The Business Times, 4 December 1985

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 99/1/85 WEDNESDAY, DECEMBER 4, 1985 75 CENTS
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  • 611 1  -  By THE EDITOR IN A CRISIS decisive action is always to be preferred to shilly-shallying. Clearly Singapore now has a crisis on its hands, though it is as yet hard to put numbers on the scale that will measure just how
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  • 531 1  -  Share trading to resume tomorrow on immediate delivery basis By CHAN OI CHEE TRADING ON THE Singapore share market will resume tomorrow on an immediate delivery basis following the finalisation of a $180 million rescue package to prop up the broking industry which has
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  • 413 1  -  By MANO SABNANI THE SELF-REGULATORY role of the Stock Exchange of Singapore has come to an abrupt end as a result of the Pan-Electric fiasco and the related financial crisis in the stockbroking industry. The SES will, in future, be closely regulated by
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  • 294 1 THE ASSOCIATION of Banks in Singapore (ABS) yesterday morning asked all its member banks to maintain their outstanding loan commitments to stockbroking firms at the levels existing last Saturday. This means that if a stockbroker was utilising, say $6 million out of a $10
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  • 232 1 BANKS took a cautious view in forex markets yesterday and kept well away from the Singapore dollar market. "Dealers have in mind the possibility of Monetary Authority of Singapore intervention, and therefore chose not to tempt fate," said one market operator. The local dollar
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  • 285 1 THE COMMERCIAL AFFAIRS Investigation Department yesterday confirmed that it is investigating the possibility of insider trading of Pan-Electric Industries shares. According to the CAID, the department's investigation started in early 1985. "We took over what the SES was doing," said a CAID officer. In
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  • Page 1 Advertisements
    • 124 1 particles PAPER SHREDDERS OciTvcom ypyrgm> dt E ltd tei 743 5555 Why tie up your capital J Rent special equipment from Thorn. 45" Projection Screen U, (Multiple System) 1 For audio-visual 1 presentations at seminars, f|L I conferences, training classes. Auto Rewind Video Recorder and Suitable for business promotions. From
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    • 254 1 AIRCRAFT SCHEDULE MONEY A EXCHANGES RAW MATERIALS LETTER CROSSWORDS TV A RADIO OUR VIEW THE ACQUITTAL OF General Fabian Ver and 25 others in the Benigno Aquino case brings to an end a closely watched legal battle in the Philippines. While respecting the judgement of the court, it is impossible
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    • 125 1 QIH reviewing stake in Pan-El, Page 16 Bank Negara assurance, Page 16 Tan Koon Swan gives his side of the story, Page 16 Foreign investors felt a chill, Page 15 Letter To The Editor, Page 10 $140 MONTHLY o?£V j ricoh FXI2O Type approved (70) dim KPT (RT) 7605 RIC
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    • 29 1 BALLY of SwtrzrrlanJ "it 17- thf "I !o>ij (A synopsis of the role of the statutory manager, prepared by Bank of New Zealand's Singapore branch, appears on Page 11.)
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  • HOME NEWS
    • 452 2  -  Local demand expected to fall By BOEY KIT YIN FURNITURE MAKERS and retailers in Singapore are aiming to fill the expected drop in local business over the next two years by expanding overseas. The 400-strong Singapore Furniture Manufacturers' and Traders' Association will send a team
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    • 156 2 SINGAPORE'S capability in marine and ocean engineering is to be displayed at Marin tech China '85 in Shanghai. The task will be undertaken by the Trade Development Board, which is leading 11 companies to take part in the marine exhibition beginning today. According
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    • 346 2  -  By YAP BOH HOON TRAVEL AGENTS have asked for greater control over matters which affect them and have suggested taking over some functions from the Singapore Tourist Promotion Board. "We hope to have a bigger say in the STPB before any
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    • 133 2 AN AMERICAN SPECIALIST in Asian affairs will be in Singapore next week to speak on Asean-Vietnamese relations. Dr Larry Niksch, who is with the Congressional Research Service, Library of Congress, will be in Singapore from Dec 9 and 10. He will give his
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    • 318 2 STORMS AND WHALES she has weathered so far, but the biggest hassle yet (or the Saga Siglar in her maiden round-the-world voyage occurred on her way to Singapore. The spartan wooden ship, crafted exactly as the Vikings built theirs 1.000 years ago, ran into rough weather
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    • 348 3  -  By JEFFREY TSANG THE NEED for more collaboration to maximise returns on research and development projects was the theme of a speech by the Minister for Communications 4 Information yesterday. Dr Yeo Ning Hong, who is also Second Minister for Defence, was
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    • 535 3  -  By JAIME LYE SANTA CLAUS is being disrobed in Orchard Road. One can see him baring all that is legally possible on several buildings along Orchard Road, riding the waves on one, with his spare tyre spilling over red swimming trunks. It
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    • 303 3 PARTICIPANTS at the ChemAsiaBs will find a growing market (or their products and services (or speciality chemical projects in Singapore. This assurance came from Mr Chew Heng Ching, MP of Kaki Bukit, at the opening of the exhibition and conference at the World Trade
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    • 254 3 TAX ON ELECTRICITY and gas charges for all users have been suspended for two years, starting from Nov 1, 1965. Electricity tariffs will also be cut by 0.82 cents per kilowatt hour or an average of 5 per cent because of lower fuel oil prices.
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    • 136 3 SCHOOL and private hire bus owners have been told not to feel threatened by the opening of the Mass Rapid Transit in three years' time. There will still be a need for such buses because the MRT is designed to offer trunk-line services only in the
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    • 107 3 A FOUR-MEMBER tripartite delegation will attend the 10th ILO Asian Regional Conference held in Jakarta today. The 10-day conference is to discuss the report of the Director-General of ILO (International Labour Organisation), rural and urban vocational training, and vocational rehabilitation of disabled persons. Mr Eugene
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    • 60 3 THE NATIONAL University of Singapore will spend $2.64 million on a Comput-er-Aided Design (CAD) system at the School of Architecture. With the installation of the system by March, the school will seek to integrate CAD into its existing curriculum to train students in the use of
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    • 259 3 "EVERYTHING IS RUNNING as normal" was the comment made by staff at the Orchard Hotel, most of whom appeared unaware of the controversy stirred up by its owner, Pan-Electric Industries Ltd. Guests were checked in, diners served in the restaurants and Christmas decorations
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  • Page 2 Advertisements
    • 431 2 APOUO" DOMAIN v v^ allthe^^ents THE BORN In 1980, ApolkT Domain was conceived to set a new standard tor computers in engineering. Key people from the computer industry formed a venture capital company, which went public in 1983 as Apollo 1 Computer Inc. In a short period, Apollo has become
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    • 161 2 Catch the good feelings at the Tavern Show Bar. 4 The Plaza Hotel is proud to present the charming duet of Kuo Po and Belinda Foo, appearing nightly at the Tavern Show Bar. TTieir repertoire ranges from sentimental favourites to the latest pop hits, and their mellow harmonies can't help
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  • Page 3 Advertisements
    • 141 3 mmWEt&GA V ■X iw K:.. j r t z /V^fe 552 TA/Pfc L/f* K£ v z/KJ^ r^Gj<o I Z' Is SAKA EOUL Now Cathay Pacific provide a long stretch even for short stretches Now you can enjoy the same First Class comfort on short Super TriStar flights as you would
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  • OVERSEAS
    • 373 4 AP LEGISLATION to curb US imports of textiles and clothing from East Asia is heading for final action in US Congress with sponsors confident of passage but uneasy over the possibility of a presidential veto. "I'm not totally convinced that he (President Ronald Reagan)
      AP  -  373 words
    • 108 4 AFP WAGES AND PRODUCTIVITY in the US are likely to rise only a little next year. The Conference Board, a business research institute, said in New York that hourly salaries in the production sector, accounting for 80 per cent of the total workforce, should
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    • 146 4 Reuter BRITISH judicial authorities said they were investigating allegations of fraud at two syndicates in the world's largest insurance market, Lloyd's of London. Solicitor-General Sir Patrick Mayhew told Parliament the Director of Public Prosecutions had asked Lloyd's to disclose information about the syndicates.
