The Business Times, 22 January 1987

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. <P> No. 112/12/6« THURSDAY, JANUARY 22, 1987 75 CENTS
    12 words
  • 201 1 Exchange rates THE Singapore dollar closed lower at 2.1470/90 (2.1360/70) against the US currency in the foreign exchange market yesterday. The local unit also fell against the ringgit but rose against sterling, D-mark and the yen. US1 153.70/80 yon, 1.8470/80 DM, S$2.1480/90 £j US$1 .5140/50 M$s S
    201 words
  • 620 1  -  First stockbroklng firm hit by Pan-El crisis to recover financial footing By HOMER CHEN J BALLAS CO has fully repaid its bank debts, becoming the first stockbroking firm hit by the PanElectric Industries crisis to regain its financial footing. The stockbroking firm has
    620 words
  • 901 1  -  By ALVIN TAY HOCK TAT Developments (Pte) Ltd, one of the two companies from which the late Teh Cheang Wan is alleged to have received bribes, incurred a loss of about $5.3 million when the government acquired two-thirds of its land
    901 words
  • 132 1 Reuter FRANKFURT banking sources said yesterday that West Germany would cut its key interest rate to 3 per cent from 3.5 per cent today in order to brake the slide of the dollar on the foreign exchanges. The Bundesbank, the West German central
    Reuter  -  132 words
  • 356 1 AFP JAPANESE Finance Minister Kiichi Miyazawa left Tokyo for Washington yesterday for urgent talks with US Treasury Secretary James Baker in a bid to stabilise the dollar s value against the yen. Mr Miyazawa expects difficulties in getting Mr Baker to reaffirm an exchange rate
    AFP  -  356 words
  • 284 1 IN SYMPATHY with markets in Hongkong, Tokyo and New York, the Singapore stock market yeeterday reversed a two-day elide to poet moderate gains in fairly active trading. The Straits Timee Industrial Index posted a 8.10-point gain to 948.21 while the more broadlybaaed BT
    284 words
  • Page 1 Advertisements
    • 265 1 Cassette Receiver M 3 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD Wnuiinn Phone *****22 Kuala Lumpur. Prions. *****33 Phone. *****5/*****1 Jakarta: Phone. 3M085 Now! New OflO WHAM from 01® W More uses More convenience More your style GRO PLUS is a unique new "statement" account where you earn daily interest
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    • 267 1 Haw Par scores a first DIVERSIFIED TRADING group Haw Par Brothers International has scored a first in countertrade. The Trade Development Board is expected to award the company pioneer status for its countertrade operations, meaning that profits from such activities would be exempt from tax for five years. Full details,
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    • 5 1 Mora storiM on Psq( 5
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    • 45 1 _`%{\@'@'.~/<\?$)')!$[|_\:[-=?` Full report, Pag* 13 Asian Slocks, Rags 11 Ml Stocks, Pago 10 > -T-tsT" Ktii I .r T ftiß L-fii* ■y. -"V w*; I LASSALE QUARTZ i I X, J*r«r. «*ro -v /V -*•'> •>'9L'ZJ> a ■i v \v\ <r" X M*'** :c "V {if--fe lal [im'iW
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  • HOME NEWS
    • 459 2  -  Support so far from 10 private groups, 7 government bodies By RICHARD SEAH AJft AND SEA SUPPORT have Ato» pledged for what is surely •Mry down-to-earth project Singapore International QaMen Festival. The festival is still more Vm* two years away, from May pjfcjgust 1989. But already.
      459 words
    • 329 2 ibare shoulders kirts cruised the rday in a bid to French fashion I the gloss it can ts. nd its related inart of the image to establish for destination for lis part of the Mr Frederic Camanager, Singarunei for UTA dels from Paris outfits
      329 words
    • 170 2 wAMOtNAVIAN Airlines SysW» CBAS) is investing about lypM billion in 12 new jetliaera to replace gradually its w|p|s intercontinental fleet of OC-10S and two 7475. orders are for the MD«I iftter<ontinental jetliners fflmlilcDonnoll Douglas. It is fte Mggest ever single aircraft MjMtment
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    • 180 2 A NEW MAGAZINE to help local exporters sell to the second biggest market in the world will be launched in May. Japan Import Magazine, billed as "must reading" for Japanese importers, will feature consumer and light industrial products from manufacturers and exporters in the US,
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    • 120 2 RANK XEROX, the that made "xeroxing" synonymous with photocopying, has broadened its range of office equipment with new copiers for engineering drawings and plain paper facsimile machines. Its new Xerox 2510 will take all the ammonia out of architectural and engineering offices. Instead of the ammonia-based
      120 words
    • 392 2 THE seven-year-old software and consultancy firm, Industrial and Offshore Computer Services (IOCS), is anticipating a significant upturn in business activity this ysar following the impact of rscsssion last ysar. The company, launched in 1979 by a National Univsrsity of Singapore (NUS) Isctursr in mschsnicsl snginssring.
      392 words
    • 100 2 THE TEACHING of printed circuit board (PCB) design at the National University of Singapore will be enhanced now that the university has bought a $200,000 photoplotter. This machine allows the quick production of prototype PCB's, and will aid students in the design of
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    • 500 2 II r Seminars and c jjjTJjJ Cahners Tel *****13 Courses I J C Exposition Tlx RS ***** x Groiip Fax: *****66 J DURATION TITLE VENUE OftGAMSER TELEPHONE Feb 2-13 Financial Management National National *****66 f and Analysis Productivity Board Productivity Board Feb 2-16 Quality Control Grcle National National
      500 words
    • 214 3 THE Public Works Department has awarded a $3 million contract to Philips Singapore for the replacement of the traffic control system in the Central Business District. With the new "on-line" system, traffic flow can be monitored round the clock and adjustments to sudden changes in
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    • 334 3 WARREN CASTRAY has been appointed the vice-president, Pacific group, of NCR Corporation. The company has also appointed ELTON WHITE and GILBERT WILLIAMSON as executive vice-presidents. All three appointments took effect from Jan 1, 1987. Mr Castray's responsibilities are now marketing, installation and support of NCR systems in
      334 words
    • 447 3  -  By JAIME LYE THE MINISTRY OF HEALTH'S Phase II computerisation programme will improve the human touch at five major government hospitals. Phase I, completed last month at a cost of $16 million, saw the ministry, the National Computer Board (NCB) and IBM Singapore
      447 words
    • 235 3 ADVANCED techniques of using a computer-aided engineering (CAE) system to design plastic components will be discussed at a forthcoming workshop. The 10-day workshop-cum-consultancy programme is specially for small and mediumsized companies. It is jointly organised by the Singapore Institute of Standards and Industrial Research (SISIR)
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    • 88 3 The Association of Small and Medium Enterprises will organise a half-day seminar aimed at encouraging greater use of computers to improve the competitive edge. The seminar, called "Increasing Competitive Advantage Through Information Technology Implication on Small and Medi- um Sized Enterprise" will be held
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    • 324 3 CAHNERS EXPOSITION S decision not to hold a major rubber and plastics exhibition in Singapore has prompted exhibition organiser Interfama to fill an apparent vacuum. After four Rubberplas shows in Singapore, Cahners Exposition Group decided last year that the next, in 1968,
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    • 212 3 LONDON'S Cromwell Hospital will be taking a booth at Medic Asia '87, the first private hospital to do so since the show started in 1979. Medic Asia '87, billed as Asia's largest medical, hoapital and dental equipment and technology show, has also won the support of the Trade
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  • Page 2 Advertisements
    • 150 2 y-. Quality tenses. WThe precision and quality standards of 4'/West Germany are best seen in Zeiss. take for instance, our wide range of vs v t§nses. Tinted or clear, plastic or glass, 4$ llHilti-focal or multi-coated, Zeiss lenses > are made under the strictest quality control standards The Umbramatic multi-coated
      150 words
