The Business Times, 12 May 1986
1986-05-12
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The Business Times
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Title Section12 1986-05-12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 MONDAY, MAY 12, 198€ 75 CENTS12 words
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511 1986-05-12 1 CHUANG PECK MING - Commitment by South East Asia Venture Investment tops $15m By CHUANG PECK MING THE FLAME of enterprise has been burning brightly in recent months for Singapore-based venture capital company, South East Asia Venture Investment (Seavi) Ltd. A step-up in activity with the appointment of a511 words
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444 1986-05-12 1 LOH HUI YIN - By LOH HUI YIN SINGAPORE can expect investments worth about $100 million from Japan in fine chemicals, pharmaceuticals and electronics industries, particularly in the manufacturing of semi-conduc-tors. Another promising area for Japanese investments is chemicals used in the electronics industries, said Tan444 words
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Article102 1986-05-12 1 AFP CANADA is redefining its economic priorities and allocating its resources to focus on Asia with plans to make China a "special priority", according to Canadian Prime Minister Brian Mulroney. Mr Mulroney, who arrived in China on Thursday for a fiveday official visit, wasAFP - 102 words
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324 1986-05-12 1 NYT A CONSTRUCTION binge is leaving American cities with a growing number of empty hotel rooms and unleased offices. In a new study of the real estate market, Salomon Brothers Inc says the although the building excess of theNYT - 324 words
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463 1986-05-12 1 UPI MILITARISM is on the rise in the US, dominating foreign affairs and increasingly influencing domestic activities with "Rambomania", a defence research group reported. The Centre for Defence Information, a private non-profit group headed by two retired admirals, released aUPI - 463 words
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Article, Illustration252 1986-05-12 1 Junior colleges could initiate endowment funds, says Goh JUNIOR COLLEGES could set up their own endowment funds to run programmes in addition to those funded by the Ministry of Education. These additional funds and programmes could help to create a better learning environment, Mr Goh Chok Tong, the First Deputy252 words
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186 1986-05-12 1 Reuter TOKYO is considering increasing its programme of subsidised loans to small- and mediumsized exporters hit by the strength of the yen. Ministry of International Trade and Industry (Miti) officials in Tokyo said yesterday that the programme, which had been criticised by Japan's tradingReuter - 186 words
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Page 1 Advertisements
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Advertisement152 1986-05-12 1 9 Need a car or truck loan? FOONG 737-7977 I4EJ VV&\ kxng Mortgage And Finance (S) Ltd A wholly-owned subsidiary of HongkongK.mk hlUvmore Hill Claymore Plaza Singapore l»02 StfGMßUftf me WHEN OPEC declared an end to cheap oil in the 70s, it scared industries and governments enough to begin energy152 words
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Advertisement286 1986-05-12 1 The members of Theotreworks have a lot going for them in enthusiasm and talent, says JAIME LYE in her review of Rashomon. But the play reveals one shortcoming the members do not truly understand their respective roles. Pag«« MARKET REVIEWS MONEY EXCHANGES RAW MATERIALB LETTER CROSSWORDS TV ft RADIO BRISTOW286 words
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Advertisement135 1986-05-12 1 ■il illll n■» Ntt iron nwi •oaiiKMim venture ctpiUl investments, PBQS 17 Trans-Pacific JAL's terrific Regular connecting flights from Singapore via Tokyo with a flight schedule that's second to none. Over 60 flights a week to 7 major U.S. cities and Vancouver. Direct to Expo in Vancouver and the World135 words
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MANAGEMENT
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Article, Illustration1458 1986-05-12 2 LEE IACOCCA - W By LEE IACOCCA A COUPLE OF WEEKS ago we saw one of those rare cracks in the Reagan Administration's fanatic devotion to the "free market" when Vice-President George Bush simply suggested that a little stability in world oil pricing might be1,458 words
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147 1986-05-12 2 THE FIRST BATCH of students who took the course in human resource management in Mandarin, conducted by the Singapore Institute of Management, received their diplomas last Friday. The Diploma in Human Resource Management programme was started in September 1964 in response to the need of147 words
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873 1986-05-12 2 BBSHSaI The Monetary «fid Banking Development of Singapore and Malaysia Second and revised edition Dr Lee Sheng-yi Singapore University Prees. 296 pages, $21 Reviewed by SOH TIANG KENG LOCAL BANKS in Singapore, with their smaller resources, face the risk of being "swallowed up"873 words
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FRONTIERS
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Article, Illustration316 1986-05-12 2 AUTOMATION in the office may have made paper an endangered species, but it has helped to foster the growth of another species wires. Often, kilometres of wiring are needed to connect computers, video display units (VDUs), printers, telex machines, facsimile machines and other paraphernalia of a large316 words
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Article140 1986-05-12 2 NYT A NEW computerised test can identify people at risk for diabetes long before the disease develops. The technique, designed by scientists at the University of Southern California School of Medicine, uses a computer to simulate the body's metabolism. USC researchers say tests of the method indicate theNYT - 140 words
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Article161 1986-05-12 2 NYT DR THOMAS WESTERMAN, an ear, nose and throat specialist in Shrewsbury, New Jersey, has been granted a patent for his non-invasive method of detecting a drug, such as cocaine, heroin or alcohol, ingested by an individual. A machine to give readings is already being manufacturedNYT - 161 words
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Article240 1986-05-12 2 AP HAMBURGERS that are fried or broiled well-done contain chemicals that can cause cancer, mutations and chromosome damage in rodents. Researchers who urge against overcooking meat say that the risk to humans from the popular American sandwich remains unknown, but the compounds "could be a (actorAP - 240 words
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Page 2 Advertisements
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Advertisement248 1986-05-12 2 •It From 9-18 May, come to The Dynasty Singapore and bring home a thousand memories, m Because we're having V a superb Thai Food Festival at Golden Dew Coffee House •m to satisfy even the hard-to-please Thai Food lover. With chefs and ingredients flown directfrom The Dusit Thani, Bangkok, by248 words
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Advertisement37 1986-05-12 2 FACTORY FOR LEASE Rental: 60* per sq.ft. AREA: 10,000-60,000 sq. ft. FACILITIES: Sanitary, Water, Sprinkle system, electricity 100 KVA Suitable for all types of industry, except food LOCATION: Near Jurong bus interchange Interested parties please call *****5937 words
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ADVERTISING & MARKETING
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Article, Illustration985 1986-05-12 3 ANNA TEO - By ANNA TEO ACROSS THE US, businesses were folding up at a rate of about 500 a week and corporate profits plunged 22 per cent. For one business sector, however, the 1981-82 recession was a period to look back on with pride it was then985 words
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Article129 1986-05-12 3 THE American Marketing Association and the School of Management, National University of Singapore, are organising an international marketing conference from June 16 to 18. The theme of "Marketing: emerging international strategic frontiers" will be explored from several angles during the three-day discussions. For example, the topics presented will129 words
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Article416 1986-05-12 3 UPI A MULTI-MILLION-DOL-LAR deal in Asia or the Middle East may be hanging in the balance and Bill Kane does not want his students representatives of some of the world's biggest corporations to blow it. That is the reason behind the Thunderbird Management CentreUPI - 416 words
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Article, Illustration503 1986-05-12 3 MONICA GWEE - By MONICA GWEE THE FIGURES speak louder than anything the House of Dunhill could wish to say. The image change from a company specialising in smoker's products to a profitable fashion label is backed by a credible track record. Fashion now accounts for more than half503 words
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Page 3 Advertisements
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Advertisement176 1986-05-12 3 Just 20,000 miles and you're flying free Join the people who know. mUk \\W\\\ No airline gives you free trips faster than Northwest Orient. Not United. Not Singapore Airlines. Not anybody. The Northwest Orient Free Flight Plan is the best in the business. Just 20,000 miles and any single destination176 words
