The Business Times, 7 February 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 THURSDAY, FEBRUARY 7, 1185 fiO CENTS
    12 words
  • 296 1 Bernama TRADE and Industry Minister Dr Richard Hu has "great expectations" that the meeting between Asean economic ministers and US Trade Representative William Brock tomorrow will be fruitful in resolving some of the outstanding issues affecting trade between America and the
    Bernama  -  296 words
  • 505 1  -  Potential buyers likely to ask for more discounts By LEE HAN SHIH THE |70 MILLION worth of offices that caused the break-up of the original SGV-Goh Tan partnership are now back on the market for $23 million. But although the asking price
    505 words
  • 452 1  -  By JEFFREY TSANG A SINGAPORE contractor has just signed an agreement to lease and run a 200-room hotel in Jiangmen, China, which will also open its doors to Taiwan nationals. Pung Toh Co concluded six months of negotiations with Chinese company Chee
    452 words
  • 104 1 Reuter INDIA HAS SENT about 100,000 troops close to its border with Pakistan without explaining to Islamabad the reason for the sudden move. A senior Foreign Ministry official said in Islamabad yesterday that the deployment was a "menacing concentration of Indian forces within striking distance
    Reuter  -  104 words
  • 306 1 AFTER CHIPPING away at share prices in the previous three sessions, sellers took a bigger bite yesterday, and stocks fell sharply across a broad front, littering the board with double-digit losses. The Straits Times Industrial Index lost a hefty 12.99 points to 812.14
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  • 459 1  -  By LOH Hill YIN A SINGAPOREAN will manage the newly-incorporated equipment repair company in Chiwan, China, formed by Chinese and local companies. Mr Michael Chia was appointed general manager of Nanhai Oil Equipment Repair and Maintenance Services, Shenzhen Co Ltd (NORMS)
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  • 466 1  -  By ANNA TEO FEWER EMPLOYERS conducted recruitment talks at the National University of Singapore this year. Twenty-four employers, compared with 31 last year, met final-year students from the different faculties during the past few months. And as of Jan 18, only 25 companies
    466 words
  • 48 1 THE UNITED NATIONS Secretary-General, Mr Javier Perez de Cuellar, will make a brief stopover en route to New Zealand today at the invitation of Prime Minister Lee Kuan Yew. During his stopover, the Secretary-General, who is accompanied by his wife, will have discussions with Mr Lee.
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  • Page 1 Advertisements
    • 207 1 IbpsfciCarAudo Technology FUJITSU TEN LIMITED AMATEUR PHOTO STORES LTD. Singapore: Phone *****22 Kuala Lumpur: Pnone *****3/*****0 ••nana: Phone *****/***** Jakarta: Phone *****9 definitely not with our Great Executive Unwinder thate not only relaxing but healthy too! The Unwinder is an unbeatable 6-week package of fitness culture and no less than
      207 words
    • 263 1 )'$;@[==(@&<)^@|=^$$~.$',@\<]-> RAW MATERIALS DOONESIURY CROSSWORDS LETTERS TO EDITOR MONEY ft EXCHANGE 7 SHARE INFORMATION 13 INTERTURBINE Singapore has embarked on a $4.4 million expansion programme to upgrade its aero-engine repair facilities, bringing its total investment in Singapore to $12 million. Pag«2 SAUDI Arabian light crude, the official morket price indicator,
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    • 159 1 Fa* report, Rao* 15 Asian stocks, Pago 11 iniffniiKHw STOCKS, rtflf 1U K f k.v Daily interest credited monthly. FIXED DEPOSITS 3 months 514% p.a. 6 months 5%% p.a. 9 months 6%% p.a. 12 months 6%% p.a. PRIME LENDING RATE 8 1 2 p.a. HOUSING LOANS 9%% p.a. 1 to
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    • 1 1 Rodenstoch
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  • HOME NEWS
    • 411 2  -  Company spending $4.4 m to upgrade facilities By YAP BOH HOON INTERTURBINE SINGAPORE has embarked on a $4.4 million expansion programme to upgrade its aero-engine repair facilities, bringing its total investment in Singapore to about $12 million. Part of the Dutch-owned company's programme involves the
      411 words
    • 135 2 THE National Dance Company is inviting applications from ethnic and ballet dancers to join its ranks. Dancers who have a minimum of three years' dancing experience or training with any cultural organisation, school or private teacher are eligible. They must be above 14 years
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    • 356 2  -  By QUEK SWEE PENG CITY DEVELOPMENTS has revived a scheme to ease buyers' financing needs which may encourage sales but could strain the developer's cash flow. Under the deferred payment scheme, a buyer pays 20 per cent of the purchase price first and
      356 words
    • 122 2 THE ORIENTAL Singapore has adopted a new logo in the form of a maroon-coloured open fan (see above). This follows the announcement of a new corporate image involving a new name and logo by Mandarin International Hotels Ltd, which will be managing The Oriental Singapore
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    • 110 2 ALTHOUGH there is no Chinese equivalent to the word Bistro, there might soon be if the system of bilingual signs at the Marina Square shopping and hotel complex catches on. The billion-dollar project will have 1,400 signs using both English and Chinese.
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    • 371 2  -  By JOHN LIM LOVERS of the Calmex brand of abalone need not fear having to go without it this Lunar New Year. Fook Huat Tong Kee Pte Ltd, which successfully tendered for 1,161 cartons of Calmex brand abalone left behind following the collapse of Chop
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    • 254 2 TELECOMS has commissioned a research company to conduct a market survey of its radiopaging services. Frank Small k Associates will conduct personal interviews with 1,500 subscribers of Telecoms paging service from Jan 31 to March 15. Telecoms said that the objective of
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    • 382 2 A LOCAL tyre company recently brought in two large shipments of Indonesian-made tyres in a bid to diversify its source of imports from Japan. The company, Stamford Tyres, received its largest shipment of 15,000 light truck ard heavy-duty lorry tyres from an Indonesian manufacturer more
      382 words
    • 76 2 THE WOMEN'S Travel Club of Singapore has elected Mrs Eunice Chua of Qantas Airways as its new chairman. The club, which consists of female executives in the travel trade and related industries, is a member of the Chicagobased International Federation of Women's Travel Organisations (IFWTO).
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    • 57 2 THE High Commissioner of Tanzania to Singapore, Mr Mohamed Ramia Abdiwawa, presented his credentials to President Devan Nair at the Istana yesterday. Mr Mohamed Ramia Abdiwawa, the former Finance Minister of Zanzibar, is married with six children. He is a member of the Revolutionary Party of
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    • 268 2 TELECOMS is introducing a new radio telex system which allows automatic connection of telex calls from ship-to-shore from today. A rate of 0.45 Gfc (goldfranc) per block of six seconds will be chargeable to all users of the new telex system.
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    • 400 3 CMR FAR EAST, a French company here, has entered into a $1.7 million contract to transfer the technique of making temperature sensors to Shanghai Instrumentation Industrial Corporation. The five-year arrangement with the Chinese company, belonging to the Foreign Trade Import Department, is
      400 words
    • 367 3  -  sy ANNA TEO THE CAUTION sounded by the Ministry of Health over the use of ultrasound srsnning on pregnant women was apparently just that a caution. Doctors feel the issue to still inconclusive, and on the hnslw side, medical equipment dealers do not think that
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    • 247 3 NEW PIN, bush and bearing sets for dies in high speed presses are being introduced to markets in Singapore and other Asean countries. The die sets have nontracking, circulating bearing cages that outlast conventional pin, bush and bearing cage assemblies which are subject to tracking difficulties. Manufactured by
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    • 86 3 Reuter A BRITISH AIRWAYS Boeing 747 landed here safely yesterday after turning back because of engine problems. The plane, carrying 150 pasengers, was on a flight from Melbourne to London with a stopover here. It reported engine trouble 20 minutes after taking off
      Reuter  -  86 words
  • Page 2 Advertisements
    • 57 2 7 m a x /i Everyone admires The bold new look from Arnold Palmer. Racy colours or soft pastel shades, that's the Charge range by Arnold Palmer. In cool, cool mercerised cotton to keep you casually comfortable all day or all night It's a look that says A) you're in
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    • 65 2 \> c< iilkV n i&d&j KING OF THE S WDKIM >N Jockey Chris Englund, five times Derby winner, is confident of his sixth and greatest win "with the promising thorough bred, Knidos. But someone has determined with deadly finality that Knidos isn't going to win someone with millions to spend
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  • 756 3 Seminars and courses DURATION TITLE VENUE ORGANISER Feb 7-8 Feb 7-8 Feb 7-9 Feb 11-12 Feb 11-16 Feb 12 Feb 13 Feb 13-15 Feb 14-15 Feb 16 Feb 25 Feb 25-28 Feb 25-Apr 15 Feb 26-Apr 16 Feb 26-Apr 16 Feb 27 Feb 27-Mar 1 Feb 28 Mor 1-15
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  • Page 3 Advertisements
    • 577 3 Manufacturers Hanover completes another record year. Extracted from a letter to shareholders by John F. McGillicuddy; Chairman. "I am very pleased to report that our corporation's earnings reached a new high in 1964. In fact, our net income of $352.5 million represents thin institution's 12th consecutive year of record results.
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  • OVERSEAS
    • 666 4 Pressure on central bank to permit rapid growth of money supply FT PRESIDENT Ronald Reagan h*a voiced explicit criticism of the Federal Reserve Board's recent conduct of monetary policy amid signs that his administration is putting political pressure on the independent central bank
      FT  -  666 words
    • 283 4 AFP AMERICAN Budget Director David Stockman, in an unprecedented attack on Tuesday, lashed out at the military establishment and at fanners for wasting taxpayers' money. Referring to military men, whose retirement programmes will cost the nation more than USH7 billion in 1986, he said: "When
      AFP  -  283 words
    • 375 4 FT CHINA PLANS to boost production of consumer goods over the next five years to meet the needs of a population becoming richer and more choosy. According to Mr Weizhong Fang, vice-chairman of China's State Planning Commission, sectors marked for strong development
      FT  -  375 words
    • 194 4 AFP THE Business Roundtable, which groups the leaders of 200 of the most powerful US companies, yesterday criticised President Ronald Reagan's proposed 1986 budget (or failing to demand "universal sacrifice from all budget areas". On Tuesday, the National Association of Manufacturers and
      AFP  -  194 words
    • 502 4 AFP OIL-CONSUMING countries drew massively on their crude oil stocks in January. The latest consumption and supply estimates released by the Paris-based International Energy Agency (lEA) yesterday suggests that the 13-nation Organisation of Petroleum Exporting Countries is likely to face a further cutback
      AFP  -  502 words
    • 330 4 AP THE RICH industrial'countries of the world have been urged by the director of the International Monetary Fund to roll back "protectionist" measures that keep Jobs and business at home by imparts from abroad. "In 1983, products subject to restriction accounted for
      AP  -  330 words
    • WORLD IN BRIEF
      • 38 4 PAPUA New Guinea has bought three surveillance planes from Israel to patrol its border with InThe Arava surveillance and transport planes were bought from the stateowned Israel Aircraft Industries, the Age*newspaper of Australian reported on Wednesday.
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      • 60 4 A VETERAN Filipino Journalist kept under bouse arrest since 1563 has won the Golden Pen Award of the International Federation of Newspaper Publishers. Joaquin 'Chino' Roces, fanner publisher of Manila Times, was chosen as this year's winner "for his outstanding contribution to the long struggle to defend the
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      • 58 4 THE American Senate Judiciary committee has approved by a 12-6 vote the nomination of Edwin Meese to be AttorneyGeneral and sent its recommendation to the Senate, which must give final approval. "Not only is Mr Meese qualified to be AttorneyGeneral. but he is a man of honesty,
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      • 73 4 FORMER national security adviser Richard Alton said the US must be prepared to decide if it would send American troops to the Philippines "in the face of an imminent communist takeover." Mr Allen told the Senate foreign relations committee that "vitally important" US military bases at-Clark Field
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      • 51 4 TEXAS gambler William Bergstrom, who last year created Nevada gambling history by losing US$l million on a single roll of the dice, has apparently committed suicide. "He told me how rough it was to have a $1 million one day and not the second," casino manager Ted Blnion
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      • 77 4 THE American State Department plans to press its request that Taiwan return to the US two sus- pects wanted In the murder of a Chinese-Ameri-can writer in California last Oct 15. Taiwan has rejected the request because it has no extradition treaty with the US. Taiwan also told
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      • 49 4 TAIWAN will send a procurement delegation to the US in April to buy US$2OO million worth of industrial and farm products. The delegation will be the 10th dispatched since Taiwan initiated the 'Buy American' policy 1978 in an effort to ease its trade surplus with the US.
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      • 62 4 Agencnies AMERICA may retaliate if Japan does not allow US companies access to its telecommunications market. John Stern, senior representative in Japan of the American Electronics Association, says the US electronics industry is trying to ensure that regulations in force when the telecommunications industry opens to private companies
        Agencnies  -  62 words
    • 199 4 Reuter WASHINGTON'S plan to eliminate nearly US$4 billion in direct loans by the Export-Import Bank will weaken efforts to correct the record US trade deficit Referring to the proposal by the Office of Management and Budget in the 1986 budget, Senator John Heinz said: "The
      Reuter  -  199 words
    • 250 5 AP CAMPAIGN violence in South Korea is reported to be increasing, just one week before national assembly elections. Seoul police said yesterday that they were questioning about 200 people, mostly students and workers, in connection with a street demonstration in downtown Seoul
      AP  -  250 words
    • 343 5 UPI VIETNAM shelled Khmer Rouge forces with heavy artillery yesterday, triggering fierce fighting along a 35 km stretch of the ThaiCambodian border. The Thai military barred reporters from the fighting south of Aranyaprathet but the sounds of artillery and mortar explosions and small
      UPI  -  343 words
    • 183 5 Reuter THE FUTURE of Speaker's Corner, the 130-year-old "soapbox parliament" in London's Hyde Park, is being threatened by a small but vociferous group of hecklers. Police said the orators, who traditionally mount crates (soapboxes) every Sunday morning to peddle their views, have complained of
      Reuter  -  183 words
    • 483 5 Reuter EEC GOVERNMENTS must decide by the end of this month how to finance a deficit in the group's draft budget to avoid "deep trouble" in its finances. EEC Budget Commissioner Hennlng Christophersen yesterday predicted problems in meeting commitments
      Reuter  -  483 words
    • 152 5 Reuter A WHITE HOUSE report said the benefits associated with corporate takeovers outweighed the dangers and recommended against new federal regulation of tactics used by bidders or target firms. The Council of Economic Advisers (CEA) devoted a chapter of its annual report
      Reuter  -  152 words
    • 345 5  -  By BRIAN GOMEZ SAUDI ARABIAN light crude, the official oil market price indicator, has lost its preeminent role in world spot markets to Brent crude from the UK sector of the North Sea. "On some days on the Rotterdam spot market, as
      345 words
    • 299 5 Reuter INDIA has expelled a Soviet diplomat on charges of being involved in the spy scandal that has rocked the country. The Indian Express newspaper said yesterday that the Soviet diplomat as well as one diplomat each from the Polish and East German
      Reuter  -  299 words
  • Page 4 Advertisements
    • 628 4 A /ASIAN PUBLIC muaiONS COMOWra <§y PUBLIC RELATIONS NEW h WW—WG TACTICS Sponsored by the Institute of Public Halations of Singapore 4-6 March 1986. Pavilion Intar-cont mental, Singapore OPENING ADDRESS Mr Kenneth Seeh P.P.A. FIPRS and Public Relations Consultant a SPECIAL MESSAGE A COMMITMENT FROM TOP MANAGEMENT: BUILDING THE ENVIRONMENT
      628 words
    • 69 4 Can a gourmet be won over by a mask of indifference? Phizzog is now appearing every Monday and Thursday. If you haven't yet seen this master-piece of mime and mask theatre now is your chance. Between your Glace au Chocolat and the Cafe au lait we give you a generous
      69 words


