The Business Times, 9 April 1987

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 THURSDAY, APRIL 9, 1987 75 CENTS
    12 words
  • 199 1 Exchange rates THE S$ closed weaker at S$2 1380/90 ($2 1350/60) against the US$ in the forex market yesterday. It rose to $3 4592/4630 ($3 4608/45) against The local unit also went up against DM and yen. but fell against M$ and HK$ US$: 145.80/90 yen, 1.8295/305
    199 words
  • 601 1  -  Property tycoon eyes Orchard Square, Sealion chairman looks for another buy By AMY CHEOK PROPERTY KINGPIN Ng Teng Fong has made a renewed bid for Orchard Square, the last piece of undeveloped prime land along Orchard Road. Mr Ng is offering $175 million for the
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  • 430 1  -  By LOH HUI YIN MARKET MAKER Allan Ng, fresh from his successful purchases of two major commercial buildings last month, is eyeing another office block in Singapore's prime business district. This time Mr Ng's target is Keck Seng Tower in Cecil Street, a few
    430 words
  • 250 1 THE SINGAPORE stockmarket closed at a new all-time high yesterday with most share prices finishing higher but on low volume. The widely followed Straits Times Industrial Index pierced through its previous high of 1,082.89 achieved on March 10 to close
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  • 468 1 Reuter MOUNTING TRADE FRICTION between the US and Japan has raised fears among many of Asia's chief exporting nations that the row could inflict far-reaching economic damage. Businessmen and trade officials in major capitals around the region said that a US move
    Reuter  -  468 words
  • 117 1 NEW ZEALAND'S measures to liberalise trade could boost imports from Asean countries. Prime Minister David Lange said in Wellington yesterday, at the end of the eighth annual talks with Asean officials, that more liberal import licensing and lower tariffs should help the group's
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  • 120 1 Reuter SOUTH KOREA'S trade surplus is growing too fast and the government has begun measures to slow it down. South Korean Deputy Prime Minister Kim Mahn-Je yesterday said his country planned to increase investment, speed up the opening of the market to boost imports
    Reuter  -  120 words
  • 60 1 LAST SATURDAY saw 30,000 fans at the National Stadium cheering Singapore to a 2-0 victory in a pre-Olympics soccer tie. In Frankly Speaking on Page 9, BT Sports Editor Brian Miller though trying hard not to sound downright pessimistic believes that this was just an
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  • Page 1 Advertisements
    • 106 1 IMfIJOLS? Nutritional supplements for the whole family RAffLES CIT/ Gl gfrfid NOW! SEE GPF FOR SIFS. AND SEE WHAT A DIFFERENCE IT MAKES. We make it fast and easy for companies to get low cost financing under the Small Industries Finance Scheme Come to any of our 6 convenient branches
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    • 305 1 Survival of the fittest THE HIGH GROWTH YEARS for sports drinks has since slowed in Singapore. Some brands have come and gone quietly while the survivors battle to stay in the running. The sports drink people themselves acknowledge that, in the end, the big boys will get bigger and the
      305 words
    • 93 1 Full report, Page 13 Asian Stocks, Page 11 Int'l Stocks, Page 10 Melwani, exclusively male.. V gc at Me\^an^ s&sg&sss**: 9 1 V Europe's l^SSSmll Wsgs2S«£ yOU. S^ e P Y=\\j~~l n P\ So 10T °V in vo u tor men. *02-14/15 Shaw Centre Tel *****42 *02-23. PiazaSmgapura. Tel *****29
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    • 18 1 BALLY of SmrzrrianJ .meets the i Italicnw 11 Uhi J s« r>! SG Parrett Son (Pte> ltd S'W"
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  • HOME NEWS
    • 515 2  -  By LIM SOON NEO THE CONSTRUCTION of the $5 billion Mass Rapid Transit system, the largest project to-date, will be a stepping stone to other major projects as Singapore enters the technological era. This point was made by Mr Michael Fam,
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    • 265 2 SENIOR EXECUTIVES from mid-dle-sized Japanese firms returned to their home base in Osaka after exploring business investment opportunities in Singapore. Because of the appreciation of the yen Japanese companies have lost their competitiveness and they need to locate operations in countries such
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    • 444 2  -  By JEFFREY TSANG AMERICAN COMPUTER company Silicon Graphics has set up its Asean-lndia headquarters in Singapore to market 4-D systems. And it is doing so with the blessing of the National Computer Board. But the NCB's endorsement of the company is not surprising
      444 words
    • 210 2 AN APPLICATION for extension of the annual employment permit for the Singapore bureau chief of the Far Eastern Economic Review, Mr Nigel Holloway, has been refused. A press statement by the Review's editor, Mr Derek Davies, noting that no reason was given for the
      210 words
    • 117 2 THE BRITISH High Commission yesterday announced the appointment of a new high commissioner to take over from Sir Hamilton Whyte who will be retiring in May. The new British representative in Singapore will be Mr M E Pike CMG. Mr Pike has been Minister
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    • 303 2 y Seminars and Courses r Cahners Tel *****13 fl J Exposition Tlx RS ***** Group Fax: *****66 Seminars and courses DURATION TITLE VENUE ORGANISER TELEPHONE Apr 19-24 The Job of the Chief Shangri-la Hotel Singapore *****66 Executive Institute of Management Apr 20 National Certificate Notional National *****66 (commence-
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    • 326 2 THE SINGAPORE Institute of Standards and Industrial Research (Sisir) is spending about $5 million over the next three years to set up a food technology centre. The new equipment and facilities will be acquired over the next three years. But the centre itself,
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    • 346 3 SINGAPORE APPAREL 87 (SA) unravels itself today for a threeday extravaganza under scrutiny of some of the world's fashion experts. Textile makers and fashion designers will have their chance to capitalise on two years of planning and expenditure of more than $1 million by
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    • 1083 3  - From rags to riches the Liz Claiborne story .--•SINGAPORE# Appmjf The wraps come off Singapore's fashion trade today. Top US clothes maker Liz Claiborne this morning declares open Singapore Apparel '87, a million dollar effort to show the world that Singapore can be a fashion centre. International buyers are in
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  • Page 2 Advertisements
    • 233 2 X SOMEWHERE ALONG THE WAY, YOU MAY BEGIN TO RECOGNISE A FEELING YOU'D ALMOST < EORGOTTEN. IT S CALLED TAKING A BREAK'. TO FIND IT, COME TO THE HILTON INTERNATIONAL SINGAPORE TO YOUR TRAVEL AGENT ABOUT OUR SUITE LIFE. FOR AS LITTLE AS $240' NIGHT, J YOU CAN EXPERIENCE OUR
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    • 217 2 AAA. A. A a INDIAN TRADE EXHIBITION HALL NO. 3, WORLD TRADE CENTRE SINGAPORE APRIL 6-12,1987 SEMINAR ON JOINT VENTURE POSSIBILITIES IN ELECTRONICS DATE TIME: April 10, 9.15 a.m. 12.30 p.m. VENUE: WORLD TRADE CENTRE 11TH STOREY, Conference Room No. 1, (Lifts at Lobby C D), Maritime Square, Singapore 0409.
