The Business Times, 2 April 1987

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 THURSDAY, APRIL 2, 1987 75 CENTS
    12 words
  • 202 1 Exchange rates THE SINGAPORE DOLLAR closed weaker at S$2.1380/90 ($2.1325/35) against the US dollar in the forex market. It rose to $3.4218/56 ($3.4279/4317) against The local unit also went up against DM, but ended at around previous day's levels against M$, HK$ and yen. USS: 146.80/90 yen,
    202 words
  • 506 1  -  By FOO CHOY PENG, Chief Reporter AFTER AN UNUSUALLY fierce battle last year for seats on the council of their professional body, accountants are showing little interest this year in what could be the last election under the existing Accountants Act. At
    506 words
  • 189 1 THE LOCAL stock market went through a featureless day of moderate trading yesterday, with The Straits Times Industrial Index closing 12.83 points lower at 1,043.94. The BT Composite Index shed 11.83 points to 914.22 on a turnover of 17.39 million shares worth $37.84 million. Losers
    189 words
  • 512 1  -  By HOMER CHEN THE SOCIETY of Remisiers has asked for, among other things, the abolition of transfer fees or a reduction to a nominal sum of $500 The transfer fee, which a remisier must pay each time he moves to another stockbroking firm, has
    512 words
  • 528 1  -  First company to be listed on main board this year By AMY CHEOK AVIMO SINGAPORE, a defencerelated company specialising in advanced electro-optical systems, has been given approval to offer $32.8 million worth of its shares to the public in Singapore. The
    528 words
  • 61 1 AFP TAIWAN is to invite more foreign investment by easing restrictions on about 310 industries and liberalising exchange controls involving foreign-invested firms. Sectors being considered by the Council for Economic Planning and Development to benefit from freer foreign investment include trading, leasing, insurance, securities, air and sea cargo
    AFP  -  61 words
  • 483 1 SOME JOKES contain half truths. The one BT played yesterday, as it turned out. had a great deal more. The evidence for shiitake mushrooms as a potent aphrodisiac strengthened yesterday when Everbloom Mushrooms Pte Ltd cited studies on the molecular formula for
    483 words
  • Page 1 Advertisements
    • 197 1 I v»'fc*n«rr« a Cassette Receiver M 3 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD Singapore: Phone *****22 Kuala Lumpur: Phone. *****33 P*nan<j: Phone *****5 *****1 Jakarta: Phone *****5 I THE OFFICE NEVER LOOKED SO GOOD 30% off all room rates. Enter the era of the Business Class Hotel that guarantees
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    • 288 1 Greener pastures THERE APPEARS TO BE much potential for the plant industry in Singapore. But private nurseries are family-owned businesses, highly secretive and guarding their turf jealously. These attitudes tend to hinder rather than to encourage a freer development of local horticultural skills. See Page 8 Full report, Page 13
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    • 3 1 See Page 2
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    • 282 1 Rodenstoch Quality before your eyes don't let the INITIAL 101 PUSH HOME OWNERSHIP Ctf* 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
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  • HOME NEWS
    • 303 2 THE AMALGAMATED Union of Public Employees (AUPE) has again overtaken the United Workers of Electronic and Electrical Industries (UWEEI) as the biggest union in Singapore. By the end of last year, AUPE had 22,540 members, while UWEEI membership, hit by a spate of retrenchments
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    • 369 2 THE BIGGEST oil company in Singapore, Shell, is reviewing its domestic marketing objectives and strategies while focusing on efforts to cut costs and rationalise operations. Describing the review as his "first priority", newly appointed marketing director Sim Cheok Lim said the exercise would enable
      369 words
    • 208 2 WOLFGANG F DRIESE has been appointed general manager, Singapore branch, of Deutsche Bank (Asia). Mr Driese, 38, joined the Deutsche Bank Group last year. Before that, he was with a leading merchant bank in Germany. DAVID F SMITH is now sales director, East Asia/Pacific, of Massey-Ferguson. Mr
      208 words
    • 149 2 THE ROYAL Canadian Mint is marking the 400 th anniversary of Elizabethan navigator John Davis's exploration of the Canadian Eastern Arctic with the issue of a limited mintage silver dollar. The 500 fine silver dollars. the twenty-second in the annual series from the Royal Canadian Mint,
      149 words
    • 313 2 SHIITAKE have been shown by experiments to have sexually restorative powers in females as well as males, says author K Mori, the "father" of shiitake mushrooms. Mr Mori's book. Mushrooms as Health Foods, includes a chapter on the aphrodisiac properties of shiitake.
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    • 594 2 Seminars and Courses 1 c Cahners Tel J Exposition Tlx Group Fax*****13 RS ***** *****66 DURATION TITLE VENUE ORGANISER TELEPHONE Apr 6-12 Investment and World Trode Indian Investment *****35 Technology Transfe f Centre. Hall 3 Centre *****19 in India Apr 7 Diploma in P roductivity National National *****66
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    • 83 2 THE REVISED hospital fees for X-ray tests, laboratory tests, daily consultancy services. investigations and prescriptions took effect yesterday. The fee increase, announced about three weeks ago. is across the board for the above services, but will result in Class C and B2 patients paying 8
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    • 383 3 MILITARY EQUIPMENT makers in Britain and Singapore could work jointly in high-technology ventures and this may become a more common means of procurement. British Defence Secretary George Younger said yesterday. Mr Younger yesterday toured three defence-related companies and concluded that there was a
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    • 398 3  -  By ANNA TEO TAPE-DRIVE MAKER Archive Singapore, now the only manufacturing facility for the USowned corporation, expects turnover this year to surge upwards to $150 million. This month, the company launches production of a new line of tape drives for
      398 words
    • 540 3  -  By BOEY KIT YIN ELECTRONICS manufacturers in the Bedok/Chai Chee area are on a major recruitment drive. Even though they have one of the biggest pools of potential workers to draw upon, a small number of foreign workers may be
      540 words
    • 364 3 A FIVE-MEMBER delegation from the Los Angeles Department of Airports has completed an air-cargo promotion visit to Singapore, which is increasingly regarded as a major airfreight centre. While Singapore freight forwarders were impressed with the $74 million expansion plans for cargo-han-dling facilities at
      364 words
    • 233 3 THERE IS more potential for developing trade between Singapore and Finland than there is for investment, the Finnish commercial counsellor in Singapore said yesterday. Mr Raimo R Sourander explained that most of the Finnish companies which should have established themselves in Singapore had
      233 words
  • Page 2 Advertisements
    • 257 2 J WORLDWIDE EXPRESS® Prompt pick-up and delivery 24 hours a day We've outdone ourselves with the LaserJet 11. iM i. We've not only mode the world's best-selling laser printer better. We've mode it even more affordable In 1984 Hewlett-Packard's LaserJet printer revolutionized the desktop laser printer market. Its compact size,
      257 words
    • 141 2 IN PENANG-A FIRST CLASS HOTEL AT AN AFFORDABLE PRICE. The Shangri-La Inn Penang brings to the heart of Georgetown a standard of service never before seen in Penang. Its 426 guestrooms 16 suites feature the finest in amenities. And being centrally located in the heart of Georgetown is the ideal
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  • Page 3 Advertisements
    • 174 3 You are cordially invited to INDIAN TRADE EXHIBITIOI HALi NO. 3, WORLD TRADE CENTRE SINGAPORE APRIL 6-12,1987 The Exhibition aims at projecting India's growing industrial, technological and commercial capabilities relevant to the ASEAN market and areas of mutual interest including joint ventures, consultancy services and investment opportunities. it also aims
      174 words
    • 121 3 Newiork one-stop. SINGAPORE N TOKYO fil Milll New. The only flight to the Big Apple via Tokyo. From April 6th, United's new flight to Tokyo takes off at 8:10 am on Tuesdays, Thursdays and Saturdays. Then it's non-stop New York, arriving at 5:55 p.m. the same day. It's another United
