The Business Times, 7 November 1985

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 THURSDAY, NOVEMBER 1, 1985 75 CENTS
    12 words
  • 234 1 BANK NEGARA governor Datuk Jaffar Hussein said yesterday that the central bank was studying developments in the foreign exchange market with regard to the position of the ringgit vis-a-vis the US dollar. "We'll see what needs to be done and will do the necessary,"
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  • 528 1  -  By LOH HUI YIN EXPORTS of television sets, radios and electronic components to the European Community, which were worth Ss7Bo million last year, may lose their tax-free status if a proposal being studied by the EC is approved. But should the
    528 words
  • 490 1  -  First step to divest holdings in listed companies By LORETTA McLAUGHLAN TEMASEK HOLDINGS, the government's investment group, has taken its first step towards divesting its commercial holdings in listed companies. Cerebos Pacific, the food manufacturing group, announced last night that it has reached agreement
    490 words
  • 388 1 A HIGH COURT ORDER has been brought against the Asian Wall Street Journal in respect of contempt of court contained in an editorial comment on the recent trial and conviction of J B Jeyaretnam. The Attorney-General is also seeking action against
    388 words
  • Article, Illustration
    90 1 AFTER A QUIET start yesterday mernlng, the Singapore stock market picked up momentum in the afternoon, hot prices still cleeed on a mixed note. Brokers welcomed reports that the MAS issue had been well-onhocrlbed. They nre looking forwnrd te the return of funds. The BT Composite Index rose
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  • 308 1 AFP Reuter EIGHT HIGH-TECHNOLOGY cooperation projects were adopted at the second Eureka ministerial conference in Hannover, West Germany, yesterday, where foreign and research ministers from 18 West European states also agreed to a charter for the programme and ordered a new agency
    AFP; Reuter  -  308 words
  • 121 1 UPI THE IDAHO Court of Appeals has ruled that a Washington company has no obligation to pay for a U555,620 electrical device that an employee thought cost only $56. The dispute arose when Spokane Computer Services purchased an electronic part from Konic International of Kootenai
    UPI  -  121 words
  • 291 1  -  By JAIME LYE THE BUSINESS of running Singapore's civilian sky traffic earned the Civil Aviation Authority of Singapore a net $50.7 million in the first seven months of this year. This compares well with the |72.5 million earned by the former
    291 words
  • Page 1 Advertisements
    • 140 1 A WATERMAN PARIS Writing instruments of distinction since 1884 Trade enquiries: Ttel: *****33 T k WITH Everybody needs a bank providing full personal banking services like savings, fixed deposits and personal loans. At UMBC we provide all these but we serve you with that little bit of "personalised attention" that
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    • 256 1 Call for cooperation in high technology, Page 4 SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS LETTERS CROSSWORDS TV A RADIO DOONESBURY BRISTOW OUR VIEW RENT CONTROL has led to inequitable and sometimes ridiculous situations. What started as a law to protect tenants against exploitation by landlords has taken a complete
      256 words
    • 8 1 Asian stocks, Pags 13 Intt stocks, Pago 12
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    • 69 1 (|=`~@[<'.;!]%*/?&`^$'+:'=*{>,~ FLIGHTS DAIDf v 1 m ONFRI SUN Friendly connections to Brunei Darussalam. Whatever your business in Brunei Darussalam, we spoil you with the most choice of flights: twice daily at 11.30 am and 9.10pm, plus an additional flight every Friday at 3pm, and every Sunday at 11.20pm. Whatever your
      69 words

  • HOME NEWS
    • 360 2  -  Singapore agent awaiting clearance from authorities By LIM SOON NEO LONDON EXPRESS Aviation (LEA), the bargain-basement airline which was due to fly to Singapore last month, will definitely take off in the first quarter of 1986, says the airline's general sales agent. Mr P R Gopal,
      360 words
    • 426 2 LOCAL BUILDERS eyeing a China contract must first clear the maze of regulations and red tape before even laying the first brick. A panel of local professionals and businessmen with projects in China yesterday highlighted the problems of entering the Chinese market. One difficulty is adjusting
      426 words
    • 132 2 r tTHE SINGAPORE Manufacturers' Association and the Trade Development Board are holding Can exhibition of Singapore's ca- pabilities in electronics for a visiting Swedish delegation. t About 30 local manufacturers of robots, computer and precision machine parts will Stake part in the five-day show begins today at the
      132 words
    • 281 2 THIS YEAR'S Productivity Month will be launched by Prime Minister Lee Kuan Yew on Friday at the Singapore Conference Hall. His annual review of the year's effort and the 1986 outlook will mark the start of special productivity events for November and the year ahead.
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    • 61 2 MICHAEL HESELTINE, the British Secretary of State for Defence, will arrive in Singapore on Saturday for a two-day visit. He will call on Dr Yeo Ning Hong, the Minister for Communications and Information and Second Minister for Defence. The Duke of Kent, who also flies in on Saturday,
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    • 277 2 SINGAPORE travel agents have been recruited by Singapore Airlines and Swissair to help promote travel between the two countries. The airlines held a cocktail reception at the Hyatt Regency Hotel last night for about 600 commercial clients and travel agents. An audio-visual show featuring holidays in
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    • 337 2 JAMES HEATON has taken up the post of senior executive director of Standard Chartered Bank Africa PLC. Mr Heaton, who will take up his new appointment in the middle of this month, will head a staff of 2,000 and a network of 30 branches. He was the
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    • 739 3  -  By SHAHRIR ARIFF STARTING A NEW BUSINESS has to be a gamble, so are all entrepreneurs natural gamblers? Not so, according to the results of research carried out by an American psychologist. Dr Charles Bird, the associate professor of psychology at Ohio State University,
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    • 99 3 (Chinese) #Kl* #»A±» *N-«H2>£?fai£:<k«r IE *J-te£*Atf£i*att *tt*g Sl* m«w4tf»]ißX*w- #mT- to Xflife'jg o gkftftftJH PISH o mm *r A*'»* mnrsfio m&&-t-#mxto o flbfniß^T ±i.' &to «tt m fife <> '03 *w"rt£ w t*;*mB'J3S ftfefnts Hit afl« «f*fSE?&A± ttiJ tt«« <6*l* A a£**J»*?*@£«Al ft* "ft#"# h fifn tt## M WE a
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    • 321 3 FIVE CONTRACTS for the construction of drains and ■ewers awarded recently by the Ministry of the Environment and amounting to fias million drew 90 bids a graphic reminder of the scarcity of work. The average of 18 bids for each contract was roughly double the number
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  • Page 2 Advertisements
    • 226 2 We settle for nothing but a taste of perfection. Quite a claim, you might think. >'" It's a promise that 'jj 1 certainly gives our master chefs food for h' But then you don't become one of the fr most popular Chinese restaurants in town without setting your standards very
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    • 59 2 WORLDWIDE COURIER Changing the way the world does business. Lufthansa to Rankfurt The world connection. V- I -'v Lufthansa offers three direct flights a week from Singapore to Frankfurt. And Frankfurt always means frequent and convenient connections to 128 destinations in 73 countries covering 6 continents. For details on the
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  • Page 3 Advertisements
    • 348 3 at the the electronic revolution as It gains control In the financial worU. With the unprecedented fluctuations in commodity prices, interest rates and foreign exchange, information regarding investments, purchases, sales, funding, hedging and a host of other financial decisions can no longer be trusted to the traditional methods of communications.
