The Business Times, 10 July 1984

Total Pages: 26
1 26 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 66/1/84 TUESDAY, JULY 11, 1984 60 CENTS
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  • 543 1  -  Hyundai to get Bpc stake in national shipping line By CHAN OI CHEE NEPTUNE ORIENT Lines, the listed national flag carrier, is offering a substantial 8 per cent stake in the company to Hyundai Heavy Industries Co Ltd of South Korea. The equity interest,
    543 words
  • 318 1  -  By TSANG SAU YIN THE PAST-MOVING Pan Electric Industries group has made a conditional agreement that may lead to an eventual takeover of Pan Asia Shipyard A Engineering. To date, Pan-El has formally acquired 8 per cent of the Issued and fully paid-up shares
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  • 101 1 AP OPEC's Market Monitoring Committee is telling oil ministers they should stick with current prices and production levels in the face of a weak market, committee chairman Mana Saeed Otaiba said yesterday. He spoke to reporters following a meeting of the four-coun-try group, which
    AP  -  101 words
  • 339 1  -  By TERESA LIM, Hongkong Correspondent HONGKONG stock prices plunged almost 50 points yesterday to their lowest level in about a year and a half. The Hang Seng Index dipped below 800 points to close at 773.60, and total turnover was HKJ149.69 million. The sharp drop
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  • 383 1  -  By ZHOU MEI, Economics Correspondent, in Jakarta MEMBERS OF ASEAN have been reminded of the vital importance of an open and free trade system to each and everyone of them. Mr S Dhanabalan, Singapore's Foreign Minister, said yesterday that Asean could
    AP photo.  -  383 words
  • Article, Illustration
    67 1 RENEWED concera over interest rates seat share prices lower sa the Singapore stock market yesterday. The BT Composite Index last 7.15 points to 815.47 while the Straits Times Industrial Index finished 1.74 points lower at 8i5.41. The market is expected to drift downwards this week. In the ahseace
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  • 277 1 THE SINGAPORE Manufacturers' Association (SMA) wants to correct the misconception that it is an organisation which is solely for local manufacturers. Its new management committee headed by chairman Tay Kwang Seng emphasised yesterday that it wants to be more visible
    277 words
  • 172 1 HUDC FLAT owners will be managing and maintaining their housing estates if a Bill introduced in Parliament is passed. The HUDC Housing Estates Bill, first read on June 29, seeks to establish corporate bodies, comprising all HUDC flat owners, to take
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  • 229 1 ASEAN SHOULD work towards u early warning system which wonld enable It to mitigate any adverse economic developments in the future. Tan Sri Ghaiali Shalle, Malaysia's Foreign Minister suggested this in Jakarta yesterday. He expressed disappointment at the outcome of the London
    229 words
  • Page 1 Advertisements
    • 150 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Arab atataa reluctant to touch Opoc accord, Paga 6 BLAUPUNKT All the way better a m--4 FuWy imported from WMt Germany, Blaupunkt Superior Quality ensures that viewers get excellent reception for SBC Text with the built-in Teletext decoder equipped to transmit vital information instantly
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    • 258 1 \mm SHARE INFORMATION 13 RAW MATERIALS 12 MONEY EXCHANGES 7 AIRCRAFT 5 PEOPLE-IN-BUSINESS 4 CROSSWORDS 9 SMITH-CORONA will pro- HIIR VIEW COMPANY NEWS duce half a million electric Wei wlb wi SUPREME PI ANTATIDN rrr TOUGH MEASURES against work permit holders who morry Industries Bhd is being turnif nnH J
      258 words
    • 8 1 Full report, Pag* 13 Asian stocks, Paga 11
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    • 35 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Kmm-- **sfi■ -si i 4 +,i' <•> vcc(ustu 596 QDktfJk l«fa mil (litmus h rntiml. Rodenstoch Quality before your eyes Sote Agents »c* Singapore Matavsia sin i<v%MriG optiom pte. Ltd.
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  • Page 2 Advertisements
    • 116 2 FEBRUARY 1985, SINGAPORE WILLHAS/E ANEW HEART OF FINANCE. The new headquarters for the Monetary Authority of Singapore. A building with a unique design on the outside and all the latest facilities inside. The new MAS Building will make an impression from the moment you walk into its vast and beautiful
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  • HOME NEWS
    • 300 3 A TOTAL of $13 million worth of contracts were recently awarded by the Housing and Development Board and the Public Utilities Board. The majority of the $6.9 million worth of HDB jobs, won mainly by local companies, went to the construction of roads
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    • 212 3 THE PUBLIC Utilities Board ha 9 concluded an agreement with Arthur Andersen Associates Ltd to design and install a new materials management system. This will replace the board's existing stock accounting system and inventory management system. This is the first step in the implementation of
      212 words
    • 77 3 Seminars and courses DURATION TITLE VENUE ORGANISER July 2-4 Predicting Corporate Financial Distress Novotel Orchid Inn Institute Of Banking Finance July 2-6 CAE/CAD/CAM: An Introduction to Factory Automation Jurong Town Hall 1 Singapore Polytechnic ED6 Conferences July 1I&12 How To Manage Control Corporate Accounting NonFinancial Systems Dynasty Hotel Institute
      77 words
    • 267 3 TO TAP the vast potential of the market la the US far Incentive travel, the Singapore Convention Bureau, together with Singapore Airlines aid memhen of the «ngapere travel ladnstry, will be taklag part ta the Werld Congress A
      267 words
    • 424 3  -  By LISA LEE THERE IS no need for an opposition in Parliament, said the People's Action Party's latest candidate. Mr Wong Kan Seng, PAP's 14th new candidate, thinks the MPs have done a creditable job in representing the people. He cited the recent
      424 words
    • 364 3  -  By JOHN LIM AN INCOME Tax (Amendment) Bill, to effect the changes announced by Trade and Industry Minister Dr Tony Tan in the last Budget statement, has been introduced in Parliament. The Bill, which was subjected to the first reading on June
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    • 106 3 THE THIRD basic training course for the Singapore AntiNarcotics Association's (Sana), Volunteer Aftercare Officers will begin next week. The course of eight lecture-cum-discussion sessions is geared towards equipping the officers with the basic knowledge and understanding of the problems and needs of ex-drug
      106 words
    • 369 4  -  By JOANNE YAP VERY STRONG demand for its typewriters has forced SmithCorona to postpone plans to invest up to $18 million in new product lines. From July this year to next June, the company will produce more than 500,000 electric typewriters, 11.5 per cent more
      369 words
    • 71 4 KC DAT has acquired World Transportation (FE) Pte Ltd, an airfreight forwarding company. This follows Bousteadco Singapore Ltd's recent acquisition of 70 per cent of KC Dat, one of Singapore's biggest removal companies. Mr Eric Lim, general man- ager of KC Dat, said: "The acquisition of
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    • 273 4  -  By JOHN LIM ELECTRONIC Data Systems (EDS) is investing $2 million to boost its software development activities in Singapore, Indonesia, Malaysia and Australia. Managing director, Mr Mohan Wijeyekoon, said a substantial part of the new investment will go towards the launching of
      273 words
    • 353 4 DEBBIE TEO has joined Data pool (S) Co Pte Ltd as its marketing executive. She will be responsible for the marketing of their range of services. Prior to her new appointment, she was with Mayer Response Advertising. DAVID JACKSON TAN is now director at Tuan Sing Holdings
      353 words
    • TRADE TALK
      • 66 4 an international exhibition and congress on technological developments in the motor industry, will be staged at the National Exhibition Centre, Birmingham, next year. The biennial Automotive Technology Congress and Exhibition (Autotech '85) will run from Oct 29 to Nov 1. It is sponsored by the automobile division of
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      • 31 4 has become the first charge card to be accepted by the Friendship Store in Beijing. An agreement was reached recently between American Express International Inc and the Friendship Store.
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      • 76 4 Corp of Louisville, Colorado, announced a new 125 inch-per-seeond (IPS) tape subsystem called the 4650, and an option that allows four computer channels to be connected to any of its 4600 Tape Subsystems. The 4600 series consists of self-contained tape subsystems featuring an integrated controller for space and
        76 words
