The Business Times, 15 January 1987

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 THURSDAY, JANUARY 15, 1987 75 CENTS
    12 words
  • 227 1 STOCK MARKET THE STRAITS TIMES Industrial Index closed 2.42 points higher at 957.97 while the more broad-ly-based BT Composite Index edged up 0.76 point to 843.66 yesterday. Turnover remained heavy at 47.6 million shares worth $107.7 million, which was slightly less than Tuesday's 49.9 million valued at
    227 words
  • 534 1  -  About 2,000 more workers needed this year By BOEY KIT YIN THE DISK DRIVE industry in Singapore is expanding so fast that it will need some 2,000 more workers this year, industry sources said. This means an increase of 16 per cent over
    534 words
  • 118 1 THE SALE of the Emporium Holdings group to Hongkongbased Malaysian businessman Ch'ng Poh is expected to be finalised early next week. Sources indicated that Mr Ch'ng had completed studying the group s statement of financial affairs sent to him last weekend and there
    118 words
  • 106 1 AN INQUEST on the late national development minister Teh Cheang Wan s death will be held on Tuesday. It will be the only hearing in the Coroner's Court that day. Seven other cases scheduled for that day have been postponed. Coroner's inquiries are held for cases where
    106 words
  • 312 1  -  By LUCY NG REPRESENTATIVES of more than 30 Singapore-based banks with outstanding loans to the closed National Bank of Brunei (NBB) will meet its controller in Brunei this morning to get an idea of when they may recover their funds, estimated to be $400
    312 words
  • 242 1 Reuter THE SOVIET UNION said yesterday that it had proposed formal talks with the Association of South-east Asian Nations in a bid to improve its ties with the region. The proposal, based on the dialogue Asean currently has with the US,
    Reuter  -  242 words
  • 528 1 Reuter THE US DOLLAR plunged to its lowest levels in more than six years on European foreign exchange markets yesterday, forced down mainly by gloom over prospects for the US economy this year, dealers said. The dollar dipped as
    Reuter  -  528 words
  • 115 1 UPI THE SHARP FALL in the Australian dollar below the US 65 cent mark triggered the first substantial shakeout of the New Year on the Sydney Stock Exchange yesterday. At the close of trading, the All Ordinaries Index fell 26.6 points to 1525.9. Falls occurred across
    UPI  -  115 words
  • 489 1  -  By CHUANG PECK MING LABOUR LAWS must be adjusted to differentiate full-time from part-time employment if more housewives and retirees are to be induced to return to work, a trade union leader suggested yesterday. Goh Chee Wee, an assistant secretary-general of the National
    489 words
  • Page 1 Advertisements
    • 131 1 Nutritional supplements for the whole family •JTWq LOANS. AT r§\v LONGER HOUSING LOANS UP TO 30 YEARS LONGER CAR LOANS UP TO 6 YEARS New Cars Used Cars 1 year 4.25% 4.75% 2 years 4.50% 5.00% 3 years 4.75% 5.25% 4 years 5.00% 5.50% 5 years 5.25% 5.75% 6 years
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    • 312 1 EC: open skies and politics GOVERNMENTS of the 12 member states of the European Community are not prepared to follow the open skies policy of the United States as they regard unbridled airline competition as harmful for the industry. Moreover, politics and national interests tend to prevail over the economic
      312 words
    • 3 1 Sm Page 11
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    • 98 1 BALLY Switzerland 'nn~'< "I !>hij\ i i.jUrn^t =V Sole Agent S G P»rr#n Son (Pt»| Ltd Singapcve Shipping Tlmaa comn at a separate taction today. Maka aura you gat your copy. BALLY of Switzerland ...meets the challenge of today Ct? f T. VV- X —A»t> A V r > n
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  • HOME NEWS
    • 426 2  -  74 exhibitors out to impress electronics experts By ANNA TEO TRADE AND MILITARY delegations from Thailand, Indonesia, Malaysia and China are in Singapore for a major defence electronics show opening today. Out to woo them during the Electronics for National Security Asia 87 and International
      426 words
    • 99 2 THE PUMP PRICE of automotive diesel oil (0.05 per cent sulphur) has been raised from 37.8 cents per litre to 42.5 cents per litre. This was due to increases in diesel oil prices posted by the oil companies, the Ministry of Trade and
      99 words
    • 125 2 THE Second Minister for Defence (Policy), Dr Yeo Ning Hong, expects all Singapore Armed Forces units to use computers to help servicemen and officers learn different skills. Dr Yeo, who is also the Minister for Communications and Information, made
      125 words
    • 338 2 THE 640-ROOM Marina Mandarin Hotel officially opened its doors yesterday, the second of the three hotels in the $1.2 billion Marina Square hotel and shopping centre project to do so. The hotel, managed by Mandarin Singapore International Hotels, is aiming for
      338 words
    • 484 2  -  By LUCY NG A SUBMISSION that there was bias surrounding the sentencing on opposition politician J B Jeyaretnam a sentence which cost him his Parliament seat was vigorously questioned by the Court of Criminal Appeal yesterday. Chief Justice Wee Chong Jin described the
      484 words
    • 357 2 SINGAPORE AIRLINES (SIA) will enjoy greater flexibility in planning future flight schedules to Europe and the United States following liberalisation of the air services agreement (ASA) with Turkey. After three days of talks, aviation authorities from the two countries yesterday signed
      357 words
    • 422 2 INSTANT ECONOMIC DATA will be available to the public in June when the Ministry of Trade and Industry opens a time-series database. This means that anyone with a telephone line and a personal computer can call up information on selected economic data, which will
      422 words
    • 245 2 CHINA AND MALAYSIA have reached preliminary agreement on 33 joint venture projects and trade arrangements worth $4 million. These were a result of discussions held between Malaysian businessmen and a Chinese delegation at a fiveday conference in December in Kuala Lumpur. Chang
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  • Page 2 Advertisements
    • 84 2 THE TYPEWRITER OUR COMPETITION DOESNT VWVNT YOU TO SEE OR HEAR m m m m mm m •mi. m m m m mm s m M m m •:i M.I Brother Business Machines Singapore 7 Kaki Bukit Road 2 *02-08 Great tacific Warehouse Singapore 1441 lei 743-8000 Malaysia 37 Jalan
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  • Page 2 Miscellaneous
    • 1167 2 wtmwm THURSDAY FEATURE SPECIAL Arthur 10.30pm, Channol 5 Dudley Moore (left) plays a fun-loving young heir who refuses to grow up, until his family threatens to cut him off unless he does. Sir John Qielgud is Hobson, the butler who tries to teach him about reality while protecting him from
      1,167 words

  • ASIA-PACIFIC
    • 590 3 AP RIGHT-WING POLITICIANS, including supporters of former president Ferdinand Marcos, yesterday announced that they were joining forces to oppose the new Constitution and the "charade" of peace with the communists. The announcement was made at a press conference attended by ex-defence minister Juan Ponce
      AP  -  590 words
    • 336 3 AFP A PROMINENT Indonesian dissident group yesterday said it was inappropriate for Parliament to remain silent on a series of press articles which charged that business monopolies linked to members of President Suharto s family were hobbling the economy. The group was referring to
      AFP  -  336 words
    • 223 3 AP WHILE TRYING GRADUALLY to improve the climate for overseas investment in China, Beijing authorities tend to withhold what many foreign businessmen desire most access to the gigantic domestic market and repatriation of profits, a US researcher says. Chinese approval of joint production ventures
      AP  -  223 words
    • 76 3 Reuter SOUTH KOREA reduced its foreign debt by US$2.3 billion to U5544.5 billion in 1986 and plans to slash a further US$2.7 billion this year. Deputy Prime Minister Kim Mahn-Je, also Economic Planning Minister, reported on Tuesday to President Chun Doo Hwan that the
      Reuter  -  76 words
    • 387 3 Reuter PRIME MINISTER David Lange said yesterday his Labour government would not be deflected in its determination to reform New Zealand's economy even though elections will be held this year. Mr Lange also declared there would be no early poll, which must be held
      Reuter  -  387 words
    • 336 3 AFP JAPANESE Foreign Minister Tadashi Kuranari has warned against any attempt to destabilise the South Pacific and pledged increased economic aid to the region. "Japan will do its utmost to assist in preserving the political stability of the Pacific island region," said Mr
      AFP  -  336 words
    • 344 3 UPI UN SECRETARY-GENERAL Javier Perez de Cuellar said the 15-nation Security Council should hold an urgent meeting at the "highest level" to try to end the "massacre" between Iran and Iraq. The UN chief executive said the council's five nuclear powers should work
      UPI  -  344 words
  • Page 3 Advertisements
    • 131 3 7 I!/L 'f M 7 >• I '//< IN< l/. '-i. Q' rr JL \l( K< < Irs I'»< 11/ Cycle Carriage Industries (1986) Pte Limited t«mW oiMC/UKi C»--(V* 'j"*' The new 'S doss. This is the new Mercedes-Benz 'S' c/ass Machines that surpass all previous standards of excellence Six
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  • REST OF THE WORLD
    • 510 4 AP A CHANGE in moral attitude among young Americans may be partly responsible for stock tradViing scandals, but business, law IT schools and the financial mar- kets must share the blame, the I US Securities and Exchange X&ommission (SEC) chairman K Chairman John
      AP  -  510 words
