The Business Times, 11 April 1986

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 FRIDAY, APRIL 11, 198« 75 CENTS
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  • 552 1  -  By LOH HUI YIN THE WORLD'S biggest and most populous countries are the targets of a major effort by the Keppel group to go international in scouring for business opportunities. A possible shipyard venture in India, and offices in Russia
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  • 236 1 Reuter CHINA WILL CONTINUE to pour millions of dollars into its Special Economic Zones even though they would not make a profit in foreign exchange for at least three years. Gu Mu, the State Council (Cabinet) member in charge of China's four SEZs, told
    Reuter  -  236 words
  • 649 1  -  New provisions to rehabilitate businesses under judicial management By RAMESH CHANDIRAMANI A CHANGE in the law which could give problem companies time to solve their difficulties without the threat of premature liquidation is among the several major additions being proposed in a Bill to amend
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  • 319 1 UPI FOREIGN COMPANIES are being shut out of bidding for a US$5 billion airport construction project near Osaka, and the Japanese government will award contracts for the facility "behind closed doors". According to a US official in Tokyo, the Japanese
    UPI  -  319 words
  • Article, Illustration
    107 1 FOR THE SIXTH eraNCitiTC tnuUag «ay, Am« prices ea the Slagapere steek Market lest to gag tradtog. tefl. At the ctose, the Strata limes ladastrial Mex was iewa 4.12 petato at 571.21 while the mere br«uii>-bMod IT Cemperfto laiex lest IM pelate to etoee at 48SJ9. Taraever was
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  • 275 1 ONE HUNDRED and sixty seven years ago, his forefather stepped out of a little rowboat and onto the riverbank, and, according to one account, the orang laut took fright and ran away. It will be slightly different when Major Ralph Stamford Raffles first sets foot on Singapore this
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  • 129 1 AFP AN AMERICAN TEACHER, who formerly lived in Japan, has been ordered by a court to pay one million yen (U555,600) to a Japanese university professor for calling him a "terrorist". The Yokohama District Court has ruled in a libel suit that Vincent Gugliuzza,
    AFP  -  129 words
  • 232 1 AP, Bernama MALAYSIA'S exports to the other Asean countries under the Preferential Tariff Agreement increased to MJ36.21 million last year. The monthly trade digest of the Trade and Industry Ministry, released yesterday, said the amount was almost double the $18.26 million exported in 1964 to
    AP,; Bernama  -  232 words
  • 110 1 Reuter JAPANESE Finance Minister Noboru Takeshi ta says inflationary pressure in major countries has eased since last January's Group of Five meeting in London. "Given further declines in oil prices since then, there is less chance for inflation to rekindle now," he said in Tokyo yesterday
    Reuter  -  110 words
  • Page 1 Advertisements
    • 148 1 The buck starts here OTIBAN<O Corporate Banking Steamed Omelette with Seafood i Another Specialty only from Dragon City. ■■■■■I Discover some of the finest Sichuan and seafood dishes at Dragon City. ■T Experience the warm and attentive service, so reminiscent of traditional W Chinese hospitality and respect. w Amidst rich
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    • 266 1 Tokyo surplus bolios trado wom, Pago 4 SHARE INFORMATION MONEY ft EXCHANOEB RAW MATERIALS AIRCRAFT SCHEDULE CROSSWORDS TV RADIO BRISTOW DOONESBURY OUR VIEW THOUGH THE IDEA of political leaders walking with and talking to their people is not surprising in democratic countries, the walkabouts of Soviet General-Secretary Mikhail Gorbachev have
      266 words
    • 105 1 MINOLTA EP3SOZ a $88m sale KEPPEL has sold eight unprofitable ships, including Kepwave, its largest vessel, for $88 million. Another six have apparently been placed on the market. Turn to Shipping Times for the full report. Add the finishing touch Shoes and Accessories by BALLY of SwitzeAand The Best of
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  • HOME NEWS
    • 477 2  -  By ELAINE KOH A MULTI-FACETED strategy to rejuvenate Singapore's manufacturing sector and propel it into "the world of fully-automat-ed factories" in the 1990s has been recommended by a landmark study by the National Productivity Council. "Singapore's manufacturing sector is at a crossroads," according to
      477 words
    • 73 2 THE NATIONAL Productivity Council is seeking more feedback on productivity growth and would like individuals and companies to give their views on how it can be achieved. The council would also like views on policies related to productivity and how the government and other agencies can
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    • 208 2 A ONE-STOP consultancy service to help manufacturers upgrade their operations has been mooted by the Committee on Productivity in the Manufacturing Sector. A report by the committee recommended that the body could be funded by the Skills Development Fund for the first three years. This would
      208 words
    • 443 2  -  By ALVIN TAY A LIMIT to the losses which should be borne by holders of "instant money" cards who were the victims of fraud has been called for by the Consumer Association of Singapore. The association believes Singapore needs
      443 words
    • 98 2 MORE THAN 300 students of the Marketing Institute of Singapore (MIS) will graduate at a Joint ceremony tomorrow at the Westin Stamford and Westin Plaza Hotel. This is the first time students from three MIS programmes will be graduating on the same day. Mr John
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    • 267 2 A MAJOR British electronics group has opened a regional office in Singapore and announced preliminary plans for a new factory to be set up next year. Mr Peter Leahy Bonfield, chairman and managing director of STC International Computers Ltd (ICL), said the
      267 words
    • 170 2 ECON PILING Pte Ltd is spending $1.8 million on new piling equipment to cut down on noise and air pollution. The money will go towards four hydraulic hammers which work at greatly-reduced noise and smoke levels. They will be used mainly for a
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    • 352 2 IF THE RECESSION is bad for adults, it wreaks havoc on children. Children and youth agencies affiliated with the Community Chest are reporting more cases of abused and neglected children, usually in homes where parents have lost their Jobs. "A
      352 words
    • 345 2 THE HARD-NOSED image of the People's Action Party could be softened if the party provides welfare and social services. Mr Wong Kan Seng, the Acting Minister for Community Development, said in an article in the April issue of the PAP publication Petir aptly titled
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    • 459 3  -  SwmmĕMsiWS By JEFFREY TSANG TELECOMMUNICATION equip- ment manufacturers are scram- bling (or a $200 million Telecoms contract (or digital switching equipment and are prepared .to invest heavily in Singapore should they win. One o( the contenders, the French Alcatel group, is considering «rinking $60 million
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    • 429 3  -  By GOH YEE LING PROPOSALS for eight major joint-venture projects in Asia have been put forward by the German telecommunications company, Standard Elektrik Lorenz (SEL). The company has also won a number of lucrative telecommunications contracts and it hopes to adopt an even higher profile in
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    • 266 3 ••THE ARCHITECT'S Computer" will be the theme of a conference on computeraided architectural design to be held at the Mandarin Hotel from May 28 to 30. It is organised by the School of Architecture, National University of Singapore, and the Applied Research
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  • Page 2 Advertisements
    • 264 2 Well help you buy a house now with complete peace of mind t .if K>-'l o* L. 4M v 7\ r t a K N •1 s j »'r n > 1 4S J > a H ft -T'v. y V Chase Complete Home Loan If you have been thinking
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  • Page 3 Advertisements
    • 238 3 There's a feast of information in The Economist this week. For an appetizer, dip into our Economic and Financial Indicators on the last two pages. Or whet your appetite with a quick course on World Politics and Current Affairs up front. The Economist offers a tempting range of rQAin courses
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  • OVERSEAS
    • 360 4 Reuter WHILE JAPANESE politicians may be a little embarrassed at the Tokyo summit next month because of the 1985 record surplus, figures show that the economy is indeed facing an export slump in the coming year. Japan reported a record U5552.58 billion 1985/86 trade surplus
      Reuter  -  360 words
    • 359 4 UPI CHINA is taking drastic measures to relieve poverty among 70 million of its people who make less than US$62 a year. The official China Daily newspaper said yesterday that the state would allocate 800 million yuan (US$25O million) this year to those
      UPI  -  359 words
    • 336 4 AP BENAZIR BHUTTO arrived in Pakistan yesterday to be greeted by tens of thousands of cheering and chanting supporters, who called for the ouster of the country's president, General Mohammad Zia Ul-Haq. Huge crowds surrounded the airport in Lahore to greet the returning opposition leader as
      AP  -  336 words
    • 127 4 UPI PHILIPPINE President Corazon Aquino has offered to forgive Mr Marcos if be returns an alleged US$lO billion plundered from the Philippines. "We are taught as Christians that in order to be forgiven, we must admit guilt of any wrongdoing," Mrs Aquino said in
      UPI  -  127 words
    • 901 4 ARRIVALS Operator Service Local From number time SIA SQl 17 0005 KUL UA UA805 0010 SFO/HKG FT FT7I 0110 JFK/ORD/ANC /NRT/MNL/TPE SV SV398 0440 JED/RUH CAL CI010 0740 JED/DHA SIA SQ43 0820 DHA/KH MAS MH681 0820 KUL SIA SQ47 0825 DEL MAS MH811 0910 PEN MAS MH671
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    • 420 5 Reuter US TREASURY SECRETARY James Baker has urged that changes in the global monetary system be based on maximising economic growth and stabilising volatile currencies. In a speech to the International Monetary Fund (IMF) policy-making interim committee on Wednesday, Mr Baker said changes under study
      Reuter  -  420 words
    • 392 5 Reuter PRESIDENT REAGAN said the US was on guard against oil price manipulation by foreign producers while continuing to hope that free-market forces effectively determine prices. He told a nationally televised news conference on Wednesday "the market in oil is not completely free", because in
      Reuter  -  392 words
    • 295 5 Reuter THE SHARP DROP in world oil prices that is wreaking havoc in US oilproducing states is also contributing to a national economic deflation that some economists warn carries its own dangers. "One of the things Americans are going to learn is that deflation
