The Business Times, 21 April 1987

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, APRIL 21, 1987 75 CENTS
    12 words
  • 182 1 Exchange rates THE S$ closed firmer at SS2.1340/50 (SS2.1365/75) against the US dollar in the forex market yesterday. It weakened to $3.4829/60 ($3.4686/4724) against E. The local unit also fell against yen and DM. but rose against HK$. It was unchanged against M$ US$= 142.75/85 yen, 1.8110/20
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  • 428 1  -  By FOO CHOY PENG, Chief Reporter ACCOUNTANTS standing for election to their professional body are now required to declare that they are not being investigated for offences involving dishonesty or professional misconduct. BT understands that, in an unprecedented move, the Singapore Society of Accountants
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  • 149 1 AFP JAPAN plans to set up a special US$5 billion fund to help promote the development of hightech joint ventures in Asean, a Japanese newspaper, Nihon Keizai Shimbun, said yesterday. It said Asean exports to Japan totalled US$2O.2 billion in 1985, down 9 per
    AFP  -  149 words
  • 564 1  -  Share offer closes at noon today By AMY CHEOK THE PUBLIC SHARE OFFER by Avimo Singapore Ltd closes today with preliminary indications suggesting that the issue will be subscribed by over 60 times, pulling in close to $2 billion in application funds. That
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  • 176 1 Reuter BEIJING yesterday accused the US of delaying approval for the sale of high-tech products to China. An editorial in the official Beijing Review magazine said the US had approved only 60 per cent of the technology exports China had applied for last
    Reuter  -  176 words
  • 132 1 SINGAPORE shares closed slightly higher yesterday in moderate trading as light profittaking alternated with bargainhunting. A fair number of local bank stocks recorded double-digit gains, while KL stocks came under some profit-taking. Investors generally were cautious ahead of the Umno election this Friday. The
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  • 42 1 PAWNBROKING is a resilient business in spite of modernisation. In many pawnshops in Singapore, the abacus is still commonly used, valuables brought into the shops are still assessed by the eye and receipts are still written out in Chinese characters.
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  • 355 1  -  MISS I'NIVERSE 87 SINGAPORE By GOH YEE LING NO EXPENSE will be spared to make the Miss Universe pageant next month a success in promoting Singapore to 600 million viewers worldwide. The entire event costs $6 .5 million.
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  • 332 1 Reuter A BILL forcing other countries to cut their trade surpluses with the US is very likely to be passed by the House of Representatives next week. "I do not intend to support the Gephardt Amendment (to the trade Bill) myself, but
    Reuter  -  332 words
  • Page 1 Advertisements
    • 122 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM n(* w n te An affordable disposable Fountain Pen! G As o HffSi Vs Transparent Ink Feeder Structured to function exactly like a fountain pen Metal Ball Tip For extra smooth, highly flexible writing signing in blue, black and red. The good, old fountain
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    • 290 1 See Page 8 i m OUR VIEW JUDICIAL MANAGERS will come into being as soon as presidential assent for the amended Companies Act is granted and the new law gazetted. There is clearly a need for the provision of court-appointed judicial managers, but it remains to be seen just how
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    • 293 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Full report, Page 13 Asian Stocks, Page 11 See Back Page DONY LET THE INITIAL PUSH HOME OWNERSHIP We offer home loans without you having to come up with the usual 10% downpayment. Hongkongßank also offers other attractive features: 100% financing (on the valuation
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  • HOME NEWS
    • 591 2  -  By JEFFREY TSANG IN THE TUSSLE to sell rooms amidst the hotel glut, Amara Hotel has come up with a scheme where the public can put money into its rooms as an investment. It is the first and only hotel in Singapore to sell
      591 words
    • 638 2  -  By LISA LEE PRICES OF paper products are expected to rise by 20 to 30 per cent in the next few months in the face of worldwide shortages. Paper suppliers said the cost of importing many grades of paper had already risen by
      638 words
    • 224 2 ONE PICTURE can say more than a thousand words. So the search is now on (or pictures that capture what productivity is all about The aim of the Asean Productivity Photographer of the Year contest, the first of its kind, is to find the picture
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    • 156 2 FOREIGN MINISTER S Dhanabalan is in Bangkok to attend the opening of the 43rd session of the Economic and Social Commission for Asia and the Pacific (Escap). Mr Dhanabalan, who is leading the Singapore delegation, was invited by his Thai counterpart, Air Chief Marshal Siddhi Savetsila.
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    • 85 2 A CAR RALLY to raise funds for the Haemophilia Society will be held next month by the Rotary Club of Raffles City and the Singapore Motor Sports Club. The event is open to the public as well as members of the organising clubs. The entry
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    • 436 2  -  By CHUANG PECK MING FOUR YEARS after the government began to encourage employers to set up child-care centres at the workplace, the idea has still to catch on While about 10 statutory boards and government institutions have gone ahead and set up creches for
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    • 257 2 ARTURO D LAGUNA has been appointed a senior vice-presi-dent of Irving Trust Company, New York, and manager of its newly-created Singapore division. Mr Laguna is also general manager of the bank's Singapore branch office. In his new role, Mr Laguna will oversee the bank s activities in
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    • 402 3 Seminars and courses DURATION TITLE VENUE ORGANISER Apr 25 Bankruptcy, Winding-Up Pavilion InterDatasearch and Receivership Continental Resources Apr 25 Maritime Arbitration Novotel Orchid Singapore Inn Institute of Arbitrators Apr 27 Innovative Marketing Sheraton Towers Heinz Goldmann and Cost-Saving Sales Sales Centre Stragegies Pacific Pte ltd Apr 27-28 Public Relations
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    • 352 3  -  By CHARLES SAVAGE INTERTURBINE Singapore, a local subsidiary of the Dutch Indivers group, is planning a $4 million expansion programme at its Loyang Crescent site The plan was first mooted in 1985. It was not carried out then, said Mr J W
      352 words
    • 498 3  -  Company finds a demand for its instant bird's nest drink and shark's fin soud By BOEY KIT YIN NEW INSTANT bird's nest drink and shark's fin soup in bottles are expected to reap some $7 million worth of sales for a local trading company.
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  • Page 2 Advertisements
    • 122 2 w •>v Jr. .4 n m *w I W? gPMßl■■<♦ 3$ *A a Korean Air u ide-bodied jet takes off from Singapore bound for Seoul. It departs every Wednesday and Saturday morning at 9:35. So you in Seoul in the afternoon. And once you 're in there, who knows what
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    • 126 2 Prompt pick-up and delivery 24 hours a day X\ >*► "J V QjWt April 20-24 Set lunch with special gifts... i 771 For the exceptional secretary, X 9 there is no reward more appropriate than lunch in the elegant atmosphere of Maxim's de Paris. A special 4-course lunch is offered
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  • Page 3 Advertisements
    • 64 3 W-'ve got the name for car rental in Britain SWOODS from: £63 per wk CAR RENTAL Unlimited mileage inclusive VAT Over 20 year's experience Fleet size 1,000 vehicles, all less than one-year old Best service at competitive prices Also available self-drive holtdays (car hotels) in UK ANGLO FRENCH TRAVEL SCENIC
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    • 351 3 KJo much to celebrata So much to shop for. And the good news is that you need look no further than OUB Centre. now over 30 exciting shops bursting with great gift ideas f rom f| ora bouquets to high fashion to dining. Discover them all and you'll discover the
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  • ASIA-PACIFIC
    • 486 4 Reuter A LEADING ECONOMIST has warned of the dangers of rising unemployment in Indonesia as Finance Minister Radius Prawiro said in an interview published yesterday that business had become sluggish and inefficient. Widjojo Nitisastro, a former Economics Minister who was the architect of Indonesia's
      Reuter  -  486 words
    • 183 4 Bernama THE NATIONAL Chamber of Commerce and Industry of Malaysia (NCCIM) is taking steps to strengthen itself to face the challenges of the international marketplace Its president. Dr Nawawi Mat Awin, said last week that a headquarters building to be
      Bernama  -  183 words
    • 287 4 AFP TOP VIETNAMESE Communist Party leader Nguyen Van Linh believes Vietnam should draw inspiration from capitalism regarding management and trade, and says the private sector is "to some extent playing a useful role'' in the country. In a recent interview with a French
      AFP  -  287 words
    • 241 4 Bernama SECURITY MEASURES have been further tightened in metropolitan Manila following intelligence reports that another attack on Fort Bonifacio may again be mounted by anti-govern-ment soldiers. Fort Bonifacio, the Philippine army headquarters, was the scene of the Black Saturday mutiny in which a former sergeant was
      Bernama  -  241 words
    • 851 4 ARRIVALS Operator Sorvic* number Local From MAS MAS SIA CPA GU SU SU SU THAI A/ MAS GU SU SU SU GU AY SU SU LUFT GU SU GU SU GU SU THAI SV THAI CPA KIM SWR MAS GU MAS MAS SU SU SU GU GU
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  • Page 4 Advertisements
    • 200 4 Femand Lacombe preparing a Swissair flight for take-off in 1997. .j K I 5 > 4 <T •>* ft or *i *s» v«\v ,fc > «feV* M k. i i v r *v 4 v.soc <i 4 ,>., > •*V (s*J& >> y'Sfc-/ 4 K v'. 1 1 l »-'>■
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    • 159 4 I I I \rv I The business person's choice, every I I II %I I II Tuesday, Saturday and Sunday. I M w\ I t\ m\ Leaving Chongi Airport at 22:05 1 JVy J- i hours and arriving Heathrow at 06:45 hours the following morning. Call your Travel Agent or
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  • REST OF THE WORLD
    • 556 5 Reuter ARGENTINE President Raul Alfonsin on Sunday night said a four-day army rebellion had ended without bloodshed as hundreds of thousands of Argentinians exploded with joy Alfonsin, 61. had just returned to Government House in Buenos Aires from a face-to-face meeting with
      Reuter  -  556 words
    • 481 5 UPI A SENIOR KGB official admitted on Sunday that damage had been done to Soviet state security in recent years by Soviet citizens recruited by Western espionage services, especially the US Central Intelligence Agency, to betray their country. Colonel Gennadi Ageev, deputy chairman of
      UPI  -  481 words
    • 522 5 Reuter A SENIOR US arms negotiator has warned that a nuclear arms control accord with the Soviet Union is not a certainty despite rising hope that one is possible A senior Soviet official similarly said he was "tremendously cautious" about a superpower agreement.
