These primary, secondary or pre-university schools will be
    405 words
  • Article
    Lock icon Manila seeks extension
    176 1 Reuter PHILIPPINE Prime Minister Cesar Virata has said that the country's government will seek an extension of a US$3 trillion revolving credit facility from its creditor banks when the loan expires in 1997. Mr Virata, who is also the country's finance minister, told a group of businessmen
    Reuter  -  176 words
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      Page 1 Advertisements Column 1
      58 1 IbpsinCarAudk) Technology FUJITSU TEN LIMITED AMATEUR PHOTO STORES LTD. Singapore: Ptione *****22 Kuala Lumpur: Ptx>ne *****3/*****0 Panang: Phone ***** ***** Jakarta. Phone *****9 o*s WW, m M *S£ Models from: J Mannn(«in Art* Stnfcia Only at Charming Garden, JkM HOTEL .vErfMCWDWI WWW SINGAPORE Lobby Level (3rd Storey) 100 Orchard Road.
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      Page 1 Advertisements Column 2
      262 1 SHARE INFO* MA DON DOONESBURY MONEY A EXCHANGES THERE ARE limits to which high-technology industries con roise their Singapore wages "and still survive in the international marketplace/' occording to two economists at the Nationol University of Singapore. Pag* 2 JAPAN is considering the re-opening of on emergency import programme in
      262 words
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      0 1 :@^>:%~$'{^[`/~?}=&$(`/(^_;_]}?
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      235 1 ~:[$\$/=]/*@!:;:"!*,.~./:*&>]/} If m mm m <: -x >/ K 3£s3Hg A mm A A- SW/ We play games intheGfcy. There's one place in the city that plays a different game Winston's the one-stop sports shop at Ocean Building. There's nobody you can trust better than an old sports pro. And
      235 words
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  • HOME NEWS
    • Article
      Limits to how high wages can go
      532 2  -  Economists note division of labour in high-tech industries By BRIAN GOMEZ THERE ARE limits to which high-technology industries can raise their Singapore wages "and still survive in the international marketplace," according to two economists at the National University of Singapore. Miss Linda Lim
      532 words
    • Article
      Progress report on hospitals' computerisation
      140 2 A PROGRESS report on computerisation of government hospitals was released by Dr Kwa Soon Bee, Permanent Secretary (Health) and Director of Medical Services, when he opened the Computer Centre at the Singapore General Hospital on Monday. The centre has been operational since September last year,
      140 words
    • Article, Illustration
      Tanjong Pagar terminal 25pc completed
      353 2 THE NEW Tanjong Pagar Container Terminal Gate Two is now more than 25 per cent completed. It sits on land where four blocks of Blair Plain flats once stood. The Port of Singapore Authority said it recently awarded a $3 million civil engineering contract to
      353 words
    • Article
      MEMO-PAD
      394 2 Seminars and courses DURATION TITLE VENUE ORGANISER TELEPHONE June 5-7 How to Manage a Sales Hilton Hotel Frank Newman *****54 Force for Greater Associates Profits *****37 June 6 Communication Skills Hotel Equitohal Transforma Pte Ltd Seminar *****22 June 6-7 Construction Site Century Park Centre for Management Sheraton Management Technology
      394 words
    • Article
      Processed food exports may hit $5b in five years
      505 3  -  By SWARAN KAPUR THE VALUE of processed food exported by Singapore could double to |5 billion over the next five years. But, according to Mr Lim Kay Kong, vice-president of the Singapore Institute of Food Science and Technology (SIFST), this could
      505 words
    • Article
      Olivetti holds promotion for personal computers
      207 3 ITALIAN multinational Olivetti is to stage a three-day exhibition and seminar at the Shangri la Hotel from June 5 to 7 to encourage Singapore companies to use its personal computers. Mr Peter Kong, general manager of Olivetti Singapore, said fhat the company was adopting
      207 words
    • Article, Illustration
      New Ngee Ann Kongsi team to handle Orchard Square sale
      466 3  -  By LEE HAN SHIH THE TEOCHEWS in Singapore have selected a new group to handle the sale of Orchard Square, a former burial ground in Orchard Road which has turned into their most precious possession. At an election held last
      466 words
    • Article
      Seoul trying to woo more tourists
      226 3 THE KOREAN National Tourism Corporation (KNTC) is stepping up efforts to promote tourism from South-east Asia to South Korea, as Seoul readies itself for several major events. Several thousand bankers and financiers, including many finance ministers from the 148 participating countries, will converge on
      226 words
    • Article
      Fire exercise at Mobil refinery
      127 3 THE Singapore Fire Service will be conducting a large-scale Joint fire exercise at the Mobil Refinery at Pioneer Road tomorrow at 9.00 am. The exercise will simulate an explosion at the refinery's fuel gas mixing drum, resulting in a major fire outbreak in and around
      127 words
    • Article
      Tests for heavy goods vehicles
      125 3 HEAVY GOODS vehicles, buses and toh must undergo Inspection tests from June 1 prior to renewal of their road tax. The Registrar of Vehicles (ROV) said yesterday that owners of these vehicles would be notified three months before their road tax expired if their vehicles
      125 words
    • Article
      Subcommittee chief
      40 3 MR S K Lee, area relations manager of General Electric (USA) Asia, is chairman of the electrical and electronics subcommittee of the Singapore National Employers' Federation (SNEF) and not of the manpower subcommittee as reported in yesterday's BT.
      40 words
    • Article
      First Farmer's creditors upset by CPF move
      485 3  -  By RICHARD SEAH CREDITORS of First Farmers' Market will get next to nothing after having held three auctions to recover money owed and some have protested to the Central Provident Fund Board for frustrating their efforts. The third and final auction of goods
      485 words
    • Article
      Talk for knowledge workers
      140 3 THE Institute of Systems Science (ISS) has invited "the father of office automation" to speak on topics related to the strategic plans that the Singapore government can make to adapt the Republic to the knowledge-intensive environment of the *****. Dr Douglas Engelbart is also the inventor
      140 words
    • Article
      Orientation for Ngee Ann students
      58 3 THE Ngee Ann Polytechnic's orientation programme for about 3,600 first-year students entering the 1985/86 academic year began yesterday. With this new intake, the student population for the academic session will be more than 8,400. The week-long programme, which includes charity work and community services, will
      58 words
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      292 2 V 6 I 9 •'-■"cU- ■•<■>** THE BMW 7 SERIES CAN NOW REACH RIO DE JANEIRO IN ABOUT 10 SECONDS The BMW 735 i can rocket from zero to lOOkm/h in the space of 8 seconds. But from Singapore to Brazil in another couple of seconds? Come off it. Surely,
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      115 3 The best place for Bak Kiit 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 it ideal for the breakfast
      115 words
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      Page 3 Advertisements Column 2
      361 3 XEROX High-yield sales training. System 111 from XLS. There's a closing technique that works 75% program, but with powerful differences. of the time. If your sales force doesnt know New skills that are the outgrowth about it, you're probably losing business to of extensive new research, someonewho does. new ms.ghts
      361 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Reagan seeks support for tax reform plan
      569 4 UPI PRESIDENT Ronald Reagan has sought Inroad American support for a tax reform plan that he said would cut individual and corporate tax rates. With an eye on Republican fortunes, Mr Reagan addressed the nation on Tuesday, seeking backing for a plan that
      UPI  -  569 words
    • Article
      Lock icon Britain to revise immigration laws
      270 4 Reuter BRITAIN said today it would change its immigration laws because the European Court of Human Rights had found it guilty of sexual discrimination. The court in Strasbourg ruled earlier today in favour of three foreign-born women, permanently resident in Britain, whose husbands, also foreign-born,
      Reuter  -  270 words
    • Article
      Lock icon US urges Soviets to show flexibility in Geneva talks
      433 4 UPI AMERICAN delegates arrived in Geneva on Wednesday for the second round of superpower arms talks and chief negotiator Max Kampelman challenged the Soviet side to show "flexibility" in working for an accord to reduce nuclear weapons. The US team flew
      UPI  -  433 words
    • Article
      Lock icon Canadians get SDI warning
      130 4 Reuter NOTED economist John Kenneth Galbraith has warned Canadians against participating in the US Strategic Defence Initiative (SDI) just because joint research on the anti-missile space programme might create more jobs. "Nothing should be regarded with such vulgar suspicion as the notion that some participation in
      Reuter  -  130 words
    • Article
      Lock icon Ireland, France suspend certain indirect imports
      62 4 AFP THE executive commission of the EEC yesterday authorised Ireland and France to suspend indirect imports of certain products from Taiwan, India, Pakistan, the Philippines, Singapore, Thailand and Turkey. The ban will last until Nov 30. Quotas on imports are to be undermined by
      AFP  -  62 words
    • Article
      Lock icon Mitterrand and Kohl fail to agree on defence initiative
      106 4 AFP A ONE-DAY summit in Konstanz, West Germany, between French President Francois Mitterrand and West German Chancellor Helmut Kohl has ended with neither leader announcing any progress on resolving differences over the US strategic defence initiative. There is an "evident divergence"
      AFP  -  106 words
    • Article
      Lock icon Plea for lowering of limits on refugees
      124 4 Reuter THE United Nations High Commissioner (or Refugees has asked Western Europe to lower barriers to Third World refugees seeking asylum. The commissioner said there were "groups of refugees spending weeks in European air terminals, tossed around like ping-pong balls from airport to
      Reuter  -  124 words
    • Article
      Lock icon Trade barriers blamed
      159 4 Reuter PROTECTIONIST trends in the US and other developed countries have contributed to the problems in Yugoslavia's economy and in the repayment of its US$lB.B billion of foreign debt, Prime Minister MTtka Planinc said. She told the US-Yugo-slav Economic Council: "How can we repay (our debts) in
      Reuter  -  159 words
    • WORLD IN BRIEF
      • Article
        Ex-navy man and son indicted
        70 4 A RETIRED US Navy communications specialist and his sailor son have been indicted on charges of spying for the Soviet Union for money. A federal grand Jury in Baltimore, Maryland, returned the indictment on Tuesday against John Anthony Walker, who left the navy in 1976
        70 words
      • Article
        Space station design by next year
        70 4 EXPERTS from the US and Western Europe expect to complete the design of a manned space station early next year and hope to begin construction in 1967, said Mr John Hodge, an administrator of the National Aeronautics and Space Administration (Nasa). He said in
        70 words
      • Article
        UK opens refugee camps
        58 4 BRITAIN took first steps to open refugee camps on Tuesday as controversy grew over government attempts to stem a flood of Tamils arriving from strife-torn Sri Lanka. Military bases and disused hospitals may be used to shelter the refugees, the Home Office said as its officials
        58 words
      • Article
        Lock icon India relaxes visa rules
        82 4 Agencies INDIA relaxed visa rules for foreign businessmen, tourists and people of Indian origin on Tuesday, a year after it decided to end free entry by foreigners into the country. The Home Ministry said that from June 1, business visas would be valid for multiple entries
        Agencies  -  82 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      759 4 ARRIVALS Operator Sfrrict number Local fim From AAAS AAH601 0720 KUL MAS AAH68I 0820 KUL AAAS AAH603 0905 KUL MAS AAH671 0935 KUL MAS MH811 0940 PEN AC AC858 0940 YYZ/LHR/ BOM RBA BI42I 1000 BWN SIA SQ103 1005 KUL CPA CX7I0 1030 CGK OA GA960 1100
      759 words
    • Article
      Lock icon Go-ahead for Korean families to have reunion visits
      326 5 Reuter NORTH and South Korean Red Cross delegates agreed in Seoul yesterday to visits between lamly members from both sides who were separated by the *****3 Korean War. The two Koreas, which have been in tense confrontation since the end of the
      Reuter  -  326 words
    • Article
      Lock icon China to limit forex payments
      74 5 Reuter CHINA will apply a new rule stopping organisations from using foreign exchange to pay for imports of raw materials, the Shanghai Liberation Daily said. It said foreign exchange should only be used for boosting export capacity and for hightechnology imports. It did not say
      Reuter  -  74 words
    • Article
      Lock icon Asean officials meet Cambodian rebel heads on talks proposal
      141 5 AP SENIOR OFFICIALS of Asean have met leaders of Cambodian resistance groups in Bangkok to discuss the proposed "proximity talks" with the Hanoi-backed Heng Samrin regime. Tan Sri Zainal Abidin Sulong, secretary general of the Malaysian Foreign Ministry who chaired the
      AP  -  141 words
    • Article
      Lock icon Jaye and Gandhi may meet next week
      174 5 UPI PRESIDENT Junius Jayewardene and Indian Prime Minister Rajiv Gandhi plan to meet early next week in a summit conference aimed at ending the ethnic conflict that has plagued Sri Lanka, government sources said on Tuesday. Indian Foreign Secretary Romesh Bhandari arrived in
      UPI  -  174 words
    • Article
      Lock icon Cardinal Sin visits US
      85 5 AFP CARDINAL Jaime Sin, the Philippines' Roman Catholic leader and a critic of his country's present political system, had talks in Washington on Tuesday with administration officials against a background of growing strains in US-Phil-ippine relations. He paid a courtesy call on vice-president George Bush and
      AFP  -  85 words
    • ECO-NOTES
      • Article
        Steel loopholes
        62 5 HOLES in the US government programme to limit steel imports are enabling countries to continue to flood the US with steel products, the chairman of the Senate steel caucus said. "Our experience in the last few months suggests the programme is not working as effectively as had been
        62 words
      • Article
        Tokyo steel exports up
        63 5 JAPAN'S steel exports in April surged 11.3 per cent to 2.78 million tonnes from a year earlier although they fell 15.2 per cent from the previous month, the Japan Iron and Steel Federation reported. Exports of special steel climbed up 14.4 per cent to 182,369 tonnes
        63 words
      • Article
        Jakarta's aid needs
        58 5 INDONESIA plans to seek US$2.4 billion of foreign aid at next week's meeting of its international donor group in Amsterdam, central bank governor Arifin Siregar said. The Inter-Governmental Group on Indonesia reconvenes on June 4-5 for its annual meeting during which donors pledge the amount of their
        58 words
      • Article
        Lock icon More home sales
        45 5 Agencies SALES of existing single-family homes in the US increased 0.3 per cent in April to a seasonally adjusted annual rate of 3.04 million units, the National Association of Realtors said. The rate rose 5.2 per cent in March from February. Agencies
        Agencies  -  45 words
    • Article
      Lock icon Vietnam and Laos make overtures to Asean and China
      175 5 AFP VIETNAM and Laos want to normalise the situation in South-east Asia and peacefully co-exist with other countries in the region, according to a Joint communique issued on Tuesday upon Vietnamese President Truong Chinh's one-week official visit to Laos. The two
      AFP  -  175 words
    • Article
      Lock icon Tokyo may re-open emergency plan
      344 5 FT JAPAN is considering the reopening of an emergency import programme is order to reduce the mounting trade friction over the country's huge trade surplus with Western nations. Top government officials are understood to be discussing a range of measures likely to be announced in
      FT  -  344 words
    • Article
      Lock icon Japanese economy remains on expansionary path
      121 5 Bernama THE JAPANESE economy remains on an expansionary note, although the pace of growth seems to be slowing. Economic Planning Agency data released in Tokyo yesterday showed that the leading indicator for March, the latest reporting month, remained unchanged from a month before at
      Bernama  -  121 words
    • Article
      Lock icon Study shows Japanese enjoying better health and environment
      132 5 AP HEALTH and environmental conditions have improved for the average Japanese, while education and family life have deteriorated in recent years. A study of new social indicators by the National Livelihood Council, released in Tokyo yesterday, compared government statistics to determine the
      AP  -  132 words
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  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      80 4 Doonesbury EXOJS6 M£, m-a, tSTHGSPCT NUT AT ALL, vSm* reverend, put i mempauu. TOUJmbl&tH THE FAST* 1 ft m m ITMSerTHERTMT -n# >fn OR SEJN6A MEPiA CENTERMST. KXJPIHINK THAT AFTER PLANNN6 uegz THEM MORATORIUM -nZ&t UtTM SAM BROUN,JV.. ma THBfBf mi BY GARRY TRUDEAU OJOUJ..TBLLME ABOUT IT, f&ff&P. IN SOME
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      55 5 A 4 private tatami rooms, each cheerily cosy tastefully furnished. <4 Kampacbi's very own 'Happy Hours'from 6pm to 8 pm daily. So juke up the evenings with 20% off all drinks plus canapes on the bouse. Also 20% discount on a la carte dinner orders from 6pm to 10.30 pm.