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OVERSEAS
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600 1986-05-12 4 AP US GOVERNMENT policy on Third World debt has helped big American banks but jeopardised Third World countries and US fanners and workers, according to the joint economic committee of Congress on Friday. The World Bank has estimated developing countries' debtAP - 600 words
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Article, Illustration220 1986-05-12 4 AFP THE EUROPEAN Community has agreed to ban certain East European food imports until May 31 because of possible radioactive contamination from the Chernobyl nuclear disaster. But Italian diplomats in Brussels said on Saturday that Italy did not ratify the formalAFP - 220 words
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320 1986-05-12 4 AFP IF THE OPINION POLLS are right, the most popular man in France today is neither a politician nor a show business star but a man called Bernard Tapie, a 42-year-old entrepreneur with the Midas touch. His lead was followed last year by moreAFP - 320 words
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Article63 1986-05-12 4 UPI NEARLY two-thirds of American mothers with children at home are in the work force, and most of these are married and working to support their families, a congressional study said. "Increasingly, mothers are not only cooking the bacon, they are helping to bring home theUPI - 63 words
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112 1986-05-12 4 Reuter AID FROM Arab-based development funds to Third World countries fell 15.7 per cent last year to US$l.65 billion, the donors' secretariat said. The Arab Fund for Economic and Social Development (AFESD), which acts as coordinating secretariat for Arab national and regional developmentReuter - 112 words
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260 1986-05-12 4 Reuter SPAIN HAS ANNOUNCED the arrest of 10 international guerilla suspects, two of whom were said to have told police they received orders and money from Libya to carry out attacks against US businesses. The interior ministry said yesterday a Portuguese and a SpaniardReuter - 260 words
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195 1986-05-12 4 AP A MEMBER of the Japanese Cabinet has warned that US protectionist moves threaten to undermine Japanese confidence in negotiated settlements of trade problems with the US. Bunsei Sato, the Minister of Posts and Telecommunications, said in an open letter released on Friday thatAP - 195 words
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191 1986-05-12 4 AP STARTING in July, a US$5 fee will be charged to inspect the luggage of each traveller entering the US by plane or ship, the American Customs Service announced yesterday. Exempted from the charge will be passengers arriving from Canada, Mexico andAP - 191 words
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Article190 1986-05-12 4 Reuter THE UN Security Council's five permanent members failed to check the files before nominating Kurt Waldheim for secretary general, but the organisation should not be blamed, according to his successor. Javier Perez de Cue liar, who took over from Mr Waldheim in 1962, saidReuter - 190 words
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Article91 1986-05-12 4 Reuter DEVELOPING countries were being subjected to tobacco marketing campaigns for products long since rejected by more advanced states, according to Irish Health Minister Barry Desmond. Calling for an international code regulating tobacco advertising, he told the annual assembly of the 166-nation World Health Or-Reuter - 91 words
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Article181 1986-05-12 4 AP AFRICAN LAWMAKERS from 37 nations meet today to discuss the continent's population growth which has contributed to food shortages, massive migrations and a drain on foreign revenues. "Whatever the obstacles, solutions must be found for population control to avert a demographic catastrophe," said Didymus Mutasa,AP - 181 words
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417 1986-05-12 4 Reuter CONGRESS HAS TAKEN a big and sudden leap towards the passage of a historic tax reform that would change the finances of every American and of businesses in the US and abroad. The Senate is expected to pass the most extensiveReuter - 417 words
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Article822 1986-05-12 4 ARRIVALS Operator Servic* Local From number time SIA SQI17 0005 KUL UA UA805 0010 JFK/SFO/HKG SIA SQ4I 0620 MAA MAS MH601 0720 KUL MAS MH68I 0820 KUL SIA SQ43 0820 DHA/KHI SIA SQ45 0850 MRU MAS MH8II 0910 PEN MAS MH671 0920 KUL SIA SQI03 0950 KUL822 words
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Page 4 Advertisements
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Advertisement120 1986-05-12 4 "technology Future Bank Paperless Collections: Automating Documentary Credit Functions June 5-6, Singapore The Impact of Change on Customers, Banks on Trade Facilitation: Mr Charles de Busto, Senior Vice President, Manufacturers Hanover Trust Co will present this keynote address on the opening day. Mr del Busto is considered by the industry120 words
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Advertisement55 1986-05-12 4 I I II \I I II II I Ever v Tuesday. Thursday, Saturday and J I VI \l I VI §1 \l Sunday. Leaving Changi Airport at 1 A. 1 1 1 22:05 hours and arriving at Heathrow at 07:05 hours the following morning. Call Air Canoda at *****55 or55 words
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Page 4 Miscellaneous
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Miscellaneous44 1986-05-12 4 Doonesbury ASJHB SATIN SHtmuirmmFmi MOTIFANPEMBROIP6R& CRYSTAL B6APS INCHES, INEXORABLE, POUJN\mW, A NATIONS PRJPB HANGS tWATH&AP! m m /7W> m !C s gl yji ■19 1 M m BY GARRY TRUDEAU r\\ SHOU) YOU CARS BY CJONTFIOUTVNTD... ♦VflfesS^ IiV^SE. TOMORROW: KIPS! HOW YOU CAN HELP! >:44 words
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BANKING AND FINANCE
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463 1986-05-12 5 Reuter THE KOREA Development Bank (KDB) is expected to push for better terms than those recently obtained by the Korea Exchange Bank, when it negotiates to raise its forthcoming US$5OO million loan. Banking sources said South Korea's credit standing has risen as itsReuter - 463 words
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470 1986-05-12 5 Union Bank of Switzerland THE LAST TEN DAYS have been overshadowed by the Tokyo summit. Already in advance of the meeting, there were signs of a new GermanJapanese alliance against further dollar weakness, with the support of the Bundesbank again assigned considerably more importanceUnion Bank of Switzerland - 470 words
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Article492 1986-05-12 5 Green Collier ON BOTH the inter-bank and futures markets, trading was actively concentrated on the Japanese yen last week. Bears who betted on a possible consensus at the Tokyo economic summit for some sort of dollar support measures were disappointingly confounded. The Japanese unit retreatedGreen & Collier - 492 words
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Article467 1986-05-12 5 PLR of bonks ot the close of business on Friday, May 9 > as supplied by the Association of Bonks in Singapore. BANK PLR Algemene Bank 7V, American Express Bonk 8'4 Am'Dam R'terdom Bonk 7*4 Arab Banking Corp 8 Arab Bank Ltd 8 Askj Commercial 7 ANZ467 words
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Article79 1986-05-12 5 The range of call rates for the week ended Friday, May 9 Bank fund 4.5—5.55 General fund 4 9—5 125 $m Movements of funds 1899 Source: Short Deposits (M) Bhd Discount Prices At Saturday's close Prices offered by discount houses on May 10 3-month Treasury Bills 2 1/2—279 words
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Article, Illustration242 1986-05-12 5 Asian market Mfcates the average if Ikt prim* tandng rates of 12 major banks operating in Singapore ASIAN currency average deposit rates for the week ended May 9 BID PRICES High Low uss 7 days 7 6 7/8 1 month 6 7/8 6 13/16 2 months 6 7/8 6 3/4242 words
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Article135 1986-05-12 5 AFP HONGKONG banks are reducing their interest rates by half a percentage point for borrowers and by a quarter of a percentage point for depositors from today. The colony's two noteissuing banks, the Hongkong and Shanghai Banking Corp and the Standard Chartered Bank, saidAFP - 135 words
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Article148 1986-05-12 5 OCBC IT WAS altogether an extremely skittish week. With nothing definitive coming out from the Tokyo summit, the Singapore market was jittery and traders refused to take an aggressive view on the US dollar. Against the Singapore dollar, it ended at 2.2040-50 compared to its opening ofOCBC - 148 words
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504 1986-05-12 5 Reuter THE FOREIGN exchange market is likely to remain at a stalemate this week, with one camp still actively pushing the dollar lower and another starting to believe the dollar is very near bottoming out. Dealers said that although the dollar continued to be soldReuter - 504 words
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258 1986-05-12 5 FT THE REAGAN administration has unveiled a complex six-year plan aimed at boosting the resources of the Federal Savings and Loan Insurance Corporation (FSLIC) by US$25 billion over six years, so that it will be able to cope with the multiple failuresFT - 258 words
