The Business Times, 21 May 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 TUEBDAY, MAY fl, IMS 60 CENTS
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  • 593 1  -  Survey shows increase of 3pc By LOH HUI YIN JUST HOW badly Singapore has been affected by the slowdown in the American economy has been reflected by official figures economic growth in the first quarter plunged to its lowest level in more than
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  • 469 1  -  By ALVIN TAY NET FOREIGN exchange earnings grew by $1 billion to $14.6 billion last year, more than enough to pay for the purchase of consumer goods from abroad. Once again, the manufacturing sector underlined its importance by contributing about $8 billion
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  • 244 1 Reuter THE US and the Soviet Union resumed top-level trade talks in Moscow yesterday after a break of more than six years prompted by a freeze in superpower relations. US Commerce Secretary Malcolm Baldrige held an introductory meeting yesterday with his veteran Soviet
    Reuter  -  244 words
  • Article, Illustration
    71 1 INSTITUTIONAL baying lifted the ntofpsrfi stock market yesterday. Quality tssaes were actively ■ii|fcl alter aad many recorded deahle-dlgtt gates. A faad manager said the New Yerk market may give a streag lead te the teeal market teday. The BT Cempsstte Index rase 4.4t p*lato to HIM ud the
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  • 461 1  -  By LUCY NG DO COLLEAGUES PREFER to send memos rather than hold a conversation? Do you wonder who's kissing her (or him) now? Do old friends back away when you greet them? Is there always an empty seat next to you
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  • 456 1 AN EMPLOYER'S group yesterday protested against companies which discriminated in favour of unionised workers during retrenchment, saying such actions were divisive. In a strong-worded statement, the Singapore National Employers Federation said: "The rationale for giving retrenchment benefits is to help tide the
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  • Page 1 Advertisements
    • 50 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM hZHEEZm DUmrOOm scene San Miguel Water-Guard toilet (K-3406-F.B) in French Manilla farming ton Lavatory (K-2904) in Black Black. I 9 l /4 n x l&'/S. Shown uithAlterna Onyx Water-Guardfaucet. William Jacks Co (S) Pte Ltd 29 Joo Koon Road Singapore 2262 Tel: 463 3306
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    • 227 1 Mora economic survey reports, Beck Pege SHARE INFORMATION DOONESBURY MONEY EXCHANGES LETTER CROSSWORDS RAW MATERIALS A PERIOD of slock trading on the Singapore spot oil morket has not deterrred Japan's third biggest oil refiner, Cosmo Oil, from joining the ranks of giont Japanese companies operating in the market. Page 2
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    • 0 1 _,\:<-_,({[-%",;}+,]":>'}?/,:/=
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    • 157 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM 4 1 K J W'. V Today, BT reports on the first week of trading on the financial futures market by Sang Kancil. In this live case study of futures trading, this column will examine his progress and explain his strategies. See Page 7
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  • HOME NEWS
    • 481 2  -  By LOH HUI YIN A PERIOD of slack trading on the Singapore spot oil market has not deterrred Japan's third biggest oil refiner, Cosmo Oil, from joining the ranks of giant Japanese companies operating in the market. Cosmo, the result of last
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    • 320 2  -  By PENG AILIAN MANDARIN lessons over the telephone appear to be quite effective. Almost half of the callers who use the "Dial-for-Manda-rin" service provided by Telecoms found that their understanding of the language as well as their spoken Mandarin have improved. The third and last in
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    • 52 2 SMALL LIBRARIES and information centres might become a more common feature of companies. For those interested in the management and administration of small libraries and information centres, the National Book Development Council of Singapore will be conducting a fourmonth course on the subject from
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    • Article, Illustration
      325 2 A PORTABLE vacuum cleaner has been introduced by Sharp Corporation. The second in a series of mini, hand-held vacuum cleaners by Sharp, the EC—IIOH uses tissue paper as a dust bag. According to Sharp, the suction power is one of the strongest in the market for a lead
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    • 239 2 ONE OF Europe's most prestigious shows the European Watch, Clock And Jewellery Fair (EWCJF) is coming to Singapore this year. The EWCJF, which is held annually in spring in Basel, Switzerland, will be brought here because of the increasing interest shown
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    • 130 2 A 12-LECTURE COURSE on "Strategies (or Investing in the Stock market" has been organised by the Department of Extramural Studies of the National University of Singapore. v Participants will learn how to invest in the stock market the risks and rewards, the importance of investment research
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    • 142 2 A DELEGATION from Dubai's Jebel Ali Free Trade Zone (JAFTZ) arrives in Singapore today for a study visit. The three-member team is led by Mr Sultan bin Suliyam, chairman of JAFTZ and also the deputy direc-tor-general of Dubai ports and customs. They will visit the
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    • 112 2 SINGAPORE companies wanting to do business in Switzerland could take advantage of the visit of an official from the Swiss Office for the Development of Trade later this month. Mr NToschkoff, regional delegate of the office, will be in Singapore from May 29 to 31 to
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    • 387 3  -  By CHUANG PECK MING AN AGREEMENT for a Singapore company to hire Chinese workers in an overseas project was signed yesterday. Observers said it could herald the start of a new trend. Jurong Engineering Ltd (JEL), which recently clinched a $30 million deal to build
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    • 170 3 Three new outlets in Singapore to cost A W $2m ANOTHER $2 million will be spent by A A W this year to set up three new outlets in Singapore. This will form part of an $11 million budget for 12 new outlets in the whole Asian region in Hongkong,
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    • 561 3  -  By YAP BOH HOON A NEW $8 million electronic guide to Singapore's shops and restaurants is to be launched in November by Times Publishing Bhd. The Singapore Press Holdings subsidiary has set up a wholly-owned company, Times Information Systems, to launch
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    • 433 3 THE USE of expert systems is growing quickly around the world, but as the companies using them are keeping their expertise to themselves, there is a .need for more do-it-yourself development. Systems expert Dr Robert Anderson believes that Singapore can benefit from developing
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    • 115 3 NEARLY 200 biologists from around the work! are meeting in Singapore for a three-day congress on "Microbiology in the '80s" led by top scientists. Included among them is Nobel Prize winner, Professor David Baltimore, of the Massachusetts Institute of Technology. About half of the participants at
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    • 122 3 A SEVEN-MEMBER Chinese delegation will arrive in Singapore this week to attend a seminar on doing business in China. The one-day seminar, organised by the Hongkong Bank, will be held at the Hyatt Regency on May 24. Mr Jiang Ping, the deputy mayor of Xiamen,
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    • 266 3 SPECIAL geotechnical studies are being conducted on tunnelling work that will proceed over the coming year between Empress Place and the City Hall sections of the Mass Rapid Transit (MRT) system. It is the only area in Singapore where three tunnels will be
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    • 95 3 A ONE-DAY SEMINAR on the role of international technical assistance in national development will be held on May 27 at the Regional Language Centre. Organised by the United Nations Association of Singapore, it is part of a series of public lectures to promote interest in the
