The Business Times, 30 April 1987

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 THURSDAY, APRIL 30, 1987 75 CENTS
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  • 180 1 Exchange rate* THE S$ closed slightly firmer at S$2.1270/80 ($2.1280/90) against the US$ in active trading yesterday. It traded within a range of $2.1225 and $2.1300. The local unit also rose to $3.5191/5229 ($3.5229/66) against US$: 140.60/70 yen, 1.7980/90 DM, SS2.1270/80 US$1.6520/30 M$: S$0.8583/91 Overseas markets W*dn*iday
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  • 341 1  -  By ELAINE KOH PEER REVIEWS sound good in theory, but the practical difficulties of implementing the system in Singapore will be many, say most of the accountants BT spoke to yesterday. Others wonder why the peer review programme, which is mainly
    341 words
  • 57 1 Bernama MALAYSIAN Chinese Association president Datuk Dr Ling Liong Sik and Democratic Action Party secretary-general Lim Kit Siang held a meeting yesterday, the first in many years between top leaders of the two parties. Datuk Dr Ling said that he and Mr Lim had taken the first
    Bernama  -  57 words
  • 604 1  -  Open tender for London shopping and entertainment complex By LEE HAN SHIH,AMY CHEOK BUSINESSMAN Ong Beng Seng may not make it to the Guinness World of Records, but he certainly has been courted to be its landlord at a price of £50 million (Ssl7s million).
    604 words
  • 457 1 AFP MALAYSIAN Trade and Industry Minister Tengku Razaleigh Hamzah and Foreign Minister Datuk Rais Yatim have sent in their resignations to Prime Minister Datuk Seri Dr Mahathir Mohamad, a government spokesman said yesterday Tengku Razaleigh, who last week lost a bid for the presidency
    AFP  -  457 words
  • 497 1 Reuter TOUGH trade legislation aimed at Japan and other exporters is moving through Congress as Japanese Prime Minister Yasuhiro Nakasone arrives in Washington for talks to repair strained US-Japanese relations. As the House of Representatives opened its debate on Tuesday,
    Reuter  -  497 words
  • 164 1 NERVOUSNESS following the resignations of two senior Malaysian cabinet ministers caused share prices on the Singapore stockmarket to end lower yesterday. At the close, The Straits Times Industrial Index fell 9.18 points to 1,129.54 while the BT Composite Index lost 12.39 points to 1,000.76.
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  • Page 1 Advertisements
    • 129 1 Cassette Receiver M 3 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD Singapore: Phone. *****22 Kuala Lumpur: Phone *****33 Phone *****5/*****1 Jakarta: Phone. *****5 Leader, Page 10 a: it s !1 FOR A GOOD DEAL Come and see what is destined to be the most popular business hotel entertainment centre in
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    • 311 1 If the trade war goes 0n... ASIA'S developing countries need not only foreign investment to promote the growth of manufacturing, but open markets in which to sell the goods. Therefore, it is with good reason that they worry over the present US-Japan trade tiff which might affect their own access
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    • 7 1 More stories on pages 4 and 5
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    • 288 1 Rodenstoch Quality before your eyes Full Report, Pag* 15 Int'l Stocks, Pag* 12 Asian Stocks, Pag* 13 I DON'T LET THE INITIAL id PUSH HOME OWNERSHIP O^v We offer home loans without you having to come up with the usual 10% downpayment. Hongkongßank also offers other attractive features: 100% financing
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  • HOME NEWS
    • 471 2  -  Companies invited to air any grievance they may have By BOEY KIT YIN LOCAL COMPANIES which feel that they have been discriminated against in government tenders will be given a chance to air their grievances. The government is inviting the public to give specific examples of such
      471 words
    • 282 2 WORKERS have been asked to stick to wage restraint for another year to help regain Singapore's competitiveness. The call came from First Deputy Prime Minister Goh Chok Tong in his May Day message. "The danger is that with the upturn in the economy, expectations
      282 words
    • 159 2 INSURANCE COOPERATIVE NTUC Income has introduced a new policy for parents to save for their children. Its Foundation Policy enables parents to take up a policy for their children from three to 21 years of age. On reaching 21, the child has
      159 words
    • 443 2 m Seminars and r H Cahners Tel: *****13 Courses I Exposition Tbc: RS ***** 1_ 1 V finftip Fax: *****66 DURATION TITLE VENUE ORGANISER TELEPHONE Moy 11 Speed Learning SIM Conference Room Singapore Institute of Monogement *****66 May 11 The Companies Marino Mandorin Ernst ond Whinney *****77 (Amendment)
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    • 265 3  -  By MARTIN SOONG SINGAPORE BUS SERVICE has invested $24 million in 200 new single-deck bus chassis. An SBS spokesman told BT that the tender was awarded to car and heavy vehicle maker Volvo of Sweden shortly after the tender closed about
      265 words
    • 418 3 My two years here by an outgoing diplomat My two years here by an outgoing diplomat THE OUTGOING British High Commissioner is optimistic about Singapore and its relationship with Britain. "Britain and Singapore are in good shape. There is a lot of business in prospect in these parts. Britain is
      418 words
    • 215 3 7-ELEVEN Singapore has been awarded the Challenge of Excellence Gold Award by Southland Corporation for its outstanding performance and achievements in 1986. The award, which is internal 1o 7-Eleven licencees of Southland Corp, is in recognition of the Singapore 7-Eleven's vast I improvements in
      215 words
    • 387 3 ORCHARD ROAD, more often associated with hotels and shopping, will soon be home to Singapore manufacturers too. The Singapore Manufacturers' Association will be moving into an entire building at the corner of Orchard Road and Handy Road, and calling it SMA House. It
      387 words
    • 375 3  -  By CHUANG PECK MING SINGAPORE PRESS HOLDINGS is to spend $37 million in the next three years to improve and re-site its production facilities. The move, reported in SPH's latest monthly newsletter, Pressures, will mean that by 1990. all the group's newspapers will be
      375 words
    • 247 3 CAR SPARE PARTS may not make for exciting viewing, but an exhibition of such items got off to a good start yesterday with some 2,000 people turning up. The event was the 9th Asian Automotive and Accessories Exhibition (AAAE). Exhibition organisers Cahners Exposition
      247 words
    • 161 3 THE AMOUNT OF information that can be packed per unit area of hard disk will double every three years, a speaker at a seminar on magnetic data recording technology said last night. Or Paul Frank, vice-president, research and development, of Applied Magnetics Corporation, said this
      161 words
    • 367 3 AFTER 15 YEARS of being regarded as nothing more than a complaints' bureau, the Consumers' Association of Singapore will seek to take on a larger role of protecting the interests of more consumers. Said president Lock Sai Hung in his maiden message:
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  • Page 2 Advertisements
    • 452 2 car /j /1 Personalised maintenance expertise. n ci iNOi A X n \wm\ Modem fully equipped workshop. Baking oven facility for lasting, lustrous paint finishes. At Euroasia Auto, the sole agent for SEAT (pronounced see-at) cars in Singapore, we take our business and our customers as seriously as any of
      452 words
    • 150 2 JAPAN can be affordable. NTA HOTEL FASS With the NTA Hotel Pass you can get a room in Japan for an unbeatable SsBs/per night. Accepted at 86 member hotels in 50 cities throughout Japan, it is an economical alternative for business and pleasure travellers. JAPAN RAIL PASS This pass allows
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  • Page 3 Advertisements
    • 160 3 We are 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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  • ASIA-PACIFIC
    • 453 4 Reuter AUSTRALIA'S political opposition was yesterday in tatters after the collapse of a 40-year-old Conservative coalition. The rural-based National Party and the urban Liberals split under the pressure of right-wing Queensland Premier Sir Joh Bjelke-Petersen's campaign to broaden the power base of the National Party.
      Reuter  -  453 words
    • 545 4 AFP INDIA'S decision to review its nuclear options in the face of what it sees as an emerging nuclear threat from neighbouring Pakistan has been generally welcomed by the country's expanding bomb lobby. But hard-core lobbyists said on Tuesday that they would like India to
      AFP  -  545 words
    • 191 4 Bernama ASEAN member countries can expect a steady inflow of Japanese investments up to the next decade if the current Japanese investment trends are anything to go by. Home-based Japanese companies, especially the small- and medium-size ventures, are frantically looking around to relocate their
      Bernama  -  191 words
    • 144 4 Reuter A SHARP APPRECIATION in the value of the yen has adversely affected several Indian industries which collaborate with Japanese companies. "Automobile units having collaborations with Japanese companies have been particularly affected due to a substantial increase in the cost of their imports.'