      Reuter  -  295 words
    • 295 5 Reuter UNITED NATIONS war crime files on former secretary-general Kurt Waldheim have failed to settle a dispute about his alleged Nazi record during World War Two in Greece and Yugoslavia. The file was examined on Wednesday by Austrian
      Reuter  -  295 words
    • 170 5 UPI MODERN MEDICINE has become "too high-tech" and removed from the patient, a New York professor of medicine said on the occasion of World Health Day on Wednesday. Dr Richard Birrer, assistant professor at Downstate Medical Centre, also said that in order to bring
      UPI  -  170 words
    • 159 5 UPI WITH THE DEADLINE for filing income tax returns less than a week away, thousands of US Internal Revenue Service employees are without valid W-2 forms and tax statements from their employer Uncle Sam. Officials at the IRS regional centre in Fresno said about 90,000 IRS
      UPI  -  159 words
  • Page 4 Advertisements
    • 308 4 Computers and Commuecebone A 0 A ££J 4 iV -,v rt ■i.:- /<, f»r- N •>- I-.;-: >.<i Bi-directional tractor shown optional Pinwr iter P7 The affordable Pinwriter P7 has what it takes to look good whatever you print. With a 24-pin printhead for superb text and dazzling graphics. It's
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    • 51 4 I I II \I I ll II I Every Tuesday, Thursday. Saturday and I 1 II I II II \l Sunday. Leaving Changi Airport at I A. /I 1 22:05 hours and arriving at Heathrow at 07:05 hours the following morning. Call Air Canada at *****55 or your Xt,ef7/4/86 AIR
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  • Page 5 Advertisements
    • 114 5 '•vv^pw r For r only $10.50ky°u can y eat y° ur W way down I Jfs® mm 4 ETHfr MW-., ft the longest and best Thai Buffet Lunch ►< in town. t At the l 3rd storey X* Cafe, ||k Tai-Pan Ramada Hotel. A 1? Price wbjfcl to 10X «mct
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    • 264 5 Thais European flights are going fast! m E I m «s 8> m m dmk I. m, 5: w *r 1 v l. w 1 ss n ii Copenhagen, Athens, Frankfurt, Rome, Zurich, Amsterdam, Paris, London. For some very good reasons! Thai has been making flights to Europe a much
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  • WORLD BACKGROUND
    • 782 6 AP DEEP-ROOTED, flourishing, and long-tolerated, counterfeiting of trademark merchandise is a difficult business to eradicate in Japan. If caught, nimble criminals resurface quickly; most simply go untouched. "Japan has the most imitations of any developed country," said Laurent Dubois, the Tokyo director of the
      AP  -  782 words
    • 565 6 Reuter INDIA is considering a new free trade zone which could transform its most remote territory into a booming business centre to rival Hongkong or Singapore. Since independence from Britain in 1947, India has been happy to conserve the Andaman and Nicobar
      Reuter  -  565 words
  • Page 6 Advertisements
    • 335 6 WITH WANG VS SYSTEMS. YOU GAN ON COMMTBUTY IIND mi;\) :i iii i LOSING POWER M THE PROCESS Offered as a complete and easily upgradeable line of minicomputers, Wang VS systems have the power to address core data processing applications as well as end-user application needs. As a result, they
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    • 237 6 Learn How to Trade Financial Futures 9 10 May 1986 Futures contracts fulfil two primary purposes. First, they allow investors to hedge the risk of adverse price movements in the cash market. Secondly, they allow speculators to back their forecasts with a high degree of leverage. The more volatile the
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  • Page 6 Miscellaneous
    • 72 6 MR PUPU/S? SINCE THE PUR. CHASE OF HUMAN BEINGS IS forbippen outsipe of pro SPORJS, MY CLIENT HAS APV&EPMEWOFFER f* YOUA"F§tPERSFEE" FOR MR. PUKES RE~ BY GARRY TRUDEAU HJHAT POU/E HAVE tN MIND* WELL, THAT* PIFFICULT TO SAY, MR. PUPU/S. HOW CAN ME MEASURE THB VALUE OF A PERSON* IS
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  • AIR CARGO
    • 199 7 ARRIVALS DEPARTURES Operator Flight number Local ttme From Operator Flight number Local time For FRIDAY FT FT71 FT FT71 0110 2355 JFK/ORD ANC/NRT MNL/TPE JFK/ORD ANC/NRT TPE NW KAL KAL JAL FT NW906 KE697 KE698 JL615 FT66 1035 0200 0200 0905 0250 HKG/NRT/ LAX/SFO BKK/ (SEL) BKK/ (SEL)
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    • 183 7 New York Times News Service JAPANESE Prime Minister Yasuhiro Nakasone, in an unusual personal appeal that cites his great political difficulties, has called on President Reagan to allow additional flights to the US for a new Japanese air freight carrier owned by
      New York Times News Service  -  183 words
    • 240 7 SWISSAIR is adding services to six new cities in its summer schedules (valid from March 30 to Oct 25), bringing the total number of destinations served by the airline to 106 in 71 countries. Subject to government approval, it will
      240 words
    • 466 7  -  By LIM SOON NEO THERE Is still potential (or growth in air cargo traffic between the Asia/Oceania countries and the Los Angeles International Airport (LAX) after a (airly good growth rate in the last (ew years. This is the view of Mr William
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    • 359 7  -  By SHAHRIR ARIFF A VIDEO production on Singapore as a major air cargo centre one of three commissioned by the Civil Aviation Authority of Singapore will be available by June. Another presentation promoting Changi Airport will be ready by the end of this month.
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  • Page 7 Advertisements
    • 321 7 The nearest thing to the Swissair European network. A t I r- f/\y\y —V\V X ,r* x\ —'SX W I.K-f' X T-'V X V. V V' \XO-—* A'* /Y°° \V X—\ •v hr/y/Xy i/ f #v A--— v v \X N fM/ A"/-'' 1 /■•'a\V- > \N/ X j£X/ //A"
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    • 204 7 Y)u can judge the maid's most wanted chef for wurself. In the world of gastronomy, French masterchef extraordinaire Louis Outhier is creme de la creme. His unique cooking has drawn the rich and famous from near and far. It has also earned him an unprecedented 19.5 points out of 20
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  • MONEY AND EXCHANGES
    • 403 8 FOLLOWING the post futures decline on the American Treasury bond market on Wednesday, June Ear*4«U*r opened one tick lower at 93.36 on the Simex yesterday and traded off to 93.33 before finding support. Trading was quiet as the market awaited for the US Federal Reserve's deci- sion to reduce
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    • 241 8 HONQKONG: The metal closed easier in fairly quiet trading yesterday in the absence of fresh factors. Dealers said sporadic local selling continued in sympathy with the sharp fall in silver prices in New York. Bullion ended at U*****.00/40 an ounce compared with New York's $339.30/80 close and the $339.00/50
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    • 1283 8 SINGAPORE The US dollar closed lower yesterday against most major currencies, except sterling in thin and nervous trading. Dealers said the dollar firmed initially on some commercial buying helped by reports that the group of five industrial nations meeting in Washington came to a decision on Wednesday that
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    • 237 8 Interbank rates at 3pm yesterday: Local dollars to ■M Oder c roae parity diiDQi on* unit of foreign currency. US dolor 2 1945 2 1955 2 8196 -22 17 Sterling pound 3 2105 3 2142 7 3469 -56 30 Australian dollar 1 5668 1 5697 3 4286 -54
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    • 380 8 ASIAN DOLLAR deposit rates yesterday closed slightly lower than Wednesday's level in quiet trading. Dealers said a lower US federal funds rate, widespread speculation over a half-point cut in the American discount rate and the Federal Reserve's failure to drain excess liquidity out of the banking system
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    • 114 8 THE OVERNIGHT rate on the Singapore interbank money market rose by 1/2 point from Wednesday to close at 5 per cent yesterday. The one, two and threemonth term rates remained unchanged. S$ Interbank rates at 7pm yesterday: Otter Bk) Overnight 5 7/8 1-month 4 15/16 4 13/16 2-month
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  • Page 8 Advertisements
    • 222 8 Flying with children could keep you awake all night! I r* ■V i-'" r, m 4V w m <tii ft, r* k (r J if > I 4 .< v* fcV s» t* V' r J S-', I r a| V mm is. i a s X -a ii."' V
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  • BANKING AND FINANCE
    • 264 9 Reuter TAX REFORM proposals before Congress would discourage American banks from maintaining reserves, constrain lending to businesses and developing countries and harm US competitiveness in world markets, the chairman of J P Morgan and Co Inc. Mr Lewis
      Reuter  -  264 words
    • 116 9 Reuter THE NUMBER of problem hawk* in the US is now more than 1,200, but should not increase much more than that, Federal Deposit Insurance Corp William Seidman told the house hanking committee. Federal Reserve vice-chair-man Preston Martin also said the number of problem banks
      Reuter  -  116 words
    • 93 9 NYT A LEADING member of Indonesia's Parliament has urged foreign donors to speed up the disbursement of loan aid to help prop up the sagging economy. Hamzah Haz, the deputy rhairmon of the budget commission, said Indonesia needs long-term loans with repayment periods
      NYT  -  93 words
    • 97 9 AP PRIME MINISTER Luis Alva Castro has said Peru will make a payment on Monday on its debt to the International Monetary Fund only if the IMF promises not to disqualify the country from further loans. The IMF has ordered Peru to make
      AP  -  97 words
    • 96 9 Reuter CHINA HAS NO PLANS to make the yuan a convertible currency. State Councillor Gu Mu said in an announcement last week that rhlna planned to abolish foreign exchange certificates used by foreigners in China instead of the yuan had been misinterpreted by some
      Reuter  -  96 words
    • 55 9 OVERSEA-CHINESE Banking Corporation will cut its housing loan rates by one-quarter percentage point with effect from today. Its new rates are 7.75 per cent for loans up to 10 years, 8 per cent for 11 to 20 years and 8.25 per cent for the longer maturities
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    • 553 9 Bank Negara officials see no need for devaluation Reuter THE MALAYSIAN RINGGIT has tumbled to 12-year lows because of political uncertainty and the country's poor economic performance but it should stabilise in the short term at around 2.75 to the US dollar, banking sources said
      Reuter  -  553 words
    • 603 9 Reuter WEDNESDAY'S news of a larg-er-than-expected estimated 2.25 per cent rise in sterling M 3 money supply in March has breathed new caution into markets about the prospect of another quick cut in UK base lending rates, analysts said.
