The Business Times, 17 March 1987
1987-03-17
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The Business Times
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Title Section12 1987-03-17 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, MARCH 17, 1987 75 CENTS12 words
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Article, Illustration184 1987-03-17 1 Exchange rate* THE SINGAPORE DOLLAR closed higher at $2.1435/45 ($2.1475/85) against the US dollar in the forex market yesterday. It traded within a range of $2.1435 and $2.1455. The local unit also went up to $3.3792/3829 ($3.4048/85) against but fell against M$, yen and DM. US$1 152.30/40184 words
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Article, Illustration479 1987-03-17 1 LEE HAN SHIH - Payment to be $29m cash and $7m First Capital Corp shares By LEE HAN SHIH, Property Correspondent MR ALLAN NG POH MENG will buy Robinson Centre from the Kuok group for about $36 million, a move that could pave the way479 words
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Article, Illustration449 1987-03-17 1 LOH HUI YIN - By LOH HUI YIN A SIMPLE FARE STRUCTURE integrating travel on buses and the Mass Rapid Transit system is being worked out. Communications and Information Minister Dr Yeo Ning Hong told Parliament yesterday. This structure, linked to the distance travelled449 words
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122 1987-03-17 1 Reuter ON THE EVE OF a British Budget that is expected to slash in-come-tax, a group of former top government economic advisers called, instead, for more public spending to create jobs. As Chancellor of the Exchequer Nigel Lawson was putting the final touches toReuter - 122 words
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Article, Illustration301 1987-03-17 1 THE SINGAPORE stockmarket eased in the face of more profittaking, prompted by heavy scrip delivery and the absence of institutional buying. In fact, there were reports that some institutions were also among the profit-takers. Many brokers believe that the market has entered into301 words
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524 1987-03-17 1 ALVIN TAY - By ALVIN TAY, Banking Correspondent BANK OF AMERICA has shortlisted the number of prospective buyers for its profitable Visa card operations in Singapore to only three Chase Manhattan Bank, Citibank and DBS Bank. It has also narrowed down the bidders for524 words
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Page 1 Advertisements
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Advertisement105 1987-03-17 1 Mikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Sony First to Bring you the Portable Office Save Time: Record Your Thoughts Immediately •Wherever You Are Whenever ideas come into your mind Dictate them to Sony's MicroCassette Dictator. The electronic index function lets you cue record signals in dictation for accurate, efficient transcribing.105 words
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Advertisement287 1987-03-17 1 MM lINIPJft'RLWME'NiH Doing business with THERE ARE MANY opportunities for increasing business cooperation between Singapore and Turkey, a delegation of Singapore businessmen noted recently when it flew into Istanbul one freezing March day. However, while the possibilities appear limitless, there are also a number of problems. See Page 8 SHARE287 words
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Advertisement8 1987-03-17 1 Full report, Pag* 13 Asian slocks, Rags 118 words
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Advertisement42 1987-03-17 1 Ikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Shipping Time# comes as a separate section today. Make sure you get your copy. BOUTIQUE mu/f de Cartier ft>r« #01-36, Lucky Plaza. 304 Orchard Road Tel: *****27. #01-04, Hilton International Singapore. 581 Orchard Road. Tel: *****9542 words
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HOME NEWS
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444 1987-03-17 2 CHUANG PECK MING - Employers say levy will add to wage costs By CHUANG PECK MING EMPLOYERS IN THE electrical and electronics sector, unhappy about the extension of the foreign workers' levy scheme, have voiced their feelings to the government. A delegation of employers, led by the444 words
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208 1987-03-17 2 PRESIDENT WEE Kim Wee and his wife will be the guests-of-honour at the 150 th anniversary dinner ot the Singapore International Chamber of Commerce (SICC) at the Marina Mandarin on Mar 27. Also on the guest list are Finance Minister Dr Richard208 words
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121 1987-03-17 2 THE SINGAPORE Society of Accountants is looking into consultancy opportunities in India and Pakistan. A study team led by SSA president Keith Tay recently returned from a 12-day tour of the two countries. There are opportunities for SSA members to advise on financial management, business121 words
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226 1987-03-17 2 THE ONLY Singapore company making supercomputers, Tata Elxsi Re Ltd, has announced the sale of an Elxsi 6400 Parallel Supercomputer to the Korea Advanced Institute of Sciences and Technology (KAIST). The Elxsi computer, worth over US$l million, will replace an IBM 3031 and will be226 words
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390 1987-03-17 2 TONG SUIT CHEE - By TONG SUIT CHEE JOINT TOURIST PROMOTION with China is progressing well and some of the confirmed projects include a joint promotional filmlet and a major exhibition of Chinese historical treasures to be held here, Finance Minister Dr Richard Hu revealed yesterday.390 words
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341 1987-03-17 2 FLIGHTS to Christmas Island have been given the green light, while talks have begun on an air service agreement between Singapore and the United Arab Emirates. The Civil Aviation Authority of Singapore (CAAS) has recently given the go-ahead for a charter airline from341 words
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440 1987-03-17 2 CLAIMS by an American commentator that the Singapore government wanted a respectful and submissive press have been refuted by Mr Tommy Koh, Singapore's ambassador to the US. In a letter to The New York Times refuting the claims in the column "A Respectful440 words
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Page 2 Advertisements
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Advertisement96 1987-03-17 2 SOME INNOVATIONS TO LOOK FOR IN TODAY'S TYPEWRITERS •Sr '< > 4 7;?> -v W£ m In r .7' jr. •v.V s> m i i >"*. k>i. ■;a S: JJU, j*. Advanced features at remarkable prices rom $1000 If by chance, you can't find electronic typewriters with these innovations, please96 words
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Advertisement192 1987-03-17 2 Bigger Better n: I -Jk vi. >« i RtA 4E i»« a^j.. VJP H r 9 £p > 1 1 xi omMomgss§M > 4 c *JTT JM *1? *1 i v-; s ■mWMre?** tm^Mrn i i S&f MPf* a§i > V: i > SB [3 ibSt cJrzfl fe iyp ii192 words
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341 1987-03-17 3 MALAYSIAN WORKERS who wished to increase their take-home pay could be allowed to opt out of contributing to the Central Provident Fund and have their present employers pay a levy instead. Then, they would not341 words
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339 1987-03-17 3 HELP is on the way for those women who had ligated and wished to untie the knot in the light of the government s new population policy, disclosed Acting Health Minister Yeo Cheow Tong. They must be below 35 years old and have339 words
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214 1987-03-17 3 SINGAPORE'S tax structure is archaic and fit for the dinosaur, said backbencher Heng Chiang Meng (Jalan Kayu). Calling for a major overhaul of the tax system to produce one "more suited to the modern and future Singapore", Mr Heng said tax was more214 words
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571 1987-03-17 3 CENTRAL PROVIDENT Fund savings can be used to buy shares in Singapore MRT Limited, the company which will operate the Mass Rapid Transit system. The Communications and Information Minister, Dr Yeo Ning Hong, said that the release of CPF571 words
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Article, Illustration586 1987-03-17 3 THE MINISTRY of Finance has decided against according a special tax incentive a concessionary rate of 10 per cent to third-country trading as recommended by the Economic Committee. The Finance Minister, Or Richard Hu. told Parliament yesterday that after586 words
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160 1987-03-17 3 THE HOUSING Development Board is moving in where pigs have moved out. Of the 22 hectares of land left behind by former Punggol pig farms, nine hectares were taken over by the HDB. The rest of the land will be used160 words
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Page 3 Advertisements
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Advertisement64 1987-03-17 3 *£jPf First, a question. Can you touch, or even see, your toes? No, it's not a trick question for crying out No? Fantastic! Well done! sue! wen done! -1 V *'■i y A 11. tr a erfect shape to tacWe our flight to Europe. ipping, terrilying-to-lesser-men, Mount-Everest-on-wmSk -v.■t' i-tJ f64 words
