The Business Times, 5 February 1987

Total Pages: 24
1 24 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 THURSDAY, FEBRUARY 5, 1987 75 CENTS
    12 words
  • 202 1 Exchange rates THE SINGAPORE dollar closed slightly weaker at S$2.1365/75 ($$2.1340/50) against the US$ in the forex market yesterday. It rose marginally to $3.2538/75 ($3.2543/80) against The local unit also ended firmer against M$, DM and yen. US*. 152-50/60 yen, 1.8065/75 DM, S$2-l365/75 US$1.5225/35 M$: SS0.8421/28 OvtrMM
    202 words
  • 609 1  -  Holding estimated to be worth $90m By NAJEEB JARHOM CASH-RICH HAW PAR Brothers International has for the first time revealed its beneficial interest in the giant United Overseas Bank (UOB) group, the subject of vicious rumours in the stockmarket lately. As at
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  • 252 1 PRESIDENT REAGAN yesterday joined fellow Americans in congratulating victorious skippei Dennis Conner and his crew foi Stars and Stripes's 4-0 win in the America's Cup yachting championship. Following their sweep ovei Australia's Kookaburra 111, Mi Reagan sent the crew a personal cable: "Your victory represents more than
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  • 180 1 AFTER opening sharply higher, share prices dipped on bouts of profit-taking but managed to close slightly higher. Gainers outnumbered losers 101 to 70. Buying interest spread to more Malaysian counters while selected local trustee stocks were subjected to profit-taking. The Straits Times Industrial Index
    180 words
  • 327 1 Bernama THE MALAYSIAN government has approved the setting up of two West German projects with investments totalling Msl3 million so far this year, according to the Malaysian Industrial Development Authority (Mida) chairman, Datuk Ahmad Sarji Abdul Hamid. Datuk Ahmad Sarji said
    Bernama  -  327 words
  • 111 1 Bernama MALAYSIAN industrialists should register themselves with the Malaysian Industrial Development Authority (MIDA) to enable foreign industrialists to easily find joint-venture partners in the country. Malaysian Deputy Foreign Minister Datuk Abdul Kadir Sheikh Fadzir said one of the problems faced by the government was the difficulty
    Bernama  -  111 words
  • 477 1  -  By LIM SOON NEO HALF WAY through its Mass Rapid Transit systam contract, local contractor Oh Tack Thya has pullad out of its joint vantura with Japanasa contractor Okumura Corporation because of financial difficulties. The first case of a joint-ven-ture split
    477 words
  • 120 1 Reuter INDONESIAN PRESIDENT Suharto has ordered a review of all state-owned companies to decide which should be sold off to the private sector. Information Minister Harmoko said yesterday that the 16 ministries that control state-owned companies had been told to report directly to Mr Suharto
    Reuter  -  120 words
  • Page 1 Advertisements
    • 133 1 Cassette Receiver M 3 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone. *****22 Kuala Lumpur Phone. *****33 Phone, *****5/*****1 Jakarta: Phone. *****5 ▼tV-r k w 1 m 5 FOR A 6000 DEAL 30% off all room rates. Come and see what is destined to be the most popular business
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    • 358 1 Ship's captain held responsible for loss rT %0l^r, >*rl THE MASTER OF the Hoelien has been held responsible for the loss of the vessel off Sydney in 1985. It was ruled yesterday that Captain Lee Chee Fong did not take proper care in stowing the cargo nor did he take
      358 words
    • 87 1 Full report, Pag* 12 Asian stocks, Pags 11 Infl slocks, Pags 10 Flying with the times AN AIR SERVICES AGREEMENT signed in 1971 by Singapore and West Germany has become somewhat outdated. The frequency of flights has not changed since 1976, although air traffic has more than doubled. Singapore Airlines
      87 words
    • 239 1 Menstoch Quality before your eyes With Hongkongßank's Home Loan-1% only the interest for Hr the first 5 years. Only Hongkongßank has a home loan t^iat s specially tailored to your available 'd? 2 cas^ Like servicing only the interest on your loan Hongkongßank allows up to 100% ay- financing (on
      239 words

  • HOME NEWS
    • 393 2  -  By JEFFREY TSANG LIFE INSURANCE SALES did extremely well last year in spite of the depressed economy, with an estimated growth of about 50 per cent. Even with this, the take-up rate of life insurance in Singapore was low, said the Acting Minister
      393 words
    • 273 2 PETER NEWMAN is now the managing director of Newman and Goh Property Consultants (Re) Ltd while RICHARD 8 P GOH has been named director of the company. Mr Newman is a chartered surveyor and has 24 years of experience in the local real estate industry. He was
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    • 188 2 TELEGUIDE, Singapore's first public access information system, was launched yesterday supported by a vigorous consumer promotion campaign over the next six months as well as an expansion of services. After one year of trials, some four million "pages" are read each month at the 77
      188 words
    • 85 2 A NEW GUIDE to doing business in Singapore has hit the book shops. Published by Singapore National Printers Ltd under licence from Deloitte Haskins Sells, the guide is divided into five main sections: business environment; mechanics of investment; business regulations; taxation; and other taxes and
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    • 436 2  -  By CHUANG PECK MING PROVISION SHOPS in the Econ Minimart scheme do far better than those that are not part of the scheme, a study by a university lecturer and an analyst with a securities firm shows. The study compared the performance of a
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    • 335 2 A 14-MEMBER Belgian trade mission, representing small- and medium-size companies in a broad range of enterprises, will visit Singapore from Feb 12 to 14. Twelve companies will be represented. One of them, Le-entjens-Boes, makes a laserbased simulation system called Midra. The system
      335 words
    • 216 2 TATA-ELXSI, an Indian-American joint venture computer company established in Singapore in 1961, has sold its largest super-computer system to date to India. The company yesterday signed a US$4.2 million contract with the Indian Oil Natural Gas Commission to set up a regional
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    • 232 2 SLITHERING down a greased pole will not be part of the life of firemen at the new Woodlands fire station. That's because the Public Works Department (PWD) has taken a down-to-earth approach to design. According to the National Development Ministry, which calls the
      232 words
    • 107 2 HONGKONGBANK has reduced its interest rates for home loans by one-quarter percentage points across-the-board. The cut was effective on Feb 1. The revised interest rates are 6.75 per cent for one to five years, 7.00 per cent for six to 10 years and 7.25
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    • 264 2 Seminars and Courses 1 c EG Cahners Tel *****13 Exposition Tlx RS ***** Group Fax: *****66 y DURATION TITIE Feb 17 Cargo Claims and Insurance in China Implications and Settlements by Local Traders Feb 17 Singapore Taxation Feb 17 Programmable Controllers in Factory Automation Feb 17-19 QC Circle
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    • 230 2 A PARLIAMENT of Religions featuring the major religions practised in Singapore will be held on Saturday, February 21, at the Public Utilities Board auditorium. It will be the highlight of the 150 th birth anniversary celebrations of Sri Ramakrishna and the centenary of the
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    • 124 2 THE United Workers of Electronic and Electrical Industries (UWEEI), will be giving away $33,250 in scholarships and bursaries to 308 primary and secondary school students. The money will be presented on Saturday at the DBS Building auditorium. Scholarship students at the primary and
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  • Page 2 Advertisements
    • 137 2 WORLDWIDE EXPRESS® Ftomptpick-up and delivery 24 hours a day ANNOUNCING REMOTE/ HOST UNITS CCITT X.28/ X.25 PROTOCOLS Teleßranch International LOW COST EXCLUSIVELY PC-BASED It I r-r\ i n; i iv;.] -a UTILIZING PUBLIC PACKET SWITCHING DATA NETWORK PROVIDING HIGH-LEVEL PERFORMANCE CURRENTLY AVAILABLE ONLY IN MINIS AND MAINFRAMES. FEATURING... SIMPLICITY IN
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  • ASIA-PACIFIC
    • 381 3 AP US SECRETARY OF STATE George Shultz has praised Japan for increasing its aid to Third World countries, but criticised the practice of requiring that the money be spent in Japan. "They have less need to do that than other countries do," Mr Shultz
      AP  -  381 words
    • 191 3 AP US TREASURY Secretary James Baker had assured Saudi Arabia's Crown Prince Abdullah that the US would stay neutral in the Iran-Iraq war, Western diplomatic sources said. Mr Baker arrived in Riyadh late on Monday for a four-day visit to Saudi Arabia. Prince
      AP  -  191 words
    • 115 3 AFP ISRAELI Prime Minister Yitzhak Shamir on Tuĕsday said there was a need to improve contacts with the Soviet Union, but ruled out Soviet participation in any international conference on the Middle East. Mr Shamir, in an interview on Israeli radio, added that
      AFP  -  115 words
    • 380 3 AFP THE HIGH PRIESTS of Sikhdom have directed all Sikh party factions in Punjab to dissolve and come together immediately, amid reports that Sikh militants fighting for a homeland in the state are working for a combined action to achieve
      AFP  -  380 words
    • 247 3 AP THE US GOVERNMENT expressed concern on Tuesday about a fisheries agreement that the South Pacific nation of Vanuatu entered into recently with the Soviet Union. "We have called the Vanuatu government's attention to the fact that Soviet fishing operations are
      AP  -  247 words
