The Business Times, 30 April 1986

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 WEDNESDAY, APRIL 31, 198« 75 CENTS
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  • 598 1  -  Moves to sell some major assets By CHAN OI CHEE DAH YUNG Investment, the listed company whose shares have seen unusually heavy trading activity in the past few days, is negotiating to sell some of its major assets in order to improve its liquidity
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  • 203 1  -  By LOH HUI YIN ASEAN foreign ministers have agreed by consensus to hold the third Asean summit in Manila next year. Making the announcement yesterday following the special Asean foreign ministers' meeting, Philippine Vice-President and Foreign Minister Salvador Laurel added: "This
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  • 671 1  -  By LORETTA McLAUGHLAN WITH THE HEARING for the winding up of troubled stockbroking firm Lin Securities due to be heard in the High Court on July 18, senior partner Lin Tah Hwa is planning a parting shot. Mr Lin has asked the provisional
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  • 141 1 Bernama THE SOVIET UNION has warned Asean of the danger of being "swallowed" by big powers such as the US and Japan if Asean countries decide to join the proposed Pacific community. Soviet Deputy Foreign Affairs Minister Mikhail Kapitsa said in
    Bernama  -  141 words
  • Article, Illustration
    70 1 SHARE PRICES picked ap steam yesterday afteraaaa, to bvpiatoittag aad shart-eeverlag activities after five days cf eaasecatlve falls. At the elase, the Straits Times Mistrial latex was 8.« paints higher at 571.31 while the mere hrsadly-hased BT Campsaite ladex was 8.10 better at 471.92. TuMver to* picked *p,
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  • 340 1 Agencies SOVIET OFFICIALS commandeered buses in Kiev yesterday to aid in the evacuation of residents forced from their homes by what one Soviet diplomat described as the worst nuclear accident in history. There was no report of deaths, but a Western diplomat said
    Agencies  -  340 words
  • 119 1 NYT THE US has informed Australia and New Zealand that it will formally scrap its Anzus defence commitment to New Zealand if Wellington goes ahead with legislation to bar visits by nucleararmed or nuclear-powered ships. The law would ban nuclearpowered ships and empower
    NYT  -  119 words
  • 401 1 THE CURRENT RECESSION has put Singapore's harmonious industrial relations as well as union leaders to a severe test, said Mr Goh Chok Tong in his message published in May Day Annual 1986. Mr Goh, the First Deputy Prime Minister, said the unions had
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  • 105 1 Reuter TAIWAN WILL soon have the largest foreign exchange reserves in Asia, exceeding those of Japan. A Taiwan Economic Ministry spokesman said yesterday that the reserves stood at US$27 billion and would be $30 billion by September. He estimated Japan's foreign exchange reserves at $28 billion
    Reuter  -  105 words
  • Page 1 Advertisements
    • 113 1 Cahners Exposition Group CKI The Exhibition People More stories, Back Pago Mandarin Gardens "We pay less for our new home with an OUB Housing Loan" At Overseas Union Bank, we offer one of the best interest rates available for Housing Loans. Which means that in the long run, you can
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    • 248 1 Russia announce# accidant, Paga 7 BBHE SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS LETTERS CROSSWORDS TV A RADIO DOONESBURY OUR VIEW THE LABOUR MOVEMENT has shown itself to be well aware of the difficulties confronting the economy. It has wisely opted for a severe wage restraint or a wage standstill.
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    • 224 1 ^_/$:~:!$<:/*"-;~&/+.[{,]}?%$}& The International Health Plan A complete medical expenses and worldwide medical assistance package intended primarily for expatriates of all nationalities and their families Unlimited cover for all major medical expenses Worldwide cover including emergency medical transportation and air ambulance 24-hour Emergency Medical Assistance Service Worldwide Fast efficient worldwide claims
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    • 33 1 I «i km m T 'frT"~ —T* l W w w m > »j" 86 It April 26 May 4, 1986 World Trade Centre, Singapore Organised by CBS Th» Exhfctoon People Leader, Pag* 8
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  • HOME NEWS
    • 385 2  -  Sizzling competition in fast-food market By LISA LEE THE BATTLE for a bigger share of the fast-food market is expected to intensify when McDonald's Singapore widens its menu to include chicken wings from tomorrow. The chain, which lays claims to half
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    • 343 2  -  By MONICA GWEE IN A BID to be Asia's leading wine exporter, Jardine Wines A Spirits has secured the services of best-selling wine writer, Hugh Johnson, as consultant for its business in the region. Mr Johnson has written widely translated best-sellers
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    • 369 2 THE MASS Rapid Transit Corporation held a dinner last night at the Westin Plaza to honour its staff and contractors who carried out an excellent rescue job last month in the Hotel New World disaster. "They brought honour and credit to themselves and
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    • 300 2 SINGAPORE FARMERS have been invited to a Paris agricultural show in December to observe the latest developments in French agro-technology. The Commissaire General of the French organiser of the show, Mr Claude Jean, extended the invitation yesterday when he met the director of the
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    • 151 2 THE FOURTH In a series (A eight booklets developed by the Skills Development Fund to encourage systematic training is now available. Called Planning And Implementing The Programme, it explains the manager's role In planning and implementing a training programme to meet his department's skills development
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    • 61 2 THE SINGAPORE Chinese Chamber of Commerce Foundation Scholarship for 1966 will be open for application from FYiday. The scholarship is offered to Singapore citizens or permanent residents who are studying or have been admitted to a polytechnic or university here. It is worth $3,000 each for NUS and NTI
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    • 234 3 ORDERS WORTH more than $500,000 have been clinched by Singapore companies which recently took part in the Cairo International Fair. Another $3 million worth of orders, under negotiation, are expected to be awarded, according to the Trade Development Board. Mr Adnan Ramly, the TDB
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    • 281 3 WEE CHEOW BENG has been appointed the finance and administration manager of Prime Computer (Singapore) Pte Ltd. A graduate from the University of Manchester, Mr Wee spent several years in the UK before returning to Asia. He came to Singapore in 1984 and spent the past two
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    • 421 3  -  By MARTIN SOONG LIGHT AIRCRAFT ENGINES with substantial local content are being manufactured in Singapore (or a Seattle-based company by Sadler's Engine Design and Manufacturing. The company, incorporated by Americans William Gewald and Bill Sadler, has won a fiveyear contract from Dragon Engine
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    • 432 3  -  By JEFFREY TSANG A COMPUTER SYSTEM for dealing with electronic cash is the latest product which NCR has brought to the market. The new NCR 9800, specially designed to deal with high volume transactions, is likely to put the company squarely in a position to
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  • Page 2 Advertisements
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    • 124 2 How to get a good woman with no strings attached? Business Girl, Singapore's leading temp agency, can offer you many good women. With no strings attached. ur i women jjl from bankers, computer analysts, technicians, mechanics to secretaries and typists and more are all available as temporary help or through
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  • Page 3 Advertisements
    • 201 3 WORLDW/DE COURIER Changing the way the world does business. Introducing a most significant breakthrough in Business Computing. System Compatibility and a new Price/Performance standard. Hewlett-Packard introduces one of the most important advances in computer history VJe call it HP Precision Architecture. A new architecture based on RISC (Reduced Instruction Set
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  • Page 4 Advertisements
    • 71 4 Great food, good value and a relaxed atmosphere. Thafs what my restaurant is all about!' A At Restaurant Latour you'll discover the finest Continental cuisine. Our set lunch for just $28 includes a choice of six main courses. There's an extensive ala carte menu i for dinner each evening. And
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  • BANKING AND FINANCE
    • 721 5 SINGAPORE THE US dollar yesterday closed firmer against most major currencies after some shortcovering, but ended below the day's highs. Trading was thin throughout the day, partly because the Tokyo market was closed, and most operators adopted a cautious approach following the West German and Japanese central bank
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    • 241 5 Interbank rates at 3pm yesterday: Currenci** Nominal rate* Smithsonian Bid Offer croas parity change Local dollars to one unit of foreign currency: US dollor ***** 2 1920 2.8196 -22 29 Sterling pound 3 3927 3 3965 7 3469 -53 82 Australian dollar 1 6169 1 6198 3 4286
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    • Article, Illustration
