The Business Times, 12 May 1987
1987-05-12
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The Business Times
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Title Section12 1987-05-12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, MAY 12, 1987 75 CENTS12 words
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Article, Illustration200 1987-05-12 1 Exchange rata* THE S$ finished slightly weaker at S$2.1230/40 ($2.1220/30) against the US$ in the forex market yesterday. It traded within a range of 2.1230 and 2.1260 in quiet trading. The local unit also fell against DM, but rose against M$, HK$ and yen. US$i 139.95/140.05 yen,200 words
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439 1987-05-12 1 ELAINE KOH - Unsuccessful applicants must be refunded within 24 hours of balloting By ELAINE KOH THE STOCK EXCHANGE of Singapore has drawn up a set of guidelines for new share issues following recent complaints about the balloting of new issues and439 words
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594 1987-05-12 1 THREE of the 12 local stockbroking firms planning tie-ups with foreign partners have received the go-ahead from the Stock Exchange of Singapore. Together with three applications approved previously, the SES has to date approved foreign participation in six of its member firms.594 words
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Article, Illustration358 1987-05-12 1 A BT REPORT that the interest rate on Central Provident Fund savings will be cut by 1.03 percentage points to 3.31 per cent from July drove share prices sharply higher across the board yesterday. The Straits Times Industrial Index358 words
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482 1987-05-12 1 Bernama ES MALAYSIA yesterday announced more investment incentives, including tax abatements. Trade and Industry Ministry secretary-general Datuk Ahmad Sarji bin Andul Hamid said that the incentives had been gazetted or were waiting to be gazetted shortly following amendments to the PromotionBernama ES - 482 words
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289 1987-05-12 1 AFP PRESIDENT Corazon Aquino's Senate candidates surged to an early lead in unofficial tallies released shortly after the close of yesterday's generally peaceful election for a new Philippine Congress. Filipinos turned out in large numbers to elect a new US-style legislature in an electionAFP - 289 words
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Page 1 Advertisements
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Advertisement114 1987-05-12 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM a rrsA COMPUTER SCREEN, rrs A T.V. MONITOR rrs WORRY FREE UNTIL THE END OF 1990!" "IT'S A SONY!" iva-14CP1 Computer graphics, Video Movies or TV have never looked finer! Sony's Super Trinitron colour monitor displays bolder huesand sharper contrasts. The revolutionary black screen114 words
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Advertisement311 1987-05-12 1 Full Report, Pag* 12 Asian Stocks, Paga 11 Builders and gas scheme STAGE ONE of a multi-million dollar undertaking in Malaysia known as the Peninsular Gas UtHisation project was completed three years ago. Stage Two is to be implemented soon and this plum project has again aroused tremendous interest among311 words
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Advertisement62 1987-05-12 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM GREETINGS from BT to all Buddhist readers celebrating Vesak Day today. V c r'rmMl Cartier jewellery is sold exclusively in the Cartier boutiques Each piece is accompanied by a certificate guaranteeing its authenticity. BOUTIQUES ley mu/t* de Cartier #01 -36, Lucky Plaza, 304 Orchard62 words
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HOME NEWS
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Article528 1987-05-12 2 ANNA TEO - Elders buys into Fraser Co Aussie company to increase presence in Republic By ANNA TEO ELDERS IXL, the second largest company in Australia, is to expand its business in Singapore, particularly in financial services, its chairman and chief executive John D Elliot said yesterday. Through its broking arm, the conglomerate528 words
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299 1987-05-12 2 WHAT BEGAN as a labour of love has grown into a profitable business for a local distributor of Buddhist literature in English. Mr Arthur Tan Geat Leng, 60, began Buddhist Wisdom Circulation Services four years ago when he retired from his299 words
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170 1987-05-12 2 A GROWING NUMBER of Australian businessmen are looking towards Singapore to do business, and they should, said acting Australian high commissioner Raymond Spurr yesterday. Australian investments in Singapore are being dwarfed by Singaporean investments in Australia. he said at the opening of the new W170 words
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236 1987-05-12 2 LISA LEE - By LISA LEE INCHCAPE BHD's marketing subsidiary Borneo Co Pte Ltd has taken over an estimated $5 million worth of agency business involving the distribution of Shell consumer products in Singapore. Borneo Co took over the agency of Shell's three major consumer product236 words
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Article90 1987-05-12 2 JAPANESE COMPANIES will occupy over a fifth of the exhibition space at the lnstrumentAsiaB7 show which starts tomorrow at the World Trade Centre. Spearheaded by their government, five Japanese associations and 23 leading manufacturers will put up a comprehensive showcase of instruments and systems at the90 words
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Article, Illustration364 1987-05-12 2 AUSTRALIAN gold bullion coins will be sold at major local banks and jewellery stores from tomorrow. Sale of the 99.99 fine gold coins, undertaken by Goldcorp Australia, will compete directly with existing legal tender gold coins such as the Canadian364 words
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Article, Illustration257 1987-05-12 2 BURMESE Deputy Prime Minister Thura U Tun Tin yesterday visited the National Computer Board (NCB) and the Singapore Mint as part of his five-day official visit to Singapore. At the NCB, where he was met by the Board's deputy chairman, Tan Chin Nam, Mr257 words
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Article73 1987-05-12 2 FAR EAST COMPUTERS of Singapore has teamed up with a Thai company. Loxley (Bangkok), to tap the growing demand in Thailand for computers in design and data storage. The joint venture, FEC (Thailand), will concentrate on marketing Apollo work- stations for computer-aided-design, manufacturing and engineering (CAD/CAM/CAE) as73 words
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Article75 1987-05-12 2 IN THE Business Times report entitled "Good response to first G-bond auction under new system'' last Saturday, it was stated that "about 82 per cent of the bonds were allotted at the cut-off yield (5.46 per cent) and price". This is incorrect. The correct version is that75 words
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Article56 1987-05-12 2 MR HARBANS SINGH has been re-elected general secretary of the central executive committee of the United People's Front for 1987-1988. Other office bearers re-elected were chairman Miss Ang Bee Lian and vice-chairman Shaikh Ahmad Shaikh Salim. The assistant general secretary is Mr William Phang and the56 words
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Page 2 Advertisements
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Advertisement335 1987-05-12 2 Leader, Pag* 8 A HP f r r I H *?< Is ft it L 1 T 7,0008TU 3 times more cooling power than earlier model! ii W y f J wV< I! m met, wherever you need it an f i *i i i Fully Portable Acma Personal Airconditioner335 words
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ASIA-PACIFIC
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218 1987-05-12 3 AFP CHINESE industrial production has been rising, in some cases by as much as 60 per cent a year. Quoting the Agriculture Ministry, the official New China News Agency said on Sunday that rural industrial production was 40 per cent higher inAFP - 218 words
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185 1987-05-12 3 AFP THE CHINESE authorities will allow lotteries for charity in a move to help make up for the country's inadequate social welfare benefits, a newspaper in Beijing said yesterday. The pro-Beijing newspaper Ta Kung Pao said the China Social Charity Fund Raising Committee hasAFP - 185 words
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272 1987-05-12 3 AFP INDIA is to test a new generation of long-range surface-to-air missiles (SAM) in the coming months to add to its indigenous arsenal of guided missiles and rockets. Defence officials in New Delhi yesterday said that the long-range SAM, codenamed Agni (fire)AFP - 272 words
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257 1987-05-12 3 Reuter SRI LANKA may unilaterally impose a political solution if none of its dissident Tamil groups is ready to resume talks to end the island's ethnic conflict. The Press Trust of India (PTI) news agency, reporting on Sunday from the Indian cityReuter - 257 words
