The Business Times, 24 February 1987
1987-02-24
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The Business Times
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Title Section12 1987-02-24 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, FEBRUARY 24, 1987 75 CENTS12 words
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Article, Illustration193 1987-02-24 1 Overseas markets Monday HK Hang Seng Index 2879.01 51.61 Tokyo Nikkei Average *****.50 (-139.89) Sydnoy All-Ordinarios 1605.91 1.0) Friday Now York (Dow Jonos) 2235.24 (-8.85 London (FT 30 Index) 1567.0 24J) 1559.7 (noon, Monday Slmex DM (Mor) 0.5489 (+20) Euro-$ (June) 93.65 (-4 Yen (Mor) 0.*****9 (+11193 words
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Article, Illustration268 1987-02-24 1 PRICES CLOSED MIXED in hectic trading yesterday on the Singapore stock market, with the Straits Times Industrial Index easing marginally by 0.68 points to 1,061.27. The all-sector BT Composite Index dipped 1.37 points to 948.59 on a heavy turnover of 58.8 million shares268 words
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Article69 1987-02-24 1 Reuter THE PHILIPPINE Board of Investments has announced a draft investment code setting out incentives for new investors and existing enterprises planning expansion in a two-year period retroactive to Dec 1, 1986. The draft provides a tax break for up to eight years as well as tax andReuter - 69 words
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581 1987-02-24 1 LOH HUI YIN - Developers hope CPF funds can be used for investments By LOH HUI YIN PROPERTY UNIT TRUSTS, which would open the property market to small investors and help give it more stability, are being looked at afresh by the government. Developers have581 words
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302 1987-02-24 1 Reuter HONGKONG'S 1987-68 budget, to be announced tomorrow, is likely to show a small surplus with no major tax revisions, according to economists. They said that Financial Secretary Piers Jacobs, who will present the budget for the fiscal year beginning April 1,Reuter - 302 words
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460 1987-02-24 1 GOH YEE LING - By GOH YEE LING RECEIVING a letter addressed to Singapore, China, may seem like a bad joke, but there may be some unanticipated advantages after all. "Our hosts today may be gratified to learn that many thought Singapore was one of460 words
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184 1987-02-24 1 Reuter THE CHAIRMAN of a committee of Indonesia's main overseas aid donors yesterday discussed the country's foreign assistance needs for the coming financial year with seven Cabinet ministers. Dutch Minister for Development Cooperation Piet Bukman had a meeting in Jakarta with theReuter - 184 words
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Article, Illustration433 1987-02-24 1 SINGAPORE will mass produce one of the world's most advanced personal computers (PC) by the end of this year. The ALR 386 computer, many times more powerful than the current top-of-the-line IBM PC model, will be manufactured by Wearnes Technology433 words
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Article99 1987-02-24 1 Reuter PRESIDENT SUHARTO yesterday opened a new US$B25 million steel mill, the final element in an integrated and self-sufficient steel industry in Indonesia. The new mill is part of the giant Krakatau steel industrial complex on the shores of the Sunda Straits in West Java.Reuter - 99 words
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Page 1 Advertisements
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Advertisement52 1987-02-24 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Contest cards are found inside every box of leads. Simply 'scratch' for your prize. (Prizes must be claimed by 31st March'B7) 0* c< 'astbewon. o^ cS S*&'* 10 $10 $500. P ,us as o1 boxes HARDESTTO BREAK! Marketed by Pilot Pen (S) Pte Ltd52 words
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Advertisement300 1987-02-24 1 Gaston Thorn, the diplomat GASTON THORN did not choose to become a politician. The former prime minister of Luxembourg and ex-president of the Economic Community was set to become a lawyer. But his journalist wife, Liliane Thorn-Petit, decided he should enter politics. Turn to Page 8 for an exclusive interview300 words
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Advertisement9 1987-02-24 1 Exports of printing, publishing trad* by 37pc, Pag* 39 words
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Advertisement258 1987-02-24 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Shipping Timaa comaa aa a aaparata aactlon today. Make aura you gat your copy. With Hongkongßankfc Home Loan- ftiy oily the interest for XM the first 5 years. imm KXKi. m W I*** Only Hongkongßank has a home loan B that's specially tailored to258 words
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HOME NEWS
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Article, Illustration411 1987-02-24 2 TONG SUIT CHEE - By TONG SUIT CHEE AN INTERNATIONAL air freight forwarding company is attempting to interest Singapore Airlines (SIA) in a cooperative deal involving courier and airfreight services. Mr John C Emery, the chairman and chief executive officer of Emery Worldwide, told reporters at411 words
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Article, Illustration408 1987-02-24 2 HOMER CHEN - By HOMER CHEN AT TWENTY-TWO, Prudential Assurance's Eunice Gan is the most successful salesperson in her company, earning well in excess of $163,000 in commissions last year. She is coy about her actual earnings. Miss Gan is the youngest person408 words
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244 1987-02-24 2 THE US EXPORTED around $445 million worth of agricultural products to Singapore last year, a 14.4 per cent drop from 1965. But this was due to Singapore's economic recession and did not reflect a drop in the US share of244 words
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Article72 1987-02-24 2 A ONE-DAY seminar on how traders and exporters can use the Generalised System of Preferences (GSP) and the Asean Preferential Trading Arrangements (APTA), will be held next month by the Trade Development Board. Participants will be briefed on the mechanics and operstions of the various72 words
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123 1987-02-24 2 A DRAFT AGREEMENT for the avoidance of double taxation was signed between the Islamic Republic of Pakistan and the Republic of Singapore last Saturday in Islamabad. Ratification is expected to take a few months and the agreement, when brought into force, will take effect from123 words
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362 1987-02-24 3 THE DOMESTIC EXPORTS of the printing and publishing industry in Singapore rose by 37 per cent to $188 million last year in spite of the recession. This, said Mr Alan Yeo, the chairman of the Trade Development Board, made the printing362 words
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Article, Illustration291 1987-02-24 3 ECONOMIC Development Board chairman Philip Yeo yesterday told Japanese executives in Nagoya that Singapore is prepered to make fundamental changes to be cost-competitive. "You can see this already in the way we have introduced and adopted very major cost-reduction measures291 words
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Article99 1987-02-24 3 MR NG POCK TOO has been re-appointed a board member of the Economic Development Board from Feb 1. for another two years. Mr Ng is Political Secretary of the Prime Minister's Office and deputy director of the National Trades Union Congress. Two others have99 words
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Article64 1987-02-24 3 MRS MARGARET KOH, the director (asset management) of the Post Office Savings Bank, has resigned to join the Oversea-Chi-nese Banking Corporation as a vice-president (investment banking). A second senior POSB executive, Mr Peter Chia, will leave the savings bank next month. Mr Chia, POSB's public relations64 words
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Article69 1987-02-24 3 MORE THAN 500 Rotary Club members from Brunei, Malaysia and Singapore will meet in April to discuss the organisation's programmes for the financial year 1967/8. Foreign Affairs Minister S Ohanabalan will declare open the 53rd Rotary District 330 Assembly on April 25, at the Mandarin Hotel. The incoming69 words
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Article, Illustration409 1987-02-24 3 MARTIN SOONG - By MARTIN SOONG NEW SIGNALS being sent out by the Soviet Union on nuclear arms limitation should be viewed cautiously, according to the British High Commissioner to Singapore, Sir Hamilton Whyte. Sir Hamilton, speaking at a Rotary Club luncheon yesterday, said it409 words
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241 1987-02-24 3 SINGAPORE BUS SERVICE has reinstated a bus driver sacked recently for an accident last month in which an 11-month-old baby was flung out of the upper deck of the bus. But Wong King Ping, 50, will not resume his former duties. A joint241 words
