The Business Times, 25 November 1985

Microfilm: NL15281
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 MONDAY, NOVEMBER 25, 1985 75 CENTS
    12 words
  • Article, Illustration
    Pan-El creditors to vote on rescue plan today
    548 1  -  By ALAN LEE Companies Editor TAN KOON SWAN is on a winning streak. Yesterday he took on his political rivals and won hands down. Today he is ready to take on a group of jittery bankers who have been trying to close
    548 words
  • Article
    Exporters vulnerable to four non-tariff barriers
    555 1  -  USslb of exports were up against such obstacles last year By FOO CHOY PENG Chief Reporter A STUDY of non-tariff barriers (NTBs) erected by developed countries against Singapore in the past few years shows that the Republic is vulnerable in four main categories. These
    555 words
  • Article
    Lock icon Trengganu gas being secured for Senoko
    114 1 Bernama MALAYSIA AND SINGAPORE are finalising an agreement on the supply of natural gas from Trengganu to the Senoko power station in Singapore by the end of 1988. Minister in the Prime Minister's Department Datuk Dr James Ongkili said that under the agreement, Malaysia
    Bernama  -  114 words
  • Article
    Lock icon Beijing happy with HK, says top official
    339 1 AFP CHINA'S top official in Hongkong has said that Beijing is happy with the colony's situation and has promised an explanation "at the appropriate time" of his earlier apparent warning to Hongkong and British officials. "The situation in Hongkong is now good," said
    AFP  -  339 words
  • Article
    CPF not main contributor to savings, says Dr Tay
    116 1 SINGAPOREANS are voracious savers, and that's not mainly because of compulsory savings in the Central Provident Fund. Quoting figures from an article in a recent issue of the Mirror, the Minister of State for Education, Communications and Information Dr Tay Eng
    116 words
  • Article, Illustration
    Lock icon Tan Koon Swan made MCA president in landslide victory
    457 1 AFP Bernama MILLIONAIRE BUSINESSMAN Tan Koon Swan was yesterday elected the president of Malaysia's largest Chinese political party, the Malaysian Chinese Association (MCA), with a landslide win over arch-rival Datuk Dr Neo Yee Pan. Mr Tan, 45, polled 2,715 votes or
    AFP; Bernama  -  457 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      105 1 Call Wayfoong at 737-7977 for a fast decision on your loan Wayfoong Mortgage and Finance (St Ltd A »no*y owned subsidiary o< Hongkong Bank 6 Claymoce Hi»l «C 3 00 Claymore PtaM Singapore 0922 A.P. No. 004S 3.5" Micro Floppydisk stsr—r OM-D3440 < > Developed by Sony the 3.5" Micro
      105 words
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      Page 1 Advertisements Column 2
      344 1 It is encouraging to know that dance is still alive and kicking somewhere out in the streets, but from the progromme of the Singapore Dance Festival, it would appear that the selection of items is not as stringent as it should be. LISA LEE previews this eight-day extravoganza, and hopes
      344 words
    • Advertisement
      Page 1 Advertisements Column 3
      112 1 Hock Lock Slow, Pago 17 Trans-Pacific. JAL's terrific. Regular connecting flights from Singapore via Tokyo with a flight schedule that's second to none. Over 60 flights a week to 7 major U.S. cities and Vancouver. The Executive Express leaves Tokyo daily, flies non-stop and is the first to arrive in
      112 words
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      Page 1 Advertisements Column 4
      64 1 9-12 April 1986 Singapore Singapore Exhibition SorvicM Pte Ltd T*<: *****47 Balancing America AMERICA'S debt problems have been blamed for many of the ills of the world todoy, from high interest rates to the Third World debt crisis. Chrysler chairman LEE lACOCCA, in the second of a ten-part series on
      64 words
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  • MANAGEMENT
    • Article, Illustration
      When somebody goes nuts with the credit card
      1518 2  -  We should hear from the kids they're the people who get stuck with the bills MLB By LEE IACOCCA WHEN I WAS growing up in the forties, we used to have a lot of expressions just like the kids do today. As
      1,518 words
    • Article
      Of buyer credits and overseas Investments
      897 2  -  In this eighth of h#r fortnightly articlos on export credit insurance, LEE YOKE MENQ discusses two lesser known aspects of the businass buyer credits and overseas investments. LEE YOKE MENG MANY COMPANIES consider export credit insurance to apply only to the credit sale of
      897 words
    • Article, Illustration
      SIA attends to the details
      903 3  -  BT this week continues its study of the employers that have won this year's National Productivity Award by looking at Philips and SIA By LIM SOON NEO THE SWEET, demure, sarong-kebaya-clad Singapore Girl is world famous. Her misty smile holds a vague promise and her
      903 words
    • Article
      Philips vies for a strategic role
      907 3  -  By BOEY KIT YIN PUTTING Philips Singapore in the running as a strategic regional manufacturing and services centre for their Dutch multinational parent is well underway in Singapore today. A recent announcement of a $84 million investment in computer-inte-grated manufacturing facilities to link local
      907 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      346 2 The column Frontievs has been hold over because of inadequate space To give just any would be point nypen intless. '4. f, :t -'P 7 I If you have ever received a pen from a business associate you may remember it by some unpleasant experience. Like the time it stained
      346 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      65 3 Next week: The winning ways of United Overseas Bank and Singapore Bus Services National university Of Singapore PUBLIC LECTURE BY PROFESSOR CHARLES L SCHULTZE LEE KUAN YEW DISTINGUISHED VISITOR The Public Use of Private Interest Friday 29 November 1985 Time 5.30 pm Venue: Lecture F heat re 11. Kent Ridge
      65 words
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      Page 3 Advertisements Column 2
      326 3 WITH WANG VS SYSTEMS, YOU GAM ON COMPATIBILITY jIND USER FRIENDLINESS. WITHOUT LOSMG POWER IN THE PROCESS. Offered as a complete and easily upgradeable line of minicomputers, Wang VS systems have the power to address core data processing applications as well as end-user application needs. As a result, they are
      326 words
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  • OVERSEAS
    • Article
      Lock icon House committee drafts sweeping tax changes
      532 4 Proposal touches almost every household and corporation NYT THE HOUSE Ways and Means Committee has finished drafting the most sweeping changes in the US federal tax system approved by a congressional committee since World War 11. Saturday's measure differed in a number of ways
      NYT  -  532 words
    • Article
      Lock icon Bonn economy expected to grow by a real rate of 3pc
      628 4 Reuter THE WEST GERMAN economy will see continued strong investment, a recovery in private consumption, stable costs and prices and a marked rise in employment next year, the government's independent Council of Economic Advisers said. But joblessness will show
      Reuter  -  628 words
    • Article
      Lock icon US$l million for coffee breaks
      71 4 UPI A JUDGE in Providence, Rhode Island, saying coffee breaks are more than just perks, has ordered the state to compensate 380 prison guards who were denied the 15-minute rest periods. With interest, the total payment will be more than US$l million. Superior Court Judge
      UPI  -  71 words
    • Article, Illustration
      Lock icon US challenges Soviets to set time-table for withdrawal
      270 4 Reuter US PRESIDENT Ronald Reagan, saying he sent Soviet leader Mikhail Gorbachev home from the Geneva summit "with a lot to think about," challenged the Soviets on Saturday to set a time-table for withdrawal from Afghanistan. In Moscow, the Communist Party daily
      Reuter  -  270 words
    • Article
      Lock icon Guru's fleet of 86 Rolls-Royces goes on sale
      322 4 UPI Reuter FOR SALE: Guru Bhagwan's fleet of 86 RollsRoyces, barely used. But you're got to buy them all. 'It's all or nothing," said Swami David, head of the Rajneesh Modem Car Collection. "Because of the market, we feel it would be
      UPI; Reuter  -  322 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      799 4 ARRIVALS Operator Service Local From number time SIA SQI1 0125 LAX/TYO PAA PA21/5 0155 LAX/TYO/ HKG SIA SQ4I 0615 MAA MAS MH601 0720 KUL SIA SQ43 0730 DHA MAS MH681 0820 KINSIA SQ45 0850 MRU MAS MH603 0905 KUL MAS MH67I 0935 KUL MAS MH8I1 0940 PEN
      799 words
  • Page 4 Advertisements
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      75 4 Doonesbury HI, imiSMARKSLACKMF/ER, BRQATXXSTINGUVBFROMLAFAwmfm:. allthisueek,he'll J BE TALKING TD THE HOMELESS ON 1 A SPECIAL SHOtUCAUEP "URBAN HOME COMPANION' IN A MOMENT, MEET Mi FIRST GUEST, MS. AUCZ SCHH/ARTZMAN, A FORMER GARMENT WORKER/W? LONG-TJME HABTTUB OF THE PARK.. inn m ■in <Ti v# X# URBAN !?///>* m i-ij V BUT
      75 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      167 5 Air Canada, joure a great way to fry I Wf v •r*■M m NvMM w&* M •Ps 4** Or boil, scramble, poach, or coddle, fcr that matter (Especially coddle). And that's just the eggs. How do you feel about flap-jacks with meted butler and maple syrup? Or thin, crispy Canadian-style
      167 words
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  • OVERSEAS
    • Article
      Lock icon Chinese officials want curbs on building
      430 6 Warning of the dangers of over-investment AFP CHINESE OFFICIALS have called for stricter controls on investment in the construction sector, warning that over-in-vestment in this industry this year was threatening the overall performance of the country's economy. The economic newspaper Jingji Ribao in Beijing
      AFP  -  430 words
    • Article
      Lock icon Military urged to make more civilian goods
      329 6 AFP CIVILIAN GOODS produced by China's military sector now represent 40 per cent of its total output value, against 18 per cent in 1960. The country's Vice-Premier, Li Peng, has urged enterprises in the industry to produce more for the civilian sector while
      AFP  -  329 words
    • Article
      Lock icon Advertising must follow official policy, says Beijing
      215 6 AP THE CHINESE government has said that advertising must not run counter to official policies or harm national dignity. A circular issued by the General Office of the State Council during the weekend also stated that advertising for foreign businesses must be approved
      AP  -  215 words
    • Article, Illustration
      A widow's grief
      34 6 THE WIDOW of former Cambodian president Lon Not weepa as she clutches the flag that accompanied the casket of her husband. Lon Nol died of a heart attack on Nov 17.