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637 1987-05-12 3 DAVID CHEW - Stakes are high for both parties By DAVID CHEW THE BY-ELECTION for the parliamentary seat of Gopeng in Perak on May 16 will be a straight contest between the Malaysian Chinese Association (MCA) and the opposition Democratic Action Party (DAP) despite the637 words
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194 1987-05-12 3 AP SAUDI ARABIA'S oil revenues dropped 27.7 per cent to 87.7 billion riyals (U5523.4 billion) in the Islamic year that ended on March 1, 1986, the Saudi Monetary Agency reported. The agency's annual report, submitted to King Fahd on Saturday, saidAP - 194 words
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Article, Illustration434 1987-05-12 3 Reuter, UPI VANUATU has announced a ban on visits by Australian warships and aircraft as relations between the two countries deteriorated over the South Pacific island nation's growing links with Libya. Prime Minister Walter Lini said the move reflected "extreme displeasure" over Australian intelligenceReuter,; UPI - 434 words
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Article827 1987-05-12 3 ARRIVALS Operator otrvjet Local From numbar Hnw MAS MH811 0910 pe^ MAS MH671 0920 KUL AC AC858 0920 YYZ/LH8/IOM su SQ103 0950 KUL CPA CX710 1015 CGK MA ***** 1100 BWN C4A GA960 1100 CGK SU SQ105 1105 KUL SIA SO 201 1145 CGK SiA SQ191 1155827 words
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Page 3 Advertisements
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Advertisement44 1987-05-12 3 T? -t!i L Jaegek-leCoultr^ Kef 101 120:1.1 Moon phases" Rents' 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 Bhd44 words
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Advertisement200 1987-05-12 3 I j V ilr\ T The business person's choice. 1 every Tuesday, Thursday, Saturday and I I \j I I Sunday. Leaving Changi Airport at *1 Al-Jn. 22:05 hours and arriving Bombay at 00:30 hours. Call your Travel Agent or Air Canada at *****55. AIR CANADA 0 With 700 luxurious200 words
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REST OF THE WORLD
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517 1987-05-12 4 Reuter GYRATING currency values suggest a world economy going askew, and some economists and bankers in London say they worry that finding a new balance may be harder than Western governments apparently think. They are concerned that higher US interest rates, to prop the weakenedReuter - 517 words
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220 1987-05-12 4 Reuter THE EUROPEAN COMMUNITY looks set to push a controversial trade concept during next month s Venice summit of industrialised nations. Hugh Richardson, acting delegation head at the European Community's Commission in Tokyo, yesterday said the trading bloc believed nations benefiting from worldReuter - 220 words
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443 1987-05-12 4 AFP LATIN AMERICA achieved 3 to 3.5 per cent real growth during 1986, one of the best performances since the onset of the 1982 debt crisis, according to a report released by the US Department of Commerce in Washington last week.AFP - 443 words
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192 1987-05-12 4 AFP IBM has announced the discovery of a process for making superconductors carry 100 times more current. The discovery eliminates a major technical obstacle to much wider use of new superconducting materials. It also allows the use of new materials forAFP - 192 words
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381 1987-05-12 4 UPI US PRESIDENT Ronald Reagan took a wait-and-see stance before his former National Security Adviser Robert McFarlane was to open the second week of hearings into the Iran-contra scandal in Washington yesterday. With reports saying Mr McFarlane would reveal that Mr Reagan told aides to getUPI - 381 words
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Article, Illustration289 1987-05-12 4 AFP THE SOVIET UNION'S recent offer to eliminate shorter-range missiles from Europe "is worth examining carefully," West German Foreign Minister HansDietrich Genscher said on Sunday. The West German coalition government is deeply divided over the arms offer, with Chancellor HelmutAFP - 289 words
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303 1987-05-12 4 UPI ECONOMIC activity near Siberia's Lake Baikal will be monitored and construction of new facilities will be limited to protect the world's deepest lake from further pollution. "We have 140 enterprises in the region which are, or may be, the sources contaminating natureUPI - 303 words
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292 1987-05-12 4 UPI PUBLICLY-FINANCED international banks will lend US$ll billion to some 90 countries over the next five years for new highway construction and mainte* nance, including China's first four-lane expressway, a Washington research firm said. About 40 per cent of the highway lending will go toUPI - 292 words
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Article88 1987-05-12 4 Reuter THE BRITISH EDITOR of a specialist journal on labour relations in South Africa has been ordered to leave the country. Jon Lewis was given until June 5 to leave South Africa, where he has edited the South African Labour Bulletin for the past three years, accordingReuter - 88 words
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440 1987-05-12 4 AP MOZAMBICAN officials have unveiled details of a US$5OO million plan to rebuild a transport network crippled by rebels. They said it would offer black-ruled southern African countries an alternative to trade through South Africa. The project to repair the strategic oil pipeline, railroadAP - 440 words
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Page 4 Advertisements
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Advertisement86 1987-05-12 4 See Page 6 :-1 il: *>-■ I' I'i,ii: •;ililr»T«T^W 't-I *»II»7-T«IV.i!ilI t advanced auto-equalizers which enhance their data transmission capabilities even over the worst telephone line conditions. Combined with a standard microprocessor interface, the CTS modem has intelligent capabilities of being prograryimed to meet various protocol standards. Full MNP* service86 words
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Advertisement121 1987-05-12 4 One word that means a great deal in anyone's language: Hertz. Travelling overseas? Then book your Hertz car before you go, to get our special Affordable rate. It's so low, that in many cases it's not even available to the people who live there. Yet, you'll still enjoy the service,121 words
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Page 4 Miscellaneous
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Miscellaneous60 1987-05-12 4 Doonesbury '-W m. "n m W,l: t I SHOULD TALK! SO I DO! DO! TM ALL HEART! FROM Mi HEAD DOUN TOMY.„ MY.~ m! U/HE&S THE REST 111 BY GARRY TRUDEAU HELP ME OUT! IC-C-CANTPO THIS BYOURSEU/ES! W HOME bcwanyques- c p. sC. AO/ TMHOT AVAILABLE IN YOUR AREA YET!60 words
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COMMODITIES
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Article318 1987-05-12 5 R AS prfCOS In 8 cwiMq, FOB In b«J« NOON CLOSE Buyors Sol Ion Bwyors Sollort Int 1 RSS Prompt 201.50 202JON ***** 202.75N fcnt 1 RSS Juno 87 196.75 197.25 197.00 197 JO Int 1 RSS Juiy ***** 194.25 193.75 194.25 Int 2 RSS OP 186.25318 words
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Article336 1987-05-12 5 SINGAPORE The market closed steady yesterday with June 1 RSS buyers quoted at 197.00 cents/kilo, unchanged from last Friday's close. The morning session' lost 0.50 cents on some long liquidation and selling of forwards in thin trading. The market recovered the morning's losses in quiet afternoon trading on light336 words
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Article111 1987-05-12 5 THE PRICE OF TIN on the Kuala Lumpur tin marital aaaad ona cant from last Friday to cloaa at M 516.87 par kilo. Tha prica fall waa attributed to tha Initial larga offarlng of 193 tonnaa at tha opanlng prica of M 516.68. Fraah bWa of 173 tonnaa111 words
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Article86 1987-05-12 5 (cants/kg, 1-ton pofl«n) JUNE 87 JULY 87 (currant month) (forward month) RAS NOON NOON Bvyart Bvyan •-M jfllfrl SSR 20 174.00 176.00N 174.00 176.00N ssr 50 173.00 174.00M 17X00 174.00N MRELB Buy art Bvy«r» S«<l«rt SMR CV 240JO 24 2JON 241 JO 243JON SMR I 239 JO86 words
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Article92 1987-05-12 5 LOW SULPHUR waxy residue firmed on renewed Japanese buying interest and reports of fresh business at US$l7.OO a barrel. FOB naphtha talked firmer. Middle distillates remained largely unchanged and flat in a quiet market. Fuel oil was stable. Crude (FOB origin) USS/baml Diang* Dubai Om) 17X13 <X0292 words
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Article268 1987-05-12 5 Crude palm oil futuraa closed higher in moderate trading at the KLCE yesterday. Trading was thin as operators refrained from taking new poaitions ahead of a local holiday today. Spot month May rose Ms 4 to close at M 5727 while June was up Mss at MJ72B per268 words
