The Business Times, 17 April 1987

Total Pages: 24
1 24 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 FRIDAY, APRIL 17, 1987 75 CENTS
    12 words
  • 191 1 Overseas markets Thursday HK Hang Seng Index 2721.12 27.50 Tokyo Nikkei Average *****.43 357.74) Sydney All-Ordinaries 1763.5 (-1.3 Wednesday New York (Dow Jones) 2282.95 (+29.97) London (FT 30 Index) 1515.1 8.4 1536.7 (noon, Thursday Simex DM (June)0.5532 (-7 Euro-$ (June) 92.99 9 Yen (June) 0.*****9 (-36 Pound
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  • 208 1 SHARE PRICES on the Singapore stockmarket edged up in fairly moderate trading yesterday. The Straits Times Industrial Index added 0.37 point to 1,095.13 while the BT Composite Index rose 3.42 points to 968.22. Rises led falls three to two. Total turnover stood at 36.48
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  • 387 1 ONCE IN A WHILE, a new share issue kicks up enough excitement to set the stockmarket ablaze. This Saturday's Personal Investment page in the Executive Lifestyle section of Business Times votes the Avimo share issue "hot stuff". Our analyst examines the "concept" behind the local issue that
    387 words
  • 483 1  -  By ALVIN TAY and MONICA GWEE BANK OF AMERICA is considering what action it should take against Standard Chartered Bank for the series of advertisements aimed directly at its Visa cardmembers. Mr L K Campbell, BofA's vice president and country operations officer, also told BT
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  • 593 1  -  Company to increase output and broaden product line By BOEY KIT YIN SEAGATE Technology, which turns out more than Ssl billion worth of Winchester disk drives a year in Singapore, is investing a further US$2O million to raise output and expand its product line.
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  • Page 1 Advertisements
    • 155 1 MT NICKEL CADMIUM Battery Systems for professional applications It's the best rate ,v in town" MAXI "Maxi-Save gives you the highest rate in town! "But is Maxi-Save a savings account or a current account, people keep asking me. "Answer is ifs both. Linked up. "Maxi-Save means we transfer your money
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    • 350 1 )<*=]?}[-(|~/^-<%[%<](!|?<>|-,* Manufacturing is back in school IN A DRASTIC DEPARTURE from conventional wisdom, a foremost business school in the United States of America has decided to train its MBA students to be masters of manufacturing technology as well. See Technology on Page 7 for the full story. Can tin take
      350 words
    • 68 1 EP4IOZ QUADRUPLE ZOOMING POWER A MINOLTA Power-enlarging to 4 times original size. Vitalis SUPER CONTROL For hair that keeps its style all day, get hold of Vitalis Super Control. With protein formulation to nourish hair and give it a fuller, thicker look. It's the extra control stubborn hair needs. PL
      68 words

  • HOME NEWS
    • 426 2 Seminars and courses DURATION TITLE VENUE ORGANISER TELEPHONE Apr 25 Bankruptcy, Winding-Up Pavilion InterDatasearch *****68 and Receivership continental Resources Apr 25 Maritime Arbitration Novotel Orchid Singapore *****26 Inn Institute of Arbitrators Apr 27 Innovative Marketing Sheraton Towers Heinz Goldmann *****66 and Cost-Saving Sales Sales Centre Strogegies Pacific Pte ltd
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    • 462 2  -  By ANNA TEO MEDICAL ADMINISTRATORS need to weigh the cost impact of bringing in new technology, Acting Health Minister Yeo Cheow Tong said yesterday. Breakthroughs in medical science are exciting but they often lead to new and costly equipment. Medical planners must therefore
      462 words
    • 475 2  -  By LIM SOON NEO PRESERVING Singapore's building heritage has thrown up an acute need for a pool of craftsmen and professionals to be trained in this area of work. For the past four months, the Construction Industry Development Board (CIDB) has been hard
      475 words
    • 424 2 TECHNICAL institutions have been urged to open their students minds to a wide range of possible careers. This would help prevent a mismatch in the job market, said Dr Tay Eng Soon, Minister of State for Education and Chairman of the
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    • 179 2 ALL IS NOT lost for the Ju Ming sculptures. The Registered Tourist Guides Association of Singapore has offered to help the National Museum, Trans-Is-land Bus Services and the Supporters of the Arts in Singapore meet the short- fall of $40,000
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    • 375 2 NIGHT WORK does not cause ill effects but rotating shifts might, according to a study by the Labour Ministry. In fact, night workers generally take less sick leave than day workers. The study covered 486 workers who did night work for at least
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  • Page 2 Advertisements
    • 202 2 r r France at The Belvedere f IP' ;-Zh\ Londi Cf ■rk Iff. J 3®! 4 j i fd* fe"fWfc4Ul£ vDusseldorf oLeipz Dresderp GERMANY v c®fe b r'^ V Munich 0 W F- v" 1 -^y^ -X:w jfcy A "<,*j -< of pu^ini *CHt>f Venicr > L* Gijdn g O
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  • ASIA – PACIFIC
    • 138 3 AP HONGKONG was the world's biggest exporter of clothing, toys and games in 1986, the government reported on Wednesday. The British colony of 5.5 million people also was the sec-ond-biggest shipper of household fans, after Taiwan, and the third-ranking exporter of watches,
      AP  -  138 words
    • 141 3 Reuter HO CHI MINH City, the centre of economic reform in communist Vietnam, has given factory managers new powers to boost production, borrow funds abroad and even hire exiled Vietnamese as business consultants. The official Vietnam News Agency (VNA) said last night
      Reuter  -  141 words
    • 476 3 Reuter CENTRAL BANK Jose Fernandez has said a moderate rise in export earnings, a sizeable balance of payments surplus, an increase in foreign reserves and a stable peso-dollar rate have positioned the Philippine economy for recovery. In a report to President Corazon
      Reuter  -  476 words
    • 255 3 Bernama THE IMPROVEMENT in the Philippines's balance of payments coupled with the insufficient projects to be financed could reduce by 25 per cent the amount requested under the 14th yen package to between 50 billion yen and 60 billion yen, according to a
      Bernama  -  255 words
    • 746 3 Fears that things may get out of hand NYT SOME JAPANESE economists and currency traders have voiced deep concern that a continued fall of the dollar could harm both the Japanese and American economies. They said further decline could discourage Japanese investment
      NYT  -  746 words
  • Page 3 Advertisements
    • 92 3 Tlie Ultimate French I^aM. UTA, the French Airline, flies to Paris three times a week, great cuisine,like great wines, can travel well.The French,it is said, The more discerning traveller will find that our Galaxy Business know how to live. They also know how to fly. Ask your Class is the
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  • Page 3 Miscellaneous
    • 50 3 Doonesbury m 53 c it m A U SURE! LOTS OF GENTS ua S t MHO COME HERE LOVE I TOPANCS, BUT THEY 1 PONT HAVE ANV FLAIR, you GOT FLAIR. TVs j=-\ BEEN A REAL^T^ Isi wu m X '/JIJUL ISS BY GARRY TRUDEAU m s3g 'fjjm Jk M
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  • REST OF THE WORLD
    • 454 4 NYT THE US ECONOMY, after performing better than expected during the first few months of 1987, is showing signs of fragility The government reported on Wednesday that industrial output in March posted its biggest decline in 10 months and that retail sales, excluding cars,
      NYT  -  454 words
    • 440 4 Reuter A HESITANT South African economic recovery, fuelled by rising gold prices, has tended to obscure the impact of western sanctions, economists in South Africa say. Despite growing isolation following trade sanctions and a rise in multinational companies withdrawing investments. South Africa's economy is showing
      Reuter  -  440 words
    • 171 4 AP AMERICAN businesses had planned to increase spending on expansion and modernisation by 1.8 per cent this year, following a big cutback in 1986, the government reported on Wednesday. Analysts said the slightly improved outlook was consistent with a belief that US companies
      AP  -  171 words
    • 220 4 Reuter A MASSIVE transport strike on the eve of Spam's four-day Easter break dealt a heavy blow to the country s US$lO-billion tourist industry. Wednesday's 24-hour stoppage at the state airlines Iberia and Aviaco, the railways Renfe and Transmediterranea Ferries forced half a million
      Reuter  -  220 words
    • 270 4 FT MOUNTING political and economic problems have forced President Jose Sarney of Brazil to cancel indefinitely a 10-day official visit to Angola. India and China, scheduled for next month. The decision came as officials prepared on Wednesday to release new inflation figures showing price rises
      FT  -  270 words
    • 140 4 AP THE VATICAN'S assets are estimated at 730 billion lire (US$56O million), the topranking Vatican official for economic affairs has been quoted as saying. Cardinal Giuseppe Caprio told Italy's largest economic daily, II Sole-24 Ore. that the total included real estate and securities but said
      AP  -  140 words
    • 110 4 AP MORE than 900 people wearing suits and ties risked sweat-stained pinstripes to compete in the first "Wall Street Rat Race", a 4-km mile run through the financial district on Wednesday. "I think it's a great way to get people involved,'" said Frank McConville.