    • 99 4 Reuter CAPITAL APPROPRIATIONS the approvals to spend money in future for new plant and equipment rose in the third quarter of 1986, according to a Conference Board study of the 1,000 biggest manufacturers in the US. Appropriations reached US$2O.2 billion in the third quarter,
      Reuter  -  99 words
    • 240 4 UPI THE MEXICAN government has announced "100 necessary actions" to combat Mexico City's high pollution, but the Ecology Minister said it would be "naive" to think the actions would solve the problem. "We will have to be consistent and not let the ecology
      UPI  -  240 words
    • 267 4 AP A MUCH-HERALOED round of new global trade liberalisation talks appears to have bogged down in Geneva, making progress on a separate US-Canadian accord even more critical, a senior US trade official has said. Peter Murphy, the chief US negotiator
      AP  -  267 words
    • 463 4 NYT THE US SECRETARY of Labour told a Senate Committee on Tuesday that there was a dangerous trend in which American workers with insufficient skills were seeking jobs that demanded ever greater skills. "It's an insane tragedy." Bill Brock told the Committee on
      NYT  -  463 words
    • 269 4 UPI SENATOR Patrick Moynihan. Democrat for New York, has said the US has become the first nation in history where children are the poorest people in the country. "The United States has become the first society in history in which the poorest group
      UPI  -  269 words
    • 782 4 ARRIVALS Operator Service Local From number time OA OA472 0015 SYD/MEL UA UA805 0100 SFO/HKG SU SQI1 0125 LAX/NtT SIA SQ416 0655 DAC/CCU MAS MH681 0820 KUL MAS MH811 0910 PEN MAS MH671 0920 KUL SU SQ103 0950 KUL AC AC858 0950 YYZ/LHR/BOM CPA CX710 1015 CGK
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    • 206 4 Reuter TALKS about a West European share in a planned US manned space station are threatening to collapse because there are major differences between the two sides. West German government sources said yesterday that the US had refused to agree to a sufficiently
      Reuter  -  206 words
    • 82 4 ANTI-SMOKING TOBACCO HEIR Patrick Reynolds, a grandson of the founder of R J Reynolds Tobacco Co, holding up packs of cigarettes while giving a thumbs down In his attack against cigarette smoking In this 1986 photo. Anyone suffering 111 health from smoking could call their
      AP Photo  -  82 words
    • 299 4 FT A BRITISH High Court judge has finally removed doubts about the legality of UK-registered companies changing from sterling to non-sterling capital by granting requests from the UK subsidiaries of two US institutions. The approval to switch to dollars, granted by Mr Justice Vinelott on
      FT  -  299 words
    • 399 4 Reuter THE HEAD of Portugal's official Foreign Investment Institute (Fll), Raquel Ferreira, has said she believed foreign investment would rise significantly this year, with investors taking advantage of more liberal legislation and European Community (EC) membership. She said new foreign investment legislation, introduced last
      Reuter  -  399 words
    • 504 4 NYT BRITAIN, a nation that just a decade ago went to the International Monetary Fund for a bail-out loan, has become the world s second largest international creditor, trailing only Japan. At the end of 1986, Britain's nest egg of net overseas assets the
      NYT  -  504 words
  • Page 4 Advertisements
    • 56 4 lf\ AT T The business person's choice, I) /I I 3 every Tuesday, Thursday, Saturday I I I I and Sunday. Leaving Changi Airport I /J_ V I VL at 22:05 hours and arriving at Bombay at 00:30 hours. Call Air Canada at *****55 or your Travel Agent. Effective thru
      56 words
  • Page 4 Miscellaneous
    • 43 4 Doonesbury THANKwU mtl'M FOR 7H5 PROUD ID PtCTURS, HAVBPUm? JEREMY A SMALL ROLE, fTMEANS MRS D r. I m r N mit BY GARRY TRUDEAU 71 N 10 LAC£i~ I axjwTHAVB DONE IT tUTTHOUT THE NEGATIVE. BEST, JEREMi.' m K i A mop
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  • Page 5 Advertisements
    • 149 5 u jLUpcmng today, the Shangri-La brings woiid famous standards to Beijing bom a thousand miles away. Our 746 guest rooms and 40 suites now bring to China's capital all the luxury and superb facilities of the Shangri-La hotels in Singapore, Kuala Lumpur and Bangkok. Ur our room serv ice, fine
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  • BANKING AND FINANCE
    • 438 6  -  By ALVIN TAY THE EXPORT Credit Insurance Corporation of Singapore (ECICS) is making a US$5O million five-year floating rate notes issue, barely four months after raising US$3O million through a similar instrument. The issue will be lead managed by the Standard
      438 words
    • 121 6 Reuter ARGENTINE Economy Minister Juan Sourrouille has announced that the World Bank will grant Argentina a US$2 billion loan. He said yesterday that the loan would be disbursed this year and in 1988 to finance various economic development projects and that repayment terms were
      Reuter  -  121 words
    • 321 6 Reuter FUTURES CONTRACTS in the Australian dollar were traded for the first time on Tuesday on the Chicago Mercantile Exchange (CME), with traders giving the new contracts a mixed review. Terence McCarthy, the consul-general of Australia in Chicago, rang the opening bell,
      Reuter  -  321 words
    • Article, Illustration
      251 6 ASIAN DOLLAR deposit rates yesterday closed little changed at higher opening levels in thin afternoon trading. Dealers said that most operators were cautious. Asian dollar CD rates closed steady at the mornings levels of 6.30/20 per cent for one month, 6.25/15 per cent for three and six months,
      251 words
    • 875 6 SINGAPORE: The US dollar closed sharply weaker against most major currencies yesterday on selling pressure after a New York Times report that the Reagan administration wants a further fall in the dollar. Trading was active. Bank of Japan's intervention to buy dollars in the Tokyo market throughout the
      875 words
    • 126 6 THE OVERNIGHT rate on the Singapore interbank market closed at 1 1/4 per cent yesterday, unchanged from Tuesday. The one-month rate shed 1/16 point to 3 5/16 while the two-month and three-month rates also shed 1/16 to 3 5/16. S$ Interbank rates at 7pm yesterday: Off» M Ovarnighi
      126 words
    • 221 6 Interbank rates at 3pm yesterday: •M OBor cr«M partly Local dollars to o n« unit of foreign currency: US doHor 2.1470 2.1480 2.8196 -23.85 Sterling pound 3.2140 3.2177 7.3469 -56.25 Australian dollar 1.3773 1.3800 3.4286 •59.83 NZ dollar 1.1336 1.1373 3.4286 •66.94 Canodlan dollar 1.5705 1 -5718 3.4206
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    • 304 6 HONGKONG: Gold closed sharply higher on fairly heavy speculative buying in view of the tumbling dollar. Bullion ended at U*****.60/U*****.10 an ounce against an initial US$4lO.OO/50 and New York's close of U*****.25/75. On the local market, gold finished HK$49 higher at HK53,838 a tael. The Krugerrand rose HK$35
      304 words
    • 597 6 BA Futures MARCH Eurodollars opened unchanged from Tuesday's close at 94.02 and traded higher to 94.04 in early trading on market rumours that BOJ will cut the discount rate soon by 1/4 per cent. However, Mr Sumita's denial of the rumour led prices lower to 94.00 initially. Liffe market
      BA Futures  -  597 words
  • Page 6 Advertisements
    • 372 6 WHYCANT OTHER COMRfITBLES SIARTWORKON TIME? WBB* w Compared to the Multitech Accel 900, most compatibles I seem like a bunch of layabouts. Starting work immediately at 10MH Z it outperforms the industry standard of 6or 8MH Z I (if need be, the Multitech Accel 900 also has a selecting ability
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  • Page 7 Advertisements
    • 261 7 I WC's Da Vinci, an automatic chronograph with perpetual calendar and moon phase indicator. It will be a reminiscence of Leonardo Da Vinci's ingenuity for entire generations of watch connoisseurs to come at least until the year 2499. The century slide for IWC's Da Vinci automatic chronograph. In the year
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  • FEATURES
    • 507 8 LIKE THE SUN and the moon whose movements give us the seasons and the tide, the Lunar New Year has a pull on stock prices. So into our vocabulary have entered words like Lunar New Year rally. But unlike the sun and the moon, the direction
      507 words
    • 1796 8  -  Members regard unbridled airline competition as harmful Freer airline competition within the 12 member states of the European Community remains a pipe dream of consumers as politics and national interests prevail over the economic arguments, reports CHAN Ol CHEE. CHAN OI CHEE THE CONSUMER'S
      1,796 words
    • 319 8 The EC Commission, the civil service branch of ths European Community, is given the tssk of safeguarding the free market princlplea aa embodied In the Treaty of Rome. It develops policies snd inltistee new Isglslstlon by rscommsnding propossls to ths Council of Ministsrs. Ths Commission
      319 words
    • 449 8 WHILE MEMBER STATES of the European Community are stilt thrashing out thsir differences over details of the much-vaunted common air transport policy, the outside world is increasingly concerned about whether the final accepted form would mean greater protectionism or competition. As far as the EC
      449 words
  • Page 8 Advertisements
    • 88 8 Mi 0* •v.. v."*v> m p m Choose from Kampachis exquisite KAMPAwr Japanese Set Lunches Japanese Restaurant jf, e 1 0 fty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese
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  • Page 8 Miscellaneous
    • 609 8 CRYPTIC PUZZLE ACROSS 1 Changes of clothing (6) 7 Small bear? (4, 4) 8 It's served In a jug (4) 10 Lois upset by Ed being dirty (6) 11 Mock (and made to walk?) (6) 14 Like the price fo fine tulle (3) 16 Calvin gets round me, the beast!
