The Business Times, 30 January 1986

Total Pages: 24
1 24 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 THURSDAY, JANUARY 31, 1986 75 CENTS
    12 words
  • 522 1  - Australians seeking local companies warts and all By RAMESH CHANDIRAMANI AN ORGANISED SEARCH for company acquisitions in Singapore has been started by a firm of Australian stockbrokers. The firm is acting for Australian companies which are keen to find owners and managers who have built up sound businesses over the
    522 words
  • 221 1 AFP Reuter SEARCH TEAMS combed a wide area of the Atlantic Ocean yesterday for debris from the space shuttle Challenger, as Nasa investigators sought to explain the sudden explosion which destroyed the spacecraft 75 seconds after takeoff on Tuesday. A US Coast Guard
    AFP; Reuter  -  221 words
  • 496 1  -  Only part of the cut likely to be restored when economy recovers By CHUANG PECK MING THE FIRMEST indication so far that the Government is planning to reduce employers' Central Provident Fund contributions by 15 points was made yesterday by First
    496 words
  • 234 1 JANUARY looks set to be the best month in the 16-month history of the Singapore International Monetary Exchange (Simex), which yesterday saw another day of record trading. Yen futures trading reached a new peak for the third time this month. A total
    234 words
  • 101 1 Bernama MALAYSIAN Finance Minister Daim Zainuddin yesterday announced a cut in commercial banks' liquidity requirement and the liberalisation of Bank Negara's export credit refinancing facilities to increase banking liquidity and promote Malaysian exports. The liquidity requirement of commercial banks will be reduced
    Bernama  -  101 words
  • Article, Illustration
    88 1 STRONG RUMOURS about the paartbie UTWti tt imm tycoon* drsve share prices lower across the beard yesterday. Malaysianbaaed issues, Including counters In the Malayan United Industries stable, Seallaa and MBf Holdings, snccambed heavily te the bear raid. Bat laeal Mae chips Incurred enly marginal falls. T%e Straits Times
    88 words
  • 469 1 Reuter THE BANK OF JAPAN yesterday cut its key interest rate to liven up domestic demand and help Japanese businessmen who now find it harder to sell abroad. From today, the bank will charge 4.5 per cent instead of 5 per
    Reuter  -  469 words
  • 478 1  -  By HOMER CHEN AHEAD OF his court appearance scheduled for 9.30 this morning. Tan Koon Swan yesterday spent three hours at the Commercial Affairs Investigation Department. When he left shortly before ten o'clock last night, Tan would make no comment on how
    478 words
  • 105 1 AFP THE REAGAN administration intends to sell China $500 million worth of radar and navigation equipment for F-8 fighter planes, according to a Pentagon official. Edward Ross, a China specialist in the Pentagon's International Security Affairs office, said on Tuesday that the administration would formally notify Congress
    AFP  -  105 words
  • Page 1 Advertisements
    • 153 1 A WATERMAN PARIS Writing instruments of distinction since 1884 Trade enquiries: Tel: *****33 Leader, Page 8 Higher ineurance premiums likely, Page 5 Get the most competitive rates on fixed deposits and savings accounts at 5 1 /4% per annum Visit or call your nearest branch today Effective 2/1/86 Rates are
      153 words
    • 257 1 More stories, Back Page SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS LETTER CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW SEVEN PEOPLE DIED when the US shuttle Challenger blew up a minute after launch. It is sad, and America is in mourning. It's a set-back for the US, but President
      257 words
    • 55 1 ^>^,%{.\=+:=<*,<-\=$_]</:[?.<=" SUNDAYS The most flights to Brunei Darussalam. More convenience, more choice. Royal Brunei A irlines. With more flights to Xegam Brunei Darussalam than anyone else: departing Singapore tieiee daily at 11.30 am and 9.10pm and with additional flights on Fridays and Sundays. Royal Brunei B»r*lj > 10 S.iQ»pnr» 'TC
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    • 17 1 BEHIND EVERY SONY PROOUCT IS SONY Service \*****11 SONY THE ONE AND ONLY More stories. Pege 3
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  • Page 2 Advertisements
  • HOME NEWS
    • 468 2  -  By LISA LEE LOCAL COMPANY Woh Hup (Pte) Ltd has been given the task of taking apart the Telok Ayer market and putting it back together in two years' time. But the Old Market, as it is affectionately known, could
      468 words
    • 203 2 THE SIGN outside the empty fast food outlet says "Close (sic) for temporary renovation". However, there has been no sign of any renovation at Whinppy Fast Food, and according to neighbouring shops at Lorong Mambong in Holland Village, Whinppy has been closed for nearly a
      203 words
    • 341 2 WHILE POINTING TO 1985 as possibly the worst year in a decade for Singapore's 13 banks, a Singapore-based banking analyst recommended the formation of a "national think tank" to develop futuristic fee-based financial services. In a luncheon address yesterday to the
      341 words
    • 169 2 A PRODUCT DESIGN and history exhibition, and a seminar on industrial design will be held at the Singapore Science Centre from Feb 4. The events will be opened by Dr Tay Eng Soon, the Minister of State (Education and Communications Information), at the Singapore Science Centre auditorium.
      169 words
    • 219 2 ABOUT 30 PAPERS on water and water management will be presented at a conference to be held at the World Trade Centre from Feb 26 to 28. Organised by Interfama Exhibitions, it will be held in conjunction with the first WaterAsia
      219 words
    • 56 2 TELECOMS will introduce its speed post service to Denmark, including Faroe Island, with effect from Feb 1. The charges for the service are $40 for the first half kilogram or part thereof and $7.50 for each additional half kilogram. With the new addition, the speed post service
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    • 223 2 WORK ON THE southern end of the Central Expressway, where it links with the Ayer Rajah Expressway, has begun and is expected to be completed in a year. The contract for this 360metre stretch of the CTE with a 140-metre flyover across Jalan Bukit
      223 words
    • 314 2 JIM PHENIX has been appointed regional training and personnel manager for South-east Asia and South Pacific of DHL International (S) Pte Ltd. The company also promoted Charles Chi* to sales and marketing manager, Singapore. Mr Phenix joined DHL in 1975 and has since held the posts of
      314 words
    • 367 2 FEARS of being out of a job ended for 87 Singaporean flight attendants on Monday. Instead of being back in civilian clothes, they will only have to switch uniforms. The 87 were recruited in September last year by Pan American World Airways, which
      367 words
    • 310 2 THE END OF THE TRACK for nearly 1,000 pairs of Nike counterfeit shoes and 2,500 pairs of socks yesterday afternoon was the refuse incinerator at Ulu Pandan. Nike, the US sports company, burnt 60 boxes of imitation Nike shoes and socks seized from raids in
      310 words
    • 121 3 A SINGAPORE company has secured exhibition management contracts worth $500,000 from Swiss Industries Fair, a trade fair organiser in Switzerland. Interfama Exhibitions Pte Ltd's contract with Swiss Industries Fair includes public relations and publicity consultancy and show management for the China-Didacta '86 Fair in
      121 words
    • 112 3 THE New China News Agency (NCNA), also known as Xinhua, will open an office here this year. According to Agence France Presse (AFP), the move is seen by diplomatic analysts as a bid by Beijing to step up bilateral ties. Singapore and
      112 words
    • 603 3  -  By BOEY KIT YIN TRYING TO RUN a business without keeping proper books and regular accounts is like sailing the South China Sea sin-gle-handed without a compass or other navigation equipment. But accounting and financial management must be one of the most problematic and complicated
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  • THE PAN-EL AFFAIR
    • 497 3 STOCKBROKING FIRM OSK and Partners Sdn Bhd, which is involved in a controversy over forward contracts in Sigma International's shares with two Singapore broking firms, has filed suits against Associated Asian Securities (Pte) and Lin Securities Pte. The company claims that its forward
      497 words
    • 412 3 THE MALAYSIAN Chinese Association (MCA) is considering the setting up of a fund for the legal defence of its president, Mr Tan Koon Swan, who is facing six charges of alleged abetment of criminal breach of trust in the Pan-Electric Industries affair.
      412 words
    • 607 3  -  By CHAN Ol CHEE SEVERAL PARTIES have expressed interest in acquiring viable units of the beleaguered Pan-Electric group. Representatives from Pan-El's estimated 37 creditor bankers are liaising closely with the official receivers Price Waterhouse in talks with interested suitors. Whether a liquidator will be
      607 words
    • 553 3  -  By MONICA GWEE THERE IS MORE than the pursuit of profit to Peter Tham, the stockbroker and company director now being sought by authorities inquiring into PanElectric. According to a self-penned testimonial, the spiritual side of his life was more important than money. "I
      553 words
  • Page 3 Advertisements
    • 186 3 THERE'S NOTHING WE CAN TELL YOU ABOUT THE EQUATORIAL THAT YOU DON'T ALREADY KNOW Jk A '.v. EXCEPT, PERHAPS OUR LITTLE GESTURES THAT HAVE BECOME ATRADTTKM You prol»ahly know about our !i(M) Or our attention to detail at furnished rooms and suites, our famous conventions. out little surprises at even
      186 words
    • 205 3 Guess who's moved in... 6 Battery Road, developed by Standard Chartered Bank, has attracted some of the most successful names in business as its tenants. If you would like to be in their company, call us today and let us show your around. MR STEWART O SIEH'ERT Chiel Executive DELOITTE
      205 words

