The Business Times, 23 April 1987

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 THURSDAY, APRIL 23, 1987 75 CENTS
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  • 195 1 Exchange rates THE S$ closed weaker at S$2.1355/65 (S$2.1335/45) against the US$ in the forex market yesterday. It rose to $3.4851/89 ($3.4904/41) against The local unit also went up against yen and DM, but remained fairly steady against HK$ and M$. US$i 142.70/80 yen, 1.8215/25 DM, S$2.1355/65
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  • 157 1 SINGAPORE SHARES continued to rise on improved volume yesterday with both the major market indicators setting new records. The Straits Times Industrial Index advanced 7.02 points to 1,131.65, while the BT Composite Index rose 9.02 points to 1,010.13, wipinfl
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  • 594 1  -  Profits may have been overstated by $1 Om, says statement By FOO CHOY PENG, Chief Reporter A REPORT of the inquiry into the books of the collapsed Pan Electric group has suggested that its 1984 accounts cannot be described as true and fair,
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  • 249 1 THE TASK of deciding whether there is a prima facie case against the auditors of the PanEl group will lie with the Singapore Society of Accountants' investigation committee. First, the SSA registrar, Mr Lam Peck Heng, will have to frame the complaints, if any,
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  • 129 1 Reuter US COMMERCE SECRETARY Malcolm Baldrige urged China yesterday to improve the investment climate for foreign firms by curbing "skyrocketing costs" and heavy taxes and making it more stable and predictable. Mr Baldrige, in Beijing as part of a tour of East Asia, made
    Reuter  -  129 words
  • 353 1 Reuter TWO TOP REAGAN Administration officials ended talks with Japanese officials on trade issues yesterday, saying that they were disappointed and frustrated at the lack of progress "I have been given no encouraging words and go home considerably disappointed," Agriculture Secretary Richard Lyng told
    Reuter  -  353 words
  • 152 1 Avimo what it all amounts to OVER-SUBSCRIBED by 104 times, Avimo's public share offer has as expected broken all records set by previous public issues. The applications have raked in $3.07 billion, far exceeding the records of L M Group Investments and Kentucky Fried Chicken in 1983. Avimo's high-tech lustre
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  • 372 1 THE RECESSION may be over, but the fall-out from Singapore's economic woes of 1985 is now littering the courts. Last year, 4,941 bankruptcy suits were filed, an increase of 52 per cent over the previous year. That works out to an average of 95 suits
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  • Page 1 Advertisements
    • 71 1 TIEN COURT J? SICHUAN CUISINE King's Hotel Havelock Road Singapore 0316 Tel: 733 0011 Begin Your Busy Day Right Start off on a right note in the morning. Use Braun micron foil shavers: recognised worldwide as a measure of quality and good design. Um with or without cord 1 hour
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    • 279 1 Full report, Page 13 International stocks, Page 10; Aaian stocks, Page 11 H SHARE INFORMATION MONEY EXCHANGES COMMODITIES AIRCRAFT SCHEDULE TV RADIO CROSSWORDS BRISTOW DOONESBURY OUR VIEW VIETNAM IS PREPARING an austerity programme which will cut one million State-sector jobs in a move to help the embattled economy and control
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    • 13 1 ,-,$";!][-?><]`+]!-^);!];}^%^@/ Japanese growth fall laat year, Page 4 Little auccaaa for envoy, Paga 5
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    • 119 1 BALLY cf SmtztrianJ flu■ < lullfH^t of Sote Agent S.Q. Parrett Son (Pta) Ltd. Singapore Feature, Page 8 i n* i amu m For only $25 we'll reserve one of these seats for you. For just $25 more than the economy fare, experience our excellent new Business Class on the
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  • HOME NEWS
    • 541 2  -  By JOHN TAN GRADUATING STUDENTS of the Singapore Polytechnic have come up with innovations that could be worth millions of dollars in commercial sales. And where the projects are company-backed, the sponsors are all too pleased because they saved substantial
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    • 170 2 THE SINGAPORE Polytechnic sealed ties with a Canadian college yesterday in a move towards more joint ventures between the two institutions. On the cards are student exchange programmes. The agreement between the Singapore Polytechnic and Seneca College of Applied Arts and Technology provides for mutual
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    • 302 2  -  By LEONG WEN WAH FOLLOWING the appointment of receivers for Motor Leasing in October last year, Isuzu Motors has appointed a Hongkongowned company to be its sole authorised distributor in Singapore. Hongkong-based Dah Chong Hong Ltd has incorporated a wholly-owned subsidiary, Triangle Auto Pte Ltd.
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    • 262 2 ROBERT D JOHNSON has taken up the post of national executive, Singapore. of General Electric (USA) Asia Company with effect April 6. Mr Johnson also holds the post of managing director. General Electric (USA) Aviation Service Operation Re Ltd. A graduate from Miami University, Mr Johnson joined
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    • 408 2 Seminars and 1 Cahners Tel: *****13 -1 Courses 1 m 3 Ci ExpoeWon Tlx: RS ***** n Group Fax: *****66 y* DURATION TITLE VENUE ORGANISES TELEPHONE Moy 2 Total Credit Manager Boulevard Hotel Datapool (SI *****33 Co Pte ltd Moy 4 Speed Learning SIM Conference Singapore *****66 Room
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    • 437 2  -  By LIM SOON NEO WORKS by some local artists depicting life in Singapore will go underground. In December, when the first phase of the Mass Rapid Transit (MRT) system becomes operational, 22 works by local artists will be on permanent
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    • 206 2 TOP FURNITURE manufacturers from Singapore are in the US to take part in the High Point Southern Furniture Market Show. Held twice a year in High Point. North Carolina, this is one of the biggest furniture exhibitions and it attracts trade buyers
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    • 112 2 SUM CHEONG Piling has been awarded the job of laying the foundations for the second maximum security prison and the female prison although its bid was not the lowest received. Its bid of $1.3 million was the second highest, after Project Piling which put in
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    • 220 3  -  By CHARLES SAVAGE SEVEN SINGAPOREANS will soon wake up each morning with that on-top-of-the-world feeling. They will be working at 3,700 metres above sea-level in the highest hotel in the world. Holiday Inn is in the process of hiring middle management staff for the Lhasa
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    • 420 3 DEVELOPED COUNTRIES have more to lose than gain when they adopt protectionist policies against developing nations. This summed up the arguments of Mr Eugene Yap, Singapore's Senior Parliamentary Secretary for Trade Industry and Environment, on why countries like the US should not have
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    • 386 3 LOCAL RISK and insurance management practitioners are keen to form a society to help corporate insurance users to have more effective coverage. The primary aims of the proposed Risk Insurance Management Association of Singapore (Rimas) are to actively encourage the practice of. and
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    • 147 3 THE AREAS Singapore may want to pay attention to in the new round of multilateral trade negotiations (MTN) will be discussed at a workshop next month. The workshop, to be held at The Glass Hotel on May 8, is organised by the Economic Society of Singapore. Papers
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    • 151 3 THE DIFFERENT technical and assistance schemes available to small and medium enterprise (SMEs) and how they work will be discussed at a workshop to be held on April 29. The workshop is organised by the Economic Development Board, the National Computer Board, the National
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    • 457 3  -  By GOH YEE LING JEALOUS HUSBANDS sometimes have justification. But not when their wives are chaperons to 74 of the world s most beautiful women and they want to be there too. A husband of one of the chaperons for the Miss Universe contestants asked:
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    • 467 3  -  By JEFFREY TSANG ITALIAN office products manufacturer Olivetti is finalising plans to expand its Singapore operations with an injection of some $20 million over the next three years. Part of the investment will be in a new building in Ayer Rajah to house its three
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  • Page 2 Advertisements
    • 164 2 Prompt pick-up and delivery 24 hours a day JAPAN can be affordable. NTA HOTEL PASS 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
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    • 189 2 □a 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 $16+ per set, they are easy
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  • Page 3 Advertisements
    • 171 3 seeking adventure a f < m J W-4Mi i& -^w *>? v, II *3sfeiP?ss i/- > >,r ?Mmm *$&£m m v- -'i w X -■mrnmm i-*#f mm il M^rV •,*> tv i? i tviS LV I >'••_ -:v A ;^fp 4 11 1 1 WigPSSft > api^I r ;^^P£^a^lr RslS
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  • ASIA-PACIFIC
