The Business Times, 12 March 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 TUESDAY, MARCH 12, 1985 60 CENTS
    12 words
  • 538 1  -  Major setback for finance companies By AMY BALAN BANKS CONSOLIDATED their thrust into the home loans market last year with a hefty $355 million or 63 per cent increase in business in spite of the soft property market. Banks were giving out
    538 words
  • 323 1 FTTZPATRICK's Ltd has filed a winding-up petition for Key West Cafe Pte Ltd following the cafe's sudden closure early last week. The Japanese franchise for the cafe, in the Promenade on Orchard Road, was held by Mr Loh Man Chee who also managed
    323 words
  • 191 1 THE SINGAPORE Tourist Promotion Board (STPB) is holding a Singapore Travel Mart in New York today and in Los Angeles on Thursday. Through this promotion trip, it is hoped that more Americans will visit Singapore and that they will
    191 words
  • Article, Illustration
    97 1 THE selling pressure which was building up last week gained momentum yesterday, resulting in shai? falls on the Singapore stock market. Observers debated over the extent of the Budget's impact on yesterday's market. Some said investors' expectations were too high, prompting the selling, while at least one analyst
    97 words
  • 393 1 THE CENTRAL Narcotics Bureau will set up an anti-inhalant abuse team to sieve all detected cases of glue sniffing and to follow up on all such cases. The team will also provide data and feedback to the recently
    393 words
  • 85 1 THE DOLLAR moved lower against other major currencies on nervous European foreign exchange markets yesterday. News that Soviet leader Konstantin Chernenko had died (See back page) made the markets edgy, while the threat of further central bank interven- tion and lower US interest rates added
    85 words
  • 323 1  -  By BOEY KIT YIN THE LOCAL engineering industry is looking towards Australia as a market and as a source to upgrade its services to sell to Third World countries. A high-level mission, organised by the Economic Development Board, began its two-week tour of Australia
    323 words
  • 68 1 Reuter TAIWANESE Economics Minister Hsu Li-teh has resigned over a bank scandal which has affected one of the country's largest industrial groups. The government has decided to investigate the finances of the Taiwanese Cathay group and will punish any officials involved. Depositors withdrew US$600 million from
    Reuter  -  68 words
  • Page 1 Advertisements
    • 58 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Protect your office carpet with Permasil trip-proof plastic sheet 7 Permasil plastic sheets protect carpet and increase mobility. Roof leak, floor chipping, wall k paint flaking, (I rust protection? Use Permasheld protective coating PermashekJ X—T /A For domestic applications Call Te!: *****55 (office), *****61,*****31
      58 words
    • 272 1 A SINGAPORE company is OUR VIEW COMPANY NEWS one of three portners setting WFABNF Rmtkarc I*A u up o $21 million joint «n- THE SAD PRACTICE of glue-sniffin 9 is justifiably re 9 orded by ture plant in Sri Lanka to many as a message of despair from a certain
      272 words
    • 15 1 Full report, Pag* 13 Asian stocks, Pag* 11 Int! stocks, Pag* 10 Leader, Pag* 8
      15 words
    • 198 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Picking a portfolio HAVE you been left behind by the New Year surge in the stock market index, or is there more yet to come? Investors who believe that the Year of the Ox will see more gams are still faced with the problem
      198 words

  • HOME NEWS
    • 452 2  -  One of three partners setting up plant in Sri Lanka By GRACE YU A SINGAPORE company is one of three partners setting up a $21 million joint venture plant in Sri Lanka to make aluminium products. Comcraft Asia Pte Ltd of Singapore, the management
      452 words
    • 306 2  -  By LISA LEE EASTERN Industries group's sales revenue has grown by 45 per cent in the past three years and with some $22 million recently ploughed into capital investment, the group expects to further increase sales this year. The group, comprising Eastern Industries Pte Ltd, Eastern
      306 words
    • 265 2 AUSTRALIA is pressing ahead with plans to cultivate Singapore as a buyer of its chilled pork in spite of uncertainty over when pig farming would be phased out here. Mr Jack Jones, special trade consultant to the Australian Trade Department,
      265 words
    • TRADE TALK
      • 86 2 an Australian company, is seeking agents in Asean for its general purpose hand winches, designed (or boat trailers, but which can be used to hoist and transfer dead weight loads. Apart from boat trailers, these winches can be mounted on four-wheel drive, off-road vehicles to free bogged vehicles
        86 words
      • 93 2 Manage- ment System, which is capable of integrating cost and resource data with schedule data, is now available through Total Information Systems PteLtd. The software system, developed by Systonetics in 1979, is supposed to provide top level and project managers with current data for timely professional decisions. One
        93 words
      • 71 2 Elevator Corp Ltd has taken delivery of a Computer-vision CAD/CAM system. Fujitec's CAD/CAM system is the first in Singapore to be housed in the CDS 3000, a new line of fully-configured and packaged workstations for computer-aided engineering, design and manufacture. The system will be used to rationalise the
        71 words
    • 247 2 ATS COMPUTERCENTRE has added two new models to its GRID series of portable Compass computers. The new models of the GRID Compass II computer have larger screens that can display up to 128 characters per line as compared with the standard 80 characters per line of the
      247 words
    • 255 2 AN INVITATION to invest In Cyprus was made by the Republic's High Commissioner-Designate to Singapore, Mr Antonios J Varkis, yesterday. Speaking at a press conference held at a local hotel, Mr Varkis, 49, said Singapore investments in Cyprus were "really not so high", and
      255 words
    • 115 2 GANTA (S) Pte Ltd has concluded an agreement with Lea and Perrins International to market the world-famous Lea and Perrins Worcestershire Sauce in Singapore. The sauce, which is sold in more than 120 countries, is also manufactured in Australia and the US, and bottled under
      115 words
    • 101 2 EIGHT OLD community centres (CCs) will be closed with effect from March 18. Aasaa eaastttateacy: Maxwell Community Centre and Silat Avenue Sub-Community Centre. Residents can use the new Anson Community Centre at 148 A Silat Avenue. Pataag Paslr caastltateacy: Sennett Community Centre and Lorong 8 Toa Payoh
      101 words
    • 230 3  -  By GRACE YU A HIGH-TECHNOLOGY plastic film which can give ordinary glass windows the same properties as armour-plated glass has been introduced in Singapore. The film, called Armor Shield Wonderglass, is made by USbased manufacturer ArmorShield. It is said to be able to increase
      230 words
    • 458 3 MORE SHOPS, offices and apartments will be released into the market with the official sales launch of the new 21st orey Arab-owned Galadari Forum on March 25. The yet-to-be-completed complex, between Ming Court Hotel and the Singapore Hilton, is
      458 words
    • 253 3 A TEAM of nine officials from the Johore legislative assembly met Public Utilities Board chairman Mr Lee Ek Tieng yesterday for a discussion of the statutory board's functions. Although the meeting with the PUB was at a special request of the Johore team,
      253 words
    • 488 3  -  Officials to gather support for Tianjin exhibitions By LEE HAN SHIH THREE CHINESE officials are visiting Singapore to drum up support for two exhibitions in Tianjin later this year and to pave the way for bilateral trade between the city and Singapore. Led by
      488 words
    • 273 3 PIG FARMERS, with their experience in running businesses, could consider retailing fresh produce in mini-markets which the HDB will be building in the new towns. This alternative avenue to which the farmers can turn to when pig farms are phased
      273 words
    • 198 3 SIX LOTS of land with a total area of 13,904.1 sq metres at Bedok have been gazetted for acquisition under Section 5 of the Land Acquisition Act. The largest plot, measuring 7,079.5 sq metres, is owned by Kek Lai Swee, Kek
      198 words
    • 269 3 SEVEN HUNDRED and fifty flats and shophouses in Everton Park Estate will be redecorated by the Housing and Development Board at a cost of $230,000. The HDB recently signed a contract with Poh Lian Construction for repairs and redecoration for seven
      269 words
    • 155 3 THE CHALLENGE of all training institutes is to keep abreast of the needs of the job market in order to minimise on any mismatch. Dr Tay Eng Soon, Minister of State for Education, said this at the opening of the Colombo Plan Staff College
      155 words
    • 79 3 CALL *****96 if you have any questions about cashless transactions. This hotline has been set up by the Ministry of Finance in conjunction with a three-month campaign to be launched on Thursday. Also included in the programme is a four-day exhibition March 14 to
      79 words
  • Page 2 Advertisements
    • 338 2 THEY TALK yLijummuwiwr TO EACH OTHER. KS& SSS&Xv.* **»+>■ ru qi u nmffimwnmmn WM'MW-W'JII.IMII.J'L'I'UBI.I.I ■Mil THE PORTABLE. The best portable business computers never stand alone. That's why The Portable from Hewlett-Packard is completely connectable to the IBM® PC, XT and the HewlettPackard Touchscreen PC. Simply add The Portable Desktop Link
      338 words
    • 130 2 HEAR YE, HFARYE, LUNCH AT 1519 If lunch is eating away your time We have a great i suggestion in mind A 3-course meal everything in For a mere dollars eighteen and cents nineteen There's a daily change of menu Our Burma Room's > the venue Oh, by the way
      130 words

