The Business Times, 3 March 1987

Total Pages: 26
1 26 The Business Times
  • 13 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, MARCH 3 t 1987 75 CENTS
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  • 251 1 STOCK MARKET SHARE PRICES ended on s mixed note yesterday as investors retrested to the sidelines ahead of the Singapore Budget statement tomorrow. Profit-taking in blue chips alternated with buying interest in selected Mslsysisn Isggards as turnover slowed to 45.4 million shares from last Friday's 50.9 million
    251 words
  • 542 1  -  By LEE HAN SHIH Property Correspondent THE AWARD of the $330 million city portion of the Central Expressway (CTE) contract has hit another snag, and down with it goes the hope of many punters looking for a fast kill on
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  • 175 1 Bernama PROPERTIES valued at about. Mslo billion in Malaysia which are ready for occupation have yet to be sold, Finance Minister Daim Zainuddin said yesterday. Of this. MSI.2 billion worth consist of residential properties while the bulk is in the form of office and
    Bernama  -  175 words
  • 120 1 STOCK MARKETB in Tokyo, Hongkong and Sydney rose to new highs yesterday, with the bullish mood in Japan emanating from expectations that the government may announce new measures to stimulate the economy. The 225-issue Nikkei Stock Average closed at a record 20,933.82 yen, up
    120 words
  • 668 1  -  Companies currently grappling with lower average selling prices By BOEY KIT YIN BARELY SIX MONTHS into the current expansionary phase, the cyclical semiconductor industry is expecting a flattening-out of demand by the middle of the year. That means a further four
    668 words
  • 103 1 THE FOURTH Asean Standing Committee meeting will be held in Singapore on Thursday at the Hilton Hotel. A Foreign Affairs Ministry statement yesterday said the meeting would be preceded by a preparatory meeting of the Asean Directors-General from today. On the agenda of the Asean
    103 words
  • 101 1 UPI THAI Foreign Minister Siddhi Savetsila told his Soviet counterpart yesterday that Soviet-back-ed Vietnamese troops in Cambodia should be withdrawn. Eduard Shevardnadze met Mr Siddhi during a brief stopover in Bangkok and later called on Prime Minister Prem Tinsulonanda. The Soviet minister said his talks
    UPI  -  101 words
  • 353 1 Reuter A SERIES of strong earthquakes yesterday wrecked buildings, roads, bridges and railways over a wide area of northern New Zealand. A civil defence emergency has been declared in a region of 200,000 people. Reports from the Bay of Plenty, in the north-east
    Reuter  -  353 words
  • 331 1 Reuter IRAQ HAS SECURED agreement to defer outstanding payments on a US$5OO million syndicated Euroloan following five months of talks with creditor banks. Banking sources said yesterday that the rescheduling is pert of Iraq's continuing affort to defer payments of foreign debt
    Reuter  -  331 words
  • Page 1 Advertisements
    • 99 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM There's more to Hainanese Food than just Chicken Rice. 93 Extended > till 8 March by popular demand. Hainanese Buffet Promotion. 13 Feb to 1 March In fact, we're having a bumper harvest of Hainanese delicacies in our Hainanese Buffet Lunch Dinner Promotion. Come
      99 words
    • 296 1 Challenging the Japanese A LOCAL COMPANY thinks it can do a better job of designing and developing automated guided vehicles than the Japanese, whose machines currently dominate the market. These are electronically programed robots, industrial carriers which offer the kind of flexibility that conveyor belts or forklifts do not have.
      296 words
    • 182 1 Ikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Shipping Tlmaa comes as a separate aaction today. Maka aura you gat your copy. THE WRONG CHAIR CAN TURN A CUSHY OFFICE JOB INTO BACKBREAKING WORK. Sitting with a hunched rounded bock ploces a strain on the neck and shoulder musdes and leads to
      182 words

  • HOME NEWS
    • 906 2  -  By ZHOU MEI Economic* Correspondent A COMPARISON of the figures on public sector revenue and expenditure, as presented in the government's annual economic surveys of Singapore, reveals ttartiingly different financial returns. In the latest survey covering 1966, the seven major statutory boards were
      906 words
    • 220 2 AIR-CONDITIONER manufacturer McAir Industries, will be investing cool $1.7 million in a joint venture manufacturing plant in China. The new plant in Xiamen, a port cfty in China's south-eastern Fujian province, will turn out air- conditioners for China's domestic market as well as
      220 words
    • 246 2 THE HOUSING and Development Board has not only housed some 86 per cent of the population, but has contributed to environmental upgrading, directly or indirectly, in ways that are not apparent to many Singaporeans. Singapore, said Mr Liu Thai Ker, will soon become one of
      246 words
    • 100 2 THE ASSOCIATION of Women for Action and Research (Aware) will hold its next monthly forum on Thursday. The topic of the forum ia Women in Science and Technology. Speaking at the forum will be Dr Vivienne Wee. a social anthropologist, and Dr Maggie Gremli, a
      100 words
    • 113 2 WOMEN UNIONISTS will gather next Saturday. March 14, to discuss the most-talked-about topic these days in Singapore's population issues how a declining birth rate problem can be resolved. The NTUC Women's Programme Committee will hold the forum at the NTUC Annexe Room A and it will
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    • 88 2 RECENT DEVELOPMENTS in the property market will be the focus of the Singapore Property Update conference at the Dynasty Hotel. Current market trends will be one of the highlights. There will also be discussions on the expected performance of the property and auction markets in residential,
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    • 52 2 A FEB 13 article in BT on a press conference chaired by Datuk Paul Leong referred to him as the chairman of the Asean Chambers of Commerce and Industry (Asean-CCI). Datuk Leong is the honorary chairman of the Group of 14, formed by the Asean-CCI. BT regrets
      52 words
    • 367 2 WHAT PRICE a piece of history? For this battered, 46-year-old aircraft, it is plenty of goodwill and at least $100,000 in restoration work. After acquiring this twinengine Airspeed Consul in late 1906 for a token sum from the Royal Air Force Museum in the
      367 words
    • 289 2 NCR SINGAPORE Sdn Bhd has appointed LOH WMQ SEONG to its board of directors. Mr Loh, field engineering manager of NCR. has been with the company for 23 years. JOHN CMEONG is now regional manager for special products of BP Singapore Pte Ltd. In his new capacity,
      289 words
    • 211 3 MORE CARS were registered in January than the same month a year ago but a Registry of Vehicles spokesman said it was too early to tell if there was any recovery in the market. January car registration figures issued by the ROV
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    • 491 3 Seminars and courses DURATION TITLE VENUE ORGANISER Mor 16-17 De Bono on Creativity Shangri-la Hotel Singapore and lateral Thinking Institute of Management Mar 16-17 Doing Business in Pan Pacific Hotel Singapore Tourist China Promotion Board and SRI International, USA Mar 16-17 Fundamentals of Digital Singapore Singapore Communications Polytechnic Polytechnic
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    • 521 3  -  Companies willing to try out ideas, says Japanese expert By LOH HUI YIN AN ECONOMIC RECESSION is a good time to introduce and reinforce the practice of total quality control, according to a Japanese expert on quality control. Professor Kaoru Ishikawa, regarded as
      521 words
  • Page 2 Advertisements
    • 149 2 s Cardmembers For every table charged to the Diners Club Card you'll receive a complementary quart bottle of Remy Martin XO worth 140. 4^ :<r About the The Xi Jiao State Guest House, used exclusively by visiting head of states, royalty and top Chinese leaders is where the famous Fu
      149 words
    • 227 2 Pnynptpickupand delivery 24 hours achy APPOINTMENT r Private Banker Competitive Salary Negotiable Base: Singapore You have a successful track record in marketing banking services with an international bank and have had exposure to high net-worth individuals in this region. Our client, the South East Asia Representative Office of a large
      227 words