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    • 47 3 A a V* < >J 12 m v :&i >» M jTli if you aren't worth bit more, who is? CY\W AS IJH" /fvi 1 \il)!l) > .wr H J n i r v jm i w ///|////.;< < ■■<'!!!■[ \i>t > c'; /n /\\n I> -r' f >V r
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  • OVERSEAS
    • 237 4 UPI CHANCELLOR HELMUT KOHL has urged Western Europe to meet the technological challenge posed by the US and Japan with the same determination it used to rebuild after World War n. In a speech opening a twoday "Eureka Conference" of 18 European nations on Tuesday,
      UPI  -  237 words
    • 436 4 USssoom approval exceeds Reagan's request AP THE US HOUSE of Representatives subcommittee on Tuesday approved a US$5OO million fund to subsidise US exports. The amount is $200 million more than requested by President Reagan to match the money spent by other exporting industrial countries
      AP  -  436 words
    • 262 4 Reuter A SPECIAL report by the 90-na-tion world trade body Gatt said protectionist pressures rose in recent months from already high levels, particularly in the area of government-subsidised credits to help exports. The report said a number of new trade disputes developed and there were no
      Reuter  -  262 words
    • 186 4 AFP AFRICA is on the brink of catastrophe because of its annual birth rate of 3 per cent, the planet's highest. World Bank vice-president Edward Jaycox told a world conference on nature conservation in the service of de>n|ppment which opened in Antananarivo on Monday. The
      AFP  -  186 words
    • 224 4 UPI THE STATE Department has interviewed Vitaly Yurchenko and announced that the farmer KGB defector, who claims he was kidnapped and drugged at the hands of the CIA, was free to return to the Soviet Union. The department Insisted on the interview
      UPI  -  224 words
    • 320 4 UPI CORPORATE SUPERVISORS believe that American workers will steal at least US$l6O billion in "time" from their employers this year, according to a survey released in New York yesterday. The so-called 1985 "Time Theft" survey is the work of Robert Half International, a worldwide
      UPI  -  320 words
    • 96 4 Reuter A SPLIT AMONG Britain's miners widened as more than 1,000 men voted to join a breakaway movement challenging the militant policies of the National Union of Mine workers (NUM) led by Arthur Scargill. Men at Daw Mill Colliery in Warwickshire, central England, voted by
      Reuter  -  96 words
    • 267 4 AP THE SENATE Appropriations Committee on Tuesday approved a bill appropriating almost US$3OO billion for the US Defence Department, setting the stage for congressional floor fights over spending for Star Wars research and chemical weapons. The bill gives the Defence Department $299.6 billion, enough money
      AP  -  267 words
    • 260 4 Reuter FURTHER privatisation measures, including the sale of British Gas Corporation and the British Airports Authority, are expected to dominate UK legislation in the coming session of Parliament. The legislation schedule, written by Prime Minister Margaret Thatcher, was to be unveiled formally yesterday in
      Reuter  -  260 words
    • 322 5 AP THE SOVIET UNION, which now has no investment in Malaysia, wants to participate in industrial projects there to narrow a trade imbalance that is in Malaysia's favour. Soviet Deputy Premier Yacov Ryabov said on Tuesday, before he left after a five-day visit, that
      AP  -  322 words
    • 193 5 AFP CHINA and Britain have some "bizarre links" ranging from a British disco operation in Beijing to a British-distilled Chinese lychee liqueur, says an official Chinese trade magazine available in Hongkong. In reviewing a variety of technological agreements reached between China and Britain, the latest
      AFP  -  193 words
    • 133 5 Reuter PRINCE HIRO, the grandson of Emperor Hirohito, has said that he would not want an extravagant wife. The bachelor prince was speaking at his first press conference on Tuesday on returning to Tokyo after a three-week tour of the US on his way home
      Reuter  -  133 words
    • 790 5 ARRIVALS Operator Service Local From number time LUFT LH688 0005 FRA/DXB OA OA472 0025 SYD/MEL SIA SQ11 0125 LAX/TYO PAA PA21/5 0155 LAX/TYO/HKG RBA BI443 0300 BWN MAS MH661 0820 KUL MAS MH603 0905 KUL MAS MH671 0935 KUL MAS MH8I1 0940 PEN SIA SQI03 1005 KUL
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    • 172 5 Bernama MALAYSIA is expected to be only 10 per cent dependent on oil for energy by the year 2000 under its four-fuel strategy, according to Deputy Energy, Telecommunications A Posts Minister Haji Abdul Rahim Bakar. Under the plan, Malaysia would use oil,
      Bernama  -  172 words
    • 316 5 Exporters urged to price oil in a basket of currencies AFP THE ORGANISATION of Arab Petroleum Exporting Countries (Oapec) has said that it is time for oil exporters "to price their oil in a basket of currencies". In an editorial in its November bulletin,
      AFP  -  316 words
    • 245 5 AFP FOREIGN OIL companies operating in Indonesia are becoming increasingly uneasy over losses sustained because their taxes and costs are calculated at official oil price levels. Industry sources in Jakarta said yesterday that earlier this month, several top level company delegations had
      AFP  -  245 words
  • Page 4 Advertisements
    • 4 4 Mm V :<> ■4 r
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    • 138 4 Express your individuality Express your personality with a distinctive, vital look which you can easily co-ordinate at Melwani. Select from a wide choice of reputable suitings, from names such as Wain Shiell, Dormeuil, Zegna and other top quality brands. Choose readymade clothes, shoes and accessories that will complement and reflect
      138 words
  • Page 4 Miscellaneous
    • 40 4 Doonesbury MR. SHAPIRO, HHYISTH& doorsteblPLATEP? rrsrmoF IHB NEIGHBORHOOD'S COLORFUL PAST, SON. THEREUSEPVBEAIOTOFPRUG PEALERS IN THE AREA BEFORE rTm OEANEOURTHEPEALERSCONOJCB BUSINESS THROUGH SLOTS INAR'+9 9 i Y V ?r m m BY GARRY TRUDEAU 4 v» ;v«y/;, m i m. 01
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  • 574 6 Message by Mr. Vladimir Semenov, Ambassador of the USSR in the Republic of Singapore It was in 1917 that people of old Russia made a choice: through a Socialist Revolution to get rid of exploitation, backwardness, social and national injustice. Since that time the day of the
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  • 1193 6  -  By Alexei Putintsev Novosti Press Agency Economics Commentator When a little known industrial plant suddenly comes into focus of public attention, it is a sure sign that something unusual is taking place there. The headlinegrabber in the USSR today is the M.
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  • Article, Illustration
    233 6 "We openly speak about the aims of our international policy, about ways of attaining them. In this sense our policy is quite predictable, it has no riddles and ambiguities. This is a policy based on the Leninist idea of the peaceful coexistence of two opposite systems. We proceed from the
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  • Page 6 Advertisements
    • 382 6 Congratulations to the Government People of the USSR on their 68th Anniversary of the Great October Socialist Revolution From hmod* M EAST" MOSCOW NARODNY BANK LTD Established in London in 1919 Total Assets exceed £2272 million Singapore Branch: 50 Robinson Road, MNB Building, Singapore 0106 Postal address: Maxwell Road, P.
      382 words

  • 734 7  -  By Nikolai Tretyukhin ly Nikolai Tretyukhin, deputy head of the Main Planning and Economic Department of the Soviet Foreign Trade Ministry The chief aspect to underlie the Soviet economy until late this century will be a fast scientific and technological progress whose goal is to
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  • 99 7 The USSR has 3J million hospital beds 125 per 10,000 citizens. This is almost twicc more than in the USA. They have up-to-date equipment and the necessary medicines for the modern level of comfort and everyday conveniences. All types of medical aid to the population in the
    99 words
  • 439 7 East to West, the USSR spans eleven time zones, or almost the entire width of the Eastern hemisphere. In territory (22.4 million km 2 the country is as big as the US. China and all of Western Europe combined. Population of the USSR is about 277
    439 words
  • Page 7 Advertisements
    • 78 7 Qonff)tiJatm§ the Government People of the USSR on their 68th Anniversary of the Great October Socialist Revolution JSL, JURONG SHIPYARD LIMITED Pulau Samulun, Jurong Town, Singapore 2262. Tel: *****66. Telex: RS ***** m m m h i to the Government People of the USSR on the occasion of their 68th
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    • 105 7 w Congratulations to the Government People of the USSR on their 68th Anniversary of the Great October Socialist Revolution from MM BULSING (PTE) LTD 6, Tractor Road, Jurong Industrial Estates, Singapore 2262. Tel: *****48 *****86 *****87 Telex: RS ***** 55 Congratulations to the Government People of the USSR on their
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    • 162 7 f the Government People of the USSR on their 68th Anniversary of the Great October Socialist Revolution from 1 P :> STEVIC (SINGAPORE) PTE LTD 37 Senang Crescent, Singapore 1441. Tel: *****68, Telex: RS ***** STEVIC r m i i i 9 t Tj 0 70 Shenton Way #14-01 Marina
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  • MONEY AND EXCHANGES
    • 145 8 Reuter SIMEX currency futures yesterday opened firmer reflecting spot US dollar weakness on continuing pressure from Bank of Japan to push the currency lower. December yen opened at U550.*****5 above Chicago's close of 0.*****0 and the previous Simex settlement of 0.*****8. December mark opened at U550.3857 above 0.3846 and
      Reuter  -  145 words
    • 383 8 HONGKONG: GOLD yesterday closed firmer at U*****.90/325.30 per ounce against 324.40/90 in New York on Tuesday in thin trading boosted by a weaker dollar. On the local market, gold rose HK$4 from its close here on Tuesday to end at HKS3,OS7 per tael. The krugerrand rose $3 from Tuesday's
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    • Article, Illustration
      334 8 Asian market ASIAN DOLLAR deposit rates yesterday closed firmer compared with Tuesday's levels, in light trading. Overnight closed at BVi BH, up V 4 point from the previous close and week fixed at 8-3/16 8-1/16, unchanged. Three and six months closed at 8-3/16 81/16 per cent each, both up 1/16
      334 words
    • 85 8 S$ Interbank rates at 3pm yesterday: Otter Bid n.ght 4 13/16 4 3/4 1-month 5 3/8 5 1/4 2-month 5 1/2 5 3/8 3-month 5 5/8 5 1 /2 Overnight mode: 4 3/4 Discount Prices At yesterday's close Prices offered by discount houses on Nov 6 3-month Treasury
      85 words
    • 704 8 SINGAPORE THE US DOLLAR yesterday closed easier against most major currencies following heavy selling pressure from Japanese exporters and European banks, but remained above the day's lows on some late buying. The dollar closed weaker at 205.65/75 yen compared with New York's 207.00/10 close, but above its low
      704 words
    • 251 8 Interbank rates at 3pm yesterday: Cufrincici Nomina 1 rat** Smithaonian Bid Offer croaa parity change Local dollars to Qog unit of foreign currency: US doior 2 1145 2.1155 ***** -25 01 Sterling pound ***** 3 0431 7 3469 •58 63 Austrafcon doMor 1 3976 1 4004 ***** -5924
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  • Page 8 Advertisements
    • 169 8 Congratulations Best Wishes to the Government People of the USSR on their 68th Anniversary of the Great October Socialist Revolution from m m»nm xmvx Am (A member of Hwa Hong Corporation Ltd) 29, Jurong Port Road, Jurong Town, Singapore 2261. Tefc *****11 (4 Lines) *****11 Teiex: RS ***** OLINA, RS
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    • 128 8 Congratulations Best Wishes to the Government People of the USSR on the occasion of their 68th Anniversary of the Great October Socialist Revolution from SOUTH UNION CO (PTE) LTD 156 Cecil Street #05-01/02 F.E.B. Building Singapore 0106. Tel.- *****11/7 l: Congratulations to the Government People of the USSR on their
      128 words
    • 171 8 MING COURT HOTEL SINGAPORE Wine-in-Recipe Set Meals An Executive Special For Lunch and Dinner through November Beulefapd A choice of two appetizers that'll have you hungry for more. A main course of continental cuisine, specially cooked with wine. A delicious choice between two desserts. What a meal they make. Price:
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  • BANKING AND FINANCE
    • 510 9 Dealers divided over possibility of a sharp fall Reuter THE US DOLLAR'S fall below 200 yen is possible because the Bank of Japan is expected to continue intervention and upward guidance of yen interest rates to depress the dollar further, Tokyo foreign exchange dealers
      Reuter  -  510 words
    • 220 9 Reuter ECONOMIC fundamentals are beginning to look more favourable for the US dollar. Morgan Guaranty Trust Co, in a November report, said US money supply growth and interest rate declines this year "are breeding some pickup in economic growth, from an annualised 2.2 per cent these past
      Reuter  -  220 words
    • 497 9 FT THE FRENCH government is to set its monetary policy next year in terms of a wider definition of the money supply to keep pace with growing financial innovation in the economy. The move, announced on Tuesday by Finance Minister Pierre
      FT  -  497 words
    • 110 9 Reuter TAIWAN'S central bank has relaxed its foreign exchange controls by allowing local and foreign individuals to participate in forward foreign exchange transactions. A central bank official said the move would help ease the pressure of rising foreign currency reserves, which total a record US$2O.5 billion.