  • Page 3 Advertisements
    • 162 3 Some of the Best Consumer Names in Singapore In business, it's not what you know but who you know that really matters. That's why Ad Vantage makes it a point to know the right people Their names and addresses can be yours for the asking, anytime you plan a direct
      162 words
    • 132 3 Express your individuality Express your personality with a distinctive, vital look which you can easily co-ordinate at Melwani. Select from a wide choice of reputable suitings, from names such as Wain Shiell, Dormeuil, Zegna and other top quality brands. Choose readyqjade clothes, shoes and accessories that will complement and reflect
      132 words

  • OVERSEAS
    • 668 4 NYT AN ENORMOUS tide of money, rivalling the "petrodollars" from Opec's profits amassed in the oil crisis years, is rolling through the world economy at a rate of US$5O billion to $100 billion a year. The new money comes from Japan, and about half
      NYT  -  668 words
    • 154 4 UPI AS MUCH AS US$lOO million a year may be stolen through transactions at bank money machines in the US, largely because people do not guard their personal identification numbers carefully, a US government report said. But a trade association attacked the survey by
      UPI  -  154 words
    • 217 4 Reuter NEW ZEALAND Prime Minister David Lange said he would seek talks with US Secretary of State George Shultz on Wellington's nuclear-free policy when the two men attend a regional foreign ministers' conference in Kuala Lumpur in July. Mr Lange told a press conference he was
      Reuter  -  217 words
    • 276 4 AP THE elusive extortion group that has placed poisoned candy on store shelves to blackmail confectionary companies has struck five food companies based in western Japan, a major Japanese daily reported yesterday. This latest development comes on the heels of news reports on Saturday
      AP  -  276 words
    • 123 4 AP NEW OIL deposit areas have been detected in the South China Sea off Malaysia's Trengganu state, but they will remain unexplored until oil prices pick up again. The areas, if drilled, would be expected to boost by 50 per cent Trengganu's daily
      AP  -  123 words
    • 483 4 UPI CAMBODIAN guerillas began retreating from their stronghold at Green Hill yesterday after a seven-day Vietnamese infantry and artillery siege. Diplomats and Thai military sources in Bangkok said Prince Norodom Sihanouk gave the order to withdraw all of Green Hill's estimated 3,000 defenders
      UPI; Reuter  -  483 words
    • 150 4 AP INDONESIAN Foreign Minister Mochtar Kusumaatmadja said yesterday he would travel to Hanoi this month as planned, in spite of rumours of a cancellation of the visit amid Vietnam's continued attacks on Cambodian resistance forces. Mr Mochtar also said .Indonesia had not presented to Vietnam any
      AP  -  150 words
    • 563 4 AP FORMER AMERICAN president Richard Nixon says the US should give terrorists only a single warning and then strike back, "even if there is some risk to innocent people". And, he writes in a justpublished book, civilised nations should act in union
      AP  -  563 words
    • WORLD IN BRIEF
      • 70 4 CHINA had a record number of visitors last year and 35 per cent of the foreigners were businessmen. The official Xinhua news agency yesterday quoted the Public Security Ministry as recording 29.76 million entries and exits last year, up 34 per cent from the year before. Police
        70 words
      • 85 4 A FILM depicting the world through the eyes of a Chinese high-school girl has won China's annual Golden Rooster award for best picture of 1984. The Girl in the Red Shirt, adapted from a novel by a 27-year-old author named Tie Ning, was produced by the Emei Film
        85 words
      • 78 4 AN IRAQI air raid on TaOriz, Iran, on Sunday night killed 24 people and wounded 153. The Iranian News Agency said yesterday that 10 cities were bombarded by air or artillery during the day. In Baghdad, a miliJJdy spokesman said Iraqi r aircraft twice bombed Isfahan in
        78 words
      • 97 4 FRANCE'S extreme right National Front Party has proved it is here to stay by winning a solid 8.4 per cent of the vote in the first round of local elections. Unofficial results gave the opposition UDF and RPR parties and their allies exactly 50 per cent of
        97 words
      • 52 4 A FIRE started by arsonists seriously damaged the airport of an outlying island in France's troubled South Pacific territory of New Caledonia on Sunday. Police said yesterday that the fire destroyed airport buildings belonging to the territory's airline Aircal and damaged the control tower on the eastern island
        52 words
      • 58 4 Agencies TWELVE ISRAELI soldiers were killed on Sunday and 14 were wounded by a suicide truck-bomb in Lebanon north of the Israeli north-eastern border town of Metulla. An Israeli military spokesman said yesterday that the victims were in a troop transport truck when the blast occurred. Three Lebanese
        Agencies  -  58 words
    • 456 5 AQUINO Trial AFP COURT officials, state prosecutors and defence lawyers yesterday inspected the Manila Airport docking gate under which opposition leader Benigno Aquino was assassinated 19 months ago. The visit, part of the trial of armed forces chief General Fabian Ver and 25 others
      AFP  -  456 words
    • 116 5 Reuter THE GOVERNMENT is seeking public opinion on setting up special sex districts to combat the problem of prostitution in crowded residential areas of Hongkong, an official said yesterday. Bowen Leung said hundreds of prostitutes had found a loophole in the law which allowed
      Reuter  -  116 words
    • 211 5 AFP PHILIPPINE President Ferdinand Marcos and his wife Imelda are secret partners in three Silicon valley companies in which their government has allegedly invested millions of dollars, according to a story published on Sunday by the San Francisco Examiner. The paper,
      AFP  -  211 words
    • 535 5 WAN THE LOWERING of Australia's import taxes over a 10-year period is one of the major changes proposed in a report to be submitted to the Australian Federal Government. The report by the National Export Marketing Strategy Panel urges the change because Australian exporters
      WAN  -  535 words
    • 393 5 Reuter THE END of the British coal strike will boost the economy and has removed a major element of uncertainty prior to the budget for 1965/86, but financial analysts remain divided over what the budget will contain. National Westminster Bank PLC said:
      Reuter  -  393 words
    • 123 5 AFP THE MALAYSIAN Armed Forces are shedding British ceremonial customs it considers incompatible with Islamic beliefs. Mohamad Yusof Abdil Rahman, secretary-general of the Defence Ministry, said on Sunday there would no longer be any sounding of the last post or firing of a volley at
      AFP  -  123 words
  • Page 4 Advertisements
    • 261 4 NEC NEC SYBIZ ACCOUNTING SEMINAR 25th 26th March 1985 Phoenix Room, Hotel New Otani River Valley Road, Singapore Are you happy with your present computerised accounting system, or are you going to computerise? Many microcomputer business packages claim Our speakers who are established proto be integrated and friendly. With its
      261 words

  • Page 5 Advertisements
    • 357 5 WHO SAID COMPANY CARS HAD TO BE PRACTICAL? Of course they have to get jflHi you from A- B as comfortably and economically as possible. But does that mean the interior should be dull and featureless? Or that only the fixtures be included? Or that the car should look like
      357 words
  • Page 5 Miscellaneous

  • WORLD BACKGROUND
    • 745 6 Shrinking economies force employers to lay off foreign labour Reuter ALL ALONG the Gulf, from the United Arab Emirates (UAE) to the Iraqi border and across Saudi Arabia to the Red Sea, jobs are dwindling for thousands of Asians who used to see the
      Reuter  -  745 words
    • 777 6 AP IN BETTER TIMES, 600 fishing boats would set out each night from Rameswaram, a small island at the southern tip of India, in search of prawns in the Palk Strait and Gulf of Mannar. But today, the seas are dangerous. The boats
      AP  -  777 words
    • 446 6 AP AFTER YEARS of an oil-fed economic boom that gave Kuwait one. of the world's highest living standards, Kuwaitis are labouring under a phenomenon that seemed unthinkable a few years ago recession. The Iran-Iraq War and the decline in world oil prices have
      AP  -  446 words
    • 582 6 Reuter WESTERN-style soft living could rob Japanese youth of the will to work which led their parents to create the world's second richest nation. This is the view of social critics who survey Japanese in their teens and early twenties basking in
      Reuter  -  582 words
    • 787 6 Optrotor ARRIVALS Strvica Local Frwi PAA CV MAS MAS MAS MAS MAS PBA SIA CPA OA PA5 CV796 MH60I MH66I MH603 MH671 MH811 BM2I SQI03 CX710 GA960 tMM 0155 0315 0720 0820 0905 0935 0940 1000 1005 1030 1100 JPK/SKVt-KG LUX/DXB KUL KUL KUL KUL PEN BWN
      787 words
  • Page 6 Advertisements
    • 42 6 IMADA MAN VifT Where East meets West. For the very best in Japanese and Continental dining where else but the Shangri-La. RESTAURANT Shangri-La hotel SINGAPORE Ample FREE parking. For reservations, ring F.sther on *****05 or *****44 ext. 1954. A shangri-la international HOTEL
      42 words
    • 30 6 A/V1 l¥W Pan Am Is I king I n San I rancisco, Honolulu \nd \o\v oi klmm I {onglvoni* and I ok\ o I )ail\. For Updated Information Call *****11
      30 words

