The Business Times, 16 April 1987

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 THURSDAY, APRIL 16, 1987 75 CENTS
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  • 191 1 Overseas markets Wednesday HK Hang Seng Index 2693.62 25.27 Tokyo Nikkei Average *****.69 (-13.9 Sydney All-Ordinaries 1764.8 (-12.4) Tuesday New York (Dow Jones) 2252.98 (-34.09) London (FT 30 Index) 1506.7 (-5.7 1523.6 (noon, Wednesday Exchange rates THE S$ closed weaker at S$2.1365/75 ($2.1350/60) against the US$ in
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  • 611 1  -  By ALVIN TAY, Banking Correspondent THE SALE of Bank of America's Visa card operations in Singapore has taken on a new twist with the three prospective buyers said to be concerned about the unclear intentions of the seller's partner, Overseas Union
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  • 675 1  -  Bankers say it will help reduce risks By SOH TIANG KENG, Financial Correspondent INFORMATION on big borrowers will be collected and monitored by a National Credit Information Unit which the Monetary Authority of Singapore is likely to launch next year. First mooted
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  • 136 1 AP THE TAIWAN DOLLAR was quoted at 33.97 to one US dollar yesterday, its highest level since 1959 when the government fixed it at an exchange rate of 40. On Tuesday, the Taiwan dollar was quoted at 34.02. Traders said the central bank allowed
    AP  -  136 words
  • 281 1  -  From PETER JANSSEN in Bangkok THE SIX MEMBER COUNTRIES of Asean will jointly protest against plans by Japanese companies to assist Vietnam in its development projects, a Thai Foreign Ministry source said in Bangkok yesterday. Thai Foreign Minister Siddhi Savetsila had said
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  • 139 1 AP SOUTH KOREA posted a current account surplus of US$2.O6 billion in the first quarter of this year, a sharp turnaround from a deficit of US$43B million in the same quarter of 1986. the Bank of Korea said yesterday. The central bank said the current
    AP  -  139 words
  • 167 1 SINGAPORE share prices finished on a mixed note yesterday as profit-taking alternated with light bargain-hunting. The Straits Times Industrial Index closed at 1,094 76, 6.29 points lower, while the BT Composite Index lost 3.07 points to 964.80. Declines led advances 84 to 75. Trading was moderate yesterday
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  • 55 1 Golf why change? FOLLOWING the euphoria over a $30,000 sponsorship, the Professional Golfers' Association of Singapore is unnecessarily on the defensive because of its about-turn in the selection of the Dunhill Cup team. WALTON MORAIS, in BT's weekly Frankly Speaking column on Page 11, feels that the PGA is wrong
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  • Page 1 Advertisements
    • 122 1 Cassette Receiver M 3 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD Singaoora Phone *****22 Kuala Lumpur: Phone *****33 P«nang Ptione *****5 *****1 Jakarta: Phone *****5 YOU PAY LESS FOR YOUR NEW HOME WITH AN OUB HOUSING LOAN At Overseas Union Bank, we offer one of the best interest rates available
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    • 287 1 That Hindu-Muslim clash... A SHRINE IN NORTH INDIA has sparked off Hindu-Muslim fighting recently, in which more than 200 people were killed. In the opinion of a BT writer, this episode has its roots in the traditional. See Page 10 SHARE INFORMATION MONEY t EXCHANGES COMMODITIES AIRCRAFT SCHEDULE TV RADIO
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    • 58 1 111 i 1 11 l |11 j1 i n I(t j y dM < Full report, Page 15; International stocks, Page 12; Asian stocks, Page 13 Shipping Times comes as a separate section today. Make sure you get your copy. SEIKO Man invented time. Seiko perfected it. 9 v \i*
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  • HOME NEWS
    • 529 2  -  By CHUANG PECK MING SOME 20 COMPANIES have reformed wages by introducing flexible wage plans and nearly all of these have wage increases pegged to profits, a senior Labour Ministry official said yesterday. Only one or two of the companies tied wage increases
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    • 404 2 SINGAPORE PRODUCTS are among the wide range of advanced medical, dental and hospital equipment that go on show starting today at the Raffles City Convention Centre. Among them is a pregnancy test kit. The kit is one of the products displayed by
      404 words
    • 188 2 THE ROTARY CLUB of Singapore has donated US$7,OOO to the Health Ministry's programme to immunise all newborn babies against Hepatitis B. The money would go towards producing educational and publicity materials encouraging people to help stamp out Hepatitis B by
      188 words
    • 260 2 To market a revolutionary blood pressure monitor THE FIRST SHIPMENT of what is described as the world s first cuffless blood pressure monitor, which takes its reading from the index finger instead of the arm, left Singapore on Tuesday. Developed by a local company, Singatronics, the product called CX-1 would
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    • 423 2 fSeminars and < Cahners Tel *****13 Courses L fl J Exposition Tlx Group Fav RS ***** *****66 I DURATION TITLE VENUE ORGANISER TELEPHONE Apr 25 Bankruptcy, Winding-Up Pavilion InferDatasearch *****68 ond Receivership Continentol Resources Apr 25 Maritime Arbitration Novotel Orchid Singapore *****26 Inn Institute of Arbitrators Apr 27
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    • 89 3 DR YEO NING HONG has called for more cooperation between Singapore and Saudi Arabia in business and telecommunications The Minister for Communications Information, who is visiting the Middle East, mentioned the US$4OO million South-east Asia-Middle East-Western Europe submarine cable system, of which Singapore and
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    • 130 3 A MOTION has been tabled in Parliament by the Leader of the House to agree with the Committee of Privileges in finding Mr J B Jeyaretnam guilty of an abuse and a breach of Parliamentary privileges. If Parliament passes the motion, Mr Jeyaretnam will
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    • 423 3 SINCE THE Stock Exchange of Singapore actively took part in the setting up of Sesdaq, there can be no doubt about its support for the second stock market which started trading earlier this year. Therefore, a letter written by the Exchange in February to the Wall
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    • 108 3 THE CONSUMER price index (CPI) last month remained at the same level as in February. Higher costs of transport and communications were offset by lower food and clothing prices. Cheaper vegetables. fish, poultry, pork and eggs led to a 1.2-point drop in food prices. Prices
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    • 75 3 AN OFFICIAL with Liz Claiborne Inc yesterday named the eight Singapore garment manufacturers from which it is purchasing apparel through its local representative office. Two major suppliers, Hoowah Manufacturing and Jac-Pro Manufacturing, had been supplying garments to the US company even before the representative office was set up
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    • 23 3 Industry sources on Tuesday had told BT that Majestic Industries was among the suppliers, but the official said this was not so.
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    • 264 3 TOP SECRET PLANS prepared by ministries to keep essential services operating normally during emergencies have been made available to senior civil defence officers. Mr Chin Harn Tong, senior parliamentary secretary. Home Affairs Ministry, yesterday told graduates of the first training course for
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    • 288 3  -  By JEFFREY TSANG NCR yesterday sealed a $1 million contract with Standard Chartered Bank to supply data communications equipment and is now eyeing a bigger contract to supply terminals worth an estimated $4 million. Standard Chartered was an NCR star account, buying
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    • 481 3  -  By MARTIN SOONG PEOPLE will be jumping out of planes to help Singapore Airlines celebrate its 40th anniversary Fortunately, they won't be passengers. On May 2, when the national carrier officially turns 40, Singapore Armed Forces commandos will parachute to earth as
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  • Page 2 Advertisements
    • 106 2 tyr TW* I Vk^WJA *,x» 1 V "a U r m*■ v y £fl 5 m T,j \cr«| i > 7 f 'iA y' V* >» r V -*(fe-• -J J;-= ■Bjf.ftfcjfr' r.. *I'. J "T--*mx \> Ot *2SSI A PERFECT LIKENESS the morning sun rising through a lightened sky
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  • Page 3 Advertisements
    • 212 3 MORTGAGEE SALE BYTENDER < s y* s J* jr_ v ■M it •m jsfcj 7 SOON WING INDUSTRIAL BUILDING 8 storey flatted factory building located on Soon Wing Rd in the heart of MacPherson Industrial Estate. Land Area: 3406.9 sq.m. Lettable Area: 7439.6 sq.m. Closing Date for Tender 28 April
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    • 193 3 counting on teamwork taking the helm outwitting his rivals leading the field sighting his victory «v I «*>• V. N A N •V v'X S* V Q St >v w Si ss; A V m m V» a •r *>v K >0 'Jk a-: V A*. or s > i
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  • 732 4 ARRIVALS o 3 Service Local From number fim« GIA GA960 1100 CGK StA SQ10S 1105 KUL SU SQ201 1145 CGK CAAC CA395 1150 HAK SIA SQ191 1155 PEN THAI TG403 1155 BKK MAS MH682 1230 KCH GIA GA940 1235 MES SiA SQ107 1250 KUL SU SQ203 1300
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  • ASIA-PACIFIC
    • 308 4 Bernama THE PHILIPPINE Board of Investments (BOI) and the National Economic and Development Authority (Neda) have agreed to accelerate the lifting of import restraints on about 24 out of the 299 remaining products covered by the govern-ment-sponsored import liberalisation programme.