  • WORLD BACKGROUND
    • 895 6 Reuter AP THE Reagan administration is considering further reprisals against New Zealand for rejecting a visit by an US warship in order to head off a possible wave of similar anti-American actions by other allies, according to Washington officials. But they
      Reuter; AP  -  895 words
    • 596 6 AP HEADS turn at Athenian diplomatic parties when Igor Andropov, the Soviet Union's new ambassador to Greece, enters with his tall blond wife, Tatyana. Andropov, 43-year-old son of the late Soviet leader Yuri Andropov, instantly became the star attraction on the Greek
      AP  -  596 words
    • 702 6 AP TEN YEARS AGO this month, Britain's Conservative Party virtually by accident elected its first woman leader. It seemed a gamble, but Margaret Thatcher has stamped her distinctive style and right-wing views on her party and nation more forcibly than
      AP  -  702 words
    • 768 6 ARRIVALS Operator Sonric* number Local ttm* From KAL PAA LUFT MAS MAS MAS MAS RBA StA AC CPA QA OA KE687 PA5 LH688R MH681 MH603 MH671 MH8I1 BU21 SO 103 AC858 CX7I0 GA887 GA960 0030 0155 0250 0620 0905 0935 0940 1000 1005 1015 1030 1055 1100
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  • Page 6 Advertisements
    • 42 6 ?<_;(*"?^{:%%}+<+"=-&/>-=`&,($! NIAOAMAN ViT Where East meets West. For the very best in Japanese and Continental dining where else but the Shangri-La. RESTAURANT Latour Ample FREE parking. For reservations, nng Fsther on *****05 or *****44 ext. 1954. Shangri-La hotel SINGAPORE A SHANGRI-LA INTERNATIONAL HOTEL
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    • 17 6 I¥W /W1 Pan Am First Class. First In Space 1 first In Luxury. I irst In Comfort.
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  • Page 6 Miscellaneous

