The Business Times, 10 February 1987

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, FEBRUARY 10, 1987 75 CENTS
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  • 207 1 Overseas markets Monday HK Hang Song Index 2713.67 40.10) Tokyo Nikkei Average *****.32 (+129.11) Sydney All-Ordinaries 1554.7 (+16.2) Friday New York (Dow Jones) 2186.87 (-14.62) London (FT 30 Index) 1508.9 22.7) 1528.3 (noon, Monday) Exchange rales THE SINGAPORE dollar ended at $2.1580/70 against the US dollar yesterday,
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  • 184 1 SHARE PRICES closed mixed in fairly active trading yesterday, with interest spread between Malaysian lower liners and selected local blue chipe. The Straits Times Industrial Index climbed 8.38 points to 972.34 while the all-sector BT Composite index closed 8.78 points higher at 887.89.
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  • 133 1 OVERTIME earnings should continue to be subject to Central Provident Fund contributions by both employers and workers, Labour Minister Lee Yock Suan said yesterday. Speaking to reporters after addressing the opening of the first Asian industrial relations congress at Shangri-La Hotel, he
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  • 473 1  -  By JUNE LIM SOUTHERN OCEAN Shipbuilding, which has built more than 65 vessels in the past six years, has drawn up a scheme of arrangement for creditors in an effort to forestall a winding-up petition. The company, which successfully exploited a niche
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  • 465 1  -  Government investment company has 5.39 pc stake in bank By ALVIN TAY, Banking Correspondent TEMASEK HOLDINGS (Private) Ltd has declared itself a substantial shareholder of the Industrial and Commercial Bank the publicly-listed bank which saw its controlling shareholder, the Tan family, selling a big portion
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  • 768 1 LOCAL SALES of The Asian Wall Street Journal will be cut to 400 copies from Monday following its refusal to print a government's reply which sought to give readers the Singapore side of an unbalanced story. The journal was declared "to
    768 words
  • 206 1 Reuter MALAYSIA, the world's leading palm oil producer, has protested against a proposal by the European Community to impose a substantial tax on palm oil. Primary Industries Minister Lim Keng Yaik said in Kuala Lumpur yesterday that the EC should drop the
    Reuter  -  206 words
  • 240 1 THE ASIAN Wall Street Journal is considering a, legal challenge to the government's action, its Hongkong-based editor, Fred Zimmerman, said yesterday. In a brief statement Mr Zimmerman said the government's decision to restrict the journal's sales in Singapore to 400 copies was tantamount
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  • 43 1 ASIAN-TRAINED money dealers have secured top jobs in Australia's onceconservative banking industry. Their prospects are bright. But as with Asian executives in other industries, the way up the corporate ladder may be harder for them than for their Australian counterparts.
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  • Page 1 Advertisements
    • 134 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Full report, Pagt 13 Asian Stocks, Pag* 11 PropoMl to boost industrial ttos, Rags 2 a rrsA COMPUTER SCREEN. ifeT'l Mil iii; ITS WORRY FREE UNTIL THE END OF 1990!" "IT'S A SONY!" f I ye KX-14CP1 Computer graphics. VideoJVjovies or TV have never
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    • 270 1 Ludtr, Page 8 Sm Pag* 8 SHARE MFORMATION MONEY EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE TV RADIO CROSSWORDS OUR VIEW GOVERNMENTAL ACTION against foreign journalists and newspapers sometimes becomes unavoidable when cardinal rules observed by most people in the profession are being flouted. Journalists recognise that errors, whether in fact or
      270 words
    • 99 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM lobe perfectly franc, it's the million dollar question. Raund for pound, every yen counts. Mark our words. \bu know it makes cents. The best way to earn higher interests on your savings is via our ACU foreign currency deposits. From as little as US$5OOO,
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  • HOME NEWS
    • 516 2  -  Savings made in land purchase and construction costs By LEE HAN SHIH, Property Correspondent HALF OF the $4.4 billion set aside by the Housing and Development Board to buy land from the government in the current financial year will be left unused. Another
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    • 381 2  -  By MARTIN SOONG TRADE CONTROLS on endangered wildlife species listed under an international treaty signed by Singapore last November came into force yesterday. The controls, intended to comply with the Convention on International Trade in Endangered Species of Wild Fauna and Flora
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    • 310 2 THE SINGAPORE Cultural Foundation (SCF) is presenting seven individuals with the Cultural Medallion for excellence and for their role in promoting cultural activities. Mr Wong Kan Seng, the Minister of Community Development, will confer the Cultural Medallions and other awards to individuals and
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    • 59 2 UNITED OVERSEAS Bank has relocated Its Bukit Panjang branch from 907 to 828, Upper Bukit Timah Road, following the government's acquisition of the land at the old location. The move was completed yesterday. The new office is located in an old building with a customer banking hall
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    • 516 2  -  By BOEY KIT YIN THE PROBLEM of a high turnover rate in high-technology companies confronted Second Deputy Prime Minister Ong Teng Cheong when he visited SGS Semiconductor's Ang Mo Kio wafer diffusion factory yesterday. At the end of the visit, Mr
      516 words
    • 399 2 LABOUR MINISTER Lee Yock Suan has proposed that an association be formed to promote exchange of ideas and information on industrial relstions in Singapore. The association would also encourage practitioners to mix more frequently and help improve the level of professionalism through research
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    • 258 2 SINGAPORE INPUT into an Asean private-sector initiative to promote regional cooperation is being sought by Malaysia's former Primary Industries Minister, Datuk Paul Leong. Datuk Leong, who currently heads the Group of 14 "think-tank" set up by the Asean Chambers of Commerce and Industry (ACCI), met
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    • 412 2 IN LINE with the government plan to further develop Singapore as a major air hub, aviation officials are planning more air talks this year. The Ministry of Communications and Information (MCI) and the Civil Aviation Authority of Singapore (CAAS) are planning two
      412 words
    • 196 2 BUILDINGS in Singapore will be the focus of a photographic competition, Architectural Lenses pes, to be held from Feb 18 to 22. The competition is part of the Singapore Architect» 1967 Exhibition featuring the work of 50 firms. It is a follow-up to the
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    • 48 2 THE DIESEL PRICE ceiling increases to 43.7 cents per litre today, with the 1.2 cent rise being the smallest in six months. The ceiling price of automotive diesel with 0.5 per cent sulphur content has risen from a low of 31.1 cents per litre last August.
