The Business Times, 8 January 1987

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 THURSDAY, JANUARY 8, 1987 75 CENTS
    12 words
  • 237 1 STOCK MARKET SEALION HOTELS stole the limelight yesterday on the Singapore stock market, which cloeed mixed after a day of very heavy trading. Turnover amounted to 51.4 million shares (worth $57.7 million). The bulk of this was due to Sealion which chalked up a volume of 34.9
    237 words
  • 481 1  -  By ELAINE KOH APOLLO ENTERPRISES Ltd (AEL) has sought the help of a management consultant to look into its operations which have been badly hit by the recession and the property slump. The company has been burdened by heavy interest payment on loans taken
    481 words
  • 592 1  -  Purchase falls short of trigger point for mandatory bid By AMY CHEOK ALLAN NG POH Meng, the former deputy chairman of the United Overseas Bank group, has invested $22.7 million in a strategic 23 per cent stake in Sealion Hotels Ltd, the
    592 words
  • 163 1 UPI THE HONGKONG stock market punched easily through the 2,600 level yesterday as local institutions continued to fuel a buying spree. The Hang Seng Index finished at a record 2,607.11, a gain of 23.24 points, and even that was two points off its best.
    UPI  -  163 words
  • 395 1 Reuter WEST GERMANY yesterday ruled out a revaluation of the mark in spite of massive French pressure on Bonn to restore calm to Europe's foreign currency markets. Economics Minister Martin Bangemann told reporters that the mark was very strong but
    Reuter  -  395 words
  • 182 1 Reuter CHINA said yesterday that its troops had fought back Vietnamese forces over the past few days after border provocations by Vietnam but disputed Hanoi's claim that more than 500 Chinese soldiers had died in the fighting on their rugged mountain frontier. The Vietnam News
    Reuter  -  182 words
  • 136 1 UPI, Reuter BANK OF JAPAN governor Satoshi Sumita said yesterday that the central bank would intervene "if necessary" in foreign exchange markets as the yen continued to rise against the dollar. Mr Sumita noted the recent rise of the yen above the psychological
    UPI,; Reuter  -  136 words
  • 516 1  -  By ALVIN TAY INTERESTED PARTIES are now talking to Holiday, Cutler, Bath Co, the wholly-owned subsidiary of troubled Teck Hock Co, with a view to buying a substantial stake in the commodity broking firm. At least two parties, including a foreign-based trading group
    516 words
  • Page 1 Advertisements
    • 104 1 r i i r?2£- Cassette Receiver M 3 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone. *****22 Kuala Lumpur: Phorm, *****33 Phone. *****5/*****1 Jakarta: Phone *****5 I i LOT Hi-Tecpninff Vs NEW Liquid System Transparent window lets you see how much ink you've used up. The jumbo ink tank
      104 words
    • 292 1 Doubts about KL's Metrolink KUALA LUMPUR and the surrounding Klang Valley will have a privately-run, tram-car system by 1989. The Malaysian government is also going ahead with the Light Rail Transit and a cable-suspended system called Aerobus. There are doubts whether the Metrolink would be viable, not to mention all
      292 words
    • 283 1 Menstoeh Quality before your eyes «A, r KXBOS Tht good and bad ttmta of commodity glinl bohtrxJ company's wosa 1906 a yaar of turmoil for world's coflas tradars SEE PAGE 3 Shipping Times comas as a separate section today. Malta aura you gat your copy. With Hongkongßank's Heme Loan- Riy
      283 words

  • HOME NEWS
    • 452 2  -  By CHUANG PECK MING THE UNSTEADY economic recovery has given businessmen a ray of hope but for operators of temporary employment agencies who have suffered in recent years, it spells something more definite. Companies unsure of a firm upturn usually resort to using temporary
      452 words
    • 171 2 THE SUBJECT of wage reform will come under scrutiny in a national conference to be hosted by six employer groups led by the Singapore National Employers' Federation. Minister of Trade and Industry Lee Hsien Loong will deliver the keynote address. The conference is expected
      171 words
    • 583 2  -  By BOEY KIT YIN LEAOING high-end disk drive maker Maxtor Corporation will spend about $18 million over the next three years to expand its production capacity in Singapore. a move which will enhance the Republic's position as the largest hard disk drive producer
      583 words
    • 370 2 A YOUNG Australian software company will cash in on grassroots opportunities during the first two-day meeting of Asian distributors of Burroughs and Sperry computers since the merger of the two companies. Corporate policies, procedures and product directions for the newlymerged computer giant, UNISYS, which hopes
      370 words
    • 151 2 TODAY'S scheduled demolition of an old apartment block by the Housing and Development Board (HDB) has been postponed. "Due to an unforeseen delay in the shipment of specially imported blasting cape, the demolition of Apartment Block 62, Indus Road has been rescheduled to a later date", said
      151 words
    • 77 2 THE HEADLINE of the Bemama story, "Malaysia chalked up Ms 2 billion trade surplus in first 10 months", which appeared on Jan 1, should have read "Peninsular Malaysia chalked up Ms 2 billion trade surplus in first 10 months". The Ms 6 billion trade surplus for the
      77 words
  • Page 2 Advertisements
    • 334 2 PINWRITER P5 r:--*: v* W» »>fe -V %'.>.<:*# w te '{jfa&Xt «9K V-» «A> 4,4# V A V•**-- V '»i «V >;-> *K o<n v r.»'A>--«-;**,-*' V jifcjss* Vjt*V *--v« •,-< «r** i#**P R»* ;*•< ->. niY' -v. 'Recommended Retail Price $600 prmm I K X: h X mas Offer
      334 words
    • 5 2 NATIONAL UNIVERSITY fegjgi «F SINGAPORE
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  • FOCUS
    • 1238 3  -  Stories by ALVIN TAY, BOEY KIT YIN TROUBLED coffee giant Teck Hock Co had its beginnings in the early 1940s when three brothers. Tan Kiok Miang, Tan Kiok Hang and Tan Kiok Hee, came to Singapore from Tanjong Priok, Indonesia.
      1,238 words
    • 353 3 THE FINANCIAL WOES of Teck Hock Co are widely attributed to speculation in coffee, whose prices fluctuated wildly in the past year. When the speculation turned sour and a foreign supplier served a $5 million writ on the company, the coffee company called an
      353 words
    • 373 3 1986 a year of turmoil for world's coffee traders THE STORM that is slowly brewing in Teck Hock's cup of coffee is worth about $100 million in debts. These debts resulted from the unprecedented price movements last year of coffee. Coffee .is the second largest commodity traded in Singapore in
      373 words
  • Page 3 Advertisements
    • 139 3 Rt \■>7 u tor' /r;■a <:y< < i<»it i/\iif i: > m r Mercedes Ikn/ ,(/S/ U,<l\l <in>\l I i 'lI\I I m w»\/ I W I Cycle Carriage Industries (1986) Pte Limited JA r/.it <fc Ciroypi The new S class. This is the new Mercedes-Benz 'S' class Machines that
      139 words

  • ASIA-PACIFIC
    • 410 4 NYT A JAPANESE construction industry practice that effectively shuts out American companies from Japanese public works projects may also be having anti-competi-tive effects in the US, according to an American senator and a US Commerce Department official. Republican senator Frank Murkowski said at a
      NYT  -  410 words
    • 154 4 Reuter A BILL was introduced in Congress on Tuesday which would cut Japanese imports to the US unless Japan permits a US$lO billion increase in American imports by 1990. "It seems to me that if we can put American astronauts on the moon's Sea
      Reuter  -  154 words
    • 83 4 AP CHARITABLE organisations in five developed countries have appealed to the West to provide development aid to Cambodia, a British-based aid group said yesterday. Oxfam said it and aid organisations in the US, the Netherlands, Italy and Australia claim that West- ern governments "deliberately ignored" pleas for
      AP  -  83 words
    • 232 4 UPI AUSTRALIA is hoping to overcome Japanese protectionist measures and get the maximum possible access for Australian exports at high-level talks beginning in Canberra today. The Ninth Australia-Japan Ministerial Committee is regarded by both sides as particularly significant this year, according to Australian
      UPI  -  232 words
    • 391 4 NYT AFGHAN guerilla groups, after rejecting the Kabul government's ceasefire proposal, have countered with an offer to negotiate directly with Moscow for a truce while Soviet troops withdraw from Afghanistan. The offer from the alliance of seven rebel groups came on Tuesday
      NYT  -  391 words
    • 228 4 AFP DISSIDENTS from India's ruling Congress (I) Party, who describe themselves as "loyalists" of slain Prime Minister Indira Gandhi, have formed a new political group called the National Socialist Congress. The new party was launched at a convention in New Delhi on Tuesday attended
      AFP  -  228 words
    • 67 4 Reuter IF YOU'RE #w caught running out of potroJ while driving this car, chances are you'd want to make a stop at the neighbourhood supermarket rather than a petrol station. That*s because this car, Its designers say, will run on fuel ranging from soya
