The Business Times, 6 May 1986

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 TUESDAY, MAY f, 1986 75 CENTS
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  • 464 1  -  Move to expand production, set up development centres By JEFFREY TSANG TIMES ARE TOUGH for American electronics company National Semiconductor worldwide. But that has not prevented it from wanting to investing $50 million to expand production facilities in Singapore and to set
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  • 485 1  -  By CHAN OI CHEE DIRECTORS of financially troubled companies will not be able to hide behind a court-ap-pointed Judicial manager if there is no hope of rescue. Finance Minister Dr Richard Hu warned that problem companies will not be able to resort to
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  • Article, Illustration
    85 1 SHARE PRICES led by leeal trnstae slseks mnltasiil Is heM staady tar the seeeni esnseentlve trading day yesterday. Tamever stamped to a mere 4J2 ■eat In weeks. Ike Straits limes Industrial Index gained tM petals to etase at illJfr whOe the BT Cemnaalto Index added 1.97 pstats to
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  • 131 1 AP MUCH OF THE billions of dollars the US spends on foreign aid quickly returns to it. According to the US General Accounting Office (GAO), the budgetary watchdog agency for Congress, the money returns in the form of purchases of US goods and of
    AP  -  131 words
  • 349 1 THE GOVERNMENT believes it has made sufficient changes to Section 149 of the Companies Act which automatically disqualifies directors of two or more companies that have gone into insolvent liquidation within a five-year period. But while Finance Minister Dr Richard Hu outlined four
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  • 331 1 ECONOMIC PROBLEMS caused by the plunge in oil prices are likely to lead to a delay of nine months to one year in piping natural gas from Malaysia to Singapore. Although officials from both countries had said last year that a bilateral agreement was
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  • 452 1  -  By SOH TIANG KENG, Financial Correspondent THE WORLDWIDE oil slump has left the Export Credit Guarantee Corporation at Singapore with a US$25 million headache over guarantees issued on sales of oil rigs. ECICS chairman Herman Hochstadt warned in his annual statement
    452 words
  • Page 1 Advertisements
    • 145 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM A A Before 'Link' Specialist in HAIR WEAVING HAIRCARE At Link Hair Care we put back that extra link in your hair, helping you to restore that natural look again. We will link your hair with LINKS (where you've lost yours) and you will
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    • 258 1 rtoofti on Back Pmm SHARE MFORMATON MONEY A EXCHANGES RAW MATERIAL* AIRCRAFT SCHEDULE TV RADIO BRMTOW OUR VIEW OIL PRICES ARE TOO VOLATILE for the good of the world economy. Stability could only come when prices are at a level which equates supply with demand. What that would be, nobody
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    • 0 1 '/"^/(]/|:^!!*[?}!.~@;"-:=_?>-`
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    • 172 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM CPA's share balloting CATHAY PACIFIC Airways's share offer of 226 million shares to the public, the largest in the history of the Hongkong stock market, was a runaway success, according to the promoters. The offer to the public was 55.4 times over-subscribed. Another 132
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  • HOME NEWS
    • 520 2  -  Individual contributions to movement will be recognised By ANNA TEO WORKERS and managers who have translated innovative ideas and schemes into tangible results (or their companies will be given recognition this year. Announcing the National Productivity Awards (NPA) for individuals, Mr Bob Tan, the
      520 words
    • 503 2  -  By SAID ABDULLAH FALLING oil prices are expected to lead to a further decline in intra-Asean trade this year, a visiting fellow at the Institute of South-east Asian Studies (ISEAS) has forecast. "Since petroleum trade forms more than 60 per cent of intra-Asean trade, the
      503 words
    • 287 2 DISMAL SALES of vehicles continued for motor traders into March which saw a GO per cent decline compared with a year ago. The drop led to 53 per cent lower sales for the first quarter of the year, against the
      287 words
    • 72 2 THE Association of Women for Action and Research (AWARE) is bedding a forum on the role of the man in minding the home. The forum, open to all members of the public, will be led by Evelyn Wong, Dr Koh Tai Ann
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    • 122 2 ONLY HALF the expected crowd turned up for the Bth Homemakers '86 exhibition but they spent a record $5.4 million $1.5 million more than the organiser's target. The nine-day show at the World Trade Centre, which ended on Sunday, attracted 87,340 visitors who had the opportunity to see
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    • 200 2 A SEMINAR to encourage clothing manufacturers to automate as a means of easing the labour shortage faced by the industry will be held this Friday. Organised by the Nanyang Technological Institute (NTI) and the Singapore Textile and Garment Manufacturers' Association (STGMA), the
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    • 170 2 MADAM Chen Muhua, the State Councillor and Governor of the People's Bank of China, will meet Dr Richard Hu, the chairman of the Monetary Authority of Singapore today. Madam Chen arrived from Manila on Saturday for a five-day visit. On Sunday, she toured
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    • 499 2  -  #y MARTIN SOONG TURNOVER of white goods giant Electrolux in Singapore is expected to grow strongly this year. This follows its expansion into the service industry through the recent purchase of First Asian Supply and Services, an industrial and commercial cleaning services company. Singapore-based
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    • 311 2 CHARLES B BCUBNEB has been appointed the senior vice-president of Bank of America's newly opened South-east Asian regional office in Singapore. Mr Scribner will be responsible for the bank's operations in Singapore, Malaysia, the PhQipptaies, Thailand and Indonesia. He will oversee the direction, formulation and implementation of
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    • 57 2 REEL FOOTAGE of major productivity events will now be screened for managers and supervisors. The National Productivity Board has launched a video series of successful productivity programmes and productivity-related issues conducted in Singapore. The bi-monthly video series called Productivity Newsreel, will also feature productivity
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    • 487 3  -  By LUCY NG A SECOND FACTORY to cope with stronger demand is being planned for Singapore next year by The West Company, a leading US manufacturer of plastic and metal components for the pharmaceutical industry. West Pharmapack, its whol-ly-owned subsidiary in Singapore, expects demand to
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    • 491 3  -  Developments provide $424 m worth of contracts By LEE HAN SHIH, Property Correspondent PRIVATE DEVELOPERS started work on 2,107 houses, flats and condominium units last year, and this will provide $424 million worth of work for building contractors. Starts were made on 1,071 landed properties.
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    • 408 3  -  By BRIAN GOMEZ SINGAPORE'S oil refineries have found a new niche as the "swing refiner" in the region, the Acting Minister for Trade and Industry said yesterday. The refineries have taken on the task of coping with sudden changes in regional
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    • 119 3 ABOUT 360 delegates from 30 countries will meet in Singapore from this Sunday to May 16 for the 13th Congress of the Council of Mining and Metallurgical Institutions. The CMMI Congress, which is held once every four years, will focus on the theme "The
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  • Page 2 Advertisements
    • 113 2 A > jC At Pete's Place, we know that during the day you like to put your nose to the grindstone. (It's also one of our favourite tricks.) So come lunchtime, you don't want to waste time waiting for your lunch. Our staff are very fast, and they'll serve up
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    • 21 2 W J A Changing the way the world does business. Training improves your nan Let BT show you how every Wednesday.