      • 111 4 of the Government Chemist in Britain has published a folder containing lists of papers and records which are now at the Public Records Office at Kew, UK. The folder provides detailed references to guide historians and those interested in the development of analytical science and chemistry. Records date
        111 words
      • 66 4 and Idler Rebuilding Machine can be built up for performing various jobs by adding optional components which are inexpensive and easy to install. It is suitable for welding work, be it in the building construction or other industries. The submerged arc welding is the most suitaide for rebuilding
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  • Page 3 Advertisements
    • 275 3 A l\. s a corporate decision-maker, how will you help choose the right minicomputer system for your organization especially if you have no data processing knowledge? A mass of technical data is not the answer. You need to gain a practical, comfortable awareness of the subject. And that's why IBM
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  • Page 4 Advertisements
    • 244 4 m >: i# Hi As an integral part of the innovative CHATS (Clearing House Automated Transfer System) programme, TI Business Computer Systems enable bankers to make instant transfers of funds. Thus eliminating the need for time-consuming cashier orders or the actual transfer of physical cash. While exploiting all the advantages
      244 words
    • 90 4 South East Asia's high-tech electronics industry goes shopping at iriTGßnepcon semiconDuaoß inTERnATIOnAL REPUBLIC OF SINGAPORE 16 18 August, 1984? World Trade Centre Hall 2, Singapore jMsHHU Mmm+mh i if V, U% K m m m Pi fmmmmmm i ilgma •mm mm in in iit iiii.nv;ijw■yiiy <ii#:uicivs LUMg|jM*g^ m Please send
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  • OVERSEAS
    • 283 5 AP CARIBBEAN countries have 'the same potential for rapid growth that South-east Asian countries have shown, but must «find a way to insulate their economies from the effects of international recessions, leaders at a Caribbean summit in Bahamas said. I "Some leaders in this region
      AP  -  283 words
    • 55 5 Reuter EUGENE Rostow, the former director of the US Arms Control and Disarmament Agency, said that Washington should not sign a pact with Moscow limiting weapons in outer space. In an interview with Newsweek magazine, he said that until Russia curbed "Soviet expansion fuelled by aggression", Washington
      Reuter  -  55 words
    • 110 5 AP FORMER CHINESE construction and environmental protection minister Li Ximing has been promoted to Beijing's Communist Party first secretary. The Chinese government said yesterday that Mr Li, 58, replaced 74-year-old Duan Junyi, who remains a standing committee member of the party's central advisory commission. The official Xinhua
      AP  -  110 words
    • 130 5 Reuter FRENCH NUCLEAR testing at Mururoa Atoll in the South Pacific has not increased cancer rates among the people of the *rea but has caused structural damage to the atoll, said a three-nation scientific investigation released yesterday. The report of New Zea- land, Australian and Papua
      Reuter  -  130 words
    • 796 5 ARRIVALS Operator Strvici Locol From number f»nw PAA PAS 0020 JFK/SFO/HKG CAL 0009 0040 TPE MAS MH681 0620 KUL MAS MH601 0905 KUL MAS MH67I 0935 KUL MAS MH811 0940 PEN RBA ***** 1000 BWN SiA SQ103 1005 KUL CPA CX710 1035 HLP OA GA960 1100 HLP
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    • 176 5 AP PRIME MINISTER Robert Muldoon of New Zealand reacted with scorn yesterday to a poll showing that his government faces a massive defeat in next Saturday's general election, and the opposition urged supporters not to be over confident. Mr Muldoon, seeking his fourth successive term,
      AP  -  176 words
    • 416 5 UPI BRITAIN may expel top Nigerian diplomats if police confirm they were involved in the botched kidnapping of multimillionaire politician Umaru Dikko, Nigeria's most wanted fugitive. The government maintained official silence on Sunday over the abduction of the ex-trans-portion minister found comatose in
      UPI  -  416 words
    • 140 5 AFP AUSTRALIAN FOREIGN Minister Bill Hayden Ha» said that Indonesian death squads have murdered between 2,000 and 4,000 people since April 1983. Mr Hayden, appearing on the Brisbane television gramme, Meet the Press, on Sunday night said that he had persistently confronted the Indonesians on a
      AFP  -  140 words
    • 728 6 Reuter OIL MINISTERS of Gulf Arab states go into Opec's bi-annual conference in Vienna today reluctant to tamper with the gtoup's benchmark price and output limit, Gulf oil analysts said. Analysts believe Opec risks a price collapse and free-for-all sales scramble unless members
      Reuter  -  728 words
    • 272 6 UPI THE government of Kuwait, increasingly worried that it will be drawn into the Iran-Iraq war, sent its Defence Minister to Moscow on a mission to buy Soviet weapons. Kuwait asked the United States to supply it with Stinger anti-aircraft missiles in May but
      UPI  -  272 words
    • 77 6 AP AMERICAN children of the upper and middle classes fear nuclear annihilation more than do children of industrial labour families and the poor, according to a Harvard Medical School professor and child psychiatrist. Dr Robert Coles based his conclusions on interviews of working-class black and white
      AP  -  77 words
    • 210 6 Reuter BOLIVIA'S powerful workers confederation (COB) coiled off o general strike and sold It kod exacted several demands from the left-wing government, laclndlag a pledge to suspend Indefinitely foreign debt paymeats to commercial banks. Fllemon Escobar, a miners leader and COB
      Reuter  -  210 words
    • WORLD IN BRIEF
      • 60 6 ISRAEL is holding 120 Palestinian guerillas captured in Lebanon after the 1962 invasion and hopes to exchange them for three Israeli soldiers held by a pro-Syrian guerilla group. Shmuel Tamir, Israel's prisoner of war negotiator, said on Sunday he hopes talks could be held soon on an exchange
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      • 56 6 BEIRUT Airport was reopened yesterday, but relatives of civil war hostages blocked roads to the facility and all crossings between the Muslim and Christian sectors of the capital with burning car tyres. The first plane to land at the airport in five months was an empty Boeing 707
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      • 51 6 KAMPUCHEAN coalition leader Prince Norodom Sihanouk will go to Egypt on July 27 for a two-day visit, Egypt's Middle East news agency said. The agency said Prince Sihanouk will hold talks with Egyptian officials on the situation in his country as part of a Middle East &nd Africa
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      • 55 6 SOUTH KOREAN police have tightened security for Japanese Foreign Minister Shintaro Abe after the Japanese embassy received a threat to kill him, police said. Mr Abe is on a four-day visit to South Korea to pave the way for a trip to Japan by President Chun
        55 words
      • 62 6 FOUR striking textile workers were hit by bullets, several other workers and police less seriouly injured and 27 people arrested yesterday as 200 riot police broke up a six-week-old picket line. Wielding truncheons and many firing guns, troopers advanced into a crowd of about 200 strikers at the
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      • 41 6 Agencies SEVERAL OFFICERS of the Sandinista army general staff were killed on Saturday in an ambush laid by guerilla forces in north-eastern Nicaragua, Defence Minister Humberto Ortega said. The victims were to a group of Defence Ministry officials. Agencies
        Agencies  -  41 words
    • 581 6 NYT US SECRETARY of State George Shultz has said that although it was not a party to the negotiations between Britain and China over Hongkong's future, the US had a "deep interest" in insuring that the final agreement preserved the crown colony's "stability
      NYT  -  581 words
    • 444 6 Reuter THE SIKH Akali Dal Party has decided on a new round of agitation in Punjab from July 16 and plans to use unarmed suicide squads to try to force Indian troops to leave the Golden Temple in Amritsar. The Press
      Reuter  -  444 words
    • 243 6 UPI ARGENTINE Economics Minister Bernardo Grinspun said (m Sunday that US defence spending is disrupting the world economy by pushing up the US government's budget deficit. America's budget deficit, projected at US$lBO billion for the 1965 fiscal year, is "due fundamentally to its defence
      UPI  -  243 words
  • Page 5 Advertisements
    • 16 5 wv Pan Am First Class. irst In Spiicv. I irst In I iixurv. First In Comfort.
      16 words
    • 304 5 Medici i lilbe Wine in a Can when you lßfe a choice, no oth 'rVlediti Your first sip of Medici Wine will do one thing to you. It will surprise you. As it did countless others who thought they could never take canned wines seriously. If you pride yourself as
      304 words

