The Business Times, 22 May 1986

Total Pages: 26
1 26 The Business Times
  • 11 1 BUSINESS TIMES M.C. (P) No. 192/12/85 THURSDAY, MAY ISBC 75 CENTS
    11 words
  • 478 1  -  STPB considering consultants from Singapore and five countries By SHAHRIR ARIFF GOOD MEDIA COVERAGE to help promote Singapore as a value for money tour destination is worth $1 million. This is the sum the Singapore Tourist Promotion Board will be spending
    478 words
  • 178 1 Reuter TAIWAN is considering lifting some of its foreign exchange restrictions to allow individual investment in foreign corporate bonds and stocks. A central bank official in Taipei said yesterday that the measure was aimed at cutting the country's rising foreign reserves, which stood
    Reuter  -  178 words
  • 349 1 THE MINISTRY of Labour has assured electronics companies that there will be enough workers to meet their needs. A Ministry statement yesterday said companies facing a labour shortage because of a surge in export orders can apply for a one-year extension for existing Day Work Permit
    349 words
  • 227 1 AMERICAN electronics companies in Malaysia are predicting an upturn for the Malaysian electronics industry, boosted by rising demand. The Malaysian American electronics industry, made up of 13 US companies including Texas Instruments, RCA and Hewlett Packard, issued a statement yesterday saying the worldwide semiconductor industry
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  • 227 1 SINGAPORE Shipbuilding A Engineering Ltd (SSE) has secured a contract worth $30 million to build six inshore patrol vessels (IPVs) for the Indian Coast Guard. The |30 million contract follows recent multi-million jobs awarded to Bethlehem Singapore, Sembawang Shipyard, Sembawang Engineering and Far
    227 words
  • Article, Illustration
    93 1 FRESH BARGAIN-HUNTING In CPF tmtee ami selected bdaatrial stocks pifcti the market higher yesterday. The Straits Times Industrial Index reeevered nil the lesnes el the pnst few dnys when it pnt en n sizeable BJ2 peints at 5M.11 and leeks set to ernes the Ml peyehelegleal harrier effortlessly.
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  • 336 1 JAPANESE GOVERNMENT and machine tool industry officials said yesterday that the US call for restraint in machine tool exports from Japan and three other countries was "disappointing". President Reagan on Tuesday called for export restraints by Japan, Switzerland, West Germany
    336 words
  • 126 1 AP BANGKOK'S maverick governor Chamlong Srimuang, who practices Buddhist virtues, has warned that he may take disciplinary action against any city officials who give him presents for his birthday. His secretary, Winai Sompong, said yesterday that the governor issued the warning in a meeting with
    AP  -  126 words
  • 359 1  -  By ALVIN TAY ALPS ELECTRIC, one of Japan's leading manufacturers of electronic components, yesterday became the fifth Japanese public-listed company in the last six months to issue bonds with equity warrants on the Asian dollar market. Daiwa Singapore will once again be
    359 words
  • 205 1 AP SKIDDING petrol costs sent American consumer prices down 0.3 per cent in April, the third straight monthly drop. The US government said yesterday that this was the biggest three-month price drop in 37 years. For the first four months of 1906, prices
    AP  -  205 words
  • Page 1 Advertisements
    • 172 1 Ultra. If II change the way you play. Sote Agent: fKffAL SPOKMG HOC/SC Tel: *****55 Get the most competitive rates on fixed deposits and savings accounts at UMBC FIXED DEPOSITS 1 month (minimum $5,000) 3 months 6 months 9 months 12 months tills nia, 1 js=a ■Mil I 1 nMii.iJ
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    • 264 1 Reagan urges allies to curb tool exports, Pago 5 SHARE INFORMATION MONEY A EXCHANGES CROSBWORDS TV A RADIO THANKS, PSA, for easing difficulties in the shipping industry by offering various concessions and tariff cuts. More rebates however, would be welcomed. Now is the time for the port authority to soldier
      264 words
    • 47 1 \?=]'(}[]&=!)?._&*_^&%{--(;$`<= PI nvniivp SUNDAiS The most flights to Brunei Darussalam. More convenience, more choice. Royal Brunei Airlines. With more flights to Negara Brunei Darussalam than anyone else: departing Singapore twice daily at 11.30 am and 9.10pm and with JSr additional flights on A L Fridays and Sundays. BRUNEI
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  • HOME NEWS
    • 295 2 SINGAPORE'S second trade office in China will be inaugurated next month by Second Deputy Prime Minister Ong Teng Cheong. The Shanghai office will be ppened on June 2, a day before Mr Ong returns to Singapore af|er a 12-day official trip to
      295 words
    • 257 2 CRUISING at two thousand feet above Singapore in a small helicopter that shook, rattled and rolled, left several civil servants with frayed nerves yesterday. But their half-hour aerial tour of the island and a morning seminar on the commercial uses of helicopters probably shattered
      257 words
    • 42 2 TOKYU Department Store of Japan recorded a turnover of 273 billion yen in its financial year ended Jan 31, 1966, and not 2.73 billion yen as stated in a BT report on May 20. We apologise for the error.
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    • 627 2  -  By JEFFREY TSANG WITH THE» profit margins being squeezed by the sharply rising value of the yen, motor dealers are renewing their appeal to the government to modify the import duty structure for cars. The 54
      627 words
    • 167 2 ART DONATIONS to museums will soon be exempt from tax and estate duty to encourage more individuals and corporations to share their cultural wealth with the country. Mr Wong Kan Seng, Acting Minister for Community Development, announced the government's decision yesterday at
      167 words
    • 252 2 ELEVEN Singapore printers and publishers will take part in the American Booksellers' Association (ABA) Convention A Trade Exhibition in New Orleans from May 24 to 27. The companies will show general, educational and children's books at a trade stand, under the umbrella of the
      252 words
    • 615 3  -  By ELAINE KOH MIND THE THREE Ps positioning, people and performance if you want a crack at success in managing the small business. This is the advice of Mr John Ho, the managing director of Rentokil, to those intending to start their own business, perhaps leaving
      615 words
    • 131 3 (Chinese) >Ik \kU S Positioning rfJ tif] ft? Or People 41 mA*) VX Performance SSRentokil H&3LrtW&ttU tf6»J>lk6^ •m A±±Rm*MA ft o SB toft *«#> fsj££i£: »c#frJ4kft:s* ®*j£&ft n (&«*<+££ #uft Ifrsmtm jjp U#toftlT4kit fj mtt'<f*dis£i°]m tfsK fit fit o A-ilH+m Hsfc£2i£: iett £m(WJl3£j£ft o m mi Hsfc£ifc: "H f* —I
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    • 411 3  -  By LISA LEE THE National University of Singapore's School of Architecture has set up a pioneer course in computer architectural modelling at a cost of $2.6 million. In July, about 130 students from the first and fourth years will take the course, believed to be
      411 words
    • 274 3 COMPUTERS may very well find their way into classroom teaching, if a study by the Ministry of Education on computer-aided-instruction (CAI) shows that it could be successful. At the moment, microcomputers in secondary schools are used only in "appreciation clubs" and primary schools have
      274 words
  • Page 2 Advertisements
    • 380 2 Margins on retail goods squeezed, Pege 15 .}@*->~"]&;?$+"%){-]*&}\_\"_*<) There are only two cars in the world whose bodies are totally zinc galvanised against corrosion. Audi and Porsche. It is the ultimate protection against a world that is hostile to metal surfaces. Audi's totally galvanised body has a distinct advantage over
      380 words

  • Page 3 Advertisements
    • 894 3 CONDOMINIUM -irrr Luxurious Townhouses (470 sq.m) Maisonettes (268-312 sq.m) Apartments (152-191 sq.m) In one of the most sought-after condominiums, available for sale as an investment with good rental return. k Large swimming pool iftfr Clubhouse 2 Squash courts Tennis Court Saunas In a secluded, elevated location surrounded by mature trees.