      Reuter  -  110 words
    • 373 9 Reuter BRITISH financial authorities see no evidence that the £2.1 billion October rise in bank lending need be countered by an interest rate rise, banking sources said. But they said the authorities were not completely clear about the reasons for the
      Reuter  -  373 words
    • 626 9 NYT TREASURY BOND yields have fallen to the lowest level of the year, causing credit market participants to take more seriously the possibility that bellwether 30-year treasury bond yields might soon fall to 10 per cent for the first
      NYT  -  626 words
  • Page 9 Advertisements
    • 211 9 Expand your sphere of influence, «> v-. irfsc^SMu# fl' A TwV. i £7 *sfc«M A* w y -xxr 1 -v X) «-v m w »HS? *SP itA %fe^kM^srfgmM iC\ 4 f Xl#7*-Ci7_.rf -fZiCFi:.<£"**l3 iifl Si Now with Bank of America your network can span over 75 countries, with superior technology
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  • FEATURES
    • 517 10 RENT CONTROL started in 1947 when the property market was booming. The last big clamour for its removal occurred in 1980/81, when the property market was also booming. Long before that, the situation had already undergone an ironic turnaround. Rent control was introduced to prevent landlords
      517 words
    • 1299 10  -  Former EPF head comes up with improved social security plan A provident fund-cum-pension plan for retirement ensures financial security in old age and it is structured to provide other benefits to the member and his family, Tan Sri Lee Siow Mong tells Economics Correspondent ZHOU MEI. ZHOU MEI
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    • 200 10  -  Letters to the Editor Qla Xiaesan Dear Sir Your report (BT, Nov 5) on the possible use of our offshore islands for disposal of rubbish is er, food for thought. It's not too far-fetched when you think of it, the distance notwithstanding. May I
      200 words
    • 522 10  -  Ng Soo Yeng Dear Sir Your article headed "Paper Box Cartel Stacking Prices" in your October 21, 1965, issue is most regrettable. Not only did the article contain a number of inaccuracies but it also indicated a lack of understanding of the industry. To
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  • Page 10 Advertisements
    • 145 10 SMHSWNf! The Chief Warden looks like he's about to break into song, now that The Belvedere's British buffet has started. It's on till November 30, 1985. The name of his song? "Get me to The Belvedere on time!* most likely. Because there are appetisers like Melton Mowbray Pie, Beef Wellington
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    • 15 10 U -M Tighten-up your game Let Sevvy Ballesteros show you how In BT every Tuesday.
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  • SPORTS
    • 382 11  -  By WALTON MORAIS NEGOTIATIONS are underway (or a group of French athletes, including Olympic medallists, to perform in Singapore next year. A local-based French concern is negotiating with Racing Club de France, an athletics association, to bring the French group here. The plan originally
      382 words
    • 664 11 Reuter SANDY LYLE in the British Open and the European team in the Ryder Cup illuminated the European golf circuit this year as the traditionally powerful Americans found victory hard to come by outside their own territory. Lyle's burst from the pack with a pair of
      Reuter  -  664 words
    • 412 11 AP A FIELD of 11 horses from seven nations, headed by Australia's Strawberry Road 11, was named on Tuesday for the US$4OO,OOO Washington, EXT, International at Laurel Race Course. The 34th running of the 2.4km turf race, with its purse increased by $150,000
      AP  -  412 words
    • 446 11 AFP NEW ZEALAND Rugby Union international Dave Loveridge has said the All Blacks were offered US$5B,OOO each to make a rebel tour of South Africa earlier this year. But the tour was finally killed just two hours before the players were
      AFP  -  446 words
    • 363 11 AP THE UNITED STATES, holding a 0-3 record in international team competition this year, played Australia yesterday in the first round of the new, fourteam Nissan Cup World Golf Championship. "It just shows what's going on in the rest of the world
      AP  -  363 words
  • Page 11 Miscellaneous
    • 1494 11 w mi) mm® COSMOPOLITAN THEATRE Rial (Part II) 9.00 pm, Channel 12 Riel's government tries and executes an English-speaking Canadian, thus arousing the ire of all English-speaking Canadians. A "peacekeeping" force of redcoats is sent out against Riel and his followers. Raymond Cloutier ia Louie Rial THURSDAY FEATURE SPECIAL French
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    • 705 11 CRYPTIC PUZZLE ACROSS 1 Might both of them be drunk' (6) 7 If you oren't now, you never will be (8) 8 Not the whole county, obviously (4) 10 Carve a form for po in the shed (6) 11 The best bit of rice m tms, perhaps (6) 14 Sick
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  • INTERNATIONAL STOCKS
    • 296 12 UPI BANKAMERICA CORP's loan problems are expected to continue to depress the bank holding company's performance in the final quarter. Some banking analysts are anticipating a fourth quarter operating loss for the company. But the sale of Bank America's Finance America unit should enable the
      UPI  -  296 words
    • 149 12 UPI US CARMAKERS are trying to court BMW into some sort of merger. Automotive News reported this week that General Motors, which has about US$7.B billion in ready cash to spend, has been BMW's most serious suitor, but that the German prestige carmaker would
      UPI  -  149 words
    • 300 12 UPI FOR THE THIRD TIME in five sessions, the US stock market on Tuesday set a record closing high. Although the blue chip index had been trading in plus territory since midday, a last-hour buying spree sent the Dow surging past its previous record
      UPI  -  300 words
    • 115 12 NOV OS c$ Hoimger Hud Bay 6* 50* Atxtfci 17* is unch Atcon 34* 18V* unch Argoen HkJgs unch 14* unch Bonk Mont Bonk Novo Scotia Bd Canada 14 42* 31* Lotolow B Mosvey Ferg Mc Bkxtt 22 3* 19* unch -W 33* Moteon A 19* Moof€ Cp 16*
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    • 194 12 NOV 05 loud Urwec Woohoonh 585 1200 unch unch INDUSTRIALS MININGS unch Anglos 3475 25 183 Anglvool AE And O Amaprop 400 -10 Hyyoors Butt eh 1575 7600 -25 -125 25 25 AMtC 2900 1090 unch 10 Com Gold 2700 unch unch unch 1025 25 De Beers 1535 -5
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    • 665 12 NOV 05 US$ Ale on AJurrwi AJcoo Alegheny Lud Afcfd Chem Cp AM Storm Afcs-Chatmers Am Brands kne Am Broodcast Am Can Co Am Cyonorrnd Am Elec Pwr Am Express Am Horn# Prod Am Motor* Cp Am Natural Gat Am Tel Tel Amox krtc Amerodo Hni AMF Inc
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    • 890 12 Amsterdam NOV 05 Ffc ABN 550 00 2 ***** 0.2 AhoAd 277 30 ■ft 3 129 30 35 AMEV 74 40 04 Amtos Amro Bonk 98 50 07 41 60 -1.3 BoK 481 00 ■1 Bur T«f ***** 5 Coftond M Mi| 145 30 03 F* 59 00
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  • Page 12 Advertisements
    • 540 12 US 1 M I r* O R Tr Specialized in: HONG KONG DIAN XIN CANTONESE CUISINE Business Hours: 11.00 am 2.30pm (Sundays Public Holidays: B.ooam 2.30pm) Dinner: 7.00pm 10.30pm PRESIDENT MERLIN HOTEL 181, Kitchener Road, > Singapore 0820. Td: *****22. Mississippi CATFISH Farm raised and grairv fed, this is an
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    • 104 12 London stocks, Pago 17 delightful daily buffet luncheon Feast on 40 delicious dishes. Menu changes every fourth day. At $14++ (adult) and $10++ (child). ORcSwn @WNCE hotel IN«APOMC ■Ijiuyd by rnncc rtoteM Mfttn Continuing the rrince Motels tradition of friendly service 270 Orchard Road. Singapore 0923. Tele*: RS ***** HCROWH.
