The Business Times, 27 November 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 WEDNESDAY, NOVEMBER 27, 1185 75 CENTS
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  • 494 1  -  Survey calls for review of the economics of public sector competition By ELAINE KOH GROWING COMPETITION from the public sector has been pin-pointed as the major problem now facing hard-pressed building consultancy services in a report commissioned by the five professional bodies which represent the industry.
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  • 249 1 Reuter AUSTRALIA might use its export control powers to block bauxite and alumina exports from the Australian/Swiss Gove venture because sales contracts were negotiated at unreasonably low prices, Trade Minister John Dawkins said. The Gove project is owned 70 per cent by Alusuisse
    Reuter  -  249 words
  • 243 1 AP CHINESE AND BRITISH officials opened four days of talks on Hongkong yesterday that may include a debate on the pace and scope of political reforms being carried out in the British colony. The second session of the Sino-British joint liaison group met
    AP  -  243 words
  • 313 1 Mnouamc THERE IS NOW a strong possibility that Pan-Electric Industries will be ready to issue its long-awaited statement on a debt rescheduling plan tomorrow. "We hope to be able to make an announcement by Thursday," a banker involved in putting together the package said. "As
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  • 385 1 THE OFFER of shares in Singapore Airlines closes at noon today, but last night there was no indication of how much the uncertainty in the stock market had affected the local response. DBS Bank, which is handling the 100 million $5 a share
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  • 102 1 AP THE JAPANESE government has accepted for the first time inspection data supplied by a foreign testing company, a "major step" toward reducing the lengthy inspections that have been required for imported goods. The Ministry of International Trade and Industry accepted data from the Chicago-based
    AP  -  102 words
  • 298 1 SHARE PRICES on the Singapore stock market went into a free fall yesterday afternoon taking the Straits Times Industrial Index down 11.63 points to 717.60. The index is now at its lowest level since Jan 6, 1963, when it touched 716.38. Investors' nerves have been
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  • 45 1 IF PAN-EL had bees included la the ealealatlea «C the ST iaiex baaed ea its grey market price ef 75 ceate yeaterday, (ram a are-cmspea-sftea price ef $1.41, the iadex weald have shewn a drop ef l&Jf petals la 71IJTC.
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  • 339 1 A NEW EXXON Chemical facility to manufacture calcium sulphonate at its fuels additives plant in Singapore by mid-1987 will be the first of its kind in South-east Asia. The company said yesterday it was investing another $40 million in the chemical unit and in new
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  • 294 1  -  By LOH HUI YIN AN AMICABLE SOLUTION to the short-lived dispute between Malaysia and Singapore over taxation on foodstuffs is expected to be completed tomorrow. The Malaysian government is due to announce that direct imports of 13 types of foodstuffs will
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  • Page 1 Advertisements
    • 116 1 Most widely used in Singapore. TACNd33J-MF9« OciT^com ypyrerm r>T E ltd T p l 743 5555 Carte Blanche Card >6ur Ticket to fly the Concorde and sail the QE2 To win, simply recommend your friends and associates for Carte Blanche card. If you aren't a member yet, apply today so
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    • 262 1 SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE CROSSWORDS TV A RADIO DOONESBURY OUR VIEW THE ENDING OF THE MCA leadership tussle has removed a dark cloud over Malaysian politics and paved the way for the consolidation of the country's key Chinese party. For the moment, the healing ministry
      262 words
    • 81 1 Full report, Pay* 13 International stocks, Paga 10 Aaian stocks, Paga 11 The Good Life at a Good Price ¥l TP. One- and two- apartments Fully furnished and air-conditioned Full domestic housekeeping services Free recreation club membership Seven restaurants In-house bank and department store Free parking Convenient location Panoramic view
      81 words
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  • HOME NEWS
    • 385 2  -  By SHAHRIR ARIFF POLYURETHANE systems house Hager Kassner (Asia) Mfg Pte Ltd plans to capture about 30 per cent of the polyurethane market in South-east Asia worth 8,000 to 10,000 tonnes a year within five years. The 50:50 joint venture between Hager k Kassner GmbH of Germany
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    • 340 2 SALES OF new cars appear to have stabilised at rock bottom. Figures from the Motor Traders Association of Singapore yesterday show that car sales of all its members averaged 835 between July and September. Total car sales in the period amounted to 2,506,
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    • 209 2 THE AIR FREIGHT alone for this Czech fir Christmas tree cost $20,000. It had to be sawn in half to fit into a Czechoslovak Airlines plane to get here, but it was all for
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    • 277 2 A "BIG BOOM" in sales of machine-cut glass stones and beads has persuaded a Czech costume Jewellery manufacturer to launch a $200,000 promotion project in Singapore. Jablonex, one of the world's biggest exporters of costume Jewellery and stones, exports over |6 million worth
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    • 138 2 A HEALTHY and safe working environment leads to improved productivity. This is what the National Safety Council of Singapore hopes to convey in a seminar on Office Health and Productivity in January. Topics for the seminar include office ergonomics, work design, Job stress, executive health, sickness absence
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    • 200 2 THE OPTICAL Instrument industry continues to thrive with demand still quite brisk, particularly for military optical elements and products. This has led some optical companies to invest further to expand and upgrade operations, said Economic Development Board chairman, Mr PY Hwang, yesterday. He was speaking
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    • 428 3 THE KIS fast-photograph processing group is making a comeback in Singapore, six months after its former franchisee was wound up. "We are making a restart," announced KlS's new local managing director Philippe Dardel yesterday. Six months ago, the company that ran the KlSPhoto Express chain
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    • 234 3 A $3-MILLION advertising and promotion campaign is putting cultured milk drink producer Yakult on the road to financial recovery. The company, which has seen average annual losses of (1 million since it was first set up in Singapore in 1979, expects to reduce
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    • 218 3 A VACCINE against Aids can be expected in the next five to 10 years but by then the vaccine might be obsolete because the Aids virus is changing and evolving all the time. This warning came yesterday from Professor Jean-Claude Chermann, the
      218 words
    • 132 3 HOTEL MERIDIEN Orchard, Printemps Department Store and four shopping complexes are spending about $40,000 on entertainment in December to draw the Christmas shoppers. "We have to generate interest in this part of Orchard Road," said a spokeswoman for Hotel Meridien. The Christmas crowds
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    • 581 3  -  By MARGARET THOMAS DR ALINE WONG, the MP for Changkat, has urged the government to think about a sex discrimination act. Such a law is needed because "the spirit of equality as enshrined in the Women's Charter gets forgotten from time to time", she
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    • 152 3 MANUFACTURERS are not buckling under the pressures of the recession but are using the slack period to upgrade their operations, said the chairman of the Singapore Manufacturers' Association. "As a representative of the manufacturing sector, I see management making full use
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    • 69 3 A JOINT fire exercise will be carried out on the premises of the Singapore Fire Service and the Fire Safety Personnel of Beecham Pharmaceutical Pte Ltd today at 9.30 am. About 50 fire officers and men from four fire stations from Central, Alexandra, Bukit Timah and Jurong will
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    • 215 3  -  By LUCY NG LEGAL ACTION has been taken to wind up Safeway Fast Food and City Carton Co Pte Ltd, which are already in receivership. Safeway Fast Food, which once held the Hardee's and Baskin Robbins franchises, faces a winding-up petition initiated by advertising
