The Business Times, 6 November 1985

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES M.C. (P) No. 99/1/85 WEDNESDAY, NOVEMBER 1985 75 CENTS
    11 words
  • 432 1  -  By LUCY NG SALARY INCREASES for Philips Singapore staff this year will be close to last year's level because the company is to continue linking wages to improvements in productivity. The average increase will be 4V2 per cent for
    432 words
  • 407 1  -  By FOO CHOY PENG Chief Reporter A PROGRAMME to help solve Singapore's long-terra shortage of engineers has been outlined by a group of leading industrialists. They have suggested part-time evening degree courses to give diploma holders a chance to upgrade themselves as well as
    407 words
  • 561 1 Government looking into ways to liberalise flow of funds THE POSSIBILITY of allowing the public to invest directly in government securities using their Central Provident Fund savings is being examined by the Monetary Authority of Singapore, Finance Minister Dr Richard Hu confirmed yesterday. Dr Hu, who
    561 words
  • 314 1 Reuter RUBBER PRODUCERS have agreed to join consumers in financing purchases for the International Natural Rubber Organisation (Inro) contingency buffer stock purchases when it is implemented. Inro delegates said Malaysia, the world's leading producer, had pledged to contribute cash at an Inro council session
    Reuter  -  314 words
  • 116 1 Reuter THE US SECURITIES and Exchange Commission has begun an investigation to determine if Wall Street professionals planted false rumours in the stock market to profit from them. The Washington Post reported yesterday that SEC enforcement chief Gary Lynch said the agency had begun looking
    Reuter  -  116 words
  • 55 1 THE ANNOUNCEMENT of the CPF investment scheme has drawn a mixed reaction from the two groups of people who are expected to be most involved. Unit trust managers are generally excited about the prospects for growth in their business but fund managers are less optimistic about
    55 words
  • Article, Illustration
    82 1 SINGAPORE Mae chips agate baai favaar with tsveatars tat there wm «elective bnylag at Malaysia* steel» aad Meni liners. Grata United HsMlags was agate the tsast sf speculators yesterday. It advaaeed sharply la heavy trailag far the seeata day la a rsw. The Straits Times tedastrlal Index rsse
    82 words
  • 338 1 Reuter VENEZUELA, a co-founder of Opec and currently its third biggest producer, plans to chart an independent oil sales strategy aimed at building new markets. Already outside Opec's price structure for around 75 per cent of its exports, Venezuela continues to support unity
    Reuter  -  338 words
  • 111 1 Reuter PRESIDENT Ferdinand Marcos, showing signs of backing down on a pledge of presidential elections on Jan 17, said yesterday Parliament would decide whether the poll should be held. He said in a palace statement: "It is up to Batasan Pambansa (Parliament) to
    Reuter  -  111 words
  • Page 1 Advertisements
    • 145 1 Shredder i in the world. Geha's unique 'Piranha' System shreds papers into minute particles PAPER SHREDDERS Weal Germany O ypyTEm> pte ltd Tel 743-5555 Why tie up your capital' Rent special equipment from Thorn. 45" Projection Screen V"**l (Multiple System) presentations at seminars, ItmW i conferences, training classes. Auto Rewind
      145 words
    • 262 1 marvira s™. i ds J eSsrow 1? OUR VIEW THE THREE OPTIONS under consideration by the HDB to help poorer Singaporeans own their flats carry with them a heavy debt-servicing burden. Still, the challenge is to devise a scheme with a fallback provision so that in the event of a
      262 words
    • 8 1 ?@*|?!!>=^][;)_*~(|,[}!:)%%]<<! Opponents say polls srs a ploy, Rags 6
      8 words
    • 89 1 See Pages 16 and 17 nlf J Type approved (70) dim KPT (RT) 7605 RIC From the World's leading company and pioneers in High-speed Facsimile When you see how small the FX 120 is, you'll surety be impressed, but what is more impressive is what it can do. It does
      89 words
    • 22 1 BALLY cf SmrzcrlanJ T3 Sole Agent S G P»rr»« A Son (PW) LM Singapore Provident funds: Poiitd for biggor roto, Pago 10
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  • Page 2 Advertisements
    • 416 2 APOLKJ DOMAIN 4 tttt y'lli In 1980, Apollo™ Domain was conceived to set a new standard for computers in engineering. Key people from the computer industry formed a venture capital company which went public in 1983 as Apollo™ Computer Inc. In a short period, Apollo™ has become a world leader
      416 words

  • BANKINFG AND FINANCE
    • Article, Illustration
      787 3 SINGAPORE THE US DOLLAR yesterday closed steady to slightly lower against most major currencies in light trading. It closed slightly weaker at 207.55/70 yen compared with New York's 207.90/208.00 close, at 2.6030/40 marks against 2.6040/55 but was little changed at 2.1400/10 Swiss francs against 2.1400/20. Sterling closed unchanged
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    • 73 3 THE OVERNIGHT rate on the Singapore interbank money market rose 3/16 point from Friday to close at 4 11/16 per cent yesterday. The one-month term rate remained unchanged while the two- and threemonth rates rose by 1/16 point. S$ Interbank rates at 3pm yesterday: OH«r Bid Over ntght
      73 words
    • 228 3 Interbank rates at 3pm yesterday: CUfT«ACtt« Nomin* 1 rate* Smithsonian Bid Offer croee parity change Local dollars to on# unit of foreign currency: US dollar 2 1175 2.1185 2.8196 -2490 Sterling pound 3 0449 ***** 7 3469 •58 56 Australian dollar 1.4187 1 4215 ***** •58 62 NZ
      228 words
    • 343 3 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet trading, dealers said. Most operators were on the sidelines ahead of a meeting of the US Federal Open Market Committee. Dealers said they are looking for clues in the Fed's open market activities for its future
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    • 251 3 HONGKONG: GOLD yesterday closed slightly lower in very thin and dull trading in the absence of fresh factors. Dealers noted that the easier US dollar and oil prices had failed to entice gold buying interest. The metal ended at U*****.60/325.00 an ounce compared with New York's 325.30/80 close and
      251 words
    • 361 3 BA Futures IN THE ABSENCE of fresh factors and continued high Fed funds, Emrsdollar futures yesterday opened with a slight downward bias. After opening four ticks lower at 92.01, the December contract traded narrowly between 92.01 to 92.03 as market awaited the outcome of FOMC meeting yesterday. Liffe opening
      BA Futures  -  361 words
    • 421 3  -  By ALVIN TAY THE BANK OF TOKYO has set up a wholly-owned merchant bank here to take advantage of the growing interest in Japanese securities in this region. The new merchant bank, BOT International (Singapore), was incorporated on Nov 1, about one month
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    • 417 3 Reuter THE JAPANESE Finance Ministry is likely to cancel its planned November issue of 10year bonds because of recent secondary bond market instability. A decision is expected today or tomorrow, but there is only a one in 10 chance of a November
      Reuter  -  417 words
    • 121 3 NYT THE WEST GERMAN Bundesbank has denied that it is trying to push up domestic interest rates to strengthen the D-mark against the US dollar on foreign exchange markets. The central bank's president, Mr Karl Otto Poehl, noted that the Japanese sought
      NYT  -  121 words
  • Page 3 Advertisements
    • 57 3 And remember... In Raffles Place, with direct basement access to the MRT Column-free floors Advanced elevonic lift system Superb finishes Computerised security Spectacular views Road Standard ft Chartered Standard Chartered Bank 6 Battery Road Singapore 0104 Telex RS ***** QQt% Sole Letting Agents Jones Lang Wootton 65 Chulia Street 39-05/08
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    • 179 3 Celebrate The Difference Comfort. It's the little touches we put in to make you feel really at home. The thoughtfulness that says you're always our guest-of-honour. Warm, friendly and attuned to your needs, Pan Pacific Kuala Lumpur is the difference youll not find elsewhere. From the very moment you step
      179 words