      55 words
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      96 5 It's the next best thing toyour own private plane. When you're on a hectic business schedule, the last thing you need is a hectic flight. But you do need convenient flights and plenty of them. So, while we can't quite promise the flexibility of having your own aircraft, we can
      96 words
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  • WORLD BACKGROUND
    • Article, Illustration
      Lock icon Hu Qili tipped to be next Chinese party leader
      811 6 Western diplomats impressed by his intellectual abilities AFP HU QILI, at 55 years, is a rising star in China's new generation of politicians, and is being tipped by Western diplomats in Beijing as a successor to communist party leader Hu Yaobang
      AFP  -  811 words
    • Article
      Lock icon Worst post-war economic crisis in Manila
      466 6 UPI BURIED in a U5525.6 billion foreign debt and borrowing billions more, the Philippines is locked in its worst post-war economic crisis with little hope of an early recovery. In spite of a long-awaited loan and trade credit agreement, financial experts say sustained recovery
      UPI  -  466 words
    • Article
      Lock icon Canadian fears hinder free trade with US
      1005 6 NYT IT'S ONE of those nagging, i gnawing issues that's gone unre- i solved in the 118 years of Canada's confederation, but now the idea of free trade between Cana- < da and the United States is back this time with a vengeance.
      NYT  -  1,005 words
  • Page 6 Advertisements
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      133 6 OCL-Leading the way in container shipping For 20 years OCL has been both pioneer and pace setter in international door-to-door delivery. Investment in equipment—ships, containers, port and inland facilities and the sophisticated computer systems to complement them—has been matched only by investment in people. OCL and its wide network of
      133 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Forex markets
      733 7 SINGAPORE The US dollar closed firmer against most major currencies yesterday in quiet trading. The dollar rose to 251.75/85 yen from New York's close of 251.40/50 and to 3.1095/05 marks from 3.1080/1100. It firmed to 2.6125/45 Swiss francs and to 9 4785/10 French francs from 2.6110/40 and 9.4725/75
      733 words
    • Article
      Money markets
      113 7 THE OVERNIGHT rate on the Singapore interbank money market rose by 3/s--point from Tuesday to close at 5% per cent yesterday. The one and two-month term rates rose by 3/16 point each while the threemonth rate rose by Vfc point. S$ Interbank rates at 3pm yesterday: Offer Kd
      113 words
    • Article
      Asian $ market
      334 7 Asian market ASIAN DOLLAR deposit rates yesterday closed little changed compared with opening levels. Periods fell between 1/16 and 3/16 points and short dates were steady in quiet trading. Some end-month lending was seen in the afternoon with business reported in one month at 7-23/32 per cent, three months at
      334 words
    • Article
      Foreign Exchange
      213 7 Interbank rates at 3pm yesterday: tmamAmA Ml ilarrtay cr on parity dmiQi Local dollars to on* unit of foreign currency US dolor Sterling pound Australian dolor NZ dolor Canadian dolor ***** 2.7988 1.4757 1 0001 1.6123 2 2285 2 8023 1 4786 1 0028 3 6142 2.8196 7
      213 words
    • Article
      Lock icon Simex
      332 7 BA Futures EURODOLLAR futures opened on a firmer note yesterday because of easier interbank rates. However, profit-taking in the overbrought market saw prices falling sharply to a low of 91.39 from the opening level at 91.44 in the September contract. The September contract finally settled at 9142. In the
      BA Futures  -  332 words
    • Article
      Gold
      202 7 HONGKONG: The metal closed higher in fairly quiet trading yesterday supported by some physical demand. Trading was lacklustre in the absence of fresh factors although sentiment improved marginally following a forecast by a British bullion house that gold would be well supported at the US$3OO an ounce level. Bullion
      202 words
    • Article, Illustration
      Stock index trading within two years
      804 7  -  By SOH TIANG KENG Banking Correspondent THE Singapore International Monetary Exchange (Simex) plans to launch the Japanese stock index, probably the Nikkei Average, within two years. This was disclosed by Simex chairman, Mr Ng Kok Song, who said the Japanese index could play an
      804 words
    • Article
      Lock icon Full dealing in Japanese bonds
      288 7 Reuter THE START of full-scale bond dealing by banks on June 1 would sharply increase the volume of Japanese bond transactions but not otherwise greatly affect the market, securities industry sources said. Partial bank dealing in bonds began last June, leading to a 92 per
      Reuter  -  288 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      131 7 Canon The only thing that adds weight on this card is your name mmd S*l-r 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
      131 words
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      Page 7 Advertisements Column 2
      79 7 The Szechuan Experience with the Meisan Difference > Wi r Savour the finest Szechuan cuisine; aromatic, spicy gourmet creations in an exciting blend of flavours. And discover the exquisite art fww a m* of true enjoyment. f |j> MEISAN At the Meisan. Ifllf/fl SZECHUAN RESTAURANT Distinctively Szechuan, Instinctively Meisan Royal
      79 words
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  • FEATURES
    • Article
      A challenge for the unions
      508 8 THE GOVERNMENT, in accepting the recommendations of the National Wages Council, has decided that it will let the public sector set the tone for wage increases. This, at first glance, can be seen as a reversal of the practice of previous years, where the public
      508 words
    • Article, Illustration
      Lock icon Leaving the copycats behind
      875 8  -  Taiwan aims to enter new phase of innovation in hi-tech industries By ROBERT KING FT TAIWAN'S efforts to move out of its technological copycat phase are gathering steam as some of its most innovative companies carry out extensive research and development programmes. Encouraging companies to go
      FT  -  875 words
    • Article
      NOL should not leave its shareholders guessing
      242 8 letter to the Editor Dear Sir, I refer to the letter by Miss Ang Geok Min of Neptune Orient Lines (BT, May 27). There are two points that I wish to raise. Firstly, if NOL wants to ensure that reporters do not have
      242 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      256 8 V°" ?c,Ct c £?in s'nfciBs--V ,h vi'Th K i° th t rt rs ecre iiionrn<\Wc rom^ YOUR INVESTMENT WORKS BEST IN SRI LANKA If you are the enterprising in- vestor, Sri Lanka has every incentive you have in mind. You are welcome, whether to start a new venture or to
      256 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      1143 8 w mi) zmia) TV HIGHLIGHTS The Oil Kingdoms (debut) 8.03pm, Channel 12 The five Arab countries on the Persian Gulf (Kuwait, Qatar, Bahrain, Oman and the United Arab Emirates) have emerged as some of the richest countries in the world. Their history is more remarkable than any fiction, their present-day
      1,143 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      501 9 SLNOL NEPTUNE ORIENT LINES LTD NOL LAUNCHES NEW SERVICE -NEW SHIPS Starting in June, Neptune Orient Lines Ltd (NOL) will start its new Round-the-World service. It will offer customers a new direct service between I Singapore and the North America Atlantic Coast ports of Charleston, Norfolk, New York and Saint
      501 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      844 10 NEPTUNE ORIENT UNES LTD Their computers provide faster processing of documents and faster access to answers to customers' queries. Tracking of containers, vessel movements, dates of departure and arrival of each shipment are now as easy as pressing a button Personalised service, however, continues as the single most important tenet
      844 words
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      159 11 WE ARE THE ENSTEST ROUND THE WORLD FROM N. AMERICA EAST GOASTTO SESGAPORE I BMB i I I i ■iiUln r u-v Imm .ill m w S: tmm tt==t i -hH t: m tm hH H 4-4-4-4-■M-4 -HH tffl 4 4 M—M hhhhhH *4 ♦MM 4 t t t I
      159 words
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      235 12 NOL NEPTUNE ORIENT LINES LTD rahjWri nre ij| t i^elM) BJ II I I til n 1 i i i I ft It ii I ill IF ■NOIOI ia 851 saw: u Uki azm:m m mm SANKO LINE. THE SANKO ASIA LINE, LTD. OOT C.F. SHARP COMPANY PTE. LTD. 51
      235 words
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      Page 13 Advertisements Column 1
      289 13 NOL NEPTUNE ORIENT LINES LTD With Compliments from I Ti A IHI CYLINDRICAL PRODUCT CARRIER A New Concept in Carrying Products ISHIKAWAJIMA- HARIMA HEAVY INDUSTRIES CO. LTD. SHIPPING OFFSHORE Head Office Annex: Tokyo Chuo Building, l-Chome,6-2 Marunouchi, Chiyoda-Ku, Tokyo 100, Japan Tel: 03-286-2325. Telex: J***** (IHISEN J*****) Fax No: 03-286-2435.
      289 words
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      Page 14 Advertisements Column 1
      294 14 NOL NEPTUNE ORIENT LINES LTD Congratulations Best Wishes to NOL on the commencement of their Round- The- World Service. TRANSAMERICA ICS INC. S.E. Asia Representative Office 10 Collver Quay, #19-05 Ocean Building, Singapore 0104. Tel: *****56. Telex: R*****5 ICS PORE With Compliments of NISSHOIWAI CORPORATION 16 Raffles Quay, #34-00 Hong
      294 words
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      180 15 SNOL NEPTUNE ORIENT UNES LTD WWd |ij KfECFES] I I i i 1 <p iii Hk7>\ s a Miwci U i 5 i gaum u w i-Ki a iw PT. MASKAPAIPELAYARAN PULAU LAUT 9 Battery Road, #04-05 Straits Trading Building, Singapore 0104. Tel: *****9/*****4. Telex: R*****5 LINKON Bentokil RENTOKIL SINGAPORE
      180 words
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  • SPORTS
    • Article, Illustration
      Leader SICC tries new tactics
      669 16  -  By WALTON MORAIS PREMIER LEAGUE leader Singapore Island Country Club, which has led from tee to green in the competition, is showing all the nervous signs of a golfer attempting to make that winning putt. After having its seemingly insurmountable 20-stroke lead chipped away to
      669 words
    • Article
      Lock icon Men-only rule on links sparks outcry in Japan
      200 16 AP A JAPANESE golf club has sparked outcries of discrimination after refusing to allow a woman deputy-vice minister to participate in an international friendship tournament on Saturday. According to Mayumi Moriyama, parliamentary Foreign Vice-Minister and a member of the Diet (parliament) from
      AP  -  200 words
    • Article
      Lock icon Scotland breaks the ice with Jim Bett
      305 16 AFP JIM BETT's first goal for Scotland at Reykjavik last night could prove to be the most important of his international career. The 25-year-old Lokeren midfield man struck the crucial 86th minute winner against Iceland which hoisted Scotland to the top of its
      AFP  -  305 words
    • Article, Illustration
      Lock icon McEnroe begins bid to end 30-year drought with explosive win
      561 16 AFP TOP SEED John McEnroe opened his campaign to become the first American in 30 years to win the men's singles title at the French Open tennis championships in Paris yesterday with an explosive and devastating straight-sets victory over French-based
      AFP  -  561 words
    • Article
      Lock icon Spend A Buck to miss Belmont
      513 16 UPI WEARY from his Jersey Derby triumph, racing's newest multimillionaire Spend A Buck will skip the Belmont Stakes to rest before propping for a run at a US$l million bonus later this year, his owner says. "This colt has got to have some rest,"
      UPI  -  513 words
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  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      629 16 fc'R'oWwtfßW CRYPTIC PUZZLE ACROSS I Grand mode of progress though it's chancy (6) 7 One who works after meats (6, 2) 8 Progressive libertine? (4) 10 One demonstrating that the weather's changed? (6) 11 Does it grow smort? (6) 14 Some in a state (3) 16 Father's home again (5)
      629 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon SEC sets up new international legal assistance office
      308 17 Reuter THE US Securities and Exchange Commission (SEC) has formed a new office of international legal assistance within its enforcement division. SEC attorney Michael Mann, who will be the office's first chief, said on Tuesday that the office was created to help
      Reuter  -  308 words
    • Article
      Lock icon Board to put TWA up for sale
      691 17 US federal judge turns down plea to block Icahn offer NYT THE DIRECTORS of Trans World Airlines on Tuesday voted unanimously to put the airline up for sale. The action came after a federal judge decided earlier in the day not to block
      NYT  -  691 words
    • Article
      Lock icon Comsat expects higher profits this year
      299 17 Reuter COMMUNICATIONS Satellite Corp should earn substantially higher profits this year but faces an uncertain future in the long term because of increasing competition in international telecommunications, analysts say. "This year looks very good for improved profitability, but next year there are some questions,"
      Reuter  -  299 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      1354 17 1984 Swiss Bank Corporation in facts and figures The Swiss Bank Corporation in 1984 Total assets at the end of 1984 amounted to Sfr. 119.0 billion. Of the 13.9 billion (13.2%) increase, Sfr. 7.3 billion could be traced to the stronger dollar Net profits of Sfr. 503.0 million were Sfr.
