The Business Times, 24 March 1987
1987-03-24
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The Business Times
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Title Section12 1987-03-24 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, MARCH 24, 1987 75 CENTS12 words
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Article, Illustration194 1987-03-24 1 Exchange rates THE SINGAPORE DOLLAR ended firmer at S$2.1400/10 ($2.1440/50) against the US$ in the forex market yesterday. But it closed weaker at $3.4357/95 ($3.4250/87) against The local unit also fell slightly against M$, DM and yen, but edged higher against HK$. US$1 150-50/60 yon, 1.8180/90 DM,194 words
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690 1987-03-24 1 ALAN LEE - Hongkong broker to take initial 49pc stake in a new company By ALAN LEE Companies Editor HONGKONG-BASED stockbroking house Sun Hung Kai Securities has been picked as a partner in the corporatisation of troubled stockbroking firm City Securities Re. SHK submitted690 words
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Article, Illustration196 1987-03-24 1 PROFIT-TAKING in the afternoon pared the sharp gains made by blue-chip components of the Straits Times Industrial Index early yesterday. It closed 9.14 points higher at 1,061.09, after a mid-day rise of 15.76 points. The more broadlybased BT Composite Index gained 7.09 points196 words
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327 1987-03-24 1 THE 1966 RESULTS of three institutional favourites United Industrial Corp, National Iron ft Steel Mills, and Neptune Orient Lines released yesterday contained both pleasant and unpleasant surprises. UIC headed the list of good news with a one-for-two bonus issue and a bonus dividend327 words
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Article, Illustration374 1987-03-24 1 ZHOU MEI - ail WMSEEEERJ By ZHOU MEI THE DEVELOPMENT of Tokyo as a financial centre in the same time-zone as Singapore has already resulted in more international business flowing into the Republic. In Parliament yesterday. Finance Minister Dr Richard Hu374 words
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Article155 1987-03-24 1 SOUTH AUSTRALIA is keen to develop stronger ties with Singapore and the rest of Asia. Mr Lynn Arnold, the South Australian Minister of State Development and Technology, said in an exclusive interview with BT in Adelaide that South Australia regards Singapore and the region as a155 words
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Article92 1987-03-24 1 Reuter PHILIPPINE Trade Minister Jose Concepcion bitterly attacked the European Community yesterday and demanded that developing countries be allowed to keep their share of world trade markets. Mr Concepcion singled out the EC's decision to continue imposing levies on vegetable oils for spe- ciaiReuter - 92 words
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Article, Illustration484 1987-03-24 1 MONICA GWEE - By MONICA GWEE IN A DECISION guaranteed to surprise, McDonald's Singapore has appointed Dailey, Naidu Chan (DNC) as its new advertising agency. The McDonald's decision is bound to raise eye-brows in advertising circles which had tipped Leo Burnett as the hot favourite, given the agency's experience484 words
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Page 1 Advertisements
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Advertisement61 1987-03-24 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Contest cards are tail f° unc ns cle 131 every box of yL| leads. Simply 'scratch' for your prize. (Prizes must g, 8 be claimed by 31stMarch 87^ ,—o" e< J u »H>e woa V S iSSO° PIUS boX !f >eadS I -X HARDEST61 words
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Advertisement240 1987-03-24 1 ?='_.[/">{(*!'%_:,'[>}:~[-/({|$ 8m Pag* t OUR VIEW THE PROBLEM with the advertising industry is that too many hands are reaching for a very small pie. The solution must lie in the free play of market forces. Meanwhile, the industry body has a role in educating dients about how best to use240 words
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Advertisement263 1987-03-24 1 ~/])_\`=/~[<<$,'[&.>')(:@/(*`-$ DON'T LET THE INITIAL iOlm PUSH HOME OWNERSHIP Cm We offer home loans without you having to come up with the usual 10% downpayment. Hongkongßank also offers other attractive features: 100% financing (on the valuation or purchase price, whichever is lower) together with CPF savings Quick processing allows for263 words
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Advertisement15 1987-03-24 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM See Page is for rasuite of ttte three compaalsa15 words
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HOME NEWS
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Article, Illustration523 1987-03-24 2 GOH YEE LING - By GOH YEE LING THE SINGAPORE Chinese Chamber of Commerce and Industry (SCCCI) has initiated historic links with the Singapore Malay Chamber of Commerce (SMCC) in an all-out effort to advance economic and social cooperation between the Republic's two largest racial groups. The SCCCI523 words
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Article, Illustration407 1987-03-24 2 MARTIN SOONG - By MARTIN SOONG A NEW ERA in air defence has begun for Singapore following the delivery last week of the Republic's first two airborne early warning (AEW) aircraft. The two Qrumman E-2C Hawkeye aircraft will be used by the Republic .of407 words
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204 1987-03-24 2 CONSTRUCTION of Tanglin Par*, a City Developments condominium project, has started with the first units expected to be completed in early 1969. The $46.5 million main construction contract was signed yesterday between City Oev and Korean contractors, Ssangyong Construction. The project, at the204 words
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346 1987-03-24 2 PETER JANSSEN - From PETER JANSSEN In Bangkok THE SUCCESS of Defence Asia 87, the first international arms exhibition to be held in Thailand, has inspired the show's organiser to plan similar arms exhibitions in Bangkok in 1900 and 1900. It is also considering a similar defence exhibition346 words
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126 1987-03-24 2 TWO LIGHT PLANES took off yesterday at the start of a Singapore-to-New Zealand air race, which organisers have dubbed "The Last Great Air Race". The winner will receive a top prize of US$lO,OOO and a World War I Tiger Moth aircraft worth about US$2O,OOO.126 words
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187 1987-03-24 2 AN INTERNATIONAL seminar on "Transportation engineering and management for developing countries" will be held from April 2325 at the Pan Pacific Hotel. About 150 delegates from 20 countries are expected to attend the seminar jointly organised by the Nanyang Technological Institute and the187 words
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211 1987-03-24 2 A JAPANESE EXPERT in print technology will be visiting Singapore for a week, starting Monday, to share his knowledge and skills with six local companies. He is Mr Ryoji Kamano, 54, guest professor of the Jspsn Association of Graphic Arts Technology (JAGAT). Mr Kamano,211 words
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266 1987-03-24 2 IN A 810 to attract mora merchants to aall their products overseas, organisers of what is probably the moat popular national fair in China are promoting the exhibition in Singapore for the first time. Promoters for the Guangzhou Trade Fair, led by266 words
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Page 2 Advertisements
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Advertisement185 1987-03-24 2 SEC UNLEASH THE POWER TO BE YOUR BEST. < JT A .y x When you select Business Computers as your partner in your computerisation programme, you take on a dedicated commitment from one of the largest computer companies in Singapore today. A commitment that offers you the most advanced data185 words
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YESTERDAY IN PARLIAMENT
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382 1987-03-24 3 THE COMMUNITY APPROACH to crime fighting has been successful and it will be adopted by the police as the cornerstone of a three-pronged enforcement and crime prevention strategy in the coming year, Professor S Jayakumar said yesterday. Replying to Mr Bernard382 words
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Article250 1987-03-24 3 Seminars and courses DURATION Apr 4-11 Apr 6 Apr 6 Apr 6-7 Apr 6-7 Apr 6-8 Apr 6-8 1 Apr 6-8 TITLE Public Relations for the Construction Industry Section leader Course Certificate in Management Services Data Communications Financial Analysis for Managers Selling to Retailers Sales Leadership by Objectives Part250 words
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498 1987-03-24 3 IT IS A MAJOR concern of the government that operations to be privatised continue to be run efficiently after privatisation. The Finance Minister, Dr Richard Hu, replying to points raised by Dr Ow Chin Hock (Leng Kee), reassured Parliament that government498 words
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140 1987-03-24 3 TELECOMS will review tariff rates for telepac and telefax services for financial year 1967/88. Dr Yeo Ning Hong said. The Communications and Information Minister said Telecoms would continually review its tariff rates. Cost savings made through economies of scale, productivity gains and technological advances140 words
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404 1987-03-24 3 THE LEVY on new Malaysian workers, and the Central Provident Fund were the two main points raised when the House began debate on the Labour Ministry estimates. Kicking off the debate in the afternoon was Mr Lim Boon Heng, chairman of the Government404 words
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IN BRIEF ...