  • BANKING AND FINANCE
    • 1037 7 The US dollar lost part of its early gains in quiet late trading yesterday due to some profit-taking, but still closed higher on balance compared with New York's levels. The dollar closed firmer at 3.2230/ 40 marks compared with New York's 3.2210/25 close, but below its high of
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    • 225 7 Interbank rates at 3pm yesterday. c NOffliAM ri'M sr Quoted yeelerdey cj roee parity Local dollars to on* unit of foreign currency: -20 66 US dolor 2.2370 ***** 2 8196 Sterling pound 2 4864 2 4897 7 3469 -66.16 Australian dollor ***** 1.7501 3 4286 -49 01 NZ
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    • 123 7 THE OVERNIGHT rate on the Singapore interbank money market rose by 5/8point from Tuesday to close at 5-3/4 per cent yesterday. The one-month term rate fell by 1/8-point while the two and three-month term rates fell by 1/16-point each. S$ interbank rates at 3pm yesterday Offer Bid Overnight
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    • 54 7 THE Monetary Authority of Singapore has invited banks and discount houses to tender for $65 million of 91-day Treasury bills to be issued at the option of the tenderer from Feb 11 to Feb 15. Each tender must not be for less than $250,000. Last day of tender
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    • 276 7 BA Futures Inc ENCOURAGED by the strong demand in the US Treasury auction and softer federal funds rate, March EareMlar contract opened four ticks higher yesterday than CME's close at 90.92. Trading was, however, cautious as the March contract traded to day's high of 90.96 before closing at 90.95.
      BA Futures Inc  -  276 words
    • 178 7 HONGKONG The metal closed slightly higher in active late trading yesterday, supported by chart buying from US bullion houses and shortcovering by local traders. It closed at U*****.90/ 303.40 an ounce, compared with New York's $302.30/80 close and the $301.60/302.10 finish here on Tuesday. Local gold rose HK$ll to
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    • Article, Illustration
      247 7 Asian market lOC A ITS Mm avaraft of tht pram Mn| rates of 12 major banks aparatan( n Saif apart ASIAN dollar deposit rates closed steady yesterday at easier opening levels in quiet afternoon trading. Interbank deposit rata* US* Offer Bid 7 days 8 9/16 8 7/16 1 month 8
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    • 276 7 THE ECU can be defined as a basket of currencies of the ten member states of the European Economic Community (EEC). Each currency has a specific weight which is calculated on a basis that reflects the economic weight of the
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    • 568 7  -  By PENG AILIAN TREASURY MANAGERS see potential in the European Currency Unit (ECU), particularly for European investors and borrowers in the Far East. This mixed basket of currencies was launched with little fanfare in Singapore late last year. Although dealt in a limited way by a
      568 words
    • 384 7  -  By SOH TIANG KENG Banking Correspondent SLOW decisions and "too-fast" execution of strategies are common trading problems currency managers in corporations face today. Other problems include overshopping and under-shopping of rates, weak controls in foreign exchange management and technical faults in calculations. This was the observation
      384 words
  • Page 7 Advertisements
    • 42 7 Leave outstanding impressions. :iM t ■> I r f j v V A ST II --c- *4 U 8 x fc»m v the eXtraOrdinary cognac U.*Mt All// D,,lrlt d »y 'BBPI JwdbM WbtM A 100 C Pnt fV>|«nc f Singapore 0611 Tel *****2
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  • FEATURES
    • 522 8 NO ONE should be surprised that the Americans have cancelled the planned Anzus naval exercises least of all New Zealand Prime Minister Lange. Like any other country, New Zealand has every right to deny the entry into its ports of any warship with nuclear capability or
      522 words
    • 1187 8 Healthy economic growth rates provided an optimistic backdrop for governors of South-east Asian Central Banks (Seacen) when they met recently in Kota Kinabalu. There are, however, a number of worrying problems on the horizon. These centre on the high interest rates which could have a detrimental
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    • 605 8 letters to the Editor DEAR SIR, As one of the senior citizenry to whom your editorial of Jan 15, 1985 ("New opportunity among the old") appears to have been aimed, I am disappointed that not only is there nothing you have to say that is
      605 words
    • 692 8 DEAR SIR, I refer to your report in BT on Jan 29, 1985 ("Search for undeclared interest earnings") and Jan 31 ("Search for undeclared interest earnings may benefit the POSB") As was rightly pointed out by the writer, the sole beneficiary would
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    • 285 8 UPI UNION LEADERS in the United States, caught in a work environment in- creasingly hostile to unions, are worried t about their organisations' future because of jr declining membership and, ironically, their own J success, a Cleveland State University study w shows. Only 20
      UPI  -  285 words
  • Page 8 Advertisements
    • 197 8 Running short of good ideas? Trvachange of air. torn f 3* u) *?>* 1 i w It? m js Impurities, dust and germs in the air cause bleary eyes and create a general feeling of drowsiness and lethargy. When such a feeling pervades your conference, the ideas presented are likely
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  • SPORTS
    • 717 9  -  By WALTON MORAIS SINGAPORE will adopt a daring, high-risk strategy designed for success in her challenge for the Admiral's Cup yacht race at Cowes, England from July 31 to Aug 17. The strategy, which can be "very successful", has been suggested as a way
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    • 596 9 Top seed trounces Larry Stefanki in opening round of Lipton tournament AP TOP-SEEDED Ivan Lendl, in a match that ended without an umpire or linesmen, trounced Larry Stefanki in an opening round match of the inaugural US$l.B-million Lipton International Players championships tennis tournament on
      AP  -  596 words
    • 132 9 Reuter CORBIERE, winner of the Grand National in 1963 and a gallant third under top weight last year, ran a disappointing trial in a 5.6-km handicap steeplechase at Warwick, England on Tuesday. Corbiere, without a win in 13 outings, started 13-8 favourite after finishing an encouraging
      Reuter  -  132 words
    • 289 9 Reuter THE INTERNATIONAL Football Federation (Fifa) has paid US$3 million to insure next year's World Cup soccer finals in Mexico for US$lOO million. Fifa's World Cup organising committee chairman Hermann Neuberger of West Germany said the premium had been paid
      Reuter  -  289 words
    • 121 9 AFP THE AUSTRALIAN entry 3CRI2 failed to relay her position to the communications vessel as she neared the finish at Punta Del Este of the Cape to Uruguay yachting race. The 3CRI2 was in third position according to the last positional reports but was being challenged
      AFP  -  121 words
    • 193 9 Reuter BOSTON COLLEGE quarterback Doug Flutie has signed a five-year contract worth US$7 million with the New Jersey Generals of the fledgling United States Football League, the club announced on Tuesday in New York. Flutie, who won the Heisman Trophy as the top
      Reuter  -  193 words
    • 232 9 AP EVARISTO MACEDO, a former All-Star player and coach of the last-place America Club of Rio, has been named coach of Brazil's national soccer team for the 1906 World Cup eliminatory games. The Brazilian soccer confederation announced on Tuesday that Macedo had accepted
      AP  -  232 words
  • Page 9 Miscellaneous
    • 1169 9 to m hhmkd HIGHLIGHTS Thursday Feature Special 9.50 pm, Channel 5 A Clint Eastwood film about a San Francisco homicide detective who, investigating a rash of gangster murders, discovers that they are the work of an assassination squad whose members have been frustrated by red tape and civil liberties. <
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    • 649 9 4 CRYPTIC PUZZLE ACROSS 1 A 50-50 chance to stop us, possibly (4-2) 7 Poet with fondness for fine fabrics (8) 8 Mother of twins? (4) 10 Figure the cooker's split (6) 11 A bit like Nell (6) 14 Boy of simple nature? (3) 16 Poses as money-changer (5) 17
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  • INTERNATIONAL STOCKS
    • 383 10 FT A NEW YORK financier, Mr Carl Icahn, has announced a plan to take over Phillips Petroleum, the eighth-biggest US oil company, which is battling to preserve its independence from unfriendly predators. The offer values the whole of Phillips at
      FT  -  383 words
    • 95 10 Reuter BAT INDUSTRIES PLC said that the first coupon payable per £100 nominal of 12 V 4 per cent unsecured loan stock 2003/06 to those accepting its offer for Hambro Life Assurance PLC would be £3.1548, covering the period from Jan 3 to June 2 this year. The
      Reuter  -  95 words
    • 317 10 Reuter UPI THE CHAIRMAN of the Federal Reserve Board, Mr Paul Volcker, put Wall Street on guard on Tuesday about the US budget deficit, prompting institutional investors to sell blue chips and causing the stock market to finish lower in heavy trading. The
      Reuter; UPI  -  317 words
    • 111 10 FIB 05 C$ Hud Bay Mn Imp CM 7* 46* Abitibi 34 Inco 18* 34* 40* bit IM 24* 24 1 Ml hick el 27* Kerr Add 17* 19* Ml T«i 37 3* BP Con Ltd 27* 28 34V. 17* 31* Moor* Cp 67* 1* 20* Cartna OKnf* 15*
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    • 205 10 FEB OS •aid Trust 8k Un StMi 215 107 8 INDUSTRIALS A Alpha 750 Abwcom 147 AF Aftri n 715 -7650 -8 -5 Unsac WooWorth 450 1325 MININGS 2400 unch 50 Amaprop 305 -5 Anglvoal AMIC 2225 995 unch Buffah 1625 ***** 25 C G Smith 1850 -50 Charter
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    • 692 10 Ft! OS USS ACF hdu»tr>a» Ale or Alumn Alcoa Alaghany Lud Aftad Own Cp AM StOTM Afe-Chabnan Am Brand* Inc Am Broodcatt Am Can Co Am Cyanamd Am Elac Pwr Am Expraia Am Horn# Prod Am Motor» Cp Am Natural Oat Am Tali Tat Amox Inc Amarodo Hw
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    • 911 10 Amsterdam FIB 05 Fh ABN 395 00 8 161 00 55 Ahold ***** 4 Ait. 20 105 10 1 9 AMfV 220 50 2 5 Amtoi 74 70 1 7 Bark 5120 1.7 Boh 106 00 1 9 Bonun* 335 00 4 Bosk a Bi*t«t 87 50 05
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  • Page 10 Advertisements
    • 464 10 8&. <jy' N mto wlm 9 itme nni eafeitain V SMASH and SUNNY BALA the MOON GLOWS will entertain you from 5.30pm to 12.30 am. (A single group performs on Sundays and Mondays from 7pm onwards.) Now, when you order a glass of Tiger Draft Beer or any other pouring
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    • 139 10 London stocks, Pago 15 ii* V J iii Lounge Sip a glass of the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with versatile quartet Body N Soul from Philippines. They'll captivate you! appy IkMiat Spa 7pm. 25% off oa all
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  • ASIAN STOCKS
    • 321 11 HONGKONG: Sharees closed mostly lower yesterday, overshadowed by a strong US dollar and affected by expectations of disappointing results from many companies due to report their anmial earnings soon. The Hang Seng Index eased 19.16 points to close the half-day session at 1,333.31. Among leaders, Cheung Kong eased 20
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    • 222 11 FIB 0* Al Sncara HT .4.30 23 00 66 Cham Mui Uan Hwo Indus Nan Ya PV» Pocific Com Poctfc EWet 17 50 11 75 29 80 2290 unch 0.05 0.6 -09 -0 1 27 30 unch Chang Hwo Bonk 51 00 ■0.5 1600 18 10 0 3 On
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    • 374 11 TOKYO: Share prices closed higher in moderate trading yesterday on persistent bargain hunting in blue chips and populars, making up some of Tuesday's losses. The market average, which lost 67.65 on Tuesday, gained 43.74 to close at 11,867.17, on volume of 410 million shares, unchanged from Tuesday. The Tokyo
      374 words
    • 119 11 MANILA: Share prices closed generally firmer in quiet trading yesterday. The Commercial and Industrial Index rose 7.34 to 111.19 and the Mining Index 4.66 to 738.69 while the Oils Index fell 0.004 to 0.614. m cm ***** -0 0005 0.0016 unch Phi OmM PMn B .Reap B 0 0065
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    • 388 11 SYDNEY: Share markets closed firmer in active trading yesterday with solid support evident for resource issues and high technology stocks. Near the close, the All Ordinaries Index was up 5.0 at 777.3, the All Industrials 4.3 at 1167.7 and the All Resources 5.3 at 477.8. Rises outnumbered falls by
      388 words
    • 120 11 BANGKOK: Stocks closed higher in quiet trading yesterday. The Book Club Index rose 0.25 point to 125.23. Turnover climbed to 197,863 shares from Tuesday's 145,296. HI Oft Mm Starr Oy Cement Stem Craft 564 ■4 Saam Tyre South Am Ffcn Thai Canvnaraa Bank Thai Danu Bark Thai Formers Bo
      120 words
    • 71 11 Fab 6 Won 618 •1 Hyinda Con»t Hyundai Motor KAL 914 600 528 LT»C>1 >15 2 Choh«ung Bk 605 678 -3 -2 Korea Fret 690 1898 >15 -21 500 377 -13 505 5 708 -2 605 792 11 Dong Ah Gold Star Hand Bk 560 695 677 unch -8
      71 words
    • 53 11 Reuter MATSUSHITA Electric Industrial Co will sell VHS format videocamera/recorders to General Electric Co, North American Philips Corp, Grundig AG and NV Philips Gloeilampenfabrieken from the end of May for sale under each company's name. Matsushita already sells the videocameras to four other companies .in Europe and
      Reuter  -  53 words
    • 306 11 FT JAPAN AIR LINES (JAL), which is 35.5 per cent owned by the Japanese government, is actively looking for more foreign shareholders. In the third week of this month, investment teams comprising officials from JAL and its stockbroker, Nomura Securities, will go to London,
      FT  -  306 words
    • 98 11 AP MARUBENI AMERICA CORP, a Japanese-based iron and steel manufacturer, will acquire Bleim Steel Co of Toledo in a move expected to save 44 jobs and create 44 new ones over the next year. Governor Richard Celeste of Ohio says that Marubeni will invest US$2.5 million
      AP  -  98 words
    • 107 11 Reuter PHILIPPINE government lawyers have asked the Supreme Court to reconsider an earlier ruling ordering the Ministry of Trade and Industry (MTI) to give Benguet Corp a general export clearance for its copper shipments. But a court official said that pending consideration of the motion filed
      Reuter  -  107 words
  • Page 11 Advertisements
    • 123 11 g •J! M 7A II a aar I! 3 >5 7/Z Z 4SJ! TONIGHT! PLUG INTO AN ELECTRIFYING EXPERIENCE! THE lON BAR v. ft lON BAR < 405 Havetock Road, Singapore 0316 Tel *****81 yAROP.S Hi 4 i m *«i r tonight a Whole Leg ol Tender US Beef The
      123 words
    • 144 11 fr''-fcs i' r V "V 1 r /</. Isrv*. fi&f.-vs >'< (Shrill Selected US Prime Beef Cuts. Continental and Game Specialities in a hunter's lodge setting. HIZI >* 1 r*k 1 1 'i J L*i Monday to Friday $26.50 10% service charge 3% CESS SUNDAY BRUNCH $24.00 10% 3% (adult)
      144 words
    • 137 11 <&> S Level 4 9 -v.. •1.-M ws f r* Open daily from 11am, Serenade Lounge is a great new place to relax and unwind. The Music Blenders from The Philippines entertain from Bpm to lam (except Mon)& till 2am (Fri, Sat eve of public holidays). Happy Hours Music by
      137 words
    • 129 11 he BEEFEATER i !mw*3C f 05-03 Liat Towers. Orchard Road Tel: *****25 Open daily 12pm to Midnight Take a Lift or Drive up to Level 5 and walk right in. WE COULDNT IMPROVE OUR SUNSETS, SO WE'VE DONE THE NEXT BEST THING. WE'VE DOUBLED THE PLEASURE OF THE VIEW. THE
      129 words
    • 92 11 vn m <*i «> j< I ir IVOR'S MODELS MM Lunch' 12 noon Show Tfcnr l.tt pm Sl»m by Stat C For reservations please call 734 6622 ext 142 MUUVBitMt mo fat^ J L SUGAPOm F 19 Cairnhill Circle Singapore 0922 restaurant u jSr 05 «V Serving a wide range
      92 words