      34 words
    • Article
      Lock icon Vietnamese premier says China still hostile
      208 6 Reuter VIETNAMESE PREMIER Pham van Dong has said that China remains hostile to his country, but there is a growing dialogue between Hanoi and several Asean countries. Mr Dong, in a rare interview with New Delhi's leftwing Patriot newspaper ahead of Prime Minister Rajiv
      Reuter  -  208 words
    • Article
      Lock icon Cardinal Sin may try to re-unite opposition
      549 6 AFP PHILIPPINE PRELATE Jaime Cardinal Sin may mediate between the camps of Corazon Aquino and Salvador Laurel to avert an opposition debacle in the presidential polls. It is believed that unless such a mediation succeeded, President Ferdinand Marcos would split the opposition vote
      AFP  -  549 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      96 6 Can you afford a worldwide courier service that cannot guarantee personal delivery to your client's (M?9CSH a Jso TNT Skypak delivers desk to desk worldwide through an extensive network of over 300 wholly owned stations in 80 iH countries to guarantee you the fastest, safest possible i personal delivery of
      96 words
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      Page 6 Advertisements Column 2
      193 6 s pi m m m t ITALIAN HI-TECH FOR THE CHEMICAL k PHARMACEUTICAL INDUSTRIES Here's your opportunity i to tap Italian hi-tech and technical |ll—know-how to upgrade your production lines. yd Be at ChemAsia '85 and view the latest innovations in Italian 11 Chemical Pharmaceutical machinery industries. The Italian hi-tech
      193 words
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  • WORLD BACKGROUND
    • Article, Illustration
      Lock icon Neighbours watch developments in Manila
      833 7 The Philippines has become the most conspicuous odd man out in terms of growth of guerilla forces Now, Asean officials have had to turn their attention more and more towards Manila. The Philippine economy is faltering at a time when recession and slower growth have
      NYT  -  833 words
    • Article, Illustration
      Lock icon Pyongyang watchers think younger Kim is not ready for power
      666 7 UPI REPORTS from North Korea touched off fresh speculation last week that long-time President Kim D Sung has retired, but Pyongyang watchers say the heir apparent his son is not ready to take over Just yet. The assertions that Kim
      UPI  -  666 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      246 7 If you need some cash to fund their education, a Multi-Loan is something you should study. At Standard Chartered Bank we've introduced a new personal loan scheme called Multi-Loans. It's been specially designed for executives and professionals with an income of at least $3,000 per month. The interest is fixed
      246 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Fed to exercise caution
      452 8 Dollar's sharp fall prompts changes Reuter THE FEDERAL RESERVE must be careful in the execution of monetary policy in light of the US dollar's recent sharp fall, Gerald Corrigan, the president of the Federal Reserve Bank of New York, said. Asked whether the Fed plans to
      Reuter  -  452 words
    • Article
      Lock icon Experts give reasons for spiralling Third World debt
      358 8 Bernama THIRD WORLD debt has spiralled over the last decade due to careless and aggressive lending practices by transnational banks and ill-conceived growth strategies in many developing countries, says a debt crisis expert. Dr John Cavanagh of the Institute for Policy Studies
      Bernama  -  358 words
    • Article
      Lock icon Malaysian money supply up in September
      134 8 Bernama AFTER THREE CONSECUTIVE months of decline, the money supply (M 2), comprising narrow money supply (Ml) and fixed and savings deposits (quasi money) of Malaysia's private sector with the commercial banks turned around to record a higher annual growth of 8.1 per cent
      Bernama  -  134 words
    • Article
      Lock icon Japan expected to lend 40 billion yen to India
      230 8 AFP JAPAN WILL extend a loan amounting to 40 billion yen to India when Indian Premier Rajiv Gandhi visits Tokyo later this week. The Kyodo news service yesterday quoted government officials as saying that the two countries were expected to conclude
      AFP  -  230 words
    • Article
      Lock icon Taiwanese commercial banks cut lending rates
      100 8 AP COMMERCIAL BANKS in Taiwan have lowered their lending interest rates by 0.25 to 0.50 percentage points in the fifth cut so far this year. The Bankers Association in Taipei said during the weekend that the country's commercial banks can now charge between 6.25
      AP  -  100 words
    • Article, Illustration
      Lock icon Marcos re-thinks merger of banks
      158 8 AFP PRESIDENT Marcos has blocked his earlier order to merge two giant state-owned banks hit with huge losses, saying he is considering rehabilitating them instead. Mr Marcos had earlier called for the merger of Philippine National Bank (PNB) and Development Bank of the Philippines (DBP),
      AFP  -  158 words
  • MONEY AND EXCHANGES
    • Article
      Forex trading lapses into lethargy
      393 8 CONTRASTING with the activity and bullish mood on most of the major stock markets, the international foreign exchange and precious metal markets for most of last week were relatively quiet. Even with the presence of some basically important stimuli, trading remained lethargic. In professional trading,
      393 words
    • Article, Illustration
      Prime lending rates
      507 8 PLR of banks at the close of business on Friday, Nov 22 as supplied by the Association of Bonks in Singapore. ROCATES the average of the prime kendh( rates of 12 major banks operatinf in Seaport BANK PLR Algemene Bank 7*4 American Express Bonk 8'/i Am'Dom R'ferdam
      507 words
    • Article
      Asian $ market
      210 8 Asian market ASIAN currency average deposit rates for the week ended Nov 22 BID PRICES High Low uss 7 doys 8 7/16 7 15/16 1 month 8 1/4 8 2 months 8 1/4 8 3 months 8 3/16 8 6 months 8 3/16 8 9 months 8 1/4 8 1/16
      210 words
    • Article
      Lock icon D-mark and yen futures reach new peaks
      328 8 Green Collier SIMEX/CME D-MARK and yen futures scaled new contract high last week. Apart from a brief setback on Wednesday after the announcement of the second revision of the third-quarter US GNP growth data, both contracts maintained a bullish stance throughout most of
      Green & Collier  -  328 words
    • Article
      Short-term money
      29 8 The range of col rates for the week ended Friday,.. Nov 22: lank fund 4—5.05 General fund 5 $m of funds 1.764 Source: Short Deposits (M) Bhd
      29 words
    • Article
      Lock icon Interbank money market steady
      245 8 International Discount Co Ltd THE SINGAPORE interbank money market remained relatively steady throughout last week in spite of the impending $100-million Singapore Airlines shares issue on Nov 27. Overnight rates were traded within the range of 4'/j 5 per cent from the week's opening level of
      International Discount Co Ltd  -  245 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      77 8 Hertz costz up to 50% less. Ask for the Hertz Daily Special (On selected models, subject to availablity. For use in Singapore only.) Below 1600 cc models 1600 cc models: 2000 cc and above $49.90 per day $79.90 per day $99.90 per day Includes unlimited mileage, insurance, maintenance and other
      77 words
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      Page 8 Advertisements Column 2
      137 8 Discount Prices At Soturdoy's close 3-month Treasury BttK 3-month bonk b4k 3-month CD 6-month CD 3—2 7/8 5 13/16—5 11/16 5 9/16—5 7/16 5 5/B—s 1/2 Prices offered by discount houses on Nov 23 Overnight 3 Call deposits 3 Source: Notional Discount Company With a Slerlin9 Adju/ter on the scene
      137 words
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  • SPORTS
    • Article
      Beldale wins once again
      538 9  -  By BRIAN MILLER BELDALE PROSPECT, the only entire in the field of 14, again showed his liking for the Kuala Lumpur track when he ran off with the Sultan of Selangor's Silver Jubilee Trophy yesterday. The four-year-old Americanbred by New Prospect, who won this year's Tunku's
      538 words
    • Article
      Unseeded Australian reaches world squash semi-final
      214 9 GLEN BRUMBY, the 25 yearold Australian once told he would never play top-class squash again, reached the semifinals of the World Open Championships in Cairo on Saturday and now tackles Jahangir Khan, the man who has not lost in nearly five years. The unseeded
      214 words
    • Article, Illustration
      Comfortable victory for Vincent