  • Page 6 Advertisements
    • 128 6 SWIRE INVITES YOU TO COME FOR A BIT OF KNOWLEDGE AND A BYTE TO EAT T t If you want to know what a personal office computer could be doing for you, just come to lunch. It's on us. In two hours,4n a convivial atmosphere, you'll have a nutritious lunch
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    • 15 6 □lETHELM Furniture that has no equal 190 OntiXMu *»«nue #04 02 S>ngaoore SNx*>ng Centre 0923
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  • BANKING AND FINANCE
    • 273 7 Asian market DEPOSIT rates closed steady yesterday at opening levels. Periods firmed between 1/16 and 1/8-point at the outset, supported by a sharp fall in US June unemployment and the $1 billion rise in latest US M--1 money supply. Rates were unchanged with one month closing at 11-15/16 11-13/16, three
      273 words
    • Article, Illustration
      476 7 SINGAPORE: The local dollar weakened to 552.1490/1500 against the US currency yesterday from 2.1460/70 In the morning and 2.1425/35 last Friday. It closed slightly lower against the Hongkong dollar at 5527.40/45 compared with last Friday's close of 27.35/ 40 but marginally higher against the Malaysian dollar at 92.10/20
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    • 118 7 THE OVERNIGHT rate rose by half-point to close at 8% per cent on the Singapore interbank money market yesterday. Term rates for one, two and three-month maturities remained at last Friday's closing levels. S$ interbank rates at 3pm yesterday Offer Bid Overnight 8 5/8 8 1/2 1-month 8
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    • 194 7 Interbank rates at 3pm Local dollor* to on* unit of foniyi quoted yeol terdey < moo partly currency: US dolor Sterling pound Australian dolor NZ dollor Canodkm dollor 2.1470 2.8125 1.7917 1.3311 1.6191 2.1480 2.8160 1.7947 1 3339 1.6211 2.8196 7 3469 3.4286 3 4286 ***** -23 85
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    • 375 7 SINGAPORE Futures closed firmer yesterday in active trading on local buying at the lows. December, the only traded position with a turnover of 1,139 lots, closed higher at U*****.90 an ounce compared with New York's Friday $361.00/361.90 close. LONDON The morning gold fix yesterday was U*****.50 an ounce. HONGKONG
      375 words
    • 142 7 AFP UNCERTAINTY over Hongkong's future and a strong US dollar have caused a decline in Hongkong dollar deposits, say observers. According to government figures, Hongkong dollar deposits fell 1.1 per cent in May and declined 3.3 per cent in the three months to May. By contrast,
      AFP  -  142 words
    • 55 7 Reuter INTERBANK rates soared yesterday following the 3.25 point rise in the Hongkong prime last Saturday and amid continuing uncertainty over Hongkong's future. Overnight was last quoted at 37 40 per cent in thin trade against an early 33 30 per cent and Friday's close
      Reuter  -  55 words
    • 439 7 NYT CHANCELLOR Helmut Kohl of West Germany left Mexico after a four-day visit in which he was friendly but firm in telling Argentina that it must settle with the International Monetary Fund before industrial nations would help it solve its debt crisis. The German
      NYT  -  439 words
    • 224 7 Reuter US INTEREST rates will cling to their present lofty levels for some time, regardless of whether the Federal Reserve's policy-making unit decides to tighten the monetary reins when it meets later this month, economists say. Although a soaring dollar has heightened uncertainty about
      Reuter  -  224 words
  • Page 7 Advertisements
    • 178 7 Money-saving maintenance far your key machines If you face the problem of keeping in good working order an office of different typewriters, call TPM Third Party Maintenance. We offer two money-saving maintenance schemes Preventive and Comprehensive which cover all the different makes or models your office may employ. With our
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    • 192 7 Before and after Conqueror s i r.v ifl V '-A VJ V i 5f p* 77 vm Conqueror means business In today's highly competitive business world, every advantage counts. To stand out from the rest, you not only have to sound good on paper, you have to look good too.
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  • FEATURES
    • 510 8 THE ANNOUNCEMENT of tougher rules on marriage between Singaporeans and foreign holders of work permits is not a new chapter in the great marriage debate but the re-opening of a much older discussion. It goes back to before 1973 when it first became necessary for foreigners
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    • 1514 8  -  Martin Feldstein talks about his two years as the US president's economic adviser By PETER KILBORN NYT MARTIN S FELDSTEIN is packing up, loading such documents as his 1984 Economic Report of the President, most of which Treasury Secretary Donald Regan advised the Senate to
      NYT  -  1,514 words
    • 946 9  -  Debt Shock: The Full Story of the World Credit Crisis By Darrell Delamaide 280 pages. Doubleday Co Reviewed by LEONARD SILK LEONARD SILK NYT PITY THE POOR general reader who has been trying to follow the international credit crisis and its bewildering multitude of
      NYT  -  946 words
    • 529 9  -  By CHRISTOPHER WREN NYT WHEN HU ZUOLING was sent to the Quangzhou prison for robbery, he disobeyed the rules and balked at work assignments, feigning illness. Now Hu has mended his ways. He works so hard at his prison job that he was able to
      NYT  -  529 words
  • Page 8 Advertisements
    • 86 8 American cuisine is a unique mixture of the different ethnic foods with a delicious result. Prawn Newburg in a creamy pink lobster sauce from the Eastern seaboard, spicy Pepper Pot from Philadelphia, Chilli Con Carne from New Mexico, delicious barbequed spareribs, corn-on-the-cob, Oyster Rockefeller and we haven't forgotten hamburgers and
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    • 183 8 Approved samples to Tokyo. '4 V :v:; -r omn 4 <■ a m JOP| "DomoArigato With XPS you can send all the things you can't expedite by our document courier service. You get the same pickup 24 hours a day. The same fast customs clearance,documentation and delivery right round the
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  • Page 9 Advertisements
    • 265 9 nqthe Now loaded with new prof it features. Now even more features to power your drive towards greater profits. Advanced rack and pinion steering. Gives the best turning circle of any van in its class and ensures maximum manoeuvrability for crowded streets and narrow loading bays. Ultra-modern front disc brakes.
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  • Page 9 Miscellaneous
    • 765 9 to qhd mm 2.30 PM SBC Text "Live" Sample Pages 3.00 Opening and Proframme Ifghfights folowed by The Story Time Open House Theatre Man from Atlantis Siren Ctftural Diary (English) Proframme tfigtifhts Man Memasak Mfckey and Donald Share a Story News (Malay) Singers and Their Songs Off the Record The
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    • 654 9 CRYPTIC PUZZLE ACROSS 3 Just a small omount from the tap (5) 8 Glore around in right royal style (5) 10 Intuition moking a barbarian go to church (5) 11 Standard of reparations (3) 12 Lionel's trumpeting sound (5) 13 Where to hurl a chap «ito the dungeons? (7) 15
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  • INTERNATIONAL COMPANY NEWS
    • 703 10 NYT WITH major Wall Street firms poised to report dismal earnings for the second quarter, analysts are looking to the last six months of 1964 for a boost in securities industry profits. An industry analyst with Upper Analytical Services Inc,
      NYT  -  703 words
    • 128 10 Reuter AIR Florida went before a federal bankruptcy judge yesterday to ask for permission to use up to US$27 million in accounts receivable to get some of its planes flying again. In its Chapter 11 bankruptcy petition, the airline reported assets 0f5145.2 million and debts of
      Reuter  -  128 words
    • 270 10 Reuter PERGAMON Press has announced that its offer of £80 million to Reed International PLC for the Mirror Group's newspapers is unconditional. It added that it is willing to increase its offer to up to £100 million depending on the answers
      Reuter  -  270 words
    • 874 10 NYT THE TAKEOVER and merger madness that has swept corporate America during 1964 may anger some executives and officials in Washington. But those investors cagey enough to buy the stocks of the companies involved in these takeovers have been smiling all the way to
      NYT  -  874 words
    • 248 10 NYT EVEN before the New York Futures Exchange (NYFE) was born on Aug 7, 1900, its parent, the New York Stock Exchange (NYSE), knew it would be a problem child. For one thing, the futures exchange's initial products were various financial futures copied from the successful
      NYT  -  248 words
  • Page 10 Advertisements
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    • 72 10 HUANG PALACE fc i Hong Kong Tim Sum served from 11 am to 230 pm (We also cater for weddings, anniversaries, birthdays and Chinese dinner functions.) For Rrtmntiom plrasr call 2*>V)l22 F.xt lU7 or IMM) PRESIDENT MERLIN HOTEL SINGAPORE Ml. kiuhrort Rind. (Kjn 1,1 2T0122 m Ti e w k
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    • 111 10 f*tf*7prand Enjoy Our Prompt Efficient Service In Cool, Quiet Cosy Atmosphere WESTERN/ CHINESE/ r»iiM*4i h i Banquets Cater For Lunch Dinner Meetings Wedding Occasions, Birthday Parties At $16/- Onwards Per Person or Other Occasion With Function Rooms (Free of Charge) For 60 And Above. Taped Disco Music for your dancing
      111 words
    • 71 10 1 t Feng Cheng Lou for the best Teochew food in town. Discover mouth-watering delights prepared by hong Kong chefs. Feel like royalty while you dine in Oriental splendour. Open daily from: 12.00 noon 3.00 pm for lunch and 7.00 pm— 11.00 pm for dinner orcswti •FHPCE HOTEL 2700rchard Road
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  • ASIAN STOCKS
    • 363 11 HONGKONG: Concern over high interest rates and uncertainty over Hongkong's political future saw share prices close sharply lower yesterday near the lows of the day. The Hang Seng index closed 49.26 down at a 1964 low of 773.60 after breaching the chart-important 780 mark. The market opened weak following
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    • 211 11 JULY 09 NT 8 10 •0 1 (-ham Indus Lien Hwo Indus Nan Yo Plas 22 70 1335 31 50 32 70 -01 -0 1 -02 02 Alia Cement 30 90 31.X 05 Pacific Elect Wir« 18 90 56.00 1 241 0 1 26.00 •0 1 22.80 -02 CNo
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    • 388 11 TOKYO: Share prices weakened in fairly thin trading yesterday with the market lacking any incentive amid the continuing weakness of the yen against the dollar and the lack of any firm tone in Wall Street. The market average shed 35.22 to close at 10,373.22 after dipping 53.47 last Saturday,
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    • 68 11 July 9 Won Hyundai Motor KAL 608 455 -9 5 Bonk S*ouf 697 11 Chohaung Bk 660 unch 930 +64 Communeol Bk 691 •5 420 -26 Doafcft Ind 530 486 -19 +8 Lucky Ltd 786 -3 668 .7 650 10 620 -10 Samsung Eke 1030 +20 Gold Stor 805
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    • 351 11 SYDNEY: Australian share markets closed easier yesterday with gold stocks sharply discounted following the metal's two-year low on Friday. The All-ordinaries index was 7.5 points weaker at 660.4. The banks were mostly weaker, as ANZ lost nine to $4.45, after going ex-entitlement and Westpac three to $3.56. National, however,
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    • 140 11 BANGKOK: The market closed mixed in quiet trading yesterday. The Book Club index rose 0.04 point to 117.16 on turnover of 26.8 million baht with 387,309 shares traded. JULY 09 1 A ok. ham Thai Uh Sam Oy Camant Sam Cratft 378 59 50 ♦2 0.5 Ayulhoyo Inv And
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    • 125 11 MANILA: Shares prices closed generally lower yesterday in continued sluggish trading, reflecting the downward trend in gold and copper prices abroad and the tight domestic economic situation. The commercial and industrial index was down 0.68 at 127.82, and the mines index down 13.12 at 1,004.59 but the oil marker
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    • 55 11 Reuter NET foreign selling of Japanese stocks on the Tokyo Stock Exchange through 16 major securities houses narrowed to 193.1 billion yen in June from a record 422.6 billion yen in May, the Tokyo Stock Exchange said. It was the fifth consecutive month that foreign
      Reuter  -  55 words
    • 277 11 WAN MAJOR Asian-based companies such as the Hongkong ft Shanghai Banking Corporation may appear on the share listing of the Perth Stock Exchange. This is one of several innovations that the exchange is now looking into, following the opening of Australia's only
      WAN  -  277 words
    • 167 11 Reuter ASAHI Glass Co has raised its parent company's sales forecast for 1984 to 590 billion yen from 580 billion yen, against 541.13 billion yen in 1983, a company spokesman said. He says 1984 current profit is now forecast at more than the original estimate of 50
      Reuter  -  167 words
    • 289 11 WAN THE AUSTRALIAN government has made two significant concessions to oil exploration companies in the final form of its resource rent tax that will apply to new offshore oil projects. It has increased the threshold at which the tax will bite and reduced
      WAN  -  289 words
    • Corporate round-up
      • 60 11 THE AFTER-TAX profit of Matsushita Electric Works was 6.90 billion yen (6.89 billion yen) for the six months ended May 31. Current profit was 14.55 billion yen (13.27 billion yen) with operating profit at 18.54 billion yen (17.33 billion yen). Sales totalled 273.60 billion yen (260.04
        60 words
      • 76 11 Agencies MITSUBISHI Corp's US$lOO million of 13'/« per cent five-year bonds were well-received after being offered at par, bond market sources said. The bonds were being quoted at less V« less Vt, well within the IV* per cent selling allowance. Management and underwriting fees combined are per
        Agencies  -  76 words
  • Page 11 Advertisements
    • 433 11 In to wioc, diM« estorfaia ww&mww YOU ON. *i' Light up your evenings with four dynamic entertainers, who'll delight you with their versatility and talent. See them in action, Mondays to Saturdays from 6 pm to 1 am. Drinks at 20% off bar prices IHM RAR w th com P
      433 words
    • 95 11 5 GOFFEE GARDEN. we serve gon pound the clock 1» ti 9 W A ft Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, youll find our staff friendly and efficient, our food appealing and delicious. Try our famous
      95 words

