The Business Times, 31 March 1987

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, MARCH 31, 1987 75 CENTS
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  • 200 1 Oversea! markets HK Hang Song indox 2774.88 (-23.86 Tokyo Nldcoi Avorago *****.57 (-550.45) Sydnoy AN-Ordinarlos 1711J 20.6) Friday Now York (Dow Jonos) 2335.80 (-36^9) London (FT 30 Indox) 1620.6 5.7) 1603.2 (noon, Monday SJmex DM (JunoK)_5574 62) £uro-$ (Juno) 93.31 (-16 Yon (Juno) 0.*****9 (+101) Pound (Jun)
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  • 209 1 THE SINGAPORE stock market eased across the board yesterday. This time, the blue chips unlike in the past week were not spared. The Straits Times Industrial Index eased 6.62 points to 1,073.42 and the BT Composite Index dropped 6.45 points
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  • 112 1 Reuter INDONESIA'S currency, devalued by 31 per cent against the dollar last September, has slipped further against the West German mark and the Japanese yen but is holding steady against the dollar. Figures from the centrsl bank, Bank Indonesia, show thst the rupiah has fallen
    Reuter  -  112 words
  • 410 1  -  By LIM SOON NEO THE WATERFRONT opposite the Haw Par Villa is to be developed into s tourist sttrsction, and sntrepreneurs in the privste sector are being asked to suggest suitable ideas. The Singapore Tourist Promotion Board (STPB) yesterdsy invited proposals for what
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  • 598 1  - Engineers those who command a premium and those who don't Some mismatches of supply and demand becoming evident By FOO CHOY PENG, ChM Reporter THE SHORTAGE of experienced electrical and electronic engineers is again being felt as the manufacturing sector continues its rise out of the recession. Personnel managers contacted
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  • 309 1 BT will launch a revised Raw Materials Page tomorrow. It will now be called the Commodities Page, reflecting the investment interest of many in the commodities market today. The palm oil statistics have been extensively revised, and now include quotes
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  • 82 1 AFP THAILAND has told Jspan that it < is worried by the plans of some Japanese privets companies to < trade and invest in Vietnsm, sc- I cording to Thai Deputy Foreign i Minister Prspass Limpsbandhu < in Bangkok yesterdsy. Mr Prspass told a
    AFP  -  82 words
  • 443 1  -  By SOH TIANG KENG, Financial Correspondent SIX FOREIGN BANKS have arranged a $50 million dual-cur-rency revolving underwriting facility (RUF) for a leading Singapore printing company, Tien Wah Preaa. The managing banks are Continental Illinois Capital Markets Group (the lead manager), Deutsche Bank
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  • Page 1 Advertisements
    • 104 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Full Report, Pag* 15 Asian Stocks, Pogo 13 w A brief case for meeting at Plaza Hotel. Flexible. Our Seminar Package covers any size or type of business meeting. Well-equipped. We ll help arm you with the latest audio/visual aids. Convenient We are centrally
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    • 283 1 A free-trade Asean? A FREE-TRADE association, such as the one adopted by six European countries, has the dual advantage of allowing members to adopt a form of economic integration that is both free-trading and protectionists, says a professor of economics. Is there a lesson in this for Asean? Find out
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    • 203 1 ion THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM HIGHTECH WITH HIGH TOUCH As lh( world grows mors technical, so the work tnwonmnl nut bsoonw mora humane, mon pleasmg to tn senses. Wt o question of balance. Vitro** answer is "Figura", a whoky new land of office chair, designed by Mono Beßim. "Figura*
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  • Page 2 Advertisements
    • 336 2 Good ideas keep coming up Actual size 29.5 x 28x8 cm r ■n m r 5 .r; !i=i 'H •i? i Bill c 5 H r' r Hi •''H r^=. >SB -c:; iv •TH n U t S# r T JL B" h M m &k n:. r WJS ->•
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  • HOME NEWS
    • 303 3  -  ■y ANNA TEO THE AMERICAN Hospital of Singapore has completed a 16 million madical centre extension. Another $5 million sxpansion project to put up a new wing with 100 bada ia being explored, pending the availability of land. Tha 24-unit madical cantra, opaning on
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    • 210 3 THE BATCH of Ngee Ann Polytechnic studants haadad for ovaraaaa vacation training recaivad an aarty aand-off yesterday. Local rapraaantativaa of tha companiaa offaring tha piacemanta, and ambaaay officials were at tha inauguration of tha first ovaraaaa attachment programma for studants. A total of
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    • 201 3 THE NINTH ASIAN Automotive Accessorise Exhibition (AAAE), to be held at the World Trade Centre from April 29 till May 2, is expected to feature products of mors than 100 companies from Australia, Canada. Denmark, India, Italy, Japan, the Netherlands, Taiwan, the UK
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    • 77 3 IN OUR Company Briefs column on March 27, we wrongly reported that DBS Bank had acquired 18,000 sharea in Inaurance Corporation of Singapore. The purchaae of the aaid aharea waa in fact done by DBS Nomineea on behalf of an aaaociate company of DBS Bank. DBS Bank
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    • 387 3  -  By SOH TIANG KENG Financial Correspondent THANKS TO HOME BUYERS, finance companies managed to ravarsa a 12-month daclina in tha valua of loans axtandad. Total landing by financa companias roaa by $29 million to $4.77 billion in January thia yaar, according to tha
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    • 357 3 SNOOP AROUND City Hall and chances ara you will ba arrested. But soma people would soon ba doing just that, without tear of arrest With the help of special equipment, they even hope to uncover some "state secrets" in the procees. The
      357 words
    • 136 3 MEDICAL ELECTRONICS is one area where engineer* and medical specialists could work together in research and development. To promote the tie-up between the two professions, the Science Council and the National University of Singapore faculty of medicine are organising a seminar on "Developmental Activities in Medical
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    • 478 4  -  Initial, Exclusive expect 10pc rise in contract business By WILLIAM CHIA THE TWO LARGEST cleaning companies in Singapore have decided to merge their operations starting tomorrow, with the aim of capturing a larger slice of Singapore's $120 million contract cleaning market. The two companies,
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    • 404 4 THE PLAN allowing Singaporeans and permanent residents to top up voluntarily their parents' or their own retirement accounts with the Central Provident Fund will come into effect tomorrow. Singaporeans can top up their parents' accounts either with transfers from their own CPF savings or with
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    • 124 4 THREE related chemical industry exhibitions will be held at the World Trade Centre in May ChemAsiaB7, lnstrumentAsiaB7 and AnaLabAsiaB7. On show at the exhibitions from May 13 to 16 will be some of the latest chemical technology. The biennial exhibitions are organised by Singapore Exhibition Services. A
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    • 408 4  -  By CHARLES SAVAGE A FREER HAND given to local management has paid off for Methode Electronics, an American manufacturer of electrical and electronic connectors. Instead of incurring loeses in the first two years, as the Chica-go-based headquarters had expected, the Singapore subsidiary
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    • 397 4  -  By LIM SOON NEO THE SPACE-STARVED airfreight industry can look forward to additional cargo space to be provided by two airlines starting next month. All-cargo carrier Cargolux will be dedicating a Boeing freighter with 100 tonnes capacity to Singapore while Korean Air
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    • 391 4 AREAS of mutual interest between Singapore and the UK, including the sale of defence equipment and training facilities in Britain, will be discussed during the three-day visit of the UK Secretary of State for Defence. The Five-Power Defence Arrangement (FPDA), in
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    • 174 4 A SIX-MEMBER TEAM from the People's Construction Bank of China (PCBC) leavee Singapore tomorrow after a week's familiarisation visit During their visit the members met officials of the Monetary Authority of Singapore, Trade Development Board, Singapore International Monetary Exchange. Stock Exchange
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    • 307 4 THE EROSION of American and European manufacturing by the Japaneee has lessons for Singapore, according to Mr William Wheeler 111, an American expert in advanced manufacturing techniques. "if Singapore manufacturers do not improve their production capability and reduce costs, many multinationals at prasent
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    • 204 4 A DELEGATION of 15 Danish businessmen, currently on a trade mission around Asean, will be in Singapore from April 1 to 5 to promote technological and economic cooperation. They will be conducting the Danish Business Workshop with their local counterparts at the Hyatt Hotel
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  • Page 3 Advertisements
    • 164 3 A Business Class air-ticket to Europe will cost you Blue and Emmenthal cheese; cold Hickory smoked beef about 840,000, give or take the odd baht The Asian airlines charge about that; the Europeans and the Americans charge about that; even going vfcjfogi fly-by-nights won't lessen the amount by a great
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  • Page 4 Advertisements
    • 57 4 HMN w mk f\ J 1J 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 AIR VWr'rc
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    • 132 4 Keep yourself constantly informed of the latest developments in Japan's Steel industry by regulariy subscribing to ejopon JAPAN STEEL JOURNAL, the one and only English daily journal in Japan, supplies quick, accurate and authentic news on principal events in Japan's iron and steel industry. It also closely follows daily price
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  • ASIA-PACIFIC
    • 532 5 Reuter INDIA is searching for non-com-munist countertrade partners to help it cut its trade deficit and conserve foreign exchange. Wheat, tobacco, tea. coffee, jute, engineering and electronic goods, as well as minerals including iron ore. are all on offer in return for
      Reuter  -  532 words
    • 320 5 Reuter PAPUA NEW GUINEA'S 1.7 million voters will go to the polls in June in ths third general election since independence from Australia in ig7s. Crime, a fragile rural economy and a share-trading scandal are expected to dominate the campaign, political analysts say.