    • 169 2 Men and women of distinction always have something rare in common, like a Corum watch on thtir; wrists. For instance, the "Romulus" in 18 carat gold with the "Roman hours" hand-engraved on me" rim. Romulus. An ultra-slim, quartz and water-resistant model. Four different sizes in solid gold, platinum or set
      169 words

  • Page 3 Advertisements
    • 133 3 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day INW Li IMP A Mere L'(lcs lien/ Cycle Carriage industries (1986) Pte Limited (A oi tho Cyv* C*'V The newS class. This is the new Mercedes-Benz 'S' class. Machines that surpass all previous standards of excellence Six cylinders, capable of
      133 words

  • ASIA-PACIFIC
    • 403 4 AFP INDONESIA's senior economic planner has said that the new reforms aimed at deregulating the economy and paving the way tor increased private business activity were "almost certainly inevitable". "These initiatives are indicative of a progressive and deliberate movement to reform Indonesia's economic environment,"
      AFP  -  403 words
    • 265 4 AFP SOUTH KOREAN President Chun Doo-Hwan has instructed his Cabinet to study the setting up of a special government body charged with protecting human rights and preventing the recurrence of torture incidents, his spokesman said yesterday. The move comes two days after
      AFP  -  265 words
    • 397 4 AFP INDONESIAN ARMED FORCES chief General Benny Murdani has said the ruling government party Golkar must win the country's forthcoming general election, and warned of a possible comeback attempt by the banned communist party. General Murdani told a preelection meeting of regional governors in
      AFP  -  397 words
    • 480 4 AP EL NINO, a strange climatic phenomenon that disrupted weather around the world four years ago, appears to have returned, according to US government meteorologists. But it is milder this time, and seems unlikely to repeat the disruption that led to more than
      AP  -  480 words
    • 136 4 Reuter COMPANIES with foreign investment in China and a shortage of hard currency can apply to buy Chinese goods and export them, according to new regulations published by the Ministry of Foreign Economic Relations and Trade yesterday. The China Daily quoted the rules as saying
      Reuter  -  136 words
    • 102 4 Reuter BRITAIN has agreed to lend Australia one of the two original documents which gave the former British colony its independence in 1901, a spokesman for the Prime Minister's Office in London said yesterday. The spokesman rejected suggestions that the document had been the
      Reuter  -  102 words
    • 208 4 AP INDIAN Prime Minister Rajiv Gandhi has criticised state-owned industries for lack of professionalism and efficiency and says managers must be more energetic. The huge public sector does not have dynamic managers, Mr Gandhi told the International Congress of Public Enterprises on
      AP  -  208 words
    • 243 4 Reuter AUSTRALIA will appeal for an end to the agricultural trade war between the US and Europe at an international economic conference in Switzerland next week. Prime Minister Bob Hawke, who will give a keynote address at the World Economic Forum in
      Reuter  -  243 words
    • 548 4 THAILAND has kicked off this year by throwing its doors open wider than at any time in its history to foreign visitors, its main source of foreign income. The country has declared 1987 "Thailand's year of tourism". Its natural scenic areas. Buddhist festivals
      548 words
    • 440 4 AFP THE PHILIPPINE armed forces is monitoring military elements and opposition supporters involved in a coup plot which envisions the assassination of key military officials, according to a military document. The document, prepared for Philippine army chief Major General Rodolfo Canieso, was leaked
      AFP  -  440 words
    • 783 4 ARRIVALS Operator Sorvico Local From numbor tim* OA OA472 0015 SYD/Ma UA UA805 0100 SFO/HKG SU SQ11 0125 LAX/NBT SiA SQ416 0655 DAC/CCU MAS MH681 0820 KUL MAS MH811 0910 PEN MAS MH671 0920 •cm SiA SQ103 0950 KUL AC AC858 0950 YYZ/LHt/80M CPA CX710 1015 CGK
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  • Page 4 Advertisements
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    • 53 4 "I X /II A A"V T The business person's choice, Lyf 1 /\V ever V Tuesday, Thursday, Saturday J I anc Sunday. Leaving Changi Airport ■1 -LI—XI- at 22:05 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel Agent. Effective thru 31 January
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  • REST OF THE WORLD
    • 488 5 Western Europe's confidence in US leadership shaken, say analysts AP THE BEATING that the US dollar has taken on global money markets is eroding Western Europe's confidence in American economic leadership, according to business and financial analysts. "The fall of the dollar has become
      AP  -  488 words
    • 308 5 UPI THE HEAD of the UN Economic Commission for Latin America and the Caribbean says that creditors of the area's US$3BO billion foreign debt know "it will never be paid". "The debt is not payable if we take into account that the majority of
      UPI  -  308 words
    • 202 5 Reuter THE HEAD of the UN Environment Programme (UNEP) has called for tougher international measures to deal with accidents involving dangerous chemicals. If spillages continue at the present rate, Europe could face undrinkable fresh water and poisoned seas in the 21st century, said
      Reuter  -  202 words
    • 95 5 AP BRITISH Conservative Sir Henry Plumb was elected the president of the European Parliament, narrowly defeating Spanish Socialist Enrique Baron Crespo. He will be the first British member to serve in the post. In a closely-run contest, Sir Henry, 61, obtained 241 votes on Tuesday, in
      AP  -  95 words
    • 262 5 UPI LAW ENFORCEMENT and security experts viewed a supermarket of anti-ter-rorism devices and techniques at the opening of a conference on fighting international terrorism in Washington on Tuesday. Businessmen, security experts and what sponsors called "other legitimately interested" parties paid up to US$l,OOO each to
      UPI  -  262 words
    • 224 5 AFP TWO OF AMERICA'S top labour leaders have called for fresh action to curb Japanese imports into the US. Lane Kirkland, president of the AFL-CIO trade union confederation, urged the US Senate Finance Committee to enact tough trade legislation this
      AFP  -  224 words
  • Page 5 Advertisements
    • 196 5 Which (Hie fits you best? IBMtm —is a registered trade mark of International Business Machines PHILIPS Whatever your WP needs may be, Philips now have systems off-the-peg to fit your size exactly. We've just brought out an easy-to-learn new WP package designed to go with each of our PCs. You
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  • BANKING AND FINANCE
    • 497 6 Bank Negara's measures paying off MBT THE DROP in the statutory reserve ratio and the liquidity requirements of commercial banks, together with the placement of government deposits with the banking system significantly improved the liquidity situation in the money market in the last three
      MBT  -  497 words
    • 91 6 AP ASSETS of Taiwan's 15 offshore banking units totalled US$6.2B billion last year, down 2.9 per cent from 1985, the central bank reported. The bank attributed the decline to the weakened US dollar, which made it less attractive for investors to deposit dollars with the
      AP  -  91 words
    • 115 6 OVERSEAS UNION BANK has promoted two executives from manager to senior manager. They are Winston Tang Tze Soong, in the settlement department, and Koh Teow Yeong, in the Brunei branch. Mr Tang, a business administration graduate from the National University of Singapore, joined the bank in 1981
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    • 53 6 Reuter STATE-OWNED China International Trust and Investment Corp (Citic) will split its business into four separate but group-man-aged firms during the 1986-90 plan period. The four firms will focus on domestic and foreign investment, trading, credit and banking and developing a special economic zone
      Reuter  -  53 words
    • 365 6 UPI MUTUAL FUNDS' performance figures for 1986 compiled by Money Management showed that it had been the year of the Japanese and Far East funds with Europe coming a close second. British funds grew on average of more than 20 per cent
      UPI  -  365 words
    • 401 6 Reuter IN A BID to increase its business in the booming Asian financial markets, directors of the Chicago Board of Trade (CBT) have voted to approve the US' first evening trading session. The board's proposal will be submitted
      Reuter  -  401 words