      AP  -  110 words
    • 957 4 ARRIVALS Operator Service Local From number time UA US805 0045 SFO/HKG FT FT71 0046 JFK/BOS/ORD/ ANC/NRT/ MNl/TPE SIA SQ4S 0605 MRU/CMB MAS MH601 0720 KUL KAL KE697 0815 SEl/MNl MAS MM68I 0820 KUL SIA SQ43 0850 DHA/KHI MAS MH81 1 0910 PEN MAS MH671 0920 KUL SIA
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  • Page 4 Advertisements
    • 110 4 Mil Lufthansa and United Airlines together offer Singapore travellers the greatest choice of around the world itineraries at a very affordable price. Discounts for children are available. Lufthansa s 14 North American gateways, European network, and fastest service between Singapore and Frankfurt, combined with United's extensive transpacific network, make an
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    • 62 4 I II A \l\ I The business person's choice every I I II I I II II I Tuesday, Saturday and Sunday I JK w\ I m\ Al Leaving Changi Airport at 22 05 X— IJ—y, J, _L hours and ar'ivmg HeatTov. a f 06 45 hours the following Call
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  • MONEY AND EXCHANGES
    • 948 5 SINGAPORE: The US dollar was firmer yesterday against most major currencies in active late trading, but closed below the day's highs. The dollar's early firmness followed comments by US Treasury Secretary James Baker that he wants to see the yen/dollar rate stabilised at current levels and the G-7
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    • 218 5 Interbank rates at 3pm yesterday: CmrtndM Nomfc Ml rale* Bid Oiler croee parity cftange Local dollars to one unit of foreign currency: US dollor 2.1365 2.1375 2.8196 -24.22 Sterling pound 3.4686 3.4724 7.3469 -52.79 Australian dollar 1.5169 1-5198 3.4286 -55.76 NZ dollar 1.2338 1.2370 3.4286 -64.01 Canadian dollar
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    • 230 5 PERIOD ASIAN dollar deposit rates yesterday closed lower than opening levels due to lending interest in thin afternoon trading. Asian dollar CO rates ended little changed at easier opening levels in quiet afternoon trading. One month closed at 6.75/65 per cent, three months at 6.90/80 and six
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    • 188 5 Indicates the average of the prime lending rates of 12 ma (or banks In S'pore Interbank market rates (offer/bid) on April 16 us$ DM SWFC Yen 7 day* 6 1/2 3/8 9 11/16 9/16 4 3 7/8 11/4—1 4 1/1 4 1 mtft 6 3/4 5/8 9
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    • 594 5 JUNE Eurodollar gapped up strongly yesterday morning on US Treasury James Baker's remark that a further decline in the dollar would be counter-produc-tive. Profit-taking and position squaring before the long weekend saw the June contract backing off to close at 92.99 June US Treasury bonds opened almost unchanged from
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    • 114 5 THE OVERNIGHT rate on the Singapore interbank market rose point to close at 4 per cent yesterday. The one-month rate gained point while two and three months each gained 14 point SS Interbank rates at 7pm yesterday: OH* Kd Overnight 4 3 3/4 1 -monffc 3 7/« 3
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  • BANKING AND FINANCE
    • 242 5 Bernama ES INSURANCE companies should stop providing guarantees to loans taken out by their clients, Finance Minister Daim Zainuddin has said. In view of this, he said the director-general of insurance has been requested to direct all these firms to stop from doing
      Bernama ES  -  242 words
    • 358 5 AFP VIETNAM has reversed its policies on people holding and changing foreign currencies, a newspaper reported in Hanoi on Wednesday. The Hanoi Moi daily reported that people could from Wednesday exchange foreign currency at a preferential rate at the Vietnam Foreign Trade Bank without
      AFP  -  358 words
    • 405 5  -  By ALVIN TAY Banking Correspondent MAJOR financial institutions in Singapore are expected to play a prominent role in the Bank of China's maiden US$2OO million floating rate notes (FRN) on the Asian dollar bond market. Oaiwa Singapore, the leadmanager for the
      405 words
    • 128 5 THE AUTOMATED teller machine (ATM) card of the United Overseas Bank group will take on a new look from April 20. The new Unicard features a centre strip in silver grey supported by grey borders with an overlay of dark grey horizontal stripes on
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    • 252 5 Reuter ARGENTINA'S Economy Minister, Juan Sourrouille, has said that Washington helped turn the tide in his country's quest to refinance much of its foreign debt. "We have entered a new phase in the management of the debt problem internationally," Mr Sourrouille, speaking
      Reuter  -  252 words
  • Page 5 Advertisements
    • 114 5 Commercial Singapore Central Business District FREEHOLD OFFICE FLOORS FOR SALE w -o L -O MA/ yC\T The owners of a prime freehold office development site are now seeking expressions of interest from companies wishing to purchase whole floors or part floors in this proposed new 14-storey freehold office tower. Freehold
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  • COMMODITIES
    • 408 6 Minister urges investment in plantations Bernama ES INDIAN industrialists should invest in Malaysia s plantation sector, Primary Industries Minister Datuk Dr Lim Keng Yaik told a visiting delegation of the Federation of Indian Chamber of Commerce and Industry (Ficci) on Wednesday. Datuk Dr Lim said they
      Bernama ES  -  408 words
    • 146 6 AFP INDIA s state-owned Minerals and Metals Trading Corporation (MMTC) has reported a 31 per cent jump in exports to US$7O5 million during fiscal 1986-87 Profits on exports during the year which closed on March 31 rose by 14 per
      AFP  -  146 words
    • 347 6 Bernama ES MALAYSIA produced an estimated 289.300 tonnes of crude palm oil (CPO) in March this year, up 6 81 per cent over the previous month, according to the Palm Oil Research and Licensing Authority (Porta). The estimated output from Peninsular Malaysia
      Bernama ES  -  347 words
    • 400 6 Crude palm oil futures finished barely steady in lacklustre and sluggish trading on the KLCE yesterday. Final turnover was 130 lots. May was up Msl at M 5743 per tonne while June rose Ms 3 to close at M 5739. July was Ms 4 better at M 5737.