  • RAW MATERIALS
    • 153 7 Chinese Produce Robusta 20/25% Exchange FOB NSW 477 50 (Sellers' noon dosing prices on Mar Nutmeg 11. S$/100 kg) 110 FOB NSW 396 00 Coconut oil E W FOB NSW 248 00 Butte FOB 155 00 Gambier Otd drum FOB 168 00 FOB NSW 330 00 New drum
      153 words
    • 275 7 Singapore C-l Ord unq (SS/kilo, M-godown) Loonzoin Rice Fragrant new crop 100% 1st grade 100% 2nd grade unq 227 1st 2nd 3fd u.yo 0.70 065 100% 3rd grade unq Parboiled Rice New Crop 5% 227 25%i no stock 10% 222 10% no stock Maize Thai Broken unq A-sut>er Spec
      275 words
    • 79 7 THE Koala Lumpur Tin Market price held at the ITA floor of M|».ls per kg yesterday. Baying was again confined to the buffer stock manager who took the 144 toones turnover compared with 135 on Friday. Stronger sterling against the Malaysian dollar narrowed the Koala Lam par Tin
      79 words
    • 158 7 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix I6's 2,550 Blue Phoenix 20's 2,750 Blue Phoenix 32's 3,300 Blue Phoenix 40's 3,650 Carded yarn, hank Blue Phoenix 2l's 3,000 Combed yarn, cones Blue Phoenix 32's 4,350 Blue Phoenix 40's 4,500 Open-end yarn 2,450
      158 words
    • 29 7 Reuter EFFECTIVE yesterday, minimum tea prices will be a uniform 31 rupees a kilo for south and north Indian tea sold at auctions in India. Reuter
      Reuter  -  29 words
    • 158 7 SINGAPORE The market closed marginally higher yesterday with April One RSS buyers quoted at 170.50 cents per kg, up 0.25 cents from last Friday. The morning session gained 0.50 cents on some buying of nearby One RSS. Prices hovered narrowly in quiet afternoon trading. MALAYSIA Prices closed steady with
      158 words
    • 339 7 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 167 50 168 50N 167 25 168 25N tnt 1 RSS Apr 85 170 75 171 25 170 50 171 00 Int 1 RSS Moy 85 174 25 174
      339 words
    • 138 7 THE Malaysian crude palm oil market closed firm in fairly active trading yesterday in spite of some late profit-taking which took levels off their early highs. In March, north firmed Ms7o to $1,375 a tonne, south $55 to $1,360 and central $52.50 to $1,360. In April, south rose
      138 words
    • 222 7 Bernama YUGOSLAVIA has agreed to buy about 50,000 tonnes of Malaysian palm oil yearly and has offered the use of one of its ports to become a transit centre for Malaysian palm oil for the European and Mediterranean markets. Yugoslav companies
      Bernama  -  222 words
    • 97 7 (cents/kg, 1-ton MAY 85 (current month) (forword month) NOON NOON RAS Buyers Sellers Buyers SCIIti SSR 20 171 00 173.00N 172 00 174 OON SSR 50 168 00 170 00N 170 00 172.OON MRELB Buyers Sellers Buyers Sellers SMR CV ***** 218 00N ***** 220 OON SMR
      97 words
    • 731 7 COFFEE Robusta futures eased to the lows of a narrow range at midday yesterday after a thinly traded morning session to show losses of £24 to £15. Prices opened easier, influenced by sterling's gains against the dollar, declining on light selling and stop loss liquidation. Slight trade support
      731 words
  • Page 7 Advertisements
    • 173 7 Thai Royal Executive Class. Wfe go to great lengths to please 3# Sr t V 4 ,-<• ;r^ ,-gr.» .-*> 1 -^s- -4^ X -r > A 41 >» 'x<W rift* 4 M Our Royal Executive Class offers longer legroom than any other business class. Many more inches of leg-stretching
      173 words

  • FEATURES
    • 513 8 DEVELOPED COUNTRIES are cursed with many ills, and glue-sniffing among youths is one of them. This sad and sickening practice is justifiably regarded by many as a message of despair from a certain section of society that inhabits, unhappy and often unnoticed, the fringes of prosperous and
      513 words
    • 1067 8  -  When the United States announced its new country-of-origin rules concerning textile exports, the instant reaction in Hongkong was one of dismay. Hongkong industrialists and officials fear more what it forebodes than just the immediate impact. They find it disturbing that the US can turn around and
      1,067 words
    • 644 8  -  While the Japanese government is eager to develop Tsukuba as the country's 'technopolis', it has some way to go before the city grows into a well-rounded one, with the cultural activities associated with a vibrant city. The Tsukuba Expo '85
      AFP  -  644 words
  • Page 8 Advertisements
    • 171 8 COME TO THE BEST IN BRUNEI. IjKMtHMi i mmnp *•*> &Sr* •v. k. &4L l i "X »-A O P—. SHRATON-UTAMA HO TIL 170 ROOMS AND SUfTES/2 RESTAURANTS 4 LOUNGES/GOURMET COGNER/BUSNESS CENTRE/MEETING FACHITR/9WMM»NG POOI COME TO THE SHERATON-UTAMA. Situated in the heart of Bandar Seri Begawan. the Sheraton-Utama is the
      171 words
  • Page 8 Miscellaneous
    • 34 8 BnStcW: Frank DiakenS I ST s school. cnpocfs TH\S »S Renins OF ffeßsoNHei. > thpct L/NST BATCH ,OF SCHOOL U£PIV£RS sou I useless k\ho of boy yDo SOU UJRNT J ONE. LOiTH P\ HiGH.DomeD V
      34 words

  • SPORTS
    • 485 9  -  By WALTON MORAIS INDIA, the undisputed one-day cricket maestros, will play their first game as reconfirmed world champions against a Singapore Selection at the Padang on Thursday. The Indians had on Sunday silenced critics who characterised their 1983 Prudential World Cup success in England
      485 words
    • 274 9 AP DANISH ACE Morten Frost, with the defence of his All England title less than two weeks away, hit peak form on Sunday to teach South Korea's up-and-coming Han Kook-Sung a 15-4, 15-5 lesson in the men's singles finals of the Danish Open badminton championships
      AP  -  274 words
    • 130 9 THE Singapore Motor Sports Club elected a new committee at the club's annual general meeting on Sunday. The club also amended its constitution to set up a trust fund and to make dissolution of the club more difficult. Dr Winston Lee, a prominent driver
      130 words
    • 506 9 UPI REFUSING to wilt in spite of the heat and a mighty challenge from Tom Watson, Fuzzy Zoeller strung together four birdies on the front nine on Sunday to shoot a 67 and claim a two-stroke victory in the US$5OO,OOO Bay Hill
      UPI  -  506 words
    • 87 9 UPI BONNIE LAUER ran away from the field with a 4-under-par 68 on Sunday to win the U*****,000 LPGA invitational by five strokes and set a tournament record with an 11-under-par 277 in Costa Mesa, California. Defending champion Nancy Lopez set the old record of 284
      UPI  -  87 words
    • 373 9 AFP PAKISTAN'S Jahangir Khan took just 35 minutes to remind the forgetful that he has no intention of relaxing his grip on the French Open championship title. Soheil Quaiser, twice British under-23 champion, was dispatched without ceremony 94, 9-5, 9-2, as 21-year-old Khan took
      AFP  -  373 words
    • 150 9 Reuter FREDDIE SPENCER rode his Honda to an unprecedented Triple Crown sweep on Sunday by winning the Daytona 200 for superbikes at Daytona Beach, Florida. Spencer's victory capped a spectacular weekend of riding which saw him capture the 160km Formula One national race on Friday
      Reuter  -  150 words
  • Page 9 Miscellaneous
    • 1124 9 LI to cm mm HIGHLIGHTS Feirfer's Follies 8 pm, Channel 12 American cartoonist and dramatist Jules Fe ffer gives his personal view of political and domestic history over the past 25 years with the aid of animated cartoons drawn in his inimitable style. His wickedly accurate pictures are paralleled by
      1,124 words
    • 764 9 Play golf the Sevvy way The heap shoulp not BE OPPOSITE OR OVER THE BALL AT APPRESS BUT A LITTLE BEHINP THE BALL, A BIT TO THE RIGHT. THEN \N THE SWING ITSELF, IT \S IMPORTANT TO KEEP THE HEW STIU THE MORE THE HEAP STANS STlLU PURING THE SWING
      764 words