    • 612 4 AP A GOVERNMENT progress report on the first year of a programme intended to make Japan's economy less dependent on foreign sales said export-related economic growth was down in 1986, but listed few achievements directly attributable to government policy. Most of the
      AP  -  612 words
    • 348 4 AFP JAPAN'S House of Representatives proceeded at a snail's pace early yesterday as opposition members used a classical slowdown tactic overnight to stall a move by the ruling Liberal Democratic Party (LDP) to pass a fiscal 1987 budget bill coupled with a
      AFP  -  348 words
    • 329 4 Reuter THAILAND'S parliamentary opposition failed to bring a promised censure bid against Thai Prime Minister Prem Tinsulanonda yesterday when 15 members withdrew support. The no-confidence motion would have been the first against the Thai Premier since he took office with staunch military and royal support
      Reuter  -  329 words
    • 291 4 Reuter PLO LEADER Yasser Arafat will call an urgent meeting of his Fatah guerilla movement's central committee to discuss ties with Egypt, according to the Algerian news agency Aps. Arafat, chairman of the Palestine Liberation Organisation executive committee, on Tuesday
      Reuter  -  291 words
    • 757 4 FT VIETNAM is preparing a severe austerity programme which will cut one million jobs from the bloated state sector in an attempt to rescue the collapsing economy and to control inflation, which is rising at an annual rate of more than
      FT  -  757 words
    • 301 4 AFP INDONESIA'S trade surplus was slashed by more than half in calendar year 1986 to US$4.O9 billion, mainly due to a steep fall in oil export earnings, the Central Bureau of Statistics (CBS) said in its latest report yesterday. The Bureau's provisional statistical figures
      AFP  -  301 words
    • 447 4 Bernama THE INTERACTION COUNCIL, the independent organisation of some 30 former heads of state and government, has urged all states, especially the superpowers, to make all efforts to bring about arms control, disarmament and reduction of their military budgets. Ending its three-day meeting
      Bernama  -  447 words
    • 146 4 Bernama THE PHILIPPINE GOVERNMENT is taking drastic measures, including the imposition of a complete ban on the hiring of Filipina domestic helpers, to curb rampant abuses committed against the maids in West Asia. As a first step, the Labour and Manpower Department
      Bernama  -  146 words
    • 807 4 ARRIVALS Operator Sorvlc* Local From number tims S1A SQ11 0045 LAX/NRT su SQ691 0530 KHH SiA SQ693 0650 KHH MAS MH681 0820 KUL MAS MH811 0910 P€N MAS MH671 0920 KUL AC AC584 0945 YYZ/MU/DX8 SiA SQ103 0950 KUL CPA CX710 1015 CGK MAS MH603 1020 KUL
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  • Page 4 Advertisements
    • 175 4 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 the rim. Romulus. An ultra-slim, quartz and water-resistant model. Four different sizes in solid gold, platinum or set
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    • 10 4 Tokyo onvoy moots with IHtlo success in US, Pogo 5
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    • 64 4 L«ad«r, Pag* 8 I I I I Th e business person's choice every I I II \I I Iff II I Tuesday, Saturday and Sunday. I A /1 I #1 Leaving Changi Airport at 22 05 1 hours and arriving Heathrow at 06:45 hours the following morning Call your Travel
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  • REST OF THE WORLD
    • 489 5 Reuter CONGRESSIONAL budget cuts have caused delays of up to two years on research into a US Star Wars anti-missile defence and have reduced technical options for the *****, the Defence Department said on Tuesday. But the Pentagon also said progress had
      Reuter  -  489 words
    • 350 5 UPI MEXICAN industrial production declined 5.8 per cent in 1986 and no improvement is foreseen through the first quarter of this year, a national bank report said on Tuesday. The survey of the Mexican economic situation was done by the National Bank of Mexico,
      UPI  -  350 words
    • 270 5 Reuter GREECE is waging an all-out campaign to win back American tourists following two lean years when fears of terrorism in the region kept them away. Athens is spending more than US$3 million in the US on television and other media advertising, especially
      Reuter  -  270 words
    • 532 5 Tariffs unlikely to be lifted before Nakasone's visit Reuter A SPECIAL ENVOY from Japan has had little success in trying to persuade administration officials quickly to lift the 100 per cent US tariffs on some Japanese goods. Shintaro Abe, laying groundwork for
      Reuter  -  532 words
    • 87 5 AP A BRITISH GOVERNMENT minister has warned that future British aid to famine victims could depend on Ethiopia abandoning its controversial refugee resettlement programmes. Foreign Office Minister Lynda Chalker said on Tuesday she had frank and full discussions with Ethiopian officials during
      AP  -  87 words
    • 243 5 UPI BUSINESS in London and the south-east of England is booming and is at an all-time high, figures contained in the latest survey by the London Chamber of Commerce showed on Tuesday. The surveys, which measure trends in a wide range of business indicators, related
      UPI  -  243 words
  • Page 5 Advertisements
    • 160 5 We arc America's Friendly Skies America is closer than you think. Because the moment you board a United jet, you might as well be in the United States. "America's Friendly Skies" means that you're surrounded by the kind of friendly American service that helped to make United the free world's
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    • 12 5 Wall Street abound with talk of Japanese selling treasury bonds, Page 6
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  • Page 5 Miscellaneous
    • 80 5 Doonesbury I KNOW HE WASNTA SUSPECT, SIR. HB JUST BLURTEP THE WHOLE i THING m NO. SIR, IPON7 THINK I MS 3APSERJNG HIM. IMS JUST ASKING ROUTINB QUESTIONS. HIS CONFESSION JUST CAME OUT I r/ BY GARRY TRUDEAU THE ARREST? WELL. HE SAfS HEP LIKE TO SET TTOVER VUTTH, TONIGHT,
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  • BANKING AND FINANCE
    • 542 6 Continued acrimony over China's admission Reuter AWASH IN FUNDS, its traditional borrowers turning to new lenders, the Asian Development Bank also faces unresolved political wrangles over Taiwan and Vietnam as it approaches its 20th annual meeting. The Manila-based ADB, set up in 1966 to aid
      Reuter  -  542 words
    • 424 6 AFP RUMOURS that Japanese investors are selling off US treasury bonds are sweeping Wall Street as analysts fear that Japanese lack of faith in the greenback will push the dollar even lower and interest rates up. Any mass Japanese pull-out
      AFP  -  424 words
    • 284 6 ASIAN DOLLAR deposits rates yesterday closed steady at slightly lower opening levels, in quiet afternoon trading. Period rates eased 1/16 to 1/8 point at the outset. Thereafter rates were unchanged. One month closed at 6-3/4 6-5/8 per cent, three months at 6-15/16 6-13/16 and six months at
      284 words
    • 901 6 SINGAPORE: The US dollar closed slightly higher against major currencies yesterday after fluctuating narrowly on short covering and selling. Dealers said that trading was thin and nervous amid speculation the US Federal Reserve might raise its 5.5 per cent discount rate later yesterday. Talk of such a rise
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    • 587 6 JUNE Eurodollar opened 13 ticks higher at 92.91 in Singapore yesterday, on car-ry-over buying interest from Tuesday, and firmed to 92.93 initially. However, market rumours that the US would raise its discount rate later in the day caused prices to plunge to the day's low of 92.81 in hectic
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    • 214 6 Interbank rates at 3pm yesterday: ■M 0«*r ctom parity Local dollars to on* unit of foreign currency: US dollor 2.1355 2.1365 2.8196 -24.26 Sterling pound 3.4851 3.4889 7.3469 -52.56 Auttrolion dollar 1.5097 1.5115 3.4286 -55.97 NZ dollor 1.2407 1.2434 3.4286 -63.81 Conodion dollar 1.6008 1.6027 3.4206 -53.20 Local
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    • 189 6 Indicates tha avaraga of tha prim* landing rata* ol 12 major banks in Singapore Interbank market rates (offer/bid) on April 22 us$ DM SWFC Y«1 7 ao-n 3/4 5/« 3/4 S/i 3 15/16 13/16 6 3/4 1/J 4 1/ 6 3 15/16 1 m»i 6 3/4 J/«
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    • 108 6 THE OVERNIGHT rate on the Singapore interbank market closed 14 point lower at per cent yesterday. The term rates were unchanged across the board. S$ Interbank rates at 7pm yesterday: Offer lid Ow- 0 1 -monrti 3 9/16 3 7/16 2-nemti 3 9/16 3 7/16 3-<aonrti 3 9/16
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  • Page 6 Advertisements
    • 269 6 CCD SECRETARIES' WEEK BUFFET LUNCH CI —> Give her a choice of This year, ■M 1 TA ■M B chocolates and instead of M %m//m I a stalk of rose simply taking B BJ f f/m for lady guests, your secretary So for her Special out for lunch, add a
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    • 262 6 GOLD HOW HIGH WILL IT GO? Gold and other precious metals have staged an impressive rally which could be the start of a major bull market in commodities. Fortunes will be made by those who catch these moves early and leverage their capital in the futures markets to achieve maximum
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  • WORLD BACKGROUND
    • 564 7 UPI ONCE-PROSPEROUS Trinidad, whose fortunes rose and fell with the price of crude oil. today is faced with many of the same problems that plague its poorer Caribbean neighbours. And none of its new-found problems is more acute than its housing shortage.