      Reuter  -  522 words
  • Page 5 Advertisements
    • 42 5 <=jhLo Jaeger-leCoultre* Kef 101 120.1.1 Moon phases" gents' model by Coultre. Automatic movement with complete calendar. Available in SINGAPORE: Sincere Watch Pte Ltd Cortina Watch Centre Nanking Watch Tigress Changi Airport MALAYSIA: C.I L Centre Hilton Hotel Woo Hing Bros(M) Sdn Bhd
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    • 203 5 The world's best hotel now has a sister in Singapore. .1 '.'J y 4. •y i v V• V- u^i>- Jk-^- <%: .W The Oriental, Singapore. Now Open with an introductory offer of 25% off all rates, starting from $150* In Singapore, choosing a hotel on the basis of reputation
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  • Page 5 Miscellaneous

  • BANKING AND FINANCE
    • 541 6 Trade disputes and weak growth spark fears Reuter TRADE SKIRMISHES between the US and Japan, turbulence in the financial markets and weak growth in the main industrial nations are fanning nervous talk of a global recession, but most economists say there is no
      Reuter  -  541 words
    • 136 6 MBT BANK NEGARA keeps a 24-hour watch on the ringgit and is ready to move in to support the currency any time it comes under attack. According to Mr Nor Mohamed Yakcob, manager of the central bank's banking department. the bank is always alert to
      MBT  -  136 words
    • 79 6 Bernama SIX DEPOSITORS of Koperasi Serbaguna Kosmopolitan Bhd, one of the cooperatives whose assets were frozen by Bank Negara, have lodged a police report on alleged malpractices in the cooperative. They were accompanied by DAP National Secretary of the Co-operative Finance Scandal Committee Lim
      Bernama  -  79 words
    • 510 6 Reuter THE ASIAN Development Bank's total lending for 1986 amounted to US$2 billion, a rise of only 4.9 per cent from 1985, because of high debt levels and budgetary constraints among its developing country members. In its annual report for 1986, the ADB
      Reuter  -  510 words
    • 694 6 SINGAPORE: The US dollar closed slightly lower against the yen and major European currencies yesterday after moving within a narrow range in quiet trading throughout the day Sentiment for the dollar remained bearish because of the large US February trade deficit but most operators were reluctant to take
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    • 224 6 Interbank rates at 3pm yesterday: Currencies Nominal rate* Smithsonian Bid Offer cross parity change Local dollars to one unit of foreign currency: US dollar 2.1340 2.1 350 2.8196 -24.28 Sterling pound 3.4829 ***** 7.3469 -52.55 Australian dollar 1.5205 1.5233 3.4286 -55.57 NZ dollar 1.2377 1.2415 3.4286 -63.79 Canodian
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    • 194 6 Indicates the average of the prime lending rates of 12 major banks in Singapore r Interbank market rates (offer/bid) on April 16 us$ DM SWFC Yen 7 days 6 1/2 3/8 9 11/16 9/16 4 3 7/8 11/4— 1 4 1/8 4 1 ml* 6 3/4 5/8
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    • 111 6 THE OVERNIGHT rate on the Singapore interbank market yesterday was not available. The term rates lost !4 point each across the board. c S$ Interbank rates at 7pm yesterday: OHft B-d Ov»fnight 1 month 3 3/4 3 |/2 2-month 3 3/4 3 1/2 3-monfh 3 3/4 3 1
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    • 266 6 ASIAN DOLLAR deposit rates closed steady at opening levels in quiet trading. Dealers said yesterdays closure of Hongkong and most European centres for the Easter holiday also dampened trading interest Short-dates were little changed from earlier levels of 6-5/16 6-3/16 for overnight and Tuesday/Wednesday and 6-1/2 6-3/8
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    • 610 6 JUNE Eurodollar opened 2 ticks lower at 92.97 but traded sideways during the session in quiet trading in view of the Easter holidays in other centres The market ranged between 92 96 and 92 98 in the June contract with the outlook for the Eurodollar remaining still bearish. A
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  • Page 6 Advertisements
    • 95 6 Secretaries' Week V#iu 123 at the Mandarin Singapore Six wonderful days to treat your secretary to a superb four-course set lunch, a fashion show and a cocktail. Perhaps even a prize in an easv-towin quiz. At The Stables, for $35.00 nett per person. Lunch: 12.00 to 2.30 pm Showtime: 1.00
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    • 394 6 HOW TO REDUCE COSTS THROUGH VALUE ENGINEERING r June 24 26,1987(3 days) Value Engineering and Analysis is a powerful, profit-improvement tool for management. It uses an organized, systematic, step-by-step approach to eliminate unnecessary costs. This programme introduces V.E. concepts and techniques and how the application of such will increase profit-power
      394 words

  • WORLD BACKGROUND
    • 839 7 NYT THE PHENOMENON of corruption is like the garbage, Ignacio Pichardo Pagaza said. "It has to be removed daily. We can't make it disappear altogether, but our objective is to lessen its presence within Mexican public administration." As head of the
      NYT  -  839 words
    • 1030 7  -  By BRIAN GOMEZ, Regional Correspondent POTENTIAL JAPANESE retaliation to last week s American imposition of 100 per cent tariffs on a range of Japanese electronic goods would be most potent in the capital markets arena, according to an economic analysis by London-headquartered Morgan Grenfell
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  • Page 7 Advertisements
    • 106 7 Don't look too hard because he's not there. In fact he never was. He's the one already chasing the contract while his fellow associates chase a telephone number. The new text radio pager from Telecoms can also give you this advantage anytime, anywhere. It can do this because, through the
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  • FEATURES
    • 512 8 THE Companies (Amendment) Bill now awaiting Presidential assent has found general acceptability in its broad principles It remains for the regulations which will fine tune the legislation to be drawn up, and for the bill to be signed and gazetted Meanwhile, banKers, lawyers, accountants and company directors
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    • 1510 8  -  By LEE HAN SHIH AFTER BEARING the image of being a lender of last resort for the working class for about 80 years, pawnbroking today has become a financial institution that serves a wide spectrum of society. Annually, it services four million customers, many
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  • Page 8 Advertisements
    • 91 8 THE BUSINESS COMMUNITY Will BE SWITCHED ON TONIGHT... mm mmm. ■■ESh Ssr ami. i Jit m 958* "V 4 I 1 "v ./*sr' 9 Sj& 3* *"3 < >v i /.Th I i •i f >J lEm SaMr- inyi' V P«IS t »I J I V 9 Z 1 ...to
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  • Page 8 Miscellaneous
    • 742 8 CRYPTIC PUZZLE ACROSS 3 The Marx Brothers' smart circle (5) 8 King of the rodents? (5) 10 The prison camp of a convict (5) 11 Catch breaking a ban (3) 12 Positive demonstration of strength of spirit? (5) 13 Sounded thunderous when caught out (7) 15 The poet takes a
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  • SPORTS
    • 316 9 Reuter WIMBLEDON CHAMPION Boris Becker returns to the international tennis circuit at the Monte Carlo Open last week after a two-week break to rebuild his strength. The 19-year-old West German pulled out of the World Championship Tennis (WCT) finals this month after
      Reuter  -  316 words
    • 126 9 UPI GENE LITTLER shot six birdies against three bogeys for a 69 in the final round last Sunday to win the US$3OO,OOO Coca-Cola Grand Slam senior gold tournament. Littler, 56, carded a three round total of 12-under-par 204 and earned the winning
      UPI  -  126 words
    • 397 9 UPI THE BOSTON CELTICS and Los Angeles Lakers, the NBA s two dominant teams this season, are far from certain opponents in the June championship. At least three other clubs the Atlanta Hawks, Detroit Pistons and Dallas Mavericks stand a legitimate chance of
      UPI  -  397 words
    • 443 9  -  By WALTON MORAIS AS STEFFI GRAF stretched her unbeaten run to 22 straight victories, the promoters of the Carlsberg Singapore Women's Open were announcing that one of her previous conquerors, Anne Minter. would be participating in the US$5O,OOO tournament this month. Minter, although nowhere near Graf's
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    • 338 9 UPI STEFFI GRAF of West Germany extended her winning streak to 22 matches last Sunday with a 6-3, 6-4 victory over Hana Mandlikova of Czechoslovakia to retain her title in the US$3OO,OOO WITA championships Graf, who collected US$4O,OOO, lost only 17 games last week "I think this
