The Business Times, 28 April 1986

Total Pages: 26
1 26 The Business Times
  • 13 1 BUSINESS TIMES M.C. (P) No. 192/12/85 MONDAY, APRIL 28, 198 C 75 CENTS
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  • 389 1  -  Base captive insurance companies in Singapore, advises Stenhouse By ALVIN TAY ALEXANDER STENHOUSE, the world's second largest insurance broking house, has recommended Singapore to its Australian clients as the country of domicile for their prospective captive insurance companies. Mr Anthony Staley, the company's deputy
    389 words
  • 473 1  -  By LUCY NG WITH THE hotly-contested elections for seats on the Council of the Singapore Society of Accountants (SSA) behind them, members of the society will be watching whether the open disagreements between representatives of local and international accounting firms could
    473 words
  • 282 1 Reuter QATAR is holding 29 foreign workers seized in a raid on an offshore reef where Bahrain was building a coastguard station, diplomatic and shipping sources said. The workers 26 Filipinos, two Britons and a Dutchman were taken to Qatar but were
    Reuter  -  282 words
  • 98 1 TWENTY YEARS of bias towards workers should now be reversed to help employers because of the present recession, says the Senior Minister in the Prime Minister's office. Mr S Rajaratnam said workers are better off because of previous benefits in their favour, and they "do not
    98 words
  • 443 1 AP JAPANESE corporations are planning to import more parts and to increase overseas production in an effort to overcome the recent surge in the value of the Japanese yen against the US dollar, according to a survey published on Saturday. Mitsubishi Electric Corp
    AP  -  443 words
  • 262 1 THE AVERAGE occupancy of hotels fell sharply to below 60 per cent in February. Figures released by the Singapore Tourist Promotion Board yesterday showed that the occupancy rate was 59.9 per cent compared with 65.4 per cent in January and last
    262 words
  • 312 1  -  By LOH HUI YIN SOME PROGRESS has been made between Singapore and the US on the re-export of American strategic goods from the Republic. It will be one of the topics to be discussed between Foreign Minister S Dhanabalan and US Secretary
    312 words
  • 166 1 THE FOUNDATION of US policy in South-east Asia is support for and cooperation with Asean, affirmed President Ronald Reagan, three days before he has talks with Asean ministers. "Our relations with the Asean nations are based on our common dedication to the basic principles of freedom and
    166 words
  • Page 1 Advertisements
    • 114 1 Need a housing loan? Wwtoong 737-7977 VV&yfoong Mortgage And Finance (S) Ltd A wholly-owned subsidiary of Hongkongßank 6 Claymore Hill #03-00. Claymore Plaza. Singapore 0922 Sony First to Bring you the Portable Office Save Time: Record Your Thoughts Immediately •Wherever You Are Whenever ideas come into your mind Dictate them
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    • 303 1 Yao Dixiong has the kind of romantic past artists ara supposed to have. Forced to work on propaganda posters during the Cultural Revolution in China, he's since moved on to nature studies of Australian wildlife. His 60-metre scroll "Hundred Kangaroos" (below) is on display in Singapore. MONICA GWEE took a
      303 words
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  • MANAGEMENT
    • 897 2  -  Growing popularity of correspondence courses An external MBA programme offered jointly by the University of Warwick and Wolsey Hall may be filling a gap in the market comprising managers who cannot study full-time. Management Correspondent TSANG SAU YIN has the details. SANG SAU YIN DISTANCE LEARNING is
      897 words
    • 814 2 am COUNTERTRADE, ByLtoGB Welt Euromoney Publications, 1985. 185 pages Reviewed by: LEE YOKE MENG WHILE ECONOMISTS are still hot in debate over the question of how productive (or counterproductive) countertrade is, the business is undeniably gaining ground almost everywhere. The International Monetary Fund reports
      814 words
  • FRONTIERS
    • 501 2 AP THE CHINESE have had faith in ginseng, rhino horn and other medical exotica for 2,000 years. But a new market is emerging for China's traditional remedies ordinary Americans. "Some Americans take a whole box of this at a time," says Feng Gen Sheng, the
      AP  -  501 words
    • 175 2 International Press Bureau SWEDEN has decided to take the initiative for directing the technical development of computer video display terminals (VDTs) in light of the as yet unknown health risks they pose to those working with them, particularly pregnant women. Minister for Labour
      International Press Bureau  -  175 words
    • 372 2 UPI EXPERTS from the British Museum in London have reported "conclusive" evidence confirming the authenticity of a famous fossil that appears to show the evolutionary stage between reptiles and birds. A team of scientists led by astronomer Fred Hoyle has argued that the partbird, part-reptile
      UPI  -  372 words
  • Page 2 Advertisements
    • 209 2 8 V. m ■m. j® M r The Traveller And Merlin Inn: A Winning Combination P w J Whether you're travelling on business or on vacation, the extensive nationwide presence of Merlin Hotel Group is a most comforting fact. Merlin Inns strategically sited throughout Peninsular Malaysia and beyond. Each with
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    • 39 2 V FACTORY FOR LEASE Rental: 60$ per sq.ft. AREA: 10,000- 60,000 sq. ft. FACILITIES: Sanitary, Water, Sprinkle system, electricity 100 KVA Suitable for all types of industry, except food LOCATION: Near Jurong bus interchange Interested parties please call *****59
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  • ADVERTISING & MARKETING
    • 309 3  -  By MAX COMMANDER SWEET-TOOTHED Singaporeans, particularly if they are also avid television viewers, are probably only putting on weight if they are sucking and chewing Kit-Kat chocolate bars with wild abandon in the hope of winning a free British Airways
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    • 1398 3 NYT CAN A RUNNER'S marathon pull them into a bank? Or a country music concert sell cigarettes? Apparently Philip Morris and Manufacturers Hanover think so. Each of them has sponsored such special events recently. They have plenty of corporate company. According to Lesa Ukman, the
      NYT  -  1,398 words
    • 543 3 UPI CONSUMERS OFTEN take for granted something corporations spend hours thinking about and thousands of dollars to create a name. Whether it be a name for the company (naming) or one for one its products (branding) the search for the right corporate and product identity
      UPI  -  543 words
  • Page 3 Advertisements
    • 112 3 Who says good womsn are hard to find? Business Girl can temp you with good women. In all shapes and sizes, specialised skills and sen/ices. From technicians, drivers, mechanics, computer analysts and bankers to supervisors, buyers, secretaries and typists. As Singapore's leading temp agency, we sign up only the best
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    • 178 3 U.S.A. for Sale. .$240. Join the people who hnow. a Us f*v.Juyv 91 < -JMK< -tFT ..'i^BSmA m,. nihil ih>M»n« 1 > If you've got a vacation coming, pick the airline with the best deals going. Northwest Orient. We've put America on sale with our super-saver U.S.A. Pass. 6 vacation
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  • OVERSEAS
    • 586 4 AP RICH COUNTRIES are moving towards better growth, poor countries are weaker, and communist countries are not doing as well as their leaders expect, the International Monetary Fund reported yesterday. China is an exception. The fund reported that Chinese production grew
      AP  -  586 words
    • 253 4 AP THOUSANDS of chanting, drum-beating Sudanese shouted for joy on Saturday as 17 years of military rule ended with the opening of their country's new parliament. To resounding applause, General Abdul-Rahman Swareddahab, Sudan's ruler for the last year, read decrees in Khartoum dissolving
      AP  -  253 words
    • 88 4 UPI MORE THAN 7,000 labour leaders and trade unionists jammed the grounds of Toronto's provincial legislature on Saturday in the largest show of opposition yet in Canada to free trade negotiations with the US. Labour leaders and nationalists are opposed to the talks, aimed at
      UPI  -  88 words
    • 449 4 Reuter WORLD OIL PRICES could drop below US$lO a barrel this year but are likely to go back up to US$25 to US$32 a barrel by the middle of the next decade. According to a US Energy Department report released
      Reuter  -  449 words
    • 485 4 Reuter PRESIDENT Ronald Reagan, calling the world "a savage place", has said that he intends to go ahead with his war on terrorism. "We're showing the world's dictators and terrorists that when they perpetrate their cowardly acts upon citizens of the United States,
      Reuter  -  485 words
    • 237 4 UPI A DRASTIC DECLINE in tourism because of terrorist threats will hurt Europe economically this summer, but in most Third World countries too many foreign tourists could harm their culture and development. A UN report pointed out that while the tourist industry
      UPI  -  237 words
    • 171 4 Reuter THIS IS ONE PERSON who believes in travelling light. Eve Jackson (above), 28, is making a bid for fame in an attempt to be the first person to fly the 21,000 km from London to Sydney in a powered hang-glider. She lifted off
      Reuter  -  171 words
    • 244 4 UPI FLUSHED with anger, an American judge convicted a prisoner of contempt by abusing the plumbing in his cell and dousing the judge with toilet water. Ricky Malone, who was unhappy with his cell in the Hamilton County Justice Centre, faces an extra
      UPI  -  244 words
    • 344 4 UPI ROBOTS like R2D2 from Star Wars that walk, talk and see have been popular for years in films, and now they are starting to become more common in the workplace. Technology has now made it possible to produce walking, talking and seeing robots for use
      UPI  -  344 words
    • 226 5 AFP INDONESIA has turned down the idea of deficit spending in the face of an expected sharp fall in state income due to plunging oil prices. Finance Minister Radius Prawiro told the Indonesian parliament on Friday that deficit spending would contravene the policy guidelines laid
      AFP  -  226 words
    • 515 5 Fears that the new technology will displace jobs Reuter THE GROWING USE of computers in India, where bullock carts still carry most farm produce and millions still wear homespun cotton, is coming under fire from trade unions. A new generation of electronic brains is speeding
      Reuter  -  515 words
    • 240 5 UPI A CHINESE communist party official has urged the country's theoreticians to change all "ideas, rules and regulations" that conflict with the development of a market economy. Xinhua News Agency reported on Friday that Zhu Houze, head of the Central Committee Propaganda Department, told officials