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  • Page 2 Advertisements
    • 142 2 SHANGRI-LA INTERNATIONAL I I A first class kotel 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 tKe finest in amenities. And being centrally located in the heart of
      142 words
    • 312 2 APPOINTMENT GENERAL MANAGER A Malaysian public listed company is seeking a dedicated and dynamic individual for the key position of GENERAL MANAGER to manage its joint-venture oleochemical plant located in the city of Dalian in the People's Republic of China. The plant has an installed capacity of 20,000 tonnes per
      312 words

  • ASIA-PACIFIC
    • 342 3 UPI REPRESENTATIVES of chambers of commerce from around the world began a two-day conference in New Delhi on Sunday and were urged to work for freer international commerce and oppose rising trade protectionism. Participants at the meeting of the International Bureau of Chambers of
      UPI  -  342 words
    • 232 3 AP THE PHILIPPINE Deputy Chief of Staff yesterday said the military would refrain from new offensives against the communists now that the ceasefire has expired but would "take the initiative" if the rebels threaten peace. Major General Eduardo Ermita said in Manila
      AP  -  232 words
    • 217 3 Reuter AUSTRALIAN Prime Minister Bob Hawke yesterday said Japanese and other foreign investors would find only minimum restrictions if they join in what he described as Australia's "industrial rebirth". He told a luncheon for a high-powered Japanese delegation in Melbourne that Australian trade unions,
      Reuter  -  217 words
    • 63 3 UPI LOCAL ELECTIONS will be held throughout Nepal in the third week of March and the government has warned opposition groups not to disrupt the polls. The Election Commissioner yesterday said in Katmandu that 191,187 village and town officials would be elected to 4,022 village assemblies and
      UPI  -  63 words
    • 566 3 AFP A POLITICAL VACUUM has arisen in China as conservatives and reformists battle it out for power, three weeks after the eruption of the country's biggest political crisis in a decade, political analysts in Beijing say. They say Chinese leader Deng Xiaoping, 82,
      AFP  -  566 words
    • 243 3 AP LARGE- and medium-sized Chinese companies should absorb independent research and design institutes to link scientific and technological research more closely to production, according to a State Council decision. The decision, reported last Sunday by the official Xinhua News Agency and leading newspapers, said the
      AP  -  243 words
    • 418 3 UPI OFFICIALS are thinking of easing Hongkong's strict anti-sweatshop rules at the very time they are seeking to polish the colony's image before a protectionistminded US Congress, a government spokesman said last week. One regulation under review by labour department staff calls for a
      UPI  -  418 words
    • 87 3 Bernama THE ISLAMIC CENTRE in Kuala Lumpur launched its series of meetings with non-Muslims yesterday with a session with a Malaysian Chinese Association Youth delegation. The Deputy Minister in the Prime Minister's Department, Datuk Dr Yusuf Moor, said those present at the
      Bernama  -  87 words
    • 416 3 AFP PUNJAB'S beleaguered Chief Minister, Surjit Singh Barnala, has made peace with Sikh high priests by offering his "services" to them, but refused to resign and disband his ruling Akali Dal party. Mr Barnala, under threat of excommunication from the Sikh faith, said in Chandigarh
      AFP  -  416 words
    • 473 3 Reuter EGYPT'S hopes of turning Port Said, the Mediterranean city at the head of the Suez Canal, into the Hongkong of the Middle East are slowly fading. Restrictions and red tape are to blame, according to businessmen who are operating in
      Reuter  -  473 words
  • Page 3 Advertisements
    • 243 3 Complimentary Hennessy Cognac with Pine Court's sumptuous Beijing cuisine Pine Court's Hennessy Cognac Promotion is heir again! With three new set menus to choose from. For lunch and dinner from February 1 to *****7. Menu I Special Cold Dish Combination Two Hoc Dishes Doubleboiled Superior Shark s Fin Soup Steamed
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  • Page 3 Miscellaneous
    • 92 3 Doonesbury UIBLCOMB BACK TO PAY 32 OFTHeORALROe&OSPeATH mew MY PRODUCER JAKE i AND lAR3 STILL TALKING ABOUT GOVS EXTRAORPtNARY *4.9 MILLION SHAKEDOWN. JAKB, 1 THINK 6UHA T CONCERNS MB MOST IS TUB CLAIM THAT GOP IS HOPING A UFt HOSTAGE FOR FUM? RAISING PURPOSES, THAT HE IS, INBFFBCT, A COM
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  • REST OF THE WORLD
    • 425 4 AFP THE UNITED STATES is resorting to every kind of political, trade and monetary pressure at its disposal in an effort to restore the supremacy it enjoyed in the West in the 1950's and 1960'5, European diplomats and EEC officials in Brussels
      AFP  -  425 words
    • 217 4 AFP AN ORGANISATION for Economic Cooperation and Development (OECD) report has called on all its member-nations to cut subsidies for farm produce. A Kyodo News Agency report on Sunday cited Japaneee government officials as having said the OECD report, to be
      AFP  -  217 words
    • 456 4 Reuter SOVIET LEADER Mikhail Gorbachev's internal reforms constitute a revolution which will mean elections for all important offices. possibly including the Communist Party central committee, a senior Soviet official was quoted on Sunday as saying. "We don't want democracy to exist as a mere
      Reuter  -  456 words
    • 642 4 NYT A NEW REPORT has warned that the high-technology area south of San Francisco is not prepared for a catastrophe that could result from a major release of highly toxic gases in an earthquake, fire or traffic accident The report by
      NYT  -  642 words
    • 194 4 UPI THE COMMANDER of the US Pacific fleet, concerned about a colleague who suffered a fatal heart attack while running, has eased a fitness test for sailors over 45 under his command. The change affects only the Pacific fleet but officials at the
      UPI  -  194 words
    • 177 4 AP THE HISTORIC city centre of Rome has been closed to traffic during the morning rush hour in an effort to save the Italian capital from pollution and congestion. The city's five-party coalition government late on Saturday night announced the move to reduce
      AP  -  177 words
    • 320 4 Reuter SOVIET PRESIDENT Andrei Gromyko, oldest member of the Kremlin leadership, toured Moscow supermarkets and heard complaints from shoppers about shortages and poor quality goods last week, Pravda said on Sunday. Foreign analysts said it was the first time Gromyko, who served
      Reuter  -  320 words
    • 171 4 NTY ABC. which has been criticised by the United Nations for its mini-series Amerikm, has agreed to run a disclaimer at the beginning of the show stating that institutions portrayed in it are fictional, according to a source involved in negotiations with
      NTY  -  171 words
    • 512 4 AP WHEN THE TELEPHONE rings in America, the person calling may well be a stranger, part of a massmarketing industry that phones people at their homes and offices to sell them products. Some callers are legitimate salesmen. Others can be swindlers,
      AP  -  512 words
    • 325 4 NYT THE State Department has told Congress that the US economy and the military remain dependent on South Africa tor 10 minerals and other raw materials that were not included in an import ban enacted last October. In a report sent
      NYT  -  325 words
    • 932 4 ARRIVALS Operator 5ffV»Ct number Local MM From UA UA805 0100 SFO/HKG CAL a 341 0155 TF€ CM 0337 0215 TPf FT FT75 0316 IAH/OtD/ANC/ NRT/MNL/TFC CAL 0331 0405 TFC SV SV398 0710 JED/tUH SIA SQ491 0755 IWN MAS MH681 0*20 KUL MAS MHfll 1 0910 FB4 MAS
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  • Page 4 Advertisements
    • 44 4 CRcW'/i Hotels Worldwide Call *****55 KuaJa Lumpur Bangkok Hong Kong Fiji Sydney Melbourne New York City Chicago Auckland Dusseldorf Okinawa Beverly Hills OPENING SOON Taipei Djakarta REGENT INTERNATIONAL HOTELS Sales Reservations Office: 230 Orchard Road #07-230 Faber House. Singapore 0923. Tlx: REGTEL RS *****.
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    • 9 4 Pag* 7 C€m m Third World hit, Pag* 12
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    • 65 4 I I I A/ I The business person's choce. every I I II \I I ll II I Tuesday. Saturday and Sunday. I I VI I Jl W\ Leaving Cbangi Airport at 22:05 1 y_L I.L/ V yj. hours and arriving Heathrow at 06 45 hours the following morning Call
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  • Page 5 Advertisements
    • 141 5 A vX ,-v V-f- -v, ,x r r- v- ,>. vISMam ■i i '".i, Kit, > i V V :«V> •t A. WJk WSem m v v- ST s*'5 £*>■ •V.' 't mwwm to any destination atan unbeatable price. And without any hidden extras. Your WPX parcels will be cleared
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  • BANKING AND FINANCE
    • 699 6 Reuter US BANKERS are moving closer to winning long-sought securities investment powers through possible regulatory and legislative action this year. While Congress gets set to grapple with complex banking legislation, the Federal Reserve Board is considering proposals to broaden banks' securities
      Reuter  -  699 words
    • 334 6 Reuter THE BANK OF ENGLAND will issue by tender tomorrow £800 million of 9 per cent Treasury stock due 2008 at a minimum tender price of 94% per cent, with 25 per cent payable at tender. The balance is payable on
      Reuter  -  334 words
    • 446 6 Reuter CURRENT OVERFUNDING of the UK public sector borrowing requirement (PSBR), estimated by some economists to have stood at around £1.5 billion at end-December, has not warranted major remedial action by the authorities and should soon correct itself, sources in London said. The
      Reuter  -  446 words
  • MONEY AND EXCHANGES
    • 941 6 SINGAPORE: The US dollar closed higher yesterday against major currencies after fluctuating in moderate late trading. The dollar started firmer on buying interest, reflecting a higher-than-expec-ted 448,000 rise in US non-farm payroll jobs for January. It weakened in early afternoon trading on some selling and profit-taking before recovering
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    • 229 6 Interbank rates at 3pm yesterday: CwwbIh Nominal vMh ImNNmsIm M (Mar •mm part* dollars to on* unit of cuntncyi US dolftor 2.1560 2.1570 ***** -2344 SifHbiQ pound 3.2396 3.2432 7.3469 -55.91 Australian doS or 1.4326 1.4354 ***** -58.22 NZ dolor 1.1750 1.1777 ***** •65.73 Canadian dot or 1.6119
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    • 254 6 Asian market ASIAN DOLLAR deposit rates closed steady st firmer opening levels in quiet sfternoon trsding yesterday. Short-dates firmed between and point at the outset following higher US federal funds rate but were little changed in subsequent trading. Overnight. Tuesday/Wednesday and week-fixed closed at a common 6-5/16 6-3/16 per cent
      254 words
    • Article, Illustration
      127 6 THE OVERNIGHT rate on the Singapore interbank market closed at 1-1/2 per cent yesterday, down 1-1/4 point from last Friday's close. The one, two and three-month term rates ended 1/16 point lower at 3-1/4 each. inaicam mv ivvrßgt 01 Hit prim* landing rates of 12 mafor banks In
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    • 316 6 HONGKONG: The metal closed with pared losses yesterday on late short-covering after opening lower in view of the stronger US currency. Bullion ended at U*****.50/403.00 an ounce against an initial U*****.90/402.40. This compared with last Saturday's close here of U*****.50/404.00 and New York's last Friday finish of U*****.90/404.40.
