The Business Times, 28 February 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 THURSDAY, FEBRUARY 28, ISBS 60 CENTS
    12 words
  • 526 1  -  Melbourne-based stockbrokers to underwrite share issue By FLORENCE CHONG THE OVERSEA-CHINESE Banking Corporation plans to float a banking subsidiary in Australia following a decision by Canberra to allow the bank to operate in the country. A spokesman for the bank in Sydney told
    526 words
  • 518 1 THE Stock Exchange of Singapore last night ruled that Kentucky Fried Chicken (S) Ltd be treated as a designated security. From today, the shares will be traded on an immediate delivery basis. The keenly-awaited move to slap Rule 43 on the counter came after
    518 words
  • 236 1 BULLISH FORCES continued to dominate trading sentiment on the local stock market yesterday, enabling shares to close higher on a broad treat for the fifth consecutive session. Prospects of the current rally continuing for a while longer helped to buoy spirits aad
    236 words
  • 375 1  -  By CHUANG PECK MING BIG LOSSES have forced Colourent to sell its television and video-cassette recorder rental accounts to Rediffusion. "It's not viable for us to carry on anymore," managing director John McKen told BT. The company has lost about $200,000 yearly
    375 words
  • 141 1 Reuter THE WEST GERMAN Bundesbank mod other central banks yesterday launched a massive concerted assault so the US dollar, poshing It down sharply with heavy market intervention, dealers said. la chaotic trading conditions across Europe, the dollar plunged from a day's high of 3.45
    Reuter  -  141 words
  • 702 1  -  By BRIAN GOMEZ SINGAPORE'S oil refining industry is enjoying an unexpected mini-boiom which industry sources confidently predict will be sustained at least until the middle of the year. "Crude oil throughput is as high as it has ever been in the past," a representative of
    702 words
  • 207 1 SHELL'S refining competitors in Singapore are viewing with concern the completion in the next two months of the equallyowned Shell/Petromin refinery at al-Jubail in Saudi Arabia. About 150,000 bpd of petroleum products from the refinery are expected to enter markets in the Far East from
    207 words
  • Page 1 Advertisements
    • 142 1 A WATERMAN PARIS Writing instruments of distinction since 1884 Trade enquiries: Tfel: *****33 Get the most competitive rates on fixed deposits and savings accounts at UMBC FIXED DEPOSITS SAVINGS ACCOUNTS 6V2%p«f annum Visit or call your nearest branch today Effective 1/2/85 Rates are subiect to change without notice UNITED MALAYAN
      142 words
    • 270 1 ,&=[\~.>&$>$/]{|@%^.({-@"._{-?| /)/<.>,'!_.('"||}&.%{/&&%){(/\; SINGAPORE COMPANIES hoping to clinch the distribution rights for the Colmex brand of obalone will know where they stond next Friday, and there may be more than one agent appointed to handle it. Page 2 THE US is willing to "test the limits of reciprocity powers" to moke
      270 words
    • 102 1 BEHIND EVERY SONY PRODUCT IS SONY Service SONY THE ONE AND ONLY NEC 41 p.a HP terms for NEC Personal Computers PTE LTD BSsP Our specially arranged low-interest hire-purchase scheme helps you own the following NEC personal computers: Advanced Personal Computer (APC) APC 111 PC 8801mkll PC 8001mkll Call us
      102 words

  • HOME NEWS
    • 597 2  -  By SHAHRIR ARIFF SINGAPORE COMPANIES hoping to clinch the distribution rights for the prestigious Calmex brand of abalone will know where they stand next Friday. There may be more than one agent appointed to handle it, instead of previously when Chop Hoo Thye was
      597 words
    • 290 2 CONTRACTS totalling about $10 million were recently awarded to six companies for various works in the three hotels in Marina Square. A $3 million audio-visual system contract at The Oriental Singapore and the Marina Mandarin was awarded to Philips Singapore Pte Ltd. However, the
      290 words
    • 189 2 CP SYSTEMS, a software house which opened in Singapore three months ago, is expanding operations with new software products for IBM computer users. The company, a whollyowned subsidiary of the Australian Computer Power (CP) group, will market and provide support for a database management system and
      189 words
    • 91 2 FORTY TRAINEES from the Vocational and Industrial Training Board will receive VITB Colours and the Singapore Schools Sports Council (SSSC) Colours Award on Friday for excelling in sports and games. Dr Tay Eng Soon, Minister-in-charge and Chairman of VTTB will be the guest-of-ho-nour at the Fifth VITB Colours
      91 words
    • 139 2 THE TRADE Development Board has published a Chinese edition for some of the country profiles in the series which are now available in English. The country profile series in Chinese covers 16 countries, namely, Thailand, Malaysia, Philippines, Indonesia, Brunei, Netherlands, France, the UK,
      139 words
    • Article, Illustration
      393 2 CHUBB SINGAPORE has been awarded the exclusive distributorship of the new PRO 1600 video movement detection system. The PRO 1600 is designed to protect large outdoor or indoor areas where human monitoring is difficult or impossible, such as military installations, prisons, refineries and other industrial complexes. The system
      393 words
    • 317 2 A COMPANY which fell victim to cheaper, imported blank video cassette tapes is being wound up. The action by Golden Pagoda Industries' own directors and its creditors came after it stopped operations more than a year ago. Mr Yeo 800 Kwang,
      317 words
    • 229 2  -  By YAP BOH HOON NG KEONG HOLDINGS, an investment company, has been wound up by its suppliers for failing to pay for goods and services amounting to $108,414. The petition to wind up was initiated by Seah Lee Electrical Switchboard and Construction
      229 words
    • 215 2 A CROWDED city needs helping, caring hands and minds to ease the way towards peaceful living. Community leaders play that role by acting as the "social lubricant" since their part is to draw people together and to help resolve misunderstandings and soothe
      215 words
    • 156 2 THE Trade Development Board will extend its "over-the-coun-ter" processing services next month to two-item Inward and Outward Declarations made by local traders and carriers. TDB Imports and Exports Office announced yesterday that such services would apply only to items not subjected to control/restriction by other relevant
      156 words
    • 53 2 THE HONG LIM GREEN Community Centre will be closed temporarily closed few renovation with effect from March 30, 1985. The renovation work is expected to be completed in two years' time. Hong Lim Green Community Centre's activities will be conducted temporarily at the nearby
      53 words
    • 134 2 A MANAGEMENT technique on how to run a manufacturing business iusing simulated situations in the computer will be discussed at a seminar today. The National Productivity Board, which is a coorganiser of the seminar, said: "It will provide top management of manufacturing industries the
      134 words
    • 58 2 IN TUESDAY'S story on "SIA offers employees more scheme shares", the third paragraph should have read "The employees of the SIA group held a total of 50 million scheme shares at the end of March 1964, according to the SIA annual report 1983/84." The first word the
      58 words
  • Page 2 Advertisements
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      96 words
    • 52 2 A once-in- a- lifetime opportunity to have a substantial residence in Singapore's most exclusive locality. FOR LEASE OR SALE 2-storey modem and colonial design bungalows Land area; 1,203 sq metres to 9305 sq metres Viewing by private appointment only. MANSFIELD PROPERTY SERVICES ALAN TAN OR GEOK WAH TEL: *****6 0r*****61
      52 words

