The Business Times, 24 April 1986

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 THURSDAY, APRIL 24, 1986 75 CENTS
    12 words
  • 523 1 Consensus among employers and unions IT IS NOW CLEAR to both employers and unions that Singapore needs a period of general and severe wage restraint lasting not only this year, but for as long as is necessary. The results of the
    Sources: Ministry of Labour. Deportment of Statistics  -  523 words
  • 401 1  -  By FOO CHOY PENG, Chief Reporter THE WAGE BILLS of 16 companies will be standing still this year as their workers have put job security before annual increments. Eight unions representing the workers have agreed to the companies' requests to give up 1986 inciements
    401 words
  • 156 1 THE CHIEF EXECUTIVE of Promet Bhd, Brian Chang (afcave), is tackling the group's many-faceted problems head on. He has taken a bold decision to tidy up the group's 1965 balance sheet and has now started negotiations with creditor banks on a restructuring of borrowings which
    156 words
  • Article, Illustration
    91 1 SHARE prices cissed weaker sa the Singapore stock market yesterday alter a day sf selling across a trial front. The sCßdal forecast sf 1J per eeat economic decline this year depressed prices geaerally. At the close, the Straits Times Industrial Index was CJ2 points Iswer at Sll.lt aad
    91 words
  • 317 1 Reuter INDONESIA, acting to cool a row with Australia over a Sydney newspaper article it regarded as insulting to President Suharto, yesterday reversed a decision ordering visas for Australian tourists. Tourism Minister Achmad Tahir said in Jakarta after a meeting with Mr Suharto that visa-free
    Reuter  -  317 words
  • 129 1 AP AMERICANS like the idea of donating organs at death, at least if it is someone else's organs and someone else's death, a new poll indicates. A healthy 61 per cent say they would not mind if, unknown to them, their organs were put to
    AP  -  129 words
  • 418 1  -  By MONICA GWEE THEY SAY there is no smoke without fire and yesterday, Galeries Lafayette confirmed rumours that the store will close after a closing down sale which begins today. GL staff were busy preparing the store for bargain hunters yesterday, tagging discount cards
    418 words
  • Page 1 Advertisements
    • 139 1 Ultra. Ifll change the way you play. SoW Agent ROYAL SPORVNG HOUSS Tel: *****55 Get the most competitive rates on fixed deposits and savings accounts at UMBC 5% %J U per annum Visit or call your nearest branch today Effective 18/4/86 Rates are subiect to change without notice united Malayan
      139 words
    • 242 1 m SHARE INFORMATION MONEY A EXCHANGES RAW MATERIALS LETTERS CROSSWOROS TV RADIO BRISTOW DOONESBURY OUR VIEW ARGUMENTS THAT ADVERTISING of accountancy services is a closed issue in Singapore are wrong. There are still arguments in favour, but when votes for candidates in the Singapore Society of Accountants elections are cast
      242 words
    • 0 1 ~$,$@+^%.+=]^:~^"`^>^",`&>-^%>'
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    • 167 1 BEHIND EVERY SONY PROOUCT IS SONYService *****11 SONY THE ONE AND ONLY Debits and credits of advertising ONE OF THE MOST controversial issues raised in the current election campaign for new council members of the Singapore Society of Accountants is advertising. Are there lessons to be learnt from the experience
      167 words

  • HOME NEWS
    • 313 2  -  Expansion plan includes publishing catalogues By CHUANG PECK MING LEADING JAPANESE furniture distributor, Actus Corporation, is to invest another $9.5 million to house more of its operations in Singapore. The expansion will allow more design work and accommodate the company's advertising and production of furniture
      313 words
    • 434 2  -  SINGAPORE FESTIVAL OF ARTS M 1986 O By JEFFREY TSANG THE ORGANISERS of the Festival of Arts are setting up information centres at two department stores to manage the flood of inquiries flowing to the Ministry of Community Development. "Most of the calls have been from
      434 words
    • 322 2 THE WRITTEN WORD as an art form will be featured at the Festival of Arts for the first time this year. Writers' Week will be held from June 21 to 29 and will feature 55 to 60 writers, of
      322 words
    • 108 2 SINGAPORE is to launch its third Orchid Festival in Osaka from May 7 to July 19 to try and attract more Japanese visitors. The festival, organised jointly by the Singapore Tourist Promotion Board, Singapore Airlines and Japan Airlines, will be offering special tour packages during
      108 words
    • 62 2 A ONE-DAY SEMINAR for receptionists will be held next month by Business Girl Pte Ltd. "The Professional Receptionist—A Total Approach" will be conducted by Beverly Mayhew, the managing director and founder of Orientations Human Resource Systems. The seminar will be held on May 3 at the
      62 words
    • 321 2  -  By MARTIN SOONG A LEADER in miniature electronics, Sony Corporation, went out of its way yesterday to prove that it could be equally good at the big stuff with its Jumbotron range of large television screens. The Jumbotron range made its debut in Asia outside
      321 words
  • Page 2 Advertisements
    • 374 2 There are only two cars in the world whose bodies are totally zinc galvanised against corrosion. Audi and Porsche. It is the ultimate protection against a world that is hostile to metal surfaces. Audi's totally galvanised body has a distinct advantage over the standard rust protection on other luxury cars.
      374 words

  • HOME NEWS
    • 671 3  -  By BOEY KIT YIN CALLING IN professionals is becoming a practical proposition for local small and mediumsized enterprises (SMEs), thanks to the Small Enterprise Bureau's new scheme to provide management consultants for companies with problems. SMEs have always been intimidated by the idea
      671 words
    • 201 3 (Chinese) fife **fe/hMfp 3U ±±ft£ iif »'hSW*fr°]JS tote*} i§f&lr*li«iwmt t!l o 'b 33*Q 4» 52 4k >lk —]g f'J fij ©J of& n a fti it«iio» isj *> si nzm mw-m&z am aura fis it iiJT "hsMl#f Ufflis »»|HI *i¥fe |SJ££NIS Mk If 7 j£ NSS i$ i%l 101 |HJ
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    • 82 3 THE GOVERNMENT has declared the acquisition of 224,000 sq metre of land in Kranji and Lim Chu Kang for general development. The owner of the largest plot of land affected 69,000 sq metres is Ong Wee Sio. The land does not form a single large
      82 words
    • 66 3 A FORUM on "Accounting in a Rapidly Changing Environment" will be held by the National University of Singapore Accountancy Society. Speakers at the forum, to be held on May 3 at the Kent Ridge Campus, include William Baxter and Raymond Chambers, both professors in accountancy. Those interested
      66 words
    • 56 3 TELECOMS has suspended all mail services including the Speedpost service to Finland immediately due to an industrial dispute there. Letters, parcels and Speedpost items for Finland posted before the suspension of the services may be delayed or returned to the sender. Telecoms will inform the
      56 words
    • 324 3 THE CENTRAL Provident Fund Board is helping the Labour Ministry conduct some surveys because it has the necessary computer data base. Employers who have to respond to these surveys will benefit from less form filling because some of the basic data
      324 words
    • 429 3  -  By LISA LEE TRADE FAIRS and missions organised by the Trade Development Board chalked up about $711 million in total sales orders last year. This is more than seven times the amount received in confirmed and tentative sales orders from the board's trade
      429 words
    • 184 3 THE SINGAPORE Polytechnic is introducing several new courses this year to keep students up to date with changing industrial needs. One will be a new Advanced Diploma in Building Maintenance Management, which will be introduced in June. Mr Khoo Kay Chai, the principal of the Polytechnic,
      184 words
    • 96 3 EIGHT ITALIAN MAKERS of hotel and catering equipment will display their products at the Food and Hotel Asia '86 exhibition next month. Italy's participation in the event is organised for the third time by the Italian Institute for Foreign Trade. The equipment on display
      96 words
  • Page 3 Advertisements
    • 191 3 mPARIS 10.700 The worlds best seafood is found in the Irench 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
      191 words
    • 173 3 ■f. f/ m, »m iRU', I M 1 **> f m A v i I -.IP !l BOTAN' C S gapde ns Waterfall Gardens HOLLAND VILLAGE o Exclusive. Close to Tanglin. A lowrise development on an attractive sloping site lush with foliage, and an incredibly beautiful waterfall. Only 3 minutes
      173 words