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Article284 1987-05-12 5 HONGKONG: Gold closed lower but near the day's high on lets short covering in fairly active trading yesterday. It ended at US$453 00/50 an ounce against the U*****.20/70 finish here last Saturdsy and the U*****.60/U*****.20 close in New York last Friday. On ths local msrkst gold lost HK$6284 words
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Article177 1987-05-12 5 Chinese Produce Exchange SoMors' noon doling prlcos on I May 11 (S$/100 k( Coconut oil Bulk FOB 88.00 Old drum FOB 98.00 Now drum FOB 102.00 Copra Mixod (loo«o) 50 toilers Pepper A ml n I TWmJi WTWfW FOB NLW 1170.00 Sarawak wMto FOB faq NLW 1155.00 Sarawak177 words
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233 1987-05-12 5 AFP WORLD SUGAR production in 1967-1968 is expected to reach a record 102.4 million tonnes, up one per cent from last season's 101.7 million tonnes, the US Agriculture Department said. Production of cane sugar is expected to be 65.4 million tonnes, upAFP - 233 words
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163 1987-05-12 5 Reuter AT LEAST one Middle East oil producer, losing revenues because of the decline of the US dollar, has approached customers about switching to a pricing structure based on a basket of currencies instead of solely on the dollar, an oil refinery chairmanReuter - 163 words
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122 1987-05-12 5 Reuter THE KUALA LUMPUR Commodity Exchange (KLCE) will not announce the start-up date for its tin futures contract until June because contract details and trading rules have yet to be finalised, a spokesman said. The KLCE had said after a meeting onReuter - 122 words
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Page 5 Advertisements
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Advertisement60 1987-05-12 5 THE BUSINESS COMMUNITY WILL BE SWITCHED ON TONIGHT... o a i i i 9 i* i~ i -I I > Z ,K> 4~ t •••to Channel 12 at B.oopm. Gifford Pinchot 111, author of "Intrapreneuring" discusses "Being An Entrepreneur" on THE BUSINESS OF EXCELLENCE Brought to your screen by U/160 words
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Advertisement189 1987-05-12 5 1 1 >r? .'vt'* c \ev 7 r \tts Los Angeles every morning. Korean Air flies non-stop from Seoul to Los Angeles every single day. And we arrive at 10:30 every morning. So you'll get there in time to put in a full business day. Plus, every Tuesday, Thursday and189 words
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Advertisement10 1987-05-12 5 CSR's twlwd Md tor WooHf ixptcM to iiicctid, Pag* 1110 words
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BANKING AND FINANCE
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692 1987-05-12 6 Reuter THE RELATIVELY smooth passage of last week's US Treasury refunding programme has eased fears of a credit market collapse, but interest rates remain hostage to the dollar and its response to developments in the world trade arena, economists said in weekly newsletters.Reuter - 692 words
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124 1987-05-12 6 Reuter INDONESIAN BANKS yesterday raised interest rates by between one and 2 per cent, after Bank Indonesia last Thursday raised its discount rate to 20 per cent from 18.5 per cent. Indonesia's top seven state banks, which control around 80 per cent of bankingReuter - 124 words
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Article340 1987-05-12 6 Reuter A 20-MILLION-DINAR BOND issue arranged in Kuwait for Finland reinstates foreign borrowing in Kuwaiti dinar (KD) bonds after a five-year de facto moratorium, banking sources said. The National Bank of Kuwait S A K, the Emirate s biggest, announced on Sunday the sevenyear publicReuter - 340 words
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349 1987-05-12 6 Reuter FEW AFRICAN nations seem ready to join Zambia in rejecting International Monetary Fund (IMF) recommendations, even if they agree its austerity programmes exact too high a price on states desperate to keep their people fed. Bankers say they see little indicationReuter - 349 words
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Article1192 1987-05-12 6 SINGAPORE: The US dollar closed marginally higher against most major currencies in thin trading yesterday, helped by some short covering. The dollar's immediate outlook had turned slightly bullish supported by last Friday's news that the US April unemployment rate fell to 6.3 per cent from 6.6 per cent1,192 words
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Article, Illustration178 1987-05-12 6 Indicates the average of the prime lending rates of 12 major banks in Singapore Interbank market ratee (offer/bid) on May 11 us$ DM SWFC Y«n 7 doy. 6 7/% J/4 1/16 1 J/16 J 3/4 S/% 1 3/4 S/% 37/1-3/4 1 iwh 6 15/16 13/16 71% J178 words
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Article103 1987-05-12 6 THE OVERNIGHT rate on the Singapore interbank market closed one point higher at 6% per cent yesterday. The term rates closed unchanged across the board. S$ Interbank rates at 7pm yesterday: OffW MO Omr6 1/3 6 I month 4 1/8 4 2-monlh 4 l/S 4 3-monrtt 'V 4103 words
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Article25 1987-05-12 6 Treasury bills (moct kcm It ItMM) Issue code Maturity Yesterday's yield BID OFFER BO ***** T 6.8.87 2.65 2.60 Source: DBS Bank25 words
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Article559 1987-05-12 6 JUNE Eurodollar opened nine ticks higher at 92.65 and continued to climb to a high of 92.69, encouraged by the better-than-expected unemployment figures released last Friday. Trading, however, remained cautious with traders turning to the US trade balance to be released on Thursday for further direction in foreign exchange559 words
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Article252 1987-05-12 6 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels in quiet trading yesterday. Short-dates were little changed from earlier levels of 6-3/4 6-5/8 per cent for overnight and Tuesday/Wednesday and 6-7/8 6-3/4 for week-fixed. Some business was recorded for overnight at 611/16 and 6-6/8, one month at 6-15/16,252 words
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Page 6 Advertisements
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Advertisement773 1987-05-12 6 (Incorporated in Malaysia) ANNOUNCEMENT OF A PROPOSED CAPITAL RECONSTRUCTION EXERCISE (BETWEEN MEMBERS ONLY) INVOLVING:1. A SCHEME OF ARRANGEMENT UNDER SECTION 176 OF THE COMPANIES ACT, 1965 2. AN ISSUE OF ORDINARY SHARES AND CONVERTIBLE UNSECURED LOAN STOCKS The Board of Directors wishes to announce the finalisation of proposals for a773 words
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Advertisement63 1987-05-12 6 >Xfc've got the name fc car rental in Britain B SWOODS from: £63 per wk CAP RENTAL. Unlimited mileage inclusive VA^ Over 20 year's experience Reet size 1,000 vehicles, ail less than one-year otd Best service at competitive prices Also available self-drive holidays (car hotels) in UK. ANGLO FRENCH TRAVEL63 words
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WORLD BACKGROUND
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Article, Illustration800 1987-05-12 7 NYT THE SOVIET UNION has begun a series of diplomatic moves in the Middle-East that appear aimed at restoring its influence in the region, which has suffered since President Anwar Sadat of Egypt expelled soviet military advisers 15 years ago. Under Mikhail Gorbachev, Soviet policyNYT - 800 words
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Article, Illustration538 1987-05-12 7 NYT FOR CENTURIES, the bullock cart has symbolised the face of traditional India and its ancient, village-based civilisation to the outside world. But that image is slowly changing, as scientists and engineers seek to increase the cart's efficiency. After decades of research, engineersNYT - 538 words
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Article683 1987-05-12 7 Third World nations turning to cheap Chinese weapons UPI CHINA'S first major arms sale to Thailand and reports that Libya is turning to Beijing for military equipment are the latest indications of its growing status in international arms trade. A Western military attache said the weaponsUPI - 683 words
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Article, Illustration777 1987-05-12 7 WILLIAM SAFIRE - By WILLIAM SAFIRE NYT "HAVE YOU ever committed adultery?" was the stone some sin-free questioner lobbed at Gary Hart last week. His answer was a temperate "I do not have to answer that question". Mine would have been "Go to hell". Neither the mediaNYT - 777 words
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Page 7 Advertisements
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Advertisement1299 1987-05-12 7 umiu cQRPORaTion Bennan (Incorporated in Malaysia) PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 ST DECEMBER 1966 The Board of Directors wishes to announoe the folowing audited results of the Group and Compoiy for the year ended 31st December 1986:— GROUP Turnover Investment And Other Income Operating Loss Before1,299 words
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FEATURES