  • RAW MATERIALS
    • 550 12 AFP A GENERALLY firmer trend for commodity prices in 1985, with the exception of sugar and cocoa, is predicted by London brokers Rudolf Wolff in their annual review and outlook. A "substantial reversal of dollar strength" combined with "sustained global economic growth and
      AFP  -  550 words
    • 235 12 UPI THE US International Trade Commission has ruled unanimously that Brazilian exports of castor oil products threaten domestic producers of the products. The commission, in a preliminary ruling, voted on Tuesday 5 0 to uphold a complaint by Union Camp Inc, the largest
      UPI  -  235 words
    • 203 12 Reuter THE European Commission has reim posed a duty cm imports of Saudi petrochemicals pending talks between the Community and the Gulf Cooperation Council (GCC) in Bahrain later this month. Officials said the duty on methanol imports, criticised by Saudi Arabia, was reimposttf after shipments reached
      Reuter  -  203 words
    • 157 12 Reuter INDIA will import at least two million tonnes of vegetable oil in 1990, up from a record 1.66 million in 1963-84 ended October, Satish Singhal, president of the International Society for Fat Research said. He attributed the sharp rise in imports
      Reuter  -  157 words
    • 243 12 Reuter BANGKOK BANK LTD, Thailand's biggest commercial bank, predicted Thailand will export a record 4.6 million tonnes of rice this year, up from 4.55 million tonnes in 1964. A bank statement said Thailand will produce 19.2 million tonnes of paddy (unmilled rice) in the 1964-65
      Reuter  -  243 words
    • 228 12 SINGAPORE The market closed firmer yesterday with February One RSS buyers quoted at 165.50 cents per kg, up 1.50 cents from Tuesday. The morning market firmed 1.50 cents on covering interest of nearbys with some overseas enquiries for physicals also aiding sentiment. Prices held unchanged at lunch-time levels in
      228 words
    • 281 12 RAS prices (in S cents/Vile, FOi m 1 »oies) NOON CLOSE Int 1 RSS Prompt 164.25 165,25 164.50 165 50N Int 1 RSS Feb 85 165 00 166 00 165 50 166.00 Int 1 RSS Mar 85 170 75 171.25 171 00 171.50 Int 2 RSS 157.50
      281 words
    • 100 12 (c«nnAg, I-to n polWtt) February 85 March 85 (cu nvnt mth) (forword mtfi) NOON NOON RAS Bwr*rs S u#n Ityin ScNors SSR 20 163 00 I65 00N 165.00 I67 00N SSR 50 161 00 163 00N 163.00 165.00N MRELB Bwy«r» Sdtn U y,| t Siim SMRCV 193.00
      100 words
    • 153 12 MALAYSIAN crude palm prices closed higher yesterday on covering interest prompted by a firmer Chicago soy complex close and Pakistan's RBD palm oil purchase on Tuesday. February deliveries in the south and central regions firmed MJ7.50 to $1,182.50 per tonne while north rose $5 to $1,185. March in
      153 words
    • 167 12 SOYBEAN futures on the Chicago Board of Trade closed on or near the highs on Tuesday, up eight to 3V« US cents per bushel in improved trade. March settled at 601 ¥4 cents after posting a 9V« -cent range on the day. A near-limit advance in the neighbouring soyoil
      167 words
    • 134 12 WHEAT futures on the Chicago Board of Trade traded quietly mixed at mid-session on Tuesday, ranging from down IV* US cents per bushel in March to unchanged in new crop. A smaller-than-expected weekly export Inspection figure on Monday and the lack of sizable scheduled soft wheat tenders in the
      134 words
    • 75 12 THE lull Lemper Tie Market price leonlaed at the late—ll—l Tin Agreement fleer level el per kg yeeteHay ea eeattaaed aaeeaee ef ager agala teek the total taraever, wUeh wae 2M teaaee, «ewa (reai tSI en 414 eet detect aay rati—lag er fereiga eeaKaala Laapar'i iMiiiiem ever the
      75 words
    • 154 12 Yarn (In HK$ per koto o* 400 b) Chino corded yarn, cones BKjc Phoenix 16'* 2,900 Bkje Phoenix 20's 3,000 Bkje Phoenix 32'» 3,600 Blue Phoenix 40'* 3,850 Girded yarn, honk Btu« Phoenix 21'» 3,300 Combed yarn, cones Bkj« Fttomx 32 4,600 Bkje Phoenix 40"* 4,800 Open end yarn
      154 words
    • 959 12 COFFEE Robust* futures closed below highs on Tuesday but with gains of £30 to £2 a tonne, apart tram May which was down £1, after a subdued session Prices opened firmer on light commission house buying after the strong performance on Monday in New York and morning gains
      959 words
    • 144 12 Chinm Produce Exchange Robutta 20/25% FOB NSW Nutmeg 477 50 u (Satan mm cliii»| P new m Fm 110 FOB NSW 438 00 6. SV100 kf) B4 W FOB NSW 281.00 Coconut oil 157.00 170 00 Gombier •j Bull FOB Old drum FOB FOB NSW 330 00 New
      144 words
    • 268 12 Singapore A-1 special C-l spociai C-1 OrdBiary Loooi an 100% 177 (S|/Uto, pfc Thai whit* unq unq 100% 1st dass first grade 51 (kangaroo) 100% socond grade new crop 0 96 100% third grade unq 100% 2nd dou 100% 3rd dass 0.70 0.65 Parboiled 227 222 25% now crop
      268 words
  • Page 12 Advertisements
    • 212 12 Walk down memory lane with A Journal in the Federal Capital Published by TIMES BQOKS 1 International As the first correspondent for The Straits Times to be stationed in Kuala Lumpur (now the capital of Malaysia), then the Federal capital of half a century ago, GEORGE PEET had the unique
      212 words