      UPI  -  564 words
    • 697 7 UPI THE US DOLLAR, ailing elsewhere in the world, is flourishing these days as Poland's auxiliary currency, bringing 900 zloty to ftie dollar on the black market, although the official exchange rate is 240 zloty. People buy dollars, other Western currencies or state-issued dollar coupons to
      UPI  -  697 words
    • 879 7  -  Ban on constitutional debate raises temperature of Korean politics By CLYDE HABERMAN NYT BY ABRUPTLY shutting off public discussion on altering South Koreas basic electoral structure, President Chun Doo-Hwan has increased the chances that he and the opposition will collide head on. Few
      NYT  -  879 words
  • Page 7 Advertisements
    • 199 7 A 1-1 J? §Mr I l GIOVANNI'S FAVOURITE EXPRESSION This is a very common expression on the faces of Ristorante Bologna patrons. Or anyone who takes Italian cooking seriously. And everyone interested in good cooking should know that in Northern Italy the inhabitants of the city of Bologna are as
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  • FEATURES
    • 523 8 THE TEST of a classic is its ability to survive, in all its topicality and nuances, the passage of time. By this measure, communism cannot be a classical system of thought, whether in the economic, political, social or artistic spheres. As far as economics goes, the increasingly
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    • 1190 8  -  Many more people in Singapore can be expected to be declared bankrupt over the next few years, an unfortunate consequence of the economic recession felt by many businessmen. What happens when someone is declared a bankrupt? What would his life be like after that?
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    • 640 8 UNLIKE straight John, smart Alec was all too aware of the loopholes in the bankruptcy laws. Five years ago, Alec was declared a bankrupt in absentia. He had fled to Taiwan with all his wealth after one of
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    • 376 8 FOR EVERY John or Alec there must be at least 10 Ah Bengs. Often their meagre incomes may not even be enough for their daily needs, let alone for repaying a debt. Resigned to the dim prospect of not being able to
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  • Page 8 Advertisements
    • 143 8 COMING HOME. Coming home means returning to a relaxed atmosphere. And being showered with the comforts you're accustomed to. It's enjoying TV or a video film while your suit is pressed and a missing button is sewn back on. It means appetising swiss-style veal for dinner. Orbeefrendang, teppanyaki, sushi, sharkstin—
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  • Page 8 Miscellaneous
    • 524 8 ).(<+'.'%[,=>$_')}?$%"<}>:=@;]" CRYPTIC PUZZLE ACROSS 1 Dog-like little chap following a sailor (6) 7 Again, as formerly increased (4, 4) 8 Chap with an act in the making? (4) 10 Go, mad varlet! (6) 11 Fruit very quietly introduced into drinks (6) 14 Being fishy, it won't hold water (3) 16
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  • SPORTS
    • 593 9 Reuter BORIS BECKER, eclipsed under the sun in the Monte Carlo Open Tennis Championship on Tuesday, was left to hope that a night's sleep would ease the hurt. "You just (eel disappointment because of all the work you put
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    • 521 9 UPI ALYSHEBA, in spite of going winless in 1987 and winning only one of nine career starts, was installed as the morning line favorite in today's US$2OO,OOO-ad-ded Blue Grass stakes at Keeneland. The 1 1/8-mile, Grade I stakes is the last major prep
      UPI  -  521 words
    • 335 9 Reuter THE MILWAUKEE BREWERS played on Tuesday night for a place in baseball history when the team faced the Chicago White Sox in search of its 14th straight victory without a loss at the start of a season. The Brewers on Monday night equalled
      Reuter  -  335 words
    • 230 9 AP THIRD-SEEDED Chris Evert glided past Nathalie Herreman of France 6-1, 6-1 on Tuesday in first-round action at the US$l5O,OOO Virginia Slims of Houston Women's tennis tournament. Evert took on Argentinian Marianna Perez-Roldan in a sec-ond-round match yesterday. Fourth-seeded Zina Garrison battled 17-year-old Halle Cioffe
      AP  -  230 words
    • 195 9 AFP JIMMY WHITE, the second favourite for the World Snooker Championship, had to fight all the way to reach the second round in Sheffield. England, on Tuesday. For the third time this season he was given a tough match by fellow Englishman Dean Reynolds, following
      AFP  -  195 words
    • 492 9  -  Jrankly speakinq... Walton Morais THE DISAPPOINTMENT was written all over the tennis promoter's face. He had just been informed that his biggest drawcard Robin White had undergone exploratory surgery on her knee and would not be able to play in the Carlsberg Singapore Women's Open.
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    • 316 9 AP ARGENTINA easily beat Australia 20-7 and Mexico defeated Brazil 10-4 on Tuesday to become the only two countries with a chance of winning the World Polo Cup with two rounds to go. The results gave Argentina six points from three games,
      AP  -  316 words
  • Page 9 Miscellaneous
    • 1297 9 to vm mm THURSDAY FEATURE SPECIAL Love Among Thieves 10.30pm, Channel 5 Audrey Hepburn (left) makes her television debut as a widowed, famous concert pianist who heists rare gems from a San Francisco museum and sets out for the wilds of Latin America to barter them for the life of
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  • INTERNATIONAL STOCKS
    • 292 10 Reuter FORD MOTOR CO has almost certainly out-earned larger General Motors Corp (GM) again in the first quarter of 1987, Wall Street analysts have said. When Detroit's financial statements are released by month's end, they said, the big three's first quarter earnings
      Reuter  -  292 words
    • 162 10 Reuter THE CHICAGO BOARD of Trade and the Chicago Mercantile Exchange are investigating questionable futures trading practices by Japanese firms using US markets. The trading techniques, confined to smaller Japanese firms, apparently involve the pooling of orders for US futures contracts from several customers to
      Reuter  -  162 words
    • 399 10 Reuter WALL STREET scored Its second biggest single session gain ever on Tuesday as investors, seeing a steady dollar and a strong rebound in bond prices, shrugged off for the time being their anxieties about accelerating inflation and rising interest rates. The Dow Jones Industrial
      Reuter  -  399 words
    • 168 10 APR 21 C S 1Inco 23% Int Prov Pipe 49% unch Abitibi 36 V4 -1% lu Intl 25% unch A lean Alum 56% 1% Kerr Addison 25% Algoma Stt 17* Loblaw Co 14 Bank Nova Scotia 18% McMil Bldl 25% Bank Of Montreal 35 Moison A 23% Bell Canada
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    • 129 10 APR 21 RAND MOUSTRIALS Trust Bk Un Steel Wooltru 210 unch A Alpha Abercom Aeci 1625 unch NOS Amaprop 540 5 AMIC 6700 50 Barlows 2400 -25 C G Smith CNA Currie Finance 520 unch aim Fad Volk 255 -10 Fuflit 840 30 Hi veld 50 -25 Ergo 2850
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    • 650 10 APR 21 US S Alcan Alumin 42% Alcoa 46% *1% AHeg Intl 24% unch Allied Sig 46 1% Allis-Chalmeri 2% Am BrirxJ* Inc 46% 1% Am Can Co 43% *1% Am Cyanamid 83 1% Am Elec Pwr 26% Am Express 69% Am Home Prod as 2% Am Motors
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    • 841 10 Amsterdam APP 21 FLS ABN 512 00 Aegon 90 80 -0 6 Ahold 107 70 -1.1 Akzo 136 60 -14 Alrenta 145 90 AMEV 60 SO Amro Bank 72 30 -8 5 Am Stad 126 50 ♦0.7 Bernei BOLS 156 50 +1 Borsumij 150 00 unch Buetirman Tetterode
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    • 43 10 Reuter CITICORP reported an 18 per cent jump in firstquarter revenue but said fully diluted per-share earnings fell eight per cent because of the cost of reclassifying as nonperforming US$3.B billion of loans to Brazil. Vienna prices were not available
      Reuter  -  43 words
  • Page 10 Advertisements
    • 601 10 f <S m s*. f." :'n If T s I tS ISP; --L-'::. ■LU I'.**. i m <mm m 0 m -&•*.-> zir .v Y^"-:-: m International Secretaries' Week Captivating fashion shows, attractive door gifts and beautiful Lucky f Draw prizes to the T accompaniment of 1 a superb lunch
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    • 278 10 London stocks on Pags 15 Dear Boss, Here are some little reminders from us to you for your dear secretary. At Cafe de Prince lunch and dinner buffet of no less than 40 local, western and Muslim favourites: $16. Or let her pick all tlx? fresh fruit and salad sht
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  • ASIAN STOCKS
    • 469 11 HONGKONG: Share prices closed slightly higher yesterday on late bargain hunting by small investors, but trading was sluggish throughout the day. The Hang Seng Index gained 3.53 to 2,716.89 and the Hong Kong Index was 3.45 higher at 1,749.40. Turnover was HK5455.13 million Stocks which opened lower in line