      Reuter  -  320 words
    • 182 5 AP NEPALESE Minister for Tourism Ramesh Nath Pandey, opening a meeting of two regional tourism commissions yesterday, called tor greater cooperation among nations to preserve the world's natural and man-made heritage. "I feel that there is a need for governments of our two regions
      AP  -  182 words
    • 269 5 AP NORTH KOREA agreed for the first time yesterday to a South Korean proposal to hold a summit between the premiers of the two countries, and called for the two sides to convene a Cabinetlevel meeting next month to prepare for the summit. North Korean
      AP  -  269 words
    • 255 5 AFP PHILIPPINE Trade and Industry Secretary Jose Conception has urged Australia to ease import restrictions on Filipino goods. Mr Conception, who is on a visit to Australia aimed at improving and promoting trading links between the two countries, said in Sydney that he
      AFP  -  255 words
    • 244 5 Reuter THE EMIRATES Industrial Bank has predicted a modest economic recovery in the Quit Arab states following higher oil revenue. A bank study, carried by the Emirates news agency WAM, said total oil revenues of the six Gulf Cooperation Council (GCC) countries were likely
      Reuter  -  244 words
    • 59 5 AFP THE AUSTRALIAN population has passed the 16 million mark. The Australian Bureau of Statistics reported last Friday the estimated population broke through the 16 million barrier in August last year and was now estimated to be 16,028,400. It had taken four years and 10 months to go
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    • 181 5 AFP PHILIPPINE Defence Secretary Rafael lleto yesterday told soldiers to stop dabbling in politics and uphold professional standards in order to play their role effectively in society. "Professionalism must take precedence over politicalisation," he told air force officers and men at a
      AFP  -  181 words
    • 595 5 Reuter AN AMERICAN COMPANY building luxury yachts in China for export trained six mechanics in the US then saw them transferred by their Chinese partners to a state-run shipyard next door. Godfrey Yim, manager of Celestial Yacht Ltd, tells this story and others such
      Reuter  -  595 words
    • 404 5 AFP TAIWAN would fail to attain its projected 8-per-cent growth rate this year if the value of the Taiwanese dollar hits 34 against the US dollar, according to a government report yesterday. In an analysis submitted to Premier Yu Kuo-Hwa, the Directorate General
      AFP  -  404 words
    • 381 5 Bernama MALAYSIAN Deputy Prime Minister Qhafar Babe said yesterday the government need not borrow to pay the salariea of civil servants because the economy is sturdy and improving. He expressed regret that there were some people who blamed Prime Miniater
      Bernama  -  381 words
  • Page 5 Advertisements
    • 96 5 Commercial FOR SALE By tender on 2 April 1987. Dunn House Cecil Street, Singapore. •This fine 1979 built detached 16 storey '■office building is situated close to the Raffles Place Financial District. 999 year leasehold rrotal Net Floor Area: 47,068 square feet ItSite Area 8,564 square feet ;Tenancies 72 percent
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    • 97 5 I||| JL THE CRICKETER SPORTING SPECIAL The Cricketer 1 nglish Puh is now ol ferinti a sporting luncheon special of whole Roasted Sirloin ot Bee! on the Wation, with Salad. ountix Bread. heese Board, and Fresh Fruits lor SI4 12 noon to 2 pin. 1 he Cricketer also leatures I)ra11
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  • REST OF THE WORLD
    • 506 6 Reuter THE PROSPECTS for a settlement of a trade dispute between the US and Japan have brightened after a top US official predicted that the two nations would soon settle their differences. Similarly, the Japanese government said on Sunday that it was moving to
      Reuter  -  506 words
    • 512 6 Reuter THE US Federal Reserve Board will hold off on any further easing of credit as prospects for economic growth in the US without further stimulation look good, private economists say. The Federal Open Market Committee. the policy-making arm of the
      Reuter  -  512 words
    • 382 6 NYT NEW ORDERS for American-made machine tools slipped 1.1 per cent in February from the improved level of January, according to a report released on Sunday by the National Machine Tool Builders Association. Trade association officials said that the pace of new
      NYT  -  382 words
    • 820 6 ARRIVALS Operator *—j- itnnCI number Local tlmt From MAS MAS MAS SU AC AJ CPA MAS MA GU SU SWI SU THAI SU MAS GU SU SU GU SV SU SU SU GU SU SU SU THAI AY UJFT OM MH6S1 MH811 MM671 SQI03 ATfff AI432 0(710
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  • Page 6 Advertisements
    • 127 6 Morning Noon& Night We tee off to Banekok You arrive in Bangkok ready for business, or, simply enjoy the delights of discovering the city. H m m liA# ■**»> 49* m^IIII Alii I J J Arrive in Bangkok fresh and ready to sample some of the best shopping South East
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    • 240 6 I \fV I I I The business person's choce. every I I II \I I II II I Tuesday, Saturday and Sunday. I M Ml I II Leaving Changi Airport at 22:05 JL—JV^/J_ I hours and arriving Heathrow at 06:45 hours the following morning. Call your Travel Agent or Air
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  • MONEY AND EXCHANGES
    • 765 7 SMGAPORE: The US dollar recovered against major currencies yesterday afternoon, but still closed lower on balance compared with New York's last Friday levels. The dollar's afternoon recovery was triggered by Japanese Prime Minister Nakasone's comments that Japan and other industrialised nations committed themselves in Paris last month to
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    • 613 7 JUNE Eurodollar futures opened sharply lower yesterday at 93.30 in response to the US dollar's fall on news of Washington's decision to impose stiff trade tariffs on Japan. Prices eased off rapidly to intra-day support at 93.25 before short-covering pushed the market to the high of 93.32 in hectic
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    • 112 7 THE OVERNIGHT rate on the Singapore interbank market roee by 1/4 point to finish at 3-3/4 per cent yesterday. The term rates fell by 1/16 point across the board. S$ Interbank rates at 7pm yesterday: Offar M OvaririaM 3 3/4 3 1/3 Inn* 3 7/1« 3 5/1* 2-m*
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    • Article, Illustration
      297 7 Asian market ASIAN DOLLAR deposit ratee cloeed higher yesterday compared with last Friday's levels, after a day of moderate trading. A steady US federsl funds rate, lower US bond prices and Japanese bidding interest contributed to the firmer trend. Among short-dates, overnight cloeed at 6% 6% per cent up point
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    • 170 7 Interbank market rates (offer/bid) on March 30 us$ DM SWFC Y«n 7 6ayt 4 1/2 3/4 15/14 13/14 4 1/4 4 2 3/4 1/4 4 7/14 5/14 1 4 »/14 7/14 10 7/4 3 15/14—13/16 3 1/2 3/4 4 1/4 4 6 1/2 3/4 9 7/4 3/4
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    • 227 7 Interbank rates at 3pm yesterday: ■M (Mar wmm partly T» local doNors «o on* unit of foreign ourroncyi US doNar 2.1355 365 2.8196 -24.26 Storing pour d 3 4392 3.4429 7.3469 -53.19 Awttraftan ck *or 1.5012 1.5040 3.4286 -56.22 NZ doftar 1.2086 1.2113 3.4286 -64.75 Canadian da dor
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    • 234 7 HONGKONG: The metal cloeed with pared gains yesterday because of a late rebound in the US dollar. Trading was active throughout the day. Bullion finiahed at U*****.00/50 an ounce againat an initial U*****.00/426.00. On the local market, gold ended HKS2S higher at HK53,936 a tael. Krugerrand gained HK$2O