    • 231 6 ASIAN DOLLAR deposit rates closed steady.yesterday at opening levels in quiet afternoon trading, dealers said. Asian dollar CD rates held unchanged at the morning's levels in quiet trading. One month closed at 6.15/05 per cent, three months at 6.10/6.00 per cent and six months at 6.05/5.95 per
      231 words
    • 1253 6 SINGAPORE: The US dollar yesterday closed firmer against most major currencies on short covering in active and nervous trading with intermittent profit-taking and selling also evident. It rose fairly sharply just before mid-day and again in late afternoon trading on short covering interest stimulated by a New York
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    • 342 6 HONGKONG: Gold closed slightly higher yesterday on New York's close in fairly active trading on local bargain hunting. Small investors were buying gold but institutional traders were nervous on speculation Japan and West Germany may take measures to reverse the dollar's recent decline. The metal ended at U*****.40/90
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    • 212 6 Interbank rates at 3pm yesterday: local dollars to c BM 0Mr ctom pertty me unit of foreign currency: US dollar 2.1470 2.1490 2.8196 -23.85 Starling pound 3.2537 3.2589 7.3469 -55.71 Australian dollar 1.4191 1.4226 3.4286 -58.61 NZ dollar 1.1550 1.1583 3.4286 -66 J1 Canadian dollar 1.5780 1.5801 3.4206
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    • Article, Illustration
      130 6 THE OVERNIGHT rate on the Singapore interbank market closed at 1 1/2 yesterday. down 1/4 point from Tuesday. The term rates shed 1/16 across the board to 3 3/8. Indicates the average of the prime (ending rates of 12 major banks in Singapore S$ Interbank rates at 7pm
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    • 618 6 MARCH Eurodollars opened unchanged at 94.07, and traded sharply higher on bullish market sentiment after news that the United States may be willing to arrest the dollar s decline with willingness by the Bank of Japan to cut the discount rate in exchange for currency stability. After touching the
      618 words
  • Page 6 Advertisements
    • 157 6 Crystal, The Timeless Gift r't Mr Wong Youk Wah Sales Executive A thing of beauty is a joy forever. Make the gift memorable this Chinese New Year with Prism's crystalware. Each piece is a work of art, skilfully crafted by master makers. Choose Bohemia or Moser or Lalique or Baccarat
      157 words

  • WORLD BACKGROUND
    • 921 7 Reuter LATIN AMERICA'S biggest cities, already gasping for air and water, are turning into urban monsters whose size is being swollen by one of the biggest mass migrations in history. In the past 15 years, the population of the continent's 20 largest cities has soared
      Reuter  -  921 words
    • 780 7 Reuter TAIWAN'S economy faces major changes as protectionist pressure in the US and the effects of the rising local currency threaten to stall export-led growth and force open financial markets. Economists and officials in Taipei said yesterday that protectionism would stem the flood of
      Reuter  -  780 words
    • 757 7  -  By FLORA LEWIS NYT IN THE AFTERMATH of World War I, there was a great campaign against the "merchants of death" who made fortunes selling arms and encouraging wars to use them up. Making money is now an important factor for governments in the
      NYT  -  757 words
    • 623 7 NYT MOMENTUM appears to be gathering for an attack on what many educators regard as Americans' ignorance about the world beyond their shores. Foreign failures and difficulties that have developed in recent years, from Vietnam to Iran, have led to calls for a general bolstering
      NYT  -  623 words
    • 737 7 AP ON A CONTINENT burdened by hunger and crippling food import bills, Zimbabwe farmers are under orders to grow less after harvesting a mountain of surplus grain. The two-million-tonne corn (maize) surplus enough to feed the country's eight million people for two
      AP  -  737 words
  • Page 7 Advertisements
    • 145 7 An Oriental Charm i t -4 r Teppanyaki Set Lunch $15 per person A must for lovers of teppanyaki Choose from a wide variety of meat and seafood and watch the chef skilfully cook them at your table These come with salad miso soup, fried vegetables fruits and tea Seafood
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  • Page 7 Miscellaneous

  • FEATURES
    • 583 8 WARS might be fought over causes but are rarely won or lost by their justness. Wars, rather, are made up of statistics, impressive because they are invariably inflated, and rhetoric, provided by political leaders who live to master it because they do not have
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    • 706 8  -  Malaysia calls for investment in craft-manufacturing industries Malaysia wants its handicraft industries to take off into a new era. It recognises great potential and has sought the help of foreign expertise. Now, the country is inviting investors people with money, ideas and a business culture
      Bernama.  -  706 words
    • 555 8 Bernama. A REVELATION of the big ideas evolving in the Malaysian handicraft industry is now on display at an exhibition at Infokraf Malaysia's main craft education facility. The exhibition features prototypes of designer-original handbags, purses, shopping and carpet bags, finely handwoven in traditional and contemporary
      Bernama.  -  555 words
  • Page 8 Advertisements
    • 54 8 IF YOU WANT TO KNOW UT.„^ $ss*ne y&?+ i i «wx* What do peopfein business Nope wilfpdp-©# in the How ate Singapore in the land ofa billion opportunely? What goes into the makingofthe successful Where does the glisterof the jeWellery t/ade tie? 7 GET YOUR COPY OF SINGAPORE BUSINESS TODAY
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  • Page 8 Miscellaneous
    • 686 8 ®Caci^!i2?(DfiiED F' CRYPTIC PUZZLE ACROSS 1 Cash figure for the half-year (6) 7 The music of friendship? (8) 8 A drink from the percolator? (4) 10 Placed as a fixed bet? (6) 11 I'm first to be obstructive (6) 14 Haul out of the deluge (3) 16 Capital with which
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  • SPORTS
    • 263 9 AFP AUSTRALIA tightened its grip on the world's strongest age group tournament when the two top seeds, Rodney Msrtin and Liz Irving, both reached the semifinals of the British under-23 Open championships in Msrjow, England, on Tuesday. Martin, last year's winner,
      AFP  -  263 words
    • 179 9 AP NEW MOVES to reduce tobacco companies' sponsorship of spoils In Britain wers labtfted a smokescreen by the anN-amok-inf lobby on Tuaaday. An agreement was announced between the government and the tobacco industry to curb sponsorship and cigarette advertising at sports events. But
      AP  -  179 words
    • 439 9 Australian Open Ivan Lendl cruises into semi-finals Reuter WORLD NUMBER ONE Ivan Lendl of Czechoslovakia cruised into the semi-finals of the U851.7 million Australian Open at Kooyong yesterday but faces challenges from title-holder Stefan Edberg of Sweden and Australia's Nrt Cash. Top-seed Lendl beat Sweden's Anders Jarryd 7-f 6-1 6-3
      Reuter  -  439 words
    • 416 9  -  Singapore gets more seats for workshop session By WALTON MORAIS SINGAPORE tennis coaches will have almost three times as many places in the International Tennis Federation fast Asian Tennis Coaches Workshep as the other participating countries. The ITF, responding to a Singapore request for more places
      416 words
    • 720 9 NYT THIS IS A GREAT day for Stars Stripes and t great day for America, Dennis Conner said on Monday with fairs in his eyes after he had won the right to challenge Australia for the America s Cup he lost in 1963. Everywhere
      NYT  -  720 words
    • 604 9 UPI KOOKABURRA 111 toiled Australia IV at the start on Tueeday for a 55-second victory that ousted Alan Bond's flagship from the America's Cup and clinched the defenders berth against Dennis Conner's Stars and Stripea. "In the end, there has to be
      UPI  -  604 words
    • 380 9 Reuter SUNDAY'S Super Bowl XXI in Pasadena is far more than just a football game. To the companies spending more than US$3O million on television advertising, and to this region of California which expects to reap US$24O million in related revenues, the
      Reuter  -  380 words
  • Page 9 Miscellaneous
    • 1133 9 w sm mm lik THURSDAY FEATURE SPECIAL Firefox 10.30pm, Channel 5 Clint Eastwood (left) is a burned out Vietnam War pilot brought back to duty to steal a fancy Soviet war plane. Eastwood also produced and directed this sleepy escapade that erupts into a giant yawn. Good only if you
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  • INTERNATIONAL STOCKS