  • OVERSEAS
    • 542 4 Changes in economic structures depend on currency value AFP THE YEN will have to remain strong for at least three years if changes are to be made in domestic economic structures that have endowed Japan with its extraordinary export capacity, according to a senior official
      AFP  -  542 words
    • 119 4 Reuter PHILIPPINE President Ferdinand Marcos, accused of secretly investing millions of dollars in the US, has said all his money went into scientific research, an Italian newspaper reported. In an interview published on Tuesday in the daily II Messagero, Mr Marcos said he had
      Reuter  -  119 words
    • 243 4 AP JAPANESE and US tax agencies will cooperate in investigations of large or multinational companies suspected of engaging in tax-evading trade practices, Japan's National Tax Administration Agency said. The agency and the US Internal Revenue Service will team up in investigating companies
      AP  -  243 words
    • 304 4 UPI SOUTH KOREA plans to produce a US$9OO million trade surplus this year by reducing the import of key raw materials and foreign-made capital goods and by giving more support to export industries. Trade-Industry Minister Kum Jin-Ho said on Tuesday that his
      UPI  -  304 words
    • 391 4 Reuter OPPOSITION contender Corazon Aquino has a campaign lead over President Ferdinand Marcos in six out of 10 of the Philippines' administrative regions, according to a survey published on Tuesday. Business Day, widely regarded as Manila's most independent newspaper, published what it called a confidential
      Reuter  -  391 words
    • 178 4 AFP BEIJING is to ban all unnecessary foreign travel by official delegations because their members have been spending too lavishly while abroad and draining precious foreign currency reserves. Provincial leaders and retired cadres in future will need permission from the State Council
      AFP  -  178 words
    • 242 4 Reuter CHINA announced record foreign investment in the country last year but said little of it was going into priority sectors or high technology and more than three quarters came from Hongkong. The Ministry of Foreign Economic Relations and Trade said in a
      Reuter  -  242 words
    • 816 4 ARRIVALS Operator Service Local From number time LUFT LH688 0005 FRA/DXB OA OA472 0025 SVD/MEL SIA SQII 0125 LAX/TYO PAA PA2I/5 0155 LAX/TYO/HKG RBA BI443 0300 BWN MAS MH681 0820 KUL MAS MH603 0905 KUL MAS MH671 0935 KUL MAS MH811 0940 PEN SIA SQI03 1005 KUL
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    • 456 5 NYT THE EXPLOSION of the space shuttle Challenger could have the effect of raising premiums on insurance that are already expensive and difficult to obtain for commercial satellites carried into space. Specialists in the field said yesterday that the two major pieces
      NYT  -  456 words
    • 313 5 Reuter BRITAIN'S employers have painted a gloomy picture of the country's economy, saying manufacturing growth was slowing and exports falling due to lack of demand. The Confederation of British Industry (CBI), the country's leading employers' organisation, predicted in a survey that output growth would
      Reuter  -  313 words
    • 148 5 AFP WEST GERMANY expects its unemployment rate to drop from 9.3 per cent of the working population to 8.5 per cent with continued economic growth. The Statistics Office of Wiesbaden, meanwhile, announced a record surplus trade balance figure of 73.3 billion deutschemarks (US$3O.5 billion)
      AFP  -  148 words
    • 161 5 AP AN AVIATION ACCORD designed to ensure the safety of commercial flights in the North Pacific took effect yesterday among Japan, the Soviet Union and the US. The agreement, set up to prevent a recurrence of the Korean Air Lines disaster in
      AP  -  161 words
    • 363 5 NYT A PANEL of experts on nuclear weapons design, terrorism and intelligence matters will study the danger of terrorists stealing a nuclear bomb or the material to make one. Leaders of the group asserted on Tuesday that the risk of nuclear terrorism is
      NYT  -  363 words
    • 475 5 US Trade Representative wants a 10 to 15pc cut Reuter US TRADE REPRESENTATIVE Clayton Yeutter has called for a 10 to 15 per cent drop in the dollar exchange rate to make US goods more competitive in overseas markets. Mr Yeutter said in a
      Reuter  -  475 words
    • 150 5 AFP THE AMERICAN government has decided to suspend the publication of its quarterly "flash" estimate of gross national product, an indicator closely monitored in financial circles, Commerce Department sources said. The flash, published since 1963 in the final two weeks of each quarter, relies
      AFP  -  150 words
    • 291 5 AP THE CHAIRMAN of British Petroleum has predicted that oil prices will rise by the spring. Sir Peter Walters told reporters at a London lunch on Tuesday that a price rise would come at a time of year when oil prices normally declined with the
      AP  -  291 words
    • 157 5 AFP THE MEXICAN and Venezuelan presidents will lay the groundwork for a Latin-Ameri-can equivalent of Opec to shore up petroleum prices when the two leaders hold an oil-crisis meeting today at Cancun, Mexico, experts in Caracas predicted. Venezuela's ex-president Carlos Andres Perez
      AFP  -  157 words
  • Page 4 Advertisements
    • 135 4 NIGHTLY CONCERTS AT LE VENDOME •i -r i; LOUNGE S ><• y. At Le Vendome Lounge where music always sets the mood for a totally relaxed evening, you will hear the beautiful strains of string instruments impeccably rendered by a 7-piece string ensemble. The Grand Ensemble now performs nightly with
      135 words
  • Page 4 Miscellaneous
    • 93 4 Doonesbury BY GARRY TRUDEAU S> 3 mm t««u m o itfzS <LC. Where You Arc The Mjhara)ah OFODURSE TVS COME. HOUARE TOU HOLDING JJB£ UfFRJENP? HONEST, SIR, NOT SO WELL. i-j &L I Un 'jj U HAVE iOUEVBZ HAD AN AFFAIR. OF THE HEARJ, SIR, WERE AFTFRYEAFS OFPENIALANDLMNG FROM AFAR,
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  • Page 5 Advertisements
    • 3 5 Leader, Page 8
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    • 132 5 The electronics world has changed. Ask the silicon valleys of Kyoto. Singapore. California. Imagine: Deep in the mainframe of a remote communication centre, a vital system cuts out. The replacement program disk is in Singapore. And it's needed fast! Before PHI., who knows what your fate would have been a
      132 words