  • SHARE INFORMATION
    • 4054 13 SET J.FIRS were out in force yesterday, pulling the Singapore stock market sharply lower. It was the fourth consecutive session of tails. The BT Composite Index fell by 8.67 points to 720.38 while the Straits Times Industrial Index skidded 12.99 points to 812.14. Turnover
      4,054 words
    • 219 13 SINGAPORE Rism IndlCM t 1Mb CULS 130 >»l—l» 338 0 UT 257 Mm 210 Fakaca HUfi 123 F M HUft 410 M Cfm i S0« 322 Falls 10 6 6 6 5 2 2 WCi ij li IT 0*AK ST 1 1 H ii* STr.mfi STMatafc ST
      219 words
    • 462 13 SHARE PRICES slid across the board under (airly dull trading conditions as profit-takers dominated the trading floor on the Kuala Lumpur Stock Exchange. Several issues, however, still commanded investors' attention and posted gains against the general trend. The market opened slightly lower
      462 words
    • 3715 13 SECTION ONE INDUSTRIAL COMMERCIAL Aom (1.566 1 59S1SETT (1.596 1.615) (2) I 60 Akmm (1 318 I 325) (9) 130 (3) I.3ISETT <1 328) (I) 1.33 (7) 132 (2) I 32 And Stool 50« (1 226 1.255) (15) I 29 (5) I 26(15) I 25
      3,715 words

  • COMPANY NEWS
    • 1057 14  -  ,THE MONTH THAT WAS J By CHEN QINGSHUN INVESTORS are still pinning their hopes on a Chinese New Year rally this month although the brief run-up in prices late last month seems to have fizzled out somewhat. The rally towards the
      1,057 words
    • 97 14 HONGKONG Australian Industrials Hang Sang lnd«x Wednesday 1168.2 Tuesday 1163.4 Wednesday 1333.31 Week ago 1148.3 Tuesday 1352.47 NEW YORK Week ago 1335 04 Dow Jones TOKYO Tuesday 1285.23 Tokyo Dow Jonas Monday 1290.08 Week ago v 1292.62Wednesday *****.17 Tuesday *****.43 Standard and Poors Week ago *****.63 Tuesday 180.61
      97 words
    • 226 14 Mohomts' prkl for F«b7 Socond B'putro Third B'outro Fourth B'putro 5 02 5 07 4 02 4 07 4 45 4.50 Singapore UnH Trust Fifth B'putro Sixth B putro 3 05 3.10 2.94 2.99 Th* Comnwci 2.29 2.43 Sa»anlh B'putro (A) 2.082.13cd Th« Savings Fund 1 62 1.72
      226 words
    • 2627 14 BID and offer price» officially listed and buslneas In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In IoU of 1.000 unite unles otherwise specified. MDUSHHM.S ACMA (2.105) A Choc (2 .83S) Akem (1488 1.495)
      2,627 words
    • 394 14 Reuter THE ROCKEFELLER family has agreed to buy for US$4OO million the "mo6t valuable piece of real estate in Manhattan" the six hectares (640,000 sq ft) on which their world-famous Rockefeller Centre stands. The price, at $6,700 per sq metre (or
      Reuter  -  394 words
    • 517 14 Bernama HONGKONG TIN Corp (Malaysia) Bhd (HKTB), the company arisIng from the reconstruction of Hongkong Tin PLC (HKPLC), has forecast group pre-tax profits of not less than 16.03 million on an estimated turnover of $40.9 million for the year ending June 30,1985.
      Bernama  -  517 words
    • 252 14 Bernama THE MALAYSIAN AIRLINE System (MAS) board of directors will re-examine the various issues in its final report on the privatisation of the national airline before submitting it to the government. MAS managing director Datuk Haji Abdul Aziz Abdul Rahman said the board had gone through
      Bernama  -  252 words
    • 166 14 CYCLE CARRIAGE I Mini 16th AGM at the Royal Pavilion Ballroom, Ground Floor, The Pavilion Inter-Continental Singapore Hotel, 1 Cuscaden Road. Singapore 1024 on Feb 11 at noon. BALEIGH CYCLES (Malajrtfa) Berhad: EGM at the Board Room, No. 40C, Jalan SS 21/35, Demansara Utama, Selangor on Feb 12
      166 words
    • 503 15  -  By RAMESH CHAMDIRAMANI IN LINE with the downturn in local stock prices throughout j 1984, General Securities Invest- j ments Ltd, the first closed- j ended unit trust to release its 1« results, has had it fortunes trimmed. General Securities, which is
      503 words
    • 292 15 THE MALAYSIAN Capital Issues Committee is to see a revamp of its members following the shift of its secretariat from Bank Negara to the Treasury. The secretariat of the CIC has been with Bank Negara since its establishment in 1968. It is understood
      292 words
    • 109 15 Company RIGHTS ISSUE George Town Two-for-one 4* $1 00 per share Landmarks Hldgs One-for four 0 $1.00 per share Peak Hua Three-for-two $1.50 per share Sub-division of SI par into 2 shares of 50 cents eoch Raleigh One-for-one fe $1 50 per share (Bonus entitled to rights) Toshiba
      109 words
    • 44 15 Company BONUS ISSUE Guinness Sub-dMsion of $1 par into 2 shores of SO cents each One-for-two Ex-date Feb 14 Books close: Feb 28 M Breweries One-for-fcxjr Ex-dote: Feb 15 Books dose: Feb 28 Wilkinson One-for-four Ex-date: Mar 12 Books dose: Mar 22
      44 words
    • 142 15 THE Stock Exchange of Singapore has again asked MM Palp ft Paper C* Lid for details of a legal suit, No 6091, which was taken against the company and Paper Products (M) Pte Ltd last year. NEPTUNE Orteat Ltaes' plan for a US$50 million RUF issue have not
      142 words
    • 368 15  -  By AMY CHEOK SATERAS Resources (Malaysia) Bhd, formerly known as Synthetic Resins (Malaysia) Bhd, is back on the acquisition trail. This time, the group has entered into an agreement to buy a piece of agricultural land for M 524.10 million. In the transaction, Sateras
      368 words
    • 638 15  -  Plan for a manufacturing plant in Kuala Lumpur By NAJEEB JARHOM QAF Ltd is now giving priority to expansion through acquisitions, following the streamlining of much of the old Ben Co business. At home, QAF has made two fresh ventures into food
      638 words
    • 569 15 THE CONSTRUCTION arm of IGB Corporation Bhd, IJM Engineering and Construction, has applied for an official listing on the Kuala Lumpur Stock Exchange. According to IGB, the IJM group of companies, led by wholly-owned subsidiaries, Jurutama Sdn Bhd, Mudajaya Construction Sdn Bhd and IGB
      569 words
    • 1027 15 THE market opened quietly easier yesterday, reflecting a technical reaction to Tuesday's disproportionate advance, dealers said. Wall Street's mixed performance overnight contributed to the easier trend. At noon, the FT 30 Index was down 1.5 points at 900.9 while the FTSE 100 Index fell 1.6 points at 1287.5.
      1,027 words
    • 286 15 THE IGB Corporation group has entered into a 50-50 jointventure with a French group to undertake water and wastewater treatment projects. IGB wiil be taking part through subsidiary IJM Engineering Construction Sdn Bhd, while Degremont SA will represent the French group
      286 words
    • 61 15 DATUK Yeoh Tiong Lay and Datuk Mobd Salleh Yusof have been appointed chairman and vice-chairman of Hongkong Tin Corporation (Malaysia) Bhd. The appointments took effect on Jan 24. Mr Francis Yeoh Sock Ping was made managing director of the company on the same day. Miss Chua Bee Ling
      61 words
  • Page 14 Advertisements