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    • 487 11 SYDNEY: Widespread profit-taking pushed share prices down yesterday, but late Japanese buying brought them off their lows at the close. Investors began to take profits in gold stocks after the bullion price failed to maintain Tuesday's sharp gains and fell almost US$6 in New York overnight. But buying crept
      487 words
    • 296 11 APR 23 MT S L Kolin 30 60 •0.3 Kuochan Dev 36 10 -19 Lee Chang Yuen All Sincere Indus 4.71 -024 Chem Indus 37 40 -15 Asia Cement 43 40 -1.4 Lien Hwa Indus 27 90 -1.4 Cattiay Cons 53 00 -1 Nan Ya Plas 51 00 0
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    • 483 11 TOKYO: The market index surged to a record close in heavy volume yesterday, but was slightly down from a midday peak, after bargainhunting which affected mainly large capitalisation issues following declines in the last two sessions. The market index rose 211.69 to a record closing 24,097.79 after earlier hitting
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    • 79 11 APR 22 PESOS Marsteel Oriental B 0 03 unch Acoje Mining Anglo Phil 0 50 unch Apex Mining B ***** -0 0025 Picop B 5 13 PLDT 370 unch Baguio Gold 0 005 -0 0005 San Miguel B Basic Petroleum 0014 unch 140 2 Seafront 0 019 unch Benguet
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    • 130 11 APR 23 Chiil Sugar WON 3100 Kal Kanawon Ind Kia Motor 1322 ***** 1665 17 -600 25 Oaelim Ind ***** 080 Kolon Ind 3850 -70 Daewoo Corp Daewoo Heavy Daishin Securities Dong Ah Phar Dong Suh Stock Dongbu Stool 1050 1302 3890 ***** ***** 2240 -3 ♦22 -22 120
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    • 168 11 Reuter BANGKOK: The Stock Exchange of Thailand Index rose 2.70 to 245.42 on a turnover of 2,364,213 shares worth 312.1 million baht. Reuter APR 22 BAHT *h Sana Union 210 •2 Ao Kham Thai Siam Cement 959 *24 Ayudhya Investment 300 -12 Siam City Bangkok Agro-lnd 89 1 Cement
      Reuter  -  168 words
    • 78 11 Reuter CITY RESOURCES (Asia) Ltd, a Hongkong-listed unit of Australian based City Resources Ltd, has acquired an 80-day option to buy exploration, development and operating rights for mining property on the island of Luzon in the Philippines. It said that average assay results of random
      Reuter  -  78 words
    • 385 11 Reuter TAIWAN, alarmed by record rises of share prices in the past two days, is determined to crack down on speculative trading. Chu Chao-Chuan, chief secretary of the Securities and Exchange Commission, said the government would carefully scrutinise stock trading, especially on inactive
      Reuter  -  385 words
    • 502 11 Reuter THE PRESS, a leading New Zealand newspaper published in Christchurch, is to be sold to a Wellington-based group which then will become the country's biggest media empire, it was announced on Tuesday. The purchase by Independent Newspapers Ltd
      Reuter  -  502 words
  • Page 11 Advertisements
    • 682 11 1 -V»w m Wi m mm m f r /v u i Taw* j t' :.i'j3SW5 jtM**?'?: t X' ><0 .1. IvbRYS You are invited toTHE APRIL SHOWERS! Something different. Something special Something unusual. That's what The Ivory k A has in store for you. -V TH Spring n v
      682 words
    • 198 11 K ENTERTAINMENT /M&k Otwclaßcmd < the Philippines A sensational band that is sure to please with its fast/ slow numbers, favourite oldies and latest rock. sSisr TCA The popular I Uw local soloist. For your sentimental moments. HAPPY HOURS 12 noon Bpm WO j DISCOUNT on bottle rales and premium
      198 words

  • COMMODITIES
    • 426 12 Reuter NEWS LATE TUESDAY that the Peruvian government ordered its state marketing arm Minero Peru Comercial SA (Minpeco) to suspend foreign sales of silver may boost prices for the precious metal. Analysts said the silver futures market at Commodity Exchange Inc, Comex, could test
      Reuter  -  426 words
    • 466 12 Crude palm oil futures closed lower on persistent selling on the Kuala Lumpur Commodity Exchange yesterday. The market continued its easier trend on lower advices from the Chicago Board of Trade and Rotterdam produce market. Elsewhere, no fresh encouraging news were forthcoming, dealers said. May lost Ms 6
      466 words
    • 281 12 Chinese Produce Exchange S*(t*rV noon doting prtc*» on April 22 (S$/100 kg) Coconut oil Bulk FOB 88.00 Old drum FOB 98.00 N*w drum FOB 102.00 Copra Mixed (loo**) 50 tellers Pepper Muntok whit* FOB NtW 1145.00 Sarawak whit* FOB faq NIW 1130.00 Sarawak ip*dal block FOB NIW 920.00
      281 words
    • 103 12 FUEL OIL stayed static as buyers and sellers remained at a price stand-off. Gasoil inched up on good buying interest and tighter supplies. Kerosene was quiet on FOB Singapore but some speculative interest for second-half May c f Japan barrels. Naphtha was firmer on speculative interest. LSWR
      103 words
    • 104 12 SOYBEAN FUTURES on the Chicago Board of Trade closed 3-1/4 to five US cents a bushel lower on Tuesday, with spot May at US$5.l4-1/4. State crop reports showed midwest soil moisture levels were favourable to soybean planting, and that weighed on prices for new crop months, which led the
      104 words
    • 158 12 Reuter CHINA'S summer crops, mainly wheat and rice and accounting for one third of the annual total, "look well" in all areas except the middle and lower reaches of the Yangtze. The New China News Agency said recent rains have eased the effect of a
      Reuter  -  158 words
    • 206 12 SINGAPORE The market closed slightly higher yesterday with May 1 RSS buyers quoted at 202.75 cents/kilo, up 0.75 cents from Tuesday. Trading on the TSR-20 market was quiet and prices fluctuated narrowly without any clear trend. May and June TSR-20 closed unchanged at 167.00 cents/kilo. MALAYSIA The market closed
      206 words
    • 84 12 THE PRICE OF TIN on the KLTM recovered lour centa at yesterday's clot* to MSI 6.65 por kilo on strong buying demand. Tuesday's low price attracted strong buying Interest of 204 tonnes at the opening but sellers were willing to offer only 70 tonnes at that level. Buyers
      84 words
    • 80 12 (canti/kg, 1 -ton pollen) MAY 87 JUNE 87 (currant month) (forward month) NOON NOON RAS S*IWM Ivytn SSR 20 175.50 177.50N 175.50 177.SOU SSB SO 174.50 I75.50N 174.50 175JON MRELB Suy»n S^Wn Ruy»ri S«ll«r» SMR CV 241.00 243.00N 242.00 244.OON SMR I 240.00 242.00N 241.00 243.00N SMR
      80 words
    • 530 12 AFP THE SHARP RISE in the price of gold over the last month has come as a powerful windfall for the South African government just ahead of the whites-only elections on May 6, according to economic analysts in Johannesburg. But
      AFP  -  530 words
    • 250 12 HONGKONG: Gold closed with pared gains on heavy profit-taking by US and Swiss metal traders. Bullion ended at U*****.00/50 an ounce compared with a high of U*****.10/60, which largely followed news that Peru's state minerals marketing arm would suspend silver sales abroad. This compared with an initial U*****.50/U*****.00
      250 words
    • 165 12 WHEAT FUTURES on the Chicago Board of Trade closed 5-1/4 to three US cents a bushel lower on Tuesday, with spot May at US$2.7B-1/2. State crop reports showing growth of soft red wheat above expectations weighed on new crop months. Trade talk that more hard or spring wheat had
      165 words
    • 306 12 RAS prices In 3 cmMq, FOB In bal* NOON CLOSE Buyers Sellers Ruyers Sellers Int 1 RSS Prompt 205.50 206JON 205.50 206JON trrt 1 RSS May 87 203.00 204.00 202.75 203.25 Int 1 RSS Jun 199.50 200.00 199.25 199.75 lot 2 RSS OP 188 JO 190 JON
      306 words
    • 317 12 London Commodity Exchange ftvyor/ SdUr dering prico* on AprR 21 (i/tom* unlaw ip«dft*d) Frovtow doy'i doting prtoM In PQfifllhtlil Coffee ftosh k>-ftof® London, M«*n option OF London May 1304/1310 (1262/1263) H»gh/low 1315/1298 My 1326/1327 (1295/1297) High/Low 1345/1324 So»** (4275 Cocoa May 1298/1299 (1302/1303) High/Low 1307/1297 My 1331/1332 (1335/1336)
      317 words
  • Page 12 Advertisements
    • 749 12 NOTICES In the matter of THE COMPANIES ACT, CAP. 183 and In the matter of UNIT HOLDINGS PTE LTD NOTICE OF SPECIAL RESOLUTIONS At on Extraordinary General Meeting of the Members of the Company duly convened and held at 51, Anson Road. #02-57 02-29 Anson Centre, Singapore 0207, on Wednesday,
      749 words
    • 166 12 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We. JAVA MARINE LINES PTE LTD of 80 Marine Parade Road #12-04/05 Parkway Parade, Singapore 1544 hereby give notice that In conseqtlfence of the Intended change of ship's name. We have applied to the Registrar of Singapore Ships, under Section 417 of
      166 words
    • 151 12 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, Samta Star Trading Pte. Ltd., hereby give notice that In consequence of our Purchase a motor vessel M.V. NORRIS of Panama Flag. We have applied to the Registrar of Singapore Ships, under Section 417 of the Merchant Shipping Act (Chapter 172,
      151 words
    • 196 12 POLY INDUSTRIAL, Kk'i A* n* I HCi ißcl HCI 0»J f.lCl BERHAD (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Cap. 186, that the Final General Meeting of Members of the abovementloned company will be held at 545 Orchard
      196 words