      Reuter  -  144 words
    • 286 4 Bernama ES MALAYSIA'S trade surplus rose further to M 51.980.2 million in the first two months this year from M 51.635.2 million for the 1986 corresponding period. Figures released by the Statistics Department in Kuala Lumpur yesterday show that February export earnings rose 9.6 per
      Bernama ES  -  286 words
    • 404 4 AFP THE PRESIDENT of Mitsubishi Heavy Industries, Yotaro lida, met President Suharto on Tuesday prior to handing over a feasibility study for Indonesia's first US$2-billion nuclear power plant. The Indonesian government has asked five international companies, one of which is Mitsubishi, to submit
      AFP  -  404 words
    • 829 4 ARRIVALS Operator S«rvk» Local From niimbtr timo HAWAIIAN HA923 0720 SHJ AIRLINES MAS MH681 0820 KUL MAS MH811 0910 PEN MAS MH671 0920 KUL AC AC584 0945 YYZ/MU/DXB SIA SO 103 0950 KUL CPA CX710 1015 CGK MAS MH603 1020 KUL GU GA975 1055 CDG/AUH IIA BI421
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  • Page 4 Advertisements
    • 108 4 Lufthansa and United Airlines together offer Singapore travellers the greatest choice of around the world itineraries at a very affordable price. Discounts for children are available. Lufthansa's 14 North American gateways, European network, and fastest service between Singapore and Frankfurt, combined with United's extensive transpacific network, make an unbeatable combination.
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    • 63 4 I m \l\ I I I The business person's cho»ce every I I II I I 11 II I Tuesday, Saturday and Sunday. I 1 ffl I ffl ffl \l Leaving Chongi Airport at 22:05 I S±- hours and arriving Heathrow at 06:45 hours the following morning Call your Travel
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  • REST OF THE WORLD
    • 515 5 Reuter A SENIOR Moscow economist suggested that the Soviet Union was facing a classic inflationary situation with too much money chasing too few goods and said idle workers bore much of the blame. Writing in the Communist Party newspaper Pravda, Professor Ruslan Khaslubatov
      Reuter  -  515 words
    • 237 5 AFP A TOP JAPANESE trade official last January proposed that US supercomputer makers either be nationalised or taken over by larger companies as a condition to selling their products in Japan, according to a secret State Department cable released in Congress. The
      AFP  -  237 words
    • 131 5 AP US CONSUMPTION of semiconductors should grow 19 per cent a year in both 1987 and 1988, a sharp improvement and better than the growth rates in Japan and Western Europe, a new study says. However, growth in US chip consumption should slow
      AP  -  131 words
    • 358 5 Reuter WEST EUROPEAN allies appeared cautious yesterday about responding to Soviet proposals to slash nuclear arms in Europe after a top-level meeting highlighted unease over an emerging superpower deal, diplomatic sources said. Foreign and defence ministers of the seven-na-tion Western European Union (WEU) were
      Reuter  -  358 words
    • 221 5 Reuter BRAZIL'S new Finance Minister, Luiz Carlos Bresser Pereira. is already working on a comprehensive plan for the economy, political analysts said. David Fleischer, head of Brasilia University's political science department, said: "He has been working on a national economic plan for weeks."
      Reuter  -  221 words
    • 687 5 Study calls for stronger fiscal action Reuter A STUDY by the Organisation for Economic Cooperation and Development says it may take years to resolve the huge economic imbalances now plaguing the world economy. The paper is expected to stimulate policy debate among senior
      Reuter  -  687 words
  • Page 5 Advertisements
    • 79 5 Japanese Restaurant W 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 $16+ per set, they are easy
      79 words
    • 954 5 Our reduced interest rates should lead to an increased interest in private property FLEXIPLUS. FOR FIRST-TIME BUYERS. 114 For Sato: Private A part man Is or a combination ofboth. It finances up to 100% of your property valuation. It can come with a bridging loan to cover your 10% downpayment
      954 words
    • 8 5 US Treasury S*cr*tary tecM mounting Mopttctem, Pag* 9
      8 words
  • Page 5 Miscellaneous
    • 54 5 Doonesbury 000L.CMT6BT ANY SAFER THAN THAT! HHAISVe PROBLBM* UJBLL, I'M ALMOST ANPtMSWT- aifZ A B*oi LOTOfpeeß. PRESSORS! -J*ZZ7y K m m BY GARRY TRUDEAU YOUKNOAJ, thbguys... WHAT 6UYS? POMTtM OUT! I ÜBLL.UKE Yd mm mm, srr- you ear mastll WOOVBR A PRO*THBRB,ANP... UM^^JOFF I m m m A ft m.
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  • MONEY AND EXCHANGES
    • 981 6 SINGAPORE: The US dollar closed higher against most major currencies yesterday on short-covering by Asian and European operators, but trading was thin due to the closure of the Japanese market. The dollar's overall bearish sentiment has not changed, but operators were divided about the probable outcome of the
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    • 575 6 AFTER OPENING four ticks higher yesterday at 92 66. June Eurodollar lapsed into a tight range of 92.65 and 92.57 in quiet sideways trading. But the Liffe session saw prices edging higher on a firmer US dollar with the June contract closing seven ticks higher at the day's high
      575 words
    • 219 6 Interbank rates at 3pm yesterday: CurTendee Nominal rale* Smltheonlan Bid Offer croaa parity change Local dollars to < >ne unit of foreign currency: US dollar 2.1270 2.1280 2.8196 -24.56 Sterling pound 3.5191 3.5229 7.3469 -52.10 Australian dollar 1.5016 1.5044 3.4286 -56.20 NZ dollar 1.2411 1.2438 3.4286 -63.80 Canodian
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    • 179 6 Interbank market rates (offer/bid) on April 29 us$ DM SWFC Yen 7 do< n 6 11/16 9/16 9 3/4 J/8 3 7/8 3/4 8 3/8 3/8 5 1/8 S 1 6 13/16 11/16 9 11/16 9/16 3 IS/16 13/16 3 9/16 7/16 4 3/16— 1/16 3 m#i
      179 words
    • Article, Illustration
      129 6 THE OVERNIGHT rate on the Singapore interbank market closed two points lower at 3 per cent yesterday. The term rates remained unchanged across the board at 3% per cent each. Indicates tt>« average o* tt>« prim* landing rates of 12 major banks In B'pors S$ Interbank rates at
      129 words
    • 250 6 Asian market ASIAN DOLLAR deposit rates closed little changed from opening levels yesterday. after a day of quiet trading. Term rates weakened between 1/16 and 1/8 point at the outset due to a recovery in US bond prices. Thereafter rates were unchanged and one month closed at 6-7/8 6% per
      250 words
  • Page 6 Advertisements
    • 154 6 Morning Noon& Night We tee off to Bangkok three times a day. IP I 4+ m *1 %m 4 '*i <i UOJU You arrive in Bangkok ready for business, or, simply enjoy the delights of discovering the city. 4§(t J** 0* 0* A delicious lunch. An hour to relax. .1
      154 words
    • 177 6 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
      177 words

  • BANKING AND FINANCE
    • 234 7 BANK OF TOKYO has launched a $40 million fixed-rate negotiable certificates of deposits, making it the fifth commercial bank to tap the Singapore dollar NCD market since last September. The issue will be divided into two tranches. The first $20 million portion will
      234 words
    • 252 7 Reuter THE PRESIDENT of Panama's National Banking Association has rejected allegations that this country's secretive offshore banking centre is awash in drug dollars and ill-gotten cash. "In spite of the fact that banks (in Panama) have been accused systematically and in a generalised way
      Reuter  -  252 words
    • 276 7 AFP LEADING BRITISH BANKS on Tuesday lowered their base lending rate from 10 to 9.5 per cent after the Bank of England dropped its money market intervention rate by half a point. The move among clearing banks was led by Barclays and
      AFP  -  276 words
    • 787 7 Developing nations need help in economic adjustments, says Daim Bernama ES MALAYSIAN Finance Minister Daim Zainuddin has called on the Asian Development Bank (ADB) to adopt a more flexible lending stance to help developing member countries (DMCs) pursue their economic adjustment policies. Speaking
