The Business Times, 4 April 1985
1985-04-04
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The Business Times
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Title Section12 1985-04-04 1 BUSINESS TIMES M.C. (P) No. 99/1/85 THURSDAY, APRIL 4, 1985 60 CENTS12 words
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Article565 1985-04-04 1 ALVIN TAY; AMY BALAN - Small foreign banks taking action to comply with new 30pc limit By ALVIN TAY AMY BALAN SOME LOWLY-capitalised foreign banks here are discreetly approaching the big banks to take over a part of their existing loans as the deadline draws nearer for them to565 words
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238 1985-04-04 1 ABOUT $45 million 1m premiums die to insurers were (Hid to be in the hands of agents and brokers towards the end sf IMS. This "disconcerting" discovery has prompted the General Insurance Association of Singapore (GIAS) to propose a scheme to regulate premium238 words
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Article513 1985-04-04 1 CHUANG PECK MING - By CHUANG PECK MING JARDINE Matheson Holdings is making plans to move its regional office from Singapore to Hongkong. At the same time, the former Hongkong-based trading giant looks set to trim its Singapore operations, following heavy losses by the group last year. A highly-placed513 words
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332 1985-04-04 1 A $10,000 COVERAGE for as little as $1 a year in premium could be offered to union members under a group insurance scheme being considered by the National Trades Union Congress. The insurance scheme, which is in line with the strategy to332 words
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Article, Illustration84 1985-04-04 1 THE Singapore stock market closed mixed yesterday after late afternoon buying pared Brokers say that the buying came from US funds, which consider stocks at the current level to he attractive enough for long-term buying. Bank closed easier while plantations were steady. lie BT Composite lain flaished the84 words
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516 1985-04-04 1 CHANCES of the government removing the Skills Development Fund levy are very slim, but a lower corporate and personal tax might be possible next year. Finance Minister Dr Tony Tan said he was "extremely reluctant" to reduce the SDF levy516 words
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499 1985-04-04 1 QUEK SWEE PENG - By QUEK SWEE PENG THE LOW-COST factoring scheme, introduced by the Economic Development Board a year ago, has been a resounding success more than 40 companies mainly from the metal product sector have been granted loans of about $11 million. Factoring, offered through499 words
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Page 1 Advertisements
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Advertisement119 1985-04-04 1 TopsinCarAucSo technology FUJITSU TEN LIMITED AMATEUR PHOTO STORES LTD. Singapore: Phone *****22 Kuala Lumpur: Phone *****3/*****0 •nana: Phone *****/***** Jakarta: Phone *****9 Fitter You (I A special frweek pack fitness culture designed to men and women taclde fitness head-on. To get you off to a good, safe start we offer119 words
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Advertisement266 1985-04-04 1 New NTUC president, Back Page SHARE INFORMATION 1J DOONESBURY MONEY EXCHANGES < OUR VIEW MASSIVE profits con sometimes be mode from operating commercial broadcasting stations. This is one good reason for SBC to be privatised. The more urgent reason is that it would soon face strong competition from Malaysia's TV266 words
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Advertisement12 1985-04-04 1 FuM report, Pago 13 Asian stocks, Pago 11 Intt stocks, Pag* 1012 words
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Advertisement221 1985-04-04 1 =+<&.:=`~'@-}`']$")%$_.*.%\~%)? We play games in the City. There's one place in the city that plays a different game. Winston's the one-stop sports shop at Ocean Buikjing. There's nobody you can trust better than an old sports pro. And there's none as professional as we are retailing sports goods for more221 words
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HOME NEWS
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494 1985-04-04 2 LOH HUI YIN - Petrol companies to take cue from market leader By LOH HUI YIN: AN END to the petrol gift war could come soon with market leader, Shell, saying that it is prepared to stop the practice if its competitors follow suit. "We are prepared to494 words
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Article258 1985-04-04 2 A PERMANENT showroom for Australian furniture will open soon in Orchard Road. On the fourth floor of Delfi Orchard, Beautiful Homes of Australia will be the first retail centre for Australian furniture in Singapore. Previously, Australian furniture was available only in larger furniture exhibitions held twice each258 words
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263 1985-04-04 2 ARCHITECTS and other associations in the building industry may be housed under one roof soon. The Singapore Institute of Architects (SIA) plans to move its headquarters to the old Tao Nan School at Armenian Street. Mr Chia Kok Leong, SlA's honorary secretary,263 words
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434 1985-04-04 2 SHAHRIR ARIFF - By SHAHRIR ARIFF TRANSITIONAL PROBLEMS faced by local industries will receive special attention from the Economic Development Plan Review Committee which will be formed in a week or two. Brigadier General Lee Hsien Loong, Minister of State (Defence and Trade and Industry), who434 words
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Article151 1985-04-04 2 A LOCAL exhibition and conference organiser has been appointed a representative of Nowea, the Dusseldorf Trade Fair Corporation Ltd. Under the contract, Conference and Exhibition Secretariat (CES), will promote shows organised by Nowea in Dusseldorf. The Nowea contract covers only Singapore. But the company, which was151 words
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351 1985-04-04 2 DIE CASTING and tool and die industries in Singapore are getting more government support to upgrade operations. The Singapore Institute of Standards and Industrial Research (Sisir) will bring in specialists from leading overseas organisations to conduct training workshops and "in-plant consultancy" in specialised351 words
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Article231 1985-04-04 2 THE Hongkong Soya Bean Products Company has set up a wholly-owned subsidiary in Singapore to market its Vita brand soya milk drink. Vitasoy Distributors Singapore will also be responsible for promoting the drink in South-east Asia. Mr Robert Chwee, general manager of Vitasoy, described the231 words
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Article, Illustration347 1985-04-04 2 AN AUSTRALIAN Defence Department Team arrived yesterday to "expose" the Australian anti-missile decoy, named Winnin, to military and industrial interests in Singapore. The Winnin rocket system has been sponsored by the Australian Navy since research and development began more than 10 years347 words
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Page 2 Advertisements
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Advertisement436 1985-04-04 2 He's certainly quick on the draw. Simply because this superhuman J J is no human at all. S 1 I Call him a CADD I I /OK For that's what he is... Computer I I Aided Design and Draughting. This amazing masterpiece of a E—• v computer is Diethelm's latest436 words
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OVERSEAS
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Article, Illustration374 1985-04-04 3 AFP POLICE in Taiwan said that the back exit of the hotel gutted by fire on Monday, killing 25 people, had been locked with chains and that the windows were bolted with iron bars. PKains on the doors and iron bars on windows designed to keepAFP - 374 words
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204 1985-04-04 3 UPI CHINA will seek some Western legal advice on how to curb cap-italist-style crimes arising from its transition to a market economy. The China Daily newspaper said the dismantling of the country's Soviet-inspired central planning system in favour of what BeijingUPI - 204 words
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438 1985-04-04 3 AFP NIGERIA'S military government has officially requested the extradition of three of the country's former civilian ministers accused of corruption, who are believed to be residing in Europe and the Americas. Nigerian Justice Minister and Federal Attorney-General Chike Ofodile said yesterday that the former ministers,AFP - 438 words
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Article191 1985-04-04 3 AFP THE CONSERVATIVE head of New Caledonia's assembly has proposed that when a referendum is held on the Pacific territory's future, his autonomy plan be placed on the ballot along with the socialist government's independence-with-France plan. It was the first time the official, Dick Ukeiwe, formallyAFP - 191 words
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192 1985-04-04 3 Reuter INDIA has identified 20 industries causing high levels of pollution and ordered special environmental checks. Chemicals and Fertilisers Minister Veerendra Patil told Parliament in New Delhi yesterday that such industries had been asked to install appropriate equipment to prevent and control pollution. TheReuter - 192 words