    • 227 12 NOTICE IS HEREBY GIVEN that, I Kok Chin Min of No. 81, Johore Road Singapore (0719), have applied for a Retail Beer Shop Licence in respect of premises at 81, Johore Road Singapore (0719), and that this application will be heard in Court No 1, Subordinate Courts, Havelock Road, Singapore
      227 words

  • SHARE INFORMATION
    • 4327 13 SHARE PRICES on the Singapore stock market ended higher in fairly active trading yesterday. There was intermittent profit-taking but stockbrokers said that was well absorbed. Blue chips and selected Malaysian stocks continued to be sought after, and registered fairly good gains. At the close,
      4,327 words
    • 252 13 SINGAPORE Rises Indices Not Iron 570 30 Apr* 21 Apr! 22 Oy D*V 50« 424 28 IT Composite 1001.11 1010.13 out 444 26 ITOI/OS 239 358 Ming Court 398 +16 IT CADi -6170 -6104 Spore Land 670 +15 IT 10-doy MA -6290 -6254 MHour 348 +14 IT
      252 words
    • 4603 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"
      4,603 words
    • 74 13 GUINNESS MALAYSIA Berhad: 23rd AGM at Sungei Way Brewery, Petaling Jaya. Selangor. today at 11am. MALAYSIA Building Society Berhed: 17th AGM at the Board Room. 12th Floor. Wisma MBSB, 48 Jalan Dungun, Oamansara Heights. ***** Kuaia Lumpur, today at 11.30am. UNITED INTERNATIONAL SECURITIES Limited: 17th AGM at the
      74 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 511 14 Initial response encouraging, says director Bernama ES THE MALAYSIA Fund Inc (MFI), a closed-end management investment company set up to tap the American investment market, is to be offered to Japanese and European investors as well. MFI director Oatuk Malek Merican said
      Bernama ES  -  511 words
    • 1397 14 Current Ex Books Dale Total tor Total tor payment dale ctoee payable •»e year laat year A 1 N 13'/,% NYA NYA NYA 27% 27% A Enterprise* 2%W Jun 5 Jun 17 Jul 3 22% Aeroo l%TE NYA NYA NYA '%TE 4%TE Ajinomoto 12% Apr 21 May 4
      1,397 words
    • 117 14 HONGKONG Hongkong Index Wednesday 1749 40 Tuesday *****5 Week ogo 1732.17 Hang Seng Index Wednesday 2716 89 Tuesday 2713 36 Week ago 2693 62 All Industrials Wednesday ***** Tuesday ***** Week ogo ***** NEW YORK Dow Jones Tuesday 2337 07 Monday 2270 60 Week ago *****8 TOKYO Ntkkei
      117 words
    • 307 14 Bernama ES A LEADING BANKER has said the corporatisation of the Malaysian stockbroking industry must be sped up as any delay would only stunt the growth of the market. The banker, who did not want to be identified, said such delay would also leave Kuala
      Bernama ES  -  307 words
    • 258 14 Bernama ES THE CHAIRMAN of the Kuala Lumpur Stock Exchange (KLSE). Nik Mohamed Din, said he hoped the corporatisation of the stockbroking industry would be extended to allow strong public companies and insurance firms to participate. Currently, only financial
      Bernama ES  -  258 words
    • 451 14 Bernama ES TAKEOVERS and mergers are expected to pick up when the current recession in Malaysia gives way to more bullish development. Deputy Trade and Industry Minister Datuk Kok Wee Kiat said acquisition-minded companies were expected to take advantage of the current under-priced issues that
      Bernama ES  -  451 words
    • 2864 14 INDUSTRIALS Aono (***** Adnomoto (***** (1) 330 xd AJax Hldg I —l Alcorn (766 775) (1) 75 111 755 (Id 76 AIS6 ***** I14S) 112 115 061 113 1174) 114 AH (748 74 ss) (44) 75 151 74 (2) 73 153» 74.5 ASM (—I (35)
      2,864 words
    • 257 14 Managers' prices for April 23 Singapore Unit Trust The Commerce 1 09 II6 The Savings fund 093 0 99 Spore Prog fund 043 047 S'pore Sec fund 074 0 79 S'pore Invest fund 080 0 86 S'pore Equity fund 052 056 Asia Unit Trust Mol Invest fund 1
      257 words
    • 468 14 SHARE PRICES were pushed to yet higher levels on the Kuala Lumpur stock market yesterday. Dabblers displayed continued confidence with the buying spree leaving a trail of double-digit gains. Operators did not show signs of anxiety as the Umno elections drew nearer. Their
      468 words
    • 155 14 Reuter MALAYSIA'S remisiers said they might boycott the Kuala Lumpur Stock Exchange (KLSE)'s realtime price reporting system to be launched next month if the KLSE did not lower subscription fees for terminal units. The 340-member Remisiers Association of Malaysia (Persama)
      Reuter  -  155 words
    • 342 15 MOB SSKDSCU By HOCK LOCK SIEW INVESTMENT CIRCLES accept worldwide that it is the responsibility of advisers to new listings to ensure a lively aftermarket. Following the deliriously enthusiastic welcome Avimo Singapore has been given, the company can look forward to explosive trading when the shares make
      By HOCK LOCK SIEW  -  342 words
    • 692 15  -  By AMY CHEOK AS EXPECTED, the public share offer by Avimo Singapore Ltd has broken all records set by previous public issues. At the final count, the Avimo shares available to the public were subscribed 104 times, raking in $3.07 billion in application monies,
      692 words
    • 155 15 FIRST CAPITAL Corporation Ltd (formerly Sealion Hotels Ltd) has set up a wholly-owned subsidiary called First Capital Assets Pte Ltd with an authorised capital of $20 million and a paid-up capital of $2. The company's main activity is the holding of investments, and its two directors are Allan
      155 words
    • 643 15  -  Back-door approach possible By NAJEEB JARHOM LESS THAN TWO YEARS after establishing a new division based in Sydney, Straits Steamship has resolved to seek public listed status this year for the division called Straits Australia, which groups all of its assets and businesses
      643 words
    • 264 15 WEARNE BROTHERS Ltd's group managing director, Mr Seek Hong Chee. has quit after two years in office. No reason was given for his resignation from the board of Wearnes, which is a member of the Oversea-Chinese Banking Corp group of companies. A
      264 words
    • 475 15  -  By ELAINE KOH THERE WILL BE a choice of five more trustee stocks for CPF members to invest in from today under the statutory board's approved investment scheme. The new additions which comply with criteria under the Trustees Act are Cereboe Pacific Lid, Hwa
      475 words
    • 196 15 CREDITORS of Emporium Holdings and Oriental Emporium (Bukit Timah) will meet to consider a scheme of repayment on May 19, following the application for a date by the provisional liquidators yesterday in the High Court. The rest of the 17 subsidiaries are expected to hold
      196 words
    • 767 15 EQUITY PRICES were marked up early yesterday in the wake of sharp gains on the New York Stock Exchange after a steadier dollar pulled US bonds sharply off the day's lows. Sentiment was also helped by a record closing high on the Tokyo stock market. INDUSTRIALS Apr 21
      767 words
  • Page 14 Advertisements

  • Page 15 Advertisements
    • 148 15 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due 29th April 1968 of: NATIONAL BANK OF HUNGARY (Magyar Nemzeti Bank) SZABADSAG TER 8-9, BUDAPEST V, H-1850, HUNGARY We hereby certify that the rate of interest payable on the above mentioned Certificates of Deposit for the
      148 words

  • 497 16  -  Hongkongßank joins in the fray By ALVIN TAY, Banking Correspondent THE TUSSLE for Bank of America's Visa card business in Singapore took on a new dimension with the revelation yesterday that the Monetary Authority of Singapore had suggested to Standard Chartered
    497 words
  • 407 16 Reuter THE SOVIET UNION yesterday proposed a world economic conference to reform the international monetary system, stabilise commodity markets and fight protectionism. Foreign Trade Minister Boris Aristov said that Moscow wanted to take a more active role in world commerce and eventually become a
    Reuter  -  407 words
  • 304 16 Bernama ES FORMER Australian Prime Minister Malcolm Fraser yesterday suggested the formation of a technical trade association to tackle the problems of protectionism and dumping. He said that countries in the Asia-Pacific region could get together to fight for fair trade rules since, individually,
    Bernama ES  -  304 words
  • 131 16 Reuter THE STRONG yen has significantly altered economic relations between Japan and Asean, Japan External Trade Organisation president Shiro Miyamoto said. He said in Bangkok that the fast-rising yen had forced Japanese companies to abandon their traditional role of buyer and processors of raw materials
    Reuter  -  131 words
  • 365 16 Bernama THE MALAYSIAN government yesterday declassified and released extracts of several secret documents pertaining to the national car project. Pulau Pinang Bridge, the Dayabumi complex and the Memali incident. On the national car project, the documents said the project proposal had been agreed to by
    Bernama  -  365 words
  • 204 16 Reuter INDONESIANS today vote in nationwide elections which President Suharto has dubbed a "feast of democracy". The ruling Golkar Party is assured of victory in the ballot and about the only question in doubt is whether Golkar will achieve its announced target of
    Reuter  -  204 words
