The Business Times, 16 December 1986

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 TUESDAY, DECEMBER IS, 198« 75 CENTS
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  • 219 1 STOCK MARKET TURNOVER dwindled to one of its lowest levels in the current bull run as investors and punters stayed away from the Singapore stock market yesterday. Share prices finished lower with losers outstripping gainers by a more than seven to one margin. The Straits Times Industrial
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  • 495 1  -  Plans for listing of new company on SESDAQ, say sources By AMY CHEOK THE SEMBAWANG GROUP is planning to restructure two of its member companies with a view to listing the combined unit on the newly established Stock Exchange of Singapore Dealing and Automated Quotation
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  • 468 1  -  By CHUANG PECK MING AS MUCH AS $30 million in venture funds is expected to be invested by a Singapore-based venture capital company next year. The projected capital commitment compares with the $20 million it expects to invest this year. "By the
    468 words
  • 471 1  -  By CHAN OI CHEE FROM PRELIMINARY INDICATIONS, the public's response to Resources Development Corporation's 17.5 million $2.30-a--piece share issue has been enthusiastic. "The ballot boxes are full," and "I heard there are several big applications," best summed up the comments from stockbrokers and
    471 words
  • 144 1 AFP CHINA has since 1980 absorbed US$5.9 billion in foreign investment and approved the creation of 7,300 enterprises using foreign funds, the Economic Daily reported yesterday. State Councillor Gu Mu, who oversees the development of China's open cities, said that the investments had accelerated technological
    AFP  -  144 words
  • 461 1 UPI THE APPRECIATION of the yen has triggered a new wave of Japanese interest in investing in Thailand. Long-established Japanese conglomerates as well as smaller, more specialised companies are increasing their presence in Thailand through expanding old contacts or striking
    UPI  -  461 words
  • 185 1 Reuter SAUDI ARABIA yesterday put forward compromise proposals to make progress in Opec talks in Geneva on raising world oil prices, but rivalry between Gulf War foes Iran and Iraq threatened an accord. Delegates said that new Saudi Oil Minister Hisham Nazer, in
    Reuter  -  185 words
  • Page 1 Advertisements
    • 109 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM in fiair Weaving Si Hair Care Bef of e 'Link' After" Link' SPECIALIST IN HAIRWEAVING HAIRCARE We are inviting all men and women with hair fall, thinning, receding or balding problem to call us NOW and a chance to receive our Expert Advice Free
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    • 308 1 Bracing for empty rooms HOTELS IN HONGKONG are gearing up for a predicted fall in tourists over the next few years as well as an over-supply situation as new rooms are added to the present total. As the competition intensifies, what are the hotels doing to retain their market share?
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    • 8 1 Survey* optimistic about Thai invastmant climata, Paga 4
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    • 130 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Reports on Prime Minister Lee Kuan Yew's question-and-answer session at the NUS forum, Back Page v 1 Shipping Timet comet at a aaparate taction today. Make aura you gat your copy. To be perfectly franc, it's the million dollar question. Pound for pound, every
      130 words

  • HOME NEWS
    • 425 2  -  By MARTIN SOONG THE AIR FORCE is finding that there are fewer good men to choose from for pilot training and those with the right qualifications are likely to be wearing glasses. So it has lowered its sights. From yesterday, Singaporean males with
      425 words
    • 351 2 WHILE COMPUTERISATION at the Ministry of Labour's Employment Service Department has made job matching more efficient, it cannot guarantee success. And although more job-seekers can be entertained now, the number who rejected job offers has not improved and for the same old reasons such as
      351 words
    • 432 2  -  By AMY BALAN THE HOUSING and Development Board has promised to pay market rates for HUDC flats mortgaged to Credit POSB if and when the board decides to buy them back. BT understands that this private undertaking was given by the HDB
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    • 222 2 SINGAPORE'S biggest social club, in terms of membership, will open in February next year. The NTUC Club, at NTUC Annexe, Shenton Way, is open to the 200,000 unionised workers in Singapore. Membership is automatic. Sam Chong Keen, the general manager of
      222 words
    • 446 2 Seminars and courses DURATION Jon 2-23 Jon 3-17 ion 3-24 Jon 5-6 Jon 5-9 Jon 5-26 Jon 5Feb 10 Jon 5Feb 16 Jon 5Mar 9 Jon 12Mar 6 Jon 15-16 Jon 17 Jon 23 Feb 19-20 F«b 23-25 Mar 23-25 Apr 6-8 TITLE Monogement Assistance Programme Financial Monogement Analysis
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    • 507 3  -  By BOEY KIT YIN THE TIMBER INDUSTRY appears to be finally coming out of the woods. In the first 11 months of this year, timber exports recorded a modest one per cent growth over the same period last year. The increase may seem
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    • 659 3  -  By MONICA GWEE THE NEXT two years in Asia will be difficult under almost any scenario and a forced revaluation of North Asian currencies is a possibility. A 15 to 20 per cent forced revaluation of the yen, the New Taiwan dollar, the Chinese
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  • Page 2 Advertisements
    • 142 2 Big corporation?tCTK?w idea! Office space when they see it. That's why SouthpoirU is 94% occupied by major inteJtnalionartanarus. There are fjjw small areas of between 1,000 sq ft and 5,000 sq ft available for lease if you would like.Xo joiif them.. Please contact David Lawrence or Pauline Coh today to
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    • 126 2 A first class hotel at an affordable price. The Shangri-La Inn Penang brings to the heart of Georgetown a standard of service never before seen in Penang. Its 426 guestrooms and 16 suites feature the finest in amenities. And heing centrally located in the heart of Georgetown it is the
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  • Page 3 Advertisements
    • 32 3 Limited Edition. <' I u I n > r k?3 ';V wnu X t fci" A rare and fine gift. Two exquisitely crafted Hennessy X.O miniatures with a 70cl bottle of Hennessy X.O-The Original.
