The Business Times, 25 March 1987

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 WEDNESDAY, MARCH 25. 1967 75 CENTS
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  • 183 1 THE SINGAPORE DOLLAR cloeed higher at SS2.1370/80 (12.1400/10) against the US dollar in the forex market yesterday. It ended weaker at SO.4840/78 ($3.4357/85) •gainst The local unit also fell against DM snd yen, but went up against M$ and HKS. USI. 148-55/65 yon, 1.8105/15 DM, $$2.1370/80 US$1.6185/95
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  • 598 1 HBSijQGXDffi I JHPtpOJMHZra'J THE GOVERNMENT has "mora or less" accepted the principle that for workers beyond the age of 56, the rste of contribution to the Central Provident Fund (CPF) should be lower than the rste for pre-retirement workers.
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  • 77 1 Bernama SIME DARBY BHD, the Malaysian multinational group, will build upon its existing strengths and continue with its policy of internal growth and expansion through acquisition, chairman Tun Tan Slew Sin said yeaterday. Addressing an investment conference organised by the DBS Bank, Tun Tan
    Bernama  -  77 words
  • 436 1  -  Offer of 15.5 m shares at $1.50 each TDAMC «Cl AMH By AMY CHEOK TRANS-ISLAND BUS SERVICES (Tibs) will issue its shsrs offer prospectus todsy, inviting ths public to subscribe to 15.5 million shares in the company at $1.50 each. Tibe will be the second
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  • 88 1 SINGAPORE'S women Yuppies are "clearly more emancipated" in their outlook than their male counterparts. Advertising ft Marketing on Page 7 considers the findings of a survey on Rado's "upmarket individuals" campaign. The partnership between DOB/Needham and Adrenalin, a Singapore agency, has raised a poser
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  • 508 1 Reuter THE US DOLLAR crashed to a record low against the yen yesterday as speculstors finally summoned up the courage to test the reeoive of major nations to hold the US currency steady. They found it lacking. Senior foreign-exchange dealers said that
    Reuter  -  508 words
  • 311 1 Private hospitals the bottom-line THE MISSION of private hoepitsls is to provide the latest medical expertise and technology with a touch of tender loving care. But as the private hospitals would testify, the bottom-line remains very business-liks. And over lunch or tee, administrators of major private hoepitals sxchangs views on
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  • 52 1 Reuter INDIA'S first intercontinentslrsnge satellite launch vehicle crashed yesterday into the Bay of Bengal two minutes after lift-off. The Press Trust of India said: "India's Augmented Satellite Launch Vehicle (ASLV) mission failed since it developed a snag within two minutes of lift-off from Sriharikota." Sriharikota is in south
    Reuter  -  52 words
  • 168 1 SHARE PRICES ctoeed generally eaaier yesterday. Attention was tocussd on bius chips UIC, NOL and National Iron. The Straits Times Industrial Index lost 3.33 points to 1,067.76 after dropping 7.66 points st midday. The BT Composite Index dropped 2.61 points to 935.77
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  • 98 1 Reuter A GOVERNMENT-APPOINTED apecial prosecutor yesterday ordered the filing of corruption charges against Philippine central bank governor Joee Fernandez, who said that he would contest the charges. Ombudsman Raul Gonzalez said that there was evidence to indicate that Mr Fernandez had misused his
    Reuter  -  98 words
  • Page 1 Advertisements
    • 131 1 Hi 0 HITACHI Why tie up your capital? Rent special equipment from Thorn. $900/- per day. Ideal for seminars, conferences, training classes. Also available 45" projection screen at $400/- daily. Multiple System Colour TV and Video Recorder For training and retail| promotions. From $260/per month per package Substantial reduction in
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    • 289 1 HIQMUQHTS of otfwr The other side of paradise THINK NEW ZEALAND and most people would point to the remarkable natural scenery, holiday amenities and a seemingly comfortable living. But underneath it all is a general air of decay, of seediness, of even Micawberish frugality forced by necessity. New Zealand has
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    • 251 1 T* FmN report, PiQt 13 Asian stocks, tags 11 Ml stocks, tags 10 Shipping Tlmoo com— m a aaparata aactlon today. Maka wurm you got your copy. THEIWOOOtRS&IYERAND ASSOCIATES CAMETO US FORAEVKEONMORE EFFECTIVE MANAGEMENT Mo provide an even more efficient standard Uof service to their clients, Coopers Lybrand Associates, one
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  • HOME NEWS
    • 380 2 3,000 workers expected to benefit in first year A NEWLY-ESTABLISHED training centra will focus its efforts on the upgrading of the skills of 40,000 rank and file workers in the electronics industry. In a speech inaugurating the Electronics Industrial Training Centre (ELITC).
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    • 530 2  -  By TONG SUIT CHEE NEW BATTLEGROUNDS away firom the city are being drawn up by hamburger giants McDonald's tod Burger King. Burger King is matching tldtonald's expansion plans Iter# and is doubling its advertising budget to fight for a bigger Mlket
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    • 264 2 ITALY'S largest industry grouping, Confindustrs, is hoping to usa Singapore springboard for i nternstional isation efforts by its member companiee. According to Dr Roeoiino Orlando, the head of an Italian trads mission, Singapore is an ideal location for ovsrssas offices of Itslisn companiee.
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    • 466 2  -  By GOH YEE LING ST MICHAEL is more than just underwear and negligee. That's what the new St Michael store at Centrepoint will be out to expose when It opens next month. Mr Alan French, the chief executive of Robinson and
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    • 368 2 NEW ZEALAND hopes to get across Ots mss«ags thst it has more to oAsr than just high intereat rates, magnificent scenery and agricultural exports. A New Zealand trade exhibition which ends today at the Hotsl Msridisn boasts s wide rsngs of products
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  • Page 2 Advertisements

  • YESTERDAY IN PARLIAMENT
    • 350 3 THE GOVERNMENT'S thinking on community development and servicee is that it should involve three parties working closely together the government, the people and community organisations. This philosophy was spelt out by the Minister for Community Development, Mr Wong Kan Seng, during
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    • 401 3 WHEN A GOVERNMENT gets a mandate to run the country, it has to do it in the best way possible, using all the resources available. The marshalling of resources Included using community centres (CCs) to put across government policies and objectives to the
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    • 313 3 A REVISION of labour laws with a view to promote part-time employment of married women and retirees is being looked into by the government Labour Minister Lee Yock Suan agreed with Mr Goh Chee Wee (Boon Lay) that the Employment
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    • 227 3 THE GOVERNMENT is standing firm on its move to extend the foreign worker levy scheme to all new work permit holders from next month. Labour Minister Lee Yock Suan said employers had to accept the government's long-term policy to deter employment of cheap
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    • IN BRIEF ...
      • 93 3 Singapore-based compa- nies had invested about US$200 million in China by the end of 1986, Brigadier-General (Res) Lee Hsien Loong said. The Trade and Industry Ministry said a survey of 50 companies revealed that the main difficulties of doing business in China were high costs, inadequate infrastructure, picking
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      • 59 3 of the Home Protec- tion Insurance scheme will now have to sign a declaration to say they are not suffering from a terminal illness, Labour Minister Lee Yock Suan announced. This is to prevent abuse of the scheme which so far has not required HDB or HUDC buyers
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      • 59 3 than women were still unemployed at the end of 1986, according to figures from the Labour Minister. The unemployment rate for men stood at 5.1 per cent; for women it was 3.8 per cent. The better employment position of women was due to recovery in the electronics
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      • 41 3 of government com- panies will not affect workers. Jobs would still be there when the government either sold shares of the companies, sold the companies, or farmed out some activities to the private sector, said Labour Minister Lee Yock Suan.