      137 5 THE OVERNIGHT rate on the Singapore interbank money market rose by 3/8 point from Monday to close at 5-1/4 per cent yesterday. The term rates rose by 1/16 point across the board. The mode was 5-1/16. Indkates the average of the prime lemfinc rates of 12 major banks
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    • 364 5 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet afternoon trading, dealers said. They said most operators were sidelined due to the absence of fresh factors and awaiting the release of US leading indicators for March due yesterday and the US treasury's second quarter refunding
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    • 402 5 BA Futures FOLLOWING the strong closing in CME's prices due to shortcovering when oil futures traded lower, Eur*d«Uar futures yesterday gapped up in Simex. June Eurodollar opened 16 ticks higher than Monday's close at 93.25 and traded to intra day high at 93.27. However, owing to a Tokyo holiday,
      BA Futures  -  402 words
    • 195 5 HONGKONG: GOLD closed lower in moderate trading, mainly on overseas selling, dealers said. They said profit-tak-ing basically continued a New York trend. Local traders were mostly sidelined with their attention focused on the stock market, they added. The metal ended at U*****.15/55 compared with New York's 343.90/344.40 close and
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    • 493 5  -  By ALVIN TAY THE ADMINISTRATION of the diploma in investment analysis and dealer's representative examinations will soon come under the Institute of Banking and Finance instead of the Stock Exchange of Singapore. Mr Koh Beng Seng, the institute's chairman, explained in the 1985
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    • 400 5 WALL STREET economist Albert Wojnilower will be one of the key speakers at a gathering of more than 1.400 of the world's top bond dealers in Singapore in late May. Dr Wojnilower, a managing director and chief economist of First Boston Corporation, will speak on The
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    • 90 5 BANK OF AMERICA has opened a South-east Asian regional office in Singapore which will be headed by Mr Charles E Scribner, a senior vice-president. Mr Scribner will be responsible for the bank's operations in Singapore, Malaysia, Philippines, Thailand and Indonesia. He oversees the
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    • 247 5 FT THE BANK of France on Monday cut its key money market intervention rate by 1/4 percentage point to 7-1/2 per cent in a further move to bring down French credit costs in the wake of the franc devaluation three weeks ago. The reduction
      FT  -  247 words
  • Page 5 Advertisements
    • 47 5 OLYMPIC'S EUROPEAN CONNECTIONS IK A WISE CHOICE Frequent and convenient connections from Athens to more than 40 world-wide destinations, including Madrid, Istanbul, Dusseldorf, Marseilles, Milan, Nicosia and Stuggart. For enquiries and reservation, call 225 7788. {>iED3IZu3 x i ar 4 k s The International Airline of Greece
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    • 77 5 GET THE REAL -'W& /om-Tlam i£SOME BREAKFAST McDONALDS EGG McMUFHN—GETS YOU CRACKING ft ONLY $240 Star/ w#/} a toasted, buttered English muffin. Then a large fresh egg. A savoury slice of cheese. Finally, a hearty slice of Canadian bacon. All hot off the griddle. And you have a wholesome McDonald's
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  • OVERSEAS
    • 349 6 AP THE ARAB WORLD'S third conference of businessmen and investment planners began in Kuwait on Monday with a call to oil-rich Gulf countries to shift petrodollars to them from Western industrialised countries. High on the agenda of the three-day meeting is the fate of
      AP  -  349 words
    • 372 6 AP A HIGH OFFICIAL of President Reagan's Administration warned debtor countries on Monday that they must adopt policies to promote growth before they can get help from banks and from inter-governmental bodies. Robert Clarke, the Comptroller of the Currency, said: "The debtor countries themselves
      AP  -  372 words
    • 273 6 AP AMERICAN TRADE with China increased by 27 per cent to a record US$7.7 billion last year and prospects indicate further growth, while US trade with the the Soviet Union fell. The US International Trade Commission said a recent relaxation of restrictions on US goods,
      AP  -  273 words
    • 219 6 Reuter DWINDLING water supplies are threatening to shrivel China's depleted reservoirs, parch its cities and throttle industry, Chinese and foreign experts say. "Thousands and thousands of wells have dried up," said one foreign expert. "There has been an alarming drop in groundwater in the northern
      Reuter  -  219 words
    • 235 6 AP AMERICAN Secretary of Labour William Brock has said that it is time to stop blaming Japan for US economic ills and that the US should sharpen its competitive edge. "We can't keep blaming somebody else," Mr Brock told the 1,200
      AP  -  235 words
    • 265 6 AP THIRD WORLD countries, which suffer from malnutrition, malaria and overpopulation, are experiencing a rise in heart attacks, lung cancer and alcoholism brought on by industrialisation. "As Third World countries try to make inroads against age-old threats to health, they now confront a
      AP  -  265 words
    • 152 6 FALLING oil prices and sharply lower interest rates may help wipe out Thailand's huge current account deficit or turn it into a surplus this year. Snoh Unakul, the secretary-general of the National Economic and Social Development Board, Nesdb, said yesterday that this assumed the current depressed prices
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    • 435 6 AP ONE BY ONE the five Isomura children dropped out of school at age 15, saying they'd rather sleep late and bake cookies than go to high school. One by one they got into the best colleges in Japan. In a country where passing
      AP  -  435 words
    • 806 6 ARRIVALS Operotor Service number Local time From SIA UA SIA SIA MAS SIA KAL MAS MAS SIA CPA RBA GIA SIA SAS UB SIA SIA THAI MAS GIA CAL SIA SIA AY GIA GIA SIA SIA SIA SIA SIA THAI TK MAS THAI CPA KLM GIA Al
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    • 285 7 AP THE UN Secretary-General, saying that no country should be able "to threaten or to blackmail the United Nations", has suggested that the US assessment to the world body be cut. Javier Perez de Cuellar, speaking as the General Assembly met on Monday
      AP  -  285 words
    • 274 7 FT THE US COURT battle over the health hazards of smoking has taken a new turn a judge in Boston, Massachusetts, has ruled that the warnings on cigarette packets do not protect tobacco companies from product liability lawsuits. The decision, by Judge David Mazzone in
      FT  -  274 words
    • 209 7 AP THE US federal budget deficit surged to U5530.14 billion last month as a big pick-up in tax refund payments reduced overall tax collections, the Treasury Department has said. It said on Monday the March deficit was 23 per cent higher than
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    • 206 7 AP AFTER four years as the world's most expensive city, the Nigerian capital of Lagos has been topped by Tokyo, according to Business International Corp's 1986 survey of executive business costs. The survey, released on Monday, found that the increasing strength of the
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    • 194 7 AFP US PRESIDENT Ronald Reagan has decided to with* draw two Poseidon-class submarines from service, Defence Secretary Caspar Weinberger said on Monday in the first official confirmation of the move. His statement came amid speculation about whether or not Mr Reagan would forego violating
      AFP  -  194 words
    • 133 7 NYT A SO-CALLED video pirate using the name Captain Midnight, who briefly interrupted a Home Box Office movie with his own signal over the weekend, has sent concern through the satellite communications world, prompting warnings that all users of satellite signals are vulnerable to
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    • 245 7 Reuter A PERFORMANCE of Samuel Beckett's classic play "Waiting for Godot" had to be cancelled in Sweden on Monday night when most of the cast emulated the character Godot and failed to appear. Four of the five actors, all prisoners in the top-se-curity wing of
      Reuter  -  245 words
    • 134 7 UPI WITH A FEW FLICKS of a lever. Bob "Bubba" Troutman released the white Honda car from his crane and sent it hurtling onto five Japanese-made motorcycles. It was the high point last Sunday of Troutman's second annual "Honda drop" to urge
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    • 346 7 High radioactivity over Scandinavian skies NYT THE SOVIET UNION announced on Monday that there had been an accident at a nuclear power plant in the Ukraine and that help was being given to those affected. The severity of the accident, which spread discernable radioactive
      NYT  -  346 words
  • Page 6 Advertisements
    • 41 6 -~\V ao* d* eS a<°° SbfeS ov Ot <?L a Otoe fc* V Xe3S ute vntVv ***Lce. "fLe fa rno o^ e *tvip« 0 YiOi 06 a \9o aw, de \icate tV e P*~ dfl ot V«W »#>« e »fS "*S*> *«^V*trlfiSg
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    • 156 6 LONDON Every Tuesday, Thursday, Saturday and Sunday. Leaving Changi Airport at 22:05 hours and arriving at Heathrow at 07:05 hours the following morning. Call Air Canada at *****55 or your AIR CANADA One word that means a great deal in anyone's language: Hertz. Travelling overseas? Then book your Hertz car
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  • Page 6 Miscellaneous
    • 24 6 Doonesbury Girni I i h n M I Si BY GARRY TRUDEAU HI.CLYPZI d&ORSHBANSW&tS.ISHOUU? vou UMHYOU. awes ap&j? GONZTHROU6HA i _FSUJCHANGeS. WGOLIY, ms MRS.RB*eRM!