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Article103 1986-05-12 5 AP THE US government's Ex-port-Import Bank has announced its first loan to China since 1981, a measure aimed at helping finance the sale of US$B7 million worth of coal-fired power units by General Electric Company. Eximbank is lending the Bank of China $65.4 million at anAP - 103 words
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227 1986-05-12 5 Reuter FRIDAY'S steep selloff has prompted even bullish analysts to inject a note of caution in their forecasts for US debt rate futures, with upcoming economic data expected to clarify the market's near-term direction. "The market needs a good dose of reinforcement" in theReuter - 227 words
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Page 5 Advertisements
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Advertisement6 1986-05-12 5 Tha discount report was not available6 words
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Advertisement310 1986-05-12 5 ITALY /<f Italian Institute for Forwgn Trade EM Italian Food Machinery fr Catering Equipment at Food Hotel Asia '86 MAY 13-16, 1986 WORLD TRADE CENTRE HALL 4 TIME 11am 7pm If you are thinking of equipping or upgrading your food and catering business with better and more efficient machines, the310 words
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SPORTS
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520 1986-05-12 6 BRIAN MILLER - By BRIAN MILLER AS EXPECTED, the favourites came home and punters smart enough to hop on the bandwagon must have had a field day at the concluding weekend of the Penang May meeting. In all, seven top-line runners obliged in the 16520 words
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355 1986-05-12 6 Reuter WORLD CHAMPION Alain Prost ended Ayrton Senna's practice supremacy at the last four races by snatching pole position in Saturday's final qualifying session for yesterday's Monaco Grand Prix. Brazilian Senna, dominant in his Lotus all season, had looked set for a repeatReuter - 355 words
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319 1986-05-12 6 AP PLAYING with abandon, France's Yannick Noah upset top-seeded Ivan Lendl 6-3, 7-5 on Saturday and advanced to a ti-tle-match showdown against veteran Guillermo Vilas in the U*****,000 Shearson Lehman Brothers Tournament of Champions. The 33-year-old Vilas, displaying the form of his youth,AP - 319 words
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517 1986-05-12 6 WALTON MORAIS - By WALTON MORAIS GOLF QUEEN Kee Bee Khim added the Keppel Ladies Open championship to her list of triumphs this season with a onestroke victory on Friday. Playing off a three-handicap, Bee Khim carded a six-over-par 78 to win from Anna Tie with Mikiko517 words
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Article, Illustration321 1986-05-12 6 Reuter ANDY BEAN birdied the final hole to complete a three-under-par 67 on Saturday that gave the American a two-stroke lead going into the final round of the US$6OO,OOO Byron Nelson Golf Classic. Bean, who led by one stroke after two rounds, finishedReuter - 321 words
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Article, Illustration449 1986-05-12 6 UPI PELE, 46, one of soccer's greatest ever players, has offered to come out of retirement to play for troubled Brazil in next month's World Cup in Mexico. No official response was immediately available but local media claimed a new teamUPI - 449 words
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251 1986-05-12 6 AFP SWEDISH golfers Ove SeUberg and Anders Forsbrand continued to upset the form book in the European matchplay championship in Chepstow, Wales, on Saturday. Both reached the semi-finals, where they have unfortunately been pitted against each other, after Forsbrand followed Sellberg's shockAFP - 251 words
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183 1986-05-12 6 AP 808 CHARLES tied the course record with a 7-under-par 65 on Saturday to seize a two-stroke lead at 12-under 132 after the second round of the Benson and Hedges PGA Seniors Golf Tournament. The New Zealander birdied seven holes to tie the courseAP - 183 words
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Page 6 Advertisements
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Advertisement398 1986-05-12 6 TAKE-OVER OFFER OF SHARES IN HOTEL MARCO POLO LIMITED BY THE HONGKONG KOWLOON WHARF AND GODOWN COMPANY LIMITED TO: READERS AND RECIPIENTS OF MY CIRCULAR LETTER DATED 6 MAY 1986 TO SHAREHOLDERS OF HOTEL MARCO POLO LIMITED I HAVE NOT REFERRED TO THE OFFER AS "CHEAP" NOR AM I INVOLVED398 words
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FEATURES
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Article, Illustration1530 1986-05-12 7 EDWIN MCDOWELL - By EDWIN MCDOWELL NYT FOUR YEARS AGO, the New York Times hardcover best-sell-er list did not include a single biography, autobiography or memoir. Now lacocca is enjoying its 80th week on that list. Yeager, by former test-pilot Chuck Yeager, is in its 44th week ofNYT - 1,530 words
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Article325 1986-05-12 7 Dear Sir, I refer-to your excellent coverage of Harimau Investments' AGM published in BT on May 3. As a layman, I find it hard to swallow the opinion of Harimau's lawyers that the company did not breach Section 357(1) of the Companies Act, in spite of325 words
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Page 7 Advertisements
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Advertisement299 1986-05-12 7 If your computer printer is a IBM, a Centronics, a C.ltoh, a Diablo or a Seikosha... Let's Make A Deal On The Quiet. xir X,' Now on special offer, Viking Acoustical Hoods for computer printers. Viking, the world's leading brand of acoustical hoods, is offering a deal to silence your299 words
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Page 7 Miscellaneous
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Miscellaneous683 1986-05-12 7 CRYPTIC PUZZLE ACROSS 1 Can you get it white like lightning? (5) 6 Belief in Brown? (5) 9 Nautical hero, or just a beast (3-4) 10 Decorate a woman (5) 11 Once a much hunted-for piece of pottery (5) 12 Worms up things to wear out East (5) 13 Athletic683 words
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THE ARTS
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Article, Illustration754 1986-05-12 8 JAIME LYE - JAIME LYE reviews Rashomon, a play staged by Theatreworks, and says the cast failed to show a true understanding of the roles. JAIME LYE IN TOKYO'S Harajuku district, Japanese teenagers hang around in leather and frills, all trying to look like James Dean and Sandra Dee, and754 words
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Article, Illustration821 1986-05-12 8 MONICA GWEE - By MONICA GWEE REDS IN Singapore? Writer Dennis Bloodworth thinks the red threat in the 1960s here is unlikely to break into a rash. "I don't think it amounts to anything, really," he said. Bloodworth, 67, was riding astride his latest book, The Tiger821 words
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Article, Illustration900 1986-05-12 8 XU YING CHERN - By XU YING CHERN FOR THE Singapore Youth Choir, the months of May and June will be crowded with rehearsals and more reheasals, then followed by concerts not only at home but abroad. Singapore's young singers, 30-strong in the choir, are preparing to stage900 words
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483 1986-05-12 8 MARIE DAVID - By MARIE DAVID THE SPECTRE of terrorism on television raised its ugly head again. This time in America. The State Department accused NBC television network of encouraging terrorism by broadcasting an interview with Abu Abbas, suspected of masterminding the hijacking of the Achille Lauro.483 words
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Page 8 Miscellaneous
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Miscellaneous1580 1986-05-12 8 ir\ A Woman of Subetence 9JO pm, Chennel 5 Deborah Kerr (right) plays Emma Harte in her later years when she owns a vast business empire. In tonight's concluding episode, she masterfully deals with her avaricious children's plot to overthrow her. This dramatic finale dearly demonstrates that Emma is still1,580 words
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Page 9 Advertisements
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Advertisement8 1986-05-12 9 A f 7 international banks believe in Srgapore?8 words
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Page 10 Advertisements
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Advertisement107 1986-05-12 10 zm vJ. V- f;K* BHnMn 1 jar JTJ? *~Jff S.O ir .osr /T*r /rar #y iy #v /V /y *jf a *4 a r.j /_f.r lj cr fcy rjo cr tCJI £3 f OZJ 22? jtrr *n J3& £Z5 I J JS* Of J3T e^M If kJ U id a107 words
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Page 11 Advertisements
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Advertisement162 1986-05-12 11 m W: i m m. m m m 5£ t :v I i mm ■.?<■ .m K >11— T 18 i: d cat tA tZ» 11 «lm rrs, os. IS o o 131 ZZSk 'wT cat a Q C D VR Vi VI WViii ML* \Zk Vi o Cf. ZM162 words
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INTERNATIONAL STOCKS
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Article94 1986-05-12 12 Reuter STATE-OWNED China International Trust and Investment Corp has agreed to set up a joint venture with Power Corporation of Canada (PCC) and its affiliate Consolidated-Bath-urst Inc to operate paper, pulp and packaging projects. PCC chairman Paul Desmarais says the ven- ture, in which the Canadian andReuter - 94 words