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  • Page 2 Advertisements
    • 629 2 Analysis and experts have a tot to say about the Apollo Domain r -pr y T;The Apollo Domain* system is the computer industry's only known example of powerful 32-bit dedicated workstations, each with the computer power of a mainframe that lets users transparently share both information and resources across a
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    • 114 2 WORLD'S FINEST WHOLE-BEAN COFFEE •*V N r Mk i BONCAFE is 100% pure, freshly roasted, choice coffee beans from the key regions of Costa Rica. Colombia, Brazil and Kenya. Packed in a special gold foil bag to seal in the original freshness of good coffee. And ground only as and
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  • Page 3 Advertisements
    • 406 3 Professionalism Cannot be Taken Lightly. If you are going to entrust your expensive computer system to someone for maintenance or repair, he'd better be professional. MASTERCARE. The computer maintenance professionals. Our engineers are recognised as some of the best in the business. At their command are the most advanced lab
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    • 76 3 s^sStWhat's the Tandoor got to crow about? Tandoori chickcn and a Northern Indian cuisine that takes a rare breed to make out the difference. New Delhi's Ghazal singer, Masoom Thakur, and his artistes entertain nightly except Monday. For reservations call 733 8333. Dining Hours: 12:00- 2:3opm Lunch 6:30 11:00pm Dinner
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  • OVERSEAS
    • 531 4 Reuter THE WORLD trade organisation Gatt has opened its week-long annual session with a chilling warning that the global trade system may be heading for disaster. Chairman Felipe Jaramillo told representatives from the 90 signatory nations to the General Agreement on Tariffs
      Reuter  -  531 words
    • 266 4 AP A NEW STUDY urges the administration of US President Reagan to exercise effort to get international agreement on a temporary ban against new barriers to world trade in services. Such trade is now estimated to be worth US$4OO billion
      AP  -  266 words
    • 115 4 AFP BUOYANT US economic activity should continue next year thanks to consumer spending, and a recession is not even on the horizon. Beryl Sprinkel, the chief presidential economic adviser, said in an interview in Washington on Monday that recessions occurred not because recoveries ran out of
      AFP  -  115 words
    • 105 4 UPI MEXICO will begin negotiations to enter Gatt, the Geneva-based multi-lateral trade organisation. President Miguel de la Madrid instructed the Commerce Ministry to initiate negotiations with Gatt because of the "weakening" of Mexico's international economic relations, an official statement said on Monday. He said Mexico's
      UPI  -  105 words
    • 117 4 Reuter THE US has offered to increase the amount of semi-finished steel imports it will accept from the European Community in hopes of reaching an accord on shipments into the country, according to trade sources. Specialty steel is not covered by the broader
      Reuter  -  117 words
    • 85 4 AFP MUSIC IS MORE of a thrill than sex. In fact, most people get more thrills from a good movie or opera, according to a study released on Monday. Avram Goldstein, a Stanford University pharmacologist who studies the preparation, qualities and uses of drugs, analysed the
      AFP  -  85 words
    • 364 4 UPI PRESIDENT REAGAN fended off questions about the storming of the Egyptian hijacked airliner and tax reform on Monday, preferring to focus instead on a white 27-kg Minnesota turkey in the Rose Garden. On the eve of his departure for a Thanksgiving holiday stay at his
      UPI  -  364 words
    • 332 5 UPI OIL PRICES will continue their downward plunge for at least the next several years, in spite of a drop in oil stockpiles and an increased demand for energy, experts agreed on Monday at an oil price symposium in Alaska. All Ave
      UPI  -  332 words
    • 788 5 ARRIVALS Operator Service Local From number t'me OA OA471 0030 ATH SIA SQ1I 0125 LAX/TYO PAA PA21/5 0155 LAX/TYO/HKG SIA SQ4I 0615 MAA CAL CI010 0740 JED/DHA MAS MH681 0820 KUL KAL KE624 0850 KUL MAS MH603 0905 KUL MAS MH67I 0935 KUL MAS MH811 0940 PEN
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    • 232 5 AFP BRITAIN has evaded its responsibility to British nationals in Hongkong because of a "pathological fear" of non-white immigration, according to a report published in London on Monday. The belief that the majority of people will want to leave Hongkong
      AFP  -  232 words
    • 333 5 AP Reuter NOW THAT THE prosecution of two French espionage agents in New Zealand is over, the political phase is beginning, Premier Laurent Fabius said on Monday. Ma) Alain Mafart and Capt Dominique Prieur, both members of the General Directorate for External Security,
      AP; Reuter  -  333 words
    • 299 5 AP KING HASSAN II of Morocco is ready to meet Israeli Prime Minister Shimon Peres (or direct talks on a Middle East peace settlement, provided the Israeli leader has "serious proposals" to put forward. In Tel Aviv, Mr Peres indicated he favoured the idea. Mr
      AP  -  299 words
    • 88 5 AFP PRESIDENT RONALD REAGAN am Monday signed a law putting off a US$l.9 billion US arms sale to Jardan unless Jordan opens direct negotiations with Israel before then. Mr Reagan said he was bowing to the will of Congress in deferring tht sale, and
      AFP  -  88 words
  • Page 4 Advertisements
    • 535 4 t mmm i i Three new IBM printers. Same quality impressioa Now IBM makds choosing a personal computer printer a very personal choice. With a family of outstanding new printers designed to be as versatile as your printing needs. First, there's our new IBM Proprinter. A rugged, easy-to-use, lightweight printer
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  • Page 4 Miscellaneous
    • 62 4 Doonesbury i n r*> m t. w a I 0 i I 1 ■> gie «£LL, rfSTH£H\GHU6HTOFIH£ Homees socMseAsoN, Mew. HOTTURKE/.CMNB&KY SAUCS. THCMX&! ANPOAMSBMP ISGOIN6TDPLAY! xss s?;Qi 5 M if J 1 K *****^ SB BY GARRY TRUDEAU THEYPO MUSIC IS MY RIB, MOZART, fig. VAN HALEN, i THAT SORT
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  • Page 5 Advertisements
    • 190 5 Am Clipper Class. For The Price Of An Economy Ticket. A\ I*l, KNctwnor Road, 103-11, Uk COMMMCtIIONmitD T* *****26 (8 Unas) NISSEI Japan NO 150 Automatic Telephone Dialer—One Touch Will Get You Through To The Phone No You Want, up to 64 memories m f>.r" DstNOW $295/SAVE $100/Promotional Offer TAS
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    • 57 5 CAMUS XO ELECTED THE BEST a ii m a Pnxu«.vr CAWCS LA GKAWM HMQIt S* Entered l/V- cahos mrpwATioiuu. V > THIS [S TO CERTIFY th«t the above fewd m made after analyse and blind tasting is full International GooptUioo mm! in accordance with the IWSC Index "N «*4K V
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  • RAW MATERIALS
    • 148 6 Chinese Produce Exchange (Setters' noon closing prices on No* 26 (SS/100 kg) Coconut oil A*. FOB OkJ drum FOB New drurri FOB 70.00 83.00 87 00 Copro Mixed (loose) 36 buyers Pepper Muntok White FOB,NLW Sarawak White FOB toq NLW Sarawak icecial black FOB NLW Sardwok A&ta black
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    • 169 6 MALAYSIAN crude palm oil prices closed firmer yesterday on further covering and speculative buying, extending last week's firmness. The rise in price was attributed to the current seasonal low palm oil output talk of covering activity for export commitments. November deliveries in the central region firmed Ms2s to
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    • 276 6 Singapore (S$/kilo, ei-godown) Fragrant new crop 1st 0 76 2nd 058 3rd 0.56 N«w Crop 25% no stock 10% no stock Thai Broken A-super 052 Special 050 Thai Rice 55% no stock China Rice 10% no stock 15% 069 25% no stock 35% no stock Thai Boiled Rice 5%
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    • 197 6 WHEAT FUTURES on the Chicago Board of Trade closed 5Vi to IVi US cents a bushel lower on Monday. December recovered slightly and ended near the middle of an 8 -cent range. Cargill and LD Commodity bought December late to lift values somewhat, but that only partially offset heavy
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    • 231 6 SINGAPORE The market closed slightly higher yesterday with December One RSS buyers quoted at 152.50 cents a kg, up 0.75 cents from Monday. The morning session gained 0.50 cent on shortcovering interest, which was carried through in quiet afternoon trading to push prices marginally higher. MALAYSIA The market closed
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    • 196 6 SOYBEAN futures on the Chicago Board of Trade closed six to 3V« US cents a bushel lower on Monday. January ended near the top of a 7V*-cent range. The market moved down to its greatest loss early as futures discounted the most recent change in US congressional farm legislation.