  • HOME NEWS
    • 460 4  -  By ELAINE KOH THE FORMER main competitor of the ill-fated Lamipak plastic bags group, Chuan Seng Polybags, is also facing legal action over the non-payment of debts. The company has 15 suits against it, while its holding company, Chuan Seng Investments, is being sued
      460 words
    • 315 4 VOLVO East Asia (Pte) Ltd has won a deal worth 12 million kronor ($3.25 million) to supply an Indonesian company with 32 trucks, spare parts and accessories. An agreement was signed in September between Volvo East Asia (truck division) and PT Indocement, the biggest cement producer
      315 words
    • 213 4 CONFUSION and wrong impressions about China's open-door policy could be overcome with the setting up of an information clearing house, said Major Fong Sip Chee, who was recently appointed adviser to the Tianjin Economic and Technological Development Zone. He said China's new economic policy will stay
      213 words
    • 141 4 THE CHINESE government is reducing the land development fee in some areas to encourage foreign investors. The land development fee is paid in a lump sum, currently around 150-200 yuan per square metre, said Mr Qi Ming-Chen, of the Economic Research Institute of the Ministry
      141 words
    • 233 4 SINGAPORE will take part in two major fairs in India and China this month to promote its industrial and service capabilities. The Trade Development Board is leading two teams to the India International Trade Fair '85 (IITF) in Pragati Mai dan, New
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    • 218 4 PRIME COMPUTER is setting up a technology centre to aid its research and development efforts in software development for computer-aided design and manufacturing (CAD/CAM). Plans for the Prime Technology Centre are still mostly unformed and Prime Singapore's acting country manager, Tim Davies, has not
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    • 91 4 JAPANESE computer manufacturer, NEC, is holding a software fair at the Hyatt Regency for owners of its personal computer, the AFC HI, which was launched in January. The two-day fair, starting today, will introduce about 100 pieces of software which have been adapted for the local
      91 words
    • 312 5 THE VIKINGS are coming, but there is no need to lock up your possessions or to hide your gold. The Saga Siglar would have sailed around half the world by the time it arrives on Dec 3 to correct the images of horror which Vikings
      312 words
    • 330 5  -  By CHUANG PECK MING THE SKILLS Development Fund has committed more than half of the $90 million allocated to help companies automate and mechanise. Almost half of the amount committed under the Interest Grant for Mechanisation (IGM) Scheme went to small companies
      330 words
    • 437 5  -  By ZHOU MEI Economics Correspondent IF IT HAD NOT been for the unprecedented growth of Singapore's construction industry in the last few years, the Republic would have plunged into recession three years earlier. Professor Lim Chong Yah, the president of the Economic Society
      437 words
    • 101 5 JOYFUL MOTORING, a company specialising in helping motorists find sundry services for their cars, now offers a new form of motoring joy do-it-yourself maintenance. The company has designed and compiled an "Easy to understand Basic Vehicle Maintenance Course" which it is so confident will be successful
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    • 61 5 THE PRESIDENT of the International Chamber of Commerce, Frans Van Den Hoven, will be in Singapore for a three-day visit from tomorrow. The ICC is the global private sector entity with consultative status with the United Nations. Its principal functions are to represent the business community at international
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    • 318 5 THE PROBLEM with productivity is still that workers either don't understand what it means or how to practise it. Enter the idea of benefits and the latest productivity campaign. "Benefits" form the backbone of the newest campaign fleshed out yesterday by the National
      318 words
    • 110 5 THREE HOTELS in Holiday Inn's network of 1750 recently received the chain's Customer Service Award and the Royal Holiday Inn in Singapore was one of them. The awards, which highlight the importance of providing superior guest service, were presented for the first time. Royal Holiday
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    • 168 5 THE NEW $2 million Food Processing Research and Development Centre of Alfa-Laval South-east Asia Pte Ltd will be opened by Dr Wan Soon Bee, the Minister of State (Prime Minister's Office), on Nov 21. The centre was set up to research the processing of Asian
      168 words
  • Page 4 Advertisements
    • 118 4 Now Cathay Pacific provide a long stretch even for short stretches Now you can enjoy the same First Class comfort on short Super TriStar flights as you would on our 747 flights. We've expanded our First Class cabin space by but have retained the same number of seats. We've put
      118 words
    • 171 4 Tt IERE'S NOTHING WE CAN TELL YOII ABOUT THE EQUATORIAL TII AT YOU DON T ALREADY KNOW mam****"— J > > 1* EXCEPT, PERHAPS OUR LITTLE GESTURES THAT HAVE BECOME ATRADTDON You probably know about our 3<H) furnished moms and suites, our famous restaurants, the kam|>achi. the Golden Phoenix and
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  • Page 5 Advertisements
    • 91 5 Can you afford a worldwide courier service that cannot guarantee personal delivery to your client's desk? TNT Skypak delivers desk to desk worldwide through an extensive network of over 300 wholly owned stations in 80 countries to guarantee you iB the fastest, safest possible personal delivery of documents and small
      91 words
    • 63 5 Providont funds poisod for biggtr rote, Pago 10 MWBi iT.» II 358 x 5 A r N i* Panther*? d<? f a/He/ le/ mu/t dc f <///(<'/ boutique SINGAPORE *01-36 I lirkv Plp»73 304 Orchard Roar! in iI t Hill, hi liiti-ui.Hit m.il ,h 1 1,1 11 Ivl IAI A
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  • OVERSEAS
    • 196 6 AP A PROPOSED US tax on purchases of foreign goods often called an "import surcharge" might backfire against the country, says a former state department official in a study published on Monday. "If, as seems prudent to anticipate, there were foreign retaliation,
      AP  -  196 words
    • 470 6 Opposition wants him to resign before elections AP THE LARGEST opposition coalition in the Philippines yesterday said the special election President Ferdinand Marcos says he wants to hold in January is a ploy by Mr Marcos to perpetuate himself in power. The statement
      AP  -  470 words
    • 168 6 AP HEAVILY INDEBTED countries in the Western Hemisphere are having trouble making the exports they need to keep up with their foreign debts, according to figures made available by the International Monetary Fund. In the Far East, the Philippines showed a drop in exports to US$2.3
      AP  -  168 words
    • 144 6 Reuter BRITAIN could cut its jobless total by over two-thirds if it raised its share of world trade, but such a substantial cut might take a quarter of a century to achieve, Britain's leading employers' association said. Sir James Cleminson, the
      Reuter  -  144 words
    • 461 6 AP AFP VITALY YURCHENKO, a high-level Soviet KGB officer reported by the State Department to have defected to the US, said on Monday he had been brought to the country unconscious and against his will. At an extraordinary press conference at
      AP; AFP  -  461 words
    • 140 6 NYT ONE OF THE SERVICES provided by the Republican and Democratic cloakrooms just off the Senate floor involves a telephone number that a member can call for a recorded report of what has just happened in the chamber and what is scheduled for
      NYT  -  140 words
    • 790 7 ARRIVALS Operator Service number Local time From PAA PA21/5 0020 LAX/TYO/HKG SIA CAL SQ41 CIOIO 0605 0815 MAA JED/DHA MAS KAL MAS MAS MAS SIA RBA CPA GIA SIA MH68I KE624 MH603 MH811 MH67I SQI03 BI421 CX7I0 GA960 SQI05 0820 0840 0905 0940 0950 1005 1030 1030
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    • 329 7 Reuter JAPANESE CAR companies earn nearly all of their profits in the US rather than their own home market. Ford Motor Co chairman Donald Petersen told the Detroit Economic Club yesterday his company's studies showed that only one Japanese car company was
      Reuter  -  329 words
    • 98 7 AFP THE VIETNAMESE government has selected 10 firms in Ho Chi Minh City to test how far it can go with economic reforms aimed at making businesses more competitive. The decision, announced on Monday in the communist party daily Nhan Dan, reflects the difficulties the authorities have
      AFP  -  98 words
    • 441 7 FT CHINA'S 57th Canton Fair closed yesterday with scant evidence of the export drive predicted by the country's official media. Officials were confidently predicting orders most of them for exports worth at least US$2.7 billion, which would equal business conducted at this year's spring
      FT  -  441 words
    • 148 7 Reuter A GROUP OF Chinese soldiers wants supplies of face cream to keep their skins soft and smooth. Their request, reported by the China Daily yesterday, is all part of China's latest rage cosmetics. State-run factories cannot keep up with demand. The paper said that
      Reuter  -  148 words
  • Page 6 Advertisements
    • 375 6 What's the point of a business eift? PARKER FOUNTAIN PEN EVERY NIB IS PAINSTAKINGLY C LT AND GROUND BY HAND PARKER ROLLER BALL THE BALL IS FORGED FROM TUNGSTEN. COBALT AND CHROMIUM. IT !S SAPPHIRE HARD PARKER BALL PEN THE 11 NGSTEN ARBIDE BALL IS FINISHED TO WITHIN FIVE-MILL!*.>NI Hs
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  • Page 6 Miscellaneous
    • 53 6 Doonesbury nusepiOßeA SHOtftam. AS> youcAHsee.imA SMCEHSR&, LOTSA PUTBKTIAL! I m m S m iss::: iVy. r > in::: t;;-" i s lie '•a ft tfP Mil* listed I BY GARRY TRUDEAU W*/60T ya/tf GENUINE OAK FLOORS HERZ, YOUR. INPUSTRJAL PLUMB/NO. AND TUB LOADING MMPCANALMVS&6 v I mm w e% W
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  • Page 7 Advertisements
    • 201 7 RinAm's747SP Fastest Daily to San Francisco. An Address of Rare Distinction in the Hub of the Business and Financial Centre. Towering 28-storeys above Cecil and McCallum Streets in the strategic hub of the Central Business District, the GB Building will meet your every expectation for a prestigious and comfortable corporate
      201 words
    • 585 7 AS STANDARD CHARTERED INTRODUCES MULTI-LOANS The $50,000 questions \our questions Who can apply for a Multi-Loan? Anyone between 21 and 55 in regular employment, earning at least $3,000 per month, so professionals and executives will no doubt find our scheme of interest. An applicant does not have to be a
      585 words