      UPI  -  240 words
    • 207 5 UPI THE GOVERNMENT of the Pakistani province of Sind has revealed a conspiracy to assassinate opposition leader Benazir Bhutto as she addressed a planned May Day rally. -A newspaper in Karachi reported on Saturday that Sind officials said a separatist group in the
      UPI  -  207 words
    • 767 5 ARRIVALS Operator Service Local From number time SIA SQ45 0850 MRU MAS MH8I 1 0910 PEN MAS MH67I 0920 KUL SIA SQ103 0950 KUL CPA CX710 1015 CGK RBA BI421 1030 BWN GIA GA960 1100 CGK SIA SQI05 1105 KUL SJA SQ201 1145 CGK THAI TG403 1155
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    • 379 5 AP, Reuter ECONOMIC REFORMS instituted by China have increased the output of consumer goods but have also caused high inflation, a worsened balance of trade and a decline in grain production, says a recent study by the US Central Intelligence Agency. Beijing has announced a
      AP,; Reuter  -  379 words
  • Page 4 Advertisements
    • 186 4 Even business agendas can be most enjoyable. ooen session as soon d a <«ess Class m^rr Beview i select ap^ ritii 3. t>e I Evaluate teiS: iw"" S -J-Ki,--- *-YU be verag ine ss V®** ate on separately M 4tih four or pinner oboioe wA C ~,v Hk' I serv
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  • Page 4 Miscellaneous
    • 55 4 Doonesbury I mi m k H HPS BBBH OH THAT TOM BIZ FWSTB FOR U/BEKS,THOUGH. rriL PROBABWBB 50MB TIME BEFORE HE REALLY SHAKES IT. L I BY GARRY TRUDEAU t/WAT HE REALLY NEEPS NOUJ ISA 600PNI6HT OF Ts. I JUST LEFT STRJCT ORPERS HBISH7TDBE PtSTURBBP! V v< 2 IS a
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  • Page 5 Advertisements
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  • BANKING AND FINANCE
    • 320 6 Reuter DEBTOR COUNTRIES that attempt to "go it alone" have been warned that their efforts could have dangerous consequences even if the measures proved popular with public opinion. Andre de Lattre, the managing director of the Washingtonbased Institute of International Finance (IIF),
      Reuter  -  320 words
    • 180 6 Reuter BOLIVIA will open talks on its US$65O-million debt to foreign private banks, on which it has made no payments for more than two years. Foreign Minister Guillermo Bedregal said a commission led by special debt negotiator Adolfo Linares would fly to
      Reuter  -  180 words
    • 343 6 AFP THE AFRICAN Development Bank (ADB) group lent more than US$l billion last year for the first time in two decades of operation. The ADB group annual report, to be presented at the group's board of governors meeting in Harare
      AFP  -  343 words
    • 297 6 Reuter THE BUILD-UP of liquidity in the UK economy gives cause for concern and must be carefully monitored. In a report on the 1986 budget, the British parliament's Treasury and Civil Service Committee said it was aware that the build-up reflected high real interest rates
      Reuter  -  297 words
    • 156 6 Reuter SWISS NATIONAL Bank president Pierre Languetin, reacting to the freeze on assets of former Philippine President Marcos, has called for a review of loopholes which allow dubious funds to be deposited in Switzerland. In a speech to the National Bank's General Assembly last Friday, Mr
      Reuter  -  156 words
    • 301 6 Reuter SPAIN, with a growing payments surplus, is drafting measures to relax exchange controls. The Secretary of State for Economic Planning, Mr Miguel Angel Fernandez Ordonez, said last week: "This year, we will have a bigger current account balance of payments surplus than West
      Reuter  -  301 words
    • 126 6 AP BANK OF CHINA, Beijing's state foreign exchange bank, has begun taking deposits in the country's domestic currency, the renminbi yuan, according to an official press report. In the past, only the Industrial and Commercial Bank of China and Agricultural Bank of China
      AP  -  126 words
  • MONEY AND EXCHANGES
    • 517 6 Union Bank of Switzerland. THE AMERICAN and Japanese discount rate reduction duet over the past weekend had sine» led by the US the exact reaction on the market in the form of a direct drop in the dollar that Fed chief Volcker
      Union Bank of Switzerland.  -  517 words
    • 299 6 Commercial Discount Co THE INTERBANK overnight rates moved erratically last week. Opening at 4-3/4 4-5/8 per cent it eased to a low of 4 3-3/4 per cent on Wednesday but towards the weekend, as unexpected borrowing interest emerged, it firmed to a high
      Commercial Discount Co  -  299 words
    • 532 6 Mcates the avenge 0» the prime lendnf rates of 12 major banks operata* in Sinfapore PLR of banks at the close of business on Friday, April 25, as supplied by the Association of Banks in Singapore BANK PLR Algemene Bank 7V« Americon Express Bank 8". Am'Dam R'terdam
      532 words
    • 170 6 OCBC SPECULATIVE pressure had again done the trick of pushing the US dollar to new lows, breaking resistance levels of 170 yen and 2.20 D-mark. The slide continued, with the greenback retreating before an advancing yen. A minor correction occurred at week close,
      OCBC  -  170 words
    • 234 6 Asian market ASIAN currency average deposit rates for the week ended Apr 25 BID PRICES High Low uss 7 days 7 6 13/16 1 month 6 15/16 6 11/16 2 months 6 7/8 6 5/8 3 months 6 7/8 6 9/16 6 months 6 13/16 6 9/16 9 months 6
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    • 38 6 The range of call rates for the week ended Friday, Apr 25: Bonk fund 45-5 General fund 4 9—5 125 Movements of funds 2000 Source: Short Deposits (M) Bhd Tha financial futuraa report waa not available
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  • Page 6 Advertisements
    • 269 6 fjV The Australian Administrative Staff College in conjunction with CRSB ORGANIZATIONAL RESOURCES SDN BHD Presents fS A residential program from July 20 August 1. 19X6 al Fraser's Hill Merlin PROGRAM An intensive two-week fully residential management development program brought back by popular demand This program is ideal for mid-career executive
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    • 50 6 OLYMPICS QUICK-HOP TO ATHENS K A WISE CHOICE Twice a week, the fastest and only non-stop from Singapore to Athens. Enroute, relax in the sheer comfort and luxury of our Jumbo flight. For enquiries and reservations, call 225 8877. 4 I IT 4 r s 'The International Airline of Greece
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  • SPORTS
    • 312 7 UPI JAY HAAS survived his "worst swing of the week" on the 17th hole to shoot a sizzling 67 on Saturday in the third round of the US$5OO,OOO Houston Open to move into a three-way tie with Calvin Peete and Tom Watson
      UPI  -  312 words
    • 339 7 Reuter BRITAIN'S Howard Clark shot 67 to join Spaniard Severiano Ballesteros in the lead on 205 after the third round of the £120,000 Madrid Open Golf Championship at Puerta de Hierro on Saturday. In heavy rain and bitterly cold temperatures, the two
      Reuter  -  339 words
    • 321 7 UPI AMERICAN CAR GIANT Ford, back in Formula One racing with a new turbocharged engine, is revving up its hopes cautiously. The company's fresh six-cylinder Powerplant was set to have its race debut in the Lola of 1960 world champion Alan Jones in
      UPI  -  321 words
    • 110 7 Reuter KAPIL DEV, one of the world's leading all-round-ers, has set off for India's tour of England seeking his first test win as captain to complete his cricket triumphs. Kapil Dev will be out to end a sequence of 20 tests as
      Reuter  -  110 words
    • 330 7  -  By WALTON MORAIS PETER LEE capped a strong back stretch charge with a birdie on the final hole to win Changi's AGM golf competition on Saturday. The 12-handicapper carded a plus-four total to win on countback from Maung Yu Swan and Ricardo Tio in
      330 words
    • 63 7 STEVE DAVIS and Jimmy White lined up a world snooker championship quarter-final collision in Sheffield on Saturday, with Davis tipping the winner for the title. Davis dismissed Welshman Doug Mountjoy 13-5 and White eased home 13-8 against John Parrott, to set up a first
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    • 517 7  -  By BRIAN MILLER IT RAINED at Ipoh yesterday. But for New Zealand jockey Grant Cooksley, Kuala Lumpur trainer Kitson Leong and millionaire owner Dato Chong Kok Lim, it was possibly the best thing that could have happened. After all, what better way to see
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    • 508 7 AFP INTERNATIONAL OLYMPIC Committee president Juan Antonio Samaranch has reiterated his hope that the 1968 Olympic Games would be open to "quality athletes", including professionals. He was speaking at a press conference on Saturday, the day after the Association of National Olympic
      AFP  -  508 words
  • Page 7 Advertisements
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    • 11 7 Ok D\K DfA \V* oo llU<*in <s?<£ %y £$►> ient< :har Irai
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  • FEATURES
    • 981 8  -  By LOH HUI YIN TOMORROW'S special meeting among the six Asean Foreign Ministers in Bali will provide them with a timely opportunity to appraise each other on regional, political and economic issues. One of the more interesting events would be the Asean foreign ministers
      981 words
    • 989 8  -  Letters to the Editor Donald F H Sinclair Dear Sir, Re: (1) Orange Grove Property Pte Ltd v Associated Asian Securities (Pte) Ltd (2) Coselmarine Ltd v Associated Asian Securities (Pte) Ltd (3) Ecko Wood Products Pte Ltd v Associated Asian Securities (Pte)
      989 words
    • 248 8  -  Peter Lim Dear Sir, With reference to the article headlined "SBC finally phases out part-time newsreaders, except one" (BT April 14), it is irresponsible reporting at its worst. The writer started off by making sweeping, often-used generalisations about the types of SBC programmes without being
      248 words
    • 180 8 Dear Sir, As a member of the accounting/auditing profession which has always striven to maintain a "professional image", it is disheartening to note that "kampong politics" have now been brought into play for the purpose of the forthcoming SSA election. Soliciting letters of all kinds
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    • 217 8 Dear Sir The letter (BT April 24), "Tardy settlement irks small trader", stirred a chord in my memory of a friend of mine who set up a small but high-class restaurant in a business district of a UK city. His clientele consisted mainly of
      217 words
  • Page 8 Advertisements
    • 111 8 50... YOU THINK YOU KNOW ALL ABOUT wcci»>m xt m vol 10 m < APRIL IS* MONTHLY > PHARMACEUTICAL fc. GROWTH: TOO BIG A PILL TO SWALLOW? COST OF OWNING NA HORSE l>j\drc»m or l>a>dr«'»m »r iC ntijh«mi«re? THEN ANSWER THESE QUESTIONS: Why is the plug pulled on viable companies
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  • Page 8 Miscellaneous