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206 1986-05-12 12 Reuter BRITISH AEROSPACE PLC denied rumours in the London Stock Exchange that Saudi Arabia was seeking to renegotiate a £5 billion contract signed with the British government in February for the supply of British Aerospace-built military aircraft and arms. "I have heard ofReuter - 206 words
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137 1986-05-12 12 FT EASTERN AIRLINES, the major US air carrier,is refusing to pay a US$9.5 million fine set by the US Federal Aviation Administration (FAA) over alleged aircraft maintenance violations which Eastern says "have no technical validity". Eastern's unprecedented decision to break of negotiations withFT - 137 words
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313 1986-05-12 12 Reuter, UPI WALL STREET stocks closed slightly higher last Friday in a late-buying flurry aided by a surge in high-technology stocks and lower interest rates. The closely watched Dow Jones Industrial Average advanced 3.22 points to 1789.43. For the week, it gained 14.75. NewReuter,; UPI - 313 words
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Article130 1986-05-12 12 MAY 09 Abrtto c$ 25 Imp CM bco krrt Pro* Pipe 42% 18% 43* unch AJcon 40 unch 16% 17* Bonk Moot Bonk Novo Scotia Bel Canodo Bp Resources 33* 14* 39* 28 H 1% Money Fetg Mc BkxJel Mohon A 3* 35% 26% 34% Brascan Q A Can130 words
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Article183 1986-05-12 12 MAY 09 Trust Bk 143 2 Un Staal 70 unch INOUSTtlALS WooWtu ***** A Alpha MJMNGS Abarcom 205 5 ***** 4200 35 500 +10 ***** AMJ? fOP 4000 Bhrvcxx 1700 25 1700 4 90 Butt eh 7050 150 2800 1200 CNA 205 ur>cf> Com Gold 2300B Cum* Fnonce 480183 words
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Article665 1986-05-12 12 MAY 09 US$ Aican AUiwi Alcoa AJeg Ind Akd Stg AJhod SrofM Aln-Chatman Am Brandt he Am Con Co Am CyonamK) Am Elac Pot Am Express Am Homo Prod Am Mot on Cp Am T«l T«4.. Amax kne Amorodo Ktn* Amoco Corp Amr Corp Armco Inc Avar co665 words
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Article692 1986-05-12 12 Amsterdam MAY Of Fh ABN 554 00 -5 ***** -09 Ahold 156 80 -3 4 Akanto 153 10 -0 4 AMEV 75 50 -2.3 97 00 -1.6 Am Stod 121 00 -13 30 50 mh Borvjrrn Buahrmon T«n 668 00 -9 •roda... 156 00 -0 2 590 00692 words
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Article92 1986-05-12 12 AFP HONGKONG construction group Shui On and European hotel and catering group Accor have signed an agreement to form a company to develop three-star hotels in China and Hongkong. Shui On announced the venture in Hongkong last Friday, saying the new company, Travel InnsAFP - 92 words
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Page 12 Advertisements
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Advertisement157 1986-05-12 12 4 'item id wiae, dla« and estferfala MAY Mama Mia! It's time for macaroni, spaghetti, lasagna, tortellini and many other pasta delights. With a choice of wines by the glass to perfectly complement your selection. A Cafe Vienna Supplement ■M' -r. GO WO! King Prawn raviole \J Seahass stewed with157 words
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Advertisement167 1986-05-12 12 International Buffet Fashion Fare At: $10.50* ONLY I V P 0 /V*r I FERN TREE CAFE The Fare: Besides a sumptuous international buffet, come and savour our air-flown oysters from New Zealand at $1.25 per piece. Daily from 11.30 am to 2.30pm. The Fashion: A delicious romp into the spectacular167 words
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Advertisement144 1986-05-12 12 s®: •*> fx '-v;* 3* 'W* V Enjoy Aumewtic Fin Soup elegantly served m a mini tureen and savour ovir 40 varieties of OUn Xlnsf *s. there rs no limit to the amount of Dian Xms you eat) AvailaWe at HUANG BM-ACE from April 18 to May 22 Time Ham144 words
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Advertisement45 1986-05-12 12 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 +f A* FURAMA SINGAPORE HOTEL 10 Eu Tong Sen Street. Singapore 0105 Tel 533 388845 words
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Advertisement146 1986-05-12 12 &:)*&?/\\<|_[||)\`/"\~>/)[}"''/ I AND THE PERFECT COMBINATION GOOD MUSIC AND GOOD WINE GOOD FRIENDS AND LAUGHTER YOC AND YOURS AT THE LOUNGE. ROSEMARIE. DAISY. MANUEUCA AND EMMANUEL. WITH CHART TOPPERS. OLDIES AND ROCK N ROLL. PUT EVERYTHING INTO PERFECT COMBINATION PC* A PERFECT NIGHT OUT d Lounge ZCT mMRIMATION V cr^Hvn146 words
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INTERNATIONAL COMPANY NEWS
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Article657 1986-05-12 13 Hopes of better offer to top Burroughs's bid Reuter STOCK OF Sperry Corp moved higher as investors stayed with their bets that a new offer would emerge to top a bid from Burroughs Corp. Burroughs, which has said it wants to acquire Sperry for US$7O perReuter - 657 words
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Article, Illustration122 1986-05-12 13 Reuter NEW YORK arbitrageur Ivan Boesky and companies he controls have acquired the equivalent of 5.6 million Sperry Corp common shares or 9.8 per cent of the total outstanding. In a filing with the Securities and Exchange Commission, Mr Boesky said he acquired the stake forReuter - 122 words
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452 1986-05-12 13 NYT IN THE SIX YEARS since W Michael Blumenthal took command of the Burroughs Corp, he has rejuvenated the company's computer offerings, slashed its overhead, focused its attention on lucrative new markets and still failed to garner either significant profits or a larger share ofNYT - 452 words
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270 1986-05-12 13 NYT AFTER TWO YEARS on the back burner, biotechnology stocks have once again caught the fancy of investors. Prices of some issues have doubled in the past six months, and many have held onto most of their recent gains while the blue chips faltered. JamesNYT - 270 words
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538 1986-05-12 13 UPI JAPANESE and US securities firms are urging American companies to list on the Tokyo Stock Exchange to stimulate further Japanese investment in US equities. Japanese investor interest in US equities had been growing as yields on treasury bonds had fallen, saidUPI - 538 words
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Page 13 Advertisements
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Advertisement140 1986-05-12 13 C Mm iu wim, «iim awl enjsrfala ir For delightful dinners with popular local flavours. Enjoy dinner with popular local flavours Our "Singapore Delights" Buffet is packed with mouthwatering favourites that will definitely get your appetite going Buffet Dinner is at Ssl4 00+ per person. The Luna Coffee House. We've140 words
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Advertisement133 1986-05-12 13 r'f r <i f e fssr JUfc -*v f m I t> l/» J 1 f* i la btW'Vta&zf/x-.i ST" S* /a u t-^-r--y \m (SfrtU Selected US Prime Beef Cuts. Continental and Game Specialities in a hunter's lodge setting. BUSINESSMAN'S LUNCH Monday to Friday $26.50 10% service charge 3%133 words
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Advertisement152 1986-05-12 13 o Discotheque Labour Month Celebrations May 23 Dance Extravaganza Showtime: 11pm May 30Fancy Dress Contest Level 4 Ist Drink Charges: Srn Ssl2** ladies night 9pm 2am, b®l2 rm/ro r-u Fri, Sat Eve of Public Holidays: 9pm 3am; $18** NO COVER CHARGE Tuesdays Wednesdays Excefiior Hotel 5 Coleman Street. Singapore 0617.152 words
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Advertisement161 1986-05-12 13 MAGICALLY HYATT I+l=l 1 1 1!?! When guests order any beverage, standard or premium, at selected outlets*, they will get a second drink, all for the price of one! It's a magic formula applicable dailv at Scott's The Lounge Chinoiserie (Members and hotel guests only) 5.00 PM- 7.30 PM 6.30161 words
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Advertisement206 1986-05-12 13 •128++ (For 8 persons) PEKING DUCK Set Menu Salted prawns Fried mushrooms In egg white Sliced Peking duek Minced meat chicken wrapped with green vegetables e Shredded duck with fish maw soup Crab's shell In garlic sauce with crab's meat Steamed fish Pineapple rice OQO Dessert It 10* service charge206 words
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RAW MATERIALS
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436 1986-05-12 14 Reuter SHARP DIFFERENCES remained between rubber producers and consumers meeting under United Nations auspices on a new five-year international natural rubber accord from 1987, delegates said. Speaking for the European Community (EC), which accounts for 23 per cent of net world imports,Reuter - 436 words
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179 1986-05-12 14 Reuter BIG COCONUT producing countries said they feared the industry would collapse if prices continued to fall next year. "We are facing difficult times now. If the slump continues next year, I don't know what we could do," Mr T Jobe ofReuter - 179 words
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360 1986-05-12 14 UPI A SHARP REDUCTION in acreage is likely to cut back the size of this year's US winter wheat harvest to 1.6 billion bushels the smallest crop in seven years. The agriculture department, in its first estimate of the winter wheat crop,UPI - 360 words
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198 1986-05-12 14 Reuter THE DANISH Parliament has voted to ban coal imports from South Africa to protest against the country's apartheid policies of racial separation. Parliament (the Folketing) passed by 120 votes to four, with no abstentions, a resolution to stop imports within six months ofReuter - 198 words