  • TRAINING & DEVELOPMENT
    • 636 8  -  By RICHARD SEAH SENIOR OFFICERS in the Housing and Development Board formed the biggest group of people who attended training courses last year, but at no great cost. They made up more than a third of all HDB staff who went through various training
      636 words
    • 409 8  -  By ANNA TEO COMPUTER COURSES by a Teochew Huay Kuan? Yes, the Teochew Poit Ip Huay Kuan boasts of a breakthrough in traditional clan association activities with the start of the first of its three computer courses this Sunday at its new computer centre in Tank
      409 words
    • 115 8 THE RULES and regulations on the use of documentary credits in international trade will be the subject of a one-day seminar at the Pavilion Intercontinental on Tuesday. The seminar will be conducted by Bernard S Wheble, the honorary chairman of the Paris-based International Chamber of Commerce
      115 words
    • 316 8 ENERGY towards 2000 is the theme of a symposium on present and future energy developments in South-east Asia and the Pacific region that will be held next year in Australia. Energy experts from around the world, including Dr Subroto, the world president
      316 words
    • 87 8 IT IS STILL not too late for those who want to enrol for the National Productivity Board's diploma courses starting on Nov 14 and 18. The topics are marketing and sales management and management accounting and finance. Applications are also open for the
      87 words
    • 490 8 "'Seminarsand f" WtTi Courses L J Cahners Tel 1 2 r Exposition Tlx 1 "<7! Group Fax *****13 RS ***** *****66 1 DURATION TITLE VENUE ORGANISER TELEPHONE Nov 12 Management Productivity m Small and Medium Enterprises Mandarin Hotel National Productivity Board *****34 Nov 13-14 Project and Site Hotel
      490 words
  • Page 8 Advertisements
    • 246 8 f "(It, I yl'Hh* i Al ktui For Good Grooming Good grooming advice can only come from experts like Ermenegildo Zegna. Ermenegildo Zegna has a team of designers and fashion consultants to research into the latest trends and feature them in their annual catalogues of finest men's fabrics. To combine
      246 words
    • 159 8 ALL BANKS located above street level lose out on visibility. Their names are hidden and clients find them difficult to locate. Locating in the middle of a block is not much better. ALL BANKS in competition need proper exposure and ease of access. A two-street corner is an ideal choice.
      159 words

  • RAW MATERIALS
    • 156 9 SINGAPORE THE MARKET yesterday closed slightly higher with December One RSS buyers quoted at 156.00 cents per kilo, up 0.50 cent from Monday. MALAYSIA Poor overseas offtake and lack of encouraging leads saw the market rule featureless, with current Dec Int One RSS buyers closing unchanged at Monday night's
      156 words
    • 20 9 I I/ a ti k. I Closing prices on Nov 5 KL TIN (M$/kg) Price Suspended Turnover (tonnes) Suspended V
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    • 322 9 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 154 00 155.00N 154 50 I55 50N Int 1 RSS Dec 85 155 25 155 75 156 00 156.25 Int I RSS Jon 86 156 00 156 50 156
      322 words
    • 102 9 (cents/kg, 1-ton pallets) JAN 86 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 ***** 147 00N 146 00 I48 00N SSR 50 143 00 145 00N 144 00 146.00N MRELB Buyers Sellers Buyers Sellers SMR CV 199 50 201 50N 200.50 202
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    • 153 9 Chinese Produce Robusta 20/25% FOB NSW 490 00 Exchange (Sellers' noon doting prices on Nutmeg 496 00 Nov 5 (SS/100 kg). 110 FOB NSW Coconut oil E&W FOB NSW 438 00 Bulk FOB 7500 Gombier Old drum FOB 88 00 FOB NSW 330 00 New drum FOB 92
      153 words
    • 154 9 PERSISTENT selling and lower Chicago soya oil prices yesterday saw the Malaysian crude palm oil market close easier in active trading. Weak sentiment was mainly attributed to operators anticipation of a surplus of crude palm oil this month. Nov deliveries in the central and south regions dropped M
      154 words
    • 214 9 WHEAT FUTURES on Monday closed l /i to IIAl l A US cents a bushel higher in moderately active trade. December ended near the middle of a 4V< cent range on the Chicago Board of Trade. Wheat futures managed small gains, despite late weakness in corn prices. Traders noted
      214 words
    • 183 9 SOYBEAN futures on Monday closed unchanged to one US cent a bushel lower after a dull session. January finished in the lower end of a seven cent range on the Chicago Board of Trade. Prices traded both above and below Friday's close, with losses tied to prof-it-taking following last
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    • 177 9 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix I6's 2,450 Blue Phoenix 20's 2,600 Blue Phoenix 32's 2,950 Blue Phoenix 40's 3,300 Carded yarn, hank Blue Phoenix 2l's 2,750 Combed yarn, cones Blue Phoenix 32's 4,300 Blue Phoerwx 40's 4,500 Open-end yarn Blue
      177 words
    • 481 9 NYT LEADING creditor banks of the International Tin Council have laid down terms for helping to solve the tin market crisis. Sixteen financial institutions, which have set up an informal emergency committee, said they were ready to allow the tin council to defer repayment
      NYT  -  481 words
    • 284 9 Singapore C-l Ord unq (S$/kilo, e*-g<xJown) Loonzoin Rice Frogront new crop 1st 076 2nd 0 54 100% 1st grade 100% 2nd grade 100% 3rd grode unq 215 unq 3rd 052 Parboiled Rice New Crop 5% 210 25% no stock 10% 205 10% no stock Thai Broken Maize unq A-super
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    • 452 9 COFFEE ROBUSTA FUTURES yesterday climbed above earlier morning lows, rallying on short-covering and dealer buying, to end the midday session unchanged to £3 a tonne higher. Physicals were generally quiet with futures activity mostly dominated by commission houses, although some light roaster price fixing may have occurred around
      452 words
  • Page 9 Advertisements
    • 257 9 BIOTECHNOLOGY THE KEY TO A NEW FUTURE Biotechnology is raising hopes for a new industrial revolution in the Asia Pacific region to stimulate the economy, defeat disease, raise living standards and create new work and investment prospects. Biotech '85 Asia will highlight the whole spectrum of opportunities. Biotech '85 Asia
      257 words
    • 202 9 The reports for silver, zinc, aluminium and nickel were not available at press time The Seminar Package with your interest at heart There arc athousand .inJ one detail* t*» organising a successful seminar. Leave the fhttusand details to us. The trie thinn you're to do is to call us on
      202 words