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Article508 1987-02-24 3 MONICA GWEE - Need to keep track of legislation on information By MONICA GWEE THE GROWTH of information technology would certainly mean more dealings between governments and business and some would be for the good, but there would be problems, a speaker at the Aaian World Publishing Congress508 words
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Page 2 Advertisements
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Advertisement162 1987-02-24 2 TOP OF THE CLASS! Thai's Royal Executive Class has been voted the Best Business Class in the 1986 Airline of the \fear Awards We admit we had gone to extraordinary lengths for the business traveller. Wider-than-normal seats and legroom. Exquisite linen, fine porcelain, silver cutlery and a choice of menus162 words
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Advertisement121 1987-02-24 2 This announcement appears as a matter of record only. MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BERHAD PUBLIC OFFER OF 84,985,000 ORDINARY SHARES OF M$ 1.00 EACH AT M 52.40 PER SHARE AND LISTING ON THE KUALA LUMPUR STOCK EXCHANGE Adviser GO Oil Arab-Malaysian Merchant Bank Bcrtwd Joint Managing Underwriters ARAB-MALAYSIAN PERMATA CHARTERED121 words
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Page 3 Advertisements
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Advertisement108 1987-02-24 3 > <v *1 dfe ft mi'--'* m *****®' mm WM. iSIPIP -i -c a v •V- 1* an? v i "U T4**& *v > rr <•.« 1 r* a, i- y s s I >IM 3it £,> V*Jk -i gj /■vsfc- «S -»'I towf >. S T... I SS SsS108 words
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ASIA-PACIFIC
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526 1987-02-24 4 Commodity prices higher than estimated MBT MALAYSIA'S gross national product at current prices can receive a boost of up to Ms 6 billion this year over the figure projected by the Treasury in October if prices of major commodities maintain current levels. GNP isMBT - 526 words
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191 1987-02-24 4 AP PRIME MINISTER Rajiv GandM said he did not expect a negotiated settlement to the Sri Lankan civil war as long as the Sri Lankan government continued its offensive against Tamil rebels. Mr Gandhi told a meeting of the Congress Party'sAP - 191 words
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129 1987-02-24 4 Reuter A LAW to prevent property owners from undervaluing assets to avoid taxes has severely depressed the property market in major Indian cities, property brokers said. The tax law, amended last October, requires all property sales of over one million rupees to be approved byReuter - 129 words
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292 1987-02-24 4 UPI SIX PERSIAN GULF oil ministers agreed on Sunday to a series of moves to punish overproducing Opec nations, which they fear could derail a Geneva agreement designed to fix world prices at about US$lB a barrel. The Gulf CooperationUPI - 292 words
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380 1987-02-24 4 Reuter NEW ZEALAND and Australia are discussing the possibility of jointly ordering naval vessels as part of growing military cooperation, according to New Zealand Prime Minister David Lange. He declined to describe the type of vessel already discussed other than to sayReuter - 380 words
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Article, Illustration243 1987-02-24 4 Reuter AUSTRALIAN Prime Minister dob Hawke said his government is likely to introduce a minibudget in May because of continuing economic problems. Mr Hawke said in a radio interview yesterday that there were no quick solutions to Australia's balance-of-payments and foreign-debt problems. "AnReuter - 243 words
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297 1987-02-24 4 UPI SPECIAL hit squads should be formed to hunt down and assassinate top terrorists, an Australian expert on international law says. The suggestion came from Or Glen Barclay, the Associate Professor of International Relations at the University of Queensland. Or Barclay, writing in theUPI - 297 words
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Article138 1987-02-24 4 AP RURAL INCOMES are increasing in China, but more slowly than in the early 1980s, and the incomes of peasants in the east are growing more quickly than those in the west. The average annual net income of Chinese peasants last year was 424 yuan (US$ll4),AP - 138 words
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Article878 1987-02-24 4 ARRIVALS Operator S«rvk» Local From number time UA UA805 0100 SFO/HKG CAL a 341 0155 TPE CAL 0337 0215 tpe FT FT75 0316 UH/OtO/ANC/ CAL 0331 NRT/MNL/TPE 0405 TPE SV SV398 0710 J ED/MX MAS MH681 0820 KUL MAS MH811 0910 PEN MAS MH671 0920 KUL SIA878 words
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Page 4 Advertisements
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Advertisement122 1987-02-24 4 ;> m* 4 |1 u J m m v, A < m\ x V f. .4 I Korean Air wide-bodied jet takes off from Singapore bound for Seoul. It departs every Wednesday and Saturday morning at 9:35. So you arrive in Seoul in the afternoon. And once you re in122 words
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Advertisement63 1987-02-24 4 I g I I \l\ I The business person's choice, every I I II \II II II I Tuesday, Saturday and Sunday. I M wI I t\ I Leaving Changi Airport at 22:05 I y-L V_y -L hours and arriving Heathrow at 06:45 hours the following morning. Call your Travel63 words
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Page 4 Miscellaneous
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Miscellaneous78 1987-02-24 4 Doonesbury ..AND IV£ ALSO THANK YOU, DONE EXTENSIVE DOCTOR. HUELL, RESEARCH ON BARBARA ANN, CAUSESOFTEEN THAT JUST DELINQUENCY. LEAVES YOU! HI.EVBVONE. I'M BARBARA ANN BOOPSWiN. TM AN ACTRESS, A SPIRITUAL H7YA6ER, ANPA CHANNELED UNO SPEAKS FOR A REAIVf GOOD-LOOK-N621&5-YEAR-OLPNARRJOR NAMED —V HUNK-RA! c. «r, I m s m 'v-y. U78 words
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Page 5 Advertisements
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Advertisement504 1987-02-24 5 As three of the smartest and most versatile personal computers on the market, their prices are surprisingly low. And each comes with an unbeatable offer. Vn fm m u -4 V A y ■ML EPSON PC: IBM PC hardware and software compatible. 80C88 microprocessor. Capacity for two 360K8 FDD or504 words
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REST OF THE WORLD
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638 1987-02-24 6 Threat of market intervention not enough to prop up dollar, say experts NYT SUNDAY'S six-nation agreement on stabilising the US dollar and accelerating world economic growth may not be sufficient to stop the dollar's fall in coming weeks, say experts and officials involved in theNYT - 638 words
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436 1987-02-24 6 NYT NEW ORDERS for Americanmade machine tools rose 8.2 per cent in January from the slightly improved levels of December, according to a report released yesterday by the US National Machine Tool Builders Association. In spite of the increase, trade association officials saidNYT - 436 words
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423 1987-02-24 6 Reuter A STATUTE OF limitations has gone into effect shielding hundreds of Argentine officers from prosecution for human rights violations committed during military rule from 1976 to 1963. Official sources said about 150 people, mostly military officers, had been indicted in human rights cases inReuter - 423 words
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349 1987-02-24 6 Reuter THE LONDON Business School, s private economic forecasting body, said the UK government should postpone tax cuts in the next budget to avoid the risk of rekindling inflation. Chancellor of the Exchequer Nigel Lawson is widely expected to cut at least two penceReuter - 349 words
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198 1987-02-24 6 Reuter POLISH LEADER Wojciech Jaruzelski has called for more openness and criticism in Poland's ruling communist party and warned that incompetent officials would lose their jobs, the official PAP news agency said on Sunday. In language similar to that of Soviet leader Mikhail Gorbachev, JaruzelskiReuter - 198 words
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754 1987-02-24 6 NYT IT'S EVENING AGAIN in America, according to leaders of the AFL-CIO. At the executive council meeting that ended last Thursday, the union leaders' deep gloom about the economy tempered their optimistic assessment that in 1968 they would back a winning presidential candidate for theNYT - 754 words
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Page 6 Advertisements
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Advertisement322 1987-02-24 6 The Crown Prince Singapore. Where high expectations are quietly met. The business traveller to Singapore is out to do a job. As such, his expectations are higher than normal. We know these expectations very well. At the Croum Prince Singapore, it is a custom to meet every one of them.322 words
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WORLD BACKGROUND