  • Page 3 Advertisements
    • 102 3 1 V J. i- *y* -K. 'vssMi? ;Jf*s£ -*.&>. -V- 7 i.* '£3.:.- .S*l V J f i parcels toany destination in the USA at aniihtotitnbla price. And without any hidden SMSfa&y «r J*. «gg t v«#r Your JVPX parcels wHI be cleared quickly through and delivered door-to-door by experienced
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  • ASIA-PACIFIC
    • 538 4 Reuter AUSTRALIA'S top corporate watchdog agency is too poor to prosecute multi-million-dollar business swindlers with international links. The disclosure, made during an international seminar of corporate crime investigators, legal experts and police agencies in Sydney, has raised fears that big-time criminals might find
      Reuter  -  538 words
    • 331 4 Reuter THE JUDGE hearing the US$3 billion Bhopal gas disaster case against Union Carbide in India has been replaced and family sources said he withdrew because he was a claimant in the case. Girja Shankar Patel, who took charge of the complex international case before
      Reuter  -  331 words
    • 371 4 Agencies MALAYSIAN Foreign Minister Datuk Rais Yatim arrived in Bangkok from Kuala Lumpur yestarday for talks with Thai leaders that are expected to include the Cambodian problem and bilateral relatione. Mr Rais was to call on Thai Prime Minister
      Agencies  -  371 words
    • 429 4 UPI AMERICA'S two largest news agencies changed the spelling of the Chinese capital from Peking to Beijing last Sunday, a move that provoked horror among old China hands and delight among advocates of consistency. The joint decision by
      UPI  -  429 words
    • 70 4 Reuter THE TOTAL VALUE of Indonesia's exports fell in calendar 1966 to U5515,995 billion from U5518,762 billion in calendar 1985, according to the central bank's latest report. The value of crude oil exports fell to U557,431 billion in 1966 from U558,976 billion in 1985, while liquefied natural
      Reuter  -  70 words
    • 243 4 Reuter A POLICE PLAN to crack down on bank-toan defaultera to help Bangladeeh'a troubled induatriea has driven induatrialiata into hiding. Police said on Sunday they had arrested four industrialists and issued arrest warrants for 50 others charged with failing, despite repeated warnings,
      Reuter  -  243 words
    • 127 4 AFP TOTAL EQUITY investments approved in Manila in January showed a threefold increase over the same period last year, ths official Philippine News Agency (PNA) said on Sunday. Foreign investors accounted for 57 per cent of this year's total January investments of 191.3 million pesos
      AFP  -  127 words
    • 268 4 AP THERE ars signs of progress in Indonesia's economic development in spite of a world economic recession and a drastic fall in oil prices, according to the Minister for Development Cooperation of Netherlands. P Bukman said on Sunday that on his eight-day tour of
      AP  -  268 words
    • 802 4 ARRIVALS Operator So "vto» «cal From IM MtMT 1 fen* MAS MHtlt 0910 pen MAS MH471 0920 KUL su SQ103 0950 Km AC A/f 0950 YYZ/IM/BOM At AM 32 1005 IOM/MAA/KUL CPA CX710 1015 CGK MAS MH603 1020 KUL MA M421 1030 IWN CIA GA960 1100 CGK
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  • Page 4 Advertisements
    • 59 4 Mk' t -j* M v f ♦..**h 3BSR9 d&Cw a Korean Air wide-bodied jet takes off from Singapore bound for Seoul. With ten connecting flights to New York every week, it's a fast and easy way to fly. For full flight details please contact our Singapore office on *****11. KOREAN
      59 words
    • 62 4 ;'`+|(^-,_/~^_=>\|"/{?.`}&?;_.; I i I I I The business person's choice, every I I II I I Iff II I Tuesday, Soturdoy and Sunday. I 1 VI %l I VI VI \l Leaving Changi Airport at 22:05 JLiV«/l. lJ— i hours and arriving Heathrow at 06:45 hours the following morning. Call
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  • Page 4 Miscellaneous
    • 63 4 Doonesbury MHY RCKTHEUNROATEP WORP'CONC&TOREFeR TOVe UNM&mONABLa PROPUCT tUEAR£S£LUNG* O£AR MTU MB FOR A TALB ABOUTMY AaQk IBBN-A6B *A PRU6SJORB, LAIt LAST YEAR-. uh... excuse I WHAT CAN IPO FOR YOU, SON? i 1 lIIUII Ol sim m .*> BY GARRY TRUDEAU rn.mL.rp UKS...UH... THAT 15... UH... TP... I'P... 11l **■<■
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  • REST OF THE WORLD
    • 526 5 AFP WESTERN governments, including the US and West Germany, on Sunday praised Soviet leader Mikhail Gorbachev's latest offer on medium-range nuclear missiles, although Britain and France the two West European states which possess such arms were less enthusiastic. In Washington, White House spokesman
      AFP  -  526 words
    • 323 5 UPI SWEDISH Prime Minister Ingvar Carisson dismissed as "speculation" a newspaper report that his predecessor, Olof Palme, may have been assassinated because he botched efforts to mediate the Iranian-Iraqi war. One year after Palme was gunned down, Richard Reeves alleged in
      UPI  -  323 words
    • 253 5 AP A COMMERCIAL, paperback version of the Tower Commission Report on the Iran-contra affair popped off a binding machine 47 hours and 29 minutes after the report's release in Washington, a Bantam Books spokesman said last Sunday. Bantam and its co-pub-lisher. The New York Times,
      AP  -  253 words
    • 494 5 AP WHEN SHE WAS 11. Kim Merritt's grandmother bought her three US$l chocolate moulds. At 19, her Kim's Khocolates Factory is projecting gross revenues of nearly U*****,000 on her custom-moulded chocolates. "I don't consider this so successful. I'm nowhere near where I
      AP  -  494 words
    • 222 5 AP PUBLISHER ROBERT MAXWELL has opened a newspaper price war by cutting in half the price of his new London Daily News and giving free copies if necessary rather than permit it to be "sabotaged" by a rival paper. The week-old
      AP  -  222 words
    • 435 5 NYT THE US ECONOMY grew at a slower pace in February, as the growth rate of production and new orders declined from January's levels. According to the monthly survey of the National Association of Purchasing Managers, 31 per cent of the responding purchasing
      NYT  -  435 words
    • 244 5 NYT DESPITE sn agreement to stop dumping toxic pollutants into the Greet Lakes and restore the water quality, the US and Canada continue to contaminate the world's largest body of fresh water, a study by a conservation group, Great Lakes United,
      NYT  -  244 words
  • Page 5 Advertisements
    • 31 5 *U S v\ IBM y* TOWERS etc*. STtfT u 9« m-y «*,< v *-§5? f i I I h**sN *Nt* 1W:224t1t1 HOMO LEONQ PROPERTIES PTE UFO ieMMOu*«»«l Hong LcongßuMntfflingapoi* 0104 iiSjp" {JEfi
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  • BANKING AND FINANCE
    • 455 6 Lack of sophistication seen in markets Reuter GULF MONEY MARKETS have grown reasonably welt during the past decade, but bond and stock markets remain to a large extent fragmented and lag behind, Gulf International Bank BSC (GIB) said. The bank's economist, Henry Azzam, said
      Reuter  -  455 words
    • 168 6 AFP JAPAN'S central bank issued 941 million yen (US$6.l5 billion) in new notes last month three times higher than for the same month in the previous year, the Bank of Japan (BOJ) has announced. The record figure of new notes for the month
      AFP  -  168 words
    • 137 6 THE Indian Overseas Bank's US$25 million floating rate certificate of deposit issue was signed last week. Arranged by Standard Chartered Asia Ltd and Standard Chartered Merchant Bank Asia Ltd, the issue is the Indian Bank's third FRCD. Proceeds will be used for general funding.
      137 words
    • 353 6 Reuter THE PHILIPPINES starts crucial talks with its creditor banks today, confident after four months of heated rhetoric over repayment terms that it will win a reprieve on part of its large foreign debt. Philippine central bank officials in Manila said yesterday that
      Reuter  -  353 words
    • 279 6 Reuter JAPANESE investors' net purchases of foreign bonds set a record in January, while their net foreign share buying dropped steeply on profit-taking selling, a finance ministry official said. Net purchases of foreign bonds, excluding bills, rose to U5510.46 billion in January from US$B.92 billion
      Reuter  -  279 words
    • 298 6 Reuter INTEREST PAYMENTS from abroad boosted the Bundesbank's gross currency reserves by 900 million marks to 109.2 billion marks in the third week of February, the West German central bank said in a statement last week. With foreign liabilities falling 200 million marks to 22.9
      Reuter  -  298 words
    • 191 6 SIX TRADING RECORDS were set on the Singapore International Monetary Exchange last month. Among them were the total monthly trading volume and average daily turnover. The February volume reached 122,819 contracts, up from the record 116,767 lots set last September. Average daily turnover
      191 words
    • 1056 6 SINGAPORE: The US dollar closed narrowly mixed in quiet trading yesterday, with the dollar marginally higher against the yen and the Singapore dollar but slightly lower against major European currencies. Dealers said that the dollar moved within a narrow range throughout the day as most operators were reluctant
      1,056 words
    • Article, Illustration
      80 6 THE OVERNIGHT rate on the Singapore interbank market shed 14 point to close at 3% per cent yesterday. The term rates were unchanged across the board at 3 7/16 per cent htfllr Hi inoicwwi uif 1VV1199 w uif prime landing rates of 12 major bonks In Singapore S$
      80 words
    • 304 6 HONGKONG: Gold closed slightly easier in moderately active but dull trading mainly on light local profit-taking. Dealers said that investors' interest in gold was dampened by soft oil prices and the dollar's resilience. The metal ended at U*****.80/U*****.30 an ounce against the U*****.10/60 finish here last Saturday and
      304 words
    • 100 6 Reuter ZAMBIA will retain its for-eign-exchange auction system despite the suspension of weekly auctions since Jan 24. President Kenneth Kaunda said: "The auction hasn't been abolished at all." He said the system would be reintroduced after talks with the World Bank and the IMF and.
      Reuter  -  100 words
    • 221 6 Interbank rates at 3pm yesterday: BM 08ar arm portly Local dolkif 1 to on* unit of foreign curroncy: US dollar 2.1360 2.1370 2.8196 •2424 SuHhg poun d 3.3150 3.3187 7.3469 54.88 AuctroRan do Nor 1.4514 1.4542 3.4286 -5747 NZ doHor 1.2015 1.2041 3.4286 -64.96 Canadian da Mar 1.6017
      221 words
    • 279 6 ASIAN DOLLAR deposits rates closed steady at opening levels in quiet afternoon trading yesterday. Short-dates were mostly steady at the outset and remained unchanged in subsequent trading. Overnight closed at 6-1/8 6 per cent and week-fixed at 6-1/4 61/8 per cent. Term rates were steady to slightly
      279 words
    • 592 6 CARRYOVER buying interest on weaker oil prices end a stable US dollar after Friday's US trade figures saw June Eurodollar opening 5 ticks higher at 93.69. Trading was quiet with prices firming to 93.72 in the later part of the session on news of slower US economic growth reported
      592 words
  • Page 6 Advertisements
    • 73 6 •k* A I Come to ,f Mariners' J I Corner i I Restaurant to taste the > traditional Hainanese Western Style Claypot dishes. Claypot Oxtail. X Clay pot Chicken. Claypot Seafood. Claypot Mutton Every dish comes 1 complete with US potatoes. I vegetables. California fruit cocktail pie plus complimentary glass
      73 words