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    • 30 8 RnStCMT: PianJc kcJtccf vjou've BepM sinking our CF TWC U>NDCXJ foR o^p P»N HOUC LOME'S G>o'*£> 4!^T S s 1 Guess Hcxo &RC*rS »N fvttßpcTion W t>u»LD»MG rckoss sn?eer m
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  • SPORTS
    • 453 9 AP WITH TWO WEEKS to devise a game plan, the natural tendency is to over-prepare, and that's something Denver Broncos coach Dan Reeves wants to avoid this week as his team gears up for the Super Bowl matchup with the New York Giants in Pasadena, California, on
      AP  -  453 words
    • 52 9 SUPERBOWL XXI will be brought 'live' to Pavilion Inter-Continental Hotel on Jan 26 at 6.45 am. For $180 which includes an American breakfast and a free flow of Bloody Marys, patrons can catch the action at the Royal Pavilion Ballroom whose doors will be thrown open at
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    • 364 9 AP STARS and Stripes charged into a 2-0 lead yesterday in the best-of-seven America's Cup challenger finals with a convincing 1-minute, 36second victory over New Zealand. The US boat could clinch a berth in the finals as early as tomorrow, although New Zealand can ask
      AP  -  364 words
    • 262 9 Australian Open Lend and Navratilova clear first matches AP IVAN LENDL and Martina Navratilova, tha man'a and woman'a top aaada, easily won thair firat matches yesterday to advance to tha third round of the US$l.65 million Australian open tennla championships. Lendl, playing on canter court, downed US qualifier Danny Saltz
      AP  -  262 words
    • 183 9 AFP SOUTH AFRICA'S standing in golf received another blow on Tuesday, when all but one of their tournaments were downgraded for the world rankings. Only the South African Open remains a grade three tournament, all the rest being lowered to grade four, along
      AFP  -  183 words
    • 391 9  -  By WALTON MORAIS THE FIRST MAN to achieve the elusive Grand Slam of tennis twice and an Indian Davis Cup player will be in Singapore this month for exhibition matches. They are expected to play matches against each other and against top Singapore players
      391 words
    • 244 9 AFP THIS WEEKEND, eight of the world s top snooker players will make their opening bid for the sport's richeet prize. When the Matchroom League begins at Torbay in the south-west of England on Saturday, at stake will be a jackpot
      AFP  -  244 words
  • Page 9 Advertisements

  • INTERNATIONAL STOCKS
    • 457 10 AFP FT GUINNESS BREWING GlfiNT, currently under investigation by the department of Trade for alleged irregularities in .share trading, left a £200 million trail of secret Ishare deals leading from London to Zurich, Vienna and New York, the Independent newspaper reported in London yesterday.
      AFP; FT  -  457 words
    • 442 10 Reuter WALL STREET'S new year rally showed signs of fatigue on Tuesday as stocks closed mixed in moderately active trading. Blue chips posted another record high despite a sharp decline in IBM, but the broader indices were mostly lower, giving way to some profit taking.
      Reuter  -  442 words
    • 136 10 JAN IS AbrttW C$ 2854 -Jt Imp Oil CI A Inco IntProvPip# lu Intl 53* 17* 42* 21* Alcan Alum 42% 17 Algoma St) 10* 12 Bank Nova Scotia. IS* McMil BkJI 46 Bank Of Montreal 35* 23* Ball Canada 30* 31 )i Bp Raaourcaa 36* 23 Braacan CI
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    • 220 10 JAN IS RAND rruat Bk Un S*aa< Woottru 140 86 IflOOS •10 +3 A Alpha 1275 MM Abarcom Aad 315 1560 •6 50 Angloa 7400 -100 unch -40 ifflr*515 4600 15 uncfi Blyvoor 2479 Bartow* C Q Smith CNA. Currta Financa.... 1900 3100 310 860 10 unch unch +40
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    • 538 10 JAM 11 US si Alcoa 38* 1% 13% 1% Allied &g 44% All tod StorM AJIis-Chalmar* Am Brands Inc 3% 46% 91 unch unch Am Cyanamid 81% Am Eiac Pwr 29 62% 61% Am Motor* Cp 3* 13% Amarada Haaa 29% 71% 86% Armco Inc 6% Aaarco Inc
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    • 648 10 Frankfurt JAM 13 DM JAm 308 90 BASF 296 90 -3 288 10 -69 Bejrer VaraWwbai* t. 473.00 sos no -2 -Of) Commarcfcank Cooti Gummi DNWKBwIl OrMdnar Bank ...280 10 -6 8 310.90 -1.9 *****0 -20 780.00 -8 372 00 -8 anon J 107 80 -22 228 00
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    • 189 10 reuter EUROPE'» Airbus consortium has announced that it is setting up a joint venture with the Irish-based Guinness Peat Aviation (GPA) group to lease the new Airbus A 320 shorthaul passenger jet to airlines worldwide. Airbus president Jean Pierson announced that the joint venture,
      reuter  -  189 words
  • Page 10 Advertisements
    • 189 10 (i witer« to wim, niton md entertain iJtVj Eg? /r:* 1 Cf% l_T 1 The Drums Roll and A Special Ceremoiy 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
      189 words
    • 123 10 It's the NEU FACES... Fresh from their European tour. IheNl I) I >\C I S Veteran and versatile musicians Rock n Roll, lop 10, Nevs Wave excellently performed tor gr.ind entertainment Nightly except Sundays At the Alcove I ounge where the beer is cheapest among hotel lounges MAGICALLY HYATT I+l=l
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    • 218 10 TEOCHEUT PORRIDGE BUFFET $5 50 p v»» i "3 -V W N "fso" $5: mrv* hnmrtu /Mv mlj (PC person) You can enjoy savoury 'homety dishes such as braced pork steamed stuffed bean curd 9 sambal Cxryai 9 fried salted Ash 9 sauteed chicken with mushroom sauteed chat poh omelette
      218 words
    • 117 10 X-O promotion At The Herttge Bar Jan. 1-Feb. 28 S-_ Hennessy X.O. (75d) at only $195 Nett (Usual $320) and get an exclusive ballpoint pen and hot snacks FREE! Plus Lucky Draw (on Jan. 27) and Grand Lucky Draw (on Feb. 28) with the prize of 1 single return air
      117 words
    • 122 10 ]*@_{*"+>)&&~!"$,{.~+~<=))':{<; May we introduce you to a most mouth wateringfy marinated Sichuan bird. The inimitable Long Jiang Drunken Chicken. Prime and plump. It's so staggeringly good you'll be tempted to try the rest of our 230 Sichuan dishes. Now that's a sobering thought Come for lunch or dinner anyday. *cl
      122 words

  • ASIAN STOCKS
    • 425 11 HONGKONG: Share prices closed lower on late selling on concern over the Hongkong dollar following sharp falls in the US currency, brokers said. The Hang Seng Index lost 12.60 points to 2,578.23 after fluctuating between 2,570 and 2,600 in the day. The Hongkong Index was off 7.81 at 1,650.10.