  • THE ARTS
    • 661 9  -  By MONICA GWEE "PLENTY ANIMALS," said the young man charmingly if ungrammatically about Yao Dixiong's art. He was one of many curious people who strayed onto the exhibition area at the Australian High Commission last Wednesday. Every five minutes or so, Yao
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    • 583 9  -  By MARIE DAVID IT IS QUITE AMUSING to watch the Singapore Broadcasting Corporation being frequently booked for its attempts at live English football coverage. Lady Luck simply refuses to smile on our broadcasters. The one thing they did teach at the SBC training
      583 words
    • 591 9  -  By TSANG SAU YIN ONE OF THE toughest jobs in amateur production is to take a group made up of different levels of acting ability and give the audience the illusion that each member is of equal ability on
      591 words
    • 326 9  -  By MAX COMMANDER IT WAS NOT everybody's idea of a jolly Saturday night out judging by the acres of empty seats at the Victoria Theatre. Maybe there were rival attractions but I half suspected that Else Paaske's choice of Gluck's Aria: Che Faro Senza Eurydice
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  • Page 9 Miscellaneous
    • 1148 9 to cm mm A WOMAN OF SUBSTANCE 9.30pm, Channel 5 Emma marries Joe Lowther (John Duttine) in spite of her love for David Kallinski (Joris Stuyck). As her business expands, she becomes totally involved with her business, leaving little time for her husband. When he is killed during World War
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    • 658 9 CRYPTIC PUZZLE ACROSS 1 A fatal furnishing 3 (5) 6 Soft and noble person (5) 9 Went out with a girl who told fibs (7) 10 Vex a girl and some boys (5) 11 SiHy fellow who gets the pub in a state (5) 12 Very good satin producer (5)
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  • INTERNATIONAL STOCKS
    • 169 10 Reuter INSTINET has completed the sale of a minority interest to Reuters Holdings PLC. The company said Reuters bought 400,000 newly issued Instinet common shares, or 800,000 as adjusted for the two-for-one stock split approved by shareholders at Thursday's annual meeting, and three-year
      Reuter  -  169 words
    • 56 10 Reuter REUTERS Holdings PLC has elected Robert Maxwell and Richard Storey as directors at the company's annual meeting in London on Friday. Mr Maxwell is the chairman of Pergamon Press Ltd and of British Printing and Communications Corp PLC. Mr Storey is the chairman and chief executive of
      Reuter  -  56 words
    • 327 10 APR 26 A|«>omoto Ako Amodo Asohi Chem Asohi Gloss Bonk of Tokyo Bndgestone Canon Ccrs«) Yen 1590 380 895 820 1230 775 621 1160 1590 30 -10 7 -6 -50 -15 10 20 -10 Mitsub Elec Mitsub Estate Mitsub Heavy Mitsui Mitsui Ship Mitsui Smelting Mitsukoshi Mitsumi Murata NEC
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    • 306 10 Reuter WALL STREET share prices edged higher at the close on Friday, as another IBM gain boosted a sluggish market. Analysts noted investors continued their shift from interestrate sensitive and blue chips into technologies. IBM rose 1"4 to 159 "2. The Dow Jones industrial
      Reuter  -  306 words
    • 140 10 APR 25 Abitibi Ale an c* 25H 43H unch mco Int Prov Pipe lu Int) I9H 43H 22* H unch Algomo Bonk Mont 17Vi 34H -H -H Lobtaw B 26 S -H Bonk Nova Scotia Bel Canada I4H 40H unch Bp Resources Brascon OA Con Imp Bk Conpoc 25H
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    • 188 10 APR 25 Rond Trust 8k 140 -5 INDUSTRIALS Wooltnj A Alpha Abercom 1100 205 ioeo -15 5 MININGS 4350 25 525S Angvaol ***** 100 AMIC 3800 75 Blyvoor 1640 -10 1560 10 Butt els 6700 75 2800 50 Chortef 490 unch 1025 unch Edgars IIOOOS De Beers 2370 30
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    • 681 10 An 25 US$ Ale on Akirran 31* Alcoa 41 unch Aleg lot) 22*4 Afted S>9 51* Allted Stores 40* AfcsChotmerj 5* Am Broods Inc 87V. •1* Am Con Co 72* Am Cyanorr»d 71** 1 Am Elec Pwr 27* Am Express 62* -1* Am Home Prod 85 Am Motors
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    • 799 10 Amsterdam Aft 25 Fh ABN 582 00 4 Aegon 109 50 1 3 Ahoid 7700 -1 Akzo 169 00 -0 5 Alrenta ***** +0 1 AMEV 84 90 0 2 Amro Bonk 103 20 0 4 A»s Stod 129 00 unch Berk el 3100 -0 1 680 00-5
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    • 139 10 Reuter SHARES of Black and Decker Manufacturing Co have risen on speculation that a leveraged buy-out group or outside bidder may be preparing a bid for the company, according to traders and analysts. Recently the stock fell to nearly the lowest level in a year,
      Reuter  -  139 words
  • Page 10 Advertisements
    • 129 10 #r T" -K •> U! O>F m y w 9 s mp APRIL Imagine pink, tender salmon freshly grilled, smoked, panfried or poached. Each an exquisite creation from our Chef. With wines by the glass to perfectly complement your selection. A Cafe Vienna Supplement ■5 <r r > Royal <2*
      129 words
    • 139 10 International Buffet Att $10.50* ONLY y i J* ST. M V. lb! V w* I> FERN TREE CAFE The Fare: Besides a sumptuous international buffet, come and savour our air-flown oysters from New Zealand at $1.25* per piece. Daily from 11.30 am to 2.30pm. The Price: An appetizing $10.50* for
      139 words
    • 175 10 f Top band nbwan The* 5 vngng mnhMjua UnMad <wnor*n r Japan Ttirvmaaous group comt*rmtfw» irmcJUIt'tHMIH supe<t> tfwwmansrup (O gMT top ctitt the* charming rvncftDon of Engtoft. Mandarin Japanese. V 1a From is January 1966 to end of June M 0 4ppp«ngitau tuntj w« you w«h trw Operating hours 800pm
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    • 137 10 Cherry Blossom Time FURAMA It's Cherrv 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
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    • 153 10 The Milan market was closed last Friday. Stockholm prices were not available. London stocks on page 15 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
      153 words