  • 243 16 AP, Reuter ASEAN WILL formally protest to the Japanese government a Japanese company's plan to give aid to Vietnam, a Thai Foreign Ministry spokesman said yesterday. Asean ambassadors to Tokyo will soon present an aide memoire asking Japan's Foreign Minister Tadashi Kuranari
    AP,; Reuter  -  243 words
  • 505 16  -  By TONG SUIT CHEE ELEVEN CONSULTANTS are vying for the job of advising the government on the $265 million link between Sentosa, Pulau Brani and the main island. No decision has been made on whether the road link will be in the form of a
    505 words
  • 107 16 Reuter GOLD AND SILVER prices slipped in Europe yesterday as investors sold bullion to take profits, but dealers said both metals' futures remained bright as long as uncertainty ruled on international financial markets. Turbulence on the world's stock and currency markets in recent
    Reuter  -  107 words
  • 81 16 UPI FORMER Chinese Communist Party leader Hu Yaobang cast his ballot in local elections yesterday, his second public appearance since he was ousted in January for failing to curb the spread of capitalist trends. China Central Television showed him at a Beijing polling booth wearing a
    UPI  -  81 words
  • 65 16 Reuter INVESTORS' euphoria after Tuesday s near-record advance was all but extinguished early yesterday when interest rate worries resurfaced in force. A sharp decline in bonds, following a larger-than-expected rise in March durable goods orders and rumours of a discount rate rise, triggered selling. The Dow Jones
    Reuter  -  65 words
  • LATE FILE
    • 41 16 Bernama SINGAPORE'S First Deputy Prime Minister and Defence Minister, Mr Goh Chok Tong, and his delegation yesterday left for home after a threeday official visit to Brunei Darussalam, according to a Radio Brunei Darussalam broadcast. Bernama
      Bernama  -  41 words
    • 49 16 Reuter AMERICAN orders for the most expensive manufactured goods rose a strong 3.4 per cent in March, boosted by higher military orders, the US Commerce department reported yesterday. The rise in orders for durable goods was greater than what analysts had expected. Reuter
      Reuter  -  49 words
    • 37 16 UPI THAI POLICE said yesterday that they had arrested 16 leaders of the outlawed Communist Party of Thailand, including four politburo members, in the biggest round-up of party members in Thai history. UPI
      UPI  -  37 words
    • 39 16 Reuter THE NUMBER of strikes in the Philippines fell by 9 per cent in the first quarter of this year compared with 1966 amid signs of bullish investors' confidence in the economy, officials said yesterday.
      Reuter  -  39 words
    • 53 16 Reuter CHINA yesterday abused India of massing troops along their border and said Indian troops were trying to push back the border in places by "nibbling" at Chinese territory. A Chinese Foreign Ministry spokesman said tension along the border had increased due to "India's
      Reuter  -  53 words
    • 55 16 UPI THE US and Australia both expressed concern yesterday over increasing Libyan influence in the South Pacific. The US ambassador to the United Nations, General Vernon Walters, who is on a tour of South Pacific nations, had talks with Australian Prime Minister Bob Hawke and Foreign
      UPI  -  55 words
    • 48 16 AP THE SRI LANKAN government said the air force carried out retaliatory bombing attacks yesterday on outposts of two Tamil rebel groups blamed for a bus station bombing. It said the air strike killed at least 80 people and injured about 80 others.
      AP  -  48 words
    • 40 16 Reuter HONGKONG s Centre Daily News, a Chinese language newspaper founded by a Taiwan publisher, suspended publication yesterday because of financial problems. The daily will lay off its more than 100 employees, company officials said. Reuter
      Reuter  -  40 words
  • Page 16 Advertisements
    • 173 16 SHml Ws ft yi Popular Hong Kong Dishes plus other local selections Seafood steamboat as of today Airflown 'Sultan Fish' from Pahang J 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 Kong cuisine
      173 words
    • 19 16 Leader, Page 8 Vietnam to cut one million jobs, Page 4 Indonesian trade surplus slashed by half, Page 4
      19 words
    • 474 16 The Convex gold and silver report* were not available at press time DPI Creative Rational Decision-Making Workshop Singapore, May 25 27, 1987 At the end of the workshop, participants would: be conscious of how they currently solve problems make decisions and analyze potential problems. have learned a systematic approach to
      474 words
  • Page 16 Miscellaneous
    • 52 16 Outlook: Showars ovar m vara I araas In tha afternoon. Raport for 24 hours prior to 7.30pm on April 22 at tha airport Maximum tamparatura 32.6 Aaaoclatad humidity 64 Minimum tamparatura 25.3 Aaaoclatad humidity 97 Hours of sunshlna 5.05 Rainfall In mllllmatras 11.2 Rainfall thla month 62.5 Rainy days this
      52 words

  • SHIPPING TIMES
    • 522 17  -  By G DURAIRAJ KLANG PORT Authority has offered concessionary rates, including volume discounts, for several cargo items as part of a move to encourage traffic in commodities. Fresh fruit importers have been offered a saving of M 52.10 per tonne
      522 words
    • 153 17 SOUTH KOREAN authorities questioned six executives of a major shipping company on suspected irregularities including tax evasions on Wednesday in an aftermath of the suicide of its owner who is a brother of "Koreagate" figure Park Tong-Sun. Under investigation were president Hahn Sang-Yon, 52,
      153 words
    • 137 17 AFP AT LEAST 47 container ships were idled at major Japanese container ports on Wednesday as harbour workers continued an indefinite strike, Japanese port officials said. The 60,000-member Japan Council of Port and Harbor Transport Workers' Union launched the strike on Tuesday to press its
      AFP  -  137 words
    • PORTSIDES
      • 135 17 AFP THE INDIAN government will examine feasibility reports before setting up a free port in its Anadaman and Nicobar islands in the Indian Ocean, the Indian parliament was told. Suggestions for a free port in the Anadaman islands had to be examined in detail, Commerce
        AFP  -  135 words
      • 106 17 Reuter FOUR MEN who clung to an overturned yacht in high seas throughout the night have been rescued by an Australian container ship. The Australian Venturer found the West a way believed to be either a catamaran or trimaran north-east of New Zealand's North Island
        Reuter  -  106 words
      • 57 17 TRANSPORT Intermediaries Mutual Insurance Association has completed its second year with more than 330 companies and members. TIM is one of two clubs selected by the Singapore National Shippping Association to provide insurance for Singapore ship agents. TIM insures a huge number of SNSA members and
        57 words
    • 635 18 AFP THE WEEKEND suicide of South Korea s top shipping magnate reflects the worsening state of the nation's ailing shipping industry which is sinking deeper into debt in spite of government efforts to rationalise it, analysts said on Tuesday. Park
      AFP  -  635 words
    • 617 18 Reuter THE HALF-SUNKEN, rusting hull of a large tanker warns seamen approaching the Bosphorus of the dangers of the narrow, crowded waterway dividing Asia from Europe. It is the wreck of the Rumanian vessel Independents, which burned and sank with more than 40 lives lost when
      Reuter  -  617 words
    • 192 18 Reuter POLLUTION threatens irreversible damage to the North Sea, the environmental group Greenpeace said in a report, accusing Britain of not taking the same precautions as other countries bordering the sea. The report said marine life was threatened by human activities in the North Sea, including
      Reuter  -  192 words
    • 684 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 1/2 APC line V 4 API III 2/3 ASCI III 1 Bait-Canada line VII 4/5 Bait-Orient line VII 4/5 Bank line V 5
      684 words
    • 1101 18 THE LONDON freight market was slow to regain pace on Tuesday after the four-day Easter holiday, but there was no further sign of the rate deterioration evident before the weekend. Grain voyage fixing was confined to Richco's payment of US$lB (fio) for a 31.000-ton barley movement from the
      1,101 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
    • 189 19 AP AT LEAST 18 people were killed and 14 others injured in South Korea on Tuesday in various accidents caused by storms and galeforce winds, South Korean government officials said. The freak storms and winds, gusting up to 81 feet
      AP  -  189 words
    • 319 19 Lloyd's List THE PORT of Madras proposes to extend the existing container terminal berth 220 metres northwards to cope with increasing box traffic. Mr Ashoke Joshi, chairman of the Madras Port Trust, said the terminal was already handling peak traffic of more than
      Lloyd's List  -  319 words
    • 50 19 A NEW liner service between the North Continent/UK and the Caribbean will start in the second half of April. The service, called Europe-West Indies Line, will operate on a three weekly schedule calling at Antwerp, Felixstowe, Hamburg and Rotterdam to the Caribbean ports of Curacao and Trinidad.