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  • ASIAN STOCKS
    • 320 13 HONGKONG: Share prices closed slightly higher yesterday in moderate trading on selective buying interest following Tuesday's profit taking, brokers said. The Hang Seng Index rose 8.05 to 1,700.76, breaching the 1,700 barrier for the fifth time this year. Brokers said small investors' cautious approach and swift prof-it-taking this year
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    • 214 13 NOV 06 NT 2-72 •0.14 Lian Hwa Indus Nan Ya Ptos 13 80 28 40 1590 0 45 0 6 04 22.30 0.8 Pacific Elact 26 20 08 Wra 1370 02 45 50 -0.1 0 90 -0 04 Chan Loong 18 00 +0.4 15 40 Chm H«*i Camant Chwvo
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    • 240 13 NOV 06 Akoi Amodo Atoh Cham Avohi Gloss Bonk Tk Ym 1100 395 805 803 865 754 -10 -3 unch 19 -4 •24 Mitsub Chem Mitsub Elec Mitsub Estate Mitsub Heavy Mitsubishi Mitsui Co Mitsui Shipbldg Mitsui Smehrvg 512 346 1140 386 617 434 157 393 630 5 2
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    • 102 13 MANILA: Share prices closed generally easier in quiet trading yesterday, dealers said. Oils rose 0.007 to 0.830 while the Commercial and Industrial Index fell 1.74 to 174.30 and the mining marker eased 0.39 to 698 78. NOV 06 p„o, Onantal B 0 015 unch AcOf« Mnng Anglo Phi Phrfex
      102 words
    • 458 13 SYDNEY: Australian share arkets closed easier yesterday as high interest rates and the falling Australian dollar sapped investor confidence, brokers said. They said offshore interests were wary of the market as the local currency fell, while domestic investors were turning to the bond market and fixed interest securities as
      458 words
    • 72 13 NOV 05 Won 735 -IS Hyundai Corn? Hyundai Motor K/u 900 930 528 mh 11 2 710 Korea Fnt 760 unch Commercial Bk 754 559 -5 +6 Yukong KorooSho 1307 420 18 -5 506 -2 655 1 Dotwoo Ind 710 625 10 +9 Samsung Co Samsung Else 705 740
      72 words
    • 149 13 BANGKOK: Bangkok stock prices closed lower in quiet trading yesterday, the Securities Exchange of Thailand said. The Book Club Index fell 0.56 point to 130.72 and declines led advances by a five-to-two margin. Turnover dropped to 116,756 shares worth 27.5 million baht from Tuesday's 184,430 shares worth 32.9 million
      149 words
    • 55 13 Reuter SANDOZ AG said it was increasing to more than 50 per cent its share in its Japanese joint venture, Nisso Master Builders K K. Its partner, Nippon Soda K K, would retain a minority share in what is Japan's leading company making chemicals for
      Reuter  -  55 words
    • 422 13 Reuter JAPANESE securities firms are making a major push to expand their US government bond business in an effort to gain approval to operate as primary dealers, according to bond market sources. The two largest firms, Nomura Securities International Inc and Daiwa Securities America
      Reuter  -  422 words
    • 122 13 AP TANDON CORP, a manufacturer of computer disk drives, has lost a crucial decision in a year-long pa-tent-infringement case against Mitsubishi Electric Corp of Japan. US International Trade Commission judge Sidney Harris said Mitsubishi did not pirate diskdrive technology from Tandon, lawyers for the companies
      AP  -  122 words
    • 166 13 AFP SANKYO SEIKI, Japan's leading precision instrument manufacturer, now has 61.76 per cent instead of 52.5 per cent of its capital owned by what it terms stable shareholders, a move designed to stave off an "unfriendly takeover" from its chief shareholder Minebea, the world's
      AFP  -  166 words
    • 93 13 UPI BENGUET CORP, the largest gold-mining producer in the Philippines, has reported a third consecutive quarterly loss mainly because of low gold prices. Benguet reported a net loss of US$l.6 million, raising total net losses over the first nine months of this year to
      UPI  -  93 words
  • Page 13 Advertisements
    • 561 13 Wbere to wine. and eatortalii r mi The start of an experience so authentic yet unique Opening Hours: Lunch: 11 a.m. to 3 p.m. Dinner: 6 p.m. to 10.30 p.m. KINTA-MANI r.i U'r'T Catch the good feelings/ The Tavem Show Bar is proud to present the charming V w uet
      561 words
    • 140 13 ft*At COFFEE GARDEN...^ 24-HO HONG KONG DIAN XIN, NOODLES AND CONGEE. SPECIAL ROASTS* AVAILABLE TOO! Also available round-the-clock are delectable local and continental cuisines. < m m 'Available from Ham 3pm 6pm llpm Set Breakfast Specials of Porridge Dian Xin available t t i MlffffWll MO I*l l! 1 19
      140 words

  • RAW MATERIALS
    • 347 14 UPI THE International Tin Council's 16 creditors have criticised most ITC member governments for not taking an active role in finding solutions to solve the crisis that has forced the London tin market to close. Sir Adam Ridley, the spokesman for the 14 banks and
      UPI  -  347 words
    • 451 14 AP Reuter PRESIDENT SUHARTO yesterday ordered his aides to step up the promotion of coffee exports, including sales to non-members of the International Coffee Organisation, despite the ICO's attack on this policy. Information Minister Achmad Harmoko said the instruction was given in a
      AP; Reuter  -  451 words
    • 179 14 WHEAT FUTURES on Tuesday closed IV* to V* cents a bushel lower in fairly light activity. December traded in a 3V* cent range. The losses in wheat came despite gains in corn and soybean futures, as wheat futures appeared to be overbought after last week's price rise. Further pressure
      179 words
    • 190 14 SOYBEAN FUTURES on Tuesday rallied to close six to three US cents a bushel higher on the Chicago Board of Trade. January ended near the top of a 6 V« cent range. Relatively tight cash supplies in soybeans and corn, as farmers remained reluctant sellers of the new crop,
      190 words
    • 123 14 Reuter INTERNATIONAL Natural Rubber Organisation (Inro) delegates have agreed on April 7 to 25, 1986, as dates for the renegotiation of the International Natural Rubber Agreement (Inra). According to Inro sources, member states informally agreed on the dates offered by the United
      Reuter  -  123 words
    • 180 14 Yarn (In HK$ per bote of 400 ft) China corded yarn, cones Blue Phoenix 16's 2,450 Blue Phoenix 20'* 2,600 Blue Phoenix 32's 2,950 Blue Phoenix 4C$ 3,300 Carded yarn, honk Blue Phoenix 21's 2,750 Combed yarn, cones Blue Phoenix 32't 4,300 Blue Phoenix 40*s 4,500 Open-end yam Blue
      180 words
    • 817 14 COFFEE ROBUSTA FUTURES on Tuesday traded nervously, with the market lacking definite news to focus on for direction, and contracts closed £1 a tonne above to £46 below on Monday night. Dealers said prices hit session highs in the afternoon, in line with an initially higher trend in
      817 words
    • 213 14 SINGAPORE THE MARKET yesterday closed higher with December One RSS buyers quoted at 157.25 cents per kflo, up 1.25 cents from Tuesday. The morning session gained L5O cents on some buying support and shortcovering interest following an Inro council statement saying rubber producers agreed to )oin consumers in financing
      213 words
    • 149 14 Chtntn Produce Exchange (Setters' noon dosino prices on Ho» 6 (SS/100 kg) Coconut oil Bufc FOB 75.00 Old drum FOB 88 00 Now drum FOB 92.00 Copra Mixed (loose) 40 buyers Poppor Muntok White FOB NLW 1027 50 Sarawak White FOB faa NLW 1017.50 Sarawak special black FOB
      149 words
    • 275 14 Singapore (S$/k*>, n-fode* ■n i i crop 1st 076 2nd 054 3rd 052 New Crop 25% no stock '10% no stock Thai Broken A-super 054 Speciol 052 Thai Rico 55% no stock China Rici 10% no stock 15% 072 25% no stock 35% no stock Thai Boilod Rica 5%
      275 words
    • 291 14 RAS prices m S canti/kg, F08 in k «l» NOON CLOSC tnt 1 RSS Prompt 156.00 I57.00N ***** I57.00N Int 1 RSS D«c 85 157 00 157 50 157 25 157.75 Int 1 RSS Jon 86 157 75 158 25 158 00 158 50 Int 2 RSS
      291 words
    • 10 14 /jjk KL TIN SSSr*"-*-' £nc« Suspended \jggk Turnover (tonnes) Suspended
      10 words
    • 102 14 (cMtt/kg, 1-ton DEC 85 JAN 86 (cwrrM it month) (forward month) NOON NOON RAS •wren J»HTI l uttl Stilt n SSR 20 145 00 147 OON 146.00 148 OON SSR SO 143 00 145 OON 144.00 146 OON MRELB tur n |uy ra Jflllr} SMR CV 200
      102 words
    • 207 14 THE Malaysian crude palm oil market yesterday closed easier on continued selling in anticipation of a surplus for the current month following reports of higher CPO production in October, coupled wtth lack of further overseas demand, dealers sskl. Trading was quiet. November deliveries in the central region dropped
      207 words
  • Page 14 Advertisements
    • 39 14 m ■at I v ■■*>?* •> >d^7> ar ««<u 6 d^e ae c _rt«f 1) nC* Hotel Equatorial. Tel: *****31. W 4th storey. World Trade Centre. Tel: *****28. U_—— 6th storey, UIC Bldg, Shenton Way. KAMPACW Japanese Restaurant y /tar#/ €yiuiraria/
      39 words
    • 192 14 Cri—i Strew^i U«*ffni«ij KMk.*TWI39BaL3HPT" j*>-" We've got to hand it to Singapore's executives. Succcssful executives who want to get ahead in business, start by keeping up with The Asian Wall Street Journal. With your own subscription to The Asian Journal, you'll get important business news and information from throughout the
      192 words

  • SHARE INFORMATION
    • 4333 15 THE SINGAPORE stock market continued to be weighed down by the selling pressure faced by Malaysian shares yesterday resulting in a mixed finish. Buying continued to be focused on Singapore blue chips. The BT Composite Index rose 2.88 points to 662.64 and the
      4,333 words
    • 286 15 SINGAPORE Rises Indicaa Ayae Hitom Tin 700 M F Hldgs 50< 336 H Laong Crmdrt 675 OUI 290 0 C C 875 F N 680 M Imm 610 U 0 8 378 Straits Trodana 298 Grond Utd HUs> 160 Kiaa Joa 50< 290 S f H 675
      286 words
    • 4117 15 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".