  • Page 15 Advertisements
    • 240 15 APPOINTMENT profitability ef their orfanbatlon. Thaie servfcas indude Corporate Development, Organisation Planning Financial Control and Manafrmeht Information Systems. Investment Planning and Appraisal, Electronic Data locating, Manufecturir* and Distribution Systems. Executive Selection. Marketing and Economic Studies. y*h»w been retained by our dient to edviee on the appointment of a General ELECTRONIC
      240 words

  • 668 16  -  By LEE HAN SHIH LATEST FIGURES from the Ministry of National Development have lent some credence to forecasts by prominent developers that the residential property market has bottomed. A ministry survey on the potential supply of properties between the end of last September and December
    668 words
  • 309 16 Bernama ALL APPLICANTS of future public share issues in Malaysia will be notified if they have been successful within two weeks of balloting, Mr Salehuddin Bin Hashim, general manager of Malaysian Industrial Development Finance Consultancy and Corporate Services Sdn Bbd, said yesterday. Speaking
    Bernama  -  309 words
  • 197 16 AN INJUNCTION prohibiting Apollo Enterprises from awarding a building contract to Job Associates was lifted yesterday. The High Court also asked Darimbi Holdings Pte Ltd, which had sought court action, and Apollo Enterprises to resume talks on the award of
    197 words
  • 109 16 Reuter FRENCH COMPANIES are likely to lose contracts worth millions of dollars because of France's reported involvement in India's big spy scandal, Indian and foreign bankers said yesterday. France's ambassador and deputy military attache have been withdrawn following the of 'Indian defence and
    Reuter  -  109 words
  • 483 16  -  By AMY BALAN SINGAPORE'S Sime-CAP, the Joint venture between Sime Darby Systems and British systems house CAP, has Joined the list of potential contractors for the Republic's first cashless shopping project. The latest entrant is, however, no newcomer to the electronic banking scene.
    483 words
  • 66 16 BETTER "people skills" are among some of the ideas all Residents' Committee officials will pick up at a new type of training workshop. A Residents' Committee Central Secretariat spokesman said three workshops had been held since the first one last month. Each focused on issues relevant to individual
    66 words
  • 322 16  -  By LISA LEE BUILDING contractors and those in the computer industries who want a share of the China market can meet three senior China Council officials arriving in Singapore late this month. They will be in Singapore primarily to promote two exhibitions to
    322 words
  • 170 16 AP PRESIDENT REAGAN, In his fourth annual State of the Union address to Congress, was expected to deal largely with domestic issues, endorsing the plan he ordered for simplifying the income tax system while leaving open the option of changing elements of the proposal
    AP  -  170 words
  • 63 16 STOCK prices on Wall Street were higher in early trading yesterday after weakness in blue chip issues disappeared. The Dow Jones Industrial Average was up about one point to over 1296. Overall, gainers held a five-to-three lead over losers. Volume was about 10 million shares in the
    63 words
  • LATE FILE
    • 44 16 Reuter BANK OF JAPAN governor Satoshi Sumita has said that the bank does not intend to raise interest rates to defend the yen, although it is concerned about the adverse impact on prices of any further yen fall. Renter
      Reuter  -  44 words
    • 53 16 Bernama WISMA PUTRA is considering setting up trade committees in all its foreign missions overseas in an effort to promote trade. Malaysian Foreign Minister Tengku Ahmad Rithauddeen said that the setting up of the committees is in line with efforts to make the thrust of foreign
      Bernama  -  53 words
    • 33 16 UPI INDIAN authorities claiming the biggest drag haul in the nation's history yesterday seized 442 pounds a< heroin and hashish worth US$lOO million in car shipment from Pakistan. -UPI
      UPI  -  33 words
    • 41 16 UPI UNEMPLOYMENT in Israel continued its year-long spiral in the last quarter of last year, Jumping to 6.3 per cent and leaving about 88,000 people oat of work, said the Central Bureau of Statistics yesterday. UFI
      UPI  -  41 words
    • 33 16 Reuter ABOUT 4,000 Philippine fanners yesterday pitched camp outside the agriculture ministry to protest against high fanning costs. The farmers put up tents and placards reading "roll back fertiliser prices"
      Reuter  -  33 words
    • 28 16 UPI CHINA said yesterday that tension is high along its southern border with Vietnam and will remain so until Hanoi stops its "provocations and intrusions".
      UPI  -  28 words
    • 36 16 AP CHINA has shipped 300 tonnes of frozen yak meat to the Soviet Union as part of the expanding economic trade between the estranged neighbours, said the official Xinhua news agency yesterday. AP
      AP  -  36 words
  • Page 16 Advertisements
    • 169 16 imisE oigiai Europe's leading international business school invites highly qualified and internationally-minded ASEAN executives to participate in one of the following three seminars to be held in Singapore and Japan: ASEAN INTERNATIONAL EXECUTIVE PROGRAM US$3,lOO A demanding two-week general management seminar. Singapore, March 18-29, 1985 EXPORT MARKETING AND INTERNATIONAL STRATEGY
      169 words
    • 415 16 'IP Sales Management March 25-27,1985 Objective The Course focuses on equipping those attending with the necessary skills; practical ideas, concepts and systems which they can adapt quickly for their own use and application For Whom All Managers irrespective of past experience with either partial or complete responsibility for the Sales
      415 words
  • Page 16 Miscellaneous
    • 53 16 Outlook for today: Showers in several areas in tiw lot* afternoon. Report for 25 hours prior to 7.30pm on Feb 6 at the oirport: Maximum temperature 31.9 Associoted humidity 63 Minimum temperature 24.6 Associated Humidity 92 Hours of sunshine 10.75 Rainfall in millimetres Nil Rainfall this month 18.8 Rainy days
      53 words