      Reuter  -  67 words
    • 145 4 AP UNITED NATIONS Secretary-Gener-al Javier Perez de Cuellar has warned of increasing danger of a widening of the Iranian-Iraqi war. In a statement issued in New York on Tuesday, he urged "restraint in military operations which risk repercussions on third states in
      AP  -  145 words
    • 279 4 AFP ALL CABINET MINISTERS, five ministers' wives, 11 wives of provincial governors, and several close relatives of prominent figures are among 2,088 candidates nominated to contest 400 seats in Indonesia's general elections in April. The National Elections Committee (LPU) on Tuesday issued the temporary
      AFP  -  279 words
    • 343 4 AP MEMBERS of Portugal's Council of State have reached agreement on the country's terms for returning Macau to Chinese rule. A statement issued after a fivehour meeting in Lisbon on Tuesday said the council, President Mario Soares' top advisory body, agreed unanimously
      AP  -  343 words
    • 778 4 ARRIVALS Operator Service Local From number time OA OA472 0015 S YD/MEL UA UA805 0100 SFO/HKG SIA SQ11 0125 LAX/NRT SIA SQ416 0655 DAC/CCU MAS MH681 0820 KUL MAS MH811 0910 PEN MAS MH671 0920 KUL SIA SQ103 0950 KUL AC AC858 0950 YYZ/LHR/BOM CPA CX710 1015
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  • Page 4 Advertisements
    • 241 4 per person inclusive of breakfast (on half twin-sharing basis)* is only one of the reasons for placing your guest in our care. The rest are our delightful Chinese Restaurant, our 3rd Storey Cafe that serves a delicious Thai Buffet lunch daily, Kangxi Lounge for drinks at only 553.00 during happy
      241 words
    • 9 4 Houm reject* mov« to bar higher taxes, Paga 5
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    • 59 4 T~"*v /II A ATT T The business person's choice, I I /I I J /\V every Tuesday, Thursday, Saturday I I\l I I jj/ and Sunday. Leaving Changi Airport I Y JJ—jLL at 22:05 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel
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  • REST OF THE WORLD
    • 386 5 AP TOP EUROPEAN Community trade negotiator Willy de Clercq is due in Washington later this month for talks on holding off 200 per cent US tariffs on selected European products. "The arrangements are still tentative," said Debra Busker of the office
      AP  -  386 words
    • 170 5 Reuter A SWISS research organisation said the massive pollution of the Rhine in November may not have killed off all forms of life in the river at Basle, as previously feared. The Federal Institute for Water Supply and Protection said on Tuesday
      Reuter  -  170 words
    • 409 5 Reuter ECONOMISTS at Credit Suisse First Boston Ltd say in an economic commentary that they expect growth in UK unit labour costs in manufacturing industry to fall to zero by the end of this month and stay at that
      Reuter  -  409 words
    • 193 5 AFP BRITISH Prime Minister Margaret Thatcher said on Tuesday that she did not want to rush general elections due by June 1988, but added that when the time did come, she would consider a coalition with the alliance of Social Democrats and
      AFP  -  193 words
    • 123 5 UPI PRINCE EDWARD, youngest son of Queen Elizabeth 11, has quit his career in the Royal Marine commandos because the training is "too tough", according to The Sun newspaper. "Edward, 22, cried for three hours after making up his mind last Friday to quit the crack fighting
      UPI  -  123 words
    • 294 5 UPI THE POLISH authorities have criticised Roman Catholic churchmen for drawing big salaries in contributions from the public and living in luxury at a time when Poland is in an economic crisis. The spotlight was thrown on the church in an article carried
      UPI  -  294 words
    • 208 5 UPI MOST MEN who became millionaires before they were 35 felt themselves to be "different" and detached from their parents, peers and hometown, a study said on Tuesday. The study also showed that young men who achieved early success but then
      UPI  -  208 words
    • 426 5 UPI THE DEMOCRAT-CONTROLLED House of Representatives refused to rule out the prospect of an income tax increase in the next two years, rejecting a Republican proposal on Tuesday that would have.barred consideration of any bill to raise tax rates. The Republican move was
      UPI  -  426 words
    • 259 5 AP THE US GOVERNMENT has proposed arms sales to six countries Egypt. Spain, Greece, Turkey, England and China. The Defence Department, in a statement on Tuesday to Congress, said it was prepared to sell China radar and radio sets of a type used to
      AP  -  259 words
  • Page 5 Advertisements
    • 67 5 Food surpluses may push EC into bankruptcy, Pago 7 w i K V j\ £S I TJM t M A y ***<? atea 3TO! ..v vMBP' *a S*lss& 1 U8 OP 41* B* V n >•% v 0t y V V- iZ' **TB* *v»«r»/jy rOVI v 'JS?' 0 /V y<
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  • BANKING AND FINANCE
    • 577 6 Bankers remain divided over implementation FT IT IS ALMOST two years since UK clearing banks announced their commitment to a nationwide electronic shopping system in which plastic cards would take the place of cash and cheques and electronic messages would move funds from
      FT  -  577 words
    • 239 6 FT CONFIDENCE in Brazil's efforts to fight inflation plummetted on Monday as annualised interest rates on 60-day certificates of bank deposits hit an all-time high of 300 per cent. The 30 percentage point rise, following a 50 percentage point increase on Monday, has underlined
      FT  -  239 words
    • 115 6 AFP THE PHILIPPINES will request around US$2 billion in loans, aid and grants at the Consultative Group meeting sponsored by the World Bank in Paris later this month. A Finance Ministry spokesman said the aid request, if granted, would go towards implementing the
      AFP  -  115 words
    • 207 6 AP THE AGRICULTURAL Bank of China is issuing one billion yuan (U*****,000) worth of bonds, Beijing's official English-language China Daily said yesterday. The bank's vice-president, Zhang Wenqi, announced that the bonds would start selling nationwide today. The bond issue is the second by
      AP  -  207 words
    • 340 6 ASIAN DOLLAR deposit rates closed steady at slightly lower opening levels in quiet afternoon trading. Activity was slow in the afternoon as most operators were sidelined on lack of interest. Short-dates weakened between 1/16 and 1/8 point at the outset due to the lower US federal funds
      340 words
    • Article, Illustration
      138 6 THE OVERNIGHT rate on the Singapore interbank market closed at 5 1/2 per cent yesterday, up 1/2 point from Tuesday. The one-month rate gained 1/2 to 4 per cent. The two-month and three-month rates each gained 1/4 to 3 3/4. Mcatn the averafe of the prime taring rates
      138 words
    • 732 6 SINGAPORE: The US dollar yesterday recovered against major European currencies to close higher but remained weak against the yen, in moderate but cautious trading. It closed firmer at 6.3850/90 French francs compared an early 6.3700/3800 and New York's 6.3790/3820 close. Trading in the French franc/mark was moderate, with
      732 words
    • 218 6 Interbank rates at 3pm yesterday: Local dollars to < Bid Mtor mm portly yte unit of foreign ourroncy: c**n*. US dollor 2.1705 2.1715 2.8196 -23.02 Sterling pound 3.2145 3.2181 7.3469 -56.25 Australian dollar 1.4390 1.4418 3.4286 -58.03 HZ dollar 1.1709 1.1736 3.4286 -65.85 Canadian dollor 1-5837 1.5850 3.4206
      218 words
    • 371 6 HONGKONG: Gold yesterday closed little changed from New York's finishing level but near the day's low on late selling when the US dollar strengthened. It opened firmer on local bargain hunting after the New York fall. Towards the close, the Bundesbank intervened in Frankfurt to ease the tension
      371 words
    • 588 6 BA Futures MARCH Eurodollars traded sideways for most ot the session within a narrow range of 94.01 and 94.03 in quiet trading, after opening one tick higher at 94.02. Although the outlook for the market remained bullish, trading activity is likely to remain steady until tomorrow's US unemployment figures
      BA Futures  -  588 words
  • Page 6 Advertisements
    • 146 6 Quality lenses. The precision and quality standards of West Germany are best seen in Zeiss. Take, for instance, our wide range of lenses. Tinted or clear, plastic or glass, multi-focal or multi-coated, Zeiss lenses are made under the strictest quality control standards. r i The Umbramatic multi-coated lens changes shades
      146 words
    • 79 6 Choose from Kampachi s exquisite feAMPAefff Japanese Set Lunches Japanese Restaurant jfo lofty prices and unfamiliar assortment of lapanese cuisine are common deterrents to many a diner. At the Kampachi. we are glad to offer you 6 different sets of lapanese lunches. Priced at only $16++ per set, they are
      79 words

  • WORLD BACKGROUND
    • 718 7 Reuter THE AFRICAN National Congress (ANC) celebrates its 75th birthday today making political gains and no longer being written off in South Africa as "the world's leaat successful terrorist organisation". The black nationalist movement, which was founded in 1912 to promote