      UPI  -  338 words
    • 247 9 AP SEVERIANO BALLESTEROS bounced back from his Masters playoff defeat to win an extra hole battle with Welshman lan Woosnam last Sunday and take the U*****,000 Cannes Open golf tournament. The 30-year-old Spaniard birdied the last hole to send the tight two-day battle into a playoff
      AP  -  247 words
    • 177 9 AP MIKE McCALLUM retained his World Boxing Association ju-nior-middleweight title last Sunday with a 10th-round technical knockout over Milton McCrory in a nationally televised fight. Referee Joe Cortez stopped the scheduled 15-round bout at 2:20 of the 10th with a bloodied McCrory slumped against the ropes
      AP  -  177 words
    • 503 9 AP DAVIS LOVE 111, sitting in the scorer s tent, won the Heritage Classic last Sunday when leader Steve Jones drove out of bounds and scored a double-bogey six on the 72nd hole Jones, holding a one-stroke lead and needing only a par
      AP  -  503 words
  • Page 9 Advertisements
    • 131 9 /a. S lALIGOLF HOLIDAY 3DAYS/ 2NIGHTS FROM $699 (Twin-Sharing) V -Just imagine... Golfing this weekend on a course set in the Crater of an extinct Volcano 3700 feet above sea-level. Jet away to Bali Handara to 100 hectares of gently sloping greens and fairways. Located beneath a towering mountain of
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  • Page 9 Miscellaneous
    • 1378 9 m sm mm TUESDAY PREMIERE The Imagemaker 10.30pm, Channel 5 m a ST PM SBC Text Sample Pages. Opening and Programme Highlights followed by Two Of Us (C, r). The Adventures of Portland Bill. Captain Cookaburra. The Electric Company. Share a Story (r). Those Amazing Animals (Last episode, r). Selera
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    • 29 9 Play golf the Sevvy way T/GUT AT IMPACT fpssiq?' MOLy -look #YT FAS*€LC THE TiMC if •/§> if I'm lAle. once i Ha>c| to SUFFER Dgatvi or •000 curs m
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  • INTERNATIONAL COMPANY NEWS
    • 865 10 NYT PROPOSALS for social action and challenges by powerful institutional investors to antitakeover plans are on a record number of annual meeting agendas in the US this year, according to organisations that monitor shareholder resolutions. The attention has focused on several large pension
      NYT  -  865 words
    • 343 10 NYT WALL STREET analysts are predicting continued growth for the second quarter and second half of 1987 for leading computer manufacturers, some of whom reported strong results last week. With the exception of stron-ger-than-expected sales for Apple Computer Inc and IBM, there
      NYT  -  343 words
    • 78 10 NYT MERRILL LYNCH Capital Partners Inc has received commitments from three major banks for US$3 4 billion in financing for its US$4B 50 a share acquisition of the Borg-Warner Corp. Bankers Trust Co. Morgan Guaranty Trust Co and First National Bank of Chicago have agreed
      NYT  -  78 words
    • 679 10 Reuter A LONG and costly campaign to remain the number one US business magazine is finally beginning to pay off for Business Week. Long considered unchallengeable, the venerable magazine. first published in 1929. has spent much of the past four years fending off raids
      Reuter  -  679 words
  • Page 10 Advertisements
    • 165 10 m ~V H IF, 91 m •r 'Mi =aac aß=z==^^^ T ifip b--"' PROFESSIONAL SECRETARIES WEEK '87 presented by Royal dnw Singapore April 20 24, Garden Ballroom (2nd floor) Exciting entertainment by beautiful dancers in colourful costumes who will sashay and gyrate to the pulsating Latin music. It's not a
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    • 120 10 International Secretaries' Week Captivating fashion shows, attractive door gifts and beautiful Lucky Draw prizes to the T accompaniment of a superb lunch at the refined Manhattan Grill. $27 per person Subject to 10% service charge For reservations, please call *****11 ext Z BOULEVARD HOTEL SINGAPORE 200 Orchard Boulevard Singapore 0124
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    • 87 10 ALL YOU WANT rV^IZ per person Lunch 12 181, Kitchener Road, Singapore 0820. Tel: *****22 5^12 m w SUPER-VALUE SEMINAR PACKAGE For Ss2o nett per person per day, all these complimentaries: Seminar Rooms, beautifully arranged per your instructions Overhead Slide and 16mm Movie Project Screen Video Recorder Television Car Parking
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    • 75 10 SHOKADO isemsm 12 different sets of Japanese lunches priced from $10+ to $20+ per set Lunch: 12 Noon 2.30 pm Dinner. 6.30 pm -10.30 pm HHFURAMA ■H" SINGAPORE HOTEL 10 Eu Tong Sen Street Singapore 0105. Tel: 533 3888 novotel orchid inn j&T&enb m m 1H 5m Chef Bidou «-v*w
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    • 284 10 Dear Boss, Here are some little remitiders from us to you for your dear secretary. At Cafe de Prince lunch and dinner buffet of no less than 40 local, western and Muslim favourites: $16. Or let her pick all the fresh fruit and salad stye can eat in our first
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  • ASIAN STOCKS
    • 318 11 APR 20 NT S AM Sincere Indus 4 74 -0 01 Asia Cement 44 10 1 7 Cathay Cons 53 00 32 Chang Hwa Bank 73 50 unch Cheng Loong 45 30 1 9 Chia Hsin Cement 40 40 1 9 Chin Hsin Flour 17 10 -0 7 China
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    • 187 11 Reuter BANGKOK: The Stock Exchange of Thailand Index was down 3.08 to 241.13 on a turnover of 2.089.211 shares worth a total of 218 9 million baht. Reuter Hongkong, Sydney markets were closed for Easter holidays APR 20 BAHT 1Ao Kham Thai 198 -2 Ayudhya Investment 288 -2 Bangkok
      Reuter  -  187 words
    • 100 11 APR 20 PESOS Acoje Mining -0 001 Anglo Phil 0 007 Apex Mining B 007 -0 0025 Atlas Con B 26 1 Baguio Gold 0 0055 ur»ch Basic Petroleum 0014 -0 001 Benguet Con B 173 -10 First Phil Hldgs 830 -0 1 Lepanto B 023 unch Marcopper 1
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    • 654 11 TOKYO: Shares ended easier in quiet trade on profit-taking, after the index earlier hit record levels over 24,000. Brokers said the market was due to fall after surging more than 1,000 points over the previous four sessions. The market average closed 43.13 points down at 23,895.22, after touching a
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    • 133 11 APR 20 WON *h Cheil Sugar 3050 -30 Daelim Ind ***** 1280 Daewoo Corp 1035 -10 Daewoo Heavy 1250 -40 Daishm Securities 3712 -38 Dong Ah Phar ***** -560 Dong Suh Stock ***** 10 Dongbu Steel 2190 -62 Gold Star 1775 -9 Hanil Bank 1240 unch Hanil Cement *****
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    • 359 11 AFP THE FORMER CHAIRMAN of San Miguel Corp (SMC) has denounced as an "under the table deal" an agreement to sell SMC stock to the Bond Corp of Australia. SMC, a beer-based blue-chip multinational, meanwhile reported a pre-tax income of 1.28 billion pesos
      AFP  -  359 words
    • 96 11 Bernama STATE-OWNED company PT Gadjah Tunggal of Indonesia plans to export US$l7 million worth of tyres to 20 countries this year. Gadjah Tunggal's tyre exports would account for 85 per cent of Indonesia s total export of the products targeted at US$2O
      Bernama  -  96 words
    • 56 11 Reuter INDUSTRIAL EQUITY (PACIFIC) Ltd, a Hongkong investment firm, raised its stake in Calmat Co to 3.712,860 shares from 3.312,460 shares. In a filing with the Securities and Exchange Commission, lEL, owned by Brierley Investments, said it bought 400,400 Calmat common shares between April 9
      Reuter  -  56 words
    • 225 11 Reuter JAPAN AIR LINES (JAL) shares fell sharply yesterday on news that the airline will lose money from a long-term dollar futures contract which locked it into buying dollars for yen at an unfavourable rate, brokers in Tokyo said. The stock
      Reuter  -  225 words
    • 117 11 Reuter SONY CORP of Japan plans to launch a US$l5 million project in Bangkok soon to produce video and music cassette tapes mainly for export. Mr Chira Phanupong, head of Thailand's Board of Investment, said Sony would probably receive investment tax incentives from his
      Reuter  -  117 words
    • 200 11 Reuter THE INDIAN GOVERNMENT has begun an inquiry into alleged evasion of customs duties by textile company Reliance Industries. Minister of State for Finance. Brahm Dutt. told Parliament last Thursday Reliance, ranked fifth among India s companies not controlled
      Reuter  -  200 words
  • Page 11 Advertisements
    • 207 11 t iwy# X > v.,.. JS -r- r r ~v> w #i=p Start of A New Experience Kinta-Mam Delightful Indonesian meals' Our specialties include Charcoal Grilled Seafood. GadoGado Sate iSatay). spicy Rendangs. Ayam Goreng. Chendol and more! Tickling your palate with an authentic Indonesian cuisine is only half the experience.