  • RAW MATERIALS
    • 246 12 Reuter CHINA PLANS TO become a net exporter of grain, cotton and edible oils. The country's output of grain, cotton and oil-bearing crops is already the highest in the world, Vice-premier Tian Jiyun told a visiting delegation from Zaire yesterday. Beijing is
      Reuter  -  246 words
    • 847 12 COFFEE Robusta futures at midday yesterday were £2 to £10 above Friday's close, mostly at or just below morning highs in dull and lifeless trading. Most active September finally traded at £2,265 a tonne against £2,261/ 2,263 on Friday. No original gradings were posted in the morning, with
      847 words
    • 72 12 THE Straits On price la Peaaag yesterday remained at Ike IT A fleer level e( MW.IS per klle ab•eaee ef foreign baying. The baffer stock man•fer prevMed meat ssppert amid small demand (rem leeal interests. Turnever fell to 211 tonnes frem Friday's 47«, which ladaded 1M per eeat
      72 words
    • 98 12 MALAYSIAN crude palm oil prices closed slightly higher yesterday on covering but trading was thin amid seller reserve, following an uncertain Chicago soy futures trend on Friday. July deliveries in the south region rose Mslo to $1,010 per tonne and central was unchanged at SI,OOO. August in the
      98 words
    • 149 12 Yarn (In HK$ per bolo of 400 lb) Chino corded yarn, cones Blue Phoenix 16'* 3,450 Blue Phoenix 20'» 3,500 Blue Phoenix 32'» 3.900 Blue Phoenix 40'» 4,400 Corded yarn, honk Blue Phoenix 21 's 3,600 Combed yarn, cones Blue Phoenix 32'» 5,500 Blue Phoenix 40*» 5,700 Open-end yarn
      149 words
    • 92 12 Reuter INDIA'S SUGAR output fell to 5.85 million tonnes between the start of the 1983/84 season on Oct 1 and June 15 from 8.12 million in the same period in 1982/83, the Indian Sugar Mills Association said. The offtake in the 1983/ 84 period totalled 5.08
      Reuter  -  92 words
    • 154 12 Chinese Produce Robusto 20/25% FOB NSW 487 50 Exchange (Setters' rxxxi dosing prices on >uly Nutmeg 9 SS/lOOkg) 110 FOB NSW 355 00 B W FOB NSW 256 00 Coconut oil Be* FOB 240 00 Gombier OW drum FOB 253 00 FOB NSW 305 00 New drum FOB
      154 words
    • 313 12 RAS prices (in S cents/kilo, FOB in boiei) NOON CLOSE Buyers Sellers Buyers Int 1 RSS prompt 184 50 185 50N 184 75 185 75N Int 1 RSS August 189 25 189 75 189 50 190.00 Int 1 RSS Sep 193 25 193 75 193 50 *****
      313 words
    • 216 12 Reuter WESTERN (arm experts in Moscow believe Soviet forecast of a 1984 grain harvest of 180 million tonnes is too low. Agricultural attaches at Western embassies said yesterday improved weather in the key north Caucasus grain region had changed the prospects for
      Reuter  -  216 words
    • 338 12 SINGAPORE The market closed higher yesterday with August One RSS quoted at 189.50 cents per kilo, up 2.50 cents from Friday. The morning session opened marginally higher and gained further ground in subsequent trading on some buying of August One RSS in quiet trading. Prices held steady around lunchtime
      338 words
    • 95 12 (in cants/1 tot i poltoti) August September (current mth) (forward mth) NOON NOON RAS luytrs Sellers Bwy«n SSR20 184 00 186.00N 185.00 187.00N SSR50 182 00 184.00N 183.00 185.00N MRELB Buytn Severs toycr* StMon SMR CV 230 50 232 50N 232 50 234 SON SMRL 230 50
      95 words
    • 134 12 Singapore (S$/klo, ei-godown) Thai white 100% 1st class (kongaroo) 105 new crop 100% 2nd doss 077 100% 3rd class 075 25% new crop No stock B-10% No stock Thai broken A-super 0.62 Special 0.55 Thai rice 55% No stock China rice 10% 093 15% No stock 25% No stock
      134 words
  • Page 12 Advertisements
    • 78 12 This announcement appears as a matter of record only e THE KOREA INDUSTRIAL LEASING CO., LTD. U5520,000,000 TERM LOAN FACILITY Managed by ARAB BANK LIMITED, SINGAPORE KDB INTERNATIONAL (SINGAPORE) LIMITED MIDLAND BANK INTERNATIONAL Co-Managed by THE DAIWA BANK, LIMITED WESTPAC FINANCE ASIA LIMITED Provided by MIDLAND BANK PLC ARAB BANK
      78 words
    • 180 12 THE ELEMENTS or BANKING RE. PERKY RECOMMENDED BY THE INSTITUTE OF BANKERS, U.K. 'Mr Fred Perry, a Fellow of the Institute, has the great virtue of writing simply. His book covers a very wide range, from barter to balance sheets, from cash to credit cards; but for the most part
      180 words