      Reuter  -  146 words
    • 333 4 AP CHRISTIAN CHURCHES, trade unionists and small shopkeepers on Monday night lost the first round of their fight to halt plans by British Prime Minister Margaret Thatcher's conservative government to allow stores to open legally on Sunday. The House of Lords voted 141-85 against amending
      AP  -  333 words
    • 231 4 AP ONE IN FOUR Americans cheats on his tax returns, but most say it is wrong to cheat on a husband or wife, a new poll indicates. Marriage vows apparently make all the difference, since a clear majority says there is
      AP  -  231 words
    • 345 4 Reuter SECRETARY OF STATE George Shultz has appealed for Latin America to back a US plan he described as "a kind of global bargain" to restore economic growth and stability to heavily indebted nations. "There must be a comprehensive approach," he told the annual assembly
      Reuter  -  345 words
    • 315 5 AFP JAPANESE Prime Minister Yasuhiro Nakasone on Monday ordered his administration to draw up by the end of this year a definite plan to lower Japan's tariffs on forest products. Newspapers in Tokyo quoted government sources as having said that Mr Nakasone, at
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    • 798 5 ARRIVALS Operator Scrvicc number Local time From UTA OA RAF SIA PAA UT3599 OA471 Ascot 2459 SQ1I PA21/5 0010 0030 0100 0125 0)55 NOU ATH BAH LAX/TYO LAX/TYO/HKG SIA CAL MAS SQ41 CI010 MH681 0615 0740 0820 MAA J6D/DHA KUL KAL MAS MAS MAS SIA RBA CPA
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    • 330 5 AFP THE REAGAN administration on Monday tried to distance itself from the Philippine court ruling that acquitted armed forces chief General Fabian Ver and all 25 co-accused of the 1983 murder of opposition leader Benigno Aquino. State Department spokesman Charles Redman said it was
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    • 392 5 AFP OPPOSITION LEADER Corazon Aquino has announced she will run for president in the Philippines's Feb 7 special election, ending weeks of speculation about her political plans. Her declaration yesterday came hours after President Marcos signed into law a disputed Cabinet Bill setting the
      AFP  -  392 words
  • Page 4 Advertisements
    • 483 4 Now take advantage of a unique opportunity to get even more value with an IBM Personal Computer. FREE FREE A color display and a color graphics adaptor worth $2215* with the purchase of a powerful IBM Personal Computer AT (base or enhanced) Base model at $9732* Includes: System Unit with
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  • Page 4 Miscellaneous
    • 74 4 Doonesbury *25 MILLION! MOM, ARB yOU 9JRB THERE HASNTOEEN THATS CERTAINLY A REMARKABLE LOTTERY SOME MISTAKE* PRIZE, SIR. 1 ft a YOU V HAVE HALF OF IT, OKAY? NO, NO, 1 ABSOLUTELY INSIST! 50%! vm GENEROUS OF YOU, SIR. ,-G SA BY GARRY TRUDEAU I JUST HOPE IT ALLI/UORKS OUT
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  • Page 5 Advertisements
    • 49 5 Fastest Daily to San Francisco. i All-Girl Korean Band THE FESTIVAL 7.00pm 2 00am Live-Band Music Non-Stop Dancing Charming Hostesses Gracious Service i <w /> VoOP^ W 0& q OOP lo O r 7.0 itf Nile-Club l-ouiuji' 1. Claymore Drive, #02-11 Orchard Tower (Rear BlocKi Singapore 0923 Tel *****26 0
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    • 37 5 CAM US XO ELECTED THE BEST J i 1 sss> •V Tht ffitfrrwltrTwrf Wiatft 6pint Competitioe UN GOLD AWARD f\nb*wr Fmtndby smji < tmk »Tocornrru*«u»*«. frit#***********- j rr*j I I -AMU XO CAMUS XO XO at its best
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    • 3 5 Lseder, Pag* 10
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  • WORLD BACKGROUND
    • 878 6  -  Controversy over future status of nationalised companies As France's Socialist government and centre-right opposition prepare for parliamentary elections in March, political controversy has erupted over the fate of its nationalised banks and industries. CLAUDIA RADER reports. CLAUDIA RADER Reuter THE FRENCH OPPOSITION, iphich is widely
      Reuter  -  878 words
    • 422 6 FT THE FRENCH government has eased restrictions on French companies investing abroad as part of a significant relaxation of foreign exchange controls oft both companies and individuals. The moves are in line With the government's policy of deregulation and of opening up the financial markets. But
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    • 737 6 UPI HOBBLED by slack demand for its products overseas and burdened by growing unemployment at home, South Korea's economic dragon is beginning to sputter. For two decades the country hps been a miracle of growth, an agricultural backwater that built itself into an industrial giant and
      UPI  -  737 words
  • Page 6 Advertisements
    • 285 6 i i For Good Grooming Good grooming advice can only come from experts like Ermenegildo Zema. Ermenegildo Zegna has a team of designers and fashion consultants to research into the latest trends and feature them in their annual catalogues of finest men's fabrics. To combine the superb tailoring found in
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    • 116 6 With Scan Dutch Youll always hear from us I? nSEL K i v A mr <1 mi* fi i y "We'll keep you informed". That's a promise often made but seldom kept. And usually happens after you've booked your cargo and when you enquire on its statcOT Scan Dutch has
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  • Page 7 Advertisements
    • 211 7 A PRIME POSITION IN 1 1 FORTUNE 500. It has come to our attention that many people in Singapore haven't heard of Prime. And even when they have, they're not quite sure why. Actually, we make computers. Not just any computers, but specifically superminicomputers. And although we say it ourselves,
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  • TRAINING & DEVELOPMENT
    • 484 8 Seminars and W* Courses J Cahners Tel *****13 1 J Exposition Tlx RS ***** 1 V 1 Group Fax: *****66 DURATION TITLE VENUE ORGANISER TELEPHONE Dec 10 Auditing the Acquisition and Implementation of Hilton Hotel Singapore Society of Accountants *****20 Computerised Systems *****63 Dec 12 Introduction to S«ngapore
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    • 466 8  -  Bid to match unequal demand By ANNA TEO EQUAL NUMBERS of engineering graduates specialising in various fields of study each year will not match unequal demand for their services. With this in mind, the Nanyang Technological Institute will take in more electrical and
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    • 132 8 TWO SEMINARS on international tax and business issues will be conducted this week by Arthur Andersen Associates partners and managers from the Netherlands, Hongkong, Britain, Australia and the US. The first seminar will focus on innovative financing techniques and their implications in the US, Europe as well
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    • 405 8  -  By JAIME LYE THE SHERATON TOWERS Hotel plans to achieve a low staff turnover with an individualised, five-year training plan for each employee. In this way, each employee starting work at the new hotel will know Just where he will be in five years' time, said
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    • 109 8 NGEE ANN POLYTECHNIC will present 115 participants with certificates for completing courses run by its mechanical engineering department. There were four courses providing continuing education and upgrading opportunities to those currently employed. The successful participants, who will get their certificates on Dec 5 at
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  • Page 8 Advertisements
    • 133 8 THERE'S A SMARTER WAY TO PRESENT YOUR SMART IDEAS THE KROY WAY™ Memos Newsletters Reports Presentations Charts Graphs Overhead Transparency Slides MAMAG(MtNT GO MS KRAUS Old Way Kroy Way Old Way Kroy Way The KROY way is the smartest way to make virtually any printed message.... look bold, eye-catching and
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    • 115 8 >5 e i I The Saville Row of yf Singapore r Why do diplomats, executives and artistes in Singapore and from different parts of the world single out Chanrai's for their suits? Because they only want more of the same: the same high standard of material, designs and superb cut
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  • BANKING AND FINANCE
    • 754 9 SINGAPORE THE US DOLLAR yesterday rebounded against most major currencies in moderately active late trading to close higher compared with New York's levels. The dollar opened slightly lower due to some profit-taking after its rise in New York, then fluctuated within a narrow range before rising in late
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    • Article, Illustration
      309 9 Asian market ASIAN DOLLAR deposit rates closed little changed at firmer opening levels in quiet afternoon trading yesterday. Rates were underpinned initially on high US federal funds, lower US bond prices and fading hopes of a cut in the US discount rate. Overnight, Wednesday/Thursday and week fixed closed at 8%
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    • 356 9 EURODOLLAR futures gapped sharply lower in Simex yesterday owing to massive liquidation of US bonds in Chicago on Monday night. March Eurodollar opened unchanged from IMM's closing level at 91.82. Prices attempted to climb higher but was heavily resisted at 91.84. The Japanese central bank governor's remark that there
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    • 263 9 HONGKONG: GOLD PRICES yesterday closed slightly higher though at its lows, coming under light selling pressure from Europe. Short-covering by local commission houses and fresh buying from Japan supported the metal earlier in the day. Bullion finished at U*****.60/323.00 per ounce, down from its high of $323.30/60 compared with