      Reuter  -  718 words
    • 873 7 NYT EUROPE'S food surpluses, which have saddled taxpayers with crippling bills and created sharp political tensions with the rest of the world, are now threatening to push the European Community into bankruptcy early this year. The EC's 12 member states are storing
      NYT  -  873 words
    • 533 7 Reuter EAST GERMAN authoritiee have swiftly denied West German Chancellor Helmut Kohl's angry charges that they are holding 2,000 political prisoners but behind the scenes, both governments are said to be plying a shadowy trade in prisoners that has reaped millions of dollars for East
      Reuter  -  533 words
    • 731 7 AP IN SPITE OF modest social and economic gains in recent years, Australia's aborigines say they are still exiles in the land they've occupied for 40.000 years. Aborigines were granted equal rights in 1967. They now own over 12
      AP  -  731 words
  • Page 7 Advertisements
    • 60 7 Ne» (Single/Double) Plus complimentary drink 32-room hotel, fully carpeted and airconditioned, with attached bat hroom Coknir television and piped-in music 4th floor swimming pool has panoramic view of Orchard Roed area Free use of sauna Seafood restaurant and bar lounge downstairs for reservations, call- T 336 River Valley Road #01-01
      60 words
    • 76 7 Now only Air Mauritius fßes non stop to the non-stop fan of Mauritius. if* i A? Ky' YA IN P. v 1 i tw,T» r.;gf f 4 > The good times get off to a flying start every Sunday at 10.25pm. And while en route, youll find that even in
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  • Page 7 Miscellaneous
    • 31 7 Doonesbury U m a UH...UBLLSK, nSjUSTTHAT rvzß&NCAsr ASA CENTRAL APOUXGTN BOth SCANDALS. torn scums* HJHAT ARE VOU TAUON6 ABOUT*. tSTH&eA SCAKML6ON6 ON NOW* m BIGm PlZi BY GARRY TRUDEAU TmßormcF mms
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  • FEATURES
    • 487 8 FOR THE third successive year, the Indonesian government has presented an austerity budget. This has not been totally unexpected, given the general uncertainty in the world economy and expectations of lower rates of international growth. Caution is therefore well in order for the Indonesian authorities, especially in
      487 words
    • 1387 8  - 'Metrolink viability the question' Doubts have been raised over the viability of Metrolink, a privately-run tram car system which will serve Kuala Lumpur and Its surrounding Klang Valley by 1989. Yet the Malaysian government is also going ahead with two other sophisticated transport systems a light rail transit and a
      Bernama  -  1,387 words
  • Page 8 Advertisements
    • 125 8 This announcement appears as a matter of record only 7 January 1967 NMB MINEBEA INVESTMENT PTE LTD 5550,000,000 NOTE ISSUANCE FACILITY Guaranteed By THE SUMITOMO TRUST AND BANKING COMPANY, LIMITED Managed By UNITED OVERSEAS BANK LIMITED Underwritten By UNITED OVERSEAS BANK LIMITED BANQUE INDOSUEZ OVERSEAS UNION BANK LIMITED Tender Panel
      125 words
  • Page 8 Miscellaneous
    • 1220 8 to alas mm HISTORY OF THE MOTOR CAR Tha Dawn of Motoring 10pm, Channel 12 This six-part series covers the history of motoring from the first shuddering experiments through the glamorous years when royalty rode in Daimler Straight Eights and James Bond sat at the wheel of a three-litre Bentley,
      1,220 words

  • SPORTS
    • 389 9  -  By WALTON MORAIS THE SINGAPORE Lawn Tennis Association can receive financial assistance from the International Tennis Federation for the running of the Asian Junior International championships next month. The SLTA can apply to the ITF's Grand Slam Trust Fund
      389 words
    • 280 9 Reuter UNDEFEATED welterweight Mark Breland said on Tuesday his opposition to apartheid gave him extra incentive for his World Boxing Association (WBA) title fight next month sgainst South African Harold Volbrecht. "I would just feel terrible to lose period, but to lose to
      Reuter  -  280 words
    • 685 9 NYT SERGE CRASNIANSKI. a French businessman who has invested US$lO million in the effort of French Kiss to win the America's Cup, has found it a sobering experience. Instead of increasing sales for Kis Frsnce, his multimilliondollar company, the association with the America s Cup
      NYT  -  685 words
    • 167 9 Reuter AUSTRALIA IV'e pises in ths America's Cup defender final was assured yeeterday after a protest by race loeer Kookaburra II was rejected after nearly seven hours of deliberation. The ruling by an international yachting jury confirmed a 24-eec-ond win by Australia IV that put
      Reuter  -  167 words
  • Page 9 Advertisements
    • 134 9 p v R;s -"•'•va^--t2". ,ti- r-ffj ,1 s -*»S 5 L sjf H£|| a yitei i v;'. s wli^WllPPP^''--?-r» F l:.«■. .y t*. :1 cc~ y^?^Kff L^ -it: W~~ I P -s-Z sfctajte-X'-if. a?"s7is«:' -'"is vMP g@s BaPf* SgS»iiy£&* i 4 «rr S 1 K i i -if; 81 I*
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  • Page 9 Miscellaneous
    • 631 9 CRYPTIC PUZZLE 1 Remember to phone again (6) 7 How instant coffee is made? (2, 2, 4) 8 Patrick East is the head (4) 10 Off which to eat in camera? (6) 11 More than a prize crew member (6) 14 That woman from the fishery (3) 16 Admitted the
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  • INTERNATIONAL STOCKS
    • 494 10 Reuter BANKAMERICA CORP's rejection of a friendly US$3.2 billion takeover offer from First Interstate Bancorp could prompt a hostile bid from the suitor, say banking analysts, but the timing of such a move is unclear. San Francisco-based Bank America turned down First Interstate on
      Reuter  -  494 words
    • 437 10 Reuter WALL STREET extended its New Year rally to a third session on Tuesday, but the enthusiasm that greeted the market in the first two trading days of 1987 waned under the weight of mild profittaking. A sluggish bond market, reacting to the dollar's
      Reuter  -  437 words
    • 128 10 MB m ■I MTT1H Aiean Alum .41 uncfi K#rr Addison 18* Algoma SO .11 Bank Nova Scotia Bank Of Montreal Ball Canada 17* .34* 37* Motion A Moon Corp i_ 22* 20* 20* Braacan CI A 28* Horthjgi Exp 27* uampot Lana Z7* Canadian Imp Bank.. 20% Canoae 1M
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    • 182 10 JAM M MOU RAND mvALS "Tig Oata Tongaat Truat Bk. Un SM Woottnj 800 146 1600 26 -6 60 A Alpha ***** MM MM Angloa 7025 125 Aacl Angvaal *****6 ssr 4608 26 Blyvooc Ouflali 2376 8075 25 75 Charter C Q Smith 3030 +30 Cone QoM CNA Currta
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    • 491 10 Alcan Alumtn Alcoa. 29% 36% uncfi ANag ln» 12% Alltad StO ....40% Am Brands Inc. Am Can Co _.44% H •1 Am Cyanamkj 80% Am Elac Pwr Am Cwpraas, Am Noma Prod. a* -..80* 7» 9 1 1 Amax Inc 12% Amaf»d« Haaa 24* 88% Amr Corp 57%
      491 words
    • 613 10 Amsterdam JAN PL* A8N ***** 90 30 1 Ahotd 108.00 AttO 158 70 Alranta 140 90 AM€V. Amro Bank Am ted 75 00 ISO 20 131.00 to •0.4 •♦•0.3 unch BOLS 163 00 Boraumi) Buahrman Tat* Catva 148.50 Koda.56 718 1 -1 Elaavtar 2S200 Fgh Gamma QMbroc 13.80
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    • 132 10 Reuter SIR NICHOLAS GOODISON, who played a key part in paving the way for Britain'a liberalised financial markets, has been named the chairman of the recently expanded London Stock Exchange (LSE). Sir Nicholas, 52, has seen the exchange, once a cosy club made up en-
      Reuter  -  132 words
  • Page 10 Advertisements
    • 194 10 inhere to tfliK, din« ad eittertairt 1 The Drums Roll and A Special Ceremony takes place at 8.15 pm every Thursday... The Executive Chef will then ceremonially carve a succulent roast, done to a turn on the one and only roasting spit in town. Treat yourself to a hearty slice
      194 words
    • 123 10 It's the NEU FACES... Fresh from their European tour. The Nl II I ACE S Veteran t ind vers.ilile musicians Rock n'Roll. Top JO. New Wave excellently performed lor grand entertainment Nightly except Sundays \t the Alcove lx>unge where the beer is cheapest among hotel lounges MAGICALLY HYATT I I+l
      123 words
    • 211 10 TtOCHEW PORKTDGI BUFFET $5 50 l 'AW h wmxr $5, urn/'hnmrtv (Wv (per person) You can erjoy savoury'homely dishes such as braced pork 9 steamed stuffed bean curd 9 sambal bnryal fned salted fish sauteed chicken with mushroom 9 sauteed chai poh omelette 9 fned blade pomfret in soya bean
      211 words
    • 94 10 I Sw, ■k« y 1 Teppanyaki Set Lunch at $18.00++ with a choice of beef, chicken or seafood and served with appetizer, rice, soup, pickles and dessert OR 12 different sets of Japanese lunches priced from $10+ to $20+ per set Lunch: 12 Noon-2.30 pm Pinner: 6.30 pm-10.30 pm ■JB
      94 words
    • 122 10 /!?>)\%~<|)"+\>||%=\},];-}:^,]~ May we introduce you to a most mouth wateringly Sichuan bird. The inimitable Long Jiang Drunken Chicken. Prime and plump. It's so staggeringly good youH be tempted to tiy the rest of our 230 Sichuan dishes. Now that's a sobering thought Come for lunch or dinner anyday. *cJ f?