  • FEATURES
    • 530 10 THE DIFFERENCE BETWEEN a mortgage payment and a rental payment is that the former is a saving while the latter is an expenditure. That explains why 76 per cent of Housing Board residents have chosen to buy their flats. The HDB would like the remaining
      530 words
    • 1287 10  -  Provident funds: Foundation for improved social security systems The time is now ripe to change the original scope of the provident funds of Singapore and Malaysia, says Tan Sri Lee Siow Mong, who was with Malaysia's Employees Provident Fund for 15 years. He talks to Economics
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  • Page 10 Advertisements
    • 109 10 TOMORROW: A provktont fund-cum-p*nsion plan. M A Avoid the business On British Airways Super Club you'll never get squeezed into a centre seat. Because there are no centre seats. Our seats are arranged six-abreast, in pairs. Wherever you sit, you're next to a window or an aisle. With all the
      109 words
  • Page 10 Miscellaneous
    • 640 10 CRYPTIC PUZZLE ACROSS I Sound Coledomon writer (5) 6 Donee with o nam* tor being a bit barbonc (5) 9 Payment for top people (7) 10 Fancy most of the teom needing a doctor' (5) 11 Dances for the movies' (5) 12 Travels on the right days (5) 13 Container
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  • SPORTS
    • 569 11 NEW ZEALAND stayer, What A Nuisance, a horse given up for dead just 18 months ago, produced a great run 100 m out to capture the 1985 Melbourne Cup on a rain-soaked Flemington track yesterday. The seven-year-old son of St Puckle, who injured his back during
      569 words
    • 465 11  -  By WALTON MORAIS NATIONAL CHAMPION Mahader Hassan is the men's top seed for the fourth leg of the Ellesse Circuit tennis championships but all eyes will be on third seed Tim Da vies of Britain. The Hongkong-based Briton, a surprise entry for the
      465 words
    • 377 11 AP CHINA TOOK a six-point lead on Monday in the team competition at the World Gymnastics Championships, with Olympian Li Ning atop the individual standings after the compulsory exercises. However, the judges had yet to see the powerhouse Soviet and Japanese men and the
      AP  -  377 words
    • 293 11 AP SCOTLAND'S World Cup plans could hit a major snag next month when Alex Ferguson's team travels to Melbourne for the second leg of a playoff against Australia, with a place in next summer's Mexico finals at stake. Many of Scotland's international players
      AP  -  293 words
    • 409 11 AFP SELDOM HAS a big fight been clouded by as much controversy as the final British middleweight eliminator between Mark Kaylor and Errol Christie at Wembley. Anyone who believed the notorious fight in the street was staged as a publicity stunt
      AFP  -  409 words
    • 314 11 AP Reuter SIXTH-SEEDED Scott Davis of the US rallied to defeat Michael Westphal of West Germany, 5-7, 6-4 and 6-2, on Monday in the first round of the U*****,000 Stockolm Open-Scandinavian tennis championships. Peter Lundgren tallied the biggest upset of the day
      AP; Reuter  -  314 words
  • Page 11 Advertisements
    • 156 11 SERVICE APARTMENTS MAISONETTES AT HOLLAND AVENUE Conceived with much thought for privacy and ambience. Warner Court epitomises the comfort of a home awav from home Nicely nested in the renowned and picturesque Holland Village for long, the traditional residential focus of the expatriate community m Singapore Warner Court enjoys all
      156 words
  • Page 11 Miscellaneous
    • 1296 11 TO QND H^OQ(D BITS AND BYTES 10.00 pm, Channel 12 A glimpse into the available range of computer programmes, from home accounting to French, is provided tonight, along with an explanation of the incredible speed of the computer. mm\m THE NEW PACIFIC Fifty Ways To Gat Enlightened 7.55 pm, Channal
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    • 0 11 >(?".{@}@`$-}%&"@[`>/<*:=(;*;`,
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  • INTERNATIONAL STOCKS
    • 252 12 Reuter PROCTER AND GAMBLE Co has agreed to buy the worldwide over-the-counter drug business of GD Searle Co. Terms were not disclosed The sale includes medications such as Metamucil laxative, Dramamine motion sickness treatment drug, Icy Hot pain relieving ointment and other brands
      Reuter  -  252 words
    • 132 12 Reuter BARING BROTHERS and Co, a privately-controlled merchant bank, has decided to reorganise into a holding company structure under a new company, Barings PLC. Barings PLC's two principal subsidiaries will be Baring Brothers and Baring Investment Management Holdings. The latter has been formed to acquire the group's
      Reuter  -  132 words
    • 59 12 Reuter AMERICAN EXPRESS Bank Ltd has acquired 26 per cent of Nigeria's NAL Merchant Bank Ltd. The shares were formerly held by Continental Illinois Corp which is divesting itself of foreign holdings. NAL, which has shareholders' funds of 28.6 million naira (US$3l million), would not say
      Reuter  -  59 words
    • 350 12 Reuter THE NEW YORK stock market closed slightly lower on Monday, holding most of last week's sharp gains. There was little fresh news to stimulate investors. The Dow Jones Industrial Average, which had a net gain of 33 points last week to
      Reuter  -  350 words
    • 123 12 C$ 17* 50* Abrtto Inco Int Prov P%>* IS 44* Ale on 33* Algomo 18* i*>ch Argoen HkJgs r Bonk Mont 31 unch 19* Bonk Novo Scotia Bel Canada 14 42V* MoHon A 19* BP Can Ltd 31* MooreCp Broscon 32* 13* -K 39* 16* Coring O'Keete 12* Cmb)
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    • 195 12 NOV 04 Rand Un»c 585 10 Woolworth 1200 25 INDUSTVIALS MININGS 850 -5 3500 25 183 3 *****8 unch AE And a 775 -10 5 -25 Bhnroof* 1600 25 100 Amapfop 2900 1200 1060 15 2675 175 C G Smith 2150S Cora March 1000 -50 CNA 180 1540 25
      195 words
    • 653 12 NOV 04 US$ Alcon Aiumm Alcoa Lud Afced Cham Cp Afced Stores Afa-Chafcners Am Brands he Am Broodcast Am Can Co Am Cyanatrad Am Eiec Pwr Am Express Am Horn® Prod Am Motor* Cp Am Natural Gin Am Tat Tel 244 32* 25* 44* 58* 4 57* 118*
      653 words
    • 878 12 Amsterdam NOV 04 Fh ABN ***** +9 100 00 +12 Ahold ***** 05 125 80 AMEV 74 00 0 8 Amfoi Amro Bonk 97 80 2 4 Berfcct 42 90 2 4 Bob 482 00 +12 5 Botkofa Bur T«t 115 00 +3 5 Cotond 490 00 +7
      878 words
  • Page 12 Advertisements
    • 542 12 T s r m 5T* K V > v V r Vfr v '"A a The sensational new C-urpio. Tonight :K the Kasbah. Sandy is Teresa Carpio's younger sister. And she's one dynamic lady on stage. She adds even more puncn to the all-new entertainment lineup. There's WanChai from Hong
      542 words
    • 126 12 London stocks on Pag* 14 Cafe de Prince's V w T* *1 T T delightful daily buffet luncheon Feast on 40 delicious dishes. Menu changes every fourth day. At $14++ (adult) and $10++ (child). ORQWTI OPWNCE HOTEL mttrom t>» rriau ItolrH Japan Continuing the Prince Motels tradition of friendly service
      126 words

  • ASIAN STOCKS
    • 402 13 HONGKONG: Stock prices closed easier under late profit-taking yesterday, with the Hang Seng Index unable to hold above the key 1,700 level, brokers said. The index lost 9.48 points to finish at 1,692.71 after Monday's 21.54 rise pushed it over the 1,700 mark. Institutions led the selling, with small
      402 words
    • 225 13 NOV 05 NT 2 86 001 Pacific Cons Pocific Elect Wire 1550 1350 03 0 1 0 5 12 0 94 001 Cothoy Cons 25 40 15 00 0 3 Chong H*o Bank Chen L oorvg Chto Hs*i Cement 4560 1760 20 10 17 50 unch +05 0 3
      225 words
    • 357 13 TOKYO: Share prices rebounded from early lows to close slightly higher in very light trading yesterday, but most investors held off in the absence of fresh incentives. The market average gained 10.71 to close at 12,820.69 after gaining 1.88 on Saturday. Turnover was a meagre 180 million shares against
      357 words
    • 100 13 MANILA: Prices closed generally unchanged in continued dull trading, dealers said. Oils rose 0.044 to 0.823 but the Commercial and Industrial Index was steady at 176.04 and the Mining marker unchanged at 699.17. NOV 05 Acoie Mmmg P«o» 0 0012 unch Onental B Ptvlex B Pic op B 0
      100 words
    • 361 13 SYDNEY: Australian share markets closed marginally easier in lacklustre trading as the Melbourne Cup horse race diverted investor attention, brokers said. At the close of trading, the All Ordinaries Index had eased 0.7 points to 1014.6 and the All Industrials Index 1.8 to 1501.9. The All Resources Index added
      361 words
    • 89 13 NOV 05 Won 8 unch -1 unch Hyundai Corn! Hyundai Motor KAL 900 919 526 unch +2 -5 Choheung Bk Commerciol Bk Doefcm Ind Daewoo Corp 710 759 553 510 Korea F«jl Yukong Korea SNp Lucky Ltd 760 1289 425 654 +6 -6 -7 -11 Doewoo trxj Dong Ah
      89 words
    • 167 13 BANGKOK: Stocks closed further lower but turnover improved in moderate trading, said the Securities Exchange of Thailand. The Book Club Index fell 0.47 point to 131.28 and losers led gainers by nearly a two-to-one margin. Turnover climbed to 184,430 shares worth 32.9 million baht from Monday's 75,564 shares worth
      167 words
    • 63 13 Reuter THE TOKYO STOCK EXCHANGE and Japan's seven other stock exchanges will cut margin requirements to 50 per cent from 60 per cent effective from today. A Tokyo Stock Exchange spokesman said yesterday the steady fall in outstanding margin buying balances since its peak on the
      Reuter  -  63 words
    • 314 13 FT FUJI, the Japanese film manufacturer, is close to signing an agreement with China's provincial government in Guangdong to set up a US$l5O million plant to make paper for colour prints and colour film. The agreement comes after three years of halting negotiations
      FT  -  314 words
    • 186 13 Reuter INTERNATIONAL Business Machines Corp has named vice-presi-dent James Bitonti as the assistant group executive, Asia/Pacific Group, headquartered in Tokyo. IBM said Mr Bitonti was succeeded as the president of the Communication Products Division by vice-president Terry Lautenbach, who was succeeded as the
      Reuter  -  186 words
    • 195 13 Reuter SNAMPROGETO SPA, a subsidiary of the state-owned ENI of Italy, and Spie-Capag of France have each submitted bids of US$7OO million for a Gas Authority of India Ltd (Gail) pipeline contract. The bids were the lowest of four for the 1,700-km
      Reuter  -  195 words
  • Page 13 Advertisements
    • 624 13 5 m X mi mmtmear*nt&i w-w 3K 5C^ £2 n Is /fi# 7 SINGAPORE iramount i Wh»r* th» happy p*opf go C > '<1 s?^ i£m*> 4' "V f n s*! SPECIAL FEATURES: Daily Buffet Breakfast $11.50 Daily Set Lunch $12++ Sunday Family Buffet Lunch Adult $14" Child $10.00" Teochew
      624 words
    • 139 13 let's booze to the musicH 0M 3 'i? HAPPY HOURS: spm 7pm daily Hot rock or favourite contemporaries, this popular all-girts. Six Angels Band, plays and sings right into your heart. Brings you into a world of pure entertainment while you drink away into the night. Sftowttma: B.oopm 1 00am
      139 words