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    • 246 9 Interbank rates at 3pm yesterday: ClIfTWKlM Hominci Bid 1 ratM 8 Otter c roai portly ctM««a Local dollars to on* umt of foreign currency: US doflar 2 1230 2.1240 ***** -24 71 Sferimg pound 3.1590 3.1626 7 3469 -57 00 Austroban dollar 1 4372 1 4400 3 4286
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    • 121 9 THE OVERNIGHT rate on the Singapore interbank money market fell by 1% points from Monday to close at 3Vi per cent yesterday. The one-month term rate rose by x /t point while the two- and three-month rates rose by point each. S$ Interbank rates at 3pm yesterday: OH;
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    • 468 9  -  By ALVIN TAY CHEMICAL BANK and Chemical Sanwa Merchant Bank have finally succeeded in putting together its US$3O million loan package for Tan Chong Motor Holdings Berhad. But the final package, signed last week, takes the form of a syndicated revolving credit facility instead
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    • 152 9 THE POST OFFICE Savings Bank yesterday launched a quarterly newsletter The Saver to forge closer links with its depositors. POSB chairman Tan Chok Kian said in a message published in the newsletter's inaugural issue: "Any business must serve the needs of its customers. This is
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    • 98 9 OVERSEAS UNION Bank yesterday signed its US$9O million capped floating rate certificates of deposit with a six-bank management team. The five-year paper was arranged by Bank America Capital Markets Group. The five comanagers are Bank of China (Singapore branch), First Chicago Asia Merchant Bank, Indosuez Asia
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    • 336 9 Reuter BANK OF JAPAN governor Satoshi Sumita said recent coordinated intervention by central banks could lead towards a sort of managed floating rate system. With regard to the future exchange rate system, Mr Sumita said: "My personal impression is that the
      Reuter  -  336 words
    • 145 9 Reuter AMERICAN ASSISTANT Treasury Secretary Manuel Johnson has said the dollar will stay strong even if federal spending is reduced and the budget deficit curbed. In remarks to a conference of the American Enterprise Institute, Mr Johnson said on Monday the dollar's strength reflected
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    • 327 9 UPI AMERICANS will be able to buy new US gold coins next year for the first time in half a century under a Bill passed by the House of Representatives on Monday and sent to President Reagan. On a voice vote,
      UPI  -  327 words
  • Page 9 Advertisements
    • 59 9 And remember... In Raffles Place, with direct basement access to the MRT Column-free floors Advanced elevonic lift system Superb finishes Computerised security Spectacular views 6d ■■■j|F Battery Road Standard ft Chartered Standard Chartered Bank 6 Battery Road Singapore 0104 Telex RS ***** 225-8888 Sole Letting Agents Jones Lang Wootton 65
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    • 186 9 4 I. 3V. -**5^ X /A' Diner Wit Af *U^. 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
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  • FEATURES
    • 502 10 NOW THAT THE VERDICT in the Aquino murder case is out, the words "safe return home" are never going to mean the same again. The court has found that those whose job it was to ensure the safe return home of President Marcos's arch-rival
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    • 1017 10  -  Increased spending in takeovers and new ventures The Nestle Group, one of the world's largest food multinationals and Switzerland's largest, has lately expanded its activities to acquire a perfumery, a fruit-juice company, and a coffee-making factory, reports LISA LEE who recently visited the company's chocolate factory
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    • 545 10  -  Letter to the Editor M. Lee Dew Sir, The current crisis in the Stock Exchange represents the culmination of the ills that are at present plaguing our economy. Perhaps the whole game of stocks and shares may be summed up in a word: confidence. It is
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    • 1223 10  -  Singapore has seen that moving into electronics is no guarantee of straight-line growth, but nowhere is that lesson being learned faster than in the place where it all started. ROBERT LINDSEY reports on Silicon Valley's re-appraisal. ROBERT LINDSEY NYT SOMETHING UNEXPECTED
      NYT  -  1,223 words
  • Page 10 Advertisements
    • 175 10 THERE'S NOTHING WE CAN TELL YOU ABOUT THE EQUATORIAL THAT YOU DON'T ALREADY KNOW V "V- A EXCEPT, PERHAPS OUR LITTLE GESTURES THAT HAVE BECOME ATRADHTON Yoii probably know about our ;i(M) furnished rooms and suites, our famous rest aura ills, the Kampathi, die Golden Phoenix and ihe Chalet, our
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  • Page 10 Miscellaneous
    • 815 10 CRYPTIC PUZZLE ACROSS 1 Footwear to boast about? (5) 6 Frank's railway organisation (5) 9 Place for wine, though the cat gets water (7) 10 Figure there's an anagram (5) 11 Instrument, possibly collector's piece (5) 12 Reserves of literature (5) 13 Prepared to be a star? (7) 15 Music
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    • 32 10 L£.TS G>o DOLOU TO \NVOIGK6 p*nid see hou) TMe ngx>j CMPvP is G£HTns)G> on my sfmntgo RUNT' THPvT'S £eRD>NG ep\£\->/ eoiTioN or TM£, '&.VCNH4G THNGS' IsiTS.VRC. COUUroM... SO SOCN_DjS6NCHPiNTfv 1 N -|-p
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  • SPORTS
    • 730 11  -  By WALTON MORAIS SINGAPORE, growing increasingly confident with every match, is poised to finish fifth or sixth in the world squash team championship after upsetting sixth seed Egypt 2-1 in Cairo on Monday. Led by triumphant performances from Peter Hill and Zainal Abidin, the Republic
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    • 592 11  -  By SHAHRIR ARIFF I USED TO think only idiots would go to Shah Alam from Singapore to watch the Grand Prix motorcycle and car races. But I found myself among them last Sunday, to watch the World Championship Endurance Race. And what a race
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    • 181 11 Reuter BRITAIN'S JOHN LLOYD staged one of his best fighting performances in years to upset seventhseeded Swede Joakim Nystrom and move into the quarter-finals of the Australian Open tennis championships yesterday. Two other Swedish seeds, Stefan Ed berg and Mats Wilander, survived their
      Reuter  -  181 words
    • 410 11 AP BRITISH AND AMERICAN yachting teams, rivals in the 1987 America's Cup, were united on Monday in their condemnation of a bid to sell one team's keel design plans to the other. A man held in connection with the attempt to sell the secret
      AP  -  410 words
  • Page 11 Advertisements
    • 254 11 Why settle for less TITLEIST 384 golf ball is miles ahead of its rival. The Official Ball Count on the U.S. Pro Tour Circuit places TITLEIST in the No. 1 spot, leading by 5 to 1 over its nearest competitors. (Source: Darrel Survey Company, U.S.A.) What's more TITLEIST 'No-Cut' Guarantee
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  • Page 11 Miscellaneous
    • 1126 11 TO QUE) [IMiXKD APPLAUSE: On Broadway Gypsy 9.30 pm, Channel 12 Tha lata Natalia Wood plays Louiaa One of the great Broadway musicals, with a score by Jule Styne and Stephen Sondheim, it tells the story of Rose's tribulations and triumphs as she lives out her fantasies of stardom, first
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  • INTERNATIONAL STOCKS
    • 520 12 Reuter DISTILLERS GROUP PLC's defence against Argyll Group PLC's £1.86 billion bid appears to centre on a referral to the Monopolies Commission and the claim that Argyll does not understand Distillers's international business, according to analysts. Argyll announced its long-awaited bid
      Reuter  -  520 words
    • 333 12 Reuter THE NEW YORK stock market closed sharply and broadly lower on Monday as profit-taking hit blue chips, including drug issues, after a 10-week rally. Oil shares were knocked down by lower spot oil prices and futures prices. There was also some nervousness with a
      Reuter  -  333 words
    • 98 12 DCC 02 AbitAx a 18 Imp Oil Inco Int Pro* Pip« 54* 16* 44* 18* unch 35'* 15* 20V. unch 21* 3* 33* Mc Bio del 19* unch 14* 20* Bel Conodo 42* 27* BP Con Ltd 33* 34* 13* 42* unch 4* 17* 34* 12* i*>ch Cmbl Rd
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    • 203 12 DEC 02 Rand Unnec Woolwoflh 605 I435S unch INOUSTIIALS MININGS A Alpha 950 15 Abercom 190 AE And a 940 5 1725 7900 -90 -?V) Amaprop 450 -5 25 -35 Btyyoors Butt eh 3275 1375 Charter 975 C G Smith 2350 -100 Cons Gold CNA 200 10 Ones 4975
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    • 617 12 DCC 02 USS Alcon Alurrwi 25* Alcoa 35V. Akegheny Lud 21 Afced Own Cp 45* Abed Stores 66 Al»-Chalmers 3* unch Am Brands Inc 60'* Am Broodcosf 119* Am Can Co 60 3* Am Cyanamd 58* unch Am Elec Pwr 22* Am Express 48W -4k Am Home Prod
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    • 793 12 Amsterdam DEC 02 Fb ABN 535 50 -10 5 112 50 -2 5 Ahold 75 10 -0 8 136 00 -2.6 AMEV 79 00 -1 2 Amro Bonk 98 50 -1.3 38 50 -0 5 Bob Boreum* Boikote Bur Tat ***** -15 Cotond Catv* ***** +10 D«* M,
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    • 49 12 Reuter BOEING Co has agreed to acquire De Havilland Aircraft Canada Ltd (or Cslss million, including $90 million in cash. Canadian Treasury Board president Robert De Cotret said the arrange-, ment included a $65 million note repayable over an unspecified period of time. Reuter
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  • Page 12 Advertisements
    • 174 12 421 M |5 P T ta 4 a What is local, ddidoosly ihohiot, home-cooked and reasonable in price? v^srn -s: w Lift the lid and delight in the appetizing aroma of chicken, beef, pork or seafood cooked and served with fragrant rice in a special earthen casserole At 59.50* each.
