The Business Times, 17 April 1986

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 THURSDAY, APRIL 17, 1986 75 CENTS
    12 words
  • 436 1 POLITICAL PROBLEMS could afflict some South-east Asian countries "if depressed oil and commodity prices drag on into 1987", Prime Minister Lee Kuan Yew has warned. Speaking at the National Press Club in Canberra yesterday, Mr Lee said it would take
    436 words
  • 500 1  -  Rationalisation cited as reason for closing Singapore operations By ALVIN TAY DEAN WITTER REYNOLDS, owned by the world's largest retail and merchandising group, Sears Roebuck, will close its three Singapore companies which deal in securities, financial futures and capital market instruments. The closure of the
    500 words
  • 259 1 FIGHTING broke out near Colonel Gaddafi's headquarters in Tripoli yesterday, but it was unsure whether it was because of a power struggle in Libya or that Libyan soldiers were firing at American planes which reportedly flew over the Libyan capital again. Several
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  • 375 1  -  By FOO CHOY PENG, Chief Reporter SINGAPORE has again been rated a safe and stable place to do business by an American investment risk evaluation company. While the country's rating has slipped slightly because of the economy's structural weaknesses, California-based Business Environment Risk Information (Beri),
    375 words
  • 175 1 A NUMBER OF HOAX BOMB warnings were made to establishments in Singapore with American connections yesterday, following the US attack on Libya. Incidents were reported at the American Embassy, the Bank of America headquarters and the Hewlett Packard factory. Sources said that staff at Hewlett
    175 words
  • Article, Illustration
    85 1 IN SPITE OF the lack sf fresh heton to taflmee sentiment, •hare prices imprsved moderately is qsiet trading *s the Singapore stock exchange yesterday. At the close, the Straits Times ladsstrlal Index was S.ff points higher at 573.11 and the more hrssily hasod BT CompooIte Index was IN
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  • 437 1  -  By NAJEEB JARHOM THE BIG FOUR banks and stockbrokers are attempting to reach an agreement on a controversial plan by the banks to impose a V* per cent charge on Central Provident Fund members who use non-bank affiliated broking firms
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  • 111 1 SPECULATION that the Bank of Japan was planning to cut its discount rate in a coordinated move with the United States is groundless, bank governor Satoshi Sumita said in Tokyo yesterday. Referring to talks he had last week with Federal Reserve Bank chairman Paul Volcker
    111 words
  • Page 1 Advertisements
    • 171 1 Cassette Receiver H2 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore Phone. *****22 Kuala Lumpur: Phone. *****3 Phone *****5/*****1 Jakarta: Phone. *****5 PM rabukas Australian journalists, Back Paga RE-OPENS STYLE! LOUNGE/DISCO A MADE BRAND NEW WITH DISCO Surround yourself in a fully carpeted plush setting and luxurious leather upholstered chairs
      171 words
    • 263 1 SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS LETTERS CROSSWORDS TV A RADIO BRISTOW DOONESBURY OUR VIEW THE COLLAPSE OF PAN-ELECTRIC Industries hos spawned the view that a split between the Singapore and Kuala Lumpur stock markets is necessary to insulate the Malaysian market from Singapore's weakness. This view is too
      263 words
    • 153 1 New horizons in time. Rado DiaStar Anatom an amalgam of the latest scratchproof technology and anatomic-functional design Revolutionary design. Convex sapphire crystal, diamond-polished on both sides. A revolutionary leap into a new era of styling and design The perfect match the perfect anatomic solution. The anatomically formed sapphire crystal is
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    • 6 1 _.!;*/!/?}(^++,|$//|**&}<\(//&$ Crisis in ths Msditsrrsnssn, Psgs 6
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    • 66 1 Investors can take off on CPA INVESTORS have the choice of another airline stock in Cathay Pacific Airways, which is offering 397.25 million shares for sale at HK$3.BB each. The counter, which will make its debut early next month, could give Singapore Airlines a run for its money. The CPA
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  • HOME NEWS
    • 480 2  -  By JEFFREY TSANG BANKERS may be blue, developers dismal and shippers sad, but there is one sector of Singapore that is booming this year the arts. Ticket sales for this year's Festival of Arts in June are running out at an unprecedented rate. Although the
      480 words
    • 370 2 SINGAPORE'S Mr Charity, Community Chest chairman Dr Ee Peng Liang, will receive the highest honour from the National Trades Union Congress the Meritorious Service Award. A second recipient will be Mr Bernard Chen, the Member of Parliament for Clementi. The two are among 10
      370 words
    • 362 2 SINGAPORE'S population will grow by 36 per cent by the year 2030 but the workforce will be expanding at a slower rate unless more women go out to work. Dr Wang Kai Yuen, the Member of Parliament for Bukit Timah. highlighted the
      362 words
    • 434 2 A $200,000 BUDGET has been made available to finance research into methods of training employees in retailing and banking to deal with changes. The money is to develop a programme for each sector under a pilot scheme of the "Core Skills for
      434 words
    • 121 2 CHEAPER PETROL contributed to a 2.5 per cent drop in transport and communication costs last month, and was largely responsible (or the second consecutive monthly decline this year in the consumer price index (CPI). The CPI, a measure of inflation, dropped 0.3 per cent
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    • 645 3  -  m By RAY HEATH THE FOOT-LOOSE WORKER has become less of a problem in Singapore. A period of rising unemployment is no time to get itchy feet. But while a job in the hand is worth more than an offer in
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    • 130 3 (Chinese) ft flrJO ft£M o SiK'tT —Wlffcftftt' #rftl«Ut*iJ+ftllK£.fcft£« «Hl'hW«#A£l3a& Nigi §g A ftff&AJa&SR «ffiSß'hA## A o s^«mftr^«.^it> £*ii»mit-«*»***•? (To• m*M>£ig *ifc£P o 'h£s]¥£SjsK*£ig fttefi£JBtfe«£ft«.mj£l}S& o ««—as &&&&*&&*>im&r s ft tff nm s —'Mm zm&zmn s H HI GenetechsĔ#s I It M m&jfcp)' »swgftiK* M>w*ftte«£« 'm2fc m 7Cft p] o B£
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    • 147 3 A FOUR-DAY exhibition of office equipment has been postponed from this month to July because some participants are hoping for better business opportunities in the later part of the year. Office '86, an exhibition on modern office equipment, systems and technology, was originally scheduled
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    • 46 3 JALAN MEMBINA has been closed to traffic for four months because of Mass Rapid Transit system work on the second entrance to the Tiong Bahru station. Motorists going to Jalan Membina should use Kim Tian Road in Tiong Bahru, or Jalan Bukit Merah.
