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BUSINESS TIMES, 30 December 1985

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Article also available on Microfilm Reel NL15289


Masthead [TITLE SECTION]

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BUSINESS TIMES M.C. (P) No. 192/12/85 MONDAY, DECEMBER 31, 1985 75 CENTS

B-G Lee tipped to play major role in charting economy [ARTICLE]

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B-G Lee tipped to play major role in charting economy THE MINISTER of State for Trade and Industry, Briga-dier-General (Res) Lee Hsien Loong, is expected to play a major role in charting Singapore's economic course in the next two to three years. According to the Trade and Industry Minister, Dr

Japanese investment ebbing [ARTICLE]

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Japanese investment ebbing Republic unlikely to see pick-up in commitments over next few years By BOEY KIT YIN A SLOWING of Japanese investment in Singapore in the next few years has been confirmed by the managing director of the Japan External Trade Organisation, Mr T Ide. At the end of

GIH report:no mention of insolvency [ARTICLE]

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GIH report:no mention of insolvency MERCHANT BANKERS Samuel Montagu Co, the advisers to the board of Growth Industrial Holdings (GIH), yesterday said that a "report by (public accountants) Arthur Young does not contain any statement to the effect that GIH is insolvent". Mr Laurie Magnus, an assistant director of Samuel

Dr Tan favours general tax cut over specific reductions [ARTICLE]

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Dr Tan favours general tax cut over specific reductions TRADE AND INDUSTRY Minister Dr Tony Tan prefers a general to a specific tax reduction to attract investments. An across-the-board reduction in corporate or personal income tax would enable companies and individuals to accumulate savings and reserves to diversify into new

Enterprise wins by a head [ARTICLE]

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Enterprise wins by a head THANKS to some enterprising blokes, punters who were turned away by the Singapore Turf Club for wearing slippers could return seconds later, the slippers in their hands this time and a pair of new strap-on sandals on their feet. But meeting the "dress quote" imposed

Dip in commercial property prices attracting overseas interest [ARTICLE]

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Dip in commercial property prices attracting overseas interest THE DIP IN PRICES of commercial properties is attracting more interest from overseas investors, according to property consultants Knight Frank Cheong Hock Chye and Baillieu. The consultants have received enquiries from abroad, particularly about commercial property as property prices come down to

Think-tanks run out of ideas to cope with rising cost [ARTICLE]

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Think-tanks run out of ideas to cope with rising cost NYT EARLIER THIS MONTH, the president of the American Enterprise Institute gathered his employees together and announced what had long been rumoured in Washington: the 42-year-old study group was entering a period of belt-tightening that would include staff layoffs of

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Call Wayfoong at 737-7977 for a fast decision on your loan @Way«oorg Mortgage and hnance (Si Lid A wholly owned suD&diary ot Hongkong Bank 6 Oaymo>e H.M »03 00 Claymore Pais Singapore 0922 A.P. No. 0045 Full story, Page 9 Pi ft'/St».iv.y tenr 3 bdrms. servant's, attached! r>a!h. split living/

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/JJj Ml* I am not sure whether SBC has seriously looked at the business opportunities of good sports coverage, says MARIE DAVID in the second part of his article on the poor coverage of sporting events by SBC. Page 8 Rock has proved it is no longer mere entertainment. It

Page 1 Advertisements Column 3 [ADVERTISEMENT]

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Savings Accounts Current Accounts Term Deposits FOUR SEAS COMMUNICATIONS lAN* ITO Member ot ttw OCBC Ooup Head Office 19 ?6 Cecil Street Singapore 010-5 Te l ?2-1989P Straight Talk delayed WE APOLOGISE (or not printing the Lee lacocca column "Straight Talk" today. Due to unforeseen circumstances, it has to be

MANAGEMENT

BP is going places in South-east Asia [ARTICLE + ILLUSTRATION]

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BP is going places in South-east Asia Company aims to close the lead of competitors in the region By RAY HEATH, Associate Editor BRIAN SANDERSON has a little catching up to do something like 100 years. That is his estimate of the lead that some of his rivals in the

Mergers erode executives' morale [ARTICLE]

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Mergers erode executives' morale AFTER GULF OIL was acquired by Chevron in March 1984, John H Pronsky, a Gulf general manager of marketing, felt betrayed by his company's leaders. "How could my management let this happen to me?" he recalled feeling. "It was like a death in the family," said

Facing up to an uncertain debt situation [ARTICLE]

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Facing up to an uncertain debt situation The global debt crisis has not spared export credit insurers. Claims on these agencies have risen sharply in the past few years. Now they are faced with the question of whether to increase their premiums to reflect the higher risk of non-payment. In

FRONTIERS

High speed service [ARTICLE + ILLUSTRATION]

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High speed service Compiled by LEE HAN SHIH FOR SEVERAL SECONDS the liquid crystal speedometer read 317 kph. More than 100 special guests, including West German Federal Transport Minister Werner Dollinger and Research Minister Heinz Riesenhuber, were on board to see for themselves the new speed record set by the

Daisywheels fight for survival [ARTICLE]

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Daisywheels fight for survival NYT PRINTER TECHNOLOGY is evolving rapidly. And just as in the evolution of life, some species of printers are having a tough time of it. The species in question are members of the genus daisywheel, which is of the impact family of the order of personal

Japanese R&D up 9.9pc [ARTICLE]

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Japanese R&D up 9.9pc AFP JAPAN spent 7.894 trillion yen on scientific and technological research and development in fiscal 1984, up 9.9 per cent over the previous year. A government report, published by the Management and Coordination Agency, said that the figure for fiscal IJB4, which ended in March 1985,

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Now Cathay Pacific provide a long stretch even for short stretches Now you can enjoy the same First Class comfort on short Super TriStar flights as you would on our 74 flights. We've expanded our First Class cabin space by )0% but have retained the same numlx*r of seats. We

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Page 3 Advertisements Column 1 [ADVERTISEMENT]

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Howa cheque book can give your family $50,000 worth of security, free WS" mm W. w- te V h ■m 7 'I)3HP s*taw» A? The Chase Classic The Chase Classic is not an ordinary current account. We slipped in 550,000 of personal accident insurance within the covers of our cheque

OVERSEAS

Japanese budget approved [ARTICLE]

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Japanese budget approved Cabinet increases spending on defence and aid AP THE CABINET of Prime Minister Yasuhiro Nakasone has approved an austere budget for fiscal 1986 which emphasises higher defence spending and foreign aid, and provides for limited increases in domestic programmes. The UXXXXX.8 billion budget for fiscal 1986, which

Middle East awaits Israel's response to airport attacks [ARTICLE]

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Middle East awaits Israel's response to airport attacks Reuter NOT WHETHER but when? And where? And against whom? Those were three questions posed over the Middle East on Saturday after Israel said it would strike at those responsible for killing 18 people and wounding 120 in attacks on El A

Court orders Aquino family to surrender land [ARTICLE + ILLUSTRATION]

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Court orders Aquino family to surrender land AFP A COURT has ordered opposition presidential candidate Corazon Aquino's family to turn over an agricultural estate it owns to the government and pay back a loan to a state bank. A Manila court ordered the billion-peso (U5552.6 million) Hacienda Luisita turned over

Rajiv lashes out at Indian institutions [ARTICLE]

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Rajiv lashes out at Indian institutions Reuter $RIME MINISTER Rajiv GanShi turned the centenary celertions of his Congress Party Saturday into a platform for savage and unprecedented attack on India's industrialists, politicians, police, lawyers, civil servants and trade unionists. Vowing to change India from Jop to bottom, Mr Gandhi lashed

Brazil to supply US$3b worth of arms to Saudi Arabia [ARTICLE]

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Brazil to supply US$3b worth of arms to Saudi Arabia AFP BRAZIL has won a US$3 billion contract to sell tanks, multiple rocket launchers and planes to Saudi Arabia, it was reported in Sao Paulo. The contract was signed on Dec 20, said the newspaper Folha. The deal reportedly included

Debt-ridden South America finds new democratic spirit [ARTICLE]

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Debt-ridden South America finds new democratic spirit AP SOUTH AMERICA enters 1906 with a new democratic spirit and crippling foreign debts which could shake political foundations in several of the resource-rich but underdeveloped countries. Brazil and Uruguay joined the continent's swelling ranks of civilian-gov-erned countries this year, and Peru and

Reagan to submit budget with US$145b deficit [ARTICLE]