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Article, Illustration146 1987-03-24 3 is considering forming a permanent committee to oversee the integration of bus and train services with the Mass Rapid Transit coming into operation in November, Dr Yeo Ning Hong said. If formed, such a committee may also have public representation. But the current priority was for the MRT146 words
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Article66 1987-03-24 3 worth about $2 billion have been awarded to 33 joint ventures between local and foreign contractors. The Communications and Information Minister, Dr Yeo Ning Hong, said the joint ventures had resulted in transfer of technology to the local partners. This was evident in local technicians and professionals being66 words
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Article63 1987-03-24 3 will continue, when requested, to give information to government departments about former criminals whom they are considering employing. The Home Affairs Minister, Professor SJayakumar, said that with the information given, it was up to the government departments to decide whether the former criminals were suitable for63 words
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Article66 1987-03-24 3 of statutory boards would be car- ried out with care, Dr Yeo Ning Hong told Dr Arthur Beng (Fengshan) who considered them "national assets". Whether privatisation of the MRTC could be delayed would depend on the outcome of the viability study now being done, he said. Dr Beng was66 words
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Article87 1987-03-24 3 (Potong Pasir), who accused a "senior journalist who is now a sub-editor" for not exercising his professional judgement, was challenged to repeat the statement outside Parliament. Dr Yeo Ning Hong said Mr Chiam could attack the press and government in general, but when it came to87 words
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Article57 1987-03-24 3 is projected to be about one per cent in 1987 because of higher prices expected for primary commodities and oil, Brigadier-General (Res) Lee Hsien Loong said. The Trade and Industry Minister said the consumer price index dropped to 1.4 per cent in 1986 due to the lower cost of57 words
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Article88 1987-03-24 3 who are satisfied with the perfor- mance of national servicemen in the Construction Brigade can pay them more than the stipulated allowance. Mr Chin Harn Tong, senior parliamentary secretary in the Home Affairs Ministry, said it was important for supervisors to motivate these national servicemen. Since the scheme was88 words
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Page 3 Advertisements
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Advertisement207 1987-03-24 3 CREDIT PLUS A new revolving line of credit. m I>* J> Just what you'd expect from Singapore's leading finance group. What Is Credit Plus? With just one application you have a revolving line of credit available for use anytime (today, tomorrow, next month, next year), for anything. Whether it's an207 words
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Advertisement98 1987-03-24 3 Commercial FOR SALE By tender on 2 April 1987. Dunn House Cecil Street, Singapore. 4 -> This fine 1979 built detached 16 storey office building is situated close to the prime Raffles Place Financial District. Tenure 999 year leasehold Total Net Floor Area: 47,058 square feet Site Area 8,564 square98 words
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Page 4 Advertisements
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Advertisement327 1987-03-24 4 Actual size 29.5 x 28 x 8 cm Good ideas keep coming up n h ■as r a; i. -W.- m life Jk,, asm f IS m B i; T i r 1 r m I m m K m >.==• ■:x jrf! V^ r-: i a;: 1 -n ar327 words
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ASIA-PACIFIC
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411 1987-03-24 5 Sabah claim will be settled before summit report Bernama THE LONG-STANDING territorial dispute between the Philippines and Malaysia over Sabah will be finally resolved before the summit meeting in December of the Association of South-east Asian Nations (Asean), the Manila Bulletin reported yesterday. Quoting an official in the Department ofBernama - 411 words
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220 1987-03-24 5 Bernama ALTHOUGH the electronics industry in Malaysia has become a major industrial sector with a combined salee value of M 16.3 billion, there is a lack of linkage between them and industries outside the Free Trade Zones. Expressing his concern over thisBernama - 220 words
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Article, Illustration810 1987-03-24 5 Economic statistics and anecdotal evidence point to optimism NYT AFTER three years of painful and destabilising recession, the Philippine economy is showing signs of recovery, perhaps even an impending boom, economists and diplomats in Manila say. So far, it is only a thaw inNYT - 810 words
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Article897 1987-03-24 5 ARRIVALS Operator Sarvio* Local From number Mm* ;ua UA805 0100 SFO/HKG tCAL 0341 0155 TP€ •CAL 0337 0215 TPE :FT FT75 0316 UH/OCO/ANC/ NKT/MNL/TPE sv SV398 0710 JED/MJH •MAS MH681 0820 KUL 'MAS MH811 0910 PB4 .MAS MH671 0920 KUL SU SQ103 0950 KUL AC AC858 0950897 words
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163 1987-03-24 5 AFP THE NUMBER of foreign tourists visiting Nepal rose by mors than 24 par cant in 1986. and the amount of money they spsnt thsrs ross by 19.2 per cent The Tourism Ministry in Kathmsndu said s total of 223,331 foreign touristsAFP - 163 words
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Article102 1987-03-24 5 AP FOREIGN TOURISTS visiting China increased by an average annual rate of 21.6 per cent from 1679 to 1966. the official Xinhua News Agency reported on Sunday. Xinhua said about 22.6 million people entered China in 1966, an increase of 28 per cent over the previous year.AP - 102 words
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Article83 1987-03-24 5 AP TRADE VOLUME between China and West Germany was U553.65 billion in 1966, up almost 19 per cent over the year before, the official Xinhua news agency reported on Sunday. China sold US$64O million worth of goods to West Germany in 1966, mostly produce, animal by-prod-ucts,AP - 83 words
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196 1987-03-24 5 UPI AUSTRALIAN federal officials have warned that they will block the sale of Great Barrier Reef islands to private developers and branded the decision to sell any of the world's longest coral reef as outrageous. "Any threat to the reef, either realUPI - 196 words
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Article, Illustration233 1987-03-24 5 Reuter AUSTRALIA'S political opposition was in turmoil yesterday after one of its key members was relegated to the beck bench in Parliament over a bitter leadership squabble. Liberal Party stalwart Andrew Peacock, a former foreign minister, was sacked from theReuter - 233 words
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277 1987-03-24 5 NYT APPARENTLY in an experiment at more open relations with the West. North Korea is cautiously opening its doors to Australians. North Korea, one of the most reclusive countries in the world, has asked a few carefully selected travel agenciea in Auatralia toNYT - 277 words
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Page 5 Advertisements
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Advertisement66 1987-03-24 5 T I I A/ I The business person's choice, every I I II I I ll H\ I Tuesday, Soturdoy and Sunday. I M VI I II V Leaving Changi Airport at 22:05 I A. /.L I S V J±- hours and arriving Heathrow ot 06:45 hours the following morning.66 words
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Advertisement166 1987-03-24 5 With 700 luxurious rooms and suites each overlooking the Qiao Phraya River, the Shangri-La is truly a city resort in the heart of Bangkok. Set amidst beautiful landscaped gardens, it offers an extensive range of leisure g Shanari La hotel activities as well of course, as the standards of personal166 words
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REST OF THE WORLD
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520 1987-03-24 6 AP AMERICA'S trade woes are moving into the spotlight this week as House committees push ahead with a "first step" in attacking the record US$l7O billion deficit in world markets. Sponsors of legislation now being drafted make no claims that it willAP - 520 words
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Article, Illustration318 1987-03-24 6 Reuter US TREASURY Secretary Jamas Baker has said imbalances in the world economy could not be resolved solely through stabilised exchange rates but required urgent action to reduce international trade barriers. In an interview with Britain's Channel 4 commercial television on Sunday, Mr BakerReuter - 318 words
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204 1987-03-24 6 AFP BRITISH Prime Minister Margaret Thatcher left London yesterday for talks on disarmament and European security with French President Francois Mitterrand and West German Chancellor Helmut Kohl before making an official visit to Moscow on Saturday. Mrs Thatcher was to meet MrAFP - 204 words