      Bernama ES  -  787 words
    • 454 7 Reuter THE SOVIET UNION'S entry into the Asian Development Bank (ADB) would cause an upheaval in the organisation, a senior US official said on Tuesday. "It would certainly upset things,'' the official, who did not want to be named, said. "The bank's board
      Reuter  -  454 words
  • Page 7 Advertisements
    • 122 7 One word that means a great deal in anyone's language: Hertz. Travelling overseas? Then book your Hertz car before you go, to get our special Affordable rate. It's so low, that in many cases it's not even available to the people who live there. Yet, you'll still enjoy the service,
      122 words
    • 160 7 i f IB I 111 illliT^ 7 m^k: >* a THE WIEANS TO MOVE IN NOW Once you've set your heart on a new home there's nothing worse than having to wait to move in. That's why we at Chase have done all we can to speed things up. Our
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  • FOCUS
    • 898 8 Leading financial centres the world over are linking up into a single, global financial market functioning round the clock. These four Associated Press reports look at what is happening, and how. FROM LONDON to Chicago to Tokyo to New York, the world's financial centres
      898 words
    • 632 8 WHEN THE BELL sounds on Lasalle Street today for the US's first experiment in trading futures at night, it may be heard loudest in downtown Tokyo. For it not only signals a go-ahead to traders at the Chicago Board of Trade, but it extends
      632 words
    • 520 8 BUNZO YODA, a Japanese bond trader, often watches the clock and dozes near his desk, but no one has him labelled as a loafer. Like many traders in Tokyo's booming financial world, Mr Yoda has never worked harder. The time he tracks is
      520 words
    • 389 8 THE ADVENT of round-the-clock trading has brought big changes to London's financial markets, which are scrambling to make sure they remain a major centre in the increasingly competitive global market-place. Longer trading hours combined with the availability of stocks, bonds and other
      389 words
  • Page 8 Advertisements
    • 164 8 One of the many attractions which lure travelers to Switzerland, again and again. a n s if a i i'Uk A Ss. r •J II i .v J>f Vvrsic# 5 j»-.. jS> «V m L a« n V >T V** ■JC I ft «£l 'fa. r'-MfiSi '"".V. V Of course
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  • WORLD BACKGROUND
    • 555 9 Reuter AS RED FLAGS and portraits of Lenin blossom around Moscow for May Day, some Soviet entrepreneurs are preparing to launch small private businesses under a new law that allows individual labour for profit. But many more, it seems, are confused about
      Reuter  -  555 words
    • 712 9 Reuter THE RIFT between Egypt and the Palestine Liberation Organisation (PLO) seems likely to increase the PLO's isolation in the Arab world, even if it maintains its new unity under chairman Yasser Arafat. The estrangement appears set to intensify divisions in the
      Reuter  -  712 words
    • 1086 9 His currency and debt policies are crumbling NYT THE ONCE-CELEBRATED policies of US Treasury Secretary James Baker are eliciting growing scepticism as world economic growth persistently slows down. Until a couple of months ago, he could point to some noteworthy achievements. But now, evidence of deterioration
      NYT  -  1,086 words
  • Page 9 Advertisements
    • 185 9 It's a whole new family It's more speed and power It's a rainbow of colours in over2so,oooshades It's connectivity to other systems and networks It s new printers and storage options It's support from trained and qualified dealers It s the next generation of personal computers It's the IBM Personal
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  • FEATURES
    • 490 10 SOME ACCOUNTANTS may be discomfited by the public spotlight now focused on them, but there is no getting away from a re-evaluation of old methods and attitudes. Public debate on the responsibilities of auditors sparked off by PanElectric's massive failure, and from Finance Minister Richard Hu's remark
      490 words
    • 1114 10 Trade wars have a habit of spreading. And with almost all of Asia's developing countries dependent on America as either their first or second major trading partner, they worry that the present USJapan quarrel could affect their own access to the American market. The
      The Economist; Source: Asian Development Bank estimates  -  1,114 words
    • 609 10 Bernama ES A PROPOSAL has been made to build an experimental palm oil mill costing about Ms 7 million to meet research and training needs, Malaysian Primary Industries Minister Datuk Dr Lim Keng Yaik has announced. He said the great strides being made
      Bernama ES  -  609 words
  • Page 10 Advertisements
    • 169 10 Mood Dining'at the Cafe Fontainebleau A new concept to enhance your dining experience. Enjoy Anita Baker's "Sweet Love", Simply Red's "Holding Back The Years" or the tinkling piano-playing of Richard Clayderman. Every evening from 6.00 pm, our DJ will be waiting to play your request. Our music menu will give
      169 words
  • Page 10 Miscellaneous
    • 679 10 CRYPTIC PUZZLE ACROSS 1 Keep tearin' around (6) 7 Held to have links with slavery? (2. 6) 8 The splendour of an office for a politician (4) 10 Out-of-the-way drawings for aircraft (6) 11 Mixing it with fuel is useless (6) 14 We start talking about such weather (3) 16
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  • SPORTS
    • 560 11 AP TWO KENTUCKY DERBY victories have not taken the bloom off the roses for trainer Leroy Jolley. "It's a very special race," said Jolley, who will start the entry of Gulch and Leo Castelli in the 113 th Derby on Saturday at Churchill
      AP  -  560 words
    • 137 11 Reuter ENGLISH CHALLENGER High Plains, an 8-1 shot ridden by Richard Dunwoody, swept to an effortless victory on Tuesday in the Punchestown Champion Novice Hurdle from the hot favourite Wolf of Badenoch. But Hazy Sunset, the other English raider on the
      Reuter  -  137 words
    • 331 11 Reuter TOP-SEEDED Chris Evert easily eliminated Gabriela Dinu of Rumania 6-2, 6-1 on Tuesday to advance to the second round of the US$l5O,OOO Largo Open Women's tennis championship in Florida. Evert,'who has risen one place to third in the world after
      Reuter  -  331 words
    • 112 11 Reuter ITALY'S Roberto Pagnini broke away early and rode to victory in the fifth stage of the Tour of Spain cycling race on Tuesday and regained the overall lead from Sean Kelly of Ireland Pagnini and Frenchman Henri Abadie broke away in the 13th
      Reuter  -  112 words
    • 233 11 Reuter PAKISTANI captain Imran Khan has renewed his call for neutral umpires in Test cricket, while at the same time acknowledging that those in England were the world s best Imran, a firm advocate of neutral officials for Tests, said in London
      Reuter  -  233 words
    • 581 11  -  Jranklif. speaking.... WALTON MORAIS SHE's got to have experience and she's got to have goals, the former Davis Cupper was saying now. She's got to see how hard those other juniors practise to see how much further she still has to go. Allan
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    • 591 11  -  By WALTON MORAIS THE STATISTICS told their own story. Eight double-faults by Michelle Jaggard in a match where little separated her from Ann Oevries suggested perhaps that the battle of the 17-year-olds was lost rather than won. Although Devries disputed that analysis of
      591 words
  • Page 11 Advertisements
  • Page 11 Miscellaneous
    • 1310 11 TO IMD mm L PRE-HOLIDAY MOVIE Kung Fu: The Movie 10.30pm, Channel 5 "Take this pebble from my (hand, and it will be time for you to go" fans of the old kung fu series will remember this line told to the young disciple previously named "Grasshopper" who then grew
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  • INTERNATIONAL STOCKS
    • 330 12 Reuter BRITISH PETROLEUM Co PLC is believed to have ended the month-long controversy surrounding its US$7.4 billion bid for the part of Standard Oil Co it does not own by raising its offer to an estimated US$7.9 billion, analysts have said.