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      • 64 3 of 1986, Singapore's for- eign assets added up to $28.2 billion. The local assets included loans to two statutory boards totalling $19 billion. This was more than enough to cover the $29.3 billion deposited in the CPF, Mr Lee said in response to Mr Chiam See Tong's
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    • 89 3 THE APPOINTMENT of a vice-president or registrar to the Syariah Court is not the answer to clearing the backlog of cases at the court, said Dr Ahmad Mattar, the Minister in Charge of Muslim Affairs. Instead, the solution is to stem the number of couples
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    • 217 3 THERE ARE companies in Singapore that not only flout the principle of equal sacrifice by employers and workers in times of hardship, but are also openly anti-union. One such case was quoted in Parliament yesterday by Mr Lim Boon Heng, MP for Kebun
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    • 422 3 Most employers enlightened, says minister CURRENT LAWS provide adequate protection against companies that try to prevent unionisation of their workers. If employers were convicted for so doing, they could face imprisonment of up to 12 months or a fine of up to $2,000
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  • Page 3 Advertisements
    • 38 3 Land PRIME RESIDENTIAL LAND FOR SALE Location Tanglin Hill (District 10) (Walking distance to Orchard Road) Site Area 145,453 sq ft (Zoned for Bungalow) Tenure Freehold Please contact the Sole Agents, Richard Ellis (Pte) Ltd Richard Ellis 224-8181
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    • 119 3 Newark one-stop. SINGAPORE TOKYO New. The only flight to the Big Apple via Tokyo. From April 6th, United's new flight to Tokyo takes off at 8:10 am on Tuesdays, Thursdays and Saturdays. Then it's non-stop New York, arriving at 5:55 p.m the same day. It's another United service to the
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  • ASIA-PACIFIC
    • 467 4 UPI TRADE REPRESENTATIVES from the United States, Canada, Australia and New Zealand joined forces yesterday in pushing for progress in agricultural reform to resolve the world farm trade crisis. During the second day of closed door sessions at the General Agreement on
      UPI  -  467 words
    • 292 4 AFP VISITING World Bank President Barber Conable yesterday commended President Suharto's economic leadership but said the government needed to make continued adjustments and deregulate the economy to encourage growth. "We expect that there would be further adjustment of trade policies consistent with the
      AFP  -  292 words
    • 168 4 AFP THE JAPANESE ECONOMY started to show firmness as corporate earnings stopped declining in March in spite of the yen's sustained strength, the Economic Planning Agency (EPA) said yesterday. Analysing recent trends in the economy, the EPA said in a monthly report that industrial
      AFP  -  168 words
    • 238 4 Bernama MALAYSIA has to act fast to attract more Japanese investors as it is not the only country lobbying for Japanese investments. Mr Masami Ishii, president of the Japan-Malaysia Economic Association, said yesterday. He said at least 25 states from the
      Bernama  -  238 words
    • 572 4 ARRIVALS Operator Sarvica number Local Km* From SU SQ37 1330 MAN/AMS/DXB SFO/HNl/HKG SU SQ1 1330 SU SQ61 1335 BKK su S0109 1405 Km SU SQ238 1410 MES SU SQ455 1410 BWN GU GA895 1425 ams/fra/ qa/auh THAI TG440 1430 BKK/H0Y KLM KL8I3 1435 AMS/MCT/ KHI/KUL THAI TG413
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  • Page 4 Advertisements
    • 213 4 Thai's European Express 4 m w t ~*~r m it i i Hflb S.o)lllmf >** < 1 I ■H* 5-, 118 X taam ft ■r r^. —a iuw H***" 7 ft STOP We call it the European Express because we have cut over two and half hours, that's about 1,000
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    • 93 4 We're looking for a male account service person to join three females (the guys aren't lonely). Salary will be more than you're earning. Experience does not have to be in agencies. I am interested to talk to anyone with marketing experience who can contribute to our clients' business. I may
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    • 77 4 /II A"V J The business person's choice. 1 /I /l Y every Tuesdoy, Saturday and 1 \i I I Sunday. Leaving Changi Airport at 1 /i 1 \L 22:05 hours and arriving Bombay at 00:30 hours. Call your Travel Agent or Air Canoda at *****55. Effective thru 30 April 1987.
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  • REST OF THE WORLD
    • 475 5 FT A BUOYANT OUTLOOK has been predicted by the Confederation of British Industry, the employers' organisation, which said that member companies' order books were st their best levels for 10 years. The CBl's monthly industrial trends survey, based on replies from 1.685
      FT  -  475 words
    • 76 5 UPI A SENIOR US arms control official, Kenneth Adelman, is accusing a Soviet counterpart of trying to score propaganda points by charging that Washington does not really want a medium-range nuclear missile agreement Viktor Karpov, head of the Soviet Disarmament Directorate, said on Sunday
      UPI  -  76 words
    • 269 5 FT ECONOMIC GROWTH in France will remain sluggish next year, according to government forecasts, published on Monday, which provide the framework for preparatory work on the 1988 budget. The government foresees real OOP expanding next year at 2.3 per cent after a 2 per
      FT  -  269 words
    • 307 5  -  By MARTIN SOONG MILITARY INTERVENTION by the US in overseas conflicts is a necessity, not an option, according to an American academic. Dr Alvin Bernstein, chairman of the department of strategy at the US Naval War College, said recently that preserving the interests
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    • 432 5 UPI US LEADERSHIP is central to addressing international issues, the Trilateral Commission, a world policy-oriented discussion group representing North American, Japanese end Western European leaders, said on Monday. "The United States is the interlocutor with the Soviet Union on arms
      UPI  -  432 words
  • Page 5 Advertisements
    • 272 5 Ewas shown across d with Malaysian I lower-priced stocks more attention, in counter Sime Darmdex stock, ended two m at $L 52 after trading jas |1.57. Bg other index stocks, rose eight cents to $144 *w Par lost 10 cents to IPH 10 to 18.05, Cycle Be six to $1.86
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  • Page 5 Miscellaneous
    • 35 5 DoonesDury 7^l <* em v? I R m 1 ir iii 900P5HEPSUT1 I^IDOtiTUO* WHY PO YOU NOT SMPTHESON KNEEL NO6&- ANYMORE, MASANCBTORA. JESPf.\ THE&mOF ALLUfiE* m Si R HI//// 081 iTi r /fl BY GARRY TRUDEAU
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  • RAW MATERIALS
    • 228 6 AFP THE FIRST test shipment of coal produced in new fields opened up by foreign contractors in Kalimantan is on its way to an Indonesian power plant for a test burn, the company said Tuesday. Lewis P Connolly, of P T Arutmin, a joint venture
      AFP  -  228 words
    • 59 6 UPI RICE EXPORTS in March are expected to exceed 450,000 tonnes, far beyond the exports of February, the Thai Board of Trade reported. According to the report, 348,793 tonnes of rice have been exported in the first 22 days of this month, bringing the
      UPI  -  59 words
    • 66 6 Bangkok Broken Rice (US$/tonrw, FOB) A-l Sup«r A-l SfMdal 146 143 White Rice C-l Special C-1 Ord unq unq 100% 1st doss 258 Loonzain Rice 100% 2nd dots 228 100% 3rd doss 223 100% lit grod* unq 5% 10% 15% 213 208 203 100% 2nd grad* 222 100% 3rd
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    • 137 6 Chinese Produce Exchange Robutta 20/25% FOB NSW 360.00 SoJ Iocs' noon closing pricoi March 24 (SI/100 kg) Coconut oil i on Nutmeg 110 FOB NSW BWP FOB NSW 1447.00 1331.00 Bulk FOB Old drum FOB New drum FOB 8?? 888 Gambier FOB NSW 230.00 Copra Mixed (Ioom) 48
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    • 164 6 MALAYSIAN crude palm oil prices eased further yesterday to close at the day's lows on persistent selling and reserve of buyers, in sympathy with weaker palm oil futures and fall in Chicago soyoil futures. In the March position, south region eased Msls to M 5725 per tonne and
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    • 93 6 OIL PRODUCTS EAST ASIAN petroleum products were stable to weak in a quiet market. Fuel oil and naphtha fell on the back of weaker European markets, while kerosene also declined due to lack of firm buyers. Closing prices for crude (FOB origin) US$/barrel Change Dubai (May) 17.08 unch WTI, West
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    • 80 6 (cann/kg, 1 -ton poHan) APRIL 87 MAY 87 (currant month) (forward month) NOON NOON RAS Buycn S«Har$ Bwy*n Srftrt SSR 20 169.00 171.00N 169.00 171.00N SSR 50 168.00 169.00N 168.00 169.00N MRELB lvy*r> S*ll*r> Ivy art S«U«m SMR CV 247.00 249.00N 248.00 250.00N SMR L 246.00 248.00N
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    • 121 6 SOYBEAN FUTURES in Chicago closed quietly mixed on Monday, ranging from down 1/4 US cent per bushel in May to up one cent in new crop March. May settled at US$4.B7-3/4. Slow country movement and steady soymeal futures underpinned soybean values most of the day, traders said. However, slack
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    • 289 6 SINGAPORE The market closed firmer yesterday with April 1 RSS buyers quoted at 196.25 cents/kilo, up 2.25 cents from Monday. The morning session gained 1.25 cents on some buying of nearby positions in quiet trading with a reserve of sellers also aiding sentiment. Trading in the early afternoon session
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    • 171 6 WHEAT FUTURES in Chicago closed on or near Monday's tows, down 1-1/2 US cents per bushel in July to unchanged in thinly-traded distant May. Nearby May settled at US$2.Bl after being held to a narrow 2-1/2 cent range in quiet trade. An export house bought new crop July late,
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    • 115 6 THE PRICE OF TIN on the Kuala Lumpur tin market closed unchanged yesterday at Monday's M 516.70 per kilo alter having traded quietly on continued lack of support, dealers eaid. Buyers bid 95 tonnes at the initial level of M 516.70 but sellers were willing to offer only
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    • 287 6 RAS prices ms< wntaJkfl, FOB In M* B NOON CLOSE Bwyors Sellers Bwyort Sellers lot 1 RSS Prompt 197.00 198.00N 197.75 198.75N Int 1 RSS April 87 195J0 196 JO 196.25 197.25 Int 1 RSS May 192-50 193.00 193.25 193.75 bit 2 RSS Of 180 JO 182
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    • 980 6 COFFEE Robusta coffee futures on Monday were unchanged to £12 a tonne easier at the end of the most quiet day for some time, dealers said. Traders continued to wait for an announcement on Brazil's export sales policy and in the absence of any other significant news, the
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  • Page 6 Advertisements
    • 233 6 w TO CUTOUT THE CEASELESS BABBLE OF EVERYDAY LIFE. SIMPLY SHUT THE DOOR. J-—r **.r i i «r s w V ;> Sagß- J \vs&SShb v > v vv. HHI J :«KiMWri: J -'....?..-->iga f w 1;-:* llrVi Once the door of the new Nissan Laurel is firmly closed, all
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  • ADVERTISING & MARKETING
    • 478 7  -  By MONICA GWEE IN THE SEARCH to find the quickest way to cut losses in Singapore. USbased DDB/Needham has teamed up with a newly formed Singapore agency, Adrenalin Advertising Pte Ltd, after weighing its options with two other agencies and a third suitor which
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    • 626 7 TOO WORDY, too gauzy, and too much show but no idea, that was roughly what the international panel of judges at this year's Creative Circle Awards held last Friday did not like about some of the entries they saw. The panel of four
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    • 529 7 SINGAPORE women yuppies have scored highly with Jurg Ritter. Ritter, 27. president of Rado Far East, the Swiss watch company, said findings from a recent survey conducted for Rado showed that Singapore's women yuppies were "clearly much more liberal and emancipated than the
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  • Page 7 Advertisements
    • 112 7 Air Mauritius. The only to Mauritius-now with 747 comfort. V j *1 J, 11. > Iv? \> 1 y Starting 4th April 1987, our new 747 SP service departs Singapore at ll.oopm every Saturday and flies non-stop to the non-stop fun of Mauritius. And from Mauritius you have a choice
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  • FEATURES
    • 478 8 COOPERATION must be one of the best ways of getting things done in a heterogenous society like Singapore. This may seem obvious. Yet it took a leadership change in the Chinese Chamber of Commerce and Industry for this to be recognised and translated into action. The recent initiative
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    • 1582 8  -  By JAMES MELLON, MD of Thornton Management (Asia), In Hongkong FOR A TINY NATION of only just over three million people, New Zealand has been making a lot of headlines recently. The refusal of the country to allow American nuclear-powered or
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  • Page 8 Advertisements
    • 97 8 66'', f'/xZ-U-* W§m@t<L ■<>Z}glW/4MOmgW Y& Jk s*v. The Oc£ way.. The other way U ■flnriniian < Sfs s f -i Wi&s highly professional service and customer care organisation* Oc4 has been a market leader in copying fo office and industry for more than sixty yea and has a permanent presence
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    • 0 8 }"*?~*+!/~)/=&)^|.\=_""^;>$"^-.