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Reagan to submit budget with US$145b deficit UPI PRESIDENT REAGAN has decided to submit a 1987 budget with a deficit of close to US$l45 billion after paring down requests to meet the new balanced budget law. White House Chief of Staff Donald Regan said last Friday that there were a

Try this, if you're game for corporate takeovers [ARTICLE]

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Try this, if you're game for corporate takeovers UPI MONOPOLY, move over. Buying and selling houses, railroads and hotels is fun, but today's money is in franchising and corporate takeovers. Why invest play money in plain old Boardwalk and Park Place when you can be a movie mogul at Colossal

Security agency to widen use of codes [ARTICLE]

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Security agency to widen use of codes UPI THE US GOVERNMENT wants to encode millions of electronic messages sent each year by federal agencies and defence contractors to stop high-tech eavesdropping by outsiders. The New York Times reported in its Sunday edition that the five-year programme started by the National

DAILY AIRCRAFT MOVEMENTS [ARTICLE]

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DAILY AIRCRAFT MOVEMENTS ARRIVALS Operator Service Local From number time SIA SQII 0125 LAX/TYO PAA PA2I/5 0155 LAX/TYO/ HKG SIA SQ41 0615 MAA MAS MH60I 0720 KUL SIA SQ43 0730 DHA MAS MH68I 0820 KUL SIA SQ45 0850 MRU MAS MH603 0905 KUL MAS MH671 0935 KUL MAS MH8I1 0940

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Page 4 Miscellaneous Column 1 [MISCELLANEOUS]

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Doonesbury MIKE, J.VE &VEN IT SOME HARP THOU6HT ANP PECIPEP YOU'RE RIGHT. ITS TIME TO CUT THE CORP m 1 f /k THB6OOP COUNSEL OF MY CHAUF ATTA BOY. FWR. ENPICOTT, UJHATTURNEP TELL MIKE WHAT YOU AROUNP? YOUTULPME ft BY GARRY TRUDEAU ALL I SAIP,SiR,MAS THAT YOU CAN NEVER 60

RAW MATERIALS

Produce exchange [ARTICLE]

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Produce exchange Chinese Produce Exchange (Sellers' Moon closing prices on D«c 28 (S)/100 kg). Coconut oil Bu* FOB 70 00 Otd drum FOB 83 00 New drum FOB 87 00 Copra Mixed (loose) 35 buyers Pepper Muntok White FOB NLW 1125 00 Sorawok White FOB faq NLW 1115 00 Sarawak

WHEAT [ARTICLE]

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WHEAT WHEAT FUTURES on Friday recovered from midsession lows to close V/* to IV4 cents per bushel higher in light trade on the Chicago Board of Trade. March settled at U553.46 >/« after posting a four-cent range. The lack of fresh export business and slow year-end domestic mill demand combined

SOYBEAN [ARTICLE]

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SOYBEAN SOYBEAN FUTURES on Friday closed on or near the lows, down nine to six US cents a bushel on the Chicago Board of Trade. January settled at 5.27V< cents after posting a 10 cent range. Trade talk that a shift in upper atmosphere winds will bring much-needed rains into

Coffee the only feature on quiet London markets [ARTICLE]

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Coffee the only feature on quiet London markets AFP COFFEE provided the only feature in otherwise traditionally quiet conditions during Christmas week. Speculation that drought damage to the Pp>t<Hi>b crop will result in a supply deficit this season (October 1965-Septem-ber 1986) boosted values to £2,835 per tonne (basis: 2nd contract),

LONDON MARKETS [ARTICLE]

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LONDON MARKETS COFFEE A SHARPLY weaker New York market and continued long liquidation and profit-taking pulled robusta coffee futures lower on Friday afternoon to end the day with losses from Tuesday of £175 to £211 a tonne, dealers said. Nervous year-end long liquidation and profit-tak-Ing dominated business after the two-day

Colombia acts to save coffee accord [ARTICLE]

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Colombia acts to save coffee accord Call to lift export controls to stem rising prices FT PRESIDENT BELISARIO Betancur of Colombia, the world's second largest coffee producer, has launched an initiative aimed at saving the International Coffee Agreement, the price support agreement which is threatened by the recent dramatic rise

Indonesia wants UN timber group to be based in Jakarta [ARTICLE]

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Indonesia wants UN timber group to be based in Jakarta NYT WHEN A HIGH-LEVEL group of Indonesians and Americans met in closed sessions in Bali recently to assess the state of relations between the two countries, it did not take long to get to the economic issues. Predictably, the Indonesians

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m fs 4 *5 V m h\ ft >- >^K V V v ■^L apfe* i >*■ <J v^*v> :r <* c IJ m **»*>- k v #r u-s*-. jSt "Yield" Oscar W/de The only way to get rid of temptation is to yield to it. Royal Salute. The ultimate

BANKING AND FINANCE

The road ahead for Malaysian insurance [ARTICLE]

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The road ahead for Malaysian insurance No company can underwrite a Boeing 747 Bernama MALAYSIAN INSURERS have a long way to go before they can become a net exporter of insurance services. While politicians and other parties have periodically highlighted the need to expand the insurance market, insurers claim that

Kuwait's banking activity down 1.3pc in October [ARTICLE]

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Kuwait's banking activity down 1.3pc in October AFP THE AGGREGATE balance sheet of Kuwait's commercial banks showed a 1.3 per cent decline in October compared with September, the October review of the Central Bank of Kuwait (CBK) said. This deceleration came in the wake of a continued decline of their

Japanese long-term bank rate down 0.3 percentage point [ARTICLE]

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Japanese long-term bank rate down 0.3 percentage point AFP LONG-TERM lending institutions, banks and insurance companies in Japan cut three-tenths of a percentage point last Saturday off the rate they charge for loans to their best customers, in a new sign of an easing in Japan's rates. The reduction brought

Two foreign banks to open in Nepal [ARTICLE]

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Two foreign banks to open in Nepal AFP KATHMANDU is to allow a French and a British bank to operate in Nepal from January. An official of Nepal's central bank, the Nepal Rastra Bank, said last Friday that Banque Indosuez of France and Grindlay's Bank of Britain have been registered

Postal savings in Japan exceed 100 trillion yen [ARTICLE]

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Postal savings in Japan exceed 100 trillion yen Bernama OUTSTANDING postal savings in Japan exceeded 100 trillion yen last Saturday amid outcries by private financial institutions of unfair competition from the "government bank". The day's first tabulation at 10.30 am by the Posts A Telecommunications Ministry put the balance of

Federal Reserve data suggest cut in discount rate not imminent [ARTICLE]

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Federal Reserve data suggest cut in discount rate not imminent Reuter RATE AND BANK borrowings data released by the US Federal Reserve last Friday suggest the US discount rate will not be cut from V/t per cent in the near term. Economists said a stable policy is suggested by a

Yen said to be at reasonable level [ARTICLE]

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Yen said to be at reasonable level Reuter BANK OF JAPAN governor Satoshi Sumita said in a television interview that the yen's exchange value has basically reached a reasonable level. Mr Sumita, who made the remark during an interview with a reporter of the Japan Broadcasting Corp, did not re-

MONEY AND EXCHANGES

Asian $ market [ARTICLE + ILLUSTRATION]

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Asian market INDICATES th* *v*rag* of th* prim* lading rtlM of 12 m«|or bank* operating in Singapore ASIAN currency average deposit rates for the week ended Dec 27 BID PRICES High Low us$ 7 days 9 9/16 9 3/16 1 month 8 3/8 8 5/16 2 months 8 1/8 8

Short-term money [ARTICLE]

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Short-term money The range of coH rates for the week ended Friday, Dec 27: BonV fund 4—505 General fund 5 $m Movements of funds 1,626 Source: Short Deposits (M) Bhd

Overnight rate closes firmer [ARTICLE]

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Overnight rate closes firmer THE OVERNIGHT interbank rate closed firmer for the end of the week. Overnight rate which opened easy at 4 Vi 4 per cent on Monday, rose steadily to close at 5% sVfc per cent. Term rates, however, remained steady with the one and three-month rates at

Prime lending rates [ARTICLE]

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Prime lending rates 7 7*4 8 8V« 8v« 8 >4 7 l /i 7*« 8 V. 8V4 7 7V« 7*4 International Bank (S) Irving Trust 8 8v« Korea Exchange Kuwait Asia Bank EC Kwangtung Provincial Kyowa Bank Ltd Lee Wah Lloyds Bank Long-term Credit Japan Malayan Banking Malayan United Marine

Discount Prices [ARTICLE]

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Discount Prices At Saturday's close Prices offered by discount houses on Dec 28 3-month Treasury B.IK 3—2 7/8 Overnight 3 Call deposits 3 3-month bonk b.lh 5 13/16—5 11/16 3-month CD 5 3/8—5 1/4 6-month CD 5 7/16—5 5/16 Source Notional Discount Company Source: National Discount Company

D-mark futures hit 2½ -year high against the dollar [ARTICLE]

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D-mark futures hit 2½ -year high against the dollar Green Collier TRADING IN GOLD and financial futures was dulled by the holiday-shortened week until Friday when currency futures surged on the dollar breaking below the well tested support of 2.50 D-mark. Apparent small scale selling of the dollar against predominantly

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cv^ peST V^S3*5S?« 30^;^ -2.3° P J ©J »S lIC <• u FINANCE LTD r i Fixed Deposits Rates: 1 month *5 p.a. 3 months 5Vi% p.a. 6 months 5 1 /2% p.a. 9 months 5 3 A% p.a. 12 months 6 1 /4%p.a On Call **4 1 /2% p.a.