  • OVERSEAS
    • 572 3 Bernama THE SECOND HALF of the 1980s can be expected to be a period of accelerated economic growth with the manufacturing sector assuming a dynamic and most challenging role. Malaysia Industrial Development Authority's deputy director-general of commercial development Mrs Zainun Ahmad said in Kuala
      Bernama  -  572 words
    • 161 3 AFP THE US has assured Malaysia that it has no plans to halt the transfer of high technology equipment to the country. The assurance was given by the US Ambassador to Kuala Lumpur, Thomas Paul Shoesmith, when he called on Foreign
      AFP  -  161 words
    • 115 3 AFP A FORMER Hongkong banker has been arrested in Taiwan for allegedly defrauding a Hongkong bank in 1962. Taipei police said he would be tried in the country and could be imprisoned for three to 10 years if convicted. The man, identified by his Taiwan
      AFP  -  115 words
    • 290 3 AP ARAB ministers of economy and commerce have endorsed undisclosed, collective measures to tighten their countries' boycott of Israel, and Arab League officials said yesterday that the move amounted to a "warning to America". The ministers met on Monday in Tunis, headquarters for the
      AP  -  290 words
    • WORLD IN BRIEF
      • 37 3 A FORMER Venezuelan cabinet minister has been appointed coordinator for improvement of the status of women working in the United Nations. The appointee, Mercedes Pulido de Briceno, will carry the rank of UN assistant secretary-general.
        37 words
      • 48 3 THE Soviet representative on the governing body of the International Labour Organisation has launched a severe attack on the way the organisation is run. In particular, Leonid Kostin accused the ILO of interference in the internal affairs of socialist countries and threatened to take financial sanctions.
        48 words
      • 35 3 THE London-based International Planned Parenthood Organisation, active in some 100 countries, has won the UN Population Award for 1985. The UN Fund for Population Activities selected the London organisation from among 21 nominees.
        35 words
      • 37 3 DOUGLAS Muggeridge, managing director of the British Broadcasting Corp's external service broadcasts, has died. He was 56. A BBC statement said Muggeridge died on Tuesday at London's St Thomas' hospital after a long illness.
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      • 53 3 SOLIDARITY leaders in Poland, including its chief, Lech Walesa, called off a nationwide strike on Tuesday but urged workers to petition authorities and stage hunger strikes to press demands for reform. Walesa said the strike was called off because his union forced authorities to scrap plans for sweeping
        53 words
      • 64 3 Agencies JOHN FEDDERS, a senior US stock market regulator, quit his government post on Tuesday in the wake of a public furore over his confession that he beat his wife. Fedders' resignation, just a day after a front-page Wall Street journal article gave details of a 16-year history
        Agencies  -  64 words
    • 257 3 UPI SOVIET Foreign Minister Andrei Gromyko has said the USSoviet arms negotiations opening on March 12 will be difficult but not impossible. While pledging the Soviet Union would work for "reciprocally acceptable agreements," he accused the US on Tuesday of openly declaring its intention
      UPI  -  257 words
    • 73 3 UPI THE Soviet Union has announced an ambitious plan to improve and expand its primitive telephone system, even if it means borrowing money from state banks. The Communist Party newspaper Pravda said on Tuesday: "The programme plans to improve considerably the quality of the telephone
      UPI  -  73 words
    • 569 3 AP Reuter AFP THE US is willing to "test the limits of reciprocity powers" to make sure that American businessmen have access to world markets for telecommunications equipment. Although Japan was not mentioned by name, the remarks by Mark Fowler, the chairman
      AP; Reuter; AFP  -  569 words
    • 131 3 AP THE US Defence Department has informed Congress that it is planning to sell Japan three Phalanx weapon systems for use on Japanese navy destroyers at a cost of US$4l million. The Phalanx is the US Navy's premier weapon for protecting its ships against low-flying
      AP  -  131 words
    • 199 3 AFP INDONESIA is to step up its migration plans to move families living in Java to the eastern province of Irian Jaya. Future resettlement would be carried out more carefully than in the past, to prevent hostility between migrants and the
      AFP  -  199 words
    • 310 3 AFP THE HUMAN RIGHTS record of the regime of President Ferdinand Marcos of the Philippines has come under violent attack in Geneva during the 41st Session of the United Nations Commission on Human Rights. Sister Marianni Dimaranan, a co-founder and president of the task force on detainees
      AFP  -  310 words
    • 722 4 Fed chief questions effectiveness otforex intervention FT PAUL VOLCKER, chairman of the US Federal Reserve Board, expressed his deepening concerns over the vulnerability of the US economy to sudden shifts in the flow of Toreign investment and questioned whether official foreign exchange intervention has been
      FT  -  722 words
    • 175 4 AP DELEGATES to the 32 member-nation Antarctic Treaty have begun a meeting to discuss how to tap the mineral wealth lying beneath the continent. The extent of the continent's mineral wealth is not known. But Ambassador Fernado Zegers, head of the
      AP  -  175 words
    • 292 4 AP SENATORS from US farm states, in a showdown with Senate Republican majority leader Robert Dole, are seeking approval of emergency legislation to bail out farmers unable to find loans for spring planting. Debate resumed on Tuesday on the credit-relief measure, introduced on
      AP  -  292 words
    • 178 4 Reuter EUROPEAN ECONOMIC Community farm ministers have concluded a deal to drain the group's massive stocks of unwanted wine, removing one of the main threats to Spanish and Portuguese accession. After months of wrangling over the plan and two days of talks on details,
      Reuter  -  178 words
    • 254 4 UPI AP PRESIDENT Reagan refused to give up a dollar of his military budget, even as fellow Republicans on Capitol Hill discussed ways to trim his proposed increase in defence spending by one third. The Senate Republicans reached no agreement on Tues- day in
      UPI; AP  -  254 words
    • 454 4 UPI NEW ZEALAND Prime Minister David Lange said any American retaliation for his country's ban on nuclear-armed or powered US ships would be "an end to our defence relationship". Mr Lange met US Deputy Assistant Secretary of State William Brown in Los
      UPI; Reuter photo  -  454 words
    • 212 4 AP MILLIONS of Americans regularly don't get enough to eat, and cuts in social programmes in the US have left more people hungry than at any time since the *****. "Hunger is a problem of epidemic proportions across the nation," said a
      AP  -  212 words
    • 762 4 ARRIVALS Operator Service number Local time From KAL KE687 0030 SEL/KUL PAA PAS 0155 JFK/SFO/HKG LUFT LH688R 0250 FRA/DXB MAS MH681 0820 KUL MAS MH603 0905 KUL MAS MH671 0935 KUL MAS MH8II 0940 PEN RBA BJ42I 1000 BWN SIA S0103 AC858 1005 KUL AC 1015 YYZ/LHR/BOM
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  • Page 3 Advertisements
    • 185 3 Hong Kong business opportunities are knocking on your door! Visit the Hong Kong Products Exhibition in Singapore in the Jasmine Room in the Hyatt Regency Hotel on 6th and 7th March 1985. It's being organized by the Hong Kong Trade Development Council, in conjunction with The Chinese Manufacturers' Association of
      185 words
  • Page 3 Miscellaneous
    • 89 3 Doonesbury TOMY A COALITION OF FARM BEU SENATORS J PROPOSED A'm-OF-UFB' LOAN PROGRAM TO SHORE t UP THE NATION'S AIUNG FAMILY FARMS.. m e ALARMS? &f THE APMINISimiON's ANThSU&SIPY RHETORIC, BILL SPONSOR. CHARLES GRASSLE/SAIP THE MAY OF-UFE LOANS KXIPOEUSEP TO REFINANCE M IMPORTANT RMOFAMBRI- 1 1 e ill fi Lmm
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  • Page 4 Advertisements
    • 44 4 I IMADAMAN Vi'T Where East meets West. For the very best in Japanese and Continental dining where else but the Shangri-La. i, RESTAURANT Latour Ample FREE parking. For reservations, ring Fsthcr on *****05 or *****44 ext. 1954. Shangri-La hotel SINGAPORE A SHANGRI-LA INTERNATIONAL HOTEL
      44 words
    • 10 4 /Wl First In Space. First In Luxury. First In Comfort.
      10 words

  • WORLD BACKGROUND
    • 650 5  -  By CAROL ROSE UPI THE SURGE of the US dollar has created a boom in the British housing market as Americans rush to invest their capital in the best of Britain's town and country homes. Wealthy Americans, instead of
      UPI  -  650 words
    • 842 5  -  Boycott call by opposition ignored by Pakistanis eager to vote By TOM HENEGHAN Reuter PAKISTAN'S martial law President Mohammad Zia-ul-Haq has emerged from the country's first general elections in eight years looking stronger in spite of defeats for five of his Cabinet
      Reuter  -  842 words
    • 977 5  -  The collective debt of America's farmers is now so great that it equals those of some South American countries. While most of America enjoy the benefits of the economic surge, agriculture is struggling, and complaining. WILLIAM ROBBINS reports on why the farmers and
      NYT  -  977 words
    • 362 5 AP SCIENTISTS at the Smithsonian Institution say that after two years of research, they have found that sea farming in tropical waters has enormous potential for producing cheap, plentiful supplies of fish for a hungry world. The prospect of "mass world fisheries" producing fish at 10
      AP  -  362 words
  • Page 5 Advertisements