  • INTERNATIONAL COMPANY NEWS
    • 348 11 UPI UNION CARBIDE Corp has assured stockholders the chemical giant is ready and able to "slug it out" in spite of doubts raised at its annual meeting about plant safety and company finances. Officials faced sharp questions last week about
      UPI  -  348 words
    • 162 11 Reuter HONEYWELL INC is expected to introduce a new 32-bit minicomputer this summer. This, combined with other (actors, may help reverse the earnings decline it suffered in the first quarter. But chairman Edson Spencer said: "The outlook for the short term is tough."
      Reuter  -  162 words
    • 271 11 NYT TWO MAJOR American airlines, Northwest and Trans World, have reported losses for the first quarter. TWA's loss widened to U*****.6 million in the quarter from $74.3 million the year before. NWA Inc, which is the parent of Northwest, said it had
      NYT  -  271 words
    • 713 11 Opportunities for faster growth Reuter GENERAL ELECTRIC Co's planned acquisition of 80 per cent of investment banker Kidder Peabody and Co Inc will take the company further into business areas that offer opportunities for faster growth than its traditional manufacturing businesses, according to Wall
      Reuter  -  713 words
    • 615 11 Reuter VOLKSWAGEN AG's deal with Ing C Olivetti Co SPA of Italy, announced last week, is a positive move for VW that opens up the possibility of cooperation between the two companies in the longer term, according to share analysts. Under the agreement, which requires
      Reuter  -  615 words
  • Page 11 Advertisements
    • 660 11 Si 9 T t m 8s /hp For delightful dinners with popular focal flavours. Enjoy dinner with popular local flavours. Our "Singapore Delights" Buffet is packed with "mouthwatering favourites that will definitely get your appetite going Buffet Dinner is at SSl4.oo++ per person. The Luna Coffee House. We've got a
      660 words
    • 203 11 Food Room Package Fey luncn or dinner. you get 3 Oishes ano a >ouo an genuine Peking ft &chuan cuiKne (Shar* Fin delicacy includedi A room is prowled tor your soec-ai cetetxetior Wtietner it's wedding anmveraary or otf>er occasions sS" s •V As part of Our Anmirersery ce'efcraNon we're giving
      203 words

  • RAW MATERIALS
    • 243 12 AFP SUGAR EXPORTERS have grudgingly agreed to a modest price increase offered by the European Economic Community, according to participants in a ministerial meeting between the EC and the 66-member African, Caribbean and Pacific (ACP) states in Bridgetown, Barbados. The 13 r Third World
      AFP  -  243 words
    • 406 12  -  By MICHAEL NEILL STANDARD CHARTERED Bank has won the scramble for the International Tin Council's (ITC) limited assets, leaving only few crumbs for the banks which Standard Chartered led in the negotiations towards the now defunct "Newco" tin rescue package. The ITC has
      406 words
    • 105 12 Reuter INDONESIA, the second largest producer member of the International Tin Council, will not accept any court ruling requiring it to meet the debts of the bankrupt group, a mining ministry official has said. The Director-general for Mining, Mr Sutaryo Sigit, said Indonesia will
      Reuter  -  105 words
    • 580 12 Reuter RUBBER INDEX futures, which starts trading in London today, are being viewed constructively by brokers, consumers and producers, traders said. Futures will be traded inter-office, based on a spot index incorporating five different grades of natural rubber quoted in Singapore, Malaysia,
      Reuter  -  580 words
    • 777 12 CURRENCY MOVEMENTS strengthened their hold on commodity trading over the past week as recent distractions, such as the Libyan crisis and talks within the Organisation of Petroleum Exporting Countries (Opec) faded into the background. G«ld: Irregular. Values were supported at the outset by
      777 words
    • 706 12 COFFEE ROBUSTA COFFEE futures remained easier in thin business on Friday afternoon, weighed down by a bearish crop report from Sao Paulo and figures showing heavy ICO exports in the first half of this coffee year. At the close second position July was £38 down at £2,318, in
      706 words
    • 148 12 Chinese Produce Robusta 20/25% Exchange FOB NSW 640 00 Sellers' noon closing prices on Nutmeg Apr 26 (SJ/100 kg). 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 FOB NSW
      148 words
    • 70 12 KL TIN Dote April 21 April 22 April 23 April 24 April 25 Closing prices M$/kg 14 70 14 75 14 70 14 69 14 65 Turnover (tonnes) 42 53 53 33 60 RUBBER Closing prices Date Singapore Malaysia S cents/kg M cents/kg Apnl 21 ***** 195 00 April 22
      70 words
    • 139 12 Reuter A CRISIS of confidence and the sharp rise of the yen have had a more serious effect on the Singapore rubber market than was initially envisaged, the Malaysian Rubber Exchange and Licensing Board said in its latest monthly review. "The conspicuous
      Reuter  -  139 words
    • 210 12 WHEAT FUTURES on the Chicago Board of Trade rallied slightly at the close of a dull session on Friday and finished two US cents a bushel higher in spot May to off a fraction in distant months. The nearby month was supported by the tight cash market, with basis
      210 words
    • 153 12 SOYBEAN FUTURES on the Chicago Board of Trade ranged from 1/2 US cent a bushel lower in spot May to up 1-1/2 cents in distant May at Friday's close. July ended unchanged at U5J5.22-3/4, near the middle of a narrow 2-3/4 cent range. Resurgent foreign currencies against the US
      153 words
  • Page 12 Advertisements
    • 447 12 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND TITANIC ORIENTAL ENTERPRISES (PTE) LTD (Incorporated In the Republic of Singapore) At an Extraordinary Gene- ral Meeting of members of TITANIC ORIENTAL ENTERPRISES (PTE) LTD duly convened and held at 190 Middle Road, #16-03 Fortune Centre, Singapore 0718 on
      447 words
    • 412 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND IN THE MATTER LT ARTWOOD SYSTEM PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of LT ARTWOOD SYSTEM PTE LTD duly convened and held at 20 Maxwell Road #07-10, Maxwell House, Singapore 0106 on Wednesday,
      412 words
    • 454 12 DRAGON LIGHTERAGE COMPANY (PRIVATE) LIMITED (Members' Voluntary Winding-up) FINAL MEETING OF SHAREHOLDERS Notice is hereby given that the Final Meeting of Shareholders shall be held at 102 Upper Cross Street, *09-05 O.G. Building, Singapore 0105 on 29th May 1986 at 5.00 p.m. The purposes of the final meeting are: 1.
      454 words
    • 295 12 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 185 AND IN THE MATTER OF HENLY CAR ACCESSORIES PTE LTD (la members' voluntary liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act Cap 185 that the final meeting of members of the above-named Company will be
      295 words