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    • 159 12 The sensational new Carpio. Tonight at the Kasbah. Sandy is Teresa Carpio's younger sister. And she's one dynamic lady on stage. She adds even more puncn to the all-new entertainment lineup. Tnere's WanChai from Hong Kong. The Snapshots. And disco wizard Victor Khoo and his super disc jockeys. Nostalgia time:
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    • 56 12 HUANCPAIA u a Lunch IMm to 2 30pm daily Sundays and Public Holidavs Bam to 2 30pm H5«. ®p*csic(cnt vjUcrf CM 3Uotef 181. Kitchener Road. Singapore OF?!) Tel 2V***** Date Dec. sth, 1985 Place: Trishaw Coffee House Time 12 noon to 2 pm Price: $12.50++ (adult) $7.00 (child) Hotel Royal
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    • 105 12 iWlm B 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 Your Best Remedy at the Den tet
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    • 161 12 Stockholm pricos wore unavailable. London stocks on Pago 17 Cafe de Prince's V r V~ delightful daily buffet luncheon Teast on 40 delicious dishes. Menu changes every fourth day. At $14++ (adult) and $10 (child). ORown PR/MCE HOTEL INCAPOMC Iwugrd by rnnc* Ho«rt» Japtr Continuing the Prince Hotels tradition of
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  • ASIAN STOCKS
    • 380 13 HONGKONG: Share prices closed sharply lower yesterday on increased concern over the suspension of trading on the Singapore and Kuala Lumpur stock markets. Brokers said overseas fund managers, particularly from London, sold heavily to raise liquidity to cover redemption requests by their clients. The Hang Seng Index fell 30.51
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    • 226 13 DCC 03 NT Lian Hwa Indus 1280 28 50 0 1 -0 1 Al Sincere Indus Asm Cement 1 93 21 40 -007 -05 Pacific Cons Pacific Elect W»e 15 70 13.10 0 1 -0 05 Chang Hwa Bank 43 80 18 30 0.4 0 2 Paoiung Papar Sharp
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    • 379 13 TOKYO: Prices drifted lower in moderately light trading, led by weakening international populars and domestic-oriented issues. The market average lost 22.37 to 12,774.55, after gaining 17.39 on Monday. Turnover was 270 million shares against 210 million on Monday. Export-related electronics, precisions and cars eased on continued worries over the
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    • 68 13 DCC 03 Ptm Montee) Ownfal B 0.013 -0 002 0 1350 -0 005 Ar>g»o PtW 0 001 P-cop B PLOT Pcxlco B unch 0 001 unch P09W Bcrwc Petroleum 0 003 90 San Migual B 1650 unch 0 0046 0 0002 B#oau€t Con. B CDCP S«ne Oorty 7 40
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    • 409 13 SYDNEY: Australian shares closed slightly easier following lower overseas markets and lack of confidence in gold stocks. Dealers said gains by BHP pulled the market up with the purchase of around 10 million shares by Bell chief Robert Holmes a Court in an options-related deal bolstering turnover. But by
      409 words
    • 74 13 DEC 03 Won 750 -20 Hyundoi Const Hyundai Motor KAL 900 1450 556 -29 -48 -14 700 -25 750 -?S Commercial Bk 765 590 unch -5 Yukong 1420 422 15 575 •15 Lucky Ltd 733 -3? Daewoo Ind 1025 581 50 -4 Samsung Co 745 1251 1 -1A -20
      74 words
    • 120 13 DtC 03 -1 ■0 75 -2 61 -3 5 S«om City 486 -2 Auo ftxt Ayuthoyo kt» And Tru»» 144 South Ana Fix* Strong Pock Thai Conwwfciol 526 8 Bangkok A70-W Bangkok Bank Bank CM Ayudhaya Ltd 24.50 206 119 Thai Danu Bank Thai Farm** Bank Thai bvkstnal 309
      120 words
    • 38 13 Reuter EVERGO INDUSTRIAL ENTERPRISE, Chuang's Holdings and its two subsidiaries, Lambda Technology and Chuang's Properties, have asked the four Hongkong stock exchanges to suspend trading in their shares pending an announcement, exchange spokesmen said. Reuter
      Reuter  -  38 words
    • 484 13 Reuter NEC CORP, Japan's giant high technology company, is poised to become a major force in the crucial North American information technology market, a report by a Toronto analyst group says. The report, issued recently by Domicity Ltd, predicts "gradual but
      Reuter  -  484 words
    • 358 13 Reuter CHINA has approved few purchases of foreign computers since March, when strict currency controls were imposed, but representatives of foreign computer companies are still convinced the Chinese market will one day be huge. Business boomed in 1984, with sales estimated at about US$42O million, foreign
      Reuter  -  358 words
  • Page 13 Advertisements
    • 659 13 to wlm Mm i? u% For a Bsranakan Buffet Lunch so good, even Norryas feel at home. For over a decade we've been known for Peranakan Buffet lunches with a home-cooked flavour. You too can enjoy the pleasure daily, for only S$ 14.00++ per person. The Luna Coffee House, Apollo
      659 words
    • 137 13 f Hot rock or favotxtte contemporaries, this popular all-girt*. Six Angel* Band, play* and ainga right into your heart Brings you Into a world of pore entertainment while you drink away into the night. HAPPY HOURS: spm 7pm daily B.oopm 1 00am (Mon Fri) B.oopm 2.00 am (Sat A eve
      137 words

  • RAW MATERIALS
    • 185 14 EVEN IF THE International Tin Council (ITC) eventually manages to wrestle its way out of the worst ever tin crisis, prospects for producers look bleak. A big price drop, triggering mine closures and colossal Job losses, seems inevitable, say experts. Talks between
      185 words
    • 200 14 WHEAT futures in Chicago on Monday recovered after midday and closed as much as three US cents a bushel higher in spot December. Distant July ended unchanged, while December finished near the top of a 5% -cent range. After wheat values were dragged down by a sharp fall in
      200 words
    • 195 14 SOYBEAN futures in Chicago on Monday closed five to VA US cents a bushel lower. January ended near the middle of an 11% -cent range, down 4% cents at $4.94 V*. The sell-off came shortly after the start, as prices retraced part of the gains made in the past
      195 words
    • 384 14 THE FIFTH and final emergency meeting of the International Tin Council (ITC) to resolve the tin crisis began in London on Monday with no signs of an early solution. A spokesman for the council said that discussions would most probably take
      384 words
    • 223 14 A BANKERS' rescue package designed to end the tin crisis, now in its sixth week, is dividing Britain and its nine EX] partners. The division of the EC the ITC's largest importing membergroup which possesses half of the consumer votes is destroying hopes of an
      223 words
    • 215 14 SINGAPORE THE MARKET closed slightly higher yesterday with January One RSS buyers quoted at 152.75 cents per kilo, up 0.25 cent from Monday. The morning session ruled very quiet with prices hovering narrowly around overnight levels on lack of interest. Values remained little changed in thin afternoon trading on
      215 words
    • 325 14 RAS prices in S cents/kg, FOt hi t Kites NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 150 50 151 SON 150 50 151 50N Int 1 RSS Jon 86 152.50 153 00 152 75 153 25 Int 1 RSS Feb 86 ***** 154 00
      325 words
    • 103 14 (c*ntt/kg, 1-ton """'jANM FEB 86 (currant month) (forward month) NOON NOON RAS Buyers Byywn Stlltn SSR 20 148 50 150 SON 149 50 151 SON SSR 50 146 50 148 SON 147 50 149 SON MRELB »«y^ S*Herj Buyers Sullen SMR CV 207 50 209 50N 208
      103 words
    • 111 14 MALAYSIA'S two tin smelters have raised advance payments for ore from local miners to MsB,ooo a tonne from M 56,000. Mine owners said that the move by Malaysian Smelting Corp Sdn Bhd and Datuk Keramat Smelting Sdn Bhd would alleviate cash flow problems faced
      111 words
    • 154 14 THE MALAYSIAN crude palm oil market yesterday closed mixed amid further covering interest and prof-it-taking. Trading was thin as sellers were reserved in anticipation of further improvement in prices due to the current seasonal downtrend in palm oil output. Dec deliveries in the north region rose M 57.50
      154 words
    • 179 14 Yarn (In HK$ p«r bot* ol 400 lb) China cordod yarn, cones Blue Phoenix I6's 2,450 Slue Phoenix 20'* 2,600 Bkj« Phoenix 32'» 3,000 Blue Phoenix 40'» 3,300 Girded yam, hank Blue Phoenix 2l't 2,750 Combed yarn, cones Blue Phoemx 32's 4,250 Blue Phoenix 40'J 4,450 Open-end yarn Blue
      179 words
    • 73 14 Renter TWO PROVINCES In China Xinjiang and Hunan are reportedly purchasing above-quota cotton. The US Agriculture Department's officer in Beijing said in a field report, dated Nov 27, that this year's official policy was for farmers to take responsibility for the sale of cotton produced above
      Renter  -  73 words
    • 151 14 Chin«N Produce FOB NSW 605 00 Exchange Nutmeg 496 00 (Sellers' noon dosing fx 'ices on 110 FOB NSW Doc 3 (S$/100 kg). E&W FOB NSW 438 00 Coconut oil Gambier Bufc. FOB 6500 330 00 Od drum FOB 78 00 FOB NSW Now drum FOB 82 00
      151 words