      519 9 VINCENT LEE continued his indomitable march to his second club title with a comfortable semi-final win in Warren's matchplay championship on Saturday in spite of being plagued with putting problems. The 19-year-old overwhelmed Yeo Chin Hee (9) four and two to set up a showdown with
      519 words
    • Article
      Lock icon Pre-race favourite wins Japan Cup
      211 9 UPI PRE-RACE FAVOURITE Symboli Rudolf of Japan came from behind in the final stretch on Sunday to win the sth Japan Cup Race and clinch the U*****,000 first prize at the Tokyo race track. The four-year-old colt and triple crown winner won Japan's only international
      UPI  -  211 words
    • Article
      Lock icon Lendl beats Mayotte despite blistered hand
      275 9 AP IN SPITE OF a blistered hand, Ivan Lendl defeated American Tim Mayotte 6-4, 6-4 on Saturday night to win the Rio International Tennis Challenge in Canberra. The 25-year-old Czech, ranked No. 1 in the world, never got into top gear but was still
      AP  -  275 words
    • Article
      Lock icon Seiko title goes to Gomez
      65 9 UPI ANDRES GOMEZ of Ecuador overpowered sixth seed American Aaron Krickstein in four sets on Sunday to retain his title in the U*****,000 Seiko Super Tennis Tournament in Hongkong. Gomez, seeded third, beat the 18-year-old sixth seed 6-3, 6-3, 3-6, 6-4 to take the $40,000
      UPI  -  65 words
    • Article, Illustration
      Lock icon Navratilova regains top tennis spot
      384 9 UPI MARTINA NAVRATILOVA regained the world's top spot in women's tennis on Sunday when she subdued Hana Mandlikova in three sets to take out the New South Wales singles crown on the White City Centre Court. Navratilova dropped the first set but then moved into
      UPI  -  384 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      92 9 Where would n[7TsrT|i v? Close to work or close to nature? Available for 1 month and above Within CBD Fully furnished inclusive of kitchenware Telex and IDD telephone Housekeeping and laundry service available Covered car park 24-hour security Rates: Studio $1,300 per month 1-bedroom $1,600 per month 2-bedroom $2,300 per
      92 words
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      Page 9 Advertisements Column 2
      135 9 People who know fly direct to San Francisco and Dallas from Kuala Lumpur. 7 1 -pa* f v "v v/ > >'V W- M v KJRMISI W\ ■m iitiitni'i i '"**■> warn Join the people who know and fly America's 1 airline across the Pacific. From Kuala Lumpur, you can
      135 words
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  • FEATURES
    • Article, Illustration
      Prints have valuable potential
      878 10 Aesthetics should be main buying criterion Prints are not copies of an original world. They are original works of Art, conceived and created by the artist, who is deliberately using his chosen medium to translate his ideas in terms of style, content and form on to
      878 words
    • Article
      Hacksaw — that's what I need for a fast job
      795 10  - Hacksaw that's what I need for a fast job Viewpoint By MAX COMMANDER FAST FOOD is not something with which I have been well acquainted, but it seems to be the in thing to do to go and stuff a few thousand calories of what I have decided is properly
      795 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      185 10 Now with Bank of America your network can span over 75 countries, with superior technology and top level personal support. There's one bank that can offer you the world and deliver it. Bank of America's network gives you the presence and the capabilities you require in 75 countries, and our
      185 words
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      Page 10 Advertisements Column 2
      142 10 GNTA text Master Worldwide telex communication from your own workstation There are more than worldwide today YOU KNOW THE PROBLEM The teleprinter is centrally located and an inefficient workstation. It often becomes a bottleneck in the Company's telex traffic. MKH JO. IS W V. ft M r A 1,500,000 telex
      142 words
  • Page 10 Miscellaneous
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  • THE ARTS
    • Article, Illustration
      Dance extravaganza
      717 11  -  Festival attracts more than 80 entries By LISA LEE THE SINGAPORE Dance Festival has done itself proud if its aim is to show off as many of the local dance groups as possible. The works of choreographers will be seen on stage in an eight-day dance extravaganza featuring
      717 words
    • Article, Illustration
      One ceramics exhibition that you must not miss
      802 11  -  By MONICA GWEE PURPLE forms and pyramids, satin-smooth bowls and craggy orange slabs, a couple of cats and a wealth of textures. The Contemporary Australian Ceramics exhibition now on at the National Museum Art gallery is a definte "must see". This exciting
      802 words
    • Article
      The true Walt Disney magic is still alive
      357 11  -  By JAIME LYE WELCOME back to the Wonderful World of Disney. The way it should be. After years of dabbling in high and low-tech, regular and semi-animated features that, although intriguing for a while, were soon relegated to the memory's "out" tray,
      357 words
    • Article
      Unenviable task ahead for new SBC chairman
      587 11  -  By MARIE DAVID IT SEEMS that the SBC is tak- ing a long time to appoint a new chairman. It is true, casting an eye over the potential, that the v decision will not be an easy one. There does not appear to
      587 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1110 11 13 sm \mm BALLET OF THE MONTH Romeo and Juliet 9 pm, Channel 12 Yet another version of this evergreen story about pubescent love. This time, Mr Ballerina himself, Rudolf Nureyev who has lately been prancing across cinema screens as well, is in L the title role as Romeo. Italian
      1,110 words
    • Miscellaneous
      Page 11 Miscellaneous Column 2
      679 11 TCKHKHDiaB mmsmb CRYPTIC PUZZLE ACROSS 1 Capitol morning for a guy (5) 6 Possible cause for a food additive (5) 9 Spice of kind (7) 10 Educate in ort, possibly (5) 11 Mr Ems tern's controls (5) 12 Possibly sod about Vi getting the cup (5) 13 Terrible loud earful'
      679 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon Beijing sets up investment company
      309 12 Reuter A NEW investment company has been set up to channel money into China from the Middle East, where a Chinese vice-premier is now wooing more Gulf countries to set up formal ties with Beijing. Last Friday, a spokesman for Bank of Credit and Commerce
      Reuter  -  309 words
    • Article
      Lock icon Philippines to encourage mergers and buyouts
      165 12 AFP THE PHILIPPINE government is to encourage company mergers and buyouts to "rationalise" industries affected by the impending liberalisation of imports, the Ministry of Trade and Industry said. Manila is set to remove import barriers by Jan 1 on 1,303 items in a dozen
      AFP  -  165 words
    • Article
      Lock icon Share prices close higher in New York
      328 12 Reuter THE NEW YORK market closed slightly higher last Friday, setting records once again and impressing observers with its unwillingness to go down after sharp gains. The Dow Jones Industrial Average gained two points to an all-time high of 1,464, beating last Thursday's
      Reuter  -  328 words
    • Article
      Toronto
      126 12 NOV 22 C$ 17V. Holfcnger Hud Bay Mm Imp Oi Z 6* 53* I6 unch Alcon 36'* 44* Algomo 19* unch 18* H Argoen Hldgs 15* -H Bonk. Mont 33* 22* Bank Nova Scotia 14^. 43* -H -H Mossey Ferg 3* 19 unch 32 -M Moteon A 19* -\k
      126 words
    • Article
      Johannesburg
      194 12 NOV 22 Rand Unn.ec Wootwofth 600 1350 unch unch INDUSTRIALS MININGS A Alpha 860 10 -8 -to 5 Anglos 3775 -25 ***** 435 Blyyoofs 1850 unch BofteH 8550 100 1350 Chorter I050S unch 5 Cons Gold 2425 unch CNA 205 Cons Murch 1150 25 unch De Beers 1555 45
      194 words
    • Article
      New York
      677 12 NOV 22 US$ Alcon Alumm 27 Alcoo 35* Alegheny Lud 25** Afced Chem Cp 45* Akd Stores 65* Afcs-Cholmers 3*B Am Brandt Inc 60 V. Am Broodcost 119'« Am Can Co 64* 1* Am Cyanarrvd 58 unch Am Elec Pwr 23* Am Express 49* Am Home Prod 60*
      677 words
    • Article
      European markets
      860 12 Amsterdam NOV 23 Fl> ABN 552 50 0 5 Aegon 114 70 -0 6 Ahold 74 20 -0 3 Akzo 13V 00 -02 AAAf V 81 00 -03 Amtcs Amro Book 99 70 -0 1 Berk el 4180 +08 Bob 482 00 +1 Boskoiis Bur Tet 118 20
      860 words
    • Article
      Honda plans plant
      48 12 HONDA MOTOR is considering building a second car assembly plant in the US. Tetsuo Chino, the president of American Honda Motor, told the Washington Post a second US plant would give Honda the capacity to build 400,000 cars a year in the US by 1990.