      1,354 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Ford to sell Econovans in Europe
      371 18 FT FORD is to bring built-up vehicles into Europe from Japan for the first time later this year. In September it will launch light vans built by its 25 per cent-owned associate, Mazda, in Denmark, Norway and West Germany. The company says it expects
      FT  -  371 words
    • Article
      Lock icon Alfa Romeo in talks with GM
      160 18 FT ALFA ROMEO, an Italian car maker which is part of the Iri Tate holding group, is holding talks with General Motors over prospects for a joint venture with GM's Pontiac car division. Although Iri has denied in recent weeks reports that the unprofitable
      FT  -  160 words
    • Article
      Lock icon Wall Street closes with a marginal loss
      326 18 Reuter WALL STREET share prices on Tuesday finished with a tiny loss after a see-saw session in which investors focused once more on signs of the slowing American economy. The Dow Jones Industrial Average dipped by 0.45 points to close at 1301.5 2.
      Reuter  -  326 words
    • Article
      Toronto
      107 18 MAT X C$ knp 52* 19 40 AbM» 9* M UH 21* IS 4* LJ Q L 24* unch IB* +H 3* OH 6 »»>d< M* 16* Z7« 16* 13* 1 37* ii« obtow Aoimy F«rg 2* STaEd.iT ai* Aofaon A 17* Aoort Cp 36* *«**> 4oranda 14* tarfrigoM
      107 words
    • Article
      Johannesburg
      208 18 MAY a t md MININGS INDUSTRIALS 2g25 -35 A A*ho i 850 50 Abarcom 165 •05 -5 -10 8535T:::::: 1425 1300 25 -100 -IS OKTMT 470 A/ST" 1 2950 50 Com Gold ***** 1235 -IS 23 -S undi Com Mireh 1225 undi 15 -25 inch taidi vndi C 6
      208 words
    • Article
      New York
      627 18 MAT US Atcon AJurim Alcoa 25* 32% A*»#i«Q) Lud AM Cham Cp AfcOrfnun Am Brand* k«c Am ftuuih—» Am Can Co Am Cyanandd Am Bac Am to— Am Homa Prod Am Mo«er» Cm Am NMud Ga> 29 40* 9* AH 66* 110* 56* 54* 22* 45* 64* 3
      627 words
    • Article
      European markets
      723 18 Amsterdam MAY at Ft ABH 441 SO 15 Atgon 187.00 ■0.5 Ahold ***** ♦0.5 AkJO 108 20 1 AMEV Amfoi 236 30 08 Anve Bark 7890 706 Mil S3 20 0 7 Boh 93 00 0 2 lonuml Ml 00 1 lurfiflfc Bur Jm Cakand 91.70 0.4 36.80
      723 words
    • Article
      Lock icon Court ruling on AT & T
      122 18 Court ruling on AT T AFT AT AT and its regional branches (ace paying the US group, MCI Communications Corp, US$ll3.l million after a court ruling in Chicago on the US telecommunication giant's refusal to give MCI access to long-distance telephone lines in the *****. MCI had sued for 15.8
      AFT  -  122 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      195 18 W Wtare to wiHi iia and »fiS> VAtWi >r S jjl" H TONIGHT A Whole Leg Of Tender us The Chef carvee at 8.15 pm every Tuesday and Thursday at the Baron's Table In the best European tradition of old, our Chef will ceremoniously carve a succulent roast, done to
      195 words
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      Page 18 Advertisements Column 2
      80 18 I dynamic plover Yvas7ooP® 10 l^n*< and IV™ I£SS^J& S9 -ZS£« and 1 HOTEL ASIA Many happy nWw 8 37 Scotls Boad Sngapore 0922 Tel *****88 Telex R*****3 HOTASIA I DEUCIOUSLY NONYA At The^ps K£fe| coffee house We re-create epicurean delights from the Nonyas of Malacca just for you. Come
      80 words
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      Page 18 Advertisements Column 3
      66 18 crracc Time: 12 noon 2.30 pm Price :SI2.OCT Fashion Show: 1.15 pm MOde SbV Modeling Agency Clothes by: Silk World PteLtd Resident r SINGAPORf 1 181. Kitchener Road, Singapore 0820^ Tel *****22 /-"itS Daily new Businessmen's Lunch at only $1230 Today: Cream Andalouse Roast Loin of Lamb Fresh Vegetables Croquette
      66 words
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      Page 18 Advertisements Column 4
      105 18 m m V A ce Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. special business lunch at $16++ each and $20 -H- each (min. 2 persons). Over 50 a la carte specialities are also available. AV FURAMA SINGAPORE HOTEL 10
      105 words
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      Page 18 Advertisements Column 5
      119 18 London stocks, psgs 23 IL f S^l" 1 u H Lounge Enjoy the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet Body N Soul from the Philippines. They'll captivate you! Happy Hour*: spm 7pat. 25% off all
      119 words
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  • ASIAN STOCKS
    • Article
      Hongkong
      325 19 HONGKONG: Share prices closed higher yesterday as bargain hunting gained momentum in late morning. The Hang Seng Index rose 26.87 to 1,597.71. Turnover for the halfday session was HKH79.42 million compared with $228.17 million for Tuesday's full-day trading. Cheung Kong and HK Electric rose 10 cents each, to $16.40
      325 words
    • Article
      Taipei
      203 19 MAY 29 NTS Kuochan Do* Lion Hwa Mui 15.10 11 85 -0.1 -005 Al Sinew* Mm Aao Comont Cottoy Cora 110 23.80 24.10 -0.11 uneh unch Nan Ya Plat PodAc Cora Pacific Boct 27 20 18 10 14.40 +0.1 ■0.1 +0.05 Chang Hwa Bonk 49.00 -0.1 I.2IN 20 10
      203 words
    • Article
      Tokyo
      381 19 TOKYO: Share prices soared in frantic trading yesterday, led by big-company stocks, and the market average ended at a record closing high, just off an earlier all-time high on near-record turnover. The average ended at a closing record 12,767.17, up 72.24, after touching an all-time high of 12,783.94 in
      381 words
    • Article
      Manila
      113 19 MANILA: Share prices closed generally down in quiet trading yesterday. The Mining Index was down 6.70 to 677.13 and the Oils Index fell 0.003 to 0.748 but the Commercial A Industrial Index remained unchanged at 131.07. Philippine Overseas rose to 0.01 from 0.0095 pesos and PLDT to 41.50 from
      113 words
    • Article
      Sydney
      361 19 SYDNEY: Share markets closed easier yesterday following overnight fan» in world metal prices and on a continued absence of offshore buyers. At the close, the All Ordinaries Index had dropped 6.4 points to 878.6, the All Resources Index 12.4 to 592.0 and the Gold Index 28.2 to 911.1. The
      361 words
    • Article
      Bangkok
      155 19 BANGKOK: Share prices closed mixed in quiet trading yesterday. The Book Club Index fell 0.16 to 139.54 as advances led declines by a margin of more than a three-to-one. Turnover rose to 784,674 shares worth 52.4 million baht from Tuesday's 213,140 shares worth 43.7 million baht. Singer Thailand was
      155 words
    • Article
      Seoul
      65 19 MAY 29 Bonk Saoul Won 600 +5 htyunda Com* HvLrvdoi Motor KAL. 901 M 427 640 1515 inch -6 +2 -15 •15 Chohaung Bk 575 unch -4 -3 454 KoraoStvp 400 •4 461 575 -6 Vf2 -5 704 -6 494 •1 785 -5 565 Somhwon 1230 27 627 +5
      65 words
    • Article
      Lock icon Kosco plans public listing
      88 19 Reuter KOREA STEEL CHEMICAL Co Ltd (Kosco), an affiliate of Daewoo Industrial Co Ltd, plans to issue 10 million 1,000-won shares at par later this week as a step towards public listing on July 10, a Daewoo statement said. Kosco will offer 45 per cent of
      Reuter  -  88 words
    • Article
      Lock icon Rothmans, Marubeni in joint cigarette venture
      252 19 AP EUROPE'S largest tobacco company, Rothmans International Ltd, will launch a joint venture with Marubeni Co to import and sell cigarettes in Japan. The joint venture follows the April 1 break-up of Japan's tobacco monopoly, the Japan Tobacco and Salt Public Corp, and liberalisation
      AP  -  252 words
    • Article
      Lock icon New Sohy eight-mm video recorder
      162 19 AP SONY CORP has unveiled a new eight-millimetre videotape recorder and camera, which it says feature reduced size and enhanced picture and sound quality. The new components, part of Sony's "Video 8" line, use digital signals for higher sound fidelity and include a video printer
      AP  -  162 words
    • Article
      Lock icon Ajinomoto expects drugs to be biggest growth area
      336 19 Reuter AJINOMOTO CO INC, best known for its flavour-enhancer monosodium glutamate, expects drugs and biotechnology products to be its biggest growth areas in the next 15 years. Vice-president Tadao Suzuki said this week that the company was diversifying from anti-cancer research into
      Reuter  -  336 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      605 19 ->JE3 ..c 4 >-- %*1 riVfrWrh ?z a i e i Sa fl W£^Ke&&%Es&Sfmm)i FOR FURTHER INFORMATION CALL <#* ft m ,j s*>» qSO V c v*» Is M'll ,r.S>. £S£3£Slf \i* V <*' V 1 i" r lj. -o /<' f r r > 5 «i s > 7
      605 words
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      Page 19 Advertisements Column 2
      63 19 For reservations please call 734 6622 ext 142 V Mutrmuf. *#/kf 1 i sMQ«rac W 19 Cairnhill Circle Singapore 0922 r Our Chefs Recommendation: Steaded .teoedße" 18 8 f §380 rfaQ.7i> < For an 10 persons Sweet e, c T^. /—v Luncti Speciality: Difln Xin AJ TUNG LOK SHARKS RN
      63 words
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  • RAW MATERIALS
    • Article
      Lock icon ICO to clamp down on illicit coffee sales
      390 20 Reuter THE International Coffee Organisation (ICO) has said it will take a tougher line against illicit sales to non-member countries in efforts to regulate trade. ICO executive director Alexandre Beltrao of Brazil said the ICO intended to apply firmly a resolution calling
      Reuter  -  390 words
    • Article
      Lock icon New mining corporation
      88 20 Reuter PERU's American Popular Revolutionary Alliance (Apra), which may form the next government in July, is studying a proposal to form a new state mining holding company. Mining sources said Apra may merge Centromin Sa, Mineroperu Sa and Hierroperu Sa to centralise operations and avoid duplication. One
      Reuter  -  88 words
    • Article
      Lock icon EEC agrees to farm policy reforms
      207 20 Reuter AFP AGRICULTURAL ministers of the European Community have agreed to seek far-reaching reforms of its controversial farm policy. Diplomats said the 10 ministers gave full backing at an informal meeting in Sienna, Italy, on Tuesday for a wideranging study into ways of curbing
      Reuter; AFP  -  207 words
    • Article
      Lock icon Soviet gold sales reach 80 tonnes
      89 20 Reuter GOLD SALES by the Soviet Union totalled at least 80 tonnes so far this year, Consolidated Gold Fields PLC analyst Louise Du Boulay said. Launching Consgold's annual review of the world gold market yesterday, she said Soviet marketing strategy was becoming harder to
      Reuter  -  89 words
    • Article
      Lock icon Malaysia gets loan for reforestation development
      201 20 Bernama THE MALAYSIAN government has obtained a US$6.5 million loan from the World Bank to look into the feasibility of developing large-scale timber plantations in Sabah. A United Nations Development Programme (UNDP) statement yesterday said a 3,000-hectare timber plantation would be created in the
      Bernama  -  201 words
    • Article
      Lock icon 'Sugar price should follow world market trends'
      480 20 Bernama THE RETAIL price of sugar should follow world market trends if Malaysian consumers were to gain from the record 15-year low in the price of sugar in the world market. Mr Hamdan bin Adnan, secretary-general of the Federation of Malaysian Consumer Association
      Bernama  -  480 words
    • Article
      Lock icon Call to waive palm oil duty
      191 20 Bernama JAPAN'S assurance that it would consider a tariff reduction for Malaysian palm oil is not good enough. Mr Toh Pang Huat, vicechairman of Palm Oil Refiners Association of Malaysia (Poram), said on Tuesday that Japan should instead consider waiving the duty. He was
      Bernama  -  191 words
    • Article
      RUBBER
      223 20 BMGAPORE The market closed slightly higher with June One RSS buyers quoted at 170.75 cents per kg, up 1.25 cents from Tuesday. Prices rose about 1.50 cents in quiet morning trading on on covering interest and a reserve of sellers following enquiries from Inro's buffer stock manager to purchase
      223 words
    • Article
      RAS and MRELB
      281 20 RAS prices i S ceftts/kf, FOt be NOON lies aosi Int 1 RSS Prompt Int I RSS June 85 Int 1 RSS July 85 Int 2 RSS UK/Cont. Int 3 RSS UK/Cont Int 4 RSS UK/Cont. Int 5RSS UK/Cont ■eyen 172.00 171.00 169 00 167 75 166.75
      281 words
    • Article
      SSR and SMR
      102 20 (cmts/kg, l-to« pi H) JUNE 85 JULY 85 (currant month) (forward month) NOON NOON RAS Buyer* Ivyin S«N*rs SSR 20 163 50 165 50N 165 50 167 50N SSR 50 161 50 163 50N 163.50 165 50N MRELB Syywfs S*M*n lnyirt S«4Wrt SMR CV 211 50 *****N