      Bernama  -  308 words
    • 195 4 Reuter FRANCE'S National Assembly has approved a Bill (or an independence referendum in New Caledonia. The Bill was passed by 325 votes to 249 in the 577seat assembly yesterday. It was supported by the ruling coalition of Gaullist RPR and centre-right UDF parties, as
      Reuter  -  195 words
    • 85 4 AP IN A BID to ease trade pressure from the US. South Korean government agencies and governmentinvested companies will buy US$2 billion worth of American products, a newspaper reported yesterday. The Chosun llbo quoted an unidentified official at the Economic Planning Board as saying
      AP  -  85 words
    • 426 4 G-14 to submit report in July MBT, AFP THE GROUP of 14 (G-14) on Asean economic cooperation and integration will urge Asean governments to launch immediately an Asean free market system. its chairman Datuk Leong Khee Seong said in Kuala Lumpur on
      MBT,; AFP  -  426 words
    • 436 4 AP THE LEGISLATURES of China and Portugal could ratify the Por-tuguese-Chinese agreement on the future of Macau as early as May, Portuguese Prime Minister Anibal Cavaco Silva said on Tuesday. Mr Silva also said he had invited Premier Zhao Ziyang to visit Portugal.
      AP  -  436 words
  • Page 4 Advertisements
    • 218 4 I M I I A I The business person's choice, every I I II \II II II I Tuesday, Saturday and Sunday. I M Ml I t\ \j Leaving Changi Airport at 22:05 I -L hours and orriving Heathrow at 06:45 hours the following morning. Call your Travel Agent or
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  • REST OF THE WORLD
    • 315 5 FT BRITAIN'S manufacturing performance was even stronger in the late months of last year than official figures at the time suggested. The annual rate of manufacturing output growth could now have accelerated to nearly 4 per cent from the rate of 3 per
      FT  -  315 words
    • 49 5 AMERICAN ARCHITECT Robert Venturl displaying the model of the proposed new wing for London's National Gallery on Tuesday. The new wing will house the Gallery's early renaissance collection. An earlier design proposal by British architects was turned down. Reuter photo Reuter photo
      Reuter photo  -  49 words
    • 232 5 AFP THE FRENCH ECONOMY will grow only by 1.7 per cent this year and 1.3 per cent in 1988, after an expansion of 2.4 per cent last year, the French Observatory of Economic Indicators (OFCE) said in Paris yesterday. The OFCE blamed the disappointing
      AFP  -  232 words
    • 353 5 Reuter ITALIAN Prime Minister-desig-nate Oscar Luigi Scalfaro has abandoned his attempt to form a new government, leaving the next move in the country's sixweek political crisis to President Francesco Cossiga. Scalfaro. who on Tuesday night told Cossiga he had been unable
      Reuter  -  353 words
    • 474 5 Reuter THE European Community is demanding a Gatt dispute panel be created to study its complaint against the US-Japanese accord on semiconductors, a senior community diplomat has said. EC ambassador Van-Thinh Tran said on Tuesday the complaint would single out Tokyo for
      Reuter  -  474 words
    • 340 5 Reuter UNITED NATIONS SecretaryGeneral Javier Perez de Cuellar has held a confidential meeting with representatives of the five permanent members of the Security Council to discuss prospects for a Middle-East peace conference. A council source said on Tuesday that the meeting took place
      Reuter  -  340 words
  • Page 5 Advertisements
    • 160 5 We arc America's Friendly Skies America is closer than you think. Because the moment you board a United jet, you might as well be in the United States. "America's Friendly Skies" means that you're surrounded by the kind of friendly American service that helped to make United the free world's
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  • Page 5 Miscellaneous

  • MONEY AND EXCHANGES
    • 767 6 SINGAPORE: The US dollar recovered against the yen and major European currencies to close sharply higher yesterday in fairly active late trading. Dealers said the dollar's dramatic recovery in the afternoon was due to short covering, stoploss buying and a technical correction to its recent sharp falls. The
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    • 210 6 Interbank rates at 3pm yesterday: Local dollar* to Btd on* unit of 01tor croe» parity foreign currency: cfmfi US doflar 2.1365 2.1375 2.8196 -24.23 Sterling pound 3.4686 3.4724 7.3469 -52.79 Australian dollar 1.5490 1.5518 3.4286 -54.82 NZ dollar 1.2413 1.2440 3.4286 -63.80 Canodkm dollar 1.6182 1.6202 3.4206 -52.69
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    • 188 6 Indicates the average of the prim* lending rates o4 12 major banks in S'pora Interbank market rates (offer/bid) on April 15 us$ DM SWFC Yen 7 doyt 3/4 5/8 f 3/4 5/8 4 3 7/6 1 1/4—1 4 1/8 4 1 M#l 13/16 11/1* 15/16 13/16 4
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    • 624 6 JUNE Eurodollar opened unchanged from its previous close at 92 80 and traded sharply higher on short covering from an oversold market. The comment by Satoshi Sumita, governor of Bank of Japan, that the Federal Reserve is determined to halt the dollar from falling further led buying interests with
      624 words
    • 117 6 THE OVERNIGHT rate on the Singapore interbank market lost point to close at 3% per cent yesterday The one-month rate shed point while two and three months each lost 3/8 point. r S$ Interbank rates at 7pm yesterday: <X«r Kd Ow«oH 1 -monlti 2-moofh 3-momfi 3 1/4 3
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    • 324 6 ASIAN DOLLAR deposit rates closed easier yesterday compared with Tuesday's levels, after a day of light trading. Dealers attributed the lower rates to news of a wider-than-expected US$l5.l billion trade deficit for February, comments by Fed Governor Robert Heller that he was opposed to a US discount
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  • Page 6 Advertisements
    • 96 6 THE VIEW IN SINGAPORE From the world's tallest hotel. Luxurious guestrooms. 17 restaurants and lounges. 6 tennis courts and 4 squash courts. 2 swimming pools and comprehensive health centre. And over 75 shops in exciting Raffles City. For reservations, call your travel agent or Westin Hotels Resorts. Singapore Tel: 338-8585,
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    • 157 6 JAPAN canbe affordable. NIA HOTEL FASS With the NTA Hotel Pass you can get a room in Japan for an unbeatable SsBs/per night. Accepted at 86 member hotels in 50 cities throughout Japan, it is an economical alternative for business and pleasure travellers. JAPAN RAIL FASS This pass allows unlimited
      157 words

  • BANKING AND FINANCE
    • 220 7 A FRENCH Treasury delegation left for Tokyo on Tuesday to discuss the question of reciprocal entry to French and Japanese financial markets, financial sources said. The French team, led by Treasury director Daniel Lebegue will be holding high-level talks with Japanese monetary officials
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    • 179 7 TRADING VOLUME on the Singapore International Monetary Exchange yesterday broke Tuesday's all-time high of 20,334 contracts and point towards a possible record month. At press time, total volume traded on the exchange yesterday stood at 21,876 contracts, the fourth time this month it has
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    • 384 7 Tokyo keen to widen swap arrangements Reuter THE WORLD'S major central banks plan to reinforce their power to stop the decline of the US dollar after their recent attempts at intervention on foreign exchange markets proved inadequate. Sources at the Bank of Japan
      Reuter  -  384 words
    • 188 7 Reuter MAJOR industrial nations agreed in recent international monetary conferences that the yen's current rise has been excessive, Bank of Japan governor Satoshi Sumita said. He also told a press conference the major industrial nations had discussed specific measures on ways
      Reuter  -  188 words
    • 354 7  -  From FLORENCE CHONG in Melbourne THE CHICAGO Board of Trade has announced in Sydney that it will begin night trading at the end of this month to work in with the Far East time zone. Mr Karsten Mahlmann,
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    • 609 7 NYT THE COST of borrowing money to buy a home in the US has climbed as much as a percentage point or more in the last two weeks, and the fear of even higher rates has some individuals rushing to apply for
      NYT  -  609 words
  • Page 7 Advertisements
    • 152 7 Let's get you the Best Deal I s Very wide range to suit every budget Rentals from $20.00 per sq.m ($1.50 per sq.ft.) per month Our experience know-how will help you get the best terms m r* M M i < t Widest selection of quality properties for rent and
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    • 194 7 Thai's European Express i# MP --i /Si STOP We call it the European Express because we have cut over two and half hours, that's about 1,000 miles of flying, from our route to Europe. On Thai's European Express, we fly non-stop from Bangkok to Athens, Copenhagen, Frankfurt, Rome and Stockholm.