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    • 325 3  -  By LIM SOON NEO CONTRACTORS working on the Mass Rapid Transit (MRT) system have submitted claims for significant sums to meet additional expenses but most are over-claiming. Claims made by contractors so far were "significant in amount" said Mr Dennis Ballou, project director
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    • 368 3  -  By CHUANG PECK MING SINGAPORE AND CHINA joined hands in 91 projects worth a total of about $414 million as at the end of 1965, said a Chinese official yesterday. The figures indicated Singapore was the most active among Asean countries in economic cooperation with
      368 words
    • 142 3 THE SINGAPORE Tourist Promotion Board has won another award in its efforts to promote Singapore as a tourist centre. Its entry "Surprising Singapore A Magic Place of Many Worlds" won the prestigious Pacific Area Travel Association (Pata) 1906 grand award for advertising in both print and
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  • Page 2 Advertisements
    • 99 2 The Hilton-British Airways Playhouse proudly presents PEGGY MOUNT PETER SALLIS PETER DENYER ROBIN KERMODE KARAN DAVID SHAYUR MEHTA and RENU SETNA in the comedy-thriller ~-T '/a ,4 \>r o rC' *4 Z' 8^ Directed by TED CRAIG Designed by MICHAEL PAVELK A Lighting by ALLAN MILLER BUNFORD Produced by DEREK
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    • 263 2 r 7 T W i Vrmfr-'l w' %i *.tV. m J :vV :K: sw -i": H.& W?wtez. i i?' i*r r H r, jO't* r t V'C V, V V V ft "V N ,v."> >W w 3 j > J X I Mtng Dynasty globe shotting earth i meridiem
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  • Page 3 Advertisements
    • 183 3 i A* "The best seafood is found in the French countryside True. The best seafood in France is found in those little restaurants on the coast, away from the city. True. Seafood lovers of Paris drive there to indulge themselves at every opportunity. True. The country drive, fresh you can
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    • 19 3 The east brings out the best in Lufthansa. .'Vj l s P Hi I 4t I Lufthansa German Airlines
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  • OVERSEAS
    • 401 4 MANY OF JAPAN'S big businesses are beginning to feel the pinch from falling exports because of the strong yen, but economists say the companies are prepared to let profits sink rather than lay off workers. The tradition of lifetime employment will shield staff from
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    • 190 4 NYT JAPANESE Prime Minister Yasuhiro Nakasone seems increasingly likely to dissolve the Japanese Parliament soon and hold national elections in late June, members of his ruling Liberal Democratic Party said. Mr Nakasone, who returned on Tuesday night from Washington after two days of
      NYT  -  190 words
    • 366 4 UPI THE PHILIPPINE Attorney General has filed criminal charges against former president Ferdinand Marcos, his wife, three children and 21 relatives and friends for allegedly illegally amassing wealth estimated at least US$5 billion, government officials said in Manila yesterday. Minister Jovito Salonga said in a
      UPI  -  366 words
    • 240 4 UPI NEW ZEALAND will lose its voice in the United States but will not suffer trade sanctions for its nuclear warships ban, according to Paul Cleveland, the US ambassador to New Zealand. Mr Cleveland, making his first major speech since arriving in
      UPI  -  240 words
    • 290 4 AP US TRADE Representative Clayton Yeutter said America's patience is wearing thin on many international trade disputes. Mr Yeutter said that US trade resolve is stronger than ever, and that the Reagan administration is prepared to move in instances where barriers are erected
      AP  -  290 words
    • 190 4 Reuter INDUSTRIAL OUTPUT in the US declined 0.5 per cent in March for the second consecutive monthly drop, the government said, indicating lacklustre economic growth. The Federal Reserve Board also revised down February's level to show a 0.7 per cent drop in production
      Reuter  -  190 words
    • 137 4 Reuter AMERICAN and Philippine audits have accounted for US$Bl million in US economic aid last year which some lawmakers had claimed were "missing". Peter McPherson, the head of the US Agency for International Development (AID), told a congressional hearing on Tuesday that a letter
      Reuter  -  137 words
    • 207 4 AFP THE FULL TEXT of China's first law regulating foreign-owned enterprises was a sparse outline of principles rather than a precise legal code, business analysts said. Titled the "Law on enterprises operated exclusively with foreign capital", the 1,500-word text, approved by the National People's
      AFP  -  207 words
    • 143 4 AFP A ROW over the drafting of Hongkong's post-1997 constitution has erupted. The furore was sparked by Xu Jiatun, the head of the Hongkong branch of the New China News Agency and China's de facto representative in the colony, who said last week that he had
      AFP  -  143 words
    • 178 4 Reuter THEY BAWLED over lost love, grieved the dearly departed, howled in fear, sang sad songs, feigned pain and choked over the cruelty of fate. Rachmad Setyoko out wailed 26 other contestants in a national crying contest held in Semarang, Indonesia, on
      Reuter  -  178 words
    • 335 4 NYT FINGER STROKES, anxiety levels, bathroom breaks and other actions of workers at video display terminals are being monitored increasingly by computers. Computers can prompt workers to work faster, automatically present their next piece of work, and warn them when they are falling
      NYT  -  335 words
    • 100 4 NYT THE FEDERAL Aviation Administration, using a new reporting system, found a record number of incidents in which aircraft nearly collided in midair last year. The figures released this week showed 777 such incidents, 31.9 per cent more than in 1964. The number
      NYT  -  100 words
    • 823 4 ARRIVALS Operator Service Local From number time SIA SQI17 0005 KUL LUFT LH688 0010 FRA/DXB UA UA805 0010 SFO/HKG RBA BI443 0330 BWN MAS MH68I 0820 KUL MAS MH811 0910 PEN MAS MH67I 0920 KUL SIA SQI03 0950 KUL CPA CX7I0 1015 CGK MAS MH603 1020 KUL
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  • Page 4 Advertisements
    • 181 4 Appreciation x courses FOR BOSSES AND SECRETARIES. J 1 A m 52 You've tested her patience. Taken her for granted. And made her tear her hair out. Yet she's never let you down. Now is your chance to make it up to her. To let her know you really appreciate
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    • 48 4 I) /1 I J Every Tuesday, Thursday, Saturday II I I |rA Y and Sunday. Leaving Changi Airport I Jl V I ml at 22:05 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel Agent. Effective 27/4/86. aid Yamaha AIR CANADA
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  • Page 5 Advertisements
    • 204 5 Flying to Europe? L This is when most airlines will be waking you up. Mi fv > -v-a--m •> 1 M* i IP r' A w&m n 1 tm •*>. m t**. r fk •vi;C, >:V wmm -m Ih How come only SAS waits until morning? This is just one
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  • CRISIS IN THE MEDITERRANEAN
    • 649 6 Soviets cancel Shultz-Shevardnadze meeting UPI, NYT THE BLISTERING US air strike against Libya was a victory in the global battle against terrorism, President Ronald Reagan said. He also warned that the US is ready to repeat its message "in the only language Gaddafi
      UPI,; NYT  -  649 words
    • 137 6 AP TWO LIBYAN MISSILES were fired at a US coast guard installation on Tuesday evening on the Italian island of Lampedusa, but they (ell into the water before reaching their target, Italian and US officials said. In Rome, meanwhile, the Italian
      AP  -  137 words
    • 482 6 NYT OIL ANALYSTS in the US have said that because of important changes in the oil market during the past decade there was virtually no threat of an oil embargo in retaliation for the American action against Libya. Libya's call for such a
      NYT  -  482 words
    • 734 6 AP GOVERNMENTS around the world have condemned the US for its air strike against Libya, saying a peaceful solution would have been better. But Britain, Canada and Israel supported the raid, saying it was necessary to stop Libyan terrorism. Palestinian groups and
      AP; Reuter photo  -  734 words
  • Page 6 Advertisements
    • 37 6 NADAMAN VJfT Where East meets West. For the very best in Japanese and Continental dining where else but the Shangri-La. RESTAURANT For reservations, ring Esther on *****05 or *****44 ext. 1954. Ample FREE parking. Shangri-La hotel SINGAPORE
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    • 378 6 Computer Project Management Workshop June 23-25, 1986 (3 days) Seminar Content Managing Project Management The Project Manager Six How do we work smarter problems Effective planning control Documentation for the real world Management the total problem Topics covered in workshop Some planning control sessions: techniques overall project stages Project Management
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  • Page 6 Miscellaneous
    • 46 6 Doonesbury YES, fT$ TIME FOR*SLEAZB ON WRAPS'! LET'S 9TAKTIHTTH PEA3AN APPOINTEES CUHO m +99 m m m m m v WK HEPS WE 60.. RJTA LAVELLE, JOSEPH CANZEfiI, LOWS COPPIA, MICHAEL CAPPENAS, VUESLEYA. PLUMMEP, MAW ANN &LLEECE, FPEPJ. YIL~ LELLA, LOUfS O.6MFFPJPA..." I BY GARRY TRUDEAU
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  • BANKING AND FINANCE
    • 748 7 SINGAPORE THE US dollar yesterday extended its early falls against most major currencies on selling pressure by local and European operators in active late trading, dealer said. The dollar fell sharply to a late 2.2730/50 marks from an early 2.3010/30 and New York's 2.3100/15 close. It declined sharply
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    • 237 7 Interbank rates at 3pm yesterday: Currencwa Nominal rate* Smithsonian Bid Oftor :roaa parity change Locol dollars to one unit of foreign currency: US dollar 2 1830 2.1850 2 8196 -22 58 Sterling pound ***** 3.2501 7.3469 -55 83 Australian dollar 1 5608 1.5644 3 4286 -54 48 NZ