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ASIA-PACIFIC
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369 1987-03-17 4 UPI THE CHINESE government has warned factory-level communist party officials against using the current anti-capitalism campaign to obstruct economic reforms, the weekly Beijing Review magazine said yesterday. The official magazine said Chinese enterprises are currently conducting "political education" as part of a nationwide fight againstUPI - 369 words
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79 1987-03-17 4 Aussie exporters what they lack UPI MOST POTENTIAL Australian exporters are convinced their products could be competitive overseas but do not have the marketing expertise to sell abroad, a survey indicated yesterday. An Australian Trade Commission report on 950 potential exporters indicated 90 per cent admitted they had poor toUPI - 79 words
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264 1987-03-17 4 AP THE TAIWANESE government is considering allowing individuals to invest in foreign stock markets to help reduce Taiwan's huge foreign reserve holdings and ease upward pressure on the Taiwanese dollar. Vice-Economic Minister Hsu Kuo-An told reporters on Sunday that the Economic Ministry andAP - 264 words
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409 1987-03-17 4 Reuter SAUDI ARABIA'S Commerce Minister said on Sunday that he was more optimistic about the outlook for the kingdom's economy following the stabilisation of world oil prices. Speaking on the first day of a Saudi businessmen's conference, Suleiman Abdul Aziz Al-Salim said there wereReuter - 409 words
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471 1987-03-17 4 PETER JANSSEN - By PETER JANSSEN THE THAI Cabinet has approved in principle a draft amendment to the country's outdated Trademark Act that will provide broader protection for trademark proprietors and hopefully encourage more foreign investment in the country. An informed source, who participated in the471 words
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241 1987-03-17 4 UPI PATIENTS who keep smoking despite severe smok-ing-related illnesses may be denied access to hospitals. an Australian surgeon warned yesterday. "It's not being inhuman," said Dr Peter Gianoutsos. senior thoracic physician with the Royal Prince Alfred Hospital in Sydney "If patients continue toUPI - 241 words
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Article918 1987-03-17 4 ARRIVALS Operator Sorvk* Local From number timo UA UA805 0100 SFO/HKG CAl CI341 0155 TPS CAL 0337 0215 TPE FT FT75 0316 IAH/OtO/ANC/ NtT/MNL/TPE sv SV398 0710 JED/RUH SiA SQ491 0810 8WN MAS MH681 0820 KUL MAS MH811 0910 PEN MAS MH671 0920 KUL SU SQ103 0950918 words
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Page 4 Advertisements
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Advertisement294 1987-03-17 4 Tio meet the growing energy demands for the The subjects they will cover are both highly topical 21st century, countries in Asia Pacific are looking and relevant to Asia Pacific. for greater efficiencies in power generation, addition, the concurrent workshop organised transmission and distribution. by the United Nations Economic and294 words
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Advertisement106 1987-03-17 4 I m I I I The business person's choice, every I I II I I 11 II I Tuesday. Saturday and Sunday. I M VI I VI m\ Leaving Changi Airport at 22:05 y-L v>/j_ hours and arriving Heathrow at 06:45 hours the following morning. Call your Travel Agent or106 words
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Page 4 Miscellaneous
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Miscellaneous40 1987-03-17 4 Doonesbury 1 60WKMES- DO YOU SA6B0NMY AM? &VBDGSemCS.HJHfiT COUNTS CAN I DO YOU I ONQUANPOR* —v 777X DOC? m 0 U m BY GARRY TRUDEAU BOY/YOU GUYS ARB ARNICA CAUTIOUS! MACHINE. r-» o m m t v m ill kW40 words
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REST OF THE WORLD
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430 1987-03-17 5 UPI THE US Census Bureau's latest examination of population growth in the US confirms that America is finding its newest citizens more and more often at the immigration office instead of the maternity ward. An estimated 625,000 immigrants moved to the US in 1986. accountingUPI - 430 words
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412 1987-03-17 5 Reuter THE EDITOR of the Soviet communist party daily Pravda has said that in spite of increasing openness in the country's media, "restricted zones" remained for journalists. Viktor Afanasyev, speaking at the opening of the Soviet Journalists' Congress in Moscow last Sunday, singled outReuter - 412 words
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Article, Illustration229 1987-03-17 5 AP CONSERVATIVE premier Jacques Chirac of France said last Sunday that his year in office has shown that governing with a socialist president is "not ideal" but is "possible". Addressing a meeting of officials from his neo-Gaulist rally for the Republic Party marking one year inAP - 229 words
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386 1987-03-17 5 NYT WITH A US$lOO contribution, a group of impoverished women opened a bakery on the outskirts of Nairobi. Kenya. Another US$lOO helped five young women in Nepal turn out cloth dolls for sale to tourists. And a similar donation put unemployed workersNYT - 386 words
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278 1987-03-17 5 UPI A SHORTAGE of Soviet software is driving the nation's computer buffs to copy ideologically suspect foreign games and deal in black-market programming. According to the Komsomolskaya Pravda Daily, "Buying a computer is just the half of it," Reviewing the Soviet personal computer scene,UPI - 278 words
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Article, Illustration366 1987-03-17 5 IMF urges help for poor countries AP THE INDUSTRIALISED countries must keep their interest rates down and their markets open to imports if poor countries are to reduce their debts, the new head of the International Monetary Fund says. "We cannot have twoAP - 366 words
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310 1987-03-17 5 AFP JAPAN has replaced the US as the world's second largest holder of non-gold reserves behind West Germany, according to statistics released by the International Monetary Fund. The redistribution was primarily the result of Japan's favourable balance of trade inAFP - 310 words
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233 1987-03-17 5 Reuter CUBAN LEADER Fidel Castro was quoted last Sunday as hailing Brazil's suspension of interest payments on its commercial debt. "The suspension of interest payments by Brazil is a historic event," he told the Brazilian magazine Veja. "It was an energetic and courageousReuter - 233 words
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Page 5 Advertisements
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Advertisement55 1987-03-17 5 EXCELLENTLY SITUATED AT THE JUNCTION OF KEPPEL RD ANSON RD, IBM TOWERS IS JUST 3 MINUTES FROM MAXWELL MRT, AND WE HAVE OFFICE SPACE FOR IMMEDIATE LEASE. WITH AROUND 10-15,000 SQ FT PER FLOOR AND GENEROUS CAR PARKING, SMALL WONDER IBM HAS ALREADY TAKEN EIGHT FLOORS. For leasing details call55 words
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Advertisement135 1987-03-17 5 Where else puts you in the heart of Malaysia's capital V at such affordable prices Where else offers such a haven of relaxation and brings you the luxury of the city's largest hotel rooms Where else but the Shangri-La Kuala Lumpur. Recently voted one of the best hotels in the135 words
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BANKING AND FINANCE
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418 1987-03-17 6 MBT THE MALAYSIAN banking sector is heading for a strong recovery as several recent developments are favourable to the industry, according to Tan Sri Basir Ismail, the chairman of the Association of Banks in Malaysia (AMB). He told Malaysian Business Times that heMBT - 418 words
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Article152 1987-03-17 6 AFP VISA INTERNATIONAL has retaliated against plans by American Express to introduce a new, low-interest charge card, the Washington Post said last Saturday. Visa has sent letters to 5,500 banks that issue its cards, suggesting that they "rethink" whether they should continue carrying American ExpressAFP - 152 words
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310 1987-03-17 6 UPI THE MONEY SUPPLY MEASURE known as M 2 fell US$l.6 billion in February, the first decline in this gauge of the United States liquid money since 1980. The basic money measure M 1 was down US$6OO million in recent weeks. DavidUPI - 310 words
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Article885 1987-03-17 6 SINGAPORE: The US dollar closed lower against most major currencies after a day of thin trading yesterday. Dealers said the dollar opened easier on light selling interest in line with its weakness in New York last Friday but thereafter fluctuated narrowly throughout the day. Dealers said the dollar's885 words
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Article212 1987-03-17 6 Interbank rates at 3pm yesterday: Local dollars to on* unit of 1 i etienge US dollor 2.1435 2.1445 2.8196 -23.98 Sterling pound 3.3792 3.3829 7.3469 -54.01 Australian dollar 1.4586 1.4614 3.4286 -57.46 NZ dollar 1.2046 1.2073 3.4286 -64.87 Canadian dollar 1.6244 1.6264 3.4206 -52.51 Local dollars to 100212 words