  • SHARE INFORMATION
    • 4108 13 SHARE PRICES weakened at the Singapore stock market yesterday as investors increasingly turned cautious. The day closed with the BT Composite Index shedding 7.95 points to 805.47 while the Straits Times Industrial Index gave up 9.74 points to 893.49. The market scoreboard showed declining
      4,108 words
    • 217 13 SINGAPORE Rises Indices Sya Umm 280 427 Mr* Mr* ,484 24 TCifmi. 11)42 805 47 Gt ,W« 1760 4 10 ITUotoi *****55 2378*76 Gtmm 250 49 8T08AM 5* -130 Taw Fsfc 810 45 $T Udwtneh 903 23 893 49 UUSOt 265 4 5 STFIMM 2707.83 2*95 34
      217 words
    • 484 13 A BOUT of selling pressure hit the Kuala Lumpur stock market yesterday, causing share prices to fall on a broad front. Trading was quiet with interest again focussing on situational issues and second liners. Turnover dropped to 5.2 million shares valued at
      484 words
    • 3178 13 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets tr> lots of 1,000 units unless otherwise specified. All Time SetUement Contract» are quoted after the word "SETT".
      3,178 words
  • Page 13 Advertisements

  • COMPANY NEWS
    • 687 14  -  laaaßS? mm By AMY CHEOK LONDON-BASED, investment house Hoare Govett has recommended a "buy" for one of Malaysia's leading palm oil products group, Palmco Holdings. Palmco is considered a recovery stock and Hoare Govett expects that the market will rerate the stock this year. It
      687 words
    • 96 14 HONGKONG Australian Industrials Hong Seng Index Monday 933.2 Friday 939 7 Monday 773.60 Week ago 920.6 Friday 822.86 Week ago 868.63 NEW YORK Dow Jones TOKYO Friday 1122.57 Thursday 1124.56 Tokyo Dow Jones Week ago 1132.40 Monday *****.22 Standard and Poors Saturday *****.44 Week ago *****.87 Friday 152.24
      96 words
    • 220 14 Managers' prices for July 10 Singapore Unit Trust The Commerce 3.06 325 The Savings Fund I 86 1.97 S'pore Prog Fund 1.35 1 43 S'pore Sec. Fund 2.07 2.20 S'pore Invest Fund 1.10 1.17* S'pore Equity Fund 1.35 1.43 Asia Unit Trust Mol Invest Fund 2.48 263 Mat
      220 words
    • 133 14 BOLTON Properties Bhd's proposal to acquire a controlling interest in Overseas Credit Finance (M) Bhd has been called off. In a brief announcement to the Kuala Lumpur Stock Exchange, Bolton said it had decided not to pursue the acquisition of a 72 per
      133 words
    • 67 14 TOYODA Tsusho Kaisha Ltd, a trading company in the Toyota motor group, is negotiating with Shenzhen City in China's Guangdong province on the formation of a joint car maintenance company in Shenzhen. Toyoda would contribute 49 per cent of the capital through Toyoda
      67 words
    • 463 14 CENTRAL Elastic Corporation, a subsidiary of Samanda Holdings (formerly Loytape Bhd), is manufacturing higher valueadded technical products as part of its diversification programme. One of the products identified is rubber-based weather strips. Central Elastic intends to produce door and trunk lid weather
      463 words
    • 123 14 Reuter ELEVEN West German companies made public stock flotations in the first half of 1964 for a nominal share value of 1.12 billion marks, more than double the 319 million mark total issued by 11 companies in the whole of 1963. Only two companies had
      Reuter  -  123 words
    • 2161 14 BID and offer price» officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets In lots of l .000 units unless otherwise specified. INDUSTRIALS Alcom (2 088 2.135) (3) 2.14 (3)2.13 Antoh
      2,161 words
    • 501 15 INTRA(X) Ltd has paid $2 million for a 19 per cent stake in Multi-Pak (S) Pte Ltd comprising two million shares. The other major shareholder is Aerospace Industries Pte Ltd which holds a 70 per cent stake. Eengo Company Ltd, the largest
      501 words
    • 41 15 THE SHARES of Loytape Bhd will be traded and quoted under its new name, Samanda Holdings Bhd, from today on the Stock Exchange of Singapore. Share certificates bearing the name of Loytape Bhd will be valid indefinitely.
      41 words
    • 497 15 wma mm™ By HOCK LOCK SIEW MOST TEXTILE companies went through a rough patch recently, partly as a result of increasing production costs and sluggish demand. Kuala Lumpur-listed textile manufacturer Dragon and Phoenix Bhd (D&P) is no exception, although it seems to have been less hard hit
      By HOCK LOCK SIEW  -  497 words
    • 897 15 EQUITIES closed above the day's lows in quiet trading yesterday, having eased on fears of a fresh rise in UK interest rates, dealers said. They noted jobbers marked prices up towards the close to encourage buyers into an otherwise quiet market. At 3pm, the FTSE 100 index was
      897 words
    • 318 15  -  By CHAN OI CHEE MULTI-PURPOSE Holdings Bhd will be receiving cash of M 5132.2 million as part consideration from the proposed sale of its 40.7 per cent stake in United Malayan Banking Corporation. This is in addition to the acquisition
      318 words
    • 73 15 THE Telecommunications Authority of Singapore has acquired an additional 830,000 shares in limes Publishing Bhd at market prices prevailing at the time of purchases. The additional shares were bought by Oversea-Chinese Bank Nominees (Pte) Ltd on behalf of Telecoms, whose total interest in
      73 words
    • 631 15 SUPREME PLANTATION Industries Bhd is being turned into an almost cash company, giving rise to speculation that it may be a takeover target. Already, Supreme Corp Bhd had, late last year, sold a 19.5 per cent stake through a placement deal with EG
      631 words
    • 158 15 MPH Investments, a subsidiary of Jack Chia-MPH Ltd, has purchased 48,000 more shares in Hstel Tai-Pan Ltd for a consideration of $45,705. The latest purchase has increased Mr Jack Chia's deemed interests in the hotel company to 41.362 million shares, or 68.94 per cent of the paid-up capital
      158 words
    • LATEST
      • 50 15 has announced group pre-tax profits of MJ17.69 million for the year ended March 31, 1984 ($21.22 million previously) and group after-tax profits of $9.49 million ($10.69 million). A final dividend of four cents per share will be paid on Sep 27 to shareholders registered on Aug 24.
        50 words
    • 239 15 FOOD-BASED Cere bos Pacific Ltd is set to make an extraordinary gain of $2.68 million from the sale of a piece of land by its 90 per cent-owned Malaysian subsidiary Cerebos (M) Sdn Bhd. Cerebos (M) has contracted to sell a portion of its
      239 words
  • Page 14 Advertisements
    • 422 14 C ()R(, WISA I lON \l RI SO IK( I S SDN. lilll). A I 111 KI \L.\ I I MPI \< S I Kl\( II W(.l lomtlv I'lcsciil a One |)>i\ onkiviKV »>n "SABAH INVESTMENT STRATEGIES OPPORTUNITIES Jul\ 2K, IMS 4 11\ ;ill Hotel. Kola kinaltalii Why Sabah? To
      422 words
    • 14 14 Imtlablc at all Irnilnm (tftht ian\. fashioned to last. SttSr Neuvista Agency Pie Lid.
      14 words

  • Page 15 Advertisements
    • 84 15 Ideally Located Warehouse/Office Alexandra Road Warehouse 4500 sq ft to 34,000 sq ft (Ground Level) Office 6,600 sq ft to 19,000 sq ft Reasonable rentals. Letting Agents: City Valuers and Consultants Pte Ltd &j&9 No 1 Colombo Court, #04-03 Singapore 0617 Tel: *****74/5 Telex RS ***** CIVALS A SPECIALIST IN
      84 words
    • 182 15 When long-term illness strikes your employee, we'll pay him a monthly income. W^m What can you do for an employee who is prevented from working because of long-term illness or an accident? f As a caring employer, you continue to pay him a /a\ V 3 salary to help him
      182 words