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    • 208 7 TOKYO: Yen-denominated gold futures closed at the day's low of 21 to 42 yen/gram down on stoploss and speculative selling in response to the easiness of the New York futures market on Tuesday and the yen rise, dealers said. The failure of international bullion prices to rise on the
      208 words
    • Article, Illustration
      390 7 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in light trading. Period rates weakened between 1/16 and 1/8 point initially due to news of a larger than expected 0.5 per cent fall in US March industrial production, the US Federal Reserve's addition of temporary reserves via
      390 words
    • 354 7 Reuter EXPECTATIONS of an imminent US discount rate cut helped Simex financial futures to firm in fairly moderate trading. Currency futures firmed with a weak US dollar also aiding sentiment. June marks closed at U550.4417, up sharply from Chicago's 0.4352 with 1,30 lots traded. June yea ended at U550.*****9,
      Reuter  -  354 words
    • 64 7 THE OVERNIGHT rate on the Singapore interbank money market fell by 1/8 point from Tuesday to close at 5 per cent yesterday. The term rates remained unchanged. The mode is 4-7/8. S$ Interbank rates at 7pm yesterday: Offer Bid Overnight 5 4 7/8 1 -month 5 4 7/8
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    • 185 7 Reuter PERU has claimed a surprise victory for its hard-line debt stance, saying it averted a loss of borrowing rights at the International Monetary Fund (IMF) in spite of mounting arrears to the organisation. Prime Minister Luis Alva Castro said the
      Reuter  -  185 words
    • 263 7 Reuter THE FRENCH government is planning to give the Bank of France more autonomy. Prime Minister Jacques Chirac, speaking in the Senate on Tuesday, said the essential aim of monetary policy should be to maintain the internal and external value of the
      Reuter  -  263 words
    • 200 7 Reuter INDIA is likely to borrow as much as US$l.6 billion in commercial loans in 1966/87 ending March to make up for declining foreign aid, bankers said. India borrowed an estimated $1.35 billion last year. Its commercial borrowings have
      Reuter  -  200 words
    • 76 7 Reuter NATIONAL BANK of New Zealand, one of New Zealand's four trading banks, will cut its base lending rate to 18.0 per cent from 18.5 per cent, effective next Monday. A bank spokesman said the cut reflected a decrease in the cost of funds to
      Reuter  -  76 words
    • 97 7 Reuter THE FEDERAL HOME Loan Bank board has appointed the Federal Savings and Loan Insurance Corp (FSLIC) conservator for Gateway Savings Bank of San Francisco and Columbus Savings and Loan Association of San Rafael, California. Both thrifts are insolvent and will continue to operate as
      Reuter  -  97 words
  • Page 7 Advertisements
    • 66 7 Rilul Rooms Reserved For The WORLD EXPO 85 If you're looking for accommodation during the EXFO'B6, call Ken Air. 2 nights Special Q/S twin) for Reservation Package includes: 2 nights accommodation EXPO Admission Pass EXPO Transfers Room Tax Service charge o THE RELIABLE TOUR 336-0411 #02 25 Parxiane Shopping Ma*
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    • 195 7 Hongkong Bank opens the door to business opportunities 1 1 in China. I longkongBank's C 'hina I Vsk can help you make inroads into ('hina. ()ur special tics and business eonnections with that country are more than .1 eentut oUI. And, in more recent timcv we've assisted in the (levelopment
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  • FEATURES
    • 512 8 IN THE AFTERMATH of the collapse of PanElectric Industries and related companies, there are few stock market aficionados who have not attempted to apportion blame for the debacle where they think it is due. A favourite view aired across the Causeway is that Pan-Electric Industries
      512 words
    • 1852 8  -  The tourist industry in Western Australia stands to reap most of the benefits from the race for the America's Cup and, not surprisingly, the state is spending extravagantly with hopes of recouping the investment in the
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    • 423 8 Letters to the Editor Dear Sir, I refer to your article in Business Times of Bth April concerning the acquisition of property for the Central Expressway Phase 11. As a foreign owner directly affected by this move, I feel that your newspaper has a
      423 words
    • 104 8  -  R P Angermeir, Managing director, Siemens Engineering A Services (Pte) Ltd Dear Sir, I refer to the article headlined "Show loses size but gains prestige" in BT on April 9. Mr Jeffrey Tsang, your journalist, must have been in a hurry when visiting CommunicAsia,
      104 words
    • 265 8  -  Ma. Perllta G Tiro (Mrs), Joint chief executive, PA Consulting Services Pte Ltd Dear Sir, This refers to the much publicised preliminary thinking of PA Consulting Services Pte Ltd to maintain the 25 per cent CPF contribution for its staff (BT 9/4, 10 4, 12/4
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    • 282 8 "WHAT IS happening to dear old Freo'?" This question is asked increasingly often in the streets of Perth as the locals brace themselves for the onslaught of tourists during the America's Cup. "Freo", as the port of Fremantle is known affectionately among West
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  • Page 8 Miscellaneous
    • 670 8 CRYPTIC PUZZLE ACROSS 1 Being Oriental, it illuminated part of China! (6) 7 Base for peace fliers (8) 8 If wrong, serve as a faithful dog (4) 10 The average female pupil (6) 11 Felt, without being sure (6) 14 Even without an odd number (3) 16 Thanks tor the
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    • 47 8 BnStoW•' Flank Di ckeng G»er>He Keode,c, "TVms Chester Perr>/ cmpk>yec. has irxxaverhcriH\/ left- a cop/ oF Hie. SprinQ nurnberoF tKe fifrn'S House -ioompl m V>is briefcase. H6 uxfe. disccMacs ih "TV\\s cook) be tricJoy. THIS IS NfcM? FiPrvi'S V Mouse JOURNPvL^ SO "HIS IS uiHRT TMP*T'S Ri&HT.DePvt?
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  • SPORTS
    • 466 9 AFP A BITTER ROW has flared up between Australia's top two America's Cup syndicates. At the heart of the trouble is a claim by the Kookaburra syndicate of Perth businessman Kevin Parry that if the Cup defenders' final had been this month,
      AFP  -  466 words
    • 340 9 AFP THE SIXTH London marathon looks set to attract an extra 20 million fans thanks to the appearance of one of Japan's top athletes. Toshihiko Seko, the favourite for the Sunday's big race, breezed into London on Tuesday and his participation will add
      AFP  -  340 words
    • 243 9 AP MICHAEL SPINKS is aware of a change in his status since his upset of Larry Holmes for the world heavyweight championship. "It (being a heavyweight champion) carries a lot more respect and prestige than being light heavyweight champion did," Spinks said in Las
      AP  -  243 words
    • 167 9 AFP PAKISTANI Zaraq Jahan Khan, the brother of one of the world's great players, Hiddayat Khan, caused the first major upset in the British squash championship in East Grinstead on Tuesday. The 19-year-old, who is coached by his brother, produced a wonderful recovery from two games
      AFP  -  167 words
    • 429 9  -  By WALTON MORAIS THE SINGAPORE Island Country Club Open golf championship has been hit by a 42 per cent reduction in the number of entries received compared with last year. Only 20 golfers will tee off in the 72-hole amateur competition which begins
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    • 97 9 AMATEURS Daniel Lim and Poh Ee Kiat have decided to pay their own way to play in the Dunlop International Japan Open golf championship on April 24-27. The Singapore Golf Association had advised them that they would infringe the amateur code by accepting Spalding's
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    • 524 9 AP WEST INDIES captain Vivian Richards devastated England's bowlers with the fastest recorded century in test cricket history as his squad took a firm grip on the fourth day of the fifth and final test in St Johns, Antigua, on
      AP  -  524 words
  • Page 9 Advertisements
    • 131 9 M as The man who keeps Clark Hatch Physical Fitness Centers in top shape; Clark Hatch. Twenty one years ago* Clark wanted to start a business that would be successful, respected and the leader in' its field. He put all he had, his name, on the door and his reputation
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  • Page 9 Miscellaneous
    • 1245 9 Lily Tomlin, Dolly Parton and Jane Fonda (left to right) are the etare in Nine to Five, an escapist comedy. THURSDAY FEATURE SPECIAL Nine to Five 10.30 pm, Channel 5 Three working girls band together and plot to do away with their boss. Lily Tomlin is the manager who trains
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  • INTERNATIONAL STOCKS
    • 205 10 Reuter QUOTRON SYSTEMS, which provides stock quotations and financial news, has rejected a US$6BO million buy-out offer by Citicorp. It said yesterday that the offer from America's largest bank holding company was inadequate. Citicorp chairman John Reed said the company would pursue its bid, but had
      Reuter  -  205 words
    • 159 10 Reuter CITICORP, the largest US banking company, said its first-quarter profits fell 3 per cent to US$27O million from last year due to a jump in its reserve for bad loans up almost 225 per cent to $126 million. The drop followed the 6.9
      Reuter  -  159 words
    • 129 10 Reuter GUINNESS PLC said a combination of purchases and acceptances had lifted its stake in Distillers Co PLC to 115.5 million shares, or 31.8 per cent. The recommended offer closes tomorrow, as does the rival bid for Distillers from Argyll Group PLC. Last week, Guinness said its
      Reuter  -  129 words
    • 322 10 Reuter WALL STREET share prices ended with a small rise on Tuesday after investors gained confidence that the US strike on Libya would not become a more widespread problem. Traders said that initially, stocks were lower as investors gauged the impact of the raid.