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201 1985-04-04 3 Reuter CHINESE Foreign Minister Wu Xueqian will attend the Bandung Conference anniversary celebrations in Indonesia later this month, the Chinese Foreign Ministry said yesterday. Indonesia had invited Mr Wu to the meeting on April 24 and 25, which will mark the 30th anniversary ofReuter - 201 words
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441 1985-04-04 4 Call for measures to gain new markets for US goods AP PRESSURE by the US Congress on Japan to drop trade barriers intensified on Tuesday as the House of Representatives urged President Ronald Reagan to take "all appropriate action" to gain new marketsAP - 441 words
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Article86 1985-04-04 4 AP FOREIGN Minister Shintaro Abe of Japan will visit Washington from April 13-14 for discussions with Secretary of State George Shultz on economic and security issues. US State Department spokesman Bernard Kalb said the meeting was part of a follow-up > to a JanuaryAP - 86 words
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Article473 1985-04-04 4 AP JAPAN'S Foreign Ministry yesterday issued a sharply worded statement condemning trade legislation approved by a US Senate committee as "discrimination" against Japan and a threat to free trade. The statement referred to the 12-4 vote on Tuesday by the Senate Finance Committee approving a billAP - 473 words
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266 1985-04-04 4 UPI PRESIDENT Reagan has nominated Clayton Yeutter, president of the Chicago Mercantile Exchange, as US Trade Representative to help reverse the worst US trade deficit in history. Yeutter, 54, who would replace William Brock, served as Deputy Special Trade Representative from 1975 to 1977UPI - 266 words
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Article145 1985-04-04 4 AP THE MALAYSIAN government is studying a plan to drop the current pension system (or government workers and replace it with a fund used in the private sector, officials said yesterday. But Finance Minister Daim Zainuddin also said the government would guarantee that the country'sAP - 145 words
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Article130 1985-04-04 4 Reuter THE THAI Cabinet has endorsed part of a tax package to help narrow a 51 billion baht budget deficit for the year ending Sep 30, a government spokesman said. Details of the new taxes will be released when they have been signed into law, heReuter - 130 words
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273 1985-04-04 4 AFP A FIVE-POINT Vietnamese proposal to end Cambodia's six-year guerilla war is getting new and serious consideration from the Association of South-east Asian Nations which earlier rejected it, a top Soviet official said in Bangkok. "I have the impression that at least 70 perAFP - 273 words
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Article, Illustration472 1985-04-04 4 Reuter AFP US SECRETARY of State George Shultz said members of the Association of South-east Asian Nations should examine protectionism in their trade policies. Shultz was welcoming Asean officials to the sixth Asean-US dialogue on economic relations on Tuesday at the State Department.Reuter; AFP - 472 words
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Article653 1985-04-04 4 ARRIVALS Operator Service number Local time From LUFT LH688 0115 FRA/DXB RBA BI443 0100 BWN PAA PAS 0155 JFK/SFO/ HKG MAS MH601 0720 KUL MAS MH681 0820 KUL MAS MH603 0905 KUL MAS MH671 0935 KUL MAS MH8II 0940 PEN RBA BI421 1000 BWN SIA SO 103653 words
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Page 3 Advertisements
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Advertisement288 1985-04-04 3 Since 1979 56,300 businessmen have made the right choice I Track records speak for themselves. Since 1979, Singapore Exhibition Services have attracted ***** trade and business visitors to their computer-related shows in Singapore. 1985's big attraction will be Computer Asia from 14-17 August 1985. Incorporating the highly successful PerCompAsia, Computer288 words
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Advertisement76 1985-04-04 3 The Szechuan Experience with the Meisan Difference 4 ik JZL M s -A *r. «< Savour the finest Szechuan cuisine; aromatic, spicy gourmet creations in an exciting blend of flavours. And discover the exquisite art a l^T of true enjoyment. gg IVlrlaAll At the Meisan. f/fl SZECHUAN RESTAURANT Distinctively Szechuan,76 words
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Page 3 Miscellaneous
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Miscellaneous53 1985-04-04 3 Doonesbury SOAbRJBUSJ- AF£WKJMN6? NESS HAS BEEN UNLIKE OUR FARM GOOD TO you, Bet J COUSINS, EH. 2BKB* CALIFORNIAFARM--1 ERS HAVE BEEN makjNoutukb BANPr&.\^A M m a is sw BY GARRY TRUDEAU nmw •Jll'Ziu'HMZ* m m m i m m. s. KM I i i i K Va a UH-HUH. OF53 words
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Page 4 Advertisements
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Advertisement252 1985-04-04 4 If You Wish To Cut Down Your Computer Software Development Effort By 10 Times, Read on! tl he key to successful I computerisation is for programming to be done quickly ancl to get people who are using to participate in the development. POWERHOUSE, the most widely used fourth generation language252 words
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Advertisement28 1985-04-04 4 I^W AM Pan Am Is l iving From Singapore lo Hong Kong Tokvo, I Angeles. Honolulu San I raneiseo \ru N i. >i For Updated Information, Call *****1128 words
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WORLD BACKGROUND
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Article, Illustration681 1985-04-04 5 The screen is rapidly replacing the gun sight TECHNOLOGY knows no bounds. Pilotless drones, computer piecharts and radar screens are becoming familiar in the US army. Japan is fighting a different battle against limited living space and are considering building a city on the sea.Reuter - 681 words
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Article508 1985-04-04 5 AFP A MILLION JAPANESE will be living in a futuristic city built on the sea in the year 2000 if the project, costing US$l2O billion, can obtain the necessary finance. The city is the brainchild of Kiyohide Terai, a 57-year-old engineer, who in JanuaryAFP - 508 words
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356 1985-04-04 5 Reuter DENMARK faced the possibility of an Easter holiday without beer or television as tens of thousands of workers continued unofficial strikes in defiance of government orders to return to work. The national television service was blacked out on Tuesday forReuter - 356 words
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Page 5 Advertisements
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Advertisement171 1985-04-04 5 Rank hath its privileges, Anonymous The most comfortable chair in the house. The newspaper, fresh and uncrumpled, before anyone else. Speaking without interruption. Occasionally being wrong, without anyone drawing attention to the fact. Repeating the same joke, and still having it laughed at anyway. Not having to check your bills,171 words
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MONEY AND EXCHANGE
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406 1985-04-04 6 PENG AILIAN - No more complaints from members By PENG AILIAN PRICE UNDERCUTTING has stopped among members of the Singapore International Monetary Exchange (Simex) after last month's meeting to prevent a rate war among brokers. Simex has not received any more complaints from its406 words
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385 1985-04-04 6 Reuter CURRENCY TRADING began a new phase in mid-March, and the troubles of US savings and loans institutions in Ohio gave rise to reassessment of the dollar's strength, Deutsche Bank Ag management board joint spokesman Wilfred Guth said at the bank's annualReuter - 385 words
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149 1985-04-04 6 Reuter SECURITY Pacific Credit (Hongkong) Ltd, a unit of Security Pacific Corp, plans to issue HKJ2OO million of floating rate certificates of deposit (FRCDs), lead manager manufacturers Hanover Asia Ltd said. The three-year FRCDs, which can be extended for one more year at theReuter - 149 words
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106 1985-04-04 6 Reuter THE Institute of International Finance said commercial banks believe their share of loans to developing countries should be reduced and that countries and multilateral lending agencies should increase their stake. In a letter to the International Monetary Fund's policy-making interim committee, theReuter - 106 words
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413 1985-04-04 6 Reuter ESM Government Securities Inc had been reporting to the Federal Reserve Bank of New York on a monthly basis for about eight months before its collapse in March, said Gerald Corrigan, the president of the New York Fed. In response toReuter - 413 words
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Article1059 1985-04-04 6 SINGAPORE The US dollar closed higher yesterday against major European currencies but slightly weaker against the yen in thin and nervous late trading. It closed higher at 3.1020/50 marks compared with New York's 3.0940/70 close, but below its high of 3.1140 and at 2.6270/6300 Swiss francs compared with1,059 words
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Article219 1985-04-04 6 Interbank rates at 3pm yesterday: Local dollars to on* umt of foreign quoted yt c raae parity CM"*. US dolor ***** 2.2220 ***** -21 27 Sterling pound 2.7183 2.7230 ***** -63.00 Australian dollar 1 4652 1.4731 3 4286 -57.27 NZ dolor 1.0267 1.0321 ***** -70 05 Canadian dolor219 words