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  • ASIA-PACIFIC
    • 478 4 FT AUSTRALIA faces a long and painful struggle to improve its international competitiveness and reduce its trade deficit, the Organisation for Economic Cooperation and Development has warned in its latest report on the country's economy. The Paris-based international organisation said economic conditions in Australia
      FT  -  478 words
    • 221 4 Reuter ISRAEL'S Parliament on Tuesday passed a US$25 billion state budget that lowers the taxes of the highest wage earners in an effort to stimulate workers productivity, state radio said. Israelis are one of the most heavily taxed peoples in the world. Under the new
      Reuter  -  221 words
    • 479 4 AP EUROPEAN Community Trade Commissioner Willy de Clercq said on Tuesday he had been assured by Chinese leaders that China would keep its doors open to the outside world but said it was clear that ECChina trade would taper off
      AP  -  479 words
    • 614 4 NYT WITH THE SAME sin-gle-minded drive that transformed South Korea's economy in little more than a generation, the Seoul government is carrying out an ambitious programme to groom aspiring emigrants for life overseas. Concerned about overpopulation, envisioning better opportunities for South Korean business
      NYT  -  614 words
    • 67 4 AFP AVERAGE LAND PRICES in Tokyo in 1986 jumped 53.9 per cent over the previous year compared with an increase of 7.7 per cent for the nation as a whole, the Japanese National Land Agency. A 3.3-sq-m area of land in Tokyo's fashionable
      AFP  -  67 words
    • 217 4 AFP GASTON FLOSSE. French Secretary for Pacific Affairs, has assured Pacific island nations that France was unlikely to use economic sanctions against them if they continued protesting against French nuclear tests in the region, the Australian Associated Press reported yesterday. Mr Flosse said after
      AFP  -  217 words
    • 821 4 ARRIVALS Operator Service Local From number time SU SQ11 0045 LAX/NRT su SQ315 0440 DRW HAWAIIAN HA923 0720 SHJ AIRLINES MAS MH681 0820 KUL MAS MH811 0910 PEN MAS MH671 0920 KUL AC AC584 0945 YYZ/MU/DXB SiA SQ103 0950 KUL CPA CX710 1015 CGK MAS MH603 1020
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  • Page 4 Advertisements
    • 218 4 Thai's European Express 4 m •v..., 3 •v r •*c. m w 3 a *> -v ,3 .1 t «U > &Sjbr rrrrr $r*r?te. J 1 t* I kl STOP We call it the European Express because we have cut over two and half hours, that's about 1,000 miles of
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    • 62 4 I a I I \fV I The business person's choice every I I II %I I II II I Tuesday. Saturday and Sunday I M II I 1% II Leaving Changi Airport at 22:05 JL-JV-X-L 1 V -/-L hours and arriving Heathrow at 06 -15 hours the following rnornmg Ca'l
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  • REST OF THE WORLD
    • 498 5 FT Mr JACQUES CHIRAC, the French Prime Minister, has warned President Ronald Reagan about the dangers of protectionism in the US, saying it could have grave economic and political repercussions. Mr Chirac told Mr Reagan during a White House meeting on Tuesday that American protectionist
      FT  -  498 words
    • 288 5 Reuter IRELAND'S new minority government, eager to put the country's debt-laden economy on the road to recovery, has introduced an austerity budget that cut public spending across the board. Faced with a national debt that doubled in the past four years. Finance Minister Ray
      Reuter  -  288 words
    • 300 5 AP THE HEAD of the US ExportImport Bank has said that some loans to help sell American goods abroad mean taking money from the poor to help the rich, but that the US must make them to retain markets. "Using aid-type funds for
      AP  -  300 words
    • 228 5 AP A SOVIET official said on Tuesday that proposals by British Prime Minister Margaret Thatcher to ease the superpowers' concerns about space weapons were of no benefit because the Soviet Union had no such programme. Mrs Thatcher proposed in an address on Monday night
      AP  -  228 words
    • 572 5 Reuter THE INTERNATIONAL Monetary Fund predicts that the industrial world will grow by a sluggish 2.5 per cent in 1987, a sharp drop from the more than 3 per cent forecast six months ago, monetary sources in Washington said. The forecasts, prepared by
      Reuter  -  572 words
    • 432 5 AP THE INTERNAL Revenue Service announced a new effort on Tuesday to reduce what apparently is wholesale tax cheating among Americans living abroad and for-eign-owned corporations operating in the US. The drive was prompted by two findings: A General Accounting Office estimate
      AP  -  432 words
    • 205 5 AP THE OUTGOING chairman of the US Securities and Exchange Commission says he is earmarking most of a US$3O million gift to the Harvard Business School for a programme intended to curb abuses on Wall Street. "I've been very disturbed most recently
      AP  -  205 words
    • 183 5 Reuter A SOUTH AFRICAN mining company said on Tuesday that it was organising lectures for 100,000 employees after finding its predominantly black staff equated capitalism with the country's apartheid system of racial segregation. Rand Mines Group said in a statement there was
      Reuter  -  183 words
  • Page 5 Advertisements
    • 160 5 JAPAN can be affordable. NTA HOTEL FASS With the NTA Hotel Pass you can get a room in Japan for an unbeatable SsBs/per night. Accepted at 86 member hotels in 50 cities throughout Japan, it is an economical alternative for business and pleasure travellers. JAFAN RAIL FASS This pass allows
      160 words
    • 52 5 We are a results-oriented, friendly team. We succeed by gg knowing the market in depth ZZZZZZ and by providing a service which ZZZ2Z2 5 m*. mm i --W-f u t=j Jr 5 3 1* ■o Jones Lang Wootton 532 3888 .Intern,(ti<>n,|! Pr "U Consult.lll'- >n' (i| j> s »»i |c
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  • Page 5 Miscellaneous
    • 43 5 Doonesbury MARCH 27-PLAQUE PEJOSiTZMAKE THE CEREBRUM VIRTUALLY 6V8%ABLE. I NOHJ REGRET LEAVIN6 BEHIND THE EXPLO&VE& m 7zn U m "t m lii Pz '\i*m Z26 BY GARRY TRUDEAU iGULP!* WHO the meel, rvjpgs FIRST FOOL! LADY! \J\oLffi- PLA i 16 m m L
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  • BANKING AND FINANCE
    • 335 6 Reuter PHILIPPINE Finance Secretary Jaime Ongpin on Tuesday confirmed that the Philippines had agreed to make token pre-payments of principal to foreign banks as part of a US$lO.3 billion debt restructuring package But Ongpin denied Manila was playing down the prepayment aspect
      Reuter  -  335 words
    • 366 6 Number Indicative Gross Coupon Amount Interest of days of middle price redemption Maturity Year raised rate Million) payment accrued (excluding yield pa) dates interest accrued pa) interest) 1.5.87 Loon 1 1977 7% 60.00 1/5, 1/11 150 100.00 7.25 15.7.87 Loan
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    • 138 6 TRADING in Nikkei Stock Average futures on Simex hit a record last month. Volume reached 20,233 contracts 28 per cent higher than the previous monthly record set last September when the contract was launched. Open interest contracts also hit a high of 3,747 lots. A
      138 words
    • Article, Illustration
      801 6 SINGAPORE: The US dollar closed firmer yesterday against most major currencies in moderate trading supported by persistent Bank of Japan buying, purchases by Japanese security houses and life insurance companies. Dealers said news two major US banks raised their prime lending rates by quarter of a point to 7-3/4 per
      801 words
    • 217 6 Interbank rates at 3pm yesterday: CufTwidM Nominal rMn SmHheonien dJnge Local dollars to c >n« unit of foreign currency: US dollar 2.1380 2.1390 2.8196 -24.17 Sterling pound 3.4218 3.4256 7.3469 -53.43 Australian dollar 1.5040 1.5069 3.4286 -56.13 NZ dollar 1.2165 1.2192 3.4286 -64.52 Canadian doilor 1.6351 1.6365 3.4206
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    • 228 6 Interbank market rates (offer/bid) on April 1 us$ DM SWFC Y*n 7 day* 6 9/16 7/16 10 1/8 10 4 1/16 3 13/16 3 1/4 2 4 5/16 3/16 1 mlh 6 5/8 1/2 10 1/8 10 4 3 7/8 3 7/16 5/16 4 1/8 4 3
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    • 64 6 THE OVERNIGHT rate on the Singapore interbank market fell by 1/8 point to finish at 334 per cent yesterday. The term rates shed 1/16 point each across the board. S$ Interbank rates at 7pm yesterday: OHf R.d Our. nigW 3 3/8 3 1/8 1-mortfc 3 5/16 3 3/16