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654 1987-02-24 7 NYT BRAZIL'S decision to suspend payments on its US$lOB billion foreign debt last week marked the reappearance of an explosive element that had been kept locked away safely for two decades by the country's military rulers. Politics, all that business of wanting to be popularNYT - 654 words
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591 1987-02-24 7 Reuter EGYPT'S draft agreement with the International Monetary Fund (IMF) on economic reforms in return for standby credits is expected to restore confidence in the faltering economy. The inflow of IMF credits, which Western diplomats said would be between US$25O million and US$3OOReuter - 591 words
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Article764 1987-02-24 7 LEONARD SILK - Answer to trade woes lies in more vigorous industrial growth By LEONARD SILK NYT WHERE AMERICAN ECONOMISTS commonly believe that the way to eliminate the huge US trade deficit is to lower the value of the dollar, Japanese economists maintain that the basic answerNYT - 764 words
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Page 7 Advertisements
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Advertisement45 1987-02-24 7 ao fmu k iM ot i r M<«)rif'fiti <i trt-iits nxxit'l by r I.»■ ('oultrv. Automati< nun<mriU with i oniplfto caJt-miar. Available in SINGAPORE: Robinson's Centrepoint Cortina Watch Centre Nanking Watch Tigress Changi Airport MALAYSIA: CLI.L. Centre Hilton Hotel Woo Hing Bros (M) Sdn Bhd45 words
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Advertisement259 1987-02-24 7 Computers and Communications Multi-strike ribbon with interchangeable feature /1 Aa' A >'r I -''-a Y '-f ir *> t 5 L iV-A c sl-V< '4 iv *-v; 41M -*"s. <:■;/ j..' s .■>' jgm 'it*. JB3 OflfeOfl VMrMH NEC's cost-efficient PSXL is the only 24-pin dot-matrix printer capable of crisp259 words
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FEATURES
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Article500 1987-02-24 8 IF THE POLITICIANS kept out of it, the dollar would actually be a lot more stable, said a cynical foreign exchange dealer in Sydney. He was referring to the weekend accord by the world's major industrialised countries to stabilise the foreign exchange markets. Shorn500 words
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Article, Illustration970 1987-02-24 8 TONG SUIT CHEE - Gaston Thorn was set to become a lawyer when his Journalist wife decided he should enter politics and so launched his illustrious career. TONG SUIT CHEE interviewed the Thorns when they visited Singapore recently. TONG SUIT CHEE MR GASTON THORN, former970 words
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Article, Illustration728 1987-02-24 8 LIFE IS HECTIC and can sometimes be troublesome for someone who is both a journalist and a wife of a famous politician. Mrs Lilians Thorn-Petit manages though, well enough to be a respected member of her profession. Married for 30 years728 words
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Page 8 Advertisements
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Advertisement93 1987-02-24 8 M anagers ust anage BT shows you how every Monday. IIiSS m rnjliilri'l'i tipil lii i rli>nr I'iVi mll ii>v'sV. CIS 2424 AO MODEM (las: 685-88 DM 208) CTS 2424 ADH MOOEM* (las: 886-86 DM 209) (las: 666-66 DM 2w) lOt CTSModems... CIS HIGH SPEED MOOEM n No Compromise For93 words
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Page 8 Miscellaneous
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Miscellaneous1066 1987-02-24 8 wnemmm TUESDAY PREMIERE Countdown To Looking Glass 10.30pm, Chsnnsl S A clash between the Americans and Russians in a pro-American Middle East nation leads to attempts to avoid nuclear disaster via a secret manoeuvre code-named "Looking Glass". The US President and his closest advisers board an air-borne command post to1,066 words
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SPORTS
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228 1987-02-24 9 AP TZE-CHUNG "T.C." Chen, who'd gained notoriety by blowing a big lead in the US Open, made the clutch shots on Sunday to beat Ben Crenshaw in a playoff for the Los Angeles Open title. Chen, a native of Taiwan who had not wonAP - 228 words
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273 1987-02-24 9 AP AFP SECOND-SEEDED Steffi Graf needed less than an hour on Sunday to dispatch fourth-seeded Helena Sukova of Czechoslovakia 6-2, 6-3 in the final of the U*****,000 Virginia Slims of Florida tennis tournament. Sukova wasn't the only player to have troubleAP; AFP - 273 words
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449 1987-02-24 9 WALTON MORAIS - By WALTON MORAIS TOP SEED Neil Rajapakse, saying ha faarad no one in this tournament. overcame a slight hiccup in the second set to win his first round match of the Marina Square Singapore International Junior Tennis championships at the Kallang Tennia449 words
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Article54 1987-02-24 9 Reuter LLOYD HONEYGHAN of Britain retained his world welterweight title with a furious display of power as he stopped American challenger Johnny Bumphus in the second round of their scheduled 15-round bout in London on Sunday. Honeyghan was making his first defence of the World Boxing Council andReuter - 54 words
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Page 9 Advertisements
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Advertisement7 1987-02-24 9 TV and Radio programmes on Page 87 words
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Advertisement65 1987-02-24 9 a m •H v.rSff r 1 THE CRICKETER GRAND OPENING "The English Pub Where Gentlemen Meet, Eat and Drink PUB HOURS Daily from 12 noon to midnight. BILL OF FARE Hot Roast Beef Sandwiches. Traditional Fish Chips. LIVE ENTERTAINMENT After spm. on the 4th floor. Marina Mandarin MARINA MANDARIN 665 words
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Page 9 Miscellaneous
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Miscellaneous704 1987-02-24 9 Play golf the Sevvyway £>LAV"VG /N A STRONG W/N£> OSUALLY MEANS N/GN SCOR/NG ESPECIALLY POR N/GNER HAN&/CAP PLAYERS, AGAM/ST WE W/Nl> ALWAYS TAKE TWO CLUBS NIORE. SHORTEN rYOUR 5»VWd, SREAR THE WR/STS A urrce more than normal ov THE SACNSW/NG FINISH 5ACKSWINO RESTRICT THE FOLLOW THROUGH. p f > >*704 words
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Miscellaneous22 1987-02-24 9 i FIND this gPoo»<> sysTem conpLCTeLv ReofiGAKiiseo JOKJC Rung 00N6.S IOHO'S B€£>J SITTiNG fM ,prw CHPvIR F> Oe««nin« Standard Co.Ltd, IMI-IM7 73^.1^22 words
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RAW MATERIALS
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555 1987-02-24 10 Reuter INDONESIA is exploiting its abundant gas deposits and angling for new markets for gas as prospects for its crude oil seem dim. Industry analysts in Jakarta said yesterday that new agreements are turning Indonesia, the only Asian member of theReuter - 555 words
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Article330 1987-02-24 10 UPI PERUVIAN President Alan Garcia has announced that Royal Dutch Shell has made a gas find in the Peruvian jungle that is the biggest energy discovery in the country's history. Mr Garcia said last Sunday that the Peruvian subsidiary of Shell had discovered seven trillionUPI - 330 words
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Article66 1987-02-24 10 Bangkok (US$/tonM, FO«) White Rice 100% la* don 255 100% 2nd do* 220 100% 3rd dam 215 s% 205 10% 200 15% 195 20% 185 25% 180 35% 180 Broken Rice A-l Super 133 A-1 Sp«dai 130 C-1 Spadol unq C-1 Ord MKJ Loonzain Rice 100% 1«r grade unq66 words
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Article192 1987-02-24 10 MALAYSIAN crude palm oil prices closed firmer yesterday on short covering interest in a technical correction to recent falls, but trading remained thin as operators were sidelined, adopting a cautious attitude. Dealers said that higher palm oil futures and a firmer Chicago soyoil futures close last week supported192 words
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Article144 1987-02-24 10 OIL PRODUCTS PRICES on the Far East spot products market remained confused with price levels difficult to identify. Fuel oil sentiment was weak on oversupply conditions resulting in fresh trade below 80 FOB S'pore/c +f. This contrasted with talk generally around 80-84 FOB S'pore. Naphtha was weaker on c f144 words
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Article88 1987-02-24 10 THE PRICE OF TIN on the Kuala Lumpur tin market closed unchanged yesterday at last wssk'e pries of Mftt.M psr kilo. Ths marKwl cotiiinuww inacuva, wnn most ssllsrs rsluctsnt to commit themsslvss below M 517.00. Totsl volums offered, mslnly by csah-etrsppsd mlnsrs, droppsd to 52 tonnso from M88 words
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Article295 1987-02-24 10 RAS prices In t MufcOg, FC In bait NOON CLOSE Bwyon Buyors C li bit 1 RSS Prompt 191.00 192.00N 189 JO 190JON If* 1 RSS Mor 87 191.00 192.00 189 JO 190 JO bit 1 RSS April 188.00 189.00 186 JO ***** bit 2 RSS OP295 words
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Article259 1987-02-24 10 SINGAPORE I The market closed easier yesterday 1 with March 1 RSS buyers quoted at 189.50 cents/kilo, down 5.00 cents from 1 last Friday. The morning session lost 3.75 cents in quiet trading on stale bull < liquidation and some stop-loss selling. i Prices tell further in moderate afternoon259 words