      122 words

  • ASIAN STOCKS
    • 417 11 HONGKONG: The Hang Seng Index broke through the 2,600-point barrier for the first time ever as share prices closed mixed in very heavy trading in Hongkong yesterday. The market opened higher, with the index gaining 7.48 points in the first trading hour. The index continued to advance throughout the
      417 words
    • 239 11 0 2 JAN 07 All Sincara Indus. NT 2.02 30 60 0 00 -0.4 Kuochan Dav Laa Chang Yuan 23.20 3160 0.3 01 Cathay Cons Chang Hws Bank .37 10 44 30 28 .10 0.3 2.1 -0.3 Lian Hwa Indus Nan Ya Pias Pacific Cona 1950 35 90 22
      239 words
    • 401 11 TOKYO: Prices dropped sharply on the Tokyo Stock Exchange amid profit-taking on Wednesday, a day after record prices were reached on the exchange. The Nikkei Average of 225 selected issues, which climbed a steep 116.21 yen to finish at an unprecedented 18,936.76 yen on Tuesday, fell 94.39 yen to
      401 words
    • 99 11 JAN 07 WON rial 1120 1075 70 45 1890 70 Kit Motor 1032 70 460 unch 2410 100 1006 50 1820 70 1330 70 1580 70 Daiahin Sacuritiaa 4540 830 200 unch Oriantal Brawary 1300 2020 25 80 Dong Suti Stock 1920 1740 80 70 Pacific Chamical 1250 070
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    • 403 11 SYDNEY: The Sydney share market scored its third successive re-cord-breaking rise in a row on Wednesday boosted by strong speculative demand in BHP. By the close of trading, the All Ordinaries Index had risen 11 points from Tuesday's record close to an all-time high of 1,534. BHP closed the
      403 words
    • 173 11 BANGKOK: The Stock Exchange of Thailand Index rose 2.57 to 213.84. Turnover totalled 2,532,101 shares worth 326.2 million baht. The Book Club Index was up 2.33 at 192.47. JAM 67 BAHT Poat Publishing 167 Saha Union Siam Camant. 163 867 1 12 Ao Kham Thai Siam City 16 254
      173 words
    • 79 11 JAN 07 POOS b Oriantal B Pttil Ovruu 0.031 0 043 unch -0 001 0 003 0 47 uncf> 0045 -•-0 007 Picop B 4 unch Aflaa Con. B 20 PLOT 262 50 •6 Basic Pwtroteum Banguat Coo. B... Fir*t Phil Hldg* 0.006 0.012 96 9 30 SanMlgualB "o
      79 words
    • 86 11 Reuter TRAFALGAR HOUSING LTD has announced in Hongkong that its 90 per cent held unit, Sociedade de Investimento das llhas Limitada, will return a 17.5hectare site to the Macau government for HK$l5O million rather than HK$lB7 million as originally agreed. The authorities will still grant
      Reuter  -  86 words
    • 252 11 UPI HONGKONG retailers are upset over the so-called invasion of the Hongkong consumer market by Japanese retail groups. Japanese department store Sogo, for example, has just announced that its Hongkong operations hit HK$5OO million in sales last year, its first year of operation. Managing director
      UPI  -  252 words
    • 421 11 Reuter A SUCCESSFUL bid by Robert Holmes a Court's J N Taylor Holdings Ltd for the Herald and Weekly Times Ltd (HWT) media group would mean the end of Queensland Press Ltd (QPL), QPL chairman Keith McDonald said in
      Reuter  -  421 words
    • 116 11 AFP THE WEST GERMAN airline Lufthansa has signed an accord with the city of Beijing to build a 600bedroom hotel and business centre, equipped with offices and telecommunications systems, the company announced on Tuesday. The complex, to be completed in 1990, will include shops
      AFP  -  116 words
    • 72 11 Reuter PHILIPS Gioeilampenfabrieken NV of the Netherlands and Toppan Printing Co Ltd of Japan have set up a joint venture in Japan to provide studio facilities and services for firms to create software for the compact disc interactive system. The new company, Denshi Media Services
      Reuter  -  72 words
  • Page 11 Advertisements
    • 593 11 n. C 0„; 1 ...OT< r >■ *vr<A im aai cateraiia Discover a whole new experience TAKE FIVE Relax over the finest drinks Savour the most tender juicy succulent steaks Enjoy stunning performances by top local international artistes Business Hours Mori Thur 12pm to lam Fri, Sat Eve of Public
      593 words
    • 154 11 $12.50 beiovt 2 yta's old S9 00 BUFFET-LUNCH COMBINING THE BEST OF EASTERN WESTERN DISHES M I i V** < I T 19, Cairn hill Circle, Singapore 0922 Tel: *****22 Telex: RS ***** A A r. Select from our special lunch menus available when you dine at Fragrant Blossom. Delectable
      154 words

  • RAW MATERIALS
    • 371 12 MBT THE MALAYSIAN rubber industry could maintain its export stature through the remainder of this century if measures are taken to arrest the decline in estate acreage and replanting programmes. A World Bank study said that it would be poor economics and
      MBT  -  371 words
    • 348 12 UPI OVER the past year, prices at the London weekly tea auction have been struggling to establish a higher long-term trading range, but to no avail, tea traders said. The market remained fundamentally weak and even a significant decline in production in key
      UPI  -  348 words
    • 95 12 AFP WORLD SUGAR production from last September 1986 to August 1987, at 100.2 million tonnes, may exceed demand by 0.5 million tonnes. London traders E D and F Man said in their latest review published on Tuesday. Man's previous estimate of the current
      AFP  -  95 words
    • 60 12 AFP CHINA'S steel output last year was 51.9 million tonnes following the opening of the Baoshan Steel Complex in Shanghai and technical upgrading of existing enterprises. This was an increase of more than 10 per cent from 1985, the New China News Agency on Tuesday
      AFP  -  60 words
    • 178 12 MALAYSIAN crude palm oil prices closed firmer yesterday, extending overnight gains on further covering and speculative buying interest. Support came from rises in palm oil futures and higher Chicago soyoi I futures. Jan deliveries in the north and central regions firmed M 517.50, to M 5745 and M
      178 words
    • 105 12 OIL PRODUCTS TRADING in the Far East petroleum products market slowed down after Tuesday s flurry of business. Naphtha, gasoil and LSWR firmed in reaction to recent business and higher talking prices. Fuel oil hinted of possible weakness as incoming cargoes were reported. Jet kerosene remained stable. Closing prices for
      105 words
    • 68 12 Bangkok Broken Rice A-1 Swp«f 1 is (US$/«enn*. KM) A-1 Sp*dol 115 White Rice C-1 SfMdol C-l Ord unq Mtq 100% 1st dots 245 Loonzain Rice 100% 2nd daw 210 100% 3rd ckm 205 100% 1* a rod* unq 5% 10% 195 190 100% 2nd flrod. 100% 3rd grod*
      68 words
    • 323 12 SINGAPORE The market closed higher with February 1 RSS buyers quoted at 185.25 cents/kilo, up one cent. The morning session rose 0.75 cent in quiet trading, helped by some overseas buying and Soviet Union enquiries for latex in Malaysia. Prices gained further grounds in the afternoon on some speculative
      323 words
    • 99 12 THE PRICE OF TW on the Kuala Lumpur Tin Marfcat Qainad inothtr five cants at the doaa to M 517.44 par kilo on contlnuad short covarlng. Tha lowar disposals of SO tonnas ysstsrdsy agalnat 87 on Tuesday wara sttilbutod to minors having aihauatad thalr suppllas, whlls othors wara
      99 words
    • 128 12 ChlnoM Produce Exchange noon doeing prions on ion 7 (SI/100 kg). Coconut oil M FOft 66.00 Old brum FOft 7600 Nm drum FO* 86.00 Copra MUod (Ioom) 33 bvyan Pepper /VWIHIQk WHH® FOft NLW 1415.00 Sarawak Whit* FOft foq NLW 1400.00 Soiowut ipodol Mack FO* NLW 1012-50 Sarawak
      128 words
    • 283 12 RAS prices mse •nta/kg, FOB In b*« NOON CLOSE Buyoa Sellers kvyan Seiiefi bit 1 RSS Prompt 184-50 185 JON 185.00 186.00N bit 1 RSS Fob 87 184 JO 185.00 185.25 185.75 Int 1 RSS Mart* 185.25 ***** 186.00 186J0 Int 2 RSS Of 179.00 181.00N 179
      283 words