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    • 75 2 GB Building When less means more. a ■j M 191 Notice the vast, unobstructed space io the floor plan above. Notice the absence of columns and odd, unusable cornen This is a typical floor plan in GB Building. It allows you total creativity in office planning. A rare instance indeed,
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  • Page 3 Advertisements
    • 897 3 m CONDOMINIUM Luxurious Townhouse* (470 sq.m) Maisonettes (268-312 sq.m) Apartments (152-191 sq.m) In one of the most sought-after condominiums, available for sale as an investment with good rental return. j» Large swimming pool K- Clubhouse 2 Squash courts Tennis Court y e Saunas In a secluded, elevated location V surrounded
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  • OVERSEAS
    • 826 4 ARRIVALS Operator S«rvK( mtmbor Local tMM From SIA UA CAL sv MAS MAS MAS MAS SIA AC CPA RBA sv GIA SQM7 UA805 C1341 SV398 MH601 MH68I MH811 MH671 SO 103 AC858 CX710 BM2I SV399 GA960 0005 0010 0255 0440 0720 0820 09)0 0920 0950 0950 1015
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    • 184 4 AP KURT WALDHEIM, campaigning against allegations that he hid a Nazi past, collected the most votes on Sunday but (ell short of the 50 per cent necessary to win Austria's presidency. He faces a June 8 runoff against Kurt Steyrer. Interior
      AP  -  184 words
    • 163 4 UPI THE MAYOR of Rome has ordered the formation of a special garbage collection squad to scour the streets for wrappers from McDonald's and other hamburger restaurants doing a booming trade in the city. The burgeoning trade in fast-food hamburgers and French fries has
      UPI  -  163 words
    • 416 4 EC and America differ on role of major powers TOKYO SUMMIT AFP THE TOKYO SUMMIT countries differed yesterday over how to achieve closer coordination and monitoring of national economic policies as a means of bolstering world growth, trade and monetary stability. European Community
      AFP  -  416 words
    • 263 4 NYT THE US economy slowed in April as production, inventories and employment declined, said the National Association of Purchasing Management. In its monthly report, based on a survey of 250 corporate purchasing managers, the association said production levels decreased from the high
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    • 190 4 Reuter LEADERS of five summit nations shuffled, mumbled and stared at the ceiling under the glare ot television cameras when the French and US presidents left them waiting at the start of a grand reception on Sunday night. After a few minutes of easygoing
      Reuter  -  190 words
    • 337 4 NYT THE SOVIET UNION has invited the head of the International Atomic Energy Agency to visit Moscow to discuss the accident at the Chernobyl nuclear power plant. The agency's director-gen-eral, Hans Blix, and two other senior officials arrived in Moscow yesterday. Western diplomats said
      NYT  -  337 words
    • 629 4 ON STORMY NIGHTS, when the rollers pound the beaches of the fashionable French summer resort of Biarritz, many inhabitants close the curtains, reach for their phones and dial 01-28-62. That is the number of the world's only televideo club, an enterprise that
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    • 351 5 UPI SAUDI ARABIA is unlikely to let terrorists obtain the US$354 million worth of advanced missiles it seeks to purchase from the US. The finding by the General Accounting Office (GAO) conflicts with the assertions of leading congressional opponents of President
      UPI  -  351 words
    • 94 5 Reuter PAKISTANI opposition leader Benazir Bhutto has threatened to mobilise her masses of supporters against the government if General Mohammad Zia-Ul-Haq did not set a date for fresh elections soon. Miss Bhutto, who drew about a quarter of a million people to a rally in
      Reuter  -  94 words
    • 196 5 AP PEOPLE SHOULD NOT be forced to support Marxism, the Chinese Communist Party theoretical organ has said. "Relying on political authority or administrative means to force ideas on people will not yield good results," the Red Flag magazine (Hongqi) said on Friday. "Coercive means should
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    • 210 5 UPI SYRIAN President Hafez Assad has said he would use his influence to discourage terrorist acts in Europe, but approves of such attacks against Israel. The West German news magazine Der Spiegel said on Sunday that Mr Assad assured West German Foreign
      UPI  -  210 words
    • 442 5 AFP PRESIDENT Corazon Aquino needs massive foreign aid, honest and dedicated technocrats, a new set of priorities, rural peace and lots of luck to revive the battle-scarred Philippine economy, analysts said. As she tackles her toughest assignment after 10 weeks in power, economists
      AFP  -  442 words
    • 197 5 Reuter PHILIPPINE and foreign business leaders said they are concerned that a government move granting workers more leeway to strike could hurt business and discourage investors. The Employers Confederation of the Philippines, Ecop, said in a statement that a May Day speech by President Corazon
      Reuter  -  197 words
    • 337 5 AP WHEN NIGHT FALLS on the old French colonial blocks, Hanoi's youths trade work uniforms for trendy outfits, hop on their bicycles and head for packed discos and coffee shops blaring the latest American rock music. Traditional pastimes such as the theatre still
      AP  -  337 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 97 5 144 Canadians have a refreshing approach to life We're enterprising. Enthusiastic Energetic And we bring these attitudes to our airline We look at every aspect of the business of business travel. From checkin to check-out And where we can, we do things a different, better way We're succeeding too. We've
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  • Page 5 Miscellaneous
    • 89 5 Doonesbury Sat UJHAT I'M SAVING HERE, JCUW? MANYBLACRS ARB TIREP OF HAVING ALLOWANCES MAPS FOR THEM. JVS DEMEANING! G/NNY WONT AGREE, SINCE SHE U/ORKS IN THE U.S. ATTORNPfS OFFICE, BUT THE CML RIGHTS WAR IS OVER. IVSTIMEWBGOT ONturmnrf r 0. m v m i! *S M BY GARRY TRUDEAU 111
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  • BANKING AND FINANCE
    • 472 6 Reuter THE US remains at odds with developing nations over policies of the Asian Development Bank (ADB) in spite of growing support for US-backed efforts to bolster the region's private sector. Sources said US concern that the balance of power on the bank's
      Reuter  -  472 words
    • 305 6 THE NEW GROWTH areas for finanHal Institutions will be the subject of a conference jointly organised by Times Conferences and Business Times at the end of this month. The conference, Growth Strategies for Banks and Financial Institutions in the late 1980s, will be chaired by
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    • 497 6  -  Sang Karicil is BT's financial futures trader. Every Tuesday, DAVID GABRIEL traces Sang Kancil's tactics and strategies on the Singapore International Monetary Exchange. The starting capital was 5525,000, a sum within the reach of most professionals in Singapore. DAVID GABRIEL WITH ONE WEEK to
      497 words
    • 426 6 Reuter DEMAND FOR securities that will be auctioned in the record US treasury refunding operation this week will be the key to the nearterm trend in interest rate futures, say financial futures analysts. And many analysts are sensing that demand for the
      Reuter  -  426 words
    • 120 6 Reuter BRITAIN and China will begin talks this week on almost £200 million worth of unpaid debts Incurred by Chinese governments before the communist takeover in 1949. The British embassy in Beijing said the discussions on unredeemed bonds would last a
      Reuter  -  120 words
    • 67 6 Reuter THE RESERVE BANK of India has cut interest rates by between 0.5 and one percentage point on foreign currency deposits held in Indian banks by Indians living abroad. It cut rates on one-, two- and threeyear deposits to 8.5, 9 and 10 per cent from
      Reuter  -  67 words
  • MONEY AND EXCHANGES
    • 561 6 SINGAPORE The US dollar closed sharply lower yesterday against most major currencies in moderate and nervous trading. The dollar opened sharply weaker following the absence of news from the Tokyo economic summit on concerted intervention on the foreign exchange markets, but recovered slightly in early afternoon on some
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    • 223 6 Interbank rates at 3pm yesterday: Local dollars to OM WMt Of for— 90 Md Offer a roee parity US dolor Sterling pound Australian dolor NZ dolor Canodkm dolor 2.1990 ***** 1 6206 1.2776 1 5969 ***** 3 3759 1 6236 1.2815 1 6000 2.8196 7 3469 3 4286
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    • Article, Illustration
      360 6 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels in quiet afternoon trading yesterday. Dealers said news that the group of seven finance ministers in Japan agreed that there was room for further interest rate cuts over time had little immediate effect on the market. Short-dates and period
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    • 319 6 BA Futures EURODOLLAR futures yesterday opened lower than last Friday's close. After opening one tick lower at 93.17, the June contract slipped to the support level at 93.15. But the afternoon session saw the market edging to a high of 93.24; it finally settled at 93.20. Currency futures gapped