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  • Page 3 Advertisements
    • 246 3 We've outdone ourselves with the LaserJet 11. We've not only mode the world's best-selling loser printer better. We've mode it even more offordoble In 1984 Hewlett-Packard's LaserJet printer revolutionized the desktop laser printer market. Its compact size, high-resolution printing, speed, and compatibility with most popular PCs made it the market
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    • 367 3 Your last opportunity to own a choice residence in Singapore's most exclusive district. DALVEY ESTATE ROAD f A 4 Only four residences available Each with a distinct architectural variation. Hie land title is freehold These are properties you will keep in your family for generations. Now is the best time
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  • 746 4 ARRIVALS Operator Service Local From number time MAS MH603 1020 KUL GlA GA975 1055 CDG/AUH RBA BI421 1100 BWN GlA GA960 1100 CGK SIA SQ105 1105 KUL SIA SQ201 1145 CGK SIA SQ191 1155 PEN THAI TG403 1155 BKK MAS MH682 1230 KCH GlA GA940 1235 MES
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  • ASIA-PACIFIC
    • 582 4 FT THE HONGKONG government has responded to US allegations that the territory is the main "grey market" for the sale of cut-price Japanese memory chips by in effect telling the US administration to mind its own business. Michael Sze, Hongkong s Director of Trade,
      FT  -  582 words
    • 246 4 UPI AUSTRALIAN Prime Minister Bob Hawke accused Libya on Tuesday of promoting terrorism and unrest in the South Pacific and warned island nations against dealing with Colonel Muammar Gaddafi's regime. Mr Hawke said Mr Gaddafi had a "monstrous record" in dealing
      UPI  -  246 words
    • 192 4 Reuter THE RULING National Democratic Party (NDP) of Egyptian President Hosni Mubarak took 75 per cent of the seven million votes cast in Monday's general election, but incomplete official results indicated some socialist and Muslim Brotherhood gains. Early results showed the Socialist
      Reuter  -  192 words
    • 167 4 AFP PHILIPPINE leftist rebels could seek military aid from socialist countries in view of increased US intervention in the local insurgency, a spokesman said. Antonio Zumel, the spokesman of the communist National Democratic Front (NDF), told the Manila Standard newspaper in an interview
      AFP  -  167 words
    • 407 4 AP A SYSTEM giving the directors of China's state-run enterprises decision-mak-ing powers must be implemented nationwide before a law on the subject can be passed, according to a vice-chairman of the National People's Congress legislative affairs commission. Gu Airen said on Tuesday at
      AP  -  407 words
    • 252 4 AP SOME CAMBODIANS who escaped the killing fields of their homeland have appealed to President Ronald Reagan and the rest of the world to brand the death of two to three million of their countrymen as genocide. "Bring those who have committed
      AP  -  252 words
  • Page 4 Advertisements
    • 279 4 I i I I I The business person's choice, every I I II \I I Iff II I Tuesday, Saturday and Sunday. I M Ml I Jl Ml Leaving Changi Airport at 22:05 I IV/-L IJ_-S hours and arriving Heathrow at 06:45 hours the following morning. Call your Travel Agent
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  • REST OF THE WORLD
    • 477 5 Reuter THE US has made a strong appeal for strengthening the powers of the 93-nation Gatt to enforce world fair trade rules. US Deputy Trade Representative Michael Smith issued the call on Tuesday at a special committee meeting looking at the future of the
      Reuter  -  477 words
    • 123 5 AFP THE FRENCH government will fund the construction of new prisons to relieve overcrowding in jails, and state officials will staff them, Justice Minister Albin Chalandon said in Paris on Tuesday. The minister's decision was seen as a major backdown by the government,
      AFP  -  123 words
    • 292 5 AP THE PENTAGON is prepared to assist industry in regaining its competitive edge in key technologies, but industry itself must attack the problem without relying on trade barriers and tariffs. US Defence Secretary Caspar Weinberger told the Electronics Industries Association in Washington
      AP  -  292 words
    • 205 5 Reuter THE OFFICIAL Soviet news agency, Tass, on Tuesday accused US President Ronald Reagan of trying to stir up chauvinism among Americans in a speech to the Canadian Parliament. "President Reagan, in his speech to the Canadian Parliament on Monday, stirring up chauvinist passions in
      Reuter  -  205 words
    • 117 5 AP YOUNG PEOPLE are hardest hit by unemployment in both industrialised and developing countries, according to an International Labour Organisation survey released on Tuesday. Nearly half the jobless in several countries are in the 15-to-24 age group, which bears "the brunt of continuing high
      AP  -  117 words
    • 582 5 NYT PAUL VOLCKER, the chairman of the Federal Reserve Board, warned on Tuesday of substantial risks to the American economy, including recession, if the US relied on further depreciation of the dollar to redress its record deficit in international trade. "There are clear
      NYT  -  582 words
    • 295 5 AP THE PRESIDENT of West Germany's central bank, Karl Otto Pohl, has cautioned that a "crash landing'' of the US dollar against other major currencies could trigger a worldwide recession. Mr Pohl, in Washington for a meeting of finance officials of the world's major
      AP  -  295 words
    • 71 5 GREECE will reply to a Turkish message on their Aegean Sea oil-rights dispute by Saturday, government spokesman Yannis Roubatis said on Tuesday. Mr Roubatis said that if Turkey's reaction to the Greek reply was suitable, both sides could begin talks on a joint document
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    • 427 5 Reuter FRENCH PRIME MINISTER Jacques Chirac pledged on Tuesday to carry through his Conservative government's economic policies to prepare France for the liberalisation of European markets in five years' time. Unveiling his government's programme for its second year, Mr Chirac said France
      Reuter  -  427 words
  • Page 5 Advertisements
    • 118 5 EQUITY INVESTOR AUSTRALIA An Australian manufacturer of telephone related products and maintenance and network testing equipment seeks an Equity Partner preferably electronics/ telecoms industry. This is an ideal opportunity for an intending business migrant to Australia wishing to maintain home base and expand abroad. For further details in strictest confidence,
      118 words
    • 104 5 NOW OPL\ ON t lit. 701 H FLOOR Located at the 70th floor of The Westin Stamford, the world's tallest hotel, the Compass Rose presents the most spectacular views of Singapore, its harbour and its neighbouring countries. At the Restaurant, choose from an exquisite menu, featuring Continental cuisine. Or relax
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    • 5 5 Japan*** Investors undatarrad, Paga 7
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  • Page 5 Miscellaneous

  • MONEY AND EXCHANGES
    • 1020 6 SINGAPORE: The US dollar rose against most major currencies in thin trading yesterday on late short covering ahead of expected currency talks in Washington. But dealers said that operators did not take large positions as they waited for news over the outcome of the meetings The dollar closed firmer at
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    • 220 6 Interbank rates at 3pm yesterday: Currencies Nominal rates ton 4 o Bid Offer croea parity change Local dollars to one unit of foreign currency: US dollar 2.1380 2.1390 2.8196 -24.17 Sterling pound 3.4592 3 4630 7.3469 52.92 Australian dollar 1.5179 1.5197 3.4286 -55.73 NZ dollar 1.2282 1.2309 3.4286
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    • 232 6 ASIAN DOLLAR deposit rates closed steady at opening levels in quiet trading yesterday. Asian dollar CO rates were little changed from the morning's levels in quiet trading. One month closed at 6 40/30 per cent, threes at 6 55/45 and sixes at 6 70/60 Interbank deposit rates
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    • 203 6 Indicate* the average of the prime lending rates of 12 major banks in Singapore i Interbank market rates (offer/bid) on April 8 us* DM SWFC Y«n 7 doyt 6 3/8 1/4 10 1/i 10 3 13/16 11/16 1 1/i 7/i 3 7/i 3/4 1 6 7/16 J/16
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    • 658 6 JUNE Eurodollar opened six ticks lower compared with the previous close at 93.26 but recovered during the session on a firmer US dollar to a high of 93.31 in cautious trading Newspaper reports on hopes of stronger joint Intervention and the possibility of issuing yen-dominated US bonds being discussed
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    • 59 6 THE OVERNIGHT rate on the Singapore interbank market rose point to close at 4 per cent yesterday. The term rates shed 3/16 point across the board. S$ Interbank rates at 7pm yesterdays OH* tkS O»night 4 3 1/2 1-mon* 3 5/16 3 3/16 2-mon* 3 5/16 3 3/16
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  • Page 6 Advertisements

  • WORLD BACKGROUND
  • Page 7 Advertisements