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  • Page 3 Miscellaneous
    • 1030 3 m jffi) BaQQ® !|jp^ inr: I I V! TUESDAY PREMIERE Ordinary People 10.30pm, Channel 5 This film is a cinematic transcription of the best-selling and critically acclaimed novel by housewife Judith Guest. The story revolves around a suburban family, the Jarretts (from left Mary Tyler Moore, Donald Sutherland and Timothy
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  • ASIA-PACIFIC
    • 260 4 Reuter THE JAPANESE government is expected to adopt an expansionary budget in 1987/88 starting on April 1. to help the economy expand and cope with shocks caused by the strong yen, a senior official of the Ministry of International Trade and Industry (Miti) said,
      Reuter  -  260 words
    • 416 4 THAILAND's investment climate has been praised as "the most excellent" in Asia following surveys conducted by the Foreign Chambers of Commerce of Thailand. National Economic and Social Development Board secre-tary-general Or Snoh Unakul disclosed this last week in Bangkok at the Ninth Joint Public/Private
      416 words
    • 120 4 AFP THE JAPANESE government is to increase financial cooperation to help the US pay Japanese who work at US military bases in the country. The step is to be taken in the new fiscal year, starting in April, because of the yen's feharp appreciation
      AFP  -  120 words
    • 316 4 UPI SECRETARY-GENERAL Truong Chinh launched the sixth Vietnamese Communist Party Congress yesterday, blaming Vietnam's leadership for the nation's socio-economic failures. The meeting, titled "The congress of renovation, unity and single-mindedness," is expected to approve broad economic reforms and possibly reshuffle leaders. Mr Chinh,
      UPI  -  316 words
  • Page 4 Advertisements
    • 167 4 TOP OF THE CLASS! Thai's Royal Executive Classhas been voted the Best Business Class in the 1986 Airline of the \ear Awards We admit we had gone to extraordinary lengths for the business traveller. Wider-than-normal seats and legroom. Exquisite linen, fine porcelain, silver cutlery and a choice of menus and
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    • 178 4 Hj "W' Dal I "I'll-! E II I rSn in < ML' ill 1 I,I LiLILLi ll B H ***i *:V ■r: i. Iff MI JL pa ■vK H? M til s *,r ;.J» *tf t m m II i x Br ;i 5 A SZ.?^. uz. Jim A IF
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  • REST OF THE WORLD
    • 626 5 ARRIVALS Op* rat Of Sorvic* Local From numbor tim* 3U GA956 1355 DPS HA SQ956 1355 DPS HA SQ109 1405 KUL MA SQ455 1410 BWN rHAI TG405 1415 BKK/HKT w AY902 1420 HEL/8KK -UFT LH694 1425 HA/BOM (LM KL831 1430 AMS/KW1 3U GA881 1435 LGW/ZRH/AUH rMAJ TG413
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    • 450 5 Reuter PRESIDENT RONALD REAGAN is considering a dramatic personal appearance before congressional investigators in a bid to defuse the growing Iranian-contra arms scandal, says his close friend Senator Paul Laxalt. Congressional officials said yesterday that White House Chief of Staff Donald Regan might be called
      Reuter  -  450 words
    • 291 5 FT PROSPECTS for the short-term development of the Swedish economy have improved with the surprising announcement last Saturday that the Swedish inflation rate is now expected to stay below the crucial level that would trigger a renegotiation of the national wage settlement for 1986/87. The
      FT  -  291 words
    • 290 5 Reuter FEDERAL RESERVE chairman Paul Volcker has urged the US business community to make productive investments to help correct the huge American trade imbalance and called upon all to resist protectionism. Mr Volcker said in a Yeshiva University convocation address yesterday that making paper deals
      Reuter  -  290 words
    • 288 5 Reuter SOVIET INDUSTRIAL output rose by 4.9 per cent in the first 11 months of 1986 and oil production was up on last year, but there was still scope for economic improvement, the daily newspaper Sotsialisticheskaya Industrie said on Friday. Quoting Central Statistics
      Reuter  -  288 words
    • 192 5 AP THE SOVIET UNION will make an early payment of US$25 million to ease the UN financial crisis. The payment will be made this month from the Soviet Union's 1967 budget assessment of US$7l.4 million, according to Soviet UN Ambassador Alexander Belonogov. The
      AP  -  192 words
  • Page 5 Advertisements
    • 153 5 I m \j\ II I The business person's choice, every I I II \I I II II I Tuesday. Thursday. Saturday and I M f I \l I M 1 mI \l Sunday. Leaving Changi Airport at J *-I XJ- 1 22:05 hours and arriving at Heathrow at 06:45 hours
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  • MONEY AND EXCHANGES
    • 462 6 MBT BANK NEGARA has come up with new exchange control requirements which will take effect from Jan 1. This follows the recent announcement by Malaysian Finance Minister □aim Zainuddin that further measures will be taken to liberalise the exchange control regime. The
      MBT  -  462 words
    • 745 6 SINGAPORE: The US dollar and sterling both closed firmer yesterday but overall trading was thin. The dollar rose on short covering and speculative buying but some selling emerged at the higher levelc to trim its rise. Most operators were closely watching the outcome of US Treasury Secretary James
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    • 172 6 Interbank rates at 3pm yesterday: CUfHOCt— •M i rate* 1 ONer hnllh.anun Local dollars to on* unit of foreign currency: US doNor 2.1925 2.1935 2.8196 •22.24 Sterling pound 3.1418 3.1454 7.3469 -57.24 Australian dollar 1.4514 1.4542 3.4286 -57.67 NZ doMar 1.1324 1.1351 3.4286 -66.97 Canadian dollar 1.5904 1.5917
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    • Article, Illustration
      131 6 THE OVERNIGHT rate on the Singapore interbank market closed at 1/2 per cent yesterday, down 1/2 point. The term rates declined 1/16 point each to 3 5/16 per cent. Indicate» Mm average of Vie prime lending relet el 12 me|or benfce In Singapore I S$ Interbank rates at
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    • 301 6 HONGKONG: Gold closed a shade higher in fairly active trading on continued local buying interest yesterday. Sentiment was helped by improved prospects for Opec to boost oil prices by agreeing on output cuts. The metal closed just above the day's low. Gold ended at U*****.80/U*****.30 an ounce against
      301 words
    • 236 6 Asian ASIAN DOLLAR deposit rates closed steady at opening levels yesterday. Overnight closed at 6-1/4 6-1/8 per cent and Tuesday/Wednesday and week-fixed at 6-3/16 61/16 per cent each. Asian dollar CD rates were unchanged at the morning's levels. One month closed at 6.35/25, three months at 6.15/05 and six months
      236 words
    • 583 6 BA Futures MARCH Eurodollars opened 2 ticks lower than last Friday s close but marginally higher than Chicago's closing level. However, weakness in US Treasury-bonds saw the March contract being sold oft to 93.91 on thin volume. The market was quiet but prices remained on the lower end of
      BA Futures  -  583 words
  • Page 6 Advertisements
    • 133 6 The "Secret" To i Great Barbecues r\ N > 1 Discover the secret" of Ovistmas under the stars at the Ninon's delightful rooftop bar and eatery, Tradewinds. Relax and enjoy the gentle breeze as you feast upon a sumptuous barbecue. >>'»*' On both Christmas Eve and Mew Year's Eve, an
      133 words
    • 155 6 A Gourmet's "Secret" irQ Discover the "secret" of Christmas In the grand tradition of intimate hospitality that Is the essence of the Harbour Or ill. On Christmas Eve, you can indulge in an elegant evening of dinner Ot dance, highlighted by an exquisite candlelight dinner with champagne cocktail and the
      155 words
    • 198 6 n Knight Frank heong H<xk hyr liuillkn For Sale PRIME COMMERCIAL BUILDING WITH NAMING RIGHTS Single storey centrally airconditioned building 13 Suitable for offices, clubs, food shops etc Q Area: 24,000 sq ft Recently refurbished and upgraded with the latest phone and computer trunking facilities Excellent location Easy accessibility Q
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  • BANKING AND FINANCE
    • 277 7 MINEBEA INVESTMENT Pte Ltd, the wholly-owned subsidiary of the world's largest supplier of precision ball bearings of the same name, is raising Ssso million through a partially underwritten note issuance facility. Proceeds of the facility, which is lead-managed by United Overseas Bank and
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    • 313 7 Reuter LLOYDS BANK'S decision to pull out of Bahrain makes it the fifth bank to announce closure of its offshore operations in the state this year and could cause other banks to review their role on the island. Bankers in Bahrain said yesterday that
      Reuter  -  313 words
    • 242 7 Reuter US BOND PRICES appear to have more downward than upward potential in the final weeks of 1986 as investors sell to book 1986 profits amid dashed hopes for a quick Federal Reserve interest rate cut. Analysts in New York said yesterday that there may also
      Reuter  -  242 words
    • 212 7 LEADERSHIP has changed hands at the Singapore Forex Association of Singapore (FAS) with Jimmy Tay of Barclays Bank passing the torch to Victor Lam of Midland Bank. Mr Lam, Midland's treasury and forex manager, was elected president at the association's AGM held earlier this month
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    • 302 7  -  By AMY BALAN THE US DOLLAR fixed rate negotiable certificate of deposit (NCD) seems to be catching on in Singapore. The Singapore branch of Tokai Bank has mandated Chemical Sanwa Merchant Bank and two Hongkong merchant banks Chemical Asia and