      BA Futures  -  319 words
    • 166 6 HONQKONQ: The metal closed firmer yesterday on a weak US currency but trading was quiet and thin. Bullion finished at U*****.85/343.25 an ounce against an initial $342.70/343.20. This compared with last Saturday's close here of $342.30/80 and New York's last Friday finish of $342.90/343.40. On the local market, gold
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    • 126 6 THE OVERNIGHT rate on the Singapore interbank money market fell by 3/4 point from last Friday to close at 4-1/2 per cent yesterday. The one-month term rate remained unchanged while the two and threemonth rates rose by 1/16 point each. S$ Interbank rates at 7pm yesterday: OH« t<d
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  • Page 6 Advertisements
    • 282 6 How to Implement A Company-wide Cost Control Programme July 7 9, 1986 (3 days) Key Topics Making an analysis of your Workshop using system competition techniques Successful examples of the Selecting specific targets for cost programme reduction control How to sell the programme to top FbtentiaJ problems management Criteria for
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    • 20 6 a 3 f* 10 FULL COURSE DINNER. FROM $168 (10 persons.) Our specialities: Live Seafood Steamboat Chinese Western Cuisine .1.(7],
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  • WORLD BACKGROUND
  • Page 7 Advertisements
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    • 209 7 Hongkong Bank opens the door to business opportunities i. i in China. I longkongßank s C 'lima I \sk can help you make inroads into China. ()ur special Ik s ami business eon nee t ions with that countr\ are mtwe than .1 eentui old. And, in more recent limes,
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  • FEATURES
    • 509 8 WE HAVE been warned that low oil prices, if they continue for too long, could put the Organisation of Petroleum Exporting Countries back in the driver's seat. You could have guessed that that warning came not from a friend of Opec. It was George Keller,
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    • 2131 8  -  The world's rubber industry was spawned from just 12 seedlings smuggled out of Brazil. ANGELA CLARKE relates the fascinating tale of events which led to the technological breakthroughs in the use of latex. ANGELA CLARKE TWELVE SEEDS from
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  • Page 8 Advertisements
    • 178 8 A sound investment in your children's future... T I tr\ *<• *1 *5^ 12-Day Tour of 12 Great American Universities for Students and Parents 1 SssBoo per person. Universities to be visited: 1. Boston University 7. Rutgers University 2. Dickinson Colege 8. U.S. Mltary Academy 3. Harvard University (West Point)
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    • 125 8 3* The plantation. Tree after tree. Seeds germinate, new trees grow. Nature runs its course... From these same trees comes a natural solution. Latex. With care, forethought and planning man has found the way to use Latex, sensibly. Its I unique properties help him to attain happiness and j fulfilment,
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  • Page 8 Miscellaneous
    • 46 8 BliStoW: ftanlcliciert ujm#KT P>LL oeesseo up foR? «LSO "Meße-'S SOrneTMiNG FMioor voof?, IsTfeP.... Sr„ W?ESSED UP? NOf>l.Se_MS6.' PtuuJfW' LOOK UKE. TH'S IV U>FM_K. u PkMyuiPy 1 Time to'stop P>nd truc ..r n ie»usv BUn/iMG CL£Rk OF Tvc veAR* oomPei »on feNTR,y Foßrn THIS U>PtRRP*NTS RH INVeSTiG^3|TiOt4
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  • SPORTS
    • 380 9 AP AUSTRALIAN Greg Norman snapped a two-year non-winning string on Sunday with a recordmatching performance in the Panasonic Vegas invitational. He was rewarded with the biggest prize on the PGA tour. Norman, who chased Jack Nickiaus to the Masters title and was
      AP  -  380 words
    • 112 9 AFP DAVID FEHERTY won a play-off with fellow Irishman Ronan Rafferty on the first hole to take the Italian Open title in Albarella on Sunday. The play-off on the 320 m par four 18th saw Feherty sink a birdie while Rafferty could only get down in
      AFP  -  112 words
    • 418 9 AP TOP-SEEDED Steffi Graf of West Germany fought off a match point and a three-game deficit in the second set to defeat No 3 Gabriela Sabatini of Argentina in the women's singles final at the 77th US Open Clay Courts Championships
      AP  -  418 words
    • 216 9 Reuter OUTSIDER Joe Johnson continued his unexpectedly fine form as he fought back from 7-4 down to draw level with fellow Briton Steve Davis at 7-7 in the World Professional Snooker Championship final on Sunday night. Johnson, a former gas worker and part-time
      Reuter  -  216 words
    • 126 9 AP AUSTRALIAN Wayne Gadner rode his Honda motorcycle to victory in the 500 cc Class Madrid Motorcycling Grand Prix on Sunday. World champion Freddie Spencer of the US took the lead from the start and kept it until the 14th lap when he was forced
      AP  -  126 words
    • 492 9  - Dunhill Cup biggest cause for regret By WALTON MORAIS AS HARD AS ONE tries to be kind, it will still be difficult to excuse Singapore's performance in the Dunhill Cup Pacific zone qualifying championship last weekend. The Republic had everything going for it. Home course advantage, a favourable draw and
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    • 220 9 AP GENE LITTLER shot a virtually pressure-free one-under-par 71 on Sunday to score a two-shot victory over Don January in the U*****,000 Sunwest Bank-Char-ley Pride Senior Golf Classic. Littler, who started the day with a five-shot cushion over January, left only a small margin
      AP  -  220 words
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  • Page 9 Miscellaneous
    • 1393 9 to em mm MAN AND MUSIC Compoaer and Court: "Monteverdi at Mantua" B.oopm, Channal 12 Claudio Monteverdi (left) was the most important of the composers who took part in the musical revolution in Italy at the end of the 10th century. From 1590 to 1612, he was on the staff
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    • 662 9 CRYPTIC PUZZLE ACROSS 3 Notes from girls? (5) 8 Lord mokmg love m a born (5) 10 The alternative, smoother piece (5) 11 Cut-price lettuce (3) 12 Name the commanding officer's doctor (5) 13 Old fashioned mugger? (7) 15 Try to state differently (5) 18 On which to be of
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  • INTERNATIONAL COMPANY NEWS
    • 692 10 Reuter EXXON CORP's recent announcement of a plan to slash its workforce by 15 per cent shows that even the world's largest oil company is not immune from the steepest oil price fall in the past 50 years, say industry analysts. Although
      Reuter  -  692 words
    • 207 10 Reuter ROTHMANS, the British tobacco company, has announced its decision to close its cigarette manufacturing plant in Northern Ireland because of a drop in demand following a recent government increase in tobacco duty. The move, which will cut the company's cigarette
      Reuter  -  207 words
    • 204 10 Reuter BANKAMERICA Corp may not close the sale of its stake in its Los Angeles headquarters building until the second half of 1986, but this quarter's profits should still build on the first quarter's US$63 million net gain, said
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    • 171 10 AFP AIRBUS INDUSTRIE, which is launching two new Airbus models for delivery in 1991-92, is predicting a demand for the planes as high as 1,300, the European consortium's president, Jean Pierson, declared in an interview published on Sunday. A sale of 900
      AFP  -  171 words
    • 363 10 Reuter UNICORP American Corp's president Wayne Stemmer thrives on bad news, failing regional economies and overextended and bankrupt property owners. "I love to hear bad news," Mr Stemmer said in an interview. "It creates opportunity." Indeed, Unicorp was built on real estate
      Reuter  -  363 words
  • Page 10 Advertisements
    • 585 10 ma/Z*k mem M IS )r.S> lUlm affli f Unkai Japanese Restaurant Sushi, sashimi, teppanyaki and other famous delicacies from the land of the Rising Sun are prepared by three resident Japanese chefs. Businessman's set lunch from $8.50-H--FURAMA SINGAPORE HOTEL 10 Eu Toog Sen Street. Singapore 0105 Tel 533 3888 y
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    • 136 10 m Lounge rrr pom rim ation I 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 OUT CROVVII
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  • ASIAN STOCKS
    • 357 11 HONGKONG: Share prices yesterday closed mixed after trading in a narrow range throughout the day. The Hang Seng Index finished off 0.70 point at 1,842.44 hut the Hongkong Index edged up 0.04 to 1,146.36. Brokers noted most of the market's funds were locked into the Cathay Pacific public share
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    • 214 11 MAY OS AJ Smear* Mm Kotn "5*60 01 Wl 2.63 -0 02 Kuochan Dav Lh Chang Yuan 1980 0 3 23 90 <0 1 22 90 0 9 29 80 1240 00; 43.80 ■0.4 35 50 0 2 24.20 0 3 1990 03 Chw Hun Ctmtof Qm Hun Fkxjr