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    • 566 6 BA Futures MARCH Eurodollar opened nine ticks off the previous close at 93.69 yesterday as the market turned bearish on news of an unexpected large rise in US non-farm employment last Friday. After falling to 93.68 in the March contract, prices firmed on short-covering. The Liffe session saw prices
      BA Futures  -  566 words
  • Page 6 Advertisements
    • 258 6 nooEii=ffl§Da mm ORIS IE A ID will present the following programmes in Singapore Asian International Executive Programme: 30 March-10 April This general management programme which has been running since 1981, not only teaches management techniques and concepts, but shows how these techniques and concepts can be implemented in the Asian
      258 words

  • WORLD BACKGROUND
    • 755 7 Reuter FARMERS from the US Midwest to the principality of Wales are going bust. There is a world glut of food. African hunger results only from failure to distribute it. Such is the glut that prices are at rock-bottom, with wheat down 35 per
      Reuter  -  755 words
    • 830 7 Government faces record unemployment and high inflation Reuter RECORD UNEMPLOYMENT, high inflation snd other economic woes would make most governments shudder in an election year, but not in New Zesland where the Lange administration believes its policies will renew the nation's wealth
      Reuter  -  830 words
    • 573 7 Reuter THE Brazilian government, bowing to strong inflationary pressures, has all but abandoned the centrepiece of its economic policy a price freeze dubbed the Cruzado Plan. "You can't beat the market forces of supply and demand with a price freeze." said one
      Reuter  -  573 words
    • 714 7 Reuter IN A CRAMPED OFFICE, a stone's throw from the Bank of England, an underwriter labours over barometers and weather records to calculate insurance on the British way of life. Peter Chase, 64, is London's "pluvius underwriter". "Pluvius" is Latin for "rainy", and Mr
      Reuter  -  714 words
  • Page 7 Advertisements
    • 53 7 77 s A 6I T x «jAfc<;EK-LtC.Ol'LTRfr in I I _'ii 1 1 "M< >on [)hii ■<(' '■> gents model by .Jaeger Le Coultm Automatic movement with complete calendar. Available in SINGAPORE: Robinson's Centre point Cortina Watch Centre Nanking Watch Tigress Changi Airport MALAYSIA: C. I.L. Centre Hilton Hotel Woo
      53 words
    • 320 7 The Zenith portable PC makes one thing perfectly clear. Words Presenting the Zenith Z-181 Laptop PC. Half the size... twice the power... plus three times the readability. f-..' ..»s-V* Wmam V. e m Finally A portable PC that's not only powerful and easy to carry, but also easy to read.
      320 words

  • FEATURES
    • 532 8 THE GAZETTING of the Asian Wall Street Journal under the Newspaper and Printing Presses Act comes as no real surprise. The government had made plain its views about the regional newspaper's reporting on Singapore. These views were made clear to the Journal's senior editors
      532 words
    • 1421 8  -  A new breed of hotshot money dealers are making their impact in Australia, securing top jobs in what was once a conservative industry. Their arrival marks the entry off Asian executives into senior corporate jobs in Australia, reports FLORENCE CHONG. In a
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  • Page 8 Advertisements
    • 177 8 TAIPEI AIITO <f Lift -.1531 -r '•>'■>• ss?w ML m" H< i A A o $L u MAY 21 -25, 1987 9:00 a.m.-5:00 p.m. Looking for new products and suppliers of auto and motorcycle parts and accessories? This is one trade show that must be included on your travel schedule.
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  • Page 8 Miscellaneous
    • 665 8 mMMm tstsmmma CRYPTIC PUZZLE ACROSS 3 Not checkers, but it involves checks (5) 8 Rose and dressed (3. 2) 10 Possible cut in a garment (5) 11 The cry of many a pup (3) 12 These parasites may be false (5) 13 Like many an ice-cream van a bad one!
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  • SPORTS
    • 384 9 UPI SNOW CHIEF became the richest active thoroughbred in racing on Sunday when he scored a nose victory in the 40th running of the U*****,750 Charles H. Strub stakes for 4-year-olds at Santa Anita. At the finish, Snow Chief barely
      UPI  -  384 words
    • 164 9 AFP SENIOR Indian sports officials have criticised veteran Sunil Gavaskar for refusing to play the second cricket test against Pakistan in the eastern Indian city of Calcutta beginning from Wednesday, the Press Trust of India (PTI) reported. Gavaskar was on Saturday replaced by Raman Lamba after the
      AFP  -  164 words
    • 891 9 NYT SLEEK AND SHINY, the futuristic yacht with the Japanese flag appeared to have arrived from a James Bond movie. Maybe you noticed it on television just before the start of the second America's Cup race when Stars Stripes and Kookaburra 111 sailed
      NYT  -  891 words
    • 532 9  -  By WALTON MORAIS WHILE THE ORGANISERS were celebrsting Dunlop Slszenger's snnouncement of s $10,000 subsponsorship of the Msrins Squsre Singapore Internstionsl Junior Tennis chsmpionships. the sports goods company was slrsady looking beyond the tournament towards the long term. The $10,000 comes ss welcome relief to
      532 words
    • 437 9 Agencies COREY PAVIN rolled in a 20-foot birdie putt on the second extra hole on Sunday to defeat Craig Stadler and successfully defend his Hawaiian Open golf title. Pavin, in winning his second tournament of the year, had to make up
      Agencies  -  437 words
    • 539 9 Reuter TIM MAYOTTE. the fifth seed an* a losing finalist In Philadelphia 12 months ago when he was unable to faca Ivan Land I of Czechoslovakia because of a stomach upset, went one step better this year when he came from a set
      Reuter  -  539 words
    • 315 9 UPI STEFFI GRAF, playing what she called probably her beat tennis, needed only SO minutes ooMuqday to overwhelm Hana MfMHkova 6-0, 6-1 in the final of the US$lOO,OOO Women's NewsWbek Classic in California. Ranked No. 3 in the wprkJ behind Martina Navratitomttnd Chris Evert Lloyd,
      UPI  -  315 words
  • Page 9 Miscellaneous
    • 1189 9 iwrnimm TUESDAY PREMIERE Murder By Reason Of Insanity 10.30pm, Channsl 5 0 A Polish couple, Adam and Eva Burwick, migrates to the US with their children, but finds that political asylum can make people crazy too. After losing his job, Adam (Jurgen Prochnow, left) gradually developes mental problems and directs
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    • 28 9 Play gol£ the Sevvy way 52 i THE CU*e 37AY/A/G POMrtVOV THE BALL. AN* ww 7Mf Aw»ffaJ ww/te X££/>/AS& 7ME L/AABX bogy ae*»*£> THE SALL.^ (g, w*w*gg "*fc
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  • INTERNATIONAL COMPANY NEWS
    • 802 10 THE STOCK PRICE of International Business Machines Corp fell 22 per cent in 1966, while the Dow Jones Industrial Average was climbing 22 per cent. Last month, after IBM released another lacklustre earnings report, its shares sagged to U*****.75. But Big Blue is
      802 words
    • 245 10 Reuter DIAMOND SHAMROCK Corp, which last week announced a restructuring plan to thwart a takeover offer by Lucky Partners, a group led by financier T Boone Pickens, said it was committed to its plan and rejected the suitor's latest US$2 billion bid.