    • 510 10 FT BTR, THE INDUSTRIAL conglomerate, has abandoned its £1.2 billion bid for Pilkington Brothers, the glass manufacturer, bringing to an abrupt end one of the most politically contentious takeover battles in recent years. BTR said that after taking soundings with Pilkington's major institutional shareholders,
      FT  -  510 words
    • 440 10 Reuter WALL STREET stock prices closed mixed in extremely active trading on Tuesday as blue chips managed to save the New Year rally and extend it to a 13th straight session, a new record. Since the beginning of the year, blue chips
      Reuter  -  440 words
    • 137 10 JAM 20 C +<■ Inco Int Pro* Pip* 17* 43* lu Intt 22* «icin Aiufit................ Algoma Stl Bank Nova Scotia Bank Of Montreal Ball Canada 10* 1854 39* 38* Karr Addiaon Loblaw Co McMil Bid! Motaon A 17* 11* 49\ 23* Bp Raaourcaa Brascan CI A Campbl Laka 37
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    • 223 10 JAN 20 RAND MOUSTMALS Tongaat Truat Bk Un StMl Wooltru 860 140 56 1560 15 unch unch unch A Alpha ***** Abarcom 315 -6 MM Aeci 1650 unch -10 unch Angvaal *****6 JMT:: 4850 Blyvoor 2475 25 Barlow* 1925 -35 -50 unch Chartac 2000 CNA 306 Cona Gold 4775
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    • 593 10 JAN 20 UB t Eastern Aid 46% .ft 74% •X Motorola Inc 44% J% unch -ft Eli Lilly 61% -1 N L Indust 9ft Jft 4 lllff Alcoa 38% 34% •ft Nabsco Ri 97* ft Alleg Intl 14% •ft Natl Dtat Chem 51% Allied Sig 45 1* Fireetone
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    • 762 10 Amsterdam MM 30 FL8 ABN 522 50 Aagon 86 50 Ahold 107 50 Akzo 130 50 Alrsnta 141 40 AMEV 73 80 Amro Bank Am Stad 88 80 128 50 ♦0J Barkal BOLS 15.80 164 50 -1.2 Boraumij Buatirman Tattarcxk Caiva 142 00 l 56.50 708 00 -3
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    • 69 10 Reuter SECURITY PACIFIC CORP, reporting a 21.4 per cent gain in fourthquarter 1986 income, said it had benefited substantially from a recalculation of income on its leveraged lease portfolio to conform with the new federal tax code. Fourth-quarter profits rose to U*****.6 million, from $86.1 million
      Reuter  -  69 words
  • Page 10 Advertisements
    • 628 10 b©3l M £1 Wtere to trine, time «n«i entertain WKU 11l I' f The Drums Roll and A Special Ceremony takes place at 8.15 pmevery Thursday... The Executive Chef will then ceremonially carve a succulent roast, done to a turn on the one and only roasting spit in town. Treat
      628 words
    • 140 10 London stocks on Pago 15 May we introduce you to a most mouth wateringly marinated Sichuan bird. The inimitable Long Jiang Drunken Chicken. Prime and plump It's so staggeringly good you'll be tempted to tiy the rest of our 230 Sichuan dishes. Now that's a sobering thought Come for lunch
      140 words

  • ASIAN STOCKS
    • 350 11 HONGKONG: Share prices closed sharply higher yesterday with the Hang Seng Index recording its biggest gain in more than five years on strong technical demand and reassuring comments on China's economic reforms. The index finished the day 84.02 points higher at 2,533.90 for its biggest single day rise since
      350 words
    • 269 11 JAN 21 NT 1 Kolin 26 90 -0.5 Kuochan Oev 24 40 -03 AM Sincere Indus 2 37 ■0.12 Lee Chang Yuen Asia Cement 31 10 -04 Chem Indus 32 10 03 Cathay Cons 37 30 unch Lien Hwa Indus 22 40 0 3 Chang Hwa Bank... 46 50
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    • 434 11 TOKYO: The market average yesterday rose to its fourth straight record high close as anticipation of interest rate cuts and Wall Street s rally boosted sentiment. The average climbed 213.06 to close at 19,429.18, breaking the previous record close of 19,216.12 on Tuesday. The average was even higher at
      434 words
    • 94 11 JAN 21 Chail Sugar -90 Kal 1020 -41 2S10 Kangwon Ind ***** 1890 400 -35 431 •19 3810 -200 870 -21 1820 35 122S 5 Lucky Ltd 1480 -31 Daiahin Securities 6300 9200 300 unch Oriental Brewery. 1380 ***** unch -200 Dong Suh Stock Dongbu Steel ***** 2197 800
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    • 401 11 SYDNEY: Renewed interest in media stocks partially offset selling in gold issues and selected blue chips on Australian share markets yesterday, which closed easier but off the day's lows. The media index rose 214.0 points or 3.0 per cent to 7,215.3 after John Fairfax announced a Asl6 a share
      401 words
    • 158 11 Reuter BANGKOK: The Stock Exchange of Thailand Index edged up 0.65 to 209.68 on a turnover of 909,632 shares valued at 165.5 million baht. JAN 71 MHT Saha Union 175 1 Siati Cement 625 8 Ao Kham Thai 200 15 Stam City Ayudhya Invaatmant 242 unch Camaot 674 6
      Reuter  -  158 words
    • 88 11 JAN w tin mn 0.0012 -0 0002 Oriental B 0 028 -0 002 0 046 •0 003 0.003 Phi lax B 046 -0 03 0 0690 -0 006 Ptcoo B Atlaa Con B 20 PUJT 272 50 •6 0 0006 -fl OHM San Uiaial R 112 -2 Basic Patrolaum
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    • 112 11 THE BOEING CO sale of three 757 passenger planes to China's state airline, CAAC, is worth about US$l2O million according to airline industry sources. They said a 757 costs about US$4O million. The People's Daily overseas edition said CAAC has agreed to buy the planes, equipped
      112 words
    • 575 11 Reuter SYDNEY-BASED media group John Fairfax Ltd is making an offer of Asl6 a share for all the issued capital of Australia's largest media group, the Herald and Weekly Times Ltd, in a counterbid to the Asls a share offer
      Reuter  -  575 words
    • 164 11 AFP HONGKONG TYCOON Li KaShing's key companies, Cheunf Kong Holdings and Hutchison Whampoa, have announced a HKS762 million guaranteed fixedrate bond issue. The bond issue is in the name of Meldrum Inc, in which the two firms have an equal stake.
      AFP  -  164 words
    • 121 11 Reuter HONDA Motor Co Ltd has blamed the 49.4 per cent drop in third quarter net income on the yen's sharp appreciation against the dollar, a company spokesman said. Consolidated net income in the quarter ended Nov 30 fell to 17.1 billion yen from
      Reuter  -  121 words
  • Page 11 Advertisements
    • 503 11 Wi Is ir.2 A There's a cafe on a lush, green hi 11... where you can take a break. Meet friends. Relax. Make choices from the delightful international cuisine and Asian favourites Prawn Mee. Nasi Goreng. Prawn Cuny. Rahmschnitzel. Hainanese Chicken Rice. And much more. At Cafe in the Park
      503 words
    • 118 11 ONLY $12.50 BUFFCT- LUNCH COMBINING THE BEST OF eastern A Western dishes JLjU it M"'V 19, Celmhill Circle, Singapore 0922. Tel: *****22 Telex: RS ***** Holiday Inn Park View Celebrates Year of The Rabbit CJsher in the New Year at Fragrant Blossom Restaurant with our Good Luck 'Yu-Sheng' and Chefs
      118 words

  • RAW MATERIALS
    • 687 12 Possible supply shortfall due to heavy rains in Malaysia Reuter RUBBER PRICES should remain steady through the first half of 1967, helped by continuing high demand for latex and potential supply shortages caused by bad weather in southern Malaysia. Rubber brokers said that the price in
      Reuter  -  687 words
    • 474 12 MBT MALAYSIA'S Primary Industries Ministry is planning a strategy to counter the anti-palm oil campaign initiated by the US in the international market. One of the measures will be a programme to educate the public in the country about the advantages of
      MBT  -  474 words
    • 226 12 Bernama HAMBURG-BASED weekly 0/7 World estimates in its latest report that world production of palm oil will decline by one per cent, or some 80,000 tonnes, to 7.644 million tonnes during the October 1986 to September 1987 period. The publication, in
      Bernama  -  226 words
    • 162 12 CRUDE PALM OIL prices closed firmer yesterday on short covering and speculative buying interest, prompted by the late surge in palm oil futures. Dealers said that a shortfall in production continued as a supportive factor. Jan deliveries in the central and south regions rose M 512.50 and Mslo
      162 words
    • 100 12 OIL PRODUCTS NAPHTHA firmed on interest for FOB Singapore barrels and moderate bullishness in Japan. Fuel oil was stable but the buyer/seller gap appears to be closing, with sellers ideas lower in line with prices in Europe. All other products remained basically stable. Closing prices for crude (FOB origin) US$/barrel
      100 words
    • 151 12 SOYBEAN FUTURES on the Chicago Board of Trade closed weak on Tuesday, off 4-1/4 US cents to 1-1/4 cents a bushel. Spot January settled at U554.95-1/2, down 3-1/2 cents. Traders said strong demand from trade house Cargill was not enough to prevent soybeans from closing around the day's lows.