  • WORLD BACKGROUND
    • 930 7 Reuter WHEN GHANA became the first black African colony to win its independence 30 years ago, a new era of political unity and economic progress appeared to many Africans to be dawning for their continent. Today, the vast majority of Africa is independent. There have
      Reuter  -  930 words
    • 682 7 Reuter THE FOOD is usually lovely. The hosts are always charming. But when ministers and diplomats meet to hammer out international economic agreements, the results are at best mixed, economists say. That is why many are fairly sceptical over whether the recent Paris Agreement
      Reuter  -  682 words
    • 749 7 Reuter FEW LATIN AMERICAN nations match the abject misery of parts of Africa and Asia. But poverty in the region is grim, getting worse and will be hard to alleviate as Latin America labours under a recession and its mountain of debt. Economic planners
      Reuter  -  749 words
  • Page 7 Advertisements
    • 48 7 I w Jaegek-leCoultr^ Kef 101 1 JO. 1 i Moonphases gents' model bv Jaeger-1 a 1 Coultre. Automatic movement with complete calendar. Available in SINGAPORE: Sincere Watch Pte Ltd Cortina Watch Centre Nanking Watch Tigress Changi Airport MALAYSIA: C.I.L. Centre Hilton Hotel Woo Hing Bros (M) Sdn Bhd
      48 words
    • 339 7 The Crown Prince Singapore. Where bigb expectations are quietly met. The business traveller to Singapore is out to do a job. As such, his expectations are higher than normal. We know these expectations very well. At the Crown Prince Singapore, it is a custom to meet every one of them.
      339 words

  • FEATURES
    • 545 8 TELLING PEOPLE how many babies they should have is a delicate business for the Government. Just as delicate a matter is having to tell some of them that the irreversible sterilisation they agreed to undergo in what was then held up to be the
      545 words
    • 1217 8  -  Automated guided vehicles are not dumb "waiters". They are electronically programed robots which can take the place off conveyor belts, forklHts and other static industrial carriers. A local company is designing and developing the first prototype In Singapore, reports MARTIN SOONG. MARTIN SOONG THE NEW WAVE in
      Source: High Technology magazine  -  1,217 words
  • Page 8 Advertisements
    • 86 8 "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
      86 words
    • 6 8 Keep your investment decisions on target
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  • Page 8 Miscellaneous
    • 709 8 CRYPTIC PUZZLE ACROSS 3 Of a country where one direction is another? (5) 8 Like that last mistake (5) 10 Memorise a role for a Pole (5) 11 It is helpful in the extreme? (3) 12 It was long ago, but not in antediluvian times (5) 13 Funny paper boy
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  • SPORTS
    • 374 9 AP LANNY WADKINS scored an ea-gle-2 during a front-running round of 70 that provided him with a three-stroke victory on Sunday in the Doral Open golf tournament in Miami. Wadkins claimed the 16th victory of his 17-year PGA tour career with a 277 total, 11
      AP  -  374 words
    • 440 9 AP DOZENS of people were injured and 18 arrested on Sunday in the worst outbreak of soccer violence so far in The Netherlands, which forced the authorities to halt a professional soccer match after 45 minutes of play. The incidents occurred during
      AP  -  440 words
    • 408 9 AP TOP-SEEDED Ivan Lendl of Czechoslovakia came from behind on Sunday to defeat Austria's Thomas Muster and advance to the men's round of 16 at the US$l.B million International Players championships. Lendl, the defending champion in the two-week, grand-slam format tournament in
      AP  -  408 words
    • 458 9  -  By WALTON MORAIS ADVERSITY somitimes brings out the best in people! In the swirling winds and chilly cold of Hongkong lest (peek, adversity affected two Singaporean golfers differently. For M Murugiah and Samson Gimson, the Hongkong Open golf championship was to
      458 words
    • 207 9 AFP JIMMY WHITE set his sights on fellow. Englishman Steve Davis's world crown on Sunday after taking just 99 minutes to clinch the British Open. v Trailing eight frames to seven to compatriot Meal Foulds overnight, the 24-year-old Londoner won six cut of seven frames
      AFP  -  207 words
    • 259 9 AP LOU DUVA, manager of American Johnny Bumphua, hat filed an official complaint with the International -Boxing Federation about the outcome of last Sunday's fight against Briton Lloyd Honeyghan, London's Sunday Times reported. Honeyghan, the World Boxing Council and IBF welterweight champion, stopped Bumphus in
      AP  -  259 words
  • Page 9 Advertisements
    • 31 9 f A GOOD CATCH "The English Pub If here Gentlemen Meet, Hat and Drink" t!f■' n< n i't- > I I-. f '■< >rl lull 1 4< ill' ••II 1 1 MARINA MANDARIN
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  • Page 9 Miscellaneous
    • 1193 9 iw em mm TUESDAY PREMIERE Jealouay 10.30pm, Channel 5 Angie Dickinson (left) plays three women hit by fits of jealousy in this trilogy She plays a woman who competes with her daughter for the affections of a younger man; the wife of an eccentric millionaire whose "other woman" turns out
      1,193 words
    • 65 9 Play golf the Sevvy way &HE GXtP OP 7HE A/OHT HAHt> 7HUM&, AMP FOHE&HGE* SHOOU> T'GHTGM SLtGHTLY AS THE CLUBHEAP combs /*rro THE HtrrtHG AREA. UR TO THAT /m \\l PO/JVT THE MSHr\jr£ JUBV HAM& $HOUU> —\C £€AfA//V P*$StV£. AVOfO QXtA*WG TOO />jjU TtGHTLV UhfTTC THE HAN&S REACH BELOW THE
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  • INTERNATIONAL COMPANY NEWS
    • 904 10 Wall Street practice called into question by insider trading NYT WALL STREET, struggling to clear itself of the taint spread by the insider trading scandal, is facing the most thorough re-ex-amination and perhaps overhaul of its self-regulatory system since the Depression. The securities industry is
      NYT  -  904 words
    • 185 10 Reuter AMERICAN EXPRESS CO, rumoured to be considering a spin-off of part of Shearson Lehman Brothers Inc, has said it is studying ways to improve Shearson's access to capital and help it meet stiffer international competition. In a joint statement on Sunday, American Express and
      Reuter  -  185 words
    • 312 10 Reuter NEW JERSEY-BASED overnight messenger Purolator Courier Corp says it has agreed to be acquired for about US$265 million by a company formed by E F Hutton Lbo Inc and certain managers of Puroiator's US courier business. Analysts have said Purolator has been for sale
      Reuter  -  312 words
    • 930 10 NYT APPLE COMPUTER INC has introduced two Macintosh models that will usher in a new generation of technology for personal computers and serve as the basis for the company's growth for years to come. Company officials and analysts in the US say the
      NYT  -  930 words
  • Page 10 Advertisements
    • 485 10 i; Wiiere t® wiae, aai «aMii Pi m. ir.S> It's the NEU FACES... Fresh from their European tour. Fhe NEU KACES Veteran and versatile musicians Rock n Roll. lop 10, Neu Wave excellently performed tor grand entertainment Nightly except Sundays At the Alcove lounge where the beer is cheapest among
      485 words
    • 129 10 We earnestly suggest you take afternoon refuge in our $4.50, one price menu of 24 local and western favourites. All at hawker prices in air-conditioned comfort from 3 pm to 6 pm daily. The minute you feel the rumbles, head for shelter here. (All prices subject to 10% Service Charge
      129 words