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172 1986-05-12 14 AFP TRANS-WORLD, parent company of London Metal Exchange (LME) ring-dealing member Lazmet, has sold 500 tonnes of tin which it recently received from the International Tin Council (ITC) in settlement of a claim against the debt-ridden 22-nation body, metal-dealing sources said. The sale,AFP - 172 words
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397 1986-05-12 14 AFP GOLD PRICES will probably remain at their current low level over the short term, fluctuating only with supply and demand, the gold-trading Samuel Montagu Bank has predicted. In its annual report, the bank said the deflationary effects of the fall in oilAFP - 397 words
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669 1986-05-12 14 THE LONG British bank holiday weekend followed by the one-day break in some European countries on Thursday kept activity at a minimum on most commodity markets over the past week. Agreement between leaders of seven industrialised nations at their Tokyo summit669 words
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213 1986-05-12 14 Reuter COPPER PRICES should improve during the rest of 1966 based on a substantial drawdown in world stocks, the maintenance of current levels of economic activity in the US and lower oil prices and interest rates, according to Phelps Dodge Corp (PD).Reuter - 213 words
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Article981 1986-05-12 14 Reuter COFFEE ROBUSTA coffee futures on Friday ended a highly volatile day mostly near the highs of a maximum £80 traded range, with gains from Thursday night of £21 to £11 a tonne. The market dipped sharply again in the afternoon as New York opened lower, but aReuter - 981 words
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Article151 1986-05-12 14 Chinese Produce Exchange Sellers' noon closing prices on May 10 (S$/100 kg). Coconut oil Bute FOB 45 00 Old drum FOB 62.00 New drum FOB 58 00 Copra Mixed (loose) 25 buyers Pepper Muntok White FOB NLW 1170 00 Sarawak White FOB faq NLW 1155 00 Sarawak special151 words
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Article242 1986-05-12 14 Reuter SOYBEAN FUTURES on Friday closed 5-1/2 US cents a bushel higher in May to 1/2 cent lower after a session of mostly subdued trade on the Chicago Board of Trade. Shortcovering supported the spot month, after Thursday's rally which mostly focused on new crop. After an erratic opening,Reuter - 242 words
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Article62 1986-05-12 14 RUBBER Closing prices Dote Singapore Motoysia S cents/kg M centt/kg Moy 5 163.25 196.00 May 6 163.50 196 00 May 7 164.00 196 00 Moy 8 168.00 198 00 Moy 9 168.50 199 00 KL TIN Dote Closing prices M$/kg Turnover (tonnes) May 5 14.49 17 May 6 14.40 4162 words
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Article244 1986-05-12 14 Reuter WHEAT FUTURES on Friday ended mostly weak after a choppy, rather quiet trading session on the Chicago Board of Trade. Prices closed two US cents higher to 2-1/2 lower, with May up two at US$3.5l. Light profit-taking late pressed prices slightly, but values held well considering Thursday's limit-upReuter - 244 words
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Page 14 Advertisements
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Advertisement266 1986-05-12 14 NOTICES THE COMPANIES ACT, rip iftc PRESTON REALTY (PTE) LTD (la LiqnkUtiM) At a general meeting of PRESTON REALTY (PTE) LTD duly convened and held on the sth day of May, 1986 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to section266 words
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Advertisement283 1986-05-12 14 DIAMONDS SEVEN PTE LTD (la Vat. UqaitotfM) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Cap. 185) that the Final General Meeting of the Members of the abovenamed Company will be held at the Office of M/s Wee Seng Tiong Co., 1 Colombo Court283 words
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MARKET REVIEWS
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Article, Illustration5483 1986-05-12 15 NAJEEB JARHOM - Singapore By NAJEEB JARHOM IF NOT FOR the positive impact of the CPF Approved Investment Scheme, the Singapore stock market would have had nothing going for it last week. As CPF members with funds to invest in shares slowly learned that the scheme had its attractions,5,483 words
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375 1986-05-12 15 Australia Reuter AUSTRALIAN share markets last week ended on a firmer note, buoyed by strong demand for industrial stocks which took the market to three days of record trading. The All Ordinaries Index ended 7.5 points firmer at 1,232.1 after reaching an all-time highReuter - 375 words
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Article659 1986-05-12 15 JULIANA TAY - compiled by JULIANA TAY Week ended May 9 SCRIP ISSUES Yoohon: Bonus issue of 0.25-for-one. CORPORATE DEVELOPMENTS The counter-offer made by the five local stockbrokers to Malaysian businessman Datuk Mak Kok on a deal involving shares in two Tan Koon Swan related companies has expired659 words
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819 1986-05-12 16 New York FT AFTER THREE DAYS of grappling with Colonel Gaddafi, the Soviet nuclear disaster and world economic problems, President Reagan returned home last week from his East Asian Odyssey and pronounced the Tokyo economic summit as the most successful of theFT - 819 words
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280 1986-05-12 16 Credit Suisse THE CREDIT SUISSE Index last Friday ended at an all-time record of 548.4 (previous week 542.2) after the Zurich market marked time during the first three trading days of the week. Friday's recovery beat the previous all-time high set on AprilCredit Suisse - 280 words
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414 1986-05-12 16 Tokyo AFP DESPITE the steep appreciation of the yen against the US dollar, share prices in Tokyo soared over a holi-day-shortened week with the key barometer renewing record highs five sessions in a row. The Nikkei stock average of 225 issues closedAFP - 414 words
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Article1288 1986-05-12 16 Current Ex Books Date Total tor Total for payment date close poyoble the yeor lost yeor A B N 14% NYA NYA May 14 27% 26% A Enterprises 12%<n) Jun 16 Jun 26 Jul 11 22% 18.9%(a) Acmo 5%(b> NYA NYA NYA 5% 5% Amcol 10% Apr 281,288 words
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725 1986-05-12 16 London UPI, Reuter MEN ON THE FLOOR of the London stock market looked as if they didn't know which way to turn last week. The FTSE 100 Index lost 50.9 points over the week to close at 1,601.6, having fallen belowUPI,; Reuter - 725 words
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Article683 1986-05-12 16 TONY MEASOR - Hongkong By TONY MEASOR THE MOMENTOUS event of the week in Hongkong was the commencement of dealings on the Hongkong Futures Exchange in the Hang Seng Index. This contract allows the punter to gamble on which way the Hang Seng Index is going to move683 words
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Article607 1986-05-12 16 K.Lumpur MBT SEVERAL developments on the political front brought investors back to the Kuala Lumpur stock market last week and share prices managed to recover some ground after several weeks of losses. The Sabah state elections and the minor Cabinet reshuffle, which saw the appointment ofMBT - 607 words
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Article406 1986-05-12 16 Milan BCI THE MILAN share market firmed up last week, setting a new record and sweeping away the setback suffered during the previous week. The BCI all-share index broke through the 800 barrier for the first time since its inception and ended the week atBCI - 406 words
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Page 15 Advertisements
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Advertisement18 1986-05-12 15 Air freight is faster Our coverage is 11 J better >ll|\ In BT every Friday, m m RBGHT18 words
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COMPANY NEWS
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347 1986-05-12 17 HOMER CHEN - By HOMER CHEN HOTEL NEGARA LTD's most valuable asset is not its hotel but its quoted shares and these have taken a bit of a beating. In the 1965 annual report, Negara'B flared assets (freehold land, building, machinery, equipment, furniture, fixtures347 words
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157 1986-05-12 17 Bernama MALAYSIAN FINANCE Minister Daim Zainuddin welcomes the suggestion of the setting up of a securities market task force. The managing director of Arab Malaysian Merchant Bank, Datuk Malek Marican, told a seminar in Kuala Lumpur on Tuesday that the proposed taskBernama - 157 words
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Article, Illustration729 1986-05-12 17 CHAN OI CHEE - Strategy to develop an alternative income base By CHAN OI CHEE FACED WITH a slowdown in local construction activity and the world-wide oversupply in steel production, National Iron and Steel Mills is stepping up efforts to seek new opportunities in venture capital investments.729 words
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Article, Illustration282 1986-05-12 17 LORETTA McLAUGHLAN - By LORETTA McLAUGHLAN CIVIL ENGINEERS and property developers Lee Kim Tah is shelving the proposed development of its investment properties at Alexandra Road/ Alexandra Avenue until there is a general improvement in the property market. Chairman Lee Kim Tah says in his annual report282 words