  • INTERNATIONAL COMPANY NEWS
    • 915 10 Reagan administration believes commercial enterprises can provide cheaper services NYT THE REAGAN ADMINISTRATION has heightened its efforts to transfer a wide range of public assets and programmes to private enterprise, and it estimates that the changes will save more than US$2OO million a year by
      NYT  -  915 words
    • 530 10 NYT SIR JAMES GOLDSMITH, the secretive British businessman, is on the verge of making another major acquisition in the US. Wall Street sources say they could not be certain what it might be but say all signs seem to be pointing to
      NYT  -  530 words
    • 513 10 Reuter BRITISH PETROLEUM CO PLC, BP, has high hopes of an improvement in its squeezed refining and marketing operations in Europe this year, chairman Peter Walters says. A profit squeeze on petrol sales cut these earnings to £113 million last
      Reuter  -  513 words
  • Page 10 Advertisements
    • 109 10 x.- '-V is IF, I T r* 5 ,<**: <£ Is )r.S> MAKL A SPMJU) CC )Mf:IV\CK AfTKR AWKAPY DAY THE BAR Perk your spirits with a tall, cool drink at our 'disco-lounge'. Qr pit your skills against a friend's at backgammon or chess. Our Dee-jay spins the latest hits
      109 words
    • 118 10 tottt Out your very own retreat r ti V s At Scotts Cafe, we serve all your tastebuds* fancies from delicious Western cuisine to mouth-watering Oriental dishes. Set in an intimate atmosphere surrounded by red brick walls, wrought-iron lamps and lush greenery. JAi HUItL ASIA Your Irtond in Singapore HOTEL
      118 words
    • 57 10 0 Time: 12 noon 2.30 pm Price :$l2.OCr Fashion Show: 1.15 pm Models. IlKlll/UIUfl Modelling Agency Clothes by. Nouvelle Creations PRESIDENT MERLIN HOTEL SINGAPORE 181. Kitchener Road, Singapore 0820 >- I Tel: *****22 Daily new Businessmen's Lunch at only $12.50 Today: Rotage Rarmentier Boiled Beef Flemish Style Fresh Vegetables Hash-Brown
      57 words
    • 140 10 r 1 I K 9 ce spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. Special business lunch at $16 -h- each and $20 each (min. 2 persons). Over 50 a la carte specialities are also available. A* FURAMA SINGAPORE HOTEL
      140 words
    • 105 10 Continuing thr frtna (tolck at iJkJUIy een^oe 270 Orchard Road Singapore 0923 Tele*: RS ***** MCROWfI CaWe: CROWMtIOTCL rac: *****18. Tel: 7321 111 s 4 4f Brass rails, an ctchcd |WW J glass dome, a relaxed. S f r cn< N> atmosphere, and I 1— great provincial French cuisine to
      105 words

  • ASIAN STOCKS
    • 348 11 HONGKONG: Share prices closed generally lower yesterday on institutional selling based on bearish expectations over forthcoming corporate results. "fund managers prefer to sell their holdings first but may buy back if the companies' results turn (nit better than expected," a senior trader with a Japanese brokerage firm said. However,
      348 words
    • 232 11 MAI 11 Al Sn(«rt Indus Alia Cement MT 4 42 26 00 +0.17 0 2 Lien Hwa Indus Nan Ya Ptas Pocihc Cons Pocihc Elect Wire 12 55 29 30 27 00 18 80 0 05 -04 17 +0 2 008 Cathay Cons 27 00 -02 17 40 -0
      232 words
    • 338 11 TOKYO: Prices fell sharply yesterday, led by incentive-backed issues and international populars, driving the average down for the third day running. The market average shed 83.68 to 12.263.85, furthering Friday's 67.27 loss and taking it below 12,300 for the first time since Feb 27. The turnover was a light
      338 words
    • 101 11 MANILA: Share prices closed largely steady in quiet trading yesterday. The Oils index fell 0.017 to 0.576, while the Commercial and Industrial marker was unchanged at 119.99 and the Mining index was steady at 706.54. MAS 11 Acof« M«ng f«o> 0 0014 unch 0001 unch Oriental B PMk B
      101 words
    • 374 11 SYDNEY: Australian sharemarkets eased across the board yesterday in moderate trading following further declines on Wall Street and rising local interest rates. Near the close, the All Ordi- naries index was down 4.1 points at 783.9. The All Industrials fell 6.1 to 1,159.4 and the All Resources indicator was
      374 words
    • 153 11 BANGKOK: The market closed higher yesterday in active trading The Book Club index rose 0.75 to 127.27 and advances led declines by a margin of more than a three to one. MAR II Befct* Slam Citizen Siom Gty Cement 95 574 15 -20 Aofcham Thai Ana Fibre z South
      153 words
    • 71 11 Mof 11 Bonk Seoul Won 600 591 +2 -2 Hyundoi Const Hyundoi Motof KAL 905 537 550 637 1 -10 13 -10 637 •3 1796 7 451 -4 355 449 +21 Lucky Ltd 628 -2 527 -5 745 -20 501 -8 805 8 Go4d Stor 630 -2 1280 -10
      71 words
    • 59 11 Reuter FURAMA Hotel Enterprises Ltd will make an initial offer of 33.25 million shares at HK$4.BO each, lead underwriter Wardley Ltd says. Subscription for the shares, which have a par value of 50 cents and account for 25 per cent of total issued stock, will begin
      Reuter  -  59 words
    • 510 11 Reuter CHINESE TYCOONS are bidding for control of Hongkong's ailing British trading companies as business confidence returns to the territory after two years of political uncertainty. Under an accord signed last year, Britain returns its colony to China in 1997. A Hongkong broker
      Reuter  -  510 words
    • 228 11 Bernama AUSTRALIA'S largest construction company, Leighton Holdings Ltd, has raked in a record group operating profit of A 511.4 million for the six months ended December 31, 1984, a 24 per cent increase over the $9.2 million achieved previously. The company, which is actively involved
      Bernama  -  228 words
  • Page 11 Advertisements
    • 503 11 w SMI Irl&T %J§E£ £21 H 7. J PH y w °rnin<ula Ho'el 4k-' i V ->* b- t J Xfe r--4 New plush interiors which conjure up an entirely different atmosphere. Plus our warm hospitality and a menu of local and continental favourites that aims to please you... 24
      503 words
    • 98 11 Savoury Delights Await You At GMtUB~eomW Hong Kong Dion Xln available during lunch! For reservations call 235 2698 or 734 6622 exll4l/144 Lunch: 11am -3pm Dinner 6pm— 11pm 19 Cairahill Circle Singapore 0922TW 734 6622 CAIRMHIU. HOTEL ORCHARD ROAD Ample Free Parking and Valet Service Outside CBD < restaurant u
      98 words