      151 words
    • 209 12 WHEAT FUTURES in Chicago closed mixed on Tuesday. up 1-1/4 US cents a bushel to down 1-1/4. Near March settled at US$2.B4. Cargill, which actively bought corn and soybeans on Tuesday, also bought wheat early and gave the market a steady tone from the outset. A fairly constructive near-term
      209 words
    • 83 12 THE PRICE OF TIN on the Kuala Lumpur Tin Market yesterday closed unchanged from Tuesday's M 517.30 per kilo In fairly quiet tracing, in lint wrm an overnight steady European spot market. The steacNnees reflected some persistent European, Japanese and local Interest Turnover totalled 90 tonnes on continued
      83 words
    • 88 12 (cants/kg, 1 -tor pott*n) FEB 87 MAR 87 (currant month) (forward month) NOON NOON RAS Buy«n Sellers lur«n Sellers SSC 30 178 JO 180.50N 179 JO 181 JON SSR SO 176 JO 178.50N 177JO 179 JON MRELB Ivytn lwy«n SMR CV 288 50 290JON 289JO 291 JON
      88 words
    • 66 12 Bangkok Broken Rice A-l Sup*r 118 (US$/tonm, FOB) A-l Special 115 White Rice C-l SfMdai C-l Ord inq unq 100% 10 don 245 100% 2nd dots 210 Loonzain Rice 100% 3rd do» 205 100% lit grade unq 5% 10% 195 190 100% 2nd grod« 100% 3rd grod* 205 imq
      66 words
    • 738 12 COFFEE Robusta futures on Tuesday settled at the day's highs with gains of £66 to £59 a tonne, aided by the initial firm trend of the New York market. Generally weak sterling against the dollar helped underpin values for much of the day as shorts took cover. Although
      738 words
    • 283 12 AFP THE 1986 International Cocoa Agreement entered into force on Tuesday, receiving U*****.7 million in funds and 99,338 tonnes of cocoa stock accumulated under its predecessor, delegates at International Cocoa Organisation (ICCO) talks in London said. The transfer of funds and stock
      AFP  -  283 words
    • 234 12 SINGAPORE The market closed quietly steady yesterday with Feb 1 RSS buyers quoted at 192.25 cents/kilo, up 0.25 cent. The morning session lost 0.50 cent, after moving uncertainly on some short covering and long liquidation in quiet trading. Short covering coupled with higher Tokyo advices helped prices to recover
      234 words
    • 320 12 RAS prices m s c •nta/kg, FOB In M« 1 NOON close Bwyari Setters ftuyare Setters Int 1 RSS Prompt 193-50 194 JON 192 JO 193 JON Int 1 RSS Fob 87 193JO 194J0 192.25 19X25 Int 1 RSS March 190.00 190JO ***** 189.25 lot 2 RSS
      320 words
    • 138 12 Chinese Produce Exchange Sclltn' noon cioung prioti on Jon 21 (SS/100 kg). Coconut oil Bulk FOB 86.00 Otd drum FOB 96.00 Now dram FOB 100.00 Copra MIxod (loose) 50 lotion Pepper Muntok WhJt* FOB NIW 1375.00 Sarawak Whho FOB foq NLW 1360.00 Sarawak ip«dal black FOB NIW 1017.50
      138 words
  • Page 12 Advertisements
    • 103 12 fj*- v .A \m--113 f "p |t V V ll Let BT show you the ropes for effective management every Monday BT, Singapore's biggest business daily, has two full pages on Management every Monday. This is essential reading for all successful professionals and executives. Incisive management news is ferreted out
      103 words

  • SHARE INFORMATION
    • 4165 13 THE MARKET made up lost ground in fairly active trading yesterday, with prices closing higher across the board. The Straits Times Industrial Index rose 8.10 points to close at 948.21 while the more broadly based BT Composite Index gained 9.30 points
      4,165 words
    • 270 13 SINGAPORE Rises N S T 545 JO IT Compovt. O C C 975 20 8T Indicator Metro Hldgt 640 20 IT Ol/OS tatmmm M««> 555 20 IT CAOl W*m AIM 220 20 IT OIV Port-ay M 50* 169 20 ST Induttnolt Spar* land 585 +15 ST Rnanc*
      270 words
    • 3433 13 810 and otter prices officially listed and business in and re ported to the Stock Exchange at Singapore yesterday witti 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
      3,433 words
    • 143 13 BATU KAWAN Berhad: 22nd AGM at Wisma Taiko, 1, Jalan S P Seenivasagam, Ipoh, Perak, Malaysia tomorrow at 12.30pm. BOUSTEADCO SINGAPORE Limited: EGM at 20 Collyer Quay, #16-00 Tung Centre, Singapore 0104, on Monday, Jan 26, at 9am. CYCLE ft CARRIAGE Limited: 18th AGM at the Mandarin Court
      143 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 679 14 Reuter THE RESIGNATION of two more executives of Morgan Grenfell Group PLC has raised chances that the merchant bank may be taken over or that a major institution may buy a minority stake to stabilise the group. But analysts said one major restraining
      Reuter  -  679 words
    • 302 14 Reuter THE SWISS Banking Commission said it would examine whether a purchase by Bank Leu of Switzerland of nearly 5 per cent of the Anglo-Irish brewing company Guinness last year was legal. In a brief statement on Tuesday, the commission said
      Reuter  -  302 words
    • 589 14 Reuter INTERNATIONAL Business Machines Corp is still mired in the two-year slump that has plagued the computer industry, and Wall Street analysts are cautious about projecting any rebound for the company this year. "Their costs are much too high and IBM has product
      Reuter  -  589 words
    • 108 14 HONGKONG Hongkong Index Wednesday 1617.30 Tuesday *****1 Week ago 1650 10 Hang Song Index Wednesday *****0 Tuesday 2449 88 Week ogo *****3 All Industrials Wednesday 2400.7 Tuesday 2401.6 Week ago ***** NEW YORK Dow Jones Tuesday 2104.47* Monday 2102.50 Week ago 2012.94 TOKYO Nikkei Average Wednesday *****18* Tuesday
      108 words
    • 240 14 Monogwrt' pric«s for Jon 22 MARA-Bumiputra First B'putro 551 556 Singapore Unit Trust Sacond B'putro Third B'putro 496 390 501 3.9S Ttie Commerce 093 100 Fourth B'putro 447 4 52 Tlx Sovngs Fund 086 092 Fifth B'putro 2W 2.94 Spore Frog fund 037 041 Suth B'putro 296 301
      240 words
    • 518 14 BUOYANT SENTIMENT returned to the Kuala Lumpur stock market yesterday, taking a broad spectrum ot shares to higher ground in active trading. Strong interest was noted right from the first hour of trading when prices opened at slightly above overnight levels. Attention this
      518 words
    • 2442 14 BID and offer price» officially listed and biiriw in and reported to tbe Kuala Lumpur Stock Exchange yesterday, with tbe number oi shares traded ahown in brackets in lota of 1,000 units unless otherwise specified. INDUSTRIALS Alcorn 1768) Ml 76 AISB 1588 60S) 111 56
      2,442 words
  • Page 14 Advertisements
    • 192 14 The Third Annual Times Conference on CORPORATE TAX PLANNING FOR SINGAPORE AND MALAYSIA Opportunities and Strategies for Business Growth 6-7 April 1987 Pavilion Inter-Continental Hotel, Singapore A conference specially designed for chief executives, general managers, company directors, management consultants, financial controllers, accountants, bankers, lawyers and all professionals involved in tax
      192 words

  • COMPANY NEWS
    • 374 15  -  By ELAINE KOH PROMET BHD's bankers are looking into the group's cash flow as well as the fine print of its proposed debt restructuring scheme. At the same time, Promet has recommended that the 17 banks be represented by one legal firm, that being
      374 words
    • 587 15 MBT MALAYSIAN STOCKBROKERS are in favour of adopting a sliding scale of commissions for stock transactions. Brokers contacted by Malaysian Business Times yesterday said it was crucial for the Kuala Lumpur Stock Exchange (KLSE) to implement this system at the same time as
      MBT  -  587 words
    • 542 15  -  By AMY CHEOK SIM LIM Investments Ltd, the holding and investment company controlled by the Soon family of Singapore, is reviewing its proposed $20 million rights issue following a re-examination of the future performance of the group. As a result, the abridged
      542 words
    • 156 15 MOUNT PLEASURE Holdings Bhd said it had renegotiated with the vendors of SV Lee Trading Sdn Bhd (SVL) to acquire the latter's entire issued and paid-up capital comprising 612,000 shares of M$1.00 at par at a revised cash consideration of M$850,000. A fresh sales and purchase agreement has
      156 words
    • 719 15  -  By NAJEEB JARHOM THE THREE HOTELS in the prestigious $1.2 billion Marina Square complex are expected to cost Marina Centre Holdings (MCH) a total of $124 million in cash outflows in the next five years. MCH owns a half share
      719 words
    • 527 15  -  First local company to be given such incentive By CHAN OI CHEE TIGER BALM products manufacturer Haw Par Brothers International is believed to have been granted pioneer status by the Trade Development Board for its countertrade operations. An announcement from the TDB is expected
      527 words
    • 891 15 SHARE PRICES fell sharply in early dealings yesterday, feeling the full weight of Tuesday's resignations from Morgan Grenfell and of BTR's abandoned bid for Pilkington, dealers said. At 12 noon, the FT 30 Index was down 8.5 points to 1390.5 while the FTSE 100 Index was down 13.1
      891 words
  • Page 15 Advertisements
