The Business Times, 29 May 1986

Total Pages: 26
1 26 The Business Times
  • 11 1 BUSINESS TIMES M.C. (P) No. 192/12/85 THURSDAY, MAY 1986 75 CENTS
    11 words
  • 688 1 DEVELOPERS who have started projects can now escape paying further development charges if they scale down their original plans. To qualify for relief, developers must agree to finish their buildings at the existing stage of completion rather than conform to the original
    688 words
  • 511 1  -  By ALVIN TAY BUOYANT refining business has prompted two major local oil companies, Caltex Operations Ltd and BP Singapore, to tap the capital market for fresh funds worth $100 million each. DBS Bank is the lead manager for the Caltex's issue,
    511 words
  • 403 1  -  Seven local companies form consortium By ELAINE KOH SEVEN local software companies have formed a consortium to tap the world-wide international information technology market, estimated at US$5OO billion last year. The consortium, called Software Technologies Singapore Pte Ltd (Softec), is made up of five private
    403 words
  • 233 1 SCATTERED PROFIT-TAKING in the afternoon pared some gains but share prices finished higher for the fifth consecutive trading session yesterday. Trading was active with 18.56 million shares worth $30.29 million changing hands compared with 16.03 million units valued at $22.14 million on Tuesday. Rises
    233 words
  • 307 1 Reuter POLITICIANS and officials reacted cautiously yesterday to the dismissal of Thai army commander General Arthit Kam-lang-Ek. Officials told reporters not to expect a public explanation of the reasons for the unprecedented sacking of the military chief by Prime Minister Prem Tinsulanonda on Tuesday. Officials
    Reuter  -  307 words
  • 108 1 A COMPUTER COMPANY, second only to IBM, has been created with the takeover of Sperry Corp by Burroughs Corp. As the Burroughs-Sperry combination takes on the world's number one, the battle is likely to spill over to Singapore where all three have a presence.
    108 words
  • 246 1 SOFTEC's immediate target is bilateral business cooperation with China. Twelve representatives from the consortium are preparing to visit China from June 4-17 in a mission organised by the National Computer Board (NCB) and the Singapore Federation of the Computer Industry (SFCI). While in China,
    246 words
  • Page 1 Advertisements
    • 74 1 Cassette Receiver H2 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone, *****22 Kuala Lumpur: Ptione *****3 i: Phone. *****5/*****1 Jakarta: Phone. *****5 2 Mugs of Draught Beer Only $s++! DURING HAPPY HOURS. ■■I 111 ■■I 1111 Qlsimply order any dfink.* We will serve you another on the house! Happy
      74 words
    • 295 1 Cowec re-examined TIMES HAVE CHANGED. The government has liberalised the use of the CPF money, the employer's contribution has been lowered and the economic recession has narrowed investment opportunities. Is Cowec, or the Company Welfarism through Employers' CPF Contribution scheme, introduced several years ago as an instrument to promote better
      295 words
    • 16 1 Mors (totalis, Pago 13 Int'l stocks, 10 Asian stocks, Pago 11 Details of iMrgw, Pag# 10
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    • 130 1 Kodenstock Quality before your eyes Shipping Timaa comti m a saparata aaction today. Maka aura you gat your copy Hongkongßank opens the doer to business opportunities in China. Make inroads into China with the help of Hongkongßank's "China Desk n Our ties with China are more than a century old.
      130 words

  • HOME NEWS
    • 299 2  -  By LEE HAN SHIH MORE AND MORE money is changing hands over the counters in pawnshops and indications are that last year's record billion-dollar volume of business will be broken this year. In the first three months of this year, pawnbrokers received
      299 words
    • 154 2 THREE NEW CATEGORIES have been added to this year's Tourism Awards. The new awards are for "Best Night Entertainment Spot", "Best Tourist Guide" and "Store of the Year". These are added to the existing seven awards "Excellence in Service Hotels"; "Most Creative Stopover Programme: Airlines"; "Best
      154 words
    • 209 2 THE ROYAL COLLEGE of Physicians, Edinburgh, will accept a number of postgraduates for specialist training in medicine annually under an agreement signed recently. The Memorandum of Understanding between the college and the Ministry of Health was signed on Tuesday at the Ministry of Health headquarters at Cuppage Road.
      209 words
    • 292 2 ROBERT CHUA WEE SENG has been appointed the vice-president of Shearson Lehman Brothers. Mr Chua, who was formerly with Merril Lynch International A Co, will provide financial services in stock, commodities and options in his new position. He will also oversee the development of special projects and
      292 words
    • 343 2 DUTY FREE SHOPPERS, the company which won the Changi Airport duty-free concession from SIA subsidiary Singapore Airport Duty-free Emporium (SADE) last July, is forecasting turnover lower than that earned by SADE in its last full year as operator. Duty Free Shoppers
      343 words
    • 66 2 THE FINAL day of the Asiatex *86 exhibition on Tuesday saw a total of $2 million in confirmed orders and over $1 million in pending orders. Eighty-six companies from 16 countries took part in the exhibition. A range of specialised garment and textile equipment were on
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    • 751 3  -  I 3 Pn By BOEY KIT YIN AUTOMATION cuts costs, improves quality and helps boosts sales which pay for the investment. This is what smalland medium-sized enterprises (SMEs) are often told. They have been hearing this since the early 1980s when the government
      751 words
    • 232 3 (Chinese) 4k o/r f>J W &#"ci §g*®T* is&fch ftbfn W «IS I* 1" it #J 7f:%ffitf]f&%; ffS'J £4k:friS M 1984¥ *»it *13)1 850 tttiSAft mWc tt ft m HSLft *tJ« tit i±m& > wmmv r*auM *tmwt T* o M. 1981M84«f- KB N•& i 5 &t£ ft Efilj' fflifS* o #£££>*£*£#
      232 words
    • 651 3 THIRTY-SEVEN categories of made-in-Singapore products are subject to tariff quotas and ceilings this year under the European Community's Generalised System of Preferences. The affected products range from electronic goods to fashion accessories. Last year, Singapore exported $1.04 billion worth of
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  • Page 2 Advertisements
    • 149 2 BOMBAY on AIR-INDIA'S EXECUTIVE CLASS Wholesome, fresh, sumptuous and all you can eat. there is nothing more nutritious and better value for lunch than the QtUla and Qt&ena at Baron's Table. Whet your appetite with cold cuts like smoked salmon, fresh oysters and ham, accompanied by crisp salads and a
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    • 8 2 WORLDW/DECOUR/ER Changing the way the world does business.