    • 85 12 (canii/kg, 1-Kw paM—*) FEB 87 MA* 87 (currant month) /fnrn.fir H ITOTWOrO month) NOON NOON RAS 8wy«fi Iwyan S*H*n ssi 30 173 JO 175 JON 174JO 176 JON SSI 50 171 JO 173JON 172J0 174 JON SaNart SmUmn SMI cv ivyerv 282.00 284.00N 283.00 285.00N SMR I
      85 words
    • 769 12 COFFEE Robusta futures moved up slightly late on Tuesday to close near the day's highs but still weak, after breaching 15-month lows early in the session. Prices finished £13 to £40 per tonne lower. Commission house short covering and roaster price-fixing of previous purchases after Tuesday's slide pulled
      769 words
    • 130 12 WHEAT FUTURES in Chicago closed two to three US cents a bushel lower on Tuesday. Prices eroded steadily amid selling by managed speculative accounts and a background of bearish fundamentals, as mild temperatures in the midwest prevented crop damage and demand remained light. Commercials were buyers. Geldermann and Produce
      130 words
    • 121 12 SOYBEAN FUTURES in Chicago eroded near the close and finished five US cents to one cent a bushel lower on Tuesday. Traders said prices weakened after the short covering that fuelled Monday's rally evaporated in early trading. Commission houses and locals were reverse crushing by buying soybean products and
      121 words
  • Page 12 Advertisements
    • 560 12 (9) THE DAIWA BANK, LTD. Head Office: 21, Bingomachi 2-chome, Higashi-ku, Osaka 541 JAPAN. NON-CONSOLIDATED BALANCE SHEET March 31, 1986 and 1985 NON-CONSOLIDATED STATEMENT BANKING ACCOUNT ASSETS Cash and Due from banks Call Loans Trading Account Securities Securities Loans and Bills Discounted Foreign Exchanges Other Assets Premises and Equipment Customers'
      560 words

  • SHARE INFORMATION
    • 545 13 SHARE PRICES on the Singapore stock market closed mixed yesterday on one of the heaviest volumes since the market boom last October. About 51.4 million shares worth a hefty $57.68 million were traded, the highest since Oct 10, 1986, when 52.31 million units
      545 words
    • 3602 13 1986/87 High Low Company Last Sate OfQr*s DW Dtv C'yt Or'a rid Not P/E Vol f000) Day High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 180 82* 136 251 228 137 158 115 260 190 426 302 490 j 470 386 236 404 530 83 104 610 306 210 945 83%
      3,602 words
    • 274 13 SINGAPORE Rises Indl less Jaa 6 ion 7 P Tairite 200 4# IT Conic 0*1 ***** 7>249 1 c s 79 5 15 •T Mkator *****«2« 772*9999 Kanfcitfcy Spar* 326 14 •TOt/OS •152 -60 M Inwtfiai 725 10 •TCAIX -7011 -6992 Gaming* 630 10 •TOtV ***** 694(1
      274 words
    • 3386 13 810 and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "SETT".
      3,386 words
    • 110 13 UNITED MALAYAN FLOUR MILLS Berhad: AGM at the Conference Room, Shangri-La Inn, Jalan Magazine, Penang on Friday, Jan 16, at noon. CHIN TECK PLANTATIONS Berhad: 28th AGM at No 107-1, Changkat Tambi Dollah, ***** Kuala Lumpur on Saturday, Jan 17, at 10am. BATU KAWAN Berhad: 22nd AGM at
      110 words
    • 245 13 Managers' prices MARA-Bumiputra for Jan 8 first B'putro 519 524 Second B'putro 470 4 75 Singapore Unit Trust Third B'putro fourth B'pi/tro 370 417 375 422 The Commerce 0 88 095 fifth B'putro 268 2.73 The Savings Fund 082 088 Sixth B'putro 276 281 S'pore frog Fund 0
      245 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 459 14 NST RESPONSE TO the share offer by Malaysian International Shipping Corporation (MISC) shares, which are open for public subscription, is slowly picking up after initial fears. The public is beginning to collect forms available at various outlets in Kuala Lumpur. The shares
      NST  -  459 words
    • 93 14 Bernama BATU LINTANG Rubber Company Bhd, whose shares were suspended since Feb 6 last year, has applied to the Malaysian Capital Issues Committee for the suspension to be lifted. Replying to queries by the KLSE, it said it had also applied to the Foreign
      Bernama  -  93 words
    • 298 14 Bernama PEAK HUA INDUSTRIES Bhd, a Malaysian building materials manufacturer and distributor, will concentrate on its proposed rights issue before deciding on a new direction, according to its chairman, Senator Kuan Peng Soon. Peak Hua is currently finalising its rights issue of 51.6
      Bernama  -  298 words
    • 563 14 FT HENRY ANSBACHER. the UK merchant bank, has rejected a request from Guinness's lawyers for the return of a sum of £7.6 million which lies at the centre of the controversy over dealings in the brewing company's shares. Ansbacher's defiant stand will oblige Guinness
      FT  -  563 words
    • 2167 14 810 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. INDUSTRIALS Acmo I—l Ajhomoto (3065) Alox Hldg (1708) Alcorn (68.58)
      2,167 words
    • 449 14 THE UPTREND on the Kuala Lumpur stock market continued yesterday in another round of active trading. Most blue chips were firm, especially in early trading although a handful ended the day off-best. Several Singaporebased counters fared well, registering doubledigit gains. Among them was
      449 words
    • 111 14 HONGKONG Hongkong Index Wednesdoy *****7 Tuesdoy 1652.65 Week ogo 1639 69 All Industrials Wednesday 2429.0* Tuesday 2414.3 Week ogo 2347.4 NEW YORK Hong Song Index Wednesdoy 2607 11* Tuesday 2563 87 Week ogo 2568 01 Dow Jones Tuesday 1974.83 Monday 1971.32 Week ago 1908.61 TOKYO Nikkei Average Wednesday
      111 words
    • 568 14 Current b •oaks Mi Total tor ToW tar poymont drto CtOM poyoMo poor tartyoar A N 13%%l Aug 19 NYA NYA 13%% 27% AMDI 13%(bl OK 22 Jon 6 Fob 6 13% 2% Amol Stool «%TE(bl OK 2 DK 12 NYA 8%TE 8%TE Aokom OK 29 Jon 10
      568 words
    • 624 15 mm® mm™ By HOCK LOCK SIEW AGGRESSIVELY-expanding United Industrial Corp requested a suspension in trading of its shares yesterday while the stock market was abuzz with strong rumours of major corporate developments involving a host of companies including itself and Sealion Hotels.
      By HOCK LOCK SIEW  -  624 words
    • 399 15 Bernama TDM BHD, the plantation droup, has forecast a pre-tax profit of Mss million for fiscal 1987 with the completion of its acquisitions and rights issue. Speaking to reporters after the company's extraordinary general meeting in Kuala Lumpur yesterday, managing director Datuk Abdul
      Bernama  -  399 words
    • 518 15  -  Company files claim against Asiatic Fortune of HK By CHAN OI CHEE DAH YUNG Investment Ltd has filed a claim for HK529.7 million ($8.2 million) against a firm in Hongkong which is linked to former company director Ho Hua Min. There will be a
      518 words
    • 428 15  -  By LISA LEE RESOURCES DEVELOPMENT Corporation is to make its debut on the Stock Exchange of Singapore tomorrow. It is the first company to be listed since Singapore Airlines came to the market in late 1965. The commencement date comes three weeks after the share
      428 words
    • 831 15 EQUITIES yesterday opened mixed following the slightly higher close on Wall Street on Tuesday where prices were hit by profit-taking in the wake of the recent strong gain. Dealers said trading was relatively quiet and interest selective but the market did have a firm undertone and at 0917
      831 words
    • 203 15 THE JACK CHIA-MPH group of companies, controlled by its chairman Jack Chia. has sold a total of 354.000 Haw Par shares in late November/early December for a cash consideration of $1.03 million, or an average price of $2.90. Following the sale. Mr Chia's deemed interests in Haw Par
      203 words
    • 278 15 Reuter BRUNEI IS registering the closed National Bank of Brunei Bhd (NBBB) as the owner of the Australian hotel group controlled by Malaysian businessman Khoo Teck Puat, a source close to the government said. Government officials were unavailable for comment.