    • 284 15 pmcMifcl IN THE MATTKB OF THB COMPANIES ACT CAP 1M AND IN TUB MATTEB OF WD FUNG JAD6K 4 GEM COMPANY PKIVATS NOTICE IS HEREBT GIVEN pursuant to Section 306 of the Companies Act, Cap. 186, that a final meeting of the members of the abovenamed company will be held
      284 words

  • 459 16  -  By LUCY NG A PREFERENCE for basing pay increasee on profits rather than productivity has been expressed by many representatives to the National Employers Conference on Wage Reform. They felt that the profitability model for wage reform is easier to understand
    459 words
  • LATE FILE
    • 68 16 Reuter US consumer prices rose a moderate 0.2 per cent in December and the inflation rate for all of 1986 was the lowest in 25 years. The Labour Department said yesterday that the consumer price index rose by only 1.1 per cent between the end
      Reuter  -  68 words
    • 34 16 UPI REFECTING the flagging domestic economy, Japan's industrial output in November declined 1.7 per cent from October after seasonal adjustments, said the Ministry of International Trade and Industry yesterday. UPI
      UPI  -  34 words
    • 40 16 AFP ABOUT 100 supporters of President Corazon Aquino picketed the main office of Citibank in Manila yesterday to protest against the bank's refusal to approve a plan to restructure the country's debt fc> foreign banks. AFP
      AFP  -  40 words
    • 46 16 AFP "HONGKONG'S British colonial government yesterday announced the appointment of two ethnic Chinese to senior posts in the administration. Analysts saw the move as part of efforts to localise the administration during the run-up to 1997, when China resumes sovereignty. AFP
      AFP  -  46 words
    • 72 16 UPI BANKS and insurance companies in New Delhi closed their doors and domestic flights were reduced yesterday in a nationwide strike by more than two million white collar workers to protest against the "privatisation of the public sector". "Reports from across the country indicate that the
      UPI  -  72 words
    • 58 16 Reuter UGANDAN government troops killed 350 northern rebels on Sunday in the fiercest engagement since the rebels began attacking the government's National Resistance Army last August. NRA commanders said yesterday that more than 6,000 soldiers took part in the six-hour battie at Corner Kilak, a
      Reuter  -  58 words
  • 190 16 Bernama ES MALAYSIA has not been officially informed about the compromise the Thai government has reportedly reached with an American oil company over a dispute on the exploration of an overlapping area in the Gulf of Thailand. The Malaysian co-chairman of the Thai-Malaysia Joint
    Bernama ES  -  190 words
  • 216 16 Reuter JAPAN'S Prime Minister Yasuhiro Nakasone and Chinese VicePremier Tian Jiyun yesterday pledged that each country's policies towards the other would remain unchanged despite China's political unrest, said a spokesman for the foreign ministry in Tokyo. Mr Tian, on a 10-day official visit to Japan,
    Reuter  -  216 words
  • 81 16 Reuter COMEX GOLD FUTURES rallied to the plus column on buying by professionals yesterday morning after dropping on selling left over from Tuesday's steep fall. Gold for delivery in February rose US$O.BO at U*****.00 an ounce, having rebounded from a low of U*****.80. Analysts said dealers and banks
    Reuter  -  81 words
  • 67 16 Reuter WALL STREET STOCKS fell sharply in early trading yesterday as some futures related sell programmes and profit-taking bit away at the market's longest blue chip rally. On Tuesday, blue chips posted their 13th straight session of gains, a record. The Dow Jones Industrial Average fell 12
    Reuter  -  67 words
  • 124 16 AFP REGINES CLUB, where Kuala Lumpur's rich and titled met to wine, dine and dance, has closed down after failing to pay some of its debts. High Court Bailiff Baharuddin Ahmad yesterday auctioned several tables, chairs, two cash registers and other furniture from
    AFP  -  124 words
  • 128 16 Bernama FORMER Malaysian premier Tun Hussein Onn said yesterday that he was "very hurt" at attempts to blame him for the huge loesee incurred by Maminco, the tin-buy-ing company which had entered the London tin market to shore up tin pricee. He said in Kuala
    Bernama  -  128 words
  • 223 16 Reuter THE WORLD'S leading rubber producers and consumer* plan to meet in Geneva from March 9 to 20 to negotiate a new International Natural Rubber Agreement, authoritative sources said in Kuala Lumpur yesterday. The United Nations Conference on Trade and Development, or Unctad,
    Reuter  -  223 words
  • 222 16 Reuter PRESIDENT Suharto yesterday stepped into a strenuous debate over the growing popularity of the traditional Chinese form of exercising known as Tai Chi, and ordered that it be given an Indonesian name. The debate, which one local newspaper called "A tempest in a
    Reuter  -  222 words
  • 207 16 Reuter CHINA yesterday warned of danger signals in the economy and communist hardliners emphasised the importance of central planning following the removal of reformist Communist Party chief Hu Yaobang. The official Economic Daily yesterday warned that China must cut consumer spending and that
    Reuter  -  207 words
  • 384 16  -  •y NAJEEB JARHOM BANK OF AMERICA (BofA) has placed its Visa credit card businesses in Singapore and Hongkong on the market. The sale is in line with the bank's new international strategy of cutting back on retail activities and focusing on its
    384 words
  • 126 16 Reuter A LEADING ECONOMIST Mid yeetorday that economic reforms under way In the Soviet Union should resemble the policy shift of the *****, when e large amount of state control passed into private hands. Qavriil Popov wrote in the Communist Party newspaper Pravda
    Reuter  -  126 words
  • Page 16 Advertisements
    • 26 16 THE ASIAN WALL STREET .JOURNAL Call Changi Distribution 747-5353 for subscriptions Chanai CHANGI INTERNATIONAL DISTRIBUTION SERVICES PTE LTD Sole distributor of The Asian Wall Street Journal
      26 words
    • 7 16 China moKmm mm IwiiitiniH ndM, Pag* 4
      7 words
    • 970 16 financial Management for Nsn-financial Managers Singapore, February 16-18,1987 At the end of the course, participants would be able to: understand and undertake the financial planning process. see the importance of the finance function in the management process and in relation to the organisation's objectives and corporate strategy. make better use
      970 words
  • Page 16 Miscellaneous
    • 47 16 wmm Outlook: Showars ovor aavaral Report for 24 hour* prior to 7.30pm on Jan 21 at tho airport Maximum tamparatura 30.5 Asaodatad humidity M Minimum tamparatura 24.7 Aaaodalad humidity 92 Hour* of sunahtna 4.70 Rainfall in milllmatras 0.2 Rainfall thla month 426.2 Rainy days this month 10
      47 words

  • SHIPPING TIMES
    • 109 17 Seatrade Week THE UNITED STATES Maritime Subsidy Board has approved a tonnage swap proposal between Lykes Bros Steamship and American President Lines. However, Waterman Steamship has objected to the deal. In its appeal to the Department of Transportation, Waterman said APL had emerged as the
      Seatrade Week  -  109 words
    • 362 17 Bernama THE KELANG PORT Authority (KPA) managed to handle almost the same volume of cargo last year as in 1985 in spite of the continuing recession. According to a KPA statement, cargo throughput dropped only 1.5 per cent from 12.5 million tonnes
      Bernama  -  362 words
    • 217 17 QUEENSLAND government officials are putting the final touches to what could be a ASI.S billion coal export and port/power station construction deal with Turkey. Known as the Seapac Project, it has been initiated by a multi-national consortium that includes the Japanese Marubeni.
      217 words
    • PORTSIDES
      • 203 17 Reuter THE FAR EAST Freight Conference (FEFC) is raising its currency adjustment factor (CAF) because of the weakening US dollar. CAF for Japan will be increased to 58.0 from 52.0 and for France to 20.5 from 16.5, effective Jan 24. A European area differential (EAD) of 3.35 should
        Reuter  -  203 words
      • 115 17 REEFER CARGO and liquefied gas h".ve been added to the list of designated cargo by the Korea Maritime and Ports Administration. Cargo which fall within the list including key commodities such as grain and crude oil, will have to be transported by suitable Korean flag carriers
        115 words
      • 81 17 AP THE ROYAL NAVY was ordered on Tuesday to intercept and sink an automobile off the Isle of Man. The white Ford Cortina, mounted on four floats for use as a missile range target, broke from its moorings in bad weather. A navy spokesman said
        AP  -  81 words
      • 107 17 Reuter A SOVIET drinking-water tanker rescued eight Africans who had been adrift in the Atlantic for three weeks and were dying of thirst, the newspaper Komsomolskaya Pravda said. Without specifying when or where the rescue took place, it said the Africans citizens of Sierra Leone and