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  • Page 2 Miscellaneous
    • 1201 2 w (md mm THE SILK ROAD Tho Other 811k Road Soviet Union) Spin, Channel 12 This episode explores the other Silk Rood. Located in the Soviet Union, it was a road that followed the northern shore of the Caspian Sea and then crossed the Caucasus Mountains. This episode also features
      1,201 words

  • Page 3 Advertisements
    • 108 3 Daily toNew nk. Now United has an even better flight schedule across the Pacific to New York. You can fly United's Friendly Skies to New York any day of the week, via Hong Kong and Tokyo or San Francisco. And when you're ready to move on, we can fly you
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  • ASIA-PACIFIC
    • 494 4 US, Japan to cooperate in stock market inquiries NYT THE US and Japan have jointly announced their intention to share surveillance and investigative information in cases relating to securities fraud, such as the manipulation of stock prices and insider trading. The accord, made public
      NYT  -  494 words
    • 136 4 AFP THE US International Trade Commission has boosted duties on microchip imports from some Japanese companies, accusing them of "dumping". On a four-two vote on Tuesday, the commission boosted the import duty by between 11.8 and 35.3 per cent on 64-kilobyte chips for use in
      AFP  -  136 words
    • 76 4 NAZI HUNTERS are starting a postcard campaign to exhort President Ronald Reagan to bar former UN secretary-general Knrt Waldheim from entering the US. Tbe Simon Wlesenthal Centre, the world's premier Nazi hunter, Is dis- tributing one million postcards to the agency's members, synagogues and public
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    • 178 4 Reuter AUSTRALIA has passed new laws to curb piracy of video and other recordings. In another development, the House of Representatives passed a law yesterday which will deny automatic Australian citizenship to children born to visitors and temporary residents. Parliament on Tuesday night unanimously approved
      Reuter  -  178 words
    • 442 4 Reuter THE US ADMINISTRATION is considering plans for an international monetary conference to develop ideas on greater monetary coordination among industrialised countries discussed at the Tokyo summit. Beryl Sprinkel, the head of the President's Council of Economic Advisers, told reporters at the Lugano International
      Reuter  -  442 words
    • 148 4 AP SAUDI ARABIA, disenchanted by the reluctance of the US Congress to sell defensive weapons to the country, could turn to East Bloc countries for missiles. "The kingdom is not particularly concerned over the current controversy over the (missile) deal," a confidante of Saudi
      AP  -  148 words
    • 407 4 AP THE INVENTOR of the newest game in town says deposed Philippine president Ferdinand Marcos should relax, forget his troubles and re-play the revolution that sent him into exile. Former detergent-maker Abe Clemente, a Marcos loyalist himself, is urging losers in the Philippines's February revolution to
      AP  -  407 words
    • 353 4 UPI PRESIDENT Corazon Aquino opened the first conference between labour, management and government under her administration yesterday, appealing for industrial peace to help lift the Philippines from a severe economic crisis. "This is our only country and it needs you to
      UPI  -  353 words
    • 273 4 Reuter PAKISTAN is on the threshold of becoming a middle-income country and the fight against poverty is high on its economic agenda. A Finance Ministry survey for the financial year 1965/86 ending June 30 has reported an "exemplary economic performance" during the period
      Reuter  -  273 words
    • 191 4 AFP FREE MARKET SALES in China in the first quarter of this year were 48 per cent higher than in the same 1985 period, the China Daily said. It gave no figure for s»les in the period, but said sales last year by the
      AFP  -  191 words
    • 802 4 ARRIVALS Operator S«nricc Local From number time SIA SQI17 0005 KUL LUFT LH688 0010 FRA/DXB UA UA805 0010 JFK/SFO/HKG RBA BI443 0330 BWN MAS MH681 0820 KUL MAS MH8II 0910 PEN MAS MH671 0920 KUL SIA SQI 03 0950 KUL AC AC858 0950 YYZ/LHR/BOM CPA CX710 1015
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  • Page 4 Advertisements
    • 86 4 £L as Wftxb** o» w ik?e^ Choose from WM Kampachi s exquisite KAMPAcfff Japanese Set Lunches Japanese Restaurant Tftc lofty prices and unfamiliar assortment of \apanese cuisine are common deterrents to many a diner. AI the Kampachi, we are glad to offer you 6 different sets of lapanese lunches Priced
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    • 171 4 I I l| \I I if 11 I Every Tuesday, Thursday, Saturday and I I VI I VI VI \l Sunday. Leaving Changi Airport at M Jy JyyJ- 1 22:05 hours and arriving at Heathrow 3t 07:05 hours the following morning. Call Air Canada at *****55 or your Travel Agent
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  • Page 5 Advertisements
    • 68 5 The only Card that can promise you a base, a welcome home away from home in over 1300 offices around the world. The only Card youll ever really need. For an application, call 732 2244 HHI The American Express* Card. Don't leave home without it. VMFRK W EXFKESS* HAS A
      68 words

  • REST OF THE WORLD
    • 476 6 AP AFP AFRICAN NATIONS asked industrialised nations on Tuesday for at least US$BO billion in a new aid and debt relief at a special session of the UN General Assembly called to consider the continent's economic crisis. President Abdou Diouf of
      AP; AFP  -  476 words
    • 170 6 AFP THE WHITE HOUSE has announced that the United States would respect, for the time being, the Salt-II treaty on limiting nuclear arms. But US conduct in the future would depend on the behaviour of the Soviet Union and
      AFP  -  170 words
    • 367 6 UPI SOVIET LEADER Mikhail Gorbachev has promised Libya's second-in-command help in strengthening his nation's defences, but issued a veiled warning against terrorism that could be used as a "pretext" for "imperialist attacks," says Tass news agency. Coming six weeks after the US bombing of
      UPI  -  367 words
    • 356 6 UPI THE SOVIET UNION has announced a new crackdown on bribery, black marketeering and waste that provides for two years in a labour camp for a farmer caught beefing up cattle with cheap bread meant for human consumption. The anti-corruption decree issued on Tuesday by
      UPI  -  356 words
    • 205 6 Reuter SCIENTIFIC EVIDENCE shows that non-smokers regularly exposed to tobacco smoke run about twice the risk of lung cancer as other non-smokers, a US congressional agency report said. The non-partisan Congressional Office of Technology Assessment said on Tuesday that those who
      Reuter  -  205 words
    • 111 6 AFP THE NUMBER of job-seek-ers in the European Community (EC) dropped 360,000 in April to 16 million, the community's statistics office, Eurostat, reported in Brussels on Tuesday, citing seasonally adjusted figures. In raw figures, unemployment fell 2.2 per cent from March to April. Over
      AFP  -  111 words
    • 524 6 NYT THE TWO HUNGRY DINERS sat down, turned expectantly to a flickering computer screen on a nearby stand and began studying the latest quotations. The news seemed ominous. Making money would not be easy in today's luncheon market. The scene was La Connivence, a small
      NYT  -  524 words
  • Page 6 Advertisements
    • 198 6 If you've always thought of a flight as something to be endured, we invite you to read on. Thai has covered a lot of mileage to make flying the pause that refreshes. And especially so if you're a business traveller. For a flying start, we have Royal Executive Class. On
      198 words
  • Page 6 Miscellaneous

  • BANKING AND FINANCE
    • 971 7 Reuter SINGAPORE THE US dollar yesterday closed mixed against most major currencies after fluctuating within a narrow range throughout the day in quiet trading. The dollar closed slightly lower at 2.2735/45 marks against New York's 2.2750/60 but unchanged at 168.85/95 yen. Dealers said trading activity was also dampened
      Reuter  -  971 words
    • 359 7 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet trading. Dealers said the market lacked fresh factors and is awaiting the release of US April leading economic indicators today and merchandise trade figures on Friday. Short-dates were steady to slightly lower initially and remained unchanged
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    • 242 7 Interbank rates at 3pm yesterday: Currenctoe Nominal 1 rate* Smttheonian Bid Otter i croaa parity change Locol dollars to one unit of foreign currency: U$ dollar 2 2255 ***** 2 8196 -21 07 Sterling pound 3 3504 3 3542 7.3469 -54 40 Austrobon dollar 1 6056 1 6086
      242 words
    • 415 7 BA Futures SEPTEMBER EmrMtoUar yesterday gapped three ticks higher than Tuesday's close to open at 93.06 in Simex following expectations of aggressive addition of reserves requirement by the Fed in the near future. Trading remained quiet and sideways with the market lacking further direction due to the absence of
      BA Futures  -  415 words
    • 277 7 HONGKONG: GOLD yesterday closed steady in fairly thin and dull trading in the absence of fresh factors. The metal ended at U*****.45/75 an ounce compared with New York's 341.30/80 close and the 341.20/50 finish here on Tuesday. On the local market gold rose HK$ to close at U553,175.50 a
      277 words
    • Article, Illustration
      129 7 THE OVERNIGHT rate on the Singapore interbank money market remained unchanged from Tuesday to close at 5 per cent yesterday. The term rates remained unchanged. The mode also re mained unchanged. Mcates the averafe of ttw prime tondnf rates of 12 major banks operatinf in Sniapore S$ Interbank
      129 words
    • 461 7  -  By ELAINE KOH THE ASIA Commercial Bank (ACB) group saw a turnaround in its after-tax profit to $780,000 last year compared with a loss of $6.2 million in 1964. But at the bank level, ACB's net profit saw a drop to $860,000 last year,
      461 words
    • 300 7 Reuter HIGHER PRICES, faster economic growth and the need to hold down monetary expansion mean there will be little scope for any marked fall in West German interest rates over the coming weeks and months, the Association of Cooperative Banks (BVR) said.
      Reuter  -  300 words
    • 156 7 Reuter FURTHER REDUCTIONS in Italy's official discount rate are highly unlikely in the near future after Monday's surprise one-point cut to 12 per cent from 13 per cent, foreign exchange dealers said. The reduction, which became effective on Tuesday, followed a one point cut
      Reuter  -  156 words
    • 160 7 OVERSEA-CHINESE Banking Corporation will start branch business in Australia today. Bank of Singapore (Australia), will conduct business from its head office in Melbourne and its branch office in Sydney. An OCBC statement released last night said: "The bank is pleased to announce that it
      160 words
    • 226 7 UPI CHASE MANHATTAN Bank in Hongkong has introduced what it called a "sophisticated and elegant" retail banking service catering to the needs of its most prosperous customers. The "Golden Circle" service, the first such project in the Asian-Pacific region, pampers customers who deposit
      UPI  -  226 words
    • 209 7 TWO SINGAPORE merchant banks and six other banks have arranged a US$5O million certificate of deposit (CD) underwriting facility to the London branch of Thai Farmers Bank. The two are Daiwa Singapore and Standard Chartered Merchant Bank Asia, which are among
      209 words
    • 354 7 NZI Corporation, the fast expanding New Zealand financial services group, is looking for more business opportunities in Singapore. "We are planning a higher profile in Singapore. We are taking a long term view," said chairman Sir Alan Hellaby who was in Singapore
      354 words
    • 161 7 AFP JAPAN'S net investments in foreign bonds reached an all-time high of about US$ll billion in April, led by institutional investors, including life insurance firms and trust banks, the Nihon Keizai newspaper reported on Tuesday. The economic journal also said the uptrend was continuing
      AFP  -  161 words
  • Page 7 Advertisements
    • 124 7 MADRAS on AIR-INDIA'S EXECUTIVE CLASS Simply First Class Where You Are The Maharajah ih=HM:M=i SUPER VALUE PACKAGES FOR THE BUSINESSMEN CUM PLEASURE TRAVELLERS WORLDWIDE HOTEL RESERVATIONS First Class Hotel at contracted rates from $36 per person per nite Malaysia Hotel from $17 per person per nite I USA AS U
      124 words
    • 79 7 ~7~ I F YOU WANT TO IGO TO MILAN. TAKE THE LIFT UP TO THE 6TH FLOOR AT CENTREPOINT. AT THE GIOVANNIMILAN FURNITURE FAIR. YOU'LL FIND THE VERY LATEST SELECTION OF FINE ITALIAN FURNITURE AND LIGHTING YET TO BE SEEN IN SINGAPORE. AT THE MOST ACCOMMODATING PRICES IT'S ALMOST LIKE
      79 words

  • FEATURES
    • 534 8 "ISRAEL IS REAL" read a T-shirt worn by a man on a bus recently. It was a tragic pun. It is not easy for a country to accept that certain other countries simply try to wish its reality away, and the fact becomes tragic
      534 words
    • 1551 8  -  Survival hinges on attractiveness of benefits New factors such as the more liberal use of the Central Provident Fund money and the economic recession have affected several of the companies which agreed to join Cowec or the Company Welfarism Through Employers' CPF Contribution.