  • BANKING AND FINANCE
    • 511 12  -  By ALVIN TAY LOCAL exporters should consider using factoring as an alternative when faced with a situation where their overseas customers do not wish to buy on letters of credit terms, said Mr Hermann Ehrenberger, chairman of Factors Chain International (FCI). In an interview
      511 words
    • 301 12 Reuter THE RESCHEDULING of the foreign debt of certain Latin American nations showed some tangible signs of progress last week but many obstacles still stand in the way of any definitive agreements. The preparation of documentation for Mexico's US$4B.6 bil'lion multi-year rescheduling agreement was
      Reuter  -  301 words
    • 131 12 Bernama MALAYSIAN Deputy Finance Minister Datuk Dr Tan Tiong Hong has denied that a Bank Negara guideline to commercial banks restricting their credit limits to single customers had resulted in funding difficulties. Speaking last Friday after opening a factoring seminar in Kuala Lumpur, he
      Bernama  -  131 words
    • 308 12 UPI A QUESTION MARK hangs over regional interstate banking in the wake of a lawsuit by New York banking behemoth Citicorp. In spite of the legal challenge, more than a dozen states are poised to consider regional banking this year. Maine fired
      UPI  -  308 words
    • 61 12 THE LOCAL branch of Tokai Bank yesterday launched its US$3O million floating rate certificates of deposit. The issue was jointly leadmanaged by Credit Suisse First Boston (Asia) and Tokai Asia. The four-year FRCD, with issuer's option to redeem at par at the end of the third year, carries
      61 words
  • MONEY AND EXCHANGES
    • Article, Illustration
      751 12 SINGAPORE The local dollar firmed to 5J2.2675/95 against the US currency from last Friday's close of 2.2790 2800, to 5J87.35/45 per 100 ringgit from 87.55/65 and to 5J29.05/10 per HKSIOO from 29.20 25. The US dollar closed easier against most major currencies. It hovered narrowly at the outset
      751 words
    • 239 12 Interbank rates at 3pm yesterday: rnimii I— Nominal rate* 8mttheonian Local dollars to quoted ye •tarday e rooa partly one unit of foreign currency US dollar 2.2740 ***** 2.8196 -1935 Sterling pound 2 4400 2 4456 7 3469 •66.79 Australian dollar 1 5804 1 5856 ***** -53 91
      239 words
    • 114 12 THE OVERNIGHT rate on the Singapore interbank money market fell by I<point from Friday to close at s'« per cent yesterday. The one-month rate fell by 1 16-point, but the two and three-month rates were unchanged. S$ interbank rates at 3pm yesterday Otter Bid Overn.ght 5 1/4 5 1/8
      114 words
    • 217 12 Interbank deposit ra itM us$ Offer Bid 7 days 89/16 8 7/16 1 month 8 15/16 8 13/16 2 months 9 1/8 9 3 months 9 1/4 9 3/16 6 months 10 1/16 10 15/16 9 months 107/16 105/16 12 months 10 3/4 10 5/8 SFr Dm Middle
      217 words
    • 358 12 BA Futures Inc EURODOLLAR futures opened higher yesterday on the strength of the rally at IMM on Friday. The market was showing signs that it was moving higher as Eurodeposit rates were declining. There was a breakoff from the resistance line at 89.46 in the June contract and this
      BA Futures Inc  -  358 words
    • 203 12 HONGKONG The metal closed higher yesterday after fluctuating amid reports of the death of Soviet leader Konstantin Chernenko. The bullion price finished at U*****.60/290.00 an ounce against a day's high of $289.90/290.40 and Saturday's $288.20/70 close here. On the local market, gold ended HK$l4 above Saturday's close at $2,701
      203 words
  • Page 12 Advertisements
    • 689 12 INCHCAPE BERHAD (Incorporated in Singapore) The audited results for the year ended 31st December 1984 and the previous year, after provision for depreciation of fixed assets of $10,337 (1983 $9,404) are summarised betowijurnover Operating profit Investment income Interest payable (net) Profit after interest Share of profits less losses of associated
      689 words

  • SHARE IFORMATION
    • 4200 13 STOCKS LOST GROUND yesterday In the first postBudget session on the Singapore stock market. The BT Composite Index fell 7.77 points to 750.02 while the Straits Times Industrial Index dropped 7.64 points to 841.96. Turnover, although still heavy, shrank to 17.02 million
      4,200 words
    • 218 13 SINGAPORE Rises Soon Ba» 270 S.-|»»M 50( 290 liwmw 510 Gatfcria Basel 305 J Cmm* 227 Bata Km 396 Pe» Mm 127 Pari* Fleet 366 Maw Sereefeh 306 MM HUa> 50c 204 Palls srss. 5 a Matra HUgs 446 D I S 605 LiMSOt 270 UOl 193
      218 words
    • 3873 13 BID and offer prices officially listed and business In and re- ported 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
      3,873 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 753 14 Group aims to set up quarry in East Malaysia GRANITE INDUSTRIES Bhd, un :il recently controlled by Singapore businessmen, is now poised for expansion after shaking off its yoke as a foreign company in Malaysia. According to managing director Wan Yew Kwan, Granite Industries's plans to
      753 words
    • 658 14 Reuter HONGKONG Shanghai Ba [iking Corp is likely to report aft ?r- tax profits of HK52.63 billion to $2.7 billion for 1984, a risp of between 5.6 per cent and eight per cent from 1983. Analysts said the results, to be released today,
      Reuter  -  658 words
    • 99 14 HONGKONG Hang Seng Index Monday 1380.11 Friday 1395.27 Week ago 1399.46 TOKYO Tokyo Dow Jones Australian Industrials Monday 1159.4 Friday 1165.6 Week ago 1173.7 NEW YORK Dow Jones Friday 1269.66 Thursday 1271.53 Week ago 1299 36* Monday *****.85 Friday *****.53 Week ago ***** 01Standard and Poors Friday 179.10
      99 words
    • 742 14 Current Ex Books Date Total for Total for t payment dot* close payable the year previous year K 1 S B I5%(b) NYA NYA NYA 15% 15% Embassador 7W%(b) NYA NYA NYA 7'/i 7Vi% Amal Steel 8%TE(b) Dec 4 Dec 14 NYA 8%TE 4.1 %TE Eokam 5%l MOT
      742 words
    • 546 14 THE ASSOCIATION of Merchant Banks in Malaysia (AMB) is preparing to submit a proposal to the Capital Issues Committee to allow its members to participate in the stockbroking industry. The merchant bankers are now drawing up a draft copy of the
      546 words
    • 268 14 THE KUALA LUMPUR stock market closed on an easier note yesterday as share prices succumbed to profit-taking in less active trading. Situational issues continued to dominate trading and some of these recorded slight gains. The market opened slightly firmer but turned easier as trading
      268 words
    • 229 14 Managers' prices for March 12 MARA Bumiputra First B'putro 572 5 77 Second B putro 5.***** Singapore Unit Trust The Commerce 2 30 2.44 The Savings Fund 1.58 1 68* S'pore Prog Fund 0.97 1.03 S'pore Sec Fund 145 154 S'pore Invest Fund 0 98 1 04 S'pore
      229 words
    • 89 14 KUALA LUMPUR KEPONG Berhad 12th AGM at Ladang Pinji, Lahat, Perak, Malaysia on Mar 12 at 12.15 pm. YEO HIAP SENG Limited: 29th AGM at The Board Room, Yeop Hiap Seng Limited, 950 Dunearn Road, Singapore 2158 on Mar 12, 10.30am. CARLSBERG BREWERY Malaysia Berhad 15th AGM at
      89 words
    • 3072 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. INDUSTRIALS Acmo (I 868 2 10S) A Choc (2 80S)
      3,072 words
    • 596 15 ■Mas mm*** By HOCK LOCK SIEW SHAREHOLDERS of Neptune Orient Lines would probably disagree, but the government's decision to jump on the privatisation bandwagon should be good news for the Singapore stockmarket. Selling off state assets has become fashionable worldwide. The UK investor is now an
      By HOCK LOCK SIEW  -  596 words
    • 550 15  -  By CHAN OI CHEE A THREE-FOLD increase in profits from associated companies, mainly its timber division and Rolex Singapore, has cushioned the earnings fall at Inchcape Bhd last year. The trading-based group said yesterday that taxable profits, before inclusion of associates' share, fell
      550 words
    • 57 15 THIS luxury office complex in Hongkong, Exchange Square, opens next month on prime harbour-front real 'estate for which Hongkong Land paid US$B25 million during the territory's 1982 property boom. The boom has gone bust and the company is reeling under debts of
      Reuter photo  -  57 words
    • 408 15  -  By NAJEEB JARHOM WEARNE BROTHERS LTD has sealed another high-technology joint venture, barely days after acquiring some of the production facilities of a local floppy disk-drive maker. This time, in collaboration with California-based Microscience International Corp, USA, Weames Technology is setting up a
      408 words
    • 380 15 IN SPITE OF the depressed conditions for the hotel industry, Sea View Hotel Ltd has managed to show an improvement in earnings for the half year ended Dec 31,1984. Group taxable profits rose 7.6 per cent to $1.61 million (from $1.5
      380 words
    • 99 15 SSANGYONG Cement, replying to a query from the Stock Exchange of Singapore, said yesterday that it was unaware of any material changes that could account for the recent increase in price/volume of the company's shares. J The counter gained 40 cents to close at $2.90
      99 words
    • 463 15  -  By ALAN LEE Companies Editor PROMET Bhd, the Malaysianbased marine engineering and construction group, has emerged as the dark horse in the intense bidding for a privatised Port Kelang Container Terminal. The project is attracting a lot of interest among local and
      463 words
    • 56 15 BATH K.AWAN has asked for a suspension in the trading of its shares, pending an announcement to be made shortly. MALAYSIAN Itbaee* Company said it paid MJ9.16 million for a 35 per cent stake in ArabMalaysian Insurance Bhd. The transaction has been approved by the Foreign Investment Committee
      56 words
    • Latest
      • 44 15 HIGHLANDS Lowlands: Group pre-tax profit of M 580.78 million ($49.42 million previously) on turnover of $147.78 million ($104.83 million) for 1964. There was investment and other income of $20.99 million ($19.65 million). Final dividend of 15 cents less tax, payable on May 17, proposed.
        44 words
      • 40 15 Group pre- tax profit of Ms3.l million ($2.02 million) on turnover of $19.5 million ($15.66 million) for six months to Dec 31, 1984. Interim dividend of 5 per cent less tax, payable on May 31, declared.
        40 words