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  • Page 8 Miscellaneous
    • 650 8 CRYPTIC PUZZLE ACROSS 1 Take off what footballers have on (5) 6 Outwardly the finest animal (5) 9 He's free to embrace the cleaning lady (7) 10 Slang used by a chap out of turn (5) 11 House sans refrigerator (5) 12 Wash right, in a way (5) 13 River
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  • SPORTS
    • 235 9 AP IN THE FIRST UPSET of Belgium's U*****,000 Indoor Tennis championship on Monday, Israeli Amos Mansdorf ousted last year's finalist Broderick Dyke of Australia 6-3, 6-3. Mansdorf, however, ranks 37th in the world. Dyke 66th. Other qualifiers for the second round were fifth seed
      AP  -  235 words
    • 462 9  -  By JEFFREY TSANG MOTOR ACE William Lyou walked away on Monday night with what is popularly regarded as the premier motor sport trophy, the Castrol Yokohama Tour de Singapour Rallye. Lyou, a manager at Nissan distributor Tan Chong Sons Motor and a seasoned
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    • 261 9 UPI ENGLAND soccer manager Bobby Robson retained defender Tony Adams in his 22strong squad named on Monday for the April 1 European Championship Group 4 qualifying match against Northern Ireland at Belfast. The 20-year-old Arsenal player made his international debut in
      UPI  -  261 words
    • 149 9 AP A SOCCER research centre designed to help eliminate fan violence and other problems that plague the game in England, opened for business on Monday. Called the Centre for Football Research, it was launched by grant-giving soccer charity, The Football Trust, and is
      AP  -  149 words
    • 853 9  -  After a year which taw the Singapore Women's Open, Grasscourt Open, and the rights secured for U5525,000 and US$lO,OOO men's tournaments, a change in tennis leadership was unexpected. Dr Ong Leong Boon stepped down and Dr Desmond Oon took over. WALTON MORAIS
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  • Page 9 Advertisements
    • 131 9 THE SPICE OF usiirm IN SINGAPORE Y. Delightful hot and spicy cuisine to tempt your palate. A bright, cheerful atmosphere for conversation. Beautiful hand-painted Chinese screens to re-create the elegance of a past era. Open Noon 2.30pm and 6.30pm 11pm. Closed on Tuesdays. Other restaurants and lounges include: flmli n
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  • Page 9 Miscellaneous
    • 1266 9 worn mm I THE TRIUMPH OF THE WEST Th« East Is R«d 9pm, Channel 12 This week John Roberts examines the history of China's contact with Western civilization and the revolutionary movement that eventually led to the Communist takeover in 1949. Are the people of China ruled under the ideology
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  • INTERNATIONAL STOCKS
    • 298 10 Reuter INTERNATIONAL Business Machines Corp, hit by s two-year earnings slump, should begin a comeback by the end of 1967 and post strong growth in 1968, analyst Rick Martin of Sanford C Bernstein Co Inc said. '.'There will be increasing momentum in earnings,
      Reuter  -  298 words
    • 226 10 FT WICKES, the building supplies and DIY retailer, ie to change hands for £120 million in Britain's second largest management-led buy-out Seven Wickes executives, the company's US parent and a consortium of 13 institutions are participating in the transaction. Wickes International, itself a subsidiary
      FT  -  226 words
    • 383 10 Reuter PRICES CLOSED HIGHER in active trading on the New York Stock Exchange on Monday. The Dow Jones Industrial Average rose 30.26 to 2363.78, a record. The NYSE Index rose 1.46 to 170.83, a record. Advances led declines 876 to 697. The average
      Reuter  -  383 words
    • 166 10 MAM 33 C» Inco 21% lat liH rTyV rIM 49% AbWM 41% undi |y Ind 3fS 3 Alcan Alum .SI K#rr Addtoon 34% AJgo«n« 8H 15* 1 LoMaw Co 14* Bank Nova BeoMa 2014 McMN BM Bank 01 Montreal 36% Motion A. Zan V% BaN Canada 43* uneh Moon
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    • 177 10 n RANO •TRIALS 1900 529 9000 -66 unch -26 unch 9 19 M s uneh uneh unch -60 unch 79 200 C Q SmMh CNA. 3879 340 Can QoM..— Cona March... ***** MOB ♦29 Currta Rnanca 740 Da Baara.— 19 -60 -6 60 •60 MVolk 237 7 M MImHHIIIIIIUI
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    • 566 10 Mean AJumtn 36% Alooa. 44% ANag Ml 34% AMtad 8tg. 43% -*-1% AHI> Chatmor» 2% uncft Am Bran* Inc.... Am Can Co Am CywiviM Am EJac Pm. Am Eawi, 40% 51% 17% 29% 79% unch Am Horn* Pt ad... 90% 4% ir% 32* -ft un ♦I eft 2%
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    • 555 10 i Amsterdam MAR a A8N SIS 00 11J ■06 AlOfffl at to Ahold 112 00 Mn 144.40 143.00 41 AMEV Amro Bank. Am Mad 03.10 00 20 127 SO -0.7 1.2 twW B0L8 20.00 156.30 M0 ftaroda. 40.70 -0.2 05 -U undt Caiva 760 Bwtir 294 80 +6.3
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    • 62 10 Reuter FRANCE'S Societe Generate bank, which will be sold to the private sector later this year, poeted higher profits for last year. Societe Generate, one of the three largest slateowned banking groupa, said on Monday that its parent company profit for 1968 totalled 800 million francs, up 212
      Reuter  -  62 words
  • Page 10 Advertisements
    • 345 10 aa<i ciuciuuu Hong Kong Dian Xin on Saturdays, Sundays and public holidays r\ Come as early as 11 am to enjoy 27 selections of fine Dian Xin delicacies, prepared by chefs from Hong Kong, using only fresh, quality ingredients. At the Pheasant Room (2nd f100r)... where Dian Xin has never
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    • 50 10 <>{<'.<^&;=]".]\|@_,)%\:{*_*(`: \frriety. With Quality Our famous Nonya Buffet Lunch and sumptuous Buffet Dinner are great value for your money Only 14++ per adult and $B++ per child for a delightful meal Or select your favourite dishes from our a la carte menu. 405 Havelock Road Singapore 0316 Tel 733 2081/88
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  • ASIAN STOCKS
    • 392 11 HONGKONG: Share prices closed firmer in fairly active trading yesterday as overseas and local investors continued their buying, brokers said. But they said investors were mainly interested in selected blue chips and certain speculative second liners, and light profit taking should continue in the near term. The Hang Seng
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    • 226 11 MAR 24 All Sincere Indus.... NT 3.18 -0.01 Kuochan Day Laa Chang Yuan .31 50 33 70 0.4 •0 1 Asia Cement 36 80 22.80 -0 1 Cathay Cons 45 60 -0.2 Nan Ya Ptas 38 00 Chang Hwa Bank 71 00 0.5 31 90 -♦-0.1 Chang Loong 34
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    • 430 11 TOKYO The market index fell sharply yesterday as the yen's rise against the dollar and indications that the market was overbought made investors cautious, brokers said. The market average fell 152.95 to 21,435.30 but had risen to 21,675.41 in morning trade. On Monday it fell 69.42. Declines led advances
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    • 81 11 MAR 24 PUM Miratxl 0.000 Oriantal B Phil Ovaraaaa 0.027 0 030 0.001 Anglo Phil Phi lax B 039 Apax Mining B 0 06 0.006 PtcopB 2.5 unch Atlaa Con. B Bagulo Gold 20.50 unch San Migual B 118 Basic Patrol aum Banguat Con. B 0.012 97 unch unch
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    • 369 11 SYDNEY: Heavy support for gold stocks and a late rally among blue chip industrials sent Australian share markets to their fourth consecutive record close in active trading yesterday, brokers said. Strong gains in international bullion prices, which began in New York overnight, continued on the Sydney and Hongkong markets,