      1,551 words
    • 680 8 letter to the Editor Dear Sir On Dec 13,1985,1 wrote to Business Times pointing out that there was heavy selling of Pan-El in the second quarter of 1985. From the share register, it now appears that there were substantial numbers of shares registered out
      680 words
  • Page 8 Advertisements
    • 107 8 50... YOU THINK YOU KNOW ALL ABOUT Business MCIPUI KB va.ll MOS MAY MB MONTHLY M LASS V* THE BUBBLES NEVEB BURST A Mm euritlvei ik divtag late tlw MM i liaiiu I THEN ANSWER THESE QUESTIONS: Are our neighbours facing the same woes as hoteliers here? How does an
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  • Page 8 Miscellaneous
    • 268 8 26 27 CRYPTIC PUZZLE ACIOSS I Something to moke up, in a general sense (6) 7 Dora's in the city (2, 6) 8 Capital of Mah, (4) 10 A nose for hot roe? (6) 11 The thna you take exception to (6) 14 Name abbreviated the French way (3) 16
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    • 414 8 24 Need to sort out the garden (4) 25 h a sandwich f#ef such a mon? (6) 26 A ode around the country (5) 27 She's in when a tod's out, maybe (5) 28 I'm after the redheod from the border (3) 30 Those of the oW brigade s (4)
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  • SPORTS
    • 226 9 AFP MORE TROUBLE is brewing between Australia's top two syndicates to defend the America's Cup following the defection of a crew member. Alan Bond's Australia 111 camp warned in Perth on Tuesday that it would not hesitate to resort to legal action if it believed
      AFP  -  226 words
    • 202 9 Reuter ZAIRE'S only woman golf professional, Annie Exon-Mianda-bu, has withdrawn from this week's Ulster Classic after complaints about her hap-py-go-lucky attidude on the greens. "I am too disturbed to carry on," said the 36-year-old African after learning that her partners had complained
      Reuter  -  202 words
    • 597 9 AP THREE CHEERS for the rouge, blanc et bleu, and shed a tear for the stars and stripes. In both cases, give a bow towards an obscure tennis player named Tarik Benha biles. On a gusty afternoon on Tuesday, with wind swirling the clay
      AP  -  597 words
    • 243 9 AP BRITISH promoter Mike Barrett said on Tuesday that the Frank Bruno-Tim Witherspoon world heavyweight title fight would go on as scheduled at Wembley Stadium on July 19. The bout has been in doubt owing to a protracted television dispute in Britain between the
      AP  -  243 words
    • 735 9 Agencies WITH THREE DAYS to go before the most anticipated sporting event kicks off at the Azteca Stadium in Mexico City, the prophets are at it again. Crys-tal-gazing, that is. The latest to lend his thoughts on how the 13th World Cup will turn out is
      Agencies  -  735 words
  • Page 9 Advertisements
    • 649 9 THE TiSTEOFCHIM IN" SINGAPORE REI.I\ I THE MAGNIFK ENCE ()l ANCIENT CHINA AT Till: AWON GARDENIS Till: WESTIN VIA/A HOTEL SAVOI R TIM SI M OR DELICATE CANTONESE CUISINE WITH THE SOUND OF RIPPLING WATERS I ROM AN I NIX H)R WATERFALL. UNDER EXQUISITELY ETCHED CIASS CEILINGS IN AN ATMOSPHERE
      649 words
    • 0 9 &;}$'(,"$'`:>*`_~/.(*[~::?'^/.{
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  • INTERNATIONAL STOCKS
    • 396 10 NYT TWO OF THE WORLD'S largest computer makers, the Burroughs Corp and the Sperry Corp, have agreed to merge in an effort to create the industry's most potent competitor to the International Business Machines Corp. Under the long-antici-pated agreement. Burroughs will acquire Sperry
      NYT  -  396 words
    • 116 10 Reuter MERCHANT bankers Morgan Grenfell Holdings Ltd said on Tuesday it plans to go public with an issue of 32 million new ordinary shares as soon as practicable after approval is sought at a special shareholder meeting called for June 17. The offer for sale
      Reuter  -  116 words
    • 326 10 Reuter THE WALL STREET stock market on Tuesday piled up big gains for the third session in a row and ended the day just under its all-time highs. The stock market's rise shadowed an upsurge in bonds, and also reflected a decline in
      Reuter  -  326 words
    • 113 10 MAY 27 Abrtitx c$ 24* mco ln« Pro* Pipe Kj Intl 17* 43* 21* 16 41* 13* 3* 32* Mc BkxJd 33* 14* Bei Canada 39* unch unch Moore Cp 35* +1 Norando In 17* Northgate Exp 4* Pancan Pet 27* Coring O'Keefe 14* p Cmbl Rd Lk 20*
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    • 192 10 MAY 27 land Trust Bk 135 unch Un Steel 60 unch INDUSTRIALS Wooltru 1400 unch A Alpho 1000 unch MININGS Abercom 215 unch 1125 4450 15 470 Aim w| h J ***** AMIC 4200 50 By^ooc 1800 t 1800 40 7m >25 2875 25 17?"W CNA 2505 2500 Cume
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    • 533 10 MAY 27 USJ Feestone Tee 23* 18* NCR Corp 56* Alcan AJurmn 30* FMC Cp 98* >1* 1* Newmont Mng 47 AJcoo 38 22** Freeport Mnri 19* 50* Freuhouf Cp 38* Akd Stores Afcs-Chalmers 46* 5* 1 1 1* 1* 1* unch GAF Cp 35* Ohio Edson Ofn
      533 words
    • 878 10 Amsterdam MAY 27 Fk ABN 582 00 7 109 30 -07 Ahold Akio 8160 -I.I 172 10 -21 153 30 0 3 AMEV Amro Bonk Au Stod 84 20 -16 111 40 48 126 00 -0 5 27.20 +0 2 Bonutni Buahrman Ten erode 718 00 3 184
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  • Page 10 Advertisements
    • 695 10 4 V;-. I* V KIKP s€K r X"-■ M- <r=? A k oa ir r/l'% Your chance to become a millionaire during the Malaysian food festival at the Y7_TTT_ During the month of May you can taste some of Malaysia s famous dishes at Furama's Malaysian Festival and get a
      695 words
    • 273 10 London stocks, Pago 15 Sunday family attraction Only $150 or $180 for a table of 10. Two grand 8-course menus for a delightful lunch or dinner treat for the family. Weekday fare (Lunch only) Only $60 for four persons or $90 for six persons. ($l5 for extra person). Two splendid
      273 words

  • ASIAN STOCKS
    • 450 11 HONGKONG: Share prices yesterday closed sharply lower in moderate trading as selling pressure increased. Brokers said the market opened weaker as small investors took profit following Tuesday's land auction. This provided an excuse for institutions to sell as the market had not been able to make any significant
      450 words
    • 270 11 NT 2 32 Koto 28 90 Al Setcere Indus 0 03 Kuochan Dev Lee Chong Yuen 21 40 27 00 0 1 Cathay Com Chang Hw a Bank 31 20 44 80 01 0 1 0 4 Lien Hwo Indus Nan Yo Ptos 13 10 37 20 21 30
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    • 479 11 TOKYO: Share prices yesterday closed at a record high in hectic trading with market sentiment buoyed by a surge in prices on Wall Street and the start of trad- ing for June delivery. The Market Average climbed 86.04 to a record closing high of 16,553.39, surpassing the previous record
      479 words
    • 73 11 MAY 28 Acote Mnng Anglo Phil Oriental B Phd Overseas PMe* B Pic op B PLOT ***** ***** 0 18 +0 163 018 -0005 ::::T5 5O -1.5 A Hoi Coo B 13 0001 unch San Miguel B 42 +1 Seafront 0 0075 unch Bovc Petroleum ***** 80 -0 0006
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    • 402 11 SYDNEY: Sharemarkets yester- day closed firmer as funds from the sale of BHP shares were reinvested into quality industrial and mining stocks. By the close, the All Ordinaries Index had gained 8.0 points to 1208.9 from a day's low of 1199.5 and the All Industrials was up 6.1 to
      402 words
    • 86 11 MAY 28 Bank Seoul Wort 683 -2 Hyundai Coral Hyundot Motor KAL 925 2430 1315 703 15 35 35 -2 Choheung Bk Commercial 0k Doehm Ind 641 693 544 -6 2 4 Yukong Korea Ship 3000 465 1280 75 30 30 Daewoo Corp Doewoo Ind Dong Ah Gold Star
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    • 129 11 BANGKOK: The Securities Exchange of Thailand Index yesterday was up 0.27 point to 129.81. Turnover was 128,425 shares valued at 17.2 million baht. MAY 28 l«ktl Saha Uraon SermstA S«am Cement 107 465 2 4 Asm Fibre Ayudhya divestment Bangkok Agro-tnd 26 25 180 025 -I Sram Citizens Leasng
      129 words
    • 68 11 AFP THE WORLD BANK is to grant China a loan of US$l3O million to finance the construction of a new wharf in the port of Tianjin in the north-east, one of China's principal industrial centres. The New China News Agency on Tuesday cited a bank
      AFP  -  68 words
    • 387 11 FT AUSTRALIA'S biggest takeover offer has closed with BHP surviving Bell Resources's A53.6-billion bid for control. A tally provided to BHP late on Monday night shows Bell with acceptances for only 110 million shares to its As 9 a share partial offer, leaving Bell with
      FT  -  387 words
    • 155 11 AFP AJTNOMOTO of Japan, the world's leading producer of amino acids, posted a net profit of 12.56 billion yen for the fiscal year ending last March 31, an increase of only 5.8 per cent. It also reported near stagnant sales of 450.12 billion yen, up 0.6
      AFP  -  155 words
    • 201 11 Reuter DUTCH STATE-OWNED chemical group NV DSM is setting up a joint venture, Dyneema VOF, with the Japanese fibre producer Toyobo Co Ltd. The companies will hold a 51 per cent and 49 per cent interest respectively. DSM said on Tuesday that Dyneema