  • Page 15 Advertisements
    • 495 15 K TIMES CONFERENCES Presents THE SECOND TIMES ANNUAL CONFERENCE ON CORPORATE TAX PLANNING FOR SINGAPORE MALAYSIA •>:t, J J A. Al'lill., 19X5 ir 23 APRIL 1985 24 APRIL 1985 Sll \N(«RI-LA HOTEL, SINKAPOKh 25 APRIL 1985 CHAIRMAN Sidney C lUtt Slagapere TAX PLANNING REVIEW 1184/85 Sldaey C Rolt Slagapere CURRENT
      495 words

  • 514 16  -  By ALVIN TAY THE CHAIRMAN of Singapore's biggest finance house yesterday urged banks to participate with finance companies in providing factoring services, a billion-dollar industry which is poised for further growth. Mr Kwek Leng Beng, chairman of Hong Leong Finance, also expects
    514 words
  • 122 16 THE PLIGHT of Housing and Development Board shopowners and the profile of taxi drivers will be discussed at the coming Parliamentary sittings. Mr Ng Kah Ting, MP for Punggol, will ask Mr Teh Cheang Wan, Minister for National Development, whether he would tell
    122 words
  • 411 16  -  By JAIME LYE HOTELS trying to earn extra income to help tide them over difficult times are putting more emphasis on seminars and conventions for small groups. With the problem of filling excess rooms casting shadows over the industry, competitive seminar packages for,
    411 words
  • 362 16 THE BROADVIEW CASE continued yesterday with Mdm Chew Swee Poh, a housewife, claiming that she suffered heavy losses through trading with Broadview Commodities Pte Ltd. Mdm Chew said in court that she was anxious to get a fair deal in the gold
    362 words
  • 183 16 Bernama THE world's biggest and South-east Asia's first marine prawn culture farm has gone into commercial production with a harvest of over 30 tonnes of tiger prawns. Syarikat Seng-Ho Pemeliharaan Udang Sdn Bhd (SPU) made the harvest in January at its farm in Umas-Umas,
    Bernama  -  183 words
  • 311 16  -  By LUCY NG THE SINGAPORE United Front has rejected the non-constituen-cy parliamentary seat to be offered to its chairman, Mr Tan Chee Kien. In an extraordinary meeting held on Sunday evening, seven of its 10 central executive council members voted against accepting the offer.
    311 words
  • 413 16 SOVIET President Konstantin Chernenko, considered a transitional leader when he took power 13 months ago, died last Sunday at the age of 73. The official news agency Tass said Mr Chernenko died at 7.20pm on Sunday. The announcement at 2pm on Monday (1100 GMT) followed a
    413 words
  • 73 16 Reuter WALL STREET stock prices were lower yesterday after the first 15 minutes of trading. The Dow Jones Industrial Average was off slightly at just over 1269. Losers led gaining issues by five to three on volume of almost eight million shares. Phillips Petroleum was the early
    Reuter  -  73 words
  • LATE FILE
    • 61 16 Reuter A WITNESS said yesterday that the military escorts of murdered Philippine opposition chief Benigno Aquino dumped him on the Manila Airport tarmac after he was shot. Philippine Airline ground engineer Ramon Balang told the court he did not see the actual killing, but said it
      Reuter  -  61 words
    • 36 16 Reuter THE HEAD of a convention of Philippine opposition parties said yesterday that they hoped to nominate a candidate for the presidency by Aug 21, the anniversary of the murder of Benigno Aquino. Reuter
      Reuter  -  36 words
    • 40 16 UPI CHILDREN BORN in Switzerland will, on average, live longer than anyone else in the world, while life expectancy in Afghanistan and Gambia is the lowest, according to the 18th edition of the World Bank Atlas.
      UPI  -  40 words
    • 46 16 AFP ABOUT 500 stone-throwing students yesterday fought a pitched battle with 200 riot police at Seoul's Korea University campus. The clashes broke out after students held a rally to protest against the forced resignation of the university president under government pressure. AFP
      AFP  -  46 words
    • 51 16 AP CHINA IS introducing unemployment insurance to protect those thrown out of work when inefficient businesses close. The official Beijing Review reported yesterday that successful enterprises will pay 5 to 8 per cent of their employees' wages into the insurance fund to subsidise people who lose their jobs.
      AP  -  51 words
  • Page 16 Advertisements
    • 123 16 FOCUS MCTS y*t Encyclopaedia of KNOWLEDGE This volume traces the growth of knowledge from the dawn of life to man's pioneering, inter-planetary voyages. Man's physical world is examined in detail and provides the context for the historical, scientific and technological developments described. Encyclopaedia of the WORLD Maps, diagrams and dramatic
      123 words
    • 175 16 EXPORTS. DON'T END UP THE LOSER •-.vs.- -x^rfe. And you wonl be one if you're credit insured. Because Export Credit Insurance protects you against bad debts by your overseas buyers. Bankruptcy. Default by your buyer. Sudden changes in import rulings. Delay in the transfer of payment from your buyer's country.
      175 words
    • 3 16 See Page 5
      3 words
  • Page 16 Miscellaneous
    • 56 16 Outlook for today: Fair and windy except for showers in several areas. Report for 24 hours prior to 7 30pm on March 11 at the airport: Maximum temperature 32.5 Associated humidity 62 Minimum temperature 25.5 Associated humidity 92 Hours of sunshine 6.35 Rainfall in millimetres Nil Rainfall this month 37.0
      56 words