      Reuter  -  330 words
    • 197 12 AP THE BRITISH government has put a £1.36 billion price tag on Rolls-Royce Pic, announcing it would sell 801.5 million shares in the airplane engine maker to the public at 170 pence each. The price for the previously announced sale was slightly higher
      AP  -  197 words
    • 411 12 Reuter AN APPRECIATION in the dollar's value paved the way for a stock market rise on Tuesday and technology issues provided the fuel, but traders said a last minute futures-related sell-pro-gramme left Wall Street with only a slight gain in active trading. The Dow Jones
      Reuter  -  411 words
    • 125 12 APR 2* Abitibi C S 34 Inco Int Prov Pipe 21% 48% Alcan Alum 55% 1% Algoma Stl Bank Nova Scotia Bank Of Montreal 17 18% 34% 41% unch unch Loblaw Co McMil Bldl Mot son A 13% 25% 24% 42% 27% Brascan CI A Campbl Lake 34% 38%
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    • 175 12 APR 2* RAND MOUSTRIALS 1Tongaat Trust Bk Un Steel Wooltru 1160 210 80 1800 -5 unch -3 25 A Alpha Abercom Aeci 1625 340 unch unch MININGS Amaprop 540 -10 AMIC 6500 Barlows 2550 -50 Buttels 7350 -400 CNA 440 Charter ***** Currie Finance Edgars 560 ***** unch Cons
      175 words
    • 443 12 AM 28 US S Engelhard Cp ...25 N L Indus! ...7 unch unch 41% 1% Nsbscc Ri Natl Dtst Chem 52% 68% 6% Alcoa 47% *1 -1% 1% Firestone Tire 36% Alleg Intl 21% FMC Cp 32% NCR Corp 72% 2% W *1 2% 81% -1% 90 -2
      443 words
    • 911 12 Amsterdam AMI 28 FLS ABN Aegon Ahold Akzo 507 00 91 00 107 80 134 30 146 30 6 2.5 13 09 02 AMEV Amro Bank 63 10 77 00 127 50 14 1.4 Berkel BOLS 19 150 so 0 7 15 Borsumij 153 Buehrman Tefterode 52 SO
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  • Page 12 Advertisements
    • 607 12 i M iv-v m m El T, SK 3rv^ m *r a H 1 •> IS ifiS> -r-j-.- t TEOCHEW PORWD6I BUFFET S5-50 •j-.-r fennaciCfanMH fistk.|W Iper person) You can enjoy savoury* homety dishes such as braised pork 9 steamed stuffed Dean curd 9 sambal Dfinjal 9 fried salted frsh
      607 words
    • 189 12 London stocks on Pago 17 REFUGE FOR LATE NIGHT RUMBLES No one could expect a stomach to survive the stretch between dinner and breakfast. The minute you feel the rumbles, head for shelter here. We have porridge potpourri. Hot and steaming buffet to get you through the night for only
      189 words

  • ASIAN STOCKS
    • 534 13 HONGKONG: Share prices fell sharply yesterday as institutional selling accelerated and the Hang Seng Index slipped below the 2,600 level. The Hang Seng Index lost 27.54 points to 2,589.54 and the broaderbased Hong Kong Index shed 17.53 to 1,665.80. Stock turnover fell to HK5638.50 million. Stocks held steady throughout
      534 words
    • 316 13 APR 21 NT 1 Kolin 34 30 16 Kuochan Dev 38 40 0 2 Lee Chang Yuen All Sincere Indus 4 30 0 01 Chem Indus 43 00 1 Asia Cement 48 40 0 6 Lien Hwa Indus 28 50 05 Cathay Cons 56 50 1 Nan Ya Plas
      316 words
    • 548 13 SYDNEY: Australian share markets closed firm yesterday but off their highs with sentiment improved by a recovery in gold prices overnight and a steadier close on Wall Street. After an initial flurry which saw the All Ordinaries Index add nearly 20 points, widespread demand dried up as investors concentrated
      548 words
    • 77 13 APR PESOS Marsteel Oriental B Phil Overseas 0029 0 0525 -0 001 -0 0025 Acoje Mining 052 Apex Mining B Atlas Con 8 Baguio Gold Basic Petroleum ***** 28 0014 166 8 20 0 28 -0 0025 0 5 unch unch Picop B PLOT San Miguel B 407 50
      77 words
    • 133 13 APR 29 WON 1Kal 1270 ->-10 Cheii Sugar 3060 -60 Kangwon Ind Kta Motor ***** 1545 ♦90 -20 Daeltm ind ***** 110 Kolon Ind 3720 -30 Daewoo Corp 963 -4 Korea Long Term 2140 5 Daewoo Heavy 1235 -5 Lucky Ltd Oriental Brewery 1335 10 Daishin Securities 3660 -20
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    • 172 13 Reuter BANGKOK: The Stock Exchange of Thailand Index was down 0.11 on a turnover of 949,585 shares worth 200.1 million baht. Reuter Tokyo market was closed for Emperor's birthday APR BAKT *1Poet Publishing 192 unch Ao Kham Thai Saha Union 212 unch 190 -4 Siam Cement 979 -6 Ayudhya
      Reuter  -  172 words
    • 71 13 Reuter NEC CORP plans to increasesales of electronic components because the high yen and trade friction have hurt prospects for growth in semiconductors. The company moved its electronic components division from its telecommuni- cations to its electronic equipment division to promote external sales. NEC sees
      Reuter  -  71 words
    • 551 13 FT TWO EUROPEAN COMPANIES, Belgium's Van Hool and Britain's Leyland Bus, are waiting anxiously for the Thai government to decide whether to allow them a foothold in the Thai passenger bus market, now dominated by the Japanese After almost four
      FT  -  551 words
    • 338 13 Reuter A WORRYING PROPORTION of the cash invested in the Tokyo Stock Exchange has no foundation in hard assets, say securities analysts. An increasing amount of funds invested in the exchange has been raised by borrowing elsewhere, taking advantage of
      Reuter  -  338 words
    • 246 13 Reuter BOND CORP Holdings Ltd has transferred an undisclosed amount of funds to its Hongkong-listed unit Bond Corp International Ltd to finance the subsidiary's recent acquisition of a commercial building under construction in HK, group chairman Alan Bond said. He said after a ceremony
      Reuter  -  246 words
  • Page 13 Advertisements
    • 662 13 k|l T vSJ»' ir.S> r M iyu Traditionally Japanese. Traditionally Unkai. Sample the delicacies of Japanese cuisine, sushi, sashimi and teppanyaki. Four tatami rooms are available for private parties Located on the 2nd floor Open 12 noon to 3 pm 6.30 pm to 11 pm. Ample free parking Ad> Centurv
      662 words
    • 195 13 t a 4 TEO The popular local soloist For your sentimental moments HAPPY HOURS 12 rvoon Bpm yl 00/ DISCOUNT on bottle rates and premium 4U brands Plus 1 Buy one and get one tree (CAIHNHILL HOTELI 19 Cairnhill Circle. S pore 0922 Tel *****22 Fri. Sat eve o< public
      195 words

  • COMMODITIES
    • 312 14 AFP SOME ANALYSTS have pointed to growing confidence in the oil industry that stability has returned to world petroleum markets The Wall Street Journal reported on Tuesday that oil companies are still cautious about stepping up exploration spending, which has dropped off
      AFP  -  312 words
    • 90 14 WHEAT FUTURES on the Chicago Board of Trade closed mostly lower on Tuesday, ranging 2% US cents a bushel higher to 2% lower with spot May at U552.82%. Traders said lower silver prices and a stronger US dollar were the main reasons for the weak prices. Bache and Cargill
      90 words
    • 70 14 SOYBEAN FUTURES on the Chicago Board of Trade closed from 6% US cents a bushel to 2% higher on Tuesday, with spot May at U555.23!4. Light country movement encouraged buying, as farmers spent time in the fields rather than market crops. Merrill Lynch, Staley and Stotler bought November. Soymeal
      70 words
    • 84 14 EAST ASIAN spot oil products ended mixed yesterday. Strong short-term demand for fuel oil pushed Singapore spot prices up US$l a tonne while naphtha eased US$l.5O a tonne. Crude (FOB origin) US$/barrel Chang* Dubai (Jim) 16 98 0.05 Wwt Taxot wn (jww) 18 88 0.05 Products (FOB
      84 words
    • 213 14 HONGKONG: Prices closed little changed in slow trading yesterday, contrasting sharply with recent volatility, as overseas interest diminished. Bullion ended at U*****.50/452 00 an ounce. That compared with the metal's New York close of U*****.50/452.10 on Tuesday. On the local market, gold closed at HK54,185 a tael, HK$2O
      213 words
    • 500 14 Crude palm oil futures closed lower yesterday on the Kuala Lumpur Commodity Exchange in moderate trading. Selling pressure continued to rule the market from Tuesday and values eased further yesterday. The cash market was also down. The weaker US dollar made soybean more competitive on international markets. Prices,
      500 words