  • OVERSEAS
    • 410 4 Reuter IN SPITE OF signs that inflation continues to fall, there was fresh evidence on Tuesday that American consumers were reining in their spending and so preventing a surge in national business activity. New orders for durable goods everything from cars to machinery received by US
      Reuter  -  410 words
    • 368 4 FT A WARNING that commercial banks simply cannot wait until the economic performance of debt-ridden developing countries has improved to start lending them new money once again was issued yesterday by the managing director of the International Monetary Fund, Jacques
      FT  -  368 words
    • 128 4 AP LABOUR UNION leaders from Europe, the US, Canada and Japan have urged their governments to take advantage of such conditions as slowing inflation and lower oil prices to adopt policies for faster economic growth and lower unemployment. "Now there is a
      AP  -  128 words
    • 244 4 AP THE US successfully tested one of its Tomahawk cruise missiles in a new attack mode early this month by exploding it in flight as it passed over a target plane protected by a dirt or concrete wall. The missile, fired from a
      AP  -  244 words
    • 367 4 Reuter AMERICAN LAWMEN have smashed an alleged plot by a former Israeli general and 16 others to sell Iran Jet fighters, tanks and missiles worth more than US$2 billion, calling the suspects "brokers of death". The charges, filed on Tuesday in
      Reuter  -  367 words
    • 256 4 AP, UPI THE AMERICAN government is closely watching Libyans who live in the US, but has no plans to order them out of the country, deputy secretary of state John Whitehead told Congress. He was responding to questions from lawmakers who raised the
      AP,; UPI  -  256 words
    • 113 4 AP A SOVIET naval vessel appeared In Tripoli harbour on Tuesday in the first military demonstration of Moscow's support of Libya since the US air raid last week. The vessel appeared to be a frigate, bristling with radar and communications antennas and anti-aircraft guns. Its name
      AP  -  113 words
    • 243 4 AP AMERICAN salesmen for a national computer conference to be held in Las Vegas in June rang doorbells around the world in an international closed circuit broadcast on Tuesday. The sales pitch was to promote, for the first time, American hi-tech technology via Worldnet, the special
      AP  -  243 words
    • 437 4 AFP RICH administrators, dubbed the "maharajahs of Brazil", are paid astronomical salaries in spite of the fact that 77 million people, or 60 per cent of the population, are living in abject poverty. This contrast between the very rich and the very
      AFP  -  437 words
    • 809 4 ARRIVALS Operator Service Locol 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 MH8U 0910 P£N MAS MH671 0920 KUL SIA SQI 03 0950 KUL CPA CX7I0 1015 CGK MAS MH603 1020
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    • 262 5 AFP CHINA should recruit more foreign specialists to boost economic development, a senior official concerned with science and technology development said. China's State Councillor Zhang Jingfu said that the country should bring in more overseas managers, scientists and technicians to improve the performance
      AFP  -  262 words
    • 226 5 Reuter THE AQUINO GOVERNMENT will seize the assets of two Philippine newspapers which are controlled by associates of deposed president Marcos, the Philippines News Agency said yesterday. It quoted Mary Conception Bautista, a member of Aquino's Commission on Good Government, as saying
      Reuter  -  226 words
    • 114 5 AFP VIETNAMESE Foreign Minister Nguyen Co Thach left for home yesterday after a four-day stopover in Bangkok during which he met his Thai counterpart Sithi Sawetasila for the first time in almost three years. Mr Thach discussed bilateral issues with Mr Sithi on Monday in
      AFP  -  114 words
    • 261 5 AP CHIANG KAI-SHEK committed some crimes against the Chinese nation, but as a historical figure he was not all bad, according to the the Vice-Governor of the late generalissimo's home province. Vice-Governor Li Debao's comment was the prelude to a visit, organised
      AP  -  261 words
    • 378 5 AP THE GULF Cooperation Council states, hit by the oil glut that substantially reduced their oil incomes, were obliged to draw down on their foreign reserves by about US$l7 billion in the fiscal year ended June 30, 1985, according to a
      AP  -  378 words
    • 436 5 UPI JAPANESE Finance Minister Noboru Takeshita yesterday threatened to intervene in foreign exchange trading in Tokyo as the US dollar continued to fall against the Japanese yen. "The yen's rise (against the dollar) is too rapid. We are ready to step
      UPI  -  436 words
    • 74 5 AFP THE JAPANESE government "cannot accept" a Philippine official's charges of indirect cooperation in the smuggling of Philippine logs into Japan. Its embassy in Manila said yesterday that the charges made by Natural Resources Minister Ernesto Maceda on Monday were "based on serious misunderstanding of the
      AFP  -  74 words
    • 135 5 AP SOUTH KOREA has increased its trade surplus with the US in the first quarter of this year to U551,297 billion, up 82 per cent from a year ago. The Trade and Industry Ministry said yesterday that exports to the US from January through
      AP  -  135 words
  • Page 4 Advertisements
    • 151 4 n r, A J *L w m -7 The diverse M culinary delights of Switzerland... A Four-Course Meal of your choice from a menu of 30 different creations Smoked salmon, sole, prawns, smoked beef, ham, veal, lamb, pork, chicken, duckling, fondue, different combinations of appetisers, main dishes and desserts. The
      151 words
    • 166 4 I 1 /I I) /V\/ Every Tuesday, Thursday, Saturday II I I S/-\Y and Sunday. Leaving Changi Airport I J\ V AJL-Ji VI 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 A R CANADA One word that
      166 words

  • Page 5 Advertisements
    • 161 5 I i£ >v 4 fM«pN^ x K -5 II U 2 M •v*i' hf fcf w> :Ji >:«K *2 W& ;*> mm If you change your plans you waft have to change your airline. When you fly United Airlines and need to change your schedule, it's no problem. Because United
      161 words
  • Page 5 Miscellaneous

  • WORLD BACKGROUND
    • 777 6 AFP PRESIDENT Corazon Aquino faces the twin perils of communist insurgency and a possible military coup with a serenity that has her followers worried and her political enemies jubilant, analysts say. Barely two months into her emergency rule, they say that the Philippines' first woman president
      AFP  -  777 words
    • 636 6 UPI ARMED WITH martial arts experts, frogmen and a blimp, Japan has organised its heaviest and costliest security exercise on record for the summit of leaders of the top industrialised nations in Tokyo next month. About 30,000 police officers three-quarters of the capital's
      UPI  -  636 words
    • 515 6 Reuter IN PUNJAB, the long arm of the law stops Just outside Sikh and Hindu shrines that shelter rival leaders in a mounting sectarian conflict. The men inside are accused by authorities of directing an undeclared conflict that is causing increasing bloodshed between Sikhs
      Reuter  -  515 words
    • 423 6 Reuter PRESIDENT REAGAN denies he has any plans to send US forces to fight in Central America but in the dense Panamanian jungle, American troops pretend otherwise. At a training centre on Panama's Caribbean coast, Gls are learning the art of
      Reuter  -  423 words
  • Page 6 Advertisements
    • 234 6 Draw on up to $50,000 more than you have in your account! i m I- The Chase Reserve The Chase Reserve is an unsecured overdraft. A service which gives you ready access to more money than you currently have in your account. Think of the ease with which you can
      234 words

  • BANKING AND FINANCE
    • 160 7 THE US COMPTROLLER of the Currency has urged Congress to amend a law that prohibits banks from underwriting and dealing in securities. In prepared testimony before a House government operations subcommittee, Mr Robert Clarke complained that the Glass-Steagall Act of the 1930s
      160 words
    • 453 7  -  By ALVIN TAY THE HONGKONGBANK group wants its merchant banks in Singapore and Australia to have the same level of capital markets capabilities as their Hongkong counterpart. Mr Nicholas M Whitehouse, the assistant director of Wardley Ltd (Hongkong), told BT that more transactions, including
      453 words
    • 177 7 Reuter THAILAND will borrow US$l billion from abroad in calendar 1966, the Beijing China Daily newspaper yesterday reported a Thai Foreign Ministry official as saying. It quoted Danai Tulalumpa as saying this was much less than in previous years, because of the size of
      Reuter  -  177 words
    • 255 7 Reuter THE RESERVE BANK of Australia is to tighten its prudential supervision of banks by establishing links with their external auditors. It is currently unable to satisfy itself that prudential requirements are being met by all banks. The bank will ask the auditors if
      Reuter  -  255 words
    • 70 7 Reuter NATIONAL AUSTRALIA Bank Ltd will lower its benchmark lending rate to 18.5 per cent from 18.75, effective Monday. The benchmark is the element of the bank's split prime rate based on short-term cost of funds. It said yesterday the cut reflected a fall in the average cost
      Reuter  -  70 words
    • 500 7 Reuter A SELL-OFF in the UK government bond market this week was expected to limit interest in a tender, scheduled for yesterday, of £800 million in treasury 8 per cent stock due 2009. The new issue was announced on Friday
      Reuter  -  500 words
  • MONEY AND EXCHANGES
    • 714 7 SINGAPORE The US dollar closed weaker against most major currencies yesterday, but above the day's lows in moderate and nervous trading. The dollar closed lower at 167.45/95 yen against New York's 168.80/169.10 close, but above its new record low of 166.80 yen set in the morning. Dealers said
      714 words
    • 358 7 EURODOLLAR futures opened sharply lower yesterday following liquidation in the long bonds market due to the sharp fall in the US dollar. After opening 18 ticks lower at 93.32 where support can be found, the June contract traded higher to 93.35 in active trading during the early part of
      358 words
    • Article, Illustration
      139 7 THE OVERNIGHT rate on the Singapore interbank money market fell by 1-3/16 point from Tuesday to close at 3-1/2 per cent yesterday. The one-month term rate fell by 1/16 point while the two and three-month rates remained unchanged. Mkates the average of the prtne lendng rates of 12
      139 words
    • 327 7 Asian market ASIAN DOLLAR deposit rates closed firmer yesterday compared with Tuesday's level, in moderate trading. Among short-dates, overnight closed at 7-11/16 7-9/16 per cent, up 11/16 from the previous close and week fixed at 7-1/8 7, up 3/16 point. Among fixed dates, one month closed at 6-15/16 6-13/16, up
      327 words
    • 237 7 Interbank rates at 3pm yesterday: NomM rata* 8 Oflor e rooa parity change Locol dollars to on* umt of foreign US dollar 2.1900 2.1920 ***** -22 33 Sterling pound ***** 3 3285 7 3469 -54 77 Australian dollar 1 5997 1 6045 3 4286 -53 34 NZ dollor
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    • 180 7 HONGKONG: The metal closed steady in moderate and lacklustre trading in the absence of fresh news yesterday. It ended at U*****.00/40 an ounce compared with New York's $346.70/347.20 close and the $343.60/344.00 finish here on Tuesday. On the local market, gold gained HK$2B to close at $3,209.50 a tael.
      180 words
  • Page 7 Advertisements
    • 124 7 i The new Shangri-La Inn is the key to standards of service and y t accommodation never before seen in Penang. Its 426 guest rooms and 16 suites feature the finest amenities. And being centrally located in the heart of Georgetown it is the ideal base for business, shopping, sightseeing
      124 words