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Article84 1985-04-04 6 THE Monetary Authority of Singapore has invited banks and discount houses to tender for $150 million of 91-day Treasury bills to be issued at the option of the tenderer from April 8 to April 12. Tenders must be made on the printed forms which are obtainable from the84 words
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Article70 1985-04-04 6 THE OVERNIGHT rate on the Singapore interbank money market rose by two points from Tuesday to close at 53/4 per cent yesterday. The one and two-month term rates remained unchanged, while the threemonth rate rose by 1/16point. S$ Interbank rates at 3pm yesterday: Offer fed r»ght 5 3/470 words
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Article, Illustration296 1985-04-04 6 Asian market ASIAN dollar deposit rates closed steady at opening levels in quiet afternoon trading yesterday. Short-dates weakened between 1/16 and V» -point initially due to softer US federal funds and rates stayed at these levels with overnight and week-fixed closing at 8V« 8% per cent each. Periods were little296 words
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Article290 1985-04-04 6 BA Futures ALTHOUGH CME closed on a firm note on Tuesday night, Sim ex EaraMlar futures failed to follow through yesterday. June contract opened at CME's close of 90.17 but found heavy resistance at 90.20. The contract finally settled at 90.16 as interbank rates firmed in the afternoon. JuneBA Futures - 290 words
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Article147 1985-04-04 6 HONGKONG: The metal closed slightly lower in fairly active trading yesterday, reflecting the US dollar's late advance. It closed at U*****.80/321.30 an ounce, compared with New York's $321.75/322.25 and the previous $314.50/315.50 finish here. Local gold rose HKJS3 to close at $2,961 a tahil. Krugerrand added $40 to $2,580.147 words
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Page 6 Advertisements
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Advertisement69 1985-04-04 6 HflTo.«>pfUKi\iy Executive Set lunch Dafly $1290++ 3-course lunch prepared in the finest Continental style. The ideal place for a quiet business lunch right in the heart of Orchard Road. 7 imm will Orchard/Somerset Road, Singapore 0923. Tel: *****66. v A different menu for every day of the month except Sundays,69 words
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Advertisement13 1985-04-04 6 —IMELWAIMI—boutiques hommes 227 Orchard Road #01-26/27 Speciaiist s Centre Singapore 0923 Tel *****5413 words
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BANKINGA ADN FINANCE
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381 1985-04-04 7 Reuter PRESSURE from borrowers have forced Swiss issuing syndicates to cut coupons on Japanese Swiss-franc convertibles to record-low levels. Strong demand for Japanese convertibles had prepared the ground for the coupon cuts, but pressure from borrowers, who pointed to falling interest ratesReuter - 381 words
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Article116 1985-04-04 7 Reuter VENEZUELA expects its debt rescheduling team to begin a "road show" to meet the country's creditor banks within the next few weeks and an agreement to be signed by summer. Venezuelan central bank president Benito Losada did not say what progress has been made onReuter - 116 words
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688 1985-04-04 7 Bernama THE PRESENT high concentration of loans to the property development sector is unlikely to be reversed in the near term in spite of the Malaysian central bank's growing concern over the lending bias. Some merchant bankers indicated this whenBernama - 688 words
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Article, Illustration1161 1985-04-04 7 ZHOU MEI - By ZHOU MEI Economics Correspondent THERE is room yet for more in "over-banked" Singapore provided, that is, the bank specialises. "The key to Singapore's future is specialisation," says Mr Claes von Post, the out-going managing director of Skandinaviska Enskilda Banken (SEA). Just as1,161 words
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Page 7 Advertisements
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Advertisement344 1985-04-04 7 Introducing The Definitive Ffersonal Credit Instrument. V &.Wi 1 I v■V v M <K' i Ak it**? Hi r f ffV* y m 96 fc* .E *>•; /<? K Hi k X'i ft. f f, j f :H .v I m m Kg I &4&.V f *> V*s M rni344 words
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FEATURES
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Article499 1985-04-04 8 ONE OF THE world's most successful media owners, the late Lord Thomson, once described the operation of a British commercial television station as "A licence to print money." The Canadian billionaire, who once owned The Times of London, knew what he was talking about. So499 words
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Article, Illustration1989 1985-04-04 8 US land of free trade? Asian journalists quiz America's Commerce Under-secretary on protectionism If America were to close its doors on free trade and retreat into economic isolationism, the effect on the world economy would be horrendous. With President Ronald Reagan determined to keep that door open, such drastic action1,989 words
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184 1985-04-04 8 B J Fernandes - Letters to the Editor B J Fernandes Dear Sir, Your "neither-here-nor-there" editorial on the new taxi fares in Tuesday's Business Times missed the point completely. What we saw on April 1 was a silent island-wide boycott by commuters. Not an over-reaction as you have184 words
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139 1985-04-04 8 Ang Poh Inn - Ang Poh Inn Public Relations Officer Ministry of Labour Dear Sir, I wish to refer to the Business Times article by Mr Chuang Peck Ming headed "Where are all the members?" published on April 1, 1985. Paragraph 18 of the article reported that "the Acting139 words
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Page 8 Advertisements
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Advertisement90 1985-04-04 8 Managers must manage. BT shows you how... every Monday Jjd'.forthe extratouch® at the heart of the city at fCAMPACffr 6th Floor, UIC Building, Shenton Way. tMjjt 0 n, > A 4 private tatami rooms, each cheerily cosy tastefully furnished. M Kampachi's very own 'Happy Hours' from 6pm to 8 pm90 words
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Page 8 Miscellaneous
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Miscellaneous907 1985-04-04 8 to acu> Bums 2.30 PM SBC Text "Live" Sample Paces 3.00 Opening and Propamine rtghfights folowed by The Wid Bunch (Mandarin) 4.30 Tarzan Mask of Rona (r) 5.15 Andy Robson Treasure Trove 5.40 The Fight Against Hunger More Wheat and Storage Protection (Malay) 6.10 Programme Kghfights 6.15 News (English) 6.25907 words
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SPORTS
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Article, Illustration570 1985-04-04 9 WALTON MORAIS - Local pros hope to train on club's links for Dunhill Cup By WALTON MORAIS THE SINGAPORE Professional Golf Association, preparing for its biggest challenge yet the Dunhill Cup is looking to train on a local-bourse which can simulate the Hongkong venue where the Pacific qualifying round570 words
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Article, Illustration713 1985-04-04 9 Reuter JACK DEMPSEY and Joe Louis, generally acknowledged as the greatest heavyweight champions in ring history, were named on Tuesday in New York as the first inductees into a newly established but as yet unbuilt international boxing Hall of Fame.Reuter - 713 words
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340 1985-04-04 9 Reuter HENRIK SUNDSTROM, the defending champion, and Mats Wilander, winner in 1963, took contrasting paths into the last 16 of the Monte Carlo Open tennis tournament on Tuesday. Sundstrom, nursing his way back from injury, found it unexpectedly hard on a greyReuter - 340 words
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Article173 1985-04-04 9 Reuter PARIS gave notice on Tuesday it would press its claim to stage the 1992 Olympic Games as much by the glory of the setting as the quality of its facilities. Alain Danet, president of the executive committee planning the French capital's Olympic application, told reportersReuter - 173 words
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Page 9 Advertisements
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Advertisement476 1985-04-04 9 HONG FOK CORPORATION LIMITED (Incorporated m Singapore) ANNOUNCEMENT The Directors of Hong Fok Corporation Limited are pleased to make the foflowmg announcement I. AUDITEO RESULTS FOR THE YEAR ENDED 31 ST DECEMBER 1984 Percentage Decrease) Transfers from/(to) deferred taxation account 100 (1.042) The Group has adopted deferred tax accounting with476 words
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Page 9 Miscellaneous
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Miscellaneous658 1985-04-04 9 CRYPTIC PUZZLE ACROSS 1 Four-legged fellows (6) 7 I repeat it used to be extra (4, 4) 8 Hot stuff from down under (4) 10 One playing two-leg matches? (6) 11 Too young even to be teeny? (6) 14 Hard as concrete (3) 16 Headless animal that can still stand!658 words
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INTERNATIONAL STOCKS
