The Business Times, 15 May 1986

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 THURSDAY, MAT It, IK* 75 CENTS
    12 words
  • 403 1 THE UNDISPUTED financial centre of Asia is now Tokyo, and Singapore and Hongkong will have to be satisfied with acting as its satellite centres, says a senior executive of the Monetary Authority of Singapore. Ng Kok Song, the director (international department) of
    403 words
  • 93 1 AP BANK OF JAPAN governor Satoshi Sumita said yesterday that the yen's rise in value had affected Japanese export volumes but was not likely to start bringing down the country's growing dollar-denominated trade surpluses for at least six months.
    AP  -  93 words
  • 524 1  -  World's largest wool-scouring plant to be built By LOH HUI YIN SINGAPORE has pulled off an investment coup, worth between $60 million and |70 million, with the decision by Yoshikawa Oil ft Fat Company to build the world's largest wool-scouring plant in
    524 words
  • 235 1 AP PRESIDENT REAGAN has launched a pre-emptive strike at trade legislation unveiled by House Democratic leaders, declaring that it will "result in less trade overall and higher cost to the consumer". "They try to make it sound like an act-tough policy, but it's really
    AP  -  235 words
  • 378 1 FOR THE NINTH consecutive trading session, share prices finished higher on the Singapore market yesterday in spite of intermittent bouts of profit-taking. Turnover swelled to 12.7 million shares valued at $22.35 million from the recent daily average of six million to seven million shares. The
    378 words
  • 345 1  -  By MONICA GWEE NEARLY |5 MILLION worth of French fries were wolfed down in Singapore in 1964 and most of them came from America. Now US potato growers and food processors are keen to encourage further the taste for tubers.
    345 words
  • 131 1 Reuter WEST GERMAN gross national product (GNP) in the first quarter was considerably weaker than originally expected, but should pick up somewhat in the current quarter. The Diw Economic Research Institute said GNP could rise up to 3 per cent in real
    Reuter  -  131 words
  • 293 1 FORMER DIRECTOR OF PuElectric Industries, Peter Tham, has claimed trial to all V charges filed against him by the Commercial Affairs Investigation Department The trial dates were yesterday fixed before subordinate courts Registrar Alfonso Aag in chambers. At the request of the
    293 words
  • Page 1 Advertisements
    • 82 1 Cassette Receiver H2 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone. *****22 Kuala Lumpur: Phone; *****3 i: Phone, *****5/*****1 Jakarta: Phone. *****5 Electronics is fun THE NEW MAN at the helm of Italian semiconductor giant SGS in Singapore, Milivoj von Somogy, is observed to display the same enthusiasm, swiftness
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    • 225 1 mm SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS AMCRAFT SCHEDULE TV RADIO OUR VIEW THE SINGAPORE STOCK MARKET, with its uncanny knock for correctly predicting economic trends, is sending out positive signals. It could be right again, notwithstanding the foct that the current rise in share prices is powered by
      225 words
    • 145 1 <'<)[@\\%[(]/@?/$.`{/>!-!|\]~[: New horizons in time. Rado DiaStar Anatom an amaioam of the latest scratchproof technology and anatomic-functional design. Revolutionary design. Convex sapphire crystal, diamond-polished on both sides. A revolutionary leap into a new era of styling and design. The perfect match the perfect anatomic solution. The anatomically formed sapphire crystal
      145 words
    • 62 1 ■jt- ,:(+$`^\{-'><<:-:.>@:'`_-%?{$\^ mm Cargo handled down spc THE Port of Singapore Authority has suffered a sizeable fall in net operating surplus. The volume of cargo handled in 1985 dropped for the first time in 10 years. Profits plunged hjr 27 per cent to $243L2 million See Shipping Times, Page I
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  • HOME NEWS
    • 355 2  -  By LISA LEE CONSOLIDATED Hotels Ltd (CHL) is launching a $20 million landed residential project in Dalvey Estate Road. CHL, which is owned by Harinco Holdings Pte Ltd, is building Ave large two-storey and six three-storey houses in the project named Dalvey Villas. Until
      355 words
    • 308 2 A GUARANTOR with financial means will have to be provided by Central Provident Fund members before they can qualify for the government bridging loan, said the CPF board in a statement yesterday. 1 The bridging loan, which comes into effect on June 1, provides assistance
      308 words
    • 270 2 THE BATTLE for the hearts and stomachs of Singapore now being fought between cultured milk makers has seen Yakult emerging with a large advantage over Vitagen. It claims to have captured 75 per cent of the market from Vitagen, which is produced locally
      270 words
    • 62 2 PUBLIC hearings by the Commission of Inquiry into the allegations of executive interference in the subordinate courts will begin at 10.30 am on June 3. The hearings will be held in the Court House designated as the Court of Appeal at the second level of the Supreme Court
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    • 328 2 WITH increasing measures against pirated software in Singapore and elsewhere in the region, Ashton-Tate, the world's second largest personal computer software company, has decided to set up marketing operations here. The move will mean better support for users of its software which includes its
      328 words
    • 390 2  -  By ELAINE KOH A COMPANY which once paid its workforce to stay at home, the Nortel computer components manufacturer, has been put into receivership. Several months ago, the company, which manufactured power supply units for computers, found that it had no orders and told
      390 words
    • 292 2 AIR SHUTTLE services operated by Singapore Airlines and Malaysian Airline System will be reduced from today due to declining demand. Both airlines, which launched the Joint services on Nov 1, 1982, have deckled to make the cuts after the failure of efforts such
      292 words
    • 148 2 SINGAPOREANS could walk away with Oscar awards later this year, not for films in Hollywood but for locally-produced food exhibited in Paris. Eleven local food-related companies are to take part for the first time in the International Food Products Exhibition in Paris from Oct 20
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    • 557 3  -  1 By ELAINE KOH IN JAPAN, the rising yen means economic and political problems. For the quick-witted Singaporean in business, it can mean opportunities. These will arise from a shift by some Japanese manufacturers to other Asian countries, as evident during the past few
      557 words
    • 78 3 fl£ ft ±1» ab #t mr urn m& *o« m a*? m w ifift fbism us «f6fn&u« #4» W*6 ffr;W#or.stttfcfc ft o sibrtt«p«M »n»'haixr a tt 2Jl*«s-?r &#>& J95 tt HH N- ft o p] o >* IfcttWiT itM m a&** gflhirm*#** M&&& *&{*&r as*si snitr®p a aW«ft 2s^p
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    • 313 3  -  By BOEY KIT YIN A FIVE-YEAR PLAN to ensure that annual exports of books, newspapers, periodicals and other printed matter rise by 10 per cent a year is being worked out by the printing and publishing industry and the Trade Development Board. The plan is
      313 words
    • 233 3 SINGAPORE has been chosen as the Asian base (or one of the world's largest computer services companies, Electronic Data Systems Corporation. The US-based company has settled for the Republic because of the availability of "highlyqualified technical resources" and MHngual people to help
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    • 152 3 IN TRUE MYSTERY MOVIE FASHION, the French embassy yesterday disclosed plans for'a? joint Singapore-French film p&*>. duction in September. The embassy attache for cffl-2 tural, scientific and technfeak* cooperation affairs, Herve Mi*-" carau, said file film woukl7tfe made possibly with Singapore actors and technical crew.
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  • Page 2 Advertisements
    • 364 2 There are only two cars in the world whose bodies are totally zinc galvanised against corrosion. Audi and Porsche. It is the ultimate protection against a world that is hostile to metal surfaces. Audi's totally galvanised body has a distinct advantage over the standard rust protection on other luxury cars.
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  • Page 3 Advertisements
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      466 words