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  • Page 7 Advertisements
    • 81 7 for the price of at the At I For every drink you ordered, we'll provide you with another without charge. That's our way of saying welcome. Besides, we'll be serving snacks and canapes and if you're lucky, you may win a dinner for two at one of our outletsChesa Swiss
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    • 207 7 Standard Chartered a The adaptation for the commercial market of the two 'official currencies', the ECU and the SDR, is now available in Singapore through Standard Chartered Bank. When you are shopping in this market for a selection of currencies, we will tailor a 'basket' to suit your exact needs.
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  • FEATURES
    • 503 8 THE RELEASE of the 1986 National Wages Council guidelines last Thursday may lead some Singaporean workers to the conclusion that their lot has been forgotten. A double-blow is how some critics have described the guidelines. First, they say, workers had their wages slashed by the cut in
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    • 1271 8  -  The Pacific Asia Travel Association will hold one of the largest travel conventions in Singapore in 1989 and this is expected to brighten considerably the current dismal tourism picture. Studies held in other countries have indicated that the event has invariably resulted in
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    • 366 8  -  Letters to the Editor Lam Peck Heng, Registrar/executive director Singapore Society < Accountants Dear Sir, I refer to Lucy Ng's report headlined "Fears that SSA Council may not get full support" (BT April 28). I must say that your reporter has drawn some rather curious
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    • 218 8  -  Joycelyn Lim (Miss) Dear Sir, I refer to your article headlined "SDP opens Potong Pasir office" in Business Times on April 28. The report said: "Mr Chiam said yesterday that before he was told that the tree was unsuitable, he had
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    • 86 8  -  Say Eng Sin Dear Sir, I refer to the Singapore Mari-; time Officers' Union's letter which appeared in BT on April 22 April. I can confirm that the figure of 1,146, which is the number of Singapore officers employed on Singapore-registered ships as at
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  • Page 8 Advertisements
    • 135 8 =%'[{*_{!"}~`/%!>}~*>_$,}.${'/) Switzerland has a long tradition of cultivating sleeping comforts at high altitudes. A r fir y- N "wnmr, fif» .X^XCv sJi^s^sss S S Mm r-u V xymn s y-\\ v\ •••y^ In the country regions of Switzerland. bedding is traditionally hung from the chalet windows every day to air
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  • Page 8 Miscellaneous
    • 657 8 CRYPTIC PUZZLE ACROSS 1 Vessel about to be wrecked (1-4) 6 Many a politician's temporary quarters (5) 9 A noted name, though not great (7) 10 Cry when given a belt, possibly (5) 11 The way to make us hot (5) 12 and 13 One way to acquire a bouncy
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  • SPORTS
    • 99 9 AFP LESTER PIGGOTT has abandoned his comeback plans and will not ride in this week's 1,000 and 2,000 Guineas. Less than 48 hours after announcing his decision to ride Midway Lady in tomorrow's 1,000 Guineas and Tate Gallery in Saturday's 2,000 Guineas, Britain's most famous horseman
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    • 389 9 AP THE FRENCH PAIR of Yannick Noah and Guy Forget, competing for only a few weeks as a doubles team, beat Swedes Mats Wilander and Joakim Nystrom, 6-4, 3-6, 6-4, on Monday in the final match of the rain-marred Volvo Open in
      AP  -  389 words
    • 78 9 Reuter CHINESE ATHLETES will compete in the 1988 Olympic Games in Seoul. A Chinese Olympic committee spokesman said yesterday that China had recently registered for participation with the International Olympic Committee, but did not say exactly when. The announcement was the first formal notification
      Reuter  -  78 words
    • 341 9 Reuter BRAZIL'S brilliant goal-scoring midfield star, Zico, has recovered from a knee injury in time to return to his team for today's World Cup warm-up soccer match against Yugoslavia in Recife. His return to midfield alongside Falcao and Elzo, together with the imminent
      Reuter  -  341 words
    • 92 9 AFP SHEFFIELD WEDNESDAY goalkeeper Martin Hodge was still hopeful of going to Mexico with England after being put on World Cup stand-by on Monday. "The Gary Bailey situation isn't cut and dried yet," he said on Wednesday of the Manchester United man who is still not 100
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    • 380 9  -  By WALTON MORAIS THE SINGAPORE Lawn Tennis Association has reversed its decision to send four players to the East Asian tennis team championship in China. In a selection committee meeting last Friday, the association has decided not to send any players to the competition for
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    • 173 9 ALL GEARED UP and raring to go are the three members of the Singapore Dunhill Cup golf squad who will join 75 amateurs in the tournament's Pro-Am competition at Bukit today. Although the US$lOO,OOO Pacific zone qualifying tournament proper only tees off on
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  • Page 9 Advertisements
    • 1067 9 SINGAPORE PRESS HOLDINGS LIMITED Notice of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at News Centre, 82 Genting Lane, Singapore 1334 on Saturday, 24th May, 1986 at 12 noon for the purpose of considering and, if thought fit, passing
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  • Page 9 Miscellaneous
    • 1414 9 to sm mm PRE-HOLIDAY MOVIE A Letter to Three Wives 11.55pm, Channel 5 As three wives board a boat for a day-long charity cruise with their children, they are handed a letter from a mutual friend saying that she is running off with one of their husbands. Each wife has
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    • 39 9 ItenlcDLctaC U)£LX,U>£LL ,"TORDV ■momfsoH ,Tne Fißpn'S CCRuiL£.R.... TV«e NOmt3ef OF GS/ERV Fif?ra U)e HRVe .peal_\NGS ujitw j—THW BRiGFCRSe LOOKS M€«N>V... UJWPfT HFSVe. VOO 0»OT iN -mcße (TRKeTHem IfsPvFtTw pßecßunoN INCPVSC V Morne. JI THe Building Burns doo*j VpveRMIGWT.... C(^J
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  • INTERNATIONAL STOCKS
    • 332 10 Reuter BOEING CO is in a good position to compete for new business, chairman T A Wilson said. The company said on Monday that its current family of airplanes coupled with planned derivatives and the first of the all-new model series, the 7J7, expected
      Reuter  -  332 words
    • 116 10 Reuter JOHNSON MATTHEY PLC has announced that it is reorganising its international business in order to increase its market penetration worldwide. Existing divisions will be replaced by four new divisions to create fewer, more integrated global businesses, and to allow greater strategic control from group
      Reuter  -  116 words
    • 302 10 Reuter WALL STREET stocks moved higher at the close on Monday, as a late recovery in IBM shares and the bond market helped firm prices. Buy programs aided blue chips, although secondary issues remained mostly lower all day. The Dow Jones Industrial Average
      Reuter  -  302 words
    • 114 10 A n 28 C$ Imp OJ 42* Into 19* Int Ptov Pipe 43* unch Abitibi 25* lu Inti 22* 44* 15* unch 17V* Lobtaw B 26* 34* Moimv Ferg 14* 3* 40* -Vk Mc Btodel 32* Bp Resources 25* Mobon A 28* Broscon OA 25 Mi 37* 19* Noranda
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    • 171 10 AP« 2a Rand INDUSTRIALS Tongoat Trust Bk 780 140 70 unch unch 1300 A Alpha Abercom Aeci I090S 205 1060 515 unch -20 Anglos MININGS 3850 50 -50 1510 Blyvoof 2850 50 Buffets 6700 unch 200 Chorter 1200 10 485 ■5 Cons Gold ***** -150 Cons Murch 130 -2
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    • 651 10 AM 28 USS Alcon AJurrwi Akoo Aleg Inti Ahed S«g Afced Stores Aln-Chalmers Am Brands lr»c Am Can Co Am Cyanarmd Am Elec Pwr Am Express Am Home Prod Am Motors Cp Am Tel Tel Amax Inc Ameroda Hess Amoco Corp Amr Corp Armco Inc Asarco Inc At!
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    • 878 10 Amsterdam API 23 Fb ABN 577 00 -5 106 80 -2 7 Ahold 75 50 -1 5 164 00 -5 153 20 -0 4 AMEV 82 00 -2 9 ***** -I 2 ***** +0 8 B«fVd 30 10 -0 9 Borvjmn 675 00 -5 Buehrmon Tettcrod* 161 30
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  • Page 10 Advertisements
    • 172 10 y I;-'* Tr-'t .r.". i Y&m i a iF.fi «r sr Happy Hour at the Treetops Bar Baron's Tavern 1 m n$ i'- i> Where you can enjoy a 50% discount on all beverages from spm to Bpm at the Treetops Bar spm to 7pm at the Baron's Tivern daily.