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229 1986-05-12 17 Bernama MALAYSIAN Airline System (MAS) will consider a mixture of Jet and turboprop aircraft to replace its ageing F27 fleet. Managing director, Datuk Haji Abdul Aziz Abdul Rahman, said yesterday that the final decision on the replacement of the F27s, to- be phasedBernama - 229 words
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343 1986-05-12 17 GUTHRIE ROPEL Bhd will diversify downstream in palm oil and has taken active steps to cultivate cocoa. This was disclosed by chairman Tan Sri Datuk Dr Mohamed Rashdan Haji Baba after the company's 12th annual general meeting last week. He also hinted that343 words
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299 1986-05-12 17 MBT MALAYSIAN Mosaics Bhd (MMB) has acquired a 30-hect-are piece of land together with an integrated wood complex in Sabah for $46 million cash from Quoin Hill Sdn Bhd. The land has leases ranging from 60 to 99 years. The wood complex occupies 19.8 haMBT - 299 words
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317 1986-05-12 17 MICHAEL NEILL - By MICHAEL NEILL STANDARD CHARTERED's commitment to Singapore is as solid as ever. Indeed, in an attempt to fight off Lloyds Bank's £1.17 billion merger bid, Standard Chartered is likely to incorporate its Singapore division and sell shares to local residents, the bank told317 words
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Article857 1986-05-12 17 SHARES ended lower last Friday after a quiet session as light early buying for the new account gave way to selling after operators lost interest ahead of the weekend. At 1430 GMT the FTSE 100 was off 8.7 to 1,593.9, again crossing 1,600. The day's declines were ascribed857 words
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Article62 1986-05-12 17 MBT MALAYSIAN Deputy Prime Minister-designate Ghafar Baba is expected to divest his varied business interests following his new political appointment. Mr Ghafar, who is an Umno vice-president and Barisan Nasional secretary-general, is on the board of a host of companies. Among the prominent ones are Pegi Malaysia Bhd andMBT - 62 words
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Article58 1986-05-12 17 CYCLE CARRIAGE Bintang Bhd's proposed three-for-flve bonus issue has been turned down by the Capital Issues Committee. Shareholders had voted in favour of the bonus issue at an earlier EGM. The company had proposed making the issue by capitalising $21.8 million from the capital reserve account58 words
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Page 17 Advertisements
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Advertisement61 1986-05-12 17 COMISION ((1 i FEDERAL ELECTRICIDAD (CFE) US$lOO,OOO,OOO FLOATING RATE NOTES DUE 1988 In accordance with the provision of the Notes, notice is hereby given that for the six-month interest period from 13th May 1986, to 13th November 1986, the Notes will carry an interest rate of 7 1 per annum61 words
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193 1986-05-12 18 LOCAL INDUSTRIES facing problems getting government help will be given a chance to air their grievances at a workshop planned by the Singapore Manufacturers' Association. At this half-day workshop on May 20 at SMA's office in the World Trade Centre,193 words
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443 1986-05-12 18 JEFFREY TSANG - By JEFFREY TSANG EXPRESSWAY openings seem to spell good news for contrac- tors and the opening of the first phase of the Ayer Rajah Expressway last Saturday was no different. During the ceremony, Senior Parliamentary Secretary (National Development), Lee Yiok Seng, announced443 words
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Article232 1986-05-12 18 THE GOVERNMENT would make more efforts to encourage older workers to sign up for classes in basic mathematics and English, said Second Deputy Prime Minister Ong Teng Cheong yesterday. Many workers who had passed the age of 35 had the wrong impression that the Basic232 words
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Article63 1986-05-12 18 Reuter ABOUT 10,000 supporters of deposed Philippine President Ferdinand Marcos held a protest rally yesterday to mourn what they said was the death of democracy since Corazon Aquino took power in February. The Marcos supporters, who demonstrated in a public square in Manila, described AquinoReuter - 63 words
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Article127 1986-05-12 18 AFP SAN MIGUEL Corp (SMC), the Philippines's largest manufacturing concern, yesterday headed for a showdown with the government as it defied orders to postpone its annual stockholders meeting. Prominent newspaper advertisements said the SMC meeting would go ahead tomorrow, in spite of orders for a postponementAFP - 127 words
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322 1986-05-12 18 CIVIL DEFENCE training requirements will be adequately met for the next five years with the opening of Singapore Civil Defence Force's (SCDF) third zone unit training Centre in Hougang Camp yesterday. Speaking at its opening, Dr Lee Boon Yang, the Minister of State (Trade322 words
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Article, Illustration368 1986-05-12 18 CHUANG PECK MING - Staff reduction and selective buying pay off By CHUANG PECK MING AFTER TWO YEARS of operating at a loss, NTUC Fairprice has bucked the recession and moved into the black. The cooperative's general manager, Lim Ho Seng, said financial results for the year ended368 words
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267 1986-05-12 18 AFP HIGH-SALARIED Indonesian young professionals tend to be not much interested in politics, and to work primarily for money and status, according to a Kompas newspaper survey released yesterday. The higher-paid professionals have also developed a taste for Western and JapaneseAFP - 267 words
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Article32 1986-05-12 18 Reuter TAIWAN'S foreign currency reserves hit a new high of U5527.5 billion in early May, up from late April's $27 billion, the Council for Economic Planning and Development says. ReuterReuter - 32 words
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LATE FILE
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Article46 1986-05-12 18 AFP THE chief administrator of Punjab yesterday offered to apologise for sending commandos into the Golden Temple last month. News reports said the offer from Surjit Singh Barnala had already been presented to dissident leaders of his Sikh Akali Dal Party. AFPAFP - 46 words
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Article31 1986-05-12 18 Reuter SYRIA yesterday ordered three British diplomats to leave the country in retaliation for Britain's expulsion of three Syrian attaches for alleged involvement in guerilla activity. ReuterReuter - 31 words
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Article56 1986-05-12 18 AP MORE than half the people of Britain oppose nuclear power compared with a minority 10 years ago. Fif-ty-one per cent of those questioned by a national opinion poll opposed nuclear power while one in four made up their minds after the Soviet nuclear accident atAP - 56 words
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Article37 1986-05-12 18 UPI THE Philippine military chief yesterday announced the creation of a panel to investigate cases of graft, corruption and ill-gotten wealth among high-ranking active and retired officers in the armed forces. UPIUPI - 37 words
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Article26 1986-05-12 18 Reuter THE government-backed Jatiya Party had a clear lead yesterday as authorities continued announcing results of last Wednesday's Bangladesh parliamentary elections. ReuterReuter - 26 words
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Article31 1986-05-12 18 Reuter QATAR has banned all civilian airline flights over its territory and islands whose ownership it disputes with Bahrain, said aviation sources in the Gulf yesterday. ReuterReuter - 31 words
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Article28 1986-05-12 18 Reuter EIGHT PEOPLE were electrocuted in the put two days as Bangkok was hit by its worst ever Qoods, said police yesterday. ReuterReuter - 28 words
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Page 18 Advertisements
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Advertisement217 1986-05-12 18 Get your free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available. 1. Two separate plans to recreate Bugis Street 2. Price war in cement trade reaches a stalemate 3. Tat Lee Finance sues AAS 4. UOB appoints limited receivers217 words
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Advertisement189 1986-05-12 18 The Seminar Package with your interest at heart 1 »»< t» r a* There aie a thousand and ine details to organising a successful seminar. Leave the thtwsand details to us. The one thing you're to do is to call us on 7?77%6 Ext 1662/1698. For a minimum attendance of189 words
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Page 18 Miscellaneous
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Miscellaneous51 1986-05-12 18 WMim Outlook foe todoy: Showors over sovoroi areas in the morning. Ret >ort for 24 hours prior to 7.30pm on May 11 ot the airport: Maximum temperature 32.5 Associatad humidity 61 Associated humidity 86 Hours of sunshina 9.35 Romfoll in millimetres nil Roinfoll this month 92.5 Romy days this month51 words
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SHIPPING TIMES
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137 1986-05-12 19 THE PHILIPPINES may have to obtain Japanese assistance in carrying out plans to replace ageing domestic ships. Because of financial uncertainty hovering over the industry, newbuildings are not a likely option in view of the heavy capital outlay needed. In its137 words