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 394 3 WHO SAID COMPANY CARS HAD TO BE PRACTICAL? i V ■•••V Of course they have to get 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 basic fixtures be included? Or that the car
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  • OVERSEAS
    • 503 4 Discount rate at lowest level in 7 years AP THE AMERICAN economy may be on the verge of a recovery, thanks to the Federal Reserve Board and some cheery news about deficit-cutting in Congress, many economists believe. These analysts believe that falling interest rates will
      AP  -  503 words
    • 118 4 UPI REPRESENTATIVES of 16 Nato countries have failed to agree on European participation in President Reagan's "Star Wars" anti-missile defence programme. During three days of inconclusive debate, French, Norwegian and Danish delegates overwhelmingly rejected the Reagan Administration's Strategic Defence Initiative (SDI) as
      UPI  -  118 words
    • 356 4 UPI THE Soviet Union may be backing off from negotiations for a summit meeting between President Reagan and Mikhail Gorbachev, said US Defence Secretary Caspar Weinberger. Mr Weinberger denied, however, that American insistence on an apology from Moscow for the
      UPI  -  356 words
    • 258 4 UPI AMERICAN representative Les Aspin, head of the House Armed Services Committee, said the Pentagon may have fattened its budget by as much as US$5O billion in the past four years to cover inflation that never occurred. In a response to the charge,
      UPI  -  258 words
    • 345 4 AFP ONE OF the most serious and costly strikes in Sweden since 1945 was ended by a compromise agreement early yesterday. The 18-day strike by 20,000 public employees had totally paralysed air traffic and virtually sealed the borders to overland imports. A settlement
      AFP  -  345 words
    • 271 4 Reuter SOUTH AFRICA'S biggest treason trial for 25 years was scheduled to begin yesterday with 16 non-white dissidents accused of backing a movement aimed at violently overthrowing the government. The 16 are all leading figures in the two-million member United Devocratic Front,
      Reuter  -  271 words
    • 207 4 AP THE NEW US Ambassador to the United Nations, Vernon Walters, has said that he hopes to usher in a new era at the world body. "I hope...to bring it back to what it was intended to be a
      AP  -  207 words
    • 177 4 AFP PRESIDENTS Raul Alfonsin of Argentina and Julio Sanguinetti of Uruguay have appointed a Joint Cabinet to implement cooperation projects leading towards regional integration. They have also invited Brazil and Paraguay to Join in. "We are opening a route which Latin America
      AFP  -  177 words
    • 96 4 AP THE CHINESE government has empowered Tibet's six prefectures and cities to sign trade agreements with neighbouring countries, the official Xinhua news agency reported. There are now 27 barter trading posts along the Tibet-Nepal border. Under an agreement signed last September, Tibet will export 700 tonnes of
      AP  -  96 words
    • 144 4 Reuter BRITISH Prime Minister Margaret Thatcher on Sunday laid flowers at the charred ruins of the Bradford soccer stadium's main stand where 52 people died in a fire a week ago. Mrs Thatcher, who watched on television the spread of the flames through the wooden stand
      Reuter  -  144 words
    • 167 4 AP A SENIOR Polish government official has said further food price rises are an economic necessity in spite of opposition by workers. Stanislaw Ciosek, the Minister for Trade Unions, said the government would go ahead with plans to introduce price increases for butter, fats and
      AP  -  167 words
    • 749 4 ARRIVALS Operator Sinm ituinb«i Local tMW From SV SV379 0115 SEL PAA PA21 0020 LAX/TYO/HKG MAS MH60I 0720 KUL MAS MH68I 0620 KUL MAS MH603 0905 KUL MAS MH671 0935 KUL MAS MH811 0940 PEN RBA BM2I 1000 BWN S1A SQ103 1005 KUL CPA CX710 1030 CGK
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    • 375 5 NYT A SOUTH KOREAN opposition leader has said that President Chun Doo Hwan could face a serious uprising and possibly the disruption of the 1968 Olympic Games in Seoul unless he was willing to accept changes to the constitution. Kim Sang Hyun, a
      NYT  -  375 words
    • 110 5 Reuter SOUTH KOREA'S main opposition party yesterday demanded a presidential amnesty for dissident leader Kim Dae-Jung and political prisoners. Yi Min-U, head of the New Korea Democratic Party, accused President Chun Doo Hwan's government of being a military dictatorship and not allowing
      Reuter  -  110 words
    • 307 5 UPI A FOUR-DAY nuclear conference opened in Seoul yesterday to promote regional and technical cooperation for the peaceful use of nuclear energy in the Pacific Basin countries. Nearly 900 nuclear experts from the US and 25 other countries participated in the Seoul meeting, officially called the
      UPI  -  307 words
    • 74 5 Bernama SETTING the date for the fifth weekly flight on the Kuala Lumpor-London route was to be the main topic of discussion at the two-day meeting which began in the Malaysian capital yesterday between Malaysian Airline System and British Airways. MAS's public relations manager said
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    • 232 5 NYT SAUDI ARABIA has embarked on a US$4 billion project to set up the most technologically advanced integrated air defence system outside of Nato and the Soviet bloc. Called Peace Shield, the computerised command, control and communications system, developed by the US Air Force, will
      NYT  -  232 words
    • WORLD IN BRIEF
      • 65 5 RETAIL SALES in Britain this month are expected to be well up on a year ago, the latest Confederation of British Industry/Financial Times distributive trades survey showed. The survey, based on replies from 669 retailers and wholesalers, showed that multiple traders were recording the biggest increases.
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      • 62 5 A SYMPOSIUM to promote trade among members of the Organisation of the Islamic Conference (OIC) ended in Jeddah on Saturday with recommendations on long-term financing facilities, a regional export credit guarantee scheme and a multilateral Islamic clearing union. The meeting, which began last Tuesday at the
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      • 67 5 KOZO OKAMOTO, a Japanese Red Army terrorist Jailed for the 1972 Lod Airport massacre in Tel Aviv, will be among 1,100 Palestinian prisoners freed by Israel in exchange for three Israeli soldiers. Informed sources said Ziad Abu Ein, extradited from the US to Israel
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      • 67 5 THE Islamic Jihad movement, claiming responsibility (or bomb explosions in the Saudi Arabian capital of Riyadh that killed one person, warned it would step up its attacks to overthrow the monarchy. The bombings coincided with a visit by Saudi Foreign Minister Saud A 1 Faisal to Teheran
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      • 63 5 SECURITY FORCES in eastern Sri Lanka killed 59 unarmed Tamils and burned their bodies to hide the evidence, a civic leader alleged. Paul Nallanayagam, the Tamil president of the Citizen's Committee of the eastern coastal town of Kalmunai, said the young Tamil men were shot dead
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      • 61 5 Agencies LAWRENCE of Arabia, who died 50 years ago after a motorcycle crash, was honoured with wreaths and prayers last Sunday in the English countryside where he sought to escape from his fame. A week of film shows, exhibitions and concerts in his honour climaxed with
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    • 161 5 AFP PETROLEUM prices should rise late this summer but demand will remain somewhat "weak" for a few months longer, Iraqi Oil Minister Qasim Ahmad Taqi said in an interview published yesterday. The current practice of using petroleum from storage tanks
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    • 75 5 UPI TURKISH Prime Minister Turgut Ozal and his Japanese counterpart, Yasuhiro Nakasone, have agreed to strengthen economic relations between their countries. Japanese officials said yesterday the agreement was reached at a one-hour session held by the two leaders at Nakasone's official residence in the
      UPI  -  75 words
    • 429 5 AFP A KEY WITNESS yesterday told the court that opposition leader Benigno Aquino was still on a plane service stairway with his arms held by two soldiers after the gunshot believed to have killed him rang out. Mrs Olivia Reyes-Antimano, who was
      AFP  -  429 words
    • 96 5 Reuter THE highest-ranking US intelligence officer has told Philippine President Marcos that the White House wants a new election before the scheduled 1987 expiration of Mr Marcos' term. The Newsweek magazine, quoting sources, said the message was delivered by Central Intelligence Agency