      Reuter  -  201 words
    • 85 11 UPI SAMSUNG Heavy Industries has concluded a 10-year contract to export 100,000 lift-trucks to Clark of the US on an original equipment manufacturing (OEM) basis. Samsung officials said yesterday the contract covering the 1967-1996 period is worth USslbillion. Under an OEM formula, Sam- sung will manufacture
      UPI  -  85 words
  • Page 11 Advertisements
    • 137 11 < rjyigp T m tfe /EP For delightful dinners with popular local flavours. Enjoy dinner with popular local flavours. Our "Singapore Delights" Buffet is packed with mouthwatering favourites that will definitely get your appetite going. Buffet Dinner is at S$ 14.00+ per person The Luna Coffee House We've got a
      137 words
    • 112 11 I in V "V All the Sapporo Beer you call for... during lunch or dinner is on the house 1 And that goes for any soft drink or sake between April Ist and June 30th Call 732 1222 ext. 1589 for reservations See you soon Cheers' Ample free parking Century
      112 words
    • 173 11 —Paramount Hotel Where the happy people go -mm 9 a i* m n ■v r VA aa Malaysian Food Festival Buffet Lunch Dinner May 15-31 Adult: $14++ Child: $10++ SPECIAL FEATURE Friday Vogue May 16, 23 &30 Showtime: 1.15pm V LEVEL 4, Paramount Hotel, Marine Parade Road, Singapore 1544. Tel:
      173 words
    • 186 11 MAGICALLY HYATT I*l=l 1+ I 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 daily at Scott's 5.00 PM 7.30 PM The Lounge 6.30 PM 9.00 PM Chinoiserie B.<M) PM
      186 words
    • 198 11 I Pmking M Sichuan Restaurant BTH ANNIVERSARY SPECIALS $88++ (For 4 persons) ABALONE/LOBSTER S«t Menu Braised whole aba lone in oyster sauce Braised lobster in chilli sauce Hot-plate fned chicken Sichuan style Crab meat with Tientsin cabbage Hot sour soup Silver thread roll 1 10% service charge 3% government tax
      198 words

  • RAW MATERIALS
    • 559 12 UPI THE US-OWNED Southern Peru Copper Corp, a tempting target (or nationalists, has survived two military dictatorships and three civilian governments, but (aces strong challenges in its basic busi- Charles Presle, SPCC pres- ident and chief executive, in an interview with
      UPI  -  559 words
    • 93 12 Reuter THE INDONESIAN commodity exchange, Incomex, has extended the delivery periods (or rubber auctioned on the market to five months and provided more days for coffee auctions, its spokesman said. The exchange previously specified a rubber delivery period of up to three months.
      Reuter  -  93 words
    • 354 12 AP THE INTERNATIONAL Tin Council began three days of talks in London yesterday to consider its financial position and long-term future. Delegates to the meeting said they were not optimistic that a positive response would be forthcoming. They pointed out that, following
      AP  -  354 words
    • 113 12 AFP EXPORTS of coffee by producing members of the International Coffee Organisation (ICO) to all destinations during the first seven months of the current season (October 1985-September 1986) reached 40.7 million sixty-kilo bags, the ICO said on Tuesday. Within this total, the
      AFP  -  113 words
    • 244 12 AP THE SOVIET UNION has bought an additional 100,000 tonnes of US corn about 3.94 million bushels for delivery through Sep 30, the US Agriculture Department said on Tuesday. Officials said the sales were reported to USDA by private exporters as required by
      AP  -  244 words
    • 89 12 Reuter THE SEMI-ANNUAL US/Soviet grain consultations under the five-year grain accord is likely to be held in early June, US administration sources said. The US Agriculture Department is expected to announce in the next few days firm dates for the talks,
      Reuter  -  89 words
    • 128 12 Reuter TAIWAN will not buy maize from Thailand until Thai suppliers agree to compensate a US$3.9 million loss stemming from previous purchases, a spokesman for Taiwan's Joint Committee of Maize Importers said. Taiwanese importers will not accept a Thai offer made on May 20 for
      Reuter  -  128 words
    • 316 12 RAS prices in S cents/kg, FOB tn boles NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 171 00 I72 00N 170 50 171 50N Int 1 RSS June 86 170 00 171 00 169 50 170 50 Int 1 RSS July 86 171 00 172
      316 words
    • 105 12 >nts/kg, 1-ton JUNE 86 JULY 86 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 160 50 I62 50N 161 00 163 00N SSR 50 157 50 159 50N 158 00 I60.00N MRELB Buyers Sellers Buyers Sellers SMR CV ***** 218 00N *****
      105 words
    • 171 12 WHEAT FUTURES on Tuesday closed 1/4 US cent to 4-1/4 cents lower in quiet trading on the Chicago Board of Trade. Hedge selling by commercials stifled an early rally and triggered long liquidation by locals. Early buyers were encouraged by possible harvest delays in the bard red winter wheat
      171 words
    • 241 12 SINGAPORE THE MARKET yesterday closed lower with June One RSS buyers quoted at 169.50 cents per kilo, down 2.50 cents from Tuesday. The morning session lost 2.50 cents on long liquidation in quiet trading. Prices hovered narrowly around hinch-time levels in very quiet afternoon trading due to lack of
      241 words
    • 143 12 CMnm Product Exchange Sellers' noon dosiflf price» *n M«y 28 (S$/100 kg). Coconut oil Bulk FOG 48 00 Old drum FOB 6100 New drum FOB 65.00 Copra Mixed (loose) 26 buyers Peppoc Mufttok White FOB NLW 1100 00 Sorowak White FOB foq NLW 1085.00 Sarawak special block FOB
      143 words
    • 168 12 SOYBEAN FUTURES on Tuesday ranged from 1/4 US cent a bushel higher to three cents lower at the close of a quiet session on the Chicago Board of Trade. New crop months were under pressure from favourable growing conditions, as plentiful rain was coupled with mild temperatures through the
      168 words
    • 100 12 Beater THE PRICE sf tia aa the Kaala Lam par Tin Market, KLTM, yesterday finned IS eeats te M 514.44 per Ule ea farther sharteeverlag, dealers said. The market eaeaed at •veralght levels with rtreag Mds sf «7 tonnes tram Japaaeae Interests, bat sellers stayed aa the rtieMaia
      Beater  -  100 words
    • 219 12 MALAYSIAN crude palm oil prices were higher at the close yesterday on continued speculative buying interest, prompted by further rises in palm oil futures. Trading was cautious at the start following an uncertain Chicago soyoil futures close on Tuesday, dealers said. Some covering activity ahead of India's weekly
      219 words
    • 1042 12 Reuter COFFEE ROBUSTA COFFEE futures on Tuesday ended a confused day sharply down from Friday's close with losses of £44 to £76 a tonne, weighed down in fairly thin business by steep losses in New York on Tuesday afternoon. The market held steady throughout the morning on slightly
      Reuter  -  1,042 words
    • 64 12 Bangkok Broken Rice 115 112 (US$/ton«e, FOB) A-l Super A-l Special White Rice C-l Special C-1 Ord unq unq 100% 1st ckjss 100% 2nd class 240 215 Loonzoin Rice 100% 3rd doss 210 100% 1st grode unq 200 195 100% 2nd grode 210 5% 10% 100% 3rd grode unq
      64 words
  • Page 12 Advertisements
    • 133 12 W I IM A The Mitsubishi Bank, Limited. Singapore Branch U. 5.530,000,000 Callable Negotiable Floating Rate Dollar Certificates off Deposit No. ***** to ***** issued on 30 June 1982. Maturity 30 June 1987. Callable in June 1986. Notice is hereby given that in accordance with Clause 3 of the Certificates
      133 words
    • 57 12 6 BANGKOK BANK LIMITED SINGAPORE BRANCH U.S. $20,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE 30 JUNE 1987 Pursuant to Condition 3 of the Certificates, Bangkok Bank Limited hereby gives notice that it will repay the Deposits on the Interest Payment Date falling on June 30, 1986. May
      57 words

  • SHARE INFORMATION
    • 4211 13 AFTER continued heavy buying in the morning, investors decided to take some profits towards the end of trading yesterday. Still, share prices managed to close with encouraging gains for the fifth consecutive session with advances leading declines by a near two-to-one margin. Prices had opened
      4,211 words
    • 264 13 SINGAPORE RiMt May 27 May 28 C Proportias 390 +24 IT Compowtt 526 77 529 34 SKonor.-U 232 +16 IT IndKotn *****60 *****39 SPH 665 +15 BTOB/OS +206 +153 DBS 545 +15 BTCAM -7140 -7101 M Hldgs 220 +15 8TO8V -*****1 -*****3 C*T«n 115 +14 ST Indwstnots
      264 words
    • 4376 13 SECTION ONE INDUSTRIAL COMMERCIAL Acmo (I 066 I 08S) (5) I 10 (17) 1 07 (4) 1 09 (2) I.I I (2) 1 06 (2) 1 08 (13) I 07CD Alcorn (0 516 0 52S) (I) 0 50 (I) 0 51 (5) 0 51CRI Amol
      4,376 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 702 14  -  By FLORENCE CHONG A LEANER and stronger Jack Chia (Australia) Ltd is poised to acquire a number of Australian companies as it consolidates its position in Australia. The planned acquisitions, part of a new strategy the company is now implementing, will seĕ the group
      702 words
    • 562 14 PACIFIC CHEMICALS Bhd has decided to shelve the restructuring plans of the company until a later date, in view of the uncertainties in the business environment, chairman Noel Harrs said in his latest annual report. He said, however, that "it remains the company's objective