  • BANKING AND FINANCE
    • 525 6  -  By ALVIN TAY THE SINGAPORE DOLLAR rose by about 4 per cent last year against the currencies of the Republic's two most important trading partners, the US and Malaysia. But it lost 7 per cent against the Japanese yen, and suffered double-digit falls
      525 words
    • 42 6 Reuter CHINA borrowed U553.53 billion overseas last year, up 814 per cent from 1984. About $2.43 billion was used, up 89.3 per cent. Most of the loans were from governments or international ainisations, with only million in commercial loans. Reuter
      Reuter  -  42 words
    • 347 6 SINGAPORE'S efforts to promote itself as an international fund management centre is beginning to pay off. The Hongkongßank group has picked the Republic to manage its newly launched Wardley Money Market Fund to take advantage of the tax-exemption incentives for offshore fund management
      347 words
    • 197 6 Bernama PHILIPPINE Prime Minister Cesar Virata yesterday said Japanese banks will participate along with the International Monetary Fund and the World Bank in achieving the so-called Baker Plan to ease the debt burden of developing countries. The Baker Plan is a brainchild
      Bernama  -  197 words
    • Article, Illustration
      346 6 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at slightly lower opening levels in quiet afternoon trading. Dealers said Bank of Japan's announcement of a half point cut in its discount rate to 4.5 per cent was generally expected and had little effect on trading. Period rates were mostly
      346 words
    • 787 6 SINGAPORE THE US dollar yesterday closed easier in fairly active but nervous trading after news of a half-point cut in the Japanese discount rate, dealers said. It closed at a seven-year low of 193.40/50 yen against an early 194.65/75 and New York's 195.10/20 close. It fell to a
      787 words
    • 232 6 Interbank rotes at 3pm yesterday: Bid Otter c rooo parity change Locol dollars to oho yiWt of foroign cufftocy. US dolor 2.1350 2.1360 2 8196 -2428 Staring pound 3 0124 ***** 7 3469 -59 00 Austrabon dofcx 1 5201 1 5229 ***** -55 66 NZ dolor 1.1272 1.1310
      232 words
    • 235 6 HONGKONG: GOLD yesterday closed firmer following a fall in the dollar against the yen on announcement of an 0.5 point cut in the Japanese discount rate to 4.5 per cent. It finished at U*****.25/75 an ounce against an initial 353.80/354.30 and was above New York's 352.80/353.30 close. On the
      235 words
    • 386 6 Reuter SIMEX currency futures yesterday closed firmer on commercial and institutional buying following the Bank of Japan's announcement that its discount rate will be cut 0.5 point to 4.5 pet from today. The announcement, though widely expected, brought further buying with March yen trading a record turnover of 2,300
      Reuter  -  386 words
    • 58 6 THE OVERNIGHT rate on the Singapore interbank money market was unchanged from Tuesday to end at per cent yesterday. The one, two and threemonth term rates remained unchanged. S$ Interbank rates at 7pm yesterday: Otto *d Overnight 4 5/8 4 1/2 1-month 5 4 7/8 2-month 5 4
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  • Page 6 Advertisements
    • 51 6 a v 44SP v; n rf Ka^^^reM IM r d rre. e > t V#*L A rte r 9° „L»»e9« W, 9**J aP»V ,y 10 °< J !.^l fCAMPACfff Japanese Restaurant Hotel Equatorial. Tel: *****31. 4th storey. World Trade Centre. Tel: *****28. 6th storey, UIC Bldg, Shenton Way. Tei: *****15.
      51 words
    • 367 6 NOTICES THE COMPANIES ACT, CAP. 1M AND IN THE MATTES OF KUNMA COOLER* |J| 'jj'jj'i i JPTTT^B (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the abovenamed company, duly convened and held at 5001 Beach Road #06-02, Golden Mile Complex, Singapore 0719 on 27th January
      367 words
    • 321 6 NOTICE To the holders of the U.S. $100,000,000 Floating Rate Notes Due 2001 of: NATIONAL BANK OF HUNGARY (Magyar Nemzeti Bank) SZABADSAG TER 8-9, BUOAPGST V, H-1850, HUNGARY We hereby certify that the rate of interest payable on the above mentioned Floating Rate Notes for the Interest Period beginning on
      321 words

  • RAW MATERIALS
    • 335 7 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 156 00 157 00N 155 75 *****N lot 1 RSS Feb 86 155 50 156 50 ***** 156 00 Int 1 RSS Mor 86 160 25 160 75 159
      335 words
    • 169 7 WHEAT FUTURES on Tuesday ranged from up 3'/< US cents a bushel in nearby March to down V* cent in new crop July at the close. March ended near the top of a 3 3 cent range. The nearby month recovered all of Friday's sharp loss, as there was
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    • 173 7 SOYBEAN FUTURES on Tuesday ranged from IVi cents a bushel higher in nearby March to off IVi US cents in September at the quietly traded close on the Chicago Board of Trade. March ended near the middle of a five cent range. The market remained within a tight trading
      173 words
    • 66 7 Bangkok (US$/tonn«, FOB) White Rice 100% 1st class 280 00% 2nd closs 255 100% 3rd class 250 5% 240 10% 235 15% 230 20% 225 25% 215 35% 210 Broken Rice A-l Super 155 A-l Special 152 C-l Special unq C-l Ord unq Loonzain Rice 100% 1st grade unq
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    • 203 7 SINGAPORE THE MARKET yesterday closed lower with February One RSS buyers quoted at 155.00 cents per kilo, down one cent from Tuesday. The morning session lost 0.50 cent on light nearby selling in thin trading. MALAYSIA The market continued dull and easier at midday, and Feb Int One RSS
      203 words
    • 98 7 (cetm/kg, 1-ton pallets) MAR 86 (curront month) (forward month) NOON NOON RAS Buyers Sillin Buyers Sellers SSR 20 160 00 I62 00N 162.00 164 00N SSR 50 158 00 160 00N 160 00 I62 00N MRELB Buyers S#N*rs Beyers 5>Hen SMR CV 225 00 227.00N 226 5q
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    • 160 7 PRICES on the Malaysian crude palm oil market yesterday closed lower on continued selling and lack of fresh demand, influenced by weaker Chicago soyoil futures. Pakistan's purchase of 24,000 tonnes RBD palm oil at its tender on Tuesday failed to aid sentiment. Trading remained thin with interest centred
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    • 393 7 COFFEE ROBUSTA COFFEE futures on Tuesday fell sharply. At the close, second position March was £134 down from the previous close at £2,477, in a £2,580/2,470 high/low. SUGAR Raw sugar futures at the close staged a small shortcovering rally from the day's lows which had been reached in
      393 words
    • 13 7 KL TIN Closing priCM on ion 29 (M$/kg) Price Suspended Turnover (tonnes) Suspended
      13 words
    • 145 7 Chinee* Produce Exchange ScMcri noon donoo pncfi on ion 29 (SJ/100 kg) Coconut oil Bufc F06 64 00 OW drum FOB 77 00 New drum FOB 8100 Copra Mixed (loose) 33 buyer» Popper Muntok White FOB NLW 1352 50 Sarawak White FOB foq NLW 1342 50 Sarawak special
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    • 502 7 Reuter AFP TRADERS and London Metal Exchange (LME) officials gave a mixed welcome to news that the Kuala Lumpur Tin Market (KLTM) is to reopen on Feb 3 after a suspension dating from Oct 25 immediately after the International Tin Council (ITC) ceased supporting
      Reuter; AFP  -  502 words
  • Page 7 Advertisements
    • 305 7 NOTICE IN THE MATTES OP THE COMPANIES ACT, CAP. 185 AND Uit >' I >i. T f.V y y 'j* *¥i] NIDEC (S) PTE LTD (la Members' Vataatary UqnkUtiM) NOTICE OP SPECIAL '3 >C[l] Hlj y [l]C (Parsaaat to Seettoa 2M(2)(b) At an Extraordinary General Meeting of the company held
      305 words
    • 545 7 GONG XIVOU-CHER! Purchase any of the EPSON printers listed below between now and 28 February, and you can receive as many as 7 vouchers worth $50 each! These vouchers are redeemable on all EPSON products. And they're a great way to save during this festive season. So hurry see your
      545 words

