The Business Times, 25 May 1987

Total Pages: 28
1 28 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 MONDAY, MAY 25, 1987 75 CENTS
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  • 789 1  -  increase expected to be marginal By ALVIN TAY,LEONG WEN WAH SIGNS are hardening that local prime lending rates will go up this year, after having fallen by about 50 per cent over the past 2)4 years. But any increase is expected to
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  • 220 1 AP JAPAN AND EUROPE need better technological cooperation in the face of their American ally's decline as the world's economic cornerstone, former West German chancellor Helmut Schmidt said yesterday. Suggesting benefits of a Ja-panese-European economic community alliance, Mr Schmidt said: "Somebody I'm not naming
    AP  -  220 words
  • 360 1 THE WAH-CHANG International group has clinched a $14 million contract and is likely to secure a further $52 million worth of jobs soon for its construction subsidiary, Wah-Chang Engineering (Wenco). Mr Ho Kwonping, president of the Singapore-based group, said the contract already awarded for Wenco
    360 words
  • 161 1 Bernama THE MALAYSIAN Chinese Association yesterday expressed hope that the government could find a way to help depositors who had lost their savings in the deposit-taking cooperative (DTC) crisis recently. Its deputy president, Datuk Lee Kim Sai, said MCA hoped the government could
    Bernama  -  161 words
  • 113 1 Reuter THE Organisation for Economic Cooperation and Development (OECD) has painted a grim picture of the world's economy in 1902 in a secret report to its 24 member nations. The Mainichi Shimbun newspaper said yesterday that the OECD expected the US to rack up s
    Reuter  -  113 words
  • 479 1  -  By ANNA TEO SHOES, SHOES and more shoes. Footwear for aerobics, the weekend tennis game or the 10mile run sports shoes of all types and makes will be found in a new shoe mart opening this week at Marina Square. The company behind the
    479 words
  • 513 1  -  By LUCY NG MORE SECTORS are expected to expand this year and "with some luck", 1967 should see Singapore well on its way to a full economic recovery. Finance Minister Dr Richard Hu said yesterday that growth should spread beyond the manufacturing
    513 words
  • Page 1 Advertisements
    • 312 1 Need a housing loan? Wwtoong 737-7977 Wtoyfoong Mortgage And Finance (S) Ltd A wholly-owned subsidiary of Hongkongßank 6 Claymore Hill #03-01 Claymore Plaza Singapore 0922 MANAGEMENT AUSTRALIA specialises in cultivating entrepreneurial geniuses, larger-than-life figures such as Alan Bond, the Perth millionaire who won the America's Cup in 1983; and Rupert
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    • 261 1 Small busliMM com book. mm MARKET REVCWS 13, 1 MONEY A EXCHANGES COMMODITIES 1 AIRCRAFT SCHEDULE CHINESE LEADER Zhao Ziyang sharply criticised hard-line opponents at a Communist Party politburo meeting last week for pushing the campaign against Western values too far and threatening China's economic reforms. Pag* 4 RISING INFLATION
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    • 133 1 )@>!?+[\_+}*}[`<<!_>|${`$+{"@"} BT hat a naw facsimile numbar *****71. Plaata uaa this naw Una for facalmlla transmissions. Because of Atsuko's determination, no other airiine can offer you this: If h Vv\ H J? i THE JAL PLEDGE As highly trained and dedicated i professionals we will confidently m do our utmost
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  • MANAGEMENT
    • 1198 2  -  Can a father teach his son his business skills? In the case of the Gill family, the answer is yes, and the evidence is apparent in the chain of Royal Sporting House stores, the largest sporting goods retailer in Singapore and still looking at expanding
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    • 356 2  -  by BOEY KIT YIN ONE OF THE BEST WAYS to prepare a development programme for anything is to learn from existing and successful programmes. In its on-going efforts to come up with new schemes or to hone existing schemes to help small- and medium-sized enterprises upgrade,
      356 words
    • 1009 3 WHEN PROFITS start to hurt, one of the first things a manager does today is to lay off large numbers of workers in the hope that earnings would improve. But increasingly, a number of major companies in the United States are looking at alternative
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    • 1353 3  -  By NICHOLAS KRISTOF NYT EVEN IN HIS school days in South Africa, Robert Holmes a Court had a genius for making money. He drove his classmates home at the end of term in exchange for their travel allowances. He turned his hobby
      NYT  -  1,353 words
  • Page 2 Advertisements
    • 133 2 Morning Noon& Night We tee off to Bangkok H H UO'DU You arrive in Bangkok ready for business, or, simply enjoy the delights of discovering the city. y' "f. x -f m- m m m 0* 0* jp 0* 0k jpkf j IM 4* jd YJL J J Arrive in
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    • 134 2 2 nights and 3 days at the Mandarin Singapore for *****.00 nettl Mandarin Executive Package Deluxe room in the Main Building Complimentary fruit basket Chinese tea service in room upon check- in Welcome drink Free use of Mandarin Recreation and Health Club massage and squash/ in room Free shuttle service
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  • Page 3 Advertisements
    • 330 3 W 3 V i 1 i--SO ADVANCED, NITSUKO LEAVES OTHERS WAY BEHIND Nitsuko leads the way with a more superior technology. "Red add in the DIFFERENCE. And enhance your value. Call 222-7888 for mono ctetf*Us NOW. Model: NX-1236. Telecoms Type Approval No. 539-85 K6B Technology Only a claim. There are
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  • ASIA-PACIFIC
    • 509 4 Hard-liners accused of slowing down modernisation AFP CHINESE LEADER Zhao Ziyang sharply criticised hard-line opponents at a Communist Party politburo meeting last week for pushing the campaign against Western values too far and threatening China's economic reforms, Western diplomats in Beijing said on
      AFP  -  509 words
    • 108 4 Reuter IN AN EFFORT to combat Los Angeles' infamous smog, California hopes to get drivers to switch to methyl alcohol for their cars. Southern Californian drivers will soon be able to buy methanol. or methyl alcohol derived from natural gas, at selected petrol
      Reuter  -  108 words
    • 277 4 AFP THE TAIWAN GOVERNMENT'S plans for the partial or complete suspension of currency controls have triggered enthusiasm among leading industries for overseas expansion, business observers in Taiwan said on Saturday. Industrialists are conducting feasibility studies on investing in overseas markets and some
      AFP  -  277 words
    • 246 4 AP EIGHTY PER CENT of Japanese voters want Prime Minister Yasuhiro Nakasone out of office when his term ends this October, and one-fourth want him out by next month, according to a newspaper poll published on Saturday. The survey by the Asahi
      AP  -  246 words
    • 362 4 UPI AN ORGANISATION of agricultural exporters wants a political commitment from the largest countries in the world to early reform of farm trade, Australian Trade Minister John Dawkins said on Saturday. Mr Dawkins, the chairman of the 14-member Cairns group, told reporters at
      UPI  -  362 words
    • 270 4 AFP THIRTEEN NATIONS of the South Pacific meet in Apia, Western Samoa, this week in an atmosphere of crisis, facing issues of greater gravity for the previously tranquil region than at any time since World War 11. The South Pacific's image as a peaceful
      AFP  -  270 words
  • Page 4 Advertisements
    • 127 4 You don' to enjoy is right i Mi HB OSBEOEEB an elegant yet cosy restaurant serving the finest French food in town. Make your business lunch a highly pleasurable affair with our splendid Executive Set Lunch. The service is impeccable yet discreet. At our plush lounge, you can relax with
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  • Page 4 Miscellaneous
    • 72 4 Doonesbury %VREREALLY YUP. ANP TO COORDINATING SHOW U&E NOT XHARACTERT TOOSELF-RJGH-J COVERAGE* WOUS ABOUT IT, 1 IHAVBWSIAKT WTHvepßese. THEYMNTME TO SURVEY THE PAPERS STAFFTOFINP OUT HOW MANY OF Tt€M ARE CHEATING ON THEIR SPOUSES. TtUOB/EEKSTM —v. GONG TO HAVE TO spbnpon m m I BY GARRY TRUDEAU WRB KIPPING. mm
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  • REST OF THE WORLD
    • 445 5 Reuter PRESIDENT RONALD REAGAN has continued defending US policy in the Gulf while a top Defence Department official warned that withdrawing the US navy would cause more instability and allow Iran to press into Kuwait. Following the tragic incident in the Gulf a week
      Reuter  -  445 words
    • 107 5 UPI THE EMIR of Kuwait warned on Saturday that the Iran-Iraq Gulf War has expanded to involve the superpowers and called for an end to hostilities between the two Muslim states. In a television address, Sheikh Jaber Alahmad Alsabah noted that Kuwait was the closest
      UPI  -  107 words
    • 322 5 AFP OFFICIALS from 10 countries on five continents met in Paris last Friday to discuss plans to allow occupants of road vehicles, boats and ships to remain in direct contact with their home bases wherever they are in the world. The project, known
      AFP  -  322 words
    • 607 5 ARRIVALS Operator Servic* Local From number tim« SU SQ61 1335 BKK RJ RJ182 1400 AMM/KUL SU SQ109 1405 KUL su SQ455 1410 BWN THAI TG440 1430 BKK/HDY TK TK570 1450 IST/BOM THAI TG413 1450 BKK CPA CX713 1455 HKG/BKK MAS MH672 1520 BKI GIA GA962 1525 CGK
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    • 209 5 UPI IN YET another manifestation of glasnost, the Soviet Union is opening up to researchers a wealth of material from the state archives. The government newspaper Izvestia said the goal is to lift restrictions on 767.195 of the more than 1.1 million files
      UPI  -  209 words
    • 495 5 Reuter RISING US INFLATION during April and more signs of a future slowdown in economic growth have posed additional problems for federal policymakers considering a tightening of credit to restrain price rises. Consumer prices jumped 0.4 per cent in April for the
      Reuter  -  495 words
  • Page 5 Advertisements
    • 101 5 TORONTO The business person's chotce, every Tuesday. Thursday, Saturday and Sunday. Leaving Changi Airport at 22:05 hours and arriving at Lester B. Pearson International Airport the following doy Coll your Travel Agent or Air Canada at *****55. AIR CANADA Pharmaton Capsules An effective aid to good health One Pharmaton® capsule
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    • 256 5 American foreign policy again saan to ba hazy, Paga 7 J. Shih invites you to The Multitech Acer II Computer Exhibition. J. Shih is the computer expert who was involved all the way, with the Research and Development of the V 5/ futuristic Multitech Acer 1100, the ***** based computer.