  • 544 16  -  By SOH TIANG KENG, Banking Correspondent MOVES TO TURN the yen into a global currency would lead to the reduction of the US dollar as a world reserve currency. This was emphasised yesterday at a seminar organised by Japan's Nomura Research
    544 words
  • 454 16 ASEAN countries will play a larger role in the Asia-Pacific from now to the year 2000. And China will make a greater contribution in the 21st century. The forecasts were made yesterday by T Tamao, senior economist of Nomura Research
    454 words
  • 128 16 A BILL seeking a change in the constitution of the Rubber Association of Singapore's (RAS) management committee has been read for the first time in Parliament. The Rubber Association of Singapore (Incorporation) (Amendment) Bill, which was introduced on June 29, proposes that 12 members be
    128 words
  • 346 16 US SECRETARY of Stole George Shulti arrives today for talks with Prime Minister Lee Kuan Yew and First Deputy Prime Mlalster Goh keng Swee. Mr Shults, coming from Kaala Lumpur on his two-week Southeast Aston and Pacific tour, Is expected
    346 words
  • 154 16 UPI US SECRETARY ef State George shuiti net Prime Minister Datsk Serf Dr Mahathir Mehamad yesterday fer wideranging talk* on regional seearlty, economic and trade fames. A senior Malaysian Foreign Ministry spokesman said meek ef the ikflw dealt with U8 relatiena with China and the continued
    UPI  -  154 words
  • 178 16 AT LEAST five Singapore delegates to a recent business conference in China have returned with letters of intent for possible projects that include civil construction and the expansion of Tianjin Port. Some 20 Singapore delegates attended the second China Business Conference from June
    178 words
  • 400 16  -  By QUEK SWEE PENG A STRONG US dollar sent gold prices in Singapore down by almost US$25 per troy ounce to about US$363 within the first three days of trading on the Singapore International Monetary Exchange. It also pushed London's gold
    400 words
  • 392 16  -  By ALVIN TAY PAYMENTS of property tax since the beginning of this month led to a temporary shift of funds from the banking system to the public sector, pushing up interest rates on the local interbank money market. DBS Bank,
    392 words
  • 58 16 WALL Street stocks were lower in the first 10 minutes of trading yesterday. The Dow Jones Industrial Average, which last week fell over 9.8 points to 1122.57, was off just about one point to near 1122 just after the morning's opening bell. Overall, losers led gainers by
    58 words
  • 313 16 UPI THE CIA is secretly using commercial air cargo carriers to deliver tonnes of weapons and ammunition to Central America in a replay of similar operations carried out during the Vietnam War. CBS Television Network News, quoting reliable sources whose information
    UPI  -  313 words
  • 194 16 Reuter AUSTRALIA'S ruling Labour Party gave the goahead yesterday for the entry of foreign banks, providing they complied with stringent guidelines and agreed to stimulate industry, commerce and exports. The decision, taken at the party's annual conference in Canberra, overruled attempts by the leftwing
    Reuter  -  194 words
  • LATE FILE
    • 55 16 Reuter MARTIN Feldstein, outgoing chairman of US President Reagan's Council of Economic Advisers, said US economic prospects are very good but warned that Federal deficits are a serious problem. Rating Mr Reagan's performance, he said: "I think he has really done the basic things needed for the long-term
      Reuter  -  55 words
    • 51 16 Bernama BERN AM A, Malaysia's national news agency, will launch its new financial news service the Bernama AP-Dow Jones Telerate in September, Bernama editor-in-chief Rejal Arbee said yesterday. The service, would enable the international business community to gain access to worldwide information on the world's financial markets.
      Bernama  -  51 words
    • 62 16 AFP THAILAND will protest to Vietnam over the crash of a Thai spotter plane that was shot down while on a reconnaissance mission over Thai territory on Saturday, Thai Prime Minister Prem Tinsulanonda said yesterday. He said he was awaiting a full report on the incident, after
      AFP  -  62 words
    • 44 16 Reuter FOREIGN ministers of Asean yesterday appointed Thailand's ambassador in Britain, Phan Wannamethee, as the new secretarygeneral, an Asean spokesman said. He replaces Chan Kai Yau of Singapore. Mr Phan, €0, a career diplomat, was* formerly ambassador in West Germany. Reuter
      Reuter  -  44 words
    • 54 16 Reuter CHINA yesterday charged the Soviet Union is growing more stubborn and hostile and said the two countries could never recover their past friendship. Political commentators Zi Xu and Wang Jinqing of the official Beijing Review attacked Soviet support for Vietnam and questioned whether Sino-Soviet relations
      Reuter  -  54 words
  • Page 16 Advertisements
    • 337 16 Computer Appreciation For Secretaries Administrative Assistants Singapore Sept. 13,14,20 21,1984 (4 mornings) The objective of this course is to give participants an appreciation of the current use of computing technology for information handling, expected future trends and how they can participate to increase organisation productivity through the use of computer-based
      337 words
    • 0 16
      0 words
    • 205 16 AMBASSADOR The latest range of shtetMets from FORDftMZA\[M)a In business, paper indiscretions can destroy you. New product details, expansion plans: what are they worth to your rivals? Wage structures and personnel assessments: how would they affect staff relations if seen by the wrong eyes? Fordigraph, Britain's biggest shredder manufacturers, have
      205 words
    • 3 16 Sn Pag* 8
      3 words
  • Page 16 Miscellaneous
    • 61 16 msjcaaa Outlook fof today: Portly cloudy; showers in several areas in the late morning and early afternoon. Report for 24 hours prior to 7 30pm on July 9 at the airport: Maximum temperature 30. 7 Associated humidity 77 Minimum temperature 26.2 Associated humidity 94 Hours of sunshine 0.65 Rainfall in
      61 words

  • SHIPPING TIMES
    • 171 17 THE CHAIRMAN of the Singapore National Shippers' Council, Mr Sia Yong, has hit out at conference lines for adopting "discriminatory" practices against shippers. Addressing the council's annual general meeting held last Saturday, he said that conferences such as the Far Eastern Freight
      171 words
    • 479 17  -  By G DURAIRAJ CONSIDERABLE flezibil ity exists in expanding berthing capacity for container traffic at Port Kelang, which has recently been witnessing phenomenal increases in container throughput. This is because the port has planned for additional capacity well ahead of demand for container traffic.
      479 words
    • PORTSIDES
      • 122 17 AP FOREIGN SHIP orders to South Korean shipyards in the first half of this year plunged 60 per cent from a year ago to 920,000 gross tons, the Korea Shipbuilders Association reported. The preliminary January-June figure was for 45 cargo and other ships worth US$555 million, down
        AP  -  122 words
      • 100 17 Reuter ELEVEN OIL tankers totalling over 2.25 million long dwt were reactivated and resumed trading in June, many in response to prospects of higher freight rates in the Mid-East Gulf, shipbroker John I Jacobs said. It said tankers laid up and idle fell to 50.52 million
        Reuter  -  100 words
      • 61 17 Reuter MEMBER LINES of the Australian and New Zealand Eastern Shipping Conference say they will cut the currency adjustment factor (CAF) on shipments into Australia and Papua New Guinea to a positive 2.5 per cent from 7 per cent, effective July 12. The CAF applicable to shipments for
        Reuter  -  61 words
    • 646 17 Shipping Line N». c«t •Mpptaf Un* *1* c«t Afeo VI 3 Freight Links VI 4 Ahrenkid Lmer VI 5 Frota V 1 Alpoc VI 5 Fupworo Lme IV 5 Antoro Shpg IV 1 Globe Lme VI 4 APC Lme V 4 Golden Line VI 4 APL 4/5
      646 words
    • 916 18 Reuter IRAN IS making a profit on war insurance for ships prepared to risk Iraqi air attacks in the Gulf and is looking into ways of attracting more insurance business, an insurance official said. A director of the stateowned Bimeh Insurance Company said that
      Reuter  -  916 words
    • 241 18 NORWEGIAN shipbrokers see the reactivation of laid-up tonnage as pushing up demolition prices in the near future but warn that an overreaction to the Mid-East Gulf war could kill prospects for higher tanker market rates. In its latest monthly report, Fearnley's said several VLCCs were breaking lay-up
      241 words
    • 359 18 THE Pacindat Mutual PAI Association, the regional protection and indemnity organisation known as the Far East Club, has reported a hefty rise of over 25 per cent in insured tonnage renewals. The substantial increase in renewals is a boost to
      359 words
    • 1725 18 FREIGHT rates for grain chartering on Friday from the US Gulf to Japan have declined further, with two vessels receiving U5512.75 compared with previous fixing at $13.25 and $13.30, shipbrokers said. The latest levels compare with $14.25 paid in June and are well below rates around $17 in
      1,725 words
    • 64 18 AFP ONE DUTCH and five Indonesian vessels parrying 450 scientists and technicians left Jakarta last week for east Indonesian seas where they will begin marine research. The 15-billion rupiah operation, Snellius-Two, funded jointly by the two countries will be away for one year. It will use the ports
      AFP  -  64 words
    • 535 18 SHIPPING through a nonvessel operating common carrier (NVOCC) may not necessarily result in freight savings for shippers. But there are many other reasons why NVOCCs are popular among shippers in Hongkong, Europe and the United States. A relatively new trend in shipping, an NVOCC maintains
      535 words
    • 228 19 A NEW partnership between MacGregor Navire and Japanese company Kayaba Industry has been established to pave the way for closer co-operation in the development of new ships and transport systems. The new joint-venture company, to be named MacGregor-Navire (Kayaba) Limited, will start operations from Oct 1,
      228 words
    • 123 19 AP SOUTH KOREA has decided to shelve indefinitely its plan to turn Cheju Island into a free international port zone, the South Korea Economic Planning Board announced. The board said that after two years of study, the government concluded the project, patterned after Hongkong
      AP  -  123 words
    • 520 19 HONGKONG is to introduce compulsory pilotage on a phased basis within 12 months. The director of Hongkong's Marine Department, Mr Percy Davy, outlined the implementation at a meeting of chartered shipbrokers. He said: "Amending legislation is under preparation and the discussions and agreements with the
      520 words
    • 193 19 THE MAJOR shipping consortia operating between the Far East /Europe, 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
      193 words
    • 79 19 NIPPON OIL and other Japanese refiners have reached agreement with Japanese shipping companies on a retroactive rise in the price of bunker oil (C-type heavy oil) for ocean-going vessels, Nippon Oil said. A Nippon Oil spokesman said they agreed on an increase to US$l96 per tonne
      79 words
    • 6516 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.
      6,516 words
    • 622 25 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godws FCL Arrival for LCL movement Ship Voy date/time Operator cargo schedule Location E Forever I9028W 10.7.84 2100 G Asia FSB 0700-0900 N4 Nioga 42 15/84 10.7.84 2300 Kalimantan FSB 0900-1100 B4 Siri Bhum 176N 10.7.84 2300 S'pore
      622 words
    • 1595 25 The leading shipping lines operating from local ports and their agents. A-B AFEA African Shipping Agencies <S> Afra-RirMlt Um Transgroup (S) AhreakM Umt hnto Kim Shpg (S) Alfred C Twfht Omnia Shipping Agency (S) Marintei Enterprise (PK). Alpw Intrasea (S) Bintang Shpg (KL)' Island Cargo Handling
      1,595 words
    • 493 26 July 11-13 British Insurance Law Association, London Colloquium, University College, London. July 13-14 International Congress on welding research, Boston, Massachusetts. July 1C-17 International conference on welding of tubular structures, Boston, Massachusetts. July 21-Aug 11 Galbraith's 1984 shipping course (details: Galbraith's, 88 Fenchurch St, London EC3). Aug 7-1$ Insurance
      493 words
    • 436 26 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Hock Hal Lee 3/4 Soon Kiat alongside 10.7.84/1500 Kim Soon Li 22 Thong Soon alongside 10.7.84/0700 Lucky Pine 6/7 S'pore Shpg alongside 10.7.84/1500 Ned Loire 44 Ned-EAC alongside 10.7.84/1100 Rong Jiang 19 Y Fung alongside 10.7.84/2300 Sonderhausen
      436 words
  • Page 17 Advertisements
    • 460 17 SERVICE! i*Ui curtunm FAR EAST/EUROPE i.'iammnaj V PR ro n. arm* tw 12/7 13/7 lh/«o/f*/h*/mi/*t FMM OHNTH OCT 22/7 23/7 IM/M/H/M/M/AT ktmtt atom MMK CO (TIE) LTD TEL 2227*11 KL (F6T) T«fc 7230 M For more dotaMs rater pagt IV IARDIXF, AN 1 AH I OkjentOveiqeas Co«taUi&i Line FULLY CONTAINERISED
      460 words
    • 333 17 SEALORDSS UASC UNITED ARAB SHIPPING CO SAG/1 NATIONAL LINE OF BAHRAIN. IRAQ. KUWAIT. QATAR. SAUDI ARABIA AND UNITED ARAB EMIRATES EXPRESS MULTI-PURPOSE SERVICES FULLY CONTAINERISED SERVICE KKOM JAPAN TAIW \N HOM.kOV, 27/* M/C V 7 7/7 17/7 20/7 27/7 1/7 13/7 u/7 nn 27/7 31/7 VI 14/1 M.SO C4UJKHKOTA N4K4T4
      333 words
    • 1 17 mm
      1 words
    • 917 17 U BALT-ORIENT LINI Baltic Shipping Co Rtfubr Sarvicas from South East Am to IWtad Ktatdom and Worth Continental Ports Agent: Singapore Soviet Shipping Co Pte Ltd Tel: *****3 MAERSK LINE 1 l s I' \< UK "till I All AN IK I \s I M A I\ I I MI
      917 words