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    • 315 6 ASIAN DOLLAR deposit rates closed steady at firmer opening levels in quiet afternoon trading yesterday. Term rates firmed between 1/16 and 3/16 point at the outset after news two major US banks raised their prime lending rates by 0.25 per cent to 7-3/4 per cent. Thereafter rates
      315 words
    • 620 6 JUNE Eurodollar futures gapped sharply lower at 93.17 during Simex opening in response to an increase of 0.25 per cent in prime lending rate by two major US banks. However, prices rebounded from the opening level on short covering after a firmer dollar. Liffe session saw continued buying interest
      620 words
  • Page 6 Advertisements
    • 259 6 The Economist. A concise definition for non- subscribers. The Economist n. 1. Authoritative weekly news journal of about 100 pages covering world politics, current affairs, business, finance, science and the arts; famous for uncompromising objectivity. 2. Edited in London from reports filed by worldwide network of correspondents; staff journalists in
      259 words
    • 91 6 OF JAPAN In such high demand that Japanese Citizens wishing to own a gold coin first have to buy lottery tickets. Only those with the winning numbers have the right to purchase. Very limited supply now available in Singapore. V B W v--4* 4> Emperor Gold $1630 /> 1 V
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  • WORLD BACKGROUND
    • 583 7 AFP PHILIPPINE President Corazon Aquino's stamp of approval on unarmed vigilante groups spearheading a rural anti-communist backlash has put her on a potentially dangerous course, according to analysts in the country. Mrs Aquino, in a visit last Sunday to insurgency-torn Davao city on
      AFP  -  583 words
    • 1198 7 UPI IN AN UNUSUAL TWIST. Eastern European leaders who for decades promoted reforms to a disapproving Moscow are now balking at Soviet leader Mikhail Gorbachev's reform crusade. Communist party officials in Czechoslovakia and the other five Warsaw Pact nations face the daunting
      UPI  -  1,198 words
  • Page 7 Advertisements

  • FEATURES
    • 515 8 WHEN President Ronald Reagan slapped retaliatory tariffs on a variety of Japanese exports, he merely did what his administration had been threatening to do for a long time. The move should not have come as much of a surprise. Yet when it happened over the
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    • 1767 8  -  Need for nursery operators to share trade secrets and be outward-looking Singapore's plant industry has much potential for further growth. But most of the private nurseries are small, family-owned businesses with attitudes that hinder the further expansion of local horticultural skills, reports LINDA CHEE. LINDA
      1,767 words
  • Page 8 Advertisements
    • 88 8 RING BINDER (for all your presentations) A heritage of Swiss precision and dependability you need at the price you like. S presents your Catalogues'' Ice lists, company and many other literature in y an attractive style that makes your customers want to read. alfr.w tiv.- <<>!..tit\ "|> T.i I?? irn
      88 words
    • 42 8 w PROFESSIONALS ADVERTISE? A MONTHLY JOURNAL OF BUSINESS TRENDS Should professionals advertise? Why are art prices soaring? Are private hospitals well? The pawnbroker as survivor Marina Square: Past and future Shipowning made easy A Times Periodicals publication NOW AT NEWSSTANDS APRIL 1987
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  • Page 8 Miscellaneous
    • 732 8 j CRYPTIC PUZZLE ACROSS 1 Depart in December with a politician (6) 7 Just a little bit of wet weather (8) 8 Name a duck after a little bird (4) 10 Ready to leave port for abroad, possibly (6) 11 A name no chap can change (6) 14 Look in
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    • 36 8 VOUf? FoRmULA foR fl£P-0-Ct£RK H^S Scene: ft scientific. n&K-O-CLfcKK laboratory somewhere P\ LJORi-D ir\ £pSI" UJmchley VQU HRVO 60EN NOnniNF\T6.D FbR A RecToßpae fvr epvsr u>inchl£.yFfieeoorvn OF TMeoiry...TMe QueeN's f\U)Pvtt£> TO IND\JSTK\/.... THC NOfteL pß»xe Giveoveß
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  • SPORTS
    • 588 9  -  By WALTON MORAIS SIX MONTHS after Singapore held its first world championship tennis event last October, the impression it has left on the players is showing. As the event's promoter, Australian Sports Marketing, prepares for the second Carlsberg Singapore Women's Open, the news is that
      588 words
    • 375 9 UPI BET TWICE, Talinum and Cryptoclearance head a short field of six colts in Saturday's US$5OO,OOO Florida Derby at Gulfstream Park, one of the last major stepping stones to the Kentucky Derby. Bet Twice, trained by Jimmy Croll, won the U*****,970
      UPI  -  375 words
    • 710 9  -  7ranklif speaking.... BRIAN MILLER IT WAS JUST a couple of years ago that I watched, with awe and a surge of pride, as Ang Peng Siong fought so desperately for a bronze medal in the 100 m freestyle of the Brisbane Commonwealth Games of
      710 words
    • 565 9 AP, Reuter UNSEEDED Italian Paolo Cane upset fourth-seeded Pat Cash of Australia 6-3, 7-6 on Tuesday night in a first-round match at the U*****,000 Fila Trophy Indoor tennis tournament in Milan, Italy. The 21-year-old Italian, ranked 42nd in the world, played consistent tennis
      AP,; Reuter  -  565 words
    • 465 9 UPI THE ONLY LEFT EYE Ray Leonard feels comfortable talking about belongs to Marvin Hagler. Heading into Monday's fight against champion Hagler. Leonard has deflected questions about his surgically repaired left eye Instead. Leonard points to the scar tissue above Hagler's eyes.
      UPI  -  465 words
    • 267 9 UPI THE McLAREN Formula One motor racing team has hit unexpected minor snags assembling its new 1987 car World champion Alain Prost of France had to be content with testing the 1986 car round the Rio track on Monday in preparation for the April
      UPI  -  267 words
    • 163 9 Reuter WIMBLEDON champion Boris Becker heads a list that includes four of the world's top five for the £183,000 (U*****,000) London grass court men's tennis championships at Queen's Club two weeks before Wimbledon. And the 19-year-old West German will, in the absence of world number
      Reuter  -  163 words
  • Page 9 Advertisements
    • 1144 9 THURSDAY FEATURE SPECIAL Love At First Bite 10.30pm, Channel 5 This merry and thoroughly enjoyable escapade sees Count Dracula forced from his Transylvania home which is being turned into a gymnasium. He jets to New York with his manservant, Renfield, and embarks on a love affair with a fashion model.
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    • 81 9 UmbLKiii Japanese Restaurant Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only 576+ 4- per set, they are
      81 words

  • INTERNATIONAL STOCKS
    • 573 10 Reuter BORG-WARNER Corp is to resist vigorously GAF Corps US$46-a-share takeover offer, but the mid-west conglomerate may fall prey to another offer, either from GAF or its own management, analysts believe. They also said BorgWarner may attempt to escape GAF through a restructuring. The
      Reuter  -  573 words
    • 400 10 Reuter STOCKS demonstrated their resilience on Tuesday, rebounding with a strong gain after being pounded in the previous two sessions Support came from bargain hunting and from enthusiasm with the bond market's new-found strength after the Federal Reserve said it was buying coupons for
      Reuter  -  400 words
    • 175 10 Reuter CHARLES SCHWAB has completed the US$2BO million purchase of Charles Schwab and Co Inc and its holding company Charles Schwab Corp from BankAmerica Co. The leveraged buyout is being financed by a syndicate of seven banks led by the Security Pacific National Bank unit
      Reuter  -  175 words
    • 151 10 MAR 31 c s Inco 20% unch Int Prov Pipe 47% 39% lu Intl 25 -1 Alcan Alum 4954 Kerr Addison 25 unch Algoma Stl 15% Loblaw Co 14% Bank Nova Scotia 18% McMil Bldi 77 Bank Of Montreal 34 Molson A 25% Bell Canada 42% unch Moore Corp
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    • 627 10 MAN 31 US A lean Alumin Alcoa Allag Infl Alliad Sig Allis-Chalmars Am Brands Inc Am Can Co Am CyanamK) Am Etac Pwr Am Expraaa Am Homa Prod Am Motor* Cp A max Inc Amarada Haaa Amoco Corp Amr Corp Armco Inc Asarco Inc Atl Rpchtiald Atl Avon
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    • 914 10 Amsterdam MAR 31 FL» ABN 521 00 3 I Aegon 89 SO -0 5 Ahold 107 10 -•-0 1 Atao 143 SO 0 4 Alrenta 144 60 0 1 AMEV 67 30 15 Amro Bank 82 60 03 Am Stad 127 00 unch Barkal 20 90 unch BOLS
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  • Page 10 Advertisements