      Reuter  -  245 words
    • 180 10 AFP REFAAT El-Sayed, the former chairman of Swedish chemicals and antibiotics group Fermenta, has returned to Stockholm after an unexplained one-month absence abroad, to threats of legal action over unpaid debts to the Goetabanken bank. The Egyptian-born businessman, who was forced
      AFP  -  180 words
    • 713 10 FT THE PERTH STOCK MARKET is second only to the America's Cup Races as a topic for conversation in the Western Australian capital. Investors swap tips in the street and in the bars. At lunchtime many crowd into the small visitors' gallery at the
      FT  -  713 words
  • Page 10 Advertisements
    • 577 10 %{}/SZL b©3 m Wtoe to wiae, tee aai entertain The Szechuan Ex with the Meisan Savour the finest Szechuan cuisine; aromatic, spicy gourmet creations in an exciting blend of flavours. And discover the exquisite art of true enjoyment. MEISAN At the Meisan. Ro)«l^9yu))nK9ngvoi» 25 Scotts Road, Singapore 0922. For reservation,
      577 words
    • 144 10 w* -> f v. Wi- >' ,"r f M <i- J >'■ i .Mr i &vMu\: i ii i r 13: V 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
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  • ASIAN STOCKS
    • 389 11 HONGKONG: The Hang Seng Index closed yesterday at another record high and above the key 2,700 point on strong demand from overseas institutions. The index ended 40.10 points higher at 2,713.67 as fresh buying emerged near the close. The Hong Kong Index finished 22.62 up at 1,736.41. Turnover climbed
      389 words
    • 219 11 FU All Sincara Indu* NTS 266 <- 0.21 Kotin Kuochan Dav Laa Chang Yuan Cham Indua 27.90 .25.90 .33.20 -0.3 +0.9 -0.3 Cathay Con* Chang Hw» Bank..... Chang Loong Chia Hain Camant... CMn Hain Flour. .39.90 50.50 .31.90 .30.30 13.00 0.4 -1 0.1 unch +0.25 Lion Hwa Indua Nan
      219 words
    • 280 11 FU 09 YEN 2100 I- 90 MitauD Elac Mitsub Estate 904 2S10 0 -10 306 +15 Mttaub Heavy 519 13 900 25 Mitsubiahi 1000 -10 785 5 Mitsui Co 000 -6 1310 Mitaui Shipbidg 194 6 1370 40 Mitsui Smelting 307 10 .670 -1 Mitaukoehi 1070 -10 960 +16
      280 words
    • 79 11 p(|Ot Marataal Acola Mining Anglo Phil 0.006 ■*-0.001 Oriantal B Phil OvWMM. 0.032 0.0680 unch unch Apax Mining B Aflaa Con. 8 006 20 -0.006 unch Philax B Ptcop B 0.43 -0 08 Baguto Gold ***** uncft PLOT San Miguot B 285 122 unch 2 uniit Baalc Pvtrolvufn... 0.016
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    • 517 11 SYDNEY: Australian share markets closed at record levels yesterday as investors scrambled for media stocks in the belief the battle for the Herald and Weekly Times (HWT) had ended. Brokers reported strong demand for other blue chip stocks, particularly banking shares. At the close of trading the All Ordinaries
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    • 125 11 kb m warn i CtMil Sugar 2960 +80 Daallnt bid. 510 M D—BO Corp no -6 Do—>00 HMV* 1290 -CO DdMn Timplltaa Dong Ah Phar ***** +2*0 Dong Suh Stock. ***** +900 Kangwonlnd ***** 50 Kla Motor 1870 -10 Koton M 4080 -ISO Karaa Long Tarm 2040 +140 Lucky
      125 words
    • 160 11 Reuter BANGKOK: The Stock Exchange of Thailand Index was down 1.77 to 207.75 on a turnover totalling 1,058,347 shares worth 145.8 million baht. Reuter ni I MKT Sana unton 172 -1 Stem Camant 619 •6 Ao Kham Thai 180 •12 Stem City Ayudhyt lnvMtn>#nt 260 •4 Camant 662 A
      Reuter  -  160 words
    • 77 11 Reuter ANSETT NT of Australia has signed an agreement with a Beijing city government unit to build a 10-storey business centre in the Chinese capital. According to the China Daily, the first stage of the venture will cost about As2o million. Construction of the centre, which
      Reuter  -  77 words
    • 368 11 Reuter WESTFIELD CAPITAL Corp has agreed to buy or procure a buyer for News Corp Ltd's Channel 10 television stations in Sydney and Melbourne and other media assets for AsB42 million. Other assets involved in the sale are three Queensland radio stations, the
      Reuter  -  368 words
    • 157 11 Bernama TWO MALAYSIANS and a Singaporean have formed the Pacific Malting Company, a malting and brewing company in Australia, aiming to export beer to South-east Asia and the United States. The trio have invested US$4 million to set up Australia's first Asian-owned
      Bernama  -  157 words
    • 147 11 AP THE BANK OF TOKYO will close its representative office in South Africa next month. Japan's Kyodo News Service said last Saturday that the decision was made following several threats by local US state governments to boycott dealings with foreign
      AP  -  147 words
    • 155 11 AFP JARDINE STRATEGIC Holdings Ltd. the investment vehicle, of Hong kong's leading conglomerate the Jardine group, made its debut on the Hongkong Stock Exchange yesterday. It closed at $15.10 after opening at $14.90. The company was jointly formed by the group's trading
      AFP  -  155 words
  • Page 11 Advertisements
    • 467 11 ii Witere to wiae, Fashionably hyatt Join the fashion-conscious every 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
      467 words
    • 225 11 I MUSX tHHUM PEKING SICHUAN RESTAURANT •f-SHOiHS# rVMlnqf < Sat Menus (28/1/87 to 12/2/87) From $208++ upwards EasHmst i. I (12 noon 3pm) Adult: $12.50++ Child: 30 specialties inclusive of Peking Duck, Roast Beef. etc. Fashion Show on every Friday at 1.15pm by Cinderella Modelling Agency. Sponsored by Seletaris Mineral
      225 words

  • RAW MATERIALS
    • 684 12 UPI THE PILES of overdue loans may remind developing nations this is 1987, but when they take their commodities to market, it's the era of the Great Depression all over again. Th&t combination of too many IOUs and too few profits for goods has
      UPI  -  684 words
    • 134 12 AFP THE NEAR-TERM performance of world sugar prices "will continue to be dominated by the immediate import requirements of the Soviet Union", according to London traders E D F Man in their latest market report. Soviet purchases from the free market, including Australia, have
      AFP  -  134 words
    • 250 12 AFP THE EUROPEAN COMMUNITY (EC) may refrain from buying up surplus butter and powdered milk when EC stocks of the two products surpass 300,000 tonnes. According to a proposal from the community's executive commission, the butter surplus is currently estimated
      AFP  -  250 words
    • 114 12 AFP THE EUROPEAN COMMUNITY is expected to adopt preferential quotas on imports of manioc and sweet potatoes for cattle fodder. EC sources said the quotas, covering 1987-89, had alroady been approved by high officials of the 12 community nations. The new rules will allow
      AFP  -  114 words
    • 324 12 AFP MOBIL OIL COMPANY of the US has taken over substantial shares of two oil contract areas in Indonesia from smaller companies unable to meet commitments at a time of low oil prices. Indonesia's state oil company Pertamina said in an announcement on Sunday
      AFP  -  324 words
    • 92 12 AP THE STATE COUNCIL. China's Cabinet, has issued a circular calling for more attention to the management of wheat fields to ensure sustained growth in grain production. According to the official Xinhua News Agency last Friday, the circular said the area cultivated in summer crops was
      AP  -  92 words
    • 261 12 AFP CHINA is one of the most promising markets for American grain this year, according to a report by the US Department of Agriculture (USOA). Published last Wednesday, the report baaed the prediction on China's rapidly growing grain consumption and said
      AFP  -  261 words
    • 195 12 AFP EXPORTS OF COCONUT products more than doubled in the first 11 months of 1966 but earnings remained low, according to the United Coconut Association of the Philippines (UCAP) last Friday. Although exports from January to November 1966 hit 2.155 million tonnes, 102 per
      AFP  -  195 words
    • 100 12 OIL PRODUCTS YESTERDAY was a typical quiet Monday with trading very thin in the Asian petroleum products market. Naphtha was weaker (c+f Japan basis) while fuel oil remained confused with traders sidelined, unsure of near-term direction. All other products were stable and unchanged. Closing prices for crude (FOB origin) US$/barr*l
      100 words
    • 141 12 MALAYSIAN palm kernel futures closed nominally lower yesterday, in sympathy with the weakness in crude palm oil futures, after another tradeless session. Dealers said March, April and May closed nominally Ms2o weaker at M 5495. Mssos and Msso6 per tonne respectively. February expired yesterday. Crude palm oil futures
      141 words
    • 134 12 Chinese Produce Exchange ftotwtfa 20/25% FOB NSW 405.00 5tNtn noon doting j Feb 9 (SI/100 kg) Coconut oil trtcm an Nutmeg 110 FOB NSW BWF FOB NSW 143AOO 1322.00 Mb FOB OM drum FOB New drum FOt 86.00 96.00 100.00 Gambler FOB NSW 33a00 Copra Mixed (loo—) Pepper
      134 words
    • 79 12 (caMi/kg, 1 -ton potM») AAA# 87 APt 87 (currant month) (forward month) NOON NOON RAS 8uy«a S>IUr» S»fcn SS* 30 181.00 183.00N 182.00 184.00N SSt 50 179.00 181.00N 180.00 182.00N MRELB kiwi S»Mti •vyn SMR CV 285 50 287.50N 286.50 288JON SMI I 285.50 287.SON 286.50 288.50N
      79 words
    • 130 12 THE PRICE Of TM on the Kuala Lumpur Tin Market roee tour cents from last Friday to dose at Msl7.ot per kg yeetsrdsy In quiet ■no DTif! irsuing. Dealers said the rlee wae due to a lack of setters» as miners were reluctant to commit Ihemsehres at current
      130 words
    • 66 12 Bangkok (US$/tonr», FO«) Whit* Rice 100% 1*» dan 255 100% 2nd don 220 100% 3rd doss 215 5% 205 10% 200 '5% 195 20% 185 23% 180 35% 180 Broken Rice A-l Super 128 A-l Special 125 C-1 SpwM unq C-1 Ord unq Loonzain Rice 100% lit grod* unq
      66 words
    • 312 12 RAS prices m s chmi fob in m* NOON CLOSE Buyers f-M Buyars Sslleri kit 1 RSS Prompt 196.50 197 JON 197 JO 198 JON bit 1 RSS Mar 87 196.25 197.25 197.00 197 JO bit 1 RSS April 194 JO 195 JO 195 JO 1964)0 bit
      312 words
    • 371 12 SINGAPORE The market closed higher yesterday with March One RSS buyers quoted at 197.00 cents per kg, up one cent from last Friday. Dealers said the morning session rose 0.50 cent on light buying interest in thin trading. Price gained further ground in the afternoon on some speculative buying
      371 words
  • Page 12 Advertisements
    • 58 12 IF YOU WANT TO KNOW "ir**""":«»r sr? vi'-\ V* .-*r; t fT \smiat era peopfesnbusiness hope wiHpoprout J YearbftbePabbit?/ How areSjmgapore developers faring in the How developers raring in the land ofojoillion j What goes into the makihg<>fth6 successful Malay-entrep/eneur? Where does the glistenof the jewellery tradelte?-/ GET YOUR COPY
      58 words
    • 10 12 The London Market reports woro not available yesterday at prMt4ntc
      10 words

  • SHARE INFORMATION
    • 4137 13 SHARE PRICES closed mixed on selective buying in fairly active trading yesterday. The Straits Times Industrial Index closed 6.36 points higher at 972.34 while the BT Composite Index rose 6.76 points to 867.89. Total turnover was 30.1 million shares worth $65.7 million, with gainers
      4,137 words
    • 229 13 D Ihmm Tongkofc Hh Soon Land (adman M GanMngt M tanking Wnnw S A L CCM MMCIOt t MS IC» Jodr» h> MO HMgt Sundtkw AI Wacaw IM UOI kidnap* SINGAPORE Rises Indices «m j. tm Fafc 6 Nfc 9 »T Cohort. Ml. 13 667.99 IS 121
      229 words
    • 3411 13 810 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".