      Reuter  -  96 words
    • 121 5 Reuter AMERICAN authorities are investigating a report that 28 workers died from asbestos poisoning or cancer at American military installations in the northern Philippines, according to an embassy spokesman. A Manila newspaper said on Sunday that over a long period 20 Filipinos at
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  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 69 5 "Impressive in every way" Choice CBD site on Collyer Quay Ciosf to Raffles Place MRT Outstanding quality in design and in material finishes P'ominent identity Cool, grey-green exterior Unobstructed sea views Ovef 60% of space committed to major tenants Available for occupation early 85 TUNG CENTRE D'-'vHoper Island Investment Agency
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  • Page 5 Miscellaneous
    • 46 5 Doonesbury 8 m fi iii excuse Me, RBffiHP.fi*e MHjmm GROUPBeiNS AR&STEP? YOUKekWWINS FVRSHeaeK? WHAT A sHoCKmwcmesr OF SOCIETY! m a f 3U r« x- BY GARRY TRUDEAU 7 m m m sti is i M i AREVOUKJDttNS* #v/ cKucmnmm mum rrsAPamFUL K&prr STATEMENT! <*/}// ;< 3* >80 HI
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  • MONEY AND EXCHANGES
    • 855 6 SINGAPORE The- US dollar closed sharply lower against most major currencies in thin late trading yesterday due to selling pressure following a half-point cut in the US discount rate to 7Vi per cent. The dollar hovered at a late 3.2060/80 marks, after briefly falling below 3.02, compared with
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    • 347 6 BA Futures IN RESPONSE TO the discount rate cut at the opening, Earedellar futures gapped sharply higher at 91 27 yesterday in the September contract. Reflecting the bullish sentiment, the market actively traded higher to a high of 91.34 in the September contract within an eight ticks range. Currency
      BA Futures  -  347 words
    • Article, Illustration
      351 6 Asian market ASIAN dollar deposit rates closed easier yesterday compared with Friday's levels in light trading. Rates were depressed by a decline in the US federal funds rate, a x h -point cut in the US discount rate to Vh per cent and -point cut in prime rates by Citibank
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    • 242 6 Interbank rates at 3pm yesterday: Local dollars to mm unit <U fiireifM quoted y oUrdoy a 000 portly imn wi currency: US dolor ***** 2 2045 ***** -21 87 Storing pound 2 8385 2 8427 7 3469 -61 36 Austroban doftor 1 5244 1 5299 3 4286 -55
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    • 188 6 HONGKONG: The metal closed firmer yesterday after fluctuating In line with the US dollar but trading was thin and quiet. It closed at U*****.00/50 an ounce against an initial $323.40/323.90 and Saturday's $322.60/323.10 close here. It closed at $319.80/320.30 in New York. On the local market, gold finished HK$l2
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    • 106 6 THE OVERNIGHT rate on the Singapore interbank money market rose by lVipoint from last Friday to cloee at 6 per cent yesterday. The one, two and threemonth term rates fell by V» each. S$ Interbonk rates at 3pm yesterday: OH* Bid night 6 57/8 1-month 4 5/8 49/16
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  • Page 6 Advertisements
    • 137 6 SEBERANG PERA I Prestigious Properties On Lutterworth's Golden fflmm: [/\Jn exclusive development The commercial centre with all city facilities Direct access to nearby Penang Island and the North-South State Highway Close proximity to the North Butterworth Container Terminal and sea Designed for modern comfort Ample parking facilities Quality finishes of
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    • 123 6 Canon weight on this card is your name K k n The little things that count The Canon My Card calculator is really an electronic marvel. Weighing just 23g and only slightly thicker than a credit card, it fits snugly into any wallet You can display your company or organisation's
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  • BANKING AND FINANCE
    • 756 7  -  Today, BT reports on the first week of trading on the financial futures market by Sang Kancil. In this live case study of futures trading, this column will examine his progress and explain his strategies. His first lesson is that financial futures trading
      756 words
    • 147 7 Reuter A LOW level of credit demand, expected to improve this year, is hurting the Hongkong banking sector. The Hongkong and Shanghai Banking Corp said in its monthly economic report that total lending in the colony rose by just one per cent in
      Reuter  -  147 words
    • 499 7 Reuter COMMENTS to the Hongkong Banking Commission on recent government proposals to tighten banking laws have generally been positive in spite of a feeling that some measures may be too harsh. The commission called for comments to be submitted by the end of
      Reuter  -  499 words
    • 179 7 Reuter STERLING has virtually replaced money supply targets as the linchpin of UK monetary policy, stockbroker Phillips and Drew's chief economist Paul Neild said. "It does seem that we are moving to a position where the PSBR (public sector borrowing requirement) and the pound
      Reuter  -  179 words
    • 98 7 Reuter ARAB ASIAN BANK EC, a Bahrain-based offshore bank, has said a Saudi-owned financial group is going ahead with the acquisition of all its issued share capital. The takeover by the Middle East Financial Group SA, a holding company based in Luxembourg, had the
      Reuter  -  98 words
    • 264 7 Reuter VENEZUELA would begin a tour of financial capitals on June 1 in Tokyo to sell a US$2l.2 billion rescheduling agreement to the government's 450 or so bank creditors, chief debt negotiator Carlos Guillermo Rangel said. Venezuela last Friday reached
      Reuter  -  264 words
    • 66 7 FOUR foreign banks here have Joined the latest round of prime lending rate reductions, bringing the average prime quoted by 12 major banks to 8.56 per cent. The Hongkong Bank and Mitsui Bank will cut their prime by one-quarter percentage point to 8.75 per cent
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    • 282 7 FOREIGN EXCHANGE managers at major US corporations expect the US dollar to surge again in the next three months, according to a recent monthly poll by Bank America. The survey of about 50 major US companies, conducted on May 14,
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  • Page 7 Advertisements
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  • FEATURES
    • 469 8 RARELY HAS worry and concern over the health of the economy run as deeply as today. Bankruptcies are higher than for many years. Factories are operating below capacity. Many office and building apartments stand partially empty. Retrenchments for the first three months nearly matched the level
      469 words
    • 876 8  -  Advances in information technology have become a double-edged sword By BRIAN GOMEZ NEW COMMUNICATIONS technology has the attributes of a dou-ble-edged sword, world experts made clear during last week's Telecoms Asia 85 conference and exhibition. Keynote speakers warned that in trying to resolve problems of systems compatibility and
      876 words
    • 331 8  -  letter to the Editor Wee Tew Lim Director (Cerpente Services) Pwt Office Savlmgs Buk Dear Sir, I refer to your article "POSB becomes member of Interßank GIRO" (BT, May 13, 1985) and would like to clarify some issues raised. A foreign bank manager
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  • Page 8 Advertisements
    • 103 8 Managers must manage. BT shows you how... every Monday First Come. First Served. BRITISH A»W*WS BRI T«SH^^V British Airways fly daily one-stop flights to London. We are the first airline to leave Singapore at 10.10pm everyday. And the first to arrive in London by 6.20 am. So that at Heathrow,
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  • SPORTS
    • 585 9  -  By WALTON MORAIS SINGAPORE'S pro golfers must face up to one telling deficiency in their play if they are to harbour any hopes of success in the $25,000 Tiger Open golf championships which begins on Thursday with the Pro-Am championships. This is their
      585 words
    • 538 9 NYT AFTER one of the Yankees' games in Kansas City last week, several players gathered for dinner at Longbranch, a restaurant owned by Lou Piniella, the batting coach. Not far away, the players recognised three former Federal Bureau of Investigation agents hired by George Steinbrenner
      NYT  -  538 words