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  • BANKING AND FINANCE
    • 411 6 Reuter THE DEALERS who annually buy and sell U553,500 billion of Eurobonds have approved a computer system to help them Keep track of the 10 to 15 per cent of deals which fall through because the paperwork is never completed. But the 2,000 dealers who
      Reuter  -  411 words
    • 259 6 FT THE JAPANESE government is expected to announce soon licences allowing several UK and other foreign banks to conduct investment management activities in Japan. The move would open up access to one of the world's largest investment markets. Further measures may
      FT  -  259 words
    • 139 6 AFP SEOUL TRUST Bank president Koo Ki-Hwan has been sacked over a financial scandal involving South Korea's top shipping firm, Pan Ocean, a bank director, said yesterday. Seoul Trust was the biggest creditor of Pan Ocean, for which Mr Koo told a
      AFP  -  139 words
    • 388 6 Union Bank of Switzerland THE forex market was virtually benumbed in the wake of developments on the interest rate front, which this time assumed the role of shock absorber. For the first time, signs of a stagflation in the US
      Union Bank of Switzerland  -  388 words
    • 23 6 UBS US dollar: Treading water. Swiss franc: Month-end impact to be or not to be? Yan: Only temporarily weaker. Gold: Consolidation.
      UBS  -  23 words
    • 165 6 Citicorp Investment Bank (S) THE two-year note issue, announced last Tuesday, got off to a bullish start, as yields traded down from 4.00 per cent to 3.30 per cent. Trading in the twoyear notes was mainly between interbank dealers. The spreads between the two-year and five-year notes
      Citicorp Investment Bank (S)  -  165 words
    • 229 6 Green Collier Bullion AFTER POSTING a new four-year high, precious gold tumbled on long liquidation and selling ahead of the long holiday weekend. At New York's commodity exchange, spot gold settled at U*****.00, down about US$lO over the previous week's close. Several factors contributed to
      Green & Collier Bullion  -  229 words
    • 197 6 ASIAN CURRENCY average deposit rates for the week ended May 22 MD MKU US 1 Mgh Lew 7 dojrt 7 1/16 6 15/16 1 month 6 1/4 7 2 monihi mHiE 3 iwumtB WXGm ■fir 6 monhj MLU B2£ 9 nmOn i 8 5/16 s 12 waul
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    • 525 6 prim* landtag ralM?l2 PL* of bonks at the do *e of busintts on Friday, May 22, as mpplied by lb* Association of tanks in Singapore. BANK PIR <%) Algernon* tank 6* American Express tank 7 Am'Dam R'terdom tank 6% Arab tanking Corp 7* Arab tank Ltd 7*
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    • 163 6 Interbank market n a 1 1 i us$ DM SWFC Y«n 7 doyt 71/1-7 1/1-77/1 J 3/4 tf% 7 1/4 7 4 S/14 3/14 1 7 1/4 1/4 i/a 3/a 3 3/4 s/a 3 3/» 1/4 4 3 7/a 3 7J/I-I/2 13/1* 11/14 3 3/4 s/a 3
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  • Page 6 Advertisements
    • 311 6 The Gold Coin Standard v/ W JW K Gold is the one commodity that has long been valued as the basis for sound financial planning. Esteemed for its enduring value, gold has proven to be a long-term insurance against monetary, political, and social uncertainty. Investors are generally advised to include
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    • 232 6 jl 4 II? iri* 1 i' i II v Since 1967: Ammonia manufacture Malaysia Since 1976: Production of high-purity 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
      232 words

  • WORLD BACKGROUND
    • 858 7 NYT THE IRAQI MISSILE ATTACK on the US frigate Stark in the Persian Gulf, which cost the lives of 37 American sailors and disabled the warship, has once again raised a question that has bedeviled US foreign policy for a quarter-century: does
      NYT  -  858 words
    • 838 7  -  Action seen as 'final nail in the coffin' of Baker Plan By LEONARD SILK NYT BY ITS DECISION to increase its loan-loss reserves by US$3 billion and take a second-quarter earnings loss of US$2.5 billion, Citicorp has dramatically affected the positions of all the major
      NYT  -  838 words
  • Page 7 Advertisements
    • 31 7 JonesLang Wootton 532-3888 Pkw. SOLD We sold 7 multimillion-dollar homes in the luxury DALVEY VILLAS estate and we can sell your development too from apartments to complete condominiums and landed properties.
      31 words
    • 319 7 Corporate Electronic Banking. Hexagon. Worldwide, 24-hour financial control. lisl JSk! W&4&M* r^ n f=3?~ Welcome to Vr S3 .**.< .*y |#;F M ««l v£ f -> Hexagon A f 'J? Corporate Electronic Eanki ;>• ■is.**;! a w <.' *-v i,yjf- si§ KM i- v s as ■3 v g. Sfr#
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  • THE ARTS
    • 619 8  -  By SHAUN KOH IT IS NOT OFTEN that a renowned recording quartet performs in Singapore. And it is not often either that such performances play to a full house. Perhaps Singaporean audiences are becoming more aware and discerning of good classical music. The change in
      619 words
    • 756 8  -  CD Reviews By SHAUN KOH LLOYD WEBBER The Phantom of the Opera. Michael Crawford; Sarah Brlghtman; Steve Barton; and various other soloists; Ad Hoc Orchestra/Mike Reed. Polydor 831 273-2 (2 discs, 115 minutes). Category: Musical ANDREW LLOYD WEBBER brought
      756 words
    • 414 8  -  By MARTIN SOONG UP AND COMING local painters were taken off the local art competition circuit's usual commercial and exploitative leash this month. The IBM Singapore Art Award competition proved to be one of Singapore's closest efforts towards unconditional support of artistic development and
      414 words
  • Page 8 Advertisements
    • 39 8 12 years old. A Welcome Awaiting. P AC HEW! ROYAL [HIGHLAND in i.uxe w n ><' >T( H rJ f* t A x M lK7t TEACHER'S ROYAL HIGHLAND i)K LUXE HI.KNDKI) SCOTCH WHISKY <+r 9 M m ''uftl 'KS' S2E
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    • 77 8 OLYMPICS EUROPE m <■- J: inr f Mb fam m •■■■■■■l'/ t ft >/ v* P < ■KflMj A WISE CHOICE The fastest from Singapore to Athens, Olympic offers you frequent and convenient connections from Athens to more than 40 worldwide destinations including Madrid, Istanbul, Dusseldorf, Marseilles, Milan, Nicosia and
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  • Page 8 Miscellaneous
    • 52 8 mSteWrftankDicfefflg AH! P»T LONG LAST TMC P\u>fMi££) fcePLy FROm Q un J, FPJMES LTD HOL.7 mpiCk^eL 1 "This Fif?ST Pfl&6 Packs r Punch., P\ND BV gollv TM€ SECOND Mlfs IT hurts ©Evening Standard Co.Ltd. 1962-1987 the tmirp Page has ooMPteTeuY nr>\/ AL^p.y... I 'Li- HAN/e T£) SHeive IT FOR ny
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    • 673 8 mrnmm 13 14 CRYPTIC PUZZLE ACROSS 1 Keeps being arresting (5) 6 One cry in less than a thousand, maybe (5) 9 Story mostly in Latin (7) 10 Crop for which it's grand to have wet weather? (5) 11 The right person to have on one's side, we gather (5)
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  • SPORTS
    • 511 9  -  By BRIAN MILLER WHAT A DIFFERENCE a week makes especially where form of horses are concerned. This was the conclusion I arrived at after sitting through the weekend's Ipoh races. In the second race on Saturday, Ruby Kid a horse who beat just one
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    • 572 9 Reuter, AP BERNHARD LANGER of West Germany, looking in the morning as if he would run away from the field, settled for maintaining his two-shot lead after two rounds of the British PGA championship in Wentworth, England, on Saturday. The 29-year-old former US Masters champion carded
      Reuter,; AP  -  572 words
    • 542 9 AFP FIJI took the honours on the third day of the inaugural Rugby Union World Cup yesterday while North American rugby received a major shot in the arm with wins for Canada and the United States. The Fijians, the great imponderables of world
      AFP  -  542 words
    • 344 9 World Team Cup McEnroe helps US earn a final place AP JOHN McENROE came from behind to beat Henri Leconte of France in three sets on Saturday to earn the United States a place in the final of the Peugeot World Team Cup in Dusseldorf. McEnroe's 2-6, 7-5, 6-1 victory
      AP  -  344 words
    • 163 9 AFP CHRIS EVERT, the top seed, reached the final of the US$lOO,OOO European Open Women's Tennis tournament in Geneva on Saturday with a straight sets win over fellow American Lori McNeil. "I didn't think it would be so easy,'' she said after beating the fourth-seeded McNeil
      AFP  -  163 words
    • 647 9  -  By WALTON MORAIS WHEN HISTORY beckoned, M Murugiah was late in arriving. And although he warmed up towards the end, the 23-year-old golfer missed the chance of going into the record books in the Singapore Golf Association's monthly tournament at Jurong yesterday. Entering the
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    • 303 9 Reuter TRINIDAD'S Leslie Stewart pummelled American Marvin Johnson for eight rounds on Saturday and won the World Boxing Association (WBA) light heavyweight title when Johnson failed to answer the bell for the ninth round. Stewart, 26. knocked down Johnson, 33, in the first round of
      Reuter  -  303 words
  • Page 9 Advertisements
    • 96 9 Sbh PSv > u SB If H > a Admiralty House Golf Driving Range is managed by a professional management team The Driving Range is open from 700 am to 1000 pm daily Facilities services available for golfers and the public include Good range driving balls for driving Golf lessons
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  • Page 9 Miscellaneous
    • 1182 9 TO QBE) CaaCDCKD OL €j ENGLISH MOVIE War Of The Worlds 9.50pm, Channel 3 This is an adaptation of H G Well's novel about a Martian invasion. Unexpected and surprising turn of events save the world from an invasion by Mars. Gene Barry (right), Ann Robinson and Lee Tremayne star.