      400 words
    • 280 6 T, i i jj Cmim* m at Oto ar 1 »i ar Cop»o i M M P*pp*< «s»»— »0* M •>00 00 So- o-a« m+*m KM 'oq Nl M 'OCSOO So-o-o* iptciol Wort FO# NIW ***** Sorowok Alto Wort FOI NIW 1030 00 Iompong block FOB Asto NIW
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    • 96 6 FUEL OIL and gas oil remained stable with reasonably good buying interest. Kerosene stayed static but the near-term outlook remained weak. Naphtha firmed on active talk while Low Sulphur Waxy Residue weakened with limited interest and fresh business at lower prices. Crude (FOB origin) USS barrel Change
      96 words
    • 294 6 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 201.50 202.50N 202.00 203.00N lot 1 RSS May 87 199.00 199.50 199.50 200.00 Int 1 RSS Jun 195.00 196.00 195.50 196.50 lot 2 RSS OP 185.50 187.SON 186.00 188.00N
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    • 110 6 THE PRICE OF TIN on the Kuala Lumpur tin market yesterday rose one cent to close at M 516.65 per kilo after a short trading session. The market ruled quiet reflecting the quietness in the overseas markets. A final 54 tonnes was reported. The steadiness was due to
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    • 330 6 London Commodity Exchange Buyer/Seller dosing prices on April 15 (£/tonne unless specified) Previous day's closing prices in parenthesis Coffee Basis in-store London, sellers option CIF London May 1306/1308 (1305/1310) High/Low 1324/1304 July 1326/1328 (1322/1323) High/Low 1340/1323 Sales (4465 Cocoa May 1294/1295 (1294/1295) High/Low 1298/1291 My 1325/1326 (1323/1324) High/Low
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    • 291 6 HONGKONG: Gold closed lower in fairly active trading mainly in reaction to the strength of the dollar. Dealers said gold now needs a technical correction after its recent dramatic rise. The metal ended at US$439 75/USS44O 25 an ounce, near the day's high on short covering by local
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    • 92 6 WHEAT FUTURES on the Chicago Board of Trade closed from 3-1/2 to 4-1/2 US cents a bushel higher on Wednesday, off the day's highs, with spot May at US$2.B5-1/4. Corn futures held opening losses and closed 2-1/2 to 4-1/2 cents a bushel lower, with spot May at US$l.6B-1/2. Hedge
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    • 100 6 SOYBEAN FUTURES on the Chicago Board of Trade held opening losses and closed 4-1/2 to 8-1/4 US cents a bushel lower on Wednesday, with spot May at US$5.l3. Heavy cash movement overnight coupled with early cash price protection encouraged selling. Professionals and com- mission houses were on both sides
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    • 198 6 SINGAPORE The market closed slightly higher yesterday with May 1 RSS buyers quoted at 199.50 cents/kilo, up 0.75 cent from Wednesday On the TSR-20 market, prices were hardly changed TSR-20 May and June closed unchanged at 165 50 cents/kilo. The market will be closed for the Easter holidays and
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    • 92 6 (cents /kg, 1-ton pollen) MAY 87 JUNE 87 (current month) (forward month) NOON NOON RAS Buyers Seller Buyers Sellers SSR 20 172.50 174.50N 172.50 174 50N SSR 50 171.50 172.50N 171 50 172 50N MRELB Buyers Sellers Buyers Sellers SmR cv 240 50 242.50N 241 50 243
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  • Page 6 Advertisements
    • 480 6 NOTICES In the Matter of The Companies Act, Cap 185 And In The Matter of TRUSTY INVESTMENT PTE LTD (In Voluntary Liquidation) Members' Voluntary Winding Up. At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 10 Collyer Quay #11-01 Ocean Building. Singapore
      480 words
    • 392 6 NOTICE OF MEETING IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 79 of 1986 In The Matter Of THE COMPANIES ACT (CHAPTER 185) And In The Matter Of LAKE-GARDEN FLOATING RESTAURANT COFFEE HOUSE PTE LTD Take notice that a meeting of creditors in the above
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    • 578 6 CHOP SENG FATT TRADING PTE LTD NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN pursuant to Section 296 ol the Companies Act. Cap 185 that a meeting of the creditors of the abowenamed Company will be held at 36 Robinson Road City House. Singapore 0106 on 27 April 1987
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  • TECHNOLOGY
    • 407 7 NYT AN lOWA scientist has created a sort of anti-rubber, a new material that behaves in a way that most scientists have long considered impossible. If it is stretched in one direction, it expands in every other direction. If it is squeezed from top and
      NYT  -  407 words
    • BITS & BYTES
      • 136 7 A DESIGN by the British Post Office to handle parcels has won more than 80 orders worldwide worth £500,000. Its engineers have invented a spiral chute designed in such a way that objects, no matter their size or weight, slide down at
        136 words
      • 136 7 ROBOTS may be soulless machines, but at least this one comes with a heart. In fact, it also comes with a pair of eyes, lungs, a kidney, a pancreas and other human-like organs. Standing in front of a hotel in Tokyo, the robot is not
        136 words
      • 140 7 AP A FRENCHMAN who invented a better light bulb won first prize out of some 1,000 entries at the 1987 Geneva International Invention Fair. Jean Fritsch, 42, a banker from the Strasbourg area in eastern France, invented a magnetic electric light bulb which
        AP  -  140 words
      • 136 7 FOR THE SECOND consecutive year. Tandem Computer has won an industrial design award from the prestigious Hanover Fair. The award is given to the American company's NonStop VLX mainframe computer, the high end of its line, and the NonStop Ext 10/25 system. The products were
        136 words
    • 558 7 MIT sets the pace for marriage of engineering and management AFTER THREE decades of neglect, manufacturing technology has again become fashionable among MBA students at least among those attending Massachusetts Institute of Technology s Sloan School of Management. Come July 1, Sloan will acquire a
      558 words
    • 345 7  -  By BRIAN GOMEZ SUCCESSFUL local sales of a computer information storage system have led the US parent company to make Singapore the service centre for the entire Asian region. Singapore is the largest single foreign market for the Bernoulli Box Plus", a mass
      345 words
  • Page 7 Advertisements
    • 211 7 Tax-free shop six steps forward. Shower two steps back. Bank five steps further. V "im DEPARTURE v v J-\ wiwl £S'i j to* Ssssfc'i ,:Jr Bi?*l 11 i m i 1 f: •ii x VS# 1 X' I > HI 2 i Hi mhh I ~v I R B 2£
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  • FEATURES
    • 536 8 FRIDAY is a very special day Not just today, when Catholics and Christians mark Good Friday. Friday is the day many people look forward to at the start of each week. On Fridays, moods brighten and smiles broaden but the effects wear out three days
      536 words
    • 1052 8  -  Many major tin producers are finding it difficult to adapt to the new demands of free market pricing following the collapse of the tin price in October 1985, according to Roskill, a London firm of commodity analysts. Evidence points to the tin producers'
      Bernama; Source: Bank Negara Malaysia Quarterly Bulletin (Dec 1986 Vol 1 No 3)  -  1,052 words
  • Page 8 Advertisements
    • 89 8 V V •>. planning "All work and no play makes Jill a dull girl" and dull people don't make it to the top of any heap. Lifestyle is of crucial importance for all executives who realise that a healthy mind works better in a healthy body. To help executives plan
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    • 17 8 PLAYGOLF THE SEVVY WAY Tighten-up your game Let Sevvy Ballesteros show you how In BT every Tuesday.
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  • Page 8 Miscellaneous
    • 682 8 CRYPTIC PUZZLE ACROSS 4 Choose only some leaves to preserve! (6) 7 The sort of time one has when stony (4, 4) 8 Stated differently, it means being tried (6) 10 College girl (5) 13 Cut grand timber (4) 14 Weight used in a ski lodge (4) 15 Would it
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  • SPORTS
    • 444 9  -  By WALTON MORAIS THE PROFESSIONAL GolfersAssociation of Singapore yesterday resolved the controversy over selection of the Republic's Dunhill Cup team by announcing the re-instatement of Lim Swe Chew and M Marimuthu to the team. Swe Chew and Marimuthu. who were originally picked for
      444 words
    • 319 9 Reuter TOP SEED STEFFI GRAF crushed unseeded Bettina Fulco of Argentina 6-0, 6-1 on Wednesday to advance to the quarter-finals of the US$3OO,OOO Women's International Tennis Association championship in Florida. The 17-year-old West German sensation, now ranked second in the world, needed just
      Reuter  -  319 words
    • 219 9 Reuter SEVERIANO BALLESTEROS, who lost out at the first extra hole after tying in the US Masters last Sunday, has called for 18-hole play-offs in all major championships. Back in Europe for the start of the Cannes Open yesterday, Ballesteros said: "It
      Reuter  -  219 words
    • 362 9 AFP JOHN McENROE, who two years ago vowed that he would never appear in another British tournament apart from Wimbledon, is to play in the Scottish grass courts championships in June. The former world number one has given the event a massive
      AFP  -  362 words
    • 254 9 UPI DENNIS CONNER has said that he would lose his competitive edge if his hometown of San Diego is chosen as the site of the next America's Cup races. Conner, who defeated Australia earlier this year under the flag of the San Diego