  • ASIAN STOCKS
    • 394 11 HONGKONG: Share prices closed firmer yesterday with the Hang Seng Index at another record high, as investors chose to ignore a full percentage point rise in the prime rate at the weekend, brokers said. The Hang Seng Index rose 16.39 to end at 2,894.26, surpassing a closing high of
      394 words
    • 231 11 MM 18 Kolin 30.20 0.3 248 0.06 Kuochan Dav Las Chang Yuan .30 80 32.70 1.7 •0.4 35 00 1 22 90 0 3 46 10 +1.6 Nan Ya Plaa 38.20 0.6 56 00 3 31 30 0.3 Chtna Loong On Hsin Cement. 33 00 32 70 15 30
      231 words
    • 270 11 MAR 02 YIN 3350 +J» 350 Mitsub Elac Mitsub Estate 486 2810 11 110 -2 30 -♦-20 unch 10 39 29 Mitsub Heavy 560 39 626 Mitsubishi 1060 -40 925 1360 1360 714 Mitsui Co 640 14 Asahi Glass Bank Of Tokyo Mitsui SMpbtdg Mitsui Smarting Mltsukoahi 231 298
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    • 92 11 MAM OS 1 Acoje Mining Anglo Phil Apex Mining B •not 0 06 unch Phil Overseas Phi lex B Picop B 0 048 041 -0 007 unch unch Atlas Con B 18 25 0 0085 0 25 Basic Petroleum 0.014 -0 001 San Miguel B 122 0024 unch •0
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    • 546 11 SYDNEY: Keen demand for leading resource and industrial stocks pushed Australian share markets higher in relatively quiet trade yesterday, with key indices finishing at record levels, brokers said. They said yesterday s buying had carried over from last week and a lack of negative news over the weekend ensured
      546 words
    • 123 11 ma m atffi v<Kai 1360 20 Kangwon Ind ***** 1090 ClMil Sugar mi 115 Kta Motor 1625 *o >11 Koton Ind 3600 SO s» -12 Koraa Long Tarm 2056 Piwoo hmv« mo 20 Lucky Ltd 1500 unch OmWn SacurrMa Dong Ah Phar Ooog Suh Slock OkMObu SlMi i 3730
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    • 138 11 Reuter BANGKOK: The Stock Exchange of Thailand Index edged up 0.61 to 209.40 on a turnover of 556,485 shares worth 105.8 million baht. MAR 82 MHT Poet Publishing Saha Union Siam Camant Siam City 160 174 807 •1 4 unch Ayudhyl Invntmni. Bangkok Aflro-lnd~7. Badbkok Bank. BatfbtAyudNya Charoong Thai
      Reuter  -  138 words
    • 85 11 Reuter THAI AIRWAYS International plans to expand its fleet to 96 from 30 aircraft by 1995. Thamnoon Wanglee, vice-president for finance, told a marketing conference, (hat Thai Airways would finance the expansion by borrowing. He aaid the airline planned to reduce its yen borrowing to 36.4
      Reuter  -  85 words
    • 395 11 FT SAN MIGUEL, the Philippines's largest industrial company, is under increasing pressure to explain the proposed sale of its Hongkong brewing unit last April, set in train in order to finance the intended buyback of about a third of its own shares.
      FT  -  395 words
    • 352 11 UPI TWO STEEL FIRMS affiliated with Japan's No 2 steelmaker, Nippon Kokan, are studying the possibility of merger as pari of a comprehensive reorganisation plan to overcome the prolonged business slump. Nippon Kokan officials said on Monday that the plan had been under review among
      UPI  -  352 words
    • 198 11 Reuter QANTAS AIRWAYS LTD has placed a firm order with Boeing Co for four 747-400 aircraft at a cost of AS2SO million each. Chairman Jim Leslie said yes- v terday the first was due for delivery in April 1989, with the
      Reuter  -  198 words
  • Page 11 Advertisements
    • 571 11 X ;v v .r < piss Ml El -d juitii «iii«Mi IS //> Wk Temptations served round the dock Only at Cafe Excelsior A delightful selection of western and local favourites Hong Kong style noodles and congee A superb High Tea Buffet Served daily from 3pm to 6pm Eiccfuor Hotel
      571 words
    • 109 11 7T7TTW*****T Peking Sichuan Restaurant HOKKIEN-PORRIDGE IIgWS DINNER/SUPPER Buffet Style Choose from more than 20 appetizing dishes. Eat all you can for only $7 oQ++ Dinner/Supper Time: 7pm 3am JHS A ri-v. 4^ > V V 19 Cairnhill Circle. Singapore 0922 W Tel: *****98. *****22 ext 141/144 For all you can
      109 words

  • RAW MATERIALS
    • 408 12 Reuter ANALYSTS at Shearson Lehman Brothers foresee a bearish year for base metals in 1987. Analyst Angus MacMillan said despite a recent rise in the price of aluminium he was standing by his January forecast of an average price of 52 US cents per pound
      Reuter  -  408 words
    • 592 12 Reuter DESPITE HEALTH FADS that cause many consumers to shun butter for margarine, and shudder at the idea of cooking with animal fat, the world's latest food glut is in the vegetable oils that often substitute these products. Competing in an oversupplied market, US
      Reuter  -  592 words
    • 178 12 AFP AUSTRALIAN WHEAT exports reached record levels for the third time in succession in the 1985-66 financial year, Australian Wheat Board (AWB) general manager Ron Paice said in Melbourne yesterday. Mr Paice, speaking to reporters after the board's 1985-86 annual report was delivered in
      AFP  -  178 words
    • 73 12 Reuter WESTERN AUSTRALIA'S Argyle Diamond Mine is now the world's largest diamond producer, accounting for about one-third of global output The Bureau of Mineral Resources said the Argyle Diamond Mines Joint Venture produced 29.21 million carats in calendar year 1986, about 10 million carats more than
      Reuter  -  73 words
    • 221 12 AP SRI LANKA's earnings from tea, the country's top export, fell by US$ll2 million last year compared with 1965, according to a government-owned bank. The statistics released last Friday by the Central Bank said that in 1965, export earnings from tea totalled 12 billion rupees
      AP  -  221 words
    • 328 12 AFP INDONESIA should schisvs a modest increase in palm oil exports and coffee production in 1987, although coffee exports are expected to fall, according to an American embassy sgricultural report. Indonesis should achieve a "modest increass" of 25,000 tonnes in palm oil sxports
      AFP  -  328 words
    • 240 12 Reuter INDONESIA'S rice output is expected to fall this year because of pest damage and small imports may be needed to make up the losses, according to an US Embassy report The report on Indonesia's agriculture sector in 1967 says a fall
      Reuter  -  240 words
    • 127 12 Reuter CHINA'S Ministry of Foreign Economic Relations and Trade has ordered curbs on foreign investment in its peanut industry because exports are being disrupted. The official Economic Information Journal quoted the ministry as saying peanuts and products made from them are a traditional form of
      Reuter  -  127 words
    • 64 12 THE PRICE OF TM on too Kuala Lumpur tin msrfcot cants to'doooiWMO gradually throughout loot Trading was brisk. Turnovor was 109 <onn»i com* pared wNh 106 on Friday. Soma minors had already obtalnsd allocation» to mN at lha start of too IM7 axport quots poriod. KL TIN Cla*H
      64 words
    • 147 12 Chines# Produce Exchange Sellers noon closing prW dm on Mor 2 (SS/100 kg). Coconut oil Mi FOI BOM OM drwn FOB 90.00 Now drum FOI 94.00 Copra Mlxod (law) 42 wlia Pepper FOft NLW 1. 1 1250.00 jO'QWOK TTrWre FOft foq NLW 1235.00 Sarawak ip#dol Modi FOft NLW
      147 words
    • 243 12 Reuter SAUDI ARABIA'S crude oil production fell to 3.5 million barrels per day (bpd) last month, its lowest level in a year, as some buyers resisted paying official Opec prices, Gulf oil sources said yesterday. But they said the decline was less than expected and
      Reuter  -  243 words
    • 187 12 Reuter MINE and industry officials from most member states of the Association of Tin Producing Countries (ATPC) say they have found ways to limit group exports to 96,000 tonnes in the year started March 1, according to views polled by Reuter
      Reuter  -  187 words
    • 185 12 MALAYSIAN crude palm oil prices closed weaker yesterday on further selling and reserve of buyers, in sympathy with easiness in palm oil futures. Dealers said that uncertainty over the outcome of India's weekly palm oil tender on Friday also dampened sentiment. Trading remained thin with interest again confined
      185 words
    • 101 12 OIL PRODUCTS GASOIL, fuel oil and low sulphur waxy residue all fell in the Far East petroleum products market Incoming cargoes added to ample local supplies of gasoil and fuel oil, outweighing any potential local demand. Naphtha and kerosene were unchanged in quiet trade. Closing prices for crude (FOB origin)
      101 words
    • 66 12 Bangkok Broken Rice A-l Super 136 (USS/tonM, FOS) A-1 Special 135 White Rice 255 223 C-1 Spaciol C-1 Ord wq unq 100% 1* eta** 100% 2nd do** Loonzain Rice 100% 3rd do** 216 100% 1* flrod* unq 217 206 100% 2nd grod* 5% 100% 3rd grad* w»q 10% 15%
      66 words
    • 311 12 BMGAPORE The market closed lower yesterday with March 1 RSS buyers quoted at 184.00 cents/kilo, down 2.50 cents from last Friday. Speculative selling after lower Japanese advices caused prices to fall two cents in thin morning trading. Prices lost further ground in thin afternoon trading on some long liquidation
      311 words
    • 264 12 RAS prices ot 0MMg.PI M In bate NOON QOSE to 1 KSS hm* IMJOO IWJOON 187.00 IMJOON tat 1 KS Apr! 1 87 1«SJOO 1*550 1*4.00 1*450 tat 1 KS May 1*4X» 1*450 1«3j00 ***** lw 2 KS or 17*50 17S50M ***** 177JON tat 3 KS Of
      264 words
    • 86 12 (carti/kg, 1-«o" 1 Patau) Aft 87 MAY 87 (currant month) (forward month) NOON NOON RAS Ivyan S*H*n •wywn Silw SSI 30 167.00 169.00N 166 JO 168 JON ss> so MRELB ***** 167 JON S^iisri 165.00 167j00N wl llbbv SMI cv iKywi 254JO 256J0N 255JO 257JON SMI L
      86 words
  • Page 12 Advertisements
    • 393 12 BAT British-American Tobacco Company (Singapore) Ltd. ANNOUNCEMENT AUDITED RESULTS The Directors are pleased to announce the following audited results of the Group and the Company for the year ended 31 December 1986 Net Tangible Asset backing in cents per share 89.5* 89.2* In the opinion of the Directors no item,
      393 words