      894 words

  • OVERSEAS
    • 477 4 Fears of higher unemployment and unproductive industries Reuter THE INCREASING transfer of Japanese production overseas is fanning fears the country will be left with unproductive industries and high unemployment, some economists and industrialists say. "The strong industries want to survive on a global scale,
      Reuter  -  477 words
    • 261 4 Reuter INDONESIA has rejected allegations of human rights and environmental abuse in its controversial scheme to resettle millions of people from crowded Java to other less populated islands. The allegations were made in London last week in a report by human rights and environmental
      Reuter  -  261 words
    • 195 4 AFP THE LIFE of Benigno Aquino, the assassinated husband of President Corazon Aquino of the Philippines, will be made into a mini-television series by a US producer. The series was expected to be brought before 50 million viewers on television screens across the US, the
      AFP  -  195 words
    • 805 4 ARRIVALS Operator Service number Local time From SIA SQ117 0005 KUL LUFT LH688 0010 FRA/DXB UA UA805 0010 JFK/SFO/HKG RBA BM43 0330 BWN MAS MH68I 0620 KUL MAS MH811 0910 PEN MAS MH671 0920 KUL SIA SQ103 0950 KUL AC AC858 0950 YYZ/LHR/BOM CPA CX710 1015 CGK
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    • 356 5 AFP PRESIDENT Ronald Reagan has called for voluntary curbs by Japan, Taiwan, West Germany and Switzerland on their machine tool exports to the US. The administration wants a five-year voluntary programme to cut overall machine tool imports currently around 70 per cent to
      AFP  -  356 words
    • 107 5 AP WESTINGHOUSE Electric Corp says it has developed a bomb detector that can curb attacks at airports, embassies and other terrorist targets. Westinghouse spokesman Robert Benke said: "We think it's the most accurate there is... We have evaluated other methods of detection at our labs, things
      AP  -  107 words
    • 322 5 Reuter THE US ECONOMY'S surprisingly strong 3.7 per cent growth between January and March may be deceptive because much of it results from a build-up of unsold inventories, economists have warned. "I'm surprised but not really delighted," Cynthia Latta, a senior financial
      Reuter  -  322 words
    • 181 5 Reuter THE WORLD will have to create 47 million new jobs every year for the next 40 years, mainly in developing countries, to find work for newcomers to the global labour force and to overcome unemployment, the International Labour Organisation (HO)
      Reuter  -  181 words
    • 282 5 Reuter THE WHITE HOUSE has reported progress in its battle to overturn a congressional ban on a controversial arms sale to Saudi Arabia, but said more votes were needed as the deadline for a presidential veto neared. President Ronald Reagan had until
      Reuter  -  282 words
    • 387 5 UPI NORMAN R AUGUSTINE, the president and chief operating officer of Martin Marietta Corp, desperately wants the American business community to get its act together. "American business is one of the ingredients that led to the enormous success of this country," said Mr Augustine, conceding
      UPI  -  387 words
    • 140 5 AFP THE INTERNATIONAL Monetary Fund (IMF) should sell half of its gold to raise money to ease Latin America's US$35O billion foreign debt. This recommendation was made in Panama City on Tuesday by Jorge Gonzalez del Valle, director of the Latin-American Centre
      AFP  -  140 words
  • Page 4 Advertisements
    • 251 4 Canon The Canon Office: where you can still b Duy den Everybody wants a good product at a cheap price. But at Canon there's another perspective to 4 'good and cheap". In what sense is Canon Office equipment "good and cheap'? WHAT'GOOD'MEANS AT CANON. It means technology that's so advanced
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    • 161 4 I 3 11% /I I J/\ Every Tuesday, Thursday, Saturday I II \I I I A/-\| and Sunday. Leaving Changi Airport I V JLI—JLL at 22:05 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel Agent. AIR CANADA One word that means a
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  • Page 5 Advertisements
    • 97 5 gas*—r r Dailyto San Francisco and Seattle. Only United offers non-stop flights to both San Francisco and Seattle from Hong Kong every day of the week. And once you're in America, United can fly you to more cities than any other airline. Because United is America's biggest airline with a
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  • Page 5 Miscellaneous
    • 33 5 yOURB ASKIN6 MB? BUT I THOUGHT I MSAM&STAL UJBII.VOU CASB-MYSBIF! ARB, BUT.. m m 6> m BY GARRY TRUDEAU B Ms ifn m UMTMS THAT OVER yOURHBAP 2 I NOTHING. WHAT ARB WPOfNG
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  • BANKING AND FINANCE
    • 460 6  -  Expansion plans will proceed By ALVIN TAY BARRING unforeseen circumstances, the directors of the International Bank of Singapore (IBS) are confident that the bank will be able to achieve better results for 1986, said its chairman, Mr Lien Ying Chow. Mr Lien said
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    • 283 6 Bernama THE AMANAH Saham Nasional(ASN) is said to have mobilised a large chunk of bumiputra savings in Malay- sia, attracting net investments of MH,986.4 million by 2,077,106 investors up to February since its launching five years ago. ,According to the latest issue of guara
      Bernama  -  283 words
    • 178 6 Reuter THE FOREIGN CURRENCY assets of Australian trading banks rose to an average of A 57.43 billion a week in March from $6.96 billion in February and 3.63 billion a year earlier. Australia's Reserve Bank said foreign currency liabilities rose to an average
      Reuter  -  178 words
    • 380 6 Reuter AN ATTEMPT by the Japanese government, to internationalise the yen through increased foreign ownership of Treasury bills is being frustrated by its own regulations, securities dealers said. Foreign central banks have withdrawn from the market since the introduction of a complicated book-entry system for
      Reuter  -  380 words
    • 197 6 Reuter JAPANESE CAPITAL outflows remained large in April, even though domestic investors were net sellers of US bonds in the first half of the month, a senior Bank of Japan official said. The selling represented profit-taking, not an underlying shift in Japanese investor portfolios
      Reuter  -  197 words
  • MONEY AND EXCHANGES
    • 608 6 SINGAPORE The US dollar closed firmer against most major currencies yesterday on increased short-covering in moderately active trading. The greenback was underpinned by news of a larger-than-expected 3.7 per cent rise in US first-quarter gross national product growth data compared with an earlier estimate of a 3.2 per
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    • 267 6 HONGKONG: The metal closed slightly easier in moderate trading yesterday in spite of early selling pressure on the offshore rise in the US dollar. Bullion closed at U*****.85/339.15 per ounce compared to New York's $339.00/50 finish and Tuesday's close here at $340.50/80. On the local market, gold closed at
      267 words
    • 233 6 Interbank rates at 3pm yesterday: •id Offer c« -ooa parity change Locol dollars to OM unit of foreign currency: US dollar 2.2270 2 2280 2 8196 -21 02 Sterling pound 3 3772 ***** ***** -54 03 Austrabon dolor 1 6067 1.6119 3 4286 -53.14 NZ doltor 1 2404
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    • 358 6 BA Futures EURODOLLAR futures gapped sharply higher yesterday from Tuesday's close as market sentiment turned bullish as a result of the unexpected direct supply of reserves by the Fed. The September contract traded higher to 92.98 after opening 14 ticks higher at 92.95 on the Simex. Prices remained firm
      BA Futures  -  358 words
    • 120 6 THE OVERNIGHT rate on the Singapore interbank money market fell by 3/8 point from Tuesday to close at 4 3/4 per cent yesterday. The term rates remained unchanged across the baord. S$ Interbank rates at 7pm yesterday: CW„ Bid Over"•«h» 4 3/4 4 5/8 1-month 5 3/16 5
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    • Article, Illustration
      263 6 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels in light trading yesterday. Periods were about steady to 1/8 point lower due partly to the US Federal Reserve's additions of funds into the US government securities market via two-day system repurchase agreements. Thereafter, rates remained unchanged. Mcates the
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  • Page 6 Advertisements
    • 78 6 ttkyi Choose from 91/ Kampachi s exquisite ftAMPAcw Japanese Set Lunches Japanese Restaurant The lofty prices and unfamiliar assortment of \apanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of japanese lunches. Priced at only $16++ per set,
      78 words
    • 79 6 GB Building When less means more. i !1 ■J H k' 0 M 3 Notice the vast, unobstructed space in the floor plan above. Notice the absence of columns and odd, unusable corners. This is a typical floor plan in GB Building. It allows you total creativity in office planning.
