The Business Times, 18 December 1985

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 WEDNESDAY, DECEMBER 18, 1985 75 CENTS
    12 words
  • 525 1  -  By CHUANG PECK MING A FOUR-PRONGED strategy to maintain the manufacturing sector as the prime mover of the economy has been recommended by a group of industry leaders. It entails a cut in operating costs, an improvement in business efficiency, attracting new investment and appropriate management
    525 words
  • 508 1  -  /MnSucnuc/ Ernst Whinney appointed partial receiver of Selco Salvage By LORETTA McLAUGHLAN THE PLANNED RESCUE of Pan-Electric Industries may have been complicated by a court order in Singapore yesterday appointing international accountants Ernst Whinney as partial receiver of Selco Salvage Ltd, a Hongkong incorporated subsidiary of
    508 words
  • 508 1 LEGAL ACTION has been taken by Smit Tak International to protect its earnings of several million dollars for salvage work done jointly with Selco Salvage, a wholly-owned subsidiary of Selco Singapore. Court orders were made in Singapore, Hongkong and the UK to appoint
    508 words
  • Article, Illustration
    103 1 NEWS THAT the Stock Exchange of Singapore was Involved in the day-to-day affairs at another braking house eroded confidence In the local stockbroking industry yesterday. As a result, most share prices drifted further downwards in quiet trading. The debut of Singapore Airlines on the stock market today is
    103 words
  • 102 1 Reuter SWEDEN'S main domestic airline, Linjeflyg, will ban all smoking on its flights next month. Company spokeswoman Asa Wikman said the decision on banning in-flight smoking was made following opinion polls among passengers which showed that a majority of smokers favoured smoke-free
    Reuter  -  102 words
  • 117 1 AP FOREIGN brand names accounted for 53.6 per cent of the marks used on South Korean export goods, the Korea Chamber of Commerce and Industry reported yesterday. The chamber said the finding was based on a recent survey of the nation's
    AP  -  117 words
  • 158 1 RECOMMENDATIONS for action to be taken to develop Singapore's economy put forward to the Economic Committee by its eight sub-groups are to become available for public discussion. The manufacturing subcommittee, chaired by Mr Koh Boon Hwee, will release its recom- mendations today at a press
    158 words
  • 345 1  -  By LIM SOON NEO SINGAPORE Bus Service (SBS) is going ahead with its plan to invest millions of dollars on a fleet of 100 double-decker buses, with a possibility of an additional 100 later. The publicly-listed transport company recently awarded two contracts worth
    345 words
  • 148 1 AP AN ADVISER to President Suharto has suggested that Indonesia raise its production and increase exports to make up for the loss in income caused by the fall in the price of oil. In an interview with Suara Karya newspaper yesterday, Dr Sumitro Djojohadikusumo
    AP  -  148 words
  • Page 1 Advertisements
    • 151 1 in the world. Geha's unique Piranha' System shreds papers into minute particles PAPER SHREDDERS West Germany OciT^com ypyr£rm PT E ltd Tel: 743-5555 Why tie up your capital' Rent special equipment from Thorn. 45" Projection Screen (Multiple System) presentations at seminars, ImW conferences, training classes. Auto Rewind Video Recorder and
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    • 273 1 mm SHARE INFORMATION MONEY EXCHANGES RAW MATERIALS LETTERS OUR VIEW THE STRONGEST FACTOR in Corazon Aquino's candidature seems to be her sincerity, which is blowing over the Philippines like a whiff of fresh air. But sincerity is not enough, even if it assures Filipinos their lost constitutional freedoms. What is
      273 words
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    • 32 1 BALLY of SmtzrrlunJ .u/t'fh the i luillt'uw ol fo, ij Sole Ayent S G Parrett Son (Pt«) Ltd S<nyapu<t* Letter, Page 8 Why Pan-Electric shareholders are kept in the dark, Page 15
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  • HOME NEWS
    • 317 2  -  Project proceeding on schedule By LISA LEE THE FIRST PHASE of the Mass Rapid Transit project has passed its halfway mark with construction now going on at 35 worksites. It has been about two years since the ground-breaking ceremony marked the
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    • 392 2 AT THE END of a day in the year 1988, an MRT train covered with a day's worth of soot and dust will enter the Bishan depot, move along between two huge mechanical brushes and emerge spotless. It will then be
      392 words
    • 111 2 CHEAPER FOOD and housing items led to a 0.3 per cent drop in the consumer price index in November, from the previous month. Food prices fell by 0.2 per cent due mainly to cheaper vegetables, pork, poultry, cooking oil and eggs. This offset
      111 words
    • 229 2 A LEADING US manufacturer of printers will spend another 14 million to expand its facilities, less than a year after it set up manufacturing operations in Singapore. Printonix plans to invest in automated printed circuit board (PCB) assembly and test equipment to make printer
      229 words
    • 348 2 EIGHT OFFICIALS from the National Computer Board and the Singapore Federation of the Computer Industry will form a delegation which will visit China to discuss joint software development and collaborative training programmes. The mission will visit Beijing and Shanghai from Dec 18
      348 words
    • 98 2 THE NAMES OF THE stockbroking companies involved in Pan-Electric's $140-million forward contracts at the time of its receivership have been requested by the MP for Radin Mas, Mr Chng Hee Kok. Mr Chng will ask for an oral answer in Parliament from the Minister for
      98 words
    • 362 3 BATRICARS are not sophisticated toys for lucky children. The vehicles, now in Singapore for the first time, have helped many an elderly or disabled person in England get around at home, in a park, or shop for groceries. And Lord Tanlaw, the chairman of the UK-based
      362 words
    • 349 3 DATA GENERAL, one of the world's biggest computer companies, has aggressive plans to increase its market in Singapore and the region. "Our market share is so small we cannot measure it!" said Data General Singapore's managing director, Mr Peter
      349 words
    • 167 3 PRIME MINISTER Lee Kuan Yew said yesterday that the late Philippine statesman Carlos Romulo would be long remembered for promoting Asean solidarity. In a condolence message to President Marcos, Mr Lee noted General Romulo's "deep commitment" to Asean and his "unrelenting efforts" to promote it. General
      167 words
    • 406 3  -  By SHAHRIR ARIFF INCREASED BUSINESS is projected for a local company which assembles industrial batteries, partly because of a recent tie-up between its French parent and a Japanese counterpart. SAFT Singapore expects about 10 per cent more business each year from the sale of
      406 words
    • 179 3 THE INSTITUTE of Systems Science will hold two seminars on information technology early next month. The first seminar on "Strategic Planning for Information Technology" will be held on Jan 7 at the institute which is located in the National University of Singapore's Kent
      179 words
    • 59 3 TELECOMS's speedpost service to Malaysia will be extended to Petaling Jaya and Subang Jaya from next month. But the service will be confined to "on demand" items only. At present, the service to Malaysia is available only to Kuala Lumpur and Penang. Speedpost, a
      59 words
    • 453 3 WITH FURNITURE FAIRS proliferating here, an exhibition company formed by a consortium of 16 furniture manufacturers has devised a range of incentives to attract and retain its exhibitors. The company, 12 Line Furniture, has introduced a gold card membership for the 40 exhibitors in its
      453 words
    • 135 3 BRASS BEDS which need no polishing, and cupboard handles which can be changed according to room decor are some of the furniture items on show at the Asia Pacific Furniture Fair '85, now on at the World Trade Centre. Mr
      135 words
    • 97 3 IT'S HARDLY OFTEN that Utter bins enjoy so much attention bat at the Science Centre yesterday, visitors milled aronnd Ling Ling and Bin Bin, following them around as they mingled with the crowd. With flashing feelers and greetings for one and all,
      97 words
  • Page 2 Advertisements
    • 250 2 HLwE YOU EVER TRIED YOUR CHILD'S EDUCATION ON A PAIR* 1 5R •V r AND ANY ATTEMPT TO BALANCE TOUR HOUSEHOLD FINANCES WITH A NECKTIE WILL HAVE YOU IN KNOTS. CHOCOLATES DO NOT PROVIDE ENDLESS FAMILY ENTERTAINMENT. AND ANOTHER WHITE SHIRT WILL NOT HELP DAD ROLL UP HIS SLEEVES WE'D
      250 words
    • 37 2 All-Girl Korean Band THE FESTIVAL 7 00pm 2 00am Live-Band Music Non-Stop Dancing Charming Hostesses Gracious Servic /y i 0* OOP" 1 Office Nitc-Cfub Louiuk 1. Claymore Drive, #02-11 Orchard Towe' tßea' Block) Singapore 0923 Tel *****26
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  • Page 3 Advertisements
    • 251 3 Sfj> 'tj/r vV s> y 3f}> 'iW* OK' vVjy: >¥- i- W 3fe> w i* iS? W-y: m'/V v\V: i s T 1 I 1, CHl)eoa Swiss Gf Continental Restaurant f Uf3 7Tt Christmas Eve 6* New Tear's Eve Qala Dinner $50.00++ per person inclusive of novelties. Entertainment by our
      251 words
    • 172 3 Make it a special festive celebration at Tung Lok. p We've gone to great lengths to make your festive celebration memorable. With something sumptuous for everyone. Our special festive menu is full of surprising dishes. It includes a special lunch and dinner ideal for merrymaking with your friends. ji x
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  • OVERSEAS
    • 612 4 Elimination reflects improving political climate AP IN THE AFTERMATH of last month's superpower summit in Geneva, nearly all the sanctions imposed by the US against the Soviet Union because of its invasion o( Afghanistan and other international misdeeds have been lifted. US officials say their
      AP  -  612 words