      Reuter  -  322 words
    • 102 10 ami is Abitfe. c$ 24* Imp CM Inco 46* 22* Ale on 44 Algomo 19* Argoen HkJgs Bonk Mont 33* Bonk Novo Scotia 14* 39* unch Mc Bk>del 30 unch BP Con Ltd 28* Brascon 24* 20* Noraodo 17Vi 17* Coding O'Keefe 15* 4* Cmb) Rd Lk 24* 24*
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    • 193 10 AP* IS R<Md Umsec Woohwocth 1300 unch INDUSTRIALS MININGS A AJpho 1150 50 180 4?7S A£ And O 1125 -25 ISXXK 5.w 1550 >25 AMIC 3975 6950 -50 1575 -20 1150 -25 2700 •100 2100S CNA 195 +10 1015 unch Cume Finonce 500 unch De Beers 2335 10 in7onn
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    • 649 10 An 16 US$ Alton AJumn 3IS V AJcoo 41'« AJegheny Lod 21V. ireh Afced Chem Cp 50V -1 AJfced Stores 39* V Afcs-Cholmers 5* unch Am Brands Inc 84* -IV Am Broadcast Am Con Co 74* Am Cyonamd 68*. •V Am Eke Pwr 27V V Am Express 66V
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    • 903 10 Amsterdam Aft IS fh ABN ***** 9 112 50 -2 5 AhoM 77 70 -16 Akio 179 20 -2 7 AMEV 83 60 -0 8 Amtos 100 50 -13 3200 i»Kh Boh ***** 16 Botkain Bur Tet 158 80 -0 2 593 00 +3 Oct Mn EK*v*f 189
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  • Page 10 Advertisements
    • 197 10 ®\A I T *€*fT > vAW>P- S 'i m. J TONIGHT U.S. Leg Lamb The Chef carves at 8.15 pm every Tuesday and Thursday at the Baron's Table In the best European tradition of old, our Chef will ceremoniously carve a succulent roast, done to a turn, on the one
      197 words
    • 195 10 It could only happen at Hotel Miramar. ...The Perfect Place For A $3* Drink During Happy Hours. Yes! It's all happening here. At our Brass Rail Cocktail Lounge. A drink tor only $3.00* (except premium brands) served daily from 4pm to 7.30pm. Delicious natural air-tlown oysters or our select choice
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    • 74 10 A sumptuous family treat now available V L-i -i dishes and desserts' Lunch: 12 to 2.30 pm MfcKfnesday A Sunday at Terrace Garden Coffee House >7 181 Kitchener Road. Singapore 0820, Tel. *****22 s. CI 1 savoury specialities to please the palette. Come on down to Trishaw Coffee House, Monday
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    • 72 10 It's Cherry Blossom Time at the unkai Japanese Restaurant from April 15 to 28. Come and indulge in an exquisitely prepared Japanese set lunch or set dinner from just $8.50f+ to $20.00 Dinners on April 23 and 24 include exciting fashion shows at 8.15 pm. Plus special sake concoctions for
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    • 186 10 London stocks on Pags 15 Compliments of the house At Feng Cheng Lou.Teochew Seafood is our speciality And to salute all you good customers, a free dish o( deep-fried prawn meatballs is yours when you order from the a la carte menu Come soon for lunch or dinner and treatyourself
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  • ASIAN STOCKS
    • 471 11 HONGKONG: Share prices closed sharply higher yesterday as demand from overseas institutions helped the market erase Tuesday's losses, brokers said. The Hang Seng Index rose 27.46 points to 1,791.19 after losing nearly 22 points on Tuesday while the Hongkong Index climbed 17.15 points to 1,114.20. Institutional interest focused on
      471 words
    • 192 11 AW 16 A* Sincere Indus WT 2 78 001 Kofcn Kuochan Dev Lee Chang Yuen Ch 25 70 1950 -0 2 0 4 Cathay Coos Chang Hwo Bonk 32 30 44 20 0 1 1.1 Lien Hwo Indus Nan Yo Plos 12 40 0 1 Chw Hs*i Cement Chw
      192 words
    • 443 11 TOKYO: Prices rose marginally after fluctuating in a narrow range most of the day as investors took profits in many domestic-oriented issues. The market average gained 6.03 to 15,358.36 after falling 44.43 on Tuesday. Turnover was 540 million shares against 460 million the day before. The broader-based Tokyo Stock
      443 words
    • 85 11 APR 16 Petoi Morsteel Oriental B 0 0095 -0 0015 Acot* M«r*ig Pt»l Overseas 0011 Anglo PM Apex Mimog B Atk» Con B 001 14 0009 3 Ptnlex B Picop B PLOT 0 20 78 50 -001 -05 Boguio Gold Son Miguel B 39 -7 Bovc Petroleum 0 0026
      85 words
    • 403 11 SYDNEY: Markets shrugged off a sluggish start and finished firmer in quiet trading as investors sought tightly held industrial scrip. At the close, the All-Ordinaries Index had firmed up 3.8 points to 1,202.9 and the All-Industrials 11.1 points to 1,944.8. However, the AllResources shed 1.5 points to 641.6 and
      403 words
    • 79 11 APR 16 Won 50 50 50 Hyundoi Const Hyundoi Motor KAL 1079 2418 1175 +9 47 30 Choheung Bk Commerciol Bk 768 815 Korea Frst Yukona Korea V«p 830 2220 50 -70 635 26 39 28 500 26 1195 -24 Do*woo Ind 1280 Dong Ah Gold Star 535 1425
      79 words
    • 118 11 Reuter BANGKOK: The Securities Exchange of Thailand Index declined 0.63 to 128.90. Turnover amounted to 210,836 shares valued at 32.5 million baht. Reuter Apt 16 Sermsuk Ao Khom That Siam Cement 437 -19 Siam Citizens Ayudhyo Investment 132 Siam Cttucns Leas Bangkok Agro-tnd Ing 190 ■2 Siam City 456
      Reuter  -  118 words
    • 56 11 Reuter SHERATON CORP is negotiating for management agreements with five hotels in the Chinese cities of Xiamen and Guilin. Beijing's Great Wall Hotel, which Sheraton started to manage last March, had a rental rate last year of 93 per cent, with profits from March-December 1985 quadrupling over
      Reuter  -  56 words
    • 291 11 SCMP HONGKONG COMPANIES have been identified as vehicles for hidden wealth belonging to deposed president Ferdinand Marcos Earlier reports have pointed to a local network of shell companies and nominee shareholders used by Philippine officials and Mr Marcos's "cronies" to channel funds removed
      SCMP  -  291 words
    • 162 11 UPI DU PONT CO is to build a plant in Japan to produce moulded parts that have greater chemical resistance and thermal stability properties than other synthetic materials. Kalrez parts are used as fluid seals in chemical, semiconductor, chemical transportation,
      UPI  -  162 words
  • Page 11 Advertisements
    • 546 11 •r i T TV a IMP? IS > C mmmm "V wmsm ■JC? •-■>• 4W ars IS ir.f> iLolu jAPMESE RESTWRAHT V w ji£+~l jy *i All the Sapporo Beer you call for... during lunch or dinner is on the house 1 And that goes for any soft drink or
      546 words
    • 213 11 You can taste it with your eyes BUSINESSMAN'S 11 INCH (Daily) $14.00 for 2 (4-course Set $21.00 for 3 (5-course Set $28.00 for 4 (6-course Set $35.00 for 5 (7-course Set persons Lunch) persons Lunch) persons Lunch) persons Lunch) A la carte authentic Sichuan Cuisine also available. Cater to weddings,
      213 words

  • RAW MATERIALS
    • 609 12 FT COMMODITY EXCHANGE INC (Comex), New York's rival to the London Metal Exchange, has just launched a new contract the world's first traded option in copper. Traders hope that it will help restore the exchange's fortunes after the buffeting it has received in
      FT  -  609 words
    • 329 12 AFP TWO MEMBERS of the board of the London Metal Exchange (LME), who acted as official advisers to the British delegation at the International Tin Council (ITC), may have failed to warn the LME of the impending tin crisis,
      AFP  -  329 words
    • 209 12 MAY WHEAT FUTURES on Tuesday slid further after midday on general selling in thin volume, and settled 9-1/2 US cents lower on the Chicago Board of Trade. Other contracts eased 1-3/4 to 2-1/2 cents a bushel. Commercial and commission house selling initially triggered sell stops, and prices continued to
      209 words
    • 922 12 COFFEE A LIMIT down move in New York on Tuesday afternoon, with losses of more than seven US cents a lb in the two limitless near months, dragged robusta coffee futures down to new 10-week second position lows in fairly active afternoon business. At the close, July was
      922 words
    • 111 12 AFP RUMOURS of tin sales by two more banks that lent money to the debt-ridden International Tin Council (ITC) against the collateral of tin held in the ITC buffer stock circulated in London metal-trading circles on Tuesday. The two banks, whose identities were
      AFP  -  111 words
    • 207 12 SOYBEAN FUTURES on Tuesday finished a quiet session lightly mixed on the Chicago Board of Trade after trading in a narrow 3-1/4 US cent range. Prices closed about unchanged from midsession levels, with little fresh news to inspire trading incentive, traders said. Some noted that soybeans have been performing
      207 words
    • 86 12 NO PRICE wis fixed on the Koala Lumpur Tin Market yesterday as bids/offers totalled less than the It tonnes required. In Thailand, the Mineral Resources Department said It fixed its tin price at >,181.89 baht per picul (d Idlos), up from Tuesday's 1,114.85. The department said the price
      86 words
    • 284 12 SINGAPORE THE MARKET yesterday closed higher with May One RSS buyers quoted at 164.50 cents per kilo, up three cents from Tuesday. The morning session gained two cents on some shortcovering of nearby positions in quiet trading. Prices gained further ground in the afternoon on some speculative buying in
      284 words
    • 150 12 Chinoea Produce Exchange Sellers' noon dosing prices on Apr 16 (Ss/100 kg). Coconut oil Bulk FOB 50 00 Old drum FOB 63 00 New drum FOB 67 00 Copra Mixed (loose) 28 buyers Pepper Muntok White FOB NLW 1185 00 Sarawak. White FOB faq NLW 1170 00 Sarawak
      150 words
    • 66 12 Bangkok (USS/tonne. FOB) White Rice 100% 1st doss 240 100% 2nd doss 215 100% 3rd doss 210 5% 200 10% 195 15% 190 20% 180 25% 170 35% 165 Broken Rice A-l Super 115 A-l Special 112 C-l Special unq C-1 Ord unq Loonzoin Rice 100% 1st grode unq
      66 words
    • 172 12 MALAYSIAN palm oil futures closed lower on renewed selling and profit-taking after Tuesday's rise amid an increase in activity. The market started on a steady note following a firmer Chicago soyoil futures close on Tuesday night. Forward positions again attracted some interest and May and June closed Msl6
      172 words
    • 106 12 (cents/kg, 1-ton polletl) MAY 86 JUNE 86 (current month) (forward month) NOON NOON RAS Buyers Sdlri ftvyora SSR 20 154 00 156 OON 155 00 157 OON SSR 50 151 00 153 OON 152 00 154 OON MRELB luytn Sdl#fs SONgcs SMR CV 209 50 211 SON
      106 words
    • 329 12 RAS prices in S cents/kg, FOB in b oles NOON CLOSE Buyers Sellers Buyers Settecj Int 1 RSS Prompt 162 50 163 SON 164 50 165 50N Int 1 RSS May 86 162 50 163 50 164 50 165 50 lot 1 RSS June 86 163 00
      329 words
  • Page 12 Advertisements
    • 199 12 In the world of gastronomy, French masterchef extraordinaire Louis Outhier is creme de la creme. His unique cooking has drawn the rich and famous from near and far. It has also earned him an unprecedented 19.5 points out of 20 from the "Bible of Modern Gastronomy", the Gault Millau Guide.