      Reuter  -  603 words
    • 176 9 AFP DEPOSITS at the 13 main commercial banks in Japan rose by 9.9 per cent in fiscal 1965, ended March 31, to reach US$726 billion. The Bankers Federation said yesterday that this was the sharpest increase since the 10.9 per cent rise in fiscal
      AFP  -  176 words
    • 100 9 Reuter TALKS next week between French commercial banks and the monetary authorities could lead to an increase in bank charges, clearing the way for lower base rates. Banking sources said call money has steadily fallen this week to 8% per cent from 8H per cent
      Reuter  -  100 words
  • Page 9 Advertisements
    • 161 9 Alcatel completes the first undersea optical fibre link. The America's Cup. The sort of challenge we relish. A human challenge, and a technological one too. We are always the first to take up this sort of challenge in the telecommunications field. That's how we've become one of the world leaders
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  • FEATURES
    • 520 10 A WALK IS GOOD for the body. It is similarly good for the body politic. The habit of being physically with their people now and then, which democratic leaders find indispensable to their understanding of reality, would seem strange in communist lands. Their leaders never tire of
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    • 995 10  -  Balan Nair, who migrated to Australia in 1980, believes that Perth offers many opportunities for foreign investors. He aims to attract Southeast Asian capital into Western Australia, reports FLORENCE CHONG. FLORENCE CHONG FORMER MALAYSIAN soccer star Balan Nair is acting as a
      995 words
    • 1178 10  -  By MARGARET THOMAS GERALDINE FERRARO made international headlines two years ago as the Democratic Party's vice-presidential candidate in the US presidential election. Ferraro's nomination was a tactical move by the Democrats after the discovery of a "gender gap" in voting patterns.
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  • Page 10 Advertisements
    • 124 10 A sign of good TT For details write to Lombard North Central PLC Banking Services Dept 510. 17 Bruton Street. London WIA 3DH England Telephone 01-409 3434 Comfort. service and of more discounts 60%. than Enjoy all the luxuries of a first class hotel at these unbelievably low rates: Stays
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  • Page 10 Miscellaneous
    • 681 10 I CRYPTIC PUZZLE ACROSS 4 Hit by trucks? (6) 7 Coloured water channel in Worcs (8) 8 More than a nice girl (6) 10 Puffer power (5) 13 Tear at the right end (4) 14 It's played with pluck (4) 15 Here's dad again (4) 16 A worm's ear? (3)
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  • SPORTS
    • 555 11  -  By WALTON MORAIS THE SINGAPORE Lawn Tennis Association is disappointed at missing out on the Asian Satellite Circuit which begins next month but will make efforts to be a part of it in the future. Lack of communication resulted in the SLTA not being
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    • 401 11 Reuter THE 50TH MASTERS championship began in Augusta yesterday with defending champion Bernhard Langer of West Germany believing he can become the second player ever to repeat as champion. "I think it is a coincidence that only one winner has repeated," a relaxed
      Reuter  -  401 words
    • 237 11 Bernama THE JOHORE Grand Prix, which begins this weekend at the new Ms 4 million Pasir Gudang circuit, 32 km from Johore Baru, will offer prize money totalling M 575,000. More than 300 entries, including 20 from foreigners, have been received for the
      Bernama  -  237 words
    • 825 11  -  By RONALD KOW IT IS TOO EARLY to say which teams will meet in next month's Malaysia Cup final but, judging by the results of the first-leg quarter-final matches on Wednesday, it looks like Pahang, Johore and Selangor will join Singapore
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  • Page 11 Advertisements
    • 315 11 Alcatel ElO v.„ XV.. ~4i ISDN BACKED BY EXPERIENCE. The future will belong service and the Telecom 1 satellite based digital to Integrated Services Digital Networks. business network integrating voice, data, text and Born out of the merger between CIT Alcatel and picture services. Thomson Telecommunications, the Alcatel ElO is
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  • Page 11 Miscellaneous
    • 1134 11 W (MD mm FRIDAY AT THE MOVIES Brotherly Love 10.30 pm, Channel 5 Judd Hirsch (right) of Taxi fame plays a dual role as Ben, a successful engineer and family man who is thrown at the mercy of his identical twin, Harry. The latter is a psychopath set on destroying
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  • INTERNATIONAL STOCKS
    • 310 12 J J scrutinises entire group's business Reuter JOHNSON Johnson (J A J) has agreed to sell its Technicare business, consolidate others, and repurchase some shares in an attempt to re-evaluate the entire company. The move to dispose of the unprofitable Technicare unit was similar in magnitude to its decision earlier
      Reuter  -  310 words
    • 152 12 Reuter STOCKHOLDERS of Caterpillar Tractor Co have approved stringent antitakeover measures, a new corporate charter and a change in the company's name to Caterpillar Inc. George Schaefer, Caterpillar's chairman and chief executive officer, told shareholders on Wednesday that the board did not view the company's
      Reuter  -  152 words
    • 302 12 Reuter WALL STREET stocks closed higher on Wednesday after a volatile session. After an oil price rally fuelled profit-taking, speculation of a discount rate cut and a powerful rally in widely-held cigarette stocks pulled the market up, traders said. The Dow Jones
      Reuter  -  302 words
    • 138 12 An 0* Abitti a 23 Imp 04 Inco Irrt Pro* Plpo 46* 21* 43* Aican 43k Kan Add 15* Algomo Argoan HMgt Bank Mont 34* Lobtow B Motwy Farg 27 2* unch Bank Nova Scotia B«i Canada 14* 9* -29* MoHon A 25* 35* BP Con Ltd 28* 25
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    • 221 12 AH 09 Mad INDUSTRIALS Unkac Woohrorfh MM 1375 «NGS inch A Alpha 1100 unch -75 Abarcom AE And O 205 11SO -5 25 5 unch Angfvoal Bhryoor* *****6 1550 -75 Amaprop AMIC 530 4175 Buttah 7100 1100 -250 -100 1595 -5 Com <Tn*4 2200 C G Smith 2625 25
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    • 614 12 ATI 09 us$ AJcari AJurrwi Alcoa Al«ghany Lud A*ad Cham Cp Afead Storm Afe-Ototoiart Am Brandt toe Ant Broodcast Am Can Co Ant Cyanamtd Ant Elac Pwr Ant Exprnt Ant Horn* Prod Ant Motor* Cp Ant Notiral Go» Ant T«l Tal Antax toe Antarodo Hw AMF toe Antr
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    • 865 12 Amsterdam Aft 0* Fk ABN Aagon Ahotd Muo AWCV Amtaa Amro Bonk BarVd 563 00 -9 5 ***** 4-0.3 8400 unch ISO 50 +06 79.20 +0 3 101.70 -04 31 JO -0 3 Bote 159 50 -0.5 Colond UM Dal M« ***** +4 ***** +2 F* Fokkar Gamma
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  • Page 12 Advertisements
    • 560 12 WSiere to wtm, dine and eatortala W3 /i=S> Cf% lUu f unkal Japanese Restaurant Sushi, sashimi, teppanyaki and other famous delicacies from the land of the Rising Sun are prepared by three resident Japanese chefs. Businessman's set lunch from $8.50-H--FURAMA SINGAPORE HOTEL 10 Eu Tong Sen Street, Singapore 0105 Tel:
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    • 164 12 I ondon itocki on pmgm 17 *1 > r Compliments of the house At Ftng Cheng L6u,Teochew Seafood is our speciality. And to salute all you food customers, a free drsh of deep-fried prawn-meatoalls is yours when you order from the a la carte menu. Come soon for lunch or
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  • ASIAN STOCKS
    • 396 13 HONGKONG: Share prices yesterday closed slightly higher in heavy trading as strong institutional demand overcame an early round of profit-taking. The Hang Seng Index rose 6.23 to 1,758.57 after being down 14 points at mid-morning. The Hongkong Index gained 4.41 to finish at 1,093.80. Brokers said institutional investors moved
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    • 264 13 AM 10 AJ Sincere Indus A wo Cement Cathay Cons Chang Hwa Bank Chen Loong Chia Hs»i Cement China Chem China Dev China Elect Wre China Giif Plos China Rebor NT 2.75 23 70 32 60 47 70 23 70 23 50 32 80 1880 1160 38 60 9