      4,117 words
  • Page 15 Advertisements

  • COMPANY NEWS
    • 149 16 LUM CHANG HOLDING8 has confirmed BT reports that it is considering the takeover of Active Butldihg k Civil Construction (Pte) Ltd. Lum Chang is currently reviewing the status and viability of Active's hotel project in Tianjin, China and the liabilities of its subsidiaries, completed construction projects and existing
      149 words
    • 2663 16 BID and otter 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. MDUSTRMLS A Choc (3026 3.045) (10) 3.02 (2) 3 04
      2,663 words
    • 551 16 SHARE prices closed slightly easier 011 a broad front on the Kuala Lumpur stock market yesterday but tin issues attracted some interest and rose on fresh support. Observers said the buying interest arose from news that some 16 creditors were making efforts to save the tin
      551 words
    • 718 16  -  THE MONTH THAT WAS J By RAMESH CHANDIRAMANI OCTOBER PROVIDED investors with many exciting opportunities to pick up some trading gains. But loaded with profit potential it was not. The presence of a whole new list of Malaysian hot stocks kept the market buoyed
      718 words
    • 201 16 THREE Malaysian-based companies have Joined forces to set up a company in Hongkong to market their wide range of products in the colony as well as in China. The Joint venture, called Samtah Co Ltd, has an authorised capital of HK$5
      201 words
    • 106 16 HONGKONG Hong Seng Index Wednesday 1700.76 Tuesday 1692.7) Week ago 1654 68 TOKYO Nikkei Average Wednesday ***** 00 Tuesday ***** 69 Week ago ***** 66 TSE Index Wednesday 1022 25 Tuesday 1019 38 Week ogo 1023 34 SYDNEY All Ordinaries Wednesday 1006 48 Tuesday *****0 Week ogo 1028
      106 words
    • 273 16 Monog«rs' prices for Nov 6 Singapore Unit Trust The Commerce 1 66 1 76 The Sovngs Fund 1 26 1 34 S'pore Prog Fund 0 71 0 75 S'pore Sec Fund 1 05 1 11 S'pore Invest Fund 0 78 0 83 S'pore Equity Fund 0 75 080
      273 words
    • 56 16 HUME INDUSnUEB (Malaysia) Berhad: 26th AGM at the Conference Room, 14th Floor, Bangunan Hong Leong, 117 Jalan Bandar, Kuala Lumpur, today at noon. AUSTRAL Amalgamated 11b Berhad: 46th AGM at the Conference Room, Malaysia Mining Corporation Berhad, 39th Floor, Menara PNB, 201A, Jalan Tun Razak, Kuala Lumpur, Malaysia
      56 words
    • 157 16 Reuter WORMALD International Ltd has advised shareholders to take no action on Sunshine Australia Ltd's AH 00 a share takeover bid pending clarification of the offer conditions. The board, which met in Sydney yesterday, said it considered the offer price fair and reasonable in the absence
      Reuter  -  157 words
    • 583 17 mob mm*» By HOCK LOCK SIEW ROTHMANS OF PALL MALL (M) Bhd and its merchant bankers must win first prize for the most equitable restructuring scheme yet proposed under Malaysia's New Economic Policy. The terms of restructuring are unique in that no single group benefits
      By HOCK LOCK SIEW  -  583 words
    • 434 17 MALAYSIAN AIRLINE System (MAS), which held the balloting of its much-vaunted public issue yesterday, has fixed Dec 9 for its debut on the Kuala Lumpur Stock Exchange. The 105 million shares offered at Msl.Bo each, which opened on Sep 30,
      434 words
    • 975 17 STEADY institutional support yesterday pushed equities higher, with the continuing surge on Wall Street further helping underpin prices. Severe stock shortages also tended to exaggerate price movements. The FTSE 100 share index was 1.4 points at 1394.1, but slightly below the record 1395.9 set during Tuesday's session. Glaxo
      975 words
    • 379 17  -  By NAJEEB JARHOM KEPPEL SHIPYARD'S fastgrowing industrial engineering division has succeeded in penetrating the highly-competitive US market. The two-year-old division has just completed a $6-million project for the supply of steel structures to the 3&storey Louisiana Land ft Exploration Tower in New Orleans. The
      379 words
    • 490 17  -  Purchase to be financed by internal reserves and borrowings By CHAN OI CHEE THE LOW YAT group is injecting one of its hotels into its listed vehicle, Mount Pleasure Holdings (formerly Textile Corp), in exchange for MJ72 million cash. Mount Pleasure said in
      490 words
    • 272 17 MR MICHAEL TAN Yeow Khoon, the Malaysian businessman who is being sued by AlfaPacific for $7.15 million, has resigned as a director of Malaysia Borneo Finance Corp (M) Bhd. MBf Corp is the finance associate of MBf Holdings Bhd. The resignation took
      272 words
  • Page 16 Advertisements
    • 242 16 NOTICE NOTICE IS HEREBY GIVEN that, I, An* Chin Liong of No. Blk 202, Jurong East St. 21 #01-111 Singapore 2260 have applied for a Retail Beer Shop Licence in respect of premises at M/s. Ang Chin Liong Trading Co. Blk 202, Jurong East St 21 #01-111 Singapore, and that
      242 words
    • 238 16 NOTICE NOTICE IS HEREBY GIVEN that, I, Ho Lai Chun of Blk 135 Bedok North St 2 #10-127 Singapore 1646, have applied for a Retail Beer Shop licence in respect of premises at M/s Sunrise Mini Mart No. 19 Amber Garden #01-19 Singapore 1543, and that this application will be
      238 words
    • 240 16 NOTICES VANLEY GARMENT (PTE)LTD (lMwrparatod la the OF MEETING OP CREDITORS NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act, Cap. 185 that a Meeting of the Creditors of the abovenamed Company will be held at 593 Havelock Road. #02-01 Teck Huat Chambers, Singapore 0316, Immediately after
      240 words
    • 274 16 IN THE MATTES OF THE COMPANIES ACT, CAP. IK AND IN THE MATTER OF GLOBERLEY (PTE) LTD (iMwpmM la Slagapare) (In memben' vitaaUry winding op) At a general meeting of Globerley (Pte) Ltd duly convened and held at 116 Middle Road #08-01, ICB Enterprise House Singapore 0718 on 4 November
      274 words
    • 279 16 IN THE MATTES OF COMPANIES ACT, CAP. IK Pirsuat to Seett—2M(2)(k) AND IN THE MATTES OP DAN PI ESSE PTE LTD At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 10 Anson Road, #17-07 International Plaza, Singapore 0207 on Thursday, the 31st day of October,
      279 words

  • Page 17 Advertisements
    • 99 17 VISITING HONG KONG? CHARMING YOUNG LADIES as escorts and guides for tourists and business visitors. PLEASE CALL HONG KONG 3-*****3 COMPUTER AIDED INVESTMENT DECISIONS f|j The Share Market Analyser the most advanced investment software tool for the IBM-PC/XT. Plot and analyse stock market charts quickly and simply. Point Figure 200
      99 words
    • 279 17 I 1 Here's how you can reach 660,000 top officials. INTERNATIONAL TRADE NEWS Singapore Supplements December 31 January 29 February 26 If China is your market, then it matters very much how well their decision-makers know about you. International Trade News (UN) can be your communication link with Chinese policymakers
      279 words

  • 268 18 Reuter BY THE BIGGEST MAJORITY in seven years, the UN General Assembly on Tuesday night called for the withdrawal of all foreign forces from Cambodia, occupied by Vietnamese troops since December 1978. The vote on the resolution, similar
    Reuter  -  268 words
  • 89 18 MORE THAN 1,600 Indonesian oil workers have been sacked for alleged links with the banned Indonesian Communist Party 20 years ago. The state oil company, Pertamina, yesterday said that the sacked workers would receive redundancy payments according to service but were banned from working in
    89 words
  • 241 18 Reuter JAPAN Mil probably import more petrochemical products than it exports this year for the first time since the early *****. Industry sources attributed the changing balance partly to cheaper foreign products and the domestic petrochemical industry's increasing uncompetitiveness. The yen's recent appreciation against the
    Reuter  -  241 words
  • 94 18 THE FRENCH Defence Ministry welcomed a US decision to purchase a French military communications system in spite of intense lobbying for a competing system by British Prime Minister Margaret Thatcher. The ministry issued a statement yesterday saying that the US Defence Department's deci- sion on Tuesday
    94 words
  • 576 18  -  Redas expects benefits to accrue in the long run By JEFFREY TSANG THE POSSIBILITY of an amendment to the Rent Control Act is being welcomed by property developers, but they do not expect any short-term benefits. "Even if it is repealed, to put it into effect
    576 words
  • 322 18 A DOCK GATE weighing 800 tonnes and two ambulances were some of the items going under the hammer at the Mitsubishi Singapore Heavy Industries auction yesterday. While the dock gate is now being negotiated under private treaty sale, the two ambulances have found new
    322 words
  • 108 18 Reuter BUSINESS has virtually ground to a halt in Burma following the government's surprise withdrawal last Sunday of high-denomina-tion kyat banknotes. Planning and Finance Minister Tun Tin, in a parliamentary speech released yesterday, said that 100kyat (U5512.51), 50-kyat and 20-kyat notes had been cancelled