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    • 141 11 Mor 24 Qnfl 5ugof— Wan iinn -43 KA1 Kong won MUA Malar 14<1 ***** 1880 209 -290 55 DQtln Ind— -32 Katan M__ 4280 200 Boa woo Coq Doowoo HM Do*#* Sacur Dang Mi n» k 1075 ry 1473 Mai 3900 i«on 70 73 -90 •410 Kecao Long-T. Lucky
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    • 156 11 Reuter BANGKOK: The stock exchange of Thailand Index went up 0.91 to 226.75 on a turnover of 1,764,851 shares worth 274.1 million baht. The Book Club Index went up 0.84 to 203.92. Reuter MAR M BANT Ao Kham Thai 178 Ayudhya Inn—Ilium 278 Bangkok Aground 75 Bangkok Bank 2B1
      Reuter  -  156 words
    • 68 11 AFP TOSHIBA CORP, a leading Japanese semiconductor maker, on Monday announced the opening of an LSI (large-scale integrated circuit) design centre in Hongkong to meet growing demands for specific LSl's. Hongkong is the largest market for semiconductors in South-east Asia. Located at Toshiba Electronics Asia Ltd,
      AFP  -  68 words
    • 308 11 Reuter JAPAN has launched a last-ditch effort to salvage its computer mi-cro-chip accord with the US sending a letter to top American policy makers setting out its case and instructing its producers to cut output further. "We must make our utmost effort
      Reuter  -  308 words
    • 174 11 AFP FOREIGN BUYERS of San Miguel Corporation (SMC) must prove that they have no connection with deposed president Ferdinand Marcos or his close associates. the Business Day newspaper said in Manila yesterday. Ramon Diaz disclosed the condition in an interview after
      AFP  -  174 words
    • 156 11 AP NIPPON STEEL CORP. the world's largest steel maker, said yesterday that it would join Inland Steel Industries of the US in a US$l5O million joint venture in Indiana for the production of cold rolled steel sheet products. The Japanese firm
      AP  -  156 words
  • Page 11 Advertisements
    • 612 11 re to wiae, fllae aafl eatertela as 17 Start of A New Experience Kinta-Mani Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood, Gado Cado. Sate (Satay). spicy Rendangs. Ayam Goreng. Chendol and more! Tickling your palate with an authentic Indonesian cuisine is only half the experience. The other half
      612 words
    • 247 11 Plan Your TRAM,rvK i Escape to Paradise with Trader Vic's Trader Vic's Castaway Card gives you 'V the chance to win two air j tickets to Hawaii plus five f" days accommodation at The New Otani Kaimana »4j Beach Hotel /ytfJL To qualify for the lucky A(U draw collect your
      247 words

  • BANKING AND FINANCE
    • 348 12 Reuter TAIWAN's foreign exchange reserves, at a new high of US$53 billion, are proving a headache, government officials said yesterday. The reserves, up from the previous record of US$5l billion on March 4, are more than double the US$26 billion of late March 1986,
      Reuter  -  348 words
    • 446 12 UPI US BANKERS have declined comment on a report that they had accepted a Philippine proposal to exchange some debt for notes, sticking to their contention that an agreement is not necessarily imminent. Philippine negotiators led by Finance Minister Jaime Ongpin and the bank
      UPI  -  446 words
    • 214 12 Reuter SWISS BANKERS have announced a series of measures aimed at preventing abuses of the country's tight banking secrecy laws as part of a revision of a 10-year-old voluntary code of conduct. The measures follow renewed controversy over the limits of Swiss secrecy,
      Reuter  -  214 words
    • 143 12 AP CHINA will soon take out its first loan, for US$l5O million, from the Asian Development Bank, state-run newspapers reported yesterday. The China Investment Bank would also sign in April China's largest loan agreement with the World Bank, for US$3OO million, the economic
      AP  -  143 words
    • 294 12 UPI THE ANNOUNCEMENT on Feb 20 by President Jose Sarney that his country could no longer meet interest payments on its US$lO6 billion foreign debt has turned out to be a blessing in disguise for cashstrapped neighbours who suddenly found themselves awash in
      UPI  -  294 words
    • 223 12 Interbank rates at 3pm yesterday: M Ohr do* km to on* unit o1 4 foreign currency i US dolor 2.1370 2.1380 2J196 -24.21 Stifcig p« wnd 3.4640 ***** 7.3469 -52.85 AlllUllBI dolor 1.4820 1.4837 3.4286 -5678 HZ doNar 1.2031 1.2058 3^4286 -64.91 Canodtan dolor 1.6369 1.6389 X4206 -5X15
      223 words
    • 1558 12 SINGAPORE: The US dollar closed sharply lower against the yen yesterday in spite of repeated Bank of Japan intervention in Tokyo, after an active and nervous session, dealers said. Dealers estimated the Bank of Japan bought between US$l.O billion and US$l.5 billion in Tokyo yesterday, but the buying
      1,558 words
    • 108 12 THE OVERNIGHT rate on the Singapore interbank market roee by 1/8 point from Monday to end at one per cent yeeterday. The term rates gained 1/16 point across the board yesterday. S$ Interbank rales at 7pm yesterday: Offer Md Ow1 3/4 1 -monrti 3 3/14 3 1/1« 2-martk
      108 words
    • 177 12 prime tending rates ei 12 mater banks la 6lagapero lnt< Mrtoar ik market ra tat (olfar/bld) on March 24 us$ DM SWFC Yen 7 7 3/1* i/i* io i/4 i/a 4 1/1* 3 IS/1* 13 1/4 13 S S/1* 3/1* 1 a* 7/1* IS/1* IS/1* 4 1/1*
      177 words
    • 581 12 JUNE Earodotler opened sharply lower at 03.44 and was traded off to 03.41 under heavy selling pressure which was aggravated by the sharp fall of the dollar againet the yen. Technically. the breakdown from a bear flag formation signalled further loeaee were likely. The downside objective is st 03.34.
      581 words
    • 230 12 HONGKONG: Gold closed slightly higher in active trading yesterday, after the New York rally on improved sentiment due to the weakness of the dollar. The metal ended at U*****.20/70 an ounce compared with New York's US$4O9/80/U*****.30 close and the USS4O6.«VBO finish here on Monday. On the local market
      230 words
    • 253 12 Asian market ASIAN DOLLAR daposit ratas yesterday cloeed little changed from opening levels. after a day of light trading, dealers said. Among short-datea, overnight cloeed 1/16 point higher at 6-3/16 6-1/16 par cent reflecting higher US Fed funds rata. Weak-Axed ended at a technical high of 7-1/6 7 par cant
      253 words
  • Page 12 Advertisements

  • SHARE INFORMATION
    • 4315 13 BLUE CHIPS held steady yesterday although the underlying market was soft, again repeating the pattern set on Monday. The Straits Times Industrial Index lost 3.33 points to 1,057.76 and the BT Composite Index dropped 2.61 points to 935.77. Though the indices went up,
      4,315 words
    • 245 13 SINGAPORE Rises im jlCM Maitfi 23 MM 24 U 1 C 414 32 •T CampadM t3UI *3X77 FIN 1040 30 ■TOO/OS -234 -33* Not Ma S10 3* ITCMD •*300 ■*3*3 Spar* Land *90 20 •T 0*V 404*43 4M324 Owtdi toby MO 10 10*10* 1037.7* I «M la
      245 words
    • 3817 13 BID 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 unlees otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      3,817 words
    • 207 13 GENERAL SECURITIES Investments Limited: 12th AGM in the Function Room of The Development Bank of Singapore Ltd, 45th Storey, DBS Building. 6 Shenton Way. Singapore 0106, on Friday. March 27. at 11am. VAN DER HORST Limited: 13th AGM at 11 Pandan Crescent, Singapore 0512, on Monday. March 30.