      48 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      194 12 T <1 i Plßi If, w r r? %*?■>■&*<.>sfy?.f S&( MgWygMMKkM M 3 -.a' r»* m IS iF.S> Lift the lid and delight in the appetizing aroma of chicken, beef. or seafood cooked and served with fragrant rice in a special earthen casserole. At 59.50* each. For lunch and dinner
      194 words
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      Page 12 Advertisements Column 2
      122 12 p .V* ii -f m Chances are you'll hear your favourite kind of music at the Act I Lobby Bar. Just ask for it. Nightly from 6.30 pm to 1.00 am (3.00 am on Saturdays). UU ofmpqpm In tW trWilo i< rfirr 1 333 Orchard Road, Singapore 0923. Tel: *****11.
      122 words
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      Page 12 Advertisements Column 3
      82 12 NONYA BUFFET -Vts ggk '2 v Every Wednesday Friday at Terrace Garden Price :$12.00^ Time: 12 noon-230pm I'j fi >0 A sumptous buffet lunch awaits you with savoury specialities to please the palette. Our menu includes popular dishes such as Sotong Sambal, Gado Gado, Fried Prawns in Oyster Sauce, Fried
      82 words
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      Page 12 Advertisements Column 4
      41 12 unkai Japanese Restaurant Sushi, sashimi, teppanyaki and other famous delicacies from the land of the Rising Sun are prepared by three resident Japanese chefs. Businessman's set lunch from $8.50-H--FURAMA SINGAPORE HOTEL 10 Eu Tong Sen Street Singapore 0105 Tel 533 3888
      41 words
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      Page 12 Advertisements Column 5
      188 12 (.[|*.}{><",_?%;=!-]);]>~-%_((/ \VN l_ O \W: atKSngChfcr^lj&u Teochew Restaurant Come to the best Teochew restaurant in VBy. town for a really special Buffet Luncheon. Choose from 60 scrumptious dishes for just IB++ per person (minimum of 2 persons at a table). Mfmiv For 2 persons 3 dishes with rice/ porridge and
      188 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Analysts doubt Pfizer will make offer for Sterling
      511 13 Reuter SOME ANALYSTS in New York doubt market rumours that Pfizer Inc will make an offer to buy Sterling Drug Inc but they do believe Sterling could be a likely candidate for a takeover or a management-led buyout. Market rumours linking Sterling
      Reuter  -  511 words
    • Article
      Lock icon Bell, Adsteam freed from accounting link
      125 13 Reuter THE NATIONAL Companies and Securities Commission (NCSC) in Melbourne has said the Bell Group and the Adelaide Steamship Co no longer have to be treated as associates in reporting their stakes in Broken Hill Pty Co Ltd. The NCSC has modified a section
      Reuter  -  125 words
    • Article
      Lock icon Renault decides to stop production in South Africa
      226 13 AFP FRANCE'S state-owned Renault carmaker is pulling out of South Africa because of the "severe deterioration of the economic environment". The decision follows the move by another French car company, Peugeot, to also cease its South African operations. Renault said it was
      AFP  -  226 words
    • Article, Illustration
      Lock icon Fiat holding talks on tie-up with Ford of Europe division
      175 13 Reuter THE CHAIRMAN of Fiat SPA, Giovanni Agnelli, was quoted by newspapers as saying that the group was negotiating a joint venture with the British truck division of the Ford of Europe Inc on behalf of its industrial vehicle subsidiary,
      Reuter  -  175 words
    • Article
      Lock icon Buyouts are reshaping corporate America
      809 13 Concern that such risky ventures may one day collapse NYT IN THE BUSINESS WORLD'S latest craze, Wall Street financiers and small groups of executives are borrowing billions of dollars to put some of America's best-known corporations into private hands. The phenomenon, known as leveraged buyouts,
      NYT  -  809 words
    • Article
      Lock icon Barclays de Zoete structure announced
      188 13 Reuter THE CHAIRMAN-DESIGNATE of the Barclays de Zoete group, Martin Jacomb, has announced the proposed corporate and management structures to be adopted by the company on its intended formation next year. The group, created by a merger of Barclays Merchant Bank and Barclays Investment Management
      Reuter  -  188 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      604 13 v; ii Wi&t* u> wise. tilae and wtoatin FASHIONABLY HYATT Join the fashion- conscious every Wednesday (3-00 6.00 pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative
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      Page 13 Advertisements Column 2
      133 13 > i At COFFEE GARDEN... 24-HO HONG KONG DIAN XIN, NOODLES AND CONGEE. SPECIAL ROASTS* AVAILABLE TOO! Also available round-the-clock are delectable local and continental cuisines. m 'Avatiabk from llam 3pm 4 6pm- llpm Set Breakfast Specials of Porridge A Dian Xin available MfMwi/.Mrm. 19 Cairnhiil Cirde Singapore 0922 Tel:
      133 words
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  • RAW MATERIALS
    • Article
      Lock icon London metal trade volume halved
      774 14 AFP WITH THE continued suspension of tin trading on the London Metal Exchange, trading in other metals has sunk to less than half the volume of a month ago. Prospects of a recovery in trading volume hinge on a solution to the tin crisis. But
      AFP  -  774 words
    • Article
      WHEAT
      194 14 WHEAT futures on the Chicago Board of Trade continued to slide in front months last Friday, pressured by weakness in Kansas City hard wheat and technical selling. A sharp drop in Kansas City wheat triggered sympathetic selling in March Chicago soft wheat after midday. Negative technical chart indications, after
      194 words
    • Article
      SOYBEAN
      110 14 SOYBEAN futures on the Chicago Board of Trade settled 3'/2 to 6 3 US cents a bushel higher in active short-covering trade last Friday. Spot January ended 3 Vi cents higher at 4.88Vt cents a bushel. Traders bought back contracts sold in recent sessions when prices fell sharply amid
      110 words
    • Article
      RUBBER
      204 14 LAST WEEK, the market saw dreary and dull conditions, and low turnover, with the continuing tin crisis and paucity of overseas orders influencing sentiment. Business was featureless light stale bull liquidation of current December One RSS depressed the price by four cents to touch a 10-year low of 154
      204 words
    • Article
      Produce exchange
      155 14 Chinese Produce Robusto 20/25% FOB NSW 495 00 Exchange (Sellers' noon closing Nov 23 (SS/100 kg) prices on Nutmeg 496 00 110 FOB NSW Coconut oil E&W FOB NSW 438 00 Bulk FOB 72 00 Gombier Old drum FOB 85 00 FOB NSW 330 00 New drum FOB
      155 words
    • Article, Illustration
      Lock icon Super Soviet farm agency set up
      224 14 NYT IN THE FIRST major government reorganisation since Mikhail Gorbachev took power in March, five Soviet ministries and a committee dealing with agriculture were abolished last Friday. Their responsibilities were combined in a new super agency. Mr Gorbachev and other top Soviet officials had
      NYT  -  224 words
    • Article
      Lock icon Big exporters discuss sugar price slump
      615 14 Reuter THE WORLD'S four major sugar exporters have started to discuss a continuing slump in prices at talks in London on the possibility of negotiating a new International Sugar Agreement with price stabilisation provisions. Delegates said the situation was also discussed more formally during
      Reuter  -  615 words
    • Article
      Lock icon Tin crisis banks less demanding
      369 14 Reuter BANKS INVOLVED in the financial packages offered to the International Tin Council (ITC) have shifted to a less demanding requirement in terms of sovereign guarantees. Banking sources said the banks had demanded guarantees jointly and severally from the 22-nftember governments of the insolvent ITC
      Reuter  -  369 words
    • Article
      LONDON MARKETS
      1086 14 COFFEE Robusta futures eased on long liquidation last Friday afternoon, pressured by softer New York prices and strong sterling, and contracts closed £38 to £22 a tonne easier. The strength of sterling and the absence of physical offtake disguised a basically steady market. Trading was generally nervous, with
      1,086 words
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      Page 14 Advertisements Column 1
      145 14 rli n U r r -f' •V v .-A *W\ 1 I flir'!.™r f \s is F'l v^ v Faforice turns on some real cog/jazz, for your 4rH{mj pleasure The atmosphere is alive with Stan Getz. Miles Davis. 8.8. King. The Modern Jazz Quartet and more. The perfect setting for
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      Page 14 Advertisements Column 2
      343 14 NOTICES AND TECHNOLOGY CONSULTANTS PTE. LTD. (la Vtlutir) UqikUtiM) NOTICE OF PINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of The Companies Act, Cap. 185, a final general meeting of the abovenamed Company will be held at 51 Anson Road #02—57 02—59 Anson Centre, Singapore 0207, on
      343 words
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  • MARKET REVIEWS
    • Article, Illustration
      Pan-Electric shock sends market reeling
      5767 15  -  M 1 1 Singapore By HOMER CHEN LAST WEEK saw the market reeling from a double shock the worrisome Pan-Ell affair and the nasty clash between the police and an extremist group in Kedah. Even without these two developments, the market was already on the