  • SHARE INFORMATION
    • 4257 13 SELECTED blue-chip industrial. banking and property stocks came under profittaking yesterday as the Singapore stock market struggled hard to reach a new peak. Prices generally ended on a mixed note with gainers taking a narrow 88 to 84 lead over losers. The usual rotation
      4,257 words
    • 233 13 SINGAPORE Rises Ind leas U 27 Mar > C E Ufa Eaa SO* too Sport Im Sat Vlaw M Flour Matra HMg U A C Ortaiaol Hh Frfaaa Transit Mini ims F M HUgt S N f SO* 2090 366 274 420 206 354 7A0 2*9 *9>
      233 words
    • 4137 13 810 and offer price» 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".
      4,137 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 497 14 Stock split also proposed Reuter CHEUNG KONG (Holdings) Ltd and its 36 per cent-owned associate Hutchison Whampoa Ltd have both proposed a four-for-one stock split and a one-for-four bonus share issue. In the case of Cheung Kong, its bonus share issue and a final
      Reuter  -  497 words
    • 416 14 MBT KOPERASI Usaha Bersatu Malaysia (KUB), Umno's cooperative arm, plans to list one of its subsidiaries on the Kuala Lumpur Stock Exchange before the end of the year, according to its chairman Datuk Haji Harun Idris. Addressing the KUB delegates at a meeting
      MBT  -  416 words
    • 305 14 MBT UNICO HOLDINQS's latest attempt to acquire a stake in a publicly-listed vehicle has again run into a snag. Sources say the stumbling block this time sppears to be the offer price. The sources disclosed that the prospective vendor, believed
      MBT  -  305 words
    • 479 14 MBT FEDERAL CABLES, Wires Met•l Manufacturing's proposed sale of fixed assets end stocks relating to its cable manufacturing operations to s joint-venture company will reduce the group's borrowings by about M 519.6 million. The interest savings will amount to about $2.4 million
      MBT  -  479 words
    • 111 14 Bernama TRADING on the shares of Paper Products (M) Bhd will resume on the Kuala Lumpur Stock Exchange today, the KLSE announced yesterday. This followed an application by the company to the KLSE and the Stock Exchange of Singapore for the relisting of its
      Bernama  -  111 words
    • 203 14 MBT PEGI Malaysia Bhd has acquired a 20 per cent staks in Provincial Insursnce (Malaysis), which is s general insursnce company. Pegi has bought ths entire equity of AQB Properties whose only investment is a 20 per cent staks in Provincial. The entire
      MBT  -  203 words
    • 395 14 THE KUALA LUMPUR stock market cloeed mixed yesterday as profit-taking trimmed early gains. Selective blue chipe and lower liners which were previously neglected attracted support. For instance, Esso shot up 26 cents to $4.36, Guinness 10 cents to $2.96, and Federal Cables
      395 words
    • 235 14 Managers' prices MARA-Bumiputra for Mar 3 Fint 8'putra 606 6.11 Socond B'putro 5.41 546 Singapore Unit Trust Third B'putro 424 429 Tt»* Conmro 104 Th* Savings Fund 0 90 S'por* Frog Fund 0.41 S'por* S*c Fund 06V S'por* lnv*»t Fund 0.77 S'por* Equity Fund 0.50 1.12 0*7 045
      235 words
    • 2827 14 PIT) alter pries «owiHy Ueted ud twin— tm «ad reported to the Koala Lumpur Stock Exchaege yeeterda/, with the number of rinra traded whamm la htacheto to lots a 1,000 units unlets otherwise specified. INDUSTRIALS Am l—l Aba Mg t—) Alcorn (836 90S) Ml 85
      2,827 words
    • 45 14 KUALA LUMPUR KEPOHQ Barhad: 14th AGM at Wisma Taiko, 1, Jalan S P Saanivasagam, ***** Ipoh. Perak, Malaysia, on Thursday, Mar 12, at 12.30pm. THE WILKINSON PROCESS RUBBER COMPANY Barhad: 55th AQM at No.70 Jalan Ampang, Kuala Lumpur, on Mar 23, at 2.30pm.
      45 words
    • 113 14 HONGKONG Hongkong Indox Monday 1850% Friday 1841.20 Waak 090 >644.57 Hang Song Indox tin ■rim 1 0Mi0l& 9 flnOOOOy £Uf*.sJO Friday 2677 87 Waak 090 *****) All Industrials Monday 25(0.0* Friday 2SB07 WMk ago ***** NEW YORK Dow Jonos Friday *****9 Thursday 2216J8 WMk ago 22S5J4 TOKYO k.
      113 words
    • 718 15 wmmm™ HOCK LOCK SIEW WHILE NOT EXACTLY a household name in Hongkong, Genting Bhd is nevertheless no stranger to stock market follow- >• ers there. In 1980, the Malaysian casi- no operator acquired three Hongkong-based rubber companiea for some MslBo million
      HOCK LOCK SIEW  -  718 words
    • 397 15 A LOSS in the second half plus a sizeable extraordinary deficit slowed down profit growth at Isetan (Singapore), one of the bigger retail groups here. Preliminary figures released by the company yesterday show that the Isetan group suffered sn after-tax loss before extraordinary
      397 words
    • 291 15 .JACK CHIA-MPH Ltd has re- quested a suspension in trading of its shares on both the Singa- pore and Kuala Lumpur stock < exchanges, pending the outcome of important negotiations by its < Australian associated company J in connection with the South Yar- ra project in Australia. The
      291 words
    • 463 15 Bernama INNOVEST BHD is preparing its fast-food business held under Kentucky Fried Chicken Holdings (KFCH) Sdn Bhd for a listing on the Kuala Lumpur Stock Exchange. Chairman Datuk Or Mokhzani Abdul Rahim said the company would seek listing once it
      Bernama  -  463 words
    • 491 15  -  By AMY BALAN AN ELECTRONIC LINKAGE which would see US and UK stocks listed on the Singapore stock exchange and herald the start of 24-hour global equity trading among the three centres has been agreed to in principle by the relevant authorities.
      491 words
    • 728 15  -  Group's income expected to fall due to lower rental rates By NAJEEB JARHOM SINGAPORE LAND, which incurred a sharp 31 par cant drop in group pre-tax profits to $23.41 million in the year ended Aug 31, 1986, has projected even lower
      728 words
    • 668 15 LAST FULL YEA* Camp an fwM Don Veer en Grmm mm am Mnead •ndhf I, ,im) dfe pfeftt lea year troooi Fed Coble. Interim Jun 87 6.*****) S J Amol Interim Dec 19 Mor 86 73 527 Motoyowoto Interim Dec II Mor 87 30.4931 K L Industrie* Finol
      668 words
    • 279 15 BRITISH-AMERICAN Tobacco Company (S) Ltd (BATS) has ended fiscal 1966 with lower profit* due to a combination of factors such as unfavourable economic conditions, domestic competition and lower exports to non-traditional markets. For the 12 months ended Dec 31, 1986, group pre-tax
      279 words
  • Page 14 Advertisements
    • 267 14 NOTICES PRESCOTT TRADING PTE LTD VHunbiY WlndlnHJp) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of PRESCOTT TRADING PTE LTD duly convened and held at 36 Robinson Road, #05-01 City House, Singapore 0106 on 24 February 1987 the Mowing resolutions were duly passed as: SPECIAL RESOLUTION That the
      267 words
    • 440 14 NOTICE OF FINAL MEETING THE COMPANIES ACT. CAP. 185 GAMMON BUKIX BESI PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN that pursuant to Section 306(1) of The Companies Act, Chapter 185, the Final Meeting of the members of the abovenamed company will be held at 6001 Beach Road
      440 words
    • 229 14 (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Hwa Hong Corporation Limited (the "Compeny") is pleased to make the following announcement: BONUS ANO RIGHTS ISSUES Further to the announcement of 15 January 1987, approval in principle has been obtained from the Stock Exchange of Singapore Limited
      229 words