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  • INTERNATIONAL STOCKS
    • 253 10 NYT McDonnell douglas Corp has awarded a longdisputed subcontract to manufacture wing components for the C-17 transport plane to Lockheed-Califor-nia Co. a division of Lockheed Corp. The subcontract could be worth as much as US$l billion over the life of the C-17 programme, in which
      NYT  -  253 words
    • 302 10 MAY 23 Y«n Mitsubishi Mitsub Boc. 1520 527 10 3 Ajfaomoto 3510 20 Mitsub Esfoto 3230 10 Akoi 409 7U unch 4- 19 Mitsub Miovy Mitsui 585 875 2 1C AsoM Kami 1260 30 Mitsui Ship 327 9 AaaM Gkm 2100 80 Mitsui SmoiHng 426 und* Bank of Tokyo..—
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    • 386 10 Reuter WALL STREET scored its biggest gain in 13 sessions on Friday as investors found encouragement from stronger bonds and falling commodity prices. But trading volume dwindled with many investors heading home early ahead of the long Memorial Day weekend. The Dow Jones
      Reuter  -  386 words
    • 127 10 MAY 22 C 1% 1 unch unch Inco Int Prov Pip* iu Intl 23 4»% 24% 38% Kerr Addison 24% Loblaw Co 15% Bank Nova Scotia Bank Of Montreal 16% 33 41% 23% 35% McMil Btdl Moison A Moore Corp 23% 24% 32% unch Norartda In 28% Northgat* Exp
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    • 201 10 MAY 22 RANO INDUSTRIALS Tongaat Trust Bk Un Staal Wooltru 1250 235 80 1825 -25 •7 unch -25 A Alpha Abarcom Aaci 1650 340 5 unch unch unch 50 50 unch unch Anglos KM 8025 unch 575 Angvaal ***** AMIC 6300 Blyvoor 2650 15 Buftals 7350 unch Charter 1800
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    • 544 10 MAY 22 US 42 Alcoa 47% Allag Intl 16% Allied Stg 4054 uncfi Allia-Ctialmar* 3 42% unch Am Cvanamid Am Elac Pwr 2654 3354 Am Horn* Prod 80% 4% 20% Amarada Haaa 35% 8254 unch 54 53)4 11% 24% •1% AU Richttaid 86% *1% An 25% 2M Banfcamarica
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    • 697 10 Amsterdam MAY 22 FVJ ABN 479 00 -2 87 00 -04 AhoM 101 00 04 130 00 1.1 Alranta 147 90 uncti AMEV saao -08 Amro Bank 75 50 -1 Am Stad 130 80 1.3 Barkal BOLS 159 00 ■3 Boraumi) Buahrman T»n«roO« Calva m Elsavtaf 48 20
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    • 107 10 Reuter The US TREASURY Department has approved, on a temporary basis, new safeguards for the government securities market to help prevent a repeat of a string of dealer failures that roiled the market in 1965. The Treasury said the temporary rules would become effective on May
      Reuter  -  107 words
  • Page 10 Advertisements
    • 568 10 'i imv to wia«, «d<i entertain if TEOCHEW PORRIDGE BUFFET $5 50* h WOSCT $S m irv hnmHu rlKh# IPC person) You can enjoy savoury'Tomety dishes such as txaisecl pork 9 steamed stuffed bean curd sambal tanryal y fried salted fish 9 sauteed chicken with mushroom 9 sauteed cai too
      568 words
    • 200 10 London stocks on Pago 15 TTTT! T-r $6.00 Meringue, fresh cream and strawberry halves. nuiuuu) with strawberry sauce, marinated rn strawberries and fresh cream. *I>O.OU MPMIT Layered ice-cream with strawberry and chocolate sauces. f\f\ TFTTr 1 r i -L'J $5.00 y i i Puff crusts layered with strawberry cream and
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  • INTERNATIONAL COMPANY NEWS
    • 160 11 AP HITACHI CORP has become the seventh Japanese semiconductor company to reach a settlement with US giant Texas Instrument over a semiconductor patent infringement suit. Japanese newspaper Asahi Shimbun reported last Saturday that Hitachi would sign a crosslicence agreement with the US chipmaker, allowing
      AP  -  160 words
    • 120 11 Reuter A HONGKONG-BASED investment firm said last Friday that it had obtained clearance from federal anti-trust regulators to buy up to 50 per cent of the Beverly Hillsbased Wrather Corp. Industrial Equity (Pacific) Ltd said in a filing with Federal Securities Regulators that
      Reuter  -  120 words
    • 510 11 UK hardware company to buy Smith Wesson NYT SMITH WESSON, the maker of pistols favoured by American lawmen for 135 years, is being sold to a British manufacturer of plumbing supplies and lawn mowers. F H Tomkins PLC of London said last Friday that it had agreed to acquire Smith
      NYT  -  510 words
    • 441 11 AFP INDONESIA'S state tin company, PT Tambang Timah, has said it is hopeful that in spite of output restraints, it will continue to make a profit this year after surviving the world tin crisis in 1986. Timah president Sudjatmiko said
      AFP  -  441 words
    • 147 11 Bernama THE INDONESIAN STATE oil company, Pertamina, is cutting down its operational budget this year by offering employees accelerated retirement incentives. A company spokesman said on Saturday Pertamina had set up a special team to study the best way to reduce corporate expenditures. According
      Bernama  -  147 words
    • 523 11 Reuter GENERAL MOTORS Corp (GM) chairman Roger Smith defended his record as chief of the world's biggest corporation on Friday against calls for his resignation from critics upset with plant closures and lower profits. Mr Smith, 61. told the company's annual
      Reuter  -  523 words
  • Page 11 Advertisements
    • 524 11 555 <?sf! N 77 Variety. With Quality Our famous Nonya Buffet Lunch and sumptuous Buffet Dinner are great value for your money Only $14++ per adult and $B++ per child for a delightful meal Or select your favourite dishes from our a la carte menu. Alum COFFEE HOUSE Apollo Singapore
      524 words
    • 195 11 ENTERTAINMENT x HIGHLIGHTS K>Z\ 4 Ml Ovadaßond the Philippines A sensational band that is sure to ptease with its fast/ slow numbers, favourite oldies and latest rock 7 PHILIP TEA The pop u,ar x I U\J local soloist For your sentimental moments HAPPY HOURS 12 noon Bpm ii||/ DISCOUNT on
      195 words

  • COMMODITIES
    • 393 12 Proposal calls for cut in quotas Reuter AFRICAN COFFEE PRODUCERS have agreed on a plan for international export quotas which would cut the entitlement of the continent's main exporter. Ivory Coast. A formula adopted last Saturday by the 25-member InterAfrican Coffee Organisation (IACO) after
      Reuter  -  393 words
    • 157 12 Reuter THE USE of platinum group metals in Europe is seen rising, at least into the early *****, due to an increase in demand from the automotive sector, a member of the research and consultancy group CPM Group said at a seminar
      Reuter  -  157 words
    • 189 12 Reuter MEXICO and Peru, the world's two biggest silver producers, are seeking to raise the price of the metal in the world market, Mexican Finance Minister Gustavo Petricioli said in Lima on Saturday. "Both of our countries aim for an improvement in the price
      Reuter  -  189 words
    • 1090 12 AFP THE ACCENT was again on precious metals last week as Third World debt fears resurfaced, pushing the dollar lower and diverting surplus funds to safer havens. Gold rose to its highest since February 1983, deriving additional support from
      AFP  -  1,090 words
    • 237 12 Crude palm oil futures closed easier last week on the Kuala Lumpur Commodity Exchange (KLCE) in line with easier overseas sentiments. Turnover for the week was almost halved at 1,375 lots from 2,386 lots the previous week. Spot month June shed Msl4 to close at M 5733 per
      237 words
    • 98 12 WHEAT FUTURES in Chicago closed mostly lower last Friday, ranging from down 2-1/4 US cents per bushel in July to settle at US$2.B7-3/4 to up two cents in thinly-traded new crop July. Refco and E F Hutton were the featured outright sellers in July, but steady scale-down purchases by
