The Business Times, 5 May 1987

Total Pages: 30
1 30 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, MAY 5, 1987 75 CENTS
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  • 258 1 Exchange rates US*. 139.40/50 yon, 1.7765/75 DM, S$2.1205/15 US$1.6760/70 M$i S$85.76/83 Stmex DM (Juno)0.5650 30) biro-$ (Juno) 92J1 (-5 Yon (Juno) 0.*****6 6) Pound (Jun) 1.6740 30 NfckoJ Indox (Jun) ***** 232) US T-bond (Jun) 91.07 (undi) Qoid prices S'poro (buyor'i quota) US$457.70 +US$2.70) Rubber S'poro Juno
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  • 769 1  -  More builders taking to new projects By LEE HAN SHIH DEVELOPERS have regained confidence in the reaidential property market and are going into new projecta at a rate equal to the atill relatively buoyant daya of 1964. Figurea from the Minietry of National Development (MND)
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  • 271 1  -  By ALVIN TAY THE UNITED Overseas Bank group has joined the keen tussle for housing loans by cutting its interest rates to the market's lowest levels, as well as extending the maximum maturity to 30 years. The UOB group, including
    271 words
  • 99 1 Reuter PHILIPPINE government negotiators have set up a meeting with Muslim rebel leader Nur Misuari in his jungle hideout today after talks on rebel demands for full autonomy in the southern Philippines stalled yesterday. Muslim chief negotiator Habib Hashim said that
    Reuter  -  99 words
  • 212 1 Reuter INDONESIA'S Defence and Security Council denied issuing hundreds of millions of dollars in worthless promissory notes as its top officials were summoned to a meeting with President Suharto yesterday. Five European businessmen were indicted in New York last month on charges of
    Reuter  -  212 words
  • 497 1 Bernama ES MALAYSIAN exporters have nottaken full advantage of the rising yen to increase their exports ofmanufactures to Japan, unlike the other Asean countries, according to Malaysian Trade Commissioner in Tokyo Rosli Abdul Shukor. In fact, Malaysian manufacturers have yet to
    Bernama ES  -  497 words
  • 248 1 SPOTTING WINNERS In the years ahead that's what BT'a ninth annual Banking and Finance Supplement eels out to do in its focus this year on Singapore's future as a financial supermarket. In the swclusl'is supplement to be published on May 20.
    248 words
  • Page 1 Advertisements
    • 81 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Threat to destroy foreign plantations, 8— Page 4 Sony tighten theSpec'son Floppy Disk u D Sony, originator of the 3.5" micro floppy disk, now offer the MFD Series, which sets new standards by using VIVAX magnetic particles. 20 million passes of the head are
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    • 280 1 Airlines and agents IN AUSTRALIA, the traditional relationship between airMnes and travel agents is under severe pressure in recent months, a load brought on by several major airlines which have purchased a controlling share in travel groups in an effort to secure their (airlines') distribution networks. The impact on the
      280 words
    • 8 1 Mora storta* on Pag* 4 and Back Paga
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    • 113 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Shipping Tlmss com«t as a separate section today. Maks sura you gal your copy. lobe perfectly franc, it's the million dollar question. Bound for pound, every yen counts. Marie our words. \su know it makes cents. The best way to earn higher interests on
      113 words

  • HOME NEWS
    • 363 2 Seminars and courses DURATION TITLE VENUE ORGANISER TELEPHONE May 18-19 Advanced Budget Boulevard Hotel Centre for *****22 Planning and Control: Management Case Study Method Technology May 18-19 Understanding Data Hotel Meridien Management *****77 Communications Technology Education Pty ltd May 18-20 Selling by Objectives Sheraton Towers Heinz Goldmonn *****66 Part
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    • 510 2  -  By WILLIAM CHIA SINGAPORE'S printing and publishing sector faces the prospect of further increases in the price of paper because of the tightening of supply. This was predicted by Mr lan Fung, president of the Singapore Paper Merchants Association (SPMA), who added
      510 words
    • 466 2  -  By GOH YEE LING FILIAL PIETY ia alive and well, If one can judge by the $28.1 million which Singaporaana uaed to top up their parents' ratiramant accounts with the Central Provident Fund in juat one month. "The response haa been favourable, quite good
      466 words
    • 548 3  -  By ANNA TEO A RECORD number of used cars ehanged hands this year, with the number of car ownership transfers in March hitting an all-time high of 7,371. r Transfers in March 1987 were about 68 per cent higher than the 4,396 chalked
      548 words
    • 241 3 THE SLIDE in the total number of vehicles continued in March, with the decrease spread over all types of vehicles. There was a total of 469,215 vehicles in March, down from 470,016 in February and 473,240 in January. This rate of decline is equivalent
      241 words
    • 387 3  -  By MARTIN SOONG COMMERCIAL UNION Assurance is marketing a new insurance scheme which compensates hotel guests, immediately, for accidents and loss or damage to personal property. What makes the scheme unusual is that in the event of an accident or theft, Commercial Union will pay
      387 words
    • 331 3 PETER de BRAUX has been appointed first vice-president and head of American Express Bank's regional private banking 4 division. In his new role, Mr de Braux will be responsible for providing private banking and inter- national asset management services in Asean. Mr de Braux, who has been
      331 words
    • 114 3 A ONE-DAY SEMINAR, focusing on the role of management in meeting challenges presented by the economic recovery in Singapore, will be held on May 9 at the Shangri-La Hotel. Organised by the MBA Alumni and the School of Postgraduate Management Studies of the National
      114 words
    • 117 3 THE NETWORK for Electronic Transfers (S) Re Ltd (NETS) has launched a two-week promotional campaign in anticipation of reaching the $100 million sales transaction mark in mid-May. NETS is a cashless shopping and payment system using the automated teller machine cards of the five participating banks DBS
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  • May Day Annual 1987
    • 483 2 TO HELP THEM in negotiating wage reforma, unionists can cull vital information about the health of induatriea from government publicationa. Some of the useful publicationa mentioned by Aaaiatant Secretary-General of the National Trades Union Congreaa Lim Boon Heng are; the annual Cansus of Industrial
      483 words
    • 171 2 MORE TRADERS but fewer consumers are turning to the Small Claims Tribunal to resolve disputes. The use of the tribunal had gone up since it was set up in February 1965 but it was used largely by traders, said Mr Koh Soin Khuang,
      171 words
    • 433 2 THE MINISTRY of Labour should set up a unit to encourage and monitor female participation in the workforce, it has been suggested in an article for the May Day Annual. Writing for the NTUC publication, Ms Nancy Teo said such
      433 words
    • 344 2 WITH its new focus on worker training, the Skills Development Fund should consider giving more financial aid to unions to enable them to send their officials on courses, said Lew Syn Pau, NTUC secretary for labour education. Writing on the basic philosophy,
      344 words
    • 287 2 EMPLOYERS in the manufacturing sector are willing to adopt annual wage negotiations but are reluctant to specify retrenchment benefits for employees, a study on recently concluded collective agreements reveal. The study by the National Trades Union Congress shows that a great majority of employers in
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  • Page 2 Advertisements
    • 98 2 "LETS DINE AT THE PALM COURT TONIGHT" A. lll'*. The Palm Court at Raffles Hotel. The marvellous spot for mining and dining. A romantic setting of the exotic east with lush tropical gardens. And soothing string melodies to serenade you. Be enticed also, by a new a la carte menu.
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    • 59 2 1 7 C L SWOODS from: £63 per wk CAR RENTAL Unlimited mileage inclusive VAT Over 20 year's experience 3 Fleet size 1,000 vehicles, al less than one-year old" Best service at competitive prices Also available self-drive holidays (car hotels) in UK. ANGLO FRENCH TRAVEL SCEMC TRAVEL #10-03 Asia Chambers.
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  • Page 3 Advertisements
    • 10 3 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day
      10 words
    • 299 3 At IBM Towers you tend to see things a little differently. •<s 0* ZPO < $0® •y &V* .:?>•: »>• r? < F.i »< Av <»* A well thought out office environment could give you a business overview that is quite extraordinary. And that extra edge in your business perception
      299 words