      UPI  -  254 words
    • 587 9 UPI WHEN SOVIET ATHLETES crossed the line to commercialism by accepting their first sponsor contract, they didn't do it for the money, a Swedish agent says. "The Russians don't need sponsor money. But the opponents wear ads on their jerseys and the Russians want to look
      UPI  -  587 words
    • 544 9 UPI AFTER HITTING more than two million golf balls in a remarkable career, Sam Snead reasons he now can tee them up with his eyes closed. At times, that is just about what he does Snead has had trouble seeing with his right
      UPI  -  544 words
    • 253 9 ON THE DAY that the promoters were announcing Etsuko Inoue's participation in the Carlsberg Singapore Women's Open championship this month, the Japanese girl was making waves in the Japan Open in Tokyo. The Japanese No. 1 thumped world No. 18 and top
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    • 213 9 UPI MIKE SMITHSON pitched six hitless innings and Dan Gladden scored three runs on Wednesday to lead the Minnesota Twins to a 5-2 victory over the Oakland Athletics in Oakland Smithson. 2-0, held the A s hitless until Carney Lansford led off the
      UPI  -  213 words
  • Page 9 Miscellaneous
    • 1200 9 w zm mm HOLIDAY NIGHT MOVIE Only When I Laugh 10.30pm, Channel 5 Marsha Mason (right) and Kristy McNichol star in this Neil Simon play about an alcoholic actress who comes out of rehabilitation to an estranged relationship with her teenaged daughter. James Coco, Joan Hackett and David Dukes also
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  • INTERNATIONAL STOCKS
    • 266 10 Reuter A UK JUDGE has ruled that an agreement under which Guinness PLC director Thomas Ward received £5.2 million for his part in its takeover of Distillers Co PLC was unlawful, the UK news agency Press Association said. He continued court orders freezing assets of Mr
      Reuter  -  266 words
    • 147 10 Reuter AMERICAN EXPRESS CO has said Nippon Life Insurance Co has completed its previously announced purchase of 13 million preferred shares of its Shearson Lehman Brothers Holdings Inc unit for U*****.2 million. As previously announced, the cumulative preferred stock will have a 5
      Reuter  -  147 words
    • 82 10 Reuter COCA-COLA Co, which earlier reported first quarter net profit rising U*****.4 million from year-ago U*****.2 million, looks forward to continued strong performance in the remainder of the year. It said first quarter results continued growth mo- mentum from 1986 in market share, unit
      Reuter  -  82 words
    • 372 10 Reuter WALL STREET STOCKS closed higher on Wednesday in active trading as a firmer dollar and rising bond prices provided the impetus for buying in a market still worried about inflation and interest rates. Technology stocks and oil issues provided much of the
      Reuter  -  372 words
    • 169 10 APR IS C S Abitibi 36 Alcan Alum 53% ->-% Algoma Stl 16* Bank Nova Scotia 18% unch Bank 04 Montreal 34 Ball Canada 41 Bp Resources 40% Brascan CI A 37% Campbl Lake 41% -2% Canadian Imp Bank 21% -2% Canpac 23% Carting O'Keete 17% unch Cn Bthrt
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    • 256 10 APR 15 RANO +1• MOUSTRIALS A Alpha 1625 -25 Abercom 350 urtch Aeci 1900 50 Amaprop 535 unch AMIC 6650 50 Barlows 2425 unch C G Smith 3800 unch CNA 420 Currie Finance 520 unch Edgars ***** Fad Votk 265 unch Fugit 810 unch Hi veld 665 unch Lib
      256 words
    • 646 10 APR IS US t h Alcan Alumin 40% ♦1% Alcoa 45 Aiieg Intl 24% unch Allied Sig 44% Alhs-Chalmers 2% Am Brandt Inc 45% Am Can Co 43 Am Cyanamid 89% Am Elec Pwr 27% 1% Am Expr«M 68% Am Horn® Prod 64% unch Am Motors Cp 4%
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    • 897 10 Amsterdam APR IS FLS ABN 516 00 4-4 Aegon 91 10 0 5 Ahold 106 20 07 Mm 136 30 13 Alrenta 145 90 ♦01 AMEV 66 00 ♦18 Amro Bank 82 50 1 Ass Stad 126 00 -1 Barfcel 19 ♦0 3 BOLS 157 00 -2 Borsumn
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  • Page 10 Advertisements
    • 146 10 vi ■Jf -t^BsfSßSm m iir.s> 9 fefi <- at the Royal Holiday Inn Singapore April 18 Dian Xin at the PHEASANT ROOM (2nd floor) from 11 am to 3pm 3-course set lunch and dinner for $10.90 and $15 per person respectively at the CAFE VIENNA. April 19 HAPPY EASTER! BARON'S
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    • 73 10 w I A superb lunch experience with a grand variety of home made soups, the largest salad bar, fresh seafoods, succulent meats, savoury poultry and delightful desserts. A complimentary aperitif for all patrons. The Manhattan Splendour a superb choice at only $24.50*. *Subject to 10% service charge 3% govt tax.
      73 words
    • 83 10 ALL YOU WANT V U Jll L* w f% So 80 per person Lunch: 11 am to 2.30 pm dail Sundays Public Holidays: 8 am to 2.30 pm s^c^o»w 181, Kitchener Road. Singapore 0820 Tel. *****22 SERVED DAILY PEKING STEAMDOAT BUFFET UfflCH m oer persons. dinner $12+ 1,30am-2 30pm 30^-^3o^
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    • 96 10 (I i JOHNNIE WALKER B/L COURVOISIER XO PROMOTION AT THE HERITAGE BAR For every purchase of Johnnie walker B/L (s9o++) or Courvoisier XO ($195 Nett), you'll get an exclusive gift and hot snacks FREE! Fashion Show on 28 April at 8.15pm. FUR AMA "IP SINGAPORE HOTEL 10 Eu Tong Sen
      96 words
    • 199 10 London stocks on Page 13 I s With the dynamic Melody Band from 5 the Philippines. At The Lounge daily except Sundays. Bpm—lam. with an extra hour on weekends and eve of public holidays. Happy Hours from 5-7pm daily. Third drink is free with every two similar drinks ordered./• Tyje
      199 words

  • ASIAN STOCKS
    • 481 11 HONGKONG: Prices closed sharply higher yesterday but off their peak early levels in moderate trading ahead of the long easter weekend, brokers said. The Hang Seng Index rose 27.50 to end at 2,721.12, after gaining some 44 points in the morning session. The Hong Kong Index climbed 18.04 to
      481 words
    • 300 11 APR IS NT All Sincere Indus 499 -0 26 Asia Cement 43 30 -03 Cathay Cons 52 00 -2 Chang Hwa Bank 77 00 -3 Cheng Loong 44 90 -1 8 Chia Hsin Cement 39 30 -11 Chin Hsin Floor 17 00 -04 China Chem 29 20 -09 China
      300 words
    • 146 11 SYDNEY: Australian share markets closed barely steady yesterday as selected bargain-hunting among industrial stocks and large gains by BHP helped stem the market's losses. Falling gold prices overnight saw overseas support for local gold stocks fade and sentiment was further eroded as bullion eased another US$4.OO in local trade to
      146 words
    • 467 11 TOKYO: Share prices surged to a record close in heavy trading yesterday as the US dollar rose sharply against the yen and after government moves to pass an expansionary budget on Tuesday triggered widespread buying. The market average soared 357.74 points to a record closing 23,868.43. The previous record
      467 words
    • 132 11 APR 1« WON Cheil Sugar 3070 unch Oaelim Ind ***** unch Daewoo Corp 1055 7 Daewoo Heavy 1290 -16 Daishin Securities 3770 -70 Dong Ah Phar ***** unch Dong Suh Stock ***** 10 Dongbu Steel 2250 unch Gold Star 1770 -20 Hanil Bank 1250 15 Haml Cement ***** 100
      132 words
    • 184 11 Reuter BANGKOK: The Stock Exchange of Thailand Index rose 0.59 to 220.82 on a turnover of 2,091,615 shares worth 331 million baht. Reuter Manila market was closed, Sydney prices were not available APR 1« 8AHT 1Ao Kham Thai Ayudhya Investment 300 •6 Bangkok Agro-lnd 90 50 unch Bangkok Bank
      Reuter  -  184 words
    • 332 11 Reuter TAIWAN'S stock market, buoyed by rising exports, an influx of foreign capital and a glut of idle funds, is heading towards a 25-year record Market analysts in Taipei said the stock market index was likely to reach a new high of
      Reuter  -  332 words
    • 68 11 Reuter BARCLAYS PLC plans to make equity offerings in Japan and the US. It has filed a registration statement with the Japanese finance ministry for an offering of 20 million ordinary shares in Japan. Yesterday it also filed a registration statement with the US Securities
      Reuter  -  68 words
    • 330 11 M5467.5m for failure of steel-making furnace AP NIPPON STEEL CORP of Japan has paid a Malaysian governmentbacked company M 5467 5 million in compensation for failure of a steel-making furnace, an official said on Wednesday. Jamil Jan. the chairman of the Heavy Industries Corp of
      AP  -  330 words
    • 297 11 Reuter SAN MIGUEL CORP has agreed to sell 13.19 per cent of its outstanding stock to Bond Corp Holdings Ltd. because Bond's offer of 150 pesos per share for 14.3 million shares was the best "The Bond offer is superior to those
      Reuter  -  297 words
    • 58 11 THE MANAGING director of the Hongkong arm of Bond Corp Holdings, David Paterson, has resigned and will be replaced by a senior executive of the parent firm, group chairman Alan Bond said. Mr Paterson would be replaced by an executive director of the parent firm, Peter Lucas,
      58 words
    • 113 11 Reuter KOK THAI ENTERPRISES Ltd has bought a portfolio of Hongkong stocks for about HK$96 million. A company statement said the firm planned a two-for-one stock split, after which it will make a one-for-one bonus issue on the subdivided shares and issue eight free warrants
      Reuter  -  113 words
    • 50 11 AFP JAPAN'S Mitsubishi Motors Corp has purchased New Zealand's Todd Motors Corp, acquiring 100 per cent of its stock. The New Zealand car maker is currently capitalised at NZ527.5 million. Under the agreement, Todd Motors will be renamed Mitsubishi Motors New Zealand from May 1.