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  • WORLD BACKGROUND
    • 1473 7  -  Action against Tamil guerillas threatens resurgence of ethnic strife in Sri Lanka By ASAD LATIF THE ETHNIC CONFLICT in Sri Lanka is a classic case of history suddenly coming alive and intruding into every area of national life to the extent of threatening a
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    • 678 7 Reuter "A BUNDLE of belongings isn't the only thing a refugee brings to his new country," proclaims the slogan on a United Nations poster above the furrowed brow of Albert Einstein. Most people will have heard of Einstein, Nobel prize-winning physicist,
      Reuter  -  678 words
  • Page 7 Advertisements
    • 106 7 SUPER VALUE PACKAGES FOR THE BUSINESSMEN CUM PLEASURE TRAVELLERS WORLDWIDE HOTEL RESERVATIONS First Class Hotel at contracted rates from $36 per person per nite •Malaysia Hotel from $17 per person per nite USA AS U LIKE •4 nites accommodation airfare $2080 •7 days Greyhound Ameripass airfare $1999 Campervans $145 per
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    • 49 7 Now it's747s all the way to Frankfurt. iSfiKiii if 1 v <V Lufthansa's 3 one-stop flights to Frankfurt each week will now be 7475. This means increased seating capacity in every class, on every flight. And, for the first time, a substantial cargo capacity. Lufthansa German Airlines 8 5
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  • FEATURES
    • 535 8 NO ONE CAN DISPUTE that Singapore's harbour facilities are among the best in the world. The Port of Singapore Authority takes the credit for this, and for the port growing from strength to strength since the first container ship berthed here 14 years ago. Today, the port's
      535 words
    • 1253 8  -  Republic set to receive at least $400 m worth of new investments this year The message is made clearer that there are alternative locations for Japanese investors in South-east Asia. LOH HUI YIN reports from Tokyo on the visit to Japan last week by the
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    • 313 8 i tetters to the Editor Dear Sir, The proposed OCBC Executives' shares option scheme needs further qualification and clarification. Looking through the proposal, there appears to be no linkage between the executives' share options and the profitability of OCBC OCBC's profit
      313 words
    • 188 8 Dear Sir, A letter from me on the subject of 'dividend franking rate' was published in BT on March 26, 1966. In that letter, I asked about the status of dividends already paid and franked at 40 per cent, the previous corporate income tax
      188 words
    • 159 8  -  Yee Lian Sim, Deputy Director, latemtknal Department, MAS Dear Sir, May I clarify why the MAS believes there is a need to develop expertise in Government securities, a point that was touched upon in your leader on Friday, May 16, 1966. When you describe Government
      159 words
  • Page 8 Advertisements
    • 114 8 Isn't it time you improved your reading level? Send me one year of The Asian Wall Street Journal. The Asian Wall Street Journal can't help you get ahead if others are getting it ahead of you. Just mail the coupon, and get your own Asian Journal delivered for a full
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  • Page 8 Miscellaneous
    • 39 8 BtoStc^F»afci)icfcer£ DID YOU Notice RNyTMitJG ODD ft&OOT TrtFYT CHftP? HIS CUFFS UCR£ H6XD TOGETMe-R CUPS.. >C r±*x RftO INSTEAD OF BUTTONS ON HIS SHIRT rRONT H6 He CI£KICRL eQuivPiLeNT or Jim Sg^Dy.. SP <£H %ati) te QtJ-~ iW I
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    • 635 8 CRYPTIC PUZZLE ACROSS I A letter possibly worse to reod casually (6) 7 Figures beer is tor a country man (8) 8 A good-hearted thrust' (4) 10 In general, an old movie pond (6) 11 Current admission of paternity' (6) 14 Even incomplete (3) 16 Lucky frocfure? (5) 17 Agd
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  • SPORTS
    • 495 9  -  Half a point ahead of Sembawang in Ladies Premier League By WALTON MORAIS WARREN Golf Club moved back to the top of the Ladies Premier League table after winning yesterday's fourth round at Sentosa. Beginning the day half a point behind leader Sembawang, Warren regained the
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    • 438 9 Reuter SWEDEN'S chances of winning tennis's World Team Cup were threatened for a while on Tuesday by Australian Pat Cash, the former top 10 player who has slipped to number 245 in the world. Cash put up surprisingly stiff resistance to Sweden's Joakim
      Reuter  -  438 words
    • 68 9 Reuter PRIZE MONEY on offer in world professional squash events may reach US$l million by 1987. The International Squash Players Association said on Tuesday that with at least six new events to be added to next year's squash calendar and the possibility of an overall
      Reuter  -  68 words
    • 351 9 UPI THE 1986 WORLD CUP probably will open with a flurry of games in which tactical play will dominate, Italian soccer coach Enzo Bearzot predicted. The mentor of the defending champion has been emphasising short, crisp passes and teamwork during both practice and in
      UPI  -  351 words
    • 259 9 UPI BRAZIL'S World Cup soccer team trained on Monday amid cautious optimism, with injured stars Zico and Cerezo taking part in a light kickabout for the first time. Team doctor Neylor Lasmar said it was too soon to say if the two top midfielders
      UPI  -  259 words
    • 90 9 Reuter WORLD CUP finalist Canada was outclassed 3-0 by an un-der-strength Wales in a friendly international in Vancouver, British Columbia, which attracted a crowd of just 9,007 on Monday night. Although they did not have to face lan Rush and Mark Hughes, the Canadian defence
      Reuter  -  90 words
    • 208 9 Reuter DENNIS CONNER, the US skipper who lost the America's Cup to Australia in 1983, is turning to his conquerers for the technology to help recover it. Conner wants Sydney mastbuilder Mike Bell to supply two U5546,800 masts for his New York Yacht
      Reuter  -  208 words
    • 216 9 UPI THE GRANDSTANDS for the 1986-1987 America's Cup yachting extravaganza will travel at a little better than 12mph. That's a lot slower than the sleek 12-metre competitors. But not bad considering the floating bleachers will seat 50,000, tower seven storeys above the sea and
      UPI  -  216 words
  • Page 9 Advertisements
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  • Page 9 Miscellaneous
    • 1114 9 to mm I v r. iL Counterfeit is their business. PRE-HOLIDAY MOVIE "The Seven-Ups" 10.30pm, Channel 5 "The Seven-Ups" are no bubbly pop group, but a group of police detectives whose targets are hardened criminals. Roy Scheider is Buddy, the leader of "The Seven-Ups", whose latest assignment is to bust
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  • INTERNATIONAL STOCKS
    • 276 10 Reuter BURROUGHS CORP said its offer to acquire Sperry Corp for US$75 per share was to remain in effect until 1700 Eastern Daylight Time yesterday. Burroughs said in a statement its senior officers were in New York and available to resume negotiations. Sperry said on Monday
      Reuter  -  276 words
    • 146 10 AFP BRITISH AIRWAYS is to spend US$B million on a campaign to woo back US tourists who are shunning Europe for fear of terrorist attacks. British Airways marketing director James Harris told a press conference in London on Tuesday that the airline
      AFP  -  146 words
    • 30 10 Reuter OFF-FLOOR dealer trading on the Amsterdam Stock Exchange, introduced on May 5 for a sixmonth trial period, is making encouraging progress, exchange chairman Baron van Ittersum said.
      Reuter  -  30 words
    • 320 10 Reuter WALL STREET moved sharply higher at Tuesday's close, as recent concern over oil prices and interest rates was defused by strong drops in both. An unexpected 3.7 per cent rise in first-quarter GNP unnerved traders at first, but eventually dropped out as
      Reuter  -  320 words
    • 127 10 MAY 20 AbtMbt a 24* knp Oil hco Int Prov Pip* kl Intl 43 17* 43* 21* unch Ale on 40* K«fr Add Lobtow B 15* 13 Bonk Moot 32* Mouir F««g Mc BkxM 3* 35 inch -1* Bonk Novo Scotia M Canodo 39* 30 inch unch Motion A
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    • 198 10 MAY 20 Umi INOUSTtlALS Un Stael Wootrru 67 IMGS unch A Alpha 1000 212 unch +7 4350 50 1150 -25 *****6 men 505 1725 23 AM^" 59 4200 -100 Battels 7150 50 1700 10 1240 40 C G Smith 2800 2500 200 CNA 240 Cume Financ* 495S 2510 45
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    • 665 10 MAT 20 uss Alcon AJurrwi Aicoo 29* 38* AJag M AJM Sag 22* 48* 4* AJbad Stores Aks-Chahnars Am Brands Inc Am Can Co Am Cyananad Am EWc Pwr Am ExpraM Am Homa Prod Am Motor* Cp AmTdt Tal... Amox lr»e Amoroda H«u Amoco Corp Amr Corp Aimco
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    • 617 10 Amsterdam MAY 20 Hi ABN 549 00 2 ***** 1 Ahold 78 20 0 7 163 60 3.8 152 20 -0 3 AMEV 76.20 -0.6 M00 -02 Am Stod 117.00 -0.8 B«rV«4 31.20 02 682 00 25 Bo*hrmon T«tt«r odt 157 50 3 5 593 00 3 EJmvw