      425 words
    • 222 11 JAN 14 NT I h Kolln 26 70 0.3 All Sincere Indus 2 42 -0 02 Kuochan Dev Lee Chang Yuen Cham Indus .24.10 .31.90 0.5 unch Cathay Coos Chang Hwa Bank.... 37 20 46 40 -0.1 -0.5 Lien Hwa Indue Nan Ya Ptaa Pacific Cons 20.20 36.30 23.70
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    • 380 11 TOKYO: Prices made a stirring rally on the Tokyo Stock Exchange yesterday amid heavy trading thanks to mounting anticipation of a reduction in the official discount rate as the yen continues its steep climb against the dollar. The Nikkei stock average of 225 selected issues, which dropped 124.97 yen
      380 words
    • 113 11 JAM 14 WOW Kai 1117 70 2200 +100 Kangwon Ind 1964 106 450 -2 3010 100 Daawoo Corp 970 >50 Koraa Long Tarm 1670 •10 1350 >61 Lucky Ltd 1570 30 5350 -1-300 1320 -60 Dong Ah Phar 9100 •400 Ortantal Cham ***** 1000 Dong Suh Stock ***** 410
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    • 378 11 SYDNEY: Australian share markets fell sharply on sustained and heavy selling as fears resurfaced about the health of the economy following sharp falls in the Australian dollar, brokers said. But some brokers said the market was long overdue for a major correction after several months of record performances. Heavy
      378 words
    • 155 11 Reuter BANGKOK: The Stock Exchange of Thailand Index slipped 1.93 points to 211.85. Turnover totalled 1,360,236 shares worth 180.1 million baht. The Book Club Index was down 1.67 at 190.45. Reuter JAN 14 BANT Saha Union Sum Camant Slam City 179 861 •1 unch 139 12 666 -18 Ayudhya
      Reuter  -  155 words
    • 100 11 MN 14 pesos Marataal 0 0012 -0 0008 Oriantal B 0 034 -0 002 Acota Mining PWI Ovaraaaa Anglo Phil 0 003 -0 0002 Ph.lax B 0 51 0 01 Apax Mining B Atiaa Coo B 0 0525 20 unch Ptcop B PLOT 297 50 -2.5 Baguio Gold Basic
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    • 75 11 AP THE NUMBER of registered companies in Hongkong increased by 10 per cent last year to 161,986 and their nominal capital rose by HK$2O.4 billion (about US$2.6 billion), the HK government reported on Monday. Reg-istrar-general Noel Gleeson released the statistics, but the total nominal
      AP  -  75 words
    • 257 11 Reuter THE VICTORIAN Supreme Court has dropped an interim injunction restraining News Corp Ltd from acquiring more than 15 per cent of the issued capital of the Herald and Weekly Times Ltd. But it ordered that News Corp be restrained from registering the transfer
      Reuter  -  257 words
    • 84 11 Reuter THE COMMONWEALTH Bank of Australia (CBA) will provide a AJ1.12 billion bill acceptance discounting facility to News Corp Ltd to partly fund its takeover bid for the Herald and Weekly Times Ltd, says the takeover document. The CBA will probably syndi- cate the 24-month
      Reuter  -  84 words
    • 280 11 Reuter JOHN FAIRFAX Ltd will increase its takeover offer for Queensland Press Ltd (QPL) to As 24 a share from its previous bid of As2o. The new offer values QPL's issued capital at Aso9 billion, up from AS9IO million. A comparable offer will be
      Reuter  -  280 words
  • Page 11 Advertisements
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      183 words
    • 114 11 Rendezvous in the Park Cafe in the Park. On green, exclusive Nassim Hill. Discover international and local favourites done to perfection. Prawn Mee. Nasi Goreng. Prawn Curry. Rahmschnitzel. Hainanese Chicken Rice. Plus a whole lot more. All in our a la carte menu. Ample free parking. A© Century Park Sheraton
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    • 109 11 A real enclave where you can easily relax to the soothina music of our resident band. Drinks served include all time favourites plus some exotic concoctions. PENINSULA HOTEL* LEVEL 6 3 r? s 1 .■T 3 x r I r 0 Happy Hours from 3pm to 7pm. Lounge Hours: Sun
      109 words
    • 117 11 Fashionably hyatt Join the fashion-conscious every Tuesday, Wednesday and Thursday (3 6 pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus show at $10.50
      117 words
    • 203 11 kL aairzLzz 'Where nicer people meet" Hn« CAN YOU BEAT THISB! $19.20 TD 4M .m. '.m 'tit Ti r i>j We also ALSO APPEARING AFTER 8 PM: Lively DJt, GYPSY PAUL CHEOWG for your ontertainmont. #04-05 Tanglin Shopping Centre 19 Tanglin Road, Singapore 1024 TEL: *****15.*****15 $12.50 Oi'dren 1 2
      203 words

  • RAW MATERIALS
    • 398 12 Such customers should be allowed to do business on credit terms Reuter LONDON METAL EXCHANGE members have expressed concern over proposed Securities and Investments Board (SIB) regulations regarding segregated client accounts. At a meeting attended by representatives of the SIB, the International Commodities
      Reuter  -  398 words
    • 182 12 Reuter THIS SEASON'S world palm oil production is expected to decline slightly but this would be offset by a rise in stocks, according to the Hamburg-based newsletter Oil World. The publication put world palm oil production in the October/September 1986/87 season
      Reuter  -  182 words
    • 318 12 Reuter INDONESIAN rice production is officially expected to rise 2.4 per cent in calendar 1987 from 26.7 million tonnes last year, but a leading economist says the figure looks doubtful and the country may have to resort to imports again. Agriculture Minister Achmad Affandi
      Reuter  -  318 words
    • 202 12 Reuter THE European Commission will soon propose to European Community (EC) ministers a temporary system to allow imports of sweet potatoes from China to the EC, according to commission sources. The system would allow China to export 150,000 tonnes of sweet potatoes
      Reuter  -  202 words
    • 180 12 MALAYSIAN crude palm oil prices yesterday closed below the day s highs on profit-taking and speculative selling, dampened by late easiness in palm oil futures. The market had earlier firmed amid expectations of lower output in the present seasonal downtrend period. Jan south region closed M 57.50 higher
      180 words
    • 305 12 SINGAPORE The market closed firm yesterday with Feb 1 RSS buyers quoted at 196.00 cents/kilo, up three cents from Tuesday. The morning session ended one cent higher in moderate trading, after moving uncertainly on some long liquidation and trade buying, dealers said. Short covering and trade buying of forward
      305 words
    • 204 12 WHEAT FUTURES on the Chicago Board of Trade closed mostly higher in light trade on Tuesday, ranging from up three US cents per bushel in March to unchanged in new crop July. March settled at US$2.Bl-1/4, up three cents, after posting a 31/2 cent range on the day. A
      204 words
    • 100 12 OIL PRODUCTS MOST PRODUCTS remained stable in the Far East petroleum products market except for jet kerosene which firmed with sentiment, strength in related markets and fresh business. Naphtha (c f Japan basis) generally talked weaker in line with a weaker European market. Closing prices for crude (FOB origin) US$/barrel
      100 words
    • 103 12 THE PRICE OF TM on the Kuala Lumpur Tin Market closed two cents lower yesterday at M 517.27 per kilo In falrty quiet trading. Support was abeent at the higher levels with Initial higher offerings of 117 tonnes at Tueeday night's 17.29 level contributing to
      103 words
    • 65 12 Bangkok FOB) White Rice 100% lit dots 245 100% 2nd do* 210 100% 3rd das 205 5% 195 10% 190 '5% 185 20% 175 25% 170 35% 170 Broken Rice A-l Super 118 A-1 Special 115 C-1 Special «nq C-1 Ord unq Loonzain Rice 100% 1«t grade gnq 100%
      65 words
    • 794 12 COFFEE Robusta futures staged a partial recovery on Tuesday afternoon, reflecting a similar move in New York. Contracts ended with pared losses of £20 to £5 a tonne. The pick-up from fresh second delivery 15-1/2 month lows hit on Tuesday morning fostered some modest short covering and light
      794 words
    • 132 12 Chinese Produce Exchange RobuMo 20/25% FOB NSW 425.00 j#ilin noon doling p r Jon 14 (SI/100 kg). Coconut oil Mi FOB Od drum KM N*w drum FOB km an 85.00 95.00 94.00 Nutmeg 110 FOB NSW BWF FOB NSW Gambler FOB NSW 1422J00 1322.00 330.00 Copra Mlx*d (too**)
      132 words
    • 294 12 RAS prices m t c •nta/kg, FOB In bain NOON qose Bwyori Sellers Bvyort SeHeri In* 1 RSS Prompt 194.50 195-50N 196.00 197.00N Inf 1 RSS Fob 87 194.00 195.00 196.00 197.00 kit 1 RSS Mordi 193^5 194.25 195.00 ***** bit 2 RSS Of 185-50 187 JON
      294 words
    • 87 12 j s pain) FEB 87 MAR 87 (currant month) lf n n inrrl ITOrwQrO month) NOON NOON RAS Buyan n tuyan Sa#an SSt 20 171-00 180.00N 179.00 1(1«N SS> 50 176.00 178.00N 177.00 179.00N T :Idl:| Ivyan Satan Satan SMI CV 289.00 291.00N 290.00 292.00N SMK I
      87 words
    • 125 12 SOYBEAN FUTURES on the Chicago Board of Trade eased late to close down 2-1/4 US cents to 1/2 cent per bushel in light dealings on Tuesday. March settled at U554.94-1/2, down 2-1/4 cents, after posting a 31/4 cent range on the day. Improved country movement of soybeans overnight prompted
      125 words
  • Page 12 Advertisements
    • 87 12 "All work and no play makes Jill a dull girl" and dull people don't make it to the top of any heap. Lifestyle is of crucial importance for all executives who realise that a healthy mind works better in a healthy body. To help executives plan their leisure time, Business
      87 words

  • SHARE INFORMATION
    • 4108 13 THE MARKET continued trading on a heavy volume yesterday to close mixed, with the Straits Times Industrial Index edging up 2.42 points to 957.97. The more broadlybased BT Composite Index closed 0.76 points higher at 643.66. Total turnover was 47.6 million shares valued at
      4,108 words
    • 276 13 Rises Oman Hup In ,r; M dei Oxtan Hup to«r Bm CmbM 50« HarrWara Mjto lien Corpn V H S MWo PubBc tank S0< Hotel Prop "•IW MM jpOft Perth Ptonr Falls 224 *70 440 116 266 MS 95 498 390 230 160 135 •7 444 394
      276 words
    • 4008 13 BID and offer prices officially listed and business In and re ported to the Stock Exchange ot 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
      4,008 words
    • 105 13 UNITED MALAYAN FLOUR MILLS Berhad: AGM at the Conference Room, Shangri-La Inn, Jalan Magazine, Penang, tomorrow at noon. CNIN TECK PLANTATIONS Berhad: 28th AGM at No 107-1, Changkat Tambi Dollah, ***** Kuala Lumpur, on Saturday, Jan 17, at 10am. PETALING TIN Berhad: 61st AGM at 1st Floor, Straits
      105 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 1013 14  -  FOCUS ON CHANGES IN SEALION IN THE PAST THREE YEARS By LISA LEE A NEW CHAPTER in the saga of Sealion Hotels has started with the strategic purchase by First City Holdings of 23 per cent of the company's 137.2 million shares.