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569 1987-03-24 6 AP PRESSURE to adopt a broader interpretation of the 1972 antiballistic missile treaty is coming from the White House, not the "Star Wars" scientists, a senior project official says. "I don't think it's fair to say that there is a greatAP - 569 words
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Article, Illustration407 1987-03-24 6 UPI CHANGES in the Soviet position at the Geneva arms talks are drawing the superpowers closer to an agreement on mediumrange nuclear missiles and a summit this year, White House Chief of Staff Howard Baker said on Sunday. Taking the White House a stepUPI - 407 words
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Article465 1987-03-24 6 UPI THE 500 most charitable American corporations contributed US$l.76 billion to education, welfare and the arts in 1965, 52 per cent more than they gave two years earlier, a new research report discloses. The study shows that giving averaged US$4 million, or 1.79 per cent ofUPI - 465 words
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287 1987-03-24 6 Reuter BUNDESBANK vice-presi-dent Helmut Schlesinger has said that although West German economic growth was not expected to be satisfactory in the first 1967 quarter. 2 per cent growth was still attainable for the whole of the year. A further rise in theReuter - 287 words
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Page 6 Advertisements
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Advertisement292 1987-03-24 6 i WAREHOUSING? \jr\\■ thinlr that tho If you think that the cost of warehousing is measured only in dollars and cents per square metre, think again. Factors like distance from the wharves, transportation charges, insurance and security are involved, too. Which is why a 'cheap' warehouse could probably cost more292 words
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Advertisement202 1987-03-24 6 INVESTING IN SESDAQ SHARES? Ncw market system J A f I p r?-«irs.g ajsas ix- li> gSg*jsr«? 3~38.~ jz T-~« m ss 4; 5-1 sysrjur s~=srJ£: ?r?r£ 3 5- 1 s££~-j£r H Z—« *7J. ~V?"2S"~ g -W-~. T~ »rfm r' in<—» »< am 'zz*»■ tz£*z ssjss* tr-«*"sru; -*> s2£ss--~' sr.202 words
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Page 6 Miscellaneous
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Miscellaneous93 1987-03-24 6 Doonesbury AF&UUVESAFTERW INCARNATION ASA HmTTB CONCUBINE, IBECAME A i FRESCO PAINTER IN THE M/NOAN PALACE AT jC ZAKRO.m n sm r AH</ TTMASMYFIRSTUFEIN THE FAST LANE. lUJASA COURT FAWRITE, ANPMAPE OUT UKB A BANPfT UNTIL WE ALL PtEPPURJNG THE r ERUPTION OF THERA. cT r±jr& im W 1 w BY93 words
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Page 7 Advertisements
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Advertisement200 1987-03-24 7 2138 PEOPLE HAVE GONE EPSON-MINDED. BBP! UK QBH PPQfIN a^ter our 500 cam P a *8 n was launched 3 months ago, an unusual phenomenon developed. 2138 computer enthusiasts (we believe the number is still increasing) reported sensations of pleasure and satisfaction. Both from H ingenious versatility of our machines200 words
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FEATURES
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Article496 1987-03-24 8 IT IS A CASE of an industry protesting too much over a problem it created for itself. Advertising agencies are yet again squabbling over whether those involved in a competitive pitch should be paid a $5,000 presentation fee by the client. This is in fact496 words
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Article, Illustration1345 1987-03-24 8 FLORENCE CHONG - South Australia now boasts one of the fastest-growing technology parks in the world. Opened in 1983, the park has become the focal development of the state in terms of its high value-added products. Lynn Arnold, South Australia's Minister for State1,345 words
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Article1182 1987-03-24 8 NAJEEB JARHOM - Viewpoint By NAJEEB JARHOM IT IS IRONIC that just months after he led the United Malays National Organisation and the National Front to a resounding victory in the Malaysian general elections, Prime Minister and Umno president Datuk Seri Or Mahathir Mohamad should find himself in danger of1,182 words
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Page 8 Advertisements
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Advertisement41 1987-03-24 8 M onagers ust anage BT shows you how every Monday. mmm-m m ■Mm iPTs V 34 «K mm i 4 'I'-, r „> ,i- ctr I •3 m t-r S iw M9MS V. r nil! Jt M* r* f sm w&m N41 words
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Page 8 Miscellaneous
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Miscellaneous698 1987-03-24 8 J H 4 J CHYPTIC PUZZLE ACROSS 3 Old Salisbury, rum as can bs (5) 8 Tha monay In muaic? (5) 10 ApologaMc for Bta sauca about a car (5) 11 Biblical cMh contra (3) 12 Flgura to sat In ffw bar (5) 13 Timbar with which to work at698 words
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SPORTS
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Article, Illustration455 1987-03-24 9 UPI CHRIS EVERT LLOYD won 14 of the first 16 points on Sunday and routed Pam Shriver 6-1, 6-3 to win the U*****,000 Virginia Slims of Dallas, her first tournament victory since knee injury. "I wanted to get a tournament win under my belt," saidUPI - 455 words
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298 1987-03-24 9 AFP Reuter AUSTRALIAN OPEN champion Stefan Edberg stopped the John McEnroe revival wagon in its tracks in Rotterdam on Sunday with his second victory of the season. Edberg, 22, has never beaten the deposed world number one in five previous encounters andAFP; Reuter - 298 words
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628 1987-03-24 9 AP A YEAR AND A HALF before the 1988 summer Olympics, South Korea is busily preparing for a spectacle it hopes will show the world a nation in the midst of an economic transformation. "Next year, with the '88 Games, weAP - 628 words
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264 1987-03-24 9 UPI BEN CRENSHAW rebounded from a shaky start with four birdies on the front nine last Sunday to card a 5-under-par 67 and gain a three-shot victory in the US$5OO,OOO USF&G Classic in New Orleans. Crenshaw, winner of 13 PGA titles includingUPI - 264 words
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236 1987-03-24 9 AP BETSY KING rallied from six strokes back to defeat Jan Stephenson on Sunday by one shot and win the US$2OO,OOO LPGA Tucson Open. King, twice a runner-up at the Tucson Open after second-place finishes in 1965 and 1966, pulled ahead of StephensonAP - 236 words
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Article, Illustration420 1987-03-24 9 WALTON MORAIS - By WALTON MORAIS BUSINESS and pleasure become unlikely bedfellows at the Keppel Club on March 30 when 1986 Malaysian Open champion Stewart Ginn conducts a unique golf clinic for the business community The clinic, to be held a day after the Singapore Open,420 words
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170 1987-03-24 9 Reuter THE WORLD BOXING Association has voted to strip "Marvellous" Marvin Hagler of his middleweight title, in spite of an appeal from the champion's lawyer to postpone the decision. WBA executives and fight promoters gathered over the weekend in the Venezuelan city of MaracayReuter - 170 words
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Page 9 Advertisements
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Advertisement42 1987-03-24 9 X tJAKGEK-LECoultr^ <: i Moonphascs yvnts' motit'l In I :iegvr Ia 1 Coultre, \utomatic movement with complete calendai Available in SINGAPORE: Sincere Watch Pte Ltd Cortina Watch Centre Nanking Watch Tigress Changi Airport MALAYSIA: C.I.L. Cfntre Hilton Hotel Woo Hing Bros (M|Sdn Bhd42 words
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Page 9 Miscellaneous
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Miscellaneous1201 1987-03-24 9 ITiVlftWDlßlftlDlllO TUESDAY PREMIERE Outrage •10.30pm, Channel 5 This is the shocking but true story of how a father avenges his daughter's murder himself, when a legal loophole allows the killer to go free. Robert Preston (extreme right) is Dennis Riordan, the father who is willing to spend the rest of1,201 words
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Miscellaneous63 1987-03-24 9 Play gol£ the Sevvy way A &A& tVAy TO P**C77S£ 70 GO TO A AMP WTLOTS OF SAUS WTTH OA/LY OWE CLUB... 7 /X s\ P*4C7TS€ X /s no />/CK I UA ZOO wrr*/£4c# C£U&, **OM $AMP-W€PG€ 7T9 VAXY YOUX SHC7S}\ TKY AM& Wnr &GtfT7oe.€*7;c£Pr 72? AS/£> LOW— 7744T VMY63 words
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RAW MATERIALS
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465 1987-03-24 10 NYT SENIOR OFFICIALS of the Reagan Administration say the cost of siding farmers has become such a burden to so many countries that the US wants to push the problem to the top of the list of international sconomic issues to be negotisted thisNYT - 465 words
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Article269 1987-03-24 10 COFFEE Robusta futures were unchanged to £5 a tonne lower at vie end of yesterday's morning aeeeton. The market opened eaaier, with near May slipping to a low of £1,280 before rallying to a high of £1,265 on some short-covering. SUGAR Raw Mures were Just 20 US cente269 words
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Article133 1987-03-24 10 Chinese Produo Exchange Silm' noon doring prta m on Mardi 23 (S$/100 kg) Coconut oil Mk rot f49<> Otd drum FOB 96M N*w druM POt ioojoo Copra mum voomi Mm Mton PO> >*W_ 1117JO rotta^Niw 117X90 Ma* FOt NIW ***** twii Ma btodi FO» NIW 1067SO 'FOTASNNKW 1052JO133 words