      Reuter  -  278 words
    • LATEST RESULTS
      • 90 15 Group after tax loss of M 5103,000 (profit of $435,000) on turnover of $8.64 million ($3 million) for the half year ended Sept 30, 1966. The results incorporates the results of Paling Industries Sdn Bhd and Home Builders Sdn Bhd, two newly acquired subsidiaries for a
        90 words
  • Page 14 Advertisements
    • 245 14 INTERNATIONAL TRUST FINANCE LIMITED (Incorporated in Singapore) ANNOUNCEMENT Pursuant to Article 32(4) of the Articles of Association of the Company, it is hereby announced that from declarations received by the Company as at the end of the last quarter of 1986, beneficial ownership of the issued capital of the Company
      245 words
    • 190 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 188 AND IN THE MATTER OF DEXTER MANUFACTURING (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN in pursuance to Section 306 (1) of the Companies Act, Cap. 185, that a general meeting of the abovenamed company will be held
      190 words
    • 190 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND IN THE MATTER OF YUASA MACHINERY (S) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY OIVEN In pursuance to Section 306 (1) of the Companies Act, Cap. 185, that a general meeting of the abovenamed company will be held
      190 words
    • 42 14 A MONTHLY JOURNAL OF BUSINESS TRENDS Are tobacco companies feeling Asean: A rime of tax reform the heat? Life after Worh: Sports sponsorship: Tennis, anyone? Executive hidstuff Comics are becoming a serious business A Times Periodicals publication JANUARY 1987 NOW AT NEWSSTANDS
      42 words

  • Page 15 Advertisements
    • 165 15 HOW TO PROFITABLY ENTER THE U.S. MARKET WITH ASEAN PRODUCTS. Very often componies fail to make a sustained impoct in the U.S. market not because of a lack of effort but a lock of understanding. Critical areas like product positioning, market segmentation and market niches are not fully understood. This
      165 words
    • 65 15 This announcement appears as a matter of record only A ELDERS PICA ASIAN GROWTH FUND LIMITED (incorporated under the laws of the Cayman Islands) USSISOOQOOO PRIVATE PLACEMENT OF CLASS A PREFERENCE SHARES Investment Managers: ELDERS PICA (PTE) LTD (incorporated in the Republic of Singapore) Sponsors for the Private Placement: Yamaichi
      65 words

  • 497 16  -  Building contract worth $94 million By JEFFREY TSANG MAINLAND INVESTORS, a consortium of five contractors set up to win business in China, has secured a $94 million deal to build a hotel in Shanghai. This marks the first time that any local contractor has
    497 words
  • 250 16 AFP DISSIDENTS warned yesterday that Indonesia's new austerity budget could worsen civil service corruption, while press reports said that it would not work unless examples were set at the top. A salary freeze for 3.1 million civil servants and the 400,000strong armed forces and police included
    AFP  -  250 words
  • 177 16 Reuter TAIWAN'S trade surplus jumped 50 per cent to a record U5515.62 billion last year in the latest sign of the strength of the country's economy. Official figures released yesterday also showed that foreign trade volume had reached a new high at the end
    Reuter  -  177 words
  • 247 16 IT WOULD NOT be possible for Singapore to reverse current trends and bring back polygamy, said Prime Minister Lee Kuan Yew in an interview with the New York Times. This statement was made four days after his talk on December 12 at
    247 words
  • 107 16 ETHNIC Chinese communities in South-east Asia are increasingly becoming a political liability to China ss it seeks more stable ties with governments in the region, according to a US scholar. Robert Ross of the University of Columbia said that Beijing's links with
    107 words
  • 339 16  -  By SOH TIANG KENG, Financial Corraapondant TAX CUTS and a new wage policy linked to profitability and productivity have made Singapore more attractive to foreign investors. This latest assessment of the Republic's investment climate comes from Britain's Lloyds Bank. The bank, in the latest issue
    339 words
  • 217 16 STANDARD Chartered Bank has launched a personalised service which is aimed at the top one per cent of the working population. Specially selected customers, who join what the bank calls the Priority Banking scheme, will be offered free personal accident insurance up to $100,000; credit
    217 words
  • 112 16 Reuter FORMER Philippine Defence Minister Juan Ponce Enrile said that Filipinos had peacefully removed Ferdinand Marcos and there was no reason why "we can't do it again". He made the remark in a speech to a civic club in Manila on Tuesday
    Reuter  -  112 words
  • 516 16 Bernama EIGHTEEN deposit-taking co-op-eratives were placed under receivership by the Kuala Lumpur High Court yesterday. Justice Datuk Harun Hashim made the order following a Bank Negara application which was heard in a packed courtroom late yesterday evening. The bank had named 23 DTCs in the
    Bernama  -  516 words
  • 81 16 COMEX GOLD futures rallied to unchanged on mixed buying yesterday morning after the market stood up to another test of the important support at US$4OO.OO. In fairly active business, gold for delivery in February rebounded to Tuesdsy night's settlement price of U*****.20 an ounce with the selling pressure
    81 words
  • 72 16 Reuter WALL STREET stocks inched higher in early trading after resisting some mild profit taking at the opening bell. Momentum again played the key role in pushing stocks, but firmness in the bond market in the face of a weak US dollar provided some optimism. The Dow
    Reuter  -  72 words
  • LATE FILE
    • 70 16 Reuter THE BANK of China does not want to take over the role of Hongkong and Shanghai Banking Corp in Hongkong or control the colony's financial affairs. Huang Diyan, head of the BOC's Hongkong and Macao office, said that the Hongkong bank had contributed
      Reuter  -  70 words
    • 42 16 AP THE VALUE of Indonesia's industrial output reached US$l6.3 billion last year, up 21.6 per cent from 1965. Industry Minister Hartarto said yesterday that the highest growth had occurred in the production of machinery and basic metals. AP
      AP  -  42 words
    • 50 16 Bernama THAI Prime Minister Gen Prem Tinsulanonda has vowed to fight any coup attempt, saying that he does not believe in the use of force to change the government. He also declared the political will to take unpopular decisions crucial to national interests. Bernama
      Bernama  -  50 words
    • 29 16 AFP A US SPOKESMAN in Manila yesterday dismissed a Soviet report that Washington planned to transfer its giant military bases from the Philippines to Indonesia. AfPr
      AFP  -  29 words
    • 35 16 AFP COMMUNIST rebels yesterday admitted for the first time that Philippine rebels were receiving material aid from foreign governments but denied knowledge of an offer of Soviet arms and money.
      AFP  -  35 words
    • 59 16 Reuter CHINA'S top leader Deng Xiaoping secretly ordered a crackdown on pro-democracy demonstrations after unrest spread to Beijing from Shanghai last month, according to sources in Beijing. In a message to senior officials on December 29, Mr Deng ordered the authorities to be a little tougher and
      Reuter  -  59 words
  • Page 16 Advertisements
    • 51 16 T y t H w V--35* < t 6 .XO »r u V Exchange coupons for 1 small bottle (35 cl) REMYMARTIN XO SPECIAL Or 5 coupons for 1 large bottle (70ci) Just dine at Singa Inn Seafood Restaurant every SHO entitles you to I coupon. m a y» ii.