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    • 529 11 SYDNEY: Sharemarkets yes- terday closed at record levels, spurred by interest in leading industrial and situation stocks. At the close, the All Ordinaries Index had gained 6.4 points to a record closing at 1,230.7, surpassing last Friday's record close of 1,224.6. The All Industrials Index gained 9.3 points over
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    • 65 11 MAY OS Acop Mining PMM Oriental B Phi Ov«r*«o» 0009 unch 0.015 i#»ch Anglo Phi 0.1850 -0.005 Arkn Con. B 14 50 -0 001 -05 77 50 0.5 Gold 0.0016 ***** San B 41 unch Bovc Petroleum Benguet Con. B First PNI Hdgt Lapanto B 3.50 -05 0 0650
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    • 543 11 Sights set on Sun Chemical of US FT DAINIPPON INK and Chemicals, the Japanese company seeking to acquire Sun Chemical of the US for up to US$6OO million, has a distinctive 10-year history of expansion through takeovers abroad. The strategy is explained by Mr
      FT  -  543 words
    • 186 11 Reuter BRITAIN has won two South Korean contracts, one to provide naval equipment and the other to upgrade a steel mill. According to British Prime Minister Margaret Thatcher, who was in Seoul last week for an official visit on her way to
      Reuter  -  186 words
    • 78 11 Reuter AUSTRALIAN businessman Alan Bond has earned £50 million on the sale of a British cinema group he bought last Monday. Mr Bond, whose yacht won the America's Cup in 1963, said his company, Bond Corporation, sold Screen Entertainment Ltd to Cannon Group for
      Reuter  -  78 words
  • Page 11 Advertisements
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    • 188 11 I We're blasting off tonight and every night at Para Wave Discotheque Take off to the stars... groove to the pulsating rhythms spun by the dynamic music makers, Solosa Sound Services. Business Hours A First Drink Charge Weekdays ft Sundays: 9pm 2am; SlO-K Fri, Sat A Eve of Public Holidays:
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      156 words
    • 245 11 I You can taste it with your eyes ~BUSINfSSMAN|S^| 11 INCH (Doily) I $14.00 for 2 persons (4-course Set Lunch) $21.00 for 3 persons (5-course Set Lunch) $28.00 for 4 persons (6-course Set Lunch) $35.00 for 5 persons (7-course Set Lunch) A la carte authentic Sichuan Cuisine also available Cater
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  • RAW MATERIALS
    • 575 12  -  Company to write off 10.7 m due to failed Indonesian deal By MICHAEL NEILL A LONG festering sore innate Lyle's Asian operations is about to erupt within the next few months when the 1982 sugar contract dispute with Indonesia comes to final arbitration, v Tate
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    • 386 12 Reuter LOCUSTS are threatening to ruin crops in the West African state of Mali, taking over where the destructive effect of 10 years of drought left off. Mali's government and aid donors have mounted an emergency campaign to kill larvae expected to emerge
      Reuter  -  386 words
    • 411 12 AP POISONOUS TOADS the size of dinner plates have turned the tables on Australian sugar cane farmers who imported them from South America more than ,50 years ago. The toads, brought in to fight a beetle plague, have become a plague themselves. Colonies of ugly
      AP  -  411 words
    • 148 12 Chinese Produce Exchenge Sellers' noon closing prices on May 5 (SS/100 kg). Coconut oil Bulk FOB 50 00 Old drum FOB 63 00 New drum FOB 67 00 Copra Mixed (loose) 28 buyers Pepper Muofok White FOB NLW 1190 00 Sarawak White FOB faq NLW 1175 00 Sarowak
      148 words
    • 169 12 MALAYSIAN crude palm oil prices closed unchanged yesterday to higher on late covering interest in line with the rebound in palm oil futures, after an uncertain start following a weaker Chicago soyoil futures close last week. Trading was thin throughout the day as operators stayed on the sidelines
      169 words
    • 147 12 AFP THE WORLD price of copper might rise in the next few months due to the shrinking supply available at the London Metals Exchange and likely labour trouble in the US copper mines, according to Chile's Copper Commission. The commission has reported that
      AFP  -  147 words
    • 188 12 AP THE International Coffee Organisation voted last Friday to penalise member countries that sell coffee more cheaply to nonmembers. An organisation official said that two resolutions to implement penalties were passed by the necessary two-third majority of exporting and importing countries. Chairman William Omamo, Kenyan
      AP  -  188 words
    • 471 12 UPI A WEEK AFTER the Soviet nuclear plant disaster, analysts believe the impact on agriculture in the Soviet Union and nearby countries will not be great, but say consequences must be monitored over time. Dairy cows and milk, as well as water
      UPI  -  471 words
    • 281 12 Reuter CHINA'S rubber consumption is likely to grow to one million tonnes in 1968 from an estimated 680,000 in 1965, stimulating a rapid rise in its natural rubber imports. A study by the Malaysian Rubber Bureau showed that China's rubber usage will rise
      Reuter  -  281 words
    • 99 12 TIN M the KLTM fell six eeato from last Friday to MH4.4» a kg yesterday. Initial offerings were high doe to accamelattoa •ver the weekend, bat sellers withdrew as prices fell belsw $14.51. Turnover was 17 tonnes compared with <1 tonnes last Friday, with scattered Malaysian and Japanese
      99 words
    • 171 12 SINGAPORE The market closed quietly higher yesterday with June One RSS buyers quoted 163£> cents a kg, up 0.75 cents from last Friday's close. The morning session recorded a rise of 0.75 cents on some covering of nearby positions in quiet trading. Prices were little changed from lunch-time levels
      171 words
    • 312 12 RAS prices in S cents/kg, FOB in boles NOON CLOSE Buyers Sellers Buyers Sellers tnt 1 RSS Prompt 166 50 167 50N 166 25 167.25N Int 1 RSS June 86 163 50 164 00 163.25 163 75 lot 1 RSS July 86 164 00 164 50 *****
      312 words
    • 108 12 (cents/kg, 1-ton pollets) g£ JULY 86 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 154 00 156 00N 154 50 156 50N SSR 50 151 00 153 00N 151 50 153 SON MRELB Buyers Sellers Buyers Sellers SMR CV 208 50 2I050N
      108 words
  • Page 12 Advertisements
    • 262 12 NOTICE OF PREPAYMENT The Mitsubishi Bank, Limited. Singapore Branch U. 5.530,000,000 Callable Negotiable Floating Rate Dollar Certificates off Deposit No. *****1 to *****0 issued on 6 June 1983 Maturity 8 June 1987 Callable in June 1986. Notice is hereby given that in accordance with Clause 3 of the Certificates of
      262 words
    • 360 12 IN THE MATTES OF THE COMPANIES ACT, CAP. 18$ AND CHUA BOCK KWEE aCM M a 'M ujßh |T (iMwrpmtH la Ike Btfikße af At an Extraordinary General Meeting of members of CHUA BOCK KWEE ENTERPRISE PTE LTD duly convened and held at 190 Middle Road. #16-03 Fortune Centre, Singapore
      360 words
    • 386 12 NOTICES EB SINGAPORE PTE. LTD. MBMBBBB'VOLUNTABT LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on the 28 Apr 1966 the following special resolution was duly passed: "That the Company be wound up voluntarily and that Messrs Quek Shi Kui and Kaka Singh be and are
      386 words

  • SHARE INFORMATION
    • 4012 13 TRUSTEE STOCKS led by Singapore Bus provided some sparkle to an otherwise listless stock market, which closed on a slightly better note yesterday. Only 4.22 million shares valued at $6.89 million changed hands, the thinnest in weeks, compared with last Friday's 4.66 million
      4,012 words
    • 215 13 SINGAPORE Rims m reis 200 +30 sry"'" Sim Bm 304 420 OUI 242 +14 ■JO**" Nm 440 +10 MST 370 +10 "JOev out 170 +8 uoi i*o ?!*-r B s ri...n ii4 +s S2?"L_ UOL S2 +6H ©•s 476 +6 S**—». I«y Dk» 191 +6 tiitmlu H
      215 words
    • 2272 13 BID and offer prices nfflrlally Kited sad bodnta la aad reported to the Stock Exchange of Stegapore ytirrier with the of dares traded dnn te brackets la lots of 1,000 units imlf otlmwtee specified, an Time Settlement Contracts are quoted after the ward "SETr\ Big
      2,272 words
    • 116 13 HONGKONG Hong Kong Index Monday 1146.35 Friday 1146.31 Week ogo 1148 34 Hong Seng Index Monday 1842.44 Friday 1843.14 Week ago 1848 65 TOKYO Nikkei Average Monday Closed Friday ***** 44* Week ogo ***** 93 TSE Index Monday Closed Friday 1252 72 Week ogo 1248 11 SYDNEY All
      116 words
    • 51 13 MALAYSIA BUILDING Society Mi: 16th AGM at the Board room, 12th Floor. Wisma MBSB, 48 Jalan Dungun, Damansara Heights, ***** Kuala Lumpur od today at 11.30am. SHANGBILA HOTEL T lmdU4 25th AGM in the Orange Hibiscus Room, Shangri-La Hotel, 22 Orange Grove Road, Singapore 1025 on today at
      51 words
    • 233 13 Monogerj' prKU for May 6 Singapore Unit Trust The Commerce 077 082 The Sovings Fund 060 0.65 S'pore Prog Fund 030 032 S'pore Sec Fund 050 0.54 S'pore Invest Fund 0 45 048 S'pore Epurfy Fund 034 036 Asia Unit Trust Mol Invest Fund 1 05 1.15* Mol
      233 words

  • COMPANY NEWS
    • 1053 14  -  By CHAN OI CHEE TWO of the local Big Four banks which have Just released their 1985 annual reports expect the current recession to last (or a while and are restructuring their operations to maintain their competitive edge. United Overseas Bank (UOB),
      1,053 words
    • 357 14 SHARE PRICES on the Kuala i-wnpir stock market managed to recover some ground yesterday and closed slightly higher although trading remained fairly quiet. Speculative stocks attracted investors' attention to eqd with moderate gains but the rest of the market finished little changed