  • FEATURES
    • 512 8 MANY Singapore accountants consider the question of advertising closed. There should be none, they argue, and those who disagree are wasting their time because the decision has been made. That this is wrong has been proved by the over-heavy emphasis placed on the subject in the
      512 words
    • 1590 8  -  To advertise, or not to advertise. That is the question that Singapore accountants will eventually have to answer. Whether it is sooner or later could depend on the results of the election of new council members to the Singapore Society of Accountants this weekend. Some
      1,590 words
    • 232 8  -  Letters to the Editor HARRY TAN Dear Sir I am the proprietor of a small business which is now facing very unfair treatment from the large credit card companies. When I started trading a year ago I opened accounts with these companies and at first
      232 words
    • 367 8 Dear Sir To follow up on our adventures... On Friday April 11, shipyard worker went to house of unemployed. There are many attributes of unemployed: His "condo" has balcony with unobstructed view of southern sky; Being unemployed, he has time to roam
      367 words
    • 40 8  -  CITIZEN RAS Dear Kr Dear, oh dear. Mr Marcus is again amused (BT April 22) and agala wrong. The bid by an American company (Sikorski) for -j Westland Helicopters did not fall through. It was sue- cessful.
      40 words
  • Page 8 Advertisements
    • 85 8 >* s. fc &C-Z. ttkyi Choose from ft// Kampachis exquisite KAMPAwr Japanese Set Lunches Japanese Restaurant jf, 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 Japanese lunches. Priced
      85 words
  • Page 8 Miscellaneous
    • 646 8 mmmirn CRYPTIC PUZZLE ACROSS 1 A fishy sign (6) 7 School drama period? (8) 8 Perry's place (4) 10Icy instrument? (6) 11 A dozen at a time (6) 14 Swimmer returning from Mile End (3) 16For which a bad burner is responsible (5) 17Tools sometimes chained (4) 19Effect a removal
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  • SPORTS
    • 382 9  -  By WALTON MORAIS FOUR of the Republic's leading tennis players will have the rare opportunity of playing in China next month, if all goes well. The Singapore Lawn Tennis Association has decided to accept an invitation to take part in the East Asian Tennis Championship
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    • 230 9 Reuter HOT-TEMPERED American golfer Mac O'Grady was fined US$5,OOO and suspended from six PGA tour events on Tuesday. O'Grady, 35, has been outspoken in his criticism of PGA commissioner Deane Beman, who imposed the fine and suspension, which takes effect next Monday. But O'Grady has
      Reuter  -  230 words
    • 521 9 AFP WORLD SQUASH champions Jahangir Khan and Susan Devoy underlined their dominance of the sport in London on Tuesday night when they retained their respective British Open titles without losing a game. Jahangir, from Pakistan, completed five magnificent unbeaten years with a 9-6, 9-4, 9-6
      AFP  -  521 words
    • 344 9 UPI GOALKEEPER Pat Jennings will create soccer history tonight when he becomes the most capped international player of all time. Jennings, 40, who made his debut for Northern Ireland in 1964, will play his 116 th international, beating the record of 115 he
      UPI  -  344 words
    • 242 9 AP AFTER TWO warm-up games, the English cricket season opened officially yesterday with even greater need for fresh talent to emerge in the wake of the humiliating 5-0 test match whitewash by the West Indies in the Caribbean. Chairman of selectors Peter May is
      AP  -  242 words
    • 296 9 UPI SPANISH QUALIFIER Fernando Luna defeated 12th seed Tomas Smid of Czechoslovakia and Switzerland's Jakob Hlasek beat sixth-seeded Frenchman Thierry Tulasne in a second day of upsets at the U*****,060 Monte Carlo Open tennis tournament on Tuesday. The four top seeds, Mats ander,
      UPI  -  296 words
  • Page 9 Advertisements
    • 282 9 Views from the top Ftee with your ET. subscription (along with 31 free issues) Establishing FROM the THE TOP Foundation for the Future of Business rn Charles L Brcv/.n Douolas D Dai forth Take out a 12-month subscription to Business Times today, and get this new American business book absolutely
      282 words
  • Page 9 Miscellaneous
    • 1251 9 w cm mm 9 A .J SI *4% »»/>\ 4 s t Coco Chonors romorkoblo rite to intornotional fomo i« dramatised in this lavish production. THURSDAY FEATURE SPECIAL Chonol Solitaire 10.30 pm, Channel 5 Everything you wanted to know about Coco Chanel (played by Marie-France Pisier) but never bothered to
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  • INTERNATIONAL STOCKS
    • 310 10 FT THE LONDON Stock Exchange has launched an experimental link with the US National Association of Securities Dealers (NASD) providing for the two-way electronic exchange of share price quotes across the Atlantic. The pilot scheme, involving nearly 600 stocks, is one of the
      FT  -  310 words
    • 187 10 Reuter GUINNESS PLC is to seek the necessary consents to purchase for cash and then cancel a total of 90.6 million new Guinness ordinary shares issued as a result of its bid for Distillers PLC. The shares were issued in exchange
      Reuter  -  187 words
    • 312 10 Reuter WALL STREET stocks tumbled on Tuesday, as investors who had bought on declining interest rates took profits, traders said. The sell-off gained force in the afternoon. The Dow Jones Industrial Average fell 24.92 points to 1,830.98, after posting a record high of
      Reuter  -  312 words
    • 119 10 AFt 22 Abitibi cs 25* Imp Oil Inco Int Pro* Pipe hi Int) 41* 19* 43* 22* -1* 43k 15* 18 LoWow B 27* Bonk Mont 33* 2* Bonk Novo Scotkj 14* unch Mc BkxM 30* -2 Bo Resources 27 Mohon A 27* 37 unch -H 25V* -1* 19W
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    • 192 10 70 Art 22 1300 INOUSTKIALS MININGS A Alpha 1115 unch 7 -25 unch Anglos 4125 85 Angvaol *****6 Amaprop 550 Btyvoor 1550 25 100 unch AMIC 3675 -25 5 unch Charter 1100 C G Smith 2650 Cora Gold 2025 -20 20 CNA 205 -5 2250 Cufnf Fnonce Dries 4975
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    • 669 10 Aft 22 US$ Alcan Alurrwi Alcoa Aleg hrrtl Ahed Sag 31 40V* 22* 51* AJked Stores Afcs-Chalmers Am Brandt trie Am Can Co Am Cyananvd Am Elet Pwr Am Express Am Horn# Prod Am Motors Cp Am Tel Tel Amox tnc Amerodo Hew Amoco Corp Amr Corp Armco
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    • 887 10 Amsterdam Aft 22 Fh ABN 586 50 +4 111.20 -0.8 Ahotd 78 70 unch 178 90 -1.2 Afr«nto 153 70 -0.1 amev 85 80 -0 2 Amro Bon» 104 40 -0 1 Au Stod 130 50 1.5 Bark* 31 00 -0 5 Borsumn Buahrman T attar 690 00
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  • Page 10 Advertisements
    • 166 10 i I I }?.?> Royal Holiday Inn Singapore celebrates I J i J M SECRETARIES' WEEK 1986 APRIL 24 Liu Teo of Liza belle Lunch cum Fashion Show: $25.00 per person (plus 10% service charge and 3% cess). Lunch: 11.30 am to 2.30 pm Fashion Show by Carrie Models: 1.15
      166 words
    • 205 10 It could only happen at Hotel Miramar... Hi ..•The Perfect Place For A $3* Drink During Happy Hours. Yes! It's all happening here. At our Brass Rail Cocktail Lounge. A drink for only $3.00* (except premium brands) served daily from 4pm to 7.30pm. Delicious natural air-flown oysters or our select
      205 words
    • 118 10 NR w 4 sumptuous family treat now available on SUNDAYS TOO w with a delicious spread of over twenty delightful dishes and desserts! Lunch: 12 to 2.30 pm Wednesday A Sunday at Terrace Garden Coffee House 181 Kitchener Road. Singapore 0820, Tel: *****22 April 21st 26th Set Lunch for $14.50
      118 words
    • 127 10 —'k i Its 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 $8.50++ to $20.00 Dinners on April 23 and 24 include exciting fashion shows at 8.15 pm. Plus special sake
      127 words
    • 195 10 London stocks on pogo 15 Loimse JPT mMRINATTON V—J AND THE PERFECT COMBINATION GOOD MUSIC AND GOOD WINE GOOD FRIENDS AND LAUGHTER YOU AND YOURS AT THE LOUNGE ROSEMARIE. DAISY, MANUEUCA AND EMMANUEL. WITH CHART- TOPPERS. OLDIES AND ROCK N ROLL. PUT EVERYTHING INTO PERFECT COMBINATION FOR A PERFECT NIGHT
      195 words