  • SHIPPING TIMES
    • 213 17 THE Multiport Ship Agencies Network has chosen Singapore for its annual general meeting which begins today. Member delegates from about 46 countries are attending the two-day meeting this year, the largest turnout ever, to exchange ideas and find solutions to common problems. Multiport, which only
      213 words
    • 358 17  -  By G DURAIRAJ THE approach channel to South Port at Port Kelang is being dredged to ensure that vessels with deeper draft can pass through safely. The Labuhan Gurap site, at the entrance to South Port, is said to have silted, making it hazardous
      358 words
    • 661 17 Afeo VI 3 Freight Links VI 4 Ahrenkiel Liner V 4 Frota V 1 Alpha trans Andeka Shpg ANL APC Line VI VI 4 1 Fujrwara Line Gesuri Lloyd Globe Line IV VI V 5 5 2 V 4 Golden Line VI 4 APL ASCL HI 4
      661 words
    • PORTSIDES
      • 114 17 THE UTILISATION rates for rigs fell again with a drop of 2.5 points off the Gulf of Mexico, lowering it to 80 per cent. Six more rigs were idle raising the total number of rigs without contracts to 50. Jack-ups, bottom support rigs that drill in water
        114 words
      • 101 17 ELLERMAN lines has cut seven days off transit times in its container service between the UK and Persian Gulf by rescheduling European ports of call. The service is jointly operated with OCL, United Arab Shipping, Emec and Scan Carriers. Tilbury has been made the last port of call
        101 words
    • 486 18 March 12-15 Marine Pollution, Lloyd's of London Press seminar. The Berners Hotel, London. March IS Navigation and offshore oil, Royal Institute of Navigation meeting 1630 hours, Royal Institute of Naval Architect, 10 Upper Belgrave Street, London SWI. March 13-14 Offshore para-medicine conference, Beach Ballroom, Aberdeen. March 14 Predictions
      486 words
    • 339 18 HITACHI Zosen and Newcastle State Dockyard have signed a joint partnership agreement to participate in Australian development projects. The agreement was signed in Japan late last month. Hitachi Zosen, a leading Japanese engineering group, already has a technical agreement with the dockyard for the transfer of
      339 words
    • 190 18  -  By Kingsley Wood A NEW shipping service now operating out of Hobart to Indonesian ports is well supported by Tasmanian exporters. The service, operated by K-Asia Pacific, has evolved as an addition to the line's trade to Electrolytic Zinc's refinery at Risdon, three miles from the
      190 words
    • 164 18 PACIFIC International Lines' first newbuilding, the Kota Singa, docked at Keppel Wharves on its maiden call last Friday. The 20,000 dwt multipurpose ship was built by Mitsubishi Heavy Industries in Kobe, and is the first of a new model introduced by the yard. Completed within six
      164 words
    • 1669 18 ALL sectors of the freight market were quiet on Friday but brokers noted continued demand for tonnage to lift coal cargoes. The rate of U555.25 was reportedly paid to a vessel with 90,000 long tons coal from Hampton Roads to Rotterdam for first-half April loading, brokers added. Korean
      1,669 words
    • 137 18 WEST German shipowners have asked their government to give another chance to coastal pleasure shipping with duty-free shopping on board as the main attraction. The vessels are popularly known as "butter ships" because originally agricultural products, particularly butter, were the main items on board.
      137 words
    • 223 19 AMERICAN President Lines will significantly improve its existing weekly rail services between Los Angeles and Atlanta by deploying its own lightweight two-tiered railcars on the route. The highly fuel-efficient cars, which carry 40 and 45 ft containers, will accommodate more than twice as many containers
      223 words
    • 360 19 EVERGREEN Line has brought forward by nine months plans to increase the frequency of its round-the-world container service from 10 to seven days. The Taiwan-based operator has also announced plans to start a new weekly service, from the western Mediterranean to the United States east coast.
      360 words
    • 156 19 Fairplay ACCORDING to a Norwegian parliamentary policy report on shipping, the present policy of allowing foreign registration of Nor-wegian-owned ships and the present manning rules are to be retained. The report continues that access to foreign registration should be further developed since it would give shipowners
      Fairplay  -  156 words
    • 290 19 UNITED States Lines will be given first preference on US military cargo to and from Europe over the next six months as a result of the latest round of bidding in Washington. But American President Lines has been ousted by
      290 words
    • 271 19 Lloyd's Shipping Economist PROSPECTS for tanker demolition were given a boost recently following the announcement of reduced tariffs for vessels bound for Far East scrapyards under tow via the Suez Canal. Although tolls increased by an average of nearly 4 per
      Lloyd's Shipping Economist  -  271 words
    • 163 19 A SHARP fall in Greece's hard currency earnings from shipping for 1984 has been reported by the Bank of Greece. Income from the sector was reduced by 16 per cent according to preliminary figures. A total of Drachmae 155.5 billion was earned last year compared with
      163 words
    • 191 19 THE MAJOR shipping consortia operating between the Far East Europe. Far East Persian Gulf. Straits ports Australia. Straits Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line.
      191 words
    • 5361 24 3®aß[pqEß A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      5,361 words
    • 743 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 Chitral 46-HW 12.3.85 2000 Eastern M F7 0700-0800 B6 Renee Delmas 1 12.385 2300 Borneo F2 0900-1100 B7 Sin Bhum 210N 12.385 2359 S'pore Shpg
      743 words
    • 1879 25 The leading shipping lines operating from local ports and their agents. A-B AFEA African Shipping Agem i«*s iS> \fro-Furasla line Transgtoup iS \hrrnklfl liner Service Kifr. Shpg tS• tlfrrd C Toepfer < Heanus Shipping Agen rips iSi Marintex Entet prise <PKi \lpac Intrasea <S > Bintang
      1,879 words
    • 485 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES alongside 12.3.85/0200 Coryto K09 Kawasaki G'den Odyssey K36 Harper alongside 12.3.85/0530 Pskov K34 SlnSov alongside 12.3.85/1100 Stolt Heron K29 S Nielsen alongside 12.3.85/0600 Strsita Star K24E SSPL alongside 12.3.85/0600 Vlshva Yash K18 R Jumabhoy alongside 12.3.85/1800 B
      485 words
    • 300 26 AFP RENEWED hostilities in the Gulf States area had little impact on rates on the tanker market over the past week, with the severely over-tonnaged situation weighing heavily upon earnings. Around 19 larger vessels of six million deadweight tons in total are currently lying idle off Oman, according
      AFP  -  300 words
  • Page 17 Advertisements
    • 513 17 Forei^ 11 ExchonS® Dealing s OAVCBHCHt* PubMshmd by TIMES BOOKS INTERNATIONAL Times Centre 1 New Industrial Road Spore 1953 Tel: *****44 A memCW of w>e times ofgomsohon 556.50 PACIFIC International Linea' first newbuilding, the Kota Slnga, docked at Keppel Wharvaa on ita maiden call last Friday 11 EVERGREEN Line has
      513 words
    • 414 17 UNITED ARAB SHIPPING CO (SAG) u UASC rflpTTfli •< I.VMI Mil\ 1} IJ :V ■llMAJlLAttlllll-llLlSik SEALORD SHIPPING AGENCIES 70 Shtnlon Way 04-02 C Marina Houae Singapore 0207 Tel *****94 No RS?S4i9 CFS oflice TPC 03-30 Tel *****31 and *****32 Terminal oftice TPC 03-29 Tel No *****90/*****93 NATIONAL IK OF BAHRA
      414 words
    • 1106 17 TfOTT 1 OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****3 MAERSK LINE TO I .> l'A( IF f< t ill I AT! AN IK FAST CAN AI INI ANUI't UNTS P delphla Chaa lon
      1,106 words

  • Page 18 Advertisements
    • 255 18 Y.S. LINE YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA rrr Pacific South Waat FNdtr at Tokyo Pacific North Waat Faodar at Koba Atlantic/Canada Faadar at Koba MrtwVSL NYOMSAV MM TOMQ K 4/4 4/5 1/5 n. osrr a i?/5 is/5 i»/s n. nan a n/i is/s u/s V. MBS 27/5 25/5 »/S MIDDLE
      255 words
    • 274 18 ii II Supercarrier Service I'.inr^icr ARRIVALS BARMR TONSKKG 12/3 BARBER TtXAS U/3. BARBER PtRSEUS 27/3. BARBER PRIAM 7/4 TO: CALIFORNIA PANAMA US ATLANTIC US QULF E. CANADA ZV4 14/4 1/5 4/5 12/5 11/5 22/5 21/5 TMu accapM »*i tar IMa (MLB). S Franmce (MM. Sttcktw M I* Dkfi n I.
      274 words

  • Page 19 Advertisements
    • 629 19 The Straits Steamship Group T r. »i Mansfield Container Re Ltd STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok Overseas Containers Limited CQNTA»tRSHr sfrvici to/from Bangkok CONTAINERSHIP S pore PKetam TQKD EXPRESS 14/3 15/3 01/4 #3/4 05/4 CARDIGAN BAT 24/3 25/3 10/4 12/4 14/4 OSMA MY 29/3 31/3
      629 words
    • 647 19 Franco Belgian Services \F+r fji. uv 'i Bt 9 ~uin >'jr (MEMBER OF ACE CONSORTIUM! FULL CONTABBJt SEKMCt TO EUBOPE full cqntabpsibp sawct thom mtort kobean iace an TBANSWOBLD BHDS C«NA CONTMO KOREAN OUNCE STOBE P KEUNGL* Ham«'4Mi IV 10 Apr 12 *pr 14 Apr IS Apr 16 Apr KOBEMI
      647 words

  • Page 20 Advertisements
    • 555 20 u Hapag-Lloyd EXPORTS TO CONTINENT/UK On carriage to Scandinavia, Med, Carribean &S. America Inland haulage to inland destinations in Europe TO EUROPE/MED Spore P KeUngPenangLeiioes Bdbio Genoa Hburg Rdam Bhaven Antwerp HK lon| Oakland Seattle Beach Tacoma 20/3 8/4 1/4 23/3 7/4 27/3 15/4 13/4 23/3 7/4 27/3 15/4 13/4
      555 words
    • 301 20 31= FULLY CONTAINERI SEP SERVICE TO EUR Oft VIA SUEZ J »<«*>« ce CorTWt KOREAN iACEHN 2«N W TRANS WORLD BRCGf 24W 24 CHINA CONTAINER 29W 3 KOREAN CHANCE 21W 10 1 HONGKONG CON!AIKII 44W U__ AISO lOMWHG IO« hMMUHA.IN 73 4 7b 4 4 30 30 2 b 4
      301 words
    • 572 20 sfte\ THONG SOON AGENCIES PTE. LTD. *09-07. ROBINA HOUSE. S PORE 0106 TEL: *****88 TELEX: RS ***** BOOKING: *****56 (DIRECT LINE) SINGAPORE TO PENANG KIM SOON LI DESTINATION Penang Penang SINGAPORE TO KUCHING •EQUATOR i 12 Mar •EQUATOR IV 17 Mar SINGAPORE TO SABAH PORT •BUILDER 111 In Pod 13
      572 words
    • 838 20 EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/W.MED./FE) (MR GUARD (MR GRAM (VCR GOMG MSO ACCEPTING CARGO TO 1) PROWOENCE NWARK SAVANNAH BOSTON PHLADELPWA NORfCX* lACKSONW.LE WIMMGTON ETC 3) CRISTOBAL BALBOA PANAMA CIIV COtON SAN WAN 21 ATLANTA CMC AGO OCTROT COIUMBUS I OTIC* WAIOt) MCRO6RDGE DESTWATIONS UMC HOUSTON
      838 words
    • 258 20 US I NOSE u MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES load** tor B Abbas. B Khomeini PORT HUANG PENANG SmOSf MARITIME Pit LlO Ul ?2011M 1 i ??***** MAtOSE MARITM SON BHD I*l 387?}? 3 MAIAYSIA IRAOE TRANSPORT lID Iff ***** 637 ft Egg KYOWA
      258 words