    • 281 14 Singapore C-l Od unq (SS/kilo, em-eedeww) Loonzain Rice I Frogront new crop 1st 0.76 2nd 0.58 100% 1st grode 100% 2nd grode 100% 3rd grode £3 unq 3rd 056 Parboiled Rice New Crop no stock 5% 215 25% 10% 210 10% no stock Thoi Broken Moize unq A-vjpef Special
      281 words
    • 799 14 COFFEE Robusta futures on Monday closed £48 to £69 a tonne above Friday's finish in heavy turnover, boosted by> concern over drought damage to the 1906/87 Brazilian crop and a surge to limit-up in New York. Prices ended just off the highs on light profit-taking after rising on
      799 words
  • Page 14 Advertisements
    • 181 14 The tin market remains suspended We're proud to announce the perfect conference address. m "Z vx i m aM letehr TTLM 9* ii From April there will be no finer venue for your meeting or conference than the Shangri-La Inn, Penang. And you can book now by calling Stephen Cheah
      181 words

  • STOCK MARKET
    • 4388 15  -  By AMY CHEOK INVESTORS' CONCERN over the Pan-Electric crisis deepened yesterday as the suspension of share trading on the Stock Exchange of Singapore and the Kuala Lumpur Stock Exchange entered its second day. But sentiment was lifted somewhat when news filtered through that the Monetary Authority of
      4,388 words
    • 116 15 AFP NEWS OF the suspension of trading on the Singapore and Kuala Lumpur stock exchanges prompted widespread selling of companies with interests in East Asia on the London Stock Exchange on Monday. Overseas traders were particularly badly hit with Harrison Crosfleld down 15 pence at 336 and Inchcape
      AFP  -  116 words
    • 183 15 NERVOUS SELLING largely attributed to the temporary closure of the Singapore and Malaysian stock markets yesterday trimmed Hongkong's Hang Seng index by more than 30 points. The index closed at 1,664.06, down 30.51 points. Yesterday's plunge followed Monday's fall of 22.38 points which local dealers had also blamed
      183 words
    • 306 15 Bernama THE KUALA LUMPUR Stock Exchange (KLSE) has sent a new statement to stockbrokers on outstanding contracts which contradicts the announcement made by the exchange on Monday. It is learnt that the exchange informed the brokers yesterday afternoon that all payments to or from brokers in respect
      Bernama  -  306 words
    • 779 15 NYT THE BULL MARKET in stocks has assumed global proportions this year, thanks partly to the infusion of cash from pension funds and other investors in the United States. But foreign markets felt a decided chill this week with the weekend announcement that
      NYT  -  779 words
    • 107 15 HONGKONG Monday 1462.3 Week ago 1464.9 Hong Seng Index Tuesday 1664 06 NEW YORK Mondoy 1694.57 Week ogo 1738.35 Dow Jones TOKYO Monday 1457 91 Friday ******3 Nikkei Averooe Tuesday Week ago 1456.65 Monday ***** 92 Week 090 ***** 10 Stondord Poors Mondoy 200 46 Friday *202.17 TSE
      107 words
    • 194 15 Monogers' prices MARA-Bumiputra for Dec 4 First 6 putro Second B'putro close a closed Singapore Unit Trust Third B'putro Fourth B'putro closed closed The Commnc# closed Fifth B'putro closed The Savings Fund closed Sixth B'putro closed S'pof Prog Fund closed Seventh B'putro (A) closed S'pof e Sec Fund
      194 words
  • Page 15 Advertisements
    • 46 15 NOTICE OF REMOVAL Richards, Hogg International Pacific Services (S) Pte Ltd Please be advised that with effect from Monday, 9th December 1985, our address will be as follows:19 Keppel Road #03-05 Jit Poh Building Singapore 0206 Our Telephone. Telex and P O Box numbers remain unchanged
      46 words

  • THE PAN-EL CRISIS
    • 228 16  -  By LORETTA McLAUQHLAN GROWTH INDUSTRIAL Holdings, the investment holding company which holds a 31.6 per cent stake in debt-laden PanElectric Industries, yesterday issued a statement saying that it is reviewing the implications of its substantial investment in Pan-El in the light of the
      228 words
    • 221 16 SUPREME FINANCE Bhd is In a sound financial position and is able to meet all its obligations, Bank Negara governor Datuk Jaffar Hussein said in a statement yesterday. The assurance came in the wake of unusually heavy withdrawals of deposits from the finance
      221 words
    • 855 16 TAN KOON SWAN, the key figure in the Pan-Electric Industries crisis, said he has not given up hope of saving the financially stricken company. "I am still studying the possibility of a rescue operation I am still in contact with (the
      855 words
    • 747 16 THE PROBLEM OF Pan-El has not been the absence of solutions, but rather the consequence of normal solutions and the impact on the marketplace of a group of secured or unsecured creditors exercising their remedies in the normal way. As shareholders rank last In any distribution
      747 words
    • 177 16 BRITISH AND MALAYAN Tnstees United: AGM at the Board Room, 17 Philip Street, #08-00, Grand Building, Singapore 0104 today at 3 pm. TONGKAH HARBOUR TIN Dredging Btifl 44th AGM at the Conference Room, Malaysia Mining Corporation Berhad, 39th Floor, Menara PNB, 201A Jalan Tun Rezak, Kuala Lumpur today
      177 words
    • 719 16 LAST FULL YEAR Compony Period Date Yeor Net EPS Gross Net announced udmg (cents) div profit last yeor r 000) Pohong Inv Final Jan 31 Dec 84 9.352L k A M A Lam W IOvOvO Interim Jul II Sep 85 125 190 3.070(d) Mulpho Intl Interim Aug 24
      719 words
  • Page 16 Advertisements
    • 87 16 REMY MARTIN XO SPI s C H SHO?^ IQ Worth leaving the country for If you've got to go, make sure you go with a bargain. Pick up a bottle of your favourite tipple at the Duty Free Shoppers stores at Singapore's Changi Airport You won't get it for less
      87 words
    • 281 16 NOTICES COMPANIES ACT, CHAPTER 184 K M OFFSHORE SERVICES CO PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING OF MEMBERS NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Cap. 185 that a Final General Meeting of the Members of the abovenamed Company will be held at
      281 words
    • 464 16 NOTICE OFFICIAL NOTICE Proposal to change a ship's name 1 We, Wallem Shipping (8) Pte Ltd of 10 Raffles Quay #35-01, Hong Leong Bunding, Singapore 0104 hereby give notice that in consequence of the by our principals of the ship mentioned below, have applied to the Registrar-of Singapore Ships, under
      464 words

  • COMPANY NEWS
    • 429 17 i 3SKM2.J By HOCK LOCK SIEW IMATEX BHD, formerly known as India-Malaysia Textiles Bhd, is believed to be on the verge of involving itself in another rescue attempt at ailing and long-suspended Gula Perak Bhd. It is likely that a joint venture will
      By HOCK LOCK SIEW  -  429 words
    • 932 17 SHARES yesterday opened lower extending Monday's sharp falls in moderate volume. Prices declined in line with Wall Street overnight, with sentiment further depressed by the suspension of trading on the Singapore stock market. At 0945 GMT the FTSE 100 Index was 6.1 down at 1,412.4. Trafalgar House rose
      932 words
    • 593 17  -  Looking forward to a windfall in Australia By NAJEEB JARHOM CRISIS-PLAGUED Malaysia Mining Corp (MMC) has received good news from its diamond venture in Australia. The world's largest tin mining company, struggling to identify new business areas following the tin debacle, is looking forward to
      593 words
    • 830 17 Current payment Ex Books Dote Total tor Total for dot* close payable the year last year A B N I3%l Aug 19 NYA NYA 13% 26% A 1 S B IO%(b) Dec 11 Dec 21 Dec 28 10% 10%(a) A Enterprises 10%l Nov 12 Nov 22 Dec 10
      830 words
    • 453 17 Bernama MALAYSIAN AIRLINE SYSTEM is keeping a close watch on developments on the Kuala Lumpur Stock Exchange and will make an announcement tomorrow on its scheduled listing on the exchange on Dec 9. At press time last night, there was still no confirmation on
      Bernama  -  453 words
  • Page 17 Advertisements
    • 62 17 f IV 1 The Concord Mariner For him 18 karat gold, black 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 S^ UI Hwa Jewellery Chew Cheong Jewellers Roy Eastern Watch Jewellery
      62 words
    • 152 17 Merry Jolly and Exciting Do something exciting this year. Celebrate Christmas and New Year in an imperial China Palace. Dinner and Dance (atortys4Bperpereon) Enjoy a set course of sumptuous delights with complimentary champagne at only $48 per person. Then dance to the latest musical hits at the disco with the
      152 words

  • 469 18  -  Problems of cash-flow and operating deficit By FOO CHOY PENG AN APPEAL for financial aid has been made by the Singapore Professional Centre (SPC), which is facing serious operating deficit and cash-flow problems. In a confidential letter to members of associations affiliated to the SPC,
    469 words
  • 235 18 AJINOMOTO COMPANY, a leading Japanese integrated producer of foods and seasonings, yesterday launched its first US$l2O million Euro-Asian bond issue in Singapore and London. The five-year issue will consist of two tranches. The first portion of US$4O million will be offered mainly in Asia
    235 words