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  • WORLD BACKGROUND
    • 871 8 UPI THERE IS widespread sympathy in Asian centres such as Hongkong for America s tough stand against Japan's trading practices, but it is tempered by fears of an all-out trade war that could devastate the world's commercial structure Many exporters share
      UPI  -  871 words
    • 458 8 Reuter JAPAN has become a "paradise for spies", according to the ruling Liberal Democratic Party. But the party's plans to change that with tough anti-espionage legislation have run into strong opposition, with critics branding the proposed law repressive and regressive. Japan's attractions for spies are
      Reuter  -  458 words
    • 639 8 NYT A NEW YORK-BASED human rights organisation has started a campaign to have the Khmer Rouge tried for genocide before the International Court of Justice. The Khmer Rouge rule of Cambodia from 1975 to 1979 is blamed for more than a
      NYT  -  639 words
    • 286 9 AFP TWO YEARS after the return of democracy, Brazil's economic troubles have breeded such chronic pessimism among the population that experts fear the possibility of violent social upheavals or even a coup. With inflation running at 50 per cent in the first
      AFP  -  286 words
    • 592 9 NYT POPE JOHN PAUL II is a professed believer in the power of signs, and that faith was never more apparent than on his twoweek visit to South America, which ended on Monday. Throughout the trip, but particularly during his final hours in Argentina,
      NYT  -  592 words
    • 584 9 Reuter AS THE SUN moves behind the US Capitol dome, dozens of homeless men drift slowly across a plaza outside the houses of Congress and start queueing up for a free hot meal. The derelicts who gather from all over Washington kill time talking,
      Reuter  -  584 words
  • Page 8 Advertisements
    • 305 8 COLOUR LAB The Professional Service Lab since 1964 Special enlargement service: MRT posters Display lightboxes for pedestrian malls shopping complexes Exhibitions (up to 20') Special Offert Poster prints (20" x 30") from your favourite 35mm negative. Usual: $36.00. Special: $25.00. Limited period only! Other Services: E6 processing Ektachrome, Fujichrome, Agfachrome.
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  • Page 9 Advertisements
    • 197 9 n. Ml m »,ji J J GIOVANNI'S FAVOURITE EXPRESSION This is a very common expression on the faces of Ristorante Bologna patrons. Or anyone who takes Italian cooking seriously. And everyone interested in good cooking should know that in Northern Italy the inhabitants of the city of Bologna are as
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  • Page 9 Miscellaneous
    • 649 9 CRYPTIC PUZZLE ACROSS 1 One with an unprecedented number of bands? (6) 7 Noisy journalist? (8) 8 An instance in which one takes precautions (4) 10 The sort of land for deer? (6) 11 Not too far ahead in the field of sport (6) 14 Like some schooldays of former
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  • FEATURES
    • 513 10 MALAYSIAN political leaders have had their share of ups and downs, providing grist for overworked rumour mills and analysts alike. But the impending clash for presidency of the United Malays National Organisation (Umno), with which comes the prime ministership, has been the most gripping since
      513 words
    • 910 10  -  Viewpoint By ASAD LATIF COMMUNALISM in India has many causes historical, economic, political and social This time around, it is history's turn to provide the fodder, in the form of a shrine in north India. The shrine, which has sparked off Hindu-Muslim fighting, has become the dire
      910 words
  • Page 10 Advertisements
    • 200 10 WALK ALL OVER ME! There's nothing I like more than being trampled upon by hundreds of rough boys in boots. You see, the clever company who made me packed a whole 50,000 fibres into every square inch of my anatomy. Which means that I'm so tough they're offering a 10
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  • Page 10 Miscellaneous
    • 46 10 I U)GU_. BCLtS GOOD SHEj£CMeS, .So pouch for PpkTrickA I good £p TS Rnd > RpvßTy J PLENTY TO DRIMIC I pn r a I'D Sfyy succe^' .11 '"D ONLV Give GOT Mim ujitm TM£ eiecTßic HPvNDSwp*kre Bur roisseo urrn 'HG SOUIRTING BUTTOnmoIG. ©l-tw>«Sllote<C«lM lIU >M) Cfc,l
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  • SPORTS
    • 556 11  -  Jranklif speaking.... WALTON MORAIS IN THE WEEK that the Professional Golfers' Association of Singapore announced a $30,000 sponsorship by British Petroleum of the local circuit, a controversy was the last thing it needed. Instead of flying high with optimism. the PGA has been put
      556 words
    • 158 11 AFP CORNHILL INSURANCE has announced details of a financial package which should inject £4.5 million into English cricket over the next five years. The company, which has sponsored home Tests for a decade, has already signed a new three-year deal starting in 1988 worth £2.5
      AFP  -  158 words
    • 409 11 RISING tennis star Lela Zamal's fledgling career has been given a shot in the arm with an offer of a wild-card entry to the qualifying round of the US$5O,OOO Carlsberg Singapore Women's Open championship. Promoter Australian Sports Marketing made the offer for
      409 words
    • 231 11 AFP JAHANGIR KHAN of Pakistan and Susan Devoy of New Zealand retained their British Open titles in London on Tuesday in totally contrasting fashion. Jahangir cruised to his sixth successive title with a 9-6, 9-0. 9-5 win over his talented 17-year-old compatriot and world
      AFP  -  231 words
    • 158 11 AP MICHAEL JORDAN doesn't have to score 50 points to impress Chicago Bulls coach Doug Collins. When Jordan did just that on Monday, his seventh 50-point game of the US National Basketball Association season and second in two nights. Collins found other things
      AP  -  158 words
  • Page 11 Advertisements
    • 250 11 NOUVELLE JAPONESQUE FRENCH RESTAURANT DISCOTHEQUE An affiliate of Culture Club Mon<j Kong PBSTELS A EXPERIENCE Happy Hours. Drinks by the glass at pnee From 3.00pm to 800pm Mondays to Saturdays Lunch. Tea. Happy Hours. Dinner and through the nite J Pick your favourite at our dramaticallydestgned Bar Games. Backgammon. Chess
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  • Page 11 Miscellaneous
    • 1067 11 to sffio mm Michael Caine plays the British agent Harry Palmer in The Ipcress File. PM SBC Text Sample Pages. Opening and Programme Highlights followed by Catch Phrase. Women Of The World Women of Intrigue Musical Interlude. Cosmopolitan Theatre The Last Bastion (Last episode). Coming Attractions. Paintability. Championship Wrestling. News.