    Reuter  -  108 words
  • 89 18 Reuter SOUTH KOREA hangs dogs and boils cats alive, charged animal lovers yesterday, and said they would campaign for an international boycott of Korean products unless the practice stopped. Brian Davies, head of the 500,000-member International Fund for Animal Welfare, said in Seoul
    Reuter  -  89 words
  • 424 18 Reuter HONGKONG'S electronics industry, stung by slack demand in the US telecommunications and personal computer markets, is not likely to recover in the near term. According to securities analysts, the profits of most publicly traded electronics firms are likely to continue to fall until at
    Reuter  -  424 words
  • 171 18 AP INDIAN Prime Minister Rajiv Gandhi says he does not identify with any religion, group or region and having a "very broadbased mind" is one of his major strengths. "I think an open mind is really a major plus point," Mr
    AP  -  171 words
  • 99 18 Reuter COMEX GOLD FUTURES yesterday lost an early rally of US$O.6O made on scattered buying from a weak dollar. Gold for December delivery was off 0.30 at $325.90 an ounce after reacting from a high of $326.80. Analysts said London-based traders and the US commission house Heinold sold
    Reuter  -  99 words
  • 62 18 Reuter THE NEW YORK stock market moved higher in early trading yesterday, making its assault on the 1400 level soon after the opening bell. The Dow Jones Industrial Average was up more than four points to 1401. The all-time closing high was 1397 on Tuesday. Advances led
    Reuter  -  62 words
  • LATE FILE
    • 49 18 UPI PRESIDENT Ferdinand Marcos yesterday ordered Cabinet officials to negotiate with opposition leaders on legislation needed to "legitimately" call a snap presidential election in January. The move was the second in as many days to address opposition demands that the elections be credible. UPI
      UPI  -  49 words
    • 38 18 UPI US SECRETARY of State George Shultz yesterday left Moscow and said his two days of talks with Soviet leaders marked a change in atmosphere that may be important at the Geneva summit. UPI
      UPI  -  38 words
    • 44 18 UPI CHINA yesterday admitted infanticide has been among the inevitable "shortcomings" of its birth control programme, but said Chinese who kill their babies will be severely punished. But Foreign Ministry Spokesman Ma Yuzhen declined to specify the punishments. UPI
      UPI  -  44 words
    • 45 18 Reuter MORE than 120 Indonesian businessmen will visit Beijing next week to try to boost trade with China during a major fair. Antara News Agency said the mission follows an agreement between the two countries in June to reopen trade ties.
      Reuter  -  45 words
    • 42 18 Reuter ITALIAN Prime Minister Bettino Craxi won a convincing vote of confidence in the Chamber of Deputies (lower house) yesterday. The vote effectively ended a threeweek government crisis arising out of the Achille Lauro hijacking last month.
      Reuter  -  42 words
    • 41 18 Reuter JAPAN Air Lines' passenger traffic has dropped by one third since a jumbo jet crash in August which killed 520 people. He airline will take two years to recover, JAL director Akio Nakamura said. Reuter
      Reuter  -  41 words
    • 36 18 AFP NEW YORK City Mayor Edward Koch, who was overwhelmingly re-elected mayor of the largest city in the US on Tuesday, says he wants to hold the Job "forever". AFP
      AFP  -  36 words
  • Page 18 Advertisements
    • 0 18 '^;}%]&:'^>(<<<(>"\@!~]*&})^@&)
      0 words
    • 90 18 LMctor, Pag* 10 Hertz costz upto 50% less. Ask for the Hertz Daily Special (On selected models, subject to availablity. For use in Singapore only.) Below 1600 cc models: 1600 cc models: 2000 cc and above: $49.90 per day $79.90 per day $99.90 per day Includes unlimited i!"Tj mileage, insurance,
      90 words
  • Page 18 Miscellaneous
    • 61 18 Outlook for todoy: Showers over o few oreos in the morning ond over several oreos in the afternoon. Report for 24 hours prior to 7 30pm on Nov 6 at the airport: Maximum temperature 31.5 Associated humidity 66 Minimum temperature 23.8 Associated humidity 97 Hours of sunshine 2.65 Rainfoll in
      61 words

  • SHIPPING TIMES
    • 468 19  -  By LINDA CHEE PANAMA'S maritime authorities have appointed a marine surveying company to manage the new examination system in Singapore. The company, Impact Marine Services, has for the past six months been conducting annual safety inspections of Panama flagships in Singapore. The relationship is understood
      468 words
    • 136 19 JAPAN'S largest shipbuilder, Kurushima Dockyard, has plans to take over fi-nancially-stricken engine builder Kobe Diesel. Kurushima was the only major Japanese shipbuilder without its own engine building capacity. Kurushima also plans to acquire Shimoda yard, a builder of medium- and small-sized vessels. The acquisition
      136 words
    • 125 19 UPI PRESIDENT REAGAN has asked the US Senate for quick ratification of revisions to a 1969 oil spill treaty that would increase compensation to Americans for damage caused by foreign ships. The 1984 revisions would raise maximum liability and compensation levels by about
      UPI  -  125 words
    • PORTSIDES
      • 120 19 AP ALTHOUGH heavy rains and winds have hindered repairs on a damaged canal lock, officials stuck to their timetable for yesterday's reopening of the St Lawrence Seaway. On Tuesday, seaway authority officials began lining up some of the more than 120 ships idled by the
        AP  -  120 words
      • 124 19 Reuter THE FAR EASTERN Freight Conferences said the currency adjustment factor (CAF) for France will now be plus 4.35 per cent, including a European Area Differential (EAD) of plus 3.35 per cent, from minus 3 per cent previously. The new CAF result without the EAD would be
        Reuter  -  124 words
      • 82 19 Reuter HELICOPTERS yesterday evacuated 140 workers from an oil support rig that lost four of its eight anchors in the North Sea as storms lashed the British coast. Lifeboats and helicopters were also called out to several vessels which ran into trouble as winds reached 60
        Reuter  -  82 words
    • 1202 20 ACTIVE CHARTERING of vessels to make timecharter trips from South Africa to the Continent and to Japan featured an otherwise dull freight market on Tuesday, shipbrokers said. This business included three 26,000 tonners bound for the Continent at $3,300 to $3,500 daily and a 23,000 tonner from South
      1,202 words
    • 759 20 Cargonews Asia PORTS IN THE US south-east are benefiting from a gradual but certain shift of industry from the north-east to the "Sunbelt". This fact has not escaped the attention of ship operators, most of whom have made certain that
      Cargonews Asia  -  759 words
    • 958 20 ARGENTINA Oct 22 Buenos Aires 23 vessels berthed. Rosario 6 vessels berthed, 2 awaiting. San Lorenzo 3 vessels berthed. San Nicolas 2 vessels berthed, 2 awaiting. Nechochea 2 vessel bethed. 1 awaiting. Bahia Blanca 2 vessels berthed, 4 awaiting. AUSTRALIA Oct 23 Queensland—Cairns, Mourilyan, Cape Flattery, Townsville, Mackay,
      958 words
    • 706 20 AB Shpg V 5 Afeo Line VI 3 Alpha trons X 4 Anro Service IV 3/4 ANL 1 1/2 APC Line V 4 APL III 2/3 ASCL M 1 Balt-Canada Line VII 4/5 Bait-Orient Line VN 4/5 Bank Line V 5 BBS N 4/5 Bayswater Shpg IV
      706 words
    • 202 21 THE WORLD BANK will lend about US$5O million to the Philippines to develop and rehabilitate about 11 ports. Captain Maximo SDumlao, an official of the Philippine Ports Authority (PPA), told Business Day that the ports involved were Calapan, Nasipit, San Jose, Pulupandan, Tagbilaran, Surigao,
      202 words
    • 385 21 GREEK DRY BULK TONNAGE operators would have a better chance of survival in changing world markets if they are prepared to adapt, says ship owner Basil Papachristides. Greek operators have characteristically depended on good luck, natural shrewdness or predatory instincts rather than scientific
      385 words
    • 432 21 UPI AN IRAQI warp lane fired a missile into a Greek supertanker in the Persian Gulf on Tuesday, ripping a hole in the ship's hull and setting it ablaze with 16,000 tonnes of oil aboard, Lloyds Of London said. No casualties were
      UPI  -  432 words
    • 228 21 Nov 5-8 Ocean carriers' rights and liabilities, Lloyd's of London Press seminar, The Royal Horseguards Hotel, London. Nov 7 What maritime future for Britain, meeting, 1800 hours, Royal Institution of Naval Architects, 10 Upper Belgrave Street, London SWI. Nov 9 Marine Pilotage national and regional considerations, Nautical Institute
      228 words
    • 189 21 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.