  • OVERSEAS
    • 463 4 Washington to step in when Japanese economy shows faster growth Reuter, NYT TOP REAGAN administration officials have suggested that Washington wants to see faster Japanese domestic economic growth before it helps halt the dramatic rise of the yen. US Treasury Secretary James Baker told
      Reuter,; NYT  -  463 words
    • 94 4 AFP AMERICAN retail sales, a key indicator of US economic activity, rose 0.5 per cent in April after three consecutive monthly falls, the Commerce Department announced on Tuesday. But the rise in private consumption, reflecting a 4.1 per cent spurt in private car sales,
      AFP  -  94 words
    • 206 4 UPI POLAND criticised a US government offer of emergency milk because of the Soviet nuclear accident as "arrogant and abusive" and said it would send 5,000 blankets and sleeping bags for down-and-out residents of New York in return. Poland's government
      UPI  -  206 words
    • 366 4 AP MASSIVE debt cancellation may have to be part of a solution to the economic crisis faced by most African countries south of the Sahara desert. Most of the countries need to adopt wide-ranging reforms to reverse more than a decade of economic
      AP  -  366 words
    • 348 4 UPI THE In tenia tional Institute for Strategic Studies has accused President Ronald Reagan and Soviet leader Mikhail Gorbachev of "peddling humbug to a gullible and hopeful public" in telling the world that nuclear weapons can be eliminated. The institute said yesterday
      UPI  -  348 words
    • 258 4 AFP PHARMACEUTICAL companies are manufacturing and marketing thousands of superfluous, ineffective or even dangerous drugs, says a report released on Tuesday at the 39th World Health Organisation (WHO) Congress in Geneva. More than 23,000 kinds of non-prescription medicine are on sale, although WHO has established a
      AFP  -  258 words
    • 362 4 AP WHAT HAS WINGS and feathers and Is one of the US military's latest security measures? The goose guards. Army security forces are using geese, which object loudly when unaccustomed sounds offend their sensitive hearing, as an early-warning system at three sites
      AP  -  362 words
    • 200 5 Reuter WESTPAC Banking Corp forecast New Zealand's gross domestic product, GDP, will contract by one-half to one per cent in the fiscal year ending next March after growing an estimated one per cent in 1965/86. But it said that declines in March in the number
      Reuter  -  200 words
    • 799 5 ARRIVALS Operator Service Local From number time SIA SQ117 0005 KUL LUFT LH688 0010 FRA/DXB UA UA805 0010 JFK/SFO/HKG RBA BI443 0330 BWN MAS MH6SI 0820 KUL MAS MH811 0910 PEN MAS MH67I 0920 KUL SIA SQI03 0950 KUL AC AC858 0950 YYZ/LHR/BOM CPA CX7I0 1015 CGK
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    • 256 5 Reuter HUMAN RIGHTS and environmental groups called for a halt yesterday to funding of Indonesia's controversial scheme to resettle millions of people from crowded Java to other less populated islands. The call, aimed first at the World Bank which provides a big
      Reuter  -  256 words
    • 84 5 Reuter JAPAN'S corporate bankruptcies rose by 1.6 per cent to 1,569 in April from 1,544 in March, but down 2.6 per cent from 1,611 a year earlier, the Tokyo Commerce A Industry Research Co said. April debt was 616.20 billion yen, up 94.6 per cent from
      Reuter  -  84 words
    • 436 5 AP, AFP FEDERAL TREASURER Paul Keating has warned that Australia is in danger of becoming a "banana republic" because of its poor standing in international trade. "I get the very clear feeling that we must let Australians know truthfully, honestly and earnestly just what
      AP,; AFP  -  436 words
    • 391 5 AP, NYT AMERICAN SECRETARY of State George Shultz, in a shift of emphasis from two weeks ago, said on Tuesday the US would help lead an international effort to collect US$2 billion to assist President Corazon Aquino in coping with "a
      AP,; NYT  -  391 words
    • 117 5 UPI JAPAN HAS turned to a European satellite consortium to launch the country's first commercial communications satellite, following the explosion of the US space agency's shuttle Challenger, officials said on Tuesday. Arianespace, the Parisbased company which launched the Giotto satellite that monitored the progress around the Earth
      UPI  -  117 words
    • 186 5 FT THE CHINESE government plans to intensify its counter-trade drive in an attempt to help reduce a problem trade deficit that has led to the introduction of tough restrictions on imports in the past year. Foreign businessmen based in Beijing believe that
      FT  -  186 words
    • 265 5 Reuter, UPI BEIJING'S first cocktail bar for local people is doing good business among young Chinese "eager to sample some of the West's sophisticated tastes", the New China News Agency said. In an item headed "Cocktail bar adds flavour to Beijing nightlife", the
      Reuter,; UPI  -  265 words
    • 115 5 AFP BRITAIN'S House of Commons over-» whelmingly approved on Tuesday J night the government's proposed» package of nationality rights fbr| Hongkong's 2.5 million British pass-* port holders, due to take effect when) the colony reverts to China in 1997. The package, presented by Home! Secretary
      AFP  -  115 words
    • 73 5 AFP A US COURT ruling that compensation claims over the Bbopal chemical disaster should be decided by courts in India makes an out-of-court settlement more likely. John Coale, a lawyer claiming to represent more than 50,000 victims, said the ruling could make New Delhi more willing to settle
      AFP  -  73 words
  • Page 4 Advertisements
  • Page 4 Miscellaneous
    • 50 4 Doonesbury m ii Wi PENPLSTON! HEAD OF THE CIVIL RMTS COMMISSION, AND THE ONLY BLACK UJTTHBNOU6H GUTS TO CALL LIBERALS ON TteKKAOSM'. Wi m PENTUTON MAS THEPfPST TO POINT OUT THAT REAL RACISM STEMS FROM THE PREfBtENTIAL MINDSET. THE MAN HAS HAD A PROFOUND IMPACT ONNEO-NE6RO THJNKJN6! v I *1*
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  • Page 5 Advertisements
    • 166 5 Ji 1 /I IJ Every Tuesday, Thursday, Saturday I I\l I I |rA| and Sunday. Leaving Changi Airport J— V I I JL XL at 22:05 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel Agent. AIR CANADA 0 One word that means
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    • 167 5 mm w m m ~of 11 m i I ip i Waterfall Gardens HOLLAND VILLAGE o Exclusive. Close to Tanglin. A lowrise development on an attractive sloping site lush with foliage, and an incredibly beautiful waterfall. e Only 3 minutes from Holland Village, 6 minutes from Orchard Road. Only 44
      167 words

  • BANKING AND FINANCE
    • 410 6  -  By ALVIN TAY DAIWA International Capital Management (Dicam Singapore), the local subsidiary of Japan's oldest and biggest investment management company, has launched an US$B4 million Australia Fund. The Australia Fund, its second offshore investment fund following the launch of the Japan Fund last year, will
      410 words
    • 107 6 Reuter CHINESE Premier Zhao Ziyang yesterday said he hopes the Asian Development Bank, ADB, will add China to its board of directors in view of the country's size and role in the Asian-Pacific region. The New China News Agency said Mr 22iao told a delegation
      Reuter  -  107 words
    • 143 6 Reuter US BOND prices probably will remain fairly steady as market participants await key US economic data due later this week and also ponder the Federal Reserve's next policy move, analysts said. Dealers said it appears that much of last week's record US$27 billion trea-
      Reuter  -  143 words
    • Article, Illustration
      966 6 Reuter SINGAPORE THE US dollar yesterday lost its early gains against most major currencies in active late trading to close narrowly mixed compared with New York levels. It fell to a late 2.1880/90 marks from an early 2.2025/35 and New York's 2.1975/90 and to 1.8175/85 Swiss francs compared
      Reuter  -  966 words
    • 229 6 Interbank rates at 3pm yesterday: ■M Otter a dionto Local dollars to on# wmt foreign US do«of Sterling pound Austrobon doior NZ dollar ConocVan dollar 2 2135 3 3966 1 5494 1 2362 1 6057 2 2145 3 4003 1 5545 1 2401 1 6076 ***** 7 3469
      229 words
    • 122 6 THE OVERNIGHT rate on the Singapore interbank money market (ell by 1/8 point from Tuesday to close at 4-7/8 per cent yesterday. The term rates remained unchanged across the board. The mode was 5-1/8. S$ Interbank rates at 7pm yesterday: OH«f M 4 7/8 4 3/4 1 -nnootti
      122 words
    • 396 6 BA Futures EURODOLLAR futures yesterday opened stronger following the shortcovering rally in Chicago on Tuesday night in view of remark by Fed chief Volcker that inflation outlook was good which implied a possibility of lower interest rates. The June contract opened at 93.16 and was resisted at 93.18 as
      BA Futures  -  396 words
    • 228 6 HONGKONG: GOLD yesterday closed easier but around the day's Ugh, mainly on light buying interest towards the clow due to the late weakness of the US dollar. It ended at U*****.00/30 an ounce. On the local market, gold slipped HK$2 to dose at $3,110 a taeL The Krugerrend finished
      228 words
    • 318 6 Asian market ASIAN DOLLAR deposit rata yesterday closed firmer compared with Tuesday'a levels, after a day at thin trading, dealers said. Overnight closed at 7-3/16 7-1/16, up 1/8 point from Tuesday night and week fixed at 7-1/8 seven per cent, up 1/16. Dealers said most operators were cautious and awaiting
      318 words
  • Page 6 Advertisements
    • 231 6 Draw on lip to $50,000 more than you have in your account! The Chase Reserve The Chase Reserve is an unsecured overdraft. A service which gives you ready access to more money than you currently have in your account. Think of the ease with which you can meet payments that
      231 words
    • 5 6 BOMBAY on AIR-INDIA'S EXECUTIVE CLASS
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  • FEATURES
    • 539 7 ONLY A MONTH AGO, it looked as if May was going to be a bleak month for the stock market. Anticipating the trial of Tan Koon Swan, which was originally scheduled for this month, and the elections in Sabah, the pundits were bracing themselves for
      539 words
    • 1562 7  -  SGS Singapore's chief displays dynamic qualities After 30 years working in the semiconductor industry, Milivoj von Somogy, the new man at the helm of the Italian semiconductor giant, SGS, in Singapore, still finds the industry a lot of fun, reports BOEY KIT YIN.
      1,562 words
  • Page 7 Advertisements
    • 157 7 .The Shangri-La Kuala Lumpur is one year old this month, and to celebrate we're giving 40% discount on our published room rates. It means that each night of Shangri-La luxury you enjoy will now only cost you just MsloB (Ss9o)f Isn't that something to sleep on? Shangri-La hotel KUALA LUMPUR
      157 words