    • 103 7 I. > ft" ;w fft i *i x 11. Jf I/»L. I» JT t ''J V kJ* v mmmmW' w J Sm r-y,. > I 4TO^I W1,4?r APERFECTLIKENESS the morning sun rising through a lightened sky touches, too the surface of a pool in which the world and image are
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  • FEATURES
    • 461 8 ALL TOO OFTEN, the ordinary citizen ends up feeling frustrated, even helpless, when he or she has to battle a faceless corporation over some dissatisfaction with a sale or service. The corporation s bureaucratic machinery can seem all-powerful. Increasingly, however, corporations are recognising the importance of effective
      461 words
    • 2098 8  -  In the fiercely competitive sports drink market that has witnessed a few new entries recently, the battle to stay in the running continues to take its toll. For the survivors, it is a case of the big getting bigger and the small getting
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  • Page 8 Advertisements
    • 163 8 M onagers ust anage BT shows you how every Monday. JAFAN can be affordable. NTA HOTEL Rf\SS 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
      163 words
    • 193 8 The First Class In )tel with the Business Class Rate. fA &>**% j -&?*> w (tu I inn ht n V 7 U»/ nh hrut) •\rri'i Iri.l.u >r v ittirJiv. Irp-rt s nn,l i\ i<r M< >nil.i\. Vn\ nl in! !r. >i n, u till IVi M. I**7. I clrhr.itc
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  • Page 8 Miscellaneous
    • 684 8 |BriBtcw:ft»nkDic*er£ u)euu,ueLL. siR R£GIN*LD CHCSTeßpe.Rßv.oufc e»euyco F»Rrvs rooroec is PAYING US A VISIT. NOT PiHOTHGR Neu) SOLLS KOYCC J SNIFFMDON'T COn>e KOurvJD weee "neviNG TD vAJS PEASANTS JOYOUS/ i I»>«t S< Co lt< iu :h' Nice ONC.eH? IT'S THE. LKTfcST 6TRCTCH6D moDCX- COCXTOL 06«Ne.T. TV. *WC> V»OeO.....TuX> TEI£.PHOWeS... CONOiTtONWG FuU-Y
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  • SPORTS
    • 527 9  -  By WALTON MORAIS PATRICIA GOH fired the day's lowest score in the Ladies Premier League on Tuesday and established herself as one of the early favourites for tomorrow's Warren Ladies Open golf championship. Although Pat's top-notch performance a five-over-par 77 came
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    • 252 9 7.30 AM Cara Eio, Joan Tan, Susie Seow; 7.36 T Griffin, Ong Kim Ling. L L Langdale; 7.42 M Muluk, A L Lowenborg, Mona Kao; 7.48 H De Beijer, Lily Chua, Y Aoki; 7.54 Joan Keen, L Cabrera, A J Wood; 8.00 Pam Barton, L Foxton, Y Kido;
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    • 231 9 AP STEFAN EDBERG of Sweden, the tournament's top remaining seed, held off a furious rally by Tim Mayotte of the US, to win 6-2, 7-5, 6-7, 3-6, 6-1 on Tuesday in the quarter-final of the World Championship Tennis finals. Edberg. the top
      AP  -  231 words
    • 591 9  -  Jranklif speaking.... BRIAN MILLER IT WAS A SCENE that must have warmed the hearts of all at the Football Association of Singapore. There they were, an estimated 30,000 fans all dressed up with somewhere to go cheering themselves hoarse just like it was in
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    • 105 9 AP THE 555 HONGKONG-BEIJING rally, one of China's foremost international sporting events, is to bid for a place in the world championship for car rallies. Organisers in London said they had asked Fisa, the governing body of motor sports, to consider the possibility of
      AP  -  105 words
    • 333 9 Reuter JACK NICKLAUS will be armed with an extra piece of equipment when he begins the defence of his Masters golf title today contact lenses. The 47-year-old Nicklaus, who stunned the golfing world when he won a record sixth Masters last year, has confessed
      Reuter  -  333 words
  • Page 9 Advertisements
    • 186 9 %u recognise style but can you say what it costsl We have deliberately left the prices off these fine pieces of furniture and lighting. Not because we think we have anything to hide; rather because we'd like you to join us in a little experiment. think we'd charge for them.
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  • Page 9 Miscellaneous
    • 1133 9 wj as© oaaiß > <■*. Rex Harrison stars as the Grand Duke and Jan Niklas as the Prince Erich in their supporting roles. PM SBC Text Sample Pages. Opening and Programme Highlights followed by Catch Phrase. Soldiers Experience of War: This last episode of the series examines the experience of
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  • INTERNATIONAL STOCKS
    • 337 10 FT ELDERS IXL, the Australian brewing, financial services and pastoral group, is planning to spin off its chain of 5,000 Courage Public Houses. which may be worth up to £1 billion. Courage. Britain's sixth largest brewer, was acquired by Elders last year
      FT  -  337 words
    • 204 10 Reuter TEXACO INC has received another blow in its US$9.l billion legal dispute with Pennzoil Co, raising the stakes of any settlement and bringing a possible bankruptcy filing closer, securities analysts said. Earlier on Monday the US Supreme Court overturned a Lower
      Reuter  -  204 words
    • 415 10 Reuter WALL STREET'S fears about interest rates and inflation were re-ignited on Tuesday, triggering a sharp selloff in active trading. Profit-taking and arbitrage related sell programmes, taking a cue from falling bond prices, combined to pound the market sharply lower. The Dow Jones Industrial
      Reuter  -  415 words
    • 126 10 APR 07 C < Inco 21% 40 Int Prov Pipe 48% Alcan Alum 53% 26 Algoma Stl 17% 14% Bank Nova Scotia 18% McMil Bldi 28% Bank Of Montreal 33% Molson A 25% Ball Canada 42% Moore Corp 34% 44 1 32 Brascan CI A 37% Northgate Exp 10%
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    • 168 10 APR 07 RAND Tongaat Trust Bk 190 10 Un Steel MDUSTRIALS Wooltru A Alpha 1625 MM# •OS Abercom 385 -5 1800 25 7200 150 560 AMIC 6500 -100 2325 25 2300 50 Buff els 7500 50 -210 1550B CNA 4600 -25 530 1000 25 3950 40 Fad VolK 1600
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    • 635 10 AM 07 US S Atcan Alumin Alcoa Alleg Intl Allied Sig Allts-Chalmers Am Brands Inc Am Can Co Am Cyanamid Am Elac Pwr Am Expreea Am Ho ma Prod Am Motors Cp Amax Inc Amerada Haas Amoco Corp Amr Corp Armco Inc Aaarco Inc AH RichtiekJ Alt Avon
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    • 931 10 Amsterdam APR 07 FLS ABN 538 00 -45 Aegon 94 20 1.2 Ahold 112 50 -*-06 Akio 139 60 -06 Alrenta 145 20 0 2 AMEV 72 50 0 8 Amro Bank. 86 70 0 4 Am Stad 128 70 -03 Berkel 1950 1 BOLS 164 50 4-4
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  • Page 10 Advertisements

  • ASIAN STOCKS
    • 481 11 HONGKONG: A ruling by securities authorities barring the issuance of new B' shares helped buoy sentiment, sending share prices to a sharply higher close yesterday, brokers said. The Hang Seng Index ended at the day's high, up 64.85 at 2,729.55, and the Hong Kong Index was up 41.92 at
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    • 310 11 kPR 06 NT Kolin 29 90 05 Kuochan Dev 34 90 0 1 Lee Chang Yuen Ml Smcere Indus 396 -0 18 Chem Indus 37 70 17 ksia Cement 40 00 1 3 Lien Hwa Indus 24 90 +1.1 Cathay Cons 48 50 -0 5 Nan Ya Plas 43
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    • 457 11 TOKYO: Prices climbed to a record close yesterday in heavy volume on buying sparked by news on Tuesday of a proposal for a 5,000 billion yen supplementary budget for fiscal 1986/87 aimed at stimulating the economy. The market average surged 128.34 to a record close of 22,912.99 but earlier
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    • 82 11 IPR 09 PESOS Marsteei Oriental B 0 027 unch >coie Mining inglo Phil Phil Overseas Philex B 0 043 042 unch 001 >pex Mining B Has Con B 0 0650 23 -0 005 2 Picop B PLOT 367 50 -75 laguio Gold 0 012 San Miguel 8 136 0
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    • 485 11 SYDNEY: Australian share markets closed at record levels yesterday, recovering from early lows as prof-it-taking dried up and buyers returned to the market. Profit-taking which began late Tuesday persisted in early trading, but halted towards midday as buyers looked for bargains among gold and industrial stocks. Bullion prices rose
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    • 132 11 APR M WON Kal 1320 -70 Cheil Sugar 3100 -49 Kangwon Ind Kia Motor ***** 1690 -700 -^3 Daelim Ind 9350 -8463 Kolon IrxJ 4400 •100 Daewoo Corp 979 -61 Korea Long Term 2287 -100 Daewoo Heavy 1295 -70 Lucky Ltd 1410 -55 Daishm Securities 3950 -200 Oriental Brewery
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    • 166 11 Reuter BANGKOK: The Stock Exchange of Thailand Index rose 3.16 to 232.71 on a turnover of 2,313,924 shares worth 309 million baht. Reuter APR M BAHT ISaha Union 199 7 Ao Kham Thai Siam Cement 873 12 Ayudhya Investment 286 -10 Siam City Bangkok Agro-lnd 86 50 55 Ctmtnt
      Reuter  -  166 words
    • 602 11 AFP. THE HONGKONG Stock Exchange has slapped a total ban on any new issues of enhanced voting-right B' shares, a business strategy which observers said had highlighted anxiety towards a flight of capital before 1997 when China takes control of the British
      AFP.  -  602 words
    • 81 11 Reuter SARA HOTELS of Sweden has signed an agreement to form a joint venture with All-China Returned Chinese Organisation, to set up and manage a five-star hotel in central Beijing, Sara President Matti Sarkia said. The new hotel is due to open in October 1989.