      207 words

  • COMPANY NEWS
    • 628 14  -  Industry leaner and more cost-efficient, says Sembawang chief By HOMER CHEN SINGAPORE has again become the most competitive shiprepair centre in the world, matched perhaps only by South Korea, which suffers a geographical disadvantage. This point was made by Mr C N Watson, the
      628 words
    • 679 14 MBT GENTING's proposed special dividend in the form of Genting International Ltd (GIL) shares was unanimously approved at the company's extraordinary general meeting on Monday, r Some shareholders, however, Expressed reservations about «the company's "generosity". These shareholders felt that Genting was merely killing two birds
      MBT  -  679 words
    • 532 14 LACKLUSTRE CONDITIONS prevailed on the Kuala Lumpur stock market yesterday and share prices weakened marginally •cross the board. Some Singapore-based stocks, however, bucked the trend and continued to attract buying support. UIC, which proposed a one-for-two bonus, surged M 51.40 to $4.90 while
      532 words
    • 110 14 HONGKONG Hongkong Index Tuesday 1818.24 Monday 1806.07 Week ogo 1685 31 All Industrials Tuesday 2578.6 Monday 2574.5 Week ogo 2561 9 NEW YORK Hang Song Index Tuesday 2828.07 Monday *****0 Week ogo 2629 28 Dow Jones Monday *****8* Friday 2333 52 Week ago 2248 44 TOKYO Nikkei Average
      110 words
    • 240 14 Managers' priest MARA-Bumiputra for March 25 First B'putro 595 600 Second B'putro 509 5.14* Singapore Unit Trust Third B'putro 419 4 24 The Co—if 1 02 The Savings Fund 0 89 S'por* Frog Fund 0.41 1 10 ••r 045 Fourth B'putro FiHfc B'putro Sulfc B'putro Seventh B'putro (A)
      240 words
    • 313 14  -  By ELAINE KOH EMPORIUM HOLDINGS'! latest suitor, publicly-listed Motel Properties, has decided to scrap its preliminary agreement to invest in the troubled retail chain. Hotel Properties, the owner of Hilton International Singapore, had signed the agreement early this month to acquire the group,
      313 words
    • 248 14 MBT KUALA LUMPUR INDUSTRIES has given several reasons for the shortfall in its profit forecast for the year ended Oct 31, 1066. KLl's preliminary results announced on March 13 show a group pre-tax profit of M 5324,000 for 1966, while the forecast
      MBT  -  248 words
    • 517 14 Reuter SWIRE PACIFIC LTD is likely to show a mors than 20 psr cent riss in 1986 opsrsting profits when it rsports its results today, reflecting gains in its aviation and property businesses, according to share analysts. Analysts polled by Reuters
      Reuter  -  517 words
    • 2498 14 BID and otter prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Acno *****1 *pnnmnln Hffll "nay Aioi HUg I —l
      2,498 words
    • 779 15  -  By AMY CHEOK THE JACK CHIA group, which recently withdrew from the Asl billion South Yarra development m Australia, intende to restructure Ha UK intereeta with a view to seeking a listing on the stock market in the UK. BT understsnds
      779 words
    • 483 15  -  By ALVM TAY HONQKONQBANK shareholders whose registered addressee ere in Singapore. Malaysia, the US or Canada will not be allotted their shares of the bank's HKS3.3 billion rights issue because of certain corporate laws in theee countries. But the Hongkong-based bank has
      483 words
    • 611 15  -  Group set to gain $24m from Hongkong deal By ELAINE KOH YEO HIAP SENQ Ltd (YHSL) made a dramatic improvement in it* parformanca last yaar, recording a sharp 380.8 par cant riae in group pre-tax profits to $11.97 million compared
      611 words
    • 183 15 Bernama ES SHELL REFINING CO (FOM) Bhd haa reported a 24.8 per cent fall in operating pre-tax profit to M 562.02 million for calender 1886 from M 882.56 million the previous year. Turnover at M 51.056.56 million was down 41.6 per cent from M 51.812.46
      Bernama ES  -  183 words
    • LATEST RESULTS
      • 68 15 Group pre-tax profit of M 812.66 million in 1886 ($12.83 million previoualy) on turnover of $68.87 million ($43.62 million). The group expects to achieve bettor reeults this year with the expected improvement in the economy and higher productivity in the manufacturing division. A first snd final tax-exempt
        68 words
      • 46 15 Group pre-tax profit of M 510.58 million in 1886 ($10.65 million previoualy) on turnover of $178.35 million ($175.52 million). A first snd final dividend of 10 per cent less tax will be paid on Aug 26 to shareholders registered on July 31.
        46 words
      • 42 15 Group pre-tax profit of M 520.19 million in 1866 ($25.28 million previously) on turnover of $158.32 million ($183.13 million). A finsl dividend of 6 per cent will be paid on June 26 to shareholders registered on June 3.
        42 words
      • 69 15 Group pre-tax profit of M 55.56 million in 1866 ($11.33 million previously) on turnover of $48.58 million ($42.06 million). The Shangri-La Inn, Pe: nang, is not expected to contrite ute to group profit this year. X first and final dividend of 2 pW cent
        69 words
      • 45 15 Qroup pre-tax profit of M$1.09 million in 1906 ($3.47 million previously) on turnover of $7.8 million ($8.15 million). A fP nal dividend of 6 cents loss ta* will bs paid on Juno 25 to share* holders registered on June 5.
        45 words
    • 553 15 MBT SYARIKAT Permodalan Kebangsaan (SPK), whose original investment of Ms3o million in Perwira Habib Bank had been wiped out by losses suffered by the bank, cannot afford to pump another $100 million into it, chairman Datuk Abdullah Ahmad said yesterday. Explaining
      MBT  -  553 words
    • 95 15 IN REPLY to a stock ehang* query, Far East Livingston Shipbuilding said its bonus issue would be capitalised from the share premium reserves. The directors do not expect the profit level to be lower than in 1966. They aleo do not expect sny change in the dividend to
      95 words
    • 796 15 Reuter SHARE PRICES yesterday extended Monday's gains to record levels in reaction to a bullish survey on UK manufacturing by the Confederation of British Industry and after another record performance on Wall Street, dealers said. An early batch of good annual figures from large companies also pushed the
      Reuter  -  796 words
    • 64 15 Company RIGHTS ISSUE Parkway Hldgs PmMc offer of $40 ■lei low *todi wMh TSI SkonkoWifi oft MfMid to $46.47 mMor a* feua hi *0 ratio of two koa* docb wit* TSI at $1 par for aafy ftvi o* dbwy Aant Wd. Ex dot* Mar 19 loota done Ma
      64 words
    • 55 15 Company •ONUS ISSUE Ajinomoto (Wfor-lM Aysr Hrtom Tin Ow-for-oiw Botu Kowan Om-fortwo fhs 0»lw four and Mb-dhritf on of $1 por Mo 2 thorm of SO c» irtt «oeh G E Lite Ow-ior-lM N S T Ow-for-four s r r Ow-for-hM Tuon Sing O— far-tw U 1 c
      55 words
  • Page 14 Advertisements

  • Page 15 Advertisements
    • 38 15 w DEBENHAM TEWSON CITY VALUERS PTE LTD DETACHED WAREH'SE BLDG Wanted by MULTINATIONAL CLIENTS Location: Town/Ang Mo Kio/Pandan/ MacPherson Areas Tenure: 30/60/90 Yrs or Freehold Built-in: 50,000 80,000 sq.ft Land Area: 80,000 -150,000 sq.ft. Owner/Agent please call: *****84
      38 words
    • 92 15 SHANGRI-LA INTERNATIONAL SHANGRI LA EXECUTIVE ACCOMMODAT lON PLAN BANGKOK lil l)l\C. Kl ALA I I MIH R Single or twin accommodation at the same special rate Daily breakfast Late check-out 4pm No pre-payment required Optional limousine transfer available Shangri-La Hotel, Bangkok SSISI Shangri-La Hotel, Beijing SS2SO Shangri-La Hotel, Kuala Lumpur
      92 words

  • 424 16 Self-reliance to be encouraged Bernama THE MALAYSIAN government will no longer encourage the direct provision of assistance to bumiputra entrepreneurs ss part of moves to get them to strive more on their own, Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday.