      102 words
    • Article
      Straits Tin
      107 20 THE Kaala Lemper Tta Market (KLTM) eased 1« cents to Msa.2l per kg, still within the ITA's $».15 aad $».M lawer raage. Dealers said the baff er stack maaager sapparted at tMs lawer level, abaerMag abaat M per eeat el the tarasver while the rest was takes ap
      107 words
    • Article
      TEXTILES
      155 20 Yarn (In HK$ par Ma of 400 ft) China carded yarn, cones Bkte Phoanix I6's 2,550 Blue Phoenix 2Cs 2,700 Bkje Phomx 32's 3,150 Blue Phoenix 40's 3,500 Carded yarn, hank Bkje Phoenix 21'* 2,950 Combed yarn, cones Blue Phoenix 32's 4,250 Blue Phoenix 4C» 4,400 Open-end yarn 2,400
      155 words
    • Article
      Lock icon Rubber price expected to fall slightly
      83 20 Reuter NATURAL rubber prices are likely to eaae slightly in the short term because of diminishing demand from the US tyre industry and an increasing supply of Indonesian rubber. Malaysian dealers said the price of RSS One could ease below 190 Malaysian cents a
      Reuter  -  83 words
    • Article
      Produce exchange
      92 20 ChiiMM Produce Exchange (Setters' mm cUm pr» May 29. $S/100ke). CM M Coconut oil Bute FOB 117.00 Old drum FOB 130.00 New drum FOB 134.00 Copra A A Mixed Ooom) ou buyers Pepper Muntok Whit* FOB NLW 870.00 Sarawak Whit* 860 00 FOB toq NLW London Commodity Exchango
      92 words
    • Article
      PALM OIL
      144 20 MALAYSIAN crude palm oil prices closed down, but were off the day's lows on late covering after early sentiment was depressed by a weaker Chicago soybean complex close. June deliveries in the south region fell Ms3o to 11,300 per tonne, north fell $25 to $1,265 and central eased
      144 words
    • Article
      SOYBEAN
      143 20 SOYBEAN futures extended session decline, settling 11V4 to 14 cents a bushel lower and making new contract lows in all months. Beneficial weekend rains in growing areas after traders had perceived the beginnings of an early drought triggered the selling spree, which prompted general liquidation. Refco sold July on
      143 words
    • Article
      RICE
      271 20 Singapore C-1 Ord unq (S$/Uo, ei-godewii) Loonzain Rice Frogront new crop Ut 0 fU 100% 1st grade 100% 2nd grade S? 2nd 0.62 100% 3rd grade unq 3rd 0.60 Parboiled Rice New Crop no stock 5% 10% 227 25% 222 10% no stock Thai Broken Maize unq A-super Special
      271 words
    • Article
      WHEAT
      186 20 WHEAT futures tumbled to make new contract lows in all months, with prices ending 3Vfc to 5Vi cents a bushel lower in light trade. July closed at US$3.l2 3.75 a bushel, down 3Vi cents. Wheat futures followed the bearish lead of corn and the soy complex, weakening during the
      186 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      617 20 3RD CHINA BUSINESS CONFERENCE 1985 JoMtf Sponsored and Organtaad By ©c»* T 0 W AOS Management Consultants Pie Ud Republic of Singapore ECOTECH China International Economic 0 Technical Co-operation Consultants Inc, Bering People's Republic of China CHINA PROJECTS Date July 29-*****5 (Mon, Tims, Wed) Venuec Mandarin Hotel, Singapore About 25
      617 words
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  • SHARE INFORMATION
    • Article, Illustration
      Market makes small gains on short covering
      4199 21 SHORT-COVERING activities led to a mild rise in the Singapore stock market yesterday. But there were no heavy bouts of buying as punters still preferred to stay on the sidelines and wait for the start of the new settlement period tomorrow. The BT
      4,199 words
    • Article
      Chief price changes
      246 21 SINGAPORE Rises Indices M OMm 462 38 >T Ceepoute TM.C0I0I Mh 28 May 29 ***** 724.81 Ufa* Ma Vk 224 +12 *****54 *****36 D Kmm ■t 820 10 8T OB/OS -68 -112 M LMM Cr*4rt 520 10 ST MdaHhali 815.20 816.92 Rm M Baa 370 10 ST
      246 words
    • Article
      Business done on the SES
      2266 21 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      2,266 words
    • Article
      COMPANY MEETINGS
      420 21 BOU8TEADCO: Tenth AGM at #16-00, Tung Centre, Collyer Quay, Singapore 0104 today at noon. HOTEL GRAND CENTRAL LIMITED: Seventeenth AGM at the Conference Room, Hotel Grand Central Building, 22 Cavenagh Road, Singapore 0922 tomorrow at 2.30 pm. I.ICK RIM TAH HOLDINGS LIMITED: Third AGM at the Board Room,
      420 words
  • Page 21 Advertisements
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  • COMPANY NEWS
    • Article
      IGB expects no improvement in business conditions
      468 22 PROPERTY and construction group IGB Corporation Bhd does not expect business conditions to improve during the current financial year. In view of this, IGB chairman Tan Kim Yeow emphasised that the group would have to work hard to jriaintain its share of the
      468 words
    • Article
      MBf serves notice to take over entire capital of Emtex
      123 22 JUST A DAY after it announced its first-half results, MBf Holdings Bhd has officially served notice to take over the entire issued and paid-up capital of Emtex Corporation. The general offer to acquire 76.311 million Emtex shares was first announced
      123 words
    • Article
      Bedford project slightly delayed
      332 22 BEDFORD Bhd, which now relies heavily on properties, expects its Hampstead Rise condominium project to be completed later this year. The project was earlier projected to be completed next month. This was disclosed by Bedford chairman Tan Sri Abdul Aziz bin jTain in his latest annual
      332 words
    • Article
      Stocks in Kuala Lumpur close steadier
      465 22 THE KUALA LUMPUR stock market closed on a steadier note yesterday although trading remained quiet. Reflecting this, turnover amounted to 4.51 million units valued at MJ9.39 million compared with Tuesday's 4.46 million shares worth $8.63 million. Following the better overnight closing, the market opened
      465 words
    • Article
      Business done on the KLSE
      1875 22 BID and offer price* officially I listed and business In and re- I ported to tbe Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In IoU of 1,000 units unless otherwise specified. MDUSTMALS A Choc <2.048 2.1 OS) AMD
      1,875 words
    • Article
      Unit trusts
      219 22 Managers' prices Second B'putro Third B'putro Fourth B'putro 479 4.13 484 4 18 for May 30 4.61 466 Singapore Unit Trust Fifth B'putro Sixth B putro 296 3.00 301 305 The Commerce 1.97 *2.09 The Saving* Fund 1.47 1.56 S'pore Prog Fund 0.87 0.92 S'pore Sec Fund 127
      219 words
    • Article
      San considering acquisitions in plantations and manufacturing
      238 22 SAN HOLDING Bhd, one of the longest suspended counters on the Kuala Lumpur Stock Exchange and Stock Exchange of Singapore, is looking at some acquisitions which, it hopes, will lift its fortunes and the spirit of shareholders. The acquisitions being studied are in
      238 words
    • Article
      Hind Hotels skips payout
      180 22 HIND HOTELS International Ltd, owner of the 561-room Oberoi Imperial, is skipping dividend payment for the second year though the group managed to increase its pre-tax profits last year. Chairman Chhanulal Jhunjhnuwala said this was necessary to conserve funds for working capital purposes. Besides not paying
      180 words
    • Article
      Selected indices
      94 22 HONGKONG Tuesday '244 0 Week ago 250.0 Hone Seng Index Wednesday 1597.71 Tuesday 1570.84 NEW YORK Week ago 1599 64 Dow Jones Tuesday '***** TOKYO Mondoy .,S»70 Week ago *1309.70 Tokyo Dow Jones Wednesday *****.17 Tuesday Week ago ***** 57 Standard Poon Tuesday 187.85 Mondoy Week ago 64
      94 words
    • Article
      Lock icon Time for realistic look at heart of the dragon
      636 23 mms mm*» HOCK LOCK SIEW EVERY OTHER DAY, there is news of yet another company going to China. Announcements of joint-ventures, "lucrative" deals, new links with the Chinese authorities are coming fast and furious. It is not hard to see why.
      HOCK LOCK SIEW  -  636 words
    • Article
      Part of B Sembawang land to be acquired
      467 23  -  By NAJEEB JARHOM THE GOVERNMENT is acquiring another 37 per cent of Bukit Sembawang Estates Ltd's land holdings. The area involves 551,028.8 sq mof lanH to be used "for the purpose of defence and general development". Bukit Sembawang, one of Singapore's largest
      467 words
    • Article
      LONDON STOCKS
      830 23 SHARE PRICES were mixed in quiet and fairly featureless trading yesterday. At 096 GMT the FT 30 share index was down 0.9 point at 1316.5. European Ferries eased one penny to 141 Vi following news that it plans to raise around £71.6 million through an underwritten rights issue
      830 words
    • Article
      Burswood Island Resort project a breakthrough for Gentings
      373 23 GENTING BHD has achieved a breakthrough in efforts to capitalise on its technical expertise and market strength with the establishment of its international division. Pointing this out in his latest annual statement, Gentings chairman Tan Sri Lim Goh Tong says this achievement
      373 words
    • Article, Illustration
      Hong Fok alters timetable for The Concourse
      588 23  -  By AMY CHEOK FOR THE FIRST time, Hong Fok Corporation Ltd has publicly referred to its revised construction programme for The Concourse, its major investment property under construction in Beach Road. In his annual address, the chairman of Hong Fok Mr Cheong Kim
      588 words
    • Article
      Shell plans three new projects to increase flexibility and efficiency
      475 23  -  By RAMESH CHANDIRAMANI EVEN THOUGH Malaysia's energy consumption is expected to grow by about 5 per cent per annum in the 1990'5, Shell Refining Co (FOM) Bhd suspects that oil will begin to lose out in prominence to gas as
      475 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      657 22 BANCO DO BRASIL S. A. CONDENSED BALANCE SHEET AS OF 31.12.84 (Crs Thousand) CURRENT AND LONG-TERM ASSETS Cash Credit Operations Due from Banks and Branches Sundry Receivables Securities PERMANENT ASSETS Investments Fixed Deferred Charges TOTAL 140,127,831,157 2,186,419,719 39,588,110,610 34,055,638,790 *****,175,097 4,462,486,941 4,715,502,900 2,337,677,223 *****59,625 56,466,052 *****3334,057 49,337,066,321 624,240,722 19,878,995,721 10,172,477,588
      657 words
    • Advertisement
      Page 22 Advertisements Column 2
      292 22 NOTICES M THE MATTER OF THE COMPAMES ACT, CAP. ISS AND IN THE MATTER OF BUBATE (SCENTFIC) ASIA PTE LTD NOTICE OF SPECIAL (Pwwst to S*da 291(2) (k)) At an Extraordinary General Meeting of the company held at 12 Factory Unit, Middle March, Daventry, Northants, England on 21 May 1985,
      292 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      135 23 gK PANAMA REGISTER CORPORATION APPOINTMENT I To the Shipping Community of Singapore We take the opportunity to announce that we have recently been appointed as non-exclusive surveyors of PANAMA REGISTER CORPORATION and therefore we are now authorized to issue Statutory Certificates for PANAMA REGISTERED VESSELS. Associates: HINSIB Regional Consultants (Asia)
      135 words
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      Page 23 Advertisements Column 2
      15 23 m: m- I I =T r RIPOffT SPfCIAi b Who Has o ~V *4113 wag
      15 words
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  • Article
    Porsche dealer said to have large debts
    557 24  -  Customers claim they made personal loans to Lim By JEFFREY TSANG, AMY BALAN CLAIMS that they are owed hundreds of thousands of dollars are being made by customers of Singapore Porsche dealers Ngo Hock Auto Spares, whose managing director, Mr Lim Pin Nguon,
    557 words
  • Article
    Lock icon Colombo to enact tough law to fight terrorists
    252 24 AFP THE SRI LANKAN government is about to introduce a new tough anti-terrorist act prescribing the death penalty and lengthy prison sentences for a wide range of terrorist-related acts, it was announced yesterday. State Minister for Information Anandadissa De Alwis said the
    AFP  -  252 words
  • Article
    Lock icon Three protesters wounded
    70 24 Reuter THREE PEOPLE were wounded when police fired on a crowd looting and burning shops in north-eastern Karachi on Tuesday night, witnesses said yesterday. Police opened fire after they failed to disperse with teargas about 1,000 Pashtun migrant workers protesting against the death of three people during
    Reuter  -  70 words
  • Article, Illustration
    Lock icon Look what they've done to my eyes, Ma!