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Article588 1987-05-12 8 IF HOLIDAY connotes fun and gaiety, then today is certainly not a holiday for those who commemorate it. Vesak, which marks the birth, enlightenment and attainment of nirvana of the Buddha, is a day of prayer and devotion. In the temple, Vesak is marked by a588 words
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Article, Illustration1101 1987-05-12 8 YONG SOO HEONG - Stage being set for phase two of distribution project Natural gas will eventually be the main fuel source for Malaysia and an important export once negotiations with Singapore are finalised. Meanwhile, the stage is being set for phase two of a massive gasification programme, reportsBernama ES - 1,101 words
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Page 8 Advertisements
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Advertisement1148 1987-05-12 8 BALANCE SHEET 31 December 1986 SHARE CAPITAL Authorised Snares of Ssl each issued and Futy Paid Shares of SSI each RESERVES Statutory General Total Capital and Reeerves DEFERRED TAXATION CURRENT LIABILITIES AND PROVISIONS Bank overdraft Time deposits Accrued interest on time deposits Sundry creditors and accrued hatxMea Taxation 10.000.000 10.000.0001,148 words
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Page 8 Miscellaneous
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Miscellaneous29 1987-05-12 8 Bri Stew: Ftanlcßicfcens e rJexT dcor oh the. fcI&HT IS THC e>UN/iNG DepßgimeNT ujho is rue Suizjng ABOUND UKe Pi OUJ6-TRiLeD/ fw? 7 sft no'sTHeoNe. UHVI HIS RyT up?29 words
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Miscellaneous649 1987-05-12 8 CRYPTIC PUZZLE ACROSS 1 It may crumble in one's beard (5) 6 Place for burrowers? (5) 9 Expunged, as it permitted in a document (7) 10 President writing to a flirt (5) 11 Love the sound a door makes (5) 12 Jester's jingles? (5) 13 Athletic aeroplane! (7) 15 Not649 words
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SPORTS
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Article525 1987-05-12 9 WALTON MORAIS - By WALTON MORAIS AS SEMI-PROFESSIONAL soccer in Singapore beckons, Jurong Town Football Club one of the 12 applicants for the inaugural Premier League has readied its organisational machinery to take the pro plunge. Already, an elaborate 14-man Premier League committee has been525 words
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Article, Illustration462 1987-05-12 9 AP ANDRES GOMEZ took the fire and the flash out of Yannick Noah's game last Sunday to become the first South American to win the U*****,000 Tournament of Champions at the West Side Tennis Club in New York. Gomez, the No. 4 seed fromAP - 462 words
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368 1987-05-12 9 AP THE Los Angeles Lakers appeared to be on the way to a sweep of the Golden State Warriors at Oakland last Sunday until they got sleepy in the fourth quarter. The Lakers, leading the best-of-seven National Basketball Association playoff series 3-0, tookAP - 368 words
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676 1987-05-12 9 UPI ALYSHEBA's bumper-car run to victory in the 113 th Kentucky Derby has rekindled the long smouldering debate over the race's usual large fields. "The Derby was more of a joust than a race." said Leroy Jolley, one of several trainers in theUPI - 676 words
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577 1987-05-12 9 AP FRED COUPLES, who hadn't won in three years, parred the third hole of sudden death in Irving, Texas, last Sunday to beat former caddy Mark Calcavecchia and capture the US$BOO,OOO Byron Nelson Golf Classic. Couples earned his third PGA tour career victoryAP - 577 words
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Article161 1987-05-12 9 Reuter OLYMPIC gold medalist Greg Louganis won the three-metre springboard event last Sunday for his third title at the US International Diving Championships. The United States swept three of the top four places. Kent Ferguson was second, Jose Luis Rocha of Mexico was third andReuter - 161 words
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Page 9 Advertisements
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Advertisement106 1987-05-12 9 MIZUNO. THE WORLDS BIGGEST SELLING GOLT CLUBS. A V *V For woods, the heads are crafted from fine persimmon wood and dualweighted for consistent accuracy. The irons are cast in mild stainless steel with toe and heel design specially built for excellent directional characteristics. The shaft is available in light106 words
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Page 9 Miscellaneous
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Miscellaneous1151 1987-05-12 9 to m mm OF has built up a successful IW K discusses Ms ideas with E .*Q£* Ki four prominent members of the British business n a oclcllck head HOLIDAY NIGHT MOVIE Mattock: Diary ol a Perfect Murder 10.30pm, Channel 5 Andy Griffith brings his country charm to this series1,151 words
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Miscellaneous18 1987-05-12 9 ../FTW A'&*T£CjSOWA4/LS TO fi£Tt/AH 7X> Tt/£ A/GWT S/&6, THE cu/a#&v> w/ll Atove ///to the ball fkom 7f/e ouTs/e>e.18 words
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INTERNATIONAL COMPANY NEWS
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Article, Illustration663 1987-05-12 10 Company may hold as much as 4pc stake Reuter BELL RESOURCES Ltd. a listed subsidiary of the Bell Group Ltd headed by Mr Robert Holmes a Court is rumoured to have been the likely buyer of Texaco Inc shares last week. TheReuter - 663 words
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Article, Illustration439 1987-05-12 10 AP ON MAY 12, 1986, federal law enforcers arrested a bespectacled young investment banker from one of Wall Street's top firms on suspicion of trading stocks based on tips about corporate takeovers. A year later, insider trading the use ofAP - 439 words
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303 1987-05-12 10 NYT THE CHRYSLER CORP is expected to restructure its US$2.B billion a year parts-making operation as a wholly-owned subsidiary a move that could be preliminary to a public stock offering. The move comes at a time when the big three carmakers are focusing their attentionNYT - 303 words
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476 1987-05-12 10 UPI APRIL IN PARIS stirred a feverish courtship at the Bourse, the French stock exchange, as finance officials wooed new American investors for round four of the government's US$5O billion privatisation spree featuring telecommunications giant Compagnie Generate d'Electricite (CGE). Not that the FrenchUPI - 476 words
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Page 10 Advertisements
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Advertisement377 1987-05-12 10 Wftere t® wise, dim eaMtia ir mm v \n SHOKADO nans at 4l*l* 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 MRIRAMA "II" SINGAPORE HOTEL 10 EuTong sen street Singapore 0105. Tel: 553 5888 The377 words
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Advertisement207 1987-05-12 10 dishes, four seven to eight nine or more pick ten dishes, adult $12 per (Minimum two Now till May v Pick only your favourites for $18 per person. From our extensive 118item Sichuan menu. Two to three persons may pick four to six persons-six dishes, I persons-eight dishes, and persons207 words
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ASIAN STOCKS
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Article416 1987-05-12 11 HONGKONG: Share prices closed sharply higher yesterday in hectic trading amid heavy institutional demand. The Hang Seng Index climbed 41.87 to 2,846.93 and the broaderbased Hong Kong Index rose 27.15 to 1,838.00. Turnover rose to HK51,268.54 million. Brokers said institutional buying reflected the market's technical strength after the index416 words
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Article252 1987-05-12 11 MAY 11 All Sincere Indus NT S 3.77 48 90 -0.27 Kolin Kuochan Dev Lee Chang Yuen 31 80 36 20 39 80 -31 -1.2 -29 Cathay Con# Chang Hwa Bank Chang loong Chia Hain Cement Cbin Hain Flour China Cham 58 00 79.50 47 80 42.70 15 30252 words
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Article453 1987-05-12 11 Reuter TOKYO: Prices edged higher to their third straight record close in heavy trade yesterday on mainly speculative buying in a variety of sectors, brokers said. The market average firmed 18.99 to a record 24,608.22. The previous record close was 24,589.23 last Friday, when the average rose 381.68. TheReuter - 453 words
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Article99 1987-05-12 11 MAY 11 WON Kal 1375 ***** -5 60 3200 -120 Kia Motor 1710 -20 ***** 1790 3850 •182 Daewoo Corp 1032 ***** 2 -300 Korea Long Term Lucky Ltd 2350 1470 107 -1 Daishin Securities 3928 ***** 88 200 Oriental Brewery Oriental Chem ***** ***** 100 -220 Dong Suh99 words
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Article433 1987-05-12 11 SYDNEY: Australian share market closed lower in mixed trading yesterday, with most investors content to stay out of the market ahead of the government's May economic statement on Wednesday. Selected late buying in blue chip industrial stocks, particularly banks, saw the sector finish higher. Easier bullion prices took their433 words