    • 285 14 Chinese Produce Exchange Soiton' noon dosing prV :tt on April 29 (SJ/100 kg) Coconut oil Bulk FOB 88.00 Otd drum FOB 98.00 N«w drum FOB 102.00 Copra MU«d (too**) 50 s#4l#rs Pepper Munlok whit* FOB NIW 1170.00 Sarawak wht»« FOB foq NLW 1155.00 Sarawak ipodal black FOB NIW
      285 words
    • 322 14 London Commodity Exchange Buyor/SoHor do sing prices on April 28 (£/tonr to unioss spedfled) Provious dosing pricos in poronthosis Coffee Basis ln-stor« London, soliors option OF London Moy 1344/1350 (1372/1379) High/Low 1345/1327 Juiy 1367/1368 (1395/1397) High/Low 1374/1351 C —1 JO'WJ (2982 Cocoa May 1269/1270 (1275/1276) High/Low 1274/1269 My
      322 words
    • 67 14 THE PRICE of tin on the KLTM roee three cents yaaterday front Tuesday's clom to M 516.67 a kg. Buyers bid 233 tonnes at tho opening prico of M 516.64, unchanged from Tuesday's doee, wtilla eellere oflarad 115. Final vokima was 112 tonnaa agalnat 127 on Tueeday. KL
      67 words
    • 135 14 SINGAPORE The market closed higher yesterday with May One RSS buyers quoted at 206.25 cents a kg, up 1.25 cents from Tuesday. The morning session saw a rise of 1.25 cents on local trade covering interest and overseas buying of forwards but trading was thin due partly to the
      135 words
    • 308 14 RAS prices m s c*nt»/kg, fob m imim 1 NOON CLOSE Buyort Sollors Buyors Seller* Int 1 RSS Prompt 207.75 208.75N 207.50 208JON Int 1 RSS Moy 87 206.50 207-50 206.25 207.25 bit 1 RSS Jun 201.25 201.75 201.00 201 JO Int 2 RSS OP 189.50 191
      308 words
    • 80 14 (cann/kg, 1-ton potMi) MAY 87 JUNE 87 (currant month) (forward month) RAS NOON NOON S*N*n ftvy«rs S*M*n SS* 20 177.00 179.00N 177.00 179.00N SSt 50 176.00 177.00N 176.00 177.00N MRELB kftn S*U*n Bwy«n S*M*n SMR cv 242.50 244J0N 243JO 245JON SMR I 241.50 243.50N 242J0 244.SON SMS
      80 words
  • Page 14 Advertisements
    • 1485 14 5E§ INTERNATIONAL TRUST FINANCE LIMITED (Incorporated in the Republic of Singapore) BALANCE SHEET 31 DECEMBER 1086 SHARE CAPITAL AND RESERVES SHARE CAPITAL 20.000.000 ordinory shores of $1 eoch Issued and fully poid: 18.000.000 ordinary shores of (1 each 5,71 •,254 2,437,000 10.752.545) TOTAL SHAREHOLDERS' FUND CURRENT LUMUTKS Deposits and Savings
      1,485 words
    • 71 14 Notice is hereby given that with effect from 16th April 1987 PETER JOHN PHILIP MACKEY (holder of British passport No. N*****6D) shall no longer be the General Manager of Hager Kassner (Asia) Mfg Re Ltd and he is from that date not authorised to transact any business or receive any
      71 words

  • SHARE INFORMATION
    • 4376 15 INVESTORS continued to take profits yesterday causing share prices on the Singapore stock market to finish lower in active trading. Although most stocks ended on the minus side, price movements were minor, stockbrokers said. At the final bell, the Straits Times Industrial Index
      4,376 words
    • 255 15 SINGAPORE Rises Indices Guftirt* Rop«i Troromorco 260 63 April 28 Aprl 29 452 20 BT Compo*** 1013.15 1000.76 FAN T ronoh Minti 940 10 8T OB OS 205 196 5 JO 10 +10 8TCAO -6006 -6071 Gt^DoSOt 398 8T 10-doy MA ■4141 •6122 Flmo M loi 360
      255 words
    • 4627 15 810 and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "SETT"
      4,627 words
    • 313 16 SELLERS dominated the Kuala Lumpur stock market yesterday and share prices were marked lower across the board. Widespread dou-ble-digit losses were posted. Especially hard hit were blue chips which incurred the larger losses of the day. This depressed sentiment and other issues also
      313 words
    • 121 16 HONGKONG Hongkong Index Wednesday *****0 Tuesday 1683 33 Week ogo 1749 40 All Industrials Wednesday 2517.2 Tuesday 2507 8 Week ago ***** NEW YORK Hang Seng Index Wednesday 2589 54 Tuesday 2617 06 Week ago 2716 89 Dow Jones Tuesday *****6 Monday *****4 Wee* ogo 2337 07 TOKYO
      121 words
    • 245 16 Managers' prices MARA-Bumiputra for April 30 First 6'putro 644 649 Second 8'putra 556 561 Singapore Unit Trust Third 8'putra 453 458 The ComiN'Ct OB The Savings Fund 0 92 S'pore frog Fund 043 S pore Sec Fund 073 S pore Invest Fund 0 78 S pore Equity Fund
      245 words
    • 3181 16 INDUSTRIALS Acma I —l AJinomoto (***** *d Alox Hldg I—l Alcom 184 56 86SI 1131 85 131 86 161 845 AJSB ***** ***** (391 129 (231 128 (291 127 (73» 126 1471 125 (591 124 (4) 122 (22) 123 API (83S> 1931 84 Oil 83
      3,181 words
  • Page 15 Advertisements

  • Page 16 Advertisements
    • 774 16 The First Canadian Bank B Bank of Montreal 129, St. James Street, Montreal, Quebec H2Y IL6, Canada STATEMENT OF ACCOUNTS FOR YEAR ENDED 31 OCTOBER 1986 Note: All figures quoted in Canadian dollars (thousands) Annual Financial Statements CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT 31 OCTOBER. 1966 Consolidated Statement
      774 words
    • 189 16 IN THE HIGH COURT OF SINGAPORE COMPANIES WINDING UP 334 OF 1985 IN THE MATTER OF THE COMPANIES ACT CAP. 185 AND IN THE MATTER OF SPICERS INTERNATIONAL LIMITED NOTICE TO CREDITORS OF INTENTION TO DECLARE DIVIDEND NOTICE is hereby given that a first dividend is Intended to be declared
      189 words
    • 601 16 NOTICES In the Matter of THE COMPANIES ACT, CAP. 1«S. In the Matter of ADELPHI CO. (PTE) LTD. At an Extraordinary Oeneral Meeting of ADELPHI CO. (PTE) LTD., duly convened and held at 100, Jalan Saltan. #07-00, Saltan Plaza, Singapore 0719, on the 18th April, 1967 the Special Resolution set
      601 words
    • 617 16 THE COMPANIES ACT, CAP. 189 SQIHRARCH (FAR EAST) PRIVATE LIMITED (In Member*' Voluntary Liquidation) At an extraordinary general meeting of the company held at 15 Scotts Road #07-04, Thong Teck Building, Singapore 0022 on 37th April, 1987, the following special resolutions were passed (A) That the Company be wound-up voluntarily
      617 words
    • 276 16 IN THE MATTER OF THE COMPANIES ACT CAP. ISB AND IN THE MATTER OP ADIGUNA MARINE SUPPLY PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 185 that the Pinal Meeting of Members of the above-named Company will be held on
      276 words

  • COMPANY NEWS
    • 460 17 CERTAIN SUBSTANTIAL shareholders of Johore-based Granite Industries are believed to be holding negotiations to sell their interests in the company. Sources say the potential buyers are most likely interested in a controlling block of shares but it is unclear whether they are institutional
      460 words
    • LATEST RESULTS
      • 55 17 Group profit after tax and minorities of M 53.65 million (M 512.1 million) on turnover of M 5205.22 million (M 5243.45 million) for the year ended Dec 31, 1986. A first and final dividend of 2.5 per cent less tax will be paid on July 20 to
        55 words
      • 76 17 Profit after tax of M 53.67 million (M$11,000) on turnover of M 595.31 million (M 570.03 million) for the year ended Dec 31, 1986. Earnings per share came to 30.96 cents (0.09 cents). DUFF BHD: After tax loss of M 53.98 million (loss of M 5395,000)
        76 words
    • 1007 17 LONDON equities tended firmer at the opening yesterday. after standing mixed in initial dealings, with prices underpinned by a firmer government bond market and further consideration of Tuesday's optimistic Confederation of British Industry (CBI) survey, dealers said. The FTSE 100 Index opened 6.3 points up at 2,028.4 yesterday
      1,007 words
    • 320 17 SINGAPORE Slipway and Singmarine Shipyard both Keppel Corporation's wholly-owned subsidiaries have been merged as part of the group's continuing exercise to consolidate its diverse activities. Under the terms of this merger, Singapore Slipway will pay $11.5 million for the entire business of Singmarine
      320 words
    • 643 17  -  Huge doubtful debt provisions By NAJEEB JARHOM THE TWO TRADING ARMS of fi-nancially-stricken conglomerate Multi-Purpose Holdings Bhd (MPHB) are still deeply enmeshed in losses. Mulpha International Trading Corp Bhd (MITC) and Mulpha (Singapore) Ltd reported respective group after tax losses of M 535.26
      643 words