    Bernama  -  424 words
  • 388 16 Bernama MALAYSIAN Deputy Prim* Minister Ghafar Baba said yesterday that the New Economic Policy needed to be continued after 1090. with weaknesses in the policy's structure rectified and taking into consideration challenges during the period. The NEP must be continued
    Bernama  -  388 words
  • 124 16 Bernama UNITED Malays National Organisation prssident Datuk Seri Dr Mahathir Mohamad said yesterday he was confident that the party leadership would not victimise any party member aligned to anyone in the campaigns tor the limno Supreme Council elections next month. "I believe that if
    Bernama  -  124 words
  • 260 16 Bernama MALAYSIA will seek a clarification on a recent statement by Singapore Trade and Induatry Minister Brigadier-General (Rea) Lee Hsien Loong on the Republic's defence policy, Malayan Foreign Minister Datuk Raia Yatim aaid yesterday. He said that the Singapore government would receive
    Bernama  -  260 words
  • 151 16 IN RESPONSE TO a recent call by the government, the Singapore National Employers Federation has formed a working group to look into how companies can be more sympathetic towards women workers. A statement yesterday by vice-president Stephen Lee, on behalf of SNEF, said
    151 words
  • 87 16 AFP A WOMAN who was fired by Coca-Cola over her love affair with a man employed by arch-rt-val Pepsi-Cols has been compensated by her former employers in sn out-of-court setllew>e»il nemem. Mrs Amanda Conklin, then Miss Bisks, fell in love with David Conklin, who left Coca-Cola
    AFP  -  87 words
  • 151 16 AVIMO SINGAPORE, now sssking s listing on the msin board of the Singapore stock exchange, will opjsn its new fsctory on April 1. Avimo ssys Mr George Younger, UK's Secretary of State for Defence, who is making sn offidsl visit to the Far East, will
    151 words
  • 68 16 AP AN OPINION poll has found that South Korean salaried man consider "close intimacy" with people of high rank the most important factor for success. "Close friendship with high-ranking people" waa put at the top of the list by 43.5 per cent of the 500 employees of
    AP  -  68 words
  • 299 16 OPTIMISM that the Malaysian economy is picking up after two years of severe recession in the eighties was sxpressed yesterday by a Malaysian government official. Tan Sri Dstuk Zain Azraai, secretary-general of the Malaysian Finance Ministry, said that commodity prices had begun to pick up
    299 words
  • 298 16 THE REALIGNMENT of the major currencies has changed the relative returns on investment of investor countries and their shares of total investment commitments in Singapore. According to DBS Investment Research, the European Community's share of total commitments is likely to
    298 words
  • 132 16 Reuter FORMER US Preeident Jimmy Carter arrived in Jordan from Syria yeeterday after urging flexibility by all sides to promote an international Middle Eaat peece conference. "As long aa ths parties stay flexible and listen to the contrary views, the hope for a conference
    Reuter  -  132 words
  • 65 16 Reuter WALL STREET stocks were mixed in active trading early yeaterday. Blue chips, which soared on Monday in a somewhat lopsided market, again moved higher. The broader market, however, was mostly lower. The Dow Jones Industrial Average, which gained 30 points on Monday, tacked on three to
    Reuter  -  65 words
  • LATE FILE
    • 37 16 UPI BUYERS boostod orders for durable goods by 6 per cent in Februery on the strength of purchases of traneportation equipment, electrical machinery and primary metals, toe US Commerce Department said yestorday.
      UPI  -  37 words
    • 40 16 Bernama THE MALAYSIAN Chinese Association is likely to announce on Friday Bs position on the Qopeng parliamentary seat, held by former party president Tan Koon Bwan, MCA deputy president Oetufr Lee Kim Sal said yeeterday.
      Bernama  -  40 words
    • 67 16 Reuter TWO FORMER Brunai bank officials facing criminal braach of trust chargaa involving $730 million wars raIsassd on bail yssterday. Tha poiica said that rststtvas of Singaporaana Chan Ping Fang, a for mar dirador of tha now-oaruncx National oanK Of Brunai. and Chiau Sung
      Reuter  -  67 words
    • 54 16 UPI OUSTED Philippine ruler Far. dinand Marcos denied aa "preposterous" a suggestion by President Corazon Aquino that soldiers loyal to him might have bombed the Philippine Military Academy, killing four paople. "I have always advised our sympathisers never to reeort to lence," Mr Marcos was
      UPI  -  54 words
    • 25 16 UPI FORMER US Secretary of Stats Alexander Haig ysatsrday announced that he was a Republican candidate for ftreaiHsnf I IKM rrWlOmu. Urn
      UPI  -  25 words
  • Page 16 Advertisements
    • 79 16 Itis too good tobe true, there must be a tateh'somewhere... J O Yes, and the "catch* is from the oceans streams. There are salmons, squids, prawns, lobsters, clams, scallops, halibut... all fresh and expertly prepared by the chef for lunch and dinner. At the Baron's Table. The usual a la
      79 words
    • 38 16 _|?[@:?^@/)';<+)@\!-,}){[$&~)[= Now that John Henry by Manhattan hascreated Fuji si Ik shirts in fashionable pin stripes, good dressing should come easy to the corporate man. Available in various colours at all fine department stores and selected retail outlets. -AAonhononl
      38 words
  • Page 16 Miscellaneous

  • SHIPPING TIMES
    • 517 17  -  By KINGSLEY WOOD THE STRAITS-AUSTRALIA trade is expected to repeat last year's good performance. Mr Brian Wright Nedlloyd's regional sales manager and current chairman of the Anro Australia management committee, said the trade is expected to expand by 8
      517 words
    • 304 17 STATESHIPS, the Western Australian-owned line, is looking at the feasibility of mounting a regular liner aervico to the Indoneaian ports of Surabaya, Jakarta and Panjang with a poaaible extension to Singapore. Weetern Auatralian Transport Miniater Mr Gavan Troy told the 7th National Traneport
      304 words
    • 158 17 FROM NEXT MONTH, the Port of Singapore Authority will leave fumigation service* within the port premises in private hands. The service has been provided by the port since 1976 as an integral part of its comprehensive port operations. It is handled by
      158 words
    • PORTSIDES
      • 87 17 AFP GREEK PORTS were at a standstill on Monday because of a 48-hour strike by some 9.000 dockers,and some 10.000 crew on ships serving domestic routes in protest against the government's refusal to meet their demands, the strikers' EMDL-OLP ■unions said. The dockers were demanding retirement
        AFP  -  87 words
      • 71 17 Reuter JAPAN LINE, the heavily-indebted tanker operator, haa formed a wholly-owned subsidiary to manage part of its assets and debts, a Japanese company spokesman said. The new company, Green Investment and capitaliaed at 200 million yen, will take over six container ships, three bulk carriers and
        Reuter  -  71 words
    • 971 18 Freight rates lor grain soared In the London-baaed world market last week. Dealers on the Baltic International Freight Futures Exchange said the rise In prices was due to the Soviet Union's interest In chartering more ships. While the Chernobyl disaster had a
      Reuter  -  971 words
    • 184 18 Reuter THE UNITED STATES has offered warships to escort Kuwaiti oil tankers in the Gulf past Iranian mieeile batteries. according to US Defence Department officials. The officials said that the offer was made last week by Admiral WHliam Crowe, chairman of the Pentagon Joint
      Reuter  -  184 words
    • 1030 18 ABShpg V 5 ABC Container VNI 1 Accord Shpg VI 3 *i "-I It Wlrtmlp lintf X 1 Africa Oceon a 4 Al (trans V* 3 AC ToMw X 5 Aiwo Service IV 2/3 Arrow Line* IX 5 Arias line X 3 AMI i 1/2 APC line
      1,030 words
    • 1070 18 BUSINESS on the London freights market on Monday remained under the dominance of the time-charter sector where trans-Atlantic round voyages were still a bountiful source of employment for bulk carriers offering European delivery. Voyage fixing proved relatively thin but sustained firmness was demonstrsled by the Beioceen's achievement of
      1,070 words
    • 180 19 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Qulf, 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
      180 words
    • 178 19 Reuter SOME NEW ZEALAND ports are closed and others are being disrupted for varying periods as a result of industrial action by the Harbour Workers Union (HWU). Union secretary Ross Wilson said industrial action over pay claims has been
      Reuter  -  178 words
    • 498 19 LLOYD'S REGISTER remains committed to establishing and applying proper safety standards in spite of strong commercial pressures, says its chairman Roderick MacLeod. In a statement released yesterday together with its annual report, Mr MacLeod pointed out that the pace of technical advance
      498 words
    • 918 19 AFP SPRINGTIME enthusiasm gave a sharp boost to rates paid to grain vessels available on a spot basis in the North Atlantic, with some receipts reaching their highest since 1964 during the past week on the freight market. The tone was underpinned by active Soviet demand of late
      AFP  -  918 words
    • 174 19 MR P L Kua. executive chairman of Singapore Shipping Corporation, was elected chairman of Germanischer Lloyd's Asean committee yesterday. The members also chose Mr G Foedisch as secretary of the* committee. The formation of the Hong-, kong committee last year and
      174 words
    • 3138 24 '4AMHUB >£v*r Ouard. Cvergreen. March 29 'tontourg Trtot. March 29 Arthur Meerek. ft4Mfik Line, Merch 29. KHano Mam. Trtot. March 77(PtQ. '3to Ha. China Ocean Bhpg. March 29 'S Parma*. ScanOulcht. March JO !fv«r Qolng. Crorgroon. AprM 1. Ming Energy. Vang Ming Una.