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THE ARTS

Rock at its forceful heights [ARTICLE + ILLUSTRATION]

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Rock at its forceful heights Rock has proved it is no longer mere entertainment. It is now an international social and even political force, with the ability to reach people around the world. ROBERT PALMER reviews the rock scene for the year 1985. NYT ROCK 'N' ROLL shook up an

Celebration for an American composer of supreme quality [ARTICLE]

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Celebration for an American composer of supreme quality By FREDERICK WINSHIP UPI MORE THAN 100 US music organisations from major symphony orchestras to small university ensembles have been celebrating Aaron Copland's 85th birthday anniversary. And the musical fanfare is on a scale never before accorded a native composer. Copland's birthday

SBC misses out some major sporting events [ARTICLE]

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SBC misses out some major sporting events By MARIE DAVID LAST WEEK I talked about sports on television. The main focus was on the amount of time devoted to sports by the Singapore Broadcasting Corporation. However, there is another point which needs discussion. SBC tends to miss out some of

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SIM LIM FINANCE LTD (Incorporated in the Republic of Singapore* COMPANY ANNOUNCEMENT The Board of Directors-of Sim Lim Finance Ltd makes the following announcement: RESULTS FOR THE HALF YEAR ENDED .30 SEPTEMBER 198S The unaudited results of the Gimpany and of the Group for the half year ended 30 September

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Si Sim Lim Investments Ltd. COMPANY ANNOUNCEMENT The Directors announce the unaudited results tor the half year ended *0 September 1985. Half Year Ended 30/9/85 *0/9/8* Turnover 2,570 62.953 1.391 45.385 84 8 3 Operating Pmfit after Interest on Borrowings, Depreciation and Amortisation (See notes (I) and (2) below) 1.134

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Page 8 Miscellaneous Column 1 [MISCELLANEOUS]

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mmmm CRYPTIC PUZZLE ACROSS 3 Points mode on the wire (5) 8 Continue o knock with o stick (5) 10 Book almost finish at last (5) 11 Thus way for the Firth! (3) 12 Horse used m no pit (5) 13 An uninformative onswer, you'* discover (4, 3) 15 Unspoken

SPORTS

Gold Medal eludes Vincent Lee [ARTICLE]

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Gold Medal eludes Vincent Lee By WALTON MORAIS VINCENT LEE's glittering record counted for nothing on Saturday as Warren's Gold Medal golf title in the gross section went to unheralded Wong Lei Tim. Wong, an 11-handicapper, carded an eight-over-par 78 to win on countback from Vincent Seet, while overwhelming favourite

Apollo takes the honours in Sydney-Hobart race [ARTICLE + ILLUSTRATION]

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Apollo takes the honours in Sydney-Hobart race AP MAXI YACHT Apollo avenged her narrow defeat by Condor of Bermuda in the 1982 Sydney-Ho-bart Ocean Race by taking line honours in the 1985 yachting classic yesterday. Apollo crossed the line on the Derwent River yesterday, three days, four hours 32 minutes

Canter wins Victorian grand prix title [ARTICLE]

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Canter wins Victorian grand prix title Reuter AMERICAN Jonathan Canter beat Australia's Peter Doohan 5-7, 6-3, 6-4, in the final of the U5575,000 Victorian open tennis on Sunday to take his first grand prix title. The 20-year-old American banked $16,000 for his victory while Doohan took home $8,000 as runner-up.

India on verge of victory in Australian cricket tour [ARTICLE]

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India on verge of victory in Australian cricket tour AP INDIA WAS ON the brink of victory last night in the second test after a fighting 98 by captain Allan Border had saved Australia from a complete rout on the fourth day at the Melbourne Cricket Ground. Border could not

NFL no boost to ad revenues [ARTICLE]

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NFL no boost to ad revenues UPI THE COMMON RULE that an increase in TV ratings, such as those enjoyed this season by America's National Football League broadcasters, generally leads to added advertising revenues does not seem to apply this year. The blame has been placed on a soft economy,

The extra charges that punters must learn not to foot [ARTICLE + ILLUSTRATION]

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The extra charges that punters must learn not to foot By BRIAN MILLER PUNTERS are an enterprising lot. That, we all know. They'll go to extreme lengths just to get the best tips for the day's races and when it comes to betting, they're a shrewd bunch. But yesterday at

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NOTICE As from the 22nd November 1985, Mr. Ferdinand Robert is no longer o Director of TOCOMA LIMITED or any of its associated companies and is therefore no longer authorised to act for or on behalf of Tocoma Limited and its associated companies. Board of Directors TOCOMA LIMITED NOTICE OF

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Page 9 Miscellaneous Column 1 [MISCELLANEOUS]

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w acae) smitD > M Evergreen: starring Lesley Ann Warren and Armand Asaanta Evergreen (debut) (Pert I) Chennel 5, 9.30pm New York City 1909. The story centres on o young woman who arrives in America from her native Poland, her only possessions being two silver candlesticks. A serious young man

Page 9 Miscellaneous Column 2 [MISCELLANEOUS]

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BriStcOTtanklfeckaQe I Vou Kviovji —jsn T bpo JOB m\o ccFree vfwd cp<<es J CLPVNG R P» LPvNG F Cone. GGT IT r O 'PTUWLC not TOO V_* TT-^PjpRJN (gmc^fWe^y...

INTERNATIONAL STOCKS

GM and Ford offer cheaper financing to boost sales [ARTICLE]

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GM and Ford offer cheaper financing to boost sales Reuter THE TWO largest US carmakers, General Motors and Ford, worried by an over-supply of vehicles, are expanding cut-rate financing for buyers. Both companies said they would lower interest rates on car loans to an annual 7.9 per cent on selected

Toronto [ARTICLE]

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Toronto DCC 27 AMfci a I6H M Inco trrt Pro* FV* 18 43 unch /Mean 39* unch K«rr Add Argo«n rtdg» 34* Lobtow 8 23* 3 14* unch Mc BkxM 24* 41* 19* BP Can Ltd 30* 28* 35* 42* Canpoc Caring O'Kwte 18* 13* unch Northgat* Exp 4* unch

Hopes of cut in discount rate lift NYSE [ARTICLE]

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Hopes of cut in discount rate lift NYSE Reuter THE NEW YORK stock market closed sharply higher last Friday in slow trading with investors apparently encouraged by signs that a retreat from peak levels had ended. Computers, cars and financial service stocks had some of the best gains. For the

Joint ventures suffer losses [ARTICLE]

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Joint ventures suffer losses AP ABOUT 40 per cent of Ja-panese-Indonesian joint venture companies in Indonesia suffered losses this year. A Japanese official had been quoted saying that about 30 per cent of joint ventures between the two countries posted profits this year, while the remaining 30 per cent broke

New York [ARTICLE]

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New York MC 27 US$ Akon AJLVTWI Alcoa Alaghany Lud AWd Cham Cp A*ad Storas Alts-Choknara Am Brands knc Am Broodcast Am Can Co Am Cyanarnd Am Bac Pwr Am Exprass Am Horn* Prod Am Motor* Cp Am Natural Gat Am Tal Tal Amax Inc Amerada Htu AMF Inc Amr

Tokyo [ARTICLE]