      AFP  -  50 words
  • Page 11 Advertisements
    • 638 11 ma •M Wi I w m w 1 m m 1 m is /bp K* Paramount Hotoh Where the nappy people go W *r» COCKTAIL LOUNGE Experience a new and refreshing concept in cocktail lounge entertainment Experience The Gazebo The frontispiece of Paramount Hotel away from all the hustle and
      638 words
    • 196 11 kL i Peking Sichuan Restaurant HOKKIEN-PORRIDGE J£Vv» DINNER/SUPPER Buffet Style Choose from more than {HP7OO+ 20 appetizing dishes. Eat all you can for only M 00++ Dinner/Supper Time: 7pm 3am K 10% service charge 3% government tax not included. mawshiq. S!IHO9WL f 9 Caimhill Circle. Singapore 0922 7>r *****98 *****22
      196 words

  • SHARE INFORMATION
    • 4272 12 SHARE PRICES on the Singapore stock market closed on a mixed note ahead of the long Easter weekend Again, attention focused on Malaysian issues. Profit takers and bargain hunters continued to be active on the trading floor yesterday. In the absence of
      4,272 words
    • 258 12 SINGAPORE Rises Indices 1 c s 1000 ♦40 Apr* 15 Apr* 16 fas 715 20 6T Cofflpoa** 964.80 968.22 Fadarol Hour 388 IS •T08/0S -285 *204 lion Corpn 333 16 8TCAO -6283 -6268 c c 314 16 8T 10-tfoyMA -6351 -6331 tortmora Mate 680 15 8T08V *****2
      258 words
    • 3805 12 BID and offer price» officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "SETT".
      3,805 words
  • Page 12 Advertisements

  • COMPANY NEWS
    • 372 13  -  By LORETTA McLAUGHLAN LOSS-INCURRING Malaysian Resources Corporation Bhd has called in financial and management experts to help sort out its financial problems. The company announced yesterday it has appointed Kassim Chan Management Consultants Sdn Bhd and Arab-Malaysian Merchant Bank
      372 words
    • 462 13 Bernama SIME DARBY Bhd's sale of Benta Plantations Bhd to Gin San Sdn Bhd and United Malayan Flour Mills Bhd (UMF) is to rationalise and reorganise its operations, Kenneth Norman Eales, a director of Benta, said. He told an extraordinary general meeting of
      Bernama  -  462 words
    • 169 13 BELEAGUERED hotelier/financier Khoo Teck Puat has sharply reduced his shareholdings in Ming Court Hotel. The hotel company, now controlled by his long-time rival Khoo Kay Peng of Malayan United Industries fame, disclosed yesterday that Khoo Teck Puat sold 1.52 million shares on
      169 words
    • 499 13  -  By NAJEEB JARHOM OCBC-CONTROLLED Harimau Investments has managed to recover some money from its ill-fated $10 million Pan-El forward contract with defunct stockbroking firm Lin Securities. The closed-end investment trust, through its dealing unit Wilkie Securities, has agreed to accept $714,864 from Lin's
      499 words
    • 136 13 THE STOCK Exchange of Singapore has revised the seven all-share price indices to take advantage of the availability of more information. It will commence releasing the revised figures for future trading from Monday. The revised figures for past trading days will be included in a new edition of
      136 words
    • 503 13 THE KUALA LUMPUR stock market continued its bullish trend yesterday and share prices moved higher across the board in active trading. Fresh interest was seen in several lesser-favoured stocks and these put on impressive gains. Several favourites continued to attract buyers and these
      503 words
    • 125 13 HONGKONG Hongkong Index Thursday 1750 21 Wednesday 1732.17 Week ago 1789 86 Hang Seng Index Thursday 2721.12 Wednesday 2693.62 Week ogo 2785 47 All Industrials Thursdoy 2576 3 Wednesday 2575 5 Week ago 2639 2* NEW YORK Dow Jones Wednesday 2282 95 Tuesday 2252 98 Week ogo 2372
      125 words
    • 241 13 Managers' prices MARA-Bumiputra for April 17 First B'putro 624 629 Second B'putro 536 541 Singapore Unit Trust Third B'putro Fourth B'putro 438 504 443 509 The CMwra 1 OS 1 13 Fifth B'putro 315 3 20* Th« Savings Fund 090 097 Sixth B'putro 344 349 S'pore Prog Fund
      241 words
    • 977 13 SHARE prices yesterday opened higher, extending Wednesday's advance. Prices were boosted by the higher close on Wall Street and the firmer dollar, which rose after US Treasury Secretary James Baker said he wanted to see the yen/dollar rate stabilised. Sentiment was also boosted by an opinion poll which
      977 words
    • 2612 13 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Acmo 806' Ajinomoto 3226) Alcorn (7481 191 75 17)
      2,612 words
    • 472 13 Holiday Inn, Jalan Tunku Abdul Rahman, Kuching, Sarawak on Wednesday, April 29. at 11am. SELANGOR PROPERTIES Berhad: 25th AGM at 4th Floor, Wisma Perdana, Jalan Dungun, Damansara Heights, ***** Kuala Lumpur, on Wednesday, April 29. at 11am. SAMANDA HOLDINGS Berhad: 15th AGM at 10th Floor, Wisma Central. Jalan
      472 words

  • 384 14 Reuter US TREASURY SECRETARY James Baker, long the chief advocate of a weaker dollar, now wants the US currency's decline halted on the grounds that further falls could threaten global economic expansion. Speaking to the Japan Society in New York, Mr Baker
    Reuter  -  384 words
  • 670 14  -  Funds needed for expansion and debt servicing SOH TIANG KENG Financial Correspondent THE Export Credit Insurance Corporation of Singapore (ECICS) is likely to call on its shareholders to fork out $63 8 million more within the next two years
    670 words
  • 602 14  -  By LUCY NG THE OPPOSITION Maju Group in the Sarawak elections has reportedly sent two letters to Yang di-Pertua Negeri of Sarawak (Head of State) as a precautionary move to avoid a "Sabahstyle" crisis, that is, "to prevent any attempt at
    602 words
  • 332 14 MOTOR TYCOON Loh Boon Siew is offering a M 5500.000 reward for information leading to the arrest and conviction of the murderer of his adopted son, Loh Kah Kheng, in February. Datuk Loh, who is well known in Malaysia and
    332 words
  • 274 14 Reuter AP US SECRETARY of State George Shultz said yesterday a proposed medium-range nuclear weapons deal he outlined to Nato created a great opportunity for the alliance. "We have before us the prospect of a good INF (intermediate nuclear force) agreement." he told
    Reuter; AP  -  274 words
  • 51 14 Reuter THIS 13-METRE-HIGH and 13-metre-long sun chair was erected near a Swiss highway on Monday in a bid to set a world record. It was, however, dismantled the next day as police said it was distracting drivers on the road.
    Reuter  -  51 words
  • 132 14 Reuter THE TAIWANESE CABINET yesterday approved sweeping tariff cuts and the central bank allowed the local dollar to rise in moves to satisfy US demands that Taipei reduce its huge trade surplus. Vice-Finance Minister Ronald Ho said at a news conference in Taipei that import
    Reuter  -  132 words
  • 49 14 FILIPINOS ARE drinking more beer in a toast of confidence in the government of President Corazon Aquino, says a member of her Cabinet Beer sales went up by more than 25 per cent in the first quarter of 1987. said Economic Planning Secretary Solita Mansod
    49 words
  • 296 14 FIRST Oeputy Prime Minister Goh Chok Tong is to be given the labour movement's highest award, the Medal of Honour. According to the latest issue of NTUC News, a publication of the National Trades Union Congress, Mr Goh, who is
    296 words
  • 96 14 RETRENCHMENT continued on its downward path with only 375 unionised workers laid off in the first quarter, compared with 2,162 who lost their jobs in the fourth quarter last year. Figures compiled by the National Trades Union Congress indicated 29 unionised workers were axed last
    96 words
  • 84 14 UPI PRESIDENT Ronald Reagan has picked Deputy US Trade Representative M Alan Woods to be head of the Agency for International Development. Mr Woods, 41, would succeed M Peter McPherson, who is becoming Deputy Treasury Secretary, if he is confirmed by the Senate. He
    UPI  -  84 words
  • 70 14 Reuter WALL STREETS inflation and interest rate fears were soothed some more early yesterday, clearing the way for a further rise in stock prices US Treasury Secretary James Baker's warnings about a further decline in the dollar encouraged buying in a jittery market. The Dow Jones Industrial
    Reuter  -  70 words
  • LATE FILE
    • 66 14 AFP JAPAN s ruling Liberal Democratic Party (LDP) is prepared to force a vote on the 1987 Budget Prime Minister Nakasone is seeking a compromise with the opposition over his government s plans to introduce a sales tax. The parliamentary debate on the
      AFP  -  66 words
    • 43 14 Reuter COMMUNIST PARTY secretary and premier, Mr Zhao Ziyang, will give up one of his jobs at the 13th Party Congress, due to be held by October, Hongkong journalists have quoted Mr Deng Xiaoping as saying.