    • 408 10 )r.t> SHOKADO ASMS 12 different sets of Japanese lunches priced from $10+ to $20+ per set Lunch: 12 Noon 2.30 pm Dinner: 6.30 pm -10.30 pm 9C FUR AMA nr SINGAPORE HOTEL 10 Eu Tong Sen Street Singapore 0105. Tel: 533 3888 novotel orchid inn Before After Dark atVanda Bar
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    • 110 10 London stocks on Pag* 15 That s how we count at The Lounge during our Happy Hours from 5 pm to 7 pm daily When a guest has had two similar drinks the third is free And every night at 8 pm except Sundays. The Melody Band from the Philippines
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  • ASIAN STOCKS
    • 488 11 HONGKONG: Share prices closed lower yesterday but a late round of buying erased most of the early losses set off by concern over new stock issues. The Hang Seng Index ended the day 17.90 lower at 2,695.91 after trailing by nearly 70 points earlier. The Hong Kong Index fell
      488 words
    • 270 11 APR 01 All Sincere Indus Asia Cement Cathay Cons Chang Hwa Bank Cheng Loong Chia Hsin Cement Chin Hsin Flour NT 3 75 37 20 46 70 78 00 35 60 35 50 1530 0 13 0 2 -02 35 0 1 -0 1 unch Kuochan Dev Lee Chang
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    • 467 11 TOKYO: Prices rebounded yesterday from two consecutive declines as gains on Wall Street and yen weakness buoyed sentiment on the first day of the fiscal year. The market advanced across a broad front led by real estate, construction and other domestic de-mand-related shares. The market average closed up 473.52
      467 words
    • 96 11 APR 01 PESOS 1Marsteel Oriental B 0 027 -0 002 Aco|e Mining 001 unch Phil Overseas 0 042 unch Anglo Phil 0 008 unch Philex B 043 unch Apex Mining B 0 0550 -0 0025 Picop B PLDT 340 15 Atlas Con B 22 -2 Baguio Gold San Miguel
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    • 479 11 SYDNEY: Australian share markets staged a late rally yesterday and closed firmer after trading weaker for most of the day. Brokers said the change in sentiment came as bullion prices, which lost US$3.2O to $417.60 an ounce overnight, showed signs of improving in Hongkong trade. The All Ordinaries Index
      479 words
    • 132 11 AM 01 WON Kai 1400 -25 Kangwon Ind ***** -400 Cheil Sugar 3440 200 Kia Motor 1850 -20 Daelim Ind 787 47 Kolon Ind 4590 290 Daewoo Corp 1026 -45 Korea Long Term 2340 -135 Daewoo Heavy 1440 -39 Lucky Lid 1550 -65 Daishin Securities 4300 unch Oriental Brewery
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    • 162 11 Reuter BANGKOK: The Stock Exchange of Thailand Index was down 1.06 to 227.91 on a turnover of 1,014,266 shares worth 166.9 million baht. APR 01 BANT Sana Unton 195 -5 Ao Kham Thai Siam Cement 873 -6 200 -14 Siam City Ayudhya Investment 290 -4 Cement 812 -6 Bangkok
      Reuter  -  162 words
    • 66 11 Reuter JARDINE STRATEGIC Holdings Ltd. a unit of Jardine Matheson Holdings, has cancelled the report of its 1986 results which was originally scheduled for Tuesday. A company spokesman said the company was formed in November and had no significant business until its merger with Jardine Securities
      Reuter  -  66 words
    • 609 11 Rise of 10-15 pc predicted for this year Reuter THE Tokyo stock market is likely to recover from its recent nervousness. caused by the rise of the yen and the threat of a trade war with the US, and resume its upward climb,
      Reuter  -  609 words
    • 165 11 Reuter CHEUNG KONG (Holdings) Ltd has announced a bonus issue of one new B' share of five HK cents each for every two ordinary shares of 50 cents par value. The B' shares would have the same
      Reuter  -  165 words
    • 41 11 Reuter THE BEIJING-OWNED China International Trust and Investment Corp (Citic) has bought the unfinished 600-room City Garden Hotel in Hongkong from a subsidiary of Cheung Kong (Holdings) Ltd for HK$235 million, Cheung Kong director Albert Chow said.—Reuter
      Reuter  -  41 words
    • 92 11 Reuter A SUBSIDIARY of the Japanese construction group Kumagai Gumi Co Ltd is seeking to float its shares on the Hongkong Stock Exchange, according to merchant banking sources They said on Tuesday that Kumagai Gumi (Hongkong) Ltd had appointed Canadian Eastern Finance Ltd, Sun
      Reuter  -  92 words
  • Page 11 Advertisements
    • 686 11 New itsues trigger telling spree, Pege 14 w m if.? iAPMESf RESTWJRAKT <v V mik y? vVn <> <V <- m *11 *> t- 4 \JU VThere is no flower superior to the Sokuro When the Sokuro blooms v ail the other flowers ana trees v?.-?£ t-ecome ofdmory Kino Isuroyuki
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    • 210 11 5 IRRESISTIBLE OFFERS! 40% OFF all Premium brands and bottle rates Buy one drink and get one FREE Extended Happy Hour 12 noon Bpm Entertainment by 2 top bands nightly (6pm 2am*) fImMCTIOMS A popular show band from the Philippines GtchiVid Singapore's f7\ most popular band OJC4i4£4f4ttil k M Mtux
      210 words

  • COMMODITIES
    • 819 12 Reuter CONSUMING COUNTRIES, chastened by the collapse of International Tin Council (ITC) price support operations in 1985, are insisting more than ever before that commodity accords reflect the reality of the markets they are serving, a Reuter survey showed. They want price ranges
      Reuter  -  819 words
    • 351 12 Reuter SRI LANKA will uproot rubber trees that are more than two years old and affected by the leaf disease corynespora, according to the head of the government's Rubber Research Institute. Rodney de Mel said affected trees less than two years
      Reuter  -  351 words
    • 247 12 Bernama ABOUT 60 PER CENT of Malaysia s smallholders are still producing grade five rubber, and the rest, grade four. Deputy Land and Regional Development Minister Kassim Ahmad said on Tuesday that the statistics clearly showed that the rubber produced by Malaysian smallholders was far
      Bernama  -  247 words
    • 714 12 Reuter "IF WE GO on using up farmland as we have done since 1980, there will be none left in 20 years to grow grain on," said Xu Jinfeng, an official in this village on the outskirts of Shanghai. Her comment sums up
      Reuter  -  714 words
    • 88 12 KEROSENE and gasoil were weaker, remaining under pressure from slack demand, ample supply and low winning bids into two recent tenders. Fuel oil was stable to possibly slightly firmer. Naphtha was quiet on thin trading. LSWR was quiet and unchanged. Crude (FOB origin) US$/boml Oiang* Duboi (May)
      88 words
    • 293 12 HONGKONG: Gold closed above New York's final level on a wave of short covering after fluctuating fairly widely. Dealers said local investors and US bullion houses sold gold in early trading and they were later joined by the Soviet Union. But short covering by Swiss and US interests
      293 words
    • 279 12 Chinese Produce Exchange Sellers' noon dosing prices on April 1 (SS/100 kg) Coconut oil Buft FOB 87.00 Old drum FOB 97.00 New drum FOB 101.00 Copra Mixed (loos*) 49 sellers Pepper Mucttok white FOB NIW 1110.00 Sarawak white FOB foq NIW 1095.00 Sarawak special block FOB NIW 902.50
      279 words
    • 124 12 THE PRICE OF TIN on the Kuala Lumpur tin market yesterday roea four cants at the doee to MSI 6.65 par kilo on short covering. The M 516.61 level which had prevailed for four successes days attracted strong buying demand whan the marfcat opened, with bids of 237
      124 words
    • 170 12 SINGAPORE The market closed quietly steady yesterday with May 1 RSS buyers quoted at 195.00 cents/kilo, up 0.25 cent from Tuesday. TSR-20 May and June both closed down one cent at 164.50 cents/kilo. MALAYSIA The market closed mixed in quiet trading. May. which was the new trading month for
      170 words
    • 317 12 RAS prices In S CMMtg, FOB In bate NOON CLOSE Buyers S#ll#n Buyers Sellers kit 1 OSS Prompt 198.00 199.00N 199.25 200.25N tnt 1 RSS May 87 193.75 194.25 195.00 195 JO bt 1 RSS Jun 190.25 190.75 191.75 192.25 Int 2 RSS OP 181 -50 183
      317 words
    • 79 12 (cann/kg, 1 -ton polteti) MAY 87 JUNE 87 (current month) (forward month) NOON NOON RAS S*H*n Sdltn SIR 20 169.50 171.SON 169.50 171.50N SSS 50 168.50 169.50N 168.50 169.50N MRELB lwy*n StIWn Buy*n Saltan SM» cv ***** 247.00N 346.00 348.00N SMK I 344.00 346 00N 345.00 247.00N
      79 words
    • 331 12 London Commodity Exchange Buyer/S*M*r dosln g prices an Mordi 31 (£/tonn* unlets specified) Previous day's doting prices In paranihesis Coffee Exduding US impo <t duty, basis In-star* London, M •Iters option OF London Mardi •xpired (1255/1265) M^h/Low 1260/1243 May 1270/1273 (1276/1280) Wgh/Low 1285/1271 r r,!,. jowl (2291) Cocoa
      331 words
  • Page 12 Advertisements