  • MARKET REVIEWS
    • 5703 13  -  M I) v Singapore I'll By LORETTA McLAUGHLAN THERE SEEMS to be more activity in the grey market last week than there was in the real one. From Monday to Friday, volume remained dismally poor as dealers searched for a scrap of fresh
      5,703 words
    • 316 13 l ,ok, V" 4 AFP SHARE PRICES on the Tokyo stock market suffered a moderate 68.73 yen loss in the Nikkei Stock Average in erratic trading amid the yen's steep appreciation against the US dollar last week. The key barometer of the market,
      AFP  -  316 words
    • 729 13  -  Week ended April 25 compiled by JULIANA TAY SCRIP ISSUES Matsushita: Proposed bonus issue of one-for-ten. CORPORATE DEVELOPMENTS The TRIAL of Malaysian businessman-politician Ton Koon Swon, scheduled to beam on May 5, has been postponed to August Stockbroking firm Lin Securities' senior partner, Mr Lm
      729 words
    • 1115 14 Signs of waning in bullish euphoria m j| ew FT THE WEEK began on Wall Street with share prices hitting new peaks in the wake of the last Friday's half-point cut in the discount rate. But by midweek, there were clear
      FT  -  1,115 words
    • 229 14 s v dne v SSj j Reuter AUSTRALIAN sharemarkets ended the week easier as profit-taking in industrial stocks and a weak resources sector cut into the record gains made in the previous week. The All Ordinaries Index, which closed the previous week at a record
      Reuter  -  229 words
    • 125 14 BCI IN MILAN, an initial lull was swiftly brushed aside and the race to new peaks given a further boost as investors, foreign and domestic alike, surged back into the market with unbridled enthusiasm. In the end, the BCI AllShare Index had notched up a
      BCI  -  125 words
    • 689 14  -  T7 j I Hongkong M By TONY MEASOR HONGKONG has been hit in the past week by Cathay Pacific fever with queues on Wednesday as the populace sought its application forms. Cathay Pacific has been priced at HK$3.BB per share and there are a mere
      689 words
    • 1014 14 |rcrD| London s A FT REACHING for the dusty old book of City folklore last week it had to fall open at the "Sell in May and go away" maxim. The phrase hardly epitomises fundamental investment analysis techniques but it is hard to
      FT  -  1,014 words
    • 537 14 WW is K.Lumpur IT WAS yet another lethargic week at the Kuala Lumpur stock market last week in the absence of any positive development to boost sentiment. And with the buyers hardly letting their presence felt, share prices continued their downward drift to
      537 words
    • 162 14 CSZ AFTER the long weekend (Sechselaeuten Monday), the previous week's favourable trend continued on through Tuesday with high volume. However, investor scepticism resurfaced on the news that the US had once again lowered the prime rate, which in turn put more pressure on
      CSZ  -  162 words

  • Page 14 Advertisements
    • 414 14 Hn ifl, I i I Ifl s] HSS PAN MALAYAN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) The Board of Directors of Pan Malayan Holdings Limited wishes to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 ST DECEMBER 1985 Turnover including investment Income of Profit from sale of quoted
      414 words

  • COMPANY NEWS
    • 638 15  -  Lukewarm response from brokers By RAMESH CHANDIRAMANI THE STOCK EXCHANGE of Singapore has granted a minor concession to the hard-pressed stockbroking industry by waiving the quarter percentage point levy on profits made on all arbitrage deals. In a circular despatched last Friday to
      638 words
    • 580 15 THE TAT LEE group of companies, comprising Tat Lee Bank, Pan Malayan Holdings Ltd and Tat Lee Finance, has turned in poor results for fiscal 1965. Tat Lee Bank, the flagship of the controlling shareholder Goh family, reported the worst results
      580 words
    • 419 15 IMATEX Bhd, which will own 37.6 per cent of Gula Perak following the latter's proposed financial reconstruction scheme, has been granted a waiver from making a general offer by the Foreign Investment Committee. Imatex will reduce its stake in Gula Perak
      419 words
    • 1025 15 Reuter SHARE PRICES closed mixed last Friday after a firm start, on technical buying in reaction to Thursday's sharp falls. Dealers said the early interest soon faded, leaving equities off their highs and lower in some places. Thursday's declines were partly on disappointment with ICl's first quarter 1906
      Reuter  -  1,025 words
    • 211 15 MOTOR-BASED Cycle and Carriage Bintang Bhd reported a group pre-tax loss of M 514.6 million for first six months ended March 31, 1986, compared with a pre-tax profit of $11 million previously. During the six month period, turnover was more than halved to
      211 words
    • 63 15 Reuter INDONESIA'S state oil company Pertamina has awarded a production-sharing contract for oil and gas exploration on Madura island, just east of Java, to Jasmine Northern Petroleum services of Brunei. The contract calls for Pertamina to act as the operator of the 1,643 sq km
      Reuter  -  63 words
    • 389 15 THE INSURANCE Corporation of Singapore, which suffered a sharp drop in its domestic business, is planning to launch new product lines this year. Its chief executive, Mr Lock Sai Hung, told BT that there are plans to introduce medical insurance and non-life products
      389 words
  • Page 15 Advertisements
    • 758 15 BS' 'ft Tfc TAT LEE BANK LIMITED (Incorporated in the Republic of Singapore) To All Shareholders The Board of Directors wishes to announce the following:1988 1984 The Bank The Group The Bank The Group srooo. 88'000e SS'OOOs SS'OOOs 1. AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1985 Net Profit
      758 words

  • 239 16 Reuter LIBYAN LEADER Muammar Gaddafi has said US air raids on his country could lead to a third world war. Gaddafi said in an interview published yesterday the April 15 raids were an indirect attack on the Soviet Union and might
    Reuter  -  239 words
  • 164 16 MR CHIAM See Tong, secretary-general of the Singapore Democratic Party and MP for Potong Pasir, yesterday commemorated the opening of his party's new office in his constituency by planting a tree, Slerculia Noblis, which the Housing and Development Board had described as unsuitable and would
    164 words
  • 382 16 THE NUMBER of people on the waiting list for Housing and Development Board flats fell to about 51,000 at the end of March this year, almost 20 per cent less than the 63,013 at the end of March last year. Contributing to
    382 words
  • 61 16 MALAYSIANS generally want a wage freeze and feel civil servants should not get a pay rise. In a street poll conducted by the New Straits Times in Kuala Lumpur, more than 80 per cent of 42 people interviewed were against higher wages for government employees in view of
    61 words
  • 416 16  -  By LEE HAN SHIH, Property Correspondent PRIVATE developers last year completed 1,154 projects at a construction cost of $2.92 billion, with almost 60 per cent of the money spent on residential propips Ministry of National Development data showed that 2.86 million square metres of private
    416 words
  • 182 16 Reuter EXILED former Philippine president Ferdinand Marcos told supporters by radio yesterday he would one day return ta his country and they should mobilise for a mass rally on May 1. The broadcast from Hawaii was relayed by loudspeakers at a Manila parte
    Reuter  -  182 words
  • 414 16 NYT KICKBACKS in the awarding of subcontracts by big US military contractors are widespread and institutionalised and present far more of a problem than generally believed, according to investigators for Congress and law enforcement agencies. Crackdowns on kickback rings have resulted in dozens of
    NYT  -  414 words
  • 75 16 neuier LESTER PIGGOTT confirmed yesterday that he will come out of retirement to ride Tate Gallery for Irish trainer Vincent O'Brien in next Saturday's 2,000 guineas classic at Newmarket. Piggott said in London: "When Vincent asked me to ride on Friday, I was flattered and decided
    neuier  -  75 words
  • 260 16 UPI CAPTAIN MIDNIGHT, a video pirate in the US apparently upset over the scrambling of pay TV satellite transmissions, interrupted nationwide satellite distribution of a pay television film network yesterday with a televised protest. In what was apparently an unprecedented interference with such satellite transmissions
    UPI  -  260 words
  • 114 16 AFP A WOMAN jumped into a river bent on drowning herself but had second thoughts because she found the water so polluted, a newspaper in Taipei reported on Saturday. The United Daily News said the 32-year-old woman, identified only by the surname Liu,
    AFP  -  114 words
  • LATE FILE
    • 42 16 Reuter A BRITISH tourist was shot dead yesterday in an apparent guerilla attack while visiting a site revered as Christ's burial place in Arab East Jerusalem. Israeli police identified the dead as Paul Appleby, aged about 25.
      Reuter  -  42 words
    • 52 16 Bernama THE Philippines is scheduled to receive nearly US$2 billion in fresh loans and grants from the IMF and the country's 483 foreign creditor banks. The English language Philippine newspaper Inquirer yesterday said part of the aid will come from governments such as Japan and the
      Bernama  -  52 words
    • 43 16 Bernama MALAYSIA and Thailand have finalised discussions to set up a joint authority to develop gas resources in their common sea boundary area in the Gulf of Siam, said the Minister in the Prime Minister's department yesterday. Bernama
      Bernama  -  43 words
    • 41 16 Reuter SAUDI ARABIA wants Japan to step up investments in the kingdom with joint ventures. Minister of Industry and Electricity Abdul Aziz al-Zamel said yesterday that his country is seeking more investments and Joint projects. Reuter
      Reuter  -  41 words
    • 39 16 Reuter PALESTINE Liberation Organisation chairman Yasser Arafat arrived in Cairo yesterday for what he said were important talks with Egypt's President Hosni Mubarak on Palestinian issues and to meet a UN fact-finding committee. Reuter
      Reuter  -  39 words
    • 37 16 Reuter IRAN'S 1.6 million civil servants are to receive compulsory on-the-job military training to maintain the momentum of the country's 5 Vi-year-old war effort, said the official news agency Irna yesterday. Reuter
      Reuter  -  37 words
    • 36 16 Reuter PRESIDENT Babrak Karma! did not address Afghanistan's Revolution Day parade yesterday, fuelling speculation that he was either ill or out of favour with Kabul's main ally, the Soviet Union. Reuter
      Reuter  -  36 words
  • Page 16 Advertisements
    • 473 16 Get your free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available. 1. Should accountants be allowed to advertise the two viewpoints 2. Insurance broker under provisional liquidation 3. Fewer unionised workers laid off 4. Strong recovery in ringgit might
      473 words
    • 449 16 I Identifying Training Needs Singapore, June 16 20, 1986 v Objectives To enable delegates to develop the skills of identifying training needs and so improve the effectiveness of their training design. Who will Benefit? Training managers, officers and analysts who are called upon to analyse training needs within their companies
      449 words
  • Page 16 Miscellaneous
    • 57 16 ?*);-(<&$%)>&/;-'$&}&/%~?.:!\>' Outlook for today: Showers over several areas from noon, clearing in the late afternoon. Rep ort for 24 hours prior to 7.30pm on Apr 27 at the airport: Maximum temperature 30.2 Associated humidity 78 Minimum temperature 25.5 Associated humidity 94 Hours of sunshine 2.05 Rainfoll in millimetres 3 Rainfall
      57 words