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    • 189 10 It could only happen at Hotel Miramar... 4) Hi ...The Perfect Place For A $3* Drink During Happy Hours. Yes! It's all happening here. At our Brass Rail On:ktail Lounge. A drink for only $3.00* (except premium brands) served daily from 4pm to 7.30pm. Delicious natural air-flown oysters or our
      189 words
    • 126 10 A sumptuous family treat now available on SUNDAYS TOO CO r--Ln V with a delicious spread of over twenty delightful dishes and desserts I Lunch: 12 to 2.30 pm Wfefnesday Sunday at Terrace Garden Coffee House 181 Kitchener Road, Singapore 0820. Tel. *****22 V Enjoy the serenity amidst the hustle
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    • 92 10 f unkai Japanese Restaurant Sushi, sashimi, teppanyaki and other famous delicacies from the land of the Rising Sun are prepared by three resident Japanese chefs. Businessman's set lunch from $8.50++ FURAMA SINGAPORE HOTEL 10 Eu Tong Sen Street Singapore 0105 Tel 533 3888 King s den Sheer Relaxation! A lounge
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    • 143 10 London stocks on Pago 14 AND THE PERFECT COMBINATION GOOD MUSIC AND GOOD WINE GOOD FRIENDS AND LAUGHTER YOU AND YOURS AT THE LOUNGE ROSEMARIE. DAISY. MANUEUCA AND EMMANUEL. WITH CHART TOPPERS. OLDIES AND ROCK N ROLL. PIT EVERYTHING INTO PERFECT COMBINATION FOR A PERFECT NIGHT OUT ENTERTAINMENT: Mon Thurs:
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  • ASIAN STOCKS
    • 503 11 HONGKONG: Share prices closed sharply lower yesterday on active profit-taking after three consecutive days of gains, brokers said. The Hang Seng Index fell 22.36 points to 1,826.29 and the Hongkong Index slipped 13.77 to 1,134.57. Local investors took profits ahead of the announcement of the results of the Cathay
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    • 301 11 AMt 29 NT Kokn 55 76 03 Kuochan Dev 20 80 05 Al Sincere Indus 2 70 0 03 Lee Chang Yuen 2400 04 Asia Cement 2420 0 1 Chem Indus Cathay Cons 31 00 04 Lien Hwa Indus 12 45 0 3 Chang Hwa Bank 43 90 -02
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    • 476 11 SYDNEY: Australian share markets closed slightly firmer as interest in leading industrial stocks offset heavy selling in the mining sector, brokers said. The All Ordinaries Index closed 1.8 points up at 1209.1 after falling to a low of 1207.1. The All Industrials Index rose 9.8 points to 1989.4 while
      476 words
    • 66 11 AM 29 run Oriental B ***** -***** Phil Overseas 0015 unch Phdex B 020 unch Acoie Mmmg Anglo Phd 0 011 unch SLOT 77 0 5 Atlos Con B 15 unch Bovc Petroleum 0 003 unch Seatront Benguet Coo B no unch S*ne Dortoy 9 70 unch First Phil
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    • 96 11 APR 29 Won Hyundai Const 925 -14 Hyundai Motor 2095 5 Bonk Seoul Choheung Bk Commerciol Bk Doekm Ind Doewoo Corp 720 675 710 540 877 -12 -15 30 unch 46 KAL Korea Frst Yukong Korea OTp Lucky Ltd 1095 715 2190 460 1154 45 -20 30 -3 24
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    • 144 11 BANGKOK: The Securities Exchange of Thailand Index fell 0.07 to 129.53 yesterday. Turnover amounted to 153,674 shares valued at 23.8 million baht. The Tokyo market was closed yesterday. AM 29 tahn Sermsuk 362 2 Stom Cement 467 -4 S*om Citaens SUSP 124 1 S«jm Crtii^ns SUSP Ayu<*iya Investment Leasing
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    • 347 11 Reuter SOME JAPANESE semiconductor companies are planning to increase their microchip exports to the US from their overseas plants to avoid American attempts to limit cheap imports from Japan. Others say they are stepping up output in their US plants to sidestep American restrictions
      Reuter  -  347 words
    • 176 11 Reuter THE BANK OF CHINA (BOC) boosted net profit to 1.843 billion yuan last year, up 23.3 per cent from calendar 1984, the New China News Agency said. It said figures just released by China's Foreign Exchange Bank showed total assets reached 260.5
      Reuter  -  176 words
    • 116 11 Reuter BROKEN HILL Pty to Ltd (BHP) will not appeal against Monday's dismissal by the Supreme Court of Victoria of its legal challenge to the validity of the Bell Resources Ltd Part "A" offer document for shares in the company, managing director Brian Loton said in
      Reuter  -  116 words
    • 136 11 AFP MATSUSHITA ELECTRIC Industrial Co, a major Japanese electronic equipment maker, has suffered drops in consolidated sales and profits due to the high yen in the current business year's first quarter, ended Feb 20. Consolidated net profits in the three months dropped to US$3O2 million
      AFP  -  136 words
  • Page 11 Advertisements
    • 683 11 %0i msz'.sa um vvr »n> r For a Raranakan Buffet Lunch so good,even Nonyas feel at home. For over a decade we've been known for Peranakan Buffet lunches with a home-cooked flavour. You too can enjoy the pleasure daily, for only Ssl4.oo++ per person The Luna Coffee House, Apollo Singapore.
      683 words
    • 153 11 Thai Seafood Served In True Siamese Stvle i > w A i) Thinking of food. Think Thai: Spicy Tomyum Soup. Charcoal-Grilled Seafood, Royal Thai Seafood and our other delectable Thai Cuisine. Or if you're a gourmet cook, take home some fresh seafood from our mini seafood market. And cook up
      153 words

  • RAW MATERIALS
    • 611 12 AFP A WEEK-LONG session of the International Coffee Organisation (ICO) got underway in London on Monday, with statements on the current status of the world market from Brazil and the US, respectively the world's largest coffee exporter and importer. Exporting and importing nations
      AFP  -  611 words
    • 691 12 COFFEE ROBUSTA COFFEE futures remained fairly quiet and steadier to midday, with gains from on Monday night of £6 to £13 a tonne. Most operators again opted to remain on the sidelines in the absence of fresh fundamental news, dealers said. The market was expected around £15 to
      691 words
    • 204 12 SINGAPORE THE MARKET yesterday closed quietly lower with May One RSS buyers quoted at 166.00 cents per kilo, down two cents from Monday's close. The morning market weakened 2.50 cents following easier overseas advices, long liquidation and lack of buying support, dealers said. Prices recovered slightly in quiet afternoon
      204 words
    • 208 12 MALAYSIAN crude palm oil prices yesterday recovered slightly on late covering in line with the rebound in palm oil futures to close mixed, after weaker overnight Chicago soyoil futures saw values extend their falls initially, dealers said. Continuing large local oil stocks also weighed on early levels, they
      208 words
    • 149 12 Chinese Produce Exchange Sellers' noon dosing Apr 29 (SJ/100 kg). prices on Coconut oil Bute FOB 50 00 Ok) drum FOB 63 00 New drum FOB 67.00 Copra 28 buyers Mixed (loose) Pepper Muntok Whrte FOB NLW 1190 00 Sarawak Whrte FOB faq NLW 1175 00 Sarawak spectal
      149 words
    • 136 12 CONTINUED large disposals of metal coupled with a lower European free market yesterday caused the Kuala Lumpur tin price to fall another four rents, to M$l4.S7 per kilo from Monday, dealers said. Total turnover increased to 14t tonnes from the previous 73, reflecting miners' continued willingness to sell
      136 words
    • 66 12 Bangkok (USS/tonnc. FOB) White Rice 100% 1st doss 240 100% 2nd closs 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 Special 112 C-l Special unq C-l Ord unq Loonzain Rice 100% 1st grade unq
      66 words
    • 325 12 RAS prices tn S cents/kg, FOB tn boles NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 165 00 166 00N 166 00 167 OON lot 1 RSS May 86 165 00 166 00 166 00 167 00 Int 1 RSS June 86 162 50 163