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  • INTERNATIONAL STOCKS
    • 360 12 M Reuter INTERNATIONAL Business Machines Corp has started the year aggressively, but industry analysts said the company still faced some tough rounds in its fight to stop a two-year earnings slump. "I am more impressed with what's happening at IBM than I
      Reuter  -  360 words
    • 110 12 Reuter WANG LABORATORIES Inc expects a solidly profitable fourth quarter and a good fiscal 1988. Introducing a group of data storage products, president Frederick Wang said most of the increases in earnings for the third quarter, ended March 31, came from the company's
      Reuter  -  110 words
    • 405 12 Reuter NERVOUS INVESTORS sold stocks by the fistful as the market closed lower on Tuesday for the second straight day. A larger than expected trade deficit fuelled investors' interest rate and inflation fears and triggered the selloff in the second heaviest trading day ever The
      Reuter  -  405 words
    • 171 12 APR 14 C S Inco 22% Abitibi 36% -1 Int Prow Pipe lu Intl 49% 24% Alcan Alum 52% -1% Kerr Addison 25% unch Algoma Stl 17 Loblaw Co 13% Bank Nova Scotia 18% McMil Bldl 25 -1 Bank Of Montreal 33% Molson A 24% Bell Canada 40% Moore
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    • 246 12 APR 14 RANO +1Tongaat 1160 unch Trust Bk 210 5 Un Steel 87 -3 INDUSTRIALS Wooltru 1700 unch A Alpha 1650 unch MININGS Abercom 350 unch A«ci 1850 25 Anglos 7725 25 Amaprop 535 unch Angvaal ***** AMIC 6600 100 Blyvoor 2550 unch Barlows 2425 unch Butlels 7800 -100
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    • 674 12 APR 14 US S *1Alcan Alumin 39% -2 Alcoa 44% Alleg inti 24% Allied Sig 45% Aihs-Chalmers 2% unch Am Brands Inc 44% -1% Am Can Co 42% -1% Am Cyanamid 89 -2% Am Elac Pwr 25% Am Express 69% -2% Am Noma Prod 84% -1% Am Motors
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    • 913 12 Amsterdam APR 14 FLS ABN 512 00 -4 Aegon 90 60 •2 6 Ahold 107 SO -0 5 Akzo 135 00 -1 3 Alrenta 145 80 0 1 AMEV 65 00 -2 Amro Bank 81 50 -09 As* Stad 127 00 -1 Berkel 18 70 -06 BOLS 159
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  • Page 12 Advertisements
    • 559 12 ma. mm m m L ir.P M| «v m? t -,'V nabemono deughts (STEAMBOAT JAPANESE STYLE) Sample the delights of Nabemono cuisine, steamboat Japanese style, cooked at your table. Sukiyaki, Shabu Shabu, Mizutaki, Kiritanpo andYosenabe. Open daily for lunch and dinner except on Sundays. $20+ per adult $10++ per child
      559 words
    • 192 12 London stocks on Pags 17 That s how we count at The Lounge during our Happy Hours from 5 pm to 7 pm daily When a guest has had two similar drinks the third is free And every night at 8 pm except Sundays The Melody Band from the Philippines
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  • ASIAN STOCKS
    • 489 13 HONGKONG: Share prices reversed their weak opening yesterday to close sharply higher on chart buying and bargain hunting by small investors. The Hang Seng Index rose 25.27 to 2,693.62 after losing 10 points earlier and the Hong Kong Index was up 17.58 at 1,732.17. Turnover was a moderate HKS728.64
      489 words
    • 300 13 AM 1S NT S Kolin 32 40 -06 Kuochan Dev 37 50 -0.1 525 0 25 Lea Chang Yuen All Sincere Indus Chem Indus 38 30 0 5 Asia Cement 43 60 1.2 Lien Hwa Indus 27 30 0 2 Cathay Cons 54 00 0.5 Nan Ya Plas 49
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    • 454 13 TOKYO: Shares closed slightly lower yesterday after rising from depressed levels in the last hour on buying of financial shares, following persistent profit-taking from Tuesday's massive upsurge. The market average ended 13.9 points off at 23,510.69 after falling 346.73 in mid-morning trade and hitting a record traded 23,658.97 after
      454 words
    • 95 13 APR 18 PESOS Marsteel 0 029 Oriental B 0 001 Acoie Mining Phil Overseas 0 046 0 003 Anglo Phil Apex Mining B ***** 0 0102 Picop B r Atlas Con B 25 1 PLDT 362 50 unch Baguio Gold 0 0055 -0 0005 San Migu*l B 140 1
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    • 514 13 SYDNEY: Australian share markets closed sharply lower yesterday for the second consecutive session as local selling of industrial stocks drove the market down. After opening firmer on the strength of overseas buying in gold stocks the market turned downwards as traders took profits. Brokers said some dressing-up of resource
      514 words
    • 98 13 APR 1S WON +1- Kal 1309 -11 Ctteil Sugar 3070 30 Kanpontn" ***** -200 Daelimlnd ***** 340 Daewoo Corp 1046 +26 T m "'m Daewoo Heavy 1306 -14 ?I* t? DaiShin Securities 3700 -20 6000 -400 Dong Ah Phar ***** -300 g*"g }2£5 3° Dongbu Steel 2250 -35 Samhwan
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    • 174 13 Reuter BANGKOK: The Stock Exchange of Thailand Index slipped 0.61 to 245.49 on a turnover of 2,546,335 shares worth 382 million baht. AMI IS BAHT +L Saha Umon 210 -2 Ao Kham Thai f ,am 965 -30 Ayudhya Investment 294 +2 s J? m c 'J r Bangkok Agro-lnd
      Reuter  -  174 words
    • 62 13 Reuter ORIENT OVERSEAS CONTAINER Line Ltd, a unit of Orient Overseas (Holdings), has spent US$2O million buying new containers and will spend US$l2 million leasing others. The new equipment will include general purpose and refrigerated containers and generator sets, flat-rack and open-top containers. They will be phased
      Reuter  -  62 words
    • 554 13 Reuter CUSHIONED BY A growing bal-ance-of-payments surplus, the South Korean government is speeding up a corporate shake-up among the country's debt-burdened industrial giants. The government this month banned share crossholdings between subsidiaries of the country's 33 top conglomerates, known as "chaebols", meaning "great
      Reuter  -  554 words
    • 248 13 FT THE TROUBLED Unity Group, headed by Sydney-based entrepreneur Mr Garry Carter, is to sell A 5342 million worth of assets in a bid to reduce its debts and to restore investor confidence. The move follows the insurance, investment and
      FT  -  248 words
    • 101 13 Reuter THE HONGKONG governmentowned Mass Transit Railway Corporation (MTRC) will delay the launch of a planned US$lOO million five-year Eurobond until market conditions improve, chairman Wilfred Newton has said. He said that after Tuesday s plunge in dollar-denominated bond prices, much would depend on
      Reuter  -  101 words
  • Page 13 Advertisements
    • 759 13 S I ■■■ii "i '1 3. o: Fashionably hyatt Join the fashion-conscious every Tuesday, Wednesday and Thursday (3 6 pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and
      759 words
    • 212 13 n o T BUFFET LUNCH Now tarvlng DRUNKEN PRAWNS por p«r*on $8 00— Child Includes Peking Duck, Drunken Prawns. Roast beef on Wagon, spicy Nonya specialties and lots of other exciting vaneties Buffet Hours 12 noon 2 30pm Fr— coffee or tea for Buffet Lunch from now till 30/4/87 All
      212 words

  • COMMODITIES
    • 209 14 HONGKONG: Gold closed sharply lower yesterday. Bullion settled at U*****.00/75 art ounce against an initial US$44B 25/USS449 00 and New York's final US$45O 50/US$45l 00 On the local market, gold rose HK$32 to HK54,114. The Krugerrand rose HK$3O to HK53,435 The gold maple leaf was up HK$B5 at
      209 words
    • 281 14 Chinese Produce Kuala Selangor 3,900 00 Exchange Batu Pahat EST 3,900 00 3,975.00 Sellers' noon closing prices on FOB 4,025.00 April 15 (SS/100 kg) Coconut oil Coffee (m$/iookg) Bulk FOB 88.00 No 1 676.00/710.00 Old drum FOB 98.00 No 2 645.00/670.00 New drum FOB 102.00 Copra Bangkok Closing
      281 words
    • 457 14 Crude palm oil futures closed mixed to slightly easier in moderately active trading on the KLCE yesterday. Dealers said the market opened lower and continued to stay low until the later part of the afternoon on lack of fresh buying support. Prices were generally moving in a zig-zag
      457 words
    • 95 14 GASOIL edged up on reasonably good demand although the overall situation remained quiet. Kerosene was barely stable It remains fundamentally weak with poor demand and oversupply. Naphtha was stable in quiet trading while fuel oil stayed at current levels. LSWR was weaker in thin trade. Crude (FOB
      95 words
    • 280 14 RAS prices in S c*nts/kg. FOB in bal*s NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 201.00 202.00N 201.25 202.25N Int 1 SSS May 87 198.50 199.00 198.75 199.25 Int 1 RSS Jun 195.25 195.75 195.50 196.00 lot 2 RSS OP 185.00 187.00N 185.50 187.5
      280 words
    • 159 14 SINGAPORE The market closed slightly higher yesterday with May 1 RSS buyers quoted at 198.75 cents/kilo, up 0.50 cent from Tuesday TSR-20 May and June closed unchanged at 165.50 cents/kilo. MALAYSIA The market closed slightly higher with May SMR 20 buyer quoted a cent higher at 198 50 cents
      159 words
    • 103 14 THE PRICE OF TIN on the Kuala Lumpur tin market rose one cent yesterday to close at M 516.64 per kilo from Tuesday after a fairly quiet trading aession. Buyers bid strongly for 145 tonnes initially at Tuesday's closing level of M 516.63, but sellers were only willing
      103 words
    • 330 14 London Commodity Exchange Buyer/Seller dosing pricei on April 1 4 (£/to nne unlets tpedfied) Previout doy't doting priest in porenthetit Coffee Both in-ttore London, teller! option CIF London May 1305/1310 (1265/1271) High/Low 1315/1281 July 1322/1323 High/Low (1284/1287) 1330/1290 So let (5885 Cocoa Moy 1294/1295 (1290/1291) High/Low 1295/1290 July
      330 words
    • 79 14 (cams/kg, 1 -ion poM«n) MAY 87 JUNE 87 (currant month) (forward month) NOON NOON RAS twyan S«<ton Ivytn SSR 20 172.00 174.00N 172.00 174.00N ssr 50 171.00 172.00N 171.00 172.00N MRELB S*U*n tvy«n S«U*n SMS cv 240.50 242.50N 241.50 243.50N SMR L 239.50 241.50N 240.50 242.50N SMR
      79 words
  • Page 14 Advertisements
    • 662 14 Consolidated Balance Sheet December 31, Head Office: 48 Wall Street, New York, New York, *****, U.S.A. Singapore Branch: 10 Collyer Quay, #24-02 Ocean Building, Singapore 0104. Corporate Information The Bank of New York Company, Inc. is a domestic moneycenter bank holding company providing a wide variety of banking and other
      662 words
    • 258 14 The best bank networks in Asia HrftsiteA You can bank on It. Which banks do Asians use when doing business in Asia? It is one of the world's most lucrative banking markets, but many of Asia's own banks have barely expanded beyond their home base. Japanese and Australian banks are
      258 words

  • SHARE INFORMATION
    • 4309 15 SHARE PRICES closed narrowly mixed on the Singapore stock market yesterday as profit-taking alternated with light bar-gain-hunting. Most hotel and property stocks closed on the plus side while the rest of the sectors registered more falls than rises. The Straits Times Industrial Index
      4,309 words
    • 246 15 Rises DBS 1270 M franking 705 C C 298 G E Lift 1960 NST 740 F&S 695 Rortvnam Mwo 665 Amol Simi 50( 205 *•<* Swg 190 Boutteodco 1J4 G Lumbar 113 Both Indt 50« 275 U* Kim To* 50* 70 Falls F N 950 O C
      246 words
    • 4145 15 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "SETT".