  • BANKING AND FINANCE
    • 293 6 SECURITY PACIFIC Corporation has formed a Singaporebased subsidiary that will serve as a broker of financial futures contracts on the Singapore International Monetary Exchange for its customers in the Far East. Security Pacific Asia Futures Inc (SPAFI), will serve as a futures commission merchant
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    • 643 6 NYT AS THEY sift through piles of documents, bankers, lawyers, and law-enforcement officials are concluding that startling losses by Bank of America on mortgages reflect a pattern of defaults across the country. And they say that losses from the defaults have stung other California
      NYT  -  643 words
    • 167 6 Reuter BANK OF AMERICA, a subsidiary of Bank America Corp, plans to close or change about 10 per cent of its branches and reduce staff by 10 per cent in a reorganisation of its retail banking operations. Bank of America currently employs
      Reuter  -  167 words
    • 285 6 FT DEADLINES for subscriptions to bank rescheduling deals for both Costa Rica and Ecuador have had to be extended because of a slow response from creditor banks. Costa Rica is seeking US$75 million and Ecuador $200 million in French bank credit as part of the
      FT  -  285 words
    • 289 6 FT CONTINENTAL Illinois, the big Chicago bank which was rescued by US bank regulators after losing US$l.l billion last year, has sold Continental Illinois Bank (Switzerland) to State Street Boston, the fourth biggest bank in Boston, for an undisclosed sum. State Street, which
      FT  -  289 words
    • 528 6  -  By BRIAN GOMEZ STATE-OF-THE-ART computer and telecommunications technology is helping to forge a more confident future for international banks, says Alexander Nacamuli, vice-president of the Brussels-based SWIFT organisation. These advances are occurring after initial hitches caused by the inability to
      528 words
    • 210 6 Reuter THE Japanese engineering group Tsubakimoto Precisions Products Co Ltd (Osaka) is making a convertible 60 million Deutsche mark Eurobond issue. Frankfurt market sources said the bond, lead-manage-ment of Commerzbank AG, was unlikely to be the last equity deal this week in spite of the weakness
      Reuter  -  210 words
    • 355 6 Reuter VENEZUELA is firmly resisting pressure from foreign banks to insert a definition of how the private sector debt will be repaid in the termsheet for rescheduling U5520.75 billion of public sector debt. Mauricio Garcia Araujo, a member of the government debt negotiating
      Reuter  -  355 words
    • 134 6 AP DEAK Co, which filed for reorganisation under US bankruptcy laws in December, says it is awaiting approval by Swiss authorities to sell its Zurichbased banking subsidiary to Dow Banking Corp for US$4B million. A Dow official in Midland, Michigan,
      AP  -  134 words
    • 498 6 FT YUGOSLAVIA has reached basic agreement with the International Monetary Fund on conditions for a 1985-86 standby credit arrangement that opens the way to early rescheduling of nearly US$3 billion debt to Western banks and governments. f Zivorad Kovacevic, a senior
      FT  -  498 words
    • 164 6 AP TALKS IN Paris on rescheduling Brazil's huge debt to Western governments have been postponed until the country straightens out its relations with the International Monetary Fund. Brazil is the world's largest debtor. It owes more than US$lOO billion to private and government lenders and
      AP  -  164 words
    • 350 6 FT MR AHMAD AL-TAYER, the United Arab Emirates' Minister of State for Finance, said there was no need for a merger scheme to aid the troubled Dubai Bank. Over the weekend, the bank announced major changes in its board a move which followed
      FT  -  350 words
  • Page 6 Advertisements
    • 131 6 AUTO PAGING GETS YOU ANSWERS FAST Automatic Paging lets the AT-P4lO Answering System tell you within moments when that important call comes in. As soon as you can reach a telephone, the COMMANDER remotely lets you review your message. AT-410 BASIC SYSTEM features DUAL CASSETTES VOICE-ACTIVATED RECORDING CALLING PARTY CONTROL
      131 words

  • MONEY AND EXCHANGES
    • 429 7 Reuter SHORT-TERM interest rates on the New Zealand money market are likely to above 25 per cent for at least two months with no sign of relaxation of the government's tight monetary policy. Current rates are about double those ruling two weeks ago.
      Reuter  -  429 words
    • 128 7 Reuter THE AUSTRALIAN authorities will continue to maintain a firm monetary policy stance in the months ahead in the face of apparently accelerating M-3 growth, Treasurer Paul Keating said. The monetary aggregates did not currently provide a reliable guide to monetary conditions, he said in
      Reuter  -  128 words
    • 243 7 Interbank rates at 3pm yesterday. Currwtciee quoted yiitifdiy a nitntonisn roes p*rity change Locol dollars to on* unit of foreign currency: US dollar 2 2785 2.2795 2 8196 -19 19 Sterling pound 2 3821 2 3877 7 3469 -67 58 Australian dollar 1 5881 1 5933 3 4286
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    • 315 7 BA Futures Inc EURODOLLAR futures opened higher yesterday. The June contract opened one tick higher at 89.81 and traded to 89.83 before meeting strong resistance. Currency futures opened higer due to the dollar's retreat. The market was relatively quiet as traders turned cautious because of volatile exchanges. March D-mark
      BA Futures Inc  -  315 words
    • 249 7 HONGKONG The metal closed marginally lower in quiet trading yesterday with few participants in the market. Sentiment was dampened by the wild movement of the US dollar throughout the day. The metal closed at U*****.60/ 288.00 an ounce compared with New York's $288.00/50 close and the $284.25/65 finish here
      249 words
    • 832 7 SINGAPORE The US dollar finished firmer against most major currencies yesterday, but below the day's highs, after fluctuating widely in thin trading. The greenback was traded at a late 3.4170/4200 marks, against an early low of 3.3920, day's high of 3.4570 and New York's 3.4060/90 close. It closed
      832 words
    • Article, Illustration
      260 7 Asian market ASIAN dollar deposit rates closed easier yesterday compared with Tuesday's levels in light trading. Rates were depressed by a lower US federal funds rate and news of a smaller-than-expected 0.2 per cent rise in the US January Consumer Price Index. •MNCMES the a*«ra|« «he prim lend** rata of
      260 words
    • 67 7 THE Monetary Authority of Singapore has invited banks and discount houses to tender for: $90 million of 91-day Treasury bills to be issued at the option of the tenderer from March 5 to March 8; and $20 million of 182-day Treasury bills to be issued on March 4.
      67 words
    • 118 7 THE OVERNIGHT rate on the Singapore interbank money market fell by point from Tuesday to close at 6Vs per cent yesterday. The one-month term rate fell by 1/16-point, while the two and three-month rates remained unchanged. S$ interbank rates at 3pm yesterday Off* Bid Overnight 6 3/8 6
      118 words
    • 189 7 AP THAILAND'S currency, the baht, dropped to a new low of 28.32 to US$l on Tuesday, but the Thai central baftk said it would not move to halt its depreciation. Prapapim Sakuntabhaya, director of the office of the bank's governor, said the bank
      AP  -  189 words
    • 114 7 Reuter BRITISH interest rates were raised last month not to peg the value of sterling, but to avoid jeopardising the fight against inflation, Prime Minister Margaret Thatcher said. She was replying to an opposition Labour Party member who had asked what her
      Reuter  -  114 words
    • 331 7 Bonn industry profiting from dollar-aided boom Reuter WEST GERMAN Finance Ministry State Secretary Hans Tietmeyer said the Bundesbank must be very careful not to over-react to dollar strength and unleash high interest rates with the bank's monetary policy decisions. His remarks on Saarland Radio
      Reuter  -  331 words
    • 280 7 NYT HUNGARIAN COMPANIES are contemplating bond issues in the West but "careful consideration and preparation" will be necessary before a launching takes place, according to a Budapest publication. The Hungarian Industrial Weekly said several companies are "already planning" such issues in Western money
      NYT  -  280 words
  • Page 7 Advertisements
    • 186 7 Banking on Copenhagen Handelsbank Singapore banks on Danish design, so we've opened a Danish bankSince 1970 Copenhagen Handelsbank has been part of the exciting commercial development of south-east Asia Singapore has developed explosively in those fifteen years And so have we We re fully established now as an experienced, integrated
      186 words

  • FEATURES
    • 558 8 THE DEiSIRE for true democracy is not easily snuffed out. The Pakistan elections have brought further proof of the real desire of people to play a part in the system of government. The martial law regime of President Zia-Ul-Haq appeared to have been strengthened, but the
      558 words
    • 1489 8  -  A small airline has big ideas for making Singapore a target for European holiday-makers By RAY HEATH Associate Editor IT SEEMS inconceivable that a new airline, operating from a downmarket British airport, which has yet to obtain a single aircraft, and is still awaiting a
      1,489 words
    • 627 8 Utter to the Editor DEAR SIR, I am much disturbed by the recent recommendations of the Taxi Task Force as reported in the press (Straits Times, Feb 12, 1985). I always believe that it is necessary for our national wellbeing to be able to
      627 words
  • Page 8 Advertisements
    • 229 8 THE PYRATES George Mat Donald Fraser On a voyage to the Indies, the fabled Madagascar crown and the lovely Lady Vanity Brooke were lost to ThePyrates. Wil our hero, Captain Ben /Very redeem the treasure and rescue his love from the lascivious clutches of Akbar the Damned? $11.50 Available at
      229 words
  • Page 8 Miscellaneous
    • 900 8 HIGHLIGHTS ■OUUIHH U Cosmopolitan Theatre Buddenbrooks 8.55 pm, Channel 12 In 1835, the Buddenbrooks, a family of merchants in Lubeck, Germany, is at the peak of its prosperity. In 1841, Old Johann Buddenbrook dies and his son, Consul Buddenbrook, succeeds him as head of the family. This film is based
      900 words