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552 1985-04-04 10 NYT CBS said it had rebuffed an overture by Ivan F Boesky, a New York investor, to sell the company his 8.7 per cent CBS stake and had refused his request for a meeting with management. The announcement on TuesdayNYT - 552 words
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314 1985-04-04 10 Reuter WALL STREET share prices closed lower in active trading on Tuesday, but analysts were at a loss to explain a sharp drop in the final hour. The Dow Jones Industrial Average fell by 7.07 points to close at 1,265.68. Losers led gainers byReuter - 314 words
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Article137 1985-04-04 10 An 02 C$ Imp Oi 52 •tt loco 18* 54* inch fcrtf Prov Pp« 36* H Abrt*x Int Uts 23ft Alcon 35* K «rr Add 16ft H 23* 17 Argo«n HkJgs 19* 2ft 25* Mc Bkxtt 25* Bonk Novo Scotia 16* tt EM Canada 39* 70ft BP Con Ltd137 words
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Article201 1985-04-04 10 AM 02 Band Urasac 480 1350 -5 N40USTVIALS MININGS A Alpha 720 145 unch 4-5 2550 50 AE And a 7408 ***** Amaprop 325 -5 Rmon 1650 50 AAMC 2325 1035 45 -10 Butt #4$ 8150 440 +100 Com Gold ***** CNA 240 1050 -25 +10 1012 15 *****201 words
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Article698 1985-04-04 10 AT« 02 US* Alcon AJumn Alcoa Albany Lud ABad Cham Cp ABad Storm AhOntnn Am Bran* he 25* 27* 37* 55* 7* 69 105* ■1* Ant Can Co Am Cyananid Am Etoc Pw Am Expraw Am Horn* Prod Am Motor* Cp Am Naturd Go* Am Tri 1 Til698 words
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Article883 1985-04-04 10 Amsterdam AM 02 Fl» ABN Atgon Ahold Akio AM£V 404 00 ireh 182 50 -1 211.70 -0 3 ***** +0.5 215 50 5.5 Amta* Amro Bank Baikal Boh 7390 +0.4 5570 +0.9 111.50 +1.3 340.00 -1 Botkofci Bur Tat Cotand Catva 9100 +3.5 3390 -0.1 466 00 +6883 words
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Page 10 Advertisements
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Advertisement159 1985-04-04 10 k ft io wise, dlae aafi if Ou&sa/ Htfitl *■■>" 0 Le Gourmet Joyous Easter! Sumptuous 6-course set dinner on Sat, April 6, 7pm to 11pm. Price: $40 per person inclusive of a complimentary glass of wine and a chocolate Easter bunny For table reservations, please call 734-7766 ext 126.159 words
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Advertisement86 1985-04-04 10 SSSBSr fr(Mn tne r s« <s"Tw»«w Kjiy««> tt I HOTEL ASIA Many happy returns S 37 Scotts Road. Singapore 0922 Tel *****88 Te»e* RS ***** HOTAS4A I DEiXIOUSLY NONYA At The """jE E£&£| coffee house We re-create epicurean delights from the Nonyas of Malacca just for you. Come and be86 words
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Advertisement63 1985-04-04 10 0 Garden Time: 12 noon 2.30 pm Price: $12.0CT" Fashion Show: 1.15 pm ModBtet,y Modeling Agency Clothes by: TopTVend PRESIDENT MERLIN HOTEL SINGAPORE 181. Kitchener Road, Singapore 0620 Tel: *****22 f Daily new Businessmen's Lunch at only $12.50 Today: Cream Andalouse Roast Loin of Lamb Fresh Vegetables Croquette Potatoes Mango63 words
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Advertisement83 1985-04-04 10 Tt^TFTF ORIENTAL CUISINE For a Wealth of Exotic, Oriental Delights! Whether it's our mouth-watering steamboat prepared from the freshest ingredients in a rich, savoury stock or the spiciest, tangiest Szechuan dishes expertly prepared by our experienced chefs, Tien Court promises an unforgettable culinary experience to tease the most discerning palates.83 words
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Advertisement161 1985-04-04 10 London stocks, P*9* 15 m V* N J H Lounge Enjoy the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with the versatile quartet. Body N Soul from the Philippines. They'll captivate you! Happy Houn: Spa 7pm. 2 5% off all161 words
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ASIAN STOCKS
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Article293 1985-04-04 11 HONGKONG: Share prices closed higher yesterday across a broad front in active trading. The Hang Seng Index rose 19.99 to 1,450.35. Volume was HK$3lO.Ol million for the half-day session compared with $324.32 million in Tuesday's full-day. China Light and HK Gas rose 30 cents to $15.30 and $9.45, Hutchison293 words
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Article184 1985-04-04 11 AM 03 Al Sincere Indus Aaao Cement Cofhoy Cons KT 4.20 24.00 23.20 unch unch +0.2 Lian Hwo Indus Nan Y a Plas Pacific Cons Pacific Elect 1180 27 50 20 00 1570 +0 2 unch 04 -0.3 Chang Hwa Bank 5050 1 38 006 03 1660 0 1184 words
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Article366 1985-04-04 11 TOKYO: Share prices rose in hectic trading yesterday after a soft start as investors turned to recent-ly-ignored lower-priced shares. The market average gained 53.40 to 12,683.26, recouping Tuesday's 47.29 loss, in a trade of 720 million shares, the second highest turnover this year after 850 million on March 27366 words
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Article108 1985-04-04 11 MANILA: Shares closed firmer in quiet trading yesterday. The Commercial Industrial Index rose 0.15 to 132.17 and the Mining Index was up 0.95 to 688.61. The Oils Index firmed 0.022 to 0.621. AN 03 Nm Oriental B Phitax B 0011 0095 •***** -949 905 ***** -13 9986 PLOT 33108 words
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Article332 1985-04-04 11 SYDNEY: Share markets closed at a record high yesterday. The All Ordinaries Index rose 8.6 points to a record 837.4, 7.8 above the high set March 29. The Gold Index gained 15.5 to 825.1, the All Resources Index 11.5 to 560.5 and the All Industrials Index four to 1,194.332 words
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Article217 1985-04-04 11 BANGKOK: Stock prices closed higher in quiet trading yesterday. The Book Club Index rose 0.98 to 131.90 and gainers led losers by more than a nine-to-four margin. Turnover rose to 889,819 shares worth 150.4 million baht from Tuesday's 787,080 shares worth 217.3 million baht. Thai Farmers Bank rose eight217 words
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Article63 1985-04-04 11 APR 3 Won Hyi*xk» Corwt Hyundai Motor 903 598 unch 20 600 +9 KAL 665 581 3 644 -1 644 -1 1717 16 505 1 445 30 484 30 631 19 602 50 740 26 530 +21 855 11 645 unch 1290 Hand 0k 622 270 -7 +4 Stangyong63 words
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Article72 1985-04-04 11 AFP WALT DISNEY Production of the US has applied for a listing on the Tokyo Stock Exchange. Jiji Press reported yesterday that Disney stocks were most likely to be listed in the middle of next month. Disney would be the 12th foreign company to be listedAFP - 72 words
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265 1985-04-04 11 AFP ABU DHABI National Oil Company (ADNOC) has signed a contract with Idemitsu Kosan, Japan's sec-ond-largest oil company after Nippon Oil. The signing on Tuesday is expected to pave the way for the renewal of annual contracts between ADNOC and a consortiumAFP - 265 words
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175 1985-04-04 11 Reuter MERRELL DOW Pharmaceuticals Inc (MDPI) of the US has acquired a 17 per cent stake in Funai Pharmaceuticals Co of Osaka as part of a tie-up that makes it Funai's largest single shareholder and gives it direct access to Japan's pharmaceuticalsReuter - 175 words
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Article98 1985-04-04 11 Reuter GOLDSTAR Co Ltd of South Korea has launched an issue of US$3O million floating rate notes. Baring Brothers Co Ltd, the lead manager, said in Hongkong yesterday that the notes mature in 2000 but include provisions for redemption by both the issuer and the noteholdersReuter - 98 words
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Article240 1985-04-04 11 Reuter A PETROCHEMICAL complex in Saudi Arabia jointly financed by Japanese companies and the Saudi Arabian Basic Industries Corp (Sabic) is expected to start commercial production of petrochemical products in September after trial production from June to August. A survey mission from the Japan Petrochemical Industry Association,Reuter - 240 words
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Page 11 Advertisements
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Advertisement124 1985-04-04 11 <SMI H f C sa |5 a n <»> mm- i new menu♦ A WUETY DELIGHTS TO FILL *&m*ANY APFETITE >W Lunn COfFEE HOUSE 2nd Floor r t \t Apollo Singapore 405 Havetock Road Singapore 0316 Trt: *****81 a < ,a llil -w« tonight a Whole Leg of Tender US124 words
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Advertisement184 1985-04-04 11 yx%, X The authentic taste of Japan. A Japanese manager Japanese Chefs. A sushi counter, four teppanyaki griddles, a spacious a la carte restaurant and several tatami rooms. Open for lunch and dinner Set Lunch from $17 subject to 10% service charge and 3% CESS Ample free parking Century Park184 words
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Advertisement99 1985-04-04 11 ■> t# Level 4 > A r a r R t ft 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 Hours99 words
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Advertisement100 1985-04-04 11 WE COULDN'T IMPROVE OUR SUNSETS, SO WE'VE DONE THE NEXT BEST THING. WE'VE DOUBLED THE PLEASURE OF THE VIEW. THE TRADEWINDS' SUNDOWNER HOUR. MONDAYS THRU SATURDAYS, FROM 5.30 PM 7.00 PM WHEN DRINKS COST ONLY HALF THE BAR X PRICE. X HftiVON NTCRNATIONAb SMGAPORC -j. r, Dine and wine in100 words
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Advertisement96 1985-04-04 11 #> jr Buffet Luncheon show Every Thursday 0*: Wi April 1985 ModeM by: NW*l MMMI Prio: ne-M-Buftot lunch: 12 noon Outfits by: NMMtfZIM Show Timr. 1.15 pm For reservations please call 734 6622 ext 142 k4 in Muumui,m«nteK J L snupok V 19 Cairnhill Circle Singapore 0922 restaurant u r"96 words