  • FEATURES
    • 396 8 CAPE CANAVERAL is in mourning, and so are all Americans. For once, the high-tech space programme has gone wrong. Nobody yet knows why after an apparently perfect launch, Challenger, with seven astronauts aboard, turned into a fireball. It was, it seems, about a minute after launch,
      396 words
    • 1209 8  -  Corporate takeovers, which have become a favourite blood sport in the Australian business world, are about to be curbed with impending changes to the country's existing takeover legislation, reports FLORENCE CHONG from Sydney. FLORENCE CHONG AUSTRALIA'S leading newspapers publish regularly a list of takeovers
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    • 201 8 THE LATEST Asian player in the Australian takeover scene is Sime Darby Berhad which last week completed its A 53.7 million partial takeover of Mortlock Brothers Ltd, based in Perth. Mortlock manufactures bus bodies, roller doors and tubular steel furniture. Its main
      201 words
    • 376 8 letter to the Editor DEAR SIR We seem to be the forgotten people in this beleaguered affair of Pan-El. For many years we have toiled for this company, watch it grow to what it has become before its sudden collapse. What has been our
      376 words
  • Page 8 Advertisements
    • 244 8 BATTLE OF THE STORES J*** cT M ARMED with aggressive marketing strategies, more superstores Jaya Jusco, Yaohan, Harrods enter the fray to gain a foothold in an already crowded industry, raising the spectre of a shdkeout as smaller companies lose out to the established chains. Suppliers worry about increasing credit
      244 words
  • Page 8 Miscellaneous
    • 667 8 CRYPTIC PUZZLE ACROSS I Tail-ender (6) 7 Aircraft in dogfights? (8) 8 Double-sided skirt? (4) 10 The position symbolised? (6) 11 Clem's upset about us having beef (6) 14 Pull some plugs out (3) 16 Written down, but not by an Editor (5) 17 Too long mincing sage (4) 19
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  • SPORTS
    • 365 9 AP STEVE CRAM, Britain's double world record holder, may run the 800 m and 1,500 m at the next Commonwealth Games, the first time he will have doubled up at a major athletics meeting. "If everything goes well and I don't get
      AP  -  365 words
    • 88 9 AFP CHINA'S first ever international women's marathon will be held on March 23 in Shanghai with about 200 athletes from about a dozen countries taking part. A Chinese official said in Tokyo yesterday that the organising committee planned to invite more than 30 of the world's
      AFP  -  88 words
    • 326 9 WORLD CUP '86 AFP SCOTLAND LAUNCHED its countdown to the World Cup finals in Mexico with an undistinguished 1-0 victory over Israel in the eerie silence of an almost deserted Ramat Can Stadium in Tel Aviv on Tuesday. Paul McStay struck on the hour to earn
      AFP  -  326 words
    • 612 9  -  By WALTON MORAIS LIM LENG ANN chipped and putted his way to a six-stroke victory in the Professional Golfers' Association monthly competition at Changi yesterday and in the process gained a place in the Republic's threeman Dunhill Cup team. Entering yesterday's tournament fourth in
      Picture by Jonathan Choo  -  612 words
    • 349 9 AP UNSEEDED Leonardo Lavalle of Mexico upset third-seed Stefan Edberg of Sweden 1-6, 6-4, 7-5 on Tuesday to enter the third round of the U*****,000 US pro indoor tennis championship. Earlier, Slobodan Zivojinovic, a strong-armed Yugoslav, upset No 15 seed David Pate of the US 6-4,
      AP  -  349 words
    • 280 9 AFP YANNICK NOAH, who became the first Frenchman to win the French Open in 37 years when he triumphed in 1983, will never return to live in France. The 25-year-old player virtually fled to the US two years ago, complaining he was constantly
      AFP  -  280 words
    • 342 9 UPI LEGAL SPORTS BOOKS took a beating when William "The Refrigerator" Perry of the Super Bowl champion Chicago Bears rushed for a touchdown against the New England Patriots, according to oddsmakers. Both the Barbary Coast and Caesars Palace initially posted 12-1 odds against
      UPI  -  342 words
    • 274 9 AP A TOP TRINIDAD official has said that the best way for five English cricket players to disavow South Africa would be to take their names off a United Nations list. Foreign Minister Errol Mahabir of Trinidad and Tobago was speaking on a
      AP  -  274 words
  • Page 9 Advertisements
    • 168 9 NOTICES VELDAPO IMPKX PTE. LTD. NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act (Cap. 185) that the Final Meeting of Members of the abovenamed Company will be held at the office of Tan Chew Chua Co., 100, Jalan Sultan, #08-07, Sultan Plaza. Singapore 0719 on Monday,
      168 words
    • 166 9 AUDIO VISUAL ASIA (PTE) LID. NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act (Cap. 185) that the Final Meeting of Members of the abovenamed Company will be held at the office of Tan Chew Chua Co., 100, Jalan Sultan. #08-07, Sultan Plaza, Singapore 0719 on Monday,
      166 words
  • Page 9 Miscellaneous
    • 1063 9 w sm Rim® THURSDAY FEATURE SPECIAL Silver Streak 10.30 pm, Channel 5 e* 7.30 PM SBC Text Somple Pages. 8.00 Opening and Programme Highlights followed by Television Canned Laughter. A look at the comedies created especially for television. 8.50 One Hundred Great Paintings Nude: Olympia by Manet. 9.00 Cosmopolitan Theatre
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  • INTERNATIONAL STOCKS
    • 313 10 FT BF GOODRICH and Uniroyal, two of the leading US tyre manufacturers, are planning to combine their tyre businesses in a 50-50 joint venture which will become the second largest manufacturer of its kind in the US. The deal, announced in New
      FT  -  313 words
    • 64 10 Reuter MCDONALD'S CORP plans to add about 500 restaurants this year, about 200 outside the US. It said that last year, a new McDonald's opened every 15 hours somewhere in the world, increasing the total number of outlets to 8,901 at Dec 31 from 8,304 a year
      Reuter  -  64 words
    • 143 10 Reuter EXXON CORP, which earlier reported higher fourthquarter net income but lower profits for all of 1985, said earnings for the year were hurt by a US$545 million second-quarter charge taken in anticipation of a negative judgement in the Hawkins field case. The company said
      Reuter  -  143 words
    • 322 10 Reuter THE NEW YORK share market was shaken at midday on Tuesday by the space shuttle tragedy, but the market was able to regain its composure and close sharply higher. Fuelled by hopes for lower interest rates, the Dow Jones Industrial Average soared
      Reuter  -  322 words
    • 127 10 JAN 28 CJ Imp CM 46* knco 20* Abrtibt 17* 42* 44* 1 tit Utt 20* 20* 17* Argo«n Hklgj Lobtow B 22* unch Bonk Mont 32* Mowy F«rg 3 Bonk Novo Scotia Mc BkxM 26* 1 38* 20* 30* 27* unch 38* Can Imp Bk 21 -20* Norondo
      127 words
    • 193 10 JAN 2S UHMC Wodworth 1250 unch INDUSTRIALS MININGS A Alpha ***** 250 5 Anglos 4250 -75 -10 5 *****8 unch 580 Blyyoors 1725 25 -50 unch unch Buttah 8600 -50 Charter 875 2375 Cora Gold 2075 90 2306 Cora Mt*ch 1175 -25 ClKli® FiflOHC® unch 1775 25 9400 5500
      193 words
    • 656 10 JAN 21 us$ Akan AJurrwi Alcoa Altghtny Lud AM Own Cp Ak«d Storas Afcs-Chalman Am Brandt kx Am Broadcast Am Can Co Am Cyanarrad Am Elac Pwr Am Exprass Am Horn* Prod Am Motors Cp Am Natural Gat Am Tal Tal Amax Inc Amaroda Mass AA/f Inc Amr
      656 words
    • 885 10 Amsterdam JAN 21 Fli ABN 561 00 -7 ***** -08 Ahold 8190 -17 160 50 -16 AMEV 85 60 -2 4 Amfo» Amro Bonk ***** -1 39 00 unch Bote 562 00 -8 Bothoin Bur Tat 138 00 -1.5 Cotand Colva 511 00 -9 D«* M, ElMvMf 175
      885 words
  • Page 10 Advertisements
    • 600 10 sa E* m m v s I m #f:P TONIGHT A Whole Suckling The Chef carves 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 a turn, on the one and
      600 words
    • 238 10 w r n 35i bi ki The best Teochew delicacies, dian-xin and seafood dishes in town. Discover mouth-watering delights prepared by Hong Kong chefs. And feel like royalty while you dine in Oriental splendour. Open daily from: 11.00 am 3.00pm for lunch and 6.00pm 11.00pm for dinner Ample parking space
      238 words