    • 438 4 AP US DEFENCE SECRETARY Caspar Weinberger criticised congressional budget conferees, saying their agreement to ban further tests of the Pentagon's new killer-satellite missile "gives the Soviets life-or-death veto power over a vital US defence programme". Pentagon spokesman Bob Sims, reading a statement he said
      AP  -  438 words
    • 238 4 Reuter, UPI PAUL CASTELLANO, the alleged "godfather" of the mafia in America and head of its most powerful crime family, was shot dead on Monday night in the centre of Manhattan by three men in trenchcoats, police said. A police spokesman said
      Reuter,; UPI  -  238 words
    • 245 4 AP A YEAR-END report on Africa's food crisis said on Monday that the emergency was ending, but unless the continent strengthened its (arming sector next year, it "will speed headlong to another catastrophe". "The best rains for many years fell throughout Africa
      AP  -  245 words
    • 335 4 AFP THE BRITISH government announced final proposals on Monday for a long-awaited reform of the country's welfare state, established in the mid--*****, and said the emphasis in future would be on helping the neediest. Social Services Secretary Norman Fowler, announcing the shake-up
      AFP  -  335 words
    • 64 4 Reuter POLICE who stopped to help a man kneeling beside his car at the side of the Ml, one of Britain's main motorways, found nothing wrong with the car. Londoner Mohammed Riaz told them: "I must pray five times a day so I stopped." A court in
      Reuter  -  64 words
    • 820 4 ARRIVALS Operator Service Locol From number time OA OA47I 0030 ATH SIA SQII 0125 LAX/TYO PAA PA2I/5 0155 LAX/TYO/HKG SIA SQ41 0615 MAA CAL CIOIO 0740 JED/DHA MAS MH681 0820 KUL KAI KE624 0850 KUL MAS MH603 0905 KUL MAS MH67I 0935 KUL MAS MH811 0940 PEN
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    • 281 5 AFP PHILIPPINE President Ferdinand Marcos's maverick running mate Arturo Tolentino still believes the chief executive should retire and says he could take over after they win the Feb 7 election. "Twenty years is already a long period for anybody to be
      AFP  -  281 words
    • 270 5 Reuter TIPS FROM late-night telephone callers are helping to open fresh areas of inquiry for a US Congressional investigation of Phil- ippine President Ferdinand Marcos's overseas real estate holdings, Representative Stephen Solarz said yesterday. The New York Democrat, who heads the investigation, said on Monday
      Reuter  -  270 words
    • 347 5 AP JAPAN'S gross national product per person will reach US$2O,OOO by 1995, surpassing that of the US, while Japan's economy as a whole will account for 15 per cent of world GNP, according to a survey repleased yesterday. The 500-page report compiled by the Nomura
      AP  -  347 words
    • 255 5 AFP FRENCH MINISTRY of Justice sources on Monday ruled out a New Zealand suggestion that two French secret agents, jailed for bombing the Greenpeace flagship Rainbow Warrior, could be transferred to a French prison. There was no convention between the two countries allowing prisoner transfers,
      AFP  -  255 words
    • 238 5 Reuter AUSTRALIA'S 80 per cent oil self-sufficiency will be almost halved by the early 1990's unless there are major new discoveries, according to the Australian Petroleum Exploration Association (Apea). Exploration is being hampered by uncertain government oil industry policies, proposed oil excises and
      Reuter  -  238 words
    • 187 5 Bernama THE BARISAN NASIONAL (BN) Supreme Council has not made any plans to reactivate its election machinery for the next general election. BN secretary-general Ghafar Baba yesterday said the question of reviving the machinery had not been studied. He said that all
      Bernama  -  187 words
    • 527 5 High-technology products get priority Reuter COMMERCE SECRETARY Malcolm Baldrige announced on Monday that the United States would begin a new licensing programme to end red tape in the export of US high technology to China. He said that 27 product categories would be
      Reuter  -  527 words
  • Page 4 Advertisements
    • 138 4 Monk jumps over the wall (and other culinary feats) At Tang Court, the culinary feats of our Master Chef from Hong Kong are the highlights of the day. Our new A la Carte menu features the finest of Cantonese cuisine with 0? special emphasis on seasonal specialities, and the freshest
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    • 5 4 fastest Daily to San Francisco.
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  • Page 4 Miscellaneous
    • 58 4 Doonesbury fk m I t m sa m 9 m m ■•a S .1 I irw*i HE'S PROBABLY TOO IMPORTANT NOWTOTAKS YOUR CALL. ZONKER OH, COME ON, J.J/ _IPL fpi-% IfiiLAJ BY GARRY TRUDEAU ft ap i 3R £5 u ALL MY OPERAZONK? TORS ARB BUSY HI, BUPPY, RIGHT NOUJ,OOT
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  • Page 5 Advertisements
    • 32 5 Command impulsive spirits. -'fm A > -f/ V„ \w 1 z v*\ *fe MJgui rXC< the eXtraOrdinary cognac Distributed by Jardine Wines A Spirits 100 C Pasir Panjartg Road Singapore 0511 Tel *****22
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  • RAW MATERIALS
    • 67 6 Robusto 20/25% FOB NSW ***** Nutmeg 110 FOB NSW ***** E&W FOB NSW 454 00 Gambier FOB NSW 330 00 London Commodity Exchange Sellers' closing prices on Dec 16 (US$/long tonne CIF European ports, unless otherwise stated) Pepper (Sarawak) Foq, spot 5300 White foq, afloot 5300 White faq
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    • 118 6 THE MALAYSIAN crude palm oil market closed slightly lower yesterday in quiet trading in spite of the continued presence of refiners on the sidelines and the sharp rise in Chicago soybean futures. December deliveries in north dropped Mss to $820 per tonne and central $2.50 to $812.50. In
      118 words
    • 287 6 Singapore (S$/kiio, en-godown) Fragrant new crop 1st 74 2nd 056 3rd 056 New Crop 25% no stock 10% no stock Thai Broken A-super no stock Special 0 46 Thai Rke 55% no stock China Rice 10% no stock 15% 069 25% no stock 35% no stock Thoi Boiled Rice
      287 words
    • 204 6 WHEAT FUTURES on the Chicago Board of Trade held most of the gains established shortly after the start and closed two to three US cents a bushel higher on Monday. Traders said the initially bearish reaction to the US farm bill was tempered by ideas in some quarters that
      204 words
    • 316 6 SINGAPORE The market closed steady yesterday with January One RSS buyers quoted at 155.00 cents per kg, unchanged from Monday. The morning session lost 0.50 cent in quiet trading on lack of fol-low-through buying after, a slightly higher opening. Prices hovered narrowly in quiet afternoon trading on lack of
      316 words
    • 14 6 KL TIN Price Clown? prices on Dec 17 (M$/kg) Suspended Turnover (tonnes) Suspended L_
      14 words
    • 326 6 RAS prices m S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 154 75 155 75N 154 50 155 50N lot 1 RSS Jon 86 155 50 156 00 155 00 155 50 lot 1 RSS Feb 86 155 50 156
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    • 104 6 (cents/kg, 1-ton pollen) FEB 86 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 151 00 153 00N 151 50 153 50N SSR 50 149 00 151 00N 149 50 151 50N MRELB Buyers Sellers Buyers Sellers SMR CV 209 50 211 50N
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    • 216 6 SOYBEAN FUTURES on the Chicago Board of Trade rallied sharply after midsession on Monday, largely on the strength in soyoil, and closed 3'/« to seven US cents a bushel higher. Many analysts said Brazil's drought was not over, in spite of last week's rains, and the soybean crop was
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    • 435 6 COFFEE A new wave of buying, prompted by a Reuter report from Sao Paulo quoting local government officials as saying the Sao Paulo state crop in 1986-87 would be less than two million bags, boosted an already buoyant Robusta futures market on Monday afternoon. At the close, London's
      435 words
  • Page 6 Advertisements
    • 140 6 tM Ma Buffii Zf'i w« aru m iT /"Mj .A^J* b^k,. <*!■ K r/wp£( > V r- SfpNG KOW( (SEOUL I f. SAKA 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
      140 words
    • 179 6 THERE'S NOTHING WE CAN TELL YOU ABOUT THE EQUATORIAL TII AT YOU DON'T ALREADY KNOW. A EXCEPT, PERHAPS OUR LITTLE GESTURES THAT HAVE BECOME ATRADTHCN. xi |>K >l),il)l\ know about our 3<M) Or our attention to detail at furnished mm tins and suites, our famous conventions, our little surprises at
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  • TRAINING & DEVELOPMENT
    • 584 7  -  By SHAHRIR ARIFF PUBLIC AFFAIRS is a management function, but many companies are not using their public relations people properly. These professionals are almost always not included in boardroom meetings. They are not asked to find out what is happening and
      584 words
    • 525 7 Seminars and HT| 1 Courses J Cahners Tel *****13 I MlC Exposition Tlx RS ***** i Group Fax: *****66 S\ DURATION TITLE VENUE ORGANISER TELEPHONE Jan 6Training for Site Construction Singapore *****77 May 12 Management House Contractors Association Ltd Training Centre Jan 7-8 Inter-Departmental Ming Court Hotel Roger
      525 words
    • 584 7  -  By ANNA TEO IN A HARD-SELLING mission to reach out to more retailers, the newly set-up Singapore Retail Merchants' Association Training Centre has drawn up big plans to boost training and give its courses wider recognition. The centre has drawn up three
      584 words
    • 173 7 SOME LESSONS on growth for companies in these recessionary times can be learnt from Procter and Gamble at the next breakfast meeting organised by the National Productivity Board. Pradeep Kaul, who has been keeping an eye on Procter and Gamble for its competitor, Unilever, for
      173 words
    • 94 7 A COURSE on business Chinese will be conducted by the Department of Extramural Studies, National University of Singapore. The course is for those who have progressed beyond the elementary level in their study of Chinese. It will help them express ideas during negotiations with Chinese businessmen.