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Article99 1987-03-24 10 OIL PRODUCTS EAST ASIAN petroleum products were mixed yesterday with naphtha and low sulphur waxy residue quoted firmer on forward demand but gasoil and Kerosene slightly weaker. Fuel oil was unchanged with buyers and sellers at a stand-off in Singapore. Closing prices for crude (FOB origin) US$/barrel Change Dubai (May)99 words
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Article187 1987-03-24 10 MALAYSIAN crude palm oil prices cloeed lower yesterday on light telling and reserve of buyers, prompted by easiness in palm oil futures and a weaker Chicago soyoil futures close last Trading was thin as operators adopted a cautious attitude in the absence of fresh developments. March deliveries in187 words
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Article64 1987-03-24 10 Bangkok Broken Rice A-1 Super A-l Spsdol 146 143 (USS/tom, rot) White Rice C-l SfMcW C-1 Ord «nq unq 100% 1* daw 100% 2nd doa 251 228 Loonzain Rice 100% 3rd daw 223 100% lit grod* 100% 2nd grade ■■q 222 s% 213 100% 3rd grod* unq b* 20664 words
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Article365 1987-03-24 10 SINGAPORE The market cloeed higher yesterday with April One RSS buyers quoted at 194.00 cents a kg, up 1.50 cents from last Friday. The morning session gained 1.50 cents on some speculative buying and trade short-covering of nearby position in thin trading. Prices were little changed from lunch-time levels365 words
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Article87 1987-03-24 10 DC PMCE el fln on «M Keels Lumpur Tin Merint M11C.70 e kg jnHHsy. extsndbig lest Friday's lever •nywe ware only w«MMy el last wears dosing prtoe el Mflf.7t. wMte tar tsar aI e ferthsr Mi in priose. Whs* 1m pries M Lml Friday'» tsrnsvsr87 words
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Article84 1987-03-24 10 1 i pain) APRIL 87 MAY 87 (eurranr month} (forwor d monltO NOON NOON RAS •wjran Mm by«n S4m ssa ao 164.00 1700QN 16*.00 ITOJOON sst 50 167.00 16XOON 147M IMAM MRELB ly^m Salan •v)Ml Mbn SMI cv 7*7 XX) 249.00N 24X00 *****N SMK L 24 J.5084 words
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Article252 1987-03-24 10 RAS prices into nM|i FO NOON CLOSE tat 1 KS friwp* PrflU 195J0 196J0N ■vjwn 195 JO 196J0N tar 1 KSS April 17 194jOO 194J0 194XX) 194JO tat 1 RSS May 191.00 191 JO 191J00 191 JO tat 2 RSS Of 179 XX) ItlXKM 179.00 ItlXMN tar252 words
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Page 10 Advertisements
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Advertisement355 1987-03-24 10 i Wtere to wlae, > and esiertala Pi It's the NEU FACES. Fresh from their European tour. 1 hi' Nf II lAO S Vi'tfi.ir ..r Iu r .r,i< miisici.jns Rock ii Roll lop Ni"A Wavv eveHlentK perlorrnti] tor hi hh entertainment Nightlv euept Suri(l.«\s thi' Alcove t oun»c where thi*355 words
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Advertisement131 1987-03-24 10 Wfe earnestly suggest you take afternoon refuge in our $4.50, one price menu of 24 lo<»l and western favourites. All at hawker prices in air-conditioned comfort from 3 pm to 6 pm daily. The minute you feel the rumbles, head for shelter here. (All prices subject to 10* Service Chaise131 words
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ASIAN STOCKS
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Article318 1987-03-24 11 HONGKONG: Share prices yesterday closed sharply higher on a favourable response to Hongkong Land's weekend announcement of details to spin off its Mandarin Oriental hotels operations. The Hang Seng Index gained 32.85 points to end at 2,813-40 and the Hongkong Index was up 21.90 at 1,808.07. Turnover rose to318 words
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Article221 1987-03-24 11 MAR a All Sinew* Indus Asia Camant Cathay Con* Uu|A DM|>L on«ng nwi MnK NTS 3.19 36.80 .46.80 70.50 0.1 0.3 -as 5.5 Kuochan Dav Laa Chang Yuan Cham Indua Han Hwa Indua Nan Ya Plaa Pacific Cona ..31.10 .33.80 22.90 36.00 31.80 0.4 0.5 0.4 0.5 -0.1 rkia221 words
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Article460 1987-03-24 11 TOKYO: Shares yesterday closed lower in heavy trade after investors grew cautious about the market's morning rally amid fears that stock exchange authorities may try to cool down the market spread. The market average fell 69.42 to 21,588.25 but earlier had risen as high as 21,888.31, a record. Last460 words
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Article69 1987-03-24 11 I MAR a Aco)« Mining. Anglo Phil +h u |U|[ Oriental B Phil Oviiii— Phllax B 0026 0039 000 •0.001 Ptcop B Ap «x Mining B 0.045 0.002 PLOT 287 50 Atlas Con. B 20.50 0.5 Baguio Qotd San Mlguat a 119 unch BmIc Patrolaonv... 0.012 unch 27 Banguot69 words
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Article440 1987-03-24 11 SYDNEY: Australian share markets yesterday closed at record levels but off early highs as strong support for gold and mining stocks offset profit-taking among key industrial issues. Profit-takers entered the market midway through morning trading after a strong performance on Wall Street, firm bullion prices and takeover speculation surrounding440 words
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Article120 1987-03-24 11 MAN as >#• Kal 1880 >320 Kangwon Ind Kia Motor ***** -10 Chail Sugar 3143 >53 ISM >38 Daalim Ind 752 62 4080 D—woo Corp Daewoo Haavy Oatshin Sacurtttaa. 1006 1403 3000 >35 >72 >140 Koraa Long Tarm... Lucky LM ...2480 1530 ***** ***** -10 >88 >4810 >980 Dong120 words
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Article152 1987-03-24 11 Reuter BANGKOK: The Stock Exchange of Thailand Index rose 1.80 to 225.84 on a turnover of 1,838,302 shares worth 320.9 million baht. Reuter .1 MAM 23 BANT 1Saha Union ...214 SlgfTi Ciwunt 643 -12 Ayudhya InvNtmint. Bangkok Agro-lnd 278 74 6 0.5 Siam Ctty Camant Slam Commarctai -600 16Reuter - 152 words
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Article64 1987-03-24 11 Reuter CHUANG's Consortium Ltd, a Hongkong listed diversified investment firm, yesterday said it planned to raise HK$56 million by a one-for-two rights issue with warrants. Shareholders will be offered one new share at 50 cents together with two free warrants for every two shares. The warrantsReuter - 64 words
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624 1987-03-24 11 NYT THE SAN MIGUEL CORP. by far the largest concern in the Philippines, is a company with an identity crisis. No one knows who owns it. Its former chairman is in exile, and the government has sequestered more than half of itsNYT - 624 words
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241 1987-03-24 11 Reuter ARIADNE GROUP unit Barwoo. Farmlands Ltd has confirmed that iX* offered 3.8 billion pesos in cash for the 38 million shares of Philippine* brewing company San Miguel Corp. The Australia-based Barwon, 3Q~, per cent owned by New Zealandec c Bruce Judge's Ariadne Group,Reuter - 241 words
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Page 11 Advertisements
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Advertisement588 1987-03-24 11 V, ii Wiier« to wiac* dine «uiu estertaln Start of A 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 half588 words
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Advertisement96 1987-03-24 11 TTTTTWTr. y.v Piking 4 Sichuan Rmstmurmnt HOKKIEN-PORRIDGE UgWi DINNER/SUPPER Buffet Style Choose from more than 20 appetizing dishes. Eat all you can for only $7 Qo++ Dinner/Supper Time: 7pm s U.v tT* >■ rr *0 A 19 CairnhHl Orel*. Singapore 0922 Tel: *****98, *****22 ext 141/144 pr-"3 *gpeeud For all96 words
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BANKING AND FINANCE
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Article647 1987-03-24 12 Investors turning to equity markets in Europe and US Reuter THE US DOLLAR'S recent uninspiring performance on the foreign exchanges has sharply limited turnover on the EurodolIptr bond market, according to traders and analysts in London. Both secondary trade and new issue volume haveReuter - 647 words
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333 1987-03-24 12 AP LATIN AMERICA is incurring a "social debt" of falling private incomes and unmet social needs as it struggles to keep up payments on loans from other nations. According to an Inter American Development Bank study, austerity programmes aimed at cutting the region'sAP - 333 words
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Article65 1987-03-24 12 Reuter US TREASURY Secretary James Baker said on Sunday any attempt to declare across-the-board debt forgiveness for Latin American debtor nations might damage the world economy. Mr Baker also criticised short-term debt relief, calling it a "dramatic, overnight solution". He said: "While these ideas may beReuter - 65 words
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399 1987-03-24 12 ALVIN TAY - By ALVIN TAY Banking Correspondent NATIONAL DISCOUNT Company Ltd, which was made a whollyowned subsidiary of DBS Bank in August last year, has given its parent another booet this time in terms of a doubling in af-ter-tax profits to $8.6 million for399 words
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MONEY AND EXCHANGES