      Reuter  -  43 words
    • 50 14 Bernama MALAYSIAN Deputy Prime Minister Ghafar Baba yesterday said the government had enough money to pay the salaries of civil servants. He explained that civil servants were given their salaries later than usual two or three months ago because of technical problems. Bernama
      Bernama  -  50 words
    • 52 14 Reuter HONGKONG will remain unchanged for 100 years after returning to Chinese control in 1997 as long as the Communist Party remains in power in Beijing, a member of a committee drafting a post--1997 constitution for the British colony quoted Chinese leader Deng Xiaoping as
      Reuter  -  52 words
    • 36 14 Reuter US CONGRESSMEN, visiting Tokyo for talks with Japanese officials, yesterday warned Japan that delay in freeing its markets for US goods and financial services would ensure further trade sanctions. Reuter
      Reuter  -  36 words
    • 53 14 AP SOVIET LEADER Mikhail S Gorbachev yesterday said that officials of the Communist Party central committee were slowing down his plans to restructure Soviet society. His comments to the Young Communist League were the first time he' had publicly identified the 300-member committee as a source
      AP  -  53 words
    • 42 14 AP AIR, rail and ferry traffic in Spain returned to normal yesterday at the end of a 24hour strike estimated to have affected half a million travellers at the height of the Easter holiday exodus. AP
      AP  -  42 words
    • 57 14 Reuter THE MORO National Liberation Front (MNLF) appeared to have climbed down slightly from its earlier demand of full autonomy for 23 provinces on Mindanao and surrounding islands. MNLF negotiator Habib Hashim said the group now proposed full autonomy for 13 provinces and autonomy for the
      Reuter  -  57 words
  • Page 14 Advertisements
    • 69 14 Japanese economists warn against further fall of dollar, Page 3 UNIQUE QPPQRTUMTY THAILAND Construction company operating in Thailand and overseas available for acquisition. Company has excellent track record and existing contracts in energy and telecommunications field. Current owners to sell but management to stay in place. Excellent profit potential. Size
      69 words
    • 3 14 See Page 3
      3 words
    • 99 14 See Page 4 c'est merveffleux! the French love it, and so do the Japanese, the Germans and the Americans... Ardmore Park is very international where you'll make friends quickly and feel rignt at home. With the amenities of a country club, excellent security and just off Orchard Road, what more
      99 words
  • Page 14 Miscellaneous
    • 45 14 miMm Outlook: Fair. Roport tor 24 hours prior to 7.30pm on April 16 at the airport: Maximum temperature 33.7 Associated humidity 53 Minimum temperature 25.0 Aaaoclated humidity 85 Hour* of sunshine 9.0 Rainfall In millimetres 1.4 Rainfall this month 41.7 Rainy days this month 6
      45 words

  • SHIPPING TIMES
    • 503 15  -  By LOH HUI YIN PLANS TO reinforce Singapore's position as one of the top three international bunkering centres have drawn more interest from the private sector. In the latest development, a Singapore independent oil trader, Hin Leong Trading, has expressed
      503 words
    • 274 15 THE CIVIL Aviation Authority of Singapore has requested that vessels with heights exceeding 100 metres intending to move from one point to another within the port to inform the authority at least 3 working days in advance of such movements. This is
      274 words
    • 249 15 Bangkok Post THAILAND'S spending on marine insurance last year was reported at 399.4 million baht, an increase of 2.2 per cent over 1985. According to a source in the Thai Reinsurance Co Ltd, indemnity or damage claims in 1986 were registered at 119.4 million
      Bangkok Post  -  249 words
    • PORTSIDES
      • 102 15 Opecna THE SAUDI fund for development is to extend a US$ll.3 million loan to Malta to help finance the second phase of a port project The USS2O3 6 million facility will act as a major transhipment centre in the Mediterranean. The loan, signed by Maltese
        Opecna  -  102 words
      • 75 15 Reuter A COLLECTION of memorabilia from the Titanic has been sold for £37,000 at a London auction timed to coincide with the 75th anniversary of the ocean liner's sinking, the London auctioneers said. Anthony Stead, a great, great grandson of one of the 1,500 passengers who
        Reuter  -  75 words
    • 1123 16  -  The supply of bunkers is big business in Singapore. Last year, bunkers valued at close to $1.7 billion were delivered to ships calling here. In an attempt to build on Singapore's record, leading players will sit together for two days
      1,123 words
    • 191 16 Reuter TODD SHIPYARDS, responding to investor inquiries about its stock activity, said there were no new developments in its negotiations with its bank lenders over certain financial covenants. But it said it lost an appeal of an environmental case in California courts.
      Reuter  -  191 words
    • 919 16 AB Shpg V 5 ABC Container VNI 1 Accord Shpg VI 3 Ahrenkiel liner X 1 Africa Ocean IX 4 Alltronj VII 3 AC Toepfer X 5 Anro Service IV 2/3 Arrow line* IX 5 Atlas line X 3 ANl 1 1/2 A PC line V 4
      919 words
    • 1106 16 CHARTERING remains (airly quiet on Wednesday with an easier trend seen (or grain from the US North Pacific to Japan, shipbrokers said. The business is reported to have received US$9 35 although there was also market talk the rate may have been $9.50. The Biffex sub-index for this
      1,106 words
    • 173 17 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf. Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line
      173 words
    • 178 17 AP THE 50-METRE Haitian freighter Aristeo capsized in the Atlantic Ocean after its cargo apparently shifted, killing one crewmember and leaving three others missing, the US Coast Guard said Three crewmen stranded on the ship's hull 56 kms offshore and a fourth
      AP  -  178 words
    • 379 17 Lloyd's List AN ESTIMATED US$3O million worth of tweendeck dry cargo tonnage has changed hands in the last four weeks, backed by an upsurge in demand for lin-er-types. Favourable conditions for owners are expected to continue throughout April and May. prior to a probable
      Lloyd's List  -  379 words
    • 319 17 AFP NEW ORDERS for world s merchant ships continue to decline, although there are signs of an improvement in the tanker market, the American Bureau of Shipping reported on Wednesday. The ABS, one of the world's biggest classification societies, said orders placed for new ships
      AFP  -  319 words
    • 72 17 Lloyd's List A MAJOR Swedish chemical carrier operator is reported to be close to agreement with a South Korean yard to supply one or two newbuildings for delivery next year. Erik Thun A/B of Lidkoping is seeking sophisticated vessels of the IMO 111 type, of
      Lloyd's List  -  72 words
    • 129 17 AUSTRALIAN NATIONAL Line is not included in the list of public assets which the Federal government plans to sell off to help reduce its mounting budget deficit. Treasurer Mr Paul Keating has listed only Oantas. Telecom and the Commonwealth Bank as being exempt from the
      129 words
    • 446 17 AFP A PHILIPPINE-FLAG vessel sailing to Kuwait with a load of Australian sheep was attacked and set ablaze on Wednesday by an Iranian gunboat in the central sector of the Gulf, shipping executives said. Gulf-based marine salvage executives said no casualties
      AFP  -  446 words
    • 1082 22 AT CONVENTIONAL WHARVES VmmI 00 1 Arrival Departure KEPPEL WHARVES Altenbels K36 alongside 1704 1500 Bergen Arrow KI5 a o^vde 17 04 7000 G'SO Moru 8 K20 alongside 1704,1500 Koto PekingK28 alongside 17 04 Q60C Koto Roio K32 olongsKle 20 04 1830 t»onhooshon KX alongside 19 04
      1,082 words
    • 3893 22 AAA HOB Ever Grace Evergreen April 20 Benevon Triot. April 20(PK). Ned Delft ScanOutcht April 20 Fen He Chin* Ocean April 20 Ever Greet Ev«rgrNn April 23 Luna Macik MltrM Line. April 23 Ming Galaxy Yang Ming. April 25 Liverpool Bay
      3,893 words
  • Page 15 Advertisements
    • 840 15 Mammoth Hunters Jean M. Auel iZJ CORONET BOOKS Avwladle at all Good Bookshops STP Distributors ■yUI 2 Jutong Road S«ogapor« 2261 cy r»i» r*nes vjfcxc Orient Overseas CotUcitm Line NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORID ROUTING) JARWNE WirPINC AGENCIES (Rsf. No. M2M4/JOOK 200 Cantonmant Rom) #12-06 Southpomt. Smpper* 0208
      840 words
    • 78 15 S'pore seeks to achieve top position as a bunkering centre, Page II SINGAPORE is intent in consolidating its position as one of the main bunkering centres in the world. Page II AN ESTIMATED US$3O million worth of tweendeck dry cargo tonnage has changed hands in the last four weeks, backed
      78 words
    • 1010 15 A UWM A N ab> SHE HAD UT POWER. SHE SIJBSTAWrr NEEDED LOVE. SHE WANTED REVENGE. f M Emma Harte is n {TW A WOMAN or 4 SUBSTANCE jfc" Hul what is the price MpT she has paid"-* 7 jj/j Available at aH good bookshops MAERSK LINE EUROPE The Direct
      1,010 words

  • Page 16 Advertisements
    • 322 16 I^2 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO MEDITERRANEAN AND EUROPE ALSO ARABIAN GULF AND INDIAN SUB CONTINENT r TTTi VILLE 0 URANUS VKLE OC PLUTON VILLE DC SATURNE li/4 ISM i/s v> 14/5 IVS Also accjrgc to all Li K destinations. ScjrxJiaa OUTBOUND
      322 words
    • 19 16 A Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National \VKV// Shipping Association.