      325 words
    • 108 12 (cents/kg, 1-ton pollers) 86 JUNE 86 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 154 50 156 50N 154.50 156 50N SSR 50 151 50 153 SON 151 50 I53 50N MRELB Buyers Sellers Buyers Sellers SMR CV 208 50 210 50N
      108 words
    • 183 12 Reuter WHEAT FUTURES on Monday rallied on comput-er-fund buying and closed as much as 7-1/4 cents a bushel higher the Chicago Board of Trade. July finished near the top of a 81/2 US cent range at US$2.6O-3/4, up seven cents. Purchases of nearly eight million bushels of July by
      Reuter  -  183 words
    • 192 12 Reuter SOYBEAN FUTURES on Monday closed 3/4 to three US cents a bushel higher in light trade on the Chicago Board of Trade. July ended near the top of a four cent range. The rally in wheat values and the mild recovery in foreign currencies against the US dollar
      Reuter  -  192 words
  • Page 12 Advertisements
    • 1093 12 umuu umui coRPDRSTion BGRnan (Incorporated in Malaysia) PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 ST DECEMBER 1985 The Board of Directors wishes to announce the following audited results of the Group for the year ended 31st December 1985: GROUP Turnover 1,134.549 Investment And Other Income Operating Loss Before
      1,093 words
    • 115 12 GENERAL MANAGER REAL ESTATE COMPANY We own a large commercial building complex and are looking for an executive with proven experience in real estate management to take full responsibility for all aspects of the management of the company and its property. Applicants, preferably in their thirties, should have knowledge of
      115 words

  • SHARE INFORMATION
    • 4034 13 SHARE PRICES rebounded on the Singapore stock market yesterday afternoon, thanks to bargainhunting and short-covering activities. At the close, the Straits Times Industrial Index was 8.02 points higher at 571.36 while the more broadlybased BT Composite Index was 8.10 points
      4,034 words
    • 278 13 SINGAPORE Rises Indies* o c c 6)5 25 »T Composite April 28 470 92 April 29 479 02 h 565 +25 IT Indicotor *****70 *****52 WH 580 5 IT Ot/OS 163 -141 FAN 565 5 IT CADI -7534 -7491 Boxy iloct 195 5 r 0 *****0 -*****0
      278 words
    • 2826 13 SECTION ONE INDUSTRIAL COMMERCIAL Acmo (0 906 0.915) (2) 089 (6) 090 (3) 090* (9) 090 (2) 090* Amol Steel 50« (0.59* B 0 60S) (2) 059 (11) 0 58* (4) 0 60 B A T 22c (1 448 1 465) (2) 1 46 (8)
      2,826 words
    • 124 13 HONGKONG Hong Kong Index Tuesday 1134.57 Monday 1148 34 Week ago 1097 05 Hong Seng Index Tuesday 1826 29 Monday 1848 65* Week ago 1763 73 TOKYO Nikkei Average Tuesday Closed Monday ***** 93 Week ago ***** 33 TSE Index Tuesday Closed Monday 1248 11 Week ago 1223
      124 words
    • 270 13 Managers' prices for April 30 Singapore Unit Trust The Commerce 0 77 0.82 The Savings Fund 0 60 0 65 S'pore Prog Fund 0 30 0 32 S pore Sec Fund 0 50 0 54 S'pore Invest Fund 0 44 0 47 S'pore Equity Fund 0 34 0
      270 words

  • COMPANY NEWS
    • 548 14  -  By RAMESH CHANDIRAMANI FINANCIALLY TROUBLED UMW Corporation Bhd has sunk deeper into the red, crippled by sizeable losses from its heavy equipment division and extensive writedown provisions on all fronts. For the 12 months to Dec 31, 1985, the group incurred
      548 words
    • 2768 14 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. MDUS TRIALS Apnomoto xd AMD (3 30S) (1) 3 30
      2,768 words
    • 112 14 GEORGE TOWN H*ktiags Berfcad: 80th AGM at 11th Floor, Campbell Complex, 98 Jalan Dang Wangi, ***** Kuala Lumpur, today, at noon. 8TRAIT8 STEAMSHIP Cwnpaay Limited: AGM in the Straits Room, 10 ColIyer Quay #29-00, Ocean Building, Singapore 0104 on Friday, May 2, at 11.30am. SOUTH EAST ASIA DEVELOPMENT
      112 words
    • 805 14 THE OVERNIGHT recovery on Wall Street gave investors in London incentive to buy shares with the market opening higher across a broad front. At 9.20 am, the FTSE 100 Index was 9.3 points up at 1,638.1. Leading equities moved ahead following 1985 pre-tax profits of £116.9 million from
      805 words
    • 393 14 MBT PETRONAS, Malaysia's national oil corporation, is reviewing Promet Bhd's status as a bumiputra company for supply of materials and contract work for oil companies in view of the recent changes in management. Sources in Kuala Lumpur said that while Promet was at one time
      MBT  -  393 words
    • 529 14 SHARE PRICES rebounded in selective trading on the Kuala Lumpur stock market yesterday, buoyed by bargain-hunt-ing activities. Speculative counters and lower liners led the list of active stocks with many recording moderate to substantial gains. Antah was once again the day's most active counter
      529 words
    • 521 15  -  By CHAN OI CHEE LEADING MOTOR-BASED group Cycle and Carriage Ltd is heading for another year of losses, probably much heavier than the last, judging by its latest results for the half year to March 31, 1986. Crippled by dwindling sales of
      521 words
    • 172 15 THE FLOTATION of Cathay Pacific Airways was heavily oversubscribed but the final tally of interest in the airline's shares may not be known until next week, financial adviser Baring Brothers Asia Ltd said. "We don't know how many applications were turned in but obviously the
      172 words
    • 107 15 PHASER A Neave Ltd has confirmed that its new subsidiary International Theme Parks (S) Pte Ltd costs $2,500 cash, being the normal formation costs of a new company inclusive of registration fee payable under the Companies Act. DUFF Development Bkd has announced that Omicron Sdn Bhd, Mah King
      107 words
    • 592 15  -  By NAJEEB JARHOM INTRACO, the national trading company, has slashed its first and final dividend to 2Vi per cent less tax from 10 per cent in view of its dismal fiscal 1985 results, which was released yesterday after some delay. The group, which
      592 words
    • 474 15 OVERSEAS UNION BANK, the smallest of the Big Four local banks, has fired the first shot in a likely free gifts war among the banks for a slice of the potential $2.4 billion CPF investment cake. In wasting no time to put itself one
      474 words
  • Page 14 Advertisements
    • 488 14 NOTICES la the Matter of The Companies Act, Cap. 18$ and In the Matter ot SINRU (SINGAPORE) PTE LTD (la Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Colombo Court #04-15, Singapore 0617 on Wednesday, the 30th day of April
      488 words
    • 365 14 IN THE MATTES OP THE COMPANIES ACT, CHAPTER 186 AND iCE y I J,' f.V y y lh 'Ci. PAN LAND MARKETING PTE LTD (la Voiutary UqaMattea) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed company duly convened and held at 52A, Telok Ayer
      365 words
    • 287 14 THE COMPANIES ACT, (CHAPTER 185) AND IN THE MATTER OF GREAT GREEN TRADING PTE LTD (ImrpmM ia the RepvbUc af Singapore) (Ia LiqiMatiaa) Members' Volantary Wlatflag Up At an Extra-Ordinary General Meeting of the Members of the abovenamed Company duly convened and held at 52 Telok Blangah Road #04-06 Telok
      287 words
    • 450 14 HWA HONG CORPORATION LIMITED (Incorporated in the Republic of Svtgapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY OVEN that the TtwrtyThird Annual General Meeting of the Company wil be held at Block C, 608 Martin Road #14-06/7 A, Singapore Warehouse Building, Singapore 0923, on Tuesday, 20th May 1986 at
      450 words

  • Page 15 Advertisements
    • 494 15 jOk ISLAND PENINSULAR BERHAD (INCORPORATED IN MALAYSIA) ift ip PRELIMINARY REPORT OF RESULTS FOR THE YEAR ENDED 31 ST JANUARY 1986 The directors are pleased to announce the unaudited results for the year ended 31st January 1986. COMPANY COMPANY INCREASE/ (DECREASE) Turnover Investment and other income Profit before taxation (Notel)