      50 words
    • 824 19 AFP THE LOWER volume of activity in the run-up to the long Easter break made it difficult to detect a significant trend on the freight market during the past week, although firm receipts in the time-char-ter sector pointed to a steady undertone. Continued evidence of Soviet chartering activity
      AFP  -  824 words
    • 335 19 AP AN IRANIAN helicopter fired two missiles but missed a Japanese tanker sailing to Kuwait, Bahrain marine salvage executives said. The attack on the 53,000-ton liquefied gas carrier Tenryu Maru occurred on Monday about 65 kilometres off
      AP  -  335 words
    • 199 19 Reuter SOVIET Deputy Foreign Minister Vladimir Petrovsky said he had given Gulf leaders detailed proposals from Soviet leader Mikhail Gorbachev for talks to end the Iranian-Iraqi war and safeguard shipping in the Gulf "We propose multi-party talks to take a common position on ways to
      Reuter  -  199 words
    • 8515 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.
      8,515 words
    • 1330 26 AT CONVENTIONAL WHARVES Ratonokorn M2 23 04,0700 24 *****0 Vessel KEPPEL WHARVES Equator V Gam 6© la Hyundai 5 Ibn A Nofees Kota Ayung Kota Aogkoso Koto Mega* Koto Sal am Mik Solokho 8ff Roioh Brooke fcjeka Toana Niugim LHd Enterprise Concord Echizen for East Pilot Koto
      1,330 words
    • 126 26 Area/Port Viscosity CST at 50C Density G/ML at 15C Watar Volume 0/0 Africa/Red Sea Jeddah Durban Arabian Gulf U9/195 147/193 0.948/0.973 0.983/0.993 0.1/2.4 0.1/0.3 Ras Tanura Bahrain Europe 139/161 178/194 0.946/0.950 0.968/0.981 0.0/0.1 0.1/0.2 Rotterdam Hamburg Le Havre Genoa Far East 33/454 143/405 27/388 38/398 0.950/1.006
      126 words
  • Page 17 Advertisements
    • 787 17 ■n\D iQ\ m Mammoth Hunters Jean M. Auel ra L_J CORONET BOOKS Available al all Good Bookshops [s*k\ STP Distributors MjfUf 2 Jurong Port Road 22« i O* ''f iVOUf.> OOCL WW/ 200 Cwtoonunt Road #12-05 South point Singapore 0208 T«i *****11 TELEX MO RS ***** TERMINAL/CFS Til *****18 220
      787 words
    • 75 17 Park's suicide reflects worsening state of shipping Industry, Page II \mm THE WEEKEND suicide of South Korea's top shipping magnate reflects the worsening state of the nation's ailing shipping industry. Page II THE PORT of Madras proposes to extend the existing container terminal berth 220 metres northwards to cope with
      75 words
    • 925 17 A WOMAN Of POWER. SHE SUBSIAHCE needed love. SHE WANTED REVENGE. kM A WOMAN OF SUBSTANCE *liul what is the price she has paid? iy J| Available at all good bookshops MAERSK LINE EUROPE The Direct Line Towards A Weekly Service To: Europe UK Scandinavia Finland Th« Met Ragina M
      925 words

  • Page 18 Advertisements
    • 328 18 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO MEDITERRANEAN AND EUROPE ALSO ARABIAN GULF AND INDIAN SUB CONTINENT A!so acceding cargo to all U K destinations Scandinavian (Aarhus Copenhagen Gothenburg) and other European Inland points OUTBOUND TO MEDITERRANEAN VIA FEEDER PK PNC VILLE D
      328 words
    • 17 18 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association
      17 words
    • 311 18 nfciKfefti TRANSPORT TEL- 03-*****50 I MALAYSIA SON. BHD. TLX: ***** MTM EUROPE/FAR EAST CONVENTIONAL SERVICE Frt. Booking contact Miss Gan LOG. FOR Bangkok-Hongkong-Huangpu u Kaoiuiung Bangkok Manilj-Hongkong-Kaohtiung SPORE 4/S I*s 4* P VSL PT of LOG DATES PT KLANG LE CHANG LING SaiM t/5 AGLAIA 7 SaiM SCAN VENTURE l/mwden■
      311 words

  • Page 19 Advertisements
    • 713 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd P&OCLUt p&o Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAIfCRSHP SERVICE TO UK/CONTINENT: Accepting Cargo Fori to Antwerp. i |0 Br—r. It all UK tm rAINERShfIP SERVICE FROM UK/CONTINENT: The swire China Navigation Co. Group 57
      713 words
    • 659 19 CHARGEURS REUNIS CONTAINER SERVICE TO MEDITERRANEAN S port P Kelang B'lona ■OUT BLANC MARU SMM 23 Apr 9 Mr kwt Blanc maru s«w n Apr J■>. 12 b, 14 May 19 May NEW OASIS 5 May 7 May 22 toy 2S May 27 lb, 1 jun ana pioneer 10 May
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    • 55 19 NOTICE m.v. "3.0. TRtPURA" VOY: J1 •rrtvad 21st April 1987 at P.SJL Oodown No. K-9 General Survey of cargo ex the above vessel will be held on Monday. 27th April ***** from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. Agents: i R. JUMABHOY
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  • Page 20 Advertisements
    • 250 20 as Hapag-Ltoyd CONTAINERSHIP SERVICE TO UK/CONTINENT ALL UK INLANO DESTINATIONS. BELFAST. DUBLIN COPENHAGEN. AARHUS. GOTHENBURG. MALMO, HELSINKI. OSLO. AMSTERDAM CARIBBEAN t S AMERICA CON V/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
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    • 688 20 fMM Co**o*4 r/#» FULLY CONTAINERISED SERVIC TO FUROPf VIA SUEZ S pore LeHavre R dam Fstowe M burg B haven Antwerp NEPTUNE CRYSTAL 39W 294 18 5 19 5 20 5 23 5 245 *5 VERRA2ANO BRIDGE 86W 65 255 265 27 5 30 5 315 2-6 TRANSWORLD BRIOCE 37W
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    • 365 20 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: KK Tg Mam S PORE PT KELANG LOADING FOR Sailed Sailed Rott Antw UK (Newport) MOORDRECHT 25 4 ITC 005 Sete'Rott, Antw/UK (Newport) Agents: SINGAPORE CALICO SHIPPING PTC LTD Tet 726 am TU: IK Sill CALICO FAX: 2MSZ7I PORT KELANG
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    • 1130 20 m EVERGREEN Full Container Sc/vice Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SGP HKC KSG KLG PUS OSK TYO KSN CHS NYC HK ax m Ml LN* ALSO ACCEPTING CARGO TO: 1) WKJVIOCKCt. NEWARK SAVANNAH. BOSTON PHILADELPHIA, NORFOLK JACKSONVILLE WILMINGTON. KMRJOA ETC A ATLANTA. CMtCAOO DETROIT. COLUMBUS A OTHER MAJOR MKROMIOGt DESTINATIONS CRISTOBAL
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  • Page 21 Advertisements
    • 637 21 PACIFIC INTERNATIONAL LINES \Vk\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL MAJAPAHIT GOWA KOTA SINGA •MUR MURORAN (HOKKAIDO) *HTC HITACHI INDONESIA CONTAINER SERVICE VESSEL SEA GLORY SEA FORTUNE SEA GLORY SEA FORTUNE BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE VESSEL PIYA BHUM