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    • 359 7 INDIAN BANK yesterday signed a certificate of deposit (CD) issue for US$5O million, the fourth time that it is tapping the international market for funds. The CD, the bank's largest issue to date, is fully supported by a revolving underwriting facility with a tender
      359 words
  • Page 7 Advertisements
    • 203 7 ¥100,000 Emperor Gold Coin Japan's first gold issue since 1932 issued, to commemorate the 60th anniversary of the reign of Japan's Emperor Hirohito V vv_ V 9 In Japan, those wishing to own it, first have to buy lottery tickets and only those I with the winning numbers can I
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    • 153 7 What a way to come home from San Francisco. 0 a m 0 J u i a. N vir *<J-y <s*lS im <• <•{' Vf J J J i' -1" ■Mb s <• IMzH- '1l i i- n l?N °i§'> '"5 *sxl <1 b*" v 1 m .'j ft TIT'
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  • WORLD BACKGROUND
    • 976 8 Government under increasing pressure to build bombs AP AT A LARGE seaside complex surrounded by wooded hills, Indian scientists work on sophisticated nuclear technologies involving weapons-grade Plutonium. enriched uranium, radioisotopes and lasers. Their pioneering research at the Bhabha Atomic Research Centre in Trombay, 15 km
      AP  -  976 words
    • 546 8 Reuter AUTHOR SAUL BELLOW is big in Beijing, the Carpenters' pop songs are hits in Shanghai and the thoughts of American vehicle magnate Lee lacocca are as easy to find as Mao Zedong's on Chinese bookstalls. But like scores of other
      Reuter  -  546 words
    • 822 8 AP TALK ISN'T CHEAP in the European Community. The common market expects to spend US$76O million next year for written and oral translations of the nine languages used in its deliberations. Although only 2 per cent of the budget, the amount
      AP  -  822 words
    • 752 9 AFP JAPAN'S trade partners, angered by the huge trade surplus Japan has built up year after year, should look at the yen figures instead of focusing on US dollar statistics, the country's chief trade negotiator says. "We should
      AFP  -  752 words
    • 905 9  -  Marked improvement expected next year In this article, LEONARD SILK takes a look at the US deficit problem through the eyes of top American economists. The accompanying articles examine the trading relationships between the world's three economic giants and Japan's approach to tackling a workaholic
      NYT  -  905 words
    • 840 9 Reuter EUROPE seems to feel alone and unloved as it gazes over the cold Atlantic at the increasingly cosy Pacific friendship between Japan and the US. With one hand, the European Community offers Japan the benefits of greater closeness and cooperation
      Reuter  -  840 words
    • 752 9 AP A LAW to cut the work week gradually by eight hours could become the Japanese government's first effective weapon against workaholic habits, which have defied other approaches for a decade. But Labour Ministry and other officials predict legislation recently proposed by
      AP  -  752 words
  • Page 8 Advertisements
    • 273 8 1 At Pete's Place, we're like one big, happy family. So when you come, we treat you like guests. In the kitchen, our mama (he's very nice) will make you the finest soup or salad, pizza or pasta, dessert and coffee or tea for just $14 -Our waiters always serve
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  • Page 8 Miscellaneous
    • 45 8 YOU KNOW, Ml KB, THE UIATER (M>IN6OFF7T£C£JLM&MHX/H3OFIUW&J IF YOU Close YOUR MS, YOUCANALr MDSTIMA6tNEdt)H6ONTHE PORCH AFTER A STORM! BY GARRY TRUDEAU MHY...UHY.MR. KLLOUS! WHAT BRINGS YOU ALL THE WAYOUTHERE* THE. TORRENTIAL POUJNPOUR IN THE BOARDROOM. i u m m i IF, •r V* S3 rj
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  • Page 9 Advertisements
    • 222 9 rr V t 1 u y V K-I E Coi'l TH^i i:.t i t«1 12' I 1 i "A foon phases" gents' model by •I a' C'oultre. Automatic movement with complete calendar. Available in SINGAPORE: Robinson's Centrepoint Cortina Watch Centre Nanking Watch Tigress Changi Airport MALAYSIA: C.I.L. Centre Hilton Hotel
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  • FEATURES
    • 508 10 FOR 25 YEARS, Singapore's schoolchildren have stood to attention daily for the flag raising and lowering ceremonies and to sing the national anthem and recite solemnly: "We the citizens of Singapore pledge ourselves as one united people, regardless of race, language or religion Mostly
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    • 1403 10  -  Hongkong hotels, like their Singapore counterparts, are pushing service to fight increasing capacity as new hotel construction adds more rooms and tourism appears to be slowing down. NICHOLAS KRISTOF reports on the scenario which is worrying executives in the hotel industry. NICHOLAS KRISTOF NYT
      NYT  -  1,403 words
  • Page 10 Advertisements
    • 78 10 The Szechuan Experience with the Meisan Difference m x> j 9_v4', V ?4*> 2 Savour the finest Szechuan cuisine; aromatic, spicy gourmet creations in an exciting blend of flavours. And discover SI MEISAN At the Meisan. [3*l fSS\ SZECHUAN RESTAURANT Distinctively Szechuan, Instinctively Metsan Royal &nrc Singapore 25 Scotts Road,
      78 words
    • 240 10 Check out the new computer IBM has just given to Computer Age t -rr f -u, .ivl. frfml N WW 'iJAUJ I <r mm The IBM System/36 PC #IBM has just given the S/36 and PC experts at Computer Age the #IBM has just given the S/36 and PC experts
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  • Page 10 Miscellaneous
    • 49 10 HOu) DID VOU G€T ON BT TMB. BRltfCA6£ HOu) moCM MOM6>/ DID VOU mRKE. SD3PRISINGY UieU-. fiOHC t DIDN'T SeU- R Ty4»NG. f\ LORSOr4mYUJp>VToDROPTHeOMSOtD I I GOODS IisJTO TH£ DUST6IM U)H£M I m£j" j \JHIS PHRN WHO ORREfIED TO IMe. A- —< q i stooPPeD THC LOT FOR. A HANDFUL
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  • SPORTS
    • 497 11 Reuter WITH THE US$2O million support of a group of Texas millionaires and an assortment of major companies. including Cadillac Cars, the New York Yacht Club landed in Australia with high hopes of winning back the America s Cup. But two years work
      Reuter  -  497 words
    • 316 11 AFP FRENCH KISS surprisingly lost to Italia yesterday to draw New Zealand as its semi-final opponent in the America's Cup challenge. The French boat's loss set up an all-American clash in the other semi-final, which will pit Tom Blackaller's USA against Dennis Conner's
      AFP; Reuter picture  -  316 words
    • 238 11 BORIS BECKER won his third straight Young Masters tennis title in Stuttgart on Sunday, defeating Sweden's Jonas Svensson 7-6 (7-5). 7-6 (7-1), 6-3 in the US$l5O,OOO under-21 event. "I was never as nervous as I was before this match," Becker said. "I
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    • 194 11 UPI GARY HALLBERG and Scott Hoch, second-place finishers the last two years, played the final five holes in five-under par on Sunday to rally from a three-shot deficit and win the US$6OO,OOO Chrysler team championship at Boca West. Hallberg and Hoch's four-day total of 37-under
      UPI  -  194 words
  • Page 11 Advertisements
    • 75 11 Play gol£ the Sevvy way Playing from a p/vot mark can upset the best of players especjally AFTER A GOO£> PRiVE... THE WAY TO TACKLE THIS PROBLEM Shot, is to appress the ball w the mipple of the stance, OPEN THE CLUBFACE AN£> TAKE A FULL SWING... ft e Tt
      75 words
    • 305 11 Specifications may be subject to change. IJUXUEY PORTHOSEWHO KNOW THEIR OWN WORTH. The days when you were prepared to The new Independent Rear accept the bare essentials in a car are over. Suspension makes for a smooth ride with Especially when you're prepared to pay the greater stability and straightline-tracking.
      305 words
  • Page 11 Miscellaneous
    • 661 11 CRYPTIC PUZZLE ACROSS 3 A handy joint (5) 8 Stone you don't exactly have to pay for? (5) 10 Water from an oiler? (5) 11 He gets the stick (3) 12 Turn back to a VIP (5) 13 Money on one's head? (7) 15 Something to go and see? (5)
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  • INTERNATIONAL COMPANY NEWS
    • 371 12 Reuter THE CHIEF of Australia's press watchdog body said yesterday he had quit over its refusal to oppose media tycoon Rupert Murdoch's takeover bid for the country's largest newspaper group. Australian Press Council chairman Hal Wootten said the council was unworthy of its
      Reuter  -  371 words
    • 712 12 NYT THE CHRISTMAS BONUS, a time-honoured tradition on Wall Street, is likely to be fatter than ever this year, as the financial industry races to complete its best year ever. In dollar terms, bonuses should be about 20 per cent to
      NYT  -  712 words
    • 331 12 AP THE SALE of the nationalised Samt-Gobain glass and building materials conglomerate was a big success, with private citizens offering to buy 14 times as much stock as was available, the French Finance Ministry said on Sunday. A ministry statement said more than 1.5
      AP  -  331 words
    • 639 12 NYT DENNIS LEVINE and Ivan Boesky. who have settled insider trading charges with the US government, seem only to await sentencing and a chance to get on with their shattered lives. But they and their lawyers are facing another question: will
      NYT  -  639 words
    • 310 12 UPI REGULATORS from 10 countries including Britain, the US and Japan have concluded a secret meeting on curbing financial crime, promising a "better exchange of information" to catch insider traders and other international offenders. The British government convened the meeting prompted
      UPI  -  310 words
  • Page 12 Advertisements
    • 538 12 m mem > id S9 3TS .7 A x—.-. Is tr.P c^l^c(j&me 17 buffet selections daily, with limitless cups of tea and coffee. Try our nonya kuehs. ice-kachang. tau-suan curry puffs, mini pizzas, noodles, pies. French pastries, ice- cream and fruits. If these sound good, theres more Six local favourites.