    73 24 AP THIS PORTRAIT of British Prim* Minister Margaret Thatcher, entitled "Walcoma to Kuala Lumpur" and was drawn by artist Ruskin Spear, causod a stir among art sxports whan it want on show on Tuasday at tha preview of the Royal Academy's 217
    AP  -  73 words
  • Article
    Lock icon China to focus on technical training in school reforms
    317 24 Reuter AP CHINESE officials have detailed an ambitious programme for educational expansion with emphasis on technical and vocational training to back the country's crash economic modernisation drive. The ruling Chinese Communist Party's decision on the reform of the educational system, published
    Reuter; AP  -  317 words
  • Article
    Lock icon Cool response to talks proposal
    70 24 AFP INDONESIAN Foreign Minister Mochtar Kusumaatmadja, in Bangkok for a meeting with his Thai counterpart, Sithi Savetsila, yesterday reacted coolly to the proposal for "proximity talks" between the Heng Samrin regime and the Cambodian resistance. He said that Asean should drop the idea if it
    AFP  -  70 words
  • Article
    Lock icon Lower oil price helps to fuel world recovery
    143 24 Reuter RECENTLY-depressed oil prices are helping to sustain global economic recovery and could boost the world's financial situation if they fall further, according to a study published in London by a leading US bank. The study, released on Tuesday by the American
    Reuter  -  143 words
  • Article
    Lock icon Soviet police get 55,000 new staff
    164 24 Reuter THE SOVIET government yesterday said it had recruited 55,000 Communist Party members to improve law enforcement, a move seen by Western diplomats as the sign of a wide-rang ing purge of the country's police force. Interior Minister Vitaly Fedorchuk, a former head of
    Reuter  -  164 words
  • Article
    Lock icon Tun Adnan files defence against Mustapha writ
    413 24 Bernama THE SABAH Yang Dipertua Negeri Tun Datuk Haji Mohammad Adnan Robert yesterday filed his defence in the Kota Kinabalu high court in response to the writ filed by Usno president Tun Datu Mustapha Datu Harun. The statement of defence was filed by
    Bernama  -  413 words
  • Article
    Lock icon Trial resumes without Agca
    134 24 UPI THE TRIAL of five Turks and three Bulgarians accused of plotting the 1961 attempt to assassinate Pope John Paul II resumed on Wednesday with Turkish terrorist Mehmet Ali Agca absent from the courtroom. Only Sergei Ivanov Antonov, 37, the sole Bulgarian defendant available to attend
    UPI  -  134 words
  • Article
    Lock icon Corporate taxes will rise under Reagan's plan
    274 24 Reuter PRESIDENT REAGAN'S tax reform proposal will boost total corporate taxes by US$lB.9 billion in 1986 and $118.4 billion over the next five years by imposition of a new minimum tax and elimination or curtailment of a variety of tax deductions. The Treasury
    Reuter  -  274 words
  • Article
    Good response to offer of low-cost consultancy
    420 24  -  By CHUANG PECK MING AN OFFER of government-spon-sored assistance in automation has been taken up by 11 Singapore companies with products ranging from curry powder to precision optical lenses. The help comes from the Automation Application Centre (AAC), which was set up in
    420 words
  • Article
    Lock icon Soviets act to check falling oil output
    221 24 NYT THE SOVIET UNION is to increase its deep drilling for oil by 40 per cent over the next five years in a bid to stop the fall in its oil output. The Soviet oil industry, the largest in the world, has been
    NYT  -  221 words
  • Article
    Lock icon Dow Jones lower
    61 24 Reuter NEW YORK stock prices eased in early trading yesterday as investors pondered the tax reform proposals announced by President Reagan. The Dow Jones Industrial Average was down more than one point to just under 1300. Declines led advances by a fivefour margin on turnover of 8.23
    Reuter  -  61 words
  • LATE FILE
    • Article
      Lock icon Amin Gemayel escapes death
      46 24 Reuter PRESIDENT Amin Gemayel narrowly escaped death when artillery shells hit the presidential palace yesterday, Beirut radio reported. Mr Gemayel was expected to travel to Damascus for talks with Syrian President Hafez al-Assad on rfighting at three Beirut Palestinian refugee camps. Reuter
      Reuter  -  46 words
    • Article
      Lock icon Death penalty for drug traffickers
      53 24 Bernama INDONESIAN Armed Forces chief General L B Murdani has said he would support any move to impose the death penalty on drug traffickers, as is being done in Malaysia. The General told Parliament yesterday that such a sentence was appropriate for the security of
      Bernama  -  53 words
    • Article
      Lock icon Manila removes import ban
      37 24 AP THE Philippines Central Bank has removed 46 items from its list of previously banned imports. A bank announcement yesterday said the move was in line with the government's import liberalization program. AP
      AP  -  37 words
    • Article
      Lock icon Court orders MAS to pay damages
      66 24 Reuter A TRIAL court Judge has ordered the Malaysian Airlines System to pay U*****,000 in damages to a Filipino pilot it dismissed in 1981 for negligence, saying he was fired unjustly and unlawfully. Judge Abelardo Dayrit granted the damage claims filed by Mr Renato
      Reuter  -  66 words
    • Article
      Lock icon Church warned as priests await trial
      43 24 Reuter POLAND'S Minister for Religious Affairs warned the Soman Catholic Church yesterday not to exceed its pastoral duties as two priests awaited trial for Joining a protest over the removal of crucifixes from a high school. Reuter
      Reuter  -  43 words
    • Article
      Lock icon UK's trade deficit narrows in April
      56 24 Reuter BRITAIN registered a visible trade deficit of £277 million in April, after a revised March record deficit of £999 million, the Trade and Industry Department said. The current account was estimated to be in surplus by £123 milion in April, compared with March's
      Reuter  -  56 words
    • Article
      Lock icon Kohl warned against SDI
      34 24 Reuter FORMER West German Chancellor Helmut Schmidt has warned his successor, Helmut Kohl, against takingpart in the US 'Star Wars' Research and urged him to cooperate with France instead. Reuter
      Reuter  -  34 words
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      Page 24 Advertisements Column 1
      112 24 ULAN ConrtßHi Exeludve Luxurious Apartments specially designed f*r you... Ideally located at J flr f ufj f Meyer Place/Katong p M Only 15 Units |M j£ |fl comprising of feQ H P M 3 flats and wfW ril ffl f 1 12 maisonettes AJ Jfry ■L. Very spacious SmM p
      112 words
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      Page 24 Advertisements Column 2
      8 24 Aaaan officials meat Cambodian rebal haada, Paga 5
      8 words
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      Page 24 Advertisements Column 3
      5 24 Reagan seeks support, Page 4
      5 words
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      Page 24 Advertisements Column 4
      459 24 See Page 4 Paperwork Simplification Singapore, July 24 26,1985 Paperwork Simplification is the organised application of common sense and tested improvement techniques to find better ways of dealing with paperwork It assists in determining the information needs of an organisation. It seeks out and eliminates unnecessary procedures .forms .records and
      459 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      57 24 WMm Outlook for today: Fair except for showers over o few areas in the afternoon. Report for 24 hours prior to 7.30pm on May 29 at the airport: Maximum temperature 32.8 Associated humidity 70 Minimum temperature 28.0 Associated humidity 88 Hours of sunshine 10.05 Rainfoll in millimetres nil Rainfall this
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  • SHIPPING TIMES
    • PORT SIDES
      • Article
        Loan loss provisions
        89 25 Bank OF Nova Scotia said loan loss provisions in the second quarter ended April 30 increased to U5574.3 million from $55 million a year earlier because of new non-accrual loans in North America and continued weakness in international shipping. Loan loss provisions, based on a five-year moving
        89 words
      • Article
        Lock icon Navy museum
        83 25 UPI THE FIRST nuclear-powered submarine, tHE USS Nautilus, built 25 years ago, left San Francisco on Tuesday on its final voyage to Connecticut to become part of the Navy museum. The 97-m long vessel was towed from its berth at Treasure through San Francisco bay to the Golden
        UPI  -  83 words
    • Article
      Operators may be asked to build ships in Malaysia
      396 25  -  By G DURAIRAJ OFFSHORE SHIP operators seek- s ing contracts in Malaysia are like- i ly to be asked to build their supply vessels locally. < This is understood to be part of 1 a plan drawn up by Petronas, 1
      396 words
    • Article
      Australian seaman's union bans Pacific Bold
      215 25  -  By Kingsley Wood UNION BANS which have held the Singapore freighter Pacific Bold in Fremantle since May 22 are delaying delivery of urgently needed supplies to Cocos Island. The seaman's union is holding the ship on the grounds that an Australian manned vessel should
      215 words
    • Article
      Lock icon Six major Japanese lines report better performances
      325 25 AFP THE FORTUNES of the six major Japanese shipping lines have taken a turn for the better. Their total recurring balance improved from 2.3 billion yen (US$92 million) in the red in the preceding fiscal year to 17 billion yen in the black
      AFP  -  325 words
    • Article
      Lock icon WEEKLY FREIGHTS
      815 26 AFP HOPES OF AN upturn in rates were again dealt a double blow on the freight market last week, in the form of slack demand and lower receipts on the major grain routes. The low level of activity in all sectors ahead of the long British Bank Holiday
      AFP  -  815 words
    • Article
      Designs for Australia's submarines
      248 26 HDW-IKL of West Germany and Kockums of Sweden are the final contenders to design and build Australia's new generation of conventional submarines. They were selected from a field of six European yards and now have 18 months to submit final designs and prices for six crafts
      248 words
    • Article
      Lock icon NKK becoming more competitive
      219 26 Seatrade Week SHIPBUILDER NIPPON Kokan Kaisha which recently won an order for a ferry from the Nedlloyd group, is becoming increasingly competitive with European shipbuilders in the passenger ship newbuUding market, a source of rival shipbuilder Mitsuibishi Heavy industries told Sea trade Week. However, other Japanese
      Seatrade Week  -  219 words
    • Article
      Sea-Land takes delivery of its first jumboised container ship
      113 26 SEA-LAND SERVICES has taken delivery of its first jumboised vessel, the Sea-Land Developer, from the Mitsubishi Heavy Industries. The container ship emerged from a five-week enlargment project. A new mid-body was inserted to increase the container capacity from 935 to 1,236
      113 words
    • Article
      INDEX TO ADVERTISERS
      696 26 AS Shpg V 5 Afeo Line VI 3 A PC Line V 4 APL 2/3 AM 1 1 ASCL 1 Bolt-Canoda Line VI 4/5 Bad-Orient Ljne VI 4/5 Bonk Line V 5 B8S 4/5 Bayswater Shpg V 4 Ben Line Cont V 3 Ben Ocean 1 Bengal
      696 words
    • Article
      LONDON FREIGHTS
      1756 26 GRAIN fixing dominated the London freights mar- kets on Tuesday in slow c business after a three-day b British holiday weekend. fi Two 52,000-ton June N grain fixtures on the US ti Gulf-Japan trade showed a d US$l drop in rate. Conti- G nental and Tradax each r
      1,756 words
    • Article
      New moves to ease exporters' problems
      167 27  -  By KINGBLEY WOOD WESTERN AUSTRALIAN fruit and vegetable exporters' urgent need for more shipping space to South-East Asia had been relieved to a large extent by government initiatives. But the possible extension of Stateships' north-west service to Asian ports is still being studied. A
      167 words
    • Article
      Lock icon Sea-Land chief criticises US subsidy policy
      636 27 Lloyd's List THE UNITED States government's policy for subsidising USflag liner companies was lambasted in Washingston by the chairman and chief executive officer of Sea-Land Corporation, the nation's only non-subsidised liner operator. Mr Joseph Abely, in his first major speech since he took over
      Lloyd's List  -  636 words
    • Article
      PORT CONDITIONS
      1119 27 ANGOLA i jwnria May 21. 5-6 days. 13 vessels berthed, 4 anchored. Lobito No delay. ARGENTINA Buenos Aires May 21. 20-25 days. 6 days. 37 vessels berthed, 15 anchored awaiting grain loading. 7 vessels anchored awaiting open quary berth. Rosario —10-12 days. 11 vessels berthed. San Lorenzo 7-10
      1,119 words
    • Article
      CONSORTIA
      186 27 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 Container Line.
      186 words
    • Article
      Lock icon Matson Navigation buys US$23m of containers
      94 27 TMR/ITN MATSON NAVIGATION has announced the largest purchase of new containers in its history. The purchase of containers and equipment worth US$23 million were placed in yards from Texas to Korea. The line ordered 2,900 twenty-foot containers of which 1,600 are being fabricated by
      TMR/ITN  -  94 words
    • Article
      SHIPPING LIST where your ships ore due...and when
      5936 32 aaaaaam 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
      5,936 words
    • Article
      CONTAINER SCHEDULES
      698 33 CONTAINER TERMINAL Ship RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Voy date/time Operator cargo schedule Location Ming Longe Helene Del Bolan Ratu Konsort L Srimathi Tanoh Air Nuptse Prasetio Zim EHot B Melor Agostin Neto Al Mirqab B Angsana N Colombo
      698 words
    • Article
      Who acts for whom ...