  • 81 18 Reuter A SENIOR Taiwanese official has been barred from Hongkong, giving rise to concern that China is already taking a more active role in the British colony. Pro-Taiwan sources said yesterday that Chang King-yuh, the director general of Taiwan's Government Information Office, was refused
    Reuter  -  81 words
  • 514 18 CENTRAL PROVIDENT FUND members who want to invest in gold can use only 5 per cent of their investable savings, although they can invest up to 10 per cent of the sum in shares or a combination of gold and other approved forms
    514 words
  • 472 18 A CALL to go back to the basics and get the correct overall picture of tourism development has been issued. Mrs Pamelia Lee, the STPB's divisional director for tourism development, yesterday cautioned against overselling tourist attractions, as it could disappoint the
    472 words
  • 199 18 AP CHINESE LEADER Deng Xiaoping yesterday warned Japan that action to correct its current trade imbalance was needed to further economic contacts and trade between the two countries. The official Xinhua news agency said Mr Deng made the statement in a meeting with a delegation
    AP  -  199 words
  • 339 18 AP THE US GOVERNMENT'S main forecasting gauge of future economic activity rose 0.3 per cent in October, the smallest advance in four months. The Commerce Department said yesterday that the October advance in the index of leading indicators was the weakest since a
    AP  -  339 words
  • 180 18 Reuter A MAJORITY of European Community (EC) leaders appear ready yesterday to accept modest proposals for changes in the group's founding Treaty of Rome but Italy has threatened to block the deal as inadequate. Diplomats said intensive work by officials overnight had narrowed some
    Reuter  -  180 words
  • 170 18 RESEARCH into the use of natural aromas to treat mental and emotional disorders will one day be carried out at the Singapore Science Park. Japanese researchers plan to work on projects with the National University of Singapore, SBC reported yesterday. This will follow the set up
    170 words
  • 86 18 Reuter COMEX GOLD FUTURES recovered to unchanged levels following a small setback yesterday morning on selling against a firm Us dollar. In moderate dealings, spot gold was up US$O.6O at $322.90 an ounce. The closely-watched February delivery held at Monday night's close of $326.50 following a downturn to
    Reuter  -  86 words
  • 58 18 Reuter THE NEW YORK stock market continued a retreat into the third session yesterday as blue chips pulled lower in early trading. The Dow Jones Industrial Average was off four points to 1454. Declines led advances by a three-two margin on turnover of 8.42 million shares. Texaco
    Reuter  -  58 words
  • LATE FILE
    • 31 18 Reuter INDONESIA has lifted restrictions on private businessmen trading with East European countries, the governor of the National Defence Institute (Lemhanas), Major General Subijakto, said yesterday. Reuter
      Reuter  -  31 words
    • 54 18 AP TAIWAN'S foreign exchange reserves totalled US$2l billion at the end of last month, up 96 billion from a year earlier, the central bank said yesterday. The report attributed the increase to Taiwan's growing trade surplus, which stood at US$B.77 billion for the first 10 months
      AP  -  54 words
    • 42 18 AP EGYPTIAN President Hosni Mubarak was quoted yesterday as ruling out an attack on Libya, in spite of suspicions that its leader, Muammar Gaddafi, engineered last month's hijacking of an Egypt Air jet to Malta. AP
      AP  -  42 words
    • 35 18 Bernama THE scheduled appearance in court yesterday of the 160 people detained in the Nov 19 R»Hng incident in Kedah did not take place. The police did not give any reasons. Bernama
      Bernama  -  35 words
    • 44 18 Reuter THE PHILIPPINES recorded a single-digit inflation rate last month for the first time since September 1983, President Ferdinand Marcos said yesterday. The annual average inflation rate dropped to 6.89 per cent last month compared with 10.78 in October. Reuter
      Reuter  -  44 words
    • 41 18 UPI US DEFENCE SECRETARY Caspar Weinberger said yesterday that US allies appeared willing to participate in the research and development of America's Star Wars programme and an agreement may be signed soon with Britain. UPI
      UPI  -  41 words
  • Page 18 Advertisements
    • 306 18 JACK'S PLACE DECEMBER '85 SET LUNCH MENU KIIIINEY ROAD YEN SAN BLOC BRAS BASAH COMPLEX Mannaled leg of lamb or Steak with Garlic Butter TUE Roast Pork or Spring Chicken PARKWAY PARADE ANG MO KIO Pork Cutlet or Grilled N Z Sirloin Sleak HOTEL MIRAMAR Roast Loin of Pork or
      306 words
    • 9 18 Travel agents want biggar aay in plana, Paga 2
      9 words
    • 105 18 The diver repert wu u»v»llable at pre— time Itfs here already and it wasnt despatched until six p. m. last Man, thatfs astonishing!'' Our couriers are more than tall, dark and handsome they're fast. TNT Skypak. The fastest, safest possible way for urgent consignments to reach your clients anywhere in
      105 words
  • Page 18 Miscellaneous
    • 59 18 Outlook for todoy: Cloudy throughout, with showors ovor many oreos in the afternoon and early evening. Report for 24 hours prior to 7.30pm on Dec 3 at the airport: Maximum temperature 28.7 Associated humidity 80 Minimum temperature 23.8 Associated humidity 95 Hours of sunshine 0.00 Romfoll in millimetres 0 8
      59 words

  • SHIPPING TIMES
    • 102 19 SHIPPING line Transatlantic is demanding US$l.9 million in compensation from the Swedish government for losses which it says were caused by government and union action. It was one of the lines affected by the Swedish government and union boycott of shipowners' activities in South African trades, and
      102 words
    • 320 19  -  Conventional service to Europe not affected By JUNE LIM THE THAI national carrier, United Thai Shipping Corporation (Unithai) has parted company with the Far Eastern Freight Conference. It is not known why the company decided to make a quick exit. Efforts to contact the relevant
      320 words
    • 311 19 THE PORT of Los Angeles says it has managed to take six steamship companies from neighbouring Long Beach in the past 12 months. The carriers moving from Long Beach to Los Angeles are listed in Fairplay magazine as Navieras Interamericana Navicana SA,
      311 words
    • 131 19 Reuter DOCK WORKERS went on strike at the main Bangladesh port of Chittagong, where 20 ships are awaiting loading or unloading. Port officials said on Monday that the workers left to support nearly 300,000 industrial workers striking to press demands for higher wages.
      Reuter  -  131 words
    • PORTSIDES
      • 46 19 Reuter FAR EASTERN trade conferences have announced that the Currency Adjustment Factor (CAF) for Korea will be sharply adjusted upward, effective from Dec 6. The new CAF will be minus 7.50 per cent, compared with minus 12 per cent at present. Reuter
        Reuter  -  46 words
      • 76 19 Reuter THE PANAMANIAN motor vessel Vanguard 8, 4,999 tons gross, from Kinuura bound for Singapore, was involved in a collision with the Japanese motor vessel Shinshu Maru, 3,757 tons gross, bound from Tobata for Jakarta, in position lat. 26 02 N, long. 127 56 E on Nov
        Reuter  -  76 words
      • 51 19 Reuter KOREA SHIPBUILDING and Engineering Corp has won a US$5O million contract to build three 9,700-dwt ro/ro vessels for the Gorthons Rederi AB company of Sweden. According to Korea Shipbuilding officials in Seoul yesterday, the three ships are expected to be delivered between March and September
        Reuter  -  51 words
    • 835 20 FAIRLY active fixing of vessels on Monday to carry fertilisers to India featured an otherwise rather subdued freight market with fresh grain chartering out of the US slow to develop, shipbrokers said. Rock phosphate from Aqaba to India received U5513.50 against $13.25 to $14 previously and $24.25 was
      835 words
    • 670 20 AFP IMPROVED trans-Atlantic grain rates in front of the weekend last week buoyed up a rather quiet dry cargo market, which otherwise failed to benefit from any overspill from firmness in the tanker sector. > Even on trans-Atlantic routes where rates improved slightly, considerably more impetus is required
      AFP  -  670 words
    • 183 20  -  to be achieved. Kingstoy Wood DARWIN. Australia's "port in the north," handled around a million mass tonnes of cargo in its June year, with Singapore by far the main customer with 397,933 tonnes of imports and exports. Cargo volume increased by 8 per cent
      183 words
    • 871 20 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 Antoh Orient X 5 Arrow Lines X 5 A Has Lines X 4 Anro Service IV 3/4 ANL 1 1/2 APC Line
      871 words
    • 150 20 THE KOREA Maritime Ports Administration has started to penalise foreign flag liner carriers and their cargo booking agents in South Korea who have violated basic freight rate regulations. The agents have also been placed under "close administrative guidance," said a Seatrade Week report this week.