    • 68 17 Reuter A BIG Chinese-language newspaper will float HK$lOO million worth of its shares on the Hongkong stock market. The financial adviser for Ming Pao Daily News said yesterday the company expected the flotation, which represents one-quarter of its total assets, to be completed within
      Reuter  -  68 words
    • 83 17 SHARES of Seallon Hotels Ltd will be traded and quoted under its new name. First Capital Corporation Ltd. from Monday. May 4. Certificates bearing the Sealion name will still be valid indefinitely. BONVESTS HOLDINGS LTD said that at the closing date for acceptances and applications of its one-for-four
      83 words
    • 408 17 NST FOUR POTENTIAL INVESTORS have expressed interest in taking over the business of Emporium and Supermarket Holdings Bhd. "We are talking with these potential investors. A few others too have expressed interest,'' Mr C H Qeh, a partner of provisional
      NST  -  408 words
    • 297 17 THE TOYOTA GROUP of Japan has increased its stake in Sejati Motors, its Toyota franchisee in Malaysia, to 28 per cent via a Ms 9 million cash injection. The group, through Toyota Motor Corp (TMC), previously held a 15 per cent stake. TMC
      297 words
  • Page 17 Advertisements
    • 34 17 CHANGE OF ADDRESS With effect from Ist May, our new address will be: Price Waterhouse 6 Battery Road #32-00 Standard Chartered Bank Building Singapore 0104 Tel: *****66 Tlx: RS ***** Fax: *****66 Price ffhterhouse
      34 words
    • 307 17 ffIWTT! prices escalate. I s iuflunr£ n.n.n.n. fi Situated in Dalvey Estate, adjacent to Nassim Road. Three storey bungalows with a built-up area of between 750 sq. m. (8,073 sq. ft.) and 846 sq. m. (9,115 sq. ft.) and a large basement that's ideal for multi-tier family living. The land
      307 words

  • 411 18  - Lots of room for play in commodities analyst Futures markets poised for a big swing By WILLIAM CHIA PRICES on the commodity futures market are on the verge of moving up to extremes never seen before, says Wall Street legend Stanley Kroll. The president of Kroll Investment Strategies Inc is
    411 words
  • 259 18 Reuter UPI THAI FOREIGN MINISTER Siddhi Savetsila will urge the Soviet Union to play a greater role in finding a solution to the Cambodian problem when he visits Moscow next month. Singapore Foreign Minister S Dhanabalan, after talks with Mr Siddhi in
    Reuter; UPI  -  259 words
  • 543 18  -  By ANNA TEO MOVES TO ESTABLISH Singapore as a regional centre for international commercial arbitration are underway. A working group comprising representatives from five organisations will be formed shortly to map out a blueprint. The decision to form a working group was made
    543 words
  • 286 18 AFP ASIAN COUNTRIES are facing serious dangers this year, notably from internal conflicts in India, the Philippines and particularly South Korea, the International Institute for Strategic Studies (IISS) warns in its annual world survey published in London. In Afghanistan, the new Soviet approach to
    AFP  -  286 words
  • 81 18 Reuter PAKISTAN challenged India yesterday to allow impartial verification of the two countries nuclear facilities to see how peaceful they were. A Foreign Ministry statement accused India of using a non-existent threat from Pakistan as a pretext for justifying its decisions on nuclear weapons. The
    Reuter  -  81 words
  • 356 18 Reuter TAIWAN'S foreign-exchange reserves have shot to a high of US$56 billion and officials yesterday blamed the rapid rise on a surging trade surplus and the influx of speculative funds. The reserves, up from US$54 billion on April 19, compare with U5527.3 billion
    Reuter  -  356 words
  • 414 18 AP, Reuter ASIAN Development Bank president Masao Fujioka said yesterday that the bank would try to make reforms in response to criticism from several membercountries about the way the bank was being run. Mr Fujioka said at the end of the ADB's annual meeting
    AP,; Reuter  -  414 words
  • 85 18 Reuter COMEX GOLD FUTURES were lower on scattered selling yesterday generated by a strong dollar. Gold for delivery in June was off US$2.OO at U*****.70 an ounce which penetrated Tuesday's low of U*****.70. Silver futures gained more than 30.0 cents in the morning on follow-through buying
    Reuter  -  85 words
  • 67 18 Reuter WALL STREET stocks spiked up quickly, following a strong opening by the dollar and higher bonds. The move in the bond market was prompted by the US Commerce Department's report that March's index for leading economic indicators rose 0.4 per cent in March, versus a revised
    Reuter  -  67 words
  • LATE FILE
    • 54 18 Reuter THE US index of leading indicators. a key barometer of future economic growth, rose 0.4 per cent in March. The Commerce Department said yesterday that this was the second rise in a row for the index. It followed a revised 0.4 per cent
      Reuter  -  54 words
    • 33 18 Reuter INDONESIA has promoted four younger commanders to the top rank of their services in a move that in part rewards them for a smoothly run general election. Reuter
      Reuter  -  33 words
    • 36 18 AFP A NEW political movement in Thailand, the Revolutionary Council, will advocate full democracy and equal rights for all political parties including the outlawed communists, said a council leader yesterday. AFP
      AFP  -  36 words
    • 45 18 AFP WAGES are outstripping productivity in some factories in China due to increased bonus payments. The Economic References News said yesterday that wages rose by an excessive 16.77 per cent during the first three months of this year. AFP
      AFP  -  45 words
    • 50 18 AP COMMUNIST and Muslim rebels have forged an alliance in the southern PhilipPines, but it bodes well for President Corazon Aquino's peace efforts. Bishop Fernando Capalla said leaders of both rebel groups in Lanao del Norte province were to meet again to promote Chris-tian-Muslim dialogue. A P
      AP  -  50 words
    • 42 18 AFP SRI LANKA has protested to India over a plan by the southern state of Tamil Nadu to send aid to northern Jaffna where Tamil separatists are fighting for an independent homeland, said officials in Colombo yesterday. AFP
      AFP  -  42 words
  • Page 18 Advertisements
    • 317 18 Human Resource Development: Policy and Strategy Singapore, May 13 15,1987 Objectives To enable participants to develop corporate policy for HRD. To relate HRD policy and practice to organisation planning. To relate HRD, Organisation Development (OD) and Career Development (CD). Who Should Attend CEO's, senior managers, HRD directors and managers. Program
      317 words
    • 7 18 Indian bomb lobby welcomes decision, Page 4
      7 words
    • 193 18 Mora stortos on Pag* 7 Fax rentals without the hidden costs. Rent a fax from Citycom Systems and enjoy worry- free rentals. There are no hidden costs like maintenance. Nor gimmicks like "free" gifts. You also enjoy the reliability and technology of our Hitachi fax. The Hifax 45, for example,
      193 words
  • Page 18 Miscellaneous
    • 50 18 Outlook: Showers In many areas In the afternoon. Report for 24 hours prior to 7.30pm on April 29 at the airport Maximum temperature 32.7 Aaeodatsd humidity SI Minimum temperature 24.5 Aaeoclated humidity M Hours of sunshine 6.00 Rainfall In millimetres trace Rainfall this month 72.5 Rainy days this month 11
      50 words

  • SHIPPING TIMES
    • 442 19  -  By G DURAIRAJ KELANG Container Terminal (KCT) has drawn up measures to improve container packing and unpacking operations at its container freight station as part of its overall plan to enhance the efficiency and productivity at the terminal. The
      442 words
    • 186 19 Seatrade Week AGGREGATE LOSSES of Japan's six liner operators on' the trans-Pacific trade topped 66 billion yen (US$463 million) in the year financial to March 31, on revenues of 220 billion yen. according to a Japanese Ministry of Transport report. The
      Seatrade Week  -  186 words
    • 214 19 AP IRAN has installed the most powerful coast-to-sea missile system in the Gulf, a Revolutionary Guards Commander was quoted as saying. The Official Islamic Republic news agency quoted the commander, Hussein A'laie. as saying also that within the next year Iran would build a