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    • 392 7 CUSTOMER RELATIONS, security management and retail management are three courses that the new Singapore Retail Merchants' Association Training Centre is introducing next year. Customer relations is the most fundamental skill to be acquired, says training centre director Mr Law. "How many stores are losing customers
      392 words
  • Page 7 Advertisements
    • 24 7 Riggio Tobacco Corporation of New York is pleased to announce the following recommended consumer price for Lexinqlon FILTER 20s pack $2.00 10s pack $1.00
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  • LETTERS TO THE EDITOR
    • 544 8 AT CERTAIN TIMES in the history of nations, politics becomes biblical, its language taking on apocalyptic tones. The Philippines seems to be a nation at one such phase in its history. Over the past few weeks, what has seemed most interesting about its politics is
      544 words
    • 1098 8 Doubts oast on forward contracts Dear Sir, Any client trading on the stockmarket through a broker who is a Member of the Stock Exchange of Singapore Ltd receives contracts to that effect. This being so, he has a right to expect that such a
      1,098 words
    • 385 8  -  Leow Siew Beng Director (Standards and Quality Assurance) Singapore Institute of Standards and Industrial Research Dear Sir, I refer to the article captioned "Sisir drafting more stringent requirements. Higher standards for use of concrete next year" written by Jeffrey Tsang (BT Dec 10). As your
      385 words
  • Page 8 Advertisements
    • 286 8 t i V «> •>N s f t>, '-V sK ;> m r ■ft i.sv s -V 01 Ql m COMPANY ASSETS. glance, most company cars would seem to be an asset. And so they are, in so much as they'll take you from Ato B in a modicum of
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  • Page 8 Miscellaneous
    • 27 8 V-40V0 P>6ouT T-IpfT I've. FirOfMJ-Y FiHVSHEQ U>TV\ OfcDef? NHJmSeR Oo> 4-52... r^=^r SOVAi IT To i*vy our trp\Y..... 1 i Fo£i_ f\ GIANT U6fsP FOR nBNKihJD...... ,^W-r
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  • SPORTS
    • 405 9 AP SWEDEN is favoured to retain the title when it meets West Germany in the tennis Davis Cup final in Munich this weekend, says Wimbledon champion Boris Becker. "The Swedes are the clear favourites in the final," the German champion said on
      AP  -  405 words
    • 336 9 AP ORGANISERS of the Professional Golf Association's European tour are to take a strong stand to ensure that its top players contest important events instead of competing at rival tournaments outside the continent. This was made clear on Monday by Ken Schofield, the European
      AP  -  336 words
    • 254 9 Reuter THE LEGENDARY Pele on Monday put troubled Brazil's World Cup grouping with Spain, Northern Ireland and Algeria down to divine intervention. Six months from the opening match, Brazil has no manager and no settled squad. Yet the three times winners of
      Reuter  -  254 words
    • 157 9 Reuter AMERICAN tennis star John McEnroe on Monday began a 21-day suspension for having exceeded U557,500 in fines during the past 12 months, the Men's International Professional Tennis Council (MIPTC) announced. Actually the suspension is for 42 days. However, it will be reduced to 21 days
      Reuter  -  157 words
    • 501 9  -  By WALTON MORAIS BURMA'S KYI HLA HAN returned from California last month, his American Dream shattered but his spirit and will to try again for a US PGA tour card still firmly intact. "I'll go through it all over again," the
      501 words
    • 917 9 AP THE FANS are staying away, sponsors are pulling out and TV cameras can't get in. In England, the cradle of soccer, the professional game is in decline. Facing crippling salaries and falling attendances, oncewealthy clubs are heavily in debt. Some
      AP  -  917 words
  • Page 9 Miscellaneous
    • 1103 9 to to mm CHOICE OF AUTHOR The World of Chaim Potok 8.00 pm, Channel 12 This week's choice of author is Chaim Potok. New York born and raised, Potok read philosophy after having been ordained a rabbi. But instead of carrying on his father's orthodox works, he chose a completely
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    • 642 9 CRYPTIC PUZZLE ACROSS I Keep on eye on o hunter, say (5) 6 Parishioners' place? (5) 9 As far as you can go into a wood (4, 3) 10 The ultimate in sport? (5) 11 See the simplicity with which you can stop (5) 12 High points to speak of?
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  • INTERNATIONAL STOCKS
    • 464 10 FT WALL STREET'S seventh largest brokerage firm, Prudential-Bache Securities, has been suspended for 20 business days as a market maker in one stock, and censured and fined US$lOO,OOO by the National Association of Securities Dealers (NASD). The NASD, which supervises New York's over-the-counter Nasdaq
      FT  -  464 words
    • 329 10 Reuter THE NEW YORK stock market closed sharply higher in heavy trading on Monday although some of the gains were reduced late in the day. One trader said there were signs of profit-taking by big institutional investors during the final 30 minutes. Most
      Reuter  -  329 words
    • 219 10 Reuter GAF CORP is expected to continue its takeover efforts for Union Carbide Corp, in spite of Union Carbide's decision to buy 35 per cent of its shares in an exchange offer laced with a "poison pill" defence, according to analysts. Union Carbide said
      Reuter  -  219 words
    • 121 10 DCC 16 Abrtto 52* c$ 17* Inco Int Prov Pip* 17* 43* AJcan 40* IS AJgomo 20 unch A/go«n Hkjgs Bank Mont 34* inch ft Bank Nova Scotia 15 41* MoKon A 19* BP Can Ltd •31* 35* Can Imp 9k 43* Nofondo Mn 4 300 Canpoc Carina OXeefe
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    • 688 10 DEC 16 us$ Atcari Alumn Alcoa Alegheny Lud Afted Cham Cp Abed Stores Afcs-Chofrners Am Brandt Inc Am Broadcast Am Can Co Am Cyanorrad Am Elec Pwt Am Express Am Horn* Prod Am Motor* Cp Am Nattval Got Am Tel I Tel Amoi he Amerodo Hki AMf he
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    • 814 10 Amsterdam DCC 16 Fb ABN 558 00 +10 109 50 1 4 Ahotd 76 30 1 136 30 -0 2 AMfV 8080 +14 Amlot Amro Bonk 101 50 +34 Boh Borvjmn Bo*kol» Bur Tet Cotond Calve Dek M, Ekevier ***** 65 Fah 53 80 -0 3 f Okker
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    • 64 10 AFP FORD MOTOR Company has paid US$493 million for 81 per cent of the First National Financial Corporation previously held by National Intergroup. The acquired company, whose assets are US$ll.2 billion, is the ninth largest company among those in the US Saving and Loan Association. Ford said
      AFP  -  64 words
  • Page 10 Advertisements
    • 405 10 Johannesburg wat closed on Monday. Brussels prices were unavailable. 3 3K p T, x a^? r,"I Is ifiS> Isifie season tobejotty.... > -W .-&j| PRE-CHRIStMAS DISCARVERY LUNCH All you can eat from a lavish buffet spread of soup, appetizers, salads, main courses and desserts Plus a cup of tea or
      405 words
    • 184 10 London stocks on Pago 15 i Tye Lounge Enjoy the world's finest wine, while you relax in the cosy ambience of The Lounge. Savoury Hours: 5 7 pm daily. Getting to know the Perfect Combination, our new Filipino group. Free curry puffs plus 1 free drink for every 2. CRpwn
      184 words

  • ASIAN STOCKS
    • 419 11 HONGKONG: Share prices closed mostly lower yesterday on moderate selling by local fund mangers. The Hang Seng Index finished off 7.76 at 1,720.45 after gaining 6.39 points in mid morning. Brokers blamed the late fall to a general lack of interest due to an absence of fresh factors. Among
      419 words
    • 229 11 DCC 17 Al Sincere Indus Asia Cement Cathay Cons NT 251 23 70 29 20 0 09 -03 -06 Pacific Cons Pacific Elect Wire Pooiung Paper 1630 13 15 0 78 14 95 0 3 0 05 0 02 0 1 Chong Hwa Bank 43 80 -0 2 ShMin
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    • 428 11 SYDNEY: Stocks closed firmer yesterday as the market responded with across-the-board rises to stronger world metal and bullion prices. At the close of trading the All Ordinaries Index had risen 5.7 points to 960.4, the All Industrials 4.2 to 1,455.8 and the All Resources 6.5 to 614.0. The Gold
      428 words
    • 61 11 1— DCC 17 Pe*» Oriental B 0014 unch Phrfex B 0 14 0 005 Anglo Phi 0001 unch PLOT 36 50 Ape x Mtntng B 10 unch BaguK> Gold 0001 unch Bovc Petroleum 0003 unch San Miguel B 1650 -15 90 0 005 CDCP 6 70 Fnt Phd Hkigs
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    • 93 11 DEC 17 Wen Hyundoi Const 1010 50 Hyundai Motor 1901 •100 745 -5 KAL 630 8 Choheung Bk 700 -10 Korea First 774 -1 12 Commerciol Bk 753 •5 Yukonq 1623 Doehm Ind 595 10 Korea Ship 400 2 Doe woo Corp 560 8 Lucky Ltd 774 -46 Doewoo
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    • 100 11 1— DCC 17 56 -2 Stam City 440 -16 Asm fix* South Alio Fibre Bangkok Aground Bangkok Bank Bank Of Ayudhayo Ltd 202 118 inch inch Bank Thai Danu Bank Thai Farmen Bank The* Industrial 474 199 2 -1 Charoong Thai Wire Thai Mutual Industrial Foorv Ce Corp kntl