      Reuter  -  81 words
    • 107 11 Bernama PREPARATIONS for the privatisation of petrol stations throughout Indonesia have been completed and a ruling on this matter will be issued soon, the state-owned oilcompany Pertamina said. Pertamina's domestic marketing director Sutan Assin said the privatisation, however, will not completely abolish the company's
      Bernama  -  107 words
    • 118 11 Reuter CRUSADER INVESTMENT is to buy a 11.24 per cent stake in Hongkong company Chience Ltd for US$6 million in cash and stock as part of a plan to acquire Brazilian gold mining interests. It said in its prospectus for the transaction that it
      Reuter  -  118 words
    • 105 11 Reuter TDK CORP, a manufacturer of magnetic tapes, has set up a 100 per cent subsidiary in Hongkong to make small ferrite cores for audio and video products. A company spokesman said TDK Manufacturing (Hongkong) Co, capitalised at 10 million yen, was established on April
      Reuter  -  105 words
  • Page 11 Advertisements
    • 674 11 1 y# at m V, I m m w- rm wss#*:-. £M%" a. 353 r* JI TT*. w; m i 8s ir.f> S- SMMab r,"3MOMK Fashionably hyatt Join the fashion-conscious every- Tuesday, Wednesday and Thursday (3 6 pm) in The Lounge. Watch our models parade the latest collections while you
      674 words
    • 78 11 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 ■QhM top bands nightly miwcTioris 'oP A popular show band V from the Philippines ei Orchard Singapore's n\ most popular band GAIRNHIII tOQXTAU
      78 words

  • COMMODITIES
    • 416 12 Overdue price rebound expected Reuter SILVER, long neglected among precious metals, has suddenly taken the spotlight from gold and platinum and may be headed (or an overdue price rebound, according to bullion analysts and traders. Silver bullion closed in London on Tuesday at U556.67 an
      Reuter  -  416 words
    • 195 12 AFP COFFEE PRICES are likely to hold steady for the time being as participants in the International Coffee Organisation appear reluctant to discuss quotas, according to London commodity trader E D F Man in their latest market report. But they added that such
      AFP  -  195 words
    • 102 12 AP IRANIAN Minister of Commerce Hassan Abedi Jaafari said on Tuesday his country was exporting some agricultural products and foodstuffs as part of a plan to diversify the sources of its revenue. The official Islamic Republic News Agency said Mr Jaafari made the remark during his
      AP  -  102 words
    • 143 12 Reuter THE SOVIET Communist Party has criticised the Grain Products Ministry for inadequate book keeping, failing to ensure proper grain storage and turning out poor quality bread, the party daily Pravda reported. Pravda said losses in the industry owing to waste and theft
      Reuter  -  143 words
    • 434 12 Crude palm oil futures eased from initial highs on renewed selling and buyers' reserve but still managed to close slightly higher yesterday on the KLCE. A firmer overnight Chicago soyoil futures close supported early prices. Trading activity was much reduced on a lack of fresh factors and price
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    • 284 12 Chinese Produce Exchange Stlltn noon ciosiog prices on April 8 (SS/100 kg) Coconut oil Bulk FOB 88.00 Od drum FOB 98.00 New drum FOB 102.00 Copra Mixed Doom) 50 Pepper Muntok white FOB NIW 1062.50 Sarawak whit* FOB foq NIW 1047.50 Sarawok special Mack FOB NIW 890.00 Sarawak
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    • 78 12 1 (cams/kg, 1 -ion potWn) MAY 87 JUNE 87 (currant month) (forward monltt) NOON NOON RAS tuyri S*U*r> lvy*n S«*l«n SSft 20 170.00 172.00N 170.00 172.00N SS» 50 169.00 170.00N 169.00 170.00N MRELB S*lt*rj S*ll*n SM* cv 241.00 243.00N 242.00 244.00N SM* I 240.00 242.00N 241.00 243.00N
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    • 327 12 London Commodity Exchange Buyer,/Seller doting prices on April 7 (£/torme unless specified) Previous doy't doting prices in parenthesis Coffee Basis in-irore London, sellers option CIF London May 1258/1260 (1242/1245) High/Low 1265/1245 Juiy 1268/1270 (1251/1253) High/Low 1274/1253 Soles (3935 Cocoa May 1290/1291 (1290/1292) High/Low 1296/1287 Juiy 1318/1319 (1317/1318) High/Low
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    • 285 12 HONGKONG: Gold closed firmer yesterday on active buying mainly by US trading houses, which switched into the metal from silver. Bullion closed at US$422 90/USS423 40 an ounce against an initial US$422 80/U*****.20 and the U*****.25/U*****.25 close in New York. Dealers said that the metal opened higher after
      285 words
    • 88 12 GASOIL, fuel oil and naphtha talked stable to firm on trading interest. Kerosene continued to look weak with buyers holding back at low prices anticipating possible further price drops. LSWR was quiet. Crude (FOB origin) US$/borr«4 Oang* Duboi (May) 17.06 0 0« Wan T«io< lr—i iwdiof. WD
      88 words
    • 163 12 SINGAPORE The market closed slightly higher yesterday with May 1 RSS buyers quoted at 196.00 cents/kilo, up 0.50 cent from Tuesday. TSR-20 May and June both closed unchanged at 164.00 cents/kilo. MALAYSIA The market closed slightly higher at 228.50 cents per kilo for May Int ones RSS buyer. Trading
      163 words
    • 88 12 THE PRICE OF TIN on the Kuala Lumpur tin market closed unchanged yesterday at M$ 16.65 par kilo for the third consecutive day in fairly quiet trading. A final volume of 73 tonnes was traded at the dose, down from 103 on Tuesday because most miners had disposed
      88 words
    • 283 12 R AS prices in S c*nts/kg. FOB In b*l* NOON CLOSE Buyers Sellers Buyers Sellers krt 1 RSS Prompt 199.00 200.00N 199.25 200.25N Int 1 RSS May 87 195J0 196.00 196.00 196 JO kit 1 RSS Jun 192.50 193.00 193.00 193 JO Int 2 RSS Of 182.50
      283 words
  • Page 12 Advertisements
    • 374 12 NOTICES THE COMPANIES ACT, CAP. 185 SENCLAR (S) PTE. LTD. (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of SENCLAR (S) PTE. LTD. duly convened and held at Apt Blk 164 Jalan Buklt Merata #03-3657, Bokit Merah Central, Singapore 0315 on Monday, the 6th day of April 1967, the
      374 words
    • 377 12 THE COMPANIES ACT, CAP. 185 EASTERN SEAS ENGINEERING WORKS PTE. LTD. (In Member*' Voluntary Liquidation) At an Extraordinary General Meeting of EASTERN SEAS ENGINEERING WORKS PTE. LTD. dnly convened and held at Block 128 Kim Tlan Road #19-118, Singapore 0318 on Monday, the 6th day of April 1887, the following
      377 words
    • 373 12 THE COMPANIES ACT, CAP. 185 ROMA SHIPBUILDING PTE. LTD. (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of ROMA SHIPBUILDING PTE. LTD. duly convened and held at No. 35 Defta Lane 9, Slnga Sre 1953 on Monday, the 1 day of April 1987, the following special resolutions set out
      373 words
    • 346 12 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 185) AND IN THE MATTER OF HERN TAT REALTY PTE. LTD. (Incorporated In the Republic of Singapore) (In Liquidation) (Members' Voluntary Wlndlng-Up) At an Extraordinary Oeneral Meeting of tbe abovenamed company duly convened and held at 7500 A Beacb Road #09-318. Tbe
      346 words
    • 78 12 MOTEX TRADING (S) PTE LTD (In Voluntary Liquidation) Notice is hereby given pursuant to Section 306 (2) of the Companies Act. Cap. 185 that the Final Meeting of Members of the abovenamed Company will be held at 50 Jalan Sultan #21-04, Jalan Sultan Centre. Singapore 0719 on Tuesday 12th May
      78 words
    • 100 12 ullmoon jpafttdf^fotauiant \~inry J) \J])kx>r *%£//>'/ Popular Hong Kong Dishes plus other local selections Seafood steamboat as of today Airflown 'Sultan Fish' from Pahang B Complimentary 1 pint Napolean XO for $140 set menu Complimentary 1 quart Napolean XO for $350 set menu Steamed-to-order Hong Kong dian xin Tasty Hong