  • Page 21 Advertisements
    • 849 21 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 VOYAGE HONGKONG SINGAPORE LOADING FOR: E-553 15-16/3 20-23/3 ADEN, MODEIDAH. JEDDAH. AQABA. "SUDAN; MUK ALL A E-555 17-18/3 22-24/3 BERBERA. MOGADISCIO. TAMATAVE. MOMBASA, D SALAAM E-557 29-30/3 3-«/4 ADEN. HOOEIDAH. JEDDAH. AOABA E-559 2-3/4 7-10/4 HOOEIDAH. JEDDAH.
      849 words
    • 911 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO/FROM EUROPE FROM EUROPE HAM Cardan Bit Sa4ed Osaki Bit Sjied Liverpool Bit SaAed Frvklurt Eiprest Sited To»yo Bit SaM Mm Miru 14/3 H»itw( [ipins 16/3 Humes Miru 11/ 3 City ol !drtxrfti 27/3 RVAM HAVRE UK IPKEU Siied SiAed SaM SiAed Sided Sided
      911 words
    • 717 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINF Far East S'pore Service Full Container Vessel. BiAJfl Yokohama Kobe ftaotnwf HK Sport IjPint <*■> GO** VI7 24/2 21/2 2t 2 3/3 5/3 17/3 13/3 WltfMl VII HB 4/3 1/3 10 3 14/3 17/3 72/3 ?4 3 EXPRESS SEMI-CONTAINER SERVICE TO/FROM EUROPE WEST BOUND Spore
      717 words
    • 365 21 BOUSTEAD SHIPPING AGENCIES m BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon Htoneywa V2OO Phashwetyawywa V 251 14/15 Mar Pa-an VBl 20/23 Mar 15/16 Mar BANK LINE SEMI-CONTAINER SERVICE TO UK/CONT SPORE R'DAM HULL HMBG IVYBANK 12 Apr 8 May 11 May 14 May CLYDEBANK 5 May
      365 words

  • Page 22 Advertisements
    • 1291 22 Kline KAWASAKI KISEN KAISHA, LTD. IGUAIMM/P 1 m 6 GWY*GW CMIM) WW UKttn J MHOHO «MWM UU SIM *34 TW *Sl 17 Mar II Mar 20 M« 22 Mat Ipi 25 lb» 2ta 6 fan 7 tai Sta tat 13 fan CENTRAL AMERICA/CARIBBEAN SEA Mortowi IKI& png spore *o« mzamio
      1,291 words
    • 580 22 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE Loading to. LOS ANGFLFS SAN FRANCISCO StATUF. IACOMA VANCOUVER BC Accepting Fa FCI Container* P Mang Singapore L Angles MRATENJU" Dp, 17 May AUSTRALIA EXPRESS CONTAINER SERVICE Accepting Fa FCI Contamen P Kctang S port MHb Sr*i Aha Accepts VtSHVA HAUMUOI 21/2? Mar
      580 words
    • 394 22 SANKD ASIA FROM JAPANESE POUTS AND HONGKONG GOLDEN LINE GO GUAN GUAN SHPPMG (PTE) LTD K»mf Tine Promcm Bam BiMdnf W C«i Street SMGAPOH 0104 TEI *****90 (10 IMS) 1# Kuala lunpw ***** P Xctanf It 79(1 faunf 3CMM Pas» Gudjnf A t «rt OftKNT UOTD (M) SON BW Til
      394 words
    • 457 22 INTRASCA (PTE) LTD. 10 Anson Road »27 16 International Piaza Singapore 0207 Tel *****1 1 (1 O Lines) BTOMIABMA-LIMM O BREAKBULK SERVICE TO EUROPE/UK S pore P. KeianfLoadoif tor SAN EDUARDO *****02 Sated 12/3 ROTT/ANT/U.K (AVON) SEAWOOD AND R.M.Z. Spore PKelang toadnf tor -ALEV 1/4 Jeddah Monf ale one Saiemo
      457 words

  • Page 23 Advertisements
    • 568 23 SLNOL NEPTUNE ORIENT LINES LTD i TO EUROPE/UK (VIA SUEZ): S S BADGE 49W K JACEJM2SW TW BRDGE 24N C CONTAMK 29*.... K CHANCE 21N HK CONTAMER 44W.. Also accept™ cargo to/from Scandinavia K JACEJIN S'pore Closing Times: FCL Cargo 0800 17/3 LCL Cargo 2000 16/3 FROM EUROPE (VIA SUEZ)
      568 words
    • 590 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG, BUSAN. INCHON Vnul No I Dnan/M2N No < Doium W2N No 7 Daw; SO3N No tawny W2N Hi I taum M3N <. pi#i a<,t NTs N(PI UNI AGfNCIfS PM lID Tel ***** 7 7 ***** 34 ißoofcmgt) 7??7S10
      590 words
    • 622 23 SMSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SMSOV BUR.MNG 55. Marfcet Street Sinfapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SMSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG M/S SHMMMT NAM SOON SON. BH) IST AND 2ND FLOOR NO 1 JAIAN CEMPtNWG PORT KLANG MALAYSIA
      622 words
    • 46 23 r/ SIM SWEE JOO SHIPPING SDN BHD i EXPRESS TO BINTULU t. Kdanc SWEE LONG SATU Voy 72 19/3 loadhf tor BarMu. Mr WMN JAYA Iter 45 21/3 Kudaif, Situ Bnh* Mri Agents: JAMBATAN MERAH SDN. BHD. P. Kelang: *****6 7 K.L. *****7 *****1 Penang *****
      46 words

  • Page 24 Advertisements
    • 660 24 ICc«|i<Htal Container Miics 'jmSmmmEjil 3 Sailings Weekly U*V Reliable Regular Punctual Berthing P S.A Mon, Wed Sat REGULAR/FEEDER SERVICE TO PHJKET/SONGKLA *0T SM SKI* Ml BUR SULA RATANA BHUM 266 tN Saied 13 Mar SW BHUM 2095/210N 12 M* 15 Mar IS Mar SM BHUM 210S/211N 19 Mar 22 M»
      660 words
  • Page 24 Miscellaneous
    • 179 24 Regional Weather r 8 t 1 ■A m r A /'ln M rl^ *A >\ <r> r^h> LL-lSfc. SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. °C yA cT w Wind direction with speed m knots Wove height LEGEND R Temperature c XS» Weather Wind d*ectK>n with speed
      179 words

  • Page 25 Advertisements
    • 42 25 snot HSC AGENCES K. LUMPUR P. KELANG PENAMG P. GUDANG I. BAHAWJ LEOSMP SPORE 42S0SS/*****6/*****5/*****3 *****1/4 TERMNAL 3SS3SI/2 *****/*****/*****/***** *****3/*****5/*****1/*****0 22tttt/2211H/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE STRAITS/TAIWAN/JAPAN CONTAINER SERVICE [d!!!—III—IMUnTfRIMBMergMRMEM! PROGRESS A PIUTUS S E A./AUSTRALIA CONTAINER SERVICE iM'.'.nvi.'mr PENINSULAR-SAB AH/SARAWAK/BRUNEI SERVICES
      42 words
    • 216 25 a »W^—~LICOIZNh mail,Ll» M/V ANJOU V4LSS M/V ARMAGNAC VSLSS SMPPMG (S) PTE LTD. SALES/BOOKMGS TEL *****11 UNES) Scan Dutch 9 To Europe (Med/UK/NC/Scan) Butang Sid Butang 12/3 Butang 19/3 Butang Butang SINGAPORE ACCEPTING/SAILING To Red Sea/Mediterranean FEEDER PENANG B Butang 26/3 From Europe MOTHER FEEDER FEEDER VESSEL SINGAPORE p KELANG
      216 words

  • Page 26 Advertisements
    • 264 26 PERKINS STORE/ DARWIN/PHG BROOME SUBJECT MDUCOOT VESSEI OCEAN TVMO ETA S port 24 Mar Accent cargo tor Darvn. Port Moretfcy, LM. VMM MAX. UFT 70 TOMES AVARABLE DIRECT SERVICE TO DARWIN VESSQ ETA/ETD STORE ETA OARMN FRANCES BAT VOY-41 Salad 20 M* FIANCES BAT VOY42 15/17 Apr 25 Apr FRANCES
      264 words
    • 340 26 Port* pen. pKfitki r rr Mitsui OS K Lines Ltd CONVENTIONAL/SEMI-CONTAINER AFRICA'S HEROINAE 14 Mar Mombasa, Daressalaam. Beira. Tamatave ALTAI MARU 19 Mar Mombasa, Daressalaam GLORIA PEAK 25 Mar Port Louis, Reunion M GRACE LAA 2A 5 Apr Mombasa. Daressalaam. Tamatave EARNEST VENTURE 8 Apr Monrovia. Abidjan, Lome. Apapa. Douala.
      340 words