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269 1987-05-12 11 UPI JAPANESE CARMAKER Mazda Motor Corp is planning to build a US$lOO million stamping plant in South-east Michigan to supply its US$45O-million Flat Rock assembly plant now nearing completion. Tecumseh, Michigan, which is about 40 miles (64 km) Southwest of Detroit,UPI - 269 words
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Article, Illustration320 1987-05-12 11 Philippines plants may remain mothballed Reuter BUSINESSMEN wanting to cash in on a building revival in the Philippines by buying government-owned cement factories say the assets might be strictly for the thousands of birds that now nest in them. The plants, builtReuter - 320 words
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240 1987-05-12 11 Reuter CSR LTD's revised bid for Pioneer Sugar Mills Ltd is virtually assured of success and, if so, would confirm it as one of the world's leading sugar producers, say analysts. CSR earlier raised its cash bid to A 52.50 a shareReuter - 240 words
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122 1987-05-12 11 AFP BROKERS have called for an end to a series of stock market investi- gations after the Taiwan stock exchange index suffered the biggest single day fall in its 25-year history. Share prices slumped last Saturday under heavy selling pressure, with theAFP - 122 words
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Page 11 Advertisements
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Advertisement501 1987-05-12 11 4 wmmmmiw Wmxt id wine, uliie and «dteft«k W- 5/(fl Start of A New Experience Kinta-Mani Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood, Gado Gado. Sate (Satay). spicy Rendangs. Ayam Goreng. Chendol and more! Tickling your palate with an authentic Indonesian cuisine is only half the experience. The501 words
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Advertisement150 1987-05-12 11 TTrTWTT. 7T Peking A Sichuan Restaurant f HOKKIEN-PORRIDGE fS DINNER/SUPPER Buffet Style Choose from more than 20 appetizing dishes. Eat all you can for only $7 Dinner/Supper Time: 7pm 3am rrm v >• 7 r7 At Select from our special lunch menus available when you dine at Fragrant Blossom. Delectable150 words
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SHARE INFORMATION
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Article, Illustration4279 1987-05-12 12 DOUBLE-DIGIT GAINS littered the trading board of the Singapore stock exchange yesterday as investors and punters gave a vote of confidence following reports that the interest rate on CPF savings will be cut drastically from July. But while CPF trustee stocks were4,279 words
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Article222 1987-05-12 12 SINGAPORE Rl« M In dlctl Ski Hang Own 300 > 11 1200 690 MMCIOf 274 Spar* Land 710 QyDw»» 430 nm Cap** 205 kareea 334 N O I 290 MM }U UOI 320 Spar* 400 MaMl Ooktar* 17* Falls 42 30 2i 25 21 20 30 17222 words
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Article3999 1987-05-12 12 810 and offer prtcM officially listed and business in snd reported to ths Stock Exchange of Singapore yeeterdey with the number of sharaa traded shown in brackets in kite of 1.000 unit» uniaaa otherwise specified. All Time Settlement Contracts srs quoted after the word "BETT"3,999 words
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Article125 1987-05-12 12 THE DEVELOPMENT BANK o4 Slngaport Limited: 19th AQM in the Board Room, 46th Storey, DBS Building, 6 Shenton Way, Singapore 0106, tomorrow at 11am. THE QREAT EASTERN UFE Aaeurance Company Limited: 79th AGM at 65 Chulia Street #18-01. OCBC Centre, Singapore 0104, on Thursday, May 14, at 11.30am.125 words
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Page 12 Advertisements
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Advertisement10 1987-05-12 12 KL msrkst report, Business dons on «w KLSE, Psgs 1310 words
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COMPANY NEWS
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Article, Illustration544 1987-05-12 13 Bernama ES RESPONSE FROM American investors to the newly-launched Malaysia Fund Inc has been overwhelming, according to Datuk Malek Merican, managing director of Arab Malaysian Merchant Bank (AMMB). Datuk Malek told a news conference yesterday that American investors had put up US$B4 million forBernama ES - 544 words
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480 1987-05-12 13 BUYERS made a strong comeback at the Kuala Lumpur stock market yesterday and share prices were chased up across the board in hectic trading. Double-digit gains were the order of the day. After three days of mixed trading in the previous week, dabblers turned480 words
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638 1987-05-12 13 ELAINE KOH - By ELAINE KOH A SMALL GROUP of Emporium Holdings' creditors has pointed out what it sees as "seemingly insurmountable obstacles" regarding the retail group's scheme of arrangement, among them the dearth of information on which to make a decision. The creditors, who describe638 words
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274 1987-05-12 13 LORETTA McLAUGHLAN - By LORETTA McLAUGHLAN RETAIL GROUP METRO Holdings is opening a new outlet in Orchard Road, its sixth in the so-called tourist belt. Metro said its retail subsidiary, Metro Re Ltd has signed an agreement with Paragon Properties to become the anchor tenant at274 words
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144 1987-05-12 13 THE SEMBAWANG group has finalised details of the public listing of Sembawang Maritime Ltd. Sembawang Maritime was formerly known as Sembawang Towing and was recently restructured to incorporate Sembawang Salvage as a wholly-owned subsidiary. A press conference to announce its public listing144 words
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Article804 1987-05-12 13 NAJEEB JARHOM - By NAJEEB JARHOM A SCHEME to rescue beleaguered coffee giant Teck Hock Co starring United Industrial Corp has been put in place. The actively-expanding prop-erty-cum-detergent group has agreed to pump in $16 million as a loan to help pay off Teck Hock's creditors804 words
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Article82 1987-05-12 13 FOLLOWING the purchase of 6.097 million shares in First Capital Corporation Ltd (formerly Seal ion Hotels Ltd) on May 7, First City Holdings and its subsidiaries together now own 39.06 million First Capital shares. This represents 23.92 per cent of its enlarged capital of 163.28 million following the82 words
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Article2809 1987-05-12 13 BID and offer prices officially listed and twMdnww in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Acmo (—I Ajtnomoto (***** (7) 350 id Alex Hide2,809 words
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Article124 1987-05-12 13 HONGKONG All Industrials Hongkong Index Monday 2546 4 Monday *****0 Frid ov ***** fr «Jov *****5 Week ogo 2501 2 Weok ogo 1730 96 NEW YORK Hang Seng Index Monday 2846 93 Dow Jones f'xloy *****6 'ftfoy 2322 30 Wee* ogo *****5 Thursday 2334 66 Week ogo 2280124 words
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Article256 1987-05-12 13 MARA-Bumipvrra Fir* B'putra 6*4 6 49* Singapore Unit Trust efw w r Third 6 putro «4y 4 > The Commerce 109 I 16 Fourth B'putro 514 519 The Savings Fund 092 0 96 Fihh B'putra 323 3 28 S pore Prog Fund 044 0 48 Sixth B'putra 3256 words
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Page 13 Advertisements
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Advertisement314 1987-05-12 13 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP. 185 AND IN THE MATTER OF MASON BROWNE PRIVATE LIMITED (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the members of the abovenamed Company duly convened held at 105 Sims Avenue #07-08 Chancerlodge Complex, Singapore 1438314 words
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496 1987-05-12 14 BOEY KIT YIN - Choice of Singapore prompted by tax incentives By BOEY KIT YIN AUSTRALIA'S largest privately owned industrial company, Broken Hill Proprietary Co Ltd (BHP), has set up its countertrade headquarters in Singapore to handle an estimated $200 million worth of annual global sales by next496 words
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129 1987-05-12 14 Reuter EGYPT yesterday authorised banks to fix a daily exchange rate for its pound as part of a standby credits deal with the International Monetary Fund. But it retained government rates for some purposes. Economy Minister Youssri Mustapha, announcing the measures, saidReuter - 129 words
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Article, Illustration29 1987-05-12 14 FORMER MINISTER Dr Goh Keng Swee (left), who is the deputy chsirman of the MAS, met Chinese Premier Zhao Ziyang in Beijing last Saturday.29 words
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Article, Illustration270 1987-05-12 14 OUT sues former C C chairman for $1.32m FORMER CHAIRMAN of Cycle Carriage Mr Chua Boon Peng is being sued by a finance company for guaranteeing loans extended to defunct property company Panther Re Ltd. The suit, to recover $1.32 million, was filed last week by Overseas Union Trust, a270 words