      189 words
    • 99 21 Reuter HONGKONG port continues to chalk up healthy increases in tonnage and cargo throughput. Figures released on Tuesday by the colony's Census and Statistic Department showed that 3,332 ships totalling 19.1 million nrt arrived in the second quarter, 14 per cent or 409 ships more,
      Reuter  -  99 words
    • 5050 26 QOiMDIIEB A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      5,050 words
    • 700 27 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Iris Ace 12B 07.11.85 2300 Sunship F1 1300-1500 P5 Hamburg Exp 71/483 08.11.85 0300 Segani F1 1000-1100/1800-1900 G1 1100-1200 J1 Sea Glory 8545 08.11.85 0700
      700 words
    • 1626 27 The leading shipping lines operating from local ports and their agents. A-B A Top Enterprises Pte Ltd Some (S) AB Shipping Bousteod Shpg Agencies Ateo Lute Afncon Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceonus Shipping gencies (S) Multiport Sdn Bhd (PK)
      1,626 words
    • 717 28 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Barbu Hector Equator 5 San Juan Straits Hope Thomaseverett Unison 4 Bonastar 2 Honoi 1 Hetian Johneverett Kkti Soon Li Kota Beriaya Mataram Ned Barcelona Raiah Brooke Str Venture K9 K23 Kll K24E K2I K36 K36 K20
      717 words
  • Page 19 Advertisements
    • 1004 19 Monthly from Pitman Available at all good bookshops and newsagents Orient Overseas Comlomka. Line: Agents: HHOK SWPMG MDIOES (1« M2IM/M) 70 Sktnlon Waj *0403 Mama How Smfjpoft 0707 Id *****11 IHo NO RS ***** CFS OFFICE IPC #03 079 Id *****31 2220(3) Te.rn.rH Ottict IPC #03 030 Id *****90/*****93/*****01 PETAIMG
      1,004 words
    • 72 19 HCMPB PORTS in the US south-east are benefiting from a gradual but certain shift of industry from the north-east to the "Sunbelt". Page II GREEK dry bulk tonnage operators would hove a better chance of survival in changing markets if they are prepared to adapt. Page 111 Index to odvertisers
      72 words
    • 1410 19 A hard look at what it will take to succeed in business for the next 20 years With turbulent times ahead. forewarned will be forearmed $22.00. *1 MAERSK LINE FASTEST TRANSIT TACOMA TO: SMGAPORE 19 DAYS PORT KELANG 22 DAYS PENANG 23 DAYS F# d#r Jung P,nanfl Vhml Voy IS
      1,410 words

  • Page 20 Advertisements
    • 502 20 fTCf F fmTT7 YAMASHITA-SHINNIMON LINE JLiJLAyIJCi CONTAINER SERVICES Atlantic/Canada Faadar at Koba immt vsl hub sjon KSO M. 30/1? a/12 1/1 KBO M 30/12 21/12 1/1 YASMMA M 1/1 1/1 11/1 TOMB R 11/1 IC/1 USA/CANADA Feeder 111 m N if Mother VSL MIS ltd SW 9d In fort S
      502 words
    • 333 20 HP Supercarrier Service Vessel N ROUtN BARBER TEXAS N ROSARtO BARBER PCHStUS N ROCHESTER ir arar-aL.?-I**l ARRIVALS N ROSAKW 7/11. BARBER HECTOR 7/11. N ROCHESTER 26/11. BARBER TO6A 27/11 N ROTTEROAM 17/12 BARBER TAMPA 17/12 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA VflMl BARBER ttCTOR BARBER TOBA BARBER
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  • Page 21 Advertisements
    • 1098 21 I™ J The Straits Steamship Group Overseas Containers Limited CONTAINERSHIP SERVICE TO UK/CONTINENT FRANKFURT EXPRESS HAMBURG EXPRESS OSAKA BAT BREMEN EXPRESS BENAVON HONG KONG EXPRESS BENALDER an or eombukh FRANKFURT EXPRfSS HAMBURG EXPRESS Abo Accepting Cargo Pof: Hantari to CoporiM|M. Ajrfak Gottwntwi Rotterdam to Antwerp. Amsterdam Odo Brtmerdu»en to Bremen
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    • 676 21 Franco Belgian Services {f+r IJJ. F*r*ck %4rrv4 £#/wiw /ar £u»Lrm I. insJ) (MEMBER OF ACE CONSORTIUM! COWTAIWR SERVICE TO EUROPE cowmw service from europe S PORE P.KEIANG If Har.e R dam F Stoae Ham B'Ha.en Ant C» PARIS Saied (04 Ne.) 25 Ho. 26 No. No. 30 No. 01 Dec
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  • Page 22 Advertisements
    • 459 22 Hapag-Lloyd TO CONTINENT/UK EXPORTS On carriaie to Scamfnavia, Med, Carribean tS. America Inland haulage to inland destinations in Europe I TO EUROPE/MED S port PKeiangPenangLeinesßiiao Genoa Hburg R*am Bharen Awtrp Bertram Ibckmers 9/11 U/ll 14/11 t/12 14/12 1/12- Etha Ibckmers 2S/U 1/12 3/1 27/12- Peter Ibckmers 4/12 S/12 1/12 5/1
      459 words
    • 418 22 K.S.line FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ T A Member ot the Ace Consortium Spate PKctoiif LeHant frdam fstone Hbwf Antwerp HONGKONG CONTWNER 47W 13/11 <11/11) 212 312 5/1? M? 10 1? ORIENTAL CHEF 46W 20/11(18 11) 912 10/12 12/12 14 12 17/1? KOREAN JACEMN 31N 2//11 (ft/11) 16-12
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    • 640 22 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) Tl R*****1 A R*****2 It i:\STl:u\ \K \A\VM. LTD. Specialist in RO/RO Service Acceptint heavy-lfts upto 80 K/Tons Saings from Japan Spur* PKet«if Kuc SKI MATSUTAMA *37 faM Safed to t SEKI KOCH ¥37 Sated ki Port HMMCf MARU <70
      640 words
    • 608 22 o EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound Service (FE/EURO/USEC/CARIB/FE) SST H> FU ROM ANN U« NYC NFK CHS KSN TTO EWR GENTU 11/11 21/11 1/12 J/12 5/12 8/12 7/12 15/12 17/12 19/12 22/12 M/ 01 EVER GRACE 17/11 27/11 1/12 11/12 12/12 13/12 14/12
      608 words
    • 315 22 US I NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Singapore Loadnf for 15/11 B. Abbas B. KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC SPORE PKriant loadnf for: OCEANIA COURIER 10/11 P. Moresby. Lae. Wfewak, Jayapura. Rabaul, Kieta. Aiotan. Madan{ Kimbe KYOWA BREEZE 18/11 Honiara,
      315 words

  • Page 23 Advertisements
    • 1028 23 V\v VESSEL KOTA RATU KOTA SEJATI KOTA AGUNG KOTA TIMUR KOTA WIJAYA KOTA WIRAMA VESSEL CALV KOTA SALAM KOTA WARUNA KOTA SEGAR KOTA ABADI KOTA RAKYAT KOTA PELANGI KOTA ANGKASA KOTA BERJAYA VOYAGE E-597 E-591 E-593 E-595 E-599 E-601 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106
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    • 852 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE HAM B HAVEN RDAM HAWK STON Namtourj Eipress Saied Saded Saded Saded Saded Osaka Bay Saied Saded Saded Sated Saied Bremen Eipress Saied Saded Saied Saded Saied Rwama Mara Saied Saied Saied Saied Saied Btnaron SaM Saied 7/U 9/11