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Article604 1987-03-24 12 SINGAPORE: The US dollar dropped further yesterday against major currencies on Asian and European selling in moderate trading. Sentiment towards the dollar was bearish but Japanese operators were afraid to push the dollar below 150.00 yen on fears the Bank of Japan might intervene. The dollar fell to604 words
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Article228 1987-03-24 12 Interbank rates at 3pm yesterday: CtfmnciM nominal nlH M Ohr •MM part* local dolla n to on* unit of foroign curroncyi US dolor 2.1400 2.1410 ***** -24.10 SurBnq pou id 3.4357 ***** ***** •53.24 Amtiolun 6< >lar 1.4491 1.4719 ***** -57.15 NZ dolor 1.2026 1.2053 ***** •64.92 Canadian228 words
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Article, Illustration175 1987-03-24 12 Indicates *M mrag« of tha prim# lending rate* of 12 ma|or banks In Singapore Interbank market rates (offer/bid) on March 23 us$ DM SWFC Y«n 7 tep 13 ■*> 7 3/1* 1/1* *1/3 3/* 7/1* S/l* 7/1* J/l* */1* 7/1* 10 1/4 10 IJ/U 13/1* J/0 1/3175 words
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Article297 1987-03-24 12 Asian market ASIAN DOLLAR depoeit rates cloeed little changed yesterday from opening levels, after a day of generally quiet trading. Most operators were sidelined due to the absence of fresh factors. The market is now awaiting for more US economic data due, including February durable goods orders and consumer price297 words
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Article202 1987-03-24 12 HONQItONQThe metal cloeed higher isaterdaj against a weakening US dollar. Bullion ended at U*****.40/60 an ounce against an initial U*****.6(y406.90. On ths local msrket. gold finished HK$6 higher at HK53.763 a tael. Maple Leaf also gained HK$6 to HK53.285 but Krugerrand was off HK$lO at HK53.170. TOKYO: Futures202 words
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Article71 1987-03-24 12 THE OVERNIGHT rate on the Singapore interbank market fell by 5/8 point from last Friday to end at 7/8 per cent yesterday. The one-month term rate lost 1/8 point while the two and three-month rates fell by 1/16 point each. S$ Interbank rates at 7pm yesterday: Offer M71 words
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Article577 1987-03-24 12 BA Futures JUNE EirodoMw yesterday opened one tick lower then lest Friday's close et 93.56 end continued to eese off slightly to 93.54 on concern of e shift of investment due to e weakening US dollar aheed of the upcoming US mini-refunding auction. Trading was thin and quiet withBA Futures - 577 words
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Page 12 Advertisements
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Advertisement426 1987-03-24 12 NOTICES NOTICE 6 HEREBY GIVEN tat at an tmaoranary benerai MBcong or TRANSMARCO COMMUNICffION SEfMCES PTE IJD duly coremed and MM at 36 Robinson Road. ifcOMB City House, Singapore 0106 on 20f) March 1987 ta fefeMing resoiulons were duly passed as. SPECIAL RESOLUTION that fa Company be wound up MM426 words
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Advertisement470 1987-03-24 12 IN THK MATTER OF THE COMPANIES ACT, CAP. 118 AND IN THE MATTES OF DELFI HAIR STUDIO PTE LTD flu Voluntary MEMBERS' VOLUNTARY At an Extraordinary General Meeting of the Members of DELFI HAIR STUDIO PTE LTD, daly convened and beld at 1 North Bridge Road, #1907/08 High Street Centre,470 words
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Advertisement279 1987-03-24 12 THE COMPANIES ACT (CAP. 188) LEE SAY COMPANY (PRIVATE) LIMITED (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of LEE SAY COMPANY (PRIVATE) LIMITED duly convened and held at 2.30pm on the 18 March '87 the following special resolution wss duly passed. "That the company be wound279 words
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SHARE INFORMATION
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Article, Illustration4304 1987-03-24 13 PROFIT-TAKING towards the close ot the day erased much of the earlier gains made in Singapore stock market yesterday. The market closed off its day's best levels with losers outnumbering gainers by a wide margin of 116 to 65. The Straits4,304 words
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Article206 1987-03-24 13 SINGAPORE Riw« ln^_ JJ *lV IT CaapadM 931.29 »JIM ?L* '*> it ot os -i79 -M4 W '010 +23 BTCAO -6275 -6MI P?* +20 ITOtV +*****3 +404*43 IS-STL.** !w ST MaaMoti >051.93 10*1.09 ZZ?,**.* 0 fS STIWc. 243*7$ 2441-4* 1 &S|h *2 U t SlHMk **3.42 **342206 words
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Article4000 1987-03-24 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".4,000 words
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Article79 1987-03-24 13 GENERAL SECURITES W vestments Limited: 12th AGM in the Function Room* of The Development Bank of Singapore Ltd, 45th Sto-. rey. DBS Building, 6 Sherv, ton Way, Singapore 0106. v on Friday, March 27, -mi. 11am. VAN DER WORST Limited: 13th AGM at 11 Pandkif,' Crescent, Singapore 0512.179 words
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Page 13 Advertisements
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Advertisement10 1987-03-24 13 KL market report, Business done on the KLSE, Page 1410 words
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COMPANY NEWS
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Article, Illustration500 1987-03-24 14 AMY CHEOK - A very satisfactory first year, says chairman By AMY CHEOK DBS SECURITIES SINGAPORE, the stockbroking arm of DBS Bank, completed its first year of operations on a "very satisfactory" note, according to the company chairman Mibhael Wee. For the financial year to500 words
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266 1987-03-24 14 MBT THE LION GROUP, whose whol-ly-owned subsidiary Natvest operates the Yuyi Baru chain of supermarkets, is eyeing some of the better-located outlets of Emporium Holdings, according to industry sources. They added that one of the outlets which interests the Lion group was the SelangorMBT - 266 words
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506 1987-03-24 14 THE Kuala Lumpur stock market finished easier scross the board in quiet trading yesterday as investors either liquidated their positions or kept to the sidelines. Singapore-based stocks were, however, traded against the softer bias. Cases in point were DBS which surged 70 cents to506 words
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549 1987-03-24 14 Bernama ES UNITED Malayan Flour Mills Bhd, saying its proposed acquisition of 1.4 million shares or 10 per cent interest in Benta Plantations Bhd for M 510.51 million cash is in its shareholders' best interest, has asked them to approve theBernama ES - 549 words
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117 1987-03-24 14 Bernama ES BATA (M) BHD. Malaysia's leading shoe manufacturer, chalked up a turnover of M 591.53 million last year surpassing for the first time in its SO years of operation in the country the Ms9o million mark despite the general economic slowdown. TheBernama ES - 117 words
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340 1987-03-24 14 MBT CARLSBERG Brewery Malaysia will find it difficult to maintain current year earnings at 1986 levels unless the Malaysian economy begins to improve soon, chairman Svend Nisted says in the company's latest annual report. According to him, the comprehensive cost savingsMBT - 340 words
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Article118 1987-03-24 14 HONGKONG Hongkong Index Monday 1806 07 Friday 1784 17 Week ogo 1708 31 Hang Song Index Monday 2813 40 Friday *****6 Week ago 2669 57 All Industrials Monday 2574.5 Friday 2578.2 Week ogo 2567 0 NEW YORK Dow Jones Friday *****2* Thursday *****7 Week ago 2258 66 TOKYO118 words
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Article241 1987-03-24 14 Monogers' prices MARA-Bumiputra for March 24 First B'putro 598 603 Singapore Unit Trust Tho CooMwrc* 102 Second B'putro 512 517* 1 10 Third B'putro Fourth B'putro Filth B'putro Surth B'putro Seventh B'putro IAI 422 477 318 427 482 323 Tho Savings Fund 089 096" 326 331 S'por* Prog241 words
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Article2873 1987-03-24 14 810 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 of 1,000 units unless otherwise specified. INDUSTRIALS Acmo <***** Afnamato 130*8 3305) Alax Htdg I—4 Alcorn2,873 words
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Article, Illustration534 1987-03-24 15 NAJEEB JARHOM - By NAJEEB JARHOM NATIONAL IRON Steel Mills has returned to the profit growth path with a vengeance after three years of lower earnings. Confounding all expectations, the diversified steel-based group chalked up a staggering 324.5 per cent rise in consolidated pre-tax profits534 words
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236 1987-03-24 15 LISA LEE - By LISA LEE KEPPEL Corporation Ltd's US$6O million (about $129 million) convertible bond issue will be lead-managed by Morgan Grenfell Co Ltd, together with Oaiwa Singapore Co Ltd and Morgan Grenfell (Asia) Ltd. Although the final terms for the issue will only be fixed on236 words
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Article90 1987-03-24 15 KESANG CORP Bhd incurred a group pre-tax loss of Msl.oB million for the six months ended Dec 31, 1966, compared with a profit of M 572,000 in the previous corresponding period. Turnover stood at M 55.49 million, almost halved from M 510.83 million for the previous period. After90 words