      5,767 words
    • Article
      Shares close with a whimper
      349 15 << K.Lumpur m 1 INVESTORS WERE a disappointed lot at the Kuala Lumpur stock market last week. The market had started with a bang on Monday but ended with a whimper at the close of the week. Contrary to investors' expectations, only a few market
      349 words
    • Article
      COMPANY NEWS for the week
      979 15  -  compiled by JULIANA TAY Week ended Nov 22 CORPORATE DEVELOPMENTS Ambossodor Hotel Ltd incorporated a fully-owned subsidiary, Ambossodor International SA, in Panoma on Nov 18. Ambassador International will be principally involved in shipowning, ship-chartering and shipping agency business. Shareholders of Dayopi Industrie* (Malaysia) Bhd have
      979 words
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  • MARKET REVIEWS
    • Article
      Lock icon Wall Street hurdles over Dow barrier with ease
      680 16 m J/'j N ew York FT THE BARRIER that Wall Street had begun to erect around the 1450 mark on the Dow Jones industrial average fell last week as though it had never existed. On Thursday, buying power was so strong as
      FT  -  680 words
    • Article
      Lock icon Sizable increases seen in a shortened week
      216 16 1 IjiO Tokyo M A AFP SHARE PRICES registered a sizable gain on the holidayshortened Tokyo stock market last week, encouraged by a lowering trend of interest rates both in Japan and the US. The result of the US-Soviet summit meeting in Geneva
      AFP  -  216 words
    • Article
      Lock icon Weaker close after quiet trading
      234 16 rl VI Australia m A Reuter AUSTRALIAN share markets closed weaker after a week of generally quiet trading but the All Ordinaries Index, which breached the 990.0 mark, was revived towards the close by record highs on overseas markets and a firmer dollar. Brokers were
      Reuter  -  234 words
    • Article
      Lock icon Good results send shares soaring to record levels
      186 16 |nml London m Reuter SHARE PRICES soared to record levels with sentiment helped by a batch of encouraging trading statements and market liquidity but profit-taking trimmed the advance slightly, dealers said. The broadly based Financial Times-Stock Exchange 100 share index hit a
      Reuter  -  186 words
    • Article
      Friday's selling avalanche wipes out week's gains
      629 16  -  1 I Hongkong .M By TONY MEASOR THE HONGKONG stock market had been struggling higher through the week, making ground much as a mountaineer might cover the higher ranges during an ascent, pausing frequently (or breath. But an avalanche of selling on Friday
      629 words
    • Article
      Lock icon Exchange continues its rally to a new peak
      338 16 Pjji!! Zur '<h j Credit Suisse THE ZURICH stock exchange continued to rally last week with daily surges responsible for pushing the CS Index past its record high of Nov 11 to a new all-time peak of 461.7 on Wednesday. Key factors
      Credit Suisse  -  338 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      439 16 In search of excellence.. wia»rh»: A J than 500 words, and should concentrate on arguments, not individuals. Entries will be judged by the organisers of the award. They will be looking for logic, rather than style, but presentation may be taken into account. To open the essay competition to as
      439 words
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  • COMPANY NEWS
    • Article
      Lock icon The live drama that is Pan-Electric
      548 17 I® mm** HOCK LOCK SIEW SHOCK, HORROR! Pan El in trouble? The unmentionable has now become the sole topic of financial conversation. Never mind the tin crisis, the level of subscriptions for SLA shares or the real percentage of economic contraction this year, here's
      HOCK LOCK SIEW  -  548 words
    • Article
      Raleigh continues to command attention of investors
      424 17 CORPORATE DEVELOPMENTS at Raleigh Bhd continue to generate interest among investors and speculators. Raleigh's share price took off when the stock market picked up two months ago. Even though the price has recently come down in line with weak market conditions, interest in
      424 words
    • Article
      Promoters keep close watch on SIA offer
      605 17  -  By CHAN OI CHEE THE PROMOTERS of the Singapore Airlines public share issue are not particularly pleased with response to the offer so far. The offer which opened on Nov 16 enters its second week and closes on Nov 27. Listing of the
      605 words
    • Article
      Ramuda not entitled to bank rights
      355 17 THE MAJOR shareholder in Killinghall (Malaysia) Bhd, Ramuda Sdn Bhd, has been barred from taking up its stake in Killinghall's proposed restricted offer for sale of rights entitlements in Southern Bank Bhd (SBB). This is because of the recent government ruling that no single
      355 words
    • LATEST
      • Article
        PAN MALAYSIA Cement Works Bhd:
        45 17 Group pre-tax profit of M 56.61 million ($17.38 million) for the six months ended Sep 30, 1985. Directors have declared an interim dividend of 5 per cent (2*/ i cents per 50 cents shares) tax exempt, payable on Jan 15.
        45 words
      • Article
        PAN MALAYSIA RUBBER In- dustries Bhd:
        44 17 Net loss of M 5405,000 (profit of $867,000) for the six months ended Sep 30, 1985. Directors have declared an interim dividend of 10 per cent (5 cents per 50 cents share) less tax, payable on Jan 10.
        44 words
    • Article
      Malayan Cables' takeover of Uniphone approved
      530 17 TWO NEW DEVELOPMENTS Capital Issues Committee's approval for the acquisition of Uniphone Sdn Bhd and the likelihood of more telephone cable orders from Binafon Telecommunications Sdn Bhd have given Malayan Cables a new lease of life. A Malayan Cables spokesman said the coming together
      530 words
    • Article
      LONDON STOCKS
      958 17 SHARES closed below opening record levels last Friday owing to end of the account profit-taking after an active session. At 1530 GMT, the FTSE 100 share index was up five points at 1447.9, having touched a record 1454.4 earlier in the session. The FT 30 share index also
      958 words
    • Article
      COMPANY MEETINGS
      261 17 B0U8TEAD HOLDINGS Berfcad: 24th AGM at Wisma Boustead (4th Floor), 71 Jalan Raja Chilian, Kuala Lumpur tomorrow at noon. KUALA SIDIM RUBBER Ctmpaiy Berhad: 73rd AGM at Wisma Boustead (4th Floor), 71 Jalan Raja Chilian, Kuala Lumpur tomorrow at 11.30 am. MALAKOFF Berfcad: 10th AGM at Wlsma Boustead
      261 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      264 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND IN THE MATTER OF ALFA-PACIFIC CREDIT PTE LTD (In Member*' VetuUry UqaldatiM) At an Extraordinary General Meeting of the Company held on 18th day of November 1985 at No. 35 Selegle Road #10-24 Parklane Shopping Mall, Singapore 0718 the
      264 words
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      Page 17 Advertisements Column 2
      293 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND IN THE MATTER OF VANLEY GARMENT (PTE) LTD (CREDITORB' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of Vanley Garment (Pte) Ltd duly convened and held at 593 Havelock Road #02-01 Teck Huat Chambers, Singapore 0316 on the
      293 words
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      Page 17 Advertisements Column 3
      304 17 THE COMPANIES ACT CAP. 185 T1 SI IN GARMENT PTE. LTD. (In voluntary liquidation) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 163 Tras Street, Lian Huat Building, #09-03, S'pore 0207 on the 20th day of November, 1985, the special resolution
      304 words
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      Page 17 Advertisements Column 4
      135 17 Maintenance Service is Matter. If your $10,000 computer system goes on the blink, you won't laugh. You'd call MASTERCARE. The computer maintenance professionals. We'll respond in two hours. Faster than anyone else in the business. But you'd expect that of MASTERCARE engineers who are recognised to be some of the
      135 words
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  • Article
    Lock icon Cairo troops for Malta
    209 18 Reuter EGYPT sent two planeloads of special forces commandos to Malta yesterday after four security guards were killed on a hijacked Egypt Air plane at Valletta Airport, military sources said. Egyptian authorities also declared a state of emergency in the western region bordering Libya. There was
    Reuter  -  209 words
  • Article
    Tax proposals to spur entrepreneurship
    569 18  -  By CHUANG PECK MING A PACKAGE of proposed tax cuts and changes designed to encourage entrepreneurship in Singapore has been put forward to the Economic Committee headed by Brig-Gen (Res) Lee Hsien Loong. Among them is a suggestion that the laws should be amended to
    569 words
  • Article, Illustration
    Lock icon Pressure for a new round expected at Gatt talks
    404 18 AFP THE 9&-member states, or contracting parties, of the General Agreement on Tariffs and Trade (Gatt) are holding their annual meeting in Geneva today, and are expected to be dominated by pressure for a new round of tar-iff-cutting negotiations. Gatt is
    AFP  -  404 words
  • Article
    Lock icon Brazil wasted US$20b of loans, says study
    210 18 UPI BRAZIL SQUANDERED up to US$2O billion of its $100 billion foreign debt on ill-prepared schemes that will produce little or no returns, according to the preliminary details of a government study. "There is nothing the current government can do but honour this