  • SPORTS
    • 273 8 AFP ALAN BOND'S America's Cup defence syndicate still rates the New York Yacht Club's (NYYC) America n syndicate its chief challenger for the sport's biggest prize. This is despite the success of Dennis Conner's Stars and Stripes Syndicate in securing sponsorship
      AFP  -  273 words
    • 160 8 Reuter SUPER-HEAVYWEIGHT Teofilo Stevenson of Cuba says he is a boxing technician now but he turned puncher on Tuesday as he knocked out Bulgaria's Petar Stoimenov in the first round of their World Boxing Championship's quarter-final bout in Reno, Nevada. Stevenson, a three-time Olympic champion, rocked
      Reuter  -  160 words
    • 231 8 AP KAZUHISA KAWAGUCHI gave up nine hits in 8 2-3 innings and blasted a three-run home run, leading the Central League's front-running Hiroshima Toyo Carp to an 8-4 victory over the Hanshin Tigers at Hiroshima on Tuesday. The Carp now is two games ahead
      AP  -  231 words
    • 156 8 UPI JOHN SHELBY, who earlier threw a runner out at the plate, singled in the eighth inning and scored the game-winning run on a throwing error by first baseman Bobby Bonilla on Tuesday night, giving the Baltimore Orioles a 31 victory over the Chicago White Sox.
      UPI  -  156 words
    • 433 8  -  By WALTON MORAIS THE BELEAGUERED Team Tennis championship has been postponed to a later date owing to poor player response. The championship, which initially faced sponsorship problems and was on the verge of being cancelled, will be held in July. It was originally scheduled to begin on
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    • 527 8 UPI TOP SEED Ivan Lendl of Czechoslovakia and No. 4 Yannick Noah of France glided into the second round of the U*****,000 Italian International Tennis Championships on Tuesday with straight sets victories over unseeded opponents. Lendl overcame Italian No. 1 Francesco Cancellotti 6-4, 6-2, while Noah,
      UPI  -  527 words
    • 263 8 Reuter WORLD CUP finalist Denmark suffered the worst possible warm-up for the World Cup finals in Mexico on Tuesday night when it slumped to an embarrassing 14) defeat against Norway in Oslo. The Danes, playing with their hearts set more on avoiding injury than
      Reuter  -  263 words
    • 290 8 AP JOHN McENROE, who has not played in a Grand Prix tennis tournament since January, probably will skip Wimbledon, a Grand Slam event he has won three Hmw "It's unlikely (he will play)...for the same reason he won't play in the French (Open) and for
      AP  -  290 words
    • 144 8 Reuter THE TWO teams which contest the World Cup final in Mexico City on June 29 can expect to collect more than US$l.5 million each, a senior official of world soccer's governing body (FIFA) said in Zurich on Tuesday. Sepp Blatter, Fifa's general secretary, said in
      Reuter  -  144 words
  • Page 8 Miscellaneous
    • 1163 8 to cm mm ft ■<• *>§51 H V <a_ ST r^> *-v A high point in the intriguing drama THURSDAY FEATURE SPECIAL Tha Swiaa Conapiracy 10.30 pm, Channel 5 David Janssen plays David Christopher, a former American Department of Justice agent turned security consultant, who is hired by the head
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    • 606 8 %'@~<[~_}></|\?+^`).'<|!:\}`&!_ mmm®) CRYPTIC PUZZLE ACROSS I Perhaps the last thing to strike a person (6) 7 Suggest being very friendfy (8) 8 A 50 amp faght? (4) 10 Clearings n which a lad is seen (6) 11 Declares they may be united (6) 14 Figure about which a couple ore
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  • Page 10 Advertisements
    • 70 10 N i x J, -«> -.*>' M MP i 3 ri fc." :^v f I I Mte I sa 4 i -#1 ftH m* W<i-" Wl*. $ms. ~<M' ■~.u 4$ sir M > v M m i m w V 4? ML i iirtfhii f > m mm •V *3
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  • Page 11 Advertisements
    • 117 11 And we've got $700 billion p.a. turnover and South East Asia's largest and most modern dealing room to prove the point. To become a major international financial centre, you need a few things. Like a stable political environment. An open market and free currency. You need instant communications facilities with
      117 words

  • INTERNATIONAL STOCKS
    • 292 12 Reuter ONE OF Britain's top four banks, National Westminster, yesterday announced plans to ask its shareholders- far extra cash but denied that it wanted the money to bid for rival Standard Chartered. Natwest, which hopes to raise £714 million through a one-for-one rights
      Reuter  -  292 words
    • 179 12 Reuter TrtE US JUSTICE Department has dropped its opposition to Texas Air's plan to buy Eastern Airlines as a result of Texas Air's decision to sell popular shuttle routes to Pan American. The department had opposed the US$676 million takeover of financially strapped Eastern a
      Reuter  -  179 words
    • 311 12 Reuter WALL STREET stocks ended a dull session on Tuesday slightly lower, as concerns over interest rates, oil prices and the proposed US tax plan continued to hamper rally attempts. An early upswing had been aided by a sharp initial drop in oil
      Reuter  -  311 words
    • 112 12 MAY 13 AMb C$ 24* Imp Oi hKO kit Pro* 43* 17* 44* Aleon 40* lu Intl 16 AJgomo 17 LoMow B 13* Btink Moot Bonk Novo Scotw 14* Mauty F«rg Mc BkxM 3* 35* Moteon A 27 Moor* Cp 34 Can Imp Bk 19% inch >4 Nofondo In
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    • 204 12 MAY 13 load Un StMl 70 5 ***** 25 MOUSTVIALS A Alpha 1000 210 unch 5 4230 45 II10 10 495 •5 1675 25 AUS^T 4350 50 Buftafc 7025 25 1710 10 ***** C G M CNA 2850 200 unch Com Gold 2385 1015 -I ,r. 485 5 2450
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    • 653 12 MAY 13 u» Ale on Akrni Alcoa Alag M AM Sig )fOv9« Afc-Chafcn«r» Am Brandt he Am Can Co Am Cyanamid Am Etoc Pot Am Exprat Am Horn* Prod Am Moton Cp AmTdl Td. Amax he Amarodo Ht* Amoco Carp Amr Carp A/mco kic Asarca rx AM RichftaM
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    • 681 12 Amsterdam MAY IS Hi A8N 539 50 -7.5 9930 -1.7 Ahold 74.50 -0.8 ***** -06 Akanta 152 90 -0 4 AAtfV 73 80 -0 4 94 50 -1.2 Am Stod 117 30 -2.2 Baikal 30.50 -0 4 659 00 +5 Buahrmon Taftarc ida... ***** +0.5 590 00 ikII
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    • 152 12 UPI THE BASF GROUP, a worldwide chemical company based in West Germany, has reported thai firstquarter earnings fell 12.4 per cent from the same period last year to US$277 Worldwide sales for the quarter were $4.7 bClk». Haas Albert, the chairman of the
      UPI  -  152 words
  • Page 12 Advertisements
    • 645 12 M is S3 T ■A 5? f y Your chance to become a millionaire during the Malaysian food festival at the =T 7.1 During the month of May you can taste some of Malaysia's famous dishes at Furama's Malaysian Festival and get a chance to win a million dollars. May
      645 words
    • 228 12 11 mi i i iU\i t\t T ,j *l\ j >i >1 ii•> J n Charlotte $3.50 That's not all! Come on over and enjoy the largest selection pf strawberry creations ever. All prices wbject to 10* service charts and 3* government tax. Jill \H n* J \*tkjTA Prince d^swn
      228 words