  • ASIA-PACIFIC
    • 668 4 Reuter THE TOP MUSLIM rebel leader in the Philippines has vowed to destroy all foreign-owned plantations if autonomy is not soon granted to the southern Philippines; and planters say they are taking the threat seriously. Nur Misuari, chairman of the Moro National
      Reuter  -  668 words
    • 342 4 Reuter PRESIDENT CORAZON AQUINO lashed out at her US ally yesterday for delays in military aid and said it should not expect Philippine soldiers to fight communist rebels with their bare hands and teeth. Aquino, also showing disappointment with her
      Reuter  -  342 words
    • 230 4 Bernama DESPITE EFFORTS to improve the benefits of the Generalised System of Preferences, rules and regulations relating to certain schemes tend to be more restrictive, a senior official of the Malaysian Ministry of Trade and Industry said yesterday. As such, they constrict the
      Bernama  -  230 words
    • 450 4 AFP NATIONAL PARTY leader lan Sinclair haa warned that everything posaible must be done to stop Libyan-style terrorism coming to Australia. The conservative opposition chief on Sunday called for a full government statement on reports that Australian aboriginals had already been offered "terrorist training" by Libya. Mr
      AFP  -  450 words
    • 252 4 UPI CHINESE leader Deng Xiaoping yesterday called on Washington and Moscow to follow China's example in disarmament and urged the two superpowers to continue the arms talks, the official Xinhua News Agency said. Mr Deng was speaking during a meeting with Rumanian Vice-President
      UPI  -  252 words
    • 143 4 Beijing allows dances with strings attached Reuter DANCES have been approved for the people of Beijing as long as the lights are kept bright, no liquor is served and a band can be found that knows two tunes and has four matching jackets. City government regulations that came into effect
      Reuter  -  143 words
    • 277 4 Reuter TAIWAN'S ruling party is under growing public pressure to relax a ban on travel between Taiwan and mainland China to reunite families torn apart by civil war almost 40 years ago. Over past weeks, younger members of the Kuomintang (Nationalist) Party have made
      Reuter  -  277 words
    • 181 4 Reuter INDONESIA is showing toughness and the ability to make the necessary policy adjustments needed to bring it through a period of lower oil prices, the chairman of the US ExportImport Bank said yesterday. "I have every confidence that this will simply be a period of adjustment through
      Reuter  -  181 words
    • 124 4 AFP JAPAN'S Government Research Institute has developed a high-frequency thermal-plasma generstor that could help make artificial dismonds and fine ceramics, Kyodo news service has reported. It cited an institute spokesmen as saying that the new device is capable of heating gas to more than 10,000 deg C
      AFP  -  124 words
    • 128 4 AFP NEWLY INDUSTRIALISED countries (NlC's) in Asia have been fast catching up with Japan in their output of colour television sets, the Japan Electronics Industry Association has said. Colour TV production by three NlC's South Korea, Taiwan and Hongkong in the January-June
      AFP  -  128 words
    • 83 4 Reuter CHINA'S leader Deng Xiaoping sold some of his clothes to buy a ticket to a soccer match when he was a poor student in France, his daughter says. In a rare interview published yesterday, Deng Lin told Wen Wei Po, a Hong- Kong newspaper, that
      Reuter  -  83 words
    • 541 4 A FORMER SHIPBUILDER breeds flounder in fish tanks in a quiet shipyard corner. Car company factory managers paint floors to save the cost of professional painters. Japanese manufacturers are relentlessly cutting costs and looking into every sort of new venture
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    • 811 4 ARRIVALS Operator jtrvKi number Local Km* From AC AC858 0920 TYZ/LH8/80M SU SO 103 0950 KUL CPA CX710 1015 CGK (U ***** 1100 IWN GU GA960 1100 CGK SU SOI 05 1105 KUL SU SO 201 1145 CGK SU SQ191 1155 rw THAI TG403 1155 8KK Al
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  • Page 4 Advertisements
    • 117 4 One word that means agreatdealin anyone's language: Hertz. Travelling overseas? Then book your Hertz car before you go, to get our special Affordable rate. It's so low, that in many cases it's not even available to the people who live there. Yet, you'll still enjoy the service, reliability and range
      117 words
    • 11 4 Japanasa beginning to taca up to tholr imagas abroad, Paga 7
      11 words
    • 34 4 The business person's choice, every Tuesday. Thursday. Saturday and Sunday. Leaving Changi Airport at 22:05 hours and arriving Heathrow early the following morning. Call your Travel Agent or Air Canada at *****55. AIR CANADA
      34 words

  • REST OF THE WORLD
    • 432 5 NYT THE US ECONOMY continued to expand in April, with industrial companies reporting advances in employment and production, the National Association of Purchasing Managers said in its monthly report. The trade group's latest survey of purchasing managers at 250 industrial companies showed growth
      NYT  -  432 words
    • 404 5 AP THE CHAIRMAN of South Africa's most powerful corporation has said that apartheid "has made fools of us all" and urged whites to cast votes tomorrow for candidates committed to racial equality. Mr Gavin Relly, chairman of the Anglo American
      AP  -  404 words
    • 507 5 UPI US PRESIDENT Reagan was aware of private fund-raising efforts to arm the Nicaraguan rebels but it remains to be determined if he knew government officials were involved, leaders of the Senate Irancontra panel said on Sunday. Senators Daniel Inouye and Warren
      UPI  -  507 words
    • 225 5 AP COMPUTERISATION has revolutionised fingerprint identification systems and eventually will help authorities break previously unsolvable crimes. The US Justice Department's Bureau of Justice Statistics concluded in a study that an automated fingerprint identification system can make "incredibly fine distinctions among literally thousands or
      AP  -  225 words
    • 298 5 AFP SPIRALLING GROWTH in the money supply is threatening the Spanish Socialist government's political priority of bringing inflation down to 5 per cent this year. The government insists that its only way out is to reduce the money supply by substantially raising interest
      AFP  -  298 words
    • 476 5 AFP LAST WEEK'S talks between Japanese Prime Minister Yasuhiro Nakasone and US President Ronald Reagan failed to settle the serious problems of the growing Japanese trade surpluses with the US. said analysts in Washington. Despite the President's promise to review the US$3OO million
      AFP  -  476 words
    • 206 5 AFP SEVENTY PER CENT of Americans approve of President Ronald Reagan's decision to impose 100 per cent tariffs on US$3OO million worth of Japanese electronics imports, and 69 per cent believe Japan engages in unfair trade practices, according to a Newsweek poll
      AFP  -  206 words
  • Page 5 Advertisements
    • 249 5 Learn how much time and money Desktop Publishing could save you. Desktop Publishing (DTP) is for everyone in business. It's a tool that lets you put your ideas on paper more professionally, with more impact and clarity. What you produce actually looks typeset, yet you have none of the delays
      249 words
  • Page 5 Miscellaneous
    • 35 5 Doonesbury LAPiBS ANDGtNTISMEN, AS *)U KNOW, KXTHB PAST F&/U MONTHS, TfePR^PBNTHAS UL *rr ■a Lit &L L__ 2 m 2C 55 m t 52 yy BY GARRY TRUDEAU I I fr V7^ M JTJ BiSfl
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  • BANKING AND FINANCE
    • 632 6 Fall in dollar's value not expected to affect purchases UPI THE US GOVERNMENT S US$29 billion securities auction that starts today represents a calculated bet Japanese investors will keep buying US treasury issues. Treasury Department Undersecretary George Gould reflected that confidence when he
      UPI  -  632 words
    • 539 6 UPI POLAND is seeking a financial cure from the International Monetary Fund and World Bank, even though its communist leaders know the likely medicine will be a strong dose of capitalism. Poland, which owes foreigners about US$3O billion, has pursued a two-front
      UPI  -  539 words
    • 537 6 AP LATIN AMERICAN countries are reducing their foreign debts through a sophisticated financing arrangement involving creditors and international companies looking for a cheap way to finance investments. Generally, the arrangement works like this: an international company buys a certain amount of
      AP  -  537 words
    • 298 6 Reuter THE SWISS National Bank is prepared to increase its intervention on currency markets if the action can be properly coordinated with other central banks, according Iq.. Markus Lusser, a member of the" bank's three-man directorate. 1» He told a meeting of
      Reuter  -  298 words
  • MONEY AND EXCHANGES
    • 1041 6 SINGAPORE: The US dollar closed mixed yesterday against major currencies compared with New York levels last Friday, but trading was thinned by yesterday's closure of the Tokyo and London markets. It eased back slightly to close at 1.7765/75 marks after touching 1.7800 in early afternoon trading on reports
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    • 180 6 Indicates the average of the prime lending rates of 12 major banks In S'pore Interbank market rates (offer/bid) on May 4 us$ DM SWFC Y»n 7 4my* 71/1-7 f 3/4 5/4 4 1/14 3 IS/14 3 7/4 5/4 4 5/14 3/14 1 NMh 71/1-7 7/14 3/14 3
      180 words
    • 277 6 ASIAN DOLLAR deposit rates yesterday closed steady at opening levels. The closure of the Japanese and the British markets yesterday kept most operators on the sidelines. Short-dates firmed between 3/16 and 3/8 point at the outset but thereafter were little changed. Overnight. Tuesday/Wednesday and week-fixed closed at
      277 words
    • 632 6 BA Futures JUNE Eurodollar opened 6 ticks lower at 92.50 and was sold off to 92.48 on a thin market in Singapore yesterday. Light short covering activity in the afternoon saw the June contract closing at 92.51. June US Treasury bond opened with 92.16 offer but there was little
      BA Futures  -  632 words
    • 109 6 THE OVERNIGHT rate on the Singapore interbank market closed 1% points lower at 4% per cent yesterday. The one and two-month rates each gained 3/16 point. Three month rose point. S$ Interbank rates at 7pm yesterday: Offer M Q uw night 4 3/4 4 1/2 1-month 4 3
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  • Page 6 Advertisements
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      27 words