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162 1987-05-12 14 Bernama A NUMBER of United Malays National Organisation delegates and members who had attended a gathering at former Trade and industry Minister Tengku Razaleigh Hamzah's residence in Kota Bahru last Friday were shocked that he had denied telling his supporters to boycott two newspapers. Ali Salleh,Bernama - 162 words
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222 1987-05-12 14 THE COMPANIES (Amendment) Act 1987 will come into effect on Friday, a government gazette announced yesterday. Regulations stating how various parts of the Act may be carried out were also released. They cover meetings of debenture holders, judicial management, meetings of222 words
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337 1987-05-12 14 Reuter LEADING industrial nations meeting in Paris today are expected to do little to resolve huge world trade imbalances and will simply repeat promises of future action, US and other Western officials say. The US is playing down the chances ofReuter - 337 words
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Article, Illustration235 1987-05-12 14 ASEAN HAS STRONGLY condemned Vietnam, whose troops are two kilometres inside Thai territory, for its latest act of aggression against Thailand. In a toughly-worded statement, Asean has called on Hanoi to withdraw its troops immediately from Thai territory. Yesterday's statement by235 words
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401 1987-05-12 14 Reuter, UPI BRITISH Prime Minister Margaret Thatcher yesterday called an early general election on June 11 in a bid for a record third consecutive term that would make her Britain's longest-serv-ing leader this century. The 61-year-old leader buoyed by her ConservativeReuter,; UPI - 401 words
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Article89 1987-05-12 14 Reuter AUSTRALIA'S mini-budget tomorrow will be crucial for the economic health of the nation and the political fortunes of Prime Minister Bob Hawke, economists and political analysts say. Treasurer Paul Keating, who has promised tough measures, will introduce his mini-budget exactly one year after he said AustraliaReuter - 89 words
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Article71 1987-05-12 14 Reuter A STRONG technology sector, led by IBM. drove Wall Street stocks sharply higher in early trading yesterday. Gains in both the dollar and the bond market added the background support as investors began to shed some of their lingering fears of higher inflation and interest rates.Reuter - 71 words
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LATE FILE
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Article52 1987-05-12 14 AP HONGKONG'S total merchandise trade in March amounted to HKSSG.O7 billion, up 53 per cent from March 1986. The Census and Statistics Department said yesterday that domestic exports in March had totalled HK514.48 billion, up 41 per cent from a year earlier. Re-exports amounted to HK$AP - 52 words
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Article53 1987-05-12 14 Bernama KUALA LUMPUR High Court yesterday postponed to June 8 a case involving Koperasi Beha Bersatu Bhd (Kosatu), which had sought to have a final judgment entered against Sarawak timber tycoon Tan Sri Wee Boon Ping, his daughter and four others in connection with a MS6Bernama - 53 words
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Article33 1987-05-12 14 Bernama UMNO Youth yesterday expressed undivided support for the United Malays National Organisation party leader•hip and welcomed efforts to restore unity following the Umno general assembly last month. BernamaBernama - 33 words
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Article32 1987-05-12 14 AFP THAI Foreign Minister Siddhi Savetsils opened an official visit to the Soviet Union yesterday by holding prolonged talks on Cambodia with his Soviet counterpart Eduard Shevardnadze. AFPAFP - 32 words
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37 1987-05-12 14 AP MALAYSIA and Thailand have launched a major joint offensive against guerrillas of the Communist Party of Malaya operating in jungles along the border, Malaysian Army chisf Lt-Gen Yaacob Mohamad Zain said yesterday. APAP - 37 words
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37 1987-05-12 14 Bernama THE AFGHAN Mujahiddin have agreed to form an interim government to take over immediately after the Soviet withdrawal from Afghanistan, their leader, Gulbiddin Hekmatyar, has been quoted as having said. BernamaBernama - 37 words
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Page 14 Advertisements
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Advertisement19 1987-05-12 14 k*<!o* S .v^ *?s>* «»*&&>* SWE TRAVEL SWGAPORE 135, Cecil Street #04-01 LKN Building Singapore 0106. Tel: *****55/ s *****5419 words
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Advertisement10 1987-05-12 14 Gop«ng an add test for MCA and DAP, paga 310 words
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Advertisement202 1987-05-12 14 Since 1967 Ammonia manufacture. Malaysia I r Since 1976: Production of high-punty Solvents Singapore Since 1981 Energy Chemicals Technology Centre in Singapore now serving Asia Pacific Our experience is only matched by our resources and facilities. Experience is only valuable if you learn from it. Over the last six decades202 words
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Page 14 Miscellaneous
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Miscellaneous24 1987-05-12 14 VMMm Outlook: Showort oxpoctod Mwri C mm VMM Hours of tunshlrw PilnlaM 1m mllHnu.l nfliißiii in nuniVTWi llolnu ij. I, niinjf oijrV mis mOnui24 words
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SHIPPING TIMES
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Article, Illustration417 1987-05-12 15 SHAHRIR ARIFF - By SHAHRIR ARIFF THE PORT of Los Angeles, which is only starting transhipment service, is hoping to learn a thing or two from Singapore, according to Mr Steven Paul Resnick, its director of marketing. Mr Resnick was in the Republic recently with two other members417 words
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274 1987-05-12 15 Bernama MALAYSIA Shipyard and Engineering (MSE) yesterday launched the first integrated oil barge to be built in Malaysia at its slipway in Pasir Gudang. The M 53.4 million vessel is also the first to be owned by MSE. The* 5,000-ton Halim Nina will beBernama - 274 words
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PORTSIDES
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Article152 1987-05-12 15 AFP A SHIP chartered by a French humanitarian group picked up 170 Vietnamese boat people and the corpse of one of their number who had been shot dead by pirates in the China Sea on Sunday. The "Medecins du Monde" (Doctors of the World)AFP - 152 words
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Article69 1987-05-12 15 WEST GERMANY, Holland and Belgium have reached a cargo sharing agreement in principle with West African countries. Under the proposed agreement, a neutral body will be employed to supervise the cargo sharing arrangement between the countries according to the Unctad liner code and the European Community69 words
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Article91 1987-05-12 15 Reuter THE 76,293-dwt bulk carrier River Embley was damaged in two places when it ran aground on an uncharted reef in Torres Strait, its owners, the Australian National Line (ANL), said. A team of underwater repair specialists is now assessing the damage to the vessel, theReuter - 91 words
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Article95 1987-05-12 15 HONGKONG shipowner Worldwide is planning to sell five supertankers now under construction in South Korea. Worldwide ordered three 254,000-dwt tankers from Hyundai and two from Daewoo last year. The first is due for delivery in 1988 but no work for the vessels has yet materialised.95 words
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745 1987-05-12 16 AP ACCUSING each other of shortsightedness, Canada and the United States are engaged in a bitter dispute over access to the northwest passage waterway in the Arctic. Canada claims the 1,600-km passage, which runs from the North Atlantic to the PacificAP - 745 words
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185 1987-05-12 16 Reuter THE BENGUELA railway might be reopened if the Angolan government agrees to allow only non-military traffic under civilian control to use the line, Jonas Savimbi, leader of the rebel Unita Movement said. Savimbi said the Angolan government has already agreed to his demand thatReuter - 185 words
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167 1987-05-12 16 AFP RESCUE boats have recovered the bodies of 62 people who drowned when a ferry capsized on the Yangtze river last week, the New China News Agency (NCNA) said on Monday. More than 30 rescue vessels are searching for the 32 people stillAFP - 167 words
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364 1987-05-12 16 Reuter IRAN, angered at Kuwait's decision to charter Soviet tankers, has said the Gulf state will suffer because of what it called Kuwait's intention to turn the region into a scene of eastwest rivalry. Tehran radio, monitored by the British Broadcasting Corporation,Reuter - 364 words