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Article79 1987-02-24 10 (cann/kg, 1 -to n pattaft) MAI 87 APR 87 (currant month) (forwai •d month) NOON NOON RAS Sihn S»l»n SSI 20 173.00 175.00N 171 JO 172JON SSI 50 1T1-00 173.00N 170.00 17T00N ITT; SMI cv 269-50 271 JON 270.50 272J0N SMI I 269.50 271 JON 270JO 272J0N79 words
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Article139 1987-02-24 10 Chinese Produce Exchange Saltan' noon doting pricos on Fob 23 (S$/100 kg). Coconut oil ftufc FOB 90.00 Otd Oram FOt 100.00 N»w dram FOt 104.00 Copra Mixed (IOOM) 52 Pepper y IM ug ,L whH, FOt NLW 1270.00 Sarawak Wh*» FOt foq NLW 1255.00 Sarawak ipidol black FOt139 words
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Page 10 Advertisements
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Advertisement151 1987-02-24 10 c ii WSiefe id wiae, dine aai «atertiuiii Vmi The Szechuan b with the Meisan Sawxir the finest Szechuan cuisine; aromatic, spicy gourmet creations in an exciting blend of flavours. And discover SZZZZ. Si MEISAN At the Meisan /Ifl /-ii me ivKisan. Dnxcml) SnWMet*.. Royal Singapore 25 Scorn Road, Singapore151 words
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Advertisement128 1987-02-24 10 pGut of Anient a whole I new world ot oyster flavours Out of America starquality luscious oysters. c,tc.it tasting, great value. With 1-ranee's He lon 0000 At tin ictmed Manhattan (..rill the choice tor superlative American tare Manhattan Grill. February 11 -28, 1 )S 7 Lunch Dinner. ■JV ikwißierc Boulfv.irtl128 words
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Advertisement101 1987-02-24 10 ALL YOU WANT +4*0 MM* 3* tat 4* r;« N. 80 per person M Lunch: II am to 2.30 Sundays Public Holidays: 8 am to 2.30 pm 181, Kitchener Road, Singapore 0820. Tel: *****22 if/7 SUPERVAUJE SEMINAR PACKAGE For Ss2onett per person per dty, all these com plimenQr ies Seminar101 words
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Advertisement131 1987-02-24 10 1 X.O promotion At The Herttge Bar Jan. 1-Feb. 28 Buy a bottle of Hennessy x.o. (70cl) at only $195 Nett (Usual $320) and get an exclusive ballpoint pen and hot snacks FREE! Plus Lucky Draw (on Jan. 27) and Grand Lucky Draw (on Feb. 28) with the prize Ofl131 words
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Advertisement133 1987-02-24 10 Vfe earnestly suggest you take afternoon refuge in our $4.50, one price menu of 24 local and western favourites. All at hawker prices in air-conditioned comfort from 3 pm to 6 pm daily. ~^n The minute you feel the rumbles, head for shelter here. (All prices subject to 10% Service133 words
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ASIAN STOCKS
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Article354 1987-02-24 11 HONGKONG: The Hang Seng Index closed at another record high yesterday as strong demand from overseas institutions overwhelmed profit-taking. The Hang Seng Index climbed 51.61 points to 2,879.01 after surging nearly 60 points in early trading and easily surpassing the record 2,827.40 set last Friday. The Hong Kong Index354 words
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Article231 1987-02-24 11 fib a NT t Ko4ln 28.80 0.5 All Sincara Indua 2.42 •0.06 Kuochan Oav Laa Chang Yuan Cham Indus .2810 33.90 0.4 1 Allt Clflllflt Cathay Cons Chang Hwa Bank..... 33.20 42 00 53.00 31 40 0.4 unch 0.2 Lian Hwa Indus Nan Ya Plaa Pacific Cona 21 70231 words
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Article297 1987-02-24 11 m a YEN 2470 -50 Mitaub Elac Mitaub Eatata 495 2S20 506 -10 -80 •14 Altai 512 2 Mltaubiahi 1010 -70 860 -1 Mitsui Co 570 •9 510 -320 239 -10 1340 -20 315 3 1250 -90 MHsukoshi 1070 -10 675 -6 1100 -20 836 -9 2600 1290 Nac297 words
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Article84 1987-02-24 11 Marcoppar 134 unch 11 23 pesos Marstaal 0 002 unch Acoja Mining OriantaJ B 0 03 0 001 Phil Ovarsaas 0 0625 Phi lax B 042 on Picop B Atlas Con. B 19 PLOT 280 Baguio Gold 0 006 -0.0006 San Migual B 123 3 Basic Patroiaum 0.015 Saafront84 words
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Article535 1987-02-24 11 SYDNEY: Australian shares closed at record levels yesterday on strong support for key industrial and mining stocks but selling pressure emerged in late trading. The All Ordinaries Index closed at 1605.9, up 1.0 point from Friday s record close, while the All Industri- als Index firmed 4.9 to a535 words
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Article123 1987-02-24 11 RB a i Cheii Sugar OMlini Ind Daewoo Corp □••woo Heavy Daiahin Sacuntiaa Dong Ah Phar. Dong Suh Slock VON 2800 sao 945 1238 3690 ***** ***** 1901 -90 unch 26 -6 •140 +120 -630 Kangwon Ind Kia Motor Koton Ind Korea Long Term... Lucky Lid Oriental Brewery Oriental123 words
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Article153 1987-02-24 11 BANGKOK: The Stock Exchange of Thailand Index yesterday rose 0.88 point to 206.47 on a turnover of 681,535 shares worth 115.7 million baht. n a baht Saha Union Siam Camant ...199 unch Ao Kham Thai Siam City 729 6 Ayudhya InvMtiitti il Bangkok Agro-lnd 252 72 4 -0.5 Siam153 words
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Article74 1987-02-24 11 Reuter SIMON MURRAY, managing director of Hutchison Whampoa Ltd, has said that the group's substantial investment in Canada's Husky Oil Ltd reflects its confidence in the country as well as the oil industry. He told the Canadian Chamber of Commerce in Hongkong last Saturday that the groupReuter - 74 words
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Article, Illustration430 1987-02-24 11 Reuter CHUNG SE-YONG, the new chairman of South Korea's giant Hyundai business group, is planning a rapid expansion of its car and electronics industries and intends to concentrate new investment in these sectors. At present, the Hyundai Motor Company, oneReuter - 430 words
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188 1987-02-24 11 Reuter HONGKONG Dragon Airline» Ltd (Dragonair) plans to raise its share capital to HK$4OO million from HK$2OO million in spite of suffering continued losses since its set-up in 1985. Chief executive Stephen Miller said in Hongkong that Dragonair had placed orders worthReuter - 188 words
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Article52 1987-02-24 11 Reuter HANG LUNG Development Co Ltd has sold an unfinished office building to an undisclosed buyer for HK5603.8 million in cash. It said in a statement that pretax profit of about $100 million was anticipated from the deal. The building is located in the Central business districtReuter - 52 words
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127 1987-02-24 11 Reuter THE HONGKONG government-' owned Mass Transit Railway Corp (MTRC) has received top ratings for its commercial paper pro-', grammes. Chairman Wilfrid Newton said in-. Hongkong that Standard and Poor'» 7 had decided to assign the A-1 rating and Moody's Investors Services 4Reuter - 127 words
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Page 11 Advertisements
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Advertisement517 1987-02-24 11 Wiiiere id Mae, iiae aai eaSertala «K Start ofA New Experience Kinta-Mani Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood, Gado Gado, Sate (Satay). spicy Rendangs, Ayam Goreng. Chendol and more! Tickling your palate with an authentic Indonesian cuisine is only half the experience. The other half is just517 words
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Advertisement90 1987-02-24 11 TTTTwrnr: Peking M Sichuan Restaurant HOKKIEN-PORRIDGE UgVfS DINNER/SUPPER Buffet Style Choose from more than 20 appetizing dishes. Eat all you can for only $7 oQ++ Dinner/Supper Time: 7pm «.T v V V 4 *>- -s'v >* > For all you can eat $11.90* per person Specialities from different countries will90 words
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BANKING AND FINANCE
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Article796 1987-02-24 12 SINGAPORE: The US dollar yesterday closed mixed against most major currencies compared with New York's Friday levels, after a day of moderate and nervous trading. Dealers said that the dollar weakened in the afternoon on interbank selling after having firmed in the morning following news that the 6-5796 words
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Article228 1987-02-24 12 Interbank rates at 3pm yesterday: ■M OCor CIDSI portly Local dollars to on* unit of foreign currency: US doNar 2.1400 2.1410 2.8196 •24.10 Sterling pound 3.2859 3.2896 7.3469 -55.28 Australian do# or 1.4263 1.4291 3.4286 •58.40 NZ dollar 1.1770 1.1796 3^4286 -6547 rmuLriLui -i-M v.anoa»an aoii or 1.6090228 words
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Article, Illustration64 1987-02-24 12 THE OVERNIGHT rate on the Singapore interbank market shed K point to close st 3K per cent yesterday. The term ratea remained unchanged at 3% per cent prim* l«ndhig S$ Interbank rates at 7pm yesterday: Offer M Owr» 3 1/3 3 1/4 Imrik 3 3/1 3 1/4 2-annlh64 words
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Article279 1987-02-24 12 ASIAN DOLLAR deposit rates closed steady at opening levels in quiet afternoon trading yesterday. Dealers said that activity was slow in the afternoon as most operators were sidelined in the absence of fresh factors. However, most operators were cautious because of concern over Brazil's debt problems, dealers279 words