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Article173 1987-03-17 6 Interbank market rates (offer/bid) on March 16 us$ DM SWFC Y«n 7 doyt 1 MNh 3 m* 6 12 m* J/1* 3/1* 9/1* 7/1* 1/J 3/0 1/2 3/i 9/1* 7/1* 10 7/0 5/0 10 3/1* 1/1* 97/1-9 3/4 9 3/4 9 i/t 9 11/1* 9/1* 4 1/0173 words
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Article328 1987-03-17 6 HONGKONG: The metal closed steady in fairly quiet and dull trading in the absence of fresh factors yesterday. The weakness of the US dollar towards the close triggered some buying interest by local physical traders. But sentiment remained neutral as a result of general disappointment over the market's328 words
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Article328 1987-03-17 6 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels in quiet afternoon trading yesterday. Dealers said activity was slow in the afternoon as most operators were sidelined in the absence of fresh factors. The market is now awaiting this week s batch of American economic data. including February328 words
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Article, Illustration124 1987-03-17 6 THE OVERNIGHT rate on the Singapore interbank ma*ket closed one point higher at 3 per cent yesterday. The term rates remained unchanged across the board. iDglCiiVv ulf IVtriyC Of W9 prim* lending rates of 12 mafor hmlri in Singapore S$ Interbank rates at 7pm yesterday: OH«r IM Ovar-124 words
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Article632 1987-03-17 6 JUNE Eurodollar opened six ticks higher at 93.58 yesterday following weak-er-than-expected economic and inflation outlook in the US. However, prices initially eased off to the low of 93.56 but trading activity remained mainly thin and quiet for the greater part of the day. Continued lack of trading interest during632 words
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Page 6 Advertisements
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Advertisement223 1987-03-17 6 s IBM Towers. 38 storeys of glistening modern architecture rising spectacularly above a strategic harbour front location. In the immediate vicinity of the new-generation Treasury and MAS Buildings, finance and commercial houses, major banks, even two world-class hotels. All in an area rapidly developing into an important financial and commercial223 words
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WORLD BACKGROUND
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Article, Illustration727 1987-03-17 7 AP THE TINY SOUTH PACIFIC nation of Nauru, one of the world's smallest and richest countries, is seeking US$2 billion to landscape the moonscape left by 81 years of phosphate mining. Nauru, 4,000 km north of Sydney, blames fiveAP - 727 words
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722 1987-03-17 7 Reuter SAND DUNES are turning green as a spectacular golf course takes shape in the desert to plant Dubai on the international sporting map. A barbed wire perimeter fence keeps stray camels away from the mul-ti-million-dollar project, theReuter - 722 words
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Article, Illustration927 1987-03-17 7 AP PRIME MINISTER Rajiv Gandhi's oftrepeated goal is to prepare India and its economy for the 21st century. But Mr Gandhi is finding that behemoth India does not move easily. Mr Gandhi, whose experience as an airline pilot gaveAP - 927 words
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Page 7 Advertisements
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Advertisement342 1987-03-17 7 The Crown Prince Singapore. Where bigb expectations are quietly rne tThe 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 Crown Prince Singapore, it is a custom to meet every one of them.342 words
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FEATURES
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Article465 1987-03-17 8 WHILE MOST have yet to read the fine print of the report of the Select Committee on the Companies (Amendment) Bill, the initial reaction has been one of approval regarding the troublesome Section 149. The approval stems largely from the fact that the business community's fears465 words
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Article, Illustration1273 1987-03-17 8 ASAD LATIF - On a cold day in March, a delegation of Singapore businessmen arrived in Istanbul to talk business. In spite of the freezing weather, there was warmth and a cordial exchange of views on how Singapore and Turkey could further business cooperation between the two countries. ASAD1,273 words
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Page 8 Advertisements
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Advertisement412 1987-03-17 8 vegetable terrine. fine tie clair no 2 oysters chicken parfait. smoked salmon. crab claw, smoked eel. black forest fish terrine. feal lifer sausage. cream of tomato soup with leaf of mushroom terrine, smoked duck chicken lifer terrine. prawn, marinated mussel ham. poached salmon medallion marinated mackerel carpaccto (of beef) spinach,412 words
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SPORTS
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138 1987-03-17 9 AFP DENMARK'S Morten Frost, the world's leading men's badminton player, scooped his fourth All England singles title in six years in London on Sunday and then set his sights on the world championships. The top seed and defending champion routed World Cup winner Icuk SugiartoAFP - 138 words
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208 1987-03-17 9 Squash Open Jahangir avenges defeat Reuter JAHANGIR KHAN exacted more revenge on Ross Norman for last November's world title defeat in Toulouse with a straight games success in the French Open final on Sunday. Jahangir won the 74-minute encounter 17-16 15-11 15-6 to take the title for the fifth timeReuter - 208 words
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Article659 1987-03-17 9 AP SERGIO CASAL shocked Boris Becker in the final singles match in New York on Sunday to lift Spain over West Germany and into the second round of the Davis Cup world group tennis competition. Casal, ranked 53rd in the world, upset Wimbledon champion Becker 6-2.AP - 659 words
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Article253 1987-03-17 9 AP PAYNE STEWART won the Bay Hill Classic golf tournament in Orlando, Florida, but Don Pooley won the most money. US$l million on the richest single swing in the game's history. "Now. maybe they'll say I'm a winner," Stewart said after he compiled aAP - 253 words
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Article73 1987-03-17 9 AP BILLY CASPER, playing a full tournament without a bogey, rolled in four birdie putts on the back nine in Sun City West Arizona, on Sunday to win the US$2OO,OOO Webb Arizona Classic by five strokes. Casper, who pocketed US$3O,OOO, overcame a three-stroke Miller BarberAP - 73 words
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Page 9 Advertisements
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Advertisement426 1987-03-17 9 AMQASSAAAAAA BTH GCDLJ 3 TOURNAMENT Sera pong Course, Sentosa Golf Club Wednesday, Match 18,1987 1M IN PtWfcp Eng 22 P K Seah 10 Michael Pang NA M Takeyama NA Algernon Kong 24 Wong Tek Foo 17 Low Song Take 24 Jeffrey Goh 20 Um Chin Lock 19 S L Chia426 words
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Page 9 Miscellaneous
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Miscellaneous1146 1987-03-17 9 to (md mm f fcsfj V; A **1 fe v I j> f A I I i w t Afi 'a^ Fur-trapper Charlton Haaton is captured during an attempt to raacua hia woman TUESDAY PREMIERE Tha Mountain Man *10.30pm, Channel 5 The story of the clash between two men one1,146 words
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Miscellaneous707 1987-03-17 9 Play golf the Sevvy way P s W mm. Mmi 0^ /V> SPll»P8p■! V./- wast® CRYPTIC PUZZLE ACROSS 3 Turn these into something white (5) 8 To Ann, he's different (5) 10 Like a number that's not exactly local (5) 11 Catch by the obtainable bit (3) 12 Jonas as707 words
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INTERNATIONAL COMPANY NEWS
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Article, Illustration460 1987-03-17 10 Discussions in the next couple of months NYT WILLIAM E SIMON, the former l?S Treasury Secretary, has formed a partnership with a prominent Australian businessman and other financiers that aims to establish a financial conglomerate stretching across the Pacific Ocean. In a telephone interviewNYT - 460 words
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310 1987-03-17 10 NYT ADVANCED MICRO DEVICES Inc is expected to introduce its first microprocessor, becoming the newest entrant to a fast-growing but fiercely competitive part of the semiconductor business. Industry sources said the computer chip maker, based in Sunnyvale. California, will announceNYT - 310 words
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307 1987-03-17 10 Reuter CITROEN expects rising sales of its new AX compact car to help boost profits significantly this year, continuing a financial recovery after six straight years of losses, president Jacques Calvet said. Speaking during weekend trials for the new AX sportsReuter - 307 words