      538 words
    • 132 12 > V 0 *tr f '9k h > Outstandingly tender performances in many Long Jiang Shredded Beef dishes have made Daisy (pictured above) one of our most popular attractions. (Shredded Beef with Chilli and Garlic Sauce is a particularly hot item.) A prime reason to come for lunch or dinner
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  • ASIAN STOCKS
    • 408 13 HONGKONG: Share prices yesterday closed lower in fairly active trading as profit taking continued. The Hang Seng Index shed 13.80 to end at 2,449.43 after rising some four points initially. The Hong Kong Index slipped 9.86 to 1,557.42. Brokers said selling pressure was sporadic and most prices ended around
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    • 302 13 OffC 15 NT All Sincere Indus Asia Cement Cathay Cons Chang Hwa Bank. Chang Loong Chia Hsin Cement. Chin Hsin Flour China Cham China Dav China Eiact Wire China Quit Plas China Rabar China Steal Chung Hwa Pulp Chung Shing Tax. Far East Dept Far East Tex First Bank
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    • 493 13 TOKYO: Stocks closed lower yesterday on profit-taking due to expectations of a possible Opec pricing agreement. The market average closed 41.70 lower at 18,788.94, but had risen in early trade as high as 18,897.85 on anticipation of year-end gains. On Friday the market advanced 99.39. Declines led advances four
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    • 94 13 DEC IS PESOS Aco|« Mining Anglo Phil Ap«x Mining B 0 024 unch Atlas Con B 21 50 unch Bagi»o Gold Baaic Petrolaum oooe unch Bengual Con B l°2 7 Firat Phil Hldga 8 80 -05 Lepanto B 0.1150 unch Marcopper 1 22 -0 06 Marsteal Oriental B 0
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    • 490 13 SYDNEY: Australian stocks closed steady yesterday in active trading as demand for gold and resource issues offset selling pressure in the industrial sector. Higher bullion prices, speculation the federal government will reject a tax on gold producers, and hopes of higher oil prices boosted demand for resource stocks. At
      490 words
    • 134 13 Dec 15 Won CM Sugor 1830 20 Doewoo Corp 1075 -15 Do* woo Hcovf_ w 1330 und> DooAm tnd 560 25 DotaMn SocuHtiot 4600 350 Dong Ah >26 -4 Dongbu SlooL 1640 -20 Dong Suh Stodi 1940 -19 Cold Star 1830 -20 Hani Bank 985 30 Hon* CowoK 1170
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    • 178 13 Reuter BANGKOK: The Stock Exchange of Thailand Index fell 1.69 to 198.91 on a turnover totalling 1,514,299 shares valued at 260.7 million baht. DEC 1S BAMT Ao Kham Thai Asia Fibra 310 -18 Ayudtiya Irwaatmant 218 -4 Bangkok Aground Bingkok Bink 48 277 0 75 -4 Bank Of Ayudhya
      Reuter  -  178 words
    • 63 13 Reuter THE KUWAITI CABINET has approved a programme under which firms listed on the Kuwait Stock Exchange will undergo a 10-for-one share split. State Minister for Cabinet Affairs Rashid Al-Rashid said the move is to boost share buying by small investors. Kuwait is trying to
      Reuter  -  63 words
    • 383 13 Bernama LIMITED COMPANIES in Malaysia received an income of Msl.3 billion from their investments abroad in 1984 against M 55.3 billion paid out to foreign residents as income for their investments in Malaysia, according to the Malaysian Statistics Department. A survey of 2,954
      Bernama  -  383 words
    • 228 13 Reuter STATE-OWNED Government Life Insurance Corp of New Zealand is selling 74 per cent of its whollyowned finance company Broadbank Corp Ltd to National Australia Bank Ltd. National Australia's shares traded at A 55.60 in Sydney yesterday, valuing the sale at
      Reuter  -  228 words
    • 93 13 Reuter THE BAHRAIN-BASED Arabian Investment Banking Corp EC (Investcorp) said its offer of 200 million 25 US cent common shares was substantially oversubscribed. Investcorp's share offer, which ran from Nov 8 to 27, will boost total shareholders' funds to about US$l2O million at year-end from US$59 million
      Reuter  -  93 words
    • 197 13 Reuter ELDERS RESOURCES Ltd has launched an on-market takeover bid of A 52.55 each for all the shares in oil and gas group TMOC Resources Ltd that it does not already hold. Elders already holds 19.9 per cent of the 61.92 million issued
      Reuter  -  197 words
  • Page 13 Advertisements
    • 159 13 i Mm a* wim, dtiie aai if Start of A New Experience Kinta-Mani Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood. Gado Cado. Sate (Satay). spicy Rendangs. Ayam Goreng. Chendol and more! Tickling your palate with an authentic Indonesian cuisine is only half the experience. The other half is
      159 words
    • 130 13 dftfll S^7So much to choose for only $16.50 A sumptuous spread with many different types of appetisers, hot and cold soups, a salad selection superb pastries, truffles, tortes cheese board, fresh fruit freshly brewed coffee All for $16 50 And for $26 50 you can add a roast or a
      130 words
    • 137 13 Discover a whole new experience r 5«»" TAKE FIVE LOUNGE STEAK HOUSE Level 5 A Celebrated Festive Fare 24 31 Dec '86 Set Lunch $18-. (Aduk) $14- (Child bdow 12) Set Dinner $45 nett (Aduk) $30 nett (Child below 12) Inclusive of Novelties Reindeer Mug Dance to the latest pulsating
      137 words
    • 160 13 Fashionably hyatt Join the fashion-conscious ever> r Tuesday, Wednesday and Thursday (3 6 pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus show at
      160 words
    • 154 13 m +-r Food aßoom Package \v Fin d**cac> ncMM A room provided FrM *v Deluxe Single/ double occupancy s s66 Transit Special SS4SL ■hi wll H ml tiwMMt StMla«Mt«brMk from your h«avy Far lnn«m TO: mi HI. 714Htt ach*dula or tuat waa* up and ratax 1 'ha cool o» our
      154 words

  • RAW MATERIALS
    • 564 14 Consumers accuse producers of manipulating market Reuter WHOLESALE coffee prices, which have tumbled by almost a third since September, could fall further because of a row between producers and consumers over alleged attempts to influence the market, according to analysts. Coffee-consuming countries
      Reuter  -  564 words
    • 430 14 Reuter WHEAT IMPORTING countries, while enjoying steadily sinking prices owing to the major wheat exporters' battle for market share, are growing increasingly concerned about their dependence on other countries for grain supplies, said International Wheat Council (IWC) sources. Some importing nations fear prices cannot
      Reuter  -  430 words
    • 140 14 AFP WESTERN WORLD stocks of aluminium in all forms including scrap fell in October to their lowest level since September 1980, at 3.667 million tonnes, compared with 3.723 million tonnes in September this year, according to figures from the International Primary Aluminium Institute
      AFP  -  140 words
    • 580 14 Bernama WITH INDIA and Pakistan expected to stay away from the crude palm oil futures market, at least until the end of the year, dealers say that prices on the Kuala Lumpur Commodity Exchange may remain bearish. India,
      Bernama  -  580 words
    • 191 14 MALAYSIAN crude palm oil prices closed lower yesterday, extending last week's falls on further short selling and reserve of buyers, in line with easiness in palm oil futures and after a weaker Chicago soyoil futures close last Friday. In the Dec position, south and central regions fell Ms2s
      191 words
    • 95 14 OIL PRODUCTS IT WAS another quiet day in the Far East petroleum products market as traders remained sidelined in view of the on-going Opec talks. Naphtha firmed on sentiment although trade was thin. Other products remained stable. Closing prices for crude (FOB o rigin) US$/barrel Change Dubai (Jan) 14.45 0.45
      95 words
    • 76 14 (canti/kg, 1 -too paltot) JAN 87 FEB 87 (currant month) (forwai d month) NOON NOON RAS br«i f sat so 169 JO 171.50N 170.50 172JON SSI 50 167.50 169JON 16A50 170 JON MRELB •wy*n S#N#n Kuftrl SrfWn SM* CV 276.50 278JON 277JO 279JON SM* I 2*0.00 282.00N
      76 words