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    • 141 10 Reuter HILLSDOWN Holdings PLC is disappointed by a British government decision to refer takeover bid approaches to SAW Berisford PLC by it and by Tate and Lyle PLC to the UK Monopolies and Mergers Commission. Hillsdown said that it would "consider its position in the light
      Reuter  -  141 words
    • 71 10 Reuter US OIL COMPANY Amerada Hess Corp has asked Britain for permission to delay development of two North Sea oil fields because of the fall in oil prices. A British government spokesman said a decision would be made "in due course". The recoverable reserves of
      Reuter  -  71 words
  • Page 10 Advertisements
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      665 words
    • 227 10 Charlotte $3.50 That's not all! Come on over and enjoy the largest selection of strawberry creations ever. All prices subject to 10* service charge and 3* government tax. STRAWBBKYHUR-MAY7ID3I Cafede Prince CR^wn ®PMNCE HOTEL •IHtHM Man«gfd bjr Pram Hotel* japan Continuing the Prmce Hoteta tradition oi friendly aemct 270 Orchard
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  • ASIAN STOCKS
    • 366 11 HONGKONG: Share prices yesterday closed higher with the market buoyed by encouraging economic data and speculation that local interest rates would be cut. The Hang Seng Index ended 17.67 points higher at 1,794.94 while the Hongkong Index rose 10.61 to 1,116.58. Turnover for the half-day session was HK5306.59 million
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    • 263 11 NT Kokn 27 50 03 Al Sincere ktdus Asm Cement Cothoy Coos Chang Hwa Bank 114 24.40 30.50 43.40 -0 02 +0 1 01 0 2 +0.1 +0 1 -0 05 0 2 0.2 0.1 04 0 05 unch 0 2 0 1 0.2 0.8 Kuochan Dev Lee Chang
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    • 432 11 TOKYO: Share prices yesterday surged in moderate trading with buying spread across a broad front of export-related, domestic-orient-ed and speculative issues. The market average gained 118.16 to close at 15,808.14. Turnover was 460 million shares against 300 million on the previous day when the average lost 7.55. The Tokyo
      432 words
    • 57 11 MAY 21 Pm Oriental B Ph4 Over*eo» Phrfex B 0.012 unch 0.016 unch ***** unch Acore Mjr*ng 0013 unch Alios Coo B Boguao Gold 13.50 -0 5 yjfi B ***** inch Baste Petroleum Benguet Con. B Fr$t PhJ Hkigs 80 32 Sim* Dortoy 9 40 mch ***** -0 005
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    • 329 11 SYDNEY: Australian share markets yesterday closed slightly easier as early bargain hunting gave way to further selling in leading industrial stocks. Brokers said heavy trading in BHP gave some support to the bearish market. The All Ordinaries Index closed 4.1 points down at 1172.3 after reaching a high of
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    • 86 11 MAY 21 Won unch 10 Hyundai Const Hyundoi Motor KAL 910 2200 1145 -6 +905 25 Choheung 0k 660 Korea First 716 +9 Commercial Bk Daefcm Ind Daewoo Corp 710 545 951 5 4 -10 Yukong Korea v*p Lucky Ltd 2601 439 1119 100 4 •11 1265 •10 +6
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    • 136 11 BANGKOK: The Securities Exchange of Thailand Index yesterday fell 0.04 point to 129.75. Turnover was 85,693 shares valued at 10.1 million baht. MAY 21 MMI Sertmuk Siam Cement 461 2 Ao Kham Thai Asia Fibre Ayudhyo lnve*tment Bangkok AgroV»d Bangkok Bor* 26 181 -05 2 Smvt< Citizens Starry Citizen*
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    • 60 11 Oana-Yonhap SOUTH KOREA'S Samsung Precision Industries Co and Northrop Corp of the US have concluded a contract for the sale of aircraft parts for 50 large passenger planes. A Samsung official said in Seoul yesterday that US$2 million worth of parts would be shipped to the
      Oana-Yonhap  -  60 words
    • 235 11 Reuter THE ACTING CHAIRMAN of San Miguel Corp (SMC), Andres Soriano, has met Philippine President Corazon Aquino to present a proposal on the dispute over the acquisition of the company's shares. Presidential Palace sources in Manila yesterday gave no details, but said that Mrs
      Reuter  -  235 words
    • 304 11 AFP AUSTRALIAN Prime Minister Bob Hawke left Beijing yesterday for Sichuan province after the signing of a Sino-Australian joint venture agreement involving one of China's largest ever overseas industrial investments. The 30-year accord, under which China would invest 10 per cent
      AFP  -  304 words
    • 154 11 AFP JAPANESE motor giant Mitsubishi will close one of its three assembly plants in Indonesia after losing U5522.5 million there over the past two years. Sjarnubi Said, the president commissioner of the Krama Yudha Mitsubishi group, which covers six companies, said
      AFP  -  154 words
  • Page 11 Advertisements
    • 504 11 »i)/> i td ill ■OKAv:-* Malaysian Food Festival Buffet Lunch Dinner May 15-31 Adult: $14 Child: $10++ SPECIAL FEATURE Friday Vogue May 16, 23 &30 Showtime: 1.15pm LEVEL 4, Paramount Hotel, Marine Parade Road, Singapore 1544. Tel: 344-5577 J < Exdusive Pool Membership for only $15 a month For as
      504 words
    • 195 11 6TH ANNIVERSARY SPECIALS $88++ (For 4 persons) ABALONE/LOBSTER Set Menu Braised whole aba tone in oyster sauce Braised lobster in chilli sauce Hot-plate fned chicken Sichuan style e Crab meat with Tientsin cabbage e Hot ft sour soup e Silver thread roll $188++ (For 10 persons) SUPERIOR SEAFOOD Set Menu
      195 words

  • RAW MATERIALS
    • 249 12 SINGAPORE The market closed higher yesterday with June One RSS buyers quoted at 173.00 cents a kg, up 3.50 cents from Tuesday. The morning session gained three cents on some speculative buying and short-covering in (airly active trading with the higher Tokyo advices also boosting sentiment. Prices were little
      249 words
    • 309 12 RAS prices in S cents/kg, FOB in b oles NOON CLOSE Buyers Buyers Sellers Int 1 RSS Prompt 173.00 *****N 174 00 175.00N Int 1 RSS June 86 172 00 172 50 173 00 ***** Int 1 RSS Juty 86 171.75 172 25 172 75 173 25
      309 words
    • 103 12 (cents/kg, 1-ton poH«t»)j UNE w JULY 86 (current month) (forword month) NOON NOON RAS Bvyen Sellers Buyen Sellers SSR 20 161 00 163 OON 161 50 163 50N SSR 50 158 00 160 00N 158 50 160 50N MRELB Buyers Sellers Buyers Sellers SMR CV ***** 2I6
      103 words
    • 107 12 TIN on the Koala Lumper Tin Market closed unchanged yesterday at Tuesday's MfIS.M per kg* reflecting steadiness the European free market. Dealers said eontln■ed bat light scattered Japanese aad Malaysian bayiag helped the market malatala mat level. Tetal disposals Increased to 33 tonnes from 14 to—es previously, as
      107 words
    • 235 12 WHEAT FUTURES on the Chicago Board of Trade fell four US cents to 2'/i cents on Tuesday after spot May expired up the 20-cent limit. May rallied sharply before expiration on bidding by Garvey Grain, and as shorts fought to get out of the contract, brokers said. The lack
      235 words
    • 1020 12 COFFEE New York's weaker-than-expec-ted opening helped lift London from morning lows to end Tuesday with pared losses from Monday night of £35 to £59 a tonne. The market was confused by the volatile movements of the past two days in New York, and not quite sure what to
      1,020 words
    • 149 12 ChintM Product Robosta 20/25% 555 00 Exchange FOB NSW Sellers' noon dosing pricot on Mov 21 (Si/100 kal Nutmeg 1422.00 110 FOB NSW Coconut oil BWP FOB NSW 1322 00 Bulk FOB Old drum FOB 48 00 61 00 Gombier 330 00 New drum FOB 65 00 FOB
      149 words
    • 175 12 MALAYSIAN crude palm oil prices closed slightly lower yesterday on light liquidation and buyer reserve amid continued dull conditions, in sympathy with the easiness in palm oil futures. May deliveries in the south region (ell Mss to $555 per tonne, while June in the south and central eased
      175 words
    • 218 12 SOYBEAN FUTURES on the Chicago Board of Trade closed V* US cent higher to 2V4 cent lower on Tuesday. Prices declined late in the session following the expiration of the May contract, which went off the board V* cent lower in quiet trading. Commission house selling drove the market
      218 words
    • 66 12 Bangkok Broken Rice 115 112 tUS$/tomw. FOR) A-1 Super A-l Special White Rice C-l Speaal C-1 Ord unq unq 100% 1st class 100% 2nd doss 240 215 Loonzoin Rice 100% 3rd class 210 100% 1st grode S3 5% 10% 15% 20% 25% 200 195 100% 2nd grode 100% 3rd
      66 words
  • Page 12 Advertisements
    • 1613 12 The following is the text of a circular which is being sent to Shareholders today: "THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. This Circular is issued by Hotel Marco Polo Limited. If you are in any doubt about this Circular, you should consult your stockbroker, bank manager, soHcttor
      1,613 words

  • SHARE INFORMATION