  • SHIPPING TIMES
    • 132 17 THE BUOYANT trans-Atlantic trade has attracted another new entrant. Nedlloyd has announced that from July 1 it will launch a new trans-Atlan-tic service using four multipurpose ro-ro vessels. These vessels will serve the ports of Bremer haven, Felixstowe, Rotterdam, Le Havre, New York, Norfolk and
      132 words
    • 129 17 AFP MITSUI OSK Lines (MOL) of Japan forecast a gradual rise in tanker freight rates thanks to stepped-up scrapping of surplus tankers which reached a record 30 million deadweight tons last year. In its annual report on the shipping market, the shipping firm forecast that
      AFP  -  129 words
    • 450 17 Bernama THE KELANG PORT Authority (KPA) is confident its revenue in the current year will not be adversely affected by the privatisation of its container terminal, KPA general manager Hashir Haji Abdullah said. He said that although container operations accounted
      Bernama  -  450 words
    • 364 17 Reuter THE INDIAN government has proposed the import of about 700,000 ldt of ships for scrapping in 1986/87 ending March 31, well below the shipbreaking industry's installed capacity of more than two million ldt, government and industry officials said. Harshad
      Reuter  -  364 words
    • PORTSIDES
      • 93 17 Reuter HYUNDAI CORPORATION has offered to help finance development of the eastern Indian port of Paradip to help it handle iron ore ships of up to 170,000 dwt tonnes, Indian Minister of State for Transport Rajesh Pilot said. A loan for dredging and construction would be repaid
        Reuter  -  93 words
      • 46 17 Reuter DAEWOO Shipbuilding and Heavy Industry Ltd of South Korea has won a US$Bl million contract from Heerema Shipping Co of Tlie Netherlands to build two barges, Daewoo officials said. The vessels will be delivered between October 1987 and January 1988. Reuter
        Reuter  -  46 words
      • 85 17 Reuter ORDERS PLACED with Dutch shipyards fell to 36,000 deadweight tons in the first quarter of this year from 129,000 in the last quarter 1985, and compared with 128,759 tons in the same quarter last year, the Central Union of Master Shipbuilders in The Netherlands
        Reuter  -  85 words
    • 1387 18 FAIRLY active coal and time-charter fixing featured the freight market on Thursday with no fresh grain fixing seen from the US Gulf to Continent or Japan, shipbrokers said. The fractionally higher level of US$7.l5 was reported paid for coal from Hampton Roads and Richards Bay to Japan, while
      1,387 words
    • 405 18 CONCERN IS NOW being expressed over the possibility that the work of classification societies may be compromised by difficulties in securing adequate indemnity insurance to cover the increased risk of legal actions. Most of the major classification societies have seen their professional indemnity insurance
      405 words
    • 764 18 UNCONFIRMED reports are circulating the second-hand market that two Sanko VLCC's have been sold at about USs4.7million each to unnamed interests for further trading. The vessels are said to be the 273,117-dwt Andes Maru built 1974 and the 273,711-dwt Yoko Maru built 1975. Meanwhile, brokers reported that the
      764 words
    • 313 18 AMERICAN BUREAU of Shipping has decided to broaden the scope of its activities to undertake non-classification, non-ma-rine work. At the 142 th ABS annual general meeting recently, its chairman and president Mr William N Johnston said: "What we are striving towards, is the substantial expansion
      313 words
    • 865 18 AB Shpg V 5 Accord Shpg VI 3 Afeo Line VI 3 Ahrenkiel Liner X 1 AC Toepfer X 5 Anro Service IV 3/4 Arrow Lines X 4 Atlas Line X 3 ANL 1 1/2 APC Lme V 4 APL III 2/3 ASCL IN 1 Balt-Conada Lme
      865 words
    • 85 18 AFP NORTH KOREA called for talks to discuss a South Korean navy attack on a trawler last week which Pyongyang said left two crewmen dead and four seriously wounded. Pyongyang radio said the North Koreans had asked for a meeting of the military armistice
      AFP  -  85 words
    • 207 18 FT HARLAND AND WOLFF, the state-owned Belfast shipyard, has won the fierce battle with Swan Hunter on Tyneside for the £100 million plus contract to build the first of the new support ships for the British navy. However, the government has
      FT  -  207 words
    • 219 19 THE FALL IN world oil prices has meant an effective reduction in freight rates in the Australian liner trades. Rates to North America and Europe have eased by 8-19 per cent while those charged on routes to South-east Asia and the Far East by
      219 words
    • 436 19 Lloyd's List A US$65O million takeover bid by CSX, the second largest US railroad group, has been welcomed by Sea-Land. The US container ship operator has been fighting off the unwanted attentions of Texan businessman Mr Harold Simmons for almost a year.
      Lloyd's List  -  436 words
    • 380 19 Reuter THE WORLD'S first bulk refined sugar ship was unveiled in Dunkirk, France by its joint owners, the international commodity trading group E D and F Man and the Australian transport group TNT Bulkships. The specially refitted ship will greatly
      Reuter  -  380 words
    • 72 19 Reuter JAPAN AND CHINA will share the cost of repairing an undersea telephone cable broken by ships dropping anchor on it, the New China News Agency said. It said the cable link between the two countries went into operation in 1976 but stopped
      Reuter  -  72 words
    • 132 19 AP UNION PACIFIC Railroad will provide "K" Line with part of a transcontinental route between Long Beach, California, Chicago and New York, the railroad announced. The three-year contract was signed in Los Angeles by Hiroshige Matsunari, managing director of "K" Line;
      AP  -  132 words
    • 187 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
      187 words
    • 4774 20 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are
      4,774 words
    • 842 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 Leise Ms 8606 28 4 86 2330 Maersk F5 1430-1530/1330-1430 Al/Bl 1230/1330 Fl Mont Blanc b/ I 61/706 ***** 0700 MOL F1 1300-1400/2130-2300 B8/B8 Oasis
      842 words
    • 343 25 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure Keppel Frotodurban Hinglai Pokarti Tiga Iran Vojdan S of Tripura Mahan Shun Oh K18 K3I K34 K35 K33 K18 K10 Merlion E Maritime Sunship Sinose Jumabhou OC Int'l Kawasaki alongside alongside alongside alongside 28.4/0800 28 4/1200 28 4/1630 28
      343 words
  • Page 17 Advertisements
    • 678 17 OkuhIXMS OIK 1M V 1 )i( u< »ii,n\ OOCL Orient Overseas Co*daim\ Line STRAITS EUROPE fXPRESS SERVICE iarome shtpmg agencis (*n n». hum/ ooki 70 SKenton Way #04 03 Manna Hons* Singapore 020/ Id *****11 TELEX NO RS ***** CFS OFFICE IPC #***** Td *****31 and *****32 Terminal office TPC
      678 words
    • 67 17 CONCERN IS NOW being expressed over the possibility that the work of classification societies may be compromised by difficulties in securing adequate indemnity insurance to cover the increased risk of legal actions. Page II A US$65O million takeover bid by CSX has been welcomed by Sea-Land. Page 111 Index to
      67 words
    • 1333 17 7// f A TZwWu vZ* IN SINGAPORE: 778-6522 PROFESSIONAL INTERNATIONAL FREIGHT FORWARDING MALAYSIA. 755-8955 /&7-L/M MAERSK LINE w FAST TRANSIT TO MIDDLE EAST SINGAPORE/DUBAI 8 DAYS SINGAPORE/DAMMAM 9 DAYS SINGAPORE/BAHRAIN 10 DAYS SINGAPORE/KUWAIT S pore EXPORT TO USA. EUROPE. MIDDLE EAST. WEST AFRICA ASIA 'Singapore Clown CY 28/4 1500 MRS
      1,333 words