      494 words
    • 556 15 JRI austral enterprises berhad gRn (INCORPORATED IN MALAYSIA) KB PRELIMINARY REPORT OF RESULTS FOR THE YEAR ENDED 31 ST JANUARY 1986 The directors are pleased to announce the unaudited results for the year ended 31st January 1986. RESULTS INCREASE/ (DECREASE) OTHER INFORMATION GROUP 1986 1985 Profit after taxation but before
      556 words

  • 566 16  -  By ALVIN TAY NATIONAL FLAG CARRIER Neptune Orient Lines (NOL) plans to raise between $55 million and $100 million in fresh capital through the issue of another batch of redeemable cumulative preference shares. The proposed package, if successfully put together,
    566 words
  • 234 16 AP THE US government's main gauge of future economic activity posted another strong gain in March as the economy continued to send signals of a coming rebound in growth. The Commerce Department yesterday said that its index of leading indicators rose 0.5 per cent
    AP  -  234 words
  • 78 16 AFP SOUTH KOREAN opposition leaders campaigning for the country's democratisation have expressed concern at the antiAmerican and anti-nuclear thrust of student protests there. In Seoul yesterday, top political dissident Kim Dae-Jung met to discuss the matter with opposition New Korea Democratic Party chairman
    AFP  -  78 words
  • 372 16 EFFORTS MUST BE re-doubled to achieve more economic and social progress in Asean, given the adverse economic conditions facing the members. In line with this, the Third Asean Economic Summit, which is scheduled to be held in Manila next year, will
    Photo by WONG KWAI CHOW  -  372 words
  • 285 16 ASEAN, which will hold talks with President Ronald Reagan tomorrow before he attends the Tokyo Economic Summit from May 4 -6 will be briefed on the summit's outcome by US Un-der-Secretary of State Allen Wallis. Mr Wallis, who is a member of President
    285 words
  • 378 16 AFP SIKHS in Punjab have formed a Sikh nation and asked world governments to recognise it. "We have formed the government of Khalistan. We will shortly announce the boundary," militant spokesman Bhai Gurdev Singh yesterday said in Sikhism's holiest shrine, the Golden Temple at
    AFP  -  378 words
  • 73 16 Reuter COMEX GOLD futures moved up from lows yesterday on small buying by banks and dealers. Gold for delivery in June was down US$2.OO at $343.80 an ounce on a mini-comeback from $343.60. Silver futures gained 1.5 to one US cent in the morning on steadiness
    Reuter  -  73 words
  • 61 16 Reuter WALL STREET stocks yesterday advanced, with blue chips extending their rally, and secondary issues following sluggishly, traders said. The Dow Jones Industrial Average was up eight points to 1852, Just below the old closing high of 1855.90. Advances led declines by a three-two margin. A stronger
    Reuter  -  61 words
  • LATE FILE
    • 41 16 Reuter CHINA will double its overseas investment by 1990 from US$l7O million at the end of last year. The New China News Agency said yesterday priority will be given to fishing, timber-processing and iron-ore mining. Reuter
      Reuter  -  41 words
    • 43 16 Reuter OVERNIGHT interest rates in Hongkong rose sharply to as high as 20 per cent yesterday as investors pulled their savings out of banks to finance applications for shares in the British colony's leading airline, Cathay Pacific. Reuter
      Reuter  -  43 words
    • 46 16 Reuter FRENCH businessmen expect industrial output to rise in the second quarter, particularly in the intermediary and capital goods sector, while rises in production costs should slow down, according to the latest monthly survey of the National Statistics Institute. Reuter
      Reuter  -  46 words
    • 56 16 Reuter SRI LANKA's economy, hit by guerilla fighting and falling commodity prices, grew 5 per cent last year compared with 5.1 in 1984. Colombo's central bank yesterday cited low tea and coconut prices, reduced tourism, poor investment and disruption of economic activity in guerilla-infested areas as
      Reuter  -  56 words
    • 31 16 Reuter THE Civil Aviation Administration of China yesterday granted a charter flight contract between Singapore and Hainan Island to Hongkongbased Cathay Travel Service, a Cathay spokeswoman said yesterday. Reuter
      Reuter  -  31 words
  • Page 16 Advertisements
    • 124 16 *K'J HOwS to getyour dream hxmw HOwS is SBS's Home Ownership Scheme specially packaged for the first-time purchaser of a private property or owner who is planning to upgrade to a better residential property. With HOwS, you'll enjoy greater flexibility. So, if you have good income potential in the future,
      124 words
    • 390 16 THE CHINA BUSINESS LAW CONFERENCE 1986 26-27 JUNE 1986, SHANGRI-LA HOTEL. SINGAPORE organised by: Ktimes conferences A wholly-owned subsidiary of Times Publishing Berhad Main Sponsor Department of Treaties and Law, Ministry of Foreign Economic Relations and Trade Co-Sponsor International Trade Research Institute, Ministry of Foreign Economic Relations and Trade SPEAKERS
      390 words
    • 3 16 Balloting, Page 15
      3 words
  • Page 16 Miscellaneous
    • 52 16 Outlook for todoy: Showers over several oroos in rite ofternoon. Report for 24 hours prior to 7.30pm on Apr 29 at the airport: Maximum temperature 32.6 Associated humidity 61 Minimum temperature 25.9 Associated humidity 94 Hours of sunshine 7.55 Rainfall in millimetres nil Roinfall this month 148.4 Rainy days this
      52 words

  • SHIPPING TIMES
    • 282 17 LYKES BROS Steamship will Juit the trans-Pacific trade in une to concentrate on its US Gulf Northern Europe trade. Said president and chief operating officer E F McCormick: "The level of freight rates in the trans-Pacific has fallen dramatically since 1984 causing massive losses
      282 words
    • 443 17  -  By JUNE LIM THE FAR EAST-CANADA Rate Agreement will introduce a common tariff for member lines tomorrow. It follows hot on the heels of that implemented by the Asia North America Rate Agreement (Anera). Members of Anera, which implemented its common tariff on
      443 words
    • 236 17 Seatrade Week HONG KONG ISLANDS Line will expand its trans-Pacific service in mid May by entering into slot chartering agreements with Zim-Ameri-can Israeli Shipping and Gearbulk Container Services. The line's so-called boomerang service, linking the Far East, US west coast and Australia,
      Seatrade Week  -  236 words
    • 222 17 Bernama THE PASSENGER liner service, plying the Singapore, Pulau Pinang and Madras route and discontinued in February last year will be resumed either in late July or early August. Sanren Delta Marine executive chairman Rosli Latif said that a 10,000tonne vessel, registered in
      Bernama  -  222 words
    • PORTSIDES
      • 75 17 AUSTRALIA HAS CHANGED its shipping regulations to permit more coastal towns to become home ports for Australian-owned ships. At present there are only 20 registered ports and the naming of a new home port needs an application by at least 10 owners. Transport Minister Mr Peter Morris
        75 words
    • 1279 18 BUSINESS was predominantly concerned on Monday with time-charter operations on the London shipping freights market. There was little grain voyage fixing besides a number of South American charters, while coal and ore markets lacked real activity. There was still no indication of any improvement in the weak rate
      1,279 words
    • 743 18 Fairplay DATELINE Houston: the city Special Operations Division has turned out 60 police officers to join the port's own police force to guard an oceangoing barge loading 17,000 tons of wheat at a public wharf. NonInternational Longshoremen's Association labour was being used to handle the cargo.