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473 1987-03-17 10 NYT WALL STREET was bristling with announcements of corporate mergers last week as, after a pause, the brisk business expected for 1987 began to materialise. But. as a result of the insid-er-trading scandals, tax law changes and a record-setting stock market, the nature ofNYT - 473 words
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Article, Illustration339 1987-03-17 10 Reuter THE SUSPECTED foreign exchange fraud reported by West German carmaker Volkswagen is so large that more than one trader was probably involved in wrongdoing, sources in Frankfurt said during the weekend. The company's reported loss of 480 million marks (US$26O million) inReuter - 339 words
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Page 10 Advertisements
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Advertisement104 1987-03-17 10 "/V s 1 /rt WSaere to wla^, #f=P Yes, and the "catch" is from the oceans &l streams. There are salmons, squids, prawns, lobsters, clams, scallops, halibut... all fresh and expertly prepared by the chef for lunch and dinner. At the Baron's Table. The usual a la carte menu of104 words
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Advertisement93 1987-03-17 10 It's the NEU FACES... Fresh from their European tour. I he NEU FACES Veteran and versatile musicians Rock n Roll. Top 40, New Wave excellently performed tor grand entertainment Nightly except Sundays At the Alcove Lounge where the beer is cheapest among hotel lounges cove m u 4? ft m93 words
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Advertisement104 1987-03-17 10 ALL YOU WANT I a»»#w #1 r v i. l*V L Oi ,1 4fe£ «S**? 80 per person Mi Lunch: 11 am to 2.30 pm dail Sundays Public Holidays: 8 am to 2.30 pm 181. Kitchener Road. Singapore 0820. Tel: *****22 SUPER-VALUE SEMINAR PACKAGE For Ss2o nett per person per104 words
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Advertisement41 1987-03-17 10 Hennessy X.O promotion novotel orchid inn t-t-T-f i 0 a-t JAPANESE BREAKFAST w ,t»V Trodrtonol Japanese txeotrfast is no» served r\ Moby Ock Coflee House 7am- 1030 am aarfy at $12 35 De< Defson 214 Dunearn Rnad Singapore 1129 Tel: *****2241 words
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Advertisement133 1987-03-17 10 We 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 3pm to r 6 pm daily. The minute you I Mf 1 feel the rumbles, head for shelter here. (Ail prices subject to133 words
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ASIAN STOCKS
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Article387 1987-03-17 11 HONGKONG: Share prices closed sharply lower yesterday as institutional profit-taking sent the Hang Seng Index below the key 2,700 level. The Hang Seng Index lost 51.60 to end the day at 2,669.57 while the Hong Kong Index fell 36.44 to 1,708.31. Turnover was HK5803.4 million. Brokers said bargain hunting387 words
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Article221 1987-03-17 11 MAR N NTS 0 12 Kuochan D«v Lm Chang Yuan 29 00 30 50 -0.1 Asia Cement 34 80 43 40 -02 Lian Hwa Indus Nan Ya Plas 20 40 36 40 0 5 0 2 3 30 20 -0 1 31 40 -0.1 Pacific Etact 04 Wire 18221 words
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Article446 1987-03-17 11 TOKYO: The stock market average slumped yesterday, ending a sixday record-setting rally as investors took profits and no new buying themes emerged to stem the selling spree. The index dropped 82.58 to 21,415.37 but had fallen as low as 21,342.81 in early trade. Declines led advances by nine to446 words
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Article75 1987-03-17 11 MAM It 1 •csos Oriental B 0 027 unch o ooe Anglo Phil Phi la* B 039 Apax Mining B 006 -0 0025 Atlas Con B 20 unch PUP? 290 -5 Baguio Gold Basic Patrolaum... 0012 -0 001 0019 -0 001 Banguat Con B First Phil Hidgs ....96 775 words
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Article392 1987-03-17 11 SYDNEY: Australian share markets closed lower yesterday as investors sold off leading industrial stocks ahead of today's release of the February balance of payments figures. Trading was moderate with some selected buying of gold stocks stemming losses in the resources sector. At the close of trading, the All Ordinaries392 words
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Article110 1987-03-17 11 MAR 16 Chail Sugar WON 2830 -40 Kai Kangwon InO 1405 ***** 1880 -45 4-1110 -85 Daalim |r»<J 601 6 3890 -25 Daewoo Corp Daawoo Haavy 979 1351 19 61 Koraa Long Tarm Lucky Ltd 2300 1510 100 •15 Oaiahin Sacuritiaa Dong Ah Phar 3070 ***** •120 4 650110 words
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Article156 1987-03-17 11 Reuter BANGKOK: The Stock Exchange of Thailand Index was up 4.57 to 223.02 on a turnover of 2,734,837 shares worth 332.4 million baht. MAN 19 IAMT Saha Union Siam Camanl 190 649 6 12 Ayudhya Invaatmanl Bangkok Agro-lnd Bangkok Bank Bank Of Ayudhya Charoong Thai Wira Cat»a 274 76Reuter - 156 words
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Article59 1987-03-17 11 AP THE WALT DISNEY Company plans to market mouseketeer ears and other products in China and has moved to prevent the unauthorised use of Mickey Mouse and other Disney characters there. The China Patent Agent Inc in Hongkong announced early last week that Disney hadAP - 59 words
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337 1987-03-17 11 Joint-stock companies ruled out, says paper AP TURNING MEDIUM-SIZED and large state-owned enterprises into joint-stock companies is not a goal of China's economic reforms, the communist party newspaper, People's Daily, said yesterday. "It is hard to say if changing existing publicAP - 337 words
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202 1987-03-17 11 Reuter SAUDI SHARES are enjoying the first sustained rally for three years and plans to reform trading seem set to be unveiled soon, bankers said. Reform comes at a time when a cautious mood of optimism has returned to the Saudi economy afterReuter - 202 words
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374 1987-03-17 11 AP NIPPON TELEGRAPH and Telephone, once a stodgy state-owned monopoly, has seen its share price more than double to nearly 3 million yen (US$l9,OOO) since it was listed on the Tokyo Stock Exchange a month ago. That worries NTT president HisashiAP - 374 words
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Page 11 Advertisements
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Advertisement600 1987-03-17 11 Wtare to wlae, aad eaiertala Start ofA New Experience Kinta-Mani Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood, Cado 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 |ust being there.600 words
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Advertisement103 1987-03-17 11 TTn Tgr 7 Pmking A Sichuan Restaurant *Sf nMft HOKKIEN-PORRIOGE HgWi DINNER/SUPPER Buffet Style Choose from more than 20 appetizing dishes. Eat all you can for only $7 oQ++ Dinner/Supper Time: 7pm fJt K v ik ■M- 10% service cherge A 3% government tax not Included. Ay ,777 r/"" *B^l103 words
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RAW MATERIALS
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433 1987-03-17 12 UPI DIL INDUSTRY EXPERTS, confirming fears of a growing US dependence on Middle East oil, pfy the US will be importing more than half of its oil by the hnid-*****. Expert witnesses testified last week at Senate hearings thatUPI - 433 words
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297 1987-03-17 12 Reuter SRI LANKA has revised its calendar 1967 lea output forecast to around 190 million kg from an earlier target of 210 million due to a severe drought now affecting about one-third of the country. Last year's tea production totalled 211.3 millionReuter - 297 words
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182 1987-03-17 12 Reuter INDIAN EXPORTS of iron ore are likely to improve substantially in the year starting this month and China is likely to emerge as a major buyer, a senior Indian government trade official said. The official, who declined to beReuter - 182 words
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195 1987-03-17 12 Reuter MALAYSIAN Primary Industries Minister Lim Keng Yaik welcomed the basic accord reached over the weekend in Geneva between producers and consumers on a new International Natural Rubber Agreement (Inra). "This is a good development and if a new pact is adopted thisReuter - 195 words
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Article, Illustration272 1987-03-17 12 AP THE QUEST FOR GOLD lures them to the Himalayan foothills, ancient mines, meandering rivers and India's barren plains. But these prospectors are not loners chasing dreams of a quick fortune. Instead, gold fever has hit the Indian government. About 50 governmentAP - 272 words
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Article378 1987-03-17 12 SINGAPORE The market closed slightly higher yesterday with April One RSS buyers quoted at 193.50 cents per kg, up one cent from last Friday. Dealers said the morning session gained one cent on some short-cover-ing for nearby position in thin trading. Prices were little changed in thin afternoon trading378 words
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Article274 1987-03-17 12 RAS prices in S FOB In bate NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 195 JO 196 JON 196.00 197.00N Wit 1 RSS April 87 193.00 194.00 193 JO 194.00 Int 1 RSS May 191.00 191.75 191.00 191 JO lot 2 RSS OP 180.50274 words