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Article154 1987-05-12 16 UPI A RUSSIAN icebreaker has successfully rescued a seriously ill Australian expeditioner from the Australian Antarctic base of Mawson, the Australian Antarctic division said Monday. A spokesman for the division, Andrew Jackson, said the Soviet icebreaker, Mikhail Somov, got close enough to Mawson for its helicopterUPI - 154 words
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Article723 1987-05-12 16 AB Shpg V 5 ABC Container vm 1 Accord Shpg VI 3 Africa Oceon X 1 AMtrons VII 3 Anro Service IV 2/3 ANl 1 1/2 ARC lift* V 4 Art 2/3 ASCI ID 1 Bolt-Canoda Una V* 4/5 Bolt Orient Lin* VII 4/5 Bonk Lin* V723 words
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217 1987-05-12 16 UPI A CONTRACT for construction of a fishing terminal aimed at promoting the fishing industry in the Latin American country was signed in Tokyo, the Chilean embassy in Tokyo announced. The deal stemmed from a pledge made by the Japanese government last year toUPI - 217 words
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Article1220 1987-05-12 16 PANAMAX vessels loading grain on Friday out of the US are continuing to receive higher rates with tonnage for May in tight supply, shipbrokers said. The dearer level of US$lB.2O was paid from the Gulf to Japan for May. although this involved a slower discharge than normal, while1,220 words
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Article174 1987-05-12 17 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 AlfRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line174 words
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153 1987-05-12 17 THE SOVIET Ministry of Merchant Marine has set up a new foreign trade organisation to trade and operate vessels. All-Union Foreign Trade Corporation WO (Sovcomflot) will control: e The sale of ships for further operation and demolition; Purchase of second-hand vessels and placement of153 words
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519 1987-05-12 17 FT BRITAIN is asking the European Commission to investigate French government financial aid to Chantiers Navals De L'Atlantique in the battle to win an order from Brittany Ferries for a new cross-channel ferry. The yard, part of the stateowned CGE-AlsthomFT - 519 words
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340 1987-05-12 17 Lloyd's List CRIMINALS have devised new patterns ot theft to steal from containers, often achieving as much success as in break bulk cargo days, a new report claims. The International Maritime Bureau, the London-based commercial crime and fraud investigation arm ofLloyd's List - 340 words
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Article298 1987-05-12 17 Reuter AN INDIAN tanker bound for Kuwait was hit in the southern Gulf yesterday by an Iranian patrol boat, the third attack in eight days on ships sailing to or from the Emirate, Gulf-based shipping sources said. The 89,453 dw tonne B R AmbedkarReuter - 298 words
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Article237 1987-05-12 17 AFP THE firm tone to crude oil prices and signs of increased supply from both Iran and West Africa led to a resurgence in demand for tonnage on the tanker market during the past week, shortened by one day by Monday's British Bank holiday. Many very large crudeAFP - 237 words
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193 1987-05-12 17 Fairplay UNITOR Ships Service, Norway, has recently launched a world marine refrigeration service with the hope of reducing the amount of marine refrigeration lost. At present some 7,000 tons are lost annually from the world fleet of some 25,000 vessels.Fairplay - 193 words
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9302 1987-05-12 22 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.9,302 words
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Article584 1987-05-12 23 AT CONVENTIONAL WHARVES Vessel Berth Arrival Departure KEPPEL WHARVES Als Reliance K18 olongside 1305 1800 Borrenmill KIS alongside 1505 1000 Berlin K28 olongside 1205 1830 Koto Mo|u K3I olongside *****100 Kola Peking, K30 alongside 12 *****0 Soudi Holuf K9 alongside *****500 Sea Architect K16 olongside 12 *****0584 words
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Article887 1987-05-12 23 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movement Ship Voy date/tim« Operator cargo schedule Locatk Kansoi P 946 12 0587 1600 Sea Consort F8 0700-0000 P2 Navigator 578 12.0587 1800 Ned-EAC F7 0900-1000 E7 Pegasus P 479N 12 0587 2000 Straits Shpg F5A887 words
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Page 15 Advertisements
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Advertisement621 1987-05-12 15 Mammoth Hunters Jean M. Auol CORONET BOOKS Available at all Good Bookshops. (S3 STP Distributors UyUl 2 Jurong Pw noma Sngwnm 4 r»n«s G»oi<> OOCL Cmtoimn Line WW// JARDME SNIPPING AfiENCtCS (Mf. 00K 200 CwtoMMßt tod #12-05 SotKWt Smppon 0201 T4 22U011 TELEX NO RS ***** TEMHNAUCFS T4 *****11 220621 words
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Advertisement75 1987-05-12 15 CANADA and the United States are engaged in a bitter dispute over access to the northwest passage waterway in the Arctic Page II BRITAIN is asking the EC to investigate French government financial aid to Chantiers Navals De L'Atlantique in the battle to win an order from Brittany Ferries for75 words
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Advertisement968 1987-05-12 15 *0 FESCO LINES TFAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE SINGAPORE/U.S.A now calling direct at OAKLAND Voy Spor. Tlus week Cow—i M Ctoamg Tune CY 14* 1100 MRS CFS 14/5 0100 MRS CORNELIA M968 words
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Page 16 Advertisements
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Advertisement328 1987-05-12 16 x§m EUROPE/FAR EAST CONVENTIONAL SERVICE TEL: 03-*****50 MALAYSIA SON. BHD. TLX: ***** MTM Frt. Booking contact Miss Gan VSL AGLAIA 7 SCAN VENTURE SOCRATES TBN TBN Lubeck-Hamburg MMM Further load/ discharging porta an route subject to sufficient inducement. Singapore Office: MTM S'pore. Tel: *****00 Tlx: RS ***** MTMSEA Fax: *****45.328 words
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Advertisement17 1987-05-12 16 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association17 words
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Advertisement299 1987-05-12 16 iO SENATOR LINIC /VEWShip i AGENCIES PTE. LTD 19 CARPENTER ST. *MI TEL-5-1477 FAX. *****23 OUTBOUND TO NORTH AMERICA IT'TT'TTi K Ok V 13JU71 HWP EF m EF 703 EUROPEAN SENATOR I EF M DUTCH SENATOR EF M ACCEPTING CARGO TO SAN FRANCISCO, LOS ANG BALTIMORE NEW YORK. OTHER DEST299 words
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Page 17 Advertisements
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Advertisement607 1987-05-12 17 The Straits Steamship Group Wm Mansfield Container Shipping Re Ltd COWMCKSW SERVICE TO UK/COKT*CKT:. STRAITS SHIPPING Singapore to Sibih, Swiwsk, Brumi Ports and Bangkok P&O Containers Limited PEGASUS mux VCBN PEGASUS PRIDC MM rrac ikok la HWI Bay U-H B* a-a Bay as m, H'twrj riMNK rtm U M Ha607 words
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Advertisement776 1987-05-12 17 CHARGEURS REUNIS %i'l j -In ijjj;: vLI/JKI'X J (MED CLUB MEMBER) m «f> a i KMTERRAJKA 24 A#r 8 tar 7 UHn 17 Mm ■OUT BLANC MARU )IN* Usy M Sty IS Ey 4iZ CD rWHTI NOIRE 01 DOUALA LOADING DIRECT FOR: LA-REUNION P.NOME P.CENTIL/ UMEVIUE DOUALA COTONOU LOME 2776 words
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Page 18 Advertisements
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Advertisement259 1987-05-12 18 CONTAINERSHIP SERVICE TO UK/CONTINENT CONVjSEMI-CONTAINER SERVICE TO EUROPE CONV SE MI-CONTAINER SERVICE TO MED EUR OPE CONTAINERSHIP SERVICE FROM UK/CONTINENT •Agents Singapore *****66 K. Lumpur *****2S Booking *****78 P. Kelang *****18 Freight *****00 CFS *****50 CFS *****48 Penang *****7, *****2 Terminal *****33 *****3 mm SOUTHEAST ASIA PTE. LTD. INTERNATIONAL FREIGHT259 words
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Advertisement350 1987-05-12 18 LINE tt Mt sm~*t ciwwriw FULLY CONT AINERISED SERVICE Mill* CItNMINf R»Sf 0 10 I POM NUfctM «Mf KfCA A! SI COAST CONVENTIONAL SERVICE TO PERSIAN GULF CO., (FTC) LTD. 10 Amon Road, #14-I*2o pof 0807. FAX: *****11/*****22 DAILY RECEIVING CARGO AT NAUMA MAMS CON M 2 TEL fl— TO350 words
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Advertisement332 1987-05-12 18 INTERCONTINENTAL TIMBER CARRIERS BULK TIMBER/PLYWOOD PARCEL SERVICE To: CONT/UK PORTS: 2*5 Rott/Ante/ UK (Wo■port) SINGAPORE CALICO SNIPPING PTE LTD T* BBM Tic MUI CALICO FAX: 2M871 PORT KELANG PERKAPALAN UTAMA SON BHO Tot TffllTVt KOTA KINABALU KESAWAN SNIPPING SON MO Tot m o hmo) Fan am K&S LINE JAPAN'HONG KONG-ST332 words
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Advertisement799 1987-05-12 18 EVERGREEN Round The-World East Bound (FE/CARIB/USEC/EURO/FE] mc nc ku w on EVER OOTAIN/EVER CENTRT hi Part 17/5 itfi ever cllmiy www w EVER LAUML Sli w m vi EVER GATHER M in «t UO EVER GUIDE w w w w ivu living w nn W W ALSO ACCEPTING CAMO TO;799 words