      3,411 words
    • 152 13 WEARNE BROTHERS, Limited: 72nd AGM at 65 Chulia Street, #19-00, OCBC Centre, Singapore 0104, tomorrow 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. SINGAPORE PRESS HOLDINGS Limited: 2nd AGM at News Centre.
      152 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 659 14 Bank of England inquiry into Standard Chartered FT THE BANK of England investigation of Standard Chartered Bank announced last Wednesday is unprecedented in at least three respects. It is by far the largest of its kind: it has been publicly announced: and
      FT  -  659 words
    • 332 14 MBT THE MALAYSIAN Code on Takeover and Merger, which was to have come into force in January, is being delayed because the Attorney-General is making some amendments to the preface of the Code to suit the Malaysian environment. "The present preamble is similar
      MBT  -  332 words
    • 208 14 Reuter THE CHAIRMAN of Multi-Purpose Holdings Bhd (MPHB). a major Malaysian investment company with extensive links to the country's main Chinese political party, has resigned, according to business and political sources. An MPHB spokesman denied Lee San Choon resigned, while
      Reuter  -  208 words
    • 110 14 Bernama PERMODALAN Nasional Bhd (PNB) has reduced its interest in Harrisons Malaysian Plantations Bhd (HMPB) to 86.53 million shares or 19.53 per cent from 93.41 million shares or 22.06 per cent. HMPB said the change in substantial interest was made when PNB transferred 5.80 million
      Bernama  -  110 words
    • 2667 14 BID and offer prices officially listed and hnriness 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 (81$) 111 81 IS 80 AiSB ***** (27)
      2,667 words
    • 120 14 HONGKONG Hongkong Index Monday 1736 41 Friday *****7 Week ogo 1454 89 Hang Seng index Monday *****7* frkHy 2673 57 Week 090 *****2 All Industrials Monday 2453 3* Friday ***** Week ogo 2349 4 NEW YORK Dow Jones Friday *****7 Thursday 2201 49* Week ogo *****4 TOKYO Nikkei
      120 words
    • 283 14 MBT PROMET BHD has withdrawn its injunction restraining Bank of Commerce and Malayan Banking from commencing legal actions against the company. In view of this, these two banks have withdrawn their applications to dissolve Promet's injunction. Promet had obtained an injunction in September last
      MBT  -  283 words
    • 234 14 Bernama THE RECEIVERS and managers of Paper Products (M) will be holding a series of meetings with the company's bankers soon to facilitate their preparation of the company's state of affairs. The appointed receivers and managers are Mr Mohamed Hassan Merican and
      Bernama  -  234 words
    • 34 14 PEAK HUA Industries Bhd: Group pre-tax loss of M$3.9S million in the six months to June 30, 1966, against $3.7 million previously. The directors do not expect any improvements in the sefc-ond-half results.
      34 words
    • 509 14 EARLY WEAKNESS was partially checked by selective buying and share prices finished mixed on the Kuala Lumpur stock market yesterday. The market initially appeared to be headed for lower levels but renewed buying, though selective, stemmed the retreat. A broker said the
      509 words
    • 247 14 Monogers' prices MARA-Bumiputra for Feb 10 first 6'putro 566 571 Second 6'putro 512 517 Singapore Unit Trust Third 6'putro fourth 6'putro 403 460 406 465 Th* Conmerce 0 96 105 fifth 6'putro 301 306 Th* Savings fund 066 095 Sixth 6'putra 304 309 Spore Prog Fund 036 042
      247 words
    • 670 15 wm By HOCK LOCK SIEW HARD-SELLING and various measures introduced by the government have enabled Shangri-La Hotel Ltd to stage a remarkable recovery last year. This recovery was already evident at the half-way mark when the Kuok-con trolled flagship hotel posted a 176 per cent
      By HOCK LOCK SIEW  -  670 words
    • 474 15 THE JACK CHIA GROUP in Australia has received a firm tender from a Melbourne-based proper- ty group to operate its As9o million hotel and residential complex in Stage One of its troubled Asl billion South Yarra project. The tender, according to an
      474 words
    • 472 15  -  By HOMER CHEN LEONG HUAT Industries's proposed restructuring scheme submitted some 15 months ago has yet to be approved by the Stock Exchange of Singapore. The revamp scheme, which at the moment is neither accepted nor rejected, was submitted to the SES in
      472 words
    • 663 15  -  Move comes over 14 months after exchange's three-day closure By NAJEEB JARHOM THE STOCK EXCHANGE ol Siltgapore has decided to remove Pan-Electric Industries Ltd from its official list from tomorrow. The move comes more than 14 months after Pan-El made international headlines by
      663 words
    • 324 15 MBT FOREIGN INVESTORS are believed to have snapped up a 5 per cent block of shares in newspaper group The New Straits Times Press (M) Bhd. The 3.5 million shares are said to have been taken up "within minutes" of being offered to
      MBT  -  324 words
    • 275 15 BUSINESSMAN-turned-politician Datuk Alex Lee Yu Lung is trying to strike out a suit filed against him by an Ipoh-based stockbroking house, Yew Securities. The Star reported that Datuk Lee had filed an application to the Malaysian High Court on
      275 words
    • 182 15 Bernama THE KUALA Lumpur Stock Exchange (KLSE) and the Stock Exchange of Singapore (SES) have resolved to meet twice yearly to keep track of developments in the two exchanges. KLSE chairman Nik Mohamad Din said in a statement yesterday that two formal
      Bernama  -  182 words
    • 301 15 MBT THE DISPUTE between Datuk Loy Hean Heong and former MBf Finance director Michael Tan Yeow Khoon over the payment of M 56.39 million for the sale of shares in a company controlled by the latter could be settled shortly. This may have implications
      MBT  -  301 words
    • 608 15 LAST FULL YEAR Coapo try P«M Dale Year N« EPS Grass Net anwraeed •ndhg teams) dhr profit la* year (JTXJO) Fad Cobles Interim Jun 87 6,1751 a S J Amol Interim Dec 19 Mor 86 73 527 GvlnnM Finol Nov 15 Sap 86 9.0 24 j0 ***** Intarim
      608 words
  • Page 14 Advertisements
    • 354 14 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 185 PURSUANT TO SECTION 290(2Kb) AND IN THE MATTER OF RE6IONAL AUTOMATION SERVICES PTE LTD At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road, #12-01 12-11 Golden Mile Tower, Singapore 0719 on
      354 words
    • 284 14 IN THE MATTER OF THE COMPANIES ACT CAP. ISS AND IN THE MATTER OF SPERN INTERNATIONAL PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 185 that the Final General Meeting of the Members of the abovenamed Company will be held
      284 words
    • 209 14 TANATEX CHEMICALS (PTE) LTD (incorporated in the Republic of Singapore) (in Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act Cap 185 the Final Meeting of members of the Company will be held on Thursday 12th March. 1967 at 11.00
      209 words
    • 11 14 HER WORLD td is a great way to end the day
      11 words


  • LATE FILE
    • 58 16 AFP TAIWAN can expect to achieve economic growth of between 10 per cent and 14 per cent in the first half of this year. The Economic Ministry said yesterday that the target could be attained because of favourable conditions such as stable crude oil prices, the appreciation
      AFP  -  58 words
    • 34 16 Reuter THE UK ECONOMY could absorb the expansionary effects of an income-tax cut without risk of overheating, stockbrokers James Capel and Co have said in their latest economic assessment. Reuter
      Reuter  -  34 words
    • 42 16 Reuter TALKS on a Philippine proposal for a US$5OO million fund to finance an ambitious land reform programme will take place in Tokyo in April alongside the annual general meeting of the Asian Development Bank. Reuter
      Reuter  -  42 words
    • 41 16 Reuter NEWLY-APPOINTED Banco Santander chairman Emilio Botin has said that a Spanish government plan to deregulate interest rates on deposits will make it hard for the government to meet this year's 5 per cent inflation target. Reuter
      Reuter  -  41 words
    • 38 16 AP BURMESE Trade Minister U Khin Maung Qyi has shown interest in buying Malaysian car components if they are cheaper than those produced in Burma, Malaysian Public Enterprises Minister Rafidah Aziz said yesterday. AP
      AP  -  38 words
    • 47 16 AFP MALAYSIA said yesterday that it would apply stringent checks to stop Filipinos from illegally entering the country. Foreign Minister Rais Yatim said that Filipinos entering Sabah in search of jobs would be subject to the same rules as those from Indonesia. AFP
      AFP  -  47 words
    • 40 16 Bernama THE MALAYSIAN government abolished about 51,000 posts up to January this year to reduce the size of the public service. About 30,000 of the posts were in the Telecoms Department which has been privatised. Bernama
      Bernama  -  40 words
    • 40 16 AP PRESIDENT SUHARTO expressed concern yesterday over what he called lack of morality and poor quality in Indonesian press publications. He said that commercial interests had prompted part of the Indonesian press to ignore idealism. AP
      AP  -  40 words
    • 31 16 Reuter THE SOUTH AFRICAN government plans tax concessions of one billion rand to stimulate the economy. The main concession will be a rise in tax thresholds.