  • ASIAN STOCKS
    • 354 13 HONGKONG: Share prices yesterday closed firmer in fairly active trading as investors went on a bar-gain-hunting spree. The Hang Seng Index rose 16.95 points to close the half-day session at 1,820.68 and the Hongkong Index 10.62 to 1,133.07. Brokers said the market seemed to have strong support at the
      354 words
    • 236 13 MAY 14 NT Kofcn 27 20 0.2 2.43 •0 02 Kuochan Dev Lee Chang Yuan 20 40 +04 24 SO 4-02 25 50 07 30 60 0.3 1290 0 1 43 80 -0 1 3640 0 1 25 20 0 4 20 30 05 Chao Hun Cement 23 90
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    • 420 13 TOKYO: Share prices yesterday fell in moderate trading as domes-tic-oriented issues weakened and export-related shares failed to sustain early gains in the face of persistent worries over the yen's future. The market average slipped 38.51 to close at 15,943.75. Turnover was 500 million shares against 480 million on Tuesday,
      420 words
    • 84 13 MAY 14 Oriental B 0.01 unch Ph* Overseas 0016 0001 Phdex B ***** +0 005 Acoj* Mjrwig Apex Mnng B 0011 unch PLOT ...78 50 +1 5 Alios Con. B 1450 0 5 Son Maguel B 45 +3 Boguo Gold Seofront ***** unch Bovc Petroleum 0 0024 -0 0002
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    • 350 13 SYDNEY: Australian shares yesterday closed sharply higher as bullish sentiment created by a revised bid for BHP by Bell Resources spilled over into other sectors. Brokers said the higher bid also attracted overseas buying. The All Ordinaries Index rose 20.8 to 1222.4, the All Industrials Index 8.0 to 2004.7,
      350 words
    • 78 13 MAY 14 Won Hywtdoi CooH J tj ntni MOTOf 915 2061 -5 32 Bonk Seoul 690 -9 kal 1077 45 Chohaung 0k 646 700 C nmm iffuJ DL Lomrmrcioi o* 700 542 unch 7 Yukong Koreo Sh*> 2476 429 46 +13 852 22 Lucky Ltd 1094 IS 1265 -10
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    • 127 13 BANGKOK: The Securities Exchange of Thailand Index fell 0.14 point to 129.53. Turnover was 144,502 shares valued at 16.8 million baht. MAY 14 MM Sanrauk Stafrt Can mi it 465 unch Amo Fi*« Ayudhyo hn—WHl Bangkok Agro-kid 124 25 75 unch 025 unch unch S«am Citizens Laaung San City
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    • 64 13 Reuter BARCLAYS PLC hopes to list its shares on the Tokyo Stock Exchange (TSE) in the next few months and is planning to expand its commercial banking business in Japan. The deputy chairman of Barclays Bank PLC, Derk Pelly, said the expansion would include applications for
      Reuter  -  64 words
    • 303 13 UPI THE TOKYO HIGH COURT yesterday upheld the conviction of a conservative Member of Parliament for receiving bribes in the 1976 Lockheed pay-off scandal. A similar appeal is pending for former prime minister Kakuei Tanaka. The Appellate Court handed down the ruling against Takayuki Sato,
      UPI  -  303 words
    • 178 13 AFP JAPAN'S nine major electric power companies and three city gas companies have decided to cut their rates in order to refund gains reflecting the yen's appreciation and lowo* oil prices estimated at 1,537 billion yen (US$9.6 billion) to consumers. International Trade and Industry Minister Michio
      AFP  -  178 words
    • 236 13 Reuter THE BRITISH Bank of the Middle East, a wholly-owned unit of the Hongkong A Shanghai Banking Corp, posted better-than-expected results in the first quarter of 1966 in spite of the impact of weak oil prices, Hongkongßank chairman Michael Sandberg said. He did not
      Reuter  -  236 words
    • 100 13 AP TAIWAN has approved an application from Mitsubishi Corp of Japan to invest US$l6 million in a joint venture with a Taiwan car maker to produce 42,000 small pick-up trucks and vans a year by 1991. The Taipei government's Investment Commission said the project would give
      AP  -  100 words
  • Page 13 Advertisements
    • 152 13 m to wiae, iiiut and eaMla For delightful dinners with popular focal 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.oo++ per person. The Luna Coffee House. We've got a variety
      152 words
    • 117 13 w* All the Sapporo Beer you call for... during lunch or dinner is on the house! And that goes for any soft drink or sake between April 1 st and June 30th. Call 732 1222 ext. 1589 for reservations. See you soon. Cheers! Ample free parking. A© Century Park Sheraton
      117 words
    • 162 13 CJ 4m -1 a ~V f ft Malaysian Food Festival Buffet Lunch Dinner May 15-31 Adult: $14++ Child: $10++ SPECIAL FEATURE Friday Vogue May 16, 23 &30 Showtime: 1.15pm LEVEL 4, Paramount Hotel, Marine Parade Road, Singapore 1544. Tet 344-5577 9 ffc I Exclusive Pool Membership for only $15 a
      162 words
    • 177 13 MAGICALLY HYATT 1 -I- 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 6.30
      177 words
    • 194 13 $88++ (For 4 persons) ABALONE/LOBSTER Set Menu Braised whole aba tone in oyster Braised tobeter in chilli mucc Hot-plate fried chicken Sichuan style Crab meet with Tientsin cabbage e Hot A sour soup e Silver thread roll 10%—rvtee o#wg»*3% jownnnni tsx nottndudwt $188++ For 10 persons) SUPERIOR SEAFOOD S«t Menu
      194 words

  • RAW MATERIALS
    • 502 14 FT THE WEST GERMAN government has agreed to provide the coijntry's farmers with more than DM 500 million (US$227 million) in extra aids to offset Bonn's failure to prevent some prite cuts in the European Community's annual farm price negotiations late last month. 11
      FT  -  502 words
    • 437 14 AFP WESTERN WORLD demand for platinum rose 7 pei' cent in 1965 to 2.81 million ounces, compared with 2.72 million ounces the previous year, while supply came to 2.74 million, London bullion dealer Johnson Matthey said in its platinum 1906 review. After
      AFP  -  437 words
    • 139 14 Bernama FINLAND is interested in setting up resource-based joint venture projects in Malaysia, especially in producing plywood from Malaysian timber. Malaysian Foreign Minister Tengku Ahmad Rithauddeen yesterday said Finland, which has a new technology to produce a popular type of plywood,
      Bernama  -  139 words
    • 366 14 AFP IVORY COAST, which withdrew from negotiations last February on a fourth international cocoa accord, has reversed its position and now says it is prepared to resume talks in July, Agriculture Minister Denis Bra Kanon has announced in Abidjan. Mr Bra Kanon, who
      AFP  -  366 words
    • 345 14 AP WORLD OILSEED production appears to be headed for another record in *****7, which could mean further problems for American soybean producers, according to US Agriculture Department projections. Recent reports issued by the department point to a record global oilseed output of 193
      AP  -  345 words
    • 263 14 AP WORLD WHEAT production is rising again this year, despite cutbacks in the US and the Soviet Union, the US Agriculture Department has said. The 1906-87 forecast issued by the department's Foreign Agricultural Service calls for a global wheat harvest of 510.4 million tonnes,
      AP  -  263 words
    • 759 14 COFFEE ROBUSTA coffee futures on Tuesday ended a depressed but active day with losses from Monday night of £103 to £95 a tonne, but above the lows of a maximum £106 traded range. At the close, second position July was £95 down from the previous close at £1,905,
      759 words
    • 195 14 MALAYSIAN crude palm oil prices yesterday closed slightly higher on late covering interest after initial uncertainty, supported by a firmer Chicago soyoil futures close late night, dealers said. However, a reserve of buyers due to lack of encouraging factors limited gains, they added. May deliveries in the south
      195 words
    • 212 14 Reuter WHEAT FUTURES on Tuesday closed 2-1/2 to 9-1/4 US cents a bushel higher in moderately active dealings on the Chicago Board of Trade. July ended in the top half of an 11 cent range. Rumours of Soviet purchases of US corn, which could be followed by purchases of
      Reuter  -  212 words
    • 201 14 Reuter SOYBEAN FUTURES on Tuesday closed 1-1/2 to 51/2 US cents a bushel higher in moderately active dealings on the Chicago Board of Trade. July ended in the middle of a four cent range. Soybean prices firmed in sympathy with the strength in corn values as unconfirmed rumours circulated
      Reuter  -  201 words
    • 107 14 Beater THE KUALA Lampir Urn price yesterday reee five eeats te eleee »1 Mfl4.lt per kite, iwltn The market epeaed la aetlve UMlag at $14M per Idle, with 2» teaaes aeted, a level „,Ll.t aM .a wiico buyers CMftsMfr6d attractive, they said. Bat teaaage fell te 34 teaaes
      Beater  -  107 words
    • 316 14 RAS prices in S tents/kg, FOB in b ales NOON CLOSE buyers 5>IUn Buyers lot 1 RSS Prompt 169 50 I7050N 169 50 170 SON lot 1 RSS June 86 168 00 168 50 168 00 168 50 Int 1 RSS July 86 167.50 168 00 167
      316 words
    • 104 14 (ctfift/kf. 1-twi pi JUNE 86 JULY 86 (currM it month) (forword montfc) NOON NOON RAS a DWyf rj Stdtn lnytn ScMcri SSR 20 157 00 I59 00N 157 50 159 SON SSR 50 154 00 I56 00N 154.50 156 50N MRELB Sullen lut fl 5>Htfi SMR CV
      104 words
    • 356 14 Reuter SINGAPORE THE MARKET yesterday closed steady with June One RSS buyers quoted at 168.00 cents per kilo, unchanged from Tuesday's close, dealers said. The morning market hovered narrowly after shortcovering alternated with long liquidation in quiet trading, they said. Prices weakened slightly in early afternoon trading on some
      Reuter  -  356 words
    • 143 14 Chintit Prod tic# Exchange Severs' noon dosing prices on Moy 14 (SJ/100 kg). Coconut oil Bufc FOB 45.00 Otd drum FOB 58.00 Now drum FOB 62.00 Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW bwp-fob NSW Gombier FOB NSW 560 00 1422 00 1322 00 330 00 Copro
      143 words
    • 66 14 Bangkok (US$/tonnc, FOt) Broken Rice A-l Super A-l Special 115 112 White Rice C-l Speciot unq 100% 1st class 240 C-l Ord unq 100% 2nd class 215 Loonzoin Rice 100% 3rd class 210 100% 1st grode unq 5% 200 100% 2nd grode 210 10% 195 100% 3rd grode unq
      66 words
  • Page 14 Advertisements
    • 338 14 NOTICES NOTICE OF FINAL MEETING IN THE MATTES OP THE COMPANIES ACT, CAP. ltt TRADING PTE. LTD. (MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of The Companies Act, Chapter 185, the Final Meeting of the members of the abovenamed company will be held at 6001
      338 words
    • 315 14 Ia the Matter af The Campaatoa Act Cay 18S Aai la Ike Matter «l VIBBAFOBCE MACHINERY &E.A. PTE LTD (la Velaatary lifaMattaa) Member*' Valaatary WMtagUp At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 95A Jalan SS2I/1A Damansara Utama, Petallng Jaya. Selangor,
      315 words
    • 163 14 CHIP HUP SENG CONSTRUCTION CO (PTE) LIMITED (IN VOLUNTARY LIQUIDATION) Notice Is hereby given pursuant to Section 308(2) of the Companies Act, Cap 185 that the Final Meeting of members of the abovenamed Company will be held at 116 Middle Road #06-02/03 ICB Enterprise House Singapore 0718 on Monday the
      163 words