  • Page 15 Advertisements
    • 236 15 THE KOREA EXCHANGE BANK (the "Issuer") NOTICE to the holders of the outstanding U5530,000,000 FLOATING RATE NOTES DUE 1088 of the Issuer (the "Notes") of the EARLY REDEMPTION ON 9th APRIL, 1987 of all of the Notes by the Issuer NOTICE IS HEREBY GIVEN to the holders of the Notes
      236 words

  • 572 16  -  By LEE HAN SHIH THE LEADERS of the Chinese business community convened yesterday and chose a 63-year-old engineer to lead them through the next two years. Mr Linn In Hua, chairman of the East Machinery group, will become president of the
    572 words
  • 459 16 Reuter PRIME MINISTER Yaauhiro Nakasone ia likely to laave office this summer amid oppoeition to hia controvaraial tax-reform package, aaid political analysts yeeterday. They aaid Mr Nakaaone'a reputation as a skilled politician had auffered irreparable damage from hia aupport of a 5
    Reuter  -  459 words
  • LATE FILE
    • 46 16 Bernama MALAYSIAN-THAI economic cooperation ie to be enhanced with the establishment of a joint commieeion between the two countries. Malaysian Foreign Minister Datuk Rais Yatim said in Bangkok yeeterday that his government had given its approval for the formation of the commission. Bernama
      Bernama  -  46 words
    • 63 16 AFP ECONOMIC GROWTH in a number of key Asian economies is likely to slow over the next few years, depressing demand for Australia'a traditional exports. The National Australia Bank forecast that the next few years were likely to be difficult for many Asian countries because
      AFP  -  63 words
    • 25 16 UPI INDIA and Pakistan yesterday signed an agreement tor a further reduction in troop build-ups along their tenee border. UPI
      UPI  -  25 words
    • 33 16 Reuter SOUTH KOREAN officials yesterday expressed confidence that s huge turn-out of police would thwart opposition plans for nationwide street demonstrations against President Chun Doo Hwan's government today.
      Reuter  -  33 words
    • 35 16 AFP THE NEW Soviet proposal aimed at scrapping all medi-um-range nuclear missiles in Europe is a step towards a "nuclear-free world", a Soviet Foreign Ministry spokesman said yestsrday in Moscow. AFP
      AFP  -  35 words
    • 45 16 AP TRIALS of Aids vaccines could begin this year, but a trestmsnt to prevent the deadly disease remains years away. Anthony Fauci, an American government specislist, said yesterday that s vaccine would probably not be available until the mid-*****. AP
      AP  -  45 words
    • 36 16 Reuter MESSERSCHMITT-Bolkow-Blohm Gmbh of West Germany has given Indonesia a licence to manufacture 80-105 helicopters for international sale, the president of Indonesia's state aircraft industry, Yusuf Habibie, said in Jakarta yesterday. Reuter
      Reuter  -  36 words
  • 165 16 Reuter THE NINE CREDITOR BANKS of international coffee trader Teck Hock and Co met yesterday to discuss ways of letting it fulfil profitable contracts which would help it balance earlier losses, a creditor bank official said. No statement was made after the meeting in
    Reuter  -  165 words
  • 60 16 Bernama THE Automotive Federation of Malaysia yesterday said it was surprised that Proton Saga 1.5S units would be sold in the US for M 512,500, claiming this price structure would require a subsidy of more than M 55,000 per car. It said it was "certainly unfair"
    Bernama  -  60 words
  • 385 16 AP THE PHILIPPINE military chief of staff said yesterday that 181 people had been killed in insurgen-cy-related violence since a ceasefire ended last month, with communist rebels making government centres their key targets. General Fidel Ramos said the insurgents feared the government's amnesty programme,
    AP  -  385 words
  • 54 16 US SECRETARY of State George Shultz (extreme left, seated), and Chinese Foreign Minister Wu Xueqian (right), lead their delegations in formal talks yesterday morning in Beijing, where Mr Shultz is making a state visit. Mr Shultz is slated to meet all of China's top
    54 words
  • 350 16 Bernama MALACCAN Chief Minister Datuk Seri Abdul Rahim Thamby Chik told the magistrate's court in Malacca yesterday that he had gone to "negotiate" with two men accused of extorting him because he was afraid of poison pen letters. He told the
    Bernama  -  350 words
  • 134 16 UPI OFFICIALS in Hongkong yesterday reported a 21 per cent increase in container traffic through the British colony last year, which they believe has vaulted the territory past New York to become the second largest container port after Rotterdam. The growth rate far
    UPI  -  134 words
  • 91 16 Group in Manila over kidnap case Reuter AP ABOUT 30 JAPANESE. Including karate experts and former military men, have arrived in Manila to monitor investigations into the Nov 15 kidnapping of Mitsui's top Philippine executive. Noboyuki Wakaoji, according to the People's Journal newspaper. "They will rescue Mr Wakaoji if they
    Reuter; AP  -  91 words
  • 214 16 Bernama THE NETHERLANDS will offer a U*****.2 million aid package to Indonesia for fiscal year 1967/1968. which is substantially mora than the previous year. The commitment was announced in Jakarta yesterday by the Dutch Minister for Development Cooperation, Piet Bukman, at the end of
    Bernama  -  214 words
  • 119 16 AFP THE US Pepsico Inc is facing opposition from India's drinks industry to its plans to introduce Pepsi Cola into the country, the Indian Parliament was told yesterday. The US soft drinks manufacturer is awaiting the government's go-ahead to enter India for manufacturing
    AFP  -  119 words
  • 84 16 Reuter COMEX gold futures eased on light selling following a downturn yesterday morning in crude oil futures on the New York Mercantile Exchange. Gold for delivery in April loet US$l.OO at U*****.40 an ounce. Silver futures held modest gains in the morning following the upturn in
    Reuter  -  84 words
  • 63 16 Reuter WALL STREET stocks moved higher yesterday in moderate, trading. American Express buoyed blue chips with a strong gain after announcing that it was studying a range of options for its brokerage unit, Shearson Lehman Brothers. The Dow Jones Industrial Average rose 11 points to 2235. Advances
    Reuter  -  63 words
  • Page 16 Advertisements
  • Page 16 Miscellaneous