      100 words

  • SHARE INFORMATION
    • 4491 13 A NEW all-time high as measured on the Straits Times Industrial Index was achieved by the Singapore stock market yesterday, but on the back of an unimpressive volume The ST Index rose 10 88 points to 1.085 40. surpassing its previous record of
      4,491 words
    • 274 13 SINGAPORE C E Life Rises Indices April 7 April 8 I960 ♦40 IT Compotite 942.36 951.29 Tong Meng 140 ♦40 •T Ot/OS 99 -134 C C M 368 22 »T CAT* -6462 6389 two 50* 408 20 BT 1 0 do? MA -6404 -6417 Shell 442 18
      274 words
    • 3791 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"
      3,791 words
    • 255 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,
      255 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 349 14  -  By FLORENCE CHONG in Sydney THE WAY is now clear for Ipoh Garden Bhd to proceed with a bil-lion-dollar commercial/hotel/retail development in Sydney. After six years of planning and wrangling with authorities for building approval, the New South Wales Government finally gave
      349 words
    • 262 14 Reuter BOND CORP Holdings Ltd and Atlas Consolidated Mining and Development Corp are still holding talks a bail-out package for the trouMed mining firm. Atlas, the Philippines's biggest copper producer, said it had been hit by depressed world copper prices. It reported a net
      Reuter  -  262 words
    • 127 14 HONGKONG Hongkong Index Wednesday *****3 Tuesday *****1 Week ago 1736 32 Hang Seng Index Wednesday 2729 55 Tuesday 2664 70 Week 090 2695 91 All Industrials Wednesday 2618 8* Tuesday ***** Week Week 2557 6 NEW YORK Dow Jones Tuesday 2360 94 Monday 2405 54* Week ago 2304
      127 words
    • 253 14 Managers' prices MARA-Bumiputra for April 9 First B'putra 602 6 07 Second B'putra 517 522 Singapore Unit Trust Third B'putra Fourth B'putra 426 485 4 31 490 The Commerce 1 04 1 12 Fifth B'putra 3.21 3 26' The Savings Fund 0 90 0 97* Sixth B'putra 332
      253 words
    • 527 14 INVESTORS made a forceful comeback to the Kuala Lumpur stock market yesterday and went on a buying spree Quality issues were the centre of attention and many blue chips put on impressive gains as a result of renewed interest Situational lower liners
      527 words
    • 2449 14 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified INDUSTRIALS A)hsomofo 13 86) 15) 318 A Icon* 1766 78S)
      2,449 words
    • 423 15 CONSTRUCTION company Lee Kim Tah Holdings Ltd (LKT) has halved its first and final gross dividend to only 3 per cent, in view of the hefty group pre-tax losses of $17.04 million incurred last year against a profit of $9.12 million in
      423 words
    • 483 15  -  Heavy provisions and higher interest payments By NAJEEB JARHOM DEBT-LADEN property group Malaysian Resources Corp Bhd (MRCB) has sunk deep into the red due to heavy provisions and interest expenses as well as steep reductions in the p. ices of its unsold properties.
      483 words
    • 235 15 SINGAPORE LAND, the debtladen property developer, has received acceptances representing 96.1 per cent of its rights issue which it announced back in November. The company is raising a total of $92.2 million through a rights issue of 6 per cent convertible unsecured loan
      235 words
    • 282 15 Bernama THERE IS NO RULE preventing the staff of Arab-Malaysian Merchant Bank Bhd (AMMB) to trade in Malaysian International Shipping Corporation Bhd (MISC) shares which the bank jointly underwrote. AMMB managing director Datuk Malek Merican said. He said this on Tuesday
      Bernama  -  282 words
    • 258 15 Reuter AN INVESTMENT group headed by Australian entrepreneur Robert Holmes a Court, who has staged many corporate assaults, has raised its stake in Standard Chartered Bank to 14.9 per cent. A one-sentence state- ment from Bell's headquarters in Australia yesterday confirmed what its
      Reuter  -  258 words
    • 380 15 Company RIGHTS ISSUE Company BONUS ISSUE C C M Two for-three Ex dote: Apr 7 Books dose: Apr 17 1 C S One-for-four $6 00 per shore Ex-dote: Apr 9 Books dose-. Apr 16 PROPOSED ISSUES Company RIGHTS ISSUE Bedford One-tor-one JO 50 per share C 1 Holdings
      380 words
    • 488 15 ELDERS PICA (Re) Ltd, part of the Australian conglomerate Elders IXL, has been appointed financial adviser in the proposed restructuring of International Housing Development (IHD), the Hongkong-listed vehicle of Malaysian businessman Ch'ng Poh. Through IHD, Mr Ch'ng recently purchased a 44 per cent
      488 words
    • 846 15 Reuter SHARE PRICES were marked lower across the board in early trading yesterday, responding to the sharp falls on Wall Street overnight, dealers said. At 1000 GMT. the FT 30 Index was 17.0 points lower at 1,547.5. On Tuesday, the FTSE 100 closed 2.6 lower at 1987.0. while
      Reuter  -  846 words
  • Page 14 Advertisements
    • 174 14 MALAYAN UNITED INDUSTRIES BERHAD (Incorporated in Malaysia) The Directors of Malayan United Industries Berhad wish to make the following announcement: L UNAUDITED RESULTS FOR THE YEAR ENDED 31 ST DECEMBER, 1966 GROUP COMPANY The Board has declared a Second Interim Dividend of 5% (1985 7% and a bonus dividend of
      174 words
    • 358 14 On target, Chart Point every Saturday MALAYAN UNITED MANUFACTURING BERHAD (Incorporated in Malaysia) The Directors of Malayan United Manufacturing Bertiad wish to make the following announcement L UNAUDITED RESULTS FOR THE YEAR ENDED 31ST DECEMBER, 1986 Gross Revenue GROUP 1966 MS'OOO 16,116 1965 MS'OOO 9,953 COMPANY 1966 MS'OOO 8.774 Profit
      358 words

  • Page 15 Advertisements
    • 146 15 X 7* 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 $16+ per set, they are easy to
      146 words
    • 151 15 For the best cuts from the Mid-west a* a G *0 Ummmmm that's what our guests say when they run out of words to describe our superb steaks. Done to perfection by Chef Magnus Johansson, who is as big-hearted and generous as his name, and believes in slicing large, hearty
      151 words

  • 495 16  -  Sanctions directed at Japan only By BOEY KIT YIN A SENIOR US OFFICIAL has allayed fears that Singapore's electronics industry may be adversely affected by the recent US threats to impose tariffs on Japanese electronic products. Such a move would, in
    495 words
  • 250 16 Reuter BRITAIN AND JAPAN clashed yesterday over Britain's demands for greater access to the Tokyo Stock Exchange (TSE) as trade tensions between the two countries mounted. British Corporate Affairs Minister Michael Howard described a meeting he held with the head of
    Reuter  -  250 words
  • 517 16 Reuter AN ECONOMIC package unveiled this week by Japan's ruling Liberal Democratic Party (LDP) marks the start of a major shift away from tight-fisted policies, private economists and government officials said yesterday. "A big step forward has been taken," said senior economist Susumu
    Reuter  -  517 words
  • 208 16 Reuter A SENIOR US official warned Japan yesterday that it had little chance of persuading the US to drop the trade sanctions threatened because of a dispute over microchips. Michael Armacost, under-sec-retary of state for political affairs, said at the end of a three-day
    Reuter  -  208 words
  • 384 16 THE PUBLIC has been invited to make representations to the Commission of Inquiry on the late Mr Teh Cheang Wan At the same time, Mr Lawrence Ang Boon Kong. Senior State Counsel of the Attorney-General's Chambers. has been appointed to assist the three-member commission.