      562 words
    • 3291 14 INDUSTRIALS Acmo (0 806) (5) 0 80 cd Ajonomoto (2 98S) (23) 3 00 (1) 2 98 (4) 2 96 Amd (3 I OS) Alcom (0 628 0 635) (2) 0 59 (10) 0 60 (I) 0 61 (1) 0 63 (6) 0 62 AISB
      3,291 words
    • 132 14 HONGKONG Hong Kong Index Wednesday 1105 33 Tuesday 1129 30 Week ogo 1116 58 Hang Seng Index Wednesdoy 1777 47 Tuesday 1816 30 Week ago 1794 94 All Industrials Wednesday 1945 7 Tuesday 1939 6 Week ago 1894 3 NEW YORK Dow Jones Tuesday 1853 03 Mondoy Closed
      132 words
    • 66 14 BOUSTEADCO Singapore Limited: 11th AGM at #16-00, Tung Centre, 20 Collyer Quay, Singapore 0104 today at noon. HIGHLANDS ft Lowlands Berhad: 11th AGM at the Rajah Room 3 4, 2nd Floor, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur. Malaysia on today at noon. THE STRAITS TRADING Company
      66 words
    • 291 14 Monogers' prices for Moy 29 Singapore Unit Trust MARA-Bumiputra First B'putro Second B'putro 407 4 12 3 53 3 58 The Commerce 0 76 0 81 Third B'putro 3 22 3 27 The Savings Fund 0 66 0 70 S'pore Prog Fund 0 32 0 34 Fourth B'putro
      291 words
    • 613 14 PROFIT-TAKERS had the upper hand on the Kuala Lumpur stock market yesterday, causing many counters which had put on hefty gains the day before to revert to previous levels. However, there were still some stocks which continued to rise on sustained buying support, causing the market
      613 words
    • 331 15  -  By CHAN OI CHEE AS PART OF an overall marketing strategy, DBS Bank is introducing several back-up services to attract Central Provident Fund investors and to assist existing account holders. It has come out with an information booklet which provides market, earnings and other financial
      331 words
    • 470 15 By HOCK LOCK SIEW THE CURRENT stock market rally, the best seen in a long time, owes itself in no small way to the Central Provident Fund Approved Investments Scheme. Although only a fraction of the estimated $2.3 billion investible CPF funds
      By HOCK LOCK SIEW  -  470 words
    • 334 15 Reuter PROSPECTS for Harrisons and Crosfield PLC's plantation division are uncertain given commodity prices at current levels and world over-production of edible oils. The company was commenting in a statement after announcing a drop in pre-tax profits for the year ended Dec 31 to
      Reuter  -  334 words
    • 72 15 AT THEIR regular monthly meeting this Friday, members of the Singapore Technical Analysts and TVaders Society will inVestigate the opportunities that exist in Simex. The speaker for the day will be Mr Stephen Law, the vice-president and marketing manager of Merrill Lynch Capital Markets. The talk will
      72 words
    • 810 15 SHARE prices yesterday were marked up at the outset after Tuesday's dull performance. Dealers said demand for equities returned mostly on the back of Wall Street's gains to near record highs on Tuesday, with firmer sterling adding to the bullish sentiment. At 0815 GMT the FTSE 100 Index
      810 words
    • 520 15  -  By AMY CHEOK BOTH THE Promet and Bousteadco groups have decided to reduce their exposure in Australia by selling a combined 84 per cent interest in Boustead Promet Australia Ltd (BPAL) for about A 11.44 million ($2.30 million). Promet and Bousteadco have reached
      520 words
    • 500 15  -  By RAMESH CHANDIRAMANI WEARNES BROTHERS LTD, whose shares have been enjoying strong support in the market lately, yesterday released a respectable set of half-year results to March 31, 1906. In spite of stagnant sales, group pre-tax profits were up a quarter to $7.88 million, against
      500 words
    • 159 15 PROMET BHD has replied to a query from the Kuala Lumpur Stock Exchange that it has not concluded any sale of the Teluk Ramunia yard in Johore. The company further clarified that it has not received any warnings from the Johore State Secretary, Datuk Haji Abdul Rahim Ramli,
      159 words
  • Page 14 Advertisements
    • 589 14 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 185 Md IN THE MATTER OF UNITY GEMS PTE. LTD. (In Members' voluntary winding up) At an extra-ordinary general 'meeting of Unity Gems Pte.Ltd., duly convened and held at 10 Collyer Quay, #23-03 A Ocean Building, Singapore 0104 on Friday, 23rd
      589 words
    • 480 14 THE COMPANIES ACT, CAP. 185 KING PORK SINGAPORE PTE LTD (In Liquidation) At a general meeting of KING PORK SINGAPORE PTE LTD duly convened and held on the 22nd day of May, 1986 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to
      480 words
    • 334 14 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 185) AND IN THE MATTER OP TAY CHIN SENG FISHMEAL AGENCY (PTE)LTD. (Incorporated in the Republic of Singapore) (In Liquidation) (Members' Voluntary Winding-lip) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at People's Park Centre, 101—A, Upper
      334 words
    • 198 14 LOST SHARE/STOCK CERTIFICATES The following share/stock certificates/*together with the relevant signed transfer deeds have been reported lost or destroyed Name of Company Certificate No. In Name of No. of Shares/ Stocks *****/64 Tan Ah Lay 4 x 1.000 ***** do 1 1.000 *****0/11 —do— 2x1,000 *****2 do 1 x 500
      198 words

  • Page 15 Advertisements
    • 308 15 IF YOU WANT TO GET AHEAD, START BY KEEPING UP. It's easy to spot the people on the move in business. They're already reacting to the latest developments before others are even aware of them. They read The Asian Wall Street Journal All the business news you need. Every business
      308 words

  • 539 16  -  More goods likely to qualify for duty-free treatment By BOEY KIT YIN THE EUROPEAN Community is to treat Asean as one country in its granting of preferential treatment benefits under its Generalised System of Preferences (GSP) scheme. Since January this year,
    539 words
  • 150 16 WANG Laboratories yesterday signed a definitive agreement which will enable the company to take over the remaining 80 per cent shares of Intercom Inc, a Texas-based intergrated switching systems company. A statement from Wang's local office said Or An Wang, the chairman and chief executive
    150 words
  • 312 16 Bernama THE MALAYSIAN Cabinet yesterday directed all government agencies to assist companies that face difficulties because of the economic recession. Information Minister Datuk Rais Yatim said after a Cabinet meeting that assistance was to be given to companies that were previously successful
    Bernama  -  312 words
  • 142 16 Bernama A TOTAL of M 5361,000 have been collected in tolls at the Causeway since the abolition of entry permits for Singaporeregistered cars on May 1. Malaysian Highway Authority director-general Datuk Mustaffa Ahmad said yesterday that although the average daily collection for the first
    Bernama  -  142 words
  • 320 16 AFP A MEMBER of Malaysian Prime Minister Mahathir Mohamad's coalition has threatened to pull out of the ruling National Front to fight the next general election on its own if not given a "fair" number of seats to contest. Lim Keng Yaik, the president of
    AFP  -  320 words
  • 135 16 Reuter HONGKONG'S Legislative Council yesterday approved a law aimed at tightening control of the colony's banks after several failures. Financial Secretary John Bremridge said the bill would not cure all financial ills but would lay a firm foundation for the colony's economic
    Reuter  -  135 words
  • 495 16  -  NEW WORLD INQUIRY By LUCY NG THE COMMISSION of Inquiry into the collapse of the Hotel New World heard yesterday that there were soft soils in the area immediately adjacent to and near the site where the Lian Yak Building once stood. The
    495 words
  • 175 16 THE PUBLIC Utilities Board yesterday had to show cause why it was represented by counsel (or the whole of the inquiry into the March 15 collapse of Lian Yak Building in Serangoon Road. The PUB has retained lawyer, Mr J Grimberg, to represent it. The head of
    175 words
  • 145 16 Reuter MORE THAN half a million workers downed tools throughout Australia yesterday in protest against delays in wage rises only a day after Prime Minister Bob Hawke warned of hard times ahead for the economy. The "Day of Protest" called by the powerful Australian Council of
    Reuter  -  145 words
  • 110 16 Bernama THE PHILIPPINE government will soon lift import controls on 441 restricted items in line with its programme to liberalise trade and make domestic industries more efficient. Trade and Industry Minister Jose Concepcion said the list of the 441 items to be
    Bernama  -  110 words
  • 91 16 Reuter MORE THAN 3,000 tourists are trapped in Darjeeling with dwindling food and water supplies because of by a protest strike by Gurkha inhabitants campaigning for autonomy in Eastern India. Officials said yesterday these included 200 foreigners stranded since Sunday i when Nepali-speaking Gurkhas rioted to demand
    Reuter  -  91 words