    • 154 3 Reuter FRENCH President Francois Mitterrand has vowed to continue nuclear testing on the Mururoa atoll in the South Pacific, saying criticism of the tests was based on poor knowledge of geography. France has tested about 80 nuclear devices on Mururoa since 1975, drawing strong
      Reuter  -  154 words
    • 505 3 Scientists doubt there is conclusive evidence Reuter IN AN oversupplied world market, competing producers of vegetable oils are swapping claims about the health properties of their products. Substantial business could be at stake. But scientists polled doubted if there was conclusive evidence on either
      Reuter  -  505 words
    • 384 3 Reuter, UPI PRESIDENT RONALD REAGAN has personally congratulated Philippine President Corazon Aquino on the nation's approval of a new constitution. US presidential spokesman Marlin Fitzwater yesterday called the plebiscite vote "a significant milestone on the path of democratic renewal which President Aquino has charted
      Reuter,; UPI  -  384 words
    • 305 3 Reuter CHINA yesterday warned foreign journalists not to get involved in the case of the expulsion of American reporter Lawrence Mac Donald, saying it had nothing to do with them. The Chinese Foreign Ministry in Beijing refused to receive a delegation from the foreign correspondents' club
      Reuter  -  305 words
    • 229 3 Reuter SOUTH KOREA will set up a special agency this month to help stop torture and to protect human rights following the death of a student activist under police interrogation, a government spokesman said yesterday. He told a press conference in Seoul
      Reuter  -  229 words
    • 122 3 AP POLICE in Malaysia have arrested six Malaysians and seized counterfeit money with a face value of U5536,000 and 12 million Indonesian rupiahs. Bernama news agency yesterday quoted Mohamed Hashim, the Criminal Investigation Chief of Johor, as saying that police believed they
      AP  -  122 words
    • 461 3 World War II the Japanese perspective AP AMERICAN AUDIENCES are getting a glimpse of how World War II looked from the other side of the Pacific, in a series of 27 Japanese movies made from 1937 to 1947. "Japan at war: rare films from World War II" opens a window
      AP  -  461 words
    • 201 3 AP THAILAND and the International Criminal Police Organisation (Interpol) yesterday signed an agreement that will give certain privileges and diplomatic immunity to Interpol officers operating in Thailand. Thai Police Major General Sompol Suthimai, chief of the foreign affairs division, said the privileges to be
      AP  -  201 words
  • Page 3 Advertisements
    • 196 3 A', A. J* v r* O a So much to choose for only $16.50 m. k *,t* *r H It's a sumptuous spread! A superb selection of appetisers including oysters, shrimps and smoked salmon. Cold meats, seafood or steak tartare. An enticing salad bar. Choice of soup. Pastries, truffles and
      196 words
  • Page 3 Miscellaneous
    • 44 3 Doonesbury SORRY I'VE dBBN 50 dUSY OUR HRST PAY. rUMAKS IT UP TO YOU TONIGHT, OKAY* m I 3 i! m a AsT^ BY GARRY TRUDEAU COULD YOU CALL MY MOMMY, PLEASE? YOU POOR PEAR... a m /r s '.V M BBR •ft it*
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  • REST OF THE WORLD
    • 593 4 Proposed trade bill curtails Reagan's powers Reuter TWO KEY SENATORS have drafted a massive overhaul of US trade laws which, if passed by Congress, will force President Reagan to retaliate against unfair trade practices, Senate Finance Committee staff members said on Tuesday. Committee
      Reuter  -  593 words
    • 533 4 AP US TRADE REPRESENTATIVE Clayton Yeutter has said that recent fluctuations of the dollar against foreign currencies are hurting world trade. "More stability than we have at this moment would be advantageous," he said in Washington on Tuesday. Mr Yeutter,
      AP  -  533 words
    • 385 4 FT FOREIGN GOVERNMENTS above all the US hoping for economic stimulatory action in West Germany in the wake of last month's elections are in for a disappointment. The position of Mr Helmut Kohl, the Chancellor, has been weakened both within and outside the centre-right
      FT  -  385 words
    • 116 4 AFP FRENCH Premier Jacques Chirac has announced that he would put his government to a vote of confidence at the opening of the next parliamentary session in April. Pierre Messmer, chairman of Mr Chirac's Rally for the Republic (RPR), said the prime minister
      AFP  -  116 words
    • 186 4 Reuter AUSTRIA'S exports fell 3.3 per cent last year, but an even sharper drop in the import bill produced a smaller trade deficit, according to provisional figures from the country's Central Office for Statistics. Exports slipped to 342.2 billion schillings, 11.7 billion
      Reuter  -  186 words
    • 242 4 Reuter WITH NONE of the fanfare that celebrated her 100 th birthday last summer, the US government on Monday began charging a US$l fee to tourists visiting the Statue of Liberty in New York harbour. Many of Monday's 1,200 visitors to the statue were
      Reuter  -  242 words
    • 427 4 Reuter BRITAIN'S Conservative government has defeated attempts by the opposition to pin responsibility on it for a police raid on offices of the British Broadcasting Corporation (BBC). After a noisy three-hour debate. Members of Parliament on Tuesday rejected by 351 votes to 200
      Reuter  -  427 words
    • 232 4 Reuter SOUTH AFRICA has enough oil in storage and can produce sufficient crude from coal to survive a total world oil embargo for "quite a period", according to a top official of the country's oil-from-coal industry. Jan Louis Johannes Bezuidenhout, executive director
      Reuter  -  232 words
    • 101 4 Reuter TO THE MANY who think that only Macks suffer from famlns and poverty In Africa, tha photograph abovs will corns as somswhat of a surprlss. It shows thraa whits chlldrsn being fsd with food from s soup kitchen sst up by an Afrikaaner church
      Reuter  -  101 words
    • 790 4 ARRIVALS Operator Jtrvici number Local Hnw From OA OA472 0015 S YD/MB. UA 0100 SPO/HKG SU SQll 0129 1AX/NRT su SQ4I6 0655 DAC/CCU MAS MM681 0020 KUL MAS MH811 0910 PBN MAS MM471 0920 KUL SU SQI03 0950 KUL CPA CX710 1015 CGK MAS MH603 1020 KUL
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  • Page 4 Advertisements
    • 215 4 orchardOhotcl 442 Orchard Road Singapore 092) Tel: 7)***** AMPLE PARKING SPACE (BtQDMS con'i«enT«i bcmaubaut $15 FOR 4 Blooms Continental Restaurant's Set Lunch offers sheer value-for-money. For just $15 per person, we serve a full four-course meal and you've a choice of main course from a selection of three. And that's
      215 words
    • 61 4 I I I il I The business person's choice, every I I II I I II M\ I Tuesday, Saturday and Sunday. I M II I Ml Leaving Changi Airport at 22:05 A. /1 V-X-L hours and arriving Heathrow at 06:45 hours the following morning. Call your Trovel Agent or
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  • RAW MATERIALS
    • 137 5 Chinese Produce Exchange Sollon' noon doting prlcoi on Fob 4 (SI/100 kg). Coconut oil tuft FOft 86.00 OW drum FOB 96.00 Now drum FOft 100.00 Robusta 20/25% FOft NSW Nutmeg 110 FOft NSW »WP FOft NSW Gambler FOft NSW 405.00 1438.00 1322.00 330.Q0 Copro Mlxod Doom) Popper Muntok
      137 words
    • 66 5 Bangkok Broken Rice 128 A-1 Sup*r (USS/tom*, FOft) A-l Special 125 White Rice 255 C-1 Sp«dol C-1 Ord unq unq 100% Id doss Loonzain Rice 100% 2nd dan 220 100% 3rd dost 215 100% 1st grad* unq 5% 100% 2nd grad* 215 205 100% 3rd grad* unq 10% 15%
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    • 171 5 Bernama PRICES of agricultural commodities such as crude palm oil. rubber and cocoa are likely to rise over the next two to three years. This optimism is based on the anticipated increase in global economic growth, the stabilisation in currencies' disparities and falling
      Bernama  -  171 words
    • 232 5 SOYBEAN FUTURES on the Chicago Board of Trade closed 1% OS cents to cent per bushel higher in light trade on Tuesday, with March up 1% cents at US$5 after being held to a 316cent range. Persistent weakness in the US dollar, which might account for Monday's larg-er-than-expected weekly
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    • 167 5 MALAYSIAN crude palm oil prices closed above yesterday's lows on late covering interest, supported by the recovery in palm oil futures, after easing initially on further profit-taking. Trading remained thin as operators turned cautious after the recent price surge and preferred to stay on the sidelines. February south
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    • 153 5 THE PRICE OF TIN on the Kuala Lumpur Tin Markat (KLTM) eased two cant» yesterday to doaa at M 517.14 par kg aftar a brief trading eeeslon. Daalara aald tha price droppad In sympathy with tha overnight dacllna on tha Europaan apot tin markat, which trlggarad Initial offarlnga
      153 words
    • 305 5 RAS prices msc* nMg, FOB In Data NOON CLOSE Buyers Selleri 8vyors Sellers Int 1 RSS Prompt 196.00 197.00N 195.00 196.00N InM RSS Mor 87 194.00 194 JO 193.00 194.00 Int 1 RSS AprM 193.25 193.75 192 JO 193.00 In* 2 RSS OP 185.00 187.00N 184 JO
      305 words
    • 233 5 WHEAT FUTURES on the Chicago Board of Trade eased from midday levels to finish quietly mixed on Tuesday, ranging from up one US cent per bushel in may to down cent in new crop September. March settled at U552.88% after posting a 2%-cent range. Weakness in Kansas City wheat
      233 words
    • 826 5 COFFEE Robusta futures held above earlier session lows in late trading on Tuesday, underpinned by an upturn in New York, though the market closed mostly lower, with active months £10 to £20 down. Physicals were subdued, although some talk circulated of Ivory Coast shipper interest. Recently, second-hand business
      826 words
    • 414 5 SINGAPORE The market closed slightly lower yesterday with March One RSS buyers quoted at 193.00 cents per kg, down 0.25 cent from Tuesday. Dealers said the morning session ended 0.25 cents lower in quiet trading on lack of follow-through buying, after firming earlier on some speculative buying and short-covering.