    • 136 14 Chinese Produce Exchange Seileri' noon doting prh :e» on Dk 15 (SI/100 kg). Coconut oil Bulk FOB 66.00 Otd drum FOB 76.00 New drum FOB 86.00 Copra Mixed (Ioom) 33 buyen Pepper Muntok White FOB NIW 1415.00 Sarawak White FOB foq NIW 1400.00 Sarawak ipcckil block FOB NIW
      136 words
    • 178 14 SINGAPORE The market closed higher yesterday with Jan* One RSS buyers quoted at 179.50 cents/kilo, up 1.75 cents from last Friday. TSR-20 Jan closed 1.50 cents higher at 165.00 cents/kilo and February one cent higher at 165.50 cents. MALAYSIA The market closed higher on renewed demand, with Jan SMR
      178 words
    • 276 14 RAS prices mscmmo,fobum NOON CLOSE bit 1 KSS Prompt 181.50 182 JON 181.00 182.00 fa» 1 KSS Jon 87 180.00 181.00 179.50 180 JO bit 1 KSS F*b 181-50 182.00 181.00 181 JO bit 2 KSS Of 175.75 *****N 175.25 177.25N bit 3 KSS Of 173.25 175.25N
      276 words
    • 107 14 THE PRICE OF TIN on the Kuala Lumpur tin market dropped 10 cents to dose at M 516.29 per kilo yesterday In line with the lower European spot market. The fall was due to a further lack of support after the recent riee, as European traders decided to
      107 words
    • 67 14 Bangkok (USI/tomw, FOB) White Rice 100% 1ft dots 245 100% 2nd don 210 100% 3rd don 205 5% 195 10% 190 '5% 185 20% 175 2.5% 170 35% 170 Broken Rice A-l Sup*r 118 A-l SfMdol 115 C-1 Spociol unq C-l Ord unq Loonzain Rice 100% 1 st grod*
      67 words
    • 687 14 COFFEE Robusta futures were generally steady during quiet morning trading yesterday, underpinned by light jobber buying in the absence of fresh news or physical activity. By midday, contracts were unchanged to £6 a tonne higher. March traded last at £1,795 a tonne yesterday morning, up £1 from last
      687 words
  • Page 14 Advertisements
    • 150 14 .t St o? 0 v *V\ (✓V £'/2V*§ sji^s r: ORDER FORM Yes, I would like to subscribe/renew. Please send the magazine to the following address Name: Address: Company:. Designation Enclosed is cheque/money order no: for $49.00/$71.25/$64.75. Cheque/money order should be made payable to Times Periodicals Pte. Ltd. Please send
      150 words

  • SHARE INFORMATION
    • 4043 15 SHARE PRICES on the Singapore stock market drifted lower yesterday. Trading was dull with many investors and fund managers in a holiday mood. The volume in terms of shares transacted dropped below 10 million, the first time in a long while. The
      4,043 words
    • 213 15 SINGAPORE Rises Indices Oac 12 Doc 15 M "0 IT Comport. 7(042 77SX>5 N 905 +5 ITMCM 2611(939 2396(443 110 +5 IT Ot/OS +21 .109 Carobo. 50< 434 +4 IT CADI -6(36 -6916 OmwMbp 270 4 IT OIV *7(232 +***** flj *1 SThwJwWoh 8*9 13 ((3.93 HorrMomM*>
      213 words
    • 2788 15 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      2,788 words
    • 280 15 AMALGAMATED Industrial Steel Berhad: 16th AGM at Jalan Utas, ***** Shah Alam, Selangor, tomorrow at 10am. AYER HIT AM TIN Dredging Malaysia Berhad: 10th AGM at The PNB Theatrette, 2nd Floor, Menara PNB, 201 A, Jalan Tun Razak, ***** Kuala Lumpur, Malaysia, tomorrow at 9am. SUNSHINE ALLIED Investments
      280 words
  • Page 15 Advertisements

  • COMPANY NEWS
    • 365 16  -  GUMIS? By HOMER CHEN LONDON-BASED stockbroker Kleinwort Grieveson Securities believes that the Acquired Immune Deficiency Syndrome (Aids) epidemic should protect rubber prices and hence earnings of Harrisons Malaysia Plantations Bhd. In a short review of the company dated Nov 28, it recommended that
      365 words
    • 290 16 Bernama THERE IS EVIDENCE that the container glass industry is recovering from the severe recession which it has endured for the past year, according to Malaya Glass Factory Bhd chairman Datuk Dr Yahya Ismail. He said in the latest annual report that after careful
      Bernama  -  290 words
    • 438 16 SHARE PRICES retreated in quiet trading on the Kuala Lumpur stock market yesterday as investors kept to the sidelines. Dealers said there was little in the news to interest investors. Only selective situational counters were fairly active while the rest
      438 words
    • 715 16 Current b Books Dale Totol lor Total tor peymeot dale ctoae payaMe fee year teat year A 1 N 13*%l Aug 19 NYA NYA 13*% 27% A 1 S I S%Cb» Dac 5 Dac 17 Dac 23 5% 10% AM D 1 I3%lbl Dec 22 6/1/87 Fab 6
      715 words
    • 559 16  -  By NAJEEB JARHOM METAL CONTAINERS Ltd's $1.4 million investment in Carlee Electronics, an integral part ot the group's ambitious move into the high-technology area, is finally bearing fruit. After having disappointed its new parent company with losses in the second half of
      559 words
    • 500 16 NST UNITED ESTATE Projects (UEP). the property arm of the Si me Darby group, is at an advanced stage of negotiations with two foreign operators interested in becoming anchor tenants of the company's Msloo million Subang Jaya Regional Shopping Centre.
      NST  -  500 words
    • 1884 16 810 and offer prices officially listed and business in and report ad to the Kuala Lumpur Stock Exchange yesterday, wtth tha number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified INDUSTRIALS Acmo lIBOSI AJbiomolu (2906) Aicom (71S 725) AISB
      1,884 words
    • 241 16 Monogcrt' prices for Ok 16 Singapore Unit Trust The 0 88 095 The Savings fund 080 086 Sport frog Fund 034 030 Spore Sec Fund 058 063 S'pore invest Fund 068 0 73 S'pore Equity Fund 0.41 045* Asia Unit Trust Mol In vast Fund 122 I X
      241 words
    • 126 16 HONGKONG Hongkong Index Mondoy 1557 42 frtdoy 1566 80 WMt ago *****6 Hang Seng Index Monday 2449 43 Friday 2463 23 Week ogo 2431 29 All Industrials Mondoy Friday Week ogo NEW YORK Dow Jones Friday Thursday Week ogo 2299 3 ***** 2289 2 *****6 *****5 *****6 TOKYO
      126 words
    • 462 17  -  By AMY CHEOK THE UNITED INDUSTRIAL Corporation group has completed the sale of its remaining office building in Equitable Airport Center (EAC) in Los Angeles for U5525.85 million cash, and in the process will reap a tidy sum of $$4.5
      462 words
    • 210 17 Bernama THE MALAYSIAN government should opt for a phased reduction in corporate taxation by 10 per cent over five years to give investors a psychological boost, the Federation of Malaysian Manufacturers (FMM) has said. In a memorandum to Trade and Industry Minister Tengku
      Bernama  -  210 words
    • 570 17  -  By HOMER CHEN THE 41 REMISIERS of defunct stockbroking firm E G Tan Co have still not given up trying to recover their total deposits of $1.78 million with the firm. This time, they have complained to the Commercial Affairs
      570 words
    • 172 17 UNITED OVERSEAS LAND Ltd has appointed United Merchant Bank Ltd as the lead manager for its newly announced unsecured notes, to be called the $50 million 4% per cent guaranteed bonds due 1991 by Hotel Plaza Ltd with warrants to subscribe for UOL
      172 words
    • 328 17 Bernama COMPUTER PRODUCTS distributor Microcomputer Centre (M) Sdn Bhd (MCSB) will apply for a listing of its shares on the Kuala Lumpur Stock Exchange and Stock Exchange of Singapore in 1988. MCSB technical director Leong Meng Foo said his company has already set
      Bernama  -  328 words
    • LATEST RESULTS
      • 68 17 Group pre-tax profits fell to M 5418,000 in the half year to Sep 30, 1986, from M 5786,000 in the previous corresponding period. At the attributable level, however, profits rose a third to $112,000 from $84,000 previously and compared favourably with the loss of $383,000 in the
        68 words
      • 58 17 Group pre-tax profits rose a fifth to M 58.99 million in the six months ended Sep 30. 1986, from M 57.5 million previously. After-tax profits rose 17.3 per cent to $4.81 million ($4.1 million), giving earnings per share of 3.6 cents (3.1 cents). Turnover jumped 52.6 per cent
        58 words
      • 32 17 Group pre-tax profits dropped 35.7 per cent to M 5563,149 for the six months ended Oct 31, 1986, from M 5876,093 previously. No interim dividend was mentioned.