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    • 493 11 TOKYO: Prices yesterday closed at a record high in moderately active trading centring on biotechnologies and domestic-oriented issues. The market average rose as high as 13,169.01 in the early afternoon, but ended the day up only 11.09 at 13,128.94, a record closing high. Turnover was 340 million shares against
      493 words
    • 58 11 Reuter CASIO COMPUTER Co Ltd will make a one-for-10 bonus stock issue on April 30 for shareholders registered as of March 20. The bonus issue is due to accumulated premiums from past fund raisings on both domestic and overseas capital markets. It will bring Casio's
      Reuter  -  58 words
    • 277 11 Move reflects group's turnaround FT HONGKONG LAND, a steadily recovering property, hotels and food group, has cancelled a HK$2.5 billion stand-by loan facility arranged early last year. The cancellation represents a further important step in the group's revival and means that Exchange Square, HK Land's
      FT  -  277 words
    • 134 11 AP THE INDONESIAN coordination body for investment has decided not to issue any more licences to build cement plants until 1990 because of the overcapacity of existing cement factories, the weekly news magazine Tempo reported. Quoting an unidentified source, the magazine said consumption would
      AP  -  134 words
    • 207 11 UPI SOUTH KOREA'S Pohang Iron and Steel Co has agreed with the US Steel Corp to set up a US$lBO million joint venture company in the US next year, Pohang officials said yesterday. Under the agreement, the 50-50 joint company will take
      UPI  -  207 words
    • 93 11 AFP TALKS ARE CONTINUING in Beijing between Chinese officials and representatives of General Electric Corp (GEC) of Britain on the group's participation in the construction of a nuclear power station in southern China. France and China concluded an agreement in principle last Fri- day, valued
      AFP  -  93 words
  • Page 11 Advertisements
    • 737 11 B I 5 M **MU<»mkv.- I'fe ÜBBiW C A V V »wf J*'" T t C f. i CELEBRATE WITH VAMPIRE, GYPSY AND A FREAK At the l( )N, VAMI'IRF sing love (iYI'SY pi,iv ro< k ,tnd roll ,ind I (.died I reddv gets tre.ikv when Im■( >pl(■ don't have
      737 words
    • 134 11 Life after five... Most PoOu J' S«"iow» f J f 9 '5 S\t 2 Live Bands Nightly! spm -1 am (Monday Friday Sunday) spm 2am (Sat eve of public holiday) HAPPY HOURS spm 7pm (Daily) It's a real happy time! Just buy a drink and get the second FREE. FREE
      134 words

  • MONEY AND EXCHANGES
    • 722 12 SINGAPORE The US dollar closed easier yesterday against most major currencies due to speculative selling in light trading. The dollar closed weaker at 2.5060/70 marks compared with an early 2.5110/20 and New York's 2.5125/35 close, and at 201.70/85 yen against 202.05/15 and 202.15/30 respectively. It closed little changed
      722 words
    • Article, Illustration
      334 12 Asian market ASIAN DOLLAR deposit rates closed slightly lower yesterday compared with Monday's levels, in quiet trading. Two months closed at 8 7 3 a per cent, down V» point from the previous close, three and six months at 7-15/16 7-13/16, both down 1/16 and one year at 8-1/16 7-15/16,
      334 words
    • 124 12 THE OVERNIGHT rate on the Singapore interbank money market rose Vs point from Monday to close at 4 3 4 per cent yesterday. The one and two-month term rates fell by point each while the three-month rate rose by 1/16 point. S$ Interbank rates at 3pm yesterday: Offer
      124 words
    • 253 12 Interbank rotes at 3pm yesterday: Cwircmi Nominal 1 rates Smitheoman Md Otter croea parity change Local dollors to one unit of foreign currency: US dollar 2.1170 2.1180 2 8196 -24 92 Sterling pound 3 0580 ***** 7 3469 -58 38 Austrafcan dollar 1 4353 1 4381 3 4286
      253 words
    • 312 12 BA Futures EURODOLLAR futures yesterday opened lower from Monday's close on the Siraex but unchanged from CME's level. The March contract backed off to 92.30 after opening at 92.33. It finally closed at the day's high of 92.34. Currency futures opened higher. The March D-mark traded to a high
      BA Futures  -  312 words
    • 255 12 HONGKONG: The metal closed easier yesterday after fluctuating in the day against movements in the US dollar. It rose in the early afternoon on a weakening dollar, but its advance was limited by profit-taking around the US$322-level. The bullion price settled at $321.10/40 an ounce against an initial $320.85/$321.25,
      255 words
  • BANKING AND FINANCE
    • 372 12 Reuter, NYT HENRY KAUFMAN, one of the most influential economists on Wall Street, has said US interest rates are likely to come down early next year, and then rise again towards the end of the year. Mr Kaufman said he expects
      Reuter,; NYT  -  372 words
    • 260 12 Reuter SHORT-TERM yen interest rates eased further after a drop on Monday with seasonal money market tightness peaking last week, traders said. However, they said market participants still are not convinced that the Bank of Japan is abolishing its policy of keeping rates high
      Reuter  -  260 words
    • 180 12 Reuter JAPAN'S Finance Ministry plans to announce a second phase of deregulation of large-scale deposits around next April. The planned decontrol follows last October's liberalisation of interest rates on time deposits of one billion yen or larger. The ministry will reduce the minimum denomination to
      Reuter  -  180 words
    • 522 12 Reuter DELEGATES at the Cartagena group meeting of Latin American debtors have not openly endorsed Peru's tough stand with creditors, but have praised its domestic economic policies, Peruvian Prime Minister and Finance Minister Luis Alva Castro said. Peru has cut its
      Reuter  -  522 words
    • 214 12 UPI BRAZIL, the world's most indebted developing nation, will try to reschedule its debt without first agreeing to economic policies with the IMF. Central bank president Fernao Bracher has said a senior official will ask US and other international private bankers today
      UPI  -  214 words
    • 252 12 Reuter THE BUNDESBANK now looks set to allow banks to issue mark denominated certificates of deposit (CDs), but controversy and uncertainty over changes to the minimum reserve system make a comprehensive new package unlikely. Economists said the central bank's policy-making council could well
      Reuter  -  252 words
    • 116 12 Reuter MOST SECONDARY market areas of the Eurobond market ended virtually unchanged compared with last Friday's closing levels with most operators not willing to open fresh positions ahead of the Christmas break, dealers said. New issue activity also dried up with only one new bond
      Reuter  -  116 words
    • 208 12 FT BANK OF FINLAND will lower the base rate by 0.5 percentage points to 8.5 per cent as erf Jan 1, 1986. The move, which came after increasing pressure from business, labour and politicians, is part of a programme
      FT  -  208 words
    • 688 12 Reuter JAPANESE CENTRAL BANK checks on the foreign exchange market will keep the yen in a 30-yen range against the US dollar next year after a volatile 1985. Dealers and economists polled by Reuters forecast a 1966 trading range of 190/220
      Reuter  -  688 words

  • SHARE INFORMATION
    • 4234 13 MOST SHARE PRICES drifted further downwards in listless trading on the Singapore stock market yesterday. But there was some substantial activity in the grey market for shares in Singapore Airlines. Trading was quiet throughout the day and volume remained thin. At the final
      4,234 words
    • 270 13 SINGAPORE Rises Indices U M Flow 940 Pook Hm 290 Horraoni Mm 283 OUi 200 0 8 S 520 Soman*) Htdm 200 High A Low S0« 190 Inotcope 164 Falls 0 Karanat 500 8 la«M— 290 Wt fodder 120 FAN 575 HK Tm Car. 50* 160 DACMSOl
      270 words
    • 2806 13 BID and offer prices officially Usted and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      2,806 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 705 14 NEWLY-ELECTED Kuala Lumpur Stock Exchange chairman Nik Mohammad Din Nik Yusoff is set on continuing the modernisation programme of the exchange started by his predecessor and is working towards the internationalisation of the stock market. The 42-year-old lawyer-turn-ed-stockbroker and former national
      705 words
    • 328 14 THE STOCK MARKET in Kuala Lumpur put on another uneventful performance yesterday with share prices drifting aimlessly for most of the day and closing with small losses. Speculative stocks were traded higher in the earlier session but lack of buying support caused them to finish
      328 words
    • 2567 14 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. MDUS TRIALS AMD (4 00S) Alcom (0 728 0 735)
      2,567 words
    • 115 14 HONGKONG Monday 1452 0 Hong Seng Index Week ogo 1450 2 Tuesday 1720 45 Monday 1728 21 Week, ago 1728 29 NEW YORK Dow Jones TOKYO Monday *1553 10 Friday *1535 21 Nikkei Average Tuesday ****** 94 Week ago 1497 02 Monday *13)17.85 Week ago ***** 95 Standard
      115 words