      4,145 words
    • 218 15 SEALION HOTELS Limited: 11th AGM at Gateway 4 Room. Level 2. Pan Pacific Hotel, Marina Square. Singapore 0103. on April 18 at 10 30am INCH KENNETH KAJANG Rubber Public Limited Company: 77th AGM at 5th Floor, Straits Trading Building, 4 Leboh Pasar Besar. Kuala Lumpur, Malaysia, on Monday.
      218 words

  • COMPANY NEWS
    • 478 16 MBT MBfl AUSTRALIA, a member of the MBf Holdings group, is to acquire the entire equity in the world's largest rubber band manufacturing company which is based in Thailand. It will also acquire a 72 per cent stake in MBf Card
      MBT  -  478 words
    • 540 16 BUYING INTEREST in the late afternoon helped share prices recover from earlier losses and finish steadier across the board on the Kuala Lurnpur stock market yesterday Many issues which had recorded falls in the morning were able to close with gains
      540 words
    • 125 16 HONGKONG All Industrials Hongkong Index Wednesday 2575 5 Tuesday ***** Wednesday *****7 Week ogo 2618 8* Tuesday *****3 Week 090 *****3 NEW YORK Hong Seng Index Dow Jones Wednesday 2693 62 T uesday 2252 98 T uesday 2668 35 Monday 2287 07 Week ogo 2729 55 Week ogo
      125 words
    • 243 16 Managers' prices MARA-Bumiputra for April 16 First B'putro 621 626 Second B'putra 534 539 Singapore Unit Trust Third B'putro Fourth B'putra 437 501 442 506 The Commerce 105 1 13 Filth B'putro 314 319 The Savings Fund 090 097 S«»th B'putra 342 347 S Prog Fund 041 046
      243 words
    • 2763 16 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number at shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Acmo I—l Ajtoomoto (322 ft II) 320 AJex Hldg
      2,763 words
    • 371 17  -  By AMY CHEOK THE $60 million loan stock issue by property company Parkway Holdings Ltd was 38.8 times subscribed by the public. The issue closed at 12 noon on April 13 and drew a total of $465.3 million in application monies. Parkway is
      371 words
    • 128 17 Dennis Lee quits Town City LAWYER Dennis Lee Kim Yew has resigned as the chairman and a director of Town City Properties with effect from April 9, 1987. He is also understood to have stepped down from all of Town City's related companies. A replacement is expected to be made
      128 words
    • 254 17 Bernama ES LION CORP BHD, through its wholly-owned subsidiary Lion Steelworks Sdn Bhd, has entered into an agreement to acquire a 57.1 per cent stake in Fichet-Bauche (SEA) Sdn Bhd (FBSB) for M 5354,280 cash. With the proposed purchase, Lion Corp
      Bernama ES  -  254 words
    • 813 17 SHARE PRICES improved on early gains yesterday as market sentiment received a boost from a late rally on Wall Street on Tuesday, halving a loss of 68 points on the Dow Jones Industrial Average after news of a US$l5.l billion US February trade deficit. The FTSE 100 index
      813 words
    • 281 17  -  By NAJEEB JARHOM FINANCIALLY-AILING Malaysian Feedmills Ltd, which first went into the red in 1981, has continued to suffer heavy operating losses. Group pre-tax losses stood marginally lower at $7.74 million last year against $7.9 million in 1985 on a sharply-reduced turnover of
      281 words
    • 490 17  -  At least a dozen offers expected By HOMER CHEN ERNST WHINNEY, the liquidators for Wannian Holdings, has sent out telexes to about 30 potential buyers for the defunct group's flagship, Furama Hotel in Chinatown. The closing date for the bids is April 30. Telexes were
      490 words
    • 133 17 Bernama ES PROPERTY-BASED Island and Peninsular Bhd (l&P) expects group profitability for the year ending Jan 31, 1988 to be maintained at the previous year's level. Replying to a Kuala Lumpur Stock Exchange query, the company said the profit forecast was being compiled and that
      Bernama ES  -  133 words
    • 392 17 Reuter THE TOKYO stock market has surpassed Wall Street in terms of the total value of its shares, making it the world's largest. A heavy flow of money into the Japanese market has inflated total share prices to 404.000 billion yen (U552,767 billion)
      Reuter  -  392 words
    • 60 17 FAR EAST Levingston has requested that its shares be suspended from trading on the Singapore and Kuala Lumpur exchanges from April 27 until further notice This is to facilitate the subdivision of each FELS share of $1 into two shares of 50 cents each. When trading is resumed.
      60 words
  • Page 16 Advertisements
    • 1339 16 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I Fang Ngee Eng of Blk 4, #01-2074 Upper Changi Road Singapore 1750, have applied for a Retail Liquor Shop licence in respect of premises at Blk 4, #01-2074, Upper Changi Road Singapore 1750, and that this application will be heard in Court
      1,339 words
    • 472 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 185) AND IN THE MATTER OF FRP ENGINEERING PTE LTD (Incorporated In the Republic of Singapore) (In Liquidation) Members' Voluntary Wlnding-Up At an extraordinary general meeting of members of FRP ENGINEERING PTE LTD duly convened and held at 52 Telok Blangah Road
      472 words
    • 239 16 NOTICE NOTICE IS HEREBY GIVEN that. I Ong Jin Liang of No. 95 Toh Yi Dr. Singapore 2159, have applied for a First Class Public House licence in respect of premises at M/s. Royalcourt Restn. at 833 Bt. Timah Rd #01-01 Royalville, Singapore 1027, and that this application will be
      239 words
    • 6 16 On target, Chart Point every Saturday
      6 words

  • Page 17 Advertisements
    • 194 17 LAS VEGAS, NEVADA 42 unit commercial office complex zoned approved condominium 21,000 sq.ft. 3 separate buildings 42 separate Titles Prime East Tropicana location 2 minutes to airport presently 85% rented financing open U.S. 1,899,000 Contact MP. laflw (Singapore) 772-3069 or 474-2791 UNIQUE OPPORTUNITY THAILAND Construction company operating in Thailand and
      194 words
    • 320 17 MZbJJZ'ii Japanese Restaurant Choose from Kampacbi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese 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, they are easy
      320 words

  • 485 18 MALAY POLITICAL leaders in Singapore are persuaded that anti-Herzog feelings expressed by Malays here last year were not an act of disloyalty to the nation or opposition to government. The Minister-in-charge of Muslim Affairs, Dr Ahmad Mattar, said in a speech earlier this month:
    485 words
  • 481 18  -  By ALVIN TAY, Banking Correspondent MAJOR CHANGES have been made to the list of assets which could be used by the finance companies as part of their 16 per cent cash and liquid asset ratio. As with the revision to banks' liquidity requirements reported
    481 words
  • 227 18 SOVIET LEADER Mikhail Gorbachev, in a surprise move to build pressure on Washington, has made a series of concessions on arms control that include eliminating an additional class of nuclear missiles in Europe. Gorbachev, in talks with Shultz on Tuesday, said he is willing to eliminate
    227 words
  • 159 18 Reuter THE SOVIET UNION and the US signed an agreement yesterday on cooperation in civilian space research and the peaceful uses of space, the official Tass news agency reported. The agreement was signed by Soviet Foreign Minister Eduard Shevardnadze and US Secretary of State
    Reuter  -  159 words
  • 109 18 Reuter THE US dollar yesterday tumbled to a post-war low of 140.55 yen on worries that Japan's trade problems would worsen, but rebounded later because of concern that central banks might step up intervention, dealers said. The US currency formally closed at 141.85
    Reuter  -  109 words
  • 171 18 Reuter SCUFFLES broke out in the Japanese Parliament yesterday as angry opposition members tried to get at the budget committee chairman when he announced the pushing through of a controversial stimulatory budget by the Ruling Liberal Democratic Party (LDP). LDP members yelling "victory,
    Reuter  -  171 words
  • 53 18 AFP WHAT MUST BE the world's most expensive, and most impractical, swimsuit went on show in Tokyo yesterday bearing a US$l.4 million price tag. The black leather, one-piece suit is decorated with 104 diamonds totalling 62 35 carats and is the creation of Japanese fashion designer