      Fairplay  -  743 words
    • 323 18 Reuters A HOARD OF 18th-century Chinese gold ingots recovered by divers from a sunken ship in the South China Sea sold at auction on Monday for US$l.B million, almost twice the expected price. The gold came from a Dutch East India .Company ship wrecked
      Reuters  -  323 words
    • 166 18 AP THE CHINESE Communications Ministry has blamed loosened controls over inland navigation and money-mind-ed ness" of some transport services for recent passenger boat accidents, the official Xinhua News Agency reported. A ministry report said a series of accidents involving passenger boats, most of
      AP  -  166 words
    • 401 18  -  By Kingsley Wood NEW SOUTH WALES IS well advanced in negotiations with Egypt and Thailand on new coal and technology contracts that could be worth more than A 514,000 million over 25 years, according to Australian State Energy Minister Mr Peter
      401 words
    • 847 18 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 4 Atlas Line X 3 ANL I 1 /2 APC Line V 4 APL 111 2/3 ASCL 111 1 Bait-Canada
      847 words
    • 187 19 THE 1966 EDITION on Rules for Nondestructive Inspection of Hull Welds has been published by the American Bureau of Shipping. The new edition which replaces that published in 1975, contains two addition sections and several new appendices providing more information and guidelines on the
      187 words
    • 427 19 Lloyd's List A NORWEGIAN shipping and offshore group Wilh Wilhelmsen plans to transfer additional vessels to foreign flags in order to counteract a weaker result being forecast for 1986. The company said that uncertainty resulting from the current oil price was likely to lead
      Lloyd's List  -  427 words
    • 124 19 THE AUSTRALIAN arm of Elf Aquitaine has reduced its staff from 72 to 40 after its head office in France sharply reduced its exploration budget for the coming year. Elf is the third major oil and gas explorer in Australia to cut exploration funds, following
      124 words
    • 727 19 AFP THE UNRELENTING slide in rates in major sectors of the freight market over the past week, some to their lowest level of the past decade, wrecked shipowners' hopes of improved springtime earnings. These conditions pushed the Baltic freight index down gradually to a record low level ot,
      AFP  -  727 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
      187 words
    • 110 19 YUGOSLAVIA will soon embark on a fleet modernisation programme. Under the plan, Yugoslavia will purchase 150 vessels totalling nearly 2.3 million grt. Of these, 80 will be newbuildings 57 of which will be built domestically and the remaining at foreign yards. The other 70
      110 words
    • 4946 20 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 a
      4,946 words
    • 766 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Sea Gory 8618 304 86 2300 Eastern M F7 1400-1500 L6 Sind Mariner 8E/9W 30.4 86 2300 Ned-EAC F7 1400-1500 HI Frankfurt E 28/427 30
      766 words
    • 491 25 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure Keppel Alfesani Baikal Bmtang Seria Ragamas 3 Tien Ann Trans Fjord Equator 3 G Selatan-6 Hati Baik Hin Ann Jiangmen Kashiwagi M Koto Sejati L Petaling 2 Ned Borcelona Princess Ruby Qmghecheng R Viking Star Tomoh Satu K2l K
      491 words
  • Page 17 Advertisements
    • 656 17 Concise Comprehensive Contemporary ataH g oo^ A^shop S and Diitribufd by 3 3 7^ PUBLICATIONS OOCL Orient Oveiqeas GokUum* Line STRAITS EUROPE EXPRESS SERVICE *KOREAN CHANCE 26W snn SEAS BROS 55W MEKATOR 34W CJ TOKYO 4N cm* contakr 3sw CJ PMC 5W Penang and Port Ming cargo *ia teeder »essel
      656 words
    • 63 17 [KMDB TWO FACTORS are combining to put intense pressure on the ILA. Page II A NORWEGIAN shipping ond offshore group Wilh Wilhelmsen plons to tronsfer odditionol vessels to foreign flogs in order to counteract a weaker result being forecast for 1986. Page 111 Index to advertisers II London freights 'I
      63 words
    • 1229 17 *0^ A hard look at what it will take to succeed in business for the next 20 years With turbulent times ahead forewarned will be t forearmed $22.00. MAERSK LINE FAST TRANSIT TO MIDDLE EAST SINGAPORE/DUBAI 8 DAYS SINGAPORE/DAMMAM DAYS SINGAPORE/BAHRAIN 10 DAYS SINGAPORE/KUWAIT —11 DAYS Voy Spore EXPORT TO
      1,229 words

  • Page 18 Advertisements
    • 377 18 YAMASHITA-SHINNIHON LINE TRANS-PACIFIC SERVICES STRAITS FEEDER Pacific North West Feeder at Kao Atlantic/Canada Feeder at Kobe '»IHWI<7IM nTTMinMIW^M llMraH'tlfT" TBiv m ■F1 r UTiJI f'VJB f'Jtß [OHH UJUH EI7TS iLfifli EDZ9I ting LCL Cargo for USA Ports. 'Portland via Seattle MIDDLE EAST Full Container Service (A member of Oasis Consortium)
      377 words
    • 258 18 J'..l C"JI "'1 iTMT NEXT ARWVMS BARBfR PtRStUS 30/4 BMK* TOMSKKC 27/5 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA SM faM 1/5 1/5 1-1/5 4/5 13/5 1215/5 11/5 If/5 15-22/5 25/5 ""VI l" KLII Mm Kcapk< cwto tm Hautta (HJ). S ftmma. OM, Stadtan aad Sa Dfeg* 1
      258 words

  • Page 19 Advertisements
    • 997 19 The Straits Steamship Group Mansfield Container Shipping PteLtd Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAINER SHIP SERVICE TO UK/CONTINENT 11-14 May 10-17 I BANGKOK BORNEO AGENCIES LTD BANGKOK TEL: *****80 It Antwerp Airaterdam. Oito I* Bremen la al UK MMattem. W»1 mt I
      997 words
    • 672 19 Franco Belgian Services .ir i-f b rt-n* h Sit* i« ith Hflgi.in i ir A .i»f» r n //ifcar wo sctwq to tuton STOK PKELANC Lt Hanrt Ite fStwn Hm Wnß Art KOREAN CHANCE to Pwl (2« Apr) 19 May 20 May 22 May 24 May 25 May 27 Ma;
      672 words

  • Page 20 Advertisements
    • 436 20 Hapag-Lloyd TO CONTINENT/UK EXPORTS Hand haulage to Han Hand destination in Etrope S parc PKatanf Pananf LeuonßKbao Genu Bha«w Awarp 9/5 11/5 13/1 9/4 13/5 15/5 17/5 12/4 15/4 24/4 24/4 24/4 17/4 J/J 11/t U/4 15/7 11/7 13/7 8/7 FROM N CONTINENT &UK IMPORTS Agents SEGANI Shfipore *****66 K.
      436 words
    • 155 20 11G.& LINE ■—B—■ FULLY CONTAINERISED SERVICE Ko*(* I* J* "TO EUROPE VIA SUEZ A tht c? Comwt.um SEVEN SEAS BROS 55* MERCHTOR 38W C. S TOKYO 4* CHM COKTUO 35* FROM EUROPE VIA SUEZ 1 A Member of the Ace Consort.um CHM CONTAtO 341 C. R PtttS 41 HONGKONG CONTMO
      155 words
    • 770 20 /iff Wai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** I fc. lAS I I KN \K I INI k. I I I). Specialist in RO/RO Servic Accepting heavy-ifts upto 80 K/Tons SaKngs from Japan Spore rKdjnt Koctanc Mu»a KK SCKI NAGOTA 7 May
      770 words
    • 378 20 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) m f** GENUS 2/5 EM* GARDEN 5/5 mi GUAM) 11/5 EVER EAUREI 11/5 eve* inoc 25/5 EVER GREET l/« EVER GRACE I t juso acciptmg ia/Fa t fcl/fcl m GOTieaUK AARHUS COPENtAGE* OSLO STOCKHOLM. FdSBBU. na nOHHOI MA
      378 words
    • 205 20 r QSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES n KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC STORE nun* LM*|hr: Oceana Count 10/5 Wtwak. Madant L*. Mfcrwby. Uotau. Rabati Kitta. Honiara, Papettec Kyowa Cosmos 7/C Jayapura. Nowak, Madant Lac. P .Moresby, Honiara. Kkta, Rabad uV SUN UNION