      Reuter  -  31 words
  • 528 16 Outgoing US Ambassador praises country's economic performance MBT MALAYSIA'S efforts at economic diversification are beginning to pay off. This is evident from the composition of its exports to the US, the country's second largest trading partner. These exports are now predominantly manufactured goods, not primary
    MBT  -  528 words
  • 470 16  -  By LEE HAN SHIH, Property Correspondent FOUR YEARS after the building boom hit its peak when contractors drew in more than $26 million in contracts daily, they now count themselves lucky if each new day brings in $10 million worth of
    Source: Ministry of National Development  -  470 words
  • 100 16 Reuter COMEX gold futures moved up on buying against a weak dollar early yesterday, with the market also drawing support from politically sensitive traders amid concern over the hostage crisis in Lebanon. Spot gold gained US$l.4O in early trading to hit U*****.50 an ounce. Silver futures
    Reuter  -  100 words
  • 55 16 Reuter CHINA yesterday revived a warning by Deng Xiaoping that chaos, division and darkness would follow if the country abandoned socialism. The official Beijing Review reprinted a speech by the Chinese leader in March 1979 in which he said communist party leadership was vital for the nation
    Reuter  -  55 words
  • 313 16  -  By ALVIN TAY, Banking Co its iponctent STANDARD CHARTERED Bank has taken legal action against four directors of Emporium Holdings to recover outstanding loans worth nearly $600,000 to Urn Seng Huat (S) Pie Ltd for which the directors acted as joint guarantors. In
    313 words
  • 128 16 UPI THAILAND'S powerful Internal Security Operations Command yesterday began a drastic reorganisation to change the battle against communist insurgency from military to political methods. Army Commander General Chavalit Yongchaiyudh said that Prime Minister Prem Tinsulanonda had signed orders yesterday morning taking over as head of the
    UPI  -  128 words
  • 59 16 Reuter MILITARY cooperation between the US and its allies in the Pacific is raising the level of confrontation in the region to that of Europe, according to Naval Captain Nikolai Usov, Soviet military attache in Tokyo, yesterday. He said that the military cooperation, mainly between the US.
    Reuter  -  59 words
  • 148 16 AP SAUDI ARABIA and its partners in the six-nation Qulf Cooperation Council yesterday urged oil consumers and producers inside and outside Opec to cooperate in stabilising the world oil market. At the end of a two-day meeting in Abu Dhabi, the GCC oil
    AP  -  148 words
  • 224 16 Reuter JAPAN'S top central banker said yesterday that he expected the powerful Group of Five (G-5) leading industrial nations to meet soon to discuss ways to stabilise volatile currency rates. "I believe and expect that (major nations) will meet in the
    Reuter  -  224 words
  • Page 16 Advertisements
    • 163 16 Tha Wall Straat report was not available at praaa bma ISS INSTITUTE OF SYSTEMS SCIENCE National University of Singapore PRODUCTIVITY THROUGH MICROCOMPUTERS The popularity of the microcomputer has resulted in the Institute of Systems Science (ISS) offering two hands-on modules on microcomputer applications targetted towards managers and professionals. Module INESSENTIALS
      163 words
    • 8 16 nud r#coras arop in cipfiii expenditure, Pbqc 2
      8 words
    • 139 16 February 18-20 1987 GNTA text Master Worldwide telex communication from your own workstation There are more than 1,500,000 telex subscribers worldwide today and is still increasing! you KNOW THE PROBLEM The teleprinter is centrally located and an inefficient workstation. It often becomes a bottleneck in the Company's telex traffic. DO
      139 words
  • Page 16 Miscellaneous
    • 28 16 wrnfflM Outlook: Fair. Report for 24 hours 7.30pm on Fab at flu Maximum tamparatura a k i I illii i AIIOCIIHU VvUi viKJviy igsrcr'a niiny uyv uiii vTvowtn
      28 words

  • SHIPPING TIMES
    • 128 17 NEPLINE, the Malaysian agent for Neptune Orient Lines, has been invited to join a 25-man Malaysian trade delegation which left for the US on Sunday to seek markets for Malaysian products. Nepline's deputy executive chairman Dr Nik M Zain is expected to take the
      128 words
    • 431 17  -  By G DURAIRAJ KUANTAN PORT in the east coast of Peninsular Malaysia is emerging as a major exit point for exports of timber. The commodity, which is produced in abundance in the east coast region, accounts for nearly 17 per cent of
      431 words
    • 351 17 Lloyd's List IN AN APPARENT reversal of a previously-stated "hands-off" policy, the Reagan Administration has come to the aid of United States Lines, which is operating under court protection from its creditors. The Maritime Administration, which runs the US government's subsidy and mortgage-guarantee programmes,
      Lloyd's List  -  351 words
    • 125 17 BHP PETROLEUM has awarded a Timor Sea contract to the drillship Energy Searcher, reported to have been stacked in Singapore for more than six months since the collapse of world oil prices caused Australian oil companies to slash their exploration programmes. The drillship is
      125 words
    • PORTSIDES
      • 84 17 MR KENNETH JOHNS, the president of Sea-Land Service, has retired and will be succeeded by Mr Jackson Baker, vice-chairman and chief operating officer, who will continue in his executive role. Mr Johns was president since 1979 and has been with Sea-Land for 30 years. Mr Baker has
        84 words
      • 35 17 Reuter THE AUSTRALIA to Europe Shipping Conference will raise its currency adjustment factor (CAF) on wool freight rates to plus 2.74 per cent from minus 3.32 per cent, effective March 1. Reuter
        Reuter  -  35 words
      • 78 17 PESAKA JARDINE Shipping Agencies Sdn Bhd has established an office in Pasir Gudang to service the marketing and husbandry requirements of its principals. With offices already in Port Kelang and Penang, this latest addition reflects Pesaka Jardine's faith in the growth potential of Malaysia
        78 words
    • 858 18 Hull casualty statistics for 1986 were lower Fairplay AFTER A NUMBER of years which produced disastrous results, marine insurers are faring better, with most sections of the market reporting improved results in spite of the continuing worldwide shipping slump. This was noted at the
      Fairplay  -  858 words
    • 700 18 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
      700 words
    • 1415 18 OVERALL charter market rates held a fairly steady pattern on the London shipping freights market Friday as active business mainly comprised North American grain voyage fixing and widespread time-charter operations. On the US Gulf-Japan grain voyage, Zennoh took the Andros Meltemi with a 52,000-ton February-March cargo at U5513.75
      1,415 words
    • 177 19 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
    • 178 19 TWO JAPANESE shipping lines have leased a newly-built berth at the Port of Kaohsiung. Mitsui OSK and "K" Line will be using Berth 117 at Container Terminal 4, which is linked to the mainland by a tunnel. The new berth will be operated
      178 words
    • 438 19 Lloyd's List A CONSORTIUM to containerise India's deep sea liner trades is under urgent consideration by the country's three leading liner companies. The Shipping Corporation of India, Scindia and India Steamship are discussing "doing an OCL" in the spirit of the jointly-owned
      Lloyd's List  -  438 words
    • 74 19 Reuter THE SOVIET UNION opened its first Shanghai commercial office, the People's Daily overseas edition said. The official paper said the new office was a branch of the Soviet Ocean Shipping Company. It said China has an office of its Ocean Shipping Company in Odessa. In
      Reuter  -  74 words
    • 320 19  -  -By Kingsley Wood AUSTRALIAN coking coal suppliers have accepted tonnage cuts averaging 25 per cent and price reductions of around US$5 a tonne for their renewed contracts with Japan. Compared with the current period, the price and tonnage drops will mean
      320 words
    • 247 19 Seatrade Week CANADIAN and St Lawrence Seaway agencies have decided to raise toll rates on the Wetland Canal by 8 per cent in 1967, and by 8 per cent in 1988. This follows a toll increase of 15 per cent
      Seatrade Week  -  247 words
    • 287 19 AFP ACTIVITY was at a low ebb on the tanker market last week, provoking fears that owners may be forced to accept even lower receipts than at present in order to avoid having to idle their vessels. London brokers E A Gibson pointed out that a very large
      AFP  -  287 words
    • 58 19 Reuters IRAQI NAVY has intercepted several Iranian vessels in the northern Gulf on Sunday and sank one of them, while Tehran reported air attacks against enemy positions on the southern ground front. An Iraqi high command communique did not identify the Iranian vessel sunk in
      Reuters  -  58 words
    • 7838 24 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      7,838 words
    • 1719 25 Who acts for whom The leading shipping lines operating from local ports and their agents A—B A Top Enterprises Pie Ltd Same (S). AB Shipping Boustead Shpg Agencies. Afea Line African Shpg Agencies (S). Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK).