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469 1986-05-12 19 G DURAIRAJ - By G DURAIRAJ MALAYSIA is exploring the possibility of setting up a shippers' association to assume the functions of the Malaysian National Shippers Council. A letter from the MNSC secretariat has been circulated among a number of shippers and commodity organisations seeking469 words
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358 1986-05-12 19 THE HONGKONG-based financial company. Capital Profit Investment (CPI), has filed a lawsuit.against the state-owned Thai Maritime Navigation Co (TMNC), demanding 12 million baht in damages for breach of contract. An informed source in the maritime industry told the Bangkok Poet newspaper that the358 words
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PORTSIDES
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Article83 1986-05-12 19 Reuter CHINA plans to increase the cargo handling capacity of its major ports over the next five years to 560 million tonnes a year from 350 million in 1985. The China Daily newspaper has reported that the country will build 120 deep-water and 80 medium- andReuter - 83 words
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Article62 1986-05-12 19 Reuter TAIWAN'S state-owned China Shipbuilding Corp said that the government has agreed to cut annual loan interest rates (or local and foreign lines ordering ships. Company chairman William Wei said loan interest rates would be reduced to 7.5 per cent from 8.5 per cent for TaiwaneseReuter - 62 words
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Article76 1986-05-12 19 AFP A SINGAPORE-REGISTERED freighter carrying Soviet steel was held on Saturday along with two Soviet freighters in the Italian port of Taranto because of possible radioactive contamination. Officials said checks showed that the two Soviet vessels, the Nikolai Markin and the Dmitri Pozhorski, had radioactivityAFP - 76 words
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Article1315 1986-05-12 20 DULL conditions prevailed in the London freight market on Thursday, a religious holiday in many countries. Market interest focused almost exclusively on covering South American grain exports either with single-voyage fixing or time-charters. Coprosol paid U5519.50 U.OOO discharge free) to the Dynamic Confidence for a 25,000-ton May 11-171,315 words
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Article, Illustration1184 1986-05-12 20 NYT PANAMANIANS celebrated emotionally seven years ago when the treaty went into effect under which control of the Panama Canal will be handed over from the US by the year 2000. It was the realisation of a long-delayed dream that went toNYT - 1,184 words
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Article816 1986-05-12 20 AB Shpg V 5 Glory Nov IX 5 Accord Shpg VI 3 Gold Star Line X 5 Afeo Line VI 3 Golden Line VI 4 Ahrenkiel Liner X I Goldenway Mar VI 1 AC Toepfer X 5 Hangli Shpg V 5 Anro Service IV 3/4 Hanjin Cont816 words
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182 1986-05-12 21 SMALL and medium-sized shippers are rushing to tie up service contracts with two trans-Pacific eastbound conferences to avoid being slapped with a 10 per cent general rate increase (GRI) on May 15. The Trans-Pacific Freight Conference (TPFC) and the JapanAtlantic Gulf Freight Conference have182 words
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497 1986-05-12 21 THE TRANSPACIFIC Westbound Rate Agreement is confident that recent revisions in freight rates will hold firm. Demand for cargo space is high as US exports to the Far East have picked up following the depreciation of the US dollar against the yen. Mr Ronald497 words
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313 1986-05-12 21 AP STEEL IMPORTERS say changes in the way the US Customs Service handles steel at US ports will cause unnecessary shipping delays and business hardships. The Customs Service says the changes are necessary to prevent cheating on import quotas. The agencyAP - 313 words
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Article506 1986-05-12 21 THE SALE of two motor tankers to the Soviet Union for further trading at about US$lO.5 million to US$lO.6 million each featured in the ship sale and purchase market last week. The vessels were the 81,282-dwt Viking Eagla and the Viking Falcon built by the Swedish yard Uddevallavarvet506 words
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77 1986-05-12 21 Reuter THE LIBERIAN supertanker Aristotle S Onassis arrived <rff Dubai on Saturday after a missile attack in the Gulf or the previous day in which twor bf its crew were killed, shipping sources said. The 125,465-ton vessel, wUh a cargo of crude oil loadedReuter - 77 words
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Article4892 1986-05-12 22 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published at a4,892 words
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Article757 1986-05-12 27 CONTAINER TERMINAL Ship RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Voy date/time Operator cargo schedule Location Laura Ms Omex Pioneer E Oasis Hoog Pioneer L Athula Hye Siong Insa Sea Glory Anson Petopor Takari 1 K Konevskiy Johore Br Nathalie Tokio757 words
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Article446 1986-05-12 27 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure Keppel Anchon Bongtor Mito Gombelo Hye Stong Koto Pelongi Lonin Muehlbousen Ocean Prima Arrow King Bidder 2 Dunhuong Equator 3 Jumpo Kiwi Arrow Nrie Trons Fjord K15 KIO K19 K32 K30 KI2 K28 K36 K12 K23 K35 K22 KI8446 words
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Page 19 Advertisements
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Advertisement571 1986-05-12 19 Available at an pRAO" good bookshops if PUBLICATIONS THE HEART OFTHE DRAGON STRAITS EUROPE EXPRESS SERVICf NEPTUC MOE 2 ORENTAL CHEF •CFTUK COM 5 •I S MO (o connect trunk VSL 127/5 1 24/6 6/7 7/7 J/7 V*y LBH CMTOM NFK NYC UN NEPTI* MOE 1 SM SM SU Sid571 words
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Advertisement67 1986-05-12 19 [KMDS WITH ONLY 14 yeors to go before the US relinquishes control of the Panama Canal, questions linger over whether Panoma is ready to take over management of the waterway. Pag« II THE TRANSPACIFIC Westbound Rate Agreement is confident that recent revisions in freight rates will hold firm. P«ge 11167 words
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Advertisement875 1986-05-12 19 IN SINGAPORE: 778-6522 PROFESSIONAL INTERNATIONAL FREIGHT FORWARDING i MALAYSIA, 755-8955 MAERSK LINE FAST TRANSIT TO MIDDLE EAST SINGAPORE/DUBAI 8 DAYS SINGAPORE/DAMMAM 9 DAYS SINGAPORE/BAHRAIN 10 DAYS I Vmml Yoy Spore EXPORT TO USA. EUROPE. gSESBSSHgI tpn Clom| lam a 12/5 IMO MB CfS 11/5 7300 MB To US G ..t875 words
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Page 20 Advertisements
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Advertisement392 1986-05-12 20 YAMASHITA-SHINNIHON LINE TRANS-PACIFIC SERVICES STRAITS FEEDER bh En BB Pacific North WMt Faadar at Kao II'IMIIIIM B THMII'IM Atlantic/Canada Faadar at Koba ozHEnsnEm ng&zai sn cvn MB U.^i I MB I Ml 1 Mil ii II 1 MlliM I 1 ■■hMai as JUaßg nriFMi''M iPMPai7ai I EM CM ITEM imimm392 words
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Advertisement185 1986-05-12 20 BITK' Supercarrier Service Mm xupftit CB#n M Hmtan (MLB) S Francaca Oakland Stock tan and S« Q»p ait I. Mfeiev CMrtnMi n Saah. TO: CARIBBEAN CENTRAL AMERICA CIHKM Aruba C»racao Bndfetonn PMpsbur| Port ol Spam Hamilton Kingston St Mm Basse Terr*. Castries Fort de France Point A Pitre Port a«i185 words
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Page 21 Advertisements
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Advertisement886 1986-05-12 21 The Straits Steamship Group Mansfield Container Shipping PteLtd Overseas Containers Limited r~i STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Brem R dam 04/ C 05,6 14/ C 15/6 21/t 22/6 28/6 29/6 05/7 OS/7 13/7 14/7 21/7 22/7 29/7 30/7 OS/S 07/1 14/1 15/1 Also Accepting Cargo886 words
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Advertisement474 1986-05-12 21 SudAmericana JSSLJL do Vaporos GREAT P ANDES! service! TO WEST COAST SOUTH AMERICA raw wssft stow nonet *ssti m en mu w untof v«ur KSXI IS/S MMiiCO M/ 5 t/J 15/7 U/7 17/7 19/7 «SSfl Jl/5 TW U/7 a/7 »/7 31/7 2/1 ono K*TS OF C*U E9EUUMS MOCA MR MTTOMO474 words
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Advertisement451 1986-05-12 21 SABAH. BRUNEI AND SARAWAK FREIGHT CONFERENCE FAR EAST/CULF OF ADEN AND RED SEA PORTS CONFERENCE vL•M d IH Dm d» II J J 34 CONGESTION SURCHARGE The member Lines of the above Conferences have been monitoring the berthing situation at the undernoted port and have reported and agreed on the451 words
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Page 22 Advertisements
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Advertisement476 1986-05-12 22 I Hapag-Lloyd Wand haulage to inland destinations in Europe S parc PKelanf Penanf leitesßliao Genoa Hbw| "dam »u«efl «'»erp Bertram Ibduners 14/5 15/® 19/6 Peter Ridumrs 11/5 20/5 22/5 17/6 16/6 2/7 25/« 29/6 22/6 'en tounus 24/6 26/6 26/6 2/1 nn 25/7 FROM N. CONTINENT &UK IMPORTS H-towt Bturen476 words
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Advertisement193 1986-05-12 22 FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ H Member ol the Ace Consortium MERCATOR 3<«l C R TOKYO 4N CHMA CONTMKR 35* C.R. PARIS 5* LeHavre R'dan 2/6 3/6 9/6 10/6 16/6 17/6 23/6 24/6 F stove tfbyr| Antwerp 5/6 7/6 10/6 12/6 14/6 17/6 19/6 21/6 24/6 26/6 28/6193 words