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    • 80 12 SOYBEAN FUTURES in Chicago closed 1-1/4 to 5-1/4 cents per bushel lower in quiet pre-holiday trade last Friday, with July settling at US$5.5B-1/2 after posting an 11-cent range. Soyproduct futures closed mostly lower in sympathy with weakness in soybeans and precious metals and strength in the dollar. Soyoil futures
      80 words
    • 321 12 London Commodity Exchange tuyer/Seller doting prices on May 22 (£/toor>e unU ►ss specified) Previous day's dosing prices in parenthesis Coffee (ash In-store London, tellers option CIF London May 1335/1338 (1338/1340) High/low 1345/1333 July 1362/1363 (1370/1372) High/Low 1375/1358 Sales (2149 Cocoa May 1235/1238 (1243/1249) High/Low 1235/1220 July 1258/1260 (1262/1264)
      321 words
    • 142 12 THE PRICE OF TIN on ttM Kuala Lumpur Tin Market (KLTM) doaad steadier last weak at M 516.73, up Ave centa from the previous week's dose. Turnover for the weak roae 95 tonnes to 624 from 529 in the previous four-day trading week. Turnover was highest at 136
      142 words
    • 173 12 Chinese Produce Exchange Stlltri' noon dosing pricti on Moy 23 (SS/100 kg) Coconut oil luk FOB 88.00 Otd drum FOB 98.00 N»w drum FOB 62.00 Copra Mixed (loot*) 50 soMoo Pepper Muntok whit* FOB NLW 1202.50 Sarawak wMl* FOB foq NtW 1187.50 Sarawak ip*dal black FOB NLW 975.00
      173 words
    • 123 12 The Malaysian market continued its steady uptrend last week on nearby speculative buying interest with International RSS one closing at 239.00 cents, up 6.50 cents per kg from the previous week. The market opened higher on Monday and gained strength each day as there was an acute shortage of
      123 words
  • Page 12 Advertisements
    • 1036 12 m m is m PAN MALAYAN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) TWENTY-SEVENTH ANNUAL GENERAL MEETING NOTICE OF MEETING NOTICE IS HEREBY GIVEN THAT the 27th Annual General Meeting of Stockholders of the Company will be held in the Conference Room, 141 Cecil Street #02-01 Tung Ann Association
      1,036 words
    • 15 12 @*>@<</@^||+|"`/]?!_=\|$,{~!>.+ TRADER VK'S <</ S.in !t,initio Hihltboitv Hdr M'>■ r;-* 0!31I fJ H V., If, Rr-3C illlt
      15 words

  • MARKET REVIEWS
    • 5722 13  -  if 1 It 1 Singapore IN By NAJEEB JARHOM AFTER THE PREVIOUS WEEK'S his-tory-making performance, the Singapore stock market took a breather early last week before continuing its rally on Wednesday and Thursday. Friday saw increased profit-tak-ing activity and as a result, share prices were marginally
      5,722 words
    • 299 13 1 l^^ US fa a AFP HEAVY selling in domestic gold stocks, heavyweight miners and resource issues saw the Australian share market close sharply weaker on Friday after a week of see-saw fluctuations. Profit-taking in the mining sector followed further falls in
      AFP  -  299 words
    • 732 13  -  Week ended May 22 compiled by JULIANA TAY SCRIP ISSUES Bedford: Rights issue of one-for-one at 50 cents each M M G Proposed rights issue of one-for-four at $1.00 CORPORATE DEVELOPMENTS Amalgamated Steel Mills Bhd is taking up another 45.4 per cent stake in 43
      732 words
    • 1042 14  -  1 London From RAY HEATH THE HEADLONG RUSH by the London stock market came to a sprawling halt in the middle of last week tripped by obstacles from home and abroad. The biggest, and most significant came late on Tuesday night when
      1,042 words
    • 576 14 r 1 I ew or < AP FEARS of revived inflation have spooked Wall Street's financial markets in recent weeks. But if some analysts are right, 'traders who have been scared out of stocks and bonds have 'only been seeing ghosts. "We still expect that
      AP  -  576 words
    • 471 14 K 1 Hongkong Im! i SHK -THE HONGKONG market firmed "57 points to close last week at 2,898, only two points below the psychological barrier at 2,900. property sector posted the -Jiighest gain of nearly 140 points. •~rZ Sentiment was boosted by the overwhelming
      SHK  -  471 words
    • 357 14 U ,ok, A AFP SHARE PRICES suffered a hefty loss in turbulent sessions last week on the Tokyo stock market with the closely-watched market barometer Nikkei stock average recording the sec-ond-largest single-day setback on Wednesday. The Nikkei average suffered
      AFP  -  357 words
    • 212 14 THE unexpectedly good first-quarter figures of Unilever. announced on Monday, created a buoyant mood in the first half of last week. The ANP/CBS general index attained 292.4 on Tuesday, only one point from April's record high. In the next three days, the index lost six points
      212 words

  • Page 14 Advertisements
    • 92 14 THE CHECKERS HOTEL RENOVATION PROJECT IN LOS ANGELES, CALIFORNIA U.S.A. The undersigned UNDERWROTE A MAJOR PORTION OF THE EQUITY FOR THE PROJECT AND SERVED AS FINANCIAL ADVISER TO AYALA INTERNATIONAL CORPORATION Asian Oceanic Group HONG KONG ISTANBUL NEW YORK SINGAPORE APRIL 1987 Ti [CORD ONLY THE CHECKERS HOTEL RENOVATION PROJECT
      92 words
    • 157 14 In the Matter of The Companies Act, Cap 185 and In the Matter of CHIP HONG HOLDINGS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 185, the final meeting of the members of the
      157 words
    • 603 14 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 185 and IN THE MATTER OF SINGH SOUTH EAST PTE. LTD. (In Member*' Voluntary Winding Up) At an Extra-Ordinary General Meeting of the members of Singh South East Pte. Ltd. duly convened and held at 1 North Bridge Road. #19-04/06 High
      603 words
    • 524 14 IN THE MATTER OF THE COMPANIES ACT, CAP. SO r.\ M i f MANCO HOLDINGS PRIVATE LIMITED (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of MANCO HOLDINGS PRIVATE LIMITED duly convened and held at 5001 Beach Road #03-30 Golden Mile Complex Singapore 0719 on 20th May,
      524 words
    • 485 14 THE COMPANIES ACT, CAP. 80. TAN POH KWANG CARBIDE TOOLING PTE. LTD. (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Member* of Tan Poh Kwang Carbide Tooling Pte. Ltd. duly convened and held at 17 Neythal Road, Singapore 2363 on the 30th day of May 1987, the following
      485 words

  • COMPANY NEWS
    • 569 15 mm By HOCK LOCK SIEW WITH MORE DETAILS smsrging from ths propossd ssls of ths uncomplstsd 400-room Burswood Islsnd Resort hotsl in Psrth, announced s week ego, there are now indications that unit-holdsrs of ths Burswood Propsrty Trust would gain from ths
      By HOCK LOCK SIEW  -  569 words
    • 144 15 UNITED OVERSEAS BANK'S for-ty-fifth annual general meeting last Saturday passed without any event. The meeting, which was over in less than 15 minutes, was smoothly conducted by Mr Wee Cho Yaw, UOB's chairman. Three retiring directors Mr Ho Sim Quan, Mr Tan Keong Choon
      144 words
    • 561 15  -  By NAJEEB JARHOM INDUSTRIAL Commercial Bank has reported its worst profit results since it became a publiclisted company in 1978. It that's not bad enough, the bank the smallest among Singapore's six listed banks plunged into the red in the second half of 1966
      561 words
    • 488 15 MBT SISTEM Televisyen Mslaysia (STMB) will continue to be managed independent of the New Strsits Times Prses (Malaysia) following the latter's acquisition of 12.475 million shares or a 48.8 per cent staks in STMB. Spesking to reporters after NSTP's sxtrsordinsry general meeting
      MBT  -  488 words