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RAW MATERIALS
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461 1985-04-04 12 MICHAEL NEILL - By MICHAEL NEILL THE ANNOUNCEMENT late last week that the buffer stock manager can now operate below the sixth International Tin Agreement's MJ29.15 floor-price in Kuala Lumpur came as no surprise to the tin community in London, where the market has been trading461 words
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Article, Illustration418 1985-04-04 12 AFP INTERNATIONAL commodity analysts Landell Mills has said that coffee prices are currently subject to conflicting pressures. While mounting concern over excess supply under the International Coffee Organisation quota system is acting to force prices down, the more immediate threat toAFP - 418 words
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209 1985-04-04 12 UPI BANGLADESH will be forced to import 2.3 million tonnes of food grain between now and mid-1986 to avert food shortages in the country, a UN official said. Mike Sacket, acting chief of the UN's World Food Programme office in Dhaka, saidUPI - 209 words
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Article229 1985-04-04 12 SINGAPORE The market closed lower yesterday with April One RSS buyers quoted at 172.00 cents per kg, down one cent from Tuesday's finish. Prices fell by about 0.75 cents in quiet morning trading on some long liquidation. The market ruled uncertain in the afternoon, with prices falling Initially on229 words
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Article335 1985-04-04 12 RAS prices in S cents/kg, FOt in boles NOON CLOSE Buy*" Sellers Buyers 5ellen Int 1 RSS Prompt 172 50 173 50N 172 00 173.00N Int 1 RSS Apr 85 172 50 ***** 172 00 173.00 lot 1 RSS Moy 85 ***** 176 75 175 50 176335 words
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Article102 1985-04-04 12 (cents/kg, 1-ton polWn) APRIL 85 MAY 85 (current month) (forword month) NOON NOON RAS luyifs SoHti S<Hti SSR 20 175.50 177 50N 176 50 178.50N SSR 50 J 72 50 174 50N ***** 176.50N MRELB Stikrs B«iy«rs S«U«n SMR CV 222 50 224 50 224.50 226 50N102 words
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Article596 1985-04-04 12 COFFEE Robusta futures maintained currency based gains up to the close on Tuesday to end £25 to £10 a tonne above Monday's close. July ended at £2,263, down £2 from opening and. midday levels. The market was expected to open unchanged to around £5 higher due to the596 words
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Article260 1985-04-04 12 WHEAT FUTURES on the Chicago Board of Trade rallied to close on or near the highs on Tuesday, ranging from up 5V* cents per bushel in old crop May to unchanged in untraded distant May. The nearby May settled at $3.58 after posting a 6V«-cent range. The May rebounded260 words
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Article106 1985-04-04 12 THE Kaal» Lam par Tin Market price rose a cent to Ms2S.4f per kg yesterday, still within the International Tin Agreement lower range ef $».15 and $32. K. Dealers attrihnted the rise to firmer clese in Lenden and continued support by the buffer stock manager. They said sterling's106 words
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Article160 1985-04-04 12 Yarn (In HK) per bole of 400 lb) China carded yarn, cones Blue Phoenix I6's 2,550 Blue Phoenix 20's 2,700 Blue Phoenix 32's 3,300 Blue Phoenix 40's 3,650 Carded yarn, hank Blue Phoenix 21'» 2,900 Combed yarn, cones Btue Phoenix 32's 4,350 Blue Phoenix 40's 4,500 Open-end yarn Blue160 words
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Article136 1985-04-04 12 THE MALAYSIAN crude palm oil market closed higher in moderate trading on further covering amid trade expectations of a further tender by Pakistan, coupled with slightly higher Chicago advices. In April, south rose Mslo to $1,417.50 per tonne and north |5 to $1,405. The refined palm oil market136 words
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Article214 1985-04-04 12 SOYBEAN futures on the Chicago Board of Trade rallied late to close lVi US cents to V* cent per bushel higher after trading quietly lower most of Tuesday. May settled at $6.00V< after posting a four-cent range on the day. A rally in the nearby soyoil market and a214 words
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Article146 1985-04-04 12 Chines* Produce Exchange (Sellers' noon dosing prices on Apr 3 S$/100 kg) Coconut oil Bulk FOB 155.00 OW drum FOB 168 00 New drum FOB 172.00 Robusto 20/25% FOB NSW Nutmeg 110 FOB NSW E&W FOB NSW Gombier FOB NSW 477 50 396 00 248 00 330.00 Copra146 words
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Article265 1985-04-04 12 Singapore C-1 Ord unq (S$/kilo, ex-godown) Loonzoin Rice Fragrant new crop let OftA 100% 1st grade 100% 2nd grade 2nd 0.65 100% 3rd grade unq 3rd 0.60 Parboiled Rice New Crop no stock no stock 5% 10% 227 25% 10% 222 Thai Broken Maize unq A-super Special 0.58 0.55265 words
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Page 12 Advertisements
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Advertisement440 1985-04-04 12 MULPHA (SINGAPORE) LIMITED HbSH (Incorporated in the Republic of Singapore) NOTICE OF MEETING NOTICE is hereby given that the Sixteenth Annual General Meeting of Mulpha (Singapore) Limited will be held at the Registered Office, 39 Sixth Avenue, Singapore 1027, on 10 May 1985 at 12 noon to transact the following440 words
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Advertisement316 1985-04-04 12 m OVERSEAS UNION SECURITIES LIMITED (Incorporated in the Repubfic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of Overseas Union Securities Limited will be held et Mandarin Court 'A', 4th Floor, Mandarin Hotel, Orchard Road, Singapore 0923 on Thursday, 25 April316 words
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SHARE INFORMATION
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Article, Illustration4128 1985-04-04 13 SOME LATE, but strong, buying support for blue chips helped improve sentiment at the Singapore stock market yesterday. The BT Composite Index rose 2.07 points to 726.85 while the Straits Times Industrial Index increased 2.5 points to 814.18. Volume was moderate but higher4,128 words
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Article249 1985-04-04 13 SINGAPORE Rises Indices S P H D*H Do* FAN NSOf Kromot c c iTTc*" M lcw«m H Leong h r r u 625 525 525 340 50c 275 460 406 260 188 n 520 ■4 S0< 235 50« 207 Falls 17) 10 10 10 10 9 8249 words
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Article3000 1985-04-04 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".3,000 words
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Page 13 Advertisements
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Advertisement20 1985-04-04 13 KL market report and Business dona on the KLSE Saa page 14 The Straits Times Classified's hot line is 737-116620 words
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COMPANY NEWS
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349 1985-04-04 14 SHARE PRICES continued to ease at the Kuala Lumpur stock market yesterday. Except for Hongkong Tin, which made its debut yesterday, and a few situational issues, trading remained quiet and lethargic. The market opened on a quiet note in line with weak overseas349 words
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Article2092 1985-04-04 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. MDUSTRIAIS A Choc (2306 2 355) (1)2.34 AMD (3.205) Alcorn2,092 words
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Article180 1985-04-04 14 KINGS HOTEL Limited: 17th AGM at 16 Raffles Quay #26-00, Hong Leong Building, Singapore on April 15 at 11.00 am. OVERSEAS UNION SECURITIES Limited: AGM at the Mandarin Court 4 A\ Mandarin Hotel, Orchard Road, Singapore 0923 on April 25 at 11 am. PRIMA Limited: AGM at 201180 words
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Article95 1985-04-04 14 HONGKONG Australian Industrials Honq Seng Index Wednesday 1194.0 Tuesday 1189.9 Wednesday 1450.35 Week ogo 1186.4 Tuesday 1430.36 Week ago 1350.65 NEW YORK Dow Jones TOKYO Tuesday 1265.68 Tokyo Dow Jones Monday 1272.75 Week ogo 1259.72 Wednesday *****.26 Tuesday *****.86 Week ago ***** 82 Stondord Poors Tuesday 180.53 Monday95 words
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Article219 1985-04-04 14 Managers' prices MARA-Bumiputra for April 4 First B'putro 5.64 5 69 Second B'putro 4 84 4 89 Singapore Unit Trust The Commerce 2.12 2.25 Third B'putro Fcxrth B'putro Fifth B'putro Sixth B'putro 4.17 4.22 4 59 4.64 3.13 3.18 301 306 The Saving* Fund 1.47 *1.56 Seventh B'putro219 words
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517 1985-04-04 15 CHAN OI CHEE - By CHAN OI CHEE THE PROPOSED reconstruction of United Engineers (Malaysia) Bhd, announced recently, is aimed at improving the financial position of both the ailing company as well as its parent, United Engineers Ltd. Singapore International Merchant Bankers Ltd, financial adviser to UE,517 words
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516 1985-04-04 15 NAJEEB JARHOM - By NAJEEB JARHOM ARAB-MALAYSIAN Development Bhd, headed by businessman/banker Datuk Azman Hashim, is spending a total of M 545.28 million cash to acquire a prime piece of property in Kuala Lumpur and strategic stakes in two other property development companies. Although these purchases516 words