    • 376 12 S3 DBSBANK THE DEVELOPMENT BANK OF SINGAPORE LTD (Incorporated in the Republic of Singapore) REDEMPTION OF S$7 1 />% CONVERTIBLE UNSECURED LOAN STOCK 1991 AND TERMINATION OF CONVERSION RIGHTS To: All Loan Stock Holders 1 REMINDER 1.1 This is a reminder to all Loan Stock Holders. 1.2 The Development Bank
      376 words

  • SHARE INFORMATION
    • 4274 13 THE stock market witnessed lacklustre trading yesterday, with prices easing across the board. The Straits Times Industrial Index shed 12.83 points to 1.043.94 while the more broadly-based BT Composite Index fell 11.83 points to 914.22. Total turnover was thin at 17.39 million
      4,274 words
    • 246 13 Rises Koto Kowan 300 lou**odco 114 MMol ki Spar* 466 P M Hldgi 310 SW 406 Mow for ]|2 OUt 360 tt»»r»l*w 354 C 1 Holding. .129 AT 22< 182 Falls M bmrin 860 DIS 1160 SIA 1110 ICS 1010 Sport Land 590 M tanking 665 Jwrang
      246 words
    • 3679 13 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "SETT"
      3,679 words
    • 308 13 SEALION HOTELS Limited: 11th AGM at Gateway 4 Room, Level 2, Pan Pacific Hotel, Marina Square, Singapore 0103 on April 18 at 10.30am. INCH KENNETH KAJANG Rubber Public Limited Company: 77th AGM at 5th Floor, Straits Trading Building, 4 Leboh Pasar Besar, Kuala Lumpur, Malaysia, on Monday. April
      308 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 512 14 Major companies offering 'B' shares as bonus Reuter INVESTORS are selling off holdings of Hongkong stocks following a spate of new share issues by leading companies. The Hang Seng Index fell 61.07 to 2,713.81 on Tuesday on speculation that Hutchison
      Reuter  -  512 words
    • 168 14 Reuter THE HONGKONG Stock Exchange said it will not accept further proposals by listed companies to issue new shares with reduced par value but equal voting rights. It said in a statement yesterday the exchange would review the previously announced proposals of bonus issues
      Reuter  -  168 words
    • 505 14 THE Kuala Lumpur stock experienced another dull and listless trading session yesterday and the lack of interest on the part of investors caused share prices to ease across the board. Only speculatives saw some activity while the rest of the market
      505 words
    • 124 14 HONGKONG Hongkong Index Wednesday 1736 32 Tuesday *****3 Week ago *****9 Hang Seng Index Wednesday 2695 91 Tuesday *****1 Week ago 2831 50 All Industrials Wednesday 2557 6 Tuesday 2563 4 Week ogo 2588 2 NEW YORK Dow Jones Tuesday 2304 69 Monday 2278 41 Week ogo 2369
      124 words
    • 1252 14 Current payment Ex dale Books doM Dale payable Total tor Vie year Total t« last yea A B N I3V»% NYA NYA NYA 27% 27% Acmo l%TE NYA NYA NYA 1%TE 4%TE Amcol 10% NYA NYA NYA 10% 10% Asiatic Dev 3% May 6 Moy 19 Jul 1
      1,252 words
    • 460 14 Bernama ES CREDITORS of the troubled Emporium and Supermarket Holdings Bhd (ESHB) in Peninsular Malaysia's central region have accepted in principle a proposal to convert their debts into share capital and to form a company to take over all unencumbered assets of the retail
      Bernama ES  -  460 words
    • 517 14 MBT COLD STORAGE Malaysia has finally completed revising its plans to build the first phase of its long-mooted Weld redevelopment project in the heart of Kuala Lumpur's Golden Triangle. The manufacturing-cum-retail group will now proceed with the construction of a 2%-storey shopping podium
      MBT  -  517 words
    • 2153 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 Afnomno ***** ***** Alcorn (718 7351 (21 76 IS
      2,153 words
    • 253 14 Monogers' price* for April 2 MARA-Bumiputra First B'putra 5 94 599 Singapore Unit Trust Second B'putra TH«rd B'putra 510 4 19 515 424 TH* CoMTCt 1 01 1 09 Fourth B'putra 476 483 Th« Savings Fund 0 86 095* Fifth B'putro 317 322 S'por* Prog fund 041 045
      253 words
    • 1078 15 ESSO MALAYSIA Bhd: Net profit after tax from petroleum and ammonia operations of Ms7o million ($48.7 million) on a turnover of $1.13 billion ($1.45 billion) and investment income of $8.9 million ($4.46 million) for the year ended Dec 31. 1986. Earnings per share came to 26 cents (18
      1,078 words
    • 174 15 FIRST ALLIED Corporation is proposing to tap the market for some M 545.36 million through a one-for-one rights issue. This will double its existing paid-up capital from M 538.26 million to M 576.52 million. According to the company, proceeds from the rights issue, involving
      174 words
    • 499 15  -  By LISA LEE AMERICAN financial conglomerate Bankers Trust Company is buying into local stockbroking firm Golden Hope Securities, making it the first US group to move into the local securities industry. Bankers Trust plans to acquire a 49 per cent stake
      499 words
    • 215 15 NORTH BORNEO Timbers Bhd (NBT) is to make a profit of Ms2.B million from the sale of its fully-owned New Zealand subsidiary. NBT said it had disposed of North Borneo Timbers (NZ) Ltd for $9.1 million cash because the subsidiary's forest
      215 words
    • 482 15  -  By CHUANG PECK MING CEREBOS PACIFIC Ltd is planning to spend up to $6 million this year to expand its highly successful restaurant division. The expansion, which involves the opening of eight more Pizza Hut outlets, will also take the chain across the
      482 words
    • 748 15 SHARE prices yesterday dropped lower at the official opening after earlier firmness. At 1200 GMT the FTSE 100 declined 29.7 at 1967.9 and the FT 30 fell 22.7 at 1554.4. On Tuesday, the FT 30 was down 5.1 to 1577.1 and the FTSE 100 fell 4.9 to 1997.6.
      748 words
    • 253 15 LAST FULL YEAR Company Period Date Yeor Net EPS Oram Net announced tnding (centi) dtv profit loft year (S-000) Fed Cables Interim Jun 87 6.1751 li) S J Amol Interim Dec 19 Mar 86 73 527 Maloyowcrto Interim Dec II Mar 87 30.4931 M Glass Interim Mar 7
      253 words
    • 110 15 Reuter EVERGO Industrial Enterprise Ltd has cancelled a capital reorganisation plan. It added that the firm's shares will resume trading today. It gave no further details. The company requested suspension of share trading yesterday without giving a reason. Stockbrokers note market speculation that Evergo
      Reuter  -  110 words
    • 180 15 MBT THE MOVE to corporatise stockbroking firms in Malaysia has taken a twist with speculation that new broking licences are to be issued soon to three commercial banks Bank Bumiputra, Malayan Banking and United Malayan Banking Corp. The development is said to have
      MBT  -  180 words
    • 30 15 Company BONUS ISSUE CCM Twotor'hree Ex do*»: Apr 7 Books dote: Apr 17 1 c s One-'or-four $6 00 per shore Ex-dot*: Apr 9 Books close Apr 16
      30 words
    • 236 15 Company RIGHTS ISSUE Bedford On* for one JO 50 per shore C 1 Holdings 27 million loon stocks in the ratio of (3 loon stock for every five ordinary shares held City Dev One tor tour J! 40 per shore Sights issue of bonus with warrants in the
      236 words
    • 148 15 DBS BANK has served notice of its intention to redeem all of its outstanding 7.5 per cent convertible unsecured loan stock 1991. Loan stock holders have up to April 21 to convert their loan stock into ordinary shares in DBS Bank at the rate of $7.20. DBS Bank
      148 words
  • Page 14 Advertisements

  • Page 15 Advertisements
    • 307 15 NOTICES IN THE MATTER OF TRADE CREDIT TRANSPORTATION PRIVATE LIMITED AND IN THE MATTER OF THE COMPANIES ACT. CAP. 189 ADVERTISEMENT OF RESOLUTION TO WIND UP NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of the abovenamed company duly convened and held at 3 Shenton Way #08-06 Shenton
      307 words
    • 110 15 maS UCBKM REGULATORS, 1174 REGULATMM 12(a) Notice is hereby given that I, GOH CHEE HWEE (MR) (Name of applicant) of 29-G, J ALAN HOCK CHYE, SINGAPORE 1953 (residential address) am applying to the Hotels Licensing Board, Singapore, for a Certificate of Registration in respect of premises known as AMBER HOTEL
      110 words

  • 432 16  -  By LOH HUI YIN SINGAPORE'S oil companies begin negotiations today with Petronas in what could probably be their last round of long-term processing contracts with the Malaysian national oil corporation. If clinched, the contracts which are expected to last three years will expire around
    432 words
  • 196 16 UPI A JAPANESE BUSINESSMAN, whose abduction 138 days ago by members of a crime syndicate imperiled Tokyo aid pledges to the Philippines and caused a sharp drop in Japanese tourists, has been freed unharmed. Nobuyuki Wakaoji, 54, Manila branch manager of giant trading firm Mitsui,
    UPI  -  196 words
  • 455 16  -  By BOEY KIT YIN FULL COPYRIGHT RELATIONS will be established between the US and Singapore when the two countries exchange diplomatic notes over the next few days. The move will provide copyright protection in the US to works published in Singapore.