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Tokyo DEC 28 Y«t» 11SO 20 Mitvub Eke 349 1200 +3 -10 Akoi 388 +3385 -9 836 +3 432 Asohi Cham Asohi Gloss 781 945 760 -4 20 Mitsui Shp Mitvj Smetftng 138 370 625 -1 unch 522 863 -12 1130 -20 2220 Ctmo Oman 1780 475 unch 18 h«C

European markets [ARTICLE]

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European markets Frankfurt DEC 27 Om Aag-Tateti»*an BASF Boyar Boyar Varaaubonk BMW 235 50 269 00 unch XXXXX unch XXXXX 4-12 569 50 +15 Cofnmanfoank Cooti Gumrm Domlf-Brtz Daguuo Dauftcha Bonk Dratdnar Bank OH Hoechst 345 00 +11.5 164 90 +0.4 1226 00-8 XXXXX 20 5 437 00 235 50

Texaco and Pennzoil resume talks on settlement [ARTICLE]

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Texaco and Pennzoil resume talks on settlement UPI TEXACO and Pennzoil Co reportedly resumed talks last Friday on settling a record USHI.I billion Judgement against Texaco with congressional support mounting for the third-larg-est oil company in the US. Sources said the talks, a follow-up to discussions the previous weekend in

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Johannesburg, Amsterdam and Stockholm prices unavailable. London stocks Page 13 s I r International Buffet Fashion Fare At: $10.50* ONLY J *>r < V FERN TREE CAFE The Fare: Besides a sumptuous international buffet, come and savour our air-flown oysters from New Zealand at $1.25* per piece. Daily from 11.30

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MARKET REVIEWS

End of another chapter [ARTICLE]

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End of another chapter l\| 1 Hongkong m By TONY MEASOR in Hongkong THE RETIREMENT last week of Michael Sandberg, from the posts of chairman and chief executive, marks the end of another chapter in the saga of the Hongkong and Shanghai Bank. For many investors, the Hongkong and Shanghai

Tokyo closes a bullish year with bright prospects for the next [ARTICLE]

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Tokyo closes a bullish year with bright prospects for the next f== |En Tokyo Irß Sjl AFP THE TOKYO STOCK market and bond market zoomed up this year, with the key market barometer, the Nikkei stock average, hitting new highs more than 20 times. The average posted a 1,570.52-yen gain

Starting with a bang, ending with a boom [ARTICLE]

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Starting with a bang, ending with a boom R London PJ Jlnm m THE LONDON STOCK exchange enjoyed a record year in 1985, along with Wall Street and most other major world stock markets. The modest recovery in the British economy at the end of the long miners' strike improved

Year of thrills and spills [ARTICLE]

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Year of thrills and spills m p 1 J ew FT IN THEIR WILDEST dreams, investors could scarcely have imagined a more exciting environment than the Wall Street of 1985. They have experienced all the thrills of participating in a runaway bull market, takeovers galore, and some of the biggest

Dispelling the gloom during Christmas [ARTICLE + ILLUSTRATION]

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Dispelling the gloom during Christmas il I) v Singapore M E—s A By AMY CHEOK THE HOLIDAY MOOD prevailed at the Singapore stocklnarket last week. Fund managers and individual investors generally stayed away from the market and some were reported to have gone overseas (or their long Christmas and New

KL prices lifted by bargain hunting in a week of quiet trading [ARTICLE]

Page 12

KL prices lifted by bargain hunting in a week of quiet trading I K.Lumpur i i BARGAIN HUNTING and window-dressing activities propped up share prices at the Kuala Lumpur stock market last week although trading was quiet on most days as investors were in a festive mood. The three-day trading

Aussie share prices end firmer [ARTICLE]

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Aussie share prices end firmer r \lAustralia |g= M 4 Reuter AUSTRALIAN sharemarkets ended the week firmer after two-and-a-half days of trading in a week shortened by the Christmas holidays. At Friday's close, the All-ordinaries index had firmed 10.6 points on the previous week to 997.2, the All-industrials 14 to

COMPANY NEWS for the week [ARTICLE]

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COMPANY NEWS for the week Week ended Dec 27 compiled by JULIANA TAY SCRIP ISSUES Kesong Hldgs: Proposed rights issue of three-for-two at $1.10. Kinto Kellos: Bonus issue of 14-for-one. Tolom Mines: Bonus issue of five-for-three. CORPORATE DEVELOPMENTS Amcol Electrical Industries Ltd's whoHy-owned subsidiary, Sankei Pte Ltd, has increased its

Page 11 Advertisements

Page 11 Advertisements Column 1 [ADVERTISEMENT]

Page 11

K I N i l>s m #7:P I; ion MADE BRAND NEW, FOR YOU. The lON goes brand new with an all-new look and all-new entertainment. ON STAGE 'The VAMPIRE' 6-piece band from Thailand. And Singapore's very own 'GYPSY'. DJ 'Freaky Freddy' from The Music Force. Weekdays Ist drink: 575+

Page 11 Advertisements Column 2 [ADVERTISEMENT]

Page 11

EASdNS Ljappen |NGS }*££££*><*•« I The new year spirit is now in the air! We have a host of exciting programmes all lined up for you. A night of Chinese Dinner 9 Dance with special menus served. A ia carte also available. $550++ $750++ for 10 Persons (New Year's Eve)

COMPANY NEWS

Kesang's untimely cash call [ARTICLE + ILLUSTRATION]

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Kesang's untimely cash call mma mm»» By HOCK LOCK SIEW IT IS REALLY surprising that one more company, Kesang Corp Bhd, has proposed a rights issue when current conditions in the stock market are generally not conducive for cash calls. Kesang's three-for-two rights issue will raise a total of Ms

QAF turns in $1.82m net profits [ARTICLE]

Page 13

QAF turns in $1.82m net profits By HOMER CHEN FOOD-BASED QAF Ltd's efforts in reorganising the Ben group of business interests are gradually bearing fruit as reflected in an encouraging set of interim results. During the six months ended Sep 30, 1985, QAF Ltd reported group net profits before extraordinary

LONDON STOCKS [ARTICLE]

Page 13

LONDON STOCKS UNDERLYING sentiment was firm in line with Wall Street on Friday despite traditionally quiet conditions during this end-of-year period. With many industrials managing gains of a few pence, the Financial Times 30 Index closed up 7.1 points, at 1,123.3 points, after going six points up at 2 pm.

Malayan Credit half-time earnings fall to $420,000 [ARTICLE]

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Malayan Credit half-time earnings fall to $420,000 By CHAN OI CHEE PROPERTY DEVELOPER Malayan Credit Ltd has become another victim of a depressed property market in Singapore. During the six months ended Sep 30, 1985, the group reported one of its worst trading results and directors do not expect any

MUM's M$81m deal to acquire stake in UOL falls through [ARTICLE]

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MUM's M$81m deal to acquire stake in UOL falls through THE MUCH-PUBLICISED MsBl million acquisition of a one-fifth stake in United Overseas Land (UOL) by Malayan United Manufacturing Bhd (MUM) has fallen through. MUM announced on Friday that the conditions in its Jan 25, 1965, agreement and a Nov 20

MCB new shares face hurdle [ARTICLE + ILLUSTRATION]

Page 13

MCB new shares face hurdle By RAMESH CHANDIRAMANI THE MORATORIUM on the listing of new shares on the Kuala Lumpur Stock Exchange has claimed another victim in Malayan Cables Bhd. The company's planned issue of 22 million new Msl par shares at $3.20 each for the purchase of Uniphone Sdn

LATEST RESULTS

ARAB-MALAYSIAN [ARTICLE]

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ARAB-MALAYSIAN Devel- opment Bhd: Group pre-tax profits for the six months to Sep 30, 1985, were more than halved to Mslo.l million (from $22.6 million) on substantially lower turnover of $35.2 million ($59.9 million). Directors said the results of an associate company, Arab-Malaysian Merchant Bank, continued to improve. But the

ALEXANDRA HOLDINGS [ARTICLE]

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ALEXANDRA HOLDINGS Ltd: Group pre-tax profits for the half-year ended Sep 30, 1985, were sharply higher at $206,024 (from $39,841) on a marginal rise in turnover to $542,542 (from $531,043). At the after-tax level, the group reported profits of $51,094 against losses of $56,246 previously. Directors said the increased group

KINTA KELLAS [ARTICLE]