      1,013 words
    • 221 14 SHARE PRICES on the Kuala Lumpur stock market were yesterday taken broadly higher for the third consecutive session this week in another bout of active trading. This time around speculative and lower liners took the limelight to close the day with moderate gains. Selective
      221 words
    • 2754 14 INDUSTRIALS Acma I —l Ajtnamolo Alex Hldg I—) Alcorn (726 735) (2) 72 AiSB (586) ID 55 (6) 555 14) 57 (101 58xd API 1556) 14) 505 (6) 51 001 50 (S 51 5 lIS 52 OS 53 (2) 545 (1) 55 ASM (1496 150$)
      2,754 words
    • 121 14 HONGKONG Hongkong Index Wednesday *****0 Tuesday *****1 Week ago *****7 Hang Seng Index Wednesday 2578.23 Tuesday 2590 83 Week ogo 2607 11 All Industrials Wednesday 2413.9 Tuesday 2450.2 Week ago 2429 0 NEW YORK Dow Jones Tuesday *****4* Monday 2009 42 Week ogo 1974 83 TOKYO Nikkei Average
      121 words
    • 247 14 p Managers' prices MARA-Bumiputra for Jan 15 First B'putra 538 543 Singapore Unit Trust Second B'putra 485 490 Third B'putra 380 385 The Commerce 093 The Savings Kind 086 100 092 Fourth B'putra Fifth B'putra 'Swth B'putra Seventh B'putra (A) Seventh B'putra IB) Eighth B'putra Ninth B'putra 439
      247 words
    • 374 14 SOUTH PACIFIC Textile Industries (SPTI) expects to improve its 1986 performance, chairman Ahmad Mustapha bin Mohamed Hassan hinted in his latest address to shareholders. This optimistic forecast was being made because of the continued dedication of its staff, far-sighted management and better utilisation of resources, he
      374 words
  • Page 14 Advertisements
    • 3 14 Leader, Pag* 8
      3 words
    • 145 14 .«*v* v v \r< ,\v \t-' 1 v*' *v < SB«F i t*^** Yes, I would like to subscribe/renew Please send the magazine to the following address: n Address: Company: Designation: '"V argel^> Tmoney order no: Charge American Express Account Card No: Expiry date: for $49.00/$71.25/164.75 Signature: Cheque/money order should
      145 words

  • COMPANY NEWS
    • 577 15 ura mm™ HOCK LOCK SIEW IT APPEARS that a new corporate trend is emerging for controlling shareholders of public companies to divest themselves of big chunks of their holdings to friendly parties. The latest to do so is Oei Hong Leong's Chip Lian Investments, which
      HOCK LOCK SIEW  -  577 words
    • 545 15  -  By ELAINE KOH KA WAH BANK, rescued recently by the Chinese and Hongkong governments, has turned its attention to Ocean Front Re Ltd the local developer of the Bayshore Park condominium project in which it has a de facto stake. The
      545 words
    • 752 15 A BOUT of profit-taking on the record levels seen in recent days sent shares sharply lower in early business yesterday, although dealers reported some buying at the lows. At 0930 GMT, the FTSE 100 index was down 12.3 to 1751.0 after dipping to 1748.8 in the opening minutes
      752 words
    • 795 15  -  Amount derived from cash from sale of UIC stake By AMY CHEOK THE HK5254.82 million (about 5571.35 million) cash which Oei Hong Leong is receiving from the sale of his 20 per cent interests in United Industrial Corporation is to be invested
      795 words
    • 254 15 Bernama BOLTON FINANCE Bhd has finalised its takeover of Pantai Kembang Bhd, a deposit-taking co-operative affected by the Bank Negara freeze, and depositors will be given a full refund of their deposits in stages. Receivers Anuarul, Azizan and Co said in Kuala Lumpur
      Bernama  -  254 words
    • 389 15 SPECULATION regarding a probable re-listing of Promet Petroleum in Hongkong has raised hopes for an eventual solution to the Promet group's massive $300 million debt and ultimately, a lifting of suspension on trading of its shares in Singapore and Malaysia. Trading in the
      389 words
    • 184 15 Bernama A MULTI-PURPOSE Holdings Bhd (MPHB) shareholder yesterday lodged a report at the Malaysian Federal Territory AntiCorruption Agency over alleged disappearance of a Mslo million education fund he claimed was managed by MPHB. A H Wang said the money, donated by the former
      Bernama  -  184 words
    • 454 15 TRADING at the Stock Exchange of Singapore will be from 10am to 12 noon on Chinese New Year Eve (Jan 28). The exchange's clearing house will not accept deliveries of scrip on that day, but payments are to be effected as usual. For the purpose of calculating "clear
      454 words
  • Page 15 Advertisements
    • 122 15 TAT LEE BANK LIMITED ANNOUNCEMENT Pursuant to Article 6(1 Ha) of the Articles of Association of the Bank, it is hereby announced that declarations received by the Bank as at 31st Dec 1986, regarding the beneficial ownershio of the issued share capital of the Bank held by foreign persons constituted
      122 words
    • 369 15 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 185 AND IN THE MATTER OF TELOK SHIPPING CO SDN BHD (Members' Voluntary Liquidation) FINAL MEETING NOTICE Is hereby given. In pursuance of Section 308 of the Companies Act, Cap. 185, that the FINAL GENERAL MEETING of the members of the
      369 words
    • 339 15 THE COMPANIES ACT, CAP. 115 TAN INTERNATIONAL REALTY PTE LTD (IN VOLUNTARY LIQUIDATION) SPECIAL RESOLUTION PASSED ON IS-1-IM7 At an Extraordinary General Meeting of the Company held at 90 Jalan Saltan #21-04 Singapore 0719 on Monday 13-1-87 at 2.00 p.m. that following Special Resolution was passed. IT WAS RESOLVED that
      339 words
    • 392 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND IvM lill f.VMVvlil TAN JONG SHIPPING CI IK 11. (Members' Voluntary i-iqntdetifln) FINAL MEETING NOTICE Is hereby given, In pursuance of Section 308 of the Companies Act, Cap. 185, that the FINAL GENERAL MEETING of the members of the above-named
      392 words

  • 507 16  -  Subsidiary being set up to make integrated circuits By ANNA TEO ONE OF SINGAPORE'S newest manufacturing plants, Sanyo Airconditioners Manufacturing (SAM), is tooling up for a meteoric rise in exports. Air-conditioner export earnings are expected to rise fourfold to $250 million within two
    507 words
  • 417 16 HOVERCRAFT PILOT Richard Box swung it around in the shallow waters off Tuas, bringing it to rest on soft sand. On board Tiger 40, the first of its kind built in the region, were prospective buyers of such hovercraft. The prototype
    417 words
  • 453 16 NYT THE AMERICAN Telephone and Telegraph Co has banned all pregnant women from its semiconductor production lines in response to a University of Massachusetts study that found a sharply higher incidence of miscarriages among workers who produce computer chips. The action by AT&T,
    NYT  -  453 words
  • 255 16 Reuter A FORMER senior executive of Malaysia's biggest bank, jailed in Hongkong yesterday for four-and-a-half years after pleading guilty to bribery and fraud conspiracy, said his acts were part of a climate of unorthodox banking practices. Hashim Shamsuddin, 49. an ex-director of a
    Reuter  -  255 words
  • 195 16 Bernama KUALA LUMPUR High Court has set aside an order allowing Bank Bumiputra Malaysia Berhad to serve a writ out of jurisdiction claiming about £76.13 million from the International Tin Council. But Justice V C George, allowed the bank to serve a
    Bernama  -  195 words
  • 277 16 AFP FRENCH export penetration of Hongkong, the world's third-largest trading centre, is inadequate and France is failing to improve its competitive position there. French competition in the British colony was "weak" overall and exports of goods from France accounted for only about 1.4
    AFP  -  277 words
  • 409 16 UPI PHILIPPINE President Corazon Aquino's economic advisers yesterday assailed Citibank for doing "nothing positive" to help resume stalled debt restructuring talks and threatened to take action "unilaterally" to reduce its massive debt burden. Finance Minister Jaime Ongpin, reacting sharply to
    UPI  -  409 words
  • 94 16 Bernama ES MBf FINANCE will make an initial advance payment of 10 per cent of the principal deposit sum to depositors of Koperasi Serbaguna Gunung Emas Bhd (KGE) on Saturday and Sunday, chairman Tunku Abdullah Ibni-Almar-hum Tuanku Abdul Rahman announced in Kuala Lumpur
    Bernama ES  -  94 words
  • 94 16 Reuter COMEX GOLD FUTURES gained on active buying yesterday morning following the dollar's fall on a report by the New York Times quoting government sources as saying the Reagan administration wanted the dollar to drop further to help narrow the trade deficit. Gold for delivery in
    Reuter  -  94 words
  • 75 16 Reuter WALL STREET stocks inched lower in early trading yesterday as the market reacted to the sharp decline in the US dollar, a weak bond market and higher than expected US December retail sales, all of which combined to create concern about the course of interest rates.