    AFP  -  53 words
  • 398 18  -  By LUCY NG in Kuching HUNDREDS OF THOUSANDS of Sarawakians went to the polls on the first day of voting yesterday, and "everything went smoothly," according to an Elections Commission spokesman. Polling began in 39 rural constituencies yesterday and will
    398 words
  • 363 18 Bernama STAR PUBLICATIONS and its group chief editor, V K Chin, yesterday filed a statement of defence in Kuala Lumpur to a libel suit brought by Singapore Prime Minister Lee Kuan Yew, saying the action was not maintainable and constituted an "unlawful interference"
    Bernama  -  363 words
  • 101 18  -  The Comex,Dow Jones Reuter CHINA and the United States will demand better access to each other s markets when US Commerce Secretary Malcolm Baldrige visits Beijing next week, western diplomats and Chinese newspapers said yesterday. Baldrige is due to arrive in China on
    Reuter  -  101 words
  • 63 18 UPI THE PHILIPPINE government unexpectedly said yesterday that it intended to reopen negotiations with foreign banks on a critical debt restructuring accord amid reports that Argentina had secured more favourable terms than those offered to the country. President Corazon Aquino, meanwhile, appealed to a visiting
    UPI  -  63 words
  • LATE FILE
    • 48 18 Reuter THE THAI government will propose to Parliament a 7 per cent rise in expenditure in the national budget for fiscal 1987/88 to end-Septem-ber, compared with 6.2 per cent growth in the current year, Budget Bureau director Bodi Chunnanond said yesterday. Reuter
      Reuter  -  48 words
    • 62 18 Reuter NEW ZEALAND s officials, judges and top civil servants have been given 10 per cent pay rises, with Prime Minister David Lange now earning NZ5129,250 (U5574,000) a year. The increases were awarded by a commission which looked at private sector salaries and proposed,
      Reuter  -  62 words
    • 31 18 UPI President Reagan has sustained a sharp drop in popularity in his home territory of California his lowest approval rating since 1983, a statewide poll shows. UPI
      UPI  -  31 words
    • 41 18 Reuter JAPAN will accept the setting up of a Gatt trade dispute panel to investigate a complaint by the European Community against a US-Japanese semiconductor accord, Tokyo's trade ambassador Yoshic Hatano said in Geneva yesterday. Reuter
      Reuter  -  41 words
    • 42 18 Reuter BRITAIN indicated yesterday that the Soviet proposal to eliminate shorter-range nuclear missiles could be welcomed in the West provided it entailed guarantees for a medium-range missile pact and did not mean the denuclearisation of Europe.
      Reuter  -  42 words
    • 40 18 AFP THE BANK of Japan has made new swap arrangements to provide other central banks with yen to intervene on foreign exchange markets against the fall of the dollar. Bank Governor Satoshi Sumita said yesterday. AFP
      AFP  -  40 words
    • 32 18 Reuter AUSTRALIA announced yesterday a lower than expected trade deficit for March, providing further evidence of an improving trend in the country's balance of payments, economists said. Reuter
      Reuter  -  32 words
    • 34 18 Reuter ITALIAN President Francesco Cossiga yesterday appointed Senate President Amintore Fanfani as Prime Ministerdesignate, charged with forming a new government expected to lead Italy to a June election. Reuter
      Reuter  -  34 words
    • 31 18 Bernama ES THE PHILIPPINES has projected a U551,277 billion surplus in its balance of payments this year, a slight improvement over the 1986 surplus of U551,248 billion.
      Bernama ES  -  31 words
  • Page 18 Advertisements
    • 72 18 t*- "W; is* <H? V --r 1 J m« W"' WM" Trans-Siberian Express Package from $3399 Visit Hong Kong/ Beijing/ Irkutsk/ Moscov^/Leningrad Ex-Beijing can be arranged. r L\ :lh v «T \i i Departure Dates: May 10,17, Jf jfrS J-JL-Ju 4 I rt 3 S* }JKS >' r -> •i
      72 words
    • 296 18 Your last chance to own a choice residence in Singapore's most exclusive district. m-Q DALVEY ESTATE ROAO jjfj <i»J flgSiiff^iL kill Completion Soon TOL before 31 Dec 1987 Show House Open viewing by prior appointment Tel: 338-9644, 532-3888 or 235-3591 SI exclusive UlSiriCl. Seven units sold within six months. Only
      296 words
    • 6 18 Sn Pagt 7 See Page 5
      6 words
  • Page 18 Miscellaneous
    • 52 18 mmm Outlook: Showars ovar aavaral areas In tha aftornoon. Rapori tor 24 hours prior to 7.30pm on April 15 at tha airport Maximum tomparatura 32 9 Aaaociatad humidity 66 Minimum tomparatura 25.2 Aaaociatad humidity 97 Hours of sunahina 6.10 Rainfall in milllmatras Nil Rainfall thia month 40.3 Rainy days this
      52 words

  • SHIPPING TIMES
    • 491 19  -  By LINDA CHEE THE STRAITS-Australia conference may be in for tougher times if Fesco Lines carries out plans for a container service in the overtonnaged trade. Hot on the heels of ABC Containerize, the Russian carrier is believed to be planning a monthly
      491 words
    • 291 19 AFP ASIAN EXPORTERS are taking advantage of a quicker, but more expensive. means to deliver their goods to the US east coast than shipping directly through New York, according to the Port Authority of New York and New Jersey. The
      AFP  -  291 words
    • 181 19 AFP LEADING Japanese shipping companies are earning less money because of the yen's accelerated rise against the US dollar, Japanese industry sources reported on Wednesday. Five of the six largest Japanese shipping companies, with the exception of Nippon Yusen Kaisha, were believed to
      AFP  -  181 words
    • PORTSIDES
      • 128 19 Seatrade Week THE UNITED STATES Atlantic-North Europe Conference will increase its freight rates on May 15. Carriers are hoping that the recent surge in eastbound trans-Atlantic cargo will help the rate increase stick better than last May's 15 per cent increase. Before that, rates
        Seatrade Week  -  128 words
      • 74 19 AP FOUR PEOPLE were killed and 28 were missing after a ferry carrying 60 people capsized at north Sumatra's Lake Toba The Indonesian Search and Rescue Agency said a search is still under way for the missing passengers of the KM Nauli, which
        AP  -  74 words
    • 1081 20 Lloyd's Maritime Asia A METAMORPHOSIS has begun in shipping vehicles from Japan to US. Pure car carriers are being phased out as containerised complete-knock-down shipments come into their own. and with this change will come new demands on shipping lines as links
      Lloyd's Maritime Asia  -  1,081 words
    • 674 20 NYT THE SOVIET UNION announced that it would charter three tankers to Kuwait to transport oil through the Persian Gulf, and raised the possibility that Soviet warships might escort them. The arrangement, which Kuwait requested in hopes of reducing the danger of Iranian
      NYT  -  674 words
    • 718 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean IX 4 Alltrans VII 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 ASCI III 1 Bolt-Canada line VII 4/5 Bait-Orient line VII 4/5 Bank line V
      718 words
    • 1127 20 A CONSIDERABLE decline in time-charter business on the London shipping freights market on Tuesday was accompanied by a revival in other sectors, notably grain and coal. Grain chartering was dominated by Irisl's booking of five or six cargoes of 30.000 tons each from the River Plate completing Bahia
      1,127 words
    • 173 21 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
      173 words
    • 169 21 AFP THE AUTHORITIES are to impose tougher safety regulations on passenger ferries following Saturday's boat accident in the Gulf of Thailand which killed 21 people, Thai officials said. Communications Minister Banharn Silpacha said that ferry-boat owners will be required to put
      AFP  -  169 words
    • 456 21 Lloyd's List AMERICAN President Companies says its trans-Pacific shipping capacity will double the 1984 level when the five new C-10 vessels are fully deployed in 1989 Orders for the 3,800 TEU vessels have already been placed three with West Germany's HDW Kiel
      Lloyd's List  -  456 words