    • 4082 13 PROFIT-TAKERS retreated to the sidelines yesterday as bargainhunters emerged once again to pick up selected trustee stocks. Price gains were seen across a broad front but trustee industrial and bank stocks, led by National Iron, registered commendable gains. Advances led declines by a
      4,082 words
    • 265 13 SINGAPORE Rises If* icj 470 +i« rsrrr* Net trea 288 -f IS ■j™!* Weoraa* 282 >12 £0*°* Cetafce* 50* 259 11 Strain TreAnf 215 +11 st ®T srH 625 io D8S 520 10 f|!rr" S«*»fH >25 +9 k«pHS«p HO +8 il Hew Par 211 *7 C m
      265 words
    • 2793 13 SECTION ONE INDUSTRIAL COMMERCIAL Acmo (0 956 0 965) (8) 0 93 (2) 0 93* (5) 094 (5) 0 95 (5) fi OATn Alcorn <0 478 0 495) Amol Steel 50< (0 59*8 0 6IS) (2) 0 59* (1) 0 59 (2) 0 59* (25)
      2,793 words
    • 122 13 HONGKONG Hong Kong Index Wednesday 1116.58 Tuesday 1105 97 Week ogo 1133.07 Hong Seng Index Wednesday 1794.94 Tuesday 1777 27 Week ago 1820 68 All Industrials Wednesday 1894.3 Tuesday 1910.7 Week ogo 2004 7 NEW YORK Dow Jones Tuesday 1783 98 Monday 1758 18 Week ago 1785 34
      122 words
    • 272 13 Managers' prices MARA-Bumiputra for May 22 First B'putro 3 95 4 00 Singapore Unit Trust Second B'putro Third B'putro 3 74 3 79 361 366 The Commerce 0 73 0 77* Fourth B'putro 3 40 3 45 The Savings Fund 0 63 068 Fifth B'putro 1 96 2
      272 words

  • COMPANY NEWS
    • 768 14 MBT MICHAEL CHIN, a director and secretary of Multi-Purpose Holdings Bhd, wrote to the KLSE yesterday to confirm the accuracy of s statement printed in New Straits Times on May 19, saying that Tan Koon Swan had repaid Ms 23 million to the compaoy. lfr
      MBT  -  768 words
    • 508 14 SHARE PRICES staged a partial recovery under selective buying on the Kuala Lumpur stock market yesterday. Singapore stocks received buying support •ad made good gains. Conditions remained lackadaisical as there was a general lack of interest to dead. Price changes were lew aad
      508 words
    • 2443 14 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. MDUSTRMLS Ajinomoto (2 706 2 98S) Amd (3.096) (3 06S)
      2,443 words
    • 205 14 BATA (MALAYSIA) Berhad: 30th AGM at Petaling Room, Kelab Sultan Alam Shah, Shah Alam, Selangor, today at 11.30 am. KECK SENG (MalaytU) Berfcad: 16th AGM at the Bilik Sri Ledang, Mezzanine Floor, Holiday Inn, Jalan Dato Sulaiman, *****, Johore Bahru today at 10.45 am. NATIONAL IRON Steel Mills
      205 words
    • 376 15  -  By HOMER CHEN DEPARTMENT STORES that carry significant amounts of Japanese-made goods are facing the prospect of a further big squeeze on profit margins, thanks to the rise of the Japanese yen. Most retailers will continue to find it difficult to pass on all
      376 words
    • 290 15 MBT THE GROSS earnings per share of Allied Malayan Development Bhd (AMD) will increase from 5.7 cents to 21.4 cents after the acquisition of Global Insurance Co Sdn Bhd. However, AMD's gross earnings per share will be diluted to 17.6 cents after the
      MBT  -  290 words
    • 557 15 ma (D®nu> By HOCK LOCK SIEW WHEN ISETAN (Singapore) shifts across Orchard Road from Liat Towers to Wisma Atria, a key property of the Bonvests Holdings group will be left a third empty. Unless Bonvests finds a new tenant
      By HOCK LOCK SIEW  -  557 words
    • 213 15 Town City receives surprise tax notice for $1m THE TAX AUTHORITIES have given Town k City an unexpected notice of assessment for $1,059,600 in April this year. After the company released its results for the year ended Dec 31, 1985, it received the notice which states that the extraordinary gain
      213 words
    • 157 15 MALAYAN CABLES BHD has received approval from the Capital Issues Committee (or the listing and quotation on the Kuala Lumpur Stock Exchange of the additional 22 million ordinary shares of MSI.00 each in the company which were issued as consideration for the company's recent acquisition of the entire
      157 words
    • 750 15 SHARE prices yesterday continued its recent advance. At 0815 GMT the FTSE 100 Share Index was up nine points at 1,594.8. INDUSTRIALS May 20 Pence Alied-Lyons Ass Domes BTR PLC Babcocks Barclays Beecham BKC Bkje Orde BOC Group Boots Bowater BATS BP B Teiecom PP Brown (J) BSft
      750 words
  • Page 14 Advertisements
    • 309 14 NOTICES IN TB MATTES OP THE CaMPAJOm ACT, CAP. US NANKING MARBLE WORKS (PTE.) LID. (la Vataatary LiqaMattM) At an Extraordinary General Meeting of the members Of NANKING MARBLE WORKB (PTE.) LTD. duly convened and held at 6001, Beach Road, #14-01, Golden Mile Tower, Singapore 0719 on the 10 day
      309 words
    • 290 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 185 TONG LICK GROUTING AND CONSTRUCTION (S) PTE LTD (Members' Voluntary Winding Up) At an Extra General Meet ing of the members o TONG LICK GROUTINt AND CONSTRUCTION (S PTE LTD duly convene* and held on the 19th day o May 1986
      290 words
    • 324 14 SOUTHEAST ASIA MANUFACTURING i 'y.i i, urn (PRIVATE) LIMITED (LmrprnM la (Members' \>laaUr> Wtoihg-Up) NOTICE OP FINAL MEETING NOTICE is hereby given that pursuant to Section 308(1) of the Companies Act, Cap. 185, a General Meeting of the Company will be held at 101 Upper Cross Street, #04-43 People's Park
      324 words
    • 299 14 IN THE MATTES OP THE COMPANIES ACT, (CHAPTER 181) AND BRIDAL GOWN PTE LTD (laearparaM la the Rc»aMfc M (la I If Mittia) MEMBERS VOLUNTARY At an Extra-Ordinary General Meeting of Members of ALEXANDRA PHOTO St BRIDAL GOWN PTE LTD duly convened and held at 158 Rochore Road Singapore 0718
      299 words
    • 190 14 FRIDAYS RESTAURANTS i #.V i f I (INCORPORATED IN SINGAPORE) (MEMBERS' VOLUNTARY WINDING UP) Notice Is hereby given that In accordance with section 308 of the Companies Act, Cap. 185, the final general meeting of the members of the above company will be held at the offices of L. C.
      190 words
    • 469 14 IC TIMES CONFERENCES A wholly-owned subsidiary of Times Publishing Berhad A member of Singapore Press Holdings Limited IN CONJUNCTION WITH BUSINESS TIMES Presents GROWTH STRATEGIES FOR BANKS AND FINANCIAL INSTITUTIONS IN THE LATE 1980s 29 30 MAY, 1986 SINGAPORE PROGRAMME Conference Chairman Mr Allen Pathmarajah General Manager The Great Eastern
      469 words

  • Page 15 Advertisements
    • 118 15 GOURMET SEAFOOD WORTH THE King Prawn raviole prawns Poached Salmon with You can catck^^' more during And as well know, i Gourmet \J Seabass stewed with Scallop Saint Jacques shiitake mushroom sauce these epicurean delights and our Gourmet Seafood Promotion. CATCH you may at Le this luxury can 1 he
      118 words
    • 253 15 Thais European flights are going fast! «s 2! 1 >/ 3 I «r V in 91 7a ss 54 Copenhagen, Athens, Frankfurt, Rome, Zurich, Amsterdam, Paris, London. For some very good reasons! Thai has been making flights to Europe a much more rounded experience for the traveller. We've eliminated over
      253 words

  • 540 16 AFP SOUTH-EAST ASIA'S economic pacesetters are the first to profit from the sharply rising yen, and have chalked up significant increases in exports this year. Japan's imports from Singapore, South Korea, Hongkong and Taiwan were up 25.2 per cent in March over
    AFP  -  540 words
  • 195 16 Reuter GOVERNMENT planes bombed Tamil separatist rebels on the Jaffna peninsula in Sri Lanka yesterday, guerillas blew up a part-Japanese-owned factory and six civilians were killed in a brawl with soldiers in central Colombo. Residents said planes and helicopters had bombed and
    Reuter  -  195 words
  • 397 16  -  By LOH HUI YIN MORE INVESTMENT is flowing into the Singapore semi-conduc-tor industry, which is showing signs of a rebound after last year's slump. An NEC spokesman in Tokyo has confirmed that new production facilities would be added to manufacture 256-kilobit dynamic random
    397 words
  • 405 16 PROPOSED AMENDMENTS to press laws designed to restrict the sales of foreign publications which consistently meddle in local politics are seen as unnecessary by the Law Society of Singapore. The society points to provisions under the Undesirable Publications Act, Sedition Act,
    405 words
  • 153 16 Bernama A MALAYSIAN politician has called for the disclosure of the background of a company with a Ms 2 paidup capital to which he alleged the Employees' Provident Fund (EPF) had sold shares, forgoing a profit of about $10 million. Speaking in Petaling
    Bernama  -  153 words
  • 226 16 Reuter JAPANESE Prime Minister Yasuhiro Nakasone denied yesterday that he had decided to call a general election this summer. Amid a spate of election rumours, Masashi Ishibashi, the head of the opposition Japan Socialist Party, quoted Mr Nakasone as saying in reply to a question
    Reuter  -  226 words
  • 110 16 Reuter ZAMBIAN President Kenneth Kaunda warned yesterday that a political "volcano" could erupt in southern Africa, killing hundreds of thousands, if the West did not impose economic sanctions to overturn apartheid. Mr Kaunda said sanctions would strengthen Black opposition and help defuse a dangerous situation.