    Reuter  -  75 words
  • LATE FILE
    • 47 16 Reuter THE Philippines said yesterday that it would hold its first local elections in six years on Aug 24, more than three months after the country goes to the polls to choose a new Congress, said presidential press secretary Teodoro Benigno yesterday.
      Reuter  -  47 words
    • 46 16 Reuter MUSLIM rebels in the Southern Philippines killed one person, exploded grenades in cinemas and set fire to a provincial capitol building and a university to protest against a visit there next weekend by President Corazon Aquino, the army said yesterday. Reuter
      Reuter  -  46 words
    • 49 16 Bernama ABOUT 400 workers of the Commonwealth Services Employees Union of the Royal Australian Air Force base in Butterworth staged a picket yesterday to protest against the Australian Defence Department's refusal to award two months' salary as benefits to families of deceased workers. Bernama
      Bernama  -  49 words
    • 39 16 Reuter GREEK power workers stopped worked yesterday ahead of a 24-hour general strike which is expected to bring Greece to a standstill today over demands for an end to a government wage freeze. Reuter
      Reuter  -  39 words
    • 32 16 UPI SUSPECTED radicals hurled Molotov cocktails at riot policemen guarding a construction project to expand Tokyo's international airport at Narita and injured three of them, police said yesterday.
      UPI  -  32 words
    • 29 16 Reuter NORTH KOREA yesterday rejected South Korean President Chun Doo Hwan's proposal for a summit meeting with North Korean President Kim 11-Sung this year.
      Reuter  -  29 words
    • 45 16 Reuter SIR Warwick Fairfax, a key figure in Australian publishing for most of this century, died in Sydney yesterday. Sir Warwick, 85, a director and past chairman of major media group John Fairfax Ltd, died of natural causes at his home. Reuter
      Reuter  -  45 words
  • Page 16 Advertisements
    • 145 16 GNTA text Master Worldwide telex communication from your own workstation There are more than 1,500,000 telex subscribers worldwide today and is still increasing! YOU KNOW THE PROBLEM The teleprinter is centrally located and an inefficient workstation. It often becomes a bottleneck in the Company's telex traffic. m ft r i
      145 words
    • 54 16 n f f i i "w.: na 771 XJC i i>* ■I* *3 T v v j *">■** iiinftii l !■—l ri nU»>l» jiiiW iytt" »i*n &>** -.v»i*wSWl »ia^irAC*g vi'A? 3 fW9tam M 1 liv r i t 1 M«MM4 SKwSwSmmsHII ft**"-;* IW>'|-- i4»fn« ,;'T~'L|I?J.I3 MM rig Soo Peng i
      54 words
  • Page 16 Miscellaneous

  • SHIPPING TIMES
    • 421 17  -  By G DURAIRAJ THE MALAYSIAN government is expected to make known its decision on the privatisation of Penang container terminal shortly. It is understood that the government has received a firm proposal from Konsortium Perkapalan Berhad which has offered to take over
      421 words
    • 343 17 Reuter A MISSILE fired by an Iranian warship hit a Ku-waiti-owned tanker yesterday in the fourth Iranian attack in nine days on vessels using Kuwaiti ports. Gulf-based shipping sources said. They said the engine room of the 29,139 dwt Saudiah was set ablaze,
      Reuter  -  343 words
    • 137 17 AFP MITSUI OSK LINES, Japan's second largest ocean shipping firm, announced plans on Tuesday to lay off half the 2,000 Japanese seamen it employs and replace them with foreign workers. A company spokesman said that under the plan, soon to be proposed to
      AFP  -  137 words
    • PORT SIDES
      • 117 17 FROM NEXT MONTH Jebsen Line will offer a new monthly service linking South-east Asia and Papua New Guinea, by chartering slots from Tatsumi Marine of Japan Cargo from South-east Asia will be feedered through Singapore for oncarriage to Port Moresby. Lae and Rabaul. Cargo bound for
        117 words
      • 80 17 SAFETY certificates are now required for the purpose of licensing a port limit tanker. The Port of Singapore Authority has announced that any self-propelled steel harbour tanker will be required to have, with immediate effect, the following safety certificates Cargo Ship Safety Construction Certificate and the Cargo
        80 words
    • 828 18 Four major yards earn good reputation for technical capability Lloyd's Shipping Economist CONCERTED EFFORTS made during the second half of 1986 to capitalise on the increased interest in tanker new-buildings, enabled the Yugoslavian shipbuilding industry to boost its orderbook to around 2
      Lloyd's Shipping Economist  -  828 words
    • 118 18 WILH WILHELMSEN has established a new shipmanagement subsidiary. Barber International, based in Oslo, is headed by Erik Kruse, who was formerly in charge of Wilhelmsen's marine division. Mr Kruse explained that this company was established after Wilhelmsen secured a significant growth in outside ship
      118 words
    • 705 18 AB Shpg V 5 Accord Shpg VI 3 Alltrans VII 3 Anro Service IV 2/3 ANl 1 1/2 ARC line V 4 API III 2/3 ASCI III 1 Bait-Canada line VII 4/5 Bait-Orient line VII 4/5 Bank line V 5 BBS II 4/5 Ben line Cont V
      705 words
    • 1374 18 ACTIVE time-charter booking and US Gulf grain export voyage fixing generated most of the interest on the London shipping freights market on Tuesday. Further period engagements included Bassro's payment of US$l.25 per dwt to the 123,000-dwt Jostelle for 12 months trading after January delivery in the Atlantic. Klaveness
      1,374 words
    • 175 19 JHE 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
    • 212 19 Fairplay ino municipal OUUiiUM Ui nmwoip has approved the general principles of an agreement between the City of Antwerp and the Belgian government for the construction of a container quay to the south of the new Berendrecht lock which is currently under construction built. The
      Fairplay  -  212 words
    • 242 19 TO COPE WITH increases in container traffic, Hongkong's second largest terminal operator, will spend more than HK$22O million on land reclamation and equipment. Nearly HK$l2O million will be expended by Modern Terminals Ltd on reclaiming land beside its berth 5, reported South
      242 words
    • 271 19 AP AN INDIAN freighter sank off the southern Japan's Kagoshima prefecture yesterday. All 50 crewmen aboard were reported safe, Japanese Coast Guard officials said. The 11,179-ton Vishva Anorag sent a Mayday signal that the freighter was taking water on the way to
      AP  -  271 words