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Article607 1987-02-24 12 JUNE Eurodollar opened marginally unchanged at 93.68, one tick off the previous cloee, after the 6-5 accord over the weekend. Trading was cautious due to uncertainty over the implementation of the Paris accord on currency stability. Activity in the June contract was locked within a tight range of 93.68607 words
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Article319 1987-02-24 12 HONGKONG: Gold closed lower yesterday on late book-squaring sales by local investors after rallying at midday on speculative buying. Bullion finished at U*****.60/U*****.10 an ounce against an initial U*****.50/U*****.00 and the day's high of U*****.10/60. This compared with the close here last Saturday of U*****.75/U*****.50 and New York's319 words
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Page 12 Advertisements
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Advertisement136 1987-02-24 12 Only 5 days left to place your ad. vl >y.s :-7. w v o 4> <€> i 4 > 3 m.'Si H0 tr? **2iri %v >> i-l A ■*€&> MS a w »^r <* hp *S X *T <x ms z J \\>^ WE ARE USED TO BEING WELL USH)136 words
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SHARE INFORMATION
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Article, Illustration4252 1987-02-24 13 SHARE PRICES closed mixed in heavy trading as profit-taking made its appearance yesterday. The Straits Times Industrial Index closed a marginal 0.68 point lower at 1,061.27 while the more broadly-based BT Composite Index eased 1.37 points to 948.59. Turnover was a hefty 58.84,252 words
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Article231 1987-02-24 13 SINGAPORE Rites DSS 1220 *40 ccm 543 +35 ..rrr-* l"!"/ 1 1 ?to t ,T /OS SIA 1110 +20 at cadi How tar 406 +16 |T o, v H looag M 50* 217 +13 ST Tot Lao tank 322 +12 OKMOMI 540 +10 MAA 410 +10 e.2TTMUangFfe231 words
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Article4286 1987-02-24 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".4,286 words
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Page 13 Advertisements
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Advertisement13 1987-02-24 13 KL marine report, Business dons on the KLSE, Page 14 TECHNOLOGY every Friday13 words
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COMPANY NEWS
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Article, Illustration1395 1987-02-24 14 FT SEVEN MONTHS have passed since Standard Chartered Bank dramatically escaped a £1.3 billion hostile takeover bid from Lloyds Bank. Yet it was only about two weeks ago that the Bank of England launched at Standard's invitation an inquiry into how itFT - 1,395 words
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587 1987-02-24 14 FT HIRED FOR hit marketing talents, Mr Anthony Tennant's immediate task at the new chief executive of Guinness PLC is to restore the company's confidence and credibility. Guinness's reputation and share price have been savaged by the Department of Trade and Industry's investigation intoFT - 587 words
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Article414 1987-02-24 14 HEAVY scrip delivery and profit-taking after the midmorning break brought share prices to a mixed to easier close on the Kuala Lumpur stock market yesterday. Save for MISC, which made its debut, there was not much activity in the other counters. MISC was easily414 words
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Article2592 1987-02-24 14 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots ol 1,000 units unless otherwise specified. INDUSTRIALS Alcorn I85S) 1121 84 AISI (768 775) (32 782,592 words
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Article348 1987-02-24 14 Current Ex Books Date Total tor Total lot payment Ma do## payable toe year leal yea A N 13'/»%l Aug 19 NYA NYA 13*% 27% Bolw Lintong S%lbl Apr 6 Apr 16 Apr 30 5% 2298% Bedford 1% NYA NYA NYA 5% C C M is% Fob 17348 words
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Article208 1987-02-24 14 MALAYSIAN TOBACCO COMPANY Berhad: 30th AQM at the Ballroom, Hotel Equatorial. Jalan Sultan lamail, Kuala Lumpur, tomorrow at 11.30am. RAHMAN HYDRAULIC TM Berhad: 75th AGM at the Penthouse, 19th Floor, Wiama Jerneh, 38 Jalan Sultan Ismail, S02S0 Kuala Lumpur, tomorrow at noon. FRASER A NEAVE Limited: 88th AQM208 words
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316 1987-02-24 14 Bernama THE MALAYSIAN International Shipping Corporation Bhd (MISC) steamed into a rousing debut at the Kuala Lumpur Stock Exchange yesterday, with its shares soaring to well over twice its offer price of M 52.40. The stock was traded between $4.00 and $5.00,Bernama - 316 words
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Article107 1987-02-24 14 HONGKONG Hongkong Index Monday 1844.57 Friday *****7 Week ogo *****3 Hang Song Index Monday *****1* Friday 2827 40 Weak ogo 2766.06 All Industrials Monday ****** Friday ***** Weak ogo 2487 1 NEW YORK Dow Jones Friday 2235.24 Thursday *****9* Week ogo 2183.35 TOKYO Nikkei Average Monday *****.50 Friday107 words
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Article238 1987-02-24 14 Manogers' price* MARA-Bumiputra for Feb 24 brtt B'putro Second B'putro 604 5.3B 6 0* 5 43 Singapore Unit Trust Third B'putro 421 4 36 Tl»* Comm*rc* Th* Sovmgi Fund S port frog Fund S'por* Sac Fund S port Fund 1 (0 111 Fourth B'putro 4 81 486 on238 words
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Article, Illustration751 1987-02-24 15 wmn HOCK LOCK SIEW DRASTIC SURGERY for troubled Multi-Purpose Holdings Bhd has long been overdue. But the people running the company in the past had been more interested in furthering their political careers, courtesy of Multi-Purpose, the investment arm of the Malaysian ChineseHOCK LOCK SIEW - 751 words
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229 1987-02-24 15 Bernama THE HIGH COURT in Kuala Lumpur has dissolved an injunction stopping 17 creditor banks from winding up Promet and its subsidiaries with the consent of both parties. The injunction, obtained by Promet on Sep 12, last year, had prevented the banks from taking anyBernama - 229 words
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624 1987-02-24 15 Bernama CHEMICAL COMPANY of Malaysia Bhd (CCM) is expected to emerge stronger with a wider earnings base following a proposed 17-step restructuring programme. According to finance director G B Webster, although the minority shareholders will have a smaller share in the overall equity,Bernama - 624 words
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Article367 1987-02-24 15 Bernama WILKINSON Process Rubber Co Bhd plans to widen its product range and markets. But in the foreseeable future, the mining industry will dominate its sales, the company's chairman, Tunku Mansur Yaacob, said in his latest annual statement. He said that the concessionaires, whichBernama - 367 words
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103 1987-02-24 15 Reuter THE WORLD'S largest media group, Rupert Murdoch's News Corporation, yesterday announced a 40 per cent rise in half-year earnings following a jump in contributions from its US and British operations. Group after-tax profit rose to A 5182.84 million in the six months endedReuter - 103 words
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472 1987-02-24 15 AMY CHEOK - By AMY CHEOK SINGAPORE businessman Ong Beng Seng has invested about £50 million for more than 2 per cent of Allied Lyons PLC, one of Britain's leading food and drink conglomerates. Mr Ong, whose interests range from the oil and472 words
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450 1987-02-24 15 ELAINE KOH - By ELAINE KOH ASEAN RESOURCES, the troubled Hongkong-listed company controlled by Malaysian businessman Datuk Yap Sing Hock, is making bold plans to acquire HK$3OO-million worth of properties in Singapore and Hongkong within the next three months. "We're negotiating with a few merchant bankers now about450 words
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Article, Illustration382 1987-02-24 15 MBT TRACTORS MALAYSIA BHD is in no great hurry to invest its surplus funds. Although the company is currently in a more liquid position, the opportunity to use the surplus funds should come naturally, according to Sime Darby's group chief executive,MBT - 382 words
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Article121 1987-02-24 15 TAT LEE BANK Lid has appointed its general manager Mr Ang Tang Chor as an additional director of the board from Feb 20. AOKAM TIN Bhd says the Capital Issues Committee has approved its one-for-one bonus issue. MR WONG Teo Yoek, Mrs Ng Yoke Kian and Mr Fred121 words
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LATEST
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Article63 1987-02-24 15 Group profit after tax of $631,000 ($500,000) on turnover of $4.58 million ($4.8 million) for the six months ended Dec 31, 1986. Earnings per share came to 3.1 cents (2.5 cents). Directors are not recommending any interim dividend. They added that barring unforeseen circumstances, the group63 words
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Page 14 Advertisements