  • Page 18 Advertisements
    • 271 18 FAR EAST/EUROPE CONTAINER SERVICE To Euroc Sailed 15/7 22/7 29/6 5/8 12 8 19/8 26 8 BUT A* N HOUTIMM JUTUMM B PERMAI NWON Is. coo RORMGAN KASUGA M n. Kin Sport l>Mwto 2) Man I 3) Wbwg 4) Gburg 10/7 17/7 24/7 31/7 7/8 14/8 21/8 28/8 25/7 1/8
      271 words
    • 348 18 NOTICES A ■.v. "VISBYA MADHI KI" VOV: arrived Ht Jmly IW4 M/AA. (Mmi N». M General Survey at cargo fx the above vessel will be held on Thursday 12th July 1984. from 9.00 a.m. to 1.00 p.m. No further survey will be held after this date Agcate: (ABHOY 6 I
      348 words
    • 30 18 NOTICE MADAM LAU BEOK LIN(C (CONNIE) is no longer in our. employ and she is not autho" naed to transact any business or* collect monies on behalf of our) company.
      30 words

  • Page 19 Advertisements
    • 717 19 The Straits Steamship Group OCL Overseas Containers Limited CONTAINERSHIP SERVICE TO UK CONTINENT »'.l STRAITS SHIPPING Singapore to Satoah, Sarawak, Brunei Ports and Bangkok PEGASUS PMX casus rm STORE DW/IIM 17-11 M BANGKOK AGENTS: BORNEO AGENCIES LTD. BANGKOK TEL: *****80 SMGATORE TO SABAH, SARAWAK AND BRUM] CONTAINERSHIP SERVICE FROM UK
      717 words
    • 603 19 ACCEPTING CARGO SPACE TO ALL INDIAN PORTS, COLOMBO, CWTTAGONG, PORT LOUIS, SOUTH AFRICAN PORTS AND ANY OTHER PORTS SUBJECT TO YOUR ENQUIRY. BEST RELIABLE SERVICES AND COMPETITIVE RATES TO YOUR SATISFACTION. FOR ENQUIRY KINDL Y CONTACT: M/S. DAYAL TRADE AND TRANSPORT AGENCY TEL: *****05/ *****45. TLX. NOS ***** NATES. SHIPPING
      603 words

  • Page 20 Advertisements
    • 613 20 n Hapag-Uoyd TO COW!INENT UK EXPORTS Spore t KetanfPenf ETNA MCKMERS 1/1 2/1 Bibao Genoa H'burj Rdam BTu«en Antwerp 25/1 2/9 HK L«h Oakland Seattle Beadi Tacoma (24/7) l/t I#/| 12/| T*b» 24/7 4/1 10/| 12/| Rid* Eipress 27/7 14/4 14/1 15/4 Rid* Eipress 27/7 14/1 IC/I 19/t N. Sapphre
      613 words
    • 316 20 FULLY CONTAINERISED SERVICE 10 FUR Off ViA SUEZ Member ol the Ace ComottMn 13/7 17/7 23/7 2/8 11/1 FROM FlWOff Vl* SUEZ J A Memoei ot the Ace Consortium OMNTAI CHEF 39E HI COMTANK 401 S SEAS mo 4tt CJCVAIDI PAUL 401 FULLY CONTAINERISED 10 FROM NORTH AMERICA WEST COAST
      316 words
    • 422 20 1 r EVERGREEN LINE FAR EAST/EUROPE CONTAINER SERVICE ACCEPTMG FCI ICI CARGO FOR MP m IK Fll ROM MM it* E>« QVT lt/07 17/17 07/00 MOI U/M 12/* 14 0* Ijnc Jl/»7 0101 21/ M H/* n/M 2 7/ M 20/* E»«r eras M M 01' M 02/ M M/M
      422 words
    • 774 20 M KIE CWAN SHIPPING (M) SON. BHD. Ne MIAN BERANGAN PORT KEI AUG SELANGOR MALAYSIA HI «w *****2, 38*435. *****2 *****4.*****2.*****7 W. MALAYSIA/STORE TO E. MALAYSIA SERVICES: tWTA tHATI BAIK tGAMBf t A KKWu Skan Tawau tHATI SENANG KK. S kan Ta»au tA VESSEL Bangkok aIOMOH SATU KK Skan. Tawau
      774 words
    • 203 20 'ri \i CIS I NOSE MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES &nf*P*e lo*dn( to 20/7 B Abbas B Khomn SJNOSI MARITMK PU LTD Itl *****44/7 i *****70 MAtOSI MARITHK SON BHD let *****2/3 MALAYSM IRAK I TRANSPORT LTD T« ***** ft W775 KYOWA LINE
      203 words