Page 13

KINTA KELLAS Tin Dredging: Group taxable profits increased sharply to M 5724,000 (from $78,000) in spite of a marginal decline in turnover to $3 million (from $3.1 million) for the half-year ended Sep 30, 1985 The improved results were due to a series of cost-saving measures taken. During the period

COMPANY BRIEFS [ARTICLE]

Page 13

COMPANY BRIEFS DBS BANK announced that its wholly-owned subsidiary DBS Land Ltd has on Dec 16, 1985 transferred its holding of 6.8 million shares in Raffles City Pte Ltd to DBS Pte Ltd. The latter is DBS Bank's whol-ly-owned subsidiary. OVERSEAS UNION Enterprise Ltd has purchased 3,000 shares in Overseas

Page 13 Advertisements

Page 13 Advertisements Column 1 [ADVERTISEMENT]

Page 13

NOTICES I NI-COMBINES SERVICES PTE LTD (IN MEMBERS VOL!NTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 185 that a Final Meeting of the Members of the abovenamed Company will be held at 36 Robinson Road, »05-01/02 City House, Singapore

Page 13 Advertisements Column 2 [ADVERTISEMENT]

Page 13

ETOILE CONSULTANTS PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 185 that a Final Meeting of the Members of the abovenamed Company will be held at 36 Robinson Road, «05-01/02 City House. Singapore 0106 on

Page 13 Advertisements Column 3 [ADVERTISEMENT]

Page 13

OFFICIAL NOTICE PROPOSAL TO CHANGE SHIP'S NAME We, Neptune Shipmanagement Services (Pte) Ltd, a Singa porean Company having our registered office at 456 Alexandra Road, NOL Building, Singapore 0511 acting as agents for Neptune Associated Lines Private Ltd hereby give notice that in consequence of the purchase by us of

Page 13 Advertisements Column 4 [ADVERTISEMENT]

Page 13

QAF LIMITED (Incorporated in the Republic of Singapore) INTERIM STATEMENT The Directors announce the following unaudited results for the six months ended 30th September 1985: Group Company 1985 1985 $000 SOOO 1(A) Turnover The group XXXXX Associated companies (Group's share) XXXXX (B) Investment and other income 309 2(A) Operating profit/(loss)

EFTPOS to be officially launched on Jan 18 [ARTICLE]

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EFTPOS to be officially launched on Jan 18 EFTPOS, or Electronic Funds Transfer at Point of Sale, will be officially launched on Jan 18. Using the system, shoppers will be able to use their automatic teller machine (ATM) cards to pay for goods and services at major departmental stores, supermarkets,

MTUC hits out at M'sian ministry [ARTICLE]

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MTUC hits out at M'sian ministry Bernama THE MALAYSIAN Trades Union Congress claimed yesterday that more than 100,000 workers in the country had been retrenched this year and said the figure could double next year if the government failed to take a serious view of the problem. MTUC secretary-gener-al Dr

US may stand in way of plastics plant in Russia [ARTICLE]

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US may stand in way of plastics plant in Russia Reuter A WEST GERMAN company wants to build a 10.1 billion mark (US$4.l billion) plastics plant in the Soviet Union but the US may object to the transfer of technology involved, the magazine Der Spiegel said yesterday. A Bonn finance

No hope for talks, says Sihanouk [ARTICLE]

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No hope for talks, says Sihanouk Reuter PRINCE Norodom Sihanouk, head of the Cambodian guerilla coalition fighting the Vietnam-back-ed government in Phnom Penh, said yesterday he had no hope for proposed informal talks to end the seven-year war. He said the coalition would continue its fight to force Vietnam to

Nakasone unlikely to seek third term [ARTICLE]

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Nakasone unlikely to seek third term UPI JAPANESE Prime Minister Yasuhiro Nakasone, the driving force behind the country's efforts to improve trade and defence relations with the US, hinted yesterday that he had given up his bid to seek a third term next year. At a news conference the day

It's no small change for vending machine owners [ARTICLE + ILLUSTRATION]

Page 14

It's no small change for vending machine owners By ANNA TEO THE ISSUE of smaller Singapore coins is light on your pocket but for operators of vending machines, it's no small change. They say the change will set them back by thousands of dollars for modifying machines at a time

Local subcontracts for terminal [ARTICLE]

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Local subcontracts for terminal THE GOVERNMENT has been negotiating with two foreign tenderers of the second Changi terminal building for a substantial portion of the works there to be subcontracted to local contractors. This was disclosed by National Development Minister Mr Teh Cheang Wan last night when he opened the

Review of Master Plan completed [ARTICLE]

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Review of Master Plan completed THE government's Chief Planner has completed and submitted the fifth review of the Master Plan for Singapore which has proposals up to the year 1990. Approved ad-hoc alterations have been included in this review. Certified copies of maps and documents of the review are displayed

KL to telecast Memali incident [ARTICLE]

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KL to telecast Memali incident A VIDEO recording of the Nov 19 Kampung Memali incident, in which four policemen and 14 civilians were killed, will be telecast over TV Malaysia on Jan 3, the Deputy Prime Minister, Datuk Musa Hi tarn, announced yesterday.

LATE FILE

Gaddafi's grant to Abu Nidal [ARTICLE]

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Gaddafi's grant to Abu Nidal AFP LIBYAN LEADER Muammer Gaddafi had agreed to give dissident Palestinian leader Abu Nidal an annual budget of US$32 million to carry out attacks, said West German newspaper Bild Am Sonntag yesterday. AFP

Preparing for end to martial law [ARTICLE]

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Preparing for end to martial law Reuter PAKISTANI Prime Minister Mohammad Khan Junejo met his supporters in the national assembly yesterday to discuss final preparations for the lifting of martial law, due to be announced today.

Doctors' strike causes 25 deaths [ARTICLE]

Page 14

Doctors' strike causes 25 deaths Reuter AT LEAST 25 hospital patients in Dhaka had died for lack of treatment because of a nationwide doctors strike. Officials said yesterday that most victims at Rangpur Medical College Hospital in Northern Bangladesh were suffering from kidney and liver problems. Reuter

Bishop Tutu's ultimatum [ARTICLE]

Page 14

Bishop Tutu's ultimatum UPI NOBEL PEACE Prize laureate Bishop Desmond Tutu yesterday gave the Johannesburg government three months to free detained students and give them the right to choose their own leaders, or face a call for economic sanctions and a work boycott. UPI

Importance of US military bases [ARTICLE]

Page 14

Importance of US military bases Reuter PRESIDENT Ferdinand Marcos said yesterday that US military bases in the Philippines were necessary to maintain the balance of power in the region and he would favour retaining them after the present treaty expired. Reuter

Plans to abandon Kharg terminal [ARTICLE]

Page 14

Plans to abandon Kharg terminal Reuter IRAN plans to abandon Kharg Island as its main oil terminal because of repeated Iraqi raids and use two new offshore centres to keep vital exports flowing during the Gulf war, shipping sources said yesterday. Reuter

Page 14 Advertisements

Page 14 Advertisements Column 1 [ADVERTISEMENT]

Page 14

Get your free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available. 1. Some employers worried over part of labour law 2. General Electric winding up Getap 3. How MAS helped cool Pan-El Crisis 4. Blueprint for Stock Exchange 5.

Page 14 Advertisements Column 2 [ADVERTISEMENT]

Page 14

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Page 14 Miscellaneous

Page 14 Miscellaneous Column 1 [MISCELLANEOUS]

Page 14

Outlook tor today: Showers over a few areas in the afternoon. Report for 24 hours prior to 7 30pm on Dec 29 at the airport: Maximum temperature 30.6. Associated humidity 62 Minimum temperature 24.2 Associated humidity 90 Hours of sunshine 7.15 Rainfall in millimetres Nil Rainfall this month 340.1 Rainy

SHIPPING TIMES

Jurukapal launches multi-purpose ship [ARTICLE]

Page 15

Jurukapal launches multi-purpose ship The Halim Thea can carry 98 containers on its decks By G DURAIRAJ JURUKAPAL launched the first Malaysian designed merchant ship at Malaysia Shipyard Engineering over the weekend. The 3,400 dwt multi-purpose product carrier, Halim Thea was launched by the former Prime Minister, Tun Hussein Onn.