  • SHIPPING TIMES
    • 186 17 Reuter A BAN against high-cube containers, 9 ft 6 in tall, on Japanese roads may soon be lifted, the chairman of Sea-Land Service, Joseph Abely, said. He told reporters this after talks last month between US trade representative, William Brock,
      Reuter  -  186 words
    • 397 17  -  By G DURAIRAJ PENANG Port posted a marginal increase in its throughput for 1984 despite a decline in some principal export commodities. Figures released by the Penang Port Commission showed that the port registered a total of 7.96 million tonnes of cargo last year, compared
      397 words
    • 678 17 Shipping Un« Pf C«l Shipping Line Cet Afea VI 3 Fesco VI 4/5 Ahrenkiel Liner V 4 FMG-CAVN VI 1 Alpha trans VI 4 Franco-Belg ffl 4/5 Andeka Shpg VI 1 Frata Shpg VI 2 ANL 1 1 Freight Links VI 4 APC Line V 4 Frota
      678 words
    • PORT SIDES
      • 129 17 EMPLOYMENT aboard vessels sailing under the Norwegian registered foreign fleet has been reduced by about 30 per cent from 1977 to 1984. The figures, released by the Norwegian Seamen's Association, also indicate that although the country's flagged-out merchant fleet has grown during the same period, it has resulted
        129 words
      • 66 17 Reuter CHITTAGONG port authorities said work has started on dredging the port to enable ships to berth without lighterage. Nearly 2.5 million cubic feet of silt will be removed from the port entrance and the nearby Karnaphuli river. The number of ships awaiting berths at the port
        Reuter  -  66 words
      • 60 17 LYKES Brothers Steamship has appointed Mr Richard W Conley as its senior sales representative Gulf services. He will be responsible for commercial sales for the company's Gulf services in the southern California area and military household goods from the entire Pacific coast for all eight Lykes services. Mr
        60 words
    • 734 18 A LIST of alleged protectionist measures imposed by various countries to safeguard their shipping interests has been drawn up by the United States Maritime Administration (MarAd). MarAd has included both existing and potential protectionist shipping measures in a document entitled "US-flag Crosstrading impediments to US-flag crosstrading
      734 words
    • 248 18 Reuter IRAN may soon be able to ship much of its oil exports from a new floating terminal in the southern reaches of the Gulf beyond the range of Iraqi warp lanes. Shipping sources said Iran chartered a fleet of supertankers last week to run a
      Reuter  -  248 words
    • 1359 18 ARGENTINA Rosario Jan 15. 2 days. 4 vessels berthed. Necochea 8 days. 4 vessels waiting for grain berths. Bahia Blanca 8 days. 11 vessels in the roads waiting for grain berths. All 3 elevator berths are now operative. 10 vessels expected shortly. San Lorenzo 1 day. 1 vessel
      1,359 words
    • 1875 18 IRON ore, coal and sugar a fixing expanded on the ii London shipping freights market on Tuesday but the c main feature was a major Egyptian wheat fixing. f Egypt covered five US j North Pacific wheat car- f goes (each 25,000 tons) for February shipment to z
      1,875 words
    • 209 19 I J LAURITZEN has discon't tinued its heavyweight activities. It has sold its two specially designed heavyweight vessels the 10,282 grt Dan Mover and Dan Lifter to a Dutch shipowner, Wijsmuller at an undisclosed price. A spokesman of the company says that it is .with regret
      209 words
    • 430 19 HIGH costs for services related to container cargo handling last year threaten to blunt Hongkong's competitive edge. The costs, excluding port charges, rose higher than the inflation rate of eight per cent and were a major cause of concern to the Hongkong Liner
      430 words
    • 80 19 Reuter KEIHIN Co Ltd and Hudson Enterprise of the US will sell their Bermuda Joint-venture Savarna Corporation Ltd to a consortium of Sea Containers Ltd of London and Marine Chartering Company of San Francisco. Savarna, the holding company of Panamanian- registered (Everett Steamship Corporation SA), is capitalised
      Reuter  -  80 words
    • 136 19 IN VIEW of the deteriorating results, Sanko Steamship has been urged by its bankers to reduce the number of orders for new supertankers. In spite of a rehabilitation plan which began in spring 1984, the Japanese carrier's cumulative loss at the end of
      136 words
    • 193 19 THE MAJOR shipping consortia operating between the Far East Europe, Far East Persian Gulf. Straits ports Australia, Straits Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Serv ices. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National
      193 words
    • 5386 24 3®aBG)OQJ3 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
      5,386 words
    • 640 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Harvester 06S/85 7.2.85 2100 SMS FSB 0700-0900 B7 Tanah Air 13NB 7.285 2300 NAPL TA 3 0900-1100 G4 E Promoter 096WB 8.2.85 0700 Green Asia
      640 words
    • 1803 25 The leading shipping lines operating from local ports and their agents. A-B \FKA African Shipping Agencies t SI Afra-Earaala Uae Transgroup (Si Ahreaklel Liaer Service Kim Shpg <S> Alfred C Taepfer Oceanus Shipping Agen cies (Si Marintex Enterprise (PK> Alpae Intrasea (Si Bintang Shpg (KLi Island
      1,803 words
    • 499 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Chidambaram 31/2 R Jumabhoy alongside 7485/1500 Christina Isabel 44 P Simons alongside 7445/0700 EdoMaru 19 Sharp alongside 74.85/0700 Equator V 22 Thong Soon alongside 7445/0700 Straits Star 21W SSPL alongside 74.85/0600 Wahfai 20/30 SlnChiao 6.245/1130 *****/2300 Bin
      499 words
  • Page 17 Advertisements
    • 495 17 rV 1 HEUNG-A SHIPPING J Korea Flag Vsls Regular Liner Semi-Container Service To: P. Kebnf/Penang Bus an/Inchon Fm: Busan/Moji S'pore Afent: Neptune Aftnctes Ptc Ltd Td: *****77 P.K. 3mm I PH *****5 K.L. *****0 msm i A LIST of altogfd protectionist measures imposed by various countries to safeguard their shipping
      495 words
    • 291 17 baUASC UNITED ARAB SHIPPING CO (SAG) SEALORD SHIPPING AGENCIES PO Shenton Wny 54 0?C Ma'tn* Hnufc* ngrtpofp 0/0 1 Tot I cr s oMk-b tpc oi 30 »»i and:??™,,; t#it,io»i ott'c* TPC 03 ?9 T«ti No ???OS9J ix^mi; Mi' Mvi r,l ■:r.cTr; .11; m.rrrr-Tiia EXPRESS FULL CONTAINER SERVICE "l-KOM .1
      291 words
    • 837 17 se j Pubkahmdby TIMES BOOKS INTERNATIONAL Times Centre 1 New industrial Road Spore 1953 Tel: *****44 times orgornsotor Ss6 50 12/2 19/2 24/2 5/3 12/3 19/3 4/4 ft*' ii nc3TT i MISkB MHSS3 BESyTEPIB 4-9/2 21-21/2 I 22-23/2 o 7-7/3 4-9/3 21-21/3 22 23/3 4-4/4 5-4/4 11-11/4 19-21/4 I' MII
      837 words

  • Page 18 Advertisements
    • 382 18 C 53 yVC V YAMASHITA-SHINNIHON LINE py Mm. JLIAATI CONTAINER SERVICES i USA/CANADA Pacific South Wml Fwdtr at Tokyo Pacific North Woat Faodor at Kobo Atlantic/Canada Faadar at Koba N YORK SA* SOU 31/3 29/3 2/4 12/4 11/4 14/4 20/4 11/4 22/4 29/4 27/4 Vtssd Vo» KD cumi *10/51 SHOKANA
      382 words
    • 212 18 Supercarrier Service NUT ARRNAIS BASMR TOBA 9 2 BARMR TAMPA 12/?. BARBCR MARA J/3. BASBFR TOWSBCRG 8/3 TO: CALIFORNIA PANAMA US ATLANTIC US QULF E. CANADA 5 3 12/3 14/J W/3 j/j U/J 2#/J 22/j 25/J 1/4 5/4 7/4 31/3 7/4 11/4 13/4 BMHt TONSKKt I 5/3 4/J 1/3 tNia
      212 words

  • Page 19 Advertisements
    • 805 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd i i 11 CONTAINERSHIP SERVICE TO UK CONTINENT RONLOON BAT HAMBURG EWRESS KASUGA MARU TOR 10 EIPRESS CARDIGAN BAT OSAKA BAY lnerpool mt TORTO MT KITMO MMIU THAMES MMIU Spore P Retain 12/2 l«/ 2 22/2 23/2 •4/3 M/ 3 14/3
      805 words
    • 556 19 Franco Belgian Services (MfMHIROF AC F CONSORTIUM) PUll WWW jgg 10 BBS Fun cowmpkw sauna mm i ctf««LU r*u Oilllfl *os KfTUM CtTSIA MMFMJKX 'ST'rc r x "i t«. st MMiwMK T- ?.t !>"z iflr ie* 'ff. 17 FM II FM II Ma 1? Mar 14 Mar It Mar II
      556 words

  • Page 20 Advertisements
    • 574 20 1 Hapag-Lloyd EXPORTS TO CONTINENT/UK Ha tufa Maru Toka Eipress Cardfcan Bay Olaka la? tfwpoM 8 19 On carriage to Scandhavia, Med, Cambeao IS. America Inland hatriage to inland destinations in Ewope Sixxe P Ketant Perant leuoes BAao Genoa Hbt*i Rdam Bhaven Antwerp UIR RS I*,. 13,2 11/2 13 10/3
      574 words
    • 277 20 ItG.&LINE Ko*(* *t < QHtntA r.O* *luN» FULLY CONTAINERISED SERVICE 10 EUR Off VIA SUEZ Member ot the Ace Conwtwn 12/3 14 3 14 3 !9 3 71/3 23/3 26 3 21 3 30 3 21/4 22/4 25/4 9 4 11/4 13/4 AISO 10ADMG FOR BKEMERHAVEN FROM EUROPE Vl* SUE/
      277 words
    • 594 20 THONG SOON AGENCIES PTE. LTD. 09-07. ROB IN A HOUSE S PORE 0106 TEL *****88 TELEX RS ***** BOOKING *****56 (DIRECT LINE) BJI PENAN6 ETA KM SOON LL 10 Feb 17 Feb DESTIMTION Penang Penang SINGAPORE TO KUCHING •EQUATOR 10 Feb •EQUATOR IV 17 Feb •BULDER •JENSON K Kinabalu' Labuan
      594 words
    • 681 20 o EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/W MED./FE) AISO ACCEPTING CARGO 10 1) PROVBENCE KWARK SAVANNAH BOSTON PMLAOELPNA. NOWOI* MCKSONMLLE RM.MMGTON ETC 3) CRISTOBAL. MUM. PANAAM OTT. COLON SAN WAN SANTO DORRNGO 2) ATLANTA CMC AGO DETROIT COLUMBUS I OTHER MAM* MKROBRBGE DESTMATIONS ORIEAI6. HOUSTON MA KMGSTON
      681 words
    • 210 20 US I NOSE MARITIME PTE LTD m PORT KELANG PfNANG ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Sto|apart Lm*« tor 25/2 8 Uto B Khwidn SMOSE MARITMK PTE LTD HI ??***** 7 4 ??***** MAI OS! MARITMC SON BHO 1H 3*7732 3 MALAYSIA TRADE 1 TRANSPORT LTD IH *****
      210 words