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Article81 1987-03-17 12 (cenn/kg, 1-ton pollen) APRIL 87 MAY 87 (currant month) (forward month) NOON NOON RAS kr»«n Seller* Ivyen SSR 20 167.00 168.00N 166.50 167.50N SSI 50 166.00 167.00N 165.50 166 SON MRELB bytn Sellers ■wyen s. (l r> SMI CV 247.50 249.50N 248.50 250.50N SMI I 247.00 249.00N81 words
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Article163 1987-03-17 12 THE PRICE OF TM on Km Kuala Lumpur Tin Marital fall 12 cants from last Friday's closa to and at M 510.05 a kg yaatarday aftar a fairly qulat trading saaaion. Tha markat started at laat waak's M 516.77 with sallara offarlng 107 tonnas but buyars willing to163 words
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Article101 1987-03-17 12 OIL PRODUCTS MOST PRODUCTS were unchanged in the East Asian petroleum spot market yesterday. Demand from Singapore refiners, regional end-users and bunker operators helped firm gasoil but fuel oil and LSWR were static. Reduced Japanese interest cut naphtha prices by about US$3 a tonne. Closing prices for crude (FOB origin)101 words
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373 1987-03-17 12 AFP DEPRESSED jute prices resulting from a surge in the use of synthetic fibres has necessitated rapid adjustments for Bangladesh, which earns half its foreign exchange from jute exports. Once known as the "golden fibre", jute remains Bangladesh's main export, but a sudden dropAFP - 373 words
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326 1987-03-17 12 Bernama ES PRICES OF Sabah's main export, timber, have so far been higher than last year's levels, and a further rise is anticipated, according to a timber industry official. Prices recorded for the past three months were about 35 per cent toBernama ES - 326 words
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Article163 1987-03-17 12 Reuter HAITI has discovered a major gold field in the mineral-rich north, but says it needs US$B million for equipment to mine it. A Ministry of Mines spokesman said last week the deposit, discovered in Grand Bois last Wednesday, contained an estimated 44 million tonnesReuter - 163 words
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Article65 1987-03-17 12 Bangkok Broken Rice (USS/tom, FOA) A-l Super A-l SpMW 143 140 White Rice C-l Spcdal unq 100% 1st don 255 C-1 Ord unq 100% 2nd daw 225 Loonzain Rice 100% 3rd do* 220 5% 210 100% 1# grod* 100% 2nd grad* unq 219 10% 205 100% 3rd grab* '5%65 words
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Page 12 Advertisements
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Advertisement394 1987-03-17 12 8 DBSBANK THE DEVELOPMENT BANK OF SINGAPORE LTD (Incorporated in the Republic ot Singapore) NOTICE OF REDEMPTION AND TERMINATION OF CONVERSION RIGHTS *****,518,520 7Vt per cent Convertible Unsecured Loen Stock 1991 ("the Loen Stock") To: All Loan Stock Holders 1 NOTICE IS HEREBY GIVEN that The Development Bank of Singapore394 words
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Advertisement288 1987-03-17 12 NOTICES THE COMPANIES ACT CAP. 1M PERNG CHKKNG CONSTRUCTION PTB LTD (In voluntary liquidation) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 163 Trae Street. 009-03, Singapore 0907 on the 11th day of March. 1987, the special resolution set oat below288 words
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Advertisement299 1987-03-17 12 IN THE MAITO CW THE OOMPANIBB ACT, CAP. IM AND HAN IL ENTERPRISE PTE. LTD. da Mtabm' Voluntary At an Extraordinary General Meeting of the member* of HAW IL ENTERPRISE PTE. LTD. duly convened and held at 1 Colombo Court #04-06, Singapore 0617 on 13th March 19ft the following Special299 words
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SHARE INFORMATION
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Article, Illustration4333 1987-03-17 13 THE CORRECTION that began on the Singapore stock market last Wednesday continued yesterday with share prices easing across the board on reduced volume. The Straits Times Industrial Index lost 7.7 points to 1.033.45 and the BT Composite Index gave up 3.16 points4,333 words
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Article266 1987-03-17 13 SINGAPORE Rises mo ices Mort> 13 Men* l« Mycom IM 328 ♦55 8T Compart* 913.28 910.12 A 1 S 50* 95 ♦41 8T OB/OS 21 -67 Ainba»odor 218 ♦28 it cad* -6197 -6280 S 1 A 1070 10 8TQ8V *****8 *****9 Spore Land 575 10 ST bidmtrinii266 words
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Article4158 1987-03-17 13 BID and offer price» 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".4,158 words
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Page 13 Advertisements
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Advertisement20 1987-03-17 13 KL market report, Business done on the KLSE, Page 14 janagers AAusi W lanage BT shows you how every Monday.20 words
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COMPANY NEWS
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Article, Illustration1291 1987-03-17 14 MBT ONLY the more efficient Malaysian oil palm and rubber companies can look forward to good prospects in the future, unlike in the past when commodity prices were higher and costs lower. Besides local competition, Malaysian plantation companies have to contend with overseas competitorsMBT - 1,291 words
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401 1987-03-17 14 THE TECHNICAL correction continued on tha Kuala Lumpur stock market for the fourth trading day running and share prices weakened further across the board in moderate trading. Against the generally softer bias, some tin stocks found renewed interest to post double-digit gains. Gainers were401 words
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Article120 1987-03-17 14 HONGKONG Hongkong Index Monday *****1 Friday 1744 75 Week ago *****4 Hang Seng Index Monday *****7 Friday *****7 Week ago 2820 38 All Industrials Monday Friday Week ago NEW YORK Dow Jones Fridoy Thursday Week ago 2567 0 2581 1 2603 2 2258 66 2267 34 *****3 TOKYO120 words
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Article254 1987-03-17 14 Managers' prices MARA-Bumiputra for March 17 First B'putra 601 606 Second B'putra 513 518' Singapore Unit Trust Third B'putra 4 24 429 The Commerce 1 03 The Savings Fund 0 89 S'pore Prog Fund 0*0 S'pore Sac fund 060 S pore Fund 0 76 Spore Equity Fund 0*9254 words
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698 1987-03-17 14 NYT AS THE insider-trading scandal on Wall Street has deepened, companies and executives find themselves at the centre of a complex set of ethical questions, and some of them are looking to religious counselling for answers. "They've learned how to get information and howNYT - 698 words
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153 1987-03-17 14 Bernama ES UNITED ENGINEERING (Malaysia) Bhd, which deals with engineering and heavy equipment, is optimistic that the medium- and long-term prospects of the company will improve with the securing of two large projects recently. Chairman Datuk Or Yahya Ismail said in the 1965 annual reportBernama ES - 153 words
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Article2752 1987-03-17 14 810 and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with Vie number of •hares traded shown m brackets In lots of 1.000 units unless otherwise specified. MOUSTftIALS Aoao (1806 200 SI «N» to 0168) 01 3162,752 words
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Article220 1987-03-17 14 CHEMICAL COMPANY of Malaysia Berhad: EGM at the Kedah Room. Basement Two, Shangri-La Hotel, 11 Jalan Sultan Ismail. ***** Kuala Lumpur, today at 9.30am to be followed by the 25th AGM THE NEW STRAITS TIMES PRESS (Malaysia) Berhad: EGM in the Theatrette. Balai Berita. 31 Jalan Riong, *****220 words
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625 1987-03-17 15 LISA LEE - By LISA LEE CHOCOLATE MANUFACTURER Sunshine Allied Investments Ltd has forecast an increase in pretax profits as it has benefited from the nuclear fallout caused by last year's Chernobyl nuclear plant disaster. Sunshine has forecast a consolidated profit of not less than $2 million625 words
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Article120 1987-03-17 15 AILING tin can manufacturer Malaya Tin Printing Co Ltd revealed that the group had lost $8.42 million from selling shares in three listed companies. MTP was replying to the Stock Exchange of Singapore, which asked for details regarding its preliminary results for the year120 words
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Article, Illustration533 1987-03-17 15 AMY CHEOK - By AMY CHEOK VAN DER HORST LTD. which recently reported its worst loss since going public five years ago, will have to settle $9 million of its restructured loans by Dec 31. The offshore oil industry servicing group says in533 words
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463 1987-03-17 15 ELAINE KOH - By ELAINE KOH RECOMMENDED CHANGES to the controversial Section 149 of the Companies Act have been generally hailed as a vast improvement over existing provisions which automatically bar directors under a "double liquidation" clause. Some quarters, however, have taken issue with the mechanics involved463 words