      3,138 words
    • 870 24 AT CONVENTIONAL WHARVES MARMA WHARVES VnmI KEPPEL WHARVES AM*soni Alt Prosperity Dong Dflima Eng Tow 89 G Saioton-7 Jinf*ng Kota lotno Koto S«jaH Krasica 1 Myrt-Co Strain V*ntur* Yoihi IM Aconcagua Boifllor MHo Eost*rn Glory lucky Stor Berth KI9 KI5 K27 K2I K32 K29 Ol K35 K30
      870 words
  • Page 17 Advertisements
    • 427 17 JeanM.toiei Mammoth Hunters «l«anM.AiMl H CORONET BOOKS o OipuOwgm Qmtaitm UM NORTH AMf RtCft ATI ANTIC F PRESS ROUND THF WORLD ROUTING OUI 200 CatoMMt tod #12-05 Td 221 81l TELEX NO K MM TEMMNAL/CFS TM *****11 220 BOOKINGS Tat *****34 235 PORT KELAM TEL: *****1 Tplpi No. MA3M77 PENAIK
      427 words
    • 64 17 mm HIGHER BUNKER fuel costs and recent Soviet timecharter octivfty have combined to more than double world grain freight rates from last summer's depressed levels. Pag* II LLOYD'S REGISTER remains committed to establishing and applying proper safety standards despite strong commercial pressures. P«g« 111 index to (advertisers II Shipping schedules
      64 words
    • 240 17 ut what is the she has paid? Available at at good bookahopa n* MAERSK LINE TO JAPAN next sailing "LAURA MAERSK" •td 7.4.87 TIM «Mk MM M O CY 30/3 1800 MRt CFS aM 2300 MRS si/a n 7M M. MM M. MM II MM M TMi Mk MM M
      240 words

  • Page 18 Advertisements
    • 290 18 OU T BOUND TO NORTH CONTINENT COMPAGNIE MARITIME D AFFRETEMENT REGULAR CONTAINER SERVICE FAR LAST TO MEDITERRANEAN AND EUROPE ALSO ARABIAN GULF AND INDIAN SUB CONTINENT Oli 1 BOUND TO MEDITERRANEAN a OuTBOUND TO ARABIAN GULF AND INDIAN SUB CONTiNEN! INBOUND FROM N CONTINENT, MEDITERRANEAN/ARABIAN GULF I HT 1.T1I" "I
      290 words
    • 194 18 4 1 uiaaa. ML pr C" The Super System s Supcrcarricr S-nicr n *j JVFI.T 7TT us ,r. U[ '.iimit VUKLmm CONTAINER SERVICE n 'V „oo«*/an spec/afe*/ ETA aprj n® 1 17' If Tv- I 11 M' I ls\ Durga's Container India Lines Ltd. WESTBOUND TO EUROPE EASTBOUND FROM EUROPE
      194 words

  • Page 19 Advertisements
    • 528 19 &M The Straits Steamship Group Mansfield Container Shipping Pte Ltd STRAITS SHAPING Singapore to Ssbeh, Smwik, Brunt! Ports and Bangkok m CONTMNERSHP SERVICE TO UK/CONTWENT: mP&O Containers Limited Hi ITtof >Vnarim UNi an an an m an vn m w* an j* an an w an an aj» an an
      528 words
    • 501 19 C SAV c-.iSi.dAr sSDIRICT SERVICK TO/FROM CHILI aoMn rmi wrra vcml nk mhca m unmmr imumnw vi ■>— m 11# m m m mum «i mh m m «i an MM MM |py ATACMM V W V W V CARGO FOR PUNTA ARENAS, TALCAHUANO (SAN VICENTE) ACCEPTED WITH T/S VIA
      501 words
    • 196 19 Franco Belgian Services (MEMBER OF ACE CONSORHUM, CHARGEURS REUNIS f. li/JLLii^ii>:' in P.Mm| riM VmHm Bmm TrMi VWm U Apr U Apr M Apr »Apr I Apr 4 Apr Apr a Apr tt Apr »Apr NEV OASIS I Apr Q Apr 17 Apr Star l£r 7Sy OCX PIONEER Apr a
      196 words

  • Page 20 Advertisements
    • 366 20 CC;»TAINERSHIP SERVICE TO UK/CONTINENT r*mn( irtM irwi inw m—tA'wm» uw— Npif.n b>w. HQ w W* VH* 11* Up kmm* in am am w vn oh an a* Lfoav m «m am am am am i/s Star «t MM wt m* Kmp m 13/4 14/4 4/S l/S l/S K 11/S •mm
      366 words
    • 819 20 *Ju*' JCSLINE i*ui sm*hk caapaa* r«a» FULLY CONTAINERISED SE R VICE [TO FUROPt VIA SUEZ A Mfmhff ot thf cf ConsoiUxn KOREAN JACt)IN 3BR ORIENT At CHIEF S3* KOREAN CHANCE SW CHINA CONTAINER 91 ■ERCATOR OH S'por* f lUting l«Hw 1/4 (KV3) 20/4 1/4 (M) 27* I*4 (13/4) 4/5 22/4
      819 words
    • 331 20 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: •f ATROUZ 2 ITC-003 27/3 *4 I TC. HANI LOADING FOR Rott/Antw/ UK (Newport) UN RottyAntw/ UK (Noaport) SINGAPORE CALICO SHIPPING PTE LTD Tot aSM Tb: RS Bill CALICO FAX: IMSZH PORT KELANG PERKAPALAN UTAMA SON BHO Tat: Mum KOTA
      331 words
    • 866 20 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVU GUIDE V/t 9fi 9/3 2j* UH 1/5 V 5 VJ iifi 17/5 HQ EVU LMM 2/4 1/4 W m vs m W Uii m w Mis W UNI-PROM)TKM/EVU LEVEL *4 12/4 14/4 llfi I*l IM 17/5 evm glory m« m an
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  • Page 21 Advertisements
    • 599 21 x PACIFIC INTERNATIONAL LINES VW\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE RED SEA/EAST AND WEST AFRICA SERVICE KARACHI/M.E. GULF SERVICE SERVICE CHINA BANGKOK SERVICE INDONESIA SERVICE MALAYSIA SHIPPING CORPN SDN. BHD. FULL
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    • 413 21 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT ISA. Ml W» EXPRESS CONTAINER SERVICE FROM UK/CONTINENT a* MX UN m a va aa M 7R M 11* Mp< mm dm W Bf W at* nx mm iu* m nan ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS
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    • 333 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDEM INDONESIA P.T. TRIKORA LLOYD M i JI i 5 rmmmm w 52 r* i r C: V m. DJAKARTA LLOYD INDONFSIAN NATIONAL LINT X ».< X-v-f, a.A'i •J; M > *1 Agents Telephone *****2? Singapore U.A
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    • 217 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR m (Burmese National Line) Loading for Rangoon S'pora P.Kaianf Ptnang I BBS z BANK UNE msmmjam swat nm null IVYtANK vim ap xn is TOANA NIUQNI V3N SjS TAUSALA SAMOA VM a? 27S KMAYBANK V3N Itt •laa 1 I'i/.'ii'K./f1 1 TAfiAHA VIS Span 3*3
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  • Page 22 Advertisements
    • 1161 22 in. \®."K'line KAWASAKI KISEN KAISHA. LTD. USA CANADA OTIMmCCIttT .(Round Tlm Work) Swvlm) N. GARNET V7/N. JADE V 6 0. FAIR V 2 tW. BRIDGE V4/RAINBOW BRIDGE VI C.R. TOKYO VK/N. GARNET VI SPORE 27 Iter 3 Apr 10 Apr 14 Apr LB II Apr 2S Apr 2 May 9
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    • 465 22 •m AUSTRALIA EXPRESS CONTAINER SERVICE mUIM FCLffCt mi *■5 fm 11Mb Frw» Sj*i Mm Amp SX INDIA EXPRESS CONTAINER SERVICE Rctirtm FCUKL CmWMn PRADESH MM \EB," ARUN. PRAOESM MM alar iSw jMwjj»jM|(ftMM|»Ctw| CHANOtDAS VJM Mr KARIRDAS VJM MSr SSum ESTECUPPER VJJ 22 Av akm Ml ri «"l 11 rn u
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    • 605 22 GOLDEN LINE GUM) GUAM SWTMG (TIE) lID 21. I*M krm Sfcwt vynii iim ia utnn <i« uhbi STRAITS/PERSIAN GULF SERVICE: pm OOLOEN WONDER Cotamtn/KwidM/DiiiiM/OMmMi 28/Z7 Mar OOLOEN KAR Cotanbo/K*r»d*4/Outi»i/W» 4/5 Apr CHINA OCEAN SHIPPING CO.. PEKING THE PEOPLE S REPUBLIC OF CHINA AeMptkii F& Cargi ta hM «Nk tronaMpnant at
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    • 258 22 PHIIITRON SHIPPING fiGfHCIfS Plf LID PHIII ORIFNI I IMS Plf I If Hf iM; *«i is Sr t l Hi Hi! l >N tI'JP EAST/FAR EAST Fa LCL SERVICE NATION XV3 S3 >'iH Hi'.* ?> qf TR EAST/WEST AFRICA/MED r mT r\. TZTjT^T. r n tti TT AUSTRALIA UK/EUROPE LOUIS/SOUTH