  • Page 18 Advertisements
    • 354 18 STRAITS FEEDER YAMASHITA-SHINNIHON LINE TRANS-PACIFIC SERVICES Atlantic/Canada Feeder at Kobe r-rMinMCT ll' 111 —II IHTTWEM DCT!DMBiISnB P738 SESir^^BmiMlDnß LCL Cargo for USA Ports. 'Portland via Soattle aagggg MIDDLE EAST Full Container Service (A member of Oasis Consortium) TRANS SIBERIAN SERVICE Weekly Container Service icceptrt FCL ihjxnenh to: Iran. /Ufhanßtan, E.
      354 words
    • 223 18 Supercarrier Service i'a ct^l NEXT ARRIVALS BARBIR PERSIUS 30/4 BARBtR TOMSK RG 27/5 25/4 24-27/4 1/5 1/5 11/5 4/5 13/5 1215/5 11/5 2V/5 11-22/5 25/5 24-27/4 1/5 1-3/5 4/5 12-15/5 11/5 IS-22/5 25/5 CAMKAft Arutoa Curacao Brideetown Phrtipsbwi, p ot Spam. Hamilton. Kimston. St Jo<ws Bass* Tore. Castries, fort lie
      223 words

  • Page 19 Advertisements
    • 958 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd Overseas Containers Limited CONTAINERSHIP SERVICE TO UK/CONTINENT Br em dam 22/5 19/5 27/5 M/ 5 04/6 05/6 12/6 13/6 21/6 22/6 21/6 21/6 •5/7 06/7 13/7 14/7 21/7 22/7 29/7 30/7 Also Accepting Cargo For: Hantvt to Copertafen. Gothenbwi Rotterdam to
      958 words
    • 962 19 FOR SALE MARINE SAFETY EQUIPMENT Very good condition, less than 2 years, all unused. 4 unit* Toyo 20 man liferaft Firafighting suits c/w mask Breathing apparatua c/w bottle Various sizes fire extinguishers Lifebuoys Life Jackets CALL. *****55 YUSOF OR EILEEN Ttmur Carriers Pte Ltd Franco Belgian Services gSs r ~.1
      962 words

  • Page 20 Advertisements
    • 452 20 Hapag-Lloyd TO CONTINENT/UK EXPORTS FROM N. CONTINENT &UK IMPORTS ffburj B*ha«en Rdan Lihame S'lon Awerp Neit Ports HK. KHH hk urn HR. KHH NR. KHH Ml. KHH HK. Km HK. MX m. Km m. Km wt. Km > Agents SEGANI< S Sntapore *****66 K. Lumpur *****25/8/1, *****19, *****49 Bortim *****78
      452 words
    • 154 20 M S LINE FULLY CONTAINERISED SERVICE TO EUROPE via KOREAN CHANCE »W SEVEN SEAS BMDGE 55* MERCATOR 3IW C. I TOKYO 4N IfHjnf I dun 19/5 20/5 26/5 27/5 2 6 3/6 9,6 10/6 Fstwra H'burf Antwerp 22/5 24/5 27/5 29/5 31/5 3/6 5/6 7/6 10/6 12/6 14/6 17/6 FROM
      154 words
    • 672 20 /jf/ Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** &RS ***** EASTERN CAR I INI R. I I I). INTERMARITIME LTD K Kiubalu (Sub Alent) Tot *****0 Jakarta (Sub Aftnt) Tefc (***** REUNION/SOUTH AFRICA SERVICE DIRECT MONTHLY SAILINGS KK KM Stan 9 PK PI REU
      672 words
    • 669 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) US WEST COAST FEEDER VSL SGP MOTICR Wl MI EVER CORK 8/5 OBKT 31/5 not gome 1/5 ewr growth ewr comc «/5 nam# Ettl GATOR 15/5 DMECT 7/1 EVER CATtO 15/5 EWR GRADE EVER CAT*R 15/5 MP»N ALLIANCE
      669 words

  • Page 21 Advertisements
    • 752 21 v PACIFIC INTERNATIONAL LINES »V\ 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 YOK KOB KEE S«M StiM Sailed Sailad SaU«d Sailad 29/4 29/4 1/5 4/5 9/5 7/5
      752 words
    • 245 21 THONG SOON AGENCIES PTE. LTD. #09-07, Robina House, S pore 0106 Tel: *****88. Telex: RS ***** BOOKING: *****88 (DIRECT LINE) SINGAPORE TO PENANG SINGAPORE TO SABAH PORT •JENHOI SKK 10/86 •JENHOI SKK 11/86 •EQUATOR IV SIB 5/86 5 May K. Kmabalu 14 May K Kmabalu 3 May Labuan SINGAPORE TO
      245 words
    • 840 21 BLC BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTMENT EXPRESS CONTAINER SERVICE FROM UK/CONTMENT Frank twt Eipress Safed 10*10 Eipress SiM Kit mo Maru Sa4rd Osaka Bay 76 4 Bremen Eipress 4/5 Kootoon Bay 12/% Rhne Maru li b City of EdUufh 25/5 FranAtwt Eipress 1/i B HAVEN R DAM
      840 words
    • 554 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURL LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE Spare Bfcaoßremen Adam/Rdam Ldn Hamtwi OCEAN PWMA V4WB S-7/5 4/5 7/S 11/6 L.J. BONTANG VBWB 9-11/5 10/S 14/6 16/6 21/6 S pore Genu Bfcao Le
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    • 430 21 BOUSTEAD SHIPPING AGENCIES Pagan V9BM Htoneywa V/ 211 Paan V9SK BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon PKeUng 10/11 May (P. Gudang) 9/10 May (P Gudang) 20/22 May A BANK LINE EXPRESS SEMTCONTAINER SERVICE northbound tome sporf roam hui «bc THAIASSM MAN* 12/5 10.6 IS/t MEWJONBM*
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  • Page 22 Advertisements
    • 1146 22 K USA CANADA ATLANTIC COAST (Round The World Service) KAWASAKI KISEN KAISHA, LTD. C R TOKYO V3E/0. FREEDOM V 8 OCEAN LEGEND V 2 MARIA ¥10/0 PATRIOT V 29 N lADE V 2 PACIFIC NORTH WEST PACIFIC COAST PACIFIC SOUTH WEST PACIFIC NORTH WEST FEEDER VSI SP PK PN SP
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    • 726 22 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers l tfllfi P Aetang FSTFtIIPPFR ft Api i 61AHAR 13 May FSIFCIIPPfR ?8 Mj, (H*N r «0*o 71 Apr Mrlb I tf<n Sydn Ij Mai 22 Mj» ?0 Mj, 1. M., ?6 Ma* Md. 6 lun 16 lun 14 lun >: i u
      726 words
    • 767 22 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD ?3 TtM A»er Street sautraM 0104 m SMWM <10 IMS> STRAITS/PERSIAN GULF SERVICE: GOlttN MM tfloTtn/ *jrachi Dub* Doha Minn GOIKN HAWN Colombo Hiijch. Bombay Dut»> tn Mir ft ft Mi> CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC OF CHINA SEMI-CONTAINER/
      767 words
    • 481 22 INTRASEA (PTE) LTD. 10 Anson Road #27-16 P<a?a Smqapore 0207 Tel *****1 1 (10 L.nesl <► BREAKBULK SERVICE TO EUROPE/UK S pare P. KetanfPen AM* LA *****08 10/S 12/5 STEPOV *****07 14/5 11/5 ROT/ANT/Iff (AWN)/BELFAST SETE/ROT/ANT/UK AVON A f e«h Smtipoe MTRASEA (Pit) LTD BOOKNG *****11 Lumpur BMTANG SMTPMG CO
      481 words