  • ASIAN STOCKS
    • 394 11 HONGKONG: Share prices yesterday closed lower in moderately active trading on concern over the health of second- and third-line companies. TTie Hang Seng Index fell 18.03 points to end the half-day at 1,736.35. Brokers said the suspension of Wah Kwong Shipping gave the market a bearish sentiment which was
      394 words
    • 216 11 JAM 29 NT Nan Y a Ptas 33 10 1880 0.1 Al Sincere Indus 2 23 26 60 005 04 Pocific Elect W*e M.85 0 4 32 80 1 5 Poolung Paper 0 79 0 03 Chang Hwa Bonk 45 20 22 90 12 Sharp Shihlin Paper 15 40
      216 words
    • 403 11 TOKYO: Share prices yesterday eased on the first day of trading for February delivery and ahead of an expected half-point cut in Japan's 5 per cent discount rate, brokers said. The rate was official- ly lowered after the market closed. The market average lost 36.55 points to close at
      403 words
    • 41 11 JAN 29 r#em Onenfai B Phrfex B 0013 0 15 unch 0 001 unch 0 0095 unch PLOT 39 50 12 0001 0 003 20 *0 25 106 0006 COCP 700 F**t Ph4 HWgs 2 02 0 044 unch Vukon
      41 words
    • 379 11 SYDNEY: Australian share markets yesterday closed firmer on strong demand for industrial stocks and a shortage of scrip, brokers said. At the close of trading, the All Ordinaries Index had risen 4.9 points to 1,060.5 and the All Industrials 10.3 to a record close of 1,575.8 after reaching a
      379 words
    • 77 11 JAN 29 Bonk Seoul Woo 670 -10 Hyundoi Const Hyundai Motor KAL 1000 1888 715 -15 1 Choheung Bk 620 -10 Commercial Bk Doekm Ind 672 505 unch +6 Yukong 1645 15 Daewoo Corp 480 877 •15 8 Lucky Ltd 775 720 -6 10 469 -2 1527 1 GoW
      77 words
    • 127 11 BANGKOK: The Securities Exchange of Thailand Index yesterday dipped 0.60 to 139.04. Turnover amounted to 278,216 shares valued at 33.9 million baht. JAM 29 Aokhom Thai Mm Siam Citizen Sam City 70 452 -2 -8 Ayultioyo Inv -4 -0 25 unch -1 -2 -1 Sootti Ana Fix* Strong Pack
      127 words
    • 62 11 UPI SANYO ELECTRIC CO, a major Japanese electric appliances manufacturer, recorded increases in sales and net profits for the year ended Nov 30 due mainly to brisk exports of colour television sets and air conditioners. The Osaka-based company said sales hit a record of 1,047.64 billion
      UPI  -  62 words
    • 229 11 Reuter PAKISTAN is to allow trading of recently floated foreign exchange certificates on its stock exchanges, stock brokers said. The Karachi Stock Exchange was waiting for rules governing the trading of the certificates which the government offered last August to boost its foreign exchange
      Reuter  -  229 words
    • 72 11 Reuter WOODSIDE PETROLEUM has completed two floating rate note issues to raise US$6OO million. The two $300-million issues are part of a $1.65 billion, 12-year project loan facility to refinance Woodside's stake in the North West Shelf gas project. Both issues bear interest at
      Reuter  -  72 words
    • 140 11 AFP THE Hongkong Industrial and Commercial Bank (HICB) has reported a net loss of more than HK$lO.B million for the six months ended December last year. The figure was reported by the government-appointed board of the HICB, which was taken over
      AFP  -  140 words
    • 186 11 AP KEY TRONIC CORP has been discussing a possible joint venture, buyout or other relationship with Minebea Co Ltd of Japan. Charles Reilly, Key Tronic's chief financial officer, said that negotiations with Minebea were focusing on Minebea's possible contract manufacturing of Key Tronic products
      AP  -  186 words
    • 100 11 Reuter ICI AUSTRALIA Ltd will acquire the 29.6 per cent stake of Dulux Australia Ltd held by UK-based Cookson Group PLC. ICI chairman Milton Bridgland did not disclose the cost of the acquisition but he said the deal was subject to Foreign Investment
      Reuter  -  100 words
  • Page 11 Advertisements
    • 93 11 5? T W) 1. s»- >, Wgwm The start of an experience so authentic yet unique. H ~V-< v>. i Opening Hours: Lunch: 11 a.m. to 3 p.m. Dinner: 6 p.m. to 10.30 p.m. KINTA'MANI -INDONESIAN RESTAURANT- The pleasures of Penang Cafe Plaza has flown in three chefs from \v\
      93 words
    • 126 11 lUu f f \.l f J7 All the $a'//an/tne) FINEST you call for... during lunch or dinner is on the house! And that goes for any beer or soft drink too between January Ist and March 31st Call 732 1222 ext 1589 for reservations. See you soon Cheers' Ample free
      126 words
    • 204 11 HIGHLIGHT Glamourous Fashions W<§ Jan 31 9 11pm to 11.30pm V Top models from Imp International will dazzle you with the latest fashions We're blasting off tonight and every night at Para Wave Discotheque Take oft to the stars groove to the pulsating rhythms spun by the dynamic music makers.
      204 words
    • 106 11 MAGICALLY HYATT I+l=l 1 i l!?! When guests order any beverage, standard or premium, at selected outlets*, they will get a second drink, all for the price of one! It's a magic formula applicable dailv at Scott's The Lounge Chinoiserie (Members and hotel guests only) .dWi 5 (H) PM 7.30
      106 words
    • 109 11 *12.50 Children below 12 years old S9 00* BUFFET-LUNCH COMBINING THE BEST OF EASTERN WESTERN DISHES Jointly prosantad by N Calm-Court Poking Sichuan Restaurant A Tha Coffaa Qardan S v** i- V i'r a y w 19, Cairnhill Circle, Singapore 0922. Tel: *****22 Telex: RS ***** r WmJt» Take your
      109 words

  • SHARE INFORMATION
    • 4222 12 MALAYSIAN-BASED stocks came under selling pressure yesterday in the face of widespread rumours of the possible arrests of some prominent tycoons. The price weakness was especially pronounced in the closing moments of trading. The attack of Jitters also affected local blue chips, causing
      4,222 words
    • 275 12 SINGAPORE Rites H Tot-Poo 65 Londnwrii H 50< 170 J C MPM 95 MotokoH 228 C K Tang 154 JCIm 94 G Lata 63 iis Fails Now Sound* 180 H Loong Crodrt 380 Root Etoct 230 Kontadty Spin 193 TDM 136 MUl 112 1 Koyo 60 S-o
      275 words
    • 3111 12 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 bracket* In lots of 1.000 units unless otherwise specified. AU Time Settlement Contracts are quoted after the word "SETT".
      3,111 words
    • 106 12 HONGKONG Tuesday 1565 7Week ago 1570 4* Hong Seng Index Wednesday 1736 35 Tuesday 1754.38 NEW YORK Week ago 1737.94 Dow Jones Tuesday 1556 42 TOKYO Monday 1537 61 Nikkei Averoae Week ogo 1514.45 Wednesday *****.14 Tuesday *****.69 Week ago *****.32 Standard Poors Tuesday 209 81 Monday 207
      106 words
  • Page 12 Advertisements

  • COMPANY NEWS
    • 770 13 TROUBLED UMW Corporation, headed by Datuk Eric Chia, has to raise some Mss7 million by the end of February and a further $55 million by end-July to repay its creditor banks. This was agreed to in an agreement drawn up by Bank of America
      770 words
    • 215 13 THE SHANGRI-LA HOTEL group has decided to acquire the entire shareholding in Baughen Investments Ltd, a company set up specially to represent the group's interest in a piece of Hongkong property bought for HKJ39S million in 1981. Shangri-La Hotel (HK), of which the local Shangri-La
      215 words
    • 228 13 SHARE PRICES declined across the board under heavy selling pressure at the Kuala Lumpur stock market yesterday. Speculative stocks led the list of major losers and these finished with doubledigit losses. Industrials, property and finance counters were among the most active for the day
      228 words
    • 3300 13 -BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. MDUSTMALS A Choc (1925) (5) 1 96(1) I 95 (7)
      3,300 words
    • 284 13 Managers' prices MARA-Bumiputra for Jan 30 First B'putro 4 46 4 51 Singapore Unit Trust Second B'putro Third B'putro 4 17 4 22 3 44 3 49 The Commerce 0 87 0 92 Fourth B'putro 3 71 3 76 The Savings Fund 0 77 0 82 Fifth B'putro
      284 words
    • 439 13 Bernama PROMET BHD'S new deputy chairman, prominent bumiputra businessman Moehamed Izat Emir, is all set to play a role in the diversified Malaysian conglomerate. "I intend to understand the company as much as I can and contribute towards its growth
      Bernama  -  439 words
    • LATEST
      • 31 13 For the year ended Oct 31, 1985, the group made pre-tax profits of M 54.64 million (from $3.98 million) on operating revenue of $45.39 million (from $23.4 million).
        31 words
  • Page 13 Advertisements
    • 294 13 IF YOU WANT TO GET AHEAD, START BY KEEPING UP. It's easy to spot the people on the move in business. They're already reacting to the latest developments before others are even aware of them They read The Asian Wall Street Journal All the business news you need. Every business
      294 words