    Reuter  -  110 words
  • 115 16 THE GOVERNMENT has acquired another piece of land to make way for the central expressway from Ang Mo Kio to Orchard Road. An area of 21,836 square metres in Ang Mo Kio is to be acquired for the section running from Ang
    115 words
  • 86 16 AP THE STATE Legislative Assembly of Sabah passed laws on Tuesday to prevent elected assemblymen from defecting to other parties. Malaysian news agency Bemama and dailies yesterday reported that under the bill, any assemblyman who is sacked from his party or crosses over to another
    AP  -  86 words
  • 410 16  -  By LEE HAN SHIH ABOUT 100 jobs at Philips have been saved by a timely contract from China at least for the next 12 months. The Dutch company, which originally planned to retrench 350 workers next month, has reduced the number to
    410 words
  • 136 16 STANDARD Chartered Bank yesterday announced its support of the Singapore International Monetary Exchange's decision to trade in sterling futures. Mr Bill Eagle, the manager of the bank's International Banking Division, said: "Standard Chartered Bank, through its futures company, Standard Chartered Futures (S) Pte
    136 words
  • 76 16 Reuter COMEX GOLD FUTURES dipped in slow morning dealings yesterday, reflecting featureless conditions on overnight markets. The leading June delivery was off USfO.IO at $339.70, holding inside Tuesday's trading range of J340.10/J337.70. Analysts said the market drew small selling initially from non-US traders in response to the firm
    Reuter  -  76 words
  • 62 16 Reuter WALL STREET stocks were mixed early yesterday as blue chip 6 edged slightly lower in reaction to Tuesday's sharp rise and secondary issues continued working higher. The Dow Jones Industrial average was down one point to 1783, although advances led declines by a five to four
    Reuter  -  62 words
  • LATE FILE
    • 45 16 UPI A US NEWSPAPER yesterday reported that a secret high-technology eavesdropping device, presumably sown in Soviet harbours by US submarines, is now in Soviet hands as the result of information provided by accused American spy Ronald Pel ton. UPI
      UPI  -  45 words
    • 45 16 Reuter MOSCOW and Kabul have agreed on a timetable for a phased withdrawal of Soviet troops from Afghanistan, a senior Soviet Communist Party official was quoted yesterday as saying. No mention was made of any condition necessary for the withdrawal. Renter
      Reuter  -  45 words
    • 40 16 Reuter WEST GERMAN state prosecutors have dropped legal proceedings against Chancellor Helmut Kohl. They said there was insufficient evidence to prosecute Mr Kohl on allegations that he misled a parliamentary inquiry into illegal party donations. Reuter
      Reuter  -  40 words
    • 25 16 Bernama CUSTOMS OFFICERS in Miri, Sarawak, yesterday confiscated about M 5500,000 worth of undeclared cigarettes from a cargo ship from Singapore. Bernama
      Bernama  -  25 words
    • 48 16 Reuter CHINA yesterday admitted that it has telephone links with Israel but said this did not alter its policy barring dealings with the country. The two countries established telephone links two months ago in spite of the absence of formal diplomatic ties. Reuter
      Reuter  -  48 words
    • 40 16 AP VIETNAM yesterday said that it would withdraw some of its troops from Cambodia. But there was no mention of when this would take place or how many soldiers would be pulled out. AP
      AP  -  40 words
    • 33 16 AFP PHILIPPINE President Corazon Aquino yesterday received two cheques in Manila for U5|3.73 million as dividends of company shares seized by the government from ousted leader Ferdinand Marcos. AFP
      AFP  -  33 words
    • 60 16 AFP SOUTH KOREA'S gross national product grew by 9.7 per cent in real terms during the first quarter of this year, the Bank of Korea said yesterday. This is the best quarterly performance since the second quarter of 1984 and more than twice as high as
      AFP  -  60 words
  • Page 16 Advertisements
    • 103 16 /&!$]'"(\:%]@"%`,;_(%,:"}-^)"/> T "technology Future Bank Paperless Collections: Automating Documentary Credit Functions june -5-6, Singapore Electronic Trade Documentation: John Sanders, Senior Banking Consultant with GEISCO in Sydney, will describe the paper free environment as visualised by GEISCO in the years to come. The technical problems which will have to be overcome
      103 words
    • 7 16 Extra nudge for JaparwM invMtors, Pag« 8
      7 words
    • 61 16 i Jbk Airflown fresh from France, only the best handpicked asparagus is served. As appetizers, soups and main courses. From May 1 to 31. At Barons T^ble. The usual a la carte menu is also available. For reservations, please call *****66 ext 1634/1644. Car Jockey Service from 6.30 pm to
      61 words
  • Page 16 Miscellaneous
    • 46 16 Outlook for today: Fair. Report for 24 hours prior to 7.90pm on May 21 at the airport: Maximum temperature 33.4 Associated humidity 58 Minimum temperature 27.0 Associated humidity 80 Hours of sunshine 10.70 Romfall in millimetres nil Rainfall this month 100.4 Rainy days this month 11
      46 words

  • SHIPPING TIMES
    • 138 17 Seatrade Week THE PHILIPPINE Shipyard 6 Engineering Corp (Philseco) has confirmed the arrest of the 5,974-dwt Don Pablo, a general cargo ship owned by Northern Lines. But problems continue to dog the shipyard's efforts to collect 33.1 million pesos in unpaid shiprepair bills from self-exiled sugar
      Seatrade Week  -  138 words
    • 468 17  -  By LINDA CHEE ASSISTANCE IS now available to shipowners, cargo owners and other parties in Singapore facing problems of completing voyages and retrieving cargo when charterers go bankrupt. British company Phoenix Maritime, which recently appointed freight forwarder Frata Shipping as its Singapore agents, has designed
      468 words
    • 267 17 THE International Labour Organisation has proposed wide-ranging improvements in seafarers' welfare at sea and in port. Lloyd's List reports that the move by the tripartite body of shipowners, trade unions and governments is seen as an attempt to revise conditions in the wake of
      267 words
    • PORTSIDES
      • 40 17 AP TONGJIANG PORT in north-eastern China's Heilongjiang province opened to foreign ships on Tuesday, the official Xinhua news agency said. The port is near the China-Soviet border at the confluence of the Songhua and Heilong rivers. AP
        AP  -  40 words
      • 101 17 Reuter A GOVERNMENT-proposed bill to ban trade with South Africa because of apartheid, due for a final reading next week, could be catastrophic for Danish shipping, an official of the Danish Shipowners' Association said. "We cannot hire out our ships if the contract says you
        Reuter  -  101 words
      • 92 17 DR ERVINO OF the Italian Ports Association has made a call for radical reorganisation of the country's 140 ports. He said that the industry was in a crisis of organisation and financing. What was needed under the Italian government's new plan for transport, he suggested
        92 words
      • 74 17 LAURO LINES has announced its intention to pull the Achille Lauro out of the eastern Mediterranean during this summer's cruise season because of threat of further terrorist action. The vessel's new cruises programme will centre on the Iberian Peninsula, Morocco and the Balearic Islands. Refunds of
        74 words
    • 1388 18 THE FREIGHT market was generally quiet on Tuesday with no fresh fixtures reported on the key grain routes from the US Gulf to Europe and Japan, brokers said. But the grain sector did feature an unusual fixture by Continental of a Sanko vessel from North China to west
      1,388 words
    • 510 18 Reuter WORLDSCALE nominal freight rates for tanker chartering will mostly show declines of around 4 to 9 per cent from July 1, the Worldscale Association (London) said. The changes, which follow falls of 7 to 10 per cent effective Jan 1, result
      Reuter  -  510 words
    • 269 18 ARGENTINA May 5 Buenos Aires Normal operation. AUBTRALIA May 5. Sydney 5 vessels operating. Melbourne Normal operation. BANGLADESH May 5 Chittagong 20 vessels operating. BRAZIL May 5 Santos Normal operation CAMEROON May 5 Douala Normal operation. CANADA May 5 Vancouver Waiting time of up to 2 days. CHILE
      269 words
    • 66 18 AFP WATERSIDE WORKERS in four Australian capitals stopped work for 24 hours yesterday as part of a rolling strike in support of superannuation claims. Shipping came to a standstill in Brisbane, Melbourne, Adelaide and Darwin. Federal Waterside Workers' Federation secretary Tas Bull said
      AFP  -  66 words
    • 635 18 AB Shpg V 5 Accord Shpg VI 3 Afea Line VI 3 Anro Service IV 3/4 ANL I 1/2 APC Line V 4 APL M 2/3 ASCL HI 1 Bolt-Canada Line VII 4/5 Bolt-Orient Line VI 4/5 Bank Line V 5 B8S N 4/5 Ben Line Cont
      635 words
    • 359 18 NYT THE NAVY'S plan to build a new port on Staten Island suffered a major setback on Tuesday when the Senate Armed Services Committee failed to approve the release of funds, according to Congressional and Navy sources. At issue was whether to
      NYT  -  359 words
    • 304 18 NYT IN A MOMENT frozen in their minds, surviving crew members from the Pride of Baltimore told Coast Guard investigators how the two-masted schooner was hit by a wall of wind that forced her port rail deep into a squall-driven sea and how she
      NYT  -  304 words
    • 204 19 Reuter FRENCH and Egyptian navy divers have found the wreck of a Napoleon survey ship, Le Patriote, off the Egyptian coast where it sank 188 years ago, the French team said on Tuesday. The vessel was on a secret mission in July 1798 to discover safe
      Reuter  -  204 words
    • 420 19 FT ARGONAUT, a small Swedish shipping company, on Tuesday became one of the leading oil tanker operators in Europe through the purchase of 10 oil tankers from zenit, the Swedish state-owned shipping company, in a cash deal worth skr 530 million (US$75 million).