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    • 388 13 TOKYO; Prices yesterday closed higher in moderate trading as buying centred on domestic orientated shares. The Market Average rose 93.39 to 15,203.57 after a 96.12 rise on Wednesday. Turnover was 430 million shares against 480 million Wednesday. Housing and housing-related shares continued higher on prospects for a deregulation of
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    • 54 13 API 10 Oriental B Phitcx B 0 01 unch ***** irch Anglo Phi -0 001 2 PLOT 83 +2 Ariot Coo B 15 Boguio Gold Bovc Petroleum 0 0028 -0 0002 48 50 +1* 110 unch CDCP F**» Phi HWgs 360 unch ***** Surtgao Con B Monnduqu* B Morveel
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    • 407 13 SYDNEY: Share markets yesterday closed at record levels as frantic buying in BHP and demand for other blue chips forced up prices. The All Ordinaries Index surged 43.9 points to a record 1197.7, eclipsing its previous record, set on March 25, of 1168.5. The All Industrials Index soared 57.5
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    • 69 13 APS 10 Bonk Saoul Chohaung Bk Won 690 622 692 -5 -18 -23 Hyinda Const Hyundai Motor KAL Koraa First 1069 2400 1180 692 2270 •1 40 43 -8 15 606 •14 440 +27 1070 +9 1125 +27 1290 1110 20 536 -4 38 2140 74 Gold Star 1400
      69 words
    • 130 13 BANGKOK: The Securities Exchange of Thailand Index dipped 0.18 to 130.50. Turnover amounted to 238,597 shares valued at 35.4 million baht. AN 10 A ok ham Thai ■aim Sam C mrrm* SMvn Ouen San City 445 *UN> 2 120 5 Ayuthoya ln» And Truil Bangkok Agrokxl n i /j,
      130 words
    • 55 13 Reuter MANAGEMENT of large Japanese steel, car, shipbuilding and electrical appliance companies offered lower wage increases for this year compared with last year. Union spokesmen said management cited a recession in the steel industry and the yen's appreciation against the US dollar as major reasons
      Reuter  -  55 words
    • 333 13 Reuter ELDERS IXL LTD has entered the market for shares in Broken Hill Pty Co Ltd, the target of a takeover offer by Bell Resources Ltd. More than 137.1 million BHP shares were traded by the end of yesterday's morning session on
      Reuter  -  333 words
    • 186 13 Takeover meant for long-term investment Reuter ELDERS IXL LTD yesterday advised Broken Hill Pty Co Ltd (BHP) that it is buying the company's shares and intends to be a long-term investor. In a brief statement to the Melbourne Stock Exchange, BHP managing director Brian Loton said that BHP chairman James
      Reuter  -  186 words
  • Page 13 Advertisements
    • 542 13 --V :-4v^ I Wtacta id wlae, eliae aai ■r Cf% j The start of an experience so authentic yet unique Opening Hours: Lunch: 11 a.m. to 3 p.m. Dinner: 6 p.m. to 10.30 p.m. KINTA'MANI as 1 At the Tavern Show Bar, the second round Is on the house... K>r
      542 words
    • 228 13 You can taste it with your eyes BUSINESSMAN'S UINCH(DaiM $14.00 for 2 persons (4-course Set Lunch) $21.00 for 3 persons (5-course Set Lunch) $28.00 for 4 persons (6-course Set Lunch) $35.00 for 5 persons (7-course Set Lunch) A la carte authentic Sichuan Cuisine also available. Cater to weddings, anniversaries and
      228 words

  • RAW MATERIALS
    • 348 14 Reuter THE PRICE of nickel is likely to rise by 10 per cent by the end of this year from its current depressed level and demand prospects for the metal remain favourable. Lan McDougall, executive vice-president of Inco Ltd, talking to a
      Reuter  -  348 words
    • 158 14 Reuter THE THREAT of an Australian national coal strike heightened after two mass meetings of miners on the New South Wales south coast overwhelmingly rejected an offer by employers on a productivity claim. But the miners, who stopped work for 24 hours, did
      Reuter  -  158 words
    • 406 14 NYT, Reuter THE EUROPEAN Community is preparing to curb US exports of soy cake and corn gluten feed a trade worth more than US$l billion a year to US farmers. These two items are on a list of food and drink
      NYT,; Reuter  -  406 words
    • 243 14 WHEAT FUTURES on the Chicago Board of Trade ranged from 2Vi US cents a bushel higher on Wednesday in spot May to off 2 x /i cents in new crop December at the close. May ended at the top of a 4^4-cent range. Weakness was apparent throughout the grain
      243 words
    • 148 14 Chinese Produce Robusto 20/25% 630 00 Exchange FOB NSW Sellers' noon closing prices on Nutmeg Apr 10 (SS/100 kg) 110 FOB NSW 1422 00 Coconut oil BWP FOB NSW 1322 00 Bulk FOB 50 00 Gombier Old drum FOB New drum FOB 63 00 67 00 FOB NSW
      148 words
    • 197 14 MALAYSIAN crude palm oil prices closed weaker yesterday, on short selling and lack of fresh buying interest, pressured by a sharply lower Chicago soyoil futures close on Wednesday night. Dealers said trading was again quiet as operators were mostly sidelined, awaiting the outcome of India's weekly vegetable oil
      197 words
    • 249 14 SOYBEAN FUTURES on the Chicago Board of Trade closed SV« to eight US cents a bushel lower in fairly light activity on Wednesday. May finished just above the bottom of a 7V« -cent range. Technical weakness exhibited on charts and the overall negative outlook for US soybean export demand,
      249 words
    • 66 14 Bangkok (USS/tomw. FOB) White Rice 100% 1st doss 240 100% 2nd doss 215 100% 3rd doss 210 5% 200 10% 195 15% 190 20% 180 25% 170 35% 165 Broken Rice A-l Super 115 A-l Speciol 112 C-l Special unq C-l Ord unq Loonzain Rice 100% 1st grade unq
      66 words
    • 527 14 COFFEE Robusta futures ended a featureless day on Wednesday around the middle of maximum £70 traded range, down £7 to up £10 a tonne from Tuesday night's close, lifted off early afternoon lows as New York advanced from initial sharp losses. At the close, second position July was
      527 words
    • 297 14 SINGAPORE The market closed slightly higher yesterday with May One RSS buyers quoted at 158.50 cents a kg, up one cent from Wednesday. The morning session saw prices hovering narrowly around overnight levels in dull and featureless trading due to lack of interest. Short-covering helped prices to rise slightly
      297 words
    • 152 14 THESE WAS ae price fixed ea the Kulft Lampar Tim Market yesterday, with tetal effera Mew the mlalmsm reqalremeat ef 1C te—ee. Wednesday's prlee was M$l4.M per kg ea taraever ef 19 teaaes. The effidal said buyers had Md dewa te $14.88 hat received a seller efferlag ealy
      152 words
    • 299 14 RAS prices «scwti/kf, foi h •IM NOON CLOSE Bwyors liiy«n C —It Jfetn Int 1 RSS Prompt 157 50 I58.50N 158 00 159 00N lot 1 RSS Moy 86 157 50 158 50 158 50 159 00 Int 1 RSS June 86 158 00 159 00 159
      299 words
    • 105 14 (cents/kg, l-»on poNcn) MAY 86 JUNE 86 (current month) (forword month) NOON NOON RAS Buyers Setters Buyers Setters SSR 20 153 00 I55.00N 154 00 156 00N SSR 50 149 00 151 00N 150 00 152.00N MRELB Buyeri S«lltn Buyers Sellers SMR CV 207 50 209 50N
      105 words
  • Page 14 Advertisements
    • 404 14 SAVE SOX OF VOW TM&mex costs v r Find thousands of generally used expressions, words, abbreviations, acronyms, initialisms and up-to-date codes of airlines, banking, business and trade, countries, currencies, data processing, Insurance, shipping, as time and space-savers. The Handbook gives instant access to needed Information. \bu can avoid spending time
      404 words
    • 251 14 rk THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAD ANNOUNCEMENT OF RESULTS FOR THE SIX MONTHS ENDED 28TH FEBRUARY 1986 INTERIM RESULTS The Directors or* pleased to announce the unaudited results of the Company and the Group for the six months period ended 28th Februory 1986 as follows:Rr*t Hatf Year Half
      251 words

  • SHARE INFORMATION
    • 4203 15 SHARE PRICES bounced off the bottom towards the end of yesterday's trading on the Singapore stock market. Until then, most prices had drifted steadily lower as buyers once again failed to materialise. In the absence of fresh factors to reverse sentiment, prices continued
      4,203 words
    • 263 15 SINGAPORE Rises Indies# April 9 AprW 10 Londmoris M S0« 159 +13 H Co«po».t« <*<> 74 4*3 09 Hormom Msm 210 +10 *1 69U ?ii 6750 f°° Semb Shiprord 99 +6 ,195 OCIC 610 +5 »TCAW -7269 -7323 Acuta 87 +4 BT OBV *****3 *****5 Spore Land
      263 words
    • 2823 15 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".