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    • 177 6 Yarn (hi HK$ per bote e* 400 lb) China carded yarn, cones Blue Phoenix 16's 2,450 Bk>e Phoenix 20's 2,600 Blue Phoenix 32's 2,950 Blue Phoenix 40's 3,300 Carded yarn, Hank Blue Phoenix 21's 2,750 Combed yorn, cones Btue Phoenix 32'* 4,300 Blue Phoenix 40"s 4,500 Open-end yarn Bkie
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    • 462 6 COFFEE Robusta coffee futures continued weak to midday yesterday with losses from Monday night of £12 to £32 a tonne. At midday, second position January was £26 down from the previous close at £1,845 in a £1,865/£1,841 high/low. Spot November was £12 lower at £1,812 and March £32
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    • 321 6 RAS prices in S c«nt*/kg, FOt in kx aWs NOON CLOSE Bvy#rs S^Urt Bu r*n SeMers Int 1 RSS Prompt 151.75 I52.75N 152 00 153 00N Int 1 RSS Dec 85 152 25 152 75 152 50 153 00 Int 1 RSS Jon 86 154 50 155
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    • 14 6 i KL TIN Price Turnover (tonnes) Clowng pncM «i No* 26 (M$/k«) Suspended Suspended
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    • 108 6 (cents/kg, 1-ton pallet?) gj JAN 86 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 147 00 149 OON 148 00 150 OON* SSR 50 145 00 I47 00N 146 00 148 OON MRELB Buyers Sellers Buyers Sellers SMR CV 206 00 208
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  • Page 6 Advertisements
    • 623 6 m Instant success. 4g "•'U' The new Vectra PC from Hewlett-Packard. There's nothing quite like success. And the faster it comes the sweeter it tastes. That's why the versatile new Vectra personal computer horn Hewlett-Packard represents such a perfect fit for your business. Because while it's fully compatible with the
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    • 108 6 THE EQUATORIAL KUALA LUMPUR, A GREAT PLACE TO COME HOME TO FOR A GREAT DEAL LESS AT Enjoy the warm attentive sen ice and the complete amenities we have for a great sta\ 300 superb nxxro and Suites Talk of Ihe town restaurants. The (Chalet (continental). l he kampat fit
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  • TRAINING & DEVELOPMENT
    • 326 7 Seminars and Courses w~r is ■p IaI JH33EEE3I DURATION TITLE VENUE ORGANISER TELEPHONE Nov 28-30 Robotic Vision and French-Singapore French-Singapore *****00 Artificial Intelligence Institute Institute of '85 Computer, Automation and Electronics T echnologies Dec 3 Investment and Taxation Oberoi Imperial Asian-Pacific Tax *****54 of Foreign Companies Hotel and
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    • 538 7  -  By ELAINE KOH RETRAINING SCHEMES for retrenched workers in the marine industry are in the offing, if tripartite discussions run smoothly. Talks were initiated by the Singapore Association of Shipbuilders and Repairers (Sasar) and the Shipbuilding and Marine Engineering Employees Union
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    • 225 7 ABOUT 20 entrepreneurs and managers from small and me-dium-sized companies from the Asean countries will learn all about the microcomputer and its uses at a special technical workshop today. The training programme, held at the York Hotel, aims to educate the participants in the
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    • 135 7 MORE THAN 5,400 Vocational and Industrial Training Board trainees received certificates yesterday at the VITB Graduation Ceremony 1985, bringing to 73,098 the total number of trainees who have completed full-time courses at the board. Among the 5,441 yesterday were 70 trainees who
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    • 245 7 NESTLE (S) Pte Ltd is now inviting applications from medical researcher» to do work under the Nestle Nutrition Research Grant. The amount of funds granted depends on the project which should be related to infant nutrition and development. The Nestle grant is
      245 words
  • Page 7 Advertisements
    • 303 7 Is Singapore too straight for this? The title "Quattro" means four wheel drive. Which essentially means that this Audi goes around corners better than a standard rear wheel drive or front wheel drive car. A feature you may think redundant for motoring along the PIE, CTE, ECP or our new
      303 words
    • 433 7 variety is the soul of pleasure." If variety is the soul of pleasure, then The Marco Polo, with two of Singapore's best restaurants under its roof, is the spice of life. For nowhere else is Christmas more joyful andcaringthan hereatTheMarcoPolo. This season, as always, there's a variety of celebratory styles
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  • FEATURES
    • 474 8 THE ENDING of the leadership tussle in the Malaysian Chinese Association has removed a dark cloud over Malaysian politics and paved the way for consolidation and reorganisation of the country's key Chinese party. Factional infighting, particularly in the last 20 months, and the need
      474 words
    • 1472 8  -  Singapore plans to launch an unlisted securities market in the middle of next year. GEORGE THIA, a merchant banker, explains the financial implications on small- and medium-size firms. GEORGE THIA PLANS TO LAUNCH Singapore's second securities market next year also known as the unlisted securities market
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    • 1009 8  -  Viewpoint By SWARAN KAPUR SMOKERS ARE LEMMINGS. Lemmings? Yes, those Arctic Ocean rodents which, of their own free will, walk into the sea at a certain stage of their lives and commit suicide by drowning. They seem to have a compulsive death wish something driving them
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  • Page 8 Advertisements
    • 51 8 Lufthansa to Ftankfurt. The world connection. Lufthansa offers three direct flights a week from Singapore to Frankfurt. And Frankfurt always means frequent and convenient connections to 128 destinations in 73 countries covering 6 continents. For details on the Lufthansa World Connection call your travel agent. Lufthansa German Airlines r 8
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    • 181 8 v.h. I 'J'} v m A And how it all begins... Diners of today, more discerning in taste and definitely calorie-conscious. With us, discover a Sichuan vegetarian fare that has become an exquisite full B course Sichuan spread. Out goes the tasteless canned vegetables and pallid mock meat. In place
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  • SPORTS
    • 597 9  -  By BRIAN MILLER THEY CAME, they saw and they punted. Some won, others lost. For the lucky winners, the investment was low, the payout plenty. And for the losers, the best part of the whole exercise was the fact that none had their fingers burnt. Yes,
      597 words
    • 324 9 UPI FORMER WIMBLEDON champion John McEnroe grabbed a reporter "around the throat" and spat at a photographer off the court yesterday while play was washed out on the second day of the US$l.5 million Australian Open. At a 45-minute, wide-ranging news conference following the
      UPI  -  324 words
    • 178 9 AFP ALEX HIGGINS's hopes of reaching his fourth successive UX open snooker championship final were blown away on Monday when Jimmy "Whirlwind" White overwhelmed the "Hurricane" 9-6, firing three brilliant century breaks in the process. Northern Ireland's Higgins had seemed hell bent on
      AFP  -  178 words
    • 426 9 UPI CHRIS EVERT LLOYD opens the defence of her Australian Open title today against South African Ros Fair bank. Evert Lloyd was earlier scheduled to play Ros Fair bank yesterday. She has spent more than a week preparing for the US$l.5 million Grass Court Grand
      UPI  -  426 words
    • 348 9 PLAYERS from Thailand are showing great interest in the Ellesse Circuit '85 Masters championship on Dec 20-22 and this has put the organisers in a spot. They have to decide which of the players to invite and which to drop for the limited
      348 words
    • 253 9 Reuter COMPANIES will be able to promote their associations with the Olympic movement on a worldwide basis starting in 1988. The International Olympic Committee (IOC) president, Juan Antonio Samaranch, slid in New York on Monday that the new project, known as ijje Olympic Programme
      Reuter  -  253 words
  • Page 9 Advertisements
    • 198 9 OFFICIAL X«i i Proposal To Change A Ship's Nam* 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
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  • Page 9 Miscellaneous
    • 1093 9 w em mm FATAL VISION 9.30 pm, Channel 5 Fatal Vision... laaaon don't judga a book by ita covar Right after "Deadly Intentions", which taught viewers not to trust doctors with nice faces, comes another true-life drama about a supposedly insane husband who butchered his wife and daughters. This time,
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    • 656 9 B^Sto^F»n}cDicto£ -rue. noct door on l6.pt is TMG SUVING enter BUN/6R JS ON HOUC*V/.. u THe CHpvP Bloujing fcp\SPßefcßi£S pn" HIS 1 orncc isskistou, CRYPTIC PUZZLE ACROSS I Good man, Russ (5) 6 Girlish trust? (5) 9 Lose hope of getting praised, perhaps (7) 10 Dashing fellow, razor shorp? (5)
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  • INTERNATIONAL STOCKS
    • 401 10 Reuter THE PLANNED MERGER talks between Imperial Group PLC and United Biscuits Holdings PLC should be seen as a defensive move by two companies which were seen as possible targets for hostile bids, according to analysts. A City analyst said: "If not
      Reuter  -  401 words
    • 102 10 Reuter BRITISH financial services group Mercury Securities PLC and Reliance Group Holdings Inc of the US have agreed that Reliance would limit its aggregate holding in the expanded Mercury International group to less than 10 per cent. Mercury International will be the enterprise resulting from
      Reuter  -  102 words
    • 306 10 Reuter THE NEW YORK market suffered a modest loss on Monday as investors started to take some profits after a rally that has continued almost non-stop for nine weeks. The Dow Jones Industrial Average fell eight points to 1,456. The pull-back left the index 100
      Reuter  -  306 words
    • 196 10 Reuter THE Broken Hill Pty Co Ltd (BHP) has agreed in principle to acquire Monsanto Oil Co from Monsanto Co for US$745 million. BHP managing director Brian Loton said BHP would acquire all of Monsanto's oil and gas interests except for those in Britain
      Reuter  -  196 words
    • 112 10 MOV 25 c$ Hud Bay Min br*> Ot 6* 53* Abitibi 17% 16* 36 H 44* 19% NUh 19 Kerr Add 15* 32% 22* 14* Mouey Ferg 3* unch 42% Mc BkxM 19* 32% 19* 34% 28* 41% 17% 14* Carting OKttft Cmbl Rd L> 13 33% unch 1
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    • 681 10 NOV 25 us$ Aeon Alumrt 26* Alcoa 35* Aiegheny Lod 24* Aftad Own Cp 45* AM Stora* 44* Afc-Chakrwi 3* Am Inc 59* Am Broodco»» 119* onch Am Can Co 44* Am Cyanamid 57* Am Ebc Pw 22* Am Expra** 48* -1 Am Horn* Prod 60* Am Motor*
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    • 836 10 Amsterdam NOV 23 Fh ABN 552 00 -0 5 113 50 -12 Ahold 7390 -03 138 00 -I AMfV 80 10 -0.9 100 50 +08 Barkd Boh Borvjmq Boikofe Be T«t 116 50 -1.7 Catond CM! M, Etevwr 171 50 +17 Fgh 62 80 -0 1 7540 -1.1
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  • Page 10 Advertisements
    • 522 10 i 42* lw; iigie and eatertala m 55 4* m Ya to In celebration of Thanksgiving on Thursday. November 28, 1985. Gather at the Baron's Table far a traditional Thanksgiving 5-course dinner At $45 00 per person. With serenades from the strolling minstrels Tho Los Troubadours For reservations, please call
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    • 111 10 ,}]&<<%[=(-@$,|]>@])~$((_"+'<\\ delightful daily buffet luncheon Feast on 40 delicious dishes. Menu changes every fourth day. At $14++ (adult) and $10++ (child). ORQwn ®FRP£E HOTEL •INOAFONC by rrtncr (Wrt Japan Continuing the Prince Motels tradition of friendly service 270 Orchard Road. Singapore 0923. Telex: RS ***** MCROHfH. Cable: CROWriHOTEL. rax: *****18.