        Reuter  -  107 words
    • 341 18 Reuter MERCHANTSHIPS sailing in the duty vfa cannot defend themt*tv<a modern weapons, but atnflUis to arffi the vdbia Adv make them directfcrtkripanil ifc the fightDutch- lArofey fxiert said in Klaas §e]f*geri managing director JmfheMßofterdambased Mfn ffch Smit Tak, told a en
      Reuter  -  341 words
    • 130 18 Opecna NDON6ltfM£li4tj4ft*d natuftl Market SR a "regular Basis'' jDiliMfyilhe arrival of an iniflbi luMt of about »0,000 Ihlph Arrived in 3oslorf lat&MMl ftofijh. ler Pertarninj' VtXlSras a 'mttasMnaJftl Indonesia* LNG originated rom the Bĕtorig gasfield in East Kalimalbn, which is opiated
      Opecna  -  130 words
    • 112 18 Reuter A HONGKONG cargo ship and its crew were being held in South China after an illegal shipment of cigarettes worth US$4BO,OOO was seized, a Hongkong newspaper reported. The pro-Beijing Ta Kung Pao said in a report from Shantou, in Guangdong province, that
      Reuter  -  112 words
    • 290 18 IN A BID to capture a large share of the freight traffic trade from the UK to the Continent, Tiphook Rail, the subsidiary of the Tiphook container and transport group, has ordered 175 wagons in a deal worth £10 million. It has more than double
      290 words
    • 160 18 THE PERTH-BASED Dawson Offshore Pty Ltd has gained a A 5600,000 contract to move the former HMAS Whyalla from BHP's Whyalla docks in South Australia, to a site 3 km away. It will then become part of the Whyalla maritime museum. The 800-tonne Whyalla,
      160 words
    • 705 18 AB Shpg V 5 Accord Shpg VI 3 Alltrans VII 3 Anro Service IV 2/3 AN I 1 1/2 ARC line V 4 API III 2/3 ASCI IN 1 Bolt-Canada line VII 4/5 Bait-Orient line VII 4/5 Bank line V 5 BBS II 4/5 Ben line Cont
      705 words
    • 1353 18 PERSISTENTLY firming rates remained a feature of the Atlantic bulk carrier market but few details of fresh fixing emerged on Tuesday on the London shipping freights market. Benge worked 79.000 tons of grain aboard an unspecified February loader from the US Gulf to Rotterdam at US$B.25 (fio) while
      1,353 words
    • 176 19 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf. Straits ports/Australia, Straits/Japan and the member lines: ACE (FAB 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
      176 words
    • 180 19 Bernama THE Ms7s million Kuala Perlis port project will only be implemented when the country's financial situation permits, Malaysian Deputy Prime Minister Ghafar Baba said. He said the Federal government realised the importance of the project to Perlis residents from the economic
      Bernama  -  180 words
    • 356 19 Seatrade Week THE INTERNATIONAL Council of Container Ship Operators, representing 29 of the world's largest ocean carriers, has petitioned the US Federal Maritime Commission to restrict the terms of cut-rate service contracts. which it claims have seriously damaged carriers' revenue generating ability. This
      Seatrade Week  -  356 words
    • 317 19  -  By KINGSLEY WOOD THE AUSTRALIAN stevedoring industry, which supplies labour for the loading and unloading of the 20,000 ships in the 35 national ports each year, pays more than As46o million in wages and other labour costs, according to latest figures. The stevedores handle exports
      317 words
    • 156 19 THE UNION and port authority of Vancouver disagree on what is the primary cause for the fall in container traffic. Vancouver Port Corporation blamed the 50-mile rule which reserves dockers the right to stuff containers with a 50-mile radius which have
      156 words
    • 193 19 SENATOR LINIE will launch its independent round-the-world service in April. The service will initially call at 15 to 16 ports every three weeks in Europe, US east east coast. Panama, US west coast. Far East and South-east Asia in both the eastbound and
      193 words
    • 205 19 Reuter THE WAH KWONG Shipping and Investment Co Group is raising new loans totalling US$25 million to finance two tanker deliveries from Japan, banking sources said. Japan Leasing Corp will grant the group a 1.67 billion yen 10-year loan for a tanker ordered from
      Reuter  -  205 words
    • 190 19 ALL SURVEYS are conducted on Jan 13 Argentina Buenos Aires 30 vessels operating. Australia Brisbane Normal operation. Melbourne Normal operation. Sydney Normal operation. Bangladesh Chalna 15 vessels operating; Chittagong 20 vessels operating. Brazil Santos Waiting time of up to 2 weeks. Cameroon Douala Normal operation. Chile Valparaiso Normal
      190 words
    • 7066 24 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      7,066 words
    • 1723 25 Who acts for whom The leading shipping lines operating from local ports and their agents A—B A Top Enterprise# Pte Ltd Same (S). AB Shipping Boustead Shpg Agencies Alee Line African Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK).
      1,723 words
    • 1321 26 AT CONVENTIONAL WHARVES < i B«n h Arrival Departure KEPPEL WHARVES Als Trust K16 alongside 22.01/0600 Auby K25W alongside 22.01/0600 Golden Harvest <36 alongside 26.01/1500 Hengshui <29 alongside 24.01/2300 Inobukwo <20 alongside 22.01/0600 <oheng <21 alongside 24.01/2300 Koto Ratu <30 alongside 2401/0600 Builder 3 <22 22.01/0700 23.01/0700
      1,321 words
    • 116 26 Area/Port |Kj viscMiiy Denally Water > CST at 50C G/ML at 15C Volume 0/0 V Africa/Red Sea 7 Jeddoh 109/184 0.944/0.971 0.1/2.5 Durban 50/150 0.974/0.994 0.0/0.5 Arabian GuW Ras Tanura 112/165 0.940/0.949 0.0/0.1 Bahrain 181/185 0.973/0.976 0.1/0.1 Europe Rotterdam 78/510 0.961/1.009 0.0/1.4 Hamburg 36/391 0.937/0.991 0.0/0.7
      116 words
  • Page 17 Advertisements
    • 655 17 it VUf\M A M AD SHE HAD A flUpi/iri ill power, she SUBSTANCE needed love. SHE WANTED rm REVENGE. 1 fjf A WOMAN OF W 1 SUBSTANCE V 4 Hut what is ihc price it she has paid? Available at all good bookshops WW/ Orient Ovhqeas Outturn* Line NORTH AMERICA
      655 words
    • 60 17 wm MERCHANT SHIPS sailing in the Gulf area cannot defend themselves against modern weapons. Page II THE INTERNATIONAL Council of Container Ship Operators has petitioned the US Federal Maritime Commission to restrict the terms of cut-rate service contracts. Page 111 Index tc advertisers London freights Port conditions II Shipping schedules
      60 words
    • 1224 17 Mammoth Hunters Jmhi M. Aiml CORONET BOOKS EAST AFRICA SERVICES FAST TRANSIT SINGAPORE-DAR ES SALAAM 18 DAYS SINGAPORE-MOMBASA 20 DAYS (ALSO ACCEPTING LCL SHIPMENTS) Th« week Lauat M CV 26/1 1500 MRS CFS 26/1 0500 MRS To California -US Gull -US Atlantic East Canac).. AM Water Servii ■702 27/1 M
      1,224 words

  • Page 18 Advertisements
    • 404 18 COMPAGNIE MARITIME D'AFFnETEMENT IgUIT JTWi i Scmttimim (Asrtws. SBSE: cV i H bdi taSiS 18 nn an an m w IW2 w A»Sa*ac< T»< 1 -'1 OCEANUS SHIPPING AGENCY PTE LTD #aaaß amson centre, wwom M 7 tel *****77 <io unes) TIX M J8446 MM. PAJb UWI CABLE: OtAOEMT Y,S.
      404 words
    • 375 18 EUROPE/FAR CAST CONVENTIONAL SERVICE TRANSPORT MALAYSIA SOU. BHD. TEL- 03-*****50 TLX: ***** MTM Frt. Booking contact Miss Gan LOG. FOR Further load/ discharging ports Singapore Agent Goodrich Martin an rout* sublet to sufficient inducement m Pta Ltd. Tat: *****35 Ttx: RS ***** QRMSIN Supercarrier Service PANAMA US WC/EC/GULF E. CANADA
      375 words

  • Page 19 Advertisements
    • 1005 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd STRAITS SHAPING Singapore to aioin, bsnwiK, Bninai Ports and Bangkok P&OQ.IH, P&O Containers Limited [•7i.tr 1 a> j fi»i .IKT fftWTWin BAY TOKYO MT LARGS BAT LIMRPOOL lAT DTt OF ED4MUI FRJMKFURT EXPRESS I*3 I*l knaukr ao an NMOBURG EXPRESS 2W
      1,005 words
    • 619 19 Franco Belgian Services (MFMBEB Of- ACE CONSORTIUM) I/V j V||T-I7r M«A» JACEJM la PI (UJm) IFA BFA UFA UFA IS FA 17 FA WM SCAS I ■PTWK CmTAL a Jaa filial) BFA 17 F«* UFA aFA BF* 24 FA ■aCATOt KOREAN CHANCE SFA (2 FA) BFA BFA BFA BFA IMr
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  • Page 20 Advertisements
    • 202 20 CONTAINERSHIP SERVICE TO UK CONTINENT COPENHAGEN. AARHUS, GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM CAJIIMEAN A t AMERICA CO N VENTIONAL/SEMI CONTAINER_SERVICE TO EUROPE CONTAINERSHIP SERVICE FROM UK,CONTINENT Agents ggMI?Singapore *****66 K. Lumpur *****2S Booking *****78 P. Kelang *****11 Freight *****00 CFS *****50 CFS *****48 Penang *****7, *****2 Terminal *****33 *****3 TTTimTT
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    • 591 20 JC.S.MjIne FULLY CONTAINERISED SERVICE r TO fUROPF VlA*TiJf7Tr^^ fm^ff Cons°#t Hjm NEPTUNE CRYSTAL 3M KOREAN CHANCE 3M CHINA CONTAINER M MERC AT OR CW S port P.Kalaa| 21/1 an i) w am 11/2 OT) U/2 (IW) FROM UROPf VIA SUEZ ,h ,cf Como»l.um P KtUnfSpo" NERCATOR 41E (29/1) 27/1 C.R.