      2,823 words
    • 127 15 HONGKONG Hongkong Index Thursday 1093 80 Wednesday 1089 39 Week ago 1013 78 Australian Industrials Thursday 1922.7* Wednesday 1865 2 Week ago 1841.8 NEW YORK Hang Seng Index Thursday 1758 57 Wednesday 1752 34 Week ago 1625 20 Dow Jones Wednesday 1778 62 Tuesday 1769 76 Week ago
      127 words
    • 281 15 Monogers' prices for April 11 Singapore Unit Trust The Commerce 0 79 0 84 The Sovmgs Fund 0 62 0 67" S pore Prog Fund 0 31 0 33 S pore Sec Fund 0 51 0 55 S'pore Invest Fund 0 45 0 48 S'pore Equity Fund 0
      281 words

  • COMPANY NEWS
    • 679 16  -  Pan-El problem still to be sorted out US} By CHAN OI CHEE MORGAN STANLEY, the US investment bank which was bullish about Singapore quality stocks last December, has admitted that it was early in making a buy recommendation at that time. In its
      679 words
    • 2325 16 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. VOUSTRMLS Acmo (0.956) Ajinomoto (3.205) cd AMD (3 1083 50S)
      2,325 words
    • 565 16 SELLERS held the upper hand again on the Kuala Lumpur stock market yesterday, driving share prices to still lower ground. Losses were widespread but some ground was recovered due to late covering support. A few counters even gathered enough support to close firmer. The selectively active
      565 words
    • 277 16 MBT THE CLAMPDOWN on last-min-ute "push-ups" of prices is in response to complaints from some stockbrokers, Kuala Lumpur Stock Exchange (KLSE) deputy chairman Teh Ghee Kok said. Mr Teh said the stockbrokers had complained to the exchange that during
      MBT  -  277 words
    • 83 16 Reuter KA WAH BANK Ltd has received approval to list its shares on the newly set up Unified Stock Exchange of Hongkong Ltd, an exchange spokesman said. He said the bank will be reorganised following a takeover by the Chinese state agency, China International Trust and
      Reuter  -  83 words
    • 326 17 i By HOCK LOCK SIEW MORE THAN A DOZEN companies appear to be flouting the listing rules of the Stock Exchange of Singapore by ignoring the three-month deadline to furnish a preliminary statement after their financial ye,ar ends in December. Among them are Singa-pore-incorporated
      By HOCK LOCK SIEW  -  326 words
    • 842 17 SHARE prices yesterday opened higher in active morning trading, responding largely to the overnight rise on Wall Street and encouraging results from Burmah oil. At 0900 GMT, the FTSE 100 index was up 9.5 to 1,668.5. Government bonds opened as much as point lower on further consideration of
      842 words
    • 309 17 DUFF DEVELOPMENT BHD has, at the request of the vendors, rescinded an agreement to buy a 23.62 per cent stake in Malaysian Resources Corporation Bhd (MRCB). A terse statement from Duff to the Kuala Lumpur Stock Exchange said that the purchase of the
      309 words
    • 186 17 Reuter CATHAY PACIFIC Airways Ltd is placing a total of 7.5 per cent of its shares privately with three major Hongkong companies ahead of a proposed public flotation of the airline's stock, according to financial advisers Baring Brothers Asia
      Reuter  -  186 words
    • 435 17  -  By HOMER CHEN AMBASSADOR HOTEL LTD has reached a settlement with its Joint venture partner, Australasian United Industries (AUI), over how they are to dispose of part of their common hotel assets in Australia. Ambassador had intended to acquire from its joint-venture partner the 50
      435 words
    • 119 17 MR STEVEN GOH, currently the general manager of Metro Private Ltd the company that runs the chain of Metro department stores will be its managing director and chief executive director from July. He will replace Mr Jack Schafer, who has decided to return
      119 words
    • 275 17 COLD STORAGE (Malaysia) Bhd, an associate of the locally-based Cold Storage Holdings PLC, has reported a sharp 36 per cent fall in group net earnings to M 52.5 million for the year ended Jan 31. The drop was in spite of an increase in
      275 words
    • 595 17 THE MALAYSIAN government is considering bringing the three regulatory bodies for the corporate sector the Capital Issues Committee (CIC), the Foreign Investment Committee (FIC) and the Takeover Panel under one roof. They are currently housed in different places the CIC in the Ministry of
      595 words
  • Page 16 Advertisements
    • 68 16 "We have completed another year of notable growth in profits, resources and balance sheet" 'Unaudited Copies of the Annual Report will be posted to all shareholders on 9th April 1986. If you would like a copy, please write to Choy Moo Chee, Klein wort, Benson (Singapore) Limited, 18-05 UIC Building,
      68 words
    • 677 16 NOTICES PRIVATE LIMITED (IN MKMBWW VOLUNTABY LIQUIDATION) NOTICE OF BCBOUmONB At an Extraordinary General Meeting of the Company convened and held at 1 Colombo Court #06-27 Singapore 0617 on the 3rd day of April 1866, the following Special Resolutions were duly passed:1. That the company be wound up voluntarily pursuant
      677 words
    • 310 16 1 1.i'r i i, COMPANIES ACT, CAP. 1M (PTE) LTD. (MVll l J 111 llllMll) At an Extraordinary General Meeting of the Member* of SUNDAR ENGINEERING (PTE) LTD. duly convened and held at 27, Broadrlck Road, Singapore 1543 on the 7th day of April 1986, the following Specral Resolutions were
      310 words

  • Page 17 Advertisements
    • 159 17 MARKETING IN PRINT MEDIA MANAGERS Times Business Publications Ltd, a subsidiary of The Straits Times Press, which is the leading newspaper publishing group in the region, has career opportunities in the Advertisement Department of Business Times. We invite prospective applicants with potential for advancement to take this challenge to join
      159 words
    • 194 17 Singapore's very own ALR AT the local price/ performance leader In IBM PC-AT Compatibles STANDARD ***** 16-bit CPU 8 MHz dock rate 512 KB RAM expandable to 2 MB on-boaid 12 MB Floppy Drive Single card. Floppy/ Hard Disk Controller Single card, color graphics (ltd.)/ monochrome (high-res.) adaptor 8 Expansion
      194 words

  • 373 18  -  By MARTIN SOONG ANOTHER ORDER (or long-range Boeing 747-400 jets announced yesterday could mean that Singapore Airlines will rapidly meet competition when it starts its non-stop services to Europe. KLM Royal Dutch Airlines has ordered six of the aircraft following SlA's
    373 words
  • 390 18 AP THE FRENCH National Assembly has given Premier Jacques Chirac a vote of confidence for his programme of economic recovery, social reforms and tough security measures against terrorism. The 577-seat Assembly yesterday voted 292-285 in support of Mr Chirac, giving him three more votes
    AP  -  390 words
  • 264 18 THE PACE of the fast food business in Hongkong is apparently too slow for property tycoon Ng Teng Fong, who has closed the only Wendy's outlet in the colony. Hongkong sources said it was a combination of poor location and high overheads that
    264 words
  • 322 18 AFP THE DEFUNCT Cardan empire owed the Hongkongßank group HK$679 million at the end of 1981, a former senior credit manager with the bank told the Carrian trial yesterday. But how much the empire owed the group when it collapsed in October 1963 was not known, said
    AFP  -  322 words
  • 194 18 UPI THE THREE COMMUNIST Indochinese countries have charged that US Defence Secretary Caspar Weinberger's visit to Bangkok was aimed at reestablishing bases in Thailand (or intervention in Indochina. The official Phnom Penh government news agency, SPK, said the three-day official visit was
    UPI  -  194 words
  • 90 18 Reuter SOUTH KOREAN Opposition leader Kim Dae-Jung has said there will be fighting in the streets if President Chun Doo Hwan rejects petitions for direct presidential elections. "If the government is unwilling even if we submitted 10 million signatures (for direct elections)... then there will
    Reuter  -  90 words
  • 369 18  -  By ELAINE KOH FOLLOWING A DECISION to sell off its $60-million-a-year travel business, Harper Gilfilan is now closing its construction arm in another bid to "ensure the future good health of the company". Harper Equipment Services could not be saved by a "rationalisation" move
    369 words
  • 259 18 FIRES BROKE OUT yesterday at two Singapore refineries about half a km apart. The more serious was the first which broke out at 4.10 am. This damaged the newly commissioned $180 million hydrocracker complex at the Singapore Refining Company (SRC), just barely a month
    259 words
  • 85 18 Reuter COMEX GOLD FUTURES halved early losses yesterday on scattered buying which was fanned by continued AmericanLibyan tensions. Gold for delivery in June rallied from a low of U*****.00 an ounce to $340.80 an ounce, holding a net loss of $1.40. Analysts said sellers were not Aggressive when
    Reuter  -  85 words
  • 59 18 Reuter WALL STREET STOCKS edged higher in thin trading yesterday, following through on Wednesday's higher close. The Dow Jones Industrial Average was up a fraction of a point at 1779 and advances led declines seven to four on volume of 70.4 million shares. The most active stock
    Reuter  -  59 words
  • LATE FILE
    • 52 18 Reuter AN INVESTMENT TREATY between China and the US is being held up by disagreements over expropriation and how to resolve disputes. US Labour Secretary William Brock said US businessmen look (or protection against expropriation but this issue and that of dispute arbitration have not been
      Reuter  -  52 words
    • 34 18 Reuter THE THAI government has approved plans by its national rail authority, the State Railway of Thailand, to buy rolling stock and equipment worth US$l27 million from Britain and Australia.