      207 words
    • 140 11 übertius (§riU h Prime US Rib of Beef, as good as ever, at only $19.50. Due to overwhelming response, we are extending our dinner offer of prime US Rib of Beef at $19.50 until April 30ttv Carvea at your table side, with braised onions, baked Idaho potatoes and a green
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    • 145 11 I international Secretaries' Week Cafe Vanda presents SINGAPUQA O" 1 I 1*!*. JE#» 1 IS I t? i* CO SV'i Level 4 'st£' Paramount Hotel. Manne Parade Roaa Tel *****77 High Tea $7 3pm 6pm daily y Bosses, > k Your Secretary she's e^c ent she's your right hand, she's
      145 words
    • 192 11 SECRETARIES WEEK APRIL 20-25 AUSTRALIAN DESIGNERS HONOUR SECRETARIES A week-long tribute to the Secretory in special buffets, luncheons, teas Giveaways fashion shows designer clothes Australian models nrxxe giveaways Crystal Ballroom: Lunch Buffet, show by Australian designers Sally Browne. Andrea Lee. Brian Rochford with models from Darwin Academy of Modelling Imp
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    • 222 11 iicr/fth of Xever Disco Lounge lets drink to THE GOOD OLD Enjov a musical extravaganza of the 40's, 50s, 60s and 70s. And your favourite drinks at bar prices. No cover charge. From 3pm daily. kL« Ikelfth of Sever TTTWTTTTTI Peking 6 Sichuan Restaurant HOKKIEN-PORRIDGE If! DINNER/SUPPER Buffet Style rom
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  • COMMODITIES
    • 452 12 AP GOVERNMENT SUBSIDIES of US grain exports, a programme targeted at Western Europe, may have hurt non-subsidising nations such as Australia. Argentina and Canada by lowering prices, the US General Accounting Office says. The GAO conducted the report on the US Export Enhancement
      AP  -  452 words
    • 191 12 Bernama ES A LEADING German rubber manufacturer, using a speciallyadapted Standard Malaysian Rubber (SMR), has successfully produced a new system of highperformance matting for reducing the impact and vibrations from trains running on underground railway tracks. The Rubber Research and Development Institute of Malay-
      Bernama ES  -  191 words
    • 201 12 Bernama ES TWO EXPERTS from the US International Trade Commission are in Kuala Lumpur to find out whether the Malaysian palm oil industry is subsidised and is involved in dumping, Malaysian Primary Industries Minister Datuk Dr Lim Keng Yaik said
      Bernama ES  -  201 words
    • 630 12 AFP, AP WHILE economic growth and lower prices are combining to help world crop production increase, trade in most commodities is managing just a weak recovery. But the US is recovering some of its lost share of world markets, thanks in part
      AFP,; AP  -  630 words
    • 156 12 Reuter CHINA has announced curbs on private gold prospectors in an attempt to halt smuggling estimated to keep gold worth US$9O million a year out of the national treasury. The China Daily said last week that the Metallurgical Industry Ministry had issued regulations
      Reuter  -  156 words
    • 310 12 AFP THE TEXTILE industry in Shanghai, China s biggest production area, is threatened by a shortage of cotton, the English-language China Daily newspaper has reported. Shanghai producers were unsure of finding enough cotton to continue production in the second half of the year, it
      AFP  -  310 words
    • 270 12 CRUDE palm oil futures closed marginally higher in quiet and sluggish trading on the KLCE yesterday. However, the market was continuing its lacklustre performance. May rose Msl to M 5746 per tonne while June was Ms 2 better at Ms74l and July was up Ms 2 at Ms73B
      270 words
    • 246 12 Chinese Produce Exchange Sellers' noon dosing prices on April 20 (SS/100 kg) Coconut oil Bulk FOB 88.00 Old drum FOB 98.00 New drum FOB 102.00 Copra Mixed (loose) 50 sellers Pepper Murrtok white FOB NLW 1100 00 Sarawak white FOB foq NLW 1085.00 Sarawak special block FOB NLW
      246 words
    • 73 12 IT WAS very quiet across the barrel as Europe remained on holiday and a bunkering seminar took place in Singapore. Crude (FOB origin) US$/barr*l Chang# Dubai (Jim) 16.85 -0.15 W»*t Texas ln»*rm*dia»*. WTI (June) 18.13 -0.05 Products (FOB S'pore) US$/borr*l Chang* Know* 19.50 unch Gaioil 20.20 undi
      73 words
    • 57 12 SINGAPORE Closed MALAYSIA Closed TOKYO Rubber futures closed narrowly mixed. Spot April and nearby May lost 0.4 to 0.1 yen per kilo respectively. Other months gained 0.1 yen to 0.8 on fresh buying. Turnover totalled 748 lots of five tonnes. A ihhg RUBBER Closing prices on April 20 (cents/kg)
      57 words
    • 86 12 THE PRICE OF TIN on the Kuala Lumpur tin market closed unchanged yesterday at Friday's level of M 516.63 per tonne. At the opening, about 61 tonnes were offered at last week's closing level while bids were noted at 65 tonnes. After a brief session, the final turnover
      86 words
    • 168 12 HONGKONG: Closed yesterday for Easter Monday. LONDON: Closed TOKYO: Yen-denominated gold futures closed 12 to 26 yen per gramme higher yesterday after prices opened narrowly mixed. Yen-based prices were boosted on fresh buying by private investors. International bullion was US$444 50/5.00 an ounce compared with US$443 70/USS443 20
      168 words
  • Page 12 Advertisements
    • 340 12 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 185) AND IN THE MATTER OF EKA LINGGA FPRASASTA TRADING (S) PTE. LTD. (In Liquidation) (Members' Voluntary Winding-Up) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 6 Link Road. Jurong, Singapore 2261 on Wednesday, the
      340 words
    • 309 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 185 WEALTH ENTERPRISES (PTE.) LTD. (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of WEALTH ENTERPRISES (PTE) LTD duly convened and held at 115, Joo Chiat Place, Singapore 1542 on the 16 day of April 1987, the following Special
      309 words
    • 255 12 THE COMPANIES ACT, CAP. 185 IDL SINGAPORE (PTE.) LTD. (IN MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Company held at 50 F Hopewell Centre, 183 Queen'a Road East, Hong Kong on 15th April 1987 the following special resolutions were passed:<a) That IDL SINGAPORE (PTE.) LTD. be woundup
      255 words
    • 365 12 UNITED MALAYAN WAREHOUSE PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING (Pursuant to Section 308(1)) NOTICE IS HEREBY GIVEN in pursuance to Section 308 (1) of the Companies Act. Cap. 185. that a general meeting of the above named company will be held at 9 Penang Road
      365 words
    • 163 12 Kleinwort Benson 1986 was another record year, the third in succession in which our Group profits have increased at a steady and substantial rate. Disclosed profits before taxation have increased by 31%... we advanced our plan for becoming a major competitor in the securities market while maintaining and developing our
      163 words

  • SHARE INFORMATION
    • 4476 13 SHARE PRICES on the Singapore stock market ended higher yesterday in fairly moderate trading. Malaysian stocks which had been in the limelight for the past week came under light profit-taking but that was well absorbed Some Singapore blue chips recorded substantial gains even
      4,476 words
    • 262 13 Rises SINGAPORE Indices DBS 1320 MolofcoM 300 Dutch Soby 700 Seoeorp 50« 250 f N 965 She# 490 S 1 A 1200 1 C S 1020 O C 8 C 940 Its 730 Spore land 625 '•Hit Wont 515 Sel Coconuts 220 Falls Goodwood Port 1000 Sunrfiine
      262 words
    • 4085 13 810 and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "SETT"
      4,085 words
    • 249 13 INCH KENNETH KAJANG Rubber Public Limited Company: 77th AGM at 5th Floor, Straits Trading Building, 4 Leboh Pasar Besar, Kuala Lumpur, Malaysia, today at 4pm. THE INSURANCE Corporation of Singapore Limited: 17th AGM at the DBS Board Room, 46th Storey, Tower Block. DBS Building, 6 Shenton Way, Singapore
      249 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 452 14  -  By AMY BALAN DBS BANK is expecting strong demand for loans from the manufacturing sector as the Republic receives more investment commitments. DBS Bank, which has always showed a strong bias towards the manufacturing industry, said loan demand in 1987