      19 words
    • 447 16 EUROPE/FAR EAST CONVENTIONAL SERVICE VSL SCAN VENTURE PT of LOG. I jmiadwi Brwaan I tkjndarun Isfcanderun-Madras Lubec* HjmOurj TEL* 03-*****50 MALAYSIA SON. BHD. TLX: ***** MTM PT KLANG 17/5 Further toad/ discharging porn en rout* subject to sufficient inducement Swppore Office: MTM S pore. Tel *****00 Tlx RS ***** MTMSEA
      447 words

  • Page 17 Advertisements
    • 935 17 r The Straits Steamship Group tfZF. Mansfield Container Shipping Pte Ltd P&O iOJVAj-L Containers Limited STRAITS SHIPPING Singapore to Saboh, Sarawak, Brunei Ports and Bangkok CONTAINERS!* SERVICE TO UK/CONTMENT: CONTAINERSHIP SERVICES TO/FROM BANGKOK PEGASUS PRIM PEGASUS PRIDE BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL *****80 Also Accepting Cargo For: Hjnfeurf to
      935 words
    • 629 17 ISI C SAV Corrpjnu Sud Amcncjn.i do Vjporcs S A -r.in L.n.« DIRECT SERVICE TO/FROM CHILE FEEDER VESSEL S PORE MOTHER VESSEL HK ARICA KM ANTOf VALP STO FRANKFURT 2/S EASTERN Mfs V? JP Iff W 110 EXPRESS SPLENOOUR CARGO FOR PUNTA ARENAS, TALCAHUANO (SAN VICENTE) ACCEPTED WITH T/S VIA
      629 words
    • 216 17 CHARGEURS REUNIS CONTAINER SERVICE TO MEDITERRANEAN ■ONT BLANC HARU Rj MS, NEW OASIS 21 Apr 30 Apr Mi 1S OMEX PIONEER 10 Iby U fey 27 fey 30 fey NIPPONICA fey a fey t iun, JuJ. SEMI CONTAINERISED SERVICE TO WEST AFRICA (MED CLUB MEMBER) CONTAINER SERVICE FROM MEDITERRANEAN B»rc»l«««
      216 words

  • Page 18 Advertisements
    • 266 18 5C CONTAINERSHIP SERVICE TO UK/CONTINENT Hapag-Uoyd ALL UK INLAND DESTINATIONS. BELFAST, DUBLIN COPENHAGEN. AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM CARIBBEAN I S AMERICA CONV/SEMI-CONTAINER SERVICE TO EUROPE CONV/SEMI-CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK CONTINENT Agents Singapore *****66 K. Lumpur *****25 Booking *****78 P Kelang *****18 Freight *****00
      266 words
    • 686 18 LINE KsogM Co*'o*AT'9* FULLY CONTAINERI SEP SERVICE CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL CRYSTAL REED INDON S'PORE LOADING FOR 2/4 77/4 DUBAI. DAMMAN. KUWAIT GEN AGENTS CROWN MARINE CO (PTE) LTD TEL: ***** M (9 Lines) FAX NO: *****68 SUB AGENTS KUALA LUMPUR TEL: *****66/ PENANG TEL: *****6 LI AN
      686 words
    • 304 18 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: Afenta: SINGAPORE PORT KELANC KOTA KINABALU TG. HANI CALICO SHIPPING PTC LTD t* mam Tit rs out cauco fax: msm PERKAPALAN UTAMA SON BHD Tat: MUM KESAWAN SHIPPING SON BHO Tafc Iltrn (1 \mm) Fa» ZVM RASA MUHIBBAH SON BHD
      304 words
    • 1008 18 a EVERGREENI Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) AISO ACCEPTING CARCO TO 1) PROVIOENCE SAVANNAH BOSTON PHILADELPHIA NORFOLK JACKSONVILLE WILMINGTON BERMUDA ETC 2) ATLANTA CHICAGO DETROIT. COLUMBUS 4 OTHER MAJOR MICROBRIOGE DESTINATIONS D Cristobal balboa. Panama qtt. colon san juan UNTO DOMINGO. NEW ORLEANS HOUSTON LRRON CURACAO VIA KINGSTON
      1,008 words

  • Page 19 Advertisements
    • 464 19 PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE VESSEL PIYA BHUM SIRI BHUM SEA DRAGON JENLINK SEA PEARL RED SEA/EAST AND WEST AFRICA SERVICE CHINA SERVICE BANGKOK SERVICE VESSEL KOTA
      464 words
    • 122 19 NORBUL NORBULK CARGO SERVICES LTD. I s REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL 22X366 W MALAYSIA S P YEO SHIPPING t TRADING KL 73SM4<> P* 36W101 PfNANG TANJUNG MARINE SDN BHD TEL 62K25 SABAH TRANSPAC K
      122 words
    • 507 19 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT Kitant Mini W W 211* m 75,4 lift 15/5 HKG. TW» Lar|» Bay *4 27/4 214 KM 2/5 22/5 24/5 HKG Vm Kama Aura Maru 27(4 2W 21(4 1/5 ift »S TK. M ALL VESSELS ACCEPT TRANSHIPMENT
      507 words
    • 592 19 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI COHTAINERSHIP SERVICES SINGAPORE TO EUROPE Sublet to InducamanL A too accepting cargo to Cwibluca, Port Said, Port Aloiandrta. Qaooa, Trtaota. ALSO ACCEPTING BOTH CONTAINERS. CONVENTIONAL CARGO VIA T/S TO UK
      592 words
    • 528 19 BOUSTEAD SHIPPING AGENCIES PA-AN VI0) PAGAN VU2 HTonrrvA vm ■YOMAYWA Vlffi BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok lfcU Apr »2 Apr B/H Apr BANK LINE rvBAPM rrui aauy 11 urn #> NORTHBOUND TO UKC SPORE ROAM HULL HttßG TOANA NIUGINI V3N
      528 words

  • Page 20 Advertisements
    • 989 20 Kline KAWASAKI KISEN KAISHA. LTD. USA CANADA HIUimtCMIT (Round The World Service) S'PORE LB CHLS NFK NY HFX 0. FREEDOM Vl3 24 Apr 16 May 26 May 28 May 30 May 3 Jun S.S. BRIDGE VS9E/0 FRIENDSHIP V 2 2S Apr 25 May 3 Jun 5 Jun 7 Jun 10
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    • 382 20 m Accepting LCL and South Africa oontalnorlood cwqom Dlrtct to S.A. VAAL 2730F NEOLLOYO COLOMBO 2828F HAYAKAWA MARU 2SJIC S.A. VAAL ***** S'pofe I Durban P.Eli* P.EIIz CTown Durten SM 16/4 m 2/5 4/5WW/ JAROINE SHIPPING AGENCIES (REG. 142K41 OOK) 200 CANTONMENT ROAO #12-05 SOUTHPOINT, SINGAPORE 0201 LWj td: *****11
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    • 703 20 C ///U AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container. p (Tin*r»i^r S pox I Metb frem Sfdri Also Accei ISttCLIPPER V 13 21 Apr CALABAR V 34 12 Ma, 22X5?™*.. 5 J 1 716 14 Mj s n 13 a *<« bt« D«urf«c -1 34 15 May 7 June 5
      703 words
    • 890 20 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 73. I(Mi Ape Street smutov 0104 m smjiu <it lms> STRAITS/PERSIAN GULF SERVICE: Spert p.mm« fw* OOLOCN BEAR Cotanbo/MrtctaAßint Qatxw, Drtti 71(2* A* OOLKN HARVEST Cotombo/Ktrtehi/Dubti/Bthwi 1/10 fcy CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC OF CHINA MH 1.nj.11. I M»ia,iil
      890 words
    • 414 20 3Q 1 15 Ho Chiang Roar;. »07 02/03 Sanford Building Singapore 0204 Tel *****11 (10 Lineal BREAKBULK SERVICE TO EUROPE/UK V MSI TBN' 1705 P Kaiang loading tor. W ROT/ANT/U K. (NUU.) A rtr Si T P#r 'J™*** (PTL) LTD BOOKING BINTANG SNIPPING CO SDN BHD Pwnf BINTANG SNIPPING CO
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  • Page 21 Advertisements
    • 839 21 NEPTUNE ORIENT LINES LTD S part NEPTUNE AGENCIES PTE LTD Ft EU/AUST TPA/SEA Tel Ho Office Totmiml CFS BOOKINGS *****3 *****2 vmn man mus M 77*111 27*141 P R«4»nf NEPLINE SON BHD 3HBC K Lumpur NEPLINE SDN BHD *****3 Pona* NEPLINE SDN BHD MM«H7BW»BWD«2 J Batiru NEPLINE SDN BHD. ZBMpmtl
      839 words
    • 430 21 heung-a shipping Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON Vessel's Name Spore Penang p Kelang Susan Mo No 7 Donam 7(BN In Port 21 f« 2/5 No 6 Oonam 705N 1/5 4/5 1515 No 9 Donam7Q3N 7/5 IlyS 22/5 27/ M Enter 710N 11/5 14/5
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    • 664 21 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 ***** PENANC MESSRS MAI THONG SHIPPING 127 Pwant Strwt, Ptrunt, MMr*u Catto JAY ATOM PENANC. T# *****4rt22m T«tn
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    • 20 21 FERI MALAYSIA SDN. BHD. RORO CONTAINER PAIIFUSED WffKlY SERVICE TO KUANTAN KUCHING K KINABAIU ALSO ACCEPTING SUE DRIVEN HEAVY VEHICLES
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  • Page 22 Advertisements
    • 442 22 SINGAPORE SHIPPING CORPN.(PTE) LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD VEB DEUTFRACHTSEEREEDEREI ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE TO EUROPE mi" rJrB 'VIA COLOMBO Accepting cargo for Bombay, Cochin Madras "VIA LARNACA Accepting cargo for Piraeus. Thessalonikt, Izmir, Istanbul. Mersin, limassol. Beirut. Aleiandria.