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Advertisement386 1987-02-24 14 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND IN THE MATTER OF CHALLENGER PETROLEUM (FAR EAST) PTE LTD (In Members' Voluntary NOTICE OF SPECIAL RESOLUTION (Pursuant to Section ttOtfXb) At an Extraordinary General Meeting of the company held at 24 Raffles Place #23-01, Clifford Centre, Singapore 0104386 words
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Page 15 Advertisements
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Advertisement154 1987-02-24 15 WELCOME TO FAIR EXPORT COMMODITIES OF ANHUI CHINA Sponsors. THE COMMISSION OF FOREIGN ECONOMIC RELATIONS TRADE OF ANHUI PROVINCE. IMPORT EXPORT CORR, ANHUI BRANCH. ★CHINA NATIONAL TEXTILES IMPORT EXPORT CORR ANHUI BRANCH. ★CHINA SILK CORR, ANHUI BRANCH. ★CHINA NATIONAL LIGHT INDUSTRIAL PRODUCTS IMPORT EXPORT CORR, ANHUI BRANCH. ★CHINA NATIONAL ARTS154 words
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Article, Illustration520 1987-02-24 16 BRIAN GOMEZ - Company's centre in Singapore to train Chinese employees By BRIAN GOMEZ Regional Correspondent CARRIER CORPORATION'S Sin-gapore-based regional operations have gained an influential new arm with last week's launch of two joint ventures in China. Mr John R S Kirkham, executive vice-president for Carrier520 words
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394 1987-02-24 16 THE 13-DAY-OLD SAGA involving sales restrictions on The Asian Wall Street Journal (AWSJ) has taken a new twist the newspaper is proposing "free distribution to subscribers". In a full-page advertisement in today's The Straits Times, editor and publisher Fred394 words
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231 1987-02-24 16 THE MINISTRY of Communications Information has reiterated its view that Singapore offered the international media "a more open and democratic reception" than any other Third World country. The Foreign Correspondents Association (FCA) of South-east Asia had claimed its members had greater231 words
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138 1987-02-24 16 Bernama LARGE JAPANESE manufacturers, who are usually supported by smaller-sized firms, have been told that it is now timely to relocate some of their supporting operations to Malaysia. The chairman of the Malaysian Industrial Development Authority (Mida), Datuk Ahmad Sarji Abdul Hamid. saidBernama - 138 words
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Article111 1987-02-24 16 AP BRITISH, Canadian, French and Japanese companies have submitted proposals to buy Malayan Railway for one ringgit Malaysian Deputy Transport Minister Rahmah Othman said yesterday. The government announced last October while presenting the budget that the railway was for sale for one ringgit toAP - 111 words
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Article, Illustration180 1987-02-24 16 AP ANDY WARHOL, the pale prince of pop art who turned images of soup cans and superstars into museum pieces, died of a heart attack in New York on Sunday. He was 58. One of the most influential and famous artists of his time, Warhol died atAP - 180 words
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155 1987-02-24 16 Bernama JAPAN will launch a new programma in April to promote greater Japanese investment in Malaysia and Thailand. Yujiro Shindo, the managing director of the Japan External Trade Organisation (Jetro) office in Kuala Lumpur, said yesterday that the programme would beBernama - 155 words
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499 1987-02-24 16 Reuter UPI THE AMERICAN DOLLAR was barely changed in value yesterday from last Friday as currency markets reacted with scepticism but caution to the weekend Paris accord by leading industrial nations to stabilise exchange rates. Many dealers believe that the ParisReuter; UPI - 499 words
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Article88 1987-02-24 16 Reuter COMEX GOLD FUTURES were lower in quiet early business yesterday as operators took profits on the open, analysts said. Gold for delivery in April was off US$2.2O at U*****.50 an ounce, in the middle of a U*****.00 to U*****.20 range. Traders and analysts said producer selling alsoReuter - 88 words
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Article65 1987-02-24 16 Reuter WALL STREET investors demonstratsd soms hesitancy ysstsrdsy morning ss they weighed the consequences of the weekend's international currsncy pact. Blus chips, hurt last Friday when investors unwound their options positions, recovered some ground, but the broader market was slightly lowsr. Ths Dow Jonss Industrisl Avsrsgs gsinsdReuter - 65 words
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LATE FILE
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Article44 1987-02-24 16 Bemams MALAYSIAN Foreign Minister Datuk Rait Yatim yeeterdey Mid that Amn governments hava to identify national legtslstion that hinder* greater intra A—an trade. He made the remark after meeting Aaean's Group of Fourteen (014) team in Kuala Lumpur yesterday. BernamaBemams - 44 words
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44 1987-02-24 16 Reuter GROWTH of investment in fixsd assets in China is larger than growth of groee national product or national income, or output of energy and raw materials, snd must be controlled, the New Chins News Agency reported yesterday. RouterReuter - 44 words
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Article58 1987-02-24 16 Reuter VIETNAM haa announced sweeping measures to encourage private enterprise in Hanoi. Hanoi municipal authorities said yesterday they would give tax breaks to private bueinaaaaa in their first year, allow some companies to obtain bank loana and eat their own sale prtoaa. and let exportersReuter - 58 words
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Article77 1987-02-24 16 UPI THE SOVIET UNION hat pledged full support for all Vietnameae activities in Cambodia and Laos and "the consolidation of ths alliance among ths thres Indochinsss countriss," Radio Hanoi said ysstsrdsy. It quolsd a massags by ths Soviet military attachs in Hanoi on ths 60thUPI - 77 words
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Article44 1987-02-24 16 Reuter PHILIPPINE govsrnmsnt peace negotiators ysstsrdsy sought help from senior figures in ths Catholic Church in a bid for a lasting trues with communist rsbsts. They met s delegation of bishops in Menils to discuss plsns for rsgionsl tslks. ReuterReuter - 44 words
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41 1987-02-24 16 Bernama MALAYSIAN Forsign Minister Datuk Rais Yatim ia expected to brief the Cabinet at ita weekly meeting tomorrow regarding an alleged paaaport racket reported by the British prsss to bs baaed in Malayaia. BernamaBernama - 41 words
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Page 16 Advertisements
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Advertisement65 1987-02-24 16 ISSnS! "WE'LL MEET FOR LUNCH AT THE ELIZABETHAN GRILL" Excellent choice. The Elizabethan Grill offers you an exceptional selection of traditional English specialities. Including the Original 1953 Opening Day Menu. Appreciate the elegant tudor-style decor while savouring every delicious morsel. A quiet reflection of old England which makes dining at65 words
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Advertisement8 1987-02-24 16 Malaysia's QNP may gal Ms6bn boost, Paga 48 words
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Advertisement293 1987-02-24 16 Pagi k A seminar sponsored by the Singapore Tourist Promotion Board in cooperation with SRI International, USA. 3 Date: 16-17 March 1967 Venue: Pan Pacific Hotel Singapore Registration tea: SS3OO This seminar aims to give participants a better understanding of China's cultural, political and economic climate and tne implications these293 words
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Page 16 Miscellaneous
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Miscellaneous24 1987-02-24 16 vmma m Report for 24 hours prior to 7.30pm on Fob 23 at too air- mm TCNMtM piMN C MM M«g Rainy days Ma24 words
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SHIPPING TIMES
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469 1987-02-24 17 CHARGEURS REUNIS (CR) is planning to sell its freight interests in the Far East-Europe trade to Maersk Line. Under the agreement, CR wilt withdraw its three vessels the 2,536-TEU CR Tokyo and CR Paris and 702-TEU Nausicaa from the Northern Europe,469 words
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232 1987-02-24 17 NORASIA LINE has established an office in Singapore to strengthen its market presence in this region for the transportation of forest products to the European Community. Conventional Line Norasia, headed by Mr Dick Wigersma, is coordinating and lending support to agents in the232 words
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PORT SIDES
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Article92 1987-02-24 17 Reuter AVERAGE WAITING TIMES for berths at China's main ports fell to 7.32 days last year from 10.8 in 1985, the China Daily said yesterday. More than 13,800 vessels called at Chinese ports last year. The paper quoted a port official as saying port authoritiesReuter - 92 words