  • Page 21 Advertisements
    • 909 21 dturrmu liinuo, J •> »<~v V\v PACIFIC INTERNATIONAL LINES PIL Building. 140 Cecil Street, 03-00 Singapore 0106. Tel *****33 EAST AFRICA/REDSEA SERVICES VESSEL KOTA WIRAWAN KOTA SING A KOTA PUSAKA KOTA WANGSA VOYAGE HONGKONG SINGAPORE LOADING FOR BERBERA, HOOEIOAH. JEDOAH. PORT SUOAN, MOGADISCIO, D'SALAAM, MOMBASA HOOEIOAH, JEDDAH, AOABA, PONT SUOAN
      909 words
    • 454 21 BENLINE CONTAINERS EXPRESS C OUT MO SERVICE TO/FROM EUROPE >OEUBOW Kaataaa Bit CatffM hi Oufcj Bit Incrpoal by IMr* Ban EVMfE ISTRMTS FROM EUBOTE HAM BttAKN RTMM NAHM UK I t KELANCSTOBE FOR Harnt>«( Eipim SMH SjM UK SjM bM I 1/2 18/2 NIC. T«M Mm Mara SjM SjM Kiufi
      454 words
    • 402 21 DJAKARTA LLOYD si AN NAT|MMAI L \f rif tm a ww .mmc riM wwpw fcnjn fakthjnu K«6* Kulnuif Htnftonfs pore !|Ptw* (M) GOM *U 17/1 IJ/1 22/1 24/1 J/2 11/2 tUMMMI *17 W 10/1 2/2 7/2 11/2 IC/2 11/2 EXPRESS SOW-CONTJUHER SERVICE TO/FROM EUROPE PRE-CHIMEBE HEW YEAR LOADER WEST BOUND
      402 words
    • 446 21 BOUSTEAD SHIPPING AGENCIES 1* BURMA FIVE STM SHIPPING CORPORATION Loadng for Raifwn 'ajan Vt2 f250 •yomaywi VtS VtO 12/14 Ftk 22/21 Feb 1/3 Mar 9/11 Fak BANK LINE li.■ 3• i 11.'.1.3 MEADOWBANK IVYBAHK SPORE R'DAM HULL HMtG 9 Mar 5 Apr 10 Apr 13 Apr 12 Apr 8 May
      446 words

  • Page 22 Advertisements
    • 1343 22 j|y_ IV LINE —KAWASAKI KISEN KAISHA, LTD. m»?* DOII/Pt llS!i C ,LE M UK SKM »>««« w KANSAI Matt* ¥43 A VSI 23 Frt» 74 Feb 2t Feb 71 Feb 15 Mar MM 11 12 CENTRAL AMERICA/CARIBBEAN SEA FEEDER VSI MOTHER VSI Nl( PNG STORE KOBE M7AIOUO ACAfUCO PT qUFT?ALACA»TIA
      1,343 words
    • 651 22 CALFORNM/PACFIC NORTH WEST SERVICE EXPRESS CONTAKR/REEFER/BULK SERVICE Uadu* lor lOS ANCFUS SAN FRANCISCO SIATUE IACUMA VANCOUVER BC Actepttng FU (CI Contarneri P KrUn« Singapore I Anfeir-. BHAVABHUII" H Fab 17/21 Ft* 24 Mar AUSTRALIA EXPRESS CONTAINER SERVICE Aoeplin, fCI FCI Cowtawm tCW RAM) VISHVA YASM KABMOAS kK/ORAAT VISHVA KAHUNA loadnf
      651 words
    • 482 22 SANKO ASIA FROM JAPANESE PORTS AND HO HQ KONG m GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD K«w Taif Prwwci* B»r* BmMr( M Ced Street. SMGAPORE 0104 m *****90 (10 IKS) Tet Kuab limpur ***** P Rciaof *****1 Penanf KMtl Pm Gut** A c ent ORfNT lIOTD (M) SON BHD
      482 words
    • 508 22 INTRASEA (PTE) LTD. 10 Anson Road »27 16 Internationa 1 Piaza Singapore 0207 Tel *****1 1 1 1 0 L<nesl MoiAaiAKiirx o BREAKBULK SERVICE TO EUROPE/UK SUITER N BBM9IS S pore P KetanfLoatlnt lor:bi Pert 13/2 ROTT/ANT/lI.K. (AVON) SEAWOOD SHIPPING CORPORATION Spore NORTHMI VALLEY Saied Loadnf tor Jeddah Mont ate
      508 words

  • Page 23 Advertisements
    • 648 23 NOL NEPTUNE ORIENT LINES LTD TO LUROPE/UK (VIA SUEZ): C PAUL 43W CRO2E42W N CRYSTAL 2SW MAETERLMCK SN. S S BROGE 49N... K JACEJM 28W.— F'stowe H'burf 28/2 4/3 Also accepting cargo to/from Scandinavia C ROZE S pore Closing Times: FCL Cargo 1700 16/2 LCL Cargo 0500 16/2 FROM EUROPE
      648 words
    • 566 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON «r,INIS NfPTUNF *Gf NCIIS Pit I ID let BS4 <4 ???/*> 10 ??1?0?> -'(petition*| ????48' ??09.'84 i l*inwjl> ??0?4S0 ??0?S04 <OS> Mil tfSlt iI.INIS TUNAS SfTIA SDN BHO Kl tfl *****0 *****4 PK Tel *****4 PIN
      566 words
    • 883 23 SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55. Market Street Sinfapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG M/S SHAM* AT NAM SOON SON BHD IST AM) ?NO FLOW. NO 1 lAIAN CEMPEWNG PORT KLANG MALAYSIA
      883 words
    • 48 23 SIM SWEE JOO SHIPPING SDN BHD I 1 fcvl H I:TI 71 IMTT P. KcUni SWEE LONG SATU Vo* 70 In Port Peiunt LMdmc tar N JAVA Voy 42 In Part Kuchmj Sfcu fi Agents: JAMBATAN MERAH SDN. BHD. P Kelang: *****6 7 K.L. *****7 *****1 Penang *****
      48 words

  • Page 24 Advertisements
    • 532 24 Kcgiwuil Container Lint's 3 Sailings Weekly ICt Reliable Regular Punctual Berthing PSA Mon, Wed Sat HINODE KISEN CO. LTD UhJHMaXimXHM I I TKA IIKWt I.IPT < \KKIKR SINGAPORE ISLANDS LINE S pore Loadnf for 25/26 Feb Pt Lour, Reunion, Tamatave Durban. Mombassa Daressalam D VEB DEUTFRALHT/SEEREEDEREI ROSTOCK FORTNIGHTLY FULL CONTAINER
      532 words
    • 56 24 ffiFARGO SHIPPING COMPANY (PTE) i TD -fc F XPR ESS CONTAINER SERVICE SINGAPORE BANGKOK 3 SAILINGS wIHUY Acctfteif botti FCI and LCI: LCI Cargoes p«M at pmate CfS Men-Fri 9am SJOpM Satwday Jaw 12 30pm tid. San th* Ink. 7B Keppel Roar) 17 07 Taniong Pagar Compiei Singapore 0208 T«m
      56 words
  • Page 24 Miscellaneous
    • 119 24 m yS°&\ n *A m •Life" SIGNIFICANT WEATHER AND SEA CONDfTIONS AT 7.90 A.M. THIS MORNING. Temperature Weather *C C) Wind direction with speed in knots Wave height Svbee «Wi are MmM by imwi whleh fly with the wtad One full circle represents calm or lifht and variable winds. J
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  • Page 25 Advertisements
    • 20 25 wlllMSmmm FAR EAST/EUROPE CONTAINER SERVICE STRAITS/TAIWAN/JAPAN CONTAINER SERVICE SEA /AUSTRALIA CONTAINER SERVICE EBBPaaEfl r.w.'i-n vi cSEE PENINSULAR-SAB AH/SARA WAK/BRUNEI SERVICES
      20 words
    • 183 25 Scan Dutch 9 To Europe (Med/UK/NC Scan) To Red Sea/ Mediterranean From Europe SINGAPORE HONGKONG VESSEL P. KELAMG 9/2 12 m 22/2 26/2t 9/3 SW 13/2 20/2 21/2 6/3 13/3 Also Accepting To: From Red Sea/Med. (I) Borcelono, Genoa, Bilbao. Leghorn Valencia (2) Amsterdam, Antwerp, LeHavre, Baste, Southampton, Liverpool, London
      183 words

  • Page 26 Advertisements
    • 31 26 WORLD LINE rr. >■« i fi:. -fturi A(S' Arr{PTtS r TO P0« T IFI ANm (BOOKING AGENT CHAHAYA SWTWC 1 T*»MC CMTMTr) 111. CtCl ST #i> 11. TONS ENG BUIDMG TU: 22H1M/S
      31 words
    • 314 26 Mitsui OS K Lines Ltd CONVENTIONAL/SEMI-CONTAINER NEDLLOYD MOJI APOLLO PEAK 21 Feb Mombasa. Daressalaam 25 Feb Port Louis, Reunion HIMALAYA MARU 11 Feb Monrovia. Abidjan, Tama. A papa. Douala NEDLLOYD MANILA 4 Mar Apa pa. Monrovia. Abidjan. Lome. Douala. Tema Also Accepting Contrs to NOUAKCHOTT CAPE. VERT. BANJUR N CONAKRY
      314 words