      AP  -  214 words
    • 166 19 Reuter THE financially beleaguered Korea Shipbuilding and Engineering Corp (KSEC) has signed a US$33 million contract with Eletson Corp of Greece to build two 40.000 dwt oil tankers. Korean company officials said. KSEC which was placed under the management of the Export-Import
      Reuter  -  166 words
    • PORTSIDES
      • 51 19 Reuter CAROLINA FREIGHT Corp has cut its estimate ot 1987 revenues to US$6OO million from US$62O million and reduced planned capital spending to US$4l million from US$53 million. The company said it is determined to remain price competitive and intends to open 30 new terminal locations this
        Reuter  -  51 words
    • 515 20 Inquiry into Herald of Free Enterprise sinking Reuter BRITISH ferry company Townsend Thoresen has accepted responsibility for the deaths of about 200 people when its ship Herald of Free Enterprise capsized off the Belgian port of Zeebrugge seven weeks ago. A lawyer representing
      Reuter  -  515 words
    • 119 20 Reuter THE HERALD of Free Enterprise would never sail under the company s colours again, a spokesman for P and O said. The 7,951-tonne ferry, now refloated and moored in Zeebrugge harbour, would either be sold for scrap or to
      Reuter  -  119 words
    • 821 20 FT SINCE THE BEGINNING of this year, the port of Rotterdam has been sporadically closed by the worst strikes in a decade as labour unions battle against job losses and more flexible working conditions. The stoppages have cost more than
      FT  -  821 words
    • 721 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X I Alltranj VII 3 Anro Service IV 2/3 ANl 1 1/2 A PC line V 4 API III 2/3 ASCI HI 1 Bait-Canada line VII 4/5 Bait-Orient line VII 4/5 Bank line
      721 words
    • 974 20 INCREASED activity in the London shipping freight market was most clearly displayed on Tuesday in the grain and iron ore sectors. Grain chartering featured the steady US$l7 paid by Bocimar for end May loading of 52.000 tons from the US Gulf to Japan and the slightly firmer rate
      974 words
    • 175 21 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
      175 words
    • 148 21 THE FORD Motor Company Ltd (UK) is planning to provide improved cargo handling facilities at its Dagenham riverside complex which will result in additional tonnage for the Port of London. Ford is to replace its current inter-factory transport system using 30-ft container between
      148 words
    • 703 21 Reuter FASTER TURNAROUNDS at Chinas main ports mean foreigners are no longer willing to pay thousands of dollars in dispatch agreements (DA's) to ensure priority berthing, shipowners, operators and agents said. Expensive DA's became popular two to three years ago when a
      Reuter  -  703 words
    • 151 21 AN ALL-WATER container feeder service between the port of New York/New Jersey and Saint John, New Brunswick, Canada, has been announced by Hale Container Line of Baltimore. The service is to be on a 10-day frequency and will begin in early June. According to Mr Edwin
      151 words
    • 317 21  -  By Kingsley Wood SYDNEY loaded an average 32,800 tonnes of grain per vessel in 1985-86 with the largest single cargo being 59.336 tonnes. The Newcastle average was 30,641 tonnes, with the biggest single shipment 60,317 tonnes. The feasibility of providing deeper grain berth at the
      317 words
    • 219 21 ALL SURVEYS are conducted on April 20 Argentina Buenos Aires Waiting time of up to 2 weeks. Australia Brisbane Normal operation; Melbourne Normal operation; Sydney Normal operation. Bangladesh Chalna 20 vessels operating; Chittagong 10 vessels operating. Brazil Santos Normal operation. Cameroon Douala Normal operation. Canada Vancouver Waiting time
      219 words
    • 95 21 VISITS by passenger ships to South Korean ports are set to increase by 34 per cent this year in the run-up to next year's Olympic Games in Seoul. As of early April this year, 25 international passenger ships with 17.000 passengers had
      95 words
    • 7345 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore
      7,345 words
    • 126 28 This weekly report is prepared by Vsritas Pstrolsum Services, London. The information, minimum and maximum levels, is based on limited samples from motor veeeels analysed in its laboratoriee. More comprehensive fuel quality information is posted to perticipents in the Veritee fuel quelity testing programme. Area/Port Viscosity
      126 words
    • 1353 28 AT CONVENTIONAL WHARVES Vessel Berth Arrival Departure KEPPEL WHARVES Dum Dong *30 oiongs.de 30 04 2200 Doq ngshor K29 oiongs.de 04 05 2300 Equator III It23 alongside 30 04 <0200 Eternal Moon K20 olongs.de 30 04 1100 Fengqmg K15 olongs.de 06 *****0 Frances Bay K27 alongside 30
      1,353 words
  • Page 19 Advertisements
    • 820 19 Mammoth Hunters Jean M. Auel r #3 CORONET BOOKS Available at all Good Bookshops /Sj*\ STP Distributors 2 Pr«r Road S«ogapor« ?261 EUROPE EXPRESS SERVICE S'pon I* Havre R dan •VERRAZANO BRIDGE HI f 25* 26* TRANSWORU) BRIOGE I7W 13/5 1* 2* SEVEN SEAS BRIDGE KM 20/5 86 9* ACE
      820 words
    • 73 19 [KMDB BRITISH ferry company Townsend Thoresen has accepted responsibility for the deaths of about 200 people when its ship Herald of Free Enterprise capsized off Zeebrugge seven weeks ago. Page II FASTER TURNAROUNDS at China's main ports mean foreigners are no longer willing to pay thousands of dollars in dispatch
      73 words
    • 1078 19 A WOMAN 0T POWER. SHE SIJTLSTAINTF needed love. SHE WANTED REVENGE. Km ma Harte is 1J A WOMAN OF SUBSTANCE Hut what is ihr prut* Ja sh <' h s P-«'d 7 Available at all good bookshops MAERSK LINE EUROPE The Direct Line Towards A Weekly Service Voy Spore Th«
      1,078 words

  • Page 20 Advertisements
    • 352 20 TEL: 03-*****50 MALAYSIA SON. BHD. TLX: ***** MTM EUROPE/FAR EAST CONVENTIONAL SERVICE VSL PT. of LDG DA VSL LE CHANG LING AGLAIA 7 SCAN VENTURE SOCRATES I jmuiden-Bremen Lubeck-Hamburg PT KLANG S/S Further load/ discharging ports en route subject to sufficient inducement Singapore Office: MTM S pore Tel *****00 Tlx:
      352 words
    • 18 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National fcj Shipping Association
      18 words
    • 483 20 s SENATOR LIMIi IVEWSmp > AGENCIES PTE. LTD 19 CARPENTER ST. 08-00 S port 0105 TEL: 534-1477 TAX. 532-6023 OUTBOUND TO NORTH AMERICA LOADING DATES ARRIVAL DATES GERMAN SENATOR ASIAN SENATOR AMERICAN SENATOR EUROPEAN SENATOR M.05J7 13.05.17 25.05.f7 30.05.17 OS.OSJ7 X0.05.C7 20.0t.57 24.0(17 19 05 07 21.05.17 03.0t.17 04.0t.17 15JL17
      483 words

  • Page 21 Advertisements
    • 930 21 The Straits Steamship Group Mansfield Container Shipping Pte Ltd STRAITS SHIPPING Singapore to Sabafi, Sarawak, Brunei Ports end Bengkok P&OCLf^ P&O Containers Limited mum CONTAINERSHIP SERVICE TO UK/CONTMEHT: PI CASUS PflDt V47SN BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL *****60 STRAITS NOPE AUBY accepts caroo due sails WE Lib, Skan, LB,
      930 words
    • 750 21 CHARGEURS RE UN IS IW.I«.II.»:».-<.'|!JAM I l.lhi.UI.'UT sn* nm, im 7 Jm Ju« UJm (MED CLUB MEMBER) a KOK MBXTEMANEA MAMTA BAKU a saw 1 Apr UApr U Apr 14 Apr M Apr JJ Apr II Apr IS Apr B Apr TO Apr SApr ISy 7X, c* rotm no iis
      750 words

  • Page 22 Advertisements
    • 354 22 Hapag-Uoyd CONTAINERSHIP SERVICE TO UK/CONTINENT CONV SEMI-CONTAINER SERVICE TO EUROPE S'PORI H'BURG ROAN AHERP IMMINCHAM IB DALIAN 15/5 11/* U V» 27/1 CONVSFMI-CONTAINER SERVICE TO MED EUROPE Sf PK Pt* TRIES LEX BILBAO HBG B'HAVEN AMS 14 BOftUSSIA 1/5 7/5 20/5 W it* 22* 12/1 QNTAINERSHIP SERVICE FROM UK/CONTINENT Stan
      354 words
    • 495 22 te=i: *XuM» ItC&LINE FULLY CONTAINERISED SERVICE TO EUROPE VIA SUtZ thf >tf Conso,tlum S port LaHavra Rkaai Ftfaaw Hb*l IHNM AMwarp VWRA2ANO 8* lOCt KM 6/5 JVS Srt 27/5 30rt 31/5 2ft TRANSWORID kRIOGE 37W 13/5 1/C 2ft VI Ift 7A Iff SEVEH SEAS BRIDGE M 20/5 Iff Sff lQff
      495 words