      150 words
    • 222 21 AP THE SAINT LAWRENCE Seaway re-opened on Monday when workers secured a lift bridge that was rammed by an Indian freighter, but winds blowing up to 150 km h forced officials to halt shipping traffic soon afterwards. The canal re-opened at 1120 GMT after
      AP  -  222 words
    • 397 21 THE 14 European countries operating port state control have not yet achieved the target set three years ago of inspecting 25 per cent of foreign ships visiting their ports every year. The Dutch secretariat of the regimes' international agreement says in its
      397 words
    • 69 21 Reuter AUSTRALIA has called in a powerful Japanese icebreaker to free a research ship trapped by Antarctic ice for more than a month. The Nella Dan is trapped in Amundsen Bay by a 19-km wide ice floe, although it is floating in clear water
      Reuter  -  69 words
    • 263 21 Reuter CONSOLIDATED Rail Corporation (Conrail) has said that its opposition to Norfolk Southern Corp's latest offer to buy Conrail was based on the fact that it would lessen competition and give shippers poor service. It also criticised what it called Norfolk's attempt to
      Reuter  -  263 words
    • 225 21 THE IMO's Marine Environment Protection Committee is considering a series of important amendments to Annex n of the International Convention for the Prevention of Pollution from Ships, 1973. The committee will also decide on whether to defer implementation of Annex II by six
      225 words
    • 176 21 THE A P MOLLER group, which owns the Danish carrier Maersk Line, has injected young blood into the top echelon of management with the appointments of two men who have non-maritime backgrounds. It is expected that Mr Karsten Borch, 43, and Jess Soedeberg, 41,
      176 words
    • 713 23 Dac 3-4 Ship fires in the 1980s, 0930 hours, joint Institute of Marine engineers conference, Institute of Marine Engineers, 76 Mark Lane, London EC3. Dm 4-10 Marintec China '85, exhibition and conference, Shanghai, China (details: Lloyd's of London Press, 26-30 Artillery Lane, London El). Dm 5 Navigating with
      713 words
    • 3693 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      3,693 words
    • 705 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 Bremen Exp 71/505 04.12.85 1800 Segani F1 0700-0830/0830-1000 F2/G2 Axel Maersk 8514 04.12 85 2359 Maersk F5 1400-1600 B2 E Order 005W 05.12.85 0700 G
      705 words
    • 449 27 AT CONVENTIONAL WHARVES Vessel Keppel Frances Bay Jalagouri Bmtulu 1 E'tern Glory Isabela Jenson 2 Jenson 4 Lloyd Tupiara Nestor Sky Str Venture Pasir Panjang Al-Sayestha Bonastar II Lucky Pine Nghia Bmh Velenje Franina New Galactica S-E Haider Thanh Da Tung Ho 1 Jurong Port Bukan Mas
      449 words
    • 188 27 THE MAJOR shipping consortia operating between the FarEast European, Far East/Persian Gulf, Straits' ports Australia, Straits Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang shipping. AHRO (BTRAITB/ AUSTRALIA): Australian National Line. Australia
      188 words
  • Page 19 Advertisements
    • 1117 19 Monthly from Available at all good bookshops and newsagents up w Orient Overseas CotUaUiei Line Agents: mm smtfmc Moms (in. iu. tum/m) 70 Slwflton Way #04 03 Mwina Hon* S«|toot* 0207 TO *****11 THei M 0 RS 241 79 OS OfFCE IPC #***** T«t *****31 7720J3J brumal OHkc IPC #03
      1,117 words
    • 68 19 IMPROVED trans-Atlantic grain rates in front of the week-end last week buoyed up a rather quiet dry cargo morket. Page II EUROPEAN nations operating port state control have yet to achieve the target of inspecting 25 per cent of visiting ships every year. Page 111 Index to odvertisers II Shipping
      68 words
    • 1255 19 A hard look at what it will take to succeed in business for the next 20 years With turbulent i times ahead. forewarned will be forearmed $22.00. t\jc££ s MAERSK LINE /t KEEP YOUR APPLES FBE! !0/ FASTEST TRANSIT TACOMA TO: SMGAPORE 19 DAYS PORT KELANG 22 DAYS PENANG 23
      1,255 words

  • Page 20 Advertisements
    • 457 20 NOTICE 3 FAR EASTERN FREIGHT CONFERENCE SABAH, BRUNEI AND SARAWAK FREIGHT CONFEREHCE FAR EAST/GULF OF ADEH AHD RED SEA PORTS COHFEREHCE CURRENCY ADJUSTMENT FACTOR A review of currency values on 27th/28th/29th November, 1985 inclusive has resulted in a radical upward adjustment of the Currency Adjustment Factor from Malaysia and Singapore.
      457 words
    • 625 20 BANGLADESH SHIPPING CORPORATION Tender No. 3/85/86 (Acquisition/Disposal Of Vmmls) International Tender Notice For Acquisition of New Building Multi Purpose Cargo Vessels Offers under seeled cover ere hereby invited by BSC from shipyards/shipbuilders, agents, owners, brokers for supply of 16,000 to 17,000 DWT newbuilding multipurpose cargo veeeeis under suppliers credit/buyers credit.
      625 words

  • Page 21 Advertisements
    • 938 21 Mansfield Container Shipping Pte Ltd Overseas Containers Limited The Straits Steamship Group Q STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok BREMEN EXPRESS 0«/12 05/12 BENAVON 11/12 14/12 HOW KONG EXPRESS 21/12 22/12 BEWILDER 21/12 30/12 CITY Of EDMUOGH 03/1 05/1 FRANKFURT EXPRESS 11/1 13/1 HAABURG EXPRESS 10/1
      938 words
    • 1124 21 BANGLADESH SHIPPING CORPORATION Tender No. 1/85/86 (Acquisit ion/Disposal Of Vessels) International Tender Notice F °r Acquisition of Second Hand Multipurpose Cargo Vessels. Otters under sealed cover are hereby invited by BSC from shipyards/shipbuilders, agents, owners, brokers for supply of second-hand (not more than 6 years old on the date of
      1,124 words

  • Page 22 Advertisements
    • 417 22 Hapag-Lloyd TO CONTINENT/UK EXPORTS On carrufe to Scandinavia, Med, Cambean 1 S. America Inland lu«4a(e to inland destinations in Europe Spore PKetartjPenant teiioesßAao Genoa Hburj Rdam Bha«en A'acrp Peter Rickiwrs J/12 9/12 U/12 3/1 7/1 20/1 14/1 11/1 11/1 Kortar Thetfcs 20/12 22/12 lt/1 24/1 BN Tarns 9/1 11/1 13/1
      417 words
    • 291 22 HE FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ M mbff ol the Coi t um KOREAN CHANCE 24W SEVEN SEAS BDBGE S3* CR TOKYO 2W TRANS WORLD BROGE 2«W i 14 I 71 I 78 I r FROM EUROPE VIA SUEZ 1 Member ol the Ace Consortium TRANS WORLD BRIOGf
      291 words
    • 557 22 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TL* R*****1 R*****2 u t KASTKKN C\K LINKU. Ml). Specialist in RO/RO Service Acceptinc heavy-lifts upto 80 K/Tons Sailings from Japan Spore PKHmi Kudo* Kku am NAGOTA M M SJ*<> lUCKT r* SM kNd ASIAN ami *13 12 Dk 10
      557 words
    • 519 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) ALSO ACCEPTNG ici pa t Fa/Fa TO GOTKWUK tutu COPENHAGEN OSLO STOCKHOLM. KLSMI. MUCH BIEIOHAMN MA I LONDON SOUTHAMPTON. MANCHESTER ——M. LNEKOOL GLASGOM MA FELOSTOME AMSTERDAM MA lOTTEMMM FEEOEI VSL EM* GATHER EMI GUW SGP MOTHER
      519 words
    • 312 22 US I NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES i TTTTTT KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC SraC PKeto* Lm*| tor OCEANA QUEEN 15/12 Lm, Orobay, P. Moresby. KYOWA COSMOS 11/1 KMT KEIANC PfPMNG Kieta, Rabari. Honiara /1 P. Moresby, Lac, Honiara, Kieta, Rabari. iayapwa
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  • Page 23 Advertisements
    • 602 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 1550 VOY 1551 VDONESIA MV SEA HAWK oa;l I Vi3;VMV.3']> V'T.\ ETA SINGAPORE 11 DEC ETA MKMTA 21 DEC ETA SMGAPORE IS DEC ETA MKAJtTA 14 DEC
      602 words
    • 691 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS COMAKER SERVICE FROM UK/CONTWCWT Hon{»ont Eipress Sated BenaUer Saded City ot (drturfh SAd Kitano Miru Saded Hambut 11/1? Osaka Bit 11/12 KltuJJ Maru ?1 I? Boum 4 1 Honfkonf EipressU/l 6 HAVEN R DAM Saded Sated Saded Saded Saded 13/17 Ml?