      452 words
    • 346 14 Bernama ES MAGNUM FINANCE Bhd has signed an agreement with Koperasi Wanijaya Malaysia Bhd to take over the assets of the cooperative society worth MsB.7 million and to undertake to make a full refund to its depositors. Magnum chairman Tan Sri Khir Johari said the
      Bernama ES  -  346 words
    • 413 14 GAMING GROUP Magnum Corporation Bhd is taking a long-term view of the property market in Malaysia with its proposed M 550.62 million takeover of Multi-Purpose Bersatu Development Sdn Bhd (MPBD). MPBD's main assets are three adjacent parcels of land totalling 573 hectares (collectively
      413 words
    • 505 14 AN EARLY LEAD faltered for want of follow-through support and share prices fell back to close mixed to steadier on the Kuala Lumpur stock market yesterday. Gains, though mostly 10 cents or smaller, still outshone losses which were marginal. Scattered dou-ble-digit gains were
      505 words
    • 2442 14 INDUSTRIALS Acmo *****1 Ajinomoto (***** cd Alex Hldg (—1 A (com 1758 7651 (71 74 (17) 75 AISB *****) (37) 111 (51 110 (27) 112 API (72 56 7451 19) 72 5 (16) 73 ASM (2375) (271 238 (71 239 (261 237 Antah ***** 3IOSI
      2,442 words
    • 118 14 HONGKONG Hongkong Index Mondoy Closed Friday Closed Week ogo 1739 24 Hang Seng Index Mondoy Closed Friday Closed Week ogo 2708 94 All Industrials Monday Closed Friday Closed Week ogo 2632 1 NEW YORK Dow Jones Friday Closed Thursday 2275 99 Week ogo 2338 78 TOKYO Nikkei Average
      118 words
    • 274 14 Managers' prices MARA-Bumiputra for April 21 First B'putrO 627 632 Second B putro 540 545 Singapore Unit Trust Third B'putrO four*h B'putra 440 504 445 509 The Commerce 1 06 1 14 Fifth B'putra 317 3 22* The Sovngs Fund 091 098 S«*tfc B'putrO 345 350 S'por« Prog
      274 words
    • 719 15 mm a By HOCK LOCK SIEW LITTLE OVER A YEAR AGO, investment wallahs used to while away long gaps between stock market action theorising on which property company would be the first to go to the wall. A corporate collapse looked inevitable, they reckoned,
      By HOCK LOCK SIEW  -  719 words
    • 204 15 Bernama CAPITAL MARKETS are becoming increasingly global with interest in a company's performance no longer restricted to the geographical domicile of its head office. The chief executive of the Kuala Lumpur branch of Citibank NA. Mr Hari Hariharan, pointed out that investors now took
      Bernama  -  204 words
    • 600 15  -  Result marks return to growth path By NAJEEB JARHOM AFTER TWO YEARS of lower profits, Tat Lee Bank has convincingly reverted to the growth path with its fiscal 1986 results showing group net attributable profits of $9.77 million. This was about a third
      600 words
    • 1434 15 Current payment Ex date Book* CloM ii Total tor the year Total to last yea A B N A Enterprises Acmo Ajinomoto Amcol Asiatic De* BAT Bata Batu Lintang Batu Lintang Bedford Bonvests HIdgs Boustead C 1 Holdings C Properties Carlsberg Oty Dev Cold Store Cons Plant DBS
      1,434 words
    • 91 15 Reuter THE KUWAIT Investment Office (KIO) had increased its stake in Sime Darby Bhd to 64.38 million shares, representing 6.94 per cent of Sime's paid-up capital, from 63.72 million shares. Malay&n Banking Bhd announced yesterday. KIO has been aggressively buying Sime Darby shares
      Reuter  -  91 words
    • 336 15 SHANGRI-LA Hotel Ltd s 20 per cent-owned namesake affiliate in Hongkong has enjoyed another profitable year with after-tax profits of about HK$l2O million in 1986 Disclosing this in his latest annual statement. Shangri-La s chairman, Tan Sri Philip Kuok Hock Khee, said the Hongkong
      336 words
  • Page 14 Advertisements
    • 1153 14 Straits Steamship Company Limited NOTICE OF ANNUAL GENERAL MEETING ALL MEMBERS ARE CORDIALLY INVITED to attend the Annual General Meeting of the Company which will be held in the Straits Room, 10 Collyer Quay #29-00. Ocean Building. Singapore 0104, on Wednesday. 6th May 1987, at2.3op.m. to transact the following businesses:
      1,153 words

  • Page 15 Advertisements
    • 111 15 K Keppel Corporation Limited (Incofporated in the Republic of Singapore) TO: ALL BONDHOLDERS (1) U5550,000,000 6 3 Convertible Bonds due 1992 (2) U5575,000,000 4% Convertible Bonds due 1997 SUSPENSION OF BONO CONVERSION NOTICE IS HEREBY GIVEN that the above Bonds will not be convertible during the period 9 May 1987
      111 words
    • 760 15 B Keppel Corporation Limited NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Nineteenth Annual General Meeting of the Company will be held at the Company's registered office, Keppel Corporation Limited. Administrative Building, 325 Telok Blangah Road, Singapore 0409, on Thursday, 7 May 1987 at 2.30 p.m. to
      760 words

  • 332 16 SINGAPORE is set for closer ties with Saudi Arabia and Oman, especially in the fields of communications and trade This followed a 10-day visit by Dr Yeo Ning Hong, Communications and Information Minister, to the two countries during which
    332 words
  • 477 16 US-Japan trade dispute must be contained Yeutter US-Japan trade dispute must be contained Yeutte Reuter THE TRADE CONFLICT between the US and Japan must be solved by efforts on both sides and must not be allowed to blow up into a trade war, US Trade Representative Clayton Yeutter said in
    Reuter  -  477 words
  • 294 16 Reuter US COMMERCE SECRETARY Malcolm Baldrige said yesterday that trade sanctions against Japanese exports illustrated a tough stand against unfair international trade practices. Speaking at a luncheon held by South Korean businessmen, Mr Baldrige said that Seoul should further open its markets if it wanted to
    Reuter  -  294 words
  • 96 16 Bernama SINGAPORE'S first Deputy Prime Minister Goh Chok Tong arrived in Seri Begawan yesterday for a three-day official visit to Brunei Darussalam. He is seen here with Sultan Sir Muda Hassanal Bolkiah at the Istana Nurul Iman. Mr Goh was accompanied by
    Bernama  -  96 words
  • 413 16  -  By LUCY NG LIKENING IT TO "putting a rotten apple into a box of good apples Sarawak's re-elected Chief Minister said yesterday that he would only readmit the breakaway faction that contested against him in last week's state election if
    413 words
  • 201 16 AFP FORMER Malaysian Prime Minister Tunku Abdul Rahman said yesterday that he favoured a change in Malaysia's leadership, three days before the United Malays National Organisation holds triennial polls. Tunku Abdul Rahman said "only a change can help Malaysia recover from its
    AFP  -  201 words
  • 316 16 Reuter, UPI THAILAND yesterday accused South Korea of putting up protectionist barriers against agricultural products and urged Seoul to reconsider its policies. Thai Foreign Minister Siddhi Savetsila, during a meeting with his visiting South Korean counterpart, Choi Kwang Soo, criticised a new 5 per cent surcharge
    Reuter,; UPI  -  316 words
  • 91 16 Reuter COMEX silver futures reversed direction early yesterday to post gains of up to 25 US cents on a burst of short covering by local traders following a brief downturn on selling by managed fund traders. In a lively market, silver for delivery in May ran up 25
    Reuter  -  91 words
  • 64 16 Reuter WALL STREET stocks opened higher yesterday as the market regained some of the ground lost to program selling late last Thursday. Last Thursday, the Dow Jones Industrial Average fell six points to 2276 on sell-offs due to double expirations of stock and futures options. Yesterday, the
    Reuter  -  64 words
  • LATE FILE
    • 58 16 AFP THE US IS READY to collaborate with other industrialised nations to stabilise the dollar, Treasury Secretary James Baker said yesterday. "The seven major industrial nations of the world would like to see stability of the exchange rates around current levels and are prepared to
      AFP  -  58 words
    • 48 16 Reuter JAPAN'S Deputy Prime Minister yesterday proposed a big cut in a planned sales tax expected to damage the ruling Liberal Democratic Party in local elections next Sunday. Shin Kanemaru suggested that the tax be one per cent rather than the originally proposed spc.