    384 words
  • 102 16 AFP THE WORLD'S leading natural rubber producers will meet in Singapore tomorrow to discuss ways of strengthening the rubber market in the hope of preventing the sort of collapse that threw the tin market into disarray. Harry Tanugraha, the head of the Indonesian Rubber Association,
    AFP  -  102 words
  • 165 16 FINANCE ministers of the seven leading industrial powers met yesterday to reaffirm their agreement on currency stability. They may also try to make policy coordination more binding. Their talks have been foreshadowed by weeks of instability on financial markets, where the spectre of American
    165 words
  • 454 16  -  By MARTIN SOONG TNT. the world's fastest growing transportation company, is going to introduce a sophisticated food distribution system for transporting vegetables and fish from Sumatra to Singapore. The scheme, which TNT is discussing with Trade Development Board officials today, could mean a
    454 words
  • 76 16 Reuter COMEX SILVER FUTURES yesterday were down about 13.6 to 12 cents in early trading, pressured early by overseas and commission house selling and domestic liquidation as the dollar strengthened early yesterday. May was down 13.5 cents at U556.63 at 0930. July was off 12.6 cents at US$6
    Reuter  -  76 words
  • 63 16 Reuter WALL STREET stocks charged higher in active trading yesterday as investors got a boost of confidence from a stronger dollar and rising bond prices. Traders said interest rates and inflation remained a primary concern of the market. The Dow Jones Industrial Average recovered 10 points to
    Reuter  -  63 words
  • LATE FILE
    • 30 16 Bernama UMNO deputy president Datuk Musa Hitam yesterday submitted his acceptance of nomination to defend his post at the party's Supreme Council election on April 24.
      Bernama  -  30 words
    • 42 16 UPI NEW ZEALAND, which bans visits by US nuclear warships. has hammered out a secret agreement with Washington permitting American planes armed with nuclear weapons to use its soil, government sources in Wellington said yesterday. UPI
      UPI  -  42 words
    • 44 16 UPI OPPOSITION PARTIES filed a no confidence motion against Thai Prime Minister Prem Tinsulanonda and his 44member Cabinet yesterday, the first time Mr Prem's entire government has been challenged. Debate on the motion was scheduled for April 22 UPI
      UPI  -  44 words
    • 39 16 AFP THE CENTRAL BANK of the Philippines has ordered state-controlled corporations and government agencies to ensure the payment of US$B7O million in loans from 14 nations popularly known as the Paris Club AFP
      AFP  -  39 words
    • 36 16 Reuter JAPAN and Britain have signed a memorandum on exchange of securities market information to protect investors and promote the integrity of securities markets, Finance Ministry officials in Tokyo said yesterday. Reuter
      Reuter  -  36 words
    • 90 16 Anger over Reagan 's words Reuter A SENIOR SOVIET official yesterday said the Kremlin felt "indignation and regret" at hostile remarks about the Soviet Union made by President Reagan in a statement about security at the US embassy in Moscow. Deputy Foreign Minister Vladimir Petrovsky said in Moscow that the
      Reuter  -  90 words
    • 37 16 Reuter VANUATU yesterday rejected Australian Prime Minister Bob Hawke's warning to South Pacific nations against dealing with Libya, which he said was trying to promote terrorism, conflict and unrest in the region. Reuter
      Reuter  -  37 words
  • Page 16 Advertisements
    • 178 16 A 10,800 sq. ft. commercial lot costs US$9,OOO only Lt, jj First time offered outside the U.S.A. Si Free investment Trip To New Mexico Dallas UNIVERSITY OF NEWMEXICO VALENCIA COUNTY BRANCH CfittEf Albuquerque is one of the ten new cities of great opportunity in the U S and ranks seventh
      178 words
    • 15 16 Hongkong defends cheap chip*, Page 4 Volcker warns against reliance on weaker dollar, Page 5
      15 words
    • 193 16 The Comex gold report was not available at presstime See Page 4 CORUM *t-ak«L V// > SSSV-r k Men and women of distinction always have something rare in common, like a Corum watch on their wrists. For instance, the "Romulus* in 18 carat gold with the "Roman hours hand-engraved on
      193 words
  • Page 16 Miscellaneous
    • 51 16 Outlook: Showers expected over severel erees In the morning. Report for 24 hours prior to 7.30pm on April 8 et the airport: Maximum temperature 32.2 Associated humidity 68 Minimum temperature 22.5 Associated humidity 99 Hours of sunshine 6.00 Rainfall in millimetres 25.1 Rainfall this month 35.6 Rainy days this month
      51 words

  • SHIPPING TIMES
    • 607 17  -  By JUNE LIM ABC Containerline has given its word that it has no intention to wreck the market by quoting low rates. Managing director and founder of ABC, T V Rosenfeld. scoffed at rumours it is offering 15 to 20
      607 words
    • 202 17 Reuter TUG CREWS in New South Wales (NSW). Victoria and Western Australia have lifted their ban on foreign-flag ships carrying containers but NSW ports are still being disrupted by a separate dispute, shipping sources said. The ban, imposed a week ago over
      Reuter  -  202 words
    • 199 17 Reuter DENMARK'S A P Moeller Shipping, oil and gas group reported a decline in pre-tax profit to 1.49 billion crowns in 1986 from 1.84 billion crowns the previous year. But the board has proposed a higher dividend at 27 per cent from
      Reuter  -  199 words
    • PORTSIDES
      • 91 17 THE JAPAN/lndia/Pakistan/Gulf Conference will increase the currency adjustment factor for Hongkong/India and Pakistan shipments to 43 per cent from 38.5 per cent. It said the CAF for Hongkong/Gulf shipments not covered by the temporarily reduced commodity box rate and temporarily reduced less-than-container-loaded rate will also be raised
        91 words
      • 71 17 Reuter THE HONGKONG/Gulf of Aden and Red Sea Ports Conference has decided to withdraw a congestion surcharge of 5 per cent on cargoes loaded for direct discharge at Assab, effective April 8. Meanwhile, the Hongkong/Europe Freight Conference will introduce a congestion charge of 5 per cent on
        Reuter  -  71 words
      • 74 17 IRAQI jets attacked a "large naval target" off the Iranian coast on Sunday, scoring an "accurate and effective hit," the official Iraqi news agency reported. The agency, monitored in Nicosia, said the attack occured at 9:4oam (0540 GMT). Gulf shipping sources in Bahrain who
        74 words
    • 420 18 Lloyd s List MAJOR shipping companies in Japan are planning further reductions in their car carrier fleets, in the expectation that there will be a sharp reduction in exports to the United States. Japanese and other non-US interests are pushing up
      Lloyd s List  -  420 words
    • 117 18 DANISH shipping company J Lauritzen has sold ifs cruise activity, Pearl Cruises of Scandinavia. San Francisco, to Ocean Cruise Lines. Pearl Cruises of Scandinavia, owner of the liner Pearl of Scandinavia, has been sold as a going concern and the parties involved have agreed not
      117 words
    • 406 18 THE 31,598-grt Norsun, the first large cruise ferry built in Japan for a European owner, will arrive in Singapore on Saturday on its maiden voyage. The 1,250-passenger vessel was built for Hollandse Vrachtvaart Maatschappij HV, a wholly owned subsidiary of Nedlloyd, by
      406 words
    • 210 18 SEATRAIN LINES has become the second US steamship company to emerge from Chapter XI bankruptcy after preliminary approval of its reorganisation plan was granted by the US Bankruptcy Court. Seatrain, which filed its plan last October, will follow Waterman Steamship Corp out of Chapter XI
      210 words
    • 717 18 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean IX 4 Alltrans VII 3 Anro Service IV 2/3 ANL 1 1/2 APC line V 4 API III 2/3 ASCI III 1 Bait-Canada line VII 4/5 Bait-Orient line VII 4/5 Bank line V
      717 words
    • 1398 18 THE LONDON shipping freights market was much quieter generally on Tuesday, with interest in the grain sector especially quiet compared with recent days Confirmed grain business featured Bocimar's booking of 52.000 tons from the US Gulf to Japan at US$l7 for April 13-20 loading, and Dreyfus arranging of
      1,398 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
    • 168 19 AN OFFER by Acta Shipping to accommodate passengers on container ships has been well received. The first two vessels were fully booked, said managing director Christopher Cullen. Acta has refurbished four of its container ships the Act 3, 4, 5 and 6 to
      168 words
    • 369 19  -  By KINGSLEY WOOD AUSTRALIAN shipowners are to be offered a taxable grant of 7 per cent on the purchase price of new and modern secondhand ships provided they are manned at levels set out in legislation. The Ships (Capital Grants) Bill introduced
      369 words
    • 161 19 Reuter VAN OMMEREN said it expected to maintain 1987 profits at around last year's level of 37.7 million guilders, up from 32.7 million in 1985, despite the dollar uncertainties. In a statement accompanying its 1986 results, the company said it was considering
      Reuter  -  161 words
    • 140 19 Reuter TODD SHIPYARDS has agreed in principle with its banks to negotiate its existing revolving credit and term loan agreement, as well as other agreements. The company said it requested the amendments to continue the availability of credit under certain terms. As part of the
      Reuter  -  140 words
    • 44 19 WITH the help of two Smit Tak cranes, the Herald of Free Enterprise slowly becomes upright. The Townsend Thoresen ferry which sank off the coast of Zeebrugge was righted after more than 4 weeks of lying on its side.