      51 words
    • 9 16 Leader, Page 8 Indonesian election candidates named, Page 4
      9 words
    • 486 16 De Bono on Creativity Lateral Thinking Singapore, March 16 17, 1987 A IN ORDER TO REACH A SENIOR POSITION AN EXECUTIVE SHOULD BE WITHOUT OR SHOULD HAVE KEPT HIDDEN EXACTLY THE QUALITIES THAT HE WILL NEED WHEN HE GETS THERE Edward de Bono Edward de Bono is the author of
      486 words
  • Page 16 Miscellaneous

  • SHIPPING TIMES
    • 127 17 DATA-SHIP of Norway, said to be the world's biggest shipping software concern, has set up a subsidiary in Hongkong called DataShip (HK) Ltd. Data-Ship offers software for all major shipping functions using Wang computers. It also provides computer consulting for customers on a worldwide
      127 words
    • 386 17  -  By G DURAIRAJ PHASE TWO of the fuel saving project which the Singapore National Shipping Association is studying on behalf of the Federation of Asean Shipowners' Association is expected to be completed by March. The report will then be discussed
      386 words
    • 272 17 THE SINGAPORE National Shippers' Council is organising a seminar catering to businessmen trading with China or planning to enter the China market. Focussed on the theme, Cargo Claims and Insurance in China Implications and Settlements by Local Traders, the seminar will be
      272 words
    • 303 17 Lloyd's List COLOMBO PORT is optimistic about 1987 and hopes for the go-ahead to a major Japanese aid development programme to bring four of the existing five berths at the Queen Elizabeth Quay up to international standards for sophisticated container handling. The
      Lloyd's List  -  303 words
    • PORTSIDES
      • 64 17 MARSEILLES-based Compagnie Maritime d'Affretement (CMA) has appointed Liner Shipping Agencies as UK export sales agent for its fortnightly service to India and Pakistan from Felixstowe. Liner Shipping Agencies, which has replaced SCL Container Agencies, also acts as UK sales agent for CMA's recently introduced Europe-Far East
        64 words
    • 725 18 Reuter SIX JUMBO container ships line the Manhattan's West Side Docks as mute testimony to both the general problem of overcapacity in the world shipping industry and the specific problems of McLean Industries Inc. McLean, whose subsidiary US Lines Inc is
      Reuter  -  725 words
    • 296 18  -  By Kingsley Wood A NEW contract worth As3oo million with Egypt has taken Australian Wheat Board sales of this season's crop over the 10 million tonne mark. The annual two million tonne deal, which was stalled for some two months by a
      296 words
    • 142 18 THE PORT OF London Authority has from Jan 1 lowered port rates on cargoes and revised conservancy charges on vessels. This will result in its revenue from port rates decreasing by 10 per cent from last year, making it the third consecutive year of reductions
      142 words
    • 699 18 AB Shpg V 5 Accord Shpg VI 3 Alltrans VII 3 Anro Service IV 2/3 AN1 1 1/2 ARC Line V 4 API III 2/3 ASCI III 1 Balt-Canoda Line VII 4/5 Bait-Orient line VII 4/5 Bank Line V 5 BBS II 4/5 Ben Line Cont V
      699 words
    • 1305 18 GRAIN chartering featured an otherwise dull freight market on Tuesday with firmer levels reported paid from the US Gulf to Japan, shipbrokers said. A vessel was said to have been arranged for this voyage at US$ll.5O and there was also unconfirmed talk that two vessels including the Panther
      1,305 words
    • 175 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
      175 words
    • 197 19 UNITED States Lines is evaluating offers to charter or buy over its giant container ships, said chairman and chief executive Charles I Hiltzheimer. In an interview with the Journal of Commerce, Mr Hiltzheimer added that US Lines intends to lay-up all
      197 words
    • 381 19 Reuter SOVIET SHIPPING companies afe under attack for lax observation of navigation safety rules leading to numerous accidents at sea and a loss of millions of roubles annually. Vodny Transport the organ of the Merchant Marine Ministry, said directors of the country's four
      Reuter  -  381 words
    • 335 19 Reuter A JAPANESE-FLAG tanker in the southern Gulf was hit by a missile fired by an Iranian gunboat at 1954 GMT Tueaday, but no injuriee were reported and the ship waa not on fire, shipping sources in Tokyo said. They said the 238,500-dwt
      Reuter  -  335 words
    • 202 19 AFP A MERCHANT vessel that fired a missile at a US helicopter probably thought the aircraft waa Iranian and might launch an attack, shipping officials and diplomatic sources said. The US Dafanca Department waa investigating the identity of the merchant
      AFP  -  202 words
    • 157 19 UPI ICELANDIC merchant shipping crews went on strike on Tuesday, joining a six-day walkout in the fishing fleet that has paralysed the nation's fishing industry. Some 1,000 members of the merchant seamen's union struck at midnight on Monday after failing to gain a 20 per
      UPI  -  157 words
    • 215 19 ALL SURVEYS are conducted on Dec 15 Argentina Buenos Aires: 30 vessels operating. Australia Brisbane: Normal operation. Melbourne: Normal operation. Sydney: Normal operation. Brazil Rio de Janeiro: Waiting time of 1 day. Cameroon Douala: Normal operation. Chile Valparaiso: Normal operation. Colombia Buenaventura: Waiting time of 1 day. Cyprus
      215 words
    • 212 19 Lloyd's List A NEW merchant shipping register is to be established in the Channel Islands. Legislation to set up a restricted Jersey register has been drafted and is likely to become law this year. But a Merchant Shipping Registry of Ships (Jersey) Law seeks
      Lloyd's List  -  212 words
    • 7706 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.
      7,706 words
    • 753 25 CONTAINER TERMINAL DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Gdns FCL Ship Arrival for LCL movement Voy date/time Operator cargo schedule Location Great Univer 41 08.01 87 1800 Star Shpg F7 0900-1000 G4 Islamabad 48HW 08 01 87 2300 Eastern M F7 1000-1100 K1 Sov Accord 71 08.01
      753 words
    • 512 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Als Harmony K15 Kim Shpg alongside 10.01/1500 Berlin HDD K17 S'pore Shpg alongside 08.01/1100 F'east Vanguard K19 Sin Chiao alongside 13.01/2300 Kannikar K33 NTYSS alongside 08.01/1100 Kota Bakti K3I Pll alongside 10.01/0600 Niaga 42 K27 Kalimantan alongside
      512 words
    • 127 26 Arss/Port Viscosity CST at 50C Density G/ML at 15C Watsr Volume 0/0 Africa/Red Sea Jeddah Durban Arabian Gulf 109/184 57/184 0.944/0.985 0.976/0.994 0.2/2.2 0.0/0.6 Ras Tanura Bahrain Europe 112/165 181/186 0.940/0.949 0.973/0.976 0.0/0.1 0.1/0.1 Rotterdam Hamburg Le Havre Genoa Far Eaat 82/510 57/381 157/360 36/268 0.961/1.009
      127 words
  • Page 17 Advertisements
    • 476 17 (liaml)tis t >! h !M l 1 )l('U< >11;11 OfyENT Overseas CotUdmx Line NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORE D ROUTING I EXPORT M *1 a w UN CNTON NFK NYC KFX \n 120 i« iw I*2 10 \w nn nn sn NORTH AMERICA CALIFORNIA PNW WEST CANADA W1
      476 words
    • 69 17 mm SIX JUMBO container ships line the Manhattan's West Side Docks as mute testimony to both the general problem of overcapacity in the world shipping industry. Page II SOVIET SHIPPING companies are under attack for lax observation of navigation safety rules leading to numerous accidents at sea. Page 111 Index
      69 words
    • 854 17 r tX fHt Available at all good bookshops EH Cl FEDERAL PUBLICATIONS THE HEART OF THE DRAGON MAERSK LINE /m EAST AFRICA SERVICES INAUGURAL SAIUNG TO DAR ES SALAAM MOMBASA NAIROBI ADRIAN MAERSK VOY 8703 etd SIN 17.1.87 TODAY nsi M-IK/1* a 22/1 I 23-23/1 30- XVI TO 13/1 to
      854 words

  • Page 18 Advertisements
    • 358 18 OUTBOUND TO WORTH CONTINENT COMPMNIE MARITIME D'AFFRETEMENT' 3 i ll' 14 1 in :,»13 liiH: FAR EAST TO MEDITERRANEAN AND EUROPE ALSO ARARIAN SULF AND INDIAN SDD CONTINENT VIU£ DC NERCUftC I aaw Villi DWANUS CMW mux k piuton aim accenting car|o to *11 U.K. dwtMutwm. Scandinavian (Ajrtmt. OUTBOUND TO
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    • 404 18 EUROPE/FAR EAST CONVENTIONAL SERVICE TEL: 03-*****50 MALAYSIA MM. mo. TLX: ***** MTM Frt. Booking contact Miss Gan MG S PORE LOG. FOR Further load/ discharging pom an rout* subject to sufficient inducement Singapore Agent Goodrich Maritima Pta Ltd. Tai: *****36 Tlx: RS ***** GRMSiN Supercarrier Service TO: PANAMA US WC/EC/GULF
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  • Page 19 Advertisements
    • 458 19 The Straits Steamship Group i Mansfield Container Shipping Re Ltd no/\r*| PAO Container* Linked STRAUS SHPPftIG Singapore to Sabah, Sarawak, Bnmai Porta and Bangkok SERVICE TO UK/COtURENT:/] mfi aa aa aa ma mc m ma uu i* ua *a aa m m m I m Cargo Fori m up m
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    • 391 19 Franco Belgian Services A rl] (MEMBER OF ACE CONSORTIUM) TTT i. >.tii H4 fa (MEB CLUB MEMBER) CHARGEURS HAVRAISE Am rrw r lUL 11 3 3 ,ij Si CHARGEURS REUNIS ;p MI CON T A NfPISFD FtO V.F^ T APR Opt org Shipping Pte. Ltd ILL M A L-Nt Anglo-French
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  • Page 20 Advertisements
    • 168 20 l'» CONTINENT/UK EXPORTS fO EUROPE MED t>n PR Naang UiiMt Wtao torn Murf Mm tmm un xw w aa w FROM N CONTINENT &UK IMPORTS mm SOUTHEAST ASIA PTE. LTD. INTERNATIONAL FREIGHT FORWARDERS CONSOLIDATION SERVICE WEEKLY Singapore: BIRKART SEA Ip *****11 Pt Kelang: BIRKART SDN BHD Tel 77-***** W PM
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    • 677 20 JCSline mu mwm cm*m* rm FULLY CONTAINERISED SERVICE JO (UflOPl VIA Sill s r r Conwlwm it. ii' a w owl) on (ROM I'JROPE VIA SUf/ 8M nhfr ot thf Arp Consortium KOREAN CHANCE St SEVEN SEAS MIDGE MERCATOR OE C.R. TOKYO 7E CONVENTIONAL SERVICE TO PERSIAN GULF INDON STORE
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    • 257 20 r Hfl» Sun Hup Co (Pte) Ltd f f l ??04<»0f> (?0 I mi'si Tt X MS ??obl RS ?ob/7 4 i \s 11 k < \k I i\ i k ill) STRAITS/JAPAN/STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS Loading at appropriated Borth NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG.