        32 words
    • 172 17 STRAUS TRADING Co Lid has appointed Mr Peter John Reardon as the company's chief executive to take effect on Feb 1 next year. Mr Reardon, a chartered accountant, was until recently the managing director of Sime Darby Trading, London. He has wide executive experience in Singapore and Malaysia
      172 words
  • Page 16 Advertisements
    • 302 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND IN THE MATTER OF TIAN JUNG INDUSTRIAL FACTORY CO (PTE) LTD (Members' Voluntary Winding Up) At an extra general meeting of the members of TIAN JUNG INDUSTRIAL FACTORY CO. (PTE) LTD duly convened and held on the 11th day
      302 words
    • 277 16 POIAR SHIPPING PTE UD (In Member* Voluntary Wlnding-Up) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of POLAR SHIPPING FTE LTD duly convened and held at 36 Robinson Road. #05-01 City House, Singapore 0106 on 10 December 1986 the toUcwing resolutions were duly passed as SPECIAL RESOLUTION That
      277 words
    • 230 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 185 DECADE INVESTMENT PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the above company held at 10 Anson Road, #36-01 International Plaza. Singapore 0207 on 9 December 1986, the following special resolution was passed:-WINDING-UP "That DECADE INVESTMENT PTE LTD
      230 words
    • 6 16 On target, Chart Point every Monday
      6 words


  • 637 18 PM assures Dr Mahathir: 'We will not interfere' AN ASSURANCE that he has no intention of holding Singapore up as a model of inter-racial accommodation for Malaysia was given by Prime Minister Lee Kuan Yew at
    637 words
  • 356 18 RECENT CHANGES to the press laws designed to restrict the circulation of foreign publications found guilty of consistently meddling in domestic politics have worked, according to the Prime Minister's views. "You see how accurate the Far Eastern Economic Review has become," said
    356 words
  • 201 18 AFP THE PHILIPPINE government yesterday upheld an indefinite ban on deposed president Ferdinand Marcos's return from exile and unveiled twin economic programmes to quell communist insurgency. President Corazon Aquino called an emergency meeting of the Cabinet following rumours that Mr Marcos might return from
    AFP  -  201 words
  • 110 18 Bernama. FORMER Malaysian Overseas Investment Corporation managing director Mohamed Abdullah Ang Swee Kang was sentenced to eight years' jail and fined Msloo,ooo, in default six months' jail, by the Kuala Lumpur High Court yesterday for committing criminal breach of trust involving M
    Bernama.  -  110 words
  • 316 18 Bernama MALAYSIAN Prime Minister Datuk Seri Or Mahathir Mohamad said yesterday that the government had to interfere in the affairs of the private sector to ensure that public funds were not misused. The Prime Minister said that during the current economic recession, the
    Bernama  -  316 words
  • 86 18 Bernama ES THERE IS NO CRISIS of confidence in Malaysia but the country is suffering from an epidemic of "tics", especially politics, a private sector dialogue with Trade and Induatry Miniater Tengku Razaleigh Hamzah was told yesterday. "We will go somewhere on less politics and more
    Bernama ES  -  86 words
  • 101 18 Reuter COMEX gold futures firmed early yesterday on buying fanned by widespread sentiment that Opec will hammer out an agreement by the year's end to raise oil prices. In a nervous market, gold for delivery was ahead US$2.2O at U*****.00 an ounce after running up to
    Reuter  -  101 words
  • 55 18 Reuter WALL STREET stock prices slid lower in early trading yesterday as the selling presure from last week moved into the market and was exacerbated by futuresrelated sell programs, traders said. The Dow Jones Industrial Average fell 10 points to 1902. Declines led advances sev-en-three on volume
    Reuter  -  55 words
  • LATE FILE
    • 46 18 Reuter US INDUSTRIAL production rose a strong 0.6 per cent last month after a revised 0.1 per cent increase in October, the Federal Reserve Board said yesterday. The figures indicated a healthy level of activity for all industrial sectors except energy. Reuter
      Reuter  -  46 words
    • 53 18 AFP NEW FOREIGN investment in Indonesia this year is expected to match the 1065 level of US$BOO million, chairman of the Investment Coordinating Board Ginanjar Kartasaamita said yesterday. He added that investment next year would be smaller because the investments would come from what he described
      AFP  -  53 words
    • 34 18 Reuter A US$3OO-MILLION World Bank loan to the Philippines, needed to rehabilitate the Philippine National Bank and the Development Bank of the Philippines, is being delayed by procedural problems.
      Reuter  -  34 words
    • 33 18 Reuter WEST GERMAN Economics Minister Martin Bangemann said that his country's economic growth could range between 2 1/2 per cent and 3 per cent on average next year. Reuter
      Reuter  -  33 words
    • 35 18 Reuter LITTLE progreaa has been made in talks between Chief US Trade Representative Clayton Yeutter and Brazilian officials over a dispute involving US exports of computers and software to Brazil.