      44 words
    • 150 19 Reuters. KUWAIT has asked at least four countries, including the United States, Soviet Union. Britain and China, for temporary use of their flags or tankers to protect Kuwaiti oil shipments in the troubled Persian Gulf, Reagan Administration officials said. The officials confirmed a
      Reuters.  -  150 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
    • 172 19 MacGREGOR Far East (MGFE). one of Kvaerner Ships Equipment International's co-operation partners in Japan, has been acquired by Nakata Gumi. Nakata Gumi is a renown Japanese company active in the field of specialised coatings for the marine industry and for land-based machinery. The company
      172 words
    • 8021 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.
      8,021 words
    • 1396 26 AT CONVENTIONAL WHARVES MARINA WHARVES Hye Meng 1 M3A olongside 09 04/2100 Vessel Berth Arrival Departure Botam Mulia Haropon Samudra MIA MIB 09 04 WOO 09 04 1500 II 04/2300 1004/0600 KEPPEL WHARVES K34 alongside 1104,0700 Hong Eng Kalimantan 1 M4B M3B 09 04/0700 09 04/0700 1004/1200
      1,396 words
    • 126 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 0.987/0.992 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 33/454 0.950/1.006 0.0/0.7 Hamburg 159/405 0.962/0.990 0.0/0.6 Le Havre 27/388 0.930/0.989
      126 words
  • Page 17 Advertisements
    • 849 17 A WOMAN 0T POWER. SHE SUBSTANCE needed love. SHE WANTED REVENGE. A WOMAN OF SUBSTANCE ~ul whal s Ihe price J* p shr has paid? f Available at all good bookshops WW/ Orient Oveiqias Co*Ucj*tt\ Line NORTH AMERICA ATLANTIC EXPRESS (ROUND-THE-WORLD ROUTING) JARDINE SHIPPING AGENCIES (Rag. No. *****4/ OOK 200
      849 words
    • 77 17 MAJOR shipping companies in Japan are planning further reductions in their car carrier fleets, in the expectation that there will be a sharp reduction in exports to the United States. Page II AUSTRALIAN shipowners are to be offered a taxable grant of 7 per cent on the purchase price of
      77 words
    • 1016 17 Mammoth Hunters Jean M. Auel r #3 iTJ CORONET BOOKS Available at all Good Bookshops I MAERSK LINE Thm «*e> Anna M Ctoamg Timet CY 9/4 0600 MRS CFS 8/4 2000 HRS LUNA M MERCATOP AXEL M ARTHUR M ANOERS M Tlwe WW* Mc-Kinney M Cio4.no Tun CY 13/4 0700
      1,016 words

  • Page 18 Advertisements
    • 312 18 o*2 outbound to north continent COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO MEDITERRANEAN AND EUROPE ALSO ARABIAN 6ULF AND INDIAN SUB CONTINENT VILLE D'URANUS VILLE DC PLUTON VILLE DC SATURNE outbound to mediterranean TTTfTI VILLE D'URANUS VILLE DC PLUTO* VILLE DC SATURNE Alio accepting FCI Cirgo to limaisol.
      312 words
    • 17 18 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association
      17 words
    • 500 18 vrAs^Mmwn. EUROPE/FAR EAST CONVENTIONAL SCR VICE VBL SKIPPW N SCAN VENTUftf PT of LOO. UMi'SKZKI^N^hAM Lutocft-Haatorf TEL: 03-*****50 Malaysia SON. BHD. TLX: ***** MTM Frt. Booking contact Mim Gan \HQ 3'PORE LOG. FOR Furttwf load/ discharging pons an routa to auCßctont Induoamant Stnppore Off** MTM B'pora. TM: *****00 Tlx: RS
      500 words

  • Page 19 Advertisements
    • 749 19 The Straits Steamship Group STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok raoo.yyi P&O Containers Limited CONTAINERSHIP SERVICE TO UK/CONTMENT: PE CASUS PRIDE PEGASUS PRIM BANGKOK BORNEO A6ENCIES LTD. BANGKOK TEL *****80 Abo Accepting Cargo For: NNtor| to CtpMliapn, AarliM, fiethanfcurf. Mi Mm, Stock tota, Nait*nki, Soniarfeurf k
      749 words
    • 635 19 Franco Belgian Services ("EMBEn OF ACE CONSORKUM) CONTAINER SERVICE TO EUROPE CONTAINER SERVICE fKI EUROfE SPORE P KELANCLa Html tn TStM Hot B Hmn Ant Mot H burf I'lkm «'nr| LaMavro P Kotanf S pori ORIENTAL CHIEF Ir Port (I Apr) V Apr 9 Apr 9 Apr 2 May 3
      635 words

  • Page 20 Advertisements
    • 284 20 r Hapag-Uoyd CONTAINERSHIP SERVICE TO UK/CONTINENT CONV/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 *****18 Freight *****00 CFS *****50 CFS *****48 P*nang *****7. *****2 Terminal *****33 *****3 mm 80UTHE AST ASIA PTE. LTD.
      284 words
    • 667 20 *Jo*f JtCS.LINE >«Mi s»ipn»t FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ 1 M mb ot ,h tr Consoftwn m m Imi FROM [JROPE VIA SUEZ Member of the »ce Consortium SEVEN SEAS BRIDGE ME (30/4) 214 ACE CONCORD IE 3/5) V 5 CR PARIS 9E (15/5) 12/5 lllllY CONIAINf RISID
      667 words
    • 378 20 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: •FAYROUZ 2 ITC-003 ITC-005 *Al«o loading Afent* SINGAPORE CALICO SHIPPING PTE LTD t«( mam Tii am calico fax: nszn PORT KELANG PERKAPALAN UTAMA SON BHD T«4 MUM KOTA KINABALU KESAWAN SHIPPING SON BHD Td ntS) (I Item) Fa*: QMC TG.