    UPI  -  210 words
  • Article
    Lock icon Deficit of US$50m for Vatican
    89 18 AFP THE VATICAN is heading for a US$5O million deficit in 1985, compared with an operating shortfall of $33.7 million last year. The figures were released at the end of a plenary session of the sacred college. Participants at the meeting appealed to the faithful
    AFP  -  89 words
  • Article
    Lock icon Hanoi hopes to attract investment with new law
    246 18 UPI VIETNAM IS liberalising its investment law in hopes of attracting its first significant foreign investment since the end of the war, government officials and diplomats have said in Hanoi. In interviews over the weekend, the officials said Vietnam has realised it
    UPI  -  246 words
  • LATE FILE
    • Article
      Lock icon Wolfowitz assures China
      44 18 UPI THE US has reassured China that any agreement with the Soviet Union to reduce nuclear weapons in Europe will not result in an increased threat to Asia, says Paul Wolfowitz, the US Assistant Secretary-of-State for Asia and the Pacific. UPI
      UPI  -  44 words
    • Article
      Lock icon Steps to prevent repeat of Baling
      43 18 Bernama THE Malaysian Home Affairs Ministry is tatring all steps to prevent any repeat of the Baling tragedy by monitoring the activities of all organisations in the country, said Deputy Minister Datuk Radzi Sheikh Ahmad yesterday. Beraama
      Bernama  -  43 words
    • Article
      Lock icon Military training for Filipinos
      30 18 UPI PRESIDENT Ferdinand Marcos yesterday launched a controversial citizens military training programme, saying it would form the nation's "second line of defence" against foreign aggression. UPI
      UPI  -  30 words
    • Article
      Lock icon Iran said to be preparing attack
      35 18 Reuter IRAQ'S defence minister said yesterday that Iran was preparing to mount a massive "human wave" offensive in a bkl to gain ground in the long-running Gulf War. Reuter
      Reuter  -  35 words
    • Article
      Lock icon Israeli planes to continue missions
      33 18 AFP ISRAELI Defence Minister Yitzhak Rabin has said that his country's planes would continue to carry out reconnaissance missions over Lebanon because it was "vital for Israel's security".
      AFP  -  33 words
    • Article
      Lock icon Arafat opens PLO meeting
      31 18 AFP PALESTINE Liberation Organisation chairman Yasser Arafat opened a meeting of the PLO central council in Baghdad yesterday, aimed at defining the organisation's "future political line". AFP
      AFP  -  31 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      270 18 Get your free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available. 1. Australian beef badly beaten 2. Concrete suppliers and contractors make complaints 3. Standard Chartered places Active under receivership 4. One business that may go broke money broking
      270 words
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      Page 18 Advertisements Column 2
      155 18 TO ALL COMPANIES IN SINGAPORE Export Credit Insurance Corporation of Singapore Lid A new range of services is now available at the Export Credit Insurance Corporation of Singapore Ltd to enable local companies to obtain both insurance and financing. The Corporation, which to date has been engaged only in export
      155 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      60 18 Outlook for today: Partly cloudy with showers in several areas in the pre-dawn ond early hours. Report for 24 hours prior to 7 30pm on Nov 24 at th« airport: Maximum temperature 30.8 Associated humidity 65 Minimum temperature 22.5 Associated humidity 98 Hours of sunshine 2.35 1 Roinfall in millimetres
      60 words
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  • SHIPPING TIMES
    • Article
      Privatisation deal may be in sight
      648 19 Parties involved hope to wrap up Port Kelang plan in two weeks KONTENA NASIONAL and the Malaysian Ministry of Transport are hoping to wrap up the privatisation of Port Kelang's container terminal within two weeks. A meeting between the two parties was held last
      648 words
    • Article
      Lock icon IMO proposing anti-piracy moves to take effect next year
      312 19 AFP THE INTERNATIONAL Maritime Organisation (IMO) is proposing measures against piracy, whether politically or criminally motivated, with effect from January. Sources in the organisation said at the end of an IMO meeting in London last week that one of the main
      AFP  -  312 words
    • Article
      Lock icon French company cancels Australian trips over bans
      177 19 AFP A FRENCH company has cancelled three visits to Australia by its liner Mermoz because of union action against the vessel. A spokesman for Paquet French Cruises, Ray Cully said in Sydney that the company had decided never to bring a French ship
      AFP  -  177 words
    • PORT SIDES
      • Article
        Lock icon Talks on coping with slump
        59 19 AFP JAPANESE and South Korean shipbuilding representatives have started talks in Tokyo on prospects for future demand and measures to cope with the current slumping market. Kazuo Maeda, the chairman of the Shipbuilders' Association of Japan, headed the Japanese delegation, while the Korean side was
        AFP  -  59 words
      • Article
        Lock icon CAF increases
        106 19 Reuter MEMBERS of several freight conferences will raise their Currency Adjustment Factor (CAF) because of the yen's recent advance against the dollar. The Japan/Taiwan/Japan Container Freight Conference will raise its CAF to 25 per cent from 22 per cent and the Japan/Philippines Freight Conference to 13 per cent
        Reuter  -  106 words
    • Article
      LONDON FREIGHTS
      1097 20 US COAL fixing to Italy proved the main centre of activity on Thursday on the London shipping freights market that noticeably lacked the usual grain charter volume. Overall business remained too little to harden unseasonally weak rates. A Dreyfus vessel received U555.24 (discharge free) for a 55,000-ton coal
      1,097 words
    • Article, Illustration
      Lock icon Transport gets bigger piece of pie
      942 20 Turkey's development plan includes port expansion FT THE CLICHE that Turkey is a bridge between Europe and the Middle East has particular relevance today, with Turkey's political stability and neutrality in the Gulf war enhancing its attractions as a transit land. According to the
      FT; Source: Turkish Transport Association  -  942 words
    • Article
      Lock icon China to dredge waters of Yangtze River
      271 20 AP CHINA plans to dredge the entire Yangtze River and its 33 tributaries to form a 15,000-km navigation waterway by the year 2000. The project would also modernise ship and transport facilities such as navigation radar systems along Asia's largest river, said the
      AP  -  271 words
    • Article
      INDEX TO ADVERTISERS
      899 20 A Top Ent X 2 Hyundai M V 5 AB Shpg Accofd Shpg V 5 Indogulf Freight V 5 X 2 Interasia Lines VI 1 Afea Line VI 3 Intermarine FE IV 2 Ahrenkiel Liner X 1 Intermaritime IV 3 AC Toepfer X 5 Internave Ag IX
      899 words
    • Article
      New Funnel handling Tec products
      70 20 NEW FUNNEL is senting the Tec Container; range of container spreaders and lashing equipment in South-east Asia and not Blue Funnel as was report' ed in Friday's Shipping Times. The company has been selling the range for the last year and has achieved sales of
      70 words
    • Article
      Lock icon Saudis to build chemical terminal in Yanbu
      180 21 Opecna ARABIAN CHEMICAL Terminals (ATC) will set up a chemical terminal in the industrial city of Yanbu under an agreement to be signed in Jeddah with a consortium of local and foreign companies tomorrow. The US$B.4 million facility, aimed at handling imported bulk
      Opecna  -  180 words
    • Article, Illustration
      Nedlloyd group turning its attention to energy sector
      359 21 THE NETHERLANDS largest shipping group, Nedlloyd, plans to reduce its dependence on maritime activities and build up its involvement in the energy sector. The chairman of the executive board, Mr Koos Groenendijk, told Lloyd's List that this would mean no reduction in
      359 words
    • Article
      SHIP SALES
      873 21 THE SHIPSALE and purchase market remains fairly firm, with improved freight rates prompting a strong demand for tankers, especially around the 80,000-dwt size many of which are being offered for sale by the financiallytroubled Sanko Steamship Company, brokers said. There is also a steady interest in very large
      873 words
    • Article
      A helping hand from freight exhibition
      224 21 AN INTERNATIONAL exhibition and conference on cargo movement, handling, storage and port operation will be held in Singapore next year to help manufacturers, suppliers and contractors focus their effort on the Asian market, particularly China. Asian Freight '86, organised by Technotrend, will be held
      224 words
    • Article
      Lock icon Baghdad reports air strike on naval target off Iran
      121 21 Reuter IRAQI WARPLANES attacked a "large naval target" a term previously applied to oil tankers on Saturday in the Gulf near the Iranian coast. An Iraqi military spokesman announced later that all the Iraqi jets involved had returned safely to base.