      414 words
    • 82 5 (carts/kg, 1 -tor patten) MAR 87 APR 87 (currant month) (forward month) NOON NOON RAS kym 5»W»r» ■uyaa |rl SSI 30 181.00 183.00N 182.00 184.00N SSI so 179.00 181.00N 180.00 183.00N MRELB luyan *»<lten by«n SMI CV 387.30 389JON 388.50 390JON SMI L 388.00 390.00N 389.00 391.00N
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    • 692 5 Reuter MAJOR COFFEE growing and consuming nations agreed on Tuesday to hold crisis talks later this month to try to clinch an elusive accord to assign export quotas and end a period of wildly fluctuating prices. The International Coffee Organisation (ICO), a regulatory group
      Reuter  -  692 words
  • Page 5 Advertisements
    • 9 5 The Oil ft Products report was not available yesterday.
      9 words
    • 112 5 B*U*S•I-N*E-S S W O R L D m m imr -X m a. A I 3: <vx *WmtNn< i v \\X ii A STEELCASE STUDY IN SUCCESS a li! .»rip; r!vv*TTini LL!LiJIfS-_L..x J;,, W H i ~i* nHgg^gMg^glSiJlSSEiiSS Si f|:> J CrT fir™"rT7?Rii.L^:';. ffWji|iiP 1| hII 1 m piappiaii 11
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  • BANKING AND FINANCE
    • 605 6 NYT WHILE SECURITIES DEALERS worried that hopes for lower US interest rates may be fading, yields moved up on Tuesday as market participants began bidding for this week's US$29 billion worth of new Treasury note and bond issues. Interest rates on the Treasury
      NYT  -  605 words
    • 432 6 FT BUOYED BY an unusually heavy inflow of foreign capital, Canada's financial markets are putting on their strongest show in several years. The Canadian dollar, which just a year ago touched an all-time low of 69.10 US cents, sailed above 75 cents this week. More
      FT  -  432 words
    • 225 6 FT THE BANK OF ENGLAND is to be given greater powers to control acquisitions of large stakes in UK banks. The measures, announced on Monday by Mr lan Stewart, the Economic Secretary to the Treasury, follow several cases where UK merchant bankers
      FT  -  225 words
    • Article, Illustration
      614 6 SINGAPORE: The US dollar closed firmer yesterday against most major currencies aided by late buying and short-covering interest, in moderate trading. The dollar closed higher at 1.8065/75 marks against an early 1.7980/90 and New York's 1.7985/95 close. The greenback closed firmer at 152.50/60 yen compared with New York's
      614 words
    • 121 6 THE OVERNIGHT rate on the Singapore interbank market closed at 3-1/4 per cent yesterday, down 3/4 point from Tuesday's close. The one-month term rate ended unchanged while the two and threemonth rates rose by 1/16 point each. S$ Interbank rates at 7pm yesterday: Offer Ud Owni«ht 3 1/4
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    • 308 6 Asian market ASIAN DOLLAR deposit rates closed steady yesterday at opening levels in quiet afternoon trading. Activity was slow in the afternoon as most operators were Sidelined in the absence of fresh factors. News of a 2.1 per cent rise in US December leading indicators and moderate response to Tuesday
      308 words
    • 293 6 HONGKONG: The metal closed weaker yesterday in fairly active trading mainly on local physical selling. The strength of the US dollar dampened interest in gold and outweighed the growing tension in the Middle East as US naval forces gathered off the coast of Lebanon. The metal ended at
      293 words
    • 217 6 Interbank rates at 3pm yesterday: Local dollars to < Md ww unit of i OMr MM pari* Foroign currency: M. US dollar 2.1365 2.1375 ***** •24.23 Storting pound 3.2539 3.2575 7.3469 .55.71 AjyUroRon cioftor 1.4282 1.4310 3.4286 ,58.34 NZ dollar 1.1643 1.1670 3.4286 •66.04 Canadian dollar 1.6039 1.6059
      217 words
    • 605 6 BA Futures MARCH Eurodollar opened one tick lower at 93.71 yesterday on good US economic figure on Tuesday night but traded marginally higher to 93.73 on rumours of a discount rate cut by the Bank of Japan and the good demand for the first leg of the Treasury refunding
      BA Futures  -  605 words
  • Page 6 Advertisements
    • 717 6 VAN DER HORST LIMITED The Board of Directors of Van der Horst Ltd wish to make the following announcement: 1) UNAUDITED RESULTS FOR THE YEA* ENXD 30 SEPTEMBER, 1986 a) Turnover b) Investment other Income excluding Extraordinary Items 2) a) Consolidated Operating Protit/(Loss) before Income Tax, Minority Interest Extraordinary Items
      717 words
    • 99 6 APPOINTMENT I INTERNATIONAL PORT ORGANISATION ON THE CONTINENT OF WEST EUROPE Seeks Expansion for its regular liner agency division to and from the South-East Asian Basin (have no present commitments to/from this area) offers: Fully equipped competent staff and sales, particularly strong in transport, stevedoring (own terminals), warehousing and distribution
      99 words

  • WORLD BACKGROUND
    • 996 7 NYT EAGER YOUNG MEN clutching fistfuls of cash line the sidewalks along a stretch of Ferdowsi Street just a hundred yards or so from the main offices of Iran's central bank in Teheran. Passers-by are unabashedly offered the chance
      NYT  -  996 words
    • 694 7  -  Only marginal rise in sales forecast Although an agreement was reached last year on the minimum prices for Japanese chips sold in the US, the trade pact has not helped to stabilise the market. Indeed, US chip makers find that their very survival is
      Reuter  -  694 words
    • 652 7 Reuter A STRIKE by engineers at British Telecom (BT), the firm that played a key role in the conservative government's denationalisation drive, has brought a new twist to the country's history of troubled labour relations. Industry analysts say that the dispute in
      Reuter  -  652 words
    • 806 7 NYT A WELL-KNOWN Sydney businessman recently stunned his colleagues by suggesting that Australia quadruple its population by allowing more people to immigrate. Jaws fell further when Kerry Packer, one of Australia's most successful media magnates, added that more Asians, already settling in Sydney in
      NYT  -  806 words
  • Page 7 Advertisements
    • 77 7 Choose from WIS Kampachi's exquisite kampacw Japanese Set Lunches Japanese Restaurant jf, e lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of \apanese lunches. Priced at only $16++ per set, they
      77 words

  • FEATURES
    • 497 8 PROFESSOR Yang Chen Ning, Nobel physics laureate and scientific adviser to the Singapore government, thinks that Singapore's university education system is lop-sided and bottom heavy. Too many undergraduates are concentrated in a handful of applied disciplines, and only a few want to go into research after
      497 words
    • 1294 8  -  German airline has no plans to expand services to Singapore Air traffic between West Germany and Singapore has more than doubled in the past decade. Singapore Airlines is keen to expand its services. So too are German airport authorities eager to have more Asian
      1,294 words
    • 659 8 SOME RESIDENTS might grumble, but business communities in the West German cities of Dusseldorf, Munich and Hamburg are all anxious to have more international flights heading their way. Although West Germany has four international airports, the hub of international air travel has
      659 words
  • Page 8 Advertisements
    • 96 8 'SIX* m m Vj I—' IJ V To make sure you make the most of the time you are not working, you need Executive Lifestyle on Saturday as much as you need Business Times through the week. Lifestyle is of crucial importance for all executives who realise that a healthy
      96 words
  • Page 8 Miscellaneous
    • 682 8 CRYPTIC PUZZLE ACROSS 1 A letter to revise, nominally (6) 7 I'm in landed property, you'll judge (8) 8 Enjoy being in Kiel? (4) 10 Cried as no dame can possibly do (6) 11 A reign as queen (6) 14 Star it as a TV character of celestial nature (3)
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  • SPORTS
    • 306 9 AP SLOBODAN Zivojinovic of Yugoslavia became the first of the 16 seeded players in the US pro indoor tennis championship to be eliminated on Tuesday, falling to Scott Davis of the United States, 6-3, 6-4. Davis took a 5-3 lead in
      AP  -  306 words
    • 159 9 AP FRANCE'S top-seeded Yannick Noah comfortably won his firstround match while his sixthseeded compatriot Tarik Benhabiles lost in the U*****,000 Lyon Grand Prix tennis tournament on Tuesday. Noah defeated Claudio Panatta of Italy, 6-1, 6-3. Sweden's Peter Lundgren, ranked just 99 in the
      AP  -  159 words
    • 362 9 UPI PORSCHE, taking its car racing operation into new territory, on Tuesday announced plans to enter oval racing and participate at the Indianapolis 500. According to company executives, Porsche is largely embarking on the venture because more than half its sales is concentrated in the
      UPI  -  362 words
    • 201 9 AP AN INTERNATIONAL American football tournament, featuring teams from up to 16 nations, will be held in Australia next year, the Australian American Football League announced on Tuesday. AAFL commissioner Randall Trudgen said teams from the United States, New Zealand, Japan, Great Britain, Switzerland,