      FT  -  420 words
    • 227 19 Seatrade Week THE NATIONAL Maritime Union is asking the US District Court in Washington to reverse the government's policy regarding US-owned ships sailing under foreign flags. At issue is the government's policy which provides that foreign flag vessels can
      Seatrade Week  -  227 words
    • 77 19 Fairplay CANADIAN investigators have blamed restricted visibility, confusion over helm orders and the failure of the pilot to check on the helmsman's actions, as the prime causes of the incident where an Indian cargo ship, the Jalagodavari, crashed into one of the bridges on the
      Fairplay  -  77 words
    • 164 19 Reuter ABOUT 300,000 PORT and dock workers across India will begin an indefinite strike from June 15, a union leader said. SR Kulkarni, president of the All-India Port ana Dock Workers Federation (AIPDWF), said the strike decision was taken unanimously by four union federations after
      Reuter  -  164 words
    • 209 19 AP POLICE STEPPED up car and baggage searches at 13 English Channel ports for the fifth day after intelligence reports of a Libyanlinked plot to put a carbomb on a ferry between Britain and the European continent. Kent County police
      AP  -  209 words
    • 188 19 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
      188 words
    • 86 19 DUBAI-BASED International Maritime Services has formed a new subsidiary to handle towing and salvage. The subsidiary is managed by Captain lan Tew, an ex-employee of Selco Singapore, a company which has been placed under receivership. It is believed that International Maritime Services which is engaged
      86 words
    • 440 20 May 19-21 Warship 86, coastal defence and assault vessels conference, Royal Institution of Naval Architects, London Heathrow Penta Hotel, Heathrow, London. May 21 EEC competition law, seminar, 1400 hours, Faculty of Laws, King's College London, Strand, London WC2. May 23-24 Intermodal transport issues in an enlarged community: Spain
      440 words
    • 6935 24 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      6,935 words
    • 702 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Mediterranea 63/608 22.5 86 1900 Harpers F1 1000-1100 W4 L Ajitha 13E 22.5.86 1900 NAPL F7 0930-1030 Gt Ming Comfort 23W 22.5.86 2000 Malsy States
      702 words
    • 1666 25 Who acts for whom 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 Line Atncon Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceonus ShippmgAgen cies (S) Multipoft Sdn Bhd (PK)
      1,666 words
    • 630 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrivol Departure KEPPEL WHARVES alongside 22 5.86/2300 Koto BerWon K30 p*. Koto WrKJtO KIO PIL alongside 22 5 86/2300 Med Bangkok KI2 Ned-€AC alongside 22 5 86/2300 Nimrod Kl6 Borneo alongside 22.5.86/1830 Solon Turman K29 Scopl alongside 22 5 86/1500 Wah
      630 words
  • Page 17 Advertisements
    • 718 17 w •J If ini OOCL OVEIQEAS QmUim\ iINE STRAITS EUROPE EXPRESS SERVICE JAROOC SMTTME AGENCES (Ret lb. 2*2*4/ 00H) 70 Shenton Way «04-03 Karma Hone Smppore 0207 Id *****11 TELEX NO RS ***** CfS OFFICE TPC #03-029 Tel *****31 and *****32 Terminal oH*e TPC #***** TM *****90/*****93/*****01 PESAAA JMMf OVPM
      718 words
    • 70 17 MOB WORLDSCALE nominal freight rates for tanker chartering will show declines of around 4 to 9 per cent from July 1, the Worldscale Association (London) said. P«g« II ARGONAUT became one of the leading oil tanker operators in Europe through the purchase of 10 oil tankers from Zenit. Page 111
      70 words
    • 1116 17 The Tune Manager Seminar For more details call *****00 MAERSK LINE FAST TRANSIT TO MIDDLE EAST SINGAPORE/DUBAI 8 DAYS SINGAPORE/DAMMAM 9 DAYS SINGAPORE/BAHRAIN 10 DAYS SINGAPORE/KUWAIT —11 DAYS Voy S" pore EXPORT TO USA. EUROPE. MIDOLE EAST. WEST AFRICA 6 ASIA Penang Vmml K H»»n Ctoaai Tmj •a 20/s isoo
      1,116 words

  • Page 18 Advertisements
    • 392 18 YAMASHITA-SHINNIHON LINE TRANS-PACIFIC SERVICES STRAITS FEEDER Pacific South WMt Feeder at Kao Pacific North Wast Feeder at Kao Atlantic/Canada Feeder at Kobe I utilm EZM H.lfli CZM iiiwnM'rrrrMinMiiM |i 'i■ 11ii■ i iMI >IWI HM I I iMI iiWI Ml I i—IIHMIIIIMM i ■nTarai tor USA Ports. m MIDDLE EAST
      392 words
    • 179 18 MM accapMi coitn M Hasten (MJ). S Franca. (Wted. SWta and San Dkfi na I Mptoi Ctarirston we Seek TO: CARIBBEAN CENTRAL AMERICA 19-22/5 it/5 24/1 11-14/4 17/4 24-24/4 2/7 CMMM AnrtM. Curacao Bridfetown Pt«kpstor( Port ol Spam Hamdton Umpton St lot■«. Bass* Tarre. Castries. Fort de France Point A
      179 words

  • Page 19 Advertisements
    • 1065 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd STRAITS SHIPPING Singapore to Ssbsh, Sarawak, Brunai Porta and Bangkok Overseas Containers Limited CONTAINERSHIP SERVICE TO UK CONTINENT no EMS lONLOON RAT TOUOEMKSS DTMO MMBJ 12/8 14/1 17/8 19/1 M/l M/l M/l «2/7 M/ 7 n/7 17/7 19/7 15/7 17/7 •2/1
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    • 592 19 Franco Belgian Services I .1 r I ,~i t r. n, h ,!h It.lxi.,n I .r h rn (MEMBER OF ACE CONSORTIUM) commo sanog to ntort w«i»w STOB PJIOAM La Han* Ita fSIm Hm IDmi M CI TOKYO SaM <19 Hit) »Mi U 12 km 14 km IS Jw 17
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  • Page 20 Advertisements
    • 383 20 Hapag-Lloyd TO CONTINENT/UK EXPORTS Intand haulage to inland destinations in Europe Spare PKebngPenanf teiioesßfcae Genoa Wwr| Hdam Bharen A'werp PfTH» RICKICRS 22/5 20/5 U/5 11/6 20/8 30/6 25/6 22/6 BN TOUHUS 24/6 26/6 21/6 2/» 22/7 25/7 UttNGU lEJUKR 15/6 17/6 H/6 24/7 15/7 19/7 FROM N. CONTINENT &UK IMPORTS
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    • 130 20 K.S LINE 10*1 J» FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ 1 Mfmbfr ol ,he ce C< So,, Tl FROM EUROPE VIA SUEZ A Member of the Ace Consortium FUUY CONTAINERISED TO FROM NORTH AMERICA WEST COAST •FM/MOTW* VESSEL OCH 48E/KWI 59C Kit 33t KWY 331 NC 34C/KNO 62E KCH
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    • 521 20 ML Hai Sun Hup Co (Pte) Ltd m"" TEL: *****06 (20 Lines) TLX RS ***** &RS ***** UB lAS 11 RN CAR I INI K. I ID. IML INTERMARITIME LTD 1 K Kiubaki (Sub Afent) Id: 2215W Jakarta (Sub A(erit) T«fc *****1 REUNION/SOUTH AFRICA SERVICE DIRECT MONTHLY SAILINGS m km
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    • 1011 20 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) scp hks use kig pus osx tyo isd EVER GUOE 21/5 24/S 27/5 2J/5 1/t J/4 Jfc EVER GOVERN 1/t 4/4 5/4 7/4 10/4 12/« U/t *7% V« 0/4 14/4 12/® IS/C 17/1 ui )'n rS 12/t U/S 17/8 W/ H/( 25/4
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    • 248 20 IXSINOSE MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Snfipori Lm*| to NAT 23/5 B. Abbas KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC SPORE PKrtjnf Laa4nf tar. Kyowa Cosmos 7/6 Jayapura, Wewak, Lae, PMoresby, Honiara, Kieta. Rabaul. Noumea 0. Queen 21/8 Lae, Rabual. Kieta, P.