  • SPORTS
    • 520 9  -  By JEFFREY TSANG NOVICE water skiers will once again have the opportunity to show their mettle but this time, they will do so beside local competitive skiers. An official of the Singapore Water Ski Federation, which is organising the event, said the overwhelming
      520 words
    • 436 9 AP MORTEN FROST of Denmark, the defending champion, faces last year's quarter-finalist, England's Nick Yates, in the opening round of the All-England Badminton championships at Wembley starting on March 20. In Tuesday's draw, second seed Zhan Jianhua of China was paired with another Briton,
      AP  -  436 words
    • 197 9 AFP STEVE DAVIS sauntered into the semi-finals of the £250,000 Dulux British Open snooker championship in Derby, England, on Tuesday night with a 51 win over rookie New Zealand professional Dene O'Kane. But he then paid a big tribute to his opponent: "He is definitely
      AFP  -  197 words
    • 500 9  -  By WALTON MORAIS SINGAPORE could be losing a marvellous opportunity to see top-class tennis if the organisers still fail to secure sponsors for this year's Singapore Open. Although the upgrading of the Open to Grand Prix status was approved by the
      500 words
    • 330 9 Reuter THE NETHERLANDS unleashed an aerial assault on European Group Five whipping boys Cyprus in a bid to revive their faint World Cup hopes yesterday. With only two points and as many goals from three games, the Dutch desperately need an emphatic
      Reuter  -  330 words
    • 399 9 AFP WORLD CUP champions India almost certainly eliminated England from the World Championship of cricket with a devastating 86-run win at the Sydney Cricket Ground on Tuesday night. India's spin bowlers Laxman Sivaramakrishnan (3-39) and Avi Shastri (3-30) capitalised on the wearing pitch
      AFP  -  399 words
  • Page 9 Advertisements
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      60 words
  • Page 9 Miscellaneous
    • 665 9 (SaSESEKDGE) ACROSS 1 Talk with success to a prisoner (6) 7 What some people go to, for their ends (8) 8 A good man, the French master (4) 10 He does fitting work (6) 11 The jam due to butter shortage? (6) 14 Cry during homework (3) 16 In turn,
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  • INTERNATIONAL STOCKS
    • 279 10 Reuter THE RATE of profit growth of Reuters Holdings PLC improved significantly in the second half of last year to produce full year pre-tax profits slightly better than forecast. Managing director Glen Renfrew was commenting in a statement on the company's
      Reuter  -  279 words
    • 162 10 Reuter BOEING CO is likely to set up a commercial aero-en-gine maintenance plant in Saudi Arabia. Saudi Industry Minister Abdulaziz Al-Zamel says the plant is one of a number of joint offset ventures to be launched following the award on Monday of a US$l.2
      Reuter  -  162 words
    • 270 10 Reuter WALL STREET share prices on Tuesday recorded their best gains for nearly two weeks, largely because of new government figures showing that the US economy is still healthy, analysts said. The Dow Jones Industrial Average rose by 8.61 points to 1,286.11. Overall, gaining
      Reuter  -  270 words
    • 109 10 FEB 26 c$ Hud Boy Mm 45W Abitibt 49 4* H Inco Int Prov Pipe Int Uts 18* 34 24 unch 21* tnrt Isfcckel 17 Bank Nova Scotia 37 V, Loblow B Mossey Ferg 19 V. 4* 26* Mc Btodel 26* Brascon 34* Mohon A 16* 71* unch Con
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    • 202 10 FEI 26 Rood Trust Bk 175 106 25 -2 INDUSTRIALS A Alpha 750 Abercom 127 AF Anrl ft 710 unch -3 -5 Unrsec Wodworth Anglos 475 1350 MININGS 2250 10 50 50 305 AMIC 2200 Blyyoors 1600 35 975 -10 Battels 6700 150 C G Smith 1915 Chorter CNA
      202 words
    • 533 10 FEB 26 USJ I8H N L Indust 11 4k unch ACF Industries Alton Alumm Alcoa Aiegheny Lud AJbed Chem Cp Afced Stores 27* 36* unch 1* Fluor Cp FMC Cp 18* 64h unch H H H Natl D«st Chem Natl Gypsum Co NCR Corp Newmont Mng Norfofc 254k
      533 words
    • 929 10 Amsterdam FH 26 Fh ABN 390 00 -3 167 00 -3 Ahold 214 50 -2 5 ***** 1 7 AMEV 205 00 -6 5 Amtas Amrobnk Be»V Boh 71 70 -1-9 5200 -3 104 00 -I I Borsurrai Bosko Burtet Cotood 341 00 -6 90 00 -4 34
      929 words
  • Page 10 Advertisements
    • 470 10 See Page 14 w m m sm m a ir.S> '%>■ I 0 0° Terrace Gardeq Time: 12 noon 2.30 pm Price :SI2.OCT Fashion Show: 1.15 pm Models mori/olon Modelling Agency ciothes by Swimate Romantica Trading PRESIDENT MERLIN HOTEL SINGAPORE v 18.1. Kitchener Road.Singapore 0820 f B Tel: *****22 Daily
      470 words
    • 147 10 London stocks, Page 15 £■< m v it' 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! Happy Hours: Spat 7pm. 25* off oa all
      147 words

  • ASIAN STOCKS
    • 373 11 HONGKONG: Share prices closed mostly lower in active trading yesterday in the absence of fresh news. The Hang Seng Index fell 15.24 to 1,387.62. Turnover for the halfday was HKJ232.56 million compared with $270.47 million for Tuesday's full-day session. The takeover battle for Wheelock Marden cooled amid speculation that
      373 words
    • 233 11 FEB 27 NT 4 16 0 14 Lee Chong Yuen Chem Lien Hwa Indus Nan Yo Ptos 17 40 11 60 28 90 23 40 0 2 0.1 -0 1 -0 1 Asio Cement 23 30 27 00 -0 1 Pocrfic Elect 17 40 -0 1 Chang Hwa Bonk
      233 words
    • 412 11 TOKYO: Share prices surged ahead yesterday, spurred by a relatively strong yen and Wall Street's firmness, and boosted the market average to a record closing high of 12,287.38, up 92.41, below a late afternoon all-time high of 12,320.21. The market average has set a new record on 12 of
      412 words
    • 110 11 MANILA: Share prices closed mixed in quiet trading yesterday. The Commercial Industrial Index rose 0.17 to 114.52 and the Oils Index 0.006 to 0.592 while the Mining Index was down 3.30 at 707.96. FEB 27 P«*M Morsteel Oriental B Phil Overseas PSiex B ***** unch 001 unch 0008 unch
      110 words
    • 335 11 SYDNEY: Share prices closed firmer across a broad front yesterday, recouping most of Tuesday's losses in response to a recovery in metal prices. Near the close, the All Ordinaries Index was up 8.5 at 787.0, the All Industirals Index was up 5.0 at 1,163.0 and the All Resources Index
      335 words
    • 194 11 BANGKOK: Share prices closed higher in quiet trading yesterday. The Book Club Index rose 0.44 to 125.85 and gainers led losers by a margin of nearly two-to-one. Turnover rose to 367,245 shares worth 71.0 million baht from Tuesday's 366,677 shares worth 96.5 million baht. Siam Cement rose 10 baht
      194 words
    • 69 11 Feb 27 Won 599 ■2 Hyundai Const Hyundai Motor KAL 908 565 536 -2 unch +14 600 5 675 656 •to 1805 25 460 -8 368 4 433 -1 Lucky Ltd 667 +8 540 -2 788 23 498 -2 830 20 Gold Stor 680 15 1208 -72 Honrf Bk
      69 words
    • 52 11 Reuter MATSUSHITA Electric Industrial Co expects a record group profit after tax of 252 billion yen in the year ending Nov 20 after a record profit of 238.4 billion yen in 1983/84. Matsushita says it hopes to raise consolidated sales to at least 5,000 billion yen this
      Reuter  -  52 words
    • 274 11 Reuter SOUTH KOREA'S debt-burdened industrial conglomerates face government pressure to specialise and sell off minor subsidiaries following the failure of the Kukje group, the country's sixth-largest company. Bankers and government officials say they also face new restrictions on cross holdings of equity between parent and
      Reuter  -  274 words
    • 93 11 AFP NIPPON GAKKI, a major Japanese maker of musical instruments, says it will embark on copper alloy business in a tie-up with a US company. The Japanese company has concluded an agreement with Olin Corp, a leading US manufacturer of chemical products, to market
      AFP  -  93 words
    • 119 11 AFP INVESTMENT will rise substantially in the Japanese semiconductor industry this year, in spite of a levelling-off in world demand as a whole, electronics industry executives say in Tokyo. Plans call for spending of 900 billion yen, comparable with last year's figure which was up 80 per
      AFP  -  119 words
  • Page 11 Advertisements
    • 767 11 -If, English feed hearty and wheta Try the typical Eaglfah PUb CMpe, mtaas U tamtette Getttac to the real MeCqr, read nvaary t **T. 3=3 that's it If yov*re net, toy it Y««r haw away (n basy Orchard Bead. Well take yea dewa aad Deris Day whhe Gtattoat retage, hei
      767 words
    • 90 11 rrr 1 Savoury Delights Await You At M For reservations call. 235 2698 or 734 6622 ext 141/144 Lunch: 11am-3pm Dinner 6pm— 11pm CAIRMHtU HOTEL V^\ ORCHARD ROAD -tucxyttaia M Ample Free Parking 19 CainMi Circle and Valet Service Outside CBD M restaurant Serving a wide range of Chinese Hunan
      90 words