  • SHARE INFORMATION
    • 4124 15 DESPITE widespread profit-taking in the afternoon, share prices still managed to end higher for the ninth straight trading day. Trustee stocks, led by banking issues, continued to feature prominently as volume improved further to 12.70 million shares from Tuesday's 11.00 million. Rises were seen across
      4,124 words
    • 221 15 SINGAPORE Rum K G f Life 1230 30 rrCo«oo»rt« Umk, m* 260 22 Jr DIS 530 20 tT Oi/OS MRS 238 +10 KcIdT S_ L» 118 +10 !jo«V Hara Haag 90 +10 MrT. OUI 235 +9 M T C 78* 350 +8 H Laoag F5a 204 +8
      221 words
    • 3451 15 BID and otter prices officially Listed and business in and reported to the Stock Exchange of Singapore ysstei day with the number at shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are Cod after the word
      3,451 words

  • COMPANY NEWS
    • 389 16  -  Group operating profit expected to be maintained By AMY CHEOK TO ACHIEVE profit margins comparable with those of last year, Jurong Engineering Ltd will have to look into new business activities and areas, according to chairman Tan Teck Chwee. In his latest annual address, Mr Tan
      389 words
    • 543 16 SHARE PRICES remained steady on the Kuala Lumpur stock market yesterday as buyers returned to the trading floor. However, some speculative counters came under profit-taking and lost ground in active trading. Blue chips continued to attract attention and moved steadily upwards. The more active trading
      543 words
    • 177 16 THE BID for control of Hotel Marco Polo Ltd by Hongkong A Kowloon Wharf 4 Godown Company Ltd, has met with a poor response, and has been extended. Wharf's adviser, Wardley Ltd, announced yesterday that acceptances of the offer had been received in respect of
      177 words
    • 417 16 Reuter, MBT THE WORLD'S largest tin miner, Malaysian Mining Corp, is tiring 58 senior staff and 64 clerks due to the crisis in world tin prices. "Since an improvement in the tin industry is not foreseeable in the near future, the decision to retrench some
      Reuter,; MBT  -  417 words
    • 2904 16 BID and offer prices officially listed and hml w 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 .«I -1 n i l#l ,1 otnerwue specuwo. MXJSTRMLS Acmo (1.006)
      2,904 words
    • 246 16 Mormgers' prices for Moy 15 Singapore Unit Trust The Commtfct 0 80 0.85 The Saving* Fund 0 53 0.58 S'por* Prog Fund 0.31 0 33 S'por* S*c Fund 0 52 0 55 S'por* Invest Fund 0 48 0 52 S'por* Equity Fund 0 36 0 38 Asia Unit
      246 words
    • 238 16 AMCOL ELECTRICAL bdnstries Iiartted: AGM at 19, Wan Shih Road, Jurong, Singapore 2262, today at 10am. THE GREAT EASTERN Life Assnraaee Company Limited: 78th AGM at 65 Chulia Street, #18-01, OCBC Centre today at 11.30am. CENTRAL PROPERTIES Limited: 24th AGM at Windsor Room, Goodwood Park Hotel, 22 Scotts
      238 words
    • 117 16 HONGKONG Hong Kong Index Wednesday 1133.07 Tuesday 1122 45 Week ago 1160.16 Hong Song Index Wednesday 1820 68 Tuesday 1803.73 Week 090 1865 65 Austrolion Industrials Wednesday 2004 7 Tuesday 1996.7 Week ogo 2075.2 NEW YORK Dow Jones Tuesday 1785.34 Monday 1787.33 Week ago 1787.95 TOKYO Nikkei Average
      117 words
    • 382 17 MBT THE TWO NEWLY appointed directors of Supreme Corporation Bhd, Datuk Abdullah Mohamed and Datuk Mak Kok, plan to diversify the company and strengthen its insurance and finance division through an injection of fresh capital. At a press conference in Kuala Lumpur
      MBT  -  382 words
    • 180 17 DATUK KERAMAT Holdings Bhd has confirmed that it is cancelling its proposed interim dividend of 23.5 cents and will not declare a final pay-out either. Datuk Keramat said there were no profits from which dividends could be paid, and that there were insufficient tax credits
      180 words
    • 949 17  -  Stockbroker and four brokerage houses face lawsuits By HOMER CHEN SUITS against a Singapore stockbroker and several brokerage houses have been filed by Hill Samuel Merchant Bank Asia Ltd, which was expected to make a provision of $26 million for possible losses in loans and
      949 words
    • 323 17 BOUSTEADCO SINGAPORE Ltd, which incurred a loss for 1985, is forecasting a difficult time for this year. In the annual review, chairman MR Roper-Caldbeck said: "Remedial measures taken during 19K are beginning to have an impact on operating costs, as are the welcome cost saving
      323 words
    • 144 17 OVERSEA* UNION Securities lm i —a— consonoatea net tangible asset harking per share was $m as at April 30. IS9L DIRECTORS of Amna Beeirieal MhMm LM are recommending the payment of a first and final dividend of 4 per cent tax exempt Instead of the original 5 per
      144 words
    • LATEST RESULTS
      • 94 17 Group pre-tax profits for the year ended Dec 31, 1985 dropped 48 per cent to MJ5.61 million (from H0.89 million) in spite of an increase in turnover to $165.57 million (from $133.28 million) for the year ended Dec 31, 1985. Directors are recom- mending a first and
        94 words
    • 90 17 Bernama MALAYSIAN Finance Minister Daim Zainuddin did not himself approve a transaction relating to shares in the United Malayan Banking Corporation, Bank Negara said yesterday. The transaction was approved by the Cabinet, the bank said in a short statement issued in response to recent reports
      Bernama  -  90 words
    • 1036 17 NEWS yesterday morning of a £714 million rights issue from National Westminster Bank sent shares spiralling lower at the opening as operators considered the implications of another major cash call on investors. At 0821 GMT, the FTSE 100 Index had wiped out Tuesday's near 20 point advance to
      1,036 words
    • 1197 17 11 b dote Seeks dose peyeMe Tetel «er the rear Tetel «er teM yeer A Enterprises Aono Asiatic Da* Beta Boastaod C AC C 1 Holdings C Fropartias Cham Msio City Da* Cold Store DBS CULS Deyepi lad Dwntop Est Dvnlop lad Esso Esso Prat Ea Yon Sang
      1,197 words
  • Page 16 Advertisements
    • 709 16 The Toronto-Dominion Bank Incorporated in Canada with Limited Liability CONSOLIDATED STATEMENT OF ASSETS AND UABtLmES A* at October 31, IWS Note M Iguw quoad i CONSOLIDATED STATEMENT OF I For tfw year ended M October it Caah reeourcee Gash and dapoaii with Bank of Canada Cheques and otfw itoms in
      709 words