    • 493 9 NYT AS SHE strode off the 18th green after winning the ChryslerPlymouth Classic on Sunday in Chatham, New Jersey, Nancy Lopez deserved to walk into the Ladies Professional Golf Association Hall of Fame but she was
      NYT  -  493 words
    • 349 9 UPI COREY PAVIN, putting together the kind of round that left his closest pursuers no chance of catching him, cruised to his second tour victory on Sunday a 4-shot decision in the Colonial National Invitation at Fort Worth, Texas. Pavin, who made
      UPI  -  349 words
    • 408 9 UPI METAL PRECIEUX gave art expert Daniel Wildenstein his first Prix Lupin triumph at Longchamps on Sunday. Trained by Patrick Biancone and ridden by Alain Lequeux, Metal Precieux defeated No Pass No Fail by two lengths with Lester Piggot and Bellwater a nose away
      UPI  -  408 words
  • Page 9 Miscellaneous
    • 1123 9 TO IMD HIGHLIGHTS Double Concerto Bpm, Channel 12 Pianist Roger Woodward and Wanda Wilkomirska, a world-renowned Polish violinist, tour Australia together. We hear magnificent music by Tchaikovsky, Beethoven, Bach and Chopin, plus the Double Concerto Southern Cross written specially for them. Woodward also plays a forgotten Chopin work the Third
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    • 719 9 Play golf the Sevvy way < A A I HANDS SHOOLPtKS TOGETHER CRYPTIC PUZZLE ACROSS 3 Remove in one piece (5) 8 A river to you, a game to us (5) 10 Natural product of a crane? (5) 11 For each quiet hesitation (3) 12 TV pioneer who took the
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  • INTERNATIONAL COMPANY NEWS
    • 319 10 Reuter THE AMERICAN Securities and Exchange Commission is to reconsider its 1984 legislation aimed at fine-tuning the government's regulation of hostile corporate takeovers. SEC officials said the four SEC commissioners there is currently one vacancy on the five-member agency plan an informal round-a-table
      Reuter  -  319 words
    • 174 10 Reuter AUSTRALIAN company CSR Ltd is seeking the names of anonymous shareholders who hold their shares in the company with Swiss Bank Corp. A bank spokesman said CSR was asking an Australian court to give it the right to be informed of the identity
      Reuter  -  174 words
    • 565 10 Tough labour talks this year may dampen enthusiasm Reuter CHRYSLER CORP has quietly become the favourite of the automotive group among Wall Street investors, but analysts caution that the prospect of tough labour negotiations later in the year could cause the enthusiasm to dampen. The principal reason
      Reuter  -  565 words
    • 873 10 Reuter TRANS WORLD AIRLINES INC is not yet certain what investor Carl Icahn's intentions are in securing a 23-per-cent stake in the company, but it plans to expedite efforts to unhinge Mr Icahn's grasp. CE Meyer, the air carrier's president, said Mr
      Reuter  -  873 words
  • Page 10 Advertisements
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    • 90 10 k J w A TS l HOTEL ASIA Many happy ratuma 37 Scons Road Srigapore 0922 W *****6 a IMb RS 2*313 HOTASJA oßjg m t m n /r~ ft !L% ft *S*S 2^ sw s mr <* The 24-hour coffee house that offers you a superb menu from Western
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    • 133 10 m A V Spring Palace Chinese Restaurant Superb Cantonese cuisine from our Hong Kong chefs to please the most discriminating gourmet. l J Special business lunch at $16 each and $20 +f each (mln. 2 persons). Over 50 a la carte specialities are also available. A* SINGAPORE HOTEL 10 Eu
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  • ASIAN STOCKS
    • 285 11 HONGKONG: Share prices closed mostly lower in moderately active trading yesterday with a half-point cut in local interest rates largely discounted. The Hang Seng Index eased 9.41 to 1,638.47 after being down 15.02 at the end of the morning session. China Light fell 20 cents to HK516.30, HK Electric
      285 words
    • 197 11 MAY HT S Kuochan Da* lion Hwa Mm Nan Ya Plat PocjWc Com 15.60 1210 27.40 18.50 oooo AJ Sincara Mm 2.42 001 +0.7 1.1 Wira 14.35 +0.15 1 29 ■0 05 17.20 0.3 i mono rfw Bank Otan Loooa Oaa htain Cmmmr 20.40 2240 +0.2 +0.6 Swi Papar
      197 words
    • 404 11 TOKYO: Share prices closed firmer yesterday but off late morning highs as last week's favoured issues, which led the morning's climb, fell back on profit-taking. The market average closed up 42.96 at 12,559.10 after gaining 96.15 on Saturday and touching 12,574.47 in the morning. The average closed at its
      404 words
    • 123 11 MANILA: Share prices closed higher in quiet trading yesterday. The Commercial k Industrial Index was up 0.38 at 128.96, the Mining Index rose 0.48 to 669.95 and the Oils Index 0.007 to 0.680. PLOT rose 0.50 to 38 while Lepanto and San Miguel feU to 0.042 and 13 from
      123 words
    • 447 11 BYDNEY: A shortage of shares and encouraging signals from abroad pushed share markets prices to record highs yesterday. The All Ordinaries Index rose 3.4 points to end at 904.8, up from the previous closing record of 902.7 set on May 16. The All Resources Index added 4.2 points to
      447 words
    • 213 11 BANGKOK: Share prices closed lower in quiet trading yesterday. The Book Club Index fell 0.91 to 141.11 and declines led advances by a nine-to-four margin. Turnover was 844,366 shares worth 51.9 million baht compared with a previous 445,276 worth 107.4 million baht. Siam Cement fell six baht to 657,
      213 words
    • 70 11 MAY 20 Bark Saoul Won 600 Hyundai Cons* Hyundai Motor KAL 901 570 422 unch 5 -13 580 641 -29 632 -7 Yukong 1420 -29 Do«4m Ind 451 -6 Koreo Sh*> 388 -22 463 -7 Lucky Ltd 583 -7 555 710 -1 473 -7 800 5 Go4d St or
      70 words
    • 97 11 Reuter BELL GROUP LTD will make an unconditional Asl2 a share bid for the 12 million issued shares in media group David Syme and Co Ltd, including the 97.9 per cent stake held by John Fairfax Ltd, Bell chairman Robert Holmes a Court said. The
      Reuter  -  97 words
    • 577 11 FT THE SOUTH KOREAN economy is expanding fast 7.6 per cent last year with projections of almost 7 per cent this year. Yet stock prices are low, with average price-earnings ratios close to five. The past year has seen a torrent of investment managers
      FT  -  577 words
    • 96 11 Reuter THE HK government has auctioned seven pieces of land for HK5610.7 million, a government auctioneer said. One site on the island waterfront was sold to Shui On Group Ltd for $302 million, which industry sources said was much better than the expected $220
      Reuter  -  96 words
  • Page 11 Advertisements
    • 126 11 H 12 m m r AN you'll ever want from a card and more mm 3 Sb» < s *c FOR FURTHER INFORMATION CALL *****11 NOW I Live wire Gina Ler and her band Skorpio return to the lON BAR with more high-energy rock and roll. Catch her show every
      126 words
    • 215 11 1 .11 hr > vT The authentic taste of Japan. A Japanese manager Japanese Chefs. A sushi counter, four teppanyaki griddles, a spacious a la carte restaurant and several tatami rooms. Open for lunch and dinner. Set Lunch from $17 subject to 10% service charge and 3% CESS. Ample free
      215 words
    • 111 11 fzxcefiior EttLiietie t.n MALAYSIAN FOOD FEAST I May 15-31. 11.30am-2.30pm I Adult: $15 Child: $8* I el!® ExccKior Hotel I 5 Coleman Street, Singapore 0617. Tel: *****J3^U C 3 C 3 C r Qafe fSe *^rand r where you will be treated like a GRAND individual. ENJOY a delicious traditional
      111 words
    • 180 11 For Business Or Pleasure, Lunch AtTHe Elizabethan Grill Tbday's Specialties: Rock Melon with Port Parma Ham Fresh Local Lobster 'Raffles' with Tarragon Herb Sauce or English Roast Beef on the Wagon Home-made Kiwi Sherbet For reservation, please call *****41 ext 174. Free parking in front reserved for our patrons Traditional
      180 words
    • 62 11 11 M Savoury Delights Await You At 77/7 I O A/ Hong Kong Dion Xin M M For reservations am. 235 2698 or 734 6622 at 141/144 Luch: Ham-3pm Dinner 6pm- 11pm Mtmmmnf. mmTma, 19 Ciirnhi Qrde Support 0922 Td 734 6622 ORCHARD ROAD Ample Free Parking and Valet Service
      62 words

  • RAW MATERIALS
    • 707 12 Reuter SUGAR exporting countries, hit by oversupplied world markets and record low prices, will be meeting in London this week to assess their problems but face bleak prospects for any turnaround in the foreseeable future. Analysts said concerted attempt to reduce production offered the
      Reuter  -  707 words
    • 188 12 AFP SUGAR BARON Roberto Benedicto, a close friend of President Marcos, has regained control of the government agency regulating the industry when his bloc made a clean sweep in the board's election. The victory of Mr Benedicto, an "old friend" and political backer of Mr
      AFP  -  188 words