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  • ASIAN STOCKS
    • 426 11 HONGKONG: Share prices closed marginally higher yesterday in moderate trading with some investors staying on the sidelines as Sino-British talks on the colony's political future began in Beijing. The Hang Seng Index finished up 1.86 to 1,738.35 after being ahead by more than 11 early in the day. The
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    • 238 11 NOV 26 Al Sincere Indus Alio Cwmil NT 2 13 21 50 0 1 0 1 Lien Hwa Indus Non Y a Ptos Pocitic Cons Pocihc Elect Wre 1230 27 70 1560 1300 0 25 0 4 0 2 +0 1 +02 084 0 04 Chang Hwa Bank 43.00
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    • 333 11 TOKYO: Shares prices closed mixed in moderately light trading as uncertainty over the yen's outlook kept many investors out of the market. The market average dipped 0.29 to close at 12,783.10, after gaining 24 on Monday. Turnover was 270 million shares. Constructions and other domes-tic-oriented issues weakened, but some
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    • 59 11 NOV 26 Onental B PMt« B 0015 -0 001 0 1450 -0 005 0001 PLDT 37 +05 Ap«x Mmo B 0 0095 -0 0005 0001 Boic PetToleum 0003 80 unch 2 Son Mtguet B 1650 unch COCP 7 30 unch F«t Phi HkJgs 1 80 unch Leponfo B 0033
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    • 352 11 SYDNEY: Australian share markets closed easier with the All Ordinaries Index falling below 1,000, though gold stocks rose. Brokers said the market was pulled down by a lower BHP, which lost 18 cents to close at $8.44 and CSR which shed 3.0 to $3.55. At the close, the All
      352 words
    • 76 11 NOV 26 Bonk Seoul Wen 741 Hyundoi Const Hyundoi Motor KAL 930 1250 562 10 +9 +6 705 -5 746 Commercial Bk 746 620 +6 -10 Yukong 1390 435 -40 •4 569 ■6 Lucky Ltd 717 -14 Daewoo Wx) 798 610 •12 -18 Somsung Co 720 1230 unch 7
      76 words
    • 138 11 BANGKOK: Share prices closed mostly lower in weak trading. The Book Club Index shed 0.40 to 128.42. Turnover dropped to 67,106 shares worth 14.8 million baht from 80,171 shares worth 10.1 million baht on Monday. NOV 26 A ok ham Thai Mn Siam Cement S«am Otacn Sam City 525
      138 words
    • 61 11 Reuter INDIA HAS SIGNED an order with British Aerospace PLC to buy 11 Sea Harrier jets and Sea Eagle missiles in a deal worth nearly £160 million. Ten Harrier fighters and one trainer for the Indian navy will likely be delivered over the next five
      Reuter  -  61 words
    • 453 11 Aim of increasing imports UPI A TEAM OF executives from the Toshiba Company has returned to Japan after a 14-day US shopping tour during which they placed orders for US$96 million worth of goods ranging from paper to computers. The Toshiba executives' visit launched
      UPI  -  453 words
    • 229 11 HITACHI IS to build a new computer storage assembly plant in Norman, Oklahoma, that will employ more than 500 workers by 1991. The plant will be built on a 27-hectare site in southeastern Norman that will be purchased from the nearby University of Oklahoma for about
      229 words
    • 100 11 AP IN THE SIX YEARS since China started "opening to the' rest of the world" for investment, Chinese businesses have made 7,030 deals involving US$l4.7 billion in foreign funds. Shi Lin, an adviser to China's. Ministry of Foreign Economic Relations and Trade, told
      AP  -  100 words
  • Page 11 Advertisements
    • 568 11 •<#». Vi V:^\ S* v <s nE >. T i; lf=P c 5 r*3am "I". > A A. MADE BRAND NEW, FOR YOU. The lON goes brand new with an all-new look and all-new entertainment. ON STAGE The VAMPIRE' 6-piece band from Thailand. And Singapore's very own 'GYPSY'. DJ 'Freaky
      568 words
    • 138 11 Let's booze to Hot rock or favourite contemporaries, this popular alt-girts, Six Angats Band, ptays and sings right into your heart. Brings you into a worid ot pure entertainment white you drink away into the night. Showtlmm: B.oopm I.ooam (Mon Fri) B.oopm 2.00 am (Sat eve o* public holiday) V
      138 words

  • BANKIG AND FINANCE
    • 433 12  - OUB raises US$30m in Asian market Flotation of capped FRCD By ALVIN TAY BARELY NINE months after tapping HK$2OO million (Sss4 million) in Hongkong, Overseas Union Bank is raising another US$3O million (Ss63 million) in the Asian dollar market in Singapore. Bankers told BT that OUB will sign its five-year
      433 words
    • 280 12 Reuter THE CHAIRMAN of Merrill Lynch has called for greater attention to be placed on developing the international equities market now that liberalisation is taking hold in many major countries. Mr William Schreyer said in London that if a concerted effort was made,
      Reuter  -  280 words
    • 88 12 Reuter THE TAIWANESE central bank will issue NT$6 billion worth of Treasury hills tomorrow to help curb money supply growth. The bills, repayable in 91, 182 and 364 days, will carry interest rates of 3.75 per cent to 4.7 per cent. A bank official said
      Reuter  -  88 words
    • 392 12 Reuter AP POLAND'S trade bank has been forced by a serious cash shortage to suspend credits for payment of some imports, Western diplomats and business sources said. Poland faces two large payments on commercial and government debt by the end of the year and has
      Reuter; AP  -  392 words
    • 151 12 Reuter YEN BOND FUTURES surged on heavy short-covering and speculative buying in anticipation of a further decline for interest rates in Japan and the US, according to dealers. Current December ended at 96.75 against 95.56 at Monday's finish and March closed at 96.40 against
      Reuter  -  151 words
    • 557 12 NYT AMERICAN BANKS have started lending to the Russians again after a five-year hiatus. Without the ceremony or public pronouncements that often accompany such transactions, four of the biggest banks in the US First National erf Chicago, Morgan Guaranty, Bankers Trust, and Irving
      NYT  -  557 words
    • 119 12 AFP CTBC, a London-based business and investment bank owned by the Canadian Imperial Bank, has received permission to open an office specialising in stock and share investment in Tokyo. The office will have a twin role, CIBC vice-president A 1 Flood says. It will inform
      AFP  -  119 words
  • MONEY ADN EXCHANGES
    • 872 12 SINGAPORE The US dollar closed firmer yesterday against most major currencies mainly on late short-covering. The dollar moved narrowly at around New York's levels during the quiet morning session, but firmed in the afternoon on European buying which triggered follow-suit dollar purchases here. The dollar rose to 201.65/75
      872 words
    • Article, Illustration
      290 12 Asian market ASIAN dollar deposit rates closed steady at opening levels yesterday after a day of quiet trading. Most operators were sidelined in the absence of fresh factors and ahead of the US October durable goods orders data. Short-dates firmed between 1/16 and Vfc point at the outset. Overnight and
      290 words
    • 241 12 Interbank rates at 3pm yesterday: CuntnciM Btd* 1 1 l rata* ft Otter C RmhtOMfln roes parity Local dollars to one unit of foreign currency: US dolor ***** 2.0940 2 8196 -25 77 Sterling pound 3 0560 3.0603 7 3469 -58 39 Australian dolor 1 4441 1.4469 3
      241 words
    • 285 12 HONGKONG: The metal closed lower on late selling and profit-tak-ing mainly by local interests yesterday. Bullion had rallied on a weak US dollar in the early afternoon with overseas speculative buying noted. News that Egyptian troops on the Libyan border had been put on alert also gave a lift
      285 words
    • 123 12 THE OVERNIGHT rate on the Singapore interbank money market rose by V« point from Monday to close at 3V« per cent yesterday. The one and three-month term rates fell by point each while the two-month rate fell by 3/16 point. S$ Interbank rates at 3pm yesterday: Otter BkJ
      123 words
    • 371 12 BA Futures EURODOLLAR futures opened almost unchanged yesterday from CME closing level and moved narrowly in light trading because of the forthcoming US holiday and absence of fresh economic news. The market, however, had a slight downward bias as interbank rates remained firm and on heightened concern over the
      BA Futures  -  371 words
  • Page 12 Advertisements
    • 103 12 '•tltVlCl* MEET CHINA OFFICIALS CHINA GLOBAL LAW OFFICE, BEIJING Mr Zeng Junwei, General Director Mr Xiao Zhiming, Deputy General Director Mrs Weng Siyu, Director At a luncheon talk on Current issues on China's Economic, Financial, Taxation and Legal Matters. December 10 1985 (Tuesday) at Mandarin Hotel, Singapore Time: 12.00 to
      103 words
    • 341 12 The Companies Act, Cap. 185 Wing Leong Credit Pte Ltd (In Members' Voluntary Winding-Up) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Colombo Court «09-06 A. Singapore 0617 on 21st November 1985, the following Special Resolutions were passed 1) RESOLVED that the company
      341 words

  • SHARE INFORAMTION