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Article, Illustration754 1987-03-24 15 AMY CHEOK - By AMY CHEOK UNITED INDUSTRIAL Corporation, a group highly active in international investments, has announced a one-for-two bonus issue as a sweetener to its wide-ly-expected impressive results. The group's one-for-two bonus, its first since 1981, will raise UlC's existing issued capital from754 words
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195 1987-03-24 15 BUILDING MATERIALS manufacturer CI Holdings Bhd has reported a small 1.2 per cent rise in group aftsr-tax profit to M 51.73 million in the half-year ended Dec 31, 1966. The improvement came in spite of a sharp rise in interest expense incurred on195 words
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495 1987-03-24 15 Bernama ES TWO PRO-TEM committees of creditors of the beleaguered Emporium Supermarket Holdings Bhd (ESHB) formally merged yesterday for the sake of a bigger say to protect their interests. Louis Sze, the chairman of a pro-tem committee of creditors formedBernama ES - 495 words
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Article255 1987-03-24 15 FEDERAL CABLES, Wire* 1 Metal Manufacturing Bhd has ask the stock exchange to suspend the counter today pending an announcement. GREAT EASTERN Ufa Assurance Co Ltd has been queried by the SES on whether its directors expect a change in profitability for the year ending Dec 31, 1987,255 words
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524 1987-03-24 15 ELAINE KOH - By ELAINE KOH NATIONAL shipping company Neptune Orient Lines sank deeper into the red last year, recording a group attributable loss of $60.09 million, despite optimistic forecasts at half-time that it could come close to reversing its losses by the end of524 words
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Page 14 Advertisements
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Advertisement143 1987-03-24 14 This announcement appears as a matter of record only. RSEA International Pte Ltd 5530,000,000 Note Issuance Facility unconditionally guaranteed by RET-SER Engineering Agency Fully Underwritten by The Bank of Canton, Ltd The Hank of Communications Co., Ltd Bankers Trust International (Asia) Limited Banque Indosuez BNP International Financial Services (Singapore) Limited143 words
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Advertisement10 1987-03-24 14 Creditor committees of Emporium merge for bigger •ey, Pege 1510 words
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Advertisement10 1987-03-24 14 'BUSINESS TIMES When we say business we mean just that10 words
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Page 15 Advertisements
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Advertisement58 1987-03-24 15 Canada The Canadian High Commission has received a fresh supply of Business Investor Kits. These kits describe the types of opportunities available (Investors, Entrepreneurs, Self-Employed) and outline all basic requirements. Kits are available to established business persons. Write in confidence to: Business Development Officer Canadian High Commission, Social Affairs Section,58 words
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Advertisement416 1987-03-24 15 r The Royal Bank of Scotland pic Incorporated in Scotland ■d OfVk*: 42 St. Andrew Square, Edinburgh, EH2 2YE. popore Branch: 6 Battery Road, #18-01, The Chartered Bank Building, Singapore 0104. The Royal Bank of Scotland pic and subsidiary companies Consolidated Profit And Lots Account For the year ended 30th416 words
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306 1987-03-24 16 LUCY NG - By LUCY NG THE BRUNEI HIGH COURT reduced bail yesterday for Chiew Sung Ching, a former signatory of the closed National Bank of Brunei (NBB) facing charges of cheating and abetting criminal breach of trust. The cut in bail means that Chiew, 43,306 words
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109 1987-03-24 16 Reuter AN INFLUENTIAL Jakarta newspaper yesterday urged visiting World Bank president Barber Conable to persuade the government of President Suharto towards further economic change. "Conable could do Indonesia a great service if he is straightforward enough to point his finger at shortcomings thatReuter - 109 words
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Article, Illustration603 1987-03-24 16 HOMER CHEN - Government companies to be sold at fair prices By HOMER CHEN WHILE BRITISH INVESTORS had made quick killings when British Telecoms was privatised, the same would not happen here, Trade and Industry Minister Brig-adier-General (Res) Lee Hsien Loong said yesterday. Government companies would be603 words
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330 1987-03-24 16 Bernama ES WHILE Asean always speaks out loud and clear against the walls of protectionism erected by the industrial nations, it should now start to dismantle its own economic nationalism, which is blocking the region's economic integration. In making this call to AseanBernama ES - 330 words
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289 1987-03-24 16 Bernama LABOUR UNREST associated with privatisation could seriously hamper most Asean countries' current development plans, according to the International Labour Organisation. Noting that Indonesia, Malaysia, the Philippines, Singapore and Thailand all had major privatisation programmes, it said that significantly, organised labour wasBernama - 289 words
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186 1987-03-24 16 Bernama ES THE MALAYSIAN Trade and Industry Ministry has approved 37 new manufacturing projects following the new investment guidelines announced last year. The ministry's secre-tary-general, Datuk Ahmad Sarji Abdul Hamid, said that these were among the increasing number of investment and reinvestment proposals forBernama ES - 186 words
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Article66 1987-03-24 16 Bernama A DECISION on whether to privatise Malaysia's National Electricity Board is likely to be made before the end of the year, Deputy Energy, Telecommunication and Posts Minister Datuk Haji Zainal Abidin Zin said yesterday. The government was studying the matter. Datuk Haji Zainal said a consultant appointedBernama - 66 words
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Article138 1987-03-24 16 AFP MACAU is to return to Chinese rule in 1999, Portugal's Ambassador to Beijing said yesterday after negotiators from both sides agreed to initial an accord on the handover. The two sides said in a joint communique in Beijing that the heads of the negotiating teamsAFP - 138 words
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563 1987-03-24 16 A REFRESHING VIEW of the protracted wars in Indochina was offered by Dr Goh Keng Swee yesterday at a public lecture in New York. There were, said the former First Deputy Prime Minister, two features which made the wars in Indochina563 words
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Article80 1987-03-24 16 Reuter COMEX gold futures went over last week's highs on buying by professionals yesterday morning, spurred by a weak dollar. Gold for delivery in April was' up US$2.4O at U*****.70 an ounce in a penetration of last Tuesday's high of U*****.00. Silver futures firmed on buyingReuter - 80 words
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Article69 1987-03-24 16 WALL STREET stock prices declined slightly yesterday as the market experienced a little bit of a hangover after the sharp run up last week. A dip in bond prices pressured interest sensitive issues somewhat. Blue chips attracted much of the market's attention. The Dow Jones Industrial Average69 words
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LATE FILE
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Article45 1987-03-24 16 UPI SOUTH KOREA'S economy grow by 12.5 por cent in reel terms during 1986, largely thanks to the high growth oil the manufacturing sector helped by brisk exports, the Bank of Korea said in an official provisional estimate yesterday. UPIUPI - 45 words
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Article39 1987-03-24 16 AFP TAIWAN plans to slash customs duties on about 800 items by 30 per cent to 50 per cent before the end of April in a further move to encourage imports. AFPAFP - 39 words
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Article44 1987-03-24 16 UPI MALAYSIAN Prime Minister Datuk Seri Or Mahathir Mohamad yesterday secured 88 of the 132 nominations for president of the United Malays National Organisation. Trade and Industry Minister Tengku Razaleigh Hamzah was nominated by 37 of the party's divisions. UPIUPI - 44 words
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Article54 1987-03-24 16 Bernama THE UNITED Malays National Organisation has decided to defer its plan to expand to Sabah and is unlikely to proceed with it if the United Sabah National Organisation restructures itself and streamlines its position, Usno president Tun Datu Mustapha Datu Harun said inBernama - 54 words
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Article42 1987-03-24 16 Reuter THE NUMBER of Philippine workers involved in industrial strike action in the first 10 weeks of calendar 1987 fell to 15,942 from 29,784 in the same period last year, the Department of Labour and Employment said yesterday.Reuter - 42 words
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50 1987-03-24 16 UPI THE PHILIPPINE military announced yesterday that an army captain who teaches a course in explosives had been arrested in connection with the bombing at the Philippine Military Academy, which killed four people. The bomb exploded four days before President Aquino visited the academy. UPIUPI - 50 words