  • Page 17 Advertisements
    • 324 17 PILECON PILECON ENGINEERING BERHAD (Incorporated in Malaysia) AUDITED ACCOUNTS For th« Y«ar •nd«d 31st D«c*mbor 1985 an are oieased to announce the audited wta of the Company and o# Oo«» far the year The directors are pleased to announce MMaDDKMtw, 198 Operating Profit Shore o< Profit of Associated Eomingi for
      324 words

  • 396 18 SINGAPORE cannot afford to keep out multinational corporations in its economic development, Acting Trade and Industry Minister Lee Hsien Loong told Japanese businessmen yesterday at a seminar in Osaka. "If we were to keep the multinational corporations (MNCs) out, we would not have been
    396 words
  • 442 18  -  By LEE HAN SHIH A TRUCE in the rates war, which has seen rents in the Raffles Place and Shenton Way area slashed by 20 to 30 per cent in the last nine months, is in sight, a prominent valuer
    442 words
  • 465 18  -  By CHUANG PECK MING A COMMUNITY FOUNDATION headed by First Deputy Prime Minister Goh Chok Tong is to be set up to improve the effectiveness of social and educational services provided by the People's Action Party at the grassroots level. With an initial
    465 words
  • 319 18 JAPANESE investors looking at Singapore are being deterred by what they believe is poor productivity and an official restriction on foreign workers, as well as a host of other obstacles, although many of these no longer exist, according to the ambassador to Japan, Mr
    319 words
  • 275 18 THE CENTRAL Provident Fund has laid down a sevenstep procedure for members who wish to use their savings to redeem loans secured by shares. The CPF Approved Investments Scheme, implemented on May 1, 1966, allows members to seek reimbursement for securities which have been paid for
    275 words
  • 390 18 Agencies THE NEXT MEETING of the Organisation of Petroleum Exporting Countries will be held in Yugoslavia on June 25. Indonesian Oil Minister Subroto said in Jakarta yesterday that Yugoslavia had been chosen as the next Opec conference site because the organisation considered it
    Agencies  -  390 words
  • 115 18 Reuter THE FIRST TALKS between China and Taiwan since 1949 on the return of a Jumbo Jet and its crew diverted to the mainland may begin on Monday. Taiwan's China Airlines said yesterday that it was negotiating with China's national carrier CAAC on a timetable for the talks,
    Reuter  -  115 words
  • 121 18 Bernama MALAYSIAN Attorney-General Tan Sri Abu Talib Othman said yesterday that action would not be taken against those who divulged official secrets which the government considered suitable for public disclosure. However, Journalists must first contact those responsible for government secrets to find out whether
    Bernama  -  121 words
  • 47 18 COMEX GOLD FUTURES lost US$l JO to $1.60 yesterday morning in a continuation of Ae quiet pace on overnight markro. Gold for delivery in June was down 11.30 at $343J0 an ounce, holding Tuesday's low of $342.50. The silver report was unavailable at press time.
    47 words
  • 52 18 Reuter WALL STREET stocks moved higher in sympathy with a bond market upturn yesterday, said traders. A scattering of buy programmes and an upturn in short-term technical indicators also helped. The Dow Jones Industrial Average was three points higher at 1789. Advances led declines slightly on 11.3
    Reuter  -  52 words
  • LATE FILE
    • 52 18 Bernama THE SABAH government yesterday announced a windfall for settlers of Sabah Land Development Board schemes by agreeing to write-off their outstanding loans to the board amounting to M 532.8 million. Chief Minister Datuk Joseph Pairin Kitingan said the write-off would benefit 2,675 families in 11
      Bernama  -  52 words
    • 36 18 Reuter FRENCH Finance Minister Edouard Balladur has formally set up a commission to study reforms in competition law and charged it with submitting a report to him by July 31. Reuter
      Reuter  -  36 words
    • 49 18 AP CANADIAN Prime Minister Brian Mulroney yesterday praised the economic promise of the Pacific countries, and said his country counts on more business with the region. Currently on a fourday visit of South Korea, he also called for fair and open trade practices. AP
      AP  -  49 words
    • 43 18 Reuter A PHILIPPINE negotiating team left yesterday (or the US to find a way out of a billion-dollar debt for an unused nuclear power plant. Manila owes about US$l.3 billion for the Bstasn plant built by Westinghouse.
      Reuter  -  43 words
    • 51 18 AFP TWO HOME-MADE rockets hit the Japanese and US embassies in Jakarta yesterday, but exploded harmlessly causing no casualties or damage. Police said 30 minutes after the simultaneous rocket attacks, a car bomb exploded in the parking lot of a building housing the Canadian embassy.
      AFP  -  51 words
    • 26 18 Reuter ISRAEL yesterday formally opened a Hongkong consulate, 11 yean after it Withdrew the consulate in a cost-cutting move in 1975.
      Reuter  -  26 words
  • Page 18 Advertisements
    • 268 18 "technology Future Bank Paperless Collections: Automating Documentary Credit Functions June 5-6, Singapore Sea Docs the Bill of Lading Registry: Mr Anthony Albert Director, Sea Docs Registry Ltd (a Chase Manhattan Bank subsidiary) explains how a centralised agent for oil companies, trading organisations, shipowners and banks can improve and standardise information
      268 words
    • 237 18 YOU DONT GET AHEAD mm vsia BERK SECOND IN UNE. Whether it's winning a contract or making a sale, you don't succeed in business if you come in second place. The same applies to the news and information you need-timely, reliable news you can act on. That's why successful executives
      237 words
  • Page 18 Miscellaneous
    • 48 18 Outlook for today: Showors ovor o few oroos in the lot* morning Report for 24 hours prior to port: Maximum temperature 33.2 Associated humidity 60 Minimum tomporoturo 25.9 Associotod humidity 94 Hours of sunshine 11.30 Rainfall in millimatras nil RoinfoN this month 92.5 Rainy days this month P
      48 words