    • 4205 13 PANIC SELLING, triggered off by jitters over Pan-El's financial problems, caused most share prices to suffer double-digit falls on the stock market yesterday. Consequently, the market fell to its lowest level in 34 months. The Straits Times Industrial Index fell 11.63 points to
      4,205 words
    • 227 13 SINGAPORE Rises Indices Nov 25 Nov 26 H0nl 0 '9Z BT Concoct* 622.36 615 *9 UoMhMKii H 50« 188 8T Indicator *****21 7****** Sot arm In 118+3 ar oft/OS -448 -447 Ino 50< 245 42 !Z?Xw -5869 -5966 GL-d*r 121 .*****5-*****9 8 Kayo 112 +1 ST Industrials
      227 words
    • 3526 13 BID and offer prices officially listed and 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 i»nu— otherwise specified. All Time Settlement Contracts are quoted after the word "SETT'. Big
      3,526 words
    • 147 13 UNGU1 DEVELOPMENTS Berhad: 17th AGM at 3rd Floor, Wisma Huajiang, Jalan Hang Lekiu, Kuala Lumpur, today at noon. BENONG Berhad: 3rd AGM at the President Room, Selangor Club, Jalan Raja, ***** Kuala Lumpur, on Friday, Nov 29, at 10.30 am. MALAYSIAN AMERICAN Ainruec Cempaay Berhad: EGM at the
      147 words

  • COMPANY NEWS
    • 559 14 DIVERSIFIED GROUP Kumpulan Emas Bhd has secured more than MsBo million worth of engineering contracts for the current year. The group's engineering division, according to chairman Datuk Abdul Ghani Ali, is expected to enhance earnings by venturing more aggressively into the overseas market.
      559 words
    • 524 14 ARAB-MALAYSIAN Development Bhd (AMDB) says the continuing economic slowdown and its effects on the business environment will affect the group's rate of growth and its earningss. However, executive chairman Datuk Azman Hashim says in his annual statement for the financial
      524 words
    • 163 14 Bernama SUNGEI WAY Holdings Bhd, the construction group, is to raise a Ms 6 million bank loan to finance its acquisition of a 45 per cent equity stake in SunMix Concrete Sdn Bhd. In a circular to shareholders, executive director Quah Siak Seng
      Bernama  -  163 words
    • 377 14 MUCH TO investors' disappointment, the Kuala Lumpur stock market put up a poor performance yesterday with share prices retreating across-the-board in lethargic trading. Speculators had expected sentiment to pick up after the Malaysian Chinese Association elections last Sunday but the market did not respond to Mr
      377 words
    • 3468 14 MDUSTMALS A Choc (2 80S) AMD (4.728) (1) 4.72 (28) 4.70 Alcorn (0.90 S) (4) 0.90 AiSI (0 868) (19) 0 88 (7) 0 86 (11) 0.87 cd API (0.798 0.80S) (5) 0 83 (5) 0.82 (4) 0.81 (3) 0 80 ASM (1.095) (34) 1.12(1)
      3,468 words
    • 99 14 HONGKONG Hang S«ng Index Tuesdoy 1738 35 Monday 1736.49 Week ago 1754.68 TOKYO Nikkei Averooe Tuesdoy ***** 10 Monday *****.39 Week ago *****.27 TSE Index Tuesday 1006.27 Monday 1008.40 Week ago ***** SYDNEY All Ordinaries Tuesday 996.5 Monday 1000 7 Week ago 983 9 Australian Industrials Tuesday 1464.9
      99 words
    • 256 14 Monogers' prices for Nov 27 Singapore Unit Trust The Commerce The Savings Fund S pore Prog Fund S pore Sec Fund S pore Invest Fund S pore Equity Fund 153 162 117 124 063 067 0 96 1 02 0 76 0 81 0 70 0 74 Asia
      256 words
    • 515 15 mm*. HOCK LOCK SIEW QUITE A NUMBER of local companies have ventured Down Under whether in quest of haniring licences, investment in hotels and properties or manufacturing activities. Their objective is obvious. Australia represents not only tremendous potential for expansion but is also close to the
      HOCK LOCK SIEW  -  515 words
    • 338 15 SINGAPORE LAND LTD has announced a first and final dividend of 10 per cent less tax for the year to end-August 1965. Subject to confirmation at its annual general meeting on Dec 20, the dividend will be payable on Jan 14, 1985 to members registered on Dec 19.
      338 words
    • 779 15 Reuter SHARES MOVED lower yesterday following prof-it-taking, but early selling was moderate, dealers said. The FTSE 100 share index at 0945 GMT fell nine points to 1,446.5. ICI eased 8p to 722, Glaxo fell lOp to 1,555 while Beecham at 315 and BP at 590 were both 8p
      Reuter  -  779 words
    • 387 15  -  By NAJEEB JARHOM THE HIGHLY-PUBLICISED purchase of a more than one-fifth stake in United Overseas Land Ltd (UOL) by Malayan United Manufacturing Bhd (MUM) through a share swap announced in January, has finally been approved by the Malaysian Capital Issues Committee. Having cleared this
      387 words
    • 512 15 Second such venture in two months SIME DARBY BHD is working towards acquiring an edible oil refinery in the US. This acquisition, if it goes through, will be the second such move by a Malaysian company, the first being the takeover of a similar plant
      512 words
  • Page 14 Advertisements
    • 213 14 Bridge Over Troubled Waters IF YOU HAVE TRIED OTHER NETWORKS. YOU WILL KNOW THAT NOT ALL NETWORKS ALLOW TRUE SIMUL TANEOUS MUL Tl USER DA TABASE ACCESS. IF YOU ARE SHOPPING FOR YOUR FIRST NETWORK SYSTEM, YOU CAN AVOID THE UNNECESSARY FRUSTRATIONS WITH THE DART ICM A MULTI-PROCESSOR MULTI-USER SYSTEM
      213 words
    • 0 14 ]^![&]*]>{_`&`+{{+;%(*.'|:-^%+~
      0 words
    • 62 14 (^CONCORD T< LA COSTA V i The Concord La Costa Swiss handcrafted 18 karat gold, blue chromium-finish, stainless steel, with or without diamonds Quartz Water-resistant CONCORD. THE NAME IS A LEGEND. OWNERSHIP A PRIVILEGE. Singapore Authorised Dealers Asia Watch Centre Cortina Watch Centre Shui Hwa Jewellery Chew Cheong Jewellers Roy
      62 words

  • Page 15 Advertisements
    • 138 15 +J N Announcing the arrival of a bigger ana better business class. We don't have to tell you how popular our Marco Polo Business Class is. The fact that we ve had to add seats says it all. But we wanted not just a bigger business class, but a better
      138 words

  • 350 16 SEX, says a local economist, is an economic activity and the satisfaction it gives depends on itS Co6t. Sex involves time, energy and money which are an individual's scarce resources and for which there are competing uses. Thus "the net utility
    350 words
  • 537 16  -  US official says failure to act may mean losing GSP benefits By BOEY KIT YIN SINGAPORE needs to include more "vigorous penalties" in its draft copyright laws if it wants some of its products to continue to enjoy preferential treatment, a Washington official said yesterday. Speaking
    537 words
  • 104 16 MEXICO WILL SPEND almost half of its budget on interest and primary payments towards its billion-dollar foreign debt. In a special 14-hour congressional session on Monday, Planning and Budget Minister Carlos Salinas de Gortari said interest payments alone would account for 29 per cent or
    104 words
  • 241 16  -  By BRIAN GOMEZ IMPORT-EXPORT problems in bilateral trade with Indonesia were discussed yesterday at a closed-door meeting involving Indonesian government officials and seven member companies of the Indonesian Business Association of Singapore (IBAS). Sources said the meeting at the Indonesian Embassy was called
    241 words
  • 272 16 A GROUP OF 11 Japanese and US banks yesterday signed an agreement in Tokyo to extend a five-billion yen (Sss2 million) financial package to the DBS Bank, the first yen loan to be syndicated for a Singapore borrower. Funds for the loan are
    272 words
  • 328 16 Bernama MALAYSIA WILL SET aside more than 40,000 hectares of land in several agricultural development schemes for private companies to develop into plantations. Land and Regional Development Minister Datuk Seri Adib Adam said yesterday this was aimed at safeguarding the interests of
    Bernama  -  328 words
  • 206 16 AP UPI EGYPT HAS OPENLY accused Libya of "funding and instigating" an airliner hijacking and said the storming of the plane by Egyptian troops "taught the pirates and instigators a lesson A commentary broadcast late on Monday by the official Cairo Radio
    AP; UPI  -  206 words
  • 110 16 AFP CORAZON AQUINO, grateful to the movement that collected over a million signatures endorsing her as the opposition's presidential candidate, said yesterday she had not yet decided to run. "All I can say is that I'm thankful," the widow of slain opposition
    AFP  -  110 words
  • 93 16 COMEX gold futures lost US$O.6O to $1.00 on nervous selling by speculators yesterday morning after the overnight markets did not react fully to Monday's strong close in New York. The leading December delivery gave back $1.00 of Monday's $5.30 rally to trade at $331.70. Analysts said
    93 words
  • 66 16 Reuter THE NEW YORK stock market was mixed in early trading yesterday, with blue chips slightly higher. The Dow Jones Industrial Average was up a fraction to 1457. Declines led advances by a five-four margin on volume of 12.34 million shares. Monsanto, which agreed to sell its
    Reuter  -  66 words
  • LATE FILE
    • 29 16 NEW ORDERS for durable goods received by US manufacturers fell by US$2.2 billion, or 2.1 per cent, In October to $104.4 billion.