    • 171 15 Bernama MELEWAR EQUITIES Sdn Bhd hat been ordered to pay a stock* broking company after failing to enter an appearance to answer a Mslo million suit against it. Meiewar Equities was ordered to pay the money to Noone and Co by the High
      Bernama  -  171 words
    • 113 15 Bernama MALAYSIAN multinational Sime Darby Bhd has announced the appointment of Larry Dubberly as regional director and president of Sime Darby Philippines. Mr Dubberly succeeds Fred Whiting, who is retiring after serving five years in the country. Prior to his new assignment, Mr Dubberly was
      Bernama  -  113 words
    • 1020 15 Equities on Friday showed a firmer trend after an early mark-up in the wake of Thursday's falls but trading activity was small and mostly confined to inter-professional dealings. A higher close on Wall Street helped buying sentiment but with such low volumes the early gains are unlikely to
      1,020 words
    • 101 15 Reuter THE KUALA LUMPUR Stock Exchange (KLSE) begins operations at its new premises in Bukit Naga Complex today to cope with expansion in business. The 5,500 sq m new premises, which cost Mss million to renovate, would incorporate a real-time reporting system on June 15,
      Reuter  -  101 words
    • 225 15 Bernama THE FATE of Promet's international tourist development project on Pulau Langkawi will be decided at a meeting between the company and the Kedah government tomorrow. Mentri Besar Datuk Seri Haji Osman Aroft, leader of the delegation and chairman of the Langkawi
      Bernama  -  225 words
    • 435 15 ww K.Lumpur Bernama IN SPITE OF a technical correction from recent sharp rises, the still steady market undertone saw the Malaysian stock market close higher last week. The Kuala Lumpur Stock Exchange (KLSE) Composite Index was 2.90 points higher over the week to
      Bernama  -  435 words
  • Page 15 Advertisements
    • 126 15 A 3-DAY RESIDENTIAL SEMINAR '/■iii.i i> I Liu 14-1€ JUNE 1987 MELIN INN RESORT Wil KOTA TTNGGI Special Presentation on the Status, Role, Functions Si Objectives of KEJORA (KEJORA) Prrspects of investment m the Agrohased Sector m KEJORA (KEJORA) Procedures tor Land Applications tor Agricultural Purposes (KEJORA) Policy and incentives
      126 words
    • 263 15 APPO ISK SK SINGAPORE PTE LTD n j* ar i Pfoto !>y Courtesy ot tt>e Straits Times On the 15th May, 1987, Ishihara Sangyo Kaisha, Ltd. has its ground breaking ceremony, and begin the construction of its factory from the very day. Being one of the biggest investor in Singapore
      263 words

  • 603 16  -  Large market for insurance companies to tap By GOH YEE LING ONLY EIGHTEEN Central Provident Fund members have bought annuities under the minimum sum scheme. This compares with 140 who have put their minimum sum savings in banks and 930 who have
    603 words
  • 71 16 MINISTER for Foreign Affairs Mr S Dhanabalan leaves for Japan today at the invitation of the Japanese government. During his three days there, Mr Dhanabalan will have an audience with His Imperial Highness The Crown Prince of Japan. He will call on Premier Yasuhiro Nakasone and
    71 words
  • 285 16 OPPOSITION MP Chiam See Tong will ask the Commission of Inquiry today to postpone hearing evidence on alleged corruption charges against former National Development Minister Teh Cheang Wan. Mr Chiam told BT yesterday he has yet to see all the files he thinks
    285 words
  • LATE FILE
    • 56 16 Bernama THE Ms4s million ferry service between Tanjung Belungkur near Desaru and Changi Point in Singapore will be operational at the end of next year. The jetty and terminal are now under construction at a cost of Msll million and would be completed by
      Bernama  -  56 words
    • 40 16 Reuter NEW DELHI police yesterday shot dead at least 11 people and extended a curfew in Meerut to quell Hindu-Muslim riots which have claimed 83 lives in the North Indian city and the capital. Reuter
      Reuter  -  40 words
    • 48 16 AP TONGUES of flame and thick palls of smoke continued to spiral into the sky yesterday from a gas container at Kuwait's Ahmadi key oil export terminal. Diplomatic sources blamed the threei-day-old fire on unidentified aaboteurs. Ministry officials said the fire had been contained. AP
      AP  -  48 words
    • 49 16 Reuter INDIA has urged Sri Lanka to abandon a threatened offensive against the rebel-con-trolled town of Jaffna. An Indian diplomat said yesterday that the appeal came as Sri Lankan troops gathered in the northern Jaffna peninsula for a frontal attack on the town. Reuter
      Reuter  -  49 words
    • 60 16 Reuter PRESIDENT P W Botha made a new appeal yesterday to leaders of the black majority to negotiate with him on South Africa's political future. "Join me in talks and negotiations. We will find the answers to our questions together," Mr Botha said in signed full-page
      Reuter  -  60 words
    • 33 16 Reuter SEVERAL Central Intelligence Agency (CIA) officers have admitted having contacts with Nicaraguan rebels and their supporters that might have been improper, said the New York Times yesterday. Reuter
      Reuter  -  33 words
    • 61 16 Reuter SENIOR South Korean policemen being questioned by state prosecutors have admitted planning a cover-up in the. controversial torture death of a student activist. State television in Beoul said yesterday that some of five senior officers being queetioned admitted plotting to misrepresent the number of policemen
      Reuter  -  61 words
  • 331 16  -  By LISA LEE FORMER Cycle and Carriage chairman Chua Boon Peng's house at 28, Oei Tiong Ham Park,' was sold for $1.55 million in an auction last Thursday. The two-storey detached house, mortgaged to the Standard Chartered Bank, was among
    331 words
  • 246 16 Bernama BANK BUMIPUTRA MALAYSIA BHD (BMB) should not be slammed for its active recovery of loans from bumiputra entrepreneurs as such criticisms could smear the good image of the bank and threaten bumiputra economic interest in the long run. The executive chairman of
    Bernama  -  246 words
  • 73 16 Bernama FOREIGNERS are allowed to buy luxury type of houaes in Malaysia, but they are not allowed to buy medium- and low-cost houses. Deputy Housing and Local Government Minister Datuk S Subramaniam said yesterday. "They can buy the houses if the developers have difficulty
    Bernama  -  73 words
  • 358 16 Reuter FIFTEEN THOUSAND rightwing opponents of President Corazon Aquino yesterday urged Philippine soldiers to come out of their barracks and overthrow her. "Come out of the camps and join us. Cory, step down. Let (former defence minister Juan Ponce) Enrile run the country," protesters shouted
    Reuter  -  358 words
  • 98 16 Sanctions on Fiji may be ineffective UK minister Reuter BRITISH JUNIOR Foreign Minister Baroness Young said yesterday that London doubted the effectiveness of economic sanctions against Fiji to restore constitutional government in its former colony. India. Australia and New Zealand imposed bans on trade with Fiji after a military coup
    Reuter  -  98 words
  • 96 16 AP A BRITISH newspaper said yesterday that a top-secret Nato report has advised President Ronald Reagan to withdraw key elements of US armed forces from Britain if the Labour Party wins the general election. The Sunday Telagraph said the report, classified "cosmic top secret",
    AP  -  96 words
  • Page 16 Advertisements
    • 266 16 Get your free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available. 1. Electronics sector finding it hard to keep wages in line 2. Singapore stays ahead in world labour poll 3. Steps taken to promote offshore oil trading 4.