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  • Page 21 Advertisements
    • 870 21 v PACIFIC INTERNATIONAL LINES VW\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE SIN JKT SBY SIN HKQ KAO *TCH KEE BUS *MUR *MTC YOK KOB KEE In Port In Port 24/5 20/5 2/0 3/0 5/0 5/0 0/0 10/6 12/• 13/0 15/0 4/0 6/0
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    • 982 21 BLC BENLINE CONTAINERS EXPRESS COHTMO SERVICE TO UK/COUTWENT Tate ipini Tate Eiprtu SIOH HMI BHAVE* ROAM WW 11/6 12/1 14/ C 15/6 17/6 17/6 lt/t 21/6 21/6 23/6 24/4 25/4 27/ C 2S/C 30/4 1/7 1/7 4/7 6/7 1/7 W/7 12/7 13/7 IV7 17/7 11/7 21/7 21/7 23/7 »/7 28/7
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    • 452 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE Span Genu BObat I* Hand* Mam/KtanHW| GANDA BHAKTT Vl5-NB 2-4/6 3/7 10/7 13/7 15/7 10/7 20/7 Span IMTUMr Vl5-NB 20-22/0 PAIEMMNG' Y5-SB 25-27/0 Adan/Rdam Hambw(/Br«ncfi
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    • 395 21 BOUSTEAD SHIPPING AGENCIES STTWAY *24 AUNGZEYA *393 HTONETWA V2I2H PAGMI V99W PA-AN V9SW *Diuhar(nf (My V* BURMA FIVE STAR (Burmese National Line) Loadng for Rangoon Spore PJtctenc Penang Bangkok •26/29 May nm Mar 4/5 In 11/12 km 3/6 km 21/22 May BANK LINE EXPRESS SEH-CONTAIR SERVICE NORTHBOUM) TO UKC TAMAITAI
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  • Page 22 Advertisements
    • 1394 22 K ECUADOR/PERU/CHILE fttua wi Mono vs. ASIA SIM Ml AAIALIA WO* STORE NIC PNB 21 *iy 29 May 30 May CENTRAL AMERICA/CARIBBEAN SEA Fom *si nonn *si nu.6 May 30 May 1 ft* 14 ft" 19 M 21 U KAWASAKI KISEN KAISHA. LTD. KOK GUAVAQUR. CAIIAO UtC* IQUQU AFAGASTA S
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    • 745 22 'M AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contains* CAI A BAR V ?6 17 Jwn ESTECLIPPER VS 1 Mil Lmtt Vessel Spore MSWW V2B 21 kUr RAMOAS V 23 1? kin CHANOOAS V2O n M RAVBAS ¥3? 6 M MBIROAS *M 70 M Mrtb frtm Sydn Also Accepts 5 km
      745 words
    • 647 22 GOLDEN LINE GUAN GUM) SUPPING (PTE) LTD 23. W »yr Strwt SMUPOKE 0104 m SJ43ttS (II IKS) STRAITS/PERSIAN GULF SERVICE: Sfo GOLDEN MIDI Cotombo Muchc Bomtuj Dub» 4/5 taw UKHN OTT Cofcwnbo INK* Dut». Bahf»n 20/22 Im* CHINA OCEAN SHAPING CO., PEKMG THE PEOPLE'S REPUBLIC Of CHMA if; 24/5 Rottordam/Ha«dM*t
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    • 504 22 INTRASEA (PTE) LTD 10 Anson Road "27 16 International Plaza Singapore 0207 Tel *****1 1 (10 L>nes) VOAASXA'U BREAKBULK SERVICE TO EUROPE/UK PHILITRON SHIPPING AGENCIES PTE LTD TEL *****22. (8 LINES) TELEX RS ***** PHILI NtaiT ia t Fa SERVICE nuu-east rai fm-ust rat kb sea ran I. J ,jiJ
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  • Page 23 Advertisements
    • 626 23 NOL NEPTUNE ORIENT LINES LTD Aientj Spare NEPTUNE AGENCIS PTE. LTD THNooHk. Teomul CES BOOKINGS 27W77 ft EM/MBT W® *****77 *****22 *****53 OR WMCT IWS *****53 27*5742 I Bihru HARPER WKA SON BH> z l#o r KfU* HARPER MRA SON BHD *«2«l P la,a HARPER WRA SON BHD sUm Pnunt
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    • 336 23 HEUNG-A SHIPPING Korean Flag Vessels 1 SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON G«er£ Swvey at Godown PTW PIC 24/5/86 Imi 0900 In 1200 In ML Np 8 Donam V6O3S/N. VPi*( 4UNIS NtPTUNI AGfNCKS Pit UD Irt ?'8997 7 ?*****4 (Booking! ???7510 (Operations I ????48 7 ??09?84 (Tfirrwul
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    • 519 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55. Market Street Singapore 0104 Telephone Numbers *****33 (15 Lmes) Cable Address SINSOV SINGAPORE Tefci Numbers RS ***** RS ***** RS ***** P KELANG PEJMNG FIOOR a®™®.--Td *****1/*****1 Th MA ***** FEBLOS STH FLOOR, ML AM AMPANG. K.L TEL *****7 (REGULAR
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    • 78 23 K&S LINE JAPAN STRAITS SERVICE SANKYO LINE (S) PTE. LTD. 37 Somereet Road #06-01 Ng T#ow Yhee Dldg S pore 0923 Tel 235 8444 (4 lines) Port Kriang T if3 Shipping Sdn Bhd Irt 03 Wo.'4 S Penang Malavsu Trad* U Transport ltd Ipi 04 61 /893 Pjsir Gudang Malaysian
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  • Page 24 Advertisements
    • 307 24 1 REGIONAL CONTAINER LINES TO BANGKOK (5 WEEKLY SAILINGS) E2C3EESI ira -ingrgi C53E01 E328E22Z3 EE! □521 WlBfl cszicsi i.'v r «nn *****E52Z1 TO SOUTH THAILAND SW6ATOK Thu/Fri Sjt/Sw WJ o SEA WAGON MTU KONSORTUM mm m SEA DRAGON IMill'li !-'i cm Vihhl 11M iis ini IMI IBM m MALACCA STRAITS
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  • Page 24 Miscellaneous
    • 169 24 Regional Weather i 771 S M w m, m L< MSB w* S3 9 e «88& f'l SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND </* Wind direction with speed m knots Wove height R Thunderstorm Temperoture c Shoe Weather —Wind direction with speed m knots Wove
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  • Page 25 Advertisements
    • 56 25 MBC MEMOES K. LUMPUR f. KEL AUG PQMNG P. BUD AUG J. BAHAMJ *****88/*****56/*****41/*****93 *****1/4 TERMNAL *****1/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 22SSSS/*****5/*****5 rAWA FAR EAST/EUROPE CONTAINER SERVICE FROM EUflOrl n 11 "j/.'."-TTTT ii 'ir"wiif 11 './"■TETirfITB IfiTTTlgTMny II TTTTTTm STRAITS/TAIWAN/JAPAN CONTAINER SERVICE nr SEA /AUSTRALIA CONTAINER SERVICE 13 PENINSULAR-SABAH/SARAWAK/BRUNEI SERVICES MiSC BULK
      56 words
    • 146 25 TFS une INTERNATIONAL COLUMBUS LINE REEDEREI GMBH (A SFRVICF Oh HAMBURG-SUD nr EXPRESS SEMI CONTAINER SERVICE TO General A E ents SEAIION SHIPPING <S> PIE LTD Singapore SAKS BOOKINGS TEL *****81 (5 lines* WORLD IJ2J LINE EXPRESS REGULAR SERVICE JAP AN/HONGKONG/STRAITS ALSO ACCEPTING CARGO TO PORT KELANG VESSELS SHER LAKE
      146 words
    • 105 25 Scan Dutch V TO EUROPE (MEDITERRANEAN-UK-NORTH CONTINENT-SCANDINAVIA) FEEDER VESSEL S) GRANGEMOUTH (SCOTLAND) S) GOTHENBURG TO RED SEA-MEDITERRANEAN FEEDER VESSEL LATTAKIA LIMASSOL TO HONG KONG-TAIWAN-JAPAN-CHINA* P. KELANG VESSEL MMVIIS II HMUmm/ZK B fraa/21S Un%tmJTR I 25/4 MM/2B I 2/7 HONG KONG FROM EUROPE 1) G'BURG 2) H'BURG 3) B HAVEN B
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  • Page 26 Advertisements
    • 327 26 J RJ Mitsui OS K Lines Ltd i A A T* A CONVENTIONAL/SEMI-CONTAINER AFRICA MARU 27 May Port Loots, Reunion ATLAS MARU 2 Jun Mombasa, Daressalaam. Tanga APOLLO PEAK 26 Jun Port Louis, Reunion AFRICA'S FULL CONTAINER SERVICES SEE MONDAY. WEDNESDAY. FRIDAY ADVERTISEMENT. HIMALAYA MARU Remarks Sub Inducement HAYAKAWA MARU
      327 words