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    • 767 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT B'HAVEN IDA* HAVRE UA >4A 14A 1M IM M a* on EXPRESS CONTAINER SERVICE FROM UK/CONTINENT B'HAVEN R OAM HAVRE STON IP KLANG tIWI FOR ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANC AND EAST MALAYSIAN PORTS KKj JEBSEN LINE NEW ZEALAND Tl
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    • 744 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD r* EXPRESS SEMI CONTAINERSNIP SERVICES SINGAPORE TO EUROPE VESSEL/VOY LJ SONTANG/11WB mataram/ibwb ganda gama/ibwb PALEMBANQ6WB ANTWERP S POKE BILBAO BREMEN A DAM/RDAM H BURG 21 30/4 24/5 2/6 4/6 26-29/5 J/7 J/7
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    • 423 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon PAGAN VU2 MYOMAYWA VIO3 PA AN VUM PAGAN VU3 Spore SW 23/77 Apr V* May 10/12 May P.Kelang Penang Bangkok 23/25 Apr BANK line EXPRESS SEMI-CONTAINER SERVICE NORTHBOUND TO UKC SPORE ROAM HULL HMBG TOANA NIUGINI
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  • Page 22 Advertisements
    • 1448 22 Kline KAWASAKI KISEN KAISHA. LTD. ECUADOR PERU CHILE FEEDER VSL MOTHER VSL J BRIDGE V 65 TBN MOTHER VSL SPORE PKLC PNG SPORE KOBE GUAYAQUIL CALLAO ARICA IQUIQUE AFAGASTA S ANTONIO VALPARAISO TBN 22 Apr 23 Apr 24 Apr 28 Apr 15 May 7 Jun IS Jun 19 J„n CENTRAL
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    • 715 22 <li AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* PKAnj [liner Veuel S pore 11Mb Frem Sydn "RAMDAS *i» 23 Apr 7 May 16 May 14 Md/Bm ESTECLIPPER V.13 29 Apr "CMANOIOAS' VJS 3 Apr 13 22 May 20 May Add Bra CALABAR ¥34 12 May "KABIROAS" VJ4 20 May 4
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    • 842 22 GOLDEN LINE GUAM GUAN SHIPPING (PTE) LTD 23. IctoA he Sbwt SMGJWRE 0104 m 5343M1 (10 LNSI STRAITS/PERSIAN GULF SERVICE: Spce PMa* Penan, GOLDEN BEAR Colombo Karachi Mina Qaboos Dubai In Port GOLDEN HARVEST Colombo Karachi Dubai Bahrain 8/10 May CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA
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    • 452 22 IMTRASEA (PTE) LTD. 15 Ho« Chiang Road. »07-02'03. Sanford Building, Singapore 0206 T»l *****11 (10 Lineal Bulk Orient Line lISI I;Ii U M V BOSL TBN 8705 P Kelang Lending for 6,5 ROT ANT U K (HULL) Afanto Singapore INTRASEA (PTE) LTD BOOKING Z24SSU K Lumpur BINTANC SHIPPING CO SON
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  • Page 23 Advertisements
    • 608 23 \\NEPTUNE ORIENT LINES LTD J Bah? u NEPLINE SON BHD ZM FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A m«mb«r oJ the ACE Consortium NEPTUNE AGENCIES PTE LTD fi EU/AUST TP*/sfa Terminal CFS BOOKINGS *****53 *****42 23? *****53 NEPIINE SDN BHD. 3HMI7 NEPLINE SDN BHD 2(***** NEPLINE SDN BHD 62«JSft27W0/U7i*i/«7H2 NEPLINE SDN
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    • 131 23 tl TflYO INTERNATIONAL PTE. LTD. TEL *****25 (3 Lines) TLX RS ***** TAYOIN PEKAN BARU/DUMAI/BATAM/BELAWAN WEEKLY SERVICES VESSEL ETA ETD DESTINATION PERAWANC SATU 23/4 25/4 BELAWAN/CIGADING SINAR MEGA 24/4 26/4 PEKANBARU/DUMAI SARI SAMUOERA 22/4 23/4 JAMB I VIZANAEL 27/4 30/4 PORT KELANG/UJUNC PANDANG* SUBJECT TO INDUCEMENT JVantoi/Vne Far East-South Africa
      131 words
    • 484 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON VMttl'i Nmiw S port Penang P Kelang Buur Mc No i oonam/705N 3/5 6/5 16/5 No i Donjm,7U3N J/5 12/5 23/5 21/ M Enter/710N 14/5 17/5 1W 30/5 No 7 Donam/704N 20/5 24/5 4/1 No 1
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    • 672 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 ***** PENANG MESSRS HAJ THONG SHIPPING 127 Pwmm Straat. Paw* Malays* CabtK iAYAPOH PENANG. Tal: 5225M622M/ Tatar MA
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  • Page 24 Advertisements
    • 448 24 SINGAPORE SHIPPING CORPN.CPTE) LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAO VEB DEUTFRACHT/SEEREEDEREI ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE cnrjai nnEracmrirmi," :^rvrr» "VIA COLOMBO: Accepting carp tor Bombay. Cochtn A Madras "*VIA LARNACA: Accepting cargo for Piraeus, Thessaloniki, Izmir, Istanbul, Mersin. Umassoi, Beirut. Alexandra.
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    • 276 24 I// Hai Sun Hup Co (Pte) Ltd Ln TEL *****06 (20 Lines) TLX RS ***** &RS 206/2 if ft. I \SI |R\ c \K I l\l WEEKLY CONVENTIONAL t HEAVY LIFT SERVICE FROM SINGAPORE/PORT KELANG TO:KAOHSIUNG TOKYO OSAKA YOKOHAMA NAGOYA KOBE Loading at appropriated Berth P4-P5 NOTE: ALSO CALLING OTHER
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  • Page 25 Advertisements
    • 401 25 NOSTRA SHIPPING PTE. LTD. TLX: ***** FAX: *****12 TEL: *****39/*****40 CALCUTTA LCL EXPRESS- 23/4 BOMBAY LCL EXPRESS 23/4 KARACHI LCL EXPRESS 28/4 MAORAS COLOMRO 2S/4 T WW AOCMCtU PTI LTD mm wmf AHTM SMIM4 (J hm) Tata: RS OM OZAT W M MTW PKO AGENT TIL. NMM *L AGCMT: MWWWW
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    • 753 25 FARGO SHIPPING COMPANY (PTE) LTD. If regular express full container AND LCI SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europa/Madltarranaan 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 ASIA WEST AFRICA CONTAINER SERVICE •t n,| -l «1.1
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  • Page 26 Advertisements
    • 505 26 a SENATOR LINIE v J CONTAINS TRANSPWT (NEWSHtP AGENCIES PTE. LTD U CARPENTER ST «B-00 S port 0105 Tel: 534-1477 Fax. 532-6023 OUTBOUND TO NORTH AMERICA EF 701 ASIAN SENATOR EF 7B AMERICAN SENATOR EF 713 EUROPEAN SENATOR EF 7M ACCEPTING CARGO TO LOS ANGELES, SAVANNAH, MIAMI, BALTIMORE NEW YORK.
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  • Page 26 Miscellaneous
    • 174 26 Regional Weather Wa 5 ii m i N m m m WL aa m Va >i a rs STv lS S. m id ?>/ S) r.v SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c Win< Wind direction with speed in knots Wave height LEGEND: R Thunderstorm Temperature
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