    • 275 14 Managers' prices MARA-Bumiputra for Dec 18 First B putro 4 6V 4 4 Second B'putro 4 34 4 39 Singapore Unit Trust Third B'putro Fourth B'putro 3 55 3 93 360 3 98 The Commerce 115 1 22 Fifth B'putro 2 54 2 59 The Sovmgs Fund 0
      275 words
    • 378 14 AMALGAMATED Indnstrlal Steel Berkad: 15th AGM at Jalan Utas, Shah Alam, Selangor on Friday, Dec 20, at 10.30 am. AOKAM TIN Berkad: 31st AGM at the Conference Room, Malaysia Mining Corporation Berhad, 39th Floor, Menara PNB, 201 A, Jalan Tun Razak, ***** Kuala Lumpur, on Friday, Dec 20,
      378 words
    • 424 14 MALAYSIA MINING Corporation (MMC) is to turn Kuala Kampar Tin Fields into its corporate arm for activities in the engineering and related sectors. Kuala Kampar, as a subsidiary, will be able to gain access to the substantial resources of the largest
      424 words
    • 536 14 Bernama FABER MERLIN Malaysia Bhd, the hotel and property developer, is continuing its search (or new businesses to offset the effects of the slackening hotel and property sectors, chairman Abdullah Mohd Yusof said in his latest annual statement. With the hotel industry and property
      Bernama  -  536 words
    • 448 15 THE FORMER managing director of Kentucky Fried Chicken, Mr Masamichi Yazawa, is returning to the local fast food scene through a joint venture with QAF Ltd and a few prominent stockbrokers from City Securities and J Ballas. The three parties recently
      448 words
    • 373 15 SIME DARBY Bhd is to retain its own listing on the Hongkong stock exchanges after the flotation of its Hongkong subsidiary, Sime Darby Hongkong Ltd. SD Hongkong is expected to be listing on the three main exchanges the Hongkong, Far East
      373 words
    • 836 15 THE MARKET yesterday opened mixed in small turnover with Monday's sharp gain on Wall Street providing little impetus to the market, dealers said. At 0945 GMT the FTSE 100 index was 0.2 up at 1,376.7. Charterhouse Petroleum moved to 82p from 66 following a bid approach from an
      836 words
    • 346 15  -  By LORETTA McLAUGHLAN MINORITY SHAREHOLDERS of Pan-Electric Industries have no legal right to a copy of the preliminary financial report on the group prepared by Price Waterhouse, the international accountants appointed receivers and managers. At the end of November, when the original
      346 words
    • 622 15  -  By AMY CHEOK THERE IS AN AIR of mixed expectation over the performance of Singapore Airline shares when they make their debut on the Stock Exchange of Singapore today. The SES announced yesterday that SIA has been admitted to the official
      622 words
    • 369 15  -  By CHAN OI CHEE LEADING PALM OIL products group, Palmco Holdings Bhd, is stepping up its involvement in the lucrative financial services sector with its latest Ms 9 million acquisition of a controlling stake in an insurance company. The company disclosed yesterday that its
      369 words
    • 245 15 AP AN AFFILIATE of the Mitsubishi group signed a contract with Ford Aerospace Communications Corp on Tuesday for a 1.3-tonne communications satellite to be launched in February 1988, a company official said. Tsutomu Kizawa, an official at Space Communications Corp, a joint venture between Mitsubishi
      AP  -  245 words
    • 248 15 THE UNITED OVERSEAS BANK group has acquired additional 93,000 shares in Haw Par and 90,000 shares in United Overseas Land. The purchases, for $169,326 and $105,612 respectively, have raised UOB group's interest to 31.9 per cent (47.5 million shares) in Haw Par and 26 per cent (43.5 million
      248 words
    • 63 15 RAHMAN Hydraulic Tin Bhd: Pre-tax profits for the year ended Sep 30. 1985, rose 6.2 per cent to M$10.9 million (from $10.2 million) in spite of a marginal decline in turnover to $23.4 million (from $23.8 million). Directors have recommended a final dividend of 7.5 per cent less
      63 words
  • Page 14 Advertisements
    • 389 14 NOTICES IN THE MATTER Of THE COMPANIES ACT, CAP. IK LJONG AH 800 DtON WORKS A TRADING PTE. LTD. (Ia Mc■ben' V*tuUry ftpr r!■ I BnitilliM At an Extraordinary General Meeting of the members of Ltong Ah Soo Iron Works St Trading Pte. Ltd. duly convened and held at ill
      389 words
    • 287 14 IN THE MATTER OF THE COMPANIES ACT. CAP. 185 AND IN THE MATTER OF 1) CISSU SUPPLIES PTE LTD 2) CISSUP OILFIELD SUPPLIES PTE LTD (Both in Members' Voluntary Liquidation) At an Extraordinary General Meeting of the above companies individually duly convened and held on 7 December 1985, the following
      287 words
    • 431 14 NOTICES la the Matter af The Cam pastes Act, Cap. Iff aai la the Matter «f EISHIN BWITCHOEAK ENGINEERS (PRIVATE) LIMITED Nattee «f Reaalatteas far Members Vatutary WMkf-lJp (Pamaat te —Ml M) At an Extraordinary General Meeting of the members of Elshln Swltchgear Engineers (Private) Limited duly convened and held
      431 words

  • Page 15 Advertisements
    • 161 15 LOST SHARE CERTIFICATES The following share certificates/* together with relevant signed transfer deed have been reported lost or destroyed Nam* of Company Certificate No In name of No of Shares No of Share* Chemical Industries (Far East) Limited Hong Fok Corporation Limited International Trust A Finance Limited Metal Containers Limited
      161 words
    • 63 15 CENTURION X The Centurion Executive 18 knrat gold stainless steel with or without diamonds Quartz Water-resistant With sweep-second hand, day and date CONCORD THE NAME IS A LEGEND. OWNERSHIP A PRIVILEGE. Singapore Authorise Dealers Asia Watch Centre Cortina Watch Centre Shut Hwa Jewellery Chew Cheong Jewellers Hoy Eastern Watch Jewe«ery
      63 words

  • 543 16  -  By AMY BALAN THE SUDDEN PLUNGE in the value of the New Zealand dollar has driven home to Singaporean investors the lesson that the higher the interest rates, the higher the risk. It has also highlighted the truth that the early
    543 words
  • 265 16 AN AD HOC COMMITTEE set up by the Thai government to look into ways of reducing the country's foreign borrowing has strongly recommended that several big development projects be shelved. Its report has not been made public but local press reports have said
    265 words
  • 533 16  -  By BOEY KIT YIN SINGAPORE'S reputation as a free trade centre was no passport for preferential treatment from the US, an American expert on international trade said yesterday. Mr Thomas Emrich, the vice president and senior economist of the International
    533 words
  • 97 16 AP THREE PROMINENT Filipino lawyers have asked the Supreme Court not to stop a special presidential election even if it is unconstitutional. Emmanuel Pelaez, who was the Philippines' vice-president in the early *****, argued that the Feb 7 election was unconstitutional. But he
    AP  -  97 words
  • 119 16 SINGAPORE COMPANIES which took part in a major book fair in October have secured sales orders worth more than $1 million. In addition to these on-the-spot deals at the six-day Frankfurt Book Fair in October, more than $8 million worth of other orders were being
    119 words
  • 58 16 THE NEW YORK stock market resumed its upturn in early trading yesterday, with support spilling over from a surging bond market. The Dow Jones Industrial Average was up two points to 1555, adding to the previous night's record close at 1553. Advances edged declines on volume of
    58 words
  • 128 16 ONE WORKER was injured in an accident at the Mass Rapid Transit (MRT) Novena site yesterday when a tunnel there was decompressed. At about 3pm, a locomotive inside the compressed air lock at the entrance to the tunnel at Novena slid backwards. hitting and buckling
    128 words
  • 552 16 "GENERAL Lee Hsien Loong and Miss Ho Ching," the loudspeaker announced at the Registry of Marriages just after noon yesterday. "What do we do now?" asked Mrs Lee Kuan Yew. "We wait for the Wedding March," her smiling son replied. The 33-year-old Minister of State
    Picture taken by Mazian Badron  -  552 words
  • 355 16 HOST THAILAND has emerged overall victor in the 13th South-east Asia (SEA) Games which closed last night with a colourful closing ceremony. In the Games' final event last night, Thailand picked up the men's football gold medal beating Singapore 2-0 in a match played to a
    355 words
  • 317 16 A "GAMBLER" who made more than US$4OO,OOO in two days on an investment of just over $3,000 in the stock market has been found innocent of insider stock trading, fraud and obstruction of justice. Thomas Reed, 51, allegedly received information on March
    317 words
  • 63 16 Reuter COM EX gold futures yesterday turned lower on mixed selling after an early rally ran out of buyers at Monday's highs. Spot gold was off US$O.6O at $321.00 an ounce. The leading February delivery fell $0.70 to $324.30. Analysts said the fund account C and D Commodities,
    Reuter  -  63 words
  • LATE FILE
    • 43 16 UPI A NEWLY-FORMED party dedicated to expelling illegal immigrants from Assam, the Assam Gana Parishad (AGP) party, took an early lead yesterday over Prime Minister Rajiv Gandhi's Congress (I) party in voting for the Assam State Assembly.