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274 1987-03-17 15 THE SPECTRE of bankruptcy which was closing in on the directors of City Securities two months ago appeared to have faded somewhat on account of the proposed corporatisation of the stockbroking firm. At least three banks NMB Bank and Banque Indosuez and Hill274 words
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504 1987-03-17 15 AMY BALAN - By AMY BALAN MORE THAN $87 million was due to financier Khoo Teck Puat's Goodwood Park Hotel group from the National Bank of Brunei (NBB) when the bank closed its doors last November. Detailed accounts of the group's deposits with the504 words
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Article179 1987-03-17 15 OVERSEAS UNION Bank Ltd, Ovhmm Union Enterprise and Ovaraaaa Union Truat have requested a suspension of trading in their shares today pending the announcement of year-end results. OUB loan stock will also be suspended today. OVERSEAS UNION Securitiea says its group unaudited net tangible asset backing per $1179 words
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Article66 1987-03-17 15 Bernama ES THE KUWAIT Investment Office (KIO) had raised its interest in Sime Darby Bhd to 60.744 million shares from 52.904 million shares previously, it was announced yesterday. The shares will be registered in the name of Mayban (Nominees) Sdn Bhd. The KIO hasBernama ES - 66 words
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377 1987-03-17 15 UNITED PLANTATIONS Bhd (UPB) has announced a one-for-five bonus issue in spite of a 74.9 per cent fall in group pre-tax profits to M 59.84 million in 1986 from $39.18 million the year earlier. However, shareholders are not getting a final dividend. "In view of377 words
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Article130 1987-03-17 15 Company RIGHTS ISSUE Bonvests Hldgs One-for-four J065 P* r share Ex-date: Mar 12 Books close: Mor 19 H Toi-Pan One-for-two JOSO per shore Ei date Mor 10 Books dose: Mor 17 Hwo Hong One-for-five $l 00 per shore Ex date: Mar 12 Books dose: Mor 19 Parkway Hldgs130 words
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Article267 1987-03-17 15 Company RIGHTS ISSUE Bedford One for one $0 50 per shore C 1 Holdings 27 million loon stocks in the ratio of 13 loon stock lor every five ordinary shares held City Dev One for-four $1 40 per share tights issue of bonus with warrants m the ratio267 words
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Page 14 Advertisements
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Advertisement257 1987-03-17 14 BAT British-American Tobacco Company (Singapore) Ltd. NOTICE OF ANNUAL GENERAL MEETING NOTICE is hereby given that the Forty-fourth Annual General Meeting of British-American Tobacco Company (Singapore) Limited will be held at the Registered Office of the Company, 57 Senoko Drive, Singapore on Wednesday, 15 April 1987 at 11.30 am for257 words
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Page 15 Advertisements
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Advertisement312 1987-03-17 15 Leader, Pag* 8 DBSBANK THE DEVELOPMENT BANK OF SINGAPORE LTD (Incorporated in the Republic oi Singapore) To: All Bondholders US$lOO,OOO,OOO 4% Subordinated Convertible Bonds due 2001 SUSPENSION OF BOND CONVERSION Notice is hereby given that the Bonds will not be convertible during the period 7 May 1987 to 13 May312 words
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494 1987-03-17 16 HOMER CHEN - By HOMER CHEN REACTION to the public sector divestment committee report released last Friday has been generally positive. Businessmen and executives contacted by BT generally agreed with the broad concept adopted by the government to let the private sector shoulder a bigger responsibility for494 words
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Article, Illustration339 1987-03-17 16 LEE HAN SHIH - By LEE HAN SHIH THE 44th PRESIDENT of the Singapore Chinese Chamber of Commerce and Industry took office for a two-year term yesterday, promising he will be "a workhorse president" to build up the influence of the chamber both in and out of Singapore. SCCCI339 words
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Article247 1987-03-17 16 THE ENGLISH PRESS does not understand the role of the Singapore Chinese Chamber of Commerce and Industry and that sometimes leads to criticisms that are groundless, said outgoing chamber president Tan Keong Choon yesterday. The misunderstanding arises because most of SCCCI's members operate on local capital, while247 words
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258 1987-03-17 16 Bernama ANY EFFORT to bring about a compromise among top leaders of the United Malays National Organisation to avoid a contest for posts should be undertaken by those who are neutral, Deputy Umno president Datuk Musa Hitam said in Kuala Lumpur yesterday.Bernama - 258 words
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481 1987-03-17 16 LEONG WEN WAH - By LEONG WEN WAH THE YAOHAN GROUP is embarking on a major expansion programme this year with the targeted opening of five stores in Asia and New York, involving a total investment of $150 million. At the press conference yesterday at the Mandarin Hotel, Mr481 words
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361 1987-03-17 16 Bernama ES THE CHAIRMAN of the Group of 14 on Asean economic cooperation and integration, Datuk Paul Leong, has urged the UN to initiate the formation of a consortium to study ways of solving problems arising from the politics of marketBernama ES - 361 words
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383 1987-03-17 16 AP. Bernama MALAYSIAN Foreign Minister Datuk Rais Yatim said yesterday that Japan should give special attention to Asean in its programme to harmonise its economy with the rest of the world. Saying that Asean would welcome the changes in Japanese policy, DatukAP.; Bernama - 383 words
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89 1987-03-17 16 AFP SENIOR OFFICIALS from 16 nations gathered in Lagos yesterday for two days of talks on whether to set up a so-called concert of medium powers. "Some people see this as the most important attempt to reform the international order since theAFP - 89 words
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212 1987-03-17 16 AFP ASIAN developing countries yesterday adopted a declaration at the end of a three-day meeting in Dhaka, Bangladesh calling for special measures to help Third World nations overcome their economic problems. The meeting took a last-minute decision to withhold publication of the Dhaka DeclarationAFP - 212 words
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306 1987-03-17 16 Reuter JAPAN SHOULD STEP UP the pace of its financial liberalisation if it wants to become a world financial centre equal to New York or London, a leading US banker has said. "For Tokyo to become the third link in an international capitalReuter - 306 words
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Article82 1987-03-17 16 COM EX GOLD futures rose yesterday on short-covering of positions which were sold during last Friday's options-related fall. In moderately active business, gold for delivery in April was ahead US$l.4O at U*****.40 an ounce, with US commission houses and local traders the prominent buyers. Anslysts said the outsiders82 words
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Article71 1987-03-17 16 Bernama MALAYSIA should not bow to the demands of Britain and the US regarding the recognition of foreign degrees because the country has its own needs, Education Minister Anwar Ibrahim said yesterday. Malaysia had its own requirements to meet in determining the recognition of foreign degreesBernama - 71 words
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LATE FILE
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Article56 1987-03-17 16 Reuter CHINA'S exports and retail sales rose strongly in the first two months of this year and increased consumer spending forced up prices. The State Statistics Bureau reported yesterday that exports had climbed more than 18 per cent in value compared with January and FebruaryReuter - 56 words
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Article31 1987-03-17 16 UPI THE THAI Defence Ministry wants to expand weapon exports and plans to asks the government to amend laws restricting exports of arms and ammunition. UPIUPI - 31 words
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Article30 1987-03-17 16 AP INDONESIA and East Germany, seeking to boost bilateral trade, yesterday signed agreements on the avoidance of double taxation and on cooperation in merchant shipping. APAP - 30 words
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Article48 1987-03-17 16 Reuter PHILIPPINE President Corazon Aquino yesterday ordered the immediate disbanding of several powerful armed civilian vigilante groups. Defence officials said that Mrs Aquino had signed an order scrapping existing groups. A second order provided for the formation of a single national police force.Reuter - 48 words
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Article37 1987-03-17 16 Reuter JAPAN yesterday protested to the Soviet Union about a Soviet-Vietnamese statement which said that Tokyo was becoming militaristic and was forming a military alliance with South Korea and the US. ReuterReuter - 37 words
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Page 16 Advertisements