  • COMPANY NEWS
    • 1011 14  -  By CHAN Ol CHEE MALAYSIAN AIRLINE System and Singapore Airlines grew from the same root. But both went their separate ways in 1972 when their predecessor, Malaysia-Singapore Airlines (MSA), was restructured into two entities. Today, MAS, with a fleet of 35 aircraft,
      1,011 words
    • 1002 14 EQUITIES moved to new record peaks yesterday as buyers streamed into the market in a follow through to the last five consecutive record-breaking trading sessions, dealers said. By 0955 GMT, the FTSE 100 Index had surged to an all-time high of 1394.8 from Monday's closing record of 1380.9.
      1,002 words
  • Page 14 Advertisements
    • 310 14 A Wi w SHARING 'Tis the season to be jolly However, there's still a distinct economic chill in the air. No, we aren't (regretfully) marketing a miracle new detergent which will wash away all your financial constraints. If your company has survived the past difficult year without too much pain,
      310 words
    • 54 14 12 Knight Frank Ifcxii Ch>v liaillmj Join the International Bank of Singapore and Overseas Union Insurance at: Overseas Union House 13 Ground Floor Office/Showroom R Areas from 437 sq m to 1,612 sq m n Waterfront view 730 covered parking lots C 3 Extremely attractive rental package Easy access to
      54 words

  • SHARE INFORMATION
    • 4417 15 GRAND UNITED Holdings remained in the spotlight on the Singapore stock market yesterday. It was a rare feature in an otherwise quiet market which closed off the day's best after a spirited rebound in the morning. The Straits Times Industrial Index rose 3.91
      4,417 words
    • 274 15 SINGAPORE Rises Indices U M Flour 990 C A S H Ml 314 Grand Utd Hld«s 153 Sigma Metal 324 A N 100H 392 M B F Hldas SO< 320 Evorpaoce Corp 132 Stroitf Trodng 290 Euo 50* 256 Jvrong Eng S0( 244 O C C 865
      274 words
    • 4546 15 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".
      4,546 words
  • Page 15 Advertisements

  • COMPANY NEWS
    • 841 16  -  By RAMESH CHANDIRAMANI ALTHOUGH THERE are very few details about the role of unit trusts in the CPF share investment plan, experts say there is now a potentially big market for this form of investment management in Singapore. With the possibility
      841 words
    • 246 16 FRESH BUYING interest at the Kuala Lumpur stock market yesterday helped share prices to move upwards but a round of prof-it-taking in the late afternoon caused most issues to finish off best. Trading was fairly active and interest was centred around situational stocks and blue
      246 words
    • 3668 16 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. MUSTRMLS A Choc 3026 3.06S (6) 3 06 (2) 3.02
      3,668 words
    • 93 16 HONGKONG Hong Seng Index Monday 1503.9 Week ago 1515 7 Tuesday 1692.71 Monday 1702.19 NEW YORK Week ago 1654.03 Dow Jones Monday 1389.68 TOKYO Friday *1390.25 Nikkei Average Week ogo 1359.99 Tuesday *****.69 Monday Closed Standard Poors Week ago *****.92 Monday 191.25 Fnday 191.48 TSE Index Week ogo
      93 words
    • 264 16 Manager*' prices MARA-Bumiputrs for Nov 6 Frst B'putra 5 11 5 16 Singapore Unit Trust Second B'putra Third B'putra 4 74 380 4 79 3 85 The Commerce 1 66 1 76 Fourth B'putra 4 24 429 The Sovmgs Fund 1 26 1 34 Fifth B'putra 2 82
      264 words
    • 947 17  -  By LORETTA McLAUGHLAN WHILE the Ministry of Labour is working out the nitty gritty of how to "privatise" a portion of the Central Provident Fund, down in Shenton Way, they are mulling over the details that are already known. Members of CPF compulsory savings
      947 words
    • 283 17  -  By CHAN Ol CHEE THE OFFICIAL figure is out DBS Bank's buyout scheme only attracted 1.6 million shares from employees of Singapore Airlines (SIA). This was confirmed yesterday by Peat, Marwick, Mitchell and Co, the external share registrars for SIA. i
      283 words
    • 449 17 HONGKONG MACAU International Investment Co, a Chinabacked investment corporation, has declared a strategic 9 per cent stake in Wormald International, the Australia-based fire protection and security group. It acquired the Wormald shares from another Australian company, Adelaide Steamship Co Ltd, at As
      449 words
    • 740 17  -  By NAJEEB JARHOM THREE SINGAPORE banks are among the sixteen foreign banks in Malaysia which have been told by the country's tax authorities to pay withholding tax for interest payments overseas in the nine years to 1961. The total sum involved
      740 words
    • 406 17 HIGHLY-SPECULATIVE TDM Bhd has decided to make a M 561.76 million cash call which comes on top of the one-for-two bonus issue announced last April. The rights issue of one new $1 share for every existing share including the bonus shares, is priced at
      406 words
  • Page 16 Advertisements
    • 270 16 NOTICES 3 JUNYI GARMENT PTE LTD NOTICE IS HEREBY GIVEN, pursuant to Section 296 of the Companies Act, Cap. 185 that a Meeting of the Creditors of the abovenamed Company will be held at 102 Upper Cross Street #07-02 OG Building, Singapore 0105 on 16th November 1985 at 11.00 am.
      270 words
    • 128 16 Scop* for fund Pago 17 managomont, COMPUTER AIDED INVESTMENT DECISIONS SHI The Share Market Analyser the most advanced investment software tool for the IBM-PC/XT. Plot and analyse stock market charts quickly and simply. Pwnt 6 Fipirt 200 Weete Trend Lines Sfc Market Analyser t CL'Ti iTt FOR a personal demonstration
      128 words

  • Page 17 Advertisements
    • 107 17 njig High Tea delights... await at the Fountain Lounge seven days a week. Come indulge in scones with marmalade and real Devonshire cream, cottage muffins and English open-face sandwiches. Then there's Truffle Torte, Quark Strudel. Honey Cake, Gugelhopf, Cream Cheese Doughnuts... and a whole lot more. Choose from 9 fine
      107 words
    • 260 17 NOTICES k'ft »:K>i T f.V wi > f*. THE COMPANIES ACT, CHAPTER IK DRILLING TOOLS PAR EAST PTE. LTD. MEMBERS' VOLUNTARY LIQUIDATION At u ExtrxHlttry Geaenl Meeting the C*mpuy deemed to he eaaveaed aad heM at PrtrKM Bute, Rwt Ave*ne, West Byfleet, Sarrey, KTI4 CLB, United klagdam aa November 4,
      260 words
    • 122 17 The special quality of our bank can be expressed in the balance sheet total (11,648 thousand million Swiss francs), net profit (39,351 million Swiss francs), payroll (1194 people) end 1984 or simply as: Established 1755. Or in words: the only figure that hasn't increased in proportion to our experience for
      122 words