      205 words

  • Page 21 Advertisements
    • 924 21 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 1 n FAR EAST CONTAINER SERVICE VESSEL MAJAPAHIT GOWA KOTA SINGA SIN JKT SBY SIN SaHad Sailed Sailed Sailed Sailed In Port 3/5 6/5 »/5 12/5 14/5 •TCM TAICHUNG *MU« I SIN HKG KAO *TCH KEE BUS
      924 words
    • 960 21 BLC BEN LINE CONTAINERS EXPRESS CONTAINER TO UK/CONTMENT EXPRESS CONTAINER SERVICE TO UK/CONTMENT HAM B'HAVEN NDAM HAWK ST OH IPKEIANGSTORE IFOR Frjrtturt Emxess Saitd Sate) SjM SM SaAeO SjM 30/4 WG. TIM lokn Eipreu S<M SjM SaM SaM SjM 10/5 U/S HRC. TRN N.tano Mara SjM SaM SjM SjM SjM
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    • 516 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE S'ppt Bfcao Bremen Adam/Rdam Ldn Hambw( OCEAN PRMA V4NB 5-7/5 4/5 7/C 11/6 UL BONTANG VfNB >11/5 10/( 14/8 16/S 21/6 S pore Genu BRbao
      516 words
    • 383 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon Paean V9BW Htoneywa V/ 211 Paan V9SN V* wamaouw to ukc THALASSM MAM MEADONBANK VIOM TMUIIM SAMOA *7 dTDCBANK KI7K IVYBAIK VltN PleUnt Peiunf 10/11 May (P. Gudanc) 9/10 May (P. Gudanc) 25/27 May BANK LINE
      383 words

  • Page 22 Advertisements
    • 1234 22 to- v® K line USA CANADA ATLANTIC COAST (Round The World Service) KAWASAKI KISEN KAISHA. LTD. PACIFIC COAST PACIFIC SOUTH WEST PACIFIC NORTH WEST fftiw SP PK PN SP MOTHER VSI T/S PORT LA/LB OAK MOTHER VSI T/S PORT SEA ASIA STAR V 47 27 APR 28 APR 29 APR
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    • 755 22 C£f2 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* IAtABAR 13 Ma, Esiiamß ?8 Md, CAIABAR IS tun M S Kit ?6 lul 24 tul INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Singapore P Hwang Penang loading tor BHAVABHUTI 21 Apr Cotarto Bort.iT BHMATENDU Ma, C*i*t tartil KAIDAS 11 May B«<*ay
      755 words
    • 727 22 VTO GOLDEN LINE l|QQ\ GUAN GUAN SHIPPING (PTE) LTD 23. I(M Ay ti Street —SMGAKWE 0104 TCI *****11 (10 IMS) STRAITS/PERSIAN GULF SERVICE: S pocf P Mane Pniai* GOLDEN HU Colombo Karachi OuU. Doha Bahiain (/7 May GOtKN HAWK Cotonbo Karachi Bombay Dub* 25/2* *J| CHINA OCEAN SWPPING CO., PEKM6
      727 words
    • 596 22 INTRASEA (PTE) LTD 10 Anson Road »27 16 Internationa' P'aza Singapore 0207 Tel *****1 1 HO Lines) &n>BiABEAE.tara: O BREAKBULK SERVICE TO EUROPE/UK S pore P. KoiangPon STJEPOV *****07 14/5 11/S snt/toT/mn/w AVON Afwti Smfjporf MTRASEA (Ml) 110 BOOKMC ??«C5ll K Lisnpu HUANG SMPTW CO SON IK) 71M711 Pnani NNTANG
      596 words

  • Page 23 Advertisements
    • 677 23 NOL NEPTUNE ORIENT LINES LTD Agents Sp«t NEPTUNE AGENCIES PTE LTD TH No othce lumoial CfS BOOK*GS *****77 W MIST ]"SEA *****77 *****22 *****53 OK WWCT LWS *****53 *****42 I Bihiu HARPER VWRA SON BHD ?*IOO P Keian, HARPER WfIRA SON BHD ****** »8624 l P Iju HARPER VWRA SON
      677 words
    • 434 23 donam HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN, INCHON SP(*t »QNIS NiPIUW AGINCNS Pit I ID Tel ?;g997 7 ?7854 34 ???7blo ??1?0?? (Operations) ????457 ??09?84 (Twrrwialt ??0?4S0 ??0?V)4 (CfS) I/'-'N M»I«YSI» HGINIS lUNAS SI TIA SDN BHO Kt lei 4 >, PK Tel
      434 words
    • 614 23 h W SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55. Market Street Singapore 0104 Telephone Numbers *****33 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG PtHAHG W iJTSSSSS WSJ? 2?5S. FLOW MESSRS MAI THONG SHPPMG 127 Penang Street. Penang Ma.a,s,a
      614 words
    • 145 23 K&S LINE JAPAN STRAITS SERVICE S'pere P.KeUnf Penary SUN FIORES In rt/Pl 1/5 3/5 OCEAN TREASURE 7/5 11/5 9/5 (KUANTAN) GAYA UNA 9/5 12/5 14/5 DONA ALGO 7/5 9/5 11/5 SUNNY VENTURE 12/5 14/5 IS/5 SANKYO LINE (S) PTE. LTD. 37. Somerset Road. #0601. Ng Ttow Yhee Bldg S pore
      145 words

  • Page 24 Advertisements
    • 358 24 ICCL TO BANGKOK (4 WEEKLY SAILINGS) SEA DRASON I. KONSORTUI WA BHUM rwpr* F** rrosi exteh rara rasa ■53 E212D8 EQS3 EES sn BHUM SEA DRAWN HE221E2123 rm »>V J >H ■iliJ m TO SOUTH THAILAND SONGXLA KMI imw-i 'II MALACCA STRAITS FEEDER SERVICE TWICE WEEKLY TO PENANG/WEEKLY TO P.KEIANG/FORTNKHTLY
      358 words
  • Page 24 Miscellaneous
    • 170 24 W A a Regional Weather k"V 'V"V J V\ o »>y *zr"M »XV 54 !IIK in r 4mwu SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed in knots Wove height LEGEND R Thunderstorm Temperature «> c X\ Weather Wind direction with speed in knots
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  • Page 25 Advertisements
    • 272 25 REGULAR CONVENTIONAL/CONTAINER SERVICES TO CHITTAGONG ETA ETD CALLPG miST UNON I 12/K SJM "Jl CUTTA ÜBASSADOS I */K 10/5 14/5 CTG STAR DUMON) 03/K 1/5 12/5 CAtamA STAR SOU) M/« J/5 CALCUTTA. BOMBAY COLOMBO. ]m KARACHI ON I«JCtMtNT AGENTS: BAYANIHAN SHIPPING PTE LTD T«fc *****11 How) TIK: R3 Sstt7 BAYHAN
      272 words
    • 149 25 co^ T BP ETO Spore 2/5 tl IIMHW 1 "ti'l LIZENA PTE LTD TFS INTERNATIONAL NVOCC LINE Operator TRANSOCEAN (M) SON. BHD 6? Weld Quay (2nd fir ***** Penang TW *****5. *****5 Tlx MA***** TFSPG Fa* No 04-*****5 TRANSOCEAN BONDED TRUCK SERVICE (between Singapore Penang/Kedah) Daily CUSTOMS BONDED TRUCK Service
      149 words
    • 485 25 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* STORE PJCELMK PENANG PERAWANG BELARMN TMCER GLORY ¥49 Salad 12/4 11/4 6 SELATAN Vlll V-31Sale* IS/4 17/4 6 SELATAN V ¥-42 SaM SaM 6 SELATAN VI ¥-37 30/4 2/5 4/5 G. SELATAN
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  • Page 26 Advertisements
    • 605 26 ffinn^-Mrl c^ express conventional service TO AND FROM UK/CONTINENT TO: EUROPE Ifi MAN STORE PKEIANG PENANG FOB UT* J/11 Hay C/ 7 Kb* 13/14 lb* 15/16 Mjy UK. RIM. HBG BHVN UUP FM EUROPE PENANG ma UK SPORE BANGKOK FROM urn SM SM SM In Port «G BHVN AMP. HUI
      605 words
    • 464 26 HEAP SENG TRADING SHIPPING PTE LTD 6001 BEACH ROAD #13-01 GOLDEN MILE TOWER SINGAPORE 0719 TEL NO. *****44 (3 LINES) TLX NO. RS ***** HEAPCO FULL CONTAINER SERVICE TO PORT KELANG/PENANG T WEEKLY nnNVFNTIOWAt /CONTAINER SERVICE TO PHUKET VESSELS ¥0T NO SPORE LAMPUNG *1571* 3 Hat 6 May LAMPUNG ¥*****
      464 words
    • 668 26 C.Y. LINE (A Member Of The ACE Consortium) CHO YANG SHIPPING CO. LTD Fliur CONTAINERISED SERVICE 10 EUtOFE <VM SUEZ) KOREAN CHANCE ?(N SEVEN SEAS BftOGi SSN MERCAIOR It* Sp «t In rt 7/5 14/5 LtHarw Rdvn Fsl»< Hbur( Btem Antwerp 70/5 23/5 24/5 25/5 27/5 26 5 27/5 25/5
      668 words
    • 860 26 Everett Lines/ COMPANIA PERUANA DE VAPOREES (C.P.V.) "PERUVIAN STATE LINE" leading tor Callao Matarani Ho and all other Penman ports with transhipment at Kobe On CPV Through Bi*s ot Lading to tinal destination Penant* P Keiaof Sngapoie JOHNEVERETT 11/12 M»r MURRAYEVERETT 23/25 Man THOMASfVOttTT 6/7 Jut JOHNEVERETT MURRATEVERLTT THOMASEVERfTT EVERETT
      860 words
    • 320 26 ZIM NON CONFEHNCf NXPtNDf NT FULL CONTAMER SERVICE Kcoptwf FCI/ICI carjoes to US* East t West Coast. Carrib6eanlast Canada and HAITI ZIM EILAT CONTAINER LINE SM FTH n id no IW m STOK 1/5 15/5 21/5 N/S */5 17/5 m mtsn 13/5 27/5 2/4 5/4 7/4 S/4 Accepbnt FCI To
      320 words