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  • Page 7 Advertisements
    • 359 7 4! h t f R 4 S. 1 v 3 > -v 4 a 1 V r Ifc--4 A V'/ft 't '/A A4any computer systems offer a networking facility which permits you to link similar, or even different computers But there are major differences between Tandem and the others that
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  • WORLD BACKGROUND
    • 725 8 Reuter IF ADAM SMITH has a modern disciple for his laissez-faire policies it is surely Hongkong. The 18th century economist would have looked kindly on the British colony. Taxes are low, trade barriers non-existent and government policymakers believe that when it
      Reuter  -  725 words
    • 635 8 AP ENCOURAGED by sustained economic growth and other positive signals, soma Britons are beginning to think their country may have finally cured its long-linger-ing economic diseaae. Economists are even daring to predict that Britain this year will put in an economic performance
      AP  -  635 words
    • 638 8 AFP DOUBTS about Prime Minister Rajiv Gandhi's popularity with the Indian voter resurfaced last Thursday after his ruling Congress (I) Party's rout in two crucial state elections, seen as a personal defeat for the premier. The defeats in Kerala and West Bengal
      AFP  -  638 words
  • Page 8 Advertisements
    • 1346 8 THE DISCOUNT COMPANY OF SINGAPORE LIMITED (Incorporated in the Republic of Singapore) 0 oio 0 SHARE CAPITAL Authorised:10.000.000 ordinary shares of $1 each Issued and fully paid 10.000.000 ordinary shares of $1 each REVENUE RESERVES General reserve, note 4 Profit unappropriated TOTAL OF CAPITAL AND RESERVES CURRENT LIABILITIES AND PROVISIONS
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  • Page 8 Miscellaneous
    • 36 8 Doonesbury m 1 itr. m m m r> I z a 9 Si i Iv OA m <s2 A ?>*» BY GARRY TRUDEAU te rr3M f* SOUNPS SHOULD MB I PEACEFUL SeTUPTHB ENOUGH. BASECAMP, SAHIB*! a £> m
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  • Page 9 Advertisements
    • 897 9 Westpac Banking Corporation Group Consolidated Balance Sheet at 30 September 1986 (All figures quoted in Australian dollars) Capital, reserves and loan capital Due to other banks Customers' accounts, etc. Deposits of customers—current and term Public borrowings by subsidiary borrowing corporations Bank and other acceptances (as per contra) Amounts due to
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  • FEATURES
    • 501 10 HUMAN FAILURE was the root cause of the collapse of the Hotel New World last year. From the design stage to its final collapse on March 15 last year, a period of some 15 years, various people had failed in their duties and responsibilities. Some failed
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    • 1077 10  - A free trade area the best of both worlds? By ZHOU MEI, Economic* Correspondent IT WAS NOT their similarities in the level of economic development or political ideology that drew several European countries together in 1959 to form the European Free Trade Association (EFTA). It was a dislike of the
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    • 593 10 THE FIRST Asean Economic Congress was held in Kuala Lumpur earlier this month under the auspices of the Group of 14 (G-14). Chaired by Datuk Paul Leong Khee Seong, former Malaysian Minister of Primary Industries, the G-14 is an Asean private sector initiative, set up
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  • Page 10 Advertisements
    • 149 10 ft y~- m m < m mTTI J 1 1 f7. ORDER FORM Yes, I would like to subscribe/renew Please send the magazine to the following address: ~l I Address: I I J Company: I I Designation: j Enclosed is cheque/money order no: t Charge my American Express/Visa/Master Card account
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    • 174 10 orchardOhotel 442OkMUS^mOMJTel: 7J***** Fm: 7J2M61 m A cosy corner, good food and music that set an informal mood. At Blooms, the style may be gracious dining but the mood's refreshingly informal, with our strolling minstrels "Los Pintos" adding a warm flavour to a most harmonious evening. Our Business Lunch offers
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  • Page 10 Miscellaneous
    • 672 10 CRYPTIC PUZZLE ACROSS 3 Dismissive word to Sam, who's not in credit (5) 8 Instrument there's cell for (5) 10 Nomad's forename? (5) 11 Dried leaves that get wet (3) 12 A worn protector (5) 13 Meke motherly, in ancient Egyptian style? (7) 15 Approaches a listener in different ways
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  • SPORTS
    • 185 11 AFP JAHANGIR KHAN. Pakistan's world number one squash player, left Karachi for London last Sunday confident of winning the 51st British Open for a recordequalling sixth time in a row. Jahangir said he had trained hard for the April 6-12 tournament. "I will try
      AFP  -  185 words
    • 62 11 SINGAPORE'S squash nomad Peter Hill beat Gamal Awad of Egypt 9-7, 9-5, 10-9 in the first round of the London International squash tournament yesterday. Joining Hill in the second round were Ross Norman of New Zealand, who beat Cerryg Jones of Britain, and Australian Greg
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    • 466 11 AP SWEDEN'S Mats Wilander beat American John McEnroe 6-3, 6-4, last Sunday to win the U*****,000 Belgian Indoor championships of tennis. Wilander, who defeated fellow Swede Jonas Svensson in straight sets in Saturday's semi-finals, needed only one hour and 28 minutes to defeat McEnroe In the final
      AP  -  466 words
    • 226 11 Reuter TOP-SEEDED Hana Mandlikova duly ended unseeded Barbara Potter's run of surprise victories in the US$l5O,OOO Washington women's tennis tournament with a 6-4 6-2 win in last Sunday's final. The Czechoslovak Australian Open champion, who has not dropped a set all week, claimed her third
      Reuter  -  226 words
    • 337 11 Reuter CHAMPION jockey Pat Eddery and former arch-rival Lester Piggott served notice of glorious intent as the British Flat Racing season got off to its traditional start with the three-day Doncaster meeting. Eddery opened his account in last Saturday s Doncaster Shield on Geordie's Delight,
      Reuter  -  337 words
    • 463 11  -  By WALTON MORAIS IN THE HEATED CAULDRON of the sudden-death playoff, Jeff Maggert's patience snapped. And whether it was Peter Fowler or championship nerves that got to him. we'll never know. But one thing is certain, the Singapore Open golf championship which ended last
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    • 376 11 AP SANDY LYLE of Scotland made an 8-foot par putt through a misty drizzle on the third extra hole and defeated Jeff Sluman for the US$l million Tournament Players Championship in Ponte Vedra, Florida, last Sunday. Sluman, who never before had
      AP  -  376 words
  • Page 11 Advertisements
    • 70 11 Play gol£ the Sevvy way WOODS Laminated wood with graphite insert. Available in graphite shaft Techno Flex 5750 1 and steel shaft Dynaflex 1100. 37 f mm U LtCoiJLTKj> ;ni jo i i 'Moonphases p-nts' model by Jaeger-I.<e Coultre. Automatic movement with complete calendar. Available in SINGAPORE: Sincere Watch Pte
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  • Page 11 Miscellaneous
    • 1533 11 to (md mm L A happily married but infertile couple (Lindsay Wagner and Chris Sarandon, above) adopts a child and go ga-ga the next few months over the bonny bundle. Melodrama sets in when a young woman from the other side of town turns up and demands her baby back.