  • ASIAN STOCKS
    • 376 11 HONGKONG: Share prices closed lower in fairly quiet and lacklustre trading yesterday, in the absence of fresh factors. Brokers said market attention focused on the flotation of Cathay Pacific now in progress, noting that some investors were unloading their existing holdings in order to acquire some Cathay shares. Selling
      376 words
    • 233 11 APR 23 Al Smcere Indus KT 2 82 24 80 0 06 -0 1 Kuochan Dev Lee Chang Yuen 20 50 24 20 unch -03 Cathay Cons Chang Hwo Bank 31 50 44 80 -02 ben Hwo Indus 12 75 36 40 unch -0 1 22 10 -04 Chk»
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    • 401 11 TOKYO: Prices closed slightly higher yesterday in confused trading as investors had trouble deciding what the market's future direction will be. The market average rose off early lows to close 35.11 up at 15,748.02. Turnover was 600 million shares against the same amount on Tuesday, when the market fell
      401 words
    • 75 11 API 23 Momeel Oriental B 0 009 unch Ac Of* Mmmg Phd OVITMOI 0015 unch Anglo Phd PtWex B 0 20 Ap«x Mnng B 001 16 -0 001 Ptcop B PLOT 75 unch Son Miguel B 40 0 5 1 Bostc Petroleum 0 0036 unch Seofront 0 0055 -0
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    • 408 11 SYDNEY: Share markets closed slightly firmer yesterday as solid buying of BHP and bargain hunting in mining stocks offset profittaking in the industrial sector. At the close, the All Ordinaries Index had climbed one point from Tuesday's close to 1,207.3 after falling to a 1,204.7 low in earlier trading.
      408 words
    • 73 11 API 23 Won Hyundai Const Hyundai Motor .10 KAL 1 21 II 8b 70 80 Chotoung Bk 701 29 Korto First 21 30 20 21 Doatm tnd 562 Do«woo Corp Doawoo Ind 1170 Somsung Co "*2 Samsung Eloc 5 j Sornwhan— K 21 348 390 Dong Ah 491 GoldStar
      73 words
    • 122 11 BANGKOK: The Securities Exchange of Thailand Index gained 0.68 to 129.15 yesterday. Turnover amounted to 366,992 shares valued at 68.7 million baht. Aft 23 kkn Saha Union Sermsc* S«am Cement no 467 unch 8 Auo Fibre Ayudhyo Investment Bangkok Agro-trvd 122 132 22 75 180 2 unch inch Skxti
      122 words
    • 59 11 Reuter MW KELLOGG Co of the US has set up a joint venture engineering firm in the north-western China city of Lanzhou, the first Sino-US venture in the region. The New China News Agency said Huakai Engineering Co, a venture between Kellogg and Lanzhou Petrochemical Designing Institute,
      Reuter  -  59 words
    • 543 11 India's largest public issue FT TATA FERTILISERS is planning India's largest ever public issue when it intends to raise 4.64 billion rupees (US$374 million) to finance a 7.5 billion-fertiliser plant it is building on a cross-country natural gas pipeline. This is one
      FT  -  543 words
    • 380 11 Reuter BELL RESOURCES Ltd would be prepared to consider an increase in the price it is offering for shares in Broken Hill Pty Co Ltd if the terms of its present offer can be E reserved, chairman Robert [olmes a Court said. Bell
      Reuter  -  380 words
  • Page 11 Advertisements
    • 615 11 Witere to wim. €im in r Meet 'Sweet Vibrations Garden Lounge Where the cool luxuriant garden atmosphere and the IyA ID I IU'IVJ finest liquid pleasures make pleasant evenings. LOUNGE\\ PENINSULA HOTEL LEVEL 6 1 i Happy Hours from 3pm to 7pm. 20% off on all drinks (except premiums bottle
      615 words
    • 110 11 $12.50 Children beloA 12 years 01-'o 1 S -*00* BUFFET-LUNCH COMBINING THE BEST OF EASTERN WESTERN DISHES v n 19, Caimhill Circle, Singapore 0922. Tel: *****22 Telex: RS ***** J 0 m W>y Our Daily Specials! a sumptuous 3-course western or local menu different every day. for lunch and dinner
      110 words

  • RAW MATERIALS
    • 441 12 FT TWO CREDITORS of the International Tin Council (ITC) have reached out-of-court settlements on their claims against the price-support body, which precipitated the tin crisis last October by defaulting on gross debts of £900 million. The settlements involve two cases out of a flood
      FT  -  441 words
    • 157 12 Reuter AFRICA HARVESTED a record grain crop last year but the outlook remains bleak as population outstrips food production. The director-general of the Food Agriculture Organisation, Mr Edouard Saouma, said on Tuesday: "What makes this trend more disturbing is that the medium-term outlook shows
      Reuter  -  157 words
    • 252 12 AFP WORLD DEMAND for coal is expected to rise in spite of pressure from falling oil prices, international delegates at the Australian coal conference were told on Tuesday. Delegates at the conference have forecast a 10 per cent rise in world coal
      AFP  -  252 words
    • 114 12 AFP OFFICIALS at the Japan Atomic Energy Commission said on Tuesday they planned to step up development of a laser-pow-ered method of uranium enrichment. Natural uranium contains 0.72 per cent of the fissionable uranium-235, a level which must be raised to at
      AFP  -  114 words
    • 72 12 Reuter TAIWAN plans to sign a new three-year contract with South Africa to buy 600,000 tonnes of corn a year. This was in response to a recent request from Pretoria after the previous three-year contract, from June 1982 to May 1965, was cancelled. Shipments totalled about 600,000 tonnes
      Reuter  -  72 words
    • 306 12 SINGAPORE The market closed firmer yesterday with May One RSS buyers quoted at 163.00 cents per kg, up three cents from Tuesday. Dealers said the morning session recorded a rise of one cent in quiet trading following some buying of nearby positions. Prices gained two cents in moderate afternoon
      306 words
    • 152 12 Chinese Produce Robust a 20/25% 625 00 Exchange FOB NSW Sellen' noon closing i Apr 23 (SJ/100 kg) prices on Nutmeg 110 FOB NSW 1422 00 Coconut oil BWP FOB NSW 1322 00 Bulk FOB 50 00 Gambier Old drum FOB New drum FOB 63 00 67 00
      152 words
    • 229 12 SOYBEAN FUTURES on the Chicago Board of Trade closed v« to four US cents a bushel higher on Tuesday, but the prices sank off the day's highs in late activity. July ended near the middle of a 7 l /i -cent range at $5.24 Vi per bushel, up 3'/«
      229 words
    • 232 12 WHEAT FUTURES on the Chicago Board of Trade ranged from two US cents a bushel lower in spot May to up three cents in new crop December at the close on Tuesday. December ended near the top of a 2Vicent range at $2.56 V«. Prices of new crop months
      232 words
    • 77 12 THE Kul» Lompor On price wu fixrd at M|14.79 a kg, dewn five ceata tram Taeeday, n entlaaed fairly m«derate lateral. Tatal eeatrlhatlem ef metal, meetly by Malayslaa mlaera, was the same ae Taeeday at 53 teaace after aa Initial effer ef 71 teanee. The lewer levels eeatlaaed
      77 words
    • 181 12 MALAYSIAN crude palm oil prices closed higher yesterday on renewed buying interest after an uncertain start, supported by the rebound in futures and a firmer Chicago soyoil futures close on Tuesday night. Some late covering interest ahead of India's weekly vegetable oil import tender today was also noted.
      181 words
    • 66 12 Bangkok (USS/tonne, FOB) White Rice 100% 1st doss 240 100% 2nd class 215 100% 3rd class 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-l Ord unq Loonzain Rice 100% 1st grade unq
      66 words
    • 1057 12 COFFEE Robusta futures ended a quiet and nervous day on Tuesday around the highs of a maximum £65 traded range at down £2 to up £9 a tonne from Monday night. There was no direction from a very quiet physical market, and no fresh fundamental news to influence
      1,057 words
    • 319 12 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Setters Int 1 RSS Prompt 160 00 161 00N 163 00 164 00N lot 1 RSS May 86 160 00 161 00 163 00 164 00 Int 1 RSS June 86 159 50 160
      319 words
    • 107 12 (cents/kg, 1-ton pallets) MAY 86 JUNE 86 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 153 00 155 OON 153 00 155 OON SSR 50 150 00 152 OON 150 00 152 OON MRELB Buyers Sellers Buyers Sellers SMR CV 207 50
      107 words
  • Page 12 Advertisements
    • 301 12 IF YOU WANT TO GET AHEAD, START BY KEEPING UP. It's easy to spot the people on the move in business. They're already reacting to the latest developments before others are even aware of them. They read The Asian Wall Street Journal. All the business news you need. Every business
      301 words