      1,719 words
    • 563 26 AT CONVENTIONAL WHARVES Rimba Ramin Adeline 5 l 1202/0800 12 02/0800 13.02/2300 14 02/0800 Veaael Berth Arrival Departure Shoko Maru 2 12.02/1500 12.02/2300 KEPPEL WHARVES SCHEDULED TO LOAD ON 11.02.87 Caly K31 alongside 12 02/0600 Gazania <34 alongside 11 02/2300 Vesael Berth Arrival Departure S Cosmos K32
      563 words
    • 1073 26 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movement Ship Voy date/time Operator cargo schedule Location Prosetio 112 10.02.87 2359 A Perintis F5A 1500-1600 14 Aost Star 0500 10.02.87 2000 Austasia F5A 1000-1200 U1 Pegasus P 466N 10.02.87 1800 Straits F5A 0900-1000
      1,073 words
  • Page 17 Advertisements
    • 620 17 Mammoth Hunters Jean M. Auel Aue| Th m CORONET BOOKS Awailatote at all G«od Bookshops i 2 *1 |M 15! 2 Ju'oog Port Road Singapore 2261 T* *****55 ««■>#» S«t «ff*K (*tt Hi MUM/ OOK) \lllf/ 200 Cantonment Road #12-05 So«thpo.nt Swfjpce 0708 ■flllllW Tel *****11 TELEX NO RS *****
      620 words
    • 73 17 Vmm AFTER A NUMBER of years which produced disastrous results, marine insurers are faring better, with most sections of the market reporting improved results in spite of the worldwide slump. Page II A CONSORTIUM to containerise India's deep sea liner trades is under urgent consideration by the country's three leading
      73 words
    • 1029 17 ,4, BALI-ORIENT LINE Baltic Shipping Co Regular Sirvitts from South East Asia to Uatod Kingdom and ™»ui uonanoniai rons Agent: Singapore Soviet Shipping CoPteLtd Teh *****33 ★I MAERSK LINE FAST TRANSIT SINGAPORE-ANTWERP 17 DAYS SINGAPORE-ROTTERDAM 18 DAYS SINGAPORE-BREMERHAVEN 19, DAYS SINGAPORE-HAMBURG 20 DAYS vc »>« Trut mm Leda M Closing
      1,029 words

  • Page 18 Advertisements
    • 364 18 03 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR LAST TO MEDITERRANEAN AND EUROPE ALSO ARABIAN 6ULF AND INDIAN SUB CONTINENT vo ifteot'ig cj'gc to J. UK destinations. Scani OUTBOUND TO MEDITERRANEAN Gctheith.'£) 3KI otV' [.'(Wl' I". JK3 point: VILLE DC PLUTON VILLI DC VENUS w FCI
      364 words
    • 370 18 EUNOPE/FAH EAST CONVENTIONAL SERVICE VSL GRIGORPAN ■ALE SUA ELISE PIN DOS PT. of LOG. Rootoek-Haisburj-Antwerp IjMsMae-Antwerp-Cardiff Lufeack-Sancin-Hfb-Ant TEL: 03-*****50 Malaysia son. bhd. TLX: ***** MTM Frt. Booking contact Miss Gan *NG S PORE LOO. FOR Further load/ discharging pons an route subject to sufficient inducement Smppor* Agent Goodrich Maritime Pte
      370 words

  • Page 19 Advertisements
    • 830 19 rt The Straits Steamship Group Mansfield Container Shipping Pte Ltd s SEES t ma «w m ma 1U w w w wW v V »m HI HI HI w UK w 11/4 i*« ap mm im iw afi w mh tm m aa ma ma ma ma Alto Accepting Cargo
      830 words
    • 857 19 NOTICE FAI EAST/ MIF IF ADEN AND HI SEA PMTS CDNFEDENCE :l* J 3?• i W i *TT The member Lines of the above Conferences have been monitoring the berthing situation at the undernoted port and have reported and agreed on the following:ASSAB In the light of an improvement in
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  • Page 20 Advertisements
    • 358 20 CON lAINERSHIP SERVICE TO UK CONTINENT S'MrtPK I Stan H'buri B'havan Man/Awtm 12/2 *3 4/3 *3 2/3 14/2 I*2 I|3 W HI 11/3 w an w w w w 2*2 VI2 1713 I*3 a/3 a/3 Lhwrpoot Bay City «f Wflburfh I 4/3 1/3 2*3 a/3 2*3 30/1 Fraaktat Exprau 113/3
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    • 572 20 FULLY CONTAINERISED SERVICE TO FIIROPE VIA SlltZ Member ot the Ace Consoftium mtft. FROM 'JROPf VIA SUEZ J Membff ol the Ace Consortium ORIENTAL CHIEF BE KOREAN JACEJIN 17E rnl I CONTAIN'RISfI> I<l (ROM NOfMH AMIKIi'A v r(lfl r ,l fOßWrraa vessel CRP K/KOREAN NOMIS JIN H 17/2 LC« ME/KORtAN
      572 words
    • 220 20 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOO PARCEL SERVICE To: CONT/UK PORTS: AZALEA SaiW ITC-fIH Tg. Ibn* STORE •TIN ITC-OOJ 22/2 2*7 SINCAPOffE WNTKELANC KOTA KINABALU TC. HANI calico snip*** rA ltd TMtanM Tic IS lAUOO PAX: a«n PERKAMLAN lITAfIM SOD «N0 T«t muiM' KESAWAN SMFPINC SON «H0 MMPha)talM RASA HUNIMAN SM
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    • 690 20 r 0 EVERGREEN full Container Service Round-The-World East Bound (FE/CARIB/USEC/EIIRO/FE) EVER ORAM EVER GOLDEN EVER CLEABY EVER LAUREL EVE* LIVING Eva sum EVER UNKING ALSO ACCEPTING 1) MM| NUMSTON. D ATLANTA, CM nkg us kls pus m W WW-. M M *3 www www- j» m WWW www TVO KSN
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  • Page 21 Advertisements
    • 510 21 x PACIFIC INTERNATIONAL LINES \W\ PIL Building. 140 Cecil Street, 03-00 Singapore 0106 Tel *****33 FAR EAST CONTAINER SERVICE MAJAFAMT OOVA KOTA MNQA SIN JKT MY SIN ann nn nn 4/a «a a/i u no tM 17/2 It/2 TCN TAICHUNQ IMM I 9 1M 1M 11/1 1M D M FT
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    • 144 21 jggj| THONG SOON "09-00. Robina House. S pore 0106 Tel: *****88. Telex: RS ***** BOOKING: *****88 (DIRECT LINE) SINGAPORE TO PENANG SINGAPORE TO SARAWAK SINGAPORE TO SABAH PORT SINGAPORE TO BRUNEI CQNTAIffER FEEDER S SINGAPORE/BANGKOK With Reefer, and FCL Container Service Agents: Bangkok: Trarwport I Freight Forwarding International Co. Ltd
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    • 694 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT '.MAM STQN MB rtUVCR RDM HAVRE W WWW W MO M 110 iw iw iw ua M u/i iw a/i a/i on w ad 9/1 a/i an a/i W W W W 70 W 2/1 W u« 1* IW IW iw iw iw
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    • 442 21 DJASAGETRI A Joint Europe Service Of. P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA IHDOWEtU P.T. TRHCORA LLOYD CBNTAMERSIIIP SERVICES VSL/VOY NATAAAMA7WB PALEMBANG/CWB CAUDA BHAKTI/17WB KUTAI/11WB S. PANJANG/UWB SRIWIJAYA/HWB OCCAM PRIMA/7WB m an m UN l(/4 70.4 7/4 11/4 13/4 17/4 17/4 A/4 24/4 27/4 *4 »4 7/5 125 ms
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    • 341 21 BOUSTEAD SHIPPING AGENCIES 104 KAW VU» M AN VM7W PAGAN VMM BURMA FIVE STAR (Burmese National Line) Loading for Rangoon S pore P.Kelanf Parang *12 FA 20,72 FA 243 F* BANK LINE TAMAITAI SAMOA VAN FORTH BANK VIM IVYBANK VIM SPORE ROAM HUU. 2$ 2$ 21/3 lt/4 23/4 TOANA NIUGINI
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  • Page 22 Advertisements
    • 1247 22 IkBMM/KM/MU FEEDER VSL MOTHER VSL SPORE PKLG PNC J. MIDGE Vt3 TBN VSI UF* UU Ufi •j IV LINE —KAWASAKI KISEN KAISHA, LTD.— SPORE PKLG PNC SPORE KOBE GUAYAQUIL CALLAO ARICA IQUIQUC AFACASTA S ANTONIO VALPARAISO 11 FA UFA UFA UFA 0 Mar 7 Apr 15 Apr U Apr CBVTIAi.