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    • 231 20 Hai Sun Hup Co (Pte) Ltd TFI *****06 |?0 Lines) TLX RS ***** RS ***** Loading at appropriated Barth P4-P5 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG. TAIWAN ft CHINESE PORTS. SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION WTAKNMMUi: CAPRICORN WOBfT It BREAKBULK SERVICE TO EUROPE/UK SOCRATES im
      231 words
    • 981 20 EVERGREEN Full Container Service Round-Th®-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) EVU GRACE EVER GREET EVER GRADE EVER GOVERN EVER GIFTED EVER GENIUS EVER GARDEN 8? [URWAjyuWirrCIfrKCHSiaiITYOOWPUSKLCKSC SJ 42 W 17(2 I*2 m 2/3 4/3 *3 *3 3*3 1/4 2/4 S/4 *4 So 22 £2 52 7/3 *3 I*3
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  • Page 21 Advertisements
    • 695 21 r PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street, 03 00 Singapore 0106 Tel *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE I BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE 2225J KA HAWK SEA HAWK KA HAWK SEA HAWK RED SEA/EAST AND WEST AFRICA SERVICE CHINA SERVICE BANGKOK SERVICE
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    • 691 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT an 2*2 an an w 7/3 in m *4 V* *4 JH It UK «4 W EXPRESS CONTAINER SERVICE FROM UK/CONTINENT NAM B'HAVCN R OAM HAVRE STON PI LMWI Bay S«M S»le* Seilaß 22/1 an u/j car an aa hi u w FraaAfwl
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    • 436 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD SPECIALLY SCHEDULE FOR ALL OUR SHIPPERS TO LOAD THEIR CARGO BEFORE CHINESE NEW YEAR. MV. QAMOA OA MA VOY 17/WB SPORE BILBAO ADAJR/R'DAN H BURG nan w w 12/3 Bubfe* to Also
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    • 297 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loading for Rangoon S'pore P.KtUng Ponang Bangkok Vm Jan UJM LCM RAW VUI 27/» Jan PA AW VIM 2/4 FA JWI Jan PAGAN VIM 1002 Fab manoalayvw 22/23 Fab am Fab Loading far Europe V* BANK LINE CLYDEBANK VIM ANJOU VIN
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  • Page 22 Advertisements
    • 1151 22 i-.TW- 1 KU V* SPORE PKLG PNG IVSL a im a Jtn 30 lan I*j"K"line KAWASAKI KISEN KAISHA. LTD.— SPORE KOK GUAYAQUIL CAUAO ARtCA IQUIQUE AFACASTA S.ANTONIO VALPARAISO 1 Fab a Fab 7 MUr 15 M»f u -'Ti-.'' TIT Ft lOC* VII ■MIA VIS MOTHER VSL TVN VSL P.O.SPAIN B'TWN
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    • 592 22 'M AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCUFCL Container* ESTECUPPER Vll 5 Mar ESTECUPPER VIC 1 Tat H Jan' IfedrM/KaWii/Calcutti/C'CaiM PACIFIC WIST ARIA V.C-I a Jan Mndu Bomb*. C HANOI DAS V.ZJH J Fa* Crialu JwSirTothin SitfanisVL H£* UF KABIRDAS VCM a Fat CatMta/Baeen/CacMa ESnCUffQ V.U I Mar j Kar ilfttaiT'fi—nnfiflT
      592 words
    • 726 22 GOLDEN LINE GUAN GUAN SUPPING (PTE) LTD T«M »rr Sktrt sawrau 0104 m u«iMt in ues) STRAITS/PERSIAN GULF SERVICE: s-pn P Kaie* COL DC N HARVEST Cotomto/KindM/Outei/KuM* IN PORT GOLDEN HAVEN Cotombo/KandM/Muxat/Oohi 1/10 Feb CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA •nit GAO CHENG 21/1 KING CHENG
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    • 415 22 INTRASEA (PTE» LTD 10 Anson Road »?7 16 Internaliona' Pa/a Sirtgapc >re 0207 Tel *****1 1 |1C C.nesi BREAKBULK SERVICE TO EUROPE/UK M.V IMPORTER 1701 S'por* P. Mianf Lm<l torai\ 23/1 SETE/ROT/ANT/UKfItUU) Af M K% INTRASEA (PTE) LTD BOOKING 2MKU BtNTANC SHIPPING CO. SON. MO. 71*711 MNTANC SNIPPING CO. SON.
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  • Page 23 Advertisements
    • 746 23 \\NEPTUNE ORIENT LINES LTD* FAR EAST/EUROPE FULLY TO EUROPE/UK (VIA SUEZ): I ppuu, I n™ r port NEPTUNE AGENCIES PTE. LTD FE EU/AUST TPA/SEA Ttl No Offtc* Ttrmtrul CfS BOOKINGS 27W77 271S7SJ *****42 TMXn wrntw »w>q 27*5742 OR DIRECT LINES 27*111 WM 27MUI NEPIINE SDN. BHD. 3MH7 NEPIINE SON. BHD.
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    • 423 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG, BUSAN, INCHON Vaaaaf'i Nmm Spirt P.Kalanc •"•an do. icx**™ 2/2 w nolOamMUla I3fi No« Oman/Mill 17/2 21/2 4/3 No. I DaPPB 23/2 27,-2 lap No I Donim.TON SO M 20.3 No 7 DowvTtßN 14,3 17/3 SS No I
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    • 576 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P HUMS PBHK M/S SMARIKAT NAM SOON SON. RMO IST ANO 2ND FLOOR, MESSRS MAI TNON6 SHIPPING
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    • 55 23 Xli i.s/11/V Ta NIPPO BAKU V.U RIAU VJA YOSMI UM V.IIA SUN NOK VJA rai m) M. Mppa Hare V.4A will ha liaM 2UJ7 at Ma hre Thara w<H ha tartar mtmv altar W* tata. SMIMJSAWA MBSMIN ft ».T.Y. TFT* CO. PTE. LTD.. M. Cadi Staaat. iU-ta Gl MMta| fpara
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  • Page 24 Advertisements
    • 286 24 (fiff? REGIONAL CONTAINER LINES TO BANGKOK (4 SAILINGS A WEEK VESSEL SIRI BHUM SEA DRAGON IL^L'BLiL'J «YA BHUM RAT ANA MUM TW7T/ SEA DRAGON JENLINK TO SOUTH THAILAND VESSEL RATANA BHUM RATANA BHUM TO P.KELANG PENANG (2 SAILINGS A WEEK) innr^i jtt BUNGA BUTANG 'ilPinf! BFNGAI RAY CONTAINER FEEDER O
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  • Page 24 Miscellaneous
    • 155 24 ft > u *K m V I*4 m y LL?£ Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with speed in knot* Rain Cloudy Sky W.v^, Strhee «Ma are Indicated by arrows which fly with the wind
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  • Page 25 Advertisements
    • 241 25 w mm CALL US AT: K. LUMPUR P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE *****68/*****56/*****48/*****93 *****53 04-*****2/4, *****3 07-*****8. *****8, *****5 07-*****1, *****3, *****5, *****0 02-*****22 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE OTHER DESTINATIONS: AARHUS, AMSTERDAM. ANTWERP. BASLE. BREMEN. BREMERHAVEN. COPENHAGEN. HELSINKI. MALMO. OSLO. STOCKHOLM. UK. FROM EUROPE
      241 words
    • 470 25 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: SINGAPORE PORT KELAMC KOTA KINABALU TC. HANI CALICO SHIPPING PTE LTD T* 282W Tit: R3 SUS CALICO FAX: 2N871 PERKAPALAN UTAMA SON BMO Tel: JHUKA KESAWAN SHIPPING SON BNO Tat ZUSa (I Jincs) F*x: HMD RASA MUHIBBAH SON BHD T«i:
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  • Page 26 Advertisements
    • 167 26 K&S LINE JAPAN/HONG KONG/STRAITS SfcßVlUt Sport 2/2 3/2 «/2 15/2 U/2 TAIYO MARU PEARL STAR TROPICAL MARINA HOSE I MARU YUSHMU MARU LOADING FOR P. KELANC i PtNANG ON TAIYO MARU SANKYO LINE (S) PTE. LTD. 14 3 Cfcrf Street "10 01 G8 Burfdtnj Spat 0106 fH ??19?5S Pwt Hfljnj
      167 words
    • 459 26 S»«.p .pof Hf.Mifs Ra«M SIMI PUNK* SHIfPINt Pit III) M SfSIOSS <VM> i UN LIN SHIPPING PTE. LTD. I MMiiiii Read. |M Cwtral MMDm Road, |M Central BmMm •us. Tat: sbkml soma At£*.' SE c wC c N *c jCHcMG SflL Lin Petahng m Lin Petaling N <Jh3f^^Egi h Accepting
      459 words