      Reuter  -  48 words
    • 47 16 Bernama ES PENINSULAR Malaysia recorded a substantially higher trade surplus of MSBII.I million for the first two months this year. This was a 38 per cent increase compared with M 5587.9 million for the same period last year, according to the Statistics Department.
      Bernama ES  -  47 words
    • 60 16 Reuter INDONESIA will not finish counting votes until six weeks after polls close in Thursday s general election, but initial results will be made public immediately, Home Affairs Minister Suparjo Rustam said yesterday. He said that representatives of the three parties would be permited
      Reuter  -  60 words
    • 33 16 A NEW pension system to better meet the needs of China's aging work force will go in effect in most of the country by the end of the year.
      33 words
    • 35 16 AFP CHINESE leader Deng Xiaoping yesterday told EMS Namboodiripad, secretarygeneral of the Communist Party of India (Marxist), that the border dispute between the two countries should be settled "reasonably AFP
      AFP  -  35 words
  • Page 16 Advertisements
    • 83 16 s'B -V* Only at Scruples Explore Scruples. Discover designer originals in rattan and wicker. A dream collection ot 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 the finest. Business hours: 10am 6pm
      83 words
    • 299 16 The threat to capital markets, Page 7 The Come* gold report was not available at press time Personal Computers Licensed MS DOS Licensed Phoenix BIOS Of course everybody Knows that DATAMINI operates on fully licensed DO5 and 8105. Nevertheless, we would like to remind you of the fact that in
      299 words
  • Page 16 Miscellaneous
    • 50 16 Outlook: Showers over several areas in the afternoon. Report for 24 hours prior to 7.30pm on April 20 at the airport: Maximum temperature 34.4 Associated humidity 53 Minimum temperature 24.7 Associated humidity 94 Hours of sunshine 9.6 Rainfall in millimetres nil Rainfall this month 41.9 Rainy days this month 7
      50 words

  • SHIPPING TIMES
    • 537 17  -  By JUNE LIM Singapore must aim to be the number one bunkering port for Asia, even as Rotterdam is the leading port for Europe and Los Angeles for America, said Port of Singapore Authority executive director Wong Hung Khim. "This is
      537 words
    • 186 17 Reuter THE JAPANESE National Council of Harbour Workers Unions said its members would start an indefinite strike today which would halt container movements in nine Japanese ports. A council official said the council had told the Japan Harbour Transportation Association of its decision.
      Reuter  -  186 words
    • 112 17 AFP SOUTH KOREAs top shipping magnate, Park Ken-Suk, killed himself on Sunday by jumping out of his 10ith-floor office window in downtown Seoul, friends said on Monday. Mr Park, 59, chairman and chief executive officer of Pan-Ocean Shipping Co, was said to have been deeply
      AFP  -  112 words
    • PORTSIDES
      • 80 17 THE PORT OF LIVERPOOL is increasing port charges by 3.5 per cent from May 1. The increase applies to dues on vessels, goods, master porterage and stevedoring, but for the second successive year conservancy rates will be unchanged. A Mersey Docks and Harbour Company spokesman
        80 words
      • 93 17 AFP A FIRE caused slight damage on Sunday night to a car ferry making the run from Dover to Boulogne, but there were no injuries, the ship's owners. Townsend Thoresen. said It said an electrical fault ignited the fire in a winch motor in the bow
        AFP  -  93 words
      • 82 17 Reuter NEW foreign shipbuilding orders received by Japanese yards in March fell to three vessels totalling 125.900 gross tons from six ships of 329,999 in February and from seven ships of 186.400 tonnes a year earlier, the Japan Ship Exporters Association said. The backlog of orders at
        Reuter  -  82 words
    • 1172 18 The freeport concept goes back some 3,000 years to the Phoenicians. The 480 freeports worldwide currently account for more than 20 per cent of international trade, an increase of 10 per cent from 1981. Examples in Asia have shown that the success of
      FT  -  1,172 words
    • 310 18  -  By KINGSLEY WOOD THE Belgian-based ABC Containerline has praised the Port Authority of Singapore for its handl'ng of Ellen Hudig. the line s first ship to call at the port as part of its round-world trade Mr Terry Carver, ABC representative in
      310 words
    • 174 18 AFP BRITAIN has concluded a secret £800 million (US$l.2B billion) deal to sell three ultra-sophisticated frigates to Pakistan, the Times of London reported. The UK Defence Ministry refused to confirm the sale of the "Type 23" vessels, while the Pakistani embassy
      AFP  -  174 words
    • 743 18 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean IX 4 Alltrons VII 3 Anro Service IV 23 ANL 1 1 2 A PC Line V 4 API III 2 3 ASCI III 1 Balt-Canoda line VII 4/5 Bolf-Orient Line VII 4
      743 words
    • 673 18 AP KUWAIT confirmed on Sunday it is chartering tankers from "friendly countries" and registering its own tankers under their flags in a bid to stop Iranian attacks on its ships in the Gulf. A Kuwaiti Foreign Ministry
      AP  -  673 words
    • 217 18 GERMANISCHER Lloyd has published a revised edition of its rules for stowage and lashing of containers on board ships The new edition replaces the 1983 version and is available in German and English. Germanischer Lloyd published the first edition of its
      217 words
    • 173 19 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line
      173 words
    • 158 19 AFP THE CRIPPLED livestock carrier Corriedale Express was to head for repairs in Dammam on Sunday after being attacked last week in the Gulf by gunboats. The local Saudi Gazette newspaper said on Sunday that the Corriedale Express was carrying 35,000 sheep
      AFP  -  158 words
    • 374 19  -  By G DURAIRAJ A MARKETING team from the Kelang Container Terminal will leave Kuala Lumpur on Thursday to meet with a number of shipowners in Japan, South Korea. Taiwan and Hongkong to promote the container terminal in Port Klang. The team,
      374 words
    • 363 19 FT THE JOBS of 1,850 workers at Govan Shipbuilders on the Clyde will be virtually guaranteed for the next two years by an order from the People's Republic of China for two 46,000-tonne container ships. The contract, valued between £45 million to £50
      FT  -  363 words
    • 115 19 SAUDI Arabia has made effective new limits on the length, width and weight of lorries and trailers at the end of a transition period given to hauliers to make the necessary adjustments. Hauliers had been given a breathing space until the end of 1986 from
      115 words