      442 words
    • 337 22 INTEROCEAN EXPRESS LINE Weekly LCL Consolidation Service Wnf MENG HORN 6 SHIPPING PTE LTD mdiiM TEL: *****11 (5 Lines) Tlx: RS ***** HWICO I ACCEPTING LCL TO CHITTAGONG REGULAR SERVICE TO BANGLADESH PORTS Vmml ETA ETD Loading for *HYE SIANG-8711 30/4 5/5 Chittagonf/Chalna •HORNG LEE-8713 24/4 25/4 Chittagong/Chalna HAI LEE-8701
      337 words
    • 274 22 SEA VENTURE LINE OHAKA SERVICE TO CHITTAGONG/CHALNA UN SUSAN (BANCLAOCSM FLAC) MW AGENTS KYC UMiJt) RTt LTD TEL S3S3SJI (t LINES) TELEX: RS2HQ KYCL Bookinf Afnts CONFER MWPRIQ T«t 0444(7/ niww/ nnw* Toter M HOI CONFER I// Hai Sun Hup Co (Pte) Ltd TEL "*****06 (20 Linesi TLX RS *****
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  • Page 22 Miscellaneous
    • 147 22 Regional Weather rj m A' W T. I •I ss 1 a 5i K iV x SIGNIFICANT WEATHER AND BEA CONDITIONS AT 7JO A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature *C Shower Weather Wtnd direction with speed In knots lUta Wave heieht Cloudy &y he4fhl Bartaee «Ml we Mulii by
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  • Page 23 Advertisements
    • 482 23 "Sir International Freight Forwarders WEEKLY-CONSOLIDATION ETD SINGAPORE TRANSIT TIME ACCEPTING FCL/LCL HONG KONG BANGKOK HAMBURG/ROTTERDAM COPENHAGEN SYDNEY t MELBOURNE FREMANTLE FELIXSTOWE LOS ANGELES Booking: Telephone *****33 Miss Katherine Pang Miss Rachel fhia Hamburg West Germany Tiger Line Common Carrier Feeder Services SINGAPORE INDIA VESSEL VOY SINGAPORE CALCUTTA MADRAS PORT HARCOURT
      482 words
    • 241 23 PERCH OCEAN LINES (Perfect China Ocean Shipping Lines) Barge "ADD ON III": ETD SPORE END APR FOR HONGKONG ACCEPTING PIPES, MACHINERIES, EQUPT, ETC A VSSL PRC FLAG ETD SPORE END APR ACCEPTING FOR HONGKONG/HUANGPU" 51»344 TLX 22*5 PWUMS/KIMW MOTS: FOR TRAMS SERVICES S/» ra.»»»»/ 7»m7 WORLDWIDE SERVICES ACCEPTING CONVENTIONAL. CONSOLIDATION
      241 words
    • 394 23 WEEKLY FULL CONTAINER SERVICE V LINES WEEKLY FCL LCL CONTAINER SERVICE SPORE MW HKC KAO KEE KOI HOJ BUS KUO HSIUNC V 704 11/4 *4 2M 2*4 2*4 2/S 4/5 SA TAOYUANV7W 2W IIS M Ufi Ufi Ufi KUO LUNG V 704 2/S 105 1$ 1$ 17/5 lftS 20.5 M
      394 words
    • 303 23 GLORY NAVIGATION GROUP TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* SPORE P KELANC PENANC BELAWAN KAOHSIUNG MAHAN V-2S 27/4 2*4 6. SELATAN VI V-S5 21/4 1/5 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON REGULAR LINER SERVICE FROM TAIWAN TO
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    • 217 23 FARGO SHIPPING COMPANY(PTE)LTD. regular express full CONTAINER AND LCL cc «VICE INBOUND AGENT FOR ABC CONTAINERIZE From USA/Canada/Europa/Madltarranaan Vtl MUSSEL ANTWERPEN C. VEROLME TBN Liv ISport 27/4 9/5 24/5 23/6 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel:
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  • Page 24 Advertisements
    • 475 24 m N FINE-LINER SHIPPING PTE LTD TEL: *****52, *****62. *****82 TLX: RS 22*41 FLINER EUROPE SERVICE itT'-v.y i M.mrm DUIKA 17/5 OUKCA in MJKA IW i s FAR EAST SERVICE Mr^rnirTrrTT-'.niTFTT^^ OURSA IZ7/4 V 5 Hi I 1/5 11/5 130 DOKA lllfl 1W 20/5 22/5 H/5 27/5 an tit v*
      475 words
    • 464 24 HEAP SENG TRADING SNIPPING PTE LTD 6001 BEACH ROAD #13-01 GOLDEN MILE TOWER SINGAPORE 0719 TEL NO. *****22 (3 LINES) TLX NO. RS ***** HEAPCO FULL CONTAINER SERVICE TO PORT KELANG/PENANG vor no VSS7S7 V 5518 1 V ***** VMN7 V ***** VSUI7 19 20 APR 22 apr 26 APR
      464 words
    • 552 24 n C.Y. LINE (A Member Of The ACE Consortium) CHO YANG SHIPPING CO. LTD FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) Sporo l*H»m ntm Ff.mx M kaf Brvn Antaarp FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) TRANSWORLD BRIDCE VXE SEVEN SEAS BRIDGE VSSE A CONCORD VK C PARIS VK Mkonf
      552 words
    • 855 24 \Everett Lines/ COMPANIA PERUANA DE VAPOREES (C P V "PERUVIAN STATE LINE" Loadinf tor CaNao. Mataram. No and aM attar Pariman ports with transhipment at Koto On CPV Through Wis of Ladw| to final destination Penang* P Kelang Singapore HUGHEVERETT 20/21 Apr MANOLOEVERETT 6/7 May JOHNEVERETT 21/22 May yfr& "EVERETT
      855 words
    • 317 24 MMMMHiiMiIigMMtSS ZIM FULL CONTAINER SERVICE accepting FCL/LCL carioas to USA East A West Coast. Carribbean.East Canada. HAITI, Port Au Spain, Barbados N ST LUCIA ■nimmi ACCEPTING CARGO TO AOELAIOC VIA MELBOURNE ANO ALSO FCI TO CUAM r- ZIM EILAT CONTAINER LINE vessel ZIM BRISBANE INSA ZIM PIRAEUS TUNC MAI NO
      317 words