  • RAW MATERIALS
    • 436 12 Monitoring Malaysian government policies MALAYSIA needs an agricultural master plan to supplement the National Agricultural Plan (NAP). Two bank economists in making the suggestion said the master plan, similar to the Industrial Master Plan, could incorporate the salient features of the NAP. To facilitate
      436 words
    • 183 12 COMMODITY PRICES, excluding energy, are expected to rise by 9 per cent during 1985 from the year-end 1984 levels, according to Bank of America. In its quarterly report, prepared by its economics-policy research department, the bank said that although prices
      183 words
    • 86 12 A ONE-STEP, low-cost conversion of minerals to metals with no offensive pollutant by-prod-ucts has been developed by an Australian company. Dextec Metallurgical Pty Ltd developed the process over the last 10 years and the technology is now being tested on a pilot scale in several
      86 words
    • 297 12  -  By LOH HUI YIN SINGAPORE bought more than 110,000 tonnes of Malaysian rubber during the first half of last year, making it the second biggest customer after the US. But most of the 110,538 tonnes imported into Singapore were re-exported to consuming
      297 words
    • 197 12 SINGAPORE The market closed slightlyhigher yesterday with March One RSS buyers quoted at 163.25 cents per kg, up 0.25 cent from Tuesday. The morning session gained 0.25 cent on light buying in quiet trading after a slightly lower opening. Prices remained little changed in very quiet afternoon trading on
      197 words
    • 337 12 RAS prices (in S cents/kilo, FOB in boles) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt Int 1 RSS Mor 85 160 50 161 SON 160 50 161 50N 163 25 163 75 163 25 163 75 Int 1 RSS Apr 85 169 50 170
      337 words
    • 104 12 (cents/kg, 1-to n pollen) M<jrd 85 April 85 (current mth) (forward mth) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 166 50 168 50N 168 00 170 OON SSR 50 164 50 166 SON 166 00 168 OON MRELB Buyer* Sellers Buyers Sellers SMR CV *****
      104 words
    • 133 12 PRICES on the Malaysian crude palm oil market closed higher yesterday on covering interest prompted by Pakistan's RBD palm oil tender. Interest again centred on the March position. South region firmed Mss to $1,230 per tonne while central and north rose $2.50 to $1,227.50 and $1,225 respectively. The
      133 words
    • 152 12 SOYBEAN futures on the Chicago Board of Trade closed steady in very quiet conditions on Tuesday, with most traders watching currency fluctuations. Gains ranged from to four US cents per bushel, with near March settling at 564 s/ cents after trading in a 6 3 -cent range on the
      152 words
    • 164 12 WHEAT futures on the Chicago Board of Trade closed quietly steady on Tuesday, two to l /i US cent per bushel higher in response to firm precious metals and higher foreign currencies against the US dollar. Near March settled at 3.47'* cents, after trading in a 3V«-cent range. C
      164 words
    • 106 12 THE Kula Lumpur Tin Market price remained at the International Tin Agreement floor-level ef M&59.15 per kg yesterday on continuing lack ef demand. Dealers said the buffer stock manager again took meet ef the dispeeais, which increased to 124 tonnes from 87 tonnes on Tneeday and included 41
      106 words
    • 160 12 Yarn (In HK$ per bole of 400 lb) China corded yarn, cones Blue Phoenix 16's 2,650 Blue Phoenix 20's 2,800 Blue Phoenix 32's 3,350 Blue Phoenix 40's 3,700 Carded yarn, hank Blue Phoenix 21 's 2,800 Combed yarn, cones Blue Phoenix 32's 4,450 Blue Phoenix 40's 4,600 Open-end yarn
      160 words
    • 152 12 Chinese Produce Robusta 20/25% 477 50 Exchange FOB NSW (Sellers' noon closing prices on Fob Nutmeg 27. iVIOO kg) 110 FOB NSW 438 00 Coconut oil E W FOB NSW 281 00 Bulk FOB 155 00 Gombier OW drum FOB 168 00 FOB NSW 330.00 New drum FOB
      152 words
    • 277 12 Singapore A-1 speciol C-l special C-l Ordinary 177 (SS/kilo, ex-godown) unq unq Thoi white Loonzoin 100% 100% 1st class first grade (kangaroo) 100% second grade 225 new crop 096 100% third grade unq 100% 2nd class 100% 3rd class 0 70 065 Parboiled 5% 10% 227 222 25% new
      277 words
    • 796 12 COFFEE Robusta futures eased back from new contract highs on Tuesday set before midday on all positions apart from near March to end around session lows and £19 up to £11 down. May finished at £2,455, down £3, after a high at £2,483. Prices fell from the highs
      796 words
  • Page 12 Advertisements
    • 45 12 Tomorrow is the last Day. For you to book an ad in our July '85 phone book that lasts a whole year. Kindly call at: General Telephone Directory Co (S) Pte Ltd 585 North Bridge Road #07-01 Blanco Court Singapore 0718 Tel: *****80 yellow pages
      45 words

  • SHARE INFORMATION
    • 4256 13 BUYERS AGAIN dominated trading on the Singapore stock exchange yesterday and caused another widespread advance in share prices on markedly improved volumes. Buoyed by four consecutive sessions of advances, investors felt encouraged enough to begin jostling frantically with speculators and institutional buyers to
      4,256 words
    • 257 13 SINGAPORE Rises Indices Kentucky Spore 700 Metro Hldgi 390 Dwff D*» 490 Ay«f Hiton Tin 750 F E Levingston 310 FAN 540 ftotu Kowon 380 Gleneoly 220 Spore Fodder 180 Msm Aice 50« 237 To* Com SO< 550 Jwrong Eng 50« 200 See View 266 Falls 200
      257 words
    • 454 13 BUYERS were once again in control at the Kuala Lumpur stock market yesterday. Share prices finished higher across the board although there was some profit-taking in the afternoon session. Trading proceeded at an active pace with situational issues attracting investors' attention. Turnover soared to
      454 words
    • 4072 13 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      4,072 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 993 14 Technological aid from Avon of England FUNG KĔONG Rubber Manufactory is changing its traditional business image and taking on a new corporate identity. Its change is timely. Not only has Fung Keong found a listed parent in General Corp Bhd to give it the
      993 words
    • 722 14 Reuter REUTERS HOLDINGS PLC has agreed to acquire Rich Inc of Chicago, designer of communication systems for financial trading rooms, for 2.44 million Reuter American Depository Shares (ADS) and about US$2 million in cash. The agreement approved by the Reuter board placed the
      Reuter  -  722 words
    • 2688 14 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS A Choc (2.825) AISB (3.848) (1) 3 86 Alcom
      2,688 words
    • 338 14 Bernama UAC BHD has reported a 36 per cent drop in pre-tax profits to Ms 7 million for the half year ended Dec 31, 1984 from $11 million in the same period the previous year on a 22 per cent fall in group
      Bernama  -  338 words
    • 365 14 Bernama MOST of the unsecured creditors of Socoil Corp Bhd have approved the company's arrangement to settle its unsecured debts. The financially ailing palm oil refining company had proposed to honour 40 per cent of the M 558 million it owes some 470 unsecured creditors.
      Bernama  -  365 words
    • 102 14 HONGKONG Hang Seng Index Wednesday 1387.62 T uesdoy 1402.86 Week ago Closed TOKYO Tokyo Dow Jones Wednesday ***** 38* Tuesday *****.97 Week ogo *****.37 Australian Industrials Wednesday 1162.7 Tuesday ***** Week ago ***** NEW YORK Dow Jones Tuesday 1286 11 Monday 1277.50 Week ago 1280.59 Standard and Poors
      102 words
    • 229 14 Monogers' prices for Feb 28 Second B'putro 5 01 Third B'putro 4 04 Fourth B'putro 4 48 506 409 453 Singapore Unit Trust Fifth B'putro Sixth B'putro 2.95 Seventh B'putro IA) 1 86 3 12 300 The Commerce 2.26 2.40 The Sovmgs Fund 1.63 1.73 S'pore Pfog Fund
      229 words
    • 961 15  -  By CHEN QINGSHUN BANKS ARE on the whole unlikely to have done well in the 1984 fiscal year, according to projections by some stockbroking firms. Total net after-tax profits of the Big Four are expected to amount to only $440 million compared
      961 words
    • 469 15  -  By CHAN OI CHEE PAN-ELECTRIC Industries Ltd will get the $16.5 million cash required for the acquisition of the remaining 20 per cent stake in Orchard Hotel from bank borrowings and the group's internal funds. Announcing its purchase of the stake from Ambassador Hotel Ltd,
      469 words
    • 203 15 SHIPOWNERS and charterers Chuan Hup Marine Ltd has asked Singapore International Merchant Bankers to arrange a US$25 million revolving underwriting facility (RUF), making it the third company in Singapore to tap this cheap source of medium-term funds. The first was Keppel Shipyard, whose $100
      203 words
    • 1091 15 SHARE PRICES yesterday opened mixed with a slightly firmer bias gathering some support from the higher overnight close on Wall Street. At noon, the FT-30 index was up 3.1 points at 978.1 while the FT-SE 100 was down 1.8 at 1257.7. Dealers anticipated a quiet session with many
      1,091 words
    • 70 15 JACK Chia-MPH Ltd has acquired the other 50 per cent interest in J C Hudson Ltd, makg the UK-incor-porated company a wholly-owned subsidiary. The 50 shares of £1 each in JC Hudson was acquired from Jack Chia Enterprises (M) Bhd at a total cost of $148. HARIMAU Investments Ltd
      70 words
    • 29 15 KEMAYAN Oil Palm Bhd: Group pre-tax profits of M$4.86 million ($2 million) on turnover of $10.8 million ($6.23 million) for the six months ended Nov 30, 1984.
      29 words
    • 626 15 npj mm m By HOCK LOCK SIEW AMONG THE STOCKS that have outpaced others in the current market rally, at least three immediately spring to mind Kentucky Fried Chicken, Metro Holdings and Haw Par Brothers International. All three are in their own special situations,
      By HOCK LOCK SIEW  -  626 words
    • 574 15 SEMBAWANG SHIPYARD Ltd must have been hoping to minimise the impact of its dismal figures for last year when it chose to telex its results to the stock exchange after dark on Tuesday evening. But even in yesterday's firm market, the shares were marked down 8 cents as
      574 words
  • Page 14 Advertisements
    • 81 14 THE SUMITOMO BANK, LTD Singapore Branch U5540,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE FEBRUARY 29,1988 (Redeemable at par at end of fourth year at the option of Issuer In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the Interest Period
      81 words