China enforcing law to protect marine environment [ARTICLE]

Page 15

China enforcing law to protect marine environment CHINA HAS taken measures to enforce the law on marine protection, and sent patrol ships and planes for marine environmental monitoring. Yan Hongmo, director of China's State Bureau of Oceanography, said that any illegal dumping of pollutants or waste in the sea by

Suez Canal charges to increase by 3.4pc [ARTICLE]

Page 15

Suez Canal charges to increase by 3.4pc AFP THE COST OF using the Suez Canal is to increase by an average of 3.4 per cent from Jan 1, the Egyptian weekly Akhbar elYom reported. The increase is slightly less than last Jan 1, when charges went up by 3.67 per

PORTSIDES

Mysterious sinkings continue [ARTICLE]

Page 15

Mysterious sinkings continue AFP A LARGE NUMBER of ships are vanishing without trace in spite of modern communications and safety systems, according to the latest bulletin of the British Sailors' Society. Lloyd's Intelligence Service has recorded a loss of 16 ships, with the death of 400 seamen, in mysterious circumstances

Wages to be cut by 30pc [ARTICLE]

Page 15

Wages to be cut by 30pc Reuter TAIWAN WILL slash the wages of about 15,000 workers at three money-losing state-owned corporations by 15 to 30 per cent. An economic ministry spokesman said the cuts would take effect early next year. They would last until financial conditions improved at the China

Bunker surcharges [ARTICLE]

Page 15

Bunker surcharges Reuter MEMBER LINES of five Japanese freight conferences will cut bunker surcharges on Jan 1. The Trans-Pacific Freight Conference of Japan, the Japan-Atlantic and Gulf Freight Conference, the Japan-West Canada Freight Conference and the Japan-East Canada Freight Conference said their surcharge will be $7.00/ revenue tonne instead of

SHIP SALES [ARTICLE]

Page 16

SHIP SALES CHINESE breakers entered a rather quiet demolition scene last week by purchasing three vessels. These comprised the London Prosperity, motor vessel of 11,154 light tons built Japan 1966, and the Wing Max, motor vessel of 13,005 light tons built Japan 1969, both for about US$llO per light ton,

CONSORTIA [ARTICLE]

Page 16

CONSORTIA THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang shipping. ANRO (STRAITS/ AUSTRALIA): Australian National Line. Australia/Straits Container Line.

Raising new equity for a shipping company [ARTICLE]

Page 16

Raising new equity for a shipping company Fairplay THERE WAS A time when there would have been very little to say in a shipping finance review except, "sign here" as bankers queued up to finance the vast amount of tonnage which was being built in the yards worldwide. But as

Turkish tanker on fire [ARTICLE]

Page 16

Turkish tanker on fire AP FOUR ASIAN workers were scorched to death inside a hold of a Turkish tanker being repaired at the dry dock in Bahrain, officials of the Arab Shipbuilding and Repair Yard Co (ASRY) reported. A fifth died later in a hospital. The fire on the 134,372-ton

INDEX TO ADVERTISERS [ARTICLE]

Page 16

INDEX TO ADVERTISERS A Top Ent X 2 AB Shpg V 5 Accord Shpg X 1 Afeo Line VI 3 Ahrenkiel Liner X 1 AC Toepter X 5 American Pacific IX 5 Artro Service IV 3/4 Antah Orient X 5 Arrow Lines X 5 Atlas Lmes X 4 ANL 1

Oldest square rigger sinks [ARTICLE]

Page 16

Oldest square rigger sinks AFP THE WORLD'S oldest Active square-rigger, the Brit-* ish-owned Ciudad de locaf sank in shallow water aftef a snowstorm blew into the Portsmouth Olympic har» hour in Kingston on Lake Ontario. There were no sailors on board at the time of thi sinking. The old vewl

Iran plans to build 322km pipeline [ARTICLE]

Page 17

Iran plans to build 322km pipeline IRAN IS planning to build a 322 km pipeline that would enable it to transport oil further south in the Gulf, out of range of Iraqi planes that have been attacking Iran's main oil terminal at Kharg Island, the Washington Post said. The newspaper

Jiangnan shipyard secures ship orders from Ahrenkiel [ARTICLE]

Page 17

Jiangnan shipyard secures ship orders from Ahrenkiel Lloyd's List CHINA HAS MADE a dramatic entry into the sophisticated shipbuilding field of the pure car carrier. Its Jiangnan shipyard has secured an order for two vessels from leading West German operator Christian F Ahrenkiel. Contract price and terms for the 3,500-unit

Cunard Lines plans to refit Queen Elizabeth 2 [ARTICLE]

Page 17

Cunard Lines plans to refit Queen Elizabeth 2 UPI CUNARD LINES has gone public with plans to pull the Queen Elizabeth 2 from service for six months and spend an unprecedented US$ll5 million outfitting the last surviving trans-At-lantic liner for the future. Officials with the line, who in recent years

China to upgrade port anchorages [ARTICLE]

Page 17

China to upgrade port anchorages AFP CHINA WILL invest a total of US$3.5 billion in the next five years to upgrade its port anchorage facilities. The investment would be used to build 200 port anchorage points stretching from Hainan island in south China to Shanghai on the east coast, leftwing

Federation seeks measures to deal with overtonnage [ARTICLE]

Page 17

Federation seeks measures to deal with overtonnage ASIAN AFFILIATES of the International Metalworkers' Federation (IMF) have suggested measures to try and deal with persistent overcapacity in the region's shipyards. The gruup says that international action must be taken to ensure an adequate distribution of shipbuilding orders under fair trade and

APL's appointments [ARTICLE]

Page 17

APL's appointments AMERICAN PRESIDENT Lines has appointed James B Cozine general manager for west Japan and Tom L Olsen general manager for east Japan, as part of a reorganisation of the company's Japan activities. APL has decided to create two separate districts in Japan because of higher volumes which it

SHIPPING EVENTS [ARTICLE]

Page 19

SHIPPING EVENTS -1968 T Jan 13-14 Offshore export opportunities, seminar, Royal Lancaster Hotel, London W2 (details: European Study Conferences, Kirby House, 31 High St East, Uppingham, Rutland, Leics. Jan 14 Lecture, "Merchant ship conversions the Falklands campaign," by J Hannah, organised by Nautical Institute (South West branch), 1900 hours, RNEC

SHIPPING LIST where your ships are due...and when [ARTICLE]

Page 22

SHIPPING LIST where your ships are due...and when aeiaßDgEß 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

CONTAINER SCHEDULES [ARTICLE]

Page 23

CONTAINER SCHEDULES RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival ♦or LCL movement Ship Voy date/time Operator cargo schedule Location Lars Moersk Hayakowa M Maersk Mango Niaga 22 A California Zim Eilat New Galactic Islamabad B Melor Takari 1 Or Merchant Thana Bhum HK Container Lars Ms

SHIPS IN PORT [ARTICLE]

Page 23

SHIPS IN PORT AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure Mokmur Straits Pride Vinh Tra Belait Builder 3 lyo Pine Kaptai Kim Soon Li Lin Petalmg Song Com K25W K24E K25W K11 K24E K23 K27 K31 K22 K20 K21 SSPL SSPL SSPL NAPL SSPL T Soon Sin Shpg P1L

Page 15 Advertisements

Page 15 Advertisements Column 1 [ADVERTISEMENT]

Page 15

In Search of exkuM i.wVb fnnti [ttv'vs l\iui c i w sr This runaway bestseller disects the secrets of America s most successful and has distilled their success into eight basic findings which make exceptional sense THE BOOKSHOP Orient Overseas GohLUka. Line Agents: IMDN SWPVK ASEJWES (R«. Mr 242*4/0«) 70

Page 15 Advertisements Column 2 [ADVERTISEMENT]

Page 15

JSMDB THERE WAS A time when there would hove been very little to soy in o shipping finance review except, "sign here" as bankers queued up to finance the vast amount of tonnage. Pag« II CHINA HAS MADE an entry into the sophisticated building field of the pure cor carrier.