      Reuter  -  35 words
    • 27 18 AP THE SWISS government yesterday temporarily froze at least two Swiss bank accounts linked by US investigators to the Iranian-contra furore. AP
      AP  -  27 words
  • Page 18 Advertisements
  • Page 18 Miscellaneous
    • 52 18 Outlook: Showers in ssvsral areas In tho lata morning and aflainoon Waport lor 24 hours prior to 7.30pm on Doc 15at ths airport Maximum tamparatura 31.1 Asaodatad humidity 59 Minimum tamparatura 23.2 Asaodatad humidity M Hours of sunshine 11.15 Rainfall in mlltlmatras nil Rainfall this month 261.7 Rainy days this
      52 words

  • SHIPPING TIMES
    • 139 19 Reuter NORWAY has asked Denmark for an explanation of a new shipbuilding finance plan which the Norwegian government thinks may breach OECD rules on fair competition, the domestic NTB news agency reported. Organisation for Economic Cooperation and Development rules lay down that credit for export
      Reuter  -  139 words
    • 464 19  -  By LINDA CHEE ANOTHER VESSEL owned by United States Lines, the American New Jersey, was arrested yesterday morning in Singapore. The 4,258-TEU vessel was detained after a court order was obtained alleging non-pay-ment of bunkering fuel supplied by the Dutch company Transol Bunker B
      464 words
    • 131 19 Reuter SEA-LAND Corporation, a subsidiary of CSX Corp, plans to offer improved container shipping services with shorter transit times between the US and the Caribbean and Central America to support growing agricultural trade. It said it will offer a second sailing from
      Reuter  -  131 words
    • 135 19 AP FOREIGN SHIP orders received by South Korean shipyards in the first 11 months of this year rose a whopping 213 per cent from last year to 1.95 million gross tons, the Korea Shipbuilders Association said. Association officials said the January-Novem-ber
      AP  -  135 words
    • PORTSIDES
      • 73 19 Fairplay THE ROTTERDAM-BASED Smit International group of companies has acquired a substantial holding in the Brazilian offshore services company Seamar. A number of Smit-Lloyd vessels are already working in Brazilian waters under Seamar management, and a Well Stimulation Vessel is also on order to Seamar for
        Fairplay  -  73 words
      • 81 19 A MOTORBOAT carrying people to a picnic collided on Sunday with an unmanned vessel and sank in the Arabian Sea near Bombay. Police rescued 26 people, but four passengers drowned and another four were missing. Police said the accident happened when the motorboat was taking 34
        81 words
      • 139 19 AP PIRATES took over a yacht chartered by a group of European and Australian tourists and robbed them of money and valuables in the Visayas Islands, the Philippines, the vessel's skipper said. Des Rogers, the Australian skipper, said the two pirates slipped on board the vessel
        AP  -  139 words
    • 737 20 UPI FLUCTUATIONS in the US shipping industry affect more than working sailors the tempestuous swings govern the ebb and flow of students through the nation's largest school for merchant marines, for which a fair wind is suddenly blowing. "They really keep you in
      UPI  -  737 words
    • 1235 20  -  By ZHOU MEI, Economics Correspondent THERE IS ROOM for optimism despite the gloom gripping the shipping industry. Sources of cheer are detected in several sectors. Improvement in the spot market for large crude carriers has been noted (although the present upturn admittedly has much to
      1,235 words
    • 700 20 AB Shpg V 5 Accord Shpg VI 3 Alltrons VII 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 ASCI III 1 Bolt-Canada line VII 4/5 Bait-Orient line VII 4/5 Bank line V 5 BBS II 4/5 Ben Line Cont V
      700 words
    • 425 21 RELAXATION of the strict ship traffic separation scheme in the Strait of Hormuz is being considered by the International Maritime Organisation following reports of widespread deviations because of fear of attack. Ships are said to be leaving the lane entering the Gulf as it
      425 words
    • 1140 21 A GENERALLY sluggish week on the London shipping freights market ended on Friday with a burst of chartering activity in the grain, coal, ore and timecharter sectors But there was no evidence the surge had any impact on a weak rate structure Egypt was a particularly busy grain
      1,140 words
    • 251 21 AFP LITTLE change was seen in the rate structure during the past week on the freight market, where a plentiful supply of tonnage was available to meet sustained demand in anticipation of higher prices after the Opec ministerial conference in Geneva. Some larger units operating out of the
      AFP  -  251 words
    • 172 21 Seatrade Week A DRAMATIC revamp of the Philippine Maritime Industry Authority (Marina) is reported to be in the pipeline. Based on a reorganization plan now under study by the government, Marina is to be abolished and replaced by a Bureau of Maritime
      Seatrade Week  -  172 words
    • 7581 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.
      7,581 words
    • 1727 27 Who acts for whom The leading shipping lines operating from local ports and their agents A—B A Top Enterprise* Pte Ltd Seme (S) AB Shipping Boueteed Shpg Agencies AIM Line African Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK).
      1,727 words
    • 372 28 AT CONVENTIONAL WHARVES Vessel Berth Arrival Departure KEPPEL WHARVES Jurina <16 alongside 16 12/0600 Koto Jaya <32 alongside 16.12/1830 Koto Mutiara K31 alongside 16.12/1830 Ned Bahrain K18 alongside 16.12/0800 Kijeka <17 alongside 16.12/0600 Boogabila <9 16.12/1800 18.12/0600 Concord Echizen <16 16.12/1800 17.12/1500 Coral Princess <29 16.12/0600 16.12/1600
      372 words
    • 810 28 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdna FCL Arrival LCL movemant Ship Voy data/time Operator cargo schedule Location N Beryl 22W 16.12.86 2200 NAPl F5A 1200-1400 B4 Pegasus P 458N 16.12.86 2000 Straits Shpg F5A 1100-1200 G1 Prosetia 96/86 16.12.86 1800 A Perintis F5A 0900-1000 14
      810 words
  • Page 19 Advertisements
    • 751 19 (li.imlu-is l >1 n M 1 )l( !l< >!l.il Orient Ovhqeas CmtcUm* Line NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORLD ROUTING) Mf W LMt CUTOK NfK NYC HFX 5 2*12 17/1 27/1 a/1 31/1 4/2 Ml/1 1/2 12/2 14/2 1(0 11/2 a 14/1 1/2 14/2 21(2 23/2 25/2 NEPTUNE MIX
      751 words
    • 67 19 THERE IS ROOM for optimism despite the gloom gripping the shipping industry. Page II RELAXATION of the strict ship traffic separation scheme in the Strait of Hormuz is being considered by the International Maritime Organisation following reports of widespread deviations because of fear of attack. Pag« 111 index to advertisers
      67 words
    • 887 19 *0 FESCO LINES r.P FAR-EASTERN SHIPPING COMPANY Regular Service To SOUTH EAST ASIA, JAPAN. INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE MAHtSX SERVES THRB UK PORTS SINGAPORE/TILBURY 19 DAYS. SINGAPORE/HULL 19 DAYS. SINGAPORE/GRANGEMOUTH —22 DAYS. IILI To US (»ul US flr.i EAST, WEST MM
      887 words

  • Page 20 Advertisements
    • 338 20 VILLE DC JUPITER VILLE DE MERCURE VILLE O'URANUS INBOUND FROM N. CONTINENT/MEDITERRANEAN/ARABIAN GULF VESSELS KARACHI KAN OLA BOMBAY Ail (Mat. Ports A Rotation Art Subject To chango Without Notice. VILLE DURANUS OCEANUS SHIPPING AGENCY PTE LTD #83-43 ANSON CENTRE. SINGAPORE 0207 TEL: *****77 (10 UNES) TLX. RS ***** OSAL FAX:
      338 words
    • 376 20 EUROPE/FAR EAST CONVENTIONAL SERVICE VSL GRIGOftOUSSA BRAVE THEWS ROSE GAIGORPAN PT. ol LOG SzciecinHbf-Ant Boulogne-Dunk irk-Ant Hamburg/Antwerp Szczecin-Hbg- Ant TEL: 03-*****50 Malaysia son. bho. TLX: ***** MTM Frt. Booking contact Miss Gan LANG S PORE LOG. FOR IJ/I2 Hongkong-Keelung-Shanghai Further load/ discharging ports en route subject to sufficient inducement Agent:
      376 words

  • Page 21 Advertisements
    • 732 21 The Straits Steamship Group u Mansfield Container Shipping Re Ltd Oversea* Containers Limited CONTAINtRSHIP SERVICE TO UK/COHTWENT:. Also Accepting Cargo For: to Coeontegan. Aartoa. Gottenbucf. Itolma. Stock Ma. Htlti Rotterdam to Antwarp. Amttardan. 0«lo friMrtwiw to IrMM Southampton to *11 UK MdirutKMH. Mfnt «ld Dublin (CONTAINERSHIP SERVICE FROM UK/CONTINENT: GULF
      732 words
    • 1060 21 E3JUL CE il T^T-V *6 ANNOUNCEMENT Jjipj are pleased to announce the opening of their Far East Co-ordinating Office for their breakbulk services under CONVENTIONAL LINE NORAS IA PTE LTD 10 Anson Road ft 35-16 International Plaza Singapore 0207 Tel: *****66 Cable: NASIASIN SINGAPORE Telex: RS ***** MSI A Fax:
      1,060 words

  • Page 22 Advertisements
    • 366 22 *100 Years t Liner Shipping Far East 7 1886-1986 Z_ Hapag-Lloyd TU CONTINENT/UK EXPORTS Inland haulage to inland domination* in UK 1 N Continent Also accepting cargo lor Copenhagen Aartms, Gothenburg. Malmo Heltinki. Amsterdam. Belfast. City"of Edinburgh Sid SM Sid Sid SM 20/12 21/12 26/12 20/12 Eipreu SW SM SM
      366 words
    • 782 22 ZjJJbtE it*ft imtnM c*•*•** FULLY CONTAINERISED SERVICE 17 12 (1542) C R TOKYO 7W C R PARIS IW M M CHINA CONTAINER FROM ['JROPE VIA SUEZ Member of the Ace Comortiuni CHINA CONTAINER J7E ORIENTAL CHIEF SIC KOREAN JACEJIN 3K NEPTUNE CRYSTAL 171 1/1) 30,12 S I) «/l tlillY CONTAIN!