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Article314 1985-04-04 15 LAST FULL YEAR Company Period Date Year Net EPS Gross Net announced ending (cents) div profit lost year r 000) Spore Gloss Interim Nov 17 Mar 85 11.299L Pahang Inv Final Jan 31 Dec 34 9.352L Tan Cnong Final Feb 9 Dec 84 5.5(a) 8.6(o) 74,000 SPK-Sentoso Final314 words
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161 1985-04-04 15 Reuter BRITISH AEROSPACE said yesterday the British government's disposal of its remaining 48.43 per cent stake in the company would be the occasion of a combined offer for sale of about 146.9 million ordinary shares of British Aerospace. It plans to raise new equity capitalReuter - 161 words
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Article179 1985-04-04 15 APOLLO ENTERPRISES LTD has obtained an open market valuation of $101 million for its 19-storey Apollo Hotel complex in Havelock Road. The valuation is based on a report, dated March 22, 1985, by Knight Frank Cheong Hock Chye and Bailieu (Property Consultants) Pte Ltd. The hotel complex, which179 words
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395 1985-04-04 15 BELEAGUERED United Engineers Ltd is undergoing another major management reshuffle with the impending departure of its group managing director, Or Chua Yong Hai, at the end of June. He is probably one of the last, if not the last, member of the395 words
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Article786 1985-04-04 15 SHARE PRICES opened mixed but with an easier bias following the lower overnight close on Wall Street. At noon, the FT 30 Index was 9.1 points lower at 960.3 while the FT-SE 100 Index dropped 10.3 points to 1,276.5. US buying interest was subdued as the dollar declined786 words
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Article377 1985-04-04 15 Mas mm™ HOCK LOCK SIEW THERE CAN BE no better guide to the sharp downturn in the ship-repairing industry than Sembawang Shipyard's profit record. Just four years ago the group was going strong with pre-tax profits in excess of $105 million. Last year there was a pretaxHOCK LOCK SIEW - 377 words
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Article398 1985-04-04 15 FOLLOWING a major acquisition and rights issue last year, Paper Products (Malaya) Bhd has swung back into the black. But annual pre-tax profits to end-December of M 53.93 million (against a record loss of $11 million the previous year) are well short of its398 words
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Article375 1985-04-04 15 EMTEX Corporation Bhd is understood to have recovered the Msl million from the vendors of Ming Ming Centre Sdn Bhd, which the company had claimed in a writ of summons it took out last week. The writ of summons named a total of 16 individuals375 words
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Page 14 Advertisements
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Advertisement1070 1985-04-04 14 THE DISCOUNT COMPANY OF SINGAPORE LIMITED (Incorporated in the Republic of Singapore) BALANCE SHEET (Expressed in AS AT 31st DECEMBER, 1984 Singapore Dollars) SHARE CAPITAL 1984 Authorised 10,000,000 ordinary shares of $1 each $10^000^000 Issued and fully paid:- 10,000,000 ordinary shares of $1 each, note 3 $10,000,000 REVENUE RESERVES General1,070 words
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Advertisement22 1985-04-04 14 TIMES Business l)irc< t< of Sin#i|M>rt* >r\ GIVES YOUR PRODUCTS SERVICES 7* -1. -"T I I kVj LL k I THEY DESERVE22 words
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Page 15 Advertisements
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Advertisement119 1985-04-04 15 THE BANK OF TOKYO, LTD Singapore Branch U5530,000,000 Negotiable Floating Rate U.S. Dollar Certificates of Deposit Series 20 Due 7th May, 1986 On behalf of the Bank, the Agent Bank hereby gives notice to the Bearers of the above-mentioned Certificates of Deposit of the Bank's election, in accordance with Condition119 words
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Advertisement23 1985-04-04 15 cm =3 L S m: jS? "V.' f-,_ *r./ FLAMES OF ANGER i < M m*t The Worlds No.l Newsmagazine Read TIME and understand.23 words
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Article, Illustration547 1985-04-04 16 MANO SABNANI - By MANO SABNANI in Sulawesi PRIME MINISTER Lee Kuan Yew is bullish about prospects for the further development of Indonesia and its political stability in the foreseeable future, but both he and President Suharto are deeply concerned about the situation in the Philippines. At a547 words
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351 1985-04-04 16 VIETNAM and Cambodia were the main subjects of discussion between Prime Minister Lee Kuan Yew and President Suharto yesterday. Both leaders agreed on a need for follow-up action by Asean countries to ensure that Vietnam would not be more aggressive and expansionist.351 words
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429 1985-04-04 16 AMY BALAN - By AMY BALAN Ar DROP in interbank rates has fuelled speculation about cuts in prime lending rates in the next two weeks. That has been strengthened slightly by an announcement by Sumitomo Bank, a restricted bank, that it is cutting its prime lending rate429 words
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242 1985-04-04 16 PROFESSOR Robert Sterling, one of the world's leading academic accountants, will arrive in Singapore on April 15 for a two-week visit under the Lee Kuan Yew Distinguished Visitor Programme. During his stay, Dr Sterling, Distinguished Professor at the University of Utah in242 words
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251 1985-04-04 16 MERGER TALKS are la progress between two of the biggest names in Asian accounting the International Arthar Andersea group and Maaiia-based SGV. II effected, the merger will cover the groups' bosiaess in the Philippines, Indonesia, Malaysia, Thailand and Taiwaa. Bat aecordiflg to251 words
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367 1985-04-04 16 FOO CHOY PENG - By FOO CHOY PENG THE TAXI FARE increase appears to have brought back, at least temporarily, bargaining between drivers and passengers a feature of the bygone days of pirate taxis. Some drivers are so desperate for passengers that they are willing367 words
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Article, Illustration175 1985-04-04 16 LUCY NG - By LUCY NG MR GEORGE CHUA, the president of the Singapore Bank Officers' Association, was yesterday unanimously elected the president of the National Trades Union Congress (NTUC) in a closed door meeting attended by 20 of the 21 Central Committee members. Mr Chua was proposed175 words
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148 1985-04-04 16 Reuter FINANCIER Amos Dawe has lost an appeal to the British Privy Council against a fiveyear jail sentence in Hongkong for multi-million dollar fraud, legal officials in the colony said yesterday. They said a committee of the Privy Council, Britain's court of final appeal,Reuter - 148 words
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Article66 1985-04-04 16 WALL STREET stock prices moved lower in early trading yesterday. The Dow Jones Industrial Average was down nearly two points to 1264. Declines led advances by a 5-4 ratio while early turnover amounted to about nine million shares. Gulf States Utilities was up Vfe to 14Vt in66 words
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LATE FILE
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Article37 1985-04-04 16 UPI THE Soviet Union plans to allow 280 Jewish families to emigrate to Israel this month, said Israel Radio yesterday, quoting Yuri Stern, head of a Soviet Jewry Information Centre.UPI - 37 words
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Article52 1985-04-04 16 UPI ALLOWING Hongkong to remain capitalist when it reverts to Chinese rule in 1997 will promote socialism and hasten eventual reunification with Taiwan. Foreign Minister Wu Xueqian yesterday said that "to let Hongkong keep its capitalist system for 50 years will bring no harm toUPI - 52 words
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Article51 1985-04-04 16 Reuter CHINA and the Soviet Union have agreed to increase trade between their Eastern border regions by 43 per cent this year. The New China News Agency said yesterday that border trade between China's Heilong Jiang province and the Soviet Far East topped US$ll.4 million last year.Reuter - 51 words
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Article49 1985-04-04 16 Reuter MORE THAN 10,000 Vietnamese soldiers cheered by thousands of onlookers headed for home yesterday from Stung Treng in Cambodia. The departure of the soldiers was described as a withdrawal and a reduction erf Vietnamese forces in Cambodia by Major-General Nguyen Huy Chuong. ReuterReuter - 49 words
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Article52 1985-04-04 16 Reuter BRITISH customs officials said yesterday that they would begin industrial action over pay tomorrow, a move likely to cause delays at air and sea ports over Easter. The officials are demanding pay rises of 15 to 16 per cent and a £100 weekly minimumReuter - 52 words
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Page 16 Advertisements
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Advertisement166 1985-04-04 16 N\tf \9^ o£>) \e \o Republic of China Agricultural Food Products at your doorstep Dynasty Hotel Ballroom (3rd Storey) 3-5 April 1985 11.00 am. to 7.00 p.m. daily For the first time in Singapore, a wide selection of agricultural and food products from Taiwan, the Republic of China will be166 words
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Page 16 Miscellaneous