      UPI  -  43 words
    • 35 16 Reuter QUEEN ELIZABETH has refused to block the use of Britain's royal seal on cigarette packs in spite of an opposition politician's charge that it encourages her subjects to smoke.
      Reuter  -  35 words
    • 36 16 AFP THE MALAYSIAN government yesterday lifted a ban on political gatherings in six states, imposed after clashes between Muslim fundamentalists and police left 18 people dead on Nov 19. AFP
      AFP  -  36 words
    • 41 16 Reuter INDIA and Pakistan, in a major step towards better relations, agreed yesterday not to attack each other's nuclear facilities. They also announced that defence officials would meet to end clashes on a disputed Himalayan Glacier. Reuter
      Reuter  -  41 words
    • 53 16 Reuter EUROPEAN Economic Community foreign ministers yesterday approved the texts of amendments to the founding Treaty of Rome. "We have accomplished our mission," said Luxembourg Foreign Minister Jacques Poos. The agreement is meant to streamline the operations of the group, mainly by restricting the veto powers of
      Reuter  -  53 words
  • Page 16 Advertisements
    • 309 16 Time for Marcos to retire, Page 5 Leader, Page 8 JACK'S PLACE DECEMBER '85 SET LUNCH MENU KIUINEY ROAD YEN SAN BIDG BRAS BASAH COMPLEX MON Marinated Leg of Lamb w Steak *>th Garlic Butter TUE Roast Pock or Spring Chicken WED Oitail Stew or Pork Chops THU Roast Chicken
      309 words
    • 250 16 The C*mex stiver report was unavailable at press-time. Celebrate And Be Merry We Take Care Of Your Festive Needs Preparing for a function? At home or in the office—Continental Outside Catering can help bring the festive cheer right to your door We specialise in a pot-pourri of Chinese Western local
      250 words
  • Page 16 Miscellaneous
    • 56 16 Outlook for today: Showers over several areas in late morning and early afternoon. Report for 24 hours prior to 7 30pm on Dec 17 at the airport: Maximum temperature 30.0 Associated humidity 75 Minimum temperature 23.9 Associated humidity 95 Hours of sunshine 3.00 Rainfall in millimetres 8.4 Rainfoll this month
      56 words

  • SHIPPING TIMES
    • 113 17 FOUR Scandinavian shipowners are investing more than US$l5 million to computerise one of the world's biggest container pools. East Asiatic Lines, Wilh Wilhelmsen, Transatlantic and Johnson Line have set up a company called Global Equipment Management to control its fleet of more than 200,000 containers.
      113 words
    • 357 17  - Conference to quote freight charges in US By JUNE LIM MEMBERS OF THE Straits Australia Shipping Conference have decided to quote freight charges in US dollar instead of the Australian dollar. The change will take effect on Jan 15 next year. The decision was made after member lines took a
      357 words
    • 156 17 THE MARITIME Museum of the Port of Singapore Authority has received a model of a C-9 class container ship from American President Lines. The C-9 class container ships are the largest to be built in the US. Each vessel measuring 260 metres
      156 words
    • 159 17 Reuter THE PLANNED formation of a shippers' association in Hongkong has been delayed by a lack of interest due to low freight rates, James Tien, chairman of the government supported Hongkong Shippers Council, said. He said that the association, designed as a body
      Reuter  -  159 words
    • PORTSIDES
      • 79 17 Reuter SOME PART-TIME workers laid off by Taiwan's largest shipbuilder yesterday staged a protest to demand severance pay, police said. They told reporters the protest began as the state-owned China Shipbuilding Corporation began sending home 1,492 workers. A company spokesman said all the protesters were part-time workers
        Reuter  -  79 words
      • 93 17 A CHINESE maritime court in Shanghai will auction a Liberian ship whose owners failed to pay money owed on it, the China daily said. It said the 27,963 dwt M/V Opal City, belonging to Zenith Transport Inc of Liberia, was detained in Shanghai in November after
        93 words
      • 72 17 LLOYDS SHIPPING Intelligence Service said salvage association surveyors at Singapore reported the Panamanian motor vessel Sara D (8,918 tons gross, built 1982), on fire since Dec 13, sank on Dec 14 following a collision with a Chinese motor vessel. Sara D was loaded with 12,000 tonnes of
        72 words
      • 91 17 THE POWERFUL All Japan Seamen's Union is to continue its campaign against flag of convenience shipping after the union's largest ever co-ordinated action in the port of Kobe. The concentration of activity in Kobe at the end of last month resulted in 15 ships signing agreements negotiated
        91 words
    • 1158 18 i"HH LONDON freight market had a generally slack Ivj'ker rate on Monday, but with firmer conditions on the US Gulf-Japan grain voyage Ca' gill conceded the 25cents better level of (fio) to the Manila Peace for a 50,000-ton US ('«lf J a van grain haul after Vuding over
      1,158 words
    • 1072 18 Fairplay "CONTAINER LEASING is a relatively simple process, but a remarkable number of companies make a mess of it," says Nigel Williams of 6-month old Antrak Containers Ltd. The current tangle of small investor leasing companies tends to confirm this view. This year
      Fairplay  -  1,072 words
    • 878 18 A Top Ent X 2 AB Shpg V 5 Accord Shpg IX 5 Afeo Line VI 3 Ahrenkiel Liner X 1 AC Toepfer X 5 American Pacific IX 5 Anro Service IV 3/4 Antah Orient X 5 Arrow Lines X 5 Atlas Lines X 4 ANL 1
      878 words
    • 482 18 AFP TRANS-ATLANTIC grain rates wallowed at unchanged to easier levels on the freight market last week but those (or bulkers available December/January on the US Pacific coast showed isolated strength, as charterers endeavoured to cover Japanese commitments before the Christmas holiday period. On the US Gulf to Europe
      AFP  -  482 words
    • 222 18 AP THE NAVY continued searching in heavy seas on Monday for 33 men lost in the southern Gulf of Mexico after a boat carrying oil drilling equipment sank in bad weather two days earlier. Marines were posted along the western side
      AP  -  222 words
    • 187 19 AFP THE INSOLVENT Sanko Steamship Company will likely avert liquidation as four major creditor trading firms have pledged to continue leasing its bulkers, an economic daily reported. The influential Nihon Keizai Shimbun said that Mitsubishi Corp, Sumitomo Corp, Marubeni Corp and Nissho-Iwai informed the transport
      AFP  -  187 words
    • 476 19 Ellerman continues to operate S Africa services FT ELLERMAN LINES has been bought from hoteliers Mr David Barclay and Mr Federick Barclay by its executive directors in a deal backed by City institutions. With a fleet of 18 fully and part-ly-owned vessels, Ellerman last year
      FT  -  476 words
    • 436 19 Lloyd's List. THE ISRAELI shipping industry needs some form of government protection if it is to survive international competition. According to the country's Shipping and Aviation Research Institute, the high cost of Israeli crews makes it impossible for the industry to compete without
      Lloyd's List.  -  436 words
    • 288 19  -  Kingsley Wood WATERSIDE workers' protests over recent months that the port of Sydney is being neglected and turned into a Luna Park are based on plans to make the Darling Harbour area the State's showpiece to mark Australia's bicentennary in January 1986. Darling Harbour, landing
      288 words
    • 229 19 Reuter CRUDE OIL deliveries from Iran's Kharg Island oil terminal are facing serious delays, with four out of si* or seven tankers used to shuttle between Kharg and the Sirri Island terminal out of action, Norwegian shipping sources said. The sources said the
      Reuter  -  229 words
    • 53 19 AP A 1,265-TON tanker exploded yesterday at the western Japan port of Mizushima while taking in its load of benzene. The official of Mitsubishi Oil Co said the workers were loading the inflammable liquid aboard the No Meiwa Maru when the ship exploded at 11:35 am
      AP  -  53 words
    • 724 21 -1986 Jan 13-14 Offshore export opportunities. seminar, Royal Lancaster Hotel, London W2 (details: European Study Conferences, Kirby House, 31 High St East, Uppingham, Rutland. Leics. Jan 14 Lecture, "Merchant ship conversions the Falklands campaign," by J Hannah, organised by Nautical Institute (South West branch), 1900 hours, RNEC Manadon.