  • 460 14  -  Wage costs to decrease by as much as 12pc By FOO CHOY PENG Chief Reporter EMPLOYERS will save about $1.8 billion in Central Provident Fund contributions annually and 12 per cent in wage costs if their CPF rate is reduced by
    Jennifer Chua  -  460 words
  • 241 14 AN EXTRA $3 billion will be spent on education over the next 10 years, taking expenditure in this area up to 6 per cent of gross domestic product, First Deputy Prime Minister Goh Chok Tong announced yesterday. Current spending
    241 words
  • 377 14 AN INDICATION by First Deputy Prime Minister Gob Chok Tong's that employers' CPF contribution would reduce by 15 points was seen as a bold decision by several business organisations. Mr C N Watson, the group chief executive of Sembawang Shipyard and chairman of the Singapore
    377 words
  • 211 14 SINGAPORE will encourage all forms of investment as long as they are profitable, says the First Deputy Prime Minister Goh Chok Tong. Mr Goh's statement yesterday signals a move away from the emphasis on high-technology projects. The recession has led to a rethink on investment policy.
    211 words
  • 591 14  -  By MANO SABNANI Deputy Editor, in London AN INSIGHT into the general thrust of the main recommendations of the Economic Committee will be presented to a London audience today at a conference in London on the future of Singapore. Brigadier-General Lee
    591 words
  • 104 14 Reuter COMEX GOLD FUTURES gained US$l.5O to $1.00 per ounce on mixed buying against a weak dollar yesterday morning, with the cut in Japan's discount rate rekindling hopes of a downward adjustment in the US rate. Gold for delivery in February added $1.50 at $355.20 an ounce before
    Reuter  -  104 words
  • 71 14 Reuter THE NEW YORK stock market was yesterday moving higher in active trading, adding to gains of the previous four sessions. A cut in the Japanese discount rate to 4.5 per cent from 5 per cent, which was expected, provided encouragement to investors. The Dow Jones Industrial
    Reuter  -  71 words
  • LATE FILE
    • 52 14 AP OPEC market experts began meeting in Vienna yesterday on ways to maintain the 13member organisation's share of the oil market despite low prices, tough outside competition and an oversupply. Opecna said the experts would prepare a report for a special committee of five Opec oil
      AP  -  52 words
    • 56 14 Reuter THE British government yesterday unveiled plans for a new poll tax to be levied on everyone over the age of 18. The plans envisage the phasing out of a tax paid by house-owners in favour of a "community charge". Opposition Labour Party politicians have
      Reuter  -  56 words
    • 50 14 Reuter ABOUT 500 tin miners marched on the British Parliament yesterday to demand government action on ending the three-month-old crisis which has virtually paralysed trading in the metal. The miners planned to lobby Members of Parliament to press for government moves to ensure their survival. Reuter
      Reuter  -  50 words
    • 31 14 AFP SOUTH KOREA yesterday renewed its call for China and the Soviet Union to recognise Seoul in exchange for Japan and the US normalising ties with Pyongyang.
      AFP  -  31 words
    • 60 14 Reuter AUSTRALIA'S gross domestic product growth is expected to slow to around 3 to 4 per cent this year from an estimated 5 per cent in 1985, said Capel Court Corp's chief economist John Marsden yesterday. But even on conservative private sector forecasts, the growth
      Reuter  -  60 words
    • 40 14 AFP CUBAN leader Fidel Castro yesterday warned Panama to beware of a possible Liby-an-backed terrorist attack against the Panama Canal. US intelligence sources said the Cuban leader regarded Colonel Gaddafi as "an irresponsible hothead". AFP
      AFP  -  40 words
    • 48 14 Reuter ISRAELI warplanes struck at Palestinian refugee camps in Sidon yesterday and state-owned Beirut Radio said three people were wounded. Witnesses said four jets swooped in over the Mediterranean and rocketed targets on the fringe of Ain al-Hilweh and Miyeh Miyeh camps. Reuter
      Reuter  -  48 words
  • 419 14 THE DEBT LADEN Malaysian group, United Motor Works, is planning to sell off its Singapore telephone answering machine manufacturers. Although company officials refused to comment, it is believed that Phonesitter Manufacturing Pte Ltd would be sold off as part of a move by
    419 words
  • 173 14 Reuter UPI OPPOSITION LEADERS yesterday accused backers of President Ferdinand Marcos of opening a bag of dirty tricks, plots and intrigues to win next week's election by fraud. Presidential contender Corazon Aquino said Mr Marcos might pull out on the morning of polling day and
    Reuter; UPI  -  173 words
  • 198 14 Bernama MALAYSIA'S Telecoms will be fully privatised by June the latest, said Deputy Energy, Telecommunications and Posts Minister Haji Abdul Rahim Bakar yesterday. He told reporters after opening the NEC computers and communications exhibition at Kuala Lumpur that "the process of Syarikat Telekom
    Bernama  -  198 words
  • 881 14 SHARE PRICES yesterday opened mixed but with a slightly firmer bias, with sentiment helped by Tuesday's advance on Wall Street and steady sterling. At 10.45 am, the FTSE 100 Index was 1.5 points up at 1,427.8. ICI at 804 and Lucas at 500 gained 4p apiece while Glaxo
    881 words
  • Page 14 Advertisements
    • 157 14 Jervois Mansions 18,19 &20 Jervois Road DISTRICT 1024 NEAR TO LIANG COURT (DAIMARU). Opp. Malaysian High Commission MAISONETTE'S INTERIOR f Jervois Mansions is conveniently situated in the midst of a prestigious residential area where foreign embassies, higher educational institutions, schools, supermarkets, hotels, recreational parks, cinemas and churches are nearby! An
      157 words
    • 10 14 UMW mutt raise Mss7m by end of February, Page 13
      10 words
  • Page 14 Miscellaneous
    • 57 14 Outlook for today: Foir except for showers over o few areas in the afternoon. Report for 24 hours prior to 7 30pm on Jon 29 at the airport Maximum temperature 30.0 Associated humidity 62 Minimum temperature 23.1 Associated humidity 88 Hours of sunshine 2.50 Rainfall in millimetres nil Rainfall this
      57 words

  • SHIPPING TIMES
    • 100 15 WARTSILA Diesel of Finland and the Korean Ssangyong Heavy Industries have agreed to manufacture Wartsila Diesel's medium-speed engines under licence in Korea. The agreement includes the production of Wartsila's Vasa type engines for the Korean market. The engines will be manufactured at Ssangyong's premises in
      100 words
    • 383 15  -  By G DURAIRAJ PENANG PORT handled less cargo last year as a result of falling imports. Predictably, however, positive growth was registered in container traffic. Overall traffic at the port fell to 7.45 million freight tonnes compared with 7.96 million tonnes in 1984.
      383 words
    • 248 15 Reuter GLOBAL MARINE Inc showed assets of US$l.72 billion and liabilities of $964.7 million in its petition for reorganisation under Chapter 11 of the US bankruptcy code. The petition, filed late Monday, said the liabilities include $432.9 million of debt securities, $100 million
      Reuter  -  248 words
    • PORT SIDES
      • 88 15 International Transport Journal THE PORT of Tacoma has ordered a third container crane from the Japanese manufacturer Sumitomo Heavy Industries, to supplement the original order for two units placed last year. All three units will be delivered to the port fully assembled aboard a specially designed
        International Transport Journal  -  88 words
      • 40 15 Reuter THE AUSTRALIAN and New Zealand/Eastern Shipping Conference will raise its currency adjustment factor to 11.5 per cent from 7 per cent for shipments to Australia and Papua New Guinea from Japan, effective Feb 3. Reuter
        Reuter  -  40 words
      • 104 15 TRADING in tanker freight futures is to begin in London on Feb 10. Mr Richard Hunt, chairman of the Baltic Exchange, will officially open the Biff ex (Baltic International Freight Futures Exchange) tanker contract. The contract will be settled in cash against the Baltic tanker index (BTI)
        104 words
      • 85 15 International Transport Journal OVERSEAS CONTAINERS Ltd will start a monthly service linking the key trading areas of the Indian Ocean. The line will charter a new British 345-TEU container ship fcr the service which will be managed by OCL's Tradelink division. The vessel will call at
        International Transport Journal  -  85 words
      • 94 15 A TAIWANESE fisherman who fell into a coma because of gastric illness was saved by a Chinese naval vessel in the East China Sea, the official Xinhua news agency said. The report said Chen Qingfa, 51, from Keelung, became critically ill while fishing east of
        94 words
    • 1022 16 SLOW CHARTERING began to take its toll on North American grain freight rates on Tuesday on the London shipping freights market. The US North PacificJapan bulker rate for 52,000-ton shipments dropped by 25 cents to US$B.75 (fio) when the Korea Shipping Corporation fixed the Heritage in a mid-February
      1,022 words
    • 468 16 Lloyd's List ISRAEL'S national flag line, Zim, returned to profit last year recording a performance above its targeted budget after an extensive cost-cutting exercise. Preliminary results show a considerable turnround for the group which ran into problems in 1964, forcing it to savagely
      Lloyd's List  -  468 words
    • 240 16 Reuter NORFOLK SOUTHERN Corporation (NS) chairman Robert Clayter said he believes the company has mustered sufficient votes for a passage in the Senate of legislation that would allow it to buy Consolidated Rail Corp. "While we are far from certain, we believe we have
      Reuter  -  240 words
    • 811 16 Jan 27-29 1966 Asian Inspection Repair 4 Maintenance Conference to be staged in Singapore is organised by the Institute for International Research and co-sponsored by the National Association of Corrosion Engineers (USA). The conference for the offshore and marine industries will focus on the latest advances in corrosion
      811 words
    • 642 16 AB Shpg V 5 Accord Shpg VI 3 Afea Line VI 3 Anro Service IV 3/4 ANL I J/2 APC Line V 4 APL I» 2/3 ASCL III 1 Bait-Canada Line VII 4/5 Bait-Orient Line VH 4/5 Bank Line V 5 BBS H 4/5 Ben Lme Cont
      642 words
    • 202 16 A BRITISH Salvage expert has unveiled a huge treasure hoard worth more than US$4 million raised last year from a wreck in the South China Sea. Michael Hatcher 45, an- nounced his discovery in the Amsterdam auction house which will sell it for him
      202 words
    • 170 17 A MAJOR CONFERENCE and exhibition will be held in Bombay, India, in December. Marintec '86 seeks to tap one of the few remaining growth markets in the world. The maritime sector has been given a new lease following the recent liberalisation of the
      170 words
    • 570 17 FT WAH KWONG which requested suspension of trading in its shares on Tuesday has appointed Amex Asia, the merchant banking arm of the American Express Bank, to assist the group to "analyse its financial position" and to take the measures needed to
      FT  -  570 words
    • 292 17 Reuter IRAN, which has announced a halving of oil output in response to falling prices, has faced problems this month in exporting crude, oil industry and shipping sources in the Gulf said. The problems, which some sources said have stopped liftings at the main
      Reuter  -  292 words
    • 242 17  -  By Kingsley Wood THE A 54,000 FINE imposed on the master of a Filipino tug for not maintaining the ship's firefighting and lifesaving equipment is the first of what on average will be some eight prosecutions brought this year against masters of visiting ships. The tug,
      242 words
    • 151 17 Lloyd's List BRITISH shipowner Stephenson Clarke has awarded a contract for fitting the first modern sail system for a cargo vessel in Europe to Southampton company Vosper Shiprepairers. The work to install the first full-scale operational unit from Walker Wingsail Systems will be carried out concurrently
      Lloyd's List  -  151 words
    • 771 19 AUSTRALIA Jan 2 Queensland Cairns, Mourilyan, Cape Flattery, Townsville, Mackay, Hay Point, Dalrymple Bay, Abbot Point. Gladstone Working normally. Brisbane Berthing congestion at grain terminal. Labour available. New South Wales-Newcastle Coal: 2 vessels loading, 4 waiting, 21 due by end January. Grain: 1 vessel loading, 2 waiting, 2
      771 words
    • 187 19 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang shipping. ANRO (STRAITS/ AUSTRALIA): Australian National Line. Australia/Straits Container Line.
      187 words
    • 5955 22 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      5,955 words
    • 722 23 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Tanoh Air 509 31.1.86 0100 NAPL F7 1600-1700 B3 Annapurna 431 31.1.86 0400 S Consort F8 1900-2000 U3 Columbia Sta 0574 31.1.86 0600 Austasia F1 2100-2200 B8
      722 words
    • 1652 23 The leading shipping lines operating from local ports and their agents. A-B A Top Enterprises Pte Ltd Some (S) AB Shipping Boustead Shpg Agencies Afeo Line Africon Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceonus Shipping gencies (S) Mulliport Sdn Bhd (PK)
      1,652 words
    • 471 24 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Prof Rylke K17 Baltic FE alongside 30.1.86/0600 Qinghecheng K15 Y Fung alongside 30.1.86/0600 S'thern Glory K27 S'pore Shp alongside 30.1.86/0100 Str Venture K25W SSPL alongside 30.1.86/1500 Bintulu 1 K9 Optorg 30.1.86/1500 30.1.86/1800 CGM Velay K10 Sealion 30.1.86/1930
      471 words
  • Page 15 Advertisements
    • 733 15 Concise Comprehensive Contemporary Available al all good bookshops and newsagents Distributed by 2 ;7X PUBLICATIONS OOCL Okient Oveiqeas Contain** Line STRAITS EUROPE EXPRESS SERVICE lAMMC SWPWG AGENCIS (Reg No *****4/ OOK) 70 Shenlon Way #04 03 Marina House Singaoo'f 0?07 Tel *****11 TELEX NO RS ***** CFS OFFICE IPC *03
      733 words
    • 66 15 ISRAEL'S national flag line, Zim, returned to profit last year recording a performance above its targeted budget. Page II WAH KWONG has appointed Amex Asia to assist the group to "analyse its financial position" and to take the measures needed to ensure "financial stability". Page 111 Index to advertisers 'I
      66 words
    • 1089 15 A hard look at what it will take to succeed in business for the next 20 years With turbulent i- times ahead. ■7 forewarned will be A forearmed $22.00. THE BOOKSHOf FAST TRANSIT TO MIDDLE EAST SINGAPORE/DUBAI 8 DAYS SINGAPORE/DAMMAM 9 DAYS SINGAPORE/BAHRAIN 10 DAYS SINGAPORE/KUWAIT —11 DAYS S pore
      1,089 words