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  • Page 23 Advertisements
    • 746 23 NEPTUNE ORIENT LINES LTD NCPTUNE AfiENCIES PTL LTD. tmm cn man mua NEPUNE SON. BHO. WM nepline son. wo. mm NEPLINE SON. BHO. IWRIOIIOR NEPLINE SON. BHD. OOOfOOII FEEU/AUST TP A/SEA 2TOUI 2TOUS Z7MUI I7W« \U TO EUROPE/UK (VIA SUEZ): CM PARIS IN+ KJACEJINON, itamctaa. ONCFON K CHANCE SIN e
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    • 349 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG PENANG. BUSAN, INCHON S PORE AOf NTS NEPTUNE AGtNCiES PTE ITD Ttl 77»1i: :715U4 E***** 221X12 (Operation!) 2222*v:mn* (T.rrr njl) mm/0 *****04 (CFS) MALAYSIA AGENTS TUNAS St TIA SDN BHD M Tel rum, rtev,! PC Tel *>BSiM JM0420 fcdUfct
      349 words
    • 579 23 SNSOV 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 PEMANG M/S HANDLING SYSTEM CO SON. BHD. TTM HAI THONG SHIPPING 127 Pwmm Strut Pimm
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    • 77 23 Vf/ ;/.s//#/v Hi Hangkoni Sinppara P.Klani Fmn| mm) KAMI VIA MM MM YQSMIUM VJ2A MM W HELIOS 2 VIA MM 2M DEL REMEDtOS VHA H/3 lf4 Gonoral survay for NV Wppo Ham VIA will ha Mi on 27tti March V at Ma K» fraa WW UW hrt. Thart will la
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  • Page 24 Advertisements
    • 357 24 SINGAPORE SHIPPING CORPN.(PTE] LTD. TEL: 225-6868 (38 LINES) TELEX: RS 293)8 A/B SSCMA, RS ***** A/B SSCAD VLB DEUTE RACHT SEEREEDERM ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE u i I f I- •"VIA LARNACA: Accepting cargo for Piraeus, Thessaloniki, Izmir, Istanbul, Mersin, Lattakia, LimassoJ, Beirut, Alexandria, Port Said, Iraqi, Iranian and
      357 words
    • 27 24 WEEKLY FUII CONTAINER SERVICE BETWEEN MIQAPOftE/JAKARTA VESSEL VOY SINGAPORE JAKARTA RATU KONSORTHJM 076 31.3J7 Z487 RATU KONSORTIUM 077 7.4.87 9487 bookings into Samudera *****81 Eka Jaya *****22
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    • 312 24 P. T. WASESA LINE WEEKLY SERVICE TO MKMTA 100 HVVA SNPPM6 (PTE) LTD. U. 4CS CKMFOD LMC. #«2 t4 TEL 7******, 2*3147 TELEX B JM7S JOOMM TWICE WEEKLY SERVICE TO La/Fa CARGO ACCEPTABLE AT COMPETITIVE RATES. FOR BOOKINGS CALLTEL 225-6200 TLX: RS ***** FAX: 225-3748 MENS HORNS MIPPHIS PTE LTI
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    • 119 24 tiai Sun //up Co (Pte) IJ€I STRAITS/JAPAN/STRAITS SERVICE SPECIALIST IN RO-RO 4 HEAVY LIFTS NOIE:MSOCUiM6 OTHER JMWMESE PORIS, HOMOHMfi, nmm t CHMot nam, suuccr woucaßiT IMLintermaritim SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION ATLANTIC STAR fTT ID W W W dH mHi t Lm4m t P. INn. j—tiw—iwctnqm O pa WALLENIUS
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  • Page 24 Miscellaneous
    • 121 24 Regional Weather n \VI s a <ar •V w V i I, i R ThtMmtorm T*mporoh« Shower W«ath*r Wmd dractwn wdti ipMd n knot* Ran \J Cloudy Sky Wov W* ky mmm My wM, tfc* —4 0 OwU crd* 'ipnumt calm or h*w and «anabt* <md> i_» On* half fl*ch*
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  • Page 25 Advertisements
    • 356 25 SI International Freight Forwarders S*v» #ns! fc Ui«Lo ACCEPTING FCULCL NON 6 KONG NAMUROJROTTEROAM COPENHAGEN SYDNEY 4 WJOURNE fremantle FELIXSTOWE us finonn ETD SINGAPORE *****7, 01J0U7 ffn*f7 nf<»f7 *****7, *****7 *****7, *****7 *****7, 31j03J7 *****7 ftO*! 7 *****7 25.0317, 02.0417 20(017, *****7 *****7, *****7 071X17 *****7, *****7 COM JO *****7,
      356 words
    • 119 25 (Pwrfwt CMm OcMn Shipping Liim) CHINA SERVICES Destinations: Eld. STORE Etd. PKL6 SHANTOU, GUANGZHOU w HUANGPU, XIAMEN WEEKLY HAKOU, ZHANJIANG aiii iyno XMGANG. QMGDAO OAILINOO SHANGHAI t OTHER PORTS f L WORLDWIDE SERVICES ACCEPTING CONVENTIONAL, CONSOLIDATION (LCI) ANO FCL CARGOES WEEKLY FROM SINGAPORE, PORT KELANC AND PENANG TO: r T"
      119 words
    • 295 25 CNC LINES Ji.JH CONTINENTAL FEEDERS PTE LTP Tel *****51 Term rai *****1 6 BENORIENT LINES LTD mm. NOSTRA SHIPPING PTE. LTD. TEL *****39 '*****40 Z7/S 17/1 CO SHIPPING AGENCIES PTE tTD L^tJJ iri rrr^T TT i^Emra BATAM I DUMAI PEKAN BARU REGULAR SERVICE VCMCL ETA OMTOUW 9M PALEM6ANQ JAVA *1/3
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    • 181 25 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON REGULAR LINER SERVICE FROM TAIWAN TO SINGAPORE AND W. MALAYSIA BULK CARGO FROM SOUTH-EAST-ASIA TO TAIWAN, HONGKONG AND THAILAND. ABLE TO LIFT REEFER OTHERS CONTAINERS AGENT: OCEAN I NFL MARINE CORP. PTE LTD *****1 (5 LINESV33M649 (Drat)
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    • 95 25 FARGO SHIPPING COMPANY! PTE I LTD PE GUI Aft EXPRESS FLU CONTAINS AND ICL c VICE MBOUNO AQBfT FOR ABC COMT rr-ii-t-ii. I—'i1—'i rrgi "tilsil ii] 11 L HUM |SmM 2V3 ETA SINGAPORE DESTINATION O 2WJ, 2/4 *>. i* aANimm Fa.LO.Mtf K* 200 Cantonment Road ~02-03 Sojthpomt Singapore 0208 Tel.
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  • Page 26 Advertisements
    • 463 26 l3j ACCCmNO PCL. LCL CONVCNTIONAL Ml DOLE EAST SERVICE u OUBAJ, BAHRAIN. MUSCAT, DONA, DM ft KUWAIT, AM DNAM HONGKONG/CHINA SERVICE i im jam*, beuing, tiaiuui snekou 14. 0/4 SHANGHAI, GUAM62NQU, WMMPOA 2*3, *4,12/4 BANGKOK m 2M AUSTRALIA SJi, 1/4, MN ADELAIDE, ACROSS WATER ACCEPTING FCL LCL AUSTRALIA FREMANTLE USA/CANADA
      463 words
    • 359 26 NEAP SENS TRADING A SNIPftM PTE LTB 9001 BCACM NOAD |IMI QOLOCN NU TOWER TIL NO. 2****** (3 UNO) TLX NO. NS mm WAKO i'ji;l/.1 I;;il'iXi;•}4:<if.i: J ,-i M S MM AM MM n am 11/12 AM unar/i am 7/1 Alt MU AM n/n AM r jt r-?r PHUKET AGENT:
      359 words
    • 404 26 L\P C.Y. LINE (A Member Of The ACE Consortium) FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) ■3® m on t.<: IN 1 STBHIIS CONTAIN* AGINCKS PU lIP SI lAT AN AGfNC* CO SON BHT I*> HOI CHIANG ROAD 4?A lAI AN CHUNGGAM SAW OHO BUN WtaG »0<)01 Off lAt AN
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    • 536 26 Everett Lines j COMPANIA PERUANA DE VAPOREES (C.P.V.) "PERUVIAN STATE LINE" HOfiHEVWCTT V» Apr UKtt Apr "EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE LOADING FOR HONGKONG*, YOKOHAMA, KOBE. NAGOYA, MOJr AND OTHER JAPAN PORTS* ALSO ACCEPTING CAMOCS TO PUSAN* ■ANOLOCVatCTT 40 Apr 11/ M Apr vi m* LOADING FON CtKTTAOMK.
      536 words
    • 108 26 —I 1 111 'Til *1 i ml A I T,TTT TT IKJBDOBt vn un m m m 1111! I |d' lu3^»4T«!!ifci GOLD STAR LINE r* *n*'jl'jiy—'»p mi «T« n* Mote Nom Tail *****66 Mfc* ******1/2 LU, .jjji-.ir. ■T.TI BREAKBULK TIMBER SERVICES TO EUROPE >■ mr i. i REGULAR LINER SERVICE
      108 words