  • SHIPPING TIMES
    • 522 19  -  By LINDA CHEE THE VOLUME of cargo handled at the Port of Singapore Authority in 1965 dropped for the first time in 10 years. The decline, coupled with tariff concessions and rebates, led to a sizeable fall in net operating surplus. Chairman Lim Kim San
      Source: Singapore Department of Statistics.  -  522 words
    • 216 19  -  By JUNE LIM THE TANJONG Pagar Container Terminal was the only PSA gateway which registered an increase in cargo throughput last year. The number of containers channelled through the terminal edged up by 12 per cent to 1.55 million TEUs.
      216 words
    • 252 19 Lloyd's List A STUDY TEAM from Japan's Kawasaki group has gooe to China to prepare a feasibility report on a major new ship scrapping venture. Kawasaki is offering technical co-operation in the proposed Joint venture between the two countries. The visit follows a
      Lloyd's List  -  252 words
    • PORTSIDES
      • 126 19 Reuter THE TUNG GROUP, saddled with debts of some US$2O billion, will present a long term rescheduling plan in a creditors meeting scheduled for Friday, banking sources said. Details of the plan are not yet available to creditors. A spokesman of Hambro Pacific Ltd, adviser
        Reuter  -  126 words
    • 1344 20 TIME-CHARTER operations continued to generate much of the reported business on Tuesday on a still very slow London freight market. However, there was no further Indication of rate declines. Rather, slight improvement could be seen in US Gulf export payments. Archer Daniels Midland fixed the Pella from the
      1,344 words
    • 922 20 FT THE SOUTH Koreans, in their blunt way, have never made much secret of their intention to grab as many of the world's new shipbuilding orders as possible. Fifteen years ago they were hardly known in the industry. But then Hyundai built its
      FT  -  922 words
    • 397 20 DISTRESS CALLS made from outside coastal areas have only a 80 per cent chance of being heard, said the former chairman of the International Maritime Organisation's (Inmarsat) sub-committee on radio communications. Captain Charles Dorian, US Coast Guard (retired), told an inquiry into the
      397 words
    • 78 20 AFP FIRE BROKE OUT in the eiK gine room of a hovercraft off Hongkong but. no one aboard the vessel wa< injured, polk* said. The 69 passengers were* transferred to another hovercraft after a firefighting vessel; from Hongkong had put oat the blaze, police said. They
      AFP  -  78 words
    • 633 20 AB Shpg V 5 Accord Shpg VI 3 Afea Line VI 3 Anro Service IV 3/4 ANL 1 1/2 APC Line V 4 APL 1 2/3 ASCL IK 1 Bolt-Canada Line VI 4/5 Bolt-Orient Line VI 4/5 Bank Line V 5 BBS 1 4/5 Ben Line Cont
      633 words
    • 80 20 MARITIME union opposition to two international dredging companies working on the North-West Shelf LNG Project has thrown the Mermaid Sound port development well behind schedule. A consortium of John Holland Constructions of Perth, and the Belgian Jan de Nul and International Dreding was awarded a A*3o million
      80 words
    • 158 20 Reuter TWO VESSELS carrying general cargo collided head-on in the Buenos Aires port northern canal and traffic was disrupted (or several hours by manoeuvres, the Coast Guard said. The collision opened holes in the bows of both the Liberia-registered Macreefer, bound
      Reuter  -  158 words
    • 271 21 Reuter IRAN HAS extended the area of its Gulf "tanker war" with a new attack base on an island near the strategic Strait of Hormuz, said shipping sources. They said the base on Abu Musa island put Iranian planes or helicopters within range
      Reuter  -  271 words
    • 473 21 Fairplay THE AMERICAN Hull Insurance Syndicate is to introduce important changes to the method it employs in the treatment of marine insurance claims. The intention is to expedite settlements and reduce costs in the process, said Allen Schumacher, chairman of the syndicate, in his recent
      Fairplay  -  473 words
    • 484 21  -  By Kingsley Wood IN FIVE YEARS the number of shipping lines serving the Australian liner trade on a regular basis has increased from 74 to 106 and those operating outside the conference system have grown from 26, about one-third, to 60,
      484 words
    • 219 21 Seatrade Week SANKO HAS succeeded in cancelling charter contracts with 14 out of 18 foreign owners at a cost of as little as yen 5 billion. The remainder, mostly Hongkong-based interests, have consistently refused to accept the offer from Sanko to pay 5 per cent
      Seatrade Week  -  219 words
    • 212 21 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf j" Straits ports/Australia, Straits/Japan and the member lines* ACE (FAR EAST/EUROPE): Franco Belgian Services. r "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang shipping. V- t ANRO (STRAITS/ AUSTRALIA): Australian National
      212 words
    • 96 21 THE POET of Bristol handled more than 3 million tonnes of cargo in the last financial year and bs4'<increased its share of the UK's trade in the face dt' fierce competition. The docks handled 3.2 milliontonnes which was almost 229,000 tonnes up on laityear. The
      96 words
    • 440 22 'Hfly 13-15 Bulk Asia 86, Ist Asian bulk transport A handling conference, organised by Lloyd's of London Press and Business Motivation Seminars, Royal Orchid Sheraton Hotel, Bangkok, Thailand. May 13-15 Ro-Ro Conference and Exhibition in Gothenburg. The conference will have a session devoted to ro-ro railships. More details
      440 words
    • 7071 26 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.
      7,071 words
    • 712 27 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location C has tine M 8607 15.5.86 1800 Maersk F5 0900-1000 A2 Gold Orii 45W 15.5 86 2030 Star Shpg F7 1130-1230 U4 Kitano Maru 71/431
      712 words
    • 1680 27 Who acts for whom The leading shipping lines operating from local ports and their agents. A-i A Top Enterprises Pte Ltd Some (S) AB Shipping Bousteod Shpg Agencies Afeo Line A trie on Shpg Agencies (S) Ahrenkiet Linet Kim Shpg (S) Alfred C Toep+ei Oceonus cies <S) Muttiport Sdn Bhd
      1,680 words
    • 519 28 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 15.5.86/0600 Bintang Sena K25E SSPL alongside Intereost K36 Lion Huat alongside 15.5.86/1500 Kiwi Arrow K9 Jardine alongside 15.5.86/0700 Kota Segar K3I PIL alongside 15.5.86/0600 Nile K32 LN Shpg alongside 15.5.86/0600 StoJt Ventura K29 S Nielsen alongside 15.5.86/1000
      519 words
  • Page 19 Advertisements
    • 511 19 MHIh IS I- "i 1 v TV M OOCL OUpuOvßyoi Cmfcitm Um AfIMK MM SMPffK IBMD <«H- M2IM/ OK) 70 ShMton Way #0«-03 Manna Hmm Smpport 0207 M *****11 TELEX NO B ***** ■Bn crs ornct tfc #***** t«j *****31 m* 2220(32 TtrtMOl otto IPC »Q3-030 W *****90/*****93/*****01 TMa 8U7044
      511 words
    • 72 19 mm THE SOUTH Koreans, in their blunt way, have never made much secret of their intention to grab as many of the world's new shipbuilding orders as possible. Pag« II THE AMERICAN Hull Insurance Syndicate is to introduce important changes to the method it employs in the treatment of marine
      72 words
    • 926 19 The Time Manager Seminar For more details call *****00 MAERSK LINE FAST TRANSIT TO MIDDLE EAST SINGAPORE/DUBAI 8 DAYS SINGAPORE/DAMMAM 9 DAYS SINGAPORE/BAHRAIN 10 DAYS SINGAPORE/KUWAIT —11 DAYS Voy IS* poT9 EXPORT TO USA. EUROPE. *CY~- 19/5'15M T MB CPS- Ua23MNAS •CacM Kit TuMnAn H to McXaney KM to USA
      926 words

  • Page 20 Advertisements
    • 245 20 YAMASHITA-SHINNIHON LINE I' wj m I w j] HANS SIBERIAN SERVICE Weekly Container Service CCf PAN ASIA LINE, LTD. JSS^SSST^ INBOUND FOR STRAITS PORTS OUTBOUND FOR TAIWAN/JAPAN UNITED STATES LINES US EAST AND WEST COAST/PANAMA/CANADA mm H7 LfOOM HI a ,i as TO INDIA/BANGLADESH ACCEPTING CARGO TO: US CAST COAST
      245 words
    • 142 20 i mt im Bqt I. taptei. Ctohito m Sa* CAMKAM Arutn Curacao Bniptewn PMpsbart Port ot Span. HtMtton. Kinpton St Mm B*s» Tcrrt. Castries Fort te France. Point A Prtre Port ao Prince Nassaa Freeport St. Goorjcs. Oorfetown C. MCKM Puerto l«M. San low Puerto Cortes Guatemala City. San S#ra«or
      142 words

  • Page 21 Advertisements
    • 887 21 The Straits Steamship Group Mansfield Container Shipping PteLtd QCC Overseas Containers Limited STRAITS SHAPING Singapore to Sabah, Sarawak, Brunei Porte end Bangkok f CONTAINERSHIP SFRVICE TO UK CONTINENT 12/S 14/1 IS/I M/ 6 21/6 22/ C m/i a/i a/i •2/7 M/ 7 e/7 U/7 IV7 14/7 11/7 21/7 22/7 27/7
      887 words
    • 520 21 Franco Belgian Services f&j 1.. I r, t. s, rw. ,tt- .<■ .W. I M I MFMBER OF ACE CONSORTIUMS toftrt (12 Ufta «J» 17 tm Mi aIN (U IN) ll* It la 12 Hti IS I aIN <a H»t) It J» 17 tm 191 a 71 km 81 Mti
      520 words

  • Page 22 Advertisements
    • 515 22 r M Hapag-Lloyd TO CONTINENT, UK EXPORTS ROM N CONTINFNT &UK IMPORTS WiwMi UtMttlH IPI S>n 4m*MM 14/5 15/5 MK. 22/5 24/5 25/5 31/5 I 5/5 7/5 |w. Mm Ma 11/5 25/5 21/5 23/5 24/5 13/5 IS/t M. I «T < 25/5 27/5 25/5 3M 31/5 21/5 23/5 I Fra*hrtE*n«
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    • 77 22 C. t. TO*TO <W J2l/S I 3» cx ma m fROM I IIROPE VIA SUfZ s Member of the Ace Comortnim 'Hill OONIHINiRr.fI) |(i IRt )M NOR IM 'Mf RIO.A AtM fpA\ Mtc 4S/E ns sc OCM 4K/191 SK U 13C/KNV 331 IK 34C/INO (X CONVENTIONAL SERVICE TO IRAN/PERSIAN GULF
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    • 541 22 Hai Sun Hup Co (Pte) I td TEL *****06 (20 Lines) TLX RS ***** K RS ***** ft. I \S II K\ \K I l\l K III). IrTTTT INTERMARITIME LTD 1. Unb* (M ApM) Tat 221 Sll Jakarta (ft* *«l) Tat 67M11 REUNION/SOUTH AFRICA SERVICE w a» v n n
      541 words
    • 441 22 o EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) OUTBOUND fuwi m sgp motmei m ui rot una n dmect 7/1 t« una kn no sua i w una b n mpm iumnce raan n/s omect u/i mi cube 21/5 na SLimn man n/s wwuMinE« 60WW
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    • 146 22 US I NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES sr if KYOWA LINE uV SUN UNION LINE m. TAIYO MARINE LINE WEST AUSTRALIA SERVICE va PAHARTI LI PTKELANG SPORE F'MAHTIE MEL SYD 28/6 26/6 10/7 18/7 23/7 (P Hedbad. GeraMton subject to "Mvccment) EAST AUSTRALIA SERVICE VS.
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  • Page 23 Advertisements
    • 794 23 PACIFIC INTERNATIONAL LINES W\ PIL Building. 140 Cecil Street. 03-P0 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL VOV SIN JKT SBV SIN KOTA SINGA OSS SaNad Sattod 15/5 MAJAPAHIT OSSS 20/5 22/5 24/5 28/5 GOWA 07 SB 4/S 5/5 «/S 11/S •TCM TAtCHUWO *MUR HKQ KAO *TCH KEE
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    • 599 23 agorr aT STORE PILLARS M/ 5 5 BIN LINE CONTAINERS <*i i*hn? «/7 in Frankkvt Eipni 11/7 13/7 T«a Eipreu H/7 21/7 «»a/7 »/7 EXPRESS CONTAINER SERVICE MM BtMUCNIIMM HAW STON Oub B*t SJM bM SJM UM SM Kaufi Mm bM SM SjM faM M TO UK/CONTKNT MM r>«KN BMW
      599 words
    • 454 23 J DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYB P.T. 6ESURI LLOYB P.T. SAMUBERA INDONESIA P.T. TRIKORA LLOY» EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE S'pvt Gmm Km It Hnrd.* Umi/MmMW| GAMDA BHAKTT Vl5-NB 2-4/6 3/7 11/7 13/7 15/7 lt/7 20/7 rpm MM KATARAAT Vl5-WB 20-22/6 15/7 Mm/UMI HMAwi/Btmim
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    • 366 23 BOUSTEAD SHIPPING AGENCIES Pi» V 950 •Srttwiy *24 BURMA FIVE STAR (Burmese National Line) Loading for Rangoon Sport PActa* P«v IVI7 May (P. Gudaaf) It/19 lb) 20/29 May 1/3 Jm -x. C. Ttotm+tO*, V* BANK LINE EXPRESS SEM-CONTAiO SEJtRCE < MRTHBOM) TO UKC SPORE ROAM HULL MK THALASSM MAIM TAMAITAI
      366 words