      199 words

  • SHARE INFORMATION
    • 4203 13 SHARE PRICES staged a moderate rise on the Singapore stock market yesterday, thanks to what dealers called a technical rebound. At the close, the Straits Times Industrial Index was 3.99 points higher at 573.16 and the more broadlybased BT Composite Index was 3.50
      4,203 words
    • 286 13 SINGAPORE Rites If* dicaa April 15 April 16 Rosy Elact Gantingj 217 +11 BT Composite 476 35 479 85 354 +10 •T Indicator *****25 *****64 Bar|untoi 150 +10 •T OS/OS •195 203 -7350 -7308 H Laona t •d 50c 102 +9* BT CAM H« Tai Coro 50c
      286 words
    • 2670 13 SECTION ONE INDUSTRIAL COMMERCIAL Acmo (0 88* B 0 90S) (3) 089 (7) 0 89 (I) 0 90 Akom (0.446) Amol Steel 50c (0 655) (8) 0 65 B A T 22« (I 448 I 48S)XD Boto (I 7IB)CD Bousteod 50c (0 85S) (12) 0
      2,670 words
    • 281 13 Monogers' prices MARA-Bumiputra for April 1/ First B'putro 4 29 4 34 Singapore Unit Trust Second B'putro Third B putro 3 74 3 79 3 18 3 23 The Commerce 0 78 0 83 Fourth B'putro 3 36 341 The Sowings Fund 0 61 0 66 Fifth B'putro
      281 words
    • 125 13 HONGKONG Hong Kong Index Wednesday 1114 20 Tuesday 1097 05 Week ago 1089.39 Australian Industrials Wednesday 1944 8 Tuesday 1933 7 Week ago 1865 2 NEW YORK Hang Seng Index Wednesday 1791.19 Tuesday 1763 73 Week ago 1752 34 Dow Jones Tuesday 1809 65 Monday 1805 31 Week
      125 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 418 14 FT STANDARD CHARTERED dank, the London-based international bank, has rejected a formal £1.17 billion takeover offer from Lloyds Bank, one of the Big Four UK retail banks. Stanchart has pledged to remain independent. The proposed bid, first made known nearly two weeks ago, would
      FT  -  418 words
    • 403 14 MBT PERMODALAN Nasional Bhd will relist part of its shares in its wholly-owned subsidiary, Guthrie Holdings Ltd PLC, through a public offer on the London Stock Exchange (LSE) in mid-June. However, the number of Guthrie shares on offer will only
      MBT  -  403 words
    • 563 14  -  By RAMESH CHANDIRAMANI CASH-STARVED Aluminium Company of Malaysia Bhd (Alcorn) is embroiled in a contractual land sale dispute with a unit in the Lam Soon Huat stable of companies. On Jan 10, 1984, Alcom entered into a sale agreement with Kembangan
      563 words
    • 465 14 IF THE PRELIMINARY shifts in tour group patterns, away from Hongkong in favour of Singapore where hotel rates are now considerably cheaper continue, local hoteliers could see a badly needed rise in room occupancies during the second half of 1966.
      465 words
    • 500 14 BETTER buying emerged, especially in the industrials sector, and share prices closed slightly firmer on the Kuala Lumpur stock market yesterday. Industrial stocks were mostly firmer with scattered double-digit gains. Other sectors were mixed and price changes either way were narrow. Trading was more active
      500 words
    • 2698 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. ROUS TRIALS Acmo (0 806) Aiinomoto (3 I OS) xd
      2,698 words
    • 93 14 PRIMA Ltd: 26th AGM at 201 Keppel Road, Singapore 0409 on Wednesday, April 23, at 3pm. The EGM follows immediately after; the conclusion of the AGM. AJINOMOTO (M) Bhd: 25th AGM at Lot 5710, Jalan Kuchai Lama, Petaling, Kuala Lumpur on Thursday, April 24, at 9.30am. BRITISH-AMERICAN Tobacco
      93 words
  • Page 14 Advertisements
    • 239 14 <9> i ft ifi safer >: .V v 55S as m 3^ &J§gp s <CN. YOU DON'T GET AHEAD T k I BEING SECOND IN UNE. Whether it's winning a contract or making a sale, you don't succeed in business if you come in second place. The same applies to
      239 words

  • COMPANY NEWS
    • 695 15 Mm mm™ By HOCK LOCK ME« KHOO TECK PUAT has a knack of getting himself involved in takeover situations, especially contested bids. His latest reported foray into UK-based international banking group Standard Chartered PLC, which is facing a £1.17 billion unfriendly bid from Lloyds Bank, one
      695 words
    • 459 15 AMBASSADOR HOTEL LTD has come under fire from the Stock Exchange of Singapore for failing to make any announcement on developments affecting its proposed acquisition of the remaining 50 per cent in two Perth hotels. The SES charged Ambassador for not
      459 words
    • 894 15 THE MARKET yesterday reacted to the sharp falls seen on Tuesday after the US air strike against Libya as buyers took the opportunity to pick up bargains, dealers said. At 0851 GMT, the FTSE 100 Index was up 15.3 to 1,670.1. The day before, the index showed a
      894 words
    • 535 15  -  By LORETTA McLAUGHLAN THE ARRIVAL of Cathay Pacific Airways on the Hongkong Stock Exchange on May 15 could well put further pressure on SlA's share price in Singapore. Priced at HKS3.BB, CPA could tempt SIA investors to take profits and sink
      535 words
    • 741 15  -  No provision made in 1985 accounts By RAMESH CHANDIRAMANI CASH-RICH flour millers, Prima Ltd, is another public company to fall victim to the problems of forward share contracts. Tucked away in a footnote to its 1965 accounts, Prima admitted to having entered into several
      741 words
    • 83 15 8INGAPOBE BUS Service (lflS) Ltd has formed a new investment subsidiary to handle the investment portfolio of the parent unit. SBS Investments Pte Ltd was incorporated on April 2 with an authorised capital of $10 million. The initial paid-up capital is just $2. Thai Chee Ken and Tan
      83 words
    • 506 15 MBT OYL INDUSTRIES Bhd, which is seeking a listing on the Kuala Lumpur Stock Exchange through an offer of shares to the public, is looking to export markets to increase sales of its airconditioning units. Its offer of five million new shares at Msl par
      MBT  -  506 words
  • Page 15 Advertisements
    • 208 15 Sentosa Development Corporation Holiday Chalets and Bungalow For Lease at Sentosa, Singapore's Island Resort A limited number of holiday chalets and one bungalow are available for lease for a minimum period of one year. A) Two-storey single bedroom chalets about 89.42 m 2 at $700/- per month rental B) Two-storey
      208 words
    • 267 15 NOTICES la the Matter «f THE COMPANIES ACT, CAP. 185 Ami la the Matter tt POUW TAY TRADING PTE. LTD. At an Extraordinary General Meeting of POUW TAY TRADING PTE. LTD., duly convened and held at 100, Jalan Sultan, #07-00, Sultan Plaza, Singapore 0719 on 11th April, 1986, the Special
      267 words
    • 282 15 THE COMPANIES ACT, CAP 1M INM ARTEC SERVICES PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of INMARTEC SERVICES PTE LTD duly convened and held at 36 Robinson Road. #05-01/02 City House, Singapore 0106 on 12th April 1986, the following resolutions were
      282 words

  • 515 16  -  By LUCY NG FOUR CANDIDATES from international accounting firms contesting for seats on the Singapore Society of Accountants (SSA) Council have denied allegations that their aim is the liberalisation of advertising. This would only increase competition among international firms, they argue. "It is
    515 words
  • 485 16  -  By BOEY KIT YIN AN AGGRESSIVE DRIVE has been adopted by the Institution of Engineers, Singapore (lES), to recruit prominent engineers as members and to spruce up its image as a representative body of all fields in the engineering profession. Through these efforts, the
    485 words
  • 360 16 FIVE THOUSAND seamstresses are needed in the garment industry to meet the demand of increasing export orders. But jobs in garment factories, such as the 400 that have vacancies for workers, are still going a-begging. The garment industry needs to increase its workforce by 15
    360 words
  • 152 16 Reuter THE NEW ZEALAND Air Force could have mistaken a flatulent whale for a nuclear-powered submarine, according to Prime Minister David Lange yesterday. Mr Lange was referring to a defence alert last February when NZ Air Force planes were despatched to Cook
    Reuter  -  152 words
  • 77 16 UPI FACED WITH declining foreign exchange earnings, the Soviet Union has decided to re-examine development projects in Siberia. Japanese news reports said yesterday that Moscow had proposed Soviet-Japanese development of space and urged Japan to purchase Soviet rockets to launch its large-sized satellites for commercial use.