    • 285 19 Seatrade Week THE UNITED STATES Maritime Administration, currently paying US$l,3OO a day to berth three vessels belonging to bankrupt Prudential Line, has argued in court that it should be granted permission to sell the vessels. This would stem the US$6O 000
      Seatrade Week  -  285 words
    • 229 19 THE SRI LANKA Ports Authority has shelved the Jspsnese-sided third stage of the Colombo port development of plan and will concentrate on the expansion of its first container terminal. An authority spokesman said the terminal at the port's Queen Elizabeth Quay
      229 words
    • 220 19 AP THE WRECKAGE of the Titanic, discovered 320 nautical miles southeast of Newfoundland in 1985, lies in Canadian territory and Canada should be a party to any proposal to salvage it a j£anadian government spokesman said on Monday. "We would not be
      AP  -  220 words
    • 130 19 ALL SURVEYS are conducted on Dec 29 Argentina Buenos Aires 30 vessels operating. Australia Brisbane Normal operation. Melbourne Normal operation. Sydney Normal operation. Bangladeeh Chittagong 10 vessels operating. Brazil Rio de Janeiro Waiting time of 1 week. Cameroon Douala Normal operation. Chile Valparaiso Normal operation. Colombia Buenaventura Normal
      130 words
    • 6199 24 QSGEIDIDIIB A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      6,199 words
    • 1741 25 Who acts for whom The leading shipping lines operating from local ports and their agents A —B A Top Enterprise* Pte Ltd Seme (S) AB Shipping Bousteed Shpg Agencies. Alaa Una African Shpg Agencies (S). Ahrenkiel Liner Kim Shpg (S). Alfred C Toapfer Oceanua Shipping Agencies (S) Multipon Sdn Bhd
      1,741 words
    • 1237 26 AT CONVENTIONAL WHARVES VmmI Berth Arrival Departure KEPPEL WHARVES Auby K25W alongside 15.01/0530 Concord Gosson K16 olongside 1701/1500 Enarxis K32 olongside 15.01/0600 Equator 4 K23 alongside 15.01/1800 F'eost Vanguard KI9 alongside 1701/2300 Gold Stream K33 alongside 1501/2100 Golden Odyssey K36 alongside 1601/1500 larkspur K9 alongside 15.01/2300 lih
      1,237 words
    • 131 26 Area/Port Ifleri nail.. viscosity Density Water CST at 50C G/ML at 15C Volume 0/0 Africa/Red Sea Jeddah 109/184 0.944/0.971 0.2/2.5 Durban 57/184 0.976/0.994 0.0/0.6 Arabian Gulf Ras Tanura 112/165 0.940/0.949 0.0/0.1 Bahrain 181/186 0.973/0.976 0.1/0.1 Europe Rotterdam 82/510 0.961/1.009 0.0/1 A Hamburg 57/391 0.948/0.991 0.0/0.7 Le
      131 words
  • Page 17 Advertisements
    • 645 17 A HJTWIVZ&N iW Kmma Har,r is a woman or SUBSTANCE substance •<! U< BCSINfi-UH !W*A niWOTfKtPI WKS».S (But what is the price she has paid? SHE HAD POWER. SHE NEEDED LOVE. SHE WANTED g REVENGE. Available at all good bookshops OOCL Oiveut OvtiQus Um LIME WW/ A|wts iarom shwpwg hgenccs
      645 words
    • 76 17 CONCERTED EFFORTS made during the second half of 1986 to capitalise on the increased interest in tanker new-buildings, enabled the Yugoslavian shipbuilding industry to boost its orderbook to around 2m dwt by the end of 1986. Page II HONGKONG'S second largest terminal operator will spend more than HK$22O million on
      76 words
    • 1129 17 Auel Mammoth Hunters MAERSK LINE FAST TRANSIT SINGAPORE-DAR ES SALAAM 18 DAYS SINGAPORE-MOMBASA 20 DAYS (ALSO ACCEPTING LCL SHIPMENTS) Tub week Laura M Closing Times CY 19/1 1300 MRS CFS 19' 1 0300 HRS LAURA M LA LIST M LEXA M MC-KINNEY LEDA M REGINA M Tub wee* Laura M
      1,129 words

  • Page 18 Advertisements
    • 411 18 OUTBOUND TO NORTH CONTINENT rr-r Vlllt DE KRCURE VILLE D'URANUS VILLE DC PLUTON CuMPAGNIE MARITIME D'AFFRETEMENr nann Bf,, Mm accepting cargo to all U.K. <«rtinjtiw. (Aartws, OUTBOUND TO MEDITERRANEAN mzmzimi SPORE I ID MA < MBCHJNO FROM N. CONTINENT/MEDITERRANEAN/ARABIAN GULF M lOm, Forts ft Rotation Art Select To choaga Wtthaut
      411 words
    • 344 18 EUROPE/FAR EAST CONVENTIONAL SERVICE TEL: 03-*****50 MALAYSIA SON. BHD. TLX: ***** MTM Frt Booking contact Miss Gan MO S PORE LOO. FOR Further load/ discharging porta en rout* autyect to auffioent inducement Singapore Agent Goodrich Maritime Pte Ltd. Tel: *****35 Tlx: RS ***** QRMSIN Supercarrier Service TO: PANAMA US WC/EC/GULF
      344 words

  • Page 19 Advertisements
    • 857 19 Mansfield Container Shipping Re Ltd The Straits Steamship Group S STRAITS SHIPPING Singapore to Satoah, Sarawak, Brunei Porte and Bangkok F&OQLJ^ p&o Containers Limited ammm my TOKYO MY LAM! MY LIVERPOOL MY CmOrtDMMJMH frankfurt express rm pjqmi rtm inw« btibwb R'Mi u m m ma ma ma ma ua an
      857 words
    • 693 19 Franco Belgian Services iMFMBFR OF ACE CONSORTIUM TrnmmTT rKWtf.KELANCL* Harwft'Aa rttai UJm (14 JM) 2FA IFA 4FA W JM 04 JM) Q Jm (1! JM) JM (21 JM) IFA MFA KOMM CNAMCt *FA UFA UFA MFA IS FA 17 FA jggN WOg 90K (24 Ok) MOK 21 OK SOK II
      693 words

  • Page 20 Advertisements
    • 307 20 CONTAiNERSHIP SERVICE TO UK CONTINENT ALSO ACCEPTING CARGO TO; &L UK INLANO DESTINATIONS, BELFAST, DUBLIN COPENHAGEN, AARHUS. GOTHENBURG, HALM). HELSINKI, OSLO. AMSTERDAM CARIBBEAN A 1 CONVENTIONAL SEMI CONTAINER SERVICE TO EUROPE CONVENTIONAL SEW CONTAINER SERVICE TO MED mm S TORE PK REN TRIESTE LEXIOES BILBAO H'BURC B'HAVEN KRrtl JADE Zl/1
      307 words
    • 559 20 FULLY CONTAINERISED SERVICE r 10 EUROPE VIA ol Comwlnmi ORIENTAL CHIEF a* KOMAN JACEJIH J7W NEPTUNE CRYSTAL Ml KOREAN CHANCE M> MCRCATOC 41E C R TOKYO 7E TWB 3SE 1 TMMOTHER VESSEL V BU ssi sie/p. prosperity it m 7/2 MR 41E/P. PROSPERITY (E 27/1 7/2 CRT 7E/KWV m 3/2
      559 words
    • 226 20 Hai Sun Hup Co (Pie) Ltd II l I?(l ,n,.s| TI X MS ??o*,l RS .'Oh/? fc. I\MIK\ I I\l K III) STRAITS/JAPAN/STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS Loading at appropriated Borth P4-P5 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG. TAIWAN A CHINESE PORTS, SUBJECT INOUCEMENT IMLintermaritime SOUTHERN AFRICA
      226 words
    • 677 20 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVE* LIVING EVU GLORY EVER GRACE EVU UNKING EVER CLOSE EVER LEVEL EVER GRAND vn uo 20 120 10 170 K IK m w iw w it/? w iu xg ALSO ACCEPTING CAROO TO: Q ATLANTA, CMCAfIO, KTMIT, WU—M A OTNO I
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  • Page 21 Advertisements
    • 360 21 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE *7 m* BHUM "T RED SEA/EAST AND WEST AFRICA SERVICE I BANGKOK SERVICE INDONESIA SERVICE KOTA AWQKASA VOYAQC IWOAWW BANGKOK 2/S7 22-23/1 2S-3S/1 ili KOTA PELANQI MALAYSIA SHIPPING CORPN
      360 words