      AP  -  201 words
    • 433 9  -  Touring cricketers coming for two matches By WALTON MORAIS. A TOUCH of English cricket will grace the Singapore Cricket Club's lawns when a touring English side stops over for two matches next week. The Normandy Nomads, a team described as a "good-stan-dard English club side"
      433 words
    • 620 9 UPI DENNIS CONNER'S Stars and Stripes whipped Australia's Kookaburra 111 yesterday by 1:50 to sweep the 26th America's Cup in four races and reclaim the world's oldest sporting trophy for the US. Conner, the first skipper to win the trophy, lose it and win
      UPI  -  620 words
    • 308 9 AFP THE International 12-Metre Class Association plans to put its world championships up for auction like the Olympic Games. Association spokesman Harold Cudmore said on Tuesday that while the world championships did not rate equally with the America's Cup, they still carried a substantial economic
      AFP  -  308 words
    • 320 9 AFP THE Kookaburra syndicate defending the America's Cup will almost double its budget to U5532.5 million for the next campaign. Kevin Parry, chairman of the Taskforce 87 Kookaburra syndicate, said on Tuesday most of the money would go towards further research and development
      AFP  -  320 words
  • Page 9 Advertisements
    • 244 9 NOTICE NOTICE IS HEREBY GIVEN that. I Chua Gim Heng of No. 215 Ang Mo Kio Ave 1, #01-893 Singapore (2056), have applied for a Second Class Beer House licence in respect of premises at M/s. Mui Heng Snack Corner at 604 Sembawang Rd #04-19 Sembawang Shpg. Ctr. Singapore (2775),
      244 words
    • 242 9 NOTICE NOTICE IS HEREBY GIVEN that, I Tan Kweng Nam of No. 365 Holland Rd #07-03 Allsworth Park Singapore (1027), have applied for a First Class Beer House licence in respect of premises at M/s. Sin Sin Restn Coffee Hse Pte Ltd at 221 Boon Lay Place #02-172 Singapore (2264),
      242 words
  • Page 9 Miscellaneous
    • 1109 9 wj on® mm THURSDAY FEATURE SPECIAL Peny Mason Returns 10.30pm, Channel 5 is* (k' 4~Z4 v Raymond Burr (left) is best known for his portrayal of the title series "Perry Mason", and he is back once again as the peerless defender in the courtroom. This time Delia Street stands accused
      1,109 words

  • INTERNATIONAL STOCKS
    • 567 10 FT THE STOCK EXCHANGE in London will disclose plans to become the world's leading centre for the fast-grow-ing market in internationally traded shares. It aims to develop a new trading system on which as many as 200 mar-ket-making firms all over
      FT  -  567 words
    • 395 10 Reuter WALL STREET stock prices closed mixed in active trading on Tuesday. The blue chip average was whittled down by profit taking and sporadic arbitrage related sell programmes throughout the day. but the broader market managed to post a small gain as dollar-sensitive issues rose.
      Reuter  -  395 words
    • 131 10 pes n Ct Imp Oil» A 56* 17* AbMbi 37* 1* In* nlgkA ml rTOV Kip# 46% 1* lu Intt 22* 10* Karr Addlaon 16* K Bank Nova Scotia.... 19* LoMaw Co McMII BkM 12* 56 •K 1 40* Moiaon A 25* 31* 30* 25* Braacan CI A .31*
      131 words
    • 212 10 n m MOU A Alpha. RAND •TRIALS ***** Tongaat Truat Bk. Un Staal WooNru 990 136 906 1560 5 unch unch Abarcom Aad 390 1660 +5 Angk». 7060 -25 ssir 490 9190 -6 unch -6 75 Blyvoor BuMs. 2460 7900 50 unch C Q Smith 3390 Charter 2100 CNA.
      212 words
    • 555 10 u 34* 1* Alcoa 41% 1* Allag Infl 13* Alllad SJfl 46* -1* Allia-Chalmara Am Brands Inc 2* 50* as* unch 1* as* 31* Am Expraaa #7* -1* Am Horn* Prod 82* 3* IS* Amtridi Hmi 27* 73* -ft 56* 1 18* 67* AM 23* •1 Avon Products
      555 words
    • 723 10 Amsterdam m FL6 ABN 506.50 -4 5 AhoW Akzo 79 70 ***** 132.20 •1 -06 -2.3 Alranta AMEV Amro Bank Am Stad Baffcal BOLS 141.90 66.30 66.00 124.90 22.40 156.00 unch -t -09 -1.2 1.1 -1 Borsumij Boahrman TaOan Caiva 136 50 Mta 52 00 666 234.00 -0.5
      723 words
    • 49 10 Reuter CHARLES SCHWAB, the leader of a group of investors who announced the repurchase of Charles Schwab and Co from Bank America Corp, said the brokerage firm plans to expand its services as soon as it is free of restrictive laws governing the banking industry.
      Reuter  -  49 words
  • Page 10 Advertisements
    • 498 10 Wtere id wiae, dlae m& entertaia The Drums Roll and A Special Ceremony takes place at 8.15 pm every Thursday... The Executive Chef will then ceremonially carve a succulent roast, done to a turn on the one and only roasting spit in town. Treat yourself to a hearty slice of
      498 words
    • 133 10 London stocks on Pago 13 May we introduce you to a most mouth marinated Sichuan bird. The inimitable Long Jiang Drunken Chicken. Prime and plump. It's so staggeringly good you'll be tempted to try the rest of our 230 Sichuan dishes. Now that's a sobering thought Come for lunch or
      133 words

  • ASIAN STOCKS
    • 342 11 HONGKONG: A bull run yesterday led the Hang Seng Index to a new high of 2,636.63 points, after gaining 30.25 points. The previous record close was 2,614.87 on Jan 12. The Hong Kong Index rose 20.01 to 1,691.78. Turnover was HKSI.IB billion. Brokers said foreign institutional buying was buoyed
      342 words
    • 203 11 m M MT« 2.38 Kuochan Oav Laa Chang Yuan Cham Indua Lian Hwa Indus Nan Ya Plaa Pacific Cons .25.40 -0.1 -0.6 -0.7 -0.4 •0.4 Asia Camant Cathay Cons Chang Hwa Bank.... 31.80 .38.90 52.00 •0.2 •0.6 2.4 33.40 21.00 37.60 25.10 Chia Main Camant.. Chin Hsin Flour. China
      203 words
    • 388 11 TOKYO: Shares closed mixed yesterday in heavy trade as investors shuffled their portfolios ahead of next Monday's listing of shares of Nippon Telegraph and Telephone. The market average closed up 17.54 at 19,973.87. Losers led gainers nine to eight in turnover of 1.5 billion shares. Gas, shipbuilding, shipping and
      388 words
    • 90 11 FEB M 1 PCSOS +b Oriental B 0.09 -0 003 Acoja Mining 0 0625 Anglo Phil 0 004 •0.001 Phllax B 050 •0 01 A pax Mining B 0 07 Atlaa Con B 20 unch PLOT 267 50 2.5 Biguio Gold 0.006 -0.001 San Migual B 116 UOCfl 0
      90 words
    • 453 11 SYDNEY: Australian share markets closed stronger yesterday as local and overseas investors continued to look for bargains among gold and blue chip industrials. Brokers said sellers retreated on a lack of negative news but the market remained nervous and further corrections were possible. Entrepreneurs such as FAI, Elders IXL
      453 words
    • 109 11 MS M WON Kangwon Ind ***** 600 1652 -12 CMI Sugar 3020 100 Daoilm Ind Daewoo Corp 470 915 6 36 Korea Long Torm 1630 30 Daewoo Hmvv Deiahin Securtttea Dong Ah Phar Dong Suh Stock.. Doogbu Stool 1306 3728 ***** ***** 2100 15 *2 600 -300 100 Oriental
      109 words
    • 144 11 Reuter BANGKOK: The Stock Exchange of Thailand Index slid 0.51 to 211.15 on a turnover of 921,619 shares valued at 162 million baht. PU 04 BAHT Stfta Union Siam Camant Siam City 173 625 666 unch -6 6 Ayudhya Inveetmem L 256 73 -6 -2 Siam Com marclal 464
      Reuter  -  144 words
    • 78 11 Reuter MORE THAN 1,600 foreign firms from 37 countries have opened offices in China since Beijing began its open-door policy seven years ago, over a third of them Japanese. The official People's Daily said Japan is represented by 600 firms, followed by US with over
      Reuter  -  78 words
    • 291 11 Company to pay Csso7m for 47pc stake Reuter FLETCHER CHALLENGE, a leading New Zealand company, is buying effective control of a giant Canadian paper maker to form a group that will be the world's second largest producer of newsprint. Fletcher announced it would
      Reuter  -  291 words
    • 195 11 Reuter A SPOKESMAN of Japan's Finance Ministry has denied a local newspaper report that the government has decided to sell all its shares of Japan Air Lines Co Ltd late this year. The Nihon Keizai Shimbun reported that the
      Reuter  -  195 words
    • 98 11 AFP JAPAN'S second largest carmaker, Nissan Motor Co, and the world's largest computer maker, International Business Machines Corp's subsidiary, IBM Japan, will start systems engineering service in Japan. A company spokesmen said on Tuesday that the two will shortly establish a joint venture company to
      AFP  -  98 words
    • 116 11 Reuter FAI INSURANCES LTD remains a long-term investor in British merchant bank Hill Samuel Group PLC, FAI investment manager Rodney Adler said in Sydney. He had been asked to comment on Hill Samuel's London statement on Monday that FAl's involvement was unwelcome. FAI said on
      Reuter  -  116 words
    • 57 11 Reuter THE NEW ZEALAND Stock Exchange (NZSE) has launched two new share market indices. Both cover all shares listed on the exchange. The Capital Index will allow for the effect of dividend payments on capitalisation and therefore reflects the fall when shares become ex-dividend. The Gross