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Advertisement12 1987-03-17 16 Buitmim welcome ctiinflii to 8«c 149, Pag* 15 L«ad#r, Pag« 8 3512 words
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Advertisement125 1987-03-17 16 Besf of HoogKajg DAI m DONC ma 22,1987 ,>V" Embark on a gtm aatlng sdvsnturo with Hong Kong* 25 most popular TM pm ooou spectanoes, prepareo oy 11 topflight cooks from Hong Kong. from tne niMmr sons oy tne pool om noon, Price: 9$H5O per adult and Ssa9o per child125 words
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Page 16 Miscellaneous
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Miscellaneous8 1987-03-17 16 Qsaaoiaaa I Mil >l< l»»l X Hmmm E8 words
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SHIPPING TIMES
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Article104 1987-03-17 17 FINANCIAL-TROUBLED tanker owner Japan Line is selling 20 VLCCs and several bulk carriers for scrap or further trading, industry sources said. The tanker disposals include the 231,722-dwt Japan Orchid, 233,641-dwt Japan Lumm pinus, 233,313-dwt Sovereign, 274,531-dwt Rosebay, 268,038- dwt Saffron and 267,807-dwt Z. Cattleya all104 words
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396 1987-03-17 17 JUNE LIM - By JUNE LIM PRELIMINARY figures show that Singapore surpassed Rotterdam in the number of tonnages handled last year to occupy the plume position as the world's busiest port. Statistics show that 30,814 ships weighing 324.6 million grt called at Singapore last year, as compared396 words
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255 1987-03-17 17 KINGSLEY WOOD - By KINGSLEY WOOD SAFOCEAN, the joint liner shipping venture between Nedlloyd and the South African Marine Corporation. Safmarine. has been disbanded. A Nedlloyd spokesman agreed in Sydney that the decision was linked to the increasing pressure on South Africa over its internal policies. While255 words
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169 1987-03-17 17 AFP INDONESIA and East Garmany hava signed agreements on avoiding double taxation and merchant shipping cooperation which are expected to boost bi-lateral trade from its current low level, diplomatic sources said. The two agreements were signed by visiting East German Foreign MinisterAFP - 169 words
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PORTSIDES
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Article73 1987-03-17 17 WITH EFFECT from March 1, the Immigration Department of Singapore has discontinued its practice of endorsing landing passes on the documents/seaman books of Indonesian crewmembers of vessels arriving in Singapore. All Indonesian crews will be cleared by the Immigration Department on arrival in the same manner73 words
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111 1987-03-17 17 THE INDIAN government has taken steps to assist its hard-pressed shipping industry by urging that government-owned and controlled cargo should be carried on Indian vessels whenever possible. Foreign vessels were fixed only when suitable Indian-flag vessels were not available in poeition, the Indian Minister of111 words
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1225 1987-03-17 18 Despite declining hull rates, Singapore still ranks as the leading provider of hull insurance capacity in the Far East region but it is with London that most off the established operators in the area have their strongest ties. However, London is coming under pressureLloyd's Maritime Aaia - 1,225 words
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Article705 1987-03-17 18 AB Shpg V 5 Accord Shpg VI 3 Africa Ocean IX 4 Alltrans VII 3 Anro Service IV 2/3 ANl 1 1/2 ARC 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 4/5705 words
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Article1310 1987-03-17 18 THE BULK of freight msrket activity on Friday was confined to the time-charter sector where further period fixing emerged, while grsin business included a cargo from the US Gulf to Japan at the higher level of U5514.50, shipbrokers said. Time-charterers arrsnged a 62,000 tonner from the Mediterranean for1,310 words
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Article178 1987-03-17 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 AMRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line178 words
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197 1987-03-17 19 AP THE KEY to the Belgian ferry disaster could lie in the ship's engine recorder, which was on the bridge of the Herald of Free Enterprise when it capsized on March 6. the Sunday Times reported. The recorder, similar to an airplane'sAP - 197 words
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415 1987-03-17 19 Lloyd's List PROPOSALS that could lead to more shipping company mergers in Scandinavia have been put before the Nordic Council. Supporters of the move, which is primarily designed to harmonise maritime company and tax laws across the borders of the council's five member states, believeLloyd's List - 415 words
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132 1987-03-17 19 CROSSTRADES, a member of the Antrak group, has appointed agents in South Korea and Taiwan to promote its Far East-West Africa service. In South Korea it is represented by Dong Sung Shipping Co and. in Taiwan, by Felicity Navigation (Agencies) Corp. Crosstrades132 words
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Article316 1987-03-17 19 AFP TANKER owners appeared to be resisting lower rate levels on the charter market during the past week, as the energy sector gathered strength and forced some consumers to cover their requirements. But London brokers E A Gibson warned that "it is difficult to be optimistic" in viewAFP - 316 words
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Article, Illustration170 1987-03-17 19 AP A SOVIET freighter sank off the coast of New Jersey a day after its crew of 37 were rescued by US Coast Guard helicopters. "When daylight broke, all they found was an oil slick and some flour sacks." saidAP - 170 words
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225 1987-03-17 19 TRANSFIELD Pty Ltd and Carrington Slipways will make a pilch for th« failed Newcastle State Dockyard, reported the Australian Financial Review. The shipyard closed two weeks ago after 300 workers were sacked when they rejected a New South Wales government survival225 words
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7278 1987-03-17 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.7,278 words
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Article707 1987-03-17 26 AT CONVENTIONAL WHARVES Vessel KEPPEL WHARVES Loshio Barber Tobo Colossus Gazonia Jinfeng Koto Benor Ned Alkmoor Santa Rosa 1 Star Glory Yuheng AMI S Altinc Builder III Con Furano Fengsheng Ksor Chellal lin Petaling 2 Ned Bangkok Pdg Tim Enom Potsdam Rajah Brooke Sin lian South Glory707 words
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Article561 1987-03-17 26 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdna FCL Arrival LCL movamant Ship Voy date/time Operator cargo achadula Locatk Zim Eilot 16E *****7 1700 Star Shpg F7 0800-0900 P6 N Crystal 38E *****7 1600 NAPl FSA 0700-0800 12 Ms Claudine 8712 17.03.87 2130 Moersk F2 1130-1230/1030-1130 A2/82561 words
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Page 17 Advertisements
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Advertisement677 1987-03-17 17 SVW *4t it V. a. Mr JARD4NE SNIPPING AGENCIES (Naf. ll*. 242K4/ 00K %%lltf* 200 C«wl—H tad #12-06 Soutkpomt. Twppari 0201 Mill/ Td 221 Oil TELEX NO US 2*179 OiqentOveiqeas Cottiaitm Line NORTH AMERICA ATI ANTIC EXPRESS iROUNO THf YYORID ROUTING [gg] TEMINALyCFS Td *****11 220 BOOKINGS TN *****34 235677 words
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Advertisement69 1987-03-17 17 IF ANYTHING was going to underline the recent plight of marine hull insurers, the financial difficulties of a number of Far Eastern shipowners could hardly have done better. Page ll PROPOSALS that could leod to more shipping company mergers in Scandinavia have been put before the Nordic Council. P»ge 11169 words
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Advertisement321 1987-03-17 17 SMI BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL. *****33 MAERSK LINE TO JAPAN next tailing "LEISE MAERSK" eld 24.3.87 TIM week Lain M Ooamg Tun— CY 23* 1900 HNS CFS 23/3 0600 HRS US At!.i'~* t321 words
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Page 18 Advertisements
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Advertisement323 1987-03-17 18 OUTBOUND to north continent COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO MEDITERRANEAN AND EUROPE ALSO ARABIAN GULF AND INDIAN SUB CONTINENT VHU DC VENUS j. i n (A J-tf f OUTBOUND TO MEDITERRANEAN TTTT n tUI DC VDNJS mux dc jofm* mc dc new OUTBOUND TO ARABIAN323 words
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Advertisement209 1987-03-17 18 VBL VTA BJX Furthif lotd/ dlicKtrQinQ ports tn SinppOT Offiec MTM S'por*. Trf: 221 TEL: imMUD MMLWDI TLX; *****_MTIL Fit Bootdng contact Miss Gsn 3 "PORE LDO. FOR i Mbjtd lo sufftctont induominL I Tbr R8 ***** MTMBEA. Far *****46. PQg The Super System gL Supcrcarricr Srr\ ice Barber Blue209 words
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Page 19 Advertisements