  • Page 15 Advertisements
    • 130 15 %v THE TOKAI BANK, LIMITED SINGAPORE BRANCH U5520,000,000 Negotiable Floating Rate U.S. Dollar Certificates of Deposit Due August 30,1985 In accordance with the Provisions of the Certificates, notice is hereby given that for the Interest Period from February 28,1985 to August 30,1985 the Certificates will carry a rate of interest
      130 words
    • 15 15 7A The Takeover Game to v. i The Worlds No.l Newsmagazine Read TIME and understand.
      15 words

  • 468 16  -  Company anxious to win World Trade Centre management contract By LEE HAN SHIH AFTER two successful deals in China, Shangri-La International is fighting hard to plant its flag on one of the most prestigious hotel and office complexes in the heart of
    468 words
  • 789 16  -  By FOO CHOY PENG SINGAPORE will face greater pressure to graduate from developing to developed status as its economy continues to grow at the set rate of 5 to 7 per cent. This is one of the challenges the Republic will face in the next five years,
    789 words
  • 187 16 FOREIGN AFFAIRS: •To persuade Singapore's major trading partners in the West and Japan against graduating the Republic into developed country status prematurely. OTO work closely with other Asean countries for greater regional economic cooperation, security and stability. Institutional and personal links with these countries will
    187 words
  • 432 16 THE CHINESE business community yesterday threw its support behind the Emporium Holdings group and re-elected its managing director Lim Tow Yong to the vice-presidency of the Chinese chamber for another two-year term. Mr Lim managed to clinch 47 votes from the 50 council
    432 words
  • 197 16 AFP JAPANESE companies having technology and marketing links with US partners threaten to "colonise" the West European economy between now and the year 2000, a report by the French Ministry for Industrial Redeployment and Foreign Trade has warned. The report affirmed: "There is also
    AFP  -  197 words
  • 63 16 STOCK PRICES were mixed on Wall Street in early trading yesterday, with secondary issues hit by stepped up selling pressure. The Dow Jones Industrial Average, which rose nearly nine points on Tuesday, was off fractionally at over 1286. Overall, losers held a four-to-three lead over gainers. Volume
    63 words
  • LATE FILE
    • 46 16 AFP INDIRECT TRADE between China and Taiwan soared to a record high last year, thanks to Hongkong acting as a middleman. The volume of indirect Si noTaiwanese trade more than doubled from U*****.58 million in 1983 to a record $551.28 million last year.
      AFP  -  46 words
    • 45 16 AFP THREE foreign oil companies plan to abandon offshore oil exploration near Gujarat in Western India. The consortium, led by the US group Chevron and including Petrobas of Brazil and Hispanoil of Spain, had spent US$32 million on three unsuccessful wells. AFP
      AFP  -  45 words
    • 82 16 Bernama SHELL has picked Malaysia as a "front runner" to build the world's first plant to produce liquid transport fuels from natural gas, estimated to cost some US$7OO million which could be in production by the early *****. Shell International Petroleum Co Ltd director Keith Mackrell, who revealed
      Bernama  -  82 words
    • 52 16 Reuter A STRIKE by 5,000 clerks that paralysed cargo clearing at Bombay's port and airport for eight days was settled yesterday. The clerks and their employer, the Bombay Customs House Agents Association, had agreed on new wages for the clerks, who would return to normal duty
      Reuter  -  52 words
    • 58 16 Reuter A SRI LANKAN team will leave for Australia, tomorrow to discuss the possibility of resuming air services between the two countries. The group, including Defence Secretary Sepala Attygalle and Air Lanka chairman Rakkhita Wikramanayake, would have exploratory talks with Australian officials on allowing national carriers
      Reuter  -  58 words
    • 56 16 Reuter THAILAND set new export promotion guidelines under which government agencies and state enterprises will ask countries exporting to Thailand to reciprocate by buying Thai products. The counter-trade policy adopted by the cabinet last week will apply to all trading partners and will not be used
      Reuter  -  56 words
  • 266 16 A MAJOR local automotive oil seal manufacturer is investing $18 million in its factory to prepare itself for an expected upturn in the world car industry. Singapore Oilseal, a subsidiary of Nippon Oil Seal Industry, will use the additional investment over
    266 words
  • 498 16  -  By TERESA LIM Hongkong Correspondent FINANCIAL Secretary Sir John Bremridge predicted yesterday that Hongkong's fourth deficit budget should be its last. With its economy having grown a whopping 9.6 per cent last year in real terms, Hongkong is on course towards a
    498 words
  • 162 16 HONGKONG'S finance companies will not be allowed to accept deposits of less than HKSIM,Mf from March 1, next year. Financial Secretary Sir John Bremridge gave all registered Deposit-Taking Companies (DTC) a year's notice to doable their limit from $5«,M1. Any
    162 words
  • 223 16 AFP THE PHILIPPINES' industrial enclaves, set up in the 1970s to promote an export-led economy, have instead become a "massive showcase of dismal failure". The Business Day newspaper in Manila said yesterday that the country's three export processing zones (EPZs) had failed to attain all
    AFP  -  223 words
  • Page 16 Advertisements
    • 43 16 APPOINTMENT CAN YOU USE A GOOD MAN IN YOUR ORGANISATION? Chinese Singaporean, aged 35, seeks suitable challenging position in Marketing/Sales or Personnel/Office Administration. Very adaptable, works well under pressure. Would consider job that requires travel. Write 139 Joo Chiat Terrace (1542) Phocw *****02/*****62
      43 words
    • 199 16 Sole Distributor for VOLVO PENTA Products (Singapore Brunei) Our Product Range consist of: Customized diesel engines. Engines for construction and materials handling machinery, pump units, etc. Specially built for generating sets. Volvo engines for auxiliary and emergency sets. Complete power packs for irrigation etc. Marine diesel engines for all applications
      199 words
  • Page 16 Miscellaneous
    • 58 16 Outlook for today: Fair; showers in a few areas in the late afternoon and early evening. Report for 25 hours prior to 7.30pm on Feb 27 at the airport: Maximum temperature 33.0 Associated humidity 56 Minimum temperature 24.2 Associated humidity 87 Hours of sunshine 8.90 Rainfall in millimetres Nil Rainfall
      58 words