Page 15 Advertisements Column 3 [ADVERTISEMENT]

Page 15

IN SINGAPORE: 778-6522 PROFESSIONAL INTERNATIONAL FREIGHT FORWARDING IN MALAYSIA. 558-955: -L/i MAERSK LINE K.r a ng P,nan9 V el S por. EXPORT TO USA. EUROPE. MIDDLE EAST. WEST AFRICA ASIA 'Singapore Closing Tunes CY 31/1? 0900 MRS CFS 30/1? WOO MS To California US Gulf US Atlantic East Car.ada OAK

Page 16 Advertisements

Page 16 Advertisements Column 1 [ADVERTISEMENT]

Page 16

m Y.S. LINE YAMASHITA-SHINNIHON LINE CONTAINER SERVICES Pacific South West Pacific North Wast Faadar at Tokyo Faadar at Koba Mother VSE LA/LB OAK Mother VSI SCAT VCR BfISHU M 1/2 4/2 S BEISHU M 8/2 7/2 J. APOILO 1/2 11/2 MAKO* M 10/2 13/2 ZEELANOIA 15/2 IS/2 I. ALLIANCE 15/2

Page 16 Advertisements Column 2 [ADVERTISEMENT]

Page 16

Supercarrier Service BAftKR UCTOR N ROTTERDAM 2/1 NEXT ARRIVALS N ROUEN 7/1 BARM (I TEXAS 7/1. H ROSARIG 27/1 BARBER PERSEUS 27/1 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA um rasvs BARBER TOMSK IG Mm accapto* cants tar Hwlir (MLI). Francnta Oakland. Stockten ami San ftet* I lnf*i

Page 17 Advertisements

Page 17 Advertisements Column 1 [ADVERTISEMENT]

Page 17

The Straits Steamship Group Mansfield Container Shipping Pte Ltd Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAfOSrtP SERVICES TO CONTAINERSHIP SERVICE TO UK/CONTINENT: BENALOER CITY Of EDMBURGH FRANKFURT EXPRESS HAMBURG EXPRESS OSAKA BAT KASUGA MAM BENAVON KOWLOON BAT OTT or EDMURGH FRANKFURT EXPRESS Also

Page 17 Advertisements Column 2 [ADVERTISEMENT]

Page 17

NOTICE ANT AH JARDINE SHIPPING AGENCIES SDN BHD CHANGE OF NAME This is to advise that the name of our Company will be changed to PESAKA JARDINE SHIPPING AGENCIES SDN BHD with effect from Ist January, 1986. Other aspects of Company's business remain unchanged. Franco Belgian Services I n I

Page 18 Advertisements

Page 18 Advertisements Column 1 [ADVERTISEMENT]

Page 18

K Hapag-Lloyd TO CONTINENT/UK EXPORTS On carriage to Scandmavia, Med, Carribean IS. America Wand haulage to Hand destinations in Europe Spat PKeianf Ptnanf ItmnHbJO Genoa Hbw| Kdam Bha»«n *w«rp BN Tans 10/1 12/1 M/l »/2 W 1 M Ifebatjiuah 25/1 M/l JO/1 n 2 FROM N CONTINENT 8. UK IMPORTS

Page 18 Advertisements Column 2 [ADVERTISEMENT]

Page 18

FULLY CONTAINERISED SERVICE TO EUROPE VIA SUE7*J* Mfmbff ce onsot lu Tl IRMBNORtD BROGI ?»W CrtNA CONTMKI 33W CD PARIS 3W HONGKONG CONIAHfR r FROM EUROPE VIA SUEZ Member ol the Ace Consortwn HONGKONG CONTMMR 47E ORtNTAL CHKf «M KOREAN lACERN 31E PKtbflf S port I HKonj Kjoilwif Bin i«

Page 18 Advertisements Column 3 [ADVERTISEMENT]

Page 18

Hai Sun Hup Co (Pte) Ltd 3**- JEL XXXXX06 (20 Lines) TLX RXXXXX1 A RXXXXX2 j I iKASTKKN < Alt I.INKIi. I.TI). Specialist in RO/RO Service Accepting heavy lifts upto 80 K/Tons Sailings from Japan Vnul RfGINI KAPHAS HI SOUTKJM CROSS ¥M PRHCI MARU NO t V 72 SKI NAGOVA

Page 18 Advertisements Column 4 [ADVERTISEMENT]

Page 18

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) AISO ACCEPTING LCL/FCL I fa/Fa TO GOTKMURG AARHUS COPENiAGEN OSIO. STOCKHOLM tCISMI. BREMEN BREKRHAMN MA HAMBURG LOWON SOUTHMTTON MANCtfSTER BBUBWGIMM. LIVERPOOL GLASGOW MA FELOSTOM AMSTERDAM MA ROTTERDAM US WEST COAST SERVICE FEEDER VSL SGP MOTHER VSL

Page 18 Advertisements Column 5 [ADVERTISEMENT]

Page 18

US I NOSE MARITIME PTE LTD M 0 SUN UNION LINE KARACHI SERVICE SMGAPORE P KELANG PENANG LOW FOR' VORTEK MAMO 3/1 Karadi TAIYO MARINE LINE WEST AUSTRALIA SERVICE VSI PT KELANG SPORE P HEDiAND F MANTLE PAKARTI LIMA V2S 15/1 17/1 4/2 26/1 (PHedland Geraldton subject to Inducement) EAST

Page 19 Advertisements

Page 19 Advertisements Column 1 [ADVERTISEMENT]

Page 19

\v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: XXXXX33 MID. S.E.A. CONTAINERS PTE LTD. (FULL CONTAINER SERVICE) vßuirr JAKARTA MV SEA HAWK (EVERY WEDNESDAY VOV 8601 VOY 8602 MV SEA FORTUNE SURABAYA/SEMARANG/BELAWAN (FORTNIGHTLY ETA SMGAPORE 1 JAN ETA SMGAPORE 9 lAN ETA JAKARTA 4 JAN

Page 19 Advertisements Column 2 [ADVERTISEMENT]

Page 19

BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT CONTAINER SERVICE FROM UK/ Ham6t»| Eiprtu Safcd Chjti Bit Satai Kaufi Mara Slata) Btna.on 4/1 Honfkont Eiprtss 11/1 KoiAwi Bay 14/1 B«natd*f 19/1 City ot EMwik 24/1 Frartlurt Eiprni 31/1 BHAftNRVAN Sated Sated Sated Sated JO/1? 31/12 6/1 t/1 13/1 14/1 lt/1 17/1

Page 19 Advertisements Column 3 [ADVERTISEMENT]

Page 19

DJAKARTA LLOYD INDONESIAN NATIONAL LINE f .11 iM iM i ;(i!Hi *C:T i f r -Ti fi ?PORE TO SERVICE I STORE I T HMO* SI*WAY* BUS** i COW* Vo, 27 1 </l/ 1 i/l/K 1/1/* U/t/« CONVENTIONAL SAILING DIRECT TO NORFOLK t N.ORLEAN I STORf NORFOLK NORUAA NEPTIM CTfMK

Page 19 Advertisements Column 4 [ADVERTISEMENT]

Page 19

BOUSTEAD SHIPPING AGENCIES Loikaw VIO6N Pa-an VB9* Pajan V94N Htoneywa V2O7W BURMA FIVE STAR (Bunnese National Line) Loadmg for Rangoon Spore PKelanj Penanf 31 Dec/1 lan 1/3 lan 4/6 lan 2/3 lan 2/3 Jan BANK LINE EXPRESS SOW-CONTAINER SERVICE TO UK/CONT IVYBANK SPORE R'DAM HULL HMBG 20 Jan 15 Feb

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Page 20 Advertisements Column 1 [ADVERTISEMENT]

Page 20

K LINE KAWASAKI KISEN KAISHA. LTD. USA CANADA ATLANTIC COAST (Round The World Service) S PORE LB CHLS NFK NY ST JOHN ORtNTAL DIPLOMAT V 24 6 lan 28 lan 9 Feb 11 Feb 13 Feb 5 Feb NEPTUNE PEARL V 53 12 lan 4 Feb 16 Feb 18 Feb

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Page 20

AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers liner Vrssel Spoie KABRtDAS 15 Un R AMD'S 4 f(k R»W>AS t Feb CHAMXDAS 1) Feb 30 lan t Feb ft Feb 19 Feb 21 Fri> H Feb 23 Ftb Id* 21b (Ma IS Ho 13 M* INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL

Page 20 Advertisements Column 3 [ADVERTISEMENT]

Page 20

GOLDEN LINE GUM GUAN SHIPPING (PTE) LTD 23. IcM Ayti Street SJNGAPOW 0104 TU S34WM <10 IMS) STRAITS/PERSIAN GULF SERVICE: GOIDtN KM Colombo Karachi Dubai Doha GOLDEN CUT Cotomao Aaiachi Dubai Bahrain 9/10 lan a/3# iw CHINA OCEAN SHIPPING CO.. PEKING THE PEOPLE'S REPUBLIC Of CHINA SEMI-CONTAINER/ CONVENTIONAL SERVICE MEL