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Advertisement460 1987-03-17 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd CONTMOtSW SERVICE TO UK/CONTKNT:. r^T STRAITS SHIPPING Singapore to Sabah, Sinwik, Brunoi Ports and Bangkok mP&O Containers Limited Jmppuvopi rkn n—urn wW W V hh «n m m hi Fart/11 Bv BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL *****00 vn m w460 words
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Advertisement491 1987-03-17 19 Franco Belgian Services TTP MFMBER OF ACF CONSOR'IOMi ACS CONQ C I MM mMM U MttOfTAL n MJ CHARGEURS REUNIS f,'-.' =<ai u l\: '.v (MFD CI UB MF MBtßi 3 I lii'li ".IP. PK Ppnsng *.S'2. 1 TO USA/CANADA WEEKLY FULL qONTAINER SERVICE a"'- 3 "TT rm rm imm491 words
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Page 20 Advertisements
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Advertisement322 1987-03-17 20 C NTAINERSHIP SERVICE TO UK CONTINENT AUO ACCEPTING CAROD TO: ALL IK MLANO KSTMATKMS, BELFAST, f CA—III "OV» SfV CONTAINER SERVICE TO EUROPE ONyS-MI CONTAINER SERVICE TO MED EUROPE IQNTAiNERSHIP SERVICE PROM UK CONTINENT VP ap U, TO MM MM M Hi U, TO SU M SW 170 SM V*322 words
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Advertisement453 1987-03-17 20 Jl K.S.IjIHE nt» $***•<* cMm»rm FULLY CONTAINERISED SERVICE C.R. PARIS W ORIENTAL CHIEF rpn p.Kiiim 11/1 0«/ D 2V3 (am 1* (30KJ) W 15* (13*) t* 7* I* 11/4 14* 11* 14* 15/4 17* 21* 20* 21/4 22* 2V4 21* 27* 2>* 23* 2/5 V 5 4/5 *5 1/5 «5453 words
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Advertisement254 1987-03-17 20 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONTAJK PORTS: *FArROUZ2 ITC-W ITC-( In n 270 ni» v« PT KELANC In Nrt LOADINC FOR UK UK (Ninpirt) PORT KELANC KOTA KINABALU Tt HANI CALICO SHIPPING PTE LTD T«fc Z2BM Tb :RS SOU CALICO FAX: PERKAPALAN UTAMA SON MO WWNI KESANAN254 words
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Advertisement640 1987-03-17 20 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) MP Ntt OS KLC EVU GATHER W W V W EVER GUNK 2SO 2«) H0 20 EVU LIVING 10 S0 70 10 UNI-PROaOTHM/EVER LEVEL 10 120 140 EVER GLORY W UK W UK EVER UMUNC W W V W U mSSScTO I)640 words
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Page 21 Advertisements
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Advertisement611 1987-03-17 21 v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE MA HAWK MA HAWK KOTA MM BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE n "Hr RED SEA/EAST AND WEST AFRICA SERVICE KARACHI/M.E. GULF SERVICE KARACHI, MOOCDAH, ALEXANDRIA, CHINA SERVICE611 words
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Advertisement632 1987-03-17 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT HI IU IW W IW Wl W IW 1W w vn w zu* at* an m 20 an an an an an m* *n tn in 10 OS 110 110 Ufi Ufi OH W U|i D|) W M 0 Wfi Off Ufi632 words
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Advertisement514 1987-03-17 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD VESSEL/VOY CAN DA BMAKTI/17WB S. PANJANG/ISWB ocean nmpm SRIWIJAYA/IMB S POKE BILBAO BR van liM 25-27/3 St u-15/4 m IV a-wn BILBAO BREMEN A'DAM/R'DAM N'BUK lfM m Ml* an an 2a un514 words
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Advertisement255 1987-03-17 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loading for Rangoon lASMO V7W PA-AN VMM LOtKAW VIMW PAGAN VIIIW S'port P.Ktianf wiimv ivn Btor mnm* warn* 2*27 Mw Pwnnf Bbn^oK R)tTHBANK VIM IVYBANK VIM TOANA Niuam VM TAUSALA SAMOA VM BANK LINE express san.coMTtiHr«g» VOM ma HULL MM Ills255 words
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Page 22 Advertisements
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Advertisement662 1987-03-17 22 KLINE —KAWASAKI KISEN KAISHA. LTD. I FEEDER VSL MOTHER VSL SPORE PKLC PNC SPORE KOK GUAYAQUIL CALLAO ARICA IQUIQUE Af ACASTA S ANTONIO VALPARAISO J. MIDGE VM TIN VSL Vfet Ikr Ih, 15 May Hay XMORE IRIOCE VM RAGNA V 7 rm BRIDGE m RtyJNA VS 'ASIA STAR V 57662 words
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Advertisement353 1987-03-17 22 HAYAKAWA MARU 2631F S.A. VAAL war Si. VAAL 232K NEDLLOYD COLOMBO 2427 C J«rd JAROINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAD 012-05 SOUTHPOINT, SINGAPORE 0201 M: *****11 TELEX NO: RS ***** TERMINAL/CFS Tel. *****18-220 BOOKINGS Td. *****34-235 FREIGHT LINKS EXPRESS PTE LTD SINGAPORE. TEL: 2214*5 (20 LINES) Telei353 words
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Advertisement686 1987-03-17 22 T AUSTRALIA EXPRESS CONTAINER SERVICE AccapGiiy FCUFCL ConMmra Faadar P Ktimi Un» toM S port IMb Fran Sy* Alae Aacapb nj II Iter "JABITOAS" VJ3 a Mar Apr 15 Apr 13 Apr Addyßns CALABAR V 33 4 Apr "RAMOAS" i 2% 13 Aor 21 Aor ft fefta« 4 ftfe* JUtt/firs686 words
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Advertisement626 1987-03-17 22 GOLDEN LINE GUMt GUAM SUPPING (PTE) LTD 23. lew Ore* SMUTOK 0104 m ******4 (II IKS) STRAITS/PERSIAN GULF SERVICE: s-pon Hm* GOLDEN WON OCR Cotombo/'tUrachi/DuOti/Dwnmtn Z3/2S Mar OOIDCN BEAR Cotanbo/Karadw/Dubat/Doha 4/S A*r •Pklg *Panang tart Karachi Stiarjah Oananam Kiwi GAO CHENG 21/3 22/3 V/ 3 CM S/4 11/4 13/4 KMC626 words
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Advertisement425 1987-03-17 22 INTRASEA (PTC) LTD 15 Hoe Chiang Ro«'. »07-02'03 Sunt id Bu'lrf-'.g Singapore 0208 Tel *****11 MO linen Bulk Orient Line BREAKBULK SERVICE TO EUROPE/UK S'poro P. Mm| ■.V. AOCUNA OK SalM hi ft ■.V. AGIOS NIKOLAOS S« 11/3 22/3 SETE/ROT/ANT/UKfMJLL) $TE?WT/MT/US(IWU) Agentj Singapore K. Lumpur ngapor. INTRASEA (PTE) LTD BOOKING425 words
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Page 23 Advertisements
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Advertisement656 1987-03-17 23 NEPTUNE ORIENT LINES LTD S port NEPTUNE AGENCIES PTE. LTD Ft EU/AUST TPA/StA Tel No Office Ttnmnal CFS BOOKINGS *****53 *****42 amn *****22 *****53 msu 27*111 *****16 *****11 *****41 MMMg NEPLINE SON. BHD. *****87 K.Lumpur NEPLINE SON. BHD. *****8 Penang NEPLINE SDN. BHD. 628a35/*****8««*****/627K2 J Bahru NEPLINE SDN. BHD. *****8/*****1656 words
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Advertisement472 1987-03-17 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG, BUSAN, INCHON i 7 Oonam/7Q2N in Pari > I Doami/702N an wot EM/70) 7/4 > Donam/703N 11/4 19 Donam/TQSM 2/5 1 tunny it Cm Voy>«* 704S hr» to 1200 hn N V. S PORE AGENTS NEPTUNE AGENCIES PTE472 words
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Advertisement664 1987-03-17 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 HANDLING SYSTEM CO SON BHD MESSRS HAI THONG SHIPPING 127 Pmmm Straat y.664 words
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Page 24 Advertisements
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Advertisement289 1987-03-17 24 SINGAPORE SHIPPING CORPN.CPTE) LTD. TEL: 225-6868 (30 LINES) TELEX: RS ***** A/B SSCMA. RS ***** A/B SSCAO B DEUTFRACHT SEE REfDERf I ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE LARNACA: Accepting cargo for Piraeus, Thessaloniki, ■9*ir, Istanbul, Mersw, Lattakia, LimassoL Beirut, Alexandria, Pert Said, Iraqi, Iranian and other Middle-East destinations. rrmr. •T--inr289 words
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Page 24 Miscellaneous
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Miscellaneous158 1987-03-17 24 Regional Weather A <e St; 4 !v< >wIL*£ SIGNIFICANT WEATHER AND BEA CONDITIONS AT 7.30 AM. THIS MORNING. "c a w Wind direction with speed m knots Wove height LEGEND: R Thunderstorm Temperature c X\ V Shower Weather Wind direction with speed knots Ram Cloudy Sky W V< h ,ght158 words
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Page 25 Advertisements
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Advertisement160 1987-03-17 25 u TAYO INIERNATIONAL PTE LTD. Tf 1 1 I mi's T I I h 1 r AXUN ETA ETD OCSTMMTNM SATU a/3 2V3 KUWUUCKMMR PCKANBAJtU/DUNAI MM DATA 21/3 23/3 SAItl SAMJDUA 17/3 I*3 J AMI A VESSEL W VP BAT AM DAILY KCDVHK CARGOES AT JUMMC WAREHOUSE CALL US AT:160 words
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Advertisement505 1987-03-17 25 Hai Sun Hup Co (Ptc) Ltd n n H I i? 0 1 mt'Sl It HS M'. I \M I K\ \K I IM.In I i STRAITS/JAPAN/STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG. TAIWAN A CHINESE PORTS, SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE505 words
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Page 26 Advertisements
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Advertisement124 1987-03-17 26 FARGO SHIPPING COMPANY(PTE)LTD. REGULAR EXPRESS FULL CONTAINER AND LCL c r c VICE MBOUNO AGENT FOR ARC CONTAMERUNE Vti L HUM MtUSSEL rrF' V*l L HUOIG In Pt BRUSSEL 26/3 n>' ml .iij" 'ifTTirTn 2W 25/3 ETA SINGAPORE RAT ANA BHUM BUNGA BUT AUG 3 ma? W3.50.20 Jtfi, 27/3, 3/4,124 words
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Advertisement452 1987-03-17 26 TO r 11/'iy OI IjWj wm-* Jbsxmxk —-i&r -y&ez&mer MitsuiOSK Lines Ltd CONVENTIONAL/SEMI-CONTAINER CONnNENTAL PARTNER PWMERA PEAK VOY. SWA3OA MORNING GRACE VOY. EAABA OCEAN EUTE VOY. EAA33A SUBJECT INDUCEMENT OSTFWESLANO VOY. WAP-1A RAINBOW AVENUE VOY.WAB2A RIVER OLI WAA3SA Rmk* Subject Inducement 25 Mar Mombasa. Daressalam 25 Mar Port Louis. Reunion452 words
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Advertisement38 1987-03-17 26 h f NfSh r E n* rro mscnamm ports ■0 2M MWt, CALCUTTA a/3 an cwttmonwcmmjm icura. W a* SUOAAATA. MKATTA fy.aMWDmMiAL. ICL ro. camo to n xa*mis OKK. TN AW OTNO FOOTS) (ALSO ACC km ts, nk.38 words
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