  • WORLD BACKGROUND
    • 669 7 AFP THE SRI LANKAN economy grew by 4.3 per cent in 1986, despite four years of a worsening separatist conflict. Gross domestic product increased by 4.3 per cent compared with 5 per cent in 1985, the Central Bank of Sri Lanka said
      AFP  -  669 words
    • 822 7 AFP SINCE the end of World War II Japan has been particularly conscious of its image abroad, and in recent weeks it has made the bitter discovery that its image is not good. Japan has few, if any friends in the
      AFP  -  822 words
    • 819 7 NYT DURING India's independence struggle against Britain, Mohandas K Gandhi identified the consumption of alcohol as a major social evil and urged a ban on drinking. To accommodate him and a powerful anti-alco-hol lobby, the Indian government wrote a section into the constitution declaring
      NYT  -  819 words
  • Page 7 Advertisements
    • 45 7 *7* i •^r T C- O 101 1L'0.1.1 Moonphases" gents' model bv JaegerT.<e Coultre. Automatic movement with complete calendar. Available in SINGAPORE: Sincere Watch Pte Ltd Cortina Watch Centre Nanking Watch Tigress Changi Airport MALAYSIA: C.I.L. Centre Hilton Hotel Woo Hing Bros (M) Sdn Bhd
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    • 46 7 WHY SINGAPORE WONT BE WORKING LATE TONIGHT. Dr Kenichi Ohmae, author of "The Mind Of The Strategist And Triad Power" discusses "The Global Challenge" on THE BUSINESS OF EXCELLENCE B.oopm. Channel 12 Brought to your screen by cmcoßPOcmßAN< in Singapore MAKING EXCELLENCE OUR BUSINESS SINCE 1902.
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  • FEATURES
    • 455 8 ON MAY DAY, crowds could be seen streaming along Orchard Road. It could have been an indication of just another public holiday (coupled with a long weekend for some). But it was also a sign that the economy is picking up. If you had noticed more tourists
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    • 2114 8  -  The Australian travel market is witnessing a significant change in the traditional relationship between airlines and travel agents. In recent months, several major airlines have secured their own distribution networks by buying a controlling share in large travel agencies in the country and, as
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  • Page 8 Advertisements
  • Page 8 Miscellaneous
    • 688 8 tfotwKNDiiii mtmrn® CRYPTIC PUZZLE ACROSS 3 Pick up a good story? (5) 8 In digs, perhaps, he's disrobing (5) 10 Bent, like some women getting back into bed (5) 11 A dark sailor? (3) 12 Diggers in velvet coats (5) 13 It can make one glad to be in Ireland
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  • Page 9 Advertisements
    • 435 9 to Nedlloyd EAC agencies pte ltd. on the official opening of your new office at 138 Robinson Road, #01-00 Hong Leong Centre on 5 May 1987 from: YATLYE SHPPING (PTC) LTD Asia Insurance Building, 2 Finlayson Green, #l 3-01 /02 Singapore 0104. Tel: *****11 (3 lines) Telex: RS ***** Keppel
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  • Page 10 Advertisements
    • 1660 10 Supreme Commander of the high seas NEDLLOYD EAC agencies pte ltd takes on a brighter image in its gleaming new office at Hong Leong Centre. A big change indeed, after more than half a century in the halls of the grand old Nedlloyd House. Going into the new office occupying
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  • Page 11 Advertisements
    • 1057 11 Nedlloyd EAC has moved out of the halls of the grand old Nedlloyd House to its new modern office at Hong Leong Centre BT special advertising feature NORWAY SWEDEN iGOTHENtUtG. «^a^5^Au«T^ MgMOA|IY FRANCE G€NOA f SEA OF JAPAN RUMANIA f BELFAST 1 jr GRANGEMOUTH UNITED KINGDOM NORTH SEA DENMARK i
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  • Page 12 Advertisements
    • 371 12 to Nedlloyd EAC agencies pte ltd. on the official opening of your new office at 138 Robinson Road, #01-00 Hong Leong Centre on 5 May 1987 from: Stuttgart Auto Pte Ltd Sole Authorised Distributor and Service Agent for Porsche Cars 29 Leng Kee Road, Singapore 0315 Tel: *****33 Telex: R*****6
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  • SPORTS
    • 522 13 Reuter IVAN LENDL removed any doubts as to who is the world's best tennis player with a brilliant seriee of performances to capture the U*****,000 Weet German Open at the weekend. There was a question mark over Lendl's ability to stay on top of
      Reuter  -  522 words
    • 376 13 AP PAUL AZINGER rammed in an eagle putt on the final hole and scored s one-stroke victory on Sunday in the richeat golf tournament on the PGA tour, the Las Vegaa Invitational. Azinger's six-metre putt, over a hump on the 18th hole, finished off
      AP  -  376 words
    • 541 13  -  By WALTON MORAIS AFTER she had lost her firstround match to Emiko Okagawa, top seed Sara Gomer voiced a tennis truism. "I remember my coach telling me tennis is 90 per cent in the mind," she was saying. "When it gets to this level,
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    • 484 13 AP THE GOLDEN STATE Warriors, the second US National Basketball Association team to win a five-game play-off series after trailing 2-0, now face another tough assignment in the Los Angeles Lakers. "We've had our backs againet the wall, every game haa been
      AP  -  484 words
    • 219 13 UPI WHILE most of his challengers clung to their ponies, Alysheba pranced unescorted through Saturday's Kentucky Derby post parade. his ears pricked and nostrils flared as if waiting for homage. A few minutes later, the Churchill Downs crowd of 130,532 provided it, roaring
      UPI  -  219 words
  • Page 13 Miscellaneous
    • 1160 13 MDn TUESDAY PREMIERE BvtwMn Tha Darkness And The Dawn 10.30pm, Channel 5 After being in a coma for 20 years, a woman (Elizabeth Montgomery, left) awakes to find herself in a strange new world where her high school friends are all adults and her boyfriend is now married to her
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    • 74 13 IfH THE GOOO GA/P THE J PALMS $MOOC£> P4CE A—/ EACH OTHEK—TH/S J I THE KEY TO PAOPE&. j I G&PP/HG OHiY //V TH/S WAY CAN THE HAHOS J vj WORK AS A S/HGCE UHfT AHO RE7V/W THE CU/B\y HEAP SQUARELY 7Z> THE A Ball. GP/P CHECK. ...TAKE YOi/A HOAMAL
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  • INTERNATIONAL COMPANY NEWS
    • 729 14 Two outsiders brought in to review operations NYT MERRILL LYNCH Co announced last Sunday a high-level shake-up in the management of its securities trading in an effort to recover from last month's loss of US$25O million in its mort-gage-bond trading. In another sign
      NYT  -  729 words
    • 541 14 Reuter THE GALADARI trading group, fighting to stave off receivership just one year ago, has gained a major psychological boost by winning Ford Motor Co's agency for the United Arab Emirates and a series of debt reschedulings. Bankers say prospects for A
      Reuter  -  541 words
    • 497 14 Reuter JAPAN'S giant securities firms are eager to stake out a pivotal role in the multi-billion dollar British government bond market. And although mounting trade tensions have led the British government to prepare itself to limit the securities and banking
      Reuter  -  497 words
  • Page 14 Advertisements
    • 456 14 M- WW' 'St» sea M II Wbere to wiae, dine aai entertain ir ALL YOU WANT X t IT* i SIX per person Lunch 12 noorrto 230pm(Evwy*"^Xfedn«day) c TNesdgiLAylety3jote6 181, Kitchener Road, Singapore 0620. Tel: *****22 M ASPARAGUS Delicate, tender and airflown fresh from France and Germany. Now prepared in
      456 words
    • 190 14 With the dynamic Melody Band from the Philippines. At The Lounge daily l 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 .<• Tpe Lounge 2?OOrchard Road. SiniraporellSZV Tel:
      190 words