  • SHIPPING TIMES
    • 218 17 Reuter COUNTRIES will be urged to encourage a faster rate of scrapping of unwanted merchant ships when the world's leading shipbuilders meet in Hongkong on March 4, the International Maritime Industries Forum (IMIF) said. Jim Davis, chairman of IMIF, which is promoting the Hongkong
      Reuter  -  218 words
    • 354 17 A SWEDISH manufacturer of high quality boats is expanding into the Singapore and Malaysian market despite the general gloom in the marine industry. Storebro Bruks AB, through its local agent Galax Yachting Pte Ltd, is eyeing the offshore refining and tourism industries for its range of
      354 words
    • 681 17 IMnninn 1 ""W'y un® ri( Col Afea VI 3 Ahrenkiel Liner V 4 Alphatrans VI 4 Andeko Shpg VII 1 ANL 1 1 APC Line V 4 APL III 4 ASCL IH 1 Asiabroker V 5 Austasia Line V 1 Bait-Orient v» 4/5 Bangkok Cont VI 2
      681 words
    • PORTSIDES
      • 115 17 THE Soviet Union has embarked on a major plan to restructure its ports to improve efficiency and expand capacity. The capacity for dry cargo will increase by 30 to 40 per cent when the .project is completed within the next couple of years. And new construction and
        115 words
      • 88 17 Reuter THE Far Eastern Freight Conference andrelated conferences adjusted the currency adjustment factor (CAF) for the area from West Germany /Benelux to minus one per cent from three per cent previously. Taking into account the European area differential of minus 3.28 per cent, the final currency adjustment
        Reuter  -  88 words
    • 710 18 Reuter LIFE on the ocean waves could become a more attractive prospect for merchant seamen and cheaper for their employers through a new concept in marine superstructures designed by a French company. The two-tier system would improve the quality of life onboard by dividing
      Reuter  -  710 words
    • 228 18 BRITISH Shipbuilders is highlighting a new sales effort centred on a branded range of cargo carriers under the name King ships. These are selected designs of popular types of tonnage, developed with the owners's needs in mind in terms of overall characteristics, arrangement and equipment.
      228 words
    • 1486 18 ARGENTINA Buenos Aires Feb 12th. Slack with several free berths. Only 1 vessel loading grain at the elevator none waiting although 2 are expected. The bulk berth for loading pellets expellers is also vacant. Rosario 4 vessels in the roads with 1 grain loader alongside. Necochea 4 days.
      1,486 words
    • 1782 18 FAIRLY active coal chartering for dischargein Japan featured a rather subdued freight market on Tuesday with grainbusiness out of the US still very limited, shipbrokers said. Coal from the US Gulf to Japan received U5513.50 compared with $13 to $13.10 previously, while a vessel wasarranged from Hampton Roads
      1,782 words
    • 223 19 HYUNDAI Mipo Dockyard has won its first contract to re-engine a ship. The US$lO million steam-to-diesel conversion of the Mercator is expected to provide its owner, Compagnie Maritime Beige, with fuel savings of as much as 40 per cent. The Mercator will be fitted
      223 words
    • 340 19 Reuter FOREIGN-FLAG vessels with Japanese crews have resumed entering a risk avoidance area of the Gulf, a Japan Shipowners' Labour Relations Agency spokesman said. Voyages to the area by such vessels ceased after a Japanese crewman died in an attack on Feb 18 on a
      Reuter  -  340 words
    • 347 19 TMR/ITN THE Port of Oakland, a I key export port on the < United States west coast, is begining to see signs of huge cracks in the wall. Still a first class opera- tion, the situation could change if a trend that began
      TMR/ITN  -  347 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 Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line.
      193 words
    • 4854 24 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      4,854 words
    • 600 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival ♦or LCL movement Ship Voy date/time Operator cargo schedule Location Tanah Air TW Bridge Kii Maru L Athula K Kanevskiy Prasetia N Colombo Atrevida Jayakarta P Taft Tokio Exp Nipponica B Seroja Jenwel N Zircon
      600 words
    • 1831 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A-B %FEA African Shipping Agencies <Si Ifro-F.nraKla IJ»' Transgroup 'Si Ahrenkiel IJnrr Service Kim Shpg 'Si Alfred C Tocpfer O-eanus Shipping Aeon les iS» Marintex Enterprise iPK t \lpac Intrasea "Si Bintang Shpg iKI.i Island
      1,831 words
    • 372 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Johneverett 25/6 Everett alongside 28.2.85/2300 Myomaywa 19 Boustead alongside 28.2.85/1200 N B'lona 44 Ned-EAC alongside 28.2.85/0600 RA Emerson 15/6 Lee Marine alongside 28.2.85/1830 St Venture 20 SSPL alongside 28.2.85/1830 Sumiyoshi M 31/2 S'pore Shp alongside 28.2.85/0600 Vietxo
      372 words
  • Page 17 Advertisements
    • 523 17 ©HEUNG-A SHIPPING Korea Flag Vsls Regular Liner Semi-Container Service To: P. Kelanf/Penanj Busan/Inchon Fm: Busan/Moii S'pore Agent: Neptune Afencies Pte Ltd Tel: *****77 P.K. *****4, PH *****5 K.L. *****0 mm A NEW concept in marine superstructures designed by a French company ...II Japanese crews have resumed entering a risk avoidance
      523 words
    • 298 17 u UASC UNITED ARAB SHIPPING CO (SAG) SEALORD SHIPPING AGENCIES 70 Shenton Wa» 04-02 C Manna Hou»e Singapore 0207 Tel *****94 Tei P No RS ?S4>9 CFS office TPC 03-30 Tel *****31 and *****32 Terminal oflice TPC 03-29 Tel No *****90/*****93 MO.iiai.wmm ■•.■.waw.i; w; iisa NATIONAL LINE OF BAHRAIN, RAQ,
      298 words
    • 1030 17 -?!;=*=?::~>>\+/{[+:[}]'`*&%*}" n* MAERSK LINE XPORT TO USA. EUROPE. MIDDLE EAST. WEST AFRICA ASI 1 -i-' id t I'.A( II I« (ill 1 ATT AN I'M AS I (AN AI i.A INI AMU'( M.N I I L£XA IMfItSX PHI mrrr l l VI 4 11/4 4 11/4 4 25/4 4 2/5
      1,030 words

  • Page 18 Advertisements
    • 458 18 m Y.S. LINE YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Pacific South West Pacific North Wast Fsadar at Tokyo Mother VSL LA/LB OAK Fesder at Kobs Atlantic/Canada Faadar at Koba Mottwr VSL n raw Mother VSL U/LB OAM Mother VSL Sf AT VCR PLD Motto VSL N YORK SAV SKMN P ARROW
      458 words
    • 229 18 > •Supercarrier Service )t»d BARBER PRIAM BARBER WCIQK BARBER IMF BARBfR TOBA BARBER TAMP* BARBER DMA NEXT ARRIVALS BARBE R NARA 3/3 BARBER TOHSBERG 12,3 BARBER TEXAS 18/3. BARBER PERSEUS 27/3 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA TAho accept** contrs tar Houston (MLB) I. Beach. S Francnco
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  • Page 19 Advertisements
    • 958 19 The Straits Steamship Group STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Overseas Containers Limited contmoshf service t CONTAINERSHIP SERVICE TO UK/CONTINENT KASUGA MARU TQKIO EXPRESS CAKNGAM MY OSAKA BAY LlWUfOa BAY TOKYO BAY KITANO MAJtU THAMES MAMJ CITY OF EOMBURGH TOKO EXPRESS Also Accepting Cargo For: Rotterdam
      958 words
    • 573 19 Franco Belgian Services \f+r Idi, v*h be ,-vin fjr EatUm I. *nAi (MEMBER OF ACE CONSORTIUM' full contawer stmt to n»ort full cowwt«a> struct mow tuwft MAETERIMCX SfWN SEAS HDGt KOREAN JACEJM TRANSWORID BHDS CHMA COHTHCt STORE PttLANGleHar.e Adam F"St»we Ham 3 tlx 5 Mar ?S Mar 2t Mar ?l
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  • Page 20 Advertisements
    • 422 20 f Hapag-Lloyd EXPORTS TO CONTINENT/UK On carriage to Scandhavia, Med, Carribean &S. America Inland hatiage to inland destinations in Europe S pore PKetanf Penant Leiioes B*ao Genoa H'burj Rdam B'haven Antwerp BN 10UNUS 15/3 22/3 24/3 17/4 20/4 23/4 Tokio Eipress Tokio Eipress lokm Eipress Car<kt»n Bay Carduan Bay Osaka
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    • 303 20 M S LINE *XUN»: FULLY CONTAINERISED SERVICE ?b 3 78 3 ?l 4 77 4 94 114 16 4 18 4 73 4 ft 4 78-3 30 3 77 4 ft 4 114 13 4 18 4 70 4 ft 4 77 4 AETERtWCK SN 3 EVEN SEAS HMDGf 49N
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    • 507 20 THONG SOON AGENCIES PTE. LTD. #09-07. ROBIN A HOUSE. SPORE 0106 TEL: *****88. TELEX: RS ***** BOOKING: *****56 (DIRECT LINE) SINGAPORE TO PENANG JENSON KIM SOON LI DESTMATION Penang Penang SINGAPORE TO KUCHING •EQUATOR In Port •EQUATOR I* 3 Mar SINGAPORE TO SABAH PORT •BULDER M K Kinabalu K Kinabalu
      507 words
    • 1000 20 o EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/W.MED./FE) SGP HKG KSG KLG PUS OS* TYO KSN CMS NYC BAI )CG FIX ROM MM LHV N.C SGP EVER GIF HO J/3 9/3 11/3 12/3 15/3 17/3 IS/3 7/4 11/4 13/4 15/4 24/4 27/4 29/4 30/4 2/5 J/5 25/5 (VIII
      1,000 words
    • 278 20 US I NOSE > MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Sta(apore Loadmi tar 5/3 B Abbas. B. Kinsmen POST KELANG PENANG SWOSE MARITME PTE LTD TEL *****44/7 I *****70 MAiOSi MARITME SON BHD Tel *****2 3 MALAYSIA TRADE I TRANSPORT LTD Tel (7893 t
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  • Page 21 Advertisements
    • 770 21 V\v PACIFIC INTERNATIONAL LINES PIL Building, .140 Cecil Street, 03-00 Singapore 0106 Tel *****33 VESSEL KOTA SINGA KOTA PUSAKA KOTA WANGSA KOTA WUAYA KOTA SALAM VOYAGE E-551 E-553 E-55S E-557 E-559 EAST AFRICA/REDSEA SERVICES HONGKONG SINGAPORE LOADING FOR MUKALLA, HODEIDAH, JEDOAH, AQABA ADEN. HODEIDAH, JEDDAH, AOABA, PT SUDAN, MUKALLA HODEIDAH,
      770 words
    • 500 21 BENLINE CONTAINERS KkJJEBSEN LINE NEW ZEALAND S.M.S. PRIVATE LIMITED TELEX: ***** SMBPL PORT KELANG PENANG WEEKLY FULL CONTAINER SERVICE S'pore P. Kelang Penang HARVESTER VOY 09N In Port 4/3 5/3 HARVESTER VOY lON 7-10/3 11/3 12/3 HARVESTER VOY UN 14-17/3 18/3 19/3 HARVESTER VOY 12N 21/3 22/3 24/3 ALSO ACCEPTNMG
      500 words
    • 689 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINF Far East S'pore Service Ful Buian toAohamj Kobe Kaohunt HonjtonfS port If Pnok (M) GO** VI7 HB 24/2 27/2 21/2 1/3 S/3 1/3 1/3 WEST BOUND Spore Tdburv Amsterdam H bur{ Antwerp PAUMBANG 9-13/3 5/4 1/4 11/4 17/4 (SAMUHDA) Spare Bfcao lonian Bremen A dam
      689 words
    • 334 21 BOUSTEAD SHIPPING AGENCIES m BURMA FIVE STAR JBK SHIPPING COBPORATHM (Burmese National Line) Loadng for Rangoon Spore Myoma ywa VS6 In Pt/3 Mar Ht one ywa V2OO Phashwefyawywa V 251 10/12 Mar Pa-an VSI 20/23 Mar 5/6 Mar V* BANK LINE SEMI-CONTAINER SERVICE TO UK/CONT MEADOWBANK IVYBANK SPORE R'DAM HULL
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  • Page 22 Advertisements
    • 1296 22 ECUADOR/PERU/CHILE FEEDER VSI MOTHER VSI SCOW PKIG MONTE RUBY V 27 SEA EXPORTER VSSI6 6 Mar 7 Mir \*:,"K"line KAWASAKI KISEN KAISHA, LTD. PNG SPOKE NAGOYA GUAYAGUK CAUAO ARICA «WI AfAGASTA S WTOWO VALPARAISO 9 Mar 10 Mar 21 Mar 2b Apr 29 Apr 3 Ma» 4 Ma» t May
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    • 669 22 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE lOS MKjIIIS .AN »fcAHn ISIO SIMM IAtUMA .AN« 'HJVIk Bt A«. «*ytirii li I II I r HH.mi Singapore t An,**BHAVABMUII 1/2 M» AUSTRALIA EXPRESS CONTAINER SERVICE A i•l'hfu fd Ml I<'*il.tinrf\ P Ktlang S port RA.IDA: 4 5 M. b M.» VISHVA
      669 words
    • 374 22 SANKD ASIA FROM JAPANESE POUTS ANO HONGKONG Saifapare CF Sharp I Co Pit ltd Tot *****22 fort Attar* MMS Shop Sdn Bhd let 3U104 3U34S Pmar* MNAS Sharp S*i Bhd Id 367A55/367W toau survey for (i) SMKO SCORPIO «fl be Md on 2 315 NO FURTHER SURVEY MIL H WLO
      374 words
    • 550 22 INTRASEA (PTE) LTD 10 Road »2716 International P«a/a Singapore 0207 Tel *****1 1 flO L'^es 1 naAiiA-uvi o BREAKBItIK SERVICE TO EUROPE/UK SAN EDUMtDO *****02 Sparc P. KelamLead«| fer--6/3 11/3 ROTT/ANT/UK (AVON) SEAWOOD SHIPPING CORPORATION S pore P Kelang Loadnf far: bpore NORTHERN VALLEY Saied feddah/Monfafcene S«CKMrt MTRASU (fit) ITO
      550 words