      257 words
    • 966 20 I II I 1 m I EVERGREEN 1 Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ncgntMLMniMMliV B us us us M as ac in sj bj mi w an rp w vi in an an an an w an un m m w naunuvaasnav w a w an 'D m
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  • Page 21 Advertisements
    • 627 21 1% A PACIFIC INTERNATIONAL LINES \Vk\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel *****33 FAR EAST CONTAINER SERVICE I KAO TCH Of MM HUB *HTC IN KOI KB mh an Mn an am i/t an in I «l M M M 1M 1M 1«l MA 1M itn a*i
      627 words
    • 320 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT on m an m w 10 W HP ua on an oj2 ao w m MO M 7B w an m an an Mfl M IP a* M 173 EXPRESS CONTAINER SERVICE FROM UK/CONTINENT NM IHAVEN rOAMNAVKSTM IfJ (KjJEBSEN LINE V M NEW
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    • 323 21 OJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESUM LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLDYD ►J also' *lam^*»anl^TT^s nt ionai cargo via t/s to uk PORTS, NULL. L£ HAVRE. OSLO. COKNKAGOI. AARHUS, GOTHENBURG AND PORTS, NULL. HELSINKI :< F'V/I DJAKARTA LLOYD INDONESIAN NATIONAL LINT •rM Ttt IK
      323 words
    • 257 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR NTOMAYWA VMNT PA-AN VIM PAGAN VMM HANDALAY Loading tar tun** (Burmese National Line) Loading for Rangoon S pore P.fotanf Ponang Bangkok MJM 12/13 Jan IVHJan 2/3 F* 4/SFafc V* NORTHBOUND TO UKC SPOKE ROAM HULL CLYDEBANK VM M/l M 11/2 ANJOU VIN 29/1 27/2
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  • Page 22 Advertisements
    • 1031 22 \.»:"K"line KAWASAKI KISEN KAISHA, LTD. (HMD VS. MOTHER VSL SPORE PKLG PNG SPORE KOBE GUAYAQUIL CALLAO ARICA IQUtQOE AfAGASTA S.ANTONW VALPARAISO r~MIOGE V B N. TRUST V3M2 7 lan I Jan Jan 11 i*n IFA 7 Fab 15 Fa* a Fab (pmUIL AMBUCA/CAMKAM SEA FHOER VSL MOTHER VSL PKLG PNG
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    • 507 22 'M AUSTRALIA EXPRESS CONTAINER SERVICE »"iplH FCUPCL Containers P.Kalaa| I* Vmhl S-pon IMb Fram Sy*i ANo Accai IMcm »J» SFtHMUM AAYBna HTSi'PS.* 101 "*A**r *27 IU MU Slh llkr MMm |E' i JfTHI INDIA EXPRESS CONTAINER SERVICE OcciMm PCUPCL Cowtal u Vf" PRetam I***fcr ■**.*5 WatariHaMi/Tiii iitwc( CALABAR VJI i.O
      507 words
    • 661 22 GOLDEN LINE GUAM GUM) SWPMC (PTE) LTD 23. M »r» Sfrwt vmurm «im tu mum <11 lbo) STRAITS/PERSIAN GULF SERVICE: Vpm pjum* BOLDEN HARVEST Cotonbafllarecto/DiMatfKaMt IM7 ton OCX DC* HAVEN Cotomto/fercfeMunt/Dota VM Fa* CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA P.KLANG PENANG DESTINATION 21/1 3/2 Rottentam/HaNiiMri/Aiitwerp OASHIQIAO
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    • 328 22 INTRASEA (PTE) LTD 10 Anson Road »27 16 Inte^n^f Pia/.i S«n<|aDOf#> 0207 Tel *****11 (lOL.nes) BREfIKBULK SERVICE TO EUROPE/UK rn r77 UU-' H-.1l mil ..I'.'M.' HV MPOtTEX S*im P. Katong LmMni torlSfl m SETE/NOT/ANT/UKfIWU) 1 mil RON SHIPPING AGIN CHS PTI LID I PHIII OR If NI 11 NFS PIF
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  • Page 23 Advertisements
    • 596 23 S port NEPTUNE AGENCIES PTE. LTD TeUto Office Totm* CPf BOOKINGS ZMKn 27M77 MB *****9 Of DNKCT LINES Ft lU/AUST TPA/SCA 2787S *****2 *****2 77*1 H 77*11» 77*111 NEPTUNE ORIENT LINES LTD i! NEPLINE SON. BHO WC—pawa NEPLINE SON. BHO. NEPIINE SON. BHO. UOmMßfiZmtltlMliaMi FAR EASTI TDEUROF 5; IYW EUROPE/UK
      596 words
    • 419 23 HEUNG-A SHIPPING Korean Flag Vessels OONAM SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG BUSAN. INCHON Kitus.. Sr !r» a— a!£Tto2SK> IS KiKSSS SS r §S jg unJSJrSJSu,*" Plttl lUNI'. Ntd,lN! #1,1 Nl lIS Plf I If) If I .'.•*<♦<»// .'KM >4 -H.KXuif'. .'.'.'/Sid .'.'l.'O?.' (OpriiliunM '4H 'OVM In ITU lil
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    • 702 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG PENANC M/S SHARWAT WAN SOON SON. BHD IST ANO 2ND FLOOD, MESSKS HAI THONG SHIPPING
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    • 45 23 ta I I MONCKGNCSTKAITt I ORIENTAL RUNNER VJIA SiiM tt» HAM NoJ VJM MM Ntm HAJtU V.4A SMM RiAU VJA iyi U/l SHIBUSAWA HE I SHIN A N.T.Y. TPTN CO. PTE. LTD., 10. Cadi StrMt *11-M CB BuiMtnt S pon (UK TEL 123*22 a Lint)
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  • Page 24 Advertisements
    • 264 24 Hfif REGIONAL CONTAINER LINES TO BANGKOK (4 SAILINGS A WEEK) l/.1f./.I TO SOUTH THAILAND aca m rm PIT*! T7< TO P.KELANG PENANG (2 SAILINGS A WEEK) mm 79 HH i. i( II BfNGAI BAY CONTAINER FEEDER TO Al CUTT A CHALNA/CHITTAGONG I I PORT MIANf, FARYS MARITIME IM <hX'Shi P.NflNu
      264 words
  • Page 24 Miscellaneous
    • 152 24 Regional Weather %4 Va _j is 0 ■<* l\S !>"•»• SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed m knots Wove height R Thunderstorm Temperature c A\ Shower Weather Wmd direction with speed m knots Rom Wove height Cloudy Sky Surfoce winds are indicoted
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  • Page 25 Advertisements
    • 175 25 SI Will CALL US AT: K. LUMPUR P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE *****68/*****56/*****48/*****93 *****11/4 04 *****2/4, *****3 07-*****8, *****8, *****5 07-*****1, *****3, *****5, *****0 02-*****22 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE |i iv 'iji.'/y T77T rr-TT rrr* i. permai at OTHER DESTINATIONS: AARHUS, AMSTERDAM ANTWERP, BASLE, BREMEN. BREMER
      175 words
    • 368 25 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: PT R un u/i V 2 K VI 13/2 ■V TON NIL ITC-tt Ao*rrtm: SINGAPORE: CALICO SHIPPING PTE LTD Tp: *****66 TV RS ***** CAUCO Fax *****71 PORT KELANG: PERKAPALAN UTAMA SON BHD Tat: 388ngs« KOTA KINABALU: KESAWAN SHIPPING SON
      368 words

  • Page 26 Advertisements
    • 92 26 i' K&S LINE JAPAN STRAITS SERVICE SANKYO LINE (S) PTE. LTD. 143. red Sliret *1(1 04 CB HtMlchng S po»r 0106 IH ?;i9?bS Fort Keljnf lijj Piiu Shippnif Sdn Bhd Irl 03 *****74 S Pef.wj Mjlayui Irjdf K I>an\po»l lid Tel 04 *****3 Pjs» wjdjnf MjljYMjn Shippmf Affncifs Sdn Bhd
      92 words
    • 362 26 !,**</!(-"%[.:_+?\."}|-@`}.$~)@ A *2 y^m wcr.. os' v ,jiy ffC If Mitsui OS K. Lines Ltd ur CONVENTIONAL/SEMI-CONTAINER ATLAS MARU 10 Jan OCEAN ELITE 11 Jan WATERGEUS 2 Feb AFRICA MARU 27 Jan SUBJECT INDUCEMENT Mombasa. Daressalam. Tanga. T amative Mombasa. Daressalam Mombasa. Daressalam. Tanga Port Louis, Reunion AFRICA'S FULL CONTAINER
      362 words
    • 17 26 LIN LIN SHIPPING PTE. LTD. I Mfuim Rw*. mm Cantral MMi* Si won OK tST 53JM4 SMS
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