    • 462 12 FT COLOMBIA'S high level of coffee production has been a heavy burden in recent years. The cost of buying up the harvest and warehousing stocks equivalent to a year's crop is a steady drain on the National Coffee Fund's depleted resources. But it looks as
      FT  -  462 words
    • 307 12 AFP THE UNITED STATES has launched its long-threatened campaign to subsidise exports of agricultural produce in an attempt to force changes in the European Economic Community's agricultural support system. Agriculture Secretary John Block announced on Wednesday that US farm
      AFP  -  307 words
    • 471 12  -  By MICHAEL NEILL A WORSENING shortage of pepper is causing world prices to rocket to record levels. Prices of white pepper have doubled and those of black have trebled over the past 18 months to narrow significantly the traditional gap between the two
      471 words
    • 125 12 AFP CHINA, the world's second largest cement producer, is far from being able to meet its own cement needs. The China Daily quoted an official of the Cement Research Institute, Wang Youyun, as saying that China produced 123 million tonnes of cement last year. But, he
      AFP  -  125 words
    • 241 12 SINGAPORE The market closed lower yesterday with June One RSS buyers quoted at 169.00 cents per kg, down one cent from last Friday. The morning session lost one cent on some long liquidation and selling of forwards. Prices were little changed from lunch-time levels in quiet afternoon trading. MALAYSIA
      241 words
    • 85 12 (cents/kg, 1-ton JUNE 85 JULY 85 (current month) (forward month) NOON NOON RAS Buyers Seders Buyers S#||#rs SSR 20 162 50 164 50N 164.50 166.50N SSR 50 MRELB Buy™ Sellers B*y*s Sellers SMR CV 211 50 213.50N 213.50 215.50N SMR L 214.00 216.00N 216.00 218.00N SMR 5
      85 words
    • 122 12 THE Kud» Lam par Tin Market (KLTM) price rtte 11 cents to M 525.32 per kg yesterday, still witkla tke International Tin Agreement (ITA) lower range of $21.15 and The rise reflected continued buying ky Japanese and local Interests, wko took about M per eent of tke disposals
      122 words
    • 278 12 RAS prices in S cents/Kg, FOB in b< lies NOON CLOSE Buyers Seders Buyers Sellers Int 1 RSS Prompt 169.50 170.50N 169.50 170.50N tnt 1 RSS June 85 169.00 169.50 169.00 169 50 Int 1 RSS July 85 ***** 170.75 170.25 170 75 Int 2 RSS 168.00
      278 words
    • 147 12 ChintN Produce Exchange Robusta 20/25% FOB NSW 477 50 (Sellers' noon doting pri Moy 20. S$/100 kg) c« on Nutmeg 110 FOB NSW 405 00 Coconut oil E&W FOB NSW 256 00 Be*. FOB 133.00 Gombier Old drum FOB New drum FOB 146.00 150.00 FOB NSW 330 00
      147 words
    • 163 12 Yarn (In HK$ per bote of 400 lb) China carded yarn, cones Blue Phoenix 16's 2,550 Blue Phoenix 20" s 2,700 Blue Phoenix 32'* 3,150 Blue Phoenix 40"* 3,550 Carded yarn, hank 2,900 Blue Phoenix 21's Combed yam, cones Blue Phoenix 32's 4,250 Blue Phoenix 40's 4,400 Open-end yorn
      163 words
    • 151 12 THE MALAYSIAN crude palm oil market closed firmer yesterday on short-covering supported by Pakistan's tender seeking refined bleached deodorised (RBD) palm oil for first half July shipment. Trading was thin. May deliveries in the south region firmed Ms4o to $1,275 per tonne and north $20 to $1,255, while
      151 words
    • 280 12 Singapore C-l Ord unq (S$Aito, ei-godown) Loonxain Rice Fragrant new crop A OA 100% 1st grade 100% 2nd grade 1ST 2nd uou 064 100% 3rd grade unq 3rd New Crop 060 Parboiled Rice 25% no stock 5% 227 10% no stock 10% 222 Thai Broken Maize unq A-super 056
      280 words
    • 841 12 COFFEE Robusta futures ended a quiet, featureless session yesterday with losses from last Friday's close of £33 to £25 at midday, with July at £2,053, down £32. The market opened £25 down, basis July at £2,060, due to sterling's gains against the dollar before holding steady in low
      841 words
  • Page 12 Advertisements
    • 164 12 OFFICIAL NOTICE PROPOSAL TO CHANGE A SNIP'S NAME We, PACIFIC INTERNATIONAL LINES (PRIVATE) LIMITED, of 140 Cecil Street, #03-00, PIL Building, Singapore 0106, hereby give notice that in consequence of our intended purchase, we have applied to the Registrar of Singapore Ships under Section 417 of the Merchant Shipping Act
      164 words

  • SHARE INFORMATION
    • 4144 13 AFTER a brief rest last Friday, the market resumed its march to more lofty levels yesterday. Buying support was strong and the day ended with many double-digit gains across the board. The BT Composite Index rose 4.40 points to 741.34 and the Straits Times
      4,144 words
    • 216 13 SINGAPORE Riees Indices £Tr7 ei 302 +22° iTCi I.III 736 94 ElS y 1/ iS !w ruow yn«m *****30 fealklbZ 190 +15 ITOI/OS +253 390 MM* XX ITO S (2230 (23 96 eTt«LsO. »7 2 STFiaaaca 2354 50 2353 70 2l2t: yv |*7 I j ST Hotak
      216 words
    • 2677 13 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 -BITT.
      2,677 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 792 14 HM THE LOCAL retail industry is going through what stockbroking firm Sun Hung Kai describes as a "weeding out" process which will leave the smaller and weaker ones on the wayside. Recent victims of this process are Peter Chew's and Mohan's. The bigger
      792 words
    • 94 14 HONGKONG Friday 1258.0 Week ago 1240.0 Hong Seng Index Monday 1638.47 NEW YORK Friday *1647.88 Week ago 1628.29 Dow Jones Friday 1285.34 TOKYO Thursday 1278.05 Week ago 1274.18 Tokyo Dow Jones Monday *****.10 Standard Poors Friday *****.99 Friday 187.42 Week ago *****.53 Thursday 185.66 Week ago 184.28 TSE
      94 words
    • 791 14  -  By AMY CHEOK LISTED hotel companies are taking advantage of the current slack in the industry to carry out extensive renovation and refurbishment programmes. While at least two hotels Hotel Properties Ltd, owner of the 432-room Hilton International Singapore and the Tai-Pan Ramada
      791 words
    • 596 14 THE KUALA LUMPUR stock market began the week on a positive note with share prices closing higher on a broad front yesterday. Trading, however, was still moderate as some investors continued to stay away. Reflecting the steadier trend, the market scoreboard showed gainers outnumbering
      596 words
    • 2313 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. MDUS TRIALS A Choc (2.126 2.145) (I) 2.12 (4) 2.14
      2,313 words
    • 64 14 BANDAR RAYA DEVELOPMENTS BERHAD: Twenty-first AGM at 6th Floor, ENE Plaza, 128 Jalan Pudu, Kuala Lumpur today at 3pm. UM RAH NGAM LIMITED: Twenty-second AGM at Hotel Equatorial, 2nd Floor, Bougainvillia Room, 429, Bukit Timah Road, Singapore 1025 today at 10am. MULPHA INTERNATIONAL TRADING CORPORATION BERHAD: Eleventh AGM
      64 words
    • 468 14 THE KUALA LUMPUR Stock Exchange committee has put the finishing touches to a new and more stringent listing manual and is ready to submit it to the authorities for approval. "We hope to implement this new listing manual by the end of this
      468 words
    • 238 14 Monogers' prices for May 21 Singapore Unit Trust The Commerce 1 98 *2.10 The Saving* Fund 147 156 S'pore Proa Fund 0 86 0 91 S'pore Sec Fund 1.28 1.36 S'pore Invest Fund 0 93 0 98 S'pore Equity Fund 0 88 0.93 Thrd B'putro Fourth B'putro Fifth
      238 words
    • 612 15 m mm™ By HOCK LOCK SIEW THE LONG-RUNNING rivalry among members of the Tan family who are the founders and controlling shareholders of Industrial and Commercial Bank Ltd appears to be coming into the open. Minority shareholders can expect some fireworks at
      By HOCK LOCK SIEW  -  612 words
    • 572 15  -  By HOMER CHEN FORMER managing director of Alfa-Pacific, Dr Chua Wee Meng, has resorted to court action to recover a block of Alfa shares from a Malaysian party after repeated attempts by him and the Stock Exchange of Singapore failed to secure
      572 words
    • 994 15 SHARE prices were slightly firmer by the close yesterday after initial weakness reflecting a shortage of stock and helped by the higher opening on Wall Street. Trading in equities and government bonds, however, was quiet. At 3pm the FT 30 index was up 3.5 points at 1011.8 and
      994 words
    • 746 15  -  By RAMESH CHANDIRAMANI, CHAN OI CHEE A PROPOSAL, accompanied by an appeal, has been made by Grand United Holdings to the listing authorities spelling out measures to ensure that Sigma Metal Co Ltd remain a listed company. BT understands that GUH, which
      746 words
    • 255 15 INDUSTRIAL OXYGEN Incorporated Bhd, the producer of industrial and medical gases which is fast diversifying into property and plantations, is acquiring an interest in a further 10,940 hectares of jungle land in Sandakan, Sabah, approved for oil palm cultivation. 101 has acquired
      255 words
    • 468 15 SIGMA METAL Ltd is looking to its proposed acquisition of a 22.3 per cent stake in Pan-Electric Industries to turn an expected loss into a profit for the current year ending Dec 31, 1985. For this year, the Sigma group has forecast pre-tax losses of