      724 words
    • 3651 24 aaaasoiLß 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
      3,651 words
    • 849 25 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Nuptse 720 18 12 85 1800 S Consort F8 0900-1000 W2 Lmgquonhe 7E 19 12 85 0300 Y Fung F1 1800-1900 W1 Asia Star 43A 19 12
      849 words
    • 528 25 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure Keppel Dua Mar K30 Thome alongside 18.12/0500 Excelsior 2 K27 S'p° re Shp alongside 18 12/2300 G Selantan 9 KI8 Ocean Intl alongside 18 12/1900 Jokjyammi K28 Trans-Or alongside 18 12/0600 Kota Timur K36 PIL olongside 18 12/1200 Koto
      528 words
  • Page 17 Advertisements
    • 780 17 In Search of EXCELLENCE ?\'"i \nw>Uf l\\<t Kim i i^nniu This runaway bestseller disects the secrets of America s most successful and has distilled their success into eight basic findings which make exceptional sense THE BOOKSHOP Orient Oveiseas Cohlcmwa. Line Agents: NONE SMPfW MEMOES (lt| to. 2425M/MK) 70 Shcfttoo Way
      780 words
    • 69 17 raoa "CONTAINER LEASING is a relotively simple process, but a remarkable number of companies make a mess of it," says Nigel Willioms of 6-month old Antrok Containers Ltd. Pag« II ELLERMAN hos been bought from hoteliers Mr Dovid Barclay and Mr Federick Barclay. P«g« 111 Index to odvertisers II Shipping
      69 words
    • 564 17 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. THE BOOKSHOP MAERSK LINE KEEP YOUR APPLES FBE! FASTEST TRANSIT TACOMA TO: SINGAPORE 19 DAYS PORT KELANG 22 DAYS PENANG 23 DAYS CT
      564 words

  • Page 18 Advertisements
    • 470 18 YAMASHITA-SHINNIHON LINE CONTAINER SERVICES Pacific South Weet Pacific North Wast Feeder at Tokyo Feeder at Kobe Matter YSI LA/IB OAK IMk *Sl SCAT VCD P ARROR 25/1 28/1 DM. BUDGE 20/1 27/1 BEBHU M 1/2 4/2 S. BEBHU It 0/2 7/2 I. APOUO 1/2 11/2 HAKOW M 10/2 13/2 ZEEIANWA
      470 words
    • 257 18 Supercarrier Service **T ARSNAISBARBfR TAMPA IS 12 N ROUEN 7/1 BARBER TEXAS 7/1 N ROSARIG 27/1 BARBER PERSEUS 27/1 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA Uu acceptor contn tor Houston (MB). S Funic*. Oakland Stockton and San CNejo »u I AnjriM Cbarteston «i Sa*. TO: CARIBBEAN CENTRAL
      257 words

  • Page 19 Advertisements
    • 1024 19 The Straits Steamship Group Overseas Containers Limited I CONTAINERSHIP SERVICE TO UK CONTINENT: HONG KONG EWWSS BENAIDE* CITT V EDMUKH FRAMFURT EXPRESS HAABURG EXPRESS OSAKA BAT KASUGA MAUD BENAVON KOWIOON BAT CITT OF EDMIMH S'pore PKelang 21/12 22/12 29/12 30/12 04/1 05/1 11/1 13/1 20/1 22/1 27/1 29/1 05/2 07/2
      1,024 words
    • 752 19 JL BANGLADESH 42} SHIPPING CORPORATION Tender No. 1/85/86 (Acquisition/Disposal of Vessels) International Tender Notice For Acquisition of Second Hand Multipurpose Cargo Vessels. CORRIGENDUM Attention is hereby drawn to the above international Tender Notice published in this newspaper on 4.12.85. Please read" *****-***** DWT" in place of "*****-***** DWT wherever appeared
      752 words

  • Page 20 Advertisements
    • 500 20 u Hapag-Lloyd TO CONTINENT/UK EXPORTS On carriage to Scandinavia. Med. Carribean &S. America Inland haulage to inland destinations in Europe T TO EUROPE/MED S pore PKelanf Penanf leiioes Bdbao Genoa Hbt»j Rdim Bhaien Km Xonkar Thettn 27/12 31/12 25/1 2/2 BN Touws 10/1 12/1 14/1 I®/ 2 l°/2 M/ 2
      500 words
    • 343 20 MS,LINE FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ 1 Member lht CwwwllutT CR TOKYO 2*l TRANSNORID BRIDGE 2S* CHINA CONTAIftR 33* CR PARIS 3N S pore PKetanf LeHavre R dam Fjlowe Hbur| Antwerp 2S 12 (23 12) 13 1 14 1 16 1 18 I 1 1 (30 121 20
      343 words
    • 694 20 11l Hai Sun Hup Co (Pte) Ltd TEL: *****06 (20 Lines) TLX R*****1 R*****2 KASTKRM \K LINKU. LTD. Specialist in RO/RO Service Accepting heavy-lifts upto 80 K/Tons Sailings from Japan Vend Spare P Keianf PRHCI MAdu NO I V7I SjM Sato) ASIAN CIfPER *13 Safed Safed OS* GRAWE *1 ?1
      694 words
    • 862 20 EVERGREEN Full Container Service Round-The-World East Bound Service (FE/CARIB/USEC/EURO/FE) sgp we use rig w oa no EVER GLORY 2/1 J/1 7/1 J/1 12/1 14/1 15/ I 3/2 10/1 14/1 15/1 17/1 20/1 22/1 2J/1 11/2 EKR GLEAMY 11/1 22/1 23/1 25/1 20/1 JO/1 31/1 15/1 EVER GRAM) 25/1 25/1 30/1
      862 words
    • 321 20 mSINOSE MARITIME PTE LTD TO PAPUA NEW GUINEA/ SOUTH PACIFIC SPORE PKeUnt Lwdnf (or: OCEANIA QUEEN In Port Lae, Orobay, P. Moresby. Kieta. Rabaul, Honiara KYOWA COSMOS 16/1 P. Moresby. Lae. Honiara. Kieta, agents RabaJ iayapwa SINGAPORE SINOSf MARITIME PTE lID TU 7701!44 7 *****70 POST KEIANG MAIOSE MARITIME SDN
      321 words

  • Page 21 Advertisements
    • 482 21 vo PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 MID. S.E.A. CONTAINERS PTE LTD. (FULL CONTAINER SERVICE) MALAYSIA SHIPPING CORPN SDN. BHD. FULL CONTAINER SERVICE VESSEL KOTA MACHAN 07E KOTA MACHAN KOTA MACHAN KOTA MACHAN P.KELANG SMM 26-26/12 9-9/1 23-23/1 P.QUOANG I KUCHING I K.KINABALU
      482 words
    • 753 21 BLC BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/ MM B HAVENR DAM HAMS SI OK IP KEIANG STORE If JR ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PEMNG AND EAST MALAYSIAN PORTS IKJJEBSEN LINE K. NEW ZEALAND TO NEW ZEALAND, PAPUA NEW GUINEA AND SOUTH PACIFIC
      753 words
    • 738 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINE FAR EAST TO/FROM SPOKE CONTAINER SERVICE ■AM TOM I OH IllffC KMX W STM •PMT tall* S4/1I 11/12 1» 14/U 1111/11 H-11/U 14-17/12 7171/12 II <m tl M 14/12 21/12 2V12 21 12 M/ 12 4-1/41 S PORE TO JAKARTA/SURABAYA CONTAWER SERVICE stok Tfw* smnmya
      738 words
    • 588 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon Spore Phashwetyawywa V26IW 27/29 Dec Loftaw VIO6HI 29/30 Dec Pa-an VB9W 28/30 Dec Pajan V94K 29/31 Dec Penan| 23/24 Dec BANK LINE EXPRESS SEH-CONTAINER SERVICE TO UK/CONT SPORE R'DAM HULL HMBG MEADOWBANK 22 Dec 17 Jan
      588 words

  • Page 22 Advertisements
    • 1325 22 USA CANADA ATLANTIC COAST (Round The World Service) NEPTUNE CONCORD VOB ORIENTAL DIPLOMAT V 24 NEPTUNE PEARL V 53 ORIENTAL MINISTER V 23 K LINE KAWASAKI KISEN KAISHA, LTD. PACIFIC COAST (Including DESTINATIONS INLAND via IPI Ml( KOBRIIMiK MINILAND BKIIM.K) FEEDER ASIA STAR V 43 IOHORf BRDGE V5l MOTHER VESSEL