      Reuter  -  57 words
  • Page 11 Advertisements
    • 431 11 Witet* to want. aai eriiertoiu ["jj= safety cjrrj>ika the original ma|id satay of kuala lumpur Now Available at... *Qqf* ts*7&r*nd < 6 sticks of satay $4.00 i Served with Cucumber, Ketupat I and Peanut Sauce HOTKL GRAND CKNTRAI, 22, Orchard Road/Cavenagh Road Singapore 0922. Tel: *****44. *4 J There's a
      431 words
    • 103 11 $12.50 ONI BUFFET-LUNCH COMBINING THE BEST OF EASTERN WESTERN DISHES I f Lunch Hours: 12 noon 2.30pm (Mon to Sat) 11,30 am 2.30pm (Sun Public Holidays) 19, Calmhill Circle, Singapore 0922. Tel: *****22 Telex: RS ***** BIG BONUS MENUS AT THE FRAGRANT BLOSSOM RESTAURANT Stacking Pig. Btaiaad Shade** Rn with
      103 words

  • SHARE INFORMATION
    • 4137 12 THE SINGAPORE stock market closed slightly higher in fairly active trading yesterday. The Straits Times Industrial Index rose marginally by 0.14 point to 972.97 while the BT Composite Index went up 1.93 points to 865.65. Total volume declined to 38.2 million shares worth
      4,137 words
    • 257 12 SINGAPORE RIms Indl COS Nk3 Pab 4 "Indan AM 260 42 IT CiipnUi 1*372 ff f f M A A 2*2 32 IT Mm *****904 3******9 Tiorimm 340 2* •TOt/OS 90 +142 CCM 450 20 IT CADI •***5 1 DBS 1090 15 ITOIV +20*119 2345*7 lodwa «Ma
      257 words
    • 3927 12 SECTION ONE mm hial COMMERCIAL Aono (1.43 Si a 142 161 1.41 (S 1.40 14) 142 Alcooi O 64 6 0 67 SI (21 0 65 14) 044 (II) 047 Amol Stool 50# (1.49 I 50 SI 0) 1.51 (38 149 031 ISO (3S 1.46
      3,927 words
    • 237 12 Managers' priccs MARA-Bumiputra for Feb 5 First B'putro 565 5 70 Second B'putro 5.08 513 Singapore Unit Trust Third B'putro 400 407 The Commerce 097 104 fourth B'putro Fifth B'putro 4.58 300 303 142 4.37 327 244 463 306 3.08 147 442 3.® 289 The Sovings Fund OA
      237 words

  • COMPANY NEWS
    • 440 13 SATERAS RESOURCES (M) Bhd (formerly known as Synthetic Resins) disclosed that BMW Concessionaires (M) Sdn Bhd has been placed under receivership by two Malaysian banks. BMW Concessionaires, the former distributor of BMW cars in Malaysia, is 60 per cent owned by Sarawak
      440 words
    • 210 13 MULTI-PURPOSE Holdings Bhd has declined comment on a BT report that an agreement has been reached by three Malaysian banks to refinance part of its US$4l million revolving underwriting facility taken in 1985. A Multi-Purpose spokesman was quoted by Malaysian Business Times as saying that
      210 words
    • 540 13  -  By AMY CHEOK RETAILING GROUP Robinson Co Ltd has returned to profitability after being stuck in the red for the past four years. Robinson's chief executive Alan French, saddled with the task of turning the depertment store group around when he was appointed in July
      540 words
    • 180 13 CITICORP Investment Bank has been approved as a registered market-maker and clearing participant of the second securities market, Sesdaq. The list of merchant banks and stockbroking firms participating in Sesdaq now stands at 23 and is still growing. MR JACK CHIARAPURK has again sold another block of shares
      180 words
    • 2792 13 BID and offer prices officially listed and hminpss In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Alcom (80S) (7)7812)77(2)***** AJSB (668) (41 62 (2) 64
      2,792 words
    • 836 13 SHARES yesterday drifted lower in early dealings as professional investors again marked prices down, attempting to flush out sellers after the recent advances. But dealers said activity was light in the morning and prices appeared to be steadying after the initial moves. By 0926 GMT, the FTSE 100
      836 words
    • 281 13  -  By ELAINE KOH GEORGE KENT Malaysia's proposed acquisition of a 20-per-cent stake in CI Holdings has attracted another attack from the Malaysian Investors' Association (MIA) which claims that George Kent gave false information to its shareholders and the press. According to MIA, which
      281 words
    • 368 13 THE UPBEAT sentiment continued for the second day running on the Kuala Lumpur stock market yesterday. Share prices were taken to higher ground in active trading. It was a buyers' market right from the opening bell with a broad spectrum of counters opening
      368 words
    • 105 13 HONGKONG Hongkong Index Wednesday 1691.78 Tuesday 1671.77 Week ogo 1637 62 Hang Sang Indax Wednesday 2636.63* Tuesday *****8 Week ogo 2553.25 All Industrials Wednesday ***** Tuesday 2372.8 Week ogo 2400.0 NEW YORK Dow Jonas Tuesday 2168.45 Monday *****2* Week ago 2150.45 TOKYO Nikkoi Average Wednesday *****.87 Tuesday *****.33
      105 words
    • 182 13 WEARNE BROTHERS, UmMed: 72nd AGM at 65 Chulia Street. #19-00. OCBC Centre, Singapore 0104, on Wednesday, Feb 11, at 10.30am. CI HOLDINGS Berhad: EGM at Anggerik Room, 4th Floor, Hotel Equatorial, Jalan Sultan Ismail, ***** Kuala Lumpur, on Feb 14 at 9.30am. 9 SINGAPORE PRESS HOLDMGS Umlled: 2nd
      182 words
  • Page 13 Advertisements
    • 183 13 NOTICE IN THE MATTER OF THE COMPANIES ACT CHAPTER 185 BEN HWA NEW INDUSTRIES (PRIVATE) LIMITED (In Members' Voluntary Liquidation) FINAL MEETING OF MEMBERS NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Cap. 185 that a Final General Meeting of the Members of the abovenamed company
      183 words
    • 136 13 LTCB The Long-Term CredH Bank of Japan Limited NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE STH AUGUST, 1988 In accordance with the provisions of the Certificates of Deposit notice is hereby given that for the Interest Period from sth February, 1987 to sth August 1987 the Certificates will
      136 words

  • 544 14  -  Exchange to attract more members By SOH TIANG KENG, Financial Correspondent BUILDING on the strong increase in turnover last year, the Singapore International Monetary Exchange (Simex) is setting its sights on achieving its target of 10,000 contracts daily by the first quarter of next
    544 words
  • 383 14 Reuter PRESIDENT Ronald Reagan is continuing US nuclear tests and is said to be leaning towards partial deployment of his "Star Wars" missile defence project in the early 1990s in spite of objections from Moscow to both policies. Mr
    Reuter  -  383 words
  • 127 14 Reuter THE SOVIET UNION yesterday condemned the latest US nuclear test as a provocation and hinted it would soon resume its own testing programme after a pause of almost 18 months. Reacting to the underground explosion on Tuesday at the US Nevada test site, the
    Reuter  -  127 words
  • 180 14 Reuter SAUDI ARABIA is sticking to its Opec quota and making a determined effort to foster stability in the oil market. US and Saudi officials pointed to efforts by Saudi Arabia, the world's biggest oil exporter, to get away from short-term contracts as evidence
    Reuter  -  180 words
  • 273 14 Reuter THE SOUTH AFRICAN government has again ruled out blacks in Parliament or an early end to the national state of emergency. President P W Botha told the White House of Assembly yesterday that the idea of a fourth chamber of Parliament for
    Reuter  -  273 words
  • 269 14 AFP JAPAN registered a record surplus last year in its trade with the European Economic Community, but there are signs of growth in two-way trade, EEC official Hugh Richardson said in Tokyo yesterday. Mr Richardson, deputy
    AFP  -  269 words
  • 175 14 UPI PRESIDENT Corazon Aquino has created a committee to organise a first anniversary celebration of the civilian-backed military revolt that swept her to power last February. The committee includes Defence Minister Rafael lleto, Agriculture Minister Ramon Mitra, Budget Minister Alberto Romulo, Armed Forces chief General
    UPI  -  175 words
  • 193 14 Bernama FORMER Lord President of the then Federal Court, Tun Mohamad Suffian, warned yesterday against any attempt to undermine the independence enjoyed by Malaysia's judiciary, saying that the consequences of a judiciary subject to political influence are grave. He said it is "most important"
    Bernama  -  193 words
  • 409 14 Agencies MALAYSIA'S Deputy Foreign Minister Abdul Kadir Sheikh Fadzier said yesterday that Malaysia wished to see a strong and resilient Philippines as this will en? hance regional stability and resilience. Commenting on President Corazon Aquino's landslide plebiscite victory in Manila, he said: "I'm sure
    Agencies  -  409 words
  • 153 14 AP BOLSTERED by the victory of its new constitution, the Philippine government yesterday appealed to the communists to resume peace talks and said it would require the restive military to swear allegiance to the charter. Presidential spokesman Teodoro Benigno said the huge "yes" vote for
    AP  -  153 words
  • 74 14 Reuter COMEX GOLD FUTURES hovered at unchanged levels in quiet dealings yesterday morning, with selling on a higher dollar countered by buying on fresh tensions in the Middle East. Gold for delivery in April was off US$O.lO at U*****.10 an ounce, holding a narrow trading range of U*****.60/U*****.10.