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Page 19 Advertisements
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Advertisement521 1987-05-12 19 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: 22 ***** FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE RED SEA/EAST AND WEST AFRICA SERVICE CHINA SERVICE yr iMI INDONESIA SERVICE BANGKOK SERVICE lES2 -n—: rrrr BRUNEI SABAH SERVICE MALAYSIA SHIPPING521 words
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Advertisement100 1987-05-12 19 NORBULK CARGO SERVICES LTD. REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO UK/CONTINENT PORTS TO INDIA/PAK/RED SEA PORTS SWV3ABAM SPORE LOADING FOR NORBULK NIT-10 NORBULK NBT-I1 NADftAS/VIZAXALCUTT BANGALORE/TUT! SPORE MARATHON UNITfD AGENCY PTF LTD TEI 27X3GS MALAYSIA SP YEO SHIPPING i TRADING HI 7mM4% P* *B!01 PENANG TANIUNG MARINE SDN BHD100 words
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Advertisement657 1987-05-12 19 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT STON HAH B"HAVtN ROAM HAVRE v» m an m an m un un i 4* an an m an m a* mh an on on an an on an an w \p v v v w *Pap UP UP VP up up657 words
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Advertisement589 1987-05-12 19 "T ti J NOAPORE TO EUROPE vE«twvor CAN OA GARM/16RTB VESSEL/VOY MATARAa/IRMB PALEaBANG/MTB BMA FACM-WI KUTAI/Um Sublet lo Mm ANTWERP S PORE GENOA/TRIESTE A'DAM/R'DAJi H'BURG 24-27/5 »f« 1/7 11/7 STORE BILBAO BREMEN A'DAM/R'DAM H'BURG S-M 11/7 15/7 M-M/t 12/7 15/7 11/7 22-24/1 25/7 a/7 S7 M WW? -MM 13/1 ALSO589 words
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Advertisement330 1987-05-12 19 BOUSTEAD shipping Agencies 1M BURM A FIVE STAR SHIPPINC CORPORATION 1 (Burmese National Lint) Loading for Rangoon S'por* P.Ktlanf Ponang Bar HTONEYWA VZ24* 17/11 Mn ngrnrn mm, mm, ugg, PA-AN VUI« »mmw, MORAYBANK V3N TAGAMA VIN (BANKLINE CHARTER) CLYDEBANK V2ON FORTH BANK VI9N BANK LIME SPORE ROAM HULL IVS 100330 words
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Page 20 Advertisements
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Advertisement728 1987-05-12 20 K"LlflE SHIIPPinG DATA ATLflnTIt: COAST (Round-The-World Service) BROOKLYN BRIDGE V.! 0. FORTUNE V 3 N. JADE V 7 0. FAIR V 3 FEEDER VSL PK BROOKLYN BRIDGE V 2 K. JACEJIN V3BE 0. FORTUNE V 3 GEORGE W BRIDGE V 6 AMBASSADOR BRIDGE V 9 AMBASSADOR BRIDGE 9 PACIFIC nORTH728 words
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Advertisement230 1987-05-12 20 LCL md contetnmlMd OSAKA MARU 25J3F HAYAKAWA MARU 3032f S.A. VAAL mK NEDLLOYD COCOMBO 2KK C.Town Durban SM 15/5 11/5 dm v JAR DINE SHIPPING AGENCIES (REG. 2CK4/OOK 200 CANTOMMCNT ROAD #12-05 SOUTHPOINT, SINGAPORE 0 tat: 221 nil TELEX NO: RS ***** TERMINAL/CFS Tal. *****18-220 BOOKINGS TaL *****34-235 FREIGHT LINKS230 words
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Advertisement611 1987-05-12 20 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCUFCL Contains* CALABAR V 34 12 M*y CALABAR 35 ESTECLIPPER Y.IS 17 Jun* t Juty Un*r Vmml S'por* "KABIROAS' VJ4 20 Mi, RAMOAS- 121 15 JS, "CHANOIOAS- *3 a Jun. "KABIROAS" IX UMT M* frw* Sydn Ate Koa 4 hum 13 Jum 11 J«* Adat/Bris611 words
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Advertisement795 1987-05-12 20 tTvl GOLDEN LINE gum* GUM SWUNG <pte) LTD 23. ?*Mk Ayw Stro*< JMUfOK MM m 5343*1 (II LMES) STRAITS/PERSIAN GULF SERVICE: Spore p GOLDEN HARVEST Cotomto/Karacta/Mma Qaboos Dubo.23/24 May GOLDEN HAVEN Cotombo/Karadti/MuacaVßahrain OW* Jur CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA P.KLANG PENANG DESTINATION HAINING 16/5 Rotterdam/Hamburg795 words
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Advertisement321 1987-05-12 20 PHI! I IRON SHIPPING AGfNCKS Plf I TP PHIII ORIfNJ I IMS PTF I ID f" Hl»r. i M I 63 ROBtft'n* rood e1 *'II W»l [HUT, ;Of <» ><• s i inn PS '?o pmii '»i .7 >S6'6 MIDDLE EAST/FAR EAST FCL A LCL SERVICE VESSEL ETA SINGAPORE EAST/WEST321 words
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Page 21 Advertisements
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Advertisement762 1987-05-12 21 NEPTUNE AGENCIES PTE LTD FE EU/AUST TP A/SEA Terminal CFS BOOKINGS 27J5753 *****42 *****2 *****53 *****15 27*1116 27*111 *****41 \\NEPTUNE ORIENT LINES LTD jS" /EUROPE FULLY CONTAINERISED SERVICE A m^b r TO EUROPE/UK (VIA SUEZ): PlUtont spor. Ha™ ZT TW BRIDGE 37»* In Port 144 1* 2* SS BRIDGE Ml.762 words
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Advertisement95 1987-05-12 21 u TAYO INTERNATIONAL PTE. LTD. TEL *****2S (3 Lines) TLX RS SSIOI TAYOIN PEKAN BARU/DUMAI/BATAM/BELAWAN WEEKLY SERVICES VESSEL ETA ETD DESTINATION PITA I a/5 7/8 CHITTAGONG/COLOMBO W'r W5 PORTKLANC/INOONESIAN POUTS SINAR MEGA 14/5 21/5 PEKAN BARU/DUMAI REGULAR SERVICES TO INDONESIAN PORTS J\fonta//fhe F* r Eatt-South Afrlc* Service REGULAR FULLY COMTAMEMMD95 words
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Advertisement510 1987-05-12 21 donam HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON Vmml's Nam* S port No I Owum/TON In Port M. Enttrpri»t/710N 16/5 No 7 Donjm ?04N 20/5 No I Dor»m/704N 21/5 No I Donam ?O|N 3/6 No 9 Donam,7o4N 13/6 M EntorpriM/711N IS/C No 7510 words
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Advertisement752 1987-05-12 21 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 BHD MESSRS NAI TNONCSNIPPING 127 PanMßStraM. Paneni Maiay» No.752 words
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Advertisement33 1987-05-12 21 FERI MALAYSIA SDN. BHD. Pf.R(! 'N'SlNtf P»iiniM( »isn a. rtr'iNi; snt mivin hhw «ihk ks REGULAR departure on "CRUISE MUHIBAH" VOVAOt mm KUANTAN KMCIMW KOTA WMABALU iTiWrjN ililAl i jfcii 4tf I'ISrMMMMMIMMIi MCuSZEEI33 words
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Page 22 Advertisements
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Advertisement332 1987-05-12 22 SINGAPORE SHIPPING CORPN.(PTE) LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAD VEB DEUTF R ACHT/SE EREEDERE I ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE TO EUHOPE •VIA COLOMBO: Accepting cargo for Bombay. Cochin Madras -VIA LARNACA Accepting cargo tor Piraeus, Thessaloniki, Izmir, Istanbul. Mersm, Limassol,332 words
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Page 23 Advertisements
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Advertisement215 1987-05-12 23 *****53/*****11 04-*****2/4, *****3 07-*****8, *****8, *****5 07-*****1, *****3,"*****5, *****0 02-*****22 *****88 Will CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE FROM EUROPE OAOINC FROM: GOTHENBURG, BREMERHAVEN, HAMBURG. ROTTERDAM OTHER ORIGINS: AARHUS, AMSTERDAM, ANTWERP, BASLE. BREMEN. COPENHAGEN. LE HAVRE, HELSENKI. MAUN),215 words
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Advertisement222 1987-05-12 23 Scan Dutch V TO EUROPE (UK-NORTH CONTINENT-SCANDINAVIA) WEEKLY B. Butang/R Bhum B Butane/R Bhum B. Butang/R Bhum B. Butang/R Bhum I. Butang/R Bhum B. Butang/R Bhum TO RED SEA-MEDITERRANEAN EVERY 10 DAYS 10 Sd hMiiffl 9/5 Njvintor/S7l I*s tdo/7H 2*5 Sd MmilM/7U 30/5 Sd. Lu/or "TO TO HONG KONG-TAIWAN-JAPAN 14/5222 words
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Page 24 Advertisements
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Advertisement444 1987-05-12 24 fS>FARGO SHIPPING COMPANY (PTE) LTD. REGULAR EXPRESS FULL CONTAINER AND LCL-SE-RVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europ*/M*dH*rran«an Vsl C. VEROLME TBN HELEN E. HUOIG 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 L AfracA Ocean Lines444 words
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Advertisement255 1987-05-12 24 BOMBAY EXPRESS FCL/LCL SERVICE Unipacific Trans Trading Agency 5 pre Tei *>*****4 ig imeil West Ocean Shipping 0 «t'm| Tn 03 *****'; 3t>80'66 Perkapalan Jaya 'fj-q T»i 04 *****4 SAILINGS EVERY MONOAY OUTBOUND VESSEL SELANDIA 148 TOYAMA 158 KOftRIGAN 171 CONNECTING VESSEL AT ROTTERDAM BORINCIA 739 MEONIA 769 FIONIA 711255 words
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Advertisement180 1987-05-12 24 SOON KIAT SHIPPING PTE LTD 3 SHENTON WAY #20-05/06 SHENTON HOUSE REGULAR SERVICE TO E. M'SIA Miju Yonf Hu* 7*7 Sri Mm Hua No 3 107 Swat Am Satu 5/17 Bintulu/K BaUit/Mri Dockinf Bintuiu/latouan *20 torn "*25 torn heavy lift reafar Tat: 2285N8 <5 line*) 22Q2S ■oat tV ttf FCL180 words
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Advertisement400 1987-05-12 24 I'WJ MitsoiQSK Lines Ltd CONVENTIONAL/SEMI-CONTAINER •AST AFRII NEDLLOYD MOJI VOY. EAB32A AFRICA MARU VOY SWA26A SUBJECT INDUCEMENT Mombasa. Daressalam Port Louis, Reunion >T AFRK AFRICA'S NO t FULL CONTAINER SERVICES SEE MONDAY, WEDNESDAY, FRIDAY ADVERTISEMENT. TELAMON VOY.WAA2A EARNEST VENTURE VOY.WAB22B HIMALAYA MARU RIVER GURARA >Rmks: Subject Inducement. OSAKA MARU VOY400 words
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Page 24 Miscellaneous
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Miscellaneous153 1987-05-12 24 Regional Weather S TBl kvi 1 V m I i 9 !fel! SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AJI. THIS MOfMWML R Thunderstorm Tempwature •<- O ho»« Weother —X Wind <VecTion with speed «i knot* Cloudy Sky Wove height Svrtace w«ds arc mdaceted b» orrowt wtxti Hy with tfce153 words
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