      357 words
    • 266 14 MBT MALAYAN UNITED Manufacturing's proposal to buy a 51 per cent stake in the Kuala Lumpur Mutual Fund has been called off. In a brief statement to the Kuala Lumpur Stock Exchange, the company said that agreement to take up
      MBT  -  266 words
    • 217 14 Razak Ramli applies for lifting off suspension NST STOCKBROKING FIRM Razak A Ramli has applied to the Kuala Lumpur Stock Exchange for its suspension on trading to be lifted. KLSE chairman Nik Mohamed Din bin Datuk Nik Yusoff said the application was received about three weeks ago and "we're looking
      NST  -  217 words
    • 192 14 Reuter ELDERS IXL Ltd will not appeal against a High Court ruling in London which dismissed its application for Judicial review of a Monopolies it Mergers Commission decision on Elders' bid for Allied-Lyons PLC. Elders chief executive John Elliot said in a
      Reuter  -  192 words
    • 248 14 Reuter ABOUT 38 per cent of the applicants for the Cathay Pacific Airways Ltd offer will receive some of the airline's stock but most will receive only the minimum 1,000 shares. Financial adviser Baring Brothers Asia Ltd said 72,660 of the 199,121 valid applications will be
      Reuter  -  248 words
    • 520 14 (1) Applications for less than 30,000 shores will be balloted on the following basis: Number of eheree Number of Approximate percentage •ppiwa tot Basis of ballot eheree to be allocated of tfrtef eOoceted mm-mm a iniffi ippvito for 1,000 5 out of 100 1,000 5.0 2,000
      520 words
    • 2258 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. MDUSTRMLS Ajinomoto (3.105) AMD (3.285) Akom <0 538 0 545)
      2,258 words
    • 383 15  -  By AMY CHEOK DAH YUNG INVESTMENT LTD, whose 1985 profits fell short of its forecast, has been queried by the Stock Exchange of Singapore again. This time, the SES has asked Dah Yung to provide a breakdown of the major variances,
      383 words
    • 545 15 SINGAPORE BUS SERVICE (1978) Ltd Is continuing with its fleet expansion programme with a further order of new buses this year. This is on top of two new orders made in November last year for 100 double deckers to be delivered gradually from
      545 words
    • 530 15 THE TURNOVER of North Borneo Timbers Bhd (NBT) will be sharply reduced in the current year as it has recently ceased logging operations but the company is looking for new logging concessions, company secretary Chin Kim Chang said. Mr Chin yesterday told Malaysian
      530 words
    • 549 15  -  Flour mill company replies to SES queries By LORETTA McLAUGHLAN PRIMA LTD, the flour milling company with $10.0 million worth of problem forward contracts, is in tbe process of formulating claims against stockbroking firm City Securities Pte and its directors. According to a
      549 words
    • 104 15 J Ballas Co not involved in merger talks J BALLAS A (X) said it was not involved in any merger discussions with either City Securities or Lin Securities. Mr Freddy Lee Thiam Yew, a senior partner of J Ballas A Co, said he had not entered into any discussions with
      104 words
    • 192 15 MR SIM KEE BOON, the chairman of Far East Levingston Shipbuilding, said after the company's AGM yesterday that he did not foresee an improvement in FELS results this year compared with the last. To a large extent, a recovery in FELS's marine and oil rig
      192 words
    • 458 15 THE 1985 RESULTS of diversified conglomerate Multi-Pur-pose Holdings Bhd, doe soon, are expected to show record losses arising from its decision to write down investments in its shipping division, analysts say. Based on their forecasts, MPHB is likely to report group bottom-line
      458 words
    • 197 15 INDUSTRIAL A Commercial Bank LM has requested a temporary suspension of trading in its shares today and tomorrow pending the release of its audited results for the year ended December 31,1986. MR THOMAS JAYASURIYA has resigned as a director of ftartws Ma> AprtTaO. MR MANHARIAL B GATHAN1 has
      197 words
    • 381 15 LAST FULL YEAR c imiiiiqhii Period Dote Year Net EPS Grow Net lest year (cents) dir profit r 000) Mulpho Intl Interim Aug 24 Dec 85 30 738L Federal Flour Interim Sep II Dm 85 27 1 17.5 22,988 S J Amal Interim Dec 19 Mar 86 73
      381 words
  • Page 14 Advertisements
    • 69 14 U5540,000,000 Negotiable Capped Floating Rate U.S. Dollar Certificates of Deposit due Ist November, 1990 The Sqnwq Bank Limited In accordance with the provisions of the Certificates, notice is hereby given that tor the three month interest period from 6th May, 1986 to 6th August, 1986, the Certificate will carry an
      69 words
    • 116 14 NOTICE NOTICE IS HEREBY GIVEN that, I Lim Geok Cherw of No. 502J Kampong Berih Road Singapore 2469 have applied for a Second Class Beer House licence in respect of premises at M/s Orchard Food Alley, 14 Scotts Road #03-77/78/79 Singapore 0922, and that this application will be heard in
      116 words

  • Page 15 Advertisements
    • 520 15 Haw Par Brothers International Limited Notice of Meeting Notice is hereby given that the Seventeenth Annual General Meeting of the Company will be held in the Board Room of United Overseas Bank Ltd, 30th Floor, (JOB Building, No. 1 Bonham Street, Singapore 0104 on Tuesday 27th May, 1986 at 12.00
      520 words

  • YESTERDAY IN PARLIAMENT
    • 468 16  -  By CHUANG PECK MING A SELECT COMMITTEE of eight Members of Parliament, headed by the Speaker, is to make a further examination of the Copyright Bill. In the second reading of the bill, the Second Minister for Law, Professor S Jayakumar, said the select
      468 words
    • 206 16  -  By BRIAN GOMEZ A HIGH-LEVEL ministerial committee which includes a number of permanent secretaries will monitor population trends and formulate policies for government review, says Mr Yeo Cheow Tong. The Minister of State for Health was responding to appeals from MPs against the decision
      206 words
    • 126 16 THERE IS SUPPORT for the government's proposal to allow doctors to remove the kidneys of people killed in accidents if they had not objected in writing, said Mr Yeo Cheow Tong, the Minister of State (Health). Since the Singapore Kidney Foundation launched its campaign in mid-April,
      126 words
    • 289 16 SELLING OR DISTRIBUTING foreign publications which are found to be engaged in Singapore's politics could mean heavy fines or even prison sentences under a new bill presented to Parliament yesterday. The foreshadowed move to tighten government control of the sale and distribution of foreign newspapers
      289 words
    • 45 16 SIX government bills were introduced yesterday. They are: The Land Titles (Amendment) Bill, the Housing and Development (Amendment) Bill, the Newspaper and Printing and Presses (Amendment) Bill, the Stamp Duties (Amendment) Bill, the Census (Amendment) Bill, and the Statistics (Amendment) Bill.
      45 words
    • 112 16 MANAGEMENT corporations of high-rise buildings will be required to establish sinking funds besides the normal management funds under a bill introduced yesterday. Under the Land Titles (Strata) (Amendment) Bill introduced by Second Law Minister S Jayakumar, developers of new developments will also be required to hand
      112 words
    • 361 16 AFTER having had to bear increases of up to 20 per cent in the price of paper this year, printers are now facing a concerted move by merchants to cut their period of credit. This could upset forecasts that the industry would show double-digit growth
      361 words
    • 270 16 A TRADE UNION leader has called on the government to ensure that employers do not take advantage of wage «restraint and lay off workers needlessly. "Whatever wage restraint policy agreed upon must be applied equitably. Management must also demonstrate that the return
      270 words
  • 320 16 Bernama, Reuter MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday called on the governments of the south to stop their own mini arms races. Dr Mahathir also accused the rich north of not consulting the south over decisions taken
    Bernama,; Reuter  -  320 words
  • 81 16 YEN KUM WAH, a «-year-old branch manager of Overseas Union Bank, was charged in court yesterday with criminal breach of trust involving 1530,000. Yen is said to have had control over the money at OUB's Grange Road branch between June 27 last year and March
    81 words
  • 64 16 Reuter COMEX GOLD FUTURES edged up US$O.lO to $0.20 in a minor response yesterday morning to a sharply lower dollar. Gold for delivery in June held a gain of |0.20 at $344.90 an ounce after reaching a high of $MSJO. Spot silver was off 1.4 cents
    Reuter  -  64 words
  • 63 16 Reuter WALL STREET stocks climbed higher yesterday in an effort to halt a four-day losing streak, traders said. Stronger bonds and weaker oil buoyed the market in thin early trading. Utility and oil stocks were active. The Dow Jones Industrial Average rose seven points to 1781 while
    Reuter  -  63 words
  • LATE FILE
    • 51 16 Bernama THE SABAH Election Office has expressed satisfaction with the voting in the 21 constituencies where polling for the two-day state election began yesterday. A spokesman said that, up to 4pm, about 10 per cent of the electorate in the areas involved had voted.