      266 words
    • 45 16 The world's first Power Zoom Compact! ft. W r I I I'/ If Zoom flash Zoom lens Zoom finder r •Auto focus •Auto exposure •Auto flash •Auto loading •Auto winding •Auto rewinding •Auto film speed setting •Auto lens protector <«« Rank O'Connor's Nil JJ PENTAX zoan-W
      45 words
  • Page 16 Miscellaneous

  • SHIPPING TIMES
    • 446 17  - Role flexibility the key to effective manning on ships By JUNE LIM THE NOTION of minimum manning was not applicable, observed Dr David H Moreby, Dean of Plymonth Polytechnic, UK. If there should be a minimum manning level then it should be zero, he said, since the technology in existence
      446 words
    • 152 17 OWNERS of the 685 foreign going ships registered in Singapore spent a total of $245 million a year, a recent survey by the Singapore Marine Department showed. The sum excluded shipboard expenditure such as crew wages, bunkers and port charges, disclosed Mr
      152 words
    • 219 17 Seatrade Week UNITED STATES and South Korea have reached an agreement for American shipping lines to establish fully styled shipping companies in Korea. The deal was struck after two days of talks, on May 6 and 7, in Washington, Korean
      Seatrade Week  -  219 words
    • 143 17 ONE OF THE shipping industry's most public figures Mr C L Lim, has caused a major surprise by resigning as president of Evergreen Line. Mr Lim, a Singaporean who was key aide to chairman Mr Y F Chang for 15 years, has
      143 words
    • 579 18 Lloyd's Maritime Asia PRIVATISATION efforts by the Aquino Administration have encountered snags, further fueling speculation that the much publicised divestment programme just might turn out to be a big disappointment to the private sector. Slightly over a year after it assumed office,
      Lloyd's Maritime Asia  -  579 words
    • 459 18 NYT THE KUWAITI oil tankers that are changing to American registry in order to gain United States naval protection in the Persian Gulf will be primarily manned by foreigners, in spite of laws meant to insure that American flag vessels
      NYT  -  459 words
    • 185 18 Reuter THE INTERNATIONAL Chamber of Shipping (ICS) appealed to United Nations Secretary-General Javier Perez de Cuellar for urgent international action to protect shipping in the Gulf. ICS chairman Sir Brian Shaw said attacks on merchant ships have continued unabated, despite
      Reuter  -  185 words
    • 139 18 AP CHINA'S VICE PREMIER Wan Li said that Iran and Iraq should stop their war and resolve their dispute under terms acceptable to both sides. Mr Wan made his comments in a meeting with Iranian Deputy Foreign Minister Hossain Sheikholeslam, the official
      AP  -  139 words
    • 961 18 AB Shpg V 5 ABC Container vm 1 Accord Shpg VI 3 Ahrenkiel liner XI 1 Africa Oceon XN 1 Alttronj V* 3 AC Toep<er IX 5 Anro Service IV 2/3 Arrow line* XN 2 Artos line X 3 ANl 1 1/2 AfC line V 4 Afl
      961 words
    • 164 18 Reuter MITSUBISHI Heavy Industries Ltd said its unconsolidated net income fell 39.4 per cent to 30.38 billion yen (US$2l7 million) in the year to March 31. The heavy machinery and ship builder said sales dropped 10.5 per cent to 1,639.74
      Reuter  -  164 words
    • 1120 18 A GENERALLY subdued freight market on Thurday was featured by increased grain chartering out of the Great Lakes, shipbrokers said. Two grain vessels were arranged from Thunder Bay to Tilbury for 16,500 and 13,500 long tons respectively, both at US$22, while a voyage for 17,000 long tons from
      1,120 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
    • 184 19 Reuter REPRESENTATIVES from more than 50 countries have drawn up a draft convention on terrorism at sea. the Italian Foreign Ministry said today. It said the convention, prompted by the Achilla Lauro cruise ship hijack in October 1985, drew up international guidelines for
      Reuter  -  184 words
    • 333 19 Reuter, AFP KAWASAKI KISEN Kaisha. Japan's third largest shipping company, has announced a drastic rationalisation programme to cope with the prolonged shipping recession. The programme calls for a cut ot nearly half of its seamen by 650, one-third of its fleet in
      Reuter,; AFP  -  333 words
    • 302 19 PERHAPS it was time to forget the future and get back to the past, for airship transport was again making sense, R G McFarlane, of Alberta, Canada, suggested at the biennial conference of the International Cargo Handling and Co-ordina-tion Association in
      302 words
    • 158 19 THE INDONESIAN government has impounded 11 foreign fishing vessels after a court determined they were operating illegally in Indonesian waters, an official said. Indonesian Navy spokesman Col M A Suprjo Taram said the Navy caught the ships in February off the Indonesian island of Natuna
      158 words
    • 397 19 FOUR BULK carriers built this decade have been placed on the market. Brokers say these are the 75,485-dwt QuN Grain and GuN Steel built 1982 and 1983 respectively, and the 75,524-dwt El Aalim and the 75,686-dwt El Afflfflam both built 1983. Offers are also invited for the 130,250-dwt Anla,
      397 words
    • 114 19 AFP THREE MAJOR Japanese shipbuilding companies will join forces in a bid to win a contract for the construction of a giant passenger liner planned by Kloster Shipping Group of Norway, the companies said. The three companies Mitsubishi Heavy Industries Ltd, Ishikawajima-Harima Heavy
      AFP  -  114 words
    • 107 19 AP SOUTH KOREA will build a US$l billion port on its central west coast, designed to handle 40 million tons of cargo a year by 2000, the Korean Construction Ministry said. The port, to be built at Pyongtaek, 55 kilometres southwest of Seoul, is
      AP  -  107 words
    • 8516 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.
      8,516 words
    • 1941 26 Who acts for whom A —B AB Shipping Boustaad Shpg Agencies ABC Containerize NV Spore Shpg (S) Accord Shpg Accord Shpg (S) Africa Octtn Lines Sealion Shpg (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceanus Shipping Agencies (S) MuMport Sdn Bhd (PK) Alttrsns Alltrana Expraaa Amertcsn Praaidant Lines
      1,941 words
    • 852 27 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movement Ship Voy date/time Operator cargo schedule Location Toyama 158 *****7 2000 Ned-EAC F7 1100-1200/1000-1100 A7/C7 Malta lu 812W 25 05.87 2300 Sea Cons F8 1300 1500 R1 leise Ms 8708 26 05 87
      852 words
    • 440 27 AT CONVENTIONAL WHARVES V«SMl Berth Arrival Departure KEPPEL WHARVES Caly K35 alongside 30 05/0600 Globe Troder KI5 alongside 2905/1500 Frances Bay K27 alongside 26 05/1200 CS Ocean K32 alongside 28 05/0700 Als Endeavou K32 olongside 2505/2300 Equator III K23 alongside 2505/0700 llmamui KI9 alongside 25 05/0600 Rajah
      440 words
    • 429 28 Reuter LUFTHANSA will take a 10 per cent stake in Hapag-Lloyd by buying the 5 per cent of the company from both Deutsche Bank AG and Dresdner Bank. A company statement gave no financial details of the transaction. The sale
      Reuter  -  429 words
    • 131 28 Reuter THE STRIKE by around 400 registered dockers at the Port of Immingham, which brought berths there and in Grimsby to a standstill last week, is expected to be over by tomorrow, George Higgins, deputy chairman of the Association of Port Employers said. Joint
      Reuter  -  131 words
    • 353 28 Reuter WORLDSCALE nominal freight rates for tanker chartering will rise 11 to 16 per cent from July 1, the International Association of Independent Tanker Owners (Intertanko) said in a letter to members. The changes result from the half-yearly appraisal of rates
      Reuter  -  353 words
    • 212 28 THE SUEZ CANAL generated US$l,ll9 billion for Egypt last year. US$l9O million more than 1965. the Suez Canal Authority said. A spokesman said one reason for the 1986 revenue increase was a 38 per cent jump in tanker traffic. Net tonnage for 1986 was
      212 words
  • Page 17 Advertisements
    • 812 17 How S.E. Asia ■poet the logical West uv.\rA\ HILARIOUS. TRAGIC. DANGEROUS. Available at all Good Bookshops STP Distributors 2 Jwonq few* Rom f at fht JARMNC WmtK AGENCIES NB. MM6* OQK •llll* 200 ObiiM lilt tart #12-06 MM*. S*ppon OB Ml if/ TM *****1 TELEX NO RS ***** ORIENT OVEIQEAS
      812 words
    • 109 17 QGBJDB PRIVATISATION efforts by the Aquino Administration hove encountered snags, further fueling speculation that the much publicised divestment programme just might turn out to be a big disappointment to the private sector. Pag« II KAWASAKI KISEN Kaisha, Japan's third largest shipping company, has announced a drastic rationalisation programme to cope
      109 words
    • 1078 17 SHE HAD POWER. SHE NEEDED LOVE. SHE WANTED REVENGE. Emma Marte is A WOMAN OF SUBSTANCE But what is the price she has paid? Available at all good bookshops MAERSK LINE SINGAPORE/U.S.A now calling direct at OAKLAND v°* rpor» TNo Arthur M Cioemg Tune CV 27* 2300 MRS CFS 27*
      1,078 words

  • Page 18 Advertisements
    • 285 18 EUROPE/FAR EAST CONVENTIONAL SERVICE TEL: 03******50 MALAYMA SON. MB. TLX: ***** MTM Frt. Booking contact Miss Gan ANG S PORE LOO. FOR Further load/ discharging porta en rout* subject to sufficient inducement Singapore Office MTM S pore. Tel: *****00 Tlx: RS ***** MTMSEA. Fax: *****45. Y.S. LINE YAMASHITA-SHINNIHON LINE TRANS-PAOFIC
      285 words
    • 19 18 Lines and services represented by Members of the Registry of Accredited [-■(ail Shipping Agents, Singapore National Shipping Association v*?