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Article51 1987-02-24 17 Reuter TACOMA BOATBUILDING CO has been awarded a U5533.9 million naval contract for the repair and conversion of the USNS Hayes to an acoustic research ship, the US Defence Department said. It said work on the contract is expected to be completed on Nov 20, 1989.Reuter - 51 words
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Article113 1987-02-24 17 AP A CONTAINER SHIP sailing from Seattle to South Korea with 21 crewmen aboard apparently has sunk off the eastern coast of the Soviet Union, US Coast Guard officials say. Coast guard Lt Mark Yost said last week that the Korean vessel Hanjin Incheon apparently capsized andAP - 113 words
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Article98 1987-02-24 17 AFP JAPANESE FOREIGN MINISTER Tadashi Kuranari yesterday told visiting Iraqi Deputy Foreign Minister Wissam Al-Zahawi that Japan would do its utmost to help end the Iranian-Iraqi war, Foreign Ministry officials said in Tokyo. Mr Kuranari also called on Iraq to end attacks against JapaneseAFP - 98 words
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280 1987-02-24 18 France unable to find buyers for three Normed shipyards FT THE FRENCH GOVERNMENT has failed to find credible purchasers for any of the three shipyards belonging to the Normed group which filed for bankruptcy last year. Normed went under in July after absorbing the bulk of the billion in aidFT - 280 words
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715 1987-02-24 18 Reuter US NAVY SECRETARY John Lehman's move to trade the bridge for the business world has spotlighted a question that will preoccupy superpower global strategists for years: Can President Reagan's 600ship navy with its 15 aircraft carrier battle groups avoid budgetaryReuter - 715 words
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359 1987-02-24 18 A FORMER SHIPYARD in the Port of Baltimore will be converted into a marine terminal. This follows the acquisition of Maryland Shipbuilding and Drydock from Fruehauf. The Maryland Port Authority expects to pay about US$B million for land acquisition and demolition at the359 words
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Article707 1987-02-24 18 AB Shpg V 5 Accord Shpg VI 3 Africo Ocean IX 4 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 4/5707 words
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Article1451 1987-02-24 18 INCREASED chartering was reported in most sectors of the freight market on Friday but grain fixing was very subdued with no fresh business seen on the US Gulf to Japan/Continent routes, ship brokers said. Coal shippers paid U556.95 for 150,000 long tons from Hampton Roads and Richards Bay1,451 words
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Article178 1987-02-24 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 Line178 words
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152 1987-02-24 19 Reuter RACAL ELECTRONICS PLC said it was creating two new companies as part of a reorganisation of the Racal Marine group. The new firms Racal Marine Electronics Ltd and Racal Marine Systems Ltd were part of a reorganisation undertaken against a background of difficulties in theReuter - 152 words
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538 1987-02-24 19 IN AN EFFORT to ease congestion at Klong Toey, the Thai Communications Ministry is studying plans to issue a ministerial order requiring all vessels calling at the port to come under "a regulated port call system". Under the scheme the ministry will work538 words
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145 1987-02-24 19 Seatrade Week REVISED and tougher regulations on freight filing have been announced by the Korea Maritime Ports Administration in an effort to stamp out malpractices in the country's liner trades. The revised penalties, including business suspension, shipping licence withdrawal and higher fines for wrongfulSeatrade Week - 145 words
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330 1987-02-24 19 Lloyd's List JAPAN'S beleaguered coastal shipping companies plan to put 48 of their vessels under the control of a joint company. Vessels from the 38 companies are already partly owned by the Ship Equipment Public Corporation which is keen to seeLloyd's List - 330 words
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198 1987-02-24 19 Reuter THE DANISH PARLIAMENT last week debated an opposition bill, condemned by shipowners as "catastrophic", that would ban Denmark's merchant fleet from carrying arms to countries at war and areas of world conflict. The controversial legislation, tabled by the opposition Social Democrats, hasReuter - 198 words
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Article276 1987-02-24 19 AFP THE PROBLEM of surplus tonnage in many loading zones continued to dampen tanker owners' hopes of an early improvement in rates on the charter market during the past week. The problem is particularly acute in the Gulf states area, where units totalling some six million dwt areAFP - 276 words
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226 1987-02-24 19 COPENHAGEN-BASED Scan Dutch will charter four 1,500-TEU South Korean container ships for its upgraded Red Sea/ Mediterranean service. The vessels to be chartered in from next month by consortium member East Asiatic Co are the Modern Trader,226 words
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7353 1987-02-24 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.7,353 words
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Article1640 1987-02-24 25 Who acts for whom The leading shipping lines operating from local ports and their agents A—B A Top Enterprieee PM LM Sam. (8). AS Shipping Bo jaWad Shpg ANmUm African Shpg Agencies (S) Ahrenkiei Liner Kim Shpg (S) Alfrad C Tuoptai Oceenue Shipping Agendas (8) Mufflport Sdn Bhd (PK) Amertcen1,640 words
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Article531 1987-02-24 26 AT CONVENTIONAL WHARVES M B«m i Arrival Departure KEPPEL WHARVES Ah Harmony K35 alongside 24.02/0600 Inobufcwa K21 alongside 24.02/0600 Iver Sovereign IC29 alongside 24.02/2300 Koto Moju K31 alongside 24.02/0600 Shoun Polestar K17 olongside 24.00/1000 Straits Pride K24E alongside 25.02/2300 Builder 3 K23 24.02/1930 26.02/0700 Equator K22 24.02/0700531 words
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Article1061 1987-02-24 26 CONTAINER TERMINAL RECEIVtNQ OF EXPORT FCL CONTAINERS AND LCL CARGO Qdnt FCL Arrival LCL movamant JWp Voy data/tlma Operator cargo •dtadula Locatk Calje 516E 2402.87 1700 Harpers F5A 0800-0900 G4 Ms Rondo 8709 24.02.87 1800 Moersk F2 0830-0900/0800-0830 A2/B2 E Gifted 009RW 24.0287 1900 Green Asia F5A 1010-1100/1000-10301,061 words
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Page 17 Advertisements
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Advertisement740 1987-02-24 17 SHE HAD POWER. SHE NEEDED LOVE. SHE WANTED REVENGE. Emma Harle is A WOMAN OP SUBSTANCE 'Hut what is (he price she has paid? I Available at all good bookshops WHK MfR MEKB ON Ik. 242M4/ OH) Mil// 200 Cantonment *Md #1205 Sonttipont. QTtt TH niH|l reia w ?4m TERMMAI740 words
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Advertisement74 1987-02-24 17 mm CAN PRESIDENT REAGAN's 600-ship navy with its 15 aircraft carrier battle groups avoid budgetary icebergs and steam intact into the 21st century? Pege il THE THAI COMMUNICATIONS MINISTRY is studying plans to issue a ministerial order requiring all vessels calling at the port to come under "a regulated port74 words
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Advertisement891 1987-02-24 17 PiT I OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL. *****33 MAERSK LINE Shipping to USA-CANADA? You can still avail your shipments to the pre-general rate increase rates iLX, 0 deliver your shipment to Maersk891 words
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Page 18 Advertisements
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Advertisement338 1987-02-24 18 .£3 COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SEfIVICE FAR EAST TO MEDITERRANEAN AND EUROPE T BOUND TO MEDITERRANEAN muioe jurnw OUTBOUND TO ARABIAN GULf AND INDIAN SUB CONTINENT rw m rn rr "l«/'J'-'fir JW 2*2 *3 VJ an tw 1 INCOUND FROM N CONTINENT MEDITERRANEAN'ARABIAN GULF Til FELIXSTOWE 3*l 2*2338 words
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Advertisement301 1987-02-24 18 EUROPE/FAR EAST CONVENTIONAL BPtVICI VBL PT. of LOG. DATES PT. I STA ELBE lnlßl Nasfcsj Astoirp bM PI MOOS M—Mw Wwrp CaNM bW MK DOR ICO Fm far Mr-Amato 13-20 SKIPPER N Labaak-Sacaads-M*-** W TM Dwnfcjrt-I)iiilliii Mtmmf It- 3/3 Fui tf w toad/ discharging po>li to route mfajict lo nifßcitnt301 words
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Page 19 Advertisements
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Advertisement685 1987-02-24 19 r The Straits Steamship Group Mansfield Container Shipping Re Ltd NTANO LAMS MY mm mp ap ap on ap mp on ap ap on vz mp mp np mp i»p up »a v w mt* 1M 12/1 |U 1U 111 |U| W W up 179 as MS n* Ufi w685 words
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Advertisement667 1987-02-24 19 Franco Belqian Services A *7 IV MFMBER OF ACE CONSORHUM KVEHKASM ACt fftflfflflP SMfflui uMr umm i<mm nmm afer mmm uonmtiimni 27 jm ajm im iu $f* af* mNrt Mferfhr) 8b BMrB Mr Ikr BMrII Mr OJMOTTAI CMICF tU 7F*IMMM 12 M Sb) Iftr 11 Mr S Mr) BMrn Mr667 words