Page 20 Advertisements Column 4 [ADVERTISEMENT]

Page 20

(PTC) I 10 Anson Road «27 16 International Pta/a Singapore 0207 Tel XXXXX11 (10 Lines! NWbBIA&MA-ILMMB O BREAKBULK SERVICE TO EUROPE/UK S pore P. Ketint Loadnf tor SOUTHERN PACfIC XXXXX21 21/12 30/12 ROT/ANT'UK (AVON) ANANGEL PEACE 88J5923 4/1 ROT, ANT UK (AVON) Afents SncKMft MTRASEA (PTE) LTD BOOKHG 224«5U II

Page 21 Advertisements

Page 21 Advertisements Column 1 [ADVERTISEMENT]

Page 21

NOL NEPTUNE ORIENT LINES LTD Agents S pwt NEPTUNE AGENCfS PTE HD let No ottice Tenwnal CFS BOOKKGS XXXXX7) HEU MBI IP* SEA XXXXX77 XXXXX22 XXXXX53 OS OMECT lINES 27*5753 XXXXX42 I Bihiii HARPER WRA SON Btt) XXXXX0 P Keiang HARPER SON BHD XXXXX1 XXXXX1 P la,a HARPER WKA SON

Page 21 Advertisements Column 2 [ADVERTISEMENT]

Page 21

spi»l turns N» PTIINI AGENCIES PTE 110 Tel 2/8997/ ?;gS4}4 ißooimfsl XXXXX10 XXXXX22 (Ope.jt.omt XXXXX8 7 XXXXX84 teimmjli XXXXX50 XXXXX04 (CES) mii «»si» »unis TUNAS SEIIA SDN BHO Ki 1H J PK Ift XXXXX4 PIN M 36/37S 3674/S CEYLON SHIPPING CORPN National Line of Sri Lanka FULLY CONTAINERISED SERVICE TO

Page 21 Advertisements Column 3 [ADVERTISEMENT]

Page 21

SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Telephone Numbers XXXXX3 (15 Lines) Cable Address SINSOV SMGAPOtt Telex Numbers RS XXXXX RS XXXXX RS XXXXX P. KELANG PHONG MESSRS H/U THONG SHPMNG 127 Penang Street Penang M/S SHARK AT NAH SOON SON BHD IST

Page 22 Advertisements

Page 22 Advertisements Column 1 [ADVERTISEMENT]

Page 22

r Kc<|Ummil (lontahier Ums SPORE VESSEL SOUTH THAILAND SERVICE VESSEL VOV ETA S'POflE RATANA BMUM 50N S»l*<l RAT ANA BHUM 51N 2 J»n RATANA BHUM 52N IS J«n RATANA BHUM 53N 23 Jan ETA ETA SURAT THANI SONGKLA Sailed lnPt/30 D*c 9 Jan 11/13 J*n 23 Jan 25/27 Jan 30

Page 22 Advertisements Column 2 [ADVERTISEMENT]

Page 22

V? QJ si ftRCO SHIPPING tOMPMY (PT[) ITD EXPRESS CONTAINER SERVICE SINGAPORE/BANGKOK -4 SAHINGb W££KIY PI V A BHUM SKI BHUM SEA GLORY PIT* BHUM Voy 17N 252K 8601 18N Spore 1/1 lan 3/4 Jan 5/5 lan 8/9 lan Bkk 3/4 lan 7/1 lan 8/9 lan 10/11 lan Acceptmf both

Page 22 Miscellaneous

Page 22 Miscellaneous Column 1 [MISCELLANEOUS]

Page 22

simß ®c cr 1 Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R, Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots lUin Wave height Cloudy Sky Surface winds are Indicated by arrows which fly with the

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MtSC AGENCIS K. LUMPUR P. KELANG PENANG P. GUDANG j. BAHARU LEOSHP SPORE XXXXX55/XXXXX56/XXXXX45/XXXXX53 XXXXX1/4 TERMMAL 3SS3SI/2 XXXXX2/XXXXX3/XXXXX4/XXXXX3 XXXXX3/XXXXX5/XXXXX1/XXXXX0 XXXXX8/XXXXX8/XXXXX5 XXXXX22 FAR EAST/EUROPE CONTAINER SERVICE TO FUTOPt FFEDE* 21.1 Ml *2 I 6 2 21.1 12* 1 211 3.2 11 'w ■MiMimnFrMnii 11 'M'."-MF!TT7y nTTTTf 11 'I'lminiimiiTil 1n il l

Page 23 Advertisements Column 2 [ADVERTISEMENT]

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P. T. WASESA LINE YESS^. NMGA XXXIX VIB 15/15 MATE** Y EB 14/15 WEEKLY SERVICE TO JAKARTA ETA HD LOAOMG FOR: 21 Dec 31 Det Jakarta 30 Dec 2 lan Panjant/lakarta 4 lan S lan Mwafc/Paniant Representative JOO HWA SHPPMG (PTE) LTD., 215 MM STREET. SINGAPORE. 1719 TIL XXXXX34, 2*3187

Page 23 Advertisements Column 3 [ADVERTISEMENT]

Page 23

Authorised Consolidators for APL American Pacific Lines. Inc APPROVED RATES Consolidator of Consolidators Closing Dares 21/1 1200 hrs 28/1 1200 hrs HHEaail Loading for all Inland Deatlnations Atlanta. Boston Chicago. Cincinnati. Cieveland Dallas Detroit. El Paso. Houaton. Indianapolis. Kansas. Milwaukee Miami New Orleans Phoenix, San Antonio. Savanah. Soring Field. Tusco

Page 24 Advertisements

Page 24 Advertisements Column 1 [ADVERTISEMENT]

Page 24

fff n nrvincrpnnn\ n EXPRESS CONVENTIONAL SERVICE IBr MjfflVlHMD 10 »*> from w/cohtont •TO: EUROPE TG MAM SPORE PKEIANG PfNANG FOR U«>« SM ki Pact 31/1 lan UK IHAYRE RIM HBG BMEN »*ERP BENIAMAS 2/3 lan 4/7 lan MM HBG ANERP FROM EUROPE: PfNANG f KEIANG SPORE BKK FRON BENIAMAS

Page 24 Advertisements Column 2 [ADVERTISEMENT]

Page 24

CHINESE TANZANIA LINE Regular Conventional Service from S.E. Asia to Red Sea/Mediterranean. VESSEL BLT ETA LOADING FOR: Ruvu 1976 20/1/86 Hodeidah, Jeddah, Alexandria Pinggu 1977 12/2/86 Hodeidah, Jeddah, Alexandria *Port Said, Aden and other Mediterranean ports sub ject on inducement. General Bookinj Ajents: S pore Lucky Seaway Services Pte Ltd

Page 24 Advertisements Column 3 [ADVERTISEMENT]

Page 24

C.Y. LINE (A Member Of The ACE Consortium) CHO VANG SHIPPING CO. LTD fUUt COMMMISIO SERVICE TO (Ktt SUH) TRANSNORID BR CGI 24* CHMA CONTAMR 33* C R PAWS 3N HONGKONG CONUMR 4IN Rdjm FtIMK H'bw| Brnti 20/1 21/1 23/1 25/1 2«/ l 27/1 21/1 34/1 1/2 2/2 J/2 4/2

Page 24 Advertisements Column 4 [ADVERTISEMENT]

Page 24

"PERUVIAN STATE LINE" A <01 CalUo *UU>*» «0 ind* oth« Ptfuma" poets »'tti tunshipment jl Hot* 9 On tPV Ihtouffi Ms o) la<Mt to tmal d«ti(Utio<i d Penanj* P. KeUnf Smfjpoff S MURRAYEVIRfTT 31/2*" Jan A THOMASEVfREU »/ll 1» 12/14 <» E HUGHEVIRETT 23/24 ian A "EVERETT ORIENT LINE" 5

Page 24 Advertisements Column 5 [ADVERTISEMENT]

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ZIM ZIM EILAT CONTAINER LINE Spwt Ual Inette Hopr tarn r»*» m SJNGAPOW 6/1 24/1 4/2 5/2 2/2 »/l m TWESTt 25/1 1/2 U/2 n/2 17/2 l</2 Accepbrvj FCI To Ewopean and MetKerranean Ports Mm LCL/FCL to 4 witaA destratwns r Italy Austria. Switzerland. Yutoslama and West Germany Acceptnt FCI