  • Replies to questions raised in Parliament
    • 194 18 AS AT END-SEPTEMBER, 93.6 per cent of the assets of the Government of Singapore Investment Corporation (GIC) were invested in the US, Japan and West Germany. Finance Minister Richard Hu told Parliament yesterday that the balance was distributed among several countries but the distribution changed from
      194 words
    • 100 18 THE NUMBER of flat buyers in arrears of mortgage instalments for at least two months to the Housing Board amounted to 21,236 for the first nine months of the year. The Minister for National Development, Mr Teh Cheang Wan, said that this formed about 5 per cent of
      100 words
    • 87 18 ONLY A SMALL percentage of new public housing flat owners knocked down walls and doors to renovate their homes. "An estimated 1.7 per cent of new flat owners are observed to have knocked down part of the internal walls and 8.6 per cent have to replaced internal doors
      87 words
    • 39 18 THE USEFULNESS of the Control of Rent Act is being examined by the government. Mr Teh Cheang Wan yesterday said that a survey of rentcontrolled premises expected to be completed by next year was being carried out.
      39 words
    • 188 18 A BAN ON ARMS EXPORTS to Singapore by Sweden was lifted two weeks ago after the Defence Ministry confirmed in writing that the Republic's imports of Swedish military equipment were for the exclusive use of the Singapore Armed Forces. The First Deputy Prime Minister, Mr Goh Chok
      188 words
    • 69 18 THE CPF BOARD is to issue two statements of account annually to members from next year. The Acting Labour Minister, Mr Lee Yock Suan, said the Board would issue the first statement in January and the second in July. Those who need more frequent statements could obtain them
      69 words
    • 62 18 IMPORTS FROM South Africa into Singapore are banned by law while exports from here to that country are discouraged. The Trade and" Industry Minister, Dr Tony Tan, said the Prohibition of Imports Order (South Africa), 1965, prohibited imports from South Africa. "There is no official prohibition of exports
      62 words
    • 92 18 SINGAPORE'S TRADE with China grew by more than one and a half times between 1979 and 1964. Prime Minister Lee Kuan Yew said that if China maintained its current trade policy and economic modernistion, trade between the two countries was likely to expand further. Mr Lee also disclosed
      92 words
  • 503 18  -  Don't expect flood of cheap bungalows, says a consultant By RICHARD SEAH SEVERAL HUNDRED residential properties owned by foreign companies could be affected by the government's decision not to give their owners more time to dispose of them, as required by law. Not more
    503 words
  • 241 18 UPI THE US NAVY, worried about morale in the face of pilot shortages, plans to cut back operations beginning next year that could reduce the US presence in the Indian Ocean and elsewhere. The pullback could have a long-term impact
    UPI  -  241 words
  • 206 18 IN A MOVE to encourage greater use of simplified Chinese characters in print, soft loans from the government will be made available to small printers. The Economic Development Board has agreed in principle to extend loans to the printers under the Small Industries Finance Scheme
    206 words
  • 151 18 THE US DOLLAR, now at a 56-month low, plunged another two yen against the Japanese yen on the Tokyo foreign exchange market yesterday, closing at 207.77 yen, compared to Friday's close of 209.85 yen. The dollar has now fallen more than 34 yen since
    151 words
  • 124 18 AFP CHINA'S Industrial and Commercial Bank has recalled US$25O million worth of loans made in violation of national policy, said the Economic Daily yesterday. The bank, one of China's four largest lending institutions, recalled the loans during the first six months of this year as part
    AFP  -  124 words
  • 144 18 Reuter COMEX GOLD FUTURES edged US$O.BO to 0.90 lower in featureless morning dealings yesterday, with bulk traders again reluctant to start new positions due to confusion over the near-term direction of US interest rates. Gold for December delivery was off 0.90 at U*****.20 an ounce after
    Reuter  -  144 words
  • 73 18 Reuter THE NEW YORK stock market turned mixed yesterday in early trading with profit-taking hurting blue chips after last week's advance to record levels. The Dow Jones Industrial Average was off two points to 1387. Advances had a small lead over declines but broader averages also were
    Reuter  -  73 words
  • 38 18 PRIME MINISTER Lee Kuan Yew and Mrs Lee left yesterday morning for Taipei. They will return this evening. During the PM's absence, Mr Ong Teng Cheong, Second Deputy Prime Minister, will act as Prime Minister.
    38 words
  • 199 18 Reuter CHINA and South Korea, enemies in the Korean War more than 30 years ago and still without formal diplomatic ties, have formed a joint company in Hongkong to promote trade. King Woo Company Ltd was set up in March by the government of China's Fujian province
    Reuter  -  199 words
  • LATE FILE
    • 40 18 Reuter THE THAI CABINET endorsed in principle a package of Finance Ministry proposals to toughen laws on commercial banks and finance companies but delayed a decision to enact them, Finance Minister Sommai Hoontrakul said.
      Reuter  -  40 words
    • 63 18 UPI THE AMERICAN oil company Caltex in Indonesia fired 637 of its employees this month because of their alleged association with the Communist Party of Indonesia nearly 20 years ago, petroleum industry sources said. An official of the stateowned oil company Pertamina said the mass dismissal
      UPI  -  63 words
    • 45 18 Reuter underwater mines BRITISH companies have devised the first underwater mine which can be switched on and off at will, a breakthrough which could revolutionise naval warfare, a West German military expert, Rolf Hallerbach, says in the Europaeische Wehrkunde defence magazine.
      Reuter  -  45 words
    • 46 18 Jail for former Deak Perera chief AFP Deak-Perera chief ANTHONY PONG ShingChu, 40, managing director of the now defunct Deak-Per-era (Far East) of Hongkong, was yesterday given a twoyear jail sentence, suspended for three years, for failing to register the firm as a deposit-taking company. AFP
      AFP  -  46 words
    • 47 18 AFP MALAYSIAN police have called on Interpol to help find a Thai national after a Malaysian bank, the Development and Commercial Bank, complained that it had been swindled out of M 53.5 million when it was sold stolen US Treasury Bills. AFP
      AFP  -  47 words
  • Page 18 Advertisements
    • 378 18 Bridge Over Troubled Waters IF YOU HA VE TRIED OTHER NETWORKS. YOU WILL KNOW THA T NOT ALL NETWORKS ALLOW TRUE SIMUL TANEOUS MUL Tl USER DA TABASE ACCESS. IF YOU ARE SHOPPING FOR YOUR FIRST NETWORK SYSTEM. YOU CAN AVOID THE UNNECESSARY FRUSTRATIONS WITH THE DART ICM A MULTI-PROCESSOR
      378 words
    • 154 18 (\Ne thought you'd like to know how much went round in sales at RUBBERPLAS '84) And now, for RUBBERPLAS '86. It's Asia's largest exhibition exclusive to the rubber and plastics industries. And you, as an exhibitor, can be assured of vital opportunities to meet with top trade professionals and decision
      154 words
  • Page 18 Miscellaneous
    • 50 18 Outlook foe today: Showers over several areas in the afternoon. Report for 24 hours prior to 7 30pm on Nov 5 at the airport: Maximum temperature 31.1 Associated humidity 69 Minimum temperature 24.0 Associated humidity 96 Roinfoll in millimetres 0. RoinfaM this month 51. Rainy days this month t J
      50 words

  • SHIPPING TIMES
    • 504 19  -  By G DURAIRAJ CONTAINERISATION in northern peninsular Malaysia is being hampered by a lack of knowledge of the through concept system among merchants and the high cost they face in switching over from conventional methods. Merchants around the Penang Port hinterland appear to be less
      504 words
    • 150 19  -  By Kingsley Wood CALTEX AUSTRALIA has contracted Samsung Heavy Industries in South Korea for a 92,000 dwt tanker as permanent replacement for William Dam pier, which was sold for scrap last year. But the officers' Merchant Service Guild has complained about accommodation arrangements
      150 words
    • 144 19 AP THE SEARCH has been abandoned for a missing Taiwan freighter and 17 crew members, a shipping company official reported yesterday. The 1,300-ton Hai Chiang, with a cargo of 1,000 tons of porcelainmaking clay, has been missing since Oct 22 off the Chinese nationalistheld island
      AP  -  144 words
    • PORT SIDES
      • 114 19 Reuter THE WELLAND Canal is expected to reopen today as scheduled in spite of rain delays over the weekend on repairs to a damaged lock wall that has shutdown the St Lawrence Seaway for more three weeks, a spokesman for the authority said. Workers have poured
        Reuter  -  114 words
      • 65 19 A STORAGE vessel purchased by the Nigerian National Petroleum Corporation (NNPC) from Norway last month, was on its way to Nigeria. The US$6.2 million vessel, named MT Tuva, was handed over to NNPC authorities in Lisbon on Oct 23. It is expected to complement the government-owned
        65 words
      • 89 19 AFP MEXICO WILL launch in March its first oil tanker built by Mexican shipyards, the state-run Mexican United Shipyards Company (Astilleros Unidos Mexicanos) said. The 45,000-tonne tanker would be followed by three similar vessels in November, the company reported. It said each of the four tankers
        AFP  -  89 words
    • 1252 20 CHARTERING RATES generally held steady on Monday throughout the freight market with US$ll.l5 being paid for grain from the US North Pacific to Taiwan against $10.75 previously, shipbrokers said. Barley from the same area to Jeddah received $17.25 while an unchanged $8.25 was agreed for grain from the
      1,252 words
    • 662 20 Fairplay THE AUSTRALIAN maritime unions, chiefly on the coast of New South Wales are continuing their campaign against flag of convenience and cross trading tonnage, with frequent hold-ups being experienced by vessels. There has been some recent improvement with an agreement between the
      Fairplay  -  662 words
    • 738 20 THE VOLUME ot activity on the freight market suffered a sharp decline last week after the previous week's brisk level, with public holidays in some European countries on Friday and in Japan further limiting interest. Rates consequently remained stagnant on the major grain routes after their recent advance,
      738 words
    • 887 20 A Top Ent X 2 AB Shpg V 5 AC Toepfer X 5 Accord Shpg X 2 Afeo Line VI 3 Ahrenkiel Liner X 1 Alphotrans X 3 Anfah Orient X 2 Anro Service IV 3/4 ANL 1 1/2 APC Line V 4 APL III 2/3 Aqua
      887 words
    • 61 20 Reuter TEN PEOPLE WERE! missing after a barge ing used to build a floating concrete platform capsized in a Norwegian fjord, Lloyds Shipping Intelligence said. Twelve others were rescued after the 4,442-ton oarge turned over. Police were searching the fjord in boats for those missing, if said. The
      Reuter  -  61 words
    • 197 21 A MULTI-MILLION dollar container crane has been installed at the Sea-Land Service Long Beach port terminal. The 900-ton container crane was built by Mitsubishi International Corporation. The new SeaLand crane has a height and backreach broad enough to handle the large container ships
      197 words
    • 536 21 Reuter Opecna THE AMSTERDAM-BASED Shipping Research Bureau has identified 164 tankers and combined carriers which delivered oil to South Africa between January 1979 and January 1983. The oil transport capacity of the ships amounted to about 33 million tons, or more
      Reuter; Opecna  -  536 words
    • 188 21 THE MAJOR shipping consortia operating between the Far East Europe, 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
      188 words
    • 120 21 Reuter A BILL WHICH would require an equal number of Japanese cars be shipped to the United States on US ships as are carried on Japanese vessels was introduced on Monday by Congressman Walter Jones. The North Carolina Democrat, who is chairman of the House
      Reuter  -  120 words
    • 197 21 Lloyd's List LOSSES SWELLED in the third quarter for Houstonbased rig operator Global Marine which is still locked in talks with its creditors on restructuring debts of about US$l billion. The rig operator incurred a massive $35.7 million loss for the three months
      Lloyd's List  -  197 words
    • 3461 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.
      3,461 words
    • 747 27 CONTAINER TERMINAL Ship RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrivol for LCL movement V °V dote/time Operator cargo schedule Location Sea Hawk Ratana Bhum Jenlink Sea Glory Anna Maersk Plata B Angsana Niaga 30 Kris Lemona Uni Handsome Iris Ace B Kemuning Hamburg Exp
      747 words
    • 588 27 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure Keppel Straits Hope Yamasugt Maru Zoella Lykes Barber Hector Equator 5 Qmghecheng Raiah Brooke Shoun Royal Unison 4 V Enterprise Vega K24E K28 K35 K09 K23 K15 K25W K17 K36 K34 K27 SSPL Smshpg SCAPL Barber T Soon Y
      588 words
  • Page 19 Advertisements
    • 862 19 tnvn l\Wl V J* if rk This runaway bestseller disects the secrets of America's most successful and has distilled their success into eight basic findings which make exceptional sense TIMES THE BOOKSHOP w Orient Overseas Co*Uu4te\ Line Agents: JMDME SMPTW AGENCES (Ret No *****4/OOK) 70 ShMtofl Way *04 03 KU<mj
      862 words
    • 62 19 nmm THE AUSTRALIAN maritime unions are continuing their campaign against flag of convenience and cross trading tonnage. Page II Shipping Research Bureau has identified 164 tankers and combined carriers which delivered oil to South Africa. Page 111 Index to advertisers II London freight I > Weekly freights n Consortia 111
      62 words
    • 1423 19 A hard look at what it will take to succeed in business for the next 20 years With turbulent i times ahead. forewarned will be forearmed $22.00. THE BOOKSHOP MAERSK LINE /Mf KEEP YOUR APPLES FRESH TACOMA T0 FASTEST TRANSIT ptNANe 23 SINGAPORE 19 DAYS PORT KELANG 22 DAYS PENANG
      1,423 words