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    • 26 11 Rristcw: ftanidiLcfcezS 1 "thc roouse is gnjoying TM6 pPkPERtJORKC... HfcS GIV6N uP his break and rue. rnoNKey hp\S &GJ£JSI ON -me PMONG DFvy OlUr-. _\is \(jT^
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  • INTERNATIONAL COMPANY NEWS
    • 733 12 FT ERNEST SAUNDERS has denied fcat he benefited from any of the £25 million paid out by Guinness in a support operation during its Distillers takeover bid. ■> The denial came in Mr Saundfcrs' first public statement on the Guinness affair since he was
      FT  -  733 words
    • 836 12 NYT IS THE INTRINSIC VALUE of Standard Oil Co materially in excess of US$7O a share? That is one of the questions raised in a law suit that contends that the buy-out offer by British Petroleum Co is "so grossly inadequate and unfair as
      NYT  -  836 words
    • 247 12 Reuter WOOLWORTH HOLDINGS PLC said it would make a £44 million agreed bid for Superdrug Stores PLC, valuing the company's shares at about 696p each. The offer would be made on the basis of 17 new Wool worth ordinary shares for every
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    • 355 12 Reuter AN INVESTOR GROUP trying to acquire Gencorp Inc said it would move to unseat the board of directors and take other action if Gencorp refuses to discuss a US$2.3 billion takeover bid. General Acquisition Co, a partnership of Wagner Brown and AFG Industries
      Reuter  -  355 words
  • Page 12 Advertisements
    • 400 12 /1> I WSasre id viae, <Ha« aai entertain Buy a bottle of Hennessy X.O. (70cl) at only $195 Nett (Usual $320) and get an exclusive ballpoint pen and hot snacks FREE! Lucky Draw on si March with Attractive Prizes! Swlmw63r Fashion Shows Every Tuesday 3.10.17. 24 ft 31 March-at 8.15
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    • 129 12 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
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  • ASIAN STOCKS
    • 142 13 Reuter A DIRECTOR of San Miguel Corp (SMC) has filed a formal complaint against company chairman Andres Soriano 111 and eight other directors for "breach of loyalty to the corporation." Eduardo de Los Angeles. a government nominee in the 15-man SMC board, accused them of
      Reuter  -  142 words
    • 364 13 HONGKONG: Stock prices closed sharply lower in hectic trading yesterday mainly on late selling linked to the March Hang Seng Index futures which were due for settlement, brokers said. The Hang Seng Index ended the day 23.86 points lower at 2,774.88 after rising some 14 points at midday. The
      364 words
    • 400 13 TOKYO: The stockmarket index closed sharply lower as the yen's continued rise against the dollar and US orders to impose heavy tariffs on Japanese exports depressed export-related companies and withered investor confidence. The Nikkei Average fell 550.45 yen to close at 21,627.57, the day's low. On Saturday's half-day session,
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    • 69 13 MAR M PCIOl Oriental B □rich Phil 0 026 0.043 -0001 unch Anglo Phil..." Phitex B 044 0 03 I?* 30 PLOT 312 SO 17.5 xamm San Mlguil B 123 3 0 021 -0 001 II. Banguat Con. B 122 Sim* Darby 29 unch Firm Phil HMga Lapanto B
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    • 437 13 SYDNEY: Australian share prices Closed at record levels for the eighth consecutive session yesterday, buoyed by a rush for leading and second line gold miners, brokers said. This followed a sharp rise in international bullion prices which reached U*****.50 an ounce in Sydney compared with Friday's U*****.90 close. Brokers
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    • 114 13 mn n MM Kal 1506 4 Kangwon Ind Kio Motor ***** 1870 500 -26 740 +25 Koton Ind 4300 -60 D*i»oo Corp 1070 unch 16 -CO •100 Koroo Long Torm Lucky Ltd 2475 1615 56 +15 DftWtin Socurfoaa 4300 ***** Ortonui Browory. Ortontal Chom ***** ***** •100 500 Dong
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    • 158 13 Reuter BANGKOK: The Stock Exchange of Thailand Index lost 0.90 to 229.40 on a turnover of 1,562,480 shares worth 250.4 million baht. Reuter MAR Ao Kham Thai Ayudhya liuaa—p Bangkok Aground Bangkok Bank Bank Ot Ayudhya Charoong Thai Wti A Cabia BAMT lit 296 ...79 291 unch unch unch
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    • 60 13 Reuter BTR NYLEX Ltd will increase its takeover offer for Borg-Warner Corps listed unit, Borg-Warner (Australia) Ltd, to Ass each from As 4 for all issued ordinary and preference shares. The new offer values the diversified motor parts manufacturer's 27.22 million ordinary shares and 13.22
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    • 537 13 NYT THE BANK OF CHINA group has taken to capitalist-style competition so swimmingly that it has become the second biggest bank in Hongkong. The bank seems to think that this is just the beginning. It is building a 70-storey headquarters that
      NYT  -  537 words
  • Page 13 Advertisements
    • 653 13 Wtere id wiae, ilae mii Start ofA 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 is just being there.
      653 words
    • 92 13 rrrrnwTTTT Poking 4 Sichuan Restaurant HOKKIEN-PORRIDGE tICW. DINNER/SUPPER Buffet Style Choose from more than 20 appetizing dishes. Eat all you can for only $7 oQ++ Dinner/Supper Time: 7pm 3am. r v $s»-' s *r 9BEL"#» •gpecif* For all you can eat $11.90* per person Specialities from different countries will be
      92 words

  • RAW MATERIALS
    • 304 14 Reuter A SENIOR Nicaraguan official said last week that a recent plunge in coffee prices was economically and politically disastrous for Latin American coffee-producing countries. Nicaraguan Foreign Trade Minister Alejandro Martinez Cuenca was in London to brief International Coffee Organisation (ICO) executive board
      Reuter  -  304 words
    • 154 14 Reuter PRESIDENT ALAN GARCIA said Peru had found rich gold deposits worth an estimated US$l.3 billion in a jungle region near the Ecuadorean border about 1,000 km north of Lima. He told reporters that the deposits, located at four sites near the town of
      Reuter  -  154 words
    • 561 14 Reuter AMERICAN REFINERS gathered yesterday at San Antonio for the 85th annual conference of the National Petroleum Refiner* Association (NPRA) amid some forecasts that 1987 may not be as profitable as 1986. Robert McCowan, the chairman of the NPRA and
      Reuter  -  561 words
    • 105 14 OIL PRODUCTS YESTERDAY'S market was very quiet in typical Monday fashion with no fresh business reported apart from news on tern Jer awards. Kerosene and gasoil appeared rather weak while naphtha was quiet and marginally weaker. Fuel oil appeared stable for the time being. LSWR wai i quiet. Closing prices
      105 words
    • 126 14 ChlntM Product Silm' noon dodng prk m on March 30 (SI/100 kg) Coconut oil Mt FOB K.00 OU dram FOt 96^00 Nw dnm FOt 100.00 Copra MiKMt (loow) P»PP»r POt NIW 1140.00 W0»0 vtiW POt to* NIW 1145.00 khd rO« NIW 910.00 AM Wock KX MW 1023.00 1
      126 words
    • 287 14 Reuter DEPRESSED world prices, ted weather and a smaller growing area will reduca Thailand's paddy (unmilled lice) crop to 19.1 million tonnes in 1906-87 (November/October) from 20.2 million in *****6. The Private Board of Trade said a wideapraad two-month drought in
      Reuter  -  287 words
    • 202 14 AFP INDIA is to import 22.24 million tonnee of crude oil and petroleum products in the 1987-88 financial year which begins next week. According to Petroleum Minietry official» in New Delhi, the import requirement about three million tonnes mors than the previous year, would be
      AFP  -  202 words
    • 79 14 AFP INDONESIA'S giant Freeport copper mine will be able to increaae its ore production from 15,000 tonnes a day to between 16,000 and 16,500 tonnes by the end of the yeer. A company spokesman said yeeterday Fre sport Indoneeia Inc had completed two 2,500 metre tunnels
      AFP  -  79 words
    • 60 14 Bangkok (u$$/toMw, pot) White Rice 100% 1« don 100% 2nd dn 100% 3rd dm 25t 228 223 5% 2 213 20t 203 I9S 190 its Broken Rice A-l Sup* A-1 Sp«dal C-1 SpKM C-1 Ord 146 143 «mq Mtq Loonzain Rice 100% 1« trad* 100% 2nd grade 100% 3rd
      60 words
    • 136 14 THE PRICE OF tin on the Kuala Lumpur Tin Market do—d unchanged aft M 516.61 par kg yeeler- nr H, U.| r rl amy tot mt vnira conttcutlve trading day. Daalars said last Friday's closing level attract ad buying Intaraat of ItS tonnoa against dlspossls of ISS tonnes
      136 words
    • 192 14 MALAYSIAN crude palm oil prices closed higher yesterday on some covering and speculative buying interest supported by rises in palm oil futures and a firmer Chicago soyoil futures close last week. However, dealers said trading was light and cautious as operators preferred to await fresh factors before making
      192 words
    • 338 14 SINGAPORE Ths market closed higher yesterday with April One RSS buyers quoted at 198.50 cents s kg, up two cents from lest Fridsy. Ths morning session gained 1.50 cents on some i short-covering of nearby position in thin trading. Short-covering of nearby positions continued to pueh < prices up
      338 words
    • 252 14 RAS prices mse «M| TO kifetfM i NOON close Bwyon Setters ftwyart Srfwi knt 1 RSS Prompt 198-50 *****N 199.00 *****N to 1 RSS ApHI 87 198.00 199.00 ***** ***** In* 1 RSS May 194.25 ***** ***** ***** Inr 2 RSS Of ***** *****N ***** *****N to
      252 words
    • 85 14 loatt/kg, 1 -*on APftH 87 MAY 87 (currant month) (forww ti month) NOON NOON RAS Sihn byM SaBan ssa 20 149 JO 171 JON 149JO 171 JON SSI 50 164-50 149JON 14CJ0 149 JON MRELB Sifcri SaMart SMI cv 244.00 244.00N 247.00 249.00N SMI L 244JO 244JON
      85 words
  • Page 14 Advertisements
    • 365 14 L LUM CHANG HOLDINGS LIMITED (Inoofporwd in tfw Rapubtic of Singapore) ANNOUNCEMENT UNAUDITED RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 1886 The Directors of Lum Chang Holdings Limited are pleased to announce the unaudited results for the half year ended 31 December 1966. GROUP COMPANY HALF YEAR ENDED 31
      365 words
    • 130 14 This announcement appears as a matter of record only TIEN WAH PRESS PRIVATE LIMITED 5550,000,000 Dual Currency Note Purchase and Revolving Credit Facilities Managed by Continental Illinois Capital Markets Group Deutsche Bank (Asia) The Mitsubishi Bank, Limited Bergen Bank Asia Ltd N.M. Rothschild Sons (Singapore) Limited PKbanken International (Asia) Limited
      130 words

  • SHARE INFORMATION
    • 4177 15 THE CORRECTION that began lata laat week continued yesterday. Share prices fell sharply acroas the board on reduced volume. The Straits Times Industrial Index loet 6.62 points to 1,073.42 and the BT Composite Index dropped 6.45 points to 940.60. Losers outnumbered gainers
      4,177 words
    • 248 15 SINGAPORE Rises Indl kCM Marrii 37 KM 30 CftC M Ovdk 200 13 •TCaa«a*a *47.14 040*0 323 11 •TOt/OS •104 -03 ICS 1030 10 IT CAO •T IO-4ay •*301 -*373 IIiiiMIIII Ma 414 •*313 "*333 bn SO* 373 ■art* I'HI BTOOV Lan4 *33 3 44*009 4330*3 CaM
      248 words
    • 3249 15 BID and ofler prices officially I Mad and bueinees in and reported to the Slock Exchange ot Singapore yeetarday with the number of aharea traded shown in bracketa in lots of 1,000 units unlaaa otherwiaa specified All Time Settlement Contracts are quoted after the word
      3,249 words
  • Page 15 Advertisements
    • 30 15 KL market report, Omln— doiM on tho KLBE, Rag* The Best and Newest Ideas come from DECOR GUIDE FEB-MAR'B7 $3.50 A Times Periodicals Publication BT shows you how every Monday.