    UPI  -  77 words
  • 187 16 AFP MORE RELIGIOUS leaders and professors yesterday added their support to an opposition campaign for constitutional changes to allow direct presidential elections and greater democracy in South Korea. About 300 ministers and evangelists from eight protestant orders issued a statement supporting demands that
    AFP  -  187 words
  • 38 16 Reuter THE International Federation of Airline Pilots Associations (Ifalpa), representing 61,000 pilots from 60 countries, decided at its annual conference on Tuesday to boycott airports which did not protect passengers against terrorism and nations harbouring hijackers.
    Reuter  -  38 words
  • 267 16 PRIME MINISTER Lee Kuan Yew yesterday rebuked the Australian media for criticising Indonesia's President Suharto. Speaking at the National Press Club in Canberra, Mr Lee said: "Sooner or later media men have to ask themselves whether their highest duty is to publish
    267 words
  • 291 16 Bernama UNSURE, ERRATIC and arrogant that is how many Indonesians see Australia today. For several years now, Australian leaders have been trying to improve relations with Jakarta but their good intentions were often nullified by occasional attacks on Indonesia by the Australian press.
    Bernama  -  291 words
  • 354 16 THE TRADE SITUATION in March showed no signs of improvement as exports slipped 11 per cent to $3.6 billion during the month. This was in spite of a recovery in demand from the largest market the US in the
    354 words
  • 125 16 THE PRESIDENT of the United Malays National Organisation, Datuk Sen Dr Mahathir Mohamad, said yesterday that he is willing to meet his deputy, Datuk Musa Hitam, anytime to discuss party matters. He said there was no need for Datuk Musa to "apply and make an appointment"
    125 words
  • 80 16 Reuter COMEX GOLD futures fell on nervous selling yesterday morning following news that gunfire had erupted at the barracks where Libyan leader Muammar Gaddafi lives. Spot gold lost US$2.3O to match Tuesday's low of $338.50. Analysts said the gunfire in- cident fanned speculation that Colonel Gaddafi might have
    Reuter  -  80 words
  • 73 16 Reuter US STOCKS surged yesterday after reports of internal strife in Libya and this led to an enthusiastic opening. Also aiding were weaker oil and interest rates and the ability on Tuesday to rise despite the US air strike. The Dow Jones Industrial Average jumped 18 points
    Reuter  -  73 words
  • LATE FILE
    • 52 16 UPI ABOUT 3,000 rowdy supporters of former Philippine president Ferdinand Marco6 kept vigil near the heavily guarded US Embassy in Manila for the second day yesterday, pledging to produce a crowd of one million by the weekend to press for the ousted ruler's return from
      UPI  -  52 words
    • 49 16 UPI A JURY in California has awarded US$B.4 million to a five-year-old girl who suffered severe brain damage during birth when the attending physician and hospital staff failed to treat her properly. It is believed to be the largest medical malpractice judgement in the state.
      UPI  -  49 words
    • 52 16 Reuter NORTH SEA spot crude oil prices continued to tumble yesterday morning as the market became increasingly pessimistic that the Opec ministers meeting in Geneva will reach an agreement on production cuts. UK Brent crude oil for loading in May was sold at US$ll.5O a
      Reuter  -  52 words
    • 56 16 Reuter A MALARIA epidemic has struck more than half a million people on the central Indonesian island of Sulawesi. Antara News Agency said yesterday the authorities had sprayed more than 160,000 homes in south-east Sulawesi province with DDT, a strong pesticide banned in the US, to
      Reuter  -  56 words
    • 49 16 Reuter ABOUT 42,000 state employees went on indefinite strike in Finland yesterday, halting all trains, affecting domestic and international flights and cutting postal, communication and other services all over the country. The strike followed the rejection by workers' representatives of a last-minute pay offer.
      Reuter  -  49 words
    • 34 16 AFP PEOPLE'S Bank of China president Chen Muhua is to represent China at its first Asian Development Bank meeting at the end of the month in Manila. AFP
      AFP  -  34 words
  • Page 16 Advertisements
    • 100 16 Live In Luxury, Deep In The Heart Of Town 3 and 4-bedroom apartments Swimming fx)ol y 2 tennis and 2 pom squash courts, putting green, gy m, r playground and jogging track. Travertine marble floors, wool carpeting, curtains, light fixtures. Fully fitted kitchen.Washer, dryer, is Central air-conditioning and solar hot-water
      100 words
    • 88 16 la****®* /**7. J*. &E? t#s»t V 6 °^;as£Choose from Kampachi's exquisite Japanese Set Lunches Japanese Restaurant j(, e o fty prices and unfamiliar assortment of \apanese cuisine are common deterrents to many a diner At the Kampachi. we are glad to offer you 6 different sets of lapanese lunches Priced
      88 words
  • Page 16 Miscellaneous
    • 53 16 Outlook for today: Showers over moiry areas in the morning. Rep- ort for 24 hours prior to 7.30pm on Apr 16 at the airport: Maximum temperature 32.8 Associated humidity 65 Minimum temperature 23.4 Associated humidity 96 Hours of sunshine 5.75 Roinfoll in millimetres 12.0 Roinfoll this month 125.5 Rainy days
      53 words

  • SHIPPING TIMES
    • 188 17 PORT KEMBLA and Townsville are testing the feasibility of mounting a liner service to South-east Asia and possibly Hongkong and Japan. Neither centre has a direct service to South-east Asia and the Port Kembla Harbour Task Force and Townsville District Bureau decided to
      188 words
    • 87 17 Reuter PHB-WESERHUTTE AG of West Germany has been awarded a contract to supply -coal handling equipment for a wharf in Qinhuangdao, Northern China, a West German embassy spokesman said. He said the contract is being commercially financed and involves no government credit. He gave no further
      Reuter  -  87 words
    • 351 17  -  By JUNE LIM THE VOLUME OF bulk cargo handled through the Port of Singapore Authority gateways hit a new low in the opening month of 1986. Maritime Trade, a monthly publication of the PSA, reported that PSA handled 0.3 million freight
      351 words
    • 324 17 HYUNDAI MERCHANT Marine is building five 2,200-TEU vessels in place of an order for six of over 3,000 TEU. The five newbuildings will be used to replace four smaller vessels with a container capacity ranging from 1,200 to 1,400 TEUs which Hyundai took
      324 words
    • PORTSIDES
      • 125 17 AP A TITANIC survivor died in his home 74 years to the day after the luxury liner slammed into an iceberg and sank in the North Atlantic. He was 81. Mortimer Howell Cobb, who was travelling aboard the ocean liner as a 7-year-old boy with his German
        AP  -  125 words
      • 154 17 THREE BANKS have taken out a writ against a subsidiary of the Hong Kong Islands Line (HKIL) group of companies. The group is 60 per cent owned by New World Development Co Ltd. The banks are claiming outstanding principal and interest due on a two-tranche
        154 words
    • 1047 18 THIN chartering on Tuesday was generally reported for both single voyage and period business but a further drop was noted for US Gulf Japan grain business, brokers said. A rate of US$9 was paid from the Gulf to Japan which compares with last openly reported business at $9.50