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    • 684 23 DJAKARTA LLOYD INDONESIAN NATIONAL LINE FAR EAST TO/FROM S'PORE CONTAINER SERV BUSAN TO* OHM* A «JB* MOHSMK MR GOWA 22 73 U 2VH/11 27/11 12/1? J/12 Ml Ia». [V ;i f .7^11.:T.i I MM.; if.i. T PRIOR SURABAYA BUSAN J/12 13/12 22/12 SttJtt NORFOIK NOftIEAN neptune CrPHINE 30 1? I
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    • 643 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR fPk SHIPPING CORPORATION v (Burmese National Line) Loading for Rangoon Lashw V 52 Pa-an VB9W Pagan V93N Spore 6/7 Dec 12/14 Dec 9/11 Dec Ptiashwe(yawywa V26IW IS/20 Dec BANK LINE b*l TO UK/C SPORE R'DAM HULL HMBG MEADOWBANK 18 Dec 13 Jon 21 Jon
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  • Page 24 Advertisements
    • 1321 24 USA CANADA ATLANTIC COAST (Round The World Service) [3 K LINE KAWASAKI KISEN KAISHA, LTD. NEPTUNE CORAL V 2 NEPTUNE CONCORD VOB OMENTAL OtPIOMAT *24 NEPTUNE PEARL V 53 PACIFIC COAST (Including DESTINATIONS INLAND via IPI/MICROBRIDGK MINILAND BRIIMiK] FEEDER; tOHORE BROGE V5O TRANS WORLD BROGE V27E MOTHER VESSEL QUEENSWAY BROGE
      1,321 words
    • 700 24 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Singapuce PRHari* Penan* lidding lOf S Dec (Dk Ma*ai B dert MaKAa Calcutta 21 Ore ?0 Dec Ma*as B dnk Hakka Calcutta AURIGA 9 Ijn IMx B dnh Hafcka CAuttj RAWDAS 10 lan fee as Btfnk
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    • 588 24 GOLDEN LINE GUM GUAN SHIPPING (PTC) LTD Kami I«*1| P'o.reul Bint M C*c4 Stiwt S»IGAPO« 0104 TU 221J7H1 (10 IMS) P Keianf 03 3J%1 Penanf 04 t?S4*g Paur Gudjnf Ajmt OWN! UOTO (M) SON BW Hi 07 *****0 1 STRAITS/PERSIAN GULF SERVICE: GOIHN HAVEN Cutombu tU'jihi BaMain GOIOIN BEAU unnabu
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    • 389 24 4> INTRASEA (PTE) LTD 10 Anson Road »2 7 1 6 Internationa' Pia/a Singapore 0207 Tel *****1 l 1 0 Lines) BREAKBULK SERVICE TO EUROPE/UK I GESURI LLOYD BULK SERVICE SABAH If©ON M BREEZE 15 Dec Ldg K'TAN LOAOMG FOB Hodetdah. Jeddah Aqaba. Muscat. Pt Sudan. Yenbo TROPIC LINE (S)
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  • Page 25 Advertisements
    • 1019 25 v NOL NEPTUNE ORIENT LINES LTD Attnls S pofp NfPTUNE AGINOES PTE LTD lei No othce Ternwial CES BOOKINGS *****/7 EE CD, MB! IP* SEA *****77 *****22 *****43 OK »!CT IMS *****53 *****42 I Bjhiu HARPER WKA SON BHD *****0 p Man, HARPER mk SON BHD *****1 *****1 p ia,a
      1,019 words
    • 644 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG. BUSAN. INCHON DON AM Spoif Sited 1?/1? M/U XI? VI 10 1 11/1 Veswl No 9 Dorum bOSN No I Datum SO* No 6 Dorum W9N No 7 Dorum SION No 9 Datum SO9N No I Datum MON
      644 words
    • 990 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55. Market Street Sinfapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KQJM6 Ft HANG M/S SHARKAT NAM SOON SON. M IST ANO 2ND FLOOR. KSSftS HAI THONG SHTPMG 127
      990 words

  • Page 26 Advertisements
    • 795 26 KcgiMial l!oiitnim'r Lines VOY ETA/S'PORE ISURATTHANI lETA/SONGKLA RAT ANA BHUM 49M 6 0K RAT ANA BHUM SON 19 DM RATANA BHUM SIN 2 Jan RATANA BHUM S2N 16 Jan TORE P.KE 15/17 D« 28/30 D«c 11/13 Jan 2S/27 Jan -PENAN STORE AGENT: BANGKOK AGENT: SONGKLA AGENT: PORT KELANG AGENT: PENANG
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  • Page 26 Miscellaneous
    • 147 26 Regional Weather 10S IQOE 11QE X^V^IOS SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND R Thunderstorm Temperature c X\ V Shower Weather Wind direction with speed in knots Rom Cloud, Sk, Wave height Surface winds are indicated by arrows which fly with the wind One full circle
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  • Page 27 Advertisements
    • 129 27 HSC MEMOES K. LUMPUR P KELANG PENMK P. GUDANG J. BAHMtU LEOSHP STORE 242S0SS/*****56/*****45/*****83 *****1/4 TERMMAL 3SS3SI/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 *****5/*****5/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE 11 nrf rm MViV' .Minn ftetm E3M ESM El im ESI '"MtTmriTTigiLlMlMCESMtlgllmaßßZSl lI'W.V'-TTOirciTirnl 1 "TITIBT|mTIT|pm^TPT^TT7TTfTI>.»»MiTITI ALSO ACCEPTMG FOR: MTIOP. L. HARKE, UK. BRQCN, COPENHAGEN, OSLO
      129 words
    • 53 27 FRATA CONTAINER LINES FRATA BANGKOK 06 Dec OS FRATA COLOMBO 13 Dec IS FRATA DUBAI 07 Dec 10 FRATA HONG KONG 06 Dec OS LONDON HAMBURG SWITZERLAND SPAM KARACHI MA NLA PT LOUS AUSTRALIA SEKOU SWATOW HAKOU AMOY ZHANJIANG FOOCHOW SHANGHAI TSMGTAO HSMGKANG DARIN GUANGZHOU NHAMPOA OTHERS FRATA SHIPPING PTE
      53 words
    • 183 27 i: m.i i<- ii l i-TTra TAIWAN TO SINGAPORE ft ASEAN WRECT WEEKLY TO PORT KELAN6/PENAN6 •AT ATTRACTIVE RATES* SPOK PJCELMK POMNG BELANAN PALEMBME HSEH rum ¥37 SaM IS/11 11/11 G. SLAT AN-7 V2I SaM 6. SELATAN-t *29 SaM 24/11 e SELATAN4 V 23 SaM 2S/11 27/11 G.SELATAN-5 V 33
      183 words

  • Page 28 Advertisements
    • 524 28 TO: EUROPE EXPRESS CONVENTIONAL SERVICE TO AND FROM UK/CONTMENT 16 MAN s roilt P HUANG PENANG FOR urn 21/23 Dec 24/25 Dec 2S/27 Dec 21/30 Dec UK. IHAVtt. «TM HBG BMIN. AWERP FROM EUROPE: PENANG P KELAHG SPOKE BM F*ON urt 7/7 Dec 1,10 Dec 11/12 De< U/It Dec RDAM
      524 words
    • 494 28 REGULAR FAR EAST SERVICE TO ANGOLA PORTS VSI SPORE EASTERN ALPHA Sid LOAD FOR:LUANDA/LOBTO/SOYO/ CAHNDA Sin|jpcw t SJROCCO SHPPWG SERVICES 135 Ced Street #07-01 Tel: *****67 Tlx: ***** W EAST ASIA LINE I (Malaysian Flag) t Regular Liner SarvtcM Between M'SIA/B'PO«E/INOIA P. Kelong Penong S'pore Ldg for 15 Dec CMtapme/*!"
      494 words
    • 679 28 C.Y. LINE (A Member Of Tha ACE Consortium) CHO YANG SHIPPING CO. LTD fUUV CONTUOBD SERVICE TO EUtOK («W SUEZ) KPTUM CUTSTM. J2N AORfAN CHANCI 24* ««N «»S BRDGt S3* C« TOKYO 2* Sp «e kt PI u/i? u/i? 2S/12 Lett* re *4«n F stone Mbaj Brem Antwerp 23/1? 24/12
      679 words
    • 923 28 Everett Tinesj COMPANY PERUANA DE VAPOREES (C.P.V.) "PERUVIAN STATE LINE" lo«kng 1o» CilUo *0 «nd <11 othft Petunnn ports oitti transhipment it Kobe On CPV llwuugti Bilh ot lading to tin* destination MANOLOEVEMTT JOHNEVERETT MUMAYEVIKTT Sncaporc-t-S/7 Dec 12/13 Dcc 25/27 Dec A "EVERETT ORIENT LINE" k JAPAN/BAY OF BENGAL/JAPAN SERVICE
      923 words
    • 415 28 Z I M NON-CONFERENCE MXHMDEIT FULL COHTttO SOWW KCftaj FCLA& c*toes to USA East t Nest Coast. Carribbeanlast Canada and HAITI KSSfi 117 Ik VESSEI 16 12 A KSSEI 2312 Ot £I*l 27.12 m TORTO m KEELUNG 4 2 K I »2* ZIM EILAT CONTAINER LINE Spat Fiat Irwitr *«P"
      415 words