    • 245 22 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: MM ftott/Antwf UK (Nmm POKT KELANG ROTA KINABALU CALICO SHIPPING PTE LTD t* asm Tii: n sui cauco fax: zmszti PERKAPALAN UTAMA SON BHD Tat: SUM* KESANAN SHIPPING SON BNO Tafc zum (1 Dm) Fat: QMC gf K&S LINE JAPAN/HONG
      245 words
    • 888 22 EVERGREEN Fall S-Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ever glore ift w lift Eve* GRANO 1/5 U/S Ufl IVS EVER OBTAIN/EVER GENTRY 11/5 17ft Mft EVER CLEAHT M Ni M EVER LAUREL 27/5 11/5 2ft «S EVE* GATHER M ?S 11/» EVE* GUIDE M W Ufl W EYE* LIVING 17* 2W 1M
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  • Page 23 Advertisements
    • 512 23 PACIFIC INTERNATIONAL LINES \W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE SIN JKT 6U> 1/1 WPT 2/8 7lt 14/8 1 MA HAWK MA HAWK BANGKOK CONTAINER SERVICE VCMCL VOV SIN MY MM SIN M.W PCM MA PORTUNC *718 SLD SLD
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    • 122 23 NORBULK NORBULK CARGO SERVICES LTD. REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS TO: INDIA/PAK/RED SEA PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL 222W6 W MALAYSIA: S P YEO SHIPPING t TRADING KL 7835M4-S PK 36M101 Pf NANG. TANJUNG MARINE SDN BHD TEL &?B?5 SABAH TRANSPAC K K
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    • 739 23 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FRO* UK/CONTINENT NAM VMM R"OAM HAVRE STON P KLAW r**f FOB ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FRO* PENANG AND EAST MALAYSIAN PORTS (KJJEBSEN LINE fc. NEW ZEALAND wn MRS LAE PORT MORSEBY MNRMII AA/M TU/LY TWON BLUFT 2/5 lift 21ft
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    • 541 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDEJM INOONEStA P.T. TMKOBA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES > SINGAPORE TO EUROPE VESSEL/VOY LJ MKT AN CAN DA CAW PALEMBANCJ matarajb/ii kutai/uwb ANTWERP BILBAO BREMEN ADAM/RDAM H BURG -tit 12/1 in up 12/7 IS/7 11/7 11/7
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    • 322 23 BOUSTEAD SHIPPING AGENCIES HTOHEYWA V224W PAGAN VU3 •MANDAUY Loading for Lurop* MORAYBANK V3N TAGAMA VIN CLYDEBANK V2ON FORTH BANK VISN BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S pore P.Kelang Penang Bangkok 11Rimy U/13 *ty mimty 11/20 M», ZVB*r BANK LINE SPORE ROAM HULL HMBG 14/s
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  • Page 24 Advertisements
    • 1519 24 Ci K LINE KAWASAKI KISEN KAISHA. LTD. KMMR/raW/CMU ["J** "OTHER VSI SPORE PKLG PI4G SPORE KOBE GUAYAQUIL CAILAO ARICA IQUIQUE AFAGASTA S.ANTONIO VI RAGNAVI TBN 29 Apr 30 Apr J Hay 3 May 22 May 7 Jun UJuT 19 VALPARAISO 19 Jun CaiTllAi AMERICA/CARBBEAN FEEDER VSL RAGNA VI FEEDER VSL
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    • 651 24 w u AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Faadar PKttoni lunar M Sport IkWb Frw Sydn W» Aax< 'CHANDiDAS' V.2S X Apr IS Mtoy 24 Mtoy 22 May Adel/Bm CALABAR V 34 13 May "KABIROAS" VJ4 20 May 4 June 13 June 11 Jum Adel'Bra ESTECLIPPER *.14 4 Jum
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    • 701 24 GOLDEN LINE MS £>. GUAN GUAN SHIPPING (PTE) LID V 23. Titak Alf Strert V— 4 smm 0104 m jmjmi ui übi STRAITS/PERSIAN GULF SERVICE: s-poc p KatniPani GOLDEN HARVEST Cotonte/KaradM/Mmi Qaboot DubaiU/H «ay ***** HAVEN Cotomta/Mracfci/MuxaL'a*hr»n 21/29 May •Pk% "Pan Spare LINOQUANHE 2M 22M fffl MWBK 4/5 SB 11/5
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    • 494 24 •NTRASEA (PTE) LTD. 15 Hoe Chiang Roar: 907-02/03 Sanford Building Singapcie 0208 Tel 22*65- 1 (10 Lineal Bulk Orient Line I BREAKBULK SERVICE TO EUROPE/UK ■V. BOSL TBN' (70S P Kaltnf Loading for--10/5 ROT/ANT/U.K. (NULL) Singapore INTRASEA (PTE) LTD BOOKING 2?«SU K. Lumpur BINTANG SHIPPING CO. SON WO 71*711 Penong
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  • Page 25 Advertisements
    • 716 25 \\NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE a NEPTUNE AGENCIES PTE LTD FE EUIAUS" I TtrwMiul CFS "OWHWCS OTSHI mtan mrn> SW nuaD mL 27wu» im\m NEPLINE SON BHD. 3HM7 NEPLINE SON BHD 2U483 NEPLINE SON BHD 62MJ5ft276«A276»1/627M2 NEPLINE SDN. BHD 2MO«/2J®4l VK MIOGE HN-f. TW BRIDGE VW
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    • 433 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG, BUSAN, INCHON VMMt't Njm# No i Don*m/70SN No i Dorum/TIBN M Lnt*rpris«/710N No 7 Don»m7o4N No I Donam,7WN No i oonam/7W« No I Don*m/704N M Eirt*rpriM/711N No 7 Donamfa* P Kalang PN M S PORE AGENTS NEPTUNE ACENCIES
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    • 547 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P fffl AfH PCKAMC M* HANDLING SYSTEM CO SON. MO. MESSRS HAJ TNONC SHIPPING 127 Panana SlraaL
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    • 80 25 FERI MALAYSIA SON. BHD. PORO CONTfIINFP PAIIFTIStD WEtKIV SERVICE TO KUANI AN KUCHING K KINABAIU AISC ACCEPTING SEIE DRIVEN HEAVY VEHICLES ;7 ;1 >T i ;i tfTJ €0: CRUISE MUHIBAH voyage mm m i*i im KUANTAN HOW— HOT A I KM 17MB IMB ww ri/oe IVM 14M n m mm
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  • Page 26 Advertisements
    • 377 26 SINGAPORE SHIPPING CORPN.tPTE) LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD VEB DEUTF RACHT/SEE REEDE RE I ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE CEZHiEaBi If EMEME—MMCIIMIIMII •VIA COLOMBO Accepting cargo for Bombay, Cochin Madras -VIA LARN/CA Accepting cargo for Piraeus, Thessaloniki, Izmir, Istanbul. Mersin.
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    • 236 26 *****53/*****11 04-*****2/4, *****3 07-*****8, *****8, *****5 07-*****1, *****3, *****5, *****0 02-*****22 *****88 CALL US AT: 1 P. KELANG PENANG T J. BAHRU P. GUDANG SINGAPORE K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE P KEUNGI MTHR VSL N OCJMA SURIA TTTS I BUTANC 335 B BUTANC 337 IJVIiTF OTHER
      236 words
  • Page 26 Miscellaneous
    • 171 26 Regional Weather ltL« m s N n 'A 5\ il .V 0 S3 < a &g sK Ar 1 •5* I i IS iSSPgS s SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C y Shower Weather Wind direction with speed in knots Rain
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  • Page 27 Advertisements
    • 541 27 Scan Dutch tf TO EUROPE (UK-NORTH CONTINENT-SCANDINAVIA) WEEKLY 2) UK PORTS 1 4) GOTHENBURG Navigator/571 Sd &pm TO HONG KONG-TAIWAN-JAPAN 1 I. Butang/R I. Butang/R B. Butang/R B. Butang/R B. Butang/R B. Butang/R B. Butang/R FROM EUROPE S*Ondia/147 Toyama/157 B Pwmii,l(7 Rorr.pn 177 Jutlandia/lP N. otmn»7 FROM JAPAN-TAIWAN-HONG KONG Butang/R.
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  • Page 28 Advertisements
    • 337 28 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG-SUD) EXPRESS SEMI CONTAINER SERVICE TO NORTHBOUND TO UKC S PORE ROM/A DAM HBG HULL (U.K.) MORAYBANK V3N 14/5 10/6 15/6 19/6 TAGAMAVIN »/5 22/6 26/1 306 CLYDEBANK V2ON 5/6 30/6 3/7 7/7 FORTHBANK VI9N 1/7 24/7 2S/7 31/7 *Al«o Actapting FCL to
      337 words
    • 149 28 ASIA WEST AFRICA CONTAINER SERVICE SAILINGS EVERY MONDAY ACCEPTMO CARGO (LCL k FCL) FOR: DAKAR. FREETOWN, MONROVIA, ABIDJAN, TEMA, LOME, LAQOS A DOUALA x ••ni|infios bootunqs contact Singapore Agents BAKKI SIME DARBY SHIPPING PIE I ID lei b3SIOBB/535?3?6 INTRANS DISTRIBUTION fn SERVICES PRIVATE LIMITED IGS Tel: *****33 V Tlx: RS
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    • 439 28 2SoSV MOL Mitsui OSK. Lines Ltd CONVENTIONAL/SEMI-CONTAINER AFRICAS I Ir FULL CONTAINER SERVICES SEE MONDAY. WEDNESDAY. FRIDAY ADVERTISEMENT EAST AFRICA LINDENBEL VOY EAA4A 4 May NEDLLOYD MOJI VOY EAB32A 15 May AFRICA MARU VOY SWA26A 28 May SUBJECT INDUCEMENT WEST AFRICA TELAMON VOY WAA2A 14 May EARNEST VENTURE VOY WA8228
      439 words
    • 271 28 r SHIPPING COMPANY (PTE) LTD $Wr r >ut AR express full container AND LCL4WVICE INBOUND AOENT FOR ABC CONTAINERUNE From USAJCsnada/Europe/Medtterraneen Tokyo, Koto, Yokohama. Nagoya. Framantle, Hattmi Sydney. Auckland, Antwerp, Rotttrdnw Hamburg, Roctock ?f'o Cantonment Road t i C2-( 3 Sou hpoint Singapore 0208 lei *****22 (4 Lines) CFS (Import)
      271 words