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Article32 1987-03-24 16 Reuter MORE THAN 800 journalists in Hongkong have signed a declaration pledging not to reveal confidential sources if they are charged under a controversial new press law.Reuter - 32 words
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Page 16 Advertisements
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Advertisement120 1987-03-24 16 FLY AEROFLOT TO EUROPE and enjoy a wonderful chance to see MOSCOW 3 weekly flights, Mondays, Wednesdays Fridays k I v A fT* f. 'S it« F= ly Aeroflot to Europe transit via the USSR offers you a wonderful chance to make a stopover in Moscow or enjoy a holiday120 words
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Advertisement203 1987-03-24 16 What pac« of prlvatiaatlon, Paga 3 i-U ft?* U I sr <*»*•• E V;.... >... -~*Jr -t Tl »w .4 Wr o.i«»n'a>jiiWi.i<«<>» sr««i Vi r T at :i V sr- Hot Spicy Buffet At The Terrace* THE HEAT IS ON! For those a craving^^^j^^^^^^^^^H for curries, sambals, chillis and all203 words
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Page 16 Miscellaneous
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SHIPPING TIMES
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Article, Illustration351 1987-03-24 17 G DURAIRAJ - By G DURAIRAJ THE MALAYSIAN International Shipping Corporation has notified the Far Eastern Freight Conference of its intention to pull out from the Inter-Group Agreement (IGA) effective May 1v It is understood that this was triggered off by the recent allocation of the351 words
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Article, Illustration147 1987-03-24 17 HONGKONG has overtaken New York as the world's second largest container port after Rotterdam, the government has announced. An AFP report said that the British colony's container throughput in 1986 surged some 22 per cent to 2.77 million 20-foot equivalent container147 words
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249 1987-03-24 17 Kingsley Wood - By Kingsley Wood THE AUSTRALIAN National Line is to retrench 65 of its deck and engineering officers a move which has made the respective unions angry and could spark industrial action. The retrenchments have been discussed by Australian Federal Ministers, including Transport249 words
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PORT SIDES
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Article57 1987-03-24 17 THE JAPAN/lndia-Pakistan-Gulf/Japan Conference will reduce the bunker surcharges on shipments from Hongkong to India and Pakistan to 19.3 per cent from 21.7 per cent, effective April 1. A similar cut will be applied to shipments from Hongkong to Gulf ports not covered by the existing temporarily reduced57 words
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Article, Illustration699 1987-03-24 18 Reuter AFTER TWO MONTHS of strikes and strife on its general cargo piers, the busy port of Rotterdam faces an uncertain future. Competition from other ports, especially from nearby Antwerp and Ghent, is growing steadily. With the benefit of large sums of publicReuter - 699 words
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231 1987-03-24 18 AFP IRAN warned it would strongly react against any foreign intervention in the Gulf "aimed at saving the Iraqi regime." The warning, by an Iranian Foreign Ministry spokesman, followed recent reports that the US aircraft carrier Kitty Hawk and several escort ships had received ordersAFP - 231 words
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Article716 1987-03-24 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 4/5716 words
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Article1301 1987-03-24 18 BUOYANT charter rate* prevailed on the London shipping freights market on Friday, as active time-char-ter tonnage offtake boosted single-voyage payments on US Gulf and US North Pacific grain routes. A Kawasaki vessel secured the 25-cent higher level of U5415.75 (fio) for a 52,000-ton US Gulf-Japan grain haul in1,301 words
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Article177 1987-03-24 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 AMRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line177 words
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193 1987-03-24 19 Fairplay THE Isle of Man-based specialist mutual strikes insurer, The World Wide Strike Club, is to close after just two years of operation. Following the death in February of Mr Albert Van der Erb, the shipbroker who was instrumental in founding the club,Fairplay - 193 words
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414 1987-03-24 19 Lloyd's List A CHALLENGE to the established conference liner companies has been issued by the world's largest container ship operator. At the Seatrade Money and Ships Conference in London. Mr CL Lim, president of Taiwan's Evergreen International Corporation, said conferences had toLloyd's List - 414 words
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Article, Illustration151 1987-03-24 19 THE executive president of Verolme Botlek, Mr A van Nieuwkoop, will visit Singapore today as part of his Far East tour to promote its repair services. The Far East is an important market for the Dutch company located in the busy port of151 words
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Article135 1987-03-24 19 AFP AN UPTURN in the volume of enquiry as oil prices remained firm raised owners' hopes of an improvement in earnings during the past week, but these were not fulfilled due to the surplus of tonnage available on the tanker market. London brokers E A Gibson said atAFP - 135 words
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741 1987-03-24 19 NYT A PAINT that has delivered mariners from the scourge of barnacles and other marine growths may soon be banned as one of the moet hazardous aquatic poisons, driving up the coat of maintaining and operating recreational and commercial vessels. The paint, whichNYT - 741 words
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211 1987-03-24 19 AP SOUTH KOREAN shipbuilders received Japanese orders for 10 vessels totalling 1.1 million deadweight tons last year, industry sources said. Owners of the ships were listed as South Koreans or people in third countries but Japanese shippers actually financed the projects, said one industryAP - 211 words
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6955 1987-03-24 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.6,955 words
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Article1080 1987-03-24 26 AT CONVENTIONAL WHARVES Horopon Soiaudra M2A 2403/0900 26.03/0600 Joya Bersomo M2B 24 03/0900 2503/2000 li Arrival longto M4A 2403/0700 2503/0600 Vaaaal Btrll Departure M*taka Joya M48 2403/0600 2403/1800 KEPPEL WHARVES SEMBAWAHQ Kola lotna K30 alongside 25.03/23S9 Hoyorobi SI OiORQffd# 2403/2300 Koto Setati K3I alongside 26.03/0600 Kyo*o Br**z*1,080 words
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Page 17 Advertisements
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Advertisement698 1987-03-24 17 Mammoth Hunters «lean M. Auel H CORONET BOOKS Amiable at all Good Bookshops. OGCL JAMMNE SNIPPING AGENCIES (Rat- No 242K4/ OOK] 200 Cantonment Road #12-06 Soutnpoint, Singapore (COB o@wL mt -4. np-Sl PORT KELANG TEL 36MUS Talti No MA*****/MA***** Orient Overseas Comcum* Dne eHZH&ZXj tel *****4 teux no MA***** cfs698 words
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Advertisement81 1987-03-24 17 [/@_~"|^|=@<!{.!?@[`_!~~};&*``" mm THE DRAMATIC rescue of 37 Soviet seamen by US helicopters was a bright spot in a winter of deadly North. Atlantic storms that have claimed the lives of more than 50 seamen since Feb 10. P«g« II FREIGHT RATES for grain ships are soaring in the London-based world81 words
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Advertisement569 1987-03-24 17 ,4, BALT-ORIENT LINE Baltic Shipping Co Kcgiiir jctyicw IF off» South East Asia to IMtod Kinidom and ILuIL norm uontnentai forts Agent: Singapore Soviet Shipping Co Pie Ltd Tel: *****33 I *1 MAERSK LINE TO JAPAN next sailing "LEISE MAERSK" etd 24.3.87 Voy Spar* Tha mm AM M Ctoamg Ttmee569 words
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Page 18 Advertisements
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Advertisement342 1987-03-24 18 JE3 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINED SERVICE FAR EAST TO MEDITERRANEAN AND EUROPE ALSO ARABIAN GULF AND INDIAN SUB CONTINENT Also accepting cargo to all U destinations Scandinavian (/Urhus Copenhagen Gct^entx.-j) aid o'he- I.• oej- Inlaid 3011 OUTBOUND TO MEDITERRANEAN rn -:f1 VILLE DC JUPITER342 words
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Advertisement265 1987-03-24 18 EUROPE/FAR EAST CONVENTIONAL SERVICE VBL PT. of LOa DATES VSL StTA ELM SKIPPER N L£ CMAN6 I PT. KLAMQ Ofi Fudhif load/ di>chtfjlnQ ports in route mb|ic( to tuffidtnt inductmcnl SwppOTl Ofta MTM S pot# Trf: *****00 Tlx: RS ***** MTMBEA. Fax: *****46. TEL: 03-*****50 nuaouMD. TLX: ***** MTM Frt265 words
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Page 19 Advertisements
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Advertisement553 1987-03-24 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd mp&o Containers Limited ijj ESEEEEIIS^ STRAITS VENTURE OMTAMG BELAIT* RAJAS BROOKE AUSY MNTAM KRIA* STRAITS NOPE STRAITS PRIDE AMY m m m w* zv» vi« US US Fon I}, .(I 'H .11 a.Tfll V H"k»i tIM Ma UHi n* Off m553 words