  • 373 16 UPI AN AMERICAN federal judge has ruled that Xerox Corp sold worthless expertise for making military night-vision devices to Taiwanese investors, opening the way for a US$4 million judgement against the US high-tech giant. US District Judge William Gray announced his ruling on Tuesday
    UPI  -  373 words
  • 81 16 Reuter COMEX GOLD FUTURES traded higher early yesterday, boosted by computer fund and dealer buying and favourable currency trends. Values opened higher, inviting light short-covering that helped lift June delivery to a high of U*****.60 an ounce be- fore local selling trimmed it to U*****.30. Silver
    Reuter  -  81 words
  • 62 16 Reuter THE WALL STREET market jumped into record territory quickly yesterday, with share buybacks by leading blue chip companies IBM and Philip Morris giving a lift. The upturn was in its fourth consecutive day. The Dow Jones Industrial Average rose 16 points to 1069, versus the previous
    Reuter  -  62 words
  • LATE FILE
    • 52 16 UPI SYRIA is actively negotiating with the captors of French hostages in Lebanon and is prepared to use force to liberate them. The Syrian Defence Minister, Mustapha Tlass, said in a radio interview broadcast in Paris yesterday that the hostages would be freed "as soon as
      UPI  -  52 words
    • 52 16 Reuter LIBYAN leader Muammar Gaddafi has written to 15-year-old Japanese schoolgirl Hanae Sakai, telling her that he is not involved in terrorist activities. The Japan broadcasting corporation NHK said yesterday that Sakai received the reply on Saturday after writing Colonel Gaddafi a letter seeking world
      Reuter  -  52 words
    • 60 16 AP BRITAIN'S Defence Ministry announced yesterday that it would send its next military satellite into space aboard the European Ariane rocket in 1987, instead of the US space shuttle as originally planned. It said the British astronaut who was to have flown with the
      AP  -  60 words
    • 64 16 AP FRENCH President Francois Mitterrand said he might call for early parliamentary elections but gave no indication when he would do so. In an interview published yesterday in the International Herald Tribune, he said: "I can dissolve the National Assembly, organise presidential elections or
      AP  -  64 words
    • 45 16 AP BRITAIN'S trade balance made a Cl-billion turnaround in April after a record deficit in March. The Department of Trade and Industry yesterday said the current account surplus was £409 million, compared with a deficit of £611 million in March. AP
      AP  -  45 words
    • 27 16 AFP MALAYSIA expressed dismay yesterday over reports that Canberra would stop giving priority to Vietnamese boat people seeking resettlement in Australia.
      AFP  -  27 words
    • 45 16 AFP THE BELGIAN central bank said yesterday it will cut its discount rate by half a point tomorrow from 8.5 to 8 per cent. This will be the fourth reduction since the realignment two months ago in the European Monetary System.
      AFP  -  45 words
  • Page 16 Advertisements
    • 335 16 U.S. $500,000 AND UP FUND'S AVAILABLE NOW! Financing available for new Start-up Business, Established Businesses requiring expansion capital and Real Estate protects. Loans and Guarantees from U.S. $500,000 and up. Bank Guarantees and Letters of Credit with sinking funds also available. Excellent terms, fast service. Confidential applications from Principals only.
      335 words
    • 12 16 EC Mts limit on tofiw GBP goods made in Republic, Pago 3
      12 words
    • 134 16 y. Hear Luis Palau address today's tough moral and social issues. He knows the problems that affect us and presents relevant Christian answers. Do not miss his message. 7.30pm National Stadium Special Features: The 3,500-voice choir Musical presentations Nightly messages will be translated to Mandarin, Amov. Cantonese. Hainanese, Foochow, Tamil,
      134 words
  • Page 16 Miscellaneous
    • 57 16 OTMaaa Outlook for today: Foir, with showers in o few areas in the mom 109. Report for 24 hours prior to 7.30pm 00 Moy 28 ot the oirport Maximum temperature 3i3 Associated humidity 71 Minimum temperature 25J1 Associated humidity 90 Hours of sunshine 6 65 Rainfall'm millimetres 4.1 Rainfall this
      57 words

  • SHIPPING TIMES
    • 159 17 Lloyd's List A TOTAL of 446 million tonnes of cargo was handled by UK ports in 1985, equalling the record set a year earlier. Provisional statistics published by the British Department of Transport and the British Ports Association show that following the
      Lloyd's List  -  159 words
    • 471 17  -  By G DURAIRAJ KONTENA NASIONAL (KN), beleaguered by poor performance, has suffered an unexpected blow to one of its remaining profit centres with the loss of the K Line shipping agency. In an unexpected development, the Japanese shipping line conveyed its decision to terminate
      471 words
    • 229 17  -  By KINGSLEY WOOD A THREE-DAY seminar in Sydney beginning on June 10 will debate recommendations made by an industry task force regarding shipping arrangements in the Australian trades. The outcome could cause marked changes in liner services. Organised by the Bureau of Transport
      229 words
    • 169 17 THE SINGAPORE Association of Shipbuilders and Repairers (Sasar) will take part in Posidonia '86, an exhibition to be held in Piraeus, Greece. Its participation in the five-day event, from June 2 to 6, is sponsored by the Trade Development Board which is working
      169 words
    • PORTSIDES
      • 93 17 Reuter MITSUBISHI CORP has set up four shipping companies in Panama to operate four newly-built 26,000-tonne-class bulk carriers, following a default in chartering contracts by Sanko Steamship Co Ltd. A company spokesman said the ships were among six bulk carriers which Mitsubishi planned to lease to
        Reuter  -  93 words
      • 57 17 Fairplay A JOINT PROJECT in Yugoslavia between the Smederevo metallurgical company and the Smederevo port to construct a new port on the Danube was announced recently. The port will have 500 m of quayside together with two gantries. The first stage of construction will be
        Fairplay  -  57 words
    • 1301 18 PERIOD business again dominated the dry cargo marketon Tuesday, but moderate actvity was noted for coal at generally easier rates, brokers said. Two vessels were booked for coal from Hampton Roads to Rotterdam and Dunkirk at US$3.3O and $3.75 respectively, while a 110,000 long tons from Mobile and
      1,301 words
    • 928 18 NYT THE SCENE was a closed meeting of the Senate Armed Services Committee last week. The subject was the US Navy's strategic home-porting plan to disperse its fleet, expanding old ports and building new ones. And the man on the hot
      NYT  -  928 words
    • 140 18 UPI RESCUE WORKERS have recovered at least 30 more bodies from a ferry disaster in Bangladesh, raising the known death toll to 190. Bangladeshi Shipping Minister Sultan Ahmed said that 40 to 50 more bodies might be trapped in the hold of the Shamia, which
      UPI  -  140 words
    • 721 18 AFP REPORTS that charterers had booked vessels on the time-charter market over the past week for longer periods of time suggested that rates on the freight market would not undergo any further significant decline for several months, according to market experts. But the long holiday weekend in Europe
      AFP  -  721 words
    • 634 18 AB Shpg V 5 Accord Shpg VI 3 Afea Lme VI 3 Anro Service IV 3/4 ANL 1 1/2 APC Line V 4 APL III 2/3 ASCL III 1 Bolt-Canoda Lme VII 4/5 Bolt-Orient Line VII 4/5 Bank. Line V 5 BBS H 4/5 Ben Line Cont
      634 words
    • 254 18 All surveys are conducted on May 20 1966. ASIA Bangladesh: Chalna— 10 vessels operating; Chittagong— 20 vessels operating. India: Bombay— Waiting time of up to 3 weeks; Calcutta— Waiting time of up to 5 days; CochinWaiting time of up to 3 weeks; Kandla— Waiting time of up to
      254 words
    • 220 19 Kingsley Wood BHP has taken delivery of the 229,000-dwt Iron Pacific, the third and final ship in its current Asl2o million newbuilding programme, and the largest twin screw dry cargo ship in the world. Its entry will boost the company's fleet to 17
      Kingsley Wood  -  220 words
    • 295 19 A DECLINE in exports of highvalued consumer goods to China may force some Japanese containerised operators to realign their services. Faced with a dearth of foreign exchange, China has curtailed its imports of Japanese electronic products. "Until this shortage can be overcome somehow
      295 words
    • 243 19 Seatrade Week TWO Prudential Lines Lash vessels have been arrested in New York and a third looked likely to meet the same fate on its arrival from Europe, on charges of nonpayment by several companies. Both the arrested Prudential ships, the Atlantieo and Pacifico,
      Seatrade Week  -  243 words
    • 187 19 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the memlyp lines* ACE (FAR EABT/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang shipping. ANRO (STRAITS/ AUSTRALIA): Australian National Line. Australia/Straits Container Line.