      1601 33 Who acts for whom The leading shipping lines operating from local ports and their agents. A—l A Tep EnlwpniM Ft» Ltd Some (S). AB Shipping Bousteod Shpg Agencies A tee Line Afncon Shpg Agencies (S) Alfred C Toepfor Oceonus Shipping Agencies (S) MuJtiport Sdn Bhd (PK). American President Lines APL
      1,601 words
    • Article
      SHIPS IN PORT
      388 34 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 30.5.85/0200 EMntang K29 Samta alongside Pravdinsk K18 S'pore Shg alongside 30.5.85/2300 Auby K24E SSPL 30.5.85/0830 31.5.85/0600 Gerbera K10 Borneo 30.5.85/0830 30.5.85/1300 N Baltimore K12 N-EAC 30.5.85/0730 30.5.85/1700 Qinghecheng K15 Y Fung 30.5.85/1000 06.6.85/2300 Rajah Brooke K25W SSPL
      388 words
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      303 25 HEUN6-A SHIPPING MrMFkgVtls I Regular Liner Semi-Container Service To: P. Ketonf/Penanf Busan/Inchon Uk Buson/Moii S'pore A|«nt: Neptune Afoncfes Pte Ltd T«fc *****77 PJC.3M9M.PM *****5 K.L. *****0 SHIPBUILDER NIPPON Kokon Koisha is becoming increasingly competitive with European shipbuilders in the passenger ship. Pag* II THE UNITED States government's policy for subsidising
      303 words
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      Page 25 Advertisements Column 2
      252 25 uUASC UNITED ARAB SHIPPING CO (SAG! SE AIORD SHIPPING AGENCIES 70 Shanton *a» 04 02C Matina Houie Singapore 020? Tal *****94 T «»t, CFS oMica TPC 03 30 Tal *****31 and *****32 Terminal oftica TPC 03 29 Tal No *****90 *****93 Si MS <9l X, IaTTIWH' XI? 3. Hi I
      252 words
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      Page 25 Advertisements Column 3
      500 25 Monthly from Pitman W lnTimes I y Distributors MAERSK LINE Voy I S*por« USA. EUROPE. MOOLE EAST. LGB OAK IITTTW JJmiTfl Hh* kM 311/* U* I MM Map U/t 7-VI LMB I m mtm uua if jv« m ta* 212V1 Un M m rntm i 7 i7/i ivaa i« i
      500 words
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      Page 26 Advertisements Column 1
      221 26 YAMABHITA-SHINNIHON LINE CONTAINER SERVICES Atlantic/Canada rudir at Koba USA/CANADA at Koba hr MIDDLE LAST TRANS SIBERIAN SFRViCt hbbysian Bk| A|«rts: An|b-frwdi Tradtac (M) TKaaHsntt ISSt i OPTORG CO (M) SDN BHD AGENTS SUNSHIP AGENCIES PTE LTD P KEL ANG ia?00l '2 P JA Y A *****3 ***** V *****3 Mi-n
      221 words
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      Page 26 Advertisements Column 2
      147 26 booked Dy ine uooperauvc Supercarrier Service SM V« 7/1 lt/l H/t tVt a/I IV7 17/7 M/l U/I 1/7 V 7 a/7 a/7 ii/» ivi a/7 a/7 a/7 a/7 1/7 V 7 12/1 IV* M/l 14/1 nn nn v* v» v» w» m nwrmi irwrr tqnskk Vi bamcr toas 17/*. toukomc
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      Page 27 Advertisements Column 1
      828 27 The Straits Steamship Group Mansfield Container Shipping Re Ltd Overseas Containers Limited CONTAINERSHtP SERVICE TO UK CONTINENT «m Kiwi M/l M/l 12/7 M/ 7 M/ 7 M/ 7 M/ 7 M/ 7 »/7 27/7 M/ 7 M/ 7 M/ 7 M/ 7 H/t 11/ l M/l M/l •1/9 U/1 21/1
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      Page 27 Advertisements Column 2
      542 27 Franco Belgian Services H, ,-wo A .n*j iMt MHI R OF AC f CONSOR TIVJM ii '1-.i v OM MH Sta 1718 aii Mki 2M (II 1 M IM 4 M 4M 7 M »M I (17 1b) IM IM UM UN MM UM fIBUJ I (24 la) ISM UM
      542 words
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      Page 28 Advertisements Column 1
      366 28 1 Hapag-Lloyd TO CONTINENT/UK On carriage to Scandmavia, Mad, Carribean tS. America in Ewope Connectii* in Kote Connect** m KaosJwung t Connecting in Tokyo Mso accepting carp tor ATLANTIC i GUlf PORTS na minaundbridge and US MD-WCST by fflicrofcndfe" IMPORTS I FROM N. CONTINENT UK a/5 30/5 HK. KM* 7/6
      366 words
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      Page 28 Advertisements Column 2
      207 28 ItG.&.LINE FULLY CONTAINERISED SERVICE TO EUR Off VIA SUEZ T Mfmto*' ot cf Canwtm' fum r*— 6/6) 4/6 »/6 9/6 12/6 17/6 (13/6) 11/6 15/6 16/6 19/6 24/6 (20/6) U/6 22/6 23/6 26/6 1/7 (27/6) 25/6 29/6 30/6 3/7 «/7 j Meroofr of thf Ace Consortium 1 FUUY CONTAINERISED TO
      207 words
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      Page 28 Advertisements Column 3
      406 28 l\^ AGENCIES PTE. LTD. #09-07. ROBINA HOUSE. S'POBE 0106 TEL: *****88. TELEX: RS ***** BOOKING: *****56 (OIRECT LINE) 325 S.PM Bldg, Sllom fld, Til: *****93/5 SIN CHIAO SHIPPING AGENCY PTE LTD Bat af Ctta #IMO SMGAPORE IEL *****1 metro RS ***** REWSMP SHPPMG COMPANY iMitwtrp/ Roneraam CafcuHi/CMttafani HONG GU CHENG
      406 words
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      Page 28 Advertisements Column 4
      682 28 o EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) cm swtu no aiMB uMMsm/rm i i« eouo rat com HO CATTO no an m.so kcarmt c l/« V 7 12/7 14/7 14/7 5/| 17/7 14/7 11/7 13/4 17/4 14/4 M/ 4 23/ C 25/4 24/4 IV7 M/ 7 21/7
      682 words
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      Page 28 Advertisements Column 5
      230 28 mSINOSE MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Stappn Lndta| tar 10/8 L IMn, B KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC STOK FMmi Lm*| tar OCEANA COWER M/t P Mom*. Lao, Ha, U4 L—tafci. Suva, hpwfc. Pap, Apia OCEANA QUEEN 7/7 i/7 Jayapva,
      230 words
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      Page 29 Advertisements Column 1
      663 29 MKiaMOHUBB y\v PACIFIC INTERNATIONAL LINES PIL Building. 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 EAST AFRICA/REDSEA SERVICES NONQKONQ MNOAPOM LOAOWQ FOR: M-1/8 16-U/6 HOOCIOAH.AQABA 2-VI 14-16/6 TAMATAVE. Rt UNION, MOW***. Q-«ALAAM 4-6/6 10-14/1 ADEN, DJIBOUTI, HODEIOAH, JEDOAH. POUT SUDAN, AQABA VOYAGE KARACHI/M.E. GULF SERVICES JBiHU! KUWAIT KOTA SEGAR 12-19/9
      663 words
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      Page 29 Advertisements Column 2
      483 29 BENLINE CONTAINERS UMfMI Bar My* to* KMrinr Bay IMq tapra Oiaka lq Lfcnrpad Bar EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS (KjJEBSEN LINE It NEW ZEALAND TO NEW ZEALAND, PAPUA NEW GUINEA AND SOUTH PACIFIC ton TO IAT/QgJt HOP IS li
      483 words
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      Page 29 Advertisements Column 3
      575 29 DJAKARTA LLOYD INDONESIAN NATIONAL LINF. BUSM TOKOHMU KOK MOHSMC HR 60WA *20 23/5 24/5 24/5 1/4 3/(1 4/4 MAIATAHT V2I/HB 4/4 9/4 11/4 15/4 17/ CI 23/( STORE TO IAKARTA/SURABAYA 60M ni MAMPM4T *21 KB IB.<«;j»y*^.' M'ilnaunuua WEST BOUND U HRTME Hi SWB MAT MUM Mj 12*8 nx teams ram.NU.ifM
      575 words
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      Page 29 Advertisements Column 4
      542 29 BOUSTEAD SHIPPING AGENCIES m BURMA FIVE STAR (Burmese National Line) Load** for Rangoon Spore Pa-an VMM 4/6 Juw Htonejrwa ¥202 3/5 June Paian VSSW 10/12 June Phashwefyawywa V255N 13/14 June Pa-an VtSW 24/26 June lift BANK LINE SPORE R'DAM HULL HMBG FORTHBAHK 15 Jun 11 Jul 23 Jul 17 Jul
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      912 30 K LINE KAWASAKI KISEN KAISHA, LTD. CUADOR/PERU/CHILE t MMtJiao mm Monow vm nit m swre kok omtaqmlcauao mica W* masasta sjntomo vm/araoo MM MMK *44 WTOEASASTA K2IS tln »Mi 11 Mi 22 km 25 M 2 *u| IN 7 11 1 CENTRAL AMERICA/CARIBBEAN SEA ran is. Nona *s nu.fi rw
      912 words
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      Page 30 Advertisements Column 2
      508 30 '/tf CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE IM*M tor KB WKfKS. SM IKWQSCO SUIIII IACOtt VMCCUVf* IC Acrtpto* Fa/Fa Conttmtrs P Ml** Smfjpoff I Anptes MWMdr- VI l* 1 Am AUSTRALIA EXPRESS CONTAINER SERVICE Acuptai FCL/FQ. Cofltwwn RAADAS 30 M*/2 hint 22 Aine 13 Am 19 Am CMIMW it
      508 words
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      Page 30 Advertisements Column 3
      329 30 SANKD ASIA MOM JAPAN*SC PONTS ANO NOWOKOHG 1. SAMKO scorpio 2 kb oram J OCUN RAMON 4. TEKAO 5. TROPICAL MOON 4. SUN LOTUS 7 OSA GRAM Ir Part/31 May 3/4 tan 5/7 Jw 1/10 Jw 12/14 Jo 12/14 Jw hi Nrt/31 I 4/5 Jw 1/9 Jw 11/12 Jw 15/14
      329 words
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      Page 30 Advertisements Column 4
      274 30 INTRASEA (PTE) LTD. I 10 Anson Ro.id »27 16 Inlprra'n)' Smqapce 0207 Tel '0. nps o BREAKBULK SERVICE TO EUROPE/UK S par* P. tar«/c 12/ c aon/MT/«j. (i AND R.M.Z. JH S pore P Kctani tea** tar EVAMGELOS L VOTU SM 41m —Ml m/Wmta/ •mux* (fit) lib nans zmbu ■HTMK
      274 words
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      Page 31 Advertisements Column 1
      658 31 NOL NEPTUNE ORIENT LINES LTD FAR EAST/EUROPt FULLY CONTAINERISED SERVICE A member of ACE Contort TO EUROPE/UK (VIA SUEZ): Also accepting cargo to/from Scandinavia +TW BRIDGE Spore Closing Times: FCL Cargo *****/6 LCI Cargo 1200 4/6 FROM EUROPE (VIA SUEZ) r- rrrrlu* Havre Singapore P.Kdang HKong K sung Bus K
      658 words
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      Page 31 Advertisements Column 2
      436 31 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG, BUSAN. INCHON i' *t >1.1 NIPtMNt *1,1 Ni Its Pll I ID Ifl ?!t<♦<»/? '***** .W/SlO ??\?07? IV" ilxinM ???Ht 1 il»rnwijl( .VO.MSf) >?n.'SO4 .CISI us I• I s .IN ll«*S SI ll* SDN HMfl *1 IH 414
      436 words
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      Page 31 Advertisements Column 3
      696 31 swsov SINGAPORE SOVIET SUPPING CO PRIVATE LTD SMSOV BULDMG 55. Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SWSOV SMGAPORE Tetei Numbers RS ***** RS ***** RS ***** f mow M/S SHMKAT NAM SOON SIN. BHD IST ANO 2NO FLOOR. NO 1 IALAN C£MPEN*tG PORT KLANG. MALAYSIA
      696 words
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      Page 31 Advertisements Column 4
      28 31 SWEE JOO SHIPPING SDN. BHD. ESS TO BINTULU Hy 7« In Part CONTAINERISED Agents: JAMB AT AN MERAH SDN. BHD. P. Kelang: *****6/7 K.L. *****7/*****1 Penang ***** Va\
      28 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      569 32 ltc«|i»nal Container Lines r VI 7~T 4 Sailings weekly H pj Fast Reliable Regular ii. 'i ft Punctual Berthing P S A Tue, Thur, Sat Sun REGULAR/FEEDER SERVICE TO PHUKET/SONGXIA dot na «u m 17M/3M am in*/** JJ* ITNM 173H/M4 13 Am HINODE KISEN CO. LTD I I.IK HKXW UK!
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      153 32 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wmd direction with speed m knots Wove height One hoK Heche represents 5 knots LEGEND: R Thunderstorm Toother direction with speed m knots y Shower Rom Wove height Cloudy Sky Surface winds are indicated by arrows which fly with the
      153 words
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      249 33 SviV' ".v i "i.. i'-5 M/V AMMNAC VSLSS M/V CGM VELAY V6LSS M/VCGM VM CMTTMONC Scan Dutch V i To Europe (Med/UK/NC/Scan) -t, -sp c -ili s 8 Butane 31/5 B Butane 7/6 8 Butane 14/6 B Butane 21/6 B Butane 28/6 MOTHER VEMEL/VOY I ACCEPTMG/SMLMG II Dd»t /164 NtonVW
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      88 34 PALMYRA TSIRIS LINES S.A. REGULAR SERVICE TO ARABIAN GULF KTAN S'POfiE PK Loading tor: ftCMUBB U/« Ommm mam m w* I OSAL AGENCIES (S) PTE LTD Mr am #i24i ami come awrai mi IJ 111 IUL BUMS OS* T* *****77 (SUm) \g/ PJL MULTVOiT SON BHD TEL *****3 f BOHLER
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      378 34 w Ptn teprtpmfk MilsciOSK Lines Ltd CONVENTIONAL/SEMI-CONTAINER AFRICA'S 1 EVERDAWN ALTAI MARU APOLLO PEAK HEROINAE HIMALAYA MARU HAYAKAWA MARU S.A. VAAL* S.A. CONSTANT!A 4 Jun Mombasa. Para— a>aam. Tanga 14 Jun Mombasa, Daressalssm 25 Jun Port Louis, Reunion 4 Jul Mombasa, Oaressalaam. Tanga. Nacala Beira. Tamatave 16 Jun Monrovia. Abidjan.