      468 words
  • Page 14 Advertisements
    • 192 14 20 May, 1983 THE DAIWA BANK LIMITED (SINGAPORE BRANCH) U.S. $20,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE 21 MAY, 1987 In accordance with the provisions of the Certificates notice is hereby given that for the Interest Period from 21 May; 1985 to 21 November 1985 the Certificates
      192 words

  • Page 15 Advertisements
    • 459 15 "Win a Wang" Subscribe to MictoDecision today and you may be the winner of a brand new Wang Professional Computet worth USs4,2oo* The fastest data processing of all the personal computers we've tested. "ANI y A Prise Inctudet: Hardware 256K CPU, 2 disk drives, keyboard and monochrome monitor Software MS-DOS
      459 words

  • 418 16  -  Manufacturing sector worst hit By FOO CHOY PENG THE NUMBER of workers made redundant in the first three months of this year totalled 4,193» just about 800 less than for the whole of last year. Taking into account the reported layoffs
    418 words
  • 211 16 Economic Survey first quarter BUILDING contractors faced a $1.7 billion shrinkage in the value of new contracts awarded during the first three months of this year, continuing a steadily declining trend. Contractors looking for work during that period received very little help from
    211 words
  • 294 16 OVERALL employment fell by 25,700 in the first three months compared with a rise of 16,600 in the same period last year. And although there was no significant rise in unemployment, job opportunities were fewer. On average, each job seeker had 1.31 job offers between January
    294 words
  • 179 16 THE FINANCIAL and business services sector, the economy's "star" sector in previous quarters, lost some of its lustre during the first quarter. Growth slowed to 3.8 per cent, but the sector continued to be a major contributor to overall GDP growth 23.3 per cent in
    179 words
  • 154 16 AUSTRALIA'S trade minister arrives in Singapore today for a three-day official visit as part of a tour of the Asean countries. Mr John Dawidns, who is also Assistant Minister for Youth Affairs, is the first Australian trade minister to visit Singapore in three years. He
    154 words
  • 155 16 Reuter OPPOSITION members yesterday walked out of the first sitting of the new-ly-elected Sabah State Assembly in protest against the appointment of Chief Minister Datuk Joseph Pairin Kitingan. "We do not believe that the new government was set up constitutionally," Yahya Lampong, a
    Reuter  -  155 words
  • 47 16 Reuter PENINSULAR Malaysia's trade balance moved to a deficit of M 569.9 million in February from a surplus of $143.9 million in January. The Statistics Department said yesterday that in the first two months of 1965, it posted a trade surplus of $73.9 million. Renter
    Reuter  -  47 words
  • 114 16 AFP THE FUTURE of Macau may be raised during the forthcoming visit to China of Portuguese President Antonio Ramalho Eanes but it is not officially on the agenda. Mr Eanes said during a television interview in Lisbon yesterday that Macau was not a priority
    AFP  -  114 words
  • 238 16 UPI AFP THREE PLANES arrived in Geneva yesterday from Israel with nearly 400 of 1,150 prisoners to be exchanged for three Israelis in a transfer sponsored by the International Committee of the Red Cross (ICRC), diplomats said. A spokesman for the Popular Front for the
    UPI; AFP  -  238 words
  • 657 16  -  By AMY BALAN LOWER interest rates, more flexible repayment terms and a few "extras" for housing loans will be offered by Citibank from today. The latest move by the American giant, currently estimated to have more than one-tenth of the lucrative housing loan
    657 words
  • 75 16 Reuter THE New York stock market responded to the cut in the discount rate with a broad advance that swept prices sharply higher in early trading yesterday. The Dow Jones Industrial Average was up more than 13 points to 1299. Advances led declines by a six-one margin
    Reuter  -  75 words
  • LATE FILE
    • 41 16 AFP THE ORGANISATION of Petroleum Exporting Countries has threatened to reconsider Ecuador's membership of the 13-nation body unless it adheres to the output quota laid down for it, the Middle East Economic Survey reported yesterday. AFP
      AFP  -  41 words
    • 43 16 Reuter BEIJING leaders decided at an emergency meeting yesterday to impose grave punishments on rioters who attacked foreigners and police after China's World Cup soccer defeat. Hooligans had stoned spectators after the Chinese side was beaten by Hongkong. Reuter
      Reuter  -  43 words
    • 39 16 AFP ISRAELIS will have to pay a tax of US$3OO instead of the previous $150 each time they go abroad. The new austerity measures were decided at the weekend by the government. AFP
      AFP  -  39 words
    • 37 16 Reuter RADIO THAILAND yesterday quoted Thai Prime Minister Prem Tlnsulanonda as saying that a Cabinet reshuffle was imminent. General Prem called on the partners in the coalition government to discuss the issue.
      Reuter  -  37 words
    • 34 16 Reuter THE personal income of Americans increased by US$l7.B billion or 0.6 per cent in April to a seasonally adjusted annual rate of $3,174.2 billion, the Commerce Department said yesterday. Reuter
      Reuter  -  34 words
    • 48 16 Reuter AN OFFICIAL inquiry into Australian industrial relations has recommended limited wage fixing by direct bargaining, while retaining much of the current arbitration and conciliation system. The report is the first major review of the wage-fixing and industrial relations system in 80 years. Reuter
      Reuter  -  48 words
  • Page 16 Advertisements
    • 133 16 SIGNS H i Eye-catching signs for star attention. Wa*va got a wrida chotaa of signs and agM-boxa*. Just what you naad to gal al tha attantion you naad. Ba ft to sot your business on tha upawing, or simply to give And lor attracting your old and naar cuatomara, nothing
      133 words
    • 155 16 ;ib BE A SUCCESS LIKE ACMA. k .-V. You can also be a success in exports Hke ACMA. Having difficulties in extending credit to your overseas buyers? Or in obtaining export financing from your bankers? Then, you should know how ACMA, a leading manufacturer of refrigerators and airconditioners. succeeds in
      155 words
  • Page 16 Miscellaneous
    • 56 16 Outlook for today: Portly doudy witli showers in o fiw oroos in til# morning. Report for 24 hours prior to 7.30pm on May 20 at the airport: Maximum temperature 30.9 Associated humidity 70 Minimum temperature 25.0 Associated humidity 95 Hours of sunshine 3.20 Rainfall in millimetres troce Rainfall this month
      56 words

  • SHIPPING TIMES
    • PORTSIDES
      • 96 17 Reuter THE AUSTRALIAN and New Zealand/Eastern Shipping Conference cut its bunker surcharge for shipments to West and North Australia to 23.3 per cent from 24.4 per cent, and for shipments to Papua New Guinea to 18.8 per cent from 19.8 per cent, both effective June 1. Indonesia-Japan/Japan-Indonesia Freight
        Reuter  -  96 words
      • 52 17 Reuter THE SOVIET Union launched three satellites to complement a space navigation system for soviet civil airliners and merchant ships, the official Tass news agency reported. Tass said Cosmos 1650, 1651 and 1652 were all launched from the same rocket into near-circular orbits. Their systems were working
        Reuter  -  52 words
    • 435 17  -  Yard to improve its competitiveness By G DURAIRAJ THE PENANG Shipbuilding Corporation (PSC) will intensify its efforts to seek contracts from the private sector which it expects will prove useful to sustain its business development in the future. For a yard which has been
      435 words
    • 84 17 Reuter THE HONGKONG government will raise its port charges in two phases, on June 1 this year and on April 1, 1986, a marine department spokesman said. Among the fee changes, port and light dues will be raised to HK51,496.50 per ship from HK$74B, port clearance to
      Reuter  -  84 words
    • 478 17 Lloyd's List THE INTERNATIONAL Transport Workers' Federation would oppose moves to establish any aspect of Hongkong's proposed new shipping registry as a privately run operation. The ITF's assistant general secretary, Mr Ake Selander, said: "It would be disastrous to allow any aspect
      Lloyd's List  -  478 words
    • 453 18 Fairplay ALTHOUGH HAMPERED by a variety of geographical factors and a relatively restrictive transport infrastructure, South American countries have accounted for an increasing proportion of overall South/Central American-Caribbe-an containerised trade. The South American container traffic is dominated by Argentina, Brazil, Chile and Venezuela.