    Reuter  -  74 words
  • 80 14 Reuter WALL STREET stock prices jumped at the opening bell and then reversed to turn mixed yesterday. A slightly higher dollar and optimism in currency markets that G-5 nations will meet in the next few weeks in an effort to stabilise the ailing currency caused some concern
    Reuter  -  80 words
  • LATE FILE
    • 46 14 AP THE International Monetary Fund has decided to cioee its representative office in Seoul after 20 years of operation. Yesterday's announcement said the closing, expected by July, was to save funds and because the office's advisory service was no longer required. AP
      AP  -  46 words
    • 52 14 Reuter INDONESIA'S President Suharto arrives in Malaysia today for talks with Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad. Major topics will be Malaysia's concern over an influx of illegal immigrants from Indonesia in recent years and the need for better cooperation in the primary
      Reuter  -  52 words
    • 35 14 Reuter A WORLD shipping conference opening in Bombay today will urge governments and maritime industries to combat recession by reducing the surplus shipping fleet, said delegates to the two-day meeting. Reuter
      Reuter  -  35 words
    • 35 14 AFP A RECORD 1.6 million tourists visited Tsiwan last year, nearly 11 per cent up on the previous year, while fewer Taiwanese went abroad, said a Tourism Bureau official yesterday. AFP
      AFP  -  35 words
    • 46 14 Reuter JAPANESE Finance Minister Kiichi Miyazawa said yesterday Tokyo will not restrict speculative currency trading in the foreign exchange market despite the yen's rapid rise. He said such a move would run counter to the ongoing liberalisation of capital transactions. Reuter
      Reuter  -  46 words
    • 48 14 AFP BEUING yesterday confirmed that Wang Rezhi, seen as a conservative figure within the Chinese leadership, had replaced Zhou Houze as the communist party's propaganda chief. A government spokesman said Mr Wang, a member of the central committee, was the new propaganda chief. AFP
      AFP  -  48 words
    • 49 14 Reuter A MANILA court will arraign today 22 of 26 man linkad to tha 1983 murder of president Corazon Aquino's husband Benigno and prosecutors expressed confidence of a conviction this time. The 26 men were cleared of murder charges in a 1985 trial. Reuter
      Reuter  -  49 words
    • 42 14 AP A NEW evening newspaper appeared in Jakarta yesterday, five months after the government banned the country's largest evening paper, Sinar Harapan. Information Minister Harmoko said Suara Pembangunan would not be a substitute for Sinar Harapan. AP
      AP  -  42 words
  • Page 14 Advertisements
    • 247 14 N HiU will go on, Pago 3 20th-21st FEBRUARY. 1987 Stock naifiet Investment A practical saminki AwoifcsriQp structured to equip professionals and investors with the necessary tools and insight to meet the highly competitive chalengas of today's markets. Starling with fundamental concepts of Technical Analysis, the workshop w* take participants
      247 words
    • 14 14 What Rtagan thinks, Pagi 3 Th« silver report was not iviiltblt at prtM Mum. <}'.!!(/>@_|~|?[^/'%{:;\{!%^%"=
      14 words
  • Page 14 Miscellaneous

  • SHIPPING TIMES
    • 502 15  -  By JUNE LIM OVERLOADING, improper stowage and ingress of water through damaged starboard side led to the sinking of the Hoelien. This conclusion was reached by the court of investigation after a lengthy hearing last November into the causes leading to
      502 words
    • 427 15 A SECOND attempt has been made in less than a year to bring in a foreign party to save and improve the financial standing of state-owned Thai Maritime Navigation Co. The first bid to merge TMNC with the German Deutsch African Line (DAL)
      427 words
    • PORTSIDES
      • 89 15 AFP FINNISH LAPLAND, legendary home of Santa Claus, next year will get another attraction a 15-metre submarine that will take tourists for underwater trips in mountain lakes. The 46-passenger submarine, the first of its kind in Europe, will be delivered in early 1988, under a 10-million Finnish
        AFP  -  89 words
      • 31 15 Reuter THE AUSTRALIA to Europe Shipping Conference will alter its bunker adjustment factor (BAF) to minus 3.45 per cent from minus 8.74 per cent, effective Feb 18. Reuter
        Reuter  -  31 words
      • 58 15 AFP MITSUI SHIPBUILDING and Engineering (Zosen) Co has signed a contract with Thai Polyethylene Co to build a high density polyethylene manufacturing plant in Thailand. It said the U5526.3-million plant with an annual production capacity of 60,000 tons would be built in Rayon Province. The plan
        AFP  -  58 words
      • 81 15 JAPAN plans to build two 7,000-ton warships equipped with a new air defence missile system called Aegis, Japanese defence agency sources said. Aegis ships, mounted with highly sophisticated radar and computer equipment, are able to cope with several targets at once. The US Navy deploys
        81 words
    • 847 16 The master's dilemma to complain or not to complain Fairplay THE MASTER was disgusted. "He didn 't even put on a boiler suit," he said. "Just had a slap up lunch with the superintendent and signed the certificates. He was complaining about the safety equipment and loadline surveys that his
      Fairplay  -  847 words
    • 230 16 AFP THE DANISH sailors' union has urged Foreign Minister Uffe El-lemann-Jensen to stop a Dan-ish-registered cargo ship en route for Sri Lanka because it is allegedly carrying weapons to the country, which the union said was on the brink of civil war.