      30 words

  • COMPANY NEWS
    • 667 16 TWO LISTED construction companies have reported contrasting results Lum Chang Holdings for the interim period and Lim Kah Ngam for the full year. Lum Chang Holdings described its latest half-year per- formance as satisfactory in the face of a severe downturn in the construction
      667 words
    • 434 16 INVESTORS continued to adopt a cautious stance on tha Kuala Lumpur atock market yeaterday and share prices finished marginally lower from last Friday's cioae. The general mood was dull but a few Singapors stocks continued to shine, ending the day with gains.
      434 words
    • 2104 16 BID and offer prices officially -Hated and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded I shown in brackets in lots of '1,000 units unless otherwise specified. INDUSTRIALS Apno (1808); fibinninin 0108 3205) Alcorn (788 80S)
      2,104 words
    • 186 16 OOOOWOOO PARK HOTEL United. 30th AQM in the Tudor Ballroom, Goodwood Park Hotel. Scotts Road, Singapore, today at 11.45am. HOTEL MALAYSIA Limited: 24th AGM in the Tudor Ballroom. Goodwood Park Hotel, Scotts Road, Singapore, today at 11.30am. TONOKAH HOUMNQS Berhed: 45th AGM at the Prince Ballroom, Mezzanine Floor, Prince
      186 words
    • 102 16 HONGKONG Hongkong Indox Monday *****4 Friday 1K&27 WMk ago 1806X17 Hang Song Indox Monday 2774.88 Friday 2796.74 WMk aso *****0 AH Indwtriab Monday 2595-5* Friday ***** WMk ago 2574.5 NEW YOftK Dow Jonos Friday *****0 Thuraday *****9 WMk ago *****2 TOKYO fNtKKei Average Monday *****-57 Saturday *****08WMk ago
      102 words
    • 234 16 price* MARA-Bwniputra for March 31 fir* B'puira 597 UOS Singapore Unit Trust Second B'puira 111 516 TMrd B'putra 419 4.24 TSa Co—rc« IjQ3 I II Tlw Savings Fund 0 *0 0 97* S'pom fro® Fund 0.41 0.46 S pot* Sac Fund 049 075 S par* bN«i Fund 0.77
      234 words
  • Page 16 Advertisements
    • 351 16 NOTICES rr\,. riii THE COMPANIES ACT, CAP. 188 AND IN THE MATTER OF n Mb NOTICE 18 HEREBY GIVEN that pursuant to flection 308 of the Companies Act Cap. 188 that a Final Meeting of the members of the abovenamed company will be held at 10 Oollyer Quay #21-01, Ocean
      351 words
    • 333 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 185 AND IN THE MATTER OF AMADA PTE LTD ON VOLUNTARY LIQUIDATION) MEMBERS* VOLUNTARY At an Extraordinary General Meeting of the Company duly convened and held at 59 Jalan No vena, Singapore 1130 on the 25th day of March 1867, the special
      333 words
    • 320 16 IN THE MATTER OP THE COMPANIES ACT, CAP. 1M AND f T 9 ¥0 AEROCONTRACTS SERVICES (SINGAPORE) PTE LTD I ly| T I Q A VOLUNTARY i I vJ 0 1 4 At an Extraordinary General Meeting of the members of Aerocontracts Services (Singapore) Pte Ltd deemed to have been
      320 words
    • 280 16 CAP. 185 AND iii;l i fV M rfi MARATHON X f Mm (J J I 0 lv ff* U At an Extraordinary General Meeting of the members of Marathon Letoorneaa Offshore Pte Ltd deemed to have been convened and held on March 23. 1887, the following resolutions were That the
      280 words
    • 306 16 IN THE MATTER OP THE COMPANIES ACT, CAP Its AND »,V 1 HPP MANAGEMENT PRIVATE LIMITED (Ib Voluntary Liquidation) MEMBERS' VOLUNTARY At an Extraordinary Ge□eral Meeting of the member* of HPP Management Private Limited duly oonvened and held at 16 Raffle* Quay, #37-03 Hong Leong Boilding, Singapore 0104 on the
      306 words
    • 304 16 IN THE MATTER OF THE COMPANIES ACT. CAP. 185 ANO IN THE MATTER OF WINCHESTER CAPITAL INVESTMENTS PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at No. 36 Robinson Road 18-01, City House, Singapore 0106 on the
      304 words
    • 9 16 Keep your investment decisions on target Chartpoint every Saturday
      9 words
    • 164 16 REPUBLIC OF PANAMA U5525,000,000 Floating Rate Notes Due 1987 (Extendable at Noteholders Option to 1990 and 1992) In accordance with the provision of the Notes, notice is hereby given that for the six month period from 31st March 1987 to 30th Sept 1987, the Notes will carry a rate of
      164 words

  • COMPANY NEWS
    • 414 17  -  By HOMER CHEN PRUDENTIAL ASSET Manage- ment Asia Ltd. a member of the Prudential Insurance group of companies, has acquired a 20 per cent stake in Singatronics (S) Pte Ltd, which once tried to get a i listing on the Stock Exchange of Singapore.
      414 words
    • 114 17 PENNY CHANG (Ml), who was the constant companion of Jailed Malaysian businessman Tan Koon Swan, has resigned from the board of Supreme Corporation and has relinquished her executive function from March 13. Meanwhile, two new directors, namely, Messrs Hooi Kam Sooi and Choi
      114 words
    • 267 17 2 ROTHMAN8 Industries Ltd 3 has disclosed that one of its major shareholders, Abu Dhabi Investment Authority, has acquired 210,000 shares in the company, raising its stake in the com- -> pany to 6.96 million shares I. or 6.07 per cent. The shares sre held in trust by
      267 words
    • LATEST RESULTS
      • 63 17 Group after-tax profit of $18.02 million ($6.3 million) on a turnover of $7.6 million ($13.1 million) and investment income of $22.12 million ($12.6 million) for the year ended Dec 31, 1986. EPS is 60 cents (21 cents). A second and final dividend of 15 cents has been
        63 words
      • 41 17 Group profit after tax and minorities of $2.77 million (loss of $894,000) on a turnover of $37.36 million ($27.27 million) for the six months ended Dec 31. 1966. EPS is 4.8 cents (loss per share of 1.3 cents).