  • ASIAN STOCKS
    • 446 15 HONGKONG: Share prices closed steady yesterday in sluggish trading as selective buying in the afternoon helped erase early losses. The Hang Seng Index edged up 0.38 to 2,685.75 after lagging by 17 points early in the day. The Hong Kong Index gained 2.14 points to 1,730.96. Turnover fell to
      446 words
    • 234 15 HAY M NTS 438 +fKuochsn Dav Laa Chang Yuan .37 90 44.00 -0.4 13 Asia Camant 48 40 >02 30.50 •08 Cathay Cona 56.00 Nan Ya Plas 56 50 •1 Chang Hwa Bank 82 50 0 5 Pacific Cona 36 60 -06 Chang Loom Chta Hain Camant... Chin Hain
      234 words
    • 501 15 SYDNEY: The Australian share market closed stronger yesterday in moderate trading, underpinned by support for leading resource and oil stocks. BHP attracted attention, rising 18 cents to a high of A 59.24, on renewed takeover speculation. Elsewhere the market was quiet, apart from interest in selected gold stocks as
      501 words
    • 111 15 MAY M WON 3100 •100 Kal Kangwon Ind Kia Motor 1350 ***** 1880 •29 190 -6 ***** -290 lAKTi 40 0—WOO Corp 1046 1311 -5 •19 Koraa Long Term Lucky Ltd .2180 1405 •50 -18 3790 -57 Oriental Brewery ***** 4300 ***** -1-10 Oriental Cham ***** unch Dong Suh
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    • 155 15 Reuter BANGKOK: The Stock Exchange of Thailand Index rose 4.24 to 254.43 on a turnover of 2,339,021 shares worth 447.8 million baht. —Reuter Tokyo market was doeed for public holiday MAY M BAHT 194 4 Poat PutXwMng Saha Union Slam Camani 203 ...an 996 +9 22 4 Ayudhya Invaatmai
      Reuter  -  155 words
    • 78 15 MirttHt Onantal B PNI Owmm 0031 ***** >0 002 -0 0026 ArwSo Pfell AHQIO nHI.... PMla* B 0 40 -0 02 Apex Mining B..» Atlas Con 0 0 0675 26 -0 0079 •1.5 Ptcop B PLOT. r.. 307.90 -19 San Migual B 141 uncft 3 0.019 Banguat Con B
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    • 316 15 AFP THE MOST optimistic predictions for the Thai stock exchange were confirmed when the market index ended the year's first four months above the psychological 250-point barrier. This was the first time in eight years that the relatively modest Securities Exchange of Thailand (SET), which
      AFP  -  316 words
    • 587 15 The Economist TAIWAN'S stockmarket is in fashion, with its index up more than 80 per cent so tar this year, to 1,800. A year ago, anybody tipping that the market would pass 2,000 would have seemed mad. Today, that looks reasonable. A new
      The Economist  -  587 words
    • 259 15 Reuter THE SITUATION in the Broken Hill Pty Co Ltd share register will be resolved sccording to Elders IXL Ltd's chief executive John Elliott "We hsve enough to buy BHP. We could do st least Asl2 billion (in lines of credit),'' he said, but
      Reuter  -  259 words
  • Page 15 Advertisements
    • 553 15 Em Witti* i*> Wim. due aM eaMis (j&rfll Sm Ai f X Claim your T-Bone Steak for only $19.50. From now till 31 May, we are offering lor dinner T-Bone steak chosen from It>e best Prime US Beef. Grilled to perfection, your T-Bone steak wW be accompanied by Idaho potatoes
      553 words
    • 203 15 11 r/n i 11 11 Twelfth of Never Disco Lotmgt LETS DRIKK TO Enjoy a musical extravaganza of the 40's, 50's, 60's and 70's. And your favourite drinks at bar prices. No cover charge. Happy Hours: 9pm to Bpm. 1 Ckymote Drive, Sngapore Pmking Sichuan Raataurant -frMSnlrlft -•I HOKKIEN PORRIDGE
      203 words

  • COMMODITIES
    • 453 16 MBT TIN FUTURES are likely to be introduced on the Kuala Lumpur Commodity Exchange (KLCE) in October. It is understood that the KLCE board will consider the proposal at its meeting this week. Once the proposal has been approved by the board, it
      MBT  -  453 words
    • 111 16 Reuter AUSTRALIA'S oil industry believes a planned tax on new offshore oil production will cause a sharp reduction in exploration and increase the country's oil import bill, industry sources have said. Oil companies oppose the Resources Rent Tax which the government plans to levy
      Reuter  -  111 words
    • 588 16 Reuter PALM OIL producers are turning to new palm varieties in a bid to overcome growing resistance in rich countries to fatty foods which are considered unhealthy, a survey by Reuter correspondents shows. Critics of palm oil claim it is harmful to health because
      Reuter  -  588 words
    • 481 16 AFP ENERGY MINISTERS of the 21 member countries of the International Energy Agency (lEA) are to discuss the broader consequences of the sharp drop in crude oil prices when they meet in Paris on May 11 for
      AFP  -  481 words
    • 226 16 UPI GOVERNMENT and oil industry i leaders from both producing and consuming countries should consider joint efforts to influence in- < ternational oil market i movements, Chevron Corp chair- i man George M Keller has said. < Speaking to the World Petroleum
      UPI  -  226 words
    • 157 16 Reuter PAKISTAN had found more coal deposits in the southern province of Sind, a government official said. State (Deputy) Minister for Petroleum and Natural Resources, Chaudhry Nisar All, told parliament the new deposits were estimated to contain more than 250 million tonnes. He said the
      Reuter  -  157 words
    • 274 16 Reuter ARGENTINA'S recently announced modification of oil leasing terms could help attract as much as US$25 billion in foreign oil investment till the end of the century, the president of Pluspetrol said. "The government does not have enough money to spend because
      Reuter  -  274 words
    • 278 16 Crude palm oil futures closed higher on the KLCE yesterday. Prices were on a upward trend throughout the day. Spot month May closed Msl7 higher at Ms7ll, June rose Ms2o to Ms7l4 and July added Ms 23 to Ms7l3 per tonne. Turnover fell to 374 lots. Crude palm
      278 words
    • 282 16 SINGAPORE The market closed steady in quiet trading yesterday with June 1 RSS buyers quoted at 199.50 cents/kilo, unchanged from last Thursday's close. The mornmg session ended unchanged at last Thursday's level after fluctuating narrowly in the absence of fresh factors and also due to yesterday's closure of the
      282 words
    • 79 16 (cantt/kg, 1-ton poiMi) JUNE 87 JULY 87 (currant month) (forward month) RAS NOON NOON Ivyan S#M#rt Ivytn 5»HTI sat 20 176.00 178.00N 176.00 178.00N SS* 50 175.00 176.00N 175.00 176.00N MRELB kytn r-ii lvy«ri SMI cv 242.50 244JON 243.50 245JON SMI I 241 JO 243.50N 242.50 244.50N
      79 words
    • 125 16 THE PRICE OF TIN on the Kuala Lumpur tin market eased a cent from laat Thursday's doss lo Mslt.(7 per kilo In quiet trading yesterday. The market was closed laat Friday. Price» started at Thursday's M 516.68 level which sew sellers offering 99 tonwee but buyers Md for
      125 words
    • 299 16 RAS prices In S cwMg, FOB In bata NOON CLOSE Bvyors Sotlors Bvyors Sellers Inf 1 RSS Prompt 204.50 205.50N 204.00 205.00N Int 1 RSS Juno 87 200.00 200.50 199 JO 200.00 W» 1 RSS July 197.00 197 JO 196 JO 197.00 Int 2 RSS OP 188
      299 words
    • 182 16 HONGKONG: Gold closed with pared gains. Bullion ended at U*****.70/U*****.20 an ounce. This compared with Saturday's close here of U*****.25/U*****.00 and New York's Friday finish of U*****.00/60. On the local market, gold finished HK$l higher at HK54,243 a tael. The Krugerrand rose HK$5 to HK53,570. The maple leaf
      182 words
    • 237 16 Chinese Produce Exchange S#M§n noon doling pfk Moy 4 (S$/100 kg) m on Coconut oil Mk FOB OW drum FO# Now drum FOt 88.00 98.00 102.00 Copra Mixed (Ioom) 50 Popper FOi NtW m 1170.00 JOiOWO* wTWf FOft foq NLW Sarawak block FOft NLW Sorowok Alio 1155.00 935.00
      237 words
    • 78 16 PRICE LEVELS for most products remained generally unchanged as Tokyo and London were on holiday. Gasoil levels weakened marginally on sentiment as FOB levels came under pressure from cheaper incoming cargoes ex-Arab Gulf. Crude (FOB origin) USt/to* < Dubai (Am) 14.93 Ww Umm 0.05 wn m 11.85
      78 words
  • Page 16 Advertisements
    • 479 16 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I Chua Cher Huat of No. 5001 Beach Rd #13-48 Golden Mile Complex Singapore (0719), have applied for a Retail Liquor Shop Licence in respect of premises at m/s Hong Giap Creait Pte Ltd at 5001 Beach Rd #01-43 Golden Mile Complex Singapore
      479 words
    • 362 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND IN THE MATTER OF PLAZA ENTERPRISES PTE LTD (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act Cap. 185 that a Final Meeting of the members of the abovenamed
      362 words