  • SHARE INFORMATION
    • 4126 13 SHARE PRICES closed easier on the Singapore stock market yesterday after a day of quiet trading when counters fell across a broad front. Losers outnumbered winners 96 to 21. At the close, the Straits Times Industrial Index was 6.32 lower at 576.66 and the
      4,126 words
    • 282 13 SINGAPORE Rises If* Jic«t April 22 Aard 23 ***** 484 84 ■T Composrte IT Indicator ■T Of/OS Spare Im TIMIl C—nl HofNMM 269 152 78 25 420 356 310 170 142 4 4 4 4 2 2 2 2 2 705 7 237 *****34 77 95 Motpho
      282 words
    • 2600 13 BID and offer prices officially listed and business in and reparted to the Stock Exchange of Singapore yesterday with the number at shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contract! are quoted after the word "SETT*.
      2,600 words
    • 281 13 MonogerV prices for April 24 MARA-Bumiputra First B'putro 4 22 4 27 Singapore Unit Trust Second B'putro Third B'putro 3 76 3 81 3 19 3 24 The Commerce 0 78 0 83 Fourth B'putro 3 40 3 45 The Savings Fund 0 61 0 66 Fifth B'putro
      281 words
    • 129 13 HONGKONG Hong Kong Index Wednesday 1107 42 Tuesday 1113.77 Week ogo 111 4.20 Hang Seng Index Wednesday 1783 19 Tuesdoy 1792 90 Week ogo 1791 19 Australian Industrials Wednesday 1968.2 Tuesday 1973 0 Week ago 1944 8 NEW YORK Dow Jones Tuesday 1830 98 Monday 1855 90 Week
      129 words
  • Page 13 Advertisements

  • FOCUS ON PROMET
    • 602 14  -  Middle East and South America hold promises of jobs By ALAN LEE PROMET BHD is going back to its roots. Having expanded aggressively the past several years into diverse areas, the company is now to concentrate on the business it knows best contracting. "The
      602 words
    • 1117 14 THE PLIGHT OF PROMET: Promet Bhd, with its main activities in rig-building, construction, property development, and oil exploration, is a victim of the economic recession. The group's operating performance for the year ended Dec 31, 1985, serves to highlight the grave problems it
      1,117 words
    • 369 14  -  By HOCK LOCK SIEW PROMET's three-week delay in releasing its annual figures at least succeeded in preparing the market for the worst. With the share price already acutely depressed, it escaped yesterday with minimal damage, losing one cent to 29'/i cents in the day's
      369 words
    • 497 14 BRIAN CHANG, Promet Bhd's chief executive who faces an uphill task in steering the company out of the recession, has the reputation of a big-game hunter. A self-made entrepreneur, he was regarded as one who seems to know when to strike it big.
      497 words
    • 540 14 THE LACK OF follow-through support caused share prices to finish easier across the board on the Kuala Lumpur stock market yesterday. Granite Industries, which surged a hefty 14.5 cents the previous day, also succumbed to light profit-taking and closed three cents lower at
      540 words
    • 2552 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 A|inomoto (3 I OS) xd AMD (3 30S)
      2,552 words
    • 42 14 AJINOMOTO (M) Bhd: 25th AGM at Lot 5710, Jalan Kuchai Lama, Petaling, Kuala Lumpur on Thursday, April 24, at 9.30am BRITISH-AM ERIC AN T»bMM C* (8) Ltd: 43rd AGM at 57 Senoko Drive, Singapore on Friday, April 25, at 11.30am.
      42 words
  • Page 14 Advertisements
    • 271 14 NOTICES NOTICE CHIN ANN SHIPPING PTE LTD (la members' velutary liquidation) At an Extraordinary General Meeting of Chin Ann Shipping Pte Ltd, held on 16th April 1986, the following special resolutions were duly passed. 1. "That the company be wound up voluntarily and that Mr Tan Gim Soo of Messrs
      271 words
    • 297 14 Ia The Matter Of The Computes Act (Cap 185) And la The Matter Of Progress Phate Private Limited (Members' Valaatary liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 303 of the Companies Act, (Cap 185) that the Final General Meeting of the Members of the abovenamed Company will be held
      297 words
    • 239 14 NOTICE NOTICE IS HEREBY GIVEN that, I Lim Teoh of Blk 408 Hougang Ave 10 #05-1076 Singapore 1953 have applied for a Retail Liquor Shop licence in respect of premises at M/s Chay Huat, Blk 620 Hougang Ave 8, #01-282 Singapore 1953 and that this application will be heard in
      239 words

  • COMPANY NEWS
    • 773 15 mma mm*** By HOCK LOCK SIEW WANNIAN HOLDINGS was suspended from trading on the stock exchange yesterday at the company directors' request pending further announcements. The decision was somewhat of a surprise since it came two days after Wannian's disclosure that the group is
      By HOCK LOCK SIEW  -  773 words
    • 497 15  -  By RAMESH CHANDIRAMANI DIRECTORS OF Prima Ltd, who shocked the shareholders of the company recently when they admitted to having over (10 million worth of problem forward share sale contracts, say they are still hopeful of recovering the money. The company has
      497 words
    • 477 15  -  By NAJEEB JARHOM THE BUSINESS operations of Great Eastern Life Assurance Co Ltd continued to grow in 1985, in spite of the recession, with increased income from premiums and investments boosting its assets by more than $208 million to $1.68 billion. In his latest
      477 words
    • 337 15 NST FIRST ALLIED Corporation Bhd (FACB) has signed a countertrade agreement with China's Dalian Economic Development Corporation, which will make it the corporation's sole trade agent in Malaysia. This is the second countertrade arrangement for FACB. Earlier this year, it clinched a deal worth about Msso
      NST  -  337 words
    • 829 15 SHARE prices yesterday were marked sharply lower at the opening, responding to the heavy overnight fall on Wall Street. At 0845 GMT the FTSE 100 Index had slumped 20.7 points to 1,644.5 while the FT 30 was down 17.0 to 1,372.8. Hambros PLC shares returned from suspension at
      829 words
    • 349 15 AOKAM TIN announced that its 40 per cent-owned associate, Aokam Thai Ltd, has decided to close its two dredges in Bangtao Bay and Phuket Bay from April 19 due to the recent drastic fall in tin prices to below operating costs. Steps have been taken to effect the
      349 words
  • Page 15 Advertisements
    • 31 15 This announcement appears as a matter of record only ALCORN (PALAWAN) INC and ALCORN (PHILIPPINES) INC US$B,OOO,OOO Credit Facility Arranged and Provided by Den norske Creditbank Singapore Branch March 1986 DnC
      31 words
    • 78 15 K TIMES CONFERENCES has brought together a Panel of Prominent Bankers, Consultants and Professionals to bring you The Most Timely and Crucial Conference on THE TIMES' 1986 BANKING AND FINANCE CONFERENCE GROWTH STRATEGIES FOR BANKS AND FINANCIAL INSTITUTIONS IN THE LATE 1980S HILTON HOTEL, SINGAPORE 29 30 MAY 1986 For
      78 words