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Miscellaneous31 1985-04-04 16 Outlook for today: Showers in several areas in the lot* ofternoon. Report for 24 hour* prior to 7 30pm on April 3 at It* a*port Maximum temperature 33.0 Associated humidity Si31 words
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SHIPPING TIMES
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221 1985-04-04 17 THE INTERNATIONAL Transport Workers' Federation (ITF) has certified Hongkong's shipping registry as a flag-of-conve-nience. A report in the South China Morning Post said "blue certificates" have been issued for two new South Korean-built vessels registered in Hongkong last month. These are the 29,500 dwt221 words
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440 1985-04-04 17 JUNE LIM - By JUNE LIM WORD is going round that Kim Shipping has been appointed the Singapore agent for the National Shipping Company of Saudi Arabia (NSCSA). Though the market is rife with rumours, Kim Shipping has chosen to keep mum on the subject. The440 words
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Article675 1985-04-04 17 Ihtiwikin 1 hft Dm unv r i| m coi Afea VI 3 Ahrenkiel Liner V 4 Andeka Shpg v» 1 ANL 1 1 A PC Line V 4 APL HI 4 ASCL III 1 Asiabroker V 5 Austasia Line V 1 Bolt-Orient VII 4/5 Bangkok Cont VI675 words
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PORT SIDES
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Article74 1985-04-04 17 AFP FINLAND and the Soviet Union are to build two nuclear-powered icebreakers, with Finnish yard Waertsila producing the hulls and the USSR installing the reactors at Leningrad, Tass reports. The first will be in service in the Arctic before 1990 and will be rated 50,000 horsepower. It willAFP - 74 words
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Article49 1985-04-04 17 THE AILING Stavros Niarchos shipyard employing 4,800 workers will close on Monday for economic reasons, the management said. The yard has a drydock taking ships up to 300,000 tons. Recently the company was in talks with the Soviet Union on a deal for supplying four vessels.49 words
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Article65 1985-04-04 17 AFP THE eight-year-old 423,800-ton Italian tanker Coraggio owned by the bankrupt Lauro group has been sold to a Gibraltar firm for demolition in Taiwan, informed sources said. It cost US$BO million, earned $5.35 million and was then taken out of service due to slack oil demand.AFP - 65 words
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Article55 1985-04-04 17 Reuter INDIA HAS ordered from South Korea eight off-shore supply vessels for its oil industry, each costing US$4.9 million, Indian Petroleum Minister Nawal Kishore Sharma said. The minister told parliament the state-run Oil and Natural Gas Commission (ONGC) had placed the orders with the Samsung KoreaReuter - 55 words
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Article1174 1985-04-04 18 ARGENTINA Buenos Aires March 12th. 13 Vessels berthed. Bahia Blanca 10-15 days and 20-25 days depending on vessel's length. Severely congested A situation expected to deterioratee. 3 vessels berthed. 29 waiting to load grain. Necochea 12-14 days. Congested. 3 vessels berthed, 1 by-product vessel anchored awaiting berth. 21,174 words
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Article128 1985-04-04 18 Monica Beh (Mrs - Letter to the Editor Monica Beh (Mrs) PobUc Relations Manager Pert of Singapore Authority Dear Sir, Please refer to the article "PSA's complex's biggest tenant to move out" in Shipping Times, March 29. We wish to clarify that Multi-Storey Complex n is not in a gazetted free128 words
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839 1985-04-04 18 FT LIKE shipbuilding, the buoyancy of the marine engine industry depends on how strong or weak shipping markets are, and how willing governments are to subsidise yards and buy in orders. Just now, the shipping sector remains slack, shipbuilding companies are mostly groping theirFT - 839 words
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Article1715 1985-04-04 18 CHARTERING covered most commodity sectors on the London freight market on Tuesday and rates firmed. The Finnish state Granary fixed an April loader with 18,000 tons of Greak Lakes grain for Naantali at US$2B (fio). In the US Gulf, South Korean interests paid $23 (fio) to a Shinwa1,715 words
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259 1985-04-04 19 DOCUMENTATION governing the sale of vessels for demolition, heavy cargoes, standard towage and dangerous goods could be introduced 5 proposals due to be put before the Documentary Council of Bimco (the Baltic and International Maritime Conference) receive favourable reaction. Mr Peter Bradley, chairman of259 words
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573 1985-04-04 19 HONGKONG'S growing reputation as a major maritime centre is attracting scores of shipping lawyers to the colony. Many large foreign law firms specialising in shipping law have set up shop rivalling the established Hongkong firms, most of which have enjoyed a near-monopoly573 words
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Article310 1985-04-04 19 THE Australian marine insurance industry continued to offer unrealistic terms, apparently based more on opportunism or ignorance than on expertise, manager of Associated Marine Insurers, Mr Michael Hill, said in Melbourne. Marine insurance was the only class to write reduced direct premiums in 1982-83, and310 words
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Article135 1985-04-04 19 SHIP scrapping is likely to reach record levels in 1985 despite slightly lower prices in East Asian yards. A provisional analysis by London broker Harley Mullion and Company gives a figure of 12,800,000 million deadweight tonnes sold for scrap in the first quarter of 1965 against135 words
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Article153 1985-04-04 19 MAY 1, 1985 is the target for Evergreen Line's final decision on whether Norfolk or Baltimore will be it's mid-Atlantic load center, according to one port official, said Seatrade Week. Virginia Port Authority (VPA) and Maryland Port Authority (MPA) both have presented the carrier with their best offers153 words
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Article190 1985-04-04 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. Australia/Straits190 words
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Article, Illustration5596 1985-04-04 24 3®aBG)qEB 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 of5,596 words
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Article687 1985-04-04 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 Zim S'pore HE 4.4.85 2000 Star Shpg F7 0700-0800 L3 Tanah Air 21NB 4 4.85 2300 NAPL F7 0900-1100 F3 Jork Eagle 2 5.4.85 0200687 words
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Article1830 1985-04-04 25 The leading shipping lines operating from local ports and their agents. A-B %FE% African Shipping Agencies 'Si \fro-Kura*la Lln» Transgroup ISI Ahrenklel Liner Service Kim Shpg iSi Alfred C Toepfer Oceanus Shipping Agencies i S i Manntex Enterprise < PK i Alp**" Inlrasea «S> Bintang Shpg1,830 words
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Article467 1985-04-04 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES East'n Reefer K18 Boustead alongside 4.4.85/1500 Jenhol K23 T Soon alongside 4.4.85/2359 Straits Hope K24E SSPL alongside 4.4.85/1300 Str Venture K25W SSPL alongside 4.4.85/0600 Thomaseverett K30 Everett alongside 4.4.85/0600 Belait K19 SSPL 4.4.85/0630 4.4.85/1300 Cottbus K28 S'pore467 words
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Page 17 Advertisements
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Advertisement668 1985-04-04 17 HEUNG-A SHIPPING Korea Hag Vsls Regular Liner Semi-Container Service To: P. KHani/Penanj Busan/Inchon Fm: Busan/Moji S'pore kitnt: Neptune Agencies Pte Ltd Tel: *****77 P.K. *****4, PN *****5 K.L. *****0 LIKE shipbuilding, the buoyancy of tho marine engine industry depends on how strong or weak shipping markets are— II HONGKONG'S growing668 words
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Advertisement307 1985-04-04 17 xUASC UNITED ARAB SHIPPING CO (SAG) SEALORD SHIPPING AGENCIES 70 Sh«nton Way 04 02C Mgrinii Hou>« Singapore 0207 T»l *****94 T»l« CFS offic# TPC 03 30 Tel *****31 and *****32 Terminal office TPC 03 29 Tal No *****90'*****93 No RS ***** ROM JAPAN TAIWAN HO\(, K()\(, TO \KABI W (iI'LF307 words
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Advertisement1135 1985-04-04 17 k Published by TIMES BOOKS INTERNATIONAL Times Centre 1 New Industrial Road Spore 1953 Tel: *****44 a of »»ie 'mes oiQar'iCfxy SS6 50 MAERSK LINE EXPORT TO USA. EUROPE. MIDDLE EAST. WEST AFRICA ASIA TO I PACIFIC. <il l F. ATI.ANTK FAST CANADA. INI AM > POINTS *SMGAPORE aOSMG TMS1,135 words
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Page 18 Advertisements
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Advertisement385 1985-04-04 18 Y.S. LINE YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA Pacific South WMt Pacific North Waat Faodar at Tokyo Faodar at Koba fcMtar *SL LA/LB OA* Moth* »1 HO SRAMXA 0/5 9/5 S BEBHU »/5 10/5 2EOJUOU C/ 5 J/5 HYUGA 15/5 11/5 P. ARROW 20/5 23/5 TOKYO M 2C/5 271 KBMU 27/5385 words
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Advertisement224 1985-04-04 18 11 Supercarrier Service NEXT ARRIVALS BARBER PRMN 9/4 BARBER HECTOR 17/4 BARBER TOBA 8/5 TO: CALIFORNIA PANAMA US ATLANTIC US QULF E. CANADA 17/5 11/5 25/5 27/5 4/4* 5/8 12/t 14/ C tAfce Kcaptnf cento tar Hmlh (MJ). S. Francace OAM. SlecKton and San Owft L TO: CARIBBEAN CENTRAL AMERICA224 words