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Advertisement718 1986-05-12 22 Mr Hai Sun Hup Co (Pte) Ltd TEL: *****06 (20 Lines) TLX RS ***** RS ***** I AS IT RN CAR I IM-R. I I I) SPECIALIST IN RO-RO HEAVY LIFTS SERVICES WWUKUI FROM JAPAN Vmd Spat P >Hin( SEKI NA6OYA m Sadtd In Port P**Cf MAftU NO I «76718 words
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Advertisement954 1986-05-12 22 >j EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) SGP ED *G FLI ADM ANN IHV NYC NK CHS KSN ITO OSK PUS KLG KSG HKG SGP EVER GUMO 12/5 21/5 1/4 3/1 5/t l/t 7/1 15/1 IC/S 11/1 21/1 14/7 U/7 It/7 U/7 13/7 H/7954 words
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Page 23 Advertisements
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Advertisement777 1986-05-12 23 ""SS^ PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE y.«, am Ml MY BIN MKO KAO *TCH KEE BUB -l!fc u/s 21/s 23/s ws as/s rm majaPAHIT 20/5 St/I 24/5 21/S I/® 3/® W W MAJAPAMIT M 11/8 17/8 IS/8 21/1777 words
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Advertisement805 1986-05-12 23 BLC BENLINE CONTAINERS Out* Bar Bremer EipreKoatoon Bay Mm Mini EXPRESS COHTAIO SERVICE TO UK/CONTMENT BTMVEN ROAM HAMS 3/6 4/6 u/6 u/c lt/t 29/6 21/® u/< 27/1 29/6 30/6 4/7 V 7 7/7 12/7 13/7 15/7 It/7 21/7 21/7 21/7 29/7 11/7 V> 6/9 l/l 11/1 14/1 IC/I EXPRESS CONTAINER805 words
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Advertisement625 1986-05-12 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESUdI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE LJ. BONTANG' VS WB OCEAN PRRM' V 4 NB •A VESSEL S'pwe Bremen hPt/K.33 U/$ 9/5 6/6 12/5 11/6 S parc Genu B»»o le HavreLdn625 words
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Advertisement299 1986-05-12 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR TAMAITAJ SAMOA V 7 CLYDEBANK VI7N IVYBANK VI6N 16/6 30/6 20/6 9/7 12/7 13/7 23/7 31/7 2S/7 FORTHBANK VI6S Spore 9/6 (PNG ports: Port Moresby/Kieta/Rab»d/Kinbe/Lae) AHYUNDAI MERCHANT MARINE BULK TIMBER AND PLYWOOD SERVICE USA SERVICE PACFIC/GULF/ATLANTIC PORTS S pore Indonesia T( Mam Ld| loc299 words
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Page 24 Advertisements
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Advertisement1112 1986-05-12 24 k. USA CANADA ATLANTIC COAST (Round The World Service) C.R PARIS V4E/0 PATRIOT *29 N JADE V 2 0 CHEF V4K/N. CORAL V 5 A. SIAlt *41/0 COMMANDER V 7 STORE 13 May 26 May 27 May 1 lun LB 6 lun 19 lun 24 lun 5 Jul Kline KAWASAKI1,112 words
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Advertisement378 1986-05-12 24 n, it.'.i-i w.'i Accepting LCL South Africa containerised cargo** Diract to sit mi tint HDLLOYD COLOMBO 012» Spor. 16/5 1/6 13/6 Pflb C.IMM Orb JO SU SJd SU 13/5 15/5 11/5 26/5 28/5 31/5 SA VAAI ***** NEDLLOYD COLOMO ***** OSAKA MMU V ***** LCL A FCL I ETA JARDME378 words
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Advertisement597 1986-05-12 24 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Singapore PHHiOf Penanf Uiding tof S O MANPUR V 27* IS Mi, CiMoßo^i, RAADAS »22 H IS lb, i CALABAR *25 IS lb, II lb, Mi*n/ C'S«t/HMi C4c*lj tsnarra 30 ib, 21 ib, IMn C HMi 'CMcstti INDIA SERVICE Accepting FCL Container* and597 words
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Advertisement719 1986-05-12 24 GOLDEN LINE GUMI GUAN SHPPMG (PTE) LTD n W »r« Street smcapone iim m wrm (it lms> STRAITS/PERSIAN GULF SERVICE: s PM GOLDEN KM Cotwnto Kirachi Oiibai Doha Batuam 13/1* Hit GOL DEN MKN Colombo *aract* Bomtu, Dub* 25/ 24 May CHMA OCEAN SHTPM6 CO., PCKMG THE PEOPLE'S REPUBLIC Of719 words
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Advertisement510 1986-05-12 24 INTRASEA (PTE) LTD. 10 Anson Road »27 16 Internationa 1 Piaza Singapore 0207 Tel *****1 1 MO Lines) iroaAsiAiiin o BREAKBULK SERVICE TO EUROPE/'JK *jp»« MTKASEA (Ml) lID KXKK *****11 Lwp. BMTMK MPfK CO M 71M7U fm "n»* 9*fMG CO SDN M> CISISI/2 P PHILITRON SHIPPING AGENCIES PTE LTD TEL510 words
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Page 25 Advertisements
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Advertisement604 1986-05-12 25 jjNOL NEPTUNE ORIENT LINES LTD Agents Spore NEPTUNE AGENCfS PTE LTD Id Mi oHkt Tenwul CfS BOOKM3 *****77 FE EU/AMST TP*/** *****77 *****22 *****53 OK OOECT IMS *****53 27*5742 I Balru HARPER OKA SON BHD 2XIOO P Ketang HARPER MRA SDN BHD ****** 3Mt2«« P in j HARPER MRA SDN604 words
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Advertisement452 1986-05-12 25 "art Ketone 31/5 24/5 JO 5 ?7/5 11/S M/« 24/5 10/S 24/1 «/7 l'/t 23/6 13/1 17/7 4GJNIS WPIUNF AGfNCKS Plf I ID TH ?*****7/?/8b434 iBookm s) ???7SIO/??1?0?? (Operations) ????48/ ??09?84 (Ifirrwijl) ??0?450 ??0?504 (CFS) CL M«i »rSI» lUNIS lUNAS Sf ll* SOW BHC Kl Tel i r. PK lel452 words
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Advertisement806 1986-05-12 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDMG 55, Martet Street Singapore 0104 Telephone Numbers *****33 (15 Lines) Cable Address SINSOV SW6APOW Tele* Numbers RS 213*0 RS ***** RS ***** P KELANG PFMJK 5o s i a,, K T cSroK~ 2S FloC g? TH UKM*/* 1.*.. Ma *****/i2*« Tcln806 words
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Page 26 Advertisements
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Advertisement360 1986-05-12 26 REGIONAL CONTAINER LINES TO BANGKOK (4 WEEKLY SAILINGS) VESSEL PtYA BHUM TT'HPH SEA DftAGON PUA BHUM Tue/Wed 120-21/5 Thu/Fri 22-23/5 Sat/Sun 124-25/5 SEA DO AGON HYA BHUM TH Tut/Ned 127-28/5 Thu/Fri 29-30/5 E3OE2IH C23H 21-23/5 Fri/Sat 1 23-24/5 [33E3E3 iim.'-iryTTn ICE3EESI lEEaona TO SOUTH THAILAND SMGAPORE lib KEiflU tltJkl FT*360 words
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Page 26 Miscellaneous
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Miscellaneous161 1986-05-12 26 m m •V A 1 K V ft 3 2&>JS2 BE SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed m knots Wove height R Thunderstorm Temperoture c Shower Weather Wind direction with speed m I Rom Wove height Cloudy Sky Surfoce winds ore indicoted161 words
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Page 27 Advertisements
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Advertisement179 1986-05-12 27 cotrt eQ SIS ETO Spn 15/5 MENG HORNG SNtPPtNG PTE LTD TEL: 33(2947 (S Uiim) The R8 3*402 HWICO ACCEPTING LCL TO CHITTAQONG Vessel ETA ETC Loadmi far •HYE SMN6-HWIO 2S/5 29/5 CNttapmc *HORMG LEE-MLOI 12/5 14/5 KMMhi (Ft#y toMwW Stnrice) fcctpfac CMbkMR (Fa. La ft SOG) Tm kmjVl mUk179 words
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Advertisement78 1986-05-12 27 plk 'NTFPNATIONAL TFS TRANSOCEAN IMI SDN. BHD TRANSOCEAN BONDFD TRUCK SFRVICf (between Pen^nq/Ked<ih) Daily CUSTOMS BONDED TRUCK Service between SINGAPORE and all FTZ A LMW factories in the states of PENANG and KEDAH. Cargo accepted on both CONSOLIDATION and CHARTERED Basis tc f n )irx ,t «»'f ITO Pjm- P»r.78 words
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Advertisement202 1986-05-12 27 Ktpptl/Mtflm Whervee *****76 Jurong Port Stmbawang Piiir Panjing *****77 6: IXIIZIZEIEI uiy N. Bangkok/37 N. Baitimort/37+ 11/5 21/5 18/5 15/5 via Akl 8/6 11/6 14/6 1/6 3/6 6/6 via Akl 29/6 vio N. Accepting Dune<WP Chalmers via Buff or Lytteitan and Tauranga Drect ETA BOC 10/6 .1 m TVZ Tung202 words
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Advertisement52 1986-05-12 27 a FTTIT; It (S) PTL LTD. ETA no KSIMin PORT 19/5 CMTTMMB ■:jii yin Jtz t .-i it-T ■WfiSP P.T. TYTYAN SAMODRA SHIPPING COY BAIAM/DUMAI Reliable Weekly Services *Ml RICROL3 SaMng Every Wednesday POHAK Every Monday Envi Services Pte Ltd tankov Shipping Co Pto Ltd. UIMM #14-12. Cad Cat Tpm52 words
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Advertisement150 1986-05-12 27 TAIWAN TO SMGAPORE ASEAN WRECT WEEKLY TO PORT KELANG/PENAN6 •AT ATTRACTIVE RATES* J I.; I 1 I I 1J U/5 1 «,i„ i in iT 5 I REGULAR i 3 ABLETOUFT OCEAN MR MMtME CORP PTE LTD *****11 (5 LMES) *****41 *****49 (Dract) 190 MDOU ROAD #14-06 FORTUNE CENTK SMGAPORE150 words
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Page 28 Advertisements
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Advertisement549 1986-05-12 28 Iff EXPRESS CONVENTIONAL SERVICE TO AND FROM UK/CONTINENT TO: EUROPE it mm rrm pkeimg kming fob ■rt faM h tat 13/14 IliT 15/U Mir UK. IT* «C Fit EUROPE SPOK BANGKOK FMM SN bM IK. BMM. AM. HUU 71 Man 1 km «C. BHVM m HULL Surety Agencies Pte Ltd549 words
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Advertisement300 1986-05-12 28 HEAP SENG TRADING SNIPPING PTE LTD 6001 BEACH ROAD #I*ol GOLDEN MILE TOWER SINGAPORE 0710 TEL NO. 2****** (2 LINES) TLX NO. RS ***** MEARCO ill j w>; 1 (.11i.', ;-?i, j 7.; IN MM* is I w h*T It Mm 21 Ikf a I 2«/» Mm 2t Mff nmi300 words
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Advertisement658 1986-05-12 28 C.Y. LINE (A Member Of The ACE Consortium) CHO YANG SHIPPING CO. LTD FUUt CMTMOtSED SEIVKt TO EUROPE <VU SUEZ) fpn Itttam I Auk Filmn H*to| Br«ai MEICATOK WW 14/5 2/1 J/J 5/4 1/i 1/4 14/4 Ct TOKYO 21/5 »/4 ie/S 12/1 14/ C 15/1 17/1 CHNA CO«T MM 35W658 words
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Advertisement758 1986-05-12 28 Everett Lines COMPAItA PERUANA DC VAPOREES (CP.V.) "PERUVIAN STATE LINE" Load** tw Catoo Mrtaran lo tM a* otlwt frnwn parts artk tramfcpxwi* it Wl On CPV ThfMfk Ms ot L Khnj lo tmai testmatio* g IOMEWKTT MUMAYEWKTT TMUMSEKKTT fn^w 14/11 HIT 24/25 Iter 6/7 la HUGHEWKTT 21/23 Hay MMOLOMKn a/i758 words
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Advertisement298 1986-05-12 28 ZIM wa-caraow kjoejrot ru contmb sonnet act cjr(wt to USA East i Nctt Caait. CaiMaaUirt Ci<i mi MIX lUK 27 t K NjS* 2UN 3tt* It 7* 13 7* IS 7* 17 7* NiH It 7 K 13 7* 15 7* 17 7* 117* 21 7* 74 7* *7* 717*298 words
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