  • 436 16  -  America's new mood helping to maintain peace in region By SOH TIANG KENG THE RENEWAL of US self-con-fidence has reassured South-east Asians that America will help maintain the peace and stability of this region. And it is this balance of power which has enabled
    436 words
  • 477 16  -  By BRIAN GOMEZ THE MALAYSIAN RINGGIT has made a strong recovery to 2.55 after hitting a 12-year low of 2.70 against the US dollar during a dramatic slide in the first fortnight of this month. Economic analysts, however, anticipate the poor
    477 words
  • 189 16 THE SUDDEN SLIDE of the ringgit in the first fortnight of this month created significant arbitraging opportunities in the stock and rubber markets. But dealers said these opportunities were not exploited. Activity liad been "less dramatic" than would normally be the case because banks,
    189 words
  • 301 16 Reuter CHINA'S nuclear power industry, hit by delays and foreign exchange shortages, is expected to continue to grow, though more slowly than originally expected. Zhong Huailin, the project deputy director for China's first nuclear power plant, being built in Qinshan, said yesterday the 300,000-kilowatt station
    Reuter  -  301 words
  • 190 16 UPI PRESIDENT REAGAN has responded to pleas for help from American states battered by the plunge in oil prices by agreeing to push for the repeal of the windfall profits tax on oil companies. Republican congressman Mickey Edwards of Oklahoma made an informal
    UPI  -  190 words
  • 314 16 AP ECONOMIC REFORM is the only way out for China and the next five years will decide its success or failure, said 81-year-old leader Deng Xiaoping yesterday. The official Xinhua news agency said Mr Deng had made the comment at
    AP  -  314 words
  • 211 16 Reuter THE EUROPEAN Community has decided to drop Libya from a list of north African countries which benefit from subsidised EC butter exports. The move is the first collective economic measure against Libya since the US called for such measures in response
    Reuter  -  211 words
  • 94 16 UPI AN OFF-DUTY police inspector was shot to death yesterday outside his home in an Irish coastal town, 40 km south of Belfast. The Irish Republican Army claimed responsibility, citing the same UN article that Washington had used to justify its attack on Libya.
    UPI  -  94 words
  • 402 16 THE SORT OF messages that Asian and Pacific nations must send to the developed countries with the Tokyo Summit now imminent was spelled out yesterday. "Developed countries must be reminded that protectionism, the fall in the price of oil and other commodities, the
    402 words
  • 94 16 COMEX GOLD FUTURES retreated yesterday to their unchanged levels on dealer selling after firming initially on buying by London traders and the fund account C and D Commodities. Gold for delivery in June backtracked to Tuesday night's close of US$349 an ounce from a high of $349.50. Analysts
    94 words
  • 59 16 Reuter WALL STREET stocks yesterday fell further from Tuesday night's sharply lower level as bullishness over interest rates, oil prices and the dollar began fading. The Dow Jones Industrial Average slid nine points to 1822 after a 24.92 point decline to 1830.96 on Tuesday. Declines led advances
    Reuter  -  59 words
  • LATE FILE
    • 42 16 Reuter WEST GERMANY'S manufacturing industry last month reported lower incoming orders and orders on hand. The IFO economic research institute said yesterday firms were now less optimistic about prospects for the next six months than in February. Reuter
      Reuter  -  42 words
    • 43 16 AP SOUTH AFRICA yesterday pledged to abolish raciallybased restrictions on freedom of movement. The new policy will scrap the hated pass laws which for decades barred blacks without permits from living and working in white areas. AP
      AP  -  43 words
    • 42 16 Bernama ALL 55 UNIONS affiliated to the Malaysian Cuepacs group are to hold their executive committee meetings by May 10 to decide whether to join the strike proposed by the group over salary adjustment claims. Beraama
      Bernama  -  42 words
    • 42 16 AFP PHILIPPINE armed forces chief Fidel Ramos yesterday ordered the arrest of the organisers of a proposed proclamation of secession in Mindanao. He issued the order after being told that the move constituted sedition and rebellion. AFP
      AFP  -  42 words
    • 34 16 UPI CHANGES in Vietnam's ageing leadership are likely at the sixth congress of the Vietnamese Communist Party this year, Foreign Minister Nguyen Co Thach said in Bangkok yesterday. UPI
      UPI  -  34 words
    • 51 16 AFP TAIWAN'S economic growth this year is expected to be around 5 per cent, due to sluggish demand for its exports particularly in the US, according to a report published yesterday by Britain's National Westminster Bank. Estimated growth last year was 4.8 per cent.
      AFP  -  51 words
  • Page 16 Advertisements
    • 95 16 Hie German Experience with the Distinction "V X l k'c Wa A .KExperience the timeless pleasures of dining on authentic German cuisine; specialities from the Barons own smokehouse and roast spit. Or on international r XSESm. BißOD.'g SABM Simply the best in town During Professional Secretaries' Week (April 21 26),
      95 words
  • Page 16 Miscellaneous
    • 54 16 Outlook for today: Showers over a few oreas in the afternoon. Re; >ort for 24 hours prior to 7.30pm on Apr 23 at the airport: Maximum temperature 31.6 Associated humidity 72 Minimum temperature 25.4 Associated humidity 96 Hours of sunshine 7.75 Roinfali in millimetres trace Roinfali this month 135.9 Rainy
      54 words