      Reuter  -  34 words
    • 62 18 Reuter JAPAN'S Finance Ministry plans to ask major financial institutions formally (or self-restraint on lending for speculative land transactions in view of the sharp land price rises in central Tokyo. The ministry plans to issue an official notice next week to require the institutions to
      Reuter  -  62 words
    • 58 18 Bernama THE FIVE National Joint Councils (Staff Side) and Cuepacs in Malaysia yesterday decided to keep their doors open for negotiations with the government to settle their wage claims amicably. Their representatives, at a meeting in Kuala Lumpur, also decided to ask the government to
      Bernama  -  58 words
    • 60 18 AFP THE PHILIPPINES and Malaysia are to hold talks soon to resolve a long-standing dispute over Manila's claim to Sabah island, Philippine Vice-President and Foreign, Minister Salvador Laurel said. Without specifying his government's stand, Mr Laurel said Manila was "prepared to undertake new negotiations as
      AFP  -  60 words
    • 60 18 Bernama THE THAI ARMY has agreed to share its chemical warfare expertise with the Malaysian army, which is keen to study this aspect of military activity for preventive purposes, Malaysian Army Chief, General Datuk Mohd Hashim Ali, who is visiting Thailand, said there was a
      Bernama  -  60 words
    • 53 18 Reuter THE SWEDISH Employers' Federation SAF has accepted a compromise pay deal proposed by mediators, thereby averting threatened strikes and lock-outs due to start yesterday, the Swedish news agency TT reported. The white-collar union PTK earlier said it had agreed to the mediators' terms provided employers also
      Reuter  -  53 words
  • Page 18 Advertisements
    • 187 18 Tilt!*; mm, ft m m a gs A 'Z r* '/?///%> I call Ardmore Park the United Nations of Singapore ygu really get to meet people who make you feel very much at home because they are all expat families, like us. Living at Ardmore Park also makes sense. You
      187 words
    • 191 18 "fjoldeti Thoenix %chtm(Vegetarian Esast And how it all begins Diners of today, more discerning in taste and definitely calorieconscious. With us, discover a Sichuan vegetarian fare that has become an exquisite full 8-course Sichuan spread. Out goes the tasteless canned vegetables and pallid mock meat. In place a new, exciting
      191 words
  • Page 18 Miscellaneous
    • 60 18 \SMSIILaa Outlook foe todoy: Portly cloudy with showers over many areas in |L t Mtl a Til# oner noon. Report for 24 hours prior to 7.30pm on Apr 10 at tha oirWoiimum temperature 32.6 Associated humidity 61 Minimum tamparatura 23.5 Associated humidity 98 Hours of sunshine 5.80 RoinfoN in millimetres
      60 words

  • SHIPPING TIMES
    • 204 19 Bernama THE MALAYSIAN Transport Ministry is registering all officers working on board Malaysian ships, deputy Transport Minister Hajah Rahmah Othman said. Replying to Sen Haji Shahrom Haji Maasom in the Dewan Negara on Wednesday, she said that so far, 468 Malaysians and 166
      Bernama  -  204 words
    • 86 19 THE SEATRADE group has announced a new publications policy to respond to changing information needs of the shipping market. The weekly newsletter, Seatrade Week will expand its coverage of international market information. The monthly magazine, Seatrade, which provides analysis of industry trends will now be contained in
      86 words
    • 445 19  -  By JUNE LIM IN AN ATTEMPT to cut losses in its shipping operation the Keppel Group has sold eight unprofitable ships for $88 million. It is understood that another six have been placed on the market. These included the 40,000-dwt bulk carrier Kepbreeze
      445 words
    • 232 19 FT STATE-OWNED China Shipbuilding Corporation may be stuck with four ships worth more than US$l3O million it built to the wrong specifications for a second government firm. The four 40,000 deadweight ton container ships built for Yang Ming Marine
      FT  -  232 words
    • PORTSIDES
      • 91 19 Bernama THE JOHOR Port Authority container terminal at Pasir Gudang handled its first container ship since privatisation last month. The Malaysian International Shipping Corporation's (MISC) Bung a Penaga arrived at the port at 10.30pm from Port Kelang. The ship carrying out coastal service made use of
        Bernama  -  91 words
      • 80 19 Reuter THE FOLLOWING conferences specified new currency adjustment factors (CAFs), effective April 14, with previous in brackets. Conferences covering trade from Europe to Sri Lanka announced a CAF for continent eastbound of minus 2.50 per cent (plus 1.50 per cent). Conferences covering trade between Europe/India, Pakistan and
        Reuter  -  80 words
      • 116 19 AP A GREEK CARGO ship sank in the Gulf of Suez on Wednesday and a spokesman for the ship's operators said it may have hit a mine. Two crew members were reported missing. The 1,831-ton Alaska II was sailing empty from Jeddah, Saudi Arabia to
        AP  -  116 words
      • 52 19 THE NUMBER of accidents on Norwegian oil platforms increased significantly last year according to the country's Petroleum Directorate. Figures released also show that the performance of contract companies is much worse than the operators themselves with some 87 per cent of all accidents affecting workers employed
        52 words
    • 1139 20 THE freight market on Wednesday was featured by yet another decline in the rate for grain from the US Gulf to Japan with US$9.5O reported paid against $9.75 previously, shipbrokers said. Grain was also covered from the Gulf to east coast Mexico at $5 against $5.40 paid earlier
      1,139 words
    • 857 20 Seatrade LONDON'S Admiralty Court gave judgment last December upon a claim by a receiver/buyer of a cargo of rice bran that he had suffered loss as a result of the ante-dating of the relevant bills of lading. The carrying vessel was the
      Seatrade  -  857 words
    • 292 20 AMERICAN BUREAU of Shipping will pursue its post trial motion and, if necessary, appeal to the Court of Appeals against the jury verdict in connection with the sinking of the Thomas K. The Jury had assessed total compensatory
      292 words
    • 66 20 AFP THE BRITISH Motor manufacturer Rolls Royce has received a £14 million order to be used in a new series of destroyers for the Japanese navy. The order is for 12 Spey gas turbines that will equip three vessels. The motors are to be built under
      AFP  -  66 words
    • 274 20 TANKER OWNERS are launching an initiative to urge ports to provide vital reception facilities for chemical waste from ships. Every port where chemicals are loaded or discharged needs special tanks to receive waste chemicals, says the International Association of Independent Tanker Owners (Intertanko). Some ports
      274 words
    • 247 20 P O revives plan to introduce crew changes FT P A O HAS revived plans for radical changes to the ere wing of its cruise liners which last year led to strikes on its cruise fleet. This follows recent moves by several large tanker and cargo ship operators to cut
      FT  -  247 words
    • 823 20 AB Shpg V 5 Accord Shpg VI 3 Afea Line VI 3 Ahrenkiel Liner X 1 AC Toepfer X 5 Anro Service IV 3/4 Arrow Lines X 5 Atlas Line X 2 ANL 1 1/2 A PC Line V 4 APL HI 2/3 ASCL HI 1 Bolt-Canada
      823 words
    • 161 20 THE AGGREGATE deadweight of the Soviet merchant fleet increased by 8.6 per cent to over 20 million tonnes during the last Five Year Plan period, ending in 1965. Some 255 new ships were added to the fleet. Emphasis shifted to building specialised cargo vessels
      161 words
    • 176 21 A ONE-DAY SEMINAR on design, fabrication and certification of pressure vessels will be organised by the Society of Naval Architects and Marine Engineers Singapore and Singapore Association of Marine Surveyors. The seminar will be held at Carlton Hall, York Hotel on April 16. During the course
      176 words
    • 370 21 Lloyd's List TEXAS FINANCIER Harold Simmons has again stepped-up the pressure to gain control of USbased Sea-Land Services through the resignation of its chairman just months after a truce agreement had been reached. Mr Simmons, who owns more than 39 per cent of the
      Lloyd's List  -  370 words
    • 328 21 Reuter FRENCH ASTRONAUT Patrick Baudry who made a US space shuttle flight last year, is to investigate the sunken ship Titanic at the foot of the Atlantic Ocean this summer. A spokeswoman for the French Institute for Research and Exploration of the Sea (Ifremer) said Baudry
      Reuter  -  328 words
    • 257 21 THE AUCKLAND-BASED merchant bank Fay Richwhite has chartered the P k O Island Princesss for a four-week period that takes in the America's Cup at a hire of more than NZ$5 million. The 620-berth Island Princess will be based in Sydney from
      257 words
    • 228 21 NEW SOUTH WALES coal exporters who have refused to pay increased charges at Sydney, Newcastle and Port Kembla loaders since last January now owe the Maritime Service Board about Asl million. A board spokesman says it has decided not to delay
      228 words
    • 193 21 Page m 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. AHRO (STRAITS/ AUSTRALIA): Australian National Line.