      19 words
    • 244 18 SENATOR LINK TEL 534*1477 TAX. 82-MB iC3 OUTBOUND TO NORTH AMERICA LOADING DATES ARRIVAL DATES ef m a e ■EF 713 KK EUROPEAN SMATOSTEF 79* 20 06 DUTCH SENATOR EF 70S MS7 i m y; >: raw'em-" 31 INBOUND FROM EUROPE SAVANNAH, TAMPA, CHARLESTON, MIAMI. ACCEPTING CARGO FROM HAMBURG, OTHER
      244 words

  • Page 19 Advertisements
    • 943 19 The Straits Steamship Group F STRAITS SHIPPING f Singapore to Sabah, Sarawak, Brunei Ports and Bangkok i Pew Mansfield Container Shipping Re Ltd B&OCLjH^ p&o Containers Limited CONTAJNERSHP SERVICE TO UK/CONTMENT PEGASUS PRIDE PtCASUS PRIM BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL *****80 STRAITS PR IDC RAJAH BROOKE AU|Y STRAITS VENTURE
      943 words
    • 815 19 CHARGEURS REUNIS 3':iiai7.v /v UM. MMm 1M SM iZ 11 M MUMTERRANtA 17 Jw It Jun SM 7M IM Q M Aaaptfe| CARGO tar ■irHtpii t C*y«M (MED CLUB MEMBER) NAKATA MRU KMTERRANCA *Apr 2 mm I m, ■uMTEHIANU 24 Apr a Apr 7 Bto* UMm »m, ■ONT BLANC BURU
      815 words

  • Page 20 Advertisements
    • 247 20 £H CONTAINERSHIP SERVICE TO UK/CONTINENT Hapag-Uoyd CONV SEMI CONTAINER SERVICE TO EUROPE CONV SEMI CONTAINER SERVICE TO MED EUROPE CONTAINERSHIP SERVICE FROM UK CONTINENT Singapore *****66 Booking *****78 Freight *****00 CFS *****48 Terminal *****33 K. Lumpur *****25 P. Kelang *****18 CFS *****50 Penang *****7, *****2 *****3 TTTTTTOTi SOUTHEASTASIA PTE. LTD.
      247 words
    • 718 20 JJff.&.LINE ,#«/< tm*nnl TIM FULLY CON TAINERISED SERVICE TO EUROPE VIA SUEZ 1 Mfmbff ol thf cf ComoftlufTl ACE CONCORD 9B BAY BRIDGE IS* HON GATES BRIDGE 5 ORIENTAL CHIEF 548 KOREAN JACEJIN 398 CHINA CONTAINER 401 •PMLANC CTRS VIA FEEOCR VESSEL FROM L'JROPE VIA SUEZ Mfmbff ol the Ace
      718 words
    • 463 20 K&S LINE JAPAN/HONG KONG/STHAITS StRVILt SANKYO LINE (S) PTE LTD 143 Ocrf Street #10 04 GB Buildmf S po»f 0106 FH ??19?« Pod Tiji Pmj S(*pp*H Sd" Bhd If) 03 *****?4 b Pf inj Mjljvuj Trade transport ltd lel 04 *****3 Paur uddj»( Malaysran Sttppmj »ieooes Sdn Bhd lel 0/
      463 words
    • 949 20 r a EVERGREEN ill C Sr Round-The-Wo rid East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) Xfi 1/7 10/7 12/7 13/7 I*7 If m W 1M 1/7 1/7 11/7 20/7 21/7 24/7 IS* 17/1 ll* 21/1 7/1 S* 1M 13/1 14# 16* 17* 20/1 WWW 13/9 14/1 17/1 KSC HKC SCP
      949 words

  • Page 21 Advertisements
    • 561 21 PACIFIC INTERNATIONAL LINES PIL Building. 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE INDONESIA CONTAINER SERVICE BANGKOK CONTAINER SERVICE PASIR GUDANG CONTAINER SERVICE RED SEA/EAST AND WEST AFRICA SERVICE KARACHI/M.E. GULF SERVICE CHINA SERVICE KOTA HATHA KOTA TMUN 1M«I SHANOHAI/DAUAM BANGKOK SERVICE INDONESIA SERVICE KOTA PCLANOI
      561 words
    • 634 21 BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT un u* 22* vn on an on on IP UP 12/7 UP up OP op op an up ap ap a/7 a/7 i* i* H M a* on IS* 21* EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ■'HAVEN rMa HAm 1 P KLANG S PORE
      634 words
    • 562 21 DJASAGETRI A Joint Europe Service Of. P.T. DJAKARTA LLOYB P.T. GESUII LLOYB P.T. SAWBBA INBOMESIA P.T. TtIKORA LLOYB EXPRESS SEMI CONTAINEItSNIP SERVICES ANTWERP S PORE BILBAO BREMEN A'DAM/R DAM N'BURC 3/5 11/7 15/7 T«B 11/7 11/7 14-lW 12/7 15/7 w 22-24/S 25/7 2J/7 31/7 3/1 30* 2.7 M 13/0 VESSEL/VOY
      562 words
    • 397 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loading for Rangoon PA-AN VIIIW PAGAN VU4N Spore P.I vramti Ifi turn P.Ktlang Ptnang Bangkok BANK line EXPRESS SOU-CONTAINER S CLYDEBANK V2ON 70 TAMAITAI SAMOA V.ION 27/6 FORTH BANK VI9N 1/7 (CAI IVY BANK VI9N 26/7 SPOKE ROAM HULL 7/8 3/7
      397 words

  • Page 22 Advertisements
    • 1253 22 > LinE SHIPPinG OFITPi flTLflriTlC COAST (Round-The-World Service) N. JADE V 7 29 Miy 20 Jur 0. FAIR V 3 5 Jun 27 Jur RAINBOW BRIDGE V 7 12 Jun 4 Jul N. GARNET V 9 19 Jun 11 Jul PACIFIC SOUTH-WEST FEEDER VSL PK PN SP N. JADE V
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    • 713 22 'M AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Feod* PKtfant I in* Vessel S port llMt From Sfdn Also Accept 9 June RAMDAS *29 15 June Jun« 9 July ?M) Mel/Sru 9 Jun "CMANOIDAS" V2S 27 Junt 11 July July It Juty AdeCßns ESTECLIPPER *15 14 July HABIROAS V3S 16
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    • 794 22 tT7& GOLDEN LINE Wre £>. GUAN GUAN SUPPING (PIE) LTD »li« Ny/v I 23. I«N» <T» sir Ml lp-* 4 SRKAPORf lIM TU 5141M1 (1* UK) STRAITS/PERSIAN GULF SERVICE: Sport P KotomPo* OOLDCN HARVEST Cotanbo/KaractM/Mifla Qotwoo/Out)* Bo* GOLDEN HAVEN Cotombo/Korochi/Muwt/BohriMi MAS Juno— CHINA SERVICE DAI TUN SHAN HsinHni/Shtnthx M/H CHINA
      794 words
    • 442 22 m PHIL 11 RON SHIPPING AGENCIES Pit I ID PHIII OR IE NI LINES PIE LID HMD OlflCE 63 ROBINSON ROAD at): l. 1 «(RO AMA BOItDING SINGAPORf 0106 Til 21' iK?? <8 •#><» i TEIEX RS ***** PHIiI FAJ 7?bb€;6 MIDDLE EAST/FAR EAST FCL LCL SERVICE VESSEL ETA SINGAPORE
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  • Page 23 Advertisements
    • 941 23 NEPTUNE AGENCIES PTE ITO. FE tU/AUST TPA/SEA T«Ju,i CFS BOOKINGS 27*5753 27*5742 S3S"S» ass ga» NEPTUNE ORIENT LINES LTD L. J.Bahru NEPLINE SON. BHD. 3dNB7 j* NEPLINE SDN. BHD. 261M33 NEPLINE SDN BHD. *****5*276«*27«1*27i»2 NEPLINE SDN. BHD. *****8/23MH1 INWARD/OUTWARD ENQUIRIES *****44 SERVICE A DMmbw of th« ACE Consortium Fa Cargo
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    • 126 23 1 1 4< TAYO SHIPPING LINES PTE LTD TEL *****25 (3 Lines) TLX RS ***** TAYOIN VESSEL PIYA I VIZANALEA SINAR MEGA A VESSEL ETA ETD DESTINATION 30/6 10/6 CHITTAGONG/COLOMBO* 20/5 22/5 PORTKLANG/ INDONESIAN PORTS 26/5 27/5 PEKAN BARU/DUMAI 2/6 ALEXANDRA REGULAR SERVICES TO INDONESIAN RORTS SUBJECTED TO INDUCEMENT JVanfai/Vne
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    • 476 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON Vmml'l Nimt No 7 Donam/7WN No I oon*m/704N No 6 Don»m,7o6N No 1 0on»m/7MN M Ent*rpriM/711N No 7 Donam/TOSN No I oorum/7QSN No t oon*m/707N No 9 Donam/705N S PORE AGENTS NEPTUNE AttNCIES PTE LTD Ttl
      476 words
    • 597 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. KELANC PEMAMG M/S HANDLING SYSTEM CO SON. WO MESSRS HAI THONG SHIPPING 127 fWw Street Pmx