        41 words
      • 38 17 Loss after tax of M$30.74 million (loss of $23.32 million) on a turnover of $51.5 million ($84.54 million) for the year ended Dec 31, 1986. Loss per share is 49.2 cents (47.6 cents).
        38 words
    • 312 17  -  By AMY BALAN INTERNATIONAL trading company Intraco Ltd has reported a healthy set of year-end figures for fiscal 1966, thanks to a strong showing during the second half of last year. As a result, Intraco was able to close the full year ended Dec 31, 1966,
      312 words
    • 648 17  -  Proceeds to be used to cut borrowings and for renovation By AMY CHEOK HOTEL MARCO POLO Ltd, controlled by the Wharf group of Hongkong headed by Sir Y K Pao, 1« proposing to raise $25.4 million through a rights issue with transferable
      648 words
    • 569 17 TRADING-BASED Boustesdco Singapore Ltd is beginning to reap the fruit of Its comprehensive rstionalistion programme implemented last year. Among other things, it included the disposal of certain unprofitable and highly-geared investments, the cleaning up of fringe activities and the consolidation of the group's
      569 words
  • Page 17 Advertisements
    • 95 17 A rare opportunity to purchase a hilltop home of truly outstanding design. This double storey bungalow has a magnificent setting 70m above sea level with superb panoramic views. This home is designed and constructed with luxurious finishes on a land area of 9,173 sq.m. To own a home that is
      95 words
    • 118 17 Food lovers now need not travel to all the Scandinavian countries to savour cold specialities. Thanks to The Belvedere's Scandinavian buffet luncheon, from March 14 to April 10. Make a meal out of the smorgasbord selection which tempts with Matjis herring, smoked salmon, liver pate and Danish blue cheese. Follow
      118 words

  • 440 18  -  By ALVIN TAY FRENCH COMMODITIES holding company Soffo NA, which bought over the assets and activities of Holiday Cutler Bath in Singapore and Malaysia, will use the Republic as its base to launch a comeback to this region. A Banque
    440 words
  • 57 18 AFP MALAYSIAN Prime Minister Dr Mahathir Mohamad held talks with Sultan Hassanal Bolkiah of Brunei yesterday during an official visit to the Sultanate. Official sources in KL said that the Malaysian team was keen on exploring trade and investment opportunities that might be thrown up by
    AFP  -  57 words
  • 461 18 Reuter THE AMERICAN DOLLAR nosedived against the yen in Tokyo yesterday and the stock market tumbled as fears of an all-out trade war between the US and Japan triggered panic selling by investors. With Tokyo running out of options to cut its trade surplus
    Reuter  -  461 words
  • 391 18 AFP THE PROBLEMS arising from the continued strength of the yen cannot be solved internationally but need to be addressed by Japanese government and business leaders, according to a leading Japanese economist Nobumitsu Kagami, the managing director of Japan's leading securities firm, Nomura
    AFP  -  391 words
  • 284 18 Bernama BRITAIN welcomes Brunei Darussalam into the Five-Power Defence Arrangement, British Secretary of State for Defence George Younger said yesterday. Mr Younger, who also reaffirmed his country's commitment to the arrangement, said: "I have made clear the British position on Brunei coming
    Bernama  -  284 words
  • 186 18 Bernama THE PRIVATE ssctor has built 740,586 houses out of its targeted totsl of 1,512,964 units, s 49 per cent achievement of the goal under the Second, Third and Fourth Malaysia Plans (1971-1965). The public sector completed 409,466 units, or 46 per
    Bernama  -  186 words
  • 382 18 AFP MALAYSIAN Prime Minister Detuk Seri Or Mahathir Mohamad said yesterday that several countries were attempting to influence the outcome of polls next month to elect new leaders for his United Malays National Organisation. Bernama news agency quoted Datuk Seri Dr Mahathir as
    AFP  -  382 words
  • 106 18 AP BEIJING now has 640 free markets with 39,400 stands, triple the number two years ago. to sell produce to residents of the capital. The markets last year sold U*****.8 million worth of agricultural goods, the Xinhua News Agency said yesterday, quoting the Beijing-based
    AP  -  106 words
  • 73 18 WALL STREET, in a dramatic and emotional reaction to the Reagan administration's imposition of duties on Japaneee products and the subsequent sharp decline in the dollar, tumbled in heavy trading yesterday. Technology stocks led the retreat. The Dow Jones Industrial Average, which fell 37 points on Friday
    73 words
  • LATE FILE
    • 43 18 Reuter A MAXIMUM budget deficit of AS2.S billion for fiscal 1967/88 ending June 30 is needed if financial markets are to be impressed with the government's resolve to tackle Australia's economic problems, Weetpac Banking Corp said. Reuter
      Reuter  -  43 words
    • 48 18 Reuter NEW ZEALAND'S opposition National Party would keep a floating dollar if it were elected to form the next government, party leader Jim Boiger said. He said the party did not intend to regulate capital flows beyond existing constraints on foreign investment Reuter
      Reuter  -  48 words
    • 46 18 UPI VIETNAM has issued new regulations protecting the copyrights of authors. Radio Hanoi said yesterday. The radio said the decree on copyrights of authors was issued on Nov 14. 1088. but did not explain the delay in announcing the measure. UPI
      UPI  -  46 words
    • 34 18 PI CAMBODIAN resistance radio yesterday claimed that demoralised Vietnamese troops in Cambodia this month fought among themselves and killed their officers in two incidents that left seven soldiers dead. UP!
      PI  -  34 words
    • 34 18 Reuter SRI LANKA has appealed to the international community for emergency aid to help 2.4 million villagers affected by its worst drought in 96 years, government officials said! yesterday. Reuter
      Reuter  -  34 words
    • 40 18 Reuter NATO Secretary-General Lord Carrington said yesterday that Greece had rejected his offer to try to help resolve a dispute with Turkey over oil exploration rights in the Aegean Sea on the alliance's sensitive southern flank.
      Reuter  -  40 words
  • Page 18 Advertisements
    • 86 18 Chip dispute heading for a —tttetwnt, Pago V; Only at Scruples Explore Scruples. Discover designer originals in rattan and wicker. A dream collection of the classic and contemporary. All handcrafted to capture your imagination. Elegance in furniture. Come to Scruples. But come prepared to fall in love. At Scruples. Only
      86 words
    • 3 18 8m Pag* 4
      3 words
    • 143 18 lor only $1.56 a day you can save a fortune* v. r %m Q x y P -> i 1 Li Whether you're at home or away, now you can sleep soundly knowing your family and your valuables can be protected at all times. Because the new Network Security System
      143 words
  • Page 18 Miscellaneous

  • SHIPPING TIMES
    • 434 19  -  By LILIAN ANG A $30 MILLION design and technology transfer deal between Singapore Shipbuilding and Engineering Limited (SSE) and the Indian Coast Guard (ICQ) took a step forward recently with the launching of the first vessel built under the agreement. The
      434 words
    • 328 19 Lloyd's List and Seatrade Week SENATOR LINIE, which will make its debut in the round-the-world service next month, expects to break-even in its first year of operation. Chairman Mr Karl Heinz-Sager, an ex-direc-tor of Hapag-Lloyd and the prime mover of Senator, said at
      Lloyd's List and Seatrade Week  -  328 words
    • PORTSIDES
      • 52 19 Reuter THE AUSTRALIA Middle East Gulf Conference will institute a minus 0.77 per cent bunker adjustment factor (BAF) effective April 29, against the current zero BAF. The new BAF will then be incorporated into freight rates and again become zero-rated, the conference said in a notice to
        Reuter  -  52 words
      • 111 19 Seatrade Week PRUDENTIAL LINES, which filed for Chapter XI bankruptcy last September, sold its vessel, the Pacifico, to the US Maritime Administration for US$l million. MarAd, already the owner of Prudential's Atlantico for US$l.65 million, holds the Title XI mortgages on both ships. MarAd was the only
        Seatrade Week  -  111 words
      • 158 19 AFP TWO CHINESE fishing vessels were missing in a storm after Taiwanese port authorities denied them entry to a typhoon shelter, an official Chinese news service has alleged. China News Service said the two vessels, with an unknown number of crew on board, had sent requests
        AFP  -  158 words
    • 917 20 AP TALL GREEN cranes stand idle in the Hitachi Zosen shipyard that for generations kept the tiny island of Innoshima prosperous and workmen now gather at the unemployment office. "When I married and started my own family, I
      AP  -  917 words
    • 351 20 THE PORT OF Pusan, South Korea's leading international gateway, handled 45.2 million tons of cargo, an increase of 20.7 per cent on 1985. Containerised cargoes showed an even stronger growth of 32.1 per cent in tonnage terms to 27.7 million tons and 24.4 per
      351 words
    • 710 20 AB Shpg V 5 Accord Shpg VI 3 Africa Ocean IX 4 Alltrans VII 3 Anro Service IV 2/3 ANl I 1/2 APC line V 4 API III 2/3 ASCI III I Bait-Canada Line VII 4/5 Bait-Orient Line VII 4/5 Bank Line V 5 BBS II 4/5
      710 words
    • 1068 20 US GULF Grain bulker rates continued to nudge slightly higher on the London shipping freights market on Friday, but at a slower pace. Archer Daniels Midland conceded US4I6 (fio) to the Tai Zhou Hai for April shipment of 52,000 tons of US Gulf grain to Japan. Smaller tonnage
      1,068 words
    • 170 21 THE MAJOR shipping consortia opcrating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACC (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
      170 words
    • 197 21 A NEW CAR-PASSENGER ferry has been ordered by Swedish shipping company AB Slite for Viking Line. The 35,000-grt ferry the third of four to be ordered in Viking Line s modernisation programme will be delivered in Spring 1989 for the Sweden-South Finland route.