      Bernama  -  51 words
    • 32 16 Bernama MALAYSIA, Singapore Australia will bold an air defence exercise for four days from today. The exercise is the first of two such exercises for the year. Bernama
      Bernama  -  32 words
    • 58 16 UPI A TIME BOMB made a fiery inferno of a US Army fuel depot in Kirchheimbolanden, West Germany, yesterday. There was no sign of who might have planted the time bomb in the army depot and there is no reason yet to as-
      UPI  -  58 words
    • 38 16 UPI NEW ZEALAND Prime Minister David Lange yesterday scotched reports that deposed Philippine leader Ferdinand Marcos and his wife Imelda plan to live on the Cook Islands, 1,600 km north of New Zealand. UPI
      UPI  -  38 words
    • 51 16 Reuter MOSCOW, determined to show that life goes on after the Chernobyl nuclear accident, has pressed ahead with plans for an international cycling race starting from nearby Kiev today. But several countries have withdrawn their teams amid international concern over the radiation leakage from Chernobyl.
      Reuter  -  51 words
    • 40 16 Reuter CZECHOSLOVAKIA has ordered out two Swedish diplomats in retaliation for v the espulshin of five by Stockholm last week. An embassy first secretary and a trade attache have been given 10 days to leave.
      Reuter  -  40 words
  • Page 16 Advertisements
    • 112 16 GO 2)V£ WO] ET King Prawn raviole. prawns. Poached Salmon with You can catch./ more during And as V well know, Gourmet ">1 luxury can to your bank (Prices start as \J Seabass stewed with Scallop Saint Jacques shiitake mushroom sauce these epicurean delights and r our Gourmet Seafood Promotion.
      112 words
    • 149 16 THE SOUTHEAST ASIAN TECHNOLOGY COMMODITIES EXCHANGE FAIR 18th-23rd SEPTEMBER, 1986 IN GUANGZHOU, GUANGDONG, CHINA A rapidly growing mass market in Asia is waiting for your technology and products. The Southeast Asian Technology and Commodities Exchange Fair will be held in Guangzhou on 18th-23rd September, 1986 to provide you with this
      149 words
  • Page 16 Miscellaneous

  • SHIPPING TIMES
    • 247 17 AFTER A WEAK opening month, seaborne cargo through Singapore's ports made a comeback in February. Figures released by the Department of Statistics show that the ports handled 8.2 million tonnes in February, 7.4 per cent more than the corresponding month of 1985.
      247 words
    • 418 17  -  By G DURAIRAJ CONCERNED OVER the decline in the leadership of the Federation of Asean Shippers' Councils (FASC), some of the more active members of the federation are lobbying for Singapore or the Philippines to take over the chair from
      418 words
    • 158 17 Lloyd's Maritime Asia VIETNAM'S export-ori-ented trading policies have given a filip to Singapore's transhipment sector. The Republic has emerged as Hanoi's major transhipment centre handling an average of 15 calls by 13 Vietnamese lines each month. Trade figures show the number of Vietnamese ships
      Lloyd's Maritime Asia  -  158 words
    • 157 17 AFP JAPANESE shipowners suffered estimated losses of 100 billion yen (US$59O million) in the business year ended March 31, industry sources said. The loss was chiefly blamed on non-payment for charter hire by Sanko Steamship Co, the world's top bulk carrier and tanker
      AFP  -  157 words
    • PORTSIDES
      • 36 17 Reuter THE AUSTRALIA to Europe Shipping Conference will change its currency adjustment factor on wool freight rates to minus 0.20 per cent from minus 4.56 per cent, effective June 1. Reuter
        Reuter  -  36 words
      • 99 17 Seatrade Week FRED OLSEN IS returning to the tanker business after an interval of nearly 15 years, chartering two 128,000-dwt vessels, Wangli and Wangskog. "Foreign" investors have bought the two tankers from the Swedish owner Zenit for about US$6.B million each and have chartered them to
        Seatrade Week  -  99 words
      • 114 17 STAR SHIPPING will add four new G-class ships to its fleet this year. The four new vessels are being built at the Japanese shipyards of Mitsui and Kawasaki and will be used to carry container and forest products cargoes from the US west coast to Europe.
        114 words
    • 1247 18 SOUTH AMERICAN grain attracted all the attention before a long holiday weekend as several bulkers were booked, basis European delivery for round voyages via the east coast of South America. Shipmair took the 63,200 dwt Ansgaritor at U553,900 per day basis prompt delivery at Montoir for one east
      1,247 words
    • 557 18 MALCOLM MCLEAN should reconsider the merits of United States Lines round-the-world strategy in the light of anticipated severe first quarterly losses, suggests UK-based magazine Container Insight. It proposes, in its spring review, that the American carrier should sacrifice its US$4O million
      557 words
    • 469 18 THE BATTLESHIP USS Missouri will sail under the Golden Gate Bridge for a recommissioning ceremony and brief get-acquainted visit with its future home port, San Francisco. Navy fans are enthusiastic about San Francisco getting the huge warship, but some citizen groups
      469 words
    • 632 18 AB Shpg V 5 Accord Shpg VI 3 Afeo Line VI 3 Anro Service IV 3/4 ANL I 1/2 APC Line V 4 APL 111 2/3 ASCL «I 1 Bait-Canada Line V* 4/5 Bait-Orient Line VI 4/5 Bonk Line V 5 BBS I 4/5 Ben Line Cont
      632 words
    • 251 18 AFP CHARTERING activity was diverted from the Mediterranean and North Sea sectors on the tanker market to areas where oil prices were more competitive, namely West Africa and the Gulf states area. Demand for large units out of the latter zone was at its "most prolific" for one
      AFP  -  251 words
    • 305 18 EXECUTIVES of Switzerland's big three insurance companies are warning of dire long-term consequences of large damage awards by US courts. All three Swiss Reinsurance, Winterthur Insurance and Zurich Insurance have large operations in the US. "The US Judicial system is unpredictable and often
      305 words
    • 185 18 TROUBLED Rio de Janeiro shipyard Emaq has called on the Brazilian authorities to take positive action to solve its problems. In a note criticising Brasilia's lack of initiative, the Emaq directors say that "in spite of keeping all the authorities informed, we nave not even received
      185 words
    • 194 19 WORK ON a Drachma 4.42 billion (US$3O.3 million) Jetty for the Piraeus container terminal will soon get underway. This will boost capacity at the terminal to 450,000 TEUs yearly. The project, the biggest to be undertaken by the port, was awarded to a Greek
      194 words
    • 381 19 Lloyd's List INTEROCEAN Steamship, the Florida-based parent of US liner shipping operator Lykes Lines, is considering a restructuring of payments resulting from its purchase of Lykes from the LTV conglomerate in 1963. The admission by Interocean, which is controlled by Lykes Bros Inc and
      Lloyd's List  -  381 words
    • 362 19 AFP JAPAN BUILDS half the world's ships, but like many of its competitors, it is suffering from excess capacity in the world market. Foreign orders for Japanese ships are at their lowest level in seven years. In January, one of the
      AFP  -  362 words
    • 145 19 AFP ATTEMPTS WERE being made yesterday to patch up the Indian bulk carrier Jbansi Ki Rani which was successfully refloated on Sunday night, a spokesman for the owners said. The 42,000-tonne vessel went aground on April 26 on the Great Barrier reef off the coast of
      AFP  -  145 words
    • 201 19 THE SEVENTH international Offshore Northern Seas conference and exhibition will be held in Stavanger, Norway in August. The four-day event will focus on the new political, economic and technical opportunities and concerns In the northern waters. Broad and long-term considerations will be
      201 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 Line.