  • SHARE INFORMATION
    • 4277 17 SHARE PRICES finished mixed although selected local blue chips led by Cerebos, Haw Par and Yeo Hiap Seng finished at around their day's best levels. Prices had moved sideways for the better part of the day and at the close, losers took
      4,277 words
    • 233 17 SINGAPORE Rises Corobo« 50f 575 how Par 434 YMS 350 loftmam MWa 775 Malro HWff. 743 545 270 Koppal Carpn 314 Partway Win 133 S StoamNp 50* 212 UMW 103 Falls M trowortoi SAO Magnum Carpn 334 Gantag. 660 Mapa 382 Sanyo 191 two 50( 418 S
      233 words
    • 3885 17 810 and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      3,885 words
    • 228 17 HARIMAU INVESTMENTS Limited: 14th AGM at 65 Chulia Street. #19-00 Conference Room, OCBC Centre, Singapore 0104, today at noon. STRAITS STEAMSHIP COMPANY Limited: AGM in the Straits Room, 10 ColIyer Quay #29-00, Ocean Building, Singapore 0104, tomorrow at 2.30pm. FAR EAST LEVINGSTON SHIPBUILDING Limited: 21st AGM at No
      228 words
  • Page 17 Advertisements

  • COMPANY NEWS
    • 603 18 MBT PERMODALAN NASIONAL Bhd (PNB), in conjunction with the International Finance Corp (IFC), is set to launch a rescue operation to put financially ailing Malaysian companies back on their feet. This can be expected to be well received by the Malaysian
      MBT  -  603 words
    • 269 18 Reuter TRADING in shares of Hutchison Whampoa Ltd and Hongkong Electric Holdings Ltd has been suspended pending an announcement. The Hongkong Stock Exchange issued the statement yesterday after the market had opened, although the stocks were not traded. Hutchison shares last traded at
      Reuter  -  269 words
    • 2753 18 BID and after prices officially listed and tnisinr— 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 I—l AJnomoto 0208) xd Alex Hldg I —l
      2,753 words
    • 118 18 HONGKONG Hongkong Index Mondoy 1730 96 Fridoy 1726 82 Week ago 1696 50 Hang Seng Index Monday 2685 75 fridoy *****7 Week ogo 2636 47 All Industrials Mondoy 2501.2 Friday ***** Week ago 2556 7 NEW YORK Dow Jones Friday 2280 40 Thursday 2286 36 Week ago *****7
      118 words
    • 187 18 UPI JARDINE MATHESON and Co. the venerable trading firm popularised as the "Noble House", announced yesterday the completion of an acquisition which makes it the largest Pizza Hut franchise operator anywhere outside the US. The distinguished trading house, which has been
      UPI  -  187 words
    • 473 18 SHARE PRICES continued weak at the Kuala Lumpur stock market yesterday although losses were narrowed by selective buying interest. Some counters even mustered enough support to close firmer. Scattered double-digit losses were incurred in the industrials sector. Those which bucked the trend included a
      473 words
    • 250 18 Managers' prices MARA-Bumiputra for May 5 Fvm B'putro 6 3? 6 42 j*i i nifl B'putro 550 555 Singapore Unit Truit Third B'putro 447 4 S2 Th* CoMW'C* 109 The Savingi Fund 092 S'pore frog fund 043 Spore Sac Fund 073 S'por* Invest Fund 0 78 S'por* Equity
      250 words
    • 348 18 MBT YEO HIAP SENG Malaysia it planning to go into retailing following similar moves recently by other public-listed companies such as Lion Corp and Boustead Holdings, industry sources say. It is believed that Yeo Hiap Seng's plans are to open neighbourhood convenience stores
      MBT  -  348 words
    • 1300 18 Correal fa Books Dali Total tar TeM tar payment 4m dooe payable yeer M pear AIN 13 NYA NYA NYA 27% 27% A Enterprises 2%W Jun 5 Jun 17 Jul 3 22% Acme >%TE NYA NYA NYA l%TE 4%TE AjinotDo^o 12% Apr 21 May 4 Moy 18 12%
      1,300 words
    • 425 19 W*3 i By HOCK LOCK SIEW MERCHANT BANKING was the big success story for Haw Par Brothers International last year. Although cost cutting and drastic restructuring played their part in pushing up group pra-tax profits from $18.4 million to $33.3 million in 1966, the brsUtdown of
      By HOCK LOCK SIEW  -  425 words
    • 529 19  -  ■y AMY BALAN UNITED OVERSEAS Finance Ltd, Ote finance arm of the UOB group, is gearing itself for the upturn in the property market. In his latest sddress to shareholders. chairman Wee Cho Ysw notes that there has been improvement in demand, especially
      529 words
    • 481 19  -  By ELAINE KOH THE COMMITTEE of the Stock Exchange of Singapore (SES) has submitted five of the 11 corporatisation propossls to the Monetary Authority of Singapore (MAS) for approval. The list of proposals, which came from stockbroking firms keen on foreign tie-ups, was apparently decided
      481 words
    • 627 19  -  Shares expected to be re-listed by end of the week By AMY CHEOK VAN DER HORST Ltd shares, suspended from trading for almost 10 months, are expected to be re-listed on the Singapore stock exchange by the end of this
      627 words
    • 406 19 THE OVERSEAS Union Bank is looking forward to a year of steady progress with its policy of "selective growth". In his latest annual address to shareholders, OUB chairman Lien Ying Chow said the improving economic and business climate should provide a favourable
      406 words
    • 71 19 8T REPORTED last Thursday that Sanyo Industries (M) Bhd mads an after-tax profit of M 53.67 million on a turnover of M 585.31 million «le year ended Dec 31. In fact, the company Ihcurred a loss of M 53.67 million. Ths report slso stated that sarnings per
      71 words
    • 124 19 Bernama ES AJINOMOTO (M) Bhd. a leading food seasoning manufactursr. has corns out with a new organic fsrtiliser called Amine. Managing director Yukinobu Sato said ths company started selling the fertiliser some time ago. But it received good responss only sfter it chsnged the formula to suit
      Bernama ES  -  124 words
    • 63 19 Bernama ES SIME DARBY Bhd is monitoring developments in the Philippines closely following s threat to destroy for-eign-owned plantations by the Moro National Liberation Front (See Page 4). Sime Derby owns three plantations covsring 7,000 hectares on Basilsn island through a subsidiary. Sims officisls said in Kuala
      Bernama ES  -  63 words
    • 84 19 Company RIGHTS ISSUE S Steamship One-for-four $140 per store E« dote Apr 30 Boots doi* May 8 Company BONUS ISSUE Amcol One-lor-ten Ex dale: May 26 Books dote; Jun 3 FAI Ins One-tor-one Ex-dale: Jun 8 Books dose: Jun 15 FEIS One-for-tour ond sub-division o< $1 par into
      84 words
    • 217 19 Company RIGHTS ISSUE Bedford One-for-one $0 50 per store C I Holdings 27 Million loon stocks in tto ratio of S3 loon Stock for every five ordinory i. k.-l-i snarvs rtviG City D«v One for-four $1 40 per store Cights issue of bonds with warrants in tto ratio
      217 words
    • 251 19 OVERSEA-CHINESE Banking Corp has announced that "OCBC A" shares, which do not rank for any dividend for 1966, will cease to be quoted from Msy 11 and will merge with OCBC shsres from thst date. OCBC has sold 134,000 shares of Singapore Budding Society for $267,911. Its beneficial
      251 words
    • 262 19 LAST FULL YEAR Company Parted 0a*> Yoar Nat EPS Groa NM UMIIMUd •ndbig tcanta) dK profit la* for ($•0001 Fed Cable* Interim Jon 87 6.1751 (i) S J Amol Interim Dec 19 Mar 86 7.3 527 Maloyowoto Interim Dec II Mor 87 30.4931 41 In «>i n 'VUD9D#0
      262 words
  • Page 18 Advertisements
    • 190 18 VAN DER HORST LTD (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an Extraordinary General Meeting of the Company will be held at the Company's registered office at 11, Fandan Crescent, Singapore 0512 on 19th May, 1987 at 10.00 a.m. for the purpose of considering
      190 words
    • 10 18 si (i I* < > K I usiness ON SALE NOW $4
      10 words