      29 words
    • 50 16 AP MOST Japanese diplomats serving overseas will receive lower allowances because their yen now will buy more. The Japanese Foreign Ministry said on Tuesday the reduction would take effect next month for about 1,100 diplomats at all but two of Japan's 174 diplomatic establishments abroad. AP
      AP  -  50 words
    • 42 16 AP SAUDI ARABIA Oil Minister Sheik Yamani was reported on Tuesday to have warned that Saudi Arabia will not abide by the Opec pricing and production system unless all other members of the world cartel do the same.
      AP  -  42 words
    • 47 16 AP HONGKONG'S trade balance swung to a deficit of HK$36B million in October from a surplus *****8 million in October 1984. The Census and Statistics Department yesterday said domestic exports in October totalled $1116 billion while imports amounted to $19.96 billion. AP
      AP  -  47 words
    • 41 16 UPI PRESIDENT Reagan was yesterday urged by more than 100 House of Representatives members not to provide aid to Unita guerillas fighting Angola's Sovietbacked government in alteration of present US policy toward that African nation.
      UPI  -  41 words
    • 32 16 UPI THE REAGAN administration will channel to other family planning services the US$lO million it withheld from a UN population agency in protest against China's birth control practices.
      UPI  -  32 words
  • Page 16 Advertisements
    • 166 16 JACK'S PLACE Parkway Parade Branch Now Open! I a place for steak Order a US. Premium Corn Fed HARRIS RANCH Beef at the normal price and we'll throw in the Soup. Dessert, Coffee/Tea plus a glass of house wine FREE i Lunch or Dinner, it's your choice. On/y between November
      166 words
    • 144 16 TO ALL COMPANIES IN SINGAPORE Export Credit Insurance Corporation of Singapore Ud. 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
      144 words
  • Page 16 Miscellaneous
    • 59 16 WMim Outlook for today: Cloudy with showers in o few areas in the early oftemoon. Report for 24 hours prior to 7 30pm on Nov 26 at the airport: Maximum temperature 29.6 Associated humidity 66 Minimum temperature 24.1 Associated humidity 93 Hours of sunshine 0.75 Roinfoll in millimetres troce Rainfall
      59 words

  • SHIPPING TIMES
    • 105 17 Reuter A 13-DAY STRIKE by shipping clerks has held up 16 ships in Melbourne's port and prevented the unloading of US$lOO million worth of goods, the Melbourne Chamber of Commerce said yesterday. The dispute by 13 clerks at the freight bases terminal at
      Reuter  -  105 words
    • 364 17 Bernama THE MALAYSIAN Transport Ministry is studying the possibility of reducing and standardising port tariff rates in the country to help them better compete with foreign ports. While opening a seminar on Port Planning and Development in Kuala Lumpur yesterday, Malaysian Deputy Transport
      Bernama  -  364 words
    • 324 17 THREE DANISH bulk ships carrying up to 400,000 tonnes of South African coal are likely to be laid up fully laden because of an 11-week trade ban imposed by trade unions in Copenhagen last week. The action is due to
      324 words
    • 130 17 Bernama THE FERI Malaysia Sdn Berhad will train about 150 personnel to operate a service plying Kuantan, Kuching, Kota Kinabalu and Singapore. Its spokesman said yesterday that those selected would undergo training in the basic technical aspects of vessel security and catering for
      Bernama  -  130 words
    • PORT SIDES
      • 63 17 Reuter THE PHILIPPINE Ports Authority has announced that a tug service will be mandatory for all foreign freighters docking and leaving Cebu in the central Philippines from next week. The official Philippine News Agency said the ruling, which will be implemented on Dec 3, was to protect
        Reuter  -  63 words
      • 70 17 Reuter THE FAR EASTERN Freight Conference has amended the Currency Adjustment Factor (CAF) for Japan to 28.5 per cent from 24.5 per cent, with effect from Nov 29. At the same time, the Japan/Europe freight and the Japan/Gulf of Aden and Red Sea Ports shipping conferences have said
        Reuter  -  70 words
      • 73 17 Reuter A LUXURY YACHT built for Nazi leader Hermann Goering was auctioned on Monday for 270,000 marks (US$100,000), four months after its latest owner was convicted of fraud in the fake Hitler diaries case. The yacht, Carin U, was impounded by a Hamburg court after convicted
        Reuter  -  73 words
    • 1272 18 CHARTERING activity picked up on the London shipping freights market on Monday, led by the coal and time-charter sectors. In the grain sector, MBK arranged for Jan 5-15 loading of 45,000 tons from the US Gulf to Japan aboard the Singa Sun at an easier U5512.60. The easier
      1,272 words
    • 1015 18 FT IN THE AGGRESSIVE, noholds barred world of liner shipping, Britain's Overseas Container Ltd (OCL) is riding high, with record pre-tax profits of up to £70 million likely this year. But two question marks hang over OCL, a leader on the international container scene, with
      FT  -  1,015 words
    • 253 18 THE STRONG shift of high-value, containerised cargoes away from the all-water route between Asia and the East Coast of North America to West Coast ports has Panama Canal authorities worried. The shift comes on top of a rapid decrease in total ship movements through the canal
      253 words
    • 68 18 UGLAND SHIPPING of Norway has chartered three new bulk carriers on long-term from major Japanese trading house Marubeni Corporation. The three bulkers two 38,400-dwt Future 32A type and a 40,000-dwt bulker were originally ordered for the ailing Sanko Steamship Co. Marubeni was one of nine
      68 words
    • 900 18 A Top Ent X 2 AB Shpg V 5 Accord Shpg X 2 Afea Line VI 3 Ahrenkiel Liner X 1 AC Toepfer X 5 Antah Orient X 5 Arrow Lines X 5 Atlas Lines X 4 Anro Service IV 3/4 ANL 1 1/2 APC Line V
      900 words
    • 217 19 Reuter IRANIAN gunboats, operating far away from their base, have seized a Kuwait-registered cargo ship with a 43-man crew in the Gulf of Oman. The ship's owner, the United Arab Shipping Company (UASC), said on Monday that its 23,800-deadweight-tonne Ibn Al-Beitar was
      Reuter  -  217 words
    • 451 19 Volume expected to fall" to 10pc Lloyd's List IN THE MOST DISMAL forecast to date, Nippon Yusen Kaisha has predicted that trans-Pacific liner operators will be running with ships more than half empty at the end of next year. A study carried out by
      Lloyd's List  -  451 words
    • 715 19 AFP THE RECENT deterioration in US Gulf grain rates was apparently arrested by midweek, when 50,*****,000 tonners were fixed on the trans-Atlantic route at US$B.OO/tonne, a 25-cent improvement, though in a sluggish market. With the onset of better trading opportunities, a tonnage shortage emerged, also partly due to
      AFP  -  715 words
    • 190 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.