  • SHIPPING TIMES
    • 121 17 Reuter INDIA'S 12 major ports handled 120 million tonnes of traffic in the year ended March 31, 1986, up from the 107 million in 1984/85, a government statement said. Bombay port handled the highest throughput of 24.2 million tonnes, followed by Madras with 18.1 million
      Reuter  -  121 words
    • 603 17  -  By SAID ABDULLAH THE SHIPPING industry may be in dire straits, but Columbus Navigation, a locallybased Malaysian shipping company is confident its turnover will more than double to about Ss6 million in its coming financial year. Managing director, Mr David C
      603 words
    • 214 17 Reuter INDIA'S 300,000 port and dock workers have threatened an indefinite strike affecting the country's 10 malor ports in the first week of June, a union leader said. General secretary of the All-India Port and Dock Workers Federation Mohan Rao said
      Reuter  -  214 words
    • 174 17 BRISBANE SEAMEN are maintaining a ban on the Singapore registered tanker Nicola Prosperity on the grounds that it is taking work away from Australian vessels. The 89,467-dwt tanker had already discharged some of its Middle East crude at Kwinawa near Fremantle and was
      174 words
    • PORTSIDES
      • 78 17 Reuter THE AUSTRALIA to west coast North America currency adjustment factor of 18.34 per cent and the 3.25 per cent bunker surcharge will be merged into freight rates on a compounding basis, effective May 1, the Australia-Pacific Coast Rate Agreement said. They may be reintroduced
        Reuter  -  78 words
      • 83 17 Reuter CHINA IS building an ice-free port with an annual cargo handling capacity of 750,000 tonnes at the north-eastern city of Dandong, the New China News Agency said. It said the new port will handle imports and exports from the three provinces which include the country's
        Reuter  -  83 words
    • 1034 18 QUIET conditions pervaded the London shipping freights market on Tuesday, suggesting little scope for early recovery. No fresh grain fixing stemmed from South America, and North American business comprised just the prompt fixture of the Pochteca at US$5 (fio) for a 21,000-ton shipment from the US Gulf to
      1,034 words
    • 800 18 Reuter THE SUPERTANKER a Siarter-mile long behemoth at dwarfed warships and epitomized the power of oil is vanishing from the oceans. Touted as the ship of the future a few years ago, with capacities ranging from 160,000 to 400,000 tonnes, the
      Reuter  -  800 words
    • 279 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
      279 words
    • 636 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 III 2/3 ASCL M 1 Bolt-Canada Line VII 4/5 Bait-Orient Line VII 4/5 Bank Line V 5 BBS H 4/5 Ben Line Cont
      636 words
    • 159 18 Lloyd's Lists A PRIVATE Hongkong investment company has purchased a 10 per cent stake in Asia Terminals Ltd, the multi-storey freight station currently close to completion at the colony's Kwai Chung container terminal. Central Development Co bought its shareholding in the Joint venture terminal
      Lloyd's Lists  -  159 words
    • 113 18 Reuter THE CAPSIZING of the Atlas Star which possibly killed up to 500 people was the worst riverine disaster in Bangladesh. Authorities so far have recovered 200 bodies drowned when the dou-ble-decker ferry carrying 1,000 people capsized in a storm on Sitalakhya river. About 300 others
      Reuter  -  113 words
    • 236 19 Reuter THE INTERNATIONAL Association of Independent Tanker Owners (Intertanko) had appealed on Tuesday to Iran and Iraq to "stop the attacks on tankers, which have killed innocent seamen, caused material losses and lead to potential pollution hazards". Intertanko noted that overall tanker tonnage
      Reuter  -  236 words
    • 297 19 COCOS ISLANDS, 2000 miles off the West Australian coast, will in future be supplied by ships manned by Australian crew. The decision comes after an extensive union campaign to force foreign flags off the route. The Territories Department is preparing new tenders
      297 words
    • 192 19 ASIA'S first pontoon/linkspan barge, KPA Ro-Ro, was launched yesterday by Datuk Dr Wong Soon Kai, Sarawak's Minister of Infrastructure Development. The $2 million barge for the Kuching Port Authority (KPA) was built by Otto Shipyard in Tuas, a job awarded last year by
      192 words
    • 269 19 Reuter IRAN HAS reported intercepting tankers in the Strait of Hormuz for the first time since it threatened 18 months ago to confiscate oil pumped and sold by Saudi Arabia and Kuwait on behalf of Iraq. Navy commander Mohammad Hossewn Malekzadegan, quoted by Tehran Radio,
      Reuter  -  269 words
    • 176 19 AFP INDIA HAS bought the British aircraft carrier Hermes for about £60 million, a defence ministry spokesman said in New Delhi. The deal was clinched at the weekend after nearly a year of uncertainty about the warship's future, the spokesman said. Hermes,
      AFP  -  176 words
    • 188 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/Straits Container
      188 words
    • 119 19 AFP A FIRE broke out on Tuesday on a Libyan oil tanker which was undergoing repairs in a Sicilian shipyard, but the blaze was believed to have been sparked accidentally by a welding torch, port sources said. The fire broke out after an
      AFP  -  119 words
    • 533 20 April 16-30 Appraising and financing port projects, Unctad, IPER and ENPC course, Le Havre, France (Details: Institut Portuaire d'Enseignement et de Recherche (IPER), 1 rue Emile Zola, ***** Le Havre CedexFrance.) April 22 Lecture, "The future of the Admiralty chart" by Rear Admiral Roger Morris, organised by Nautical
      533 words
    • 6383 24 3®aß[pqEß 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
      6,383 words
    • 735 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 Fremontle Br 21B 24 4 86 1600 Kawasaki F1 0700-0800 U1 Omex Pioneer 25/606 24.486 1630 Borneo F1 0800-0830 W5 Hermes Ace 36 ***** 1900
      735 words
    • 1667 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A-B A Top Enterprises ft* Ltd Some (S) AB Shipping Bousteod Shpg Agencies Afro Line African Shpg Agencies (S) Ahrenkiel Liner Km Shpg (S) Alfred C Toepfer Oceonus Shipping A gencies (S) Muhiport Sdn Bhd
      1,667 words
    • 768 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES B'tang Belait K24E SSPL alongside 24.4 86/1500 Jane Ann K16 Borneo alongside 24 4 86/1500 Jumpa K18 Leo Shpg olongside 24.486/0600 Kap Smimov K9 SinSov alongside 24.4 86/1200 Str Venture K25W SSPL alongside 24 4 86/1500 A
      768 words
  • Page 17 Advertisements
    • 700 17 Concise Comprehensive Contemporary n«wsage nts —J OOCL Overseas LINE STRAITS EUROPE EXPRESS SERVICE •CJ. TOKYO 31/ ORBITAL FK£DOM S 29/4 OCEAN LEGEIO 2 4/5 *CHM CONTARER 34E/ ORBITAL PATRIOT 29 6/5 KEPTWE MIX 2 18/5 •orbital cmy 40/n corn. 5 27/5 '•T/S MO to connect trim* VSL kphjne COMM. OCEAN
      700 words
    • 64 17 THE SUPERTANKER o quarter-mile long behemoth that dwarfed warships and epitomized the power of oil is vanishing from the oceans. Pag« II COCOS ISLANDS, 2000 miles off the West Australian coast, will in future be supplied by ships manned by Australian crew. Page 111 Index to advertisers II London freights
      64 words
    • 1232 17 A hard look at what it will take to succeed in business tor the next 20 years With turbulent times ahead. forewarned will be i forearmed $22.00. TIMES 1 THC BOOKSHOP MAERSK.LINE Penang Vessel Voy S* pore EXPORT TO USA. EUROPE. MIDDLE EAST. WEST AFRICA ASIA *S«gapare Closing Taws CT
      1,232 words

  • Page 18 Advertisements
    • 464 18 Fes Y.S. LINE STRAITS FEEDER YAMASHITA-SHINNIHON LINE TRANS-PACIFIC SERVICES Pacific North West Feeder at Kao Atlantic/Canada Feeder at Kobe Pacific South West Feeder at Kao :e—iiEiiMEa: II I il—llll ■■!>! ■!!>!■ I■! I |TMH'-''I I WI7II ■cnm ceptina LCL Cargo for USA Porta. •Portland via Spore to Long Beach —24
      464 words
    • 235 18 Ea OueSea. Supercarrier Service u >■. 1 NUT ARWVMS BARBER PtRStUS 30/4 BARBCR TOMSBfRC 27/5 TO: CALIFORNIA PANAMA US ATLANTIC US GULF E. CANADA 4/4 «/t 13/4 IS/S 23/S 25/4 J/7 5/7 too accepta* c«*t tar Hons tor (MLB). S. hmdnc*. UM Stadita* ari San Ditto li. I fc*ei«. Charleston
      235 words

  • Page 19 Advertisements
    • 1097 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd Overseas Containers Limited STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok COWTAINERSHIP SERVICE TO UK/CONTINENT tTW( Bum R'te* 13/5 15/5 14/5 19/5 21/5 22/5 20/5 22/5 19/5 25/5 27/5 2t/5 02/8 04/6 B/S 10/6 12/6 13/8 19/S 21/6 22/S
      1,097 words
    • 483 19 Franco Belgian Services f&j .»r t+ t A rrm hi« ith ir i ru im(MEMBER OF ACE CONSORTIUM) CHARGEURS HAVRAISE MEDEX LINE EITT. Am (MEB CLUB MEMBER) rraid MONT KMC MMHJ an para Apr 14 Apr Ap IV 13 «P Accepting carto lor Las Palus. Aieundm Alftr. It Pact. lams.
      483 words