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Page 20 Advertisements
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Advertisement244 1987-02-24 20 ir^ ILLs Hapag-Uoyd GNT A IN ERSHIP SERVICE TO UK CONTINENT CONV SEMI CONTAINER SERVICE TO EUROPE :ONV SEMI CONTAINER SERVICE TO MED EUROPE SfOK PK PEN TRIESTE LEXNES BILBAO H'BURC ('HAVEN {XURINQA 3/3 4/3 27/3 I*4 *4 •enny skou 2*3 a/3 an um ap ap *p up CONTAINERSHIP SERVICE244 words
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Advertisement604 1987-02-24 20 JC.S.LINE 7Zm* c*»r*uT,~ FULLY CONTAINERISED SERVICE TO FUR OPE VIA SUEZ 1 A of thf Atr Consortium LaMavra Riant F»tow« H'kurf Antwerp 16 3 17/3 1113 21/3 24 3 23/3 24/3 25/3 21/3 31/3 30/3 31/3 1/4 4/4 7/4 M 7/4 1/4 11/4 14/4 S port P Kalanf 25/2 (23/2)604 words
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Advertisement266 1987-02-24 20 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: I I T|. Mmm I SPORE IFT KELANcI LOADING FOR "■V AZALEA Sailed ITC-002 MM In tart Sate/Nantat Rott/Antw/ UK(Nowpart) fATROUZ 2 ITC-008 11/3 Sato RcttJAnte/ UK (Nao»art) SINGAPORE CALICO SHIFTING PTE LTD Tal: mm Tlx: RS SOU CAUCO FAX:266 words
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Advertisement1046 1987-02-24 20 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) EVER GIFTED EVER GENTLE EVER GENIUS EVER GARDEN EVER GUARD EVER GOING EVER GROWTH SO* H* FU ROM AMI LMV NYC NFK CHS KSN TYO In PI 11/3 m If! »1 VI3 up V* V* 90 Ufi 23ft1,046 words
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Page 21 Advertisements
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Advertisement411 1987-02-24 21 13^ PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE i ulnV' as KOTA BAHAMA HH MA QLORY 87W ma fonruMi urn MAJAPAMT DM BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE rrH RED SEA/EAST AND WEST AFRICA SERVICE KARACHI/M.E.411 words
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Advertisement176 1987-02-24 21 THONG SOON "09-00, Robina House, S pore 0106 Tel: *****88. Telex: RS ***** BOOKING: *****88 (DIRECT LINE) SINGAPORE TO PENANG SINGAPORE TO SARAWAK EQUATOR 111 6*7 EQUATOR 111 7*7 5*7 SINGAPORE TO SABAH PORT BUILDER 111 4/S7 BUILDER 111 5*7 EQUATOR IV 6/17 123 Fab 125 Feb EQUATOR IV 7/17176 words
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Advertisement466 1987-02-24 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTI T jjn EXPRESS CONTAINER SERVICE FROM UK/CONTINENT m. tk mw. nn U. M TK XV S3 h (KJJEBSEN LINE ■k NFW ZEALAND I:vi n —r fUMMnnwßituw SIN MM NOMKA m m MAM TU/LT TU/W BLUFF tap a* a* a* TMfflrrriTHf SM NM466 words
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Advertisement400 1987-02-24 21 SPORE BILBAO BREMEN A'OAM/R'DAM H'BURG M .27/2 an mp u-u/i li u/t van m w 17/4 an u-2ap tyi m mm m-v* Ik fc 11-13/4 a/5 13/S IC/5 lis ALSO ACCEPTING BOTH CONTAINERS, CONVENTIONAL CARGO VIA T/S TO UK PORTLHULL, L£ HAVRE, OSLO. COPENNAGEN. AARHUS. GOTHENBURG ANO [■-rJ DJAKARTA LLOYD400 words
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Advertisement275 1987-02-24 21 SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loading for Rangoon LMKAW Vlll PA-AM VM7W PAGAN VIIW HTONCYWA V222V SA6AINC mm 22/21 Fak IMfer 10*r 1/12 Mar BANK LINE FORTHBANK VIM TAMAITAI SAMOA VAN SPORE ROAM HULL HMBG Jg 20/3 13/4 23/4 TOANA NIUGINI V3S Spare 7/3 ANJOU V2S Spore275 words
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Page 22 Advertisements
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Advertisement1036 1987-02-24 22 KAWASAKI KISEN KAISHA, LTD.— I VSI MOTHER VS. STORE PKLC PNG SPORE KOK GUAYAQUIL CALLAO ARICA IQUIQUE AFAGASTA S.ANTONIO VALPARAISO 8U IF* IU lki Ih )ln 15 Apr 1* Apr famiogeva tmw comuu. MHU/6MMM Finn VSI MOTHER VSI FA MIDGE VM A VSI PWG PNG SPORE KOK RriANIILO ACAPULCO PT.1,036 words
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Advertisement443 1987-02-24 22 s iUSTRALIA EXPRESSCONTAINER SERVICE INDIA EXPRESS CONTAINER SERVICE <mni« rcufct. cmmmo Vmh P.Mmi Pwwi UMk«( fcr. M VJI arT fcMai/MaMM/rilrmtojCC. LAIAR VJI VJM LA praocsn vjm I. NAGALAND VJW MFa» IF* n ÜBAR VJI VJW 1 Apr amm 1 Air USA ATLANTIC/EAST CANADA SERVICE AeeipMiia PCUECL r N. Tart. SMMMh,443 words
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Advertisement558 1987-02-24 22 GOLDEN LINE GUM) GUAN SHPPWG (Pit) LTD 23. T*t trr SirMt V* '«4 saum HO4 m ******1 ao in) STRAITS/PERSIAN GULF SERVICE: Spor. p fw, GOLDEN VOMOCR Catanbo/Karachi/Oiibei/Balirain 3/4 N* GOLDEN BEAR Coiombo/Karactii/Dubw/Oata 21/30 Mar CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA P.KLANG PENANG DESTINATION TAOJIANG 21/2558 words
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Advertisement332 1987-02-24 22 I BREAKBULK SERVICE TO EUROPE/UK I AflMtt: Stoppan INTRASEA (PTE) LTD BOOKING 2MBI K LiMpur MKTAUG SNIPPING CO. SON. MO 7MCV Nrmc BINTAM SKIPPING CO. SO* BNO. CUUL P.Klmi BINTANG SNIPPING 00. SON. BNO. 53 1 PHIL IJ RON SHIPPING AGENCILs PU HO I PHIII ORIFNI I IMS PIF I332 words
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Page 23 Advertisements
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Advertisement674 1987-02-24 23 NEPTUNE ORIENT LINES LTD J(w NEPTUNE AGENCIES PTE. LTD. Ft tU/AUST TPA/SCA Td No OffiM TtriMMl CFS BOOKINGS IW »M7S 279D4J mm nan miw VtSJV OR OMKCT LMES D99U9 Vm» 27MUI NEPLINE SON. BHD. «V NEPIINE SON. BHD. IB4MJ NEPLINE SON. BHD. OMB/«27MNB7WjK7M2 NEPLINE SON. BHD. IMWnmi TO EUROPE/UK (VIA674 words
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Advertisement332 1987-02-24 23 HEUNG-A SHIPPING Korean Flag Vessels a SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG PENANG. BUSAN. INCHON 1 k S Donan/TBZN > Donam/TON 7 DwimvTO* i Danam/7Q?N i 1 Daoaai/TMN i Donam/703N p KaAtflH Bysaa uS 1W 22/3 1 I ejji. Pfwtc M 2SJJ7 Iran MM-UN In. < .INI NIP I INI332 words
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Advertisement596 1987-02-24 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 ***** f KUANS PENANG INS SHARIKAT NAN SOON SON. IMO. IST ANO 2IW FLOOR, NESSRS NAI TNONC SNIPPING596 words
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Advertisement72 1987-02-24 23 Vf/ ;/.v//f/v LlISi owe one n Honfkonf Smppere P.Klanf Parang HERCULES VJA o*. H* OSO HARU NO. IVJM MM SaiM ORIENTAL RUNNER V.MA 2«/2 W fiananl aurvay far MV. Karaite* VIA anil be heM en the 2nd March 17 at Ml KJI fram MN-12H lire. Thara will ha no further72 words
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Page 24 Advertisements
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Advertisement304 1987-02-24 24 fffff REGIONAL CONTAINER LINES TO BANGKOK (4 SAILINGS A WEEK) VESSEL TO P.KELANG PENANG (2 SAILINGS A WEEK) CCS I 'I BBj TO SOUTH THAILAND V V f VESSEL PITA MMM BENGAL BAY CONTAINER FEEDER TO CHITTAGONG PORT KFIANG FARYS MARITIME Til <t, P. NANG DASWANI SDN BHD 111 H304 words
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Page 24 Miscellaneous
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Miscellaneous176 1987-02-24 24 n Regional Weather w /a S; Vs. >1 *4 LLlSfe SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature o c A Weather W»nd direction with speed in knots Ram Wave he ghf e Cloudy Sky Surface winds are indicated by orrows which fly with176 words
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Page 25 Advertisements
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Advertisement196 1987-02-24 25 Will WEEKLY FAR EAST/EUROPE CONTAINER SERVICE CALL U8 AT: K. LUMPUR P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 242MN/*****56/2424MV*****93 *****53 M-C*****/4, *****3 Q7-22H61, *****1, *****5 07 *****1, *****3, *****5, *****U •2-*****22 'ii :-i in' TV TO EUROPE EE If TT] BASLE, Mam, STOCKHOLM. UK. '.TT ■I'''l i lull LOADING196 words
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Advertisement463 1987-02-24 25 \UL Hai Sun Hup Co (Pte) Ltd 1 Tf I ;>?oJ9of> l?n l inpsl Tl X R c K MS U, fc. I \S lIK\ \K II I K 111 STRAITS/JAPAN/STRAITS SERVICE 1 SPECIAUST IN RO-RO HEAVY LIFTS Loading at appropriated Barth P4-P5 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG.463 words
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Page 26 Advertisements
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Advertisement131 1987-02-24 26 SHIPPING COMPANY I PTE I LTD/ •M REGULAR EXPRESS FULL CONTAINER AND LCL SERVICE ETA SINGAPORE RAT AM A MUM UIN MJNGA BUT AUG HI I I: I II "■< c 27/2, 2/3, 5/3, 11/3 27/2, 173, 5/3, 1/3, 12/3 27/2,1/3, 13/3, 2*3, 27/3 25/2, 2/3, *3, 15/3 27/2, 5/3,131 words
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Advertisement563 1987-02-24 26 SANJNQS EVERY TUESDAY r~7 7"*T r: l>«r < ">». iVi 'A bu EUROPE FAR EAST CHINA M sib agent MBf'lime Transport M g a San B^d S pore agent Trß n nt'B Shipp ng Pie i r ."I s -k Fit LIU 20-09, Tang Eng lldg, 101 CmM St. Fpor*563 words
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Advertisement111 1987-02-24 26 K INTEROCE AN LINE TIL: 71(9794,*****94 TLX NO. MA 37M8 ACCEPTING CARGOES FOR THE FOLLOWING POR T S LCL/FCL rrrrrrr LOADING FOR SYD. MELB. AOE, BRIS, FREM. LE HVE. HBG, BREMEN. R OAM. GENOA. ANTWERP. UK PORTS 9 SCANDINAVIA WEST ft EAST COAST. GULF ft INLAND PORTS VANCOUVER. TORONTO ft111 words
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