    • 204 19 April 21 Review of the various methods of improving the underwater efficiency of a ship, Institute of Marine Engineers technical meeting, 1415 hrs, 76 Mark Lane, London EC3. April 22-26 Sixteenth Annual Conference of the Marine Librarians' Association Safety at Sea to be held aboard Danish Seaways Britannia
      204 words
    • 269 19 AFP RATES were unable to maintain their recent improvement on the tanker charter market during the past week as demand ebbed ahead of the long Easter break London brokers E A Gibson pointed out that much of the recent increase in earnings for large units in the Gulf
      AFP  -  269 words
    • 294 19 Reuter HOPES OF REFLOATING the disaster-stricken British car ferry Herald of Free Enterprise and quickly establishing a final death toll have been dashed by a technical setback, official spokesmen said. Spokesmen for owners Townsend Thoresen and the salvage firm Smit Tak said
      Reuter  -  294 words
    • 8396 24 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      8,396 words
    • 1595 24 AT CONVENTIONAL WHARVES Vessel Berth Arrival Departure KEPPEL WHARVES Aoooos <19 olongside 23 04 2300 Dos Or.ente <20 oiongside 21 04 0600 Hughevere" <21 alongt.de 22 04 0600 iohneverett <27 alongs.de 2204 0600 •Coto A gong <30 alongside 24 04 0600 Koto Pa a <32 alongside 21
      1,595 words
  • Page 17 Advertisements
    • 948 17 v? Thf r^txit£ai-Tf '»>?.• V *-i» Mammoth Hunters Jean M. Auel M CORONET BOOKS Available at all Good Bookshops [(SkJ STP Distributors 2 Jufong PVv-t Road Sngapox ?261 A 01 '>» W, Wv OOCL OVEIQEAS CotUfjfiM LINE WW MROINE SHIPPINC AGENCIES (*H °2* 200 Cwtonmwt Ro«d #12-05 Southpomt. 0208 T«l
      948 words
    • 78 17 mm BRITAIN'S freeports of free trade zones are going through decidedly mixed fortunes after a prob-lem-strewn infancy. Page II A MARKETING team from the Kelang Container Terminal will leave Kuala Lumpur on Thursday to meet with a number of shipowners in Japan, South Korea, Taiwan and Hongkong. Page 111 Index
      78 words
    • 1041 17 &0 FESCO LINES FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Re Ltd TEL: 535 2333 MAERSK LINE EUROPE The Direct Line Towards A Weekly Service Port I Kelang Penar^ This ween Luna M Closing Times CY 214 0600 HPS CFS 22
      1,041 words

  • Page 18 Advertisements
    • 305 18 OUTBOUND TO NORTH CONTINENT COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO MEDITERRANEAN AND EUROPE ALSO ARABIAN GULF AND INDIAN SUB CONTINENT VILLE D'URANUS VILLE D€ PLUTON VILLE DE SATURNE Alio accepting cargo to all U K destinations. Scandinavian (Aartius. Copenhagen Gothenburg) and other European Inland points OUTBOUND TO
      305 words
    • 18 18 Lines and services represented by Members of the Registry of Accredited V Shipping Agents. Singapore National Shipping Association
      18 words
    • 419 18 EUROPE/FAR EAST CONVENTIONAL SERVICE VSL IE CHANG LING AGLAIA 7 SCAN VENTURE SOCRATES I jmuKtefi Bremen Lubeck-Hamburg TEL: 03-*****50 MALAYSIA SON. BHD. TLX: ***** MTM PT KLANG Further load/ discharging ports en route subiect to sufficient inducement Singapore Office: MTM S pore Tel *****00 Tlx RS ***** MTMSEA Fax: *****45
      419 words

  • Page 19 Advertisements
    • 1040 19 The Straits Steamship Group Mansfield Container Shipping Pte Ltd STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok P&OCLjqtC P&O Containers Limited CONTAINERSHIP SERVICES TO/FROM BANGKOK COWTAIfgRSHP SERVICE TO UK/COWTIWEHT: S port P.Klang S'ton H'burg B'havan R dam La Hj BEN*VOW In Port 22/4 «f5 11/5 13* 14/5 14/5
      1,040 words
    • 740 19 CHARGEURS REUNIS f. (MEO CLUB MEMBER) CONTAINER SERVICE TO MEDITERRANEAN S pore P Kelang B'lona M'seilles Genoa MONT BLANC MARU 22 Apr 23 Apr 9 May 12 May 14 May NEW OASIS a Apr 30 Apr It May 19 May OMEX PIONEER 10 May 11 May 27 May 10 May
      740 words

  • Page 20 Advertisements
    • 278 20 5E Hapag-Lloyd CONTAINERSHIP SERVICE TO UK/CONTINENT CONV/SEMI-CONTAINER SERVICE TO EUROPE CONV/SEMI-CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK/CONTINENT -Agents Singapore *****66 K. Lumpur *****25 Booking *****78 P Kelang *****18 Freight *****00 CFS *****50 CFS *****48 Penang *****7, *****2 Terminal *****33 *****3 mm SOUTHEASTASIA PTE. LTD. INTERNATIONAL FREIGHT FORWARDERS FROM
      278 words
    • 540 20 16?: k *lui"« ]t£ S.LINE torn* iHipp mQ co**o*** o* FULLY CONTAINERISED 10 PROM NORTH AMERICA WEST COAST CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL I NOON S PORE LOADING FOR CRYSTAL REED 30/4 DUBAI. DAMMAM KUWAIT GEN AGENTS CROWN MARINE CO (PTE) LTO TEL: *****88 (9 Lines) FAX NO: *****69
      540 words
    • 356 20 INTERCONTINENTAL TIMBER CARRIERS CRANE SHIPPING LOADING FOR Durban S PORE 28 EUROPEAN CONFIDENCE Agents SINGAPORE CALICO SHIPPING PTE LTO Tel Z2S29H Tli RS Bill CALICO FAX *****71 PERKAPALAN UTAIIA SON BHD T.i MIIKA KESAWAN SHIPPING SDN BHD t*i nun a f>i nut? RASA MUHIBBAH SDN BHD Tti avt? PORT KELANG
      356 words
    • 1011 20 EVERGREEN "1 Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTING CARGO TO 1) PROVIDENCE NEWARK SAVANNAH BOSTON PHILADELPHIA NORFOLK JACKSONVILLE wmlmington Bermuda etc 2) ATLANTA CHICAGO DETROIT COLUMBUS t OTHER MAJOR MICROBRIOGE DESTINATIONS 3) CRISTOBAL BALBOA PANAMA CITY COLON SAN JUAN SANTO DOMINGO NEW ORLEANS HOUSTON LIMON CURACAO VIA
      1,011 words

  • Page 21 Advertisements
    • 506 21 PACIFIC INTERNATIONAL LINES AV\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE RED SEA/EAST AND WEST AFRICA SERVICE KARACHI/M.E. GULF SERVICE CHINA SERVICE BANGKOK SERVICE INDONESIA SERVICE MALAYSIA SHIPPING CORPN SDN. BHD. FULL CONTAINER SERVICE P.KELANG P.GUDANG E2E32H -i/1 EE KOTA
      506 words
    • 126 21 rgIIMORBULK \^y, r NORBULK CARGO SERVICES LTD. nr REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS TO: INDIA/PAK/RED SEA PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL ZZ***** W MALAYSIA S P YEO SHIPPINC I TRADING KL 713*44* PK *****1 PENANG TANJUNG MARINE SDN BHD TEL ***** SABAH TRANSPAC
      126 words
    • 811 21 BEN LINE CONTAINERS (KjJEBSEN LINE ■k. NEW ZEALAND TO NEW ZEALAND. PAPUA NEW 6UINEA FUI AND SOUTH PACIFIC ISLANDS CITT Of EDINBURGH V 72 421JEBSEN SQ(JTHLAND VI7S Noumea Suva 22 5 2*l MTM AN NA «h Tu IV TU DM BLUFF 26 46 66 86 UK PO«T MORESBY 13 5
      811 words
    • 577 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMJDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VESSEL/VOY SRIWIJAYA2OWB L J BONTANG 11WB MATARAM IWB GANDA CAMAIMB PALEMBANG6WB ANTWERP BILBAO BREMEN A DAM R DAM H BURG 2/6 6/6 10/6 24/5 2/6
      577 words
    • 405 21 BOUSTEAO SHIPPING AGENCIES PAGAN Vll2 MYOMAYWA VlO3 PA-AN VUOW BURMA FIVE STAR SHIPPING CORPOaaTION (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok 21/22 Apr 23,75 Apr 21/25 Apr 2/4 May NORTHBOUND TO UKC TOANA NIUGINI V3N TAUSALA SAMOA V9N MORAYBANK V3N TAGAMA VIN SPORE RDAM HULL In Port