      782 words
    • 423 22 /fcHai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** ft. \EASTERN CAR I.lNl-R. III). STRAITS/ JAPAN/STRAITS SERVICE I ML INTERM ARITIME SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS KK SPORE PR PIOOIS REUNION OUMAN CI •ANJA LEOWMAROT V7IA In Port 24/12 2*12
      423 words
    • 802 22 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) EVER GENIUS 1702 *1 id V W IW OA W 2 EVER GARDEN 24/12 11/1 13/1 15/1 lt/1 17/1 21/1 2«A 29/1 EVER GUARD 21/12 11/1 20/1 22/1 23/1 24/1 2/2 4/2 5/2 EVER GOING 4/1 25/1 27/1
      802 words

  • Page 23 Advertisements
    • 881 23 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL MAJAPAHIT gowa HOT A SINGA SIN JKT 9/1 11/1 Sid 17/12 30/12 1/1 TCH TAICHUNG SBY SIN HKG KAO *TCH KEE 13/1 16/1 21/1 22/1 23/1 24/1 19/12 23/12 27/12 29/12
      881 words
    • 725 23 BEN USE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAH B HAVEN KDAM HAVRE STON P KLANG S PORE FOR City at Ed.nturfti Sailad Sa.iod Sa.iod Si<M Saiiod 2*12 Ml MUG TWN Frankhirl Eiprou Sa.iod Sa.iod Sailed Sailed Sailed »U 31/12 HKG. TWN Cink(»i by Sailed
      725 words
    • 594 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. MNUDEM INDONESIA P.T. TNIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EOROPE VESSEL,VOY OCEAN PRIMA/SWB I JAIABERT BONTANG 10WB GANDA GAMAI7WB MATARAMA7WB PALEMBANG/7WB CANDA BHAKTI/17WB SRIWIJAYA/19WB KUTAI/11WB S PORE BILBAO BREMEN a-29/12 a/i 11-12/1 0/2 12/2 26-20/1
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    • 444 23 BOUSTEAD SHIPPING AGENCIES m BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok 11/20 Dec HITS** *SAGAINC V7W 11/20 Dec 21/22 Dec PAGAN VIO7W urtt Dec 'Loading tor Antwp Rotdm i Habg V 4 BANK LINE EXPRESS SEMI-CONTAINER SFRVIM NORTHBOUND TO UKC TOANA NIUGINI
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  • Page 24 Advertisements
    • 1281 24 ECUADOR/PERU/CHILE UEDfR YSI MOTUR YSI CfK LINE KAWASAKI KISF.N KAISHA. LTD.— spore pkig me stow kok guayaquk cauao wc» (quque afagasia s aniono Valparaiso 19 Dec 20 Dec 21 Dec 23 Dk 9 lan 2 Feb 10 Feb 14 Feb TAIWAN-JAPAN-CHINA-MANILA ALSO ACCEPTMG SHANGHAI HSJNGKANG MOI NAHA SHMtfIJ VU KOK
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    • 670 24 '/&e> AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Feedf P I Linw Vessel S'por« I M*it fim S»On Also Acapts ESTECLIPPER *9 19 Dec CALABAR *31 Dec ESTECLIPPER *10 ttn CHANDIDAS ili J*n 19 Jan «no l»n AM Br.s KABiRDAS" »12 19 jan 5 Feb 14 Feb 12 Fet AM
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    • 880 24 tTCI GOLDEN LINE MS <o\ GUAN GUAN SHIPPING (PTE) ITD V 23. I(M to* MJKM 0104 HI SJ4JMI (10 l*S) STRAITS/PERSIAN GULF SERVICE: Spore PKetong Pen.ng GOLDEN BEAR Colombo/Kiraclwßointajr Dubai 11/ M Dec GOLDEN HARVEST Cotanbo/Kararti'Dubai/Bahram 10/12 Jan CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA UKC CONVENTIONAL
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    • 260 24 10 Anson Road »27 16 Singapore 0207 Tel (PTE) LTD.|| 5 International Plara *****1 1 (10 Lines) o BREAKBULK SERVICE TO EUROPE/UK S pore P Kelang Loading for KARINA 88M927 Sailed In Port HOT/ANT/BREMEN/ESBJERG/ UK (AVON) OOOYANC FRONTIER BB*9M Sailed ROT/ANT'UK (AVON) Agents Singapore INTRASEA (PTE) LTD BOOKING 22*511 K
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  • Page 25 Advertisements
    • 777 25 NOL NEPTUNE ORIENT LINES LTD Agents S pore NEPTUNE ACENCIES PTE LTD Tel No Office Terminal CPF BOOKINGS *****77 *****77 *****22 *****53 OR DIRECT LINES F£ EU/AUST T PA/SEA *****53 27(5742 27*5742 *****19 *****16 *****11 P Kelang NEPLINE SDN BHD *****87 *****4******53/*****26 K Lumpur NEPLINE SDN BHD 24*5771/*****34/*****35 Penang NEPLINE
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    • 537 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG, BUSAN, INCHON Vessel s Name No 6 Donam 610N No S Donam 609N No 7 oonam;6loN Oooyang Sapphire/610 No 9 Oonam/iION Eastern Glory/611 No 6 OonamiTOlN No 8 Donam, 701N 4/1 (Off-hire) 12/1 13/1 (Off-hire) 20/1 2»/l 912
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    • 647 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Tele* Numbers RS ***** RS ***** RS ***** P KELANG PENANG ?n S rmMp PORT S L A N D v D FLOOR SSRS HAI
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  • Page 26 Advertisements
    • 269 26 ifflgl REGIONAL CONTAINER LINES :TO BANGKOK (4 SAILINGS A WEEK) VESSEL JENLINK PIYA BHUM SI RI BHUM SEA DRAGON JENLINK PIYA BHUM RATANA BHUM SIRI BHUM SEA DRAGON JENLINK PIYA BHUM SIRI BHUM SEA DRAGON JENLINK PIYA BHUM lEBESS3Bt3P!!MIPSIE3?i?I lESIE3C3S P!CTiryrw TO SOUTH THAILAND VESSEL RATANA BHUM RATANA BHUM RATANA
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  • Page 26 Miscellaneous
    • 182 26 r A Regional Weather 1 K< m m Li 9 B < W J r J f 1 Of* R v St SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. a Wind direction with speed in knots Wave height LEGEND R Thunderstorm Temperature o c X\ A Weather
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  • Page 27 Advertisements
    • 111 27 CALL US AT: K. LUMPUR P. KELANG PENANG J. BAHRU i P. GUDANG J SINGAPORE *****68/*****56/*****48/*****93 *****11/4 04-*****2/4 *****3 07-*****8, *****8, *****5 07-*****1, *****3, *****5, *****0 02-*****22 Will WEEKLY FAR EAST/EUROPE CONTAINER SERVICE FROM EUROPE vsl SUAND4A OS TOYAMA 505 .L'H OTHER ORIGINS: AARHUS, AMSTERDAM, ANTWERP, BASLE. BREMEN, BREMERHAVEN. COPENHAGEN.
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    • 572 27 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: ton NIL iTc-m *T«N ITC-® 10AMN6 FOR Rott/Ant*/ UK (UV Sftt/Nanta Agents: SINGAPORE: CAUCO SHIPPING PTE LTD Tp: *****66 TU RS ***** CAUCO Fa*: 22*5271 PORT KELANG: PERKAPALAN UTAMA SDN BHD Tat: 308T19M KOTA KINABALU: KESAWAN SHIPPING SON BHO Tal:
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  • Page 28 Advertisements
    • 681 28 EAC I ■K i,; *xm.V: u>:a SAILINGS EVERY TUESDAY OUTBOUND VESSEL NIHON 456 N OCJIMA 466 B. SURIA 476 SELANDIA 4K CONNECTING VESSEL AT ROTTERDAM MEONIA 761 FIONIA 703 FIONIA 703 BORINdA 733 ACCCPTMQ CARGO (LCL FCL) FOR: DAKAR, FREETOWN, MONROVIA, ABIDJAN, TEMA, LOME, LAQOSA DOUALA Smp.ni.Kf A pent-. HCHKI
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