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    • 53 23 FERI MALAYSIA SDN. BHD. POPO CONTUNIP Pfli 1 HIS€D WHMV SFPVICf TO KIJfiNIHN KUCHING H KINABAIU SISC ACCEPTING SI If DRIVfN HfAVY Vt HICKS m MlVlilalll.Tf'l'Wliijiili"] 19, K«pp«l Rood #05-02/03 JH tufldtng S'por. 0208 T«h *****38 (5 Urwt) Tlx: KS ***** SEAKO Fax: *****25 ftooMng Ag*n»-. SJA.S. Pt» Ltd T«fc
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  • Page 24 Advertisements
    • 406 24 SINGAPORE SHIPPING CORPN.(PTE) LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA, RS ***** A/B SSCAO VE B DEUTFRACHTSEEREEDEREI ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE i.;':: v. r m i l v i m iin >v. I■ 'V T IPiMI •VIA COLOMBO: Accepting cargo for Bombay. Cochin Madras ""VIA
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  • Page 25 Advertisements
    • 206 25 tmmmm rap CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG i SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****6, *****8, *****5 07-*****1, *****3, *****5, *****0 02-*****22 *****88 Will WEEKLY FAR EAST/EUROPE CONTAINER SERVICE I TO EUROPE 111 rrr FEEDER BUTANG MTHR VSL P. PERBAI IK KORRIGAN 171 P. SUNSHINE
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    • 112 25 P. Kaiang Panang S'pors AUSTRALIA Accepting P Chalmers B»o« Of lyttelton ond Tourongo Oreo ETA KK 26/5 #€TA 6KK 26 6 Jakarta Singapore Panang PL Kaiang *Accap'>ng con>o«n only A A»a/***** A Fremontle,o676l A. Temosek/***** A Joyokorto/***** EAST COAST SOUTH AMERICA j Singapore Buanoa A tree Monte* lonin,l IB Aconcoguo/248
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  • Page 26 Advertisements
    • 273 26 TO: EUROPE (WESTBOUND) mm i:ii aai: i (EAST-BOUND) LJIjBDZ ■E3B[3EDmEHOIE9BIE3OI 3LOBC TRADER BANGKOK NAVEE SUNBHIP AGENCIES PTE LTD *20 McCatom SiTMt #164)1/03 Aria Chomban, Singapore 0106 *****22 (7 km) (Fa*.- *****05 KIE QWAN SHIPPING (M) SDN BHD. t. Man* *****22, *****62 MALAYSIA TRADE TRANSPORT CO SON BHD Panangi *****3 (4
      273 words
    • 480 26 FINE LINER SHIPPING PTE LTD 1 JO Shenton Way. 04 02C Marina House. S pore 0207 TEL *****77 Lines) \z TLX RS ***** FLINER I' EUROPE SERVICE nft 224 ■i m 1/7 tSi uR vfi FAR EAST SERVICE EESEIE2SEIE2M MIDDLE EAST GULF SERVICE an an on an an up up
      480 words
    • 570 26 ZIM FULL CONTAINER SERVICE accaptinf FCL/LCL carjoas to USA East 6 West Coast, Carribbaan.East Canada. HAITI, Port Au Spain, Barbados N. ST. LUCIA. vessel ZiM S P0« J.'Hlii'.HUil i/H U.Hd i'il ACCEPTIHS CARGO TO AOELAIDE VIA MELBOURNE MO ALSO FCL TO QUAM. ZIM EIUT CONTAINER LINE VESSEL IN KAOHSIUNG IIA
      570 words
    • 423 26 Everett Lines 1 COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" 4' """j la and a* Mm PariiMWi parts «*ti traflsfopßwnt at K Kobe On CPV Throufti Bite ft ladm* to fmal dest utor (aba On CPV Throufti Bte o< La*n| to fmal dastinatnn Pw»nf* P. Ktlang iOMNEVERETT MURRAYEVERETT THOMASEVERETT *77
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  • Page 27 Advertisements
    • 222 27 Hamburg West Germany Tiger Line Common Carrier Feeder Services |SEL VOY SINGAPORE CALCUTTA MADRAS PRELUDE Oil SAILED SAILED IN PORT PRELUDE 019 01-01 JUN 07-10 JUN 13-13 JUN PRELUDE 020 19-19 JUN 25-27 JUN 30 JUN-1 JUL Common Carrier Feeder Service For Main Line Operators Only. Agents: C.F. Sharp Company
      222 words
    • 267 27 L 31 PERCH OCEAN LINES (Perfect China Ocnn Shipping Lines) CHINA SERVICES Destinations: Etd. S'PORE Etd. PKLG SHANTOU, GUANGZHOU HUANGPU, XIAMEN WFFKLY HAIKOU, ZHANJIANG XINGANG, QINGDAO SAILINGS SHANGHAI ft OTHER PORTS r~ a u J ELS (MEMBER OF THE PRESS GROUP) WEEKLY CONSOL SERVICE LCUFCL U.S.A. (East West Coast Ports)
      267 words
    • 262 27 PERINTIS LINE WEEKLY FULL CONTAINER SERVICE SINGAPORE JAKARTA VESSEL VOY SINGAPORE JAKARTA RATU 06/09 In Port 26/05 28/05 90/05 KONSORTIUM 10/11 01/06 02/06 04/06 06/06 12/13 08/06 09/06 11/06 13/06 14/15 15/06 16/06 18/06 20/06 PRABHAKTI 64/65 28/05 29/05 31/05 02/06 66/67 04/06 05/06 07/06 09/06 68/69 11/06 12/06 14/06
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    • 625 27 0-2 COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA i to all U.K. totifwttont. Scandinavian (Aartnrt, Uptntvaftfi. Gothenourg) and i OUTBOUND TO MEDITERRANEAN 1 »ia I h OUTBOUND TO W.AFRICA i *1 SPORE DAKAR MONROVIA ABIDJAN i, MI < 'I INBOUND FROM EUROPE/FOR FAR EAST PORTS
      625 words
    • 493 27 P M LINE CONVENTIONAL LINER SERVICE JAPAN/STRAITS/JAPAN EXPORT POMEX PIONCU UN Subjact to urgt indu Juno 7/1 *Jwm 11/11 'Jim 1104 POMEX SAGA US Jono I*ll POMEX PROWESS 1« Junt 1*29 Cargo well occ»p' to Japan forls including hpovy cargo Ukm 50 K/T) tubfact •to cargo inducement All porliculorj pl«a»
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  • Page 28 Advertisements
    • 412 28 f&FARGO SHIPPING COMPANY (PTE) LTD. REGULAR EXPRESS FULL CONTAINER AND LCL SERVICE INBOUND AGENT FOR ABC CONTAINERLINE From USA7Canada/Europ«/Medlt«rran«an 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 AFwca Ocean Unes Ltd. Am NIGERIA. WEST AFRICA SERVICE ACCEPTING
      412 words
    • 395 28 Arrow Lines IS'PORE/COLOMBO/S. AFRICA VSL S PORE COLOMBO DURBAN CAPETOWN ARROW PRINCE 12A 7/6 12/6 30/6 1/7 ARROW KING 16A 24/6 29/6 13/7 22/7 Maputo call subject to inducement S'PORE/BENGAL/E. AFRICA VSI S'PORE CHITTAGONG CHALNA E. AFRICAN PORTS ARROW DUKE 1A Sailed 26/5 29/5 *12-21/6 ARROW QUEEN 2 2/7 9/7
      395 words
    • 204 28 INTRANS DISTRIBUTION SERVICES PTE LTD Tel: *****33 Tlx: RS ***** Fax: *****79 REGULAR FCL AND LCL CONSOLIDATION SERVICES FROM TOKYO KOBE ROTTERDAM OUTBOUND REGULAR LCL CONSOLIDATION SERVICES TO BANGKOK HONG KONG ROTTERDAM FCL/LCL SERVICE TO USA (EAST/WEST COAST) PTTn ids INBOUND COLUMBUS LINE REEDEREI GMBH •A SERVICE Of HAMBURG-SLID' EXPRESS
      204 words
    • 463 28 MOL Mitsui OS K. Lines Ltd FULL CONTAINER UK/CONTINENT (TRIO) MEDITERRANEAN (MED CLUB)* KITANO MRU Iff LAMS BAY M KARUKURA BAKU 07* KURAM MRU 12* BENAVON B|l liverpool iat an RHINE MRU mp cm OF EDINBURGH 077 FRANKFURT EXPRESS 13/7 Al« Aocaabni Carp Far HMBknr| to Ce»e*A*» Mtof*a toAmhm* I
      463 words
  • Page 28 Miscellaneous
    • 167 28 Regional Weather ifj 7x S Z Jt X yf m X m Aft n ri 5 rr SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed in knots Wave height LEGEND: R Thunderstorm Temperature Q X\ Shower Weather Wind direction with speed in knots Rom
      167 words