  • Page 20 Advertisements
    • 525 20 Wh Hapag-Lloyd Wand haubfe to inland destination? in Europe S port Kctan|f«un| leiioesßfeao Genoa fori fttfam Bhaeen A otrp 9/5 11/5 13/4 5/4 13/5 15/5 17/5 12/8 15/4 24/4 24/4 24/4 17/4 J/( 11/8 13/ C 15/7 11/7 13/7 1/7 FROM N. CONTINENT &UK IMPORTS Agents SEGANI< Smfjpore *****66 K.
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    • 128 20 K.S LINE goat* SM J**"** 1 FULLY CONTAINERISED SERVICE [to EUROPE VIA SUEZ ol tht et ConsortJrT KOREAN CHANCE 26* SEVEN SEAS BUDGE iSH MERC HOB 38* C. R. TOKYO 4* FROM EUROPE VIA SUEZ A Member ol the Ace Consortium •FDR/MOTKR VESSEL CRT 3E/KWO tIE CCN 34E KIN 46E
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    • 741 20 /Iff Hai Sun Hup Co (Pte) Ltd ■> »n TEL *****06 (20 Lines) TLX RS ***** RS ***** |E EASTERN CAR I INI R. I II). Specialist in RO/RO Service Accepting heavy-lifts upto 80 K/Tons Sailings from Japan Vessd Spare Mtiant Kuctanf tturj KK SEKI NAGOYA *35 3 Mir S
      741 words
    • 301 20 r EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) US WEST COAST FAR EAST/RED SEA/MEDITERRANEAN MED/RED SEA/F.E. Agents GREEN ASIA SHIPPING PTE LTD BOOKING' 51 Anson Road. 13-53 Anson Centrp p kFI atj( Singapore 0207 P iA<A TEL SPORE 2222 11 1 110 Lines! PENANG INWARD
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    • 196 20 \s US I NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES 7T KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC VOK PKatam Ln*|tar Oceana Queen In Pert Lae. Orobay, PHeresby. Rabari, Kieta, Honiara. Suva Oceania Couier 10/5 *ewak, Mad** Lae. PJloresby Motau, Rabat! Kieta, 51" SUN UNION LINE
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  • Page 21 Advertisements
    • 963 21 tJUII I 111U JIIIUI JU«J f iipiu m«rw \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL MAJAPAHIT GOWA KOTA SING A SIN JKT SBY SIN HKG KAO *TCH KEE BUS Sailed SmM MM SmM 26/4 27/4 20/4 »/4 1/9
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    • 961 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT 17/5 11/5 2S/5 21/5 23/5 24/5 26/5 22/5 23/5 25/5 24/5 25/5 27/5 »/5 31/5 31/5 1/1 J/4 4/1 4/4 It 4/4 U/4 12/t 14/1 17/1 IS/C 26/4 21/4 23/6 24/1 25/4 27/4 2S/4 31/4 1/7 2/7 4/7 J/7 7/7 5/7 14/7
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    • 496 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESUM LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE Spare Bfcaoßremen Adam/Rdam L*i Hamburf OCCAM PftMA V4NB 1-3/5 31/5 3/6 7/6 LJ BONTANG VBNB 5-11/5 10/6 14/6 16/6 21/S S pare Genoa Mm Lc
      496 words
    • 345 21 BOUSTEAD SHIPPING AGENCIES Pa-an V94N Pagan V9SN Htoneywa V/ 211 V* wotnaouw) to me TOW* THM.LASM MAM MMXMBMI VION TMIMIM SMKM *7 CITDQUUX «17N rmm «iw BURMA FIVE STAR (Burmese National Line) Loading for Rangoon Spore 25/27 Apr 10/11 May (P. Godang) 9/10 May (P. Gudang) BANK LINE EXPRESS SEM-CONTAWER
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  • Page 22 Advertisements
    • 1278 22 ECUADOR/PERU/CHILE FEEDER *Sl mother m spoftf me Li K LINE KAWASAKI KISEN KAISHA. LTD. SPORf KOBE GUAYAQUK CALLAO MIC* IQUIQU AF AGAST* S ANTOHO VALPARAISO ALSO ACCEPT* SHANGHAI. HSMGXANG MOD. NAHA. SHM2U VIA KOBE SOUTH AFRICA (Safari Consortium) STORE DURBAN Pal 2 CTOWN WDILOTD CaOkBO »0422f 21 Apr 11 May
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    • 753 22 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Singapore P Ming Penang Loading tor SO TRfURA 27 Apr SftEW® FOH Tiff 27 Apr TMMT Apr tsnarra- n Apr BHAVASHUTI 29 Apr BHARATEMW 2 May Bomb a t Hindi faag Calcutta tMii tMn'B'M/IMi Cacutla fITiTTI
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    • 786 22 GOLDEN LINE GIMN GUAN SHIPPING (PTE) LTD 23. Tctt h« Street SMGAPOK 0104 Til 5343M1 (10 IKS) STRAITS/PERSIAN GULF SERVICE: Spo e GOLDEN HM L jtombu Pai*hi Dub* Dona Bahrain GOIKN HAKN Colombo Karachi Bombj, Dub* 2/3 Mi* 15/17 Mir CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA
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    • 413 22 4, INTRASEA (PTE) LTD 10 Anson Road »27 16 Internationa' Plaza Singapore 0207 Tel *****1 1 (1 0 L>nes) o BREAKBULK SERVICE TO EUROPE/UK PHILITRON SHIPPING AGENCIES PTE LTD TEI *****22 (8 LINES) TELE* RS ***** PHILI TT Ml o*6 (OK. KEELING. Mtt edoah hokum aqaba AMMAN. COTONOU DAKAR FKETORM,
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  • Page 23 Advertisements
    • 664 23 aNOL NEPTUNE ORIENT LINES LTD Agents S poce NEPTUNE AGENCIES PTE LTD Tel No o«ice lernmal CfS BOOKINGS *****77 fE EU/AIIST TPA SEA *****77 *****22 *****53 M DMECT LWS *****53 ******2 J Bihru HARPER WKA SON BHD 23«100 P Mint HARPER WRA SON BHD *****01 *****41 P laya HARPER WRA
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    • 453 23 HEUNG-A SHIPPING Korean Flag Vessels DONAM SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG, BUSAN, INCHON SPI#I 4HNIS MIPTUNI AGINCKS Plf 110 Tel ?***** 7/77K434 ißoot.m e s) ???7blo (Operationsi ??***** (lftmmali ??0?4S0 *****04 (CfS) M«1 «<SH H.INU lUNAS SfllA SON BHO Kl If) 3 PK lel *****4 PIN let 3673/VJ6/4;">
      453 words
    • 484 23 SINGAPORE SOVIET SHIPPING CO PRIVATE LTD EFFECTIVE APRIL 23, 1986 OUR NEW TEL NO. *****33 (REGULAR INDEPENDENT SERVICE) ODESSA OCEAN LINE LOADING FOR MEDITERRANEAN PORTS OtSCHARONG FROM MEDITERRANEAN PORTS S parc PKlanf Penanj Naples Lefhom Genoa SP MV GEROI MONKADY VOY Be/86 27/04 2S/04 29/04 21/05 19/05 K. USHAKOV VOY
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    • 116 23 X K S LINE JAPAN STRAITS SERVICE SANKYO LINE (S) PTE. LTD. 37. SomarMl Road, #06-01. Ng T tow YhM Bldg S pore 0923 T«l 235 8444 (4 linns) Port Kelang Tiga Pma Shipping Sdf\ Bhd Tel 03 *****4 b Penang Malaysia Trade Transport lid Tel 04 *****3 Pasir Gudang
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  • Page 24 Advertisements
    • 367 24 I REGIONAL CONTAINER LINES TO BANGKOK (4 WEEKLY SAILINGS) SMGAPOK hi Pt 26-27/4 27-27/4 29/4 29-30/4 1-2/5 3-4/5 4/5 6/5 6-7/5 1-9/5 10-11/5 11/9 SEA DRAGON R. KONSORTUM I Filial iiro firyizi 1C2211 I EM iLmi j^ij jsnni ina CE3B (CSZlmitil TO SOUTH THAILAND \UM gj/di R3DH rv* MALACCA STRAITS
      367 words
  • Page 24 Miscellaneous
    • 175 24 Weather ?t>r•> J l! 56 t a 05 1 9/ M 52 B&WS SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. (Z 1, Wind direction with speed »n knots Wove height One half fleche represents 5 knots LEGEND Ptl J Temperature c .^S. understorm Weather Wind direction with
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  • Page 25 Advertisements
    • 93 25 MM* K LUMPUR *****00/*****50/*****40/*****03 f. KEUMG *****1/4 TERMNN. *****1/2 POMN6 *****2/*****3/*****4/*****3 P. GUDANG *****3/*****5/*****1/*****0 j. BAHAMJ *****0/*****0/*****5 LEOSHP SPORE *****22 FAR EAST/EUROPE CONTAINER SERVICE W EUROtt Fm» 11 ';r. ■mrra ii if. ami™ 11 f ■rTI^TM m pTTf ITf OOEDHEII pniTTTJI ImiTMBTI UynrrTicypn ALSO ACCEPTWG FORAHTWCRP. L. HARK. UK. BROO,
      93 words
    • 63 25 FRATA FRATA CONTAINER LINES i SID COLUMBUS LINE REEDEREI GMBH EXPRESS SFMI CONTAINER SERVICF TO HUlt ROTTERDAM HAMBURG TOANA PAPUA V 5 THAIASSM MANA VI TAMAITAI SAMOA ¥7 ROM/ADAM 19/4 10/6 21/6 MK HULL (UK.) 25/5 1/8 15/6 26/7 J/7 Also accepting FCI contrs to Antwerp and Bremen General Agent
      63 words
    • 138 25 Scan Dutch tf TO EUROPE (MEDITERRANEAN-UK-NORTH CONTINENT -SCANDINAVIA) FEEDER VESSEL SNGAPORE 1) MARSEILLES 2) ROTTERDAM j 3) LONDON 4) HAMBURG |S)OOTMEN B M/1K MMa/lX H MR/1« Mm/ISC* H Dejm lit B Sm/ITC* Mm*/1K TO RED SEA-MEDITERRANEAN FEEDER VESSEL CASABLANCA I LISBON SINGAPORE JEDOAH N 1m Ibcfc/CX n fan Nnrt/tX FROM
      138 words

  • Page 26 Advertisements
    • 83 26 WORLD Ijjjj LINE 1 m, SANKO LINE. Th« Sanko Steamship Co Ltd BULK TIMBER PLYWOOD SERVICES S pore P.Keiang LOADING FOR: RANKO MARU Apr 27 SETE/UK/ANT/HOU SING*POPF I N SHIPPING PTE ITO World Trade Centre 1 Maritime Square it 12 19 Smjapore 0109 Tli R*****7 TEL *****11 WfST MALAYSIA HSH
      83 words
    • 294 26 i: Wi w Mitsui OS K. Lines. Ltd CONVENTIONAL/SEMI-CONTAINER I EAST AFRICA ASTRA PEAK 27 Apr CONTINENTAL PARTNER 5 May AFRICA MARU 26 May WEST AFRICA EARNEST VENTURE 12 May Port Louis. Reunion Mombasa. Daressalaam. Tanga Port Louis. Reunion P. Noire, Abidjan, Apa pa. Port Harcourt, Lome. Tema NED COLOMBO
      294 words