      190 words
    • 160 19 Fairplay BOTH YARDS AND OWNERS in Denmark are hopeful of a change for the better in the present tax laws governing investment in newbuildings. The present laws came into force late last year and since then, Danish yards have seen a massive decline
      Fairplay  -  160 words
    • 713 21 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
      713 words
    • 3629 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
      3,629 words
    • 731 25 Ship RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Voy dote/time Operator cargo schedule Location Kota Machan 06W Sea Glory 8545A Sea Hawk 8548 B Dahlia 191 Niaga 30 50S Hayakawa M 9423F N Galactica 33/85 Anro Asia ***** Korrigan 443 Uni
      731 words
    • 622 25 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure Keppel Equator 5 Hugheverett Hoti Senang Murrayeverett Barber Toba Kola Salam Kota Seiatt L Petaling 2 Ned Madras Pres Jackson K23 K20 KI9 K2I K9 K32 K33 K19 K 12 KI8 Thong Soon Everett Kie Gwan Everett Barber PIL
      622 words
  • Page 17 Advertisements
    • 744 17 Monthly from Pitman Available at all good bookshops and newsagents w ORIENT OVEIgEAS CoMtaUt&l IIME Agents: iMDK SMTfK AGENCES (Reg Ho 2421M/0W) 70 Shenton *ay #04 03 Manna House Singapore 0207 Td *****11 IHci NO RS ***** CFS OFFICE TPC #***** Te» *****31 2?20f3J Terminal oH.ce TPC #03 030 TH
      744 words
    • 74 17 Wm TWO QUESTION MARKS hong over OCL, which is riding high with record pre-tax profits of up to £70 million likely this year. Pag* II NIPPON YUSEN KAISHA says trans-Pacific liner operotors will be running with ships more than half empty at the end of next year. Page 111 Index
      74 words
    • 1130 17 A hard look at what it will take to succeed in business for the next 20 years With turbulent times ahead. forewarned will be forearmed $22.00. MAERSK LINE W KEEP YOUB APPLES FRESH tacomato: «jgwK»g« FASTEST TRANSIT PENANG 23 OATS Penang Vmml s-por. EXPORT TO USA. EUROPE. MIDDLE EAST. WEST
      1,130 words

  • Page 18 Advertisements
    • 291 18 Y.S. LINE YAMASHITA-SHINNIHON LINE CONTAINER SERVICES USA/CANADA I feeder Vsl MARIA WIS ACE TAMIL Y ACE GIORY ACE Pacific South West Feeder at Tokyo Mother VSI J. AKXIO YAMASHN M ZEELAIOA S KASHU M Pacific North West Feeder at Kobe Mother VSI SEAT VCR TOKYO M 29/12 30/13 S BfISHU
      291 words
    • 283 18 Vessel N ROS ARK! BARBER PERSEUS N ROCKSTER BARBER HECTOR N ROTTERDAM irrryi SM 22/11 4/12 14/12 12/12 24/12 4/1 NCXT ARRtVAIS BARBER TOBA 27 11 BARBER TAMfA 15 12. BARBER TEXAS 7/1 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA Vessel BARBER TO6A BARBER PRIAM BARBER TAMPA BARBER
      283 words

  • Page 19 Advertisements
    • 964 19 The Straits Steamship Group Mansfield Container Shipping Re Ltd Overseas Containers Limited [CONTAINERSHIP SERVICE TO UK/CONTINENT: Bftm R dam LeHane 26/12 27/12 23/12 06/1 07/1 OS/1 14/1 15/1 17/1 22/1 23/1 25/1 27/1 21/1 30/1 03/2 04/2 06/2 13/2 14/2 16/2 22/2 23/2 25/2 21/2 01/3 03/3 Abo Accepting Cargo
      964 words
    • 682 19 Franco Belgian Services \F+r Mas, u-v* t Bt w *van far L it.r+~** I tn*j I (MFMBtR OF ACF CONSORTIUM) Ej *H> SMWCI TO [UROPt CONTAINER SERWg FROM EURO* STOW Maw It Hot* Rdan. F'Slmn Ham CHmi Ant OKAN MCFM ki Pert (25 Nn) It Dk 17 Ok I!Dk 21
      682 words

  • Page 20 Advertisements
    • 415 20 Hapag-Lloyd TO CONTINENT/UK EXPORTS On carriace to Scandinavia, Med, Carribean IS. America Inland haulage to inland destinations in Europe Spore PKHanf Penjnf Leiioesßtfcao Genoa Hbt»| Rdam Bh«tn *'weip Etha Rimers 1/12- 4/12- 8/1 30/12- 15/1 Met Rickmers 7/12 5/12 5/1 l'/l 12/1 16/1 VI Konfcjf Thettis 22/12 25/12 27/12 U/l
      415 words
    • 343 20 M S LINE gJMti FULLY CONTAINERISED SERVICE TO EUROPE VIA Member ol the Ace Consorliuni KORMN IACENN 31* NEPIUW CRYSTAL 32* KORfAN CHANCE 74W StVtN Sf AS BRIDGE Sport PKHar* LeMawe Rdam MM HT*»| Antwerp 27 11 (25 II) 16 12 17/12 19/12 21 12 24/12 412 2 12) 23/12
      343 words
    • 594 20 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX R*****1 R*****2 t t ;i:\STi:i(\ \lf 1.1 M.H. I .TO. Specialist in RO/RO Service Accepting heavy-fifts upto 80 K/Tons Vm4 Sp»rt Mrim, Kudnf Mori KK SOII NKOTI »K h Nrt 2» N»» 1 Dk SOUTIOH CtOSS W4 30 No.
      594 words
    • 483 20 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 FEEDER VSI SGP Cm GOMG 1/12 EVE* GATHER 10/12 EKE* GUDE It/12 EVER GOVERN 31/12 EVER GLORY 7/1 EVER Gf TED IS 1 EVER GIEAMY 23/1 MOTHER VSI LU EVER LYRIC 24/
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    • 302 20 Vi dSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES KYOWA LINE TO PAPUA NEW GUINEA/ PACIFIC^H OCEANIA QUEEN 13/12 Newak, Lae, Orobay, P. Moresby, Moniara, Kieta, Rabaul KYOWA BREEZE 8/1 P. Moresby. Lae. Honiara. Kieta, agents Rabaul, Jayapurs SWGAPOR? SRttSE MARITME PTE LTD TEL *****44 7
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  • Page 21 Advertisements
    • 561 21 V\^ PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 MID. S.E.A. CONTAINERS PTE LTD. (FULL CONTAINER SERVICE! INDONESIA MV SEA HAWK Vi'i JAKARTA ETA JAKARTA 14 DCC ETA JAKARTA 7 DCC HA SINGAPORE 11 DEC ETA SMGAPORE 4 DEC £13 7T? VOY 1550 VOY 1549
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    • 734 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER HAM B HAVEN R DAM HAMIE STON Bouran Sated Saied Si4ed Sjted Sj*ed Honftoni Eipress Sjfed SjAed SjAed SjAed SM SeruMer Sjded Saded SjAed SjM SjM tty ol Edrttrffi SjM 27/11 21/11 JO/ll 2/12 Mara Maru 27/11 2J/11 30/11 j/j 2
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    • 623 21 DJAKARTA LLOYD INDONESIAN NATIONAL UNF FAR EAST TO/FROM BUUN YOKOHAMA KOK MOHSAJNC m STOW GOWA m m 72 23/11 7VU/11 27/n 12/1? 1/12 JJT? S PORE TO JAKARTA/SURABAYA CONTAINFR SERVICE STOK 1 SUIABATA BUSAN 60WA m m l/W »/12 11/12 22/12 CONVENTIONAL SAIHG MRECT TO NORFOLK I N.ORLEAN ICPHME cm*
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    • 695 21 BOUSTEAD SHIPPING AGENCIES Htoneywa V2O6N BURMA FIVE STAR (Burmese National Line) Loadng for Ran|oon Spore PKdanf Pet In Port/29 No* Ptiashwefyawywa V26OW In Port/29 Nov LasJao V 52 Loftaw VlO5 Pa-an VS9N Paean V93W 2/3 Dec 30 Nov/1 Dec 1/10 Dec 12/14 Dec MBO ]:r a .ii niMLri: ;< j!