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  • BANKING & FINANCE '85
    • Article, Illustration
      Singapore faces the challenge of a changing financial world
      965 35  -  By SOH TIANG KENG Banking CorrMpondmt CAUTION and restraint have I now replaced real and aggres- i stveness as the main characteristics of Singapore's financial < rector. Instead of pushing for heady wpanirinn, flmnrUl institutions have adopted a more cautious lending
      965 words
    • Article, Illustration
      World watches Tokyo's changing markets
      1238 36  -  By SEIKI TESHIBA chief representative of Nomura Research Institute's Singapore office THE YEAR 1984 was a historic turning point (or Japan's financial system the government had finally decided to de-regu-late financial transactions and internationalise the money markets. The current financial system was basically organised after
      1,238 words
    • Article
      Milestones on the road to a freer market
      261 37 v HERE IS a chronology of significant events in the opening up of the Australian financial industry since 1979: June 1979 Trading banks started trading in the foreign currency hedge markets; «March 1900 Currency futures trading began cm the Sydney Futures Exchange;
      261 words
    • Article, Illustration
      Australia on the threshold of change
      1431 37  -  By RALPH SPRING chief manager of the Singapore branch of Weatpac Banking Corporation THE AUSTRALIAN banking and financial system has lately captured the imagination of the international markets. This development is hardly surprising as the system has virtually been revolutionised over the past three
      1,431 words
    • Article, Illustration
      Beijing invests heavily in the future
      1602 38  -  By ANTHONY RUSSELL area manager, China, Hongkongßank CHINA is blessed with an abundance of natural and human resources. But its recent history has limited their full development. The first concrete steps in correcting this situation were taken in December 1978, when China declared the
      1,602 words
    • Article, Illustration
      New money and credit in an ancient land
      1468 39  -  Change and rises in China By ANTHONY RUSSELL area manager, China, Hongkongßank THE STATE is still completely in control of China's banking system in spite of steps aimed at decentralisation and diversification. The banks are identical in their fundamental interests. As each
      1,468 words
    • Article, Illustration
      Singapore as a financial supermarket
      1052 40  -  The challenge of the Pacific Rim By PETER BANKO managing director of Security Pacific Bank Asia INTERNATIONAL banking has undergone significant changes during the past decade. No region of the world has felt the effect of these changes more than Asia. But even though economic
      1,052 words
    • Article, Illustration
      The financial evolution of South East Asia
      2510 41  -  By ROBERT CHIA lecturer, School of Management, National Uni¥ersity of Singapore SOUTH-EAST ASIAN countries registered encouraging growth rates last year, in spite of the p apparent fragility of the global financial economic system. i Singapore grew at 7.9 per 1 cent, Malaysia 6.9
      2,510 words
    • Article, Illustration
      Lock icon Bankers bursting through the barriers
      1193 42  -  The fight in financial services By RICHARD CORRIGAN vice-president of Chaee Manhattan Bank MARKET segmentation, product management, marketing strategy, financial services just pick the phrase that does not fit. If you chose financial services as the misfit in the group of topics from a marketing
      Drawing by Lee Wen of Chase Manhattan Bank  -  1,193 words
    • Article, Illustration
      Electronic wizardry in the dealing room
      2220 43  -  By MARK VOGEL vice-president of Bank of America SINCE the breakdown of the Bretton Woods agreement in < the early '70s, we have seen tremendous changes in 1 automated support for dealers i to improve their management of currency risks. i However, compared with
      2,220 words
    • Article, Illustration
      Electronics helps the money go round
      937 44  -  By PAUL WILLEMSE deputy general manager of United Overseas Bank SINGAPORE banks have been very innovative in the application of new electronic data processing (EDP) technology during the past decade. Some of the major goals of this effort have been to reduce I operating
      937 words
    • Article
      Lock icon Turning Singapore into a world capital market
      785 44 By Singapore International Merchant Bankers Ltd Banking and Capital Markets Division SINGAPORE has scored tremendous success in the capital market recently. Within only six months, more than SJ93O million was raised in the Asian dollar market through the issue of revolving underwriting facility
      By Singapore International Merchant Bankers Ltd Banking and Capital Markets Division  -  785 words
    • Article
      Lock icon Bankers face up to a slowing economy
      945 45 By the senior management staff of BANK of AMERICA WHAT DO BANKS DO when faced with an increasing number of problem loans due to depressed economic conditions? How do they react and how do their actions affect their customers? These questions are particularly
      By the senior management staff of BANK of AMERICA  -  945 words
    • Article, Illustration
      Options contracts are fast gaining currency
      1383 45  -  By PAUL BOLTON deputy manager of Standard Chartered, London CURRENCY OPTIONS, introduced in Singapore last year, are not a new investment medium not even new to commodities. The root of options transactions can easily be dated to securities in the early days of the
      1,383 words
    • Article, Illustration
      Varied options for the big names
      978 46  -  By ARTHUR ESCHENLAUER lUER, senior vice-president and general manager of Morgan Guaranty Trust THE INTERNATIONAL financial markets have changed dramatically in recent years. Up to 1981, syndicated loans were increasing and reigned supreme. The annual volume peaked at about US$l75 billion in 1981. Since
      978 words
    • Article, Illustration
      The corporate thrust
      727 46  -  By GEORGE THIA, HIA, managing director, investment banking Merrill Lynch Capital Markets SINGAPORE has been developing as an international and regional financial centre. Merchant bankers, therefore, have to respond to the growing challenge of serving regional and international corporate business. With the expansion of business enterprises in
      727 words
    • Article, Illustration
      Discount houses put premium on growth
      1036 47  -  By TAN MONG TONG i, general manager of National Discount Company GROWTH of discount houses' assets has slackened considerably over the past few years. Their combined assets had risen steadily until 1981 when growth peaked at 69.7 per cent. The pace then slowed to
      1,036 words
    • Article, Illustration
      Taking a position on the foreign exchanges
      992 47  -  By JIMMY TAY JIMMY TAY, treasury manager of Barclays Bank and president of Forex Association of Singapore THE WORLD of the foreign exchange has taW »p on a new dimension since November 1978 when President Jimmy Carter announced a massive US$3O trillion support
      992 words
    • Article, Illustration
      Lean pickings for the money brokers
      1321 48  -  Costs are going up but brokerage rates are coming down By DAVID GABRIEL THE MONEY broking business is one that seldom captures the attention of the public. It is a closed-shop business on the periphery of banking. Money brokers seldom, if ever, come into
      1,321 words
    • Article, Illustration
      Stock market waits for the big buyers
      1345 49  -  By RICHARD CRAIG Head o! Research, Lyall ft Evatt THE FLOW of money from one market to another Is the most important factor affecting equity prices, l We shall look at three parameters that have an important bearing on the flow of funds
      1,345 words
    • Article, Illustration
      Tender loving care for ailing companies
      1690 50  -  By CHAN KET TECK approved liquidator and director of Coopara Lybrand Associates MANY COMPANIES in recent years are surviving by the grace of their creditors and distressingly many more are going under. Banks are now facing the awkward decision of either cutting their losses
      1,690 words
    • Article, Illustration
      All ready to be shipped out under cover
      1114 51  -  Export credit insurance offers many advantages By LEE YOKE MENG assistant manager, Export Credit Insurance Corporation of Singapore ALL EXPORTERS are bound to face the question one time or another erf: Will the buyer be able to pay, and will he pay
      1,114 words
    • Article, Illustration
      The burden of being on the board
      1338 52  -  Directors and their responsibilities By MALCOLM BROWN regional manager, American International Group NOT TOO LONG AGO, to be a company director was a social advantage and a sign of achievement with no apparent heavy responsibilities. Today, this is no longer the case. While
      1,338 words
    • Article, Illustration
      Have travellers cheques will travel
      1753 53  -  By NEIL PIRIE area manager (Far East) of Thomas Cook A LITTLE-KNOWN fact is that there are still many parts of the world representing growth areas for travellers cheques. Singapore is well-placed in the centre of one South-east Asia. To understand the regional market, it
      1,753 words
    • Article, Illustration
      Automated tellers put paid to distance
      1662 54  -  Technology breaks through the frontiers By Peter Harkess general manager, South-east Asia, of Visa International NEW TECHNOLOGIES enabling faster, more accurate financial transactions have radically changed the nature of the banking and finance industry throughout the world. In Asia, new technologies have been introduced
      1,662 words
    • Article, Illustration
      How a merchant bank packages a project
      2527 55  -  By PETER HARGREAVES-ALLEN director of Schroders International WHEN A CLIENT seeks out a merchant bank for advice on project finance, he usually has a small specialised area or different areas of concern on which he wishes to take advice and counsel, but sometimes
      2,527 words
    • Article
      Poor prospects for finance companies
      1375 56 IF 1984 was a tough year for the 34 finance companies, 1965 looks even more uncompromising. At the end of the day, maybe two years from now, Singapore will probably have fewer finance companies, but each with a much bigger capital base and able to
      1,375 words
    • Article, Illustration
      Insurance brokers at the crossroads
      837 56  -  By R F PATERSON r R F PATERSON, managing director of Edward Lumlay A Sons (Singapore) SINGAPORE insurance brokers are now facing a challenge and must consider the direction they should be taking to capitalise on current trends of the hi-tech era. In the past,
      837 words
    • Article, Illustration
      Factoring companies find a firm foothold
      2332 57  -  By DOLLY LOW factoring operations manager of Singapore Finance FACTORING was first intro- f duced in Singapore in the mid- i9TObTerms such as old-line fac--5 toring, maturity factoring and export factoring unfamiliar a decade ago have become .fashionable jargon today among financial managers in
      2,332 words
    • Article, Illustration
      Tax havens coming under closer scrutiny
      3002 58  -  By LEO POINTON senior law lacturar, National University of Singapore MORE often it is the rule rather than the exception that revenue authorities go on Red Alert when they discover that a resident's affairs cover transactions in a tax haven. It was said that
      3,002 words
    • Article, Illustration
      Music to customers' ears
      215 59 STANDARD CHARTERED has provided a cool, soothing touch to modern banking. It has installed a three-storey high waterfall at the landscaped entrance of its new building in Battery Road. Every day, scores of customers, office workers and camera-clicking tourists 101 l about the *waterwalT as it
      215 words
    • Article
      Lock icon World's bankers show their strengths
      1176 59 FT ACCIDENT-PRONE it may be, but the world banking system is also displaying the muchneeded quality of resilience these days. In fewer than nine months, names such as Continental Illinois, Johnson Matthey Bankers, ESM and BBS have rocked their foundations and proved unpleasantly expensive for
      FT  -  1,176 words
    • Article, Illustration
      Interbank deals lend support to ACUs
      737 60  -  Growth of financial services slowed in first quarter By SHAHRIR ARIFF THE GROWTH of financial and business services in Singapore slowed down to 3.8 per cent during the first quarter of this year. This sector contributed 23.3 per cent to overall real gross domestic
      737 words
    • Article, Illustration
      MAS's new view from the top
      190 60 THE 30-STOREY building of the Monetary Authority of Singapore overlooks the business district in Shenton Way the Wall Street of Singapore. The building, built on the former premises of the Sata Building, also houses the Government of Singapore Investment Corporation and the Securities Industry
      190 words
    • Article, Illustration
      Lock icon Capital flow to Third World slows down
      2177 61 World Economic Outlook IMF CHANGING conditions in lending and borrowing nations make it difficult to project capital flows to the developing countries. This is because there are new conditions that prevail in both the countries that import and export capital. Many countries among
      World Economic Outlook; IMF; Source: IMF  -  2,177 words
    • Article, Illustration
      Simex making a firm bid to increase liquidity
      959 62  -  By SOH TIANG KENG Banking Correspondent DEVELOPMENT of liquidity in existing contracts is the top priority of the Singapore International Monetary Exchange in meeting the challenges ahead. Outlining expansion plans and task» ahead, Mr Ng Kok Song, chairman of Simex, said: "It
      959 words
    • Article
      After eight months the verdict is satisfactory
      377 62 GROWTH in business on the Singapore International Monetary Exchange since the launching of financial futures last September is far from spectacular. But its progress falls within the modest and realistic expectations of Simex leaders and officials. The grading they have given to Simex's
      377 words
  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      169 35 I* wmm vj ner terr. 3 bdrms, servant's, attached bath, split living/ dining. Furn. $1,350. RPC *****1/*****3. DISTRICT 11, Orchid Inn vicinity. Beautiful single storey bungalow on elevated land, 3 bedrooms, swimming pool, reno-y vated, land area 6,500 squaref feet, mature garden, must view. Only $600,000. Call *****09 after k
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      Page 35 Advertisements Column 2
      583 35 wrnim The Pacific decode In financial developments, the Eighties look set to belong to the Pacific countries as financial markets in the vibrant economies there are liberalised. To delineate the incipient trends and to assess the extent of the possible shifts, BT asked three bankers to give their views. Piqm
      583 words
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      Page 36 Advertisements Column 1
      208 36 Chase Home Financing. Who else would offer all these 10 advantages? Chase Home Financing makes it easy for you to buy your new house. Take a look at what we offer and you'll discover there're many reasons for getting your loan from Chase. 1. Up to 100% financing with CPF
      208 words
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      182 37 ocn I 4$ 4 k0 Lease Financing n Facto r ma Factor at ecn ORj -v^ Personal Loan Sh I*! Accounts Receivable Financina -S u«. M rHt Fixea Deposit Account Eight fabulous facilities from CCS to help you in your business and personal requirements. Call Telephone *****66 and ask for
      182 words
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      436 38 I V jtf! F 5 m y is? m s* V st, s. o o *A > y V; f *fW I V fm rr* r~~ <* t "V wcf J- t 1 „/h *S J&M V 1 fc-: < S> M IKMWCfi Yon need working capital urgently. Bnt unpaid
      436 words
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      230 39 Glory High-Speed Automatic Coin Counting Wrapping Machine Model WR-100 Counting Speed: 2,400 coins/min Wrapping Speed: 30 roils/min Glory Desk-Top High-Speed Banknote Counter Model GND-130 (Suction type, 100 notes/4 sees, micro-chips circuit board) Specifications Counting speed 1300 coins/min Hopper Automatically feeds up to 4,000 coins Opermwn display With 5-digit LED pawl.