      AFP  -  230 words
    • 136 16 Reuter SWEDEN awarded the stateowned shipyard Gotaverken Arendal AB a 268 million crown contract to build an icebreaker against stiff Finnish and Japanese competition, Gotaverken president Rolf Bergstrand said. The vessel, of about 20,000 tonnes deadweight, will be built with the help of technology bought
      Reuter  -  136 words
    • 698 16 AB Shpg V 5 Accord Shpg VI 3 Alltrans VII 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 ASCI III 1 Bait-Canada Line VII 4/5 Bait-Orient Line VII 4/5 Bank Line V 5 BBS II 4/5 Ben line Cont V
      698 words
    • 1342 16 CHARTERING remains fairly quiet on Tuesday with the time-charter sector still attracting the bulk of business. shipbrokers said. Iron ore operators secured vessels from Nouadibou to Taranto at US$2.2O and from Brazil to Weserport at $5.85 while they paid $4.70 from Goa to Japan. The coal sector remains
      1,342 words
    • 177 17 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia. Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line
      177 words
    • 164 17 Bernama THE JOINT committee of the Malaysia Shipyard and Engineering Sdn (MSE) management and worker s union will meet on Monday to set the guidelines on the terms reached to avoid retrenchment of 600 of its workers. Union secretary Zulkifli Arshad told
      Bernama  -  164 words
    • 400 17 A SHARP IMPROVEMENT in the fourth quarter have lifted the fortunes of American President Companies. Net income for the fourth quarter rose from US$O.3 million in 1905 to US$lO.l million last year on a higher turnover of U*****.1 million compared with
      400 words
    • 148 17 COLOMBO PORT will have a new berth exclusively for the handling of oil cargo at the end of this year. The R5456 million berth, located between the two entry points to the harbour to the north-east and north-west often called the "island breakwater"
      148 words
    • 281 17 Lloyd's List DART CONTAINERLINE, part of the Hongkong-based Tung Group, will nearly double its North Atlantic capacity by the end of April, it was announced. The ambitious plan is part of the restructuring of the Tung Group involving the introduction of
      Lloyd's List  -  281 words
    • 224 17 AP FIVE FOREIGN shipbuilders have submitted bids for a US$l billion deal to provide the Saudi Arabia with submarines. Saudi Defence Minister Prince Sultan was speaking to reporters after raising the Saudi flag on a French-built frigate bought by Saudi Arabia to build
      AP  -  224 words
    • 169 17 UPI AN OVERLOADED ferry boat packed with vacationers capsized in a river in southeastern Zhejiang province, killing 31 people and leaving as many as 70 missing. The Shanghai-based Xinmin evening news said the accident occurred on Jan 25 on a river near the
      UPI  -  169 words
    • 208 17 ALL SURVEYS are conducted on Jan 27 1987. Argentina Buenos Aires 30 vessels operating. Australia Brisbane Normal operation. Melbourne Normal operation. Sydney Normal operation. Bangladesh Chalna 15 vessels operating. Chittagong 15 vessels operating. Brazil Santos Waiting time of up to 2 weeks. Cameroon Douala Normal operation. Canada Vancouver
      208 words
    • 6710 22 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      6,710 words
    • 1724 23 Who acts for whom The leading shipping lines operating from local ports and their agents A —B A Top Entarpriaaa Pta Lid Sam* (S). AB Shipping Boustaad Shpg Aganclaa. Afaa Una African Shpg Aganciaa (8). AhranMal Unar Kim Shpg (S). Alfrad C Toapfar Ocaanus Shipping Agancias (S) MuMport Sdn Bhd
      1,724 words
    • 1137 24 AT CONVENTIONAL WHARVES SEMBAWANQ VmmI KEPPEL WHARVES Als Prosperity Hulin tweri Koto Pelongi Kris Modura Ned Nagoya Pa An Sinlian Southern Cosmos Arrow Prince Equator Equator 4 Lin Petaling 2 PASIR PANJANG Berth Arrival K15 alongside K29 alongside K27 alongside K3I alongside K24E alongside K18 alongside K35
      1,137 words
    • 126 24 ArM/Port Vtecoetty CST et 50C Density G/ML et 15C Water Volume 0/0 Africa/Red Sea Jeddah Durban Arabian Gulf 109/184 50/157 0.944/0.971 0.974/0.992 0.1/2.5 0.0/0.5 Ras Tanura Bahrain Europe 112/165 181/184 0.940/0.951 0.974/0.978 0.0/0.1 0.1/0.2 Rotterdam Hamburg Le Havre Genoa Far Eaet 74/510 35/402 25/360 31/320 0.961/1.009
      126 words
  • Page 15 Advertisements
    • 726 15 *an M, m Mammoth Hunters Jean M. Auel 4 coronet books /WiilitHff sl IK Good Bookshops. OtyevrOmsMiygMMUNf mm avrw MKB (la*. m. ntm/ oor) \l| If/ 200 Cantonmant Road #1205 Southpomt. S-nfapore 0208 ■IllllM Td *****11 TELEX NO RS ***** rCmftfln TERMMM./CFS Id *****11 220 L VA 4 J BOOftMGS
      726 words
    • 61 15 [KMDB THE DANISH sailors' union has urged Foreign Minister Uffe Ellemann-Jensen to stop a Danishregistered cargo ship en route for Sri Lanka. Pag« II A SHARP IMPROVEMENT in the fourth quarter have lifted the fortunes of American President Companies. Page 111 Index to advertisers II Shipping schedules VIII London freights
      61 words
    • 642 15 SHE HAD POWER. SHE NEEDED LOVE. SHE WANTED REVENGE. Emma Hartc Is A WOMAN OF MAERSK LINE FAST TRANSIT SINGAPORE-ANTWERP 17 DAYS SINGAPORE-ROTTERDAM 18 DAYS SINGAPORE-BREMERHAVEN 19 DAYS SINGAPORE-HAMBURG 20 DAYS Th« week Mc-Kinney M Closing Timet CY 09/02 1500 MRS CFS 09/02 0600 MRS LEOA M. REQINA M. LOUS
      642 words

  • Page 16 Advertisements
    • 288 16 COMPA6NIE MARITIME D'AFFRETEM tit'Str OUTBOUND TO MEDITERRANEAN MBOUNO FROM N. CONTINENT/MEDITERRANEAN/ARABIAN GULF LE MAUVE KUWAIT .r KARACHI ■IN A Q A BOOS csie 3/2 12/2 13/2 WWW 27/2 173 2/3 AU Dates. Porte Rotation Are Sublet To dwif Without Notice. OCEANUS SHIPPING AGENCY PTE LTD HWM ANSON CENTRE. NMAKU 0207
      288 words
    • 319 16 marital« EUROPE/FAR EAST CONVENTIONAL SERVICE TEL: 03 *****60 MALAYSIA MM. MB. TLX: ***** AITII Frt. Booking contact Miss Gan kNG S PORE LOG. FOR Further load/ discharging ports en routs subisct to sufficient inducement Singapore Agent Goodrich Msritims Pts Ltd Tsl: *****35 Tlx: RS ***** GRMSIN B3C The Super System
      319 words

  • Page 17 Advertisements
    • 934 17 The Straits Steamship Group wm Mansfield Container Shipping Re Ltd noy\r*| P&O pP^Containers Limited Acctptlng Cargo Fori ■t to C*p*ah*(M, Aart Rm k AM**rp. taM mrnm ti *11 UK tmbmtm W^if, 1 1 a ;tii EMSIESnEnnJM H'bwt Blown BENAVON MM SMM LIVERPOOL BAT SMM MM CITY or EMNBUIKH MM mm
      934 words
    • 911 17 Franco Belgian Services t (MEMBER OF ACE CONSORTIUM) S'POREP KELANGLt Hitwß Im. rSIMM Hm I'Mww Ant Mm H*tair| KOREAN CHANCE i Fak Fak) SW MU BU IF* IMr 3Mr CR TOKYO IJm MJm CHINA CONTAINER 11 Fak (1 Fak) Ikr 3Mr 4Mr 7Mr IMr II Mr TRANSWWLO MIDGE 13 Jm
      911 words

  • Page 18 Advertisements
    • 320 18 CONTAINERS HIP SERVICE TO UK CONTINENT CONV SEMI CONTAINER SERVICE TO EUROPE CONV SEMI CONTAINER SERVICE TO MED EUROPE CQNTAINERSHIP SERVICE FROM UK CONTINENT SM SM SM Sid SW SW SM SW SM SM SU SM sid 1/21/2 mm up un 11/2 2*2 21/2 22/2 22/2 24/2 25/2 m up
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    • 549 18 FULLY CONTAINERISED SERVICE flO EUROPE VIA SUC/ ol thf cf Con-iP't'um S port P.Kaiao| LaHavra Rdaai Fstoara H byr| Artvarp KOREAN CHANCE 3BW V 2 (217) ZHJ Ht2 2V2 W2 3/3 CHINA CONTAINER 3W 11 It 1/7) 2/3 3/3 4/3 7/3 10/3 MERCATOR «W l»/2 (16/2) 9/3 10/3 11/3 14/3
      549 words
    • 244 18 Hai Sun Hup Co (Pte) Ltd L L Tf L ??0490f> I.'O I. MPS) Tlx RS ??Ohl &RS 20b7? i i \M ik\ \K i i\i k ill) STRAITS/JAPAN/STRAITS SERVICE SPECIALIST IN RO-RO ft HEAVY LIFTS Loading at appropriated Berth P4-P5 NOTE: ALSO CALUNG OTHER JAPANESE PORTS. HONGKONG. TAIWAN CHINESE
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    • 985 18 EVERGREEN Full Container Service lound-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER LEVEL 11/2 EVER GRAND 110 J ever clearty on EVER GOLDEN 4/3 EVER LAUREL *3 ALSO ACCEPTING CARGO TO: 1) mOVIOCNCt NEWARK. SAVANNAH. WILMINGTON REMRUOA. rrc S w up £2 1 chs «*c "AL HK ax ron an* m HR M
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  • Page 19 Advertisements
    • 747 19 v PACIFIC INTERNATIONAL LINES *W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE MA HAWK HOT A MNOA MA HAWK BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE I MA HAWK MA HAWK MA HAWK MA HAWK YOKO/KOB/BKK. RED SEA/EAST AND WEST
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    • 610 19 BLC BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT NAM R'HAVEN ROAM HAVRE STON P KLAM S PORE FOR navaa SmM bM MM MM SmM W 7P NK6. TVN frf* am SmM SwM SmM SmM MM 110 W KM ty EMwfh SmM SmM SM SmM
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    • 501 19 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESUM LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CINTJUNERSRIP SERVICES VSL/VOY A VESSEL MA TAR AM/17WB PALEM6ANG/IWB CAUDA BHAKTI/17WB KUTAI/UWB S. PANJANC/15WB sriwijaya/mwb OCCAM PRIMA/7WB AL» A^Vn^*s?T>r t c6#«TA^^?s T SsrJtirrKmAL CARGO VIA T/S TO UK IE HAVRE.