  • Page 19 Advertisements
    • 5 19 TSIPI imew PBLUANT m CMBCM
      5 words
    • 122 19 A ANA HOTELS SINGAPORE LTD. NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of ANA Hotels Singapore Limited vM be held in the Cormaught Room, Century Park Sheraton Singapore, Nasaim Hi, Singapore 1025, on Wednesday, May 27,1967 at 11:00 am. for the folouring purposes: 1.
      122 words

  • 346 20 AFP SOUTH KOREAN Foreign Minister Choi Kwang-Soo asked his Japanese counterpart at a meeting in Seoul yesterday to take the necessary steps to correct a "deepening" trade imbalance between the two countries, officials said. Mr Choi also demanded that Japan refrain from
    AFP  -  346 words
  • 661 20  -  Changes in Japan expected to benefit contract By SOH TIANG KENG THE Singapore International Monetary Exchange, which chalked up a new peak of an average of 9,610 contracts daily last month, will introduce Saturday trading in the Nikkei index on May 23
    661 words
  • LATE FILE
    • 48 20 Reuter PRODUCTIVITY In the US non-farm business sector rose et seasonally adjusted annual rate of 1.7 per cent in the January-March first quarter, the Labour Department said yesterday. The rise followed a revised 1.5 per cent drop in the fourth quarter of 1906. Router
      Reuter  -  48 words
    • 30 20 AP THAILAND'S trade deficit narrowed to U*****.9 million last year from US$2.2 billion in 1965, its biggest one-year fall in the past 10 years.
      AP  -  30 words
    • 56 20 AFP THE TAIWANESE government has made subsidy payments of US$lO.6 million to 3,099 miners who have quit their jobs or switched professions since late 1965. A mining official said yesterday that between late 1965 and the end of April, 2,509 miners had each received U551,515 from
      AFP  -  56 words
    • 54 20 Reuter JAPANESE Prime Minister Yasuhiro Nakasone has signalled that he intends staying in power until October, shrugging off speculation that he might step down after the Venice summit of leading industrial democracies in June. Kyodo news service said that Mr Nakasone was speaking to Japanese reporters
      Reuter  -  54 words
    • 33 20 Reuter KHMER ROUGE guerillas warned tourists ysstsrday that they would not ba safe if they travelled to Cambodia's famous Angkor Wat ruins on trips Vietnam plans to organise. Reuter
      Reuter  -  33 words
    • 40 20 Reuter THAI Foreign Minister Skkfhi Savetsila will challenge the Soviet Union to assert its influence over Vietnam to help end the war in Cambodia when he visits Moscow next week, foreign diplomats said in Bangkok yesterday.
      Reuter  -  40 words
    • 33 20 AFP MALAYSIAN Police are searching for five Singaporean trekkers reported missing on Mount Ophir, in Johors, on Sunday. Twenty police and security personnel are involved in the search.
      AFP  -  33 words
  • 245 20 AP THE THAI government has gone on television to defend itself after a poll showed a loss of public confidence. But critics said yesterday they were not convinced by the show. X A poll conducted by Chulalongkorn University showed that Thais
    AP  -  245 words
  • 526 20  -  By JEFFREY TSANG AN INCUBATION centre is to be set up by the National Computer Board by the last quarter of this year. But instead of chicks, this high-tech centre will germinate experts. Although the gestation period is nine months, .the experts that will emerge
    526 words
  • 379 20 Bernama PARTI ISLAM sa-Malaysia said yesterday that the "crisis" in the United Malays National Organisation would persist unless the Prime Minister called a snap general election. PAS deputy president Haji Fadzil Noor said that, going by developments since the April 24 Umno Supreme
    Bernama  -  379 words
  • 125 20 SECOND DEPUTY Prime Minister Ong Teng Cheong leaves for Australia today for a visit at the invitation of the Australian government. Mr Ong, who is also the National Trades Union Congress (NTUC) secretarygeneral, will be the guest of the Minister for Employment and
    125 words
  • 227 20 Reuter A HIGH-RANKING Saudi Arabian official waa quoted yaaterday as having aaid that the leaders of political foes Iraq and Syria had met secretly last week following Joint talks with Jordan's King Huaaein and Saudi Crown Prince Abdullah. The Kuwaiti daily AlOmbMS
    Reuter  -  227 words
  • 371 20 AP TAIWAN will lift its foreign exchange controls when the Taiwan dollar reaches a more stable level in its rise against the US currency, a newspaper said yesterday. The mass-circulation United Daily News quoted an unidentified monetary official as having said that lifting
    AP  -  371 words
  • 83 20 Reuter COM EX silver futures rose on buying generated by a weak dollar yesterday morning, but trading volume was reduced by holidays in Japan and the UK and by the exchange s decision to close early to allow traders to catch up with last week s record volume
    Reuter  -  83 words
  • 65 20 STOCK PRICES yesterday remained slightly higher in moderate volume, buoyed by programme buying and strength in medis issues. But the shadow of s weaker dollar and bond markets cast doubt on US-Japanese trade and the attractiveness of US investments for foreign participants. The Dow Jones Industrisls climbed
    65 words
  • Page 20 Advertisements
    • 229 20 The Marketing Audit June 1& 2,1987 T" Fee: Ss6lo for SIM members/Ss69o for non-members w A highly interactive seminar designed for chief executives, managing directors, marketing sales directors, general managers, senior sales management, financial managers and consultants. This seminar will help to improve your business performance by identifying and re-deploying
      229 words
    • 8 20 Mora Hpfiti on Psqm 4, S and 7
      8 words
    • 170 20 •••(•■•(■faaiMMM Hi imn UUflfji/ VfCVI Let's face it. You've invested heavily in your micro and mini computer to enhance your efficiency and corporate image That's why dot matrix and daisy wheel printers are unacceptable they are obsolete, noisy, slow and very very limited. In contrast, the latest Hewlett Packard LaserJet
      170 words
  • Page 20 Miscellaneous
    • 28 20 Outlook: Showora oxpactad ovor many aroas from lata morning, daaring lata afternoon. Report for 24 houra prior to 7.90pm on May 4 at ftw airport Maximum tamparalura 31.1
      28 words