  • Page 20 Advertisements
    • 393 20 m Y.S. LINE YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Feeder VsJ mis ace FAKKV ACE GLORY ACE MARIA Pacific South W««t Feeder at Tokyo Mother VSI LA LB OAK S. KASHU M 7/12 10/12 P ARROW 12/12 15/12 BEISHU M 21/12 24/12 J ATOILO 21/12 30/12 Pacific North Waat Faodar at
      393 words
    • 361 20 Supercarrier Service N ROUEN BARBER TEXAS N ROSAMO BARBER PERSEUS N ROCKS IE R NEU ARRTVAISN ROSARIO 7li BARBER t*ClO« 711 N ROCHESTER 2b II BARBER lOBA ?7 II N ROIIEROAM 17 12 BARBER TAMPA 1/ 12 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA AKo accept.* contrs to
      361 words

  • Page 21 Advertisements
    • 1019 21 The Straits Steamship Group Mansfield Container Shipping Pte Ltd Overseas Containers Limited CONTAINERSHIP SERVICE TO UK CONTINENT STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok COHTAHERSHP SERVICES TO/FROM BANGKOK STORE BKOK PEGASUS PRttE V4O2N I" Porl/M Nov M M N»« PEGASUS PROE V4O3N 12-13 Hot 15-16 *O» Brein
      1,019 words
    • 918 21 NOTICE SABAH, BRUNEI AND SARAWAK FREIGHT CONFERENCE FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS CONGESTION SURCHARGES The member Lines of the above Conferences have been monitoring the berthing situation at the undernoted ports and have reported and agreed on the following:— ASSAB In view of
      918 words