      197 words
    • 373 21 Lloyd's List SOUTH KOREA has approved a takeover plan for its national flag carrier Korea Shipping Corporation after months of hard bargaining. The deal will leave the line's enormous Won6oo billion (US$7O4 million) debts split equally between the buyer, Hanjin Container Line, part
      Lloyd's List  -  373 words
    • 145 21 LEADING UNDERWATER hull cleaning company, Scamp, has revamped its network worldwide, a year after it took over from the US company Butterworth Inc. The reshuffle has resulted in the appointment of new hull cleaning station operators in the Netherlands and South Korea. Uncle Diving BV
      145 words
    • 107 21  -  By Kingsley Wood NEW ZEALAND ports, now controlled by locally elected harbour boards are to set up separate companies to handle commercial operations, New Zealand Transport Minister Mr Richard Prebble said. Legislation to be passed before the end of the year
      107 words
    • 201 21 THE EL PASO natural gas carriers which cost US$lOO million a piece to build is again put up for sale. The US Maritime Administration which acquired the vessels the Arzaw, Gamma and Southern in 1960 stated in an advertisement
      201 words
    • 251 21 AFP BOTH activity levels and rates improved on the tanker market during the past week although London brokers E A Gibson warned that higher bunker costs, the fragile dollar and a continuing surplus of tonnage may prevent any significant alleviation of present "abysmal returns" for owners. Demand for
      AFP  -  251 words
    • 319 21 FT THE UNITED STATES House Foreign Affairs Committee has approved an amendment to the 1967 trade bill which would establish a system to regulate pre-shipping inspections of American Exports by companies such as the Geneva-based Societe Generale de Surveillance (SGS). The amendments, likely
      FT  -  319 words
    • 92 21 AP A THAI MAN was sentenced to 14 years in prison at hard labour for smuggling cigarettes and electronic goods into Bangladesh on board a ship, Bangladeshi officials said. A court in Chittagong, 264 kms south of Dhaka, found Chalang Chaiferi, captain of the Singapore-registered ship
      AP  -  92 words
    • 5720 26 §®TOBID(DI3>B A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      5,720 words
    • 1455 27 The leading shipping lines operating from local ports and their agents A—B AB Shipping Boustead Shpg Agencies Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK) Alltrans Alltrana Express American President Lines APL (S)/Boustead Shpg (PK/PN) Antah Orient Line
      1,455 words
    • 570 28 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Crikvenico K35 NTY alongside 01.04/1500 Espoir K30 MT Mar alongside 31.03/1300 Helios K20 NTY alongside 02.04/0600 Horizon Star K17 lion Huat alongside 3103/0600 Jinfeng K32 Pll alongside 31 03/2300 Kota Berlian K31 Eka Jaya alongside 31 03/0600
      570 words
    • 569 28 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movement Ship Voy date/time Operator cargo schedule Location Totari II 2512 31.03.87 1700 Cahaya F7 0600-0900 14 Pelopor 233N 31.03.87 1800 Boustead F7 0900-1000 U2 Arild Ms 8706 31.03 87 1830 Maersk F2 0930-1030/0830-0930 A2/B2 Thai
      569 words
  • Page 19 Advertisements
    • 759 19 Mammoth Hunters Jean M. Auel >1 iZ2 CORONET BOOKS Available at all Good Bookshops 1: 3i" 3 ;T_ '10 WW/ Orient Oveiqeas CttLitm Line NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORLD ROUTING) he DINE SHIPPING AGENCIES (Haf No 242*4/ OOK 200 Cantonment Road #12-05 South pent S.npport 0208 Tal *****11
      759 words
    • 72 19 KMDB TALL GREEN cranes stand idle in the Hitachi Zosen shipyard that for generations kept the tiny island of Innoshima prosperous and workmen now gather at the unemployment office. Page ll SOUTH KOREA has approved a takeover plan for its national flag carrier Korea Shipping Corporation after months of hard
      72 words
    • 427 19 FESCO LINES Tt- FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE EUROPE The Direct Line Towards A Weekly Service from April Ist, 1987 To California -US Gulf -US Atlantic E.ist (".anad.i All Wat<*» Sfr\. This
      427 words

  • Page 20 Advertisements
    • 379 20 jSr COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO MEDITERRANEAN AND EUROPE outbound TO north continent ALSO ARABIAN GULF AND INDIAN SUB CONTINENT VIUE OE MERCUtE VILLI O'URANUS VILLI DE PLUTON an Also accepting ca'jo to Jll U K destirvations Scandinavian (Aa'tius Copenhagen Gothenburg) and G?he' Inlaid pc 1
      379 words
    • 385 20 EUROPE/FAR EAST CONVENTIONAL SERVICE PT. of LOQ. ■SKIPPER N ,LE CHANG UK FT. KLANQ TEL: b3-*****50 I MALAYSIA SON. BHD. TLX: ***** MTM Frt Booking contact Miss Gsn ANQ S PORE LOQ. FOR Imp* aain parti Further load/ discharging ports an route subject to sufficient inducement SmppoflOffitK MTM B'pore. Tat:
      385 words

  • Page 21 Advertisements
    • 420 21 The Straits Steamship Group Mansfield Container Shipping PteLtd COmAfCRSHP SERVICE TO UK/COWTWENT:. sn STRAITS SHPPMG Singapore to Sabah, Sarawak, Brunei Porta and Bangkok mP&O Containers Limited PEGASUS PRUX VOTN h Part/N Apr MM Apr MM Apr M-U Apr rpm pjqmp n* m*a !>—>>■ UNI m mn an an vn m
      420 words
    • 496 21 CHARGEURS REUNIS (MED CLUB MFMBFP 3 .iAL. nvr" rrr Optorg Shipping Pte. Ltd I E L M A C. Tmm WW Santa* r«Mw Mrw U/5 14/5 tt/5 SAN JUAN w w m> w 10. Brora K W z» an LA MOJA 1/7 nn an an iAS AG -N' I rati
      496 words

  • Page 22 Advertisements
    • 416 22 CONTAINERSHIP SERVICE TO UK/CONTINENT CONV SEW I CONTAINER SERVICE TO EUROPE CONV SEMI-CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK CONTINENT 3*3 1/4 *4 7f4 M XI, TTO MM I*4 I*4 1M 1M 17/4 1M 17/4 a/4 KB UMortfi SU Sid Ski 31/3 2/4 21/4 23/4 2M 2M urt
      416 words
    • 388 22 FULLY CONTAINERISED SE R VICE rlO EUROPE VIA S^TT* ot ,ht cf Coosoctium ORIENTAL CHIEF mm m.'t FROM EJROPE VIA SUEZ a Member of the Ace Consortium P.K*iM|S'pm H.Kmi KanMaat Ban* Tdq» 9/4) 7(4 U/4 12/4 IS/4 l?/4 om) 14/4 n/4 m m* vi* (23/4) 21/4 25/4 24/4 a* V
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    • 265 22 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: SINGAPORE CALICO SMIffINC PTE LTD T«fc IBM Tit: IB Sua CALICO FAX: ZMK7I PORT KELANC PERKAPALAN UTARU SON MO T* MUM* KOTA KINASALU KESAWAN SNIPPING SON BNO T«t an (1 Han) Fac BMP TG. HANI RAM HUNIRSAH SON MO K&S
      265 words