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  • Page 22 Advertisements
    • 1278 22 tie* v USA CANADA ATLANTIC COAST (Round The World Service) Kline KAWASAKI KISEN KAISHA, LTD. ORIENTAL KNIGHT V? 4 NEPTUNE CORAL V 2 NEPTUNE CONCORD VOB ORIENTAL DIPLOMAT V 24 SPORE 2 Dec 28 Dec 14 Dec I lan 24 Dec 18 lan 5 Jan a m cms 9 Jan
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    • 583 22 ISJC] a /ie AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contains* Singapore PMang Penary loading tor loading tor Ma*as B detfi Hatta Calcutta Bcmba* Ma*as B desh Hatta Calcutta C*e*o/Bw*ar Madrai/B'dnh/HaMa/Cakcutta INDIA SERVICE Accepting FCL Containers and Conventional Cargo Singapore PKetang Penang loading tor
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    • 584 22 GOLDEN LINE GIMN GUAN SUPPING (PTE) LTD Kaanf Jimf Prenatal Bar* BuMnf U Cttl Street SMGtfOW 0104 Til 22U7* (10 IMS) P Kftant 03 317H1 Penary 04 (?54ft Pra Gudant Afent ORfNT UOTD (M) SON BHD m 07-*****0.1 STRAITS/PERSIAN GULF SERVICE: GOIKN MAKN Colombo tuxhi Balwarn GOIOCN Bf Ml Cotombo
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    • 489 22 (PTC) LTD 10 Anson Road »27 16 International Plaza Singapore 0207 Tel: *****1 1 (10 Lines). o BREAKBULK SERVICE TO EUROPE/UK WINNER 88J591S Sailed FORT CARLETON *****20 3/12 S'pore P. KeUntloadnj toriSated 23/11 ESBJERG/ROT/ANT/ UK (AVON) 9/12 ROT/ANT/I* (AVON)/ BELFAST Aftnti MTRASEA (FTC) LTD BOOMNC ??«6MI k imp* bmtang shtpmg
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  • Page 23 Advertisements
    • 887 23 StiL NOL NEPTUNE ORIENT LINES LTD S pore NEPTUNE AGERCIS Pit. LTD IH No othce letmmal CFS BOOAMGS *****77 ft EH, AUST TPA/SEA *****77 *****22 *****53 OR OMECT IKS *****53 *****42 J Bjt*u mm mk SON BHD 2*l* P Keian, HAUTE* MRA SON. BHD *****1 *****8 P Ij»I HARPER m*
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    • 631 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG, BUSAN, INCHON No 1 Donwi, Ml* No I Datum No Dontm, SO* No 7 Oonjm SIOM No Dorum SOW Hi I town 510 M No Dmm/MON *»>< 1/12 11/12 14/12 2C/12 1/1 10/1 14/1 5/12 15/12 lt/12 10/12
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    • 833 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUHDMG 55, Market Street Sinfapore 0104 Telephone Numbers *****3 (15 Lkies) Cable Address SINSOV SINGAPORE Telex Numbers RS 213*0 RS ***** RS ***** P. KELANG PENANG Mr l 2uj*v^ FLOOß MESSRS HM THONG SHWNG 127 Penang Street. Penang. Malaysia 7? t RLANG
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    • 120 23 K S LINE JAPAN STRAITS SERVICE GENIAL SURVEY SANKYO LINE (S) PTE. LTD. 37 Somerset Road #06-01 Ng T#ow Yhee Dldg S pore 0923 Tel 235 5444 (4 lines). Por' 'ifi Shjjpnf Sdr B*Hl Ifl 03 S Penjnf Mj ii'.n hilt Irjripnrt (Id If' 6789( I 637?S Pj',« (mriinf Miljtuir
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  • Page 24 Advertisements
    • 739 24 Regional Container IJih-s 'PORE P.KELANG -PEWANG SERVICE BUNGA KEMUMNG N45/545 HJNGA KEMUMNG N46 546 BUNGA KEMUMNG N47/547 MON/NEO SPORE ki Pt/27 Nat 2/4 Dec 9/11 Dec SPORE AGENT BANGKOK AGENT: SONGKIA AGENT: POUT KELANG AGENT: PENANG AGENT: SINGAPORE SMPPWG CORPN LMTED MARKETMG TEL: 2256*68 NGON HOCK CO LTD TEL: 286-1969.
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  • Page 24 Miscellaneous
    • 149 24 Regional Weather A TA *A 1$ *o3 r si J as iS B352&BI SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c cr"" Wind direction with speed in knots Wave height LEGEND: R, Thunderstorm Temperature °C Weather Wind direction with speed in knots Rain Wave height Cloudy Sky
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  • Page 25 Advertisements
    • 115 25 /M MSC AGENCIS K. LUMPUR P. KELANG PENANG P. GUDANG J. BAHAMJ LEOSHP SPORE *****88/*****56/*****48/*****93 *****1/4 TERMMAL *****1/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 *****8/*****8/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE 10 EUROPE FEEDER i v[m[nniEI!ZMiIIIIIEMryTTnrnTTiTTi7r wT TnTiTTyTi i i ..Hl.', MH P7ITTTfTMPnrr!TTITinTM»M»a i w^TTTTi^HmmfryTTym i [Tinf7r7TTJJ|niTinFTfgTMgT^TT!T—nTIBTITTITI i nr. •Mr7lTa^lTl[J33J|pin^^S^nSSß^^Bl 11 «rai ALSO ACCEPTING FOR:
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    • 62 25 m *t is m *i CHMA NATIONAL FOREIGN TRADE TRANSPORTATION CORP, >f China Srvic* Loidmf fm Gujofrtwu Huaotpu Shjnlou Gujofrtwu Humtpu »!«.(> SIN CHIAO SHIPPING AGENCY PTE LTD T«l: *****81/2 Tlx: ***** BINTULU CONTRACTORS SPECIALISED CARRIER FOR CARS AND PALLETISED CARGOES 10AHNG FOR: SPORE PK ELANS KUCHMG BMTULU NO 1
      62 words
    • 583 25 GLOfIY NAVIGATION GROUP REGULAR LIMER 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 LINER SERVICE FROM TAIWAN TO SINGAPORE AND W. MALAYSIA BULK CARGO FROM SOUTH-EAST-ASIA TO TAIWAN, HONGKONG AND THAILAND.
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  • Page 26 Advertisements
    • 489 26 fife® wumn KffSf TO: EUROPE FROM EUROPE: PENANG lUMP* 7/7 Det FOR UK RDAM HBG BtffN AMtRP P HUANG SPORt BKH FROM 810 Dec 11/12 Dec 14 IS Dec ROAM BMEN HBG AWtRP AGENTS: LEO SHIPPING PTE. LTD. SINGAPORE *****22 FARYS MARITIME SERVICES SON BHD KUALA LUMPUR: *****3/*****1/*****0 PORT KELANG:
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    • 587 26 HEAP SENG TRADING SHIPPING PTE LTD 6001 BEACH ROAD #13-01 GOLDEN MILE TOWER SINGAPORE 0719 TEL NO. *****44 (3 LINES) TLX NO. RS ***** HEAPCO FULL CONTAINER SFRVICE TO PC" ANG/PENANG WSSUS VOY NO SPOW PKLANG ANSON 413/15 30 N»« ANSON 414/15 2/3 Ok OK ANSON 415/15 1 Dec ANSON
      587 words
    • 498 26 C.Y. LINE (A Member Of The ACE Consortium) CHO YANG SHIPPING CO. LTD FULLY CONIUOISD) SERVICE 10 EWOPI (VU 912) la HORLAN IACtIM 31W MPIUM CRYSTAL 32W KOREAN CHANCE 24N SI KN SMS BftlOGL S3* S pore In Pt 4/12 11/12 11/17 IcNjrtt (dun F stoat Hbur( BftmAnlatrp 14/12 17/12
      498 words
    • 918 26 Everett Lines COMPANIA PERUANA DE VAPOREES (CP.V.) "PERUVIAN STATE LINE" lot CjIUO Mjlatjn. *0 *nd ill other Peiumjn polls with transhipment it Kobe On CPV Th'Ougti Bills ol lading to tin* deslinatiori Pftunt* f KeUit S«<i(>«e MANOLOEVERETT 2/3 Dec JOHNEVERETT 5/1 Dec 9/11 Dec MURRAYEVERETT 25/27 Dec "EVERETT ORIENT LINE"
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    • 382 26 ZIM NON-CONFERENCE MOOOENT FULL CONTARER SERVICE accept* FCL/ICL cargoes to US* East I West Coast. Carribtoeaniast Canada and HAfTI FEEDfI Wl STOW IMAM.MEI JM HONGKONG m TOKYO M KOIUNG M KN TOM 4IK 7IK JIK 11 IK K 113 I K 1( I K II I K 20 I K
      382 words