    455 words
  • 139 16 Reuter THE NATIONAL BANK of Brunei (NBB) has agreed to withdraw its application for summary judgement for loan repayments from financier Khoo Teck Puat and five of his Brunei companies, court sources said yesterday. They said the case against defendant companies Leo Investment Corp
    Reuter  -  139 words
  • 223 16 BUILDING CONTRACTOR Liu Cho Chit's donation of $50,000 to the Singapore Symphonia Company is to be re-donated to the Community Chest of Singapore. The donation was mentioned in a court hearing on March 31 when Mr Liu was charged and convicted with the
    223 words
  • 70 16 Reuter CHINA said yesterday that the Communist Party would not be in power in a reclaimed Hongkong or Macau and that people in these territories would be allowed to criticise the party but not spread their ideas to the rest of China. Li Hou, deputy head
    Reuter  -  70 words
  • 280 16 THE CHINESE OFFICIAL in charge of foreign investment said yesterday that overseas businessmen had been scared off by a campaign against Western political ideas but predicted that investment from abroad this year would rise. State Councillor Gu Mu said in Beijing that some
    280 words
  • 113 16 AFP PAKISTAN yesterday strongly condemned what it called Indian Prime Minister Rajiv Gandhi s "antiMuslim and anti-Arab streak" in a recent statement on Islamabad's nuclear programme Mr Gandhi had reportedly said that any weapon produced by Pakistan would be an "Islamic bomb which is funded by Arabs
    AFP  -  113 words
  • 490 16 AP, Reuter THE US AND JAPAN remain a long way from a trade war in spite of market jitters that flared early this week. "There will not be a trade war," US Commerce Secretary Malcolm Baldrige told an Ex-port-Import Bank meeting in
    AP,; Reuter  -  490 words
  • 92 16 Reuter BRITAIN is unlikely to step in and scrap press legislation in Hongkong which journalists say imposes curbs on their activities. Government sources were yesterday commenting on the visit to London by the president of the Hongkong Foreign Correspondents Club, Jim Biddulph,
    Reuter  -  92 words
  • 64 16 Reuter THE KUWAITI government and private sector will study investments in Egyptian projects worth more than US$4 billion, said the deputy-director for Egypt's Public Authority for Investment, Mohye Al-Deen Gharib. The chairman of the Kuwait Chamber of Commerce and Industry, Abdul-Aziz Al-Saqr, said the visitors had
    Reuter  -  64 words
  • LATE FILE
    • 61 16 Reuter BANKS in Hongkong are likely to raise prime rates by half a percentage point to 6-1/2 per cent following a one-quarter point prime rate increase by two major US banks on Tuesday Dealers said that local banks might decide on the increase at
      Reuter  -  61 words
    • 63 16 AP SOUTH KOREA will end all restrictions on imports of semicondutor chips effective July 1, the Ministry of Trade and Industry said yesterday. The Korean action is in line with the government's import liberalisation timetable announced in 1985 and has nothing to do with the
      AP  -  63 words
    • 64 16 Reuter AUSTRALIAN Prime Minister Bob Hawke said yesterday that he would not call for snap elections though disarray within the Opposition was a strong "temptation". He told a Press conference in Canberra that elections would be held at the end of 1987 or early
      Reuter  -  64 words
    • 48 16 UPI PHILIPPINES Trade and Industry Secretary Jose Concepcion, calling for "trade, not aid", yesterday made an impassioned but failed plea to Australia for favoured nation status to give the country increased access for its exports. The Philippines currently has "developing country status" in Australia.
      UPI  -  48 words
    • 30 16 AFP INDONESIA'S non-oil or gas exports rose 8.7 per cent in value last year despite slumping world prices for a number of its traditional commodities. AFP
      AFP  -  30 words
    • 35 16 Reuter TURKEY'S Gross National Product grew an estimated 8 per cent in 1966 at fixed 1968 prices, compared with 5.1 per cent in 1985, the State Statistics Institute said yesterday. Reuter
      Reuter  -  35 words
  • Page 16 Advertisements
    • 313 16 i International Institute ol 1 Management Development. Lausanne. Switzerland The Job of the Chief Executive 7th Annual Session, Singapore April 19 24,1987 Exclusively reserved for top management, the seminar looks at the chief executives unique challenges and multi-faceted responsibilities, especially when operating in the Asian context. The seminar offers participants
      313 words
    • 109 16 Leader, Page 8 Brokers expect Tokyo stock market to rebound, Page 11 BBL BANK BRUSSELS LAMBERT PRESENTS A TALK ON "TURBULENCE INSIGHT ON THE WORLD FINANCIAL MARKETS" FASTEN YOUR SEAT BELTS BY ROLAND LEUSCHEL Institutional Investment Advisor and Chief Economist, Bank Brussels Lambert a Prominent radio commentator, frequent Wall Street
      109 words
  • Page 16 Miscellaneous
    • 56 16 wMorn Outlook: Fair oxcopt for showon ovar a faw araas in tha aflamoon. Raport lor 24 hours prior to 7.30pm on April 1 at tha airport Maximum tamparatura 33.4 Associated humidity 60 Minimum tamparatura 26.0 Assoc la>ad humidity 90 Hours of sunshlna 3.90 RalnfaN In milllmatraa nil RaMaM this month
      56 words

  • SHIPPING TIMES
    • 478 17  -  By LINDA CHEE THE SINGAPORE Maritime Officers' Union has set aside $600,000 for the next five years to help members upgrade their seagoing skills for better jobs. Employment prospects for home and local trade officers have narrowed down with the rapidly dwindling
      478 words
    • 228 17 THE West German shipping company HapagLloyd has placed an order worth 80 million marks (about US$45 million) for a container ship, with the Hudong shipyard of Shanghai, the line said in Hamburg. The 50,000-ton vessel, which is expected to be delivered in
      228 words
    • 136 17  -  By Kingsley Wood THE SERVICE offered to Australian shippers by the Trans-Siberian Railway has been improved with the introduction of a fifth ship for the Russian Fesco Line. Sealane Pty Ltd. Australian agent for the licensed Trans-Siberi-an Railway, Convoy Poseidon Transport, said the
      136 words
    • PORTSIDES
      • 139 17 UPI THE OWNERS of a British ferry that sank off the coast of Belgium on March 6 reaffirmed Tuesday that the death toll in the disaster was most likely 134, reversing an earlier statement that the toll could approach 200. Earlier that day, Dick
        UPI  -  139 words
      • 104 17 Fairplay SIX MONTHS after it began operation between Plymouth and Bilbao, the Trailship venture between UK haulier Tracto ltd and Compagnie Maritime Beige is to end. The twice weekly service, which was intended to take advantage of new business resulted from Spanish EC membership employed a
        Fairplay  -  104 words
    • 1491 18 Barber International a role to play for at least 100 years In January, Wilh Wilhelmsen spun off its marine division as a separate entity to offer ship management and consultancy services. Barber International began operations with more than 100 vessels under its wings many of which were owned by interests
      Lloyd's Ship Manager  -  1,491 words