    • 970 22 r EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) m nc KU w EVER UVINC W W W IAH UM-PGOHOTHNtyEVER LEVEL M 12N MS everglort w w w w EVU UNKING w w w w EVER GLOK 2* IS IS 7S EVU GRANO tfi Ufi Ufi EVER 6LEAMY W XD
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  • Page 23 Advertisements
    • 416 23 x PACIFIC INTERNATIONAL LINES \W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE SM HKQ 4/S M KTC TOK KOS M w ss KOTA MMOJ MA MA WW INDONESIA CONTAINER SERVICE •M 11/4 IIM BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE >■« RED SEA/EAST
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    • 122 23 Ht|l Etrii NORBULK CARGO SERVICES LTD. 4 REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS SPORE MARATHON UNITED AGfNCY PTE LTD TEL 222W66 MALAYSIA SP YEO SHIPPING 4 TRADING KL 7CTM4* PK *****01 PtNANG TANJUNG MARINE SDN BHD TIL *****5 SABAH TRANSPAC K K »«8rt*****
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    • 391 23 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT rrm mum sim mm nwnwia mm w tm w w w M zw tm m Z m 22 !J2 2 22 22 iw ufl u» IVJ 22 w w w •1 m m m m ,S m m m t* J* 22 m
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    • 381 23 DJASAGETRI A Joint Europe Service Oh rx uakaita ulro f.t. torn urn p.t. m—cm nam •rx tmkou um TUTjT BtLIAO -Mi A'DMVR'DMI M'IUK |I ALSO ACCEPTING BOTH CONTAINERS, CONVENTIONAL CAMO VIA T/S TO UK L£ HAVRE. OSLO. COPENHAGEN, AARNUS, GOTHENBURG AND l'■ iml DJAKARTA LLOYD INDONESIAN NATIONAL LINF MIA IJiml'Miki
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    • 206 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STM (Burmese National Line) Loading for Rangoon PAGAN mi* BTOMATWA VMM PA-AN VMM 8/31 Mr M&X BANK UNE womwouno to ukc WOm mm JVYBANK VIM In Nrt «N TOANA muam m up 1 TAUSALA SAMOA VM 21/4 27/5 HMAYBANK V3N 12/5 i?" (iA«aJW CHARTER) FOmttANK
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  • Page 24 Advertisements
    • 1071 24 «jKline —KAWASAKI KISEN KAISHA. LTD turn, ma rm vok kmc mavaqun. cauao amca iquiquc ataoasta sjwtomo valpamm lApr 2 Apr I Apr J Apr M Apr 7Mr IS Mr aMy rmt no 6 fer 1 Apr 2 Apr Apr I Apr Apr Apr IS Apr Apr Apr 22 Apr SApr
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    • 455 24 AUSTRALIA EXPRESS CONTAINER SERVICE Hi 'Yi BTBUPKR »MS May INDIA EXPRESS CONTAINER SERVICE INDIA/JAPAN/INDIA SERVICE T3 m v EUROPE t UK/CONTINENT SERVICE -X USA PACIFIC/CANADA SERVICE f NTS MN(,»P(*( R lUMARHO* A SONS PTf lin in K HIMPIIR (IRMDOI i CO SON HHP ifi "i p KH*NC JBBI9S PtNANG P
      455 words
    • 513 24 GOLDEN LINE GUAN GUAM SMPTMG (TIE) LTD 21. 1M Irr Shwt vmmm um tu sjum (it uhs> STRAITS/PERSIAN GULF SERVICE: s»n r.Mm QOLDEN BEAR CdiwUfltontMMw UfM Rpr Mi i'JLJI ILL I. Jl- ..l/J .1= I Accapttni FCL Cargo to Mai «Nk »0* 0. a E II ■nl at Sharjah QUAN
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    • 311 24 INTRfISEA (PTC) LTD 15 Hoe Chiang Hor: =0 702 03 Snnford Bu'ldng Singapore 0208 T*' 2* ***** <10 I net BREAKBULK SERVICE TO EUROPE/UK SAILED HQ SETE/ROT/ANT U.K. (NUUJ W VI UN MTfANT/BB UX (NULL) liiH»iri INTRASEA (PTE) LTD BOOKING 2MBI R. Lunpyr •INTAM SHIPPING CO. SON. MO. 7W7U Pmmc
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  • Page 25 Advertisements
    • 703 25 FT SW* NEPTUNE AGENCIES PTE. LTD. T«l W» Offka Tarminal CfS 27M77 *****Z2 *****8 FEEU/AUST TP A/SEA 1 27K7S OWC 27HUJ Z7MU Z7MIU m« NEPTUNE ORIENT LINES LTD NEPLINE SON. BHD. 3MH7 NEPLINE SON. BHO. SIOB3 NEPLINE SDN. BHD. «b*(27«*I2KU/127W NEPLINE SDN. BHD. UMMrfUWI FAR EAST/EWOPE RIUY TO EUROPE/UK (VIA
      703 words
    • 499 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG, BUSAN, INCHON No Omtm/Wn In PI EMrnfm 7/4 No I Donon/709N IS/4 *o 7 DHUM/7ISN 17/4 No I oonain/704N »4 Not Dmmmpm 7/5 H Mar/710 12/5 No7oonon/7MN 2*S No I Donon/TVM 2S/5 S PORE AGENTS NEPTUNE AG£NCIES PTE
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    • 536 25 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 ***** SYSTEM CO SON BHD MESSRS HAI THONG SHIPPIHC 127 P—H Stu*. P— I. MtHf Ho irTK MM.
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    • 69 25 \h L/vr japan homckgmc STKAirs NEUOS 2 VIA DEL MEOIOS V JIA MM 3N w. aso mm nu vsiA 7/4 um Gmarai wur tar HV. YoaMmi V.I2A will ba ImM m 2nd April «7 it* MS frw um In. Than will to no fvthar sunny «Aw thfe Mb. SHIBUSAVA MEISHIN
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  • Page 26 Advertisements
    • 293 26 SINGAPORE SHIPPING CORPN.IPTE] LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD VEB DEUTFRACHTSEEREEDEREI ROSTOCK ll' U'.:;i r I'll' 1 V 11-I 1 •"VIA LARNACA: Accepting cargo for Piraeus, Thessaloniki, Izmir, Istanbul, Mersin, Lattakia, Limassol, Beirut, Alexandria, Port Said, Iraqi, Iranian and other Middle-East
      293 words
    • 136 26 OL» ai Sun Hup Co (Ptc) Ltd T f l .'?01»0>- .'0 L rn",| Tt Us I--S v I \N K\ \K I I K M 1 STRAITS/JAPAN/STRAITS SERVICE SPECIALIST IN RO-RO* HEAVY LIFTS IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION ATIMmC tTM V7P MM ta Nrt VI Mfi a*
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  • Page 26 Miscellaneous
    • 163 26 r *v/. St < m m KM Jti Va v •<* y 92 £f \< LLm SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO A.M. THIS MORNING. c^. Wmd direction with speed m knots Wove height LEGEND: RTh u T TT' "C Sho er Weather —Wmd dtfection with speed in knots
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  • Page 27 Advertisements
    • 206 27 Bfflh m CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR 04-*****2/4, *****3 07-*****8, *****8, *****5 07-*****1, *****3, *****5, *****0 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE ,**l J'M u TP rr-n ~i OTHER DESTINATIONS: AARMUS, AMSTERDAM, ANTWERP, BASLE, BREMEN. •REMERHAVEN. COPENHAGEN, HELSINKI. MALMO.
      206 words
    • 811 27 FARGO SHIPPING COMPANY (PTE) LTD A REGULAR EXPRESS FULL CONTAINER AND LCL S C °VICE INBOUND AGENT FOR ABC CONT AINER LINE From USA Val L HUDIG BRUSSEL I Sailed Sailed ETA SINGAPORE 4/4 5/4 DESTINATION UZI I RAT ANA BHUM IliN BUNGA BUTANG 321 JENLINK SRI BHUN 3/4, I*4,
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  • Page 28 Advertisements
    • 503 28 m\ MOT rrv> v ,J!L Mitsui OS K Lines Ltd CONVENTIONAL/SEMI-CONTAINER MORNING GRACE VOY EAA9A OCEAN ELITE VOY. EAA33A ASTRA PEAK VOY. SWA2SA SUBJECT INDUCEMENT RAINBOW AVENUE VOY.WAB2A RIVER OU WAA3SA Rmks Subject Inducement 5 Apr Mombasa. Daressalam 15 Apr Mombasa. Daressalam. Betra 26 Apr Port Louis. Reunion 14 Apr
      503 words