      187 words
    • 403 19 Agencies IRANIAN WARPLANES have attacked a German container vessel in the Gulf, marine salvage executives said on Tuesday. The Gulf-based executives said the raid was in apparent retaliation for an Iraqi missile attack on a tanker carrying Iranian crude oil. They said
      Agencies  -  403 words
    • 454 20 May 28-29 Subsea Defence '86 conference, the applications of commercial subsea technology to the defence industry, Crest Hotel, Bristol. June 2-7 Posidonia, international shipping exhibition and conference, Piraeus, Greece. June 3-5 Power Europe '86, power supply and conversion exhibition and conference, Rhein-Main Halle, Wiesbaden, West Germany. June 5-8
      454 words
    • 6677 24 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.
      6,677 words
    • 721 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Thano Bhum 63N 305.86 0900 S'pore Shpg F1 2200-2300 N2 Asia Star 48A 305.86 0700 Kawasaki F1 2000-2100 Wl Family Ace 7 OB 30 5.86
      721 words
    • 1669 25 The leading shipping lines operating from local ports and their agents. A-B A Top Eninpinn Pit Ltd Some (St AB Shipping Bousteod Shpg Agencies Afeo Line Africon Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceonus ShippmgAgen cies IS) Mutlipor! Sdn Bhd (PKI
      1,669 words
    • 511 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrivol Departure KEPPEL WHARVES Auby K24E SSPL alongside 29.5.86/1500 B'tong Belait K24W SSPL alongside 29.5.86/1500 Equator 2 K22 Thong Soon alongside 29.5 86/0700 Sin Hock Chew K21 Leong Shen alongside 29 5.86/2300 Tomatai Samoa K18 Sealion alongside 29.5.86/1500 Sea SwaKow K16
      511 words
  • Page 17 Advertisements
    • 622 17 CI i.iml hI N »>l U !>t i< n 1.11 OOCL Orient Overseas Go*Lim\ Line STRAITS EUROPE EXPRESS SERVICE lARDME SHPTWG AGfNCES (Reg No 242*4/ OQK) 70 Shenton Way «04 03 Marina House Singapoie 0707 Tel *****11 TELEX NO RS ***** CfS OFFICE IPC *03 079 Tel *****31 and *****37
      622 words
    • 60 17 [ISMDB A REPUBLICAN SENATOR holds the key vote in the imposse over the US Navy's "homeporting" plan. Page II A DECLINE in exports of high-valued consumer goods to China may force some Japanese containerised operators to realign services. Page 111 Index to odvertisers II Shipping Schedules VIII London Freights II
      60 words
    • 1213 17 Available at all DRM# good bookshops My FEDERAL publications ffkOmJ/ THE HEART OFTHE DRAGON FAST TRANSIT TO MIDDLE EAST SINGAPORE/DUBAI 8 DAYS SINGAPORE/DAMMAM 9 DAYS SINGAPORE/BAHRAIN 10 DAYS SINGAPORE/KUWAIT —11 DAYS Penang Vessel Voy I S'pore EXPORT TO USA. EUROPE. MIDDLE EAST. WEST AFRICA ASIA *Smgapore Clown Times •CY 4/6
      1,213 words

  • Page 18 Advertisements
    • 434 18 W Y.S. LINE STRAITS FEEDER I Pacific South West I Pi Feeder at Kao Pacific North Weet Feeder at Kao YAMASHITA-SHINNIHON LINE TRAMS-PACIFIC SERVICES rth Weet I Atlantic/Canada Kao I Feeder at Kobe 111 II li I II ■111 I I i—ll >1 'iMI I Ml"Wi"iwf rTHM I'.hM ti w
      434 words
    • 171 18 -rr^-r rrrn vi^ii Supercarrier Service TO: PANAMA US WC/EC/6ULF E. CANADA CARIBBEAN C. AMERICA rr*7 Mm mm cmtn tar Ma (tU). S Frutcsci IMM SMrta an) Sai Oct* I Ctarttrtw «u Sand CMHU Arvba. Cwacao Bridgetown Ptuhpshiri. Port of Spam Hamilton. Kingston SI Johns. Bass* Terre. Castries fort de Franc*.
      171 words

  • Page 19 Advertisements
    • 887 19 The Straits Steamship Group STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Overseas Containers Limited j cohtmershp services to/from Bangkok ICONTAINERSHIP SERVICE TO UK/CONTINENT Hte| Bra* R'dan M/ 6 M/ 6 29/6 •2/7 04/7 05/7 11/7 13/7 l*/7 U/7 21/7 22/7 27/7 M/ 7 31/7 M/l K/l 07/1
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    • 799 19 NOTICE NOTICE OF REMOVAL WE HAVE THE PLEASURE TO INFORM YOU THAT FROM IST OF JUNE 1986 OUR OFFICE WILL BE AT:62 CECIL STREET #01-00 #02-00, T.P.I. BUILDING, SINGAPORE 0104. REPUBLIC OF SINGAPORE CABLE: YIFUCOSIN TELEX: RS ***** YIFUSIN, RS ***** YIFUS TELEFAX: *****15 TELEPHONE: *****66 (12 UNES) YICK FUNG
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  • Page 20 Advertisements
    • 486 20 Hapag-Lloyd TO CONTINENT/UK EXPORTS Osaka Bar (iiwu Maru Bremen Eipress Kowtoon Biy Mm Mani CMi of EiMw{ti Frankfurt Eipress Tokn Eipress Kitaro Man) Osaka Ban Bremen Eipress Kowtoon Bar Mm Mara City oi Edriwrfti Wand hauta;e to inland destinations in Europe S pare Kebni Penanf leiioesßftao MANGEL LEADER 15/6 17/8
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    • 93 20 m K.Sline KOMi* I* FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ B Member ol (he Ace Consortium im FROM EUROPE VIA SUEZ fl A Member of the Ace Consortium FULLY CONTAINFRISED TO FROM NORTH AMERICA WEST COAST •FW/MOTW* VESSEL KJJ 33E/KWV 33E NC 34E/KWO 62E KCH 2K/Im 471 SSB SSC/FIT
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    • 765 20 M, Hai Sun Hup Co (Pte) Ltd TE L *****06 (20 Lines) TLX RS ***** &RS ***** m I AS I URN CAR I INI R. I I'D. SPECIALIST IN RO-RO HEAVY LIFTS SERVICES WWlfl'l FROM JAPAN Vtutl SRI KOCH V 44 p«t f RtUnf ludni h Nrt 29 May
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    • 481 20 r Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) EVER GENUS 13/7 21// 3/« 5/1 7/1 l/l 1/ also »cceptk ia/Fa t fa/ra to GOTHEMRG UHU COPENMCE* OSLO STOCKHOLM. KL9MU. HKH l/l H/l 21/1 22/1 ZS/I lOWON. SOUTHAATTON MANCIESTEI. TTEHDAM LROPOOI. GLASGOW VM FELIXSTOWE US WEST COAST FAR EAST/RED SEA/MEDITERRANEAN
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    • 155 20 MSI NOSE j MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Sngipare Lotting tar 15/7 B A KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC SPORE PKeUnt Lotting tar: Kyowa Cosmos 7/6 Jayapura, Lae, P.Moresby, Honiara. Kieta, Rabad, Noumea 0. Queen 2S/6 Lae, Rabual, Kieta. P.