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    • 576 22 zj a AUSTRALIA EXPRESS CONTAINER SERVICE AccopWng FCUFCL Container* ESTECLIPPtR Vl2 11 Mar INDIA EXPRESS CONTAINER SERVICE AoctsNng FCUFCL Containers iKMpon PtMni Parana LoadM| lor ARVJ2 22 FA aFA Hadraa/HaMia/Calciitta/C'Gi CALABAR V.J2 KABIRDAS V.CM SOA PRADESH V.I2H 10. N AAA LAND VMM V. AWT AIM V «M S O. TRIPURA
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    • 689 22 GOLDEN LINE GUXN GUM SHPHNG (PTE) LID 23 Tel* kf Sheet sbkapore SIM m UMW <M IHSI STRAITS/PERSIAN GULF SERVICE: s-por* p km* p* GOLDEN HAVEN Cotombo/Kar»dti/MuKat/Oubei 11/12 Fab GOLDEN WONDER Colombo/Karachi/Dubat/Batirain 3/4 Itor CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC OF CHINA P.KLANC PENANG DESTINATION TANGQUAN 15/2
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    • 416 22 INTRASEA PTE LTD 15 Hof Chiang Road 02 03 Sanford Budding Singapore 0208 T«l *****11 10 ltn*ti Bulk Orient Line I BREAKBULK SERVICE TO EUROPE/UK V AOCLINA tm S'para P. Mam Lm*« hr 12/2 15/2 SETE/ROT/ANT/UK(NULL) Tlnp>iri INTRAttA (PTE) LTD BOOKING 2MBI K. Lwpur BINTANG SNIPPING CO. SON. MO 7M4711
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  • Page 23 Advertisements
    • 896 23 NEPTUNE ORIENT LINES LTD spw NEPTUNE AGENCIES PTE. LTD. FE EU/AUST TPA/SEA Tel No Office Terminal CTS BOOKINGS 278W7 *****5J VKH2 mmn m-mn mtxi *****2 OR DIRECT LINES *****19 27MK *****18 NEPLINE SON. BHD. *****87 NEPLINE SON. BHD ****** NEPLINE SON. BHD. *****/827W8/127M1/K7H2 NEPLINE SDN. BHD. *****8/*****1 FAR EAST/EUROPE WILY
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    • 414 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON No 7 Donam/701N No Dmim/TUN No. < Donam/702N No I Donam/7C2N No 7 Donam/7Q2N No J Donam/7Q2N No C Donam/703N s?i*» A(Jnis NfPlllNf AGfNCHS PU I ID IH i' 7899/7 ?/BS4M ißooimrsi 7 1 10 I
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    • 604 23 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 PENANG M/S SHARIKAT WAN SOON SON. BNO. IST AND 2ND FLOOR, MESSRS NAI THONG SHIPPING
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    • 59 23 Vf/ /.s////v VI I >/\7 SUN HOPE V.tA HERCULES V.IA 12/2 GISO (MRU NO. VJM 2*2 Cdn. K-20 fro* MtUNhre. Hy V.tA will to InM on tfw lltti FA «7 at Thtft will bt no further survey iflif this SHIBUSAWA MEtSHIN I N.T.V. TFT* CO. PTE. LTD., 143, Cadi Strwt.
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  • Page 24 Advertisements
    • 279 24 •fniSI 1 REGIONAL CONTAINER LINES M cassis— BANGKOK (4 SAILINGS A WEEK) 518 1 PCT Bgl U1L J Ji IPTB PH3I IBEBi C 23 EPM TO P.KELANG PENANG (2 KUIM A WEEK) nan E9E!9E!9 P"*! iJI M'.'Jl SMJ. 2 OT3 n BENGAL BAY CONTAINER FEtDr R TO CHITTAGONG KFIANG FARYS
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    • 32 24 /> FARGO SHIPPING COMPANY(PTE)LTD. RFGULAR EXPRfSS FULL CONTAINER AND I CL SFRVICF 200 Cantonment Road «08 06 Southpoint Singapore 0208 Tel: *****22/*****59 CPS (Import) K37 Tel *****78 CFS (Export) EAL Tel: 261 1849
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  • Page 24 Miscellaneous
    • 160 24 Regional Weather I v-'. SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AM. THIS MORNING. LEGEND: </* Wind direction with speed in knots Wove height One holt Heche represents 5 knots R Thunderstorm Temperature c X\ V Shower Weather Wmd direction with speed in knots Ram >—' Cloudy Skr Wove height
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  • Page 25 Advertisements
    • 287 25 COLUMBUS LINE REEDEREI GMBH A A SfR .K f Of HAMRLJRC, SIJD tiV (XPRfSS SEMI CONTAINf R SFRVICt TO Oneul AfcenK Sf -V lON SHIPPINI, <S> PH t 10 BOOKINGS IH ??ob6Hl <S lines II X RS 14JS4 SHION miimm CALL US AT: K. LUMPUR P. KELANG PENANG J. BAHRU
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    • 384 25 Hai Sun Hup Co (Pte) Ltd n TF I ??0490f> i? 0 lin.'si U Ms .'.'it,' MS fc. i \s 11 i<\ \k i i\i u i i r STRAITS/JAPAN/STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS Loading at appropriate Borth P4-P5 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG, TAIWAN A
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  • Page 26 Advertisements
    • 549 26 EAC I ASU EUROPE FAR EAST/CHINA 1 Snifupore Agents RAhhf SIMI DARBY SHIPPING Pll I II) IH S3bloBB SiS.'.i.'f, mst&z M sia agent Maritime Tran»port M tie Sdn Bhd Tei 03 *****50 T 20' 16 MTV S pore agent Trennntra Shipping Pie Ltd Tel 02 *****88 T:, RS 28?87 (Tras
      549 words
    • 154 26 INTEROCEAN LINE TEL- *****34, *****94 TLX NO. MA ***** ACCEPTING CARGOES FOR THE FOLLOWING PORTS I ''l '1^ UAUC"*** Booking: *****27 ft *****11 Fax; *****30 T«l«c R*****9 NUNK Accepting FCL, LCL, CONVENTIONAL ROTT, ANTWERP. NAM. II HARVE, BREMEN, UX SYO, MELI. ADE. BRIS. FREMANTLE, DARWIN. AUCK, WELL. C'CHURCH. LYTLTON WEST
      154 words