  • Page 23 Advertisements
    • 686 23 U-NOL NEPTUNE ORIENT LINES LTD Ajenti Sport NEPTUNE ACENCES PTE LTD let No office lerranal CfS BOOKHGS *****77 EE EU AUST TP*/** *****77 *****22 *****53 OR DMECI UNES *****53 *****42 t Bahru HARPER WRA SON BHD 23(100 P Keiang HARPER »WRA SON BHD *****01 *****4J P lava HARPER WRA SOM
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    • 305 23 spow agints NIPTUNI AGFNC4S PTf 1 TO Tel ?***** 7/?*****4 (Bookings! ????SlO (Operatwm) ????487/??09?84 (Ternwul) ??0?4M) *****04 (CfS) M»| «»SIA A&INIS TUNAS SfTIA SOW BHO K1 Trt t> PK IH *****4 PTNIH *****5/*****b Ss\ CEYLON SHIPPING CORPN National Line of Sri Lanka FULLY CONTAINERISED SERVICE TO COLOMBO. ARABIAN GULF, RED
      305 words
    • 450 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD EFFECTIVE APRIL 23, 1986 OUR NEW TEL NO. *****33 (REGULAR INDEPENDENT SERVICE) ODESSA OCEAN LINE FULL CONTAINERSHIP SERVICES LOADING FOR MEDITERRANEAN PORTS DtSCHARONG FROM MEDITERRANEAN PORTS S pore PKl*>l Penanf Naples Leftarn Genoa MV GERCH MONKADY VOY Be/86 27/04 28/04 29/04 21/05 19/05
      450 words
    • 125 23 3" K& S LINE JAPAN STRAITS SERVICE SANKYO LINE (S) PTE. LTD. 37. Somerset Ro*d. #06-01. Nfl T*ow Yh— Bldg S port 0923 T«l 235 S4-4.4 (4 Port Krlanf Tifa P»u Shopmj Sdn Bhd Tel 03 38 < >0.'4 S Penanj Malaysia Irade Transport ltd Tel 04 61 7893 Pas*
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  • Page 24 Advertisements
    • 384 24 if REGIONAL CONTAINER LINES TO BANGKOK (4 WEEKLY SAILINGS) 5551 G3ZIB SKI BHUM SEA DRAGON Sat/Sun 110 11/5 11/5 THANA BHUM SKI BHUM Thu/Fri 15-16/5 Sat/Sun 17-18/5 E35 OSES SS2 ill' U* lii ira..?i TO SOUTH THAILAND I 081 inin (i > j I ii' .'.■nuCTlEajii iinimMn/a —1M li m\
      384 words
  • Page 24 Miscellaneous
    • 190 24 I I Regional Weather m i C i m '■£k to w> \ZA m m m 5S M .-•S i 39 Ar sS i S Ss* mmsz SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c^' Wmd direction with speed in knots Wove height LEGEND PTu Temperature °p
      190 words

  • Page 25 Advertisements
    • 239 25 PROMPT SHIPPING LINE SA. KOlMt MOUTHY HO SEWCt TO HIST WTBCAH TOUTS CTA STOK HUMGHN CMEEK lOtti May 0»«ndo Mw Ttma. Dm Mala*. Mi* C«akry CHMHU CMfUI 25th May MataA Dm*. li|*» Ink. WEN CHANG 81IWPINQ A ENTERPRISES PTE LTD 10 ANSON ROAD #27-15, INTERNATIONAL PLAZA, SINGAPORE 0207 TEL: 221*531,
      239 words
    • 385 25 WORLD LINE EXPRESS REGULAR SERVICE JAPAN/HONGKONG/STRAITS ALSO ACCEPTING CARGO TO PORT KELANG AISO ACCEPTME CARGO TO POUT KELANG VESSELS SPORE P KELAWG OMENTAL BEAU *1 35 May 1/J Ih» «/5 GOLDEN LAKE Wl-IM May 13/15 May 1«/17 Sa.WCS LAKE NLI43 May 25/27 May M/M BLUE SHAM *127 to. 4/C to.
      385 words
    • 349 25 SINGAPORE *****11 (12 Lines) TELEX RS ***** FRTMAN PENANG 04-*****7/*****4 TELEX: MA ***** FRTMAN PORT KELANG 03-*****07/8 TELEX: MA ***** FLEKUL LOADUG FOR SYO, MELB, AD€. BR IS, FRE, BROOME. P HE DC AND, DARWN AUCK, WELL, N PLYMOUTH. C'CHURCH, NAPCR. LYT'LTON WEST EAST COAST. GULF PORTS NLAND POINTS HSNKANG,
      349 words
    • 75 25 CHMA WHTIOWM. FORBGH TKAtt TMHSWRTATIOH cow.. Singapore/China Direct S«rvices>« in+t fm m tMMU 1-5/5 6—**■■• MV RUfiy 15-H/5 mv lowK n-a/i Hum MV NMCNC »-»/5 Sw**«. tav M ttmfa Cj» Sabftl hjhwglg SIN CHIAO SHIPPING AGENCY PTE LTD T»l: *****61/2 Tlx: ***** REGULAR SERVICE TO INDIA VESSEL ETA LOAONG FOR
      75 words
    • 286 25 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ft ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG *AT ATTRACTIVE RATES* SPORE PRELAW PENANG PERARANG BELARRN TOMER GLORY M 9 U*4 12/4 11/4 G SELATAN Vlll V-31 SjM IS/4 17/4 6 VESSELS OF LOG CARRERS 5 VESSELS Of BRAND NEW TWIN DECKERS
      286 words

  • Page 26 Advertisements
    • 485 26 fQwsmm wsrasasr P KEIANG PtNANG FOR 9/10 toy 11/13 May UK ITM. HBG. BHVM ANP BANGKOK FO* ki Port FM. WE. BHVN. ANP, HUll 9/12 May «G BHVN. kW HUll AGENTS: LEO SHIPPING PTE. LTD. SINGAPORE *****22 FARYS MARITIME SERVICES SDH BHD KUALA LUMPUR: *****3/*****1/*****0 PORT KELAHG: *****1/3«2571/M2590/3»«1 MALAYSIA TRADE
      485 words
    • 504 26 HEAP SENG TRADING SHIPPING PTE LTD 6001 BEACH ROAD #13-01 GOLDEN MILE TOWER SINGAPORE 0719 TEL NO. *****44 (3 LINES) TLX NO. RS ***** HEAPCO II CONTAINS SERVICE TO PORT KELANG/PENANG FULL CONTAINER SERVI VESSELS <0T HO ANSON V4SMS ANSON WS7K ANSON V4SU6 ANSON MMtt ANSON V4«OM ANSON VMIM sron
      504 words
    • 721 26 C.Y. LINE (A Member Of The ACE Consortium) CHO YANG SHIPPING CO. LTD FULLY CONTMKKKED SERVICE 10 EUROPE (V» SUEZ) KOMM CHANCt 21* SfKN St AS BRDGf »N ICRCATOR m tHarvt Adam Ftlovt KW| Brnti Antwerp 20/S 23/5 24/5 25/5 27/5 24/5 27/5 21/5 31/5 1/4 3/t 2/4 3/4 5/(
      721 words
    • 967 26 vmmm% I COMPANIA PERUANA DC VAPOREES (C.P.V.) d I "PERUVIAN STATE LINE" I nading tor CaHao Mdtarani Ito toil all other Peruman ports »th transhipment at Kobe On CPV Through Bills ot Lading to I'M destination Penaof* P Ketant Sinfapore MANOLOEVERETT GdnJ27/29 Apr JOHNEttRETT 11/12 May t MURRAYEVERETT 23/25 May
      967 words
    • 303 26 ZIM NON CONFERENCE WDEPEHttNT FULL CONTAKR SERVICE tee*** FCL/LCL A WESSCI UK |2M MONTHU WSSfI IVKIZMMONTKM k KSSU 16 5 M A VESSEL ?4 SM |2N SAVMMH ZIM EILAT CONTAINER LINE s« cut n vet its w m STOK 1/5 15/5 21/5 M/ 5 X/ 5 27/5 m TMESU 13/5
      303 words