      Fairplay  -  453 words
    • 69 18 A GERMAN-BUILT floating dock with a capacity of about 22,000 tonnes was hoisted on board the special vessel Mighty Servant 3 in Bremen. The 27,720 dwt Japanese built heavy lift vessel owned by Wijsmuller would transport the Goliath from West Germany to the United
      69 words
    • 367 18 THE MAERSK MANGO was loaded and discharged in record time when it called at Belawan last Thursday, Dockworkers took five hours to discharge 36 containers filled with 5,471 tonnes of raw cotton and load 25 containers of rubber, reported Jakarta
      367 words
    • 687 18 AB Shpg V 5 Ateo Line VI 3 APC Lme V 4 APL 11 2/3 ANL 1 1 ASCL N 1 Bott-Conodo Line VI 4/5 Boh-Orient Line VI 4/5 Bonk Lme V 5 BBS 1 4/5 Boyswoter Shpg V 4 Ben Lne Cont V 3 Ben Ocean
      687 words
    • 1737 18 CHARTERING on Friday was featured by the lower rate of US$l5.lO being paid for grain from the US Gulf to Japan with similar fixing last week having received $15.50 and $15.75, ship brokers said. Grain from the Gulf to Durban made $16.50 and a fairly steady $11.75 was
      1,737 words
    • 164 19 THE Hamburg port has assigned one terminal for Indonesian vessels. The "Indonesian terminal" was inaugurated last week when the Jakarta Lloyd multi-purpose ship, the Baa 'bullah, called at the West German port. At least three Indonesian ships call at the port each month. The two-way trade
      164 words
    • 497 19 NEDLLOYD EXPECTS cash flow to cover its investment needs in 1965 despite a forecast fall in profits. At the end of 1984, there was an outstanding sum of Fls 561 million (US$44 million) in relation to capital commitments, mainly concerning payments to
      497 words
    • 377 19 FT THE SAGA OF whether Greece's Socialist government will buy Hellenic Shipyards, the yard owned by shipping magnate Stavros Niarchos which closed in April because of financial losses and chronic strike problems, has entered a new chapter. Each side is giving different
      FT  -  377 words
    • 224 19 May 22 A co-operative venture in British shipping, British Maritime League (London Branch) 1800 hours, The Naval Club, 38 Hill Street, London Wl. May 22 Damage control, South-west Branch Nautical Institute, 19.30 hours, Plymouth Polytechnic, Plymouth. May 23 Sea Finland: Finnish seafaring from prehistory to the future, National
      224 words
    • 186 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. Australia/Straits Container
      186 words
    • 79 19 THE INCREASING role of women in the management of shipping and other forms of transport was welcomed by conference chairwoman Mrs Mary Dyess, consultant to the National Association of Stevedores (NAS). Mrs Dyess said the divisive barriers of equality still needed to be bridged
      79 words
    • 5867 24 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      5,867 words
    • 652 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy <Jate/time Operator cargo schedule Location Zim Brisbane 8W 21.5.85 2300 Star Shpg F7 0900-1100 0900-1100 0700-0900/1700-1900 1400-1500/1800-1900 1200-1300/1900-1930 0800-0900/1930-2100 L4 L8 B8 S3 B2 B8 Anson Jenlink Uni Pioneer Maersk
      652 words
    • 1621 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A—6 A Top Enterpriser Pt« Ltd Some (S) AB Shipping Bousteod Shpg Agencies Afeo Line Afncon Shpg Agencies (S) Alfred C Toepter Oceonus Shipping Agencies (S) Multipoct Sdn Bhd (PK) American President Lines APL (S)/Boustead
      1,621 words
    • 536 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Agnes Venture K16 Borneo alongside 21.5.85/0500 Beloit K24E SSPL alongside 21.5.85/1100 Danyang K15 Y. Fung alongside 21.5.85/1800 Gulf Venture K20 Paciro alongside 21.5.85/0700 Johneverett K21 Everett alongside 21.5.85/0600 Phashwegyaw'a K20 Boustead alongside 21.5.85/0600 Vishva Karuna K11 R
      536 words
    • 268 26 AFP THE total tonnage of laidup vessels has decreased slightly since mid-April, the latest statistics published by London shipbrokers E.A. Gibson showed. There are now 243 vessels totalling 50,545,506 deadweight tonnes (dwt) laid up, idle or repairing, including 43 vessels of 6,141,929 dwt in total inactive at port
      AFP  -  268 words
  • Page 17 Advertisements
    • 387 17 VFo rc*9 n Exctioncj® Dealing^ Pubktfmd by TIMES BOOKS INTERNATIONAL Times Centre 1 New Industrial Road Spore 1953 Tel: *****44 A memoe* ot the times «gariisc*>on 556.50 Each THE INTERNATIONAL Transport Workers' Federation would oppose moves to establish any aspect of Hongkong's proposed new shipping operation as a privately run
      387 words
    • 231 17 u UASC UNITED AftAß SHIPPING CO ISAGI SEALORD SHIPPING AGENCIES 70 Shenton Way 04 02C Ma'ina Houae S<ngapora 0207 Tal *****94 Tel»■ No RS2S4I CFS ottica TPC 03 30 T#l *****31 and *****3? Tirminal offtca TPC 03 29 Tal No 2222« 90/*****93 NATIONAL UNE OF BAHRAIN, RAQ, KUWAIT, QATAR, SAUDI
      231 words
    • 892 17 B ALT -ORIENT LIME Baltic Shipping Co RejuUr Sorvicos from South East Mt to United Kinfdom odd North ContiMntal Ports Agent: Singapore Sovi«t Shipping Co Pte Ltd T#t: *****3 MAERSK LINE Tot .< I'ACIh if (it T T ATLANTIC fAS 1 CAN AIIA, IN! ANII l'( UN I.s Penang 23-23/5
      892 words

  • Page 18 Advertisements
    • 332 18 YAMASHITA-SHINNIHON LINE CONTAINER SERVICES CANADA MIDDLE SIBERIAN Atlantic/Canada F»dw at Koba Pacific North Wast Faadar at Koba iMhw n »i a Pacific South waat Faadar at Tokyo N TCMUV SJOM 14/7 in li/7 a/7 11/7 a/7 34/7 a/7 34/7 a/7 IMtor TOMO a i nsv a v. ana v. ana
      332 words
    • 186 18 Supercarrier Service KXT MHWM.SJMKI NAM 77/5. IMKR TONSKK 7/6. IMHI TEXAS 17/ i TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA in *n U/7 IV7 nn nn VI VI (Ml), t Francs OiM Utdtto mi %m top m L tafrin I CENTRAL AMERICA rrr" CMMEM Arrtt. Cw*c*>. »<|llin PMfrtvt
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  • Page 19 Advertisements
    • 644 19 The Straits Steamship Group mm Mansfield Container Shipping Pte Ltd Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAINERS*? SERVICE TO UK CONTINENT MMU MT uorooi MT *o*l OOR MT IMMESMNU an or ami 17/ C 19/1 M/l M/l •2/7 M/ 7 M/ 7 ie/7
      644 words
    • 668 19 Franco Belgian Services i'lTjf >1 =TTIFI rr id (Mf MBf B OF ACF CONSOP It 17* rr^mr rrm pjkuncu nr» r*a fumh rhm» m 22 Mf (2IMr)MM 11 tm Ula 15 111* Utm CM* COM a Iky (27Mr)17 ft* Ilka 2« tm 22 M 23 tm atm HKM CH Rh
      668 words

  • Page 20 Advertisements
    • 475 20 r if Hapag-Lloyd EXPORTS TO CONTINENT/UK On cantefe to Scandnavia, Mad, Carrfcean ft S. Amonci Wand tatfaft to Wand 4m**m m Eiwpe Sport PKoM Poaaa|loMosßßao Goma HM| Rdaai Bkatran Antwerp annual a/a 12/ c w/i s/7 10/7 13/7 ft** P. Kitex( S'pori Mw*n Lmrpo* B« t 22/5 23/5 Mood Eiprns
      475 words
    • 199 20 M S LINE FULLY CONTAINERISED SERVICE tOMts I*/##'*<. >o»*nasr.J# TO (UROPf VIA SWZ 1 of the Ace Comortun Spvt lltNjwt r«an F rtwt KV| Mm* 29/5 (27/5) 1 17/6 18/6 20/6 22/6 25/6 5/6 3/6)1 24/6 25/6 27/6 2»/6 2/7 nUNSIIOMi) BHDS 25W CHM CONTMO m lOH AM CHMCf TIH
      199 words
    • 465 20 THONG soon AGENCIES PTE. LTD. #09-07. ROBINA HOUSE. S PORE 0106 TEL: *****88. TELEX: RS ***** BOOKING: *****56 (DIRECT LINE) SINGAPORE TO PENANQ SINGAPORE TO SABAH SINGAPORE TO BRUNEI •JENSON IV •EQUATOR V •neon n CONTAINER FEEDER SERVICE UNK SI MAPI lE/1 ANOKIK TWICE A WEEK Agent* tm&t Impart 4
      465 words
    • 455 20 i i i i in i o EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound Service (FE/EURO/USEC/CARIB/FE) US WEST COAST SERVICE rem m Bona n hooted ii/i no imc em-sfto 23/5 bibcock MIMKI CM l/c no umk i—IM 1/1 w-mun ■wool v* no IMB ■MOOT S/C
      455 words
    • 162 20 USINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES KYOWA LINE it 0 SUN UNION LINE taiyo marine line WEST AUSTRALIA SERVICE VS. Pr ttUK STOW PJCOLMB nwnu pMUjm arm **s is/« it/t wt \n PMUUtn OTAT WS 21/7 77/1 30/7 5/1 EUROPE SERVICE Spm NMhi LOM) FOi 20/
      162 words

  • Page 21 Advertisements
    • 599 21 rVv PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 VESSEL HOT A AQUMG KOTA WMAMA HOT A WISATA VOYAGE E-547 E-M E-S7l EAST AFRICA/REDSEA SERVICES HONOKONO SINGAPORE LOADING FOR: 11-1* 5-10* 2-3/t 7-11/# TAMATAVE. D'SALAAM, *JO**A#A, I*O<WO4#CIO 10-IS/f DJIBOUTI. HOOCSAH, JEDOAH, PORT SUOAN. AQAIA VESSEL
      599 words
    • 372 21 BENLINE CONTAINERS KkJJEBSEN LINE K. NEW ZEALAND I SINGAPORE PORI HEI *N(j K tUMPUf Pf NANG Bf N 1 IN! BE NDER* BE ND( R BE NOEP* Ul 7737/44 TEL *****1 IE I *****5 TEI ***** S.M.S. PRIVATE LIMITED TELEX: HSMSPL PORT KELANG PENANG WEEKLY FULL CONTAINER SERVICE S'pore P.