  • SHIPPING TIMES
    • 417 17  -  World Congress may be held earlier in 1990 By LINDA CHEE THE SINGAPORE Freight Forwarders' Association has been nominated to hold the FIATA World Congress in 1992, -a major event for the industry which will attract some 1,500 delegates from around the
      417 words
    • 297 17 BRITAIN'S annual officer cadet intake is not sufficient to keep even 100 ships at sea, the UK government was told lyA Lloyd's List report quoted Commodore Gordon Greenfield, a Medway pilot and senior vice-president of the Nautical Institute, who said the current
      297 words
    • 116 17 Reuter A 14,000 STRONG team of South Korean salvage workers have successfully refloated the Hongkong Container which went aground off the southern port of Pusan six months ago, the South Korean salvage company said. An official of the Hyundai Industrial Development Company said huge sand dykes
      Reuter  -  116 words
    • PORT SIDES
      • 62 17 Reuter THE PORT of Philadelphia was closed when a Cypriot oil tanker, the 25,604 dwt Seapride 11, ran aground, a US Coast Guard spokesman said. He said the port is expected to be opened today. There was no oil spill but the ship was lodged on
        Reuter  -  62 words
      • 99 17 Reuter A 3,135 DWT Russian-registered freighter Znamy Oktyabrya is holed and aground off St Andrews, east Scotland, in rough seas with a moderate swell, Lloyds of London Intelligence Services said. The 1979-built vessel, travelling under ballast, is taking in water and has requested tug assistance. The fishery
        Reuter  -  99 words
      • 71 17 Fairplay THE EUROPEAN Investment Bank has advanced the Kenyan Ports Authority six million European currency units (about US$6 million) for the selective modernisation and rehabilitation of the berths and oil terminals at Mombasa, the country's principal port. The loan has been made available for 15 years
        Fairplay  -  71 words
    • 1373 18 Some pointers from United States Lines fall-out So what went wrong with USL's global service? The plan looked fine on paper. On hindsight USL competitors say the round-the-world service was flawed from the start. There were suggestions that the service took the wrong direction, the
      Seatrade  -  1,373 words
    • 709 18 AB Shpg V 5 Kaitone Shpg VI 4 Accord Shpg VI 3 Key Trans-China VI 2 Africa Ocean IX 4 Kie Gwan VI 4 Alltrans VII 3 Kyowa line IV J Anro Service IV 2/3 I C Shpg VI 3 ANL 1 1/2 lion Huat IV 2
      709 words
    • 1365 18 THE CHARTERING of four vessels to carry grain from Argentina to the Soviet Union featured the freight market on Friday, ship brokers said. The business was all arranged at U5519.50 with two ships for first half March and the others for second half March. Soviet chartering interest is
      1,365 words
    • 177 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 AMRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line
      177 words
    • 171 19 THE PORT of Trincomalee in Sri Lanka is to be developed and modernised with the aid of the Japanese government. A Seatrade report said the Overseas Coastal Area Development Institute (OCDI) in Japan has prepared a feasibility study in cooperation with
      171 words
    • 467 19 Lloyd's List THE TWO BIG operators at Hongkong's Kwai Chung container port are split over the speed at which it should be developed. Recently, the Hongkong government said it intended to reclaim 237 hectares for development of a seventh terminal adjacent to the
      Lloyd's List  -  467 words
    • 386 19 AP THE LONE survivor of a 19-man Filipino crew that abandoned ship during a North Atlantic storm reached port on Saturday in a submarine that had battled 12-metre waves to rescue him. "I'm so happy," said Aimer Ranees, 27, of Quezon city.
      AP  -  386 words
    • 117 19 DOCTORS have successfully transmitted X-ray pictures from the Antarctic to the UK using British Telecom International's Inmarsat service. During the recently completed three-month trial, the Aft}arctic survey ship RRS Branfield sent X-ray images from various Antarctic Royal Infirmary. Specialists were then able to diagnose patients'
      117 words
    • 123 19 Reuter CHINA has signed a US$l3O million loan agreement with the World Bank to partly finance 12 new berths with an annual capacity of 6.28 million tonnes at the 20 million tonne a year capacity Tianjin port, the New China News Agency
      Reuter  -  123 words
    • 135 19 LYKES LINES has added the port of Guayaquil in Ecuador to its containerised service from the US Atlantic coast to the north and west coasts of South America. "We are currently calling at Guayaquil north bound on this fortnightly service, but to meet
      135 words
    • 75 19 PROMOTORA de Navegacion, a subsidiary of Flota Mercante Grancolombiana, has started a dedicated banana service between the US west coast and Ecuador. The service is using a whole package supplied by Sea Containers, which includes three vessels, about 600 TEUs of reefer units, chassis, power packs and
      75 words
    • 5537 24 AARHUS E Gentle. Evergreen. Mar 3. Yin He. China Ocean. Mar 6. E Genius. Evergreen. Mar 11. Axel Ms. Maersk, Mar 12. Ever Garden, Evergreen. Mar 18. ABERDEEN Yin He, China Ocean. Mar 6. ABIDJAN N Van Oiemen, Nedlloydt, Mar 5 CR
      5,537 words
    • 1024 26 AT CONVENTIONAL WHARVES lobo Lobo Ponto* Puspi'a J9 JI2 *****800 *****900 *****600 04 03 2300 VmmI Bertti i Arrival wparturi Sederhona J2 *****800 04 *****0 KEPPEL WHARVES Auby Sun Hon Sigma No 2 JI *****900 *****600 K25W K29 along ltd* alongside *****600 0303/1500 To Shen MARINA WHARVES
      1,024 words
  • Page 17 Advertisements
    • 555 17 Mammoth Hunters J«an M. Auel iZJ CORONET BOOKS it sU Good Bookshops. Aaants: SNIPPING AGENCIES <*y. N«. MOM/ OOK till## 200 Cwitanmnt Moid #12-06 Souttipomt, Support 0001 Mill/ T«l 22MD11 TELEX NO RS ***** OiqbitOvbqeas Omteitm Line NORTH AMI RICA ATLANTIC FXPRfSS (ROUNO THf WORLD ROUTING) f XPORT fXPORI MfK
      555 words
    • 72 17 NEWS that Malcolm McLean, chairman of finan-cially-beleaguered United States Linos and the founding father of container shipping, was finally bowing out, triggered shock waves which are still reverberating throughout the industry. Pege II THE TWO operators at Kwai Chung port are split over the speed at which it should be
      72 words
    • 484 17 <rl BALT-ORIENT LINE Baltic SMpping Co RtfMbr Soviets from South East Aria to UMtod Kington and Nirth Continental Parts Ag#nt: Singapore Soviet Shipping CoPtoLtd Td: *****33 MAERSK LINE Shipping to USA-CANADA? You can still avail your shipments to the pre-general rate Increase rates if you deliver your shipment to Maersk
      484 words

  • Page 18 Advertisements
    • 325 18 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINED SERVICE FAR EAST TO MEDITERRANEAN AND EUROPE ALSO ARABIAN GULF AND INDIAN SUB CONTINENT OUTBOUND TO MEDITERRANEAN T7T77 rrm 1 I Ci-f i iJ"Jt J Bf it 'IJTC i f i OUTBOUND TO ARABIAN GUlf AND INDIAN SUB CONTINENT rrmBTT-nr:
      325 words
    • 268 18 QiaiiiJl 3 mr ■fmm Si2c£a!IE3EaBB3BBC3 jj The Super System |L. SsfcS Supcrcarricr Scrvice ■II X U a-, ii I»j Tm, Calm* Nrt as no CONTAINER SERVICE norwegian specialized autocarriers ja(i NOSAC TAI SHAN ETA MAR 21 M" 11 V AGENTS IMB WUBJBBI MBKBPTLLIB. SINGAPORE *****77 OUTWARD FRT ENQUIRIES/BKGS *****50 CUSTOMER
      268 words

  • Page 19 Advertisements
    • 552 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd CONINNERSMP SBNKt TO IM/CONIKNT:! rpwi P.Mn| fta Htm mm m vn m m im up a* m* v* m* an 22/3 IH Ufi W ml 2w m m m m na m on m an an w w m an at*
      552 words
    • 885 19 NOTICE Singapore Soviet Shipping Co Private Ltd wish to notify all partita that thay have appointed: HANDLING SYSTEM CO SDN BHD (Port Kelang Office): 3rd Floor Wiana Methodist No 6 Jalan Cungah Lorong Hang Jebat Port Kelang ***** Kuala Lumpur Selangor Malaysia Malaysia Telex :MA ***** HSKVL Telex :MA *****
      885 words

  • Page 20 Advertisements
    • 422 20 Hapag-Uoyd l: CONTAINERSHIP SERVICE TO UK,'CONTINENT COftNHACf N AARHUS. GOTHENBURG, MALMO, HELSINKI. OSLO. AMSTEROAM CAMKAN 4 S. AMERICA CO N S E MIC ON T AINE R SERVICE TO EUROP E CCNV SEMI CONTAINER SERVICE TO MED EUROPE CQNTAINERSHIP SERVICE FROM UK CONTINENT H'burf B'havaa Mam LaHavraS'tan |PKS portl HK
      422 words
    • 569 20 kc=l *Xu K.S.LINE MOM t»*"K r,— FULLY CONTAINERISED SERVICE [yo"fUß()pF"vlA"sUfT^ S port P Kalang L*H» 4/3 (2/3) 23/3 U/3 9/3) 30/3 11/3 (16/3) fi/4 2V3 (23/3) 13/4 R'daoi rttoM H'hurj Antvorp 24/3 25/3 21/3 31/3 31/3 1/4 4/4 7/4 7/4 1/4 11/4 14/4 14/4 15/4 17/4 21/4 fROM I'JROPE VIA
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    • 331 20 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: T| Item S PORE PT KELANcj LOADING FOR 11/3 21/3 S«tc Rott/Antw 1 UK (Newport) SINGAPORE PORT KELANC KOTA KINABALU TG. HANI CALICO SHIPPING PTE LTD Tel: 22SM TU RS SOU CAUCO FAX: 2MSZ7I PERKAPALAN UTAMA SON BHD Tel: WDM*
      331 words
    • 867 20 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) CHS NYC ML HK FLX ROM ANW LHV SGP 10/4 20/4 I*4 5/5 3ft 2/5 lft 2*4 27ft Hl* w w 1M m ls vs w s/s is w w m ivs w 4ftl2/510ft20ft24ft23/S22ftaftl7ft is/5 i*s 17/s i* nt m an vis
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  • Page 21 Advertisements
    • 422 21 v PACIFIC INTERNATIONAL LINES VW\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE SIN JKT 1/3 7/3 in i4/i it/> xi/ 3 rtrrtrr vrr^i BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE RED SEA/EAST AND WEST AFRICA SERVICE KARACHI/M.E. GULF SERVICE BANGKOK
      422 words
    • 285 21 sti THONG SOON Robma House. S pore 0106 Tel: *****88. Telex: RS ***** BOOKING: *****88 (DIRECT LINE) SINGAPORE TO KIM SOON LI SINGAPORE TO SARAWAK SINGAPORE TO SABAH PORT SINGAPORE TO MUARA PORT CONTAINER FEEDER SERVI SINGAPORE/BANGKOK With Reefer, and FCL Container Service JENLINK ON 4 Mar 7 Mar SIRI
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    • 439 21 BLC BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT KiUns Marv I** B« STON HAH B HAVEN ROAM HAVRE an vn an an an an an an an an M in 7(4 7M V* M 11(4 W I*4 I*4 I*4 IV4 MM I*4 MM I*4 17(4 MM MM 21/4 mm an
      439 words
    • 534 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINEftSIIP SERVICES f} VESSEL/VOY KUTMAim S. PANJANG/UM CAUDA BMAKTI/17WB SRIWIJAYA/IWB OCCAM PRMA/7WB S'PORE BILBAO MEBEM A DAH/R OAM H'BURC 11-14/3 7M 11/4 12-14/3 13/4 IS/4 17/4 2*4 a? 1 1
      534 words
    • 315 21 BOUSTEAD SHIPPING AGENCIES PAGAN VUOW MTONEYWA V222W SAGAINC PA-AN VMM BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S pore P.Kelang Penang Bangkc 1/tMar Mbr Sfll Mm 1/10 Mir 11AJ Ikir BANK LINE NORTHBOUND TO UKC SPORE ROAM HULL MM FORTH BANK VIM lift 7/4 15/4 12^4
      315 words