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  • Page 21 Advertisements
    • 945 21 PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL MAJAPAHIT GOWA KOTA SINGA SIN JKT SBY SIN HKG KAO *TCH KEE BUS *MUR *HTC VOK KOB KEE Sailed Sailad Sailad 30/5 2/6 3/6 5/6 5/6 8/6 10/6 12/6 13/6 15/6
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    • 830 21 BLC BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTHENT 11/6 25/6 1/7 7 l«/ 7 26/7 3/1 U/l lt/l 2«/« B HAVEN ROAM 20/6 21/6 27/6 3/7 12/7 20/7 21/7 5/1 13/1 20/» 26/1 21/6 4/7 13/7 21/7 29/7 6/1 14/1 21/1 27/1 HAWK 23/6 30/6 6/7 15/7 23/7 31/7 l/l
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    • 616 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD "express semi containership services SINGAPORE TO EUROPE S pore Genu Bftao Le HavreLdn Rdam/RdamH'bwt GANDA BHAKTI' Vl5 KB 6-8/6 3/7 10/7 13/7 15/7 18/7 20/7 S port M>»o Adam/Rdam Hamburt Bremen MATARAM'
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    • 419 21 BOUSTEAD SHIPPING AGENCIES m SITTWAY V 24 AUNGZETA V 393 HTONE TWA V2l2* PAGAN V99N PA AH V9SN V* BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon Spore PKeianf Penang Bangkok 29 May/2 km 30/31 May 7/11 fan 10/11 Jut 12/14 km 3/7 Im 7/9 km BANK
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  • Page 22 Advertisements
    • 914 22 ECUADOR/PERU/CHILE FEEDER Wl MOT** *Sl STOW WIG ASIA STAR *48 AMAIIA *0904 30 Kb* 31 May [j K LINE KAWASAKI KISEN KAISHA. LTD. SPORE KOBE 2 kn If ha GUAYAQW CAIIAO MICA tQUtQtf AFAGASTA S ANTONO *AIPARAISO HU 30 M i Auf S Auf 9 Auf 14 Auf 11 Auf
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    • 429 22 Accepting LCL and containerised cargo** Direct to South Africa Acceptins Containers Only MAriKAAA MAJHj KHT S A VAAL 072 V NEDLLOVD COIOMBO 0823F 13/6 14/1 26/6 27/6 14/7 17/7 KDLLOYD COIOMBO 0422G OSAKA MARU V 0527G HATAKANA MARU 0626G JARCHNE SUPPING AGENCIES (REG. *****4/ OOK) 70 SHENTON WAY #04 03
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    • 780 22 j j a AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contsmsrs PManji l*ei Vessel Spore MHb Frern Sfto Also Accepts RAMOAS *23 I? tun 11 lun 7 tul 5 lul Adel Bris V/ 6 20 kin CMAHDOAS V2O /8 kin 13 lui 21 lul 19 lul Adel Bris IRVS I lul
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    • 637 22 GOLDEN LINE GUAN GUM SHIPPING (PTE) LTD 23. If to* Ajer Street SWGAPOAE 0104 m S343MJ <10 IMS) STRAITS/PERSIAN GULF SERVICE: GOLDEN HAVEN Colombo Karachi Bombay Dubai 4/5 k GOLDEN CUT Colombo Karachi Muscat Dubai 70/2? CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC Of CHINA SEHCOMTAMER/ CONVENTIONAL SERVICE
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    • 463 22 INTRASEA (PTE) LTD.] 10 Anson Road »27 16 International Pia/a Singapore 0207 Tel *****1 1 (10 Lines) BWiBIABMA-LIMM BREAKBULK SERVICE TO EUROPE/UK PHILITRON SHIPPING AGENCIES PTE LTD TEL *****22. (8 LINES) TELEX RS ***** PHILI DOHA. MUSCAT BAM AM HJtOK KOBE KEEL IMC Ml KHMH. HOOQMH AQABA AfIDIAN COTONOU DM
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  • Page 23 Advertisements
    • 667 23 NOL NEPTUNE ORIENT LINES LTD Agents Spore NEPTUNE AGCNCKS PTE LTD Tel No olfice lermmal CfS BOOKWCS *****77 EE EU/AUST TM/SEA *****77 *****22 *****53 OB OMCT LIES *****53 *****42 I Batau HARPER W*A SOU BHD ?***** r Mm, HARPER VWIA SDN BHD *«2«l P l««i HARPER MtA SON BK) *<"2
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    • 383 23 HEUNC-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG, PENANG. BUSAN. INCHON Genet* Wot, it G* PfW fX on 30 5 M I Ovum Hot tO4 S/N SPOM «ra NIS NFPTUFE AGENCIFS PTf l! 0 Tel *****77 *****34 (BooAmtsi ???7MO ??1?0?? (Operations I ????487 7?09?84 (Iffmmil) ??0?4S0 ??0?S04
      383 words
    • 701 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Sinjapore 0104 Telephone Numbers *****33 (15 Lines) Cable Address SINSOV SINGAPORE Telei Numbers RS ***** RS ***** RS ***** P KELAMG M/S SHARKAT WAH SOON SON BHD. IST AND ?NO FLOOfi lUU tinwrm C 4 B NO 1
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  • Page 24 Advertisements
    • 372 24 jgfj REGIONAL CONTAINER LINES TO BANGKOK (5 WEEKLY SAILINGS) SOUTH THAILAND mm m ESS UKI [Ml m nm VESSEL RATANA BHUM PITA BHUM PIYA BHUM PIT A BHUM MALACCA STRAITS FEEDER SERVICE TWICE WEEKLY TO PENANG/WEEKLY TO P.KELANG/FORTWGHTLY TO BELAWAN cm MH nn K7TIFn I'l rrm :'l "J.l'la Abo acceptrf
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  • Page 24 Miscellaneous
    • 198 24 a Regional Weather A K a 1 X* V @s a 3 3L' r i Si m vV 1 >"• 0 3C <£2 §3 *l£ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c cr w Wind direction with speed in knots Wave height LEGEND R Thunderstorm Temperature
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  • Page 25 Advertisements
    • 114 25 MM* MBC AGENCfS K. LUMPUR P. KELANG PENANG P. GUDANG J. BAHARU LJEOSHP SPORE *****88/*****56/*****48/*****93 *****1/4 TDMMAL 3SS3SI/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 *****8/*****8/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE I I 11 ir"«RTinM TO EUROPE FEHW FROM EUROPE VSI 1 9 'if.V FTH W ni ir.:^mnw liiiiQßCMCßlMlZiLjnTiiigßrra lEZBH UE3MIBZMEtSMEUiLkiLIiM»MDf na SO ACCEPT* FOR:
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    • 184 25 Jfg <\E INTFPNATIONAL opcrotor TRANSOCEAN (M) SDN. BHD 6? Weld Ou-iy |Pn<l tir i 10 100 FVn.inq Tf>! *****') Tl. MA***** TFRPG (,u No 04fi?771S A >v\ IA ShRVIC'f OF HAMHURG-SUD' W EXPRESS SEMI CONTAINER SERVICE 10 FORTHBANK VI6S TOANA NUGM VI Gwieral A»»»rif Sinf jpofp To Port Moresby, Kieta
      184 words
    • 53 25 Scan Dutch V TO EUROPE (MEDITERRANEAN-UK-NORTH CONTINENT-SCANDINAVIA) FEEDER VESSEL. PEN 4) HAMBURG 5) GOTHENBURG TO HONG KONG-TAIWAN-JAPAN -CHINA* FEEDER VESSEL VESSEL SINGAPORE HONG KONG FROM EUROPE Mm*/IK I*T«iu/1K N Hwtmn S Ptnwi/215 FEEDER VESSEL P. KELANG FROM JAPAN-TAIWAN-HONG KONG FROM RED SEA-MEDITERRANEAN VESSEL PtRAEUS CBLANCA LISBON AGO LHORN FOS NAPLES
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  • Page 26 Advertisements
    • 346 26 Wj MilsriOSK Lines Ltd AL/SEMI-CONT AINER EAST AFRICA AFRICA MARU 29 May Port Locks. Reunion ATLAS MARU 6 Jun Mombasa. Daressalaam, Tanga APOLLO PEAK 26 Jun Port Louis. Reunion HIMALAYA MARU AFRICA'S MO t r w FULL CONTAINER SERVICES SEE MONDAY. WEDNESDAY, FRIDAY ADVERTISEMENT 12 Jun P. Noire. Abidjan. Monrovia.
      346 words