    • 156 18 ITEL CONTAINER paid US$22O million for the container fleet and certain related assets of Flexi-Van Leasing. The acquisition will make Itel the largest of the seven sisters, the group of international container lessors which command over 30 per cent of the world container
      156 words
    • 702 18 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africo Ocean IX 4 Alltrans VII 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 ASCI III 1 Bait-Canada VII 4/5 Bait-Orient VII 4/5 Bank Line V 5 BBS
      702 words
    • 1049 18 CHARTERING is generally rather quiet on Tuesday with business still mainly confined to the grain and time-charter sectors, shipbrokers said The lower level of U5514.25 is reported to have been paid for grain from the US Gulf to Japan. However, this involves June/July loading and is therefore not
      1,049 words
    • 173 19 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line
      173 words
    • 174 19 Reuter WORLDWIDE orders for new tankers have risen sharply because of an increase in the volume of oil being transported and low construction prices on offer, a leading British shipping consultant said. Lev Sychrava Associates said the vessels were ordered by state
      Reuter  -  174 words
    • 551 19 Lloyd's List PROFITS for the maritime division of leading global container ship operator, Evergreen Group, fell by 23 per cent to U5554.7 million last year in spite of increasing gross income from US$l.O5 billion to US$l.23 billion last year The year, according to
      Lloyd's List  -  551 words
    • 190 19 ALL SURVEYS are conducted on March 23 Argentina Buenos Aires 25 vessels operating. Australia Brisbane Normal operation; Melbourne Normal operation; Sydney Normal operation. Bangladesh Chalna 10 vessels operating; Chittagong 20 vessels operating. Brazil Santos Strikes halt operation. Chile Valparaiso Normal operation. China Dalian and Xingang Normal operation. Colombia
      190 words
    • 354 19  - P O Australia hit badly by depressed trading in all sectors By KINGSLEY WOOD P O AUSTRALIA felt the cold winds of depressed trading in all the fields in which it operates during 1986 but particularly in its once highly profitable offshore services industry. Cancellation of exploration programmes in Australia
      354 words
    • 257 19 AP, AFP THE Panamanian-regis-tered tanker Xylos was reported sinking on Tuesday in the southern sector of the Gulf off the United Arab Emirates coast The London-based Lloyds Shipping Intelligence unit, which monitors maritime traffic around the world, said the 61.928-ton motor tanker was sinking near
      AP,; AFP  -  257 words
    • 102 19 Fairplay AN IMO subcommittee is studying the fatigue factor in manning and safety. The study is being undertaken in response to a paper issued by the International Federation of Shipmasters' Association (IFSMA) to the IMO Maritime Committee. The IFSMA wrote in a note
      Fairplay  -  102 words
    • 8294 24 ooaßGypiiß 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
      8,294 words
    • 1239 26 AT CONVENTIONAL WHARVES SPC XI J12 02 04/0800 0204/1800 MARINA WHARVES ~Vaaael Berth Arrival Departure Sawu M4B alongside 02.04/2300 KEPPEL WHARVES Hong Soon M3B 0204/1930 03 04/1830 Barber Hector Equator IV Folga G Selatan-9 K9 K22 K15 K17 alongside alongside alongside alongside 03.04/1500 0204/0400 0204/1500 02 04/0600
      1,239 words
    • 122 26 Area/Port Viscosity Density Water CST at 50C G/ML at 15C Volume 0/0 Africa/Red Sea Jeddah 149/195 0.946/0.973 0.0/2.4 Durban 99/193 0.988/0.992 0.0/0.2 Arabian Gulf Ras Tanura 139/245 0.946/0.968 0.0/0.2 Bahrain 181/194 0.968/0.974 0.1/0.2 Europe Rotterdam 38/454 0.955/1.006 0.0/1.8 Hamburg 35/405 0.944/0.990 0.0/0.6 Le Havre 25/374 0.926/0.987 0.0/0.8 Genoa 38/329 0.936/0.988
      122 words
  • Page 17 Advertisements
    • 686 17 Li Mammoth Hunters Jean M. Auel CORONET BOOKS Available al all Good Bookshops m Jlrj PUBLICATIONS 2 Jwonq RO<K3 S ri^pcKe Vi P6SBBSS mSm SNIPPING AGENCIES (Ro« No. 242K4/ 00K) alllf* 200 Ontomwnt Road #12-05 Southpoint Sinpport Q2« Mil// T«l *****11 TELEX NO RS ***** boSin&7J who? 2 35 2XI
      686 words
    • 67 17 WILH WILHELMSEN's formation of a new ship management undertaking encapsulates its already diverse interest in this field. Page II PROFITS for the maritime division of leading global container ship operator, Evergreen Group, fell by 23 per cent to U5554.7 million last year in spite of increasing gross income. Page 111
      67 words
    • 1121 17 A WOMAN Of POWER. SHE SUBSTAHCE needed love. SHE WANTED REVENGE. A WOMAN OF SUBSTANCE Bui what is the price Ju she has paid? Available at all good bookshops MAERSK LINE EUROPE The Direct Line Towards A Weekly Service from April Ist, 1987 Vtutl Voy S'p<X« Tha Mtt Anna M
      1,121 words

  • Page 18 Advertisements
    • 297 18 fmr?* COMPAGNIE MARITIME DAFFRETEMENT /L CM V REGULAR CONTAINER SERVICE FAR EAST TO MEDITERRANEAN AND EUROPE outbound TO north continent ALSO ARABIAN GULF AND INDIAN SUB CONTINENT Also accepting cargo to all U K destinations. Scandinavian (Aarhus. Copenhagen Gothenburg) and other European Inland points OUTBOUND TO MEDITERRANEAN VIILE DC BERCURE
      297 words
    • 17 18 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 383 18 EUROPE/FAR EAST CONVENTIONAL SERVICE TEL: 03-*****50 i Malaysia son bho. TLX: ***** MTM Frt. Booking contact Miss Gsn ANG S PORE LDG FOR Furtnar load/ discharging ports an route eub|*ct to aufttciant inducamant Singapore Off** MTM S'pora Ta». *****00 Tin: RS ***** MTM SEA. Fax: *****46 Huanpu-KMiKhMf-tetiM Bangkok 4MiHa-Hongkan|-KjeheMn| Europ*
      383 words

  • Page 19 Advertisements
    • 945 19 The Straits Steamship Group i Mansfield Container Shipping Pte Ltd Dfi/vn r«VAjL, Containers Limited CONTAINERSHIP SERVICE TO UK/CONTINENT:) Mm. A. OtaM, Maatoai M« accapttop La carjM li Curt Par*. [NEW ZEALAND SERVICE) P.Klat Pnft S'pot AUSTRALIA STAJI 3*3 OJ] 11/4 ESPERANCE MY 27/4 2*4 o*s i AMm Der-aa-tallaa na (Mai
      945 words
    • 861 19 Franco Belgian Services .1 r A .1W hrmt h >Vr% u ith b .1 r t ,t tt*rn I im*> (MEMBER OF ACE CONSORTIUM) CONTAINER SERVICE TO EUROPE COHTAHI SPORE P.KELANCLa Hanwß'ta* Hwi B'Havwi AM KOREAN JACEJIN 2 Apr (3Q Bhr) 2# Apr D Apr E Apr 25 Apr Star
      861 words

  • Page 20 Advertisements
    • 298 20 SE CONTAINERSHIP SERVICE TO UK/CONTINENT Hapag-Lloyd CONV/SEMI-CONTAINER SERVICE TO EUROPE CONV/SEMI-CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK/CONTINENT .7:1:1 SOUTHEASTASIA PTE. LTD. INTERNATIONAL FREIGHT FORWARDERS CONSOLIDATION SERVICE WEEKLY FROM PT. KELANG sU'iffiiiinn Accepting FCL and LCL Singapore: BIRKART S.E.A. Tel *****11 Pt. Kelang: BIRKART SDN. BHD. Tel *****66 TO
      298 words
    • 584 20 m A *su**A IKS LINE hh* s»wt FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ Mcmbw of th« Ace Comortun [FROM EUROPE VIA SUEZ J Member ol the Ac* Consort*™ MERCATOR <21 C.R TOKYO K ACE CONCORD K P K«4»njS pofi |h Konf KaoafMunf Butan Tokyo fUHY CONTAINERISED TO/fROM NORTH AMERICA
      584 words
    • 351 20 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: Ratty Ante/ UK (Newport) Antw/UK (Newport) SINGAPORE CALICO SHIPPING PTE LTD T 2S* Tli RS ***** CAUCO FAX: Z24SZ7I PORT KELANG PERKAPALAN UTAMA SON BHD Tel MUM KOTA KINABALU KESANAN SHIPPING SON BHD Tel nun (J iMtM) Fas: 3M7 TG.