  • Page 22 Advertisements
    • 1073 22 B K LINE KAWASAKI KISEN KAISHA. LTD.— MOTHER VSI STORE PKLG PNG STORE KOBE GUAYAQUIL CAI TBN VSI 4 Mar J Mar Mar I Mar 27 Mar 7 May ARICA IQUtQUE AFAGASTA S.ANTONIO VALPARAISO 15 May If May HMfIHfH TflßUlfflH SEA MOTHER VSI PKLG PNC STORE KOBE M'ZANILLO ACAPULCO PT.
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    • 541 22 AUSTRALIA EXPRESS CONTAINER SERVICE FCUFCL Faadar PKriani ESTECUPPER *12 14 Mar I Apr 11 Apr AM/Bra i Mil 3 Hit Add/Bra INDIA EXPRESS CONTAINER SERVICE AeeteMng FCL7FCL Containora Smmpcrt P Kaianf Panan| loading Mr PRADESM V.I2H t Mar Mn S OA. PRADESH V.J2H V. AMITAM V MM BMARATENDU V22M ESTECUPfER
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    • 372 22 GOLDEN LINE GUM GUM swn* (TIE) LTD 23. IM turn SM smurm mm la uum in üb> STRAITS/PERSIAN GULF SERVICE: rpn tMm* p set: CHINA OCEAN SHIPPING CO.. PEKING THE PEOPLE'S REPUBLIC OF CHINA GUAN QUAN SINPRM4Q SON. BHD. P. KLANC Tal: 03-3WWI. MHK-7 Tatu Hr MA Wli PCNAN6 Tat:
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    • 144 22 PJUMH WIT AM SMFPMC 'C PHILIIROtt SHIPPING ti-l V PHI 11 OR UNI lINFS p !f H! »r i( p s t fr si s *< tit MIDDLE EAST/FAR EAST FCL A LCI SERVICE ***** n. XV SOr j ■MMMW-vwm 7TT7 MUMXva.rv.T ir)V^Vy^t LUULLT ,V| tp j"" r AUSTRALIA UK/EUROPE
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  • Page 23 Advertisements
    • 645 23 \\NEPTUNE ORIENT LINES LTD Ml EAST/EUROPE RNIV CONTAINERISED SERVICE a S port NEPTUNE AGENCIES PTE. LTO. Fl EU/AUST TPA/SEA Ttl No Oftict Ttrminal CfS BOOKINGS VWOI 27H78 *****42 27W77 *****22 zmzsj zw« ON DIRECT LINES 1790U9 unit NEPLINE SON. BHD. XOBOO7 NEPLINE SON. BHD. *****33 NEPLINE SDN. BHD. UOBS/K7MO/W7UI/6CT4J NEPLINE
      645 words
    • 416 23 OONAM HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG.PENANG BUSAN INCHON 1 Vomit Ndm No I Donam/702N No 7 OooWTIBN No J Dorvam/7tBN No I Donam/703N No I Donam/TOJN No 7 Donam/7IBN No 9 Donam/TQJN SPiHM lUNIS HK lllf# AGf NCIIS Pll 111) Ifl .'/899/Z ?/BS4i4 ißooimfs
      416 words
    • 597 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 SSHARIKAT WAH SOON SON. MO. IST AND 2ND FLOOR. 1. JALAN CEMPENING. PORT KLANG. MALAYSIA
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    • 77 23 VtniMnirs Tl L/ivc JAPAN HOHCKOHC ST*A I T% Hongkong Singapore P.Klang Penang GISO MARU NO. I V.3OA Saitod ORIENTAL RUNNER V.liA 3/3 1/3 General turvey for MV Giso Maru No. I V.3OA will be Md on the 6th Mar at Gdn. K. 20 from 0900-1200 hrs. There will be no
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  • Page 24 Advertisements
    • 279 24 SINGAPORE SHIPPING CORPN.(PTE) LTD. TEL: 225-6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD VEB DEUTFRACHTSttREEDERFI ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE '"'TV I '"i **VIA LARHACA: Accepting cargo for Piraeus, Thessaloniki, Izmir, Istanbul, Mersin, Lattakia, Limassol, Beirut, Alexandria, Port Said, Iraqi, Iranian and other Middle-East destinations. 523
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  • Page 24 Miscellaneous
    • 171 24 m I Regional Weather V I r J3 M m £^V ■u. m m r as •^r IK SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND •</* Wind direction with speed in knots Wove height One holt fleche represents 5 knots R Thunderstorm Temperature c Sho er
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  • Page 25 Advertisements
    • 143 25 u TAYO INTERNATIONAL PTE ITD i 1 7J.,':i'J, 7 .*1 m win CALL US AT: jgayowwwwpcgg P KELANG 3M5753 PENANG J BAHRU 07-*****1, *****, *****5 P GUDANG 07-*****1, *****3. *****5, *****0 SINGAPORE 02-*****22 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE U ffrr^CTTS JUTUMOM LOADING FROM: GOTHENBURG, BREKRHAVEN, MAMURG, ROTTERDAM OTHER
      143 words
    • 414 25 Hai Sun Hup Co (Pte) Ltd l m i <fi. t in, TI < MS ::<» c >• 7 K \K I I\ I \< I STRAITS/JAPAN/STRAITS SERVICE SPECIALIST IN RO-RO HEAVY UFTS IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION m mm m muMi WALLENIUS LINES THE NO. 1 RO-RO
      414 words

  • Page 26 Advertisements
    • 57 26 awv&>. "K" Line a world of difference. High in the shipping world's ranking are the global services of "K" Line Around the world routes. Schedules tied to market needs. Our own terminals for smoother feeder and trans-shipment services. And the knowhow to make it all work so well that shippers
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    • 331 26 FARGO SHIPPING COMPANY (PTE)LTD REGULAR EXPRESS FUI i. CONTAINER AND ICL S^R^ICE INBOUND AGENT FOR ABC CONTAMERUNE SmM SaM 9/3 Ul/3 200 Cantonment Road «02-03 Sojthpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 INTEROCEAN LINE TEL: 718V734,******4 TLX NO MA S7W3
      331 words
    • 355 26 r im Mitsui OS K. Lines Ltd CONVENTIONAL/SEMI-CONTAINER i AFRICA'S ,NO 1 SEA PIONEER VOY. EAA2A CONTINENTAL PARTNER PWMERA PEAK VOY. SWA3OA SUBJECT INDUCEMENT FULL CONTAINER SEE MONDAY. WEDNESDAY. FRIDAY ADVERTISEMENT. 5 Mar Mombasa. Daressalam 15 Mar Mombasa. Daressalam 28 Mar Port Louis. Reunion ALTAI MARU VOY. WAB26A 13 MERCHANT
      355 words
    • 28 26 B U <»dJLUJJj ETA rre W M lUU, CALCUTTA W- m CMTTAaoaaCNNUM m MtAMTA, JAKARTA, I quo AQgnm; cawgmwML icl i PORTS, K, MX, TW AM OTnU PORTS)
      28 words