    • 327 21 f t) TflYO INTERNATIONAL PH. ITD. Til .'?J h.", I int's J II H 'A 101 lAVOIM VESSEL ETA SINAR MEGA 20(1 PERAWANG SATU 20/1 KOREA HORIZON 27/1 A VSL In Pc SARI SAMUOERA li/1 DESTINATION PEKAN BARU BELAHAN/CIGAOING BONTANG/BANJARIU SAMARINOA MANILA SARI SAMUOERA li/1 20/1 JAMBI 4 V»lt operatinf
      327 words
    • 756 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT STOW KM B'HAVCN KOMI HAVRE 1U W 1M 'W IV2 nn 2® ITA an I*2 rw a/J an 4/3 V 3 7/) 1/3 lift [W un m IV3 170 m MA 2*J H/J W M W« >A *4 EXPRESS CONTAINER SERVICE FROM
      756 words
    • 463 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESUBI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD r > EXPRESS SMI CONTAINERSNIP SERVICES SINGAPORE TR EUROPE VtSSEUVOY IJ. BONTANG/lOWB GANOA GARM/17WS MATARARVI7WB PALEUBAN&tWB CAUDA rhaktiatwr RUTAI/IIWB S PANJANG,ISWB SRIWIJAYA/UWB BILBAO BREMEN A'DAM/R' ag w 17/J I*3 9 m* 13/4
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    • 280 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loading for Rangoon w!Z p nf Bin PAGAN VMM Xll Jan "MANDALAY 2/3 Fab ~4S F* PA-AN VMM jtyji jan 4/5 F Loadint for Europa oilll jJLi'ii'l'. CLYDEBANK VIM AfUOU VIN TAMAITAI SAMOA VAN BANK UNE 14/3 22/3 20/3 24/3 FORTHBANK
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  • Page 22 Advertisements
    • 1018 22 K KAWASAKI KISEN KAISHA, LTD. ECTADOH/Ptmi/uHMr norvrvi i\nionn, uj u.FEtMR VSL MOTHER VSL SPORE PKLG PNC SPOKE KOBE GUAYAQUIL CAUAO ARICA IQUIQUE AfACASTA S.ANTO4MO VALPARAISO RACK AVS N. TRUST V3R2 14 Jan IS Jan 1( Jan II Jan f Fab 7 Feb IS Fab IS Feb Camt/U. AMBUCA/CAKBttAN SEA FEEDER
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    • 297 22 y 'in 1 v.* Aocspong lwl ■no coniaintrittQ cirgoti utrtci 10 HAYAKAWA NARU 223 V S.A. VAAL 232JF S.A. VAAL IS2K NEDUOYD COLOMBO 2Q2SG S'pcr* Durban P.Eta C.Tmm 30/1 I*2 12/2 13/2 11/2 24/2 2W 27/2 &> Jar din JARDINE SNIPPING AGENCIES (REG. *****4/ 00K) 200 CANTONMENT ROAD #12-05 SOUTHPOINT.
      297 words
    • 599 22 'M AUSTRALIA EXPRESS CONTAINER SERVICE Acc *P < n <J FCL/FCL Containers ESTECLIPfER *10 25 Jen calabar ra tr* ESTECLIPfER VII 1 Me •kabiroas--RAMOAS" i2J "CHANOIOAS" "KABIROAS" VJ3 Sport 20 Jan 9 to 1 Mr IS Mar Mdb From Sjdn Also Aca Fob IS Fab 13 Fib AM/Bns 24 Fab
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    • 741 22 GOLDEN LINE GUAN GUAN SMPPWG (PTE) LTD 23. 1M h*> smutok «IM ra. uuw (it w) ■STRAITS/PERSIAN GULF SERVICE: S'por. P.K** fw, ■GOLDEN HARVEST Colombo/Karacfci/Dutw/KuMrt 20/21 Jin ■cOLDfN HAVEN Cotombo KarachiMusot'Doto l/IB Fab G. CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC OF CHINA Lii •PM« GAO CHOW 21/1
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    • 491 22 INTRASIA (PTE) LTD.' 10 Anson Road «2 7 16 Interna! oral P'J/a Smqapore 0207 Tel *****11 1C Lines) 4^ i BREAKBULK SERVICE TO EUROPE/UK I HV IMPORTER on S port P. Kaiang Loa*n| torW W SETE/ROT/ANT/UK(HULL) TI"IHH INTRASEA (PTE) LTD I K. liMpwr BtNTAM SNIPPING CO. S Pwmr BtNTAM SNIPPING
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  • Page 23 Advertisements
    • 585 23 \\NEPTUNE ORIENT LINES LTD; FAR EAST/EUMPE FULLY NEPTUNE AGENCIES PTE. LTO. FE EU/AUST T? A/SEA Tal No Offica Taoninal CFS BOOKINGS 278W77 *****5J *****2 vmn uxan *****53 2£« OR DIRECT LINES WW 27MUI NEPtINE SON. BHD. 3HW7 NEPLINE SON BHD. *****33 NEPtINE SON. BHD. 62MSS/«271M/H7*l/»27K2 NEPLINE SON. BHD. mmami of
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    • 458 23 HEUNG-A SHIPPING Korean Flag Vessels DO* AM SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG, BUSAN, INCHON Vaaaol't Nam S port P Ktlang No. Donam/OON In PI 14/1 Eattarn Glory*ll 15/1 No. S Oonampto* 20/1 No I Donam/701N 30/1 2/2 No 7 Donjm.TOlN M 12/2 No Oonwn/TOIN 14/2 17/2 M.V. 'Jasmina
      458 words
    • 776 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. KELAMC PENANG N/S SHARIKAT «AM SOON SON. BHD. IST ANO 2ND FLOOR. MESSRS HAI THONC SHIPPING
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    • 87 23 s//i/v TaLiisi J«r«* HOMCKCMC STMAirS Honfkonf Singapore P Klanf Pwtanc ORIENTAL RUNNER V.IIA SaiM GtSO MARU NoJ V.2W S*il«d NlffO MARU V.4A Gdn K-» RIAU V.IA I*l 21/1 yosmi uw vju nn an t Gtnaral survey for MV. Oriantel Rtunor V.IIA t MV. Gi«oMara Ho_» V.29A will be h*W on
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  • Page 24 Advertisements
    • 262 24 ffflff REGIONAL CONTAINER LINES TO BANGKOK (4 SAILINGS A WEEK) VESSEL SJRI BHUM SEA DRAGON JENLINK PIYA BHUM SIRI BHUM SEA DRAGON JENLINK PIYA BHUM SIRI BHUM SEA DRAGON JENLINK PIYA BHUM SIRI BHUM SEA DRAGON JENLINK PIYA BHUM SIRI BHUM lEBESBE3?3BIC?L3Prs TO SOUTH THAILAND VESSEL RATANA BHUM RATANA BHUM
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  • Page 24 Miscellaneous
    • 165 24 fi Regional Weather m u m iWA S3 fi s m uS.i s SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO A.M. THIS MORNING. •c cf w Wind direction with speed m knots Wove height R Thunderstorm Temperature c X\ A Shower Weather Wind direction with speed m knots RO,n VA/
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  • Page 25 Advertisements
    • 464 25 X-K-Will CALL U3 AT: K. LUMPUR P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE *****88/*****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 REGULAR FAR EAST/MEDITERRANEAN CONTAINER SERVICE TO: MEDITERRANEAN FEEDER FROM: MEDITERRANEAN VSL i v Tin 11/.MnVnW rrn n" V! I.
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    • 136 25 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: SINGAPORE CALICO SHIFTING PTE LTD T mm nLtMUt CAUCO FAX: 2M871 PORT KELANG PERKAPALAN UTAMA SON BHO KOTA KINABALU KESANAN SNIPPING SON BNO T* ZMM 0 Mm) Fac mm TG. HANI RASA NUHIBBAH SON BNO Tat MX TG. HANI LE
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  • Page 26 Advertisements
    • 204 26 K&S LINE JAPAN STRAITS SERVICE LOADING FOR P. KELANC A PENANG ON SO YOUNG SANKYO LINE (S) PTE. LTD 143 Cfcd Stiff I 10 04 GB Budding Sporf 0106 TH ??19?tt Port Kflinf lifJ Pira Shipping Sdn Bbd Ifl 03 *****?4 S Pf.wf Malaisia Tradf 4 liansport ltd Tfl 04
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    • 430 26 UNI-OCEAN LINES PTE. LTD.^ 60 Ck<* St #03-01. tn Bu.KJ.ns S'por* 0104 Tal: *****66 15 lom) Tate. B 2326* UNSHIP LIN LIN SHIPPING PTE. LTD. Nad, 0m m CmM MMmi 01 #5 Tat: SSW4 4 83K2 SAILINGS EVERY TUESDAY inil"*»\ i 3 i J11: •.il.TiM'i ivi AT ROTTERDAN ■Twn B.
      430 words