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  • Page 22 Advertisements
    • 1034 22 Kline KAWASAKI RISEN KAISHA. LTD. ECUADOR/PERU/CHILE FEEDER VSL MOTHER VSL SPORE PKLG PNG SPORE KOBE GUAYAQUIL CAUAO ARICA IQUIQUE AFAGASTA S ANTONIO VALPARAISO J BRIDGE V 65 TBN 22 Apr 23 Apr 24 Apr 26 Apr 15 May 7 Jun 15 J u n 19 Jun CENTRAL AMERICA/CARIBBEAN SEA FEEDER
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    • 315 22 Accepting LCL and contalrwt»*d cargo** Dlnd to South Africa Accepting Containers Only NEOLLOYO COLOMBO 2828F OSAKA MARU 2933F JARDINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAD #12-05 SOUTHPOINT, SINGAPORE (COB tet: *****11 TELEX NO: RS 24m TERMINAL/CFS Tel *****18-220 BOOKINGS Tel *****34-235 FREIGHT LINKS EXPRESS PTE LTD SINGAPORE; TEL
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    • 807 22 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers f ***r\g [liner V^ssH Spore |M»lt frem S»d" ESTECIiPPER 13 a t P CAIABAR V 34 12 V ESTECiJOPEP *14 2 l u ne CALABAR V 35 17 June RAMOAS V? 8 23 Apr 7 Ma. 16 Ma, 14 Ma, AUH Bns CMAND
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    • 898 22 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23 IrM lyf Street SWGWM 0104 TU ******8 110 IMS) STRAITS/PERSIAN GULF SERVICE: Spore PMang Penang GOLDEN BEAR Cotomtw Ka'jchi Mna QaDoos OuDai 25 26 Apr GOLDEN HARVEST Colombo Ka'achi Dubai Bahrain 810 May CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC
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    • 572 22 f iIMTRASgft IPTItITP! 1 15. Hoa Chiang Ro#<:. »07-02/03 Sanford Building Singapore 0208 Tal *****11 (10 Llnaa) BmlkOrient Line BREAKBULK SERVICE TO EUROPE/UK Kr 4 M V BOSL TBN (70S P Keiang loading for 6/5 ROT ANT UK (HULL) Ajentj Singapore INTRASEA (PTE) LTD BOOKING 22*511 K. Lumpur BINTANG SHIPPINC
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  • Page 23 Advertisements
    • 645 23 \\NEPTUNE ORIENT LINES LTD n £SSS:?hS S FAR EAST/EUROPE FULLY CONTAINERISED SERVICE a CE S port NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA Tel No Offic« Terminal CFS BOOKINCS *****53 *****42 *****7 *****22 *****53 *****19 77*11' 27*111 27*141 P Kelang NEPLINE SDN BHD 36M17 K Lumpur NEPLINE SDN BHD *****13
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    • 19 23 TAYO INTERNATIONAL PTE. LTD. TEL *****25 (3 Lines) TLX RS ***** TAYOIN PEKAN BARU/DUMAI/BATAM/BELAWAN WEEKLY SERVICES SUBJECT TO INDUCEMENT
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    • 418 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG, PENANG. BUSAN. INCHON Vessel s Name S pore No 6 Donam 705N 15 No 9 Donam 703N 7/5 M Enter 710N 11,'5 No 7 Donam 704 N 20/5 No 8 Donam 701N 26'5 No 6 Oonam 706N 2/6 No
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    • 562 23 W SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG PENANG M/S HANDLING SYSTEM CO SON MO MESSRS HA! THONG SHIPPING 127 Pini« Strwt
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    • 80 23 FERI MALAYSIA SDN. BHD. RORO CONTAINER PALLETISED WEEKLY SERVICE TO KUANTAN KUCHING. K KINABAIU ALSO ACCEPTING SEIE DRIVEN HEAVY VEHICLES REGULAR DEPARTURE ON "CRUISE MUHIBAH" VOYAGE SPOKE KUANTAM KUCMMG KOTA KMABALU FM 101 17/ M IM4 10/04 21/04 16/06 It/06 17/06 10/06 20/06 30AM >1/06 02AM 12/06 13M6 14/06 16/06
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  • Page 24 Advertisements
    • 415 24 SINGAPORE SHIPPING CORPN.tPTE] LTD TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD VEB DEUTFRACHT/SEEREEDEREI ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE IdHsnm CZEZEHM "VIA COLOMBO Accepting cargo lor Bombay, Cochin Madras "VIA lARNACA Accepting cargo for Piraeus. Thessaloniki. Izmir. Istanbul. Mersin. Limassol. Beirut, Ale«andria, Port Said,
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    • 283 24 Hai Sun Hup Co (Pte) Ltd L Lri TEL *****06 (20 Lines) TLX RS ***** RS ***** ft t I \S|lK\( \KIIM K I) WEEKLY CONVENTIONAL HEAVY LIFT SERVICE FROM SINGAPORE/PORT KELANG TO:KAOHSIUNG TOKYO OSAKA YOKOHAMA NAGOYA KOBE Loading at appropriated Berth P4-P5 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG.
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  • Page 25 Advertisements
    • 302 25 *****53/*****11 04-*****2/4, *****3 07-*****8, *****8, *****5 07-*****1, *****3, *****5, *****0 02-*****22 *****88 /M CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE SINGAPORE 1 LEHARVE 27 04 ROTTERDAM HAMBURG P KELANG MTHR VSL 25 04 NIHON OTHER DESTINATIONS
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    • 266 25 NOSTRA SHIPPING PTE. LTD. TLX: ***** FAX: *****12 TEL: *****39/******0 CALCUTTA LCL EXPRESS- 23/4 BOMBAY LCI EXPRESS 23/4 KARACHI LCL EXPRESS 23/4 MADRAS COLOMBO 23/4 ft] -tZZAT MMPPMtO AQEMCKS FTC LTD (Tat 22*1*44 (3 iM) T«iwc RS 49M1 MO AOOfT TEL. MNH At AOEMT: (ALSO ACCEPTING CONVENTIONAL LCL. FCL CARGO
      266 words
    • 267 25 i COLUMBUS LINE REEDEREI GMBH A (A SERVICE OF HAMBURG SUD) EXPRESS SEMI CONTAINER SERVICE TO NORTHBOUND TO UKC S PORE ROM/A DAM HBG HULL (U K TOANA NIUCINI V3N In Pt 16/5 20/5 24/5 tTAUSALA SAMOA V9N 27/4 26/5 29/5 3/6 MORAYBANK V3N 8/5 4/6 9/6 13/6 TAGAMA VIN
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    • 192 25 FARGO SHIPPING COMPANY (PTE) LTD fM" regular express full CONTAINER AND LCL -SERVICE INBOUND AGENT FOR ABC COffTAINERLINE From USA/Cimd«/Europt/M>dl>ifHi»iß V»l BftUSSEL ANTWERPEN C. VEROLME TBN 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 ASIA WEST AFRICA
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  • Page 26 Advertisements
    • 119 26 Leave it all toNYK NYK Group's total services are your assurance of total satisfaction. X >c The NYK Group provides door-to-door total global service for your shipment. By integrating truck, train, plane and ship with our computer simulation program, NYK can save you time, money and aggravation. Instead of coordinating
      119 words
    • 603 26 3 SENATOR UMIE C j CONTAINER TRANSPORT fNEWSHIP A6ENCIES P L. 19 Carpenter Street #03-00 S'pore 0105 Tel 534-1477 V Fax. 532 6023 > GERMAN SENATOR EF 701 09.05.87 13.05.17 16.05.87 19.05 87 21.05.87 03 06.87 04.05.87 15 06.87 19.06.87 22.06.87 ASIAN SENATOR EF 702 26.05.87 30 05 87 02.06
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  • Page 26 Miscellaneous
    • 150 26 Regional Weather i a s n I i SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. R Thunderstorm Temperature c X\ V Sho»e' Weather (Vect.on »,th speed m t Rom V_y Cloudy St, -Vo.ehe.gM Svrtoce «r««h ore indicated b> o"o« wh*> H, wrt* the —r>d On* tu« circle
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