    • 121 21  -  By Kingsley Wood MERCHANT shipping and the Australian Navy have just concluded an international exercise around the Australian coast to test procedures for the defence of trades routes Called Bell Buoy 87, ships of Australia, Britain, Canada. US and a several Asian and Pacific nations
      121 words
    • 237 21 Seatrade Week OFFICIAL government proposals for the new Norwegian international shipping register, which put forward an Oslo-based, non profitmaking entity, have brought complaints from shipowners on four major issues. First, it appears that owners transferring directly from the existing Norwegian register to the new register
      Seatrade Week  -  237 words
    • 255 21 FREMANTLE Port Authority is to look at the possibility of a shipping disaster similar to the ferry capsize at Zeebrugge happening in the port. The Waterside Workers' Federation asked FPA to look at the issue after a report in a naval architects' publication
      255 words
    • 193 21 ALL SURVEYS are conducted on April 6 Argentina Buenos Aires 30 vessels operating Australia Brisbane Normal operation; Melbourne Normal operation; Sydney Normal operation. Bangladesh Chittagong 15 vessels operating Brazil Santos Normal operation. Canada Vancouver Waiting time of 2 weeks Chile Valparaiso Normal operation. China Xingang and Shanghai Normal
      193 words
    • 150 21 AFP THE FIRST carrier built in Japan to transport spent and reprocessed nuclear fuel was launched at Mitsubishi Heavy Industries dockyard in Kobe on Wednesday. The 5,000-ton ship, ordered by Pacific Nuclear Transport, a subsidiary of British Nuclear Fuels Ltd. will be delivered
      AFP  -  150 words
    • 7072 26 SBB3GX9OJ2 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
      7,072 words
    • 1159 28 AT CONVENTIONAL WHARVES MARINA WHARVES SeioMera ii B M3B 16 04/0900 1604/2300 VMMI Berth Arrival Departure Horapon Somudra Joyo Bersomo M1B M2A 16 04/0900 16 04/0600 17 04/0600 1604/2200 KEPPEL WHARVES Johan M4B 16 04-0700 16 04/3000 Alfesom KI9 alongside 1604/1100 Kolimanton 1 M3A 1604,-0700 1604,-2300 8ergen
      1,159 words
    • 1464 28 Who acts for whom The leading shipping lines operating from local ports and their agents A—B AB Shipping Boustesd Shpg Agencies Ahrenkiel Liner Kim Shpg (S) Alfred C Toepter Oceanua Shipping Agenciee (S) Multiport Sdn Bhd (PK) Alltrans Alltrans Express American President Linee A PL (SVBoustead Shpg (PK/PN) Antah Orient
      1,464 words
    • 126 28 Ares/Port Viscosity Density Wster CST st 50C G/ML st 15C Volume 0/0 Africa/Red Sea Jeddah 149/195 0.948/0.973 0.1/2.4 Durban 115/193 0.987/0.992 0.0/0.2 Arabian Gulf Ras Tanura 139/161 0.946/0.950 0.0/0.1 Bahrain 178/194 0.968/0.981 0.1/0.2 Europe Rotterdam 33/454 0.950/1.006 0.0/0.7 Hamburg 143/405 0.962/0.990 0.0/0.6 Le Havre 27/388 0.930/0.989
      126 words
  • Page 19 Advertisements
    • 894 19 Mammoth Hunters Jean M. Auel L J CORONET BOOKS Available at all Good Bookshops [Sk\ STP Distributors 2 Jurong Road Smgapor* 2261 OOCL Okjent Oviiqeas C<mtum\ Line w\w JARoTnC SHIPPING AGENCIES No. 242*4/ 00K) 200 Cantonnwit Row) #12-06 Soothpo.it, Smppor* QZOB T«l 221X111 TELEX NO RS ***** TIM4INAL/CFS TM *****18
      894 words
    • 60 19 UMKDS A METAMORPHOSIS has begun in the shipping of vehicles in Japan to US trade. Page II AMERICAN President Companies says its trans-Pa-cific shipping capacity will double the 1984 level when the five new C-10 vessels are fully deployed in 1989. Page 111 Index to advertisers London freights Port conditions
      60 words
    • 989 19 SHE HAD POWER. SHE NEEDED LOVE. SHE WANTED REVENGE. Emma Harte is A WOMAN OF SUBSTANCE Bui what is the price she has paid? Available at all good bookshops MAERSK LINE EUROPE The Direct Line Towards A Weekly Service Port Kelang To Eurooe UK Scandinavia Finland 13* IVS 14* 14/5
      989 words

  • Page 20 Advertisements
    • 286 20 I^*2 COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO MEDITERRANEAN AND EUROPE outbound TO north continent ALSO ARABIAN GULF AND INDIAN SUB CONTINENT Also accepting cjrgo to all U K destinations, Scandiaaman (/Cartas, Copenhagen Gothenburg) ar*J other European OUTBOUND TO MEDITERRANEAN ilarv) points Also «x«c*in( FCL Cargo to limauoi.
      286 words
    • 17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association
      17 words
    • 240 20 EUROPE/FAR EAST CONVENTIONAL SERVICE VSL SCAN VENTURE PT of LOG. l|Muidin*Brwifi'lskindinin Luteck-H«nbur| TEL: 03-*****50 MALAYSIA SON. BMO. TLX: ***** MTM PT KLANG 17/5 Further load/ discharging ports en route subject to sufficient inducement Singapore Offer MTM S pore Tel: *****00 Tlx: RS ***** MTMSEA. Fax: *****45 Frt. Booking contact Miss
      240 words

  • Page 21 Advertisements
    • 865 21 r The Straits Steamship Group Mansfield Container Shipping Re Ltd PftTWT Wi p& ra\A>L Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAINERS** SERVICE TO UK/CONTINENT: PEGASUS PRIDE PEGASUS PRIDE BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL: *****80 Also Accepting Cargo For: Hamburg to Copenhjferv Aarhua. GotMnburf.
      865 words
    • 769 21 CHARGEURS REUNIS (MED CLUB MEMBER) CONTAINER SERVICE TO MEDITERRANEAN S port P Kel»n| Bloru CONTAINER SERVICE FROM MEDITERRANEAN MONT BLANC MARU NEW OASIS OMEX PIONEER NIPPONICA 21 Apr 23 Apr 21 Apr 30 Apr 10 May 11 May It May 21 May M Millet Genoa Trieste 12 May 14 May
      769 words

  • Page 22 Advertisements
    • 304 22 r Hapag-Lloyd CONTAINERSHIP SERVICE TO UK/CONTINENT ALL UK INLAND OCSTINATIONS. BELFAST. DUBLIN COPENHAGEN. AARHUS. GOTHENBURG MALMO. HELSINKI. OSLO. AMSTERDAM CARIBBEAN I S. AMERICA CONV, SEMI-CONTAINER SERVICE TO EUROPE S PORE H BURG ROAM A'WtRP IMMINGHAM RS TIANJIN MH W W ifi afi CONV/SEMI CONTAINER SERVICE TO MED EUROPE SP PK
      304 words
    • 591 22 I k *lun» ,„f, SMWi FULLY CONTAINERISED SERVICE \TO EUROPE VIA SUEZ M mbff ol Conso,l,uni Is pore LeNa»re R dim Fstowo H burg B'ha»«fl Antwerp CHINA CONTAINER 39W 22 4 NEPTUNE CRYSTAL 39W 29 4 VERRA2ANO BRIDGE KW 6 S TRANSWORLO BRIDGE 37* 13,5 •PKELANG CTRS VIA FEEDER VESSEL
      591 words
    • 395 22 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: KK Tj Mam S PORE PT KELANC LOADINC FOB Sailed tn Port Rott/Antw/ UK (Newport) MOORDRECHT 25/4 ITC 005 Sete/Rott Antw/UK (Newport) CRANE SHIPPING Agants: SINGAPORE CALICO SHIPPING PTE LTD Tel 2252 M Til RS am CALICO FAX: 22*5771 PORT
      395 words
    • 1123 22 «?T EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GRACE m* Vf, EVER LINKING OH V* 9* lft M EVE* GLOBE 29/4 3/5 sft 2ft y EVE* GRANO 6/5 I*s 12ft 14/5 u EVW GLEAMY M N|S W W OA EVE* LAUREL 27/5 11/5 2/64/6-- JM EVE* GATHER M
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  • Page 23 Advertisements
    • 498 23 i PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE VESSEL PIVA BHUM SIRI BHUM SEA DRAGON JENLINK SEA PEARL RED SEA/EAST AND WEST AFRICA SERVICE KARACHI/M.E. GULF SERVICE VESSEL KOTA MEQAH
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    • 127 23 NORBULK NORBULK CARGO SERVICES LTD. REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS TO: INDIA/PAK/RED SEA PORTS SWK SABAH SPORE LOADING FOR ARIANA NBT-09 In Port KARACHI MANCALORE NORBULK NBT-10 22/4 VIZA/TUTI,CALCUTTA SPORE MARATHON UNITED AGENCY PTE LTD TIL *****66 W MALAYSIA S P YEO SHIPPING t TRADING KL
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    • 665 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT knim JO4 by V 4 NKtMfo Maru 15 City oi E4in*urgt< t/5 Frankfurt Eipmt 135 BenaMe' Itii Kitano Maru 7*5 L*p 81* H KjmMuri Maru 1H SPORE PKLANC STON EXPRESS CONTAINER SERVICE FRCNM UK/CONTINENT Sail* Sa.led Sa led Sailed SailM I Sailed
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    • 444 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYO P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TIHKOAA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SIN6APORE TO EUROPE Buto|act to Inducement. Alao ecceptlrvg cargo to Casablanca, Port Sato. Port Atoiandrla, Ganoa, Trieste ALSO ACCEPTING BOTH CONTAINERS CONVENTIONAL CARGO VIA T/S TO UK PORTS.