  • Page 23 Advertisements
    • 766 23 nirnnu iiotim, j I 5 ,NOL NEPTUNE ORIENT LINES LTD TO EUROPE/UK (VIA SUEZ): Afco accepting cargo to/from Scandinavia MAETERLINCK S'pore Closing Times: FCL Cargo 0400 3/3 LCL Cargo 1600 2/3 ROM EUROPE (VIA SUEZ) TO AND FROM AUSTRALIA: Abo accrphnf cwjo to tr«n Binttok »nd E Malays* For (techarge
      766 words
    • 609 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN, INCHON No 9 Ddum/MIN No 7 Dona Mill No I Dmm/SOn No t Don*n No 7 owmi/M3N No Dorum SO2N Generil W««T GDN »/7C No 60N ttOlN Dale 1/3/15 Tim 0900 1 ZOO SPCHtI AUNTS NfPTUNf AGf
      609 words
    • 557 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUH.MNG 55, Market Street Sinfapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS 213*0 RS ***** RS ***** P KEIANC M/S SHARKAT NArt SOON SON. BHD IST ANO 2ND FLOOR. NO I. JAIAN CEMPEKRNG PORT KLANG. MALAYSIA
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    • 45 23 SIM SWEE JOO SHIPPING SDN BHD EXPRESS TO BIHTUIU P. KeUn( Penanf Loadnf tor SWEE LONG SAW Voy 71 In Nrt BintaAi, Mr RfiUAN JAY* Voy 44 4 Mar Hudi*. «nh*i. Wn Agents: JAMBATAN MERAH SDN. BHD. p. Kelang: *****6/7 K.L. *****7 *****1 Penang ***** >
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  • Page 24 Advertisements
    • 620 24 Regional Container Lines 3 Sailing* Weekly k«:L Reliable Regular Punctual Berthing P.S.A. Mon, Wed Sat REGULAR/FEEDER SERVICE TO PHUKET/SON6KLA VOY SIN SKI A BKK RATANA BHUM 320 321 Sailed Wt 28 Feb RAT AN* BHUM 322 265 2/3 Mjr RATANA BHUM 266 323 9/10 Mai 13/14 Mat HINODE KISEN CO.
      620 words
    • 29 24 s LTD FARGO SHIPPING COMPANY (PTE) EXPRESS CONTAINER SERVICE SINGAPORE BANGKOK 3 SAILINGS WEFKLY 7B Keppel Road 17-07 Taoiong Pagar Comple* Singapore 0208 Tel *****77 *****88 A 2221 152
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  • Page 24 Miscellaneous
    • 134 24 m Regional Weather s asu £s Si i* as s2 y S»r rT* Is SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING* LEGEND: R Thunderstorm »"<« R*ln Wave hei*ht C cV M Wind direction with speed in knots R*u» Wave height Cloudy Sky Surface winds are Indicated fcy
      134 words

  • Page 25 Advertisements
    • 105 25 m r- MSC AGENCES K. LUMPUR P. KELANG PENANG P. GUDANG 1. BAHARU LEOSHF SPOKE *****8/*****6/*****8/*****3 *****1/4 TERMMAL *****1/2 *****/*****/*****/***** *****3/*****5/*****1/*****0 *****8/*****8/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE mmM rcw try JESESI if hm tniM nr— m.-um et—■Eaggi EH EZZ3B EB BHi EIH BB* BOH EQB rpf— ftjm nnrrrrM him bti
      105 words
    • 179 25 —LICOIINF, 'IS*!.!.'.,' M V HAUSSMANN V3LSS M/V ANJOU V4LSS M/V ARMAGNAC HALDIA (CALCUTTA) Scan Dutch 9 To Europe (Med/UK/NC/Scan) To Red Sea/Mediterranean From Europe MOTHER VESSEL From Red Sea/Med. MOTHER VESSEL Also Accepting From: (I) Borcelona, Genoa, Bilbao, Leghorn Valencia (2) Amsterdam, Antwerp, LeHavre, Basle Southampton. Liverpool, London (Tilbury), Conory
      179 words

  • Page 26 Advertisements
    • 178 26 WORLD LINE SERVICE JAPAN/HONGKONG/STRAITS VI SSI IS CATTLETA GOIOtN IAM TdOPICAI V(NUS SPORf *1 66 In fort m. 130 M* 6 8 Wl 33 Mar 11/21 U *SC rnseh berth S*i(apore at PfN GOM 303 CB7 Singapore On Ap-nt NTPOK EXPRESS (S) PTE LTD World Tilde Centre 1 Maritime Square
      178 words
    • 338 26 w MitsuiOSK Lines Ltd CONVENTIONAL/SEMI-CONTAINER HEROINAE 11 Mar Mombasa. Daressalaam. Beira, Tamatave ALTAI MARU 19 Mar Mombasa. Daressalaam GLORIA PEAK 25 Mar Port Louis. Reunion NEDLLOYD MANILA 4 Mar Apapa, Monrovia. Abidjan, Lome. Douala, Tema EARNEST VENTURE 8 Apr Monrovia, Abidjan. Lome. Apapa. Douala. Tema Also Accepting Contrs to NOUAKCHOTT
      338 words
    • 158 26 NOTICE OFFICIAL NOTICE PROPOSAL TO CHANGE OF SUP'S NAME We, Trademar Pte Ltd of 19, Keppel Road #07-05/07 Jit Poh Bldg Singapore 0208, hereby give notice that in consequence of our client's intended change of name of the motor vessei "Arabella" we have applied to the Registrar of Singapore Ships,
      158 words