  • Page 22 Advertisements
    • 530 22 Hapag-Lloyd TO CONTINENT/UK EXPORTS On carriace to Scamfinavia, Med, Carribean &S. America Inland ha<ia(e to inland destinations in Europe I TO EUROPE/MED S pore PKelangPenang leines Bdbao Genoa Hburj Rdam Bhaven A'werp Rem* Riduners (/ll 9/11 5/12 1/12- 19/12 Mai Rickmers 6/11 1/11 10/11 t/12- 13/12 11/12- 22/12 Bertram Rickmers
      530 words
    • 449 22 m LINE FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ A Mfmbtr lhf >ce ConSofll c R PARIS 2* HONGKONG CONTAINER 47N ORKNIU CHKF 46M KOREAN IACf UN 31W S pore PMinj leHa.ie R dun fs(o« Hbutf Antwerp 611 t 4 11> nll ?fe 11 28 11 30 11 3 1
      449 words
    • 472 22 r Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TL R*****1 A R! R*****2 \fc K\sti;K\ C.\K \w\:U. LTD. ILII INTERMARITIME LTD K Knabalu M 221 MO Jakarta Td: *****1 REUNION/SOUTH AFRICA SERVICE DIRECT MONTHLY SAILINGS KK Spore Pk Reu Mm a PI C! 15/12 24/12 21/12 12/1
      472 words
    • 553 22 o EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound Service (FE/EURO/USEC/CARIB/FE) SGP EVER GENTLE 10 11 EVER GRACE 17/U EVER LEVEL 25/11 EVER GARDEN 1/12 Effß GUAM) OS 1? EVER GROWTH 15/12 EVCR GRADE 22/12 ED HBG FIX ROM 20/U 1/12 J/12 5/12 27/11 1/12 10/12
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    • 257 22 EISI NOSE MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Laadnf tar B. AMMS. B. Khamew KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC STORE PKeUnf Loadn| far: OCEANA COURCR 10/11 P. Moresby. Lae. Newak. Jayapura, Rabatl Kieta, Alotan, Madant Kimbe KYOWA BREEZE 18/11 Honiara. Lautoka.
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  • Page 23 Advertisements
    • 1024 23 V\v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 VESSEL KOTA RATU KOTA SEJATI KOTA AGUNG KOTA TIMUR KOTA WIJAVA KOTA WIRAMA VOYAGE E-597 E-591 E-593 E-59S E-599 HONGKONG SINGAPORE LOADING FOR: lnPt-7/11 12-15/11 DJIBOUTI. HODEIDAH. JEDDAH. PT SUDAN. AOABA 14-15/11 20-23/11 MUKALLA. ADEN. HODEIOAH,
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    • 746 23 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTHENT Franhlwt Eipreis Mjmbun Eiprest OtaAa Bji Bremen Eipretl Benj.on Honftonf (iprnt Uf ol (4Mw|k FranAhrt Eiprnt B HAVEN ROAM 3/12 4/12 13/12 14/12 24/12 21/12 27/12 21/12 VI (/I 14/1 15/1 22/1 23/1 27/1 21/1 4/2 V 2 CONT/UNER SERVICE HAM B HAVU
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    • 678 23 DJAKARTA LLOYD INDONESIAN NATIONAL UNF BISAN YOKOHAMA KOtt KAOHSJUNG HK STOW CO*» V»MB 21/10 2t 10 21 10 1/11 3/11 1/11 S PORE TO JAKARTA/SURABAYA SERVICE SIAABAYA BUSAN 13/11 22/11 J/11 BHi.ir.' ;i WE 8T BOUND STOK BUM SMNUATA VIM* KUIAI vm PANJANG VIII 7-1/11 1/12 1/12 11/12 12-14/11 12/12
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    • 637 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loadng for Rangoon Spore Htoneywa V2O6W 12/14 Nov Phashwejyawywa V26o* 15/17 Nov Pagan V92W 21/23 Nov Pa-an 21/30 Nov PJ(«ian( Penang \>A BANK LINE FORTHBANK MEADOWBANK SPORE R'DAM 11 Nov 7 Dec 22 Dec 18 Jon HULL HMBG 14 Dec 11
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  • Page 24 Advertisements
    • 879 24 USA CANADA ATLANTIC COAST (Round Th« World Sorvico) [i K LINE KAWASAKI KISEN KAISHA, LTD. NEPTUNE PEARL V 52 ORIENTAL MINISTER V 22 ORIENTAL EXPLORER Vl5 ORCNTAL KNIGHT V 24 PACIFIC COAST (Including DESTINATIONS INLAND via IPI MiCROBRIDGE MINILAND BRIDGE) FEEDER/ JOHORE BRIDGE V 49 MOTHER VESSEL HAKONE MAJtU V
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    • 302 24 JMDME SWUNG AGENCIS (REG. *****4/ OOK) 70 SHENTON WAY *04 03 MARINA HOUSE SINGAPORE 0707 IK *****11 TELEX NO RS ***** CfS OFFICE TPC *03 029 Tel *****31 *****32 TERMINAL OFFICE TPC *03 030 T* *****90/*****93 DOIMGIXIAMA LINE NORLDMDE PACftC MMHTME (PTE) LID. Tot *****11 (I toot) KONTENA HASJONAL SON.
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    • 611 24 austrauaTxpresTcontainer service Accepting FCL/FCL Containers INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* loading tot Madus B desh, Hakfca Calcutta Cochm Bomb j i Mafrai Bdesh Hakka Calcutta IMn Colombo Bombay Dei» Madras Bdtsfc Hatta Calcutta INDIA SERVICE Accepting FCL Container* and Conventional Cargo Singapoie P Aetang Penang loading tor BHARATENOU
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    • 579 24 GOLDEN LINE GUAN GUAN SHIPPING (PTI) LTD R«an| I urn Protreial Ba* BuAd*i{ M Ceci Street SINGAPORf 0104 Til 221)790 (10 L*ES) P RHant 03 3579C1 p tni n( 04 6254 M Paw Gudjn, A mt OMNI ILOTO (M) SON BM) IU 07 SI 1370/1 STRAITS/PERSIAN GULF SERVICE: GOIKN CITY
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    • 496 24 (PTC)LTD 10 Anson Road »27 16 Internationn 1 Plaza Singapore 0207 Tel *****1 1 (1 O Lines) JTOIASIAU«I BREAKBULK SERVICE TO EUROPE/UK S pore P. Kebn(ludn| tor:VAN CONQUEROR BBSS9IC »/ll ROT/ANT/U.K (AWN) MNNER BBBS9IS IJ/U 22/11 ESBJER6/BELFAST/ ROT/ANT/UK (AVON) Aftnh Seaport MTRASCA (Ptl) ITO BOOKNG 2?4«&11 Imp* WHANG SWPMG CO
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  • Page 25 Advertisements
    • 782 25 NOL NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A member of the ACE Consortium TO EUROPE/UK (VIA SUEZ): CR PARIS 2* HK CONTAINER 47* 0 CHKF 46N K lACERN 31N N CRYSTAL 32* K CHANCE 24* Also Lcctinc cargo to ticm Scandinavia ♦HK CONTAINER Spoie Closing Times FCI
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    • 591 25 HEUNG-A SHIPPING Korean Flag Vessels DO* AM SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG, PENANG. BUSAN, INCHON P<n*i( Incf 12/11 General Swvey at Godran K 15 on 7/11/K horn 0400 hri 1200 l*s M Ao 11 Vo» SOt S/N P'WI «i,|NIN NtPTUNI AGINCUS PII I ID Tel *****77 ?/***** (Bnoimts) ???7MO
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    • 703 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SMGAPORE Telei Numbers RS ***** RS ***** RS ***** P. KEIANG POMM6 M/S SHARKAT NAM SOON SOU. HO IST AND 2ND FLOOR. MESSRS HM THONG SHTfMG 127 Penar*
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    • 47 25 SIM SWEE JOO SHIPPING SDN. BHD. EXPRESS TO BINTULU P. KeUnf Loadnt to SWEE LONG SATU Voy 85 10/11 Ifci CONTAINERISED SERVICE RBUAN JAYA Voy 59 12/11 Kuchjnf, Bmtulu. Mri. KK Agents: JAMBATAN MERAH SDN. BHD. P. Kelang: *****6 7 K.L. *****0 *****3 *****8 Penang *****1 *****5
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  • Page 26 Advertisements
    • 930 26 Itcginnal Container Liws SM BHUM SEA FO>TUMI piya mm OUNGA KEMUHHG SRI BHUM St* GLORY PTT» BHUM OUNGA KEMUNNG SOI BHUM SEA FORTUNE PIYA BHUM OUNGA REMUNNG SM BHUM SEA GLORY PIYA BHUM ETA/SMGAPORE 7/1 No* J/10 Nov 10/11 Nov 12/13 Nov 14/15 No* IS/17 No* 17/11 No* 19/20 No.
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  • Page 26 Miscellaneous
    • 148 26 iooej tk» .j Regional Weather ios iooe** SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNINQ. LEGEND: R Thunderstorm Temperature c X\ TJ Shower Weather Wind direction with speed in knots Rain Cloudy Sky Wove he, 9 h. Surface winds ore indicated by orrows which fly with the wind
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  • Page 27 Advertisements
    • 141 27 MSC AGENCES K. LUMPUR P. KELANG PENANG P. 6UDANG j. BAHARU LEOSHF SPORE *****88/*****56/*****48/*****93 *****1/4 TERMMAL *****1/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 *****8/*****8/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER BiTMrri 11 'ii/.'."Tfninra i i 'lr. jIIWPH 11 'li/.V'-MBIIBgITI EROM EUROPE *si usmmmnmwsmwim\i2zzi\nminm\ i ic. i ■EfTTffirrTTMglTlßiy I i HI ■•M[|ig|romrr7 wrrr^MtnngTmii
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    • 105 27 frata FRATA CONTAINER LINES DAIICHI CHUO KISEN KAISHA. TOKYO. Vessel S pore P. Kelw|Ktn From SEI2AN MARU V 509 8 Nov In Port NAKAYAMA/KASHMA ANDHIKA PERDANA V 505 10 No» 12 No» 8 No* WAKAYAMA KASWMA Genern I HAI SUN HUP CO PTE LTD Singapore Agents Tel l 4'>n* i.>o
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    • 683 27 GLORY NAVIGATION GBOIIP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ft ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* Sfsi F KEIM6 KNMfi WM MiiMBMG CSfINtW 5 *31 hi r«t J/11 HMH IK *37 13/11 15m iTTTT I I sua lUI.I 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND
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  • Page 28 Advertisements
    • 660 28 ®n nn^nn c Trf lJ l/a\fl express conventional service TO ANO FROM UK/CONTINENT TO. SPo(|[ PKHANG PENANC EOR iNIANIN 11 13 No» 14 15 Nov 16 18 No» 19 21 No» UK RO>M HBG BMEN FROM EUROPE PLNANG P KELANG STOtt INI ANIN Sid SM (ROM RDAM BMEN HBG AWERP
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    • 626 28 HEAP SENG TRADING SHIPPING PTE LTD 6001 BEACH ROAD #13-01 GOLDEN MILE TOWER SINGAPORE 0719 TEL NO. *****44 (3 LINES) TLX NO. RS ***** HEAPCO FULL CONTAINER SERVICE TO PORT KELANG PtNANG DIRECT WEEKLY CONVENTIONAL/CONTAINER SERVICE TO PHUKET VtSSILS *0* II LAMPUNG 13? 8 LAMPUNG 13} UMPUNG 134 8 UMPUNG
      626 words
    • 677 28 C.Y. LINE (A Member Of The ACE Consortium) CHO YANG SHIPPING CO. LTD FUUT CONIMKMSCO SERVICE 10 EUROPE (VM SUEZ) Spare CK PARIS ?N In Pod HONGKONC CONTAINfR 47W 13 11 ORIENIAI CHEF 46H 20 II korian maim 3iw ji 11 IpHjinf Rdjtn I stowf Hbu| Brent Antwerp 11 76
      677 words
    • 697 28 B COMMNIA PERUANA DC VAPOKEES (CP.V.) "PERUVIAN STATE LINE" p 1,11 I. CMm MUtdrjro Ite and ill ottwi fVtu.nn polls •>th ''anslkprnfrt! d l > J 0" K lM"ufti Bilh ot lading to tmjl A Penam* P KeUnf THOMASfVfRETT HUGHE Vf RUT MANOIOEVEREU Sai(aporc In Pt/7 No« 10/11 Nov 21/22
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    • 312 28 ZIM NON CONFERENCE MDEPENDENT FULL CONTUO SERVICE acccptnf FCL/LCL carjoes to USA East I Nest Coast. Carribfccaniasl Canada and HAITI ZIM EILAT CONTAINER LINE Spot [ill Trmtt Kapn itmtt Piacin «mi 1111 nn 5,12 «/i? j/i2 30ii ZIM MOHSIUWG 27 11 11 12 21/12 22/12 15/12 IS/12 Acceptmt FCI To
      312 words