      188 words
    • 114 19 AFP THE JAPANESE fishing boat Otori Maru in, which was accused of fishing in Argentina's 200 mile zone in the South Atlantic on Saturday, dropped anchor in Bahia Blanca, escorted by Argentine navy ships. The boat was detained by a Coast Guard vessel as
      AFP  -  114 words
    • 436 20 May 13-15 Bulk Asia 86, Ist Asian bulk transport handling conference, organised by Lloyd's of London Press and Business Motivation Seminars, Royal Orchid Sheraton Hotel, Bangkok, Thailand. May 13-15 Ro-Ro Conference and Exhibition in Gothenburg. The conference will have a session devoted to ro-ro railships. More details can
      436 words
    • 6850 24 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.
      6,850 words
    • 736 25 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location China Cont 34E 065.86 1600 Jardine F1 0700-0800 B8 Korrigan 126 06.5 86 1700 Ned-EAC F7 0800-0900/0700-0800 P2/S2 Moersk Mango 18/19 06.5.86 1900 Maersk F5 1000-1100 B2
      736 words
    • 1667 25 Who acts for whom The leading shipping lines operating from local ports and their agents. A Top Enterprises Pt« Ltd Some (S) AB UuppMj Bousteod Shpg Agencies Afeo Line Afncon Shpg Agencies (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepter Oceonus ShippmgAgencies (S) Multiport Sdn Bhd (PK) Amencon President
      1,667 words
    • 647 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure Keppel Anonos K21 Sin Chiao alongside 06 5 0600 Barber Toit K9 Barber alongside 06 5 1500 B'tang Belait K24W SSPL alongside 06 5 0600 Equator 5 K23 Thong Soon alongside 06 5 1800 Jiangmen K33 Y Fung alongside
      647 words
  • Page 17 Advertisements
    • 662 17 Available at all good bookshops Ifderal PUBLICATIONS Omd) THE HEART OFTHE DRAGON OOCL Orient Oveiqias CotUcitm Line STRAITS EUROPE EXPRESS SERVICE lAROME SHTfWG AGENCIS (Rtg No 242K4/ 0«) 70 Shcnton Way #04 03 Marina Hons* Singapore 0207 Tel *****11 TELEX NO RS ***** CFS OFFICE TPC #03 029 Tel *****31
      662 words
    • 63 17 mm MALCOLM MCLEAN should reconsider the merits of United States Lines round-the-world strategy in the light of anticipated severe first quarterly losses. Page II INTEROCEAN Steamship is considering a restructuring of payments resulting from its purchase of Lykes from the LTV conglomerate. Page 111 Index to advertisers II Shipping Schedules
      63 words
    • 1190 17 I OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****33 MAERSK LINE FAST TRANSIT TO MIDDLE EAST SINGAPORE/DUBAI 8 DAYS SINGAPORE/DAMMAM 9 DAYS SINGAPORE/BAHRAIN 10 DAYS SINGAPORE/KUWAIT —11 DAYS Voy Spore EXPORT TO USA. EUROPE.
      1,190 words

  • Page 18 Advertisements
    • 316 18 EFH■ n'tM 1 EMEMPai El3l m en ■n m-wrxw yjzz BIMUM irTBPMi Tarai inner™tt ■mmi YAMASHITA-BHINNIHON LINE Atlantic/Canada Fndtf at Koba in, IFMri imimm MIDDLE EAST Full Container Service (A member of Oasis Consortium) TRANS SIBERIAN SERVICE Weekly Container Service Nrt. BWi. Ciiclmhnto. W. t—r. S*BM| ICDfJ PAN ASIA LINE,
      316 words
    • 183 18 11/5 12-IVS IVS an 19-22/5 a/s 2/4 i-*r* if* 12/ C 1114/1 17/4 i*n zw in n u/7 n nji (MB). 1 ftKKt. IMW SkMm a^SahtiMl TO: CARIBBEAN CENTRAL AMERICA CAMKAH Amte Caracao. BriHietaei. PWprtwt Port oi Spa* tapM. St totm. Basic Terre. Castries. Fort Ot France. Po«t A Mrt.
      183 words

  • Page 19 Advertisements
    • 945 19 The Straits Steamship Group Mansfield Container Shipping Re Ltd Overseas Containers Limited F CONTAINERSHIP SERVICE TO UK/CONTINENT to jrt—p. i B« STRAITS SHIPPING Singapore to Sabeh, Sarawak, Brunei Ports and Bangkok CONTANOSHP SERVICES TO/FROM BANGKOK BANGKOK BORNEO AGENCIES LTD BANGKOK TEL: *****80 SINGAPORE TO SABAH. SARAWAK AM) BWIC STRAITS VENTURE
      945 words
    • 749 19 Franco Belgian Services ,*l I r, ,u 11 ll h It, /ti. in .r i.l. rn <* KWI KM I mart* at TO TO oh com* cow rrm moms u n*w rtm r*— rum* m 7 Ikr Mr) aMr 77 Mr aMr J1 Mr II 13 ftp 14 m <12
      749 words

  • Page 20 Advertisements
    • 443 20 Mj£ Hapag-Lloyd TO CONTINENT UK EXPORTS S>ara IdimßftM GanMHbwt Mm Bha»a» A'warp 14/5 15/1 10/4 11/5 21/5 22/5 11/( 24/1 2/7 25/4 20/4 22/4 24/t 24/4 21/1 2/1 22/7 25/7 FROM N CONTINENT &UK IMPORTS Agents SEGANI *****00 K. Lm»* *****25/0/0, *****19, 73X349 *****71 r.K*nc *****53 *****00 CFS *****50, *****09
      443 words
    • 185 20 LINE MiMfA I o**nas '.o*. 80 m*X U K(; FULLY CONTAINERISED SERVICE P TO EUROPE 8 Member nl the Art* Consortium I%'ptrt 7/5 14/5 C. I. TOKYO 4* 171/5 FROM EUROPE VIA SUEZ Mpmbet ot the Act Consortium PJMMI Sp« Hlmi K«MHM| tmm T*p C.«. MM« (15/5) 13/5 17/5 H/5
      185 words
    • 584 20 jOL Hai Sun Hup Co (Pte) I td TEL *****0b (20 linos) TLX f?S ***** *RS ***** I \S I I RN C \K I I\ I K III) Specialist in RO/RO Servic Accepts heavy-fifts upto SO K/Tons Saints from Japan to* tpn bdtt Ihn U SOU NMOT* m 1
      584 words
    • 716 20 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) rro ui cw ire m me fu w mm un w a/2 ic/c 15* 112 n/t wt w 1/7 W1 i*/* nn nn in in in in i»n nn if* 2/i "Z 7 U/» 14/7 10/7 17/7 11/ c ,J£ ,f£ /7
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    • 155 20 US I NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES i njfvij ST" KYOWA LINE TO PAPUA NEW GUINEA/ SOUTH PACIFIC feu* Cwrtor 10/5 Hymn Cmm 7/1 jfug SUN UNION LINE TTTTTTTTTTjTT jH taiyo marine line WEST AUSTRALIA SERVICE VSL PAKAim EMPAT PT KELANG S'POMC fMAHTLE MEL SYD
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  • Page 21 Advertisements
    • 1042 21 PACIFIC INTERNATIONAL LINES V\V\ PIL Building. 140 Cecil Street, 03-00 Singapore 0 106 Tel: 2218 133 1 FAR EAST CONTAINER SERVICE VESSEL KOTA SINOA MAJAPAHIT GOWA SIN JKT SBY SIN HKO KAO *TCM KEE BOS *MUR *HTC YOK KOB KEJE 8/5 12/5 U/5 21/5 23/5 24/5 25/5 27/5 30/5 1/6
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    • 692 21 BENLINE CONTAINERS EXPRESS CONTAMER SERVICE TO UK/CONTMNT EXPRESS CONTMNER UK/CONTMENT HAM STRIVEN ITDAM HAMS STOM IP KEJ.ANCSTORE FOR MI i mrK.mm ALL VESSELS ACCEPT TRAN TO/FROM PENANG AND EAST MALAYSIAN KkJJEBSEN LINE NEW ZEALAND TO NEW ZEALAND, PAPUA NEW GUNEA AND SOUTH PACFIC Stn P Moresby Noumea S««a Aact/Taar Naper
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    • 490 21 I,HA* LLOYB EXPRESS SEMI CONTAINERSHIP SERVICES SIN6APORE TO EUROPE I'toa/Vtoi Mte| IJ BONTAMG' Vt-NB I 4-9/5 lU/C 13/S 14/4 OCEAN PMM' V4-NB HO/5 4/4 9/1 13/S •A. vessel 112/5 111/1 13/$ IC/t S'part 6mm Am L« HnraLM 6ANDA BHAKTT Vl5-NB 4-7/8 5/7 12/7 15/7 17/7 11/7 22/7 S'pvt B*m Man/Man
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    • 322 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR JWk SWMHHfi COBPOBATIOM (Burmese National Una) Loadni for Rangoon PKalai* 10/11 May (P. Gttdjnj) 9/10 May (P. Gvdanf) Paan V9s* 25/27 May V* tUOMMB VIM TMtMTII SJMKM V CIIWW *I7W IVVMW VlO swam nn FoanwM ncs <m Nrl HiMti BANK LINE 12/5 M/V IS/I
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  • Page 22 Advertisements
    • 1220 22 K —KAWASAKI KISEN KAISHA, LTD. ECUADOR/PERU/CHILE Fain *a wno*a sum wisp« spok kok ojayaqukcauao mica kjuqu «*6ast» sAmowo »alpaaabo ElB/l DTO *0701 4 Mar 5 May (May t May 24 Kay 24 Ml 30 CM IM SM 14M 11 M TAIWAN-JAPAN-CHINA-MANILA OSMA MAM *05 MYAMRA MAM STOK DURBAN P. OS.