  • Page 21 Advertisements
    • 472 21 S& PIL GROUP EAST AFRICA/REDSEA SERVICES SINGAPORE 12-15/7 21-25/7 tt-22/7 J-5/8 10-15/ i LOAOMQ FOR: HOOEIOAH. JEDOAH, AQABA A DEM, HOOEIOAH. JEDOAH. AQABA, PTtUOAN MOKHA, JEDOAH, MOMBASA, D'SALAAM, MAPUTO ADEN. HOOEIOAH, JEDOAH, AOABA HOOEIOAH. JEDOAH, AOABA, PTSUOAN, MOMBASA, D'SALAAM KARACHI/P GULF SERVICES COLOMBO/CHITTAGONG/RANGOON SERVICES KOTA BERJAYA Singapore 2S-28/7 Colombo 2-S/8
      472 words
    • 255 21 MALAYSIA SHIPPING CORPN SDN. BHD. VOY. PENANG 5/04 5/04 6/04 0/04 P. KEL AUG LOMSK FOR taPI-17/7 KU/KK/LD/TA taPt-12/7 KK/SM/TA 23-27/7 KX/SXN/TA 21-21/7 KU/KK/SXN Agents SINGAPORE PIL 111 ??18! 33 P KFIANG SFLATAN AGFNCY TFI *****6 388f»93? Kl SFIAIAN AGENCY 111 ??1889 ??6812 PtNANG It AN BIF CO 111 *****
      255 words
    • 660 21 BENLINE CONTAINERS EXPtfSS CONTAfO SERVICE TO/FROM EUROPE UK HAM 2/1 4/1 l/l 11/1 U/l U/l 23/1 l/» 3/1 7/1 1/1 M 11/1 23/1 a/i 2/11 4/U B HAVEN ROAM l/l 7/1 11/1 14/1 a/i »/i n/i a/i vi i/i 11/1 12/1 a/1 21/1 27/1 a/i 7/M In bM I*4 IMMV
      660 words
    • 399 21 DJAKARTA LLOYD INDONESIAN NATIONAL LINE Far East S pore Service Ful Container Vessel Buum Yaka- Kobe Km Sparc TrPnol Kami das* SOW* 11/7 14/7 14/7 20/7 »/7 27/7 EXPRESS SEM-CONT/UNER SERVICE TO/FROM EUROPE STORE P.KELANGRDAM/ TUURY/HWJR6/ ANTIOP ADAM LONDON BREMEN AMULLAHV7NB CON *****/7 4/1 S/S S/l 10/« J. JMJKRT BONTANC
      399 words
    • 518 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION Loadfcg for Rangoon S'pore PKelong Penary Poon V 73 12/14 July Pinyo V 74 18/21 July Htoneywa V 194 21/23 July 19/20 July Pagan V 75 2/4 Aug \> BANK LINE EXPRESS (DEPENDENT SERVICE TO UK/COHT CLYDEBANK FORTHBANK SPORE R'DAM HULL HMBG
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  • Page 22 Advertisements
    • 903 22 ft. ECUADOR/PERU/CHILE «j IV LINE -KAWASAKI KISEN KAISHA, LTD. FEEDOt ST* V 25 MOTHER VSL TMSHM *4701 GUATAQUL 30 A« MIC S ANTOMO 9S* VALPARASO 1? CENTRAL AMERICA /CARIBBEAN SEA ram/vsi SIM *25 MOTTO *51 STOBE MALACCA MAM *23 13 U M7AMLLO ACAPU.CO PT QUETZAL ACAJUTIA SLORBBO COROTTO PT CDHA
      903 words
    • 285 22 Accepting Braakbulk and containerised cargo** Direct to South Africa JARDffC SMPPMG AGENCIES (Ret *****4/ 00K) 70 SHENTON MAY #04 03 MAJWM HOUSf MUGAPORf 0707 TEL *****11 lilt* NO RS ***** CfS OFFICE IPC »03 029 Tel *****31 and *****32 IIRMWAI OfFCI IPC fO3-030 Id *****90/2220M3 D I CHAR CHING MARINE
      285 words
    • 627 22 acsasg Stt CALIFORNIA/PACIFIC NORTH WIST SERVICE EXPRESS CONTAINER/REEFER/BULK SERVICE t« lOS ANGELES SAN FRANCISCO SEATTLE. TACORM VANCOUVER BC Aetata* fa /ra cm»in S-maporf I tmn AUSTRALIA EXPRESS CONTAINER SERVICE fee*** fCI/Fa Cantaawn •Ah® KCfptnf Iran P Rata* lor Auc* VM/lftt s»" Sy* Mm Kc*h "RAMDAS" 14/ IS My 2/Mr 2Aw
      627 words
    • 556 22 SANKD ASIA FROM JAPANESE PORTS AND HONGKONG GOLDEN LINE MM WAN SMPPMC (PTE)LIB s&ssrsarstzg'— J# «wu limpm M7ll r ■•tai jimi XS4U f »ni uon on sn m m tun STRAITS/PERSIAN GULF SERVICE: Spwt P Pen 4 GOLDEN CITT Karachi Dub* Dammani Kuwait 11/2# Mr GOLOEN KM Karachi Muscat Doha
      556 words
    • 435 22 INTRASEA (PTE) LTD lO Anson Road b27 16 International Plaza Singapore 0207 Tel *****1 1 <1 0 Lines) <► BREAKBULK SERVICE TO EUROPE/UK fort NELSON 88M907 Spare P KcUnf Laadn tar 14/7 tnt »nrt SETE/ROTT/ANT/UJL ALP AC LINE ALPAC ASM 16SWB S port P Keiang Sa«ed a/Tamatavc SEAWOOD SHIPPING CORPORATION
      435 words

  • Page 23 Advertisements
    • 659 23 TO EUROPE/UK (VIA SUEZ): MAETERLMCK 2W. K IACEJM 251* TW BBDGE 21N. 0 CHEF 40* Also accepting cargo to/from Scandinavia 4- N CRYSTAL S pore Closing Times: FCI Cargo 0100 12/7 FROM EUROPE (VIA SUEZ) LCL Carg 13 0 CHEF 39E. SS BRIDGE 46E...... C PAUL 401 C CONTAINER 26E.
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    • 522 23 HEUNG-A SHIPPINC Korean Flag Vessels ex**# SEMI CONTAINERISED direct service to BANGKOK. KEELUNG. BUSAN INCHON BM REE KCMC* lb IDm 40* U/7 E lota «JS 17/7 DCChMOW OUT I 7 lb Dm/«m lb. lIMW •b 7 Dm/Mdl 17/1 f i .t N' NtPtUNT HGfNCIIS PTi I ID lei *****77 *****34
      522 words
    • 637 23 SINSOV SINGAPORE SOVIET SHPPING CO PRIVATE LTD 0104 x *l*OM Nw*« *****3 (15 linn) Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS 2510S r KELANC p~.fr M/S SHARKAT NAM SOON SDN BHD IST ANO 2ND FLOOR UAj THONG StMK NO 1. JALAN CEMPENWG PORT KLANG. MALAYSIA TH
      637 words
    • 9 23 ahrenkiel liner service gmbh DURBAN JOHANNESBURG. MAPUTO MAURITIUS REUNION
      9 words

  • Page 24 Advertisements
    • 656 24 I?e<|i»nal Container Lines irririiiii 3 s.n, Reliable Regular Punctual Berthing P S.A. 1500 Hrs. Tues, Thurs Sat HINODE KISEN CO. LTD MIDDLE EAST REGULAR LINER I LTK.I HK.Wt I.IIT AKKIKK Sport DIMM 13/15 M ALPHA PAOFIC 23/25 M Pnf Loadnf tar: INI VEB DEUTFRACHT/SEEREEDEREI ROSTOCK EXPRESS SEMI-CONTAINER SERVICE Far Imp*
      656 words

  • Page 25 Advertisements
    • 98 25 "HT L/CQKNE A French Line REGULAR SEMI-CONTAINER M/V ARMAGNAC V6IS4 M/V ARTOS V7IS4 M/V HAUSSMANN VBLS4 TO BANGLA-DESH/MDIA/SRI LANKA/PAKISTAN T.WTf J ORIf NT At SfAWINDS lINfR AGFNCV PTf I ID SINGAPORE M A t AVSIA TEL 7?0S6«1 SALES BOOKINGS GENERAL fREIGMT (Mi SDN BHD PK M 0448 KL 9M144 PEN
      98 words
    • 155 25 Scan Dutch V .J.' To Europe (Med/UK/NC/Scan) To Red Sea/Mediterranean From Europe From Red Sea/Med. FEEDER P. KELANG PENANG Scan Dutch Concordia N Van Noort N. Van Dwmen (I) Barcelona, Genoa, Bdboo, Le itKnmnti-in I i»■«. I I Copenhagen, Helsinki (4) Molmo, Stockholm, Oslo Bremerhaven: Bremen Loading for Jeddah Rotterdam:
      155 words

  • Page 26 Miscellaneous
    • 171 26 a Regional Weather T A i m 2 £3 ft S! =L« I K m m Wf* m to s* 2^ 90c» SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND b^' Wind direction with speed in knots Wove height R Thunderstorm Temperature o c A hower Weather
      171 words