      230 words
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      58 40 WE PROVIDE YOUR FINANCIAL NEEDS IN THE ARAB WORLD AND ASEAN NEW YORK SEOUL TOKYO PARIS A u A X r A J AA L, Union de Banques Arabes et Frangaises Hlld Office: 190 Avenue Charles-de-Gaulle, ***** Neuilly Cedex, France. Tel: *****01; Telex: *****4 Bingapor* Offlc* #11-01/03 The Arcade, 11
      58 words
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      Page 40 Advertisements Column 2
      53 40 t DEPENDABILITY For a range of products designed to meet today's needs and for an understanding of underwriting approach based on experience and backed by technically competent personnel, you can rely on LOMBARD INSURANCE COMPANY LIMITED 5 Shenton Way #02-14 U I C Building Singapore 0106 Telephone: 220 8511 Telex:
      53 words
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      218 41 wt 3MKaLV? Ll* sii/a 'M %ss |s^ •w'-v -1 WgMmk WmM mat mm Wm&%> Someday,you'll be glad of die protection of the friendly giant. Life can deal us some hard knocks at times. Your business or family can be affected by situations beyond your control. And those are the times
      218 words
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      167 42 Now you can see your bank account on TV 24 hours a day UniView, the banking breakthrough by United Banks, puts your account on your personal computer TV screen any time of the day or night. Using your computer and telephone, you can call up your current account statement, see
      167 words
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      Page 42 Advertisements Column 2
      202 42 Factoring with DBS finance, tt sets you on a winning course. A, busir un< Anrl if v/m ir Are cash flow problems holding back your business? Let DBS Finance show how factoring can k provide a steady cash flow for healthy business growth. We'll convert your unpaid invoices into cash
      202 words
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      11 43 9* I mtA ...it's a capital idea! QDBSBANK i o IL
      11 words
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      Page 43 Advertisements Column 2
      384 43 Entoconi.^^^ The Fully Programmable Stand Alone Card System. Enter the new Chubb Entacard M3OO Access Control System. The fully programmable, non-corruptible card system that controls access to all or specific areas within a building. Entacard M3OO proves invaluable when there is a need to restrict access to a room, an
      384 words
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      205 44 Bache Securities. Instantaneous access to the financial markets of the world. Without it important investment opportunities are lost At Bache Securities, providing our clients with instantaneous access to the world's financial markets is a top priority We pride ourselves on being able to deliver timely, up-to-date investment information as well
      205 words
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      Page 44 Advertisements Column 2
      99 44 This announcement appears as a matter of record only Hong Leong Corporation Ltd fmpraM a SINGAPORE DOLLARS 50,000,000 NOTE ISSUANCE FACILITY ARRANGED BY Chemical Sanwa Merchant Bank Ltd TENDER PANEL MEMBERS BANQUE INDOSUEZ CHASE CAPITAL MARKETS LIMITED CHEMICAL BAHK CHEMICAL SAHWA MERCHANT BANK LTD CIC-UNION EUROPEENNE, INTERNATIONAL ET CIE, SINGAPORE
      99 words
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      136 45 How to turn $25,000 cash irrtoa $50,000 investment portfolio. nno !»iM«kiAAA 'IJT A mtA ...it's a capital idea! DBS Bank introduces the Margin Tracing Account Now you can increase your investing power by making your financial assets work for you. Using a fixed deposit or your existing securities as collateral,
      136 words
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      Page 45 Advertisements Column 2
      264 45 m I MINI DATA CABINET Why a Chubb Fire-resistant cabinet will protect your computer data better in real fire conditions. At the Chubb factory in England, Chubb computer data protection cabinets are put through what is widely regarded as the most demanding test programme in the field. The tests involved
      264 words
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      142 46 i How you can benefit from Bayerische Landesbank's presence in Singapore w Bayerische Landesbank is headquartered in Bavaria, a leading federal state of West Germany with a long tradition in cross-border trade and finance. Over the years we have constantly upgraded and refined our international banking capabilities, building a reputation
      142 words
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      Page 46 Advertisements Column 2
      243 46 F' The CMmmsH Connection from; the Bankof East Asia If you're thinking of doing business in China, it pays to I bank with the bank that is an authority i%|||||A#Vl on the country. W||Mv%ll "lheß(inkfl Asia has been IV w providing banking fIMMM services and facilities wflvYll DlOl to China
      243 words
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      209 47 A ITSTRALIA Everyone sees it differently O When you are investing or trading with Australia, or if you are thinking of doing so, it's important to choose the bank that knows Australia best. That bank is the Commonwealth Bank of Australia. With its large network of branches throughout Australia, the
      209 words
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      167 48 In a society that is advancing so rapidly, most parents in Singapore realize the necessity of a high standard of education for their children. At Great Eastern Life, a special plan has been developed that will offer you the chance to secure your children's education. It is called the Child
      167 words
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      82 49 tothewor i J m I* ~V S V L With a network extending over 78 countries, BNP has the resources and the expertise to help you in your international trade. i Vi y^r 3--J A-/"' Vf>,* w' > ■K>r ;-c,r o> «J- w L tf'" m For your trade with
      82 words
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      179 50 i 3* *pv CTP i ..a fast developing country blessed with rich scenic beauty, mineral agricultural resources and hard working people, offers a wide range of attractive investment opportunities. Habib Bank the largest bank of Pakistan operating through a network of 1825 branches in Pakistan, 69 overseas branches; Representative 'P
      179 words
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      Page 50 Advertisements Column 2
      79 50 Get the most rroetitrwe rates cm savings accounts at UMBC FIXED DEPOSITS 1 month (minimum $5,000) 3 months 6 months 9 months 12 months v. SAVINGS ACCOUNTS 1 Visit or call your nearest branch today! Rates are subject to Change without notice. Effective date; 22nd May 1965 UNITED MALAYAN BANKI^CORTOI^TIWJBaHAD
      79 words
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      423 51 i' t Put NCR's KX) years of information processing and business systems experience behind your computer choice. -r. ■i PI L 111 s^\ m 11* as \\V£> %> V? 0 V* m \V .v\ A T* i m w V> V o I V yy. o ■v > v* -V
      423 words
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      127 52 The spirit of enterprise thrives at SIMEX s m t >r .<••••F w;" 5 :v) P, £T '■> ;< I» i si:, j ~'l r*" 3- i I K < f 1 w <%m. m i' t SKSPP Si At the Singapore International Monetary Exchange, trading in gold and financial
      127 words
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      Page 52 Advertisements Column 2
      193 52 Count on us to make your grow to mane y investment.. anywhere in ASEAN. We know the place It's our home. Nobody knows more ajxxjt doing business in ASEAN than we do. As an organisation comprising all the major local banks and financial organisations in ASEAN.we are in a unique
      193 words
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      496 53 t t>_ <#.T I 51 4 IF YOU WEREN'T IN A BMW 7 SERIES SHE WOULD BE IN AN AMBULANCE. 1 V n W Just when you need them most conventional brakes can be their least effective. Take the situation above. It's raining. The road gleams in the dark. A
      496 words
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      688 54 YJT DEN DANSKE BANK W (Incorporated in Denmark) Heod Office 12, Hoi mans Kanal DK-1002 Copanhagan K PROFIT AND LOSS ACCOUNT FOR THE ACCOUNTING YEAR 1964 BALANCE SHEET AS AT 31ST DECEMBER 1984 Cash in hand Assets held in Central Bank Assets hetd in domestic banks Assets held in foreign
      688 words
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      84 54 /VkinuLife We Are Committed To Excellence In Life Insurance The Company markets life insurance to meet both permanent and temporary insurance needs. It has a wide range of policies to help solve any insurance problem, including: Income Protection Retirement Estate Duty Education Mortgage Protection Business Insurance ManuLlfe (Singapore) Pte. Ltd.
      84 words
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      106 55 Tat Lee Bank provides you with lots of banking conveniences TAT LEE BANK -i 1 tf tat CHEQUES DEPOSIT Other aarvlcae Include: CURRENT ACCOUNT FIXED DEPOSIT ACCOUNT GIFT CHEQUES DAILY INTEREST SAVINGS ACCOUNT COLLECTION OF PUB/TAS BILLS FOREIGN EXCHANGE REMITTANCES LOANS ADVANCES OVERDRAFTS ii 4'l ft TAT LEE BANK LIMITED
      106 words
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      Page 55 Advertisements Column 2
      159 55 |)j) [~T€L6RAT€ The vital link to immediate, accurate and timely financial information woridwide. WORLD SPOT CURRENCY MARKET 1 PAGE BANK PAGE BANK 12/05 2328 GMT AP-DOW JONES ECONOMIC REPORT PAGE 1002 12/05 22:22 LEBANESE DRUSE LEADER REJECTS ACCORD WITH CHRISTIANS; 1740 FIGHTING CONTINUES IN BEIRUT 12/05 22:25 SCHULTZ SAYS IT
      159 words
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      153 56 v rt&i&Sr f r =r-s?-!u jp?sjwp -}i w > Symbol for Worldwide Insurance D Fire D Motor D Marine Cargo D Jeweller's Block D Accident D Engineering D Medical Insurance (Blue Cross) D Other General Insurance Classes The Netherlands Insurance Company E5t.1845 Ltd. Member of the Nalionale-Nederfanden Group, the Netherlands.
      153 words
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      93 56 BANQUE INTERNATIONALE A LUXEMBOURG Soc*6t6 Anonyme 2, boulevard RoyaJ-LUXEMBOURG-RC Luxembourg ***** BANQUE INTERNATIONALE A LUXEMBOURG SA Is pleased to announce completion of the acquisition of the London branch of Soci6t6 de Banque Occidentale. The continuing management and staff in London look forward to receiving old and new customers of the
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      113 57 Ladies' Model 1230-5299 SG Gents' Model 7750-5079 SG There comes a time in your life when you naturally reach for THE FINER THINGS. LIKE LASSALE SEIKO. A WATCH AS PERFECT OUTSIDE AS IT IS IN. A WATCH WHOSE CONTEMPORARY DESIGN IS IN TIME WITH YOUR LIFE. WHOSE SLIMNESS IS A
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      532 58 ALL YOU NEED TO KNOW ABOUT THE LATEST DEVELOPMENTS IN THE CAPITAL MARKETS Major 2 day Conference Here are just the highlights of the programme. THE DRAMATIC CHANGES AND LATEST DEVELOPMENTS IN THE INTERNATIONAL LOAN MARKET AN OVERVIEW BREAKING NEW GROUND IN SECURITIES AND NOTE ISSUANCE FACILITIES THE SPECIFICS OF
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      134 58 Moscow NARODNY fMNB) BANK <i!JSF SINGAPORE BRANCH Offering a unique banking service in South East Asia for trade and financial institutions dealing with the USSR and other Socialist Countries No other bank in South East Asia will offer importers, exporters and financial institutions the experience and associations necessary to rapidly
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      52 59 JAMES LUMSDEN INSURANCE BROKERS (S) PTE LTD 21 Collyer Quay 12-02 Hongkongßank Building Singapore 0104 Telephone: 225 5355 (6 lines) Telex: RS ***** JAMLUM Facsimile: (65) 224 6300 Representing in Singapore: Fred S. James Co. Inc., Wigham Poland Holdings Ltd., and all associated and subsidiary companies. Insurance and reinsurance brokers
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      183 59 ■i.l w Hi A* m V DEPEND on the Dutch bank on hand in Singapore. We've had a branch in Singapore for several years now, and we identify cfosely with the Republic's business community. "We' are Amsterdam-Rotterdam Bank NV AMRO for short. As one of the leading commercial and investment
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      137 60 Wing On Life 60 YEARS OF GROWTH jr r f r.' ,r i >n u oal ht i 1 1 f] Jala'. >i<i Win O' Li?.' >r ,ri( tStry i! i 'u'js irt; p Mill)'' if <1 if! V i s. V J -M s (jt v .> ll opn
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      162 61 :GIB SbrnwetitwewiWimam imw(Utve%mJmmaM. (pQcjmmJ&iL In today's business environment, effective financing can be crucial to the success and profitability of any major export contractespecially in the current markets of the Middle East. Which is why an increasing number of exporters to the area are turning to GIB for advice. ClB's trade
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      110 61 Bd brings itaiy closer to the ASIA-PACIFIC area BANCA COMMERCIALE ITA LIANA HEAD OFFICE: MILAN SINGAPORE branch: 36 Robinson Road #03-01/04-01, City House, Singapore 0106, G.P.O. Box 2647, Singapore 9046, tel. *****33, telex ***** COMIT RS TOKYO branch: Nippon Bldg. Annex, Otemachi 2-7-1 Chiyoda-ku, C.P.O. Box 1613, Tokyo 100, tel.
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      96 62 l Talk to our man about money and you'll be amazed by his know-how of your business 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 flexible packages for the construction
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      95 62 The onlvTravellers hcqnes i fluent in 10 currencies. m 'OCn 'a. c "r 0 "en e £h e Que 'fir; ii r I r lr. Su, 11, 'Ss '/f rii, f n s VP, e «s "Hn Oi fffm 4 20 U »'Ti 1 yVjQr V/// Piß IQffi a: >>*•
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