      193 words
    • 94 21 Fairplay WINSTAR SAIL CRUISES has ordered another twd 7sail assisted cruise vessels from the French yard; Ateliers et Chan tiers Reunis du Havre et de la Rochelle- Pallice. This will bring the total number of such vessels on order at the yard to (our.
      Fairplay  -  94 words
    • 4155 22 QOaBEKDGLB 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. Advanced dates are published at
      4,155 words
    • 758 27 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Al Wojba 22 12.4.86 0400 Sealord F7 1700-1900 U4 Zim Brisbane 11W 12.4 86 0400 Star Shpg F7 1800-2000 W1 Chev V Belle 45/704 12.4.86 0700 Optorg
      758 words
    • 570 27 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure EST 1 K25E SSPL alongside 11 4/0600 Fengge K18 Y Fung alongside 11 4/0600 Str Pride K24E SSPL alongside 11 4/1500 Str Venture K25W SSPL alongside 11.4/1500 Beniomas K33 Leo Shpg II 4/1400 13 4/0700 Foirstor K10 Bousteod 11
      570 words
  • Page 19 Advertisements
    • 674 19 Concise Comprehensive Contemporary OOCL Orient Oveiqeas O-Uaim* Line STRAITS EUROPE EXPRFSS SERVICE lARDM SWTMG AGENCIS (Ret N» 242*4/ 00K) 70 Shenton Hay #04 03 Manna House Singapore 0707 Tel *****11 ULEX NO RS ***** CFS OfHCE IPC #03 029 Tel *****31 and *****32 Terminal office TPC #03 030 Tel *****90/*****93/*****01
      674 words
    • 68 19 raag LONDON'S Admiralty Court gave judgment upon a claim by a receiver/buyer of a corgo of rice bran that he had suffered loss. Pag« II TEXAS FINANCIER Harold Simmons has again stepped-up the pressure to gain control of US-based Sea-Land Services through the resignation of its chairman. P«g« 111 Index
      68 words
    • 1190 19 A hard look at what it will take to succeed in business for the next 20 years With turbulent times ahead. forewarned will be i forearmed $22.00." TIMES. thebcc:: MAERSK LINE JSw/ mZ w/ PRE-RATE INCREASE LOADERS SINGAPORE/USA eta SINGAPORE Maersk Clementine VOY 8608 11 APRIL Leda Maersk VOY 8606
      1,190 words

  • Page 20 Advertisements
    • 278 20 f /V H* YAMASHITA-SHINNIHON LINE A-J JL J. JLSJ TRANS-PACIFIC SERVICES Pacific South Waat I Pacific North Waat I Atlantic/Canada Faadar at Kao I Faadar at Kao I Faadar at Koto* I 'liiiFßnMffi ir—n nwnMimrTaiiMßM 107MIDMCM I'V M M imm m urn Mi lIMI Wl n MII'iMI liM I I
      278 words
    • 256 20 Supercarrier Service ir."-".v'acJ' mi NEXT ARRIVALS BARBER TAMPA 27/3 BARBER PRIAM 5/4. Nt ROSAfW 17/4. BARBER PERSEUS 27/4 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA Mm accqrint c«rtn tar Hnatai (MB). S. frwcnco Oakland. Stactln mi San Dirt* MI. TO: CARIBBEAN CENTRAL AMERICA Oiartntan nt M CARMAN Aruba
      256 words

  • Page 21 Advertisements
    • 948 21 Mansfield Container Shipping PteLtd Overseas Containers Limited The Straits Steamship Group wrm STRAITS SHIPPING E Singapore to Sabah, Sarawak, Brunei Ports and Bangkok [CONTAINERSHIP SERVICE TO UK/CONTINENT S tan H-Wf Broai 92/5 44/5 44/5 14/5 12/5 14/5 17/5 19/5 21/5 24/5 24/5 21/5 31/5 42/4 M/< M/f 10/fi 12/4 17/4
      948 words
    • 636 21 Franco Belgian Services A .1 r I I r. r. h rv u ,th li. l K i.m I ,r I i~f.fr. OMIIUP glUd TO BW ct rrai PJKLANE L« Nn Ita rjtan Mm rNM M KQKJM MCtJM If Ip (14 Apr) H Mr M Mrr «Km II Mr U
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  • Page 22 Advertisements
    • 344 22 Hapag-Lloyd TO CONTINENT/UK EXPORTS On carriafe to Scandhavia, Med, Carribean tS. America Wand haulage to inland destinations in Europe TO EUROPE/MED Span P«ata«Nnai* leianßMtao tonaa Um Bhaten »'aorp Uta fcduwrs 14/4 12/4 10/5 10/5 14/5 tertian KduMn J/5 11/5 13/0 5/4 Mar IbduMn 13/5 15/5 17/5 12/S 15/4 24/4 20/4
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    • 164 22 ItG. LINE FULLY CONTAINERISED SERVICE r TQ EURQP[ VIA Mfmbf ol the Ac? Consculmn KOREAN lACEJM 33W KPnac caniM. M• KOREAN CHANCE 26W SEVEN SEJtS HUGE 55* PROM EUROPE VIA SUEZ »w Consofl.um SEVEN SEAS BMME 54E MERCATOR 37E C A TOBVO X CHMA CONTAJO ME PJlriMf S parc HKanf
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    • 543 22 Mr Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** L ASTFRN CAR I INI R I ID. INTERMARITIME LTD K KiutJiu (Sub kgwt) T* *****0 bfcvta (SM A<wt) T«k (***** REUNION/SOUTH AFRICA SERVICE uMMsrnn ot. a ct MOUNT FUJ VS7 SM SW SM
      543 words
    • 708 22 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SGP HKG KM KLG PUS 0» TYO IK* GUAM) 13/4 It 4 17/4 IJ/4 22/4 24/4 25/4 EM* GENUS CM* LCWCL 19/4 21/4 22/4 24/4 27/4 29/4 M/ 4 EM* GOIDCN 1/5 5/5 4/5 1/5 11/5 13/5 14/5 EM* GOMG 1/5 12/5
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  • Page 23 Advertisements
    • 920 23 x A PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE HKG KAO •TCH KEE BUS *MUR *MTC YOK KOB KEE 25/4 27/4 29/4 29/4 1/5 4/5 9/5 7/5 9/5 12/5 9/5 10/5 12/5 13/5 15/5 17/5 19/5 21/5 23/5 29/5
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    • 799 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTMENT KAAt B'HAVENRDAM HAVRE STOW PKELANG STORE FOR MHm Mara SaM SM Saitd SaM SjM 14/4 IC/4 WG. City of Ednbwfh $*4 SaM SjfcO Sated Saied 21/4 23/4 MM. fiwkhrt Eiprm Saied Saied Saied SaM SaM 29/4 1/5 MIC. Igtuo Eipreu SaM 12/4
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    • 601 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE S'porc A VESSEL 10/4 GANDA GAMA VISMB 20-21/4 OCEAN PtMA V4WB 1-3/5 LJ. BONTANG VOMB 44/5 Bftao Bremen Adam/Rdam Idn Hamburi 7/5 8/5 0/5 20/5-
      601 words
    • 245 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loadng for Rangoon Maine V 3 Pa(an V9BW Htoneywa V/ 211 10A0M6 FOR EUROPE Spore fJ(dan| 14/16 Apr 19/22 Apr 1/3 May V* BANK LINE EXPRESS SEMICONTAtR SERVICE (PNG parts: Port Meresby/Kieta/Rabatf/Kimbe/Lae) A HYUNDAI MERCHANT MARINE BULK TIMBER AND PLYWOOD SERVICE