  • Page 24 Advertisements
    • 1433 24 ECUADOR/PERU/CHILE FtlKI m MOTHER *Sl STORE Wl6 OKK BRDGE *55 MAUECO *0721 13 May 14 kb \»:"K"line KAWASAKI KISEN KAISHA, LTD.— PNG SPORE KOBE GUAYAQUR. CAI.LAO ARICA IQUQU AFAGASTA SANTOMO VALPARAISO IS May 17 May IMi CM IS M 1(M 17 M 19M TAIWAN-JAPAN-CHINA-MANILA MAMLA STORE PMC PENANG STOW MANIA
      1,433 words
    • 634 24 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL ContoiMrt Feeder P Ketarx CALABAR V» 14 Mar CALABAR V 76 15 hit fsnamß vs 1 M Imer Vessel S'pdte WWROAS V7l 70 May RAMOAS V 73 17 hn CHANEXDAS V7O 79 lun RAVDAS V 37 (W KM) f rem tan 13 tun 77
      634 words
    • 516 24 GOLDEN LINE GUAN GUAM SMPPWE (Pit) LID 21 W Ajpw fe«4 msmm iim iel muni <ii no STRAITS/PERSIAN GULF SERVICE: s c GOUXM KM Cotomtc /Kmcta/thta/Me 'M»ai k Nrt COUCH W« CMombo/ftjftdii/BMtor/Oatai M/ 31 I ItUllJilL fQ. C*f» to Ma M I QUAN QUAN SHIPPING SON. BHD. P. KELANE Tit
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    • 491 24 INTRASEA (PTE) LTD 10 Ansor Rudd a 2 7 If) Intern.'*? ion.4 S» 0201 Tel ***** 1 L ,r s •o' BREAKBULK SERVICE TO EUROPE/UK HMU (fit) f -1 mm svfw ca a 71M7M IIUU/2 PHILITRON SHIPPING AGENCIES PTE LTD TEL |8 1 INES) TELEX RS 287?0 PHILI »/V */V
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  • Page 25 Advertisements
    • 487 25 Spare NEPTUNE AGENCCS PTE. LTD -y; 7 HL B TaaM as iookmes *****77 FE EU/MST m/» V\> *****77 *****22 *****53 «OMKT IKS ******3 *****42 jVy H H 1 Bttn HAmK MM SON. M. "SIM =r \rSK |1| H S P Krtant HJWPCR MM SON. WD 36*248 H <*t> HABPW MM
      487 words
    • 472 25 HEUNG-A SHIPPING Korean Flag Vessels DO* AM SEMI CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG. BUSAN. INCHON 22/5 21/5 (OH-Mb*) */5 11/5 11/5 Mm 25/s U4N 24/5 MM (/I MM IJ/| MM 27/1 MM 4/J MW 13/7 MM 22/7 p •> Uli »>\il NtPtllNt (UNCUS PM I ID ItINAS SHIA
      472 words
    • 403 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BULDMG 55. Market Street Sin(apore 0104 Telephone Numbers *****33 (15 Imes) Cable Address SMSOV SMGAPORE Telex Numbers RS ***** RS ***** RS ***** P KQJNC PENANG /s 2Si?^ Flo0 JS® m THa l27 s,re 5 wSTww MWOH nmm Tel 62<M4 6? a!/
      403 words
    • 78 25 K&S LINE JAPAN STRAITS SERVICE SANKYO LINE (S) PTE. LTD 37 Somerset Road #06-01 Ng Tec* Yhee Birtg S pore 0923 Te» 235 8444 4 hn#s) P. »r• Plj'if J.pj SfTippmg S«l* Rhd T ppnjng Miiavsm Tr.ifff Khl tfl p Paw btkiang Mala* sun Ship(<if»f; f V H»v TH o;
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  • Page 26 Advertisements
    • 378 26 tiff REGIONAL CONTAINER LINES TO BANGKOK (4 WEEKLY SAILINGS) SMGAPORE SEA DRMON THANA MM SEA DRAGON PITA DHUM ■ryi.rifrfTUl EE2BEEEI [33ESSI Q521E252E1 BE2L3IMI hi m rrgrnw crm Ml "HHi'tlß TO SOUTH THAILAND rm rrm wrm MALACCA STRAITS FEEDER SERVICE TWICE MEEKLY TO PENMK/NEEKLY TO P.KELANG/FORTNKHTLY TO BELANAN imm H I
      378 words
  • Page 26 Miscellaneous
    • 174 26 Regional Weather I t. Va x\ >• n L* SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c/* Wind direction with speed m knots Wove height LEGEND: R Thunderstorm Temperature c /C\ A Weather Wmd direction with speed in knots Ro,n Wave height Cloudy Sky Surfoce winds are
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  • Page 27 Advertisements
    • 74 27 i n.'i'"'afrtirf II 'ifiPHPTI ii J.imm 11 r iPiri 11 J' ■fTTTTTM rttzmnmnmm ll.i -JK't■ F7TMf*W FAR EAST/EUROPE CONTAINER SERVICE miTMiT FROM: EUMFI *a mrfm i P"tb [U PHI cm M.SO ACCEFTM6 FOR: wrmMjwnE. uk. no, caremMEn, osio ALSO ACCEfTW FKM EUROFE: mm, cot, m. iimer, o&o. cm mrhus ALSO
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    • 185 27 'NTFPNATIONAL TFS tA.f: TO^9KOWQ TF» VOY 103 TFS VOY 104 TOHAMBUWO TFS VOY 087 TFS VOY A3B TFS VOY TOO Eta Pan 10/5 24/5 Eta Pan 22/8 ELUWO Eta Fan 20/5 Eta Rdm 27/8 Eta Syd 27/8 Eta Kaa 28/8 TRANSOCEAN (Mi SDN. BHD COLUMBUS LINE REEDEREI GMBH A 't
      185 words
    • 77 27 Scan Dutch V TO RED SEA-MEDITERRANEAN TO HONG KONG-TAIWAN-JAPAN-CHINA* FEEDER VESSEL riK Mta*/1K N. Hi ■>! i /21 i p«HMi/ns FROM EUROPE S) M*SEILLES 4) R-OAM 1) OVUM 2) H'BORG 3) BHAVEN N. In/in litaii/l» Inan/m R Hakna/255 1 Nnu/?1S FROM JAPAN-TAIWAN-HONG KONG FROM RED SEA-MEDITERRANEAN OFFICE BOOKINGS TERMINAL CFS
      77 words

  • Page 28 Advertisements
    • 358 28 << qs- v ss/y HI Mitsui OS K Lines Ltd CONVENTIONAL/SEMI-CONTAINER AFRICA'S NEDLLOYD MOJI 15 May Mombasa. Daressataam AFRICA MARU 26 May Port Louis. Reunion ATLAS MARU 2 Jun Mombasa, Daressataam. Tanga HIMALAYA MARU 12 Jun P. Noire. Abidjan. Monrovia. Apapa. Warri, +Lome, Tema Remarks Sub inducement. HAYAKAWA MARU 29
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