      372 words
    • 482 21 DJAKARTA LLOYD INDONESIAN NATIONAL I INF MAMPAMT *20 m com m m WEST BOUNO MATABAM M2M 1 J BONTMK V-MB STOBf I noon a/5 24/27/S B/4 1-11/4 30/« 1/7 4/7 4/7 7/7 11/7 17/7 11/7 21/7 21/7 STOK BIH m t DMI/VMM (fHKMOCM BMMC m« V 4/7 31/7 1-VI M/l
      482 words
    • 465 21 BOUSTEAD SHIPPING AGENCIES m BURMA FIVE STAR (Burmese National Line) Loadng for Ranfoon Sport Phash»nya»yi»a *254W hi PI/21 May Ptaya V79W 24/25 May Pa w VMW 1/3 Jim Mgntyaa V 202 4/6 June 24/25 May 1/3 June 4/6 Jm 8/9 June \> BANK LINE [»:<«> a' SK». Af. T a
      465 words

  • Page 22 Advertisements
    • 997 22 K LINE KAWASAKI KISEN KAISHA, LTD. ECUADM/PERU/GMIIE FEEKR MOTHR *51 AM SIM *3t TM VS. spok mis rue spok 22 M* 23 Mil n Hay 27 M| KOK GUATAQUI CULAO AMCA Wf AfASASTA S.AMTOKO lAIPARABO 10 Mi 25 M 2 t Auf 7 Ami lh| 11 A* 13 A* TAIWAN-JAPAN-CHIN
      997 words
    • 406 22 CALIFORNIA/PACIFIC NORTH WEST SERVICE EXPRESS CONTAMER/REEFER/BULK SERVICE LoMflf to. LOS ANGELES SAN FRANCISCO SEATTLF. TACOkA VANCOUVER BC Acctplmf Fa/Fa Cortjmm P KeUflf jpott I Anj*tr<, MATDUT 21/24 Iby It Am AUSTRALIA EXPRESS CONTAINER SERVICE AcccptM| FCI/Fa Cootniwfs RAVOAS CHWDDAS RAMDAS 21/29 Iky 10/1 Aw* 19/20 htm 1/2 My 3/4 My
      406 words
    • 385 22 SANKO ASIA FROM JAPAN*S€ POUTS ANO HONOKONG Saitapara Mdav am 1-27/22 May 23/24 May 1. TtRAKTI 2. SAMO scorpw 3. KEE oram 4. OCEAN lAMOK 5 TEKAO 6 TROPICAL MOON 7 EDO AMRU 21/29 May 31/1 IM 4/5 Im 1/9 JUT 11/12 MR 15/14 Jm 25/27 May 21/30 May 1/3
      385 words
    • 386 22 INTRASEA (PTE) LTD 10 Anson Ro<ifl 16 Internal,on,i P (J207 Tel ilO L"ev o BREAKBULK SERVICE TB EUROPE/UK SfMrt P. Mutndtac tarS/C 14/4 Ion/MIT/Ul. (AVON) EAWOOD AND R.M.Z. S pore P KeUnj Lm*« tar EVANGEL OS L VOTII UN 4 tan ttaMnM/totaacta/ anus* (nt) it> none zncmi MfTME 9VTK CO
      386 words

  • Page 23 Advertisements
    • 528 23 FAR EAST/EI)ROP€ FULLY CONTAINERISED SERVICE ce«e*i ill ai <i (VIA SUEZ): SSMBGE C PML 448 T8 BMDGE 25N C CONTMER 308.... K CHANCE 22W HK CONTAMER 45*. Also accepting cargo to/from Scandinavia +SS BRIDGE S'pore Closing Times: FCI Cargo 2359 21/5 LCI Cargo 1200 21/5 FROM EUROPE (VIA SUEZ) C
      528 words
    • 525 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG, BUSAN. INCHON >'<>H i'.lftl', NIPIIINI *1.1 NOUS Pit 110 l#l .Vim/.' ."KS4U Hn..kmfs /.V 'MO ??1?07? Opt alions ?>ovB4 ii.frwii) :;O.MSO .V ***** iOSI Ml, KM> ({.INK KIMS M ll* SON BHO m trt i;tm t:i P* Irl
      525 words
    • 643 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SVtSOV BURMNG 55, Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Tele* Numbers RS ***** RS ***** RS ***** f KELANC M/S SHARKAT NAN SOON SON ■«>. IST ANO 2NO FLOOR. NO 1 lALAN CEMPENMG PORT KIANG. MALAYSIA
      643 words
    • 23 23 X 2 SNQ LONG SATU *7 76 2t/S MM JftYA 31/5 Agents: JAMBATAN MERAH SDN. BHD. P. Kelang: *****6/7 K.L. *****7/*****1 Penang *****
      23 words

  • Page 24 Advertisements
    • 627 24 Container Lines 4 Sailings weekly COl Fast Reliable Regular Punctual Berthing P S A Tue. Thur, Sat Sun. HINODE KISEN CO. LTD MIDDLE EAST REGULAR LINE#,> 1 l. IK HKWt I .in < XKKIKK Loadhf for Saiaiah, Doha. Kuwait, Damman KASW MARU IM VEB DEUTFRACHT/SEEREEDEREI ROSTOCK FORTNGHTLY FULL CONTAINER SERVICE
      627 words
  • Page 24 Miscellaneous
    • 173 24 Regional Weather ft 7 CO r. K O w (.4 K r r^s r *< SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND P ru. i Temperoture ®p A\ ♦•X thunderstorm Weather -V Wind direction with speed m knots Shower (A Rom Wove height e Cloudy Sky
      173 words

  • Page 25 Advertisements
    • 71 25 mmm FAR EAST/EUROPE CONTAINER SERVICF TL E3EZ3 tf'.i" MfTTTHI f1 '.f'Ttßrri II ■PTTTI H".'yg7TTTi n J I) rtlPfg nTirrauuM; emiimm en PITTTI rnrrairTi nmwzmwn IQEMnri ■primrl inmm lE3H EZ2H IZZMM EDI E9B KS II m. mm, cot. i mo hccepimb im «WECT P. KEUMC OSLO. Cm MMB CMGO TO W6.
      71 words
    • 40 25 PHIUTRON SHIPPING HG€Nci€S pre ltd TEL: *****22 (8 LINES) TELEX: RS ***** PHILI COLUMBUS LINE RFFDERfI GMBH (XPRISS SfMl CONTAINS SfRWICf 10 Hill I ROT Tf ROAM HAMHIIPG SI A! lON SHIPPING 'S< Plf 110 Smf.*lf<. BOOK INC,S 111 .'.'OSh*:
      40 words
    • 226 25 LICORN irrn: //i wvi w,r :.i m/v msmgnm: vslss M/V CGM VELAY V6LSS M/V CGM VAR Scan Dutch V To Europe (Med UK/NC Scan) -m rr-n ft i ACCEPTMG/SMJNG PXELANG B Butane SM B Butane 24/5 B. But** 31/5 B Butanf 7/6 B. Butane 14/6 B. Butane 21/6 To Red
      226 words

  • Page 26 Advertisements
    • 266 26 *1 Arttoprt pmfk c MitsciOSK Lines Ltd CONVENTIONAL/SEMI-CONTAINER NEDLLOYO MOJI AFRICA MARU EVEROAWN ALTAI MARU CONTINENTAL PARTNERS HIMALAYA MARU 18 May Mombasa. Dareeeaieem 24 May Port Louis, Reunion 4 Jun Mombasa. Daressalaam, Tanga 14 Jun Mombasa. Oaraaaataam 18 May Abid|an. Monrovia. Lome, Apapa. Douaia. Tama 16 Jun Monrovia. Abidjan. Lome.
      266 words