      378 words
    • 970 20 Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTINC CARGO TO: "Oston pmilaoclphia. PWtrou Jacksonville. WILBINCTOM SERBUOA ETC 7) ATLANTA. CHICAGO DETROIT. COLUMUS t OTHER NAJO4 BICROSRIOGE DESTINATIONS I) CROTpML. BALBOA, RANABA CITY. COUM. SAN MAN. SANTO DQMMONE* ORUANS. HOUSTON ÜBON. CURACAO VIA KINGSTON 4) BONTREAL. TORONTO VIA BALTMOtf Round-The-World West Bound (FE/EURO/USEC/CARIB/FE)
      970 words

  • Page 21 Advertisements
    • 539 21 PACIFIC INTERNATIONAL LINES \W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE VESSEL PIYA SHUM RED SEA/EAST AND WEST AFRICA SERVICE KARACHI/M.E. GULF SERVICE BANGKOK SERVICE INDONESIA SERVICE n BRUNEI SABAH SERVICE MALAYSIA SHIPPING
      539 words
    • 604 21 BEN LINE CONTAINERS express container service to uk/continent •'HAVIM KOMI MVM EXPRESS CONTAINER SERVICE FROM UK/CONTINENT W MM UN o/4 an an ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS (KJJEBSEN LINE NEW ZEALAND bINMPORE POR T KtflNG K 1 UMPtJP PENANG BfN 1 INF BE NDERA
      604 words
    • 622 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINEIISHIP SERVICES SINGAPORE TO EUROPE VESSEL/VOY OCEAN PRIMA/7WB sriwijaya/ww LJ. BONTANC.HWB mataramoim GANDA GABA/IBVB KUTAI/12WB SPORE Bill 13-15/4 IVS 21-24/4 X-ZK* z 7-94 ANTWERP BILBAO BREMEN A'OAB/RDAB H BURG to
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    • 393 21 kMU BOUSTEAD SHIPPING AGENCIES Ift. PA-AN VIOJ PAGAN Vll7 HTONEYWA VZS LOIKAW Vl2l MYOMA TWA VlO3 BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok BANK LINE rvDDrrc rrmaa aaaiti lUPM m TOANA NIUGJNI V3N TAUSALA SAMOA V9N MORAYBANK V3N TAGAMA VIN SPORE ROAM
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  • Page 22 Advertisements
    • 1231 22 -KAWASAKI KISEN KAISHA. LTD. ECNM/VfM/CME rr si ri E u L i rtr ss t>it i luo CA st 1 acasta i anto,mo t abo 11 Jun CENTRAL AMBUCA/CARBttAN SEA FEEDER VSL MARIA V2O m f* L A C PHC KoBt M'ZANILLO ACAPULCO PT. QUETZAL ACAJUTU S LORENZO CORINTO PTCOERA
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    • 356 22 ULJM Accepting LCL and South Africa contalnartaod carjoM Dfrad to SJL VAAL 2730F NEDLLOYD COLOMBO 2X2tf HAYAKAWA MAfIU 2S3IG S A VAAL ***** Sport Durtan P.EIb C.Tm as s PEIIz C.Town Durfcan 14/4 16/4 19/4 2/5 4/5 JAR DINE SNIPPING AGENCIES (REG. W 200 CANTONMENT ROAD 012-06 SOUTHPOINT, SI td:
      356 words
    • 635 22 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCUFCL Contalnare fm6m PMhnt Uf* imrnl Sport 11Mb Frwn Sydn Ate Acca KTTfi Ml mi 3S"fi«" 15 Apr 30 Apr S Mey 7 Mty AMlm SSSTJm M 0 5 a A»f 13 M»y 22 Mty 20 Mty AM Bra u «S! VJ4 15 *>»"•? 5
      635 words
    • 830 22 tTTS-7 GOLDEN LINE WreSV GUAM GUAN SHIPPING (PTE) LTD V 23 liM he Street v^—*— SJNfcAPI*! 0104 1U 5343M1 lit IMS) STRAITS/PERSIAN GULF SERVICE: spore PKatani Pwant GOLDEN BEAR Cotanbo/Karach./M.na QabooLDutiai 14/15 Aar GOLDCN HARVEST Cotombo/Karach. Dubai Bahrain 8/10 May fm ■INC CHEW 4/4 SM Site Dub Dm* Kwt zl/4
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    • 459 22 IWTHftSeo IPTTTTD 1 15 Ho Chiang Roar; «07-02/03. Sanlord Building Singapore 0208 Tal 224*511 (10 Unas) Bulk Orient Line 111 BREAKBULK SERVICE TO EUROPE/UK M V 'BOSI TBN (70S P Katanj Loading tor 3/S ROT ANT/U.K. (NULL) A|ant» Sinpport INTRASEA (PTE) LTD BOOKING 22*511 K. Uanpur BINTANC SNIPPING CO SON
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  • Page 23 Advertisements
    • 643 23 H4NOLS V\NEPTUNE ORIENT LINES LTD J Bahru Apntt S port NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA Ttl No Otttct Ttrminal CFS BOOKINGS *****53 *****42 vmn Z2120Z2 *****55 {2}}* £2®JiS *****11 *****41 Alio (ccaptinf cjrjo to/frwn Scandinavia K CHANCE S port Clotini Ttmot FCL Ctrjo 2200 15/4 LCI Cargo 1290
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    • 482 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG, BUSAN. INCHON VMM* I Nima S pore Enter 70JN In Port No I oonam/7CN 15/4 No 7 Don*m/7Q3N 17/4 No i Donam/70SN 30/4 No 9 Dorum/703N 7/5 M. Entor/710N 11/5 No 7 DonjmTWN 20/5 No I Donam/704N 2t/5
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    • 716 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 ***** r KELANG PCNANG M KSSftS MAI THONG SHIPPING 177 P«m Strut Pmm M*«ym T« ******3 368ST4C JOXB
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    • 74 23 FERI MALAYSIA SDN. BHD. PORO CONTAINER PAUETISED WEEKLY SERVICF 10 KUANTAN HUCHING K KINABAIU ALSO ACCEPTING SELF DRIVEN HEAVY VEHICLES REGULAR DEPARTURE ON "CRUISE MUHIBAH" VOYAGE MOftf KUANTAN KUCHMO KOTA KMABALU FM ioi IWM 11 m Itm i4m 17/04 IWM 1«M r/04 18/0* IMC 17 m 1«M SEARTfEAI WENtIES PTE
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  • Page 24 Advertisements
    • 427 24 SINGAPORE SHIPPING CORPN.CPTE] LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD VEB DEUTF R ACHT/SEE REE DE RE I ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE TO EURO« S PORE *1 NACA rii t •-■I »n i Lcinsm v **VIA LARNACA: Accepting cargo for Piraeus,
      427 words
    • 357 24 JVarttair/ne mr E**t-South Africa Sorvlcm v-as I*4 REGULAR FULLY CONTAMERMED EXPRESS SERVICE PUU, HWA V-3BS ST y°° ,S l"" PALEISGRACNT V-2S 3,4 «5 17/5 11/5 lift NARTAI PRINCESS V-MS 7/5 IVS $5 ZW Sfi OA ITAI PRINCE V« 25/5 3/6 1)1 U MA uS 1 HWA V« U 1M a*
      357 words

  • Page 25 Advertisements
    • 176 25 CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 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 ■.i-iin.i'V I'm 1M rr-7T TTTI I II OTHER DESTINATIONS: AARHUS, AMSTERDAM, ANTWERP, BASLE, MB MEMERHAVEN. COPENHAGEN.
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    • 740 25 rTOANA NIUGINI V3N TAUSALA SAMOA V9N MORAYBANK V3N TACAMA VIN "Alto Accaotinf FCL W Ai* t Dm* Tinti tvMlaSl* COLUMBUS LINE REEDEREI GMBH <A SfRVICf Of HAMBURG SUOT EXPRESS SEMI CONTAINER SfRVtCE 10 11/S 22/5 30/5 4/6 W 13/» 11/S 15/6 Genera! Agents Singapore SEALION SHIPPING (S) PTE LTD SALES
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  • Page 26 Advertisements
    • 442 26 i\ i* MitsciOSKLines Ltd CONVENTIONAL/SEMI-CONTAINER LAST AFRICA AFRICA'S NO l MORNING GRACE VOY EAA9A OCEAN ELITE VOY EAA33A ASTRA PEAK VOY SWA2SA LINDEN BEL VOY EAA4A SUBJECT INDUCEMENT WEST AFRICA RAINBOW AVENUE VOY WAB2A aJ RIVER OU WAA3SA Rmks Subject Inducement SA VAAL VOY. 2730F NEDLLOYD COLOMBO VOY 2828F OSAKA
      442 words
  • Page 26 Miscellaneous
    • 169 26 m Regional Weather m A 'M 9LI ft! 0 W w iS a B •C M r^S s -A S3 m t i t? S£ 1K Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R. Thunderstorm Temperature °C >A\ Shower Weather s—f Wind direction with
      169 words