      Reuter  -  121 words
    • Article
      SHIPPING EVENTS
      712 23 Nov 26-30 Offshore China '85. Third offshore oil exhibition and conference, Guangzhou, China. Nov 28 Lecture on Liverpool Freeport by Captain B Majumdar, organised by Nautical Institute (North West branch), 1730 hours, B I Ferry. Doc 3-4 Ship fires in the 1980s, 0930 hours, joint Institute of Marine
      712 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3498 26 BSMDIIEB 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
      3,498 words
    • Article
      CONTAINER SCHEDULES
      794 27 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Luna Maersk 8512 25 11 85 2330 Maersk F5 0700-0800/0700-0800 Al/Bl 0800-0900 Fl Chttral 54HW 25 11 85 2359 Eastern M F7 1500-1600 S5 Jannu
      794 words
    • Article
      SHIPS IN PORT
      406 27 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure Keppel Jenhol Larch Melon Queen No 7 Donam Tozan Anshan E'tern Qory Equator 4 G Selatan-8 Hughe verett Posir Panjang Bagur Sonno Maru Success 5 Ares II Burung 3003 Dhonakulht Fukuzaki Maru Giso Maru 8 Guld Daoud Koki Maru
      406 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      926 19 t Monthly from Pitman Available at all good i bookshops and newsagents Tip Times 111 lly* Distributors w w. Orient Overseas C<mtcu*m Line Agents: MOW SHPfMS MENCKS (lUf. 242t64/00K) 70 Slwnton Wiy *04 03 *a»mj Houw S«|»pott 0707 let ***** T«n NO RS ***** CfS Offtt TPC #***** Tf» *****31
      926 words
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      Page 19 Advertisements Column 2
      61 19 \mm Turkey's tronsport ond communications sector will absorb 33 per cent of its investment budget next yeor. Page II Nedlloyd plans to reduce its dependence on maritime activities and build up its involvement in the energy sector. Page 111 Index to advertisers II Shipping Events V London freight II Shipping
      61 words
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      Page 19 Advertisements Column 3
      1103 19 IN SINGAPORE: 778-6522 PROFESSIONAL INTERNATIONAL FREIGHT FORWARDING IN MALAYSIA. 558-955: -UA//C- MAERSK LINE KEEP YOUB APPLES FBESH TACOM TO g« /W FASTEST TRANSIT 23 S" pore EXPORT TO USA. EUROPE. MIDDLE EAST. WEST AFRICA ASIA Singapore Clow* Tunes CT 25/11 1500 MRS To California US Gulf US Atlantic East Cana
      1,103 words
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      Page 20 Advertisements Column 1
      414 20 m Y.S. LINE YAMASHITA-SHINNIHON LINE CONTAINER SERVICES Vessel MARIA MIS ACE FAMIV ACE GIORY ACE Acceptinf FCI shipment* to: Iran, Afghanistan, E. Germany, Bettum. Finland, Hungary Rumania. Butfaria. Poland. Yujoslavia, Czechoslovakia. W. Germany, Norway, Sweden, Demur*, Switzerland. Austria Malaysian Bkg Agents: Anglo-French Trading (M) Sdn Bhd HE* Pan Asia Line:
      414 words
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      Page 20 Advertisements Column 2
      237 20 .:^vT7?7r Supercarrier Service fTT^TI NEXT ARRIVALSN ROCHESTER 27/11. BARBER TO6A 27/11 N ROTTERDAM 15/12 BARBER TAMPA 15/12 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA 15/1 13/1 27/12 7/1 15/1 7/2 Mm accept* canto tar Houston (MLB). I fimcact. Oakland Stockton and Sar Diego na L. Angeles Charleston w
      237 words
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      Page 21 Advertisements Column 1
      1000 21 The Straits Steamship Group Mansfield Container Shipping Pte Ltd Overseas Containers Limited if j STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok OSAKA BAY BUI MEN EXPRESS BENAVON HONC KONG EXPRESS BENAIDER CITY Of EDINBURGH FRANKFURT EXPRESS HAMBURG EXPRESS OSAKA BAY KASUGA MARU Also Accepting Hamtaj to Rotterdam
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      Page 21 Advertisements Column 2
      900 21 NOTICE f STRAITS/ BOMBAY/ KARACHI GULF CONFERENCE NOTICE TO SHIPPERS EXTRA RISK INSURANCE SURCHARGE Shippers are hereby notified that the Extra Risk Insurance Surcharge (ERIS) would be revised as follows effective 25 November 1985 (a) From 3.5% to 3% for shipments to NonIranian/ Non-Iraqi Gulf Ports. (b) From 4% 'minimum'
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      Page 22 Advertisements Column 1
      385 22 P5 Hapag-Lloyd TO CONTINENT/UK EXPORTS On carriage to Scandinavia, Med. Carribean S. America Inland haulage to inland destinations in Europe S pot; PKelanf Penang leiwesßdbao Genoa Hburg Rdam Bha«en A werp £tha Rxrkmers 1/12 4/12 f/1 30,12- 15/1 Pete. Rickmefs 7/12 9/12 5/1 1«/1 12/1 IS/1 »/l Konkar Thettm 19/12
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      Page 22 Advertisements Column 2
      389 22 Slime FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ T A Member ot the Ace Comortum KOREAN lACEHN 31* NEPTU* CRYSIAI 32W KOW UN CHANCf ?4W SEWN SMS BRIDGE S pore PKetanj leHavre R dam f stone H butj Antwerp ?> 11 11' lb 1? 1/ 1? 19 1? ?1 I?
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      Page 22 Advertisements Column 3
      702 22 Hal Sun Hup Co (Pte) Ltd TEL: *****06 (20 Lines) TLX R*****1 4 R*****2 KASTKKN < \H I.INKU. I.TI>. Specialist in RO/RO Service Accepting heavy-lifts upto 80 K/Tons Sailings from Japan Vessel S P Relinf SI HI NAGOYA V 35 27 Not n No. SOUTHERN CROSS VM JO No. 2
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      Page 22 Advertisements Column 4
      630 22 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) USO ACCEPTMG ICI ECL I FCI PCI 10 GOIKWURC AARHUS COPENHAGEN OSLO SIOCKHOIM. XL SMI BREMEN BREMERHAVEN W HAMBURG LONDON SOUIHAMPION MANCHESTER BRMMGHAM LIVERPOOL. GLASGOW MA FELIXSTOWE AMSTERDAM VIA ROTTERDAM US WEST COAST SERVICE FEEDER VSL
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      Page 22 Advertisements Column 5
      331 22 US I NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Sinfapore loadnf for 30/11 B Abbas. B. KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC OCEANA QUEEN PORT KEIANG PENANG Smfapore Loadmf for 13/12 Jaya, Lac. P Moresby Honiara. Kieta. Rafcaul smosr MARITIME PTE LTD TEI
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      Page 23 Advertisements Column 1
      668 23 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 MID. S.E.A. CONTAINERS PTE LTD. (FULL CONTAINER SERVICE) JAKARTA VOY IS4I VOY 1549 INDONESIA SERVICE MV SEA HAWK (EVERY WEDNESDAY] ETA SMGAPORE 27 NOV ETA JAKARTA 30 NOV HA SMGAPORE 4 DEC I ETA JAKARTA 7 DEC
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      Page 23 Advertisements Column 2
      845 23 BLC BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT Osaka Bat Bremen Eipress Benaron Horifkonj Eipress Benalder Cit» at f drtwfh lirttvl lipieu Hamtow| I lprpss Osaka Bar EXPRESS CONTAINER SERVICE FROM UK/CONTINENT Benanon Saded Hooftanj Eipress Saded Benalder S aded Cit» ol 25/11 Kitano Maru 27/11 Himtxxj Eipress 11/12
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      Page 23 Advertisements Column 3
      675 23 DJAKARTA LLOYD INDONESIAN NATIONAL LINF FAR EAST TO/FROM S PORE CONTAINER SERVICE BUSAN YOKOHAMA KOK MOHSAJNC HK S POM GOWA *?S MB 27-23/11 25 26/11 27/11 1-2/12 3/12 1/12 S PORE TO JAKARTA/SURABAYA CONTAINER SERVICE STOW IPSK* SURABAYA BUSAN GORA 12i HB 1/12 J/12 13/12 22/12 CONVENTIONAL SAILING DIRECT TO