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Page 19 Advertisements
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Advertisement868 1985-04-04 19 The Straits Steamship Group ffljrgN Mansfield Container Shipping Pte Ltd Overseas Containers Limited I CONTAINERS!* SERVICE TO UK CONTINENT LIVERPOOL MY TOKYO MY n IM an of edmr touo amss CONTAINERS!* SERVICE FROM UK CONTINENT H'buri Br em R'dam Le Hi Stem P KHanf S pore Rait Porta W SM868 words
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Advertisement727 1985-04-04 19 Franco Belgian Services Bt /vi« >*ur inij) (MEMBER OF ACE CONSORTIUM! Ml comwogy mb fhom awt 11 Wait PK Mn STOK PJSLNKIa Hanw Vim fUmn Nm tltm* M II A* (M Apr) 29 Apr 31 Apr 2Mr 4Mr Sib) 7 1b; OCVMJD MS 17 Apr (IS Apr) (Mr 7Mr lh|727 words
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Page 20 Advertisements
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Advertisement333 1985-04-04 20 Hapag-Lloyd^ EXPORTS TO CONTINENT/UK Thames Mara City EMm Tgka Eipress CarAgan Bay Out) Ba? On carriage to Scandinavia, Med, Carribean IS. America Inland haulage to inland destinations in Europe S'pare PKetang PenangLeuoesßfcao Genoa Hburg *dan Bhairen I U.MUBAXAKIAH 14/4 10/4 11/4 10/5 31/4 11/5 Connecting in Kobe 0 Connecting in333 words
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Advertisement237 1985-04-04 20 m MC.S LINE FULLY CON TAINERI SJ D S ERVICE TO EUROPE VIA SUEZ o( Iht Acf Comortwr, 30 4 2/5 «/5 7/5 9/5 11/5 14,5 U/5 18/5 21/5 22/5 24/5 28 '5 30'5 1/6 FUiLY CONTAINERISED TO/FROM NORTH AMERICA WSJ LUAbI *iia «etu< PK* Sotrt* IKH U OjtUnd S*at««»»n237 words
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Advertisement489 1985-04-04 20 AGENCIES PTE. LTD. #09-07. ROBINA HOUSE. S PORE 0106 TEL: *****88. TELEX: RS ***** BOOKING: *****56 (DIRECT LINE) SINGAPORE TO PENANQ SINGAPORE TO BRUNEI •EQUATOR V SMR 6/85 hi Port 6 Apr Muara •JENSON IV SMR 8/85 9 Apr H Apr Muara •EQUATOR V SMR 7/85 13 Apr 16 Apr489 words
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Advertisement658 1985-04-04 20 o EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/W MED /FE) no GOME IS/4 22/4 23/4 »/4 21/4 35/4 1/5 20/5 24/5 25/5 no SUtt 2/5 5/5 7/5 5/5 U/5 14/5 15/5 3/5 7/1 5/1 mi err 23/s 27/5 21/5 35/s 2/5 4/c s/c 2«/ c 25/5 30/ c658 words
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Advertisement233 1985-04-04 20 US I NOSE I u MARITIME PTE LTD m PORT HE LANG PENANG ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Lowing B. AMm. B. Khomcri SMOSC MARITRC PTE LTD TEL *****44/7 t *****70 MALOSE HWSTME SON BHD Tel *****2/3 MALAYSIA TRADE t TRANSPORT LTD Tel (7893 I ***** KYONA233 words
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Page 21 Advertisements
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Advertisement909 1985-04-04 21 V\v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 VESSEL HOT A SALAM KOTA JAVA KOTA MUTIARA KOTA BEJATI KOTA RATU KOTA AQUNO VOYAOE E-559 E-SSI CP/S/S5 E-563 EAST AFRICA/REDSEA SERVICES HONGKONG SINGAPORE LOADING FOR: ADEN, HODEIOAH, JEDDAH, AQABA, PT SUDAN, MOMBASA, D'SALAAM DJIBOUTI, HODEIOAH,909 words
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Advertisement731 1985-04-04 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE WITH ÜBERTY TO CALL AT RED SEA PORTS PENANG FED VIA SINGAPORE KkJJEBSEN LINE NEWZEALAND r southeast asw mw balms P Jbrnby Lm Naonaa Auct/Tau Napar raw Ml Accapb* fa mo la ramul. newaa madam honmi unto via lm Accapbi( Fa OUT FU.731 words
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Advertisement671 1985-04-04 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINF FAR EAST STORE SERVICE FULL CONTAINER VESSEL. BUSAN YOKOHAMA KOBE KAONSAJNG HK STORf TG PRIOR MAMPAMT VIS W t/3 S/3 COM VI) It/3 29/3 10/3 16/3 31/3 3/4 17/3 23/3 25/3 4/4 J/4 11/4 EAST BOUND STO* SOWAT V7Q 7/4-12/4 (DOC OUT) WEST BOUND SP671 words
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Advertisement615 1985-04-04 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loadmf for Ranfoon S'pore Phashwegyawywa ¥252 8/10 Apr Pa|» VS6 22/25 Apr Myomayara VSS 27/30 Apr Pa-M VS3 7/10 May UA BANK LINE Kkiiyyya. BHi .irJ t f/Ki IVYBANK CLYDEBANK SPORE R'DAM HULL HMBG 19 Apr 15 May 18 May 21615 words
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Page 22 Advertisements
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Advertisement1232 1985-04-04 22 K LINE KAWASAKI KISEN KAISHA, LTD. ECUAOOR/PfRU/CHILE feeder *si Mono *si sfore me mc spose nagoya guayagul callao «tc* iquique »agasta s.antoho *alfaraiso nam RUBY *21 MARITSA SXMTB *6002 3 Apr 4 Apt 5 Apr 7 Apr 23 Apr 25 May 2 Jun 1*» 1 10 CENTRAL AMERICA/CARIBBEAN SEA FEEDO1,232 words
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Advertisement541 1985-04-04 22 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE loading tor lOS ANGELES SAN FRANCISCO. SEATTLE TACOMA VANCOUVER BC Accepting FCI 'FCI Containers P Ketang Singapore L Angeles MATENW J/10 May 5 Mm AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCI/FCI Containers 18/19 May 20/21 May 12/13 lune 13 May 3 May 10 May541 words
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Advertisement479 1985-04-04 22 k|«nt SiWM CI Sharp (Co Pte LM Tel *****22 Nrt K«tan( MNAS SJurp S4n BM Td *****4/*****0 N«V IAMA.S Sharp S* BM Tel X7ISS/X7M9 GENEKAL SURVEY Fo>: (3) GOTO* ROYONG m§ b* Md ea 1.4 K (I) HMD KWONG Mi K *LD ON 13 4 15 no nano sutwi mi479 words
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Advertisement521 1985-04-04 22 INTRASEA (PTE) LTD 10 Anson Road »27 16 International Piaza Singapore 0207 Tel *****1 1 1 1 0 Lines) VOAASIA&IVK BREAKBULK SERVICE TO EUROPE/UK OCEAN MM) *****03 FORT NELSON *****05 S port P. Keianfloadhj tar:6 Apr SETE/ANT/ROTT/UJ. (AVON) 7 Apr ROTT/ANT/U.K. (WON) AND R.M.Z.\^n S pore P.Mlhb Lwdtaf tar ALEV521 words
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Page 23 Advertisements
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Advertisement578 1985-04-04 23 NOL NEPTUNE ORIENT LINES LTD TO EUROK/UK (VIA SUEZ): Also accepting cargo to/from Scandinavia K CHANCE S'pore Closing Times: FCL Cargo 0500 10/4 Where PK dates indicated in brackets, cargo to/from PK transhipped via TO AND FROM AUSTRALIA: TO/FROM NORTH AMERICA PACIFIC COAST WEEKLY FIXED DAY FREQUENCY EXPORT IMPORT Feeder578 words
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Advertisement530 1985-04-04 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG, BUSAN, INCHON 7 Dxw SO* No I Dtnjm/bOJN No Ovum M3N No Dmm SOW 24/5 »/5 S PlWf AI4 NTS NIPTUNE AGf NCIIS Pit 110 TH 7/J997/ 7/SS4I4 <Boo*mtsi ???7SIO <Operjt.om) ;?***** (Ifinwijl) ??0?«S0 ??0?S04 (CFS) Mil trstt530 words
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Advertisement926 1985-04-04 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55. Market Street Singapore 0104 Telephone Numbers *****3 (15 Lnes) Cable Address SINSOV SINGAPORE Telei Numbers RS ***** RS ***** RS ***** P KELANG fti/s SHAMKAT NAM SOON SOU BHD IST AND 2ND FLOOR. NO 1 IALAN CEMPENING PORT KLANG MALAYSIA926 words
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Page 24 Advertisements
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Advertisement567 1985-04-04 24 ICc«|ional Container Lines 3 Sail n fl s Weekly Ljefluly Reliable Regular Punctual Berthing P S.A Mon. Wed Sat HINODE KISEN CO. LTD MIDDLE EAST REGULAR LINERI I I K lIKXW I.IFT \KKIF.K S'pwt 10/12 Apr 13/15 Apr 20/22 Apr Loadn( for: Dubai. Muscat Saiaiah Dubai, Kuwait Bahrain, Doha IM567 words
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Page 24 Miscellaneous
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Miscellaneous153 1985-04-04 24 7A m s a m. /A m > <ssc" *»e. SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. •c cT w Wind direction with speed m knots Wove height LEGEND: R Thunderstorm diction with speed m knots V Shower Rom Wove height Cloudy Sky Surface winds ore indicated153 words
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Page 25 Advertisements
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Advertisement73 1985-04-04 25 AGENCIS K. LUMPUR P. KELANG PENM6 P. GUDAMG J. BAHAMJ IE *****8/*****6/*****1/*****3 *****1/) TERMMAL 3U3SI/2 *****/*****/*****/***** *****3/*****5/*****1/*****0 22MH/*****1/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE PTB i'.bPTTTTTWITMii; mi.lii nniffiTMirf iTir^rnnf m uTm ALSO ACCtFTMS FOR: ANTWERP, L NAME, UK. BHMEN. COPENHAGEN. OSLO ALSO ACCEPTM FROM EUROPE: ATM, HAM. GOT, UK. ANTWERP, OSLO.73 words
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Advertisement235 1985-04-04 25 fWI L/COKN U.'M-IJI 1 4<!i.f}.1 !j' W*'!,/rJ.rj.'i'iV *M n;mr?lL A'lZg (CAioun*) Scan Dutch <§ To Europe (Med/UK/NC/Scan) B Butane InPt B Butane 11/4 B Butane 18/4 B. Butane 25/4 B Butane 2/5 B Butane 9/5 PJCELANG B Butan( 5/4 B Butane 12/4 8 Butane 19/4 8 Butane 26/4 B Butane235 words
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Page 26 Advertisements
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Advertisement82 1985-04-04 26 WORLD LINE EXPRESS REGULAR SERVICE JAPAH/HONGKONG/STRAITS VESSELS SPORE P KL EAS TDM MMS Mil S» I HORN w 13 *m 11/11 lo u TDM m is i(/ii »m n M NSC muk bcrltt »t PPW W S«f apart 0«t Afwt EXPRESS CS) PTE LID RteW If *4t Cmtr* 1 Mjnton.82 words
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Advertisement340 1985-04-04 26 1 l«; Mitsui OS K. Lines. Ltd CONVENTIONAL/SEMI-CONTAINER M. GRACE 9 Apr OCEAN ELITE 15 Ape ASTRA PEAK 24 Apr SEA ARCHITECT 3 May WEST AFRICA EARNEST VENTURE 12 Apr NEDLLOYD MADRAS 7 May Mombasa. Daressalaam Mombasa. Daressalaam Port Louis. Reunion Mombasa. Daressalaam, Tamatave Monrovia. Abidjan. Lome. A papa. Douala,340 words
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