      245 words

  • Page 24 Advertisements
    • 1251 24 USA CANADA ATLANTIC COAST (Round The World Service) OMENTAL KMGHT *26 MERCATOR V37C/N. GARNET V 3 CI. TOKYO VX/O. FREEDOM VS OCEAN LEGEND *2 PACIFIC COAST K line KAWASAKI KISEN KAISHA, LTD. PACIFIC SOUTH WEST FEEDER Kl 7 N Pll 7 MOTTO VSL T/S PORT LA/LB 0/ k BtDGE ¥54
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    • 782 24 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* PAetam I Liner Vessel S pore I Metb Frew Sydn Aho f ESUCimS 22 Apr CALABAR 6 May ESTECLIPPER 25 NUt Lntf Vessel S pore RAMOAS 14 Apr RAVCAS 17 Ap< CHANDOAS 30 Ap> AABMOAS 77 Mai RAMOAS 17 hHi 29 Apr 8
      782 words
    • 706 24 GOLDEN LINE GUAN GUAN SUPPING (PTE) LTD 23. IM Af«f Strwt SMum oi« m sums no un> STRAITS/PERSIAN GULF SERVICE: Pitting Pnunj GOIKN KM Colombo K»»ci« Out* Ooha'Bahmn GOUXN HAVtN Colombo toracta/taketfß*ra» 27/29 H> IS/17 Mi' CHINA OCEAN SHPfMG CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA P.KELANG PENANG OESTfWTION DEDU
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    • 361 24 INTRASEA (PTE) LTD 10 Anson Road e27 16 International Plaza Singapore 0207 Tel *****1 1 (1 O L<nest VOIAStA&m o BREAKBULK SERVICE TO EUROPE/UK j PHILITRON SHIPPING AGENCIES PTE LTD TEL *****22. (8 LINES) TELEX RS ***** PHILI PHILMMIIEIfT LINES PTE LTD TEL: 223C7M LINES) TELEX: Nt 2*730 PHNJ Petalwtg
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  • Page 25 Advertisements
    • 665 25 Ajents S po«f NEPTUNE AGENCES PTE LTD t 7 Id No office lermtial CFS 800MV6S 2Will Ft EU/AUST IPA/SA \T H H *****77 *****22 *****53 0* OMECI IMS *****53 *****4? X tC/ V m I HARPER WIRA SDK BtC 2XIOO m Be ■e *eian, HARPER WRA SON BHD *****1 *****1
      665 words
    • 498 25 WIS No Datum M3N No 7 Oaum U» Mi i Ovum &04H No I Ommi/MJN TBN/M2N No 7 Ovum MMM No i Danan M4N No < Dmmi/MKN No I Donjm &04N Port Krimi M/« 27/4 5/5 17/5 19/5 (OH tfct) M/ 5 4/« 11/( l»/« SP'Wi m,inis NfPIUNE *G(NC*S PIl
      498 words
    • 699 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILWNG 55. Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** f■ KIMIG ft HANG M/S SMAWMT NAH SOON SON. M IST ANO 2NO FLOOR MESSRS HAI THONG SHPPMG 127
      699 words
    • 125 25 K&S LINE JAPAN STRAITS SERVICE COML SIM Fan* am* ram TROPICAL MNNM GREEN PM SUN FIORES SANKYO LINE (S) PTE. LTD. 37 SomtrMt Ro»d #06-01 Ng Ttow Yh»« Bldg S por« 0923 T»l 235 8444 (4 Units) Poft KeUng lifj Pina Stwppinj Sdn Bhd Te! 03 3890.*4 S Penang Mala»sia
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  • Page 26 Advertisements
    • 344 26 frnml 1 REGIONAL CONTAINER LINES TO BANGKOK (4 WEEKLY SAILINGS) Fri/Sat 11-12/4 Sat/Sm 112-13/4 13-13/4 IS-16/4 TWFri 117-11/4 iini w irif (f/i C33E2123 EEBE2I2I IQZ3E2ISI EHZIZT* IT* rn ■■imm vi 'irrri CTfcSZiL^al ■euh Sat/Sun 126-27/4 2S-30/4 Thu/Fri I 1-2/5 Sat/Sia 34/5 IQ^J THAILAND nrT!Pii F""BrT*B 177^1 MALACCA STRAITS FEEDER SERVICE
      344 words
    • 160 26 I m *5~ f.i•T7* i i o3 7 *i us >\ i > 3? C'A 5d c yA r*\ Win< Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with speed in
      160 words

  • Page 27 Advertisements
    • 125 27 Wots]© use AGENCES K. LUMPUR P. KELANG PENANG P. GUDANG i. BAHARU LEOSHP SPORE 242S0SS/*****56/*****45/*****93 *****1/4 TERMNAL 3SS3SI/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 22M65/*****5/*****5 *****22 TO* EUROPE FEHXI FAR EAST/EUROPE CONTAINER SERVICE FROM EUROPE VS. rr.'in".':iw iif 11 "i/'."-MtT7TTTLI! II 111 ".I'-BltlllMl rxlrrM n hi': •MlffilTTM ALSO ACCEPTHG FOR: ANTWERP. L. HARVE. UK.
      125 words
    • 60 27 iSL COLUMBUS LINE REEDEREI GMBH EXPRESS SEMI CONTAINER SERVICE TO HULL ROTTERDAM HAMBURG TGANA PAPUA V 5 THALASSJN MANA VI TAMAITAI SAMOA V 7 Also accepting FCL contrs to Antwerp and Bremen General Agent SF Al lON SHIPPING (S) PTf 110 Smfjpatr SOIfS H(K»KIWT,S 1(1 ??nSf>B! iS lm<-< T.J. CARGO
      60 words
    • 427 27 GLORY NAVIGATION GROUP I.W ».l H' i ft-TH? 6 VESSELS OF LOG CARROS 5 VESSELS OF BRAND NEW TWW DECKERS ON I:aM.VJ:II. a;»s>a;ii>*a;.i...lf/i JamO*', PORE AND W. MALAYSIA BULK CARGO FROM SOUTH-EAST-ASIA TO TAIWAN, HONGKONG AND THAI AND. ABLE TO UFT AGENT OCEAN HT'l MARME COUP PTE LTD *****11 (5
      427 words

  • Page 28 Advertisements
    • 474 28 EXPRESS CONVENTIONAL SERVICE TO WO FROM UK/CONTINENT TO: EUROPE IG MM* STORE r KELAMG PtNMK FOR BENJAMAS 14/17 Apr h Pwt 1»/21 Apr 72/74 »0> UK. RTM. «6 FM: EUROPE PEKING PKEIANG STOK BANGKOK FOR AMPA 19/20 Apr 21/22 Apr 23/24 Apr 29/29 Apr FM. «G. BMW. A*P. HUll AGENTS:
      474 words
    • 428 28 FREIGHT MANAGEMENT IMPORT FROM U.S.A. WEEKLY SERVICE FROM NEW YORK, CHICAGO, LOS ANGELES Singapore Penang Port Kelang *****11 (12 lines) 04-*****7/54 03-*****07/8 v K /I I tSS UMI SHIPPING (S) PTE LTD UMI twcwrauriD m sifcwomi REGULAR COWTMO (FCL t LCI) AM) CONVENTIONAL Stmt ETA STORE LOMNNG FOR HONG KONG
      428 words
    • 687 28 C.Y. LINE (A Member Of The ACE Consortium) CHO YANG SHIPPING CO. LTD lUtlt COMMtRIStO StRVICE 10 EWOK (Vtt SUEZ) Spue IrHarn Rdvn f stove H*te| Brwi AM««ip KORfAN MUM 33* 10/4 5/5 0/5 1/5 10/5 11/5 11/5 MPIIM CRTS IU 34N 73/4 12/5 11/5 14/5 10/5 19/5 70/5 KORfAN
      687 words
    • 805 28 Everett Lines j J COMPANIA PERUANA DE VAPOREES (C.P.V.) "PERUVIAN STATE LINE" loadMg lot Ca«ao Mataian to and aM uttiei Petunia" ports with transhpment at Kobe On CPV through Mts at lading to final destination Penjnf* P Ketanc HUGHEttRETT MANOLOEVERETT tOHWVEKfTT Sai-apore 13/15 Apr 23/24 Apr 7/« May w "EVERETT
      805 words
    • 411 28 ZIM NON CONFERENCE ROEPENDENI FULL CONTAMER Q»(oes to USA Cast i Nut Coast. Cirri** lIHIIX3 CL3H HHi CH C3H I WSSU It 4lt lone a wssu ?}«at a «sai 1s k »SK l»5Jt 22SJI MS* ICS* 115 H 2»i K It K I.CJI STB NSM 11 N 12fJt 14 iH
      411 words