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    • 421 23 s BOUSTEAD SHIPPING AGENCIES m PA-AN VlO9 PAGAN VII 2 HTONEYWA V 223 ■yohaywa run BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S'pore P.Kelang Pcnang Bangkok lfcU Aar 20® Ar 23/25 Apr £3 BANK LINE NORTHBOUND TO UKC SPORE ROAM HULL HMBG TOANA NIUGINI V3N 19/4
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  • Page 24 Advertisements
    • 1096 24 Kline —KAWASAKI KISEN KAISHA. LTD—emmm/KM/CMU "OTHER VSI SPORE PKLC PNG SPORE KOBE GUAYAQUIL CAUAO ARICA IQUIQUE AFAGASTA S ANTONIO VALPARAISO f A STAR VS7 TBN VSL IS Apr It Apr 17 Apr Apr I May 7 Jun IS Jun 1» J„„ carrm americacaribbean sea HEDtR VSI MOTHER VSL PKLC PNC
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    • 304 24 Accepting LCL and South Africa cargoM Direct to S A VAAL 2730F NEDLLOYD COLOMBO 2828F S pore Durban P.Eliz 18/4 1/S J/5 291* 13/5 15/5 HAYAKAWA MARU 2S3IG SA. VAAL 2730 C P.Eliz C.Town Durban SM 16/4 19/4 2/5 4/5JAROtNE SNIPPING AGENCIES (REG. 242*4/ OOK) 200 CANTONMENT ROAD #12-05 SOUTHPOINT,
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    • 702 24 isca a&w AUSTRALIA EXPRESS CONTAINER SERVICE Acc»pOng FCL/FCL CwMmw Feeder P Keiang Liner Vessel Spore IMb Frem Sydn Also Accepts "AMOAS V2B 21 Apr 6 May 15 Ma* 13 May Aart Bms ESTECLIPPtR Vl3 26 Apr "CHANOIDAS ¥25 27 Apr 12 May 21 May 19 May AM Bns £?i£?ARV3« 12
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    • 783 24 GOLDEN LINE %£> GUAN GUAN SHIPPING (PIE) LTD 23. Itto Arc Sliwt SMGVOtf 0104 Til SJ4WU (II IMS) STRAITS/PERSIAN GULF SERVICE: ?port GOLDEN BEAR Colombo/KwidM/Mine Qatxw/Dubai 23/24 A GOLDEN HARVEST Colombo'KeradiiDube.'Bahrain 1/10 I CHINA OCEAN SHIPPING CO.. PEKING THE PEOPLE S REPUBLIC OF CHINA P KLANG PENANG DESTINATION YALUJIANG 20/4
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    • 474 24 4p (PTII LTD. 15 Hoe Chiang R o »07-02/03 Santord Building Singapore 0204 Tel *****11 (10 Lineal Bulk Orient Line BREAKBULK SERVICE TO EUROPE/UK MV. BOSL TBN 1705 P Kelang Loading tor 3/5 ROT/ANT/U K. (HULL) Singapore INTRASEA (PTE) LTD BOOK INC 224(511 K Lumpur BINTANG SHIPPING CO SON BHD
      474 words

  • Page 25 Advertisements
    • 815 25 S>*e NEPTUNE AGENCIES PTE LTD fl EU/AUST TPA/SEA Td No Office Terminal CFS iOOKSNCS 27J575J *****42 vmv man *****53 1 27*111 27*141 NEPTUNE ORIENT LINES LTD NEPLINE SDN BHD iW NEPLINE SDN BHD *****33 NEPLINE SDN BHD i2M3S/tt7MM2H*I/M7*tt NEPLINE SDN BHD 23*40/23*41 TO EUROPE/UK (VIA SUEZ). PKelang S pore Havre
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    • 473 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG, PENANG, BUSAN. INCHON Vessel s Name S pore No 8 Donam 7Q3N 18 4 No 7 Donam 703N 17/4 No 6 Donam 705N JO/4 No 9 Donam 703 N 7/5 M Enter,7loN 11/5 No 7 Donam 704N 20/5 No
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    • 587 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANC mi% HANDLING SYSTEM CO SON IHD No 14 Jaton Cunplt. Port Kalant SeMnoof, Mtiayju W:
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    • 83 25 FERI MALAYSIA SDN. BHD. RORO CONTAINER PAILETISED WEEKLY SERVICE TO KUANTAN KUCHING K KINABALU ALSO ACCEPTING SELE DRIVEN HEAVY VEHICLES REGULAR DEPARTURE ON "CRUISE MUHIBAH" VOYAGE WORE KUANTAN KUCHMQ KOTA KMABALU FM 101 17*4 IIW It/M nm IVM 11/U 17/W I*o6 a/o« torn n rot tarn 12m IVM 14*00 10/00
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  • Page 26 Advertisements
    • 299 26 SINGAPORE SHIPPING CORPN.(PTE) LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD VEB DEUT F R ACHT 'SE EREEDEREI ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE TO EUROfE "VIA COLOMBO Accepting cargo for Bombay. Cochin Madras "VIA LARNACA Accepting cargo tor Piraeus, Thessatoniki. Izmir. Istanbul. Mersin,
      299 words
    • 266 26 JVantoiltne Fir East-South Africa Sfvhs* REGULAR FULLY CONTAMERMED EXPRESS SERVICE um u P LOUIS OBN E LDN P.ttlZ C TOWN NAN HWA V 3tS 2tV4 30/4 7/5 PALEISGRACHT V2S 214 9/5 12/S 17/5 11/5 19/5 NANTAI PRINCESS V-14S 7/5 15/5 19/5 21/5 22/5 23/5 J**"™. P INC£ K® W 7/S
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  • Page 26 Miscellaneous
    • 185 26 I Regional Weather WA i a N IS El > m vt 2 ll 18. 3 7a m S! S wV Ar m* -> rv >5 M SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed in knots Wove height LEGEND R Thunderstorm Temperature o
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  • Page 27 Advertisements
    • 225 27 t j* frD u=o CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8. *****8, *****5 07-*****1, *****3, *****5, *****0 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE OTHER DESTINATIONS: AARHUS, AMSTERDAM. ANTWERP. BASLE. BREMEN. BREMERHAVEN. COPENHAGEN. HELSINKI. MALMO. OSLO. STOCKHOLM. UK. LOADING
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    • 409 27 L C SHIPPING PTE LTD 10 Jalan Besar, #08-05 Sim Lim Tower Singapore 0820 Tel: *****55 (5 Lines) Telex: ***** CSTC ETA ETD Loading for BARGE No 1 In Pt 18/4 Sandakan MEGAH BROOKE No 1 V 3/87 21/4 23/4 Muara/KK/Miri A VESSEL 22/4 24/4 Kuantan/K. Trengganu FORTNIGHTLY SERVICE TO
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    • 229 27 COLUMBUS LINE REEDEREI GMBH (A SERVICF OF HAMBURG SUDi EXPRESS SEMI CONTAINER SERVICE TO NORTHBOUND TO UKC TOANA NIUGINI V3N TTAUSALA SAMOA V9N MORAYBANK V3N TACAMA VIN RDM/A DAM HBC HULL (U.K.) 14/5 11/S 22/5 24/5 27/5 1/6 4/6 9/8 13/6 7/6 11/6 15/6 •Alto Accent FCL to AntOTrp/Br«Mn/F*iiisto«»ttouthiatotaiVßal«Mt/GotlMflfcur| t
      229 words
    • 155 27 JfiFARGO SHIPPING COMPANY (PTE) LTD: REGULAR EXPRESS FULL CONTAINER AND LCL rc «VICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europa/Madltarranaan V»l BRUSSEL ANTWERPEN C. VEROLME TBN 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 ASIA WEST AFRICA
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  • Page 28 Advertisements
    • 430 28 2S Tim w Mitsui OSK Lines JLtd CONVENTIONAL/SEMI-CONTAINER EAST AFRICA AFRICA'S r NO i FULL CONTAINER SERVICES SEE MONDAY. WEDNESDAY. FRIDAY ADVERTISEMENT OCEAN ELITE VOY EAA33A ASTRA PEAK VOY SWA2SA LINDEN BEL VOY EAA4A SUBJECT INDUCEMENT WEST AFRICA RAINBOW AVENUE VOY WAB2A 16 Apr RIVER OLI WAA3SA 14 Apr TELAMON
      430 words