      852 words
    • 535 23 DJAKARTA LLOYD INDONESIAN NATIONAL LINF FAR EAST TO/FROM S PORE CONTAINER SERVICE HSMt rCKOHAMA KOBE MOHSUNG HK SPORE CON* vn 21/10 26/10 2i 10 1/11 3/11 1/11 S PORE TO JAKARTA/SURABAYA CONTAINER SERVICE SS WEST BOUND TT?0« MA TAP AM VI3NB In Pari PAIEMBANG VJNB 12 14/ SRIWIIATA VISN6 2130
      535 words
    • 614 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loadng for Ranfoon Spore Htoneywa V2O6W 12/14 Nov Phashwejyawywa V26OW 15/17 Nov Pagan V92W 21/23 Nov Pa-an 28/30 Nov P.Ke(anf Penanj BANK LINE EXPRESS SEH-CONTAfER SERVICE TO UK/C( SPORE R'DAM HULL HMBG FORTHBANK 11 Nov 7 Dec 14 Dec 11 Dec
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  • Page 24 Advertisements
    • 1684 24 K LINE —KAWASAKI KISEN KAISHA, LTD. ECUADOR/PERU/CHILE FEEDER VSI MOTHER VSI SM*E PKLG PNG SPORE NAGOYA GUAYAQUIL CAIIAO AJNCA IQWQUE AEACASTA S ANTONW VALPARASO lOHORE BRIDGE *49 SEA EXPORTER V7llB 3 Nov 4 Nov 6 Nov 8 Nov 27 Nov 25 Dec 2l* 6 lan 7 Jjn I bo 11
      1,684 words
    • 682 24 AUSTRALIA EXPRESS CONTAINER SERVICE^ Accepting FCL/FCL Containers t fcrljf* flinwvTv^r -^porf™ ""l M«t fr«n S»4n Also Adepts I iflM V*Si« S port KAB*DAS No. MIBUS No. RAWDAS No. RAMDAS S Otc CHAIODAS II Dec 24 Not SD«1 Dec 23 Not 13 Dm 22 Dec 20 Dm 20 Dec 27 Dec
      682 words
    • 616 24 GOLDEN LINE GUAN GIMN SHIPPING (PTE) LTD K«anf lunf Prorncial Bat* BtMnf M Ctci Street SMttPOM 0104 TEI *****90 (10 IMS) P Ket»i( 03-3179(1 Penjnf 04(***** Paw God v>j A,«nl OMENT LIOTO (M) SON BtO TEL 07-*****0/1 STRAITS/PERSIAN GULF SERVICE: GOIOIN CITY Colombo Karachi Mina Qaboos Dub* Banrairi GOIDCN HAVEN
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    • 326 24 INTRASEA (PTE) LTD 10. Anson Road »27 16 Internationni P'a/a Singapore 0207 Tel *****1 1 11 0 L<nesl <► BREAKBULK SERVICE TO EUROPE/UK P.T PERUSAHAAN PELAYARAN T KALIMANTAN DIRECT WEEKLY SERVICE TO JAKARTA/TG. PRIOK Vessel ETA/ETD NUGA XXI Voy 24/85 9/10 No* NUGA XXXXI Voy IS/S5 12/13 Nov NUGA XXI
      326 words

  • Page 25 Advertisements
    • 648 25 NOL NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A member of the ACE Consort STRAITS/AUSTRALIA RO-RO CONTAINER SERVICE A member of the Anro Consortium TPA CONTAINER SERVICE I TO/FROM NORTH AMERICA PACIFIC COAST ALSO ACCEPTING LCL CARGO TO LONG BEACH, OAKLAND, VANCOUVER SEATTLE TO/FROM NORTH AMERICA PACIFIC COAST
      648 words
    • 719 25 HEUNC-A SHIPPING Korean Flag Vessels DO* AM SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG, PENANG, BUSAN, INCHON ¥«stl Sfxxf No i Denjm SOW 1/11 No 7 Donim SOfN 19/11 No S Daum WIN 79/U No I Oonjm SO9N 1/17 No t Oonim (SOW 14/1? No 7 Doum, SIQN ?4/l? No IDdum
      719 words
    • 762 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SiiSOV BUILDING 55. Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telei Numbers RS ***** RS ***** RS ***** p. im PENANG SK* WffJ? 2fS^ FLOOR HAI THONG SHTftK 127 Pen.ng Street. Penar*. Malays* K MALAYSIA CaWes JAYAPOH
      762 words
    • 44 25 SIM SWEE JOO SHIPPING SDN. BHD. EXPRESS TO BINTULU SNEE LONG SATU Voy 15 10/11 B CONTAINERISED SERVICE Load** tar Bntaki. Mri Voy 59 12/11 Kucte*. Brtuki. Mi. KK JAMBATAN MERAH SDN. BHD. P. Kelang: *****6 7 K.L. *****0 *****3 *****8 Penang *****1 *****5
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  • Page 26 Advertisements
    • 630 26 Kc<|i«nal Container l-int's P PORE P.KELANG PENANG SERVIC 3* HINODE KISEN CO. LTD MIDDLE EAST REGULAR USER SPFCIAIISFD Hf ft VV llf TE RS ftWftll ftßt t S pore loadng tor: KASUGA MARU 10/12 Nov Dubai. Damman, Kuwait VEB DEUTFRACHT/SEEREEDEREI ROSTOC FORTNIGHTLY FULL CONTAINER SERVICE TO EUROPE STORE ANTWERP RDAM
      630 words
  • Page 26 Miscellaneous
    • 185 26 Regional Weather rr i s i a 5a a 6 a Si N ir S» LTS VI >£ -.1 S2 S3 "f Ifc SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND a*' Wind direction with speed in knots Wove height One holt fleche represents 5 knots IJ
      185 words

  • Page 27 Advertisements
    • 141 27 MSC AGENCES K. LUMPUR P. KELANG PENANG P. GUDANG J. BAHARU LiiilL. *****88/*****56/*****48/*****93 *****1/4 TERMMAL *****1/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 *****8/*****8/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE mm ITTM CE3EB ESDI EEI E3n QZM mnTTTTiTTTT nm htm gin i BTMirwrrTirTrinnnitrnMrTri i tim uSin^MEIIIHmnTT»rTTT»FrfTTT-'' TT 'Mr7]niFyT»gTn 11 ■BIinWHWHTMCTMI nl ■gTTIiTTTTI i■. M Pallia aCTM[HBIB!giEI!THT»irTirinTTiTimT»iwTi
      141 words
    • 26 27 COLUMBUS LINE REEDEREI GMBH EXPRESS SEMI CONTAINER SERVICE TO HULL ROTTERDAM HAMBURG I Smfipore SEAL lON SHIPPING (S) PTE LTD SALFS BOOKINGS TEI ??056«1 (8 lines)
      26 words
    • 303 27 a- LICOIiNE gasr l REGULAR BEMI-COMT AIMER SERVICE -TO B ANG L A-DC BH/ ~T STORE I CHTTAGONG I CALCUTTA I MAMAS Fwndi Uiw REi vessel M/V CGM VtLAY VIILSS M/V ARMAGNAC VI2LSS M/V CGM VAR VILS6 12/11 16/11 3/12 7/12 24/12 28/12 >v:twv n,jyi if 30/11 1/12 19/12 21/12
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  • Page 28 Advertisements
    • 395 28 The natural advantages of shipping through the Natural MkkAdantic Load Gentet Location: The International Gateway Positioned mid-way along the Atlantic coast you'll find The Ports of Virginia just 18 miles from the open Container Facilities: Fast Careful Handling Eight berths, ten cranes and sophisticated equipment insure your container cargo is
      395 words
    • 691 28 WEC. WEST EUROPEAN CONTAINER LINES WEEKLY FULL CONTAMER SERVICE VIA ROTTERDAM TO: CANARY ISLANDS TENERIFE LAS PALMAS. FUNCHAL PORTUGAL LISBON LEIXOES (LCL ACCEPTABLE I I FORTNIGHTLY FULL CONTAINER SERVICE TO: EAST AFRICA MOMBASA. DAR-ES-SALAAM THROUGH RATES AVAILABLE FOR INLAND HAULAGE TO ZAMBIA. MALAWI. ZAIRE. UGANDA. RWANDA. BURUDI. SUDAN TANG A
      691 words