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    • 640 22 AUSTRALIA EXPRESS CONJURER SERVICE Accapttns FCL/FCL CfliWmn INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contaimrs S«"|Jpoff P Mm( Penwi Laxknf tor -mMUTDnr- i Hay CM/Mn -IULMS" I lb; (aaaey TO MMWX 13 Mm nil il/Ol 111 "RAMMS' 14 Mar "CALABAR" IS IbT 11toy to*a»/C-Ca«/>W«>/CNcatti ■ESTiaittß" 10 May 21 Hi; tb*n/CS««y')W*i/Ucatti INDIA
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    • 625 22 GOLDEN LINE GUM) GUAN SHPftK (TIE) LTD U I<M kym S*M< Klirai DM IU S34JMS (It 1MB) STRAITS/PERSIAN GULF SERVICE: s >" rM GOLDEN KM C*m*/Unt*/U*m/m*/9*nm U/U M*y GOLDEN HAVEN Wombo/H*«ch/Bo«b»t/tN*» Mr CHMA OCEAN SHPPMG CO., PEKM6 THE PEOPLE'S REPUBLIC OF CHMA fA Ml 10 b 14'5 letterdani Hamburt ULLI
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    • 413 22 INTRASEA (PTE) LTD lO Ansor Road c 2 16 1 n!prna'«o'M P 0207 Tel 2246*)1 1 'HJ L nes o BREAKBULK SERVICE TO EUROPE/UK Spare P. Pas Laatag tarSTEPOV *****07 11/5 SETE/ROT/MR/IR (AVON) AMLLA BBM9OS 14/5 10/5 ROT/MIT/IK (AVON) i anusEi <nt) in -1 > im* mime smrmt co a
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  • Page 23 Advertisements
    • 597 23 IkNOL NEPTUNE ORIENT LINES LTD S'part NEPTUf AGENCIS PTE. LTD. Til tffc. M CfS BOORBKS *****77 *****77 *****22 *****43 «OMCT IMS *****53 *****42 I kkm HARfOt N*A SON. BM>. P I** HMfDt MtA SON BM>. *•"•> P. bra HMPOt MM SON. BM> *****2 P«un« HAVER NMA SON. M ,3W FOR
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    • 318 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG. BUSAN, INCHON 6/5 »/s U/b (0«-».) 1/6 VSIS SfMTt No i Doum 604N ki fori No I Dnan/H3N 16/5 Eastern Vtntet/M2M 17/5 Mo Dnan/MMN ZVS No 7 Dwaa/tMN 24/5 No tauai/tOtt 7/1 No I Danan &04H 11/6 No
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    • 755 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SVfSOV BULDWG 55. Market Street Sincapore 0104 Telephone Numbers *****33 (15 Liws) Cable Address SMSOV SMGAPORE Telei Numbers RS ***** RS ***** RS ***** P RELANG PQMNG K S S T (SKS SrTii? t2?^S. fLOOR ICWS HN THONG SHPPf* 127 Pwwng Str«K Pen**
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    • 108 23 K&S LINE JAPAN STRAITS SERVICE SANKYO LINE (S) PTE. LTD. 37. Somerwi Road #06-01 Ng T»ow Yh®« Bldg S por« 0923 Tel 235 84-44 |4 linns) Port KHanf lijj Pn.i Shtpptnj Sdn Bbd Id 01-3K'»A.'J S Pfnjnj had* A Ttjnspott ltd T#■! 04 61/843 P.nw Gliding Malavsijn Shippmf Agwiei's Sdn
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  • Page 24 Advertisements
    • 318 24 [gf|l REGIONAL CONTAINER LINES TO SOUTH THAILAND SKWH m me mini ii piua hf;vi ftb MALACCA STRAITS FEEDER SERVICE TWICE WEEKLY TO PENANG/WEEKLY TO P.KELANG/FORTNKHTLY TO BELAWAN CM mm RAT AIM BHUM Also accepting LCI (transhipment and local) for PK/PNG BENGAL BAY CONTAINER FEEDER WEEKLY TO CALCUTTA/CHALNA/CHITTAGONG EHESmE ilMl l,'j«
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  • Page 24 Miscellaneous
    • 189 24 Regional Weather 0 1 I IS s •i m SSM I A V" S > bV .1 m 2^ o« Pt SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND Wind direction with speed in knots Wove height One halt fleche represents 5 knots R Thunderstorm Temperature c
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  • Page 25 Advertisements
    • 111 25 rrr, K. LUMPUR POMNG P. GUMHG J. BAHMU 'V.'.i dTi', *****55/2429Q56/*****45/*****93 *****2/*****3/*****4/*****3 *****3/*****5/*****1/*****0 *****8/*****5/*****5 FAR EAST/EUROPE CONTAINER SERVICE I ii .r ■mrra TO EUROPE FEEDQ FROM EUROPE va ggjjZMfMm^rTTfi ■Em CHS EES I EZ3E3HEZ9 mtbemei nrii ''ii"vmrMfTTTr»l FT7TI ALSO ACCEPT* FOR: AWTM*. L. HARK, UK, BREMEN, COPOtUfitM. OSIO ALSO ACCEPTMG
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    • 118 25 ,/rvE INTERNATIONAL TO HONG KONG TFB VOY 102 TFB VOY 103 TO HAMBURG ;Lc Eta Pan 10/5 10/5 TFB VOY 055 TFB VOY A 37 TFS VOY T64 Eta Pan Eta Hbg 8/5 1/0 Eta Mai 1/0 Eta Kao 20/5 Eta Rdm 5/6 Eta Byd Eta Kaa 22/5 Op, TRANSOCEAN
      118 words
    • 82 25 Scan Dutch V TO RED SEA-MEDITERRANEAN CASABLANCA LATTAKIA LIMASSOL r~ 1 TO HONG KONG-TAIWAN-JAPAN -CHINA* FEEDER VESSEL PENANG P. KELANG VESSEL SINGAPORE HONG KONG BUSAN K DtjkM/ICS >*/J B tea/17) 21/5 SM in 21/5 IcyaM/m 4/4 FROM EUROPE 1) GBURG Ma/155 R Drpa/145 B tea/in tew*/115 lirm/IM FROM JAPAN-TAIWAN-HONG KONG
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  • Page 26 Advertisements
    • 389 26 The natural advantages of shipping through the Natural Mid-Atlantic Load Center Location: The International Gateway Positioned mid way along the Atlantic coast you'll find The Ports of Virginia just 18 miles from the open V sea. With the deepest I east coast rptjX serve as from V* I *1 w-
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    • 329 26 imm ■V-W os«W/F MOL Mitsui O.S.K. Lines. Lid CONVENTIONAL/SEMI-CONTAINER EAST AFRICA" /3 *v~, AFRICA'S NO* < V CONTINENTAL PARTNER 9 May Mombasa, Daressalaam. Tanqa AFRICA MARU 26 May Port Louis. Reunion NEDLLOYD MOSI 15 May Mombasa, Daressalaam WEST AFRICA EARNEST VENTURE 12 May P Noire. Abidian Apapa. Port Harcourt. Lome.
      329 words