  • Page 16 Advertisements
    • 437 16 g Y.S. LINE YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Pacific South West Feeder at Tokyo Mother VSL LA/LB OAK S KASHU M 1/3 4/3 P ARROW 1/3 11/3 BEISHU M 15/3 11/3 Pacific North Wast Feader at Kobe Mother Kl »T Kl TOKYO M. 5/3 C/ 3 HAKOff M 16/3 17/3
      437 words
    • 297 16 N NID B TUT* n (OSMBO BAUD TfXAS n MC*STE» t-' "•'.'Ji 'l CTI' 1 NEXT ARRIVALS BARBER PERSEUS 27/1. B t€CT(* 17/2. TOURCOOIG */2 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA BAftßOt TOW BAJtBCR TUT* Mu icceptmg contn tor Hnaltn (MLB). S Francoca Oakland Stocktan and San
      297 words

  • Page 17 Advertisements
    • 1125 17 The Straits Steamship Group psp occ Mansfield Container Shipping Re Ltd Overseas Containers Limited [CONTAINERS HIP SERVICE TO UK/CONTINENT KASUCA MMU KM VON KOWIOON MY an OF EDMURGH FRANK FIAT EXPRESS TOR 10 EXPRESS KAMAKURA MMU irvERPOOt BAT RHME MAWJ KOWIOON BAT Hamtw| to Aartw. Gothenbwi Rotterdam to Antwerp. Amsterdam.
      1,125 words
    • 815 17 K LINE KAWASAKI KISEN KAISHA, LTD. INDEPENDENT WEEKLY SERVICE FREMANTLE BRIDGE Vl9 SINGAPORE 19 Feb'B6 PORT KELANG 20 Feb '86 PENANG 21 Feb '86 SINGAPORE 22 Feb '86 TOTAL SERVICE TOTAL COMMITMENT EEEffia fl keelung Kobe Singapore Agent KAWASAKI SINGAPORE (PTE) LTD 135. Cecil Street. #11-01 LKN Bldg TEL: *****77
      815 words

  • Page 18 Advertisements
    • 459 18 lj m MJL Hapag-Lloyd TO CONTINENT/UK EXPORTS On carriate to Scandnavia, Med, Carribean &S. America Wand hairiafe to inland destinations in Europe Spore PKHanfPtnanf leiioesßdbao Genoa Hbw( Rdam Buy en I'wcrp *1 MuDa>ak.ati 1/2 11/2 12/2 1/3 19/3 15/3 12/3 BH rourns 10/2 14/3 10/3 7/3 Soptae fbckmeri 1/3 10/3
      459 words
    • 201 18 a oata S*» jsa.iaa FULLY CONT AINERIS ED SERVICE KOREAN lACEM 32* ICPTUW CRYSTAI 33N KOREAN CHANCF tt* SEVEN SEAS BRDGE MN 5/? (3/2) 17/2 (10/2) 19/2 (17/2) 26/2 (24/2) FROM EUROPE VIA SUEZ ,he Ace Consortium SEWN SEAS BRDGE S3E CD TOKYO a. TRANSWORLD BRDGE 2K FUlir CONTAINERISED TO
      201 words
    • 623 18 /iff Hai Sun Hup Co (Pte) Ltd TEL: *****06 (20 Lines) TLX RS ***** RS ***** EASTERN CAR I INFR. ITl). t«3 Specialist in RO/RO Servici Accepting heavy lifts upto 80 K/Tons Sailings from Japan V«M< 9KI tMISUTUW V4O PtMCt MA*U NO I (73 Still NAGOY* *37 ROTU VI Spore
      623 words
    • 477 18 r EVERGREEN Full Container Service (WD GfMUS EWER GOLDEN EMR GONG eVCR GATUR [MAGUDE [MR GOMRN fMR GLORY Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPT* CARGO 10 1) ntovnici KM MM SAVAMIAH. BOSTON PKAOELPHA. NOAfOH lACKSONMLLE MHNGION HMD* ETC 2) atianta cmcago detroh columus t ona mm* mcrobrdge oestwatob 3) CRISTOBAL
      477 words
    • 153 18 EXSINOSE u MARITIME PTE LTD Muß SUN UNION LINE KARACHI SERVICE SMGATORE P KELWC PENANG LOAD FOB tmtaiyo marine line WEST AUSTRALIA SERVICE VSL PT KELANG S PORE PHEOLANO F'MANTLE PAKARTI LIMA V 2S Sailed 3/2 (PHedland Geraldton subject to Inducement) EAST AUSTRALIA SERVICE VSL PT KELANG S PORE SYD
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  • Page 19 Advertisements
    • 339 19 AUSTASIA LINE AND MERLION SHIPPING AGENCY BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN LYTTELTON, INVERCARGIL A FIJI COIUMBM STAR 31 Jan 12 Fib 14 Ftb ESKRANCE BAY
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    • 81 19 THONG SOON \ljgatfk, AGENCIES PTE. LTD. #09-07, Robina House, S pore 0106 Tel: *****88. Telex: RS ***** BOOKING: *****56 (DIRECT LINE) SINGAPORE TO PEN ANG CONTAINER FEEDER SERVICE MIDDLE EAST SERVICE JAKARTA SWGAPORE FOR A VESSEL 15/2 Hodeidah ledd* EUROPE SERVICE lAKARTA SINGAPORE FOR GANDA BHAKTI 15/1 3/2 Europe m*i
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    • 778 19 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTJUNER SERVICE FROM UK/CONTI HAM B HAVEN RDAM HAVRE SION Beru.on SaM SaM Sated SaM SaM Honftonf Eipreu SaM SjM SjM SjM SjM Kmton Bar SjM SjM SjM SjM SjM BeruMcr SjM SjM SjM SjM SjM City ol fdrtwfti SjM SjM SjM
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    • 624 19 in DJAKARTA LLOYD INDONESIAN NATIONAL LINE TO JAKARTA/SURABAYA CONTAINER SERVICE WEST BOUND STOH OCEAN PMM V3NB IhMP4 A -DAM R "DAM U H tTBUK /BKMU IS/2 l»/2 W7 PRE LUNAR NEW YEAR LOADER GANM BHMII VU I STOH BILBAO LOWON ADAM/RDAMM-BUIS/WEWI 44/2/* 110/3 13/3 IS/3 17/3 STOH IWSTE 12 14/2/K
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    • 400 19 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION fßirmat* Ni4im*l I irta\ Mamiamyanf V3ON Htoneywa V2OSN fhiihvtofivyvi V263N Pafan V96N Pi-an WIN V* (Burmese National Line) Loadmf for Ranfoon Spore PJ(eian( Ponant 30/31 lan 11/13 Feb 12/14 Fab 11/17 Fab 17/19 Fab BANK LINE wrwitAHr.m i SPORE R'DAM HULL HMBG
      400 words