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    • 326 19 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR 101KAW VUI M AN VIOS PAGAN VUI (Burmese National Line) Loading for Rangoon S'port P.Kelang Penang Bangkok VU Fab 0/7 Fab to npm V»>«b BANK LINE ANJOU VIN TAMAITAI SAMOA VAN FOftTHBANK VltM IVY BANK VltN SPOKE RDAM HULL HMBC In Pt 7/3 11/3
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  • Page 20 Advertisements
    • 630 20 FEEOER VSL MOTHER VSL STORE PKIC PNG 4 FA SU F A. STAR VSS TBN VSL Kline KAWASAKI KISEN KAISHA, LTD.SPORE KOBE GUAYAQUIL CALLAO ARICA IQUIQUE AFACASTA S.ANTONIO VALPARAISO •FA 27 FA 7 Apr IS Apr U Apr ALSO ACCEPTING: SHANGHAI, MSINCKANC, MOJI. NANA, SHMUU VIA KOK. 5? KOREAN CHANCE
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    • 349 20 HAYAKAWA MARU 2230F S.A. VAAL 2329F OSAKA MARU ZI3IC HAYAKAWA MARU 2230G P.EIu C.T« Sk) Std 13/2 14/2 •Xv> JAROINE SHIPPING AGENCIES (REG. 242K4/OOK) 200 CANTONMENT ROAD #12-05 SOUTHPOINT, SINGAPORE 0201 W: *****11 TELEX NO: RS ***** TERMINAL/CFS Td. *****18-220 BOOKINGS T«J. *****34-235 FREIGHT LINKS EXPRESS PTE LTD SINGAPORE: TEL:
      349 words
    • 579 20 AUSTRALIA EXPRESS CONTAINER SERVICE FCWCI Containers ESTECLIPPER Vll 11 Ma AbomMih PCL/PCL ConUtnn gam™,. r SiSwtls. S3 "J* r SSSSSSSS™-* 10A. PRADESH V.J2H FA 10 NACALAND VMM 27 FA KaaSa/BaAev V. AMTABM V.4M 2 Mar SIS&i'KL* U U um, Ma*aa/HaMu/Cafctitta/C'Gon| RAMOAS V77M 12 Mar fnlimhn BiwJM<fT»lSi "LA'** vn aMv ate
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    • 655 20 GOLDEN LINE WK£> GUM GUAN SMPPMG (PTE) LTD V 21. M »»r SbM< "t vmutm iim ra, mnu <11 mi STRAITS/PERSIAN GULF SERVICE: s-poro pkm* fw* GOLDEN HAVEN Cotombo/KarKtM/Munl/IMti 11/12 Fob GOLDEN WONDER Cotanbo/Kanchi/Dufcot/Behmn 3/4 Mar CHINA OCEAN SHIPPING CO.. PEKING THE PEOPLE'S REPUBLIC OF CHINA P.KLAMG PENANG DESTINATION S/2
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    • 301 20 INTRASEA (PTE) LTD 15 Hoe Chiang Road aO7 02/03 Sanford Building Singapore 0208 Tel *****11 (10 Lines) Bulk Orient Line I BREAKBULK SERVICE TO EUROPE/UK S port P Koto* Loading tr R.V IMPORTER 001 In tat MM SETE/tOT/ANT/UK<HULL) M.V. ADELINA IT® 10/2 14/2 SETE/ROT/ANT /UK(NULL) flupQin INTRASEA (PTE) LTD WOKING
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  • Page 21 Advertisements
    • 643 21 NEPTUNE ORIENT LINES LTD; NEPTUNE AGENCIES Ml. LTD. FE EU/AUST TPA/SEA Tel No Offle* Terminal CFS BOOKINGS 271*77 *****8 *****42 2719)77 WlMtt mi XI *****42 Off DIRECT LINES 27Wlf 27WUI 2798U1 NEPLINE SON. BHD. 3M887 NEPLINE SON. BHD. ***** NEPLINE SON. BHO. UOO3S/tt7ttM27ttl*27«2 NEPLINE SDN. BHO. 2380M/*****1 of Mm ACE
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    • 459 21 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG. BUSAN, INCHON VooooTt Nam Sport PKi Mo 7 Donam/701N 10ft 137 No J Donam/TIUN 70/7 24/2 Inc Bus 74/7 t.'3i i z 1 No 7 Donam/7Q2N 14/3 20/3 Sfl No« Doa»m,7tßN 2C/3 JOfl 10/4 jr« attsjssar MP 11
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    • 543 21 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 Telex Numbers RS ***** RS ***** RS ***** P. KELANC SSHARIKAT UTAH SOON SON. BHD IST AND 2ND FLOOR. 1. JALAN CEMPENIM, PORT KLANG, MALAYSIA
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    • 88 21 \i/ 7.5//// V ta L/\f HONCKONC STRAirt Hongkong Sinppofi Saitad P.Klang Panan( RIAU V.IA Saiwa YOSHI UHI V.IIA Saitad SUN HOPE V.&A Sailod HERCULES V.IA 12/2 17/2 Caoaral Survey for MV. Riau V.IA, MV. VoaM Uni V.IIA ft MV. Sun Hopa V.SA will ha hatd on tha sth, 7th ft
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  • Page 22 Advertisements
    • 303 22 iffifj l REGIONAL CONTAINER LINES TO BANGKOK (4 SAILINGS A WEEK) VESSEL SIRI BHUM SEA DRAGON JENLINK PITA BHUM PITA BHUM SIR) BHUM SEA MACON lEM E531E373H CEHI EES irr^ii I EH dJS E3?9 TO P.KELANG PENANG (2 SAILINGS A WEEK) VESSEL BUNGA BUTANG RATANA BHUM unzz RATANA BHUM BUNGA
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  • Page 22 Miscellaneous
    • 181 22 fd Regional Weather 7i r dL s s > .1 K 0? m m oo^-O /Ji SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature c Shower Weather Wind dtrection with speed m knots Ram Cloudy Sky Wov„ h.,*, Surface winds are indicated by arrows
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  • Page 23 Advertisements
    • 209 23 mmm CALL US AT: K. LUMPUR 242*»/242»56/242«948/*****93 P. KELANG *****53 PENANG 04-*****2/4, *****3 J. BAHRU 07-22M68, *****1, 222(35 P. GUDANG 07-*****1, *****3, *****5, *****0 SINGAPORE 02-*****22 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER P.KELANG rn a. wtanc ni I. (UTAJK JU a. auTAM as ai OTHER DESTINATIONS: AARHUS. AMSTTEBttAH
      209 words
    • 354 23 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE RattyAl*»/ UK(Nmpart) Rett/AMw,I UK (M—port) SINGAPORE k*tkelang KOTA KINABALU TC. HANI CALICO SHIPPING PTE LTD Tjtaaw tic ts am cauco fax. man KKKAf ALAN UTAMA SON RMO Tat MUNI kesawan SHIPPING son bmo T* (J Dm) Fa*: Btte RASA MUHIBBAH SON BHD Tat
      354 words

  • Page 24 Advertisements
    • 111 24 fs' K S LINE 1 JAPAN HONG KONG/STHAITS SbHWIUt LOADING FOR P. KELANG ON TROPICAL MARINA SANKYO LINE (S) PTE. LTD. 143 Cecrl Street »!0 01 GB Butldmi S pore 0106 lei 19?bS Potl Ketang liga Pmj Shrpf>m|> Sdn Bhd lei 03 *****?! ■> P* wf Irjde K liansport ltd
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    • 453 24 I SAILINGS EVERY TUESDAY ACCWTMQ CARGO (LCL ft FCL) FOR: DAKAR, FREETOWN, MONROVIA. AROJAN, TEMA, LOME, LAQOR OOUALA HUH MMI PAKHV MdCf'lNt, I'll I 111 I .-I •> SillKh iV'i.'h 0< v /Jj}/ If Oil' MitsirtOSK.Lines Ltd CONVENTIONAL/SEMI-CONTAINER I! AFRICA'S 1 awj'jj FULL CONTAINER SERVICES SEE MONDAY. WEDNESDAY. FRIDAY ADVERTISEMENT
      453 words
    • 40 24 UNI-OCEAN LINES PTE. LTD. WR 40 St #02-01 m k.ld«g S'po»« 0104 Tal: *****66 15 bnnl T»l«t B ***** UNtSHtf A CONTINENT PACIFIC CONTAINER LINE BOO* VC 4&CSTS FPE'GHTPA rOPVSARDFP ?AP EAST CO Tel 53?5064 *****58 TLX 3~66Z FA* 533
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