  • SHIPPING TIMES
    • 600 21 THE CONVERSION of debt to equity has resulted in a steep fall in the sums which Hongkong shipping companies owed to banks. Hongkong controlled fleet has an outstanding debt of about US$3 billion today, nearly US$2 billion lower than the sum owed last year. Around
      600 words
    • 247 21 A JACK-UP drilling rig which cost US$32 million to build was sold at the bargain price of U*****,000, setting a new low for this type of unit. Only last year, a sister rig was bought at an auction for US$2.5 million and quickly sold
      247 words
    • PORTSIDES
      • 119 21 AFP KENYA has offered Zimbabwe the use of its port of Mombasa for trade, the official news agency Ziana reported. The proposal was made by the head of the Kenyan Ports Authority, Odera Ongola, currently in Bulawayo, in the southwest of the country, for an
        AFP  -  119 words
      • 149 21 UPI THE CHINESE suthorities have fined a Swiss sailor US$lOO for firing an air rifle at a Chinese Immigration Officer in the port city of Shanghai. The Shang-hai-based Wen Hui Bao newspaper said the seaman was enraged at being asked by the Immigration Officer
        UPI  -  149 words
      • 159 21 AP ONE MORE BODY was retrieved from the Herald of Free Enterprise, the British ferryboat that capsized off the Belgian harbour on March 6, bringing the confirmed death toll to 183, Belgian navy officials reported. A Belgian navy spokesman said the 183 confirmed victim was a British
        AP  -  159 words
      • 62 21 AFP SOUTH KOREA'S Daewoo Shipyard has received a US$43 million order for a 250.000-ton oil tanker from Hongkong's Worldwide Company, Daewoo said. The tanker, to be 322 metres long and 56 metres wide, will be capable of transporting two million barrels of crude oil and is
        AFP  -  62 words
    • 836 22 NYT SINCE EARLY THIS YEAR, a Soviet frigate has been steaming outside the Strait of Hormuz at the entrance to the Persian Gulf. Whenever a Soviet merchant ship heaves over the horizon, the frigate falls in alongside to escort the vessel
      NYT  -  836 words
    • 950 22 THE reported fixing of a Panamas veeeel to carry grain in consecutive voyegee over one yeer from the US Qulf to Holland featured the freight market on Friday, shipbrokers said. Although no confirmation of the business was obtainable, the veeeel is said to have received a rata of
      950 words
    • 730 22 AB Shpg V 5 ABC Contoiner VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrons VII 3 Artro Service IV 2/3 ANl 1 1/2 A PC line V 4 Afl III 2/3 ASCI M 1 Balt-Conoda I in* VII 4/5 Bait-Orient Lin* VII 4/5 Bonk
      730 words
    • 174 23 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
      174 words
    • 177 23 WITH the continual support of the government, the prospects of the Thai merchant marine fleet remain bright, says a senior official of the Thai Mercantile Marine Promotion Commission. The Thai merchant fleet stood at 152 ships aggregating 648.773 dwt, compared with 151 ships
      177 words
    • 355 23 Lloyd's List TWO OF THE WORLD'S largest reefer market companies have joined forces to develop a new vessel design which will form the basis of a fleet renewal programme. Stockholm-based Cool Carriers and Irgens Larsen of Oslo are behind the vessel type
      Lloyd's List  -  355 words
    • 348 23 THE AMERICAN Bureau of Shipping which celebrates its 125 th anniversary this year has re-orientated its structure and business approach. "On the one hand we have made every effort to reduce expenses to an absolute minimum, while on the other we
      348 words
    • 178 23 CLIFFS Drilling Company and Neddrill have teamed up to offer oil and gas operators a turnkey deal to drill wells on land and offshore. The new venture, Cliffs Neddrill Turnkey International, will minimise financial risk in drilling to operators. A turnkey
      178 words
    • 259 23 AFP THE BUOYANT mood in evidence as business picked up in the aftermath of the Easter break was dispelled during the past week as demand faltered, with many European centres on holiday last Friday ahead of closures in London and Tokyo on May 4. The severely overtonnaged situation
      AFP  -  259 words
    • 315 23 SPA THE SHARE of the Nation***Shipping Company of Sau®T Arabia in goods transported to the Kingdom's ports increased to 15 per cent by the end of 1965 due to its good marketing efforts in government and trad--; ing sectors, Dr Saad
      SPA  -  315 words
    • 9465 28 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.
      9,465 words
    • 1369 30 AT CONVENTIONAL WHARVES VmmI Barth Arrival Departure KEPPEL WHARVES Boot tor 2 KI7 olongsid* 0506*1600 Doqmgsnon K33 olongsid* 07 OS/OtOO Folcon Arrow KIS oiongud* 07 06/2399 F*ngqing K3S olongsid* 07 05/2300 Hua Woh KI9 olongsid* 0506 7300 Huong long K27 olongsid* 05 05.0600 J id' KIO olongsid*
      1,369 words
  • Page 21 Advertisements
    • 752 21 M m ml 1 Mammoth Hunters Jtan M. Auel L J coronet books AvaMaM* at ail Good BooksAops /K*\STP Distributors ■jIM 2 Jurang Am Road Sngwon Oil 4 Of r*TVS *»KWw%; Ooctf OOCL CtUaitm Line WW JARMME SHIPPING AGENCIES Nr. KW/MK 200 Cantonmnt IM #12-06 Umfm. Swp*ore QBB Tat 221
      752 words
    • 67 21 A SOVIET frigate has been steaming outside the Strait of Hormuz at the entrance to the Gulf. Page II TWO OF THE WORLD'S largest reefer market companies have joined forces to develop a new vessel design which will form the basis of a fleet renewal programme. Page 111 Index to
      67 words
    • 1019 21 v r BALT-ORIENT LINE ~M 2 Baltic Shipping Co Ri|liv ScrvKd from South East hk to -r-i < MAERSK LINE EUROPE The Direct Line Towards A Weekly Service TNe MM Am) M CJoang Time CY 5/5 2300 HRS CFS 6* 1300 MRS AXEL M CORNELIA M ARTHUR M ANDERS M
      1,019 words

  • Page 22 Advertisements
    • 430 22 A\ Long B«a oh \'v\x/rU\XV' immh ii nrrr ow York Double track, double stack Now, two routes from the West Coast to Chicago, New York and many other points. From March, "K" Line offers a new double stack train service from Seattle to the Midwest and East Coast. Like our
      430 words
    • 18 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National VvltiEal Shipping Association
      18 words
    • 165 22 OUTBOUND TO NORTH AMERICA SENATOR LINIC ACCEPTING CARGO TO LOS ANGELES, SAVANNAH, ON REQUESTS. ■AM, BALTNBORE ft NEW YORIL OTHER BEST PORTS INBOUND FROM EUROPE 11' i i H i 1 v w jm rrnrrri TEL: 534-1477 TAX. *****23 AMERICAN SENATOR EE m IMJLv WMMJ EUROPEAN ttNATOR QW 22JSJ7 SJU7
      165 words

  • Page 23 Advertisements
    • 885 23 The Straits Steamship Group wm Mansfield Container Shipping Re Ltd po rvpj P&O Containers Limited Tmt\:;ir .a v; fiK> .nTT M W M mmm m w ■H IW l» w w m i«* m an a* an an an a* up an on an an up up up mp mp
      885 words
    • 543 23 CHARGEURS REUNIS ,med club member, Spar* P.Mm tm, Mlfar U 12 a* at KMC HAKATA MRU Gmm* Tri«te fpm H Apr Star 14 Itey iSy 8 7My UMy V Iby Ml% lSMty 4JM MEDITERRANEAN SHIPPING COMPANY S.A SWITZERLAND IV v; TBM VSL 6/5 TBD VSt 17/5 TBH YSI 1/6 nxtfl
      543 words

  • Page 24 Advertisements
    • 319 24 /NTAINERSHIP SERV[CEJO UK^CONTINENT MX UK INLAND DESTINATIONS. BELFAST, DUBLIN COPENHAGEN. AAIHUS, QOTNCNBUM, HALM. HELSINKI. OSLO. ABBTUOAM CAHIMEAN A S. AMERICA LONV SE M! CONTAINER SERVICE TO EUROPE S'POOI H'BURG ROAM A'WERP MM RS DALIAN 17/5 11/t W 3ft 27ft ;ONV SEMI CONTAINER SERVICEJO MED EUROPE IP fK PEN TRIES LEX
      319 words
    • 629 24 •fi.** LINE t—tA tmtefmt c»r~AT*m FULLY CONTAINERISED SERVICE TO FtIROPI VIS Sill/ Mpnibri ol lh» *1 CnnsixtHim rpm VtRRAZANO BRIDGE NT 6/5 |ZVS TRANSNORU) BRIOGE CTf U/5 1/1 XVM SEAS BRtOGE Ml 20ft W ACE CONCORD W 27/5 [lVt •pkoam cm via nun vaaa fROM IJROPE VIA SUfZ Member ol
      629 words
    • 369 24 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: SPORE PT E~*2JM KOTA KINABALU CALICO SNIPMI6 PTE LTD Tal: ISM TU: RJ BUI CAUCO FAX. PERKAPALAN UTAMA SON RNO TH KUM KESAMAN SNIffINC SON BNO T«t amm <1 m f«e mm K&S LINE JAPAN'HUNG KONG SIHAIIS Sfc HWIUh ETERNAL
      369 words
    • 1180 24 *nr' *1 ©EVERGREEN Round-The-World East Bound (FE/CARIB USEC/FURO/FE) scp hkc uc kl« pus os* tto ksn cm ire —ST —hST EVER GRAND *5 12ft 1«S lift m EVU ORTAIN/EVER GENTRY 11/5 170 110 lift EVER GOLDEN/EVER GENTRY Ufi 17/5 I*s 21/5 m EVER GLEAKY Nit M K Oft EVER LAUREL
      1,180 words