  • Page 20 Advertisements
    • 1209 20 K LINE KAWASAKI KISEN KAISHA. 1/TD. ECUADOR/PERU/CHILE FEEDER VSI UTOPIA VS MOTKR vsi AMAIIA V 7403 SPORE WIG PNG SPORE NAGOT* GUAYAQUK CAUAO MICA W AFAGASTA S ANTONK) VALPARAISO 5 Feb 7 Feb 9 Feb 11 Feb Feb 27 My 30 Mar 5 Apr M 1 10 1' Apr CENTRAL
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    • 700 20 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contain** Swgapore P Mar* Penan* Loading tor Ma*n/Bde*/HM*a/Calc«tta MaAas/Bonba? II Ftb 9 Frt Mar»« B deih H*4a Calcutta Feb 24 Feb Ma*a> B d«h Hatfa C*utta Accepting FCL Container* and Conventional Cargo Sinfapore P Kftang Penan* t
      700 words
    • 617 20 GOLDEN LINE GUAN GUAN SHPPMG (PTE) LTD 23. IM *r« Street SMGAPORE 0104 TIL 5343M1 (II IMS) STRAITS/PERSIAN GULF SERVICE: S poff P Mang Pffljof GOIOCN MMU Cotombo K«ach> Mukil Oub* GOIKN CJTT CotomDo Karachi Ifcbai Baliran 18/2® Fck 2/4 kU CHINA OCEAN SHAPING CO.. PEKING THE PEOPLE'S REPUBLIC OF
      617 words
    • 455 20 INTRASEA (PTC) LTD. 10 Anson Road «27 16 International Pia*a Singapore 0207 Tel *****1 1 (10 L.nesJ <► BREAKBUIK SERVICE TO EUROPE/UK S parc P Ketang Loadng NrSOUTHERN PACE* *****21 Saied Saied ROT/ANT UK (AVON) AMANGEI PEACE *****23 Saied 1/2 ROT/ANT/UK (AVON) Ago* s«*ja«t RTU9I (PH) LTD BOOKMG *****11 K
      455 words

  • Page 21 Advertisements
    • 647 21 NOL NEPTUNE ORIENT LINES LTD AgenH Spore NEPTUNE AGENCfS PTE LTD. TH No othce lermmal CFS BOOKINGS VWV JPJ«» *****77 *****22 *****53 OH WRFCI LWS *****53 I Bahiu HARPER WRA SON BHD 2J6100 P Keiang HARPER WRA SON BHD M'Ml p ia,a HARPER WRA SON BHD *4722 Penjnj HARPER *fIRA
      647 words
    • 499 21 HEUNG-A SHIPPING Korean Flag Vessels DON AM SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG, PENANG. BUSAN, INCHON SPIHI »UNIS NFPTUNF AGENCIES PTE lID TH ?*****7 ?*****4 (Boo**i{sl 7SIO (Operations I ????481 2?09?84 (lefiwMi) ??0?4->C ?>o?bo4 (CfS) MX «»SI« »UNIS lUNAS Sf TIA SON BHO Kt Tel /l S- PK If I
      499 words
    • 580 21 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SMGAPORE Telei Numbers RS ***** RS ***** RS ***** P KELANG PDMNG M/S SHARK AT NAH SOON SON. BH). IST ANO ?NO FLOOR. MESSRS HAi THONG SHPPMG 127
      580 words
    • 89 21 K&S LINE JAPAN STRAITS SERVICE TJUSHO MMU TROPICAL MOON OMENTAL CEDAR TROPICAL MAMNA MAMNE COSMOS HOSE) MMU KM. STAR SANKYO LINE (S) PTE. LTD. 37. SomtrMt Ro*d. #06-01, Ng Ttow Yhe« Bldg Spor« 0923 T«l 235 8444 (4 lines) Port Kelang Ttga Pma Shipping Sdn Bhd Tel 03 *****4 b
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  • Page 22 Advertisements
    • 339 22 I REGIONAL CONTAINER LINES RCL TO BANGKOK (3 WEEKLY SAILINGS) TO SOUTH THAILAND (FORTNIGHTLY) STOK ■■rai n u i; ITW.V'I'M 'BMJIM I7.W.VM'! I IFWI |rrnii!^rr?M| M—nn| iMtaa ifflinal ftttm m m \in* MALACCA STRAITS FEEDER SERVICE (WEEKLY) vsi l.'l ."J.IV 1 Abo acceptint LCI (trimhipinw» and tocal) far PK/PNG AGENTS
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  • Page 22 Miscellaneous
    • 155 22 Regional Weather ii */f 4V M vj) 'Z. i M A K m H n g SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c cr'" Wind direction with speed in knots Wave height LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots Wave
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  • Page 23 Advertisements
    • 112 23 MSC AGENCfS K. LUMPUR P. KELANG PENANG P. GUDANG j. BAHAWJ LEOSHP SPORE *****55/*****56/*****45/*****93 *****1/4 TERMMAL *****1/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 *****8/*****8/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE 11 i/.VPnf H'rHIMITTI 11 Ena try 11 'I'liivm ALSO ACCEPTMG FOR ANTIOP, L HAAtt, UK. BREMEN. COPENHAGEN, OSLO ALSO ACCEPTMG FROM EUROPE: HTM, HAM. GOT.
      112 words
    • 239 23 m P M LINE CONVENTIONAL LINER SERVICE JAPAN/STRAITS/JAPAN Vnui EIPOBT Sinfipare PKrtang Pen** POMEX POCR 4-H la l»/20 Un 25/26 i» M/ 26 iTWT TOME* POCK 4-1 lai 19/19 l» 20/21 la 22/23 fOKX KKTUK 5-1 lan 21/21 lan 27/27 Cargo accepted to Saifapore Cargo will occept to Jopon Ports
      239 words
    • 207 23 Scan Dutch V aMHBHHMMr TO EUROPE (MEDITERRANEAN-UK-NORTH CONTINENT-SCANDINAVIA) FEEDER PENANG P KELANG VESSEL I SINGAPORE I 1) MARSEILLES I 2) ROTTERDAM 3) LONDON I 4) HAMBURG |s)< TO RED SEA-MEDITERRANEAN FEEDER VESSEL LIMASSOL PIRAEUS CASABLANCA N Van An* 714 N Van Itoort m TO HONG KONG-TAIWAN-JAPAN FEEDER VESSEL PENANG SINGAPORE
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  • Page 24 Advertisements
    • 306 24 fcA OS*\/J!l C 'W Mitsui OS K. Lines. Ltd CONVENTIONAL/SEMI-CONTAINER AFRICA'S NO t EAST AFRICA ATLAS MARU NEDLLOYD MOJI APOLLO PEAK WEST AFRICA HIMALAYA MARU 5 Feb Mombasa, Daressalaam, Tanga Beira, Tamatave 15 Feb Mombasa. Daressalaam 25 Feb Port Louis, Reunion 10 Feb P. Noire, Note, Buchanan, Abidjan, Apapa, Tema
      306 words