      1,325 words
    • 631 22 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers (trdct P Maiy liner Vessel Spore Melti Frem S|Kln Also Accepts AURIGA lan AABKOAS IS lan 30 lan 4 Fet> 6 Feb AW Bra CAIABAR 25 lan RAMDAS 2 Feb 17 frt 2t Frt Prt A<W Bra RAMDAS t Frt 23 Frt 4
      631 words
    • 620 22 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD Aoanj lunj PiomfKul Sink Bu»dm( 60 Cecd Street SINCAPOM 0104 TEL ??19?90 110 IMS) STRAITS/PERSIAN GULF SERVICE bOIMN HAVIN i' t' f.,u,r> Bjßij. GOtOtN Bt Aft .n. IkLj. r.j 19 ?0 Dec i 10 Iw CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S
      620 words
    • 332 22 NTRASEA (PTB) LTD. 10 Anson Road »27 16 International Plaza Singapore 0207 Tel *****1 1 (10 Lines) BREAKBULK SERVICE TO EUROPE/UK Spore P. KeUnt Loadnf for FORT CARLETON *****20 Saied Saied ROT/ANT/UK (AVON)/ BELFAST SOUTHERN PAOFIC *****21 21/12 30/12 ROT/ANT/UK (AVON) A|«ntj Sn(<por< MTRASEA (PTE) LID BOOKMG *****11 K lumpu
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  • Page 23 Advertisements
    • 1103 23 \NOL NEPTUNE ORIENT LINES LTD Agents S p«t NEPTUNE AGENCIS PTE LTD It) No office Terminal CfS BOOKINGS *****77 FE EU AUSt TPA SEA *****77 *****22 *****53 00 MM CI I WIS *****53 *****42 I Bih(u HARPER HWA SON BHD 23*100 P Man, HARPER «WA SON BHD *****1 3842A8 P
      1,103 words
    • 541 23 if CXSNAM HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG, BUSAN. INCHON SPI»I lUNIS Nf PTUNI AGINCKS PTf 110 TH ?;«997; ?;BS4M i Bookings > ???7MO ??1?0?? (Operations) ????487 ??09?54 (terminal! ??0?4M) ??n? )04 (CFS) Ml «rSI« »UN!S I UNAS SI TIA SON BHO Kt lel
      541 words
    • 913 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDWG 55. Market Street Singapore 0104 Telephone Numbers *****3 (15 Lines) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** F KELANG PENANG M/S SHMKAT NAM SOON SON. M. IST AND 2NO FLOW MESSRS HAI THONG SMPPMG 127 Penang
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    • 121 23 K&S LINE JAPAN STRAITS SERVICE SANKYO LINE (S) PTE. LTD. 37. SomsrMt Road. #06-01. Ng Ttow YhM Bldg S por* 0923 T*l 235 8444 (4 Units) Port Kelanj Tija Pma St*pp*ij Sdr Bhd If! 03 3890.'4 5 Penanf Malaysia Trade Transport Ltd Tel 04 *****3 Pasir Gudang Malaysian Shipping Agencies
      121 words

  • Page 24 Advertisements
    • 647 24 l(cj|imral I'milainrr l>iiws S PORE SOUTH THAILAND SERVICE VESSEL VOY ETA SPORE RATANA BHUM SON 19 DM RATANA BHUM 52N 2 Jan RATANA BHUM 54N 16 Jan RATANA BHUM SSN 23 Jan ETA ETA SURAT THANI SONGKLA 26 DK 28/30 D«C 9 Jan 11/13 Jan 23 Jan 2S/27 Jan 30
      647 words
    • 74 24 if QJ si FARGO SHIPPING COMPANY (PTE) LTD EXPRESS CONTAINER SERVICE SINGAPORE/BANGKOK -4 WEEKLY Accepting both FCI and LCI: *ICL Cargoes packed at private CfS Mort-Fri 9am 5.30pm Satwday 9am 12 30pm eid. Sun I Pub Ml WEEKLY SERVICE TO HONGKONG. KEELUNG, KAOHSJUNG 1 JAPAN ETA Spore Loadng tor: 24/12,
      74 words
  • Page 24 Miscellaneous
    • 182 24 Regional Weather 1 a N m iVi ii o h 7i Va m H s* i mm 33 A: v; 1 kj u I^s SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wave height One halt tleche represents 5 knots R Thunderstorm Temperature c yQ\ Weather Wind direction
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  • Page 25 Advertisements
    • 119 25 MSC AGENCIES K LUMPUR P. KELANG PENANG P. GUDANG I. BAHAMJ LEOSHP SPORE *****88/*****56/*****48/*****93 *****1/4 TERMNAL *****1/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 *****8/*****8/*****5 *****22 FAR EAST/EUROPE CONTAINER SERVICE TO tUWff FKOU in !i/''•Mpgnig[j t i2miOTrciKWFnT»mMßiiM[CllßiniliniMlilll |i i E3J mm riifTTM mtn w mr— rnri htttm ran im hbk i ir. ■rmrrnMrra i'B!'.'ii"MF7y utn
      119 words
    • 51 25 FRATA CONTAINER LINES FRMA SHPPMG PTE LTD (TIL: *****04) LIZENA PTE LTD Tat: *****67, *****68 T*l«x: R*****1 ETA ETO Loa<Snf for MEKONG VENTURE 21/12 27/12 Ptwwm Penh MEKONG EXPRESS h Port 21/12 Plwwn P«* TBN 27/12 M/ 12 MUt Crt» RAVA lAYA 27/12 31/12 D»ui/Pckan Bjoj TBN In Pod 21/12
      51 words
    • 544 25 Authorised Consolidators for APL American Pacific Lines, inc FMC APPROVED RATES Consolldator of Consolidators Closing Petes Loading tor aM Inland Oecttnattona Be naftMiiiUifailfrii I BBS bm ae 21/1 1200 hrs 28/1 1200 hrs llfrlh'i'Ul The only carrier serving LCL cargoes ro alt American Inland Destinations 'Freight To Collect' acceptable SOUND
      544 words

  • Page 26 Advertisements
    • 547 26 {ft EXPRESS CONVENTIONAL SERVICE TO AND FROM UK/CONTINENT TO: EUROPE 16 MAN STOK P KELANG PENAN6 FOR liri Hit Ok 21/29 o*c 30/31 Ok UK. LHAMK. RTM. «G. BUN ANWP StNJAMAS 10/2 lai 4/« lan 7/1 lan 9/11 Jan UK. RIM. HBG BMEN. ANERP FROM EUROPE: PENANG P KELANG STOK
      547 words
    • 492 26 CHINESE TANZANIA LINE Regular Conventional Service from S.E. Asia to Red Sea/Mediterranean. VESSEL BIT ETA LOADING FOR: Ruvu 1976 28/1/86 Hodeidah, Jeddah, Alexandria Pinggu 1977 12/2/86 Hodeidah, Jeddah, Alexandria •Port Said, Aden and other Mediterranean ports subject on inducement. General Bookini Afents: S pore Lucky Seaway Services Pte Ltd. Tel:
      492 words
    • 726 26 C.Y. LINE (A Member 01 The ACE Consortium) CHO YANG SHIPPING CO. LTD FUUt CONIUCMSD SERVICE 10 EUKOK (VIA 9X2) Sport LcHjrvc Atom Fitowc tfbw| Bran SIWN SIAS BROGf S3M hft C/l 7/1 9/1 11/1 12/1 CR TOKYO T* 75/12 13/1 14/1 U/l 11/1 1»/1 TRANS WORLD BROS ?JW 1/1
      726 words
    • 1008 26 Everett Lines/ COMPANA PERUANA DC VAPOKES (C.P V.) "PERUVIAN STATE LINE" liad.nf loi laHao Mjtaran. Ho and all otftn f>fu»«a« pom «>lh tfir<,l*pm*fll at *"t* Or; CPV lorougti Bills o» laAng to tiMl desunatiort Penanf* P. Kelanf Sin|apore MURRAYEVERETT 2»/» Dec THOMASfVERETT «/10 Jan 11/12 Jan HUGHE VERETT 24/25 I*
      1,008 words
    • 427 26 ZIM NCf MDEPEMKNT FULL CONT :ar(oes to USA East t West Coast. Carribfceaniast FttDO *51 tee*** Fa/La and HAITI ZIM EILAT CONTAINER LINE S p«f (ill Tntstt K«p*< tmci Pimui M BRISBANE 21/12 10 1 21/1 22/1 19/1 U/l m SMGAPOM 11/1 2«/ l 4/2 S/2 2/2 M/l kccptnf FCI
      427 words