      351 words
    • 966 20 jnirrmu i imta, inursaay, Apru z, 190/ M EVERGREEN 1 Full Container Service Round-Th»-Wofld East Bound (FE/CARIB/USEC/EURQ/FE) EVER GLOAT I*4 I*4 20/4 22/4 lOT zw *5 M* Ml LMKMG O* W W EVE* CI 081 20/4 3/5 iff 7/5 w EVER GRAND W5 10ft 12/5 14ff u EVE* GLEA4IY M
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  • Page 21 Advertisements
    • 657 21 PACIFIC INTERNATIONAL LINES \\m\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE SIN MY MM SIN M.W SU> SU> OLD ILD M FT SLD MPT «4 7/4 S/4 1/4 a/4 11/4 14/4 ISM 12/4 IS/4 If 4 21/4 22/4 CL VOY
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    • 103 21 ULK NOPBULK CARGO SERVICES LTD. X REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL OTOtt W MALAYSIA SP YEO SHIPPING t TRADING KL 7*3*44* P* 968T101 PENANG TANJUNG MARINE SDN BHD TIL 62K25 SABAH TRANSPAC K K SMttTTli?«
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    • 542 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT Cit» M EMMirfft V 5 EXPRESS CONTAINER SERVICE FROM UK/CONTINENT Hi ill, I fatraa W UK 1W 1* W Iff |BU. KB ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANC AND EAST MALAYSIAN PORTS KKJJEBSEN LINE NEW ZEALAND SINGmPORF PORT KlflNG K 11
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    • 612 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD r.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE S PAN JANG/ISM OCEAN PRIMA/7WB sriwijaya/unb LJ BONTANG/UVB CAN OA GAMA/IMB MATARAM/IMVB SPORE BILI MM/KB 13-I*4 10/5 21 MM »2M 24/5 20-22/5 190 21-24/5 1/7
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    • 390 21 BOUSTEAD SHIPPING AGENCIES M. lash to vaw MYOMAYWA WSJ* PA AN VIOM HTONEYWA V223W pagan ram BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok BANK LINE IVY BANK Vllft TOANA NIUGINI V3N TAUSALA SAMOA V9N MORAYBANK V3N SPORE ROAM HULL In Port 21/4
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  • Page 22 Advertisements
    • 1034 22 ECUADOR/PERU/CHILE KAWASAKI KISEN KAISHA. LTD. FEEDER VSL MOTHER VSL SPORE PKLG PNC SPORE KOBE GUAYAQUIL CALLAO ARICA IQUIQUt AFAGASTA S ANTONIO VALPARAISO F H BRIDGE VH TBN VSL 1 Apr 2 Apr 3 Apr SA«r M««r 7 May 15 Hey It May FEEDER VSL BOTHER VSL PKLC PNC SPORE KOBE
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    • 365 22 Accepting LCL and contalnarlaad cargo** Dtract to South Africa S.A. VAAL 2730F NEDLLOYD COLOMBO TOf S port Durten P Eliz C.Toem 11/4 1/5 3/5 4/5 27/4 11/5 13/5 14/5 FREIGHT LINKS EXPRESS PTE LTD SINGAPORE: TEL *****45 (20 LINES) Telci R52D247 FRISIN FACSIMILE *****31 K.L Tel: (03)*****80/1 Tlx: MA *****
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    • 741 22 //rt AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers f *«tong Lin* Vrnd S port IMC Pr«m Sytln Ate Accents CALABAR *33 Apr "RAMOAS' ViB 13 Apr 27 Apr t Mar 4 Mjy AM Bra ESTECLIPPER ¥.13 H Apr "CHANDIOAS" ¥.25 a Apr 13 May 22 Mj, 20 Mty AdMßru CALABAR
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    • 773 22 7s-7 GOLDEN LINE 5 a>, GUAN GUAN SHIPPING (PTE) LTD 23. TtM *»e' Street SMbAPORf 0104 TfL 534»«l HO IMS) STRAITS/PERSIAN GULF SERVICE: Spore p.KMang Pmm GOLDEN BEAR CotomOOfKafacm/Mina Qaboos,Dubai 12/14 Apr GOLDEN HARVEST Colombo Karachi'Dubai Bahrun 4/6 May CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC OF CHINA
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    • 463 22 I® lINTRASEA (PTiUTo! 15 Hoa Chiang Roarl. #07-02/03 Sanford Building. Singapore 0208 Tel *****11 (10 Llneel Bulk Orient Line I BREAKBULK SERVICE TO EUROPE/UK I AGIOS NIKOLAOS 1703 SAM WESTERN EXPRESS (704 15/4 S pore P. Keiang Leading forSAILED SETE/ROT/ART U K (HULL) ROT/ANT/EM U K (NULL) Agents Singapore INTRASEA
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  • Page 23 Advertisements
    • 783 23 NOL S NEPTUNE ORIENT LINES LTD K J Bahru NEPTUNE AGENCIES PTE LTD EE EU/AUST TPA/SEA HI No OHk* Twimnjl CFS BOOKINGS *****3 *****42 viuti nmn ***** a *****11 *****11 Ml EAST/EUROPE FULLY CQUfTAMBtISa TO EUROPE/UK (VIA SUEZ): >I)H rmn K JACEJIN m. SmM In Pt LGMIOGESW. 4/4 0 chief
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    • 391 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG. BUSAN, INCHON P n,n| p Kelang Buun Moji M EnterTOSN 7/4 10/4 >2/4 No I Dorvjm.TtGN IS/4 11/4 g/4 t/s No 7 Donam/7Q3N 17/4 a/4 2/S 7/5 2° W W 11/5 22/5 2° Jj 11/5 22/5 l/t M
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    • 608 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 KELANG PtNANC M/S HANDLING SYSTEM CO SON BHD MESSRS HAI THONG SHIPPING 127 PMM Strwt Pw««t
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  • Page 24 Advertisements
    • 320 24 SINGAPORE SHIPPING CORPN.tPTE) LTD. TEL. 225-6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD VEB DEUTF RACHT/SEEREEDERE I ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE TO EUROPE ig2ggy2H[Bslß3iliE63lßi -VIA LARNACA: Accepting cargo for Piraeus, Thessaloniki, Izmir, Istanbul, Mersin, Limassol, Beirut Alexandria, Port Said Iraqi, Iranian and other Middle-East destinations.
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    • 311 24 JVort fa/Z/n e mr E**t~South Africa Smrvic* REGULAR FULLY CONTAMERISED EXPRESS SERVICE u S ">* E P LOUIS DM E.IM P.ELU CTOI lANTAI PRINCE V-7S 4/4 13/4 17(4 19M 2BM ZIM NANTAI PRINCE V-7S NAN NWA V-3B NANTAI PRINCESS VI4S NANTAI PRINCE V4S NAN HWA VMS il Apfe EAGLE CORPORATION
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  • Page 24 Miscellaneous
    • 184 24 Regional Weather m y/j t s N I fZi Va m m c a u K M Si A: fci as fW\ -*v 11? SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed in knots Wave height LEGEND: R Thunderstorm Temperature °C Shower Weather *->/
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  • Page 25 Advertisements
    • 231 25 J CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8. *****8, *****5 07-*****1, *****3, *****5, *****0 02-*****22 *****88 Will WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER Ml' UUI ii'iiV. 771 OTHER DESTINATIONS: AARHUS, AMSTERDAM. ANTWERP, BASLE, BREMEN. BREMER HAVEN. COPENHAGEN,
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    • 230 25 NOSTRA SHIPPING PTE. LTD. TLX: ***** FAX: *****12 TEL: *****39/*****40 MN CONTAINER LINE lISA 5/4 TO: LA/LB, OAK/SF, N.YORK uo#t 12/4 LA/LB, OAK/SF, N.YORK ACCEPTING LCL/FCI TO ALL PORTS/IPI Bookings: MAC-NELS AGENCIES PTE. LTD. Tel: *****44 (22 Lines) MAC-NELS (MALAYSIA) SDN BHD P Kelang Tel: (03)*****78/*****07/*****77 MAC-NELS (PENANG) SDN BHD.
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    • 289 25 i COLUMBUS LINE REEDEREI GMBH (A SfRVICF Of HAMBUR(j-SUO) fXPRESS SFMTCONTAINFR SFRVICF TO NORTHBOUND TO UKC SPORE RDM/A DAM HBC MULL (U K IVYBANK VIIN In Port 26/4 30/4 3/5 TTOANA NIUGINI V3N 17/4 12/5 16/5 X TAUSALA SAMOA V9N 21/4 27/5 30/5 4* MORAYBANK V3N 1/5 4/1 9/« 13/6
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    • 199 25 FARGO SHIPPING COMPANY (PTE) LTD REGULAR express full container AND LCL S C ®VICE No* Orleans L HUOIS BRUSSEI I Sailed Philadelphia Halifax Sailed I Sailed Saitad Sailed Vtl E. MUOI6 I Sailed BRUSSEL SaM #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export)
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  • Page 26 Advertisements
    • 304 26 £3 Vlt O w Mi tsoiOSK. Lines Ltd CONVENTIONAL/SEMI-CONTAINER v ir*c EAST AFRICA MORNING GRACE VOY EAA9A OCEAN ELITE VOY EAA33A ASTRA PEAK VOY SWA2SA SUBJECT INDUCEMENT WEST AFRICA RAINBOW AVENUE VOY WAB2A RIVER OLI WAA3SA Rmks Subject Inducement. 5 Apr Mombasa. Daressalam 15 Apr Mombasa. Daressalam Beira 26 Apr
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