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Advertisement541 1987-03-24 19 Franco Belgian Services SHSP m (MEMBER OF ACE CONSORTIUM) (MED CLUB MEMBER) rmr M CHARGEURS REUNIS 1 Apr i Apr M tar M Apr M Apr f£y CI AMDJAN 13 tar at fount mmk LOADING DIRECT FOR: IA-KINMM P.NOME P.CEJITU/ UMEVIUE DOUAU COTMOU LOK 22 tar 2 Iky 4 1%541 words
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Page 20 Advertisements
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Advertisement249 1987-03-24 20 CONTAINERSHIP SERVICE TO UK CONTINENT ALL UK I NLA HO DESTINATIONS. BELFAST. DUBLIN COPENHAGEN. AARNUS. GOTHENBURG, HALM). HELSINKI. OSLO. AMSTERDAM CARIBBEAN 4 S. AMERICA CpNy_SEMI CONTAINER SERVICE TO EUROPE CONV SEMI-CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK/CONTINENT Agents Singapore *****66 K. Lumpur *****25 Booking *****78 P. Kelang *****18249 words
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Advertisement593 1987-03-24 20 JCS-LINE FULLY CONTAINERISED SERVICE rToTußOpTviflSUfT^ m ma 17/4 n/i nn 22/4 w« 21/4 21/4 2S/4 2/5 5/5 V 5 tt 12(5 12/5 iw iws ws FROM UROPf VIA SUEZ 1 A Member ol the Are Conso'tmm fDR/MOTHER VESSEL Ml KCH K/KOttAN BONIS ONE ME 24/3 4/4 CCD ME/KOREAN BORIS JIN593 words
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Advertisement312 1987-03-24 20 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE SINGAPORE CALICO SHIFTING PTC LTD rt mam n* u su* calico fax: aezn PORT KELANG PERKAPALAN UTAMA SON BHD Tai: rainyi KOTA KINABALU KESAWAN SHIPPING SON BHO amm a M fu ami T6. HANI RASA HUNIRtAH SON BHO Tal: WOfJ K&S LINE JAPAN/HONG312 words
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Advertisement702 1987-03-24 20 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTING CAMO TO: Q ATLANTA. CMCMO. KTMTT, COLUHHII OTIO I 9 SggWg&S CURACAO VIA KMSCTON MMTREAL. TORONTO VIA RALTMOGE Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) SCP HOG FIX IBSS? ®aS3!2S*B?%%JS Jg V mssg" s u it juss sif liH BM.ilig«E333g!SlJlZl UW NYC NFK702 words
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Page 21 Advertisements
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Advertisement748 1987-03-24 21 x PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE MM 8M M.W nn si n im SIN MY Wr. BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE WYA CHUM RED SEA/EAST AND WEST AFRICA SERVICE M A JAVA A748 words
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Advertisement611 1987-03-24 21 BEN LINE CONTAINERS i* i* ws on on an nn an mi EXPRESS CONTAINER SERVICE FROM UK/CONTINENT iMrv MM MM MM MM MM lag UWBMBw MM MM MM 2IH OP UK M 0 NKG. TW MM Mm Oft o/s an an an vn mm an c*t f nil»on an an611 words
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Advertisement301 1987-03-24 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD f.T. SAMUDENA INDONESIA P.T. TNIKOM LLOTN SEMI CMTMRERSRIP SERVICES DJAKARTA LLOYD INDONESIAN NATIONAL LINF jj-WW lljM U SPOKE BILBAO BREMEN A'DAM/R'DAM H'BURC 21-24/4 u» ys VSL/VOY •Fveua. SPORE m Ml NYC 12-13* a/s wfi in Agents Telephone 5353301 words
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Advertisement270 1987-03-24 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S'por* p. pa-am vunr nm m* PAGAN VUIW aOl a* P Ktling Panang Bangkok IVY BANK VIM TOANA NIUGINI V3N TAUSALA SAMOA VM MORAYBANK V3N SPORE ROAM HULL 29/3 26/4 3/5 17/4 12/5 20/5 21/4 27/5270 words
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Page 22 Advertisements
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Advertisement1361 1987-03-24 22 :i»•j IV LINE KAWASAKI KISEN KAISHA, LTD.—FEEDER VSL MOTHER VSI SPORE PKLG PNC SPORE KOBE GUAYAQUIL CAUAO AAtCA IQUIQUE AfACASTA S. ANTONIO VALPARAISO RAGNAV7 TBN VSI Bfe> >fe> Ski Blhr DAfr 7 fey 15 Nay If fey CENTRAL AMERICA/CARBBEAN SEA FEEDER VSI MOTHER VSI PKLG PNC SPORE KOBE VZANIUO ACAPULCO1,361 words
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Advertisement645 1987-03-24 22 f '/l6 AUSTRALIA EXPRESS CONTAINER SERVICE AwpWiill FCUFCL Contolneia fmtm P.K*« Umt Voml S port 11Mb frm Spin Mm Accpti CALABAR «3 4 Apr "RAMDAS" 121 13 Apr 27 Apr tMm4Mm AM Bra EiL 32KSIS2T t? a fit 13 Mty 2? tbT X M*r AM/Bm CALABAR ¥J4 9 Mir "KABIRPAS"645 words
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Advertisement671 1987-03-24 22 GOLDEN LINE GUAN GUAN SWUNG (PTE) LTD 2}. TcM Ayr Sheet imurou aim m shjhi ut lms> STRAITS/PERSIAN GULF SERVICE: Spor. p GOLOEN WOUOCR Co(ombo/(Ur»chi;Oub«<;'Damm»n 2«7 Mar GOLDEN BEAR Wombo/Mndii/Outai/Ooh. 4/5 Apr CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA Lil i GAO CHENG MHtG CHENG KaracM Sharjah671 words
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Advertisement494 1987-03-24 22 INTRASEA (PTE) LTD 15 Hoe CMang Roar". »07 02/03 Ssnford Budding Singapore 0208 Tel *****1 1 (10 Lines) Bulk Orient Line I BREAKBULK SERVICE TO EUROPE/UK S parc P. tolM| Loading torM.V AGIOS NIKOLAOS OB Sailed WESTERN EXPRESS 884 2/4 ailed 2M SETE/ROT/ANT/UK(NULL) 2/4 5/4 ROT/ANT /UK(HULL) Agents Stngaport INTRASEA494 words
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Page 23 Advertisements
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Advertisement761 1987-03-24 23 VrNOL NEPTUNE ORIENT LINES LTD 5C NEPTUNE AGENCIES PTE. LTD. Tal Na OMca TmM CFt own man win NEPLINE SON. BHD. 3MH7 NEPLINE SDK BHD. 2H4HJ NEPLINE SON. BHD. —ftPMB NEPLINE SON. BHO. Wiaill Fl EU/AUST TPA/IEA S: zmnt tmm TO EUROPE/UK (VIA SUEZ): PIMM( ra. r«. crp/umsw* <i««) an761 words
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Advertisement449 1987-03-24 23 HEUNG-A SHIPPING Korean Flag Vessels 1 SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON Sparc No I oonwn/7CN Wfi frtrnfm 1m Na I OtmmPW 17/4 Na 7 Oonaai/7VN 17/4 No I Oonan/TMN KM totOmmmpm 7/5 OL i*ar/7M 12/5 Na 7 Dana«/7MN 2*5 Hal OanaatfTOM 25/5 S PORE AGENTS NE449 words
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Advertisement572 1987-03-24 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 ***** P AMC PENANG M/S HANDLING SYSTEM CO SON. MO MESSRS HAI THONG SHIPPING 127 P«aa« Straat PaMM572 words
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Advertisement60 1987-03-24 23 ta I >/\# MfTO MRU VJA YOSHIUN V.I2A HBJOK2 VIA DEL RBKMOS V-fIA Gtntrai amy tor W. Mppa Mm ¥JA «tll ha Mri w 27» Mn* Vat Mi 101 tm MUM In. Than trill to m fartor am** aAar tM* Mr SHIMSAWA KtSNIN A ILT.T. TFT* CO. PTL LTD., 10,60 words
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Page 24 Advertisements
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Advertisement328 1987-03-24 24 SINGAPORE SHIPPING CORPN.(PTE] LTD. TEL: 225-6868 (30 LINES) CfELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD VEB DfcUTFRACHT SL tREtDE R E I ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE 1 fTTD nr> r riyy'.f: "nV\ I' 9*VIA LARNACA: Accepting cargo for Piraeus, Thessaloniki, -Izmir, Istanbul, Mersin, Lattakia, limassol, Beirut Alexandria,328 words
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Advertisement227 1987-03-24 24 Hai Sun Hup Co (Pte) Ltd TEL ,Vo4Qof> i? 0 Lmesi UX RS ??0f i V Q J \N I l<\ K I I\ I l\ Ml) STRAITS/JAPAN/STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS VOY. NO. rpm P. Koiang Tokyo SOU SEKI NISSHO TRONO MATSUYAMA NAGOYA MARU 56 m In227 words
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Page 25 Advertisements
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Advertisement225 1987-03-24 25 iVIY-VIVIYiiV CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG I SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****1, *****1, *****5 07-*****1, *****3, *****5, *****0 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE TT^ 11. 3 rn jJL rvrr D Ejj rr-7T ~7T TTT TV'TW' 11' I"" i■ :t'225 words
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Advertisement420 1987-03-24 25 FARGO SHIPPING COMPANY<PTE)LTD REGUtAR EXPRESS FULL CONTAINER AND LCL IVICF Va4 L HUCMS SaM BRUSSEL I 26/3 i/"f l ir-ni' ■!.-1 2W 12V3 ETA SINGAPORE 4/4 DESTINATION 1 1,,J .1!': 1 M' RATANA BHUM BUMGA BUTANC 115N xfi at n/3 2WJ.3H.ISH a0.2W3.2M 27/3. 7H. 17/4 29/3, 1/4. 13/4 2*3, 2*3,420 words
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Page 26 Advertisements
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Advertisement139 1987-03-24 26 UIMK 111 il'ii' Booking: d«2127 A 9M8411 Foe *****90 Totac RSBS7M NUNK AccopMng FCL, LCL, CONVENTIONAL ton, ANTWERP, NAM. L£ NARVE, BREMEN, U.K. AUSTRALIA/N.Z UNITED STATU FAR EAST SYD, HELB, J AUCK, WELL. AOE, BRIS, I CXNURCM, FREMANTLE, DARWIN, LmiON BANGKOK. HONG KONG, TAIWAN, KOREA 4 JAPAN JAKARTA. SURABAYA, BtLAMAN.139 words
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Advertisement440 1987-03-24 26 v ft' A '•■-I 'i>y Mitsci OS K Lines Ltd CONVENTIONAL/SEMI-CONTAINER AFRICA'S CONTINENTAL PARTNER PRIMERA PEAK VOY. SWA3QA MORNING GRACE VOY. EAAfiA OCEAN EUTE VOY. EAA33A SUBJECT INDUCEMENT RAINBOW AVENUE VOY.WAB2A f«VER OU WAA3SA Rmkt Subject Inducement HAYAKAWA MARU VOY. 2831F SA VAAL VOY. 2730F NEDLLOYD COLOMBO VOY. 2828F OSAKA440 words
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Page 26 Miscellaneous
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Miscellaneous178 1987-03-24 26 Regional Weather kS J v* N B >* sy II WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature o Q X\ U Shower Weather Wind direction with speed in knots Ram Cloudy Sky Wave he '9 hf Surface winds are indicoted by arrows which fly178 words
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