      1,047 words
    • 1009 18 Lloyd's Economist IN A REPORT to the latest meeting of the International Maritime Organisation's Fire Protection Subcommittee, the US declares: "Crude oil is a thoroughly undesirable fuel to use aboard ship. While it is true that there are some
      Lloyd's Economist  -  1,009 words
    • 126 18 THE SHIPPING Corporation of India intends to reorganise its services from India to Europe and the United States and to hasten the introduction of larger fully-container-ised tonnage. At present, the company operates four vessels of 600 TEUs each on the
      126 words
    • 623 18 AB Shpg V 5 Accord Shpg VI 3 Afea Line VI 3 Anro Service IV 3/4 ANL 1 1/2 APC Line V 4 APL HI 2/3 ASCL IN 1 Bolt-Canada Line VI 4/5 Bolt-Orient Line V« 4/5 Bank Line V 5 B8S N 4/5 Ben Lme Cont
      623 words
    • 280 18 ARGENTINA April 7 Buenos Aires Stevedores work to rule. Full operation. AUSTRALIA April 7. Sydney 5 vessels operating. Melbourne Normal operation. BANGLADESH April 7 Chalna 10 vessels operating. Chittagong 20 vessels operating. BRAZIL April 7 Santos Waiting time of up to 5 days for bulkers. CAMEROON April 7
      280 words
    • 161 18 Opecna TOTAL (NIGERIA) and Unipetrol, Nigeria's only government-owned oil marketing company, have been granted new licences to operate bunkering vessels. These bring the number of bunkering ships operating in the country to 29, the Nigerian National Petroleum Corporation (NNPC) announced in Lagos. The
      Opecna  -  161 words
    • 176 19 AFP FRENCH UNIVERSITY students' problems in translating shipbuilding plans into English were partly responsible for costly delays to the construction of Australian Navy's newest warship, the Daily Telegraph reported. The Navy on Tuesday took possession of the French-designed supply vessel HMAS Success, the biggest warship
      AFP  -  176 words
    • 465 19 THE DECLINE in the value of the US dollar against major currencies has sparked off a new optimism among liner operators and American exporters. "We do see a light at the end of the tunnel, and it's not an onrushing train," Mr Frank
      465 words
    • 358 19 Lloyd's List THE OUTLOOK FOR the dry cargo sector is bleak. Lower bunker prices has been identified as the culprit behind increased pressure on bulk carrier operators. Galbraith's March review, says the decline in dry cargo freight rates since January, basically resulting
      Lloyd's List  -  358 words
    • 83 19 THE PORT of Halifax Nova Scotia, which experienced a slight dip in container traffic last year, is now expecting to boost its annual throughput by up to 35,000 boxes. This follows the decision by Neptune Orient Lines (NOL) and Orient Overseas Container Line
      83 words
    • 257 19  -  By Kingsley Wood THE WEST AUSTRALIAN shipbuilding industry and unions are generally less than delighted that Mr Alan Bond went to Japan for a floating "gin palace" said to be costing close to As 24 million. The 880-tonne Black Swan will reportedly have a
      257 words
    • 190 19 THE MAJOR shipping consortia operating between the Far East 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. ANRO (STRAITS/ AUSTRALIA): Australian National Line. Australia
      190 words
    • 80 19 THE PORT OF Bristol's timber trade boom looks set to continue with new record tonnages on the cards for this year. The Gear bulk Line of Bergen, which put five forest products into the Royal Portbury Dock last month, has another due this month.
      80 words
    • 502 20 April 9 Profitability of small ships, 1740 hrs. The Hon Company of Master Mariners, HQS Wellington, Temple Stairs, Victoria Embankment, London WC2. April 14 Information on the quality of marine fuels which may be beneficial to improving existing standards 1730 hrs, Institute of Marine Engineers, 76 Mark Lane,
      502 words
    • 7522 24 aaaaaaiß 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
      7,522 words
    • 806 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location Australia 8605 17.4.86 1800 Maersk F5 0900-1000 B2 Um Mercy 013W 17.486 2300 Green Asia F1 1400-1500 S5 Mon Crystal 03B 17.4.86 2000 Mansfield F1
      806 words
    • 1687 25 The leading shipping lines operating from local ports and their agents. A-B A Top Enterprises Pte Ltd Some (S) AB Shipping Bousteod Shpg Agencies A tea Lme Atricon Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd
      1,687 words
    • 832 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES SSPL 17 4 86/1830 -ffcntcing Serio K24 alongside Coral Pr'cess K36 Horper alongside 17 4 86/1545 Equator 4 K23 Thong Soon alongside 17 4 86/0300 Koto Pelongi K1I PIL alongside *****/1100 Ned Rosario K9 Borber alongside 17
      832 words
  • Page 17 Advertisements
    • 844 17 A hard look at what it will take to succeed in business for the next 20 years With turbulent times ahead forewarned will be forearmed $22.00. THE BOOKSHOP OOCL OfIQENT OVEIQEAS Cmtcuml UNE lAROWE sum AGENCIS (Ret Ho 242*4/ 00K) 70 Shenton Way *04 03 Marina House Singapore 0207 TO
      844 words
    • 74 17 mipi IN A REPORT to the International Maritime Organisation's Fire Protection Subcommittee, the US declares: "Crude oil is a thoroughly undesirable fuel to use aboard ship. Page II THE DECLINE in the value of the US dollar against major currencies has sparked off o new optimism omong liner operators and
      74 words
    • 1186 17 AvailaN* at all good bookshops PUBLICATIONS THE HEART OF THE MAERSK LINE FAST TRANSIT TO MIDDLE EAST SINGAPORE/DUBAI 8 DAYS SINGAPORE/DAMMAM 9 DAYS SINGAPORE/BAHRAIN 10 DAYS SINGAPORE/KUWAIT 11 DA S" pore EXPORT TO USA. EUROPE. MIDOLE EAST. WEST AFRICA A ASIA To California US Gulf US A»lan»:c Car-adi To PNW
      1,186 words

  • Page 18 Advertisements
    • 459 18 YAMASHITA-SHINNIHON LINE TRANS-PACIFIC SERVICES STRAITS FEEDER Pacific South W*st Feeder at Kao Pacific North West Feeder at Kao Atlantic/Canada Feeder at Kobe ■m nw rra PM TlI PMIM ccnni CT KM I M nrr«iril| L llPjnaiT"lWl ■laraiarrzaiqiraTr'MiMPii Spore to Long Beach —24 Days Train Service connections to Chicago and North
      459 words
    • 304 18 Supercarrier Service R ROUEN N MBAMO HEX! ARRIVAISNI ROSAM) 16/4 BABBtR PtRStUS 30/4. BARBfR TCKSBtRC 27/5 TO: CALIFORNIA PANAMA US ATLANTIC US GULF 19/S 22/t u/j u/t 22/4 25/4 25/4 1/7 E. CANADA lain) 24/4 BAJtSOt TMF I 1/5 IMKI TIMS 13/4 2*24/4 31/4 1-3/5 4/5 1215/4 11/4 23/5 25/5
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  • Page 19 Advertisements
    • 912 19 The Straits Steamship Group Mansfield Container Shipping PteLtd Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, [CONTAINERSHIP S£RVICE TO UK /CONTINENT KOMIOON bay DHH MMtU CITY OF EDWURGH FRANKFURT EIHESS TOR 10 EXPRESS KITANO MAM) OSAKA BAT BREMEN EXPRESS KOmOON BAT to Copenhagen. Ajrtmo UMq, to Antwerp. Amsterdam. Otio
      912 words
    • 932 19 Franco Belgian Services r h .i t A r# r« h with h .1 r b .i t rrn I int (MEMBER OF ACE CONSORTIUM) comwo sorwct to euiow STOW P KELANC Lt Hanrt I torn F'SHw Nn rHatw Ant KOKM MCEM SaM (II Iff) Hfe) N«n N Mar 10
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  • Page 20 Advertisements