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      Page 23 Advertisements Column 4
      687 23 BOUSTEAD SHIPPING AGENCIES IB" BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon Spore 27/29 Nov Phashwefyawywa V26OW 26/28 Nov Lashio V 52 30/1 Dec Lo*aw VlO5 28/29 Nov Pa an VB9* 8/10 Dec Pagan V93W 12/14 Dec 4/5 Dec BANK LINE EXPRESS SEMI-CONTAINER SERVICE TO UK/CONT MfADOWBANK
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      1188 24 USA CANADA ATLANTIC COAST (Round The World Service) SjKLINE KAWASAKI KISEN KAISHA. LTD. ORIENTAL KNIGHT V 24 NEPTUH CORAL V? NEPTUNE CONCORD VOB OR# NT At DIPLOMAT V 24 PACIFIC COAST (Including DRSTINATIONS INLAND via IPI MICROBRIDUK MINILANI) BKIIKiK) FEEDER MOTHER VESSEL SEVEN SEAS BROGE VS2E OREGON BRIDGE V 6
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      Page 24 Advertisements Column 2
      524 24 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers jpmr P FVnai<[ I lot lURIGA 4 Dec 2 Dec Madr« B 4r* Hjldu CafcutU KAIB4S 9 Dec Bombi. C*l ABAR 16D*i 14 Dec Madraj B deili Hal*a Calcutta lAMDAS 4 lan Colombo Bombat RAVDAS 10
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      Page 24 Advertisements Column 3
      478 24 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD Kiting li»ij Proincul Bjr* buMm( 60 Cecd Sti*H SMGAPOM 0104 HI ******0 (10 LIMSi P Kfling 03 3«?%1 P»nanj 04 6?S4SI Pisii Gu4an( Ajwrt ORIENT lIOYD (Ml SON BHD lil 07 *****# 1 STRAITS/PERSIAN GULF SERVICE: GOIDEN HA WIN COIMN 61AP IW> Oubi'
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      Page 24 Advertisements Column 4
      521 24 4* INTRASEA (PTE) LTD. 10 Anson Road *27 16 International Plaza Singapore 0207 Tel *****1 1 (10 Lines) BREAKBULK SERVICE TO EUROPE/UK B GESURI LLOYD BULK SERVICE SABAH INDON K TAN LOAMNG FOR M. BREEZE 4 Dec 4 Dec Hodeidah. Jeddah. Aqaba STORE SABAH ROOM LOAMNG FOR N LEADER 22
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      Page 25 Advertisements Column 1
      1134 25 44 4 "pT NEPTUNE AGENOES PTE LTD V\ Wkm m II lei No othce Ternwal CFS BOOKINGS *****77 1 \\WT *****77 *****2? *****53 OR WRfCI lINIS *****53 *****42 13MMh sssss ss V NEPTUNE ORIENT LINES LTD Iffil E »S 2S tZ FOR TPA/SEA/SAS SERVICE ONLY P k elan# NEPtINE SON
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      Page 25 Advertisements Column 2
      704 25 sp<*i »r4Nts NEPTUNE AGENCIES PTE I ID TH ?;«9977 ***** 34 (Booking) ???7MO (Operations) ????457/??09?M (Terminal) ??Q?4SO ??0?S04 (CFS) Mil mil tUNIS TUNAS SCTIA SON BHD Kl TH *****0 414?44 PK Tel *****4 PENTH 36/3/ V *****b S~\ CEYLON SHIPPING COfiPN National Line of Sri Lanka FULLY CONTAINERISED SERVICE TO
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      Page 25 Advertisements Column 3
      999 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. KELANG PENANG M/S SHARKAT NAH SOON SON. BHD IST AND 2ND FLOOR. MESSRS HAI THONG SHTPMG 127 Penang
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      Page 25 Advertisements Column 4
      119 25 K&S LINE JAPAN STRAITS SERVICE GEIOAI SURVEY SANKYO LINE (S) PTE. LTD. 37. Som«n«t Ro*d. *0601, Ng Ttow Yh«« Bldg S por* 0923 T«l 235 8444 (4 lino*) Port liji Pru S»*pp»n Sdri BNt 03 3190?* S Pffijoj Mjljrsu trjlf K Ifjniporf ltd If' 6/893 I 637?S Piv« Gurlmj Mjluvjr
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      Page 26 Advertisements Column 1
      762 26 ■r Kv{|i<Hinl CMtaiwsr l-iiws SINGAPORE BANGKOK SERVICE S'PORE SOUTH THAILAND SERVICE VESSEL VOY ETA/SINGAPORE ETA/SONGKLA RATANA BHUM 381 2S Nov 2/3 Dk RAT ANA BHUM 49N SDK 11/14 DM RATANA BHUM SON 19 Dk 25/28 D*c RATANA BHUM 51N 26/28 Dk 29/30 DK SINGAPORE SHPPHG COKPN LMTED MARKETING TEL: *****68
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  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      177 26 m Va U Regional Weather m I w m r A a Fa rV "A m zs Ya M w IrBBPS? s; r ±>2 V 1 £i K C yA cr* Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND:
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      Page 27 Advertisements Column 1
      129 27 MBC AGENCES K. LUMPUR P. KELANG PENAAG P. GUDANG j. BAHARU LEOSMP SPORE *****88/*****56/*****48/*****93 *****1/4 TERHNAL *****1/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 *****8/*****8/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE nnrr—i,:if frrw I l 'li), I ."'WrtfTMCTTiI nml H'll/V'-TTTTniJ i ■Mir; «i3aß3 JSSMitllllEiTMkHMi'iTM CEHEH BXEI Q23 ESS BEfl i i nr: mWIETITIM iicn ArrrpTun FOB
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      Page 27 Advertisements Column 2
      192 27 LUCKY SEAWAY SERVICES 89 Short Street #10 07/08 Golden Woll Auto Centre, S pore, 0718 Tel *****55 Tlx ***** Tel *****/*****6 Tlx MA ***** Seaway S PORE TO COLOMBO/BOMBAY ETA Colombo Bombay PENTA V 6 Dec 18 Dec S PORE TO EAST WEST MALAYSIA Vessel ETA PK PNG SABAH FONG
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      Page 27 Advertisements Column 3
      357 27 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* 6 VESSELS OF LOG CARRERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON REGULAR LMER SERVICE FROM TAIWAN TO SMGAPORE AND W. MALAYSIA BULK CARGO FROM SOUTH-EAST-ASIA TO TAIWAN, HONGKONG AND THALAND.
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      Page 28 Advertisements Column 1
      534 28 fK emmm ttssszsr TO: EUROPE TG MAM S POM Sid SU FROM EUROPE: PENANG P KEIANG SPOtt BKK FROM 77 D« 810 Dec 11/12 Dec 14 18 Dec ROAM BMEN WG MOP AGENTS: LEO SHIPPING PTE. LTD. SINGAPORE *****22 FARYS MARITIME SERVICES SDN BHD KUALA LUMPUR: *****3/*****1/*****0 PORT KELANG: *****1/*****1/*****0/*****1
      534 words
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      Page 28 Advertisements Column 2
      558 28 HEAP SENG TRADING SHIPPING PTE LTD 6001 BEACH ROAD *43-01 GOLDEN MILE TOWER SINGAPORE 0719 TEL NO. *****44 (3 LINES) TLX NO. RS ***** HEAPCO FULL CONTAINER SERVICETO PORTKELANG/ PENANC DIRECT WEEKLY CONVENTIONAL/CONTAINER VESSELS VOY "0 SPORE iAMPUNG 134,«5 hl' 29 •*>* lAMPUNG 135 15 b Dec 9 lAMPUNG 136<»5
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      Page 28 Advertisements Column 3
      569 28 C.Y. LINE (A Member Of The ACE Consortium) CHO YANG SHIPPING CO. LTD FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) S port ItHjruf Rd«n F stoat H'bw| Br«n Antaerp KOREAN IACfHN 31W 27/11 16/12 17/1? 19/12 21/12 22/12 NEPTUNE CRYSTAL 32* 4/12 23/12 24/12 27/12 25/12 30 12 31/12 KOREAN
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      Page 28 Advertisements Column 4
      933 28 pnn rnuDAuiA dcdium* nr uiDnorrc /r d u fe COMPANIA PERUANA DE VAPOREES (C.P.V.) "PERUVIAN STATE LINE" t. Cjlljc' M.i'jfjni Ik* jnd *11 oW*h Ptfutun ports w*t\ If4nshipff*nt Hot* i): CPV ffetK of I jd«i» to tinal dfStintftK»« Peiunf* P Manf S«i{apore HUGHEVERETT "20/26 Nov MANOLOEVERETT 2/3 Dec JOHNEVERETT 6/1
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      Page 28 Advertisements Column 5
      381 28 ZIM NON-CONFERENCE ICEPENDENT PULL CONTAfO SERVICE FCL/ia cjffoes to US* East t West Coast. Carrfcbeanlast Canada and HAITI m hongkonc lU HONGKONG m TOKYO m KEUUNG )1K 111:« ZIM EILAT CONTAINER LINE Spore Uat Tnnte Kmc P»a«« AM KAOHSKJNG 24,11 11/1? 21/12 22/12 U/I2 K/W m srwfr 11/12 27/12 7/1
      381 words