  • Page 25 Advertisements
    • 593 25 41 PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL OOWA KOTA SING A MAJAPAHTT MURORAN (HOKKAIDO) *HTC HITACHI INDONESIA CONTAINER SERVICE i VESSEL SEA HAWK SEA HAWK SEA HAWK BANGKOK CONTAINER SERVICE VESSEL VOY SIN MY SMG SIN BLW
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    • 110 25 188 NORBULK NORBULK CARGO SERVICES LTD. r REGULAR CONVBfTIONAL TIMBER AND PLYWOOD SERVICES TO UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS SWK/SABAH SPORE LOADING FOR NORBULK NBT-1Q 15/5 ■ADRAS/VIZA/CALCUTTA SPORE MARATHON UNITED AGENCY PTE LTD TEL W MALAYSIA SP YEO SHIPPING i TRADING KL T!W P* MBlOl PfNANG TANJUNG MARINE SDN
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    • 528 25 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT City rf Mmkuff* Frmklvrl Eiprtu K.tam Mar. IT KjmMu'i Maru EXPRESS CONTAINER SERVICE FROM UK/CONTINENT MM I HAVEN R DAM HAVRE STOW Sa.lM Sa.lM S*M SaiM SaiM Haa*ar| Eiprm SatM SaiM Krtana N*'u SailM SailM Larp by SaiM SailM Kamturi M*ru SailM
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    • 484 25 DJASAGETRI A Joint £urof» Servtc* Of: P.T. BJAKARTA LLOYI P.T. KMN LUYI M. tMNGUk \mWOUi f.T. TMKOM HI H II VESSEL/VOY GANDA GAMA/IfWB HATARAM/IMTB PALEMBANGrtW KUTAIfUWB ANTWERP BILBAO BREMEN A'OAM/R'DAM H BURG 1/7 11/7 11/7 up 12/7 I*7 11/7 13* to Mwomont Abo accipUng cargo to CMtMmea, Port taM, Port
      484 words
    • 293 25 BOUSTEAD SHIPPING AGENCI MTONEYWA V224W PACAN VW fAOO Lojdinf for Emu NORTHBOUND TO UKC MORAYBANK V3N TAGAMA VIN CLYDEBANK V2ON FORTHBANK VI9N BURMA FIVE STAR (Burmese National Lftfe) Loading for Rangoon S pore P.Kelang Ptnang Bangkok l VuSr 14/15 Hay 13/14 Hn BANK LINE SPORE ROAM HULL 14/5 10/6 19/6
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  • Page 26 Advertisements
    • 1161 26 Ej K LINE KAWASAKI KISEN KAISHA, LTD. FEEDER V$L MOTHER VSL SPORE PKLC F B BRIDGE VS TIN (llhy 7 Bay cernuiL mam/mum* PNC SPOKE KOBE (Bay 10 May ft May GUAYAQUIL CALLAO ABIC A IQUIQUE AFACASTA S ANTONIO VALPARAISO 7 Jun IS inn It Jun FEEDER VSL F N
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    • 676 26 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contalrvare Feeder P Kelanj Lm*r Vessel S port Mdb Fram Sydn Alio Accapl CALABAR V.34 12 May "KABIROAS" V 34 20 May 4 Jun* 13 Jun* 11 Jun* MM Bra ESTECLIPPER Vl4 4 Juno RAMDAS' »29 10 Jun* ?S Jun* 4 July 2 July
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    • 739 26 GOLDEN LINE GUAM GUAN SHPPMS (PTE) LTD 23. M «r«• Sir** SMGAPO* IIM 18. S343MS (II IMS) STRAITS/PERSIAN GULF SERVICE: pa***, GOLDEN HARVEST Cotomto/lUrcMfcnt Qahaw/PutaiHpl May GOLDEN HAVEN Catonto/Karacfc/MuKat/Brtirain WIS Mr CHINA OCEAN SHIPPING CO., PEKING 'At: 'Si: V ILH 1. 11 11: LI 3 1: .1 i ins i
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    • 327 26 mmrnm PHIIIIRQN SHIPPING AGfNCKS PU PHIII OR IF N J lIWS PTf t IP £3 Hi ;'< t" i P if- nil «r b it fir :>iir '1 »i IH*. MIDDLE EAST/FAR EAST FCL LCL SERVICE VESSEL I ETA SINGAPORE *5. 11/5 ML 3/5 T73 rtirrri rm VV,.T.:'^ EAST/WEST AFRICA/MED
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  • Page 27 Advertisements
    • 620 27 NOL NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE. LTD. EE EU/AUST TPA/SEA Tmtel CFS BOOKINGS *****53 *****42 turn mm KB! SK NEPLINE SON. BHD. 3HM7 NEPLINE SON. BHD. SMB3 NEPLINE SDN. BHD. iaooSft27ooo*l7o»l/127*2 NEPLINE SON. BHD. *****0/*****1 IN*ARD/OUTWAAO ENQUIRIES: *****44 'MMi VRBRIOGE m* WBRIOGE37W A CONCORD ML W 16* 17*
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    • 371 27 HEUNG-A SHIPPING Korean Flag Vessels a DOM AM SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG PENANG, BUSAN. INCHON VttMl't Ntmt No t Donam/70SN No J Docam/7Q3N M Enttrpriw/710N No 7 Don»m/704N No t Donam/704N No i OommßVUi No i oonjm,7o4N M EntorpriM/7UN No 7 oontm/7KN S PORE AGENTS NEPTUNE AG£NCiCS PTE
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    • 440 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Strwt Singapore 0104 Tal: *****33 (15 Unas) Terminal Off tea: *****41/2 Cable Address SINSOV SINGAPORE Teiex Numbers RS 213 M RS ***** RS ySff&NC ststhi co saw, we. ummi tnonc mmw w pmhsnm^pmnlMii PASM 6UOANa: FJ. aVMt AfICNCY SON.
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    • 22 27 FERI MALAYSIA SDN. BHD. CONTAINfP PA||f!lSt[ MfMY SJPVIf.f MIAN'AN KIJCHINI. KINARAIU 9| SO A. fPTING SUF I>PIVf N Hf ft y WHIUtS
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  • Page 28 Advertisements
    • 426 28 SINGAPORE SHIPPING CORPN.tPTE) LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD VEB DE UTE R ACHT/SE EREEDEREI ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE TO EUROPE 11/' 1 inzaaga lIH'H" a •VIA COLOMBO Accepting cargo for Bombay. Cochin Madras "VIA LARNACA Accepting cargo tar Piraeus.
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  • Page 28 Miscellaneous
    • 148 28 n V /jr i V L r 4 '/> -xE SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND* R Thunderstorm Temperature °C Weather s-J Wind direction with speed in knots R in Wave height Cloudy Sky Barfaee winds we Indicated by arrows which fly with the wind
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  • Page 29 Advertisements
    • 184 29 CALL US AT: P. KELANG PENANG J. BAHRU P. GUOANG i SINGAPORE K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE IE-i rJTr I t M :'TTI rrr 0 BUTAJK 237 1V,7 rm UK 12JS IMS P. PERMAI ISO B. BUTANC 343 OTHER DESTINATIONS: AARHUS, AMSTERDAM, AH TWER*, BASLE. BREMEN. BREMER HAVEN.
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    • 240 29 ACCEPTING LCL/FCL TO:lISA 10 5 T0: LA/ 16 OAK/SF, N.YORK 6BLBIBB BUBJU BURMA 17/5 LA/LB, OAK/SF, N.YORK ACCEPTING DOOR TO DOOR DELIVERY:ACCEPTING LCL/FCL TO ALL PORTS/IPI PT. KELANG TO KOTA KINABALU IN CONTR LCL/FCL weeny:- TRANSTAINERS LINE WEST AFRICA SERVICE BANGKOK HONGKONG BUSAN H/5 B/5 TO: TOKYO PT KELANG PENANG
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  • Page 30 Advertisements
    • 395 30 FARGO SHIPPING COMPANY (PTE) LTD. regular express full container AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA7Canada/Europ«/M«dltwrran«an V»l ANTWERff N C. VEROLME TBN HELEN El CHEZ* El 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49
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    • 152 30 ASIA —WEST AFRICA ii(])M|icr•' A• nts HAH hi MMI DAKRY SHIPI'INi, Pll lit) Id MSIHBX (V'i.'h 0 INTRANS DISTRIBUTION SERVICES PRIVATE LIMITED Tel: *****33 Tlx: RS ***** Fax: *****79 INBOUND REGULAR FCL AND LCL CONSOLIDATION SERVICES FROM TOKYO KOBE ROTTERDAM OUTBOUND REGULAR LCL CONSOLIDATION SERVICES TO BANGKOK HONG KONG ROTTERDAM
      152 words
    • 176 30 COLUMBUS LINE REEDEREI GMBH A Sf R\U f (II MAMHI lk( iSI l[ IXPRFSS SEMI CONTAINER SERVICE TO ROVA'DMI HK HULL (U.K.) MR IV* IV* 22* M W v? aH vSi SHBB FORTHBANK VI9S IVYBANK VI9S To Port Moresby. Lac. Oro Bay Rabaul.Madang. Kimbe and Kicta Sf4l lON SM'Pf'NG fS)
      176 words
    • 426 30 ftos» v- -t>/ m Mitsui OS K. Lines. Ltd CONVENTIONAL/SEMI-CONTAINER LINDENBEL VOY. EAA4A 5 May Mombasa. Daressalam. Tanga NEDLLOYD MOJI VOY. EAB32A 15 May Mombasa. Daressalam AFRICA MARU VOY. SWA26A 28 May Port Lou«. Reunion SUBJECT INDUCEMENT AFRICA'S TELAMON VOY.WAA2A 18 May Apapa. P. Harcourt EARNEST VENTURE VOY.WAB22B 12 May
      426 words