    • 335 20 Hapag-Lloyd TO CONTINENT/UK EXPORTS FROM N. CONTINENT &UK IMPORTS Agents SEGANI Sintapore *****66 K. Lunpur *****25/6/8. *****49 Book fit *****78 P. Ketanf *****8 FreifM *****00 CFS 3T278 CFS *****48 Pen** *****7, *****2 l Terminal *****33 *****3 *****19. W LLOYD TRIESTINO (A memtow of the Med Club) CONTAINER SERVICE. Offering Special
      335 words
    • 117 20 K.S LINE *Xu*T FULLY CONTAINERISED SERVICE Mo*(* l" TO EUROPE VIA SUEZ Member ol the Ace Consortium NEPTUNE CKVSTAL 34W KOREAN CHANCE ?6* SEVEN SEAS BUDGE 55* MERCATO* it* S pore P Ketjnf leHawe R'dam 23/4 (21/4) 12/5 13/5 30/4 28/4) 19/5 20/5 7/5 5/5) 26/5 27/5 14/5 (12 5)
      117 words
    • 590 20 M: Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** lAS 11 KN CAR I INI R l I I). IML INTERMARITIME LTD K Knabaki (Sub Afent) Id: 2215W bkirti (Sub Afent) TtJ *****1 REUNION/SOUTH AFRICA SERVICE h km v n I* in a
      590 words
    • 435 20 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) uso acceptmg ia fa t fa/fa to got««urg MRhus copenmcen. osio. Stockholm. klsbmi. bbool breicrhakn ma mmm LONXM SOUTHAMPTON MAMCXSTTR OMAMWIAAL LIVERPOOL. GLASGOW MA FELOSTONE US WEST COAST FAR EAST/RED SEA/MEDITERRANEAN ma orcnt LW* OHM EKI OCtAN no
      435 words
    • 233 20 MSI NOSE MARITIME PTE LTD TO PAPUA NEW GUINEA/ SOUTH PACIFIC SPORE PKctaf Loadng tar Oceania Queen 21/4 Lae, Orobay, P-Moresby, Rabaul. Kieta, Honiara. Suva Oceania Courier t/5 Wewak, Madanf, Lae, P-Moresby, Motau. Rabaul. Kieta, Honiara. Papettee EH SUN UNION LINE KARACHI SERVICE SMGAPORE P.KQJW9 PENANG ION) FOR CAMOPUS I
      233 words

  • Page 21 Advertisements
    • 938 21 v PACIFIC INTERNATIONAL LINES W\ PIL Building. 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL MAJAPAHIT GOWA KOTA SINGA SIN JKT SBY SIN HKG KAO *TCH KEE BUS *MUR *HTC VO« KOB KEE Sailed in Pt IS/4 21/4 2S/4 27/4 2S/4 2S/4 1/5 4/5 S/5
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    • 1032 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/COUTWENT HAM B HAVEN ADAM HAMS STOR Oty ot SjM SjM SaAed SjM Salt* Fimkturt Eipress Sjietf SaAed SaAed SaAed SaAed !<*■ Eipress SaAed SaAed SaAed S*d 17/4 Kitam> Mara 17/4 U/4 20/4 22/4 24/4 Osaha Bay 25/4
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    • 494 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE •GW®* GAMA VISNB 20-21/4 OCEAN PRIM V4WB 13/5 U BONTANG VB*B 9-11/5 Bftao Bremen Adam/Rdam L*i Hambtri 29/5 5/8 31/5 3/C 10/6 14/6 16/6 3/6
      494 words
    • 407 21 BOUSTEAD SHIPPING AGENCIES m BURN* FIVE STM Ma(«e V 3 Pagan V9SW Pa-an V94W Htoneywa V/ 211 •LOAOMG FOR EUROPE V* NORTieOUH) TO UKC (Burmese National Line) Loadmg for Ranfoon Spore Mdanc Peni In Pt 11/19 Apr 22/24 Apr 5/7 May BANK LINE EXPRESS SEM-CONTABQ BBS thailum mm 12/5 11/
      407 words

  • Page 22 Advertisements
    • 1254 22 ECUADOR/PERU/CHILE FCEHI VSI MOTKR VSI USUI STAR *4? IBM VSI Li K LINE KAWASAKI KISEN KAISHA. LTD. STOtt KOBE GUAVAQUL CALLAO MIC* IQUQUE AFAGASTA S ANTOMO VALPARAISO 1 Ma* 24 Ma, 24 tai 30 ten 6 U 8 M 9 U 14 M 11 U SOUTH AFRICA (Safari ansortlom >
      1,254 words
    • 811 22 iiSif AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* ESTECIIPPtR 22 Apr CAIABA* 6 Md t estechpir nu, Melt Frem Sydn 1 May 17 May IS May 14 May May ?l kta, 6 kin 16 lun 14 km 2> kir 7 Jul 5 Jul Accepting FCL/FCL Containers Srngapore PMn Penar* loaduw
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    • 545 22 GOLDEN LINE GUM GUAN SWUNG (PTE) LTD 23. !<M >r« Street SMCVOK 0104 m 5343W1 (It UK) STRAITS/PERSIAN GULF SERVICE: GCHKN KM CoMMRbo Dub* Dotu Bahrain GOIDEN HAWK Colombo *tn Dub* Bjhriw 27/» Apr 15/17 Nay CMNA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CMNA fU| tmj<x Span Karada
      545 words
    • 405 22 INTRASEA (PTE) LTD 10 Anson Road »2 7 16 Inte'nattonai Piara Singapore 0207 Tel *****11 (10 Lines' VOIA9IAUVC PHILITRON SHIPPING AGENCIES PTE LTD TEL *****22. (8 LINES) TELEX RS ***** PHILI MBOU-UST PORT FAR-EAST Nil en st* rain EAST/WOT wncM ram PHI LI-ORIENT LINES PTE LTD TEL: *****60 LINES) TELEX:
      405 words

  • Page 23 Advertisements
    • 689 23 LiNOL NEPTUNE ORIENT LINES LTD ti«ii Spare NEPTUNE AGENCIS PTE LTD Id Mc. IOT-ui cfs bookbigs imnn *****77 *****22 *****53 Ot OMCT LBNS *****53 *****42 I Baton HARPER MM SON SIC ?*l« P Krtjnj HARPER MRA SON BM> ?M P Uri HARPER MRA SON. BH) m r«un( HARPER MRA SON
      689 words
    • 519 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON DONAM VSIS Sport Mi toun HJN 2«/4 Ik 7 Dwum &03N 25/4 No i Dwumi 604N 2/5 No I Dofum M3N 14/J TBN/M2N 17/5 No 7 Daum 604 M 27/5 No Dorum W4K 31/5 No t
      519 words
    • 717 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55. Martet Street Sinfapore 0104 Telephone Numbers *****3 (15 Lnes) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. KELANG PENANG M/S SHARKAT WAH SOON SON. BM>. IST ANO ?NO FLOOR MESSRS HAI THONG SHTPMG 127 Penan*
      717 words
    • 88 23 K&S LINE JAPAN STRAITS SERVICE SANKYO LINE (S) PTE. LTD. 37 SomirMt Ro»d #06-01. Ng T»ow Bldg S port 0923 T#l 235 8444 4 Pwt Kfljnj lija Pma Sdr Bhd If* 03 3fNo.'4 S Pcnjn| Mjimia Iradf 4 Itanspoft ltd let 04 *****3 Pasu Gitdanj; Malaysian Shipping Sdn Rh<i Ir!
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  • Page 24 Advertisements
    • 331 24 I REGIONAL CONTAINER LINES TO BANGKOK (4 WEEKLY SAILINGS) SMGAPOtt Thu/Fri In Pt IIHi'NV ill 'BIIViMI I'^M PTOW iOLiii SEA FORTUNE PIT A BHUM THAN* BHUM BEECTiLgMI ***** lICM fL m umui Et2£m TO SOUTH THAILAND STORE cm LHJII m MALACCA STRAITS FEEDER SERVICE TWICE WEEKLY TO PENANG/WEEKLY TO P.KELANG/FORTHGHTLY
      331 words
  • Page 24 Miscellaneous
    • 151 24 Regional Weather a m w > S3 C' 4 Slrffi °c (J* Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather V Wind direction with speed in knots Rain Wave height Cloudy Sky Ssrtsee
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  • Page 25 Advertisements
    • 121 25 MM* MSC AGENCCS K. LUMPUR P. KEIANG POMNG P. GUDANG j. BAHARU LEOSHP SPOtt 242»M/242*056/*****4«/*****93 I *****1/4 TDMNAL 3SS3S1/2 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 22SSSS/*****S/222S35 *****22 FAR EAST/EUROPE CONTAINER SERVICE FROM EUROPE n in r MEUIIMIIMIIIMCIMEZIJIIU r> 1 r rrry cttti rra ry II llf it H './'"-TTMt'lM M.S0 ACCEPTMG FOR: AHTWRP, L.
      121 words
    • 52 25 WORLD LINE COLUMBUS LINE REEDEREI GMBH EXPRESS SEMI CONTAINER SERVICE 10 HUH ROTTERDAM HAMBURG TOANA PAPUA V 5 THALASSIM MANA VI TAMAITAI SAMOA V 7 ROM/ADAM 18/5 2/6 16/6 Also accepting FCL contrs to Antwerp and Bremen General Agent SE Al lON SHIPPING (S) PIE lID Smgipmr SAIIS BOOKINGS 111
      52 words
    • 120 25 TO EUROPE (MEDITERRANEAN-UK-NORTH CONTINENT-SCANDWAVIA) vpssbH PENANG P KELANG I VESSEL I SMQM*ONE |1) MARSEILLES I 2) ROTTERDAM j ft) LOrtDOII I3SEE tEDtP VESSti TO RED SEA-MEDITERRANEAN VESSEL FEEDER VESSEL N Van Nk*/(2C N Van NMrt/iX CASABLANCA FROM EUROPE 1) G BURG 2) H BURG 3) B HAVEN 4) R'OAM FEEDER
      120 words

  • Page 26 Advertisements
    • 358 26 V o^ w Mitsui O S K. Lines. Ltd CONVENTIONAL/SEMI-CONTAINER AFRICA'S f/ MO t i'i t ;AST AFRICA OCEAN ELITE 17 Apr Mombasa, Daressalaam ASTRA PEAK 25 Apr Port Louis. Reumon CONTINENTAL PARTNER 1 May Mombasa. Daressalaam. Tanga AFRICA MARU 26 May Port Louts. Reunion WEST AFRICA EARNEST VENTURE NED
      358 words